Good Morning,

Here's a quick preview of today’s content: Indiana police recover stolen Bitcoin mining rigs and $75K worth of frozen turkeys, Democrat seeks crypto trading ban for politicians, Western Union to launch Solana-based dollar stablecoin, Nigeria capital markets suffer as crypto gambling outpaces investing, 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 +42.70%

• A late-session selloff sent crypto prices lower, even as US equities reached new highs

  • Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut, while price volatility hits historic lows

  • Major tokens - ETH, SOL, and BNB - slipped around -2%, though BTC still holds a +5.8% weekly gain

• Analysts note the Fed’s dovish tilt amid a government shutdown could stabilize markets, but warn of leverage-driven volatility ahead

Market Predictions

• Bettors on Kalshi are predicting pro baseball champion?

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

• Sign up with code LIT and get a $20 bonus when you trade $100

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

• Trump Media unveils prediction market Truth Predict (BW)

• BlackRock’s iBIT ETF receives $28.1B in 2025, the only fund with positive YTD inflows (CT)

• Democrat seeks crypto trading ban for politicians (DC)

• Solana meme coin Chill House surges after its X account insults crypto founders (DC)

• Coinbase disrupts Bitcoin backed lending with low bar for servicing Americans (DC)

• BlackRock CEO Larry Fink describes crypto and gold as "assets of fear" (DC)

• Figment and Coinbase Prime expand their partnership to support PoS networks (BW)

• Kalshi sues NY regulators after Crypto.com's Nevada loss (DC)

• Tether publishes its Q3 attestation for its Tether Gold tokens (TB)

• New ETFs tracking Litecoin, Hedera and Solana generate $65M in day-one volume (TB)

• Cathie Wood's Ark Invest buys $31M worth of Block Inc. shares (TB)

• TeraWulf and Fluidstack to develop an AI data center in Texas (TB)

• SharpLink Gaming deploys $200M worth of Ether onto Linea (BW)

• Nigeria capital markets suffer as crypto gambling outpaces investing (BBG)

• 20% of crypto holders in the UAE use wealth managers (CD)

• Hyperliquid and BNB Chain capture majority of L1 fees (TB)

• DEX Terminal Finance reaches $280M in pre-launch deposits (CD)

• Bitcoin treasury firm Strive adds 72 BTC (CD)

• Metaplanet starts share buyback program to address mNAV decline (TB)

• F2Pool co-founder says Bitcoin soft fork is ’a bad idea’ (CT)

• ‘Runaway bot’ sends HYPE token to $98 in one minute (DC)

Venture Capital

• Shipping company OceanPal Inc. completes a $120M PIPE to launch a subsidiary focused on building crypto and AI infrastructure, led by Kraken, Proximity, Fabric Ventures, and others (TB)

• Health sciences firm Prenetics Global secures $48M in an oversubscribed equity round to accelerate its Bitcoin treasury strategy, led by Kraken, Exodus, GPTX, DL Holdings, and more (TB)

• VC firm a16z leads a $12.9M funding round for ZAR, a fintech startup aiming to make dollar-backed stablecoins accessible to consumers in emerging markets (CT)

• Turtle, a protocol focused on on-chain liquidity distribution, raises $5.5M led by Bitscale VC, Theia, Trident Digital, and more (PS)

M&A Announcements

• Securitize, a platform for tokenizing RWAs, to go public in an SPAC deal with Cantor Equity Partners II, valuing the firm at $1.25B (BW)

• Coinbase completes more than 40 high-profile mergers and acquisitions (CT)

Launches

• SoFi to launch Bitcoin and crypto trading (BM)

• Visa to add support for four stablecoins on four unique blockchains (TB)

• Western Union to launch Solana-based dollar stablecoin (BW)

• Polymarket to go live in US by late November (TB)

• Circle opens its Arc testnet with with over 100 institutional participants (DC)

• MetaMask launches multichain accounts, allowing users to manage EVM and non-EVM addresses (TB)

• Ethereum's Fusaka hard fork activates on final testnet (TB)

• Evernorth nears launch of publicly traded XRP treasury (CT)

• Crypto staking company KR1 to list on the LSX (CD)

• Japanese payment provider TIS rolls out multi-token platform with Avalanche (CD)

• Crypto exchange Gate reinvents as a full Web3 operating system (DC)

• Bitget Wallet adds HyperEVM support, giving users access to Hyperliquid (TB)

• Myriad launches on BNB Chain (DC)

Regulation

• France proposes National Bitcoin Reserve to buy 2% of BTC supply (BM)

• Australia’s financial regulator flags broader oversight of crypto under updated guidance (DC)

• Bank of Korea warns on stablecoin depeg risks (DC)

• PBOC Governor warns on stablecoin risks (BBG)

• Venezuela’s stablecoin use case grows amid war threats and ongoing sanctions (CT)

• Crypto casinos face new UK regulations (CD)

• Norwegian tax authority sees +30% jump in crypto reporting (CT)

Cybersecurity

• Indiana police recover stolen Bitcoin mining rigs and $75K worth of frozen turkeys (DC)

• White House says Bitfinex hacker Heather Morgan’s release wasn’t them (CD)

• Bitcoin Knots fails to DoS attack the Bitcoin network (BM)

Extra Reads

• Despite three straight bullish years for Bitcoin and a maturing market shaped by ETFs, volatility remains low and sentiment far from euphoric conditions rarely seen at major tops - Has Bitcoin peaked this cycle or is there more fuel in the tank?

• With the right workflow, data feeds and prompts, ChatGPT can generate structured market summaries, flag risk clusters and support smarter decision-making - Here’s how to turn ChatGPT into your personal crypto trading assistant

Chart of the Day

Number of addresses holding +100 BTC hits 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.