Good Morning,

Here's a quick preview of today’s content: South Korea’s tax office leaks wallet seed and loses $4.8M, Minnesota weighs total ban on crypto ATMs, Banking giant Barclays mulls crypto payments push, DOJ seized $580M in crypto from Chinese criminals, JPMorgan says crypto market bill could be approved by mid-year, 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 +3.3%

• Bitcoin whipsaws as US-Israel airstrikes on Iran trigger war-driven volatility

  • BTC tops $68,000 after Iran confirms leader killed in strikes, recovering from weekend plunge

  • ETH, SOL, and XRP surge up to +10% recovering Saturday's war-driven losses, while XRP later tumbles -9% and SOL, DOGE drop -6%

  • BTC ETFs snap 5-week outflow run with $1.1B inflows over three days

• Bitcoin manipulation claims face pushback as tepid recovery continues despite geopolitical turmoil

Prediction Markets

• Bettors on Polymarket are predicting next Supreme Leader of Iran?

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

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

• Trump orders agencies to dump Anthropic after Pentagon dispute (DC)

• Senators urge DOJ to probe Binance's illicit finance controls (TB)

• Morgan Stanley files for bank charter to custody crypto (TB)

• JPMorgan says crypto market bill could be approved by mid-year (TB)

• Trump Media weighs Truth Social spinoff following crypto moves (DC)

• Judge blocks Binance bid to force crypto claims into arbitration (TB)

• Banking giant Barclays mulls crypto payments push (DC)

• SpaceX’s $780M bitcoin stack now down to $545M (CD)

• DOJ seized $580M in crypto from Chinese criminals (DC)

• X to label paid promos but prohibits crypto promos in EU (CT)

• World Liberty ties voting power to staking as supply tops $4.7B (CD)

• Polymarket Iran bets hit $529M as new wallets win big (BBG)

• Suspected insider wallets rack up $1.2M on Axiom’s exposure (CT)

• Kalshi CEO defends Khamenei market design after backlash (TB)

• Vitalik Buterin lays out plan to overhaul Ether's execution (TB)

• Crypto treasury companies likely to consolidate in 2026 (CD)

• Strategy lifts dividend to 11.5% (CD)

• TeraWulf misses Q4 estimates as mining revenue falls (CT)

• Sora-backed Bitplanet reaches 300 BTC (BM)

• Magic Eden pulls plug on Bitcoin and Ether support (DC)

• Pantera and Franklin Templeton join Sentient to test AI (CT)

Venture Capital

• Japanese yen stablecoin issuer JPYC raises $114M Series B led by Asteria Corp with participation from JR West Japan Innovations, directX Ventures and several others (PT)

• Digital infrastructure startup Zetrix secures $40M financing from the World Bank’s investment arm (FK)

Access the complete VC deal flow on Fundable.

Launches

• MoonPay unveils framework for stablecoins tied to PayPal (TB)

• Backpack offers equity to users that stake its token (DC)

• Alchemy introduces autonomous payment rails for AI agents (CT)

Regulation

• Minnesota weighs total ban on crypto ATMs (DC)

• Spain pushes for launch of digital euro to curb US reliance (BBG)

• UK gambling regulator weighs crypto payments for online betting (CD)

• Coinbase says states are 'gaslighting' on prediction markets (CD)

• Online broker says Poland’s crypto gridlock risks expansion (BBG)

Cybersecurity

• Former Mt. Gox CEO proposes hard fork to recover $5.2B (TB)

• South Korea’s tax office leaks wallet seed and loses $4.8M (DC)

• Tether froze $4.2B in tokens tied to illicit activity (CT)

• Two arrested after South Korean police lose $1.4M in Bitcoin (CT)

• AI tool catches Ledger bug that could have drained wallets (CD)

Extra Reads

• Attention has shifted to whether the Iran conflict remains contained, as Bitcoin traders weigh elevated oil prices and a rising gold price - Here’s what the Iran conflict means for Bitcoin

• The EU’s new crypto tax rules will require platforms to report user data and transactions, reshaping tax transparency for crypto - Here’s how the EU’s crypto tax rules are expected to work

Chart of the Day

Panic selling accelerates amid rising tensions between the US and Iran

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.