Good morning, everyone. It’s Election Day in the U.S., and markets are wobbly. Let’s dive in.
Balancer’s $116M Heist Shows “Slow Is Smooth” Crime
“Repeated 0.1 ETH deposits… showing long-term planning.”
Investigators say the Balancer attacker prepped for months, seeding wallets via Tornado Cash with tiny, varied deposits to avoid pattern flags. Balancer offered a 20% bounty and framed the loss as a governance failure more than a pure code bug. Analysts liken the patience and OPSEC to nation-state tradecraft—think Lazarus-style methodical.
MY TAKE
The “grab $100M and sprint” crook gets caught; the quiet ant with 0.1–1.0 ETH nudges doesn’t. Security teams must weight time-based behavior and governance hardening, not just signature scanners.
Ripple Buys Palisade: Building the Institutional Stack
“Custody is the foundation of blockchain business.”
Ripple acquired wallet/custody firm Palisade to deepen storage, treasury, and payments tooling for enterprises. Even with XRP ~40% off its peak, the move keeps Ripple positioned as a rails-plus-custody vendor for banks, corporates, and fintechs.
MY TAKE
If you want real enterprise flows, you ship boring, bulletproof custody. Payments follow security—never the other way around.
Google’s ‘Quantum Money’ Pitch: Beyond Blockchains
“Quantum states… making each token inherently unforgeable.”
Google Quantum AI revisits 1960s “quantum money”: unique quantum states as currency that can’t be cloned, verified by physics instead of miners or validators. It’s theoretical and hardware-dependent, but it sketches a path to ledgerless digital money issued/verified by banks with quantum gear.
MY TAKE
Fascinating, but miles out. If anything, it’s a reminder that “digital cash” is a design space—not just blockchains—where physics, math, and incentives collide.
Red October: First Down Month in Six Years
“Is it capitulation… or a natural consolidation?”
Bitcoin closed October down ~1.4% near $107K, with >$1.1B in liquidations across the market. Today’s slide toward $103K has some traders eyeing ~$92K gap fills. Others expect the usual November rebound aided by ETF inflows and macro relief.
MY TAKE
Cycles rhyme—but ETFs and policy may have changed microstructure. Respect the downside levels; don’t pretend numerology is risk management.
Listener Questions
“Use open-source encryption or it’s all fake and broken.”
Mikey weighs in on Australia’s AN0M sting: catch criminals, yes—but don’t backdoor public crypto libraries or mislabel surveillance as “encrypted.”
MY TAKE
Stings can be legit. Mislabeling “encrypted” for the public isn’t. Civil liberties matter especially when some users aren’t criminals.
“Stupid bets get stupid results.”
Rough H4nds argues Armstrong saying prediction-market keywords isn’t like throwing a game.
MY TAKE
If the subject can deterministically trigger the oracle, it’s gameable. That’s a market-design failure, not just a “don’t bet dumb” lesson.
“What’s everyone buying with everything down?”
Andrew asks where capital goes in this drawdown.
MY TAKE
In drawdowns, defaults win: BTC/ETH core, then high-conviction L1/L2 or infra you’d hold through ugly prints. Size risk; don’t hero-trade.
“ETHZilla will end the gambling BS.”
Peter (if you’re real, say hi again) says RWAs and yield will clean up the casino vibes. ETHZilla (ticker ETHZ) holds ~102K ETH, does DeFi/restaking, buybacks, and tokenization infra.
MY TAKE
Yield + custody + tokenization is a durable lane—so long as balance-sheet transparency and risk buckets are crystal clear.
Crypto Prices (9:15 a.m. ET)
Bitcoin: $103,845 (–3.9% 24h, –10.3% 7d) — Market Cap: $2.00T
Ethereum: $3,501 (–6.0% 24h, –16.0% 7d) — Market Cap: $422.8B
XRP: $2.25 (–7.0% 24h, –15.0% 7d)
BNB: $944 (–7.6% 24h, –17.4% 7d)
Solana: $161 (–8.6% 24h, –20.3% 7d)
Tron: $0.281 (–3.9% 24h, –6.0% 7d)
Dogecoin: $0.161 (–7.5% 24h, –20.0% 7d)
Cardano: $0.535 (–7.3% 24h, –20.3% 7d)
Total Market Cap: $3.4T (–4.5% 24h)
Summary
A slow-burn governance exploit sinks Balancer. Ripple fortifies custody for enterprises. Google reopens the door to ledgerless “quantum money.” Bitcoin breaks its six-year win streak for October, with November poised to test the “rebound month” cliché. Listeners push us on privacy, prediction-market design, positioning in drawdowns, and ETHZilla’s yield thesis. Manage risk; ignore superstition.
Happy HODLing, Everyone.
References & Affiliates
🍔 Steak ’n Shake’s Bitcoin Burger Comes With Actual BTC Thanks to Fold
💬 XRP Founder David Schwartz Defends Ripple’s Crypto Utility
💵 Tether and Tron Under TRM Labs Financial Scrutiny
🎯 Coinbase CEO Garners Praise and Pushback After Prediction Market Shoutouts
🚔 Police Officer Arrested for Orchestrating Businessman’s Kidnapping in Pakistan
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.
©Copyright 2025 Matthew Aaron Podcasts LLC
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References & Affiliates
🍔 Steak ’n Shake’s Bitcoin Burger Comes With Actual BTC Thanks to Fold
💬 XRP Founder David Schwartz Defends Ripple’s Crypto Utility
💵 Tether and Tron Under TRM Labs Financial Scrutiny
🎯 Coinbase CEO Garners Praise and Pushback After Prediction Market Shoutouts
🚔 Police Officer Arrested for Orchestrating Businessman’s Kidnapping in Pakistan
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.
©Copyright 2025 Matthew Aaron Podcasts LLC
