I’m back from driving the Tail of the Dragon, and let me tell you—if you’re a car person, that’s a pilgrimage worth making. Twists, turns, Porsches I can’t afford… met and exceeded expectations. I’m already planning more road trips and thinking about a new Boxster—maybe a 987.2 or a 981 if the budget stretches. In the spirit of doing more with DCN, I’m also launching a few new Substack sections: Cars & Crypto, Politics, and of course, the classic Daily Crypto News.
“It met and exceeded my expectations.”
Now let’s get into the news, Craig Cobb’s market insight, listener questions, and finish it off with the latest prices.
🧠 Meta Oversight Board Slams Parent Company Over Viral Ronaldo Deepfake
🦧 Bored Ape Creator Yuga Labs Wants to Kill ApeCoin DAO
⚖️ OpenAI Challenges Court Order to Hand Over User Data in NYT Lawsuit
💬 “They Make No Money” — Tether’s CEO Criticizes Circle Ahead of Massive IPO
🌍 Switzerland Launches Automatic Crypto Data Sharing with 74 Countries
📉 Trader Cobb & Market Training via The Grow Me Co
Meta Slammed Over Deepfake Scams
Meta’s Oversight Board ordered the removal of a deepfake video featuring Brazilian soccer legend Ronaldo Nazário that promoted a game called Plinko. The video, which mimicked his voice and promised earnings higher than Brazilian wages, violated fraud and spam policies—but remained online for a disturbing amount of time.
Meta was called out for weak enforcement, relying on “specialized teams” to flag such content. The Oversight Board also warned that Meta allowed the video to run as an ad, adding fuel to concerns about AI-powered scams.
“Jamie Lee Curtis, the GOAT from True Lies... I know y’all remember the dance scene.”
ApeCoin DAO May Be Dissolved
Yuga Labs, the creator of Bored Ape Yacht Club, is proposing to dissolve the ApeCoin DAO and replace it with a more centralized entity called ApeCo. The goal is to streamline the development of the ApeCoin ecosystem and “Otherside” metaverse by placing decisions in the hands of a company, not a DAO.
Community support seems strong so far.
“DAOs are slow, indecisive, and bogged down with bureaucracy. It doesn’t work for a business.”
My Take:
DAOs are a cool concept, but if you’re running a fast-moving company, founder-led direction always wins. ApeCo might be the beginning of the end for DAOs pretending to be efficient businesses.
OpenAI Pushes Back Against User Data Court Order
OpenAI is challenging a federal court’s demand to preserve all user chats—including deleted ones—in a copyright lawsuit filed by the New York Times. The Times alleges OpenAI scraped their paywalled content and outputs plagiaristic summaries.
OpenAI argues this violates user privacy. And I’m with them.
“If you delete your data, it’s your data—it should be deleted.”
My Take:
It’s the internet. If it’s online, models should be able to read it. Whether what they output is infringement is the actual issue. Don’t criminalize the act of reading.
Circle's IPO Surges, Tether Left Salty
Circle’s IPO tripled on its first day, hitting a $19B market cap and proving early critics wrong—including Tether’s CEO, who recently said Circle “makes no money.” While USDC trails Tether in market cap ($61B vs. $153B), Circle’s full compliance with U.S. regulation might give it staying power.
“I’ve seen multiple crypto IPOs—they all mooned… and then they all crashed.”
My Take:
Be cautious. IPO hype during a bull market isn’t new. Coinbase, Robinhood, and Bakkt all flew then fell. Circle might be different—but it might not. Pay attention.
Switzerland to Share Crypto Data with 74 Countries
Switzerland approved a bill to automatically share crypto-related tax data with 74 countries under the OECD’s Crypto-Asset Reporting Framework (CARF). The agreement begins in 2026 with data exchanges in 2027.
Notably excluded: the U.S., China, and Saudi Arabia.
“This is a major step toward international crypto tax transparency.”
Craig Cobb: Golden Crosses Are Useless
Craig Cobb returned with a passionate takedown of one of the most overhyped technical indicators: the golden cross. He demonstrated how relying on moving average crossovers (like the 50/200) is misleading and ineffective.
“If trading were that simple, you think BlackRock would just code a golden cross bot and call it a day?”
My Take:
Cobb’s brutal honesty is refreshing. If you’re trading on chart folklore without understanding price action, you’re gambling, not investing. Learn real strategy or lose to someone who has.
Listener Questions
MNCurt: "Keep Greta Thunberg out of crypto news."
Response: You can’t control the host—debate is welcome, censorship is not.
Nathe: "Research best wallet apps—I've been ripped off."
Response: Probably user error. Ledger, Trezor, SafePal, Trust Wallet, and Exodus are reliable if used properly. But Ledger did have a data leak in 2018—emails, addresses, etc.
Ryan: "Coinbase fees are insane."
Response: Absolutely. Fees are outrageous, even on their pro platform. But Coinbase is the regulatory champ in the U.S. Alternatives? Kraken’s solid.
Eric: "Use Monero for privacy."
Response: Word. Still one of the best privacy coins.
Birdman: "What’s the best crypto to buy?"
Response: Depends on risk appetite. Small caps = higher risk, higher reward. Large caps = more stability. Bitcoin and Ethereum have ETFs and institutional support. You know where I lean.
Crypto Prices (as of 10:04 a.m. EST)
Bitcoin: $104,256 (↓ 0.25%)
Market Cap: $2 trillion
Ethereum: $2,502 (↓ 3.5%)
Market Cap: $303 billion
XRP: $0.217 (↓ 1.1%)
BNB: $649 (↓ 1.6%)
Solana: $150 (↑ 0.4%)
Dogecoin: $0.180 (↓ 4.6%)
Cardano: $0.662 (↓ 2%)
Tron: $0.279 (↑ 2.4%)
Total Market Cap: $3.26 trillion
Fear & Greed Index: 46 (Neutral, trending fearful)
Summary
AI scams are escalating, IPOs are booming, and Bitcoin’s bouncing. Meta’s oversight tools are failing, and Yuga Labs is giving up on DAOs. OpenAI’s legal fight could reshape data rights, and Circle’s IPO might be the start of a new bull cycle narrative—or a future cautionary tale. Meanwhile, golden crosses are still trash, according to Craig Cobb—and he’s not wrong.
Whether you’re watching Elon and Trump’s public spat or debating wallet apps, remember: the market moves, but your discipline should stay sharp.
Happy HODLing, Everyone.
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