Good Morning,

Here's a quick preview of today’s content: Coinbase CEO works on market structure bill, Strategy spends $2.1B on BTC, Trump Media airdrops crypto tokens to shareholders, Prediction markets smash monthly volume record, Pump.fun unveils fund for early crypto projects, and so much more

Happy Wednesday - 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 +27.14%

• Crypto sinks as trade-war fears spark broad risk-off move

  • BTC slid below $90K, down -6% in two days, as Trump’s Greenland tariff threats reignited selling

  • Deleveraging hit markets, with $700M+ in liquidations and crypto stocks plunging

  • ETF flows flipped negative, with $395M exiting spot BTC ETFs

  • Altcoins weakened: ETH dropped -7%, while SOL, XRP, and ADA posted weekly losses

• Macro pressure intensified, as rising borrowing costs and US-Europe trade tensions weighed on both crypto and equities

Prediction Markets

• Bettors on Polymarket are predicting NBA MVP?

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

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

• Trumps add $1.4B in crypto assets to family fortune (TB)

• Treasury confirms all seized Bitcoin will join reserve (BM)

• Trump Media airdrops crypto tokens to shareholders (DC)

• Strategy spends $2.1B on BTC (DC)

• Prediction markets smash monthly volume record (TB)

• $85M in BTC moved after 13-year dormancy (TB)

• Coinbase CEO works on market structure bill (TB)

• Tom Lee's BitMine adds $108M in Ethereum (DC)

• Delaware Life partners with BlackRock to offer bitcoin exposure (TB)

• Mastercard weighs Zerohash investment after ending takeover talks (CD)

• Most crypto holders want to pay with Bitcoin but rarely do (TD)

• Chainlink expands data streams to cover stock market (CD)

• Crypto mortgages face valuation risks (CT)

• Bitmine wins investor backing to expand share limit (CD)

• TenX adds Tezos to its crypto treasury (CD)

• Trove Markets fallout deepens after token crashes post-launch (TB)

Venture Capital

• Payments infrastructure Pomelo raises $55M Series C co-led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, and others (BBG)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Blockchain provider RedStone acquires Security Token Market and its TokenizeThis conference (CT)

Launches

• Pump.fun unveils fund for early crypto projects (DC)

• Dogecoin Foundation plans DOGE payments and commerce app (TB)

• Former FTX EU specialists unveil Perpetuals.com (CD)

• MegaETH opens mainnet for 'global stress test' (TB)

• Solayer launches $35M ecosystem fund (TB)

• Noble sunsets Cosmos and launches EVM Layer 1 (TB)

• SOL Strategies launches liquid staking token (TB)

• Yield platform Pendle debuts token (CD)

• Clapp Finance launches Flexible Savings (CD)

Regulation

• Polymarket banned in Portugal and Hungary (DC)

• Massachusetts can ban Kalshi sports markets (DC)

• CFTC Mike Selig unveils 'Future Proof' initiative (TB)

• South Korea weighs ending one-bank rule for exchanges (CT)

• Hong Kong opposes stricter crypto licensing (TB)

• UK flags AI oversight gaps that harm financial system (DC)

Cybersecurity

• DeFi platform Makina loses $4M ETH in flash loan exploit (DC)

Extra Reads

• Bitcoin is no longer an outlier, it now behaves more like a macro proxy, one that traders use to express their views on growth, risk appetite, and volatility - Here’s how Wall Street took over the bitcoin options market

• A third-party e-commerce breach exposed order data, enabling phishing attempts without compromising Ledger wallets or self-custody systems - Here’s how a leak led to phishing attempts against Ledger users

Chart of the Day

Ethereum daily transactions hit a new all time high

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.