Good morning, everybody. It’s Wednesday, October 8th, 2025. My name is Matt, and this is your Daily Crypto News.
Yesterday, I aimed for 15 minutes or less. I failed badly. Let’s try again today — four main stories, a few listener questions, and a reminder: if you’re not getting our daily newsletters, go to DailyCryptoNews.net and subscribe. We’ve got the morning brief, the evening wrap, and everything in between.
Also, before we jump in, quick correction-slash-confession. Yesterday I said Bitcoin would hit between $126,000 and $128,000 before pulling back to $122,000. Literally right after I ended the podcast, it dumped to $122K — and I thought, “damn, I blew it.” Turns out, it actually did hit $126,198 a day ago — the exact all-time high — before retracing. So technically… I was right. Just a little late to the chart.
Now we’re bouncing, and honestly, I think we’re up from here. Let’s get into today’s stories.
PancakeSwap’s Chinese Account Hacked, Token Shrugs It Off
PancakeSwap’s official Chinese X account was hacked on Tuesday and used to promote a fake meme coin called “Mr. Pancake.” Despite that, markets barely flinched. CAKE actually rose around 6.4% to a high of $4.50 before cooling back to $4.30.
The platform confirmed it’s working with X to recover the account and urged users not to click any links from the compromised posts. This follows a similar attack on BNB Chain’s official X account last week — part of an escalating wave of social-media-based hacks hitting major crypto projects.
Cybersecurity experts say the threat is rising fast as AI-powered phishing and deepfake scams become easier and cheaper to pull off. AMLBot CEO Slava Demchuk reported a 60% surge in AI-driven fraud in just the past year — with scammers now using real-time deepfake face spoofing sold openly on Telegram and dark web forums.
The advice is the same as always: use unique passwords, enable two-factor authentication that’s not linked to your phone number, and don’t click random links — ever.
My Take:
Elon Musk said he bought X to eliminate bots and restore trust. Instead, it’s still crawling with scams, impersonators, and now deepfakes. If you’re going to call yourself the “digital town square,” you can’t keep letting the grifters run the marketplace. At this point, X feels more like Craigslist 2010 than a secure platform.
Trump v. Slaughter: The Supreme Court Case That Could Reshape Crypto Regulation
A political and personal storm is brewing around Rebecca Slaughter, the former Democratic FTC commissioner fired by President Trump earlier this year — and her husband, Justin Slaughter, a top lobbyist at Paradigm, one of crypto’s most influential venture firms.
Rebecca’s firing has triggered a Supreme Court showdown: Trump v. Slaughter, a case that could overturn nearly a century of precedent protecting the independence of federal agencies like the FTC, SEC, and CFTC.
If the Court rules that presidents can fire commissioners at will, the White House would gain sweeping power over independent regulators — effectively politicizing every agency that oversees crypto markets.
That’s bad news for anyone hoping for bipartisan progress. Democrats fear Trump’s move consolidates too much executive control, while Republicans argue it’ll make agencies more efficient. Ironically, the result might stall the very market structure bill crypto lobbyists have been pushing for, since pro-crypto Democrats won’t back legislation if it gives unchecked authority to Trump appointees.
My Take:
Here’s the problem: crypto finally made it to the grown-ups’ table in D.C., but now the table’s on fire. Trump may get more control over regulators, but he’s also undermining the bipartisan foundation needed to actually pass anything. If agencies lose independence, we trade gridlock for whiplash — policies swinging wildly with every new administration.
S&P To Launch New Index Blending Crypto and Public Companies
S&P Dow Jones Indices is launching the S&P Digital Markets 50 Index, a hybrid benchmark mixing 35 publicly traded crypto companies with 15 digital assets drawn from its broader market index of 300+ tokens.
Meme coins are excluded (sorry, Doge), and treasury-holding companies can qualify. S&P says the goal is to create a “consistent, rules-based” benchmark to track the digital asset economy as it moves from the fringes into mainstream market infrastructure.
The index debuts in a few weeks. No names disclosed yet.
Historically, these kinds of “50 index” products have defined eras — think back to the Nifty 50 in the 1960s and ’70s, where 50 large-cap companies like McDonald’s and Coca-Cola made up almost half the U.S. market. Today, the Magnificent 7 (Apple, Microsoft, Amazon, Nvidia, Meta, Tesla, and Alphabet) account for 37% of the entire S&P 500 — and most of them trade at 30–40x earnings.
Except Tesla. That’s at 400x.
Wall Street starts wrapping volatility in an index fund, it’s not about belief anymore — it’s about extraction. Don’t forget what happened the last time the “too big to fail” crowd fell in love with innovation.
The Listener Mailbag
Eric wrote in saying, “I don’t pay owner bills to be treated as a tenant.” He was talking about companies that nickel-and-dime customers for access to features they already paid for — like Amazon Prime charging $3 more just to remove ads from movies.
Couldn’t agree more. Prime’s turned into a slot machine of micro-fees. Cancel it, and you’ll notice shipping still arrives basically the same speed. Sometimes longer by a day. Maybe plan ahead — save yourself the monthly fee and the fake convenience tax.
Vi-eM wrote about the ICE app debate, saying: “Reporting ICE sightings seems light considering you can download a police scanner app.” Exactly. The government’s argument against those apps doesn’t hold up when every citizen already has access to more invasive public scanner data. It’s selective enforcement disguised as “safety.”
My Take:
Security should never outweigh freedom — especially speech. Once platforms decide which information is too dangerous to share, you’re not regulating crime anymore. You’re regulating dissent.
Finally, Dave K asked: “Can you do a segment on how to take a loan against Bitcoin?”
Here’s the thing: loans on your Bitcoin sound smart until you realize how fast they can blow up. If you take a $50,000 loan against $100,000 in BTC and the price drops 40%, you’re underwater and liquidated. You lose both the loan and the Bitcoin. If you’d just held, your BTC would’ve tripled since ETF season last year.
My Take:
HODL. Seriously. Don’t risk your Bitcoin for another monthly payment. Every cycle, people think they’re outsmarting the market. Every cycle, the market eats them.
Crypto Prices
As of 9:58 a.m. Eastern, Fear & Greed Index is at 55 — neutral.
RSI is hovering at 43, almost oversold, which usually signals a short-term bounce.
Bitcoin (BTC): $122,623 (down 1.1%)
Ethereum (ETH): $4,479 (down 5%)
BNB: $1,309 (down 0.3%)
XRP: $2.87 (down 2.7%)
Solana (SOL): $221 (down 3%)
Dogecoin (DOGE): $0.252 (down 3.3%)
Tron (TRX): $0.337 (down 2%)
Cardano (ADA): $0.82 (down 4.4%)
Total crypto market cap: $4.18 trillion, down 1.9%.
Bitcoin dominance: $2.45T, Ethereum: $544.3B, BNB: $182.3B.
Overall, red day — but mild. Nothing panic-worthy.
That’s your show for today. My name’s Matt — see you tomorrow.
Until then, Happy HODLing, everyone.
References & Affiliates
🥞 PancakeSwap’s Chinese X Account Hacked, Token Defies Drop
🏛️ President Trump Fires FTC Commissioner Over Crypto Bill Dispute
💰 Bitcoin ETFs See $1B Inflows, Biggest Single-Day Surge Since July
📈 S&P to Debut New Index Tracking Crypto Assets and Public Companies
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
