Trump Memecoin Disaster

Good Morning,

Here's a quick preview of today's content: Treasury sanctions 130 ISIS crypto wallets, EU moves to block investors from prediction markets, Securitize begins trading on NYSE, FBI Director Kash Patel undisclosed Strategy stock buy, American charged in Israel with spying for Iran for crypto, and so much more

Happy Monday - 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 +5.6% Gannon's AI Fund is up +52.5%

• Bitcoin jumps above $63,000, reversing end-June losses as crypto shorts get rekt

  • BTC ETFs draw $222M for first time since May, snapping 10-day losing streak

  • BTC, ETH, and XRP rise to weekly highs as XRP climbs +8%, with SOL and DOGE extending gains

• Bitcoin whales bought $16.7B in 2 weeks as soft jobs data eases rate fears

Prediction Markets

• Bettors on Polymarket are predicting who will perform at World Cup halftime show?

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

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

• Trump says there is 'nothing wrong' with family's crypto (CD)

• 1 million wallets down $3.81B on Trump's memecoin (TB)

• JPMorgan says Strategy adds new risk to bitcoin market (BBG)

• OpenAI offers US government a 5% stake (DC)

• FBI Director Kash Patel undisclosed Strategy stock buy (DC)

• Senator seeks to ban officials from launching meme coins (DC)

• American charged in Israel with spying for Iran for crypto (DC)

• Defendant files to dismiss lawsuit seeking ownership of bitcoin wallets (CT)

• Ethereum's next rebuild will take three to four years (TB)

• Experts split over plan to freeze Satoshi's 1.1M bitcoin (CD)

• Robinhood CEO says future of crypto is RWAs (TB)

• Metaplanet adds 2,823 BTC in Q2 (DC)

• Polymarket and Kalshi volume surges to $45B (TB)

• Ark Invest scoops up $18M Circle shares (TB)

• Humanity Protocol repositions toward AI (TB)

• Monad tops $100M two days after launch (TB)

• SBI Crypto shuts down mining pool (DC)

Venture Capital

• Peter Thiel-backed Erebor Bank eyes $8B valuation (TB)

• Meshpay, a crypto startup, receives $75M investment led by Dragonfly (CF)

• Crypto exchange startup ATEX raises $30M from Ripple co-founder Chris Larsen (CR)

• Extended, an onchain derivatives platform, raises $12.5M led by eToro (CD)

• THEA, an AI network on Solana, raises $8M led by Maven 11 and Spartan Group (CC)

Access the complete VC deal flow on Fundable.

Launches

• Securitize begins trading on NYSE (DC)

• Standard Chartered offers USDC access (DC)

• Ondo debuts tokenized BlackRock ETF (CD)

• Robinhood and dYdX Labs launch DEX (CT)

• Solana launches onchain governance (CD)

• Bitget expands Stock+ platform (TB)

Regulation

• EU moves to block investors from prediction markets (CD)

• Farage reported to watchdog over crypto lobbying (DC)

• Russia ready for widespread use of digital ruble (DC)

• IMF says tokenization could make finance faster (CD)

Cybersecurity

• Treasury sanctions 130 ISIS crypto wallets (DC)

• Scattered Spider suspect extradited over $8M crypto ransom (DC)

• Belgian police arrest phishing gang leader (CT)

• France to strengthen crypto attacks response (CT)

• Irish authorities recover 500 BTC from lost drug stash (TB)

Extra Reads

• Bitcoin has slid over -50% from its October peak even as AI stocks hit record highs, but researchers argue the disconnect is temporary, with capital simply chasing attention elsewhere - Here's why Bitcoin's disconnect from stocks won't last

• While most investors stay glued to price charts, 2026's most consequential crypto story is unfolding at the protocol level, with Ethereum and Solana shipping their biggest upgrades in years - Here's the biggest blockchain upgrades still to come in 2026

Chart of the Day

Total crypto card deposits cross $10B for the first time

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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.