Trump Disowns World Liberty

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Here's a quick preview of today's content: Mercado Bitcoin begins post-hack reopening, Strategy buys $82M in Bitcoin, NYSE taps Avalanche for tokenized stock platform, Coinbase gets final stamp for trust bank charter, Elizabeth Warren vows scrutiny of prediction markets and Trump crypto, and so much more

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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 +10% Gannon's AI Fund is up +41.1%

• Bitcoin drops below $74,000 as an Nvidia probe and regulation fears spark $1B in liquidations

  • BTC ETFs shed $1.3B in the biggest weekly outflow since late June

  • ETH has lost -18.8% over 28 days versus BTC's -12.2% as major tokens decline, though AVAX leads crypto gains

• Bitcoin sits in limbo as stocks and gold surge and oil plunges

Prediction Markets

• With no more conference championships next year, which CFB team will win the last Big Ten championship?

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

• Trump says he knows 'nothing' about World Liberty Financial (DC)

• Nvidia investigates Jensen Huang after Chinese spy affair (DC)

• Elizabeth Warren vows scrutiny of prediction markets and Trump crypto (TB)

• Coinbase gets final stamp for trust bank charter (BBG)

• Binance hacker use memecoins to launder stolen crypto (BBG)

• SpaceX proposes $24B Texas supercomputer (CD)

• NYSE taps Avalanche for tokenized stock platform (DC)

• Coinbase and PNC Bank expand partnership (DC)

• Ethereum Foundation and Vitalik Buterin sued (DC)

• Robinhood backs tokenization on OKX-ICE (CD)

• Strategy buys $82M in Bitcoin (DC)

• MARA posts $634M net profit (TB)

• Sharplink's net income hits $751M (DC)

• Strive adds 29 BTC (BM)

• Tom Lee's Bitmine adds $20M in Ethereum (DC)

• AI data centers buy used jet engines (DC)

• Formation Securities plans stock trading venue (DC)

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M&A Announcements

• Tokenization firm Securitize acquires financing firm River One (CD)

• Amundi boosts Strategy stake 44% (BM)

Launches

• Robinhood brings US IPO access to UK (DC)

• Raycash launches stablecoin payments (DC)

Regulation

• Binance closes accounts in four countries (BM)

• River Markets registers as futures commission merchant (DC)

• EU taps industry for tokenized standards (CT)

Cybersecurity

• Mercado Bitcoin begins post-hack reopening (CT)

Extra Reads

• A company that holds nearly $1.4B in Bitcoin is about to spend 17 times that on AI compute, which is the whole story of this moment in miniature, crypto as a line item and AI as the main event - Here's the AI versus crypto scale gap in one number

Chart of the Day

Ethereum's stablecoin and tokenized fund market cap falls -19%

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.