The Daily Bone (Formerly The Nifty) Bitcoin Dumps, SEC Targets 200+ DAT Firms, and Plasma’s $12B Launch: Major Moves in a Shaken Crypto Market
Sep 26, 2025
The hosts dive into a recent market crash, analyzing key cryptocurrencies like BTC and ETH while sharing dip-buying strategies. They discuss SEC's outreach to over 200 DAT firms focusing on insider trading concerns. Plasma's massive launch and its new XPL token steal the spotlight, alongside Kraken's impressive funding round aimed at an IPO. Live trading sessions reveal personal anecdotes and insights on market movements, while a debate on reversible USDC raises intriguing questions about user choice and decentralization.
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Episode notes
Market Crash Snapshot
- The market was plunging with Bitcoin under $110K and ETH below $4K across the day.
- Hosts framed the episode as a recap of major dumps, regulatory probes, and a huge Plasma launch.
Dips Test Conviction
- Kix argues dips test conviction and present buying opportunities rather than signaling a final top.
- He remains bullish but expects possible additional flushes for specific coins like ETH.
Trim To Regain Composure
- Consider taking profits or trimming positions to reduce stress during volatile pullbacks.
- Re-evaluate conviction and avoid averaging down blindly into large single-coin bags.