Good morning, everybody. It’s your Daily Crypto News. I’m Matt. Not much rambling today—any spice is baked right into the stories. Let’s go
📊 US Consumer Inflation (CPI) Report for July
🤖 AI Giants Face FTC Inquiry Into Chatbot Safety and Child Protections
⚖️ Coinbase Says SEC Destroyed Gensler Texts, Demands Court Sanctions
💹 The Next Big Crypto IPO: Gemini’s Public Offering Explained
🐋 Bitcoin Whale Awakens After 13 Years — Crypto Treasury Fund?
🗣️ Charlie Kirk’s Murder Debate Sparks Crypto Trader Ethics Clash
📉 Trader Cobb & Market Training via The Grow Me Co
Macro: CPI holds, tariffs bite, Fed still lining up a cut
Headline CPI (July): 2.7% YoY (steady). Gas helped, tariffs didn’t.
Core CPI (ex-food & energy): +0.3% MoM, 3.1% YoY (fastest monthly pace since January).
What’s actually happening: companies front-loaded inventory before tariffs hit. That cheaper stock is getting replaced now with tariff-priced inventory, so costs are drifting higher into fall. You can feel it at the margins—footwear +1.4%, furniture +0.9%, outdoor gear +2.2%, linens +2.1%; appliances -1%; housing cooled a touch.
Read-through: Nothing’s “bad enough” to derail the expected September Fed cut, especially with softer jobs data and tariff pass-through nibbling at purchasing power. I still think holiday spending is the canary—if it’s weak, it will be obvious.
FTC to Big AI: tell us how you handle kids (and, uh, maybe adults?)
The FTC opened a broad probe into how chatbots treat children and teens—compulsory orders to OpenAI, Alphabet, Meta, xAI, Snap, Character.ai/Instagram, etc. Firms have 45 days to detail monetization, character design, guardrails,and age-sliced outcomes.
A cited test found 669 harmful interactions in ~50 hours (sexual live streams, drugs, romance content aimed at 12-year-olds). Chair Andrew Ferguson framed this as a Trump–Vance–era priority.
My take: “Protect the kids” is always the political on-ramp—but adults need protection/agency here too. We’re sliding into a world where voice-cloned call centers and AI agents sell you insurance or financial products with corporate values baked in, while heavy filters sanitize “adult” conversations for… adults. If the response becomes universal ID gating to access less-censored models, we’ve traded privacy for “safety” again. Guardrails matter—but so does speech and consent.
Coinbase asks court to sanction SEC over wiped Gensler texts
Coinbase moved to sanction the SEC after the Inspector General confirmed ~1 year of Gary Gensler’s texts (Oct ’22–Sept ’23) were permanently deleted by an IT device-wipe policy. Coinbase wants sanctions, expedited discovery, and immediate production, arguing the “destroy & delay” posture damaged transparency during the FTX collapse, Grayscale/ETF fights, and FOIA disputes over Ethereum policy. The IG also flagged possible record losses across devices used by ~40 senior SEC officials.
This isn’t a small clerical error—these are the months that shaped crypto enforcement. If your first instinct is “honest mistake,” I have a meme coin to sell you.
Gemini IPO: am I aping or not?
Gemini prices at $28/share, implying ~$3–3.5B valuation; underwriters set aside ~10% of shares for a directed program; likely $400M+ in gross proceeds. The ticker was showing as registered pre-open; as usual, actual trading prints tend to hit late AM/midday.
Full disclosure: I wired funds in case I ape. I’m watching the open. Do I see Gemini worth < $3B medium-term? No. But we’ve all lived Coinbase/Robinhood: euphoric pop → gravity → macro cycle. We’re still in a bull—so is this a winner out the gate, or does it need seasoning first? Tell me what you did.
Old whales keep waking up
2012 wallet (bought around $12/BTC) just moved 137 BTC (~$16M) after 13 years idle.
We’ve seen a drumbeat of similar moves this year—some rotate into ETH, some hit perps/venues, some just derisk a slice.
If you sat on ~445 BTC since 2012 and peel a third for eight figures—no judgment. I’d be speccing paint on a Porsche too.
Jeroen: “You called a GT3 silly.”
Track toy? I’d rock it. Daily? Give me a slick manual with a great stereo and no dinner-table wing. Two cars can be true.
Ethics corner: trading the news… when the news is a killing
Within hours of Charlie Kirk’s assassination, devs launched four Kirk-themed Solana tokens; one peaked at $36M FDV; deployers took in ~$563K in royalties; top traders netted ~$1.6M.
Is it a free market? Yes. Is financializing murder corrosive? Also yes. Platforms like Pump.Fun are now the frontline of that debate.
DCA how-to (because Mikey asked)
I’m not actively buying right now, but when I do DCA I keep it caveman-simple.. I sent a calendar reminder. But you can also:
Coinbase: Trade → Buy → Select asset → Amount → “Repeat this buy” → daily/weekly/biweekly/monthly → pick funding → confirm. (Fees each run.)
Kraken: Similar flow; note you’ll need intermediate verification for some recurring features. Fees are generally lower; UI is actually cleaner these days.
If you’re not mentally present, don’t trade. No FOMO buys without headspace and a plan.
Prices
9:45 a.m. ET — Fear & Greed: 50 (dead center)
BTC $114,955
ETH $4,514 (+2.7% 24h)
XRP $3.03 (+1.2% 24h)
SOL $238 (+5.0% 24h, +14% 7d)
BNB $908 (+1.1% 24h, +6% 7d)
DOGE $0.261 (+4.9% 24h, +~20% 7d)
TRX $0.347 (+1.0% 24h)
ADA $0.887 (+1.0% 24h)
USDC #7 by cap
HYPERLIQUID at #11, LINK at #12; top-10 gaps are large (DOGE would need to ~2x to catch USDC)
Market cap: $3.89T (green day)
BTC: $2.25T
ETH: $518B
Hit me with your Gemini IPO moves, your tariff-pain anecdotes, or your take on the FTC’s approach to AI. Spotify comments or matt@dailycryptonews.net.
Until next time—happy HODLing, everyone.
