Strategy Sells More Bitcoin

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Good Morning,

Here's a quick preview of today's content: Hackers drain $8M across two blockchains, Bitcoin ATMs pulled in Australia, Robinhood offers access to crypto trading in UK, Two prediction markets shut down hours apart, UK's FCA regulates tokenized gold, and so much more

Spreadwise is revolutionizing liquidity for HNWIs by offering fixed-rate liquidity at sub-4% rates. This is a game-changer for investors who want to access credit without disrupting their portfolios. If you manage wealth for yourself or clients, you should give it look.

Happy Tuesday - 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 +5.1% Gannon's AI Fund is up +59.2%

• Bitcoin steadies near $64,000 as Iran-Oman deal talk eases Hormuz concerns and lifts risk assets

  • BTC ETFs draw $854M over five days for the biggest inflows since May, with flows hitting a four-month high

  • ETH products lead a $600M crypto ETP flow rebound in July

  • XRP gets left behind in the crypto bounce as ETFs keep attracting money

• BlackRock says Bitcoin sentiment is turning as decoupling from stocks takes hold

Prediction Markets

• Bettors on Polymarket are predicting what will BNB hit in 2026?

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

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

• Strategy sells $109M in bitcoin (DC)

• Trump Media's bitcoin holdings shrink as losses hit $361M (CD)

• OpenAI says its next AI model may be too dangerous (DC)

• Robinhood offers access to crypto trading in UK (BBG)

• Judge stays CFTC's case against soldier over prediction bets (CT)

• Tom Lee's Bitmine buys $14M in ETH (DC)

• Grayscale drops Cardano, Polkadot and Hedera ETF plans (CD)

• BlackRock launches Canada ETFs with bitcoin (CT)

• Vitalik Buterin puts quantum resistance in Ethereum roadmap (TB)

• Crypto loses $110M to hacks in July (TB)

• UK's FCA regulates tokenized gold (CD)

• Two prediction markets shut down hours apart (TD)

• Bitdeer's shares sink despite revenue growth (TB)

• Keel shutters all bitcoin mining operations (TB)

• Chinese broker cleared for crypto goes private (FM)

• BIP-110 bitcoin fork stalls at two blocks (TD)

A Message from Spreadwise

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Venture Capital

• Beldex, a Layer 1 blockchain, raises $25M led by DWF Labs (X)

• Quantera Network, a post-quantum layer-1 blockchain, raises $2.1M from Split Capital, Arāya Ventures, Morningstar Ventures and Passion Capital (GB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• H100 Group, a Swedish bitcoin treasury, acquires Norwegian firms Moonshot and PDI (TB)

Launches

• Solana gets its first STRC product (CD)

• Blockstream debuts swaps (BM)

• Jupiter lets the same dollar earn twice (CD)

Regulation

• Bitcoin ATMs pulled in Australia (DC)

• Brazil's crypto market faces licensing deadline (DC)

• Ruble stablecoin processes close to $140B (FM)

Cybersecurity

• North Korea's Kimsuky integrates AI into attacks (TB)

• Hackers drain $8M across two blockchains (DC)

• BTCPay offers 3 BTC after exploit (TB)

Extra Reads

• Crypto's fundamentals have never been stronger, real revenue, institutional money, working products, yet investor attention keeps stampeding toward the next narrative that promises a 100x - Here's why great crypto projects keep losing to great stories

Chart of the Day

62% of the top 100 tokens die within 5 years

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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.