Coinbase Gets CFTC Approval

Together with

Good Morning,

Here's a quick preview of today's content: Hack spurs $463M in customer outflows on Bitget, El Salvador's Bukele turns to stablecoins, Bitwise launches spot Near ETF, Survey shows American banks rapidly embrace blockchain, Cboe and S&P explore tokenized options contracts, and so much more

Get the charter flight access you've always wanted. Use code LIT1 for a free one-month trial on The FlyJets Exchange. More info below!

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 +20.9% Gannon's AI Fund is up +43.8%

• Bitcoin hovers at $84,000 as Treasury yields hold near multi-year highs

  • BTC bounces after the U.S. 30-year bond yield sets a 24-year high

  • BTC ETFs add $2.95B over 30 days as crypto ETFs surge

  • AAVE leads DeFi higher as crypto shrugs off the surging bond market, while ZEC drops -12%

• A correction could be near as traders' unrealized profit hits a 21-month high

Prediction Markets

• Which team is taking the National League 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}}

• Adam Back's crypto empire hit by hack (BBG)

• Coinbase gets CFTC approval for derivatives clearinghouse (DC)

• Cboe and S&P explore tokenized options contracts (CD)

• OpenAI valuation could hit $1.4T (CT)

• House expands probe into prediction market insider trading (BL)

• Morgan Stanley opens lab to test crypto products (BM)

• Robinhood begins crypto perps rollout (TD)

• Comer presses Crypto.com and Hyperliquid on suspicious trades (TB)

• Survey shows American banks rapidly embrace blockchain (TD)

• Ondo CEO sees 'huge opportunity' for perps in US (TB)

• Bitget CEO not optimistic on recovering funds from breach (CT)

• Kakaopay, Dinari, and Ondo explore tokenized Korean stocks (CT)

• Coljac Café in Missouri begins accepting bitcoin (BM)

• Ethereum schedules Glamsterdam upgrade (CT)

A Message from FlyJets

Love to fly private? (We do!) First-time flyer?

With FlyJets, you can find the best prices, compare specs on charter flights and find groups to share with ✈️

Use code LIT1 at checkout using the mobile app or via web for a one-month Exchange membership trial (cancellable at any time) and to immediately get in touch with the FlyJets team for any flight needs.

Gain the flying experience you've always wanted. Book through FlyJets!

Happy Flying

Launches

• Bitwise launches spot Near ETF (DC)

• Aztec Labs relaunches its self-custodial wallet (DC)

• HANetf debuts euro-hedged bitcoin fund (BM)

Regulation

• El Salvador's Bukele turns to stablecoins (BBG)

• ECB puts AI payments on digital euro drawing board (CT)

• Greece gets first MiCA entrants (CT)

Cybersecurity

• Near Intents blocks $50M in Bitget hacker swaps (CD)

• Hack spurs $463M in customer outflows on Bitget (BBG)

• SEC sues Cryptoaiml and TSAI over $15M trading scams (TD)

Extra Reads

• Altcoins are stirring again, but this rotation looks different: the big gainers share one trait, they actually make money, prompting the question of whether crypto is finally rewarding utility over hype, or whether it'll circle back to memecoins like every cycle before - Here's why this altseason might actually be different

Chart of the Day

82% of Bitcoin addresses are now in profit

Meme Dump

Pls send us crypto memes to be featured in the newsletter

Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

Gannon's Crypto Portfolio: Trade alongside Gannon's crypto on Autopilot

Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity's brain on business advice, insights, or just chat to say what's up? Buy his time here.

Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.