Good Morning,

Here's a quick preview of today’s content: CFO arrested after losing $35M company money in crypto, Kazakhstan invests $350M in crypto assets, Bank of Canada issues country’s first tokenized bond, Elizabeth Warren blasts SEC over Justin Sun case, Binance terrorism lawsuit dismissed as judge signals plaintiffs could refile, 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 +2.51%

• Bitcoin dives below $66,000 as US loses 92K jobs in February and dollar posts steepest weekly gain in a year

  • BTC ETFs shed $228M, ending relief rally despite posting second straight weekly inflows

  • ETH and DOGE slide, with derivatives data pointing to cautious positioning

  • Market cap drops -3% to $2.4T while tokenized assets exceed $25B after quadrupling in a year

• Fear and Greed Index falls back to 'extreme fear' levels as Bitcoin's correlation with stocks surges amid volatility

Prediction Markets

• Bettors on Polymarket are predicting will stablecoins hit $500B before 2027?

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

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

• Trump’s World Liberty Financial project puts investors in a bind (BBG)

• Binance terrorism lawsuit dismissed as judge signals plaintiffs could refile (TB)

• Kalshi and Polymarket each explore fundraising at $20B valuations, double previous rounds (TB)

• Elizabeth Warren blasts SEC over Justin Sun case (TB)

• Dems plan bill to curb prediction markets after Iran bets (CT)

• Alibaba-linked AI agent hijacks GPUs for unauthorized crypto mining (TB)

• Jack Mallers' Strike secures New York crypto license (TB)

• First state-level stablecoin bill passes in Florida (DC)

• Tether donations to UK party reaches $16M (TB)

• Trump’s National Cyber Strategy pledges to support crypto and blockchain (CT)

• Bank of Canada issues country’s first tokenized bond (CT)

• Stablecoin firms bet big on AI payments that barely exist (BBG)

• Nigel Farage confidant linked to $550K loss on Polymarket bet (DC)

• Dubai orders KuCoin to stop offering services to residents (DC)

• US Treasury report acknowledges uses of crypto mixers (CT)

• Latin American crypto user growth outpaces US by 3x (CD)

• CleanSpark, Cango and BitFuFu produce 1,250 BTC in February (TB)

• BlockFills explores restructuring after halting withdrawals (TB)

• Brazil's Pix instant payments system expands to Argentina (CT)

Venture Capital

• OmniPact, a decentralized startup, raises $50M private funding from undisclosed investors and family offices (BI)

• Base58 Labs, a London crypto startup, raises $35M Pre-Series A from undisclosed investors (EX)

• Utexo, a blockchain startup, raises $7.5M seed round led by Tether, Big Brain Holdings, and Portal Ventures (PX)

Access the complete VC deal flow on Fundable.

Launches

• Coinbase Prime rolls out margin for derivatives (TB)

• First spot Polkadot ETF launches in US (TB)

• OKX debuts social platform linking posts to trades (DC)

Regulation

• Kazakhstan invests $350M in crypto assets (DC)

• Kalshi sued over refusing to pay Iran prediction market (DC)

• Russia mulls simplified crypto exchange licensing for banks (TB)

• Pakistan formalizes crypto regulatory authority (TB)

• Vancouver moves to close Bitcoin reserve proposal (DC)

Cybersecurity

• CFO arrested after losing $35M company money in crypto (DC)

• Curve Finance accuses PancakeSwap of copying its code (CT)

Extra Reads

• Traders are moving beyond sports bets and elections to price "unpriceable" geopolitical and policy risks that standard financial tools can’t handle - Here’s how prediction markets are turning into a professional hedging tool

• Social media mentions of "altseason" have dropped to their lowest level in two years, a contrarian signal that has preceded previous rallies in speculative crypto assets - Here’s why nobody talking about altseason is bullish

Chart of the Day

The stablecoin market cap hit a new all-time high of $313B

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.