Daily Crypto News — October 28, 2025
Good morning, everybody. It’s your Daily Crypto News. My name is Matt, and as always, we’ve got our ongoing little game — who’s hosting today, Matt or Kyle? It was great to hear Kyle back on the mic yesterday and even better to listen to a show I didn’t make. Let’s get into it.
Coinbase CEO Trolls Prediction Markets
“I was a little distracted because I was tracking the prediction market about what Coinbase will say on their next earnings call… Bitcoin, Ethereum, blockchain, staking, and Web3.”
Brian Armstrong, CEO of Coinbase, closed his company’s earnings call by listing off the exact words bettors were wagering he’d say on Polymarket. It was part humor, part trolling, and part real-time demonstration of how prediction markets can influence real-world behavior. Reactions ranged from laughter to outrage. Some compared it to an NBA player betting on their own game, while others said it was harmless fun.
My Take:
Brian said the quiet part out loud. He could’ve gamed the market quietly but instead called it out directly. It’s funny, sure, but also a little concerning — we’ve now seen how easy it is for prediction markets to be manipulated by the very people they’re built around. That’s not a good look if they ever hope to be taken seriously in finance or politics.
The Fed Ends QT — Bitcoin Eyes Long-Term Breakout
“The Fed’s Jerome Powell has ended quantitative tightening, sparking debate over whether it will revive Bitcoin’s bull run or repeat 2019’s post-policy slump.”
The Federal Reserve officially ended its quantitative tightening program, which has traders split on whether this will spark the next leg of Bitcoin’s rally or trigger a short-term pullback. Analysts argue that with easing liquidity, a more crypto-friendly administration, and potential rate cuts ahead, Bitcoin could hit $200,000 by Q3 2026. Still, $197.5 million in Bitcoin ETP outflows last week show that not everyone’s convinced just yet.
My Take:
We’ve been here before. When QT ended in 2019, Bitcoin stumbled before roaring back. But this time’s different. Institutional support, ETF flows, and deeper liquidity make this cycle stronger. Short-term volatility doesn’t change the long-term setup — it just gives patient traders better entry points.
Meta Denies Using Adult Videos for AI Training
“Meta filed to dismiss a lawsuit alleging it downloaded 2,400 adult videos to train its AI, calling the claims nonsensical.”
Meta insists the claims are false, saying IP addresses were misidentified and that it never used adult material for AI development. Legal experts note Meta’s decision to avoid a “fair use” defense is strategic — arguing fair use would expose their training systems to scrutiny. The case highlights growing tensions between copyright law and the secrecy surrounding how AI systems are trained.
My Take:
Come on — only 2,400 videos? Please. You know it’s more. But the real issue isn’t the number — it’s the secrecy. Tech companies want to build AI with other people’s data while keeping their methods hidden. Until laws catch up, we’ll keep seeing lawsuits like this.
Senator Murphy Accuses Binance of “Corrupt Deals” After Trump Pardoned CZ
“Senator Chris Murphy accused Binance of facilitating corrupt deals tied to President Trump’s pardon of CZ.”
Murphy claims Binance helped list Trump’s USD1 stablecoin shortly after the pardon, calling it “corruption in plain sight.” Binance denied any wrongdoing, stating all listings undergo standard due diligence. The story quickly fed political narratives on both sides, with Democrats citing corruption and Republicans framing it as an overblown smear.
My Take:
It’s corruption in plain sight. I don’t care who you voted for — this looks bad. But I also don’t buy the idea that both parties are “weaponizing” crypto equally. Democrats can’t afford to be anti-crypto right now, not with younger voters and innovation-minded donors watching. The smarter political move now is pro-crypto but anti-corruption.
SBF’s Ex-Account Claims FTX Wasn’t Insolvent
“FTX wasn’t insolvent… it collapsed due to a liquidity crisis, not fraud.”
A 14-page document posted from Sam Bankman-Fried’s former account claims FTX had $25 billion in assets versus $13 billion in liabilities, suggesting it could’ve survived if not for a liquidity crunch. It also claims FTT would be worth $22 billion today. Still, most experts say that even if the math checks out, SBF’s actions — using customer funds for personal spending and sponsorships — remain fraudulent.
My Take:
It can be both. You can have a liquidity crisis and fraud at the same time. Having enough assets doesn’t excuse using customer money for penthouses and stadium deals. Fraud is fraud, no matter how the balance sheet looks.
Insider Trading and Political Leaks in Traditional Finance
Coin Bureau founder Nick Puckrin says insider trading remains a deep flaw in traditional finance and that crypto’s transparency only exposes how bad it’s gotten. He argues outdated laws like the 1934 Securities Exchange Act can’t handle modern digital assets or policymaker trading.
My Take:
He’s right. On-chain data doesn’t lie — it’s revealing how often “market intelligence” is really just leaks. We need modern rules that reflect how fast information moves now. Transparency should be the baseline, not the exception.
Bitcoin Set for Its First Red October in Seven Years
“This might be the first red October in seven years… we’re sitting at around $109,000 Bitcoin.”
After six straight “Uptobers,” Bitcoin looks set to close the month in the red, down 3.35%. Analysts say tariff-driven volatility and macro fears kept traders cautious, but the weak October could set up a strong November rebound. Historically, Q4 has averaged 46% gains since 2013, meaning BTC could still hit $150,000 by year-end if the pattern holds.
My Take:
We’re fearful but not broken. The Fear & Greed Index is at 31, and RSI is near oversold. This looks like late-cycle exhaustion before the next leg higher. Every cycle has one of these shakeouts — this is ours.
Crypto Prices (as of 9:31 a.m. ET)
Bitcoin: $109,797 (+1.2%) — Market Cap: $2.18T
Ethereum: $3,851 (+0.9%) — Market Cap: $464.4B
XRP: $2.50 (+0.7%)
BNB: $1,080 (–1.5%)
Solana: $186 (–0.5%)
Dogecoin: $0.185 (+0.8%)
Tron: $0.295 (+1.0%)
Cardano: $0.612 (–1.0%)
Total Market Cap: $3.7T (+0.9%)
Summary
Coinbase’s Brian Armstrong just made prediction markets a real-world experiment, the Fed’s policy shift could kickstart the next Bitcoin rally, and Meta’s AI lawsuit highlights the growing war over training data. Politics are once again colliding with crypto as Binance faces fresh scrutiny, while SBF’s defenders try rewriting history. On-chain transparency is still exposing how broken legacy finance rules are, and Bitcoin’s first red October in years might just be the setup for a monster Q4.
Happy HODLing, Everyone.
References & Affiliates
🐦 Anthony Pompliano on X
📊 Bitcoin Braces for Fed Balance Sheet Shift as Liquidity Cycle Turns
⚖️ Meta Moves to Dismiss Porn Piracy Suit, Calls AI Training Claims “Nonsensical”
🏛️ Connecticut Senator Says Binance “Greased the Wheels” for Trump’s Crypto Deals
🔥 SBF’s X Account Claims FTX Was Never Insolvent, FTT Would Be $32B Today
💼 SEC Insider Trading Crackdown Feels Like “Country Club Looking for a Scapegoat”
📉 Bitcoin Set for First Red October in Seven Years—What Will November Bring?
🤖 Elon Musk’s Grokipedia: Far-Right Project or Necessary Wikipedia Competitor?
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.
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