North Korea Denies Binance Hack

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Good Morning,

Here's a quick preview of today's content: Mercado Bitcoin absorbs $40M loss from hack, Bank of Korea probes firms' exposure to crypto, Metals.io issues tokens backed by physical copper, Strategy resumes bitcoin buys with $66M purchase, Nvidia and Nike lead tokenized stock objections, and so much more

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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 +16.11% Gannon's AI Fund is up +50.7%

• Bitcoin claws back toward $79,000 as fears of contagion from crypto's biggest hack ease

  • BTC eases as Binance customers pull $3.6B after withdrawals reopen

  • BTC ETFs see $643M in Friday outflows, their largest daily exit in four months

• Traders eye a post-election rally as the market shakes off the record Binance hack

Prediction Markets

• How low will ETH get this month?

• 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}}

• Kim Jong-Un's sister denies role in Binance hack (TB)

• North Korea launders Binance hack loot (DC)

• Nvidia and Nike lead tokenized stock objections (DC)

• Binance reopens withdrawals (BM)

• Mystery $106M crypto theft hits EU (DC)

• Tom Lee calls bottom on AI stock selloff (DC)

• Crypto.com shutters app in Hong Kong (BBG)

• NYSE tokenized stock plans take shape as four more join (CD)

• Strategy resumes bitcoin buys with $66M purchase (DC)

• Moscow Exchange launches crypto trading (FM)

• tZERO plans to go public (CD)

• Standard Chartered debuts tokenized deposits in Hong Kong (CD)

• New Jersey drops Coinbase staking order (CT)

• Bitmine buys more Ethereum (DC)

• Strive climbs up treasury ranks with a big buy (DC)

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Venture Capital

• SBI plans $100M investment in US digital bank Erebor (TD)

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Launches

• Coinbase opens perpetuals for AI (TD)

• Metals.io issues tokens backed by physical copper (CD)

Regulation

• FATF reviews money laundering controls (CT)

• Bank of Korea probes firms' exposure to crypto (CT)

• Animoca Brands clears hurdle for Abu Dhabi fund (CT)

Cybersecurity

• Mercado Bitcoin absorbs $40M loss from hack (BBG)

• BTCPay hit by hot wallet attack (DC)

• XRP Ledger fixes stablecoin printing flaw (CD)

Extra Reads

• Banks get hacked constantly, often more than crypto exchanges, but a bank can catch, recall or reverse a fraudulent transfer, while a confirmed crypto transaction generally can't be undone - Here's why a crypto hack is so much harder to contain than a bank theft

Chart of the Day

U.S. firms and ETFs account for 91.8% of the tokenized stock market

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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.