Good morning everybody, it’s your Daily Crypto News. My name is Matt, and it’s Friday. Let’s get into today’s stories.
📉 Avoidable Errors Led to the Loss of Gary Gensler’s SEC Texts
📊 XRP Hits a Wall, Solana Slips, Pump Puffs Price Analysis
💎 Bitcoin HODLer Moves $52M BTC After 13 Years
💵 Fireblocks Expands Network for Stablecoin Payments
🚗 Porsche Plans Wireless EV Charging by 2026
📉 Trader Cobb & Market Training via The Grow Me Co
SEC Loses a Year of Gensler’s Texts
The SEC’s Office of Inspector General dropped a bomb: nearly a year of former Chair Gary Gensler’s text messages—from October 2022 to September 2023, the height of crypto enforcement—are gone. Permanently.
Here’s the official line: a bad IT policy triggered a device wipe, erasing texts and logs, with no backups. The SEC now says they’ve disabled texting on most devices and notified the National Archives.
The irony? This happened while the SEC was cracking down on banks for failing to preserve their own records. Gensler himself often repeated that “finance depends on trust.” Now, the industry is pointing out that these were the very months of the FTX collapse and the Grayscale ETF lawsuit.
If you think this was purely an “IT error,” with no insider cover-up, I’ve got a meme coin to sell you.
Fireblocks Expands Into Stablecoin Payments
Fireblocks, an $8 billion crypto infrastructure giant, has launched the Fireblocks Network for Payments—designed to help firms move stablecoins seamlessly and build new products on top of them.
Over 40 participants are already in, including Stripe-owned Bridge, ZeroHash, Yellowcard, and Circle. Fireblocks is already processing billions in stablecoin transactions daily and reported a record $212B in July.
The move puts Fireblocks in direct competition with Circle’s USDC rails, but with a broader token scope. CEO Michael Shaulov says the goal is to give firms access to banking and licensing relationships without the cost and risk of building their own payment stack.
Listener Question: Buying the Circle Dip
Malcolm The Earthling asked: “Circle is down 60% from the high. Are you buying the dip or waiting for crypto winter?”
My honest answer? I regret not jumping in at Circle’s IPO, but I wasn’t mentally there. I’d been burned on Robinhood and Coinbase. Circle felt obvious, but I didn’t pull the trigger.
Now that it’s down 60%? Yes—I want exposure. But not by aping in all at once. I’d rather set recurring buys—$50, $100 a week or month—so I can build a position without risking one bad entry.
The key here: mental space. If I’m moving, traveling, juggling life (like right now, getting keys to a new house), I don’t trade. Bad buys happen when your head’s elsewhere. If you don’t have the bandwidth to plan, chart, and focus, don’t do it.
As for “crypto winter”—if Bitcoin dips, stocks like Coinbase, Circle, and Robinhood historically fall right alongside it. Pull up their charts and line them against BTC. The correlation isn’t subtle.
Porsche Goes Wireless
Not crypto, but you know I’m a Porsche guy, so we’re covering it.
Porsche is debuting 11 kW wireless charging on the 2026 Cayenne Electric, making it the first luxury SUV to roll out inductive charging at scale.
The system auto-aligns with a floor pad, charging at 90% efficiency—similar to plug-in. At ~33 miles per hour of charge, it’s plenty for overnight top-ups. Safety? Pet-friendly shutoff if a cat decides to nap on the pad.
Price: around €8,000 for the setup, on top of the Cayenne EV’s expected $100,000 base.
But here’s my gripe: Porsche, stop flooding EVs. A Taycan? Fine. A Cayenne EV? Okay. But Boxster, Cayman, Macan EVs? Enthusiasts want screaming we want flat-sixes with manuals, not silent torque sleds. Sales already show this—Taycan demand is way down. Enthusiasts don’t want another EV; they want a driver’s car.
Dormant Bitcoin Whale Awakens
A wallet holding 479 BTC (~$52M) since 2012 just moved 80 BTC (~$8.8M) into new addresses.
This comes after a string of dormant whales waking up:
July: 80,000 BTC transferred in one shot.
Another address: 670 BTC rotated into ETH longs.
A 2012 whale dumped 2,000 BTC into Hyperliquid and pivoted into Ethereum.
Whale activity like this always sparks speculation: early miners cashing out? Lost wallets rediscovered? Or repositioning for something big?
Listener Questions
Tuen: “Is Pump a meme coin? My platform lists it with the meme coin warning.”
I’d call it an ecosystem coin or at worst a shitcoin—but not a meme coin. Meme coins are about culture, fun, or personalities (think HawkTuah or Yeezy). Pump has actual rails, so it’s not pure gambling. But I haven’t seen much in that ecosystem to make me jump in.
Jeroen (Belgium): He pointed out it’s always afternoon when he hears the show—and reminded me Europe has the best car-spotting per capita. He sends me pics of 911s, shooting brakes, G-bodies… honestly, Belgium might be the car capital of Europe.
Kaleb (Indianapolis): Runs HVAC. Says he’s done installs—geothermal heat pumps, mini splits for Bitcoin miners—and took Bitcoin and ETH as payment. That’s what adoption looks like. Bonus points if his company has the foresight to hold it.
Ton: “Can you cut down the guy with the accent to 30 seconds? It’s not news.”
That’s Trader Cobb, and he’s on Mondays only. 90% of listeners want him weekly. And Ton—everyone has an accent. Mine’s Great Lakes American.
By the way, if you want chart work outside the pod, check CryptoCurrently (link in show notes). Their 20-minute breakdown of why Bitcoin could push higher soon is worth your time.
Crypto Prices
Fear & Greed: 41 (neutral but leaning fearful)
🟢 Bitcoin: $113,113 (+2%)
🟢 Ethereum: $4,464 (+1.2%)
🟢 XRP: $0.287 (+1.1%)
🟢 BNB: $855 (+0.8%)
🟢 Solana: $209 (+0.5%)
🟢 Dogecoin: $0.22 (+1.9%)
➡️ Tron: $0.338 (flat 24h, +0.5% 1h)
🟢 Cardano: $0.845 (+3.3%)
🟢 Market cap: $3.89T (+1.6%)
BTC: $2.25T
ETH: $538.4B
That’s the show for Friday. Wish me luck moving into the new house this weekend. We’ll be back Monday.
Happy HODLing, everyone.
