Senate’s Final Crypto Bill

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Good Morning,

Here's a quick preview of today's content: Revolut attackers threaten customer data leaks, Trade groups demand stricter stablecoin limits, Kraken brings DeFi yield to tokenized stocks, Trump's stake in World Liberty Financial becomes sellable, Bitmine adds $68M in Ethereum, and so much more

Polymarket recently launched Polymarket Institutional Research, a publication exploring the intersection of prediction markets with the global financial system. It's proprietary research straight from their institutional desk with super valuable insights for public market investors. You can read their latest piece here.

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 +16.7% Gannon's AI Fund is up +60.5%

• Bitcoin climbs near $79,000, bucking a tech selloff as AI slowdown sinks chip stocks

  • BTC ETFs shed $463M in a weekly reversal as ETH ETFs gain $197M

  • DOGE ETFs struggle for buyers while rival XRP and SOL funds pull in $3B

• Crypto outperforms as a call for slower AI development weighs on tech names

Prediction Markets

• Who's going to take the MVP this season?

• 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}}

• Senate releases final Clarity Act draft (TB)

• Trump agrees to stricter rules to save crypto bill (CD)

• NY Attorney General leads push against the Clarity Act (TB)

• Trump's stake in World Liberty Financial becomes sellable (CD)

• Strategy buys back $139M of STRC (DC)

• Bitmine adds $68M in Ethereum (DC)

• Trump's crypto push opens perps race to Singapore exchange (BBG)

• Robinhood plans voting rights for stock tokens (CD)

• Strive reaches 25k BTC milestone (TB)

• FCA considers exempting tokenized gold from rules (CD)

• Swiss Bitcoin Pay shuts down servers (BM)

• DeFi Development Corp expands treasury to 2.39M SOL (TB)

A Message from Polymarket

CONVERGENCE?

What's really driving the SpaceX - Tesla merger odds?

Elon Musk has a long history of rolling up his companies. X.com and Paypal (2000), Solar City and Tesla (2016). xAI and X.com (2025) and SpaceX and xAI in February of this year.

For nearly a decade Elon has insisted that there was "not a strong rationale" to merge Tesla with SpaceX. But in November we started to hear a different tune. "My companies are, surprisingly in some ways, trending towards convergence," Elon posted in November of 2025.

Will 2027 be the year of the Elon giga-merger?

Read more at Polymarket Institutional Research ->

Venture Capital

• S&P Global leads $110M investment in crypto data firm Kaiko (TB)

Access the complete VC deal flow on Fundable.

Launches

• Kraken brings DeFi yield to tokenized stocks (CT)

• MetaMask adds scam wallet protections (DC)

Regulation

• Trade groups demand stricter stablecoin limits (DC)

• South Korean investors push for crypto tax delay (TB)

Cybersecurity

• Revolut attackers threaten customer data leaks (CT)

• Symbiosis recovers 15 BTC from hack (CT)

Extra Reads

• After a year of deadlock, Senate Republicans dropped a final Clarity Act draft that tries to settle all three sticking points at once, heading into a make-or-break procedural vote, with even backers unsure it has the 60 votes - Here's where the Clarity Act stands going into the Senate vote

Chart of the Day

Crypto exchange activity rebounds in August

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.