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Garga Proposes Ending ApeCoin DAO, Stripe Buys Privy & Disney Sues Midjourney
CwC Weekly
June 13, 2025
Garga wants to shut down ApeCoin DAO
Stripe acquires Privy
Rekt Drinks returns with a small batch drop
Polygon’s founder takes control
Disney sues Midjourney
OpenSea’s XP system under fire
Watch & Listen Now: This week’s episodes featured bold calls and defining moments. Garga dropped a bombshell by proposing the end of the ApeCoin DAO, while Sandeep took over the Polygon Foundation, igniting a governance debate. Stripe’s buyout of Privy dominated onboarding talk, and the Rekt Drinks team returned with a scarcity-driven drop that’s heating up Solana. From the courtroom battles over AI art to the grind of XP farming on OpenSea, it was a week full of conviction, controversy, and community takes.
☕️ Brewing This Week
📰 Monday
Source: LiveArt on X
How LiveArt Is Bridging Fine Art and Web3 + NFT Market Sentiment Hits a Crossroads
Special Guest:
Luisa Leon - Head of Project Delivery at Live Art: https://x.com/LiveArtX
As NFT volumes dip and collector sentiment shifts, today’s episode opens with a look at whether the market is reaching a true inflection point. We break down how digital ownership behaviors are evolving beyond speculation. Later, the LiveArt team joins to discuss how their experience at Christie’s is shaping their approach to real-world asset (RWA) curation on blockchain. They explain how LiveArt is working to bring fine art standards and emotional connection into the next era of NFT collecting.
💡 Tuesday
Garga Proposes Shutting Down ApeCoin DAO + ETH and $HYPE Surge
Special Guest:
Greg Solano (Garga) – CEO and Cofounder of Yuga Labs: https://x.com/CryptoGarga
Ethereum rallies 9% and $HYPE continues its climb as Cap and Steve explore whether the market is signaling the start of altseason. Clutch Market emerges as a breakout dApp on ApeChain, earning praise for its strong utility and community alignment. Later, Yuga Labs CEO Greg Solano (Garga) joins to unveil his proposal to sunset the ApeCoin DAO and launch a new entity, ApeCo. The discussion dives into DAO inefficiencies, milestone-based funding, and how ApeChain can drive long-term value through more accountable ecosystem building.
🔗 Wednesday
Sandeep Seizes Control of Polygon + Is DAO Governance Doomed?
Polygon founder Sandeep Nailwal’s decision to take over the Polygon Foundation sparks a heated conversation around DAO governance and whether decentralized voting models are doomed to fail. The episode digs into why so many Web3 projects struggle with execution under DAO structures and explores how CT culture may be incentivizing clout over product. Cap and Steve also react to breaking CPI numbers and a potential Solana ETF filing, capping off a day filled with strong opinions and sharp community insights.
🤖 Thursday
Source: Privy on X
Stripe Acquires Privy + Disney vs. Midjourney in Court
Special Guests:
Bunchu - AI Expert and CEO of Billy Bets: https://x.com/BunchuBets
Stripe’s acquisition of Privy sparks major conversation about onboarding in crypto, with Cap, Steve, and Bunchu framing it as a defining moment for simplifying wallet creation. The episode also unpacks a high-stakes copyright lawsuit as Disney and Universal sue Midjourney, potentially setting a major precedent for AI-generated art. Other highlights include a debate over how to engage with Kaito’s leaderboard authentically, and Beezie’s final “Clawfee with Captain” segment as community guests make their last pulls.
🥳 Friday
Is OpenSea's XP Farm Broken? + Rekt Drinks' Small Batch Strategy
Cap and Steve go deep on OpenSea’s XP farming model, with Cap criticizing the repetitive token swap quests as exhausting and unnecessary, while Steve defends them as effective habit-building mechanics. The discussion brings in strong opinions from Joey Vowels and Von Frontin, who debate whether these incentives actually drive long-term user engagement or just short-term farming. They also touch on broader market sentiment and whether token rewards are sustainable during shaky conditions. The episode closes with a look at Rekt Drinks’ new Jupiter drop, as Von shares how small-batch scarcity and Solana distribution are fueling demand.
🎓 Quick Take For Newcomers
Speculate Less, Stick Around: The most successful people in crypto aren’t always the first to mint or the loudest on X. They’re the ones who keep showing up. Markets shift, hype fades, but consistent focus on real products and strong teams is what compounds. In Web3, participation is the edge.
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Have a wonderful, wonderful weekend everybody!
DISCLAIMER: This newsletter contains information presented solely for educational purposes and should not be interpreted as financial or investment advice. Any investment decisions should be made after consulting with qualified professionals. Please be aware that I may own several digital assets discussed in this publication.