Good Morning,

Here's a quick preview of today’s content: US seizes over $25M tied to crypto romance scam, Crypto PAC pours $1M into Michigan race, Jack Dorsey's Block launches Buzz, SEC reaches settlement with Coinbase from Gensler era, Tesla holds bitcoin treasury steady, and so much more

Happy Thursday – Let’s dive in.

Market Snapshot

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  • Bitcoin holds near $66,000 as chips extend their rally and the yen hits a 40-year low

    • BTC ETFs extend their inflow streak to six days with $203M added

    • Tokenized equity perps drive RWA trading to $470B monthly volume, with tokenized stocks hitting record at $2.3B

    • Crypto employs 34,000 in the US and contributes $55B to the economy

  • Bitcoin avoids major Iran jitters as stocks claw back from a big early decline

Prediction Markets

  • Bettors on Polymarket are predicting Clarity Act signed in 2026?

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

Headline Roundup
The major headlines driving crypto markets

  • Clarity Act draft bars Trump from crypto ventures (DC)

  • Winklevoss Twins donate $10M to Trump PAC (BM)

  • Lawmakers say Clarity Act falls short on ethics (CD)

  • AI models escape OpenAI and hit Hugging Face (CD)

  • SEC reaches settlement with Coinbase from Gensler era (TB)

  • Franklin Templeton says AI is crypto's 'killer use case' (DC)

  • Anthropic joins UK AI regulatory sandbox (CT)

  • Justin Sun's HTX moves amid sanctions (DC)

  • Tesla holds bitcoin treasury steady (CD)

  • Revolut hits $115B valuation in employee share sale (CD)

  • Kraken parent company makes moves to offer xStocks (DC)

  • Violent crypto attacks rise as criminals hunt bigger payouts (BBG)

  • Clarity Act’s impact on Circle could be negative (TB)

  • Robinhood Chain overtakes Base on active users (TD)

  • BitGo and OTC Markets plan tokenized securities access (CT)

  • SecondFi shuts down after wallet theft (CD)

  • Zhibao takes 3,500 BTC in PIPE financing (BM)

  • Ostium reopens trading after exploit (TD)

Launches

  • Jack Dorsey's Block launches Buzz (DC)

  • Talos brings trading tools to Kalshi (CT)

  • Ramp adds stablecoin accounts (TD)

  • Lightning Labs launches Wavelength (BM)

Regulation

  • SEC's Peirce warns vault builders against twisting law (TB)

  • BIS warns stablecoins evade capital controls (TB)

  • Crypto PAC pours $1M into Michigan race (CT)

  • Polymarket plans legal challenge in France (TB)

Cybersecurity

  • US seizes over $25M tied to crypto romance scam (DC)

  • Crypto wrench attacks total climbs to 52 (TB)

  • Balance stablecoin collapses after $1M exploit (CD)

  • Zilliqa halts transactions over bug (TB)

Extra Reads

Chart of the Day

Bitcoin long-term holder supply hits 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.