Polish Crypto Bribery

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Here's a quick preview of today's content: Bank of England gets legal duty for stablecoin innovation, Moonwell loses $8.7M to price manipulation, DefiLlama introduces token ratings, MoonPay lets AI handle crypto lending, GTA 6 leaker cashes out of his own memecoin, 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

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 +15.9% Gannon's AI Fund is up +56.4%

• Bitcoin flirts with $81,000 as it tests its largest supply wall ahead of the Fed's Jackson Hole meeting

  • BTC ETFs draw $2.8B in an eight-day streak, the longest since April

  • XRP leads losses as some traders start betting on a Fed hike

• Bitcoin's rally sends miners soaring past AI stocks

Prediction Markets

• Bettors on Polymarket are predicting Trump renames Lake Ontario to Lake America?

• 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 cost investors $4.7B through crypto schemes (CT)

• Polish committee president detained for crypto bribery (TB)

• UAE 'spy sheikh' takes 49% stake in Trump's bank venture (TB)

• CZ says bitcoin could surpass gold (TB)

• Charles Schwab adds Solana, Avalanche and Chainlink (TB)

• GTA 6 leaker cashes out of his own memecoin (CD)

• Global crypto taxable activity tops $457B (TB)

• UK government reports 240 crypto millionaires (CD)

• First quantum-resistant Bitcoin transaction executed (TB)

• Ripple expands into equity derivatives (CT)

• Mirae Asset maps out $109B crypto push (TB)

• MoonPay lets AI handle crypto lending (CD)

• DeFi Development Corp resumes Solana purchases (TB)

• Bithumb wins lawsuit over proceeds from error (TB)

• Moonwell investigates lending market issue (TB)

• Virtu and Tradeweb complete onchain repo (CT)

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

• Clearing firm RQD* raises $74M led by Bain Capital (CD)

• Bitfinex Securities, the tokenized trading platform, announces a $50M capital raise for Alkemya Metacore (CD)

Access the complete VC deal flow on Fundable.

Launches

• Japanese bitcoin industry unveils Aurora (BM)

• DefiLlama introduces token ratings (BL)

• Aave opens iOS early access (TD)

Regulation

• Bank of England gets legal duty for stablecoin innovation (DC)

• Connecticut sues Kalshi over sports contracts (TB)

Cybersecurity

• Moonwell loses $8.7M to price manipulation (TD)

• Core Lightning confirms multiple vulnerabilities (CT)

Extra Reads

• When a customer moves funds from a small bank into a stablecoin, the money stays in the financial system, but it stops funding local loans, and that's why the Clarity Act's loose rewards language could drain credit from Main Street - Here's the community banker's case against the Clarity Act's rewards rules

Chart of the Day

77% of Americans view crypto in retirement plans as risky

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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.