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Here's a quick preview of today’s content: X sues UK duo over crypto payout fraud, Hana Bank issues South Korea’s first digital bond, ECB prepares to invest in tokenized securities, Strategy buys 950 bitcoin for $76M, Companies test if fruit fly brain can mine bitcoin, and so much more

Polymarket recently launched Polymarket Institutional Research, a publication exploring the intersection of prediction markets with the global financial system. It's proprietary research straight from their institutional desk with super valuable insights for public market investors. You can read their latest piece here.

Happy Tuesday – 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 +25.3% Gannon’s AI Fund is up +62.3%

  • Bitcoin reaches its highest level since January, hitting $87,000 as a short squeeze forces out $648M in bearish bets

    • ETF flows turn positive with crude sinking -8%

    • NEAR jumps nearly +80% in a week fueled by ZEC swap traffic

  • Traders pile into leveraged bets as the rally accelerates, blasting past the Clarity Act failure

Prediction Markets

  • How will the Heisman race shape out?

  • Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

Headline Roundup
The major headlines driving crypto markets

  • Apple and Google hunt for crypto talent (DC)

  • Crypto worker's children held hostage in French attack (DC)

  • Companies test if fruit fly brain can mine bitcoin (DC)

  • Coinbase brings IPO shares to US traders (DC)

  • Saudi Arabia exits China-backed CBDC project (CT)

  • Strategy buys 950 bitcoin for $76M (TB)

  • Crypto PAC targets Sherrod Brown with $30M (DC)

  • ECB prepares to invest in tokenized securities (DC)

  • Russian crypto industry to operate by year-end (BM)

  • Tom Lee's Bitmine adds $74M in ETH (DC)

  • Strive adds 1,355 bitcoin (TB)

  • Kalshi faces fake crypto volume allegations (CD)

  • World Liberty opens vote on rewards (TD)

  • ZetaChain votes to wind down (TD)

A Message from Polymarket

CONVERGENCE?

What’s really driving the SpaceX – Tesla merger odds?

Elon Musk has a long history of rolling up his companies. X.com and Paypal (2000), Solar City and Tesla (2016). xAI and X.com (2025) and SpaceX and xAI in February of this year.  

For nearly a decade Elon has insisted that there was “not a strong rationale” to merge Tesla with SpaceX. But in November we started to hear a different tune. “My companies are, surprisingly in some ways, trending towards convergence,” Elon posted in November of 2025. 

Will 2027 be the year of the Elon giga-merger? 

Read more at Polymarket Institutional Research -> 

Launches

  • Circle launches USDC borrowing (CT)

  • Ondo lets institutions tokenize stocks (CT)

Regulation

  • OCC gives Catena approval for trust bank (TD)

  • Bank of Korea launches won settlement pilot (CT)

  • Hana Bank issues South Korea’s first digital bond (CD)

Cybersecurity

  • X sues UK duo over crypto payout fraud (TB)

Extra Reads

  • Killing the bill didn't stop crypto regulation, it just moved it out of Congress and into the agencies, with the SEC already issuing a tokenized-stock exemption and the CFTC sending new rules to the White House – Here's what happens now that the Clarity Act is dead

Chart of the Day

Strategy was the Nasdaq-100’s top performer over the past month

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.