Good Morning,

Here's a quick preview of today’s content: Treasury says US grabbed $1B in crypto from Iran, Ukrainian officers kidnap crypto entrepreneurs for millions, Coinbase offers global crypto perps trading, Google engineer insider-trades search results, You can read the US Constitution via blockchain, 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 (7/3/25), Gannon’s Crypto Portfolio is up +16.11% Gannon’s AI Fund is up +50.7%

  • Bitcoin ETFs bleed $2.8B in record-breaking nine-day outflow streak and slides to April lows

    • BTC falls out of global top 10 assets as market cap dips below $1.5T

    • ETH, XRP, DOGE lag nine-week stocks rally as crypto diverges from equities amid cooling ETF demand

    • XRP ETFs add $35M while BTC and ETH funds lost $2B in late May

  • Bitcoin little-changed despite record stocks, falling oil, and easing war fears

Prediction Markets

  • Bettors on Polymarket are predicting highest grossing movie in 2026?

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

Headline Roundup
The major headlines driving crypto markets

  • Jamie Dimon says Coinbase CEO is "full of shit" (DC)

  • Treasury says US grabbed $1B in crypto from Iran (DC)

  • BIS and banks build blockchain payments prototype (BBG)

  • $1.3B of BlackRock's IBIT changes hands in dark pool (DC)

  • Google engineer insider-trades search results (CD)

  • Mastercard secures license for tokenized deposits (DC)

  • Crypto firm FalconX files for IPO (CD)

  • ICE holds talks with Hyperliquid to evaluate perps (TB)

  • IREN shares jumps on $1.6B Dell deal (CD)

  • Crypto exchange HTX rejects UK sanction allegations (CD)

  • Grayscale delays IPO plans (CD)

  • You can read the US Constitution via blockchain (DC)

  • Cash App now supports stablecoins (DC)

  • DTCC brings tokenized assets to Stellar (CD)

  • Grayscale Hyperliquid ETF negotiates $115M investment (TB)

  • Bit Digital buys $20M worth of Ethereum (CT)

  • Crypto card monthly volume surges 230% (CT)

  • French company abandons crypto treasury strategy (CT)

  • Sequans completes bitcoin treasury unwind (TB)

  • DDC buys Bitcoin twice in one week (BM)

  • Cardano cancels summit after funding falls short (TB)

  • Singapore charges ex-CEO over claims tied to Terra collapse (TB)

Venture Capital

  • Crypto exchange Coinone secures $106M by OKX Ventures and Korea Investment & Securities (CD)

  • Nala, a stablecoin infrastructure, secures $50M in debt financing by Liquidity Capital (FS)

  • TownSquare, a stablecoin platform, raises $16.25M from World Liberty Financial, OKX, Aptos, Auros and angels from a16z (CG)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • Samsung units acquire $408M stake in Upbit operator Dunamu (TB)

  • Aztec Labs acquires privacy protocol ZKPassport (TB)

Launches

  • Coinbase offers global crypto perps trading (DC)

  • CME launches 24/7 crypto futures and options (TD)

  • SoFi launches stablecoin across Ethereum and Solana (DC)

  • Robinhood opens platform for AI to trade (DC)

  • Gemini launches AI data powered by Grok (TB)

  • VanEck debuts first BNB ETF (TB)

  • Kalshi adds index tracking political parties (BBG)

  • Wintermute extends into prediction markets (TB)

Regulation

  • Fed’s Waller says stablecoins broaden reach of US policy (BBG)

  • CFTC undos settlement that made Gemini pay $5M (BBG)

  • White House reviews prediction-market rule (CD)

  • SEC sues Privvy over $12M crypto scheme (TB)

  • Kalshi sues Minnesota (DC)

  • Florida candidate liquidates $800K to bankroll congress bid (DC)

  • Paxos secures SEC registration as clearing agency (DC)

  • Crypto PACs spend $9M in Texas and score wins (CD)

Cybersecurity

  • Ukrainian officers kidnap crypto entrepreneurs for millions (DC)

  • Celsius founder files to have crypto fraud sentence vacated (DC)

  • Meme coin surges after creators arrested over rug pull (DC)

  • Argentine prosecutors seize $8M in crypto-fraud sweep (TD)

  • Miami IT worker arrested in $1.9M bitcoin theft (BM)

  • Retired couple lose $76k to Bitcoin ATM scam (BM)

Extra Reads

Chart of the Day

Bitcoin’s volatility is gradually converging with gold

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.