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Here's a quick preview of today’s content: Three men charged over crypto home invasion plot, Russia passes law regulating crypto exchanges, Mastercard launches Crypto Credential pilot, NFT founder raises $10M to blow it all gambling, Senate races to salvage Clarity Act before recess, and so much more

Polymarket just launched Polymarket Institutional Research, a new publication exploring the intersection of prediction markets with the global financial system. Original analysis straight from their Institutional Desk. Subscribe to receive their insights here.

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 (7/3/25), Gannon’s Crypto Portfolio is up +4.4% Gannon’s AI Fund is up +59%

• Bitcoin clings to $64,000 as analysts see a bottom forming through boredom amid steady ETF inflows

  • BTC ETFs draw $382M in two-day inflows

  • ETH and XRP whales accumulate, signaling a 'late-stage bear market'

  • BTC activity hits a 2026 high amid Coldcard attack as Strategy's STRC rebounds +30%

• Global equities hit record highs and gold hits 6-week highs as a Hormuz deal nears

Prediction Markets

• Bettors on Polymarket are predicting Michigan Senate election winner?

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

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

• Saylor's Strategy pledges contributions to Trump Accounts (TB)

• Senate races to salvage Clarity Act before recess (TB)

• Claude Mythos 5 targets real people in cyber tests (DC)

• Novogratz’s Galaxy misses revenue estimates (BBG)

• Binance says RedotPay diverted users in lawsuit (BBG)

• Perplexity wins appeal against Amazon (DC)

• NFT founder raises $10M to blow it all gambling (DC)

• Circle taps Visa, Mastercard and BlackRock as validators (DC)

• Visa widens stablecoin payouts via Zerohash (DC)

• Block’s bitcoin gross profit falls 31% (TB)

• Eliza founder declares AI token dead (DC)

• TeraWulf’s HPC leasing revenue jumps 52% (TB)

• Payward shifts position on tokenized equities (TB)

• Ethereum proposal would burn staking rewards to zero (DC)

• Ondo hires former Blockchain.com CFO (CD)

• Laser Digital backs ZIGChain for onchain credit (CD)

• Proof of Play shuts down (CT)

Introducing Polymarket Institutional Research 

Polymarket Institutional Research is a new publication exploring the intersection of Polymarket with the global financial system — original analysis built directly on our markets, written by the Institutional Desk. From Anthropic's valuation strip to the Hormuz reopening gap, to the future of Lagarde at the ECB.

If your financial institution is looking to engage with event contracts, the Polymarket Institutional Desk is scaling up. For information on block trades, market making, and commercial data sales on either our U.S. or international exchanges, reach out below.

What's Inside:

• Weekly market briefings

• Deep dives on forecast scenarios and LP opportunities

• Quarterly liquidity & microstructure reports with full depth data

• Direct access to our research team via dedicated Slack

Sign up for Polymarket research access

Venture Capital

• Yellow Card, a stablecoin provider, raises $40M from SC Ventures, Sony Ventures, Polychain Capital and more (BP)

• Legion, a platform for token sales, raises $7M led by VanEck and Brevan Howard Digital (X)

• Financial services firm Marex invests an undisclosed amount in crypto provider Digital Prime (CT)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Boerse Stuttgart Digital and crypto trading firm Tradias complete merger (CT)

Launches

• Mastercard launches Crypto Credential pilot (TB)

• Meta debuts AI coding agent (DC)

• Uniswap ships memecoin launchpad on Robinhood (CT)

• Forgd brings market leaderboard to DefiLlama (CT)

Regulation

• Russia passes law regulating crypto exchanges (BM)

• Crypto PAC scores wins in Michigan and Washington (TB)

• Nigeria tightens rules on crypto (BBG)

• Taiwan plans rule for domestic crypto transfers (CT)

• Bybit secures Austrian license (CT)

Cybersecurity

• Ex-LAPD officer gets life over $350K bitcoin robbery (DC)

• Three men charged over crypto home invasion plot (TB)

• Hacked wallet maker warns AI failed to detect bug (BBG)

Extra Reads

• Spot ETFs, corporate treasuries, and bank custody were supposed to make crypto trade like a grown-up asset class, but it still lurches on a single tweet or press release - Here's why crypto still trades like a rumor mill

Chart of the Day

Daily trading volume across 44 exchanges falls $15B

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.