40 Burst results for "Cascades"
Crypto Banter
A highlight from ETH Spot ETF Will Trigger A Huge Rally! (Buy These Altcoins)
"This has changed everything for the crypto market. News just broke that the iShares Ethereum Trust has just been registered in Delaware. The exact same thing happened for the Bitcoin Spot ETF, where BlackRock filed for registration just before they officially registered for the Bitcoin Spot ETF. So this leads me to believe that an Ethereum Spot ETF application is looming. And of course, if that's the case, then this could open up the door for a new trade in not only Ethereum, but also the Ethereum ecosystem. Will Clemente also pointed out a good point here that if BlackRock is feeling comfortable now filing for an ETH Spot ETF, then the likelihood that a Spot Bitcoin ETF will get approved is now much higher because obviously they wouldn't be filing if they didn't have confidence, right? So I want to talk about why this could be so massive, not only for the crypto market, but also for the altcoin market, because you have to keep in mind Ethereum is the leader of the alts and it has been Bitcoin's time to shine over the last few months, but with now signs of Ethereum starting to reverse versus BTC with Ethereum dominance increasing and now getting this BlackRock ETF filing, there could be some great news for Ethereum around the corner and definitely trades in the ecosystem that we've got to take a look at. The first thing I want to acknowledge before I get into specific altcoins, by the way, one of the altcoins I'm going to show you at the end of today's video is one of my favorite altcoins in the crypto market at the moment, is the current Bitcoin flush that we just saw. So open interest was steadily increasing, meaning the amount of leverage that was being taken by market participants to the long and the short side, but mostly the long side was increasing. But what we did see is a massive flush, a huge liquidation cascade where a lot of the late longs were wrecked. A lot of the altcoins also had massive weeks down, especially on a liquid alt. Some of these were down 20 to 25%, but the market did slowly end up recovering. And what we did see following this massive liquidation event is open interest essentially getting extremely wiped out to the point where OI is as low as it's been since October 24th, the lowest in over two weeks time. So the market completely flushed out all the leverage. And what I would say about this event is it's extremely healthy. There are a couple lessons here. One, obviously don't take aggressive leverage so you can be subject to these types of wicks. But two, setting limit orders in this market can be hugely advantageous. Let's look at a coin like Pendle. Look at Pendle here. It actually ended up dropping like 16 % just in a minute. And anyone that had limit orders for this coin, so people that wanted to buy the dip on Pendle, their limit orders could have been filled, albeit not all the orders would have gotten filled because they had a plan. So definitely when it comes to old coins, have a plan where you lay out your limit orders on your exchange. In case there are these flushes, then you can catch a nice bit at a key level. And using Pendle as the example here, you can see that this is a major level four Pendle as well that it hit the 84 cent region being a major resistance level newly turned into support. So this is just one example of why setting limit orders in the crypto market is a good idea. Now what about Ethereum? Well, Ethereum in light of the BlackRock ETF filing or the iShares registration in Delaware, it's now starting to reverse on the ETHBTC chart. And you guys know that I've been looking at this chart as pretty much my holy grail of Ethereum and altcoins because this chart tells me whether Ethereum is gaining dominance or losing dominance versus Bitcoin in terms of Ethereum as a trending coin. So what you can see here is Ethereum is now starting to break or at least attempting to break back into this range. So break back above and make this five five level into support. In previous times, for example, in June 2022, it did deviate below and then it ended up consolidating above and having a push to the range high of the ETHBTC chart at the 0 .082 level. So what we're seeing here is that Ethereum deviating below again looks like it wants to do something similar to what it did back in July 2022. The major level that ETH needs to break though once it holds back above the support line is this orange line here, which essentially indicates the trend for Ethereum. If it starts to break back above and make a higher low, that would be amazing for Ethereum as it shows ETH is gaining dominance versus Bitcoin. This BlackRock ETF may just be the thing that spurs on the Ethereum narrative. So that's what I'm looking at in terms of ETH. But what are the best altcoins to take advantage of this trade? Well, I actually don't think it's ETH. I think there are proxy bets to the ETH ecosystem, so ETH beta plays, which could outperform. Let's discuss a few of them in today's video. The first one I want to discuss is Lido and Rockerpool because these two are your ETH liquid staking plays. They also got flushed out massively during this liquidation cascade that we just talked about. So Lido, for example, went all the way up to 2 .4. It did end up coming back down to 1 .9. It's now consolidating in the 2 .1 region. You are watching this video two hours after I'm recording, so maybe it's somewhere in this range. But nonetheless, Lido is now starting to consolidate above a major support level at the 1 .98 region on the daily chart. So Lido for me looks good as an ETH beta play. So does Rockerpool, especially if it breaks above this $31 level on the weekly. Your next target is its range high of $40. So Rockerpool starting to wake up. Lido also looking good. One I'm also looking at is Arbitrum. Once again, this flush took it all the way back down to its support level at the $0 .92 zone. But Arbitrum looks like it wants to break above its major resistance at $1 .1. If it can break above, then we know its next target is 1 .31. Something interesting to note about Arbitrum is that it adheres to market structure really well. A lot of these new coins like Pepe, Arbitrum, they tend to stick to market structure because everyone's fulfilling prophecy. And I guess at the end of the day, this is what TA is, where Arbitrum actually obeys these levels super well. So these are the levels I am using in terms of Arbitrum. Something else I'm doing when it comes to these coins is I'm using Kyber AI to get better entries. So let's say, for example, it does close above retests on the daily, the 1 .1 level. If I want to get an entry into Arbitrum, what I would do is I would search up Arbitrum onto Kyber AI, because it's going to tell me what the trend is like in terms of the on -chain analytics. And I would see here whether the Kyber score is in bullish territory. If it's in bullish territory, this indicates that the market is willing to bid on Arbitrum based on a variety of factors, such as the number and types of trades, trading volume, net flow to whale wallets, etc. So I would use this Kyber score, I would use this data to my advantage to get more confluence to line that up with a break and a consolidation of trend. What I do like to see though, as one general rule of thumb when it comes to Kyber scores and using Kyber AI, is when you see these patterns here, where you get bearish signals starting to turn into bullish signals. So it might go from bearish, it might go up to the 70 to 80 Kyber score region. Once it starts getting into this region, that is assigned to me after two four -hourly closes above this level that you will likely start to see it target the very bullish territory, which is the 90 plus region as we saw happens in this occasion. So especially in the lower timeframes, this is a really nice metric to use when you're trading and you can use it for a variety of alts. So that's how I'm using Kyber AI and you can also use it using the link in the description to sign up for early access. I discussed at the start of the video, there was an altcoin that I was eyeing specifically as an outperformer in this category and that's actually Pendle. Pendle is super interesting because it has exposure to a few narratives. It has exposure to Arbitrum, which is an ETH L2 narrative because of the ecosystem fund that is currently occurring on Arbitrum. So a lot of the protocols are getting grants that they're distributing to their governance holders, which is super bullish for Arbitrum specific protocols. That's why I mentioned Arb as well as a play earlier in the video, but Pendle has exposure to that ecosystem. It also utilizes layer zero technology for its multi -chain strategies. So this is also interesting because it could be a proxy play for the layer zero airdrop as well. And it also gets some of the LSD fi rotation given the fact that Pendle is one of the platforms where you can trade your yield for LSDs and stake your yield. So let's say your staked Ethereum to earn an additional yield on the Pendle platform. So it kind of covers three narratives at once. One is the L2 narrative, one is the ETH LSD fi narrative and another one is the layer zero narrative. It's showing a lot of strength here on the chart and it was actually one of the altcoins that was bought up most quickly during this liquidation cascade here, which indicates to me that it's one of the strongest coins in the market. You can always learn a lot in the market when the market drops and it bounces. Always try and track which coins bounce the most. The coins that bounce the most, typically they are the best longs when it is time to long and Pendle is definitely showing its strength here. Yes, it's pumped a lot. I would love to be able to get some accumulation opportunities on major pullbacks, but for the traders out here, I think you can have a lot of fun trading this token if you're looking to long because it is looking like one of the strongest tokens in the market. I want to give a shout out quickly to one of my major sponsors of the show, which is SmartX. If you want to earn any yield across a variety of layer two ecosystems, but Arbitrum included, like we've just been talking about, you can head over to the platform using the link in the description and get access to some of the strongest APRs in crypto. But not only that, some of the most competitive risk adjusted returns in crypto due to the fact that they have introduced a mechanism to lower or mitigate the negative effects of impermanent loss. You can see here versus platforms like Uniswap on a typical Ethereum pair, SmartX often gets the much better results due to the mechanism that they've introduced. And you can look at on the homepage of the SmartX website using their compare function, how SmartX LPs track versus other LPs here. And you can also simulate the algorithm to see how their LPs actually perform better on chain versus a lot of other pairs, as you can see in front of you. So if you do want to earn some of the strongest yields in the market across any of the ecosystems that you can see on screen, you can use the link in the description below. They've built a nice product. And if you've used it before, you would know how smooth it is to use as well. So thank you to SmartX and thank you to Kyber AI for sponsoring this video. I hope you learned something. Definitely keeping my eye on the ETH beta plays at the moment. I think this could be a watershed moment for the Ethereum narrative because it was dead. Let's be honest, it was just Bitcoin. ETH was lagging. This could finally be what Ethereum needs to start to kick into gear here. Definitely keep your eye on that ETH BTC chart. I will see you in the next video. Hope you have a lovely rest of your day. Good luck trading in this crazy market. There's definitely lots of money to be made. Peace out.
Evening News with Art Sanders
Fresh "Cascades" from Evening News with Art Sanders
"14After, this is America in the Morning. As we turn the calendar on a new month, AccuWeather dot com meteorologist Karl Babinski has the nation's forecast. As a brand new month begins early on this Friday, we do have lots of messy weather to talk about in the west. First of all, there was about a quarter of an inch of rain on Thursday in cities like Seattle and Portland as the first in a series of low pressure systems moved onshore. This, of course, one of the atmospheric river events we're going to see over the next few days, which will bring copious amounts of rain to western parts of Washington and Oregon, but also some heavy snowfall to the Washington and Oregon Cascades. And also, there are winter storm warnings which have been posted for today in the Wasatch Mountains of Utah over the next 72 hours. 20 to 30 inches of snow is expected in Alta and also many other ski resorts located in northern Utah. Winter weather advisories are out in parts of eastern Idaho and Nevada. Over the next 24 hours, 3 to 5 inches of snow is expected in some of those higher elevations. And not to be forgotten, the southern Rockies in western New Mexico, there are some winter storm warnings in effect as well. Across much of the southern tier of states, strong some thunderstorms did erupt very late on Thursday near the Louisiana coast. Houston was spared any severe weather, but there were strong thunderstorms in the Lake Charles, Louisiana vicinity late Thursday night. Today showers will be pushing into the Midwest. It'll be dry across the northern and central plain states with temperatures in the 30s and 40s, but do expect some shower activity near Chicago, even some wet snow. Our highs today will be around 40. Any sun northeast in the will be fading behind clouds this afternoon and rain will be arriving late this afternoon, then continuing tonight before they bring off tomorrow. And that's the weather across America. Today in Baltimore, increasing clouds. High 53 showers early in Memphis, otherwise cloudy high 70. That's the nation's weather. I'm AccuWeather .com I'm John Trout. This is America in the morning. It's 16 after two Nevada state troopers are dead after they were killed while helping a motorist on the side of an interstate highway in Las Vegas early Thursday morning.
WTOP
"cascades" Discussed on WTOP
"Great solution from the cascade center for dental health and sterling cascades one is a revolutionary full mouth implant solution pioneered by Dr. Shreyesh Ruparelia with cascades one you receive the highest quality full mouth dental restoration operation we do it all one doctor one office one price all backed by our amazing guarantee call today to learn more call 866 25 sleep or visit traffic and weather on the 8th Joe Conway in the traffic center Ian we'll start off in the district talk about the demonstrators are making the way all the way around the White House they've been mostly around the White House for the better part of today in a better part of the afternoon mostly have been confined to Freedom Plaza along Pennsylvania Avenue but now on the move making way their all the way around as I've been saying so what you need to know is that because there's such a large crowd we've got lots of various road closures all the way around the White House including 18th and 14th streets along tradition Avenue along K Street if you're trying to get around downtown DC want to avoid this 23rd Street sounds like it's still north a good -south alternate same goes for say 7th Street through Chinatown Independence Avenue working both ways at last report same goes for Massachusetts Avenue reports of delays through some of the circles but you're still at least moving rather than dealing with road closures as the demonstration continues let's go into Maryland now talk about the serious crash 95 northbound it's just north of exit 31 for Maryland 200 the ICC are diverted there for the crash investigation and getting around using the lanes take that you back on to 95 at 198 that's a slow go it's doable better maybe to use Route 29. Baltimore to Parkway picked up a lot of bailout we've got heavy delays northbound out of Riverdale most of the way up toward Route 32. Other problem in Prince George's County is on Branch Avenue the closure is both ways at Allentown Road. A crash took down some utility lines if you're south on Branch Avenue you're diverted onto Old Branch Avenue to get around it northbounders are diverted at Allentown Road we've got delays on the ad -lib trying to exit onto New Branch Avenue southbound into the district on 395 north you're jammed from the Pentagon toward the inbound 14th Street Bridge southbound 295 jammed is from to the crash just south of Eastern Avenue should still be under police direction. Virginia Hill slow and 95 south out of Newington most of the way toward the Occoquan volume easy pass things are north. Brought to you by Regency Furniture pieces with hundreds arriving of every day you'll find just what you need to give your rooms a total refresh. Regency Furniture affordable never looks so good I'm Joe Conrad WTFB traffic the forecast seven news first alert meteorologist Mark Pena seeing just a mix of clouds sun and on your Saturday afternoon this will give way to mostly clear skies overnight temperatures fall to the
News and Perspective with Tom Hutyler
Fresh "Cascades" from News and Perspective with Tom Hutyler
"Big melt in the cascades by monday our downtown temperature now is standing at 45 degrees at 255 jp morgan chase warning inflation could rise more and a recession is still possible lisa taylor has the story ceo jamie diamond said york at times the new deal book summit in new york that interest rates could continue to go up he noted the government's across the world needing more money for their militaries and to address energy
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"In North Cascades National Park where two fishermen found possible human remains inside a suitcase while on Ross Lake last month it's shocking it's scary it's terrifying and you hear about that kind of stuff all the time but you don't think that it could like happen in your backyard so it's really scary the Whatcom County Sheriff's Office was called in to investigate after the two fishermen notified the National Park Service on October 12 it's just beautiful and just scary out in the woods very serene and to have something so horrible is that is really terrible the sheriff's office says both men who found the remains have been interviewed but there are still a lot of unanswered questions the questions that I have is how long has the body been in the suitcase is an this old murder is it something recent so disturbing because clearly it was an intentional really evil horrible thing to happen we asked the sheriff's office if the remains have been identified and how long the suitcase may have been in the area but investigators are not releasing any further information or a description of the suitcase and anything else inside which could give more answers to where it from came and how it got there near Whatcom County and Wynn. Questions continue to swirl around on the apparent disappearance of a Seattle restaurant owner. The Honey Hole has been something of an institution on Capitol Hill with its unique take on gourmet sin which is what staff tell me it has been going downhill fast Workers say they haven't seen Evan Bramer the owner in more than a week and the address he gave them for where he lives well that turned out to be bogus meanwhile they say their food distributors stop making deliveries because they say the restaurant wasn't paying the bills one employee who asked not to be identified says his co -workers kept this restaurant going and their reward was to not get paid everything for him while he basically sat back raked in as much cash cash as as he could and and hit the road everyone was really friendly the service staff was kind good at their jobs uh went above and beyond and it's a disappointment to see that they were let down in the process checks are bouncing from some people that i serve checks are bouncing they're closing at really weird times i mean now they're just not even open well workers also say the owner wasn't paying rent on the building we contacted the property manager to verify that claim but we're still waiting to hear back on that one that's como forest joel morano reporting police in linwood are out with a warning about a group of men accused of breaking into gym lockers stealing credit cards and using them while the victims are still working out police said that the thefts have been happening the past weeks few at multiple gyms across linwood investigators say that the suspects have been distracting staff in order to make way their inside the locker rooms and taking off with customers credit cards now officials with crime stoppers of pijot sound said the men are going to nearby stores to spend money before the cards get cancelled officials said that while people are working out they get a text from their bank alerting them about the purchases isaac solomon who goes to one of the gyms in the linwood area said that he's heard about these locker thefts and does what he can to protect his stuff i'm kind of shocked honestly but in a sense this is kind of common nowadays because i know a couple people who have gotten their stuff stolen here i separate have a pocket that i keep my keys my wallet and my phone in so i know exactly where it is at all other other gym members we talked to said that they bring their own locks but still carry their
News and Perspective with Tom Hutyler
Fresh "Cascades" from News and Perspective with Tom Hutyler
"East side your travel time from bellevue to brenton's at 35 least or 40 minutes and getting to the north end bellevue to evert is 45 minutes seattle to evert 55 minutes next northwest traffic at 304. here's the pugetown forecast sponsored by northwest crawlspace services yep gonna have the rain continuing tomorrow and through the weekend highs mid 40s on friday and saturday but we should the hit low 50s with some pretty soggy weather coming in on sunday mountain snow for a while this weekend and the then as temperatures warm up we're going to see a pretty big melt in the cascades by monday our downtown temperature now is standing at 45 degrees at 255 jp morgan chase warning inflation
WTOP
"cascades" Discussed on WTOP
"Is one great solution from the cascade Center for dental health and sterling cascades one is a revolutionary full mouth implant solution pioneered by Dr. Sriyash Ruparelia with cascades one you receive the highest quality full mouth dental restoration we do it all one doctor one office one price backed all by our amazing guarantee call today to learn more call 866 25 sleep or it's one .com let's get back to Bob Imler in the WTOP traffic center Prince George's Beltway and Largo on the inner loop slow getting to and passing Central Avenue exit 15 there is a crash along the right side of the roadway there so be alert on the inner loop for an abrupt slow down approaching 214 Central Avenue 95 in the Baltimore Washington Parkway you're doing alright as is 270 and there is no delay on 50 out the buoy Annapolis and the Bay Bridge in the district though listener found the crash it is southbound DC T95 before East Capitol Street and squeezing by to the left around that crash meanwhile things are in good shape up and down 95 BW Parkway and 270 and Virginia side pretty quiet along 395 and 95 and we are delay free on 66 both ways for over 35 years in the DMV Greenberg and betterment has helped clients win the compensation they deserve it as always pay no fee unless your case is won visit GBLawyers .com and feel better Bob Inler WTLP traffic. Alright let's go to 7news first alert chief meteorologist Veronica Johnson this weekend we're going to be picking up some scattered clouds but with ample amounts of sunshine and right now we are mainly clear temperatures
News and Perspective with Tom Hutyler
Fresh "Cascades" from News and Perspective with Tom Hutyler
"I -5 right around Marine View Drive. This report is sponsored by Beacon Plumbing. If you own a classic old home it could have old pipes. If they clog up, stop freaking and call Beacon. 1 -800 -FREAKIN or BeaconPlumbing dot net. Your next northwest traffic at 214. The weather outlook sponsored by Northwest Crawlspace Services and here's Kristen Plierke at COMO4. As a cold rain descends upon the Puget Sound lowland, snow is actively falling at the Cascade Mountain Passes. The snow minor initially tallying 2 to 4 inches by tonight but by Daybreak Friday that snow will become heavier and steadier off and on into Saturday Day easily totaling over 20 inches in the Cascade Mountains. But as snow levels rise to 8 ,000 feet next Tuesday that will provide the mountains with more rain than snow and an excess melting likely result to in river flooding next week. In the COMO4 Weather Center, meteorologist Kristen Clark. That's 45 with the rain in downtown Seattle Northwest News Time 206.
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"The North Cascades five -star accommodations outdoor recreation and impeccable culinary service Sun Mountain Lodge luxury at the edge of the wilderness visit us at sunmountainlodge .com for reservations and about learn Thanksgiving Christmas and New Year's Eve getaway offerings sunmountainlodge .com if you need a new roof windows siding or even solar I gotta tell you about a company that does it all for the exterior of your home high -performance homes you'll love working with high -performance homes because they'll give you three quotes to choose so from you can pick the right option for your budget and when the HPH team comes out to your home you'll get one of the most thorough consultations you'll ever receive from a home improvement company these guys will actually get on your roof go into your inspect every window you're siding they'll take pictures and videos educate you on all your options and give accurate you quotes right there on the spot down to the penny high -performance homes is known for their signature white glove red carpet experience with the high -performance guarantee and lifetime warranties take advantage of special in financing -house then save your spot on their install schedule today for your new high -performance roof windows siding and solar schedule your consultation at hphusa .com that's hphusa hphusa .com news radio 1000 FM 97 and streaming on your smart speaker your information station coming up on Northwest News Radio top Northwest stories
Morning News with Manda Factor and Gregg Hersholt
Fresh update on "cascades" discussed on Morning News with Manda Factor and Gregg Hersholt
"Meteorologist Kristen Clark. In Seattle right now 39 looks degrees like the rain is starting to fall in some communities and just some light showers so far today in Seattle people in Seattle Central District are on edge after two shootouts this week both happen your at Avenue. Data shows the amount of people shot in that neighborhood is nearly doubled this year. Police are investigating Monday night shootings being possibly gang -related. SPD's African -American advisor says gangs are the filling voids left by an understaffed department. I blame City Council with that whole defund movement they put us here the bloodshed is on their hands Seattle just tied the city record for homicides King data County shows the number of people shot in King County this year is 46 percent higher than the five -year average and homicides countywide are up 59 percent. As Como Force Preston Phillips there will be a community meeting to discuss violence in the central district tonight at the Garfield Community Center it starts at six o 'clock the people suspected of carjacking a woman at a Newcastle Safeway yesterday have been caught 16 and 21 years old her white Mercedes also recovered it was in Renton police say the armed carjacking in Newcastle happened right in the middle of the afternoon with shoppers all around two people forcing the driver out of their Mercedes and taking off the driver was not hurt but that's not always the case in the recent upswing in October a man was killed in Federal Way when he was carjacked in an auto parts store police are also warning drivers to be on guard if you're in a minor crash investigators say there's been an increase in what they say are staged a accidents carjacker will rear -end another car to get the victim to stop in one case at the rent in Walmart cops say a driver and their children were forced out of their car at gunpoint como forest turns on for the second time this week thieves smashed their way into the American Mary pot shop in Wallingford police say they used a stolen red Hyundai this morning assistant manager Nathan Scott telling como for that people need to report suspicious things they see if you see anything in the streets if you see something happening don't just think it's not a problem everything's a problem if you're all the community right now unknown at this point how much product the thieves may away have gotten with there were about five or six people in the car they ditched it and took off an emergency a closure order was issued now the Washington State Department of Transportation has cleaned up a homeless camp in Seattle on Dearborn between 10th and 12th avenues the camp notorious for fires and crime drug use I've witnessed car break -ins I was not even here 24 hours when my car was broken into that woman nearby lives WSDOT tells Como News nine truckloads of debris and trash were hauled away from the camp on Wednesday. tackling the homeless problem is a big concern not just for Seattle Tacoma Everett and other westside cities but Also for Spokane where mayor -elect Lisa Brown says she wants to build up homeless outreach in her city. she spoke with KXLY and to work with nonprofit and for -profit developers to expand our housing supply. first up for her when she takes office in January the city is going to do a new count of the homeless population Brown that's says going to give her and her team a baseline to start from. some local military families will get help putting food on the table the group operation homefront giving them grocery gift cards today as many as 26 % of enlisted active -duty service members report some level of food insecurity that is more than twice the national average. we can't alleviate everything but we do try to give them support that they need around the holiday times to be able to provide the holiday meal for their family so they still can celebrate the holiday in some small way nationwide operation homefront will put meals on the tables of more than 14 ,000 military families at nearly 100 events across the country como 4's So long Highway 20 until next spring at least the North Cascades Highway that beautiful scenic drive closes tonight at 6 o 'clock it does so every winter because of all the snow November 30th is the second latest winter closure of the North Cascades Highway. I should say in the last decade that is second latest in the last decade an update on sports now from the Beacon Plumbing Sports Desk and Bill Swartz the Seahawks wearing throwback uniforms for Thursday Night Football. Silver helmets and royal blue jerseys
Crypto Banter
A highlight from Beginning Of The Crypto Bull Run? Or Is It A TRAP? (Analysis)
"Can you trust this Bitcoin pump? Is this the beginning of a new crypto bull run, or is this rally simply going to get faded like all the others? In today's video, we're going to be looking into the metrics which determine whether this Bitcoin price action is suggesting whether this rally is sustainable, and if so, what should we do about it as investors? It's clear over the past couple weeks, Bitcoin has been on an absolute tear. You can see in front of you, it's rallied from its range lows all the way up to 34k, which marks a whopping 36 % gain in the matter of just weeks. You can also see that Bitcoin has decoupled from equities, despite the stock market retracing, Bitcoin has been leading higher in tandem with gold, acting as some sort of flight to quality asset in the midst of geopolitical tensions but of course being aided by that Bitcoin spot ETF approval hype and also the Bitcoin halving narrative into Q2 next year. We can also see that crypto fear and greed is now at its highest level since December 2021, just one month after the 2021 all -time high was set in for Bitcoin. So clearly market dynamics have significantly shifted, retail is getting interested in crypto again, people are starting to get hyped, euphoric, excited but can we actually trust this rally or is it simply going to be faded? Let's dig into the data. The first data point I would like to reference is the open interest. Now open interest is super important because it shows us how much leverage is in the system. How speculative are people being? Typically when open interest is super high and Bitcoin is pumping, that typically indicates that it is a futures -led rally, meaning people are aping into perps trades in order to get exposure, typically a sign of market FOMO. When rallies occur with a low open interest this can indicate that it is more of a spot -driven rally and spot -driven rallies generally are more sustainable because when you get massive retracements you don't see a huge liquidation cascade which can cause really big drawdowns. You will see spot selling which of course does mean the material price decreases like you get with any kind of selling but it doesn't happen in that vicious pattern that you see when lots of leverage is built up in the system. So what can we observe about this rally? Well open interest is actually super low and after the peak was set in here open interest actually declined which indicates to me a lot of shorts actually got squeezed out of their positions or were forced to close their positions. This is in stark contrast to the other rallies we've seen this year, for example the rally in the beginning of August or the rally in the beginning of June because both these rallies happen in tandem with local highs for open interest. Look at the open interest levels here how high they were during these local peaks compared to now with bitcoin hitting new highs open interest is super low not seen since levels since may 2023. So that is a good sign that indicates that this rally may be slightly more sustainable than previous rallies. Another interesting data set that I've been looking at is the bitcoin CME futures open interest.
The Bitboy Crypto Podcast
A highlight from Bitcoin Price SKYROCKETS! ($50,000 By Year End)
"Whoo! We're feeling good today. It's a fantastic day to discover crypto. Bitcoin's pumping. We're going to kind of give you our reasoning on why we're seeing such bullish price action, and we had a special guest fly in last night in the midst of our live, our special Breaking Live. He's here today. How are you doing? You want to introduce yourself? I'm doing great. Yeah, I'm Joshua Jake. I've been here once before. Some of you might remember the episode, but Deezy texted me late last night that we were in a bull run, so I took the next flight to Atlanta, and I just showed up for the emergency press conference. We had to charter the Uber chopper, and TJ paid for it. It wasn't me. I thought about selling some Chainlink to fund it, but then TJ stepped up in a big way. TJ, I appreciate you sending the chopper. Always. Chopper for Josh. The bull run chopper. The bull run chopper. Hey, some people buy vehicles. I want aerial vehicles. I'm taking it to the next level. Yeah, why go on a road when you can just fly straight here? I don't know. I haven't been in a helicopter yet, though. I don't plan on it. Me neither. All right, well, let's talk about why Bitcoin pumped. It seemed like it was just a perfect cascading of all these little events, and we're going to break it down with some articles, of course. Then we got the BitLab specialist, Kelly on the charts. He's going to show you some key levels, but I kind of want to just share this tweet right here. This is kind of the catalyst here. The beginning domino effect here. The iShares Bitcoin trust has been listed on the depository trust and clearing corporation. This was kind of, all right, you read that sentence. Can it sound more boring? But then slowly the news started percolating. It's not as clean and simple as Tesla buys $1 .5 billion worth of Bitcoin. That's a simple, easy to understand headline. This was kind of, you got to read between the lines. Wait a minute. This name changed. Oh, so it's approved. Well, no, it's not approved. Oh, okay. I guess I shouldn't care. Well, no, you should care a little bit. Then the market started getting a little bit excited, and then Asia woke up. The Asia trading hours, once they hit. My theory is, and we're going to look at some numbers, kind of back this theory up. Shorts got squeezed, folks. There's a massive amount of short liquidations, and when there's a short that's closed, it actually ends up as a buy order for Bitcoin and just send it skyrocketing. What do you think of that take? I think it's pretty spot on. I think at the same time, we have all this hype coming back into the markets, and retailers kind of getting that FOMO edge. You're getting the good morning text, the bull run back, all the friends I haven't heard of from in about a year. But Larry Fink coming out and completely flipping the script, saying Bitcoin is a flight to quality last week. This all led into kind of this FOMO rally that we were going to be watching and breaking down all the on -chain metrics with you guys today. So I'm excited for it. It's some life back in the market, which I feel like we've all needed for the last three years at this point. But it feels good. It feels good to be back in the markets and see some green. Armie Piper has been in plenty of helicopters. That's how he afforded all that Chainlink. He's a jet setter, folks. We did a special live last night. I'm going to hover here just so you see how cool it was, how exciting. We have five guests all on at once. Yes, on the top left, you can see I was in an aquarium. I did a special deep dive with the whales, folks. I was swimming with the whales so I could bring you the breaking news. I'm trying to graduate from a minnow. You know, one day, one day I'll be a little piranha or something. And we got some really, really good Bitcoin videos coming out later today. You're going to want to check that out. Let's look at the market. Let's look at what is exciting. I do want to hit refresh just because the market is so dynamic today. Look at that pump. I don't know if I can remember the last time I've seen the entire crypto market cap be that close to 10%. The market cap has risen 8 .7%. TJ, what is your take on that? It's great to see green again. Great to see the market moving, volume moving and quick moves. I really enjoyed you guys looking at the level. We've been watching 32k for quite some time. There was a little bit of a volume gap there. And you guys, when you were looking at it last night, you could see as soon as we got close to it, it just ripped right past 32 to 33. It's making, let's make crypto fun again. That's where we're at. And yeah, it feels good to be back. And it is, it feels great to be back. I see Kelly's charts right now. I have this special window so I can see a sneak peek. You guys are going to definitely want to stick around with that. We're going to be there in minutes. Army Piper, you don't want to ride in the helos. I've been in DZ. Probably right. Probably right. I'm scared of heights. All right. Bitcoin, speaking of heights, Bitcoin putting in new heights for the year here. Let me shrink it just a tad. So you can see 11 .6 to the upside, a 21 % green pump for the week here. Ethereum, not that far behind folks. We are now coming in at 1813. Bitcoin at 34 ,000 by the way, two Ethereum's 10 pump 8 .2 % XRP pump also 8 .2 % and then also pretty close Cardano at 8 .8 % Solana, a little bit of a cool down here, but when you look at the weekly, it is up 32 % here. Once we started going a little bit lower doge is a little bit less Tron's a little bit less polygon, a wrap Bitcoin also moving with Bitcoin, but now we're about to get to the exciting part. Josh, I know you're ready for this. I did a little sneak peek. I'm having a short form video come out on this top gainer. I'm explaining why is it pumping? What is it? What is even to do? Talking about Mina protocol. This is a coin I first was talking about in February of this year. And I was telling you folks, Hey, you know, I remember the thesis and TJ, wasn't the best thesis, Josh, you know, I don't recommend people buying. We met an actual Bitcoin billionaire. And he said, Oh yeah. You know, we asked him, well, what's the one coin you're looking for? He's like, Oh yeah, just Mina, zero research. I was just me following the whale. Hey, you saw me in the water last night. I followed the whales folks. And if you bought, then you were in the green. It's looking good. And then if you were like TJ and bought the dip, I think TJ, you got in at Mina as low as what, 40 cents, 40 cents. Yeah. 40 cents. We're now coming in at 80 cents. So Mina look at this pump, baby. 91%. It was a hundred percent. At one point, it was 120%. I was looking at the volume. Mina's volume is up 18 ,000%. 18 ,000 % there, Josh. It got added to, if you're wondering why pump obviously the Bitcoin pump, but then it got added to up bit and bit true. So I think that that's a large reason. Then we have conflux. Conflux is up 40%. Pepe. We were talking about Pepe on the stream last night. Pepe is up 27%. Josh, what do you think of Pepe moving up? Oh, nearly. It was 30 % at one point. Yeah. So if you actually look at the entire meme category, but Pepe is going to be the leader in that space right now, all of the alt coins and meme coins, traditionally, when you get a big pump and Ethereum, you're going to see the gas fees go through the roof. So if you actually look on CoinMarketCap, I don't think my screen's on the screen here, but if you look at the top of the page on CoinMarketCap or CoinGecko, you will see the gas fees rising massively. They actually hit 45 way last night. So when that happens, it starts costing a lot of retail, a couple of hundred dollars per transaction. And a lot of those tokens are going to move pretty exponentially. So Pepe's leading the industry today here. Hit 46 % rally this week. Does that mean we're going to see all -time highs? I don't necessarily believe so. But hey, the meme coin market sees some life to it. And because of the high transaction costs, generally, you start to see meme coins see a little spark back in their life. Yeah. Basically, it's all momentum -based. When you're talking about meme coins, it's a lot of momentum -based. That's why it's so hard to turn around that downward sloping action because it's a lot of momentum to turn that car around. Well, we have Injective is up 17%. Rocket Pool is up 15%. Flow, the Flow blockchain is up 14%. And then Rollbit still has some good gains here. It is up 13%. Congrats to the people playing the crypto casino. You know someone got in that crazy 1000X short or long at the right time. That crazy 500X long. CoinTelegraph. Hello? It was the CoinTelegraph intern.
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"The cascades as a cold front comes through our downtown temperature with some drizzle 51. news radio 1000 fm 97 7 your information i'm rick van size taylor van size at the editor's desk here to check on our headlines house majority whip tom emmer is dropping out of the speaker race just hours after being nominated the minnesota republican to failed rally the necessary support from his own party as more than two dozen republicans opposed his bid for the fbi documents say the off -duty alaska airlines pilot who allegedly tried to shut down the engines a on jet bound from ever to san francisco admitted to authorities he tried to pull the emergency shutoff handle he thought the was dreaming share what came to light from this recent court ruling in colorado and and how is it that our web search history could wind up in the hands of police agencies yeah so as you said google collects all kinds of information about what we do even when we're not actively using google search or maps or other things on our phone and there's a couple of novel still novel investigative techniques that police are using that involves google data and one of them as you mentioned is basically a sweep of anyone who searched for a particular term or keyword word that police believe might be related to a crime so the one that came up in this recently there was an arson several years ago that killed five people in the denver area and police essentially asked a judge for a warrant served to google for anyone anyone who had googled the street address of the home where a fire occurred and that swept up people who were charged with the crime but also several people who were not connected with the crime but happened to google that street address of the home fire and related street addresses in other states now i have no intention of committing a crime but i use google every day if i'm googling details movie around halloween suddenly a man in a hockey mask goes on a rampage in my neighborhood the reality is that any police warrant is overseen by a judge or at least the initial process is overseen by a judge and the judge at least is supposed to say no it's too broad if you're looking for anybody who googled scary that halloween mask may not be allowed not a lawyer so i can't say that for sure but i would think that that would be an overly broad term but look what some defense attorneys say is essentially by looking for one person or a handful of people but asking for google data on potentially scores or hundreds of people through what we search or our whereabouts as we go around the world with our phones kind of a perversion of american's constitutional protections against unreasonable government searches and seizures. Is this something that google tells users they're doing when we make a web search? uh interesting not directly i mean i think understand viscerally right that if if we're accused of a crime or if we're a victim of crime the police will with warrants will go looking for evidence of that crime including you know getting warrants to search in a potential suspected email account or search their home or their car or their phone data you know those kinds of individual warrants based on uh to search information on an individual who is suspected accused or charged with a crime i think we sort of understand that that's the deal right with any kind of data or our possessions i'm not sure that people understand that is the implicit deal we make with google and other companies that have our data for these broader investigative scale techniques that scoop up data on sort of the innocent and the uh and the potentially criminal alike shira ova with us on northwest news radio reported from you find out can how to protect yourself from google collecting your data online at washingtonpost .com and that interview with northwest news radio's taylor van charts dot com money update here's jim chesco business remains strong at microsoft the software giant after the market closed reported quarterly earnings and revenue that handily topped expectations with that avenue figure fifty six and a half billion dollars up a sharp thirteen percent year over year it continues continues to see impressive growth in its cloud services in response microsoft shares erupt in after hours trading another day another expansion of the united auto workers strike against detroit's automakers the union today directed about five thousand members at general motors arlington assembly plant in taxes to hit the picket lines stocks posted solid gains overall however the s and p five hundred rose thirty points the dow industrials moved up two hundred five and the nasdaq composite gained one hundred twenty one that's your money now at your money news here at twenty and fifty passed every hour and they say you can sue over anything even more about that next need the best news coverage on your device down the northwest news radio from your app store today stay connected stay informed on news traffic and weather with the northwest news radio app from am station thousand information
Coronavirus
A highlight from Chat: EtherFI eETH Restaked LST with CEO Mike Silagadze
"Welcome to Ethereum Chats. This is our new interview -based series. With us today, we have Mike Seligadze, CEO of EtherFi, which is a non -custodial delegated staking protocol with a liquid staking token. Mike, thanks for joining us. Thanks for having me. It's great to chat with you. I know EtherFi has been around for just under a year. Can you give us some background on who is behind EtherFi, when did it start, and what were you working on right before you launched EtherFi? We announced our seed round back in March, so it's been about six -ish months, and that's pretty much how long we've been working on the project. And we had some great investors, we had 35 different investors participate in our seed round led by NIB Chapter One and some well -known angel investors in the crypto space. The motivation for starting EtherFi and what we were looking to accomplish was to build a protocol that was non -custodial, in other words, a protocol where the stakers get to hold their keys, which actually may surprise some people, that's not the case with most other staking options on Ethereum. And then the second important component of EtherFi is that it is natively restake. Restaking is a very hot topic now, and we were pretty excited about it from the very beginning. Our liquid staking token is natively restaked on eigenlayer. That just means when you stake through EtherFi, it automatically gets restaked and you get all the benefits of that. Prior to that, myself and a few other folks on the team were working in kind of the web 2 .0 space for a while. We built a pretty sizable business in the education technology space of all places and sold that and then decided to switch gears and focus on crypto. There are many different components to EtherFi. You have an institutional part, you have a retail part, you have Etherfanned, Liquid Staking NFT, there's Operation Solo Staker. Can you give us a high -level overview of EtherFi and the different components that make up EtherFi? We're actually going to be, by the time this is out, we will have already announced the launch of our liquid staking token. That's something we've been working on since the beginning. We're launching the eeth liquid staking token that's natively restaked, and that is going to be the most important or the easiest way for anybody who wants to stake with EtherFi. All you do is go to our website, ether .fi, and stake your eeth, and you get your liquid staking token. That's it. It's very simple. There are other components to it that if you want to get involved at a deeper level, Operation Solo Staker is something that we launched and we're very proud of, which is the ability to, our program to help subsidize low -cost staking machines for people to run distributed eeth nodes, and that allows people to apply and we'll basically give them free staking hardware and eeth that they can stake in exchange for their willingness to run eeth. So we've had a huge number of people sign up to Operation Solo Staker to run their stake eeth, and now we're in the process of rolling out those machines and those nodes. In addition, I guess we also have a project that's built on EtherFi called EtherPan. It's an NFT collection backed by StakeEeth, which is a fun gamified way to stake. To wrap our heads around EtherFi, to try to compare it to maybe some other protocol, who would you say is your closest competitor to help us compare EtherFi to other protocols out there? Yeah, so I think there are a number of options for staking on chain for DeFi native staking. Obviously everybody knows RocketPool and Lido. Those are the biggest players in the space. In some ways, from a user standpoint, it works similarly. You show up to the website, you put in your eeth, and you mint the liquid staking token, or you can just buy it on chain. So it's the same user experience. The difference for EtherFi is two things. One, and this is depending exactly how you stake. As a staker, you're relying on stakers to control the keys, in particular the validator keys of the Ethereum nodes. That's a huge difference, and I think that removes a lot of tail risk, let's say, from the staking process, because you're not having to trust the protocol or the node operator that's running your validator to do what they're supposed to do. Instead, it's just controlled by the protocol. The second thing that is unique and interesting about EtherFi is that it's natively restaked. So with other protocols, but in particular RocketPool and Lido, you do, if eigenlayer uncaps it, you have the ability to go to eigenlayer and restake that eeth. The challenge is then that eeth is locked, because you're basically, you're depositing it into a contract that you're not getting any kind of receipt token, so you're locking up your staked eeth, which kind of defeats the purpose of liquid staking, because why have liquid staking in the first place? Whereas with EtherFi, your staked eeth is automatically restaked, then you get to go and use your liquid staking token, in our case eeth, in other DeFi protocols. Diving into one of your first initial products is delegated staking, where the staker remains in control of the validator keys. I want to dive into the types of validator keys and the roles that they play and why this is important. So there's two types of validator keys, the validator key itself, also known as an active key or sign -in key, and this is a hotkey that signs on -chain attestations and proposals. And then secondly is a withdrawal key, which is used for executing a partial or full withdrawal. When someone stakes an increment of 32 eeth on EtherFi, and that eeth goes to a node that wants to operate the node to spin up a validator, so can you walk us through the EtherFi application? You have an application where you can generate keys offline and remain in custody of those keys as a staker? Yeah, you pretty much got it. There's a couple of nitpicky things that you said that are not like 100 % correct, so maybe I'll reiterate them. Imagine you're not looking at a staking protocol. You're just, you have 32 eeth, you want to stake it and run your validator. What you would do is, and I'm simplifying this somewhat, but you would decide which address is your withdrawal credentials. So that could be your wallet or it could be a smart contract, like a NOSIS safe or whatever. So that's your withdrawal credentials, so to speak. You basically say, okay, here, when I exit the validator, here's where I want the eeth to come back to. So that's the first set of credentials. The second set of credentials that you need is the validator key. You mentioned it exactly correctly, that this is supposed to be effectively an online key, like it sits somewhere on your validator server or assigning server that is actually used to test the blocks and sign blocks if you're proposing them and all that good stuff. Now, the tricky thing is the withdrawal credentials do not give you the ability to exit the validator for now, at least, and probably for another year or two, assuming there's any IP gets implemented that allows it. So it would bite over a rocket pool as well. If you're running the validator, the withdrawal credentials point to a smart contract and there's a bunch of smart contract protocol logic that gives you some level of custody over that eeth. In other words, assuming the protocol is working correctly and eeth shows up in the withdrawal address, you will be able to pull it out. Now, the problem occurs in that you don't control the validator key and so you don't actually have the ability to force exit a validator to get your eeth back because the validator key is not on the execution layer. It's controlled by the node operator. So when you go to, let's say Lido, for example, to withdraw your eeth, you put it in steth and say, hey, please give me my eeth back. Effectively, it's a voluntary process for the node operator to return the eeth. The node operator voluntarily on request will exit a validator, the eeth shows up, and then you get your request fulfilled. There's a buffer there. Obviously, if there's a run on the bank, so to speak, where there's a lot of requests coming in, that buffer gets eaten through and then you're basically, you're queued up hoping that the node operators volunteer the eeth back. So that's the challenge. With EtherFi, it's different. The staker, the person who is staking the full 32 eeth puts up a bond, and then they have an economic incentive to return the eeth when asked. Specifically, if they don't return the eeth, then their bond starts getting slashed. There is a smart contract mechanism that creates an economic incentive to force the holder of the validator keys to exit the validator when requested. Maybe you can tie in Operation Solo Stakers to this. When someone deposits 32 eeth, does that go towards Operation Solo Staker where they can spin up the node and validator? So we have both trusted and trustless node operators. The trustless node operators are solo operators, and those solo operators get a shard of the validator key. We use DVT, specifically we're partnered with Obel, we use DVT to divide the validator key so no one node operator has a full copy that prevents them from doing things like slashing or holding the eeth ransom, so to speak. So that's the way the solo operator gets involved in staking the eeth. We also have trusted operators, which are the same kind of large operators that, if you're familiar with the operators that are out there, the same ones run nodes. For us, if you're coming in with a whole bunch of eeth that you want to stake with a trusted operator, you're able to do that through EtherFi. To summarize here, so you need both keys to initiate an exit, I think it's the validator key needs to initiate it, and then the withdraw goes to the withdraw credential address. The node operator holds, you already mentioned, those kind of two powers, which is one is holding the keys hostage and two is maybe being malicious and having the stake being slashed. staker Can the initiate a withdraw at any time? The staker can. Yeah, correct. The staker can just, if they have the validator key, they can just exit whenever they want. And then once that exit has gone through, then they're able to pull the eeth out. And that's because they have access to both keys. It's unlikely that the nodes would hold the keys hostage because it's DVT, so it'd have to be like a few nodes to that would collude. Yeah, they'd have to collude, which would be hard because they don't know who the other operators are. Look, there's ways to get around it. There's always vulnerabilities with the protocol, but there's enough defenses in place that it really just makes no economic sense to attack the protocol from that direction. To recap, Operation Solo Stake, I believe that was like a pilot program. They ran DVT nodes. You provided them with their, I guess, DAP node, generously provided the hardware, EtherFi. I believe you guys provided the stake, so they had no capital requirement. Can you walk us through the program? Who participated? How many nodes? What's the current status of Operation Solo Staker? Yeah, so we have, there were I think 700 or 800 people that applied. We have two validators that are running. The reason it's only two rather than hundreds, which of course, correspond to the eeth that we've got, we've got stake, is that the DVT and the DVT tech that supports Boost is not fully baked yet. We are working with Obol and the node operators to literally help get this tech deployed on Mainnet. I believe we're very close to doing that. It's something we've been working on for months. Once that's fully baked and ready to go and we're comfortable with it, then the plan is to deploy a few hundred more nodes that are going to be in diverse geographic regions. Today, about half of Ethereum validator or half of Ethereum nodes are based in just two data centers, one in the US, one in Germany. And this presents, I think, a pretty significant centralization risk for Ethereum. And so getting a whole bunch of nodes out there in diverse geographic regions is really valuable. These participants have committed to operating those nodes for two or three years, and they are rewarded with the staking rewards. Tying this into the liquid staking product is just kind of where EtherFi is headed to scale this program out, where, say, I deposit ETH into EtherFi, I receive ETH back. Does that deposited ETH go towards this program? So we have a staking router that will direct it across solo stakers and trusted operators. I can pretty much guarantee that the majority of it will go to solo stakers. I'm not 100 % sure if it's going to be all of it, but yeah, we're still trying to figure that out. But yeah, there's a staking router that allows the protocol to determine what percentage goes to solo operators versus trusted operators. Jumping into the eETH liquid staking token, which you guys just announced, can you give us the kind of 101? What is eETH? Is it a value accruing? What's the APY? Yeah, so eETH is a liquid staking token that's natively restaked, meaning all the validators that eETH spins up go through eigen layers, eigen pod contracts, which gives you all the benefits of being restaked and restaking in eigen layer. And the eETH token specifically is a rebasing token, meaning it's always going to be equal to one to one with eETH. And then we have a W token that is a value occurring token, which obviously has a bunch of benefits from the same point of tax implications and integration into other DeFi protocols. Really, the only disadvantage of the value occurring non -rebasing token is from a UX standpoint. You'd be shocked at how confusing that is for a lot of users, because when they go to swap their eETH for a liquid staked token, when they see that they're swapping one eETH and they're not getting one of the other tokens back, it's very confusing. And people often think that they're losing eETH by staking it. Again, I know it's probably for a lot of DeFi savvy users, that sounds bizarre, but you'd be shocked at how common that issue is. So anyways, eETH is a rebase token that's just always going to be worth one to one. Is there a purpose towards going with the rebasing token and then also having a wrap token versus just having a accruing token to begin with? Yeah, so eETH gives you that really easy UX. If you're just looking to stake the token and not really do anything else with it, then you just, you could do that with eETH and it's very simple. Or the centralized exchanges, you know, just be the same kind of thing. So you've got to have both. The benefit of the wrapped eETH token is that that's the token that will be used in terms of other exchange integrations. So yeah, that's something that we know is important. And so we're focusing on a lot of DeFi partnerships that we're going to be rolling out. Yeah, I believe it. It makes it a little easier when it's accruing to integrate with various DeFi protocols. And then diving into eigenlayers. So this is the first time I see the term native restake LST. So right now, to provide some context, with the caps permitting, you can deposit our eETH, CB eETH, and ST eETH into eigenlayer. And you don't receive anything back yet. It's just locked. What is the process with eETH? So you said when a validator spins it up, it's automatically deposited into eigenlayer. So there's two ways of restaking an eigenlayer. The first way is to take an existing liquid staking token like ST eETH or REETH or whatever, and to deposit that into eigenlayers contracts. And then obviously, the downside of that is you're not locked up your eETH for that period of time. The upside of that is you're restaking. The other way to restake into eigenlayer is to do what's called native restaking. And that means when you actually physically spin up a validator, and you point your withdrawal credentials that we talked about earlier, your withdrawal address to the smart contract to the eigenpod smart contract. And so that's what native restaking is. To do that, you need to have 32 eETH and you still don't get your liquid restaking token if you just did it yourself. The advantage of doing it with eETH is it's natively restaked. So all the validators that we spin up point to eigenpods. So that's a benefit. And you get eETH as a liquid token that represents that restaked eETH. That's the advantage of doing it with eETH. The only other thing that I'll say is native restaking is a better, I would almost argue, a much more sensible way of restaking because when you're natively restaking that way, you are able to directly provide that eETH as a restaking collateral for whatever services are being run on eigenlayer. In other words, that eETH can be slashed directly by the smart contracts if the validators, the services that are being validated misbehaved in some way. So simpler that's and more correct as far as restaking goes. Whereas if you were restaking with a liquid staking token, you almost need the validators or someone else to provide some other kind of collateral to enforce that slashing mechanism because the restaked eETH, there's no way to point to a specific validator. If you take 100 STE, for example, and restake it in eigenlayer, you don't know which validator is running that STE. So there's no way to slash that particular validator. So you almost need another sort of mechanism, another validator or another bond to be put up that can then be slashed so that those validators can be convinced to behave themselves. So I think longer term, the only kind of restaking that makes sense is native restaking, but naturally you want to bootstrap the network and so it makes a ton of sense that eigenlayer allowed people to restake with existing LSTs. Let's talk about withdrawals. Does doing this add any burden towards withdrawing the staked eETH? The answer is I think yes, but what do you mean exactly? We can start with eETH. So I can deposit eETH, receive eETH back. Is there a redemption mechanism for eETH? This is similar to other LSTs where there's a buffer. So there's a pool of eETH that if, you know, if there's a thousand eETH in the pool and you go to withdraw 10 eETH, you'll just get it immediately. You're not going to wait. It just, it gets redeemed immediately. That's nice and simple and that's what we, we want to make it easy for people to mint and burn. It also helps with on -chain liquidations and liquidity. So that's what the buffer serves. So for the average user, we're going to have the ability as a protocol to manage that buffer so it never drops below a certain threshold. So for the average user, you're just going to be able to instantly go in and out of the pool. There's not going to be any additional fees or complexity or whatever. If, for example, there's a thousand eETH in the buffer pool and someone comes in and says, okay, I want to withdraw 5 ,000 eETH, then we have a queuing mechanism. So you would queue up to withdraw that to that eETH and that would then initiate a fulfillment process, which triggers exit requests on the, the oldest validators in the, in the pool. And then those exit requests then have to be fulfilled, which cascade initially to the consensus layer where the, which triggers a validator exit, then the eETH shows up in the eigen pods, and then you have to trigger the exit on eigen layer. So it's cascading mechanism and depends on the, depending on the withdrawal queue, that's what we determined how long it takes to fulfill a very large exit request. So that's what I meant. One additional withdrawal process, which is withdrawing it from eigen layer after it's been withdrawn from the consensus layer. Is it seven days for eigen layer to receive stake eETH back? I think that's right. I don't recall it exactly off the top of my head, but I think you're right. I think it does add an extra seven days. Is the primary purpose of having native restake eeth on eigen layer for additional yield? So right now there is, there are no services that are running, so you're not getting any additional yield for, for restaking on eigen layer. So one may ask, why would you, why would you do it? Why not just wait until services come online? And I guess I'll let the audience speculate about what some of the benefits are restaking in advance of the services that are online. I believe you mentioned there's no fees for redemptions. What's the commission rate for eETH? Yeah, similar to Lido, it's a 10 % total. 5 % goes to the node operator and then 5 % goes to the protocol. So you're getting 90 % of your staking rewards. And then you anticipate adding MEV once that's ready? Oh, that's already online. MEV is already part of the deal. And then long term, once eigen layer AVS, actively validated services, are online, that will be, will that be an additional yield boost to the liquid staking token? Yeah, that is, yes. I mean, I can't imagine what else it would be, but either it would be in eETH or whatever native token the service operates with whatever services is being used to validate it. So that will be basically a boost that goes back to stakers. You're probably going to hate this next question and you've probably seen it a thousand times or we'll see it a thousand times more, but I think your recently released decentralization roadmap answers it, which is when token. And so you mentioned governance, so that must mean a governance token. We haven't announced anything at this point. We've been very clear with our community and users that like, look, you shouldn't be using this protocol just because you want an airdrop because we're not promising an airdrop and we're not promising anything specific if there were to be an airdrop. Use the protocol because you like that it's pro -ethereum decentralization, that it's super non -custodial, that it has all these other benefits. It's something we're thinking about, putting together a DAO with governance and all that. A lot of protocols operate that way. There's a lot of drawbacks to DAO governance, which we're well aware of. We're taking that into consideration. I guess that's a very vague answer, but that's the best they can give at this point. So you're anticipating governance. Are you able to talk about what would governance control in the protocol? I assume governance would have a say in which AVS services. Yeah, there's a lot of parameters. It's like how much of it goes to solo operators, how much of it goes to trusted node operators. Yeah, which AVS is, what percent gets restaked. So in other words, do you want to restake 100 % or do you want to restake 50 % or do you want to give people a choice? Fees, there's a lot of different parameters. All of those would be controlled through a governance mechanism. You also mentioned in your roadmap, the ossification of your smart contracts, having them non -upgradable. I won't mention timelines because it's always difficult to build in public, but can you speak to the end game for EtherFi? Yeah, I think that's the trusting governance is almost like a failure, right? You ideally don't want to trust governance. You should just be able to trust the code. That's been the philosophy, let's say, for Uniswap from almost day one. They don't have upgradable contracts. They just audit them very aggressively and do a lot of work and then they publish it. And then you have a V1, V2, V3 with, I guess they have a P switch and a few other parameters that can be tweaked. So I think that's the right approach. Ultimately, that's what one should strive towards. We're not there yet. I mean, the restaking in particular, those contracts are changing a lot all the time. It would make no sense for us to implement them and not be upgradable in case something changes on the eigenlayer side that requires a change on our end. So there's a lot of work still in flux and we need to accommodate that. Covering some things we didn't cover. One is, you did mention the Ether Fan NFT. I won't dive into that. There's many intricacies to it, so you can be very strategic. I think that deserves its own episode. But what would you say are the three most important things that someone new should know about the Ether Fan NFT? So the Ether Fan NFT is just wrapped e -eath, which maybe raises the question, like, how can you have an NFT that wraps e -eath if e -eath wasn't launched before? So the answer is that actually was launched. That e -eath actually has been live for a couple months now, but it just had a couple of some restrictions on it, which will be removed once e -eath goes on to mainnet. They're just a wrapped LSD. So the NFT accrues e -eath as the staking rewards accrue to it. It also accrues loyalty points that can be used for a variety of things. So we've been playing around with games like auctions, different kinds of auctions and raffles and other sort of fun, fun stuff. It also accrues membership tiers. So as you stake for a longer period of time, your membership tier increases and therefore you get higher, higher staking rewards. So that's that's where the value comes in. It's basically gamified way of staking. That's going to continue to be around as an option for people who want to wrap their e -eath and participate in this NFT community. Or if you're just like a DeFi degen, you just want to get your restaked LSD and take leverage on it or use it for other purposes. You can just do that. You'll be able to easily do that with e -eath directly. If you're interested, you can check out ether .fan. It's a dedicated page for that. So right now you can mint an ether .fan NFT. You can apply to be a solo staker as part of operation solo stakers. It's not necessarily permissionless yet. You just launched the e -eath on testnet. Do you want to talk about the testnet launch? Yeah, so that's the main net launch is going to be the first week of November. Initially it'll be whitelisted and then the second or third week of November, the whitelist will be removed and it will just be wide open to everybody. But the testnet is now live, so you can go and play around with it. It's pretty straightforward, but you can just play around with it and try it out to look at the code, get some level of comfort with it. And that's what's available as of today. Is there an APY rate once it launches? I guess on the NFT, is that the APY rate for e -eath? Yeah, pretty much. There's different membership tiers. I think these days it's like 3 .6, 3 .7 % last I checked as far as the staking of rewards plus a net boost. You'll get the same APR plus loyalty points and all the other fun stuff. And then for next year, 2024, you're planning to have a permissionless launch. Can you speak a bit about the permissionless launch with Obul DBT? Yeah, the most important thing is to allow people to just sign up to be a solo node operator and to be able to do that, we need to integrate DBT natively into the protocol. Right now, it's, I guess you could say manually integrated and once that's done, then anyone would just be able to sign up and get their shard of the validator key shard, start running the validator and start getting a share of staking rewards.
The Breakdown
A highlight from SBF Trial, ETF Progress, JPM Onyx Milestone: The Crypto Weekly Recap
"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 Saturday, October 14th, and that means it's time for the weekly recap. 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 at the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy weekend. Today, I have another conversation between Scott Melker and I. This was recorded yesterday morning, and there are a couple of things that I think you will find valuable in here. One, although we do spend a fair bit of time on the SPF trial, as opposed to just giving the play -by -play, which I've been doing on the show, this is a lot more a subjective reading and interpretation of the events, what they mean for the industry, what I think we learned. So in true weekly recap fashion, I think it does a little bit more of that. Now, the second topic that I think will be of interest to a lot of you is JP Morgan and real world assets. We had some interesting news there. And finally, there is a little bit of ETF intrigue and what might be happening on that front. So friends, I hope you enjoy this. Let's dive in. NLW Men, how are you today? I am good. I'm having a great week, better than a lot of the weeks of people we're going to talk about today. I'll tell you that. For sure. I don't think Sam's having a great week. And there's someone else we have to give an honorable mention to who's finally having a bad week. And that, of course, is Steve Ehrlich from Voyager Digital. You guys may not have seen this, but he's being sued by the CFTC for fraud, for neglect, negligence of customer assets, for lying about FDIC insurance, for taking risky bets while saying that customers assets were safe and they were only taking safe bets. He told this to me personally via text message and phone and on interviews almost until the last day. I was unable to withdraw crypto unlike everyone else who could have gotten their assets out because Voyager had done me a favor and put protection on my account that they refused to lift for two months that I asked them to when I saw problems with Celsius. I have a personal feeling about this, but I think the worst part, and Nathaniel maybe is someone who's slightly outside the situation, give me some perspective, but the worst part is that everybody knows that Voyager declared bankruptcy to protect the executives from criminal charges, right? It was pretty clear at the time they could have just liquidated the assets. We would have gotten roughly 75 cents on the dollar, but instead to protect themselves from suits that had already been filed so those would be erased and suits they knew were coming, every insider knows this, they decided to declare bankruptcy. We ended up getting back 35 % of the assets, but really 24 % of the value on the day that it happened. This is a civil charge, of course, so he still is criminally protected, but to see him get in trouble anyways after doing all of that to us just to protect himself gives me extreme mixed emotions. I mean, how do you view this as like, I guess, a third party who was not luckily a creditor to Voyager? Yeah, so a couple things. One is I think that this is going to get us nicely into, I think, the SPF case as well. The consequences for this set of executives is incredibly important for the evolution of this industry, right? And I think that the mixed emotion of it probably should have been worse, but at least there is this set of actions which could result in not just penalties financially and things like that, but real prohibitions on what this person is able to do in markets in the future is important. I think that for a little while, and this is sort of, again, a preview of what I'll say about about SPF too, for a little while, I think that the crypto industry is going to have to just deal with the fact that there is more evidence that it's just sort of full of scams and frauds like the critics have always claimed. But in the long run, what these cases are actually serving to point out is that it's not just the industry being inherently or a priori dirty, it's specific people making specific decisions to lie, to commit fraud, to change balance sheets, to do things that regardless of the industry would be fraudulent, would be criminal. And ultimately in the long run, especially as a new wave of actors comes in, both from the traditional financial sector and a new class of entrepreneurs who are going to specifically, I think, position themselves as the opposite of this generation of folks, it will be important that we have on record that what happened was specific instances of fraud and criminal behavior, not just that's what happens in crypto. It will also be really important as a deterrent for future actors who come in to realize that there is punishment for these actions, even if it's in the unregulated wild west of crypto. Yeah, listen. That's a very important part because we've seen Mashinsky, we've seen SPF, of course, maybe BlockFi, we haven't seen anything yet. I don't know if there's anything to see there, but it is nice at least to see this in the press and that people don't see Ehrlich completely skate by as if nothing happened and there was no dereliction of duty here. What's crazy is the guy hasn't spoken a word since any of it happened. And he had a statement today, the talented management team at Voyager created and maintained our platform in full compliance with the existing regulatory structure. Our team consistently communicated and worked closely with our regulators when literally everybody knows that the risk management team was just left out of every decision. There's been reports of it, that it was literally like, Steve decides we need yield. We're going to go do this. It's Steve. Everyone said that. And so like, listen, his quote is the exact one that his lawyer would write up, obviously, and send out on a PR release and then we won't hear anything else. But these people have to at least be punished in the court of public opinion, even if it's not a huge fine or if he has no money or if he doesn't go to jail, people need to see this in the press. I mean, we saw how much of American politics, like the broad American politics was shaped by the lack of consequences for the financial industry in 2008, a huge part. You're talking Occupy Wall Street on one side. You're talking about the Tea Party on the other. This was a major, major impact because I think that many people who have kind of a historical point of view will point to this as one of the single biggest failures of the Obama administration to not hold to account that group. So yes, it's brutal to live through right now, but it is an incredibly important exercise dredge to actually up and figure out who needs to be held to account for what happened in the space. Yeah. I can't really tell if it's cathartic or just makes me angry and triggers emotions again, but either way, I think it's a good thing and that has to be our natural segue right here into what's happening at the Sam Bacon free trial. I actually signed up for the Wall Street Journal just to keep this update going on the recommendation of Misha, the producer. Never thought I would have a Wall Street Journal subscription again, but it is really great that they're just giving these constant updates on what's happening here. But nobody's better probably for giving the constant updates on what's happening here than you. Let me flip it around to you though. I was thinking about this. I would love, same way you asked me for kind of outside context, I have a lot to share sort of that has a little bit of insider perspective. What's your big broad strokes impression of sort of this testimony this week from Caroline and where it leaves things? Well, to be clear, I don't think it's really anything new. I think that a lot of it aligns with the assumptions that we had of how things were going. There's been previous articles extensively about the misbehavior there, the alleged fraud and all the things that were going on. But to hear it from the horse's mouth, so to speak, is really impactful. And so the levels that they went to just work outside the system to commit fraud, to lie to existing lenders, to lie to potential lenders, to lie to customers. It's very, very clear that this paints a picture of him as an outright criminal mastermind from day one. It's impossible to even look at his effective altruism without looking through it that lens. It really seems like as kind of ADHD and Ritalin and Adderall dependent that he was and all over the place, that there was a very direct focus on a goal that he had and he was willing to do anything to do it. They kind of talked about his utilitarian side of it and that he could lie and nobody else could because he had a goal. I just think from the outside, it's exceptionally clear this guy is guilty. He should go to jail forever and they should throw every book they have at him to make sure that nobody tries this again. Yeah. I think that the story is getting unbelievably clear. And to your point, a lot of it is what sort of has started to become working assumptions from the crypto industry, but that has really been articulated now. So if we look at last week and Gary Wang, I think that the biggest impact on the jury from that testimony will be how early these sort of activities started. Gary being asked to code the ability to the negative accounts all the way back in July of 2019. Gary kind of walking through that first Alameda was allowed to withdraw up to FTX's revenue, which is $150 million, and then that was increased to a billion, and then that was increased to infinite, $65 billion. That story. So we sort of got the dispassionate version of the story that's just, here's how Sam directed this to be put into code, the use of customer money. What we got from Caroline this week is how explicit it was, how acknowledged it was that this was customer money, how she knew throughout. And it was, you know, by all accounts eating her, you know, sort of psychologically that she knew that that was the only source of revenue. And so, you know, it was a hole that she was just directed to keep digging deeper and deeper and deeper. And I think that the sort of, you know, if Gary kind of gave the timeline, what we got from Caroline's testimony was that, to use your word, Sam really was the mastermind determining this from day one. It seems very intentional that it was the four people, you know, the three who have turned basically state's witness and Caroline who knew what was going on, that Sam always called into these meetings. And Trabuco, I've got to be in there, man. I don't know where this guy is, but we can talk about that later. Go ahead. Yeah. Yeah. And I think that the, you know, so you sort of have a dispassionate set of behaviors that are articulated. Then you have sort of a lot of color about Sam. You know, I mean, listen, Sam's, the argument that he didn't know what was going on was completely blown out of the water this week. And I think that the additional layer is we really started to get some worldview kind of color that I think will help jurors explain or understand how this could be. You know, Caroline explained something that had widely been my assumption, which was sort of an ends justifies the means kind of thing, that Sam held himself as fundamentally separate from the rest of the world. You know, this is sort of the biggest, angriest moment in the podcast that I did right after the whole thing went down, where I kind of imagined Sam sitting there, even now, as he had been caught, thinking the rest of the world was just too stupid to take power the way that he knew how, rather than all of us understanding that every day we're confronted with these decisions where we can do the right thing or do the wrong thing, and we decide not because the right thing is easier to do the f***ing right thing. And I think that that's really what was articulated as part of this as well, that he just didn't believe in the conception of lying or fraud. There was no such thing. It was all just, would it be a positive expected value calculation on his ability to impact things? You know, he was willing to play the most serious game and it exploded, you know, and this is one of the possible outcomes. So now he's got to kind of live in it. And I still believe he thinks he's innocent, to be quite honest. And one point that you made is that Caroline really blew a hole in the idea that he was not the mastermind, right? He's saying it was her fault, pointing fingers everywhere else. What it also blows a hole in is the idea that it was a small hole that maybe was a small mistake and then they just sort of, you know, tried to fill it and it got worse and worse and oh woe is me. That's actually to some degree what I believe happened with Voyager, right? I think Steve Ehrlich, and he talked about it even in the past, offering 9 % to our customers. Well then Doge got popular, a million people signed up in a day and we had to find a way to give a million, now 2 million people, 9%. And that sets us further down the risk curve and the further down the risk curve you go, obviously, the bigger chance there is that you're going to blow up, victims of their own success, either the customers leave or you have to go further down the risk curve to offer that yield. So maybe in a situation like that, it was a snowball going downhill that just got bigger and bigger and bigger. This was 2019 before even the bull market for SPF, where he's put these systems in place. This wasn't like, oh, we blew up with Luna, what are we going to do and started committing fraud to fill the hole. This was fraud from the very beginning. It was a criminal enterprise set up to be that way. I think that the, you know, when the dust settles, what will be clear is that it turns out that for Sam, it was Alameda all along. Alameda was his personal fiefdom. It was his big financial power vehicle to do whatever he wanted to do. An opaque set of accounts that he could direct to politicians, to investments, to whatever. And even ultimately, as big as FTX got, it was still a subsidiary in his mind of Alameda, which was his personal power bank, you know, the bank for his power bank. And that's why he never even considered it was just a play to get customers to unknowingly fund his various world changing ventures. You know, I put that in serious air quotes there. Yeah, I know we have other stories to get to, but it's hard not to continue to talk this to death. I mean, there's some incredible highlights. SPF tried Thai sex worker wallets to unlock frozen funds before bribing Chinese officials. He ended up bribing Chinese officials to get OKX and Huobi accounts open that were frozen. I mean, there was literally no length this guy would stop at to avoid doing what he wanted, to your point. I mean, it's really crazy. He tried to go to the kingdom of Saudi Arabia and lie to them about an investment. Can you imagine? Yeah, we haven't even Saudi Arabia invested and then found out about this. Yeah, MBS doesn't exactly have the cleanest record of people who double crossed him. I don't know if that's the highest expected value calculation, Sam. No, I mean, what were the most to you? Like what were the most astounding revelations here? Was there anything like this? I mean, these are these are small details, of course, Thai sex worker. It makes for a good headline. But like there are things here that even you were like, wow. I think that the brazenness that I mean, the utter brazenness that like so there was a so John Ray in Michael Lewis's book, Lewis focuses on him very he's more critical of John Ray than he is of Sam, which is part of the reason people are so frustrated. But one of the things that John Ray said in that book is that there are kind of criminals who are born and criminals who are made, you know. And I think that what's interesting and this sort of is what you're saying, you were just painting a picture where for a lot of these institutions, they maybe just got in over their head. They made a stupid set of decisions that had sort of, you know, a cascade of impacts that they were caught up in their own, you know, problems. And that's sort of how it went down versus I set out to acquire, you know, the fact that he was explicitly trying to get finance targeted so that their customers like he was using he was trying to use the US government to shake down finance for FTX's benefit. Right. By the way, that ended up we haven't talked about how that ended up being the single thing that ultimately brought him down. You know, it's it's become not popular to talk about this fact, because obviously in the wake of, you know, Sam and CZ like CZ set the train in motion when he sent that tweet about FTT. Let's not deny it. They were playing a very serious game of who's got a who's got a bigger billionaire D that they can throw around and CZ bitch slap Sam into the next century. And it was because very clearly Sam had been running his mouth all over D .C. trying to use that very inelegantly. I mean, Sam was a two bit mafia wannabe, basically, you know. So I think that the brazenness really shows up. The Chinese official bribe is another area where it's just, you know, it is not a normal behavior for a kid who's in his first CEO ship within about a year of doing it to be willing to bribe Chinese officials. That is born criminal is arguably American ones as well. But we don't need to go there. James Murphy met a lawman yesterday, was on the show, and we're going to keep talking about this. We'll cook through the other stories in a minute, but pointing out yesterday that the buyout of CZ from FTX was with customer funds and theoretically could be for a massive clawback. Right. Well, that's I mean, that's a that's a whole thing that another dimension of this story, which is extremely problematic for for for other parts of this industry. And the other thing. So if we're let's let's segue to the other parts of the industry implications. That's a big one, right. Is what the estate is going to do vis -a -vis that sort of financing. Now, Binance is so on the ropes via, you know, vis -a -vis the U .S., you know, who knows how that'll that'll happen. But the other one is there are now big questions or people starting to ask questions about how much Genesis knew when. Right. And what that relationship looked like. Because, you know, the very prominently part of the most damning testimony from Caroline was that Sam very clearly knew to authorize, you know, to pay back Genesis with customer funds, which creates a clawback situation for them, which doesn't seem that there's any possible way that DCG could handle if that if that comes this way. You know, so. Yeah. And she created seven fake balance sheets to show to everyone, which in and of itself is slipping away for literally ever. I mean, this is a crazy part of the story that the balance sheet that triggered the whole thing. Right. Like I said, CZ threw it down the mountain with his FTT tweet. But, you know, it was started with the Coindesk report that was the sanguinized of the seven choices of balance sheets. The one that they had cooked that was the least damning was the one that still damned them. And it's insane. A balance fake sheet was enough to cause a complete cascade and death of FTX. Imagine if we had seen the real one. Obviously, we can't even imagine. One question that I have, I guess, last before we move on to Bill 2. Do you think that we'll see any of the politicians brought up in this trial? Gary Gensler, Maxine Waters, et cetera? I don't think so, because the prosecution has no interest in doing that and they've got him buried. Yeah, so so so exactly. So there's a couple of reasons why we won't. One is that to when you go after ultimately this the SDNY is not putting Congress on trial right now, even if they'd like to. And when you go after that type of target, you have to have it dead to rights. And I don't believe I believe that there's probably a lot of messages out there where Sam was sort of intimating bribes or, you know, but I would be very surprised if there was actual sort of full on like Chinese official bribery behavior yet. Now, give him one. You just gave him donations. You can do that much easier here. Give him give him one more election cycle. And I mean, listen, even when it happened, I think to the extent that we want to find some solace in this situation, the amount of power that Sam was able to accrue in about 18 to 24 months coming from zero from a standing start is so unbelievable relative to anything we've seen basically in modern history, that the horror of imagining him being able to accumulate power for three or four more years before being found out one another crypto cycle probably would have cleaned up the I wouldn't have cleaned up the balance sheet, but it would have made FTX able to handle things. You know, it would have gone through that sort of like, oh, yeah, they were bad in the past, but like they were able to kind of clean it up. So I don't know if we could take any solace to the fact that this every every day that it would have gone on longer would have been much potentially worse for the world. Absolutely. Absolutely. And the final thing before we move on, how much impact do you think it had on the last market cycle as far as the price of the assets? We saw a revelation that he had told Caroline to keep Bitcoin under 20 ,000. I kind of reread that. I don't think that's really what he was saying. I think he was saying sell, keep selling above 20 ,000. Exactly. So I don't think that he was purposely manipulating the price, as maybe you've seen, on X. But do you think that this behavior and FTT being in the market and all of the VC activity they did with FTX customer funds dramatically impacted the structure of the last cycle? One hundred percent. Absolutely. I mean, you've you've you've even seen post the collapse of FTX how much more organic market movements have looked right. I mean, it just it took out this force like where the even without the intention to goes explicitly manipulate market prices, which, frankly, like, you know, if we got Sam Trabuco's testimony, I would be very surprised if there wasn't some amount of actual straight up market manipulation attempts.
The Dan Bongino Show
What the History of Inflation Tells Us Today
"Is with money otherwise known as the economy. And when crazy things happen, like predictable inflation, when you print trillions of dollars of money, you don't have which guys like me and Peter Schiff and others have been turning warning about forever. I'm not surprised but it's amazing the administration spin job to try to cover this stuff up. Well, the inflation cascade is not over. It's not even close to over now. I was born in 1974. So the dreadful inflation of the late 70s and early 80s. I'm not going to sit here as a 48 year old and pretend to you I had a deep understanding of it when I was six. However, I can read and I do remember living through it with my mother other where things were kind of ugly. The Carter years were not fun. Neither were the late number of people had those whip inflation buttons or whatever they were with inflation like that was going to do it by a button that will take care of it. No, you don't want to take care of it. Don't print a lot of money. Folks, if you go back study and the history of what happened with inflation. This is important right now for your wallet. The same thing happened. We tried this thing where we took some temporary measures to kind of dry up the by a little bit. Then we backed away and inflation came back and then we should be dried supply up the money again a little bit. Then inflation came back again when we dialed it back. You're seeing that right now. I don't believe this Federal Reserve has the guts to do what needs to be done. But more importantly, because it's not specifically a Federal problem, Reserve it is. It's part of it. The administration doesn't have the guts to needs do what to be done, which is control spending and use the economy on a productivity side so you can produce more stuff to suck up the money. This isn't hard. What crushed inflation? Ronald The Reagan years, where they juiced the economy and got GDP growth up to
The Breakdown
A highlight from Gary Wang and the Alameda Grift History
"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 Tuesday, October 10th, and today we are getting into Gary Wang's testimony at the SPF trial. It was not a pretty sight at the end of last week for Sam. And so, we will be discussing all of that. 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 Breakdown Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, guys, before we get into the Gary testimony, I want to address what is obviously the biggest event of the last few days and how I'm thinking about covering it on the show. I saw a tweet this morning from Mr. Family Office and it said this, I was on an early morning portfolio review call with an investment bank today. I'm always struck by how cold and clinical these guys can be in the face of world events, quote, the events in the Middle East, unquote, and then straight into portfolio implications, the macroeconomic impact, scenario planning to protect and grow capital, nothing on the human costs, the tragedy, the injustice. I'm not saying they should be commenting on the human toll. They're doing their job and doing it well, but it still feels cold how quickly bankers shift to the financial ramifications of tragic events. So obviously the biggest event of the last few days is Hamas's attack on Israeli civilian and military targets and the subsequent declaration of war. Now, The Breakdown is, of course, a show about big picture power shifts and war tends to create exactly those types of shifts. However, at the same time, this is not primarily a show about geopolitics and conflict, but about economics with a special focus on crypto and Bitcoin. So when it comes to what we'll be covering with this war, I'm going to keep it as strictly as possible to those economic considerations and aspects. That's not because I don't have strong feelings about it. I think I might be the only crypto or economics podcaster to have stayed both with Israeli youth organizations in Jerusalem, as well as Palestinian social organizations in the West Bank, and maybe at some point I'll decide it's worth sharing my perspective. However, at the moment, the conversation is so intense that I don't really think I have all that much of value to add. That is, of course, outside of trying to, as dispassionately as possible, keep an eye on the economic dimensions of it, so that's where we'll stay for now. If you have other thoughts on how I should be covering this, feel free to share them in the Discord, but that will be the working plan for the moment. Now, given all that, the most obvious and immediate ramification in terms of global economics is in the oil markets. Oil is up as much as 5 % since the attacks. Now, neither Gaza nor Israel have significant oil production, but geopolitical instability in the region could, of course, have wide -ranging effects. The 1973 Yom Kippur War saw Saudi Arabia put in place oil embargoes on Israel and its allies, which caused a massive oil shock. And while there are no signs so far that Saudi Arabia is looking to repeat that history, further constriction of Iranian oil supply could have a similar effect. Iran is still one of the largest oil producers in the Middle East despite Western sanctions. What's more, Iranian oil experts are rumored to unofficially reach beyond the Arab world in circumvention of sanctions, with Western officials largely turning a blind eye to this practice. For many reasons, one of the big questions is what Iran's role in these attacks was, and it's not unreasonable to expect that one of the possible outcomes of this is even tighter sanctions. Now, when it comes to other markets, as always, the stock market provides a grim reminder of who benefits from a world at war. All major U .S. stock indices were down on Monday, while the iShares U .S. Aerospace and Defense ETF surged more than 4%. That increase was led by a 9 % rise for Lockheed Martin, an 11 % boost to Northrop Grumman, and a 5 % bump for Raytheon. Lockheed Martin's increase was its largest on a non -earnings day since March of 2020, even slightly larger than its increase following the Ukraine invasion. In addition to those broad signals, individual investors are also certainly paying attention. Bloomberg ran a headline this morning billionaire investor Paul Tudor Jones calls geopolitics quote, most threatening he's seen. Now it's clear to Jones that the main question is this Iran question and what the implications are for a further cascade, but whatever the case, he's predicting a recession in the world's weakest fiscal position since World War II. Now if you're in the Bitcoin Twitter space, you probably saw that he also said that he liked Bitcoin and gold right now because those two investments typically perform well during a recession, but that's obviously sort of a secondary story to this analysis. Now lastly, while the crypto implications are a distant tertiary consideration here, for the sake of completeness, there are some elements worth revisiting. In March, the CFTC lawsuit against Binance alleged that executives were made aware that the exchange had been used for transactions related to Hamas in February 2019. Then compliance chief Samuel Lim had noted that terrorist groups usually send quote small sums, as quote large sums constitute money laundering. Lim's colleague allegedly responded that you can quote barely buy an AK -47 with 600 bucks. Now given that Hamas is formally recognized as a terrorist organization and is heavily sanctioned, their attack on Israel will likely see a renewed focus on the financing of terrorist groups via crypto transactions and put Binance even more squarely in the sights of policymakers looking to crack down. There has already been a groundswell of senators looking to put even tougher anti -money laundering provisions for the crypto industry and these attacks could provide justification to get that legislation across the line. Now obviously these very short -term immediate response type of things are much less significant than the implications of what a broader conflict might look like. And so like I said, I will keep an eye on that dimension of the story and bring you what I think is most important to share.
WTOP
"cascades" Discussed on WTOP
"Banksneveraskthat .com. Go ahead. Ruin a Scammers Day at banksneveraskthat .com. $3 .28. Traffic and why they're on the 8s. Back to Dave Dildine in the WTOP Traffic Center. It's getting kind of tough now on the south side of the Beltway from Alexandria to Oxon Hill. On the Beltway in Oxon Hill, some road damage was discovered a few minutes ago. Either a damaging pothole or a deck puncture above Route 414 and on the outer loop at St. Barnabas Road, the highway crew will be blocking two left lanes until crews can either get a steel plate over it or some cold patch asphalt into it. On the outer loop at St. Barnabas Road, two right lanes are getting by. We're on the rest of the Beltway, uneventful, volume delays, of course, through Montgomery County, both loops near River Road, Carter Rock, and the inner loop from Connecticut Avenue and actually more like old Georgetown Road into Silver Spring, but nothing blocking there on the Beltway. 270 northbound, another crash reported in the local lanes near 370. That should be on the shoulder again. Some slower stretches of traffic beyond that through Gaithersburg and Clarksburg. 95 Baltimore, Washington Parkway, volume standard delays volume in Virginia on I -66. Westbound traffic is at its slowest, not near Fairfax, But out in Fauquier County, like yesterday, crews are working 24 -7 at the planes, Exit 31, only one right lane, is getting by very slowly again westbound there on I 66. In the district, the road work is wrapping up on Massachusetts Avenue, which is now open both ways between Wisconsin Avenue and Idaho Avenue. Feeling embarrassed about your missing or damaged teeth, Cascades One Full Mouth dental implants may be the solution. To schedule your consultation, call 866 -25 SLEEP or go to CascadesOne .com. Dave Delvine, WTLP traffic. Let's get our forecast from now 7 News First Alert meteorologist Steve Rudin. High temperatures this afternoon under sunny skies, upper 60s to lower 70s, mainly clear and
Tech Path Crypto
A highlight from Global Macro Outlook | Crypto Markets in Trouble
"All right, so a lot happening today on the global outlook and what that may do to crypto markets and also traditional markets. We'll try to break down some of that today without going too deep into this bad news. But of course, I think it is going to impact. So you guys are going to want to stick around for this one. My name is Paul Baerma. Welcome back in The Tech Path. All right, let's cover a couple of things here. And we'll be going into charts and take a look at some things in terms of how this situation in Israel and Palestine and how this may play into the crypto markets. Before we get started, I want to thank our sponsor, and that's iTrust Capital. If you're looking to go in long term, one of the ways you can do that is through a crypto IRA. Very easy to sign up and also very simple to use. There's no monthly fees. All you do is pay a fee when you do your trades inside your own IRA. So make sure and use our link down below, and you'll get $100 funding reward. Pretty simple, pretty easy, and it does help the channel out. So go check it out. Use that link down below. All right, a couple of things I want to hit to, a couple of posts here from Twitter. This of course is Kyle Chas coming in, talking about a few things that I think will start to affect what we're going to see in the world of global finance. Few commodities capture the imagination quite like crude. Obviously, we know the geopolitical ripples cascade around all this in the Middle East of course is right now in the center of what's happening. So these events, as we can kind of serve as a reminder of global chessboard of resources, energy, especially crude, reigns supreme. And I think this is one of the things that we continue to point at, is that when you look at some of the influences on what causes not only inflation, but the most pain on American people is the price of energy, and that of course is what he's playing into. The U .S. recently announced it has 17 days left of oil reserve, a slight tremor in its geopolitical landscape can send aftershocks rippling through global economies, affecting industry, consumers, and nations. Now all this plays into what could be a very negative position overall. Now does that mean it's bad for traditional markets and maybe good for what's happening in the risk markets, much like Bitcoin and crypto in general? I think this is going to play out very interestingly over the next few months, especially whether or not we'll see more activity around what's happening in Israel. Further into this, U .S. Treasury Secretary Yellen, U .S. likely to take steps to enforce $60 a barrel oil. This is coming from the Wall Street Journal. This is important because if Secretary Yellen is going to this extent, this means they are very worried about energy and what this might look like, especially when you look at the fact that we've depleted all of the U .S. reserves and what this might look like in the short term. Remember, energy coming in, this plays very badly for the Biden administration obviously going into next year's election and not being able to recover. This also potentially puts a longer stint on whether or not we come out of this. Remember, global impact, especially in the United States, when it comes around energy and the only place that you can really kind of center that focus is coming from the Middle East. And obviously now you have a destabilized Middle East right now. Kobe E .C. Letter coming in and says, hey, key events this week. You've got PPI inflation coming in, Fed minute, September CPI, which is going to be important. Watch that one. OPEC monthly report. That's another one. Let me zoom in on that for you guys. OPEC monthly report Thursday, jobless claims Thursday, and then 12 Fed speaker events coming from all the 12 Feds. So all of this could be into a position where we start to see things starting to switch up a little bit in the term of do we see printing? And I'll talk about that further as we go into the episode today. This was a squawk box interview of some of the global analysts around the financial markets from a global perspective. Listen in to what they had to say. Let me play this clip for you. Cambridge and Mohammed. Last week after the jobs report, you said that a soft landing was much less likely. That there's things a risk of something breaking. How do you now assess everything with this added on top of it? So Becky, given what's happened over the weekend and my thoughts and prayers with the families and friends of those who lost loved ones and all the other innocent people who are either missing or have been taken hostage. Look, this makes the U .S. outlook even more difficult. I think the key question and you've got some really good guests coming up is, is this conflict contained or does it bring in other parties? So far, the markets are trading as if it's contained. But if this expands and brings in other parties, then the outlook is for even a weaker global economy, even more inflationary pressures, and the markets are going to be finding it hard to deal with that. All right, so I'm going to pause it there. But he did hit on the key point right there, and that is if this is contained, market is responding as if it is contained. If we do see a little bit of that exposure that starts to move into other countries within the Middle East, that does cause some major issues around, as I said, oil, which is really the common currency around the globe, especially here in the United States. And it has so much bearing on where and what we're going to be dealing with as a country in terms of inflation, being able to recover, get into business as you, which is a growth market, which is a problem right there. This was a post coming in, also talking about getting in quite a few questions on this. All I do know is that the Ukraine war triggered 8 % down candle. That was erased within a day. Couple other things that were happening there, if you think about how the Ukraine war had some effect on cryptocurrency, there was actually a little bit of activity that occurred mainly because Bitcoin and other crypto was being utilized in these areas that we saw these conflicts occur. So some of that's going to probably play into it in a slight way. I think the bigger and more macro picture that plays into what's happening right now in the Middle East is the issue of energy, more so than any. Financial giant, of course, Bank of America now warning about U .S. bonds. Markets may be moved because the bonds, of course, accelerating. All that playing into the pressure on the traditional markets. If we continue to see bonds rise, then the traditional markets are going to see that pressure. This is something that we've seen and a lot of analysts have already pointed to. And this is kind of the situation that we're facing right now. This is just a chart right here. Two -year U .S. Treasury yields closed at over 5%. Levels not seen since 2007. That's a pretty crazy chart right there. Yields are up short, whether short or long, accelerating higher is likely result in continued pressures on equities. This gets into the traditional stock market, which is where we start to see that adjustment. Now, we haven't seen the full adjustment on that because we've still seen a little bit of uptrend here recently, but only in the last few days on some of these markets overall. Here was Jordy Alexander, who we've had on the show before, and he mentions a couple things here. I haven't expressed macro views in a while. Things are about to start really moving its time. I spent months analyzing the engram of U .S. policy outcome, I said, is coming into view gradually first and then all at once. The Fed will now have to kind of poop in their pampers to deal with this. What he simply is saying is that we're going to be dealing with some scenarios that are going to play out around printing. This is a bat signal I've been waiting for. What it does mean is why the Dallas Fed president in the top tweet doing a big U -turn. That's because they're starting to realize they're losing control of the bond market. The bond market continues to grow because of the global pressure of what we're dealing with macro, and that's going to continue to put pressures on the securities market, which then in turn starts to get these Fed guys a little bit uneasy. At that point, you could be looking at a print. Once we start seeing a print and a pivot in the market, that's when you start to see the impact on the risk markets such as crypto. All that plays into it. Bitcoin, of course, right now if you compare Bitcoin bull market forecast short -term dips before a positive growth, many people have been saying this for a little bit that we could still see some more pain with Bitcoin. I think with the short -term scenario, again, all this is going to be triggered off oil. This will cause a little bit of pain in the markets in general, but the question will be is how do these risk markets start to accommodate for what's happening in the securities market if we truly do see a big downtrend. Now we're going to be doing a video on Ethereum later this week, and we're going to be kind of breaking down some new movement within ETH onto a lighter note here, so make sure and check that out. This is an article we'll kind of cover a little bit about what would happen if Michael Saylor would be up to $2 .5 billion if he had chosen Ethereum over Bitcoin. So just saying, you know, you kind of play those things overall. And don't forget, you've got VanEck also kind of jumping into the fray. We're going to have the VanEck guys on this week talking about the futures, and the likelihood is we're going to see a release here coming up on this next release of data. VanEck could be in the $10 million range, which would be massive for ETH futures, especially with something like this at this given time. So we're going to be covering all that good stuff, give you guys a full rundown on that. If you're not following us on the Diamond Circle, make sure and get in there now. It's a great place to catch additional content. If you guys want to catch me out there on X, it's at Paul Baron. We'll catch you next time right here on Tech Path. Thank you.
RADCast Outdoors
A highlight from Wives Takeover Special: Crystal & Krista in the Drivers Seat
"Fish on! Hey, Radcast is on! And welcome to the show, Mr. Jim Zumbo. Gentlemen, I am pleased to be here and I use that term loosely when I say gentlemen. Al Winder. Just want to welcome you to the show. Thanks for taking time out of your busy schedule to hang out with us on a podcast for a little bit. I am looking forward to it. Nothing makes me happier than to be clocking the box. Hailing from Wisconsin, Janna Waller. Thanks so much for having me. It's Radcast. Hunting, fishing, and everything in between. Powered by Bowspider. Brought to you by PK Lures and High Mountain Seasonings. And now here's your hosts, Patrick Edwards and David Merrill. Today is a very special episode of Radcast Outdoors because we've kicked the guys out of the studio. We are the wives of the Radcast Outdoors hosts. I am Crystal Merrill. And I'm Krista Edwards. And we are here because we're going to talk about what it's like to be married to someone who is quite literally obsessed with the great outdoors. So the guys are definitely in trouble. Yeah, that's right. We are going to have a good time. We're good. We kicked them out. No boys allowed. And just dive into what it's like to be married and have kids with an outdoors enthusiast. That's obsessed. Yeah. As we know, our husbands love hunting and fishing. David is a hunter and Patrick is a little bit more of a fisherman. So tell me about your experience in the outdoors, Krista. So I was raised down in Cheyenne, Wyoming, and I was my dad's fishing buddy as a kid. We would go fishing just at the lakes that are close by. So the Curt Gowdy State Park lakes, he would take us trout fishing. And then as I got a little older, we would go camping with my grandparents on their pop -up camper trailer. I love doing that. My grandpa, I remember, took us to Hog Park and the Miracle Mile and we got to do some fishing there. I've always liked being outside. I've never been an enthusiast of any sorts or anything, but I've always enjoyed being outside hunting, just outdoor recreational activities as well. How about you? I have the same experience as a kid. I was immersed in the outdoors. My dad was a trapper and a hunter and a little bit of a fish or two. There's a picture that exists of me in a diaper standing in front of a bunch of skinned raccoons in Oregon. That does exist. But when I was a teenager, shot my first black tail deer in Oregon, which is where I grew up. And then in 2009, my dad invited me over here to Wyoming, which is now where I live and love, to an antelope hunt out here in the middle of near Riverton, Wyoming. We got a nice antelope. My husband and I, David, we both shot antelope that time. And then we decided to go explore our lives and travel around a little bit. But eventually we did end up back here in Wyoming. Awesome. What do you love about Wyoming? Except for last year? I love the climate. Yeah, that was brutal. The negative 50s was a little bit much last winter. But I love the open wide open spaces. I love the people how friendly they are and just kind and wholesome and morals. I just love the people here. Yeah, I agree. I have really just grown to love Wyoming. I love the mountains. I love all the outdoor recreational opportunities. I love that you can make close relationships because our biggest towns are still small ones. So it's a small world. I don't ever imagine living anywhere else. We love Wyoming. How about you tell me how you met David and how your relationship came to be? We both grew up in Oregon. We actually met in the Cascade Mountains of Oregon. I was a Forest Protection Officer working for the Forest Service. And there's this little mountain house store in the middle of nowhere. And so I would stop in there and I'd get like candy or soda or something on my way. And David was actually a cook there and friends with the owners. He didn't have enough gump to introduce himself to me. So the owner of the store, because David and I were like 17 and 19. When we met, the owner of the store forcibly introduced us and basically told us we were going on a date. And so I think the next day I drove up to the mountain house after work and we watched a movie and talked all night. And that's the history of David and Crystal. The rest is history as they say, right? How about you guys? How did you and Patrick meet? I think we met a couple of times before we actually I don't know. Patrick says that we've met we had met previously, but we actually graduated high school together. We're in the same graduating class. I have vague memories of him there. But we officially started we're introduced by a mutual friend when we were in college down in Cheyenne at the community college down there. One of the new weeks of school, he was standing in line waiting for food. And we because we had been introduced, we started a conversation. He let me cut in line with him for food. We had lunch that day and just started talking and getting to know each other. And like he said, rest is history. We were also young. We were both 19 when we started dating when we first met. We've been married 17 years now. And we have four children, which Patrick has mentioned on the podcast before. Leah, our faith, who is 10. And Benjamin, who is nine, I have to think about that sometimes because they're, they stair step down. How about you? How long have you and David been married? So we've been married 17 years as well. We both I think we both got married in 2006. Didn't we? Yep. Okay. So yeah, we got married in 2006 in Oregon. And yeah, that's the rest of history. So when you first met Patrick, did you really know how obsessed he was with fishing? Because we lived in Cheyenne, I don't know what his passion was when it came to fishing. The opportunities in the Cheyenne area are much less than it is up here in Riverton. And his grandma lived in Riverton. And so when we were first dating, he would come up and visit her, but I didn't always come. So he would fish when he came up here. And then when I would come and visit, we would go fishing. But because it was so sporadic, I didn't realize just what the full depth of the obsession of the hobby, the passion was at that time. So no, I didn't realize when we were married for a few years in 2008, we moved up to Riverton for the first time to help with with his grandma and to help care for her. And it was then a couple years into our marriage that I fully got a full view of how much he really loved it because he had the proximity of Boysen and the ability to go more often. So those I would consider some of our harder years of marriage as we were figuring this out being newlyweds, and also him having these opportunities to go and fish and want to do both be a good husband and stay home but also pursue his hobbies and his passion. So it was then that I really got a full grasp on that. What have you done throughout the years as you've adjusted to being married and realizing how much he loves fishing? What do you guys do together? Do you guys go fishing together a lot now? Is it a family thing? What's the favorite part of being a wife of a husband who just loves the outdoors and has a passion for it? In the beginning, before we had kids, I would go fishing with him sometimes. I will say when we first were married, and I realized that it was difficult, it did create some fights. And we have some fights early on that are in the history books that we can laugh about now today. But as our family has grown when we had kids, it was a great way for us to get outside as a family. And he loves sharing his passion of fishing with children, whether it's our own or anybody else's, he loves teaching people how to fish. So it's been really awesome to see him share that with our family. So we do go as a family and sometimes I don't even fish. I'm just there as referee, making sure that kids aren't dangling up their lines, or I'm helping them pull them out of the water. So bait the hook. Yeah. So he's able to go on a date nights where I just go with him. It's not my passion. I don't mind doing it. I like doing it. But I mainly like spending the time with him. It's really fun to be able to go do something with him that he enjoys so much. And I know that it fills his bucket fills his love tank, whatever you want to call it to be able to do something he enjoys, and to be able to share that with me and with our children. So we do as a family, sometimes it actually has worked out now that our kids are older, that he'll take a couple and leave a couple home with me and he'll take a couple and so that's actually been a really special thing. It gives him the opportunity to spend one on one time or two on one time with with our kids when you have a big family. Sometimes that gets hard with busy schedules and stuff. I don't always go but I've got to a point now in our marriage where I am supportive of him going. I'm to the point now where I recognize the need for him to go when life has been really crazy and he's been really busy or things that work have been really stressful. I can see it and I will encourage him to go where in our early years of marriage when it was just the two of us and we didn't have kids that would not have been the case. I did not want him to go and leave me home alone. But now I say, I see that there's, you're stressed, you should go for half a day or whatever. Because I know that it just helps to renew him and refresh him. And then when he comes home, he's just able to be more present and attentive to our family. And he's just more at peace. So gotta be the support system for the family. And that doesn't mean you always go on these trips. But it looks different. Maybe it means that you cook the fish that he brings home for all the things for the with fish. I cook don't get me wrong. I do cook but he cooks and cleans. There is a learning curve when it comes to cooking fish. We like to cook together. And but he just is really good at fish specifically. I've done a few things and we usually do it together. But yeah, no, when it comes to fishing, he likes doing it all. He loves the catching. He I don't know if he loves the cleaning, but he does the cleaning and then he helps the cooking as well. It's, it's been great. It's been a great way to enjoy it as a family. How about you do fish or hunt with David? Do you guys so we do as a family? Yeah, we do a little bit of everything. Since I've had kids, I have three kids, the youngest is nine months. And so I don't get out as much as I would like. A couple of years ago, we ended up going over by Cody and I got an elk tag and actually harvested a very nice bowl, my first bull elk ever. We dropped the kids off with grandma and we went over there in the winter and harvested a nice bowl. It was awesome. It was nice to get away and do the things as a couple. Now that we have a bigger family, and it's a little bit harder to get out, get everybody ready. Because as a mom, we know that we get everybody ready, we get all the snacks, we get all the clothes, warm and hot and clothes and everything you need to get ready for a trip. It's a lot. It takes a lot more time to prep and prepare. And it's just a lot of effort when you have the kids. But as far as hunting and fishing, I really do enjoy the time. It brings me closer to God. Honestly, the silence, getting away from all the electronics, just the peace of being out in nature is awesome. And I would love to do it more. But I just have to wait till my kids get a little bit older to make it a little easier on everybody. Right. Absolutely. I feel that connection with the Lord as well being out in nature. And then also, just with my husband, the connection there. I don't know how David is. But I can tell you, like when when I went fishing with Patrick, just the two of us, we went a couple of years ago to Keyhole for an anniversary trip. And he was more excited to see me catch fish than than him catching fish. He was going for a trophy. And sometimes I would just read a book while he was trying. But when we started catching crappie and stuff, he would get so excited. And I imagine David's reaction to you getting a big elk was probably the same. And it's just a really special connection that you can have when they they share their love for that. And then it makes when they see somebody that they love, yes, pursuing what they let's just it. It's a cool way to bond. Yes, it is. I will agree. He was actually there with me when I shot my first black tail deer to we were tree stand hunting behind my house and I was climbing up in the tree and he was going to climb up behind me but the deer is already there. Oh, I know eating some apples from the orchard. And so he's standing down there at the bottom of the tree. And of course, I was waiting to get a good rest. I wasn't going to make a poor shot on my first year. I was very patient. The deal wasn't going anywhere. I had plenty of apples. So I was taking my time to get a good shot made a great shot. It was awesome experience for us to just instill that as a new couple and I wish that more couples would get out and do these things together even if you don't necessarily enjoy the sport. Just supporting your spouse. It's a great way to support your spouse just going, doing whatever you can to support them in their passions. Absolutely. When we were dating, it used to be the joke that I would always outfish Patrick whenever we would go fishing when we were dating and first married and I would tease that's why he didn't take me because I would always outfish him. But the real reason why I'd outfish him is because he would set me up in order to catch catch fish. I know this now. Yeah, back then I would tease that I had better skill. I meant that I was doing a better job. But really, he lovingly set me up in a way that I would I'm gonna give you a better lure or a better bait. Yeah, whatever. Yeah. In order for me to have success because then you have fun doing it together like that. Do you have any specific outdoor memories of your family from your childhood or any memories that are your favorite from being in the outdoors with your family? From my growing up years, one of my favorite outdoor memories was a camping trip that I went on with my grandparents and my uncle. My mom is 17 years older than her youngest brother. So my uncle is only like eight years older than I am. We got to do things with him similar to what you would with like a cousin because of the age difference there. We went and I believe it was down by Miracle Mile in a hog park and camped outside. I'd never slept outside open air, no tent, no camper. And he rolled out the sleeping bag like he was going to sleep outside. And I thought that was the coolest thing. So I slept outside open air next to the lake that we were at with my uncle. And so that was really special. I probably was 11 or 12. I don't even remember how old I was. But it's still a memory that sticks with me. And you didn't get carried away by the mosquitoes. Not that I remember. And I remember that was my first wallet I had ever caught. It was on that trip. I had never caught a wallet before. So that was really cool. And then my family. Oh, so many memories as a family with kids now with Patrick and our family, our younger kids. But one of them that I really love was our first camping trip after Katie was born. So Katie's my second. And Leah would have been a year and a half, two years old. Katie was five weeks old, sitting in a tent, nursing my five week old baby while camping. And this trip was so hectic. We got lost on our way. When we got to the lake, Patrick started catching fish immediately. It was like some of the best fishing he'd ever been to. We went to, I can't remember what it's called, a lake in Nebraska. And when we woke up the next day, we camped one whole night, the whole tent set up, the stress of we had to go home. So it was like less than a 24 hour trip. It was so stressful. And looking on it now, it's not a favorite. If you think, that was a wreck. We were a mess. But at the same time, it was just the beginning of we're just going to go no matter how hard this is, we're going to try anyways. And so that was a jumping off point for us on just family camping trips. And we've done many more, always having good parts and always having stressful parts like using the set up, the extra packing with kids and whatnot. So sleeping out under the stars really reminds me of a funny story from David and I when we were first dating, I was, you know, working for the Forest Service. So I was supposed to know all these different trails and everything and be able to read a map. Well, Crystal forgot the map, we were going to go to Danica Lake in Oregon. It's beautiful. I've been there. I hiked in there for my work. And I was going to take David in there, we're going to go fishing. It took a wrong turn on the trail. And we ended up not going into the wilderness, but staying near like a logging trail. And we came out to a place where I knew I was familiar with it was, we had hiked probably 10 miles that day, Danica Lake was not a 10 mile hike. And we get to a place and we just go to a lake that's right off of the road. It's a gravel road, but it's right off the road. And we were just gonna sleep out underneath the stars, we put a tarp down, had our sleeping bags, and we went to sleep woke up the next morning. And David says, I hear something scratching. Oh my goodness. So we look around us. And because we laid out our stuff almost in dark, we laid our tarp down on top of an ants nests or high ant flow area. And they weren't the small ants. These are the big ants. So he now has an ant in his ear. And we are probably two hours from any hospital or anything. Oh my goodness is before I'm a nurse. So I didn't know what to do. I've never had this encounter before. So we were, he was freaking out because something was in his head, scratching. And he's not a calm person around this kind of things. Anyways, I come up with this idea to drop some water into his ear to flood the ant out. And luckily it worked. But to this day, I will never live down the fact that we never made it to Danica Lake. Oh, you never went back? Never made it. Oh, bummer. So it's always this story of if Crystal plans a trip, are we really gonna make it to Danica Lake? Or are we gonna make it somewhere else? You just never know. And then as far as outdoor stories with my family, one of my favorite memories is when I harvested a moose here in Wyoming in 2017. We didn't know the area. So we were just hiking around and we came across a bull moose that was shootable. And the awesome thing was, my oldest son Hunter was probably three or four at the time. And he was on the shoulders of David. David was carrying him when I shot my moose. Oh, cool. So we had this experience together. My father in law was there too. We shot this moose and my son was able to be a part of that experience. And not that he is super enthusiastic about hunting yet. He's 10. And so he's interested in video games and other things like that. But it's a great family memory for us to remember. And then with my middle child, Drake, my dad took me out around Riverton to get an antelope and antelope buck because I for some reason when we first moved here, I drew antelope buck tags almost every year. Nice. Nobody else did. I don't know. So I got to spend that time with the Drake as well when I was harvesting that antelope buck and there's pictures of him sitting on my lap with the antelope and we harvested it together. We butchered it together at home. We do actually most of our own butchering and processing of our meats. That's great. And I think Patrick does the same, doesn't he? With his fish and whatever. Absolutely. Yeah. And the kids, it's a great way to teach them. It's one of those things that kind of get lost in our culture. I feel like today where a lot of kids and I'm not saying necessarily Wyoming kids because we live in a state where it's a little unique, but a lot of times kids don't know where their food comes from. And so whether it is game, wild game and fish, or it's things like poultry and pork and beef, we both have chickens on our properties and we raise pigs. And I know that you guys have done so in the past before. It's just such a good experience for kids to see the whole process. It's not just I went to the store and bought the ass. We went, when you hunt, you harvest it as well as bring it home, clean it, cook it, and then eat it. Same when you raise your own animals or eggs or whatever. It's just good for kids to know that it's not just go to the grocery store, that there is work involved, that it's not actually that easy. And it just brings a greater appreciation for your food as well as for the people who do, our farmers and our ranchers, who raise the food that we eat. And the quality of your food. Absolutely. That's what I love about processing my own game is you can be super fine with how you butcher it. You can be selective with the meats and you can, we do a lot of hamburger. It's not hamburger, it's elk burger, venison burger. Right. We treat it like hamburger and it tastes delicious and we love it and my kids love it and all of these different recipes that we have that we use with wild game because it cooks differently. Absolutely. You can't just cook elk like you can a normal beef steak. It takes a little more love and tenderness for sure. So talking about our kids and getting them involved. So you have three boys, 10, four and nine months, right? Yes. So with your kids, what have you found to be ways to get them outdoors? Because it is extra work, you do have to prepare. You're not just thinking about going to and hunting or going to the lake and fishing. You have to think about all their needs and all the things that you might need for the day to keep them occupied or whatever. So what kinds of tips and things have you found that help? And then also, how have you been motivated to make sure you get your kids outdoors because it is extra work? So how have you motivated yourself to continue doing the work to get them there? So some of the things that I have found that works for my kids to keep them, for lack of a better word, entertained during hunting because it's not always entertaining. They can play with sticks and rocks but they do eventually get bored and then they do eventually get hungry and or cold or hot. So you have to plan for those things because you want for kids the experience to be a positive one. You don't want them to look back and say, oh, I was so cold or I was so hungry and mom and dad didn't have any snacks for me. So you got to plan for those things. Sometimes you do better than others. As far as what I do to the effort, it is important to put that effort out. Yes, it is time consuming but I know it's good for their soul. It's good for my soul to get out even if we just go to Ocean Lake or Morton Lake for the evening and go fishing. It's beautiful to get sit on the beach, listen to the waves come in. It's therapeutic for everybody and it helps everybody's mental health. We just love taking those opportunities to do those small things and I know you do the same thing with your family as well. We do and I always tease that I could be talked out of it every single time. Easily. Yes, especially like the first camping trip of the year when you have to get the camper cleaned and prepped and make sure your supplies are there. Every time we're getting ready to go camping for the first time, I always think we don't have to do this. We can stay home of effort. So much work and so I say that about every trip. You could tell me and say, would you rather stay home? I'd probably say yes to you on a heartbeat. So don't offer that as an option because otherwise I'll probably take you up on it. It's worth it once you get there. You take all the time to prepare the food and to pack all the clothes and to clean up and get the dogs ready and whatever else it is that you need to do in order to get yourselves there. But once you're there and you're set up and you're in nature and you're able to not worry about all the at -home chores and busyness and schedule and you're just able to soak in whatever it might be, it's so worth it. So it's worth the time. It's worth the effort and start. My tip would be to start young. Don't wait till your kids are old enough to hold the fishing pole or do whatever because if you just make it part of your lifestyle to just go and do and be together as a family, then it will get to a point where your kids will look forward to those times. One of the things I also tease about like where people say camping is relaxing and I'm like you have never gone camping with kids. However, we, my family doesn't have little kids anymore. You guys still have a few, a toddler and a baby. But when we got went camping a couple years ago and our kids range from ages 11 to seven and we were able to go and Pat would go fishing and I got to sit in my chair and talk to my friends or read a book and my kids were running around and playing with their friends and and they were all over the place night. I looked at it and I go, oh we've arrived.
Bitcoin Audible
A highlight from Reboot - Bitcoin & Software Reliability
"With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended consequences for potentially millions of people and billions of fiat dollars. If it is possible to build a Bitcoin that cannot fail, that should be the goal, and no compromise should be acceptable. The best in Bitcoin made Audible. I am Guy Swan and this is Bitcoin Audible. What is up guys, welcome back to Bitcoin Audible. I am Guy Swan, the guy who has read more about Bitcoin than anybody else you know, and we have got a great read today. This is actually one I've already done. This is a reboot from way back as read 254 on this show, so you know 400 odd episodes back or reads back, probably five or six hundred on the episode side, but this was a really important one and actually, hats off, my brother recommended that I reboot this one because this is a really, really important kind of foundational topic and how to think about Bitcoin, especially when there's so much arguing over like what features it should have and whether we should implement drive chains and CTV, like all this, you know, like how should lightning work, all this stuff, right? Is it like we're going to just develop this kind of app layer sort of stuff that's just going to, as long as we have the right op code, as long as we've fixed Bitcoin and fixed the security, the long term security budget and all of this stuff, well then we can get all the things that we want and we'll have all the apps and all the features that we need and I think that's a, we've kind of let the framing get away from us and I think it's incredibly important to remember where Bitcoin is in the layers of this system, so to speak, and how we should be thinking about engineering at the Bitcoin layer and this was always when it's, this one's by Beautyon and it's always been a real favorite of mine to kind of demonstrate the stark contrast between crypto and Bitcoin. It's another one that there's kind of an underlying philosophy of how and what even to build that is divergent really between the two communities and this will be really important for tomorrow's discussion or the next episode or the next Guy's Take that I've got coming, it might not be tomorrow, I don't know, it depends on how long it takes me to put all my thoughts together on it, but it's another one in the FUD, we're going back to the FUD series and then we'll also be going back to the basic series, I haven't dropped that or felt like I finished that or anything, I just hadn't got back to it till very recently, so Guy's Take, the next Guy's Take will be, but Bitcoin doesn't innovate because it's funny, I actually think the way I think the proper framing is, the very notion of that question basically argues with itself because the question is what layer of innovation because usually they're talking about it doesn't have the app I want or the feature that I want and so it's actually more fundamental to the question of what are you considering in innovation and this article is so important as context for that discussion, so I think it's really, really good to bring this one back, especially for anybody who hasn't read it or listened to it, this one I think is, it goes into the prerequisites batch, like if I had to pick like 40 episodes or reads or something that just like you just need to listen to, to kind of get the big picture of Bitcoin, this would 100 % be in it, so if you haven't heard, Beauty On's Bitcoin and Reliability, Software well then you are welcome because you are about to hear it.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. 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 crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
WTOP
"cascades" Discussed on WTOP
"I don't know that'll be a huge the almanac has its eye on the second week of January for some snowy cold weather around here Kyle Cooper WTOP news okay I'm ready the federal government appears to be heading towards a shutdown next week that will disrupt many services and squeeze government workers government funding expires and with a standoff by House conservatives seeking sharp spending cuts a spending bill may not be passed by the deadline federal agencies would be told to stop all their work that's deemed non essential and millions of federal employees including military personnel will not get their checks a shutdown would also have far -reaching effects on government services like passport applications firearm permits and clinical health studies people going to national parks would also likely see a lack of services Social Security recipients would get their monthly checks Jackie Quinn Washington auto workers are expanding their strike General Motors and Stellantis now taking action against 38 facilities in 20 states the United Auto Workers Union has announced progress in its negotiations with Ford the will strike only against be Ford at will one facility for the time being Axios business reporter Nathan Bomi tells us about the potential impact moving forward I think we're headed toward a paralyzing effect here sooner than later so what this expansion particular of the strike is going to do is it's going to start to slow down the flow of critical parts to dealerships in particular that are you know coming from the factories of GM and Atlantis and so that means that once their supply on hand of parts dries up they won't have any more that means you won't be able to fix vehicles and that obviously is going to really hurt the dealers because dealers make most of their money on service. Axios business reporter Nathan Bomi. Tonight the Baltimore Sun reports that Maryland Senator Ben Arden will take over as chair of the Senate Foreign Relations Committee. This comes as the former chairman is under indictment. criminal New Jersey Democrat Robert Menendez is accused of accepting bribes set to be worth hundreds of thousands of dollars. CBS News legal contributor Jessica Levinson. Being a public servant means that you run for office or your appointed in order to make decisions to benefit your constituents not to make decisions that benefit yourself. Menendez denies it all but will step aside for now from his Foreign Relations Committee chairmanship. Still there is pressure on him to leave the Senate entirely after his second criminal indictment. Political analyst Larry Sabato. The Democrats cannot afford to lose that seat. Tom Fordy CBS News Washington. Planet Earth is about to receive a special delivery, the largest sample yet from an asteroid. And that's the spacecraft will fly by Earth on Sunday and drop off what is expected to be at least a cup full of ice. Grab from the astronaut Bennu, closing out a seven year quest, the OSIRIS -REx spacecraft from Cape Canaveral in 2016 and reach astronaut Bennu in 2018. The sample capsule will parachute into the Utah desert as its mothership flies to another asteroid encounter. NASA recovery Manager Mike Moreau says the drop off about a third of the way to the moon is no small feat. That's like kicking like a hundred and twenty thousand yard field goal. Scientists hope to uncover some of the solar secrets on the sample's vacuum from Bennu's surface. I'm Norman Hall. Coming up after traffic and weather, weather when you might start to see a big price hike in holiday flights. It's 737. Do people judge you by your missing or broken teeth? You should know there is one great solution from the Cascade Center for Dental Health in Sterling. Cascades One is a revolutionary full mouth implant solution pioneered by Dr. Sriyesh Ruparelia. With Cascades One, you receive the highest quality full mouth dental restoration. We do it all. One doctor. One office. Cascades One price. All backed by our amazing guarantee. Call today to learn more. Call 866 -25 -SLEEP Or or visit CascadesOne .com. Here's Amy Knight, the president of Children's Hospital call 866 -25 -SLEEP or call 866 -25 sponsored by Children's Hospital Association.
The Living Waters Birth Podcast
Top Tips for First-Time Moms Planning an Unmedicated Birth
"And this is my last question, which I said earlier, I feel so bad because it's been two weeks since I got this question, which means this mom is probably has approached her due date, if not past her due date at this point. And this is from my friend, Juliana. We went to nursing school together. So hello, Juliana. Congratulations on expecting your first baby. This is so exciting. She says two weeks from my due date, any tips for first time on medicated birth? And yes, I have a lot of tips. I actually addressed this in another podcast episode, which is called top tips for unmedicated birth. And that covers a lot. But honestly, the majority of that episode is focused on the prenatal period. So I would say there's a lot of emphasis on like the things that you do to prepare yourself education wise, mindset wise. But just because you're close, even like at your due date or beyond does not mean it's too late to start preparing. So I would say be aware that just because it's your first baby does not mean it's going to be a bad experience or a super long labor. You don't have to be afraid that just because it's your first baby means it's going to be horrible. I hear that a lot. And honestly, when I was pregnant, I kind of felt like it's my first baby. So it's going to be really rough because that tends to be a trend, but it doesn't have to be that way. I would say you should be aware that first time mothers typically go past their due date. They usually lean closer to 41, 42 weeks versus that 40 week mark. Not always, but on average, I would expect to just go past and that will really help with your mindset, not thinking like we reached the 40 week mark, where the heck is this baby? Because they're going to come right on time and that may not be at 40 weeks and zero days. So you may go longer. You also might have a little bit of a longer labor. Again, not always, but average first time moms do have longer stretches of labor. So I would say prepare for that. Just prepare yourself for a little bit of a marathon. Again, that doesn't mean that it's going to be bad. Just know like, you know, conserve your energy. Don't start paying attention to your labor when that first contraction hits. Ignore it as long as possible and make sure that you're resting as much as you possibly can in early labor. If you are giving birth in a hospital, I would say definitely labor at home as long as you possibly can until you're really, really in a good active labor pattern and like you need to be where you're giving birth. Definitely labor at home. The longer that you're in a hospital or even a birth center setting, the more susceptible you're going to be to interventions. And that leads me to my next point, which is just avoid the cascade of interventions if you can. So avoid an induction unless it's actually really medically necessary. Avoid going to the hospital or your birthplace too early. Avoid as much intervention in your birth as you possibly can because that will make it a lot easier to have a more undisturbed and just overall unmedicated experience. One intervention tends to cascade into other interventions, which makes it harder to have the unmedicated undisturbed labor that you might be wanting. So that's a thing. I would just learn to say no. Set yourself up for success right now and know that it's probably going to be a little bit challenging. Just learn to say no, even if, you know, there's a likelihood you're going to be pressured into different interventions that you don't want. And I would use the brains tool. If you don't know what that is, you can look it up. It's a decision making tool for labor, but make sure you know how to say no and weigh risks and benefits of different interventions. Because like I said, the less intervention, the better when it comes to having an unmedicated natural birth. I would say today is not too late to start doing mindset work and eliminating fear and labor, telling yourself that labor is normal, natural, holy, good. That does not have to be scary. That's going to be really important to avoid that fear, tension, pain cycle that is more likely to end you up getting an epidural and other interventions, learning to relax and calm your nervous system as much as you can. And I would say even just practice doing that outside of labor, like anytime that you find yourself feeling anxious, feeling sensations in your body, just learning to like totally surrender to that and calm your nervous system as much as you can. I'm sure that you've heard this, but drink all the red raspberry leaf tea and eat all the dates that you can do the mile circuit, be walking, doing things to prepare your body these last couple of weeks is going to be huge. And then really just leaning into this time with the Lord, these last few weeks of pregnancy are one of the most insane times to learn surrender and trust because it can be such a mental game and it can feel like you're in the home stretch. You don't know when things are going to start, but there's such a beauty and mystery to birth and to your labor process. The Lord is always right on time and he knows exactly what you need. He knows exactly what your baby needs. So lean into him during these last few weeks, trust your intuition. But even more important than trusting your intuition is accepting guidance from the Holy Spirit, letting him guide and direct all of your steps because he is in charge. He knows you. He knows your baby. He knows what you need. Don't be afraid. Don't be afraid to ask him boldly and see the way that he is going to show up for you because he will show up even if it looks nothing like you thought it would. He is in the business of answering prayers and he loves when we ask him boldly. So that would be my advice for you.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Featured Story | Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
"This episode of Markets Daily is sponsored by Kraken. It's Sunday, September 10th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your featured story. On today's show, we're taking a dive in how crypto lending contributed to last year's collapse and what could be done to fix it. And just a reminder, CoinDesk is a news source and does not provide investment advice. Today's piece comes from Mauricio Di Bartolomeo, the co -founder of Ledin, a digital currency lending company. We'll be using Wondercraft AI to read the story. The piece is titled, Crypto Lenders Caused Crypto Contagion Last Year. How is the industry rebuilding? Loans are as old as money. Throughout history, whether seeds or gold, every form of currency has had its lending market. Now Bitcoin, with its decentralized and transparent nature, has staked its own claim in the financial landscape. And just like the currencies that came before it for Bitcoin to truly thrive, it also needs a robust lending market. However, thus far, most attempts to create a Bitcoin credit market have failed spectacularly, with disastrous repercussions. The demand for Bitcoin and digital asset lending services surged during the 2020 run -up, with tens of billions of client assets flowing towards both centralized and decentralized lending platforms. Fueled in part by lax macroeconomic monetary policies and the crypto sector's explosive growth, this environment allowed bad actors to operate recklessly, misleading consumers without facing significant checks and balances. This lack of oversight ultimately led to the collapse of the digital asset lending industry beginning in 2022, including the cascading bankruptcies of lenders including BlockFi, Celsius, and a unit of Genesis. Although accusations of fraud in some of these cases will be a matter for the courts to decide, the sudden domino -like collapse of dozens of digital asset lending firms highlighted an underlying flaw. Their operating structures were inherently unsustainable. These structures lacked a crucial ring -fencing of lending risk. And lenders did not provide the transparency needed for clients to understand their credit underwriting process, or the concentration risks in their lending activities. This outdated structure, coupled with insufficient risk management, was akin to dry wood, eagerly awaiting a spark. And Terraluna, 3 Arrows Capital, and FTX were an entire box of matches. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Markets Daily Crypto Roundup
A highlight from Featured Story | Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
"This episode of Markets Daily is sponsored by Kraken. It's Sunday, September 10th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your featured story. On today's show, we're taking a dive in how crypto lending contributed to last year's collapse and what could be done to fix it. And just a reminder, CoinDesk is a news source and does not provide investment advice. Today's piece comes from Mauricio Di Bartolomeo, the co -founder of Ledin, a digital currency lending company. We'll be using Wondercraft AI to read the story. The piece is titled, Crypto Lenders Caused Crypto Contagion Last Year. How is the industry rebuilding? Loans are as old as money. Throughout history, whether seeds or gold, every form of currency has had its lending market. Now Bitcoin, with its decentralized and transparent nature, has staked its own claim in the financial landscape. And just like the currencies that came before it for Bitcoin to truly thrive, it also needs a robust lending market. However, thus far, most attempts to create a Bitcoin credit market have failed spectacularly, with disastrous repercussions. The demand for Bitcoin and digital asset lending services surged during the 2020 run -up, with tens of billions of client assets flowing towards both centralized and decentralized lending platforms. Fueled in part by lax macroeconomic monetary policies and the crypto sector's explosive growth, this environment allowed bad actors to operate recklessly, misleading consumers without facing significant checks and balances. This lack of oversight ultimately led to the collapse of the digital asset lending industry beginning in 2022, including the cascading bankruptcies of lenders including BlockFi, Celsius, and a unit of Genesis. Although accusations of fraud in some of these cases will be a matter for the courts to decide, the sudden domino -like collapse of dozens of digital asset lending firms highlighted an underlying flaw. Their operating structures were inherently unsustainable. These structures lacked a crucial ring -fencing of lending risk. And lenders did not provide the transparency needed for clients to understand their credit underwriting process, or the concentration risks in their lending activities. This outdated structure, coupled with insufficient risk management, was akin to dry wood, eagerly awaiting a spark. And Terraluna, 3 Arrows Capital, and FTX were an entire box of matches. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 09-08-2023 14:00
"I honestly don't know what the, you know, why the response was that they need a place presence on a elementary school grounds, but as far as, you know, for recess, but it just shows you how extreme our politics has gotten, and we need to take the temperature down in so many respects, this being one of them. Cool it down, bring the temperature down, simmer down, Maura Gillespie, many thanks to you and Jeannie Shanzano, great conversation, a great panel. I'm Joe Matthew in Washington, hour two of Sound On starts. Sound On, politics, policy and perspective from DC's top names, federal spending combined with two lakhs monetary policy has produced this 40 year high on inflation, China policy is driven basically by domestic politics, American families are finding themselves further behind the eight ball, to get anything done in this Congress, it's going to have to be done in a bipartisan way, Bloomberg Sound On with Joe Matthew and Kaylee lines on Bloomberg radio. Joe Biden arrives at the G20 with a warning. Welcome to hour two of Sound On, as the president lands in India now for the big gathering that will not include presidents, Xi or Putin, to warn of cascading crises that could impact the US and global economies. We're going to look at the goals for the administration this weekend and the possible risks facing President Biden with John Sitalides at Trilogy Advisors, a diplomacy consultant for the State Department. His insights are straight ahead. The Georgia grand jury that first investigated Donald Trump.
The Café Bitcoin Podcast
A highlight from Bitcoin News with the Caf Bitcoin Crew + Panties for Bitcoin - September 6th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right. So that's the first time I played that, I think, for one of the live shows. Volume OK? Volume was pretty good, Alex. It had a couple of dips, but overall, it hit good. All right. Cool, cool. Good morning, everybody. Good morning to all of you Cafe Bitcoiners, Dom Bay, Mickey, Tomer. Good morning. I haven't seen you in a little while. How are you? How are you doing? I'm doing good. Yeah, it's nice to connect again. You were on vacation. I was on I don't know, I wasn't on vacation, but I was doing some stuff that was keeping me quite busy and a little bit away from the show. But and maybe you weren't on vacation, but you were away. Who knows? Nice to hear your voice again. Nice to be in dialogue. Let's see where today takes us. Yeah, I mean, officially it was classified as vacation. But the reality is I was busy as hell, but whatever. All good. Good morning, Peter. How are you doing? Good morning. I'm having a great morning. I've had a great week and unfortunately I won't be around. Well, I might be around tomorrow and Friday, but I doubt it because I'm taking my motorcycle and heading up into the mountains. That's awesome. Elaborate. Elaborate. Let's see, I'm driving east of the Cascades to a city called Chelan, and from there I'm going to we're going to I'm going to spend the night there with a friend. And then tomorrow we're going to head up into the we take a series of dirt roads called the Washington BDR, which is the back road discovery route. It's about 100 miles of dirt roads to the next town, which is Wenatchee. And then the next day we do the same thing to Ellensburg. And the next day after that, we do the same thing to a town called Natchez and then I'll head home. So 300 miles or so on dirt roads should be should be fun on the on the behemoth that I drive. I don't know why I have to have the biggest enduro in the universe, but apparently I've got Napoleon syndrome. I just hear in the background, I was the highwayman along the coach roads I did ride. Nicely done. Alex, you got a response to that? I actually I do. There is some nonsense that we have to get out of the way, so we might as well do that now. By the way, good morning and welcome to everyone. You're listening to Cafe Bitcoin episode 428. Our mission for this show is to provide the signal in a sea of noise and chase the other seven billing people on this planet why there's hope because of this bright orange future that we call Bitcoin. And for the nonsense, here we go. Crowds are coming by the dozens to get an up close view at what some say is a piece of Irish folklore, a leprechaun. I don't want to know what I don't want to go in here to go back home. Sorry, I had to remove Alex from the stage for playing that song, but we'll let him back up. What was Alex up to the last two weeks? I think you got booted, bro. Jerk, I think that counts. I'm pretty sure it counts. Some of you motherfuckers out there owe me five million sets. Let's go pay up. Oh, that's fucking awesome, dude. That's amazing. Oh, that's the funniest fucking thing I've seen in a long time. All right, that took me to get the co -host back. Some of you might be highly confused by this. Just just ignore it. Pretend it didn't happen. For those of you who know, you know, somebody owes me five million sets. Let's go. I'll expect payment by the end of the day. Thank you. You need to publish an address, then I'll wait for them to reach out to me. All right, that's good. Well, congratulations. Don't spend it all in one place. Thanks, man. If they pay, I doubt they're going to pay. They're going to come up with some weasel way to say, we don't know you because you didn't follow the rules because of whatever. I don't give a shit. Yeah, you didn't read the fine print. It said the temperature had to be 85 exactly. Hold on. The best part is, is that you played the game. I mean, come on. That's all you can do, right? At some point, you just got to bow down and play the game. I am bound on a nobody. Fuck that. Good morning, Matt C. How you doing? Hey, all doing well. It's nice to be back from summer vacay. Hope everyone had a happy Labor Day and excited for the fall. It's been good. It's been good. What have you been doing in this sideways crabby kind of market, Matt? Just laughing at how predictable this, let's just call it the fourth quarter before the halving always is. Every single cycle, the weirdest FUD comes out and it's the too long, didn't read it is basically what if the Bitcoin halving somehow breaks BTC every single cycle, new cycle, same FUD. It's just a different reiteration. It boggles my mind just how exact history repeats every four years. But I mean, what are you going to do? Mickey, good morning. What's up? Yeah, so it's like it's kind of like that mining death spiral story that pops up every four years. And I think it just illustrates how little these shit coiners really understand about Bitcoin, because because they get, you know, I get my buddy, I talk about him every once in a while, but he loves ETH, you know, and he'll talk shit to me. But every once in a while, he'll text me with just like the most insanely basic question about Bitcoin. And it's like, oh, dude, I thought you were like the crypto expert. I thought you were Bitcoin. I thought you understood everything, but they don't. They're just fed these these narratives from these influencers who are sort of obviously grifting to most of us. But yeah, it's just it's just dumb shit. So, I mean, the minor death spiral is pretty easily fixed by a couple of difficulty adjustments. And then, boom, the day is saved. It's not even it's not even that it's so this is the perfect place to talk about this because you can't explain it in a tweet or two. But what we're watching is the most competitive race of accruing hashrate, increasing your efficiency and putting your competition out of business. You you you're right. You might have the weaker miners that go out of business after the twenty twenty four, but you have the big players that have never been more profitable today. Names that you know of, like Riot, Marathon. These guys are sitting on 60, 70, 80 percent margins today. And you ask, like, well, how is that possible? It's because they keep slamming on the latest and greatest Bitcoin miners that are twice as more powerful and efficient and profit generating as the previous generation. So you're literally putting your competition out of business. You don't have to hire tons of new people or more administrative costs just for putting a couple more computers online. Your only your only impediment is energy costs. But these smart players, they they set their deals in terms of years, three years, five years. And if they're in Texas, they get energy credits just for shutting off. So it's such a it's a nuanced, complex conversation. And you're right, like grifters, crypto influencers, they prey on that FUD, that fear that a new person just doesn't understand. Like, well, I read that if Bitcoin doesn't hit 50K by having all the miners are going to, you know, go bankrupt, it's like that's so there's so much wrong with that and it's impossible to explain in just one tweet. Tomer, do you have any thoughts here? Is there a lot of that FUD going around more than usual or are we more sensitive to the relatively same amount of it that's going around because it's kind of a bear market and it's dull and and the halving is indeed coming up. So we're taking it a little more seriously. I don't actually know. I'm I'm a little bit surprised to hear this because I would say it's hard to put your finger on the timing because you forget, but all this talk of security budget and whatnot seemed like it was a conversation that was maybe at the beginning of this year, if my memory serves correctly, and then it kind of went away because the Bitcoin price went up and the fees went up to use Bitcoin. So it suddenly seemed like the security budget, which is made up, fallacious concept, went away. But it sounds like it's coming back. I think there's always there's always a lot of confusion about Bitcoin and there may always be, but certainly because it's so new, because so few people understand how it works, because it's got so short a history. There are people who are going to try to take advantage of that by intentionally spreading false information. There are people who are going to be honestly mistaken and honestly confused and have pretty rational sounding arguments for why they genuinely believe something is is wrong with Bitcoin. And the only thing that proves them wrong is that Bitcoin keeps functioning exactly as designed. And I think this is really this kind of gets me going on where the whole altcoin space always comes from. All these forks of Bitcoin, the overwhelming majority of altcoins are just copy paste code of Bitcoin and change a few variables and see where it goes. Or they've gotten a little bit more sophisticated since because all of those have died out. But it's really like, why bother? What what's your hypothesis as to what's wrong with Bitcoin that needs to be fixed, especially if Bitcoin is offering itself, presenting itself as money? I think other coins came into existence and tried to offer different things, but wouldn't let go of the fact that like, oh, and we're also money like Bitcoin. And they weren't money like Bitcoin. So they they ended up suffering from this tremendous identity crisis, which still devours them. But I'm kind of going off on a few different tangents. Happy to pick up anywhere without trying to confuse the conversation too much. I see lots of hands up.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Remains Subdued Below $26K
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 5th, 2023, and this is Markets Daily from CoinDesk. Hi, Michelle Musso here with your crypto markets roundup. And on today's show, we're talking Bitcoin, international policy frameworks for crypto and more. And just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin continued its subdued start to the week, having traded below $26 ,000 for the past 24 hours. Bitcoin held between $25 ,500 and $25 ,750 during the Asian trading session today. The enthusiasm following last week's ruling that the SEC must review its rejection of Grayscale Investments application to turn its Bitcoin trust into an ETF has subsided. With other applications that are still kept waiting by the U .S. regulator. The broader crypto market remains in a similar sideways trend, with the CoinDesk market index down to 0 .42 % in 24 hours. According to research provider Fairlead Strategies, Bitcoin bulls may be in for a disappointment. A monthly technical indicator has flashed a so -called overbought downturn signal. The indicator developed in the 1950s recently turned down from above 80, indicating a loss of upward momentum. The indicator oscillates between 0 and 100, with readings above 80 implying overbought conditions. Readings below 20 suggest the opposite. Moving below overbought levels represents a so -called overbought downturn. Previous overbought downturns in early 2021 and December 2017 marked major price tops. Additionally, Bitcoin is unlikely to shed its tag as an unpredictable and volatile asset anytime soon. Crypto traders are increasingly using the largest cryptocurrency as a margin in futures trading. Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. According to research provider Blockware Intelligence, the resurgence of interest in Bitcoin margin contracts brings with it the potential for cascading liquidations that can amplify market volatility. This happens when consecutive liquidations, which are forced closures of positions due to margin shortages, occur, resulting in rapid price fluctuations. Lastly, a survey by trade association World Federation of Exchanges, WFE, reflected a divided attitude toward offering crypto -related products and services. As part of a study of cryptocurrency trading infrastructure, the WFE surveyed its member exchanges with 12 of the 29 respondents, or 41%, saying they're already offering crypto -related products or services. Further, seven plan to offer them in the future, while 10 said they have no such plans. The survey was conducted between May and July of 2022, some months before the FTX collapse, which may have damped attitudes to crypto further in the time since. Today's market segment comes courtesy of Coindesk's Jamie Crawley and Amkar Gabole. Stay tuned for after the break when we'll take a look at some international policy news.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Remains Subdued Below $26K
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 5th, 2023, and this is Markets Daily from CoinDesk. Hi, Michelle Musso here with your crypto markets roundup. And on today's show, we're talking Bitcoin, international policy frameworks for crypto and more. And just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin continued its subdued start to the week, having traded below $26 ,000 for the past 24 hours. Bitcoin held between $25 ,500 and $25 ,750 during the Asian trading session today. The enthusiasm following last week's ruling that the SEC must review its rejection of Grayscale Investments application to turn its Bitcoin trust into an ETF has subsided. With other applications that are still kept waiting by the U .S. regulator. The broader crypto market remains in a similar sideways trend, with the CoinDesk market index down to 0 .42 % in 24 hours. According to research provider Fairlead Strategies, Bitcoin bulls may be in for a disappointment. A monthly technical indicator has flashed a so -called overbought downturn signal. The indicator developed in the 1950s recently turned down from above 80, indicating a loss of upward momentum. The indicator oscillates between 0 and 100, with readings above 80 implying overbought conditions. Readings below 20 suggest the opposite. Moving below overbought levels represents a so -called overbought downturn. Previous overbought downturns in early 2021 and December 2017 marked major price tops. Additionally, Bitcoin is unlikely to shed its tag as an unpredictable and volatile asset anytime soon. Crypto traders are increasingly using the largest cryptocurrency as a margin in futures trading. Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. According to research provider Blockware Intelligence, the resurgence of interest in Bitcoin margin contracts brings with it the potential for cascading liquidations that can amplify market volatility. This happens when consecutive liquidations, which are forced closures of positions due to margin shortages, occur, resulting in rapid price fluctuations. Lastly, a survey by trade association World Federation of Exchanges, WFE, reflected a divided attitude toward offering crypto -related products and services. As part of a study of cryptocurrency trading infrastructure, the WFE surveyed its member exchanges with 12 of the 29 respondents, or 41%, saying they're already offering crypto -related products or services. Further, seven plan to offer them in the future, while 10 said they have no such plans. The survey was conducted between May and July of 2022, some months before the FTX collapse, which may have damped attitudes to crypto further in the time since. Today's market segment comes courtesy of Coindesk's Jamie Crawley and Amkar Gabole. Stay tuned for after the break when we'll take a look at some international policy news.
WTOP
"cascades" Discussed on WTOP
"Ruparelia with cascades one you receive the highest quality full mouth dental restoration we do it all one doctor one office one price all backed by our amazing guarantee your procedure may covered be by your medical insurance call today to learn more call 866 25 sleep or one dot com it's 622 1877 cars for kids KARS cars for kids 877 KARS4Kids donate your car today donate today at KARS4Kids that's KARS with a K your car can be picked up as soon as the next day receive 1 -KARS4KIDS -877 donate your car today now accepting donations of land buildings homes or any kind of real estate this is for the top kids the ones who go above and beyond who help their family friends neighbors and classmates this is your chance it's WTOP's top kids awards in partnership with Northwest Federal Credit Union nominate the top kid in your life by October 28 they could win $500 and be featured on WTOP on air and online visit wtop .com and search top kids sponsored by Northwest Federal Credit Union this is WTOP news it's 623 a montgomery county man is in hot water after allegedly spying on a couple staying in a silver airbnb last month and NBC4 reports that Larry Goyce faces several invasion of
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"In North Cascades National Park may seem relatively insignificant compared to recent fires but it's burning in exceptionally rugged mountainous rain. Even the state's elite hotshot firefighters have withdrawn due to falling rocks and debris. So far there is no containment and crews have heard of it. That's Eric Keller with the Department of Natural Resources who tells KXLY TV the planes needed are to extinguish several fires near Spokane this week as well. Fire season is in full swing and so far crews are battling at least seven major wildfires here in Washington State. Jeff Pogue on Northwest News Radio. violent Two attacks on light rail trains in less than 24 hours apart in broad daylight. It's prompting major safety concerns. Blood scattered throughout a light rail train near Angle Lake. In this case we learned a man was this stabbed past Sunday morning following an altercation with another rider. It happened less than 24 hours after another attack when a man was beaten in the head with a rock and seriously hurt on board a train here in Soto. All of it at one o 'clock in the afternoon on a Saturday. These attacks come two months after Sound Transit added dozens of additional security workers with new guards placed at every station within the Sound Transit system. It's nice to see them around and it's good to have folks around in case you need it. Como News reached out to Sound Transit about these recent attacks. They pointed us for comment with the Sheriff's Office and didn't say anything For more. their part, the Sheriff's Office says that the suspects in these cases are still out there and they are still unsure if these cases are connected to one another. Brian Sims, Como News. Starting next weekend, Sound Transit will suspend Link light light rail service from the Seattle Soto Station to Capitol Hill for at least a week because the ground the tracks are on is sinking. That closure is set to begin August 12th through August 20th. The tracks at Royal Bromway need to be reconstructed. A second light rail project will follow shortly after as crews replace cracked or broken tiles at the Othello and Rainier Beach Stations. New court filings by the attorneys for Brian Coburger claimed that he was out driving alone on the night of the murders of four University of Idaho students. Lawyers for the former Washington State University criminology student have by been asked the state to reveal his alibi. Those new documents also state that there was no witnesses to operate his exact location at the time of the murders. His lawyer claims that he regularly took drives late at night by A himself. man and a teenager are facing and a 17 -year -old boy allegedly forced two women into prostitution in July, taking their phones and identification to prevent them from leaving. The lamb pleaded not guilty to charges of promoting prostitution in July. Now being held at the King County Jail on $200 ,000 bail, trial is set to begin in September, the teenager is being held in juvenile detention awaiting for an hour. Robbers getting the attention of Congress and U .S. Representative Kim Schrier, who's co -sponsoring the Combating Organized Retail Crime Act, Schrier says a national retail crime center would be run by the Department of Homeland Security. It also requires Department of Homeland Security and the Department of Justice to focus on organized retail crime and to do it together in a coordinated fashion, that's critical. Organized retail crime comes cost at a of $700 billion a year nationwide, almost $3 billion a year here in Washington. Well, here we go, the Blue Angels begin three days of shows today. Not only will you see employees, this noise is very foreign to the pets and it's very similar to the fireworks for the Fourth of July. Dr. Peter Brown, host of our new Saturday Pet Show, pause and listen, says the best thing you can do is make sure your pet isn't alone. As much as we think of them comforting us, we are also the comfort for And them. so having them be alone is a scary time, especially with noise like that. He says several pets run away every year during seafair because they're afraid of the loud noise. It's 5 10. Let's get over to the Beacon Plumbing Sports desk and wish a good morning to Eric Heitz. Marlo blasted a go ahead grand slam on the the top of ninth to lift the Mariners over the L .A. Angels last night 5 3. It was Marlo's second home run of the season which a erased two run deficit and put the M's ahead for good. Managers got services. It was a cool moment for the rookie. Didn't expect grand slams in the ninth inning against the closers and stuff like that. But he's an awesome competitor and he's not overthinking it. He's just playing baseball and he's enjoying it and he's having a lot of success. Good for him. Good for us Suarez anywhere also went deep for the M's. Angels starter Shohei
WTOP
"cascades" Discussed on WTOP
"25 sleep or visit cascades one .com it's 1038 traffic and weather on the 8th Rob Stallworth is in the traffic center in Maryland northbound I 270 leaving Germantown headed toward Frederick crash between at this point 121 and 109 is in the roadway uncertain as to which lane or lanes may be blocked so watch out delays are of course northbound leaving Germantown headed toward Frederick due to the crash between in Hyatt's town out of loop in Silver Spring University Boulevard that's where we had the right time in the off -ramp block for the crash scene there last report you were staying left to get by eastbound 50 headed toward the Bay Bridge about a four and a half mile back up past Baydale Drive toward the eastbound span three with three lanes east lanes and two west traveling in White Oak if you're on 29 it's closed between New Hampshire Avenue Southwood and Avenue as a result of the utility work they're doing to replace those down pole and down wires traveling on Addison Road between Martin Luther King Jr. Highway and E Street you're in the police as direction a result of the crash that was earlier this morning otherwise if you're traveling at this point on the BW Parkway northbound between 201 Kenilworth Avenue and 202 the right lane is blocked for the mowing work there. Virginia Beltway and loop slows leaving Tysons headed toward McLean and across the American Legion Bridge no problems on 66 I -95 southbound on the brakes mainly as you leave Quantico headed down toward Garrisville and emerge from express the into the main lanes then continue further south toward Fredericksburg northbound I -95 before Route 3 Plank Road that's where we had the left side blocked for the crash and response on scene. The U .S. Small Business Administration can help you start manage and grow your small business learn how at SBA .gov slash Rob start. Stalworth WTOP traffic. Now the forecast from 7 News First Alert meteorologist Jordan Nevins. Highs today around 87 degrees lows tonight back down to 74
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"At refunds pro dot com. That's refunds with an S pro dot com. Everybody deserves to spring break and Bill Schwartz has just the ticket Amtrak cascades spring break it with a date or friend. You'll laugh as you fly by traffic and enjoy a hot meal in a beverage, take in the sights without a care in the world. Tickets and group specials and track cascades dot com. It's 5 54. And time to take a look at traffic we do it every ten minutes from the high performance homes traffic center. Here's Kiara Jordan. We continue to work with a stall in Seattle, north on I 5 at Al bro. It's blocking the right lane. It's going to slow you down around that immediate area. Now we have a new blocking problem in Bellevue. This is going to be an 8 response. It's on eastbound 5 20 as you're approaching a 148th. It looks like that is blocking the HOV lane and just slowing it down at this point around that immediate area. We are rather heavy on northbound one 6 7 between a 180th and four O 5 and crowding on northbound four O 5 as you're approaching Talbot, South Africa, four or 5, basically wide open, not too much slowness down south and I 5 a little hesitation at that offer up to the Boeing freeway, but it's only going to last for a brief moment. Our next northwest traffic app, 6 O four. And this report sponsored by Michael shoot bingo no matter what there's a time to play at uncle shute bingo. Matinee sessions start every day at noon, and evening sessions start at 7, Michael shoot bingo and auburn your home for shingo. Your forecast sponsored by northwest crawlspace services a mix of showers and sun breaks today, high of 54° chance of rain tonight and we'll do it again tomorrow showers and sun breaks with highs in the mid 50s right now in Everett 44° in Tacoma. We have 42 N in Seattle, cloudy skies, and 44°.
Northwest Newsradio
"cascades" Discussed on Northwest Newsradio
"Mentioned the hydroplane baseball museum here with a hand pack gift to all the Seattle today. Well, let's now get the share a little Donald who asked me to give you indication yesterday of a green light to get up skiing as long as I hit it for the south cascades and blizzard driving at first, but boy the sun came out. Yeah, it was a blue day. Skies on some weekend tries here. Shannon, what do you got? Well, hi there markets the first weekend of March and it is time for the muscle fest going on this weekend in Penn cove there and coop ville if you're heading up to would be island dress with a couple of layers on, it will be chilly, especially for the first half as scattered showers, heights just in the low 40s there around coop vel back toward Langley two, but a little bit brighter and warmer on Sunday upper 40s as we start drying out them. The bourbon bash is happening in Bellevue. We have a cultural cultural, if I could say that Celebration happening in Lacey. Nice a way to warm up this weekend might be with the hot cocoa run, of course your chili when you're out there along the lower terrain near Queen angel and Seattle center, but that hot chocolate should warm you up thereafter. As we head into, again, the second half of the week, and it looks a little bit warmer and brighter, but still cool overall. The doll in miniature show is happening into quilla near south center, sewing sounds like a cozy way to spend this weekend and we've got the sewing and stitching expo happening around puebla at the fairgrounds. Of course, it's Comic-Con, the emerald city Comic-Con is underway this weekend in no other than the emerald city in Seattle. We have a wine festival going on in snohomish, and if you can cross the cascades and get over to winthrop, it is time for the balloon roundup, the hot air balloons taken off there in the north central part of the state. Again, past travel still looking a little dicey for Saturday, good skiing though will see another two to 7 inches of fresh winter wide around white pass crystal mountain and back toward Stevens and then by Sunday easier past travel easier for getting out and doing some voting or walking along the beaches as well. As Mark, we do start warming and brightening little by little by early next week. And by the way, the sun sets after 6 o'clock finally as we head into Sunday as well. Something to look forward to. In the couple four weather center, I meteorologist Shannon O'Donnell. Snowboarders pace yourself too. It's a lot of snow, don't wear yourself out too. Look for your children's eyes, and you will discover the true magic of a forest. Find a forest near you and start exploring at discover the forest dot org brought to you by the United States forest service and the ad council. You saved my life. You held my hand when I was scared. You helped me say goodbye to my dad. You were an example for me. You gave me strength when I thought I had none left. I couldn't tell you then, but I want to say
KCRW
"cascades" Discussed on KCRW
"And from the Walton Family Foundation, working to solve social environmental problems to improve lives today and benefit future generations. More information at Walton Family Foundation daughter work It's 5 46. It's morning edition from NPR News. I'm Steve Inskeep, and I'm Noel King be parted State on middle Week. Source. She doesn't She plucks out one head amid a sea of wheat. See how the week had his curls like that. And then you break into it. You might have some Berries down here, but this will be empty. It's all empty. There's no weak in inside the weed head. The bergs aren't the only one suffering the region is bone dry from near the Canadian border clear to the edge of Nevada. The drought is spreading west over the Cascades. Jeff Marty is a drought expert for the Washington State Department of Ecology, He says despite good snow pack, It hasn't been this dry since the 19 twenties. Yes, a story of the Irrigation haves and the irrigation have nots, meaning those folks who get their water from rivers or storage are probably going to be fine. For their irrigation needs. But the dry land users and the folks that have cattle that depend on forge on the range lands, they may be more challenged. Looking ahead, Marty says The warming climate may mean war rain for the Northwest, but also much less snowpack that melts sooner. That could stress water supplies even more. This spring. It's also been windy here, further drying out the landscape like a blow dryer. On the east end of the Columbia River Gorge. Cattle rancher Gary has is having a hard time, too. He recently sold 70 mother cows with calves at their sides to another operator out of Wyoming. They had many more good calves in them, and he hated to see them go. But he has no grass to keep them and you have to sell younger cows that Disappointment, but that's something we had to do with. The kind of whether we have dolls, cover years and and the drought and lack of feedback water. We're just finally we had the cutback has says it's hard to lose animals and bloodlines. He's worked so hard to build up. His McBride Herford Ranch is now six generations old. He figures it could take him up to a decade to build his herd back up without going into debt. Has sits in his muddy pick up and his eyes start to well up a bit diverted just Something we had to do. Hess, another Northwest ranchers say they don't have time to dwell on the truck, doff cattle or lost crops. They're busy applying for federal disaster aid, and they're also keeping an eye out for the coming wildfires. Always a concern, but expected to be worse because of this year's terrible drought. For NPR news. I'm Anna King outside of Alder, Dale Washington. You're listening to morning edition from NPR news. I'm Noel King and I'm Steve Inskeep. And this is KCRW support comes from Started this Friday, June 4th and running through June complimentary out The militia movement Maykel to find armed far right paramilitary groups to join and so far, efforts to take it down have not been successful. You'll find out why In about 15 minutes. Today on press play the pandemic made working from home the norm for lots of us. But with more than half of American adults vaccinated is working from home here to stay. I think the power is much more in the hands of the workers, then even some executives may understand attack. Let's work work work work. Let's work work. KCRW sponsors include truest wealth dedicated to creating meaningful relationships to understand clients so they may protect and pursue what truly matters most truest wealth. It's 5 51..
CMAJ Podcasts
"cascades" Discussed on CMAJ Podcasts
"That may cars potential harm. So that's an example. A non-surgical anti-inflammatory drug leading to hypertension. And therefore the initiation of anti hypertensive i think is an example. That is one of the common ones and you can imagine the that could be the result of prescribed medication or it could potentially be something taken over the counter. Yeah imagine that is very common. So what's the best way for physicians to prevent prescribing cascades in the first place. Well i think when when you're thinking about Prescribing you know. I think you always need to think about when you're starting the drug is you know. Is this drug needed at all. So if you're if you're thinking about somebody showing up for example wisdom. Something like arthritis comfort is possible that you could think about a non pharmacologic approach so that would be an obvious sort of place that you might wanna start but if you are thinking about starting a drug therapy you obviously want to pick something that has the fewest potential side effects associated with it and using the lowest dose that you potentially need to do so. That's sort of one of the things that you might be doing going forward but if you're thinking about the the prescribing cascade and when you're looking at a person who's in front of you and you're you're thinking about their medications. I think it's important to sort of stop and always sort of look at the medications and you know wonder if these potentially could be leading to prescribing cascade. And if they are you would the way you might identified as understanding the sequence of events that has developed in terms of how that came to be. And then you'd have to ask you know. Take a look at the initial medication like for example in this case the inside and you might ask first off. Do they need that medicine. Is it something that they need it. All could there be non pharmacologic approach could the dose be lowered or another therapy. That could be used instead that wouldn't result in such a prescribing cascade..
CMAJ Podcasts
"cascades" Discussed on CMAJ Podcasts
"Of older adults cold. A prescribing cascade is important for physicians to be aware of although it's not always easy to detect. I'm dr patrick. Executive editor for the canadian medical association journal today. I'm talking to dr paula. Rochon who is one of the office of the image a practice ought to cold five things to know about prescribing cascades in older adults police geriatrician at women's college hospital and the arts. Yo chair in geriatric medicine at the university of toronto. I've reached her today wrong. Sir hello cola lou. How are you. I'm great thanks for joining me today. Disarray really interesting problem. So can you stop. I telling us what is prescribing cascade. exactly well prescribing. Cascade is something that i i saw in clinical practice when i was working as geriatrician in the long term care setting and it occurs when a drug therapy is prescribed when a side effect later develops and as a result of that. The provider prescribes additional medications to treat that side effect without realizing that. It's a related to an earlier medication and this in turn puts the individual at risk for further drug related problems complications. What are some noteworthy examples that you have seen perhaps in clinics well i. I've seen a number of them. And i think when i go back to when when i started recognizing this problem i remember again in the long term care setting being asked to see an older woman who at that time had what was recurrent and very painful gout known as you can imagine. That's not a pleasant sort of thing to have and after going through medications it it looked like perhaps this gout was being triggered by a diuretic therapy that she was being given to treat some very mild leg. Dima you know so. She had a bit of swelling at her physician. Would head started her. On a diuretic to treat that swelling and by figuring this out. And i must say it wasn't something that i figured out immediately. It took a while before we sort of saw this pattern. We realize that this was really a prescribing cascade. And when we were able to recognize it we were able to stop the diabetic and were able to prevent the further episodes of gout developing. And you know we were able to find other ways to treat on the idea that she had. That didn't involve a medication. So it is kind of interesting because the fact that this person was in long term care meant that it was somebody that we were able to see over time and to be able to see this develop but it. It did bring to my attention the fact that the sequences often not recognize. Because it's something that develops in weeks and months and people might often say oh in an older person. Perhaps a little bit of swelling might not be unusual so they may think it's it's age related and just dismiss it and it's also not really recognized as something that would necessarily be drug related so people don't really make the connection. But i guess when you see people over time and you had a chance to look for patterns. That's where things like. This became apparent. So i'm curious you said it took a little while to figure it out and it seems to me like you need to be bit of detective. So how did you manage to figure it out will in this particular case. I think i saw that individual more than once. You know I must say before. I was able to identify that sequence but it makes you realize that really important to always look at medications which is something i think especially people working with older people know it's really important to look at medications and it's important to look at the sequence of things In terms of the way they're prescribed because that gives you a clue you know. What were you on first. Then what happened..
KOMO
"cascades" Discussed on KOMO
"In slow past travel up there at the Cascades today through Wednesday morning, and the couple weather center meteorologist Kristen Clark, we have some showers. It's 42 in downtown Seattle right now. Come on news time. 6 35 wildfires burned across more than 10 million acres of this country last year. And now research suggests that that noxious air may have been far more dangerous than previously thought We'd get more live from Kemal's Carleen Johnson. That brownish haze that makes your eyes water and your throat super sore may be transferred, transporting countless living microbes that can seep into our lungs cling to our skin. Research published in the journal Science, suggests the airborne pathogens can sick and all of us, but the problem is we're seriously behind the curve and knowing just how damaging things are long term. University of Idaho's wildland Fire science director tells the L A times. The diversity of microbes they found is really what she says is mind blowing welfare smoke now accounts for up to half of all fine particle pollution in the western half of the country. And even more worrisome and about a global pandemic that attacks the respiratory system. And they say microbe silk wire smoke every year could be considered a growing health risk and needs much further study. Curling. Johnson come on New Last night, A small group of protesters showed up in the rain and Olympia to protest the arrest of homeless activists on Sunday, they wanted to voice their anger over the tactics used by police to remove that group from the Red Lion Hotel. Demonstrators think it was inappropriate for officers to deploy flash bangs inside rooms. And people were arrested following the violent takeover and standoff. We're getting a better idea of why those people tried to take over the hotel over the weekend group responsible is known as on Lee housing. Now it's a group that claims to advocate for homeless people. Police and court records say that many of the protesters had knives when they went to the Red Lion Hotel and threatened staff just staff members. There were terrified. They immediately very shortly thereafter nearly went down to the basement, split into the basement and locked themselves in the laundry room. Some of the 10 arrested are facing assault charges, while others are facing burglary charges for what happened on Sunday. Their plan, according to police was to buy a night's stay in 17 of the Red Lines rooms and then have homeless people stay in them the next day. Rather than leaving, the protesters plan to take over the hotel and told people to stay in their rooms. That's cool. Most Kelly Koopmans homeowners time 6 38 natural gas is out in Seattle is a source of heat for new construction. Almost Corwin hate reports. The new band is part of a plan to reduce the city's greenhouse gas emissions under legislation passed by the full council. Monday. Newly constructed buildings in Seattle may no longer be heated with natural gas norm, a natural gas be used to heat water tanks. Homebuilder.
KOMO
"cascades" Discussed on KOMO
"Over the volcanoes in the North Cascades. Little to no sign over the passes tomorrow, I'm meteorologist Abby accounting become a weather center. Hundreds detained in Moscow. These are your world Headlines from ABC News. Russian police have closed metro stations and are restricting movement in the capital as protests began across the country in support of jailed opposition leader Alexei Navalny. He was jailed on his return to Russia after recovering from an assassination attempt. He's accused of not complying with the suspended jail sentence. France has banned all but essential travel from outside the EU and the strengthening testing requirements from travelers from inside Europe. Country is also enforcing a stricter night curfew, but it's so far resisting a new national lockdown. The prime minister of the Central African Republic said the situation in the capital Bunkie was apocalyptic as rebels began encircling the city. Fighting in the last few weeks has driven 200,000 people to flee their homes. Rebel forces now control two thirds of the capital. Australian city of Path is entering a snap five day lockdown after a security guard working out of quarantine hotel has tested positive for covert 19. Julia McFarlane ABC News at the Foreign Desk, London Almonds on the topic in today's cooking with Kathy Casey Hail the Mighty Allman, the crunchy Nut that's packed with flavor and healthy goodness available in so many forms. Raw toasted milk, butter and oil. This Nettie ingredient can be used in just about anything. Pancakes. Smoothie desserts dips its analysts. This superfood is super healthy, packed with vitamin E and rich and dietary fiber and healthy fats. Plus, they're a super protein source and easy to have a little snack.