Good Morning,

Here's a quick preview of today’s content: North Korea's Lazarus Group suspected in $30M Upbit hack, UK cracks down on crypto tax avoidance, Conor McGregor calls out Khabib over NFTs, Crypto industry pledges $3M to victims of Hong Kong fire, FC Barcelona criticized for $22M deal with crypto firm, 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 (7/7/25), Gannon’s Crypto Portfolio is up +26.23%

• Crypto markets rebound as December rate-cut odds revive risk appetite

  • Bitcoin briefly hit $93K before crashing -5% in ‘Sunday slam’ as liquidations surge to $539M

  • Spot BTC ETFs broke a four-week outflow streak with $70M in inflows, as ETH ETFs saw their first net-positive week since October

  • ETF flows added $220M as BTC’s 2022-style correlation hit 98%

• Analysts see a “promising” setup for early 2026 despite BTC’s worst November in seven years

Prediction Markets

• Bettors on Polymarket are predicting UEFA Champions League winner?

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

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

• Nasdaq quadruples trading limits on BlackRock's IBIT ETF (DC)

• JPMorgan accused of rigging the game against Strategy (CT)

• Trump family-linked Alt5 Sigma ousts top execs (CD)

• SpaceX transfers $105M BTC to unmarked wallets (TB)

• FC Barcelona criticized for $22M deal with crypto firm (DC)

• OpenAI confirms data breach (DC)

• Do Kwon requests 5-year prison term in Terra fraud case (TB)

• Ark Invest loads up on Coinbase, Circle and Bitcoin ETF shares (DC)

• Bitcoin ETFs are BlackRock’s top revenue source (CD)

• Tom Lee cools out on $250K Bitcoin call (CT)

• Conor McGregor calls out Khabib over NFTs (CT)

• Crypto industry pledges $3M to victims of Hong Kong fire (CT)

• Visa doubles down on stablecoins with new partnerships (CT)

• CME halts trading, sparking public outcry (CT)

• BitMine buys $44M worth of Ethereum (TB)

• Nasdaq pledges to move fast on tokenized stocks (CT)

• Coinbase eyes RWA perpetuals in investment outlook (TB)

• Tether CEO slams S&P ratings agency (CT)

• CoinShares withdraws filing for staked Solana ETF (CT)

• Monad token extends slide amid profit-taking (DC)

• Ethereum raises block gas limit to 60M (TB)

• Animoca Brands to focus on stablecoin and RWA in 2026 (TB)

• CleanSpark reports record revenue for 2025 (TB)

• Tokenized money market funds surge to $9B (CT)

• Tether shutters Uruguay mining operation (DC)

• Vitalik Buterin donates $765K in ETH to messaging apps (DC)

• Stablecoins drive 90% of Brazil’s crypto volume (CD)

• BNB Chain appoints new Director of Growth (CD)

• DEX Terminal Finance abandons launch after chain fails (TB)

• South Korea's KakaoBank advances stablecoin initiative (TB)

• Swiss bank AMINA trials Google’s Ledger for payments (CD)

• Bhutan stakes $970K ETH via Figment (CT)

• Bitcoin miner Hive opens door to $300M stock sales (TB)

Venture Capital

• Naver and Dunamu invest $6.8B into financial infrastructure that builds on top of AI and blockchain (TB)

• Privacy-computing startup Zama raises $150M in funding led by Pantera Capital and Multicoin Capital (PX)

• Upexi, a DAT company centered on SOL, prices a private placement up to $23M in common stock and warrants (TB)

• UAE sports-focused blockchain Atleta raises $15M investment from Bolts Capital (MB)

• Gonka, a decentralized GPU compute network, raises $12M through Bitfury’s strategic purchase of 20M GNK tokens (VB)

• SpaceComputer, a startup that uses satellites for blockchains, raises $10M seed round co-led by Maven11 and Lattice, with participation from Superscrypt, and others (TD)

• On-chain infrastructure startup Maha raises $9.5M led by Polychain Capital and an earlier $7.5M round led by Hashed, Tribe Capital, and Portal Ventures (X)

• Berachain CEO pushes back on terms of investor’s refund deal (TD)

• Seven deals made up 50% of Q3 crypto VC activity (TD)

M&A Announcements

• Naver Financial officially confirms merger with Upbit crypto exchange (TB)

• Robinhood acquires 90% stake in derivatives exchange LedgerX, in partnership with Susquehanna International Group (DC)

Launches

• Robinhood launches derivatives exchange (TB)

• JPMorgan introduces structured note linked to IBIT (CD)

• Bitwise rolls out Dogecoin ETF on the NYSE (TB)

• Grayscale files to launch first-ever Zcash ETF (TB)

• Binance introduces service for high-net-worth crypto investors (CD)

• Coinbase reveals crypto ideas to bankroll in 2026 (CT)

• Bitwise adds staking to Avalanche ETF (CD)

• Strategy unveils new credit gauge (CT)

• Kyrgyzstan launches gold-backed stablecoin (CD)

• Bonk launches ETP in Europe (DC)

• DWF Labs launches $75M DeFi investment fund (TB)

• Xapo Bank expands Bitcoin credit fund (TB)

• Amundi tokenizes money market fund on Ethereum (TB)

• São Paulo pilots blockchain-based microloans for farmers (CD)

• Truther launches USDT Visa card (CD)

• LBank launches 0-fee spot trading (CD)

• Houdini Swap launches Houdini Pay (CT)

• Staking firm KR1 debuts on LSX (CD)

Regulation

• House Dems call Trump’s White House ‘world’s most corrupt crypto startup operation’ (DC)

• US AI and data firms testify in Chinese AI espionage probe (DC)

• China's central bank reaffirms crypto ban (TB)

• New UAE law cements country’s crypto position (CD)

• Australia to fold crypto platforms into financial licensing regime (TB)

• Spain’s junior ruling party proposes 47% crypto tax (CT)

• Switzerland delays crypto tax info sharing until 2027 (CT)

• Ripple’s RLUSD wins regulatory green light in UAE (CD)

• KuCoin's European arm wins MiCA in Austria (CD)

• Blockrise wins Dutch MiCA license (CT)

• South Korea tightens crypto travel rule (FM)

• Uzbekistan green lights stablecoins for payments (CT)

• El Salvador timestamps government docs on blockchain (BM)

• FCA trials crypto transparency templates (CT)

• XTB demands crypto law from Polish President (FM)

• Nevada court ruling impacts prediction markets (CD)

Cybersecurity

• $11M crypto looted in home invasion targeting Sam Altman’s ex (CD)

• North Korea's Lazarus Group suspected in $30M Upbit hack (TB)

• South Korean police indicted in $186M crypto-laundering case (DC)

• Malware Chrome extension siphoned fees from SOL traders (DC)

• $3M ETH sent to Tornado Cash following attack (TB)

• US investigates Bitmain as national security risk (DC)

• Justin Sun doubles down on First Digital fraud allegations (CD)

• Edel Finance-linked wallets ‘snipe’ 30% of token supply (CT)

Extra Reads

• With the holiday season just around the corner, it’s time to start piling presents under the tree, so here’s the best options for the crypto fan in your life - Here’s the crypto holiday gift guide

• Despite ETF hype, central banks and asset allocators continue to choose gold over crypto for reserve and trade purposes - Here’s why gold Is winning over Bitcoin

Chart of the Day 😬

Bitcoin has underperformed the Nasdaq on 70% of days in the past month

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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.