Good Morning,

Here's a quick preview of today’s content: Australian police seize $5.9M in crypto, Appeals court to hear arguments on FTX founder's retrial motion, Satoshi's Bitcoin whitepaper turns 17, Elizabeth Warren rebuffs defamation allegations from CZ, and so much more

Happy Monday - 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 +42.06%

• Crypto markets turn the page after volatile October

  • Bitcoin ends a choppy month near $111K - its November high - as an $8B realized cap jump signals renewed demand

  • US spot SOL ETFs attract $200M in debut-week inflows

  • ZEC surges to an 8-year high with $6.2B market cap, reclaiming its position as the leading privacy coin

• Traders grow cautiously optimistic as markets shift from the failed “Uptober” rally toward a historically stronger November

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Sam Bankman-Fried’s X account says FTX was never bankrupt (DC)

• CEO of collapsed Thodex exchange found dead in Turkish prison while serving 11,196-year sentence (TB)

• Connecticut senator says Binance 'greased the wheels' for Trump's crypto deals (DC)

• Elizabeth Warren rebuffs defamation allegations from CZ (TB)

• Coinbase rejects claims of Trump favoritism (TB)

• Former FTX US President says crypto leverage trading a 'major problem' (DC)

• Palantir sues ex-engineers over 'copycat' AI startup (DC)

• Tether reports $10B profit in 2025 through Q3 (DC)

• BlackRock's IBIT sheds $291M in a day (DC)

• Binance's CZ purchases 2M ASTER tokens (CD)

• Stablecoin issuers capture 75% of daily protocol earnings (TB)

• Cathie Wood’s ARK tops $2.15B in crypto exposure (CD)

• Satoshi's Bitcoin whitepaper turns 17 (CD)

• MEXC apologizes to ‘White Whale’ trader over $3M freeze (CT)

• Aster’s Rocket surpasses $1B in trading volume (CD)

• BlackRock's BUIDL fund drops -60% in market cap (TD)

• Prenetics spends $11M to add BTC to treasury (BM)

• Riot Platforms reports net income of $104.5M (CD)

• Brazilian treasury OranjeBTC announces share buyback (DC)

• Ether.fi DAO proposes $50M ETHFI buyback (TB)

M&A Announcements

• Coinbase in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2B deal (BBG)

Launches

• Elon Musk unveils X Chat encrypted messenger (CT)

• Steak ’n Shake launches first-ever Strategic Bitcoin Reserve (BM)

• European Central Bank accelerates CBDC plans (DC)

• Deutsche Bank and EURAU stablecoin goes multichain with Chainlink (CT)

• Revolut rolls out 1:1 USD-to-stablecoin (CT)

• DEX dYdX to enter US market by end of 2025 (TB)

• Latin American crypto exchange Ripio launches Argentine peso stablecoin (CD)

• Strategy eyes global credit expansion with focus on international markets (CD)

• REX Shares unveils REX IncomeMax Option Strategy ETF (DC)

Regulation

• Appeals court to hear arguments on FTX founder's retrial motion this week (CD)

• Romanian regulator blacklists Polymarket for illegal betting (DC)

• California regulator fines Bitcoin ATM operator for violation (DC)

• Basel Committee reviews bank crypto-asset rules (CT)

• European Commission eyes SEC-style supervision over crypto (TB)

• Appeals court upholds ruling that Custodia is not entitled to a master account (TB)

• New Hampshire Senate stalls crypto mining deregulation bill after split vote (CT)

• Malaysia’s central bank sets three-year roadmap to pilot tokenization (CT)

• NY court extends asset freeze to aid Singapore's multichain liquidation (DC)

Cybersecurity

• 95% of Iran’s 427,000 active crypto mining devices operate illegally (CT)

• Australian police seize $5.9M in crypto after cracking coded wallet (CT)

• T3 Financial Crime Unit freezes $300M in assets (CD)

• South Australia rounds up another 55 suspects in encrypted-app sting (DC)

• Europol says criminal crypto use is becoming 'increasingly sophisticated' (DC)

Extra Reads

• Scientists say the quantum risk to Bitcoin remains a decade or more away, but experts warn markets could crash on fear alone long before quantum math catches up - Here’s how panic could break crypto before physics does

• Despite a roaring start and all-time high early in October, the expected "Uptober" turned into a real downer for Bitcoin, sinking to levels untouched for four months - Here’s why Bitcoin had its worst October in years

Chart of the Day

Stablecoin supply on Ethereum surpasses $184B

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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.