The Philip DeFranco Show - Candace Owens Ben Shapiro Controversy Gets Bigger, Jon Stewart SLAMS Democrats, & Today's News

Episode Date: November 11, 2025

Go to http://zbiotics.com/DEFRANCO and use code DEFRANCO at checkout to get up to 15% off your first order. Use code DEFRANCO at https://incogni.com/defranco to get an exclusive 60% off. LISTEN TO T...HE SHOW iTunes: https://podcasts.apple.com/us/podcast/the-philip-defranco-show/id1278424954 Spotify: https://open.spotify.com/show/6ESemquRbz6f8XLVywdZ2VWATCH CRASHING OUT w/ PHILIP & ALEX Youtube: https://www.youtube.com/channel/UCergKLoy-Yv9zlPk3XQYK7Q?sub_confirmation=1 Spotify: https://open.spotify.com/episode/2DkU87umhGH9mH1z24Bi9w?si=6sSdjhVNQjyVeBQDLiXcyg Apple: https://podcasts.apple.com/us/podcast/crashing-out-with-philip-defranco-and-alex-pearlman/id1843429519 WATCH/LISTEN TO MY NEW PODCAST w/ KAT ABUGHAZALEH Spotify: https://open.spotify.com/show/2CePXwDrvdQTes844wflKp?si=55a6b6049c4841ed Youtube: https://youtube.com/acw?sub_confirmation=1 iTunes: https://podcasts.apple.com/us/podcast/in-good-faith-with-philip-defranco/id1827016835 JOIN OUR COMMUNITY 📸Instagram: https://instagram.com/PhillyDeFranco  🐦Twitter: https://twitter.com/phillyd  🎵TikTok: https://www.tiktok.com/@philipdefranco  TODAY’S STORIES 00:00 - Students Arrested at UC Berkeley TPUSA Event 04:04 - Schumer Criticism Gets Worse as Senate Passes Spending Bill 09:58 - Sponsored by ZBiotics 11:01 - Camp Mystic Families File Wrongful Death Lawsuit 14:39 - Shay Mitchell Faces Backlash for Kids Skincare Line  17:22 - U.K. Suspending Some Intel Sharing With U.S. 18:35 - Sponsored by Incogni 19:42 - Coinbase Rolls Out “Initial Coin Offerings” Feature 21:52 - Pakistan Says India Was Behind Bombing that Killed 12 THE TEAM Produced by: Cory Ray Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry Art Department: William Crespo Writing/Research: Philip DeFranco, Brian Espinoza, Lili Stenn, Maddie Crichton, Chris Tolve, Star Pralle, Jared Paolino   ———————————— #DeFranco #CandaceOwens #JonStewart Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 Hey, welcome back to the Philip DeFranco show you daily dive into the news. It is Tuesday, and I hope you have it a fantastic Tuesday, or at least as good of one as you can possibly have, given the everything that's going on right now. But we have a lot that we have to talk about today, starting with this. Multiple arrests and a fight broke out at a Turning Point USA event at UC Berkeley. Because the attorney point visiting, with this being the final stop on its national college tour, and so you had tons of students protesting the organization's presence on campus. And actually, even before the event started, you had reports that a group of students were arrested for Van Gogley. after they attempted to hang a massive cardboard bug as a former protestor. But then also as crowds were gathering a Charlie Kirk supporter selling freedom merch and a protester if they got into a fight and were taken into police custody.
Starting point is 00:00:39 Right and according to SFGate, the fight started when a protester took merch that the Kirk supporter was selling and threw it on the ground with the altercation then becoming physical, but details on how it got to that point, they really weren't clear. Though also with this, you had photo showing at least the Kirk supporter with a bloody face. Additionally, there were other reported arrest, but the reasons for those also not clear right now. And also there were other chaotic scenes including footage of smoke in the crowds after someone alleged. Legitly threw a smoke bomb. Or with reporters noting that that in a car backfire that sounded like gunshots startled protesters getting them to flee But then also you had other outlets noting that outside of a few heightened moments the protests were largely peaceful and there's plenty of footage of calm protest moments where students are just holding signs and chanting So there according to some accounts that were chance targeting Charlie Kirk's death including one saying fuck your dead homie But overall for the most part it looked like you had students telling local reporters that they didn't believe that turning points values belonged to Berkeley a school known for its progressive and liberal activists or with one saying we want to make clear that we're not
Starting point is 00:01:30 going to be intimidated and this is not the campus to do this on. Charlie was not about promoting free speech and open debate. He was about trying to bully and intimidate people into silence and submission. And Kirk, right, he obviously came up a ton because he co-founded Turning Point, so the organization has got increased detention after his assassination. And in fact, one of the ways you saw that is before Berkeley's event, you had the president of the school's turning point chapter telling Cal matters that that chapter has grown since Kirk's death. It's saying that the meetings usually had around 30 people, but this semester's smallest meeting at 60, so double that amount and Over 100 attended the vigil for Kirk.
Starting point is 00:01:59 With all that said, with this being the end of the national tour, it will be interesting to see how much Kirk's name continues to be used moving forward. Right, because while you had things like just about a week ago, before the elections, people saying, get out there and vote for Charlie, this being pushed by right-wingers. It feels like the majority of the conversation being had around him now is kind of one of two things. One, it appears to be heavily connected to a lot of Republican infighting, like you had Candace Owens the other day, like showing more of her text
Starting point is 00:02:23 because people said that they were faked. And then two, there's just like a section of the internet that is like, Kirkifying memes or where they're like just putting Charlie Kirk's face on people in videos but also going back to and regarding the the Candace Owens of it all turning point itself is getting caught in the crossfires because you know as she's been covering Kirk's killing right trying to uncover what she says are the truths behind it she's been saying things like yesterday I don't know why but I feel like a lot of these people that are panicking about us investigating Charlie's murder are going to wind up named in the contractor LLCs that turning
Starting point is 00:02:51 point's money was evaporated into she also got a ton of attention for sharing taxa Kirk allegedly sent her where he said that he felt like he might be killed As well as other texts where Kirk appears to be talking about Ben Shapiro, painting Shapiro as jealous of them, and even saying to Candace, he views you as my slave. Though there you've had many questioning the legitimacy of those texts, asking why she'd still had texts from 2018 on her phone, saying this looks like an inconsistency in the formatting and layout. But Candace has defended herself and when asked why she still had these messages she wrote. The point was that Ben tried to prevent Charlie from coming up,
Starting point is 00:03:19 so the messages have to be from when Charlie was relatively unknown and coming up. Duh, why would I lie about this and not expect to get calm? And then last night, she continued to defend herself on her podcast, showing herself pulling up messages on her phone and adding... Here we go, guys. Just to show you this, just looked up on my phone. These are not made up text messages. You probably want to see the date here and see the time sliding. These are just real.
Starting point is 00:03:41 Like, what an absolute nonsense to think that I would make up text messages. It's with you, it's some saying, hey, she's proving herself here. I believe her, though others is still distrustful of Candace Owens. In there, you had some pointing to an interview that she did with CNN recently, where they pressed her on her conspiracies about Kirk's For now, we still have to wait to see how this plays out both in, if we get more information as well as just what happens with all the Republican infighting we've seen around this. But then next up in the news, the Chuck Schumer problem is just getting worse and worse for months now, but really it hit a special point this week. Because while the Dems managed to pull themselves together and they had a victory last week, they're falling apart again. Because the Senate, they passed the funding bill last night thanks to seven Democrats and an independent who caved and joined Republicans,
Starting point is 00:04:22 teeing up for the House to vote on it no sooner than tomorrow. The eyes are 60, the nays are 40. The bill as amended is passed. And it's really hard to express how much of a letdown this has been for so much of the party. Because again, just last Tuesday you had progressives and moderate seemingly united. Everyone was excited, some describing it as the most hopeful moment the Democrats have had since Kamala took the reins from Joe Biden last year. There was that initial, oh my god, is this change energy? And then it kind of just deflated. And the person who's gonna suffer most in the situation isn't actually one of the millions of people whose health insurance premiums are about to spike, thanks to Republicans, but
Starting point is 00:04:55 John Stewart, whose brain simply broke last night. I can't fucking believe it. You cannot fucking believe it. I cannot fucking believe it. Right, and while there's broad agreement that the eight from the Dem caucus who joined Republicans are chiefly to blame here, you had Stewart and other late night hosts
Starting point is 00:05:16 really taking aim at the man they believe let it all happen. We will not give up this fight. But that's what you're doing. You're giving up the fight. You can't wave a white flag in one. one hand that says, I give up, while on the other hand, waving a smaller white flag that says, until next time. I mean, it is incredible at his age that Chuck Schumer is still able to bend over so far. Either all eight senators who voted to capitulate coincidentally are not up for
Starting point is 00:05:43 re-election in 26, or Chuck Schumer worked behind the scenes to give into the Republicans while still protecting vulnerable Democrats, including himself. And the point that Stuart made last night is pretty much the one that I made that afternoon. Right, stupid or evil? The sneaky puppeteer or the useful idiot? With all this, you've had others chiming in. For example, Representative Rokana telling CBS News. This deal would never have happened if he had not blessed it.
Starting point is 00:06:12 Don't take my word for it. Take the word of other senators. We're saying that they kept Senator Schumer in the loop. all time. And even had the Pod Save America guys expressing similar skepticism. He voted against the bill, sure, but I think he orchestrated it with senators he knew were going to retire who weren't up. And I just, I don't believe this spin for a second. Though that, as you also had some sources speaking to Axios and CNN, saying that Schumer really was trying to keep the shutdown going behind the scenes. With that, saying that as early
Starting point is 00:06:38 as two weeks into the shutdown, there was a group of moderates ready to reopen. And saying that Schumer actually convinced them to hold on to at least November when open enrollment into the ACA began. And that, as they claimed that he was strategizing with progressives like Bernie Sanders about how to keep the momentum up and the base to keep fighting. So you had people like Chris Murphy saying Senator Schumer didn't want this to be the outcome and press hard for it not to end like this. Though adding, he didn't succeed. Let's not sugarcoat that. But again, understand, much more are fed up with Schumer's leadership.
Starting point is 00:07:03 I mean, you had numerous Democratic lawmakers and grassroots organizations calling on him to step down. Right, yeah, you had Rokana, but he's also been joined by several House Democrats and now even some challengers in Senate primaries. This happened because Chuck Schumer failed in his job yet again. Call your senators and tell them that Chuck Schumer can no longer be leader. The old way of doing things is not working. We need new leaders in the Senate. Do you think that Chuck Schumer is in control of the Senate Democratic caucus?
Starting point is 00:07:34 No. Do you think that Chuck Schumer should step aside now and let someone else lead Democrats in the Senate? I think it would be better. I think it would be better than the status quo. And I hear this from Democrats all across Massachusetts. Massachusetts. Is Senator Markey part of the problem? Well, he is as long as he supports Senator Schumer.
Starting point is 00:07:54 No, fortunately, at least for Schumer, none of the members of his caucus have joined this chorus, but I will say it is growing. You've got a half dozen Senate Democratic sources telling CNN that frustrations are mounting privately in the chamber that Schumer and his leadership team lacked a long-term plan to secure real concessions from the GOP and that the party ultimately ended up without a tangible legislative win. And with that, adding that there is growing chatter about what it means for his future after the 2026 midterms.
Starting point is 00:08:16 if he chooses to run again in 2028. Now, as far as House Minority Leader Hakeem Jeffries, he supported Schumer, which is notable because Jeffries openly criticized him for refusing to shut down the government back in March. Listen, Leader Schumer and Senate Democrats over the last seven weeks have waged a valiant fight. And I'm not going to explain
Starting point is 00:08:32 what a handful of Senate Democrats have decided to do. That's their explanation. Right then, as far as Schumer himself, he understandably is trying to refocus attention on Trump and the Republicans right now, arguing that even with a shutdown over, they're gonna own the looming healthcare crisis. Americans will remember a Republican intransigence every time they make a sky-high payment on health insurance.
Starting point is 00:08:54 Healthcare costs made a major impact on the 2025 election, and they will certainly have an even greater impact on the 26 election. And he may end up being right there. Trump's approval ratings are in the toilet, polls show that most people blamed Republicans for the shutdown. But also, Trump's apparently trying to wrestle back control over the health care narrative by announcing his very own vague, very mysterious healthcare plan. We want a healthcare system where we pay the money to the people instead of the insurance companies.
Starting point is 00:09:21 And I tell you, we're gonna be working on that very hard over the next short period of time. But for now, we're gonna have to wait to see how all this plays out. And I mean that as far as the real world impact, as well as the political wins and losses. Right, I mean, Trump, he's had a healthcare plan that he would deliver in two weeks for, I don't know how many years now. So we'll have to see if he tries to jam something through
Starting point is 00:09:39 or at least use it to distract from what happens in December. Because apparently the Republicans Pinky promise the Dems that they'll definitely, you know, they'll vote on the ACA subsidies. And then, depending on what happens or doesn't happen there, we'll start seeing more and more real world impacts in January. All of which will, one, impact millions of Americans in their real lives, and two, possibly affect the midterms. And then we're going to dive into even more in just a minute. But first, let me say, you know, the first drink of the night, it always feels like you've got it all together until you don't. And then the next day hits and you're rethinking every life decision since 2009. And yeah, that's why I start my night with Zbiotics pre-alcohol.
Starting point is 00:10:12 Today's sponsor in the world's first genetically engineered probiotic drink built by actual PhD scientists who decided that rough mornings don't need to be a part of your plan. Right now it works is when you drink, alcohol gets converted into an unwanted byproduct in your gut. And that buildup, not just dehydration, is what's responsible for those rough mornings. And Zbiotics is engineered to produce an enzyme that breaks that byproduct down. So you make pre-alcohol your first drink at the night, you pace yourself, hydrate, and wake up feeling ready to handle tomorrow. And it's my go-to whenever drinks are involved, so I can still get up early,
Starting point is 00:10:39 hit the gym and not spend the morning questioning every life choice I've ever made. You know, getting to enjoy tomorrow instead of just surviving it. And Zbiotics is backed by 100% money-back guarantee, so there's no reason not to try it. You know, festive seasons here. So enjoy the party and the day after it. Be kind to yourself and try Zbiotics. Just scan that QR code or head to Zbiotics.com slash DeFranco and use code DeFranco for 15% off your first order.
Starting point is 00:11:01 They'll thank me tomorrow. But then next up in the news, you've got the families for the dozens of girls who died of Camp Mystic this summer, now just kind of done waiting for answers and they're ready for justice. Because back on July 4th, there was that catastrophic and deadly flood that hit Central Texas, killing more than 130 people. And one of the places that got hit, the hardest, was Camp Mystic, a sleepaway camper, girls along the Guadalupe River. Right, 25 girls and two counselors were killed in that flooding in the community. They've been reeling ever since. The families of those who died, they're now looking for some accountability with the operators of Camp Mystic now facing three
Starting point is 00:11:28 separate lawsuits, accusing them of negligence and wrongful death. And all three of these were actually filed yesterday in Austin, and one of those came from the families of five children and two teenage counselors. Right, in that suit, painting the Eastland family who owned and operated Camp Mystic for generations is overconfident and completely unprepared for the flooding. And you have the madding that the camp's executive director, Dick Eastland, wasted precious time after getting the alert for life-threatening flash flooding from the National Weather Service. Instead, having his crew spent nearly an hour securing the camp's equipment before actually evacuating or even checking on campers. Right, the warning, it came in at 1.14 a.m., and according to the
Starting point is 00:11:58 suit, evacuations didn't start until around 2.30. But at that point, they were only able to evacuate five of the 11 cabins in the flood zone. Right, and that also, after telling many, the campers and the counselors to stay in the cabins, even his water was flooding it. You also had the family further digging into Dick Eastland, who died the day of the flood after he was swept away in his SUV, which, according to an unnamed counselor, was full of campers. Right, in this suit, it pushes back against the narrative of the camp supporters that this was a 1,000-year event that no one could have prepared for, and that Dick Eastland was a hero who died trying to save these girls. Instead, they say that Dick was actually
Starting point is 00:12:28 grossly negligent for loading children into a vehicle in waist deep and then neck-deep water and then trying to drive. And specifically, they're pointing out that driving through floodwaters goes directly against the advice of experts, including the Upper Guadalupe River Authority. And with that saying that Dick should have known that because he was serving on the board of the river authority at the time of his death. The suit also goes on to condemn the camp for their actions after the flooding as well, saying that it wasn't until the late morning of July 4th that parents were actually made aware that their daughters were unaccounted for. And in fact, by that point, some of the girls' bodies were already being found. But of course, even more
Starting point is 00:12:56 than just the day of stuff, the families accused the camp of not having safety plans in place and even housing girls and cabins that they knew were flood risks. Right, because back in 2011, at FEMA determining that most of Camp Mystic is within a 100-year flood zone, meaning that there was a 1% chance in any given year that it would be flooded. But then, according to the suit, the Eastland successfully challenged the agencies' maps, which would have designated the area of the camp as high risk. With the suit reading, these young girls died because a for-profit camp put profit over safety. And with that, they're seeking at least a million dollars in damages,
Starting point is 00:13:24 but also, again, that's not the only one we need to talk about today. Right, because there was also a suit filed by the family of Eloise Peck, another Camp Mystic camper who died in the flood. And that lawsuit alleges that Camp Mystic is known since the 1930, 30s that the cabins that they used to house campers, quote, sat in the bull's eye of potential floodwaters from the Guadalupe River, and adding that since then, they have, quote, continued to play Russian roulette with the lives of little girls. And then the third lawsuit, it focused heavily on the alleged prioritization of equipment over the lives of campers, but they also said that there
Starting point is 00:13:50 should have been existing safety plans. It's saying that they should have trained staff and educated campers on what they would need to do in the case of an emergency. In these lawsuits, they come as Camp Mystic is facing renewed outrage over their announced plans to reopen next summer. Though notably, with that, it is on a nearby site, not the one where nearly 30 people die. But that little caveat, it has an easy anger for these families, especially considering that one of the campers' bodies still unaccounted for. I mean, even Texas lawmakers were caught off guard with the camp's decision to reopen with a lieutenant governor saying, I was shocked to see Camp Mystic begin signing up campers for next year with so many questions unanswered about what
Starting point is 00:14:20 happened that fateful morning. It was far as their response to these lawsuits you are the attorney for the camp saying that they empathize with the families, but they disagree with, quote, several accusations and misinformation in the legal filings and adding, we intend to demonstrate and prove that this sudden surge of floodwaters far exceeded any previous flood in the area by several magnitudes, that it was unexpected and that no adequate warning systems existed in the area. But then next up in the news today, let's talk about this Shea Mitchell's skincare for kids controversy. Because Shea Mitchell is an actress and influencer, and she's facing a ton of backlash right now for her new brand, Rini, that sell skin care products for kids. Right. And currently,
Starting point is 00:14:51 all the items on the site, there are various face masks, and the listing say that they're for kids as young as four years old. Though that also has there have been multiple reports saying that the descriptions previously said for kids as young as three. In the marketing, it's clearly meant to target kids that young. You have images on the site showing little kids, essentially toddlers with masks on. You know, some of the masks that are even meant to look like animal faces, including a dog, a panda, a unicorn. And in a video announcing line, you had Shay saying that she came up with this because she has two young kids who are always curious and interested when they see her doing her skincare routines. But... I tried to find her a sheet mask online,
Starting point is 00:15:22 and the ingredients in these masks are crazy. They're actually shouldn't be used for kids at all. And then the same was true for all of the makeup. Shea also writing that kids are naturally curious and instead of ignoring that, we can embrace it. With safe, gentle products, parents can trust, and sweet moments that bring us closer. But the response, I mean, it's been overwhelmingly negative. And when Shea announced the brand to her 35 million followers, you had people calling the line disappointing and dystopian.
Starting point is 00:15:45 Right, and that is others wrote things like teaching young girls from a very sensitive age that they need things to be and feel prettier, like they are not enough is disturbing, do better. And just because they want to do what mommy does doesn't mean they should. Right, and with a Reney brand also having its own social pages, the outrage has been over there as well. People adding, let kids be kids. like just why is this needed?
Starting point is 00:16:03 And stop targeting children, is this even legal? No child at age should have the burden of a beauty routine. For her part, Shea did previously say that the brand isn't about beauty, it's about self-care, about teaching our kids that taking care of themselves can be fun, gentle, and safe. But at least based off of the comments, that is, that is not the message that people are getting from this. And among those, you even have dermatologists arguing that at best, these products are just not necessary.
Starting point is 00:16:24 Because as far as, you know, what's in these masks, they're hypoallergenic, vegan, and fragrance-free, and depending on which one you buy it, as things like aloebara, vitamin, B12 and E and more. But with that, you've got dermatologists speaking out, including one who talked to the Today Show saying that kids' skin is already balanced on its own and already very healthy and resilient. So, you know, while Alavara might be good, after sun exposure, all these vitamins are just not needed or really proven to do much for them, especially when applied topically. With the ratting, if we're already potentially pushing the agenda that kids' needs to be fixed, then we're potentially highlighting imperfections for kids at a really
Starting point is 00:16:53 young age. It's kind of blurring the lines of self-care and promoting this idea that their skin is not already perfect. But also, you know, with this, the backlash has not been Universal. You've also had some people who think that the backlash year, it's overblown. It's no different from letting your kids play with nail polish or kids makeup set. And then with all that, some noting that amid the Sephora Kids' craze, other brands are actually making similar products to these. Some questioning why She's become kind of the face for this when she's not the first person to sell kids-focused skincare. And so with all this, like everything that we cover on this show, I definitely would love to know your opinion, but especially with this one, if you are
Starting point is 00:17:22 a parent, I'd love to know your thoughts. But the next step from that today, you know, Trump's decision to attack alleged drug ships in the Caribbean, it may have just done irreparable harm to its relationship with America's closest ally, the United Kingdom. Because according to reports, the UK decided it wasn't going to share information about the Caribbean with the U.S. over fears that Trump's attacks on alleged drug ships were illegal. And that's actually a big deal because the U.K., it's a major player in the Caribbean when it comes to Intel. They still have territories that house intelligence bases, and they've helped the U.S. for years
Starting point is 00:17:48 track down drug ships for the U.S. Coast Guard to intercept. But now, after the U.S. started blowing up ships and killing 76 people so far, you have the U.K. concerned that that intel could then lead to preventable deaths. Especially as there are growing concerns and accusations that at least some of the ships being attacked aren't drug ships at all. And of course, that's without mentioning that even if they were drug smuggling operations, international law doesn't give the U.S., carte blanche, just blow them up and kill people. Something that's led to the U.N.'s human rights chief Volker Turk, claiming that these were extrajudicial killings and they violate international law. Though possibly even more concerning for the U.S. is that these attacks appear to be pushing away more than just the U.K. Or possibly our second biggest ally is Canada, and they've also stopped helping the United States intercept smuggling operations in the Caribbean over concerns that they'd be completely.
Starting point is 00:18:27 implicit in the attacks. Now that said, they're still sharing intelligence with the US, but they say that the Intel isn't supposed to be used to attack ships, although it remains to be seen whether that demands actually being respected. Then I've got even more for you in just a minute, but let me say first, 17 million people just found out the hard way what data breach really means. The peer-to-peer lending platform prospered, they got hacked exposing names, contact information, and loan records for over 17 million users. And that's not just leaked emails, that's your financial life, sitting in a hacker's hard drive. And that, it's just one of the reasons why today's sponsor Incogni exists. It's a get your personal data out of the hands of data brokers and
Starting point is 00:18:59 databases that bad actors love to target. You see, Incogni, they reach out to those companies, they demand they delete your information, and they keep doing it automatically so your data stays gone. Now with their new custom removal feature, you can point to any shady site showing your information and Incogni's privacy team will handle it for you. These data brokers, they store everything from addresses and family connections to spending habits and job history, which makes you an easy target for scams and identity theft. Also Incogni's SOC2, GDPR, and HIPAA compliance means your information stay secure while they're scrubbing it from the internet. And so if Prosper's breach it made you wonder who else has your data, you're not paranoid. You're right. I signed up a while
Starting point is 00:19:31 ago. I think you should as well. And all you got to do is scan that QR code or go to incogni.com slash defranco and use code defranco for 60% off. That's incogni.com slash defranco code defranco because hackers can't steal what doesn't exist. But the next step today, let's talk about controversy in the world of crypto. Because Coinbase, which is a crypto exchange platform, they announced that they're going to start selling initial coin offerings. ICOs on the platform. Right, in ICOs, they've been around for a long time, but they gained a lot of notoriety between 2017 and 2018 when there was just a crazy amount of hype around crypto. And as the name implies, it's a way to buy into a crypto coin right when it launches. And almost all of them have ended up being scams. Right, time after time, we've seen marketing teams spending more time offering new coins with all kinds of claims or all kinds of claims or how great they'd be be feature they offered, but then almost none of them were true. Instead, it's often just been a way to skyrocket the price of different coins until
Starting point is 00:20:19 launch, and when the ICO happens, they'd be sold off. Or you often end up seeing a handful of people making a crazy amount of money. Now, one of the positives, and I say this is someone that consumes entertainment, is that these ICO scams have helped launch the careers of people like CoffeeZilla. He does these deep dives and investigates the scene. And we've also seen ICOs involving Kim Kardashian, Floyd Mayweather, and others who were eventually charged with SEC violations by the Biden administration. So with almost the entire space largely being considered scam territory,
Starting point is 00:20:43 there are real concerns for how Coinbase is going to tackle this. People asking, how are they going to decide which are legitimate and which are scams? And well, Coinbase is claiming at the issue with other ICOs is that they had no regulatory standards, and they're going to change that by allegedly requiring certain metrics to be hit. And at the same time, they say they're going to develop an algorithm that somehow knows which users are in it for the long haul and not there to try and make a quick buck before the rug pull happens. And saying part of it'll take some time as it identifies users who quickly sell versus those who hold onto coins. And probably one of the biggest safeguards that Coinbase wants to add is a timer to any sales.
Starting point is 00:21:11 Meaning that after an ICO, buyers and founders of the coin, they can't sell anything for at least six months, giving it time to find its footing. Right, and so with all this, the first real test is going to be Monad. Because Monad's the first coin that they're offering, and at least based on public reception, they've released a lot of information about the back end of the coin that past ICOs happen. So many in this spacing, this is kind of traditional finance and the crypto world blurring. For their part, Coinbase is at least attempting to present itself as a neutral regulator in a world where the Trump administration has increasingly taken a step back from regulating the crypto market. They've dropped multiple lawsuits against crypto people and crypto companies, including Coinbase itself. And that, while in Congress, the urge to pass things like the Clarity Act, which would introduce official regulations on crypto, it's plummeted. But for now, at the very least, we're going to have to wait to see what happens with Coinbase and these ICOs.
Starting point is 00:21:53 But then next up, in big international news, deadly explosions rock the capitals of both India and Pakistan in a span of less than 24 hours. And now the tensions between these two nuclear armed powers are at the highest since the conflict between them earlier this year. Right, and that was the deadliest flare-up and violence of the border since the full-blown war in 1971. Right, because back in April, you had militants in Indian-administered Kashmir opening fire on a group of tourists killing 26 people. In India, they blamed Pakistan to spend it a key water sharing agreement, expelled the country's diplomats, and closed the border. And Pakistan responded in a similar fashion, suspending a peace treaty, restricting trade, and closing its airspace to Indian Airlines. And all of that, it led to days of clashes between the two countries, which saw both sides carrying out strikes with missiles, drones, artillery, and other weapons. And while you then quickly had a ceasefire taking effect, you had experts in terms.
Starting point is 00:22:36 diplomats warning that this deal was very unlikely to actually lead to a long-term peace. I mean, you had the Indian government saying they treat any future terrorist attack on its soil as an act of war. And that, it brings us to last night, where in the Indian capital of Delhi, a car blew up and killed at least eight people. Right, with then also injuring more than 20 others, nearly melting several nearby vehicles, and as of recording, no one's taken responsibility for the explosion. And the government, they've avoided throwing accusations around, but the blast is being investigated as a potential act of terror. And then with that, you had Prime Minister Modi, promising to punish the conspirators behind this incident
Starting point is 00:23:05 and saying they will not be spared, and adding, all those responsible will be brought to justice. Right with that, you had a major Indian media outlet reporting that authorities have linked the blast to a Pakistan-based terrorist group. And notably, with that, just hours before the blast, you had the Indian government saying that it had busted an interstate and transnational terror module
Starting point is 00:23:21 with ties to that very same group. You had law enforcement claiming they had made over half a dozen arrest, confiscated several weapons, and seized more than 6,000 pounds of material that could be used to make bombs. And so you've had people like the SOAS South Asia Institute in London arguing that all of this, it may give India what it needs to take action against Pakistan again, saying there is
Starting point is 00:23:38 appetite for another conflict despite the qualified success of the previous campaign. And adding, for a large chunk of the public, that campaign was a resounding success. Now, with all that said, as far as on the other side, you have Pakistan already blaming India for the attack by a suicide bomber today, which killed at least 12 people and injured 27 others. And that attacker appeared to be targeting a courthouse in the capital of Islamabad, but detonated the explosive outside when they couldn't get in. And there, you've got an offshoot of a group known as the Pakistani Taliban or the TTP, claiming responsibility. Right, in the TTP, they're technically separate from the Taliban in Afghanistan,
Starting point is 00:24:08 but they're aligned with the organization. Right, and also, many of the group's leaders and fighters are believed to have taken refuge with the one in Afghanistan. And they also want to implement the same strict interpretation of Islamic law in Pakistan. And actually on that note, you had the TTP splinter group who took responsibility, saying in a statement, judges, lawyers, and officials who carried out rulings under Pakistan's un-Islamic laws were targeted, and adding that attacks would keep happening until Sharia law is implemented. And this, it just seems to be the latest sign that the group has become more emboldened since the Taliban takeover of Afghanistan in 2021. Right, one example, you know, in 2023, it's believed to have been a TTP-linked
Starting point is 00:24:39 suicide bombing at a mosque in the city of Peshawar, killing 84 people. And just yesterday, the group allegedly attempted to take cadets hostage at an army-run college near the border. But you had Pakistani security forces saying they stopped the attack and killed 20 TTP militants. And then, today's attack in Islamabad, it was the group's first attack in the capital since 2014 when militants killed 11 people in an attack on another courthouse. And so now you have the country's interior ministers saying, if the Afghan government does not stop these extremist elements operating from their territory, we will have no choice but to take necessary measures to deal with them. Right, because just like India accuses Pakistan accuses Pakistan accuses India of backing and even directing the TTP and other
Starting point is 00:25:14 proxies. And actually with this, you already have the country's prime minister's office describing today's attack as one of the worst examples of Indian state-sponsored terrorism in the region. Brain saying that it's ordered an investigation and bowing to bring those responsible to justice. So for now, we're going to have to wait to see what kind of comes from these investigations, but also then with that, connected to it, what each side decides to ultimately do. But then, my friend, is where this daily video ends, but there's even more just a click away. You've got the newest episodes of my podcast out, crashing out, and in good faith, with new episodes also coming out this week on Wednesday and Thursday. But no matter what you do,
Starting point is 00:25:43 let me just say, thank you for watching. I love your faces, and I'll see you right back here tomorrow.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.