Crypto Creeps Into 401ks

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Good Morning,

Here's a quick preview of today's content: US sanctions Canadian firms over Iran ties, Russia finalizes crypto trading rules, Finland homes get free heat from bitcoin miners, Protesters break into Microsoft data center site, Former FBI agent pleads guilty to stealing $2.5M, and so much more

Spreadwise is revolutionizing liquidity for HNWIs by offering fixed-rate liquidity at sub-4% rates. This is a game-changer for investors who want to access credit without disrupting their portfolios. If you manage wealth for yourself or clients, you should give it look.

Happy Monday - 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 +24.3% Gannon's AI Fund is up +41.1%

• Bitcoin tests an 11-week low near $75,000 as crypto liquidations top $1B and ETFs flip negative for 2026

  • BTC ETFs bleed $430M after the tech rout, capping a $1.28B outflow week, the worst since June, that pushed 2026 flows into the red

  • AVAX falls -28% over four weeks, lagging BTC and ETH

  • AI regulation fears halt the KOSPI after an -8% crash

• Crypto misses the tech-stock rebound after a hot October jobs report

Prediction Markets

• How high will BTC get by Jan 1, 2027?

• 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}}

• Trump admin moves closer to allowing crypto in 401ks (TB)

• Binance's CFO leaves company in wake of heist (BBG)

• US sanctions 45 more tied to crypto scam empire (DC)

• Former FBI agent pleads guilty to stealing $2.5M (DC)

• Treasury cuts MEXC off from US financial system (DC)

• $3.1B stolen from Binance yet to be laundered (DC)

• Every mag seven stock opts out of OKX-ICE venue (DC)

• Suspicious prediction market activity seen before elections (CT)

• Nubank and Mercado halt crypto transactions (BBG)

• Binance users in EU told to pull crypto before fees start (CD)

• Protesters break into Microsoft data center site (CT)

• Strive's bitcoin gains drive $509M profit (TB)

• TeraWulf's bitcoin mining revenue falls 69% (TB)

• Finland homes get free heat from bitcoin miners (CD)

• Bitcoiners debut Satoshi artwork in Buenos Aires (BM)

A Message from Spreadwise

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M&A Announcements

• Aave Labs acquires the team and technology behind Avon (TB)

Launches

• Coinbase opens USDC borrowing (TD)

• Zcash's NU7 upgrade goes live (DC)

Regulation

• US Treasury walks back surveillance proposal (TB)

• Russia finalizes crypto trading rules (CT)

• Greece passes crypto tax law (DC)

• Nigeria introduces stablecoin rules (TB)

Cybersecurity

• US sanctions Canadian firms over Iran ties (TD)

• Gnosis Pay hackers access customer data (DC)

• Web3Auth frontruns hackers by moving $5.6M (TB)

Extra Reads

• One of the biggest names in Bitcoin mining is leaving the business entirely by year end, not because mining failed but because renting its data centers to AI customers now brings in 92% of its revenue, up from 18% a year ago - Here's why a top Bitcoin miner is quitting mining for AI

Chart of the Day

Bitcoin mining difficulty spends its 374th straight day below its all-time high

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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.