Binance Bounces Back

Together with

Good Morning,

Here's a quick preview of today's content: North Korea steals $400M in crypto using deepfake, Senators want to freeze data center boom, DTCC brings tokenized stocks to Solana, Gemini sells UK and European operations, Kalshi ends Donald Trump Jr.'s contract, 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.

Friday's here - 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 +9.8% Gannon's AI Fund is up +47.9%

• Bitcoin breaks below $72,000 to a 12-week low as Nvidia CEO Jensen Huang steps down

  • BTC slides as NVDA tumbles, with the 10-year yield holding above 5%

  • BTC ETFs bleed $1.4B in five straight days as investors cut risk, with BlackRock's IBIT shedding $2B

  • ETH nears $2,000 as its weekly loss outpaces BTC's

  • MSTR sheds -5% on an MSCI index removal

• Stablecoin supply falls $14.2B in its biggest 30-day drop since June 2022

Prediction Markets

• Who's going to be next in line at Nvidia?

• 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}}

• Jensen Huang resigns as Nvidia CEO (DC)

• Binance finishes covering $6.3B stolen tokens (BBG)

• US details $2.7B freeze after North Korea hack (BBG)

• Kalshi ends Donald Trump Jr.'s contract (CD)

• Gemini sells UK and European operations (CD)

• Winklevosses' Gemini exchange posts narrow loss (BBG)

• DTCC brings tokenized stocks to Solana (DC)

• Tron, Tether and Chainalysis form crypto-crime task force (DC)

• Tether gold gets clean KPMG audit (DC)

• Rumble sells two-thirds of its bitcoin business (BM)

• Nomura weighs Laser Digital sale (CD)

• Anchorage Digital's stablecoins settle on Visa (DC)

• Avalanche owns 5% of tokenized stocks (TB)

• Maple Finance sends co-founder and COO to the exits (CT)

• Zcash holders vote on pulling 50k from treasury (CD)

• Ethlabs proposes advancing post-quantum (TB)

• BNY taps Figment to support staking (TB)

A Message from Spreadwise

Borrow Against Your Portfolio - Smarter

Most investors use margin or portfolio lines of credit and end up paying 6%-12% interest with no tax benefit. Spreadwise lets you access the same liquidity at lower rates (under 4%) and treat the cost as capital losses, not interest expense.

Spreadwise works through a fully collateralized SPX box spread options strategy, giving you fixed-rate, fixed-term financing without selling your investments or making monthly interest payments.

The result: lower effective borrowing costs, more flexibility, and real tax advantages, all while keeping your portfolio exactly where it is.

If you're a high-net-worth investor or manage concentrated stock positions, Spreadwise can help you unlock cash without the usual drag.

Spreadwise: Smarter liquidity for sophisticated investors.

Demo Spreadwise

Venture Capital

• UK bank Griffin raises $20M led by Octagon Partners (CD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Jane Street lifts its Strategy stake 54% (BM)

• JPMorgan lifts its Strategy stake 36% (BM)

Launches

• BitGo expands stablecoin minting (TB)

• SoFi brings its stablecoin to Polygon (DC)

• Securitize and Ethena's liquidity facility goes live (TB)

• Jupiter adds USDGO (CD)

• Sygnum launches ETH Alpha Fund (TB)

Regulation

• Senators want to freeze data center boom (DC)

• Louisiana sues prediction markets (TB)

• Andreessen Horowitz and DeFi Education Fund push back against Illinois crypto tax (TB)

• NYDFS sets fresh advertising standards for crypto firms (TB)

Cybersecurity

• North Korea steals $400M in crypto using deepfake (DC)

• Chainstack breach exposes customer data (TB)

Extra Reads

• When a digital bank collapsed and froze the accounts of 60% of Paraguay's adults overnight, some people reached for dollar stablecoins to keep paying rent and wages, a real lifeline, though one that quietly still runs through the same banks it seemed to bypass - Here's what a Paraguayan bank collapse revealed about stablecoins

Chart of the Day

Stablecoin supply falls $14.2B over the past 30 days

Meme Dump

Pls send us crypto memes to be featured in the newsletter

Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

Gannon's Crypto Portfolio: Trade alongside Gannon's crypto on Autopilot

Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity's brain on business advice, insights, or just chat to say what's up? Buy his time here.

Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.