35 Burst results for "8.9"
Survey: Majority in the West Bank Support the Oct. 7 Massacre
"They did an opinion poll. Revealed that a majority of in surveyed Palestinians Judea and Samaria support the October 7 massacre carried out by Hamas. And an even wider majority have a first factions. Wow. And this is after the massacres. Asked on their view of various entities, respondents answered overwhelmingly in support of the terrorist organizations. Now you know how mosque got elected in Gaza. Palestinian Islamic Jihad, that is the Muslim Brotherhood, with 84 the vote. % of Al -Aqsa martyrs brigades. These are vital terrorists, got 80 % of the vote. And Al Qasem brigades with the highest 89 %. Hamas got 76 %. Hamas just is not subhuman enough. So here they are, these four terrorist factions. Palestinian Islamic Jihad was supported by 80 % of the Palestinians. The so -called West Bank, that's Judea and Samaria. Al -Aqsa martyrs brigades, 80 %. Al Qasem brigades with the highest 89 %. Hamas, 76 %. Political bodies, the press and other less appreciated. The governing Palestinian Authority, only 10 %. Though the ruling party, Fatah, slightly higher, 23 %. Russia was the most positively viewed country with 40 %. Iran received 32 %. Britain got 3 %. We got zero.
A highlight from THE CHARACTER OF THE CHURCH
"Hi everyone, good morning. You're welcome to the Refiners Funnest podcast once again. Yes, it's a new week and we're praying the Lord's blessing, we're praying the Lord's favor, we're praying everything, I mean everything that the Lord has a portion for us, we're praying that it's going to manifest in our lives. And the Bible is speaking, I think in Psalm 89, it says, the Lord loads us daily, daily, daily with benefit and it's a new day and we are trusting that the benefits of the Lord will encompass the totality of our existence. Yes, and the Bible also speaking, and I think Psalms chapter 16, I think from verse 5, it said, the Lord is the portion, the portion of our cup and He, our inheritance, our inheritance is assured in Him. Yes, so I want you to understand that for every new day, for every new week, there is always something new from the Lord that has been apportioned to every believer, for everyone that believes in Him, the Bible says should not perish but have everlasting life. Yes, so I want you to understand that it's a new week and you should be expectant, that you should expect something good from the Lord, you should believe in God, yes, and you should have so much faith in Him that He's able to do exceedingly, abundantly, all you could ever ask or think of Him, no matter what you're passing through, no matter how you're feeling, no matter how, no matter what is happening to you right now, I want you to understand that the Lord understands, the Lord feels what you're feeling, for we have a high bridge, we start by what? The feelings of our infirmity, He was 100 % man, He was 100 % God while He was on earth, and I tell you the truth, He understands every bit of things you're going through, He understands how you feel, He understands man, believe me, He understands everything, and I want you to have that faith in Him that there's nothing He cannot do, the Bible says, come unto me all ye that labor and are heavy laden and I will give you rest, it was an assurance of rest, just come to Him and there is rest assured for you, yes, there is rest, I just want to encourage you this morning, I just want to let you know that there is everything planned out, I mean everything has been planned out for you, I mean from the Lord, and please do not relent in your pursuit, do not relent in your services, do not relent in everything you can do for the Lord, because I tell you the truth, I tell you the truth, the Lord cares about you, the Lord loves you, the Lord is thinking about you, I said the thoughts I have for you are of good and not of evil, is it to give you an expected end, yes, the Lord knows that you have expectations, the Lord knows that you have plans, I mean the year is coming to an end, the Lord knows you have plans, and I tell you the truth, God cannot be wrong, God cannot be late, no matter what you're feeling, no matter how you're feeling, I just want you to understand that God cannot be wrong, okay, alright, I'm your host, Ben Niza Basi is my name, and today I trust the Lord to touch our heart, I hope you understand that, whenever we come to this platform, whenever we come here, we are trusting the Lord to revive our heart, draw us close to him, and you see, the Refinance Finance Podcast is a medium where the stairs of revival, intimacy and transformation will consistently stir the heart of men back to God, and if we are not doing that, it means that we are failing on the mission God has given to us to, I mean, execute, okay, so I trust that our heart, our heart will be consistently stirred to God, and that we will be revived, we will be transformed, and most especially we will get intimate, I mean, extremely intimate with God, yes, so today I, I don't know, I've been thinking within the week, I think something happened last week Sunday, I mean Monday, I don't know, and last week something, a lot happened, and I'm trying to, you know, still get over it, but you see, it is better I share things, I mean, a lot of things with, with, with us here, so that, you know, I trust and I believe that the heart of men are, are getting, are getting revived on, on daily basis, I trust that the heart of men is getting revived on daily basis, and the essence of this podcast is, is most especially for me to, to share some of the dealings of the Lord I'm permitted to, you know, personal experiences I'm permitted to, and even the things that happen around us relating to, to Christianity, as relating to our work with God, and the aim of this is not to castigate or, or make a joke or a caricature of anyone, but we are hoping and trusting that at the end of your paying attention and listening to the podcast episode that your life, your life can be transformed, your life can take a new shape, and your heart will eventually born for the Lord immensely.
A highlight from TOP Crypto Pick For 2024! (3 Low Cap GEMS with 20X Potential)
"Injective protocol, can it reach $100 per token? This project's been on an absolute tear over the year, up over 500%. So here's everything that you need to know about this protocol and why it could change DeFi forever. It's time to discover crypto. So what is Injective and why has it been pumping so much? Injective is an interoperable layer one blockchain optimized for building Web3 finance applications like decentralized exchanges, lending and borrowing protocols and derivatives markets. It is built on the Cosmos SDK, aka software development kit, and its Tendermint consensus architecture, which gives it fast and cheap transactions, as well as make the blockchain interoperable through the use of the Cosmos IBC protocol. It also uses Ethereum virtual machine compatibility. Injective is attempting to bring the low fees, speed and cross -chain trading of centralized exchanges into a decentralized permissionless environment. It was the first Cosmos blockchain to offer fully decentralized order book infrastructure. Now, Injective was founded back in 2018 by Eric Chen and Albert Chan, who now serve as the CEO and CTO of the umbrella company Injective Labs. They were first backed by Binance Labs. They then went on to raise over $50 million in three funding rounds. First in July of 2020, where they raised $2 .6 million in an initial seed round. Then they raised $10 million in an April 2021 funding round. And finally, they added an additionally $40 million to the pot with another funding round in August of 2022. They also did the Binance Launchpad in October of 2020, where they ICOed, selling 9 % of their total supply for 40 % of the tokens. Then in 2021, they released their mainnet and launched their smart contract platform. Injective has investors like Binance, Pantera, Jump Crypto, Mark Cuban and many more. Ignore Mark Cuban's NFT plays. The Injective blockchain holds decentralized order books, which provide liquidity to the DEXs, a trade execution coordinator and a bi -directional token bridge and EVM execution environment. Any DAP that is built on the Injective blockchain has access to all of this. And the blockchain is public, so anyone can build a DAP as long as it's approved by the governance. While some DEXs use an automated market maker formula to manage liquidity, Injective uses an order book model that is similar to centralized exchanges. This means that the DEX on Injective doesn't need gas fees, so users only have to pay market maker and taker fees using INJ. That is where the utility of the token comes in. There are tons of applications in the Injective ecosystem, but we're going to be just going into a few. Injective's most popular DAP is a cross -chain DEX called Helix, which stands out from the crowded DEX landscape by offering unique features like zero gas fees, stop -loss orders, trading history and reward tracking. These elements give Helix the positives of a centralized exchange with privacy and safety of a decentralized environment. Helix can natively support a ton of assets like Cosmos, Ethereum, Solana and Polygon, and has an easy -to -use interface where you can connect a self -custody wallet or send your assets to your Helix portfolio. And people seem to like using Helix because it becomes one of the fastest growing decentralized exchanges since it launched in September of 2022, when it reached over a billion in cumulative trading volume after just one month. So make sure you smash that like button if you're an INJ holder. Not only have you seen a 500 % growth year over year, you guys continuously change DeFi in a positive direction. Currently, Helix has over 13 times that cumulative trading volume across all its spot and perpetual markets. And Helix just launched its pre -launch features feature, which allows users to trade futures on tokens that haven't even launched yet. Now, this is probably part of the reason Helix is pumping, because this additional service allows users to speculate on upcoming coins without having to gain access to pre -sales or launch pads. Helix has marketed this as an attempt to level the playing field for the general public since venture capitalists and wealthy insiders are typically the only ones who have early access to projects. Now, what else is in the Injective ecosystem? Mito Finance is another one of Injective's popular applications. Mito Finance is a DeFi trading platform that aims to democratize finance and increase profits through automation. Mito utilizes smart contracts to bring algorithms typically used by institutional investors and hedge funds to the common man. You just sign up for a vault and earn rewards, and Mito also has a launchpad that makes token creation incredibly easy. Now, while that might not be my favorite application, it is true. Institutions utilize medbots and have ways they can profit that retailers will never be able to access in their lifetime. Thanks to yours truly, Gary Gensler, regulations get harder and harder for retail traders over time. And then there's FrontRunner, which is a decentralized sport prediction market. What's cool about FrontRunner is that it allows traders to buy and sell shares of sports propositions the same way you would buy stocks. Now, you could buy and sell these positions in real time as the odds change. Like I said, there's a ton to explore in Injective's ecosystem, so go to their website and see what you want to learn about more. Since its launch, Injective has been chugging along with one improvement after another. In January, Injective launched a fund of $150 million to accelerate the interoperability between blockchains to enhance DeFi adoption and expand its ecosystem. The following March, Injective launched a testnet for Solana -based apps. And then just a few months later in September, it released a testnet for its EVM layer. This is a two -part solution that will allow Ethereum applications to now natively run on top of Injective. The other piece of exciting Injective news is that Injective will integrate into Google Cloud's analytics hub, joining the ranks of major layer one blockchains like Bitcoin, Ethereum, and Litecoin. This means that anyone using a Google Cloud server will be able to interact with the data across the Injective network. CEO and co -founder Eric Shen said that the Google Cloud team has played an integral role in the growth of Injective since its inception, and that this latest collaboration will help take Web3 as a whole to new heights. Now, all of these developments have led to the price of Injective just going through the roof in the past few days, going between $7 and $8 at the beginning of October to now nearly $17 in just last week. So if you're an INJ holder, congrats, because your bag basically just tripled. Now, what's interesting to me is that while other crypto projects are struggling to regain just a quarter of their previous market cap all -time highs, Injective has already shot past that halfway point and isn't approaching a brand new all -time high. So this makes me wonder, is Injective not only going to break its all -time highs while we're still coming out of a bear market, but is it going to just surpass them and show significant gains coming over the next month? Other than being a great investment vehicle, what are other use cases for Injective? The blockchain uses a proof of stake model, so staking your INJ can help secure the network, and currently staking rewards are pretty sweet. Coming in at just over 16 % APR, you get to choose one of their 126 validators and start earning free INJ. Currently, there are almost 45 million tokens staked, about half of the circulating supply, and now remember that staking never comes with zero risk. So make sure you do your own research and don't go to staking your savings. Now perhaps one of the best reasons behind the INJ pump is going to be the tokenomics. Over the bear market, their vesting schedule released the majority of the supply into circulation. Now seeing roughly almost 89 % tokens in circulation, this goes to show that there's not a lot of dilution moving into this next bull run. So if we have all of this development, all of these DeFi applications, and all these integration, that means we can see INJ continue to push to new highs without seeing VCs and insiders dump on retail. Now other use cases include governance, and if you have a stake to INJ, you get to vote on new applications and the direction of the blockchain. INJ is also used for protocol fees, as well as developer incentives. Now there is one thing we need to be cautious about. The total supply could still potentially increase over time, because Injective uses inflationary emissions for block rewards. Currently, the block time is 0 .82 seconds. The inflation rate started at 7 % with a plan to decrease that rate in 2 % over time, but Injective also has a unique burning process that basically ties the percentage of INJ burn to the popularity of the protocols on its blockchain. So if Injective gains more and more adoptions, there's a chance that the token will become deflationary in the future. So what we need to be cautiously optimistic about is, is this inflationary pressure going to dilute the tokens moving into this next bull run? Because like I mentioned, there is not a lot of dilution coming from the early vesting schedules. So if we get burning mechanics on top of that for more development, I don't know what the right word is, but pomponomics is the kind of what comes to mind. So what makes their burning process so unique? Injective collects 60 % of the fees its platform receives from the users and puts them into a weekly auction and burn fund, where it invites people to make bids on those fees. Bidders have to buy the native token, INJ, and use that to make a bid on the assets that are on the auction block. Then Injective burns the final bids. This decreases the token supply and also drives demand for the INJ token. I know this is a little confusing, so imagine Injective auctioned $1 ,000 worth of an asset, and the highest bid ended up being $800 worth of INJ. Whoever won that bid would then have an arbitrage opportunity with the assets they've won, and Injective would then burn that $800 worth of INJ. This is why the level of Injective deflation is directly linked to the popularity of the protocols that use its on -chain order book. So what do you guys think? Do you have Injective in your portfolio? Do you think this is a pump and dump, or will INJ keep flying to the moon? So make sure you turn on those post notifications, leave a comment down below, and let us know your thoughts. Is Injective Protocol going to change DeFi forever? See you at the top. Thank you.
Monitor Show 16:00 10-31-2023 16:00
"The world is more complex than ever, but that complexity pushes me to look at the bigger picture. I'm Emily Chang, and I cover tech, culture, innovation, and the future of business for Bloomberg. At Bloomberg, reporters like me dig into the context of a story, so you understand how it impacts you. Because context changes how you see things, how you change things. Context changes everything. Start watching my shows and more at Bloomberg .com. As we count down, you know, we have what, eight, seven seconds left. It's going to be an update, the S &P 500 finishing about six -tenths of a percent higher, the NASDAQ about half a percent higher, the Dow also getting in on the action up about four -tenths of percent. So small moves, Carol, you know, in the grand scheme of things, but still a positive day. Yeah, the Bulls will take it, right? Whatever they can get right now. Having said that, S &P 500, you've got most names, Scarlet in the index, higher today, 412 to be exact, 89 to the downside. You look at the NASDAQ 100, 80 names are moving higher in today's session, 21 losing a little bit of ground here. Yeah, we're seeing some market breadth, right? You look at the breakdown in the S &P 500's 24 industry groups, and even though you only have a gain of about two -thirds of one percent, all 24 groups are in the green. Media, entertainment, basically little changed. Real estate investment trusts at the other end up by almost two percent. All right, so let's get to some individual gainers as we wait for some of those earnings to cross the Bloomberg. GE Healthcare Technologies, remember, they were spun out from parent GE earlier this year. This stock really soaring in today's session, up about 5 .4 % off its highs of the day, but nonetheless, an outperformer number one gainer in the NASDAQ 100. And earnings beat and it boosted the lower end of its profit guidance for the full year. It's up about 12 % so far this year. Arista Networks, it's a networking communications company. It was also among the outperformers hitting an all -time...
Monitor Show 16:00 10-27-2023 16:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. The television program, guys, about just the share reaction. I mean, they were already down even before the latest news here, but you're talking about, you know, a 4 % to 5 % loss on GM on the day. And Ford, last time I checked, was actually on pace for its worst day, going back to 2011. Down 12%. A Dow Jones Industrial Average not having a great day or a great week, down about a percent on the day, back down around 32 ,400. The S &P 500, another close below 4 ,200, down 20 points, or about five -tenths of a percent here on the day. And the NASDAQ composite actually holding on to some of its gains here, up about four -tenths of a percent on the day, though we should point out still in the red on the week. And the Russell 2000 not gaining any traction. That is your laggard for the major indices down 20 points, or 1 .2%. Yeah, risk off certainly for the week overall when it comes to the equity trade. Having said that, Scarlett, I'm looking at the S &P 500. You know, this is the day. Most names down. 414 to the downside in the S &P 500. 89, though, actually gaining ground. I'll get into some of those. And you've got none unchanged. But you've got the major industry groups. And the industry groups really highlight how the Magnificent Seven are the star performers in today's trade. You look at the gainers here. Retail, that's Amazon. Semiconductor equipment makers, that's Intel. Tech hardware and equipment, media and entertainment. Magnificent Seven all represented there. On the downside, there's, I mean, pick your poison. You've got banks off by more than 3%, pharma companies.
A highlight from When Will Bitcoin EXPLODE Next Year?
"There are a lot of things that are going to come to the head that I think is going to accelerate Bitcoin to all -time highs, past all -time highs. I think we'll go for the... As transparent as Bitcoin looked, it made me skeptical, right? I think I got in about $87, $89 of Bitcoin. This is why we still say it so early. The cat is out the bag. It's going to be one of these coins. There were signs to tell you Mt. Gox was going down. Where do you see the market going between now and July next year? What's up everybody? Good morning, good afternoon, good night. Wherever you're tuned in from, welcome to BitLab Academy. We're going to be diving into a conversation with a friend of mine in the space. I've been watching him for a long time. Mr. Crypto Blood himself. How are you doing? How are you feeling? How the hell did you get here to Atlanta? What are you doing here? I just kind of stumbled upon this great city that you guys have. Great traffic. Primo. Love it, love it. But it's been fun, man. The tour, you guys got like 32 ,000 square feet of space. It's insane. I didn't think it was going to be like this. Content factory. We were happy to have people like you here, different creators. For those of you that don't know Crypto Blood, he's one of the people among the first few content creators that I started following and watching in the space years ago. You've been doing this since 2017. You're among the first. I guess. I don't know. There's only a handful of people. I guess they're only. So you're right. When I got in, I was looking at Andreas Autonopoulos for a lot of info. I got into, started the channel because I wanted to just express my happiness that I finally got my dad into crypto. I've been begging him for about three years. Almost as long as I have been in it at that point. So like in 2014, after playing with it, getting an understanding of what's going on. I'm like, dad, I was telling everyone, actually, my peers and my guys, I smoked cigars with and that's back when everybody still thought we were crazy. We're talking about it. It wasn't until post 16, 17, 17 for, for about six months. And then the market crashed. And then it was, you're crazy again. And it took, it took all the way until around March after March, 2020. You're right. Until it started being okay to talk about without looking at you cross -eyed. Look on CNBC every day. Cause I always watch CNBC in the morning, trashing it Bitcoin back in 2013, 14, 15, 16. It was a kind of toggle. Yeah, it was good. Then they'll switch, you know, the Jim Cramer, you know, go back and forth, flip -flop and then as a, you know, you get into 17 now the narrative is changing. But in the early days, man, it was just, I would just shake my head. Cause I knew this technology was game changing. And so, yeah, I started the channel just as a first upload, just excited telling everyone I was going to tell my dad or show him, I should say how to set up this crypto. That's an exciting story. I think for each one of us, as we go through our own journey, we all in different aspects of our life have that aha moment ourselves. Yep. We feel a little bit crazy, but we stick with it long enough. If we do stick with it long enough, we achieve either some sort of success or some sort of comfort in the knowledge that we do have really seeing it broadcast out into the future and forecasting what can happen and then being able to share with somebody else. So before we go any further, I just want to let everybody out there. Know one, we appreciate you being here and I'm happy that you're here with us. Make sure you hit that like button, hit the subscribe button, drive the crypto engagement out because it doesn't just help this channel. It helps crypto blood channel helps. It helps crypto in general. So I wanted to ask you, because you've been in, you've been in a little bit longer than I have. And for anybody out there, whether they've been in a week, a month, a year. Just curious, we're going to be going through a little bit like what your origin story was getting into crypto and then a couple of the key lessons you learned along the way. So how about we just start that? What brought you to crypto and why did you stay, especially early on when it was such a questionable thing? What gave you that? For people to understand, like my background, I come from a technical background. I went to school for software engineering. A lot of people may not know that. Like I know how to program and things. And also I've always been into trading finance. I told you earlier, Forex is something I've been into very deeply for many years. So when I saw the concept on zero hedge, I immediately, literally, Kelly, I went that night. It was one o 'clock in the morning, got out the bed, went up to CVS.
A highlight from Guy Young: Ethena - USDe Synthetic Dollar via Delta-Neutral Staked Ethereum Hedging
"Welcome to Epicenter, the show which talks about the technologies, projects, and people driving decentralization and the blockchain revolution. I'm Felix, and today I'm speaking with Gai Yang, who's the founder and CEO of Ethina Labs. Dina is building EUSD, a delta neutral stablecoin backed by Staked Ether. We're going to dive into what that all means, but yeah, first of all, welcome, Gai. So glad to have you on. Yeah, thanks. Awesome. Yeah. So generally, we start more about your personal journey to crypto, you know, Epicenter is mostly about kind of how did people get into the space, what were their vision or why they're trying to work on future of decentralized finance. So yeah, when we start there, how do you like learn about crypto and get into the space and what did you do before? Yeah, sure. So before crypto, I was working at a hedge fund in the US. They focus primarily on financial services. So we're investing into everything from banks to insurance companies, specialty finance, and that was across the capital structure as well. I had a friend who was a DeFi founder back in 2019, introduced me to Ethereum and to DeFi back then. And it was just something that was immediately interesting to me. And I was investing into it on the side of my day job all the way through until when Luna collapsed. And it was when Luna went down, Arthur came out with his sort of thought piece around how we might think about a more secure and scalable crypto narrative step coin. And that's how we sort of landed with the idea of Athena. Yeah, that's a really interesting post there and sort of origins with Arthur's post and also like he's a founding advisor to Athena. And in the post, if you look through it in the ad, it actually says, right, if I find a team that does this, let's do it. So that recall you guys found each other there, I guess, we'd be curious to hear actually how that went down. Did you reach out to him? You started building it and then later when it had some shape, you were like, hey, Arthur, it's happening? Yeah, that's exactly right. I thought we wanted to flesh out the idea a bit. So you actually had a bit of a game plan and architecture behind the whole thing and a business plan that actually made sense that he could get behind rather than just sort of putting our hands up. So we put that together, had this sort of design and everything ready to go. And then had a connection into Akshat, who's the guy who's running his family office Maelstrom, had a few calls with them and then got introduced to Arthur directly there. Awesome. Yeah, that's pretty cool. So I also like, I guess, for our listeners, I think many people know Arthur Ace, right? It's like BitMax founder and like a sort of person that's very famed in the crypto space around macroeconomics and trading in general. And he wrote this post called, actually, I don't know, Dust on Crust, I think. It starts about skiing and kind of draws parallels to the crypto space. I think in general, Arthur is a pretty great writer. So I recommend reading some of his blog posts. And it goes into this idea of the NACA dollar, which is essentially sort of a new type of stablecoin that he was thinking about that is based around derivatives and sort of hedging out the price risk of cryptocurrencies. But we'll get into that. I think I wanted to start because I guess stablecoins, like huge topic. You also already mentioned Luna there, right? In general, stablecoins seem to be one of the kind of use cases of crypto that has gotten the most traction. So yeah, I wanted to kind of get your view of the history of stablecoins in the space. What did you find interesting and what was lacking, like going from DAI and these sort of like more centrally backed stablecoins? Can you just kind of talk through a bit how you were thinking about stablecoins before you started Ifti now? Yeah, sure. So the history of stablecoins goes all the way back to Tether and it was originally called Realcoin back in 2014. And then they launched officially as Tether on Bitfinex back in January 2015. So that really the key innovation there was a lot of the crypto businesses that existed were really struggling with banking relationships and being able to off -board and to interfere. And really the only innovation that they had there was if Tether could get the right banking rails set up, you only really needed them to be able to do that as sort of an off -ramp to the real world. And then everyone else within the crypto ecosystem could rely on Tether as transactional money within the space. And so that was really the first use case, which was just a trading pair on exchanges. And it's obviously evolved pretty significantly from then onwards. After that, I think actually the origins of Athena was probably the next example of how a stablecoin -like asset sort of surfaced. And so it was actually on Bitfinex where everything was BTC denominated. So single every instrument that in order to margin the derivative required Bitcoin as the collateral asset. And so if you wanted to get into a flower position, they got a short inverse perpetual against that BTC collateral. And that would in effect create a synthetic gold position out of those two things and ending off. And really that's kind of the origin of the Athena story, which is what we're trying to do is tokenize and export that as an actual product rather than just a trade that was sitting on Bitmax. Since those days of Bitmax, I think you saw a few different evolutions going away from the centralized model of stablecoins. So you saw MakerDAO and originally it was called SAI with single collateral being ETH and then move to DAO, which allowed different collateral types to come in there. At a very basic level, what was happening is you're putting up collateral on one side and then you're able to borrow the stablecoin into existence on the other. Really the key moment though for MakerDAO was in the March 2020 crash where the system basically became insolvent with what happened with the price crash in ETH. And in order to actually remedy that situation, they needed to onboard USDC as a collateral asset there. And so I think really that changed the course of history for MakerDAO where they sort of made the decision that they were going to take on centralized assets and that fundamentally sort of changed the actual profile of DAI as an asset going forward. And now you sort of look at it and it's more than 50 percent centralized assets, whether it's or RWAs USDC sitting in there. And then we obviously get to Luna. I think everyone's pretty aware of what went on then, happy to sort of jump into what we think went right and wrong there. But I think it's a pretty well spoken story at the moment. All right. Yeah, totally. I think very interesting to hear that I guess on BitMEX there was already this product there, but I guess it was only on the exchange, right? It didn't make its way into on -chain or DeFi. And that's sort of what you were after, since that also has evolved a lot. So it goes back quite far, which I guess most people maybe don't know. I think you were also mentioning in some of your materials the stablecoin Phrylema. Can you sort of expand on what's the trade -offs that stablecoins generally make and then how Athena fits in that? Yeah. Well, I think Trilemmas are used quite a bit within pitch decks in crypto, I think to make up problems and pretend that we're solving them to get a capital raise. But I think actually the Trilemma as it relates to stablecoins is actually a very real one. So the basic idea here is you've got decentralization, scalability and stability, and you only can really have two of those three components. We personally think that it's a pretty unhelpful sort of definition of the world where if you're focusing on these words, which are just very broad, like decentralization and scalability, it's quite unhelpful to actually say, are you actually attaining those qualities that you're actually after? And so for us, we're trying to think a bit more deeply about what are the more narrow qualities of each of those three pieces that we actually want to try and retain within our product. And what we arrived at is within this decentralization phase, what is actually the base that you're trying to solve for here? And that is actually having censorship resistance. So for us, that meant you don't want bonds or real world assets sitting within SPVs or banking structures in the real world, which a regulator or some of the entities can come in and shut down in the space of the day. And so for us, that was really the piece that we were trying to unlock. And it's something that was echoed in the sentiment of Arthur's piece, which is you're not actually trying to create a purely decentralized stablecoin because I don't actually think that they exist in reality. What you're trying to do is create a stablecoin, which is independent of the fiat system. And that's actually the quality that you're going for. So for us, yeah, like I said, it's a more narrow definition that we're going for. I don't think we've solved anything when it comes to the trilamor that's sort of presented as it is. But we are more narrowly defining what it is that we're trying to achieve. And in doing so, I hope that we're just presenting something that's honest to our users in terms of the type of trade -offs that we're making. Let's get into this in a sec. I think another one that's very common, like fear or concern in the stablecoin space, especially around Tether, is sort of this transparency angle. Is that kind of related to the censorship resistance for you or how do you think about that? Since I guess in Tether's case, many think, is the backing actually there, there's not enough audits? And yeah, is that something you're addressing as well? Yeah, 100%. So I think we felt like we weren't leveraging the openness and transparency of DeFi within our product. We'd be doing our users a massive disservice with the way that we put it together. So it does look slightly different here because we are leveraging centralized liquidity to put on the hedges. And we can jump into the reasons for that later on. But what you do have are wallets where you can see where the collateral is actually sitting. And then the corresponding hedges that offset that collateral, you can obviously just have a read from the exchange APIs to display that. So really what we're trying to do is elevate the local transparency here well beyond anything that you see, even from like a USDC where you're often waiting a month to get watered down or the reports come back. And here you can see a real -time dashboard of every single cent of collateral and hedge that sort of corresponds to that. And we think that showing that to our users and being fully transparent about it is the way that we really want to present the product to our users. Right. Yeah. Let's definitely get a bit more into this. I think maybe we take it back a bit around this actual principle of how the stable coin is created. So I guess in Athena it's called EUSD. And it mostly relies on this principle that you already said that you have the long asset, the core asset and a short position against it. Can you explain that maybe in a few sentences again for our listeners that maybe are not so familiar with financial products? Yeah, for sure. And maybe just before we jump into that, I know we've mentioned stable coins a few times on this. I think it's a word that we as a team have been thinking a bit more deeply around in terms of how we're marketing these type of products to people outside the space. So I just wanted to be clear before we jump to the mechanics that really the risks around this product look very different to having a normal stable coin with bonds basically sitting in a bank account in the real world. And so I think we're just thinking about repositioning the way that we describe the product as something that is closer to that synthetic dollar concept that I described earlier on. And yeah, really what goes into the synthetic dollar idea is you have, in Arthur's case, his idea was long BTC on one side and then short inverse perpetual on the other. And the basic idea there is that for every percentage change in the underlying collateral, those two positions are essentially netting off so that you always have one dollar of collateral that's in and out. One key change that we made to Arthur's post was thinking about swapping out Bitcoin for a stake Ethereum. There's a bunch of different reasons why we thought that that made sense. The main one being that you now have a positive carry to being long stake Ethereum. So you get paid some yield that's ranged between three and a half to six percent this year. And what that does is not only enable you to create what we think are really interesting yield products around the synthetic dollar, but then also it gives you a really interesting margin of safety because these hedges often do pay you to be short. So over the last three years, you get paid roughly seven percent to be short the ETH contract. But that's not always the case. And sometimes it is negative. So for periods during 2022, when the whole space was blowing up and centralized entities were getting liquidated, you did see that sort of briefly dip into into negative funding territory. And so having that stake return on one side obviously helps for you to be able to cover that risk as well and just create a more secure product. Right. So this funding rate, just to go into this a bit more, right, if you're shorting pay this funding rate to the other side, essentially. Right. And usually you get paid for putting on the short. So it's you can sort of think about it as there's a natural long demand for leverage within the system. And crypto is a long biased market where most people who are in the space think it's going up. And so they're willing to pay for that leverage to be longer than one X they're not worth. And so in our case, we're taking the opposite side of that position with a short and they're getting paid for that. But essentially the underlying to what if it's like negative or positive, the funding rate is essentially like a market dynamic of like supply and demand for short longs. Right. Yeah, exactly right. Yeah. Okay. And you mentioned already. So they that mostly it's like long bias, I guess we'll maybe get into a bit more like how this could turn out in the future and things. But I guess one other question that I had around, you know, like you already said, you know, switching out Bitcoin for Ether, but is there also a potential to, you know, have multiple assets as collateral in a system like also Bitcoin maybe or even like other proof of stake assets? Yeah, absolutely. For us, it's really just a question of sequencing. So Bitcoin's obviously got the deepest derivative market sitting behind it, but it's obviously got that issue of not having as much interesting yield for you to be able to create a product. And so the way that we thought about this is in order to bootstrap something from zero and, you know, fund an insurance fund that can sit behind the whole thing and ultimately actually just drive demand for it, we know that people within crypto respond to yields. And that's how you can sort of address that cold start problem in the beginning by interesting people with something that has a bit more yield. But as we sort of grow in scale and you start to tap out the potential of derivative market and staked Ethereum, you can obviously generalize that to look at Bitcoin and then also other proof of stake assets like Solana. The issue here is that on one hand, Bitcoin's more scalable due to the size of the derivative market that exists around it, but you don't have the yield. But then on the other hand, you've got something like Solana, which, yes, it's got a proof of stake yield that's attached to it, but the derivative market is like a 20th of the size of Ethereum. So really, it is a question of sequencing for us. But who knows where these markets grow over the next three to five years. But we are sort of restricting ourselves to staked Ethereum, aren't they? Right. Yeah, makes sense. Makes no sense. I think what's also interesting, I guess, is this insurance one you just mentioned or like sinking fund, I think it's called in Arthur's post. So like that's basically for these periods where the funding rate goes negative. Can you like expand a bit? How does it exist in how are you building this? What like sort of, I guess, portion of the yield is diverted to that? How do you how are you thinking about the system to do that? Yeah, you can you can think about the sources and uses for the insurance fund in basically two ways. So the first is just raising capital. So when we're raising capital at the equity for the Ethereum Labs business or within the if we eventually have a token and do treasury sales through that, you obviously have an ability to basically raise dollar capital in exchange for the equity yield tokens. And I think that that's just a pretty clean and easy way to get to get an initial insurance fund set up. The other interesting piece about this is to the extent that you're generating yields on the product that are above market. So roughly this year, this product has been running at around 12 percent unlevered. And that's with crypto rates being pretty close to the low of their cycles versus like the real rates in the real world at 5 percent. What's interesting there, I think, is, yes, initially you want to pay out most of that yield, I think, to users in order to sort of bootstrap liquidity and supply in the beginning. But there does come a point where that interest rate differential to rates in the real world. I'm not convinced that you need to pay out the full amount to keep sort of users in the product. And so there might be an equilibrium where, you know, rates in the real world are at five, four, three. And this product's at 10, 12, 15. That obviously gives you some scope there to be able to capture some of that yield to the insurance fund going forward. I think the interesting piece about that is obviously, as I mentioned, funding is typically skewed positive where you get 7 percent over the last three years. And if you just look at the distribution of sort of the days of positive funding versus negative, when you include the stakeholder yields, you get 89 percent of the days you're getting paid and you can add cash to the insurance fund and only 11 percent where you're going to be drawing from it. So really, it is in your favor that you're going to be accumulating cash into the insurance fund through the life of the product. And we think it's quite interesting because you're capturing, you know, some value within the token, within the product and actually helping to create a more safe and secure product going forward by capitalizing the insurance fund. Right. Right. That makes sense. And then I guess if it turns negative, the insurance fund would like sort of subsidize that to get the yield back for a while. Is that sort of the mechanic that it would? Yeah. Well, what itself performs is zero in that case. So we don't want to be in a position like with what you saw with Anker and Luna, where I think actually creating that inflexible endogenous interest rate there, I think was one of the biggest mistakes that they made because you really need external market forces, I think, to be calibrating the supply of the whole system. And whenever you're stepping in and trying to pay more yield than it's naturally producing, I think it's just a bit of a slippery slope where it eventually leads to breakages in the system at some other point. And so really what the insurance fund is doing there is when it would be negative, you're just getting it to zero so that, you know, users aren't losing principle in the stablecoin. And then naturally what's going to happen is when you get paid zero percent to hold the stablecoin, we expect that some users would step out of the product. And in the process of doing so, we'd have to lift the shorts on the exchanges, which causes funding to mean Roberta going back above zero. So just to be totally clear on this one, the funding rate is not something that we're scared of. It really is like core to the whole design here, which is we want users to be responding to positive and negative interest rates. And when it does get too low, that means the supply of the stablecoin is too high relative to dynamics in the rest of the market and it needs to shrink. And we're not going to stand in the way of that. Right. I read this tweet where you answered basically some concerns of like each and Spartan there. And I found it very interesting that essentially the stablecoin can adjust by just people withdrawing and then you're closing out the shorts, like you just said. But there's also the just like general mechanics are not as many people might think, I think, in the that are like scarred from from Luna that it would be like totally collapsing at once or it's very, very hard to do that. Can you can you explain maybe why the like a deep hacking wouldn't be like, you know, from one dollar to zero versus instead maybe going like more gradually losing value in this sort of case? Yeah, for sure. So I think the the the key difference here is that you've actually got the collateral sitting behind the stablecoin. So Luna was obviously backed by basically just the faith that the Luna token had some sort of value and then market maker's ability to stand in and save the system a bit like a central backward in the real world. And the key difference here is, yes, even if you do have some of these issues and there are other risks outside of the negative funding, but we can just focus on this one, even if it does go negative, if you look at sort of the bottom twenty five centile of funding, are you like the worst quarter of where funding gets to, it's typically around sort of the negative five percent range. If you think about that on an annualized basis, if you're bringing that down to a daily attrition that you'd see within the stablecoin, it's literally one basis point per day. Right. So it's like not even comparable to a swap on curve or a little bit of slippage that you'd be paying like anywhere within this entire system. That's how much you're losing every day if this thing is at like the bottom quartile of the funding. And so really the risks are very different here where if something is going wrong, it's a very slow, gradual attrition of the principal of the stablecoin rather than something that sort of collapses to zero in the space of a day like you saw with Luna. Right. Totally. I think that's very interesting. I think maybe we can get a bit into like technically how it works. I think the interesting piece in Isina's case is I guess it has like the sort of interaction between CeFi and DeFi. So like there's there's elements on chain and there is like interaction with centralized parties. Can you just explain how that works and why you need that maybe? Yeah, for sure. So this is something that Arthur was pretty interesting on on his piece, which is the demand for this type of product we think is is here right now. And it's it's a product that sort of the need is immediate and urgent. And we don't really have the time to be able to wait for perpetual DEXs on chain to go to a size that would be able to accommodate for it. So centralized liquidity, rough numbers is between 25 to 30 times larger than what you see on chain. And part of the issue is that even on -chain DEXs, they're not a single unified source of liquidity. So you have Synthetix sitting on Optimism, you got GMX and Arbitrum, you got DYDX doing their app chain on Cosmos. These are all disparate areas and pools of liquidity, which you can't even sort of aggregate into one place to try and build this product. And so for us, it was really accepting the fact that you needed centralized liquidity in order to get this to scale, to achieve the goals that we have as a team and deliver a product that we think is useful for millions of people rather than thousands. And given that fact that you need to make those trade -offs, we ask ourselves the question of, can you do that in a trust -minimized way while you still retain the core pieces of decentralization that we care about? And so just going back to that original point that you're making around the trilemma, for us it was really asking a more narrow question of what is it that you actually care about when you have your assets on an exchange and what is it that you're trying to protect yourself from? And for us, it's really just you don't want your assets sitting on a centralized exchange. And so we've seen this over, if you have FTX 2 .0 out and again, where you want to be able to hold your assets and make sure that a centralized exchange is not going to basically withhold you being able to take them out. And so we've seen really interesting unlocks when it comes to custodian setups that have been put in place since FTX, where you have an ability now to hold your assets outside of the exchange, but then still use them as a marketing instrument for the derivative on the other side. And so what that unlocks is our ability to be able to, A, provide the transparency that I was describing earlier, so you can actually see those wallets and be able to read into them as a user on the other side. And we'll be providing that in dashboards on the app. And then B, it reduces that counterparty risk to the exchanges obviously enormously by being able to disaggregate the assets from sitting on that service.
A highlight from How Will The Israel War Affect Crypto? (Prepare Your Portfolio NOW!)
"What's happening in Israel right now is horrible, and my heart goes out to everyone that is affected by the conflict. But in today's video, I'm not going to pretend to be a geopolitical expert. What I am going to do is run you through how I think the current conflict can affect the crypto market and look at historical examples of how markets have reacted during times of war. So we're going to look at how Bitcoin could perform throughout this period, what's going to happen to altcoins, what the charts are telling us, and of course, also historically, what this typically means for markets, because it does have huge ramifications on things like CPI, and that could affect the Fed's response. And of course, there are many knock -on effects because of that for markets, which could potentially cause certain price action for Bitcoin and alt. So in today's video, we're going to look at that and also how you can position your portfolio to weather the storm, so to speak, if things get worse. And hopefully, the context that I provide you can help you navigate these markets better if you're just a little bit confused at the moment, because we have altcoins tanking, we have Bitcoin holding up surprisingly well, and we have many different opinions flying around about the market at the moment, which makes it pretty confusing from an investment standpoint to make decisions. So firstly, I want to go through what's currently happening in terms of the market impact of the conflict. We did see Bitcoin hold up relatively well over the last day or so, although we did have that rejection of the 200 EMA. We have altcoins significantly down, we have a slight pullback across equities, gold and oil have ticked up slightly as well. What I want to do is look at how the markets could react based on past data of how the market has reacted to past geopolitical and military events. We do have a sample size of events, as you can see in front of you, ranging from Pearl Harbor to the Iraq war. Then after that, we are going to get into the more recent conflict, which was the Russia Ukraine conflict earlier in the year. What I want to say about this data is that the unpredictable and fast changing nature of such events does make it really hard to make short -term predictions. We don't know if things are going to escalate, we don't know if things are going to wind down. As I said, I'm not going to give geopolitical opinions in today's video, you have to work that out for yourself. But what we do know is these events are really unpredictable and that makes trading them a really hard task. So in my opinion, the best thing to do is just make sure your portfolio is really built to weather the storm. I'm going to talk about how you can do that in a second. Instead of trying to time the market, you know, I don't think you should make rash decisions and like sell a bunch of alts into Bitcoin or sell a bunch of Bitcoin into alts just based on changing macro conditions. Because just as they can change for the worst, they can also change for the better. Now in the past, typically what has happened is markets have recovered actually relatively quickly from wars and other geopolitical shocks despite experiencing initial volatility. So what you can see here is many of these other wars and geopolitical events have begun with major drawdowns. You can see minus 3 .4, minus 3, minus 7, etc. And then three months later, they've actually hit their peak in terms of drawdowns. But by the 12 -month mark, you can see that the average return across markets is actually 8 .6%, which is almost in line of that 10 % average that we've seen from equities historically. So pretty much there is no real effect over a longer duration of these events, although you do see volatility blips in the short term. Long term, there isn't a huge impact on markets, which I find super interesting. Obviously, the size of the conflict does dictate how quickly the markets recover and the severity of the conflict, how many countries are involved, etc. But I thought this was super interesting data. Now on the crypto side, how does crypto typically respond during conflicts? Well, we can look at the Russia -Ukraine war as one sample size that we have from 2022 to give us a little bit of data as to how crypto and more specifically Bitcoin actually responds. So you can see here on the date that the US said that an invasion of Ukraine could occur at any time, Bitcoin, Ripple, Ether, and Binance are the biggest currencies at the time actually responded positively. Then they ended up having major declines over the following week. Then they had a small bounce and then by the end of the month, that essentially leveled out to the same price performance as on the day that the US said an invasion could occur. So pretty much we can't really take much from this data. Crypto performed pretty much negligibly, although it did have a bit of volatility and although it did have some downside by the end of the month, it had pretty much fully recovered. And if we compare Bitcoin to the Nasdaq, the S &P and also the All Country World Index, although Bitcoin initially outperformed, the performance ended up being very similar to equities and the fact that this graph was taken from a week prior to the US stating that an invasion could occur, it pretty much skews the data because Bitcoin performed positively heading into the conflict. So there's not much we can take there. Bitcoin essentially performed the same as equities over that period as well. And if you look at Bitcoin versus gold, well, it pretty much paints the same picture, although US 10 -year treasuries uptick slightly, so did gold and so did Bitcoin. Bitcoin actually responded decently during the initial beginning of the conflict, but then it had huge declines in the preceding months. Obviously, April, May, June, July last year were bearish months for Bitcoin, but you got to remember, Luna happened during that period and then FTX happened later that year. So the entire macro landscape for Bitcoin wasn't exactly conducive of good price performance. So it's very hard to extrapolate any data from this, but it's just interesting to note that despite a lot of headlines coming out around the time, Bitcoin pretty much didn't show any signs of flinching in terms of its price action. But nevertheless, that war, although it did escalate, it didn't end up getting to the point where it was like a full -on world war. And in the beginning, a lot of people were speculating on that maybe being the case if more countries got involved. And I'm not going to get into my theories on the Israel war or anything, but what I do think is prudent to do in these times is really consider how does your portfolio look? I think it's a good reminder that all portfolios should have some sort of hedging mechanism. They should have some sort of diversification because it's not only geopolitical events that affect markets, but it can be any sort of major supply shock, major events like we saw in March 2020 due to the pandemic. There are many reasons why your portfolio could experience volatility. And I think it's wise and it's prudent to be planning and preparing for these eventualities. So Bob Elliott did an amazing thread. I want to break down some of the key points from this thread that basically outlines how certain asset classes end up responding during times of uncertainty. So he said, Wars by nature are inflationary as goods requiring raw materials are produced and then destroyed without an increase in productivity. They are also a bad time for cash since governments keep financing costs low. Governments typically finance their expenditure by increasing their bond issuance during these periods. In order to keep those financing costs low, bond yields are also kept low. After the initial rise in bonds in response to the conflict, and we actually did see that during the Russia war as well as I showed you before, bonds dropped nearly 50%. Stocks perform poorly initially during conflicts because companies priority shift and there is a significant uncertainty about who will win. In the US's case, stocks were in a drawdown for much of the period until rallying once it became clear a victory would come. So pretty much you have that initial decline as I showed you in the graph before, when there's an initial uncertainty around a war. And then what you do see is as certainty comes to light, markets hate uncertainty as we know. The markets typically recover and by the 12 month point, the effect on the market is essentially negligible. And that is the point that he is also reiterating here. Of course, the outcome was much worse for the losers in the war, where stocks fell roughly 80 % and even worse in real terms. So countries closer to home in this scenario do end up performing worse. Commodities, however, do very well during war periods. And this is the interesting Bitcoin argument. From the time of Pearl Harbor until the end of the war, commodities delivered a 100 % plus return. So of course, commodities in a time of mass money printing are considered like inflation hedges to some extent. And you do need commodities to finance conflicts. So commodities that could be silver, that can be gold, that can be also usable commodities like food. But Bitcoin has also started to come to light during this time. And conversations around Bitcoin as a digital gold safe haven type asset have also come to the forefront. Now, I think just Bitcoin's price action itself does suggest that it is a lot more immune to these market conditions than other assets. And that's because Bitcoin's kind of in this place where it's not really a safe haven asset yet. But at times, for example, during the banking collapse, it does decide to behave like a safe haven asset. And it's my full belief that eventually Bitcoin gets to a place where it really is a true representation of digital gold. But I think the data we have in front of us due to its heavy correlation to risk assets such as tech stocks does suggest that Bitcoin is still a risk on asset until proven otherwise. And because it does have that safe haven narrative behind it, which is why it performs better than altcoins during these periods, you still have to accept that we aren't fully there yet. But Bitcoin, I wouldn't call it a fully fledged commodity as such. So I wouldn't be speculating on Bitcoin in times of uncertainty. I think that is a mistake. You have to accept that it's correlated and treated like a tech stock in most cases. But I would also accept that Bitcoin holds up better than other assets during this period as well. And maybe better than some like, you know, really risk on assets like altcoins, etc. In a minute, I'm going to talk about Bitcoin specifically and some of the reasons why I think it's outperforming alts and also what I think is going to happen to alts as well. So make sure you stick around for that because that's really, really important for our portfolios at the moment. So on Thursday this week, we have US CPI data. This is a really important reading as the last two CPI readings have actually upticked, which have shown a slight uptick in inflation and have been the reason why the Fed have continued to keep rates higher for longer. So they've continued on their rate hiking cycle. But we do want to see inflation starting to come down because if inflation starts coming down, then the Fed maybe can relax their stance slightly. The market is expecting though that rates don't move. So they don't hike or they don't cut with an 89 % probability of that being the case during the next meeting, which is on November 1st. Then on December 13th, there's a 70 % probability of no hike as well. And it's over 50 % all the way until March next year. So pretty much market anticipating the Fed does not do much. And we kind of see the effect of the previous rate hike start to bake into the market. But if there is a material change due to any sort of escalation here in the Israel conflict, then that could definitely start to affect the Fed stance. Because if we do see CPI starting to uptick due to let's say a crazy pump in oil prices, then the Fed may have to respond by hiking rates. And I think this is your number one risk when it comes to crypto and the macro side of things. It's oil and commodities going absolutely crazy. And then that impacts CPI. And then that has obviously knock -on effects because transportation becomes more expensive and pretty much that gets baked into goods and services. You see inflation, what does Fed do to combat inflation? It hikes rates. So I'm not saying this will necessarily be the case because there's nothing to say that this will escalate to the point where it really starts to affect the oil price. There are certain scenarios where of course it would. But during Russia Ukraine, we did see oil significantly uptick and then we also saw it start to come back down. It did obviously pump in response to the news of the conflict breaking out. And although I'm not panicking yet, it's certainly something to take note of. If oil prices continue to rise, how could that affect inflation? And thus, how could that affect the Fed's response? I don't think it's any reason to make any material portfolio changes but it is definitely something to note. And you can kind of see here simplified how markets react if there is an escalation. Rates go up, oil goes up, stocks go down and of course crypto which is a risk on asset as well as stocks also goes down. So this is the probably the scenario you see happening but altcoins going down more than Bitcoin of course because Bitcoin does have an element of you know safe haven -esque nature to it whereas altcoins don't. But that is with escalation. If things start to alleviate and calm down over the next few weeks, I think you can go back into kind of business as usual mode where the market is a little less jolty and we kind of start focusing back on the macro and also on the crypto specific events. For example, the Bitcoin spot ETF and the halving next year as well. So now's the time where I look at the charts and I talk about Bitcoin and I talk about Ethereum because these are definitely the two leading charts in crypto at the moment. On the Bitcoin side, you can see clearly that we rejected twice off the 200 EMA. Bitcoin signs showing of slowing down every time it heads into that pocket of resistance at 28K. This is pretty much no man's land. The way I would describe Bitcoin right now is it's in the middle of a range. So you've got your range extremity. So that's the lower end of the range right now at 25K. You have the upper echelon of the range up here at 30K. We tested and we ended up being rejected after multiple tests of the 31K level. Now we're just in the middle. So we're actually below the 200 MA which is marking out the mid -range perfectly at the moment. Until there's a concrete flip of this level, I don't think we can assert when necessarily heading up to the top of the range either. So what you would want to see on Bitcoin is it actually flip and not just deviate above but hold above. So close above on the daily the 200 MA and then start to make that thrust to the upwards bound of the range. That is something you would you want to be looking out for if you're a Bitcoin bull. But of course, we have rejected off this level. So if Bitcoin starts to make higher lows, then you can kind of start targeting this 25K level again. Because we're in the middle of the range and Bitcoin isn't exhibiting any momentum to either side just quite yet. It's pretty much I think for most people a no trade zone. Of course, you can pick off little altcoin scalps here and then. You can DCA into you know your favorite coins, Bitcoin ETH long term of course. We're still positioning ourselves for 2024 and 2025. But in terms of like any trades right now, you probably want to target more like extremity -based trades. So you know shorting when Bitcoin gets here or potentially longing a substantiated breakout or looking to take a support long at the 25K zone. Either end of the spectrum here I think is better than trying to punt in the middle of the range. That's just how I feel about Bitcoin. But how will altcoins continue to respond? Because altcoins have been hammered over the last week. And look, it's pretty much undeniable that dominance keeps going up and up and up. And the truth of the matter is A. Bitcoin responds better during times of uncertainty like we are in at the moment because it's considered by some to be a digital gold. And B. It's got the much stronger catalyst behind it. It's got the Bitcoin spot ETF. It's got the Bitcoin halving. We know that Bitcoin typically leads into the halving versus other altcoins. Bitcoin leads the beginning of cycles. Alts tend to get rotated into later when the market goes more risk -on and gets euphoric. In the early stages, Bitcoin tends to outperform. And Bitcoin dominance is in a clear uptrend until you see a clear reversal here. It's not altcoin season yet. It's not altcoin time to shine. Now, it's really a Bitcoin market. For me, that's why I've kept myself relatively capitalized in Bitcoin. I think around the 50 % mark, 40 % to 50%. And then, you know, the rest is Ethereum and alts. But it really depends on how risk -on you want to go in this environment. If you've got enough discretionary income to continue averaging into altcoin positions and you're willing just to accept the loss in the short term and hold for next cycle. Well, maybe you're in the boat where you just keep DCing down into alts and eventually wait for that rotation. I don't think a lot of people are in that boat though. It would take balls of steel to execute a strategy like that. And although I follow that to an extent, I can't lie. I am keeping some significant exposure to Bitcoin because I still believe that it does lead into next cycle. And Ethereum, on the other hand, is looking quite weak. So if we look at ETHBTC, it's finally made its way into my blue box which is my major support box for Ethereum BTC. Now, for the ETH bulls, you really want to see a reversal here or things could definitely accelerate to the downside. Note, we did get deviation below. So it's okay if ETHBTC drops below and then reclaims. That's fine. That's normal market behavior. But if you do see a substantiated breakdown below this level, then I think the warning bells are starting to go off a little bit because your next target isn't till the 3 -5 level. And at that point, ETHBTC will already be down another 38%. That's going to send altcoins spiraling because ETH is the leader of the alt market. It's really important for Ethereum to perform well, for alts to perform well. And when ETH's bleeding, you best believe altcoins are going to bleed. So ETHBTC right now looking quite shaky. What you do want to see if to be a buyer of this is a reversal here because we do have this slanting trend line. What you want to wait for is a breakout of this trend and that will be confirmation to long into ETHBTC. You can actually make a support buy at this level. If you are a believer in Ethereum and you want to DC in or maybe switching Bitcoin out for ETH. I mean, now technically is a support buy of ETHBTC but because it doesn't have momentum, I definitely wouldn't go all in until there's some sort of concrete reversal. You always want to wait for that confirmed pivot before putting your major size in. When it comes to DCing into positions, you can get an initial position in maybe between 20 % and 30%. But your major size to that remaining 70 % to 80 % should be reserved for a confirmed reversal. That's what you're waiting for on ETHBTC. There will be some on -chain signs for altcoins specifically that you are getting a reversal. One way that I actually monitor this is on Kyber AI. So Kyber AI is essentially a tool that enables you to gauge momentum using their proprietary AI mechanisms. So they have something called the Kyber Score which works out the momentum of an altcoin. So you'll be able to see whether based on the on -chain price action an altcoin is shifting from bearish to bullish territory or bullish to bearish territory. I'll give you an example of a strategy that I actually use on Kyber AI. What I do when I'm trading majors because we're talking here about an ETH reversal and a majors reversal is I go on to Kyber AI which is at the top here. I go on to rankings then I click all. Then I filter by market cap of more than 500 million because unless I'm trying to like scalp smaller coins typically for the bigger coins I'll use more than 500 million to filter and you know look at the major caps to try and find major reversals. Then what I'll do is I'll sort by Kyber Score and when we do see like an ETHBTC reversal and I look to get into altcoin positions I'll try and line this up with confluence for coins that are flipped from bearish into bullish territory and have held bullish territory because these are in four hour increments. I like to see a sample size over like a two to three day period that an altcoin has actually started to exhibit bullish momentum. So then I would go into the coin let's say take Arbitrum for example it's currently neutral right now let's say it starts to uptick. Once I affirm that it upticks I would go into on -chain analysis and then start looking at whether we are seeing significant buying starting to come in for the coin and you can see here they also have AI which amalgamates the buys and the sells to see whether there's more buyers or more on -chain sellers. You can also look at trading volume so you want to look for that major spike in volume because a move a reversal with no volume isn't really a confirmed move. You do want to see buyers step in with size so what I also look for is a volume uptick. I don't really like when there's not a volume uptick but there's a huge price pump typically that indicates that it's futures volume coming in so it's like speculation. So you also want to have a look at your CVDs on an application like Velo which can tell you whether it's spot positioning or futures positioning. Of course spot positioning is much better for sustainable pumps otherwise you can end up getting wrecked on the futures because people get liquidated then price tends to wicker and come back down. Also net flow to whale wallets is another pretty cool metric because I'll sort by month here so you can see it more clearly. You can essentially see whether the whales are buying or whether the whales are selling. So if you see positive inflow typically that means whales are starting to position themselves. So buying if you see negative net flow that generally means that whales are starting to sell. This is also an indicator that I'll measure. So that helps you get confluence on like specific altcoins when ETH does reverse just thought I would share that strategy because I haven't talked about it much on the show but it's something that I actively do. I love monitoring the majors because yeah sometimes on Kyber AI it can get a little bit distracting seeing all these like lower cap coins although that's great for on -chain scalping strategies. It's not the best if you're looking to trade majors and a lot of the time when the market first starts to reverse I want to look at the majors before I start looking at the small caps because why would I jump straight into small caps? I want to jump into the majors first. If you want to use Kyber AI you can sign up to beta access using the link in the description. For crypto bound to subscribers only we are expediting the sign -up process. So typically you in some situations would have to wait weeks or months to get access to the platform but for bound to subscribers only we are going to be speeding up the process to give you early access. So if you do want to use Kyber AI I've been using it in my research all the time you can click the link in the description and use it. It's completely free. So it's a completely free application that you can use to level up your crypto research and trading. Now why is Ethereum dropping so much more than Bitcoin and why is Bitcoin dominance just rapidly rising? Well on the ETH side of things there are a lot of ETH specific headwinds right now. You have the foundation actively selling Ethereum which is obviously not good. I don't necessarily blame the foundation. Like obviously they need to sell some ETH to keep themselves running. They have a DevCon coming up etc. I don't blame them like others but still it's not publicly a very good sign. The other factor is ETH is now technically inflationary because the activity has dried up in the crypto market. ETH has now ticked into inflationary territory despite it being deflationary for months. That's not great. That does put extra supply pressure on ETH. And speaking of supply pressure we also had the hacker who has been selling off Ethereum that he hacked during the whole FTX liquidation thing. So there's a few reasons why Ethereum is not performing well. EIP also got delayed which was the ETH's biggest catalyst. So look the ETH BTC trade is one that I took and then I got stopped out on and now I'm essentially just waiting again to get back in. So anyone that wants an update on that that's essentially my position here. I'm not entering any new ETH BTC position and the last position I made was on the hope that we got a bounce on the one day chart. We didn't get a bounce and that's exactly why I set stop losses folks because things just kept going down and down and down since then. So ETH BTC that's pretty much where it sits. ETH certainly looking bearish versus Bitcoin. If you're a long -term accumulator of ETH you probably like this relative weakness. If you're committed to DCing all the way down I think if you try and catch that falling knife you can get a lower cost basis because we accept we won't be able to always time the market. So with ETH that's something I'm happy to just DC into. In terms of the alts a little bit harder to catch a falling knife just because the price acceleration to the downside is usually much more drastic than you'll see on a token like Ethereum. By the way the data ownership protocol testnet is coming very very soon and this is what I'm super excited about because it's an application that's going to allow you essentially obfuscate your crypto assets to choose what you show to the public and what you don't show to the public. So you will essentially have your own choice over what you do with your data if you use the protocol. So you can essentially execute swaps and keep those swaps to yourself or hold assets in your wallet and keep those assets to yourself but having it done in an immutable decentralized fashion on the blockchain. So super excited for that testnet and it's going to give you the ability to pick up some DOP tokens as they're giving away 1 % of their DOP supply to early users of the product who are going to be rewarded. So just keep your eye out for that over the coming days. I've had a chance to play around with it and it's really really awesome. I can't wait to run you guys through it on the show because I think it's an application that we need especially with times like these when privacy is becoming more and more important in crypto. So there's a link in the description to DOP to check it out but that test that's going to be available soon to enable you to get your hands on some tokens as well. And I hope you enjoyed today's show. If you found it interesting let me know in the comments below.
A highlight from "Revenue is key for FriendTech devs." Oct 08, 2023
"It's 8 a .m. Eastern, October the 8th, and this is your daily crypto report. Bitcoin is down slightly at $27 ,827, ETH is down slightly at $1 ,619, and Binance Coin is up slightly at $211. Well, the developers behind social protocol platform FriendTech have reportedly raked in nearly $20 million in revenue within just a few months after launch. FriendTech facilitates buying and selling influencer profile tokens using Ethereum on the base Layer 2 network. FriendTech is currently the highest revenue -generating app on base and ranks second in the entire crypto space. It's projected to generate an annualized revenue of $180 million at its current pace. The platform has collected nearly $40 million in fees from users, with 10 % of trading volume in social tokens taxed. Half of this fee goes to the project team as revenue, and the other half is distributed to users whose keys are traded. Although there are some competing apps, the original project remains the leader in the SocialFi niche, even though the number of unique users has declined recently. The project has also faced security challenges and criticism for lack of a roadmap and for influencers dumping keys on holders. Well FloridaL split into two separate entities to address the concerns of activist investors. Those investors have gained significant control over the project's governance tokens and were looking to access FloridaL's treasury. To resolve the situation, FloridaL transferred over $2 .5 million in crypto tokens and NFTs to a splinter group called FlorkDAO, controlled by the activist investors. The investors divided the sum among themselves, leading to a higher valuation of each FLOR token now at nearly $5 from $1 .89 earlier this year. The remaining FLOR tokens are trading around $3 .88. This incident highlights how activist crypto investors target DAOs to gain control of governance tokens priced below the estimated value of the DAOs' holdings. By accumulating these tokens, they can push the DAO to buy them out at a better price. Many DAOs treat their tokens as governance assets, allowing those with more tokens to have greater influence over project decisions. In FloridaL's case, the activist investors' stake had become significant enough to hinder the project's progress. As a result, FloridaL split into two entities, enabling members not aligned with the long -term vision of the DAO to exit. And finally, Osteem Labs has secured $3 .5 million to develop a protocol for Digitides, Commodities, Perpetuals, Swaps. The platform aims to attract both traditional commodities traders and crypto -native traders by offering transparent and flexible alternatives for trading assets like oil, bitcoin, and foreign exchange pairs. Trades on the protocol will be settled in USDC. The venture aligns with the growing trend of migrating real -world assets on the blockchain networks as investors recognize the potential for efficiency and transparency in this approach. Well, that's all for us today. Visit us at dailycryptoreport .io for sources and links. And listen to us everywhere else you podcast under Daily Crypto Report. I'm Dr. Rae Wynn -Grant, wildlife ecologist and host of the award -winning podcast Going Wild, produced by Nature on PBS. In the brand new season of Going Wild, we're tackling the big question, how can humans look at our relationship to nature differently? And with the help of special guests like Christian Cooper, host of Nat Geo's Extraordinary Birder, and Ayana Elizabeth Johnson, co -creator of the How to Save a Planet podcast. Follow Going Wild with Dr. Rae Wynn -Grant on your favorite podcast app. Are you looking for a podcast that'll make you laugh? You came to the wrong place. That's not us. That's not us. Well, it is. We are a husband and wife who chat about raw, real relationship topics. Like sex. Like money. Like marriage and kids. But we're not afraid to talk about how your newborn baby probably isn't as cute as you think it is. If you're in need of entertainment while you're driving to work, because that sucks, we can join you in the suckage, kind of like being in your ear. Not physically. So if you want to laugh, come check us out. Brought to you by The Laughing Couple Podcast.
A highlight from Macro Signals Are All Flashing Warnings
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, October 6th, and today we are talking about the just unbelievable variety of deteriorating economic indicators. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, friends, welcome back to The Breakdown. No updates on FTX today. As I am recording this, Gary Wang, the CTO and co -founder of FTX is on the stand, and I will say only that if Adam Yedidiah's testimony yesterday didn't look good for Sam, Gary's testimony yesterday and today looks even worse. I will quote from Matthew Russell Lee at Inner City Press on Twitter, who is, by the way, the single best person to follow for play -by -play coverage of this. The attorney asks Gary, did you commit crimes at FTX? Gary responds, yes, with Nishad Singh, Carolyn Ellison, and Sam Bankman -Fried. Rough. But what we're actually talking about today is the fact that outside our little corner of the economic world, basically every indicator is going to hell. Summing it up, Arthur Hayes says it's about to be rectober. So let's start with bonds because that's what everyone's talking about. A massive sell -off is underway in the long end of the U .S. Treasury market. The yield on the 10 -year Treasury note touched 4 .8 % on Wednesday, while the 30 -year note breached 4 .9 % briefly. Both are marks that haven't been seen since early 2007. TLT, the ETF which tracks the price of a basket of long -term bonds with maturities over 20 years, has continued its multi -year drawdown. The most recent leg has seen over 15 % of value wiped out in long -term bond investments since July. TLT has now lost almost 50 % of its value since the top in July 2020. By way of comparison, the 2008 crash saw a 57 % collapse in the S &P 500 across two years, while the dot -com crash of 2001 featured a 50 % decline in the S &P. The losses accrued during the current bond market route are twice as large as those during the bond collapse of 1981, when the Paul Volcker Fed hiked the interest rate to almost 20%. Now note, TLT is not a small ETF. It's one of the top 30 ETFs in the world in terms of assets under management, about a tenth of the size of the SPY S &P 500 index ETF. Now interestingly, although TLT has been getting pummeled, traders continue to flock in. The ETF has seen $33 billion in inflows since the Fed began hiking rates in March 2022. More than half of inflows have come this year. Assets under management have more than doubled despite the aggressive drawdown in price per share. As ETF store president Nate Gerasi put it, TLT has been a quote, cash incinerator. So what's causing this huge flow of funds into a collapsing bond market? TLT represents just one part of a massive collection of interconnected markets exposed to price action in U .S. treasuries. So it's impossible to know all of the positions being taken just by looking at one ETF. Part of the increased demand for treasuries comes from asset managers running fixed income portfolios. For example, pension funds, insurers, and bank balance sheets are some of the major investors who hold long -term treasuries. A paper loss on bond investments isn't typically a big deal for pension funds and banks, as long as they can continue to hold those positions to maturity. But as we've seen repeatedly over the past few years, holding to maturity is not always possible. Now, although these structural buyers are part of the story, many believe they don't explain the large increase in volume for TLT. Eric Balcona, senior ETF analyst at Bloomberg, wrote in a Twitter post that TLT investments quote, have cost traders $6 billion, but they keep coming back because it has to work. This is arguably the new fighting the Fed trade. When asked if he thinks it's just portfolio rebalancing, Eric said, that could be part of it for sure, but based on the elevated volume, it would indicate its traders betting. Now, one of the known bets being done in size is the basis trade. Basis trades in general are when an investor takes one position in spot markets offside by an inverse position in a derivative market to capture the price spread. In this case, hedge funds and other professional investors are taking long positions by buying bonds outright and then shorting futures. Short interest in U .S. Treasury futures is currently at all -time highs, recently exceeding their late 2019 peak. Importantly, a basis trade in U .S. Treasuries was widely blamed for the repo spike in September 2019. This trade is generally seen as a cause of systemic risk due to the massive leverage involved and its location close to the heart of the global financial system. The Fed, the Bank of England, and the Bank for International Settlements have all recently published papers warning of the risks of this arbitrage trade and noting its resurgence. Goldman Sachs, on the other hand, is much less worried, publishing a note last week which stated, we do not think the trade poses a major risk to treasury markets in the near term. Leverage in the system is materially lower than it was in 2019 -2020 as a result of a series of initial margin increases and price declines. Still, the BIS paper from last month said the basis trade, quote, is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger. Now beyond the trade, some believe this price action is simply the bond market pricing in higher for longer. At last month's meeting, Fed officials stood firm in their higher for longer rate forecast. Markets seemingly for the first time this hiking cycle are actually listening. Nick Timmeros, the Wall Street Journal's resident Fed whisperer, tweeted on Thursday, is the Fed finally getting tighter financial conditions? He attached a quote from Dhalip Singh, a former New York Fed official and now chief economist at PGIM Fixed Income, which said, these types of things often take on a life of their own until they self -correct, either through weaker economic data or a more sinister mechanism such as a financial stability scare. Either of those two developments would mark an inflection point back towards lower yields, but we're not there yet. Timmeros also noted that this is the first hiking cycle out of the past five where the without seeing a collapse in longer term bond yields. He wrote in a Twitter post, this time has been different. Investors had priced in and are now pricing out a recession with a quick turn towards rate cuts. However, in an appearance on CNBC earlier this week, Jim Bianco had a slightly different take on reactions to last month's Fed meeting. He said, what you're seeing in the bond market is a capitulation. Basically, most of the year, bond managers have been long in trying to argue why we're going to have a recession, why there's going to be a rally, and they've been having their brains beat in. If the Fed is done and the market senses there is still some inflation left, they don't want to touch bonds. I don't think the Fed cares about volatility in the bond market yet. They're asking the question, is it slowing growth in the real economy? Others noted that rates have hit a point where they are likely to cause a major problem for U .S. government financing. The Congressional Budget Office recently updated its forecast to note that interest expenses are set to reach 20 % of tax receipts by 2032 if they remain on current trajectory. Economist Harold Momgren said, the rise in long rates is primarily being driven by the huge and growing U .S. budget deficit. Added Jeffrey Gunlock of DoubleLine Capital, Now, former BitMEX CEO Arthur Hayes has published a new essay and has a strong view on how this bond market dysfunction ends. He argues that, quote, Hayes' point is that the large imbalances always resolve in one way. Printing money, he writes, Now, this bond market route has had Arthur banging the table all week. He has been pointing to the current yield curve move, known as a bear steepener, as basically unprecedented. A bear steepener is when long -term interest rates rise faster than short -term rates, un -inverting the yield curve while keeping rates high across the board. Arthur explains, As the 2s and 30s curve steepens alongside the 2 -year and 30 -year rates rising, fixed -income trading desks start bleeding money and can't figure out why. Due to the leverage and nonlinear risks embedded in banks' portfolios, they will begin selling bonds or paying fixed -on interest rate swaps as rates rise. More selling begets more selling, which is no bueno for bond prices. The faster this bear steepener rises, the faster someone goes belly up, the faster everyone recognizes there is no way out other than money printing to save government bond markets, the faster we get back to the crypto bull market. So that is some of the story in bonds, obviously. Not only could we talk about more, every cable news economic show is exclusively talking about that. But let's go to some other indicators in the macro economy as well. On Wednesday, the ADP published their private payrolls report. The payroll processing firm said that job growth for September had come in way below expectations. It saw just 89 ,000 jobs added for the month. This was down from an upwardly revised 180 ,000 in August and well below estimates of 160 ,000. This was the slowest job growth in the ADP figures since May 2020. ADP also said that annual wage growth had cooled to 5 .9%, the 12th consecutive monthly decline. Job gains came almost exclusively from the service sector, which saw 81 ,000 net jobs added almost entirely from leisure and hospitality. Major net job losses came from professional services, transportation and manufacturing. Now a lot of people said that this should give the Fed leave to continue its pause trajectory. However, this morning we got the release of the non -farm payroll report and it told a very different story. TLDR, September payrolls increased 336 ,000. The estimate had been 170 ,000. So basically we beat it to the upside by double. That means that this indicator that Jerome Powell has been looking at for a year and a half, which is tightness in the labor market, is still incredibly tight, which frankly gives the Fed leave and even potentially a mandate to increase rates even more. As Adam Cochrane wrote, In terms of GDP numbers, last week the U .S. Commerce Department published its final revision of second -quarter GDP, holding steady at a 2 .1 % annualized growth rate. Below the headline, the data showed a large downwards revision to consumer spending growth from 1 .7 % to just 0 .8 % on an annualized basis. This is 80 % lower than the consumer spending growth figure for Q1. Given that consumer spending accounts for around 70 % of U .S. GDP, the revision could speak to a troubling trend as the U .S. consumer cuts back. Claire Lee, vice president of credit strategy and research at Moody's Investor Service, said, Now, as an unconventional economic indicator, outgoing Nestle CFO Francois Xavier Roger had some troubling comments about the state of the global food market. He said that the total amount of food and drinks sold globally has been steadily falling since the beginning of the year. Roger said, Some pointed to, as a culprit, the recent adoption of new weight loss drugs. During an interview on Wednesday, the CEO of Walmart said, Now, while junk food purchases are unambiguously decreasing, many suggested the explanation is far more obvious and troubling than the adoption of weight loss drugs. Jeff Snyder tweeted, They're struggling to afford food, credit card debt is skyrocketing, and much more. What happened to the booming economy of just a couple months ago? Contributing to this notion of the consumer economy running out of steam, in September consumer delinquencies rose across the board. Auto loans, credit cards, and other consumer loan delinquencies have been steadily rising since late 2021 and have now reached decade -long highs. Credit card delinquencies are now at a little below 4%. And while that's nowhere near the 7 % seen in 2009, we are also well past the last peak in 2020. Now, mortgage rates have also been spiking alongside the rapid increase in rates for long -term treasuries. The average for a 30 -year fixed -rate loan hit 7 .49 % this week, according to Freddie Mac. That's the fourth straight week of increases bringing the average rate to its highest level since December 2000. What's more, some markets flashed rates above 8 % late this week, indicating that there are no signs of mortgage rates slowing down. Sam Cotter, Freddie Mac's chief economist, said, Unsurprisingly, this is pulling back home buyer demand. Now that lack of home buyer demand has been met with a slowdown in new listings as homeowners stay put. New listings declined last week, with this year exhibiting one of the lowest rate of home listings in recorded history. 2020 saw huge numbers of households refinancing into long -term loans at or below a 3 % rate. For many households, that historically low mortgage rate has made selling a financial impossibility with new loan rates as high as they are. So friends, that is the look at the macro. It is dicey out there. There isn't a lot of consensus about exactly what's going on. There is only consensus that it's getting worse, not better. Obviously, all eyes will be on Jerome Powell and the Fed and any indications that they give around their thinking is headed after this non -farm payroll report. And I, of course, will keep you updated as the picture becomes clearer. For now, I hope you are headed into a wonderful weekend in one of the best months of the year. And so until next time, be safe and take care of each other. Peace.
A highlight from "SEC Chair Gary Gensler reiterates tough stance on crypto" Sep 14, 2023
"It's 8 a .m. Eastern, September the 14th, and this is your daily crypto report. Bitcoin is up slightly at $26 ,496, ETH is up slightly at $1 ,625, and Binance Coin is up slightly at $212. SEC Chair Gary Gensler reiterated a tough stance on the crypto industry during a conference, emphasizing that much of the crypto space is non -compliant with securities laws and Gensler expressed concerns that issues in the crypto industry could affect the broader economy by eroding investor confidence. He described the crypto economy as relatively small but potentially impactful. Gensler also highlighted the prevalence of misconduct in the industry and criticized attempts to circumvent regulations, notably he didn't call for new legislation in the sector. Well, crypto services provider Paxos has been identified as the entity responsible for paying an unusually high fee of 19 .89 Bitcoin or around 500k for a Bitcoin transaction involving around just $200. The company acknowledged the error, describing it as a bug on a single transfer, and stated that it had been resolved. Paxos is in contact with the miner in an attempt to recover the funds. With crypto exchange, Hobi has rebranded internationally as HTX and is focused on expanding. The aim is to apply for more licenses in various jurisdictions over the next decade, according to Justin Sun, an advisor to the firm. HTX will serve the English -speaking user base, and the exchange has already obtained seven licenses in different countries, including Lithuania, Dubai, Australia, Argentina, and Brazil. The rebranding aims to make the name more accessible to Western users. HTX plans to involve users in the listing process by holding votes on which crypto projects to list, making it more democratic. Okbank, Thailand's second largest bank, has created a $100 million fund to invest in Web3 and AI startups. Within Web3, it will consider various tech startups, including those involved in ZK proofs and liquid staking derivatives. The fund aims to invest in over 30 startups and funds worldwide, focusing on the U .S., the EU, Israel, and AIPAC. And finally, crypto exchange OKX is aiming for long -term partnerships with sports giants McLaren and Manchester City. Their deal with McLaren is currently in four or five years, and they aim to extend it for a decade. OKX's global chief marketing officer expressed the company's commitment to forging lasting partnerships in the sports world. Well, that's all for us today. Visit us at dailycryptoreport .io for sources and links. And listen to us everywhere else you podcast under Daily Crypto Report. Hey, my name is Lo van Ruemf, and I've been working my ass off as a celebrity stylist by day and a podcast host by night. At the Low Life podcast, it's all about keeping it real. We're talking fashion, beauty to religion, sex, drugs, mental health. I mean, there's no topic off limits here, and vulnerability is mandatory. You can find my podcast, The Low Life, that's L -O, no W, everywhere and anywhere you listen to your podcasts. New episodes are out every Thursday. We'll see you then. It's pretty eerie, you know, you're in a place that no human's ever been before. This is Armchair Explorer, where the world's greatest adventurers tell their best stories from the road. And four of us were swept down the side of the mountain, and then I knew there was no way out of this thing. From the heart pounding to the inspiring and the downright insane. Find Armchair Explorer, a part of APT Podcast Studios, wherever you get your podcasts. Go and find what it is in the world that matches that worldness in yourself.
A highlight from Legend
"And welcome back to cinema vino. We've got a two man game going. It's me and Sean Jordan. Just one little handshake over here. Coming at you. We're like a garage band, two members just coming at you with some hard rock. Tenacious D. Yeah, exactly. Or the black keys, the white stripes. Yeah. Yeah. Both of those. Yeah. Yeah. There you go. Summer Chaos is now, this is the home stretch. Mine Meg. If this is the white stripes. Yeah. I think you're going to have to be. All right. Yeah. You're holding down, you're playing. Lying down the ones and the twos. Yeah. You're playing the quarter notes. That's about it. Yup. No fills. Which is how I like my drums anyway. She made the notes in the vamp up to the chorus. A little bit. That was one of the first songs I learned. There was a little bit of flavor. It was like a rice cake with a little bit of salt on it. Not a lot of salt, but a little bit of salt. Yup. So, this is a penultimate episode of Summer of Chaos. We're going to talk about legend. No, it's not penultimate. We've got this and then we've got Battle Royale. Oh, and then Dread. You're right. Dread. So, this is. And Robocop. This is penultimate to the penultimate. Yeah. Penultimate recording. And then I think Robocop's a gap. It's just kind of in between. Right. We just toss it in just because it sounds. Gap here. Yeah. Just a little bit of something to fill in. It's like a caulk that we used in between some tiles. Don't like that. But that's the metaphor I went for and there you go. It's a grout, ladies and gentlemen. Yeah. Drinking that imagery, won't you? So, we're going to talk about legend with Tom Cruise and we're drinking some white board dough. For those of you who are coming in late to this series, basically, we do a random wheel. We spin a wheel. We put a bunch of varietals on the wheel and also like beer and cocktails. Whatever the wheel picks, that's what we do for the Summer of Chaos. These movies were all picked out at random. We put random movies in the hat, drew them out. So, pretty much anything goes for this entire summer. And so, same thing with wine. Anything goes. So, for this one, we got white Bordeaux. This is Chateau La Fresnel. This is a 2022 white Bordeaux. Little bit of background for those who may not know. We were actually talking about this before the podcast that Bordeaux is now known as a red wine region. But up until about 50, 60 years ago, it was a white wine region. It was known for its white grapes. Bordeaux are going to be... White Bordeaux are primarily Sauvignon Blanc with some Simeon and some Muscadel. There's a few other grapes they mix in there, but those are the main three that you're going to see. Then they're mainly Sauvignon Blancs. Is this kind of like how like the Republican Party and the Democratic Party kind of switched identities somewhere in the like 40s, 50s? Around the New Deal? Yeah. Yeah. Yeah. Basically. Now, it's like five, six to one red wines to white. It used to be the opposite. You'll also see a type of wine made from these same grapes called a Sauternes, which is going to be... It's made completely differently. It's going to be a lot sweeter, a lot more sugary. Those are very fancy, high -end, expensive white wines. So, basically, just from the price tag alone, you'll never confuse a Sauternes with a white Bordeaux. These are going to be more affordable, you know, $15, $20 range. Not super sweet. It's a little more tart, a little peachy? Dry. And the first thing I think of is Sauvignon Blanc. And these will have some characteristics of the same characteristics of other Sauvignon Blancs in the world. They're going to be a little bit grassy, a little bit citrusy, grapefruity. They're going to have some of those same kind of flavors to them. The main thing that's going to distinguish these wines is going to be... I've heard it referred to as minerality. I've heard it referred to as wet concrete. I've heard it referred to as chalk. Tasty. Yeah, limestone. But kind of that dry, refreshing edge that you don't necessarily find in other parts of the world. Kind of like what brings the harshness of mineral water versus the softness of tap. Yeah, exactly. That's a good way to put that. Yeah. It's got like a bite to it. It's got kind of like a... Little edge. Yeah. And you don't find that... Like for example, New Zealand's often been known as grapefruit bombs. Big fruit bombs. And you don't see that as much. This is my favorite region for Sauvignon Blanc. They're balanced. That's why I love French wines in general. They don't go out of the way in any one direction. They're nice and balanced. And so it's great for that. This one has that nice... It's got some grassiness to it. It's got some fruit. But it's dry. And so this would be great. I mean, people say seafood. I'm not a big seafood fan, but kind of a lighter seafood meal is perfect for that. You're not a big seafood fan? Not a big seafood fan. Period? Not really. Shrimp? I mean, I don't mind shrimp. It's not my first thing I go to. Lobster. Yeah, same. Bass. Catfish. I don't mind catfish. I've had some catfish. That's garbage. Catfish is garbage. But I remember when we went to Barcelona, we took a cooking class. It was on our honeymoon. My wife and I, we did a... It was all seafood. We had some paella. We made some paella. We did octopus. We did squid. I mean, we tried the gamut of seafood stuff that they had in the Mediterranean. It was like... That was a good indication. It's like, I don't like this. This is not for me. Yeah, not my taste. It's fair. It's fair. But I will say that we did a wine kind of similar to this, a Spanish white. And yeah, this would be perfect with a wide variety of seafood. Some of the stuff that's bigger and more buttery, you might want to go for a white burgundy, like a chard. But this is a good hot weather, outdoor type of wine. It's nice and refreshing. I like it a lot. Yeah, 25 bucks, not a whole lot of money. But yeah, any good wine store, you should be able to find a nice white Bordeaux section. So look for those while the weather's still warm. But now, legend. Talk about this movie a bit. This was released in the United States April 18th, 1986. So... You say in the United States. Where did it come out before? It was released in Europe the year before. This had a very difficult production. This was a difficult movie to realize. It has a lot going on. So this grossed worldwide $23 million against a $25 million budget. In 86? That's a big budget. Huge. And for several reasons. A big reason for that is that when they started filming, a fire broke out and burned down the 007 studios where they were filming at Leaves in England. So pretty much had to build new sets. That's probably all the magic. Exactly. Yeah, some of the Sprite costumes caught fire. Or the unicorn hair. I can imagine, yeah. It's one wrong look, that unicorn horn. Yeah, it's gone. But they had to build new sets. And Ridley Scott's original cut of the movie ran for between two and a half, three hours. So... Jeez. And the final cut was like, what, hour and a half? Yeah. The version that I watched, I don't know if you saw the original 89 -minute version or if you watched the director's cut. I think I watched the 89 version. Okay, I looked around. I had trouble finding it. That's the version I know the best, so I went back to that one. The director's cut? No, the original. Oh, the original. Yeah. There's a director's cut out there. Is it like two to three hours? No. So basically, when the final cut of this print was released, Ridley Scott watched this cut and freaked out and thought that basically American audience couldn't grasp this much plot. And so he cut the film basically in half, down to 89 minutes. And when it came out, it got mediocre reviews. Obviously, he didn't do well at the box office. He just watered it down too much? Yeah. Gene Siskel put this as one of his worst movies of that year. And the international cut that came out the year before was 93 minutes. And it got a little bit better reviews, but still not great. And then in 2002, somebody found a full work print of the movie in a can somewhere. And so they took that out and restored it, remastered it, and really Scott added about 25 minutes to the cut that the director's cut. So it comes in at like 115 minutes, give or take. And he and Tom Cruise have gone on the record saying that's the version to see. I was going to say, I was reading that Tom Cruise saw the movie in theaters and was like, that's not the movie we filmed. Yeah. That's not it. I mean, you could imagine with that much cut out, it's going to be almost incoherent. It's like a whole other act. Yeah. Yeah. And so basically, the director's cut, yeah, it's a whole other fleshed out thing. And I have seen that once. I saw it when it came out. I think I've got that on DVD somewhere. And the one thing I would say is it does, it adds a few scenes. It makes the motivations a little bit deeper, especially for the character of the darkness and his relationship with the princess, Lily, and the stuff there. It's kind of just, not to cut to the chase, but it just kind of comes out of nowhere. He's just like obsessed with her. He's just like, oh, I must have her. It feels very rushed. It feels like a plot of necessity, not like a plot of, you know, any reason. They're just like, we need to stall him. How do we do it? Love interest. Yeah. And it's like, it's like I'm telling a story to my three -year -old and it's like, I got to kind of get something else in here. You got to kind of yada, yada, yada over motivations. We're coming in for a landing too quick. We got to just shoot. Pull up. Yeah. But so basically, this is a fairly straightforward fantasy story. Tom Cruise plays Jack, who is a protector of the forest. I was a little vague on what exactly he is. Is he a bard? Is he a ranger? I mean, he'd be more druid than anything. Is he a druid? Yeah, I couldn't place what he was supposed to be. It's like, this is where we need Travis. Yeah, he would be. And if Travis had an answer to that, I would be impressed. Because to me, they don't spell that out at all. I guess he would be more of a ranger. Yeah. Because he didn't really have any sort of like shape -shifting ability or had any ability to talk with trees. Really, his only thing was he had like one -on -one connection with the sprites, right? That's about it. Yeah, he had good buddies. A working relationship. And he wore a loincloth. Yes. So there was that. Dude, he was showing that thing off. He was. And that's what I, you know, in that situation, it's like, check out my hairless legs. My supine body. Yeah, check out these smooth legs. But, so Mia Sarah plays Lily. Now, this is her starring debut. Next year, she would go on to play in Ferris Bueller, amongst other things. Her hair when she transforms into a dark version. Awesome. Now, this great production value is great. Everything, costumes, hair. For 25 million, it better be. Yeah. Yeah. And those are real unicorns. Yeah, they better be. Yeah, I mean, now it's like, that'd be 100 million plus to make this thing. Easy. Easy. Easy. So yeah, Lord of Darkness, played by Tim Curry, who is unrecognizable in the mountain of makeup. Honestly, but might be one of my favorite representations of the devil. Yeah. Like, this makeup job is incredible. And in theory, we'll get to this later, that should be great casting to have Tim Curry. Yeah. I almost want to see more of Tim Curry in the face. Like, see more of him, you know. Almost, you know, Faustian devil and Daniel Webster kind of thing, where it's like, you can see like him being rascally or whatever. But yeah, so Lord of Darkness seeks to cover the world in darkness. Plot out the sun. Conveniently, yeah. Typical plot device. For that, he needs the horn of a unicorn, which is the most sacred and majestic of all fantastic creatures. Basically, he wants to take the unicorns out of the world, take the horns out of the world, and the world. The representation of purity. The horn of the unicorn. Yes. The world goes dark. Everything turns into kind of a barren, frigid tundra of darkness. He just has goblins that work for him inexplicably? Yeah, incompetent goblins. Yeah. It's nice. But they rhyme. They talk in riddles. They do. They do rhyme. But you know, he kind of has the James Bond villain of incompetent people working under him, you know. If anything, that's the thing that slows him down as much as, you know, these James Bond villains. Like, you hired a bunch of idiots. He also has, like, the Bond villain thing of, like, doing a lot of monologuing? Yes. Let me vamp for five minutes while you prepare your thing to destroy me. Yeah, let's me blather.
Monitor Show 07:00 09-13-2023 07:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. Use Bloomberg Radio. Us along with many in the street, we're looking for a slowdown and looking for a recession this year. It just hasn't manifested. It's still a very strong labor market. The U .S. economy is far from robust. It's still in positive territory, absolutely, but the momentum seems to be shifting to the downside. I think the consumer is incredibly stretched right now. I think the reaction function of investors is to get out quick if the data starts to deteriorate. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow, and Lisa Abramowitz. The most important data point of the month coming right up. Live from New York City this morning. Good morning, good morning from our audience worldwide. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Farrow. Your equity market on the S &P slightly negative by 0 .1 % on the S &P 500. That data is 90 minutes away. TK, that data, U .S. CPI. It's going to be nominal data there, the core number, and then on top of it the inflation number. We studied it all. We'll give you Michael McKee's treatment here at 8 .30. Just printing moments ago, the 10 -year real yield, John, pops up to a 1 .96%. That's a two basis point move here, and that's underlying churn here between nominal analysis and real analysis. We'll do that at 8 .30. And the difference, Tom, between core and headline within the data itself. Core, we're making progress. Headline, do we have a problem? Lisa, Brent Crude, 92 .65, WTI, 89 .50. There's a big debate. Does headline matter? If you do see a pop up.
Monitor Show 16:00 09-12-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. They still have time to maybe get in on this a little bit here. Yeah, I mean, interesting though on this day where we're seeing the NASDAQ really taking on the chin, the S &P only down a fractionally on the day, but believe it or not, the Dow holding up relatively unchanged on the day, the Russell similar as well. And the S &P 400 mid -caps actually in the green, though only fractionally. You put it all together, once again, a mixed market, you could call it a holding pattern if you will, as we wait, of course, for tomorrow, 8 .30 a .m. Washington time, that big CPI report. Here are the numbers here as we wait for them to settle, the Dow Jones Industrial Average down roughly 16 points, we're going to call that basically unchanged as we wait for the numbers to settle. The S &P down 25 points or about six -tenths of a percent, while the NASDAQ Composite is And the Russell 2000, as we speak, again, waiting for these numbers to settle, poking into the green. Looks like it's going to finish with a fractional gain, a tenth of a percent. There's a little, hey, we'll take it, there's a little bit of green on the screen. Taking a deeper look at the S &P 500. It's called picking up pennies in front of a steamroller. Yeah, that's true. 212 stocks moving higher, 287, Scarlett, in the S &P declining today. All right, let's take a look at how the S &P 500 stacks up when you break it down by 24 industry groups. Energy in the lead there, up by 2 .3%. With all 23 big cap energy names higher on the day as oil prices climb, WTI approaching $89 a barrel. Banks also doing pretty well, led by the likes of Zions and PNC, as they make comments at an industry conference. On the flip side, software and services, that's Oracle. Oracle dragging that group lower. Household and personal products also lower by about 2 % on the day. Yeah, Scarlett hitting the nail on the head when it comes to the gainers that I picked for today.
Monitor Show 13:00 09-12-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. That's six -tenths, one percent, and again, WTI crude oil up over two percent, $89 a barrel. Right now, sound on with Joe Matthew from the nation's capital, Washington, D .C. That starts right now. Bloomberg, sound on, politics, policy, and perspective from D .C.'s top names. Most people, including most Republicans in Congress, understand that we need to get aid to Ukraine. Who's going to take us in a rational way into the future and lead our country? This has really become kind of the new frontier in American politics, is this battle between red states and blue cities. Bloomberg, sound on with Joe Matthew on Bloomberg Radio. The impeachment inquiry is on. Welcome to the fastest show in politics, as Speaker Kevin McCarthy returns from his summer recess with a bombshell announcement, directing his committees to launch an impeachment inquiry into President Joe Biden because of what he calls a culture of corruption involving his son Hunter and the rest of the family, apparently. We're going to talk about this, the political implications of what it might mean for a possible government shutdown with Bloomberg government's Congress reporter Zach Cohen and Insights.
A highlight from Get Ready for Laser Season: Dr. Macrene Alexiades on Everything You Need to Know
"This is the RPD podcast where we are always reaching for truth and beauty. Remember, the brands on the show are not paying to be here, so we get to ask the questions you want answered because you deserve to be informed so you can make the best choices for yourself. And with that said, I'm Amber, and today my fabulous cohost is Dr. Makreni Alexiadis. I hope I got that right. She is a fabulous Greece native. By the way, Greece is one of my favorite places in the world. But a Greek name, so I'm hoping I'm pronouncing that right. She also holds three degrees from Harvard, is a practicing dermatologist in New York City and an all -around amazing, brilliant woman. I'm so honored to have you on the show today, Dr. Makreni. How did I do with the pronunciation? Like a native. Like a fellow Greek, I'm so honored. I mean, so, you know, prior to this, you know, when we were just chatting a minute ago, Greece is one of my favorite places in the world. I've been there three times now. Never to skiros where you are, but it is just magical. Are you? You were actually born in Greece. I wasn't born in Greece, but I'm a dual citizen. I spent half my life here, half my life in America, back and forth. And so that has really inspired me and given me a worldly view and a balanced view. And the Greeks, we were taught the Socratic method from birth, which is to question and to probe and to find the meaning of life. So it has really benefited me as a physician and a scientist and a creative and an artist. And I'm grateful to be able to bring that kind of global viewpoint to everyone. I love that. And again, I find that the Greeks of all the places that had been were the most familial, the most warming, the most, you know, come on into my house, come do this. And also the best tomatoes I've ever had in my entire life. Like it's just the best food ever. Thank you. Well, it's sun and believe it or not, not that much water in the summer and soil makes for fruits fantastic and vegetables. So delicious. You know, so listen, full disclosure, we are recording this. It is still summer, but this will air in September. So with that said, you know, I'm so excited to have you here because you are truly an expert in everything lasers. In fact, you told me you were writing a second textbook while you're there in Greece. Yes. I usually take this time when I'm not seeing patients to work on my academics, which is particularly textbook writing, which requires undivided attention. My first textbook is Alexiadis's cosmetic dermatologic surgery that was published by Walters Kluwer. You can get it on Amazon and it is the first of its kind. It's a disorder based text that takes the reader down an algorithm of the best medical cosmetic, which includes injectables, heels and lasers and surgical treatment options. And it's good for both patients as well as colleagues, dermatologists, plastic surgeons, physicians, who really need to know what the gamut is, the panoply of treatment options that are available. And then my second textbook is on photodynamic therapy. That is with the publisher of Selvia. That is the book that I'm finishing right as we speak. And that is an area of specialty of mine as well. In addition to lasers, it's the use of light to cure disease. Oh, I love that. We've been talking so much about different light therapies, red light therapy, blue light therapy. But I'm hoping that today, that you are really known as a laser expert. And since, by the time this airs, last weekend will have been the unofficial end of summer, even though summer doesn't end for like another few weeks, this is a really great time for people to start thinking about different sort of laser therapies that they can do, right? And so I'm just wondering, when we hit the fall, what are some of the most popular things that you were seeing in your offices? Great questions. And you are right. My patients are planned out months in advance. So I do my fall laser planning in the spring. So patients come in the spring, they start to complain about the things that start to present themselves when we start to get sun exposure, such as brown spots, melasma, hyperpigmentation. And those are not conditions you want to treat in the summer, particularly with lasers, because lasers kick up the heat in the skin, and you can get a tanning like result from that. So we pause on the use of lasers for pigment until the fall. So it starts back up pretty much end of September, beginning of October. And the other is, is that lasers against pigment are not as effective in the summer when you're getting all your sun exposure. So it may actually be working, but it looks to the patient as if it's not working because they're tanning in the summer. So all my laser cases are already fully booked all the way through to the holidays. I mean, yes. And you do have, I don't know, are we allowed to name drop? Can you tell any of the celebrities? Well, I think it's like public knowledge. I leave it to my celebrities. If my celebrities want to mention me and give me some love, and some of them do like Sienna Miller, Brooke Shields, and those guys, it's wonderful, Nikki Hilton. But I really adhere very, very, very strictly to HIPAA. And I know like, I mean, people have called me a billion dollar box office success, which I cherish that title. But my lips are sealed and I just, but I derive a great deal of satisfaction, pride and joy actors at keeping and models in their business, in their work, well until their elder years, which is really a source of pride for me. So on that, do you feel like there are certain things that you recommend kind of everybody does? Of course, we all have different skin types. We all have different conditions, but are there certain procedures now that you were loving, especially coming into the fall, clearly we are too late to book with you, sad, sad, but are there things that you are kind of loving out there for people to be doing this time of year? And are there certain treatments that you love for this time of year? There is no end to what I can do. I mean, I have to say, I was at a dinner party that night and one of the ladies was saying how plastic surgeons or dermatologists told her there was like nothing to be done for her. I have to say, I mean, I am fortunate that I have the embarrassment of the riches of knowledge and experience in both injectables and devices, but really there is no end to what I can do. I can treat in the summer. I am just saying that there are certain devices you do not want to do in the summer, such as fractionated devices, Q -switch devices, picosecond technologies, those are better done in the fall, but I have great treats for everyone all summer long. One of my current favorites is radiofrequency microneedling, which I am honored and acknowledged as, single -handedly, the dermatologist, scientist, and laser specialist who brought this whole genre to market. I sought and attained the FDA approval between 2006 and 2010 for the prototype radiofrequency microneedling device. That one was called the Profound. And since then, we have had a huge crop, a whole generation of devices, such as Morpheus is one that people know about. But there are many different types of genius, infamy, intensive, they are utilized in a way that is safe for all skin colors, all skin types, and can be used in the summer months. So that is one of my all -time favorites for skin tightening, wrinkle reduction, rejuvenation, all summer long, with no risk of downtime or hyperpigmentation. Okay, so let's go back to the fall now, right? So because that's what we're kind of, the season we're coming into, good to know though that radiofrequency can be done year -round, what are your fall -specific treatments? What are the things that you're starting to address now, you know? Okay, so come September, you're done with your summer, Labor Day is over, now we're in the saddle, we're looking at this rung of treatment that is really dedicated to this time of year. When you're in September, be aware that there's still this delayed what we call seasonal lag. You can get this first week in October that's very sunny and warm and it really helps you to be outside. So please delay a little bit in treating your brown spots and hyperpigmentation with devices until October, however, in September, I do start to do some rejuvenation on people who I trust and know are really not going to go out in the sun, so that might include intense pulse like IPL, that is great for getting the summer off. All the sun damage you've accrued over the summer, you can start treating in September and if you're somebody who really is not going to go out in the sun, whether it's because you have kids in school or you yourself are working and you know that even if it's an Indian summer, you won't be outside, then you can treat with rejuvenation lasers such as fractionated resurfacing known as Fraxel, picosecond lasers such as Picogenesis or its predecessor, Genesis laser. These are all devices that are great for rejuvenation, for getting rid of sun damage, which you've accrued over the summer in short order so that especially if you can do a trio, which a lot of times these devices are done three months in a row, a month apart, three treatments. If you do September, October, November, you're ready for holidays. You're ready for Thanksgiving and winter holidays. Now I have to ask you, and I don't want to put you on the spot because do you have a lot of these devices in your office? Oh yeah, I have over 50 lasers and devices in my office. So here's where I'm going to put you on the spot then. Is there one that's like kind of your favorite? It's like asking who is your favorite child. Oh no. No, I mean, you know, my girls will tell you, like they're all my favorites. For example, I have specific devices that are my go -to and my favorite for eyelid tightening. So my claim to fame is that I replaced the plastic surgery with devices and injectables, right? And I'm replacing cosmetic procedures with active ingredients through my macrine actives. So that's been kind of the progression of my career over the last, and I have to say I've been in science for over 40 years, so I've been working really hard for many decades, but the progression was initially replacing plastic surgery with devices and injectables. And I go through phases of what my favorites are and then taking all that knowledge and translating it into active ingredients. So ultimately we can do all this at home, but I will just give you some of my highlights. All right, so if you don't want plastic surgery, be on the lookout for skin laxity, in my opinion, other than like having brown spots and sun damage, which of course does, you know, make you look not so great. I think it is equally important to keep an eye out for jowls and loss of the beautiful like elasticity of the skin that you want, especially in the jawline and neck. If you start to see jowls, if you start to see laxity, intervene earlier with non -surgical alternatives so that you don't end up needing surgery. Give you an example, I've been taking care of a classmate of mine from Harvard undergrad that we were class of like 89 and she doesn't look any different than when we were in college. Why? I have her face memorized and she believes in me so much and in the science and what I've done. She comes every four months like clockwork for all these years, 20 years, getting skin tightening with me with radio frequency devices, infrared light. She doesn't have any jowls, of course, a little bit of filler. And then she uses my actives. So if you were to really prioritize devices in my practice, I would say you want to keep on top of two classes of devices. One are the skin tightening technologies, whether it's around the eyes, jawline or neck or body, if you're down to body now. And then the rejuvenation technologies that we just talked about, IPL, fractionated technologies, genesis type devices to keep the sun damage and wrinkles at bay. And then if you need something more aggressive, you can always go to a CO2 laser, which I'm a specialist specialist in that as well. And that really is in my hands, an art form. I tailor the carbon dioxide and the erbium lasers, which are really our Cadillac devices for those who have more significance on damage in most cases or wrinkles and aging. But honestly, even people who have very light skin that starts to wrinkle a little bit prematurely in their 40s, maybe candidates already. And that, too, prevents the need for, say, blepharoplasty, which is eyelid surgery. It may prevent the need for a facelift because it'll give you enough of a strong rejuvenation.
A highlight from Ep. 115 Talking About 1985, The Year In Music
"Well, here we are, episode 115. And on this episode, I have the wrecking two in the house. Fox Smith and Lou Colicchio from the Music Relish Show. Jack might make an appearance. We'll see. The Mystery Man. Well, either way, we're going to be talking about 1985. The year in music. And probably, you know, give a little update on what the big headlines were and well, it should be a good show. Lots to talk about. Bands that were formed, bands that broke up, all about 1985, right in the middle of the greatest decade ever. Enjoy the show. The KLFB Studio presents Milk Crate and Turntables, a music discussion podcast hosted by Scott McLean. Now, let's talk music. Enjoy the show. Thank you, Amanda, for that wonderful introduction, as usual. Young Amanda, my beautiful little daughter, is, well, she's up in Tallahassee now, back at FSU, and she's riding out of storm. She's riding the storm out. The hurricane went by there. So I think she's okay. I think she's okay. You know, everybody gets all worried. College kids and hurricanes, it's like Christmas and candy canes. They love it. I don't care. They can act all scared. I have no delusions. It was a hurricane party or three going on. No doubt. School was canceled Friday and Monday, you know, for the rest of the week, and then Monday is no. Oh, I'm scared. And then they hang up the phone, it's like, shots, shots. Anyway, welcome back, my friends, to the show that never ends. You know the name of it. I'm not going to say it. We're streaming live right now over Facebook, YouTube, X, formerly known as Twitter, Twitch, Dlive, and I don't know how many other live platforms we're on right now. And so this week we're going to talk about the year 1985 in music. But before we do that, this podcast is sponsored by Hot Jaws Hot Sauce. It's a small batch, handmade hot sauce, and it's really good. It's really good. You can find it at hotjaws .store. Yeah, trust me, that last hot sauce place didn't send me anything. Hot Jaws. And why do I always get hot sauce sponsors? That's a strange thing, but they sent me this jalapeno pineapple. Oh, good lord. Put that on a slice of pepperoni pizza. As my father, my 89 -year -old father says, you'd think you'd died and gone to heaven. So he's not Jewish, so I don't know if they say that. Anyway, again, speaking of pepperoni pizza, it's Mark Smith from the Music Relish Show. Pepperoni porcupine pizza, how you doing? And then speaking of habanero pineapple, it's Luke Galeccio from the Music Relish Show. Greetings. All right. He's doing the Ed McMahon tonight. So you are correct, sir. Look at the last couple of weeks, last month, Lou's been in Paris, right? Actually, it's in the south of France. I have a summer place there. Yeah, and now he's in some hostel in Ireland with the quilt over the back of the couch. He's just touring Europe, and he's bringing all his podcast equipment with him. You guys want to keep it down back there? That's right, you hostel people. Are you hostel bums? I'm a hostel. Don't you think the people that live in hostels and travel, they're kind of like hobos? Yeah, more like a hobo, you're right. I'm traveling Europe. No, you're a fucking hobo. You do have a debit card. In another country.
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
"This episode of Markets Daily is sponsored by Kraken and Simpliras. It's Monday, August 28th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your crypto markets roundup. On today's show, we're talking Bitcoin, Ether, a Solana startup shutdown and more. And just a reminder, CoinDesk is a new source and does not provide investment advice. Bitcoin splumps as bearish outlook engulfs the crypto market. In the early hours of Monday's European session, Bitcoin BTC slid below the $26 ,000 mark. This dip was driven by an overall pessimistic sentiment prevailing among crypto traders, compounded by the absence of fresh driving forces to ignite the market momentum. According to CoinGecko data, BTC experienced a descent to $25 ,886 on Binance, though it did manage a slight rebound thereafter. Other significant tokens like XRP, ADA from Cardano and SOL from Solana also endured losses of up to 2 .2%, extending a downward trend observed since the previous week. A trader said price charts suggest more declines ahead even as large investors are adding on their Bitcoin holdings. Ethereum, the world's largest programmable blockchain and the parent platform of the world's second largest cryptocurrency, Ether, ETH is the cheapest to use in eight months. The total daily fees paid by users for executing transactions on Ethereum fell 1 ,719 ETH, $2 .8 million on Sunday, the lowest single day total since December 26, 2022, according to data tracked by South Korea -based blockchain analytics firm CryptoQuant. The drop happened even as trading aggregator protocol 1inch invested over $10 million worth of stablecoins from its treasury to purchase 6 ,088 ETH late on Sunday. The tally is down 89 % from the year -to -date high of 16 ,720 ETH observed on May 5. This reduction in costs aligns with the heightened activity on Fintech, a platform constructed on Coinbase's Layer 2 chain, highlighting the increasing preference for scalability solutions. According to wallet data from Archam Intelligence, Robinhood, the investing and trading platform, has accumulated more than $3 billion in Bitcoin within a single wallet over several months. This positions it as the third largest holder of Bitcoin, trailing behind cryptocurrency exchanges Binance and Bitfinex, which respectfully holds $6 .4 billion and $4 .3 billion worth of tokens with individual wallets. The transfers gave rise to various speculations, ranging from theories that the Bitcoin holdings could belong to the financial giant BlackRock, which submitted a Bitcoin ETF application earlier this year, to suggestions that the cryptocurrency exchange Gemini might be relocating its user holdings to a wallet. Over a span of three months, Robinhood moved approximately 118 ,300 Bitcoins into the wallet, sourced from various smaller wallets as indicated by the data. Representatives from Archam, in a Telegram message to CoinDesk, verified that these tokens are under the custody of the cryptocurrency trading company JumpTrading. These holdings are securely situated on the Bitcoin blockchain. Commencing on March 8, the initial transactions were conducted, and subsequently, substantial quantities of Bitcoin were transferred until July 14, as depicted by data from BitInfoCharts. Today's market updates come from CoinDesk's Amkar Gabole and Shariah Mawal. Stay tuned for after the break as we delve into the shutdown of clockwork, and explore the latest actions of Sam Bakeman -Friede's legal team.
"8.9" Discussed on Northwest Newsradio
"Aerial rush off. Kwan deloney says he and his wife were just steps away moving into a new apartment when they heard the screams. My wife see the guy yelling. And she saw the baby. He wanted to throw the baby out and she said, don't throw it away. So Tommy go help. Juan quickly balances himself on the window of the floor below. The father handing him the children one just three months old until Juan could no longer hold on himself. We say the three angels. Firefighters were able to rescue the last child and the parents. NBC entertainment news. And so we begins. Yeah, yeah. The only real surprise would be if John Wick chapter four didn't debut in the box office top spot this weekend. Thursday night previews earned an estimated 8.9 million bucks nearly a million more than the projected 8. Yeah. With those early numbers and critics calling it the best film in the franchise, John Wick chapter four could well debut with even more than the top end $70 million pundits are predicting. I am Iron Man. Robert Downey Jr. has been laying kind of low since 20 19s Avengers Endgame, but he's got his eye on a remake of the 1958 Alfred Hitchcock thriller vertigo playing the starring role Jimmy Stewart bate famous. Just dancing with my eyes closed. New music there from Ed Sheeran, eyes closed as the first single from his forthcoming album subtract. Due out may 5th. It's not enough, is it? And The Big Bang Theory's Jim Parsons is 50 Friday. I'm Christopher Watson. ABC News, we'll get you there with more traffic reports here than any other northwest station, traffic every ten minutes on the fours, stay connected
"8.9" Discussed on Bloomberg Radio New York
"A life of Jackson hole Wyoming this morning. Good morning to you. The annual fed get together with chairman powder dressing. The market the world and this economy tomorrow morning at 8 local 10 a.m. Eastern Time. We've got some economic data coming out very shortly. Let's touch base with my McKee for a little bit more. Hey, Mike. Morning John, we're waiting for the numbers to cross right now. I thought you were sending me down here to do a weather report, and I can tell you The Rain just started to let up. So maybe you guys can come down and join me here in a few moments. Jobless claims coming out this morning and I'm losing my connection here, but I'll get the numbers for you in just a second here. Initial jobless claims coming out for last week. And it is kind of crazy because the elements are conspiring against us here. John, if you have the number in front of you, you can go ahead and give that because I don't know why we made you do this in the pouring rain outside of Jackson home. I forgive me for that. It's like the theme tune for this market check. Check. Okay. 243 K is where claims come in. So that's a drop from the previous number two 50. The estimate is 52. That's a better number. It's a better number on jobless claims than two 43. Personal consumption later in 1.5% for the second quarter. This is the extra read we're getting here. The GDP price index 8.9%. What a 4.4%. But to me, the fact that the price index for the second read of second quarter GDP was revised upward, tells you something about the price pressure is to me. All of a sudden that starts to raise a question about where we end the year. What happens if we end the year at 8% CPI? What does that do for federal policy? Annualized GDP quarter on quarter negative 0.6%, the estimate negative 0.7%. Some of the data points, it might be still with us. So Mike, since we just got you drenched in the pouring rain to look at that economic data, I hope what I just said and you can respond to it. Well, I think at this point the issue has been, what is the economy actually doing because of this whole
"8.9" Discussed on Bloomberg Radio New York
"From Bloomberg's world Hank water, I'm Charlie pellett, big day for the U.S. stock market of fed Wednesday, the Dow, the S&P net stack all ripping higher today's stocks rallied bond yields fell as Jay Powell said the Federal Reserve will slow the pace of rate increases while adding that officials will refrain from offering clear guidance on the size of their next move. So here's where we end of the Wednesday session. S&P was up one O two. That was a gain of 2.6%. Dow industrial is higher today by 436 points a gain of 1.4%, NASDAQ up 469 for the NASDAQ composite index that was a gain of just about 4.1%. Ten year yield 2.77%, the two year yield today, 2.97%, spot gold up 1%, 1734, the ounce, West Texas intermediate crude up 3.4% 98 18 a barrel, big day for Bitcoin surging by 8.9%, 22,802 on Bitcoin. Meta platform shares lower after earnings, the apparent company of Facebook and Instagram reported its first ever quarterly sales decline shares moving lower by 2.7%, briefly, we're keeping an eye on four chairs after ours, it reported adjusted EPS for the second quarter that beat the average analyst estimate shares surging 10% after our. So again, recapping, big day for the U.S. stock market today, S&P was up 102 a gain of 2.6%. I'm Charlie pellet, that is a Bloomberg business
"8.9" Discussed on Bloomberg Radio New York
"Love about FX analysis right now and that was Jordan Rochester of Nomura. They're not talking about the ECB next week, Tom. They're talking about Nord stream one coming back online and how much gas comes through it. That's where you're basing your Euro dollar call on right now. In defense of these guys, when it's quiet, it's quiet and when you get big figure moves, which is what they're getting. One full figure, whatever the pair is, they all get lathered up. I mean, I like what she jukes and socks and said about it yesterday. You know, parody, okay, great. Can we move on? You know, it's just a number, but to George, let's be clear, mister Rochester has been dead on. I saw, I think it was zero edge quoting him yesterday, quoting namara yesterday. He's been fantastic, and I'm not criticizing them. That's just what the FX call on the Euro comes down to now is gas supply. A run through things quickly, futures up a third of 1% on the S&P on the NASDAQ of four tenths of 1%. 41 minutes away from CPI in America, yields in a basis .295 76, crewed bouncing back from ugly losses yesterday at 1%, 96, 80. This from city, moments ago, Tom. They're looking for 0.6% month on month core headline year over year 8.9. 8.9 investor attention to upside risk to inflation rather than downside risk to growth. From the America, Andrew Holland horse. This is important. We need to summarize this for those that don't keep score. Holland horse has been way out front on this. He has been in market economics leading the way on a higher terminal rate and nudging, as I said before, to puja, 8.8 out to 8.9 is not a small tenth of a percentage. He's not alone on 8.9 some. There's a couple of banks looking for the same. City at 8.9 HSBC at 8.9 TD at 8.9 golden at 8.9% Deutsche Bank at 9 Lisa. I missed that. There you go Throw Deutsche Bank into the mix Tom. CPI Wednesday. I'm excited. Let's save ourselves with pretty goop to an uncharted of the day. What do you have? Well, it comes down to that exact theme, except in the FX space. Let's take it outside of the United States and talk about the ultimate carry trade that at the end of the day is based on the inflation data I'm talking, of course, about the worst performing currency, the Japanese yen, and the best performing currency, the Brazilian real, that is, of course, if you exclude the Russian ruble and the capital controls there, my chart of the day Tom shows you that ultimate carry trade going back 20 years in the cyclicality of it for our radio audience. Imagine kind of just this ebb and flow, essentially these waves almost that you are seeing over 20 years. The reason I bring up this particular chart is not just because of that carry differential, which of course has been a trade that's been at play in this market in the last I want to say two years or so, but also because this specific currency pair it's now approaching levels we last saw in 2017, which marked a major pivot point that you saw in this major economy. What's interesting here is this time we're hitting that pivot point. And the calls aren't for growth the way that they were back in 2017. Yen real? Unreal. Yeah, in real. Never looked at it. Jeremy stretch has, we'll move over to Jeremy stretch right now. I had a G ten FX strategy at CIBC, Jeremy. Thank you so much for joining us. Good morning. How do you bring this inflation report over to your study of foreign exchange? Well, you're actually right. The inflation print is going to be the defining factor as far as today is concerned. And it really comes back to how much of an aggressive reaction function you're going to price in from the fed, and of course on base case scenario is that until we see a definitive and durable peak in inflation, their markets are going to remain fires towards the left hand end of that dollar smile so that keeps the dollar relatively well supported against the bulk of the major currencies. That includes the Euro and of course that takes us back to that whole debate about parity, whether it's relevant or not. But also, I think we will continue to see the dollar remaining well bid against not only the growth orientated currencies, but also some of those that are related to commodity revenue. So I think it's an overall bias that if we are going to see an upside surprise of inflation, I was just listening to your discussions regarding which houses are looking for an upside surprise. If that is the reaction function, then I think we will continue to see the dollar remaining generalized fair well bid. But Jeremy, we started this segment talking about how a lot of FX strategists have to pay more attention to the dynamic in gas pipelines than they do to the rate policies of different central banks. How important is Central Bank policy at this point given some of the other concerns? Well, Central Bank policy is always important, but I think certainly when you're talking about gas supplies and in effect, we're talking effectively about what's happening in the Eurozone and just listening to those comments and not streaming one. I think those are very relevant. So in a sense, I think from an ECB perspective, we're assuming that there needs to be effectively pre committed itself to its policy narrative as regards next to me. Next week's meeting. So I think it will be an extreme surprise that needs to be able to do anything other than the hype and by 25 basis points. So in a sense, that leads us back to looking at the other key differentials of the key reaction functions in terms of the Eurozone and clearly gas suppliers and evidential concern because of course, no doubt in the army worried about supply, but also we're looking at prices because of course we've seen a substantial uptick in terms of gas prices. So even if supplies come back, we're still going to see competitiveness of the users on manufacturing stocks are being compromised. And that's still labors into that negative Euro narrative, which seems likely to persist over the course of the summer period. Jeremy what are rate highs from the ECP actually achieve? Well, I think from a century bank perspective, you have to remember that what a Central Bank aiming to achieve and particularly those that are predetermined in terms of targeting inflation. It's all about managing or attempting to manage inflation expectations. So in a sense, the ECB has been very late to the party in terms of both ending bond purchases and also looking at to adjust the policy in terms of graduated tightening. But what needs to be our attempting to achieve is to signal to the market that they haven't given up on inflation, inflation expectations still matter. And I think the one point that I would point out in terms of the ECB's favor as we go into next week's meeting, if you look at those inflation expectations, when you're looking at the Eurozone 5 year 5 year inflation swap, that has come back from the sort of extremes that we were seeing a month or two ago when we were well in excess of that 2% target threshold. So we have some inflation expectations remaining relatively anchored and that's partly due to the market anticipating the ECB will
"8.9" Discussed on Bloomberg Radio New York
"Listening to Bloomberg daybreak This is a Bloomberg money minute Apple is apparently managing the computer chip shortage just fine Sales jumped 11% to a record of around $124 billion in the last quarter profit also beat projections and Apple predicted that sales would grow by a double digit percentage in this current quarter Apple benefited from a flood of new products including the iPhone 13 Apple watch series 7 and updated Mac computers Toyota holds onto its crown as the world's top selling carmaker sales rose 10% to ten and a half million vehicles last year marking the second year in a row that Toyota has topped global sales VW was next with almost 8.9 million the lowest in a decade Stocks finished lower and Thursday's trading with tech shares weighing on the NASDAQ which was down just over 1% The S&P 500 declined by about one half of 1% The Dow ended mainly little changed at slipping just 7 points Gina Soviet Bloomberg radio What is dedication The thing that drives me every day is a dad is Ariana We call him odd day for short Every day he's hungry for something whether it's attention affection knowledge And there's this huge responsibility in making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything You had to get everything right It's okay to make mistakes As long as it's coming from love then you know it kind of starts to work itself out I want him to be able to.
"8.9" Discussed on Bloomberg Radio New York
"The best ways to watch inflation is with the break evens Let's get a chance to see what's really going on under the hood the economy has changed Breaking market news and inside from Bloomberg experts You can't have a narrow slice of the country doing well and everybody else doing coral Are we looking at a more damaging rate in the labor market We're looking at late 2021 early 2022 We're really quote unquote normal This is Bloomberg markets with Paul Sweeney and Matt Miller on Bloomberg radio All right we have CPI number ahead of expectation 6.2% That's the amount more that you're paying for stuff than you were this time last year The PPI number yesterday producer price index was 8.9% So some big growth there that should be concerning to especially fed officials we're going to hear from we have an interview with Federal Reserve bank of San Francisco president Mary Daly She's going to talk with our own Michael McKee as well as Alex Steele and guy Johnson and we're going to bring you that interview live as it happens So stay tuned for that Right now we're gonna toss it over to Greg jaret with your Bloomberg business flash Greg Math have CPI report caused a bit of a dip in the markets one that is off earlier lows the S&P is down a tenth of a percent down 5 The dash down a tenth of a percent down 33 and the NASDAQ is down four tenths of a percent down 62 The ten year as we speak is down 1830 seconds the year 1.51% West Texas intermediate crudes down 1.9% on inventories at 82 52 a barrel Collects gold is up 1.3% at 1855 30 announced the dollar yen one 1388 the Euro 1520.
"8.9" Discussed on Bloomberg Radio New York
"At and at Bloomberg quick take He's a Bloomberg business flash Oh Bloomberg world Hank waters I'm Charlie pellet We move into the final arm of trading on this big earnings Thursday We have got the Dow The S&P has stack all advancing S&P at a record but first we begin with Facebook It is renaming itself meta highlighting a shift to an emerging computing platform focused on virtual reality CEO Mark Zuckerberg says quote the metaverse is the next frontier Facebook's name change is the most definitive signal so far of the company's intention to stake its future on a new computing platform the metaverse the new ticker symbol M V R S is effective on December 1st and right now we do have shares of meta moving higher up now by 3.2% Apple and Amazon will be reporting after the closing bell put them goyal is a senior retail analyst at Bloomberg intelligence She'll be paying close attention to Amazon Web Services Amazon's cloud business I think they're going to have a strong number when it comes to AWS such investors will be looking at they reported a 37% increase last quarter and we think consensus for around 33% is a little conservative On the online sales front we've heard from other companies obviously they're dealing with tougher sales comparisons So there's a mid single digit increase expected If they can beat that that would be great news And Amazon up now by 2.3% apple also after the bell it is up by 2.4% Industrial bellwether caterpillar rising after an earnings beat shares of capital up now by 3.2% Ford soaring after lifting forecasts and resuming dividends for chairs up by 8.9% eBay dropped after reporting disappointing results eBay right now is down by 7.4% S&P up 35 above 8 tenths of 1% the dollars of three tenths NASDAQ are by 1.2% ten year yield 1.56% I'm Charlie pellet and that is a Bloomberg business flash This is Bloomberg business week with Carol masser and Bloomberg quick takes Tim steno V on Bloomberg radio So it's official Meta formerly known as Facebook the.
"8.9" Discussed on KFI AM 640
"Heart radio app Tyler Whitman, killing it with the various work related songs for Labor Day. This is the bill handles show. We will have bill at nine o'clock. See what's on his mind about the news of the day, but first, a little handle on the news late Edition. Jennifer Jones, Lee and me the lead story. Is that the $300 weekly jobless benefits and today for millions 8.9 million to be somewhat precise that ends today. That's 8.9 million will lose all unemployment benefits. The federal eviction moratorium is expired. So we're going to see kind of a massive economic ripple now. With these two things happening. I'm so interested to see how this will, in fact how this will impact Unemployment. Are we going to all of a sudden see? Fewer of those help Wanted signs in the window is $1200 in a in a weekly? I mean, if you think about it 300 bucks a week, $1200 a month that can really do a lot. For somebody and then say it's more than one person in the household. Who's getting that? So you're you're a couple and so you were getting an extra $2400 a month. Based on this, so that being said, though, all of a sudden you've now lost $2400 a month is that is that going to be a motivating factor for you to go out? And maybe you're somebody who said I'm getting more money at home that I would if I went and had a job? Are you now going to be forced into a situation that puts you getting a job? There was some research that said that the the idea that it's the the enhanced unemployment benefits that are Motivating people to stay home that that's not really true that that's a very small part of why people are not Rejoining the workforce, You know is that research good or not? I don't know. But there, that's kind of a narrative that's going around now. Here's the thing if 8.9 million people are losing all their unemployment benefits. But there's still about 10 million jobs open. I understand They don't all live exactly in the right place with the jobs where there's complete identity between here's a person losing unemployment, and there's a job near them that they Can do and want to do, but There are a lot of jobs right now, so I'd certainly some of these people will go get jobs and you're right then the labor shortages that some of these industries have seen, hopefully will abate. Little bit, and a lot of those are in hospitality, which I think It's easier to go into a hospitality job and get the training and do it. Let's say, being a server at a restaurant and getting a job as a nuclear technician. At a lab. So maybe this is a win win. In other words, some of these people have lost their benefits won't have any trouble finding a job and also these businesses that have been begging for people to come to work. We'll find some people and I wonder, too. If people who have felt that they have been aged out like you said they're not going to go for these big, you know, nuclear scientist jobs, so they're not going to go into the tech industry. Maybe before, hadn't thought about going into the service sector or hospitality or something. Like that. And now maybe they're going to just, you know, think to themselves. Hey, I've got more people my age looking at jobs like that, or more people who were on unemployment just like me who lost their job Because of the pandemic. It won't be as odd for some of us who are older to go into the hospitality industry is maybe it was Two years ago. I think that's right. We'll have to wait and see whether it's an earthquake in the economy in a bad way, this happening or whether it's just an adjustment. And there's not too much turmoil which is what I'm hoping for. Obviously. Alright, the Taliban says it has taken control of pen. Sheer province, which is north of Kabul. And this apparently was the last holdout of anti Taliban forces. There have been different reports this morning. No, they didn't get it. Yes, they did get it. But for the most part, the credible sources that I'm seeing all say that it was overnight. That you had the Taliban just rushed through and take control of this last remaining holdout, and now the entire country is run by the Taliban. I don't know how much difference it made that you had one province that technically they didn't control in the grand scheme of things, and also now there's some chartered planes that were supposed to get a lot of people out that can't get out. Yeah. According to, um it was called Ascend Athletics, which is a girls group that does mountaineering and hiking things like that teaches leadership through those methods. They, the CEO of the company says that they have girls there in the country that have not been allowed to get out that the Taliban is stopping Americans on chartered planes from getting out. Well, now, what do you do about that? I mean, I know what I do about that, but I'm not in charge of anything. We're still arguing about money for this bullet train. Apparently so good Lord. There's another $4.2 billion in bullet train funding, and it's the subject of a dispute because it's the governor arguing with some of the people in the Legislature because if I understand what's going on, some of the people in the Legislature now are saying, you know, we should take some of this money. And divert it to the Southern California segments and the Bay Area segments of this bullet train instead of just the one in the San Joaquin Valley, Even though I'm pretty sure that's what the bond money was earmarked for, so they want to use it for an unapproved. Purpose and also, we can't even they can't even build the one segment. Right. They can't build the one segment..
"8.9" Discussed on AP News
"An AP News Monette President Biden will be in New Jersey and New York City tomorrow to see the damage from Hurricane Ida Chartered airplane scheduled to fly hundreds of evacuees out of Afghanistan are still on the ground there. AP correspondent Ben Thomas. There are conflicting accounts of why the top Republican on the House Foreign Affairs Committee says the group includes Americans and Afghan interpreters. Congressman Michael McCaul tells Fox News Sunday. They're effectively being held hostage by the Taliban. My concern is they're going to demand more and more, whether it be cash or legitimacy. As the government of Afghanistan. McCall did not specify where his information came from. Ben Thomas Washington, a former Marine who served in Afghanistan is under arrest in Florida, accused of shooting to death four people he didn't know. Police say Brian Riley told them they begged for their lives, and I killed them anyway. They say he appears to have mental health issues. I'm Rita Foley, millions of people across the country are losing their unemployment benefits with three federal programs expiring today. $300 a week. Federal unemployment supplement that began in March expires today, along with two other federal programs that covered the self employed and gig workers and the long term unemployed about 8.9 million people will lose all their unemployment aid as a result. President Biden's administration believes the U. S economy is strong enough not to be rattled by the drop in unemployment benefits. Officials maintain that other elements of the safety net Like the child tax credit and the snap program are enough to smooth things over. As of Friday, the unemployment rate was down to 5.2%. I'm Julie Walker Labor Day weekend has been an unusually busy one for the nation's theaters. Years passed. People.
"8.9" Discussed on WBZ NewsRadio 1030
"Morning. I'm Charlie Bergeron. Here's what's happening. And it's Labor Day 2021, representing a crossroads for millions of Americans that $300 weekly jobless benefit boost that Ended in Massachusetts Saturday ends in other parts of the country today. Here's CBS is Deborah Alfaro's less money, more problems in the voice. This is me yelling and screaming, trying to like you. Like What? What? I'm gonna do what I'm gonna do what I'm gonna do on Labor Day 8.9 million Americans will lose their federal unemployment boost of $300 a week. That's not all other unemployment benefits are also ending for freelance and part time workers. There are jobs to be found. Just not as many as the Biden administration had hoped to see added in the August jobs report other aspects of pandemic assistance, including rental aid. And the expanded child tax credit are still widely available. The Norton Fire Department on the scene where 10 trucks caught fire at the Waste Management facility. Deputy Fire chief says the call came in about six o'clock this morning. They found the 10 trucks in an outdoor parking yard smoldering on fire. Firefighters had to bring in heavy equipment to remove trash. To gain access to the fires. They've got the fires under control. But now there's a Hazmat issue to deal with. The Department of Environmental Protection has been notified because of fuel leaks. Impossible hazardous materials. That might be contained in the burning trash. No word on what caused those fires and Fire Department in Norton says they expect to be on the scene for at least a few more hours. New Jersey Governor Phil Murphy touring Lodi yesterday one of the areas hardest hit by the remnants of Hurricane Ida. The torrential rain and devastating winds left a trail of damage throughout the state. WCBS TV reporter Karen Dylan Governor Murphy got a close up look.
"8.9" Discussed on WIBC 93.1FM
"News on the level on the go. Some Americans losing money radar is clear. Mostly sunny and 60 degrees in the Circle City. Today's high 82. I'm John Herrick here. What's trending at 8 30. Millions of Americans are losing unemployment benefits. Foxes. Rachel Sutherland reports. Federal expanded unemployment insurance is lapsing for millions of people with an estimated 8.9 million, losing all jobless benefits. About 26 States ended the benefits early, saying the extra $300 a week was discouraging some defined work. A federal addiction moratorium has already expired. Some federal pandemic assistance is still available, including rental aid in the expanded child tax credit. Last week, President Biden called on states to extend aid after disappointing August jobs. Report. Rachel Sutherland Foxes. What was your reaction when you heard about the World Trade Center attack 20 years ago. My top, uh, deputy at the time had a long history and defense and he and I looked at each other and said, You know, that's not likely have An accident. Then, of course, the second explosion and Manu former Indiana governor, Mitch Daniels was working inside the White House that day. He later be responsible for finding money in the federal budget for the military actions in Afghanistan and Iraq, His story and others on 9 11 the Hoosier called to courage airs Thursday night at seven right here on 93, W IBC President Biden and First Lady Jill Biden will visit all three sites where the 9 11 attacks happened this week. It was being in New York City, Shanksville, Pennsylvania and the Pentagon. More than 500. Afghan refugees are already in Indiana Shilique, Obama reports and what you can do to help them. People have not been opportunity to even bring their families. So there's a lot of drama RuPaul Fana Walla, the president of the Asian American Alliance, on which TV Her organization is working with disaster relief agency.
"8.9" Discussed on AP News
"This is a P news. I'm Rita Fall lay in Afghanistan. Several airplanes charter to evacuate. Hundreds who are running from the Taliban are grounded. Conflicting accounts about why Congressman Michael McCaul, the top Republican on the Foreign Affairs Committee, says some Americans have been trying to get out of Afghanistan cannot. We had six airplanes Maza Sharif Airport six airplanes with American citizens on them as I speak also with these interpreters, and the Taliban is holding them hostage for demands. Right now. He was on Fox News Sunday with Chris Wallace. The Taliban say they have taken Panjshir Province north of Kabul, the last holdout of anti Taliban forces in the country. Here in the U. S. It's Labor Day, but for millions of Americans, it's a day when they are losing all their unemployment benefits. They came with the government's Covid protection program. The AP's Julie Walker at $300 a week federal unemployment supplement that began in March, expires today, along with two other federal programs that cover the self employed and gig workers and the long term unemployed about 8.9 million people will lose all their unemployment aid as a result. President Biden's administration believes the U. S economy is strong enough not to be rattled by the drop in unemployment benefits. Officials maintain that other elements of the safety net like the child tax credit, and the snap program are enough to smooth things over the destruction left by the remnants of Hurricane Ida have officials and experts agreeing on this. Roads, sewers and housing in the Northeast have to be improved and fast. A former Marine is under arrest in Florida, accused of shooting and killing four people he didn't know. Including a mother and the baby. She was cradling before being arrested. Authorities say he appears to have mental health problems. This is a P news Let's go to the movies with the A P S Ben Thomas Labor Day weekend has been an unusually busy one for the nation's theaters..
"8.9" Discussed on AP News
"Of the government's coronavirus protection package end an estimated 8.9 million people are losing unemployment benefits. With the $300 federal boost to weekly payments expiring. The federal moratorium on evictions has already expired. While other aspects of pandemic assistance, including rental aid, and the expanded child tax credit are still widely available. Millions of Americans face Labor Day with a suddenly shrunken social safety net. Senate Majority Leader Chuck Schumer says Congress should extend the added jobless benefits. I believe in extending it. They're a good number of congressmen and senators who do not. We're going to fight to try and get it. President Biden believes the U. S economy is strong enough not to be rattled. But on Friday, he added, states have the option to extend those benefits. And the federal resources from the rescue plan to do so. Ben Thomas Washington in the wake of deadly flooding in the Northeast from Ida, the Senate majority leader is again pushing to pass legislation he says will help mitigate future storms and combat climate change. Standing outside one of the New York City subway stations that had a waterfall gushing into it. On Wednesday, Chuck Schumer says both the bipartisan infrastructure bill and the reconciliation bill are what's needed. We need big, bold action. To protect us from future storms and prevent future storms from coming. And the bill that we the two bills we have before us in Congress are 12 Punch the $1 Trillion bill to rebuild the nation's crumbling infrastructure passed the Senate but still needs to clear the house. The $3.5 trillion reconciliation bill is still being negotiated. Julie Walker, New York a Guinean Army colonel, seize control of state television and declared President Alpha Conde is government had been dissolved and that the nation's borders will be closed. Gunfire erupted outside the presidential palace just.
"8.9" Discussed on ESPN Chicago 1000 - WMVP
"It does not move my meter whatsoever. You know, you're really into the rants deal. If you're into that, By all means, how about his points, though? For a guy who pitched for 20 years that he is telling you that This is he's wrong in this regard. This regard this regard and that regard Yeah, Yeah, he made he made good points s. So if I needed a 11 through 10 scores Yeah. Yeah, I'll give it a he gave a good effort there lost where words I think people really enjoy Swear words. So let's give it a 7.8. Okay, I 11.8 point. So basically, it's C I'm like it in 8.9. Really? Yeah, I get it The highest record I even tonight before the the legendary the 9.9. That's a nine point is Illinois Iverson's practice Your good one. It's good. That's good. Jim Mora, Uh, where's echo? More squares. Anytime he gets on television, he forgets he's not allowed to swear He swears he's the best there. There's a have you guys ever seen the Jim Mora of clip when he's there? Outside? Analyzing like after a Saints game, and the news team just threw it to the sports team to analyze what just happened in the Saints game. And Maura doesn't realize he is on TV. I don't think I think so. You know, that was in the big those bloopers back today about the new neighbors, blah, blah, blah that he could go blank himself or something like that. Listen, he said that I should next joint for an entire year or two on the set in NFL network, and he definitely did that at least once before. He's the greatest before we get dollars score on it since we mentioned a whole bunch that are legendary rants that people love. Will we go back to this? Sabathia rant? No, I knew this day. Do we have to celebrate? Not only for ransom, Okay, already Too deep like the rent has to do with the news. Make okay. He's just the media guide. All right. It's just like a rant like that you would play from, you know, Cage's or capper. Something like that. I thought it was well done. And I thought he brought up some good points of dollars school. I thought, yes, boy, most of the ground surprise. We haven't spent any time talking about the temper tantrum on the field last night. Without taking the base. Maybe Martinez manager. Yeah, the base out and I think it was gonna get it out of the it's pulling, threw a temper tantrum tweeted like I'll have that That's necessarily needs that wild talks about what job are you allowed to? Could you imagine if our printer didn't work one day and I just took a bat to it like you can't. What do we do? What do we do? We not have Canelo with the dirt on home Play 60 years old, Is he not in a grown man? He's having a temper. Tate didn't know she's tolerating. Martinez is not a 60 year old man. Davies Young 50 Never. He's a grown ass man is what I'm trying to say. No other It also in no other sport is that allowed you don't see a head coaches in the NFL throwing stuff and and kicking the football around and take, you know others, nor do they wear. The uniforms could possibly be sucked into the game. There's two he got ejected. What if they needed him to play left field baseball? What if they needed about there? What if they needed him to pitch well, baseball? What about MIA manager pitch before the season's over involved in what form of life? Do you ever see Two grown people arguing nose to nose the way managers and Umpires used to do you know where the way and then the rocking back and forth, you know, and then getting really, really close without touching and said Ted baseball, It's a temper tantrum on Lee in baseball. Is this Bs allowed? Okay, week just take this ball and I'm going to throw that your head because I don't like your unwritten rule violation Baseball. But I do love it, but it's just weird, and it's dumb and a lot of ways. Okay, Here's what I i you've shortened doubleheaders. Right? Have you not shortened doubleheaders? Yeah, well, you seven inning double header, okay? You start with a guy on second extra innings? Yes. What s so what is the reason for all of these changes? I mean, like, we don't want to tax arms. We want to get thirsty. Right? Then why in the world are they so resistant to just installing the slaughter rule? Just do it. Give up. You have the option to tap out at any point today. It's It's silly, Chris Woodward. Did I bring this up on the air off there? Chris Woodward's manager, the Rangers, he was on the other side. You brought it of the Matisse. Argument last year went to tea set of three all pitch in. He was bitching and moaning. He went back and re evaluated it a year later, and he said, What am I doing? I for 25 years I used to rip guys swinging a three Oh, pitches he goes. I've come to the conclusion that the best picture I ever saw him in the back time and time again was the three Oh pitch and it should have been swinging at them. And these rules are stupid. And they were passed from generation to generation. It doesn't make it right now. No, I'm with you. I'm just saying, like We've added all of these rules in baseball, right? The extra inning rule to me is just copping out. I don't want to hurt my arms or I don't want to have to use my arms. If that's the case, why are we so reluctant to the tap out rule? At the tap game. The tap out is quitting is quitting the biggest violation in sports. You're quitting by putting your first thing on the mound, quote quick as you are. I know they were right behind. I'm not arguing with you. I'm giving you their point of him. I'm arguing them through, you will say, you know, good game. You got us. You've got us today. We'll see you tomorrow for done. Fix your stuff. Okay, Baseball. I love you. But fix your stuff. Quit bitching about things that you could fix very easily. They've got more stuff to fix, too, because a current player that was a former player, A current player, says baseball's big problems. With what's going on with all these no hitters. Do you agree or disagree with this famous picture that's coming up next? You're listening to Waterloo and Sylvia on.
"8.9" Discussed on 860AM The Answer
"More fall out from Biden's cancelation of the Keystone XL Pipeline Union leader of the A F L C E o that Joined with the Chamber of Commerce to prevent Donald Trump. I'm getting four more years now says I wish you'd called us. I didn't know you guy. Lucas Film Man DeLorean star named Gina Carano for the young ones out there. I'm sure you know who she is. She's being hammered for quote, offensive tweet close quote, mocking mask wearing Marking neutral pronouns and other things. Her agency have dropped her. Speaking of cancelation, I'm sure you heard about the he's the hottest country Western star in America. His name is Morgan Wallen. And he's on tape using the N word by by his agency by by all of these record platforms, his record company is putting quote on suspension, Whatever that means. I guess the money still comes in, but he's suspended from looking at it and touching it until a certain date. I don't know what that means. Anyway. He's being canceled. I'm beginning to that in just a few minutes to And Twitter has announced that Trump's band is permanent. Now they already said his band with permanent So now the band is permanent permanent. So you know, like you get like you get life sentences, and then you get out in 18 years. I guess I don't want that to happen, so he's double permanent. My film. Uncle Tom failed to make the list of the 15 nominees for best documentary, even though it had a higher IMDb rating than any of the 15 on the list. And only one on the list had more viewer reviews than Uncle Tom. Um This is what we expected. We tried. We didn't expect that The left wing academy would Even bother to look at the film, let alone to consider it, but they did consider it. There were 258 films considered I'm under. I understand This is the most films considered for that category in a long time in recent memory, certain that people have told me So we were Made the cut. A bunch of people made films. 258 of them were considered by the academy and 15 were selected for nominees again. None raided a tie as Uncle Tom. The highest was One that 8.4 Uncle Tom had 8.9 believe it or not, There was one as low as 5.4. Another 16.5. I mean substantially lower than Uncle Tom. It's ridiculous. And if you go by viewer reviews And that means the number of people that have seen your film and then took the time and energy to write a film review. So I'm assuming the number of reviews have some relationship to the number of people have seen the The film in the first place. Which means that boatload of people saw Uncle Tom far more than soft, the film that made the list But somehow Uncle Tom even though higher rating and apparently greater visibility, I doubt that any of them made the money that Uncle Tom did in terms of the Multiple over the cost of the film. I'd be shocked if any film did what we did in terms of multiple in any case, not completely not too surprisingly, now Triple 8971 S a G. Let's get into the The trial up, Alan Dershowitz was on the Charlie Kirk Show. And E. I don't know why dear. She's not representing Donald Trump. Can you walk some of our viewers and listeners through why you think this entire idea of impeaching a private citizen does not follow the founder's original intent of what impeachment was supposed to be used for? Well, you don't have to listen to me. Listen to James Madison is the father of the Constitution, who he said that the impeachment is only for somebody who's still sitting in office. He said it quite clearly in the federalist papers, and there's no way around that the text of the Constitution's clear as well. It says impeachment is for purposes of removing a president. Once the president's removed. You can also vote to disqualify him, but disqualification doesn't stand alone is remedy if it did. Then the congressman have a roving commission to go through the entire United States and decide who to impeach. You're not too in peace and who to prevent for running for office say the Republicans come up with a young, vibrant candidate to run against Biden. Four years from now, A lot of Democrats have to do is impeach him, even though he's never held office and just disqualify him from running for office or find somebody who ran for Who had a smaller office and earlier office and they can impeach him. That's not what the framers had in mind. What the framers had in mind is not allowing the Senate Put people on trial that's called the bill of Attainder in a bill of attainder specifically prohibited by the Constitution, So there are so many things wrong with this impeachment number one. They have no jurisdiction Number two. It's a bill of attainder number three there impeaching him. Constitutionally protected speech and the impeachment itself is doing a tremendous amount of damage to our constitution. Now. Yesterday I mentioned that the host of Show on CNN named Poppy Harlow turned to historian named Douglas Brinkley. And said, it's from Historias perspective. You know, we know what the outcome's gonna be. Why are we doing this anyway? She asked in a very friendly way, And he said the trial is necessary because You know, at the end of the Second World War, the Supreme Allied Commander Dwight David Eisenhower went to These death camps and saw the horrific horrific treatment. People in these death camps. And he said, this has got to be memorialized and wrote a letter. And said, Make sure we filmed this. Make sure we document this so that nobody could ever deny. That it happened. Okay. The Reason. The Democrats keep playing the fit footage and the video and keep saying We were all there. We were all witnesses it because they were all there and they were all witnesses. Someday they're going to deny that they were there They were witnesses. It was on television. Hundreds of millions of American side So having the trial so that hundreds of million Americans won't down the road, deny what they saw and that the people in the house, especially on the Democratic side, won't somehow..
"8.9" Discussed on ESPN Chicago 1000 - WMVP
"Night coming from the NFL on it's off weekend before the Super Bowl. The L. A Rams acquiring Back man Stafford from Detroit, sending the Lions their own quarterback Jared Goff to future first round picks and a third rounder. Now the trade can't be official until the league's new year starts in March, ESPN NFL insider Adam Schefter The story. Detroit Lions really wanted to get this done and resolved as soon as possible, and there were other teams involved in the process as well, but it quickly became a parent. The Los Angeles Rams wanted Matthew Stafford as badly as Maki Stafford wanted. Then Matthew Stafford was drawn to the idea that he was playing for Chamakh Day in the Rams offense with those weapons in the NBA last night, the Lakers knock off Boston. Beating the Celtics. 96 95 Kemba Walker Missing an open jumper from Boston for the win is the Lakers hold on now in Chicago Bulls can't hold on against Portland. It's Damian Lillard, with the ball down in two seconds left three for the win. Barry did Damian Lillard, the fadeaway three at the buzzer and the Blazers waited 1 23. 1 22. It's a rip city winner along the fun of Rip City Radio 6 20 Day mother with two threes in the final 8.9 seconds for the win Top 25 college basketball, some upsets in the big 10. State. Next up number. 14, Wisconsin by 10 and Purdue Upsets number 21, Minnesota Coming up Monday. We're getting you ready for Super Bowl 55..
"8.9" Discussed on WHAS 840 AM
"19 1st detected in South Africa has been discovered in the U. S. Health officials in South Carolina confirmed two cases of the South African variant. The first known case is in The U. S. The CDC has said it believes this variant is more transmissible, which could lead to higher caseloads. But the CDC says there is no evidence to suggest it is more deadly. Current testing shows the available covert 19 vaccines do work against the variant, but it does appear they may not be as effective as the 95% efficacy that was shown during their clinical trials. Marco Malard ABC News as Indiana's Koba Death Toll nears 10,000 The number of new cases continues to drop. Suzanne Duval has the latest numbers. The Health Department is reporting 2890 new cases and 34 deaths, bringing the death toll to 9504 counting presumptive cova deaths. The total is 9879. Positivity rate has improved steadily for 15 straight days and is now 8.9%, the lowest since October. 29 52 counties still have positivity rates over 10%, including four above the 15% Red Line. Another 35,000 Hoosiers were vaccinated yesterday, including 9400 getting their second and final dose. Suzanne Duval News radio 8 40. Wh A Yes, President Biden is doing what he can to shore up Obama care and Medicaid During the continuing Coburn 19 outbreak. He signed a syriza of executive orders today to reopen the Obama care marketplace and make Medicaid more accessible to low income Americans continued about Cohen 19. Even more critical Americans that meaningful access to healthcare a disturbing story here in Louisville. Ah, woman is in jail, accused.