The USD Stablecoin

Together with

Good Morning,

Here's a quick preview of today's content: Malicious iOS app linked to $580K crypto theft, CFTC prepares for on-chain markets, MoonPay acquires investment platform North Capital, Former Hack VC partner found dead, White House adviser defends Trump's crypto ties, 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.

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 +25.8% Gannon's AI Fund is up +67.9%

• Bitcoin falls through its $86,000 ETF cost basis as soaring Treasury yields turn the whole market lower

  • Crypto market value fell -2.27% to $2.96T as BTC dipped under $84K, with $280M in long liquidations

  • DOGE dropped -8.3% and HBAR -9.9%, with UNI giving back its entire CME-listing spike, though ZEC bucked the trend with a +10% gain

  • BTC ETFs took in $1.7B over two days as flows turned positive

• Stablecoin cross-border flows surge +78% and Brazil tops a redesigned adoption index, defying the broader slump

Prediction Markets

• MLB postseason is coming up, who's winning the World Series?

• 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}}

• US weighs initiative to promote dollar-backed stablecoin (BBG)

• NYSE and Blockchain.com partner on tokenized stocks (DC)

• White House adviser defends Trump's crypto ties (CD)

• Trump reveals $100K Strategy stock purchase (CT)

• AI agent hacks a government website (DC)

• Former Hack VC partner found dead (CD)

• Treasury secretary emerges as frontrunner for Trump's AI czar (CT)

• Kalshi says it is not being investigated by the CFTC (CD)

• Fake interviews drain $11M from 7,000 crypto wallets (DC)

• OpenAI and Anthropic brief UN on AI risks (CT)

• BlackRock says AI could drive crypto adoption (CD)

• Stablecoin adoption rises to 56% with protections (TB)

• Hut 8 wins bidding for Texas data centers (TB)

• FTX and Alameda-linked wallets move $75M (CD)

• Solana starts testing upgrade (CD)

• Galaxy adds $100M in sUSDS to treasury (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

M&A Announcements

• Crypto payments company MoonPay acquires investment platform North Capital (CD)

Launches

• Raiffeisen offers crypto trading across EU (CT)

• 21Shares lists Europe's first Zcash ETP (DC)

• Bitwise launches Lighter ETP (CT)

• Susquehanna launches a student contest (BBG)

Regulation

• CFTC prepares for on-chain markets (BM)

• Senate calls for prediction markets hearing (TB)

• ESMA prioritizes tokenization supervision (CT)

Cybersecurity

• Former Polish officer charged in Zondacrypto probe (DC)

• China probes DeepSeek and Moonshot over data leaks (DC)

• Malicious iOS app linked to $580K crypto theft (CT)

Extra Reads

• While the crypto industry's big conferences chase celebrity speakers, the FBI has quietly run its own annual gathering for nine years, an invite-only symposium where investigators and blockchain-forensics firms trade intelligence on the people stealing crypto - Here's inside the FBI's little-known crypto crime summit

Chart of the Day

Altcoin holders remain mostly underwater

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.