Good Morning,

Here's a quick preview of today’s content: Fraudster charged with moving $290K in crypto from prison, Trump won't sign housing bill with CBDC ban, Kraken relaunches mobile app with AI, Robinhood says AI will assist crypto traders, Apple sues OpenAI over stolen trade secrets, 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 (7/3/25), Gannon’s Crypto Portfolio is up +7.3% Gannon’s AI Fund is up +55.6%

• Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains

  • BTC and ETH ETFs snap eight-week outflow streaks with $282M combined inflow as altcoin optimism builds

  • BTC’s $60k-$70k range becomes third most traded range in history as stablecoin market cap shrinks $10B since May

• Crypto defies equity weakness though IPO market stalls and capital rotates to AI

Prediction Markets

• Bettors on Polymarket are predicting Clarity Act signed in 2026?

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

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

• Stablecoin firm Circle gets approval for bank charter (BBG)

• Apple sues OpenAI over stolen trade secrets (DC)

• Democrats call for hearing on Trump's crypto profits (DC)

• US reps urge Senate to vote on Clarity Act (BM)

• DOJ drops charges against man in $722M crypto ponzi (TB)

• Xbox CEO joins fed AI jobs task force (DC)

• Wall Street tightens prediction market rules for staff (CT)

• Polymarket files to offer margin trading (TB)

• Empery Digital sells half its bitcoin treasury for $87M (DC)

• Metaplanet explores bitcoin digital credit in Japan (CD)

• Backpack joins race for tokenized equities (CT)

• Research puts 31% of Ethereum activity in the US (TB)

• Revolut integrates AI in its crypto exchange (TB)

• Robinhood says AI will assist crypto traders (CT)

• OKX, MetaMask, Matter Labs back dispute resolution for AI (CD)

• Ark Invest buys $14M worth of Circle (TB)

Venture Capital

• Sentient, an AI and crypto project, raises $85M led by Founders Fund, Pantera Capital and Framework Ventures (PM)

• Infinia, a crypto infrastructure layer, raises $13.5M led by Bain Capital and Variant Fund (LF)

Access the complete VC deal flow on Fundable.

Launches

• Kraken relaunches mobile app with AI (TB)

Regulation

• Trump won't sign housing bill with CBDC ban (DC)

• North Carolina recognizes CFTC's authority over prediction markets (DC)

Cybersecurity

• Fraudster charged with moving $290K in crypto from prison (DC)

• Lending protocol Bonzo Lend hit for $9M (TB)

• Ledger researchers disclose Tangem card flaw (TB)

Extra Reads

• Robinhood just launched its own Ethereum layer-2 network for tokenized stocks and ETFs, and in its first week it racked up 17M transactions, over $1B in DEX volume, and a viral meme coin - Here's what Robinhood Chain actually is

• Nearly a year after the House passed it, the Clarity Act finally reaches the Senate floor, but lawmakers have weeks before the August recess and midterms take over - Here's what's next for the Clarity Act

Chart of the Day

Crypto investors realize $10B in net losses over the past 30 days

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.