Senate Unveils Crypto Bill

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Here's a quick preview of today's content: Ringleader of $245M crypto theft pleads guilty, UK House of Lords backs mandatory crypto strategy, MoneyGram launches Visa stablecoin card, Bitcoin Bancorp snaps up thousands of bitcoin ATMs, Bitwise shuts down Doge ETF less than a year after launch, and so much more

Looking for institutional guidance on your firm's crypto strategy? Speak to the team at Alvarez & Marsal Crypto. They offer comprehensive advisory services on everything from stablecoin adoption, tokenization and custody to M&A, compliance and risk. Book a call!

Friday's here - Let's dive in.

Market Snapshot

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• Bitcoin slips further below $80,000 as oil and bond yields surge to new highs

  • BTC ETFs shed $167M after the strongest three-week inflow run of 2026

  • ZEC becomes the top performer while DOGE sinks -5%

  • SOL sees a record 263K tokens issued in a single day

• Crypto retreats on US PPI overshoot as Brent tops $106 and the 30-year bond yield hits a new 19-year high

Prediction Markets

• Which direction will rates moves this year?

• 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 Republicans unveil revised crypto bill (TB)

• Anthropic discloses fourth Claude hack incident (DC)

• Hunter Biden's LAPTOP team cites bots for crash (TB)

• Coinbase CEO eyes stablecoin payments as growth engine (BBG)

• Ex-Bank of England's Cunliffe joins blockchain firm Fnality (BBG)

• Coinbase rebrands Base App (TB)

• Polymarket names former Amazon finance chief as CFO (CD)

• Bitwise shuts down Doge ETF less than a year after launch (TB)

• OKX brings OpenAI and Anthropic bets to Europe (CD)

• Researchers slash the cost of a crypto quantum attack (DC)

• Vitalik Buterin pushes plan to slash privacy costs (DC)

• Indian warehouse giant puts $2B grain loans onchain (CD)

• Coinbase and Moov bring stablecoin payments to banks (TB)

• Bitcoin Bancorp snaps up thousands of bitcoin ATMs (CD)

• Unicoin sues Uniswap Labs (CT)

• Monument Bank delays retail tokenized deposits (CD)

A Message from Alvarez & Marsal Crypto

A&M Crypto: Institutional Digital Asset Advisory, Executed at Scale

Alvarez & Marsal's Crypto practice is the leading global digital asset advisory firm, with 90+ offices worldwide and operators who've executed through every market cycle. A&M combines operational, financial, and industry expertise to take institutions from strategy to deployment: stablecoin adoption, tokenization and RWAs, custody and infrastructure, M&A advisory, IPO readiness, risk and compliance, restructuring and much more.

A&M's clients include half the Fortune 500 and the leading crypto-native and TradFi firms in the industry.

Whether you're looking to adopt stablecoins, standing up digital asset infrastructure, or navigating tokenization/RWAs… A&M has done it before, at scale across finance, operations, engineering, commercialization, risk and compliance.

Talk to A&M Crypto

Venture Capital

• Nasdaq invests $100M in Kraken parent Payward (BBG)

• Stablecoin firm Latitude raises $35M led by Oak HC/FT (TD)

Access the complete VC deal flow on Fundable.

Launches

• Bybit offers European 'super-app' (CD)

• MoneyGram launches Visa stablecoin card (TB)

• SGX's crypto perpetual futures opens (CD)

• Uniswap launches dynamic fees (TB)

Regulation

• Citadel urges SEC to assert oversight of event contracts (TB)

• EU regulator questions Polymarket and Kalshi's access (CD)

• UK House of Lords backs mandatory crypto strategy (CT)

• Nasdaq asks EU to remove cap in tokenization trial (CD)

Cybersecurity

• Ringleader of $245M crypto theft pleads guilty (BM)

• Trezor security breach leads to phishing emails (TB)

• US sanctions Xinbi scam marketplace (CT)

Extra Reads

• A working quantum computer would break the assumption that secures every Bitcoiner's coins, but the industry understands the problem, and is already assembling fixes - Here's the guide to quantum computing and Bitcoin

• A tokenized stock runs on two records, the blockchain and an offchain register, but a new SEC proposal would let the blockchain itself become the official legal record - Here's how an SEC plan could fix tokenized stocks' biggest headache

Chart of the Day

Total number of tokenized asset holders surges above 3.5M

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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.