Good morning, everyone — it’s your Daily Crypto News. I’m Matt, and today’s episode comes to you from a full house. You might hear some background noise, but we’re going to power through. Let’s dive in.
🏆 Bitcoin Breaks $124K, Sets New All-Time High
💹 Bitcoin Surpasses Google to Become Fifth-Largest Asset as Fed Rate Cut Bets Rise
📈 Ether ETFs See Second-Biggest Inflows as ETH Hits New High
⚖️ Justin Sun Sues Bloomberg, Plans to Publish Confidential Crypto Holdings
💵 MetaMask to Launch New Stablecoin, MMUSD
📱 Google Clarifies Play Store Crypto Wallet Policy After Backlash
💸 Coinbase Loses $300K in MEV Exploit After 0x Swapper Contract Misstep
📉 Trader Cobb & Market Training via The Grow Me Co
https://charts.bitbo.io
Bitcoin Breaks Records, Ethereum ETFs See Massive Inflows
We hit a new all-time high for Bitcoin — over $124,000. That’s not just a number; it’s a milestone that pushed us past Google to become the fifth-largest asset by market cap at about $2.5 trillion.
What’s driving it? A mix of strong U.S. equity performance and serious money flowing into Ethereum. Spot ETH ETFs saw $729 million in inflows on Wednesday alone — the second-largest daily inflow ever, just behind Monday’s $1.02 billion. That’s real momentum. Bitcoin dominance has slipped to about 59%, signaling that Ethereum and maybe some other alts are starting to attract more capital.
My take: This feels like one of those moments where the tide is shifting. Bitcoin’s not losing relevance — far from it — but the capital rotation into ETH tells me institutional money isn’t here for just one asset. This is good for the overall market health.
Justin Sun Sues Bloomberg Over Billionaire List Data
Justin Sun is suing Bloomberg in federal court to stop them from publishing detailed information about his crypto holdings. His argument: releasing specifics would make him a target for theft, hacking, even kidnapping. He claims the data was given strictly to verify his billionaire status for Bloomberg’s index and under explicit confidentiality.
Bloomberg apparently intends to publish soon, so Sun’s asking for injunctions, a jury trial, and attorney fees.
Here’s where I stand: privacy matters, especially in crypto. But if you voluntarily submit your net worth to a publication for bragging rights, you can’t be shocked when they want transparency. If Bloomberg doesn’t publish similar data for other billionaires, then maybe he’s being singled out — but the ego play here is obvious.
MetaMask to Launch MMUSD Stablecoin with Stripe
MetaMask is reportedly set to launch its own stablecoin — MMUSD — possibly as soon as Thursday. Stripe’s going to provide payment infrastructure, and a deleted governance proposal hinted that MMUSD could become the primary trading pair across MetaMask services.
Stablecoins are currently a $280 billion market, projected to hit $750 billion by 2026. Stripe’s involvement is notable — they bought a stablecoin platform last year for $1.1 billion.
My take: Stablecoins are one of the purest profit engines in crypto. The question is, how do we as investors capture that upside? Stripe’s still private, so unless they IPO, we can’t buy in directly. If they do — and they’ve built out the infrastructure — I’m aping in. Not financial advice, but worth watching.
Google Play Store Wallet Policy Sparks Backlash
Google updated its Play Store policy, and crypto Twitter exploded thinking non-custodial wallets were about to be banned without banking licenses. Turns out, the change is aimed at custodial wallets — the kind that hold your funds — in 15 major jurisdictions.
If you’re a custodial service, they want you licensed and compliant. Personally, I think that’s reasonable. If you’re holding someone else’s money, there should be accountability. But self-custody? That’s different — and it needs to stay outside that regulatory net.
Coinbase Loses $300K to MEV Bot Exploit
Coinbase lost around $300,000 when one of its corporate wallets mistakenly granted token spending rights to a 0x swapper contract. MEV bots — those blockchain snipers that reorder transactions for profit — drained the wallet before Coinbase could revoke access.
No customer funds were touched, and Coinbase’s CSO called it an isolated incident. Still, it’s a reminder that even big exchanges can make costly on-chain mistakes.
Listener Question: What Metrics Do I Watch?
Brandon wrote in asking what market metrics I track beyond RSI, fear/greed, and Bitcoin dominance.
Here’s my shortlist:
Dollar Index (DXY) — Bitcoin often moves opposite the dollar’s strength.
M2 Money Supply / Global Liquidity — More liquidity usually means more risk-on behavior.
Tech Sector Risk Appetite — If the “Mag 7” or AI stocks are ripping, risk appetite is healthy.
Mayor Multiple — Good for spotting overbought or oversold BTC conditions.
I also recommend charts.bitbo.io for a clean dashboard and checking out the YouTube channel CryptoCurrently (above) — no hype, just rational analysis.
Crypto Prices
(As of 10:00 a.m. EST, Fear & Greed Index: 68 — greedy)
Bitcoin (BTC) – $118,500 | -2.7% 24h | Market Cap: $2.35T
Ethereum (ETH) – $4,614 | -1.1% 24h | Market Cap: $356.7B
XRP – $3.11 | -5.2% 24h
BNB – $844 | -0.85% 24h
Solana (SOL) – $194 | -3.5% 24h
Dogecoin (DOGE) – $0.226 | -7% 24h
Tron (TRX) – $0.361 | +0.85% 24h
Cardano (ADA) – $0.933 | +6% 24h
Total Crypto Market Cap: $4.02T (-2.3% 24h)
That’s it for today’s rundown. Kyle’s back tomorrow, and I’ll be in and out depending on where the day takes me. You might see some random live rants if something big drops.
Until then — Happy HODLing, Everyone.
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