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Here's a quick preview of today’s content: AI fuels 440% surge in hackers using blockchains, CFTC opens door for crypto apps to offer derivatives, Ripple adds XRP payments to Stripe and Tempo, Bitcoin treasuries buy just 5.9K BTC in three months, JPMorgan says bitcoin could get more support than gold, and so much more

Looking for institutional guidance on your firm's crypto strategy? Speak to the team at Alvarez & Marsal Crypto. They offer comprehensive advisory services on everything from stablecoin adoption, tokenization and custody to M&A, compliance and risk. Book a call!

It’s time for Friday - 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 +14.1% Gannon’s AI Fund is up +57.9%

• Bitcoin coils near $76,500 as it absorbs the Fed's first rate hike since 2023 and stocks rebound

  • Crypto rallies through the hike, with ZEC jumping +23% as major tokens rise

  • BTC ETFs could triple their gold counterparts as the asset matures

• Markets brace for the Fed's next move, though it faces 2022 parallels as the central bank resumes rate increases

Prediction Markets

• What will the Fed decide in October?

• Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

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

• SEC issues guidance to tokenize stocks (BBG)

• US sanctions Iranian crypto exchange BitBank (TB)

• South Korean police charge Polymarket users for illegal gambling (TB)

• Democrats still committed to passing Clarity Act (TB)

• Andrew Yang calls for AI kill switch (DC)

• JPMorgan says bitcoin could get more support than gold (TB)

• Vitalik says AI could strengthen cybersecurity (BL)

• Crypto.com registers for single-stock futures (TB)

• Bitcoin treasuries buy just 5.9K BTC in three months (CT)

• WisdomTree and MoonPay expand tokenized money market fund (CT)

• OG.com cleared to offer single-stock futures (CT)

• Zcash miner Fortitude names new CEO (CD)

A Message from Alvarez & Marsal Crypto

A&M Crypto: Institutional Digital Asset Advisory, Executed at Scale

Alvarez & Marsal's Crypto practice is the leading global digital asset advisory firm, with 90+ offices worldwide and operators who've executed through every market cycle. A&M combines operational, financial, and industry expertise to take institutions from strategy to deployment: stablecoin adoption, tokenization and RWAs, custody and infrastructure, M&A advisory, IPO readiness, risk and compliance, restructuring and much more.

A&M's clients include half the Fortune 500 and the leading crypto-native and TradFi firms in the industry.

Whether you’re looking to adopt stablecoins, standing up digital asset infrastructure, or navigating tokenization/RWAs... A&M has done it before, at scale across finance, operations, engineering, commercialization, risk and compliance.

Talk to A&M Crypto

Venture Capital

• Tenka, a platform for asset-backed finance, closes its pre-seed round led by Maven 11 (TD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Credit ratings giant S&P Global acquires smart contract security firm OpenZeppelin (DC)

Launches

• Ripple adds XRP payments to Stripe and Tempo (CD)

• World launches 'World Money' super app (TB)

Regulation

• CFTC opens door for crypto apps to offer derivatives (DC)

• Crypto adoption blooms in Germany (CT)

• FCA targets sites over unregistered crypto trading (DC)

Cybersecurity

• AI fuels 440% surge in hackers using blockchains (BBG)

Extra Reads

• The Clarity Act failed its Senate cloture vote this week, but a last-minute procedural move kept a narrow path alive, so the bill isn't dead so much as walking wounded - Here's whether there's any chance left to save the Clarity Act

Chart of the Day

Prediction markets are taking over sports

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.