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Here's a quick preview of today’s content: Florida man charged over $397M crypto ponzi, Majority Leader Thune files cloture on Clarity Act, Coinbase opens UK derivatives trading, SEC prepares escape hatch for crypto projects, Riot stock jumps on $9.1B deal with Anthropic, and so much more

Polymarket's Polygraph newsletter is bringing global headlines with skin in the game. Subscribe for free to see what's happening in world events, with information always priced in.

Happy Wednesday - 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 (7/3/25), Gannon’s Crypto Portfolio is up +3.8% Gannon’s AI Fund is up +59%

• Bitcoin slips toward $63,000 as traders await Wednesday's inflation test

  • BTC falls to a one-week low as Hormuz hopes evaporate, with XRP and ETH leading losses

  • BTC ETFs draw $1.1B in the best inflow week since April

• BlackRock says Bitcoin sentiment is turning as decoupling from stocks takes hold, with new BTC addresses jumping

Prediction Markets

• Bettors on Polymarket are predicting pro football 2027 champion?

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

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

• SEC poised to unveil major crypto plans (BBG)

• Trump Media’s crypto bet fuels $238M loss (DC)

• Riot stock jumps on $9.1B deal with Anthropic (TB)

• CFTC charges Goliath Ventures with $400M bitcoin fraud (BM)

• OpenAI exec quits in leadership shake-up (DC)

• Strategy says company will resume bitcoin accumulation (CT)

• Majority Leader Thune files cloture on Clarity Act (TB)

• Twenty One Capital takes $414M loss (TB)

• Luke Dashjr removed as BIP editor (DC)

• eToro reports second quarter crypto loss (CD)

• Coinbase picks Abu Dhabi for tokenized asset push (CD)

• Broadridge's Ledger Repo platform processes $8T (TB)

• ENS Foundation takes control of $65M endowment (TB)

• Grvt eyes $100M position in Ondo (TB)

• Brazil lender Itaú steps deeper into tokenization (CD)

• ADI Chain and Shipfinex partner to tokenize vessel pipeline (CT)

• Decta explores stablecoin treasury settlement (CT)

• Pudgy Penguins founder sells NFT mint (TD)

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Venture Capital

• Crypto-friendly Erebor in talks to raise $1.5B at $9.5B valuation (CD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Nasdaq acquires alternative trading system LeveL Markets (CT)

• Crypto trading platform eToro acquires brokerage TradeZero (DC)

• Stablecoin card issuer Rain buys wallet startup Ansa (TD)

Launches

• Coinbase opens UK derivatives trading (DC)

• MoneyGram expands on Solana (CD)

• Zama brings its privacy token to Revolut (TB)

Regulation

• Russia approves trading of BTC and ETH (DC)

• CFTC flexes authority to keep Kalshi operating (TB)

• UK lawmakers write to banks over crypto refusals (DC)

• FlightAware sues Kalshi over unauthorized data (TB)

• Australian watchdog suspends Cryptolink (CD)

Cybersecurity

• Florida man charged over $397M crypto ponzi (TB)

• North Korea leans on crime networks to launder crypto (DC)

• Ravencoin crashes as exploit threatens network (DC)

• BTCPay offers bounty after exploit (DC)

Extra Reads

• The company that made "never sell your Bitcoin" a mantra has sold nearly 7,000 coins since May, not because the thesis broke, but because the math on its dividends did - Here's why Strategy is selling Bitcoin, and how much it's sold

• A missed summer window, a 25% chance of passage, and an October when Congress is entirely out, the biggest crypto bill in years is running low on runway right as the midterms pull focus - Here's what's next for the Clarity Act

Chart of the Day

Pokémon cards have outperformed the S&P 500 and BTC year-to-date

Meme Dump

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