Good Morning,

Here's a quick preview of today’s content: Teen sanctioned by Russia after crypto use to evade sanctions, Crypto billionaires donate $9.4M to Farage, Charles Schwab launches Bitcoin futures trading, Fannie Mae-backed bitcoin mortgages arrive, Crypto VC deal count slumps to five-year low, and so much more

Friday’s here – Let’s dive in.

Market Snapshot

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  • Bitcoin plunges below $62,000 for first time since February as ETF outflow streak hits 13 days

    • BTC ETFs post 13th consecutive day of outflows, with ETH, SOL, XRP funds bleeding $4.4B

    • XRP sinks -7% to four-month lows and NEAR gets demolished

  • ETF outflows, Strategy sale, and oil prices hit sentiment as sell-off accelerates

Prediction Markets

  • Bettors on Polymarket are predicting largest company end of June?

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

Headline Roundup
The major headlines driving crypto markets

  • World Cup crypto scams target soccer fans (DC)

  • Someone redeems 15-year-old physical Bitcoin (DC)

  • Sen. Lummis says Jamie Dimon hasn't read Clarity Act (TB)

  • Fannie Mae-backed bitcoin mortgages arrive (DC)

  • George Santos referred to DOJ over Kalshi trades (DC)

  • 'Looksmaxxing' trend spawns $100M gray market (DC)

  • Bitmine's ether bet nears $9B loss (CD)

  • Stripe, Visa, Mastercard among backers of stablecoin platform (CD)

  • Goldman Sachs teams with Apex for tokenized real estate fund (CD)

  • Professional investors dump 52K BTC worth of ETFs (CT)

  • Arthur Hayes sells entire HYPE and NEAR positions (TB)

  • Crypto VC deal count slumps to five-year low (TB)

  • Stripe millionaire loses bid for Congress (DC)

  • Mastercard expands stablecoin settlement (DC)

  • BitMine plans $300M preferred stock sale (DC)

  • Cardsmiths' new trading cards have real crypto (DC)

  • Visa and Brale test stablecoin settlement (TB)

  • Revolut’s US bank offers stablecoin services (TB)

  • Zcash completes network upgrade (DC)

  • Agentic payment activity tops 100M on Base (CT)

  • IREN plants flag in Australia with its first data center (TB)

  • Binance winds down NFT service (TB)

  • Adecoagro launches sugarcane-powered Bitcoin mining (BM)

Venture Capital

  • Crypto VC Variant Fund raises new $222M fund for startups (TB)

  • Legend, a decentralized social startup, raises $15M led by Andreessen Horowitz and Coinbase Ventures (SN)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • Cosmos Labs, the team behind Cosmos blockchain, acquires block explorer Mintscan (TB)

Launches

  • Coinbase launches pre-IPO perps (DC)

  • Charles Schwab launches Bitcoin futures trading (BM)

  • MoonPay brings crypto to Claude and Codex (DC)

  • Tether debuts tokenized gold stablecoin card (DC)

  • Grayscale launches its Hyperliquid ETF (TB)

  • Western Union deploys USDPT (TD)

  • Kraken offers tokenized IPO access (TB)

  • Pump.fun launches bounty platform for tasks (BL)

  • Solayer rolls out perps trading platform (TB)

Regulation

  • Scott Bessent backs strategic bitcoin reserve (BM)

  • White House crypto adviser defends Clarity Act (TB)

  • Crypto billionaires donate $9.4M to Farage (DC)

  • Lawmaker adds prediction markets to ban bill (DC)

  • Crypto industry launches PAC focused on software devs (TB)

  • Wyoming executive order guides data center development (CT)

Cybersecurity

  • DOJ freezes $3.8M in illicit crypto (DC)

  • Teen sanctioned by Russia after crypto use to evade sanctions (DC)

  • Coinbase freezes $3M tied to fraud networks (CT)

  • Trezor reveals hardware wallet vulnerability (DC)

  • Old DxSale lockers drained for $7.3M (TD)

Extra Reads

Chart of the Day

Bitcoin vs. the top 100 cryptos since 2020

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.