Good Morning,

Here's a quick preview of today’s content: Robinhood jumps into the S&P 500 before Saylors’ Strategy, Popular Netflix show to launch a token, stocks might take a page out of crypto and trade 24/7, tokeniszed crypto developer accuses WLFI of stealing his funds, Pokemon is taking over, and so much more

☕️ Grab a cup a coffee, we have loads to catch up on - Let’s dive in.

Market Snapshot

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• Crypto markets reversed gains and tumbled after weak U.S. job growth initially sparked rate-cut optimism

  • ETH led the drop, shedding nearly -4% in minutes, while BTC fared better with a milder decline, rallying as much as +4.75%

    • Spot Ethereum ETFs shed $952M over 5 days (CD)

  • BTC briefly surged to $113,000 before reversing after weaker-than-expected US payrolls data

• On-chain flows show $2B in stablecoin inflows and record open interest near all-time highs

• A weekly close above $112,500 is needed to confirm a lasting market bottom

Market Predictions

• Bettors on Kalshi are predicting the Fed Decision in September

• Trade your predictions on a range of events, only on Kalshi

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

• Justin Sun calls for World Liberty Financial to remove his WLFI tokens from a blacklist (TB)

• Netflix show Black Mirror to release a token (BS)

• Robinhood is added to the S&P 500 (DC)

• SOL Strategies receives final approval to list its common shares on the Nasdaq (TB)

• Bank of America calls tokenization the next major vehicle for financial assets (CD)

• Stablecoins like USDt are overtaking Venezuela’s bolívar (CT)

• Popular Polygon dev calls World Liberty Financial the “scam of all scams” (CS)

• Miami-Dade Chairman backs $FUSD to reduce Miami debt crisis (CD)

• Michael Saylor's Strategy was not added to the S&P 500 (CD)

• ARK Invest buys over $23.5M in crypto-related equities across three of its ETFs (CD)

• Bitcoin illiquid supply surpasses 14.3M BTC (CD)

• Over 932,000 ETH now sits in the staking entry queue versus 791,000 ETH in the exit queue (CD)

• NFT market closes its two strongest months since February (CT)

• An Ethereum ICO whale from 2015 moves $645M worth of ETH (DC)

• Stablecoin transactions in the retail segment reach record levels (CD)

• Bitcoin mining difficulty reaches new ATH of 134.7T (CT)

• Tether begins discussions about deploying capital across the gold supply chain (CT)

• Bitcoin mining difficulty reaches new ATH of 134.7T (CT)

• SharpLink Gaming explores staking part of its Ethereum holdings to the Linea network (DC)

• Multicoin Capital managing partner Kyle Samani to serve as chairman for Solana treasury company (BW)

• Hyperliquid opens proposals to issue a USDH stablecoin (DC)

• Exchange Bullish wins a MiCA license in Germany (CD)

• Tether holds talks on investing in gold miners and royalty firms (DC)

• Chinese Bitcoin miner Cango reports a sharp rise in production during Q2 of 2025 (CS)

• Mega Matrix Inc. files a $2B shelf registration with the U.S. SEC (TD)

• SyrupUSDC surpasses $1B in supply (TD)

• MARA Holdings produces 705 Bitcoin in August (CD)

• Blockstream CEO Adam Back says “JPEG spam” undermines Bitcoin’s monetary purpose (CD)

• Crypto exchange LBank partners with CertiK Skynet to strengthen exchange security (CD)

Venture Capital

• Lead Bank, a lender focused on fintech and crypto companies, raises $70M in its Series B round with CONIQ, Greycroft, a16z, and more(TB)

• Wildcat Labs raises $3.5M in a funding round led by Robot Ventures (TB)

• Sora Ventures to raise $1B to bolster Bitcoin treasuries in Asia (DC)

• TLGY Acquisition Corp. and StablecoinX Assets Inc. announce on a new $530M PIPE financing round (TB)

M&A Announcements

• Trump Media & Technology Group Corp. close their purchase agreement with Crypto.com to acquire 684.4M Cronos tokens (TB)

• Thumzup Media plans to set up Dogecoin mining rigs pending acquisition of mining firm Dogehash (TB)

Launches

• Gemini launches staking and perpetual futures contracts for EU (CD)

• Astana Financial Services Authority launches a pilot project allowing firms to pay regulatory fees using stablecoins (BW)

• Bybit launches its BBU division to serve institutional clients (CD)

• Ethereum Layer 2 Linea to launch token (TD)

• Yield Optimizer launches a yoEUR vault, adding momentum to the euro stablecoin trade (BW)

• DEX network Spheron kicks off buyback-and-burn program (CD)

• Elliptic unveils a due diligence product for stablecoins (CD)

• Fireblocks launches stablecoin payments network (TD)

• Itaú Asset Management, Brazil's largest private asset manager, launches crypto-focused division (CD)

• Bybit debuts stablecoin payments for regulatory fees in Kazakhstan’s AIFC (CT)

• Lowkick Studio launches its in-game token on exchanges (CD)

• Paxos submits a proposal to launch USDH, a Hyperliquid-first stablecoin (CT)

Regulation

• SEC and CFTC leaders propose a “24/7 Markets” policy for U.S. securities trading (DC)

• Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars (TB)

• South Korea’s financial authority issues a new guideline on crypto lending services (TB)

• Senate crypto bill adds clause to keep tokenized stocks as securities (CT)

• Belarus seeks to cement role as crypto ‘Digital Haven’ (CD)

• Crypto users in Australia face barriers when engaging with crypto exchanges and businesses (CT)

Cybersecurity

• A crypto developer accuses WLFI of stealing his funds (CT)

• French police detain 7 following crypto kidnap attempt (DC)

• Phishing scams cost crypto users over $12M in August (CT)

• Bunni publishes a post-mortem report on the exploit that resulted in $8.4M in losses (TB)

• Dark web vendors distribute fake Ledger wallet pages targeting crypto users (CS)

Extra Reads

• The next phase of crypto adoption is embedded in everyday payments, rather than gated to traders - Crypto’s future lies in utility that lets payments scale globally

• What was once met with skepticism and doubt is now universally accepted at the highest level - From Jamie Dimon to Donald Trump: Why everyone eventually understands Bitcoin

• Pokémon stands as the highest-grossing media franchise in the world, as investors flocked to platforms that bring tokenization to trading physical cards - Will Tokenization Change Pokémon Forever?

Chart of the Day

BTC has closed above $100K for 122 days in a row

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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.