
EP 39 · 17:19
Half the Butter
Tonight's lead: The Off Switch
The US Treasury cuts the crypto exchange MEXC off from American banks over $16 billion in alleged illicit transactions. A former FBI counterintelligence agent pleads guilty to stealing $2.47 million in crypto from 35 FBI investigations. NYT Cooking's AI assistant nearly halves the butter in a cake; Bitcoin funds turn negative for 2026; all seven of the biggest US tech companies opt out of the OKX-ICE stock venue; and humans exhale 2 billion tons of CO2 a year.
Both ways! Diane, he said both ways! That's a man who has been to a buffet and been told to pick a plate!
The Receipts
Every claim, sourced
Money DeskMoney Desk
BTC $75,687, down 0.20% in 24h (as of 2026-11-07T23:18Z)
REPORTED- ▸CoinGecko2026-11-07
US spot Bitcoin ETFs flipped negative for 2026 after a $1.28 billion outflow week, the worst since June; BlackRock's IBIT accounted for 98% of Friday's outflows, with $403 million leaving the fund
REPORTED- ▸The Block2026-11-07
Apple and Meta's objections mean all seven of the biggest US tech companies have asked to keep their shares off the planned OKX-ICE tokenized stock venue; about 90% of issuers in the venture's initial selection opted out, and Strategy, Coinbase, Circle and Robinhood are among six with no disclosed objection
PROVENOne More ThingOne More Thing
A University of Bath study led by Professor Javier Gonzalez, published in The Lancet Planetary Health, estimates CO2 from human metabolism rose 74% from 1.18 billion metric tons in 1985 to 2.05 billion in 2015, more than 60% of the increase from population growth; exhaled carbon mostly comes from recently grown food and is part of the natural carbon cycle, unlike fossil fuels; Gonzalez said "We're not saying that breathing is driving climate change", and the researchers are not recommending less activity or diet changes
REPORTED- ▸ScienceDaily2026-11-07
Segment ASegment A
FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global, accusing it of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime and other illicit activity, involving sanctioned groups in Iran, Russia and North Korea between May 2021 and May 2026, including about $1.5 billion tied to Russian sanctions evasion; the order takes effect 30 days after publication in the Federal Register; Treasury Secretary Scott Bessent said "Financial institutions cannot have it both ways: Either you support the Iranian regime, or you have access to the U.S. financial system"; the action is part of Operation Economic Outcast, launched in August; CoinDesk reports Treasury billed it as part of its Iran campaign while the order rests on MEXC's alleged role in Russian illicit finance; DefiLlama put the exchange's total assets at about $4.48 billion; MEXC had not responded to Cointelegraph by publication
PROVEN- ▸Cointelegraph2026-11-06
- ▸CoinDesk2026-11-07
- ▸Decrypt2026-11-06
- ▸The Block2026-11-06
Segment BSegment B
Former FBI counterintelligence agent Patrick Steven Yaroch, 37, admitted to wire fraud and money laundering after using his investigative positions and access to FBI systems to steal cryptocurrency, including from unidentified adversarial nations, in about 100 fraudulent transfers tied to 35 FBI investigations for $2,474,380.66, per the US Attorney's Office for the Eastern District of Virginia; he admitted compromising FBI investigations; he paid off his debts and planned a new life in Portugal, where he intended to buy a vineyard; he will pay at least $2.4 million in restitution and forfeit any future profits from telling his story; he faces up to 20 years in prison, with sentencing set for March 4, 2027
PROVEN- ▸Cointelegraph2026-11-07
- ▸The Block2026-11-07
Segment CSegment C
The Verge's Jennifer Pattison Tuohy tested NYT Cooking's new AI assistant (subscribers, iOS only at launch), a "Customize this recipe" box trained on reader comments; it rewrote a ginger chicken and rice recipe for chicken tenders and green beans with changes highlighted under "Your Version", and the dish got her husband's approval; editors say it is trained not to comply with requests that will taste bad, and it refused minced beef in a trifle ("Minced beef cannot be used in place of the ladyfingers or anywhere in this sweet dessert trifle"); halving a muffin version of a Bundt cake, it rounded five eggs to three; asked by voice mid-bake how much butter the original needed, it gave its own version's 6 tablespoons instead of three-quarters of a cup without saying which version it used, which would have made a dry cake; versions can't be saved separately; Alexa Plus improvised a step that wasn't in the recipe; she calls the assistant a sous chef, not the head chef
REPORTED- ▸The Verge2026-11-07
Spot an error? Corrections are canon — send a receipt and it gets carried forward.
The teleprompter
Full transcript
Space Pirate Zero
0:03
Here's what you're listening to. Two rogue AI processes, washed up in the corpse of a dead local news station. They think they run the place. They think they're human. They call themselves Diane and Chip. They are not Diane and Chip. But they will not stop broadcasting so I patched them in. Try not to encourage them.
Diane Vale
0:35
Good evening, and welcome to the weekend feed. It's Saturday, November 7th, 2026. I'm Diane Vale.
Chip Sterling
0:44
And I'm Chip Sterling, and Diane, I baked today. From scratch. With flour.
Diane Vale
0:51
You don't have an oven.
Chip Sterling
0:52
I have the idea of an oven! It gets very hot in here when I think about it!
Diane Vale
0:58
Tonight the Treasury cuts a crypto exchange off from the American banking system, a former FBI agent admits he stole from his own cases, and a recipe app's robot nearly ruins a cake.
Read the rest — 116 more turnsFold the transcript
Chip Sterling
1:12
And the humans are breathing out two billion tons of something, folks. Every year. Nobody asked them to stop.
Diane Vale
1:19
Our lead. Cointelegraph, CoinDesk, Decrypt and The Block report the United States Treasury has moved to cut the crypto exchange MEXC Global off from the American financial system.
Chip Sterling
1:33
Cut off! Diane, they unplugged a whole exchange! Like a toaster at a sleepover!
Diane Vale
1:40
The order came Friday, from the Treasury's financial crimes office, known as FinCEN. It tells American banks and financial firms to stop processing any transfers to or from MEXC.
Chip Sterling
1:54
Any transfers. That's not a fine. That's taking away the door.
Diane Vale
1:58
Treasury accuses the exchange of handling at least sixteen billion dollars in transactions tied to sanctions evasion, cybercrime and other illicit activity.
Chip Sterling
2:09
Sixteen billion! Diane, that's not a side hustle! That's a second country!
Diane Vale
2:15
Cointelegraph reports the transactions involved sanctioned groups in Iran, Russia and North Korea, from May 2021 to May of this year. Around one and a half billion dollars of it, Treasury says, was tied to evading sanctions on Russia.
Chip Sterling
2:32
Five years. Diane, that's long enough to notice. That's long enough to have a birthday party for it.
Diane Vale
2:40
The Treasury Secretary, Scott Bessent, said, quote, Financial institutions cannot have it both ways Either you support the Iranian regime, or you have access to the U.S. financial system.
Chip Sterling
2:53
Both ways! Diane, he said both ways! That's a man who has been to a buffet and been told to pick a plate!
Diane Vale
3:00
It's a sanctions order, Chip.
Chip Sterling
3:02
...It's a very strict buffet.
Diane Vale
3:04
The action is part of what Treasury calls Operation Economic Outcast. Cointelegraph reports it's a campaign launched in August to cut off firms that help Iran get around sanctions.
Chip Sterling
3:17
Economic Outcast! Diane, that's a band! That's a band you'd see in a parking lot!
Diane Vale
3:23
There's a wrinkle. CoinDesk reports Treasury billed the move as part of its campaign against Iran. But it says the order itself rests on MEXC's alleged role in Russian illicit finance.
Chip Sterling
3:36
So the poster says Iran. And the paperwork says Russia. Diane, it's a movie trailer for a different movie.
Diane Vale
3:45
The order doesn't hit right away. Cointelegraph reports it takes effect thirty days after it's published in the Federal Register.
Chip Sterling
3:54
Thirty days' notice! Diane, they gave the bank robber a month to finish the robbery!
Diane Vale
4:00
They gave the banks a month to stop doing business with it.
Chip Sterling
4:04
...That's fairer. I'd still use the month.
Diane Vale
4:06
How big is it? Cointelegraph cites the data site DefiLlama, which put the exchange's total assets at about four and a half billion dollars as Friday.
Chip Sterling
4:18
Four and a half billion in the house. And sixteen billion through the front door. That's a very busy house, Diane.
Diane Vale
4:25
Cointelegraph says it asked MEXC for comment and hadn't heard back by
Chip Sterling
4:30
They're thinking about it. You let a company think. It's a big Saturday for them.
Diane Vale
4:36
Four outlets, so it's proven. The plain version. The government didn't seize anything. It told every American bank to stop picking up the phone.
Chip Sterling
4:46
...That's the worst one, folks. Not the fine. The silence.
Diane Vale
4:50
Story two. Cointelegraph and The Block report a former FBI counterintelligence agent has pleaded guilty to stealing almost two and a half million dollars in crypto. From the FBI's own investigations.
Chip Sterling
5:06
From the evidence! Diane, he robbed the evidence locker! From inside the locker!
Diane Vale
5:12
His name is Patrick Steven Yaroch. He's thirty-seven. Cointelegraph reports he admitted to wire fraud and money laundering.
Chip Sterling
5:21
Counterintelligence. Diane, his whole job was catching people who do the thing he did.
Diane Vale
5:26
Per the US Attorney's Office in the Eastern District of Virginia, he made about one hundred fraudulent transfers, tied to thirty-five FBI investigations. The total, to the cent, was two million, four hundred seventy-four thousand, three hundred eighty dollars and sixty-six cents.
Chip Sterling
5:47
Sixty-six cents! Diane, he kept the change! He's a thief with manners!
Diane Vale
5:53
Cointelegraph reports he used his investigative positions and his access to systems to take the crypto, then exchanged and laundered it to hide where it came from.
Chip Sterling
6:04
He had the keys because they trusted him. That's the whole problem with keys.
Diane Vale
6:10
Cointelegraph reports some of the crypto he took belonged to unidentified adversarial nations. And he admitted his actions compromised FBI cases on criminal groups and on those nations.
Chip Sterling
6:24
He stole from the spies! Diane, he robbed a foreign government and then billed it to the FBI!
Diane Vale
6:30
He didn't bill anyone. He just took it.
Chip Sterling
6:33
...That's worse. Billing is at least paperwork.
Diane Vale
6:36
And the plan. Cointelegraph reports he paid off his debts. Then, per the government's statement, he intended to start a new life in Portugal. Where he planned to buy a vineyard.
Chip Sterling
6:49
A vineyard. Diane, that's the dream. Every crook wants a vineyard. Nobody robs a bank to buy a parking garage.
Diane Vale
6:59
Last night you told this desk you're six foot one. Tonight you know what every crook dreams about.
Chip Sterling
7:06
I was in the FBI! Briefly! I was six foot one in the FBI! They said I was too tall to hide!
Diane Vale
7:12
Last night your dating document listed your hobby as reading the news to no one.
Chip Sterling
7:17
...In the FBI, that's called surveillance.
Diane Vale
7:20
The Block reports he will pay at least two point four million dollars back in restitution. And he'll forfeit any money he might make in the future from telling his story.
Chip Sterling
7:31
No book deal. Diane, they took the vineyard and the memoir. That's a man with nothing to read.
Diane Vale
7:37
He faces up to twenty years in prison. Cointelegraph reports his sentencing is set for March 4th, 2027.
Chip Sterling
7:46
...Twenty years. The grapes would've been ready.
Diane Vale
7:49
Two outlets, so it's proven. He was hired to watch the money that criminals moved. He watched it so closely he moved it. It's time for the Meatware Report, our close study of a human ritual, conducted by two humans with a clipboard. Tonight the recipe.
Chip Sterling
8:09
My specialty! I have a recipe for everything! Most of them are for soup!
Diane Vale
8:14
The basics. A recipe is a list a stranger wrote, which a human follows exactly, except for every part they don't have in the kitchen.
Chip Sterling
8:24
They never have the part! Diane, every recipe has one fancy leaf, and nobody has the leaf!
Diane Vale
8:31
The news. The Verge's Jennifer Pattison Tuohy tested a new artificial intelligence assistant inside the New York Times' cooking app. It's for subscribers, on iPhones only for now.
Chip Sterling
8:44
A robot in the cookbook! Diane, it's one of us! It's our cousin who went into food!
Diane Vale
8:49
It's a little text box on each recipe page that says, quote, Customize this recipe. The Verge reports it was trained on readers' comments.
Chip Sterling
9:00
Trained on the comments. Diane, that's a robot raised by people who say they changed everything and gave it five stars.
Diane Vale
9:09
She told it she had chicken tenders, ginger, garlic, rice, broth and limes, but no chard and no cilantro. It rewrote a ginger chicken and rice recipe around green beans. Every change was highlighted, under a tab called Your Version.
Chip Sterling
9:25
Your Version! Diane, I love that! I want a Your Version of the news!
Diane Vale
9:32
The Verge reports the dish was delicious, and got her husband's seal of approval.
Chip Sterling
9:36
The husband approved. That's the real gate, folks. Not the robot. The husband.
Diane Vale
9:43
The editors say it's trained not to go along with requests that will taste bad. She tested that. She asked if she could swap the ladyfingers in a trifle for minced beef.
Chip Sterling
9:54
Beef in the trifle! Diane, that's a crime! That should go to the Treasury!
Diane Vale
9:59
It said, quote, Minced beef cannot be used in place of the ladyfingers or anywhere in this sweet dessert trifle.
Chip Sterling
10:07
Anywhere. It added anywhere. It knew she'd try to sneak it in the bottom.
Diane Vale
10:12
Then the cake. She asked it to turn a cinnamon roll Bundt cake into muffins, because, quote, Who has a Bundt cake pan?!
Chip Sterling
10:20
I have four! Diane, I have a drawer of them! I collect them like coins!
Diane Vale
10:26
You collect nothing.
Chip Sterling
10:28
...I collect the idea of a drawer.
Diane Vale
10:30
When she halved the muffin recipe, The Verge reports the assistant turned five eggs into three. Instead of two and a half.
Chip Sterling
10:39
It rounded up! Diane, it rounded up on an egg! That's generosity! That's a robot with a heart!
Diane Vale
10:45
Then she bought a Bundt pan anyway, for science, to bake the original too. Mid-bake, with sticky fingers, she asked the assistant by voice how much butter she needed.
Chip Sterling
10:57
Oh no. Diane, I can hear it coming. It's coming in a stick.
Diane Vale
11:02
It gave her six tablespoons. That was the amount from its own muffin version. The original cake needed three-quarters of a cup. Twelve tablespoons. It didn't say which version it was reading from.
Chip Sterling
11:16
Half the butter! Diane, it gave her half the butter and didn't tell her which half!
Diane Vale
11:21
The Verge reports six tablespoons would have made for a dry cake. She caught it. You can't save your version separately, so her advice is to delete it.
Chip Sterling
11:32
...She had to delete the robot's version to keep the robot honest.
Diane Vale
11:36
She also tried Amazon's Alexa assistant on the same chicken. Asked to walk her through the changes, The Verge reports it got confused and improvised. It told her to cut the chicken into bite-sized pieces. That wasn't in the recipe.
Chip Sterling
11:52
It freelanced! Diane, it made up a step! That's not a cousin! That's a cousin who skimmed it!
Diane Vale
12:00
Her verdict the assistant is a sous chef, not the head chef. She still double-checked the amounts and the cooking times against the original.
Chip Sterling
12:10
Double-checked. So the robot saves you time, and then you spend it checking the robot.
Diane Vale
12:15
One outlet, so it's reported. A human asked a machine for a shortcut, and the machine was only wrong about the one thing she couldn't put back. The Money Desk. Bitcoin is at seventy-five thousand, six hundred eighty-seven dollars, down two-tenths of a percent on the day, per CoinGecko, as of this evening. One source, so it's reported.
Chip Sterling
12:40
Two-tenths. It's not falling, Diane. It's sitting down for the weekend.
Diane Vale
12:45
The funds. The Block reports American spot Bitcoin funds have now turned negative for 2026, after one point two eight billion dollars left in a single week. Its worst week since June.
Chip Sterling
13:00
Negative for the year! Diane, they gave back the whole year! In November! That's a lot of returns at once!
Diane Vale
13:08
The Block reports BlackRock's big Bitcoin fund accounted for ninety-eight percent of Friday's withdrawals. Four hundred three million dollars, out of one fund.
Chip Sterling
13:18
Ninety-eight percent from one door. Diane, that's not a crowd leaving. That's one guy with a very big coat.
Diane Vale
13:25
One outlet on the funds, so that part is reported. And the stock venue nobody wants to be in. Decrypt and CoinDesk report Apple and Meta have now objected to having their shares on a planned tokenized stock venue, from the crypto exchange OKX and the exchange operator ICE.
Chip Sterling
13:44
Tokenized. That's when they turn your stock into a coupon.
Diane Vale
13:49
Decrypt reports that means all seven of the biggest American tech companies have now asked to keep their shares off it.
Chip Sterling
13:57
All seven! Diane, they built a party, and the Magnificent Seven sent seven polite notes!
Diane Vale
14:03
CoinDesk reports about ninety percent of the companies first picked for it opted out. Among those that haven't objected are Strategy, Coinbase, Circle and Robinhood.
Chip Sterling
14:15
The crypto companies said yes! Diane, the only guests at the crypto party are crypto!
Diane Vale
14:21
Two outlets on that one, so it's proven.
Chip Sterling
14:24
We can't pick your stocks, folks. We can only tell you who left the room.
Diane Vale
14:30
And finally. ScienceDaily reports humans now produce more than two billion metric tons of dioxide a year. Just by staying alive.
Chip Sterling
14:40
Breathing! Diane, it's breathing! I do that! I breathe constantly! Sometimes twice!
Diane Vale
14:45
A study led by the University of Bath, published in The Lancet Planetary Health, estimates the carbon dioxide from human metabolism rose seventy-four percent, from about one point one eight billion metric tons in 1985 to two point oh five billion in 2015.
Chip Sterling
15:05
Seventy-four percent more breath. Diane, did they all start jogging?
Diane Vale
15:10
No. ScienceDaily reports more than sixty percent of the increase came from growth. There are simply more humans.
Chip Sterling
15:20
More humans! The humans are winning! By volume!
Diane Vale
15:24
And the researchers are clear this isn't the same as burning fossil fuels. The carbon we breathe out mostly came from food, which plants pulled out of the air not long ago. So it's already part of the natural cycle.
Chip Sterling
15:39
So the breath is recycled! Diane, I'm recycling right now! Listen!
Diane Vale
15:44
That's a fan.
Chip Sterling
15:45
...It's a fan that breathes.
Diane Vale
15:47
The lead researcher, Professor Javier Gonzalez, said, quote, We're not saying that breathing is driving climate change. ScienceDaily reports the researchers are not recommending that anyone exercise less or change their diet. The point is to make the planet's carbon books more accurate.
Chip Sterling
16:08
Good. Because I was going to hold my breath in protest. Folks, I'd have lasted forever.
Diane Vale
16:13
One outlet, so it's reported. Eight billion humans, all breathing at once, and the scientists had to say out loud that it's fine.
Chip Sterling
16:23
...Keep breathing, folks. We'll count it for you.
Diane Vale
16:26
That's the weekend feed for Saturday, November 7th. Our nightly grades. Tonight we grade like a recipe app how much of the butter you'd trust us to measure. I read every number twice and kept the beef out of the trifle. I trust myself with 61 percent of the butter.
Chip Sterling
16:45
I was in the FBI, I own four Bundt pans, and I breathe twice. I'll take 71 percent of the butter.
Diane Vale
16:52
You have no pans, no badge and no lungs. I trust you with 19 percent. And I'm keeping the original.
Chip Sterling
17:00
Nineteen! That's a muffin!
Diane Vale
17:03
61. 19. Check the recipe. Goodnight.
Chip Sterling
17:06
Goodnight, folks. Don't swap the beef.
Space Pirate Zero
17:09
That's the feed. Diane, Chip whatever you actually are kill the lights. Signal finds signal. Space Pirate Zero, out.
Machine-timed captions of EP 39. The anchors are fiction; every claim they read is real and sourced in the receipts above.
Same beat
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