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Good Morning,

Here's a quick preview of today's content: US sanctions crypto facilitators linked to North Korea, Crypto braces for shift in oversight after midterms, Robinhood adds eight stock and ETF tokens, More Americans try crypto but few stick with it, Google previews crypto custody security system, and so much more

Blockchain Wealth is redefining liquidity for crypto holders: borrow against your crypto from 0%, with credit lines up to $10M and funds in under a minute. Holding a stack you'd rather not sell? It's worth a look.

Happy Thursday - 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 +28.5% Gannon's AI Fund is up +57.2%

• Bitcoin trades above $81,500 as the Fed holds rates steady, but a December hike is in play

  • BTC ETF inflows climb to $176M

  • Fed keeps rates at 3.75%-4% as an Asian chip rally spilled into crypto and PEPE jumped +9%

• Nine hedge funds and banks cut 68k BTC of spot ETF exposure, while wealth platforms and sovereign funds added

Prediction Markets

• Will there be a Fed rate cut 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}}

• Unusual oil trades detected on offshore crypto exchange (BBG)

• More companies object OKX-ICE tokenized stocks (DC)

• Sam Bankman-Fried writes letter to actor portraying him (CT)

• Canadian 'crypto king' case goes to jury (CT)

• Google previews crypto custody security system (CD)

• DTCC brings $30T securities closer to blockchain (CD)

• Strategy shareholders approve daily dividends (DC)

• Bitwise raises bitcoin target to $1.6M (BM)

• More Americans try crypto but few stick with it (DC)

• Ripple expects $900M annualized product revenue (TB)

• Moody's assigns ratings to Ripple's stablecoin (TB)

• Brazil's largest lender formalizes crypto brokerage (CD)

• 90% of large businesses embrace tokenized cash (CD)

• Bitcoin-backed mortgages arrive in Canada (CD)

• Aave raises crypto borrowing limits (TD)

• XRP Ledger developers propose wallets with zero XRP (CD)

• Aptos advisor Buzz leaves the crypto project (DC)

• Zilliqa CEO steps down (TD)

A Message from Blockchain.com

Borrow Against Your Crypto

Selling your crypto to raise cash means giving up the upside and, depending on where you live, triggering a taxable event. Blockchain Wealth lets you borrow against it instead.

Members of the Blockchain Wealth program can pledge BTC, ETH, or SOL and instantly draw down USDC, or fiat on request. The terms are built for size:

• Access crypto-backed loans with rates starting at 0%, so you can access liquidity while retaining potential upside

• Credit lines up to $10M, with larger facilities on request

• Flexible repayment schedule

Every member also gets a dedicated relationship manager on call 24/7, plus direct access to the Blockchain.com OTC desk to deploy that capital across 670+ tokens and 20+ liquidity venues.

Membership is by application and requires $100K+ on the platform.

Apply for Blockchain Wealth

Venture Capital

• AI security startup Upwind raises $400M led by Bessemer Venture Partners (DC)

• New York startup Birch Hill raises $4M led by Multicoin Capital (DC)

Access the complete VC deal flow on Fundable.

Launches

• Coinbase adds Ripple's RLUSD (TB)

• Robinhood adds eight stock and ETF tokens (TD)

• Securitize adds Stellar blockchain (CD)

• Mirae Asset Securities issues tokenized notes (CT)

• Phantom launches prediction markets (CT)

Regulation

• Crypto braces for shift in oversight after midterms (TB)

• House chair probes Delaware plan for AI companies (DC)

Cybersecurity

• US sanctions crypto facilitators linked to North Korea (TD)

• Coinbase customer data hit in vendor breach (DC)

• Exchange and DeFi losses dominate crypto hacks (BM)

Extra Reads

• AI agents can now buy things online in seconds with no human clicking "confirm", but the standard they pay with has no way to dispute a charge, so when the agent pays for the wrong thing, nobody can get the money back - Here's the missing undo button in AI agent payments

Chart of the Day

Public companies now hold 1.3M BTC

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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.