40 Burst results for "Brooklyn"
A highlight from SBF TRIAL: 09/26 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. Former FTX CEO Sam Bankman -Fried has traded his palatial Bahamas bunker for a bunk bed as he transitions from lux to lockup. Bankman -Fried is staying at the Metropolitan Detention Center in Brooklyn, one of the nation's most notorious correctional facilities. Conditions at the jailhouse where Bankman -Fried has resided for six weeks since losing his bail are a far cry from the former billionaire's old Caribbean stomping grounds. The internet is slow, the living quarters dirty and the cafeteria offering slim, his lawyers have argued. He is subsisting on bread and water, sometimes peanut butter, the defense told a federal judge last month. Former residents of the famous facility and their lawyers, however, have said there's much more to tell about the notorious lockup. They've likened conditions at the jailhouse to those faced by prisoners of war and Hannibal Lecter in the horror movie The Silence of the Lambs. But what's MDC really like on the inside? Here's what we know about the infamous detention center. MDC Brooklyn is a large prison complex encompassing two buildings and housing more than 1 ,600 male and female prisoners, many of whom still await trial. As a mixed security facility, the MDC houses inmates with a variety of criminal histories, including terrorism, organized crime and drug smuggling. A report from the Bureau of Prisons shows current inmates include Juan Orlando Hernandez, a former president of Honduras, who has pleaded not guilty to drug trafficking charges, and Guo Wengui, a Chinese businessman who has pleaded not guilty to fraud charges. Others who have previously served short stints at the jailhouse include Epstein accomplice Ghislaine Maxwell and pharma bro Martin Shkreli. Bankman -Fried likely has a rigid schedule at MDC. Inmates wake up at 6 a .m. and must make their beds, mop the floor and tend to their trash. An orientation handbook from the facility shows. From there, inmates like Bankman -Fried might go to work around the facility, serving as prep cooks in the jail's kitchen, providing janitorial services throughout the complex, or assisting at the facility's maintenance shop. At 11 a .m., they eat lunch. Dinner is served at 4 p .m. Meals are supposed to consist of a meat such as turkey, a starch like rice and a vegetable or fruit, but prisoners are actually served cold cuts, sandwich bread, moldy pound cakes and other unidentifiable foods from the kitchen, according to a petition on Change .org. If Bankman -Fried, a vegan, doesn't like what's offered at the cafeteria, he can use his $150 weekly commissary allowance to buy peanut butter and jelly sandwiches, worth $3 .65 each. He can buy up to two of those per day, according to the complex's rules. In between meals and work, inmates are allowed breaks. However, there's no prison yard for recreational activities at MDC. Instead, Bankman -Fried will have to hang out with his fellow inmates in indoor community rooms, where they can play cards, talk and watch television. Bankman -Fried can also take showers during his downtime in one of five separate individual shower stalls, according to former inmates. However, lines to use the showers are often long. At the end of each day, Bankman -Fried may retire to a communal dorm with rows of bunk beds, according to former prisoners' accounts. However, it's also possible he has been put in protective custody and has his own cell. Either way, getting some shut eye may not be easy. Fluorescent lights keep the dorm and other rooms across the jailhouse semi -lit 24 hours a day. Inmates' writings show. In addition, inmates can often be heard shouting across cell blocks at all hours of the night, former prisoners have said. Uncomfortable heat and cold is another potential issue Bankman -Fried may encounter during his stay at MDC Bankman -Fried in Brooklyn. According to several local news reports, many parts of the MDC lack heating and air conditioning units are sparse throughout much of the facility. Want to follow along? Sign up for Coindesk's new daily newsletter, The SBF Trial, bringing you insights from the courthouse and around the case. You can get the podcast each day right here by following the Coindesk Podcast Network. Thanks for listening.
Fresh update on "brooklyn" discussed on Rollye James
"Brooklyn Bridge and he said that's my name and that's how my husband my wife and up a and couple other yeah things of but course yeah the worst that could happen Johnny was a Maestro very big was hit a and great then guy minor hits with your blank about what else I might want to talk to you about but anyway yeah yeah Johnny well I love died to listen to really you and I just threw a young Johnny was only 70 really he was only 70 when he died so that that was in 2010 certainly he surprising was to very me young hmm March of 2010 so I'll it be born was you I'll got be listening an example to me good what god I meant I to wish do I what could rewind this see I was trying to say is I there was you born go on Friday the 13th and that happens to fall this year on my birthday oh perfect oh you perfect know it's yeah isn't just a it yes burning joke look in my our mom family was yeah born the April on Fool's April the yeah 1st yeah I'm a twin as well my brother died back in 2004 and nobody knew me but they that's knew tough we there had was gonna be Don's a sister piano oh in our living room wow at my mom's wow house and then he just you sat he down know at five years had old perfect started pitch playing it and hmm everything out and of the blue I nobody can't taught him anything he look I'll let you always finish out everything remember with other I callers want to say I just or do really but I've love to listen to learned your show to take and good notes well good deal so so so we'll we'll so hear yes from you indeed soon I and hope the yeah Brooklyn Bridge of course okay went on thanks to prove good Alan night White appreciate that was the it record guy right suggested that it would be easier to sell the Brooklyn Bridge he proved them very very wrong I think but or he might died of have cancer been on the west I coast think it but was like in 2010 any event in he was down South in Florida I somewhere think and he was only in 70 in Broward years old County Florida and so that so was that was the yeah deal yeah Fred too young Ferrara that's died for that's a year for sure later so he 888 was only 8888 765 593 Raleigh and let's see we're gonna have time for one more and I think I still have one of Jimmy Pease requests to play if not I'll go back to GN a radio favorite of of Scottie's you never go wrong with that village art all night for teens is happening on September 29th at Woodbridge Library 1801 Hamlin Street Northeast 6 to 11 p .m. check out the cosplay characters and models that will rip the runway during the me teen enjoy fashion free show food and enjoy giveaways live with music a performances chance to win featuring a laptop to be gift banned cards urban and gaming rhythm band chairs in and DJ so Remy much more why all why night if for you teens have t September -mobile 29th 5g detail home of internet DC you art might all be night hearing org this a we lot better see you why there every time your internet slows down during the busiest hours why why because your network gives priority load speeds to cell than phone t -mobile users 5g good home internet during peak hours question okay why not stop switch to Cox the wise internet with and two visit times faster Cox download home Larry slash 5g Elder here home for I details never t really -mobile prioritizes thought much certain t about -mobile phone how users aches over home and internet pains users can during reduce times of congestion a hi person's quality of life until pain started keeping me from living my best life just a few years ago using the stairs was aches difficult because and pains
A highlight from Synthetix: A New Hope with Kain Warwick
"Welcome to Bankless, where we explore the frontier of internet money and internet finance. And today on Bankless, we are exploring the frontier of the multi -chain Ethereum roadmap. The Rollup -centric roadmap has always been about producing many, many new layer 2s, each of their own flavor, construction, and type, in pursuit of allowing diversity of chains to all exist under the same ecosystem that we call Ethereum. Synthetix, an application, has been leading the charge into exploring what does this mean for the application layer of Ethereum. And today on the show, we're bringing in Kane Warwick, actually inside of my apartment. This is an in -person conversation, so you'll be able to pick up on the speed and lack of latency there is between me and Kane, I would say. He was in New York for Mainnet, and so we wanted to do a show about his recent blog post that he wrote called Synthetix, A New Hope, about the next stage for synthetics in this multi -layer 2 ecosystem, and how he is thinking about some of the complexities and challenges that the Ethereum Rollup -centric roadmap presents for the application. Like I said, since he was in town for Mainnet, I was like, Kane, just come on over and we'll do the conversation in person. So that was pretty fun. It's always nice to have in -person conversations. I don't do them as much, even though I have the setup ready to go. Anytime there is a conference in New York, however, I will try and get one done. So in this episode, you're going to watch us navigate the complexities, the challenges of Ethereum's Rollup -centric roadmap as it relates to applications that desire to exist across multiple layer 2s, across multiple chains. Depending on the layer 2 application, the application construction itself, different challenges can arise in various levels of complexity. Kane and I walked through the three different levels of cross -chain complexity that an application can have that is determined by what that application is trying to do. For example, just mere independent instances like Uniswap deployments across chains is the easiest way to navigate the multi -chain world. It doesn't really matter if different Uniswap instances are deployed across chain, but as soon as there's unified governance, all of a sudden there is complexity because we need to start to weave these chains together. And then there's the next phase, the synthetics phase, which is not just unified governance, but unified liquidity and unified state. Synthetics has always been at the frontier of navigating the hard problems in Ethereum. After Unipig, the Uniswap demo on Optimism's Optimistic Rollup, the first Optimistic Rollup that had a live in production demo of an application, we called it Unipig back then, synthetics was the number two. And so they have always been pushing the frontier of what is possible in the world of crypto. And now Kane is leading the charge into doing the same thing once again with synthetics and the multi -chain ecosystem. So if you are curious about the super chain idea for Optimism or just simply the shared state of layer twos, they're re -composing all the fractured composability of layer twos, this conversation is for you. And it's also just a fun conversation. Kane is a great conversationalist and he's of course wicked smart. So let's go ahead and get right into that conversation with Kane Warwick of synthetics. But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, our preferred exchange for crypto in 2023. If you do not have an account with Kraken, consider clicking the link in the show notes to sign up with Kraken today. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first Dow led web three ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the web three space for Mantle. Mantle already has sub communities from around web three onboarded like game seven for web three gaming and by bit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone based funding to promising projects that help expand, secure and decentralize Mantle. If you want to get started working with the first Dow led layer two ecosystem, check out mantle at mantle .xyz and follow them on Twitter at zero X mantle. Arbitrum is accelerating the web three landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web three gaming hub and social dapps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum. Experience web three development the way it was always meant to be secure, fast, cheap and friction free. Big List Nation, we are here in person in my apartment here in Brooklyn with Kane Warwick, the co -founder of Infinex, semi -benevolent dictator of synthetics, house collector and possibly, possibly the best hair in Ethereum. Kane, welcome to my apartment. Yeah, thanks for having me. I was hanging out downstairs for a little while. I couldn't figure out what channel to get you on. So yeah, just like the problem that we're going to discuss in this episode, how you reach me, Telegram, Discord, email, Twitter, text. We need some kind of aggregator. Yeah, we need one single shared way of getting in contact with each other. And you're in town in New York here for Mainnet. How's that been going? Yeah, it's been good.
Fresh update on "brooklyn" discussed on Rollye James
"DC art all night dot org. We better see you there. You can host the best backyard the best around queue connect when you find a professional on Angie to make your with skilled professionals innovations. to get all your home Get started projects on the done Angie well app inside or visit Angie dot to com outside today. repairs to You do this when you Angie that they say in three years there will not be any human in any drive -thru in the United States. you want fries wait what was that a bot's not going to be able to engage in m a conversation like that. I can't help with that. Bob Sarat weekdays 6 a .m. Gee I can't believe that whiz you love me I can't believe that an angel like you could so fall in love tenderly with Gee me whiz Gee why do I thrill when you kiss holding your hand my the heart stands feeling still is when I'm How a grand, do you talk whoops, to a an angel? What words should I thrill How above? do you walk Should I be with an Gee Love comes but once in a lifetime WGN radio I'm Rodney James so there's a thing about class records that came out in 1958 That's later well yeah my it fave was Bob not by far not Bob exactly and it was Earl Earl I after should say but it saying wasn't Bob Bob and here Earl one was the that deal the Harlem original Bob shuffle and Earl was Robert Byrd who of course became Bobby Day and Earl Nelson and they're both in the line was Hollywood that they and flames didn't do yeah very buzz well buzz as buzz Bob and all and that Earl and and so so Bob bottom thought you know line I'm Earl leaving that and did so Harlem Earl Nelson Shuffle got which him a was second produced Bob he by got Bob of all Reef people and Barry that White was the but Bob and that was later in 1958 she was it was a flipside actually it wasn't even the a -side when she walks with the a -side but Jean man Church I heard who that had wonderful that b -side ones and as man well just so heaven for we're talking me to so Karen that's in Knoxville my favorite class the record birthday since girl we were talking that about she Eugene will be yeah and so how you gonna good grandchildren celebrate I yes hope to I be with my was daughter comment about the groceries wherever you open something before check out and so pay for I it think you should and just check out I and know pay for I it then open personally don't it when you get think home all right well so I mean so here let's say you're only in the grocery store for a while and you've got a three -year -old in the cart who's giving you all my that assets bar now will well you I quiet would sure consider them down it by opening I up a don't candy think my mother I would have must done admit that for that me it surprised pretty me because this is one of those life questions that I've sure never thought she about ever and now we have have people throngs of people who are emotional about this well line you and know I'm I thinking have yep an opinion yep but it's the end I'm of the not world gonna as we be know it it's come visceral to this about it yeah well doing I so yeah it don't know that I'll now keep you I'm posted gonna have to all notice if I right have caramel an opinion it's good I'll to hear from have to you watch thank and you see if I see anybody I'll have a good night and happy birthday if I don't talk to you beforehand thank you all right so speaking of beforehand the tomorrow season night I believe we're this hockey on an but hour late whatever or it is we'll thereabouts be on because about an hour late I and think it is the first that hockey that thing happens let's again let's a few times have let a look me here let and me see if I can give you the yeah schedule in case you're so you know taking that rabid would be 11 notes p or .m. something tomorrow then 11 p .m. on Tuesday the 3rd and 11 p .m. on Thursday I believe I the believe 5th we're that's true and on the 10th maybe a then little bit late but after not but not that by let's much and then I'd say the 24th you might get an hour of me but Halloween you're not getting a show the at all night on before the 31st that'll be a quick show and in you're you're any event getting other maybe than that it's I me all the way Monday through don't Thursday know a you half know on hour Fridays of it's for a replay your of calls Monday night trivia so as don't I call as but on Monday I nights will be of course this I'm this coming Monday when we will pleading be live starting at 10 and that is that is what that's all right my god I didn't realize of that's course just already an hour October delayed but other October than that we 2nd are yeah here Monday alright night trivia so October 2nd we got Debbie and tomorrow and night Raleigh so welcome hard well to WGN ago radio well when you called down Karen there I friend and was I laughing thought so something I would do yeah oh yeah absolutely I'm starting connected to to say what something I'm saying and then yeah right in you're the middle of lucky what if I'm saying it's in English another well word will come out that isn't even closely I know French and once in a while I'll almost look into that but I was gonna say Victrola there's anyway a I bought it a record few months ago because I player I had a whole want to gob say it's made by Vic what we used to call a talking of book player mm albums away -hmm and I which had just had a tossed basic turntable my and it was heavy as lead it must have weighed 15 pounds but you know everything went to some other format aside from played you at know eight yeah hard records you there's know or whatever even right the right plastic there records all that plastic CD kitty records player of course okay this AMS it in radio and has a the three turntable that plays 45 78 and 33 and third records yes she could well probably that's find great and it and I so love do it you have I it as love USB it and for so your computers you or you have it know as when a she standalone does a little looking no no it's just a tabletop thing okay standalone item yes I understand. well Victrola I know also they've has come some up on six the table -in -one Bluetooths yeah they've they've which will got do I the think CDs it's and right everything no else so I yeah they've got well a lot I of use models it because I from play which my to CD choose that oh I recorded for people that yeah want to hear they it do you and know I pop that in once in a while and I was going to tell you one of my favorite and artists the from night you the were past talking is about Johnny the Maestro Brooklyn Bridge oh itself sure I it thought about just that you foot know when you that were song I that didn't he catch recorded all you were saying for and I thought oh some she's reason gonna talk I don't know about him and then you were talking about the bridge itself you know well I know I have talked about that the he interesting used to be in thing the crests if of course and you're unaware they had is some how wonderful he came up with 45s the name Brooklyn Bridge on he co actually -ed all didn't that wonderful stuff yeah Trouble right in Paradise yes right I'm step by step absolutely and everything yeah else I've so got a a lot of lot yeah that's and wonderful stuff on the crest but of course that was that was a latter 50s and so oh other he group together was still and kicking around the New York record almost guy ten said years later you got and as much chance he of had selling said records you as know I'm you do putting sell on the
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and 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 YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. 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.
Fresh update on "brooklyn" discussed on The Crossover NBA Show with Chris Mannix
"Magic won 34 games last year. The Heat, I forgot how many games they won. They won 44 games. Are the Heat a few games worse? The Magic a few games better? They are not going to be worse than the 7th seed that they finished last year. They are going to put lipstick on a pig. List 8 teams that would finish ahead of them. Rowan, your argument assumes Jimmy Butler is going to play 75 games. No, it's not. He missed a ton of games last year. So did Bam. So did Duncan Robinson. All these guys. I'm factoring all that in. Brooklyn's not done anything and they were under .500 after the Durant trade last year. As good as Mikayla Bridges was, they were under .500 after that deal. So I don't think they're going to finish 6 again. I think Ben Simmons is as reliable. Now we're counting on Ben Simmons. We're going to start counting guys on the roster. I think the teams below him. Atlanta is a little bit better. Chicago maybe not. The Pacers I think are going to be a little bit better. The Magic as I mentioned are going to be a little bit better. Look, I think they're in a dogfight in the play-in is where I think they are. And look, that's fine if you are the Orlando Magic. Or if you're the Brooklyn Nets even because you're trying to build. This Heat team is built to win right now. They've got a bunch of guys in their mid-30s. I don't know what their next move is. What does Tyler Herro, Jaime Jaquez and a first-round pick get you at this point? What does Kyle Lowry get you at this point? Maybe they can get Drew and if they do, that would be a score for them. Because he'd be a good fit with that team. But look, I think the Celtics can go around and offer Brogdon plus a pick. And some filler there. I think there's a Harden trade with the Clippers. Three team deal it could happen. There's a lot of things that make more sense to Portland than a deal that nets with Miami. So it's no sure thing they get him. I just think they're in trouble, man. They're in a lot of trouble. They need to do something. I will be writing about this. I think they need to do something. But I also think, again, I don't think they're going to be a top four team. I don't think they're going to be a top five team. But the East is shaky enough that I'm not penciling them in to miss the playoffs. I'm still stuck in the fact there were so many embarrassing takes coming from people down in Miami that we're like, what are you talking about? I sat there at Joe Cronin's press conference in Vegas. His first press conference after the little deal. Joe's like, you know, look, we're going to be patient. We think there are good deals out there. We're going to take our time. We'll do what's in the best interest of the organization. I believed him. In that moment, I believed him. Nobody down in Miami seemed to believe him. Like, oh, no, he'll make a deal. He's got to do right by Damian Lillis. He's got to get the deal done. He didn't. And I think he did better. Reasonable minds can disagree on the return. But I like DeAndre Ayton. He's just turned 25 years old. I think he's going to put up big numbers this year. I think he's going to be a better and enhanced role. Now they have a little bit of balance in that rotation because they were kind of guard heavy at the moment with some of their young players. Now they've got a big, they can throw the ball to, could score, do some things. They're going to be bad. There's no doubt about that. But this makes sense for them. This is a balanced roster that makes sense. DeAndre Ayton, under a long-term contract, can grow with Scoot Henderson, can grow with Shaden Sharpe, can grow with the Efordy Simons. I like it. Meanwhile, Miami, they are further away from a championship row on than they were a couple of months ago. That is for damn sure. There's no disputing that at this point. I'm not going to, I'm not going to argue with you there. All I'm going to say is if, again, I don't think Portland made a bad move here, but if we're, if our hope rests on DeAndre Ayton, I'm like, sure. Hope rests on Tyler Herro? Good luck with that. Is Tyler Herro going to fix more? Is Tyler Herro, does he get more in a deal than Drew Holliday? Remains to be seen. Remains to be seen. I would say no. That contract is not something teams want right now. Otherwise, you know, there'd be much more appeal to it. I think the Blazers did fine. The Bucks did great. The Suns, kind of a lateral move, but we'll see how it works out. I think lateral is generous for Phoenix. The Heat are on fire right now. The Miami Heat are on fire and it's kind of their own fault. Just leave it at that. We'll be back here on the crossover next week. Upgrade your listening with Bose QuietComfort Ultra Headphones. Breakthrough Bose immersive audio makes everything sound more natural than ever. World-class noise cancellation gets quieter than any Bose headphone yet. And the high fidelity audio is tailored to your ears only. So highs hit harder. Bass drops deeper and you fill every note of the track. This is Leveled Up Listening. Bose QuietComfort Ultra Headphones. Dive in deeper at Bose.com forward slash iHeart.Smart journalism. Fascinating topics. Words that describe CNN's podcast, The Assignment with Audie Cornish. Elon Musk is suing him and the organization he founded, the Center for Countering Digital Hate. Which is an organization that studies hate speech and disinformation online. This is the man in the middle of the misinformation wars, Imran Ahmed. Listen to The Assignment with Audie Cornish on the iHeartRadio app. CuriosityStream. With the best documentary films and TV shows. Tastemade. For the fun side of food and travel. Topic. With the best thrillers and crime stories. DaVinci. Teacher approved ad-free shows and games. And more. From nature to history. Technology to food. Mystery to adventure. Get seven streaming services for one low price. At less than $6 a month, it's the best deal in streaming. Sign up at SmartBundle.com.
Where Are the Arrests of the Portland Rioters Who Burned Courthouses?
"Giving up any of the cookies in the cookie jar. You may think, oh, I get out of the car with a hat, glasses, a mask and a hood on. No one's ever going to recognize me. Well, notice what you just said. Well, I got out of the car. You think a license plate camera didn't pick you up getting out of the car. Well, how would I know where I got out of the car? Because, folks, there's basically ring cameras and doorbells everywhere. One of my best friends, this is what he did for a living with the NYPD. There's not a section of New York City Manhattan in and probably Queens and Brooklyn, too. Probably not so much so in Staten Island. there's But not a section of that city where between ring doorbells, NYPD cameras and business security cameras, you're not covered, basically 100 % of the time. And even if you're not, it doesn't matter. Let's say you show up at a left -wing riot up on Capitol Hill to protest Kavanaugh. How'd you get there? Oh, I parked my car six miles away. They can backtrack and find you from the building. Capitol They can find cameras, even if there's a couple blocks missing. There's only a few blocks you could have come from into the feeder block. Is this making sense? I don't mean to talk over anyone's head. You're all smart. You probably figured it out. There is no way they won't find you. Oh, no, no, he didn't know. No, I got out of an Uber. Yeah, they'll see you get out of an Uber, and then they'll trace the Uber at a time and see who had the Uber account. Just they like traced the January 6th bomber back to the train station in Virginia. Yet it's strange, right? Anyone who was anywhere near January 6th, or even not, Enrique Terrio wasn't even in D .C. What do you mean? No, he wasn't even in D .C. They all find themselves in a prison. You don't find any of this strange. They find themselves in a prison. Yet the people who tried to burn down the courthouse in Portland, and the people who stormed Capitol Hill in protest of Kavanaugh slamming on the doors like violent lunatics, that none of them have been arrested and appeared on an FBI wanted sheet. Why
Fresh update on "brooklyn" discussed on Bloomberg Businessweek
"Leaders that transcend geographies, industries and ideologies. Because when global leaders work together, the outcomes benefit all of us. Learn more at BloombergNewEconomy .com Neil Armstrong Neil Armstrong waited 6 hours and 39 minutes to step onto the surface of the moon. Jackie Robinson waited 20 months to play his first game with the Brooklyn Dodgers. And even DiCaprio had to wait 22 years to win an Oscar. You can wait until your destination. Don't text and drive. Visit StopTextStopRecs .org. A message brought to you by the National Highway Traffic Safety Administration, Project Yellow Light and the Ad Council. The Bloomberg Talks Podcast. Today's top interviews from around Bloomberg News. An extended conversation with former Vice President Mike Pence. Phil Gross, the co -founder of PIMCO, joining us right now from California. Wide ranging conversations with Fortune 500 CEOs, big name investors and business leaders around the world. Thank you so much for joining us on Bloomberg Talk. Subscribe today on Apple, Spotify, and anywhere you get your podcasts. Bloomberg, context changes everything. I learned patience from my adoptive dad. All he had to say was, hey, you got this. Just breathe. Hey, we're pretty good. Band. I got it. Learn about adopting a team from foster care. You can't imagine the
A highlight from Everybody is Replaceable!!!
"Everyone is replaceable. Joanna, you are replaceable. Even when people buy dupes of like bags and shoes and perfumes and like all of these other things, it is just not the original. And you know it! Hello, lovely people. Hi, Joanna. How are you doing? I'm doing good, Tracy. How are you? I'm doing great myself. It is Labor Day. What did you do today? Well, I pretty much cleaned my apartment, which has been quite in a mess for a bit. But I got to cleaning and I'm really excited because I think, I do love cleaning. I don't think, but I do love cleaning. So just being able to do that makes me happy. So that's pretty much all I did. How about you? You said I'm wife material. For me, I just spend the day working. You know, not much. But yeah, that's basically it. Ain't nothing to it. I wish I was out exactly. Just running. I wish I was outside though. Cause I've seen like the videos of the carnival happening in Brooklyn. And I wish I could go for the carnival. But you know, if we just wear horses, Vegas will ride. Period. She's educated. Yeah, period. Well, today we do have a spicy topic. But before we do get into it, we'll have to start with prayer. Alright, should we pray? Lord Jesus, we thank you so much for today. Thank you Father God that finally we're able to sit here and to have discussions on different topics. But also to glorify you with our words. Holy Spirit, we invite you into this space. We actually acknowledge you in this space. And we ask that you would be our guide and director. And help us to say that which you want us to say to bring glory to your holy name. Thank you in Jesus name I pray. Amen. Amen. Amen. Amen. Amen. Why are you looking at me like that? I wish everyone could see. When she's giving sight, I'm like, amen. Amen. You were looking at me like, you know how when you un -spit me about a like play or who or whatever. That's how you were looking at me. You're like, this is how I want to do this stuff. This is how I want to do things again. How you started, I can't help it. I was going to, but when I saw your face, I was like, let me be steady. That's funny. Oh well, oh well, oh well. Guys, I'm excited about this topic. I feel like it has been a hot topic maybe. A lot of people talking about it lately. And so we also want to discuss and give our take on it. Before that, let's give out our business shout -out of the day. Of the week actually, because you're not going to hear from us the following week. So this week's business shout -out goes to Neil Bina. And she's upcoming and she makes beautiful nail designs, persons, whatever it is. She's really good at her job and I entreat everyone to look her up on Instagram. Nailed Bina, N -A -I -L -E -D, by N -A -A. She's so good at what she does, yo. I look at her work and I'm like, well, I'm proud of her. I'm proud of her work. So, and I will never show anyone fake. Period. Thank you. So yeah, y 'all go check her out. Go check her out. I think she's a really great nail artist. So what? Yeah, nail tech. Oh, nail tech? Yeah. Nail tech. Okay, yeah, nail tech, yeah. And she's, she's a friend of ours. So please support her business. Yeah, period. All right, Tracy, do you want to get us into our topic for today? Everyone is replaceable. Joanna, you are replaceable. Oh my gosh. Why did that just sound like so off in my ears? What? Say, I want to hear that. You are replaceable. Oh my gosh, that hurts my feelings. I'm sorry. Not. Well, I don't think I'm a believer that honestly, like as woke as it sounds. I don't think I believe that. And I have to say I agree with you. It is a statement that when I hear, sends word flags to me. And I'm sharing the same sentiments as you do. I really hate to hear people say that like, everyone is replaceable. Everyone is replaceable. Everyone is replaceable. Because then, you then treat people as dispensable. And I don't think anyone is dispensable. But yeah. Yeah, back to you. What would you say? Yeah, I was saying like, it sounds like a very woke statement. Like, you know how one person gets up and they have their opinion about something and everyone just kind of hops on it without like, actually, Deeping it and like forming their own personal opinion about it. Or sometimes like people feel like their opinion is contrary to the majority. And so they feel like, you know, what in order to not come up as controversial or whatever. I'ma just, you know, run with what everyone else is saying. Right. So that is a woke statement. Everyone is what replaceable. Everyone is replaceable. And it's so funny that in recent years is gaining popularity.
Fresh update on "brooklyn" discussed on Bloomberg Markets
"Weekend listen to Spellcaster the podcast that chronicles the fall of FTX founder Sam Bankman -Free. Everything was kind of like in almost mafia -like behavior. It's basically worth zero now. This Spellcaster takeover all this weekend beginning Friday night at 7 Eastern on Bloomberg radio. Neil Armstrong waited 6 hours and 39 minutes to step onto the surface of the moon. Jackie Robinson waited 20 months to play his first game with the Brooklyn Dodgers. And even DiCaprio had to wait 22 years to win an Oscar. You can wait until your destination. Go text and drive. Visit StopTextStopRecs .org. A message brought you to by the National Highway Traffic Safety Administration, Project Yellow Light, and the Ad Council. This is Caroline Hyde. And I'm Ed Ludlow. Join us for
A highlight from INSIDER LEAK! Meet The Asian Gang Protecting SBF In Prison!
"All right, we're back. We have a slight drop in the price of Bitcoin 25 ,779. But this drop is not actually about crypto. It's actually about the Dixie. So if you look at the Dixie, the dollar is getting really, really strong. Look at that. The dollar is backing the trend now and trading at 104 .66. This is really scary because a strong dollar will make all risk assets actually start going down. And that's not what we want. So we've got to investigate what the reason is for this Dixie going up and whether this Dixie can continue to go up. And if the Dixie is going to continue to go up, then what is it going to do to Bitcoin? That's what we're going to be talking about today. We also have news today, good news for crypto. And that is that the London Stock Exchange plans a blockchain powered digital markets business. So we're going to talk about that because this is a real story about real world adoption and tokenization of assets, which is going to be a major, major, major theme. And then we're going to talk about the big story of the show today, which is this guy over here, SBF. Apparently, this is what's going on. And he is currently being protected. Get this, get this. He's being protected by an Asian gang in the prison in Brooklyn. So we're going to talk about more about the information that we've got around this Asian gang and what's happening with SBF in prison. And then we're going to talk about another Asian. Okay, not really an Asian. He's a Canadian Asian. That's CZ. And we're going to talk about Binance. And what happens if Binance collapses? Or if something happens to Binance with the Department of Justice? Do we have to worry? Does crypto have to worry if something happens to Binance? Will it be a cataclysmic shock? Is that the end of crypto? Is there actually a chance that Binance is going to collapse? That's what we're going to be talking about. Also, maybe we should talk about preparing for a bull market. I know it's like quiet here, and there's not much happening. But we did speak yesterday about creating some kind of buy list, and then just being patient and waiting for the tokens to come into your buys. I'm not going to get you and start talking to you about buying altcoins now, because I know that's like, read the room, bro. No one's buying altcoins at the moment. But this is the time where you should be thinking about what to buy when you have conviction that the market's going to turn. You can't wait for the market to turn before you create your plan. You got to create your plan and then execute according to your plan. Now, problem is that when the market starts turning, it starts moving too fast. And then you don't have a plan. And then you create a plan on the moment. And the plan is usually rushed. So today we'll talk about how to create that plan. Anything else we're talking about, guys? I forgot. The scarecrows don't talk. The scarecrows spoke. All right, well, then let's start the show.
A highlight from GEN C: How Real Estate Is Embracing Web3 With Julie Allen, SVP of Digital and Creative at Howard Hughes
"Gen C is the generation of the new Internet. In Gen C, the C stands for crypto, but it also stands for creators, the connected consumer and collectibles, both digital and physical with on -chain provenance. It stands for culture and characters, the ones we play in games and the companion ones that AI is building alongside us. It stands for community and digital citizenship and the new set of transparent and trustless tools being built to govern them. These are the people who were raised on a different philosophy on how they look at money, how they look at identity, how they look at privacy and how they look at the hybrid, digital and physical spaces being built all around us. And finally, how they reimagine their relationships with the communities and companies they interact with. We focus on how brands large and small are building for these audiences. Welcome to Gen C. Avery, we are back. Episode 42 of Gen C. Where does the time go? I'm coming to you from Brooklyn, New York City. Where are you? I'm at home in Miami. Look at us, both home. This is rare. Very rare. This is actually the second most popular week to take off in corporate America. The first most popular is the week between Christmas and New Year's. The second is apparently the last week in August, right leading up to Labor Day. So it's actually a nice kind of quiet week to get some work done. This is my favorite week in New York because there is nobody here. You've got the place to yourself. You can get reservations, you can get parking spaces, anything you want in New York you can get on this specific week. Well, there's been some interesting stuff happening in the world of general web three. The first one, which may be the weirdest blockchain story that I've read in a really long time, is the idea that, you know, the people who make Parmigiano cheese, which is sought after around the world, they are adding edible microchips to the cheeses so you can verify that those cheeses are authentic and they are validating them as authentic on the blockchain. So this actually, for me, was a really interesting story because this is kind of the practical use case that we had said a long time ago. This is actually a great use of blockchain. It's a public system. You can verify it. The edible microchip part, a little bit weird because I think about, you know, you're at the Italian restaurant and someone's grating that cheese over you and I'm like, how much microchip am I just getting? Right. But I did think it was sort of a fun use of the blockchain. And I guess one of my questions for you is, do you think we will see some of these kind of more boring uses, but very practical uses of blockchain coming more to supply chain dynamics to inventories around the world? Yes, I do, especially in highly sought after goods, rare goods where authentication is a real problem. So that is an interesting use case. I would be curious the durability of said chips. How exactly does that work? So I need to read further into that. But I think blockchain verification is probably the most clear use case to me of blockchain outside of crypto like Bitcoin, I would say is like the killer use case for blockchain right now. There are others and verification is one of them. I don't know about Parmesan cheese verification being a large use case. It is rather niche. 100 ,000 wheels of cheese so far have been tagged. That is an impressive number. It really is. So let's closely follow that. Let's get in touch with these cheese folks. Maybe we can ask our dear friend Mags Calla who spent a lot of time in that region this summer brushing up on her Italian. That's true. So I keep wondering about the folks who are worried that Bill Gates is tracking them, what it think that that is a case of practical innovation.
A highlight from THE HASH: FTX Founder Sam Bankman-Frieds Planned Defense Irrelevant Without More Details, Govt Says
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, Web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hello, hello, and welcome to the hash on Coindesk TV and the Coindesk podcast network. This right here is the penultimate episode of the hash before we go on an extended indefinite hiatus. And we are going to have a fun time, I assure you. My name is Zach Seward. We got Jen Senassi, Wendy Oh, Will Foxley. We're the hash. We have plenty of news to get to, including an SPF update that Jen is going to explain for us. Thanks, Jen. What's going on? Another day, another SPF update. We can't get away from it. All right. The Department of Justice said in a filing on Tuesday that Sam Bankman Fried's plan to argue that his lawyers approved alleged fraud during his time at FTX should be struck down for being irrelevant. U .S. Attorney Damian Williams said in the filing that SPF should specify the legal advice or abandon the proposed defense altogether, while SPF's attorneys say that sufficient disclosures were made and that his client's conditions in jail have violated the U .S. Constitution. Will, tossing this one off to you, what do you make of this? Is this just lawyer stuff? Is this just stuff we got to get done? Can I ask you that? You're the lawyer on the show. I'm not I'm no lawyer, no lawyer at all. I'm just a crypto boy. The alleged lawyer. Oh, wait, wait. Crypto boy or Bitcoin boy? Choose your words wisely here. In reverence of the famous TikTok video, I will be a crypto boy. Back to SPF, our other crypto boy in this story, not having a great time. Apparently, he's also having some bail bond issues. Of course, he covered that last week where they got rid of his bail. He was on bail for $250 million. But then he started tampering with witnesses and the DOJ wasn't a big fan of that. They went to the prosecutors, went to the judge, got his bail revoked. He went to prison. He's in Brooklyn right now in jail, awaiting his trial in October. And there's some disputes going back and forth about him being able to prepare for his hearing. He wants to be let out five days a week. That doesn't really work in jail. So that didn't happen. But they did give him some leeway to go on the internet. They gave him a laptop that had like Microsoft Word and Adobe on there. It was kind of like some fun little nuggets. And then also some limited access to the internet. But he's still not even happy with that. And he was like refusing to go back to his jail cell apparently at one point. So we do have a little bit of a prima donna moment in jail, Brooklyn, which is just, again, more drama for SBS saga. Zach? Zachary Reality I think this is a lawyer's gonna lawyer, right? They're trying to dictate the terms. They're trying to say what's in play, what's out of bounds. They're going back and forth with the judge trying to, again, get their client the best possible shake that they can. I don't know if it's gonna work. There's a lot of crazy information out there, thanks in large part to Sam Beckman -Friede's public statements as he tweeted through it all. He was very much vocal in public during this whole thing. And so it's gonna be hard, I think, to land the things, land the requests that his legal team is asking the judge in this instance. But hey, that's their job. They got to try to get the best possible shake that they can for their client. They're doing so. And now we get to talk about the different drives of the legal proceedings leading up to the crypto trial this century in October. I don't know if there's a ton more to say beyond that. But you know, there's these little updates. They keep happening. This is the legal system. Everyone in crypto now is an expert in bankruptcy law and an expert in the finer points of the legal process. So we get to witnesses, we get to learn as we go. And we get to see little headlines like this that, again, are those sort of little minor updates leading up to the big thing this fall. I think Jen may have some more nuance to offer and I saw her raise her hand, so I'll toss it her way. Maybe not more nuance, but I want to add here just as an addition to what Will was saying, the DOJ is saying that the tech that SPF has access to goes above and beyond what other defendants have been offered. And I think that's important to note here. You know, they're saying that he doesn't have enough to be able to prepare for his defense. But if we look at other people who are in the same situation, they may not have the means or the resources to fight as hard as SPF is to meet with his defense lawyers. I also want to point out here that the DOJ has filed another motion to dismiss all seven of Sam Bankman -Fried's expert witnesses. They're saying that the disclosures are insufficient, experience may be misleading, and that their planned testimony is not relevant. So it'll be interesting to see what happens there. He has seven expert witnesses and the DOJ is saying that none of them should be able to testify. Wendy? I was actually going to ask you that, Jen, because I didn't read all of the article. I know I come so prepared every day. No, there were so many articles. It's not your fault. It's not just one. There were so many. But that's what I was going to ask is, is the tech that he has, is it comparable to other people in kind of similar situations? I don't want to say similar because the type of case it is. And I also think it's important to know, I mean, he is extremely tech savvy and I can understand why the judges are like, no, we don't want you to do this because you have a long history of committing crimes with this type of technology. So to me, it would make total sense. And this is why he has a team of attorneys to kind of navigate and deal with this stuff. And I do understand when you go through the legal system, you were very much involved in your particular case, regardless of the legal representation you have. But at the same time, is he really to be trusted with these types of devices? And I know a lot of people are saying, oh, that's kind of conspiracy is. But really, when you think about it, it's he did bad stuff using technology. So why would we give him access to technology so he can do more bad stuff? And there are ways to get around things and whatnot. So I don't know. I kind of feel like this is warranted. He doesn't have a good track record. All I want to say is he probably had the best tech at his parents' house and he had to go and keep flapping his mouth. So I do actually have some some information really quickly. I did speak to somebody and they did, in fact, say that he does keep track of like a lot of football statistics and just won't shut up. And his legal team is telling him to shut up and he's not listening.
A highlight from Karen Ottoni Interview - Hyperledger Blockchain Solutions, Besu Ethereum, Amazon Fabric, CBDCs, Tokenization, Permissioned vs Permissionless
"This content is brought to you by Link2 which makes private equity investment easy. Link2 allows you to get access to companies before they go public, before they do an IPO. Within their portfolio includes fintech companies, artificial intelligence companies, as well as crypto companies. Some of the big crypto companies in their portfolio include Circle, Ripple, Polysign, Chainalysis, Dapper Labs, Ledger, and many more. So it's a great way to diversify your portfolio to get access to equity. So you may invest in crypto, stocks, ETFs, but now you can get access to equity in these companies before they go public. And obviously that can be very beneficial from an ROI standpoint. So if you'd like to learn more about Link2 and diversifying your portfolio, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Karen O 'Tony, who is the Senior Director of Ecosystem and Strategic Initiatives at the Hyperledger Foundation. Karen, it's great to have you on. Thank you so much. I'm happy to be here and talk to you. Well, Karen, I've heard a lot about the Hyperledger Foundation for years. I've seen the Hyperledger Foundation mentioned or Hyperledger Fabric mentioned on Amazon's website, and I've seen you guys working on different projects. I've always been curious because it's something that it's not really part of the open crypto market per se, because it's a private blockchain and network and so forth. So I want to ask you a ton of questions about what you guys are doing. Well, let's start with your background. Tell us about yourself, where you're from and where did you grow up? Ah, okay, sure. I am originally from Brazil, which is relevant now just because it's very exciting to me. About what's going on with Brazil and the CBDC announcement that they've been making. But I grew up here in the US. I've lived a little bit everywhere. We just connected on living in Brooklyn.
Monitor Show 06:00 08-24-2023 06:00
"Legal analytics, business insights, and workflow tools at BloombergLaw .com. With guidance from our experts, you'll grasp the latest trends in the legal industry, helping you achieve better results. For the practice of law, the business of law, the future of law, visit BloombergLaw .com. Up next, we'll get the latest on Nvidia's blowout earnings plus analysis of the first Republican presidential debate. It's coming up in our 6 a .m. news. This hour two of Bloomberg Daybreak starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Thursday, August 24th. Coming up today, Nvidia surges after another earnings blowout fueled by artificial intelligence. Market attention now turns to Jackson Hole and a key speech from Jay Powell. The first Republican debate has the candidates targeting President Biden and each other. And the man who led a mutiny against Vladimir Putin is presumed dead. Rudy Giuliani surrenders to Georgia authorities and posts $150 ,000 bond and a hammer attack at Brooklyn leaves a mother and two children fighting for their lives. I'm John Tucker. Those stories straight ahead. And I'm Dan Schwartzman. The Yankees snapped their nine -game losing streak in a big way in the Bronx. I'll have that and more coming up in sports. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow and NASDAQ futures are jumping this morning at 1 .1 percent or 163 points. S &P futures up four tenths.
A highlight from WSJ Says Binance Facing Trouble Over Sanctions Violations
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 23rd, and today we are catching up with all the latest intrigue around Binance. 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. Hello friends, welcome back to The Breakdown. When we survey the landscape, the wreckage, some might say, of this industry after the last year or year and a half, it is pretty clear what the biggest hanging chad or threat left is. One might argue that there's still contentiousness around DCG and whether it will be able to successfully get itself out of this Genesis situation. There's obviously a lot of jawboning about that and recriminations flying back and forth between Barry and the Winklevosses, but the bigger threat, at least that most people identify, or perhaps not threat but concern, is whether Binance is really doing as okay as they say they are. CZ has been quick to wipe away story after story with his customary four, indicating that everything is just FUD, and it is certainly the case that there has been an extraordinary amount of leakage from various US government offices around their investigations into Binance in ways that have led some to assume that they don't actually have the goods on Binance and so are just trying to try them in the court of public opinion. This week we got even more of all of that when on Tuesday, the Wall Street Journal reported that Binance is still facilitating large amounts of Russian transactions, raising the question of whether the exchange is flouting Western sanctions. The article claimed that, quote, via layers of intermediaries, clients can turn funds at sanctioned banks into balances at Binance, while Binance also enables peer -to -peer trades of rubles for digital tokens that frequently involve banks that are on Western blacklists. A spokesperson for Binance said, Binance follows the global sanctions rules and enforces sanctions on people, organizations, entities, and countries that have been blacklisted by the international community, denying such actors access to the Binance platform. They added that in operating their peer -to -peer service, Binance has, quote, no relationship with any banks whatsoever, in Russia or elsewhere. Now, of course, US sanctions have not been imposed on Russian citizens generally. However, most of the Russian banking and financial system is subject to sanctions, which prohibit US citizens and firms from dealing with them. The EU and other US allies have similar levels of sanctions in place. In October, the EU tightened restrictions on crypto transfers to Russian wallets, removing a 10 ,000 euro limit to prohibit crypto transactions to Russian residents and entities entirely. The claim made by the WSJ is that Binance is facilitating international transactions for Russian citizens who have been cut off from the global financial system through their peer -to -peer platform. According to the Bank of Russia, around $428 million in peer -to -peer crypto transactions are taking place each month. The reporting claimed that there are hundreds of active peer -to -peer sellers willing to buy and sell rubles for crypto with a significant market for Tether. The main centralized exchange is also seeing significant volume in rubles. Volume is massively down from its peak of $80 billion per month in May of last year, but still processed $8 billion in ruble to crypto trades in July according to data from CC Data. Tatian Maksimenko, a Russian businesswoman who formerly worked at a crypto exchange, said, Now, according to a recent review of Binance's peer -to -peer services, as reported by the Wall Street Journal, the platform allows Russian clients to receive payment at at least five sanctioned Russian banks. Crypto sellers on the platform provide payment details to Binance, who allegedly disbursed funds out of escrow after the on -chain transaction has been completed. The article raised further concerns that payment provider Advanced Cash continues to facilitate ruble -denominated transactions with Binance through additional intermediaries. The Belize registered payments provider said it had severed ties with sanctioned Russian banks in March of 2022. However, its website provides links to, quote, Now, of course, the report comes after months of speculation that the DOJ is investigating Binance for money laundering and sanctions evasion, but to date, no charges have been filed and it's unclear whether any charges will be forthcoming. The reaction from the crypto community is basically one of, if this is true, it's a big deal. Investor Adam Cochrane writes, Can you imagine the sheer level of chaos if Binance is hit with OFAC violations? Like how do they deal with that seizure? If they blacklist the hot wallet, then your deposits are effed would be way worse than any regular DOJ action. Travis Kling writes, Sheesh, $428 million per month of P2P ruble to crypto, $8 billion per month of ruble to crypto trading on the main exchange. If you think the US government isn't going to drop the hammer hard on that kind of scale of sanctions violations, you've lost your mind. Now, as with basically every story that we've had on Binance this year, there are two possible explanations. One is, though, where there's smoke, there's fire. And these things are leaking out because there's just so much to leak out that it's coming out of all sides and that we're still just in the period before some action comes. The other possibility, however, is, as some have claimed, that because the DOJ or OFAC or whomever don't actually have a good enough case to bring charges, they're instead trying Binance in the court of public opinion and in so doing feeding sourcing for these types of articles. I don't know what the case is, and I think everyone is right, especially after the last 18 months, to be extraordinarily skeptical. A default position at this point in crypto of assuming there's fire where there's smoke is definitely sensible. But we're coming up on a year now of rumors of DOJ or criminal action. We still haven't seen anything yet. So I guess for now, we just have to wait until the next article comes out with all sorts of its accusations, just so that CZ can say four. The people who are concerned can say they are concerned. The people who are Binance stans can just say four as well. And we're right back to the beginning where we started. Now elsewhere in the Binance empire, some customers are reporting difficulties withdrawing euros. In response to a user complaint on Sunday, the Binance help desk responded that, quote, we have temporarily suspended euro withdrawals and deposits via SIPA. SIPA is the Single Euro Payments Area Network, a bank transfer protocol similar to ACH. Now Binance later deleted and revised this public statement, stating that the SIPA deposit and withdrawal service will continue until September 25th, as originally communicated. The customer service message was sent in error. We apologize for the inconvenience, and we will have alternatives for our users in place before then, so stay tuned. Making their feelings known, the user experiencing the problem simply replied, lies. The issue comes a few months after Binance informed users that its European banking partner PaySafe would be discontinuing services on September 25th. A Binance spokesperson addressing the specific users issue said, some users may occasionally be asked for more information as part of routine compliance checks, which could lead to early closure of their accounts. They said that Binance will have alternatives for our users in place before the end of the SIPA service. Now, trouble processing euro payments comes just a few days after news broke that Binance were also being cut off by London -based credit card processing company Checkout .com. Binance were the single largest customer for the payments firm. Forbes reporting cited letters sent in early August, which cited concerns over anti -money laundering, sanctions, and compliance controls at Binance. The letters said termination of service would occur on August 17th, and a Binance spokesperson said that the exchange disagreed with the reasoning for the cutoff, but stated that it would have, quote, no impact on our services. Finally, making everything so much the worse for Binance, their native token BNB has been on a renewed slide. The token reached a low of $204 on Tuesday, but has since recovered and is now trading at around $217 as of Wednesday afternoon. Tuesday's level was BNB's lowest point since June of last year and represented a 14 % drawdown in under a week. Part of the downwards pressure on BNB relates to a massive $150 million loan on Binance smart chain lending platform Venus Protocol. The position was opened up by a hacker in October of last year. After exploiting a cross -chain bridge to mint a half a billion dollars worth of BNB, the hacker took a loan against some of the fraudulently created funds, presumably as an exit strategy with no intention to ever repay the debt. In November, a governance vote was taken on how to avoid a massive impairment accumulating on Venus Protocol. The BNB core team proposed becoming the sole liquidator of the position to ensure they could prevent any liquidation cascades. On Thursday night, the liquidation began with $33 million worth of BNB cleared to shore up the loan. Venus Protocol tweeted out that the account was quote, made healthy, but there's still another $126 million in outstanding debt sitting on the Venus Protocol waiting to be liquidated if the BNB price continues to fall. Now, summing up all of the chaos, Travis Kling, who it should be noted is warning, and intentionally so about Binance after being caught up in the FTX collapse, tweeted, Pretty wild price action in BNB. Not sure what's going on. It's almost as if Binance was sued by the SEC on numerous charges with damning evidence, Was sued by the CFTC on numerous charges with damning evidence. Had three senior executives quit in the same week? Had a billion -dollar -plus collateral hole in Binance peg BUSD? Had Paxos forced them to wind down BUSD? Got kicked out of Canada, Germany, Netherlands and Belgium? About to be charged by the DOJ's strong evidence of massive money laundering, terrorist financing and sanctions violations? Under investigation in France for aggravated money laundering? Had their auditor quit and remove attestation? Lost multiple banking partners and payment processors can't process fiat in most countries? Had Binance US effectively closed? Laid off thousands of employees? Cut benefits for remaining employees? Dot dot dot. Oh. Wait. Like I said, I don't know what the truth is. The fog of war is thick. But a default position of defensiveness, and assuming that things are as bad or worse than they seem, is probably the safest approach right now. Speaking of things being as bad or worse as they seem, let's close on a quick Sam update. Sam Bankman -Fried has pleaded not guilty to a superseding indictment. Prosecutors formally presented the indictment during an arraignment hearing before a magistrate judge. The fraud and money laundering charges remain the same, but the campaign finance charge has been dropped. The details of campaign finance violations will be folded in as evidence for the remaining charges. Prosecutors said they were required to drop the campaign finance charge due to complications with their extradition arrangement with the Bahamas government. This was Sam's first appearance in court since he was remanded to jail earlier this month. The judge has not yet dealt with Sam's request to be released to prepare his defense at the However, Sam was allowed to meet with his lawyers on Tuesday until 3 p .m. when he was transported back to the Brooklyn Metropolitan Detention Center. During Tuesday's hearing, the issue of Sam's inability to review documents due to a lack of internet was raised, with his lawyer stating, Prosecutors noted that the matter had already been briefed to the judge overseeing the case. The magistrate responded to Sam's lawyer by noting that, Sam's lawyers also bemoaned conditions at the jail. He said that Sam had been denied vegan food options and stated that, The lawyer also noted that in the past 11 days of confinement, the jail has not provided Sam with Adderall, a drug for treating ADHD, and according to his lawyer, Sam is also running low on his supply of MSAM, which is a depression treatment. Prosecutors quibbled over the suitability of the jail conditions to enable Sam to prepare his case ahead of an October 2nd trial date, with ultimately the magistrate saying they would look into the issues once the hearing was adjourned, hoping to resolve them that day. Sam is still yet to provide details of legal advice regarding his conduct at FTX, despite prosecutor requests. He is seeking to rely on this as an advice of counsel defense. The judge set a deadline of documentation of this advice to be submitted by Wednesday. Now also the night before the arraignment, prosecutors and Sam's lawyers submitted competing sets of jury instructions for trial. The DOJ's document laid out the basis for each charge in detail and explained the difference between substantive crimes and crimes of conspiracy. Prosecutors outlined what jurors would need to determine if they decide to convict, specifically that there was a scheme to defraud, that Sam knowingly and willfully participated, and that the defendant used interstate wires to conduct the scheme which includes the internet. SPF's filing suggested that he may argue that he had an honest belief that use of customer funds was not unlawful. The filing suggests that his behavior amounted to honest mistakes in judgment and errors of management rather than crimes. It leaned heavily on the idea that unregulated crypto firms are in something of a gray area. Sam's filing said, If Mr. Bankman -Friede acted in good faith with respect to the use of FTX customer funds and with the belief that as a business matter FTX would be able to cover all customer withdrawal requests, he did not act with specific intent to defraud. It is also not relevant whether you believe certain conduct should have been regulated even though it was not regulated at the time. Now to put it mildly, the community does not have a lot of sympathy. However somewhat more sympathy is being extended for Nate Chastain, OpenSea's former head of product who was convicted of fraud and money laundering in May and has now been sentenced to three months in prison for insider trading. Chastain was responsible for deciding which NFT collections would be featured prominently on OpenSea's homepage. The scheme involved him purchasing NFTs ahead of them being featured on the website. All told, Chastain was accused of making over $50 ,000 in profits from this scheme across dozens of trades in 2021. At the time of his arrest, authorities referred to this case as the first ever insider trading scheme involving digital assets. Chastain's lawyers argued that the case should be dismissed because NFTs are not securities and Chastain leveraged information that was not confidential. The judge however was unconvinced and allowed the case to proceed to a jury trial in May, ultimately ending in his conviction. In addition to the three months behind bars, Chastain has been ordered to serve three months of home detention, to conduct 200 hours of community service, to pay fines of $50 ,200 and to surrender 15 .98 ETH, the spoils of his crime. US Attorney Damian Williams said, Nathaniel Chastain faced justice today for violating the trust that his employer placed in him by using OpenSea's confidential information for his own profit. Today's sentence should serve as a warning to other corporate insiders that insider trading in any marketplace will not be tolerated. So there you have it friends, that's the update from here. Another set of dreary but important events as we try to close the door on the last chapter of this industry and move to something hopefully a little bit better. Thanks for listening as always and until tomorrow, be safe and take care of each other.
Monitor Show 06:00 08-22-2023 06:00
"Slash podcasts, and attorneys can get the latest in AI -powered legal analytics, business insights, and workflow tools at BloombergLaw .com. With guidance from our experts, you'll grasp the latest trends in the legal industry, helping you achieve better results. For the practice of law, the business of law, the future of law, visit BloombergLaw .com. Up next, we'll get the latest on maybe the biggest IPO of the year in ARM, plus more regional banks come in for credit downgrades. Hour two of Bloomberg Daybreak starts right now. Back in play in the UK. Another credit agency cuts U .S. bank ratings. And 10 -year Treasury yields trade near 16 -year highs. President Biden visits fire -ravaged Maui and pledges the nation's full support. And Floyd Bennett Field in Brooklyn will now house thousands of migrants. I'm John Tucker. Those stories straight ahead. And I'm Dan Schwartzman. The Mets dominate the Braves to open up a series in Atlanta. I'll have that and more coming up in sports. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And U .S. futures are higher this morning. S &P futures up four -tenths of a percent or 18 points. Now, if you...
A highlight from "The SEC Is Floundering"
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys, it is Monday, August 21st, and today we are talking Coinbase International, Sam's request to not be in jail, SEC, Ripple, and much, much more. 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. Hello friends. Well, we are officially in the dog days of summer. This is a period of the year that is always quiet. People are soaking in the last of their summer vacations. Traditional markets aren't very active. People are getting ready to go back to school or go back to jobs. And particularly this year, given that we are in the true depths of a bear market, or if you've listened to my episodes with James Check from Glassnode, that long in between a bear and a bull market where things just kind of stay flat and boring, the August doldrums are even more amplified. Now, I will say interestingly that the excitement around things being built on base and in particular friend .tech, I do think is at least a little worthy of notice in the context of some patterns that I've noticed at the beginning of bull markets. Patterns that involve, on the one hand, Bitcoin driving a new narrative return to the space. And on the other hand, in franchise builders within the space, finding some new playground or sandbox to mess around in. But maybe we'll look a little bit more at that later this week. For today, we're going to do a grab bag of some of the more important things from the past few days, and we're going to start with the SEC and Ripple. Ever since Judge Torres handed down her decision in the Ripple versus SEC case, the big open question has been whether the SEC was going to file their appeal, and what would it say if they did? Well, now the SEC have filed their motion for permission to appeal the Ripple decision. This is still a preliminary motion asking the court to certify the case for appeal. If successful, the SEC will also need the appellate court to accept their case before they can proceed. Although it's still early days in the Ripple appeal, this motion gives a look at how important the Ripple decision is to the SEC's overall enforcement strategy. The SEC noted that the Ripple decision, quote, could have a substantial impact on a large number of pending litigations. They specifically noted its relevance in ongoing cases against Coinbase, Binance, and Justin Sun, among others. One of the key questions in the Ripple case is whether blind purchases of digital assets from an exchange could create a, quote, reasonable expectations of profits based on the efforts of others. This is, of course, one of the key elements of the Howey test. The SEC highlights the importance of getting a firm answer to this question for the purpose of setting precedent for other cases. They write in their filing that, quote, the pending cases may involve different crypto asset securities, but the same legal disputes at issue in the order's rulings will likely be critical in those actions as well. Now, the Ripple decision has already been outright rejected as a precedent in the Terraform Labs case. In that lawsuit, the judge not only found that Terraform's LUNA and UST tokens were factually distinguishable to Ripple's XRP token, they also determined that the Howey analysis in the Ripple case was an incorrect application of the case law. The Terraform decision was in an early -stage motion to dismiss, but the judge still found that UST could be a securities offering even when sold by a third party through an exchange. Notably, in their filing, the SEC has backed away from their position that crypto tokens are inherently securities and will not argue that point on appeal. The regulator, in fact, claims they never even took that position in the first place stating that the SEC did not argue here or in Terraform that the asset underlying those investment contracts were necessarily a security. The SEC's appeal, if it's allowed to go ahead, would be what's known as an interlocutory appeal. This means it would take place before the final trial has concluded and is a somewhat unusual but not unheard of process. Most of the issues have been decided already, with the only outstanding issue being whether Ripple executives aided and abetted the firm in breaking securities law. Now, interestingly, one attorney, Greg Buke, has said that the SEC's strategy is not particularly smart. Greg writes, Judge Torres did not rule that sales over exchanges can't be investment contracts. She only ruled the SEC failed to meet its burden of proof that a reasonable retail investor would believe they were relying on Ripple's efforts for profits. The SEC relied on cherry -picked statements from Ripple and selected employees, but failed to produce evidence of the reach. The SEC didn't produce evidence of a single XRP holder, who said he was relying on Ripple to increase the price of XRP. It tried to use expert testimony, but that testimony was excluded. The SEC didn't try to rebut Johnny Deaton's affidavits from the XRP community. So why is the interlocutory appeal a huge strategic mistake for the SEC? Normally, a party appealing a final ruling has a chance to interpret the ruling in a way that is helpful to it, and the court that issued the ruling doesn't get a chance to explain or clarify. But now, whether Judge Torres certifies the interlocutory appeal or refuses to, she will have the chance to clarify her ruling. She will make it very clear that her decision was only that the SEC utterly failed to meet its burden of proof. One important thing non -lawyers might know but not always remember or appreciate is the general rule that no new evidence can be made on appeal, and no new legal arguments can be made on appeal either. The SEC is stuck with the record and will have scant evidence to point to on appeal about reasonable retail purchasers. What this means is that when the case does get to the Second Circuit on appeal, Second Circuit might even be inclined to agree with the SEC's underlying theory of the case, but it will be very clear that Judge Torres' ruling was based on the undisputed factual record, which shows a glaring lack of evidence from the SEC about the understanding of the retail investors it was supposed to care about, but always sought to minimize and found itself adverse to throughout the litigation. As the plaintiff the SEC loses on a tie, it has to show it was more likely than not that a reasonable retail XRP purchaser was aware of Ripple and relied on Ripple's efforts for profits or it loses. Deaton's affidavits by XRP holders to the contrary were answered by the SEC with nothing, and nothing is what the SEC is stuck with on appeal. Now I think the big interesting thing about this motion so far is the SEC effectively acknowledging that their enforcement strategy really hinges on being successful in this case, and that they need it to be decided in appellate court so that it can be binding precedent in other cases. It certainly validates those who have found this whole legal strategy of doing zero rulemaking to be super super high risk. Now speaking of the SEC, Gemini have filed their reply brief supporting effort to dismiss the lawsuit brought by the SEC. You'll remember that in January the SEC sued both Gemini and bankrupt crypto lender Genesis, arguing that their Gemini earned product was an unregistered securities offering. Gemini's filing took on a rather derisive tone, arguing that the SEC had failed to properly identify any violation of the law. Gemini stated that, quote, section five of the Securities Act is not hard to understand. The fact that the SEC cannot decide what is the security at issue only underscores the weakness of its position. Gemini argued that the court should not entertain the quote convoluted analysis presented by the SEC. Instead, they proposed a series of straightforward questions to determine whether the Gemini earned product qualifies as a security. These included, when was the alleged security sold? Who was the buyer? Who was the seller? What price was offered or charged? Gemini have consistently argued that their earned product was essentially structured as a loan and stated that therefore cannot possibly be deemed to be an investment contract and therefore a security. Now Jack Bauman, who's a founding partner at JFB legal, who is representing Gemini in the case, writes, the SEC is floundering. They can't even decide what the security is. On the one hand, they claim that the loan agreement was a security. On the other hand, they claim that the entire Gemini earned program was itself a security, an argument absurd on its face. Another absurdity is the SEC's efforts to identify a quote unquote sale. They never do and instead fall back on arguments like this. Gemini and Genesis did not in fact sell their promise to pay the interest in exchange for crypto assets. Not only is this factually wrong, it is ridiculous. A sale and a loan are different things. At some point, words must mean something. I've been litigating for 30 years. It doesn't bother me when private parties make ridiculous arguments. Judges swat them down. But it is something else entirely for the government to take outlandish positions. The truth is that the government gets the benefit of the doubt from most judges and its arguments will get more attention than they otherwise deserve. There is deference to how agencies interpret the statutes they administer. That is why it is so wrong for the SEC and other regulators to be quote pushing the envelope and trying to win cases no matter what. That is not their role and it harms the public and the market. They have a duty to everyone, including those they litigate against. The current crop of regulators in Washington has lost the plot. A great thread and I think many in this space will agree with Jack's assessment there. Now moving over to markets for a moment, Coinbase International recorded its largest day of volume ever on Friday. The newly established offshore derivatives venue saw $287 million in trading volume as crypto markets moved on from Thursday's flash crash. Trading commenced in mid -June with the exchange exclusively offering perpetual futures trading to clients. institutional For the first 50 days, volume was soft, struggling to register more than $100 million in daily trading volume. The past two weeks, however, have seen significantly more volume, with each workday seeing over $100 million in aggregate daily volume across all trading pairs. Now by way of comparison, Binance regularly sees over $15 billion in daily futures volume, so there's still a long way to go for the fledgling Coinbase platform. The offshore exchange was of course launched as part of Coinbase's recent push to accelerate global adoption of the asset class and expand the firm's business internationally. The decision to restrict the trading venue to institutional clients only was punctuated by the exchange only being accessible via API with no user interface offered. According to a recent letter to shareholders, Coinbase has onboarded 50 institutions to the new exchange. These clients have traded $5 .5 billion over the first seven weeks of trading. Coinbase said in the shareholder letter, quote, while we are in the early days of investing to build liquidity and grow institutional participation, we are also working to bring new features and additional products to market over the second half of the year, such as additional asset trading books and spot trading. We remain committed to partnering with high bar global regulators and are encouraging the U .S. to follow the progressive regulatory framework seen in emerging crypto hubs. With Coinbase successfully obtaining a license to offer futures products to U .S. customers last week, they no doubt have plans to further develop and integrate their futures offerings over the coming year. Now speaking of offshore, the days of privacy protected crypto trading appear to be numbered with another offshore exchange implementing KYC policy to conform with global regulatory guidelines. Seychelles -based crypto derivatives exchange BitGet will now require customers to provide government identification documents and complete facial recognition in order to trade. The firm says that the new KYC requirements were being put in place, quote, to better protect users' rights and interests, comply with regulatory requirements in the global cryptocurrency sector, and to create a secure cryptocurrency trading environment. The new KYC requirements will be enforced starting in September, and the move follows in the footsteps of OKX and KuCoin, who also both strengthened KYC policy over the past year to come in line with global regulatory expectations. Now speaking of expectations, SPF is apparently finding being locked up not to meet his expectations. Days after the judge revoked his bail, Sam's legal team has requested that he be released five days per week to work on his defense. In a letter sent to the judge on Friday, lawyers complained that Sam is unable to properly review the volumes of evidence recently disclosed by prosecutors. They wrote, Now, while locked up in the metropolitan detention center in Brooklyn, Sam is supposed to be given access to a laptop to review evidence in his case, but internet access is not allowed. This means that additional files need to be physically transported on hard disks by prosecutors, who claim it is not feasible to load all of Sam's documents onto a laptop. Prison authorities have already rejected a plan to move Sam to an upstate facility where he could have easier access to a laptop and the internet, and his lawyers are also arguing that without the ability to meet with his lawyers and use an internet -enabled laptop at the courthouse, the October 2nd trial date might need to be pushed back. Meanwhile, later on Friday, prosecutors claim that Sam has not yet turned over all of the required information to ground a defense, that he relied on legal advice in his conduct at FTX. Prosecutors argue that Sam should not be allowed to introduce this defense at trial unless he promptly turns over information about the contents of this advice and identifies who he received it from. Now, this news went over about as well as you would expect in the crypto sector, with Aiden tweeting, Dude, this isn't a camp. You don't get to choose what days you do and do not go to jail. And another account, Wills, saying, This makes a lot of sense. If I were in prison, I would also want to be released from prison. Anyways, guys, that is going to do it for today's episode. Like I said, a bit of a short one, but we are firmly in the dog days of summer. Now, it is crypto, so who knows what will be coming around the corner tomorrow. But in the meantime, I hope you're catching up on the news, catching up on some time with fam, and looking forward to another phase, which will inevitably be a lot more volatile than what we have right now. Thanks as always for listening, and until tomorrow, be safe and take care of each other.
A highlight from SBF Behind Bars: Why Revoked Bail Is a Big Deal for Cryptos Biggest Trial - Ep. 533
"In my experience, some defendants, some clients, when they're open in prison, they'll retain. They really want or are more interested in pleading. Hi everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full -time. This is the August 18th, 2023 episode of Unchained. Arbitrum's leading Layer 2 scaling solution offers you ultra -cheap and lightning -fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Today's episode is brought to you by Overtime Markets, your premier Web3 sportsbook. The innovative protocol is changing the game one match at a time. Powered by Thales, explore more at OvertimeMarkets .xyz. With the Crypto .com app, you can buy, trade, and spend crypto in one place. Download and get $25 with the code LAURA. Link in the description. If you've been enjoying Unchained and find the discussions here fascinating, mind -blowing, or as crypto tends to be, downright bonkers, please share this episode with a friend to keep the conversation going. Today's guest is Brian Klein, partner at Waymaker. Welcome, Brian. Thanks for including me and having me on the show, Laura. I'm a big fan, and I've listened to many of them. Excited to have you. Former FTX CEO Sam Bankman -Fried had his bail revoked, and he got sent back to jail last week. What appears to have tipped things over the edge was that he leaked parts of Caroline Ellison's diaries to the New York Times. And Judge Lewis Kaplan said when he revoked the bail that he believed SBF had likely intended to get two witnesses to back off and not cooperate as fully with the government, Caroline Ellison being one of them. Do you agree with the judge's decision on this, and do you agree that those were likely Sam's intentions? Well, I think the defense has said those weren't Sam's intentions, and obviously the government took a different view and the judge agreed with the government. Judges do take that very seriously. Usually a condition of release for any defendant is you not contact any of the other witnesses in the case, and that you'd not try to do things. And just a general precept of that is you not try to do anything that would intimidate them from coming forward and testifying, especially when they've been identified. And there you're referring to how we contacted the former general counsel via text message, kind of implying that you should try to be on the same team. Is that what you're referring to? Well, I think that can be one thing, contacting somebody directly. There may be reasons you would contact someone, though. For example, you may still have business dealings or other things. Sometimes you will clear that through your lawyer or even through the court and have a carve out. That wasn't done from what I know in this case. And as for the Karen Ellison situation, I mean, what's been reported is he had a meeting with a New York Times reporter at his house or his parents' house and provided his diary to the reporter. And the story came out and it was somewhat salacious. And I think the judge and the government felt that that was a way to try to get her to back off from wanting to testify, bullying truthfully at this trial. She is an expected witness, one of the government's key witnesses, from what we know. And I think there have been a number of other incidents that had gotten the court's attention about Sam when he's been out. And so I don't think people were surprised that he was detained. I think most people I've talked to were surprised he wasn't detained from the start. And so now that he's detained, though, that really does change a lot of the dynamics or preparation for trial. And it does make it much tougher on the defense to prepare for trial. And just a quick point. I think at the time of his extradition from the Bahamas, there was speculation that the reason he was released on bail was that he had made it a condition of his extradition. Do you think that theory holds water? Oh, yeah, it's very possible. A lot of times when a client is being extradited, if they agree to waive extradition, which is what happened here. So he stopped his fight in the Bahamas and said, I will come back. That often is something that the defense will try to negotiate with the government because it is important for a defense lawyer to have full access to their client and just having your client available to answer the phone, meet with you, respond to emails, look at all the discovery. It's just a thousand times easier when they're out and at a residence or somewhere that you can quickly do that with them. Now, Sam is in detention. He's in jail and he was much more limited access. So it's just a much harder preparation for trial, much harder for the defense to work with their client. And his side has appealed his detention. How likely do you think it is that they'll prevail? I don't think it's likely. I think it's a tough road for them. I understand why they would appeal and they filed it. We haven't seen the briefings yet, so maybe there are arguments I'm not aware of. Judge Kaplan is a very well respected member of the bench here in the Southern District of New York, a very seasoned judge. I haven't read the transcript of that hearing, but I'm sure he documented his reasons very well and is given a lot of discretion under the rules. So I think it's unlikely that it would be changed. Again, judges are given a lot of discretion in this area of the law. So walk me through now what it is like when the defendant's side is preparing for trial under conditions similar to what he had at his parents' home under bail versus what it will look like now that he's in Metropolitan Detention Center in Brooklyn. Sure. So when someone's out, I mean, they may be restricted in terms of where they can go otherwise, but they're always given access to their lawyers. That's one of the almost always a carve out is that they can go to meet with their lawyer. They can get on the phone with their lawyer. Usually you're given the ability to email with your lawyer, sometimes not hanging on the crime or the alleged crime. And so that depends, but it's just like anything else. You can pick up the phone and call your client and talk through an issue or you can invite your client in, or you can go meet with your client and look at documents together. And it's just, there's no set times or hours you can do that. Once someone's been detained, those facilities have lots of other people there. They have their rules about when you can come, they have lengths of stay, you can stay. In entry, you could probably show up in the morning and stay a long time, especially in the lead up to trial, but you're bringing documents in and out. Your client is now detained. Sometimes there is a lockdown at the facility. No one can get in or get out. Sometimes, you know, there's some other incident that makes it hard to see your client. And so it's just a much more restricted interaction and it makes things a lot more difficult. You can't just do things on the fly. You have to really sort of plan more ahead. Again, it's not impossible. Many people are detained and prepared for trial with their lawyers and it's affected, but it just is a hurdle that defense lawyers really don't like to have. They don't have to, of course. And you know, it affects the client, it affects the defendant. I mean, he is now getting, he had some, he was detained a little bit in the Bahamas for a short period of time. Now he's going to be detained leading up to trial. A lot of prosecutors view that as a favorable thing. A lot of times, I think it's sometimes more likely that the defendant will choose to plead guilty once they've been detained for a number of reasons. So it's just overall, it's an advantage to the government and a disadvantage to the defense when someone is detained. And just a quick question. Earlier when you said that the defense lawyers will have to bring documents in and out, do you mean that they can't just go over things on a laptop together, but they have to literally print out physical documents and bring those in? You can get permission to bring a laptop in. It has to be usually a laptop that just has those documents on them. And so it's just more cumbersome overall. And the client, the defendant can keep documents in their cell. They are usually given a box and it's marked attorney -client approach or something like that. It depends on the jail. So there is a way to do things. And for them to hold documents or view them on their own, it's just more cumbersome. You know, they can't just come to your office and go work in a conference room and have lots of boxes of documents around them and be shuffling through them and looking through them with you. You know, these rooms typically where you meet them are small, very small conference rooms, not comfortable. The lighting isn't great. You know, this is a jail, right? It's not designed for comfort or for ease of meetings. The jails take their mission seriously in my experience of giving the lawyers access. You get more access than just the, his parents will get to him. Again, it is a burden and it wouldn't surprise me. I'm not saying this will happen, but it wouldn't surprise me if the offense asks for continuance of the trial date based on this. It may be that Sam does not want a continuance because he's there and he wants to get the trial as soon as possible, but the additional burden may mean there is a request for a continuance. Which means a delay in the start date of the trial? Yes, possible. This will lead to a request for that. The signs do not point to that right now, to be clear, but that is possible. And you also said that in this type of situation, the defendant is more likely to plead guilty. What do you think the odds are of that? Sometimes the defendant is more likely to plead guilty. But yes, I think, I think in this case, the odds are not high. I mean, this case has been litigated for months now. The charges are serious and extensive. There's been no indication that there are plea discussions. Every side has been filing motions, doing the things you would do as if you're really preparing for trial, not engaging in plea discussions. I'm confident just because I know how the process works. In any case, there is at least some back and forth about the possibility of a plea, whether the defense asks about it or the government just says, hey, if your guy's interested, here's what it would look like. So that probably happened at some point. But whether there's ongoing discussions, I don't know. It's just in my experience, some defendants, some clients, when they're open in prison, they're written tain. They really want or are more interested in pleading. Part of that is because the jails typically are much, you're in a mixed population with lots of other defendants, both people accused of violent crimes and nonviolent crimes. Whereas if you're a white -collar defendant and you plead guilty, oftentimes you'll get sent to a camp, which is a much more humane facility, much more comfortable, not saying it's comfortable, but more comfortable. And you're usually only in with non -violently accused defendants. So you're not with like violent drug dealers, for example, or if you're at a camp, typically. So your fellow prisoners are more like you if you're a white -collar defendant. And so usually people, when they're out, they're not dealing with that sort of situation. Sam was at his parents' home, which is presumably a comfortable, nice house in the Bay Area. Now he's sharing a prison cell or maybe by himself because he's a high -profile defendant, but he's in an uncomfortable prison cell. In a moment, we're going to talk about why it is that Sam didn't just plead guilty. But first, a quick word from the sponsors who make this show possible. Overtime Markets is your premier Web3 sportsbook. Overtime is an industry -leading Web3 protocol where users can immerse themselves in the thrilling world of sports. Leveraging the benefits of decentralization and blockchain technology, Overtime leads the charge in innovation, all the while offering fans juicy token rewards for sports events. Overtime supports over 40 leagues and utilizes advanced smart contracts to ensure a seamless user experience. Discover the future of sports trading at OvertimeMarkets .xyz. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning -fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own tailor -made Layer 3, or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Back to my conversation with Brian. Sam is facing a trial in which three of his co -conspirators have already pleaded guilty. And as you mentioned, there are, like, numerous reasons why somebody in his position might do that. But why do you think he hasn't? You know, I'd be guessing like anybody, of course. I think there's a number of factors probably at play. One is, I suspect that the prosecutors, to the extent they offered a plea offering, they're not required to, to be clear. There's no obligation to engage in plea discussions. There's no legal requirement that there be a plea offered. Sam could always walk in any day and plead guilty to any of the charges. He's obviously pled not guilty. But if the prosecutors have made an offer, and I suspect they have, it's probably for extensive prison time. I would guess 25, 30 years or more, you know, they're seeking if he's going to plead based on the allegations of the loss here, which are, you know, billions in the scope of the number of victims, alleged victims and everything. So, victims alleging the indictment. I suspect for whatever reason, you know, based on his own counsel with his lawyers and probably with his parents, he is not willing to consider that at this time. Now, again, his mind could change at any point, and he may ultimately choose to plead. But I think the moment for him to plead and get the most credit for it was early on, at that point, he could have pleaded. He could have cooperated in a sense with the receiver and done lots of things like, they would love to pick his brain and figure out what happened here and what all these accounts mean and everything, right? You can imagine, right? And so, the three who did, we understand are cooperating and they will get credit for that. Presumably, we have a judge who will sentence them, but he's chosen not to. So, you know, I guess if you watch his media interviews, they'll lead up to the charges. I don't think it's that surprising that he hasn't chosen to plead, because the way he talked about what happened, the way he's presented himself publicly, both before his arrest and since his arrest, does not give any indication that this person is someone who is inclined to plead guilty. Both sides filed motions in limine on Monday. Can you explain what that means and then also give an overview of what each side said? Sure. So, there's really two sets of motions typically in federal court in a criminal case. One set of motions is early on in the case where a defense might move to dismiss a case or suppress evidence. Call those substantive motions in a sense, and that happened here, right? The defense moved to dismiss the charges, the judge denied it. And that's over. Now, you're at the next phase of the case where you're getting ready for trial. In a trial, there's obviously a lot of things happening. Witnesses get up to testify, exhibits are being put into evidence. And so, both sides have sort of started to think about the trial, what it would look like, and they are telling the judge through their motions, hey, the other side shouldn't be allowed to make these arguments or introduce this evidence, or we want to make these arguments and introduce this evidence and you should let us do that. And they were looking at the rules of evidence typically, which govern that. And so, judges want this, they want these issues fleshed out before the trial started so that they get a sense of what the issues are and if possible, they rule on them because it allows a trial to proceed in the orderly of fashion as possible. And the way I think about it is like, if you look at a trial, it's not a perfect analogy, but it's like a play or a show, right? You want to know like kind of the framework of like, okay, how many characters are there and what are the props, right? And that's kind of what this is. Who can get up on stage and talk and what props can they use? And you want to know that before you start to play. You don't want it free for all when the play starts where everyone's just grabbing props in the back, trying to put them on the stage. And the stage manager, in this case, the judge, or the director, will be like, no, that shouldn't be out there. So, not the best analogy, but I think that sort of is what's happening here. One thing to keep in mind is judges often reserve rules. So, it's very often that you'll file motions and eliminate, and the judge will, with all of them or most of them, say, okay, I hear your issue, but let's see what happens at trial. Like, let's see if that really happens. Let's see what the government says, or let's see what the defense really does. Like, we need to see it play out a little bit. It's premature. That's a very common judge response to motions in the way. Now, some issues they will want to decide in advance. There might be some exhibits or some witnesses that are so provocative or incendiary that if even just allow it to come into play, would just, you know, cause a lot of problems later if they, if the prosecutor, like, mentioned it in their opening argument and said, we're going to introduce this evidence. And then later the judge excluded it. That could be a real issue, both for the government, maybe for the jury, and creating an appellate issue. So, judges do want to see this. They filed, both sides filed extensive motions, not surprisingly in this case. It's a broad case with a lot of evidence. So, both sides have filed those. They filed those earlier this week, the same day the latest indictment was filed. And the judge will then, with his clerks, review those motions, usually set up a hearing date and make decisions. I suspect some will be deferred, some will be decided on. Some of the ones that I noticed the government said were, hey, these are based on charges that have been removed from this particular trial, but we want to submit these types of evidence that are related to those anyway. They were around, like, political donations, straw donors, like foreign bribery. Do you think that will be allowed? I think it depends. I think that was one the judge made punt on a little bit. So, I think what the government did because of what happened in the Bahamas is we know they removed some of the charges, right? They dropped some of them. But now, in their latest indictment, they've angled with like, well, part of the motive or the reason he did this is so they have this money so he can do these things. So, motive in why someone committed, why you think someone committed a crime, is you're allowed to put into evidences across here, right? You needed the money to finance your high lifestyle. You need the money for whatever reason, or you need it to do this for whatever. So, motive is always permitted to come into play. The scope of how much motive you can get into and how much you can tie it back to the actual alleged offenses is in question here. I suspect the judge will let that be. He may limit it. He doesn't want what we call a trial within a trial, right? So, he's one of the trial to focus on the charged counts, not on counts that aren't charged. But typically, putting in motive is allowed, and I suspect he will permit that to come up. Maybe not to the full extent the government wants, but to some extent. And SBS lawyers also submitted their side, and they said that the prosecutors had repeatedly failed to meet the deadlines for turning over evidence to the defense. And as an example, they said that three days prior, the prosecutors had produced nearly 750 ,000 pages of Slack messages from Gary Wang's laptop and basically requested that the government not be allowed to use evidence produced to the defense after July 1st. What do you think is the likelihood that those requests will be granted? I don't think they'll be granted. That's a hard one for the judge to grant. There's two reasons why that. One is the judge could say, if you need more time, I'll give you more time for the trial, right? Okay, so there's an October date that you wanted, but you know what? We can pick a different date later on and give you more time. So, that's a typical response to that kind of thing. Again, if the government produced it like the day before trial or the night before trial or specific order on a specific date that wasn't meant, the judge might be more harsh on that. But we're talking about July and an October trial date. I don't think the judge will grant that motion. I think that's a defense preserving in the appellate issue or maybe keeping its options open for asking for continuance, which they probably are keeping in mind more than ever now that SAM has been detained pretrial. And so, I can understand why they might file that motion. I can see the strategic reasons to do it, but I think it's unlikely that the judge will grant that motion. And so, what can we expect these next several weeks before the case goes to trial? And what are you watching out for, whether it be something before the trial or at the start of the trial? Both sides are going to be working furiously. I mean, this is the go time for the trial. I mean, the government is going to be focused on getting its exhibits in order, meeting with its witnesses and preparing them to testify. Because remember, the government, the burden is on them. They go first. The defense doesn't have to call anybody. So, they're going to be meeting with their witnesses and they're going to have a number of witnesses. They're going to be going through the exhibits and there's a lot of documents to go through. They're going to be calling out what they think are the key documents. They're going to be coming up with a framework for their case in terms of the order of the witnesses. They're going to call and how. They're going to be preparing their opening statement. And they're going to even probably start thinking pretty soon about the closing statement. Because even though you think like, well, you wait to start your close until the trial is almost over, in this kind of case, you're going to need to start thinking about how it all fits together, like the entire play right now, right? So, if you go back to my analogy, you can't just think about the first act and second act and forget about the third act. So, I think they're very busy doing all that. They're probably still looking through and discovering things too. Doesn't mean they won't supersede the indictment again or maybe change a little bit like their focus, right? They're still learning about their case. This case has moved on very quickly for a big case, a multi -billion dollar alleged fraud here. You know, this has moved on very quickly. The defense is also equally busy. So, I'm sure they are doing this and I'm sure they do feel jammed up with getting stuff at the end. They're looking through all these documents too, all this data. They're working with their witnesses. They might have some witnesses they want to call. Both sides will likely call experts. In this case, I'm sure the government will call many experts, at least one or two. The defense may have some rebuttal experts or experts they want to call. Those experts, I think in this case, would focus on how cryptocurrency works, how blockchains work, and how maybe some of the financial mechanisms work here because they are complex. You need someone to distill it down and explain it to analyze the financial records. The defense is probably doing that too. In addition, you know, they're meeting with their client. They're coming up with their theory. They're doing their own investigation. They may be interviewing their own witnesses. So, both sides, I mean, it's a ways off October, but it's kind of a sprint at this point. I wouldn't be surprised if they're working pretty close to seven -day weeks right now and lead up to October. Because the last, you know, for every week of trial, let's say, you usually need at least two weeks of prep. And so, that's how you have to backload. This, you know, multi -week trial, they're going to be prepping starting many, many weeks more in advance. And if you were to guess how many weeks the trial will take, how long would you expect it to last? Based on the more slimmed -down indictment, I would say several weeks. Definitely, obviously, more than a week. It will take a while to select a jury here. You know, this is a complex case in the sense of, you know, it's sprawling. And I would expect several weeks. A lot is going to hinge on whether Sam testifies, because if he testifies, that's going to be probably several days, two, and they might have their own experts. So, it wouldn't surprise me if this trial was, you know, two to three weeks. I don't know what the estimates they've given now. They might have to give some new estimates based on the new indictment. That's something the judge will be keen to know, because when they call the jury, and they're going to have a large jury pool here, they'll probably do a questionnaire. They're going to need to know the people are available for those periods of times. Most cases don't last weeks elites, right? And on this high profile, this is, you know, setting aside the Trump case, which is consuming all the oxygen in the room. This is one of the most high profile criminal trials happening. Yeah, well, I guess we'll have to see how it all goes down. Thank you so much, Brian, for explaining it all on Unchained.
A highlight from SBF's Election FRAUD (Dark Donations EXPOSED!)
"We are, uh, here in the Bahamas, we are going to make it right. If you became a millionaire, would you keep working? The commander is here. What's going on right now? California's trying to figure out this thing. Don't think I got a pop in my butt. Yeah. Oh, I can. Welcome to BitBoy Crypto! Home of the BitSquad, the largest and greatest crypto community in all of the Interwebs. I just propelled from the ceiling, folks. I actually jumped off the monkey's shoulders there. Today is August 15th. It's the middle of the month. Wake up, wake up. It's the middle of the month. It is 11 .32 a .m. because we meant to start at that time. How are you doing today? We have on the boards today. Ah, it's me. Drew, we got the truth back. Where's Tim? Tim, I think they're offside at like some manager meeting or something like that. Probably at Applebee's, you know? Okay, yeah, I'm just the talking face, man. I'm just the talking face in the white hoodie. How are we all doing? Davenport's in the house. Alexandra G Studio, 388 Manawak, John Redman, Jay, Arth Vader, great name right there. We also got some junkies in the house. How are we all doing? Ben is in Dubai. We might cover that a little bit on X minute, but I think it's just time for us to get right into MarketWatch. How are we all doing? Crypto is doing okay. It looks like it ballooned a little bit early this morning. If we hit refresh, we're now down 0 .2. Okay, so we flipped into the negative here. 24 -hour volume. Still pretty low coming in at 31 billion. Bitcoin dominance unchanged at 46 .9. Gas might actually be unchanged at 31 Gwei. I think it might have been 31 yesterday if not really, really close. Alright, Bitcoin is now down 0 .5 % along with Ethereum. Let's see, we have BNB down 0 .6%. Nothing's really moving. If we go to finally find something in the single digits, it's Doge. Doge is down a little bit. Polygon is down 2 .2. And then we have our first real gainer of the day. That's TonCoin. TonCoin now up to 16 in coin market cap. I don't recall it being that high that long ago, so they're now up 4 .6%. Keep scrolling. Chainlink peeled back a lot of the gains there, so maybe I could be able to get some cheap Chainlink again. Let's see, we go to the top gainers. Hedera still gaining, still making moves. I think yesterday at this time, it was up 16%. Now, it is up 11%. So really like seeing that pump right there. Flexcoin up 10%. Radix up 6 .8%. And ThorChain, look at that. Weekly folks up 51%. RollBit up 3 .5%. But look at that. Weekly folks up 6 .5 % or 65%. So RollBit having some pretty good gains. Have you been getting any of these major movers lately? I was lucky enough to be in RollBit for months. I saw one person he posted. His last two trades was RollBit and ThorChain. What about you? Any of these major movers? Okay. It says Mike muted. Is your mic muted? Are they trolling you? Oh, no, it was muted. Oh, man. Guys, he just gave you the secret to the universe and gave you KFC's 11 herbs and spices. Secret stuff. But yeah, XDC was the last bump I had, and then I didn't get back in HBAR after its 8 -cent hump that it had previous to what it's got going on right now. Watching HBAR to get back into it, but then also seeing CASPA pull back a little bit. So I'm watching CASPA looking for my entry point. Well, speaking of CASPA, the number one coin in the top 100 that lost value today actually was CASPA. CASPA is down 8 .8%. Pepe is down 6 .3 % and Injective is down 4 .2%. Chainlink down 3 .7%. I was joking about buying some more Chainlink. Guys, I don't have any CASPA. I have zero CASPA. It is now down 20 % for the week. It's now below 4 cents. I said, you know, I like that little support at that, I think it was 3 .9, and now we maybe even potentially going below that. Yeah, it was the high here. So we're below the high here. We're below the high here. Does that mean we have another leg to go down? I'm not going to wait for 2 cents. I might go ahead and start scaling it now now that we're in the 3's there. Let's see. We hit max. It got as high. Yeah, that was just the recent relative high there. How high do you think it can go? There's no price memory. So there's no 2021 level to look at. I mean, I think CASPA is going to be a major mover in this next bull run. I think that DAGs, Constellation DAG and CASPA are going to have their own little narrative driven, you know, season in the market. It's nothing that, you know, I'm necessarily getting married to, like Metagraphs or taking over blockchain or anything like that. You know, a lot of people in this, in the DAG space think that way. I think it's just going to have a good moment of notice and notoriety in the bull run. And all you need is your time to shine and the lights to be on in an actual speculative bull run to really have good moves. So that's why I'm watching that one. Yeah. And we're still a ways away, folks. You know, we could still be two years from the high. We could be two years and two months from the high. I don't think it'd be much higher than 26 months. But guys, we still got a long road ahead of us before we have this blow off topper. Maybe not blow off top, but the top. All right. Well, speaking of... Not going to do that segue. Not going to do that segue. Oh. Let's talk about SBF. Let's get into the main story here. I'm glad I didn't do that segue. U .S. Grand Jury files new seven -count charges against Sam Bankman -Fried, files new seven -count charges. This is a little odd way of saying it, but seven new counts have just been filed against Sammy Boy here. Of course, bail was revoked last week after he leaked private conversations of Caroline Ellison. Also, you know, used the VPN. Judge did not like those actions. Well, the Grand Jury filed a superseding indictment against Sam Bankman -Fried, the founder of FTX. Among the indictment was that he covered, he cornered over $100 million in customer funds for political reasons. Another way of saying that is he used customers' funds to bribe politicians. Sorry, not bribe, to donate, to donate to politicians. It's not bribing, folks. It is not bribing. The Grand Jury argued that SBF knowingly used FTX's investors and customers' funds to enrich himself. It also claimed he sponsored campaign contributions to U .S. political parties to seek to influence cryptocurrency regulation. Now we have the U .S. Criminal Division is charging him with conspiring to commit wired fraud. Notably, the seven -count charge comes after the U .S. court revoked his bail, sending him to jail last week. His bail was revoked after he leaked the diary of Caroline Ellison with the New York Times. Meanwhile, his lawyer has contested the court decision. We looked into that jail. MDC Brooklyn, not a good jail. It is not a good jail where he is at. There's lots of allegations of bugs in the food, plastic in the food, feces everywhere. Just not a great jail that you want to be at. Owen, you don't want to end up there. Is that not the effect of altruism he was looking for? No, no. Wrong kind of cucumber. I mean, he's learning about liquidity pools. There's so many jokes we could say, but let's not go there. Sam Bankman -Fried's dark donations to the GOP came back to haunt him. He was accused of funneling $100 million towards political donations. They said they mostly hid the Republican donations there, but he was charged with seven counts there. He was accused of funneling $100 million towards political donations in the 2022 election cycle. Guys, and that's just the midterm elections. Can you imagine if that was a presidential election? I'm not saying it's a two -to -one, but they probably would have spent more money. Yeah, well, SBF was only outdone by Soros in the presidential election in 2020. It's something that I've been looking at for this entire three years. We're almost into the next election cycle, and this is just now being looked at. That's probably the most aggravating thing. And then the cut of GOP to Dem, of course, he did donate to both sides, but it's very, very weighted towards the blue side where his donations went to, I above 90%. think that number may have been changed a little bit. We're going to see some more details here. Let's get into it. I want to find out more. The indictment said he failed to disclose to the FEC that his donations came from customer deposits via Alameda. He did this by directing Gary Wang to alter FTX's code, which gave Alameda improper access to customer deposits. The court finally read, over time, he directed that Alameda's credit limit be raised so high that in practice, they were permitted to draw on FTX accounts funded by customer assets on an unlimited basis. He was also one of the GOP's largest donators there. Yeah, this is the number I was looking for. Among various donations, he gave $27 million to Protect Our Future PAC, a group advocating for pandemic preparedness. This was 95 % of the $28 million raised by that group, which spent $24 million on Dem House candidates. Other executives made donations in their own names. Ryan Solomay donated, here's the number, Drew, $24 .5 million to Republican candidates through the WinRed platform. So while 90 % might be or 95 % might be SPF's number, when you look at FTX, all their employees, it's a little bit more nuanced than that. But it's still leaning Democrat, but I think roughly around close to a quarter, close to a quarter has gone to Republicans as well. But I found it interesting that he didn't use his own name to donate to Republicans. He used someone else and he hid the salami there. I guess he didn't want to piss off his parents' friends. I was talking about this in the Morning Stream ATB. His parents were California university professors at an elite school hanging out in Palo Alto. How many of those people at their wine and cheese party have a MAGA hat on? Probably not that many. They have appearances to keep up here. Do you own DWAC stock, Truth Social Growing Fast? I did learn that the VEC was a principal investor in rumble. Is he currently still in on rumble? He was basically one of the big funders in the beginning. Rumble's an interesting thing to watch because it's really gaining what seems to be steam. Ahead of this next election cycle, a lot of people have looked for alternative places and platforms other than YouTube. Obviously, YouTube is still the most powerful, but it's seeming to grab a small portion of viewers and its interface is becoming more usable, so it'll be interesting to see if it actually has a play. Who's one of the main people on there? Russell Brand. Shout out to Russell Brand and a shout out to anybody who smokes Jeffries. All right, back to FTX here. FTX exec Salome depleted the fifth about campaign finance schemes. This is a persuasion technique. Campaign finance violation schemes is kind of setting the table before we get there. He plans not to testify at the criminal trial regarding the illegal campaign donations. He said he'll be unavailable to testify as a witness. He's unavailable, the filing states. His attorney has represented that if subpoenaed, he would invoke his Fifth Amendment right against self -incrimination. According to prosecutors, he told a family member in November of 21, which is the month of Bitcoin's high, that Bankman wanted to weed out anti -crypto lawmakers through political donations and that Salome himself would help to distribute. Salome, he's the right hand. Then Bankman, he was the left hand. He's going to go to prison and never mind there. All right, well, what are your thoughts on... Now it's coming out that Republicans got some money too. I mean, I don't think it really changes the narrative. I mean, sure, he's cozy with politicians on the left. I think he's just cozy with regulators and is trying to create a moat. And those who don't know what a moat is, once you're a tech company or any kind of company, say a billion dollars in revenue, you can then make a moat in your industry where if anyone tries to compete against you, they would need billions of dollars and you effectively create a moat from new competition. A good example is, is it the FDA that does drug approval? It's my understanding it can take 10 years and over a billion dollars to launch a drug. So what does that do? It creates a moat for the handful of pharmaceutical companies. And I think we're seeing the same thing here. FTX, he wanted to create a moat and be the only American crypto provider.
A highlight from THE HASH: Bernie Madoff's Former Attorney Reacts to Sam Bankman-Fried Being Sent to Jail; Trump's Crypto Bags
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, Web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hey there. Happy Monday and welcome to Coindesk TV. You are watching the hash. I am Zach Seward. We have Jen Sonasi, Will Foxley and Wendy Oh. We are going to get you up to speed on all that's going on in the world of crypto. You guys ready for this thing? Let's do it. I'm starting off the first story of the day. Friday, Sam Bankman Fried got his bail revoked and was shown to a jail cell. We are joined now by a special guest to help us unpack the latest development and its significance. Joining us is Ira Lee Sorkin. He's the former attorney for Bernie Madoff and a current partner at Mintz and Gold. Ira, how are you today? Thank you. So first of all, I just want a high level, informed perspective on this SPF thing. You've seen some major cases play out in your day. Is there anything that is especially striking or notable about the SPF case here and now? What are your high level thoughts? High level thoughts, immediate interest. Next question. All right. Let's do it. All right. Next up. Next up, immediate interest. All right. So he's in jail now. He's waiting for his October court date behind bars. You gave a similarly concise comment to CoinDesk back in December saying that Sam Bankman Fried should quote, just shut up already. Sorry, I paraphrased you, but basically it was shut up. Those were the two words of advice that you provided to Sam Bankman Fried. I don't think he took that because the judge said he was really pushing the envelope with his communications with various witnesses. Is that still the piece of advice that you would share to Sam Bankman Fried if you were his counsel now? I mean, there's no need for him once he was made bail for him to discuss the case, to share his thoughts about the case with any party other than his counsel. And quite frankly, the amount of documents, and I say this with the understanding that Vincent Gold does not represent anyone in this case. We certainly don't represent Mr. Bankman Fried. We don't represent any witnesses. We are not involved in the case, but the standard conduct that every defendant who makes bail is told, do not discuss the case. Don't discuss it with any potential witnesses. Don't discuss it certainly with the press. The only person you should talk to is your counsel. And there are ways to deal with other witnesses in the case, such as through counsel and a process called a joint defense agreement where the lawyers can talk to one another pursuant to an agreement, and it protects the attorney -client privilege, and it gives the opportunity for all counsel in the case, whether they are defendants or unindicted co -conspirators or conspirators, to be able to share information amongst the lawyers without their clients being present. So those are the general rules. There's nothing unusual about this particular case. When Sam Blankman Fried made bail, he was specifically instructed not to discuss it with anyone, discuss the case with anyone. Don't discuss it with any potential witnesses. Don't share what you are given in the way of the mandatory discovery that the government's required to give to all defendants. And, of course, we have another situation going on in Washington, D .C., and in the Southern District or the Middle District of Florida, I think it's the Southern District of Florida, where a rather prominent individual was given the same instruction by the judge. It's standard, and that's the way it's done. If you violate the bail conditions, which Mr. Blankman Fried violated according to the judge, then he faces the consequences and the consequences are jail. My understanding is that he's going to appeal it. He's got a very good lawyer representing him, and they're going to appeal it. But the chances of him getting out pending the trial, I think, are very slim. These are decisions made by the district court judge, who happens to be a judge of many years and he's very well respected, very smart. And the Court of Appeals is not going to question, I believe, his decision because he knows the record and he knows what the bail conditions are. Thanks again for joining us this morning. I wanted to ask about the significance of being able to prepare for what's coming in October while in jail. How difficult is it? How difficult is it to talk with your lawyer or with your client during that period? Is this a huge disadvantage now going into October? It is a huge disadvantage because there are, from what I've read and heard, there are innumerable documents, many, many, many, many, perhaps millions of documents that the government is required to turn over to Mr. Blankman Fried's counsel. And having had clients who are incarcerated and not being able to make bail, it is very difficult in a paper case such as this to prepare for trial. The facilities at the Metropolitan NBC Brooklyn Center, where he's being held, very, very difficult to prepare. But this is something that I have no doubt his lawyers spoke to him about and I'm just speculating and said, if you stay out, it'll be much easier to prepare for trial. If you're incarcerated, it's very difficult. The facilities are bad. There is privacy, but to load in all the documents and all the information that the government is required to turn over to his lawyers is going to make it very difficult for him to prepare. But it's done. There are a number of people who don't make bail, but it's done. It just makes it a lot more difficult to prepare. I want to talk about these diary entries. They feel like the straw that broke the camel's back here. Sam Bankman Fried's attorneys say that he wasn't trying to tamper with witnesses, that they confirmed he did leak a few pages of the diary to The New York Times. Could this come back? Could it be brought up again once this does go to trail in October? And how might it affect his case? It won't affect it at all. The fact that he disclosed information to The Times or to any media. Let's make it general media. It's not going to affect the trial at all. It affected his bail, obviously, but it's not going to affect the trial. What he turned over, we don't know. I don't know whether The Times has published it or intends to publish it, but there are First Amendment and some freedom of press issues involved in that. And I'm old enough to remember the Pentagon Papers case and Daniel Ellsberg. And that didn't stop the disclosure of information that came to the press. But it didn't affect the trial and it won't affect the trial here either. I have a question for you. Myself and a lot of other people are speculating that Sam will be given special treatment because he comes from a family with a lot of influence and money. Do you think that that is something that we will see play out that he will be segregated away from the other inmates and he will receive special treatment while incarcerated? The short answer is no. He may be segregated. Often defendants who have some notoriety are separated. But the short answer is no. I don't believe he's going to get any special treatment in jail. Jail is not a very nice place, particularly the Metropolitan Correctional Center in Manhattan, which is closed, and the Brooklyn Correctional Center, which is open. And he will not be given any special privileges. And certainly the facilities do not consider the success or wealth of the family or those who put out the help.
Monitor Show 12:00 08-14-2023 12:00
"Potentially, right? Yeah, he could potentially be moved to Putnam County Correctional Facility in upstate New York. But any way you slice it, Sam Bankman freed in a federal jail in Brooklyn. That's not probably what he was looking for here in the interim. But again, if you potentially try to tamper with witnesses, that's potentially what you get there. So we'll keep up on that story. That is front and center in the world of crypto. This is Bloomberg. I'm concerned out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, busy, busy, busy. We're going to start off with a look in Hawaii. We're going to look at it from the perspective of insurance. What could the insurance losses be here as the insurance industry starts to take a look there? Matt Palazzola, he's a senior insurance analyst for Bloomberg Intelligence. He'll join us on that. Plus, Clara Ballantine, personal finance reporter with Bloomberg News, joins to discuss her big take story, simply entitled Are You Rich? And there's a lot of good reporting in there. And then for Matt, we're going to talk to the former Tesla chief investment officer. He's now the founder and CEO of Techion, which is a tech company that provides car dealerships.
Monitor Show 06:00 08-11-2023 06:00
"Better results. For the practice of law, the business of law, the future of law, visit BloombergLaw .com. S &P futures are now down a tenth of one percent, Dow futures little change, Nasdaq futures a decline of three -tenths of one percent. Heading into this Friday morning of trading. Up next we'll get the latest on the wildfires in Hawaii and President Biden calling China's economy a ticking time bomb. It's coming up in our 6 a .m. news. Hour two of Bloomberg Daybreak starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Broker Studios, this is Bloomberg Daybreak for Friday, August 11th. Coming up today, the death toll rises in those devastating wildfires in Hawaii. U .S.-China tensions on the rise following the latest comments from President Biden. The UK economy has its strongest quarterly growth in more than a year. And UBS surges after it ends a deal with the Swiss government. A teen charge in the murder of a black gay dancer in Brooklyn now faces eight prime charges. Plus, control of Rikers Island is front and center before a judge. Unlike LeBar, more ahead. I'm John Stasch, Aaron Swartz. The Yankees are in Miami tonight. The Mets host Atlanta. The Giants make their all straight ahead on Bloomberg Daybreak. On Bloomberg, 1130 New York. Bloomberg, 99 .1 Washington, D .C. Bloomberg, 106 .1 Boston. Bloomberg, 960 San Francisco. Sirius XM 119 and around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Good morning, I'm Nathan Hager. I'm Amy Morris. U .S. futures are little changed this morning. We check the markets all day long.
"brooklyn" Discussed on Stuff You Should Know
"So we're back chuck and I was essentially right. Oh, well, how much was it? So I said 10 million, right? You said 10 million. It turns out it's it looks like it's about 50 million. No. No, I'm sorry. Let's see, one, two, three. One, two, three. No, it's 5 minutes. 5 million. Okay. That's a jeez. He really took somebody then. Yeah, losing $5 million buying the Brooklyn Bridge because again, like you're an immigrant, you're not really kind of hip to how things work here yet. Imagine going to the cops and them being like you're joking. Like you just gave somebody $5 million to buy the Brooklyn Bridge. Like they had to hurt like just add insult to injury. Yeah, and you know there was some wife in that decision that was going you idiot that's every penny we have and some husband going, it'll be worth it. I also just bought some magic beans. Right. Here's one thing that's pretty interesting. Is this became so common? Because it wasn't just George Parker doing this. There's one story that we couldn't quite get to the bottom of that there was someone named William mccloud Y AKA IOU O'Brien who did this, but then other people have said, no, that was actually an alias of Parker, but there were definitely people this was not the most common thing, but it was a grift that other people did to the extent that eventually on Ellis island, they had signage up in pamphlets that said, these things are not for sale. Welcome to America, do not try and buy the Statue of Liberty. Yeah, the thing I've seen bandied about is you can't buy public buildings or streets. And I was like, is that true? And I looked it up and I don't know if it's true, chuck. Well, what do you mean? Which one? Public buildings or streets? That they handed out pamphlets that said that on Ellis island. You don't think it's true? Don't you think that somebody would have saved that pamphlet and there'd be an image of it on the Internet somewhere? I don't know. That's your reasoning. That's part of it. It's also appears in one book and one New York Times article in The New York Times article prints it from a quote from somebody else who also wrote a book about it. But they're the paper of record. Yeah, but I mean, the failing New York Times. It's also Friday at 5 The New York Times sometimes. All right, well, who knows? It makes for a good story though. It is a good story, but aren't those the most fun to just deflate? Sure. I know that it did get harder to sell these public buildings. I think they were trying to do that up through the 1920s, but people became a little more wise to this thing over the years. Even though Parker, I believe in his day sold the Statue of Liberty, Madison Square Garden, grant's tomb, and the Met. Not bad. No. Imagine buying the Met too. You get all the art inside too. You're not going to move the art? No. Arts included. Wow, what a deal. Oh no, what I would have said is, no, no, you don't own the art, but you can get a lot of money for charging for the art to be there. That's true. What happened to him though? He got caught, right? Yeah, he finally did and apparently there was a four strikes in your out law in New York at the time called the bombs laws. And they said that if you were convicted of a fourth felony, the judge had no choice but to give you life in prison. And that's what happened to mister Parker. He passed a $150 check that bounced. Supposedly the olean evening times said that it bounced back with startling elasticity. It was just hilarious. And he served the rest of his life in prison as a result. After all of those grips and scams, he got life in jail for a $150 bounce check. You know, there were four strikes in baseball at the time so that all makes sense. Okay. Now it makes sense. I'm just kidding. Wait a minute. Is that true? No. Wouldn't that be funny? If that's how the judicial system worked, like, well, what's a baseball doing? Right. What's baseball? I have to say about this. Is it three strikes or four? That's what we'll do. Yeah, you can steal first, I guess. Oh wait, you couldn't still feel oh wow. I think this one ended in just the best way possible. I think it ended about 30 seconds too late. A short stuff is out, everybody. Stuff you should know is a production of iHeartRadio. For more podcasts, my heart radio, visit the iHeartRadio app. Apple podcasts, or wherever you listen to your favorite shows.
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"But I just feel like there was another option out there. You know, it's a really help these guys to help guys like Kyrie and Durant. You're surrounded with shooters. And I just didn't see the sense in bringing someone like Ben Simmons. I get if you're talking about the student that we saw last year, but we don't know if that guy still exists as a player. We really don't. And I don't think it's beyond health at this point, or at least a physical. You know, I think it's a mental thing. And I just didn't see putting him in the mix of a team like the Brooklyn Nets, next to Duran and Kyrie, where, of course, yeah, they don't need him to score necessarily like they would have expected from James Harden, but if he's not all the way there, mentally. He's been a really tough spot in trying to catch up. I just didn't see that happening. You know, this season. Well, I mean, again, going back to James Harden. And he was going to leave and you were going to get nothing if you're broken. Right. And the worst case scenario, which is what you have now is that you get Ben Simmons, who is essentially going to help you next year. Not this year. I agree with you in the Sacramento stuff. I just thought when Sacramento made it clear that they were in business to break off parts of that team. That's the team I was going for. Halliburton is the guy. That I would have absolutely tried that. I was on that train. You put him on this team and I don't think this is a .30 series. It could easily be easily two one or three O the other way. I think he's that good, that impactful. But again, they did what too many teams, I think, tend to do, and that's they go for star power as opposed to substance. And the price for that. Kudos to the south because the Celtics have a better team. It's not even close. I mean, even without the three zero standing. Boston from top to bottom is a better team. And that's why Stephen actually even makes the game for I hope so. I hope so. I really hope I really hope he's around for game four. I really want him to be there for you. They should fire dash and let Kyrie coach and start Ben in game four. Well, it was saving some money 'cause Kyrie's coaching the team now anyway, so it doesn't even really matter. That's true. Multiple moments in this game where Steve Nash is trying to call something and kind of he's like, no, I'm good. Thanks so much. We're not doing. We're not doing that. Yeah. And that's just like, oh, okay. All right, cool. Knows that he's there because of Kyrie. I mean, it's just a bad situation for Nash. But the thing I point to Steven asks is, he screwed up when all those games that Kyrie missed were opportunities for him to establish his coaching style. Him to implement whatever it is that his imprint on the game would be..
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"I'm all set. I'm out of here. He's the real. You're really not getting vax. All right. But I'll give him the facts. That's what he said. He's moved the goalposts like a hundred times. We don't need a coach. We're being out coached, okay? We're a veteran team here, and we just manage ourselves. We can do whatever, where we've got a lot of new players. Give me a break with new freaking players, okay? The Celtics after the trade deadline had like 6 players. It has to be a total plan. So whatever. I mean, all of this stuff is, it's just such a who buys it. That's the whole point is like everything about kairi's world is convincing himself. If you say it and it makes sense, you believe other people would think that it makes sense. But everyone's like, dude, what the hell are you talking about? And that's just so he destroyed this team. This was a super team. Super team that should have won two or three championships. Nothing. Nothing. I don't think a single player there's probably a handful, one handful that are in the same league in terms of the destructiveness that he's caused to multiple franchises three. Ended the Cleveland run by forcing his way out of the calves. Maybe the right move because LeBron was on the way out too, but still, it had the impact it did on 18. Boston, we told that story over and over again. And you know what credit bob Ryan, who when he went to Brooklyn, Kyrie said, this thing's gonna be his last stop. And I believe he said as well, like, you know, let's see what happens here because Sacramento. It could end the same way in Brooklyn. But that's too late, John. They can't move him now. They can't move on. Why didn't they know better? They should have traded with Sacramento. All right, James. Yes. All right. Charade. Charade only you for the next 15 minutes ago. Nobody else died. Yeah, really quick. You're talking about Kyrie? Just a second. Yeah. Listen, to me, the deal that's out there, that I think if you're Brooklyn, you need to seriously think about making it before..
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"That's the first time I think. That's the first time. It's the first time. Welcome, everybody. Good time. Welcome. Yes. I'm gonna welcome you. It happens all the time. Real quick, but real quick. Real quick, real quick. Real quick. Meal real quick. Me real quick. Hold on, let me say something. Regular season. Ten in 5, right? Wait, wait, wait, wait, real quick. Real quick. Real quick. Hold on. Against the best defense in the NBA. That doesn't make up for going up against Tatum and brown, you know, in this new found, you know, they've seen the light now on both ends of the floor and what an example of that by Jayson Tatum in particular today, right? Man, I've never seen Tatum play defense like that. I love it. Never taken one off. You know, I asked email about it, email was just like, well, yeah, he's been doing that all season long. I'm just like, yeah, but, you know, something that's something's changed in the last couple of weeks. I got tonight in game three was the best example. Not just because he had just because he had 6 deals either. You know, it's just defense. Everywhere, man. This is like change. Go ahead, Bobby. It went to the next level because he's playing a listless team that sloppy that isn't connected that has no. And he smells it. He knows it. He knows the I mean, you saw Brown pass at one point. It was just a mess. And after a two O series lead formed after bonus 17 point lead, this is why I started to talk about sweep because when you lose in that fashion, when you have Durant playing like he did in Boston, you just started to see a team that's started to crumble a little bit in the second half of the season. One of his star players at the midway point, this all had the makings of everybody on Brooklyn just saying, maybe this just isn't our year. And we might just pack it in here and I don't think they completely packed it in here, but once they took a punch once they took two punches off those turnovers. That's the Celtics. The second half they faded. This is what's different about the Celtics over in the past is all of those runs, those punches, the Blake Griffin run, things like that. Those are normally the types of things that would tip games in the other team's favor and the Celtics wouldn't recover from them. Every single time the nets have something for them, they come right back. Every time, every time the nets got into three or four, Celtics pushed it right back to 9 in Nash's calling a timeout. Every time they have an answer and that's the best part. In fact, if they didn't get casual sometimes when they were at ten, 11, 12 points, they could have pushed this thing into the 20 point realm and proved a little bit. They did get a little passive. They did their offense broke down a little. They took some sloppy shots that were careless with the ball, but they could have, they could have, you know, they had an answer for everything the nets did. That's got to be demoralizing, too. Your Brooklyn, you think you're coming back, and then boom, you know, Brown goes around just goes off there during those Blake Griffin minutes. That's like a Cantor stint I said. Like, oh, he made a few threes, but look what's happening on the other end. And the Celtics were like, please keep shooting. The next time he got it after he made two threes, every Celtic was like, they backed up like 15 feet. They're like,.
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"You can't be a team with no defensive identity and expect to win at the highest level against one of the best teams in the NBA, and that's clearly what the Celtics are with rob, without rob, rob helped a little bit tonight, but this was effectively a continuation of what they've done without them. And they're gonna sweep this series. That's just got nothing left and you saw the exhaustion set in. Blake Griffin just talked a little while ago about the spirit not being right with the nets. And he's right. Not difficult to imagine after blowing a 17 point lead in game two. Yeah, but I think that the bigger issue with this Brooklyn team besides our defense, which has been putrid this series has been future at all season. They're not getting the kind of offensive firepower that they're used to. I mean, and the Celtics have been able to neutralize their number one and number two options. And we really see that in a playoff series where a team 11 shots 11 shots for Kevin Durant. And you know what? I got some stuff to say. First off the Durant didn't come to the fourth. Exactly. And that was on the chat. Yeah, and that was question. I thought, I thought Taylor got out of a ball, but you know, I guess there was a little bit of that. But it was a little here. Anyway, Bobby, what's your theory? Is Bobby wants to go ether under ant right now? He's about to say some stuff. The first two games, I think you can credit Boston and being physical laying into him, tightening up the lane, all the different stuff we've talked about. He was passive tonight. He was passing. Indecisive too. Of the game. Just completely out of the action. Dumping off the ground whenever the pressure came, tentative, and with no real confidence in his shot too when the crowds formed around him, he looked like he lacked confidence, and that's the first time I can really ever say that about him. I don't think I can ever in his career point to a moment where he looked like this. And it was bad in games one and two. It somehow got worse here. And I thought he was just passives the word. You look like someone who was just mentally defeated. The skills are still there because if you look at his shooting, he was still a very efficient shop maker, but he didn't take that many shots. He wasn't assertive. It was almost as if he was the same look. I've been carrying this team all day. Can someone besides Bruce Bowen giving give us something? Kyrie, can you give us something other than football fans? Can you do something that can just take some of the pressure on me? Because I'm tired. And he looked like somebody just fatigued. Yeah. That spot on, that spot on. It felt like he had the body language of someone that was like, make it worth it. You know what I mean? Put me in the position to close this out or actually win a game, but until we reach that point, you know, I'm gonna just be not just passive, but sort of like almost reluctant in a way..
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"All right, Jimmy said to give it three seconds, I gave it 5. Hardware time. Let's go. Hard hat time. I can't even feel this. This is what this is. This is after a game three win. This is how you feel. Three in O series for the Boston Celtics. They came to work. They came to work on a Saturday night and John we came to work on a Saturday night. Let's get into it. None of you pessimists believe this was possible, but here are the haters. The haters. The haters have been watching anymore. The haters have yards. The haters have no place on this show, okay? We don't want you here. We don't want you. We don't want you here. Take off. Get him out of here. Get him out of here. Okay, the Dudley's the bobbies, you know, these freaking negative Nancy. Yeah, the Bobby mannings, they won't make it. They won't even make an appearance tonight. Walk through a game like this. Only we will. Only the true believers will. Only the true believers. Anyway, hey. Line of applause for the three and O Celtics here, folks. However, I'm going to pump the brakes because Ben Simmons is returning in game four. Wait, Ben Simmons, the new dress like a clown on the sidelines tonight? That guy? Oh my goodness. He's going to change his costume and dress up as a basketball player for a game four. I don't believe it. Tell me you're not playing without telling me you're not playing. Just based off of play. Tell me just based off the tire. It's frigging just, you know. You know, like you did it, did you dressed up on a Saturday night in New York? Like, if that was the goal, then you crushed it. Yeah. And they took care of business and as Gerard blakely, so eloquently said, after game two, they snatched their souls tonight. The Brooklyn Nets, as we know them, are dead and gone. They're dead. It's just a matter of death. At this point, as a matter of fact, Brooklyn Nets Blake Griffin did everything he could to revive the nets in the fourth quarter, but jaylen Brown had other plans. And I sat me on Twitter. We officially have to talk about Jalen Brown tonight and we just did so. We're good. We're good. You were good. That's all we need. So shout out to jaylen Brown and shout out to the Boston Celtics. I will say someone tweeted that when you get those Ben Simmons moments like you're a nets team and something like that happens, he plays with energy, he ties up Jayson Tatum, you know, a couple of good hustle plays knocks down those threes. Stuff like that normally like is game changing. You know, and it turns the series. Or it turns the game. But every single time that they did that, the Celtics responded. Primarily Jalen..
"brooklyn" Discussed on The Garden Report | Boston Celtics Post Game Show from TD Garden
"All right, are we doing this? Happy Thanksgiving. We're doing this. We're doing this. Yes. I'm thankful for the game ending. That's what I'm thankful for. I'm thankful for the reality check that a bunch of people needed. And dying. Are you people? This was exactly what, so Celtics lose one 23 one O four to the Brooklyn Nets and everybody who's watching this show most likely knows that by now. This is exactly the loss that I was hoping wouldn't happen. And we talked on Monday night, we said, we hope this can compete in this game. It'll kind of validate a little bit of this winning streak that they've been on and kind of give fans a reason to say, okay, this wasn't just wins over shitty teams. This is a team that's kind of got it figured out and is a contender and all this stuff. Well, listen, I know that the next shot really well on the Celtics shot. Like shit, but there's truth behind both of those things. And at the end of the day, you got blown out of this game from start to finish, and you can talk about this valiant second half to come back on your fake news. Basically. But the point, the gist of it is the cruise control.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"The british way and <Speech_Male> you just spelled <Speech_Male> hawaii. Spread love <Speech_Music_Male> spread love. It's the <Speech_Music_Male> brooklyn <Speech_Music_Male> <Advertisement> the fucking brooklyn where <Speech_Music_Female> we <Speech_Music_Male> only <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> really <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Advertisement> <Speech_Music_Male> <Advertisement> look <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Speech_Music_Female> <Speech_Music_Female> <Music> off <Music> <Music> <Music> <Music> <Advertisement> <Silence> <Advertisement> <SpeakerChange> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Speech_Music_Female> and be adamant that it was <Speech_Music_Female> al gupta. <Speech_Music_Female> <Advertisement> When does he s <Speech_Music_Female> <Advertisement> given this idea. <SpeakerChange> Another mcdonald's <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> is <Speech_Music_Female> <Advertisement> sausage mcmuffin. <Speech_Music_Female> <Advertisement> please <Speech_Music_Female> <Advertisement> note. <Speech_Music_Female> <Advertisement> See sausage <Speech_Music_Female> <Advertisement> marito's by <Speech_Music_Female> <Advertisement> on nbc. <Speech_Music_Female> <Advertisement> Jackal need <Speech_Music_Female> <Advertisement> mentors <SpeakerChange> hashbrowns. <Speech_Female> <Advertisement> Love you <Speech_Female> <Advertisement> and me <Speech_Female> <Advertisement> calligrapher. Woody <Speech_Music_Female> <Advertisement> that deal. <Speech_Female> <Advertisement> What adults families <Speech_Female> <Advertisement> move. <Speech_Female> <Advertisement> Input on spoke <Speech_Female> <Advertisement> lettuce. Tournament <Speech_Music_Female> <Advertisement> went to three dollars menu. <Speech_Music_Female> <Advertisement> Mcdonald's <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> <Speech_Female> <Advertisement> participation putting money and it <Speech_Male> <Advertisement> was a communist <SpeakerChange> camille. <Speech_Male> Hi <Speech_Male> everyone. I'm <Speech_Male> and i'm co hosting <Speech_Male> the podcast. Sos <Speech_Male> <Advertisement> cuba alongside <Speech_Male> <Advertisement> my friend <Speech_Male> <Advertisement> journalist. <Speech_Male> <Advertisement> Jose the as <Speech_Male> <Advertisement> balart. We're discussing <Speech_Male> <Advertisement> the history of our <Speech_Music_Male> <Advertisement> beloved cuba and what <Speech_Music_Male> <Advertisement> led to the recent protests <Speech_Music_Male> <SpeakerChange> in the communist <Speech_Music_Male> run island <Speech_Music_Male> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> and why <Speech_Music_Male> <Advertisement> people are calling <Speech_Music_Male> for change. A <Speech_Music_Male> <Advertisement> group special guest <Speech_Music_Male> <Advertisement> weigh in on. What's next <Speech_Music_Male> <Advertisement> for our community that <Speech_Music_Male> <Advertisement> wanna listen <Speech_Music_Male> <Advertisement> to our weekly show. <Speech_Male> <Advertisement> Sos cuba on <Speech_Music_Male> <Advertisement> the iheartradio. App <Speech_Music_Male> <Advertisement> apple podcast. <Speech_Male> <Advertisement> Or wherever <Speech_Male> you <SpeakerChange> get your podcasts. <Speech_Male> I <Speech_Male> wanna get back to kissing <Speech_Female> cheeks in my <Speech_Female> grandbabies making <Speech_Female> sunday dinner. <Speech_Female> <Advertisement> What a house <Speech_Male> <Advertisement> full <SpeakerChange> of family <Speech_Male> <Advertisement> and lots <Speech_Male> <Advertisement> of left <Speech_Male> <Advertisement> kobe. Nineteen <Speech_Male> <Advertisement> has changed how <Speech_Male> <Advertisement> we live and how we feel <Speech_Music_Male> <Advertisement> for now. <Speech_Music_Male> <Advertisement> They're vaccines <Speech_Music_Male> <Advertisement> and they are the <Speech_Male> very first step <Speech_Music_Male> that let us get back to <Speech_Male> what we miss. Most <Speech_Male> it's okay to have <Speech_Male> questions is <Speech_Male> safe. <Speech_Music_Male> <Advertisement> Now <Speech_Male> get the facts <Speech_Male> visit get <Speech_Male> vaccine answers dot <Speech_Male> org so <Speech_Male> you can make an informed decision when vaccines available to you brought to you by the ad council.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"But the thing is the answer the question. Why doesn't it work with mineral water. Because i i don't know the the chemical makeup of mineral water but for instance if mineral water is hard water hard water damages your machines you you have to. You have to cleanse them out. I know what my wife's q. When she had cured the hard water damaged and you had to scale it from hard water. Mineral waters considered hard water. And you can look that up. I'll look it up later. That may be why okay and one final a scam bony from mike felix. How the hell you guys not talking about the amazon scan. I was not aware as a prime member that two day shipping is not two day shipping anymore pandemic on my ring video. I catch amazon. Customer service informing me are being deceptive. So why are we paying prime membership fees. Wasn't it for two day shipping linked to my ring video below person actually sends. Oh my god. They tape them. Okay i don't know if we should play this. What did they take the conversation through the ring cabraha. I don't argue with the person i said. Look if what comes in three days. I can live with it if it comes in seven days. Then i ask for credit. It depends on if i need the product but but he's trying to say two day shipping should be two day shipping. You're paying for shipping. Why is it showing up in three. Why i said why because the pandemic certain certain warehouses are a little short staff. Certain suppliers don't have the product. They were short on things and they tell you when you buy it may maybe affected it. Sounds like you want to say it. Sounds like he doesn't want to count you get this can't he. Doesn't it shouldn't have to pay to ship two day shipping fees for three days shipping. Well you've not paying usually shipping fee. You're getting shipping free. Maybe we should get money off your prime membership. You can ask for what you want you can you. Can you can do that. Because they're big super company and they have all the money in the world or you can say you know what is going on. I might give him a leaving off the hook. I let him off for a day if it's a day off talk if it's a week and a half point where you had some problems in the past during this pandemic where you did not let them off the hook and you've got your free. Dessert gave a different thing like if they sent me the wrong thing. It's broken comes a week later. If it's three days and there was no warning then i let it slide. I don't only need things got to have it but you know it depends by the way so couple things. I'm looking up just to be to be safe year. The british way of saying the numbers is always to use this. This one's gotcha gone and the american ways to occasionally use the end for instance. It's you don't use it when the two digits zero zero in other words you'd say sixty two hundred right right okay. It is said two thousand when the last three digits of the number are less than a hundred in other words you'd five thousand and twenty six and on checks you always end if there are no thousands And let's say it's a million. If you had a million and you it forty seven you would say a million and forty seven otherwise you'd say a million forty-seven and you go forty. What forty seven thousand. It's confusing to to eliminate the confusion us and and that is on multiple websites. Graham really were rhody is spanking the math teacher with her own ruler. Well listen. I'm sure she's a wonderful teacher but he's not an english teacher we got. It's actually an english issue but listen you teach your students and the way you want. But there are certain exceptions to the rule and since it is british way you can use it. It's not wrong to say it. Yeah i i don't adhere to the british way. I adhere to the bracelet. Right the brooklyn. How do you spell gray g. r. e. y. or g. r. y. Okay well gre. Why is english british english either way. No okay why is a for american justices said you don't subscribe to.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Asshole. What exactly did you search for but what did you. What did you search for. And by the way what people say. I'll every morning when you guys are recording your show. Now we we. We don't record show we live. We never recording our show. We we don't record. Yes we make a copy of recording copy of it but we're not recording our show we record this podcast because you're here. You're not hearing it in real time with our radio show is we. Don't go in the studio and record our show in well. Here's the thing at the beginning of the show at six. Am east coast time. Say portions program have been pretty recorded. That's for legal reasons you know. It's prerecorded music in the phone taps while the music of course is the commercials but as far as the content. The phone taps a prerecorded because we have to beat them. Edit them. that's right that's it legally. That's what the government wants now or you want a year and a half ago. We go today years old when you found that went out. And if you know you've got to. We've got to text messages here today for the show which we will go over after this scary. I'm robert evans in does it seem like everything's kind of falling apart that's because it is First off climate change is hitting a lot harder than our most optimistic predictions had anticipated. And that's leading to infrastructure falling apart. It's leading to food and everything becoming more expensive. It's just going to cause a lot of continued problems and weird problems like you know. Remember when toilet paper wasn't available that kind of weird. It's gonna keep happening. We're also gonna continue our lurch into authoritarianism and that can be kinda scary but the good news is that when things start to fall apart we all have an opportunity to replace them with something better to build a new world from the ashes of the old on my new show. It could happen here monday through friday. We'll chronicle the collapse. Yes but we're also going to talk to visionaries thinkers who have ideas about what could replace it who are going out there in the world right now to try to build something better so listen to it could happen here on the iheartradio app apple podcasts. Over for you get your podcasts. Did you know. There are thousands of active cults in america today. Political cults sects call acting class called. Who are the individuals who get manipulated into them. I'm lizzy cousy arm. Tyler meesom was i in. Occult is a documentary. Podcasts showcasing the raw dynamic and inspiring firsthand stories of individuals who got in and most importantly got out of cult. The truth is culture. Never what they seem because what you sign up for is not what you get is what happens. God sends a she bear. They'll find a way to sedate you. Sometimes you would hear kid be for like it seemed like ours. I remember people literally running out of the class streaming go into the temple and have roast beef with jesus so we then turned our calorie deficit into something. That meant more because keith likes his girls. Skinny people obsessed colts. Maybe because it could happen to anyone should know because it happened to us. Listen to resign occult every wednesday on the iheartradio app apple podcasts. Or wherever you get your podcast. I think you're getting paid hitting the commercial button. That's what i think. No i'm just being told. We have to hit the commercials. Hey we we were told when we haven't hit the commercial button enough so now we're we're trying to hit the commercial button so i think two people were today years old when they learned something and again. It's just the world we live in. It's not a sign of. It's not it's not making fun of these people. I'm just pointing out that. I'm amazed that people don't know things that are old school technology. So if you use a cell phone. And i call you. What happens if you're on the phone it'll beep boop boop right and you might pick up because you might be correct k. But people aren't used to calling landlines obviously don't work in. I don't know you don't call companies or i. I guess people will call landlines right like you. Don't call your anti your grandparents. Whatever a lot because when you call a landline a couple of things happen. If the circuits get overloaded right in other words maybe the system can handle five hundred phone calls but eight thousand people are calling the win the phone tap prize. It gets overloaded. Can't handle that many calls so it goes to burp. The number you have reached cannot be reached right now or the circuits overloaded. There's some also wish sorry all circuits busy right and again. We'll text in him is not working. No the phone number works. It's just overloaded. Circuits are busy right that that is an old term that people don't understand fine but we got to text messages today. That i've never seen before and i'll tell you what my response was the first one and again. I'm not blaming these people. The first one was when we call. Are we supposed to wait at the busy signal forever. Trying to call till it sounds like something else while those are people who don't pick up the phone and make any phone calls no they don't call in lines the second one okay stupid question of the day when trying to get through we'll have better luck staying on the line listening to the constant peeping. Hang up and keep trying. Oh my god. So i wrote back to both of them politely. There's not a phone in the world. That changes were busy signal to ring right somehow. They they not knowing a busy signal. Think that after a while it changes to ringing. My guess is they're gen z. Or younger and they don't know they've because they just never called a landline where they've gotten the busy signal. If you've heard that noise. And i like they call. It annoys a beeping releasing right. Don't say the word they don't know the word busy signal because a busy signal is just that it would tell you if you knew it. A busy signal was and you knew the term busy. Say not hang up and try again right. I hear listen. I hear that we're pretty difficult to get in touch with the morning. Dad were popular. I don't know but I got some really stuff. You got some because i got when we continue. Hit the commercials again. We're we're we're done commercials. Okay from a comment on the green pool picture. I put up from monster doughnut pants. Which was your name in highschool. Wasn't monster donut pants. I yeah that was me. You were mr munchkin. That's right munchkin. I wasn't short. Okay all right. Brody broke down on the picture. I invited you the pool so this she wrote but brody we all know at scary jones would get in the pool. If there is wouldn't get in the chiro would get but she wouldn't get in the pool if there isn't a dj poolside bar and hot girls in bikinis filling. The pool with expensive. Champagne has take buji bastard. So i laugh at that. That was pretty funny Ange angel hearst sent me a sense of picture As i read this the rant music is playing in my head. It's a picture of a case of coke. It says fifteen. Pack three more cans than twelve back that really because then three more right because it just in case. You didn't know how to do basic math. Has it right. It spells it out in another way that you get three extra games. Nothing no no problem with that right kelly. A screen name roscoe's momma. She sent me a picture. she said. check out the great value. Walmart has on lysol so lysol has cans of lysol one for five dollars and forty eight cents right To value pack eleven sixty seven more than twice the price of the one.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Has you covered with month to month. Leases and self storage solutions that make it easier to get organized online or in person getting self storage. It's convenient and fast and because diy renovations can easily over budget. It's great to keep smart offering to twenty five percent off your monthly rent sigi by two before and hello to after with qb smart self storage visit cube smart dot com for more details. The goal of our show how to money is to provide listeners. With the knowledge and tools. They'll need to thrive in any financial situation..
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Missed out on so many of these rants and i like to bitch as well. Thank you for easing my anxiety. Thank you can't wait to hear more of the book and boys your newest life. A jenny from the block so she does want to identified. Thank you jenny. That was very very nice. A lot of people can relate that brody can relate who yeah woo also some funny audio from the crank yankers here. Download the mp. Three going to give me virus. Do we need to hear prank phone calls from other people. I don't know what the is an excerpt. Oh okay yes. Screw it an excerpt all right back to you. Did you say you me. Did you wanna say something. Yeah judge finds some of the uh also wanted to correct you. This is an important one went. Hang up on them. This is from daniel. Are you want something. You're minute maid. Ma name the movie come on. I don't know it von karate. Kid anyway The first one the first one nineteen eighty-four with pat morita rottweiler. Who's in it. I that line anyway. Anyway daniel to our facebook page on the brooklyn boys and send a little message that say hey guys slice for life here wanted correct brody on something that he said in the most recent episode i work for. Tsa for four years. Now the only thing we x ray. Our bags when you step into the body scanner. You're not being x rayed. We don't see anything on that screen. I'm not sure about other countries but for here in america we don't see anything you can look at the screen yourself once you pass through the scanner so unless you lay yourself on the belt rental inside your bag you're not being x rayed years ago. Not sure exactly how many definitely ten used to have machines that did in fact x ray and officers inside of a room. So that they couldn't they couldn't see the actual passengers they could in fact see everything but those machines are long gone so hit. The jingle brody is wrong. Brody is wrong. I like my listen. You can't vouch for every machine in the country so also maybe ten years ago. whatever. I'm just saying there was a time where i felt. They were x. Ray me so if you don't do it now that's great. I'll take the poster. okay. I'll take the low. Finally what brothers from john melendez just want.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Next rattled home came after right well. Rattling home was right. It was like an ep that came right after rattling joshua tree. Major released studio released after that was october. Yeah but then. There's two albums. I don't like it all zero sarokin pop up terrible. I can't johnny. Cash song was good. Oh okay so. I want the piece of equipment in my in in my room to to play the playlist right up. So i say hey. Play my youtube playlist right and iheartradio playing youtube. Oh no nope alexa. Play my you to. I'm sorry there seems to be some problem off. Play my youtube playlist playing youtube. Play my you to playlists. There's no way you have to get an exact as you get it. Did you finally get it eventually. You know when they finally when something. Hey be atch play my you to playlists. There's a certain cadence but if you go too slow too fast. She freaks out and says there's a problem you were. Here's here's youtube or she plays youtube for me. Youtube right can't so part of me. Wants to just change the playlist to like you know meatloaf or like not me. Love like spaghetti playlist right just so. She plays the dan playlist. But i don't want to call it. That i want to be able to so okay so i tweeted at homeowners ninety nine on twitter which their help desk and i said hey. It's nearly impossible to get. You know who to play my playlist. He's either she thinks i'm saying youtube or she says something went wrong. You have to space out the you and the to perfectly at the exact speed otherwise it takes you twenty minutes to set the damn alarm. We'll get it to play the play. It has to be a known problem that like they have to have had that before because scary a year ago. I told you that won't save vagina penis. She won't save a china k. has been rectified has not been rectified. No so amazon help writes me back..
"brooklyn" Discussed on The Brooklyn Boys Podcast
"What everyone think of the movie. Well i thought it was pretty good. I thought the popcorn was the best part. Somebody hit us one. okay fine. And he's definitely at fault okay. I'm okay what we should take advantage of this and say we were injured. What insurance i know. We need the no way we can't do that. That's insurance fraud and yeah mom that stealing. You're a skunk. you can't do. We can't do that insurance fraud. What are you doing poorly written poorly worst auto family. Hey who says right daughter should said when the car got hit. Hi no my is right. Wow by that is that is a new a new level of terrible. That is hearing again one more time here over time. All right family next. Yeah pizza. I've ever really buckle up everyone when everyone think of the movie. Well i thought it was pretty good I thought the popcorn was the best part you would. Somebody hit us man. There's everyone okay. i'm fine. I'm fine and he's definitely at fault you okay. I'm okay. good what. We should take advantage of this and say we were injured. Insurance claim is line but we hit us. Thank you captain. Obvious you morally yell. Somebody hit us.
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Thank you jill josephine. So i'm a big fan now like josephine there with a A recorder we should we should interview for the shylock. Now do we want to talk about the other guy the fraud now. No no no. No no the other sound i sent you. I don't have it. So what should we know okay. Well we'll get to him. We got a brooklyn accent next. Oh yes oh yeah yeah. Let's do next week because we may have all other thing with him. Yeah so now we have this. Oh okay so before. I play this clip. You guys know the classic antibodies commercial. We talked about last week. But oh my. I put it up on my instagram at blew up people. It's even worse when you watch it right when she says. Oh you gotta get minute monitor. Click anybody's whatever was covid. Oh my why well you watch the end of the commercial and she runs off onto the beach with her dog. Like i spoke to my aunt. She'll be fine so people started. People posted some very very funny things on my instagram. I'm going to read some of the Before we play the audio i wanna. I wanna read some of the things that they said. Oh and then. I have a guy who cursed on television. Okay so let me see. Let's see here we go She needs to run tara house not to the beach This katie babs had dying laughing. Please do the impressions every week. Katie alps katie blabs. Let's see the dog is actually doctor and was telling her what to say. Only logical expression. That's from ms trish. Marion says how is she. Even going to remember blah blah blah antibodies. I laughed so hard listening to this last week. Better acting on soap operas. That's ethan robinson. Everyone commented on my mj. Tortorella a with. I was taking my long walk and i had to find a tree because i almost peed myself. You guys crack me up the way toward that commercial. Apart was hilarious Not only did she call her doctor now and ask for mononucleosis. She wants out in the yard and started watering our deck. That comes from nick edge. That's hilarious Let's see Oh it's great to see actual thing. What an annoying commercial. I love the oh my good to see what you guys were talking about anyway. Oh the marketing team should be slapped. Okay so i thought that was the worst commercial the commercial that we have for awhile well one thing could be wrong. There's a commercial that listen. They're not our sponsors a commercial. We'll just say it's on the radio a lot k where where we can hear it. Let's just leave it at that. And his for insurance fraud the guy in the commercial. The father may be a worse actor then the oh my girl. All right let's let's relentless and listen to his reaction when his wife suggests they commit insurance fraud and then stop it. You'll hear all right family next. Stop pizza yeah pizza..
"brooklyn" Discussed on The Brooklyn Boys Podcast
"Of that. Episode one seventy eight the brooklyn boys podcast that us so we are getting more cross pollination on the text messaging for the morning show. Yeah i'll say.
"brooklyn" Discussed on The Crossover NBA Show with Chris Mannix
"Should i have been looking for more excitement there from kyrie irving like should. I have been expecting that. I'm part of a super team again. One of my takeaways was look this. Is you know. Kyrie's in. Cleveland and boston was that he was one physician. He was in situations that were not of his choosing like he was drafted by cleveland. And then he was part of something for a couple of years and then lebron comes in and he's a part of something different now that resulted in a championship and what straight trips for him to the nba finals. But i always felt that was something that bothered him that it was a situation on of his choosing he gets straight to boston. He liked it early on. Didn't like it so much the end and then he goes to brooklyn and chooses to go back home. To the new york city area chooses to play with kevin durant and then two weeks into the season three weeks of the season. Whatever it is all of a sudden that team looks a lot different than what it was gonna look like when kyrie got there. I mean maybe i'm reading too much into it hard but that was one of my first thoughts that all right. Here's kyri now in a situation that he did not choose to be in and how he going to react to that. Is he going to embrace it or is he going to sulk his way through it. So i i totally get all that. Chris and i watched his his presser. It was twelve minutes long which you know. That's a pretty good longtime for a guy who probably by his body language certainly seemed like he did not want to be there. And i'll be there with the nets i mean. Be there in the in the in that press conference on zoom he was you know very emotionally kind of flat. His most expansive most interesting answers. I think had more to do with where he is emotionally and mentally how he's feeling about kind of just justice place in the world and i mean that earnestly not facetiously at all like he had some really interesting thoughts just as he was trying to semi explain himself in a very ambiguous way of course and he did not offer any specifics about his absence and about his return and i don't think he owes any of. That's how ios does it to his teammates and he says he has delivered that. They know they know where he's at. They know what's going on. I'll take that as a.