Trump’s $1.2B Crypto Earnings

Good Morning,

Here's a quick preview of today's content: Director gets 30 months for spending Netflix's $11M on dogecoin, Senators seek to block foreign adversaries from AI, MetaMask launches stablecoin yield account, Binance and CZ sued for $200M by British investors, New York Life debuts tokenized bond fund, and so much more

Happy Wednesday - Let's dive in.

Market Snapshot

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• Bitcoin slides below $60,000 and closes out a weak quarter

  • ETH, SOL, and DOGE slide with a $4.4B supply overhang emerging

  • BTC nears 2024 lows as options traders pay up for downside protection

• Crypto firms lead $517M corporate surge into 2026 midterms despite market weakness

Prediction Markets

• Bettors on Polymarket are predicting LeBron James next team?

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

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

• Trump discloses over $1.2B in crypto earnings (DC)

• Binance and CZ sued for $200M by British investors (DC)

• Coinbase, BlackRock and Visa back stablecoin (DC)

• FCA finalizes landmark crypto rules (DC)

• SEC opens ETF rule review (TB)

• UAE-based Goldman Lampe buys $137M in Bitcoin (BM)

• Sharplink buys ETH for first time in 2026 (DC)

• Nasdaq expands market data into blockchain (CD)

• New York Life debuts tokenized bond fund (DC)

• Dubai set for crypto firm influx (CD)

• Companies spending the most on AI grow jobs (CD)

• Crypto companies spend $189M on election cycle (CT)

• Phantom hires Hyperliquid market builders (CD)

• Machi Big Brother's Hyperliquid losses top $80M (TD)

• Business use of stablecoins set for growth surge (CT)

• Solana Company backs Kazakhstan's $6B crypto ambition (CT)

• Spiko links EU T-bill funds to Coinbase (CT)

• Magic Eden founders sued by token buyers (TD)

Venture Capital

• ErpsaChain, an AI blockchain, raises $20M in an angel round (X)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Cantor Equity Partners II approves a merger with Securitize (TD)

Launches

• MetaMask launches stablecoin yield account (DC)

• BNY adds USDC to custody platform (TD)

• Anchorage and Binance launch off-exchange settlement (BM)

• OKX unveils marketplace for AI to find work (TB)

• StarkWare unveils post-quantum roadmap (TB)

• Sovright unveils wallet recovery tool (TB)

Regulation

• Senators seek to block foreign adversaries from AI (CD)

• SEC wins $5.5M over fake crypto platform (CD)

• Kalshi banned in Michigan (DC)

• Dutch prosecutors seek to bankrupt platform Knaken (DC)

• Massachusetts files amended lawsuit against Kalshi (CT)

Cybersecurity

• Director gets 30 months for spending Netflix's $11M on dogecoin (DC)

• Chinese billionaire gets 30 years for crypto fraud (TB)

Extra Reads

• Force tokenized stocks into a legacy framework and you kill the innovation; let them borrow the language of stocks without backing and you mislead investors - Here's why tokenized securities need competition, not gatekeepers

Chart of the Day

Crypto-backed lending reaches $67B in Q1 2026

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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.