Good morning, everybody.
It’s Wednesday, November 19, 2025 — and this is your Daily Crypto News.
I’m Matt. Yesterday’s show got hit with a double whammy — Cloudflare went down, and I forgot to hit publish.
So today you’re getting a two-for-one. Let’s jump right into what broke the internet.
CLOUDFLARE CRASHES THE INTERNET
Yesterday, Cloudflare — the company that quietly powers most of the internet — went down hard.
Jameson Lopp summed it up perfectly:
“We took a decentralized technology and made it fragile by centralizing it behind a handful of providers.”
He wasn’t wrong. When Cloudflare failed, 10–15% of global internet traffic went dark — including X, ChatGPT, and half the tools we use to publish DCN.
So what happened?
A bad permissions change in one of Cloudflare’s ClickHouse database clusters doubled the size of a “feature file” used by its bot-management system.
That bloated file got replicated across every global server, tripping a hard limit and sending the network into a 500-error meltdown.
To make things worse, the system kept looping between “good file” and “bad file” versions every five minutes — making it look like a DDoS attack.
Full service didn’t return until roughly 17:06 UTC.
Cloudflare confirmed: no hack, no attack — just bad code.
It was the company’s worst outage since 2019.
My Take
Fifteen percent of the world’s internet disappearing because one company messed up?
That’s not decentralization — that’s fragility.
If this is the backbone of the “modern web,” it’s a scary reminder of how thin that backbone really is.
CRYPTO MARKET STRUCTURE BILL INCOMING
Senator Tim Scott says he’s pushing to mark up a crypto market-structure bill in December and get it to President Trump’s desk early next year.
Republicans control 53 seats, but they’ll need 60 votes to break a filibuster.
The Senate Banking and Agriculture Committees are merging their drafts with the House-passed Clarity Act.
Coinbase CEO Brian Armstrong has been lobbying hard in D.C., saying he’s seeing “real progress.”
My Take
Here we go again — Washington pretending they just discovered crypto exists.
They’ve had years to clarify the rules.
Now it’s all photo ops and billionaires whispering in lawmakers’ ears.
This isn’t regulation — it’s performance art.
CONGRESSMAN BUYS THE DIP — WHILE IN OFFICE
Representative Brandon Gill, a Trump ally and former investment banker, reported up to $300,000 more in Bitcoin ETF purchases, bringing his total 2025 buys to as much as $2.6 million.
The kicker? He filed some of them late — which technically violates the STOCK Act.
The fine? $200.
And the ethics office waived it.
Gill’s timing overlaps with major Trump crypto announcements — raising the usual insider-trading eyebrows.
My Take
You and I forget to file a tax form — we get penalties.
They forget to file half a million in Bitcoin trades — they get a wink and a nod.
Washington doesn’t need clearer crypto laws; it needs accountability.
MARKET OUTLOOK: BEAR OR TRAP?
Crypto analyst Cryptocurrently says Bitcoin closing below the 50-week moving average means “assume the top is in until proven otherwise.”
He sees a shallow bear market lasting through 2026, possibly revisiting $45–50K before a rebound.
Craig Cobb, on Monday’s show, echoed part of that — saying we’re still technically in an uptrend on the monthly, even as short-term candles go red.
Translation: this is the cradle zone… Maybe
My Take
I’m calling it Schrödinger’s bull market.
We’re both bull and bear until liquidity says otherwise.
I’m still DCA-ing — $50 a week — just to see where this ship lands.
KRAKEN RAISES $800M AHEAD OF IPO
Kraken just closed an $800 million round led by Citadel Securities, putting the exchange’s valuation at $20 billion.
An IPO is now planned for early 2026.
They’re expanding into Latin America, Asia-Pacific, and Europe, with new products and institutional tools on deck.
My Take
I love Kraken — I just don’t love IPOs.
They’re exit events for insiders.
Still, I’m setting aside $3,000 to ladder in if it looks solid: $1K on launch, $1K a week later, $1K after that.
We’ll see if this one breaks the Coinbase curse.
HAWK TUAH GIRL JOINS MEME-COIN LAWSUIT
Hayley Welch — the viral “Hawk Tuah” meme celebrity — has officially been added to a class-action lawsuit over the Solana meme-coin rug pull she promoted.
Court filings say she was paid $325,000 to help push the token, which pumped to a $490M market cap before crashing 93% in minutes.
Her company 16 Minutes LLC is also named.
The lawsuit claims wallets tied to that launch were linked to other scams like Libra and M3M3.
My Take
This is influencer marketing meeting the blockchain hangover.
She probably had no clue what she was endorsing — but $325K to say “Hawk Tuah”? Yeah, somebody’s getting sued.
BANKS CAN NOW HOLD CRYPTO
The U.S. Treasury’s Office of the Comptroller of the Currency (OCC) just authorized national banks to hold crypto on their balance sheets — at least for operational purposes.
They can now keep digital assets to:
Pay network and gas fees
Test blockchain integrations
Run on-chain experiments
This marks a full reversal from the Biden-era bans that required explicit approval for any crypto exposure.
My Take
Big shift. Banks aren’t just “crypto-friendly” anymore — they’re on-chain.
This isn’t about speculation; it’s about infrastructure.
Crypto is quietly becoming part of the financial plumbing.
CRYPTO PRICES — 8:10 AM ET
Bitcoin (BTC): $91,643 (+0.3%)
Ethereum (ETH): $3,093 (+1.7%)
XRP: $2.13 (–2.1%)
BNB: $922 (+0.7%)
Solana (SOL): $138 (+0.5%)
TRON (TRX): $0.287 (–0.7%)
Dogecoin (DOGE): $0.158 (+0.9%)
Cardano (ADA): $0.467 (flat)
Zcash (ZEC): +12.5% today, +34% on the week
Total Market Cap: $3.14T (+0.4%)
Bitcoin Dominance: $1.82T
Ethereum Dominance: $373B
Fear & Greed Index: 16 — Extreme Fear
RSI: 44 — Oversold
SUMMARY
Cloudflare reminded us how fragile the internet really is.
Washington’s pretending to regulate crypto while trading it themselves.
Kraken’s IPO is coming, banks can now hold crypto, and the bear market might just be a mirage.
Whether you’re buying the dip or just surviving it, keep your head clear — and your keys closer.
Happy HODLing, Everyone.
References & Affiliates
🌐 Cloudflare Explains November 18, 2025 Outage
🏛️ Sen. Tim Scott Eyes December for Crypto Market Structure Bill
💰 Trump Congressional Ally Reveals Six-Figure Bitcoin Purchase
🏦 Kraken Raises $800 Million at $20 Billion Valuation
💼 “Hawk Tuah” Girl Faces Solana Meme Coin Lawsuit After Cooperating With Law Firm
💸 Treasury Department Says Banks Can Keep Crypto on Balance Sheets in Certain Cases
Self-Custody Crypto Roth IRA: athenic.xyz
Use Code DCN for $30 off: DCN
Where to Find DCN:
🌐 DailyCryptoNews.net
🐦 twitter.com/DCNDailyCrypto
📈 Trader Cobb on X
🌿 The Grow Me Co
Disclaimer
This content is not financial, legal, or tax advice. It reflects personal opinions for educational and entertainment purposes only.
I am not a financial advisor or expert, and I do not guarantee any specific outcome.
Always do your own research before making any investment or financial decisions.
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