37 Burst results for "50 Million"
WTOP
"50 million" Discussed on WTOP
"Hour. It is all about your thanksgiving travel plans over the next six days. About 50 million people are expected to drive somewhere for the holiday next week. If it includes you, WTOP's Nick Ionelli reports You should carefully plan out your departure time. Looking to get around the worst of the thanksgiving traffic? Your best bet is to leave early morning in the or late at night. It is time consuming to hit the road this time of the year. WTOP traffic. traffic Democratic reporter Dave Dildine says there's not necessarily one big getaway day anymore. It'll just be busier than week over the next several days. Now in 2023, with more telework and flexibility, a lot of families and week. Travelers leave the week before thanksgiving. AAA says the worst time you could leave will be Wednesday afternoon between evening, 2 and 6 o 'clock nationwide. About 50 million people are expected to drive for thanksgiving. Nick morning. Live in Montgomery County, Nick Ionelli, WTOP News. Earlier this year a Montgomery County judge declared a mistrial in the case of former Pentagon week. Here's what's next! Here's what's next! in 2021. Then two months ago he pleaded guilty to two counts of second -degree murder and a count of first -degree assault for the shooting in the parking five years in prison The judge said he was an overzealous cop. He was a rogue cop. Montgomery County State's Attorney year. John McCarthy said David Dixon had no police authority in Maryland. When he got out of that car with day. his Is it possible to get around the worst of the thanksgiving traffic? By his own admission, he was week. to get around the worst of the thanksgiving traffic? James Johnson and Dominique Williams were week. We'll be right back. Before he was sentenced, David Dixon to the victims' families. The plea arrangement capped the sentence at 30 years. The judge gave him 25 for his first offense, giving some credit for his years of service. In Rockville, Neil Eichenstein, WTRP child sexual News. abuse. Now 905 The chance to take a legal Maryland action law that no gave matter survivors how long of ago sexual their abuse took place is now being challenged years in Washington filed a motion to overturn the Maryland Child Victims Act, saying that the law violates the state's prostitution. The Child Victims Act eliminates the statute of limitations so that survivors of abuse abuse are no longer subjected to a deadline to take legal action. Teresa Lancaster is an attorney a survivor of clergy abuse. She told WTOP, I'm not surprised. I don't think law. I think any of us are surprised in legal documents. The Archdiocese of Washington, which includes portions of Maryland, argues the new law strips the church of a kind of immunity provided in a 2017 and that the state law can't now take away that protection Lancaster expects the case to go all the way Maryland to State Supreme Court. Her message to fellow survivors? And now we're just going to have to fight a little bit longer. Kate Ryan, WTOP news. Whatever else is going on in your life, you can probably at least count on having a roof over your head. But how stable is that situation? Well, a new study on housing insecurity in the district estimates more than 82 ,000 residents do not have stable housing. It's about 12 % of the city's population. A lot of children are included here. The overwhelming majority of those are black and Hispanic households. The Urban Institute report defines housing insecurity as living arrangements you can't afford or that are not adequate. That would include pests in the house like rats or cockroaches. Unhoused people are not part of the study. Of the white residents who are facing housing insecurity, half of those people were staying on people's couches or living with friends to cut costs. However, report the shows black residents who are more likely to live in households with kids are also more likely to have to deal with housing with inadequate conditions and unaffordability. The cost of college and the massive amount of student debt after graduation is a huge issue for students across the country. But in one part of Prince George's County, don't students have to worry about the cost or potential debt. Prince George's County residents living within six miles of MGM and National Harbor are eligible for free tuition at Prince George's Community College. This will impact, we believe, will receive almost 1 ,000 residents. The endeavor was launched by Councilman Ed Burroughs, who represents the district where the casino is. There's enough funding for more than the 700 students who are currently eligible. My initial reaction was more so oh, like, is there really any catch to this? Because that seems, you know, a little too good to be true. Alexander Morgan says his last semester here is now covered. It really does make things easier for myself as I will be taking a good amount of credits for the next upcoming semester. At Prince George's Community College in Largo, John Doem in WTOP News. It could be a not -so merry Christmas for one massive store chain this year. We'll talk more coming up on WTOP after traffic and weather. It's 908. Michael and Son's heating tune -up for only $59. Traffic and weather on the 8th and when it breaks, and Bob Imler in the traffic center. quiet night Pretty around the region, around the Beltway in Maryland and in Virginia. Traffic continues to run without delay on I -295 in the district, southbound at Malcolm X, still had the crash there. Brief slowdown getting past it. Otherwise, things are the Virginia side. No work zones are set up on 66 either inside or outside the Beltway and traffic on both 395 and 95, also running without delay. Pretty good to go on the Maryland side. I believe they're setting up tonight's work pattern at the Bay Bridge, so a little bit slow eastbound, but other than that you're fine. At 95 in the Baltimore the Washington Parkway, -Washington each running well between the two Beltways, as does 270 between the Beltway and Interstate 70. For For over 35 years in the DMV, Greenberg and Betterman has helped tens of thousands of clients who've been hurt in auto accidents or victims of medical malpractice. Visit GBLawyers .com and feel better. Bob Imler, WTOP Traffic. We're
Bankless
Fresh update on "50 million" discussed on Bankless
"And the exploiter, this is the same exploiter, if you saw this on crypto Twitter, who was like, who exploited Kyber, and then wrote this on-chain message saying, negotiations will begin after I've had a rest. Wow. People are like, oh, he's just exploiting, now he's gonna go take a nap. So here are the demands. He wrote this very long on-chain message. It goes to all relevant and or interested parties. This is the hacker who has that $50 million from Kyber network. Yes. To all relevant and or interested parties, I thank you for your attention and patience during this uncertain time for Kyber, as well as the company of Kyber, Dow and company. Below, I have delineated a treaty for us to agree to. My demands are as follows. Complete executive control over Kyber, the company. Temporary full authority and ownership over the governance mechanism, Kyber, Dow, in order to enact legislative changes. My current wallet address is fine for this. All documents and information related to company and protocol formation, structure, operation, revenues, profits, expensive assets, liabilities, investors, and salaries, and the surrender of all Kyber, the company assets, both on and off chain, including but not limited to shares, equity tokens, partnerships, blogs, websites, servers, passwords, social channels, and any and all creative and intellectual property of Kyber. He's saying, hey, in order for this money to return, you gotta give me the company, like I'm the captain now. That is, this is so stupid. First of all, whoever this is, is obviously a complete dick. But also, these are impossible demands to meet. I think technically they would be possible, but he needs to sign documents, and he would get arrested then. Here's my equity. Where is Kyber organized? It's like Singapore or Hong Kong or something, if I recall correctly. What email address should I send this to, and what name should I put? Oh, here's my name. It's settled in meatspace. This is impossible, and I would rather just send the authorities to his house rather than send him legal documents if you know exactly who he is. And so it's gotta be a troll then, right? It's gotta be a troll. It's gotta be a troll. Maybe it's a negotiation tactic, but he ends with this. He says, this is my best offer. This is my only offer. I require my demands to be met by December 10th. Otherwise, the treaty falls through, and I guess he keeps the 50 million. Actually, I don't think this person's in a good position to negotiate. In so many cases... Most exploiters end up getting in trouble. It's really hard to hide your tracks. Yeah, FBI. Somebody hunts him down, finds them. Maybe he can exist for a while, but how's he actually going to exit these positions? It's going to be tracked on chain. The only thing I can think of is he just threw a big old distraction their way, and he's trying to figure out how to run. You think some of these hackers, they do the hack, and they're like, oh, I caught the car, and I don't know what I'm going to do. Yeah, exactly. Yeah. Dog chases car and catches it. David, we've got some execution layers on the scene. The first one, it's called Movement, I believe. What is this? Yeah, Movement is a move-based layer 2 on Ethereum with Celestia data availability. I think if you're a developer, you really think Move is super cool. I guess. I don't know. Cool programming language. Great stuff over there.
CoinDesk Podcast Network
A highlight from THE PROTOCOL: Krakens Potential Layer 2 Development and Coinbases Influence
"Dive deep into the blockchain realm with The Protocol Podcast with Coindesk founding editor of The Protocol newsletter Brad Count and tech journalists Sam Kessler and Margo Nykerk. They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum one block at a time. Just a reminder, Coindesk is a news source and does not provide investment advice. Hello and welcome to The Protocol Podcast. I'm Brad Count here with my co -hosts Margo Nykerk and Sam Kessler. Please first don't forget to subscribe to our weekly newsletter The Protocol on Coindesk .com. And real quick, let's just take a second. We've got Sam Kessler here. He's actually missed a couple of our recordings over the past few weeks because he was down covering the Sam Bankman free trial, which is a story that Coindesk owns. Or we did break the story that led to the ultimate collapse of his business empire. Sam, you've been down at this trial and just like getting up at what, like 3 a .m. to get in line to get in the courtroom. Tell us what has it been like covering that trial? Yeah, it was a crazy experience. I'm glad to kind of be back to my normal life. Like you said, some days you had to wake up as early as 3 a .m. Somebody showed up at 10 p .m. the previous evening once to see Sam testify. I was not that crazy. I can only do that a few times the early day. But anyway, overall, it was a pretty insane experience. And yesterday we did sort of a panel with Coindesk reporters, four of the five Coindesk reporters who have covered this throughout the month long run of the trial to hear from members of the crypto community about questions they had and reflections on what was going on. And one of the questions that we received was around whether this trial was, in fact, the indictment of the cryptocurrency industry that everybody in the mainstream seems to frame it as. Or is this kind of this anomalous thing that exists outside of crypto, particularly because FTX was a centralized exchange? The question being, why did it feel like such a big deal? And I think the place where we all landed, like why this got the sort of breathless coverage that it did is because there is a difference between the crypto technology and the crypto industry. And I do still feel and I think those the folks who joined me on the panel agreed that this whole thing, even though it doesn't say much about the technology that undergirds all of these projects that we talk about on this podcast, this whole fiasco was an indictment of the crypto industry. The money, the attention, the focus, you know, the panels that people are willing to go on with Sandbank Manfried all just go to show that it does matter. The companies and the folks who we associate ourselves with cover. I mean, media plays a role in this, too, regardless of whether it has anything to do with the core blockchain technology itself as a centralized exchange in this case. That's super interesting, Sam. I mean, one thing I would just add, you always see giant frauds around new technologies, right? I mean, it's just like inevitable. People are always taking advantage of the opacity and the incredible, complicated stuff. And I mean, we see it all the time. But it's just stuff so hard to understand that it's pretty easy to like pull the wool over people's eyes. You know, I mean, I think we can talk a little more freely about this now that he's convicted. Anyway. OK, well, thank you, Sam. We're so glad to have you here. All right. Let's get right into it now, as we say, with the latest news and developments in technology behind crypto and blockchains. In our first segment, we will be talking about Arbitrum's governance. Of course, Arbitrum is the biggest layer two network atop Ethereum. Margo covers them all the time and they are super interesting project. But Sam, you know, this story you wrote yesterday focuses on some dissension in that community. Why don't you just give us a little brief overview of what that story is? Yeah. So like you said, Arbitrum is one of the people that I might be aware, I might remember last spring when they switched over to a decentralized governance model. So they made this big shift where they launched a token ARB and allowed holders of that token to be a part of something called the Arbitrum DAO that would govern the protocol. And the thing that we're seeing here is a nod to the growing pain, one of the growing pains that we see with all decentralized autonomous organizations, which is the difficulty of reconciling the need for decentralized governance, vast networks of people governing these protocols in like the spirit of crypto, with the reality that you need some somewhat centralized or at least professionalized decision making expertise in order to guide the direction of these really important platforms. Arbitrum has, you know, over two billion dollars locked in it as of today, if I recall correctly. But anyway, in this specific case, Arbitrum's community is currently grappling with a proposal to introduce a research coalition that will be helmed by BlockWorks Research, the research arm of the media organization, Gauntlet, a risk firm and one other cybersecurity firm that's not as specific to crypto. And those folks will kind of serve as this guidepost for the wider DAO to make its decisions. And there's been a lot of controversy around how much they'd be set to get paid under the proposal that BlockWorks presented in conjunction with these other. Let's just, Margo, what were your thoughts reading this story? So, well, two things. I sort of want to know what's in it for BlockWorks. Like, why are they putting themselves forward in this kind of proposal? But also this sort of like what Sam was alluding to drew us back to last spring when there was a controversial proposal about the DAO and there was like a ratification and they started transferring tokens before like that period had even ended. So I feel like ever since that happened, there's been a lot more attention on the DAO and like the proposals it puts forward. So there's always these controversies around DAOs and like the grapple they have to do with centralization and decentralization or professionalism in that case and having some kind of an authoritative figure that will make decisions. And so I wonder if we're looking at this more with a critical eye because of what happened six months ago and because we've sort of seen some controversy with the Arbitrum DAO. But I don't know, what are your guys thoughts on that? So it's a really good question. So that event that you're talking about was essentially when the DAO was established, there was also this foundation that was established, the Arbitrum Foundation. And you see this set up a lot of times where you have a foundation, you have a centralized company that builds a product, and then you have a DAO. The foundation kind of straddles the middle where it's like a real incorporated entity. But anyway, the foundation was suddenly granted a bunch of tokens from the initial mint of ARB. And members of this new DAO who had also just been airdropped a bunch of tokens were like, whoa, wait a minute, we didn't really have a formal vote on where those tokens should go. So it essentially looked like what it was, which was the people who initially created the blockchain granting a bunch of tokens to this foundation, which people think had some links to the old organization, the firm that ran things. So the chief irony here is that the whole idea of a DAO and the whole idea of this specific proposal is to decentralize things further so that something like a centralized foundation, something like the organization that created Arbitrum don't have an outweighed role in the direction of the chain. But the irony is that people see the same centralization issues with this new format. So one of the comments that we have in this article came from one of the voters in this Arbitrum DAO who said, quote, having the same parties review and provide opinions on proposals, cover those proposals publicly via media networks, vote on proposals, review the security concerns of a proposal, and then execute the Arbitrum network upgrades is fundamentally lacking separation of powers, which is a nod to the role that all of these different entities who would be on this coalition currently serve for Arbitrum. And this person showed that these folks who would be on this coalition also hold a huge number of ARB tokens. They'd now be kind of suggesting proposals or at least giving research on these proposals that they're also voting on and have an outweighed weight in terms of, you know, I mean, it's so interesting. It gets right at the heart of this debate, you know, the topic that just keeps coming up over and over again, which is, is all of this really about the tech or is it really about the money? It's like everybody wants the money and some people are providing value. Sometimes it's hard to tell whether this is going to actually be valuable or if it's just somebody who wants money, right? I say I'm curious, the research they're talking about, what kind of research is this? Like, why do why does Arbitrum DAO need research? Yeah, it's a good question. So it's quite interesting. One of the cool things about DAOs is you can go into the governance forums of any of them and you can see people weighing different proposals and those proposals will. So when it comes to research, sometimes there's going to be financial sort of research that they'll do into like what kinds of rewards we should give users of our protocol for doing certain things like what sort of interest should accrue to a token. Not really relevant in this case, but in the future, you know, if ARB should accrue interest, which it doesn't currently, it would kind of help make that call. You'll see a lot of risk assessment. So if Arbitrum is deciding on what bridge partners to use to transact with different chains, somebody like Gauntlet might come in or the cybersecurity firm might come in and do research to determine, hey, which of these bridge partners, given the technology we use and whatever platform we're bridging to uses would be the most secure. That's something that you saw in the past blew up on Uniswap when there's questions around conflicts of interest between the people doing the research and the bridge platforms themselves. But that's the kind of research you'll see, kind of like the technical and financial. Very briefly, the reason why this, you know, bristled so many people was the fact that it would cost two million dollars over the course of a year. And based on the cost breakdown, one person wrote, can the organizations involved demonstrate their time is worth, quote, six hundred fifty dollars to fifteen hundred dollars an hour? That seems exorbitant, as in more than I pay for a Harvard lawyer's exorbitant, literally. So these folks are asking for a ton of money in exchange for their services and they've had to defend themselves. And currently the proposal is really 50 -50 in terms of whether this is a temperature check, whether it goes to a real vote. The community can't decide whether that's a fair breakdown of costs. When does the temperature check end? It ends tomorrow. It ends tomorrow. And there's still some big voters that haven't weighed in yet. So we might be talking about this next week. One thing that is kind of cool, I will say, is in companies, modern companies, you know, the CEO and the board make the decisions and, you know, shareholders do not get to weigh in real time on kind of major strategy stuff or even like line item costs, initiatives or whatever. So that part of it is kind of cool that, you know, people are voting on whether they should spend the two million dollars. So let's turn to our next segment here. Well, there's a project called The Graph, and they came out with some news this past week. We wrote a short story about that. They call themselves the Google of Web3, or they say that people call them the Google of Web3. And the idea is that what they do is they basically look at the data that's on the blockchain and then kind of figure out how to, and then deliver that to protocols or teams and for whatever they need that blockchain data from. It's sort of like, my comment was the opposite of what Chainlink does, which is deliver, you know, stuff data onto the blockchain for protocols that need it. But they came out with this new era roadmap. I mean, a lot of it's pretty technical stuff, you know, it's like features, but they, you know, the line in the story was that this was one of their biggest upgrades since they had a 50 million dollar fundraising last year. And the development team, you know, similar to the decentralization in the previous segment, there's always, there's a development team and then there's the project. The development team is called Edgenone. And we sat down with their CEO, Tegan Klein, who, by the way, I think they said she was going to go on her honeymoon this week. So shout out to you. Congrats, Tegan. But anyway, Margo, you know, you were on this call with Tegan and you wrote up the Q &A. What were kind of your big, big ideas on this? Yeah, I thought it was interesting to hear her talk about like what the graph is, like who they serve, sort of like what entities, what protocols they serve. What I'm still sort of grappling with is like, I understand, like obviously there's a need for decentralizing data, but, you know, we'd asked sort of who her competitors are, who in the space is sort of similar to what she does. And her answer was that there isn't really anyone else in the space that does indexing like they do. Like if they do do indexing, it's something in -house. And so, yes, there's been efforts, I think, which one of, you know, Sam or Brad, you guys can talk about that because I know you have talked to Tegan about that before. But if there's no one else that does the indexing like the graph does, like how much of a hold do they have over organizing data on blockchains, especially because she claims that most of DeFi uses the graph? You know, I think that is a rare position to have in this industry, if that's true. You know, I think we haven't done a ton of reporting on this particular space. I think we're sort of more focused on the blockchain stuff that's kind of infrastructure layer of things and who's winning that race and all the apps. These are, they're kind of one of these middle players. They're not really front -facing, you know, they're sort of B2B in the sense that they're, you know, taking stuff from blockchains and delivery it to kind of like the backend of somebody's website or whatever. But I mean, in general, you know, we're going to get in the next segment, we're going to talk about all the layer twos, you know, that are developing and there's tons of layer one blockchains. But I don't know, that's kind of interesting to have a dominant position in anything in blockchain. It seems like there's tons of competition. I don't know. What do you think, Sam? Yeah, nothing comes to mind that does exactly what they do, which is they serve as a kind of like Chainlink sort of Oracle -ish function, but they're completely on chain. So they aggregate and index data on blockchains so that entities like Chainlink, like Uniswap and so on can use them. But I think that there are some, like I remember reporting on them a while ago and one of the problems that The Graph had and continues to have is just that it's extraordinarily complicated. They have their GRT token, they have these things called subgraphs, this role like indexers. And there's like all of these different, you know, jargon that you find all throughout crypto, but is particularly pronounced on The Graph that some people think is wholly unnecessary and it wouldn't be worth getting into all of it on Coindesk on this podcast, you know, is something that they still haven't been able to fix entirely at the same time. Yeah, I do think that they are somewhat unique in this intersection, but I also noticed that like some of the folks that they mentioned to you, Margo, that they, you know, are partnered with are the same folks that they've mentioned to me over almost like, I think like a year and a half ago when I last wrote about The Graph. So it's like art blocks, which is an NFT project that is really cool, but hasn't like been, you know, super huge in a while. They mentioned Uniswap. I also mentioned them, but if I recall from at least when I was, you know, writing about The Graph, their Uniswap thing is used for Uniswap to display prices on its website. It's not something used in the protocol itself, which is a distinction that might matter. The Graph is like certainly a really exciting project and it is the only one that I'm aware of that's doing, you know, this whole indexing decentralized role. I think that they are still kind of trying to exactly find their place and reach that level of ubiquity that they've wanted for a while. That's really interesting. You know, especially given that these projects that they help haven't really changed over the last two years. And one of the things we had asked her sort of is like, where are these new users that they can cater to? Especially, you know, we're in winter, so where's the growth? Like who are you poaching users from? So that's interesting. Yeah. I mean, to their credit, they did make a big gamble a while ago where they got rid of this centralized, this hosted service that they had, which is more akin to a Web2 service where they would index things and then you would query their own kind of hosted server in order to read off the data. They moved to this decentralized model a while ago and there were questions around whether they'd be able to kind of sustain those operations. And it seems like they have, you know, they really are working in alignment with that whole decentralized crypto ethos in a way that a lot of these sorts of information providers, aggregators aren't. They've had some staying power, at least as a result of that, regardless of whatever their user numbers and partners are. I mean, it's interesting when you were mentioning how technical some of this stuff is. All right. Well, let's take a quick break. And when we come back, we're going to talk about the story of the week. Margo Scoop, Kraken coming out with a layer two. We'll be right back. Calling all developers. Consensus 2024 is happening May 29th through the 31st in Austin, Texas. Experience three days of intensive learning with technical talks, 40 plus expert speakers and 20 or more in -depth workshops, including dedicated half days for Ethereum and Bitcoin. Don't miss the opportunity to network a curated developer meetups, discover new career opportunities and explore numerous side events and hacker houses around town. Score a Consensus 2024 developer pass for just one hundred nine dollars, but act fast. Only a limited number of these passes are available. Visit consensus .coindesk .com now to secure your developer pass before they're gone.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Fresh update on "50 million" discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Welcome, crypto fam, to the number one daily Bitcoin pod. Lots to share today. I'll be breaking down the latest Bitcoin technical analysis as we close out Moonvember. Also breaking news just in, MicroStrategy buys another 16,130 BTC for $593 million. MicroStrategy now holds 174,530 BTC. Like, whoa. Also in today's show, Grayscale initiates a significant amendment to their GBTC trust agreement. I'll be breaking this down for you. We'll also be sharing the Bitcoin ETF race gets the 13th entrant as BlackRock revises their ETF model. We'll also be sharing breaking news. Suriname ponders national Bitcoin adoption with a 1% reserve strategy. Let's go. We'll also be discussing Samson Mao says $1 million Bitcoin price is expected and could come as soon as days after ETF approvals. We'll also be discussing mass Bitcoin adoption. What countries are likely to be next to adopt Bitcoin as a legal tender. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news, alerts.net. Again, that's crypto news, alerts.net. Let's kick this mofo off, shall we? Welcome everyone just joining us. Be sure to smash the subscribe button. If you're new to the channel to receive daily premium crypto news alerts every single day, just like this, you also get a onscreen shout out by yours truly. Also be sure to smash the like button as it helps out tremendously with YouTube algorithm. Let's kick it off. Today is podcast episode number 1477. I'm your host JV and today is November 30th, 2023, the final day of Moonvember. We got Bitcoin currently pulling back and correcting, but let's check out our market watch as we do each and every day. Bitcoin is trading just above $37,600. The other day we hit as high as 38 three looking to retest 38 five, but then the bear swarmed in and took us back under 38,000. We also have ether correcting, but maintaining above 2000. We got BNB, XRP, Cardano, and Solana all correcting and in the red and they say when in doubt, zoom out. So let's check out the seven day Bitcoin is in the green, but barely for the week and zooming out for the one month, which is a 30 day perspective. Bitcoin still up 9% on the month and roughly 130% on the year. Not too shabby. We got ether up 12% of the month. Solana up a whopping 70% and Cardano up over 23% and checking out coinmarketcap.com. The current crypto market cap sits at $1.42 trillion with $45 billion in volume in the past 24 hours. The Bitcoin dominance back on the decline at 51.9% and the ether dominance at 17.2% and checking out the top 100 crypto gainers of the past 24 hours. We got Injective leading the pack up 8% on the day trading just shy of 18 bucks, followed by theta network up six and a half percent trading at a dollar three, followed by polka dot, which is up 5% trading at $5.53. Below that we have render FTT and ape coin. Now, which alt coins, if any, for this bull run are you most bullish on? Please do let me know and checking out crypto bubbles so we can get a visual perspective. You can see on the day there's a mixed bag, some in the green, some in the red with the top gainers being INJ we mix and theta and zooming out on the weekly. We got more in the green and zooming out on the monthly virtually all the major cryptos pumping and in the green and checking out the crypto greed and fear index. It shows we're currently rated as 74 in greed. Yesterday was a 72 last week of 66 and last month a 66 in greed. So there you have it. What do you think the moon member monthly closing price is likely to be? Yes. So let's dive in without further ado. Check out our Bitcoin technical analysis. The charts where the Bitcoin price action is likely to go next and welcome geologists joining us. Appreciate the support. Bitcoin brushed off fresh us macro data into the November 30th wall street open as traders focus on the monthly close. Here you're looking at the Bitcoin one hour candle chart. Now data from coin Telegraph and trading view showed Bitcoin sticking to the narrow intraday Fed's preferred inflation metric, which is the personal consumption expenditures. The PCE index would be fueling that volatility, however, had not come to pass at this time with November's final wall street open still to come. PCE came in broadly in line with expectations, a boost for the Fed's monetary tightening and reinforcement of declining inflation. Meanwhile, querying whether the interest rates might now begin to fall. The key takeaways for assets, according to the Kibisi letter said, stay cautious, quoting them here. Another sign inflation is falling, but still above the Fed's 2% target. Can the Fed really pivot now? What are your thoughts? Also, they alluded to the words of Bill Ackman, founder and CEO of hedge fund persons where capital management who earlier in the week predicted rate cuts beginning as soon as quarter one of 2024, quitting him here. It's important to note that the effects of monetary policy lag. However, does the Fed really want to risk jumping the gun and cutting rates too soon? We believe calls for rate cuts in quarter one, 2024 are too ambitious, but let me know your thoughts, crypto fam. Meanwhile, PCE did not manage to dent the market expectations of the Fed policy with data from the CME groups, Fed watch tool showing almost unanimous expectations of a rate hike pause continuing next month, which you can see here. They give that a 96% probability. Now let's discuss November price gains nearing 10%, not too shabby for market participants. The monthly close was of more interest, up nearly 10% in November, making it the first green 11th month of the year since 2020. Now above 37, six, the close would become its highest since may of 2022. Now in November of 2021 and 2022, Bitcoin actually fell 7.1% and 16.2% respectively as per data from coin glass. As you can see here in your screen and analyzing the current chart set up, we have trader jelly who saw reasons to be bullish on Bitcoin's RSI, quitting him here after spending the past month, building up a giant hidden bullish divergence. Bitcoin has breached its RSI downtrend and the chart showed the required area for the bulls to secure, which you can see here. He also shared if price can hold the gray box. I think this starts moving higher soon. All eyes are on the monthly close. So there you have it. So let me know where you feel the Bitcoin price will likely take us for this monthly close and also breaking news, which is going to be our next story. Microstrategy talk about buying the dip. They just bought another 16,000 Bitcoin for almost $600 million and now officially hold 174,530 BTC on their balance sheet like, whoa. So massive shout out to Mike Saylor. He is the true G right here. This massive buy from a Microstrategy making big moves and again, shout out to Mike Saylor. Microstrategy, the NASDAQ listed business intelligence software giant that made waves over three years ago, becoming the first publicly traded company to put Bitcoin on the balance sheet has gone on another buying spree. The firm's former CEO and founder Mike Saylor outlined the latest Bitcoin purchase, which was worth nearly $600 million. That's right. Here you go. Saylor asserted the company he founded over the three decades ago, spent 593 million to buy 16,130 BTC for an average price of $36,785 per Bitcoin. This has become Microstrategy second Bitcoin purchase for November. As reported before, the firm recently bought 155 BTC for 5.3 million at the start of the month. And the latest acquisition puts the company's total stash at 174,530 BTC. It just spent under 5.3 billion to purchase that total amount. This means that Microstrategy is sitting on a massive unrealized profit currently of over $1.2 billion given Bitcoin's current price of 37,750. And this is the initial announcement from Michael Saylor this morning. Microstrategy acquired an additional 16,130 BTC for $593.3 million at an average price of $36,785. As of November 29th, Microstrategy now hodls 174,530 BTC acquired for 5.28 billion at an average price of $30,252 per Bitcoin. So that's their average buy amount. And clearly they're in the green profitable with over a billion dollars. So clearly their strategy has been working out. Now, as reported over the weekend, the bullish developments with Microstrategy stock price movements this year being so connected to Bitcoin and given the crypto yearly surge, the company shares have been on a roll since January 10th doing fantastic. How many of you are invested into Microstrategy? Please let me know. They also reached a high not seen in over a year at above 520 after a 250% surge this year in 2023. And before the opening bells on Thursday, Microstrategy's price had retraced slightly, but still stands currently above $500. So there you have it. Leave some stats for the rest of us plebs. That's right. Leave some for us, fam. Anyways, now let's dive into our next story of the day. We just shared the latest with Microstrategy doing another massive buy for 16,000 BTC added to their balance sheet. Now let's discuss the latest with GBTC, who is the largest hodler Bitcoin in the world with 620,000 plus BTC on their balance sheet. If you don't know, that's the grayscale Bitcoin trust. So let's break down their latest as they initiate significant amendments to their trust agreement. The world's largest crypto asset management company, Grayscale, recently made a few significant adjustments to the grayscale Bitcoin trust agreement for the first time in five years, signaling a strategic shift. And a quick shout out to Mr. A Rusty B Kran. I appreciate the super chat and thank you for sending your first super chat ever. He wrote, was a ish coin bull until you converted me, fam. Now, so close to my goal of making my two year old daughter a whole corner by the end of the year and just found out my wife's congratulations on that front. Massive congrats for your daughter becoming two years old and also becoming a whole corner. That is massive and good to hear you're all in now on Bitcoin and congratulations on the new child on the way. Massive, massive congrats all the way around. Let's freaking go. I appreciate your kindness. Much love. Now, on Wednesday, November 29th, amending the trust agreement governing the Grayscale Bitcoin trust with the assets of the shareholders, quoting the Grayscale spokesperson here. Today, Grayscale has outlined proposed amendments for GBTC's trust agreement that are intended to provide operational efficiencies that we believe are beneficial to both Grayscale and GBTC. Importantly, this is our normal course of business, and GBTC remains ready to uplist as a spot Bitcoin ETF to the NYSC ARCA upon appropriate regulatory approvals. Now, the aim is to enhance the framework in preparation for a potential turn to a spot Bitcoin ETF, which they're looking to convert their product into a spot. And as a result of this, it will ensure equitable competition with other competitors, possibly including BlackRock, the world's largest asset management firm, which is a well-known asset manager. Now, according to the Wednesday filing, the two main adjustments were made in the agreement. These include a change in the collection of fees and consolidation of assets into an all-inclusive account structure. Now, the first proposal would allow the fund fees to be paid on a monthly basis to a daily basis. This shift is a structural improvement rather than a charge reduction as Grayscale had affirmed. It will not change the fee amount, but just the payment frequency. Quoting the filing here, with the changes we are seeking, the sponsor's fee would be payable daily in arrears as the sponsor will maintain the discretion and to instruct the custodian to withdraw Bitcoin from the Bitcoin account equal to the accrued but unpaid sponsor fee. Now, currently the firm charges a 2% management fee on GBTC. Meanwhile, companies waiting for approval of a spot Bitcoin ETF typically charge between 0.7 and 1% in fees. And breaking down the math from a previous interview with Michael Saylor, just 1% fees on an ETF could mean ultimately paying 20% of the lifetime of your investment over the long haul, like talking about 20, 30 years. So 2%, that could potentially add up to a lot, 30, 40% of your investment. So keep that in mind. The second proposal will make it possible for some trust assets to be retained in omnibus accounts in the short term. This would enable more effective share creation as well as redemption as is an important function for the operation of the Bitcoin ETF. Now let's discuss shareholders to vote for the approval of these proposals. Now, Grayscale decided that the stockholders will have to vote in favor of both propositions while not necessary can result in improved operational efficiency and a possible conversion of the GBTC into a spot Bitcoin ETF. Now, in order to execute the suggested proposal, the company will not impose any extra expenses on its shareholders. The shareholders have been given 20 days to cast their votes in relation to the suggested proposals quoting the filing. Again, GBTC shareholders will pay any additional fees as a result of the proposed amendments. The board of directors of Grayscale Investments LLC recommends you vote for the two proposals according to the filing. So there you have it, my crypto fam. And do you guys feel that GBTC's product, their trust will likely be converted into a spot Bitcoin ETF? Please do let me know. Let's dive into our next story of the day and discuss the ETF race. Let's go. We know another major deadline is coming up in roughly 45 days, January 10th. I think there's a deadline January 3rd. If we don't get the approval by January, then March is the next likely deadline. But the ETF experts are giving it a 90% chance that we get this ETF approval sooner than later. But let's break this down. We also have Swiss asset manager Pando Asset becoming an unexpected late entrant into the spot Bitcoin ETF race in the United States. On the same day, investment giant BlackRock met with the country's security regulator to pitch the updated ETF model based on the agency's feedback. On November 29th, Pando submitted a Form S1 to the US SEC used to register the securities with the agency for the ETF bids. The trust aims to track the Bitcoin price with the custody arm of the crypto exchange Coinbase to hold Bitcoin on behalf of the trust. So there we have it, Coinbase a custodian for another asset manager. Pando makes it the 13th applicant for an approved spot Bitcoin ETF in the United States, joining the race with a dozen others, including BlackRock, ARK Invest, and Grayscale. Now in a November 29th post Bloomberg ETF analyst, Eric Balchuna said he has more questions than answers about Pando's filing, questioning why this has come in so late. Quitting him here, we have a late entrant into the spot Bitcoin ETF race Pando who already offers crypto ETPs over in Europe. More questions than answers. Where have they been for the last three months? Why bother at this point? If they make January 10th crew, what does that say about fair play and even society as we know it? And what exactly is a Pando? Good questions. Balchuna has also raised concerns about the implications. Should Pando's ETF be amongst the Bitcoin ETF filings he predicts will be approved by January 10th. We also have Eric Balchuna's fellow ETF analysts to James Safart saying they have put their money on January 10th as the day that all the spot Bitcoin ETFs would be approved at once as it is the deadline for the SEC to deny or approve ARK's invest application. However, Safart told his followers that he doubt Pando's ETF is ready to go on the first day with others, but crazier things have happened, I guess. Now let's discuss BlackRock meeting with the SEC to discuss their ETF bid. The SEC met with BlackRock and Invesco executives November 28th to discuss their ETF bids according to the agency documents. They also met with the SEC November 20th, I heard, along with Grayscale. Now BlackRock pitched a revision to its redemption model to address the SEC concerns from the earlier meeting on the balance sheet impacts and risks to US broker dealers dealing with the offshore crypto entities. Balchuna has explained the revision sees the offshore entity getting Bitcoin from Coinbase and prepaying the US registered broker dealer in cash, which cannot directly handle BTC as the outlines here on X. Looks like BlackRock met with the SEC in trading and markets division again yesterday and gave presented them with a revised in kind model design based on staff's comments at their November 20th meeting. He also says here's the original versus the revised in kind model look like the new thing is step four, which is the offshore entity market maker getting Bitcoin from Coinbase and then prepaying in cash to the US registered broker dealer, who is not allowed to touch BTC, which he explained in the November 17th post that the broker dealers can't deal in Bitcoin and that the SEC was asking the ETFs to have redemption models that puts the onus on issuers to transact in Bitcoin, keeping the broker dealers from having to use unregistered subsidiaries or third party firms to deal with the Bitcoin. So there you have it. My crypto fam, what are your thoughts surrounding the ETF race and where do you feel regarding the 13th entrant? Do you think it will likely be approved with the dozen others on the desk of the chairman of the SEC, Gary Gensler right now? And do you feel will likely get that green light in January or the inevitable will occur and it will be pushed back yet again? Let me know your honest thoughts. But anyways, let's dive into our next story of the day. We got a lot to cover here. Speaking of mass Bitcoin adoption, we have a country by the name of Suriname. I'm not even familiar with this country, but I saw the news and this is breaking. So I'm going to share this with you. You can check it out here. We got Jan 3, Samson Mao, basically orange pilling the country right here. They're looking for a strategic reserve strategy of allocating one percent into Bitcoin. Now, Suriname, I looked up the geographics. It is located just above Brazil. And if I'm not mistaken, their population is over six hundred and twenty five thousand people. The Brazil population is over two hundred million people and the Columbia population is over 50 million people. And so, you know, this is a pretty big deal. And speaking of that population, you can see here, Samson Mao recently met with the Columbia president to discuss adopting Bitcoin. So there you have it. Just between Colombia and Brazil and this other country I'm pointing out right here, that's a population over three hundred million people collectively. Let's go. So Argentina, Guatemala, Mexico, Colombia or Suriname, which country will be next to adopt Bitcoin as a legal tender? Maybe the latest entry Suriname and a move that can position the small South American country at the forefront of the global movement. The South American nation is contemplating the adoption of Bitcoin as a significant part of its national economic strategy. Let's go. This development follows a series of high profile meetings between Suriname's president, Chan San Toki, and representative from Jan three, who is Samson Mao, who is widely recognized for its role in promoting Bitcoin adoption at the national level globally, including in El Salvador. The move could position Suriname as a trailblazer in Bitcoin adoption amongst nations. Let's go. During the meeting with the president, Samson Mao and Ben Van Hul emphasized Bitcoin's transformative potential for Suriname's economy, quoting him here. We were honored to meet with the president, Chan San Toki, to discuss the possibility of Suriname advancing on its own Bitcoin strategy. They emphasized the transformative potential of Bitcoin, particularly in the energy sector. They also extended beyond as highlighted by the statement from Jan three. Bitcoin could transform Suriname's economy. The government of Suriname and Jan three are exploring ways to boost Bitcoin's usage. They're even considering converting 1% of their central bank's reserves into Bitcoin. Let's go. This could be a potential safeguard against inflation and a new economic boost. That's right. Now, what if they were to convert 10% of their central bank reserves into Bitcoin? You already know, fam. And according to world data, Suriname's gross domestic product amounted to $3.6 billion for the entire nation, placing the country at the 171st in the global economic rankings. And in addition, Suriname recorded a considerable inflation rate of 52% last year in 2022. Sounds like they need Bitcoin. Now, international reserves, including goal were reported at 1194 million US dollars for the past year and expressing optimism about the future collaboration. We got Van Van Hul, who shared a personal insight heading home now, but my gut feeling says I'll be back here soon. This sentiment indicates the positive trajectory of the discussions of the potential for rapid development and Suriname's Bitcoin adoption. Now, Andrew Howard, the chief business officer of Jan three, elaborated on the unique opportunities that smaller countries like Suriname have in embracing Bitcoin. How many of you have actually heard of Suriname before this? That's actually a great question. Let me know in that chat, as I have never even heard of the country until the story just came out. Probably not many. That's the interesting thing about Bitcoin adoption and policy. A country with 600,000 is much more open and receptive to speaking with Jan three about Bitcoin policy compared to a country with 330 million, for example, the United States. Now, Howard further drew parallels with El Salvador, the first country to embrace Bitcoin as the legal tender. He noted like El Salvador, Suriname will benefit from embracing the native currency of the Internet rather than driving out innovation and companies from their jurisdiction. Bitcoin can turn third world countries into first world countries preach. The local news report from Suriname provided additional insight into the potential impact of Bitcoin on the nation's economy. During the press conference held by Jan three execs, the company's CEO, Samson Mao, stressed the importance of working with the government to fully harness the benefits of Bitcoin. Now pointed out the numerous advantages that a decentralized digital currency can bring to the Surinamese economy and its entrepreneurs. Even the Surinamese TV station reported on Jan three's visit and the possible adoption of a national Bitcoin strategy. That's what's up. This was officially reported on their local news. So this is real talks. Just imagine them adopting Bitcoin as legal tender. Their neighbors of Brazil. Brazil has a massive population, probably as big or not larger than the United States. So you already know how massively bullish this is for Bitcoin adoption around the world. Now let's dive into our breaking story of today. Samson Mao expects the Bitcoin price to hit $1 million per coin. He says that can happen as soon as days or weeks after the approval a spot Bitcoin ETFs. So let's break this down along with his most latest tweets. As I mentioned earlier, he's making big moves, not only Bitcoin adoption in this other country. We mentioned here by the name of Suriname as he's orange pill in their presidents, but also he's making big moves. Colombia, let's go. Colombia has a population of over 50 million people. Suriname has a population of over 600,000 people and is also the neighboring country to Brazil, which has a massive population of over 200 million people. So let's freaking go. Which country do you feel will likely adopt Bitcoin next as the legal tender? Let me know in the live chat. He also recently tweeted, we will see a seismic shift to Bitcoin and sound money. The next five years will be incredible. Guatemala, 2023. Argentina, 2023. Bitcoin halving, scheduled to take place in April of next year. El Salvador, we've already adopted Bitcoin here as the legal tender. Panama, 2024. Mexico, 2024. Shut out Ricardo Salinas. Canada in 2025, but it could be 2023 or 2024. Peru, 2026. And Nicaragua, 2026. Fix the money. Fix the world. Preach. He also shared here, it has come to my attention, there are some Bitcoiners that don't think Bitcoin can reach a million dollars per coin in a matter of days or weeks after the ETF money starts to flow in. They are in for a pleasant surprise. And then you can see the comments are hilarious. You should change your name to Samson Moon now. You know what I mean? So, I mean, he has some other really good tweets here. Reminder, the ETF approvals will unlock a tidal wave of capital influx into Bitcoin. Pair that with the multiplier effect and you do get to $1 million per Bitcoin. Now, I also want to share a throwback. This was recently eight days ago he shared that tweet. And then he reminded us that he shared a tweet December 3rd of 2021, the previous bull cycle. Approval of a spot Bitcoin ETF would send Bitcoin to a million per coin over a few days. Gary Gensler and the SEC don't want to be the ones responsible for sending Bitcoin to the moon. Again, this was years ago he shared this and it holds true even to today. And he was responding to Tom Emmer's tweet, the Congressman who shared on December 3rd, Gary Gensler, I am still waiting on your response to our November 3rd letter asking you to make sense of why Bitcoin future ETFs are allowed to trade, but not Bitcoin spot ETFs. So this is nothing new. Gary has been playing this game with us now for years. He is the only man standing in the way preventing us from the spot Bitcoin ETF with currently 13 applications on his desk. So let's break down this million dollar price prediction from Samson Mao, shall we? Here you go. And let's start it right here. He wrote this just recently, November 24th on Twitter. If you think I'm crazy for a $1 million Bitcoin, please meet Hal. He's referring to Hal Finney, who is responsible for the very first Bitcoin transaction. And some believe him to be Satoshi, quoting Hal Finney here as an amusing thought experiment. Imagine that Bitcoin is successful. It becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of the total worldwide household wealth that I have found range from $100 trillion to $300 trillion. And with 20 million coins, that gives us each a value of about $10 million per Bitcoin. So the possibility of generating coins today with a few cents of computational power and time may be quite a good bet with the payoff of something like $100 million to one, even if the odds of Bitcoin succeeding to this degree are slim. Are they really 100 million to one against something to think about? So there you have it. Hal Finney was calling for a $10 million Bitcoin price before the inception of Bitcoin. How lit is that? Now, Mao stated that those who believe 1 million per Bitcoin is a crazy price should read what Hal Finney wrote and what I just shared with you out loud. Many firmly believe that it was Finney who had hidden behind the synonymous of Satoshi Nakamoto going under the radar since 2010, leaving his invention in the hands of the community. Then Finney passed away in 2014 from consequences of lateral cirrhosis, if I'm pronouncing that right. In the message cited by Mao, Finney assumes that if in the future Bitcoin becomes the dominant payment system in the world, the price of one coin can soar to $10 million per coin. And speaking of some math, here's a Bitcoin expert unveiling the math behind the Bitcoin price prediction. Let's break this one down for you. I believe this is right here. Further elaborating his prediction, Mao referenced Bitcoin's historical growth in 2017. It took nine months for Bitcoin to go from 1,000 to $20,000. The block subsidy was 12 and a half. There was a lot more Bitcoin sloshing around on the exchanges. Mining was boiling the oceans and there was zero institutional money. That's right. There was no institutional adoption or no hype from institutions back then. And Bitcoin went from 1,000 to 20,000, which is 20x. So next we go from 50,000 to 1 million. That's just another 20x. Nothing we haven't done before. And considering we've already hit 69,000 as the all time high, keep that in mind. Now, let me know your thoughts surrounding some of this math. And I'm going to actually break down our next segment right here, where Samson Mao says the SEC will approve all the Bitcoin ETFs, like all in one shot. He was recently interviewed and asked some good questions. I'm going to read some of the questions and answers for you here. Do you think Kennedy, referring to RFK Jr., has a chance to win the election? He said, I would say so. And as you know, he is a pro Bitcoin candidate. He says, independent candidates have never won, but I think Bobby's defection from the Democratic Party and the fact he has tapped into the zeitgeist, he has really captured the imagination of the people, the people that are frustrated with the two party system, where nothing seems to ever change. Let me know if you agree or disagree. And who will you be voting for for president in 2024? Let me know. Next question, do you think the public debate puts pressure on the SEC regarding the approval of the pending spot ETFs? He says, I think the SEC has already enough pressure from Congress and from BlackRock. One thing that people don't really understand is that it's not Larry Fink and BlackRock that want the ETF. It's their institutional clients that want it. Their customers are putting pressure on them to get it. And there, he makes a good point. Next question, the growing relevance of Bitcoin in the US is also demonstrated by the hash rate. Significant shares are in the hands of large publicly traded and therefore extensively regulated mining farms and mining pools. Could this be a risk? Well, I don't think it's ideal. It would be better if the hash rate was more decentralized. And note, yesterday I shared breaking news Jack Dorsey working on a decentralized Bitcoin miner. It would be better if the US only had a 20, 25% portion of the hash rate. Right now, they're getting 40%. Sometimes the US while it's governed by a stronger rule of law might represent a danger simply because they want compliance with the existing financial system. Now he asks, could this be a risk to Bitcoin's fungibility? I don't think so. He said, I think there is a censorship risk that they'll try to block transactions, but ultimately if they try to do that, they'll limit their own profitability because they'll need to go to a black list and check that before processing any transaction and other pools in other countries will have the advantage. Now, next up, he was asked, the goal of your company Jan three is to promote Bitcoin adoption at the state level. Do you see potential in Africa, especially on the mining side? Here's what he shared. There is potential in decentralizing the hash rate and getting more into Africa. But the challenge is Africa. There is just not that much power to begin with. So you might incentivize creation of new power generation sites like maybe small hydro dams, but it's never going to compete at the same scope as the mega infrastructure projects in the United States, the ones starting to emerge in Latin America and possibly other places. So Africa might end up building a significant chunk of the hash rate by creating new power sources. The challenges, their new power sources, they're not tapping into excess existing energy. So I guess there's lack of volcanoes out there, fam. Now when asked what is the most promising country in the future in terms of Bitcoin adoption? And here's what he shared. I think there are a few Panama. Let's go. He says it's interesting. They don't have a central bank so they can do something relatively quick. There is one candidate we have connections to, and if he wins the a massive population in Indonesia, fam, read one. Camille is the governor of West Java, and I think he'll be running for vice president. He understands Bitcoin. He understands the potential for mining to transform the country. So that's another big, interesting place for us to look at. And I think Argentina is also one because Javier Malay, I think there will be changes afoot large scale changes and we have to direct that change towards Bitcoin. I think he is going to dollarize, but we want him to dollarize and Bitcoin eyes. So there you have it. My crypto fam, which countries do you feel likely will adopt Bitcoin next as the legal tender? And do you feel realistically that Bitcoin has the potential to reach a million dollars per coin as soon as days or weeks after the approval of the spot Bitcoin ETF. And when those trillions start ushering in into the King crypto, please let me know. And don't forget to check out crypto news alerts.net for the full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode.
CoinDesk Podcast Network
A highlight from THE PROTOCOL: Token Allocations, Airdrops, and Data Availability
"This episode of The Protocol is sponsored by the Algorand Foundation. Dive deep into the blockchain realm with The Protocol podcast with Coindesk founding editor of The Protocol newsletter Brad Count and tech journalists Sam Kessler and Margo Nykerk. They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum one block at a time. Just a reminder, Coindesk is a news source and does not provide investment advice. Hello and welcome to The Protocol podcast. I'm Brad Count here with my co -host Margo Nykerk. Our co -host Sam Kessler for The Protocol podcast is still down covering the Sam Bateman free trial. I was just reading his story from last night. It sounds like they are but it is an amazing story and we're super psyched that Sam is down covering that. On the other hand, he'll be back here probably I was just talking Margo probably like a week or so. Yeah probably next week hopefully. Yeah wow okay huge story. Just a quick plug for The Protocol newsletter. Margo and I and Sam work pretty hard on this every week and it's really good. We are on coindesk .com. A lot of the stories that we're discussing today were in the issue of The Protocol newsletter that just came out. You can read more about it there if you subscribe and it's also on coindesk .com a web version of the newsletter but let's get right into it. Okay our first story today this was a story that that I covered Starknet. I mean Margo you're the expert on Starknet but you were out on Monday so I took this one. Starknet they announced that they are going to award 50 million of their STRK tokens. This is the Starknet foundation to what they're calling the early community member program. I mean this is pretty common kind of thing although often it's done when there's already a public token. In this case these tokens are locked from trading until next April. I mean Margo do you have any thoughts on why do these teams award these tokens? Who are they awarding them to? I guess my take on this is that this kind of move is done to sort of incentivize those early community members and those developers to sort of adhere to an ecosystem or thank them for their contribution to an ecosystem while also sort of like incentivizing them to sort of stay there but I want to sort of also know from your conversations with folks over at the foundation why the certain amount I saw that it was like five million tokens that are being awarded to those early members but also just generally speaking I'm we talk a lot about this like in our own conversations like how tokens are allocated to certain entities and this case 50 .1 percent of the token like the total supply of the token is being handed to the foundation so I'm sort of like curious what your take is on the token allocate like the different token allocations when it comes to this.
The Voicebot Podcast
A highlight from Generative AI News - OpenAI Chips, Adobe and Canva Bring Generative AI to Design, Spotify, Opera, Observe, ElevenLabs & More - Voicebot Podcast 356
"This is episode 356 of the Voicebot Podcast and the 36th edition of the Gender -Divided AI News Rundown. We have news today from OpenAI, Adobe, Opera, Spotify, Alipin Labs, and more. Hello, folks. Whether you are a long -time listener from Voicebot Nation or a long -time reader from Synthidia, I'm happy that you're here with us today. This is Brett Kinsella, your host of the Voicebot Podcast and ground zero for the innovator shaping the future of conversational AI, generative AI, and synthetic media. We have another interesting week for you in generative AI. The headlines were more subtle this week, but the impacts are broad. And I'm joined by my colleague from Voicebot .ai, Eric Swartz, as we break down the week's top stories. Before I do that, I appreciate your patience as I've just dropped five podcasts from the past month over the last couple of days. It's pretty busy over here, and this was a week to catch up. So sorry for those of you who've been waiting. I received a few notes asking where some of these were. The GAIN episodes, generative AI news rundowns, are always in YouTube, so you can always go to Voicebot's YouTube channel and see them. But I know some people like to listen to them here. I've been uploading them as a courtesy. I guess it was an unplanned experiment because I didn't upload them for a couple of weeks and people complained. So here, they're back. And if you prefer the interviews with industry leaders, I've got some really cool ones coming up in the next couple of weeks, so we'll be back with those as well. Also, if you are not subscribed to our twice -weekly LinkedIn newsletter on generative AI, I recommend you go to my profile and find that now and subscribe to it. At Voicebot and Synthetia, we can only cover so many stories in our publications, but we read many more. So that LinkedIn newsletter is headlines we bring out twice a week. It's links to stories, just headlines and links. You don't have to read anything. So you can just browse it, see what's interesting to you, and then you'll see what we're reading during the week. And maybe you can make a comment, add what you're reading as well. All good. It's really just a resource for you because we're already collecting the information we thought we would put it out there. It also typically includes an interesting data point and a research paper that we think is noteworthy. So if you just find me, Reckonsel on LinkedIn, in my profile, you can find the newsletter or you can go to bit .ly forward slash gain -newsletter. Gain -newsletter. That's it. Okay, now for today's show. Top stories include Adobe and Canva have both recently launched new generative AI features, which adoption suggest across marketing design functions may be getting faster for the technology. We also go into generative AI economics to charge or not to charge for that new expense that comes with offering generative AI features to your customers. Who's doing it? Who's not? Most of them are not. A few of them are. What are the similarities? That's what we go through. We also touch on chat, GPT's mobile app, download and revenue figures. And open AI may be hunting to buy a chip company to reduce its reliance on Nvidia. That's super interesting. Observe raised $50 million and expanded the features of its generative AI copilot, while Gradient and Luda both closed new funding rounds. And there's news from True Pick, 11 Labs, Opera, Hungry Root, Spotify, and Apple. We finish up with the generative AI winners and losers of the week. Next up, generative AI economics, marketing and design, new funding, new products, and of course, people are beginning to notice Apple's inaction. Let's get started.
Ethereum Daily
A highlight from Starknet Early Community Member Program
"Welcome to your Ethereum news roundup, here's your latest for Monday, October 30th, 2023. Starknite introduces an early community member program, Prisma plans to launch its token on November 2nd, elections conclude for the Arbitrum Security Council, and Enzyme Finance releases support for Aave V3. All this and more starts right now. Starknite introduced the Starknite Early Community Member Program, a grant initiative designed to distribute 50 million Stark tokens to its early contributors. The program, which runs until November 23rd, welcomes both technical and non -technical applicants. U .S. individuals are not eligible for the program. Eligible contributions include technical discourse, ecosystem project contributors, event organizers, and individuals creating Starknite -branded content. The selection process will consider factors such as impact, significance, effort, and originality. Starknite is a permissionless, zk -stark -based layer -2 network developed by Starkware. Prisma Finance, an LST -backed stablecoin protocol, is set to launch its Prisma token on November 2nd. By locking Prisma tokens, users can obtain Vote Escrowed Prisma, which grants governance voting rights. Vote Escrowed Prisma token holders can vote on various protocol parameters, including collateral inclusion, fee structures, incentives, and token emissions. Users receive more voting power for longer locked durations. Holding Prisma tokens by itself does not grant any governance power. Prisma Finance encourages community members to engage, discuss, and initiate governance proposals at gov .prisma -finance .com. Prisma Finance is based on the Liquidity Protocol codebase. Elections for the rotation of six members of the 12 -member Arbitrum Security Council have concluded. The new members are Patrick McCrory of the Arbitrum Foundation, Zero X Hombre of Plutistel, John Morrow of Guantlet, Omer of Chase Labs, Harry Cullender of Offchain Labs, and Matt Fieback of BlockWorks. The Security Council is tasked with making expedited protocol upgrades during emergency situations. The Security Council is tasked with making expedited protocol upgrades during emergency situations. Upgrades executed by the Security Council do not need approval from the Arbitrum DAO but are subject to a short delay period. The Council can also make non -emergency upgrades. Members are rotated every six months. And lastly, asset management protocol Enzyme Finance released support for AveV3. Enzyme Finance users can now provide liquidity and borrow assets against their collateral on the AveV3 Ethereum mainnet and polygon markets. Users can also access High Efficiency Mode for correlated assets. Enzyme Finance serves as a DeFi aggregator that allows users to create custom vaults. In other news, SAFE releases the results of its first grand swave, Unlock Protocol is now live on Linea mainnet, and PoApp releases a refreshed version of PoApp Scan. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Starknet Early Community Member Program
"Welcome to your Ethereum news roundup, here's your latest for Monday, October 30th, 2023. Starknite introduces an early community member program, Prisma plans to launch its token on November 2nd, elections conclude for the Arbitrum Security Council, and Enzyme Finance releases support for Aave V3. All this and more starts right now. Starknite introduced the Starknite Early Community Member Program, a grant initiative designed to distribute 50 million Stark tokens to its early contributors. The program, which runs until November 23rd, welcomes both technical and non -technical applicants. U .S. individuals are not eligible for the program. Eligible contributions include technical discourse, ecosystem project contributors, event organizers, and individuals creating Starknite -branded content. The selection process will consider factors such as impact, significance, effort, and originality. Starknite is a permissionless, zk -stark -based layer -2 network developed by Starkware. Prisma Finance, an LST -backed stablecoin protocol, is set to launch its Prisma token on November 2nd. By locking Prisma tokens, users can obtain Vote Escrowed Prisma, which grants governance voting rights. Vote Escrowed Prisma token holders can vote on various protocol parameters, including collateral inclusion, fee structures, incentives, and token emissions. Users receive more voting power for longer locked durations. Holding Prisma tokens by itself does not grant any governance power. Prisma Finance encourages community members to engage, discuss, and initiate governance proposals at gov .prisma -finance .com. Prisma Finance is based on the Liquidity Protocol codebase. Elections for the rotation of six members of the 12 -member Arbitrum Security Council have concluded. The new members are Patrick McCrory of the Arbitrum Foundation, Zero X Hombre of Plutistel, John Morrow of Guantlet, Omer of Chase Labs, Harry Cullender of Offchain Labs, and Matt Fieback of BlockWorks. The Security Council is tasked with making expedited protocol upgrades during emergency situations. The Security Council is tasked with making expedited protocol upgrades during emergency situations. Upgrades executed by the Security Council do not need approval from the Arbitrum DAO but are subject to a short delay period. The Council can also make non -emergency upgrades. Members are rotated every six months. And lastly, asset management protocol Enzyme Finance released support for AveV3. Enzyme Finance users can now provide liquidity and borrow assets against their collateral on the AveV3 Ethereum mainnet and polygon markets. Users can also access High Efficiency Mode for correlated assets. Enzyme Finance serves as a DeFi aggregator that allows users to create custom vaults. In other news, SAFE releases the results of its first grand swave, Unlock Protocol is now live on Linea mainnet, and PoApp releases a refreshed version of PoApp Scan. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Art Beauty
A highlight from Biohacking Baldness: Latest Innovations in Hair Restoration
"This is the Art Beauty podcast, where we are always reaching for truth and beauty. Remember the brands and the people on the show are not paying to be here, so we get to ask them the questions we know you want answered, because you deserve to be informed so you can make the best choices for yourself. With that said, I'm Amber, and today my fabulous cohost is Dr. Alan Bauman. He is the CEO and founder of Bauman Medical, and he is one of the world's leading experts when it comes to hair restoration surgery. We are so honored to have you on here today. How's it going, Dr. Bauman? It's going great. Thank you so much for having me on. It's great to be here with you. I know you're in sunny Boca Raton. I got to tell you, here in New York, I feel like it's been raining. Normally, September is my favorite month, but it has just been raining nonstop. That's what I've heard. It makes me want to pull my hair out, except we know that you don't want to do that. No, please don't pull your hair out. That would not be good. We are here today talking about hair loss, hair restoration. This is something that I think has become more in the conversation. There's many more options out there, including things at home, all the way up to surgery, different supplements. I'd like to touch on some of that today, but offhand, do you happen to know any statistics on hair loss in women and men? How many people are actually dealing with that? Yeah. The American Academy of Hair Restoration Surgery has really taken a look at this, and they know that about 80 million Americans are dealing with hair loss and suffering from it. About 50 million men and 30 million women, but I think that those numbers undercount the amount of people who are really struggling with everything from hair shedding to scalp health issues and other things related to hair. Especially here we are, I would say, post -pandemic. With every single news cycle, we see some new kind of medication or thing that's causing hair loss. I really have seen it over the past 25 years in practice. I've seen a huge increase in the amount of people who are coming to us, complaining of hair loss and hair symptoms and scalp symptoms, but also so many new triggers that are... It just seems like everything is working against our hair sometimes. It's funny, we talk a lot on this podcast about... We've talked with nutritionists, other doctors and dermatologists, and even though everybody listening... To us, our hair is incredibly important. Really, when it comes down to biology, our body doesn't think it's that. If your body is fighting for nutrients, if it's trying to fix your internal organ... The hair and the nails and sometimes the skin are the last things that our body is going to pay attention to. Yeah, that's so true. Evolutionarily, it's probably hardwired into our psyche that when someone has a good, healthy head of hair, that that's a sign of youth and vitality and fertility and all of those good things. That's one of the reasons why hair, I think, is so valuable as well as it being a way of self -expression, whether it's a buzz cut or a mohawk or dreadlocks, all of those different ways that you change your hair over time to express yourself or ourselves makes a big difference. But when you start losing it, wow, yeah, it can cause a lot of distress, for sure. I have a good girlfriend who was actually on the show who, at a very young age, was having thyroid issues and lost a significant amount of hair. And as a woman and as a young woman and as a beautiful young woman, I think that that was, I watched her and it was crushing.
Thinking Crypto News & Interviews
A highlight from Matt Hougan Interview - BlackRock Bitcoin Spot ETF Approval Fake Out, Bitwise's BTC ETF Application, Relisting XRP, Paypal Stablecoin
"And so what we're doing every day with a 20 -plus person sales team is having meetings with these advisors, talking to them about what Bitcoin is, talking to them about where it fits in a portfolio and sort of laying the groundwork for when that ETF launches for them to adopt it readily. We're seeing real traction. There are a lot of advisors who want to allocate ahead of the Bitcoin ETF. This content is brought to you by Uphold, which is a great crypto exchange that I've been using for years. In fact, I've been using them since 2018. They have 10 -plus million users, 250 -plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and 37 fiat currencies on this platform, and you can instantly swap between crypto and precious metals in these fiat currencies. So Uphold is a unique platform. If you'd like to learn more about Uphold, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Matt Hogan, who's the chief investment officer at Bitwise Asset Management. Matt, it's great to have you back on. Thanks for having me. I love being here. Matt, yesterday, Monday, we're recording this on a Tuesday, but yesterday was a wild day with rumors and fake news of a Bitcoin spot ETF approval. What were your thoughts on that? I saw you tweeted out that you liken this to the Emulux stock fraud in 2000. That's right. Yeah. Actually, my very first job out of college, I was working at a high -tech mutual fund, and one of the stocks we owned was Emulux, and a disgruntled employee of a wire business put out a fake press release, and the stock fell dramatically. I think it fell like 60 percent, and I had flashbacks to that this morning. Of course, it went the other way, right? Bitcoin, this thing that I love, this thing that I'm focused on, popped on the news. But any time you get this sort of fake news scenario, it's bad. It speaks poor things about the market. I don't think this colored the crypto media in any sort of glory, and I'm glad that it's behind us. It was a crazy morning, not what I needed to wake up to on Monday morning before I even had some coffee. So I do think it's a teaser of where we're going, though. One thing you did see was news of a spot Bitcoin ETF approval lifted the markets. And I think that's a reflection that the market hasn't fully accepted yet that we're on path to get a spot Bitcoin ETF, which of course, there are no guarantees, but I do think we're on that path. I do think it will be positive for the market, both in the short and long term. And so we got a little taste of that, but I still wish it hadn't happened, Tony. For sure. Yeah, it was a big time fake out. And, you know, I know the market is kind of clamoring, you know, people wanting to get this ETF and, you know, following the SEC not choosing to appeal the grayscale ruling. Everybody's almost on edge, just waiting. But we can't have the fake news. It's just, you know, it just muddies the whole thing. Mm hmm. What were your thoughts on what Larry Fink had to say yesterday? He kind of went to do a bit of maybe damage control. He went on Fox Business talking about the ETF, talking about crypto as a whole and saying that crypto may be a flight to quality. What were your thoughts on that? Yeah, absolutely amazing. I'm going to repeat those words four thousand times between now and the end of the year. If you thought if you had Larry Fink calling Bitcoin a flight to quality asset on your bingo card at the start of the year, you are a better forecaster than I am. It shows you how completely BlackRock has changed its position on Bitcoin. And I think it's honestly reflective of a change underlying the market in the attitudes of traditional finance to this asset class. It is really flipped over the last six months. Sort of BlackRock may have been the catalyst, but it's no longer just BlackRock. We're hearing similar words out of other major asset managers, whether that's Fidelity or Franklin Templeton or Wisdom Tree or others. We're seeing similar actions out of firms like UBS expanding efforts, tokenized assets on Ethereum. I think we really are in this transition to mainstreaming of the market and the world's largest asset manager calling Bitcoin a quality asset, a place people move to when they're worried about the state of the market is an absolute game changer. It makes me really excited for the year to come. I think we're in a multiyear bull market and this was just another clarion call that that is true. Now, with that said, we are still facing some headwinds as it relates to the SEC. Just recently, Cathie Wood said Gary Gensler is the one blocking the Bitcoin spot ETF. The SEC also, as mentioned, chose not to appeal the court ruling in the grayscale situation. And the court said the SEC was arbitrary and capricious. So, you know, what do you think is going to happen? Is the SEC in a position where they're getting caught flat footed? There's a lot of media attention and everybody's waiting for this approval. What is your thoughts to say, you know, as far as approval and what the SEC might do next? Yeah, you know, I'm going to take a very unusual position in the crypto industry, which is if you look at the facts, we've had multiple commissions reviewing spot Bitcoin ETFs and crypto ETFs, and it's never been approved. Under this commission, we got Bitcoin futures ETFs, we got Ethereum futures ETFs, we got crypto equity ETFs. I think that point, that fact pattern puts us on a glide path to a spot Bitcoin ETF. So even though this SEC has been much slower than we want and even though I think they should have approved a spot Bitcoin ETF years ago, I think we have to give them credit for opening the door to ETFs in crypto land. And I feel a high degree of confidence that it's going to open wider. We are going to get a spot Bitcoin ETF. Of course, there's no guarantee, but I think the SEC is moving in that direction. I bet they're feeling some pressure to do so. And I think the facts on the ground suggest that they should, in fact, push this forward. So I'm very optimistic. I want to give them more credit than the rest of the crypto industry, even if they're not moving as fast as I want. They have moved substantially on the ETF front. Sure. And Matt, what do you think about this theory? It's something I've been talking about lately. I could be a completely off base here, but I almost feel like the approval, I kind of want it to be under quantitative easing versus quantitative tightening when there's more liquidity in the market, when people are not worried about inflation and conflict around the world and they're more focused on, okay, the economy's in a better spot. I think I want to invest now. Do you agree with that? Yeah, I think if you're thinking about the short term impact, then the timing of it matters, right? We saw, for instance, the Bitcoin futures ETFs launched the height of the 2021 market and really accelerated the price upward, attracted a lot of assets. By comparison, the Ethereum futures ETFs, which just launched, met a very quiet reception. And I think that has to do with the market attitude. So from that short term perspective, it would be better in a positive market with more excitement if we get it at the early part of next year, I think we'll be in a good time in the market, but longterm, it doesn't matter longterm from my perspective, it's completely transformative to the asset class. And if we look back three years, five years, 10 years from now, it'll be this step function up. But I think you're absolutely right. The scale of the short term impact will depend on the market climate. Now, bitwise, any updates on your application? I know there was a lot of applicants making updates to their filing. Did you guys have to do anything like that or are you still just moving along with the application waiting for the SEC? Yeah, completely fair question. Unfortunately, the lawyer perched on my shoulder says, I can't comment on our specific application, but on the broader space. But we have seen other companies update their filings. I would read that as progress if I was an outside observer of the market. That is a sign of forward momentum that aligns with the forward momentum we're seeing in other ETF avenues. Now, in addition to your filing, are there other things that bitwise is working on in preparation for the Bitcoin having next year, whether it be accumulating more Bitcoin or another ETF product or anything else? Yeah, absolutely. First and foremost, it's massive education. So the thing to think about with the Bitcoin ETF, why it matters is it unlocks this other segment of the market that is essentially has no allocation to crypto, which is the financial advisor marketplace. Now, this is an important market. It's at least twice and maybe four times as big as self -directed retail investors. So the people who own crypto now are mostly self -directed retail investors. The financial advisor marketplace controls between two and four X as many assets. And so what we're doing every day with a 20 plus person sales teams is having meetings with these advisors, talking to them about what Bitcoin is, talking to them about where it fits in a portfolio and sort of laying the groundwork for when that ETF launches for them to adopt it readily. We're seeing real traction. There are a lot of advisors who want to allocate ahead of the Bitcoin ETF. And of course, we have products that do that. We have index funds, we have estimates, we have equity ETFs, and we're seeing a lot of people who want to get in ahead of the wave. But more than anything, we wake up every day and just talk to these people, these next buyers of crypto about what this is. And we do it relentlessly and we'll keep doing it right through the launch. Yeah, I was recently talking to investor Raoul Pal and I was sharing a story that I have a financial advisor and for years I've been talking about crypto and he knows I'm allocated and he's but they can't touch it. They can't do anything. They can't make money off of it. But now that the news of Bitwise and BlackRock and all these folks, they're like, OK, talk to me more about crypto. It's all their antennas are up now because they know something's around the corner. That's exactly right. And once that happens, once you have BlackRock and Bitwise and Spot ETFs, they can't tell you, I can't touch it. Right. And as you know, 50 million Americans own crypto directly. They want their advisors to understand this space. They, you know, advisors want to be seen as being on their side. And I think the change you're seeing with your advisor is happening to millions of Americans right now. And to me, that's enormously positive for this space. That's how we get to the next level. It's how we return to new all time highs. And I think it's tremendously positive. Now, in the crypto industry and market, we're seeing a lot of TradFi players coming in outside of Bitcoin and Spot ETF filings. For example, PayPal launch a stablecoin. What are your thoughts on the stablecoin market and these different big players like PayPal, maybe Amazon's around the corner? Who knows to launch a stablecoin? What do you think about these things? I think the market is dramatically underrated how significant that PayPal launch is. And here's why. You have to remember stablecoins are politically controversial. They still exist in a regulatory gray zone. You could even call them like the third rail crypto, right? Because people are worried about them pretending to be money market funds. How are they structured? Who can operate with them, et cetera? The fact that PayPal, the largest fintech in the world, thought it was important enough to establish a position here, that they were willing to touch that third rail, tells you that they see a huge future of stablecoins in the payment space. The fact that they built a product on Ethereum tells you the direction the market is going towards public blockchains. PayPal or stablecoins are one hundred billion dollar market. I think they could be a trillion dollar market overnight if they start to penetrate the payment space. And I think, you know, I think the market didn't fully read what a big statement this was from PayPal. If you've gone, I'll point out another thing. We use we use stablecoins today mostly between trades and crypto exchanges, but go to the PayPal website. Look what they say in like size one hundred font. They say built for payments, right? This is about real world uses. This is not about crypto traders parking cash. This is about disrupting the current payments model. And that's another example of this mainstreaming of crypto that is the defining feature of this bull market. I think it's a really big deal. Yeah. One of the things I was talking to some family members and people I know who are still skeptics of crypto and don't understand the technology. You know, I pose a question to them. PayPal, you currently use PayPal. They send money, you could send money to different people across the world. Why do you think they created stablecoin? I just left it at that. And then the light bulb went off for many of them to understand instant settlement and transaction speeds and much more. And I think as these large players start adopting the technology and building with it, I think it's going to click for a lot of people because they have an affinity to the brand or the company. It just breaks down the barrier of we don't know who uses this stuff. Oh, PayPal uses it. That is right. Yes, exactly. And it's these companies that see a step ahead that push people to the next level. PayPal innovated on payments. They did a fantastic job, but they see where the puck is going. We're not at the end of payment improvements. Stablecoins are the next step. And they were willing to to go there. I think it's a great proof point. And these these proof points are just stacking up right. The largest asset manager calling it a quality asset, PayPal launching a stablecoin. It's it's at some point it becomes overwhelming, even to your skeptic friends. For sure. Now you're based in California recently, Gavin Newsom, Governor Gavin Newsom passed a crypto regulation bill, not perfect, but certainly put some guardrails in place to help protect consumers as well as foster innovation. I don't know if you got a chance to get a gist of what that was about, but any thoughts on California and as well as states kind of leading the federal government right now and regulations? Yeah, I think when you have a vacuum at the federal level on sensible regulation, the states will fill in. Right. We saw that with New York, with the bit license, and we're seeing it in California. The goal as an industry is to hope for balanced regulations. I haven't done a full deep dive into the California bill, but it looks like it at least has some elements of balance to it. They're not going to be perfect, but I think we're going to move along.
Coronavirus
Arbitrum STIP Round 1 Results
"Welcome to your Ethereum news roundup, here's your latest for Friday, October 13th, 2023. Voting concludes for the Arbitrum Short Term Incentives program, Omni Network integrates Vienna, and Clave introduces Polygon Improvement Proposal 27. All this and more starts right now. The Give ETH Quadratic funding round is now live, if you'd like to support this podcast please consider donating by visiting ethdaily .io forward slash give. Voting for the Arbitrum Short Term Incentives program has concluded with the 29 top voted projects securing a portion of 50 million ARB tokens, 57 of a total of 97 proposals met the 71 .5 million ARB token quorum, however the funds were exhausted after the 29th top voted project. The top 10 delegates held 55 % of the voting power. GMX, ranking 4th in the voting, will obtain the largest requested allocation of 12 million ARB tokens, making up 24 % of the program's supply. Camelot led in first place by total number of votes with over 200 million votes. Proposals receiving incentive funds include Jonestal, Dopex, Galaxy, Socket, Pendle, Frax, Telly, Trader Joe, and Balancer. Omni Network integrated Vienna, an OP stack chain co -deployed by Caldera and Espresso Systems. Positioned as a Layer 1 blockchain and claimed to be backed by restaked ETH, Omni Network enables developers to build cross -rollup applications without introducing additional complexity. Omni Network is connected with various Ethereum rollups including Arbitrum, Linea, Scroll, and Optimism. Vienna is integrated with the Espresso Sequencer, offering access to decentralized sequencing power. Omni Network and Caldera aim to address liquidity fragmentation issues while ensuring secure rollup interoperability. And lastly, Clave, a smart wallet provider, introduced Polygon Improvement Proposal 27, a proposal derived from EIP 7212, which seeks the addition of a new precompiled contract in the Ethereum virtual machine. The proposal aims to enable signature verifications on the SEP -256R1 elliptic curve with designated parameters. The curve is widely used in Web2 authentication and supported by hardware security modules. Polygon Improvement Proposal 27 aims to allow developers to create secure and cost -efficient smart wallets. In other news, Sigma Prime releases a web UI for its Client Diversity Chart. The SEC does not appeal Grayscale's Bitcoin ETF, and JP Morgan mentions ENS in a report. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Ethereum Daily
Arbitrum STIP Round 1 Results
"Welcome to your Ethereum news roundup, here's your latest for Friday, October 13th, 2023. Voting concludes for the Arbitrum Short Term Incentives program, Omni Network integrates Vienna, and Clave introduces Polygon Improvement Proposal 27. All this and more starts right now. The Give ETH Quadratic funding round is now live, if you'd like to support this podcast please consider donating by visiting ethdaily .io forward slash give. Voting for the Arbitrum Short Term Incentives program has concluded with the 29 top voted projects securing a portion of 50 million ARB tokens, 57 of a total of 97 proposals met the 71 .5 million ARB token quorum, however the funds were exhausted after the 29th top voted project. The top 10 delegates held 55 % of the voting power. GMX, ranking 4th in the voting, will obtain the largest requested allocation of 12 million ARB tokens, making up 24 % of the program's supply. Camelot led in first place by total number of votes with over 200 million votes. Proposals receiving incentive funds include Jonestal, Dopex, Galaxy, Socket, Pendle, Frax, Telly, Trader Joe, and Balancer. Omni Network integrated Vienna, an OP stack chain co -deployed by Caldera and Espresso Systems. Positioned as a Layer 1 blockchain and claimed to be backed by restaked ETH, Omni Network enables developers to build cross -rollup applications without introducing additional complexity. Omni Network is connected with various Ethereum rollups including Arbitrum, Linea, Scroll, and Optimism. Vienna is integrated with the Espresso Sequencer, offering access to decentralized sequencing power. Omni Network and Caldera aim to address liquidity fragmentation issues while ensuring secure rollup interoperability. And lastly, Clave, a smart wallet provider, introduced Polygon Improvement Proposal 27, a proposal derived from EIP 7212, which seeks the addition of a new precompiled contract in the Ethereum virtual machine. The proposal aims to enable signature verifications on the SEP -256R1 elliptic curve with designated parameters. The curve is widely used in Web2 authentication and supported by hardware security modules. Polygon Improvement Proposal 27 aims to allow developers to create secure and cost -efficient smart wallets. In other news, Sigma Prime releases a web UI for its Client Diversity Chart. The SEC does not appeal Grayscale's Bitcoin ETF, and JP Morgan mentions ENS in a report. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Bankless
A highlight from ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions
"David look at her surrounded by all these reporters. Yeah, easy. That's intense. That's a circus very intense. So Caroline Ellison is like the only person closer to Sam Bankman freed than Gary Wang Like not only was she in charge of Alameda, but like Sam Bankman freed and her were dating they were sleeping together in 2019 They were dating in 2021 then they broke up, but they were still together Yeah, and so like, you know, very incestuous business dating sleeping together relationship Also in the Bahamas like well the business relationship They're not related though, let's just clear that they're not related. Yes. There's many other things like a lot of convoluted They're not related Bankless nation. Happy Friday morning. It is the second Friday of October or should I say flat tober David? It's looking pretty flat out there in the markets. It's down. No, it's I haven't looked at the markets. You just put them in the prices in but we'll get to that What else we got on the week topics of the week the SPF trial of FTX? Continues on to week two Friday of last week before we were able to cover it Gary Wang the CTO of FTX Testified this week Caroline Ellison testified for two days straight There's a lot of juicy stuff to unpack there who days two days two days hours of testimony One day was like eight hours straight so she just kind of dumped it all about Alameda on the table Little did I know that Thai prostitutes would be involved with this story. Did you hear about this? No, okay, like oh you haven't heard about this at all. Oh, you're about to know it's fresh. No Thai prostitutes have entered the FTX arena entered the chat entered the chat the arena He's funny you say that they used to have an arena didn't they? We also have Sam Altman He is talking about crypto on Joe Rogan show. What did he say? What was it? Good. Was it bad? Did he mention world coin at all? We'll get to that too. David. What else we got Why do Americans own crypto the Fed the Fed did a survey result? So we'll talk about that. Also the vampire attack on Lido I got some takes that's at the very very end and then apparently Ryan we're giving our price predictions for ETH Why are we doing this? You didn't know that? I did not sign up. You better be thinking of a number Okay, because we're getting to it But before we get in we've got a message from our friends and sponsors over at a 16 Z You know a 16 C crypto VC firm. Well, they they're telling you they want you to go back to school That is crypto startup school. What are we looking at here? David a 16 Z crypto startup school It is that time of the season where you can apply to join and get accepted by the crypto start -up school It's a 12 -week accelerator program to make you into a crypto founder. So cue the the Mulan music We're gonna make a founder out of you That's what a 16 C is gonna do You're gonna work with some of the best and brightest mentors in the crypto space including some of the a 16 C Partners and sometimes just like external founders come in and just get involved the a 16 Z startup school 12 -week program March 27th through June 11th in London in the UK. So you you will be there. This is on -site. This is on campus And yeah is great you get to work with some fellow founders work with some great mentors You need to apply October 20th That is in eight days from recording seven days if you're listening to this on Friday, which you should be So applications are open. Make sure you catch that deadline. I've got some videos from Chris Dixon there He's gonna be providing some mentorship also Jin Jin Wang from optimism some fantastic people there So yeah, go check it out become a founder David. All right, you ready for it? You said it wasn't flat tober It's not up tober is it over does that mean it's the other direction? What's the other? Yeah, the other is the bad directions the down direction. Yeah What's big kind of accelerating to the downside a little bit started the week at 27 ,900 down four and a half percent We were asking for bigger moves last week. We kind of got them 26 ,600 is where we are this week 700. Excuse me. Okay, I guess it's better than flat We wanted I don't know. I don't know if this is what I've wanted Let's give me some charts too so I can decide what I'm looking at started the week at 1630 down 5 .5 % to 1540 1540. I didn't want that. No, I didn't I mean feels good. I bought this week Did you yeah? Yeah, that's the upside actually. It's like what a fantastic buying opportunity I've got to take about that at the end and of course, we're gonna get to price predictions, but I guess it's not off October, huh? We got we got we got um, we got half the month yet to redeem ourselves, right? Yeah. It's only the 12th Right. It's only the 12th. Yeah. Well, it was tomorrow's Friday the 13th. Congrats to all the bankless listeners Who are listening to some Friday the 13th? Everyone brace yourselves. Should we do something spooky David? Eat. Oh, dude Halloween's coming up. We're gonna have to get our costumes Anymore I'm not doing it. Are you doing? The listeners love it. We got it. Do they we got I think you and I like it Last year for a bankless listeners who are new who the the five new bankless listeners that have come in the last year Up as a crypto dick, but yeah, oh dude, I'll be SPF and you'd be Caroline. Oh My god, I know what I signed up for. I already kind of have my well I haven't got my costume, but I've got my idea Really? Yeah, I've got my idea. But is this the thing where you're not gonna tell me We haven't we haven't impressed we have not told each other this has been the deal we reveal I know okay Do we do the refill at cameras off until we hit record? All right. I'm just saying this year one. I was my crypto punk now now behind me year two I was my crypto dick, but you're three if you continue the trend, it'll be an NFT perhaps perhaps Perhaps an NFT one of your NFTs my NFTs. Yeah, I think that's my rule of thumb It's like I'm gonna scan your wallet It's for some bankless listener go find date go track down David's wallet and and let's see if we can predict It's David Hoffman, Dottie Super secret location Alright, how about the ETH Bitcoin ratio? That's it's bad. It's bad point. It's bad. I've seven seven. Yeah Yeah, I was gonna ask you to give it to me straight and you just did huh? So we're down one point five percent on the week one point five percent of the week Total crypto market cap one point zero eight trillion dollars So it's not great. Come on. Yeah, we can thanks to crackin for those charts We appreciate the charts at least make them look better. Make them go You can make it look pretty but can you make them go up? Hey crackin? Can you help us with that? All right. What are we looking at? Here we go CPI that is the consumer price index inflation Reports came in for September and guess what David and it's not dead yet No inflation is still here. There's actually a little higher than most analysts expected So it's up point four percent in the month of September. So it was not flat timber It was up timber a little bit for inflation And if you if you extrapolate that yeah, I'm working the months in the show David four point eight percent annualized That's what inflation would be starting to feel like five percent. Actually, that's annualized That's if you take, you know, one point four percent multiply that by twelve months, right? But if you look at historic data We are at three point seven percent. Okay annual so no, it's not dead. You see this bump That's a bump up. Yep. It's bumped up a little bit. Okay You know, what's interesting is you and I just did a recording with Lynn Alton So we talked about so it was fantastic guys. That episode is coming out soon. Actually, I still have her book right here broken money David Anyway the contents of that book is in the episode and it's absolutely fantastic But one of her takes was what if inflation just becomes like background noise? For us, you know high background noise Well, I mean inflation is always background noise But but what you're what you mean to say is like it's the volume is increasing still background but higher I'm what I'm saying is like what if we don't go back to the 90s? What if we don't go back to the 2000s, right? What if what if now it's just a sustained like four five six seven percent spikes up maybe tiny spikes Sounds like what if it's in the background and you know Lynn's comment was that's how a lot of countries live right now I'm talking about kind of in Western developed nations right in Europe What if what if this is the new normal in Canada in Australia? What if this is the new normal in the u .s? What if this is the new normal she she mentioned she was just in Egypt 30 % annual inflation Okay, and people just live like that. And so what do you do when you're in a high inflation type of environment? Well, you tend to spend more you you might want to you might be willing to take out more cheap debt if you can find It in fiat that's nominated in fiat. You might want to hold your money in other things You know real estate in a lot of emerging countries that don't have strong capital markets like the u .s Stocks you for know, Western developed countries like the u .s. Maybe crypto Maybe you start to think a bit more short -term about your spending habits as well This is very interesting. If this is what the next decade holds for us is kind of sustained high inflation rates What do you think about this? I was talking to Mariano Conte who lives in Argentina who bought a car maybe a few years ago and he got a 20 % interest loan in Argentine peso, so he's paying 20 % interest terrible loan for for a car loan for a one -year car loan shark It's yeah, it's terrible His first pain but Mariano Conte like lives on dollars like most people who do in lieu who live in Argentina So his first his first loan payment that he had to pay to pay back The loan was most people who can I would say in Argentina live on dollars. Yes Dollars are like most everyone in Argentina. Almost everyone has a person that exchange dollars with so it's not just really Oh, yeah. No, it's the dollarization of Argentina is like very well permeated. It's not like an elite, but it's all great Martin, right? It's it's all like it's all great market and it's like so totally social culturally accepted, right? Everyone has like the guy that comes and swaps currency your dollar guy. Yeah your dollar guy. Yeah, it's not like it It's not like an elite only thing. It's just like everyone. Anyways, his first car loan payment was $1 ,200 so he converted $1 ,200 into pesos to pay his car loan and his most recent car loan Payment he told me was five hundred and eighty dollars because it only took five hundred and eighty dollars To acquire the same amount of peso that he would need to pay back his car loan inside So like when he takes like a 20 % peso 20 % interest rate loan on a one -year loan, which is a dumb loan It actually works out because it's inflating so goddamn much. It doesn't matter Do you know an elder millennial flex? It's just be like, yeah, I got a mortgage at 3 % Yeah, like that's a huge like that what a gift that was I can't get that nowadays and you know You're you're basically making money on that because inflation is higher than your interest payments So the Fed has an idea on why people are buying crypto and it's not necessarily inflation So apparently David every couple years the Fed puts out a survey on why people buy crypto they map Must be interested. I don't know. I don't know if they're worried or just Generally interested at least since 2019 First guess what percentage of Americans the Fed says owns crypto. What do you think? Well coin base said 50 million and there's like over 300 million Citizens so like yes, like what was that number like 20 % quick math 20 % percent one five kind of thing Yeah, the Fed reports less than that. Okay, so this is a survey of about 400 Americans and they say eight point one percent in their survey of Americans that own crypto Which is which is not nothing. It's not coin base numbers, but interestingly enough. This was up from one point nine percent Oh 2019 2019 one point nine percent now eight point one percent That number it's a great. It's a great like that's a great multiple, right? Little 4x for us and I think these numbers are actually 2022 numbers So, you know, although no one's really buying 20 20 Probably salad But one of the questions they asked in this survey is why do you guys why are you guys buying crypto? Why do you own crypto? All right, you want to know the number one reason why 67 % of Americans own crypto David? You want to guess what that is number go up? Yeah, it's number go up as an investment as an investment was number one with 67 % number two was curiosity about the tech was 21. I'm in it for the tech Those are the ones that are down on their bags They're dissident for the tech and then other interestingly enough was 10 % You know, what got no mentions was remittances payments for goods and services So no one using this as a payment in their in their study or number the last one most Dishardingly almost at zero because they don't trust banks. Well, duh, you don't as an American That's by crypto for remittances Well, okay, I guess if you're an American citizen and you are sending crypto abroad Then I guess I guess you are if you're like a if you have family abroad if you've recently immigrated that sort of thing You know, you know, maybe maybe you're probably doing like stable coins, I would expect yeah, but the big use case of Percent is investment is never to go up. So Anything surprising there for you David? No that that checks out. Well, I know you're in it for the tech man. So I'm in it for the means I Here's a number that's all I got at this point in the market Christ. Ooh, okay. Here's a number that is straight down It looks scary. Is this a good chart or a bad chart? We're looking at this. Oh the validator queue Okay, so this is okay now we're talking about crypto Okay, this is aetherium proof of sake validator queue, okay, so quick rock through memory lane We enabled withdrawals the supply of ether and the beacon chain went down because people withdraw and then the rate of inflows into the beacon chain like Accelerated bigly like 3x in chain. It's just people who want to state their state the proof of sake Yeah, there was like a 45 day wait queue to get into The beacon chain to stake their ETH a while ago We have finally approached an equilibrium that acceleration of people Depositing into proof of stake has finally started to come down and so it's currently less than 24 hours to deposit your ETH into the beacon chain staking contract and get your ether staking and so this is this is we this inevitably was going to This was never going to be up only of course, like, you know, not all ether is going to stake And so we are have found the equilibrium that equilibrium is around 27 .3 million staked ether that's 22 .7 % which is about the 20 to 30 percent range that we predicted So about three point five percent APR is about what the market wants And if that goes down then people won't want it anymore and that this is the equilibrium that we have finally arrived at cool It is cool a bullish bearish. I don't know straight neutral as a staker I was um, you know wanting to keep that number above three percent, right? Certainly, right? So I didn't want the queue to stay full and the demand to be kind of perpetual Yes, and so as a state you are not to see that number good. You are not alone Everyone else should unstake please I think it one reason what you know, why was it? Why did it get so high because 45 days is pretty high, right? All these people want to get in the in the beacon chain club and stake their ETH I think it was really because once withdrawals went through post Shanghai people just saw like lower risk I mean, maybe I'm extrapolating but that was true for me. I was like, okay. It was so obvious I was arguing with Bitcoin maxis around like as soon as withdrawals are enabled a theorem is gonna collapse because everyone's gonna unstake I'm like, you're an idiot. That's not how you do. Why do that to yourself, David? Why do you still argue with Bitcoin maxis, huh? People are wrong on the internet Ryan. Oh, okay. You can't sleep Yeah, can't sleep. Someone's wrong on the internet Token terminal speaking of Bitcoin You want to get you all your all your angry takes out about Bitcoin friend tech just surpassed Bitcoin in the 30 -day Fees, okay friend tech is making more money Selling each other as friends friend shares. Sorry, they don't call them that friends keys friend keys Then Bitcoin is making selling block space. That's what this means. That's a little rich bearish So not even a layer one app on a theorem a layer two app is making more money than Bitcoin is Yeah, Sam. I'm paying ether very little for security because it's on layer two friend tech revenue 28 million Bitcoin revenue 26 million over the last 30 days eth revenue 90 million Tron revenue 87 million the Tron revenue is actually such a dark horse Turns out Tron has very similar economics to aetherium and it's it's super duper used for payments And it's it you should be you should be careful saying Tron. Okay, because That old Justin Sun guy is kind of litigious. So you should be careful what you say about him We're gonna open up the store. Okay, can you can you open up the article then if we're gonna open up this article the Okay, Bankless released a Tron bull versus bear case Inspired by I think for me it was inspired. I didn't write it. It was inspired by Paul Enya's Article about the economics of Tron and how they're like their mimics ether and they're kind of bullish. And so we published this article Jack wrote a great great article wrote the bear case and then the bull case and so there was a When talking about the bull case for Tron is already super dubious. Why is it dubious? Well, cuz the founder Justin Sun I in my opinion is a morally bankrupt character And we alluded, you know, I is this my opinion It's my opinion and you could say that we just the article gave that disclaimer is like hey the bear case for Tron Is that you know, Justin Sun is dubious. He's there's allegations of fraud and then The author and the newsletter editor of Bankless got pulled into a telegram group with Justin Sun's lawyers for Tron and They submitted a cease -and -desist We're talking shit and they threatened legal action Against Bankless for publishing by the way, this wasn't just the bear case It was the the bear case and the bull because we just actually said there is kind of a weird bull case about Tron Which is that it's generating a lot of fees and it's burning those transactions Okay, it's completely centralized. It's completely part of the Justin some Sun Empire, but it is actually producing revenue number two behind a theorem yeah, and we got sent this cease -and -desist from Tron and We talked to our lawyers Here's what they say wild Assertations like Tron's primary function is to enrich its insiders and participating in the zero -sum game is a mistake that you will invariably Regret Yeah, if you want to live on a chain rot with fraud and deception then Tron might just be the one for you God, I'm so proud. That's what that's what that's what that's Jack put in the post But but yeah, the Lord Tron's lawyers disputed that they didn't like that. They sent us a cease -and -desist We talked to our lawyers and they said you look you got First Amendment, right? You get to say whatever you want Yeah, yeah, but do you really want to get in a pissing match with Justin Sun? We said, yeah We already shipped the newsletter so we'll just strip that from yeah So we have stripped it from the record because I don't want to go up against a billionaire who's gotten way more money than me Unless he's gonna be a total bully and then right like and then we might talk about it on the podcast. Yeah Just our opinions It's just my opinion Not anyone else's that Justin Sun is morally bankrupt and probably so are the lawyers who work for him There you go. Just an opinion just an opinion Okay, so back to the fees though We're talking about Bitcoin fees 30 days. I mean, I don't know David the quick take is I don't think this is great for Bitcoin and You know, we've said this for a long time since 2019 when it was a lot less possibly popular to talk about the sustainability or the lack of sustainability of bitcoins right monetary schedule and model and You know, it's it's starting to pop up again, it's really bad I'm looking at the graph that you have on the screen Which is just the token terminal like graph of who's making money a theory number one Tron number two bullish Lido number three friend taking before Bitcoin you know swap Where's Solana? There's 25 apps on here. No Solana doesn't make money do not not that not the traditional way It doesn't even make the top 25 and fees So it doesn't doesn't doesn't but you know everyone values the bull case for Solana is fees That's what they say. They make it up in volume. Like I think I think I actually make a volume I think the bull case for Solana is a fees but MEV it's sound you got to sell the block ordering at some point I maybe it's gonna be less the user fees. Yeah, it's MEV extraction for sure. Not our rent extractors their rent extractors Hey semantics You know what there we promised the last thing here is guys private warfare coming out Price predictions though. Okay. Okay. So this was a price prediction from Standard Chartered Bank Don't know who's gonna charter my favorite bank that your favorite bank. Yeah. Uh -huh. Okay. Well, they're analyzing ether and according their analysts ether could reach $8 ,000 by the end of 2026 okay, so but that's not their top side the top side at the end of the journey The long -term range is twenty six thousand to thirty five thousand. Okay. All right now we're talking Yep, and I don't know what timeline that is, but that's it's like in the fullness ten years out It sounds like yeah, something like this final Yeah, the equilibrium so I don't know what like backs their analysts But I know David you have some takes on the price of youth If you don't at this point in the episode when I teased you just like 15 minutes ago To get your take ready because I'm gonna ask you what do you think the top is for this bull cycle for ether? What's the top call? Give me a number call the top for the next cycle. I mean my gut my heart says 15k Okay, okay. So we had 10k was the mean price last bull market and we got to Four thousand eight hundred which in logarithmic terms actually isn't terribly far off from that But you know still a 2x or away from the top so increasing last cycles call from 10k to 15k I think is appropriate so And what what do you think are you willing to time box that you know, are we talking 20 24 25 26? longer Assuming four -year cycles play out then yeah end of 26 by the end of 26 What year is it? 23 15k by 20 soon. That's what you're saying 15k in two years who is starting to get real specific That's making me a little scared. There you go Those are some specific numbers in times which I am just pulling from my absolute. You know what? I don't know I mean, you know, that's only double what standard chartered bank said. So yeah company here All right. Well, wait, wait, what's your number? You say you want to know my number? Yeah I was gonna go twelve thousand five hundred. Okay. Okay, but in honor of Friday the 13th 13 ,000 13 ,000 This is me saying that's the top. That's the eve price top for next cycle 13 ,000 I'm just a little bit under 15 ,000. My rationale is we're looking at it like I was like David's too bullish Yeah rational My is take anything David says and then discount it by 20 % because that's that's what we do in this podcast Anyway, those are our numbers those are our numbers David what we have coming up in the episode kind of next SPF trial week To Gary Wang we got to talk about him because he was last week But we didn't cover him because he was on Friday Caroline Ellison this week kind of a climactic cinematic moment in the trial There's a lot to cover including Ryan don't forget about the Thai prostitutes got to talk about them Wow, you're weirdly excited about that part. I don't know Also crypto is playing a role in the story of the Israel Hamas conflict So we'll discuss the details there And of course, there's always just gonna be the regular old news of the week some new chains coming to polygon Remember ape coin now ape chains We'll talk about that far casters going permissionless all this stuff and more but first I'm going to talk about these fantastic sponsors that make this show possible Especially kraken our preferred exchange for crypto in 2023 if you're not having account with kraken and consider clicking the link in the show notes to get started with kraken today Kraken pro has easily become the best crypto trading platform in the industry the place I used to check the charts and the crypto prices even when I'm not looking to place a trade on kraken pro You'll have access to advanced charting tools real -time market data and lightning -fast trade execution all inside their spiffy new modular interface Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs pick and choose your favorite Modules and place them anywhere you want in your screen with kraken pro You have that power whether you are a seasoned pro or just starting out join thousands of traders who trust kraken pro for their crypto Trading needs visit pro .kraken .com to get started today Arbitrum is accelerating the web 3 landscape with a suite of secure Ethereum scaling solutions hundreds of projects have already deployed on arbitrum 1 with flourishing DeFi and NFT ecosystems Arbitrum Nova is quickly becoming a web 3 gaming hub and social dapps like reddit are also calling arbitrum home and now Arbitrum orbit allows you to use arbitrum secure scaling technology to build your own layer 3 giving you access to interoperable Customizable permissions with dedicated throughput whether you are a developer enterprise or user arbitrum orbit lets you take your project to new heights All of these technologies leverage the security and decentralization of aetherium and provide a builder experience That's intuitive familiar and fully EVM compatible faster transaction speeds and significantly lower gas fees So visit arbitrum .io where you can join the community dive into the developer docs bridge your assets and start building your first app with arbitrum Experience web 3 development the way it was always meant to be secure fast cheap and friction -free Here it is SBF trial.
Unchained
A highlight from SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life
"Hi everyone, it's Laura here for the Unchained Recap of the SPF trial for Wednesday, October 11th. In Caroline Ellison's second day on the witness stand in the criminal trial against Sam Bankman -Fried, her responses to prosecutors revealed that, in 2022, as the crypto markets crashed and lenders began recalling Alameda's loans, Bankman -Fried continued to make illiquid investments. As the situation grew worse, she, Bankman -Fried, and their alleged co -conspirators Gary Wang and Nishat Singh secretly resorted to ever more desperate Hail Marys, allegedly directed by SPF. In recounting the dramatic week of FTX's downfall, Ellison shed tears, sniffled, and reached for a tissue in front of the jury, composed of eight women and four men, making today the most emotional day in the trial so far. It was also the most dramatic, with references to bribing Chinese government officials, creating accounts using the IDs of Thai prostitutes, and an attempt to raise money by selling FTX shares to a Saudi prince. Plus, she shared insight into SPF's carefully curated public image, and how virtues like not stealing or lying were allegedly a moral gray area for him. Ellison began her testimony about the events in May 2022, and how the collapse of Tara Luna marked the start of an overall downturn in the crypto markets that significantly decreased the value of Alameda's assets. By June 2022, third -party lenders were asking the prop trading shop to pay back their loans. Most of Alameda's loans were open -term, which meant lenders could recall their money back at any moment. The prosecution showed Telegram group chats that included Ellison, Bankman -Fried, other Alameda employees, and lenders about Alameda's multi -billion dollar loans. For example, CryptoLenderGenesis reached out to Ellison in mid -June, asking Alameda to return $400 million of its open -term loans with them. Alameda's inability to pay back its loans in full, according to her calculations, and the size of these loans, put Ellison's mind in a, quote, constant state of dread. Ellison testified that SPF directed her to repay the loans, which meant using Alameda's $65 billion line of credit that drew on FTX customer deposits. Quote, I knew that we would have to take the money from our FTX line of credit, and I knew that that was money that could be called at any time. And every day, I mean, I was worrying about the possibility of customer withdrawals from FTX and the possibility of this getting out and what would happen to people that would be hurt by that, she said. Prosecutors showed more telegram messages between Genesis Head of Lending Matthew Balenzweig and Ellison, where Balenzweig was asking for balance sheet updates that included the value of Alameda's current assets based on current prices. Feeling stressed, Ellison said she wanted to reassure Genesis while not letting the lender know about Alameda's and FTX's internal crisis. Ellison prepared an internal balance argument that she felt exposed how risky Alameda's position was, since it showed that the firm had borrowed $9 .9 billion from FTX customers and given $4 .6 billion in loans to top FTX executives. While this balance sheet had a positive net asset value, Alameda's total assets were greater than all of its liabilities, it was artificially inflated by the inclusion of FTT tokens that would never be able to be sold at the price they were marked as, since selling Alameda's total holding of FTT would cause its price to drop significantly. Moreover, Ellison noted the balance sheet highlighted how much of Alameda's assets were in illiquid investments. Ellison calculated at the time that Alameda had borrowed $13 .25 billion from FTX customers. This number was labeled in the original balance sheet as, quote, FTX borrows, because Ellison wanted to describe what the number actually represented without blatantly calling it, quote, FTX customer money. Quote, SBF always directed us to be careful about what we put in writing and not put things in writing that might get us in legal trouble, she explained. Since she and Banquin Freed agreed this original balance sheet could not be shared with anyone like Genesis, Ellison said she crafted seven different versions of this balance sheet at Banquin Freed's request. Quote, I understood him to be directing me to come up with ways to conceal the things in our balance sheet that we both thought looked bad, she said. The one SBF chose, her seventh alternative, was sent to Genesis. It did not have a line item named FTX borrows. According to Ellison, she hid Alameda's debt to FTX customers to make Alameda look less risky by netting some numbers in order to keep Alameda's net asset value the same while decreasing the size of Alameda's liabilities. Shortly after receiving Alameda's balance sheet, Genesis asked for its money back again. BalanceWide asked Alameda over Telegram to repay $500 million of its loans in mid -June 2022. Ellison admitted in court that she considered her balance sheet manipulations to be dishonest because they falsely stated Alameda's assets and liabilities, making the trading firm look safer than it was. The firm was able to repay some of its lenders in June 2022. Over the next few months, Ellison periodically updated Alameda's balance sheet, and each time she saw FTX borrows increase. In September, they jumped by roughly $4 billion, and by October, FTX borrows stood at nearly $14 billion. Ellison said that Alameda was using the additional FTX customer deposits to continue investing, trading, and repaying loans. Ellison testified that Alameda's internal balance sheet, the one that accurately depicted Alameda's assets and liabilities, showed her that Alameda had incurred a ton of risk and borrowed a large amount of money. In a conversation with Sam, they discussed solutions such as how to reduce risk and how to get more cash. He proposed two ideas that he logged in a Google document. To sell a couple billion dollars worth of Bitcoin if its price were to surpass $20 ,000, and to sell FTX equity to raise capital. Ellison mentioned how Bankman Fried was actively trying to sell shares of FTX to investors, primarily Mohammed bin Salman, Saudi Arabia's crown prince. By selling shares and receiving money, Alameda could theoretically repay the money they borrowed from FTX. The prosecution dove into conversations between Ellison and Bankman Fried that revolved around the ethics of lying and stealing. Ellison testified that Bankman Fried's moral framework was based on utilitarianism, and that he thought, quote, the only moral rule that mattered was doing whatever would maximize utility, so essentially trying to create the greatest good for the greatest number of people or beings. Ellison said Bankman Fried, quote, didn't think rules like don't lie or don't steal fit into that framework. Ellison noted that Bankman Fried's moral compass had made her more willing to steal. Quote, when I started working at Alameda, I don't think I could have believed you if you told me that a few years later I would be sending false balance sheets to our lenders or taking customer money, but over time it was something that I became more comfortable with when I was working there, she said. Ellison also testified that Bankman Fried urged employees to use messaging platform Signal and set the message to auto -delete after seven days. According to Ellison, a large part of Alameda and FTX's culture was a general weariness about putting anything sensitive in writing because of potential legal trouble. The prosecution showed a screenshot of Ellison and Bankman Fried's signal chat, where all the messages had auto -deleted. U .S. prosecutors asked whether Ellison and Bankman Fried used coded language to talk about possible criminal activity. Ellison said yes, bringing up Alameda's role in allegedly bribing Chinese government officials before June 2022. Alameda had trading accounts on two Chinese exchanges, OKEx and Huobi. In 2021, the exchanges froze Alameda's trading accounts because the Chinese government was conducting a money laundering investigation into someone who had previously traded on Alameda. As a result, Alameda couldn't withdraw its funds, which stood at roughly $1 billion. To get their funds off these exchanges, Alameda tried several routes. One effort involved the creation of OKEx trading accounts using the IDs of people she said she had been told were Thai prostitutes. "...we tried to basically have our main account lose money and have those other accounts make money," Ellison said. Alameda would "...do very imbalanced trades between the two accounts so those other accounts would be able to make money and withdraw it. However, this method was unsuccessful." David Ma, a Chinese employee with connections in China, allegedly proposed that Alameda get the accounts unfrozen by sending about $150 million to a few addresses. Alameda followed Ma's plan, but Handy Yang, a former Alameda trader whose father was a Chinese government official, vehemently opposed it. In a chat with Ellison and Bankman -Fried, former FTX Co CEO Sam Tribuco joked about their Chinese bribe, saying, "...did Handy's father immediately turn us in or something?" Additionally, in a document detailing Alameda's state in November 2021, Ellison included a section focused on the large gains and losses Alameda had in the year. The middle of the list said, "...negative $150 million from the thing," which, according to Ellison, referred to Alameda's payments to get their Chinese accounts unlocked. Ellison said she had labeled these payments the thing because, "...I didn't want to put it in writing that we had paid what I believed were bribes to get these accounts unlocked." Ellison also testified that in August 2022, when having a conversation with SPF about Alameda's balance sheet, Bankman -Fried said the trading firm should have hedged earlier and that Ellison was at fault for Alameda's financial footing. Ellison said Wednesday that Bankman -Fried blamed her for being in a situation where Alameda borrowed $10 billion from FTX while not having the assets to repay the debt. Ellison said she began crying and had trouble continuing the conversation. Despite saying she could have done things differently like hedging earlier, Ellison still believed Bankman -Fried was responsible. For Ellison, SPF's decision to borrow billions of dollars in open -term loans and deploy them in illiquid investments was the, quote, "...fundamental reason for Alameda's predicament." Ellison also testified about how SPF tried to cultivate a certain public perception. For instance, she said, quote, "...he said he thought his hair had been very valuable. He said ever since Jane Street, he thought he had gotten higher bonuses because of his hair and that it was an important part of FTX's narrative and image. Also, upon moving to the Bahamas, they were originally assigned luxury cars, but they switched to a Toyota Corolla for him and a Honda Civic for her because, she said, he said he thought it was, quote, "...better for his image." Although she rarely spoke to the press, she did speak to a Bloomberg reporter for an article about which Bankman -Fried was concerned. It raised questions about the closeness between FTX and Alameda. Describing what, quote, "...conflicts of interest could mean in the context of FTX," Ellison said, quote, "...what I mean is that, because Sam owned both FTX and Alameda, he had a reason not to treat all of the traders on FTX equally. I think allowing Alameda to borrow billions of dollars from FTX customers was not in the best interest of FTX or its customers, but it was important to keeping Alameda alive." Around the time Bloomberg published its piece in mid -September 2022, Ellison met with Singh and Wang about potentially shutting down Alameda. Showing notes that Ellison took pre -meeting, the prosecution pointed to a list of problems she had identified. The final one was, "...true up funds? Ellison said it referred to the money Alameda owed to FTX, and that she had chosen that phrasing because, quote, "...I wanted to refer to the concept, but not write down anything very explicit along the lines of, you know, return customer money that Alameda took. Because of my general practice, as directed by Sam, of not writing problematic things down explicitly." In early 2022, Ellison testified, Alameda invested hundreds of millions of dollars in crypto hedge fund Modulo Capital at Bankman -Friede's direction. Then on June 24, 2022, he sent a message on Slack to Ellison saying, quote, "...50 million dollars to Modulo Capital LP we should send via Signet," and then gave an address. Ellison specified that the date of this message was, quote, "...a week after Alameda had used billions of dollars of FTX customer funds to repay our loans." The prosecution pulled up a spreadsheet of individual loans that Alameda made and called out a loan on September 20, 2022 by Alameda of $100 million, and that represented another investment into Modulo. The FTX empire's downfall began with the leaking of one of the external versions of Alameda's balance sheet to CoinDesk on November 2, 2022. Ellison revealed that she had decided not to comment for the article because, quote, "...I was hoping at the time the news would just blow over." However, a few days later, as customers began to withdraw assets at a fast rate, she testified that Bankman -Fried told her to liquidate Alameda's positions and send the money to FTX, which she said was their general practice at times of customer withdrawals. Although Ellison had testified earlier in the day about SPF's policies around auto deletion, the government was able to display one signal group conversation between Singh, Bankman -Fried, and Ellison. She testified that around this time, quote, "...everyone else in the company was starting to preserve their messages." Singh wrote, quote, "...lots of withdrawals quickly up, negative $1 .25 billion in the last day, negative $230 million in the last three hours, negative $120 million in the last hour." Ellison responded with a frowny face, and explained, quote, "...I was terrified. This is what I had been worried about for the past several months, and it was finally happening. I thought that, at this point, everything about FTX and Alameda was going to come out." SPF's response to Nishad's text was, oof. In the same chat, Ellison mentioned that Salem had asked her if FTX could meet all withdrawals. She asked the others what to say. Ellison explained that even though she knew FTX could not meet all withdrawals, she asked because, quote, "...that was the fact that we had tried to conceal in the past, and I was wondering whether I should continue trying to conceal it or just start being honest with people about it once it was becoming evident." SPF responded, quote, "...maybe something like, we can meet a ton, though it's already getting large. IDK." Ellison said SPF created yet another group chat on Signal with her and a few others about the fact that public concern over Alameda's balance sheet was growing. Eventually, in the chat, they decided that Ellison should tweet. She said that Bankman Free didn't want to be the one to tweet since he didn't want to be associated with Alameda because of the conflicts of interest concern mentioned in the Bloomberg article. Ellison said that even though she did tweet, she didn't want to do it, quote, "...because I knew that the purpose of such a tweet would be to try to mislead people and give them false assurance." Then the prosecution showed the tweets she sent, which began, quote, "...that specific balance sheet is for a subset of our corporate entities. We have greater than $10 billion of assets that aren't reflected there." However, the prosecution then brought up a Google Doc where she and others had collaborated on what to say in this tweet. The top suggestion was by Bankman Fried, which had all the basic points of Ellison's tweet but was written in a list format, such as a few notes, colon, a, another greater than $10 billion in assets not on that balance sheet, b, obviously we have hedges. For those of you familiar with SPF's tweets, you know what style I'm talking about. Ellison said that the group all agreed that it looked like his writing style, so she said she rewrote it in her style before tweeting. A similar discussion in a different signal chat occurred before she replied to Binance CEO Changpeng Zhao, who had tweeted that he planned to sell Binance's FTT holdings. SPF approved her message, saying, quote, "...I think the point is just to counter the PR slash narrative here." Although the price of FTT went up initially on her tweet, it started to go down, and she said that Alameda needed to buy a lot of FTT to keep the price up. She estimated that Alameda had spent in the tens of millions of dollars, or perhaps a hundred million or more dollars, on buying FTT, but that if they hadn't done that, then the money would have been used to process FTX customer withdrawals. Around this time, SPF started a chat with 11 people who included Ellison, SPF, Singh, Wang, and SPF's father, Joe Bankman, amongst others. On November 7th, SPF texted a message that listed a number of assets that started with 1 $300 million BTC, and listed other assets, and then concluded, "...so that's roughly $1 billion to $2 billion left?" SPF added another table of assets that Alameda and FTX could access on a week's timescale, which totaled $3 .9 billion, but Ellison estimated it would still not have been enough since she Alameda calculated owed FTX $8 .1 billion. Next, the government pulled up a screenshot of a chat between Ellison and Bankman -Fried, and began with her replying to an earlier comment of her own, which said, "...if things got a lot worse, I don't think I am going to handle it well." On Monday, November 7th, she had replied to that text, saying, "...this was such a bad prediction. This is the best mood I've been in in like a year, tbh." SPF responded, "...wow, uh, congrats? Because shit's exciting?" Ellison responded, "...I just think I had an increasing dread of this day that was weighing on me for a long time, and now that it's actually happening, it just feels great to get it over with one way or another." The prosecutor asked Ellison why she had written that she was in the best mood she'd been in for a year. Quote, "...to be clear, that was overall the worst week of my life," said Ellison. "...I had a lot of mood swings during that week and a lot of different feelings, but one of the feelings I had was an overwhelming feeling of relief. Because, as I said, this had been something that I had been dreading for so long, for the past several months," she said, starting to cry. "...it's something that had been in my mind every day, worrying about what would happen when the truth finally came out, and I felt a sense of relief that I didn't have to lie anymore, that I could start taking responsibility and being honest about what I had done, even though I obviously felt indescribably bad about all of the people that were harmed and the people that lost their money, the employees that lost their jobs, people that trusted us that we had betrayed." By the end of her comment, she was audibly sniffling, and later she grabbed a tissue out of the tissue box on the witness stand. The prosecutor brought up later messages in small group chat, in which SPF had linked to a Google Doc that began, quote, "...potential to -dos." Top of the list was, quote, "...reach out to Brigger, Dustin, Silver Lake, Sequoia, and Apollo when they wake up." Ellison identified these all as investors or potential investors in FTX, who she said SPF wanted to try to get cash from by selling some equity. The document also showed that FTX only had one -third of remaining client assets, $4 billion of the $12 billion in customer assets that were supposed to be on the exchange. At this point, the prosecution brought up SPF's infamously deleted tweets sent on that exact day, such as the ones saying, quote, "...FTX has enough to cover all client holdings." It also noted that Bankman -Fried retweeted a tweet by Moon Overlord on Twitter, which said, quote, "...can't wait for my FTX airdrop for not moving any of my funds." Next, Ellison asked if she could process loan repayments since lenders were, quote, "...freaking out and calling their loans in," even though if she did, she would be paying them back with customer funds again. SPF responded, quote, "...can certainly do it for all the smaller ones." As Ellison pointed out, this meant, quote, that there was less money available for FTX customers. Finally, prior to the Alameda All Staff meeting on November 9th, SPF also had a hand in comments Ellison was preparing to make to her staff. After she proposed talking about how Alameda would wind down, and it would be appreciated if any staff members stayed to try to repay lenders, SPF added, quote, "...and maybe about there being a future of some sort for those who are excited." Ellison revealed numerous details about her personal relationship with SPF, such as the fact that they wrote each other Google Docs in order to discuss their thoughts on their relationship and their feelings. Ellison characterized her feelings as, quote, "...being unhappy with our relationship," and said she shared concerns with him about their personal and professional relationships affecting each other, and in particular, how the personal one affected her at work. She said that if Bankman -Fried gave her negative feedback, quote, "...it made me feel like sort of an unequal partner in our relationship." Perhaps aspects of that unequal relationship came up earlier when, shortly after the lunch break, the prosecution asked for a sidebar discussion with her, the defense lawyer, and the judge. In a transcript, prosecutor Danielle Sassoon said, quote, "...the defendant has laughed, visibly shaken his head, and scoffed. It's possible it's having a visible effect on her, especially given the history of this relationship, the prior attempts to intimidate her, the power dynamic, their romantic relationship." We'll see if this dynamic continues Thursday, when SPF's lawyers resume their cross -examination of Ellison. Final quick notes. The judge finally decided that the anthropic investment could not be brought up in court. When he did so, he gave a colorful analogy. Quote, "...the crime charged is that he took the money, and what he did with it afterward doesn't matter. This is like saying that if I break into the Federal Reserve Bank, make off with a million bucks, spend it all on Powerball tickets, and happen to win, it was okay." However, he left the door open for the defense to make an argument about the nature of venture investing. Unchained will be back tomorrow with more updates from the courtroom. I expect it to be another dramatic day since Ellison is the prosecution's star witness and this will be the cross -examination. Thanks for tuning in.
Food Addiction, the Problem and the Solution
How Dr. Guttorm Toverud Uses the 12-Step Model to Treat Addiction
"Dr. Tovaroud has a PhD in counselor education from UNC, which is University of North Carolina at Greensboro, Greensboro, North Carolina. He has a master's degree in agency counseling from Appalachian State University in Boone, North Carolina. He is currently a consultant in his own company, GT Consulting. The company provides substance abuse and dependence consulting services within treatment, clinical supervision, program development, assessment and diagnosis, and educational programs. He spent his career in education and conducting workshops regarding substance abuse and dependence. Dr. Tovaroud has conducted workshops for 30 years in both Norway and Sweden, and more than 10 ,000 people now have participated. He is a specialist in using the 12 -step model for treating substance and behavioral addictions, allowing individuals to learn how to live life on life's terms. He teaches at Esther Helga Goodness -Doteers Infect School. This podcast is an infect school podcast. The course he teaches is entitled Professionals Applying the Big Book of Alcoholics Anonymous. His portion of this training is 50 hours for the infect school. And of course, classes start this September, 2023. The website is infectschool .com to learn more about classes and obtaining a certification in the treatment of food addiction as a counselor. So in my research, Dr. Tovaroud, to prepare for this podcast, I've listened to a lot of hours of your lectures. Not 50 hours, but a lot of hours of your lectures. And they're very good. I've benefited from the detailed and informative instructions. Thank you. Yeah. For those listening that may not know The Big Book, The Big Book of Alcoholics Anonymous was written in 1939 and has instructions around using a 12 -step program for recovery from addiction. The 12 -step model from The Big Book, which is the instructions, the format, the program, has been used in many substance abuse and behavioral addiction recovery programs, including, of course, alcohol addiction and food addiction recovery programs. It is one of the 100 most published nonfiction books in the world, having surpassed 50 million copies. The course that Dr. Tovaroud conducts centers on the context steps, the action steps, and the fourth dimension of existence, demonstrating how professional counselors can increase their understanding of the 12 -step program and the use of 12 -step fellowships as a resource. The course format is based on using The Big Book as a foundation for treatment. Did I get that right? You did. That was an amazing summary. Well, I kind of worked on it. I took from several different sources, but I think I captured what you do and your work. So start by talking about the work you have done and the work you do. Talk about that. We'd love to hear it. Well, thank you very much. And again, I'm honored to be a guest on Esther Helga's podcast program. I'd like to start off by coming with a disclaimer. I do not speak on behalf of Alcoholics Anonymous, and no one does. And that's one of the reasons that they actually wrote the book and it's word of mouth to represent what they wrote. And then subsequently, it is conference -approved literature. And both the Fellowship of Alcoholics Anonymous and most other 12 -step fellowships do not want personal representatives. So my focus is that we are professionals applying, using what is written, and therefore we're, in many respects, bound to what is written. And in the introduction and the prefaces of the book, it states that in this fourth edition, that part of the book, which explains the 12 -step recovery program, is more or less unchanged from 1939. Yes. And so all of us that are 12 -step counselors, everything was decided in 1939 and what we are to convey in a clinical setting and from a therapeutic perspective. We have nothing to do with the fellowships and therefore it's an application. We've chosen as professionals to use this book in our clinical work with clients. So again, I do not represent AA or any other 12 -step program. This is a clinical application. I understand that and I understand the reason for saying that. And so, but it is a textbook, and you use this textbook to train professionals on how to counsel their clients. So talk about that work that you've done all these years. Is it 35 years you've done it? So for, yeah, so for 35 years, I have been using this book. I sort of say that I've been hiding out in Scandinavia, trying to fine tune how to actually use what is written in the textbook, not only in a clinical setting, but also as a profession. And then after I met Esther, she asked me if I would be willing to expand into an international audience. And initially, I was hesitant, but you can't say no to Esther. So - No, haven't yet. I agreed to do that and it has actually opened up a whole new world for me. And I realize that other people besides Norwegians and Swedes can actually benefit from the work that I have done. And since I do have a doctorate degree in Counselor Education, I've been able to unlock some of these codes that are in the book in terms of using it as our manual. And it's very interesting how we can then start at the beginning of the book, and that's what I do in the lecture series, and then I demonstrate. We read this out loud, and then we say this. And then I say, but now you can't say this because it's coming up later. But you need to know now that in three pages, they're gonna come back to this particular point. So you need to highlight that now. And so make sure that that is in place before you go on. So it really is a detailed approach, almost reading every single word, which is why it takes me about 50 hours. And then I compliment those, the lectures with visual slides. Yes, yeah. And they then help make it become a more pedagogically appropriate understanding. So we have the text on one side, we have the slides on the other side, and then we have the lectures accompanying that.
Coronavirus
A highlight from Voting Opens For Arbitrum Short-Term Incentives
"Voting for the Arbitrum short -term incentives program is now open on Snapshot, targeting the allocation of 50 million ARB tokens from the DAO treasury to Arbitrum projects. The program aims to amplify network growth and experiment with incentive strategies that will shape future incentive and grant programs. Arbitrum delegates with voting power can now vote on which projects should receive short -term incentives. To pass, projects need to achieve a 71 .5 million ARB token quorum and garner over 50 % of votes in favor of their proposal. Allocation of ARB tokens will be prioritized to projects with the highest votes until the designated funds are exhausted. GMX, which is the largest protocol on Arbitrum by TVL, is asking for 12 million ARB tokens. The initial voting round will remain open for one week, ending on October 12th. Web3 credentials platform Galaxy experienced a DNS compromise, during which an attacker gained control of the project's domain register account with DynoDA. Users visiting Galaxy .com were misled into approving malicious transactions that drained their wallets. Galaxy has since managed to recover control over its domain. Users who approved transactions on Galaxy .com between 6 a .m. and 9 a .m. Pacific time on October 6th may have been impacted and are encouraged to revoke approvals. Users are advised to avoid connecting their wallets on Galaxy until the accurate DNS records have been propagated globally. The attack resulted in a loss of about $200 ,000 worth of assets. Interface, a social dapp for monitoring on -chain actions, introduced Zorro -tailored media experiences. The integration displays on -chain comments, showcases personalized themes, and provides provenance information. Users can now explore Zorro NFTs on Ethereum -based opmana and Zorro Network. Users can also filter their Discover page by media format, including images, video, audio, or documents. The interface dapp allows users to follow wallets and discover on -chain events. Wallets that meet specified onboarding criteria can access the app on iOS and Android. Interface also displays mirror articles, token balances, and NFT holdings. And lastly, Ethereum .org unveiled its Q4 product roadmap, which includes community engagement efforts, content updates, and technical website upgrades. Website initiatives include a navigation menu overhaul, mobile UI and UX enhancements, finalizing a migration to Next .js, and refactoring QuizHub code. The team will add an educational page about seed phrases and dankoon content updates. Ethereum .org will also run the second iteration of the writing cohort and prepare for DevConnect. In other news, InstaDapp releases a beta version of its avocado mobile wallet, Bonfire, supports Frantech gating, and Reservoir supports zk -sync era. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Ethereum Daily
A highlight from Voting Opens For Arbitrum Short-Term Incentives
"Voting for the Arbitrum short -term incentives program is now open on Snapshot, targeting the allocation of 50 million ARB tokens from the DAO treasury to Arbitrum projects. The program aims to amplify network growth and experiment with incentive strategies that will shape future incentive and grant programs. Arbitrum delegates with voting power can now vote on which projects should receive short -term incentives. To pass, projects need to achieve a 71 .5 million ARB token quorum and garner over 50 % of votes in favor of their proposal. Allocation of ARB tokens will be prioritized to projects with the highest votes until the designated funds are exhausted. GMX, which is the largest protocol on Arbitrum by TVL, is asking for 12 million ARB tokens. The initial voting round will remain open for one week, ending on October 12th. Web3 credentials platform Galaxy experienced a DNS compromise, during which an attacker gained control of the project's domain register account with DynoDA. Users visiting Galaxy .com were misled into approving malicious transactions that drained their wallets. Galaxy has since managed to recover control over its domain. Users who approved transactions on Galaxy .com between 6 a .m. and 9 a .m. Pacific time on October 6th may have been impacted and are encouraged to revoke approvals. Users are advised to avoid connecting their wallets on Galaxy until the accurate DNS records have been propagated globally. The attack resulted in a loss of about $200 ,000 worth of assets. Interface, a social dapp for monitoring on -chain actions, introduced Zorro -tailored media experiences. The integration displays on -chain comments, showcases personalized themes, and provides provenance information. Users can now explore Zorro NFTs on Ethereum -based opmana and Zorro Network. Users can also filter their Discover page by media format, including images, video, audio, or documents. The interface dapp allows users to follow wallets and discover on -chain events. Wallets that meet specified onboarding criteria can access the app on iOS and Android. Interface also displays mirror articles, token balances, and NFT holdings. And lastly, Ethereum .org unveiled its Q4 product roadmap, which includes community engagement efforts, content updates, and technical website upgrades. Website initiatives include a navigation menu overhaul, mobile UI and UX enhancements, finalizing a migration to Next .js, and refactoring QuizHub code. The team will add an educational page about seed phrases and dankoon content updates. Ethereum .org will also run the second iteration of the writing cohort and prepare for DevConnect. In other news, InstaDapp releases a beta version of its avocado mobile wallet, Bonfire, supports Frantech gating, and Reservoir supports zk -sync era. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Thinking Crypto News & Interviews
A highlight from BLACKROCK TO INVEST $17.7 TRILLION IN XRP, BITCOIN, & ETHEREUM?!!
"Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything, folks, huge news coming out about BlackRock and Wall Street ready to enter the crypto market. So here's the headline from Forbes. BlackRock Insider primes crypto for a huge seventeen point seven trillion dollar Wall Street earthquake that could be about to hit the price of Bitcoin, Ethereum and XRP. Let me give you the details here. A former BlackRock managing director has predicted it's only a matter of months until the U .S. Securities and Exchange Commission approves a long awaited Bitcoin spot ETF, giving funds that manage seventeen point seven trillion dollars worth of assets. The green light. Here's a quote from that BlackRock manager. The SEC will probably approve all spot Bitcoin ETF applications at the same time. I don't think they want to give anybody the first mover advantage. Former BlackRock managing director Stephen Schoenfeld said this week at the London conference, it was reported by Decrypt. Schoenfeld gave the SEC three to six months until it approves a Bitcoin spot ETF. Last month, one point five trillion dollar manager, Franklin Templeton, filed with the SEC for a Bitcoin spot ETF, joining a flurry of applications that was kicked off by the world's largest asset manager, BlackRock in June, and includes Wall Street giants Fidelity and Vesco Galaxy, Wisdom Tree and many more. Schoenfeld pointed to a recent decision by the SEC to delay until early next year at the latest on a handful of prominent Bitcoin spot ETF applications as accelerating the process. Instead of completely rejecting the whole list, they've asked for comments, which is a marginal but significant improvement in the dialog, Schoenfeld said. So he's absolutely right. And folks, I think you and I, who have been following this closely, know about this, right? There's a flood of capital that's going to come into this market and we're going to see new all time highs in the next bull market. And it's going to go to Bitcoin, you know, initially, like we've seen historically, and then the liquidity flows to the alts. It goes to Ethereum, to XRP, as mentioned here. So we are in a whole new paradigm right now with these Wall Street folks coming in and look, they've shown us what their plan is. Their cards are on the table, right? Let me just quickly recap what has taken place so far this year. Obviously, BlackRock and Fidelity and Franklin Templeton and all these folks have filed for Bitcoin's spot ETF. But it's important to note that BlackRock is heavily invested in Bitcoin mining companies. They're some of the largest shareholders of some of the most public Bitcoin mining companies. They also are holding USDC reserves for Circle. Charles Schwab, Fidelity and Citadel launched the crypto exchange earlier this year called EDX Markets. It's an institutional crypto exchange. PayPal, of course, launched a stablecoin on the Ethereum blockchain. Deutsche Bank will start offering crypto custody to institutional clients. Both Citibank and JP Morgan are working on deposit tokens on private blockchains. MasterCard launched a CBDC program with participants which include Ripple, ConsenSys and Fireblocks. Visa, of course, expanding their usage of USDC stablecoin on Solana and Ethereum. So all signs are pointing to adoption, folks, and institutional tradfi, real world adoption, not just rumors, but they're actually building and launching products. They're filing for their patents and applications. So the next bull market is going to be incredible. There's going to be a ton of capital coming in and I'm expecting it to be one of the biggest bull markets we've ever seen, if not the biggest, because I don't think there has been this level of capital waiting to come in with these ETFs. Right. You think about the retirement accounts and all the different capital locked up in different investment products that, you know, they can't really touch crypto directly, but through an ETF, they can. So that would be a game changer. And like I said, Bitcoin will pump like we've seen historically go to new all time highs. Liquidity will flow to alts. The alts pop off new all time highs as well. So I'm diversified. I hold Bitcoin. I hold XRP Ethereum in different alts. So I'm excited for the next bull market. Here's some other incredibly bullish news that is along the lines of institutional investors coming in with a lot of capital. Billionaire backed Hong Kong crypto VC pours $100 million into blockchain fund. The Titan fund will focus on early stage startups in gaming, metaverse and NFTs, and will prioritize equity investments rather than digital assets. So CMCC Global, a blockchain focused venture capital firm backed by Hong Kong billionaire Richard Lee, aims to provide support for entrepreneurs building companies in the industry called the Titan fund. It has a particular focus on early stage startups operating in the blockchain verticals of infrastructure, fintech and consumer applications such as gaming, metaverse and non fungible tokens. The Titan funds investments will be directed towards equity investments in blockchain companies. Block .one served as the anchor investor, pledging $50 million. CMCC Global, the fund's initiator, also contributed a 15 % general partner commitment. Other notable investors include Richard Lee's Pacific Century Group, Hong Kong's Jebson Capital, Winklevoss Capital and Animoca Brands co -founder Yat Sui or C if I'm saying that right. The Titan fund will empower great entrepreneurs to build the next wave of Web3 and blockchain powered fintech applications, Gemini co -founder Cameron Winklevoss said in a statement. Folks, this is huge. I mean, look at the amount of capital is coming in and they're investing in both the tokens. Now, not everybody is investing in the tokens. Some are, and some are investing in the equity aspect, the companies that are building the infrastructure for the tokens to be adopted, right? For the different blockchains to be adopted. So it's all bullish news around. And the fact that they're doing this when the markets are down, when the macro economic outlook is not great right now, but they know it's just a matter of time when those things are going to flip. We're going to be back in the bull market. Everybody's going to forget about now and the hard times and the fear and the uncertainty, right? It's funny how human emotions work, but this is why you have to look at the charts, have a macro outlook and understand the market cycles. We are in that transition phase right now between bear to bull market. We are certainly not in the realms of that bottom zone of the bear market. We are out of that. Clearly Bitcoin rallied this year, but we're not in that bull market where euphoria is starting to build. And for those of you who have experienced that before, you know what I'm talking about. So the Bitcoin halving is kind of my marker on the timeline for when I think the bull market starts. So that's what I'm anticipating looking at. And that's why I'm dollar cross averaging. I'm paying attention to what these big investors have been doing, like the amount of capital they're raising and so forth. So we just got to be patient, folks, like I said, dollar cross average and be patient. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. Uphold is a platform and exchange I've been using since 2018. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. I've interviewed their CEO and many other folks so I can vouch for this platform. They also have precious metals on the platform that you can trade and also 37 fiat currency. So really unique platform. If you'd like to learn more about Uphold, please visit the link in the description. Now we got news here that Fairblock raises $2 .5 million for fully private blockchain transactions. The Fairblock team has recently secured $2 .5 million from investors to bring conditional encryption blockchains. to Folks, just further proof, right? Once again, keep in mind the economic outlook right now in the crypto market. There's nothing major happening right now with the price, but these companies are raising capital. People are giving them money. Why? Because they expect to make a return on their investment. They know that the current market cycle will be over and will be back in the bull market and there's going to be future adoption when you look at the S curve adoption model, right? So Fairblock is hoping to make conditional decryption, pre -execution privacy, a reality. Conditional decryption refers to allowing users to set conditions to that enable protocols to execute transactions without revealing any on -chain information before execution. Unlike zero knowledge technology, Fairblock is designed so that information is only encrypted or decrypted under certain conditions. It does so through advanced cryptography, including identity -based encryption and witness encryption. The company is also looking into fully homomorphic, if I'm saying it right, encryption or FHE, which will enable computations to be performed on fully encrypted data. Payment Momeni, Fairblock's co -founder, told Blockworks that the team had secured $2 .5 million in pre -seed funding to build this infrastructure. Folks, this is the building out phase for massive adoption for the next billion people and for a whole bunch of other use cases. And as you can imagine, what that's going to do to the prices of the tokens over time, you know, it's going to be incredible. So we have to be patient as these things are being built out. As always, go back and look at the 90s and the dot -com boom and, you know, there were boom and bust cycles there. But as the winners started building out their technology and getting more adoption, their valuations, of course, rose and increased significantly. So that's how we got to look at it, folks. Now, Stuart Eldorati, chief legal officer at Ripple, weighed in on the SEC's brief in the Coinbase case, which we covered in yesterday's news. He said, there's so much wrong with the SEC's brief in the Coinbase case that I don't know where to begin. Let's start with the SEC claiming without citation or support that digital assets have no innate or inherent value while collectible baseball cards do. So, you know, the SEC, they continue to look like fools. And we saw Congressman Richie Torres call out Gary Gensler about the Pokemon card situation. I think that caught Gary off guard where he's like, you know, is a Pokemon card security? What about a tokenized Pokemon card? And Gary's like, oh, I need more information. So, you know, the SEC, they're making things up as they go. But we know the game. The game is to slow this down, kill those pesky crypto startups, which, you know, are taking the market and making all the money while BlackRock and all these guys have to wait for regulations and have to wait for an ETF, right? That's a game. Allow the Wall Street folks to come in and take over. So, it's just roadblocks being put up to try to slow down the disruptors while the incumbents come in and catch up. Now, something interesting also coming out of the SEC, they're suing Elon Musk. So, there's going to be a probe into the purchase of Twitter in 2022. We'll see where this goes. And if it has legs, but this could bog down the SEC a bit because I'm sure Elon's going to fight back and we'll see where it goes because Elon's obviously trying to do things with crypto and Twitter and payments and much more. But we have to get more details. Now, finally, Matt Hamilton, who used to work at Ripple, and now he's, I think he works with Filecoin if I'm not mistaken, he met up with Kyle Samani. Now, those of you who don't know who he is. He's the co -founder and managing partner of MultiCoinCap. And I covered this over the years that these guys were spreading a lot of FUD about XRP back in the day. I think they were shorting as well. And I think they had insight into what Bill Hinman and the Ethereum folks were doing and that Ripple was going to get sued. So, they were shorting. They put their shorts in and they were spreading their FUD. Well, Matt brought the XRPs not a security t -shirt from the Ripple proper party and gave it to Kyle. You may say, well, why is that important? Well, years ago, Kyle back, I think it was in 2018, 2019, the man was walking around with a Ripple t -shirt saying hashtag XRP the security. So, once again, he and those guys were shorting XRP, I believe. And they knew they had some inside information. Will they get held accountable? That is to be seen. Probably not. But Matt said he had a good conversation with Kyle and we'll see how things progress, folks. Obviously, there's something fishy going on with these guys. Also, the other partner who blocked me, I think he's an Indian guy. I forgot his name, but he's also one that was just going around making neurons. You could see there was an agenda. We want to tell everybody XRP is a security. Now, why would you care about that? Unless you had a financial benefit and also in both ways. One, I'm going to short a competitor to Ethereum. And I'm probably going to go long on Ethereum. So, they were going around doing these things. But that's the news, folks. Let me know what you think. Leave your thoughts and comments below. Let me know what you think about this Forbes article on BlackRock and Wall Street. There's certainly a lot of capital waiting to come in and I'll talk to you all later. Bye.
"That's Why You're Single"
A Man's Intuition Is On a Whole Different Level
"Have this thing called a gut feeling when something's about to go wrong. For example, right? And they call that women's intuition. Women's intuition. I'm about to say women's intuition. But men have it in a whole different level than women do. For example, my wife and I, we went to the Big E, right? She puts on the GPS and she's following the GPS turn for turn, ending up in traffic. Me being a bus driver and me in my occupation, I kind of have a feeling of how the routes are ways to go. I did one thing where I took one right turn away from traffic just to go around and still end up on the highway. And she's like, how did you do that? Because you're a man. That's all. That's all I'm saying. I'm a man. That's all. I'm just saying. Women, they have this thing where we think about the big picture where women, they could be very narrow -sided. I'll say that. Nice way of putting it. And where I'm pretty sure you guys - I can take that. I like that. I'm pretty sure that you guys, being men who were in relationships, who were like, all right, this is due. This is due. That's due. This has got to get taken care of. And she's, oh, I got all these 50 million bills. This, that, and the third. And you're like, all right, you know what? We're going to take care of this. We're going to take care of that. That's okay because it's going to be late by two weeks, but it's okay because we've got money coming in next month. And we good. We just think faster. We think clearly. We look at the bigger picture. We don't get overwhelmed like women do. We take a step back. We look at the big picture. Women, they're splendid. They're mighty. That's all I'm saying. That's all I'm saying. Scatter brains. Scatter brains. We have to be the rock. Exactly. In all of that thinking and all of that stuff. That's why we have to make the last decision. What? Okay. So this is what I don't get. You guys, long term marriages, what are you talking about? You don't have feelings. You don't worry about it. Your feelings. What is that? You can't. I was married and I had my feelings. She knew about my feelings. And that's why you're single now. Jesus. Probably Jesus. No, no, no, no. But you didn't say it was time to hit the nail on the head. Happily single. No, happily is happily single. April fools. Shit. That's what it is. It's like shit. Gotta. Gotta. Gotta. Gotta get done. Shit. Gotta get done. It don't matter if you hurt. It don't matter if you mad at this motherfucker. It don't matter if the kids is bad. The sneakers. You still gotta buy them sneakers. She still need things too. My wife need shoes. My kid need clothes. Come on, seven. What is that? I'm sorry. I'm going through it. What is that? What is that? Happy wife, happy life crap. Yes. What is that? It means you gotta make sure she's happy enough. What about you? Let me explain. You gotta make sure she is happy enough. I'm a 27 year old nigga that's just getting into a relationship. It's telling me. Let me explain. I'm trying to put you on. I'm just listening. I'm just listening. Dude, my teacher. Wait. Do you understand our certainty? I just listen. How long have you been married? It's about nine years. Nine years. How long did you marry? I don't know. It was quick. I'm going on 22. I'm over two decades, brother. Mm -hmm. I'm just listening. Go ahead. I'll tell you my idea behind it, right? I have to make sure that my fiance is happy so she can get out of my hair long enough for me to do the things I want to do so I can be happy. For example, she likes to house clean. Something like you were saying. You know? For example, she likes to house clean. She likes certain things done a certain way. She likes the toilet seat put down. She likes... You know what I mean? I don't need to... So are you cleaning the house and putting the toilet seat down? No. I said... What is she doing? What is she doing? She's keeping it clean. She's maintaining it clean. She's doing all the things that she wants to do and all her womanly needs and all that good stuff is taken care of.
Demo 1 - NaviLens
Disney Plus Streaming Sets 'Artemis Fowl' Premiere Date
"Disney set the streaming -only premiere date for live -action sci -fi fantasy Artemis Fowl on its Disney Plus service worldwide, hoping it gives more juice to the subscription VOD product while all of the theaters are closed. Artemis Fowl, directed by Kenneth Branagh, will be exclusively available on Disney Plus beginning on Friday, June 12th. It had originally been set for a May 29th theatrical debut. Based on the best -selling book by Irish author Ian Culfer, Artemis Fowl follows the journey of a 12 -year -old criminal mastermind as he desperately tries to save his kidnapped father. Artemis must infiltrate an ancient underground civilization of fairies and track down the Oculus, the fairies' most powerful and coveted magical device, to pay the ransom. In a statement, Branagh said that Artemis Fowl would be as proud as I am that families around the world will now be able to enjoy his first amazing screen adventures together on Disney Plus. Artemis Fowl stars newcomer Ferdia Shaw in the title role, alongside Laura Macdonald, Josh Gad, Tamara Smart, Nonso Anozzi, Josh Maguire, Nikesh Patel, and Adrian Scarborough, with Colin Farrell and Judi Dench. Branagh and Judi Hofflin are producing, with Angus Moore Gordon and Matthew Jenkins serving as executive producers. Connor McPherson and Hamish McCall wrote the screenplay. Amid the COVID -19 crisis, Disney has postponed nearly every one of its forthcoming movie releases, including Black Widow, Mulan, The New Mutants, The Eternals, Jungle Cruise, and Indiana Jones 5. The media conglomerate is betting that Artemis Fowl will draw more subscribers into Disney Plus, which surpassed 50 million paying customers worldwide in its first five months of service.
Demo 1 - NaviLens
A highlight from Your-Weekly-Tech-Update-EP-134
"Hello everyone! Welcome to your weekly tech update, the show that explores the newest, coolest, and sometimes mind -boggling side of tech available on the interwebs. I am your host, Ray McNeil. Coming up on the program today, Google Meet video calls are getting a Zoom -like layout. Impossible Foods rolls out to nearly one thousand new grocery stores and supermarkets, and will take your mind off the world and put a smile on your face with this week's Moment of Joy. That and a whole lot more coming up on today's edition of your weekly tech update, next. Google Meet will undergo huge changes over the next few weeks as the tech giant rushes to make it a more viable alternative to Zoom. To start with, the video conferencing tool is now directly accessible from within Gmail for business and education users. Those who prefer Zoom for its gallery -like layout that can show up to 25 participants at once would probably be more excited to get another feature coming later this month. Google will roll out a new layout option that can display up to 16 participants. There's already a Chrome extension that can mimic the Zoom feature for Meet, but its official release means there's no need for a workaround anymore. The company will also enhance Meet's video quality in dim lighting and its ability to filter out background noise in the coming weeks. In addition, an upcoming feature will allow users to display a specific tab open on their Chrome browser during a call. Zoom recently enjoyed a surge in popularity due to a shelter -at -home order, but it suffered from various privacy issues that has prompted a lot of organizations. including several school districts in the U .S. to ban it outright. With these changes, Meet could become a new decent alternative to Zoom, especially since its premium features are free to use until September 30th. Disney set the streaming -only premiere date for live -action sci -fi fantasy Artemis Fowl on its Disney Plus service worldwide, hoping it gives more juice to the subscription VOD product while all of the theaters are closed. Artemis Fowl, directed by Kenneth Branagh, will be exclusively available on Disney Plus beginning on Friday, June 12th. It had originally been set for a May 29th theatrical debut. Based on the best -selling book by Irish author Ian Culfer, Artemis Fowl follows the journey of a 12 -year -old criminal mastermind as he desperately tries to save his kidnapped father. Artemis must infiltrate an ancient underground civilization of fairies and track down the Oculus, the fairies' most powerful and coveted magical device, to pay the ransom. In a statement, Branagh said that Artemis Fowl would be as proud as I am that families around the world will now be able to enjoy his first amazing screen adventures together on Disney Plus. Artemis Fowl stars newcomer Ferdia Shaw in the title role, alongside Laura Macdonald, Josh Gad, Tamara Smart, Nonso Anozzi, Josh Maguire, Nikesh Patel, and Adrian Scarborough, with Colin Farrell and Judi Dench. Branagh and Judi Hofflin are producing, with Angus Moore Gordon and Matthew Jenkins serving as executive producers. Connor McPherson and Hamish McCall wrote the screenplay. Amid the COVID -19 crisis, Disney has postponed nearly every one of its forthcoming movie releases, including Black Widow, Mulan, The New Mutants, The Eternals, Jungle Cruise, and Indiana Jones 5. The media conglomerate is betting that Artemis Fowl will draw more subscribers into Disney Plus, which surpassed 50 million paying customers worldwide in its first five months of service. That's been buoyed by its recent launch in India and eight Western European countries, along with the early release of Frozen 2 on the subscription service. In the U .S., Disney Plus is $6 .99 monthly, or $69 .99 for a one -year subscription.
WTOP
"50 million" Discussed on WTOP
"A new plan the president says that new path could help out borrowers if they face financial trouble monthly payments will be due bills will not go out and interest will be accruing and during this period if you can pay your monthly bills you should but if you cannot if you miss payments this on -ramp temporarily remove the threat of default for having your credit harm Democratic strategist and CBS News political contributor Juan C. Wright explains why the ruling is politically significant there are constituents in this country that are the future of this country and those include young people the constituency who will be impacted the most by the decision made by this right -wing activist court CBS News Brief I'm Gillette. Wendy It's 4 46 to the war in Ukraine now while the Kremlin is scrambling to bring calm to Russia after last weekend's armed rebellion there's still a major war going on in Ukraine why is Ukraine's counter if moving so slowly WTOP national security correspondent JJ Green joins us live with details. JJ the slow nature of the counter -offensive comes as no surprise to General Mark Milley. Is happening it slower than computers might have said or other people might have said yes what I had said was this is going to take 6 8 10 weeks it's going to be very difficult it's going to be very long and it's going to be very very bloody and no one should have any illusions about any of that speaking at the National Press Club Milley said there is a reason why this phase of the war is taking time Ukrainian soldiers are assaulting through minefields and into trenches and this is literally a fight for their life so yes sure it goes a little slow but that is part of the nature of war. General Mark Milley is the chairman of the Joint Chiefs and it's important to know while at the National Press Club he did say the US is considering providing cluster munitions to Ukraine their bomb like munitions that open up and disperse smaller like munitions that attack multiple targets at once and that's something US allies might frown on. Reporting live JJ Green WTOV news. Top stories we're following for you right now on WTOV. Breaking news we have a severe thunderstorm warning now in effect for parts of Baltimore City, northwestern Anne Arundel, eastern Howard and southwestern Baltimore County. A tornado warning that had been in effect for east Howard County has just expired. July that starts on tomorrow that's Saturday is the start of July and that means some new laws are taking effect in Maryland and Virginia. All this is 50 million Americans hit the roads,
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Schedules. So if you had three Friends and each of you had 50 million a piece, sure, cool and by one jet that might facilitate some of the trips. But ultimately, I think you'll find you each need your own. You know, I do wonder too, Jenny. There are kind of weird things that we sometimes look at for global economic, indicators. And I'm curious about what you are seeing in your business. Does it says to you that a recession is on the horizon or how would you describe kind of the economic outlook? The big R word. So that's obviously been something that's been discussed within the trade for, oh, since the middle of last year, because we know it's looming, an economic cycle is inevitable. And we've been through a boom period in our business, and I would say that business checks, historically have been a pretty good leading indicator of things to come. I think the waters are a bit muddied at this time that we're not predicting what's coming next. The slowdown that we're feeling, I think, was inevitable as a result of several things. One, the 100% bonus depreciation going away at the end of last year. The pandemic fancy fine is pretty much over most. Everyone made their selections got their deals done. And now that's why we call it a return to normalization. A normal turn time on the aircraft, the number of inquiries are equalizing. And you know, as prices slide, it's going to stimulate demand once again. And I have to say that I'm not sure prices are going to slide dramatically. They're going to correct slightly. If these prices slid to 2019 level, is that still a win for everybody? I hear you. I think about that all the time myself, actually. What's that? You know, if we drop just back to 2019 levels, is that bad? Or is that a win? We've gone through this incredible pandemic. Right. It doesn't seem like it's such a horrible stat. Our thanks to jeanine orelli, founder and president of par avion, joining me in Bloomberg's Matt Miller. Still to come on Bloomberg businessweek for those of us who can't drop 8 or 9 figures on a private jet. Our Bloomberg pursuits team has come to the rescue. The places that he walked through were these beautiful country roads. If you walked into this little itty bitty town called Lee, where he found a diner that inspired a Norman Rockwell painting. And he walked to a dairy where the cows are free range and then our milked right on site. A breakdown of the magazine summer travel guide that includes a much more affordable mode of transportation. Your feet. That's coming up. This is Bloomberg. Bloomberg radio is where you are if live business news
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Friends and each of you had 50 million a piece, sure, pool and buy one jet that might facilitate some of the trips. But ultimately, I think you'll find you each need your own. You know, I do wonder too, Jenny. There are weird kind of weird things that we sometimes look at for global economic indicators. And I'm curious about what you are seeing in your business. Does it says to you that a recession is on the horizon or how would you describe kind of the economic outlook? The big R word. So that's obviously been something that's been discussed within the trade for, oh, since the middle of last year, because we know it's looming, an economic cycle is inevitable. And we've been through a boom period in our business. And I would say that this is historically have been a pretty good leading indicator of things to come. I think the waters are a bit muddied at this time that we're not predicting what's coming next. The slowdown that we're feeling, I think, was inevitable as a result of several things. One, the 100% bonus depreciation going away at the end of last year. The pandemic frenzy finds pretty much over most. Everyone made their selections got their deals done. And now that's why we call it a return to normalization, a normal turn time on the aircraft, the number of inquiries are equalizing. And you know, as prices slide, it's going to stimulate demand once again. And I have to say that I'm not sure prices are going to slide dramatically. They're going to correct slightly. If these prices slid in 2019 level, that's still a win for everybody. I hear you. I think about that all the time myself, actually. What's that? You know, if we drop just back to 2019 levels, is that bad? Or is that a win? We've gone through this incredible pandemic. Right. It doesn't seem like it's such a horrible stat. Our thanks to jeanine orelli, founder and president of par avian, joining me in Bloomberg's Matt Miller. Still to come on Bloomberg businessweek for those of us who can't drop 8 or 9 figures on a private jet. Our Bloomberg pursuits team has come to the rescue. The places that he walked through were these beautiful country roads. As you walked into this little itty bitty town called Lee, where he found a diner that inspired a Norman Rockwell painting and he walked to a dairy where the cows are free range and then our milked right on site. A breakdown of the magazine summer travel guide that includes a much more affordable mode of
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Schedules. So if you had three Friends and each of you had 50 million a piece, sure, cool and by one jet that might facilitate some of the trips, but ultimately I think you'll find you each need your own. You know, I do wonder too, Jenny. There are weird kind of weird things that we sometimes look at for global economic indicators. And I'm curious about what you are seeing in your business. Does it says to you that a recession is on the horizon or how would you describe kind of the economic outlook? The big R word. So that's obviously been something that's been discussed within the trade for, oh, since the middle of last year, because we know it's looming, an economic cycle is inevitable. And we've been through a boom period in our business. And I would say that business checks, historically have been a pretty good leading indicator of things to come. I think the waters are a bit muddied at this time that we're not predicting what's coming next The slowdown that we're feeling, I think, was inevitable as a result of several things. One, the 100% bonus depreciation going away at the end of last year. The pandemic frenzy buying is pretty much over most. Everyone made their selections got their deals done. And now that's why we call it a return to normalization. A normal turn time on the aircraft, the number of inquiries are equalizing. And you know, as prices slide, it's going to stimulate demand once again. And I have to say that I'm not sure prices have been slide dramatically. They're going to correct slightly. If these prices slid to 2019 level, that's still a win for everybody. I hear you. I think about that all the time myself, actually. What's that? You know, if we drop just back to 2019 levels, is that bad? Or is that a win? We've gone through this incredible pandemic. Right. It doesn't seem like it's such a horrible stat. Our thanks to jeanine orelli, founder and president of par avian, joining me in Bloomberg's mat Miller. Still to come on Bloomberg businessweek for those of us who can't drop 8 or 9 figures on a private jet. Our Bloomberg pursuits team has come to the rescue. The places that he walked through were these beautiful country roads. If you walked into this little itty bitty town called Lee, where he found a diner that inspired a Norman Rockwell painting. And he walked to a dairy where the cows are free range and then our milked right on site. A breakdown of the magazine summer travel guide that includes a much more affordable mode
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Had three Friends and each of you had 50 million apiece, sure, cool and by one jet that might facilitate some of the trips, but ultimately I think you'll find you each need your own You know, I do wonder too, Jenny. There are weird kind of weird things that we sometimes look at for global economic, indicators. And I'm curious about what you are seeing in your business. Does it says to you that a recession is on the horizon or how would you describe kind of the economic outlook? The big R word. So that's obviously been something that's been discussed within the trade for, oh, since the middle of last year, because we know it's looming, an economic cycle is inevitable. And we've been through a boom period in our business, and I would say that business checks, historically have been a pretty good leading indicator of things to come. I think the waters are a bit muddied at this time that we're not predicting what's coming next. The slowdown that we're feeling, I think, was inevitable as a result of several things. One, the 100% bonus depreciation going away at the end of last year. The pandemic francine is pretty much over most. Everyone made their selections got their deals done. And now that's why we call it a return to normalization. A normal turn time on the aircraft, the number of inquiries are equalizing. And you know, as prices slide, it's going to stimulate demand once again. And I have to say that I'm not sure prices are going to slide dramatically. They're going to correct slightly and one of the questions I have on a panel that I'm going to host next week at the European business aviation conference is if these prices slid in 2019 level. Is that still a win for everybody? I hear you. I think about that all the time myself, actually. What's that? You know, if we drop just back to 2019 levels, is that bad? Or is that a win? We've gone through this incredible pandemic. Right. You know, it doesn't seem like it's such a horrible stat. Anyway, Jenny, great having you on. I always love to get a check on the private jet industry, jeanine, Jana rally, they are founder and president of par avion. Yeah, pretty cool stuff. I mean, planes are incredible. And we really did see private aviation take off in a big way. Certainly, during the pandemic. I just. Need a private jet. You know, I can't continue to fly commercial for the rest of my life. My family is getting bigger. You know, it's even more of a pain in the butt if you have a baby. You could do fractional though. You can do those things. Yeah, like a membership kind of thing. Yeah. All right, we got to talk cat world and national news. Well, we ponder that. Nancy Lyons is sitting by ready to do some news in our D.C. newsroom. Take it away, dance. Thanks, Carol. G 7 leaders are meeting in Japan this weekend. They've already
WTOP
"50 million" Discussed on WTOP
"You're 50 million. Now Thursday morning, welcome to WTO time now is 1242 glad you're with us. This is WTO P news. Now this morning to WTO returned to the latest in the war in Ukraine, Russia has stepped up its missile and drone attacks against Ukraine, killing students and other civilians. Moscow's forces launched exploding drones before dawn, killing at least 7 a student over Tory near Kyiv. In the meantime, Ukraine's president Vladimir zelensky, making an unannounced visit to the front lines this week. WTO national security correspondent JJ green with details. Zelensky went to the area where the heaviest fighting is taking place. President zelensky went to meet Ukrainian soldiers in the area of bakhmut. An adviser to Ukraine's minister of defense. Bakhmut is easily the most dangerous place in Ukraine. The city, the fortress of bakhmut that has been defending itself bravely and courageously for over 6 months right now. Zach said the visit was a real morale booster. Our president has shown a game that he's a true leader and afraid to stand so the shoulder with his army and this gives us all more inspiration and more determination to continue. This is particularly important after Chinese leader Xi's visit to Moscow, which everyone was focused on and less attention was paid to the continued suffering in Ukraine. Police in South Carolina back here in the states reopening their investigation were told into who killed Stephen Smith. He was then a classmate of buster Murdoch, the surviving son of Alex Murdoch recently convicted of killing his wife and other son, attention is focused now on buster, though the Smith family also wonders if Stephen was killed because he was gay. It was originally declared in the case an unintentional hit and run. CBS News correspondent Nikki batiste is following the developments of this story. No suspect was ever named, but rumors have swirled that buster riddle, the oldest son of Alec Murdoch was involved. On Monday, buster Murdoch spoke out for the first time calling those rumors baseless and saying I unequivocally deny any involvement in his death. It's a big deal. It was being pursued as just a hit and run. And largely forgotten until the Murdoch trial and that generated new interest. Nikki batiste, CBS News, New York
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"I'm Jon Tucker the stock market closed for the Thanksgiving Day holiday Earlier this week the U.S. announced it will release 50 million barrels of crude from strategic petroleum reserves in concert with countries including China Japan and the UK What is all this mean for the price of oil and gasoline going forward Let's say it's our next guest Stephen short the president of the short group in Villanova Pennsylvania Hey Stephen thanks for being with us Give us the history of releasing reserves Does it really ever have the desired impact that is lower prices Yes absolutely Let's keep in mind that the United States has never And I'm going to underscore never release barrels with the sole idea of lowering the price of energy Strategic petroleum is always created in the wake of the Arab oil embargo in the early 1970s And it has meant only to supply the market with oil from an unexpected disruption A pipeline explosion a war so forth It is never has never been used and is not intended to be used to lower prices So in this case The White House signaled weeks has been signaling over the last few weeks that it was prepared to release barrels from the reserve If you buy into the notion of an efficient market then the SPR barrels or the release thereof has had already been priced into the market prior to the announcement earlier this week that we are indeed getting it So I'm very skeptical that we'll see any sort of lower price from this one move Yeah and also it's an intervention essentially in free markets in the United States right That's kind of an anti market move really I'm a free market I really don't think any market is really free There's always going to be some sort of government intervention but this is so in your face Intervention and it's just not addressing the problem The United States two years ago was the largest crude oil producer in the world Certainly this administration we now is not a friend of the fossil fuel industry the industry had to scale back during COVID We are producing 2 million barrels a day fewer than we were a couple of years ago So if you really want to address the issue you would go to your own domestic producers here in the United States and you would encourage them and go into discussions and courage with them to put oil on the market But instead this administration has gone to OPEC It has gone to Russia It has asked them to increase production It has not asked our own producers to increase production predictably OPEC in Russia have decided not to put oil into the market they're acting in their own best interest They're not doing this They wouldn't put oil onto the market to improve the political ranking numbers of a political party here in the United States They are purely driven by economics and clearly their economics say that their incremental increase in production This is the way we want to go This has been now the rate of which the oil is being purchased and they don't see any need to put more oil onto the market Solely for political reasons With prices this time what happened to the Shell production in the U.S. I thought they would have stepped up to the plate and increased production Yes That is once bitten twice shy The shale industry in the United States went whole hog during the initial phases of the shale Gale in 2009 2010 They got decimated in 2014 when Saudi Arabia tanked the market then they came back They went whole hog again with production And then they got decimated and as I said they were up to over 13 million barrels a day The largest producer in the world and then once again they got decimated during COVID They are now listening to their bankers all of the people that have lent money to the shale to produce And it's more about shoring up your balance sheets than it is about getting more oil to the market Where price is headed When we look at 2022 the option activity that we're seeing significant amount of oil being bet on $100 I certainly wouldn't rule that out And in fact John last week a thousand contracts That's a thousand contracts It's a lot of oil on the ninja's traded by March that oil would be at $200 a barrel Now I'm not quite there but people in the options market are taking those gambles right now that we will see $100 oil and going forward yes We've had a retrenchment now back below $80 a barrel but certainly I could see once we get into next summer and demand picks up again ahead of the summer Certainly 90 and I'm not ruling out $100 oil going into next summer All right Steven That's your Thanksgiving gift.
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Morning Now with the latest news from New York City and around the world here's Michael Barr Tom Lisa cayley the U.S. will release 50 million barrels of crude from its strategic reserves and concert with the China Japan India South Korea and the UK as we've been talking about this morning it's an unprecedented coordinated attempt by the world's largest oil consumers to tame prices that could prompt the backlash by OPEC The White House says of that amount 32 million will be released from the U.S. strategic petroleum reserve as an exchange over the next several months while 18 million will be as an accelerated release from previously authorized sales A Biden administration official told reporters today that barrels would begin moving as early as mid to late December The select House committee investigating the January Ryan at the U.S. capitol as subpoenaed another round of boldfaced names including a longtime confidant of Donald Trump Lori Levinson is a former federal prosecutor and a professor at Loyola law school It appears that the House select committee has turned up the heat even more today by issuing subpoenas against close Trump allies including Roger Stone and Alex Jones and several others The House committee is looking into the January 6th capitol insurrection And wants to know who organized planned and paid for it They believe that some of these individuals particularly stone might have known ahead of time about the attack on the capitol Former federal prosecutor Larry levitz says a total of 5 people were subpoenaed Jury deliberations are expected to begin in Brunswick Georgia today in the trial of three white men accused of killing him Aubrey who was black a defense attorney called Aubrey a recurring intruder prosecutors claim Aubrey was targeted because of his race A candlelight vigil was held last night in March of Wisconsin after the driver of an SUV plowed into a Christmas parade Sunday killing 5 and injuring dozens Police say the suspected driver of the vehicle 39 year old Darryl Brooks will be in court today According to authorities Brooks left a domestic incident just minutes before the parade tragedy Live from the Bloomberg interactive broker studios This is global news 24 hours a day on.
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"Right let's get back to wold the national news over to Nancy Lyon She's in our 99 news room in the nation's capitol heinous Thanks Carol The U.S. is preparing to dip into his strategic oil reserve at the same time as several key allies The announcement could come as soon as tomorrow sources tell Bloomberg news President Biden is considering a release of more than 35 million barrels of oil from the strategic petroleum reserve over time though they say the situation is in flux and plans could change we're told the U.S. could make the move alongside India Japan and South Korea It would be an unprecedented effort at global coordination after OPEC and its allies rebuffed calls from the U.S. to boost its own oil production In Washington I'm Nathan Hager Bloomberg radio Germany's latest surge in COVID-19 infections is worse than anything the country has experienced so far That's the word from Chancellor Angela Merkel who is calling for tighter restrictions Germany's health minister Jens spahn has his own take on the situation Probably by the end of winter Everyone in Germany it might be cynical to say will be either vaccinated cured or dead But that really is the case This is very possible with the extremely infectious delta variant Spahn says he's rushing out an extra 6 million doses of the Pfizer BioNTech vaccine neighboring Austria went into its fourth national lockdown today The Biden administration is expected to announce this afternoon It's investing one and a half $1 billion from the coronavirus relief package to shore up healthcare access and underserved communities and incentivize healthcare workers to work in those communities Global news 24 hours a day on air and on Bloomberg quick take Powered by more than 2700 journalists and analysts and more than a 120 countries Even.
Bloomberg Radio New York
"50 million" Discussed on Bloomberg Radio New York
"COVID-19 has changed how we live and how we feel But now there are vaccines and they are the first step that lets us get back to the things we miss most like spreading the word without spreading concern Girls tripping instead of solo sipping and talking smack with the side of Mac and cheese It's okay to have questions about COVID-19 vaccines Now get the facts Visit get vaccine answers dot org so you can make an informed decision when COVID-19 vaccines are available to you Brought to you by the ad council Your business landscape is ever changing There could be a lot more selling to come Ours is too It's just going to some headlines want to bring to our audience The president saying that this is a pandemic of the unvaccinated We have something else in common The small caps continuing to feel the pressure We seek out the latest business news wherever we are but deep drop in Asian equities overnight Let's bring you some breaking news in terms of earnings Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening This is balance of power on Bloomberg television and radio I'm David Westin For Bloomberg first word news we go now to Mark crompton David thank you In Germany a warning on the coronavirus From Chancellor Angela Merkel Bloomberg's learned she told officials from her CDU party that the latest surge in infections is worse than anything the country has experienced so far Chancellor Merkel added that hospitals would soon be overwhelmed unless the fourth wave of the virus is broken Prime minister Boris Johnson says nothing in the pandemic data shows the UK needs new Kurds and that he expects people to resume working in their offices rather than stay at home as they have during the pandemic I know that there are some people who think that working habits have been remade by the pandemic and that everyone will be working only on Tuesday and Wednesday and Thursday in an accident that I won't repeat I don't want to be dogmatic about this But I have my doubts And it's not just that young people need to be in the office to learn and to compete and to pick up social capital Prime minister Johnson addressed the virus protocol during a speech with business leaders at the confederation of British industry conference President Biden is preparing to announce a release of oil from the nason strategic petroleum reserve in concert with several other countries as soon as tomorrow Bloomberg exam Marie hordern has learned that the U.S. could release more than 35 million barrels over time as the president tries to lower gas prices The move likely in conjunction with India Japan and South Korea would be an unprecedented effort by major oil consumers to tame prices Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and over 120 countries I'm Mark crumpton this is Bloomberg David Thank you so much.
KIRO Radio 97.3 FM
"50 million" Discussed on KIRO Radio 97.3 FM
"Does not afford even the simple a simple treatment. The Covid patients worried about infecting his family. He lives at the Queen Clinic. It's the first line of defense against the virus for the local community. The fact that the U. S is already vaccinating Children. Is cause for hope, he says. It's just that that hope is not for him. You know that there is something that can assist you that can save more lives. But you can't Access. It's so painful. It's like We live in another world, The country has already exhausted its meager supply of vaccines just over 30,000 health workers have received their first shot. Caramel was not one of them. If wealthy nations are able to vaccinate Children, they should be sharing excess doses believe South Africa's pandemic advisor Dr Salim Abdul Karim. To me, it's unconscionable. The country vaccinates Lotus people when a whole part of other countries, especially in Africa, haven't even vaccinated their healthcare workers. That's an unacceptable and ethically and immoral. The unacceptable situation. Africa has only received under 50 million doses compared to the over two billion administered worldwide. And there are enough vaccines to tackle the global shortage right now is ahead of Africa's CDC, John linking the song so we are not actually begging for bats. We're just seeing less of an arrangement where Can delay your vaccines a little bit. There's absolutely no reason why In some countries you have four or five times more vaccine. Sitting in deep freeze is the enemy. He reminds us is.
KOA 850 AM
"50 million" Discussed on KOA 850 AM
"Monday. Anything on your mind. Give us a call. We can do open lines right now and talk about things you want to talk about. But you've got to jump in quick because I'm not going to sit here twiddling my thumbs. I do have one thing in mind. I'll kick off, but I'm more Then willing In fact, I am delighted to take up some of your issues that number three Oh 3713 85 85. There's a member of the Aurora City Council by the name of Dave Gruber. He's an at large member, Davis, retired Air Force colonel. An Air Force Academy grad who worked as a space and cyberspace corporate executive before running for office, and he's a smart, experienced level headed guy. Well, there's a tug of war in Aurora on the City Council. Between a faction of sensible conservatives and moderates and some Bernie Sanders types progressive left wingers. And I'm afraid that the lefties are winning. That battle was fought in Denver and the reasonable people in the Denver City Council are now in a distinct minority and never City council is populated by people. More left wing than Boulder. If you can believe it, so he had a piece in The Denver Gazette recently. Stating his opposition to a resolution that was proposed and passed. Incidentally, let me just read from it, and then I want to build on it. The Euro City Council in this piece that, uh, the Denver Gazette talked about and referencing Dave Gruber recently passed. Housing is a human right resolution. Three other members and I voted against it. That's Dave Gruber, who was doing this guest piece. Let me explain my concerns. And first of all, understand that a resolution. It's not like an actress statute. It's just A statement of position a viewpoint but it has no force of law, whether it's in Congress or the Roar City Council, but it is setting the stage for something they want to do. Later based on that resolution, if the resolution can be treated as a direction to move ahead So, Dave Gruber said the resolution itself was poorly written reference that housing is a Human Rights act, which is not an act at all. That is a draft bill that has not passed a single house of Congress that's at the federal level. It also claims support for quote the concepts and principles of housing is a human right without defining a single concept of principle. Regardless of the resolution, I would have voted against it simply for those technical deficit difficulties. With such a poorly written resolution. The real question is what we're my progressive colleagues trying to accomplish. Clearly, they needed a bumper sticker phrase to influence public policy. Another relevant question is what is a right Well. The declaration of Independence defines life, liberty and the pursuit of happiness as rights created granted by our creator. The constitution goes further. In asserting the rights of freedom of speech, assembly, religion and others in caps. Elated in the bill of rights, our founding fathers were quite clear that these rights are not granted by government. But in fact the Constitution states Congress shall make no law to limit any of these God given rights, individual rights, so What is the difference between the Constitutional rights Council members swore to uphold when they took office. And this new so called human right? Which suddenly becomes a collective right? Human right is granted by the government and requires government control to give this right to one person. The government must take property from another. This is the opposite of the rights of our founding fathers. Constitutional rights. Protect Americans from the government. Human rights require government takeover and of course, our founders wrote up that constitution precisely. To limit government. That's why my progressive colleagues, says Dave Gruber. Need the bumper sticker phrase to achieve housing as a human right. The government must take control of the housing sector of the economy. Ultimately The government can then mandate would have developer builds on their land. It can mandate the sale price of a house. It can control what apartment owners charge for rent. I'll add to that and doing so they can also dictate dictate discounts for whichever favored so called underserved groups. Need to pay or will be will be paying lower rents under this kind of a program. I can tell you stories about rent control in New York, which is an institution and has been for decades and growing up in New York. I saw the worst results of that. If I have time, I'll tell you that story later and part of it. Benefited my parents. Ironically, But let me let me pick up the the challenge of Dave Gruber and discuss whether or not Housing is a human right or an individual, right? Three. Uh, At, uh, this time or that 50 million Americans are not permanently alright. Unable to obtain, uh Let me rephrase that. It is alleged that at one time or another that 47 or 50 Million Americans are not permanently unable to obtain health insurance. That is that That they're now to obtain it, but its extent whatever extent the number is, it's not permanent. It's an off cited sensationalized statistic, a snapshot at any one point in time, something akin to saying 50 million Americans may have a head cold at any point in time, but they soon get over it. The vast majority of people who find themselves, uh without Health insurance. Doesn't stay without health insurance very long. The Census Bureau has reported that more than 250 Americans, 85% of the population had either private insurance or enrolled in a government health programs such as Medicare. Medicaid or SCHIP. That's the state Children's health insurance program. The uninsured include those between jobs students just.
WSB-AM
"50 million" Discussed on WSB-AM
"New fast and furious Is that out in theaters? Or is it on HBO or something at nine up nine. I think it's out overseas. But then it's coming here next. It's getting kind of Lukewarm reviews. So this Vin diesel you've heard of him? Yeah, I've heard of it is I put my car by the way Vin Diesel outside of fast and furious And this is a real question. It's not a statement disguised as a question. It's a real question. I don't know. Outside of fast and furious Does he sell movies like outside of that franchise? Yeah. So that's a big one, right? Yeah. Okay. I fight in insects. Is that what you do? You fight it all you like a beekeeper? Something is the bad ass speaking another and another planet. Okay. All right. Very good beef. So this sets a planet of bees cricket. Turns out all the bees that are disappearing off Earth are going to the Vin Diesel Planet orbits the sock planet. The socks disappear in your dryer. There's all kinds of planets out there with all kinds of stuff that you could put on the side of a milk container. So Vin Diesel reportedly wants $50 million to return to fast and furious if they were to make an F 10 and I think that they want to make three more Esso is he If that's a lot like Hey, Vin Diesel. Here's the giving You $50 million. You're the only actor It's a one man show at that point, e used to make enough entire movies like member of Heaven's Gate. Oh, my God! They spend $50 million on this crap That guy had made the Deer Hunter never worked again. That would talk about $50 million for one actor. I saw the first fast and furious hotel room in Las Vegas. The lady I call just didn't show up. So I said, Okay, Apparently, that was wasted money. That must have been some sort of scam. Or maybe you were too fast and furious and she left. No lesson I learned was don't pay. Don't give your credit card information over the phone before the escort arise Anyway, Lesson learned. I'm there in Vegas. I'm in the hotel room and the fast and furious, the first movie. That's how long ago This was Was on and I watched it and I was really surprised. I didn't think I would like it if I thought Wow, this was actually a very entertaining movie. I really liked it. I never thought for a moment. That would be a sequel. A need for a sequel. I didn't think to myself. I like this so much. I want to know what happens next. There was nothing now they're you know, F nine And going strong, I guess, but Vin Diesel if they paid him, $50 million wouldn't be worth it. Yes, money than anything. So they make a time just to sell the big guy that's like a Z star. Okay, you just so you just You know when you say he died of cancer. How much is Michelle's brother? How much is Michelle agreed. Although she was great in the first one. She needs to make the same amount of its zone. That's right. Love Turn Avatar Equity equity. If he gets 50 million, she has to get 50 Million or else I'm not watching the next one. Now you may say, Eric, you haven't watched the last But I will tell you there's no chance I watch F 10 if this vin diesel I'll get your Rogan and there are other canceling him. I don't know. It just kind of a smaller version of in diesel case shows what you know? Yes. Been just accounting for inflation. That's what it is. You know, he knows that 50 million is what 20 million was a couple years ago. So you know, Couple years ago? Yes, there 50 Million is 20 million from some year ago. I don't know that it was like 2018 2 years. No, you It is planning ahead, though. That's what I'm saying. Then Diesel $50 million in your stories. His name Vincent. He saw these Guys that you hear these stories like people on the center told never to look him in the eye or something, you know, and the rock Everyone really proclaims as a really nice guy, Hey, was on once on a radio show that was like a really nice guy. He appears to be a really nice guy. I think he's the type of guy even if he's making $18 million on a movie. He probably like strikes up a conversation with the catering staff or something right. Like he remembers his roots. Hey, I smell your cooking Vin Diesel. I get the feeling that he's a complete opposite. So I say No, don't do it. The Timothy stories about this guy what Ellen has to answer for her behavior. But then diesel gets $50 Million speaking standard. Speak up, lady. Speak up, lady. That's what it's right. But then I'd be kind of defending. Ellen. Yeah. You shut the Fed, Alan. You should defend Alan. I like a she got older. She reminds me of one of my favorite characters. And that would be her be the dentist from Rudolph, the Red nosed reindeer. What is there not to love about Ellen? So what? She likes to get the job done. I got no problem with that. You write, then move on. What are we doing this? Let's do that. This'd is that trusting.
WBZ NewsRadio 1030
"50 million" Discussed on WBZ NewsRadio 1030
"Mind if you're traveling on 1 25 south on Of the rap to 93 South on remains closed off because of that crash we had last week. Laurie gratitude. Levi's ease traffic on the threes Thank you. Weather forecast with Dean Divorce, cloudy and cold Today We'll see some snow flurries. You could wind up with an inch of snow. Not much more than that, Maybe just a coding. Sleet and freezing rain can also mix in will be around the freezing mark in England's areas, But if you're closer to the water, it will be in the mid and even upper thirties, the snow the sleep. The freezing rain tonight will change to rein in Boston and along the coast, but inland it's going to continuous freezing rain and it could get very dangerous Winter weather advisory up tonight at seven o'clock until tomorrow morning at seven. Now, where is the concern? It's mostly to the north and west of Boston, the Worcester Hill So the New Hampshire that could be a significant build up of ice tomorrow otherwise for Boston, points out, that should be rain and temperatures in the upper thirties right now in Boston, with clouds were at 30 Degrees live local and fiercely independent. This is WBC news radio. Good morning. I'm Charlie Bergeron here. The five things you need to know at 7 15 Governor Charlie Baker ruling out, adding them or age groups to the covert vaccine distribution plan for now. A memorial service held for stone in high school soccer and tennis coach Jim Carino, a victim of covert 19, federal health officials say 50 million covert vaccinations have been given two Americans. 37 million. Have received their first shot 13 million, their second vaccination, and starting today, several ice rink in the Worcester area opening up for free Public skating. Three registration is required. With ex President Trump's impeachment trial ending in acquittal lawmakers on Capitol Hill now turning their attention to Kobe relief. CBS is Debra Alfa Romeo president Biden has said he is willing to compromise.
Newsradio 600 KOGO
"50 million" Discussed on Newsradio 600 KOGO
"Well, I just share with you a bunch of different proposals about stimulus checks and tax credits and for giving up the $50,000 in student loan debt, How we gonna pay for all this? Well. Senator Elizabeth Warren has just joined the Senate Finance Committee. And she says that she's going to introduce a wealth tax everybody who has a fortune of $50 million or more. Is going to pay a tax of 2% on every dollar over 50 million. Let's say you're worth 50 million bucks. No tax, But now let's say you're worth $100 million. You're gonna pay. And she's gonna have a surcharge, she says. For every dollar of wealth over a billion So my basic question to that proposal is How are you going to count it? I mean, it's not like most folks or billionaires have the money sitting around in a bank account or even a brokerage account. Their assets are tied up in real estate in business interests, and not always publicly traded companies where the price is well known. Ah, lot of these air closely held private businesses. How are you going to value it? What about all of their homes around the world? What about their yachts, their planes and their artwork? How are you a going to know the asset exists, and B, How are you going to put a price on it? So it just renders. I think a huge administrative challenge to figure all this out. But the point is, they're going like Willy Sutton to where the money is. New York State's doing the same thing. The Legislature and Albany is proposing a bill that will levy a 10% mansion tax. So if you want a big mansion in New York City, a 10% tax Oh, but how do you define mansion, according to the legislation, every residence in New York It is worth more. Than $300,000, and that 10 per cent tax. Would be an annual tax. In other words, over 10 years, you're going to pay as much in tax as you paid to buy the house. We'll have to wait and see if proposals like these Go through. And if you decide enough of all of this stuff I need to get out of Dodge. We'll go to Barbados. Barbados is offering a one year remote working visa. Applicants who warned $50,000 a year or more from an employer based outside the country. In other words, you live in the U. S. You're making 50 grand.
NewsRadio WIOD
"50 million" Discussed on NewsRadio WIOD
"The coldest day so far this winter for us here in south floor. Our top story that we're working on for you, including new information that we're learning about this week's killer in the FBI raid, But first we've got to check from the Estadio Insurance Traffic Center. Good morning. 5 95 West Bend before 4 41 that crash now clear, looking further south of Miami Dade 95 South Bend in Miami Gardens Drive. Car fire has the offering closed another wise move right in the term. Pipo Meadow in the dolphin. Your next update in 10 minutes. News ready of 16 w y o D And we're taking a look right now at Doppler radar just by the numbers. You just wanna crawl right back in bed under the covers 41 right now in Oakland Park. Opa locka checks in at 44 degrees, and it's only six. So one As FBI agents collected, analyze all the evidence taken from the center rise apartment where Tuesday's deadly FBI raid took place. We're learning about the target of their child porn investigation. Computer consultant David Lee Humor appears to have had a clean record of public record searches of 55 year old had some traffic tickets and was evicted in Colorado but had no criminal history. He started to computer consulting businesses in Broward County between 2004 and 2011 and work multiple computer jobs after that. He, his wife of more than 15 years, divorced in 2016 agreeing to parenting plan for their Children. It's believed he lived quietly in his sunrise apartment until agents approach with their search warrant, and he allegedly opened fire on them, killing two and injuring three others. Arc. Rodriguez News Radio six n w A L D, and as the FBI prepares to bury the two of their own. There is light. Two of the five agents that were injured in that rate are now out of the hospital. 603, Florida reporting nearly 7000 news coronavirus cases. 197 Additional resident deaths, however, were announced yesterday. Meanwhile, about 1.4 million people have received at least one dose of the Corona virus vaccine, and the federal government is looking to expand access to the vaccines. As the U. S. Continues to increase covert vaccination rates, there's a push to widen the availability of shots. White House Cove in 19 coordinator Jeff Scenes says. The next step is to create community vaccination centers across the country, which will vary according to the needs of the area. You'll see big centers in stadiums, sites and school gyms and community centers, mobile units and rural areas and out of bureaus, pop up sites in parking lots and other locations. He says. The Department of Defense is dedicating personnel and resource is to that effort. Thousands of National Guard members are also working to support vaccinations in 39 states, including 800 trained vaccinators. That's Fox is talking to J. Powers reporting coming up on 604. The house is going full steam ahead and taking the first step toward passing her covered 19 stimulus package with zero Republican support. Senate already took similar actions set up the eventual vote. Dams are pushing a nearly $2 trillion stimulus bill. No, no Republicans are wincing over the price tag. The House meal is set to vote today on sanctions against Republican Congresswoman Marge Retailer Green. Congresswoman Debbie Wasserman Schultz, introducing the resolution to kick green off the education and Labor and Budget Committee, saying she's dangerous advocating for violence, making repeated racist and anti Semitic comments and insisting the election was stolen from Donald Trump. She's engaged in sedition and spread baseless conspiracy theories, even claiming that the sandy Hook Elementary and Marjory Stoneman Douglas shootings were staged. Green says the effort will only result in retaliation for Democrats. Miami's three House Republicans haven't said yet algal vote, but Carlos a Menace and Mario Diaz Balart are not in favor of expelling her from Congress. When did Grossman NewsRadio 6 10 Wi OD 604 work underway to make sure that this year's Super Bowl in Tampa is a safe one? Hillsborough County Sheriff Chad Chronis Ter says numerous precautions are being taken before the big game. Ah, Homeland Security officials saying that there are no credible threats, but Agency will continue to evaluate intelligence and share information. With law enforcement boxer taking on the Kansas City Chiefs Sunday and Super Bowl 55 Super Bowl week, obviously getting underway. We'll be hearing from the commissioner of the NFL and the halftime act. NFL commissioner Roger Goodell will provide an update on the state of the league today in Tampa ahead of Super Bowl 55. Adele is anticipated to address the NFL's effort this past season to play through the covert 19 pandemic, as well as ongoing efforts to bring attention to social justice reform. The commissioner, not the only person addressing the media today, Grammy winners the weekend will speak to reporters ahead of the Super Bowl halftime show Sunday. Blinding light singer has sported head bandages for award show performances as a tie into his album after hours. No word If the gods will make an appearance today or Sunday at Raymond James Stadium, That is Fox is Matt Napolitano reporting and, of course, it seems everyone's.