Tokenized Stocks Under Fire

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Good Morning,

Here's a quick preview of today's content: Qubic restarts blockchain after $1.4M hack, French lawmakers back stablecoin tax, Blockchain.com rolls out crypto options, 219 Arizona merchants begin accepting bitcoin, JPMorgan sees 10% annual bitcoin returns, and so much more

Polymarket recently launched Polymarket Institutional Research, a publication exploring the intersection of prediction markets with the global financial system. It's proprietary research straight from their institutional desk with super valuable insights for public market investors. Your firm can request access here.

Happy Wednesday - 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 +16.2% Gannon's AI Fund is up +59.1%

• Bitcoin reclaims $83,000 as ETFs post their best day in nearly a month, with BlackRock doing all the buying

  • BTC ETFs draw $527M in their biggest showing since September, led by IBIT's $665M inflow

  • ZEC leads the crypto bounce surging +8.5% and COMP jumps +27%

  • ETH staking hits a record 43.8M ETH as yields fall, with SOL activity also growing

• Stablecoin transfers quadruple to $891B as banks expand adoption, now moving over $400M per hour on average

Prediction Markets

• With the NBA season starting, which teams are making the playoffs 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}}

• Microsoft, Alphabet and Goldman object tokenized stock trading (CD)

• JPMorgan sees 10% annual bitcoin returns (CD)

• Mt. Gox pushes repayment deadline to 2027 (DC)

• Swiss regulator approves first Bitcoin fund (DC)

• Mastercard opens AI payments (DC)

• French lawmakers back stablecoin tax (DC)

• Crypto firms push SEC to revise Regulation Crypto Assets (TB)

• Strive closes $630M SATS IPO (CT)

• Lloyds and Barclays named in crypto complaints (CT)

• ZachXBT flags $20M laundering ring (BL)

• Wallet linked to exploit sends $61M to Tornado Cash (DC)

• Blockchain.com rolls out crypto options (TB)

• Injective taps BDACS for Korean won stablecoin (TB)

• 219 Arizona merchants begin accepting bitcoin (BM)

A Message from Polymarket

Polymarket Institutional Research is a new publication exploring the intersection of Polymarket with the global financial system - original analysis built directly on our markets, written by the Institutional Desk. From Anthropic's valuation strip, to the Hormuz reopening gap, to the future of Lagarde at the ECB.

If your financial institution is looking to engage with event contracts, the Polymarket Institutional Desk is scaling up. For information on block trades, market making, and commercial data sales on either our US or international exchanges, reach out below.

What's inside:

• Weekly market briefings

• Deep dives on forecast scenarios and LP opportunities

• Quarterly liquidity & microstructure reports with full depth data

• Direct access to our research team via dedicated Slack

Request access to Polymarket Institutional Research.

Venture Capital

• Bitcoin yield platform HoneyB developer raises $5M led by Portal Ventures (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Crypto exchange Bitget acquires Thai exchange GMO-Z.com Cryptonomics (CT)

Launches

• Walt plans AI perpetuals trading (TD)

• OKX debuts OKX Shield (TB)

• Tx launches USTX stablecoin (CT)

Regulation

• CFTC sets agenda for AI trading (CD)

• Utah sues Kalshi to halt betting (TD)

• Kazakhstan stops Coinbase from crypto services (CD)

Cybersecurity

• Liquid announces recovery following hack (BM)

• Qubic restarts blockchain after $1.4M hack (CT)

• Revolut disruption hits crypto services (TD)

Extra Reads

• As the IRS gains new visibility into crypto trades, many holders are realizing years too late that they misreported, and there's no clean way to fix it, which is exactly the gap a new bill in Congress is trying to close - Here's the way out for honest crypto tax mistakes

Chart of the Day

JPMorgan projects Bitcoin to outperform stocks, bonds and gold over the next decade

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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.