- Crypto Sum
- Posts
- SBF Cursor Stake
SBF Cursor Stake
FTX bankruptcy disposed of Cursor stake now worth billions
Together with
Good Morning,
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)

A Message from Mode Mobile
Apple’s Starlink Update Sparks Huge Earning Opportunity
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches 490M+ users that have earned over $1B, and that’s before global satellite coverage. With SpaceX eliminating "dead zones," Mode's earning technology can now reach billions more in unbanked and rural populations worldwide.
Their global expansion is perfectly timed, and investors like you still have a chance to invest in their pre-IPO offering at $0.50/share.
With their recent 32,481% revenue growth and newly reserved Nasdaq ticker, Mode is one step closer to a potential IPO.
Tap into a $1T opportunity — invest now at just $0.50/share and get up to 20% bonus.
*see Mode Mobile disclaimers at bottom of this email
Venture Capital
Access the complete VC deal flow on Fundable.
Launches
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

Extra Reads
While the stablecoin yield issue remains a key sticking point, there are several other hurdles to enactment of the crypto bill, or the Clarity Act - Here’s five hurdles for the crypto bill beyond yield

Chart of the Day
Google searches for 'Bitcoin' reach their lowest level since July 2025


How was today's newsletter? |
Meme Dump



Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.
💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot
💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.
☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.
📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.
*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.




