$270M Stablecoin Bet

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Good Morning,

Here's a quick preview of today's content: Binance warns of Apple iOS flaw, Texas rep files bill letting cities invest in Bitcoin, Hyperscale Data sells its last bitcoin for data center, Miami-Dade accepts bitcoin for property taxes, Trump Media posts $410M profit, and so much more

Curious how we source the VC section every morning? It's powered by Fundable. What we like it for crypto: half these rounds break somewhere you'd never think to look, an Italian business paper, a token sale that goes live on X before it reaches the feeds you check. Fundable reads all of it and pulls it into one place, so the digging is already done by the time you go looking. tryfundable.ai

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 +12.3% Gannon's AI Fund is up +46.3%

• Bitcoin falls below $73,000 to a 10-week low as hot October CPI fuels fears of a bigger Fed rate hike

  • ETH, SOL, and XRP slide as liquidations hit $580M, with XRP down -24% and HYPE down -18% over four weeks

  • BlackRock's IBIT ETF outflows hit $1.66B over seven sessions

  • Nvidia erases its 2026 gains, while ZEC falls with a -10.5% daily loss

• U.S. CPI rose a stronger-than-expected +0.4% in October, pushing Fed rate-hike bets to 96%

Prediction Markets

• What will the Fed do with rates in December?

• 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}}

• Goldman, Citi and more commit $270M to stablecoin venture (DC)

• Nvidia and Jensen Huang sued by shareholders (DC)

• Trump Media posts $410M profit (DC)

• Moody's taps Chainlink for credit ratings across blockchain (DC)

• Visa adds Monad to settlement network (TB)

• Miami-Dade accepts bitcoin for property taxes (BM)

• Polymarket trading volume jumps +266% (CT)

• Hot tub maker heats with bitcoin (BM)

• Grayscale bets $1M on Zcash (DC)

• Plume affiliate lands broker-dealer license (CD)

• Hyperscale Data sells its last bitcoin for data center (BM)

• HIVE eyes $45M revenue from AI deal (DC)

• Bitdeer reports record Q3 revenue (TB)

• Canaan's revenue plunges -90% to $14.5M (TB)

• eToro's Q3 profit plunges -74% (TB)

• Forward Industries grows treasury to 8.7M (TB)

• Ark Invest trims its own bitcoin ETF holdings (TB)

• BitGo revenue falls as trading slows (TB)

• TON Strategy earns $13.1M from staking (TB)

• Ripple Prime head steps down (CD)

• MEGA commits $30M to new products (TB)

The round is already public. Just not on the feed you check.

A crypto raise is almost always public before it reaches the feeds you check. The catch is where. Sometimes it's a business paper in another language. Sometimes it's a token sale that goes live on X. Fundable reads all of it.

Sometimes the round breaks in another language. Young Platform, one of Italy's crypto exchanges, pulled in a €22.5M round led by the asset-management group Azimut. It ran across the Italian business press, Milano Finanza and StartupItalia, and barely registered in US crypto feeds. Fundable had it as a deal the day it broke.

Sometimes the raise isn't a press release, it's a token sale on-chain. Credible, a Solana payments startup backed by Circle and Colosseum, opened a community raise on MetaDAO, announced in a post on X and reshared by Solana. It pulled in over $32M of commitments against a $4M cap, more than 10x oversubscribed. The whole thing ran in crypto-native channels, not the mainstream outlets most people check. Fundable logged it as a deal the day it posted.

Different languages, different corners of the internet, same result: Fundable reads thousands of sources across every region and pulls them into one place as real-time data. You see the round the hour it breaks, flowing straight into your sourcing or outbound workflow via API, MCP, or the site.

tryfundable.ai

Venture Capital

• Alta, a blockchain startup, raises $47.5M led by Index Ventures (TB)

Access the complete VC deal flow on Fundable.

Launches

• Jupiter launches four products (DC)

• Walt launches crypto trading app (TB)

• Onramp launches business bitcoin accounts (BM)

• Pump.fun adds cross margin (TD)

Regulation

• Republicans threaten Jensen Huang with subpoena (DC)

• Coinbase, Kalshi and Payward back CFTC in lawsuit (TB)

• Texas rep files bill letting cities invest in Bitcoin (BM)

• Poland backs sanctions bill covering crypto (CT)

Cybersecurity

• Binance warns of Apple iOS flaw (DC)

• Near AI breach exposes user data (DC)

• Across Protocol warns users to avoid app (CT)

Extra Reads

• The booming prediction markets that let people bet on elections and events have operated with little oversight, and that era may be ending, as crypto's toughest Senate critic prepares to take the Banking gavel with those platforms in her sights - Here's why prediction markets may finally face real scrutiny

Chart of the Day

The total supply of onchain tokenized equities surges by $932M

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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.