Good morning, everyone. It’s Wednesday, August 27, 2025. My name is Matt, and yes, you’re getting a double dose this week. I did a live yesterday — an hour of rants while eating donuts — all about privacy. That’ll hit your inbox today around noon Eastern. Something to chew on during lunch. But right now, let’s get into the daily crypto news.
🎤 Kanye West Meme Coin Tanks as Rapper Claims Instagram Was Hacked in Scam
🦊 MetaMask Wallet Social Accounts Compromised
🗳️ Donald Trump Jr. Joins Polymarket to Invest in Crypto Prediction Markets
💶 Digital Euro Explores Ethereum and Solana for Monetary Sovereignty
☁️ Cloudflare Gives Employers Access to Employee ChatGPT Prompts
📉 Bitcoin Traders Eye $110K as Critical Make-or-Break Level
💸 Crypto Funds Face $1.4B in Outflows Led by Bitcoin and Ethereum
📉 Trader Cobb & Market Training via The Grow Me Co
Kanye West’s YZY Token Crashes
“Kanye’s token launch also wiped out demand for other unofficial Kanye themed tokens because people are getting sick of this shit.”
Kanye West’s official YZY token on Solana has collapsed 81% from its peak just a week after launch. The chaos started when his hacked Instagram account was used to promote a fake version on Pump.fun, which briefly hit a $7 million market cap before crashing 96%.
Kanye later clarified on X, posting the real contract address ending in “YEEZY.” The official token debuted with a wild $3 billion fully diluted valuation, but it has now fallen to a $73.5 million market cap. Insiders didn’t lose out — one linked to the Libra meme coin reportedly walked away with $12 million in profits.
My take: Meme coins tied to celebrities always end the same way. Insiders eat, fans get burned, and the rest of the market grows more skeptical.
Metamask Adds Social Logins
“If you log in with your Google, Metamask and Google are now working together, so now they know all about your crypto.”
Metamask rolled out a new feature allowing users to create and restore wallets with Google or Apple logins instead of relying solely on 12-word seed phrases. The move is designed to simplify onboarding for new users.
On the upside, it reduces friction and syncs across devices. On the downside, it ties your wallet to your Google or Apple account, creating privacy and centralization concerns. Lose access to your Google account? You may lose your crypto too, unless you kept your seed phrase.
My take: This is the latest example of convenience coming at the cost of privacy. On-chain activity is permanent, and linking it to Google means anonymity is gone.
Trump Jr. Joins Polymarket
“And now you have it being the official platform with Polymarket and David Sachs and Solana. Look, this sounds like a little conspiracy. We’re drawing lines, but the lines are to be drawn.”
Donald Trump Jr. has joined the advisory board of Polymarket, the popular crypto prediction market, while his firm 1789 Capital has also invested in the company. This comes after Polymarket’s $122 million acquisition of QCEX and its clearinghouse, paving the way for a U.S. relaunch after regulatory battles.
Polymarket has already recorded $1 billion in July trading volume from 285,000 traders. The platform gained attention during the 2024 election for correctly predicting Joe Biden’s withdrawal. Its new official partnership with Elon Musk’s X further cements its role in shaping political narratives.
My take: Prediction markets were once seen as neutral “anti-polling” tools. Now, they’re part of the political influence game. With Trump Jr., Musk, and others involved, expect these markets to become another battlefield for controlling narratives in 2026 and 2028.
Europe Considers Ethereum or Solana for Digital Euro
“Analysts warn that if the US dollar dominates the digital payments first, it could overshadow the euro in global finance.”
The European Central Bank is debating whether to issue a digital euro on public blockchains like Ethereum or Solana, instead of building its own closed system. Advocates say this would instantly integrate the euro into DeFi, wallets, and cross-border payments without new infrastructure.
Ethereum offers programmability and developer support; Solana promises speed and low fees. Risks remain — GDPR privacy conflicts, technical reliability, and the danger of draining deposits from banks if euro tokens become widely accessible. Officials warn U.S. stablecoins could outpace the euro if Europe delays.
My take: If Europe doesn’t act fast, the digital euro could become irrelevant before it launches. The U.S. stablecoin advantage is already cementing dollar dominance globally.
Cloudflare Moves into AI Oversight
“Imagine you’re at your desk, working with OpenAI, and suddenly it says, hey, you can’t do that because we’re watching all your stuff.”
Cloudflare has launched AI monitoring tools in its Cloudflare One security suite, giving employers visibility into how workers use tools like ChatGPT and Gemini. The system tracks prompts, uploads, and configurations, aiming to prevent sensitive leaks.
Cloudflare says it blends scanning and enforcement without extra device software. The move comes as three out of four employees already use AI tools at work — often without approval.
My take: This is another privacy paradox. Companies say it’s about protecting data, but really it’s about control. Just like with plastic bottles and recycling, they push the tools on you, then blame you for the fallout. Privacy is dead, and you’re told it’s your fault.
Crypto Prices – August 27, 2025 (10:50 a.m. Lisbon time)
Fear & Greed Index: 47 (Neutral)
Bitcoin (BTC): $110,868 | up 0.7% (24h) | Market Cap: $2.2T
Ethereum (ETH): $4,593 | up 4% (24h) | Market Cap: $554.4B
XRP: $3.01 | up 3.5% (24h)
Binance (BNB): $858 | up 1.9% (24h)
Solana (SOL): $204 | up 8.7% (24h)
Dogecoin (DOGE): $0.22 | up 4.8% (24h)
Tron (TRX): $0.349 | up 1% (24h)
Cardano (ADA): $0.862 | up 2.8% (24h)
Total Market Cap: $3.86T | up 1.9%
Traders are eyeing $110K as Bitcoin’s lifeline support. A four-hour close above $112K would confirm strength; otherwise, we could test $105K. Ethereum is leading today’s rally, with Solana also posting big gains.
That’s our show for today. Kyle will take the mic the rest of the week. Until tomorrow — Happy HODLing, Everyone.
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