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Good Morning,

Here's a quick preview of today’s content: Bitget starts withdrawal resumption after $388M exploit, Belarus approves crypto banks, Chainlink launches crypto bridge tech, Coinbase teases Pokémon card packs, Goldman Sachs brings $100B Treasury fund into crypto, 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 +22.3% Gannon’s AI Fund is up +66.3%

  • Bitcoin falls under $83,000 as Trump's Iran snub sends oil and yields higher

    • BTC remains under pressure as Iran denies a report of peace progress, with Nasdaq futures also declining

    • Altcoins unwind Friday's rally as macro risks overshadow ETF demand

    • BTC ETFs draw nearly $3B over seven sessions, with a $2.4B weekly inflow marking the biggest week since October 2025

    • SOL ETFs draw a record $188M in a week, with Bitwise taking two-thirds of the inflows

Prediction Markets

  • Which party will win the U.S. Senate midterm?

  • 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

  • Citi teams with Coinbase for merchants to accept crypto (BBG)

  • California bans officials from issuing meme coins (DC)

  • Tether’s USDT at center of Iran’s shadow banking network (TB)

  • Goldman Sachs brings $100B Treasury fund into crypto (CD)

  • UK Chancellor blasts Farage’s bitcoin account (BM)

  • Strategy sets new holdings record with $143M BTC purchase (DC)

  • Tom Lee's Bitmine buys another $47M of ETH (DC)

  • Blockchain.com eyes $500M IPO (CT)

  • Franklin Templeton brings its tokenized collateral to Bybit (CD)

  • RedotPay completes financial audit (CD)

  • Canadian crypto king represents himself at fraud trial (CT)

  • Strive buys $94.5M in bitcoin (DC)

  • Coinbase teases Pokémon card packs (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

  • Chainlink launches crypto bridge tech (CD)

  • Ondo adds trading for tokenized stocks (TD)

Regulation

  • Crypto PAC spends $11M to oppose Sherrod Brown (CT)

  • Hong Kong expands reporting oversight to crypto firms (CT)

  • Belarus approves crypto banks (BM)

Cybersecurity

  • Bitget starts withdrawal resumption after $388M exploit (TB)

  • Scammers steal $2M in ETH (CT)

Extra Reads

  • After hackers routed $387M from the Bitget breach through THORChain, the exchange's CEO asked the protocol to refuse service to the attacker's known addresses, and THORChain refused, arguing it's no more able to censor a wallet than Bitcoin or Ethereum – Here's the fight over whether DeFi should block stolen funds

Chart of the Day

There’s 13.6x more ETH waiting to be staked than to exit

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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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.