Ethics Pushed in Crypto Bill

Good Morning,

Here's a quick preview of today's content: Treasury freezes $130M Iran crypto wallet, Digital Chamber sues Illinois over crypto tax, S&P and Pantera launch crypto index, Fight over prediction market oversight forges on, Jack Mallers quits Twenty One Capital, and so much more

Happy Wednesday - 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 +6.1% Gannon's AI Fund is up +51.7%

• Bitcoin closes in on $67,000, hitting a seven-week high as ethics deal revives Clarity Act vote odds

  • BTC ETFs post a 5-day inflow streak, longest since May, lifting Strategy and other crypto stocks

  • SOL and HYPE ETFs dominate altcoin fund flows while WLD jumps +8% and Robinhood Chain tops $430M in TVL

Prediction Markets

• Bettors on Polymarket are predicting LeBron James next team?

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

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Trump agrees to ethics provision in crypto bill (TB)

• OpenAI models escape test environment (DC)

• Jack Mallers quits Twenty One Capital (DC)

• Movement Labs files for bankruptcy (CD)

• Celsius co-founders pay FTC over $6M (CT)

• Russia passes landmark crypto bill (TB)

• Pavel Durov wants to give Telegram users a crypto wallet (DC)

• S&P and Pantera launch crypto index (TD)

• Galaxy commits $5M to prepare for quantum (DC)

• Coinbase wants to be Canada's 'everything exchange' (BM)

• Digital Chamber sues Illinois over crypto tax (TB)

• Bitget plans US expansion (TB)

• Malaysia shuts down Balaji Srinivasan's school (TB)

• BIS warns stablecoins weaken controls (CT)

• Satsuma shareholders approve liquidation (TB)

• Binance & OKX users face fines in Vietnam (CT)

• Pakistan launches crypto investigation unit (DC)

• Hyperscale Data buys more bitcoin (BM)

Venture Capital

• Stablecoin startup Augustus raises $180M led by Tiger Global (DC)

• Canton developer Digital Asset raises $10M from Shinhan Financial Group and SC Ventures (TB)

Access the complete VC deal flow on Fundable.

Launches

• Arcus rolls out tokenized stocks on Robinhood (TB)

• CoinShares launches UCITS platform (TB)

• Uphold launches fractional trading (TB)

• Jito rolls out JTX trading platform (TB)

• Morpho launches lending protocol (TB)

Regulation

• Fight over prediction market oversight forges on (TB)

• UK lawmakers inquire into crypto banking (DC)

• Washington blocks Kalshi's sports markets (TB)

Cybersecurity

• Treasury freezes $130M Iran crypto wallet (BM)

Extra Reads

• No quantum computer can crack Bitcoin yet, but $461B sits in exposed wallets, the fix could take years, and Galaxy just put $5M behind starting now - Here's how the fight to quantum-proof Bitcoin begins

Chart of the Day

More Americans own Bitcoin than Gold

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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.