40 Burst results for "Euro"
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | SEC Chair Faces Harsh Questions as Ether Spot ETF Proposals Hit Delays
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 28th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto's Macro Noun newsletter on Substack. On today's show, we're talking about Ether ETFs, SEC confusion, and more. So you don't miss an episode. Be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Well, Bitcoin has been busy over the past 24 hours. After that nice run -up yesterday that I thought was a sign of strong investor support, the Bitcoin price rapidly fell back down again. It has been climbing since, however. At 10 a .m. Eastern time, it was more or less flat, trading at $26 ,532. Depending on what happens over the next couple of days, Bitcoin could break the trend of negative performance in September. The ninth month is typically a weak one for crypto's leading asset, delivering negative returns over the past six Septembers. Bitcoin's average performance for the month is almost negative 5%. As of this morning, however, the asset price is up more than 2 % month to date. That kind of a break in the trend would be welcome news. In Ether, interesting things are happening. Like Bitcoin, it climbed yesterday and then fell back, only to start climbing again, but with a more consistent slope, suggesting a steadier over the past 24 hours. Relative to Bitcoin, Ether has notably outperformed over the past week, climbing two tenths of a percent versus Bitcoin's drop of 2 .3%. This could be due to the likely listing next week of the first Ether futures ETFs, which could boost demand and market volume. I'll talk more about this in a moment. In traditional markets, US stocks closed more less flat yesterday, rising in the second half to recover early losses. Over the past 10 days, the S &P 500 is down more than 4 .3%, the steepest 10 -day drop since March. You may remember that March was banking stress month. Investors are rattled by the surge in 10 -year Treasury yields, which yesterday rose above 4 .6 % for the first time since October 2007. The rising rates are investors for three main reasons. One, there's the patterns last seen just before the great financial crisis of 2007 -2008. Two, there's also the impact on company earnings. An article in the Financial Times this morning pointed out that interest expenses for the S &P 600 small cap index hit a record high in the latest batch of second quarter earnings. And 30 % of companies in the S &P 500 are now trading at a higher rate. Reason three, there's the message the market is sending. This is that it expects rates to remain higher for longer. This is likely to keep the dollar strong and inflict more pain on global markets. In Europe, stock indices have been taking a breather from their recent drops, with most showing moderate gains so far today. Over the past month, however, the Euro Stoxx 50, which tracks Eurozone blue chips, is down over 4 .3%. An index of Eurozone economic sentiment released this morning showed a fifth consecutive monthly drop in September. Inflation expectations rose. In commodities, oil prices continued their climb in the face of fears of supply shortages. The Brent crude benchmark rose above $96 per barrel for the first time this year this morning and is now almost 6 .5 % above its level a year ago. However, the market is signalling that this could abate soon. The prices of futures contracts six months out is lower. This suggests a scramble for spot delivery. In other words, oil now and not later. This has been most likely triggered by reports of reserve drawdowns in the US and the need in many areas to build up stocks as winter approaches. Moving over to gold, after a brief attempt at a recovery earlier today, gold slumped back to its support at $1 ,874 per ounce. Like Bitcoin, gold is holding up surprisingly well given the strength of the dollar and of real yields, which are yields adjusted for inflation. Gold normally moves inversely to real yields. When these are high, gold is less attractive as it doesn't produce an income. As measured by the 10 -year Treasury inflation -protected securities, real yields are at their highest since 2009. The last time they were at these levels, gold was roughly half the price it is today. One key macro data point to watch out for is the US Personal Consumption Expenditures Index, or the PCE. This is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all US households and non -profits, while the CPI only measures purchases by urban households. Tomorrow morning Eastern Time, we get the latest data for August expected to show an uptick. This will largely be due to higher energy prices. Stripping out higher energy and food prices gives us the core PCE index growth, which is what the Fed focuses on. This is forecast to show a continued downtrend. Remember, though, that August's core CPI grew by slightly more month -on -month than expected, so there may be a negative surprise tomorrow as well. This will be relevant for interest rate expectations. Stubborn inflation means that rates will remain, and you've heard this before, higher for longer. Stay tuned, after the break we'll take a look at more SEC frustration and at the likely listing of Ether futures ETFs.
The Bitboy Crypto Podcast
Fresh update on "euro" discussed on The Bitboy Crypto Podcast
"Bitcoin's chart alone kind of is hinting at a fall in price. I've been saying this for a while, but even more so you look at those two big charts, oil and the Dixie, it's not looking like the next couple of weeks are going to be great. The Dixie is a basket of six different things. It's the Euro, UK pound, Canadian dollar, Japanese yen, Swedish kronor, and the Swiss franc. Okay. Okay. Good stuff there. Yeah. The Dxy. Yeah. The good old basket of currencies. No loonies and tunis for Canada. No loonies and tunis for Canada. No, not today. Not today. All right. Well, let's talk about Bitcoin's jump, ignoring the Dxy's rise to a 10 month high as XRP eyes the death cross. We looked at the death cross yesterday, so we might skip over that part. Bitcoin rose 2% to 26,750 even as the dollar index which gauges the greenbacks value against the major currencies BJ just listed reached a fresh 10 month high of 106.48. I do want to say this about the oil, seeing the 106 reminded me of oil's price. Gareth Soloway is coming in bearish on oil saying it's not going to expand. It's got a lot of strong resistance. I saw some diagonal lines on a chart, folks. So, you know, I'm just going to watch out for those lines. You got to, well, they're scary. 72% of the time will play out on certain things, you know, so you never know. A rise in the dollar index usually has a bearish impact on risk assets, including cryptocurrency. So, despite Dxy 10 month high, we have Bitcoin still deciding to climb. Coin analyze shows that the early rise from 26 was accompanied by an uptick in the spot market cumulative volume delta is a sign of net capital inflows or net buying in the spot market. The CVD in the stable coin margin and coin margin futures contracts led the market higher. So, we got stable coins and we got some institutional money coming in, baby. That is a good thing.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 09-28-2023 07:00
"Do you need a better way to respond to FAQs so your staff doesn't go crazy answering the same questions over and over and over again? Vonage does that. With the ability to have AI -powered conversations in over 100 languages, Vonage virtual assistants can instantly connect to your contact center and answer calls, providing answers any time of day. Your live agents can be free for more complex cases. Learn more about the benefits of conversational AI and see everything Vonage can do for your business at Vonage .com. It's too early? I think you have to be very valuation sensitive in this market. Buying duration in here, we're about to start swimming downstream again. I don't think that you're going to re -enter a bear market in equities. I think there's a lot getting built in that's momentum right now. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. So much feedback on Dan Ives's shirt this morning, live from New York City. Good morning, good morning for our audience worldwide. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Farrow. Your equity market just turning positive at the close yesterday. It continues this morning. In the last one hour or so, we're up by 0 .1 % on the S &P. Elsewhere, new cycle highs in the bond market on a 10 -year, on a 30 -year. $95 crude briefly on WTI. And in the past day or so, Tom, we've got DXY highs we haven't seen for at least 12 months. It's good to go to DXY. Blended major trading currency about 54 % Euro, 106 level, unimaginable 90 days ago. John, I just would really emphasize on a Thursday with massive economic data at 8 .30. What I would emphasize, it's an equity market with a VIX of 18 .18 removed from the turmoil in bonds in FX. Big turmoil. I'd put it that way, Tom, and I'm with you. Away from equities. We've talked about this already this morning. Worth going over again, Brahmo. Stocks have been a bit of a snooze. 7 % move. Yes, it's sizable. It's noteworthy, but based on what you're seeing in treasuries, you already haven't seen for 15.
Bloomberg Radio New York - Recording Feed
Fresh update on "euro" discussed on Bloomberg Radio New York - Recording Feed
"Do you need a better way to respond to FAQs so your staff doesn't go crazy answering the same questions over and over and over again? Vonage does that. With the ability to have AI-powered conversations in over 100 languages, Vonage virtual assistants can instantly connect to your contact center and answer calls, providing answers any time of day. Your live agents can be free for more complex cases. Learn more about the benefits of conversational AI and see everything Vonage can do for your business at Vonage.com. It's too early? I think you have to be very valuation sensitive in this market. Buying duration in here, we're about to start swimming downstream again. I don't think that you're going to re-enter a bear market in equities. I think there's a lot getting built in that's momentum right now. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. So much feedback on Dan Ives's shirt this morning, live from New York City. Good morning, good morning for our audience worldwide. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Farrow. Your equity market just turning positive at the close yesterday. It continues this morning. In the last one hour or so, we're up by 0.1% on the S &P. Elsewhere, new cycle highs in the bond market on a 10-year, on a 30-year. $95 crude briefly on WTI. And in the past day or so, Tom, we've got DXY highs we haven't seen for at least 12 months. It's good to go to DXY. Blended major trading currency about 54% Euro, 106 level, unimaginable 90 days ago. John, I just would really emphasize on a Thursday with massive economic data at 8.30. What I would emphasize, it's an equity market with a VIX of 18.18 removed from the turmoil in bonds in FX. Big turmoil. I'd put it that way, Tom, and I'm with you. Away from equities. We've talked about this already this morning. Worth going over again, Brahmo. Stocks have been a bit of a snooze. 7% move. Yes, it's sizable. It's noteworthy, but based on what you're seeing in treasuries, you already haven't seen for 15.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin ETFs in Limbo, Regulatory Moves, and Global Crypto Growth
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 27th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto's Macro Now newsletter on Substack. On today's show, we're talking about Bitcoin ETFs, crypto market expansion, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Bitcoin jumped earlier today after a couple of days of continuing to trade range -bound. And it was up over 1 .6 % over the past 24 hours, trading at $26 ,606. This comes in spite of another delay from the SEC on two of the outstanding Bitcoin spot ETF proposals. More on this in a moment. It also comes in the absence of any clear positive catalysts. We could be seeing the manifestation of a strengthening investor interest. Given the eye -watering climb in the US dollar over the past few months and the spreading acceptance of the Fed's higher -for -longer mantra, it is surprising that Bitcoin hasn't been under more pressure. Its relative resilience suggests steady support. What we're seeing now could be the support picking up. Ether increased by even more than Bitcoin and is trading up roughly 2 .2 % over the past 24 hours, up at $1 ,619. In traditional markets, US stocks are steadying after yesterday's drop, with the S &P 500 and NASDAQ both up almost 0 .2 % and the Dow Jones flat. The markets are uneasy, though. One index to keep an eye on is the VIX, which measures implied stock market volatility derived from options pricing. Yesterday, this reached its highest level since May. In Europe, stocks also seem to be taking a breather. The FTSE 100 is down just over 0 .1%, while the German DAX and the Euro stock 600 are both flat on yesterday's close. In Asia, Japan's Nikkei index rose almost 0 .2 % on the back of reports that Japanese Prime Minister Fumio Kishida has asked his cabinet to compile a new economic plan to ease the pain of inflation. China's Shanghai Composite also rose 0 .2 % after indications from the country's central bank that it would step up policy adjustments to support the economy. This also boosted the Hang Seng, which was up more than 0 .8%. In commodities, the Brent crude benchmark has resumed its climb. Data out yesterday showed that US crude stockpiles at the key Cushing, Oklahoma storage hub are at their lowest in 14 months. This is understandably keeping traders on edge. This morning, the price once again broke above $94 per barrel. This is an increase of 4 % from the weekly low reached on Tuesday. Brent is now 25%, above its price in June, when Saudi Arabia and Russia announced production cuts. The decline in the gold price continues, down 0 .7 % so far today, and down almost 2 % since the beginning of the week. The price per ounce is currently $1 ,887, the lowest since early March. Stay tuned, after the break, we'll take a look at some moves on the ETF front, and more crypto expansion outside the US.
Bloomberg Daybreak Europe
Fresh update on "euro" discussed on Bloomberg Daybreak Europe
"Bloomberg Daybreak Asia Edition today on Apple, Spotify, and everywhere you get your podcasts. Bloomberg. Context changes everything. Markets headlines and breaking news 24 today at Bloomberg .com on Bloomberg Television and the Bloomberg Business App. This is a Business Flash. It's 7 .40 in London. I'm Stephen Carroll. Let's check on the latest market moves for you. So as we head towards the start of the cash but he's trading session in Europe Euro stocks 50 futures are a 10th of 1 % higher so to our footsie 100 futures and cat futures in Paris DAX futures are a little bit higher up by three tenths of 1 % of course oil price is part of market the big narrative we're following for you this morning WTI inching nine tenths
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin ETFs in Limbo, Regulatory Moves, and Global Crypto Growth
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 27th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto's Macro Now newsletter on Substack. On today's show, we're talking about Bitcoin ETFs, crypto market expansion, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Bitcoin jumped earlier today after a couple of days of continuing to trade range -bound. And it was up over 1 .6 % over the past 24 hours, trading at $26 ,606. This comes in spite of another delay from the SEC on two of the outstanding Bitcoin spot ETF proposals. More on this in a moment. It also comes in the absence of any clear positive catalysts. We could be seeing the manifestation of a strengthening investor interest. Given the eye -watering climb in the US dollar over the past few months and the spreading acceptance of the Fed's higher -for -longer mantra, it is surprising that Bitcoin hasn't been under more pressure. Its relative resilience suggests steady support. What we're seeing now could be the support picking up. Ether increased by even more than Bitcoin and is trading up roughly 2 .2 % over the past 24 hours, up at $1 ,619. In traditional markets, US stocks are steadying after yesterday's drop, with the S &P 500 and NASDAQ both up almost 0 .2 % and the Dow Jones flat. The markets are uneasy, though. One index to keep an eye on is the VIX, which measures implied stock market volatility derived from options pricing. Yesterday, this reached its highest level since May. In Europe, stocks also seem to be taking a breather. The FTSE 100 is down just over 0 .1%, while the German DAX and the Euro stock 600 are both flat on yesterday's close. In Asia, Japan's Nikkei index rose almost 0 .2 % on the back of reports that Japanese Prime Minister Fumio Kishida has asked his cabinet to compile a new economic plan to ease the pain of inflation. China's Shanghai Composite also rose 0 .2 % after indications from the country's central bank that it would step up policy adjustments to support the economy. This also boosted the Hang Seng, which was up more than 0 .8%. In commodities, the Brent crude benchmark has resumed its climb. Data out yesterday showed that US crude stockpiles at the key Cushing, Oklahoma storage hub are at their lowest in 14 months. This is understandably keeping traders on edge. This morning, the price once again broke above $94 per barrel. This is an increase of 4 % from the weekly low reached on Tuesday. Brent is now 25%, above its price in June, when Saudi Arabia and Russia announced production cuts. The decline in the gold price continues, down 0 .7 % so far today, and down almost 2 % since the beginning of the week. The price per ounce is currently $1 ,887, the lowest since early March. Stay tuned, after the break, we'll take a look at some moves on the ETF front, and more crypto expansion outside the US.
Bloomberg Daybreak Europe
Fresh update on "euro" discussed on Bloomberg Daybreak Europe
"At for that site as well so in the words of a matter sent from energy aspects pushing is dry and that is an issue around inventory and access to oil in the US so that's part of the price movements there in In Asia we have seen the Nikkei in Tokyo finish down one and a half percent. The Hang Seng's 1 .4 percent lower this morning also looking at the suspension of shares trading in the property developer Evergrande to Part of the story around worries in the property market of course Evergrande's the most indebted property developer in the world in fact as that's part of the story that's moving the Hang Seng lower this morning and looking towards a European stock futures Euro stock 30 futures just back to the upside at the moment FTSE 100 futures up by a tenth of one percent CAC futures are flat DAX features are tenths two higher on Wall Street S &P E -minis are higher by a tenth of one percent and on the bond markets we are seeing the 10 year treasury yield now just a basis point lower just shy of four point six percent and the two -year yield is at five point one two percent we see the big move in Japanese bonds earlier as well the 20 -year bond rising to its highest yields rather rising to the highest since 2014 and so we're watching for you the Japanese yen a little bit stronger today but still at 149 .39 against the dollar of the euros flat against the dollar at 105 the pound on cable at 120 137 that's your Bloomberg radio business flash Stephen thank you so much would -be home buyers are feeling the strain here in the UK UK the UK has seen the biggest home discounts in almost five years the average discount asking price for a newly agreed home sale was nearly five percent in London in the southeast of England this month that's according to the property portal Zoopla meanwhile a KPMG survey has evidence of the impact on borrowers as mortgage costs are now triple what they were in early 2022. Joining us now is Richard Donald who's executive director at Zoopla. Richard welcome back to Bloomberg Radio we speak to you quite often does definitely feel this is a buyer's market though we haven't seen that in a long time no we're certainly fully stuck in a buyer's market
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 09-27-2023 07:00
"Do you need to communicate and collaborate from anywhere? Vonage does that. With one streamlined app you get full features that work on desktop or mobile wherever you go. Join video meetings and calls, respond to messages, and work from home, in the office, or on the road. You can even capture conversations on the go because the Vonage mobile app can integrate with your CRM. Now your small business can communicate like a big enterprise. See more of what Vonage can do for a lot of the stock market. There's some recognition by the Fed that if you tighten financial conditions much more you're going to do real damage to the economy. The Fed might hold here for a while but it's very difficult to see why they'd want to go a lot higher from here. Fed's retaining its optionality it's not saying we're definitively moving higher and it's certainly not saying seven percent. It's just hard to see what the positive catalyst is for markets today. This is Bloomberg Surveillance with Tom Kean, Jonathan Ferro, and Lisa Abramowitz. Pouring freezing cold water over this summer's happy talk. Live from New York City this morning. Good morning, good morning. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Ferro. Your equity market is trying to bounce up by a third of one percent on the S &P. Yesterday at the close the lowest since June on the S &P on Nasdaq this morning. Tom in the FX market, the Euro 105, Dolly Yen pushing 150. Those are the major pairs but you can look at all the granularity of the foreign exchange market and see the trauma that's out there. It's not a soft landing, it's a abruptness here and the adverb I'm using is suddenly there's all sorts of suddenly. Kawa, you weren't here. Luke Kawa of UBS. What did Luke say? Luke nailed it. He said he went all Newtonian on us on Monday. He's talking first derivative, second derivative and the second derivative the accelerated force is in place on this Wednesday. At some point Lisa this treasury market sell -off becomes self -limiting because of the pain it inflicts elsewhere.
BTV Simulcast
Fresh update on "euro" discussed on BTV Simulcast
"Second quarter when everything was focused on the negativity or at least the narrative of negativity around the China macro story and not actually looking at the very strong oil consumption numbers coming out of China but sort of neglecting the fact that we are going to have the substantial oil supply shortfall in the final months of the year and that's sort of coming home to roost now so the risks are probably to the upside in the near term. I think the question is going into 24 can we sustain oil prices at or around these kind of levels that's probably going to be contingent on the OPEC plus countries maintaining some form of production cuts we think that they'll be able to fade back some of the production that they've taken off into the market next year and still support prices roughly around these current levels but there's probably a little bit more room for them to I want to lastly ask you about the dollar here because we're seeing quite a bit of strength in the market you say you that see this trend continuing with that you see softening in 2024 put some figures on this Yeah, well we think we can get down to sort of 105 levels maybe a touch lower on euro dollar dollar for instance I don't know if there's substantial much downside from from that given the kind of sell -off that we've seen in the euro market and in some of the other currency markets like JPY like Sterling And I think the potential for the swing in real rates is a lot bigger for some of those markets compared with we've already had that big shift in the dollar market this year. We're expecting to see more of it next year for say the euro for say Sterling as inflation does start to cool from the central bank we've hikes that seen taking so far. That being said I don't think we're in a position where we're going to say let's say back a strong euro of you next year and certainly we'll see JPY at historically weak levels for at least the first half of four but it does look like for the moment we're in a still pretty strong dollar dynamic. Alright Ed, well from Saudi to oil to the dollar thanks so much for sharing your insights. That's Ed Bell Senior Director of Market Economics at Emirates NBD. Rish. Christine thank you very much indeed that's Christine Burke for us in Riyadh. Now we've got a lot more to come including of her full market check and looking at of course as to where oil goes as well. This has been great. Thank was the moment you discovered that you were meant for the business world. Have you been getting a lot of inquiries from employers. And then you started looking for the best sources of information. Technology is challenging regulators. the Doctors use kind of a virtual reality look. I feel like the world is courting Elon Oh you got here. How are other bankers restricted now. Bloomberg Radio the Bloomberg Business App and Bloomberg Radio dot com Bloomberg. The world is listening. Take a not so random walk through hot topics in markets and finance. Listen to Odd Locks a weekly Bloomberg podcast hosted by Joe Weisenthal and Tracy Alloway. Odd Locks explores everything from how the Seinfeld TV show teach can you about economics
Ethereum Daily
A highlight from Angle Protocol Introduces stEUR
"Welcome to your Ethereum news roundup. Here's your latest for Monday, September 25th, 2023. Angle Protocol introduces SDRO, Consensus partners with Protocol Labs for its startup program, OP Labs outlines its fault -proof VM design, and Arbitrum redesigns its ecosystem portal. All this and more starts right now. The Arbitrum on Gitcoin Grants round is now live, if you'd like to support this podcast please consider contributing by visiting ethdaily .io forward slash gitcoin. Angle Protocol introduced STRO, a stablecoin pegged to the euro that offers a variable 4 % APY. The protocol generates yield by holding BC3M, representing an ETF invested in short -term euro government bonds currently yielding 3 .6%. Users can exchange their AGO stablecoins for STRO to earn interest. Angle Protocol has committed to distributing 90 % of its projected earnings to holders. The APY will be adjusted on a weekly basis depending on the utilization rate. There are no upfront fees, deposit or withdraw charges, locks, or minimum deposit requirements for minting STRO. Angle Protocol has integrated a feature onto its dApp to swap into AGO and stake it for STRO in a single transaction. Consensus partnered with Protocol Labs to support builders as part of its Consensus Scale startup program. Accepted program participants will have access to Protocol Labs resources, technical support, co -marketing opportunities, workshops, funding, and Consensus products like MetaMask, Infura, and Linea. The program aims to support dApps and Web3 projects in the Seed to Series A funding stages. Funded projects with an existing team and product -market fit can apply for the Consensus Scale program, which spans 24 months. Protocol Labs is an open -source research and development startup incubator. In a new blog post, OP Labs detailed how the design of the fault -proof VM in the OP stack contributes to both social and technical decentralization. The fault -proof VM is a component of the OP stack's fault -proof system focused on the secure execution of instructions. Its design embraces the multi -client principle, supporting multiple proof types. The design of the fault -proof VM ensures it remains unaffected by protocol changes on Layer 1, such as the addition of new opcodes. Its primary function is to execute individual instructions, ensuring correct and secure execution. OP Labs is also exploring ZK validity proofs for the OP stack to enable faster bridging. And lastly, Arbitrum redesigned its Arbitrum portal, a gateway for browsing over 600 dApps available in the Arbitrum ecosystem. Users can browse dApps by advanced search, category, or chain. The portal also features developer docs, educational resources, job listings, and community talks. Arbitrum portal also lists a timeline of the upcoming Arbitrum Odyssey campaign. In other news, Pimlico raises $1 .6 million, Taeku releases version 23 .9 .1, Reth releases Alpha 9, and Slowmist suffers a $200 million compromise. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Angle Protocol Introduces stEUR
"Welcome to your Ethereum news roundup. Here's your latest for Monday, September 25th, 2023. Angle Protocol introduces SDRO, Consensus partners with Protocol Labs for its startup program, OP Labs outlines its fault -proof VM design, and Arbitrum redesigns its ecosystem portal. All this and more starts right now. The Arbitrum on Gitcoin Grants round is now live, if you'd like to support this podcast please consider contributing by visiting ethdaily .io forward slash gitcoin. Angle Protocol introduced STRO, a stablecoin pegged to the euro that offers a variable 4 % APY. The protocol generates yield by holding BC3M, representing an ETF invested in short -term euro government bonds currently yielding 3 .6%. Users can exchange their AGO stablecoins for STRO to earn interest. Angle Protocol has committed to distributing 90 % of its projected earnings to holders. The APY will be adjusted on a weekly basis depending on the utilization rate. There are no upfront fees, deposit or withdraw charges, locks, or minimum deposit requirements for minting STRO. Angle Protocol has integrated a feature onto its dApp to swap into AGO and stake it for STRO in a single transaction. Consensus partnered with Protocol Labs to support builders as part of its Consensus Scale startup program. Accepted program participants will have access to Protocol Labs resources, technical support, co -marketing opportunities, workshops, funding, and Consensus products like MetaMask, Infura, and Linea. The program aims to support dApps and Web3 projects in the Seed to Series A funding stages. Funded projects with an existing team and product -market fit can apply for the Consensus Scale program, which spans 24 months. Protocol Labs is an open -source research and development startup incubator. In a new blog post, OP Labs detailed how the design of the fault -proof VM in the OP stack contributes to both social and technical decentralization. The fault -proof VM is a component of the OP stack's fault -proof system focused on the secure execution of instructions. Its design embraces the multi -client principle, supporting multiple proof types. The design of the fault -proof VM ensures it remains unaffected by protocol changes on Layer 1, such as the addition of new opcodes. Its primary function is to execute individual instructions, ensuring correct and secure execution. OP Labs is also exploring ZK validity proofs for the OP stack to enable faster bridging. And lastly, Arbitrum redesigned its Arbitrum portal, a gateway for browsing over 600 dApps available in the Arbitrum ecosystem. Users can browse dApps by advanced search, category, or chain. The portal also features developer docs, educational resources, job listings, and community talks. Arbitrum portal also lists a timeline of the upcoming Arbitrum Odyssey campaign. In other news, Pimlico raises $1 .6 million, Taeku releases version 23 .9 .1, Reth releases Alpha 9, and Slowmist suffers a $200 million compromise. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
The Breakdown
A highlight from ByBit Vacates United Kingdom as "Crypto Hub" Dreams Falter
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Monday, September 25th, and today we are updating ourselves on the geopolitical landscape of crypto. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Hope you had a great weekend. There are lots of interesting things to catch up on. And today, a slight theme in some of these stories is where different countries are positioning themselves vis -a -vis crypto. Now, the UK has had an interesting relationship with the industry. They were for a time very harsh. The Financial Conduct Authority in the UK has never seemingly been that into the whole space. But then when Rishi Sunak became chancellor of the exchequer, he declared that the UK would be open for crypto business. He wanted to make the UK the most crypto friendly jurisdiction in the world. Well, of course, over the next few months, through a variety of weird ups and downs, Rishi eventually ended up the prime minister. And of course, it might be reasonable then to ask, is the UK getting friendlier for crypto companies? Well, on that front, Bybit have announced that they will suspend service to UK customers next week in response to regulatory changes. The UK's Financial Conduct Authority, or FCA, will begin enforcement of new marketing regulations starting on October 8. The regulations require crypto firms to ensure advertising is clear, fair, and not misleading, as well as presented alongside a risk warning. Advertisements are required to be certified by firms, but this process requires crypto firms to be registered in the UK. So far, UK licenses have been difficult to obtain for non -domestic exchanges. The rules also require a number of technical changes to exchange business operations around new customers. For example, exchanges need to implement a 24 -hour cooling -off period before a new customer is allowed to make transactions. They are also required to put in place client appropriateness testing and client categorization features. These measures could involve limiting the size, for example, of crypto investments based on the customer's net worth. Now, penalties for non -compliance in these new rules are harsh, with unlimited fines and even criminal charges available as punishments. As you might imagine, the crypto industry has been highly critical of these elements, especially those that require technical changes to platforms. In response to those critiques, the FCA said that they would provide a transition period for firms that request it, potentially giving exchanges until January to come into compliance. Last week, however, the regulators said that they are alarmed at the lack of engagement with foreign firms. Only 24 firms have responded to a survey sent to over 150 companies. In response, the FCA wrote, "...this lack of engagement gives us serious concerns about unregistered firms' readiness to comply with the new regime." Now, in their announcement that UK services would be suspended, Bybit claimed their "...primary objective is to operate our business in compliance with all relevant rules and regulations in the UK." Bybit said that they were making "...a choice to embrace the regulation proactively and pause our services in this market." They said that the "...suspension will allow the company to focus its efforts and resources on being able to best meet the regulations outlined by the UK authorities in the future." Practically, this means that from Sunday, Bybit will no longer be accepting new accounts from UK users. Existing users would be barred from making new deposits or increasing existing positions from October 8th. They will have until January to manage and wind down their existing positions. Bybit, as you might imagine, is not currently registered in the UK and is based in Dubai. Importantly, Bybit is not the only firm suspending service to UK customers in light of the new regulations. Last month, PayPal announced that it would temporarily pause crypto services in the country until next year. On top of that, crypto exchange LUNO said that it would be restricting some customer accounts from being able to invest on the platform until further notice. Bybit CEO Ben Zhao had flagged the firm's exit earlier in September warning of how overly broad the regulations are. He said, "...FCA has explicitly contacted all the major players — us, OKEx, Binance, everyone — and asked what our plan is to deal with this new law. And the new law is that if you use English as a language, they will see you as trying to solicit their users, so you cannot claim that you are in reverse solicitation. Everyone is in trouble. So everyone is thinking of plans of how to deal with this new law." George Morris, a partner at Simmons & Simmons, explained that the marketing regulations had been enforced for securities firms for decades but were now being expanded to cover the crypto industry. He said, "...the rules are extremely complicated and they're quite wide -ranging. It's not just UK firms that are subject to these rules. Anyone with a website that can be accessed in the UK is subject to these requirements." So there are a lot of different elements of this. One challenge is, yes, these advertising standards. But the bigger issue is this whole need to evaluate client suitability and potentially restrict investments. Practically, that either means a ton of financial disclosures from customers that they would have to manage and verify, or there's simply some self -attestation checkbox, which might not be that effective. Basically, with a set of marketing regulations, the FCA have figured out how to limit small retail's ability to buy crypto in the country. Now, one thing that is notable is that we haven't heard anything from the really big international exchanges yet in terms of how they're dealing with this. But in any case, it seems like a big detriment for UK crypto. As Leon TK put it, so much for the UK being a crypto hub, failing already. Now, speaking of places where there is more optimism, last week was, of course, the token 2049 conference in Singapore. And that led to a lot of different discussion around how different the Asian environment for crypto felt as compared to the US and European environments. Indeed, while Western jurisdictions seem to be bogged down with regulations that are unclear at best or hostile at worst, the vibes in Asia are reportedly immaculate. Major conferences around Asia during September saw an uptick in attendance, and regulatory regimes across South Korea, Singapore, Hong Kong and Japan appear to be giving the crypto industry a clear set of workable rules to allow firms to re -establish themselves coming out of crypto winter. The block's Frank Shapiro spoke with some conference attendees and reported on an optimism emerging in the East. One conference attendee said that South Korean retail is flocking back to crypto. They argued that young investors in particular view real estate and equities as massively overvalued and out of reach, so are instead opting to buy cryptocurrency. They said they don't buy houses, but they can buy tokens every week. There is a huge market. Another attendee spoke about the difficulty of accessing the Korean market due to South Korea's notoriously tough corporate climate for international firms. They said the liquidity is insane, but it is siloed and protectionist. You have to speak Korean. On that front, crypto custodian BitGo recently partnered with domestic juggernaut Hana Bank due to the difficulty in accessing the market without a local connection. What's more, one anonymous trading firm said they had been waiting five years to operate as a liquidity provider on domestic exchanges in South Korea. They said when they open up, we can be first in line. It's a great retail market. To get a sense of scale, the largest Korean exchange, Upbit, regularly outperforms Coinbase in terms of spot trading volumes. Then there is of course Hong Kong. Their new regulatory regime is off to a tough start in some ways with fraud investigations into crypto exchange JPX becoming public earlier this month. The most recent update is that there have been 11 suspects brought in for questioning and losses have been estimated at 178 million across 2 ,265 victims. Local police have said that the ringleaders of the operation are still at large and have enlisted the help of Interpol. Some are referring to JPX as the largest financial fraud to ever hit the city. Yet despite the major investigation, there are currently no signs that Hong Kong regulators are seeking to reverse course on unexpectedly open crypto regulations. Indeed, on Monday, the Hong Kong Securities and Futures Commission said that it would be releasing the full list of current applicants to ensure that users are able to identify false claims from exchanges. The theme appears to be the same across multiple Asian jurisdictions. Basically, that individual incidents of fraud and malpractice haven't tarnished enthusiasm for the industry as a whole. Another conference attendee told Chiparo, This Asia trip blew my mind. The excitement in Korea and Singapore is the polar opposite of what's going on in the U .S. Alex Vannevik of Nansen wrote, Vannek portfolio manager Pranav Kannadi added some color around how local investors are thinking about the space as well. On September 14, Pranav tweeted, Conversations were mostly positive and a key question was, We're in a crypto winter right now, but when should we expect the next bull run? Not a single convo mentioned the merits of the tech or whether the space survives, feeling optimistic. Now, hopping from Asia over to Europe again for a moment. According to a report from Fortune, Coinbase considered acquiring FTX's European business in the wake of FTX's November bankruptcy. Apparently talks never progressed to a late stage, but the preliminary interest highlights how important international expansion is to Coinbase, particularly regarding its derivatives products. Before the bankruptcy, FTX Europe was the only European firm registered to provide perpetual futures trading. And while derivatives trading remains heavily restricted in the U .S., both Coinbase and Gemini have launched offshore trading venues this year to provide derivatives markets to international customers with a keen eye on Asian regions. For Coinbase, the pivot to derivatives could provide a much needed boost to flagging spot volumes. According to Kiko Research, derivatives volumes in Quarter 2 of this year were six times large than spot. Now, the entity that became FTX Europe was originally acquired in late 2021 for 376 million. The firm was already licensed in Cyprus at the time, which allowed it to access European markets. Since the bankruptcy, the entity, along with its valuable license, have attracted interest from Crypto .com and Trek Labs as well. According to documents viewed by Fortune, Coinbase expressed interest immediately after the FTX bankruptcy and again as recently as last month. That said, FTX Europe has also been in the crosshairs of the U .S.-based FTX bankruptcy team for clawbacks. The estate launched a lawsuit against FTX Europe executives claiming that the original acquisition was a horrendous business decision, arguing that FTX effectively paid 376 million for a $2 million operating license, and on top of this, the sale of FTX Europe seems like a difficult task with active litigation surrounding the firm. In July, the U .S.-based FTX estate said, The FTX debtors' professional advisors have concluded that there is no realistic possibility of a sale. However, last Thursday, they said, The FTX debtors are committed to maximizing the value of FTX's assets to drive customer recoveries. As such, the FTX debtors are continuing to evaluate whether there are viable options for the sale of some or all of the assets of the FTX Europe business. Now one small aside on Coinbase. Arkham Intelligence claimed to have mapped Coinbase's bitcoin wallets and according to Arkham, Coinbase holds almost 1 million bitcoin worth around $25 billion at current market prices. This would amount to almost 5 % of the bitcoin in circulation, similar to the amount held in wallets believed to be owned by Satoshi Nakamoto. Arkham's report showed that Coinbase's largest cold wallet holds around 10 ,000 bitcoin, and the firm believes that Coinbase has additional bitcoin holdings which are not yet labeled and could not be identified. According to data published by CoinGecko, Coinbase only owns around $200 million worth of this gigantic bitcoin stash, with the rest attributable to client custody. However, staying on the Europe question and how valuable this Cyprus license actually is, with Europe's MICA regulations coming into force from June of next year, some firms are beginning to warn that a clear lack of guidance could lead to disruption. The MICA rules were intended to provide a comprehensive framework, but there are still numerous grey areas. One of the major problems surrounds stablecoins. There is currently no guidance on how MICA stablecoin regulations will apply to foreign and decentralized issuers. The default scenario seems to be a ban in Europe unless these issuers can obtain the appropriate licensing, with no arrangement to recognize approvals in other jurisdictions. The European Banking Authority has warned that there will be no grace period for coins already on the market. The EBA and its sister agency, the European Securities and Markets Authority, ESMA, are currently taking public consultation on how the MICA regulations should be implemented. Relatedly last week, the head of legal at Binance France said during a public hearing hosted by the EBA, we are heading towards a delisting of all stablecoins in Europe on June 30th. This could have a significant impact on the market in Europe compared to the rest of the world. Now, Binance CEO CZ quickly walked back the comments claiming, it was a question taken out of context. In fact, we have a couple of partners launching Euro and other stablecoins in fully compliant manners of course. A blog post from Binance explained further, stating that they would be required to delist stablecoins that fail to gain registration in Europe and that no licenses have been granted to stablecoin issuers currently. Binance wrote, While we are confident that there will be constructive solutions in place before the mid -2024 deadline, if left as is, this could have an impact on the European crypto market and the competitiveness of European crypto exchanges in the global market. Now the requirement that stablecoin issuers are EU -based could cause further problems for decentralized organizations. Thomas Vogel, a partner at law firm Latham & Watkins said, So, this is sort of the challenge with MICA. As comprehensive as the regulations are written, how they get implemented is still fairly up in the air. There was commentary around the time that MICA was being voted upon that it could either be a big step in giving the crypto industry a clear set of rules to function, or work as a de facto crypto ban depending on how it was implemented and whether enough licenses were granted. Now, with a little over nine months until MICA comes into force, there is still time to ensure that rules are workable for existing firms, but it appears that there is a lot of work left to do in that regard. Anyways, it's definitely a story to keep an eye on, as something that was seen as largely positive could become quite bad quite quickly. However, friends, that is where we're going to wrap for today. Lots going on in this fascinating world of crypto. Wherever you are enjoying it from, I appreciate you listening. And until next time, be safe and take care of each other.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Buying and Ethers Inflation Rate
"This episode of Markets Daily is sponsored by Kraken. It's Monday, September 25th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about notable Bitcoin buying, Ether's inflation rate, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Bitcoin and Ether have been drifting lower over the past 24 hours, with Bitcoin down 1 .6%, as at 10am Eastern Time trading at $26 ,158. Ether is down 1 .2%, trading at $1 ,576. Today's moves notwithstanding, the underperformance of Ether so far this month is notable. In a recent episode, I talked about the ratio between the Bitcoin and the Ether price as a gauge on market sentiment. When it's climbing, Bitcoin is doing better, and when the ratio is falling, Ethereum is outperforming. Late last week, this ratio reached its highest point in over a year, and it is currently more than 25 % higher than at the time of Ethereum's move to proof of stake last September. But rather than suggest that the upgrade has not delivered value, it shows the heavy weight of market sentiment on asset prices. Since the upgrade, the market has had to contend with the implosion of FTX and other key market players, and the regulatory mood in the US has certainly chilled, suppressing Ethereum activity. And the underperformance persists even as the likelihood of approval of the first Ether futures ETF climbs. At a conference last week, a Bloomberg analyst put the chances of this vehicle being approved by the US Securities and Exchange Commission at 95%. Not a sure thing yet, but those odds are pretty high. In traditional markets, US stocks look set to continue their light from Friday, which could, if this trend persists over the rest of the week, live up to the market legend of the September effect. Historical market performance shows that September is typically the worst performing month for the S &P 500. The index has been down for just over half of all Septembers since 1928. That's not a glaring majority, but it looks like this month will add to the legend. Earlier this morning, the S &P 500 and the Nasdaq were both flat to slightly down, while the Dow Jones was down over two -tenths of a percent. Crossing the Atlantic, the FTSE 100 and the German DAX were also trending lower earlier today, both down 1 .2 % on Friday's close. The Euro Stoxx 600 index was down slightly less, just over nine -tenths of a percent. Sentiment is weighed down by concerns about China's property sector, the impact of higher US interest rates, and a lot of data last week showing a contracting Eurozone economy. In Asia, Japan's Nikkei index rose almost nine -tenths of a percent, as the Bank of Japan's commitment to loose monetary policy, at least for now, is supporting investor sentiment. In China, stocks were weighed down by intensifying property sector concerns as liquidators were appointed to yet another developer and the Evergrande restructuring hit a roadblock. The Shanghai Composite closed over half a percent down on Friday. The Hang Seng got hit even harder, closing down just over 1 .8%, reaching its lowest level since November of last year. In commodities, the Brent crude benchmark was more or less steady over the weekend. This is despite an announcement today that Russia plans to ease some aspects of its diesel and gasoline export ban, partially relieving, for now anyway, a potential squeeze in those key markets. Earlier today, the benchmark was trading at just under $92 per barrel, still well above where it was a year ago, but down from its recent peak of over $95. The gold price was also stable over the weekend, despite continued US dollar strength. Earlier today, it was trading at $1 ,924 per ounce.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Buying and Ethers Inflation Rate
"This episode of Markets Daily is sponsored by Kraken. It's Monday, September 25th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about notable Bitcoin buying, Ether's inflation rate, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Bitcoin and Ether have been drifting lower over the past 24 hours, with Bitcoin down 1 .6%, as at 10am Eastern Time trading at $26 ,158. Ether is down 1 .2%, trading at $1 ,576. Today's moves notwithstanding, the underperformance of Ether so far this month is notable. In a recent episode, I talked about the ratio between the Bitcoin and the Ether price as a gauge on market sentiment. When it's climbing, Bitcoin is doing better, and when the ratio is falling, Ethereum is outperforming. Late last week, this ratio reached its highest point in over a year, and it is currently more than 25 % higher than at the time of Ethereum's move to proof of stake last September. But rather than suggest that the upgrade has not delivered value, it shows the heavy weight of market sentiment on asset prices. Since the upgrade, the market has had to contend with the implosion of FTX and other key market players, and the regulatory mood in the US has certainly chilled, suppressing Ethereum activity. And the underperformance persists even as the likelihood of approval of the first Ether futures ETF climbs. At a conference last week, a Bloomberg analyst put the chances of this vehicle being approved by the US Securities and Exchange Commission at 95%. Not a sure thing yet, but those odds are pretty high. In traditional markets, US stocks look set to continue their light from Friday, which could, if this trend persists over the rest of the week, live up to the market legend of the September effect. Historical market performance shows that September is typically the worst performing month for the S &P 500. The index has been down for just over half of all Septembers since 1928. That's not a glaring majority, but it looks like this month will add to the legend. Earlier this morning, the S &P 500 and the Nasdaq were both flat to slightly down, while the Dow Jones was down over two -tenths of a percent. Crossing the Atlantic, the FTSE 100 and the German DAX were also trending lower earlier today, both down 1 .2 % on Friday's close. The Euro Stoxx 600 index was down slightly less, just over nine -tenths of a percent. Sentiment is weighed down by concerns about China's property sector, the impact of higher US interest rates, and a lot of data last week showing a contracting Eurozone economy. In Asia, Japan's Nikkei index rose almost nine -tenths of a percent, as the Bank of Japan's commitment to loose monetary policy, at least for now, is supporting investor sentiment. In China, stocks were weighed down by intensifying property sector concerns as liquidators were appointed to yet another developer and the Evergrande restructuring hit a roadblock. The Shanghai Composite closed over half a percent down on Friday. The Hang Seng got hit even harder, closing down just over 1 .8%, reaching its lowest level since November of last year. In commodities, the Brent crude benchmark was more or less steady over the weekend. This is despite an announcement today that Russia plans to ease some aspects of its diesel and gasoline export ban, partially relieving, for now anyway, a potential squeeze in those key markets. Earlier today, the benchmark was trading at just under $92 per barrel, still well above where it was a year ago, but down from its recent peak of over $95. The gold price was also stable over the weekend, despite continued US dollar strength. Earlier today, it was trading at $1 ,924 per ounce.
Bitcoin & Crypto Trading: Ledger Cast
A highlight from Rate Pause
"Hello and welcome to Ledgercast. My name is Brian Crossguard here, as always, with one and only Josh Olsowich. Hey Josh. Mr. Brian. How you doing? How are you? I'm good. I'm happy to be with you today. You're already cards pulled up, ready to go. I got my best podcast hoodie on, you know. Only the best Ledgercast family. Getting the hoodie season, depending on what part of the country you're in. For sure. My dear Alabama, I mean, this is the weather that you live here for. Like, most of the year is incredibly humid, but September, October, November, that's when it's the good stuff. Well, people didn't come on this podcast to hear about the weather. They came to hear about head and shoulders. We always start with the weather. I know. It's like a podcast faux pas, but we do it anyway. It's the human experience. There's a head and shoulders on like every market on all timeframes. Like, you can't not see it. ETH, Bitcoin, S &P, Qs, any risk market, we'll put it like that, any risk market looks very, very toppy still to me. What are your thoughts on, you know, as we enter our 37th week as macro LARPing traders? Yeah, well, this continues to tell a story, right? Dollar legitimately been up only on a weekly basis for more than two months. Hold on, hold on. Jeff in the chat said. Jeff, were you listening for your show? We were just discussing the accelerated aging of Ryan in the show. I feel like I feel like the bear market is hitting me in every possible way right now. Sorry, continue. Yeah, I'm I'm going to be very gray and old and wrinkly if I make it through another cycle. Anyway, the Dixie is up. Yield. You know what I realized this week? Back to the Dixie for a sec. I realized that the Euro chart, Euro USD is basically the Bitcoin chart. So if you're rooting for Bitcoin, you're basically rooting for the Euro chart. I don't know how that's going to work out. It's not the team I want to be on right now. No, I agree. I don't know how that's going to work out for us because that Euro chart looks bad, quite awful. Yeah, that's bad. So I keep that in mind generally for people, you know, if you see some good news or positive news in Euro land, which I think is rare these days, it should generally signal wellness for Bitcoin. Yeah. Well, it's mostly that dollar strength. It's just not. Yeah, it's all it's all just the same thing. Right. Yeah, exactly. We titled the show Rate Pause because rate hikes were paused. So this is the first time in quite some time that we've gone into FOMC with no change. The result of that was you start to see the 30 year kind of catching up to the two year because they also said that they are planning on staying high for longer. So we're not going to do the thing where we just immediately start going into cuts. And so, yeah, it may not have the desired effect that people might expect by a rate pause. At this point, holding rates at this level is restrictive eventually, right? It gets more and more restrictive as the lower interest rate that like rolls into this new environment, you know? Right. But I think it's honestly, I agree with the Fed. I think keeping it here and doing a wait and see type attitude makes more sense than keep raising and then panic cutting when the time comes. I think you have a potential to break a little less in this regard. I think they should have paused a while back and should have started way before they did. But nevertheless, the idea of pausing but not committing to a cut, I think is reasonable. Well, the markets didn't get angry at pausing. The markets got angry because they hinted at two more hikes still. So if that actually happens, I don't think it will. Look, I'm a chaos agent. I say go all the way, right? Pedal to the metal, no half measures. If you want to kill the economy, go for it. So yeah, let's do two more. Let's do one in November, one in February, whatever. I don't know. I think the consensus, though, is that markets aren't going to last that long. Markets being the economy, I guess. But the economy just isn't going to last and hold up through that. So unemployment is going to tick up considerably. That's the expectation. You're not going to get your soft landing. And Paul basically said as much that that wasn't his base case during the meeting. So you got to keep that in mind when you're looking at risk markets like crypto and alts especially are just still obliterated and continue to look terrible. Two -year looks like it wants more. The three -month yields look like, all the yields look like they want more. Yeah, they're all acting like it. Especially if you take today out of the picture, which I'm not sure I'm going to read too much into what's happening on a Friday. Well, we had, so yesterday we had a negative 1 .6 % day on S &P. And there were already legacy analysts coming out saying, oh man, Paul's going to have to cut this year. It's been one day. You people are so soft, so pathetic. Pillsbury Doughboy over here asking for cuts after a down day. Give me a break. Just absurd. The chart on the S &P does look like it has room for more downside like that. Oh, for sure. Pretty clean breakdown, but it's not in panic mode. It's in the middle. It's in the chop zone. 4200 makes all the sense in the world based on some basic technical analysis. Look at the 200 -day moving average. All this is just meaner version. You have people panicking that the number is going down instead of up and they're pathetic. I mean, that's legacy for you. Even when you look at non -technical analysis, if we were in price discovery for the stock market right now, it would not make sense. It just does not make sense relative to the economy. But ledger, price is in the forward future. It doesn't look at what's happening now. We're not going to get a recession. We're going to get a huge GDP print, man. Forward future looks like we got another year or two of grinding. Like grinding economically, trying to figure out this balance of wage inflation, commodities inflation, cost of goods. There's a balance that has to exist there. Life is more expensive for people. Their homes are more expensive and their business loans are more expensive. are Their wages up, but they're not caught up to that. And so the economy needs to figure itself out. It needs to find its Zen zone. I agree. That could take time. But that's not the S &P. The S &P is eight companies who have billions of dollars, don't need to borrow, don't need debt at this interest level. But now the problem, I think Apple especially, I don't expect their new phone to sell gangbusters because the economy is... It's one of the easiest things to not upgrade. Right. Well, that as well. But USB -C, right? Welcome to the 21st century, everybody. So I'm expecting those numbers to be soft. The Nvidia story seems to be softening, even though it's hard to really know what's going on there. There's still lots of lots of demand for those checking news. Yeah. But I guess the point is, who cares about the rest of the S &P, the 493, right? It's all about the top seven right now. And if those are weak, which they are, just in the charts, the markets are going to turn lower because you're not getting any help from the other 493. All right. I want some of what Andre is drinking in the chat. I'm just going to plop this onto the show. Here we go, Andre. This is your moment. Fed waits another year to lower rates than the BTC happening. The presidential election and lower interest rates are all going to be happening at the same time as we go into the next bull run. Space exclamation point, which is another way of saying triple exclamation point. Where do you put that space in front? Andre, I'm with you. I hope you're right. I think people believe that if they cut, then that will be bullish, but they won't cut until things look terrible. So if they're cutting, then we have a different problem, right? We have a recession if they're cutting, right? It's over if they're cutting. We just have to dodge a recession. You just have to dodge a recession. Around halving, whatever. And then there's this other school of thought, which is kind of what Andre is hinting at. Maybe the halving doesn't matter. Maybe it's just a coincidence that we've been in these four -year business cycles, and it's just lined up perfectly. I've seen that narrative growing recently, which is surprising to me, but it makes sense. Look, if you look at the data and you just don't pay attention to halving, I agree. But I think the halving brings eyeballs. It brings people understanding the asset a little differently because they're like, oh, wait, what do you mean? The supply is going to be cut in half or whatever, the daily emissions. Anyway. And meanwhile, Bitcoin and ETH both basically at their 200 -week moving average. This was okay. So that's the tweet you have up. This was my engagement bait last night. This is if anybody was paying attention. It's comparing the 200 -week and the 200 -day moving averages on Bitcoin. The last time... They're converging. Yeah. So they're converging. And the last time it looked like this was 2015 for a bull cross. It technically didn't cross bearish in 2015. I just want to highlight, though, Josh. We are both getting rejected by that right now, if you look at this weekly. Yeah, but that's okay. It's September. It's key three. I don't care. But yes. They're just winding around in there. They're meandering. It's not good. Also, one other comment. Yeah. Gotta work on this hashtag. 250k or bust. Gotta work on that. Well, that's the target. We need some ideas. That's the 8000 % target from here is 250k. That's where that came from. Yeah, we gotta do better. 250 by 25 is too much of a mouthful. I feel like the phrase millie needs to be in there. Millie? Quarter millie? Quarter millie. Maybe just full millie. Look, I've been on the record. 250k is the target for the next run. Okay. Even before this tweet, the stars are aligning. Yeah. People are saying what's happened to me. I'm using a different camera. I'm in a different place. And I got a haircut today. And everyone says you look old. I look weird and old. I am old. Here, I was I was puffing you up early. You're telling me I look good. And I was telling you how old I felt. And now the whole chat's like, hey, you look old. You look terrible. I think you look fine. But you know, maybe it's the rates, you know, the rates are just killing everybody. It is the rates. I'm gonna go ahead and go out on a limb and say that I'm affected by that. Sure. So yeah, if we look at if we look at Bitcoin, also, We've also got if you don't like the head and shoulders, at the very least, you have to admit there's some sort of double top there. Yeah, double top, lower, lower low by a smidge. Rejected by the fast and long moving averages potentially. There's a there's reason to be concerned here. If we're above 28, at any point Q4, I think we're good for move higher, which doesn't like logically make sense based on what's going on in the world with rates and everything. So if this then that if we get above 28, we're good. Until then, I expect lower lows, ETH especially. What's going on with ETH, man? You're the ETH fanboy, the ETH cheerleader. What's happening? It's even better than BTC in terms of rejection off the 200. That's clean. It's nice and clean. That's a dump it. Let me translate that for everybody. That means it's even more bearish. I think this tells some of the story like there's not many people in the ecosystem that don't consider pair trades, you know, like opportunity cost or a risk profile of being in one thing versus the other. And a lot of people are dancing on like long tail of altcoins. Like they'll play on those playgrounds. But the people that are in big assets are looking at this where ETH BTC is breaking down further. It looks like it might be escalating. It looks like it might be going from breakdown to a steady progression to the downside. And I don't know, maybe that also looks double toppy to me. Yeah, but maybe another 10 -15 % on ETH is on that relative to BTC and people just don't see the upside as worthwhile. I get it. I understand. I like 05. And if 05 doesn't survive around the ETF stuff, assuming the ETF stuff is going to be bullish, I like 03. I think a 200 week tap at a minimum would make sense. So, you know, you're looking at another 10 % relative in that scenario. And that would probably be a bullish bottom. Bullish, she says. A bullish bottom if it maintains that. I'm sure, I don't know harmonics well enough to just like eyeball it, but I'm sure there's some sort of harmonic. Batwing harmonic, yeah. Yeah, there's something there where you could draw like a crab or something. If this one's a 0 .03, that would be concerning. Well, what's the breakout level of the head and shoulders? Like 0 .035, 0 .036? Yeah, I think that's reasonable. I think that would put ETH people, myself included, just in Jordan tier mode. Look, if ETH doesn't get an ETF and Bitcoin does and it actually sees flows. It could happen. It could happen. That's all I'm saying. That's all I'm saying. Hit your targets, Josh. 0 .053 before 0 .035. That's true. I mean, we need to spot ETF first, which... That's just math, just so you know. And dyslexia. It's just kind of interesting that it has not made a higher high since going proof of stake. Kind of weird, right? The Real Dangles asks, can we do a mini series on learning macro fundamentals? I've only ever looked at crypto, so half of what you guys talk about is foreign to me. No, but there's some people that you can learn from. One of the best, in my opinion, and I was... Jeebus was giving me crap about this, but Ray Dalio is, I think, the greatest macro mind that actually takes their information and then shares it. Big Debt Crises is a book. It's a study of cycles, basically. It's a study of deflationary, inflationary cycles, and they're very good. I would read that. That's a great start. Like, that'll be good. That could teach you more than I ever could. There's many, many other things, in addition to what he talked about, that go into what he talks about. But at the end of the day, it's all about cycles. And that's a terrific book. I would listen to a bunch of podcasts on macro stuff. Blockworks does a billion of them. Yeah, but don't worry. If you listen to those, you'll end up a bear. So you gotta know that going in so that you don't end up a bear. I don't care if you're bullish or bearish, but being able to form your own opinion, that's the end goal. But people that do nothing but talk macro are all bears. They're all dirty bears, Josh. I agree with you. They're doomer macro people. But just knowing the language and knowing what people are looking at definitely helps you understand what the hell is going on. If you listen to them, just know that you need to protect your beautiful, bullish beauty. Don't take their advice, air quotes here. Don't take their advice. Your beautiful, bullish innocence needs to be protected when you listen to the doomer bears. You'll learn all about the SPR and why it's the end of the world. What is it about macro that makes people perma bears? I don't know. I think all this cyclical stuff, the raining down of potential for bad makes you think it's imminent. Yeah, they're very pro -commodity, pro -being anti -market. That's their whole personality and identity. Now I'm thinking of Sven specifically, for those of you who know who that is. But the macro people will be wrong for years and years and years. And then we'll finally get a down move. And they'll be like, yes, I told you so. Now I've lost all my money and the market 10xed at that time. But I told you so. We would get a correction. But I like that about them. The macro people also generally don't like Bitcoin. Some of them do, certainly. But most of them don't. So that tells me we still got time. It's still early. There are very few Lynn Alden's of the world where I simultaneously massively respect their macro analysis. And they don't discount crypto. She does discount everything but Bitcoin. But I'll forgive her for that. Because she's already really good at two things. That most people can't combine their goodness of that. Yeah, she's great. That's another easy listen as far as trying to pick up. She just wrote a book about money, too. I'm sure it's got some good macro stuff in there. There you go. So we'll stop that. Rate's up. Murray, I don't know what we're saying is like Michael Murray. But if he's a doomer bear, then yes. Yeah, this is a doomer bear that he was right at the right time on the right cycle as the media fell in love with such characters. So that carries a lot of weight. Like he can now be wrong for the rest of his life, but he was still right in 2008. But I respect people that have these opinions. I just think it's a lot easier to make money if you're a bull over the long period of time. I agree. Tripsy says he thinks the TA makes a better bear case than macro. I agree. I pay attention to the macro because it's kind of interesting. And having the ability to discuss it is powerful. But if all I do is pay attention to the TA, then I'd be fine. If you see the macro and you make this great bear case and then you see the chart and the chart looks like it wants to explode to the upside, don't make the trade. Not financial advice, but don't sell everything in that scenario. I wouldn't. But if the chart looks like doo -doo and the macro looks like doo -doo, then maybe it's just doo -doo. Well, knowing yields and rates helps you understand the DeFi angle a little bit. Knowing risk premium helps you understand like if I'm not getting paid an insane amount in DeFi right now, it's just not worth participating. You know? Yeah. Assuming a risk -free rate in U .S. government bonds, treasuries, whatever, you're not getting paid that differential in DeFi. Typically, you are seeking yield growth balance, right? There's some combination or you're looking for either or, but there's a balance of yield and growth. If your available yield today is high, so let's say you can earn 5 % in a money market or something like that, then two years ago, you could only earn 1%. Then your need for growth is even higher to make up for your annualized compounding year -on -year returns because when you're seeking growth, you're compounding that growth to make up for the lack of yield. So when the yield is higher, you need even more growth so people get less interested in the growth because the growth needs to be so severe to replace easy yield that's available today. So that's why risk assets that focus on growth look less attractive when yield is high. That's a general concept that can be useful. I always like to think about the extremes. So they used to say, Tina, there is nothing else when you're talking about allocating capital. So if there was no yield before, you get all this crazy VC shit and altcoins and NFTs. Because it's growth at all costs. Because that's it. That's the whole game, right? Now that there's a balance, it'd be much harder to create something like FTX in this environment where you can get a yield, you know? Yeah, there is demand for return on those dollars that's not just growth, that's not just bring it back to me more valuable. Did you hear that NFT story? The NFTs are 95 % worthless thing? Yeah. Yeah, there's some really good replies from NFT people that I thought were worthy. I've retweeted one of them. I don't remember who it was. I think it was the punk person that works, that does the streams all the time. Pink haired punk. You know, most of them always have been worthless is what they mentioned. And I think that they're doing a classic throw the baby out with the bathwater thing. Like the speculation on JPEGs was always going to pop. The underlying technology does have inherent value, it's just who's going to win from that. Like, will all the current market participants, collections, companies, whatever, will they all go away and then somebody will rise from the ashes and win the technology emergence where game the underlying technology can be taken advantage of to create real business value? I think that's what will happen, but which of us will be there to survive it? And then some stuff will get Lindy effects of art, digital art. There was product market fit, there is product market fit for that. But like, you can't just mint 10 ,000 pineapples and expect to make millions of dollars now when there's nothing else. If your denominator is infinity, then yeah, 95 % are useless.
Thinking Crypto News & Interviews
A highlight from ANTI BITCOIN BOB MENENDEZ CHARGED! SEC GARY GENSLER DOESN'T LIKE THE LAW (CRYPTO NEWS)
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we got very interesting news, which I'm sure many of you may have heard in the mainstream media, and that is Senator Bob Menendez has been charged with bribery and a whole bunch of other crimes. And you may say, well, Tony, why are you talking about this? Right. Well, folks, Senator Bob Menendez, who is a Democrat, he introduced a bill back in 2022, which would help to stop Bitcoin adoption in El Salvador. And he was citing that the adoption would open the door for money laundering and corruption. Wow. Talk about hypocrisy, folks, right? This guy all along for a very long time, his track record, he's been accused of doing a lot of shady stuff and now he's being charged here. The folks at Bitcoin Archive said the senator who said Bitcoin can open the doors of corruption in El Salvador was just indicted for corruption by federal prosecutors who seized one hundred thousand dollars in gold bars and four hundred and eighty thousand dollars in hidden cash from his home. So politicians those who are often very loud and screaming against crypto are the ones who have a lot to lose and a lot to hide, who are probably doing shady stuff. For example, Elizabeth Warren, Brad Sherman, Gary Gensler, right? I'm sure they've got some really nasty stuff in their closet. And some folks have shown that Elizabeth Warren has a net worth of seventy three million dollars. And of course, her salary is just like two hundred and eighty thousand a year. That's a great amount of wealth she's accumulated from just a senator's salary, right, folks? But we know the game, right? This is why we got to keep fighting and we got to expose these corrupt bureaucrats and politicians like Elizabeth Warren and Brad Sherman. We know they are puppets on the string doing a lot of the bidding of the tradfi incumbents and people who would love to kill crypto and not just even kill crypto, but just stop or kill the startups and allow their banking buddies and Wall Street buddies to come in and take over. So I'm glad these folks are getting exposed. And President Nayib Bukele, who, of course, he's the president of El Salvador, he tweeted about this news. He said, this is the guy that called for an investigation against us. He ended up being charged, period. So I'm glad he's doing a victory lap there. Now we got some interesting news about a library in the SEC. So we had reported just about a week and a half ago or two weeks ago that library was going to file an appeal. And this is based on the Ripple lawsuit outcome. Right. It makes sense. We have new case law with XRP, so it makes sense for them to appeal. And the First Circuit Court of Appeals in Boston has directed library to file its brief by November 1st, 2023. Now of course, this is no guarantee they're going to win. But the point is, we want to put the pressure on the SEC and Gary Gensler. We want to expose them for their lies, hypocrisy and much more. So I'm glad library is doing this. Attorney Jeremy Hogan highlighted a video here with Gary Gensler being interviewed. And it just shows his hypocrisy that he doesn't care about the law. He just cares about his own power and his next job. And it's no wonder Judge Sarah Netburn said the SEC has no faithful allegiance to the law. So he says the crypto space is full of hucksters and noncompliance. Well, the reporter asked them, would anything a court says change your mind? Great question. Gensler said, well, no, not really. And of course, he looked very shaky. He's losing confidence. And Attorney Jeremy Hogan said, you can't make this stuff up. So clearly, this man has no respect for the law. He's just making things up as he goes. It's about his show, his power, his ego. And we can't have that, folks. This guy's supported by our tax dollar. He should be kicked to the streets. And I'm telling you, I hope that Coinbase mops the floor with his buffoon and the SEC so that he has so much pressure on him. He's forced to resign. I'm hoping that happens. Now, Stuart Aldarati highlighted that same video. And here's what he had to say. What's most concerning to me and should be to you in the full video clip, this is the shocking admission of an unelected bureaucrat that he won't respect the decisions of the courts. So I'm thankful for the judicial branch and the balances we have in the government that a corrupt scumbag regulator like Gary Gensler, as much as he can go around saying all kinds of nonsense and nasty stuff, he has to respect the courts in a sense of what they put out there. Right. The SEC has to abide by that. Now, he may not personally agree, and he can, you know, like in this interview, say, oh, no, I don't agree with anything. But at the end of the day, if he takes a loss, he takes a loss. Right. So we got to keep fighting. I'm hoping the industry keeps fighting back as well. Now, quick word from our sponsor, and that is Uphold, which is a great crypto exchange that I've been using since twenty eighteen. I've interviewed their CEO and many representatives so I can vouch for this platform. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and thirty seven fiat currencies so you can switch between these different currencies and crypto and precious metals at a click of a button. So it's a unique platform and they've been around for a long time. Once again, I can vouch for this platform. So if you'd like to learn more, please visit the link in the description. All right. Let's move ahead. Caitlin Long was at Mainnet and she was tweeting out some of the statements coming out of Mainnet. I was at Mainnet yesterday and I met her. I tweeted out a photo of us together. I was supposed to go on Wednesday as well, but I wasn't feeling too hot. So stayed home that day. But, you know, there was a lot of folks there. And Brian Armstrong, CEO, was there. He said the Biden administration has been terrible for crypto. Well, that's to say the least, right? That's an understatement. They've been horrendous, in my opinion. Caitlin also highlighted that 61 percent of pro -crypto voters actually this is she's highlighting what Chris Lee Hain had to say, that 61 percent of pro -crypto voters in 2020 voted for Biden. Democrats are at risk of losing them in 2024 due to anti -crypto policy. Absolutely right. And these Democrats are shooting themselves in the foot. Patrick Hanson of Circle highlighted the following, that the euro stablecoin, obviously Circle issues USDC, but they also have the euro stablecoin and it's now EURC instead of EUROC. So just an update there. So the euro coin is now EURC. So just heads up on that, folks. And I want to highlight something I tweeted out today, and I think it's important. And, you know, all emotions aside, all feelings aside, I was highlighting that I'm very bullish on Ethereum for the 2024 -2025 bull market. Now this is, once again, all emotions and feelings about Bill Hinman and Joe Lubin aside, I still want those guys to be held accountable. But as for the token and the code, it's getting adoption. And I highlight that PayPal is building their stablecoin in Ethereum, right, PYUSD, Citibank's token is built on Ethereum. JP Morgan is working on a deposit token, which is built on Onyx, which is a permissioned version of the Ethereum blockchain. Coinbase is obviously launching base, which is their layer two for Ethereum, or they have launched it, I should say. And there's a rise in institutional ETH staking. So I'm very bullish on ETH and this type of news, these facts now, not my feelings, not my opinions, but these facts of adoption from very big companies and brands has me very bullish on Ethereum. I obviously hold ETH in my portfolio. I stake it and I continue to buy the dip, not financial advice. You should do your own research. And obviously I'm not just bullish on ETH alone, but just there's been a lot of adoption. And I want to highlight that because it's about facts, not feelings now. And I'm bullish on Bitcoin, XRP, Chainlink and many other tokens. Let's talk about Core Scientific, which is a Bitcoin mining company. So Core Scientific sealed $77 million Bitmain deal for 27 ,000 Bitcoin mining rigs. The deal was first finalized in August with Anchorage as another party agreeing to an equity stake in the bankrupt crypto miner. So one of the key things is that BlackRock also gave them a bit of money. Guys, this was back in 2022. So it's kind of like to the Victor goes to spoils where Bitmain was in trouble and then a whole bunch of folks started coming in to grab up as much as they can. So the deal between the two mining companies will see Bitmain supply 27 ,000 Bitcoin mining rigs for $23 million in cash, along with $53 .9 million worth of common stock of the bankrupt firm. Apart from the mining hardware purchase deal, Bitmain and Core Scientific have signed a new hosting agreement to assist Bitmain's mining operations. The deal was finalized in August when a court filing highlighted Bitmain's plan to sell mining hardware in exchange for cash and equity. As part of Core Scientific's restructuring plan, apart from Bitmain, the restructuring plan also included Anchorage. And you guys may have seen my interview recently with the president of Anchorage and the co -founder of Anchorage, Diego Monica. If you haven't seen that, be sure to check it out. It says here, restructuring plan also included Anchorage, BlockFi and mass mutual asset finance. Apart from Anchorage, all other three firms chose a mix of cash and equity options to settle their claims. The expansion investment plan by Bitmain will come into force by the fourth quarter of 2023, pending approval from a judge. Once approved, the hardware will potentially add 4 .1 exahashes to Core Scientific's hash rate. The two crypto mining companies all have also agreed to work together to upgrade Bitmain's last generation miners hosted at Core Scientific's data centers to further increase the firm's productivity. So, folks, Core Scientific, I will be potentially interviewing the new CEO and I'll let you guys know when that's coming up. But I want to definitely get into the details here and what BlackRock is doing with them in addition to Bitmain. So I'll definitely be asking those questions once I get the interview locked in. But, you know, a lot of companies are preparing for the Bitcoin mining next year. And many of you may have seen my interview uploaded earlier today with Fred Thiel, who's the CEO of Marathon Digital Holdings, and Marathon is working with a sovereign wealth fund. So, folks, there's going to be a lot of capital coming to the market. You're going to see a rise in demand for Bitcoin as the spot ETFs get approved, especially around, you know, BlackRock spot ETF and Fidelity and so forth. So I'm very bullish, you know, like I've been saying, we are in quantitative tightening, fighting inflation, rates are high, but this will end right as it has historically boom and bust cycles. The Fed will eventually start its QE again. They're going to start printing money, global liquidity will go back up and we'll be back in a bull market. We just have to be patient, dollar cost average where possible. And, you know, don't look at the price every day because you'll drive yourself crazy. And, you know, it's very volatile. Sometimes it's moving sideways. It's very boring. And I know that's tough. But just, you know, take your positions, obviously do your research, take your positions and just be patient and then, you know, watch what these players are doing. Right. Not so much the price, but watch what the players like this are doing, who's investing, who's building, who's raising capital and much more. So that's what I'm looking at. And that's why I build this podcast to share the news, because, you know, this is not going to make mainstream news. This is not going to be on CNBC, Fox or CNN or whatever it is. Right. And a lot of people are not paying attention. But I'm glad I'm here early. If you are here early, pat yourself on the back because there's going to be billions of people coming in buying Bitcoin and other crypto at a premium and they're going to go to BlackRock and whoever else. Right. But you and I are on the side of smart money. We are on the side of BlackRock. We are on the side of Fidelity. Right. Accumulating the lows. And then when the bull markets come back, then, you know, the herds, the herd who watch Jim Cramer and listen to Jim Cramer will go by. And that's when I'll be taking profits. And I'm sure many of you as well. So once you understand the market cycles, both for stocks, even real estate and obviously crypto, you know, you can make money, folks. And that's what I had to learn. I had to unlearn the mainstream media finance and listening to Jim Cramer and all these things. Right. And study the charts and understand the market cycles and know when to buy and when to sell, because all those things, you have to be a contrarian. Right. You've got to go against your emotions. You've got to go against the herd mentality. And that's hard if, you know, all your life you've been trained to go with the herd. Right. From television and media and all these things, you have to unlearn that. And once you get it, boy, it's pretty sweet. Right. To be able to make a nice return, make nice money. And obviously you've got to diversify. I diversify into different tokens, into stocks. I've often tweeted and sometimes shared, you know, my positions. Recently, I told you guys I bought PayPal because Jim Cramer said to sell PayPal. So I bought PayPal. Right. I know it's not going to be some quick flip. It may I see I may see some nice returns by next year and that's OK. I a am patient investor looking to build wealth for me and my family. So anyway, guys, that's my approach. Let me know what you think. I would love to hear what you guys think about this news. Leave your thoughts and comments below. Hit the thumbs up button. Hit the five star rating on the podcast platforms. Don't forget to check out the merchandise store. Link will be in the description. Thank you for your support. Thank you for listening. And I'll talk to you all later. Thank you.
The Café Bitcoin Podcast
A highlight from Swan Private Macro Friday with Steven Lubka, Sam Callahan, John Haar, and Terrence Yang - September 22nd, 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. This is like a rabbit hole, but, you know, posture is a very interesting topic because there's lots of studies out there that show that actually fixing posture doesn't do absolutely anything to preventing pain. So you could say posture is a shitcoin. The best way to fix your posture, I think, is just sell your chair. So, Sam, I've been doing a muscle activation technique, which is basically a realignment of your nervous system, I guess, so you have a bunch of different muscles that help your joints to mobilize your joints, and oftentimes we get micro injuries and some of these slow twitch deep muscles stop working and then your body compensates, of course, by utilizing other muscles around that muscle group or within that muscle group to compensate, and sometimes those muscles start refiring again and sometimes they don't. And so I've been doing this thing called muscle activation technique, and my posture has actually improved because this technician has gone through and ensured that all of these muscles that are around these joints for mobility and range of motion are activated. And I feel I actually it's almost like magic. It's just really weird thing because you don't really you can't really tell what's going on because you don't really feel a lot of these muscles individually. But after doing this for about 10 sessions now, I feel better physically than I have in a long time. My posture is better. It feels like my body is working in much better than it has in the past. And it's really been it's really and he and he actually and people have noticed my posture getting better. And it's just a really it's it's probably the best health care money because he doesn't take insurance or anything. It's probably the best health care money I have spent in the last 20 years. Wow, that's quite an endorsement. Well, that's great. Happy it's up for you. Muscle activation techniques. What's up, Terrence, Dom, good morning. Yeah, I've been working on my posture, too. I look back at like old bull market charts, Bitcoin, and then in my posture, I like puff up and my everything kind of comes much better. I just have to go on internal team videos, watch my great colleagues, Steven Lubka and put them. Sometimes they look the same to me because they have the exact same posture and they're the same height. But yes, that's always a good reminder to improve my posture. That is true, as you learn about Bitcoin and you stop watching every single five minute candle staring at the chart and just stop worrying and go outside and start learning about other things, start learning about the network, reading books, the posture improves. So there's a little benefit there. Dom, yeah, I saw you make an announcement about the proof of workforce. Congratulations. Pretty cool. You want to tell us a little bit about it? Yeah, thanks, Sam. I got a little background noise because I'm on the big red. But yeah, really awesome to get that thing up and going. We put it, we tweeted out our board, which is, in my opinion, an unbelievable board of directors, including, I see in the audience, the one, the only Joe Carlasari. So I got mad BJ Dictor sound effects. I got my BJ Dictor sound effects loaded up right now. So, yeah, no, just doing great stuff, doing some great work, really excited for it and excited to talk more about it at Pacific and connect with anyone who's looking to bring Bitcoin to workers and unions and other membership based organizations. So really cool stuff. And yeah, man, super pumped. Yeah, I think it's a super cool nonprofit just working for, to educate people about Bitcoin, these unions, these pensions. Congrats on getting that off the ground. I think it's a really important effort for the next bull market to kind of start protecting workers and their future retirement. So with Bitcoin. Yeah, it's a tough group to crack sometimes. And it really helps, you know, was thinking about like, what's the best model and the nonprofit model being able to come in with no product? No, like, hey, sign up here. Like, hey, here's the cards on the table. We want to help you figure out how this works with your organization, whether that's just education, whether it's adding Bitcoin to the balance sheet, you know, enabling lightning payments for your members, you know, whatever that is, we just want to provide the tools and then let them kind of find their way on their own. Yeah, probably use the Nakamoto portfolio. That's a great tool right there. It's going to help a lot. Check it out. Nakamoto portfolio dot com. Play around with those tools. Extremely powerful. Yeah, that's a great tool for sure. Kind of pivoting a little bit, but like. Did you guys see that video of the guy getting his engagement ring back on like a reality TV show and then saying, you know, oh, that's a Bitcoin. That was hilarious. I could play it for you if you want. Yeah, why don't you play it? Vanderpump rules, right? You're still wearing your engagement ring, huh? Yeah. Yeah. I'm I'm going to give it back to him. Do you want to know? I mean. Don't give it back. No, I'm not going to keep it right here. Thank you. That's a Bitcoin. I love that so much. It's like every Bitcoiner thinks that you start like pricing in everything in Bitcoin. It really does become your unit of count in your head. Once you give the girl the ring, don't take it back. Yeah, you're going to want to make sure you're. You're positive on that one. Another reason not to put data on the base layer, right, like marriage certificates. I kind of think the days of expensive engagement rings and expensive weddings are going to end fairly soon with housing affordability at all time lows and so forth or in all time lows for at least for decades. You mean because diamonds are a shit coin and they dump them in the in the ocean off of the coast of South Africa? Yeah, basically, I think it's already the demand is already down, but it needs to kind of die a permanent death. I think the greatest marketing campaign ever. Yeah, diamonds are a rabbit hole. Like I'm going down that rabbit hole, the De Beers company and how they control a monopoly on the entire supply. And it was a huge marketing campaign. And there's no scarcity there. Girls aren't going to want to hear that, but only it's only for certain only for certain sizing and color. But yeah, then there's like these lab diamonds, right, that you can't even tell the difference now that are better. Yeah, I'm not going to get one of those, but they're shit coins. There's no scarcity to them. And they're wow. Really, Sam? It's progressed that far. You're already thinking about a ring. Congratulations. You heard it here first on Cafe People. I wouldn't go that far, Peter, right? But if I was, there's no way I'm going to get her a lab diamond. I saw this video of somebody like in the front row of an NBA game. And I guess there's like a gun that you could check rings to see if they're lab grown or they're regular. And they were going down looking at the big rocks of these celebrities. And this guy, his wife's ring, and then it shines red that it's a lab diamond. And she just gets so pissed off and throws it at him and runs out of the game. Whoops. Rug pull. Rug pull. Or that gun was inaccurate. Because again, you're like trusting the third party source. That's the whole point of bringing it back to Bitcoin. But that's the whole point of Bitcoin is you can self verify that you got real Bitcoin from whoever sent you Bitcoin because you're running your own node. Whereas with whether it's gold or diamond, like the Chinese got swindled for billions of dollars. I think of fake gold bars that were actually tung sun and just gold plated. I like how quickly you think on your feet, Terence, but I don't think she's going to buy it. Yeah. Terence is like, oh, did you think about the gun? It was the gun, bitch. It was the gun. Oh, my God. Hey, guys. So a friend of mine, actually, this is timely. A friend of mine just bought a lab grown diamond and he paid 1500 euros for it. It was 3 .07 carats. And a traditional diamond would have cost about 50 grand. So it's completely destroyed the price of diamonds, man. That's insane. Yeah. Over three carats. And it's chemically, he showed me the certificate is chemically identical. It's still got slight flaws in it, but they literally just they're basically just printing diamonds now. Right. So they've become dollars. I thought it was funny. That's hilarious. The stock to flow is going down for diamonds. Anyway, his wife, she's delighted. She's got a $50 ,000 diamond around her neck. Does she? Got to get one of those guns around here. So check out, check them all. Yeah, I'm intrigued about that gun because what he was saying to me was that he said chemically, they're identical. So I'm not sure what the gun's doing to identify it being a... They find the flaw, right? Because natural diamonds have flaws. So if it's natural, there's going to be a flaw. It's inevitable. You can't see it, but you can see it under like a magnifying glass or whatever. Well, I saw the certificate of this lab grown diamond and it had flaws in it as well. Oh, wow. Yeah, they artificially create the... Yeah, Chris, did you verify that there was a flaw? That's a valid point. I mean, I did trust. I didn't verify. So I stand called out. Yeah, a lot of Bitcoiners are pretty hesitant to separate with their sats. But I think a white is a good investment. That's when you know you got a keeper. Like I was going to buy you a diamond ring, babe, but instead I stacked into cold storage for us. For us. Sam, you might have something there. A ring that's a self -custody hard wallet. You might be something there, dude. I'm actually seeing... I remember in 2017, I saw rings and watches with like little tiny QR codes in them. I don't know if it's a good idea to have a lot of your Bitcoin on a ring or I saw another person with one in a necklace. So there are like things like that. It's not great security. It reminds me of how like in India and stuff, they wear their gold. You know, they keep it around their neck and wrists just because it's the safest place to be. I mean, I guess if it's just a receiving address, you know, I mean, somebody could hold me down and track it down and figure out and whatever. But I mean, you know, that could be your diamond ring. You know, instead of the diamond up there at the crown, throw a QR code up there. Just be like, babe, you're going to be stacking. We're going to stack for the rest of our lives together now. We're going on a stacking journey together. How do you carry across the border more than $10 ,000 in value without having to report it? You wear it. Or Bitcoin. I have friends who move tens of millions of dollars or millions of dollars of their net worth, like 90, I don't know, 98 % plus of their total net worth to leave China, leave South Africa, come to the U .S. and never go back. And at the time, at least, they were too dumb to stop them or even question them. We just left, one -way ticket. Yeah, the fact that Bitcoin is digital and that anybody can escape like an authoritarian regime or war with some of their wealth, you know, that's when you think about like the ESG narrative and even like KPMG report talked about the S and how that characteristic of Bitcoin really helped people in really tough situations and think about how else they would do that and kind of realize that like Bitcoin is a solution there to a problem. And BlackRock and State Street are closing up ESG funds as we speak, which is, I think, a positive development. Yeah, I kind of reject that entire framing. I think it's led to a lot of misallocation of capital and kind of influencing boardrooms about how they invest their capital kind of impeding free markets. Yeah, ESG is a control scheme. I mean, we've seen that, but what are you talking about about BlackRock shutting down ESG funds? I don't know about that. Yeah, BlackRock and State Street have just been closing ESG funds in 2023, kind of shutting them up. And that's a reversal of the trend over the last couple of years. And BlackRock, Larry Fink, I mean, in the early 2010s kind of spearheaded a lot of these efforts, really gung ho about ESG. The last couple of years, they've seen a ton of pushback. And now we're kind of seeing them close up ESG funds. And I feel like we're seeing a shift in sentiment around the entire movement because I think people are realizing that like, A, some of these goals are completely untenable. And then secondly, you're hurting the poorest countries amongst us, like the developing nations, by preventing them from accessing cheap energy sources. And you're really making us weaker and less resilient by shutting down oil, gas, and fossil fuels. And so you're seeing a ton of pushback on it. And so BlackRock and State Street are starting to shut down ESG funds. It's just kind of like a flag post in my mind of this ESG narrative that was so, so strong the last decade. I don't know if anyone else has opinions there, but... Yeah, the only thing I have to say is I feel like Larry Fink kind of jumped on the bandwagon somewhat later after the ESG narrative got a lot of traction. Then he kind of added fuel to the fire, which is a huge name and was very outspoken. My point is he's added fuel to the fire. He didn't start the fire, but he kind of... So he's a politician ultimately, right? Like he's very political, even though he knows finance. To a manage massive fund that manages, I don't know, $9 .6 trillion or whatever, you have to be political and you have to read the tea leaf, so to speak. And yeah, react to the times. I think the exception would be somebody like Vanguard that might do a lot less in terms of ESG or jumping on the latest trendy whatever, because they're so focused on index funds and they're member -owned. This was not an ad for Vanguard, but... I just remember Larry Fink writing... And I just remember it made a lot of waves and kind of definitely added fuel to the fire, like I said, Terrence. So they shut down two dozen ESG funds this year, just to give some stats there. Yeah, I wish I could say like, you know, oh, maybe they really are being orange -filled and whatever, whatever. But it's probably like you said before, I mean, like ESG stuff, it's untenable over time and you get to a point, it probably just isn't profitable. I don't know than any of this, any of what I'm talking about, but just I'm just going off a gut, like the ESG stuff is unprofitable because the economics don't work. We've talked about that. You can look at the windmills and the solar panels as perfect examples of that. But I mean, just the overall thing, there's a good book, I've talked about it before, called The Prize. And it talks about the control of energy on the planet and how there are groups that seek to control other groups through the narrative of controlling what type of energy you're using, what is acceptable energy use, all of this stuff. But in the end, if you're going to try to make like, you know, bets and gambles off of this stuff, like you're going to have to pull your rug early because it's not, at some point, the economics don't work. Well, not to mention too, you know, it's the trend of like having an ESG report for a company. I want to see some of these companies that are like, you know, Nike's ESG report, which I don't know the details, you know, but you know, there's some low wage labor being done. And then, you know, you got this shiny ESG report that's like, you know, sustainability, we've done this and ethically, we've done this. And also, you know, behind the curtain, we've got this going on too. Yeah, I mean, it trickles all the way down, even now, like in web design, web development, like if you want your website to rank well on Google and whatever, then, you know, you have to build your site, you have to have that in your mind while you're building your site. You have to make sure that it's going to be well received by Googlebot and, you know, all these other stuff. And one of the things that they've been pushing is how ESG friendly is your website? Like your, the processes that it runs and, you know, are you doing it correctly and coding it correct? There's more than one way to code. And, you know, it's like, man, okay, I understand the idea, like, make your website work more efficiently. Like, of course, duh, like, that's what we're doing. But Google of all people to tell me about energy use of a web platform? Come on. Yeah, Chrome is pretty bad. Yeah, go ahead. I was orange peeling and no, I was I was just like at insurance, kind of talking to them about Bitcoin. And it was a bunch of claims professionals and lawyers. They were very like, you know, obviously, these are like super risk adverse cohort of investors. And so we were there just like talking Bitcoin as like the weird Bitcoiners at this conference. But I found out that 90 % of them take into account ESG when they're thinking about investments today. And that's in the most recent Goldman survey. So 90 % of insurers consider ESG when making capital allocations today. And at the same time, their number one worry in that survey was inflation. And so it's one of those things where I don't want to give credence to the framework. But it's so ingrained in some of these like traditional capital allocators minds that maybe just by playing into it and saying like, well, here's how Bitcoin is actually, you know, quote unquote, ESG and just kind of like Trojan horse in it through their their silly framework is the strategy that I took. And it kind of kind of went well. I kind of like said, like, although I reject this entire framing, here's why Bitcoin actually kind of achieves your goals. That's kind of the tactic that I took.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? 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. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? 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. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
The Financial Guys
A highlight from Growing Unease: Current Administrations Approach to Security and Travel with David Bellavia
"What do you think they're doing with cash, right? What deal do you make where someone says, I'll bring a box of money to you? Yeah. What do you, it's, this is a state sponsor of terrorism. Ladies and gentlemen, distinguished guests and my fellow citizens. America's comeback now. starts right Welcome back Financial Guys podcast. Mike Speraza in studio live today with a guest in the studio. I haven't had this in a long time. Staff Sergeant medal of honor recipient David Bellavia joining me for about a half hour today. David, thank you for joining us. Thank you for having me. I appreciate it. Absolutely. So I'm going to stick based on your background. I'm going to stick with a lot of military stuff today and I want to start, we'll go all the way back to the beginning of the Joe Biden presidency. The Afghanistan withdrawal, in my opinion, did not go very smoothly. I'm sure many people listening agree. What were your overall thoughts of that withdrawal and how it actually ended up happening? I know we lost, you know, sadly lost 13 soldiers in that, in that withdrawal. People say we went off the wrong air base. People say that we shouldn't have gone out in the middle of the summer. There was a lot of different things there. What were your overall thoughts on that? I think it's like the worst day in American history since Market Garden. Just absolutely. And the reason why it was so difficult was it was totally unnecessary. So let's rewind to the Obama trade, Bull Bergdahl and the three first round draft picks. They get Marshall, they get MacArthur and they get Patton that end up the resurgence of the Taliban. These men not just go back to the enemy, they go back to the battlefield. They're in power when the government falls. You have misinformation coming from the White House that the president of Afghanistan is leaving with billions of dollars on his plane, which wasn't true. And then you leave the equipment, the cash. There's no recovery. We're getting reports of sales of American equipment left in Afghanistan in Southeast Asia. We're moving material across the globe. Our children will fight and pay and have to atone for these miscalculations. Let's talk about that. You being in the military and you knowing that area too, why did they just find it the easiest way out to just say, you know, just leave that billion dollar billions of dollars of equipment there and not think, again, if it was me and I'm speaking that someone that's never been in the military, but if it's me and I'm the president, I'm thinking, OK, I don't want to leave all our weaponry there. I don't want to lose any of my men. Number two. And number three, I want to make sure that everybody knows when and how we're getting out of there. And it just felt like poof. One day they said we're getting out of here. Well, it's because the military didn't make any of those decisions. I mean, look, Millie, it can criticize him. You can criticize Secretary of Defense worthy of criticism. However, none of these individuals are making decisions. This is about NGOs on the ground. This is about the State Department. So you've got Bagram Air Base, the equivalent of JFK. You've got Karzai International Airport, the equivalent of Teterboro. Right. Why would you ever do an exfil out of Karzai International Airport? It makes absolutely no sense. It's tactically unsound. But and then you've got all the ISIS -K. We retaliate from the murder of 13 of our bravest and we drop a bomb on a guy delivering water. He's on our payroll and we kill children on that. Then we take out Borat on a tuk tuk driving around like that wasn't even really what was happening. It's just a den of lies. And Tony Blinken and Jake Sullivan, all the heroes that brought us, you know, the Bergdahl deal, the Iran nuke deal. This is these. They the State Department is running all foreign policy, including what the DOD used to run. Well, that's I was going to say. I mean, I know Biden's the president, but do you blame him at all or is it everybody underneath him that, you know, maybe was giving him bad information? And again, some of these decisions, David, is Biden even involved in some of these decisions? Like, I don't even know anymore. Is he around? Is he paying attention to anything going on? Well, I mean, just from the press conferences, it was apparent he didn't know what was going on. And the great irony is that they actually were predicting that Ukraine was going to be invaded and, you know, no one believed them. So it's like you can't influence your friends. The allies don't trust you. The enemy doesn't respect you. You know, I mean, you've got Ben Rhodes is really proud of this State Department. Susan Rice loves what they're doing. But, you know, again, Americans died. And, you know, and what is the perfect culmination of the adventure in Afghanistan? Looking at your watch at Dover Air Base when bodies are coming home. I mean, nothing could you couldn't ask for a just it's it's a debacle. Yeah. And it's sad that that's that's the leader of our country there. Let's move in. You brought up the Ukraine there. So the Russia Ukraine conflict will get to Zelensky in a minute. He is as we speak in New York City right now. But so Trump's in office. We don't see many of these conflicts or any conflicts actually started under his watch. And then we have the Biden administration come in. And a year later, we have Russia invading Ukraine. Why did this happen and why? Why the timing of February of 2022? So let's go back to when we were fighting ISIS. Trump engaged and destroyed estimated some say 300 members of Wagner forces. But those were Russian nationals. We engaged. We destroyed them. What was the response from Putin? Nothing at all. So what do people in that section of the world, Eastern Europe, the Middle East, what do they respect? They respect power. They respect authority. You're not going to get any respect if you don't engage the enemy when they present themselves. I don't understand the calculus of again, I'm trying hard to figure it out. I don't get it. I don't. You know, Romania and Hungary and Poland, you're letting them unilaterally decide whether or not they want to send reinforcements into Ukraine. That's an act of war. If NATO members engage the enemy, all of NATO is engaged against the enemy. Poland doesn't unilaterally make that decision. Hungary and Romania don't unilaterally make that decision. We can't even articulate what the mission is. And if you look, go to the Institute for the Study of War, there's a plug for them. Check out their overlay from when the battle started, when the war started with Russia. And tell me what success this offensive in Ukraine has produced. I mean, let me ask this question, because I get confused. The answer is nothing. I asked this on Twitter, X, whatever it's called, all the time. What is the end game and how do we get there? Because all I see the answer is, hey, just blank checks. Hey, just write a check. Hey, here's a billion. Hey, here's 20 billion. Hey, here's another 10 billion. I don't actually see a look. I mean, like anything, right? If I write a business plan of what I want to do in 2024, my goal is X. I write down my steps to get X. I don't just write down X and say it's going to happen. I don't really know. And then the answer always is, well, we have to fight. We have to back Ukraine. Okay. But when does that end? Because the Afghanistan war and the war in Iraq lasted 20 years plus, right? And was there a real end to it? I don't know. That's where it gets frustrating for me, Dave, where I'm like, how do we know what the end game is? Do you win or lose? When does that happen? I don't know. I don't know. At least you're thinking about it. And I have fear that our leaders aren't, and that's the problem. So here's what this comes out. You're going to get a negotiated settlement out of Ukraine, right? But you talked about the billions of dollars that we're spending and giving to Ukraine as a blank check. First of all, Zelensky visited Ukrainian soldiers in the United States. Did you know that there were wounded Ukrainian soldiers in the United States? I did not know that. Well, today he visited them. So what's happening there? So that's a cost that no one is putting on the ledger. So now let's look at the blank check that Ukraine is getting. And by the way, I'm pro Ukraine. I want to fight communists all day and night. So let's punch Putin hard in the face. However, you're giving them a blank check and you're giving them munitions. Now here's the problem. We have to replace those munitions. Those munitions were purchased for 20 year global war and terror. And let's be honest, inflation is involved. So what you purchased for $10 is now $17. So you're not just giving them the money. You're giving them the equipment and the munitions that you have to replace yourself at the value of what is valued today. We haven't scratched the surface for the amount of money. CBO absent at the wheel. No one is tracking this. 2024 can't get here fast enough. How does this work, though, when you talk about some of these NATO nations coming together and making decisions, but us not just giving weaponry, giving everything money, whatever we're giving there? Is that not an act of war, too, though, David, at some point? We're continuing to fund Ukraine continuing the war in Ukraine. I mean, that to me seems like we're backing a war. Well, I mean, by the letter of the law and NATO charter, it's not. But here's the problem. It's schizophrenic because we were told that what was an offensive weapon was going to mitigate, you know, that wasn't going to help peace at all. So we went from, I don't know if they should get tracked vehicles to I'm not sure an artillery piece is what they need to high Mars rockets being launched. And let's be honest. I mean, the Ukrainians are I mean, the payload that they're going through, what you would have to have cataclysmic casualty numbers to be able to to the spandex that they're doing on the ground that they need to replace Patriot. If you're going through thirty five Patriot to, you know, missiles, I would expect to at least the C 20 makes that are shot down. They're using them for air artillery. They're using there for indirect fire. I don't know what they're doing, but this is going to end with Don Boss going to Russia. This is going to end with that land chain that Putin wanted through Crimea. And again, our friends in NATO, what are they even doing for Ukraine? What? Look, if you they said that Trump wanted to kill NATO, Biden did it. Right. Biden did it. And now Germany. And so Putin was selling oil at thirty dollars a barrel. What's it at ninety six? Yeah. He's making more money than he did before. And he's financing a war and killing innocent people. You mentioned before, too, and I think this is a good point. Everybody on the left and I'll say the media, the establishment, whoever you want to say, says that if you don't agree with the war in Ukraine, you're like pro Putin. Right. And that's just the most outrageous thing in the world, because I agree with you. I feel for the people of Ukraine. I don't want this for them. I don't want this for innocent people. However, at some point, the world's every every one of the world's problems can't be America's problem when we have a border crisis. And then I think they said yesterday ten thousand people came across. They got, I think, eight thousand of the ten thousand. But you see the numbers day over day. It's a problem. We have crime that's rampant. We have overdoses that are at record numbers. We have we have suicides at record numbers. At some point, we have to maybe just think about ourselves and not everybody else, because if we fall, sadly, I think the world falls at that point. Amen. The thing that I would add is I love the way the Ukraine refugee has been crowbarred into the migrant crisis in the United States. New York leaders from the city to all over Kathy Hochul, the governor of the state of New York, mentioning that, you know, like the Ukrainians in Poland, the the Polish have no intention to keep Ukrainians forever. That's a temporary you know, they're leaving a conflict to return to their country after the conflict is over. Again, this is just we're we're putting a round peg into a square hole and just hammering it away. But but there's no the media. There's you're our destroying military. I go to parents all the time around this country and ask them to give us their sons and daughters to join the military. And the one thing they bring up is Afghanistan. It's not about anything. It's Afghanistan. How are you going to assure us that you're going to maintain your commitment to our son and daughter when you betrayed us in Afghanistan that has lasting effects? And there's not a I'm trying to find a segment of our of our of our nation that's functioning. I don't know what it is. I saw in Chicago, they're going to have municipally owned grocery stores. Maybe that will figure it out there. Yeah, yeah, it's good. Real quick, do you think and we'll finish up on this topic, but do you think that they will we will ever have boots in the ground on Ukraine? I mean, I hope not, because I just don't know what the I mean, look at I'm I'm we're getting ready for China. We're trying to revolutionize everything. I don't know what the what the plan is. I mean, again, if you want to put a base in Ukraine, and you want to make that a sustainment operation going forward, that I here's the point. I don't understand what the inactive ready reserve call up was for. Why are you bringing those troops in the non combat support? Why are they going to Ukraine? What are you building infrastructure there? Here's what I do know. We're talking a minimum of $11 trillion to build Ukraine back. That is cataclysmic amounts of money. There isn't water, electricity, internet, you know, you want to help Ukraine. You're going to Russia is not paying for that if you negotiate a settlement. So I don't know what the plan is. But I hope we never see boots on the ground. I could guess what the plan is. I won't I won't say for sure. But I could guess that we'll be paying a chunk of that. And I do have one last one. So I did interview Colonel Douglas McGregor a few months back. And he talked about he's a real optimist. But he is really very, very bullish on Ukraine. Yes, very, very optimistic. I'm dropping some all over the place. But he brought up some staggering numbers, though. And even if they're half true, it's a problem. The amount of casualties and wounded soldiers on the Ukrainian side that we're not hearing about the media. I don't know if you agree with some of those numbers or not. But he's saying, I mean, it's people are acting as if this is an even war right now. And it's not even close. First of all, McGregor's a stud. I mean, he's an absolute, you know, that we're glad he's on our side. He's a military mind. I don't know if those numbers are accurate. I could tell you they're juxtaposed to almost everything we're hearing from every institution that we have, including a lot of our intel from Germany and England. But again, I don't know what to believe. So when you don't have when you don't have transparency, when you're not holding regular press conferences, when your Pentagon spokesman is now working in the White House and now you're getting a triple spin. I mean, the U .S. Open double backspin. You've gotten so many spins on the narrative. I don't know what to believe. But if he is even close to what is a segment of truth, you know, then look, Ukraine needs an investigation. There's a lot of investigations. We've got to start on Afghanistan. We were promised that by Speaker McCarthy. We need a hot wash on Afghanistan. And then we need to go to what who is oversighting the money that's going to Ukraine. And what have we got for our return on investment? Yeah, I'm not asking for much. Really, all I'm asking for in this conflict is can we just talk about what the end game is? And to your point, can we get an accounting of where the money's going and what's being spent in a real accounting of it? The Iran deal that just happened last week. First off, the fact that that was negotiated and completed on 11th September to me is just the ultimate slap in the face. But you again, you know more about this than I do. We do a five for five trade. OK, I'm going to use sports analogies. We trade five for five. And then we also approved of six billion dollars that apparently wasn't ours, but it was in a fund that now they can release to Iran. How are we winning on that one? Well, first of all, I was hoping that at least it was a digital transfer. The fact that it went as euros in cash through Qatar. And OK, so what happens the 24 hours after that deal is made? We're now getting issues in the West Bank. We're now hearing about issues in Yemen. We've now got Hezbollah that's reinforced. I mean, look, what do you think they're doing with cash? Right. What deal do you make where someone says, I'll bring a box of money to you? What do you it's this is a state sponsor of terrorism. They haven't changed. By the way, their president is now in New York City addressing the United Nations. This guy's killed 6500 of his own people. He admits to it. He killed the students that revolted and wanted democracy when we did nothing. He killed 5000 of his citizens in 1988. He's killed over 300 Americans. There's no accountability whatsoever. I don't understand what it is about Jake Sullivan and Tony Blinken that believe that Iran is a partner. All you've done 10 years ago, they were refining 10 percent of their oil. And now they're a force. Now they're working with Maduro in Venezuela, and they're a huge part of their members of of the international community. They're in good standing there. I don't get it. Does anyone believe that the Iran nuke deal? Look, we got hit with cruise missiles under Trump in Iraq. How did they have those cruise missiles? Those cruise missiles were illegal under the Obama nuke deal. So how are you refurbishing missiles in two years? Do we believe that their centrifuges have stopped? That they won't have a program if they don't have one already? No, I mean, I guess my question, David, is how I mean, I know that you pay a lot of attention to this stuff, but how do people like in the media not ask these questions? Right. I mean, these are legitimate. I mean, we just traded to I put this on my notes here. This is on the heels of trading a WNBA basketball player for the Merchant of Death like six months ago. Right. I mean, and again, I'm glad Americans are coming back to America. I don't want to sound pessimistic on that. That's great news. But we also I mean, this this stuff just seems like I don't care what side of the aisle you're on. It warrants questions, but nobody seems to care. I'm in the world that if you take hostages, we take hostages. You want to exchange people? We'll exchange people. You know, we definitely have the partners in the area to do that. For whatever reason, this administration, they're they're they're contrarians. They're contrarians to you know, they claim Bush and Cheney are their best friends, yet they just go 180 degrees from that doctrine. I don't know what the Biden doctrine is. I don't know what Bidenonomics is either, but I could tell you that they believe that Iran is a partner. Now, here's another thing. Our envoy to Iran not only is no longer the envoy, he doesn't have a security clearance. Does anyone curious at The New York Times as to what happened to the lead negotiator in Iran that is escorted off a bus, taken into American custody, given a job at Yale or Princeton or wherever he's working now? I've never heard of a person going from top secret classified negotiations to no clearance whatsoever and in the custody of American intelligence community. No one cares. No one cares at all. It's fascinating. And again, for me, I mean, these are big decisions that we're making. And correct me if I'm wrong, but it used to be, you know, maybe we did a two for five deal and then we made the six billion. Now we're like, we're giving stuff away and we're on the losing end. Correct me if I'm wrong, but America was never, you know, America losing. It was always America winning, right? America getting the best of deals. At least McDonald's has a five for five. We didn't even get that. You know what this does though? Honest to God, if you're thinking about traveling overseas, things go sideways, cartel, South America, Mexico, wherever you're going, you have a price in your head now. No one in their right mind is going to bring you back whether it's Haiti or wherever you are, you're worth $1 .25 billion. And thugs and scumbags are going to take advantage of that. I mean, that's a great point too. Do you think about leaving the country? I don't know anymore. That's a little bit concerning. I don't care where you're going, right? That's concerning. This one I just had to bring up because it happened two days ago or yesterday. How do we lose a plane? And I heard that's like a third one in the last six weeks that something like this has happened. How are we losing $80 million planes? Well, they're not $80 million anymore because they've got a new engine and all this other stuff. Look, the F -35 program is a complete disaster. You want to talk about why our allies think we're crazy. We sold them a plane. This program has been around since the early 90s and we've got nothing on return for it. So basically two planes are flying in a buddy team. They're doing training and a guy punches out. We don't even know why he punched out, but that plane could have easily hit a building. It didn't, thank God. But the wingman didn't follow where his buddy went. So what is he doing? He just kind of went on and did his own thing. And now the Marine Corps put a Facebook post like a dog is missing. We're expecting the Ukrainian farmers to carry the F -35 out with their tractors. I don't know what the point of it's wild. Look, stop embarrassing us. Just stop humiliating us. That's all I'm asking. Just be the army and the Marine Corps that we know our men and women are capable of being. Get out of their way. This gender garbage, this social experiment nonsense, stop humiliating our military. That's all I ask. Why can we not get the... I mean, I know why we can't get the answer, but I'm asking this to you. But why can't we, at a press conference at the White House, why can't we say, I want to talk to the guy that was in the other plane, or you can tell us the transcript of what happened when that happened. Talk to the guy who jumped out of the plane. Why did you do that? And again, I'm not trying to put our military on the spot, but these are kind of big questions to ask, right? I mean, if I do something in my business, I have to go face the music on that. Why doesn't everybody have to face music for their decisions or why things are happening? I think it's kind of important. Well, you don't want to talk to generals because they're going to tell you the truth and they won't be generals anymore. True. And you don't want to talk to enlisted people. Because look, I mean, let's be honest. How many people are... Is this a merit -based military anymore? Do we have a meritocracy? Are we promoting people based on pronouns? Go figure. When we're putting politics above military strength, accidents happen. We don't know the facts, but the fact that nobody cares about getting to the bottom of it, the day of the Pentagon paper reporters are gone. Yep. Yep. Let's just talk about the 2024 race quick, and then we will wrap up for today. So your thoughts on the Republican primary so far, I'll stay away from the Democratic side till the very end, but your thoughts on, you know, there's obviously Trump who is now in a, has a huge lead. Ron DeSantis seems to be crumbling underneath himself. Vivek Ramaswamy has jumped up in the polls. Nikki Haley's there. Tim Scott's there. A few others that probably aren't going to get a lot of votes. Chris Christie's the anti -Trump candidate. Mike Pence is, I don't know what Mike Pence is. I'm not really sure. Your thoughts about the whole field so far? I mean, look, it's impressive. They've got a deep bench. There's a lot of diversity. I, you know, none of it matters. Trump is the guy. The more you indict him, the more you empower him. You know, I'd like him to work on his communications a little bit better. You know, but if Trump is Trump, Trump is a Frankenstein monster of Barack Obama. As long as you have that faction, you're going to get, you know, Trump is going to be empowered. I just don't want to see Governor Noem anywhere near the White House. And I, if he's going to pick a running mate, you know, it's hard to find an ally here, you know. But it would be nice to find a governor. I don't want to take anyone from the Senate. I don't want to take anyone from the House with the margins that tight. But I mean, the idea that Governor Noem is being floated right now. I mean, I'd rather take North Dakota. Yeah. A little sled there. You know, it's funny you mentioned that because I saw a lot of that this weekend. I mean, can we just, for lack of a better term, keep it in our pants for about a year and then do what you got to do? It really is. I mean, every time you turn, somebody's doing something idiotic, whether it's Boebert. And again, I say this, David, a lot of people know who you are. A lot more know who you are than they'll ever know who I am. But when you go out in public into a movie theater like that, and I'm going to Boebert, not Noem for a second, you're, you're extremely well known. I don't care if it's dark or if it's as light as it is in the studio right now. What are you thinking? I, you know, she's, she's, she's an embarrassment. She is. She's bad, too. Who would have thought that Marjorie Taylor Greene would have been the, the oasis of the Maryland? I mean, seriously, I, again, you're, you're in Congress every day. You're out in public, you're on the job. You know, at least she wasn't wearing a hoodie, you know, that's all in shorts. She was at least dressed for the occasion, but I, it was, it's wildly embarrassing. Vaping, singing, whatever you're doing. Getting groped. Yes. Who is your VP candidate then? Because I think, you know, you have names thrown around. There's, there's, the vague has been thrown around in there. You know, Byron Donald's has been thrown around in there. Carrie Lake has. I don't know. I love Carrie Lake. I just don't know that Trump needs to go with somebody so divisive there. I think he's got to go with somebody that's, that's firm in their beliefs, but also not maybe going to turn off half the country. Well, you know, it's, it's impossible. One of the, one of the problems with making Trump, you know, the, the enemy of the state that the left has done is that you've really made it difficult for him to even put a cabinet together. You know, I mean, what are you going to do with it? You've got a lot of loyalists out there. You know, the vague is, is I think maybe the most intelligent dynamic candidate we've ever seen run for president, but experience does matter. But you know, I love the way he thinks. I love the movement. I don't know if he would even take the job to be honest with it. I don't think he needs it. But you look at a Tim Scott, I think Tim Scott is, you know, there's a whole lot to his message and I think he's, he's got the experience in the Senate, but honestly, you could literally take the Clint Eastwood chair and, and throw it in there as vice president. I'm going with that because this, this from top to bottom, we have to have seismic change in 24. Do you think he would ever choose Kristi Noem at this point with all that now? Yeah, no one knew Mike Pence was a, was a 24 hour story and then he was the vice president candidate. So who knows? I mean, a lot can happen between now and then, but I just, I don't need, you know, let's just pick people on their merit. Let's pick people that are ready to be the president. Imagine this, imagine picking a vice president that can lead the country. If something happens to a 75 year old president, you know, like Kamala Harris. Yeah. Someone like that.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. 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. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. 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. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
Bloomberg Radio New York
"euro" Discussed on Bloomberg Radio New York
"Euro area after second quarter gross domestic product advanced by three -tenths percent from the previous three months after shrinking and stagnating in the two earlier periods that was still better than economists were looking for we and check the markets all day long here on Bloomberg S &P futures they're up a tenth of a percent now a nasdaq futures little change this morning the dax in germany is up a quarter percent ten -year treasury dot eight thirty seconds yield three point nine eight percent the yield on the two -year four point eight nine percent nine x crude oil is two up -tenths of a percent of twelve cents at eighty dollars seventy cents a barrel comax gold is down four -tenths of a percent it is down eight dollars ten cents at nineteen ninety one eighty an ounce the euro one point one zero zero two eight against the dollar british pound one point two eight five six the yen one forty two point four zero and bitcoin this morning at a third of a percent at around twenty nine thousand four hundred dollars and that's a bloomberg business business flash now here's michael bar with more on what's going on around the world michael thank you very much karen an employee of donald trump's mar -a -lago estate is expected to make his first court appearance on charges accusing him of scheming with the former president to hide security footage from investigators probing trump taking classified documents carlos de oliviera is due in miami federal court today the indictment includes trump in his valet walt nada secretary of saint anthony lincoln says progress is being made toward establishing a multinational peacekeeping force for haiti amid a surge of gang related violence and in kidnappings baseball the oriel's beat the yankees the mats beat the nationals the giants down the red red sox the a's lost global news twenty four hours a day powered by more than twenty seven hundred journalists in over one hundred twenty countries are michael bar this is bloomberg now now a look at the front pages what's making news around the world your daily roundup of today's from major publications it's five twenty four on wall street i'm nathan hager and we check the front pages this morning with bloomberg's john tucker and apparently john despite all the legal woes for former president donald trump his campaign continues to rack up victories lease that's what the washington post is reporting this morning yet you heard about the rating of all that money with his pack this comes on another front states are setting their delegates selection rules so members of the california republican executive committee over the weekend they they voted to parcel out convention delegates based on the statewide vote that takes place next year this is uh... doesn't sound like it but it's a dramatic change it does away with the uh... the system that was in place for long a time
SRB Media Podcasts
"euro" Discussed on SRB Media Podcasts
"'cause it's always still in the game an only tixx a moment of madness a corner free kick something that happens around your box. Bang one one and that victory that three points turns into a point and then sometimes when i've got a that second breath they've got the you've had your komo parents and they're into fifth gary feel like it could end up losing the game in the final minutes. Seven astronaut watch paint dry. Watch it italy play football. But i'm gonna appraiser minute. I looked watch. Gaza play in or not. He's gonna start the saturday morning and not mentioned the channel a battalion football. I will watch it. And i love to watch gaza. The italian football is so boring. The only time i watch football if they've been a champions league final because i want to watch the final but if no then i'll i'll know what you oughta wilco. Final he's a player. what i admired. There's a player mancini. Yes and he plays a different way of football. The the lions yes they attack more. But you know as well as i do. We'll see how good italy. Because the turks worse than the swedes or the night. Yeah they never wanted to. What devoted to attack and they just absolutely free and like you said there could have been could be five to six yet. But i do like my genia aluminum as a player right and he just wanted to play five border football italy. Now if you go and do. The dutch performance should watch the second about less fifteen minutes because when our watch i watched the last fifteen minutes and if he goes i watch the second half. He's no then. I'll go on youtube youtube on things. I like to look at so for me. I think it's the biggest of bravest moment. Move that the italians. faa of me is to appoint somebody like a bongino. 'cause he's bought ish more tacky minded but he still has its mentality of the italians about defense and think about these things. I do know how to defend even to get beat. The game beat one. Yeah and he's got. It appears as he's got John luka zeze reuter mancuso's view ali were certainly on the dog in the is The other noise and again a know that attack mowing it truly great italian football player. Well he played. They played together shop door when he was. I mean i know all about it because day but when you see things in paper is just main matches you know. I mean i did see. I liked him but the allies showing you a little bit sadler why games. I don't really want to watch him. But i can watch. I can watch my team because the tight attack more and is a bit more flared in the team so for me..
SRB Media Podcasts
"euro" Discussed on SRB Media Podcasts
"Explosive in time and every time he gets the ball. He looked dangerous movement from francis. Well when i pretty much started with within the left grysman eye on the rois in bensimon. Dan the middle but the movement of the french team is tremendous that they're all football players when they lose the ball. They win the ball back as quickly as what they can. They forwards work as hard as any forwards have ever seen on the big fan of swamp. Grease man. I think he's a great player on the do love me left forty pliers being left. Left-footed apply myself just they. They look tremendously balanced. When when you say life for to just take in on as you stated that just look poetry in motion and that midfielder think he's very functional. France have got a great defense but the goku pre always has the look of a condemned man on his face. Doesn't they the so racing. Say that thomas thinks it to ease the what may cost customs runs. It could do a mistake in the you. The change of any position is phenomenal and grease man looks obviously not just look player is a football no reason. It shouldn't at barcelona. Yeah absolutely sublime it to athletico madrid. But then he goes to. It goes to owner. And then you've got messier. Whose main monday probably spotlighting simply taper position. That what reason so. He's up to play out of position. Sometimes you think he's great. Joined the these these clubs easily clubs but sometimes it can work against you. You know but without a doubt. The two games i've seen in many looks terrific. We we've always said these say it's the players that complemented each other and arguably those two up top. Probably don't complement each other. You did pick upon portugal. There always always think. There's one or two problems within that portuguese camp. And i think that when rinaldo retailers. I think you'll be happy camp. Well you know i'm not. what is you know. I'm not one for criticizing more more. When i said could use the money. Jews yes well. it's the it's the philosophy and the either their way or no way because of the money job at stake but sometimes it can be too cautious. The thing is we've now though we all know he's been absolutely one of the best players. What type of being yet berlin. A.
ESPN FC
"euro" Discussed on ESPN FC
"Million years and add add-ons they offered i seventy god this looks like an inevitability there obviously super confident. I think you mentioned united you know. The price of ninety million euros is a reasonable price for for jaden sanjay when you factor everything in you. Assume they also have a deal in place at least principal with the player. I wouldn't be surprised brochure. Dortmund my understanding is said. Well whatever happens is has to be done by the time. Training camp rolls around. We don't want any distractions the same thing last year So if you're united pay why don't you wait a little bit. Make them sweat. Maybe come in with a with a an offer that somewhere in between seventy and ninety million that they want but ultimately you know that you can go to ninety million if you have to. I mean scientists to play you want and i think senator should be the they want. You're saying before you think this night title contenders no the wheel by the judge. Kyoto has gotten yours. The summaries every day between about sunshine building for the future. but. I don't think i passed me. I don't know what the budget is this year whether they can still go and buy another strike. We know cavani still there. But i don't think. I don't think one player over the line but i don't think less player help the most all right in the lost bay form but they've got Rochford in greenwood who complain possessions as well and have done The blood and the most of the budget on sancho fair enough. I think we need to blow on a hurricane type plan. It's going to get you arguably close to eighty four goals a year that it's going to close the gap now launch. Obviously poor per one hundred seven new year. Return it on. There was some injuries in there to his credit. But you could really tell that transfer rumors.
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"euro" Discussed on Bro Bro Bro Bets
"Football week. One line for you. Let's go brown mack brown in the boys bill dixon a hat virginia tech plus one hundred on that. Now it'd be closer and thinly minus all comes in september. Thank you north. Carolina is i believe is supposed to be the second best team in the acc this season behind pit. Return of the mack behind. Clemson i could check hit. It's still throw. If they can still throwing the ball not watching a game this i. Why do you think germany jump to the favourite to win that group. That is free of france in portugal. Yeah i that's another one of france's plus one sixty to win their group and germany or belgium is down to minus one fifteen winners huge euro under barley. Right now it feels. As if that's the play i mean it's tomorrow tomorrow. You look at. Yeah tomorrow belgium. Nigel said not netherlands ukraine though correct or england croatia that england croatia game is going to be the under on macedonia. Because i don't think north macedonia. I hope i hope england doesn't try to be something they aren't like if you can't defend you can't defend. Don't don't try to sit down. Sit back and try and try and win five two. Don't try and win one. Nothing insist on tell. They lost to croatian like he wasn't off. Tell they lost in. The world. Cup immobile needs to get one here dude. He really does have to finish my sleeve. me to. that's what i'm saying. I'm going to have to start to start getting start winning some pets. I gotta start with my hand. I got fucking where this was from the first world cup get i feel i feel like once they get a full hand piece. That's what it's going to last world cup. The first one ever first one ever my baseball plays where giants i five. Plus a half miami. I five plus a half baltimore. I five plus a have and houston minus a half. I five gumby yours were. I ended up with six somehow. But that's that's usually fridays. Go giants i five. Plus a half white sox verse five money line as i five money. Line angels i. Five money line astros first. Five money line raise i five money line awesome. You like the dogs and nba. Nick on sunday. You're kind of leaning towards lightning current taken the lightning. I'm just debating. If i do it money line or park line probably just sixty minutes probably just go read just to be just to be safe and fulfil it out for that first game. See what happens have this weekend. I got nothing but Nothing okay is it not diaz a plus money fighter. Wait is taking were we taking ds. I'm hi i'm close four hundred wasn't he. I mean he has We know nothing. I know nothing about. Ds nukes partners really cool. I mean we've got calls from india and holland pretty fucking cool awesome. I love it coup. I live our listeners. Love every love every single. Wanna you even lovely even though mitts matter you utah jazz. I hate guy that's now no. That's a different. That's jazz land. Trust me if that was lovely and he would never go out here. Sixty fifth minute. Sixty fifth how these players. I thought their whole financial system collapsed. International players. Do not resells greece greece. I'm sure my ruined gr- grease one. The euros right in on know is that iceland now. They lost in the finals. everyone. Iceland made run. They knocked off England live line italy minus thirteen hundred plus eight hundred five thousand. I mean if we start this thing with the trifecta. This would be a beautiful start. My you are the best. That's house done. The international game is tough though to bet on. I find. they're trying right. what's they're trying right who players. You'd have to think they care tony. Would there be a sense. If i only took the super boost of italy to win there be a sense to hedge a tie here. Just in case like turkey comes out scores. What did you say. What are their be a sense to hedge right now. Taiwan out ten dollars trying and cover my ass now finances. I mean you could finish the see. Really worried is turkey sniff. The field all there. It is immoral. Bleed four plus. I don't well. I was reading the entire time. It's coming home super boost. This game's over. That means we can end the show. I'll do you think this guy sweetness thing that i'm hanging up on who nick dawn-to-dusk again. So what the fuck it happened again. I'll talk to you tomorrow and spaces. I think you're just hanging up on them. He wants to talk to tony. Dawn buckle. yeah done. That's out that's up. Tony treats people mean we don't need. He asked what what are we. What are we going on emmy tonight. And i said thanks dawn and i mean. We talked to and twice twice. It's never happened on the worry about. He'll talk to you tomorrow and spaces. Yeah i think. what should we do the moral. Maybe i'll do spaces for belgium. Russia three early because i think tomorrow night might have a Oh what a few bevy okay. The machine is back a few davies with the flow machine. Yes feels like we're backing. See i mean if the weather cooperates. Keep switching around. It's rained every day here for five straight days. Yeah yeah but and everything. That's happened the last two weeks but the weekends beautiful both times. Sure but then you go outside. And it's a swarm of cicadas. So so yeah. We'll do boys in the wildlife. We'll do spaces will do spaces tomorrow. Three o'clock belgium-russia. Okay i don't know what to do with the rollover because we don't know if it's gonna hit until seven o'clock tonight we'll just no matter what happens to be able to restart it through fifty four. What do you think well. I don't know we'll see what we'll figure it out for your pets in fucking. Let us know if you hit see on monday. We'll tweet out all our picks and stuff for this weekend and equal any questions about any of the footy. I'm always sitting on my phone on the weekend. So stompers math. Don't don't don't it just tweet me. I will respond. Don't me asking for picks fucking eight. Am when i tweet oh picks everyday why are you still have your dmc. You're annoyed with her by them. You never know who..
Bro Bro Bro Bets
"euro" Discussed on Bro Bro Bro Bets
"Do you feel good. That guy's gonna go back home. Get killed that's pharma for this. Three handles half i mean. Italy might fuck in steamboat. This thing now. Three and a half. I know a little concerned pay. Brown is good. Good that tell you when he called in. I said he wanted to talk about numerology and gambling and i was like what is that and he started explaining it and i was like all right I don't know what the fuck you're talking about is going to be pretty funny. I think so. I put him through texted you to make sure he got the seems like a good guy and i think it's gonna work. I did you put I have to the padres. And and not the dodgers you're on the padres against the girls slated price. I think you guys kind of overvalue. Starting pitching a little bit. I played four games. Only i look at trends and and try to see if blake's now can give me a tie. I mean you got you've seen all italy's fucking. I respect it. I i actually just started up his that This week heavy disrespect. This guy shows this show. Now that's not just started baseball betting this week in sorry talking. Shit heavily heavily. I'm a gambler not a handicap. Bruce bruce will read me off some trends. Like i believe there's one this morning that the You know the as on a friday coming off a game or they scored more than five in temperatures. Less than fucking is that not not. Try to pull up they. They are pretty pretty funny So the padres are five and a row dog of plus one forty or more off a home game when seeking same season revenge against their opponents starting pitcher the mets are owned for is arrested favorite of minus forty or more in the first game of a series after five plus. Run when as a favorite flakes. No is a bad man when he's done. Thanks brad hey love your kid brewed fuck. It is zuri dude fucking manzini win at halftime and said boys. There's no fucking cigarettes after the game. Unless we get a goal. I mean they came. They were shot out of a cannon in this habit news shoulders. Watch i mean. He tried shot he tried. He didn't try. He's ever played dodgeball before. I'm sure it was going in. If i mean if we fuck in i mean if this stays one nothing it would be fucking huge for you. I mean book try. I did hedge myself with the super so thinking about shit we doing here. Boys oh god lucianne from the netherlands. I say that right about right. I you doing. How are you mostly snyder. Good good good watching show loving show sleep also listen to the ball and the pet mcphee. Show I i wanted to the an officer for the the guy who asked for it sounds familiar. I think and even under midfielder because they know leaving and he can play all the so. I think you need a little bit of depth There are you from what's up. I live in amsterdam. Actually also were smuggled assault wire a i needed to your team because i'm from netherlands obviously biased on the euro's I need a neutral opinion about how we're going to perform I think betting lies would be a smart move to bet like old games against netherlands. Because i don't like our coach. But the seems i am from the medal and sunny someone else to give me place. The ghost ships from the coach. A tough goal at he wasn't great at crystal palace. He's not a great coach. I i'm backing netherlands of bet like i'm taking them to beat ukraine. Just because they haven't been in a major tournament and they've missed the last two right so it feels like they should show up with some fight. But i mean you're from netherlands. I could be way off on that. Now listen i think know. You're right about coach. Because we i will like forty seven ship. But it doesn't say anything caserta. They're the best team but the anyone's intimate log he sucked. He went to crystal fellas in any went to atlanta united and he was there for year and will then got fired because of some stupid incident or something and then he made in the head coach of ellen's. What the heck are you doing. And nowadays they're playing like five three two four three three which is always a dutch way playing football and i. i don't understand. I felt you can talk some sense into me in interest in the netherlands. At as as long as you have the vans roy vander sar van dyke and dyke is. That's the biggest snyder. I and rob and as long as those boys are showing up. I think you're fine. Thanks lujan got it was awesome. I love the vans. i used to the first fever. The fever world cup edition in two thousand. Six lens was reuben. Mr roy was the guy fee for two thousand and one Do you remember volvo. Was the only player who had left or had white boots now and the ball just stuck to his left foot. He was incredible ninety eight. You could play indoors. dawn from buffalo. Already talked to. Is this the same dawn. The did get dropped earlier. All don is not yes. It is the same dial off going on don wh- what's going on guys hammered down. What the hell's going on nothing. So tonight what do we like it for basketball. I'm going sons money like they're the better team. Thanks don how does someone get it to get through twice. Bruce call got. What do you mean got dropped tweet us. Those call got dropped really so he was online and talk to know. We talked to him. Can hockey short term memory is completely gone saint the. Let's just keep on basketball tonight. S- nigel might be onto some with. Just take these two and a half every game. I want to see what happens and sons and now gets and hawks sixers. I got no idea his game. It likes dogs and both of no dogs are barking on. If just based off the last couple of games to if there's a big lead and you see a very large like ten plus point Live spread also. Take that for sure. Those have been common Those have been coming home basketball. There's always a run to get back into the game all it feels like doesn't this as tabasco a few years gonna when i moved here. If the favorite was down at half. I just automatically took him and it was paying well. Yeah hi hopped on clippers last night money on. I thought they were gonna make a run they did. They just fell off at the end Tyler really bike really two years ago. It was like this last year. Because tyler go ahead boyd. Terrible got.
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"euro" Discussed on Bro Bro Bro Bets
"Like i said this is. This is a one nothing game. If italy wins that i don't think draw no bet fourteen shots. Two zero starkey homeboy. Like come on man. Yeah i i'm with you here pal team props half turkey to score goals plus to sixty italy score goal minus four thirty. That tells you anything seems as if the oddsmakers think. There's the italy's get one. They're seeing what we're seeing. I mean should have had at least one penalty shot. It's not too so hold on a second. Italy's score goal is minus four ten to horrible plus fifty. Now if you look at that you think italy oddsmakers think he's gonna score and dozen think Turkeys in escort. So why would you lay the four hundred. You get italy mice to twenty to win because it's most likely this point going to be italy one nothing than her to nothing at the most right. You'd have to hope. I mean this is the thing man without if immobile immobilize not going. I don't know where the goals come from italy squad. That's been the biggest concern. We talking about to key leaney as the box beer. Best chance drew their monteria audible. Save but who what's up through. Hello i'm diane first of all with phoenix suns on the wider. Still dogs like. I think we're just gonna roll over and die tonight. I like the money line on that. Just take phoenix suns. It'll be over and then also the andre in Last eight games every game. He's played against denver nuggets this season. He's hit the double double. So that's around. Mice one twenty on my mickey mouse books. I don't know what is on their new. But i think you've got to hammer that and looking at the euros moral i also white daniel james score plus by hundred. Thank you drew. You know who daniel james's place for man united quick as hell potentially score. What was it plus five fifty. Yes some plus. Five hundred on wales. I mean if anybody scoring on wheels. I'm good like gareth. bale is gonna i mean. I hope he has a tournament because he's going to re toy he's gonna retire from soccer after this tournament. I really do think so unless you want to go back to reality. Collect a check seemed like us have fun out there. The andre eight minus one sixty to have a double double deondraye start. John eyton to have a double double in phoenix. To win is plus two sixty as a player. that's not bad next to phoenix. Game feels like the nets last night. Though there's one of these games i'm going to stay away from strictly because of that situation. Go back to denver I would stay away from that game winner. You taking did i ask you. Are you taking any games. I am taking both the games tonight. I'm taking both the dogs and I got to take the over in the phoenix game. Let's go to twenty two and a half so that that's way too low suds and ox. I'm taking the sons. I'm taking the hawks both with the points. And i'm taking the over of the sons denver game. I'm thinking denver's and come out with a little more offense and the sons are still going to just obviously handle business Zach will get you in a second when nick comes back into. The room appears from seattle. What are you got hammered. Dad don boys as one showed up to the boys played a sixteen parley yesterday. Hit five of the six last one day and they all mixed a lot of your plays so mitt with the nets plus three and a half sweat out one time jazz minus two and a half. was worried at hack finds took plus clippers slush ten and a half and middle. So i'm still alive. Ed boy Compete with the athletic checked in a sense inning. They're losing three one freaked out saw. They won the first five. So it's kind of a attest to the first five play and then the key states with the the night took them over as well so my question is for mitt denver nuggets muddy line I'm already made my money by catering hedge Yourself said son's money. You're you're on the other side. So i'm wondering how much i should struggled fifty fifty. What's your thought I am not really the head. I actually just tipped dipped my toes into this water. Do you love it. I mean i don't really understand it. I'm gonna be honest. Just make sure if you're going to hedge. I think the general thing is make sure whatever way the game ends you make money. That is sure. Yeah i don't know that's sports but oh you got substitutions here. They bring in two guys on boys. Were working hard in the first Hedging especially when the sun's have been so dominant so far. You've had nuggets money line correct. Yeah he said he had nuggets. My life seems like it was in a parliament. All we got fucking di lorenzo coming on. It was because he said he had five six already. If you're doing a sixteen bar that makes hedging a lot easier because you got a lot more money to work with because your winnings will be more. Do you trust your initial thought. But it had a little bit on. Come on lads one fucking goal dude. You can't start a tournament like this zero zero draw. The you can zach michigan turn off. The blender apologized. You boys all right. Oh yeah what's up man Sorry about that work. Hey i just wanted to call. I love you guys. I love you hammer down every game since you guys started. I've been trying to call in gump. What's up nations baby. Let's go game six against tampa plus one hundred game seven hit. They wanted to against the jets series. Hey sweet baby. Let's go plus three thirty. I think it is. I'm gonna take some plus three thirty against the vegas nice to canadian team of destiny. Let's go baby love you boys school zach's wanted to call in fucking hype up. The haves loves the hubs team at. I mean you know you hate to have. I don't really care for him. Yeah we we talked earlier about how you hate to. Have you have an interactive with their fan base ever And if you think like like like janki fans or any of those cowboys fans canadians fans the same way. They won twenty cups fifty years ago. And they'll make you think it was yesterday and.
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"euro" Discussed on Bro Bro Bro Bets
"Hockey last night last night. Let's talk about fucking. Vgk comes home. I mean we said they would they delivered. It wasn't even really close ever really too much of a sweat. They went up as up one. Five seconds in. yeah. But but i'm saying immediately like it looked like it was back and forth and there were a couple of times where they just scored within seconds or minutes of each other. But you felt like vega control the whole time. Flurry made a couple of great saves but they never really looked like out of it or endanger. And i thought the house would give a little more with it being their season online. But they they they look like clicking on all cylinders now and they are big favorites hundred four fifty four fifty right now probably gets five hundred morning. That is the largest semi-final favorite in thirty one years. Jesus that's insane. And i would expect vegas to win now. I don't think it's going to be easy as a lot of people think montreal will give them a couple good games but i do think vegas is going to take that and probably six now that i think about it thirty one years have been tense over somebody in the semis. Could have been. It might have been. I don't know the math doesn't seem right but it might have been the pens. Actually maybe might have been in the pens over the islanders and ninety three one. There's one team those that team was arguably better than the ninety one and ninety two teams won the cup so when we talk like we don't speak in certain these like some people call in and they'll say like it's going to be sweep sixers and five blah adds up to and looked like they potentially could not be beat nets. Were up to a look like they would never gonna lose a game like these. Things had like a mass or up to the clippers clippers. Come back and win. The series winnipeg jets swept grad mints and oil and then got swept montreal. Canadian's sports are weird. Like nothing is you can't speak indefinite s- i think especially in sports betting now last night with the bucks they won but did they look good no i. I don't think they heard a lot of people. Throw in the old gentleman. Sweep out there. Do we think that's employed for the bucks potentially potentially yes. Yeah i think they get to that. Celtics got one the bucks half to get to hardened looked so pissed off watching that game at the end. He's coming back. He's gonna drop forty if several would sit you honest down and be like hey quit taking jump shots. I mean as long as gated elaine. Just give the rock. Bruce brown okay. Can if the nets wanna win. Just give the ball. Bruce brown met bruce. I mean i had a couple. Live bats on brooklyn moneyline last night. I mean bruce brown kuna just pissed the game away anymore. Kyri irving also kyri irving needs to show up in the fourth shot. I mean brooklyn still covered in that ticket cash. But gosh gosh dude. Shit man dragged a wide here. We don't like seeing all cash. The fuck in ball dude. You know who would have thought that. I mean this is very good but you know who would have caught it jisi. Ggv phone all right back to as coming in playoff series bedding whereas while you're looking for that let's talk. The islanders starts on sunday. That games at three pm tampa minus two fifty islanders plus two hundred. Yeah in game. One specifically tampa is minus one. Eighty six islanders plus one fifty six camp at home obviously You get it right now. You get the islanders. Plus one and a half from honest one eighty two. It's not bad it's not bad because you just don't know what you're going to get you assume it will be tight and close because that's the way the islanders played. They played last year in the same round. It was the conference finals last year. It's called the stanley cup semi-final this year because there are no conferences and the lightning one in six and i would assume it's going to be areas or were they don. It was a good series but the islanders. The lightning can play any way. You want like boston really could only play a certain way because they have really one line that perfection line and then that second line like hall and create kind of kind of. Let them down there. They were missing that secondary scoring to rask. Obviously we saw the torn labor him in the hip injury he was hurt tried to play through. That couldn't really play up the his standard and they didn't have backup because there's no lock they had the reliance wayman for that one period so they couldn't make the switch. They don't wanna put him in there. I understand that tampa is very deep very skilled. They're not soft in any way they can play physical. They can fly. They can play any which way you want. So if if the islanders want to try and stifle the neutral zone and clog lanes and play their game tampa's okay plan that way and they can win a game two one as well as they could come out and light up one game six two so i think you're safe hitting tampa game one. If you wanna just if you wanna play it even safer you could look at that. Plus one and a half four the islanders. But that's sunday ripe data sunday at three and then i believe vegas montreal series starts monday night. That's gonna be awesome is watch ya'll letting any more people in since they haven't heard anything. I'd be surprised if they did candidates. Who would i know. It's not his city. Wrote four ford would have found a way to fucking. I mean his brothers another. Doug doug the premier doggy four title. You feel the same about that series. Which islanders in tampa. Yeah i dig tampa sixty minute line first game just because i feel like I i this lightning team man. I mean i really think they're going to run it back dude. I'm not trying to take anything away from the islanders here but now they They ran through tristen. Jari and rask was obviously hurt. Look labor through that series that's the key is arguably the best in the league and he's got a good defensive unit in front of them so it's going to be harder for them to find offense. Tampa is not gonna make the same mistakes that boston. The penguins did. And i hate like you say that and people who backed the islanders. They're not giving us enough credit and we're probably not but same time like tampa's so good dump. He's been saying it for a while. Now they're going back to back. He's banging that drum. I would like to see vegas tampa final just for pure entertainment standards. And i think tampa is the lock to get their That's what the nato wants to obviously. Yeah maybe i mean. With in terms of people in and view but like montreal's a huge market for them so all right so sublime from italy and turkey right. now what's What's the total so under to under one and a half over mice. One twenty undermines one five leave. Nigel talked about potentially playing the Goals first half did he. Not that is No goal meter. What do you say. Every single game except for Netherlands ukraine and royce roy asia. That every other game during a fucking bangor dude nine. Am i think all. I don't know you could parlay. Oh jesus under under minus four ten and puck mancini's got.
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"euro" Discussed on Bro Bro Bro Bets
"Two two three three The only chance that turkey has right now is they're going to have to counter at some point. Get corner set-piece. I assume right and seeing he's got the boys fired up the italians club bets game at all. yeah. I rode with dumpy on this dot. I italy money line on the boost. Grumpy semi the boost. I cannot double dip there. Then i did have a parlay italy money line in minus two and a half. Thank you my soon effort under tuneup. Under two and a half away. All of us on the line and we'll go on crooked mouth. Yo with good digs. Mr gumby mr gates do hayes england still up one hundred zero or yeah so i was going to get an update on the cricket match So test matches two innings of baseball game. The top half of the first inning. England scored three hundred and three runs which is not that is not that bad. Okay but the second day They flipped up in new zealand's. Two hundred and twenty nine runs in only three out They have pan out though not looking. Great i'm going to be on it But we still got three more days. I like to europe on his. And we'll you seem like an honest guy. What was the other you had given us the other night. I gave oakland my. It's one and a half and that wanted think that yeah that came out. Oakland sculptural baseball. Yeah go ahead. It's the new york mets minus one and a half I found this trend on se. Q. l. basically whenever a starter has less than ten hits and walks combining three stars three stars. The favorites are forty. Three and twenty nine to the run line so mine is one and a half newark. Plus one forty at the bet. And we'll do kirk fans kirk fans like baseball and nine other. Not exactly the same thing. But they've got a lot of similarities. Nah not fantasy baseball okay. Good fantasy cricket again baseball. I don't i don't hate you work at animal thinking okay. Hey you have a good night you watch you watch the euros at all. Oh no yeah a little bit. I rode gump parley and you're going to make the world cup or no not nine times doing maybe in fifty years okay. Well hey good luck camel. Thankfully it was nice guy. I miss anything turkeys. Seems to be coming into it. A bit here okay. Callers have been very hot lately. The specs insignias take take some of the ones. I like Reggie jackson came home last night. With a nice one took those pf l. fights and both of them hit fucking shields. I always been against the utah jazz. And there's some fucking stooge who says i've been trashing. The jazz said one bad thing about the nobody. Nobody cares about the jazz saying bad. Tony if i did put in my bed maybe of all time. I took the clippers to win the series. And i hope that fuck. It happens more than anything i've ever wanted to mitch. Mitchell seemed pretty upset last night about his injury. So i don't know how healthy he is going forward. You got if. I am correct me and you actually talked the whole mba season about how the utah jazz were one of the most profitable teams to bet on against the spread. So i think that dude might have been talking out. This is a good segment. This is a betting show. No we don't hate any of your teams we don't we probably don't probably don't care about your team's one way or another. You know what i did yesterday. We we like but we might hate them but it doesn't matter you know what i did yesterday. Tony we'd bet. I bet against the red sox who i love correct because it was a good spot with the astros getting plus a half. The game was tied. The red sox game astros won the first five beautiful day. Tony tony scumbag. You bet against in lands in sorrento right now our turnover in their grades. i mean. roll down to positano. Right north of the maltese coast. And yeah this is betting this isn't it doesn't matter you know you'll get paid fan are that's not how it works so if we go against your team. It's nothing against them. We don't think they're gonna jazz. Good team a good team. All you did not bet the clippers last night. I bet the clippers game one before calling out plus four and actually once of fuck off. The clippers also covered last night. did they are no they. Didn't they say swing now in swing net in come on get it up son all right. Let's go to longer this days. Zeros alpa while i mean oh i mean italy's gonna get a penalty at some point here the way this on you so fashion. He did all that. Italy would most likely one nothing a penalty. Yeah hit it. Grants and the ambitious graham from north carolina. What do you got So i was wondering how about the euro plays that i got for tomorrow right now. Looking like is coming out with the type of ood thought on. Everyone's going to be a little bit ahead of us go ahead continue. Sorry but tamara wales and double chance and then more modest one. The spread and belgium money on thank you graham As we said earlier just so if you are on belgium Two of their best players are out. The bruna is their best player. He's at tomorrow. What do you have got to be. I have belgium money. Line and wales double chance and then i did a Every day i'm just gonna do a parlay with high awed obviously So i'm gonna go. Wales double chance denmark double chance belgium double chance three-game parlay is plus one fourteen on those three tomorrow. Tony so i got. I took that the other day. Wales double chance marto chance belgium double chance plus one or two is what i got him. So you probably had better. Because john belgium's my belgium double chance monte six fifty. Yeah i mean if you wanna bet every game. i feel like. That's the best way to do it. Just 'cause i don't love bedding the spread especially with fan duel because you're going to be a gymnast. Sorry you're not. You're not getting the push. So i'd lean just if you're doing a parlay don't don't shy away from taking draw note or double chance the drano bet that we would take probably just as it's our stubble chance that we would take on. Its own tomorrow's wales. Yeah i'm on wales on its own and belgium. Money line on its own. Was belgium moneyline down to mice. One twenty okay. They still should win that game. Man i know how good debris as they still got guys to win that game. What are we take on the danes. denmark double chance chance because that was minus eleven hundred.
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"That's fine week. He says you're great is weak against the dutch. They our last call. Caleb from seattle fucking. Ufc people coming out of the woodwork. Up kill a day i Forgotten be man. Thought that guy jenness absolutely fucking buried more but anyways camera so i think i think you got to take israel for For for decision. For sure i think And i think also you gotta take him for submission around five. Because i mean it's a fucking zombie. Leon's zebra gone five rounds guy. He's plus money to just win that fight in general isn't he is plus four hundred. Yeah yeah i'll take. I think you gotta take all day. I mean he he. he's he's gone. He's gone the distance too many times. He's he's too through and tested. I think he takes out. Leon fifth round submission. That's big money. Thank you look sir. nate zombie. Look thank you. Callers are gonna be what am l. tonight. Only say goodbye. Nick thank you thank you thank you. I have the giants i five. Yeah i'm on that too. It's very worrisome. Lesson is sure zor really really really good is sure zor. Last seven gone forty nine innings and had sixty six ks and only given up die or said adjusters are really really really has the giants baby. I know it's the giant. This bad. But i wouldn't take plus twenty eight plus a half any as last time out. Six innings four hits two earned. Listen tie ballgame one one. I five fine whatever whatever it takes. Let's get they're not saying this. This is more of a value. Rather than i think it's going happen. Play if that makes it could be a sure. Do i stink or play. I also have hughes houston. Yeah i five plus a half. are you on the other side. No i'm with you on that one. The socks cannot beat the stroz and they certainly with the way had roll bardo. Rodriguez has been going. Yeah i mean. I was very surprised. See the astros plus a half here. Oh and then this is the one where you're on the other side. Yeah yeah hundred percent. I'm taking toronto. Yeah i five with real. Yeah you're taken wise sox plus a half. I mean you're gonna give me plus app with the white sox at home. Rio gave up six earned his last time out kaikal. Last time i have bounceback only one earned for bounceback. Maybe do for another singer. I couldn't turn down the white sox plus also going against the white sox i left. He's here. Yeah which is a bold move. I mean robbie. Ray burned us the other night against them. So you got anything else Athletics i five moneyline frankie montas last two. Ten two-thirds three earned minor gave up five as last time. Oh it hasn't been great this year. I used to love him on the rangers. But so yeah all right. I got the giants. I five plus a half. Houston i five plus a half in toronto. I five money line. You have all. I five giants plus half white sox plus a half astros plus a half athletics. Money la outta here. Uh let's see here here. You might like this one. Mit three about to nope kevin durant plus three and a half combined points rebounds assists vs genus. Yeah they had. They matched up against each other. Lie last game and kevin durant hit. Like i think three in his face and just made him look really dumb. I like that one Kevin durant and kyrie irving combined for sixty five plus points. I did see that. And i don't know if kyrie irving scored that many points like he usually gets like twenty five ish like i don't know this one would be wild rafa to beaten The joker three straight sets three. Oh in the semis. I don't see that that's absurd stone to score a goal nick like that shares sherzer record nine plus strikeouts nationals to win. Maybe i mean we're on maybe after five. Oh shit this. Ufc odds boost thugging below muhammad to win by points more of a knockout guy. It was below mohammed room for points when i'm watching. Pf l. cret ufc grounds. I'm not room for five soon. Rose and scary strike knockout. Soro's noriko tino back tomorrow. The we will have the watch along at nine am. I thought it was a nine. I could've sworn the second half will be ending as we are doing this. Show tomorrow sunny. What i guess the game starts at three. Yeah get forty five minutes. Yeah that's three forty five halftime at four o'clock the whole second half will be on while we're here. We go so have that the works. Have it in here. Yeah we'll have it okay. Lucia fucking probably. See mobely fucking game eighty Kim thank you guys enough. Though is at twelve fifty. I believe have weeks so hammered down all Graham and youtube your friends yes we love you scope. Efl announced say. Tell me tell me love say what. Tell them you love them. We love you. we love you. Those awesome felt good. What mitt to laugh about. What mitt not not not can hurt you laughing. Becker be here tomorrow for the second half of italy in turkey. Come on you better hope dude. Am i wear my jersey. You fucking better. not you can't well. I mean the only way you're allowed to if it's one of the old school capa three-quarter sleeves with the whole guzzo. I can't believe tony. I can't believe you're doing this all right. See you guys tomorrow hammer..
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"euro" Discussed on Bro Bro Bro Bets
"You hit again. What do you do you like anything tonight. One of the things. I really love. Value is honestly is Blake griffin for a double double in the nets to win He was he went for eight team. Points fourteen rebounds and thirty five minutes the first game and then the second game. It was much of a blow out. Only if you only played twenty. Six minutes bestowed rebounds seven points. So you're giving me plus ten sixty on that. I think that's very very juicy. And then some of the first five parlays that You guys are really got me into been awesome dayton. Thank you congratulations. Good karma for paying off the car. I assume that's gonna hit tonight. I'm gonna take it have a great night k. It guys if you could just check out to do another podcast. We'll nobody fixes that. So if you give some love i'd appreciate it. Thank you eighth. And whatever what what was jordan from oregon boy shot out nathan man. That guy's also saturday. Though i got the nascar all star race going on this down there in texas juniors going to win so i don't need to hear anything absolutely. Let's go until you know. No no the boy that you wanna bet on his kyle larson app plus four hundred kids edition this weekend. Last two started first and finished. I last five getting you have to do the door. We don't bet on. Kyle larson here if you want to you do you. Don't tell anybody about k. We will not on this show on talk show fat on your blood money somewhere else pal. Joey from delaware crush me. Yeah okay You do like say winners do winners. So can you tell me with all the research you do. What my what would it make sense to been glands serious the whole you not philadelphia and five and why don't help you don't philadelphia seven with net the finals this year. Oh so you think the sixers going to beat the nets Easily yeah i eventually all what do you want. Are you a sixers fan. Are you a six. This guy sounds like a dead center in doco. Is this guy who attacked me for saying. I didn't like the sixers. Wait did you call it as actively doing that. You call it a patch day and fucking try to spend the sixers everybody no not at all the. Why did i get attacked out of everybody on the show because you picked up. I picked the hawks. I picked the hawks because fucking in beed had torn meniscus. I didn't know was. Superman is going to be fine and play right through it. Injury doesn't normally no not normally in the series is one one so let's not murder be yet. Sixers beating the nets. Listen i don't know about the sixers. Yeah are they good yet. What have they done in the past to make us think that they're gonna fucking not shit the bed they might not just say. That's good on calls. Thank you know. i mean. There's more calls for tyler for missing. When he got my man stole my thunder with the blake griffin. Double double to win. I got another one. Okay with reggie jackson. Fifteen points in the clippers the line. What's what's the those together in. You got sixty to eighty like reggie jackson a putting that in right now clips on that in. Come on. Click afford that right now. Are we got three more calls. And we're gonna do baseball round the diamond diamond. And then his name loveland yacky here. You love land last name. It's better than just being called. Sam nasa come on sound. Hey got utah tonight. i had donovan. Mitchell and forty plus in the jazz just went out right one huge on that in the first game today i like him thirty five plus and utah to win again. I mean everyone's talking about the clippers talking about how quiet superstar stuff really seeing. How donny mitchell. Mitchell to killer. And he's out there to make a point. Your utah goes wild during the playoffs in all. I'd say we're taking in for. There's no way. We're this qui- in paul georgia bumps in the playoffs quite paul george a bum. So i'm locking in thirty five plus and jazz tway. Thank you love land. They thank you also for meeting. The is guy one title. I'm not gonna say Say whatever you're not going to say just say it is everybody's so quick to just jump on everybody trying to sweep everybody like let's be on the haves threes. What now they're not a sweep. I will make wager if you have still get sweat. What are we talking. Whatever you would like if you think perhaps will get swell. I don't honestly think that. But i love i love. That jazz. Might beat the clippers. But i don't see a sweep happening. I also don't see sweep happening but they may win tonight. None of us are rolling. That out less mid has made a you rolling that out now. I'm actually kind of thing and to take the clippers. But i'm not taking the clippers. I'm taking over to twenty and a half. Because i think it's going to be a better offensive game Alex from connecticut. Where you got. Hey boys hey guys doing today doing out. I love the show. Love nigel. but he's not giving your spec to belgium ideas all about france I'm on belgium. I see those e not on Not in connecticut yet. So i'm a. I'm on a mickey mouse Book but i got belgium at plus three hundred to win. All their group stayed watches rich. They're gonna be russia they're gonna beat finland so am i is plus three hundred for them to be denmark which will be a tough game but i like that a lot also i know i know you're on italy with a one. Nothing and but turkey at over half a goal at minus one on nine. That's really good to me. what do you think of that. Thank you alex. Turkey could go on. I'm on italy money line and under three and a half so we could win. Italy could win two one. Have you declared your traitorous intentions and the only the only issue with belgium having to win all three games. If you win your first to third game might not matter. I am on turkey double j. It's i've said. I mean and the during that with fucking coach coming to town hall hard you take that off the turks. They are dc bureau by the way not just saying ukraine's braids by the way..
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"euro" Discussed on Bro Bro Bro Bets
"Guess the bucks are going back home but they dead. I thought the bucks were dead. They are their support booed and who's fucking rallying the troops going in for a fuck and massive open heart surgery tonight. If it doesn't go. Well what are we talking about here. We're getting lost money with this insane. Guide know nothing about the i. C plus money with an insane team the dead team. You know that you bet and long enough. That when there's when when the when their dog yeah. I assume ninety nine percent of the money this is a classic too good to be true scenario and i take them every time well sometimes on it again. Let's go sometimes. Sports like to get a little cute and this might be one of the situations met and you're taking advantage of it. Yeah and what are you thinking about this. Utah clippers game though. I was wondering why the clippers were still at plus three era plus five or whatever it was now there are three three three Well they lost game one. I probably should one game one They had the chance to win. Game one paul. George played like shit. quiet an okay gave his best game. Conley still out. I'm gonna wanna see what they do. Though here in games do because like just like when they played the mavs you little comfortable and you you get comfortable going down two games to none. I'm going to see what goes on to. What were you i would. I would probably take clippers money line if i was taking it just because i feel like they don't want you can't could go down. Oh to back to back series you can't i. I agree will burn you my friend but also the thinking like went bad players have or good players. Have bad games always always gonna bounce back. Not always i. Don't feel that way about paul george i. There's no guarantees. This guy is going to play well at any point. Good fourth quarter but wasn't enough. Yeah in game one. I'm gonna see what happens here. And i mean the jazz as they proved all season long same as the sons very very good teams so we will see Let's get to some phone. Calls here. Riley from nebraska. What do you got you know. What's good hammer. Bond hammered don hubbard So i have some. Mma picks for the usc but also the pf l. tonight the what professional fighting league. It's like a mid tier one is that is that on the sportsbooks have those. I love it though. Yeah yeah yes they do mind. Okay oh i do. I see it right here. Fucking the fuck and professional football fighting right once. I how do you watch this on. Espn two espn plus joel. Who's fighting off all time fucking firearm off who. You got close risk shields. Closer boxer of all home okay. Sorry i didn't hear you don't think britney elkins gonna give her a folk invite you know. Okay well she's i think like a blue belt brown belt. Ju jitsu just. She's kind of out of her league. I hear what so okay. So would par lay it. The co main event klay collared class double see also a better fighter than who use facing all right. We'll take larussa and clay and plug in far light that one and then what else do you got for the for. Ufc hopping on with mike at asahi. Ko but is out of his clash tight so he a little bit better. Odd fight will not go the distance and even money. Okay thank you. Thank you riley. Thank you think that was lincoln riley. Pf l. pf l. first pf l. Call good what's the score on. The england cricket again trying to find new england came out hot. I know up one hundred one hundred fifty four to three. But i feel like we still have four more days. If you're on the line give us a fuck and ring and give us an update dialogue. We need we need a tennis. Update what's happened. How we doing good you good. We're living All right the women's final on saturday morning. Barbara critical taker and take her bag. Okay that's gonna be one of my big ranch Were sitting at six into since calling in. So we're getting into prime form rolling into wimbledon. So it's cash just one. We'll talk next week okay. Let's go corey from florida. What do you got. I got thirty tapes. Personal shutout nikki escape last night with the islanders pitch You know bag so though for tomorrow. Turkey italy immobilisers score anytime plus one fifty five. And then i'm also gonna take the handicapped draw at plus two plus three forty got. Thank you corey. You like this plus two. Yeah italy has two or three one or two. What most likely i. I'm sitting on a italy. One nothing fans of masterclass probably penalty shot. If if i know italy touts obama's one ca two so fucking computer law of the free kick. What do you think about mobile. I i mean like you said i mean. He struggled on the big stage with net the national team. But i mean the time is now. It's his line to lead and he's got to do it so i mean he's not going to miss a penalty if they get a penalty. Oh look who's on. The line are mr seventeen k winter. Nathan from pittsburgh. What's up all. He will shout out way. Hey guys do. Amer died amazon route. Twenty five hundred seventeen k. How'd that feel. Oh my god it's great. I was It was crazy because The last thing i needed was the jazz actually to Take care of business so you light little bit the end you just went the jazz and nights is the crazy part was is like you guys said the other day i. I didn't even know i was watching some some baseball games. And the and the jazz game and my look thirty one and then i realized that they were actually down to nothing. So was there. Was there a cash option at all. Did you see no not at that point. In time at that point it was late in the game. I think so you just open the jazz with choke at the end. What did government did you have the jazz just a win. Or did you have like minus three item minus three pushed stock. I actually had a two player. Performance doubles that and for that ahead donovan. mitchell twenty five plus in to win or plus money. I saw i saw that. What are you gonna buy with your seventeen. Gave already pulled my fiancee car off. So she's pretty happy about that. God.
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"euro" Discussed on Bro Bro Bro Bets
"Good luck niger. Appreciate everything have a good night. Mexico is also have a wreck box. All komo how do you feel everybody's on france. You know what. I mean. I just good. I know it's the same with the brooklyn nets. I just i always. I did it when durant was on the warriors. I just always hold out. Hope that it's going to be somebody else. You know what i mean. I mean it can be absolutely. Hey welcome in. The studio nikki skates on chance thing was done are done. It's been a fun ride for you. i guess what it's just beginning my is done. Hells yeah. unfortunately i do think it's going to be a similar scenario to what we saw last year with a theon bay lightning wagon their way to the cup and do think we're going to see a repeat of that again. They won six last year. Expect them to do it again. Tampa's minus two thirty five to win the series over the aisles. But more importantly tonight we got avs nights. Vgk versus the avs in vgk. We said it before whoever wins game five is going to win. This was vegas no reason not to take me home tonight. Minus one thirty eight t mobile arena loud and rowdy. There's a boost on stone to score is there. I think it's the night. I think it's the night sky tonight. The avs tonight. So i was listening to show. I heard something interesting. Were like if you like if you like boston to win the game last night. don't take them in the game last night series. Yeah like right now if you like avalanche tonight plus one eighteen on the game or you get them in the series. Plus two fifty. Because that's obviously going to drop and but they'd go home for game seven. I don't think they have it. I don't know it just like outside of game. One where they ran up the score and then game five where they had the lead for two periods. Yeah so outside of a game. When two periods it feels like vegas is carried. The play in the entire series. They out shot. Yeah the they've been able to do their speed and the superstars that the avalanche have they been able to find ways to be grew. Bauer not always the prettiest ways but sometimes our patch already had the other and it just lake feels like momentum and everything else say in vegas. They got the home crowd. Now that everyone we've talked about it doesn't matter what the line but does matter. These games mattered throughout the playoffs. You saw what the call him. Crowd did for the islanders last night. Ham nights a suit. Mike's -partment asset. Mike amazon boys. And we've listened night the other night we did. We had an absolute quack overnight. Okay can't win them all. What do you like tonight exactly tonight. like nikki's gates that i like vegas i like the over in tonight's game I like chandler. Steve's into scoring vegas win at plus five hundred Chandler stevenson the score over goals at plus. Three free ninety. Okay hurry mind to choose. Skin at plus half a goal at four sixty and i got a couple. I'm amazed picks for you guys. Are you an intimate guy. A little bit. Yeah when the made the big ones coming out all right. let's hear it. I'll fight night every once in a while. Sonya cayote oh and brown to at nine fifty two crowns. Okay and my brazilian brother. Yeah submission plus seven fifty. Thank you mike mike. Got figuring out plus nvidia submission de vito sonya around to tko. You see vitor. Belfort kid committed. alabama's a quarterback. Oh what did you think about the goals get on say. Who did he say. Blacked out there for strike the to skin to skin. i like. he's a guy who was a big time sniper coming into the league russian kid and he's a little former star in. Maybe that's tough. Because he's like he's like by default vegas number-one center is not tr. True number one center but he's playing up the big boys on the stone or boost. So i'll probably stay away from stevenson. But i could see him playing a big role in a game like this. I don a boost up to seven hundred seventy five twenty five whole stone. I mean he asks the night. Stone goes the night as the nights. Go stone goes there. It is stow-n-go stow-n-go. It does seem as if on since i have become an avs fan again and have been been on them. Mckinnon hasn't done a single damn jobless fucking mini bush. Yeah what am i. A hockey mushed like baseball mush. What's going on here. I dunno if you are. Will you please hammer the abstinent. I haven't been the series because if they win tonight going home and we're winning game seven. Obviously obviously what. I don't know man. I'm past now. I think it's like dumpy. And i've been banging this drum while they haven't really faced any adversity. Oh year and now they've got a team to push back a little bit and can keep up with them and can dictate pace when they're when they're playing and can kinda hand them off in the neutral zone. Not let them ski freely not let them get right to the front of the net and you know. They've struggled a little bit. Golden knights team was battle-tested. Went seven against the wild. You know they were playing games with sixteen skaters because they screwed up their salary cap earlier this year. So they've been through hell and back and they've kind of rode the wave and persisted all the way through. They fell off a little bit the end of the season but they got it going again in the playoffs. Mass got a chip on his shoulder in that first round. I mean struggling in that first round too. I think it was like a nice wakeup call for them. Whereas colorado just steamrolled and maybe the blues blues where at that good potential unfortunately were baked goods. I think that was also kind of just the coin But go avs go. Avs and seven. Plus two fifty. It may have you on the line. I asked you about tonight. So i'd nba love. Tony what are you thinking about tonight's nba. Well i'm not gonna play thing. I'm gonna take either. This might be just a watch night. I'm taking brooklyn. I'm gonna do it. I i watched kevin durant just pick and choose when he wanted to make shots as pretty awesome. So i'm taking brooklyn tonight. Kevin durant over thirty two and a half tunes issue more. It was a it was obviously a brooklyn or nothing tonight. yeah. I don't know how i mean i guess i.
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"euro" Discussed on Bro Bro Bro Bets
"What your dad number one sports betting show that films out of this office. Yes sir. we're all going to claim we're better. They want us but probably the best show. That's only focused on gambling in his office. Disorder will say that confidently because there's no other ones and at least a half mile radius. Probably to maybe. We are in a building that i believe for court shows. I don't know i am on dick. Maybe tahoe that's bubble gum. Pino yes sir. J dynamite dropping. The baby jay. Thank you thank you midst back there. I love tony how you doing good. How are you do really good really good today. What did you think of Last night's nba slight tough tough balance on the overnight hidden. Guy real close. But i dunno utah. Just really good. I guess i don't know denver can't score utah. Didn't play last night. You meant sons as we said yesterday on the show nothing had changed from game one to game two but stayed away for some reason but should've taken this. Yeah just like a sweeps coming. Also faulk in that fucking vicious backcourt. I can't believe the nuggets loss with that back court. They got tony. You're warned about them. I don't know why you didn't listen. I did tell. The caller came who called in went over on ca- pozo and rivers. Watch yourself. johnny compulsive watch yourself Islanders closed out the bees. Yeah nice little night for you on the diamond near sir. Today locks socks i mean that's right saw can't be shows that they're good to multi. Tonight we got vgk in the avs game show game there who says utah or is it nets and bucks. It's both Got a little bit on the diamond and we also have the euro starting tomorrow. We joe one game tomorrow and then three games pretty much every day after that. And you're like what's your us. The euro's is the world cup but for all of the european teams going to do a live watch long tomorrow morning nine. Am okay yeah. That's tidiest on spaces. We'll figure it out. See if we get something a setup for so yeah if if you don't want the euro's is it's probably second biggest soccer tournaments In the in the world absolutely close. I mean concacaf. Nations league is close. It's pretty close. Euro might just nicot barely close after that is probably the mls bubble cup that happened last year. The mls back up. Yeah gonna wanna do live on this channel. Let me know we can get that set for you. Perfect okay interesting. That will do. We can watch in here instead of a tv and here bill we can do it out there to fucking book look at nine. Am italy for the win. What is it nine starts at three more. Is it not nine. I think it's three. It is three just place. My bet i thought it was a nine am store. Let's three the first day. 'cause they wanted prime time in europe. God damn saturday all the rest of the games. All i wanted to really start next friday. We've got opening ceremonies next friday. We definitely doing number three joining us now on the show. A human that we spoke to before in everybody loved him One of the best forty handicappers in the entire world at sealy underscore nigel on twitter at prem sports plays you can subscribe to those as well while back to hammer down niger. Welcome baby is nine. It's coming home nice. Tarp nigel so we will pretty good actually do. It's good. i think it looks really good. Hey i heard you talking this morning. I was just trying to explain to the people. That euros is the second-biggest forty tournament In the world. And what does it mean to the people. The footie fans of your what. I think the one thing about world cup is that the world has a lot of teams want really that good fat little different organizations around the world i agent teams coming in the In across the world coming to the competition in asia in africa read that gusau development teams the already optus fan is. This toilet is full of the appropriate. The very competitive with the best ideas in the world An inex- not you don't any one saudi events you know getting saudi teams at the thing i look at the on. It could be the shortest price. All joe sees minus three hundred that Resident gets aimed modest modest. Three to one outside is full matches. So he's quite a competitive of the of the the plas- go up against it. Obviously everyone wants to win the world cup. The world copies everything you want to beta woke up a bereavement. We haven't won anything so many years fifty one years that will take anything talk of world championship at the world. Stenner drinking jammed you anything because well jackets and we'll take it but some for me. Personally i mean it's it's eight something the way it's a tournament. I have very memories. Hope i'm a very lucky man. I was journalist Show on a betting public in this country and at twenty three the you're gets semifinals and a woman and a whole set of rules thrown us in ukraine in france. And it's the whole of the world of the moment using some climb the bat places. It will be credible stein. only we come and the sun shining lucas. They say hey..
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"euro" Discussed on SRB Media Podcasts
"It's we have such a lack of creativity in midfield and then the soda that you know you think that south guy. I mean i'm a gambler. And but this is not a gamble for south guy is knows if england win win a competition every four six or eight years and you say cobb. I've got recco to fall ahead. He has nothing to follow. I mean anything's going to you. Know i mean it was only for for years ago when think hudson whizzing chopper. Didn't even get out of the group. That's unheard of it in national football. I think it was the first time ever. so you know take a gamble and silo. Let's go out and play and let's get the bowl into the midfield plaza in ukraine for the front right. It's easier toll tokens cheap but is not cheap. When you got prizes can actually do that. And jackson jackson proven when he's gone england show on a rising kind. Jack always wants the bull very much law member token to kenny. He about seo dies an kenney said. Climate was absolute joy. Whenever we were in toy positions allen was always there to receive the ball on the off it. Use the ball and the ball away from difficult areas for defensively. And that's what jack really does. He'll want the ball in those toy areas. It turned away from trouble. And he opens the guy mock. And you're absolutely spot on because when you haven't got them players and what's happened with the england. Recently hurricane comb so deep because he's not being served the ball in areas that he wants that ball served. I was listening to your brilliant. Podcast steve perryman. And steve was on the. I r j engulf instead junie to run away from glenn runaway night the ruins in glenn will fall you when you play with a quarterback like glenn although it don't realize i look at you are but china the game in the other this season. They they need a company and get the ball or that's going to stop his scoring goals. Mike those forward runs and the midfield players will serve you. Fine white served in alexander's all. Although years ago be have that much fun. Yeah i mean it's again a guy in back to harry. Harry harry chinese guy melot any. Oh no easy kinda gone into a into the support rallies as a brilliant brilliant plan. I think he's just improved in time and time and nothing. He shoved a lot of people. the old dan punchy i by the white who believe improved his game and saudi wary what he was doing right and what he was doing wrong and then he started drifting backward because he which is rather like what the germans done with beckham vow when they took him out at midfield and put employment in the back fall because he couldn't be out there they could just rome wrongful. Wouldn't will that. This harry does his game in a different on a different part of failed thinking. Well they they. They can't tie on may the an coming into me and so he's roman dave allowing people to get policy and he's got the brains to actually put them in like sons..
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"euro" Discussed on SRB Media Podcasts
"Your midfield. Today's well the. I think the big question It's like having. I was right nearby. About how greedy. She's i read. Sammy i if you read about martino neil what you said say. It was a very good pace in the. It was a great piece of advice. Ma neil guy. When he was asked from villa manager he said look. You gotta stop game found in your half and going down. He see if you're gonna get fouled and go down you. Make sure it's around their area where we can you know. The teams don't want to defend free cakes and they go go dining dangerous areas. Jack's chinese game and where where he used to do. All these damage different kinds of from i would went up by the time i got to stoke. I'm up my job was as you normally pick. I love you know to to get the ball off the back. Form and supply to so you from players and jack has kind of china for danes. Murphy's change draw from getting into the because because of the lack of caller in the bill. Let's amy's he's at kids at route to louise. Who often is a terrific class and mccain. Does older older older donkey work now. Jack governor wrong now jack. Jack is a perfect Plants gallon robin midfield area. Where and then you have a couple of plaza in If it makes amount you're gonna say sign you you know you've you've got a you've gotta sit down. You re. i mean he can be. I've seen him play some good games. This season mesa mountain. But it's always kind of been against the inferior opposition And that's why that's why you always judge plans on their national. But some date i really would guy with a midfield free who can actually Comfortable in and they have a half on the bowl and can play football. And i'm looking at the names in front of me. And i'm thinking that glamorize will you know he's a plan for western the way they play. feilden five not. I really still come. Mike my mind mind up about but mine gay because of i think he got it all wrong in yada. Got it all wrong in team..
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"euro" Discussed on SRB Media Podcasts
"Am very well and welcome to molly you rose dollar a hour. We're gonna do a few these jeering. The euro's that starts on friday. We done many we to do because we do. I following linda gonna go first of all. Let's look at the squad at squad. Twenty six i can pick Piqued an extra three. Because of the covy tallinn's that would leaving in Twenty five at the moment. Because young. Trent alexander arnold as had to pull out. We're going to be talking about that in a short while but at the twins he folly. That's left pretty much seven. Those pliers a defensive. Mowing deed footballers what should opinion first of all on the squad. Easy to defensive. Well first of all We got to the final. How many matches would that incur. We've got three in the group. The last sixteen then they quote to fall no then the semi fallen than the foreign ups. What he's seven. Yeah yeah. I mean i wonder have. I a lot that they don't really understand why they need that many players twenty-five as listening. Yeah i mean. I i did a cost Last week for the two boys who run this new delilah debates and it was quite and i sent in the house me about the year is on. I said you're going to see very. I've the sign again. The reason why we never reached finals a win competitions. Because the we're going to be very hard to beat with this we'll just south guy would up to be very difficult to beaten out for the best over for dubose. Hope for you know it'll be you know how harry can carry on china But i roy bay a defensive minded you know that's that puts jack in jeopardy again just why i mean you look at The champions league final on one hand you see gowdy out of pickle some any forwards and come on stock and then you then you saying the did the complete opposite way and you wanted to dominate. Now that you've got to try and get the that very which you. And i spoke about so many times. You get the the right blend. You know of When you lose it you'll defend and they have a white ramming when you're in possession you know kind of so simple and we. I know that we're going to go into this competition. And and you know as we do in many competitions we know we we scramble for responsible for but then we have made the best teams. We come unstuck. we certainly do. New roy twenty twenty five twenty six is a big number and what he said. He's made to take players. That are injured or pretty much. That's what we have deduced from. Comments made ball gotta size guy. The two that you referenced dr jordan anderson and them maguire the back to important players for him again. The but you try tally. Two players that haven't been taken the. It's been a luxury that he's been able to take in players. 'cause atoning jesse. Linda ali walk-ins over instance. James ward prowse's you did allude to free kick speed important..