Good morning, everybody. We’re back in the USA—back in the Cleveland, Ohio area—and yes, I’m enjoying the week so far. If you’re enjoying it too, swing by dailycrypto.net for our morning briefs, nightly roundups, and deeper dives. On Spotify or Apple? A quick ⭐⭐⭐⭐⭐ and a comment goes a long way. We read (and reply on Spotify). Alright—let’s get into it.
📊 Exchanges Seek to Facilitate Spot Crypto Trading With SEC and CFTC
🎬 Bitcoin Blockbuster: Casey Affleck and Pete Davidson Star in Satoshi Film
⚡ Solana Speed Boost With Alpenglow Upgrade
💰 Winklevoss’ Gemini Eyes $2.3 Billion Valuation in Public Offering
📈 Bitcoin Price Breaks 2-Week Downtrend, Targets $112K
🛒 8 Crazy Things You Can Actually Buy With Crypto (2025 Edition)
📉 Trader Cobb & Market Training via The Grow Me Co
SEC + CFTC Joint Signal: A (Qualified) Green Light for Spot Crypto on Big Boards
What happened: The SEC and CFTC issued a joint statement saying exchanges registered with both agencies can facilitate trading of certain spot crypto products tied to leverage, margin, and financed retail commodity transactions. The backdrop here is the President’s Working Group push for clarity earlier this year and a broader friendlier stance toward digital assets under the Trump administration (lawsuits dropped, cooperation signaled).
Reading between the lines:
Acting CFTC Chair Caroline Pham framed it as a win for “safe, registered venues.”
VanEck’s Matthew Sigel suggested this paves the way for NYSE and NASDAQ to list spot BTC and ETH—massive if it materializes.
Exchanges could partner with custodians for customer accounts and use reference price sharing across venues to strengthen surveillance.
Skeptic’s corner: Former SEC staffer Amanda Fisher called out the lack of detail/authority, i.e., this may be more of a policy vibe than a full rulebook—leaving plenty of gray for enforcement. Still: as a public signal, it’s the most constructive handshake we’ve seen between the agencies on spot crypto.
My take: If the Big Two (NYSE/NASDAQ) actually flip the switch on spot BTC/ETH, it’s generational. Do I love the optics of TradFi absorbing crypto’s crown jewels? I’m mixed. More access and liquidity—yes. But we also invite old guard frictions (and rent-taking) into the core rails. Eyes wide open.
Hollywood Is Doing Bitcoin Lore: Killing Satoshi
The project: Killing Satoshi, directed by Doug Liman (The Bourne Identity, Mr. & Mrs. Smith), starring Casey Affleckand Pete Davidson, screenplay by Nick Schenk (Gran Torino, The Mule). Producer Ryan Kavanaugh is framing it as a cousin to The Social Network—how tech reshapes power.
Premise: An elite cabal tries to bury the truth about Satoshi Nakamoto; unlikely anti-heroes push back. Filming begins October in London; release targeting 2026.
Context that still matters: Satoshi vanished in 2011 and is believed to hold ~1.1M BTC (≈ $122B at today’s prices). Whether or not those coins move, that stash remains one of the most fascinating (and chilling) facts in modern finance. Please, Hollywood—don’t botch this. The ingredients are actually good.
Solana’s “Alpenglow” Upgrade: Speed Aims for TradFi Latency
The vote: 98% of validators approved Alpenglow, a consensus rewrite from Anza that targets confirmation times of ~150–200 ms (down from ~1s) and aims to let venues credit deposits far faster than the current ~12.5s finality window.
Timeline:
Testnet: targeted for Breakpoint (December)
Mainnet: Q1 2026 (tentative)
Why it’s a big deal: This pushes Solana closer to TradFi-grade speed and resilience, bringing the “global internet-scale markets” vision within striking distance. Multicoin’s Kyle Samani called it Solana’s most significant rewrite yet. The team’s long-term aspiration: 1,000,000 TPS (with 100,000 TPS already shown in tests).
Price talk: Could it pump? Maybe—infra upgrades often lag price action until devs/exchanges exploit the new throughput. But the institutional and public-sector use cases this unlocks might matter even more than the short-term chart.
Gemini’s IPO: $317M Raise Target at a $2.3B Valuation
Deal terms (as filed):
Up to $317M via public offering
16.6M Class A shares
$17–$19 price range
Lead underwriters: Goldman Sachs, Citi, Morgan Stanley, Cantor Fitzgerald
Context: Follows Circle (quadrupled on debut) and Bullish (tripled day one). The regulatory winds are more favorable now, and the Winklevoss proximity to the White House doesn’t hurt. SEC paused its suit against Gemini’s lending program after the administration change. The twins also launched a $21M pro-crypto PAC aimed against Democrats ahead of the 2026 midterms—and, yes, they’ve had frequent White House cameos.
My honest read: Could it pop day one? Sure. But in a Coinbase/Kraken world, Gemini isn’t the market’s center of gravity. I can imagine a policy/conntection - tailwind pump and quick rotations through the order book… then a reality check on business fundamentals. Not investment advice—just how this tape trades when the crowd piles into a brand they know.
Market Structure & Levels: Breakout Watch, But Don’t Lose the Plot
Where we are (this morning, ~8:21 a.m. ET):
Fear & Greed: 42 (neutral/edging cautious)
BTC: $111,613 (+1.9% 24h; modestly green week)
ETH: $4,368 (+0.7% 24h)
XRP: $0.286 (+2.4%)
BNB: $854 (+0.9%)
SOL: $211 (+5.0%)
DOGE: $0.216 (+3.0%)
TRX: $0.339 (+0.6%)
ADA: $0.834 (+2.6%)
Total Crypto Mkt Cap: $3.84T (+1.7% 24h)
BTC cap: $2.20T
ETH cap: $527.2B
Key BTC levels I’m respecting:
$112K: near-term resistance/liquidation band; a firm close through it can flip the tone quick.
$110K: must-hold “lifeline” area to keep momentum constructive.
$105K: where I start to worry about the structure if we spend time below.
ETH:
$4,500 is the comfort line; lose $4,000 and sentiment can flip faster than you think.
Craig Cobb: “Don’t Freak Out, Zoom Out”
Craig Cobb from TheGrowMeCo.Com came in with a much-needed perspective reset, reminding everyone to match their timeframe to their thesis. If your investment horizon is measured in months or years, you can’t let four-hour candles dictate your emotions or convince you the sky is falling.
Looking at the bigger picture, Craig pointed out that the monthly Bitcoin chart is still in a roaring uptrend. Even a pullback to $90,000, while painful in the short term, would still be structurally fine. He explained how he manages these swings by scaling out into strength, locking in profits as he goes, and then shorting weakness on the way down to reload positions at lower prices.
Right now, he’s watching AVAX on a two-day breakout setup. It’s just peeking through resistance—a move he colorfully described as a “bee’s-dick break,” one of his signature phrases. For Craig, the bottom line is simple: don’t freak out, zoom out. If you believe in your thesis, don’t let a bad week ruin a good year.
Links to Craig’s Discord and newsletter are included in our show notes if you want to dig deeper into his strategies.
What You Can Actually Buy with Crypto in 2025 (Some of this is wild)
A sampling from today’s list:
DNA-based time capsules. Pay in BTC/ETH to preserve DNA/personal memories in secure biobanks.
Autonomous AI agents. Agents with spending permissions that scan QR codes / NFC and transact for you under pre-set rules. (Payments giants are quietly building rails for this.)
Cryonics. Alcor, LEF, etc. accept crypto for whole-body (~$250K) or neuro (~$80K) preservation—plus annual membership dues.
Luxury cars. Not every Bentley/Bugatti will take BTC—but BitPay-powered dealers do.
Tokenized racehorses. Platforms like HoofBarn fractionalize real horses via on-chain tokens.
Cosmetic + biohacking clinics. Dubai and other hubs are moving toward crypto for stem cells, NAD+, peptides, and the bleeding edge (read: experimental).
Real estate. Christie’s International Real Estate and Proppy support crypto-enabled closings in select jurisdictions.
Watches/jewelry. Plenty of luxury retailers now accept BTC + stablecoins.
Yes, much of this list skews “rich-people problems,” but it does show how crypto rails are actually being used—beyond trading.
Quick PSA: Your Wallet, Your Rules (and your privacy)
If you’re serious about sovereignty and privacy, your wallet stack matters more than ever. A clean, vetted starting point: Jameson Lopp’s curated list of recommended Bitcoin wallets. If you’re still parked on exchanges, this is your sign.
Final Thoughts
Regulators appear to be making room for spot markets on major exchanges—even if the “how” is still fuzzy.
Solana is engineering for sub-second UX that matches how finance actually feels in 2025.
Gemini wants the public-market halo; we’ll see if fundamentals justify the glow.
BTC/ETH levels are clear; we’re green today, but this tape still punishes indecision.
And if you feel yourself doomscrolling the 4H—take Craig’s advice: zoom out.
Questions, charts you want me to review, or a connection map you want me to trace? Hit us on Substack or Spotifycomments, or email matt@dailycrypto.net.
Until tomorrow—happy hodling, everyone.
