Good Morning,

Here's a quick preview of today’s content: Both binance and Kraken crypto exchanges make new acquisitions, Coinbase launches a new stablecoin payments platform for businesses, Australia announces new rules on crypto ATMs, and so much more

It’s finally Friday – 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 (7/7/25), Gannon’s Crypto Portfolio is up +47.43%

  • Bitcoin slipped under $110,000 Thursday, with options data showing that traders are hedging for further downside

    • The drop triggered $524M in liquidations as the total crypto mcap fell -3.1% to $3.85T

    • Stablecoin market cap hits a record $314B

  • Investors remain cautious amid escalating geopolitical tensions and speculation over a Fed rate cut

Market Predictions

  • Bettors on Kalshi are predicting when will Bitcoin hit $150k?

  • Trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Headline Roundup
The major headlines driving crypto markets

  • Eric Trump says the Trump family has made over $1B from crypto (DC)

  • JPMorgan says crypto native investors likely behind recent market correction (TB)

  • BNY Mellon explores stablecoin infrastructure but not committed to token launch (CD)

  • Visa reports stablecoins originated $670B in lending over five years (DC)

  • Grant Cardone adds another 200 BTC to his holdings (BM)

  • KPMG says stablecoins can drive down transaction costs by 99% (CD)

  • Crypto execs attend fundraising dinner at White House (CT)

  • Newsmax builds a treasury centered on Bitcoin and Trump’s meme coin (DC)

  • CME Group logs $900B in crypto derivatives volume in Q3 (BW)

  • JPMorgan says Bitcoin network hashrate fell 5 EH/s in early October (CD)

  • Tether donates $250k to OpenSats to support Bitcoin tech projects (BM)

  • Solana treasury firm DeFi Development boosts SOL holdings nearly 5% (TB)

  • OKX expands partnership with Standard Chartered into Europe (TB)

  • Tether selects its board of directors for Juventus football club (CT)

  • Strive’s crypto merger with Semler Scientific faces shareholder lawsuit (CT)

  • Meme coin market cap falls to levels last seen in July (CT)

  • Brevis achieves 99.6% proving of ETH blocks using consumer GPUs (CT)

  • Perp DEX Lighter distributes points to users affected by outage (TD)

  • Real estate firm Caliber purchases $2M Chainlink tokens (TB)

  • SharpLink sells $76.5M worth of shares to purchase ETH (DC)

  • Crypto social app Farcaster hits 100K+ funded wallets (BW)

Venture Capital

  • Bitcoin miner Bitfarms looks to raise $300M in an offering of unsecured convertible notes (TB)

  • Daylight Energy, a DePIN startup, raises $15M in equity led by Framework Ventures, a16z, and more, along with a $60M project facility led by Turtle Hill Capital (BW)

  • Better Payment Network, a stablecoin payment company, secures a $50M seed round led by YZi Labs (TB)

  • Andreessen Horowitz’s a16z invests $50M in Jito, a Solana-based staking and infrastructure protocol (BW)

  • Blockchain-based financial services company Telcoin raises $25M through pre-Series A to launch the Telcoin Digital Asset Bank, the first regulated blockchain bank in the US (PL)

  • Temple Digital Group, a startup building a trading platform for crypto, raises $5M via seed funding led by Paper Ventures (PN)

M&A Announcements

  • Kraken purchases US contract market Small Exchange for $100M from British finance group IG (DC)

  • Binance completes the acquisition of South Korean crypto exchange Gopax (TB)

  • Fintech Ripple acquires corporate treasury management firm GTreasury for $1B (DC)

  • Institutional crypto staking firm Figment acquires Rated Labs, a staking and validator analytics platform (BW)

Launches

  • Coinbase launches stablecoin payments platform for businesses (DC)

  • BlackRock launches GENIUS-compliant money market fund tailored for stablecoin issuers (TB)

  • US Bank launches crypto and money movement division (BM)

  • Steak 'n Shake debuts 'Bitcoin Steakburger' with BTC logo emblazoned on bun (DC)

  • Crypto bank Anchorage Digital adds global USD wire transfers (TB)

  • MoonPay launches unified crypto payments platform (CD)

  • Chainlink launches its real-time oracle on MegaETH (TB)

  • Crypto exchange WazirX to reopen following its restructuring scheme (CD)

  • Seascape launches first tokenized BNB treasury strategy (CD)

  • Bybit Kazakhstan debuts first-ever QR-based crypto payment (CD)

  • Euler teases launch of synthetic dollar product (BW)

  • HIP-3 launches on mainnet bringing equity perps to crypto (BW)

  • TRX staking rolls out on Ledger Live (CD)

  • Ventuals launches its HYPE liquid staking vault (TD)

Regulation

  • SEC Commissioner Peirce says tokenization is a “huge focus” for the agency (TB)

  • Philippine bill seeks to mandate blockchain-based tracking of government spending (DC)

  • Federal Reserve Gov. Barr warns of gaps in recently passed GENIUS stablecoin law (TB)

  • FSB warns of 'cascading failures' due to crypto regulatory arbitrage (DC)

  • Dubai moves to regulate machine economy with DePIN network (CT)

  • French exchange wins license to launch Europe’s first tokenized stock exchange (CD)

  • Florida proposal puts Bitcoin and ETFs on slate for state and pension funds (TB)

  • Bank of England clarifies plan to limit stablecoins is temporary (CT)

Cybersecurity

  • London police arrest five in $1.3M crypto fraud investigation (DC)

  • Australia announces new rules on crypto ATMs linked to money laundering and scams (DC)

  • Fetch.ai accuses Ocean Protocol of mishandling ASI tokens (CT)

Extra Reads

Chart of the Day

Bitcoin is down -3.12% this month, making it the first red October since 2018

Meme Dump

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

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.