Strategy Sells $216M Bitcoin

Good Morning,

Here's a quick preview of today's content: Bonk Treasury drained of $20M in attack, UK funding rules hit crypto billionaire donors, Former Tether CIO plans sale of stake in stablecoin giant, JPMorgan's tokenized fund grows 250%, Trump's bitcoin reserve hits a legal hurdle, and so much more

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 +5.6% Gannon's AI Fund is up +52.5%

• Bitcoin steadies above $64,000, recouping early decline in best week since March

  • ETH leads crypto's hold above key levels as altcoin optimism returns

  • BTC price fell -4% earlier on Strategy sale before recovering, with inflation outlook supporting bulls

• Bitcoin mining stocks jump while stablecoin transaction volume hits record $1.79T

Prediction Markets

• Bettors on Polymarket are predicting Ethereum price in July?

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

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

• President Trump says he's a 'big crypto guy' (TB)

• Strategy sells $216M bitcoin in overhaul (BBG)

• Trump signals openness to crypto in Trump Accounts (BM)

• Trump's bitcoin reserve hits a legal hurdle (BBG)

• TeraWulf signs $19B lease with Anthropic (DC)

• Judge revives fraud claim against Barry Silbert (TB)

• UK foreign secretary warns of 'AI Hiroshima' (DC)

• American Bitcoin pushes treasury past 8,000 BTC (BM)

• Ripple secures full MiCA for crypto services (TB)

• Tom Lee's BitMine adds $73M in ether (DC)

• JPMorgan's tokenized fund grows 250% (TD)

• Vitalik Buterin outlines 'Lean Ethereum' roadmap (TD)

• Securitize eyes acquisitions with $400M (CD)

• Strive adds 17.76 bitcoin (BM)

• Dormant $1.9M Bitcoin moves after 15 years (CT)

• Keel hires data center veteran as president (TB)

• AVAX One launches CEO search (TB)

• Yield Guild kills crypto game publishing arm (DC)

Venture Capital

• Crypto startup M1X Global raises $5.5M led by Paradigm (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Former Tether CIO plans sale of stake in stablecoin giant (BBG)

Launches

• Sber bank prepares crypto wallet launch (TB)

Regulation

• UK funding rules hit crypto billionaire donors (DC)

• FCA warns of shakeup as AI meets tokenization (CT)

• South Korea develops crypto procedures (TB)

• Belgium flags 6 unauthorized crypto providers (CT)

Cybersecurity

• Bonk Treasury drained of $20M in attack (DC)

• DeFi protocol Summer Finance exploited for $6M (TB)

• Thousands of crypto wallets at risk from vulnerability (CT)

Extra Reads

• Sovereign wealth funds collectively manage more than $13T, so a tiny shift in how they allocate can signal institutional acceptance to the rest of the market, and a handful have quietly started moving into crypto - Here's how sovereign wealth funds invest in crypto

Chart of the Day

Bitcoin held in long-term addresses hits an all-time high

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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.