36 Burst results for "August 11Th"
CoinDesk Podcast Network
SPECIAL REPORT: SBF TRIAL 09/22 Update
"Welcome to the SBF trial, a Coindesk podcast network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk podcast network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. Yesterday was arguably not a great day for Sam Bankman -Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses, questioning at least one's qualifications and saying some others really wouldn't be relevant to the case. Shortly after the Second Circuit Court of Appeals rejected Bankman -Fried's appeal of Judge Lewis Kaplan's ruling to revoke his release on bail. These are both mostly procedural losses. I don't think the appeal denial is a surprise to anyone. Judge Kaplan even joked about his record on appeals in the August 11th hearing where he remanded Bankman -Fried into custody, and indeed the three -judge panel wrote that they discerned no error, much less clear error, in the district court's detention decision. What this means is Bankman -Fried will remain behind bars as his trial begins. Judge Kaplan's ruling is a lot more interesting. On the face of it, yes, he granted the Department of Justice's motion to bar all of the defense's proposed expert witnesses from testifying. But this is more of a mixed bag. The defense can still try and call for the witnesses provided they fill out better disclosures at least three days before they're supposed to testify. The DOJ can still object to the witnesses as well. We already know the DOJ plans to call witnesses as soon as the week of October 3rd, and while we haven't seen a full or final list of witnesses, we do now have some greater clarity about who we can expect to testify over the course of the trial. Gary Wang, Caroline Ellison, an FBI agent, and Peter Easton, a University of Notre Dame professor who will apparently explain FTX's financials, for starters. If the defense successfully calls them up, we may also hear from Thomas Bishop to rebut what Easton says, Brian Kim who may rebut the FBI agent's statements, and Joseph Pimbly to respond to a DOJ witness on FTX's software.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Fresh update on "august 11th" discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"NewsAlerts.net. And welcome everyone just joining us. This is pod episode number 1400 and 16. I'm your host JV. Today is September 29th, 2023, and September is almost officially over as we soon enter October. Let's fricking go. Let's kick off today's show as we do each and every day with our market watch. As you can see here on coin 360, we got Bitcoin currently pulling back some back under that 27,000 resistance, which we climbed above yesterday as a lot of the alts are pumping. As you can see, Ethereum, XRP, BNB, Cardano and Doge. And checking out coinmarketcap.com. The current crypto market cap is on the rise currently at $1.08 trillion. Also the 24 hour volume on the rise, 51% for the day, trading at roughly 40 billion with the Bitcoin dominance at 48.7% and the Ethereum dominance at 18.7%. And checking out the top 100 crypto gainers at the past 24 hours, we got Pepe up 7.5%, followed by SUI up 7.5%, followed by Gala up 7.3%, trading just above 1.4 cents. And checking out the top 100 crypto gainers for the past week, we can see a sea of green, which is good, but some still in the red, the biggest loser XRD down 8.6%. And it looks like the biggest gainer, Gala up 7.1%. And checking out one of my favorite indicators is the crypto greed and fear index. We're currently rated a 48, which is neutral. Yesterday was a 46, last week a 43, and last month a 49, which is neutral as well. How many of you are bullish on the King crypto as we enter October in two more days? Let me know in the comments right down below. And of course, this is a live and interactive show. So make sure you let me know where you're tuning in from. And if you have any thoughts, comments, or concerns, address them in the live chat. And at the end of the show, I'll be reading everyone's comments out loud. Now let's dive into today's Bitcoin technical analysis. Check out the charts and what is popping with the King crypto. Let's go. As you can see here, Bitcoin bounced around 27,000 today, September 29th, as a challenge to the month date highs dragged the Bitcoin price action upwards, as we can see here in the Bitcoin one-hour candle chart. Data from Cointelegraph and TradingView showed the largest crypto attempting to hold gains after a classic short squeeze, as the day prior offered a trip past the 27,000 level, with the Bitcoin bulls unable to seal a fresh peak for September. Topping out at 27,300 on Bitstamp, the Bitcoin price strength returned to consolidate, still up 4% versus the week's low at this time. And analyzing the situation on the lower timeframes, we've got courtesy of derivative markets, with the spot traders selling at the highs. Quoting the analysts here, low timeframe stuff, but pretty clear spot absorption around the high of 27,200 and an important price area to clear for the spot buyers. He also shares alongside this chart, most of the pushup was perp driven with spot trailing price short liquidations and strong perp bid. Now, Sku subsequently noted that the level at 27,200 remained the rejection point on the day ahead of the Wall Street open and going into next week. He added that the market will likely hunt both sides of the book. Quitting him here, yeah, open interest bleeding a bit, but the market is likely to hunt both sides of the book into the next week. Note the spot delta large buyer. Meanwhile, data from monitoring resource CoinGlass revealed the extent of the shorts currently getting squeezed with liquidations reaching a whopping $22 million yesterday, September 28th, largest single day tally in the past 10 days. Now let's discuss Bitcoin's monthly close may be incredibly bullish, setting up our October, continuing the popular synonymous trader and analyst known as mustache on social media. I had a key support reclaim in the making. Quoting the analysts here, Bitcoin is back above the simple moving average 20 line, the monthly closes tomorrow. And he also says if Bitcoin closes above this line, August can be considered a fake out. That would be incredibly bullish. So there you have it. Let me know if you agree or disagree with the analyst. He references Bitcoin's brief spurt past 28,000 into the August monthly close and added that historically the 20 month simple moving average market definitive support after reclaims, which held until Bitcoin made the new all time high. So there you have it, fam. And quoting the high priest of Bitcoin, the one and only Max Keiser, you can only create absolute scarce, perfect money and reproductibility. Once everything after Bitcoin is a failed attempt to reproduce it. And additionally, everything after Bitcoin, it can be argued, is an unregistered security. This is the position taken in El Salvador and the El Salvadoran economy is booming homicides virtually nonexistent. Tourism is skyrocketing and Santander Bank attributes this to Bitcoin maximalism. Well, one thing is for sure, El Salvador turned around from being considered one of the most dangerous countries in the world when it comes to homicides to now becoming one of the safest countries in the world. So how do you do a complete 180 like that? Make Bitcoin a legal tender, just like Najib Bokele. So obviously they're doing something right. Massive shout out to my people of El Salvador. Which country do you feel will likely adopt Bitcoin next as a legal tender? That's the million dollar question. I think it is very likely to occur in 2024. Maybe it's Argentina, maybe it's Brazil, maybe it's Mexico. What are your thoughts, fam? Let me know in the comments right down below. Now let's discuss breaking news regarding Scambank Manfried, the FTX founder. Now I know a lot of you guys don't even like me talking about this gentleman and I don't even know if I should refer to him as a gentleman, but nonetheless, the court trial has been announced. The judge says it can take up to six weeks. So let's break down this latest report and continue where we left off. Massive shout out to everyone just joining us. Make sure to say hello in the live chat. Don't be a stranger, fam. Former FTX CEO, SBF will spend at least 21 days in court as a part of his criminal trial, which means a minimal of three weeks, which will begin in earnest October 4th. Wow, was that six days out? And last until November 9th, according to a newly released trial calendar posted on the public court docket. The bar going trial calendar released September 28th yesterday begins on October 3rd with jury selection. The first official date of SBF's trial is October 4th, where they will begin discussing seven fraud charges laid against him. There are two substantive charges where the prosecution must convince the jury that SBF committed the crime. Five other conspiracy charges involve the prosecution convincing a jury that bank men plan to commit these crimes. Premeditated, right? There are 15 full trial days in October and another six in November. The court will be in a session between October 20th and the 25th. And on the weekends, public holidays also fall October 9th and the 10th. And there is also no trial slated for November 3rd. Right here, you're looking at the trial schedule from the court. And of course, I'll be keeping you posted with all the latest updates here on the show. Now, the former FTX CEO has been serving pretrial detention at the Metropolitan Detention Center since August 11th. And through his attorneys, Bankman Freed has filed numerous motions for temporary release to prepare for the upcoming trial. His latest attempt was a knockback again on September 28th by the U.S. District Judge, suggesting SBF might be a flight risk given his young age and long sentence if convicted, quoting the judge here. If things begin to look bleak, maybe the time would come when he would seek to flee. However, the judge said that he was sympathetic to the defense's concerns and was granted Bankman Freed permission to arrive at court at 7 a.m. local time on most trial days to speak with his lawyers before the testimony begins. And during the hearing on September 28th, Assistant U.S. Attorney Danielle said that the Department of Justice estimated the case to last from four to six weeks. SBF, who pleaded not guilty, faces a statutory maximum of 110 years in prison. Well, I guess that's better than facing 11,000 years in prison. Like, I believe it was a Turkish scammer who scammed people for lots of money, millions of dollars. I don't know if it was billions, just like Bankman Freed, but it goes to show you he can potentially serve the rest of his life in prison. So was it worth it? Sam Bankman Freed, please answer that question. You can answer for him, obviously. Anyways, fam, now let's break down where that $3.4 billion in FTX assets, are they going to be liquidated? And if so, is this going to drastically impact the crypto market? Let's break this down, fam. And again, welcome to everyone just joining us. I appreciate the support. Let's get it. The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the U.S. bankruptcy court for the District of Delaware approved the sale. So it's already approved $3.4 billion worth of crypto assets. The court also approved $1.3 billion in brokerage and government recovered assets as part of the liquidation process with $2.6 billion in cash, bringing the total tally to $7.1 billion in liquid assets. And among the different crypto set for liquidation, Solana tops the pile with a value of $1.16 billion. And then Bitcoin, the second largest asset held, valued at $560 million. Here you can see the digital asset holdings they have with Solana clearly leading the pack, followed by Bitcoin, then Ethereum, then Aptos, USDT, Stablecoin, XRP, Bit, STG, and never even heard of that one. WBTC and WETH, I believe WBTC and WETH are ultimately Bitcoin and Ethereum wrapped. Other assets to be liquidated include that $192 million worth of Ether, $137 million in Aptos, $120 million worth of Tether, $119 million of XRP, $49 million of the buy economy exchange token. Has anyone ever heard of that one? And $46 million in the Stargate Financial, I've never heard of that one either. And $41 million in wrapped Bitcoin and $37 million in wrapped Ethereum. Bitcoin, Ether, and insider affiliated tokens can only be sold after giving 10 days advanced notice to US trustee appointed by the Department of Justice. The court also permitted hedging options for these assets. The allowance of hedging is significant because FTX can use various financial instruments such as futures, options, or perpetual swaps to offset the losses. The ruling drew industry-wide attention due to the significant amount of crypto assets offered for sale and approved, which may be questioning the potential impact of the crypto market. Now, Joshua Garcia, partner at Web3 focused legal firm, Ketzel, told Cointelegraph that determining whether the liquidation was the right decision is challenging. He said the bankruptcy courts have to focus on what is good for the creditors and creditors may care more about the recovery of funds rather than a potential slump in the price of assets being liquidated. He makes great point, quoting him here, whether or not this decision impacts the token price is perhaps not the court's primary concern. The potential or imagined market impact may mean nothing to a judge or creditors committee if it doesn't make creditors whole, at least in the eyes of the court. The concern here is millions of users suffer substantial losses due to the FTX's actions and SPF, making victims as whole as possible is a top priority. Now, the discovery of billions of dollars of liquid assets also relieved many creditors in the case. Market analysts predict that Solana and Aptos prices have the highest chance of facing price volatility. So please do note that if you are Aptos or Solana holder after liquidation based on each token's daily trading volume, as velvet points out here, how much of an impact will FTX's liquidation have on the market? Well, Solana at 81% and Aptos at 74% will have the most impact. Obviously, when you look at the daily trading volume on each token, then we got Bitcoin XRP and BNB liquidations, which have very little impact on the market. So you don't need to worry about Bitcoin dumping as a result. So that's good news for the bulls. Now, FTX liquidation won't risk a crypto market cascade. Obviously, this is great news. Now, another interesting thing here from Anthony Panabianco, a commercial business litigator shared with Cointelegraph. The interesting part is that the court took an additional step to look at the general marketplace for the assets in its granting liquidation of that is the court is looking at protecting both creditors and non creditors for FTX by the manner in which it was ordered the liquidation process. So there you have it, fam. I mean, I'll be keeping you posted as these cryptos do get dumped onto the open marketplace, but we all know it's not going to tank the market. So please don't buy into the hype or believe the FUD, because obviously the mainstream wants you to believe that crypto is dangerous. You know what I mean? That everything is an unregistered security and that it has no hope so they can convince you to get into their CBDCs, which are currently running pilot programs currently all around the world. Now, with that launch in this Monday in like three days, let's discuss this, shall we? Then we'll be discussed the latest regarding the spot Bitcoin ETFs, which are way more important than anything else, followed by these predictions from major, major banks and institutions and hedge managers, including one from Dan Morehead's company, Pantera Capital, predicting $148,000 Bitcoin price action next year in 2024. And then we'll end up with our Q &A like we do each and every day. So, yeah, let's break this down. Let's discuss some Ethereum, shall we? Investment manager VanEck has fired up the marketing engine for its upcoming Ether futures ETF, which some analysts expect could be launched as early as October 2nd. That's right. On September 28th, VanEck released the two Enter the Ether themed TV commercials revealing its Ethereum strategy ETF, ticker EFUT, E-F-U-T, coming soon. And we're not going to watch the commercial here, but I would encourage you to watch it after the show. You can find it. Now, the commercials came on the same day VanEck published a press statement about the upcoming EFUT, stating it'll be listed on the Chicago Board Options Exchange to be managed by Greg Kresner, head of the active trading at VanEck. Bloomberg ETF analyst Eric Valchunas and James Safart believe that TV ads could hint that Ether future ETFs are happening sooner than expected. That's right, because aren't they very expensive to be running these ads? So they must know something we don't know. Safart expects VanEck's new ETF launch on Monday, despite a September 29th document stating it won't take effect for another 60 days. Our understanding is that the SEC is accelerating approvals for these things, as Eric Valchunas and James Safart point out on X. He also says, quick correction, they actually won't be effective until Friday. Same still result. Monday is a launch. Now let's discuss Enter the Ether as if we were entering the Dragon with Bruce Lee in the 1970s. Now here we go. The first of VanEck's Enter the Ether advertisements is a rather short and quirky 15-second video featuring five actors looking at the camera with a deadpan expression and strange alien-sounded music in the background. They share Ethereum, now in an ETF form, coming soon, says an actor. Oh, and hodl or fork off, says another actor before the Enter the Ether message appears at the end of the screen. And again, to watch this, check the show notes below the video in the description as I reference this in the show notes. Now, the second ad appears more straightforward with a 30-second spot suggesting that a shift is coming soon and that Ethereum's gravitational pull will draw everyone in. We shall soon see, right? Valchunas expects more marketing efforts from ETF issuers as ETFs get approved, particularly when the spot Bitcoin ETFs get the green light, quitting him here. It will be a marketing war like we have never seen. Then they will all do the same thing and launch on the same day. Unprecedented. What are your thoughts surrounding that chat? Meanwhile, financial services firm Valkyrie said that it also soon begin offering exposure to Ether through its existing Bitcoin strategy ETF, making it one of the first firms to do so amid the several pending apps with the US SEC. And on September 28th yesterday, Seyfart said in an ex-post, it was looking like the SEC is going to let a bunch of Ethereum futures ETFs go next week, potentially. And this has been obviously generating a lot of buzz. So what are your thoughts? Do you feel that ETFs can be launched, specifically these Ethereum futures ETFs can be launched here in the next few days? Let me know, fam, and how many of you are actually bullish on Ethereum? I'd love to know. Do you think Ethereum is likely to outpace Bitcoin this cycle as Ethereum did the previous two cycles? Or do you think Bitcoin will outpace Ethereum this time around? Let me know your honest thoughts. And like I said, I'll be reading everyone's comments out loud here in a little bit. But now let's discuss the Bitcoin spot ETF, which should be on everyone's mind. I mean, between the ETF and the Bitcoin halving, the two biggest catalysts for 2024. Let's break it down. The US SEC had delayed its decision on several proposals for spot Bitcoin ETFs, including BlackRock, the largest asset manager in the world, ahead of an anticipated government shutdown. The spot Bitcoin ETFs of Invesco, Bitwise, and Valkyrie were also delayed by the SEC, according to a separate September 28th filing when Bloomberg ETF analyst James Seyfart is expecting the apps from Fidelity, VanEck, and WisdomTree. And I heard right before I went live, WisdomTree was also pushed back as well. Come on, no clarity, Gary, when are we finally going to get a Bitcoin ETF in the United States, dude? The latest delays come two weeks earlier than the scheduled second deadline date for many applicants who have been expecting to hear from the securities regulator by October 16th to 19th. So isn't it interesting? Three weeks before the deadline, they decided to push it back and not even wait to tell you that they're going to push it back. Seyfart said that the timing of the delays is related to the expected US government shutdown potentially taking place in two days, which will disrupt the country's financial regulators and other federal agencies. Both chambers of Congress, the House and Senate, have been agreed on various funding bills to finance government operations, and Congress needs to pass 12 separate full-year funding bills by October 1st to avoid a shutdown. So what have they got, like 24 hours left? Let's first deadline was approaching. And meanwhile, the third set of deadlines for the seven firms is around mid-January, and they could also be delayed. So please do note that the SEC will have to make the final decision by mid-March at the very latest. Now, mid-March is right before the Bitcoin halving in 2024, anticipated to take place in April. So this could be major. And in late August, Bloomberg ETF analyst, Balchunes, estimated the probability of a spot Bitcoin ETF being approved by the end of 2023 had increased to 75% from an earlier 65%. He cited the decisiveness at which the US Court of Appeals circuit reached its decision in the grayscale court win over the SEC as the main reason behind the odds increasing. Balchunes further raised the odds to 95% chance of a spot Bitcoin ETF being approved in the United States by the end of 2024. Now, here's what Max and Gary Gensler, the largest bribe, is going to be the first company or institution to get their spot Bitcoin ETF approved. And common knowledge, BlackRock has the most money. This is the name of the game. It's very corrupt up there, fam. This is why the spot Bitcoin ETFs have continued to be delayed for the past freaking decade. That's a very long time. Meanwhile, all of these futures ETFs approve, approve. Why? They can manipulate and control the futures markets in which they cannot do in the spot markets. That's why this is going to be such a game changer. We know the total addressable market is north of $700 trillion. So there's literally trillions of dollars sitting on the sidelines right now just awaiting the approval from the SEC so they can enter Bitcoin. Let's freaking go. And with that being shared, fam, now let's break down our next story of the day and discuss some very bullish predictions for 2024, which is right around the corner, the same year of the Bitcoin halving and the same year that spot Bitcoin ETF is likely to get the approval, we're discussing very bullish all-time highs. So we're talking about entering price discovery mode. So let's break this down from some of the top firms that have very bullish predictions for 2024. Here we go. We got Pantera Capital predicting 150,000 in their August blockchain letup. Pantera Capital, led by Dan Moorhead, predicts possible rise specifically to $147,843 post-2024 halving, employing the stock-to-flow model. They believe the price model suggests valuation of Bitcoin against its scarcity will become more pronounced. And specifically, they stated the 2020 halving reduced the supply of new Bitcoin by 43% relative to the previous halving. It had a 23% as big as an impact on the price. So with history as a reference, this could indicate a hike from 35 Gs before the halving to 148,000 after. Let's freaking go. However, not all Bitcoin supporters are on board, having witnessed failed predictions based on this model in the recent past. Next up, another major institution named Standard Chartered Bank. Their primary shareholder, you guessed it, BlackRock. In a recent research report from July, Standard Chartered Bank offered a bullish outlook on Bitcoin's potential trajectory. The British multinational bank expects Bitcoin's value to ascend to 50,000 by the end of 2023. Let's freaking go. With a potential to soar as high as 120,000 by the close of 2024, this revised forecast from Standard Chartered marks an increase from their previous April prediction, where they projected a top of 100,000 for Bitcoin. So they're becoming more and more bullish, which is a great sign. The upward revision in the bank's forecast is underpinned by several determining factors. Notably, one primary reason cited for the potential rise escalation is the ongoing banking sector crisis. And additionally, the report sheds light on the rising profitability of Bitcoin miners as a pivotal factor, influencing the price trajectory. We also have Gioff Kendrick, the head of FX and digital asset research, emphasizing the instrumental role for the miners. He notes, the rationale here is that in addition to maintaining the Bitcoin ledger, miners play a key role in determining the net supply of newly minted BTC. JP Morgan, I don't care about them, a single AODA. I'm just saying, who cares what Jamie Diamond or JP Morgan has to think? We skip right past those mofos. Matrixport, they're predicting 125,000 by the end of next year. In July, Matrixport, a prominent crypto service provider, predicted the Bitcoin price can surge as high as 125,000 per Bitcoin by the close of 2024, very much in a line with Standard Chartered. This optimistic outlook was based on historical price patterns and a significant signal, Bitcoin's recent breach of 31,000 mid-July, marking its signal the end of the bear market and the beginning of a robust bull market. And by comparing these patterns, the historical data from 2015, 2019 and 2020, Matrixport estimated potential gains of up to 123% within 12 months and 310% within 18 months. Send it, let's go. This translates to a potential Bitcoin price of between 65,000, taking us up to where that current all-time high is, to $125,731 with those respective timeframes. Now we've got to discuss the billionaire venture capitalist Tim Draper and his quarter million dollar Bitcoin price prediction. He maintains his highly bullish outlook on BTC, while his previous prediction for Bitcoin to reach 250,000 by June of this year, obviously didn't materialize. He does remain optimistic about the crypto's long-term potential. In a recent July interview on Bitcoin, he said that Bitcoin's long-term potential in the United States, such as those against Coinbase and Binance, the Bitcoin short-term downtrend. But despite those challenges, Draper continues to believe in Bitcoin's transformation and power and sees it potentially reaching a quarter million dollars per coin, albeit now possibly by 2024 or 2025. His confidence in Bitcoin's ability to revolutionize finance and retain its long-term value remains unwavering. There's another prediction coming from Barenberg for 56,000. I'm going to skip that. We have BlockWare Solutions predicting 400,000. That's right. And an analysis from August titled 2024 halving analysis, understanding market cycles and opportunities created by the halving delved into the intriguing possibility of the Bitcoin price reaching 400,000 per coin during the next halving epoch anticipated in 2024, 2025. Let me know when you feel the epoch will be. I think it's after the halving we hit the cycle high. A central factor identified in the research is the role of the halving in shaping Bitcoin's market cycles. The report asserts that miners responsible for a significant portion of the sell pressure receive newly minted BTC, much of which they must sell to cover operational costs. However, the halving events serve to weed out inefficient miners, leading to reduced sell pressure. And with the supply diminishing due to the halvings, the research emphasizes that demand becomes a primary determinant of the Bitcoin market price. Historical data indicates that a surge in demand typically follows halving events. Facts. Market participants equipped with an understanding of the supply side dynamics introduced by the halvings prepare to deploy capital at the first sign of the upward momentum, potentially leading to substantial price appreciation. This surge in demand is particularly evident in the current on-chain data validating the positive sentiment surrounding the Bitcoin halving event. Now, beyond those notable forecasts, there are a plethora of other price predictions for Bitcoin, ranging from Cathie Wood of ARK and VES, with her ambitious $1 million projection to Mike Novogratz of Galaxy Digital projecting $500,000. We got Tom Lee of Fundstrat Global. We got Robert Kiyosaki. We got Adam Back. We got Arthur Hayes. These are all new all-time highs they're predicting for 2024. But what are your thoughts, fam? Let me know in the comments right down below. Let's take it a step further. We touched upon Pantera Capital and Dan Moorhead with their prediction of $148,000 Bitcoin price in 2024. And let's dive a little deeper, shall we? Bitcoin is far and away the most prominent digital asset on the market. We all know this. And in the latter half of April of next year, the network block reward is set to cut in half, now standing at 625. Actually, I think it's, yeah, 625 Bitcoin per block. It'll be, I think they mean 6.25. It's going to be cut to 3.125 per blow after the halving. And subsequently, a venture capital firm predicts, as a result, Bitcoin is going to soar to $148,000 post halving. So let's go. Quitting them here, the 2020 halving reduced the supply of the new Bitcoin by 43% relative to the previous halving. It had 23% as big an impact on the price, Pantera noted. So if history were to repeat itself, the next halving would see Bitcoin rising to $35,000 before the halving and $148,000 after. Additionally, they forecast the event could facilitate a bull market. He says, we believe the combination of the recent positive events, the XRP ruling and endorsement by BlackRock, et cetera, in addition to the Bitcoin halving expected to occur in April, provides a strong setup for the next bull market for digital assets. Well, let's fricking go. How many of you are bullish on Bitcoin as we enter October and two more days and entering the next Bitcoin halving in 2024, followed by BlackRock ETF, VanEck ETF, Fidelity ETF, Domino Effect, ARK21. Let's fricking go. You can feel my excitement, can't you? And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Bitboy Crypto Podcast
A highlight from Bitcoin Crash NOT OVER! (Sub $20k Incoming?)
"Welcome to BitBoy Crypto! Home of the BitSquad. The largest, the greatest, the most talked about community in all of crypto, folks. You know, I hope everybody saw everything that there was to see, and, you know, now is the time for support. Now is not the time for negativity. And we're just going to continue what we've been doing this whole week, which is give you guys access to information that might give you financial freedom. Does that sound pretty good to you? Sounds pretty good to me. Sounds like a plan to me, Deezy. Alright. Hey, in the Investing Bros, I heard that Deezy, there's a Deezy appearance? There was. Was there a Gary Gensler appearance? The best impersonation of Gary Gensler the world has ever seen, but you got to see it. Okay, yeah, guys, I pulled off my skin and there was scales there. There were scales there. I had a forked tongue. The whole thing, it was very, very lifelike and realistic. Let's just get right into the show, guys. We got a lot of ETF delays. What's happening with that? Who also didn't get delayed? You could probably guess the answer. You could probably type it in right now. You probably know. Also, Bitcoin NetFlows, we got that down. Guys, we got a DMV accepting crypto. There's a 1 in 50 chance it's in your state. Not technically, but close enough. Also, Robinhood and SPF FTX drama happening as well. It's going to be a great show. Thank you for joining, everybody. And guys, this is the Friday before a three -day weekend, at least for the Americans here. Do you guys have any plans for Labor Day? I labor, usually, on Labor Day. Alright, yard work. Love it. Drew, what are you doing? I have to move a building. Alright, we're laboring. We're laboring. Alright, I was in Colorado for rare evo, so I missed out on my yard work as well. I got to check my deer feeding situation. I'm trying to feed the deer, folks. Alright, well, you know what? Let's feed the beast, and that beast is Bitcoin, everybody. Where is Bitcoin going? It is down, folks. It is down, but don't worry. I'm going to show you a chart that's going to make you not feel as scared when you see some of these numbers, but first, we have the market cap. It is down significantly. Down 3 .6%. Bitcoin lost a little bit of dominance here. Market cap coming in at $1 .08 trillion. 24 -hour volume coming in right in the range. We like to see it. 50 billion gas coming in at 45 Gwei dominance. 46 .4 % and 18 .1 % for Ethereum there. Alright, so I said I was going to show you something on a chart that might make you not as fearful. You see Bitcoin down 4 .7 % here. Just refresh. It was 5%. Before that, it was 5 .5%. Let me show you what's about to happen. This is the 24 -hour chart. Guys, it feels like seconds. We are seconds or minutes away from that 5 % to be 4%, to be 3%, to maybe settle out. And in a couple hours, it's going to look like a 1 % or 2 % drop, depending on what the price does over there. So the 5 % is more the pain from yesterday. Just happened 24 hours and 30 minutes ago. So just stick around. We'll check the chart again in 30 minutes. We have ETH down 3 .6%. We have BNB down, XRP down, both down around 3%. Cardano its outperforming peers here. It is only down 1 .7%, gaining the satoshis, as we like to say. Solana now below 20 bucks. What do you feel about a below $20 Solana, Tim? Yeah, no, I mean, that's one. Again, we don't necessarily love Solana, all the things about it. But you can't argue with the results of the price action. I think it's going to at least get back close to previous all -time highs. It's probably going to be in my bag. I think Solana is one that could have an interesting bull run, Deezy. Very interesting. Very interesting. You know, interesting tidbit by Crypt2grave. They actually told us what we're really supposed to do on Labor Day. Go buy a mattress. Supposed to buy a mattress. I might actually, now that you mention it, I am going to go to the furniture store. Shout out to Woodstock Furniture. I got to get some bedside. I have some stands that almost burnt me to death, folks. Stick around at the end of the show. I'll share this story and how these nightstands almost killed me and my fiance. This story is going to blow your mind. But let's get back to crypto, everybody. Let's go to the top. Whoa! TonCoin. I heard it was moving, folks, but I did not know it was moving that well. In this downtrodden market here, it is up 8 .6%. I have a sneaking suspicion it's going to be leading the way here. It certainly is. TonCoin leading the way. ThorChain also. Shout out to CryptoThor. ThorChain up 2 .1%. Iota up 1%. Now let's go to the losers. Probably going to be a bloodbath, folks. It's going to look like an arena in Roman Coliseum here. KuCoin shares down 10%. I have a small amount of KCS. Just a small amount that, you know, just been kind of compounding, you know, staking it. Obviously, way, way down on that. I probably should have just put it into fiat when it was like $50 back in the day. It's probably $30. Rollbit. Rollbit is down a lot. I wish I would have taken some profits three, four days ago. Did not. Now I'm feeling the pain. Theta Network's down. Stacks. Back to Stacks. Tim, Stacks is one of the top four movers again today. Yeah. I don't know why. And also, I say Phantom. You also see a Phantom in there as well. Phantom coming into number six. Number six on the losers. Any coins right here of these top five to 10 losers that you see, hey, maybe we're starting to get close to an entry point. Of these five. Good question. Good question. Optimism. What are your thoughts on Stacks? I don't know a lot about the fundamentals of Stacks. The price action itself, it could be something that you see something more interesting happen. I'd have to go back and loot like some more in -depth technical analysis. I think I've done Stacks TA like once on camera and I don't own any, so I don't do a lot of it even privately. But I mean, my limited access to it, I think Stacks is interesting. All right. All right. DZs. I'm going to say the name now. Finally, I always call it DZs legumes. I think it was DZs peanuts, I believe is the same person. Now it's DZs hairline holding his bag of 2 .5 chain link. Guys, I have four chain link. OK, the just the consideration that I would have less than three is ridiculous. I have four chain like everybody. I will never have less than four. It's only going to go up, folks. It's only going to go up. All right. Let's get real quick. If you do want to, you know, check out as our coin gecko. We also check out coin marketing sometimes, but I like coin gecko more. Which one do you like more? I always use market cap, coin market cap, but gecko, it's solid, too. Honestly, I haven't found a reason to choose one over the other yet. I only choose it because the font is larger on coin gecko on the very, very top right here. So it's a very, very arbitrary arbitrary reason here. Now, what do we have next? We have the top story. It's the ETF delays, folks. It's not looking good. I saw a little we're in the matrix there on the little side camera. But let's talk about what is going on with the ETFs. ETFs delayed. SEC delays verdict on BlackRock's ETF application. Will Bitcoin ETF see the light of day after grayscales win? They decided to postpone its decision on spot Bitcoin ETF applications. Will these proposals be greenlit and win? They did on the ETFs on seven of them, including one submitted by BlackRock. So BlackRock's Wisdom Tree, Invesco, Wise Origin, VanEck, Bitwise and Valkyrie published ETFs in the Federal Register on the 19th. However, they have now postponed it by 45 days. So before they were going to have to rule. Wait a minute, is that Labor Day? No, wait a minute. Saturday? Sunday? Yeah, they were going to have to rule on Labor Day. Looks like now they would never do. They would have done it today would have been they would have done it today. They had to do it on a holiday. They always have to back it up to the previous workday. All right. Thank you, Tim, for the alpha there. All right. So it looks like now they're going to be pushing it until mid -October. Just in time for the Christmas decorations to hit the local Wal -Mart. Actually, that happens in September, right? I always know. Well, I always grew up decorating the day after Thanksgiving. OK, I feel like that's normal. Yeah. When does the store? I don't know. I don't know. I feel like stores start Christmas stuff. And I feel like Drew probably has a really strong opinion on this for no reason whatsoever. But, Chad, should I put out Halloween decorations this Labor Day weekend? We have a big inflatable cat. Shout out to cat. You know, we got to get the cat. So is it too early for my Halloween inflatable cat? I would say you could definitely start Halloween mid to late September. Cryptofeen said, I said I had six Chainlink yesterday. You are a liar. I have three and a half Chainlink. I've always said I have three and a half Chainlink. I've never had anything but 3 .5 Chainlink, everybody. All right, back to the ETF here. To the frustration of those in the industry, SEC can delay its ETF verdicts here for a maximum of about six months. They had already delayed its deadline from Cathie Woods on August 11th. So the latest one comes after they sided with Grayscale. And despite the postponing of the latest series of applications, Nigel Green, founder of the group Devair, said in a statement that Grayscale's victory now makes spot Bitcoin ETFs in the US an inevitability. All right, I'm feeling good about that. I'm feeling positive about that. I'm feeling bullish.
Tech Path Crypto
A highlight from 1228. Cathie Wood Bets on Ethereum | ETH Sports Gambling
"All right, so today we're going to be breaking down a little bit of the strategy of what Cathie Wood is doing around Ethereum. And part of this will be giving you guys some insights as to maybe the direction that ARK is going to take. We'll break it all down for you today. My name is Paul Bear. Welcome back into Tech Path. I want to start with a little bit of a direction of what and how she is holding Ethereum, but some of the projects she's in. And then we'll shift into, on the back half, a little bit more of maybe the future of where the direction is going. So make sure and stick around for both those sides. If you're not subscribed to the channel right now, make sure and subscribe right now. Just click that little subscribe bell. Make sure and hit that little bell so you'll get notifications of our live streams when we do those. All right, so I want to jump to this first story right here. ARK Invest and 21Shares jointly apply for both ETH and Bitcoin futures ETFs. So this is a good sign. Let me zoom in on this for you guys a little bit. Let's zoom in right there. Maybe. Well, maybe not. All right. Cathie Wood's ARK Invest 21Shares jointly applied for two futures exchange -traded funds, products involving both ETH and Bitcoin. And you can also see that 21Shares activates, or active Ethereum, which is going to be called ARKZ. And then the 21Shares active Bitcoin Ethereum strategy will be ETF ARKY. So just so you kind of know where they're coming from. Other scenarios that will play into this, they're going to invest at least 25 percent in the Ether futures product relating to the ETH cryptocurrency, and then they're going to invest 25 percent in Ethereum itself. So there are some big strategy plans, I think, in place with what ARK has really put underway. And I think, as you know, we've covered this topic quite a bit on and around what Cathie Wood has been doing with Ethereum. This last little bit is talking about how they're shifting 21Shares' spot Bitcoin ETF application, and it was delayed on August 11th, which we reported on. And the next deadline for this now is really boiling down to either a rejection or a possible delay on applications from BlackRock, VanEck, WisdomTree, etc. So we've got a lot of those coming in, and that date is set from September 1st to September 4th. So there's a lot happening around that right there. All right. So I want to jump over to this next story. HashKey is starting crypto retail trading service in Hong Kong. This is happening next Monday. Now, one of the things within the story here, you'll see, let me kind of zoom up on that. Now it's fixed there. All of this is set to start offering crypto trading services to retail clients starting August 28th. That's literally this week. So this is a big deal with Hong Kong literally doing Ethereum ETFs over the counter. So this is a potential boom for ETF in general. If you look at some of the news out there, this is a bit underreported. But more importantly, I think there's not really been an impact on the market. Now, granted, it's not going to be available for people in China, but it will be available for all of the Asian markets. So that's the question mark as to whether or not this will be a huge boom for Ethereum. So the exchange will commence its retail trading services for Bitcoin and ETH in the two largest crypto in currencies CERC, obviously. The other thing that is going to be playing into this is this statement right here. One of their officers said, basically, in a bearish market environment, there could be higher risk trading, so -called altcoins. So we hope to offer tokens that come in with relatively low risk, meaning Bitcoin and ETH. So good for them. Haskell also said that this could potentially bring in tens of millions of users who trade Hong Kong stocks on these platforms. Tens millions. of That is a huge number that could be entering the Asian markets. They don't allow Chinese mainland users to register. They do strictly prohibit users from Chinese IP addresses to register on the platform. My guess is there's probably a little bit of activity still coming out of China mainland through VPNs and et cetera. Another thing I want to jump to, and that is this topic right here, Ethereum staking continuing to rise. And that's another reason why we think that there's going to be continued pressure on Ethereum possibly to drive the price. And this is the strategy, I think, that is starting to play out when you look at some of the projects. But we also look at some of the situations around staking. If you look at the article here, I want to kind of break down a few highlights here. Nearly 22 % of the entire ETH supply has been staked. This is currently at press time, so around late August here. Exchanges see less and less Ethereum coming in. That's another factor. And then the Ethereum supply held on exchanges exceed 11%. This metric has undergone a substantial reduction in recent months. So if you think about staking and you look at the percentage of staking supply residing on exchanges right now at around 8 .5%, it basically delays the potential for the sale of ETH. So that means it kind of supports that price. But even if you look at ETH leaving exchanges, that also kind of supports the price because people have to go back into the process of getting it back onto an exchange or into a wallet that they can sell from. So that is another reason why the continued supply shortage and also staking density is so important to ETH price position as a whole.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1376: This Will Send Bitcoin to $1,500,000 - Cathie Wood
"In today's show, we're going to be breaking down the latest technical analysis, as well as Michael Saylor, MicroStrategy and Bitcoin, three years after, now at 153 ,000 BTC on their balance sheet. We'll also be discussing Bitcoin's secondary scare now playing out, warrants top analyst Benjamin Cohen. But how low will the Bitcoin price plunge? We're going to be discussing that. As well as one catalyst which can trigger the Bitcoin price to explode by more than 450 % predicts fund strats. Tom Lee will also be discussing rich dad Robert Kiyosaki predicting Bitcoin rising to a million dollars per coin and gold hitting 75 ,000 while silver hits 60 ,000. If the world economy crashes, we'll also be discussing Cathie Wood confirming her one and a half million dollar Bitcoin price forecast for the king crypto. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome everyone. This is podcast episode number 1376. I'm your fearless host JV and today is stacking Saturday, it's August 19th, 2023. Let's kick it off with our market watch as we do each and every day. We got Bitcoin still in the red unfortunately, but maintaining that 26 ,000 support. We have Ether and many of the alts back in the green, but barely after one of the biggest bloodbaths we have experienced in several months, we have Ether maintaining 1600 and it's just above one trillion. So the entire crypto market cap right now is only a trillion dollars. Isn't that insanity? Now there's 26 billion in volume at the past 24 hours with Bitcoin dominance currently at 48 .1 % with the Ether dominance at 19 % even and checking out the top 100 crypto gainers in the past 24 hours, we have SUI up about 16 % trading at 55 and a half cents, followed by Hedera, HBAR up 11 and a half percent trading at six and a half cents, followed by AKT up 11 % trading at $1 .55 and checking out the top 100 crypto gainers for the past week. Finally, we have many of the alts back in the green, but we have to keep in mind the massive bloodbath with over a billion dollars worth of liquidations practically in the past 48 hours. So naturally a lot of these altcoins are bouncing back after 20, 30 % losses and checking out the crypto greed and fear index, we're currently rated a 39 still in fear. We were in fear yesterday at a 37 last week was a 54 neutral and last month a 56 in green. Greed. So there you have it. How many of you have taken advantage of this recent dip? Please do let me know. BTFD and Staccanem Sats, dollar cost averaging is the name of the game, especially if you're in this for the long haul and also want to ask you where my long -term hodlers at, make some noise in that live chat. Now we're going to do our technical analysis a little bit different today. Why not try something new? And yes, I got some color to my skin because I spent the day at the pool here in Puerto Rico yesterday with my daughter and it feels good. Soak it in those sun rays, free vitamin D, D3. Why not take advantage of it? But anyways, now let's break down our technical analysis. I'm using trading view today. You should be able to see this on your screen. Let me know in the comments. We're going to do the one day right now. It's a sell signal. Sell says 14 neutral is a seven and a buy is a five and you're going to check out these oscillators right here. It says buy and then you have the moving averages is a strong sell signal. You're going to see why here in a moment. Let's start with the oscillators, which you should be able to see on the left on your screen right now. Relative strength index we commonly cover, which is the RSI is a buy signal. The commodity channel index is a buy signal. The momentum indicator is a buy signal. The MACD is a sell signal. The Williams percentage range is a buy signal. We got some neutral signals, but let's check out these moving averages. Check it out. Sell, sell, sell, sell, sell. Everything virtually says sell for moving averages except the whole moving average. I'm not even familiar personally with that metric, but all the major ones, the exponential, the simple moving average, et cetera, all in the sell zone. Very interesting to say the least, but I want to know how many of you took advantage of this dip or are you expecting and anticipating the Bitcoin price to drop even lower? If you're one of those expecting a lower drop, how low would the Bitcoin price likely go? Let me know your honest thoughts in the comments right down below. With that being shared, now let's break down the latest with Michael Saylor and MicroStrategy because it was exactly three years ago today he got his infamous Bitcoin position and now today they hold over 153 ,000 BTC on their balance sheet, which is no joke. Some say when Bitcoin hits new highs, Michael Saylor is going to be amongst the richest persons in this world. That wouldn't surprise me whatsoever, especially with his attitude of there is no second best and continuing to accumulate Bitcoin and never selling, he said, for hundreds and hundreds of years to come, so we shall see how that plays out. All I know is Michael Saylor and MicroStrategy is the smart money, Cathie Wood is the smart money, and I like watching the smart money and not listening necessarily to what they say, but more importantly, always watching what they do. I'm watching you. You know what I mean? Anyways, fam, let's break it down. MicroStrategy's co -founder and executive chair, Saylor, who served as the company's former CEO for over 30 years, continues to remain bullish on Bitcoin three years after his publicly traded business intelligence company decided to make its first Bitcoin purchase. That's right. If you missed the memo, Michael Saylor, his company MicroStrategy was the first publicly traded company to put Bitcoin on its balance sheet. Saylor also made a big price prediction for the asset, believing it could exceed a million dollars per coin. I say that's conservative because I've covered Michael Saylor predictions here on the show of him talking about a $14 million Bitcoin price. Real talk. Now, MicroStrategy made history and headlines. It was August 11th, 2020, virtually three years ago after becoming the first publicly traded company to purchase Bitcoin. The firm initially hinted back in July of 2020 about its plans to invest in assets such as Bitcoin or gold rather than holding cash as a way to escape inflation, with the company later deciding to buy Bitcoin worth a quarter billion, 250 million, and adopting it as a primary treasury reserve asset. And how many of you remember the infamous quote where he compared keeping cash on the balance sheet as a melting ice cube? I'll never forget that personally. And according to Saylor at that time, who was MicroStrategy's CEO, the decision to go for Bitcoin was made because of the crypto, served as a better hedge against inflation and had a higher return on investment compared with other assets. Now, that purchase marked the beginning of several investments amid the crypto's volatile price movements, causing the company to hold a large Bitcoin stash. And in June of 2023, Saylor announced that the business intelligence giant bought 12 ,333 more Bitcoin for $347 million, making it one of the company's largest purchases in a single quarter since second quarter of 2021. And as of July 31st of this year, MicroStrategy officially holds 152 ,800 BTC, which the company said was purchased for roughly $4 .5 billion at an average price of $29 ,672 per BTC. Now the business intelligence software firm is the largest corporate holder of Bitcoin. Besides corporate holders, we have the Grayscale Bitcoin Trust, and they literally control over 400 ,000 BTC, just FYI. Meanwhile in a December 2022 SEC filing, MicroStrategy revealed it sold 704 Bitcoin to generate tax benefits. The sale was a first for the company with the action contrary to the previous statement by Saylor, who said that MicroStrategy would never sell any of its stash. Now Saylor is known as one of the biggest Bitcoin supporters and has continued to promote the asset as far superior to gold, which is fact, calling it digital gold. However, he has not always not been pro Bitcoin. I mean, there was a time it was actually against it. There's an infamous tweet dating back to 2013 stating it would suffer the same fate as online gambling. Meanwhile, online gambling seems to be soaring and thriving better than ever before. And the same thing with Bitcoin. Go figure. Even not a rocket scientist can be right every single time, right? But Saylor's view on Bitcoin has since changed and you got to respect he had the balls to change his opinion publicly. How many people like Peter Schiff refused to ever change their opinion, regardless of how wrong they clearly are. You know what I mean? Now the MicroStrategy executive chair in May of 2022 said the Bitcoin price can go into the millions per coin while stating it is the future of money. We know this is a fact. The following month, Saylor predicted Bitcoin price would skyrocket to a million dollars. And later in September of 2022, the exec said the crypto could be valued at 500 ,000 in the next 10 years if it matches the market cap of gold. And for context, Bitcoin's market cap is currently roughly 570 billion, while gold is currently estimated to be $12 .8 trillion. Now also, Saylor seemed to be unfazed by the ongoing enforcement crackdown on the crypto sector by the SEC, stating the regulators actions could benefit Bitcoin by boosting the asset's price and increasing its market dominance share to 80 percent. Could you imagine Bitcoin continuing to eat these altcoins kind of like Ms. Pac -Man? You know what I mean? I think it's likely to happen in just a matter of time. And Saylor, who served as the CEO of MicroStrategy for 30 years, left his position in August to become the company's executive officer, with MicroStrategy president Fongli serving as the CEO. The American business exec explained that his new role will help him better focus on the firm's Bitcoin acquisition strategy and related Bitcoin advocacy initiatives. So there you have it. The man just wants to focus on stacking more sets. You can't blame him. Much power and respect to him. Shout out to Michael Saylor. If he is one of your favorite Bitcoiners, do let me know. And which one of your favorite Saylor speeches? One of mine is, there is no second best. There's Bitcoin. And you got Bitcoin. Shout out to Saylor. Anyways, fam. Now let's cover our next story of the day and discuss when do you feel the bottom will be in for Bitcoin? Do you think the bottom is already in at 15 .7 or do you think we have lower to go? Let's see what some of the top analysts have to say. This is Benjamin Cohen. Cohen tells his 800 ,000 YouTube subs the current crypto downturn is in line with a pattern that occurs every four years. Quoting him here. The idea behind the secondary scare in crypto comes from the fact the S &P 500 tends to get a correction in August for September of its US pre -election year. As we know, we have a big presidential election in the US next year along with that having. So if we were to look at the 2023, you can see the S &P is in fact getting this correction, which we talked about. The S &P 500 is down a little over 5 % since the start of this month. And according to the widely followed strategist, Bitcoin has plummeted by between 39 and 83%. During the previous secondary scares, quoting him here in 2019, once the secondary scare got underway, once we got below the 20 week moving average, right, or the weekly candle that led us below it, Bitcoin dropped yet another 61%. This one, 2015, was about a 40 or 39 % drop. Then in 2011, you had an 82 .5 % drop before we actually finally bottomed out in the secondary scare. In all three cases in the pre halving year, the S &P dropped in quarter three of the pre -election year, and then Bitcoin entered into a downtrend for a while. And we have three examples, one where we went down about 80%, one where we went down about 40%, and one we went down about 60%. So on how long Bitcoin could fall going by historical precedent, Cohen outlines three scenarios, quoting him again. If it's a 40 % drop similar to 2015, 40 % drop puts Bitcoin at $17 ,500, OK? That would be the lowest. This would basically correspond to his 2015 move that would put Bitcoin at $17 ,500. A 61 % drop, which is what we experienced in 2019, would put it at around $11 ,400. And an 80 % drop would put it much lower, which I will say, I don't think it is going to go nearly that low. And to watch this video he did entitled, Bitcoin, the Secondary Scare Has Begun, check the show notes below the video in the description. And what are your thoughts? Do you agree or disagree with the analysts? My personal thoughts, the lows are already in. They were in a long time ago at the end of last year. We hit that $15 ,700 level. I personally am very skeptical that we'll ever see a sub $20 ,000 Bitcoin price ever again. But I could be wrong in the same token. That's my personal opinion. Is that OK? I'm just telling you how I really feel. I think it's a great discount to take advantage of buying Bitcoin right now, considering the all time high in November of 2021 was roughly $69 ,000. So you tell me the math, where are we at, like a 60, 70 % discount from the top? Not too shabby. I would be stacking stats like there is no tomorrow versus, oh, let's sell my entire Bitcoin stash and buy it back at $15 ,000. What if you're wrong? We don't go sub $20 ,000 and you lose out on a massive position. That could happen as well. I don't like gambling. I'm in this for the long haul and there's nothing like the real thing, baby. And that's the fastest horse in the race. That's the king crypto. We call it VTC. And with that being shared, fam, now let's discuss an $180 ,000 Bitcoin price prediction by the one and only Tom Lee of Funstrat Global Advisors, managing partner Tom Lees, is one of the catalysts which can spur the Bitcoin price to hit. Six figures is going to be Bitcoin ETF approval. Let's break down this Bitcoin ETF, because that's what everyone is talking about right now, right? Quoting him here from this interview, he says, if the spot Bitcoin ETF gets approved, I think the demand will be greater than the daily supply of Bitcoin. And so the clearing price, this is done by Sean Farrell, who is our crypto digital strategist, is over $150 ,000. It could even be like $180 ,000 per coin. A spot US because a spot Bitcoin ETF is approved outside of the US. When they asked him, do you think there will be a spot Bitcoin ETF? And with Bitcoin currently trading at what, roughly $26 ,000, that means he's predicting an appreciation between 467 % and 580%. Let's go send it. Now, on Bitcoin's likely price action, if a spot Bitcoin ETF fails to win approval in the US, Lee shares the following, they're still upside because of the halving next year. Yes, so you have a drop in supply again, so the clearing price has to increase, but it won't be six figures. So he's ultimately saying if we don't get the ETF approval, we can still go to six figures eventually, but not as soon as we would anticipate with the approval of a Bitcoin ETF. So according to the Bitcoin bull, the Federal Reserve's monetary policy going forward will impact crypto assets, quoting him again from this interview. Crypto is dependent on monetary policy, so if inflation is cooling, then we can start to bet on forward financial conditions, easing, and the central bank easing sooner. That's bullish for crypto as well as alternative assets. To watch this video he did on this interview, inflation is on the glide path towards sub 2 % by the middle, check the show notes below the video in the description. Let me know if you agree or disagree with Tom Lee, virtually predicting that the Bitcoin price will likely see 150 and 180 ,000 per coin between that range coming up here in the near future. And again, I'm going to read everyone's comments out loud, so please let me know where you're from and any comments or questions, address them right now in the live chat. Now let's discuss Robert Kiyosaki, the famous Rich Dad Poor Dad author, and his $1 million Bitcoin price prediction, followed by the one and only Cathie Wood of ARK Invest with her doubling down on her $1 .5 million price prediction and how she got to those numbers, you know, dates, et cetera, and everything that comes along with it, and then we'll dive into our live Q &A. Massive shout out to Kiyosaki, Rich Dad Poor Dad was a very influential book in my young adulthood, which absolutely impacted me in a positive way. So give kudos and flowers when they are due. In a tweet on Monday, Kiyosaki explained that while he expects the price of Bitcoin to reach $100 ,000 per coin in the near term, he believes that it can soar to a million dollars, while gold will rise to $75 ,000, I take it he means an ounce, and silver trade at $60 ,000 an ounce if the world's economy crashes, noting, he has been saying for years, that gold and silver are God's money, while Bitcoin is people's money, and he also wrote the following, bad news, if stocks and bond markets crash, gold and silver skyrocket, worse news, if the world economy crashes, Bitcoin will rise to a million dollars, gold to $75 ,000, and silver to $60 ,000. Now would you consider this bad news? If the markets crashed and Bitcoin skyrocketed to a million dollars, that'd be the best news of my life besides the birth of my daughter, just saying. He added that us savers who hold the US dollar will be called fake money, they'll be in serious trouble, noting that the US national debt is way too high, preach. Kiyosaki often said that gold, silver, and Bitcoin are his preferred investments, emphasizing they are the best for unstable times, and following his warning about the global recession, he cautioned in May the world economy is on the verge of a collapse, the renowned author predicted in February the price of Bitcoin would hit $500 ,000 per coin by 2025, the year preceding the halving, and while gold will soar to $5 ,000 and silver will hit $500 during the same time period, he recently started saying that the price of Bitcoin would $100 ,000 this year in 2023, and $120 ,000 next year in 2024, which is the same prediction made by Standard Chartered Bank, and FYI, guess who is the primary shareholder of Standard Chartered Bank? You guessed right, it's BlackRock, and did you know that BlackRock owns even a large piece of micro strategy? That's right, so they're already indirectly invested into Bitcoin, just pointing that out. This week, he urged the investors to buy silver before it's gone, noting that it is more affordable than gold. Kiyosaki has been warning that the US economy is headed for a crash landing, he previously said that America is bankrupt and warned of hyperinflation, the rich dad author has been cautioning that a giant crash is coming for quite some time, many, many years, right? Moreover, he warned that the US dollar will die as the BRICS nations, which include Brazil, Russia, India, China, South Africa, and like 20, 30 plus other nations, plan to launch a common currency, and it's gonna be interesting to see how this plays out and what currency that they select. Could you imagine if BRICS adopted Bitcoin as their currency? Hmm, wouldn't that be a game changer? And also, there's other parts of the world right now with hyperinflation occurring in real time, I think Bitcoin is the only savior, just as it saved El Salvador, and if you translate El Salvador, it translates to the savior, go figure, could it be a coincidence? All by design. Let me know your honest thoughts, fam. And now let's break down our final feature story of the day, that's Cathie Wood of ARK Invest and her prediction of a one and a half million dollar Bitcoin price, send it and let's go, in a forecast case study released in February. Let me know if you can see the screen, I know the text is a little smaller on this particular article, but let me know in the chat, please. ARK Invest presented three scenarios for the crypto market until 2030. The bearish one suggests Bitcoin will just rise to 260 ,000. Not too shabby for a bearish scenario, send it, let's go, while the bullish one foresees a surge to one and a half million dollars per Bitcoin, and in the interview with Bloomberg this week, Cathie Wood said the team's confidence in the bullish scenario has increased. That's great, she's gaining more confidence, let's go. And as you can see outlined here, Bitcoin to likely scale into a multi trillion dollar market, you can see the bear case with a 2030 price target which shows 258 ,500 in this graph on the left, and then followed by that, the base case by 2030 represents 682 ,800 Bitcoin. I'd love that personally, I love all these targets, but could you imagine Bitcoin really hitting 1 .48 million, virtually 1 .5 million by 2030 in a bullish case, I most absolutely can see that happening. Wood believes Bitcoin will continue to establish itself as an insurance option against inflation. And that everyone will want it at the end of the day. Cryptos protect wealth from outright confiscation, great point, inflation and the risk of loss to third parties when stored or transferred. With the adoption of cryptos and the regulatory and legal framework in place, interest in Bitcoin will grow exponentially, I agree 100%. The SEC being flooded with applications right now to launch Bitcoin ETFs clearly indicates the same. ARK Invest teamed up with 21 shares and applied documents ahead of investing giant BlackRock, so they're actually first in line. The SEC has accepted this and other submissions as indicated in public records. A decision is due on 13th of August, but unfortunately, that decision ultimately shared that they were going to push back the decision now until I believe the first quarter of 2024. So sadly, there will be no Bitcoin spot ETF approvals anytime soon this year in 2023. That's the bad news. But some experts agree that BlackRock's participation increases the chances of a positive outcome existing crypto funds have already experienced an influx of capital from institutional investors not seen since quarter four of 2021 when we hit that all time high with over 700 million dollars invested into Bitcoin in just four weeks. So there you have it. And also, you can see here Bitcoin spiral for your cycle and you can see it shows you the bottoms, the halvings, and this is actually a pretty cool chart in this cycle with a record in 2026 Bitcoin will reach the maximum in the range, which is one hundred thousand to a million. I know that's a very wide margin and kind of the same as Stock the Flow model creator Plant B predicting Bitcoin being somewhere between one hundred grand and a million dollars after the halving. And in the next cycle, with a peak in 2030, the price will range from one million to ten million dollars per coin. Well, if you'd like to see a ten million dollar price action, let's freaking go. Now it's currently unknown whether the ARK Invest team was guided by the theory of cycles, but potential investors should consider that forecast and mathematical models give only a idea conditional of further changes. So there you have it, fam. How many of you are in agreement with Cathie Wood of ARK Invest that we likely to see that million dollar Bitcoin price or even above one and a half million by the year 2030, which is roughly seven years out? Let me know your honest thoughts in the comments right down below. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1370: Why You MUST Own at least 1 Bitcoin - Jack Mallers
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. What's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts .net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap .com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial and Security New York has very clear and strict requirements in terms of KYC, know your customer, and anti -money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid -July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional supplies Bitcoin to manage futures positions, a .k .a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack recently Mallers did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2 % as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? Let me know your honest thoughts in the comments right down below, and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
Markets Daily Crypto Roundup
A highlight from CoinDesk Markets Index Week in Review
"This episode of Market Staley is sponsored by Kraken. Good morning. Today is Saturday, August 12th, 2023. This is Market Staley from CoinDesk. George Klud is here and today we have a weekly roundup of market takeaways from our friends at CoinDesk Indices. And just a reminder, CoinDesk is a news source and does not provide financial advice. WonderCraft AI Voice here to give you six crypto markets takeaways from last week. Up first are three takeaways from Tuesday, August 8th. Here, CoinDesk Indices provides week -on -week data over the seven days leading up to Tuesday, August 8th. Bitcoin, up 3 .8 % month -on -month, has lagged in recent weeks as 109 of the 183 assets in the CoinDesk market index have outperformed Bitcoin. Computing, up 2 .4 % month -on -month, leads among sectors as two protocols associated with managing on -chain oracles have seen double -digit returns. Chainlink, up 19 % and API3, up 12%. Two large protocols within the payments space, Stellar, up 47 % and Ripple, up 33%, are among the top 10 performers in the CoinDesk market index over the past month. Stay tuned for after the break when we'll bring you three more takeaways from last week. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, may be subject to capital gains tax. Welcome back. Now for the takeaways from Friday, August 11th. Here, CoinDesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The computing sector, which includes assets associated with decentralized data storage, data transmission and computing power, leads among sectors. This is due in part to the outperformance of shared storage platform Akash Network, up 71%, VPN Protocol Orchid, up 39%, and Oracle provider API3, up 36%. Media Protocol Live Peer, up 56%, stands out this week despite the culture and entertainment sector as a whole, being a relative laggard, down 1%. Like what you're hearing? Head on over to coindeskmarkets .com for more. We'll see you tomorrow. And that's our show for today. Thank you for listening. For those of you still with us, we'd love to hear what you think. You can email podcasts at coindesk .com with the subject line, markets daily. I'm George Kaloudis and this episode was produced and edited by Eleanor Paul with executive production by Jared Schwartz. And just a reminder, CoinDesk is a news source and does not provide investment advice. I'll see y 'all tomorrow.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: CoinDesk Markets Index Week in Review
"This episode of Market Staley is sponsored by Kraken. Good morning. Today is Saturday, August 12th, 2023. This is Market Staley from CoinDesk. George Klud is here and today we have a weekly roundup of market takeaways from our friends at CoinDesk Indices. And just a reminder, CoinDesk is a news source and does not provide financial advice. WonderCraft AI Voice here to give you six crypto markets takeaways from last week. Up first are three takeaways from Tuesday, August 8th. Here, CoinDesk Indices provides week -on -week data over the seven days leading up to Tuesday, August 8th. Bitcoin, up 3 .8 % month -on -month, has lagged in recent weeks as 109 of the 183 assets in the CoinDesk market index have outperformed Bitcoin. Computing, up 2 .4 % month -on -month, leads among sectors as two protocols associated with managing on -chain oracles have seen double -digit returns. Chainlink, up 19 % and API3, up 12%. Two large protocols within the payments space, Stellar, up 47 % and Ripple, up 33%, are among the top 10 performers in the CoinDesk market index over the past month. Stay tuned for after the break when we'll bring you three more takeaways from last week. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, may be subject to capital gains tax. Welcome back. Now for the takeaways from Friday, August 11th. Here, CoinDesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The computing sector, which includes assets associated with decentralized data storage, data transmission and computing power, leads among sectors. This is due in part to the outperformance of shared storage platform Akash Network, up 71%, VPN Protocol Orchid, up 39%, and Oracle provider API3, up 36%. Media Protocol Live Peer, up 56%, stands out this week despite the culture and entertainment sector as a whole, being a relative laggard, down 1%. Like what you're hearing? Head on over to coindeskmarkets .com for more. We'll see you tomorrow. And that's our show for today. Thank you for listening. For those of you still with us, we'd love to hear what you think. You can email podcasts at coindesk .com with the subject line, markets daily. I'm George Kaloudis and this episode was produced and edited by Eleanor Paul with executive production by Jared Schwartz. And just a reminder, CoinDesk is a news source and does not provide investment advice. I'll see y 'all tomorrow.
The Crypto Overnighter
A highlight from 637:FTXs Debt Crisis, Bankmans Bail Revoked, and UKs Ad Ban
"Rockstar Energy Punched, bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, corona extract, and 240 milligrams of caffeine to fuel what's next. Rockstar Energy Drink. Good evening and welcome to the Crypto Overnight -er. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Friday, August 11th, 2023. Welcome back to the Crypto Overnight -er where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we delve deep into Bittrex's recent settlement with the SEC. They're going to pay a pretty penny for noncompliance. We'll dive into the dramatic courtroom saga involving Sam Bankman -Fried and his revoked bail. The Winklevoss twins are back in the spotlight, battling it out with the digital currency group in a legal feud. We'll also explore the aftermath of FTX's collapse and the turbulent asset control feud that's emerged. The UK's crypto advertisement landscape might be shifting as the FCA plans a ban, but not everyone is on board. Finally, the European Union's digital euro project has economists raising eyebrows. Is it destined to fail or just facing some initial turbulence? Stick around as we break down all these stories for you. The US Securities Exchange Commission reached a settlement with Bittrex and its co -founder and former CEO, William Shihara. The settlement arises from allegations that Bittrex and Shihara operated an unregistered exchange. As part of the agreement, Bittrex and Bittrex Global have consented to pay a total of $24 million. This sum comprises $14 .4 million in disgorgement, $4 million in prejudgment interest, and $5 .6 million in civil penalties. The SEC's enforcement director emphasized that companies cannot sidestep liability merely by altering labels or descriptions. The core concern is the economic realities of the offerings. Bittrex's settlement with the SEC is not an isolated incident. The SEC has been actively monitoring and taking action against crypto exchanges that operate without proper registration. This regulatory scrutiny is part of a broader effort to ensure that crypto exchanges adhere to federal securities laws. Bittrex's decision to settle the charges without admitting or denying the allegations is a common approach, which is why the SEC doesn't. They know a lot of these companies can't or won't pay for a sustained legal battle, so they bully them into submission using the threat of a lengthy and costly trial. Easy way to rack up wins. Now, in this case, the settlement is still pending court approval. Bittrex's journey has been tumultuous. After facing enforcement actions from other US regulatory bodies, the exchange decided to cease operations in the US, citing the country's challenging regulatory environment. This decision was followed by Bittrex filing for Chapter 11 bankruptcy. Now, for me, the Bittrex settlement is a stark illustration of the challenges and uncertainties facing the industry. While the crypto community champions decentralization, financial freedom, and privacy, it's evident that the path to these ideals is fraught with regulatory hurdles. Any distrust toward governments and central banks are further deepened by such enforcement actions, which many in the community view as attempts to stifle innovation. Someone else is experiencing some rough seas. FTX's Sam Bankman -Fried seems to be sailing directly into the eye of the storm, with courts weighing anchor on his freedom.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Those, you know, old timers called Naples jazz masters, summer concerts for free. And that's 5 PM is still going to be hot. So get some water and maybe, you know, little something that cools you down, um, and, uh, watch them, give them support, clap, whatever you need to do, just make them feel, uh, the way, how they supposed to feel because they are having a lot of, uh, a lot of passions playing so many years. So that's what we're looking for, uh, on, on Saturday. And with that, I think pharmacist should be in the house right now. He should be, is he coming? Hold on just a second. He's here. Hello. Hello. I am the house pharmacist and what do I prescribe? I prescribe vitamin D and you may ask yourself, what's vitamin D. Well, let me tell you what that is. We want you to tell somebody about divine Naples.com and this podcast every day to go to our Facebook and like us, follow us on Instagram someday. Insta book. No kidding. Hey, you've listened to this podcast today, you know, and you're listening to take vitamin D. Would you tell somebody, anybody, maybe even go and knock on your neighbor's door and say, Hey, you got to hear this podcast. Or just say anybody, even when you're shopping, maybe your Publix where they're giving away million dollar lotto tickets. Tell somebody about divine Naples.com and the Matt and rich podcasts or rich and Matt podcasts, whichever way. Yeah. Well, I'll tell you what, knowing that podcast exists is worth more than free with smile. Next time you're in line, getting your lotto tickets, tell somebody about it. Tell them I should win tomorrow, but you know what? I don't give a damn. I'm going to listen to the podcast. 4-Eleven is in the can, Friday, small Saturday. Please enjoy responsibly. Don't call us if you get arrested because we hardly can bury you out. We don't even go the direction because they know us there. Yeah. Yeah. So with that, we don't have any money anyway. Exactly. We just do this for free. And with that from this Mike Rich. From this Mike Matt. Ciao.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Those, you know, old timers called Naples jazz masters, summer concerts for free. And that's 5 PM is still going to be hot. So get some water and maybe, you know, little something that cools you down, um, and, uh, watch them, give them support, clap, whatever you need to do, just make them feel, uh, the way, how they supposed to feel because they are having a lot of, uh, a lot of passions playing so many years. So that's what we're looking for, uh, on, on Saturday. And with that, I think pharmacist should be in the house right now. He should be, is he coming? Hold on just a second. He's here. Hello. Hello. I am the house pharmacist and what do I prescribe? I prescribe vitamin D and you may ask yourself, what's vitamin D. Well, let me tell you what that is. We want you to tell somebody about divine Naples.com and this podcast every day to go to our Facebook and like us, follow us on Instagram someday. Insta book. No kidding. Hey, you've listened to this podcast today, you know, and you're listening to take vitamin D. Would you tell somebody, anybody, maybe even go and knock on your neighbor's door and say, Hey, you got to hear this podcast. Or just say anybody, even when you're shopping, maybe your Publix where they're giving away million dollar lotto tickets. Tell somebody about divine Naples.com and the Matt and rich podcasts or rich and Matt podcasts, whichever way. Yeah. Well, I'll tell you what, knowing that podcast exists is worth more than free with smile. Next time you're in line, getting your lotto tickets, tell somebody about it. Tell them I should win tomorrow, but you know what? I don't give a damn. I'm going to listen to the podcast.4-Eleven is in the can, Friday, small Saturday. Please enjoy responsibly. Don't call us if you get arrested because we hardly can bury you out. We don't even go the direction because they know us there. Yeah. Yeah. So with that, we don't have any money anyway. Exactly. We just do this for free. And with that from this Mike Rich. From this Mike Matt. Ciao.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"How many calories do you think there's in raspberries? The Bombay? No, just the raspberries, not the sugar. Three? Three. 65. Oh, that's overrated. Yeah. You know, so anyway, and also be encouraged during this time or whatever, if you're gonna, there's recipes out there, everybody can Google things. What is the good recipes for the raspberry Bombay? Bombay. Bombay. You are crazy. Anyway, there's, you know, try to use fresh vegetables, fresh fruits instead of vegetables. Yeah. Use fresh fruit instead of frozen. But if you got to use frozen, you know, give it a shot. And then I have another day that I think is very important today. And that is national father-son day. Father's father. No, national son and daughter day. Yes. So I want to encourage if you have a son or a daughter to go out and try to do something special with them today, or just, you know, acknowledge them, let them know how much you love them. Maybe bring them something. Bombay. Bombay. Yeah, very good. Yeah, well, that's nice. If you have son and daughter, take them for ice cream. Yeah. If you find Bombay, let us know what it is. Or cranberry. One day, which I want to talk about is very important and, and it was part of my life and I will say, don't touch this or can't touch this. Do you know that? Yeah. Oh yeah. Don't, can't, can't touch this. Yeah. That's what's his name from the MC hammer. MC hammer. So Pepsi days. Yeah. So today is the exactly 50 years when hip hop started. Can you believe it? That's amazing. 50 years. So maybe it's a good time to just, you know, hit the, hit the tones in middle of the night with something, some hip top. So your neighbors knows you're celebrating instead of the washing machine. Yeah. Running. Yeah. I just thought I'd mention it. They need to listen to about what you can do on a washing machine. There is so many people that changed the industry and, and the early, you know, stuff that was played, like, you know, the rap music, it was much better than what is today because I don't agree with none of those tunes that's coming out of people's, you know, pie holes. You don't like the rap. No, the words they're using. I don't know. The beat, I can, I can, that's not cool. Yeah. That would be it, you know, just keep it in mind. If you have a DJ today, Friday or Saturday, ask them for maybe one or two songs because it's just the pay the respect. A lot of people, you know, they've been working hard, putting music together and it's, yeah, they have, it's some of them never get enough credit. Yeah. And it's a, that's another crazy industry. There's a lot that goes behind producing a number one hit. Yeah, correct. Yeah. Now let's hit some events which happening tomorrow. We can definitely go to third street farmer's market as always on Saturday between 7 30 and 11 30. You can get a lot of local vendors, fresh produce, maybe coffee. We don't going to be there. So you don't going to get any good coffee, but because the best coffee is here in Naples, coffee and wine bar. And you know, you just, this is one of those days when you can meet some local people that have passions for things they sell and do and support them again. And baby boot camps starts on Saturday at 9 AM to 10 AM certified fitness professionals, instruct exercise classes for pregnant women. So that's just, you know, keep that in mind. Additional to that concert is in Campier park at 5 PM. They're just free concert.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Or cranberry. One day, which I want to talk about is very important and, and it was part of my life and I will say, don't touch this or can't touch this. Do you know that? Yeah. Oh yeah. Don't, can't, can't touch this. Yeah. That's what's his name from the MC hammer. MC hammer. So Pepsi days. Yeah. So today is the exactly 50 years when hip hop started. Can you believe it? That's amazing. 50 years. So maybe it's a good time to just, you know, hit the, hit the tones in middle of the night with something, some hip top. So your neighbors knows you're celebrating instead of the washing machine. Yeah. Running. Yeah. I just thought I'd mention it. They need to listen to about what you can do on a washing machine. There is so many people that changed the industry and, and the early, you know, stuff that was played, like, you know, the rap music, it was much better than what is today because I don't agree with none of those tunes that's coming out of people's, you know, pie holes. You don't like the rap. No, the words they're using. I don't know. The beat, I can, I can, that's not cool. Yeah. That would be it, you know, just keep it in mind. If you have a DJ today, Friday or Saturday, ask them for maybe one or two songs because it's just the pay the respect. A lot of people, you know, they've been working hard, putting music together and it's, yeah, they have, it's some of them never get enough credit. Yeah. And it's a, that's another crazy industry. There's a lot that goes behind producing a number one hit. Yeah, correct. Yeah. Now let's hit some events which happening tomorrow. We can definitely go to third street farmer's market as always on Saturday between 7 30 and 11 30. You can get a lot of local vendors, fresh produce, maybe coffee. We don't going to be there. So you don't going to get any good coffee, but because the best coffee is here in Naples, coffee and wine bar. And you know, you just, this is one of those days when you can meet some local people that have passions for things they sell and do and support them again. And baby boot camps starts on Saturday at 9 AM to 10 AM certified fitness professionals, instruct exercise classes for pregnant women. So that's just, you know, keep that in mind. Additional to that concert is in Campier park at 5 PM. They're just free concert.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Yeah, you know, the cost of the food is it's just something that goes up all the time, now the margin, as you said, is between 23 to 28 percent, and mysteriously people sometimes don't understand when they order a food from UberEats and everything else, they actually charge a restaurant 30 percent, yeah 30 percent, so the restaurant cooking for free, you know, keep that in mind when you're ordering UberEats or DoorDash or some of the other places, because really the restaurants don't have much there, they're just doing it to satisfy the customer, and pretty much, you know, they don't have profit. Right, yeah, and it's also too, I mean, it could probably use up some of the shrink and help, you know, offset some courses or offset some of the costs, but it's not, you know, the trade-off is it's more important to keep the customer happy or whatever, so everybody, we know that if you're in the food business and you're in a restaurant business, we're with you, we know what you go through. Yeah, and I just want to say, every restaurant is also a great employer, they employ a lot of people, the restaurant with maybe 150 seats can easily employ, you know, 50 to 80 employees, so keep that in mind, support our local businesses and restaurants, just be selective, if you go to Olive Garden, we understand, but, you know, if you have a choice and you can make the decision, just always go to the locals because they will give you more. That's right. Let's do it, the national days. Yeah, I got a national raspberry Bombay day. What is that? It's a frozen type dessert, it's delicious. Yeah, do you have it? You know, I think a lot of these Bombay, how do you say it, is that right? Bombay. Oh, it's French. But I think it's a frozen dessert, usually made out of some ice creams and sherberts and different things and you can put, you know, different nuts and everything or whatever you want, it's not like anything, you know, particular, there's many different recipes, but, you know, do you like Bombay? I love frozen desserts. I love everything you say because it comes really nice and tasty out of your mouth. Oh, really? Yeah. Do you know when raspberry season is? No. You don't? No. It's between June and October, isn't it interesting, they put this thing right smack dab in the middle when they're the season for raspberries. So it's perfect timing to find out, see, we're talking about food today, find out if anybody around town has any raspberry desserts, maybe Bombay. That's good. If anybody has a raspberry dessert, maybe you should invite us. Yeah. Bombay. I would like that Bombay. Did you know that? Say it again. Bombay. How many calories do you think there's in raspberries? The Bombay? No, just the raspberries, not the sugar. Three? Three. 65. Oh, that's overrated. Yeah. You know, so anyway, and also be encouraged during this time or whatever, if you're gonna, there's recipes out there, everybody can Google things. What is the good recipes for the raspberry Bombay? Bombay. Bombay. You are crazy. Anyway, there's, you know, try to use fresh vegetables, fresh fruits instead of vegetables. Yeah. Use fresh fruit instead of frozen. But if you got to use frozen, you know, give it a shot. And then I have another day that I think is very important today. And that is national father-son day. Father's father. No, national son and daughter day. Yes. So I want to encourage if you have a son or a daughter to go out and try to do something special with them today, or just, you know, acknowledge them, let them know how much you love them. Maybe bring them something. Bombay. Bombay. Yeah, very good. Yeah, well, that's nice. If you have son and daughter, take them for ice cream. Yeah. If you find Bombay, let us know what it is.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Yeah, you know, the cost of the food is it's just something that goes up all the time, now the margin, as you said, is between 23 to 28 percent, and mysteriously people sometimes don't understand when they order a food from UberEats and everything else, they actually charge a restaurant 30 percent, yeah 30 percent, so the restaurant cooking for free, you know, keep that in mind when you're ordering UberEats or DoorDash or some of the other places, because really the restaurants don't have much there, they're just doing it to satisfy the customer, and pretty much, you know, they don't have profit. Right, yeah, and it's also too, I mean, it could probably use up some of the shrink and help, you know, offset some courses or offset some of the costs, but it's not, you know, the trade-off is it's more important to keep the customer happy or whatever, so everybody, we know that if you're in the food business and you're in a restaurant business, we're with you, we know what you go through. Yeah, and I just want to say, every restaurant is also a great employer, they employ a lot of people, the restaurant with maybe 150 seats can easily employ, you know, 50 to 80 employees, so keep that in mind, support our local businesses and restaurants, just be selective, if you go to Olive Garden, we understand, but, you know, if you have a choice and you can make the decision, just always go to the locals because they will give you more. That's right. Let's do it, the national days. Yeah, I got a national raspberry Bombay day. What is that? It's a frozen type dessert, it's delicious. Yeah, do you have it? You know, I think a lot of these Bombay, how do you say it, is that right? Bombay. Oh, it's French. But I think it's a frozen dessert, usually made out of some ice creams and sherberts and different things and you can put, you know, different nuts and everything or whatever you want, it's not like anything, you know, particular, there's many different recipes, but, you know, do you like Bombay? I love frozen desserts. I love everything you say because it comes really nice and tasty out of your mouth. Oh, really? Yeah. Do you know when raspberry season is? No. You don't? No. It's between June and October, isn't it interesting, they put this thing right smack dab in the middle when they're the season for raspberries. So it's perfect timing to find out, see, we're talking about food today, find out if anybody around town has any raspberry desserts, maybe Bombay. That's good. If anybody has a raspberry dessert, maybe you should invite us. Yeah. Bombay. I would like that Bombay. Did you know that? Say it again. Bombay.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"You know how kids are and just, you know, in general, I mean, young kids, they're not, you know, especially the ones that are between the ages of probably five and what, ten sometimes, they're just rambunctious, they're going, ready to go, not thinking about their environment, just, you know, on to the next thing or whatever they're doing and, and they make mistakes, we just need to be careful and protect them, so a ticket for speeding in the school zone, it will be $500, better not speed in the, no, in the, that's gonna be like a whole weekend something working, yeah, yeah, so just, just a lot of money, keep that in mind, another thing which is, you know, referred to police and actually this would be the, the Florida patrol, highway troopers, they are gonna crack down on all these people driving in the left lane slower than they should be and right now they, I guess, the patient went out of the window and they're gonna be cracking down on everyone where they can see that slows down the left lane which is passing lane and, and, you know, just hold up the traffic and that, that ticket's gonna be really high, yeah, so they, I think they were saying $80 but, you know, not enough, no money to get out of the people that just decide to, to do 20 in the fast lane, daydreaming, daydreaming behind the steering wheel, yeah, you know, in the left lane and thinking nothing's happening because they never check the mirror and there's a three mile long lane, you know, yeah, yeah, you need to, you need to be in the slow lane, yeah, so that's, I believe there's speed limits in terms of the, the slowest you can go on a freeway anyway, yeah, I think that you have to at least be going 40, yeah, no, I think it's 50 miles, okay, 50 miles is the minimum but, I mean, you know, everybody's going like, let's say, the speed limit is 70, yeah, you know, you're supposed to go with the flow of traffic, correct, so 70 is the speed limit, legally, there's a, you know, there's no car in the world which measure exactly the speed, exactly, all the speedometers are actually speed up for three or four miles, okay, for a reason, so they are not exactly because if you, if you take a GPS and, you know, GPS shows you the speed, yeah, yeah, there's a difference, so, you know, cops kind of, you know, they close their eyes, 10 miles, don't take images, information, that's not like telling you to do that, like, 10 miles over the speed limit, they just kind of, you know, let it slide and they know that we need to move the traffic, especially in the, you know, little busy times, yeah, and they're not going to mess with people, commute hours, right, so, so if you're driving 70 and you're not in the middle lane and you're driving 70 on the left lane saying, hey, let me just get on the nerves, everybody in the world because they should not be speeding, you're not there to, you know, to make those laws, you're not there to make the decisions, that's what police job is, so you just should just kind of get in the middle lane or right lane and just kind of slide behind somebody if you want to just whistle down on your road and doesn't care about anybody else, you're not there as a police, you're there as a traveler, so travel with the speed that is in front of you, don't make those other people mad because that's what happens is a lot of people don't have the patience, some of them just, you know, get really upset and then, you know, things happen, so that's one thing, another thing that's really bad news is that Costco is changing, changing rules for free samples, free samples giveaways, when you go to Costco, you know, you remember the times we went to Costco and we had so much fun, yeah, and I get three meals in there, yeah, and I always make, made fun of what all these people, older people, because, you know, they just took a sample, they went around, and maybe made lunch out of it, or sometimes even dinner, you know, they never bought anything in the Costco, just, you know, went there for lunch, so I always just yell at them one per person, and you remember, they always stressed out, they thought I'm working there, yeah, so they now are gonna have like a freestanding, like a kiosk, and you can pull out, you know, like a sample, pre-packed sample, or whatever that's gonna be, because they don't have no employees, they used to employ a bunch of people, you know, like a little aged ladies that been there, you know, they socialized, and a lot of times they sold the items, but now it's just gonna be like a like a box, and you just pull up your sample out of it, so that's another thing that's going on, yeah, should I keep going, or, I mean, you have something, no, I got plenty, go ahead, I got plenty, I can share with you something else, for example, do you know what McDonald's ice cream is with? I'm going to assume that it's not really ice cream, because, you know, we're supporting local businesses, we've been talking about ice cream stores, and Matt has pretty much hands down on what ice cream store we should go to, it's one of his favorite things, yeah, his tongue is pretty long, he's getting to the size of Gene Simmons, because the ice cream just stretched it out, yeah, Gene Simmons is skinny, dude, yeah, and, unless now he's different, we did a show on, is he a little different now, oh, he's always different, oh, Gene Simmons tongue a kiss, yes, yeah, you got it, right, I thought you were talking about the other Simmons that does exercising, that's a Richard Simmons, yeah, you always mistake him, yeah, just remember that's the guy you've been exercising in front of the TV, right, so Gene Simmons is now, yeah, so we support local businesses, we really want you to go to, you know, for ice cream to place that, you know, we have here, and it's part of our community instead of McDonald's, so I'm just going to give you that information, because it's really interesting, so real ice cream is a couple ingredients, it's very simple, right, you just have to freeze it out the right way, milk, sugar and cream, that's it, and if you're adding some kind of flavors, usually natural flavors, you don't want lemon, you squeeze the lemon, pistachio, you crush the pistachio, you know, just like stuff like that, I don't eat lemon and pistachio ice cream, pistachio ice cream is good, I like chocolate, strawberry, no, McDonald's contains stabilizers and preservatives to keep fresh and maintain its texture, now let me just give you a couple of those things, it's soft ice cream, first one is carrageen, guar gum, whatever this is, gum, celerose gum, and mono digli serides are some of these components, they don't even say ingredients, it's components, that's just, now what you're saying is it's not ice cream, because I didn't hear any milk, it's nothing to do with ice cream, yeah, I mean, you know, is there any sugar, it's got to be nothing, I don't know, that's maybe a component, yeah, fake sugar, yeah, so what I want to say is, I don't wonder why McDonald's machines are broken all the time, because these components, it sounds like something that needs to run through an engine, it's like you put the components together, it's like chemistry class, yeah, and the machine is burned out, yeah, it's like putting gas into the combustion engine, I was going to say, you know, I mean, there's nothing ice cream about that, but don't ruin, you know, don't ruin going to McDonald's for people, I'm not ruining it, I'm just telling you, you know, why would you go there now, I'm still gonna go, yeah, I don't, I will support somebody local, yeah, you don't go there, because you don't like yellow cheese, the yellow cheese is not a story, I will find out some info about that, later on, we'll do that, you can do your little fire story on it, you don't believe me, I've seen it, one day you got all over me, because I brought yellow cheese here, I don't eat that, that's not even, Boris Head yellow cheese is made with the real natural food coloring, it's, and you still won't eat it, it's not, the yellow cheese, let me finish, okay, yellow cheese doesn't even contain 50% of the milk, so FDA cannot even, you cannot even market it as a cheese, okay, because it's not cheese, there's no 50% of the any type of milk product, I got that, I'm telling you about Boris Head, have you ever seen the yellow milk, no, okay, good, so that's, I was just saying, I was just telling you about Boris Head though, because they make their own food coloring that's natural, I know you still won't eat it, McDonald's, I'm bringing you a piece of yellow cheese, McDonald's makes their own ice cream too, I will not eat it, okay, components, that's really interesting, all right, Naples has somewhere around 950 restaurants, did you know that, that's, yeah, I didn't know exact number, but I knew that it was in the hundreds, and yeah, every year between 50 to 100 goes out of business, yeah, there's a, it's a revolving door here, and a lot of times, you know, the business that closes, another one goes back and open and reopen, yeah, and the cycle just go and never ending, yeah, so I'm kind of sad, because I just came across the news that, you know, I see here, and that is, there's restaurants that close, I mean, it's just not even August, yeah, and I give you a rundown of restaurants that you will not be able to visit anymore, okay, so if you are the person that like to go for dinners and have to, like to have options, the options are getting a little slimmer now, so let me start with a very known restaurant, it's called Bonefish, yeah, Bonefish, so Bonefish Grill at the Naples Bay Resort closed after the hurricane iron, they just shortly reopened, but now they close for good, really, they're just gonna be done, yeah, they're done, Cafe Del Amor never reopen after hurricane iron, so that's, that's another sad news, and that's in the building that was highly, I mean, very damaged with the floods, so it's another thing, another restaurant which we're gonna be missing is in Bonita, and that is Sirelas that opens 2006, and it's at the Prado at the Spring Creek at Plaza in Bonita Springs, it closed in May 2023, and Naples location closed in 2022, so they have two restaurants, and unfortunately both of them are gone, another one would be European Bakery and Cafe in Naples that never reopened after hurricane iron, and that was in the building on the Central Avenue, if you know where the Starbucks used to be, yeah, by the way, there's not gonna be new restaurant coming, very excited about it, it's gonna be upscale South American restaurant, maybe almost like a Brazilian steakhouse, if you know the Brazilian, yeah, I love it, they're delicious, yeah, we're gonna be doing, we're gonna interview the owner, another restaurant Fish 41, last day was in April 30th, Island Cheese Company, Marco Island closed in June, Lowbro owner said they changed that into the barbecue, and at the Bayfront, and to pizza, so yeah, that's another one, LaBelle Aquila, some of the names, Gourmet Italian Market closed in May 2023, so, and one more, Fuji closed in 2023, and, oh actually there's more, Saloon in Estero opened in 2017, closed in 2023 in May, and last one, Southern Style Kitchen Robar served last waffle on 4 June of 4 2023, what a bummer, yeah, so there's, I love waffles, I know, I'm sorry for the news that that's what it is, and we have to share that with you, because unfortunately, that's the life here, and that's probably something that we should just keep into consideration, the restaurant business is a very hard business, and there's a, you know, the margin of profits not real large, and that type of stuff, so any kind of interruption in in that business can can be disastrous sometimes, so we just want to just encourage those that are out there, and that's why we've come up with some ideas down the road, like we have the $5 lunch, we'll talk about that some other time, then just, you know, just different ways that maybe restaurants can get through the non-season, we're trying to change that paradigm too, and maybe have some deals and things for locals that can help them survive, and maybe come up with some ideas that can help them to stay in business longer, it's a tough, tough business, and we're here with you, and that's why we mentioned so many different restaurants and places to eat, because we have one, but also we want to see everybody succeed, so I'm looking forward to doing some of these interviews that we have, you have some that we're going to be interviewing people with new restaurants, and I do too, so we look forward to that.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"You know how kids are and just, you know, in general, I mean, young kids, they're not, you know, especially the ones that are between the ages of probably five and what, ten sometimes, they're just rambunctious, they're going, ready to go, not thinking about their environment, just, you know, on to the next thing or whatever they're doing and, and they make mistakes, we just need to be careful and protect them, so a ticket for speeding in the school zone, it will be $500, better not speed in the, no, in the, that's gonna be like a whole weekend something working, yeah, yeah, so just, just a lot of money, keep that in mind, another thing which is, you know, referred to police and actually this would be the, the Florida patrol, highway troopers, they are gonna crack down on all these people driving in the left lane slower than they should be and right now they, I guess, the patient went out of the window and they're gonna be cracking down on everyone where they can see that slows down the left lane which is passing lane and, and, you know, just hold up the traffic and that, that ticket's gonna be really high, yeah, so they, I think they were saying $80 but, you know, not enough, no money to get out of the people that just decide to, to do 20 in the fast lane, daydreaming, daydreaming behind the steering wheel, yeah, you know, in the left lane and thinking nothing's happening because they never check the mirror and there's a three mile long lane, you know, yeah, yeah, you need to, you need to be in the slow lane, yeah, so that's, I believe there's speed limits in terms of the, the slowest you can go on a freeway anyway, yeah, I think that you have to at least be going 40, yeah, no, I think it's 50 miles, okay, 50 miles is the minimum but, I mean, you know, everybody's going like, let's say, the speed limit is 70, yeah, you know, you're supposed to go with the flow of traffic, correct, so 70 is the speed limit, legally, there's a, you know, there's no car in the world which measure exactly the speed, exactly, all the speedometers are actually speed up for three or four miles, okay, for a reason, so they are not exactly because if you, if you take a GPS and, you know, GPS shows you the speed, yeah, yeah, there's a difference, so, you know, cops kind of, you know, they close their eyes, 10 miles, don't take images, information, that's not like telling you to do that, like, 10 miles over the speed limit, they just kind of, you know, let it slide and they know that we need to move the traffic, especially in the, you know, little busy times, yeah, and they're not going to mess with people, commute hours, right, so, so if you're driving 70 and you're not in the middle lane and you're driving 70 on the left lane saying, hey, let me just get on the nerves, everybody in the world because they should not be speeding, you're not there to, you know, to make those laws, you're not there to make the decisions, that's what police job is, so you just should just kind of get in the middle lane or right lane and just kind of slide behind somebody if you want to just whistle down on your road and doesn't care about anybody else, you're not there as a police, you're there as a traveler, so travel with the speed that is in front of you, don't make those other people mad because that's what happens is a lot of people don't have the patience, some of them just, you know, get really upset and then, you know, things happen, so that's one thing, another thing that's really bad news is that Costco is changing, changing rules for free samples, free samples giveaways, when you go to Costco, you know, you remember the times we went to Costco and we had so much fun, yeah, and I get three meals in there, yeah, and I always make, made fun of what all these people, older people, because, you know, they just took a sample, they went around, and maybe made lunch out of it, or sometimes even dinner, you know, they never bought anything in the Costco, just, you know, went there for lunch, so I always just yell at them one per person, and you remember, they always stressed out, they thought I'm working there, yeah, so they now are gonna have like a freestanding, like a kiosk, and you can pull out, you know, like a sample, pre-packed sample, or whatever that's gonna be, because they don't have no employees, they used to employ a bunch of people, you know, like a little aged ladies that been there, you know, they socialized, and a lot of times they sold the items, but now it's just gonna be like a like a box, and you just pull up your sample out of it, so that's another thing that's going on, yeah, should I keep going, or, I mean, you have something, no, I got plenty, go ahead, I got plenty, I can share with you something else, for example, do you know what McDonald's ice cream is with? I'm going to assume that it's not really ice cream, because, you know, we're supporting local businesses, we've been talking about ice cream stores, and Matt has pretty much hands down on what ice cream store we should go to, it's one of his favorite things, yeah, his tongue is pretty long, he's getting to the size of Gene Simmons, because the ice cream just stretched it out, yeah, Gene Simmons is skinny, dude, yeah, and, unless now he's different, we did a show on, is he a little different now, oh, he's always different, oh, Gene Simmons tongue a kiss, yes, yeah, you got it, right, I thought you were talking about the other Simmons that does exercising, that's a Richard Simmons, yeah, you always mistake him, yeah, just remember that's the guy you've been exercising in front of the TV, right, so Gene Simmons is now, yeah, so we support local businesses, we really want you to go to, you know, for ice cream to place that, you know, we have here, and it's part of our community instead of McDonald's, so I'm just going to give you that information, because it's really interesting, so real ice cream is a couple ingredients, it's very simple, right, you just have to freeze it out the right way, milk, sugar and cream, that's it, and if you're adding some kind of flavors, usually natural flavors, you don't want lemon, you squeeze the lemon, pistachio, you crush the pistachio, you know, just like stuff like that, I don't eat lemon and pistachio ice cream, pistachio ice cream is good, I like chocolate, strawberry, no, McDonald's contains stabilizers and preservatives to keep fresh and maintain its texture, now let me just give you a couple of those things, it's soft ice cream, first one is carrageen, guar gum, whatever this is, gum, celerose gum, and mono digli serides are some of these components, they don't even say ingredients, it's components, that's just, now what you're saying is it's not ice cream, because I didn't hear any milk, it's nothing to do with ice cream, yeah, I mean, you know, is there any sugar, it's got to be nothing, I don't know, that's maybe a component, yeah, fake sugar, yeah, so what I want to say is, I don't wonder why McDonald's machines are broken all the time, because these components, it sounds like something that needs to run through an engine, it's like you put the components together, it's like chemistry class, yeah, and the machine is burned out, yeah, it's like putting gas into the combustion engine, I was going to say, you know, I mean, there's nothing ice cream about that, but don't ruin, you know, don't ruin going to McDonald's for people, I'm not ruining it, I'm just telling you, you know, why would you go there now, I'm still gonna go, yeah, I don't, I will support somebody local, yeah, you don't go there, because you don't like yellow cheese, the yellow cheese is not a story, I will find out some info about that, later on, we'll do that, you can do your little fire story on it, you don't believe me, I've seen it, one day you got all over me, because I brought yellow cheese here, I don't eat that, that's not even, Boris Head yellow cheese is made with the real natural food coloring, it's, and you still won't eat it, it's not, the yellow cheese, let me finish, okay, yellow cheese doesn't even contain 50% of the milk, so FDA cannot even, you cannot even market it as a cheese, okay, because it's not cheese, there's no 50% of the any type of milk product, I got that, I'm telling you about Boris Head, have you ever seen the yellow milk, no, okay, good, so that's, I was just saying, I was just telling you about Boris Head though, because they make their own food coloring that's natural, I know you still won't eat it, McDonald's, I'm bringing you a piece of yellow cheese, McDonald's makes their own ice cream too, I will not eat it, okay, components, that's really interesting, all right, Naples has somewhere around 950 restaurants, did you know that, that's, yeah, I didn't know exact number, but I knew that it was in the hundreds, and yeah, every year between 50 to 100 goes out of business, yeah, there's a, it's a revolving door here, and a lot of times, you know, the business that closes, another one goes back and open and reopen, yeah, and the cycle just go and never ending, yeah, so I'm kind of sad, because I just came across the news that, you know, I see here, and that is, there's restaurants that close, I mean, it's just not even August, yeah, and I give you a rundown of restaurants that you will not be able to visit anymore, okay, so if you are the person that like to go for dinners and have to, like to have options, the options are getting a little slimmer now, so let me start with a very known restaurant, it's called Bonefish, yeah, Bonefish, so Bonefish Grill at the Naples Bay Resort closed after the hurricane iron, they just shortly reopened, but now they close for good, really, they're just gonna be done, yeah, they're done, Cafe Del Amor never reopen after hurricane iron, so that's, that's another sad news, and that's in the building that was highly, I mean, very damaged with the floods, so it's another thing, another restaurant which we're gonna be missing is in Bonita, and that is Sirelas that opens 2006, and it's at the Prado at the Spring Creek at Plaza in Bonita Springs, it closed in May 2023, and Naples location closed in 2022, so they have two restaurants, and unfortunately both of them are gone, another one would be European Bakery and Cafe in Naples that never reopened after hurricane iron, and that was in the building on the Central Avenue, if you know where the Starbucks used to be, yeah, by the way, there's not gonna be new restaurant coming, very excited about it, it's gonna be upscale South American restaurant, maybe almost like a Brazilian steakhouse, if you know the Brazilian, yeah, I love it, they're delicious, yeah, we're gonna be doing, we're gonna interview the owner, another restaurant Fish 41, last day was in April 30th, Island Cheese Company, Marco Island closed in June, Lowbro owner said they changed that into the barbecue, and at the Bayfront, and to pizza, so yeah, that's another one, LaBelle Aquila, some of the names, Gourmet Italian Market closed in May 2023, so, and one more, Fuji closed in 2023, and, oh actually there's more, Saloon in Estero opened in 2017, closed in 2023 in May, and last one, Southern Style Kitchen Robar served last waffle on 4 June of 4 2023, what a bummer, yeah, so there's, I love waffles, I know, I'm sorry for the news that that's what it is, and we have to share that with you, because unfortunately, that's the life here, and that's probably something that we should just keep into consideration, the restaurant business is a very hard business, and there's a, you know, the margin of profits not real large, and that type of stuff, so any kind of interruption in in that business can can be disastrous sometimes, so we just want to just encourage those that are out there, and that's why we've come up with some ideas down the road, like we have the $5 lunch, we'll talk about that some other time, then just, you know, just different ways that maybe restaurants can get through the non-season, we're trying to change that paradigm too, and maybe have some deals and things for locals that can help them survive, and maybe come up with some ideas that can help them to stay in business longer, it's a tough, tough business, and we're here with you, and that's why we mentioned so many different restaurants and places to eat, because we have one, but also we want to see everybody succeed, so I'm looking forward to doing some of these interviews that we have, you have some that we're going to be interviewing people with new restaurants, and I do too, so we look forward to that.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Hello all divine people, small Saturday is again with us, 4.11 is the number of the show August 11, we are matching the numbers, from this mic Rich, and from this mic Matt, I didn't say Matt, I did say that, no he did not, oh you mean like, from this mic Rich, and from this mic Matt, this should be a happy sound because it's a small Saturday, small Saturday officially starts at lunch time on Friday, according to your father, according to my father, so here we are, recording again at night, because we like to be here at night, because it's dark, yesterday was national lazy day, sounds like your dad was starting to get lazy, yeah my dad, he teaches now all world, he's not here anymore, but we're pushing that idea on a small Saturday, yeah I like it, you're leaving a legacy, absolutely, he left one, yeah, I mean if you're on this planet you have to leave something behind you, you do, otherwise you wasted time, let me tell you something, we're leaving behind, did you read the notes for the show yesterday, no, why don't I read them for you, why don't you do that, because every day we post a podcast, a thumbnail, it's called a thumbnail, yeah and it just gives you a little, yapping here for 30 minutes or so, we give you a little rundown on the writing somehow, we try to be creative to entice you, to entice you to listen to the podcast, and we don't have that much space, so we just put some kind of mix mix, yeah a little jiggle, so what is actually in that show, a little teaser, so yesterday's show, which was show 410, the title of the show is following, I mean it's a couple sentences so just stick with me, it's following, Rich got his Christmas present when Matt held his bread for three minutes, Rich is now certified installer, $500 waiting for you, you just have to click somewhere and print something, Matt had notes on the napkin and disposed them responsibly after use, that's the episode 410, now show notes are even more colorful, yeah, you want to hear them, sure, why not, I don't think I have a choice in the matter, no, not right now, okay, Matt and Rich have soft spot in their heart, Rich gives away tips on how to save money on electric bill, if you are a couple in love, learn a perfect tip on what you do with a washing machine in the evening, Matt has a snitch machine in his pocket and on his behind, so they can monitor his carbon monoxide discharge, oh yeah, they're starting early, yeah, yeah, Matt and Rich will tell you the worst paying jobs in Naples, podcasting made the top of the list because they work for free, advice for free, I mean if you read something like that, you just have to, yeah, I love it, yeah, you do, you just, I mean there's no way, what are these two fools talking about, yeah, that was yesterday's show, let's see what we do today, we'll see, we are raw, we don't prepare, we just have a couple notes here, so we don't forget because you know, we're aging day by day, yeah, day by day and we're just off the cuff, we're just flying, just soaring, there used to be one guy with magnifying glasses, now it's two guys with magnifying glasses, I had to start wearing them too, yeah, you got yourself a set of coke bottle glasses there, coke as thick as a coke bottle, now it's now, that's yours, so just let's go to officials, Julian Bruce, Terra Kitarra, Pachuli Music, thank you very much for all the tunes and the intro song, we always gonna be grateful and we're looking forward to seeing you here soon, our sponsor, do you know who's our sponsor, yeah, who is it, it's Beach SOS, that's correct, BeachSOS.com, weekend's coming, you're probably gonna be laying and trying to get that lard burned out on the sun, because it's gonna, it's gonna get the, you know, some kind of good job, because it's very hot, so if you're missing something on the beach, let us know BeachSOS.com, we will bring you to in stylish mini fire truck with lights on, now coupons, you know, as I said that before $500, you can just print them easy, $500 savings in several different businesses around and that is divineapals.com forward slash discount slash, no, discount dash coupon, that's what it is, there you go, yeah, and well next month, we just have to remind you, our divine spy is in operation and we are actually very, doing very well, we have a lot of customers, this weekend is fully booked, so that is awesome, yeah, if you're thinking to hide in front of the sun and get something, you know, relaxing moment or couples massage, we are here for you, just look for divine spa Naples or go to website mydivinespa.com, that's great, so official is done, now let's go to unofficial business, yeah, what do you got for the weather today, I've been in the weather, I mean, this is, you want to talk about it, no, it's just hot, hot, but it did rain today, on and off, yeah, yeah, it's always like that, yeah, I got some hints, there's a gentleman who is friend of mine, I told you about the Mexican, which is catching the tan, yeah, being deeper Mexican, yeah, you know what I'm saying, yeah, it's like, I don't know what comes, you know, like turning the toaster from lighter to darker, it can't be darker Mexican, he called me and he was in Lely, he says, oh, I gotta go, it's raining and so I knew I was supposed to prepare, it took five minutes and we had to rain here too, yeah, so, you know, it's all, you know, I was, I started at one end today, this afternoon and it was, I was down by Pine Ridge and Logan and it was raining like cats and dogs, we have to liquid up what that means, I have no idea, but it was, let's just say it was raining a lot and then, you know, I drive two or three miles and then all of a sudden the sun's breaking out again, no rain, you know what it's called, the rain, cats and dogs, no, I have no idea what it means, Jewish car wash, oh yeah, yeah, why is that, because you get the car wash from the dust and you don't have to pay for it, oh, okay, it's cheap, yeah, all right, some that's true, yeah, it just comes out and they get the sponge, unfortunately, there's so much dirt and oil and grime on the car, my car is always a lot dirtier, I mean, if you're riding toaster, that's what's gonna happen, you know, there's just gonna have some grime because that's when you're toasting and toasting, it doesn't matter what car I was driving, it's whenever I'm driving in the streets, it's a mess, yeah, that's what happens in Florida, it's a mess, yeah, that's why we have rain, to clean it up, I tell you what, today, there was a lady, she came up and she started coming here today, today was the official day, yesterday was tryout and she said she took our coffee yesterday and she was up until three o'clock in the morning, oh my gosh, I said why you didn't call us, we have this special phone line, you know, 1-800 number, divine divine 9, that's the, you know, and she looked at me and said are you serious, I said yeah, we used to have a sex line but we didn't get that busy, so now we have the old days of the 900 numbers and I'll be helping people and, you know, they consume our coffee, yeah, they're so jacked up and high on the coffee, so she got a rocket fuel and she said, you know what, intervention line, this is my coffee shop for everyday now, I used to go to Badass and I said to her, you know, but that's perfect because we have a coffee and then I turned around and I said and better ass, how did you, yeah, she was laughing and she ordered something, she ordered something and she said I want that sandwich, I said what is it, the one I had yesterday, I said what is it, she said chicken clucker, oh the chicken, it's not the mother clucker, no it's chicken clucker, chicken clucker, I said why are you saying chicken is mother clucker and then she started laughing, she just made a new name, chicken clucker, chicken clucker, it's basically chicken chicken, yeah, chicken chicken, chicken clucker, yeah, yeah and after, usually chickens cluck, that's what I'm saying, yeah, so you didn't catch the drift, no because I'm stupid sometimes, well I'm sorry, I'm looking at your face, I'm having to stare at this thing across, I used to be better looking when I was three and then after three years old it just went downhill, that's all right, you're all right, you'll be all right, you'll get over it, so after that we had people from Holland and they are hooked to our podcast now, so we're going international, oh good, well we were doing that anyway because the website divinenapels.com is international anyway, yeah, it's actually the largest hub for everything you need to know about Naples, that's correct, and I don't, what is it, almost 30 websites connected, 23 websites, 23 and 18, how many languages, 18, 18, I see, I remember that number, 18 different languages and that's what we're doing here, that means you know that's stupid then, yeah, I thought you were, no I'm always stupid, half as stupid as I look, but we're all right, yeah, we're doing good, so that's, we're doing good, that was quick, let's get past that, yeah, so I've been browsing through some news and what's going on here, hey why don't you share with us some news, yeah I will share that with you right now because it's Friday and people need to kind of have a weekend to think about it, right, so number one, there are some changes in the, in a lot of the like school buses routes and everything else and they install secret cameras on the buses, oh really, yeah, so if you're gonna be thinking you're gonna pass the bus, you know, monster before, yeah, I call them yellow monsters, yeah, when you see the yellow monster, you want to pass it, pass it, then be careful because they have a, they have a cameras and they read also license plate, so once you get through it, they will send you tickets, yeah, that's not gonna be pretty, yeah, well we need to be safe with kids, right, right, just slow down, so get up and take off to work or wherever you got to go a little early, yeah, but another thing is also they're changing the speed in the school zones, used to be 20 miles an hour, now it's 15, which I'm grateful for because, you know, it's, it's, as he's saying, it's important to, you know, people crossing the streets with kids.
Divine Naples Podcast
"august 11th" Discussed on Divine Naples Podcast
"Hello all divine people, small Saturday is again with us, 4.11 is the number of the show August 11, we are matching the numbers, from this mic Rich, and from this mic Matt, I didn't say Matt, I did say that, no he did not, oh you mean like, from this mic Rich, and from this mic Matt, this should be a happy sound because it's a small Saturday, small Saturday officially starts at lunch time on Friday, according to your father, according to my father, so here we are, recording again at night, because we like to be here at night, because it's dark, yesterday was national lazy day, sounds like your dad was starting to get lazy, yeah my dad, he teaches now all world, he's not here anymore, but we're pushing that idea on a small Saturday, yeah I like it, you're leaving a legacy, absolutely, he left one, yeah, I mean if you're on this planet you have to leave something behind you, you do, otherwise you wasted time, let me tell you something, we're leaving behind, did you read the notes for the show yesterday, no, why don't I read them for you, why don't you do that, because every day we post a podcast, a thumbnail, it's called a thumbnail, yeah and it just gives you a little, yapping here for 30 minutes or so, we give you a little rundown on the writing somehow, we try to be creative to entice you, to entice you to listen to the podcast, and we don't have that much space, so we just put some kind of mix mix, yeah a little jiggle, so what is actually in that show, a little teaser, so yesterday's show, which was show 410, the title of the show is following, I mean it's a couple sentences so just stick with me, it's following, Rich got his Christmas present when Matt held his bread for three minutes, Rich is now certified installer, $500 waiting for you, you just have to click somewhere and print something, Matt had notes on the napkin and disposed them responsibly after use, that's the episode 410, now show notes are even more colorful, yeah, you want to hear them, sure, why not, I don't think I have a choice in the matter, no, not right now, okay, Matt and Rich have soft spot in their heart, Rich gives away tips on how to save money on electric bill, if you are a couple in love, learn a perfect tip on what you do with a washing machine in the evening, Matt has a snitch machine in his pocket and on his behind, so they can monitor his carbon monoxide discharge, oh yeah, they're starting early, yeah, yeah, Matt and Rich will tell you the worst paying jobs in Naples, podcasting made the top of the list because they work for free, advice for free, I mean if you read something like that, you just have to, yeah, I love it, yeah, you do, you just, I mean there's no way, what are these two fools talking about, yeah, that was yesterday's show, let's see what we do today, we'll see, we are raw, we don't prepare, we just have a couple notes here, so we don't forget because you know, we're aging day by day, yeah, day by day and we're just off the cuff, we're just flying, just soaring, there used to be one guy with magnifying glasses, now it's two guys with magnifying glasses, I had to start wearing them too, yeah, you got yourself a set of coke bottle glasses there, coke as thick as a coke bottle, now it's now, that's yours, so just let's go to officials, Julian Bruce, Terra Kitarra, Pachuli Music, thank you very much for all the tunes and the intro song, we always gonna be grateful and we're looking forward to seeing you here soon, our sponsor, do you know who's our sponsor, yeah, who is it, it's Beach SOS, that's correct, BeachSOS.com, weekend's coming, you're probably gonna be laying and trying to get that lard burned out on the sun, because it's gonna, it's gonna get the, you know, some kind of good job, because it's very hot, so if you're missing something on the beach, let us know BeachSOS.com, we will bring you to in stylish mini fire truck with lights on, now coupons, you know, as I said that before $500, you can just print them easy, $500 savings in several different businesses around and that is divineapals.com forward slash discount slash, no, discount dash coupon, that's what it is, there you go, yeah, and well next month, we just have to remind you, our divine spy is in operation and we are actually very, doing very well, we have a lot of customers, this weekend is fully booked, so that is awesome, yeah, if you're thinking to hide in front of the sun and get something, you know, relaxing moment or couples massage, we are here for you, just look for divine spa Naples or go to website mydivinespa.com, that's great, so official is done, now let's go to unofficial business, yeah, what do you got for the weather today, I've been in the weather, I mean, this is, you want to talk about it, no, it's just hot, hot, but it did rain today, on and off, yeah, yeah, it's always like that, yeah, I got some hints, there's a gentleman who is friend of mine, I told you about the Mexican, which is catching the tan, yeah, being deeper Mexican, yeah, you know what I'm saying, yeah, it's like, I don't know what comes, you know, like turning the toaster from lighter to darker, it can't be darker Mexican, he called me and he was in Lely, he says, oh, I gotta go, it's raining and so I knew I was supposed to prepare, it took five minutes and we had to rain here too, yeah, so, you know, it's all, you know, I was, I started at one end today, this afternoon and it was, I was down by Pine Ridge and Logan and it was raining like cats and dogs, we have to liquid up what that means, I have no idea, but it was, let's just say it was raining a lot and then, you know, I drive two or three miles and then all of a sudden the sun's breaking out again, no rain, you know what it's called, the rain, cats and dogs, no, I have no idea what it means, Jewish car wash, oh yeah, yeah, why is that, because you get the car wash from the dust and you don't have to pay for it, oh, okay, it's cheap, yeah, all right, some that's true, yeah, it just comes out and they get the sponge, unfortunately, there's so much dirt and oil and grime on the car, my car is always a lot dirtier, I mean, if you're riding toaster, that's what's gonna happen, you know, there's just gonna have some grime because that's when you're toasting and toasting, it doesn't matter what car I was driving, it's whenever I'm driving in the streets, it's a mess, yeah, that's what happens in Florida, it's a mess, yeah, that's why we have rain, to clean it up, I tell you what, today, there was a lady, she came up and she started coming here today, today was the official day, yesterday was tryout and she said she took our coffee yesterday and she was up until three o'clock in the morning, oh my gosh, I said why you didn't call us, we have this special phone line, you know, 1-800 number, divine divine 9, that's the, you know, and she looked at me and said are you serious, I said yeah, we used to have a sex line but we didn't get that busy, so now we have the old days of the 900 numbers and I'll be helping people and, you know, they consume our coffee, yeah, they're so jacked up and high on the coffee, so she got a rocket fuel and she said, you know what, intervention line, this is my coffee shop for everyday now, I used to go to Badass and I said to her, you know, but that's perfect because we have a coffee and then I turned around and I said and better ass, how did you, yeah, she was laughing and she ordered something, she ordered something and she said I want that sandwich, I said what is it, the one I had yesterday, I said what is it, she said chicken clucker, oh the chicken, it's not the mother clucker, no it's chicken clucker, chicken clucker, I said why are you saying chicken is mother clucker and then she started laughing, she just made a new name, chicken clucker, chicken clucker, it's basically chicken chicken, yeah, chicken chicken, chicken clucker, yeah, yeah and after, usually chickens cluck, that's what I'm saying, yeah, so you didn't catch the drift, no because I'm stupid sometimes, well I'm sorry, I'm looking at your face, I'm having to stare at this thing across, I used to be better looking when I was three and then after three years old it just went downhill, that's all right, you're all right, you'll be all right, you'll get over it, so after that we had people from Holland and they are hooked to our podcast now, so we're going international, oh good, well we were doing that anyway because the website divinenapels.com is international anyway, yeah, it's actually the largest hub for everything you need to know about Naples, that's correct, and I don't, what is it, almost 30 websites connected, 23 websites, 23 and 18, how many languages, 18, 18, I see, I remember that number, 18 different languages and that's what we're doing here, that means you know that's stupid then, yeah, I thought you were, no I'm always stupid, half as stupid as I look, but we're all right, yeah, we're doing good, so that's, we're doing good, that was quick, let's get past that, yeah, so I've been browsing through some news and what's going on here, hey why don't you share with us some news, yeah I will share that with you right now because it's Friday and people need to kind of have a weekend to think about it, right, so number one, there are some changes in the, in a lot of the like school buses routes and everything else and they install secret cameras on the buses, oh really, yeah, so if you're gonna be thinking you're gonna pass the bus, you know, monster before, yeah, I call them yellow monsters, yeah, when you see the yellow monster, you want to pass it, pass it, then be careful because they have a, they have a cameras and they read also license plate, so once you get through it, they will send you tickets, yeah, that's not gonna be pretty, yeah, well we need to be safe with kids, right, right, just slow down, so get up and take off to work or wherever you got to go a little early, yeah, but another thing is also they're changing the speed in the school zones, used to be 20 miles an hour, now it's 15, which I'm grateful for because, you know, it's, it's, as he's saying, it's important to, you know, people crossing the streets with kids.
Divine Naples Podcast
A highlight from Matt left something behind. Learn how to wash your car for free. Rich announces a phone line for caffeinated customers which is a toll-free number. Remember we have coffee and Better A$$ Episode #411 August 11th. 2023
"Hello all divine people, small Saturday is again with us, 4 .11 is the number of the show August 11, we are matching the numbers, from this mic Rich, and from this mic Matt, I didn't say Matt, I did say that, no he did not, oh you mean like, from this mic Rich, and from this mic Matt, this should be a happy sound because it's a small Saturday, small Saturday officially starts at lunch time on Friday, according to your father, according to my father, so here we are, recording again at night, because we like to be here at night, because it's dark, yesterday was national lazy day, sounds like your dad was starting to get lazy, yeah my dad, he teaches now all world, he's not here anymore, but we're pushing that idea on a small Saturday, yeah I like it, you're leaving a legacy, absolutely, he left one, yeah, I mean if you're on this planet you have to leave something behind you, you do, otherwise you wasted time, let me tell you something, we're leaving behind, did you read the notes for the show yesterday, no, why don't I read them for you, why don't you do that, because every day we post a podcast, a thumbnail, it's called a thumbnail, yeah and it just gives you a little, yapping here for 30 minutes or so, we give you a little rundown on the writing somehow, we try to be creative to entice you, to entice you to listen to the podcast, and we don't have that much space, so we just put some kind of mix mix, yeah a little jiggle, so what is actually in that show, a little teaser, so yesterday's show, which was show 410, the title of the show is following, I mean it's a couple sentences so just stick with me, it's following, Rich got his Christmas present when Matt held his bread for three minutes, Rich is now certified installer, $500 waiting for you, you just have to click somewhere and print something, Matt had notes on the napkin and disposed them responsibly after use, that's the episode 410, now show notes are even more colorful, yeah, you want to hear them, sure, why not, I don't think I have a choice in the matter, no, not right now, okay, Matt and Rich have soft spot in their heart, Rich gives away tips on how to save money on electric bill, if you are a couple in love, learn a perfect tip on what you do with a washing machine in the evening, Matt has a snitch machine in his pocket and on his behind, so they can monitor his carbon monoxide discharge, oh yeah, they're starting early, yeah, yeah, Matt and Rich will tell you the worst paying jobs in Naples, podcasting made the top of the list because they work for free, advice for free, I mean if you read something like that, you just have to, yeah, I love it, yeah, you do, you just, I mean there's no way, what are these two fools talking about, yeah, that was yesterday's show, let's see what we do today, we'll see, we are raw, we don't prepare, we just have a couple notes here, so we don't forget because you know, we're aging day by day, yeah, day by day and we're just off the cuff, we're just flying, just soaring, there used to be one guy with magnifying glasses, now it's two guys with magnifying glasses, I had to start wearing them too, yeah, you got yourself a set of coke bottle glasses there, coke as thick as a coke bottle, now it's now, that's yours, so just let's go to officials, Julian Bruce, Terra Kitarra, Pachuli Music, thank you very much for all the tunes and the intro song, we always gonna be grateful and we're looking forward to seeing you here soon, our sponsor, do you know who's our sponsor, yeah, who is it, it's Beach SOS, that's correct, BeachSOS .com, weekend's coming, you're probably gonna be laying and trying to get that lard burned out on the sun, because it's gonna, it's gonna get the, you know, some kind of good job, because it's very hot, so if you're missing something on the beach, let us know BeachSOS .com, we will bring you to in stylish mini fire truck with lights on, now coupons, you know, as I said that before $500, you can just print them easy, $500 savings in several different businesses around and that is divineapals .com forward slash discount slash, no, discount dash coupon, that's what it is, there you go, yeah, and well next month, we just have to remind you, our divine spy is in operation and we are actually very, doing very well, we have a lot of customers, this weekend is fully booked, so that is awesome, yeah, if you're thinking to hide in front of the sun and get something, you know, relaxing moment or couples massage, we are here for you, just look for divine spa Naples or go to website mydivinespa .com, that's great, so official is done, now let's go to unofficial business, yeah, what do you got for the weather today, I've been in the weather, I mean, this is, you want to talk about it, no, it's just hot, hot, but it did rain today, on and off, yeah, yeah, it's always like that, yeah, I got some hints, there's a gentleman who is friend of mine, I told you about the Mexican, which is catching the tan, yeah, being deeper Mexican, yeah, you know what I'm saying, yeah, it's like, I don't know what comes, you know, like turning the toaster from lighter to darker, it can't be darker Mexican, he called me and he was in Lely, he says, oh, I gotta go, it's raining and so I knew I was supposed to prepare, it took five minutes and we had to rain here too, yeah, so, you know, it's all, you know, I was, I started at one end today, this afternoon and it was, I was down by Pine Ridge and Logan and it was raining like cats and dogs, we have to liquid up what that means, I have no idea, but it was, let's just say it was raining a lot and then, you know, I drive two or three miles and then all of a sudden the sun's breaking out again, no rain, you know what it's called, the rain, cats and dogs, no, I have no idea what it means, Jewish car wash, oh yeah, yeah, why is that, because you get the car wash from the dust and you don't have to pay for it, oh, okay, it's cheap, yeah, all right, some that's true, yeah, it just comes out and they get the sponge, unfortunately, there's so much dirt and oil and grime on the car, my car is always a lot dirtier, I mean, if you're riding toaster, that's what's gonna happen, you know, there's just gonna have some grime because that's when you're toasting and toasting, it doesn't matter what car I was driving, it's whenever I'm driving in the streets, it's a mess, yeah, that's what happens in Florida, it's a mess, yeah, that's why we have rain, to clean it up, I tell you what, today, there was a lady, she came up and she started coming here today, today was the official day, yesterday was tryout and she said she took our coffee yesterday and she was up until three o 'clock in the morning, oh my gosh, I said why you didn't call us, we have this special phone line, you know, 1 -800 number, divine divine 9, that's the, you know, and she looked at me and said are you serious, I said yeah, we used to have a sex line but we didn't get that busy, so now we have the old days of the 900 numbers and I'll be helping people and, you know, they consume our coffee, yeah, they're so jacked up and high on the coffee, so she got a rocket fuel and she said, you know what, intervention line, this is my coffee shop for everyday now, I used to go to Badass and I said to her, you know, but that's perfect because we have a coffee and then I turned around and I said and better ass, how did you, yeah, she was laughing and she ordered something, she ordered something and she said I want that sandwich, I said what is it, the one I had yesterday, I said what is it, she said chicken clucker, oh the chicken, it's not the mother clucker, no it's chicken clucker, chicken clucker, I said why are you saying chicken is mother clucker and then she started laughing, she just made a new name, chicken clucker, chicken clucker, it's basically chicken chicken, yeah, chicken chicken, chicken clucker, yeah, yeah and after, usually chickens cluck, that's what I'm saying, yeah, so you didn't catch the drift, no because I'm stupid sometimes, well I'm sorry, I'm looking at your face, I'm having to stare at this thing across, I used to be better looking when I was three and then after three years old it just went downhill, that's all right, you're all right, you'll be all right, you'll get over it, so after that we had people from Holland and they are hooked to our podcast now, so we're going international, oh good, well we were doing that anyway because the website divinenapels .com is international anyway, yeah, it's actually the largest hub for everything you need to know about Naples, that's correct, and I don't, what is it, almost 30 websites connected, 23 websites, 23 and 18, how many languages, 18, 18, I see, I remember that number, 18 different languages and that's what we're doing here, that means you know that's stupid then, yeah, I thought you were, no I'm always stupid, half as stupid as I look, but we're all right, yeah, we're doing good, so that's, we're doing good, that was quick, let's get past that, yeah, so I've been browsing through some news and what's going on here, hey why don't you share with us some news, yeah I will share that with you right now because it's Friday and people need to kind of have a weekend to think about it, right, so number one, there are some changes in the, in a lot of the like school buses routes and everything else and they install secret cameras on the buses, oh really, yeah, so if you're gonna be thinking you're gonna pass the bus, you know, monster before, yeah, I call them yellow monsters, yeah, when you see the yellow monster, you want to pass it, pass it, then be careful because they have a, they have a cameras and they read also license plate, so once you get through it, they will send you tickets, yeah, that's not gonna be pretty, yeah, well we need to be safe with kids, right, right, just slow down, so get up and take off to work or wherever you got to go a little early, yeah, but another thing is also they're changing the speed in the school zones, used to be 20 miles an hour, now it's 15, which I'm grateful for because, you know, it's, it's, as he's saying, it's important to, you know, people crossing the streets with kids.
Divine Naples Podcast
A highlight from Matt left something behind. Learn how to wash your car for free. Rich announces a phone line for caffeinated customers which is a toll-free number. Remember we have coffee and Better A$$ Episode #411 August 11th. 2023
"Hello all divine people, small Saturday is again with us, 4 .11 is the number of the show August 11, we are matching the numbers, from this mic Rich, and from this mic Matt, I didn't say Matt, I did say that, no he did not, oh you mean like, from this mic Rich, and from this mic Matt, this should be a happy sound because it's a small Saturday, small Saturday officially starts at lunch time on Friday, according to your father, according to my father, so here we are, recording again at night, because we like to be here at night, because it's dark, yesterday was national lazy day, sounds like your dad was starting to get lazy, yeah my dad, he teaches now all world, he's not here anymore, but we're pushing that idea on a small Saturday, yeah I like it, you're leaving a legacy, absolutely, he left one, yeah, I mean if you're on this planet you have to leave something behind you, you do, otherwise you wasted time, let me tell you something, we're leaving behind, did you read the notes for the show yesterday, no, why don't I read them for you, why don't you do that, because every day we post a podcast, a thumbnail, it's called a thumbnail, yeah and it just gives you a little, yapping here for 30 minutes or so, we give you a little rundown on the writing somehow, we try to be creative to entice you, to entice you to listen to the podcast, and we don't have that much space, so we just put some kind of mix mix, yeah a little jiggle, so what is actually in that show, a little teaser, so yesterday's show, which was show 410, the title of the show is following, I mean it's a couple sentences so just stick with me, it's following, Rich got his Christmas present when Matt held his bread for three minutes, Rich is now certified installer, $500 waiting for you, you just have to click somewhere and print something, Matt had notes on the napkin and disposed them responsibly after use, that's the episode 410, now show notes are even more colorful, yeah, you want to hear them, sure, why not, I don't think I have a choice in the matter, no, not right now, okay, Matt and Rich have soft spot in their heart, Rich gives away tips on how to save money on electric bill, if you are a couple in love, learn a perfect tip on what you do with a washing machine in the evening, Matt has a snitch machine in his pocket and on his behind, so they can monitor his carbon monoxide discharge, oh yeah, they're starting early, yeah, yeah, Matt and Rich will tell you the worst paying jobs in Naples, podcasting made the top of the list because they work for free, advice for free, I mean if you read something like that, you just have to, yeah, I love it, yeah, you do, you just, I mean there's no way, what are these two fools talking about, yeah, that was yesterday's show, let's see what we do today, we'll see, we are raw, we don't prepare, we just have a couple notes here, so we don't forget because you know, we're aging day by day, yeah, day by day and we're just off the cuff, we're just flying, just soaring, there used to be one guy with magnifying glasses, now it's two guys with magnifying glasses, I had to start wearing them too, yeah, you got yourself a set of coke bottle glasses there, coke as thick as a coke bottle, now it's now, that's yours, so just let's go to officials, Julian Bruce, Terra Kitarra, Pachuli Music, thank you very much for all the tunes and the intro song, we always gonna be grateful and we're looking forward to seeing you here soon, our sponsor, do you know who's our sponsor, yeah, who is it, it's Beach SOS, that's correct, BeachSOS .com, weekend's coming, you're probably gonna be laying and trying to get that lard burned out on the sun, because it's gonna, it's gonna get the, you know, some kind of good job, because it's very hot, so if you're missing something on the beach, let us know BeachSOS .com, we will bring you to in stylish mini fire truck with lights on, now coupons, you know, as I said that before $500, you can just print them easy, $500 savings in several different businesses around and that is divineapals .com forward slash discount slash, no, discount dash coupon, that's what it is, there you go, yeah, and well next month, we just have to remind you, our divine spy is in operation and we are actually very, doing very well, we have a lot of customers, this weekend is fully booked, so that is awesome, yeah, if you're thinking to hide in front of the sun and get something, you know, relaxing moment or couples massage, we are here for you, just look for divine spa Naples or go to website mydivinespa .com, that's great, so official is done, now let's go to unofficial business, yeah, what do you got for the weather today, I've been in the weather, I mean, this is, you want to talk about it, no, it's just hot, hot, but it did rain today, on and off, yeah, yeah, it's always like that, yeah, I got some hints, there's a gentleman who is friend of mine, I told you about the Mexican, which is catching the tan, yeah, being deeper Mexican, yeah, you know what I'm saying, yeah, it's like, I don't know what comes, you know, like turning the toaster from lighter to darker, it can't be darker Mexican, he called me and he was in Lely, he says, oh, I gotta go, it's raining and so I knew I was supposed to prepare, it took five minutes and we had to rain here too, yeah, so, you know, it's all, you know, I was, I started at one end today, this afternoon and it was, I was down by Pine Ridge and Logan and it was raining like cats and dogs, we have to liquid up what that means, I have no idea, but it was, let's just say it was raining a lot and then, you know, I drive two or three miles and then all of a sudden the sun's breaking out again, no rain, you know what it's called, the rain, cats and dogs, no, I have no idea what it means, Jewish car wash, oh yeah, yeah, why is that, because you get the car wash from the dust and you don't have to pay for it, oh, okay, it's cheap, yeah, all right, some that's true, yeah, it just comes out and they get the sponge, unfortunately, there's so much dirt and oil and grime on the car, my car is always a lot dirtier, I mean, if you're riding toaster, that's what's gonna happen, you know, there's just gonna have some grime because that's when you're toasting and toasting, it doesn't matter what car I was driving, it's whenever I'm driving in the streets, it's a mess, yeah, that's what happens in Florida, it's a mess, yeah, that's why we have rain, to clean it up, I tell you what, today, there was a lady, she came up and she started coming here today, today was the official day, yesterday was tryout and she said she took our coffee yesterday and she was up until three o 'clock in the morning, oh my gosh, I said why you didn't call us, we have this special phone line, you know, 1 -800 number, divine divine 9, that's the, you know, and she looked at me and said are you serious, I said yeah, we used to have a sex line but we didn't get that busy, so now we have the old days of the 900 numbers and I'll be helping people and, you know, they consume our coffee, yeah, they're so jacked up and high on the coffee, so she got a rocket fuel and she said, you know what, intervention line, this is my coffee shop for everyday now, I used to go to Badass and I said to her, you know, but that's perfect because we have a coffee and then I turned around and I said and better ass, how did you, yeah, she was laughing and she ordered something, she ordered something and she said I want that sandwich, I said what is it, the one I had yesterday, I said what is it, she said chicken clucker, oh the chicken, it's not the mother clucker, no it's chicken clucker, chicken clucker, I said why are you saying chicken is mother clucker and then she started laughing, she just made a new name, chicken clucker, chicken clucker, it's basically chicken chicken, yeah, chicken chicken, chicken clucker, yeah, yeah and after, usually chickens cluck, that's what I'm saying, yeah, so you didn't catch the drift, no because I'm stupid sometimes, well I'm sorry, I'm looking at your face, I'm having to stare at this thing across, I used to be better looking when I was three and then after three years old it just went downhill, that's all right, you're all right, you'll be all right, you'll get over it, so after that we had people from Holland and they are hooked to our podcast now, so we're going international, oh good, well we were doing that anyway because the website divinenapels .com is international anyway, yeah, it's actually the largest hub for everything you need to know about Naples, that's correct, and I don't, what is it, almost 30 websites connected, 23 websites, 23 and 18, how many languages, 18, 18, I see, I remember that number, 18 different languages and that's what we're doing here, that means you know that's stupid then, yeah, I thought you were, no I'm always stupid, half as stupid as I look, but we're all right, yeah, we're doing good, so that's, we're doing good, that was quick, let's get past that, yeah, so I've been browsing through some news and what's going on here, hey why don't you share with us some news, yeah I will share that with you right now because it's Friday and people need to kind of have a weekend to think about it, right, so number one, there are some changes in the, in a lot of the like school buses routes and everything else and they install secret cameras on the buses, oh really, yeah, so if you're gonna be thinking you're gonna pass the bus, you know, monster before, yeah, I call them yellow monsters, yeah, when you see the yellow monster, you want to pass it, pass it, then be careful because they have a, they have a cameras and they read also license plate, so once you get through it, they will send you tickets, yeah, that's not gonna be pretty, yeah, well we need to be safe with kids, right, right, just slow down, so get up and take off to work or wherever you got to go a little early, yeah, but another thing is also they're changing the speed in the school zones, used to be 20 miles an hour, now it's 15, which I'm grateful for because, you know, it's, it's, as he's saying, it's important to, you know, people crossing the streets with kids.
Coronavirus
A highlight from DeBank Announces L2 Built On OP Stack
"Welcome to your Ethereum news briefing, here's your latest for Friday, August 11th, 2023. The bank announces a Layer 2 built on the OP stack, Eigenlayer plans to increase its liquid staking token cap, Avid proposes to add Wrapped Go as a collateral only asset, and SmallDapp introduces Multisave. All this and more starts right now. Optimism is providing us with 500 OP tokens to onboard users onto the network. Visit ether .fm forward slash NFT and enter code word DBANK for a chance to mint today's podcast as an NFT on OP mainnet and earn a share of 500 OP tokens. DeFi portfolio dashboard DBANK revealed plans to launch its own Layer 2 network built on the OP stack. Coined as DBANK Chain, the rollup will provide users with low -cost transactions and native account abstraction -like features, including a new account system integrated at the chain level that will provide users with a Web 2 -like experience. The new system supports transaction signing with a dedicated Layer 2 private key. DBANK Chain is now live on Testnet and is natively integrated into Rabi Wallet. Users can use a built -in faucet on Rabi to claim Testnet funds and use the network. DBANK plans to deploy the rollup to mainnet in 2024. Restaking solution Eigenlayer announced that it will lift its cap for liquid staking tokens until any one of the tokens hits 100 ,000 tokens restaked. The lift will go live on Tuesday, August 22nd. Eigenlayer currently supports restaking for STE, RE, and CBE. There is currently no limit for restaking native Beacon Chain Ether through EigenPods. Eigenlayer is still in the first of three launch phases. The second phase introduces support for node operators, which can receive delegation from restakers and operate validated services. The third and final phase introduces actively validated services, or AVS, that can receive distributed validation from participating operators. Eigenlayer holds over $80 million in total value locked. Aave contributor Mark Zeller published a proposal to add Wrapped Go as a collateral -only asset with a new stablecoin e -mode in the Aave v3 Ethereum pool. The integration would allow Wrapped Go to be used as collateral for borrowing USDC, USDT, DAI, and LUSD. The proposal aims to enable an arbitrage incentive when Go goes below its peg. The Go Stability Module, or GSM, will focus on incentives for when the stablecoin goes over peg. The proposal also specifies a 77 % loan -to -value ratio, an 80 % liquidation threshold, and a 4 .5 % liquidation penalty as parameters. The proposal is currently under community discussion before a vote goes live on Snapshot. And lastly, SmallDapp introduced MultiSafe, a dedicated dApp for deploying a safe smart contract wallet with the same address across multiple chains. The dApp also supports cloning for safe wallets that are already deployed. The dApp supports deployments for Ethereum, Polygon, Optimism, Arbitrum One, and Gnosis Chain. SmallDapp is a registry of small dedicated dApps, including dApps for token distribution, disposal, and migration. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ether .fm. Thanks for listening, we'll see you on Monday.
Ethereum Daily
A highlight from DeBank Announces L2 Built On OP Stack
"Welcome to your Ethereum news briefing, here's your latest for Friday, August 11th, 2023. The bank announces a Layer 2 built on the OP stack, Eigenlayer plans to increase its liquid staking token cap, Avid proposes to add Wrapped Go as a collateral only asset, and SmallDapp introduces Multisave. All this and more starts right now. Optimism is providing us with 500 OP tokens to onboard users onto the network. Visit ether .fm forward slash NFT and enter code word DBANK for a chance to mint today's podcast as an NFT on OP mainnet and earn a share of 500 OP tokens. DeFi portfolio dashboard DBANK revealed plans to launch its own Layer 2 network built on the OP stack. Coined as DBANK Chain, the rollup will provide users with low -cost transactions and native account abstraction -like features, including a new account system integrated at the chain level that will provide users with a Web 2 -like experience. The new system supports transaction signing with a dedicated Layer 2 private key. DBANK Chain is now live on Testnet and is natively integrated into Rabi Wallet. Users can use a built -in faucet on Rabi to claim Testnet funds and use the network. DBANK plans to deploy the rollup to mainnet in 2024. Restaking solution Eigenlayer announced that it will lift its cap for liquid staking tokens until any one of the tokens hits 100 ,000 tokens restaked. The lift will go live on Tuesday, August 22nd. Eigenlayer currently supports restaking for STE, RE, and CBE. There is currently no limit for restaking native Beacon Chain Ether through EigenPods. Eigenlayer is still in the first of three launch phases. The second phase introduces support for node operators, which can receive delegation from restakers and operate validated services. The third and final phase introduces actively validated services, or AVS, that can receive distributed validation from participating operators. Eigenlayer holds over $80 million in total value locked. Aave contributor Mark Zeller published a proposal to add Wrapped Go as a collateral -only asset with a new stablecoin e -mode in the Aave v3 Ethereum pool. The integration would allow Wrapped Go to be used as collateral for borrowing USDC, USDT, DAI, and LUSD. The proposal aims to enable an arbitrage incentive when Go goes below its peg. The Go Stability Module, or GSM, will focus on incentives for when the stablecoin goes over peg. The proposal also specifies a 77 % loan -to -value ratio, an 80 % liquidation threshold, and a 4 .5 % liquidation penalty as parameters. The proposal is currently under community discussion before a vote goes live on Snapshot. And lastly, SmallDapp introduced MultiSafe, a dedicated dApp for deploying a safe smart contract wallet with the same address across multiple chains. The dApp also supports cloning for safe wallets that are already deployed. The dApp supports deployments for Ethereum, Polygon, Optimism, Arbitrum One, and Gnosis Chain. SmallDapp is a registry of small dedicated dApps, including dApps for token distribution, disposal, and migration. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ether .fm. Thanks for listening, we'll see you on Monday.
The Breakdown
A highlight from Why Post Malone Is Against CBDCs
"Welcome back to The Breakdown with me, N .L .W. 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, August 11th, and today we are talking about everything from an SEC appeal to post Malone discussing CBDCs. 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. Well, at the end of this week, I got called away for some urgent, very quick travel, and so I've had to scramble my schedule a little bit. Given that, you can kind of think of today's episode as a little bit of what the weekly recap normally does, doing a sort of grab bag show of a bunch of things we haven't had a chance to talk about yet, and tomorrow I'm doing sort of a hybrid of Long Read Sunday and a weekly recap where I read a couple essays that I think were about the most important things that happened this week. Then Sunday you get a throwback Long Read Sunday that is really fun. And anyways, all of this is my way of not having to deny you shows as I traveled. So with that, let's get into this grab bag and where we're going to kick off is with the SEC and Ripple. The SEC has indicated to the court that they will seek to appeal last month's Ripple decision. If they are allowed to proceed, the regulator will ask the court's permission to appeal the parts of the decision which went against them. In a letter to the court, the SEC indicated that it would appeal, quote, the courts holding that defendants programmatic offers and sales to XRP buyers over crypto asset trading platforms and Ripple's other distributions in exchange for labor and services did not involve the offer or sale of securities under the Howey test. Now of course, you'll remember that last month's decision found that direct sales of XRP tokens to institutional investors violated securities law, while sales to retail investors through exchanges did not. This is obviously a major significant moment when it comes to the question of whether tokens are securities or not. It's so significant, in fact, that some congressmen have suggested that the notion at the core of the decision, which is that tokens can be offered in a sale that constitutes a securities offering, but that that doesn't necessarily make the tokens themselves securities, should be named after the judge who made that doctrine, i .e. the Torres doctrine. Anyways, the point is this was a big deal. The SEC are requesting what's known as an interlocutory appeal. That's an appeal that occurs over a decision partway through a legal case before it is fully decided. The regulator claimed that dealing with the appeal at this stage could save the court from dealing with two separate trials in the future. The SEC proposed that they could file a brief outlining the appeal in more detail by next Friday. Ripple has the right to respond to this letter and will similarly be able to respond to a full brief. Now separately, the judge has laid out directions for Ripple and the SEC to schedule a trial date in Q2 of next year. The trial will deal with the outstanding matters from last month's order, specifically the allegation that Ripple executives aided and abetted the company in breaching securities law. This trial will not reopen any of the issues that were already decided last month. The SEC is expected to ask for the trial to be postponed until the appeal is dealt with if they are successful in their application. Now Bloomberg senior litigation analyst Elliot Z. Stein gave a little bit of context about what happens next. Stein wrote, That of course brings up the question, will it actually happen? Paradigm policy director Justin Slaughter says he thinks yes. He tweeted, It's odd they waited until the trial schedule to appear, which is why I thought no interlocutory appeal was coming, but that likely won't prevent Judge Torres from granting the appeal request. Former lawyer Scott Chamberlain thinks the opposite. He writes, Judge Torres denies the request. She studiously avoided new law. She found the token is not the security, accepted the SEC's characterization of the transaction buckets to be analyzed, and simply applied Howie and its progeny to the SEC's chosen buckets. SEC failed because the undisputed facts didn't support all the Howie prongs for two of its three chosen transaction buckets, not because Judge Torres shifted the legal goalposts on the definition of those prongs. So next up, we're waiting to see if Judge Torres grants this request. Next up, Representative Maxine Blow a Kiss to SBF Waters is apparently concerned about PiUSD. On Wednesday, Representative Waters released a statement regarding the PayPal stablecoin announcement. She wrote that she was, PayPal instead, of course, chose to launch the stablecoin under the regulatory framework and supervision of New York State. Waters implied that the state regulation is inadequate compared to as yet hypothetical federal regulations. She wrote that, quote, Now, Waters is, of course, the ranking Democrat member of the House Financial Services Committee and has been in charge of negotiating stablecoin legislation over the past 15 months. The Republican sponsored stablecoin bill was finally passed by the committee during a tense hearing last month. In that meeting, Waters voted against the bill, but several younger Democrats defected from their party line to vote with the Republican majority. The stablecoin legislation is now eligible to be introduced for a vote on the House floor. Waters key issue with state regulation is that it removes the Fed as the final arbiter on stablecoins. During debates around the stablecoin legislation, she had said, The Republican bill undermines the Fed's role as our central bank, making it harder to protect the economy against inflation or support maximum employment if stablecoins are broadly adopted. Now, of course, Republican committee chairman Patrick McHenry does not share Waters concern that putting dollars on a blockchain will threaten to collapse the power of the strongest central bank in the world. On Monday, he remarked on the PayPal announcement by saying, This announcement is a clear signal that stablecoins, if issued under a clear regulatory framework, hold promise as a pillar of our 21st century payment system. In her statement, Waters also suggested the Republican bill had slim chances in the Democrat -controlled Senate urged Republicans to, quote, come back to the negotiating table to craft a bill that actually works. Now, Twitter response on this was about what you would expect. Castle Island Ventures partner Matt Walsh said, Maxine Waters is, quote, deeply concerned that PayPal chose the NYDFS path versus the federal path. Federal path for issuing a stablecoin literally doesn't exist. What planet are we on? Austin Campbell tweeted, Politician blocking federal legislation concern company did not file for federal license that doesn't exist because of said politician blocking legislation. You don't get to burn someone's house down and then call it a fire hazard. Next up, crypto infrastructure firm Fireblocks have disclosed a set of vulnerabilities which they are referring to as Bitforge, impacting a number of popular crypto wallets. The vulnerable wallets use multi -party computation or MPC technology, which is typically used in advanced user -facing and custodial applications. Fireblocks are classifying Bitforge as a zero -day vulnerability, meaning that it hasn't been discovered by the developers of the affected software or hackers in the wild. Coinbase, Zengo, and Binance have all collaborated with Fireblocks to fix the vulnerability within their custody systems. What's more, Fireblocks have said they reached out to other teams that might be impacted in accordance with a 90 -day responsible disclosure process. The biggest worry is that this vulnerability was found in MPC wallets, which are intended to be some of the most safe wallet designs in the world. Fireblocks said in a statement that, If left unremediated, the exposures would allow attackers and malicious insiders to drain funds from the wallets of millions of retail and institutional customers in seconds, with no knowledge to the user or vendor. Fireblocks characterized an attack exploiting the vulnerabilities would have been practical. They highlighted that the complexity of the vulnerability meant it was highly unlikely that a bad actor would have discovered the issue in advance of Wednesday's disclosure. Now MPC wallets add an extra layer of security by re -encrypting a private key and splitting it into multiple parts to be stored across multiple devices. The intention is that no single trusted device can access the crypto wallet without assistance from additional trusted parties. The Bitforge vulnerabilities would have, allowed a hacker to extract the full private key if they were able to compromise only one device, which of course would have undermined the entire multi -party security design. Overall, the whole process seems to have been a win, at least in the sense that this was discovered before it was exploited. Still, it's just a reminder that even when it comes to self -custody, things are scary out there. Now let's close with a little bit of a whistle -stop tour in the world of CBDCs. In the UK, the Bank of England has set up an advisory group for its central bank digital currency as it enters the design phase of the project. The British CBDC, which is still not officially referred to as Brickcoin, will be designed with help from a panel of experts across finance, economics, business, and more. The BOE said of the academic advisory group, In February, a consultation was conducted on the digital pound, which concluded in June. The BOE plans to run its own experimentation and design phase over the next two years, according to people familiar with the matter. The BOE will also be recruiting members for its CBDC engagement forum, which was set up to help it, quote, No word yet on whether the Orwell estate will be consulted on the CBDC design. Moving over to Russia, that country will enter a new stage of its CBDC program next week with real -world testing across 13 banks. A law authorizing the issuance of the digital ruble was signed into law last month, while the Russian central bank's testing and design process has been ongoing for over a year. In Wednesday's announcement, the central bank said, quote, The deputy governor of the central bank said that citizens should be able to access the During this pilot phase, 13 banks will test the digital ruble with a select group of their clients. The testing will focus on digital wallets, peer -to -peer transactions, purchases of goods and services using QR codes, and simple automated payments. The central bank announcement said, Now, lastly today, both on CBDCs and in general for our show, pop star Post Malone spoke extensively about what he saw as the dangers of a US CBDC in an appearance on the Joe Rogan podcast this week. Now, rather than me summing it up, let's just listen to a clip from that exchange. Apologies in advance and listener beware for the colorful language. I decided it made more sense to leave it and warn you than to censor Joe and Posty. So how do you feel about the government's digital currency that they're working on? No fucking way. No way. That's what I think. I think that's checkmate. That's game over. That is fucking checkmate. Because if they apply that to a social credit score, if they decide somehow or another that you need some social credit score system and it's for the benefit of society, and they outline that they can track your behavior and your tweets and all your things, you get a score. Already doing that. They just haven't released the fucking report cards. Well, they don't have the kind of freedom that they'd like. They didn't send the report cards home to the parents yet. Everything already is imprinted. Everything is already tracked. Everything is already there. But they just can't control you to the same extent that they would like. What they would like to do is to be able to strip you of your money and to be able to lock you down and then make sure that you comply so that all the other people also comply because they don't want to be stripped of their money. They don't want everything they work for just be taken away instantly overnight and be powerless. No one to call. No one's going to answer your phone. They just decided you fucked up and the rules are the rules and so then where does that money go? Who takes your money? When people start profiting off of confiscating people's digital currency, it's going to be a real fucking problem. It's not all fucking currency is digital. Yeah, but the idea of them controlling all of the money. And it's all unilateral. It's all the same fucking thing. That's a problem. And here's the problem I think is that people are going to do it due to convenience of it. Now one strain of commentary that I saw around this was Bitcoiners being flustered that neither of these guys mentioned Bitcoin. And while I understand where they're coming from, boy is that the wrong takeaway from this. Post Malone has 31 million followers across Twitter and Instagram. He's one of the biggest musicians in the world full stop. Rogan gets 11 million listeners per episode on average, even when it's not a huge celebrity. I think in a lot of ways this conversation about the concerns that come with the central bank digital currency is going to resonate a hell of a lot more for a lot of people given that there wasn't some specific coin solution being shilled. Now of course for us Bitcoiners, we know we have a preferred alternative, but you have to think if we're playing the long game, having people be bought into the fact that there might be a problem here is much more important than forcing them to adopt a preferred solution right away. So to the extent one cares about this set of issues, I think this was a pretty seminal pop culture moment, even if orange coin wasn't on set. Anyways guys, that is going to do it for today's episode. I appreciate you listening as always and until tomorrow, be safe and take care of each other. Peace.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1368: Michael Saylor - Should We Trust BlackRock with Bitcoin?
"In today's show, I'll be breaking down the latest technical analysis as Bitcoin trader reveals important Bitcoin price zone as the bulls hold on to $29 ,300. Also breaking news, Sam Bankman free jailed for tampering with evidence. I'll be breaking down all these recent details just announced as well as the SEC punts on ARK 21 share spot Bitcoin ETF as well as PayPal US dollar stablecoin will have a massive impact on Ethereum. We'll also be discussing one catalyst which can trigger the next upward move for Bitcoin predicts Glassnode co -founders as well as Michael Saylor predicting that BlackRock Citadel Fidelity will send the Bitcoin price to a million dollars per coin. Also Michael Saylor, who was recently interviewed by Natalie Brunel on the Coin Stories pod was asked, should we trust BlackRock with Bitcoin? You'll be surprised to hear what he had to say. We'll be discussing all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my rumble channel at cryptonewsalerts .net again that's crypto news alerts .net and welcome everyone. Just joining us the pod episode number 1368 I am broadcasting simultaneously right now on YouTube and rumble. Make sure to make some noise in the live chat. Let's kick off today's show with our market watch. We can see many of the cryptos currently correcting back in the red. We got Bitcoin trading at roughly $29 ,300. We have ETH down a quarter of a percent trading at $1 ,842 and checking out coinmarketcap .com. The current crypto market cap sits at $1 .17 trillion with $23 billion in volume in the past 24 hours and checking out the top 100 crypto gainers for the past week. We can see a mix of C, you know, red and green. We have some of the biggest losers including Hex and XDC and GMX with some of the top gainers Shiba and Rune and checking out the crypto greed and fear index. We're currently rated a 51 which is neutral. Yesterday a 53, last week a 54 and last month a 64 in greed. So there you have it. We have Bitcoin facing a new battleground as the bulls and bears fight for control of a sideways market and part of his latest analysis on August 11th, Dan Crypto Trades flagged the key level to reclaim the Bitcoin price support and with Bitcoin price breakouts continually failing both the Bitcoin bulls and bears are caught in a strongly contested range. This is the culmination of various trips above and below the current spot price making the midpoint the level to watch out for next. Now the status quo has recently remained the same since mid -June 28 .5 as fundamental support 31 ,800 as resistance and quoting him here, pretty clear that the 29 .5 to 29 .7 region is an area that is strongly contested by the bulls and the bears. It's an important area to keep watching and an accompanying chart showed Bitcoin nonetheless fighting to return to above that range low with little significant historical support lines between 28 .5 and 29 .5. Now the analyst thus ties in other perspectives from recent weeks. These likewise focusing on 28 .5 or slightly lower as a downside target and focusing on the short term Bitcoin price events fellow trader Sku highlighted just how frantic the mid 29 zone currently is for Bitcoin quoting him here, Bitcoin and now they're puking the bag. Now also continuing Sku described the spot price action on the four hour timeframe as we despite holding above various exponential moving averages as he shows here, tight price compression here, likely a 5 % plus price reaction is coming from here. So there you have it. And now for some breaking news which just came in right before I decided to go live and that Sam Bankman freed his, I guess his, what is it called? His bail was revoked and he was sent to jail for allegedly tampering with evidence. So let's discuss this as there's so much breaking news coming in. Exciting times. So here we have it. Sam Bankman freed jailed for tampering with evidence. United States district judge issued the ruling Friday afternoon on prosecutors request to revoke SPF's bail after they accused him of trying to intimidate a witness and a run up to his trial. Freed was previously serving house arrest in his California home. The freed use of the private VPN while on house arrest was also brought into question. Prosecutors say that freed shared confidential documents belonging to Caroline Ellison with the New York Times. This activity was part of an ongoing media strategy at the ruling judge said that all things considered, I'm going to revoke his bail. Bankman freed who has pleaded not guilty to multiple conspiracy and fraud charges is set to go to trial in October. His case is widely regarded as one of the biggest cases of fraud in US history. You can't make this stuff up, folks. How many of you are actually pretty excited on this news seeing Bankman freed's, you know what I mean, bail be revoked and be sent to jail? Let me know your honest thoughts in the comments below. As more news comes, I'll be sharing it all for you to keep you up to date with what is happening if anything new comes in. And now for our next breaking story of the day, it's the SEC punting the ETF of ARK 21, which is Cathie Wood of ARK Invest. We'll be breaking this down, followed by the latest with PayPal and the stablecoin, all the latest news surrounding that, followed by what's likely Bitcoin's next big move. And we'll also be discussing the one million dollar price prediction from Michael Saylor, as well as Michael Saylor's thoughts on BlackRock. And if he trusts BlackRock with Bitcoin, it's very interesting to hear his response to Natalie Brunel when he was recently asked this question on the Coin Stories pod. And of course, we'll be ending the show with our live Q &A, which we do each and every day. So yeah, now let's break down this next story of the day and shout out to everyone out there in the live chat. Much love, much respect. The US SEC has delayed a decision on approving or disapproving the spot Bitcoin ETF proposed by ARK Invest. And in August 11th notice, the SEC opened the 21 day comment period for the ARK 21 shares Bitcoin ETF to the public following a publication in the Federal Register. The latest delay for the regulator determining whether to approve or disapprove a spot crypto ETF in the United States. Now ARK originally filed to list ETF back in May, giving the SEC a maximum of 240 days, which would be until January of 2024 to reach the final decision. Quoting them here, the regulated market of significant size test does not require that the spot Bitcoin market be regulated in order for the commission to approve this proposal. The precedent makes clear that an underlying market for a spot commodity or currency being a regulated market would actually be an exception to the norm. Now ARK Investment Management is one of the many firms in the US applying to get a spot crypto ETF listed on a regulated exchange. We also have BlackRock, the largest asset management firm in the world, notably sent in its own application back in July. And a number of other firms also amended existing apps to include crypto exchange Coinbase as a surveillance sharing partner following reports that the SEC officials could be more open to accepting an ETF under those conditions. So there you have it. In a previous episode, we discussed, I believe it was Novogratz, predicting that a spot Bitcoin ETF is likely to get approved in the United States within the next four to six months. What are your thoughts? Do you think it's likely to be approved potentially this year or first quarter of next year before the Bitcoin halving scheduled for April of 2024? Let me know your honest thoughts in the comments right down below. And now let's break down our next story of the day and discuss everything with this PayPal stablecoin. Even Charlie Schramm is bullish. He said this can send the Bitcoin price to $250 ,000 a lot sooner than anticipated. But it all could also obviously impact the rest of the crypto market, including Ethereum. Bloomberg Intelligence crypto market analyst Jamie Kautz predicts PayPal's new stablecoin will have a huge impact on Ethereum. Kautz says that there is a massive growth potential for Ethereum, even if just a small percentage of PayPal's existing customer base adopts the stablecoin, which aims to keep a one to one peg to the U .S. dollar and is built upon Ethereum. Quoting him here, the PayPal announcement is not priced in. PayPal has four hundred and thirty five million active accounts versus Ethereum layer one and layer two active addresses at one million. If one percent convert a dollar balance to the PayPal stablecoin, which is P .Y .U .S .D., which would be four point three five million and begin to use it, then the ramifications for the Ethereum ecosystem and ETH, the asset are massive. I mean, numbers don't line as outlined here, you can see the current active users and addresses. Now, Kautz also said that the bullish he is bullish on layer one smart contract platforms after the expansion of layer two projects had less of an adverse impact on ETH's financials than he expected, as he shows here. The dual surprise of faster layer two adoption and less than expected cannibalization of the layer one financials has our confidence in Ethereum's potential to accrue more value than alternative layer ones over the cycle. The analyst says that each sideways price action doesn't tell the full story of all that is going on within the ecosystem, including network developments and increased Ethereum stake and quitting him again, flat price, mass and proven value accretion. Number one, network is back on growth trajectory, driven by growing layer twos and less severe monetary tightening. Number two, mostly deflationary, despite the bear market. And number three, despite cooling activity, ETH stake accelerated up 38 percent in just three months. And according to Kautz, ETH's accumulation is increasing during the stalled crypto market. As outlined here, while activity is down, investors are nonetheless demonstrating aggressive accumulation behavior. The total number of non -zero balance addresses exceeds 100 million, with over 1 .7 million wallets containing at least one ETH. Now, Kautz notices that each network is generating 3x the amount of revenue compared to the fourth quarter of last year, as shared here. Depending upon your framing, the dollar value of the network GDP slash revenue, while down significantly from 2021, has increased 3x from the fourth quarter 2022 low and is now outpacing the price. Layer one generates approximately 6 million in fee revenue per day. Eighty percent is burnt, which is a buyback, and the rest is paid to validators. So there you have it. Are you also bullish on the news of this stable coin coming out by PayPal, considering they have over 400 million active users, which can help usher in massive adoption for crypto, including the King BTC? Let me know your honest thoughts in the comments right down below. And now let's break down our next story of the day. And that's Michael Saylor, actually, before we get to Saylor's million dollar prediction and his thoughts on if he trusts BlackRock with Bitcoin, first, we've got to discuss the latest from Glassnode Analytics with the next big move for Bitcoin. So first, let's break this down. And again, say hello in the live chat. Let me know where you're tuning in from. And if you have any questions at the end of the show, we'll be reading everyone's comments out loud. The co -founders of crypto analytics platform Glassnode are forecasting that one catalyst can kickstart the Bitcoin next rally. Glassnode co -founders Jan and Jan, who share the handle, tell their 55 ,900 X followers that if the relative strength index indicator falls below 37, it can trigger a Bitcoin rally. Send it. The RSI indicator scales from zero to 100. And a reading of below 30 is typically considered bullish, while a reading of over 70 is typically considered to be a bearish sign. And according to Glassnode co -founders, there are potential buyers waiting below and around the 28 ,500 support level as shared here, Bitcoin's potential retest of 28 ,500 bottom indicated by the RSI. The bears are holding sway with RSI between 37 and 50. Sub 37 RSI can trigger a strong reversal and demand shows up between 28 ,500 and 27 ,800. Is this the catalyst for the next upwards move? Let me know your thoughts. Now, turning to alts, the Glassnode co -founders say that unless a surprise catalyst comes up, the alts are only likely to rally after the summer as they struggle amid a dip in the Bitcoin price as shared here. Despite Bitcoin's bullish move past 30 ,000 this week, will it continue? Altcoins struggle except for standouts like Solana. We have TonCoin and Hedera showing gains of 6 to 9 percent overnight. As Bitcoin dips, altcoins will feel the pressure unless the surprise catalyst emerges. We are waiting for that strong push, possibly post summer. So there you have it. Let me know if you agree or disagree with Glassnode analytics and how many of you are currently bullish on the King crypto. Let me know your thoughts in the comments right down below. And when do you think we'll break past the current annual high of 30? What is that, 32 ,000? Let me know. Do you feel it's likely to happen sooner than later, or do you think we could continue some sideways trading action until the end of this year? Let me know your honest thoughts in the comments right down below. Now let's break down our next story of the day. And that's Michael Saylor's one million dollar Bitcoin price prediction as a result of all of these recent ETFs, which can soon be approved by the SEC. Here we go. Michael Saylor actually shared this a few weeks back on the which one was it? The Altcoin Daily podcast. And I transcribed it for you so I can read it for you right here. Here's what Saylor had to say. It looks like a spot ETF will probably get approved. There is massive political pressure to approve one. The circumstances have changed and now there is a way for the SEC to approve it without backtracking on its previous legal and policy guidance. Certainly there has are a lot of Wall Street entities that have a vested interest in seeing this happen. If you're an institution, one way to get Bitcoin exposure is to buy the underlying asset. But there have been challenges with finding the right exchange to buy it on and custody arrangements. So a simpler way to do so simply by the spot ETF. There are trillions of dollars of capital that is required to invest in a security that trades in these compliant forums. And that is understating the obvious. There's tens of trillions of dollars. So there is a lot of capital that can't buy the Bitcoin or self custody of the Bitcoin. They don't want to do charter. Maybe it's against the tax code. Maybe when they raise 10 billion dollars from public investors, they raise it to invest in securities, but not interested in property or commodities. So the spot ETF availability is a major milestone for institutional adoption. The approval of a spot ETF is a major milestone in regulatory clarity, which is tantamount to an endorsement. The engagement of Fidelity, Citadel, Black Rob Schwab, I mean Schwab is synonymous with Wall Street, 100 years of Wall Street. So what you have is Wall Street coming together to offer securities and exchange services and indirectly custody services for mainstream investors. And if we look out about 12 months and if I was saying, what are the key milestones that drive mainstream Bitcoin adoption? Well one of them clearly is a spot ETF. The second is the designation that Bitcoin is an asset class, the recognition of it as a legitimate commodity. It's a big deal. When Jerome Powell says it's not going away, when Gensler and the head of the SEC and CFTC both say it's a digital commodity, digital commodity might not sound like much, but when you go down the next round, like is it a Ponzi scheme or is it a scam or tulip bulbs? The difference between tulip bulbs and digital commodity is a zero versus one. I have said before, and I'll repeat it again, if it's not going to zero, it's going to a million dollars. It is either nothing and if it's nothing, then it's getting scrubbed out and banned. And of course we now know that it's not getting banned. There is no way that Fidelity, Citadel, Black Rob, Charles Schwab, Deutsche Bank, Credit Agricole, Banco Santander, all decide they're interested in this. They are not endorsing a tulip bulb, right? Once you go from zero to one, then the question is, well, it's an asset class and if it's not going away, well, what's it worth? Well it's worth 1 % of the assets in the world. So 1 % drives it up by a factor of 10 to 20. So there you have it. Let me know if you agree or disagree with the Giga Chad and his $1 million price prediction, which I feel is inevitable, especially once that ETF is finally approved as there's literally hundreds of trillions of dollars in the total addressable market, which can start to pour into the King crypto. Now for Michael Saylor's latest from his interview on the podcast with Natalie Brunell when he was asked, do you trust BlackRock with Bitcoin? And Saylor had a very, very intriguing response. So let me break this down for you. Actually transcribed this just this morning and I posted it on crypto Twitter right here and it's already getting a lot of traction. So yeah, when he was asked this question, he responded, Bitcoin fixes everything. And if we think about what that means, we need to be prepared for Bitcoin to infuse everything. The right way to think about it, Bitcoin is going to be a base layer and there's going to be layer twos like lightning to move things fast. And there's going to be layer threes, which is custodial, like the cash app, like Coinbase, like Fidelity, JP Morgan, Bank of America, Apple, Google. There's going to be custodial layer threes and they're going to exist to provide functionality or utility. And there are technical reasons to trust a third party. The best way to think about Bitcoin is Bitcoin offers sovereignty and integrity and empowerment, not just to the individual, but also to the family, the clan, the village, the city, the country, I mean, the county, the state, the province and the country, the company, the institution, the agency, the group, the community organization, every one of these entities all have their own agency and we don't want them to not have access to this. Bitcoin makes your country better, makes your company better, makes your family better, makes your community better, makes your school better, makes you better. Preach is going to make everything better. But there's different types of rappers we need to put it in. So we shouldn't be afraid of those things. Someone said, well, aren't you afraid these big organizations are going to buy Bitcoin and centralize it? I said, it's like asking me if I am afraid that someone in Japan is going to speak English and if that's going to undermine the English language, if Samsung is the biggest company in Korea and they start speaking English and they build support for English into their products, does that corrupt the English language? No, it actually makes it much better. They are going to use it differently. What's the likelihood that Samsung can change the definition of love or change the meaning of 100 different words by adopting it? Not likely. So I think it's a protocol. The protocol is going to infuse everything and we shouldn't be afraid of all the different ways that people choose to integrate, wrap, embed or execute with Bitcoin. There is no one right answer and the marketplace will determine the right mix of integrations of Bitcoin. So there you have it. Very powerful words coming from the GigaChad. Let me know if you agree or disagree. I also get the point of what he is sharing, regardless if we can trust BlackRock or not. This is excellent for mass adoption. And I love that analogy and metaphor he shares with, you know, is Samsung the biggest company in Korea? And they started speaking English. Is that going to undermine the English language? Absolutely not. And the same thing with Bitcoin adoption. So shout out to the GigaChad. Michael Saylor also thinks that the SEC crackdown can boost the Bitcoin dominance to 80 percent. And I'd love to know your thoughts. Do you feel that this cycle, the Bitcoin Dom, can climb to 80 percent? Let me know your honest thoughts in the comments right down below. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Bloomberg Radio New York - Recording Feed
"august 11th" Discussed on Bloomberg Radio New York - Recording Feed
"With respect to the political landscape today, Zoe Tillman walking us through the aspects of the Hunter Biden case and former President Donald Trump's legal woes, among all the other topics. So much for a slow summer Friday. No, no. And thanks again to Brock Long, the former FEMA administrator, for walking us through the response to everything happening in Hawaii. With Kaylee Lines, I'm Jack Fitzpatrick. Bloomberg Business Week starts now. Broadcasting 24 hours a day at Bloomberg.com and the Bloomberg Business Act, this is Bloomberg Radio.This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine, plus global business, finance and tech news as it happens. Bloomberg Business Week with Carol Masser and Tim Stenebeck on Bloomberg Radio. Good afternoon, everybody. It is Friday and we're so glad it is. I'm Carol Masser, along with our Bloomberg News deputy team leader for U.S. Equity, Jess Man. Tim is actually off today and, you know, a lot going on, although I'm kind of just a little lost because I was listening about the aliens from sound on. How could you not? It was so entertaining. It's so funny. When I was at the beach, my family brought up because they know I'm in the news world and they're like, what do you think about these aliens? I'm a little worried about climate change right now and some other things. So, yeah, something really grabs your attention. It does. You know, you bring up an alien and like, you know, we're like, what? Anyway, it is Friday, August 11th. We're getting ready to wrap up the trading day and the trading week. I will say it's been another interesting day. And I do feel like we have been saying this every day where we kind of get one maybe trend, if you will, at the open coming off an economic report or something else.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 08-11-2023 15:00
"With respect to the political landscape today, Zoe Tillman walking us through the aspects of the Hunter Biden case and former President Donald Trump's legal woes, among all the other topics. So much for a slow summer Friday. No, no. And thanks again to Brock Long, the former FEMA administrator, for walking us through the response to everything happening in Hawaii. With Kaylee Lines, I'm Jack Fitzpatrick. Bloomberg Business Week starts now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine, plus global business, finance and tech news as it happens. Bloomberg Business Week with Carol Masser and Tim Stenebeck on Bloomberg Radio. Good afternoon, everybody. It is Friday and we're so glad it is. I'm Carol Masser, along with our Bloomberg News deputy team leader for U .S. Equity, Jess Man. Tim is actually off today and, you know, a lot going on, although I'm kind of just a little lost because I was listening about the aliens from sound on. How could you not? It was so entertaining. It's so funny. When I was at the beach, my family brought up because they know I'm in the news world and they're like, what do you think about these aliens? I'm a little worried about climate change right now and some other things. So, yeah, something really grabs your attention. It does. You know, you bring up an alien and like, you know, we're like, what? Anyway, it is Friday, August 11th. We're getting ready to wrap up the trading day and the trading week. I will say it's been another interesting day. And I do feel like we have been saying this every day where we kind of get one maybe trend, if you will, at the open coming off an economic report or something else.
What a Weird Week
A highlight from What a Weird Week Show: I have had it with these snakes in the sky! Fri Aug 11th 2023.
"The What A Weird Week show for Friday, August 11th, 2023. Snakes falling from the sky. Hi, everybody, it's weird. This is like Crazy Moon healing. Really weird, weird tales. Well, I got a great show for you today. It was so wonderful. Weird stuff. Hi, friends, I'm Scott, and this is The What A Weird Week show, where we count down the top 10 weird news stories of the week. You can like and subscribe to our podcast. You can also get all the stories we talk about in more detail on the show notes blog. That's where we put all the links. And you can check us out on YouTube. One easy way to find all that is just show notes dot page. That'll get you back to all the stuff show notes dot page. Ten. Here we go. Season four, episode 46, first published Friday, August 11th, 2023. Number 10 is Mayor Caught Cocaine. Usually you'd think it would be Mayor Caught with cocaine, but we're talking about Mayor Jane Castor, Tampa, Florida. She has made the news this week after her office confirmed that she was on a fishing trip in the Florida Keys the other day and reeled in a 70 pound bundle of cocaine. Sometimes I'll refer to that illicit substance as cocaine. By the way, I slip in and out of it. I don't know what it is, you guys. The estimated street value of the cocaine was one point one million dollars. My question is, what are the odds that a mayor of a city you've heard of goes fishing in cocaine infested waters and reels in a big one? And follow up question. How much cocaine is in the water off Florida? Are you just as likely to catch cocaine as you are to catch a fish? These are some follow up questions we got to get into. Nine. Not today. No follow up questions today, but sometime when we have the energy. Let's circle back and get into that. Nine. OK, number nine, Bear Crashes Wedding. Congratulations, Kalen and Brandon. They made the news the other day after their Colorado wedding was crashed by a bear. High school sweethearts got hitched. That's nice, right? But if you really want to get on the news, love isn't enough. It took a bear in the wedding reception tent on top of the dessert table, eating everything that I wanted to eat. Nobody got to eat the delicious cannolis because of the lousy stinking bear. Very selfish. No one was hurt. Security asked the bear to leave. So the bear left without mauling anyone, which, you know, that's that's a bright note. A mauling can really ruin a wedding. There is video of the bear on the dessert table. If you want to check that out, click show notes dot page. Here's a bit of the news report. High school sweethearts got hitched near Boulder in the pouring rain and had to add an extra plates for a bear. There he is right there. Kalen and Brandon say the bear crashed their dessert table during the reception. God bless the news and you hard working reporters trying to keep one foot in the local what's going on with the local, the town council and another foot in the light hearted throwing to the weather person every so often when we got a thunderstorm watch. And then you get the bear story and you're like, OK, how do I balance this? We've just had the fiery crash story. And now the bear on the that that portly bear on the dessert table. Anyway, God bless you news reporters. And I'm not being facetious. That ain't easy.
The Café Bitcoin Podcast
A highlight from Elimination of Cash with American Hodl, Tone Vays, Dr.Jeff and Joe Carlasare - August 11th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Hey, good morning. Happy Friday. Welcome to Cafe Bitcoin. How are you guys doing? Good, man. I'm doing great. I'm doing great. I've been thinking lately, like how we're getting into somewhat of like event conference season with TAV conference coming up, Pacific Bitcoin, Bitblock Boom right around the corner. And just kind of how last year was like so special with Pacific Bitcoin for me specifically was like when we were at that team dinner and FTX was, you know, de -pegging, collapsing, and we were all having like the best time. And it's just crazy to see how time flies. And like a year later, we're right back into it. So I would just encourage anybody that's, you know, not attending Pacific, you know, definitely go check out TAV conference, definitely go check out Bitblock Boom, try to go to some of these events and get to know some, you know, people in your in your community. But that's just what's been on my mind lately because, you know, we're nearing that time. Especially if you're thinking about you want to work in this space or something, it's such a good way to network. Just put yourself out there, meet new people. Those conferences are an easy, easy way for you to separate yourself from the pack. So I highly recommend you guys go to those conferences if you're thinking about, hey, I want to work in this space. It's just a little bit of a tip there. But yeah, Jacob, I remember Pacific Bitcoin, it was so special because FDX was crashing. I mean, it was literally around the bottom. So it was around 16K for Bitcoin. And what was interesting was that the energy there at Pacific Bitcoin, I mean, nobody really cared. I mean, it was just everyone was there for a different reason outside of conference. the energy Nobody was depressed or anything like that. It was like we were excited about some of this stuff getting cleaned up. And FDX was just kind of like a cherry on top of it. We were like, holy crap, look at all this happening. And so it gave us a lot of things to talk about on stage at that conference. So it was definitely a special time.
WTOP
"august 11th" Discussed on WTOP
"On Friday morning August 11th welcome into WTLP 348 Ian Crawford's in the WTLP traffic center all these work zones are just hanging on for all kinds of love and money we'll start in Virginia northbound 95 the doubleheader as you go through the work zone at Thornburg exit 118 with the right lane getting by you go right into the long long line slowly moving through the work zone near route 1 spotsylvania that's one to the left to get by it's overhead bridge work and that's why it is so darn slow hopefully that one's gonna be clearing the next should be clear in the next or so come what may also on 95 you've got southbound work after the Prince William Parkway with the right lane last report also near Stafford was one of the right to get by on the Capitol Beltway the work from route 50 toward 966 single left pass the work the ramp to 66 was blocked also on eastbound 66 your ramp to the interlude blocked same reason on the rest of 66 the westbound near work the was cap near the Capitol Beltway and a left lane was blocked and then after that after 123 with right the lane getting past the work on the Maryland side 50 across the Bay Bridge all John Williams available and passable 50 westbound from the Beltway heading toward 410 the left lane was getting by work the appears to still be so on 270 watch for northbound work near 124 was blocking a left lane district travel outbound canal road at last report still being diverted on to MacArthur Boulevard as the lanes remain blocked for the work zone overnight between Foxhall Road and Arizona Avenue Ian Crawford DLP traffic now this is a way to end the week comfortable conditions across the area lower humidity and some beautiful skies early this morning were mainly clear will be partly
Bloomberg Radio New York
"august 11th" Discussed on Bloomberg Radio New York
"Bloomberg Radio, Bloomberg Television and Interesting Tuesday. Interesting money up up and away after what we saw Last week, Futures of 10 Dow futures up 66. Abramowitz, that oil in your living room. You're killing it. Brent Crude moments ago, $70 a barrel Forget the doctor's bills for my kids. The Brent court the crude barrel that I had in my pay for the break. Fantastic. Look, there is this push pull of the resurgence in the economy following the pandemic that seems to be ebbing and flowing and ebbing and flowing. And right now it seems like perhaps especially with the FDA full approval of the fighter vaccine, especially with perhaps China coming in a little bit. Support for its economy. Also the Ningbo port, We didn't even talk about this. It started accepting ships started opening again. Yes, it's open now again, and that's earlier than people expected. So all of these positive developments just giving wind to what already was baked in which people knew that it would come back. It was just a matter of life. But Lisa, this is important. And I think John would say year expert at this. You got Brian Belski coming up optimistic on the markets looking at earnings as others, Chris Harvey upgrading to a more optimistic Wells Fargo from where they were caught. Says, Lisa, We're all focused on Chairman Powell have we pushed Chairman Policy side There is a lack of expectation that he will make news so that he will make waves right. There's this expectation he's going to give himself maximum flexibility. How often do we hear that? And yet the fact that we are getting more confidence in the economic recovery at what point that push the Fed to start tapering $120 billion of bonds, thereby every month. How is that supporting the labor economy? At this point, Tom Caylee lines Where do you see the confidence in the recovery? Well, I think it's coming from corporate earnings. That's what we saw with Chris Harvey over whilst Fargo up in his S and P 500 year end target for this year 2021 to 48 25 nearly 1000 points above his previous target, because the earnings growth has been so strong and we're getting more crossing the wire. It seems like every minute Tom Best buy just raised its full year comp sales forecast to nearly double what it previously saw companies corporate are doing quite well, Tom and as long as that is going on, it's hard to turn against the equity market. It's interesting wants to talk to Belski about this best buy, says Major reason was television sales in Minneapolis. Because the Vikings this year may actually win. We'll get to that in a moment. Let me do a data check right now futures they advance in the last hour, up nine. Down Futures up 60 Z 3 35,044 that level The vics is 16 print Yesterday. 17.15 now yields doing nothing this morning. A nice status. They're the real yield a negative 1.2 against Stasis over the last number of days. Dollar I'm going to call the churn this morning with euro 1 17 35 Caylee lines nailing oil this morning saying time shut up and look at it. $70.11. Barrel and Lisa's living Room. Abramowitz at the wall. Yes, I have, and I've got to say Caylee nails it every day. So it's not anything unusual when I'm watching today 9:30 A.m.. The G seven meeting is occurring virtually, and it has renewed focus this morning after we learned that the top U. S official met with Taliban officials before in the past couple of weeks before Executing some of the evacuation ahead of that, August 31st deadline. How much will this push? Pull? Come to the fore. How much do you negotiate with the Taliban Previously recognized As a terrorist organization. How much will the allies get together to try to evacuate people from Afghanistan who want to leave? 10 A.m. We get some economic data. US. July New home sales expected to be robust following the hotter than expected existing home sales data we got yesterday August Richmond Fed manufacturing Index data I'm curious to know about the inflationary input pressures again. How much are we talking about? The stock market that is divorced from the economy. Are we seeing economic pressure, particularly in the lower income tiers with the higher inflationary pressures that are not necessarily reflected? We start talking about 18,000. Can we get a 10,000 s and P projection sometime in there? Yeah. One p.m.. We get at an auction and Tom, this is for you. Us is playing to sell $40 billion of two year notes. August 11th. There was a blockbuster 10 year Treasury sale. It turns out a record proportion of that sale was taken up by foreign buyers. This is an interconnected international bond market. When we talk about why yields are so low, we're talking about inflation. Picking up to the highest level since 2000 and eight This is the Why globally we are a low rate world and in that world, how much can one country move alone? Tom? Well, it'll be interesting to see. I think, uh, maybe I'll interrupt my nap to see what to your archers. Today. This is important. This happens once in a while, and it seems to be all the different financial news agencies as a correction on best Buy Now, some confusion on those headlines. I know Caylee was day Trading Best Buy Here is Lisa was talking, but a little bit of confusion and best buy. Earnings. We'll get that straightened out. This is a joy. It is a research report of great acuity, great charts and great belief in the American economic experiment. Brian Belski joins from BMO Capital Markets. He has Venable He has been correct, correct, Correct, Brian, I've got to make some news this morning. Help me here. Can I get a 5000 out of here on S P x Mhm. Good morning, Tom. You know, we hinted back in May when we upped our number. Originally, we came out in November of 2020 and the S and P would hit 4200. And then in May We moved up to 4500 and we also hinted in May. Quite frankly, that Earnings in our 40 4500 would be too low. It's a stay and stay in tune on that, but we don't chase markets. We have a process and discipline. I actually think it's a contrarian indicator when everybody is raising their numbers at once, and so again. I'm not calling for a correction to say the least. But, you know, August September as you know, Are typically and historically very volatile times and during volatile times, Tommy, you want to buy quality, and there's something that I have hearkened on your show for decades in terms of being a high quality, fundamental investor, and I think now is the time remember. A year ago. Jackson Hole,.
News 96.5 WDBO
"august 11th" Discussed on News 96.5 WDBO
"On murder and other charges. A Deltona man accused of exposing himself to a woman last week was caught Saturday night with his pants down outside of her bedroom window. Sheriff's awesome says it has stopped running. Get on the ground. You're on the ground. Get on the ground, Everybody, not these pants there. Alicia County deputies arrested Francisco Javier era Roscoe Gutierrez after a short foot pursuit. They've been investigating the case after report a week ago, the suspect, knocking on the victim's bedroom window and exposing himself to her at her sliding glass door. Roscoe Gutierrez was charged with indecent exposure, voyeurism, stalking, loitering and prowling and possession of drug paraphernalia. That was after deputies found a crack pipe. In the immediate area, where he was taken into custody. And as the Taliban entered Kabul more than a week ago, there were sending out squads to apprehend members of the Afghan security services, police and others in a number of cities around the country that according to leaked confidential reports from the U. N by the Norwegian Centre for Global Global Analysis director Christian Neeleman now says the only assurances of amnesty the Taliban has given our news conference statements they truly were giving amnesty. To people who have previously worked in the Afghan forces, Afghan special forces Afghan air force on the security services police and other we had expected a fatwa a religious statement to be issued. On amnesty, which we have not seen. Meanwhile in Kabul, an estimated 20,000 Afghans are anxiously trying to get to the airport to evacuate as the Taliban closes in Florida paramedic is off the job this morning, but not because he had sex with a patient not really any way back on August 11th Jandi Moreno was working a seven PM to one AM shift at Plantation General Hospital's ER between nine and 10. Marino disappeared for 45 minutes without telling anyone to have sex with a patient, but it wasn't the unprofessional. Conduct that was listed on the Florida Department of Health Administrative Complaint against Marino that got his license pulled. It was the fact that he abandoned his duties. Going AWOL for nearly an hour without notifying his employer right now had been working as a paramedic since 2011 Loralee Wdbo, one of 73 FM, and am 5, 80. Well, that'll be my weird story of the day. I think there's a lot of competition today. 12 35 on Orlando's news at.
Power 106 FM
"august 11th" Discussed on Power 106 FM
"All this money When I grew up? I had not been filled. Backstabbing. My old life is discussion space. Kevin, You gotta thank God that I'm living come to the objects. I don't believe that. She says she's done with me. But some bitches and I let the fire like the way kicking my feet up left the PJs on a P. J. You're a big dog, and I walk around with no leash on the Yeah. Everything on Fiji zone suicide all over a little bit. Really college girls. Give it am I trust our lives so much money? How? That you're driving. Okay, mister. Hey, under truth Got me tripping up the poop, walker. Rufus Ice. My name. My neck was tripping man. My name. My neck would keep me Let's go daily dose on power Morning hit 7 49 in the morning, and I'm already thinking about what I'm having for lunch. And it might just be Popeye's because they recently added chicken nuggets to their menu on a blouse of starting July 27th. They're going to be adding this to their menu. Now I love chicken nuggets for Mickey D's. I know they're not the best sift them in some sweet and sour that I wonder what kind of sauce they're going to have. I heard they got like four different sauces with the fact communities Popeye, you want to send some nuggets and some pride and some biscuits, and so we could try them before you know what I mean. And speaking of before you remember way back when that one little show called MTV cribs well, is coming back to MTV, they said Martha Stewart, Rick Ross, Big shot and snuck in. A lot of other artists are on the roster for the big release date. It's going to happen on August 11th are going to be Showing off their house and you want to feel old old. Okay? It debuted 20 years ago and T V cribs. That's why they're saying it's going to come back. And Miss Cardi B made one of her announcements. Yesterday. You heard me one of them. Her and Armani are dropping a track today at nine p.m. Eastern. I believe, however, that announcement is just one of them because after she said that this is what she posted fact that I got another secret to Toya tomorrow. Yeah, I got because I tell you, but in the meantime, make sure that you guys are getting ready for that Armani rector and my re by So when is she giving this other announce me? I guess today. I don't even know I'm just gonna wait. I'm gonna wait for Cardi to give it to us. Also now she gave us a new song. What do you think is the next announcement? I have no idea. I just love actually last like an evil villain. Well, listen to USA will take on the island of Martinique at 6 30. It's the Gold Cup going down so far. My football fans enjoy Team USA being somebody today. Okay, so we got to watch soccer and we got to watch out for Cardi B's announcement Melisa reels, and that was your daily dose. Brought to you by.
WTOP
"august 11th" Discussed on WTOP
"Could have the lanes blocked in both directions. And in silver spring dealing with this incident from late last night early this morning on fair Land Road, it is blocked nearer. Cold fear, Cole fair drive down utility wires and a pole. Utility crews continue to work in that area, but to expect the the ongoing closure in the Fairlane Road area. Protect her home from the invisible destroyer Termites Call home Paramount Pest Control for free inspection. 88, a Triple eight home, where it home paramount dot com. Steve Dresner. W T o P. Traffic, not a storm team Foreign Samara Theodore wrapping up this weekend quietly with temperatures down to the mid to upper fifties overnight, mostly clear for your Saturday night. Tomorrow. Another beautiful day in store with high temperatures in the mid to upper eighties so noticeably warmer, but it will still be mostly sunny for your Monday. We've got a chance for thunderstorms. High temperatures on Monday in the mid to upper seventies by Tuesday, Feeling hot temperatures in the upper eighties. Mostly sunny with a chance for afternoon showers and possibly thunderstorm. I'm starved him for meteorologists. Samara Theodore temperatures around the Washington area right now we've got 67 degrees in Oxon Hill, 67 Sterling six. The seven at the WARF in D. C. The forecast tonight. Brought to you by Len the Plumber trusted same day service seven days a week. It's 7 21. It was closed all last year because of covert 19. But Merryweather Post Pavilion is getting ready to reopen for summer and fall shows starts July 4th weekend with the M three rock festival and acts like Kicks Queens, Right and Night, Ranger. Rod Stewart and cheap Trick play. August 11th coverage of Freeman gave Matthews Band jams August. 21st Capital jazz fest is September.
KQED Radio
"august 11th" Discussed on KQED Radio
"Talk about that. Who comes now We like the definitely acknowledge that are black. People show up first, because that's always been. Our goal is for black people to run. We have black women. We have some black seniors walking. We have a white woman. Miss Susan. She is 72 years old walking with us. So we have from 72 year olds all the way down to Children, man. I just I just really like cried. There was a young man who committed toe run in a part of the route that he never ran before. It was up a long hill and I told him that if you get up this hill, you will make yourself proud. And you could see where he wanted to quit halfway through the hill. And then he dug in and he ran up the hill faster than he was running before. You got tired. Yeah. Explain how it works. You all wait for each other. How does it How does it work? When it was just four or five of us? We would just wait for each other. Like we would get up a hard hill. I will push. Cause I'm always gonna push and then I would get to the top of the hill and I would just wait and encourage whoever was coming up like we know it's tough. Let's go. Let's get through this together that we get to these different spots along around. Well, we just wait for each other, and we go for another mile or two. And then we wait for each other like this particular hill that you know, I got emotional with the young man. And so it's our last hill and we call it a cold shower. You come up from under a tunnel out of the projects, and we hit this hill as hard as we can. And at the top of the hill was Main Street, and so we just gather in a big crowd right there and we chair everybody up the hill, and I think it makes people very confident going into that morning. Well, what happens to the along the roof? What? What? How do are the neighbors responding now, Um, we've been labeled Lau joggers. We've been, um, criticized on ready about being drug dealers. What? Yeah, but the community has really, I think as a lot as a whole, Charlottesville has been more than welcome into our movement and now with all of the with all of these injustices that people are paying attention to now. And with a 12 in our home. I think that it's empowering a lot of our young people to really like, figure out what our gifts and talents aren't really given to the world. I'm running right now. And I'm doing the NPR interview issues show us that we can change our world. I think that's what it's showing on black community. A lot of our young men a lot of our young ladies. To just make our situation better as black people and ultimately make Charlottesville better because we just don't and we got a lot of dope things that we could do and when we are locked out It's to the detriment of the country. It's to the detriment of the city. It's not just our laws is all of our laws because we could be a better place if they really gave especially are black women space to exist? Well, you mentioned a 12. We have to say, you know, August 11th 12th. This was the you know, her horrifying white supremacist neo Nazi rally in Charlottesville had the higher was killed by a new Nazi. Who around her and injured 30 others with this car. He's been sentenced to life in jail. But then 2020 Mahn armory black man just running through a leafy neighborhood. Was tracked down, chased by a father and son. It was all videotape by a friend of theirs. The father and son end up shooting and killing him. This was you know, a black man running. Have there been people afraid of running while black. Are you ever afraid of running while black? Honestly, I will have to say no, just because I'm just I'm not gonna let them have that. I'm aware of the possibilities, but I'm I think I'm like my armory. I didn't see fear in him. You know they hunt to him. He went out like a warrior, and that's the best you can do as a black man, because you already noted a stacked against you, and the best you can do is have some heart and have have some some dignity..