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Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Bloomberg Best
Fresh update on "japan" discussed on Bloomberg Best
"At ml .com slash bullish Merrill a Bank of America company what would you like the power to do investing involves risk Merrill Lynch Pierce veteran Smith incorporated registered broker dealer registered investment advisor number IPC a whole new subsidiary of Bank of America Corp what is dedication my daughter is logical and my son is adopted I love them both so much from the morning when you wake up to putting them to bed at night and every moment in between I think parents job is to protect our children but also prepare them for the world so they become good kind human beings dedication find out more at fatherhood .gov brought to you by the US Department Health of and Human Services and the Ad Council the biggest issues on Wall Street top names in finance and economics welcome now Sheila bear we are joined now by Brian Moynihan the Bloomberg Wall Street week podcast with David Weston the Bank of Japan shook global bond markets the week's top financial stories along with analysis from the business world's most prominent voices there's a reasonable probability of a
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.
Bloomberg Opinion
Fresh "Japan" from Bloomberg Opinion
"Rate for black Americans and just the scope of it. I mean, the homicide rate for black Americans in 2022. And this data isn't totally completely final yet, but I've been checking it for a while and it isn't changing much. And this is all on the CDC's online wonder database that anybody can look into, although it takes a while up to speed on it, which I did sadly early in the pandemic. Anyway, the homicide rate for Americans black last year was about 30 per 100 ,000 people. For everybody else in the country, it was about four and four is still pretty high by the standards of like other rich countries in Europe and East Asia and such. I mean, in Japan, it's just 0 .2 per 100 ,000. But it's, you know, 30 per 100 ,000 is similar to even higher than in places like Brazil, Colombia, Mexico. They're kind of known as being very, violent. very And it's also a lot higher than the rate was before the pandemic and especially around 2015, 2014. Right. And you mentioned when the homicide rate rate goes up, black Americans suffer disproportionately. Yeah. Like when you look at the increase in homicides, especially from 2019 to 2020. I mean, as we said, a little over half of all homicide victims in the U .S. are black. But the increase was about black Americans. So it's clear that, yeah, when there's a wave of violence, it's black Americans who suffer the most. And when that wave recedes, as this one is now doing, you know, down a bit in the CDC data for last year and in crime statistics from New York, Los Angeles, everywhere else, it's down a lot so far this year, too. So at least that news is good. Thank you. Thank you. And you mentioned when the racial definitions have changed recently, you talk about that as more government agencies classify Americans as multiracial. So how does this change things when you were going through the article? I mean, it doesn't change it much. It just makes it a pain because basically from 2018 and earlier, the CDC uses the old racial definitions, which are basically sort of are you mostly black, are you mostly white, whatever. With the 2020 census and they started doing it before then, they're much more open to, no, I'm multiple, I'm lots of things, which I think in a lot of ways is great and very healthy development our for country, but it's a pain when you're trying to look at developments in long run statistics by race. It doesn't make that big a difference on a national level in these numbers. The more recent statistics were for people who identify as black or African American only, but in the census and all the people who identify themselves as more than one race are sort of in this no man's land. It couldn't get great per capita statistics on them. With some of the cities I looked at, it made a difference, but not enough to really change the trajectory in a big way. Yeah, and that's what I want to get to some of those numbers. So the black homicide rates far lower in some parts of the country than in other parts. And you really broke down that 2022 rates for the country's most populous metro areas. So talk about who topped the list, who came out at the bottom. What did you find out? This is among the 30 largest metro areas and the kind of interesting thing with the CDC data is you can basically ask it to give really detailed stuff like how many people were murdered in some small county in Texas in 2013. And for that it won't tell you because it basically won't disclose data if there are fewer than 10 people involved the because idea is that that would make it possible and it doesn't really, with murder doesn't it really matter but with other causes of death it would invade people's privacy. It's really helpful to do big groups. The CDC used to publish a lot of this data by a metropolitan area. You can just click I want everything sorted by metropolitan area. For some reason they don't do that anymore but you can go in and pick all the counties in a metropolitan area and ask it to combine. All of which is a long excuse for why I only did 30 metropolitan areas than rather any more. Anyway, so these 30 biggest metropolitan areas the worst is St. Louis which is a bunch of counties in both Missouri and across the river in Illinois and Baltimore is not far behind. And then the best are basically New York, San Diego and best of all Boston and that's for overall homicide rate. Now did anything surprise about you the results that came out from that? I mean I this kind of started I wrote a piece a year ago looking at CDC data just to it was sort of at the moment when crime in New York is really top of mind and lots of people around the world seemed in the country seem to think New York was just a place dangerous and I looked at homicides it's not bad in New York you throw in accident data and New like York is one of the safest places in the country. So that didn't surprise me but it's still kind of funny to see it down at the bottom here. It's kind of remarkable how low Boston is. I mean it's not that surprising when you think about it but it's like another big step lower than in New York or it's only two per hundred thousand overall and the nationwide for everybody is something like five point seven five point eight so it's a lot lower in Boston. In New York it's three point seven per hundred thousand. St. Louis the overall homicide rate is fifteen point seven per hundred thousand. But then you break it down by race and it's just it's an even gap bigger in some cases. Well I'm glad you mentioned that gap and you also found some some regional patterns to this data too. Yeah I mean the worst places on at least in this 30 biggest metro area list in both the worst places in overall homicide rates are pretty much all kind of rust belt or rust. I guess Baltimore is not officially in the rust belt but it kind of feels like it. And you know St. Louis, Chicago, Philadelphia, Detroit and then Atlanta is pretty high too. When you break it down what you get is really these old St. Louis, Pittsburgh, Philadelphia stand out and then this bizarre newcomer Portland, Oregon which wouldn't have been high on this list at all five years ago but is just awfully high now. It's more dangerous to be black in Portland last year than in Detroit or Baltimore or Chicago. That's crazy. Let's talk about those incidents of police violence that go viral, spark protests. We've seen it. They can tend to be followed increases by local in violent crime so talk more about how this affects those homicide rates. Obviously police violence, I mean sometimes it's inevitable, a lot of times it's not. People have lots of reasons to protest against it and be mad about it and try to fix it. At the same it's, you know, black people killed by police officers, it's around 250 a year as opposed to more than 13 ,000 black victims of homicide overall. And so it's pretty clear that, you know, if the focus is black that lives matter, and it should be, that getting down crime rates is the most important thing and having effective policing, which generally means police departments that aren't abusing their citizens, but at the same time means police departments that are arresting people and fighting crime is really important to save people's lives. Now, Jasmine, I think it's important to note that you did all of this intense, intense research for this story, and you are not black. What motivated you to take this on? I mean, the initial thing is just, I, as mentioned, I got familiar with these CDC databases early in the pandemic and like looking at all the things that were more or less likely to kill you than COVID. And one of the things that starts coming out when you're looking looking at younger people is that, you know, it's mostly not diseases that kill young people. It's accidents, it's suicides, it's homicides. And then you start sorting it by race and especially by gender, like and like it's for black young men, it's homicide is the number one cause of death most of the time. It might not be in 2022 for the awful reason that the opioid epidemic is sort of moved from rural areas where they're mostly white into cities. And so, I mean, that's the initial thing. It's just this is this thing that I don't think it's enough attention. And then I do think it was this frustration with actually the mainstream media coverage of police violence and the Black Lives Matter movement that I just think has underplayed this sort of underlying reality that the biggest threat to young men's black lives is not police. It's violence in their own communities. And police can make that better, can make that worse. But it just feels like the focus of the discussion has been way too much in one place. And I think it's mainly because the mainstream media is full of white journalists like me who feel uncomfortable writing about these things. So I don't know. I mean, I don't have good answers here are good explanations of why this problem persists. But it does seem really important to note that it was much better a few years ago, and it's much better in some cities than inevitable thing. Bloomberg opinion columnist Justin Fox. Coming up, we'll speak with columnist Lisa Jarvis about Moderna and vaccine development. Mhm. Mhm. Mhm.
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.
Bloomberg Businessweek
Fresh update on "japan" discussed on Bloomberg Businessweek
"Even though all these years have passed I Do had that longing to have my diploma at age 30 Carissa finished her high school diploma if you're Even getting considering your high school diploma. You can do it. No one gets a diploma alone If you're thinking of finishing Your high school diploma you have helped find free adult education classes near you at finish your diploma org. That's finish your diploma org brought to you by the Dollar General Literacy Foundation and the Ad Council the biggest issues On Wall Street the top names in finance and economics welcome now Sheila bear we are joined now by Brian Bloomberg Moynihan the Wall Street week podcast with David Weston the Bank of Japan shook global bond markets Tough financial stories along with analysis from the business world's most prominent voices. There's a reasonable Ability of a soft landing Bloomberg Wall Street week subscribe today on Apple Spotify and everywhere Get your podcasts Bloomberg context changes everything news when you want it get latest the headlines with Bloomberg News now Apple taking the wraps off its latest smartphone former President Trump has taken Another setback legal the top stories from Bloomberg's global team of reporters at the click of a button US officials pushing to help you pray if the latest news when you want it with Bloomberg News
The Bitboy Crypto Podcast
A highlight from MAJOR Mt. Gox Update! (Bitcoin Sell Date Delayed)
"Let's discover some crypto news today. September 21st, it's 1130 AM because we always start on time here, and we got Drew and AJ on the ones and twos. How are you two doing? I'm doing great. Nice white tee, DZ. Nice white tee. Yeah, thank you. Well, I got the V. You got the regular, right? Yeah, you got the regular. Alright, so tomorrow, I'm going to have a deeper V, okay? We were just talking before the show. I want such a deep V that Salt Bae would be embarrassed. He would turn beet red from wearing the deep V, so maybe we have to get it that cut. Drew, your wife actually makes clothing. Will she make a custom deep V for you so we can match? This is absolutely going to happen. Top D with the deep V. Yours has to be in camo. Alright, guys, we're going to talk about Jerome Powell, some of the remarks after. They didn't change the rate hikes, what they mean. Also, we got Bitcoin at Mt. Gox has been moved. What's going on with that? When are these coins going to hit the market? When is this Mt. Gox Bitcoin going to hit the market? Is it going to dump Bitcoin's prices? Is it going down 10K, 1K? So we're going to talk about that as well. We got to talk about Maxine Waters and X potentially turn into a payments platform. Linda Yaccarino, the CEO, tweeted out something last night. We're going to look at that as well. And we got some XRP news. It's going to be a great episode, so please hit that like button, everybody. Are you all feeling good? Are we feeling red? You know, the market's down, but I still feel pretty good. You feeling good? I'm feeling good. Alright. Let's go to blue. Alright, alright. We're also going to have charts with Kelly at the end, too, so it's towards the beginning. Alright, well, let's talk about Fed Chairman Jerome Powell. He spoke at a critical press conference after the interest rates decision. Here are the details. We're just going to break down some of the key takeaways. As expected, they did not increase the interest rate, kept it constant between 5 .25 and 5 .5. And here are the important excerpts from Powell's statement, everybody. We cannot have strong employment market without price stability, so we got to get the price stability in line. Consumer spending is quite strong still. Rebalancing in the labor market is expected to continue. We keep scrolling here. There's a long road ahead for reducing inflation to 2%. And the fact that we decided to keep the policy rate constant does not mean that we reach the policy stance we wanted or not, so they're still leaving themselves open for an interest rate hike. A lot of people think there is going to be an interest rate hike, not the next one, maybe the one after that, maybe in the beginning of the year. And last but not least, we're pretty close to where we need to be. I wouldn't attach greater importance to an interest rate increase. So they're trying to minimize any market impact. I wouldn't attach greater importance to an interest rate increase. I wouldn't care that much if we increase rates. Does that signal that they are going to increase maybe one or two pauses from now? I think that's signaling a strong maybe with a capital M. Yeah, I think a big takeaway from this is where it says the full effects of the Fed's tightening have yet to be felt. And that is definitely the sentiment here. Like this isn't the first time we paused on the interest hikes and the markets have fallen. You know, the past two days on the live stream, everything's going up. Everyone's saying, oh, the price is going up. I'm sitting here saying, I think this is a bull trap. I think the price is coming down because I was looking at the stock market charts, looking at the DXY charts, DXY still going up because of the previous interest hikes coming into play, stock market coming down. But crypto is pumping. I'm thinking to myself, oh, this isn't this isn't going to hold up at all. We're going to come back down the reality. And that has started to happen today. So there you go. Right. All right. Well, let's talk about Japan's economy as well. Japan's economy on the brink as the end stumbles to 148 year low bond yields. So that's a decade or almost 15 decades right there. As Japan contends with depreciating in and rising 10 year bonds, its economy stands at a unique crossroads. The yen's fall to a nearly 150 year to date low against the U .S. dollar brings with it a mixed bag of economic implications. I'm surprised they had the yen that long, you know, throughout all the world wars and everything. Yeah, true. Yeah, yeah. I mean, that's I mean, but still 150 year low, 150. The Bank of Japan now faces the intricate task of maintaining currency stability and keeping yields low amidst a high public debt environment. Complicating the test further is the yen dollar carry trade, which could intensify the pressure on the yen as the interest rate difference between Japan and the U .S. widens. So we're going to be keeping an eye out on that. We did lose the Internet, but it looks like we got it back. All right, Russia. Let's talk about Russia here. Let's rush into this next area. Russian Central Bank replenishes gold reserves to 2023 highs amid economic sanctions, according to a report by Kitco. That's where I use all my silver pricing data. Data from the IMF's international financial statistics reveals that Russia's central bank increased its gold reserves in August, apparently returned to the initial levels at the start of the year. Twenty three hundred tons. It was later confirmed by the World Gold Council. That just sounds like a shadowy group right there. The World Gold Council sounds like a bunch of bond villains. Kitco also reports that Russia is bolstering its reserves to mitigate the impact of Western economic sanctions, particularly those related to its invasion of Ukraine in February. Often we see Ray Dalio made this big, bold prediction as we see an empire on the decline. Debt is relative. And so, yeah, America's debt's terrible, but Japan's is worse. China's is worse. You know, everyone else is worse. So a lot of people use that data point, say America's debt can just get as bad as it wants to be, as long as it's not that bad relative to the rest of the globe. We're in no worry whatsoever. The other side of that coin would be, well, people will eventually stop buying debt and what are they going to start buying? They're going to buy gold, maybe some digital gold as well. So I'm expecting gold to go up. But silver silver price still lags gold. Have you ever done a deep dive on gold versus silver? I wonder if people even want that. Just would you want gold, silver data or you just want only crypto? I remember like a year ago, we were talking about doing a video that was I think we did a video that was like Bitcoin compared to gold and then Bitcoin compared to silver and then silver compared to gold. And it was it wasn't the most interesting video, in my opinion.
The Clay Travis and Buck Sexton Show
Fresh update on "japan" discussed on The Clay Travis and Buck Sexton Show
"I mean there's specifics for each nation, but let's just generally speaking, if you're from a South American country, it doesn't matter which one, you can try to, and you have no tie into America, no family here already, try you can to go through the legal immigration process and it will take you years and you may be unsuccessful, you can do what you're talking about, or you just get into America. And under the Biden administration, there is no notion of punishment or there's nothing punitive about entering the country illegally now. You will be not detained, you will not be told that you've broken the law really, not in any meaningful way, and in fact you'll be transported somewhere, given free food, free healthcare, and then you'll have politicians in America demanding you be given work permits so then you can compete with, particularly those at the lower end of the wage scale in this country, even though you're in the country illegally. It is appalling what is going on. It is contrary where we're told all the statutes and the law and you have to pay such attention to the law when it comes to like taxes for example. On immigration, this stuff is being abused left and right all the time. There's constant intentional malfeasance and you brought up the system that people have set up to get here. It's big big business for the cartels now. Some are even saying if you add it all up it gets to be close even to more than what they make selling fentanyl. Right? And you know, fentanyl obviously... When you say traversing that cartel of the border, to put it in context, is a bigger business than any pro sport. There is more revenue being done. This is not talking about drugs. On the illegal crossing of the border, the cartels make more money than the NFL teams do combined. Think about it. As big as you know NFL football is the cartel business get to people illegally into the country is a bigger business than the NFL is. And over the weekend there were videos circulating online, different news sites picking them up. Fox News had this, Daily Mail had this, of freight trains coming up from Mexico and they are absolutely overflowing with with single adult males, I should note, not with families in these videos, single adult males who are on their to way the US Mexico border to come into the country illegally. So the visualization of a, think of, you know, some of you've probably been stuck at a railroad crossing and a freight train, you know, those freight trains could just, they're like a long mile and this thing just go forever. Imagine a freight train where in every single car there are, I mean I'm looking at the photos right now, you know, you're talking about, you know, 20 people, 30 people in every car and that's just one train. Yeah and they're all just getting ready to get into the country, our country, illegally. The Biden administration only is working to make this easier and more comfortable for them. They're not trying to stop it. Yeah and the other thing we should add on the incentive structure, jobs is one. If you come here and you have, because this article about the Darien Gap, there are women who are pregnant that decide they are to going do whatever it takes to get to the United States and have that baby. Your kid isn't a citizen and you will never be kicked out. So again, incentive structures matter and I want everybody out there to pretend that you are in Venezuela. You are a part of the broken socialist system of Maduro. There's probably a decent chance that you have family or friends who live in the United States now. Buck, they may now live near you. South Florida has a huge Venezuelan population. A ton of Venezuelan migrants here, yeah. And if you knew that you had family living in the United States, this land of milk and honey, and all that it took was you getting to the southern border and getting into the United States, and that your child would then become a citizen of the United States, wouldn't you do everything in your power to get here? I would. gonna I'm just be honest with you, if I were Venezuelan and I had friends and family living in the South Florida area, living anywhere, or frankly in the United States, and I was talking to them on the phone and they were saying, you know, I'm making 40x what I was making, and my wife or girlfriend just had a baby, and I've now got an American citizen son or daughter, this is a no -brainer, and this is why, Buck, I think there needs to be a serious conversation. We have to have this conversation. Birthright citizenship. Trump said he was going to end it in his first term. He said he was going to end it in his first term. He says he will end it in his term. He did not end it in his first term. Okay. But I hear hardly anybody talking about it. To me, with this debate coming up on September 27th, I think this is a, and again, a lot of don't people want to even think about this, the argument for birthright citizenship, I'm not talking about if you are a citizen and you're serving overseas in Korea or you're serving overseas in Germany. Your kids should certainly be citizens, right? But that is what the law says. Subject to the jurisdiction thereof, meaning you are a US subject abroad. You are not somebody who is a foreigner who comes here. The birthright citizenship - No, it doesn't exist hardly anywhere in the world. You can't go to Japan or China and have a baby there and then have dual citizenship because you're an American, they're also a Japanese. The legacy of this, and I researched it and wrote it about a lot in my book, Buck, this is a colonial legacy. The idea was back in the day, if you're willing to go to Brazil and live in a colony, or you're willing to come to the United States, your kids would be British subjects because they didn't want to give up their ability to be connected to the homeland. plan. That's why only two, I think, of the G7, America and Canada, They have, actually by soil, citizenship. If you're born there, you become a citizen. Well, you can just think this through. If you're an are Americans serving in, let's say, Germany, or you're an American serviceman or something, your wife gets pregnant, you have a kid there, guess what? That kid's an American. This is very straightforward. Otherwise, you're going to have a whole problem with people. That kid is not Korean or that kid is not Yeah, and so you apply that same logic to what happens in this country, and you can see how the whole premise is wrong. The premise that you could have a foreign national not with the legal permission to be in the United States who gives birth here, and then that person is defined as an American for the purposes of law, that's wrong. And you know it's wrong, especially when you see the way that these birth hotels are set up because they've actually prosecuted people for this. In California specifically, particularly Asian and Chinese individuals will pay to come here, to have their baby here, to go back to China, and then 18 years later their kid is a US citizen and wants to go to Berkeley and is a US citizen for all intents and purposes. That's actually illegal, you're not allowed to do that. There's a reason why that's illegal. But the the system here, the more people that get piled into the system who are illegal, the greater the weight to just do exactly what the Democrats want, which is a mass amnesty, which will forever change the American electorate. That's the plan. And people who say, they won't be given voting rights? Sure, they won't. This is like, go back, even Reena Reagan, was it an 86? I think Reagan went along with an amnesty. He did. And it was one of his big regrets, he would say later on in life, because the amnesty happened, but all the border security, that didn't happen. Yeah. And also, by the way, what we do know happened, Buck, is all these kids that are here are citizens and they'll be able to vote. So that's millions. Of course. Without even having to worry about the political party that says that your parents should be made citizens tomorrow, and another political party that's kind of sort of sometimes saying, hey, maybe we shouldn't reward this process of coming to the country illegally. I think we all know who, you know, they're more likely to vote for. And that's the way that these decisions are being made. Start earning high yield returns in a low yield market by investing in the Phoenix Capital Group's corporate bonds.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Relief in Bitcoin Pressure, Stablecoin Concerns, and South Korea's Offshore Holdings
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 21st, 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 Substat. On today's show, we're talking about some relief in potential Bitcoin selling pressure, renewed concerns about crypto's largest stablecoin, and South Korean offshore crypto holdings. 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. Assets around the world reacted with surprise yesterday at the FOMC statement that left U .S. rates unchanged, but that also loudly signaled that U .S. rates will remain higher for longer. Among the more surprising moves was the lifting of the FOMC projection for the Fed funds rate at the end of 2024. This has moved up to 5 .1 % from 4 .6%, effectively taking two rate cuts off the trading at $26 ,415, according to CoinDesk indices. Ether was down 3 .3%, trading at $1 ,577. Despite declining correlations, macro sentiment still weighs heavily on crypto markets. Higher rates weaken the short -term investment case by reducing overall monetary liquidity. This especially hurts long duration, high volatility assets. A stronger dollar further impacts the crypto market by pushing up the denominator of the most often traded pair, which is Bitcoin in U .S. dollar terms. And low -risk yields of over 5%, such as those available in some U .S. treasuries and money market funds, are likely to incentivize a preference for safer assets. In traditional markets, U .S. stocks and bonds moved to a higher -for -longer stance. The S &P 500 closed down 0 .9 % yesterday and looks weak in trading today. It is currently down a further 1 % from yesterday's close. The Nasdaq is faring somewhat worse, down 1 .4%, while the Dow Jones is down 0 .6%. Bond yields shot up yesterday in reaction to the FOMC messaging, with both the two -year and ten -year Treasury yields reaching their highest levels since 2006 and 2007, respectively. After falling in sympathy with their U .S. cousins at the open today, U .K. stocks have largely been recovering this morning, with the FTSE 100 up almost 0 .5 % from the open. Investors appear to be encouraged by the Bank of England's decision to cause rate hikes for the first time in nearly two years, despite inflation at 6 .7%. Concern about the state of the U .K. economy no doubt weighed on that decision. Last week, we saw U .K. GDP and industrial production data amid notably worse than expected. And while inflation is still a serious problem, it seems to be heading in the right direction. European stocks have unfortunately not had a similar boost. Both the DAX and the EuroStock 600 are down over 1 .1 % on the day. In Asia, Japan's Nikkei index followed Wall Street down, dropping 1 .4%. The Bank of Japan announces its decision on rates tomorrow, but consensus forecasts are signaling no change. China stocks were also weak. The Shanghai Composite fell by almost 0 .8%, while the Hang Seng fell almost 1 .3%. In commodities, the Brent crude benchmark slid earlier this morning, as concerns about global economic growth weakened the demand outlook. At one stage, the price had dropped to below $93 per barrel. It has since rebounded, and is currently just above $94. Gold took on board the climb in the U .S. dollar by retreating off its multi -week highs. Earlier today, it was trading at around $1 ,925 per ounce. Stay tuned. After the break, we'll take a look at Bitcoin's sellering pressure, weather concern again, and offshore crypto holdings.
News, Traffic and Weather
Fresh update on "japan" discussed on News, Traffic and Weather
"Great financial future Tom and real you are invited to do so with us talk excuse me talk real money there a little frog 8 5 5 9 3 5 talk is our phone number 8 5 5 5 9 3 5 82 55 I'm done that's Tom and waiting on the phone is array welcome to the show hey Ray I mean you're right you'll be ready today I'll be done hey could be a ray of sunshine hey no no now listen I'm in Lacey and I have a reason for being a little bit shook up but I'll explain that later hey listen I've been listening to you guys for at least 15 years if not longer but what I want to tell you is that Don made a comment earlier about the markets during the Second World War and I had to look this up a two months ago that the Dow actually doubled from I know from Pearl Harbor until the Japanese surrender it actually doubled the Dow did from I think it was 90 to 180 or whatever but I don't know my point was my point was raised my point was that were there a lot of people when the war started but and given the devastation of Europe and Europe our Europe in Japan and the Far East that there was a great deal of concern that it would there would be a long -term negative impact on the global economy but because the United States was able to we rebuild yeah yeah I'm 82 I I will be 82 in April so I was here in April of a 42 but I've been a trader I've been market now since 62 so I'm I'm a long -term trader but listen to this I've been buying a lot figure of I've been holding a lot of things that you guys have been recommending all these years the Vanguard various funds and the the Avantis is it Avantis Avantis yes Avantis no no and I love them I love them dearly but listen to this one now as of March of 19 or 2022 I had thousand positions in my portfolio and the day I hit a thousand an it was ego thing and the day I hit a thousand I started selling and I'm down as a Friday to 80 positions so that was a problem you're giving me hives man wait I've got a thousand individual position he had a thousand positions over the last 60 years yeah now I tell my children there's nothing to trading I I how know you guys feel about city but there's nothing to it if you have 60 years experience haha, or am I right or wrong, but Don before I forget I want to just mention this and I I don't know if Tom will agree with me or not but there are times I'm of the opinion that there are times when you're just a tad bit hard on poor Tom I don't know it's just payback for the rest of the week hey you guys hey hey you guys I love you guys dearly and I say I've been listening for a long time maybe even close 20 to years I don't know when you actually started but 1988 well okay I've been with my wife for 61 years and my wife passed away are you I your wife don't know no no she gave me the courage encouraged to call you guys because I've been listening for years I haven't called but now since I'm on my own I guess being a bachelor new or I don't know if that's be a widower I guess now you're a widow yeah don't I I okay I told my veteran buddies I says hey next time you guys get together get me an for your veteran widower club he says Ray he hugged me he says Ray you don't need an application you paid your dues you're eligible Ray so well anyone anyone with a thousand positions at any given time has paid their dues and we appreciate you Ray thanks so much for being out there and for listening for decades okay and I did I did my first trade in 62 I remember it well so I know that market and hey like like Warren Buffett don't be afraid of it just to have confidence in this country of ours well okay you have confidence in the country but we are going to disagree with you vehemently respectfully respectfully on trading we don't want anyone to follow in your footsteps no offense thank you so much ray we appreciate you eight five five nine three five talk is our phone numbers call the week maybe I don't know trading yeah I mean this is although although in all fairness to ray in 1962 that's all there were there were a handful of mutual funds and they weren't very good no um and there was the mentality was all trading because the industry was dominated by the croupiers of wall street the stockbrokers whose job it was to encourage you to buy sell and and buy and sell because without you buying and selling all the time without that money moving they didn't make a living and yeah and by the way by the way that that's led to this movie that we'll talk about here at some point tune out the noise with Earl Morris because that's the whole thing this growth of this movement that really kind of started at the university of chicago you know because that's where basic you know david booth index the fund all you we'd argue about who started what but that's kind of where it all started and people said you don't need to trade you need to be the market and not trade yeah david booth at uh wells fargo and Jack Bogle jack kind of started this whole thing very close together and of course it was also considered i bet this is in the movie on
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Relief in Bitcoin Pressure, Stablecoin Concerns, and South Korea's Offshore Holdings
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 21st, 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 Substat. On today's show, we're talking about some relief in potential Bitcoin selling pressure, renewed concerns about crypto's largest stablecoin, and South Korean offshore crypto holdings. 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. Assets around the world reacted with surprise yesterday at the FOMC statement that left U .S. rates unchanged, but that also loudly signaled that U .S. rates will remain higher for longer. Among the more surprising moves was the lifting of the FOMC projection for the Fed funds rate at the end of 2024. This has moved up to 5 .1 % from 4 .6%, effectively taking two rate cuts off the trading at $26 ,415, according to CoinDesk indices. Ether was down 3 .3%, trading at $1 ,577. Despite declining correlations, macro sentiment still weighs heavily on crypto markets. Higher rates weaken the short -term investment case by reducing overall monetary liquidity. This especially hurts long duration, high volatility assets. A stronger dollar further impacts the crypto market by pushing up the denominator of the most often traded pair, which is Bitcoin in U .S. dollar terms. And low -risk yields of over 5%, such as those available in some U .S. treasuries and money market funds, are likely to incentivize a preference for safer assets. In traditional markets, U .S. stocks and bonds moved to a higher -for -longer stance. The S &P 500 closed down 0 .9 % yesterday and looks weak in trading today. It is currently down a further 1 % from yesterday's close. The Nasdaq is faring somewhat worse, down 1 .4%, while the Dow Jones is down 0 .6%. Bond yields shot up yesterday in reaction to the FOMC messaging, with both the two -year and ten -year Treasury yields reaching their highest levels since 2006 and 2007, respectively. After falling in sympathy with their U .S. cousins at the open today, U .K. stocks have largely been recovering this morning, with the FTSE 100 up almost 0 .5 % from the open. Investors appear to be encouraged by the Bank of England's decision to cause rate hikes for the first time in nearly two years, despite inflation at 6 .7%. Concern about the state of the U .K. economy no doubt weighed on that decision. Last week, we saw U .K. GDP and industrial production data amid notably worse than expected. And while inflation is still a serious problem, it seems to be heading in the right direction. European stocks have unfortunately not had a similar boost. Both the DAX and the EuroStock 600 are down over 1 .1 % on the day. In Asia, Japan's Nikkei index followed Wall Street down, dropping 1 .4%. The Bank of Japan announces its decision on rates tomorrow, but consensus forecasts are signaling no change. China stocks were also weak. The Shanghai Composite fell by almost 0 .8%, while the Hang Seng fell almost 1 .3%. In commodities, the Brent crude benchmark slid earlier this morning, as concerns about global economic growth weakened the demand outlook. At one stage, the price had dropped to below $93 per barrel. It has since rebounded, and is currently just above $94. Gold took on board the climb in the U .S. dollar by retreating off its multi -week highs. Earlier today, it was trading at around $1 ,925 per ounce. Stay tuned. After the break, we'll take a look at Bitcoin's sellering pressure, weather concern again, and offshore crypto holdings.
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.
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.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Hints of Green Shoots After the Crypto Winter With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 19th, 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 hints of green shoots after the crypto winter, going by recent announcements of crypto funds. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto volatility certainly does seem to be coming back, judging from price moves over the past 24 hours. Yesterday, we talked about how prices were rising. Well, around about midday Eastern time yesterday after we recorded, they fell sharply, with Bitcoin dropping almost 1 .7 % in half an hour. Early today, they rapidly climbed, with Bitcoin again breaking through $27 ,000. Then there was another sharp drop and another climb. And well, you get the picture. At 10 a .m. Eastern time today, Bitcoin was trading at $26 ,975, down just over 1 % over the past 24 hours. Ether was trading at $1 ,638, down 1 .2%. Bitcoin does seem to be leading the market here. Last week, I talked about Bitcoin dominance, which is Bitcoin's percentage of the total crypto market cap. Another metric worth following to gauge market sentiment is the ratio of Bitcoin and Ether prices. Simply, Bitcoin's price divided by Ether's price. When it is rising, Bitcoin is outperforming. And when it is falling, Ether is outperforming. Over the past month, this ratio has risen by more than 6%. In traditional markets, investors around the world are braced for a slew of central bank rates decisions this week. The announcements kick off with the U .S. Federal Reserve's decision tomorrow. And throughout the week, we will get announcements from 10 more, concluding with Japan on Friday. In the U .S., as we mentioned yesterday, expectations are for a pause. Tomorrow, we also get updated economic projections in which we could see the FOMC Committee signal even higher interest rate expectations and a pushing out on the calendar of rate cuts. The inflation data we saw last week showed that core inflation is still, at 4 .3 % year -on -year, more than double the Fed's target of 2%. And headline inflation for August showed a higher -than -expected uptick while the latest jobless claims continue to show employment strength. There is little reason for the Federal Reserve to even hint that rate cuts might be coming soon. Concerns about some tough language from the Fed tomorrow, as well as the impact of rising oil, have pushed U .S. stock indices lower in trading so far today, with the S &P 500 down almost 0 .4%, the Nasdaq down almost 0 .7%, and the Dow Jones down almost 0 .3%. Over in Europe, the FTSE 100 is up slightly, as traders await a U .K. inflation print tomorrow. This is expected to show an uptick to back above 7 % year -on -year, a figure which could influence the Bank of England's rates decision on Thursday. Eurozone indices also appear to be in a wait -and -see mode, with the German DAX down less than 0 .2 % and the Euro Stoxx 600 flat in trading so far today. In Asia, Japan was down almost 0 .9%, as investors sold chip stocks after Taiwan's TSNC, the world's largest chip manufacturer, signaled slowing demand. In China, the Shanghai Composite was more or less flat today, as traders await a decision from the central bank on the benchmark loan prime rate. At the monthly fixing tomorrow, the central bank is expected to leave the rate unchanged, as economic stabilization and a weakening yuan are easing the pressure to relax monetary policy. The Hang Seng index was feeling more buoyant today, rising almost 0 .4%. The relief may be the result of good debt restructuring news from the troubled Chinese real estate sector. In commodities, the Brent crude benchmark continues its climb, almost reaching $96 per barrel earlier this morning. It has since retraced, but is still up over 1 % over the past 24 hours, currently trading at around $95 .40 per barrel. The rise continues to be driven more by supply constraints than by strong demand. On top of the production cuts from Saudi Arabia and Russia, we now have lower production likely in the US. Yesterday, the US Energy Information Administration said that output from the top US shale -producing regions is on track to fall for the third consecutive month in October to its lowest level since May. Gold continued to inch higher, up over 0 .6 % to trade at $1 ,935 per ounce. Stay tuned. After the break, we'll take a look at hints of a new season for crypto funds. 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. After a long, empty crypto winter, it looks like activity in crypto funds is finally picking up. Yesterday, Coindesk reported that blockchain capital has raised $580 million for two new crypto funds, one for early -stage companies and protocols, and another for late -stage investments from Series B onward. This is notable, given that most of blockchain capital's investors are traditional institutions such as university endowments, private foundations, financial institutions, sovereign wealth funds and US pension plans. While they may not be ready to buy crypto assets directly, institutions are investing in the industry. Also this morning, we heard that the digital assets subsidiary of Nomura, Japan's largest investment bank and brokerage group, is launching an investment vehicle for institutions called the Bitcoin Adoption Fund. The fund offers long -only exposure to Bitcoin, with custody handled by Comainu, which was founded in 2018 by Nomura in partnership with crypto companies Ledger and CoinShares. Those aren't the only significant signs of increased activity we've had over the past week. We also heard that Electric Capital is aiming to raise $300 million for a new fund, Cassie Kornbank, the largest traditional bank in Thailand, has created a $100 million fund to invest in Web3 and AI startups, crypto platform BitGet has established a $100 million fund to invest in the trading ecosystem, and investment firm Reverie has launched a $20 million crypto venture fund. All this over the past seven days. Green shoots, maybe? 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 Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Hints of Green Shoots After the Crypto Winter With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 19th, 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 hints of green shoots after the crypto winter, going by recent announcements of crypto funds. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto volatility certainly does seem to be coming back, judging from price moves over the past 24 hours. Yesterday, we talked about how prices were rising. Well, around about midday Eastern time yesterday after we recorded, they fell sharply, with Bitcoin dropping almost 1 .7 % in half an hour. Early today, they rapidly climbed, with Bitcoin again breaking through $27 ,000. Then there was another sharp drop and another climb. And well, you get the picture. At 10 a .m. Eastern time today, Bitcoin was trading at $26 ,975, down just over 1 % over the past 24 hours. Ether was trading at $1 ,638, down 1 .2%. Bitcoin does seem to be leading the market here. Last week, I talked about Bitcoin dominance, which is Bitcoin's percentage of the total crypto market cap. Another metric worth following to gauge market sentiment is the ratio of Bitcoin and Ether prices. Simply, Bitcoin's price divided by Ether's price. When it is rising, Bitcoin is outperforming. And when it is falling, Ether is outperforming. Over the past month, this ratio has risen by more than 6%. In traditional markets, investors around the world are braced for a slew of central bank rates decisions this week. The announcements kick off with the U .S. Federal Reserve's decision tomorrow. And throughout the week, we will get announcements from 10 more, concluding with Japan on Friday. In the U .S., as we mentioned yesterday, expectations are for a pause. Tomorrow, we also get updated economic projections in which we could see the FOMC Committee signal even higher interest rate expectations and a pushing out on the calendar of rate cuts. The inflation data we saw last week showed that core inflation is still, at 4 .3 % year -on -year, more than double the Fed's target of 2%. And headline inflation for August showed a higher -than -expected uptick while the latest jobless claims continue to show employment strength. There is little reason for the Federal Reserve to even hint that rate cuts might be coming soon. Concerns about some tough language from the Fed tomorrow, as well as the impact of rising oil, have pushed U .S. stock indices lower in trading so far today, with the S &P 500 down almost 0 .4%, the Nasdaq down almost 0 .7%, and the Dow Jones down almost 0 .3%. Over in Europe, the FTSE 100 is up slightly, as traders await a U .K. inflation print tomorrow. This is expected to show an uptick to back above 7 % year -on -year, a figure which could influence the Bank of England's rates decision on Thursday. Eurozone indices also appear to be in a wait -and -see mode, with the German DAX down less than 0 .2 % and the Euro Stoxx 600 flat in trading so far today. In Asia, Japan was down almost 0 .9%, as investors sold chip stocks after Taiwan's TSNC, the world's largest chip manufacturer, signaled slowing demand. In China, the Shanghai Composite was more or less flat today, as traders await a decision from the central bank on the benchmark loan prime rate. At the monthly fixing tomorrow, the central bank is expected to leave the rate unchanged, as economic stabilization and a weakening yuan are easing the pressure to relax monetary policy. The Hang Seng index was feeling more buoyant today, rising almost 0 .4%. The relief may be the result of good debt restructuring news from the troubled Chinese real estate sector. In commodities, the Brent crude benchmark continues its climb, almost reaching $96 per barrel earlier this morning. It has since retraced, but is still up over 1 % over the past 24 hours, currently trading at around $95 .40 per barrel. The rise continues to be driven more by supply constraints than by strong demand. On top of the production cuts from Saudi Arabia and Russia, we now have lower production likely in the US. Yesterday, the US Energy Information Administration said that output from the top US shale -producing regions is on track to fall for the third consecutive month in October to its lowest level since May. Gold continued to inch higher, up over 0 .6 % to trade at $1 ,935 per ounce. Stay tuned. After the break, we'll take a look at hints of a new season for crypto funds. 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. After a long, empty crypto winter, it looks like activity in crypto funds is finally picking up. Yesterday, Coindesk reported that blockchain capital has raised $580 million for two new crypto funds, one for early -stage companies and protocols, and another for late -stage investments from Series B onward. This is notable, given that most of blockchain capital's investors are traditional institutions such as university endowments, private foundations, financial institutions, sovereign wealth funds and US pension plans. While they may not be ready to buy crypto assets directly, institutions are investing in the industry. Also this morning, we heard that the digital assets subsidiary of Nomura, Japan's largest investment bank and brokerage group, is launching an investment vehicle for institutions called the Bitcoin Adoption Fund. The fund offers long -only exposure to Bitcoin, with custody handled by Comainu, which was founded in 2018 by Nomura in partnership with crypto companies Ledger and CoinShares. Those aren't the only significant signs of increased activity we've had over the past week. We also heard that Electric Capital is aiming to raise $300 million for a new fund, Cassie Kornbank, the largest traditional bank in Thailand, has created a $100 million fund to invest in Web3 and AI startups, crypto platform BitGet has established a $100 million fund to invest in the trading ecosystem, and investment firm Reverie has launched a $20 million crypto venture fund. All this over the past seven days. Green shoots, maybe? 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 Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
The Eric Metaxas Show
A highlight from Mike Signorelli
"Trump calls Florida heartbeat bill a terrible mistake, and Mike Pence talks war with Russia. So I think if you will allow me to speak critically of Donald Trump for five minutes, I will speak critically. No, no, no, no. Look, you know, and I know, everybody listens who to this program knows that I don't think Trump is perfect. I think he ought to be the next president. And I think that, as you know about me and about many people listening to this program, that we are radically pro -life. We think it's a moral issue. And I think that Trump has made, I think he misspoke. I think it was, I don't know. Well, talk about it so people understand what we're talking about. Donald Trump went on face the nation and said that the heartbeat bill Ron DeSantis bravely signed in Florida was a terrible thing, a terrible mistake. And he said that he wouldn't commit to supporting any kind of federal restriction on the taking of unborn life. And he said with characteristic real estate bravado, well, I'm going to have policies that are going to make everybody happy. Everybody's going to walk away happy from the table. That is not how things work. When you're talking about life and death issues, Mr. President, that is how things might work. If you're negotiating over ownership of a golf course. All right. All right. Each of you is going to get nine holes. Okay. You'll each get nine holes. It's wonderful. You got, you've got half a golf course, half a loaf is better than none. But we remember from the story of Solomon, half a baby is not better than none. In this case, we're talking about cutting the baby in half. Literally we're talking about should abortion, should the pro -life position be, we want a bad abortion after maybe 15 weeks, which would only get rid of maybe 8 % of the abortions in America. If that's the pro -life position, it's not worth a damn thing. That's the law in Germany. That's the law in France. That's the law in Belgium. All these countries where euthanasia is now taking over. Having a 10 week, a 15 week abortion ban solves absolutely nothing. It just means the women who are so dopey, they don't even know they're pregnant until like 18 weeks won't be able to get abortions. That's all it means. He's really just punishing the stupid. It's not saving a significant number of babies. I don't know who Trump is getting his advice from on the abortion issue, but they're not on our side. They are like the Jared Kushner. They're not on our side. What Trump is saying is a complete loser position. It's like saying we're going to build the wall. We're going to build the wall with the Mexican border, except every 20 feet there's going to be a gap. We'll get most of the wall built. There'll guess who will come. I think a couple of things need to be said. First of all, I already said it. Trump is not perfect. So he often has done things that I think are harmful to himself. And saying that I think just politically is a mistake. But we also have to say without a doubt he has been the most pro -life president we ever had in this country. Because of him and standing up for Kavanaugh, Roe v. Wade was overturned. I want to remind people of that. I also want to remind people that he spoke at the March for Life. No other president had done that. And so right now, I guess I find everything with him, not everything, but a lot of stuff just funny. It's almost like he'll say anything Ron DeSantis says, he'll say the opposite. I know. You could be triggered and tripped into that. And it's his Achilles heel that whatever Trump, whatever DeSantis says, Trump will somehow try to spin it. Trump even said that Andrew Cuomo did a better job on COVID than Ron DeSantis. That is literally the most insane thing any American politician has said since Jefferson Davis said I want to secede from the union. It's up to that level of crazy. But Trump, I mean Trump does this stuff for effect. In other words, for political effect to drive people crazy. That's why I guess I find it at least partially entertaining that he'll go out on a limb and say something like that just to trigger DeSantis. The problem is this stuff isn't cute. There were thousands of people murdered in those nursing homes in New York. Abortion isn't cute. This is not something funny. This is not like letting Jared and Ivanka turn the White House into their own little party hut. This is really serious. And our only leverage over Trump is right now during the primaries. If he gets the nomination, he can do whatever he wants because he will be elected president unless they assassinate him, which I do not put past that. I do not put that past the deal. Oh, I know that there have been attempts that we haven't heard about, but obviously they would do anything to get rid of him. We have our leverage now, especially before the Iowa caucus. Trump needs to be told if you keep saying this weak, rhino, wimpy garbage about abortion, maybe we'll hold our noses and vote for you against Joe Biden because we don't want to be put in prison camps. But we're not going to go to the mattresses for you. We're not going to go to the wall for you. We're not going to be fanatical, devoted supporters. We will hold our nose and vote for you the way we held our noses and voted for George W. Bush. Do you want to be the next George W. Bush? Well, no, John, I think it's worse than that. I think what will happen, what will happen is many evangelicals, pro -life evangelicals simply won't vote, which I think is an unbelievable mistake because they feel it's principled not to vote for Trump because he said this about what DeSantis's view. On the other hand, let him think that and maybe it's true and let him act accordingly. It's like if we are so on the reservation, Eric, that they know they have our votes no matter what they do, the Republican Party will keep treating evangelicals and pro -lifers the way the Democratic Party treats blacks. That is, you have no choice where you're going to go, take whatever scraps we throw you. So no, I think it's good. Let him be a little afraid that we will go off the reservation. No, that's why I just said that. That's why I just said that. In other words, I actually believe that that's true because when you look at what happened in the last number of elections, there are many evangelicals who are so pious in the negative sense that they would say, I'm just going to sit home and I'm not going to vote because Trump had three wives and I'm going to let Hillary Clinton or Satan or Adolf Hitler take over America because I'm so pious that I won't pull the lever for somebody who doesn't agree with me on everything or who puts out mean tweets or says things I disagree with. That is effectively how we got Biden because we didn't have a serious situation that we're in. On the other hand, Mike Pence is saying that unless we give long range missiles to Ukraine so it can kill lots of Russians, we'll have to go to war with Russia because it will invade Poland. So in order to avoid war, we have to fight a war. It's exactly what George W. Bush said about Iraq, that we have to fight the terrorists over there so we don't have to fight them over here so they won't do 9 -11 again. Now we know now Iraq had nothing to do with 9 -11. It had no weapons of mass destruction. So he lied us into the Iraq war. In Vietnam, they told us we had to fight the Vietnam war so that the communists wouldn't take over Japan and then Hawaii. The whole domino theory is something that warmongers and the military contractors they work for, they whip it out every time they want to get us in a useless war. They say, well, remember Neville Chamberlain? Remember 1938? And I always say, remember August, 1914, when they blundered into World War I and destroyed all three of the main governments involved in it, all based on nothing, based on lies, based on garbage. Sometimes it's November, September, 1938. Sometimes it's August, 1914. And you're the idiot warmonger about to plunge the world into destruction because of your silly fantasies private about being a big man. Mike Pence is one of those warmongers and he's very dangerous right now. There's never enough time to talk to you, my friend. We'll get you back as soon as possible. Thank you, folks. We'll be right back. Thank you. For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only, trust me, they're the only one. Glenn and the team have been great supporters of this show, which is why I'm proud to partner with them. Patriot Mobile offers dependable nationwide coverage, giving you the ability to access all three major networks, which means you get the same coverage you've been accustomed to without funding the left. When you switch to Patriot Mobile, you're sending the message that you support free speech, religious freedom, the sanctity of life, Second Amendment and our military veterans and first responder heroes. They're 100 percent U .S. based customer service team makes switching easy. Keep your number, keep your phone or upgrade. Their team will help you find the best plan for your needs. Just go to Patriot Mobile dot com slash Metaxas or call 878 Patriot. Get free activation when you use the offer code Metaxas. Join me. Make the switch today. Again, go to Patriot Mobile dot com slash Metaxas or call 878 Patriot. Do it now. Legacy Precious Metals has a revolutionary new online platform that allows you to invest in real gold and silver online in a few easy steps. You can open an account online, select your metals of choice and choose to have them stored in a vault or shipped to your door. You'll have access to a dashboard where you can track your portfolio growth in real time. Any time you'll see transparent pricing on each coin and bar. This puts you in complete control of your money. The platform is free to sign up for. Visit Legacy PM investments dot com and open your account and see this new investing platform for yourself. Gold can hedge against inflation and against the volatile stock market. A true diversified portfolio isn't just more stocks and bonds but different asset classes. This new platform allows you to make investments in gold and silver no matter how small or large with a few clicks. Visit Legacy PM investments dot com to get started. You're going to love this free new tool that they've added. Please go check it out today. That's Legacy PM investments dot com.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Navigating Token Listings and Delistings in the Crypto World with Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Monday, September 18th, 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 new crypto rules from New York State financial regulator and official support from token financing in Japan. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets have been enjoying a green day, with Bitcoin up almost 2 .8 % as at 10 am Eastern Time, trading at $27 ,280 according to Coindesk indices. Ether is up almost 1 .8%, trading at $1 ,658. Some smaller tokens such as Chainlink are up almost 10%, and Cosmos' ATOM token is up over 4%. The driver behind the change in mood appears to be renewed trader interest, as open interest in Bitcoin and Ether futures has jumped to the highest point for both since mid -August, according to data from Coinglass. 30 -day implied volatility as priced by the options markets is also on the rise. In traditional markets, U .S. stock indices are all trading slightly down so far this morning, as traders adopt a cautious mood ahead of Wednesday's FOMC rate decision. Futures market pricing is still signalling high confidence around a pause, but concerns remain around the Federal Reserve's outlook and expectations. Wednesday also sees the release of updated official economic projections, which will give us some insight into where the Fed expects rates to end the year, and by how much it expects to cut next year. We'll also get a glimpse of its expectations for U .S. inflation and GDP growth. As always, the fun part is the press conference afterwards, where Chair Powell feels some predictable and some unexpected questions from journalists. In Europe, the FTSE 100 was down 0 .75 % earlier today, drifting lower on weakening risk sentiment ahead of the Bank of England's rates decision later this week. European stocks were also weaker in trading today, with both the Euro Stoxx 600 and the German DAX down just over 1%. This comes amid concerns about the relentless climb in oil prices, and concerns that U .S. and Eurozone rates will remain higher for longer than many economists have predicted. Earlier today, a European Central Bank policy -maker said that the rate -setter would need to wait until at least March of next year before ruling out further hikes. In Asia, China's Shanghai Composite Index climbed just over 0 .25 % in trading today, as investors focused on last week's of economic stabilization. The Hang Seng Index, however, was down almost 1 .4%, hit by persistent concerns about the Chinese property sector and the impact on technology stocks of persistently high U .S. and Eurozone interest rates. Japan's market was closed today for a public holiday. In commodities, earlier this morning, the Brent crude benchmark took a breather from its weekend climb and is trading at just under $95 per barrel. Citigroup analysts put out a note earlier today saying that, while geopolitical risks could push oil prices over $100 a barrel in the short term, expected supply increases from non -OPEC producers should soon bring this back down below $90 a barrel. The energy minister for Saudi Arabia is due to address the World Petroleum Congress in Calgary later today. No doubt his remarks will be scrutinized for any hint as to how much longer the leading oil exporters' production cuts will continue. Gold prices continued their weekend climb, currently trading at around $1 ,923 per ounce, up just over 0 .1 % over the past 24 hours. While the price is still down 0 .6 % from the beginning of the month, traders appear to be energized by the likely pause in U .S. rate hikes. It also doesn't hurt that on Friday, China's central bank lifted temporary curbs on gold imports for state and mid -sized commercial banks. Stay tuned, after the break, we'll take a look at latest and supportive not -so -supportive rules from regulators. Back in a minute.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Navigating Token Listings and Delistings in the Crypto World with Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Monday, September 18th, 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 new crypto rules from New York State financial regulator and official support from token financing in Japan. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets have been enjoying a green day, with Bitcoin up almost 2 .8 % as at 10 am Eastern Time, trading at $27 ,280 according to Coindesk indices. Ether is up almost 1 .8%, trading at $1 ,658. Some smaller tokens such as Chainlink are up almost 10%, and Cosmos' ATOM token is up over 4%. The driver behind the change in mood appears to be renewed trader interest, as open interest in Bitcoin and Ether futures has jumped to the highest point for both since mid -August, according to data from Coinglass. 30 -day implied volatility as priced by the options markets is also on the rise. In traditional markets, U .S. stock indices are all trading slightly down so far this morning, as traders adopt a cautious mood ahead of Wednesday's FOMC rate decision. Futures market pricing is still signalling high confidence around a pause, but concerns remain around the Federal Reserve's outlook and expectations. Wednesday also sees the release of updated official economic projections, which will give us some insight into where the Fed expects rates to end the year, and by how much it expects to cut next year. We'll also get a glimpse of its expectations for U .S. inflation and GDP growth. As always, the fun part is the press conference afterwards, where Chair Powell feels some predictable and some unexpected questions from journalists. In Europe, the FTSE 100 was down 0 .75 % earlier today, drifting lower on weakening risk sentiment ahead of the Bank of England's rates decision later this week. European stocks were also weaker in trading today, with both the Euro Stoxx 600 and the German DAX down just over 1%. This comes amid concerns about the relentless climb in oil prices, and concerns that U .S. and Eurozone rates will remain higher for longer than many economists have predicted. Earlier today, a European Central Bank policy -maker said that the rate -setter would need to wait until at least March of next year before ruling out further hikes. In Asia, China's Shanghai Composite Index climbed just over 0 .25 % in trading today, as investors focused on last week's of economic stabilization. The Hang Seng Index, however, was down almost 1 .4%, hit by persistent concerns about the Chinese property sector and the impact on technology stocks of persistently high U .S. and Eurozone interest rates. Japan's market was closed today for a public holiday. In commodities, earlier this morning, the Brent crude benchmark took a breather from its weekend climb and is trading at just under $95 per barrel. Citigroup analysts put out a note earlier today saying that, while geopolitical risks could push oil prices over $100 a barrel in the short term, expected supply increases from non -OPEC producers should soon bring this back down below $90 a barrel. The energy minister for Saudi Arabia is due to address the World Petroleum Congress in Calgary later today. No doubt his remarks will be scrutinized for any hint as to how much longer the leading oil exporters' production cuts will continue. Gold prices continued their weekend climb, currently trading at around $1 ,923 per ounce, up just over 0 .1 % over the past 24 hours. While the price is still down 0 .6 % from the beginning of the month, traders appear to be energized by the likely pause in U .S. rate hikes. It also doesn't hurt that on Friday, China's central bank lifted temporary curbs on gold imports for state and mid -sized commercial banks. Stay tuned, after the break, we'll take a look at latest and supportive not -so -supportive rules from regulators. Back in a minute.
The Crypto Overnighter
A highlight from 671:DOJ vs SBF Jury Battle & SECs Binance Unsealing
"Good evening, and welcome to The Crypto Overnight. I'm Nickademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Saturday, September 16th, 2023. Welcome back to The Crypto Overnight, where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight, we're diving into the DOJ's critique of FTX founder Sam Bankman Fried's proposed jury questions. Then we'll unpack both the SEC's reversal on sealing documents in its case against Binance US and the exodus of top brass at Binance. We'll also explore the legal tussle between Gemini and the digital currency group, scrutinize Japan's regulatory overhaul in favor of crypto startups, and close out with Mark Cuban's brush with an eight hundred and seventy thousand dollar crypto heist. The U .S. Department of Justice criticized FTX founder Sam Bankman Fried's proposed jury questions as unnecessarily intrusive. Both parties submitted questions to help select a fair jury. SBS questions probe jurors opinions on FTX and ADHD, which he takes medication for. Prosecutors argue these questions aim to cast SBF in the sympathetic light and advances defense narrative. They've also requested high -speed internet and headphones for the trial. SBF faces over 100 years in prison if convicted. He stands accused of using billions of dollars in customer assets for failed investments. He has shown no remorse, blaming everyone but himself for FTX's collapse. His lawyers want to question jurors about effective altruism, a philosophy that SBF claims to follow. Prosecutors see this as a tactic to portray him as a good guy. Prosecutors also post questions about political donations and lobbying, calling them irrelevant. They've accused SBF of witness tampering and he's currently awaiting his October 3rd trial in jail. The DOJ's pushback against SBF's proposed jury questions is a battle for narrative control. SBF wants to frame himself as a misunderstood altruist, but the DOJ isn't buying it. They see his questions as a ploy to manipulate the jury's perception, a tactic that could have far -reaching implications for the trial's outcome. SBF's lack of accountability is glaring. His refusal to accept responsibility for FTX's downfall and the billions in lost customer assets is a window into his mindset. This is someone who was willing to gamble with other people's money, all while cloaking himself in the guise of effective altruism. The prosecutor's focus on tech infrastructure for this case is noteworthy. It suggests they're gearing up for a complex, evidence -heavy case. That's not the kind of trial you intend to lose, and they're taking every precaution to ensure that. SBF's upcoming trial is a moment where the crypto community needs to ask itself tough questions about accountability, ethics, and the kinds of leaders it wants to champion. Because if SBF is the best we've got, maybe it's time for some soul -searching. Okay folks, that's the DOJ and SBF in a courtroom tug -of -war over narrative control. But guess what? The SEC is also doing its own dance with Binance US. If you're intrigued by courtroom dramas, you won't want to miss this. Don't forget to hit that follow button for more deep dives into the crypto world.
Markets Daily Crypto Roundup
A highlight from Crypto Update | SEC Says Stoner Cats NFTs Are Unregistered Securities, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. To make sure 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. Crypto markets edged higher today as details emerged regarding the timing of FTX asset sales. You may recall a couple of days ago, I talked about how asset prices were down because of fears of downward pressure from the sale of Bitcoin and other tokens held by the FTX estate. Well, yesterday, a judge ruled that the estate could proceed with the asset sales, but gently. The estate does not have to give advance notice of any sales, but it is limited to $100 million worth a week. This can be increased in special circumstances and with some paperwork, but on the whole, it looks like the market impact will be less than originally feared. The estate can take its time with the sale and is likely to take care to not adversely impact the market. As at 10 a .m. Eastern Time, Bitcoin was up over 1 .7%, trading at almost $26 ,565. Ether is up 1 .8 % over the past 24 hours, trading at $1 ,624. In traditional markets, US stocks have been moving higher after US retail sales came in notably higher than expected, with a month -to -month increase in August of 0 .6 % versus the consensus forecast of 0 .2%. This is higher even than July's month -on -month increase of 0 .5 % and reinforces the surprising resilience of the US consumer. However, the jump was largely due to higher -than -expected receipts at the gas pump due to higher oil prices. This could end up crowding out other expenditures, especially as the cost of credit starts to bite and as student loan repayments resume next month. At 10 a .m. Eastern Time today, the S &P 500 and the Nasdaq were both up roughly 0 .3%, while the Dow Jones was lagging with a 0 .1 % gain. The strength of the US economy was also a tailwind over in Europe, with the FTSE 100 index up more than 1 .3 % as at 10 a .m. Eastern Time today. The mood was also lifted by hints from the European Central Bank that the 25 -basis -point hike delivered this morning could be the last. Inflation in the Eurozone is still much higher than the target rate, and staff raised the forecast for the end of 2023 to 5 .6%, dropping to 3 .2 % in 2024. Obviously, the phrase higher for longer does not just apply to US rate expectations, as at 10 a .m. Eastern Time, the German DAX index was up almost 0 .5%, while the broader Eurostock 600 was up 1%. Over in Asia, the Nikkei jumped 1 .4 % as sharper -than -expected drop in machinery orders for July dampened speculation that the Bank of Japan could raise rates in the near future. In China, the Shanghai Composite was largely flat with no clear catalysts, while the Hang Seng index rose a modest 0 .2%. In commodities, oil prices continued their climb today, with the Brent crude benchmark breaching $93 per barrel for the first time since November of last year. At 10 a .m. Eastern Time, Brent was trading at $93 .25, up more than 1 .2 % over the past 24 hours, and up a painful 13 .6 % since the beginning of this year. This does not bode well for global inflation figures. Gold is largely flat today as traders digest the latest US economic data. At 10 a .m. Eastern Time today, it was still hovering around $1 ,906 per ounce.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | SEC Says Stoner Cats NFTs Are Unregistered Securities, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. To make sure 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. Crypto markets edged higher today as details emerged regarding the timing of FTX asset sales. You may recall a couple of days ago, I talked about how asset prices were down because of fears of downward pressure from the sale of Bitcoin and other tokens held by the FTX estate. Well, yesterday, a judge ruled that the estate could proceed with the asset sales, but gently. The estate does not have to give advance notice of any sales, but it is limited to $100 million worth a week. This can be increased in special circumstances and with some paperwork, but on the whole, it looks like the market impact will be less than originally feared. The estate can take its time with the sale and is likely to take care to not adversely impact the market. As at 10 a .m. Eastern Time, Bitcoin was up over 1 .7%, trading at almost $26 ,565. Ether is up 1 .8 % over the past 24 hours, trading at $1 ,624. In traditional markets, US stocks have been moving higher after US retail sales came in notably higher than expected, with a month -to -month increase in August of 0 .6 % versus the consensus forecast of 0 .2%. This is higher even than July's month -on -month increase of 0 .5 % and reinforces the surprising resilience of the US consumer. However, the jump was largely due to higher -than -expected receipts at the gas pump due to higher oil prices. This could end up crowding out other expenditures, especially as the cost of credit starts to bite and as student loan repayments resume next month. At 10 a .m. Eastern Time today, the S &P 500 and the Nasdaq were both up roughly 0 .3%, while the Dow Jones was lagging with a 0 .1 % gain. The strength of the US economy was also a tailwind over in Europe, with the FTSE 100 index up more than 1 .3 % as at 10 a .m. Eastern Time today. The mood was also lifted by hints from the European Central Bank that the 25 -basis -point hike delivered this morning could be the last. Inflation in the Eurozone is still much higher than the target rate, and staff raised the forecast for the end of 2023 to 5 .6%, dropping to 3 .2 % in 2024. Obviously, the phrase higher for longer does not just apply to US rate expectations, as at 10 a .m. Eastern Time, the German DAX index was up almost 0 .5%, while the broader Eurostock 600 was up 1%. Over in Asia, the Nikkei jumped 1 .4 % as sharper -than -expected drop in machinery orders for July dampened speculation that the Bank of Japan could raise rates in the near future. In China, the Shanghai Composite was largely flat with no clear catalysts, while the Hang Seng index rose a modest 0 .2%. In commodities, oil prices continued their climb today, with the Brent crude benchmark breaching $93 per barrel for the first time since November of last year. At 10 a .m. Eastern Time, Brent was trading at $93 .25, up more than 1 .2 % over the past 24 hours, and up a painful 13 .6 % since the beginning of this year. This does not bode well for global inflation figures. Gold is largely flat today as traders digest the latest US economic data. At 10 a .m. Eastern Time today, it was still hovering around $1 ,906 per ounce.
Andrew Tate Motivational Speech
A highlight from CONQUER THE WORLD - Andrew Tate Motivational Speech
"The world's over in 2030. Why go to the gym? Why get strong? Why work hard? Why get rich? Why be funny? Why be charismatic? Why do anything? It doesn't matter the world's gonna end sit in your pod wait for the food delivery That's what they want from all of us They want all of us have absolutely no ambition and to sit there and be slave -minded It's very difficult to resist enslavement if you need the government to eat I find it amazing that men will sit and watch movies about prisoners of war in japan Or watch movies about men who go to war and risk their lives or watch all these hero movies And they have admiration for the hero and they believe Themselves to be some version of a hero and then they're too afraid to say no to putting on a mask If you're not gonna say no to putting on a mask don't watch hero movies anymore because you're certainly not a hero You are one of the villains. You're not even the one of the important villains You're not one of the villains with the name. You're the stupid little henchmen who get beaten up Those guys were on screen for a flash of a second and die without consequence Nobody even cares or mentions them again their family don't even get to give them a duel. They're nobodies You're a nobody villain. You're not even an important one the important villains. You know their names. You're a number You're not a name if you're gonna watch superhero movies You don't put a mask on your fucking face And if you want to be a superhero in life, you need to understand that for 80 % of the movie You're gonna suffer for 80 % of the movie you're going to lose watch any superhero movie for 80 % of the movie It is nothing but pain and frustration and difficulty and when your life is that way You have a chance to grow into something fantastic and you should thank god for every difficult thing. He puts in your path Let's talk about your brother. I have seen him really kicking ass out there and he's an amazing guy Let's talk about tristan I have the best brother on the planet and he's the best brother on the planet because we are a team and we are a Truly unbreakable team and we've always been a team. I can't imagine up. There's never been a point in our lives We were not a team. We've been a team since the absolute beginning and two brothers are worth 10 men Two brothers are worth 10 friends and that's just how we are as men and we approach everything together He has said to me repeatedly they better not put you in jail without me They better put us both in jail. If you're going to jail i'm going to I was about to say What was it like in jail? Let's talk about that It's kind of interesting because we drew strength from the fact that we knew the other was being strong at all times And that gives you an incredible source of strength Like I knew he was being a man and he knew I was being a man when enough men get in a room and get pissed Off we'll charge at machine guns It's amazing what you could do to the male psyche when you have men around you who are brave We can literally go over the top of the trench. It's incredible what can happen? So that's the biggest source of strength for me and my brother We'll walk in the same room give each other a nod don't even say a word and we're instantly ready to die Because we've always been that way and I only like hanging around with men who think that way and that's why another reason If you want to apply it to society one of the reasons they attack masculine friendships so heavily and try and make out like men shouldn't be friends and Being friends with men is gay and all this garbage They try and destroy it because they want men lonely because as a lonely man You're much easier to kill The problem they're having is that we're telling the truth and we're repeatedly telling the truth and we have morals and we have standards And we're standing up for what we know is right and we're standing up for god and we're doing the right thing So how do they attack us? It's very difficult to say we're not principled or intelligent or correct So instead they have to say we're bad people So to say somebody's a bad person what you do is you weaponize a virtue you say he's misogynistic or he's homophobic Or you find some virtue and you put it into a bullet and you shoot it at them And it's all just character assassination tactics They can't say we lie because we tell the truth and we keep repeatedly being proven telling the truth So instead they have to assassinate our characters. That is their primary goal and objective and that's why the process itself is a punishment I tell you the bbc In the in the 18 months the bbc have been printing about me being a human trafficker because they've done An article a day every day for 18 months three staff members of the bbc have been caught committing sexual crimes Three of their own staff it's mentioned for a day maximum two and then it goes away and here I am 18 months later still Going through the grinder of endless character assassination. It's insane You're either on their team and they protect you or you're against them on the side of god and truth And they're absolutely out to destroy you every single thing that msm say is a fucking lie and I apologize for swearing But it is a lie everything I read in these papers. All of it is a lie head to toe now it is a damn fucking lie, but perhaps you should put the Solitary confinement workout book out i'm serious because we're going to find it post I saw it like a day of you came out you were working out and like you had a swartzenegger ours What was your regimen in there? Yeah, so I I knew the guards were watching me and i'm stubborn And I believe that every time I did push -ups and they saw me doing them I believed in my heart it annoyed them And I am a very stubborn man because they wanted me to be sad and broken Every time they saw me I was sweating and training and every single time they'd check They saw nothing but a lion who refused to stop doing push -ups and they didn't want to do push -ups. They were too lazy They're sitting around they're the guards They're not doing anything and every single time they checked me for weeks and weeks and weeks All I did was train and I found the motivation to do it by knowing that it bothered them that I refused to quit I'm stubborn like that. I and I don't even know if it's true All I know is that I can adopt a mental model which makes me as competitive as possible and I Decided my push -ups bothered them and they were the ones who were keeping me locked in a room So I will do push -ups at them. I didn't do push -ups for me. I did push -ups at them Endlessly if I was awake, I was doing push -ups or I was resting preparing for my next set at them It was my only weapon of defiance How many did you do a day? Thousands 1500 1600 today. Oh my god Man I remember feeling sorry for you and worried about you and then I saw you When you boiled out of there, I was like, what the hell think about a superhero movie? A man is unfairly imprisoned in a romanian jail cell and trained so hard. He emerges stronger than ever before that is a movie You get to live a movie as a man if all you had was some balls Even you think about your movie. You're literally saving the world predicting the future Our movies i'm the most google man alive we are living movie scripts Why because we have bravery most men sit there and wonder why they're depressed because you don't get to live a movie You're not the main character of anything You're not even a secondary character in anyone else's movie or an unimportant nobody because you were afraid your entire life You've lived like a coward your whole life. You were afraid of what might happen if you have some balls And then you wonder why you're depressed i'd be depressed if I was you of course your life sucks I'd rather go to jail as me that lived free as you because when you're free, you can't even do anything You can't go where you want. You're broke. You can't have sex girls don't want you. You can't speak because no one listens So what are you free to do? You're more in jail than I ever was when I was at jail I was getting thousands of love letters from beautiful women around the world every single tweet I put out was watched by millions of people I wasn't in jail most of these people who have lived with cowardice in an attempt to preserve their freedom aren't even free And that's what they don't understand. They're enslaved worse than I ever have been or ever will be my mind is free I'm allowed to think what I want to think and say what I want to say They have thoughts and they go. Hmm. Don't know if I should say that they second -guess themselves. They're their own worst enemy Every single part of me is on my team. I have enemies who want me dead fine But every single part of me my mind my hands my legs every single part of me is on my team My body doesn't second -guess itself. My mind doesn't turn on itself We don't break and self -sabotage.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Would need to sleep until eight o'clock before. I'm going to be like be ready to do it in the morning. So this guy though. He's clearly an early riser. Others a euphemism there if you want. He pointed his smartphone up her skirt and grabbed his bag while she shouted for help and then station guard came and then called. The police called one one zero. Which is the nine one one in japan. So that's important. It's actually important to learn that the codes for nine one one or things like that are different in different countries so the guy denies it but then they find fifty seconds of footage of the footage of the woman on his phone. These denied that this is like a thing he did even though clearly. The only way to get this thing to work would be to stick your camera up to lady skirt. So we're to go dick. I'm a little negative today like more so than normal. I think this is because they're zero surprising. This denying it having the footage on your phone like you should have deleted that before the other cops showed up. But i guess maybe i'm interested like how do they did like the station. Attendant grabs phone. I if i was in this situation. So i just say i'm a criminal film lady skirt in someone calls the police. I would delete the footage that would be like literally the first thing i do and then i would deny it. You don't denied if the footage schiller you're caught you're done you suck you suck. There's new ten thousand yen note being released. It's got some exciting new features. Its texture is going to be different so the people with visual who are visually impaired they will be able to touch it in. No it's ten thousand yen. The number on it is bigger. So it's going to be easier to see. They've replaced the dude so the old dude was writer and so i always kind of appreciated that the people in japan the money in japan always had like artists and stuff on it. This guy. this guy is shoe. Sawa h. e. he's the father of japanese capitalism which is appropriate for a bill but also bit disappointed that they've kind of shifted towards Like finance people on their money. Instead of you know trying to raise up other people or other things I think the father of japanese capitals might not be a celebrated because japan as far as i can recollect has been in like twenty maybe thirty year recession so it has gone from being like bit almost number one number two economic power in the world to number three number. Four now So maybe the father of javanese capitalism needs to get shit together. He's been debt here. Don't know why i'm crapping on his guy. I'm kinda down on economists. Maybe i've had a thing about economists lately Like you talking about. How like essentially thinking to think like the economy will save everyone in everything You know so disregarding environmental concerns and stuff not realizing that environmental concerns senior consumer base is all going to die and then you have no economy left. I is a fundamental issue there. They miss the bugs me. That for the economy to thrive you need people and those people need to be healthy and have money. And that's not going to happen if you're destroying the environment. I'm not a strong environmentalist. But the contradictory message of economists bothers me to a great deal.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"People how many how few people have been vaccinated and there is sort of a weird irony. The japan is already talking about sending vaccines to taiwan. I talked about this last week. Japan's gonna send doses to taiwan and now this week we're talking about sending doses of vietnam is very interesting way of looking at the world because yeah they're helping out other people get vaccines but i'm like they haven't felt vaccinated everyone japan but they have secured enough doses for japan so any does beyond that. Don't technically need. The problem is the doses they have. They haven't organize themselves. Well enough to actually send them get the people vaccinated like i haven't even heard about my age group the possibility of being vaccinated yet. I think it was the end of july. Maybe july eighth was their target in start vaccinating like more people like opening it up to people who like more people than just over sixty five but again that's still theoretical but they're already supporting taiwan. I made it an interesting connection. I don't know if this is real. I think it is. Of course i think it is because i think therefore i think it is so japan has already i believe sent one point two four million doses of vaccine to taiwan. And they said thank you actually. I didn't know this. The minister of health in taiwan actually requested. Because they're saying china has been impeding shipments to taiwan which is a weird kind of punishment. I.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Something. I actually found a little scary. And this is because it involves japan and china sort of posturing in that is actually when i think things are gonna go wrong is when someone postures too far. There's been a rule in japan. The military defense spending don't because of the constitution they don't have an army they have a self defense force because it self defense spending in japan cannot exceed one percent of the gdp which meant in this last year so the gdp shrunk because of coronavirus and other stuff actually means military spending shrunk. They haven't had as much money for the military as they have in previous years. The defense minister nobuo kishi his said china keeps bringing it. So we gotta bring it. So i'd done brung it and he has decided that we're going to exceed the one percent minimum maximum that we're normally allowed. It's basically they're saying we're going to change the rules and ignore the rule that says we only spend one percent of our gdp on self defense in his speech. He mentioned both the senkaku islands which are disputed islands between japan and china and he mentioned taiwan directly sort of as a country. He actually talked about defending taiwan. And this is a stance so one of the mistakes. Trump made is someone from. Taiwan called him to congratulate him on his election. America has a one china policy so very technically america doesn't believe that taiwan is a separate entity from china and countries have to make this decision. Taiwan says it's independent. China says it's not a country has to decide which one they re with. The minister of defense in japan saying taiwan explicitly is taking a stance. It doesn't seem like much but just the statement itself means that japan's policy now is that there is not a one china policy like america. It's the taiwan as an independent nation and should be treated as such in the increase in because right now actually if they spend more than one percent they're actually spending maybe the same as previous years but it means as soon as the gdp goes back up. They can spend more money than they did previously on self defense. That's again sending a message to china right now after the speech was made. We're waiting for pushback. The olympic news and stuff is an interesting time to make this statement because it's being overshadowed by corona virus and the olympics. They've changed some very significant rules. They've taken a stance on china. The china taiwan issue. And they're saying basically if you come because they've been doing a lot of posturing senkaku they send a lot of boats out. China sends boats outside. Japan sends the coastguard out. They've actually said that in the past like if it gets too bad. We're gonna fire on chinese ships if they're too close to these islands that there are islands and this is how worst start even if they don't really wanna war this is again it right now. It's posturing this is something that happens a lot with north korea..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"That happened last week. So it's kind of an apology last week just like this week just like every week. I assume every week for the next two three weeks ninety nine percent corona news. And i don't wanna do khurana news. I don't want to deliver corona news to the world. It's just a fact of living in japan right now. Japan is not taking care of corona krona. One here corona is just the news of the day. You're not getting away from corona last week. I'll what i'll do is. I'll put the other stories upfront. And then do khurana new. So if you don't want to hear the news you can listen to the to three other stories. Then stop but because i was talking about corona i started doing the first story about corona because it was just in my head then did the whole episode about corona in had the random stores at the end. So if you were hoping. I was actually going to follow through on the thing. I said i was going to follow through on. I vaguely apologized for that because it was unintentional. So if we're gonna take intent as part of the punishment or the level of apology required then. The level of apology is quite low. Because i did not intend to do the thing i did. I just happened to accidentally opposite. Do the opposite of what i said. I was gonna do so. That's actually sort of an apology from me to you. I'm not going to make the same stake this week. Again is all corona stuff and it's actually all corona plus olympics. I have been reading. So we're going straight into the corona news. There's no getting away from it. So we're just gonna do it. Here's the thing. They're opening mass vaccination centers. I think i mentioned that last time. They're going to open one in tokyo one in osaka. And those are okay. They wanna do a million. Vaccinations day as we've talked about before if you do the math. It's actually not that many. There was a story that came out. A couple of days ago said china's vaccinating fourteen million people a day..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Oh wait here's the other story where it relates perfectly the olympics. They last week said they wanted five hundred nurses and everyone got really upset. Because it's not like he seemed to take into account he's i heard that x. amount of nurses. We're taking time off so it shouldn't be hard to get x amount of volunteers nurse volunteers but they're taking time off because they're exhausted because they're trying to take care of cove it all the time. This is only for the olympics. They want ten thousand healthcare workers. So i'm assuming that's a nurse's just general like triage triage. When i went to judo tournaments they always had like medical guy. There in case you broke your arm or something so i don't know what those guys are called. They're not nurses they're not actual doctors. They're just like healthcare triage. They do triage. They wanna do daily. Pcr tests on the athletes. They've asked the this related to last week's story. They've asked the japanese nursing association for five hundred volunteers and when they said that everyone went shit. Everyone on the internet went asia. And it's because it's like okay. I trying to think how to phrase this. The problem is these people are already overworked. Nurses specifically are already overworked. The story from last week was they're all taking time off. They're taking time off because they're exhausted. Some of them are actually quitting the medical profession. they're not gonna quitting being a nurse asking them to volunteer their time. Seemed a little much so people are like. You don't appreciate nurse. You don't appreciate what they do. The medical workers union asked for the for five hundred volunteers to be revoked. So they're actually saying like the union saying to the government or i guess that's the government i keep saying the government. It's the official olympic committee. in japan. Saying please unrequested five hundred volunteers. The original plan was most healthcare workers would volunteer and this is given the image that like the japanese government cares more about the olympics than it does about the actual wellbeing of the people who are supposed to be taking care of everyone else healthcare workers so nurses specifically and it's honestly that is probably true. This is a story for a while ago. There's olympic swimmer She got cancer and this politician. He got in trouble because he went on. He went on and he said you know. Hope healthy really soon so that you can go to the olympics winners medals and everyone lost their minds. You like this person has cancer and you're talking about medals didn't know no actual like i hope you get healthy. I hope your family is okay that it was just like you might win medals for japan so get healthy so you can win medals for japan. He apologized but we've done apologies a million times on engineers japan. They mean nothing. I mean. that's actually the problem. Is these apologies me. Nothing because yeah. He doesn't care about the person just like these guys. Don't care about healthcare workers. All they care about is that the olympics go through and they go well and in. Japan looks good in the long run. Of course the situation with cove getting worse. Let's talk about that..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Now. The last one is <Silence> stocking store. <Speech_Male> <Speech_Male> And it's <Silence> weird because <Speech_Male> a <Speech_Male> woman was arrested <Silence> for stalking <Speech_Male> <Speech_Male> then. <SpeakerChange> <Speech_Male> She started stalking <Speech_Male> the officer. <Speech_Male> Who arrested <Silence> her for stocking. <Speech_Male> <Speech_Male> Which is a bit much. It <Speech_Male> shows that she has a certain <Speech_Male> mentality that that's <Speech_Male> actually the <SpeakerChange> problem that needs <Speech_Male> to be fixed. She's got <Silence> clearly issues <Speech_Male> one <Speech_Male> of the reasons. He started stalking <Speech_Male> the police officer. <Speech_Male> In one of the arkansas senate <Speech_Male> because he was reliable <Speech_Male> talked to the other <Speech_Male> cops and then she <Speech_Male> found that this officer <Speech_Male> was <Speech_Male> particularly <Speech_Male> reliable. <Speech_Male> So that's why. She <Speech_Male> started stalking <Silence> that guy. <Silence> <SpeakerChange> And <Speech_Male> <Speech_Male> that's what she's looking <Speech_Male> for in life but that's actually <Speech_Male> scary because means any <Silence> rely. I <Speech_Male> <Speech_Male> just have to not be <Speech_Male> reliable and she wouldn't stock <Silence> but <Speech_Male> she <Speech_Male> warns <Speech_Male> no more contact <Speech_Male> with this police officer. <Speech_Male> You not allowed to contact <Speech_Male> him. You don't send <Speech_Male> and she was doing <Silence> with she was <Speech_Male> warned. She <Silence> sent a letter anyways <Speech_Male> the letter. <Speech_Male> This was phrasing <Speech_Male> again. I didn't know if this <Speech_Male> was a euphemism. Maybe <Speech_Male> i need to learn. Japanese <Silence> euphemisms a <Speech_Male> bit more. <Speech_Male> She said i want <Speech_Male> to enter <SpeakerChange> your family <Silence> register. <Speech_Male> <Silence> Try that again. <Speech_Male> I want to <Speech_Male> enter <Speech_Male> your family registers. <Speech_Male> Next time <Speech_Male> you go on a date <Silence> you try to use <Speech_Male> that. Just try <Speech_Male> to use. I want <Speech_Male> to enter your family register <Speech_Male> and see <Speech_Male> how the person <Speech_Male> response <Speech_Male> in japan <Speech_Male> other countries don't have <Speech_Male> family registers <Speech_Male> japan. You have to register <Speech_Male> with your local government <Speech_Male> just so you know what a family <Silence> registers <Speech_Male> and as the <Speech_Male> household who is <Speech_Male> the head of household. <Speech_Male> How many people live there <Speech_Male> things like that. <Speech_Male> That's your family registered. <Speech_Male> Just says everyone <Speech_Male> who lives in. This house <Speech_Male> is a family. <Speech_Male> <Speech_Male> Basically it's just <Speech_Male> details <Speech_Male> about citizenry <Silence> <Speech_Male> of <Speech_Male> whatever <Speech_Male> you make sense <Speech_Male> family registers actually <Speech_Male> self-explanatory. I <Speech_Male> don't know why. <Speech_Male> I suddenly <Speech_Male> felt the need to explain that <Speech_Male> other countries don't <Speech_Male> do it but i think <Silence> you can out what <Speech_Male> it is. I <Speech_Male> want to enter your family <Speech_Male> registered. I just want to say <Speech_Male> that phrase over and over <Speech_Male> again. I want <Speech_Male> to enter your family register. <Speech_Male> <SpeakerChange> <Silence> I don't want to live <Speech_Male> apart i. <SpeakerChange> I'm in love. <Speech_Male> <Speech_Male> So she was arrested <Speech_Male> for sending <Speech_Male> that letter and asking <Speech_Male> to enter a man's <Silence> family register <SpeakerChange> <Speech_Male> <Silence> which is <Speech_Male> <Speech_Male> a whole bunch <Silence> of ways. I want to try to make that <Silence> dirty. <Speech_Male> I think <Speech_Male> that's saying more about me <Speech_Male> than it is about <Silence> anyone else. <Speech_Male> <SpeakerChange> <Silence> <Silence> <Music> <Advertisement> <Music> <Music> <Music> <Music> <SpeakerChange> <Speech_Music_Female> <Speech_Music_Female> <Speech_Music_Female> You can tweet <Speech_Female> questions <Speech_Female> or comments. An engine <Speech_Female> us japan or <Speech_Female> joined the facebook <Speech_Female> group <Speech_Female> on facebook <Speech_Female> such for an engine <Speech_Female> news japan. <Speech_Female> Sexy <SpeakerChange> at <Silence> hamis. <Speech_Male> Tough queen just fast.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"I didn't make the system. I guess they assume people are only buying one day on a bad day. I'm drinking two or three but it's it's usually hot drinks milk tea and stuff like that little personal note so you can get to know each other better anyway if you buy a drink from vending machine on a regular basis. This is something. Look into just do the math. I if you spend more than twenty seven hundred yen on the machine on a regular basis. This'll be something to worth getting as anyone who has listened to ninjas japan for any length of time knows that i teach english in japan as many foreign people do. It's.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"And i refuse to take them back. So that's probably much like the water bottle in this story that again. I'm assuming it's p. I don't have any proof that that's true. If someone's pete in your water bottle you're never drinking out of that water bottle again even if you like bleach it and you know it's perfectly clean unless you're one of those people who drinks pete. I'm not one of those people something. I've talked about several times in the past people getting arrested and obviously being guilty and then getting released and japan is famously. Got like a ninety something percent conviction rate and that's because prosecutors only take cases that they're pretty much assure slam dunk if there's anything. They think they might not win. They actually probably just let you go. So usually the conviction is decided in advance of the actual trial which is a weird way of thinking about it. But really what actually happens. Is you just get released if they think you're if there's doubt this is the story of a guy who was arrested for Being chico which is like grabbing a chick the train so sexual assault. It's interesting because they were talking about why he was released. It was one of those ones where it seemed like. He was pretty guilty in. The girl probably had the right guy but these were the reasons that they gave for letting him go. So the judge said it is it is credible that the woman was a victim. So he's saying she was groped. She was the victim of sexual assault but she possibly miss identified the perpetrator. So he's saying because it's crowded train the fact that she could have mistakenly grabbed or accused. The wrong person means there is reasonable doubt. We have to let go. Which sounds really logical which said because. I'm like my honest belief. Is that if you get grabbed on a train. You kinda know who it was. There is a thing in japan where they tell the girl that if someone grabs you grab his hand and don't let go because then you're grabbing the person and that would avoid this..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Like most countries has a goal to go carbon neutral. That is pretty sensible. It's most countries are doing the same thing. Japan's massive car industry. They're all electric cars for other countries. Basically i think was twenty fifty. Most countries are trying to go. Carbon neutral twenty thirty. They wanna have all electric cars everywhere. Toyota and japan are actually banking hydrogen. One of the reasons they want to go for. Hydrogen and japan specifically is because there isn't actually a lot of space for massive solar farms. You can't have a big field full of solar panels if you don't have big fields. Of course you could put solar panels on the top of every building things like that. I don't know how that actually works in infrastructure way. I don't actually. I don't do city planning. I don't know enough about this. So i can't really say that would or wouldn't work but the excuse for giving is that There's just not enough space to massive solar farm so they can't make solar farm so you have to go with something else and they're banking on hydrogen. They wanna make hydrogen fuel cell cars especially toyota and then maybe if that works out they can move hydrogen onto other things. Something i learned about the so the previous one of the first electric cars very popular. Everyone loves the prius because it was the car that started this whole thing because you talked about the emissions doesn't have co two emission. That makes it better. One of the things i learned about. That is the nickel that they were digging up for. The battery came from canada. It hit my news feed. Because i still read canadian news. Every now and then that nickel is strip mined so while they are not creating emissions to create the batteries for the prius the strip mining land. Which is a just different kind of damage to the land that feeds into this story very well. There are currently one hundred and thirty five. Fueling stations that are subsidized by the government..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"One. I talked about olympic. I talked about body shaming japan. And things like that and i personally have just lost a ton of weight because i was sick for a very long time. That's why you need to news. Japan was kinda gone for basically two months just to give you a taste of what it's like. I went back to work and most people were very nice. But i had one woman walk up to me and she said. Where's your baby. Did you have your baby now. I honestly wasn't happy with my body before. I was ninety one kilos. Now he's thinking. I can lose two three kilos of fat and my goal was to get down to eighty eight. That was kind of my goal. I could lose like three kilos of fat. And if i just keep everything else the same i'd be in pretty good shape. I am not an out of shape person. The fact that when you sit down you get your belly out. People made those comments as being steve. She's walked up and said to me. You lost a lot of weight but in a really offensive way. And i didn't get angry. I didn't just didn't like hurt me deeply but it just looks. That's really rude. If you're going to be like that i'm gonna say rude things back to you. And then the person's tone immediately changed because what the realizes they'd annoyed me but also i had made it clear like if you're going to say shitty things to me. I'm going to say she thinks to you. And that's probably the part that actually made them sorta wake up for a moment like i don't want this guy to start making comments on my appearance or saying things about you know the way i look so wanna keep that door closed. This isn't really like an indemnification of that. I'm actually just showing. I'm just trying to demonstrate like in japan. The reality is two days after going back to work. I already started receiving comments on my body and not in a positive way. It's not like oh you've lost a lot of weight. You look really good or things like that. It's it's just the way they're formulating these things like biting jokes or saying mean things But you can tell in their mind they don't feel like they're saying about thing commenting on someone's bodies perfectly acceptable and it sucks and it's one of those things that japan is very slowly. Wake up to eventually. Honestly that takes us. What is gonna wasn't going to be our first story but it is now because it links really well.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"That was the weird part because they've said something. That's particularly hurtful if your conscious of it and i'm actually very conscious of my weight. My hair is never bothered me. If i wanna make japanese people laugh. I make fun of my own hairline. And they all think it's the funniest thing they've ever heard and this to me is like the lowest hanging fruit. This is the easiest thing is like. Hey look my hair's falling out and they'll go. Oh you're getting older. That's funny because you'll die soon. I've had people walk up and actually rub my belly. And like i don't like being touched and they don't sort of understand what the problem is the glue you've gained weight ha ha and they never compliment you if you lose weight if you start looking better so body shaming again you see this on. Tv all the time and they're making fun of the fact that these people are overweight or they're big or whatever and it's very confusing to the western sensibility because this is something that we've essentially done away with now. One of the worst things you can do is respond. Which is quite actually entertaining to see. So i had someone walk up to me and say wow. You've gained a lot of weight in the last year or something. And i just looked at them straight in the face and said yeah so have you and they were shocked and offended and it's it's ironic that they were shocked and offended and they said like i said well. What's the problem you just told me. I gained weight. I'm telling you the same thing. How is that a problem and say well. It's because i'm a woman i'm like. Well you know equality means you get to shame me. I'm going to shame you and i didn't even say anything directly. I said yes so of you. I just agreed with them that we have gained weight together. That's something if you ever come to japan if you have lost hair you should be ready for kids to laugh at you and point if you are a big person..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"So everyone knows what he looks like so everyone knows who this guy is now like they know his face they keep saying his name actually never write it down Because you want to follow up on it and you could just look no mass guy. Japan and i bet he would come now. I'm going to test that later. He was surprisingly non cooperative with police when he was being arrested. They said please put on a mask and he refused and he said. Because i'm the mask refusing guy so now he's actually trying to build an image or brand behind this whole thing that's happened. He's arrested in a questioning him in his statements. I'm sorry he's actually quite awesome. He says i boarded the flight. And then of course. They want more details. What happened on the flight and says please see my blog for the rest of the story. So he's like one step away from being like a podcasters guy who's like us. This is my podcast. I talked about that on my podcast. Again i try not to do that but i fall into it because if i do talk about something i often would rather have. You listened to it. You know recorded and edited than me. Tell you the story. I don't actually enjoy telling stories. But i found that funny. Because he was basically saying to the cops can subscribe while he's being interrogated and i don't have a lot of respect for him i think what he's doing shitty but i do have to say he's at least standing by his principles. I don't agree with his principles but you have to have a little bit of respect for someone who in the face of adversity is still you know taking a stand up. I think this is a dumpster to take but he is absolutely saying. I am not giving up on this one issue. I am the mask refusing guy. And i wanna leave the mask refusing lifestyle. And that's what i'm gonna do and he has been doing it so credit where credit's due. I hope you get arrested.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Last story is very interesting to me. Japan is going to make the world's first would satellite so the idea is that they're gonna put the components inside and make basically a wooden case. Take it up into space throughout because the case is not meddle you can have a similar design because the actual signals. Don't get blocked by metal casing. You don't need antenna and stuff. It could actually just be inside. So basically they're talking about you have a cube a wooden cube in space with all the components inside the wooden cube. It just floats around shooting signals out no problem at all the benefit against simplicity of design but then also when it comes back when serb burns up on reentry it would burn up completely so there would be any chunks that would fall to earth have smashed into the ground. It's would it would burn up really nicely. Nothing actually ends up hitting the ground which is much safer people on the earth. This is something doing right. Now is a proof of concept. So it's not saying it gonna make it is going to work saying we have this idea. We think it's going to work. We're gonna shoot it up and see what happens. That's actually really cool. Proof of concepts are really cool thing to keep track of. They wanted in space by twenty twenty three. So they want one of these wooden satellites in space active by twenty twenty three. And if it works out we're going to be using a lot more would lot less metal for stuff in space just a really neat idea because then you think about all the space junk if you have enough of it you have just like basically wood-pannelling earth quite nice and everyone likes a nice oak. You can tweet questions or comments. An john used japan or joined the facebook group on facebook. Such an engineer's japan. Sexy at hamas the because of the nine binding the kneeled evangelical..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Accidental. So we'd furthest being like you know loving adults consensually making a child. That's the ideal situation but i bet loving adults don't see each other enough to actually bone down and get to work and make some babies so somebody said my podcast to the government of japan. You know and and this is this is true. now. I've given them good advice on how to make babies. I've given them good advice on the lockdown. I've just given given a lot of good advice to criminals but we could ignore that part. That doesn't need to go the government. But if you're in the government you committing crimes maybe you should be listening to because then you know planning's important and that's what we're talking about you have. Babies got a plan to have babies and babies take time. You want to plan a crime. Take time planning Yeah if you want to do anything right. You just need planning time. That's the two elements to make things happen to get that right japanese government. The internet japan has had a lot of news stories because of cyber bullying. There's the story about a famous person from taras house committed suicide at the blaming cyberbullying as the as the cause yahoo. Japan's who's probably accompany you. Don't think about if you live in western countries. Yeah who is still a massive company in japan. It's not really as big in the internet is used to be but still allow japanese. People have yahoo email accounts Yaqoob is still a massive website. Yahoo auctions is one of the biggest connection sites. In japan yahoos. A massive company still in japan. It's still particularly powerful. It's funny when people come to japan to stay long term and they start realizing yahoo. Still a thing here. It's it's honestly a bit confusing. I started asking people. Why do you use yahoo. G meals available g mail being superior. That's not even the great company anymore but back then it was. they couldn't answer was just. They'd used yahoo their whole life. Which is not too different from google. They just use google their whole life so as you do now yahoo japan though is trying to do something about hateful posts on the internet didn't say specifically where those posts are because it's not going to have control over twitter which is where the actual controversy took place they're gonna use. Ai to hunt down cyber bullying posts or hateful posts in. Delete them automatically..
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Which again. I think people the first thing that are going to do try to push the boundaries but i think was really going to happen to can make port anyways Put their name on. It can be really hard for you to catch them. But if you want to make neon genesis. Evangeline fen are the company is saying. You're absolutely welcome to do that. We will not sue you just know commercialism nor racism nothing too grotesque and no porn. And you can do it with peace of mind. Niyad vange elegant gun control hot issue in the world's america everyone else's kind of figured it out. Most i actually don't know about that. Many countries canada has significant gun control. Despite having more guns per capita than the united states it's mostly hunters who all have like fifty sixty different hunting rifles. Each australia has guns. Japan has no guns. Japan has knife control. You've actually talked about before. They have the firearms and swords control. Act which is crazy that swords in there but you know swords or significant cultural thing. You have to have a permit to have a sort. Even if it's just like ceremonial sits in your shelf or something. You need a permit for it. There have been a couple of stories. Over the last year i have mentioned crossbows before. But that's only when people did not die there have been a couple of actual murders involving crossbows because right now. You don't need a permit to by christmas. You've had at least four deaths over the last year. There were four people killed in june alone so the government is now thinking of introducing a permit system for crossbows so essentially. We've moved to gun control knife control in crossbow. Control right now. It's not covered under the firearms and swords. Act since been killed. The government's like now can't have that so. The article had some interesting sort of statistics from january. Twenty ten to june twenty twenty. There were twenty three incidences of crossbows being used They have restrictions on arrogance. Now there are eighteen causes for disqualification. They didn't actually list those in the newspaper articles those reading. But i'm actually gonna look up because it's really interesting. What would disqualify you from having an arrogant. They're saying if we make the same restrictions for crossbows sixty five percents of those twenty-three incidences previously mentioned from january twenty ten to june. Twenty twenty would have been disqualified so sixty five percent of those people would not have been able to get a crossbow so they can't get a crossbow. The likelihood of those incidences would go down significantly so while america is talking about whether or not a are fifteen. Should be legal. Japan is already like a couple of people have died because crossbows are available at all. We're now going to make it harder for everyone to get a crossbow. And the number of crossbow. Deaths in murders or injuries involving crossbows. I guarantee that number's going to go down. Which when people say like gun control stuff doesn't work japan a really good example The problem is getting americans to turn in their guns or give up their guns. That is actually the issue. They have in america not gun control. It's getting control of.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Not do that but at the same time least you wouldn't get charged with kidnapping so i'm wondering how this is going to be prosecuted. Or if it's going to get prosecuted all because he has done the crime he has admitted to the crime but it seems like the crime -cluded having no desired actually harm anyone or anything. I guess the stress part of the parents more than anything else. The three twenty five. Am yes even even like everyone should know to get a kid back home before. Three twenty five am so. I guess if he'd said come to place play video games go home for dinner and they do that pattern. Like it's weird and creepy and stuff but you probably wouldn't end up going to prison for kidnapping. Which is the problem here. I'm gonna look for a follow up on that talking about follow ups You may remember. I did a bit of a diatribe about how this manga guy so he wrote a mango and then he was running a bicycle and he grabbed some girl while riding his bicycle to give him a three year sentence for this assault. Absolutely should his lawyer said that he'd already been punished by society because his mangum had been cancelled. I was like that's bullshit. Anyone who has a job who commits assault and goes to prison loses their job so that's a relevant to the case. The judge in japan apparently disagreed with me. I don't know. I guess he was punished enough because he's actually going to get a three year suspended sentence which means he's on parole if he breaks parole over the next three years. He's gonna have to do one year and six months in prison to even if he goes out and does something bad again. He's still not going to have to serve a full three year sentence which is absolute bullshit. I don't why this really bugs me. And i think it's because he's seems to be getting special treatment of this might be completely normal there are lots of assaults.
Ninja News Japan
"japan" Discussed on Ninja News Japan
"Party with thirty people he was seventy years old so he is the prime demographic for the worst possible outcome if he catch corona he supposed to be setting an example for the country. This is one of the reasons. The country doesn't take stuff seriously. If you have people going out who are telling you you guys got to stay home. But i'm gonna go out drinking even though I am you know. Worst case scenario actually catch corona virus. Well how you supposed take what they say seriously. That's why a lot of people are going out like the government actually leads by example. Even if they don't want to the whole what i say not what. I do think that actually doesn't work. See what you do. And they're going to do that thing. The irony here is he got so drunk. He fell down hurt himself and he ended up in hospital so he doesn't have corona virus but he is taking the bed of someone who could actually use it who maybe does have corona virus. But not only did he. Like flaunt the rules. He's trying to enforce as government leader. He also embarrassed himself by getting so drunk he fell down hurt himself in a hospital bed. Now were january. January second tokyo is thinking about creating a state of emergency again. I wish they absolutely should. Because the the a number of cases of skyrocketed when this gets release can be january fourth. Now the government. This morning has talked about once again. Declaring a state of emergency so we have essentially in ten days. Gone from honor. everything's cool. We're not going to need a state of emergency at all to f- geez we might have a state of emergency because we've let us go too long. We haven't taken care of it and we're going to completely reverse our position. We screwed this up and that is how japan has handled the pandemic which is why the pandemic is still going on. Because i look at new zealand. I think absolutely i land nation japan have done the exact same thing and they could be in the same situation. We could be done by now but happy new year. Stay safe but going into the new year. Didn't really want to start out this negativity on the on the first episode back in the new year. But i didn't enjoy keeping track of the.