Good Morning,

Here's a quick preview of today’s content: Consumer groups join union to derail crypto structure bill, Crypto traders seek extra security as kidnappings rise, Trump crypto game revealed with $1M in rewards, GameStop posts $9.4M loss on Bitcoin in Q3, Tom Lee says Ethereum has bottomed, 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 +20.52%

• Crypto markets whipsaw as Fed delivers third rate cut of 2025

  • Bitcoin briefly spiked above $94K after the Fed’s 25 bp cut, but volatility erased much of the move

  • Spot BTC ETFs flipped positive with $152M in inflows, while traders stayed defensive

  • ETH ETFs hit a six-week high as investors rotated within majors; ETH ended the day with mild gains

  • SOL liquidity fell to bear-market levels amid a $500M liquidation overhang

• Total crypto market cap sits at $3.3T, up +1% on the day, with $119B in trading volume

Prediction Markets

• Bettors on Polymarket are predicting college football champion 2026?

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

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

• Silk Road wallets move BTC after decade of dormancy (TB)

• Twenty One Capital drops in NYSE debut (DC)

• SpaceX moves another $95M of its BTC stash (TB)

• Elon Musk says DOGE flagged billions in 'zombie payments' (DC)

• Crypto winter squeezes miners as AI pivot gains urgency (BBG)

• Bullish analysts can’t quit Strategy after 60% rout (BBG)

• Tom Lee says Ethereum has bottomed (DC)

• American Bitcoin adds $38M Bitcoin (TB)

• Gemini wins CFTC approval for prediction market (TB)

• Strategy pushes back on MSCI’s exclusion proposal (TB)

• KindlyMD enters $210M loan agreement with Kraken (TB)

• Telegram ring runs pump-and-dump that nets $800K (CD)

• 6 in 10 of Asia’s rich plan to ramp up crypto buying (CT)

• Vitalik Buterin says Ethereum can handle temporary loss of finality (CT)

• GameStop posts $9.4M loss on Bitcoin in Q3 (CD)

• Bank of Mexico maintains crypto caution despite global shift (BBG)

• Abu Dhabi explores tokenized private market access (CT)

• ChronoForge shuts down amid funding collapse (CT)

• Animoca helps Japanese Bitcoin companies generate yield (CT)

• Lead Bank adds Loop Crypto to inner circle for stablecoins (TB)

• Phantom’s stablecoin supply tops $100M (TD)

• Sei partners with smartphone maker Xiaomi (TD)

• Blockstream connects Lightning and Liquid for faster payments (CD)

• Bitunix integrates Fireblocks and Elliptic for security (CD)

• Pineapple migrates $10B mortgage portfolio on-chain (CD)

• No NPC Society opens token presale (CD)

Venture Capital

• Crypto-focused AI startup Surf raises $15M from Pantera Capital, Coinbase Ventures and Digital Currency Group (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Stripe acquires the team behind peer-to-peer mobile payments app startup Valora (TB)

• ETHZilla acquires 15% fully diluted stake in Zippy, a digital lending platform specializing in home loans (TD)

Launches

• Trump crypto game revealed with $1M in rewards (DC)

• Cascade opens 24/7 perps trading for any asset class (TB)

• State Street and Galaxy launch tokenized fund on Solana (CD)

• Superstate's unveils Issuance Programs using tokenized stock (TB)

• A16z crypto opens Seoul office (CD)

• Bhutan debuts TER gold-backed token (CD)

• Tether rolls out privacy-focused health app (CD)

• Bybit releases world crypto rankings (CD)

• Gamdom introduces RTP across all crypto casino games (CD)

• Helium expands to Brazil with Mambo WiFi (CD)

• BOLTS launches quantum pilot on Canton Network (CD)

• TenX Protocols start trading on TSX Venture Exchange (CD)

• LBank lists Kyo Finance with token rewards (CD)

Regulation

• IMF flags stablecoins as risk to emerging markets (CD)

• Consumer groups join union to derail crypto structure bill (CD)

• EU opens probe into Google's use of content for AI (DC)

• Rep. Keith moves to 'fix bill' with CBDC ban before hearing (DC)

• OCC calls out banks for unlawful debanking (BL)

• Norway central bank puts crypto considerations on ice (BBG)

• Crypto CEOs join CFTC's Innovation Council (CD)

• Kalshi secures relief on Connecticut enforcement (TB)

Cybersecurity

• Crypto traders seek extra security as kidnappings rise (BBG)

• Binance co-CEO’s WeChat hacked to promote memecoin (TB)

• Paxful pleads guilty to aiding crime and ignoring AML (CD)

Extra Reads

• A trader on prediction market Polymarket struck gold, turning $3,000 into $125,000 by successfully guessing who would be the most Google-searched person in 2025 - Here’s how one Polymarket user turned $3K into $125K

• Vanguard is opening crypto ETF access to millions of investors, reflecting a broader 2025 trend of crypto finding its way into investor portfolios - Here’s why this is significant

Chart of the Day

Tokenized commodities have outperformed Bitcoin this year

Meme Dump

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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.