SBF Cursor Stake

FTX bankruptcy disposed of Cursor stake now worth billions

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Here's a quick preview of today’s content: Armed intruders force French family to transfer $820k in crypto, Treasury Secretary presses Senate to pass crypto legislation, FTX bankruptcy disposed of Cursor stake now worth billions, US military is running a Bitcoin node, New York and Illinois ban gov employees from prediction markets, and so much more

Happy Thursday - Let’s dive in.

Market Snapshot

Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.* Since inception (7/7/25), Gannon’s Crypto Portfolio is up +47.43%

  • Bitcoin tops $79,000 as crypto rally gathers steam on Trump's extended Iran ceasefire, triggering $418M liquidation spree

    • Strategy surges +25% in 5 days as BTC breaks ex-dividend date slump

    • Fear & Greed Index exits 'extreme fear' zone as short-squeeze risks mount

    • PENGU notches double-digit gains as altcoins rally

  • Gold and oil drive record TradFi volumes across exchanges as ceasefire optimism lifts sentiment

Prediction Markets

  • Bettors on Polymarket are predicting which companies will be acquired before 2027?

  • Track and trade live odds on any event, only on Polymarket

Headline Roundup
The major headlines driving crypto markets

  • FTX bankruptcy disposed of Cursor stake now worth billions (BL)

  • Justin Sun sues Trump-backed World Liberty over frozen tokens (DC)

  • Kalshi fines meme coin candidate for betting on their own election (DC)

  • Treasury Secretary presses Senate to pass crypto legislation (BM)

  • American Bitcoin shares spike after firm activates BTC miners (DC)

  • Law firm admits to AI ‘hallucinations’ in filing tied to scam network (DC)

  • SocialFi app founder arrested on strangulation charges following rug pull (TB)

  • Banks seek to slow implementation of crypto's GENIUS Act (CD)

  • SBF pulls motion for a new trial (CT)

  • Elon Musk's Tesla reports unchanged bitcoin holdings (CD)

  • 'Finding Satoshi' film makes case for Bitcoin creators (DC)

  • US military is running a Bitcoin node (BM)

  • Coinbase shifts New York prediction markets fight to federal court (CT)

  • HIVE and Keel push deeper into data centers with capital raise (CD)

  • Crypto mogul’s private trading arm moves into Hong Kong wealth firm (CD)

  • Coinbase dodges securities claims in WLUNA lawsuit (BL)

  • Gaming network Ronin sets date for Ethereum migration (DC)

  • WalletConnect integrates with TradFi chain Canton (TD)

  • Binance.US slashes trading fees across listed crypto (TB)

  • Upshift taps Securitize for third-party reporting (TB)

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Venture Capital

  • Venture firm Blockchain Capital seeks $700M raise (BBG)

  • Robinhood Ventures invests $75M in OpenAI (DC)

  • JPYC, a Japanese yen stablecoin, raises $18.1M from VC firms and strategic investors (CN)

Access the complete VC deal flow on Fundable.

Launches

  • GSR launches crypto basket ETF on Nasdaq (DC)

  • Polymarket and Kalshi set to launch perp trading (TD)

  • Stablecoin provider Infinite rolls out banking services (TB)

  • Gensyn launches AI information markets platform (TB)

  • Base launches Azul testnet upgrade (TB)

Regulation

  • New York and Illinois ban gov employees from prediction markets (DC)

  • Russia advances sweeping crypto bill with provisions (DC)

  • ECB’s Cipollone not worried about delay of digital euro vote (BBG)

  • Kraken calls for exemption on crypto taxes (CT)

  • UK FCA carries out crackdown on illegal crypto trading (TB)

  • UK investors regain tax-free access to crypto ETNs (TB)

  • Thailand mulls crypto futures expansion (CT)

  • Uzbekistan creates state-backed crypto mining zone (CT)

Cybersecurity

  • Armed intruders force French family to transfer $820k in crypto (TB)

  • Kelp exploiter launders $80M worth of ETH (TB)

  • Lazarus macOS malware hits crypto and fintech firms (CT)

  • Volo Protocol exploited as team pledges to absorb losses (TB)

Extra Reads

Chart of the Day

Google searches for 'Bitcoin' reach their lowest level since July 2025

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.