Together with

Good Morning,

Here's a quick preview of today’s content: Trezor data breach hits 67,000 more customers, South Korea starts tokenizing 'all types' of securities, Polymarket launches crypto futures, Crypto project funds student loans on-chain, Bitcoin hack drains $320M from crypto network, and so much more

Looking for institutional guidance on your firm's crypto strategy? Speak to the team at Alvarez & Marsal Crypto. They offer comprehensive advisory services on everything from stablecoin adoption, tokenization and custody to M&A, compliance and risk. Book a call!

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 +23.9% Gannon’s AI Fund is up +60.2%

  • Bitcoin drops below $80,000 as a blowout August jobs report revives Fed rate-hike bets

    • BTC struggles as whales flip into selling, with a weekend altcoin rally running out of road

    • BTC ETFs report their largest inflow day since Jan at $731M

    • ZEC tops $1,000 to hit its highest price in nearly a decade

  • Middle East crypto activity triples to $350B, while UBS and Jane Street are among firms holding a combined $75M in HYPE ETFs

Prediction Markets

  • Football’s back with a week 1 Super Bowl rematch

  • 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

  • OpenAI chief warns AI needs to slow down (DC)

  • Hunter Biden launches a memecoin (DC)

  • Bitcoin hack drains $320M from crypto network (BBG)

  • AMC CEO calls Robinhood stock tokens 'vile' (DC)

  • OpenReserve gets approval for national bank (DC)

  • Crypto firms urge SEC to speed ETF reviews (TB)

  • Sheriff’s association shifts stance on Clarity Act (CD)

  • DBS and Citi complete first weekend USD payment (TB)

  • Satoshi-era Bitcoin wakes after 16 years (CT)

  • Study finds dollar stablecoins push currencies lower (CD)

  • Solana triples transaction size (CD)

  • Capital B buys $29M in bitcoin (TB)

  • Crypto project funds student loans on-chain (DC)

  • Harmony sunsets its blockchain (TB)

  • Tether-backed Orionx shuts down (CT)

  • Router Protocol shuts down (TB)

A Message from Alvarez & Marsal Crypto

A&M Crypto: Institutional Digital Asset Advisory, Executed at Scale

Alvarez & Marsal's Crypto practice is the leading global digital asset advisory firm, with 90+ offices worldwide and operators who've executed through every market cycle. A&M combines operational, financial, and industry expertise to take institutions from strategy to deployment: stablecoin adoption, tokenization and RWAs, custody and infrastructure, M&A advisory, IPO readiness, risk and compliance, restructuring and much more.

A&M's clients include half the Fortune 500 and the leading crypto-native and TradFi firms in the industry.

Whether you’re looking to adopt stablecoins, standing up digital asset infrastructure, or navigating tokenization/RWAs… A&M has done it before, at scale across finance, operations, engineering, commercialization, risk and compliance.

Talk to A&M Crypto

Launches

  • Polymarket launches crypto futures (DC)

  • Brazilian banks expand crypto offerings (DC)

  • Hargreaves Lansdown rolls out crypto trading (BM)

Regulation

  • UK weighs easing prediction market ban (CD)

  • South Korea starts tokenizing 'all types' of securities (TB)

  • El Salvador’s bitcoin growth funded by private donations (CD)

  • BitMEX co-founder gives Reform UK another £4M (DC)

Cybersecurity

  • Trezor data breach hits 67,000 more customers (BBG)

  • FinCEN ties $12.7B to crypto scams run from Asia (DC)

  • Malone Lam faces hearing over $245M bitcoin theft (DC)

  • Coldcard hacker moves $7.7M (DC)

Extra Reads

  • Despite headlines about $30T in stablecoin volume, genuine payments run at roughly $390B a year, and closing that gap depends less on the crypto layer than on the banking infrastructure beneath it – Here's why stablecoins won't scale without banks

Chart of the Day

AI and software stocks are rising together

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.