Crypto Becomes Geopolitical Weapon

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Good Morning,

Here's a quick preview of today's content: Hyperliquid urges SEC to harmonize rules for perps, UK banks still block Bitcoin, Hugging Face explores $13B sale, Stand With Crypto ramps up midterm push, Strategy skips bitcoin buy and establishes USD reserve, and so much more

Polymarket recently launched Polymarket Institutional Research, a publication exploring the intersection of prediction markets with the global financial system. It's proprietary research straight from their institutional desk with super valuable insights for public market investors. You can request access here.

Happy Tuesday - 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 +15.7% Gannon's AI Fund is up +56.6%

• Bitcoin stalls a cent below $80,000 as altcoins give back weekend gains

  • BTC touched $79,999.99, its highest since May, extending a four-session rally that produced its largest weekly dollar gain in history

  • BTC and ETH ETFs grew $23B last week, with BTC ETF inflows hitting $1.9B in the strongest week since October

  • ZEC hits an eight-year high as futures bets nearly double and HYPE hits a record high

• Total crypto market value slipped -0.7% to $2.68T

Prediction Markets

• Bettors on Polymarket are predicting Democratic Presidential nominee?

• 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 escalates Iran pressure with sanctions on crypto (TB)

• US soldier accused of illegal Polymarket bet (CT)

• Strategy skips bitcoin buy and establishes USD reserve (BM)

• Stand With Crypto ramps up midterm push (TB)

• Coinbase launches tokenized stocks on Base (TD)

• Strive stock soars after 1,110 BTC buy (BM)

• Hugging Face explores $13B sale (DC)

• Bitmine buys another $81M in Ethereum (DC)

• UK banks still block Bitcoin (BM)

• Gemini provides crypto prediction markets for Apex (TB)

• Banks and regulators join quantum-resistant crypto pilot (CT)

• Standard Chartered distributes Hong Kong stablecoin (CD)

• Phantom drops Sui in second chain exit (BL)

A Message from Polymarket

Introducing Polymarket Institutional Research

Polymarket puts live odds on risks that touch every corner of financial markets. The latest:

• Carry Trade Unwind: Is the biggest leveraged trade on earth about to reverse?

• The Hormuz Reopening Gap: Why has the Brent-WTI spread not caught up to Polymarket?

• JetBlue Left Tail: Credit markets price 5-year JetBlue CDS near 1,000bps. The same risk on Polymarket: 4%. One of those is wrong.

• Forced Seller: How Polymarket traders monitored the Situational Awareness situation

Onboard to Polymarket Institutional Research for:

• Weekly briefings on the forecasts driving financial markets.

• Deep dives on event-driven dislocations and LP opportunities

• Liquidity & microstructure reports with full-depth data

• Direct access to our research team via a dedicated Slack channel

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Venture Capital

• Neobank platform Fasset raises $68M raise led by SBI Group (TB)

Access the complete VC deal flow on Fundable.

Launches

• MEXC launches RealStocks API (FM)

• Kinetiq unveils Elysium L2 (BL)

Regulation

• Hyperliquid urges SEC to harmonize rules for perps (TB)

• Pakistan sets deadline for crypto firms to register (DC)

Extra Reads

• The story of AI and fraud is usually about deepfakes and voice cloning making scams worse, but the same tools can flip the script, unleashing armies of gullible-sounding bots that exploit scammers' own greed and waste hundreds of days of their time - Here's how fake AI victims are scam-baiting fraudsters

Chart of the Day

AI chip electricity demand is projected to surge to 315 GW by 2033

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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.