Good Morning,

Here's a quick preview of today’s content: Scammers make $400K through fake Uniswap ads, UK sanctions crypto firms over Russia ties, TeraWulf acquires Kentucky data center site, Sharplink and Forward Industries join Russell indexes, Crypto industry fights claim that bank charter are illegal, and so much more

Happy Wednesday – Let’s dive in.

Market Snapshot

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  • Bitcoin volatility hits nine-month low as crypto takes breather, stalling near $76,500

    • ETP outflows deepen to $1.5B with BTC ETFs shedding $112M

    • HYPE briefly overtakes DOGE chasing new highs as ETF inflows and adoption accelerate

    • ETH staking queue reaches 3.4M as exit backlog drops

  • Bitcoin mining stocks jump with stablecoin market value at $322B exceeding FX reserves of 95 nations

Prediction Markets

  • Bettors on Polymarket are predicting XRP price in May?

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

Headline Roundup
The major headlines driving crypto markets

  • OKX makes AI skills a part of worker evaluations (BBG)

  • Nine crypto whales dominate Polymarket disputes worth billions (BBG)

  • Founder and CEO of Ondo Finance dies (TB)

  • Trump backs push to expand prediction market authority (TB)

  • China imposes travel limits on AI workers at private firms (DC)

  • Sharplink and Forward Industries join Russell indexes (DC)

  • Robinhood clears approval for $180M WonderFi deal (TB)

  • TD Cowen says crypto bill unlikely to pass this year (TB)

  • Crypto industry fights claim that bank charter are illegal (DC)

  • BitMine makes biggest Ethereum buy in 2026 (DC)

  • Strategy slashes cash reserves to repurchase $1.5B debt (DC)

  • Strive purchases 1,109 bitcoin (CD)

  • Hyperliquid rolls out prediction markets (TB)

  • Binance embeds event trading into its wallet (FM)

  • Ethereum treasuries lean on staking as pressure builds (CT)

  • XRP Ledger deletes NFT junk (CD)

Venture Capital

  • Catena Labs, an AI banking platform, raises $30M led by Acrew Capital and Andreessen Horowitz (FS)

  • Belo, a stablecoin platform, raises $14M led by Tether (FS)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • Bitcoin miner TeraWulf acquires Kentucky data center site (DC)

Launches

  • Base blockchain rolls out gateway for AI (TB)

  • OKX's X Layer launches Exchange OS (TB)

  • Bitget launches RWA platform Reality (TB)

  • Bitwise debuts Canton Network ETP (TB)

  • Umbra launches confidential vesting (TB)

Regulation

  • UK sanctions crypto firms over Russia ties (DC)

  • Spain blocks prediction markets for gambling violations (DC)

  • Indonesia blocks Polymarket (DC)

  • Hong Kong advances crypto advisory (TB)

Cybersecurity

  • Scammers make $400K through fake Uniswap ads (CT)

Extra Reads

  • Five unknown addresses removed 107 Bitcoin worth $8.2M from circulation today, sparking intrigue on social media – Here’s why it was destroyed

Chart of the Day

Bitcoin supply in profit reaches 55%

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.