40 Burst results for "July"
Blue Collar Bitcoin Podcast
A highlight from BCB129_DOM BEI: Bitcoin Empowering The Everyday Earner
"To the conservative saver, I found, hey, do you own anything outside of that fiat system? Do you own, like, what is it? You know, do you own something out there? Well, they might say, well, I have gold. No, no, no, no. Gold is not outside of the fiat system. It's also very much entrenched within it. You can look into gold and even gold, gold bugs will tell you that there is some insulation, but it's very much entrenched. What do you own outside of that system? And the best thing outside of that system is Bitcoin. It's not even debatable. This is the Blue Collar Bitcoin Podcast, a show where Average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance and we talk shit. Thanks for choosing to spend time with two degenerate firemen. In this rip, we're adding a third, Mr. Dom Bay's third appearance on our show. Dom is the king of underselling and overperforming, and this outing is no different. He is equally adept at hitting the high points of philosophical ideating as he is comfortable with a solid joke about someone losing a finger with a Coke fingernail on it. We are slated to join Dom in the Swan Dome at Pacific Bitcoin this Friday at 3 p .m. If you're going to be at Pacific Bitcoin, we suggest you be there. Dom is taking no prisoners in his persuasion tactics to pack that place. The fact that they are going to allow the three of us free reign on stage with no supervision is both brave and short -sighted. It's fortunate for us that this is happening later on the second day. We will get to experience at least most of the conference before they toss us out. We hope to see you there. If you can't make it to Pacific Bitcoin, don't forget about a couple of other upcoming events in the pipeline. Those being Bitcoin Amsterdam later this month and Bitcoin 2024 in Nashville next July. You can use coupon code BCB to get 10 % off either event. As always, a gentle reminder to get your Bitcoin off of exchanges. Get those sats tucked away into cold storage using a cold card Mark IV. The cold card is the most secure place us non -programming mortals can hope to place our Bitcoin. To be honest, even if you are an expert, you should be using a cold card. This code base has been combed over for years and is much more secure than any do -it -yourself setup. If you want to keep yourself from getting rugged by an exchange, and you want to secure your Bitcoin from attack, get that Bitcoin onto a cold card, pronto.
News, Traffic and Weather
Fresh update on "july" discussed on News, Traffic and Weather
"An absolute pleasure and we just feel like we're driving around a ticking time bomb anymore the truck feels great and it runs free and i want to thank you thank you doing our purpose when we help guys like you get the vehicle to work and work correctly plateau diesel for mentioning the clock call eight four four six plateau diesel dot com news radio 1000 fm 977 your information station former president trump shows up for day two of his trial for financial fraud and earns the ire of the the judge abc's erin kotorski reports from new york with the former president of the united states seated right in front of judge him arthur and goren slapped a partial gag order on donald trump forbidding him from publicly attacking court staff it came hours after trump slammed the judge's clerk on social media the judge raged ordering trump to delete the post telling him personal attacks on members of my court staff are unacceptable and it inappropriate was the second time today the judge issued a warning to trump earlier rejecting his defense that the state's fraud claims are too old to take to trial the statute of limitations is a very real thing in this country but the judge said he determined months ago the case could go forward cautioning to trump's lawyers this trial is not an opportunity to relitigate what i have already decided judge engoran has already ruled the former president committed fraud by grossly inflating his wealth over valuing his properties to obtain better interest rates from banks trump said his seven springs compound in westchester county was worth 261 million dollars when in fact multiple appraisals valued it at no more than 30 million trump said his penthouse in trump tower was worth 327 million its actual value more than 200 million dollars less the judge also said trump boosted the values of seven golf clubs by 15 to 30 percent because of what he called a brand premium on the name trump the former president denying it all he didn't have to come to court today but he showed up again coming out to talk to reporters several times mr president why did you decide to come you didn't have to trump says he's coming back for more tomorrow and he'll have to return sometime later when he's called to testify as a witness his attorney's never even tried to get the case before a jury so the outcome is going to be up to the trump angered today president biden's son hunter faces a judge pleading not guilty to federal arms charges abc's terry moran has more today a moment of truth for hunter biden striding courthouse into the in wilmington delaware to be arraigned on federal gun charges the president's son nodding as as the judge explained the charges and his constitutional rights and answering yes your honor when asked if he understood at it all and then his lawyer entering the plea on his client's behalf not guilty biden is accused of unlawful possession of a gun by an illegal drug user and lying about his drug use on a background check form when he bought a revolver in 2018 a time when he has acknowledged he was addicted to drugs the judge set the terms for pretrial release including random drug testing which the judge noted hunter biden had already been doing and passing he must also remain alcohol -free then after less than 30 minutes the son left an almost routine proceeding in stark contrast to his chaotic appearance here in july when when the complex plea deal his lawyers had worked out with prosecutors collapsed under questioning from the judge tonight his lawyer issuing a statement declaring these charges are the result of political pressure from president president trump and his maga allies hunter biden's lawyer also says he will challenge these gun charges on the of basis a supreme court ruling last year that dramatically expanded the rights of gun owners ruling that president sharply congressman criticized henry quayor is shaken up but okay after a carjacking that happened last last night about thirty feet from the front door of his washington d .c. home as i got out of the car three guys ran up up to me uh i looked to the left one had a gun i looked to the right another one had a gun pointed at me they stole his car his phone and his sushi dinner the texas democrat says they had no idea who he was everything including the car has now been recovered the suspects are still on the run quayor praised police for their quick quirk and that's why he backs date on news radio one thousand fm ninety seven seven concerns that u .s. interest rates could stay elevated for a while wait on stocks today wall street suffering a broad and sharp sell -off the s &p five hundred slid fifty nine points the down industrial skidded four hundred thirty one and the tech heavy nazdak composite plunge two hundred forty eight or one point nine percent fresh data from the bureau of labor statistics show that the number of u .s. job openings soared unexpectedly by nearly seven hundred thousand in august to more than nine point six million investors are fearful that battle signal to the federal reserve that the economy was still running too hot perhaps necessitating even higher interest rates to slow it down that's your money now in a few days as west maui officially reopens to tourists on the two -month mark since the deadly wildfire in august but he sees alex stone says some on the island say they are not ready it's a growing controversy on maui on on sunday the date has been set for west maui to reopen to visitors including a row of giant resorts in poly many on the island say finally it's time they need the money to flow in and to get back to work others are angry saying it's too soon like this community leader money is not the only thing to us right now it's it's our mental health well and it's -being that is being be putting jeopardy by opening west maui again there is now an increasing call to delay the reopening to tourists alex stone abc news a better than expected jobs picture abc sherry preston with more on the numbers and what it could mean for future interest rate hikes american employers posted nine and a half million job openings in august up from just under nine million in the july the labor department says a number of people laid off from jobs and those quitting were both about the same as july even though those numbers have been expected to go up a little all that data will be used by the federal reserve when it meets later this month the fed trying to cool off the employment picture and inflation before trying to drop interest rates anytime soon foreign policy chief will try to get members to donate over five billion dollars and aid to ukraine next year these are your world headlines from abc news at a european meeting in key despite some alliance fatigue the eu high representative for foreign affairs joseph barrell believes hope that we can reach an agreement before the end of the the year when we have to agree member states have to agree on the modern and the review of the multi -annual national framework that total if secured would go to things like training soldiers and fighter pilots and cyber defense a typhoon traveling westward from the pacific is strengthening as it moves toward one suspected to make landfall thursday and britain's treasury chief has announced a hike in the national minimum wage the governing conservative party tries to persuade voters it's on the side of those who are struggling financially i'm tom rivers at the abc news foreign desk in london and and tiger mountain highway
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
Crypto Curious
Fresh update on "july" discussed on Crypto Curious
"OK, here's one that Craig would have loved. His favourite Pudgy Penguins, NFTs, are what are battling their way into 2000 Walmart locations in real life toys. These ones are Pudgy Penguins has announced the rollout of these NFT based toys across these locations. First debuted on Amazon. We told you about these maybe three or four months ago. So these guys have really gone hard with this whole IP NFT brand. And they're the first ones to have done this, really pushing this toy one hard. So well done to the Pudgy Penguins and anyone who has held on to those NFTs. It's a pretty big move, really, because we see, you know, traditional brands moving in and supporting their products with NFTs. Now we're seeing, you know, some of these more successful NFT projects move the other way, the other way. So, you know, a bit of news this week on swimming upstream. Yeah, I like it. Waddling upstream. All right, next up, MoneyGram unveils a non-custodial wallet to bridge the worlds of crypto and fiat currency. So MoneyGram's a global remittance provider. People use it every day to send money across borders, particularly those that, you know, have limited access to the banking network. They are traditionally expensive, but of course, cryptocurrency is prime for disrupting remittance. So I think it's a pretty strong move. Instead of fighting the innovation, they're going with the flow and they're building products and services that leverage the technology. So good on them. And it's probably going to result in them not being disrupted. Next up, Chainlink has had a few pumps recently and they've expanded their cross-link interoperability to base this time. I think they recently did it to Optimism and before that Arbitrum. So they're going across to every one at the moment. This move is another step in Chainlink's plan to boost blockchain inoperability and utilisation. Chainlink debuted their CCIP this July and this year so far have integrated with Ethereum, Avalanche, Polygon, Arbitrum and Optimism. So that's some big moves for Chainlink.
The Breakdown
A highlight from The Sam Bankman-Fried Trial Begins - Everything You Need to Know
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on guys? It is Tuesday, October 3rd. The SBF trial has begun. This is all the background that you need to know. Of course, before we get into all of that. If you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello Breakers. As you can imagine, this is a fairly weird time for me. A year ago at this time, I was deep in the midst of planning FTX's second Super Bowl ad. And yet a month later, I had resigned, the company had declared bankruptcy, and the world had discovered a rotten core of fraud around Sam and his closest consigliaries. Now, I did a very long episode about the experience of the week of the collapse from the inside last November 14th. It was called Sam Bankman Fraud to give you a sense of how I felt about it. Since then, I've been covering the FTX bankruptcy and Sam's legal battles as I would any other crypto story. In other words, just part of the necessary cleanup of the last cycle, but ultimately something that is hopefully for the past and not for the future. When it comes to the trial, I've spent a long time deciding about how to approach it. The reality is, for the next five or six weeks or however long this takes, this is going to drown out a lot of other things that are happening in the space. I have to imagine that most products will choose not to launch during this time for fear of being outshined because everyone is just laser focused on this. The question then of course is how much time to give it. Is there a risk of over focusing on it? You bet. It's going to have lots of drama. But does it need to be covered? I think that the answer is also ultimately yes. This is something that has to get concluded for the industry to fully move on. It is in many ways an exorcism that just has to be done. And on top of that, I think that this trial and everything that surrounds it will have some impact in shaping how much the external world sees the crypto space as itself inherently fraudulent versus Sam as specifically fraudulent. So how is the breakdown going to cover this? Well, I talked to a lot of you listeners and the general request mirrored my own thoughts, which is to every few days do an update, sometimes with a guest discussion. This won't be then an everyday thing. At least there won't be some big feature every day. But you will get all the salient details as they come up. And with that in mind, I thought it would be valuable to try to create a bit of a definitive primer, something that if you haven't been paying attention at all, if you were barely watching last year, you could pick up and listen to and feel pretty well prepared to get into what you're going to see over the coming weeks. What that means is that today we're going to go over the charges, the rough timeline of events, the key witnesses, what we expect from the defense, the latest procedural news and info from the bankruptcy and the trial schedule. I don't think we'll have time to get into people's very strong feelings about Michael Lewis's book that just came out, but I imagine that that will be on the docket for later this week as well. However, where we begin is with the charges of which Sam faces seven. Those include two charges of wire fraud, two charges of conspiracy to commit wire fraud, as well as charges of securities fraud, commodities fraud and money laundering. More generally, Sam is accused of fraudulently dealing with customer funds in a multitude of ways. The most damning allegation, and the one prosecutors will likely focus on establishing, is that Sam knowingly diverted customer funds to FTX -affiliated hedge fund Alameda Research. Alameda, of course, served as the primary market maker on FTX. Now, FTX is widely understood not to have been able to obtain bank accounts, and so in many cases used accounts held by Alameda Research to receive funds from customers. The thing that prosecutors will seek to demonstrate is that Alameda not only held customer funds, but that it racked up billions of dollars in debt to FTX, which it could not repay. Evidence has been put forward that Alameda did not have the same risk controls as other entities when it traded on FTX, and that the lack of limits allowed Alameda to continue to operate while carrying a large negative cash balance. To put a fine point on it, the prosecution will allege that this large negative cash balance represented improperly using customer funds to trade and lose on the exchange. Now of course, Alameda had a significant balance sheet of assets held against this negative cash balance, but these assets were crypto tokens largely created by Sam and FTX. They were far too illiquid to realize it anywhere close to their full book value. The SEC summarized the allegations in their separate lawsuit by stating that Sam, Put more simply by Bloomberg's Matt Levine in an article published yesterday, It was pretty much entirely because Alameda had lost it. Now the key to proving these allegations will be establishing that Sam was aware of this financial artifice being run using Alameda. Fraud isn't fraud if it was caused by a mistake or an oversight. Prosecutors will need to show that Sam was either aware of the fraud or willfully blind to it. As the judge put it during a hearing last week, Now let's move on to the timeline of events. Much of the DOJ's case will center around the fateful final weeks as the FTX empire came crashing down. The beginning of the end came on November 2nd when Coindesk's Ian Allison published an expose on the Alameda balance sheet. There had been some rumors of trouble at Alameda prior to that, but with a partial copy of the balance sheet, this piece of reporting blew the lid off the situation. TLDR, what the balance sheet showed was that a huge portion of Alameda's holdings, the were pretty illiquid tokens and in particular, the native exchange token of FTX, FTT. Now in terms of a huge portion of their assets being in FTT, there were also a bunch of other Sam coins from DeFi projects that barely got off the ground, which in some cases had Alameda representing up to 95 % of the overall token supply. According to the Financial Times, just $900 million in assets on this balance sheet could be easily sold. The next major event was the very public sparring between Binance CEO CZ and Sam. Binance had been an early investor in FTX, but at that time had been bought out of their stake for $2 .1 billion. That repurchase, a theoretically pretty good return on an $80 million investment, had been paid out in a mix of stablecoins and FTT tokens. On the Sunday following the Coindesk article, CZ tweeted that quote, Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books. He said the firm would attempt to do so in a way that quote, minimizes market impact over the next few months. But of course, when you have CZ, the single biggest player in the industry, saying dump FTT and run for the hills, guess what happened next? Within the hour, Carolyn Ellison absolutely pissed gasoline all over the situation. She had taken over as sole Alameda CEO just a couple months prior and tweeted to CZ quote, If you're looking to minimize the market impact of your FTT sales, Alameda will happily buy it all from you today at $22. The market immediately plunged, with FTT's price being very visibly defended against Throughout the week before, FTT had traded around $25 and a market cap of $3 billion. By Tuesday night, with Alameda's traders and balance sheet exhausted, the token settled at $5 and FTX closed withdrawals. Now like I said, I gave my account of being on the inside. And while Tuesday when FTX closed withdrawals was clearly a final moment in the coffin for many of us inside, for me when it was clear that something very nefarious had gone on was on Monday, when I started getting hit up by other friends outside of FTX in the industry who were asking if I had heard anything about an FTX emergency fundraising round. Now of course, as an exchange that was supposed to be fully backed and given Sam's recent statements to the team that we had around $2 billion in cash and liquid assets thanks to trading revenue as well as recent fundraising, the only way in the world that we would need an emergency fundraising round was if Sam had been using FTX customer funds for purposes other than sitting on FTX's books waiting for those customers to reclaim those funds. Anyway, in the middle of that week after withdrawals were closed, there was also a weird sham sale announced to Binance, which they very quickly backed out of. And by Friday, with most FTX staffers having already fled the Bahamas, Sam finally capitulated to bankruptcy. Now to this day, Sam claims that he was forced by external lawyers to place the FTX empire into bankruptcy and appears to continue to be holding onto the idea that the exchange could have raised an emergency fundraising round to make customers whole. For most people, that might be where the event ended, but not so much for Sam. What followed was a bizarre string of press interviews, an incredibly disjointed Twitter thread, and basically an odd media tour that attempted to paint Sam as a wayward and naive CEO in over his head rather than a perpetrator of criminal fraud. This tour was capped off by a live broadcast interview with Andrew Ross Sorkin of the New York Times on November 30th. During that sprawling interview, Sam claimed that he, quote, didn't ever try to commit fraud on anyone. Authorities disagreed, and on December 12th, Sam was arrested in the Bahamas at the request of the US government. Although initially defiant, Sam ultimately agreed to be extradited to face charges and was released on bail. Once again, for any normal person, that might be the end of the story until we get to trial, but not for Sam. Although he was confined to his parents' house in California, Sam managed to continuously test the boundaries of his bail conditions. February, Sam was hauled before the judge on allegations that he had used encrypted messaging apps to contact the General Counsel of FTX US as well as using a VPN, which Sam claimed was just to watch NFL games. To the former General Counsel of FTX US, Sam had reached out to see if it was possible to, quote, have a constructive relationship, use each other as resources when possible, or at least vet things with each other. The DOJ characterized this communication as an attempt to taint a potential witness. At that point, the judge decided not to revoke Sam's bail, but instead expressly forbid Sam from using encrypted messaging apps and VPNs. And yet, in July, Sam stepped over the line once again by leaking the private journal of Carolyn Ellison to the New York Times. The judge agreed that providing this material to journalists was, at best, an attempt to embarrass Ellison, if not a brazen attempt to intimidate her and discredit her in the public eye. During the course of that hearing, it was uncovered that Sam had held more than 1 ,000 phone calls with journalists, including over 100 with the New York Times reporter who published the story. And thus, by early August, Sam had his bail revoked and was locked up at the Brooklyn Metropolitan Detention Center to await his trial. Since then, it's basically just been a never -ending set of appeals to try to get Sam out of jail, but alas, jail is where he remains. Next up, let's talk witnesses. What became clear quite fast was that there was a cohort of around four people, including Sam, that seemed to know about the extra special privileges that Alameda enjoyed and the fact that for all intents and purposes, customer funds on FTX were just used as a slush fund for their hedge fund traders. And it turns out that while Sam was still in the air being extradited from the Bahamas, multiple FTX executives were revealed to be collaborating witnesses. Of those, Carolyn Ellison is the one likely to get the most attention. As well as being the CEO of Alameda, Ellison was also Sam's former girlfriend. The couple split prior to the collapse of FTX and there will no doubt be extensive cross -examination which questions Ellison's motives in giving evidence against Sam. Although Ellison was only at the helm of Alameda for a little over two months, recent reporting describes her as essentially in charge of the trading firm for much longer, at least as much as anyone could be in charge of the firm relative to Sam himself. Nominally, Ellison and Sam Trabuco, another Sam in this story, had been appointed co -CEOs of the firm in October of 2021 when SPF stepped away from the role. However, Trabuco had recently been described as almost entirely checked out at that point, leaving Ellison in charge of day -to -day operations. Ellison is expected to give evidence regarding the inner workings of FTX and has acknowledged that she knew about the hole in Alameda's balance sheet prior to the collapse of the exchange. Nishad Singh and Gary Wang are the other two executives known to be cooperating with prosecutors. Singh acted as engineering director while Wang was the exchange's CTO and co -founder. These two basically built all of FTX from the ground up, so anything going on with the codebase is basically going to be mostly just their work. Nishad is expected to give a first -hand account of how the Alameda backdoor was enabled in the code. Nishad was reportedly extremely distressed and wracked with guilt during the final weeks at FTX and was confrontational with Sam during that time. Gary was one of the last employees left in the Bahamas as the exchange collapsed and famously coded almost the entire platform by himself. Some have speculated about how he will be as a witness given that he is notoriously quiet. Now, each of these three key witnesses have already pleaded guilty to criminal fraud charges and have agreed to testify in exchange for a lighter sentence. Prosecutors will need to demonstrate that each one is presenting an honest account of events rather than merely throwing Sam under the bus to save themselves. There are also complicated personal relationships between each of these executives and Sam, which could be used by the defense. All three cohabitated with Sam in a Bahamas penthouse and were some of Sam's closest friends as well as employees. To give an indication of how hostile cross -examination could become, last week a DOJ motion to prevent the defense from asking questions about recreational drug use was denied. The defense will need to provide notice to the court before asking witnesses about their drug use, but the subject was not ruled to be out of bounds. Another FTX executive who has pleaded guilty to criminal charges is Ryan Salem, who served as CEO of FTX Digital Markets. FTX Digital Markets was the operating company for the Bahamas. Now, Salem was particularly involved in the political campaign side of things for Sam and was charged with violations of campaign financing law in relation to making straw donations to politicians on Sam's direction as well as operating an unlicensed money -transmitting business. Unlike the other three, Salem is not cooperating with prosecutors as part of his plea deal, but could be called to testify as a non -cooperating witness. Alameda co -CEO Sam Trabuco has not been heard from since he stepped away from the company last August. He has not been disclosed as a witness and has not been charged at this stage. The DOJ has also flagged that they have at least two additional witnesses set to testify under a grant of immunity but have not publicly identified them at this stage. By and large, speculation about who those witnesses might be include not only Trabuco who we just mentioned, but Daniel Friedberg who served as FTX's chief compliance officer and who had formerly been implicated in a major online poker scandal, and Constance Wang who was FTX's COO and was described as Sam's right hand during fundraising efforts. Now in addition to FTX executives, the DOJ will also call multiple customers and investors to give brief testimony. Prosecutors have flagged that they will call upon retail customers who traded tens of thousands of dollars on the platform, as well as institutional clients who traded millions of dollars. The high range could imply notable industry figures will make an appearance on the witness stand. Several high profile market makers are listed as top creditors of FTX and are no doubt none too happy about their funds being locked up in the bankruptcy process. Both customers and investors are intended to present their understanding of the FTX terms of service and representations made about the use of customer funds, which could be crucial in refuting possible defenses. Which indeed brings us to that section of this primer, what are the defense strategies that Sam might try to employ? SPF's legal team have flagged a few potential arguments. In a filing on Monday, they sought clarification on a few issues they may wish to present. The filing asked whether the defense could argue that FTX International was not regulated in the US and therefore did not have to follow applicable rules. They also asked whether Sam could discuss the likelihood that creditors could see massive returns from the bankruptcy process. Still, the primary defense expected from SPF relates to instructions from legal counsel. In August, SPF's team flagged a plan to argue that he relied on advice from both in -house attorneys as well as lawyers from Fenwick and West in basically all elements of FTX's operation. Sam sought to introduce advice from lawyers on topics ranging from his use of self -deleting messages, unconventional banking relationships, and intercompany financial arrangements. The DOJ objected to this defense, claiming that not enough detail had been provided, but the judge reserved their decision on this point until later in the trial. The judge said that they would make rulings on individual advice of counsel arguments on a case -by -case basis as they come up. Outside of what indications we've gotten from Sam's team, the industry and the wider world at large have had no problem speculating about how he might defend himself as well. Bloomberg's Matt Levine paraphrased his view of a likely defense as The crypto market crashed, there was a run on the bank, and the run on the bank is what evaporated the customer's money. It was an accident, perhaps a careless accident but not theft. Certainly, in media commentary, SPF has been focused on the bank run, rather than the hole in Alameda's balance sheet as the cause of FTX's collapse. Now, of course, there are some obvious issues with that defense, particularly if witnesses establish that Alameda had effectively commandeered customer funds in contravention of the exchange's terms of service. Another plank of Sam's defense will likely be to rely on prosecutors being unable to In a New Yorker article published last month, the journalist wrote, Going back to his article, Matt Levine again sketched out a plausible way that Sam could brush off an $8 billion balance sheet hole as a careless oversight rather than willful fraud. He suggested Sam could claim he thought FTX had so much money that $8 billion was a rounding error. From Levine's back of the napkin math, at its height, FTX had somewhere approaching $100 billion in crypto assets on its books. Finally, it's also expected that Sam will seek to blame Caroline for mismanaging Alameda. The publication of excerpts from Caroline's journal was an attempt to paint her as a naive child way out of her depths, and some of Sam's leaked writings also showed a belief that Alameda had failed to hedge correctly, as if that was the main issue here. Now, one thing that's important to note is that when considering defenses, SPF does not need to prove his innocence. He only needs to introduce a shred of doubt in the minds of the jury. To convict, the 12 jurors must be convinced beyond a reasonable doubt that Sam is guilty and reach a unanimous decision. Prosecutors often fail to get their cases over the line due to being unable to entirely convince each juror of the defendant's guilt. This can be even more of a difficulty when the case involves complicated financial crime which can be difficult to fully understand. And yet, many commentators are convinced that the case is damning. Daniel C. Silva, a former prosecutor who participated in the BitConnect case, said, Now, in terms of the latest from the bankruptcy, as the trial gets underway, the FTX bankruptcy process is entering its 10th month and has had no shortage of intrigue. The current focus has been on pursuing clawbacks from people and organizations that had been, in the estimation of the bankruptcy estate, unjustly enriched by FTX. On the very top of that list are Sam's parents, Joseph Bankman and Barbara Fried. Two weeks ago, the estate sued Bankman and Fried, claiming that they had received over $26 million in gifts from FTX, including a luxury property in the Bahamas. The lawsuit alleges that Bankman was intimately involved in the operations at FTX and used his position to enrich himself. You may have seen the now -famous email where he tried to raise his salary to a million dollars by threatening to involve Sam's mother. Now, speaking of Sam's mother, Barbara Fried is alleged to have directed political donation efforts at FTX. This instructing included Sam on how to structure donations to avoid donation limits. She is also alleged to have knowledge of loans made to FTX executives, which were then used to fund election campaigns. All in all, the lawsuit alleged that the pair, quote, Now, for their part, Sam's parents immediately hit back at the lawsuit through lawyers saying, A last note on the bankruptcy, while current FTX CEO John J. Wray has no doubt been cooperating with prosecutors in providing internal documents, he is not currently expected to testify as a witness. Now, in terms of the latest trial procedural stuff and timeline, today was technically the first day of the trial with jury selection the goal. Both sides have alleged the other is attempting to bias the jury pool. The DOJ claimed that Sam's questions for the jury about effective altruism, political donations and ADHD are intended to paint him in a sympathetic light. In particular, prosecutors are concerned that asking about charitable and political donations could improperly introduce the idea that Sam's actions were justified outside of evidence. The defense, meanwhile, have complained that the DOJ are treating Sam's fraud as an established fact in their jury questioning by omitting the word allegedly. They also claim a question about being stopped or questioned by the police is intended to racially filter the jury in a manner irrelevant to the case. Last week, as I intimated before, SPF placed a last minute appeal to be released from jail for the duration of the trial. Sam's team claimed that his incarceration would be an unreasonable barrier to adequately preparing for each day's hearing. Unfortunately for him, the judge found this argument insufficiently convincing and stated that they consider Sam to be a flight risk. They said, Sam was granted some concessions to be allowed to meet with his lawyers early at the courthouse each day, as well as during jail visiting on off days. Now, while a decision is yet to be made on exactly how Sam can introduce the concept that he relied on the advice of lawyers, limits were placed on what can be said during the defense's opening arguments. Specifically, Sam's lawyers have been prohibited from mentioning any advice of counsel arguments while presenting their case. The judge ruled that this argument may confuse or prejudice a jury when presented without specifics and evidence. The trial is currently scheduled to take six weeks. Jury selection is expected to be completed by the end of today's hearing, although before I was recording this, there were some indications that it might go into tomorrow morning as well. In either case, tomorrow we will likely see the beginnings of opening arguments. After that, the prosecution will present its case and call its witnesses. The DOJ has estimated their case will take four to five weeks. The defense will then have an opportunity to present their case, which they have estimated will be much shorter, taking around a week and a half. Now, the defense is not compelled to present a case and can simply choose not to if they are confident the charges have not been proven. We don't yet have any indication of whether SPF will speak in his own defense. Traditional legal strategy suggests that defendants should never take to the witness stand to avoid giving prosecutors an opportunity to cross -examine them. However, this is no ordinary trial and SPF is no ordinary defendant. Judging from how extensively Sam has defended himself in the media, I would not be surprised if his lawyers have a tough time keeping him out of the witness box. Hearings will be held four days a week with a short break after three weeks. If the trial takes longer than six weeks, it will be extended, but the consensus seems to be that it will be all over by Thanksgiving. And won't that be something to be thankful for? Now, even if Sam escapes a guilty verdict, his legal troubles will continue well into next year. The DOJ will present additional charges related to bribery of Chinese officials, as well as political donation violations during a second criminal trial, which is scheduled for March. Sam will also face civil lawsuits from the SEC and the CFTC after the first criminal trial is concluded. Beyond that, there's still the possibilities of lawsuits from the FTX bankruptcy estate, as well as from former customers and investors. So my friends, that is the lay of the land. That is what we are going into. Like I said at the top, for me, the most interesting thing, the thing that I will be watching most closely, is actually the meta -narrative analysis around this. I want to know how much, especially mainstream media looks at this and treats this like what it is, which is Sam Bankman -Fried going on trial, versus what I fear it might become, which is the entire crypto industry being put on trial. But in any event, this truly is a scenario where the only way out is through. So get on your boots, friends, because we are getting into the muck. Until next time, be safe and take care of each other. Peace.
Blue Collar Bitcoin Podcast
Fresh update on "july" discussed on Blue Collar Bitcoin Podcast
"To the conservative saver, I found, hey, do you own anything outside of that fiat system? Do you own, like, what is it? You know, do you own something out there? Well, they might say, well, I have gold. No, no, no, no. Gold is not outside of the fiat system. It's also very much entrenched within it. You can look into gold and even gold, gold bugs will tell you that there is some insulation, but it's very much entrenched. What do you own outside of that system? And the best thing outside of that system is Bitcoin. It's not even debatable. This is the Blue Collar Bitcoin Podcast, a show where Average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance and we talk shit. Thanks for choosing to spend time with two degenerate firemen. In this rip, we're adding a third, Mr. Dom Bay's third appearance on our show. Dom is the king of underselling and overperforming, and this outing is no different. He is equally adept at hitting the high points of philosophical ideating as he is comfortable with a solid joke about someone losing a finger with a Coke fingernail on it. We are slated to join Dom in the Swan Dome at Pacific Bitcoin this Friday at 3 p.m. If you're going to be at Pacific Bitcoin, we suggest you be there. Dom is taking no prisoners in his persuasion tactics to pack that place. The fact that they are going to allow the three of us free reign on stage with no supervision is both brave and short-sighted. It's fortunate for us that this is happening later on the second day. We will get to experience at least most of the conference before they toss us out. We hope to see you there. If you can't make it to Pacific Bitcoin, don't forget about a couple of other upcoming events in the pipeline. Those being Bitcoin Amsterdam later this month and Bitcoin 2024 in Nashville next July. You can use coupon code BCB to get 10% off either event. As always, a gentle reminder to get your Bitcoin off of exchanges. Get those sats tucked away into cold storage using a cold card Mark IV. The cold card is the most secure place us non-programming mortals can hope to place our Bitcoin. To be honest, even if you are an expert, you should be using a cold card. This code base has been combed over for years and is much more secure than any do-it-yourself setup. If you want to keep yourself from getting rugged by an exchange, and you want to secure your Bitcoin from attack, get that Bitcoin onto a cold card, pronto.
Tech Path Crypto
A highlight from 1274. Shutdown Delayed, Uptober Begins | Crypto Market Outlook
"All right, so here we are. It is October, October. You get the message here. We're going to dive into that today and find out if Bitcoin and some of these great crypto assets are actually on the move or we're going to get a correction here. We'll break it all down for you guys today. My name is Paul Bearer and welcome back in to Tech Path. All right, let's jump into it. Before we get started, let's go over to iTrust Capital. If you guys are looking at doing some long -term holding on your crypto assets, one of the ways you can do it is through a crypto IRA. So check it out right here, itrustcapital .com. It's the number one crypto IRA platform in America right now, $7 billion in transactions, 200 ,000 accounts created. Definitely, they are killing it over there. Use our link down below. It's going to give you a $100 funding reward. And of course, we get a little help from iTrust to help you guys continue to see this content for free. So that's one of the ways you can help us out. All right, let's get into a couple of the notes today and really kind of talk about where and what has been happening over the weekend. Obviously, Bitcoin's been up. Most of the top 20 have been up. And for the most part, we've even seen some of the Web3 projects also get some good positive action. So what's causing that? Obviously, the biggest issue was the, I guess, the scenario that played out right now over the weekend where we actually came to an agreement, somewhat of an agreement, to not shut the government down, which is always helpful. Kobe Easey comes in and says, breaking Senate vote approved the short -term funding bill to keep the U .S. government open till November 17th. Not bad, 45 days away. This bill includes $16 billion in disaster funding and keeps the U .S. government open for 45 more days. The U .S. government is seeing a new crisis every month now. What's going to happen in 45? I think that's the big question right now everybody's asking is, do we see maybe the month of October as our correction month? And then we have to kind of go into a realization that we're back to where we started. Love to get you guys' feedback on that. What do you think is going to happen here in the month of October? Drop some comments down below. Make sure and smash the like button because it does help us get into the algorithms and help other people kind of explore what's happening in the market. Let's listen to what Mr. Chuck Schumer had to say about this. Let's play this clip for you guys. It's been a day full of twists and turns, but the American people can breathe a sigh of relief. There will be no government shutdown. Democrats have said from the start that the only solution for avoiding a shutdown is bipartisanship. And we're glad that Speaker McCarthy has finally heeded our message. In the end, more Democrats supported this bill in the House than Republicans, proving bipartisanship was the best answer all along. I want to thank my colleagues here in the Senate, especially our appropriators, yourself, Madam President Susan Collins and Leader McConnell. Our bipartisan work in the Senate set the tone for the bill we're about to pass. Our bipartisanship made this possible and showed the House that they had to act. All right. So you saw a couple of things here with Schumer, and that is the whole scenario around the bipartisan approach. A lot of Dems had to come into play on this. Obviously, the Republicans were the ones that were seemingly holding a lot of this back. Now you even have Gaetz really pushing hard against McCarthy, trying to dispose him as the speaker. There's a lot happening there, and it's going to continue to push forward into next month when all of this has to go right back to the drawing board and redo this. So this could get a little up and down. And especially I'm concerned with November because of the scenarios that we will see in both the jobs numbers, the Q4 will start to play out in the sense that we'll start to see what's happening in the markets itself. And it could be a very bad timing for this to occur again. So hopefully this all gets corrected and playing into it. Let's listen to what Squawk Box had to say about this and the impact it might have on the markets. Listen in. Joining us now is Jared Bernstein. He is the chair of the President's Council of Economic Advisers. And Jared, let's talk about this. We have a deal that nobody really expected we'd see. So we made it through this weekend. But what happens in the next 45 days? Well, first of all, good to see you, Becky. This is good news for the American people in the sense that an unnecessary crisis that would have inflicted pretty deep and wholly unnecessary pain on millions of Americans has been averted. That's good news for over 1 million active duty troops, for over 7 million women and kids who risked lacking nutritional support for travelers because of the reauthorization in this bill of the FAA and disaster relief that was also in this continuing resolution. But it did not have to happen. I think what you just played from the president is, of course, exactly right. He shook hands. He had a deal. In fact, there was a law passed with McCarthy back in in June, in early June at the end of the debt ceiling debate that was designed specifically to avoid this Senate. All right. So, you know, they kind of take doing their victory lap, even though I think it's a little bit premature. But the point is, is that there was a huge economic disaster that was averted. So I think that's the positive news. Obviously, the markets responded in such ways that have helped adjust for that as well. But that's not necessarily all of it. We've also seen some other implications coming across from external resources out there in the markets that have caused a little bit of this movement. I think the question everybody's asking now is, is Bitcoin going to continue higher or are we going to start to see Ethereum start to adjust now? Do we see some of the projects like Solana, Avalanche, etc. start to really fly? We'll break into all of those. So don't miss those. We'll look at some charts for you guys as well. I want to go over to a couple of stories here. Why Bitcoin prices up today? A couple of points that were hit on here. US shut down a version, obviously, and also the ETF launches. Now, that is the opportunity. Because remember, Ethereum ETF launches today. And the other idea around this is that when you look at not only the Bitcoin opportunity for ETFs, by the way, if you're not following our market sentiment indicator, you guys should because we are tracking both the Bitcoin and the ETF, the spot ETF sentiment as a whole. It's interesting to see that sentiment kind of go up and down. But the point that they're hitting on in this article is that October is historically one of Bitcoin's best months and is often called October, named in today's video. Bitcoin's October overall. You can kind of see the rundown right there. That green line right there, as you can kind of see where I'm waving my cursor, almost all green over the years going all the way back to 2013. So not bad. Nearly 43 million worth of shorts were liquidated. That's another scenario that plays into that. And of course, I think when you look at the general move with what Bitcoin had to do, I think this is going to be an interesting week ahead of us. Now, there's a lot more that could be happening this week that could still maintain Bitcoin around the $27K to $28K range. That will be a very, very interesting thing to watch because if Bitcoin starts to edge toward around $28K, this is where it's going to get interesting for the future. All right. A couple of things I want to hit on. Right here is Ben Cowen talking about lucky number seven. First green September for Bitcoin in seven years. That's a good sign. But is it a short -lived sign? That's, I think, is really the scenario that plays into this. Sellers have lost momentum. Buyers are now in charge. Target is near the top of the range right now. If it breaks this range that we've been talking about, which I'll show you the chart here in a second, that Bitcoin has been moving to. If you look at just here on the daily, right there is that little high right there around $25 .73 and a little bit. And then, of course, the red candle started to point its way down on the hourly on Bitcoin's move over the last $24. So interesting moves for sure. How are you guys playing this? Is this a zone? Because this has been up and down on the sentiment charts for us. We still see sentiment somewhat waffling with Bitcoin. Not necessarily as much with Ethereum, but definitely with Bitcoin. But the real question is can we hold around this $28K mark, which is where we're hovering right about now. All right. Other things. China's central bank continues to stimulate. So reverse repo injections now at levels not seen since 2020. This is another factor that plays into it. China is starting to inject liquidity. This, of course, causes movements in the markets. It also causes some ripples in the markets as well, because I think China is going to be one that we have to continue to be cautious about in the sense of awareness of what's happening in China, both from a real estate standpoint, but also just from their GDP and their economic growth. Those are the other things that play into this. A couple of reports from Chain Analysis that are kind of interesting here. I thought this would be larger, and it's not. But right now, eastern Asia, fifth most active crypto market accounting for 8 .8 % of global crypto activity. And this is July 22 through June 23. So it kind of gives you a little bit of insight to that. Point is that you do have a significant amount of the market that is in control. Remember, the United States still has a large percentage of what is happening around the world in crypto markets, ironically, without legislation. Can you imagine what is going to happen with legislation and institutional adoption really kind of playing forward? That's where it's going to get super. I think that's when we're going to start to see some big market moves overall.
Morning News with Manda Factor and Gregg Hersholt
Fresh update on "july" discussed on Morning News with Manda Factor and Gregg Hersholt
"Put on his properties were just fine. The way he sees it, he can value his properties, whatever he thinks they're worth. In Delaware today, Hunter Biden entering a plea of not guilty to federal firearm charges, his arraignment part of the special counsel's investigation and the failed plea agreement with prosecutors in July that fell apart. The Michigan Supreme Court has denied an by appeal the parents of the Oxford school shooter claiming there was not enough evidence for them to stand trial. James and Jennifer Crumbly will now stand trial on charges related to the mass shooting accused of buying the gun that their son used used to kill four students in November of 2021. You're listening to ABC News. News Radio 1000 FM 97 7. Stay connected. Stay informed. Good afternoon. It's 1202. I'm Taylor Van Sykes. Now our top stories from
Crypto Banter
A highlight from Time To Buy The Dip On These Altcoins? (LAST CHANCE)
"The market is finally showing signs of life and many altcoins are now starting to break out of their month -long downtrends. So in today's video, I'm going to discuss what altcoins I am looking at this week. I've got a variety of long setups for you. I've also got a couple short setups that I want to share in today's video. And it's funny, every single Monday I do the Watchlist shows, right? But they don't get that many views. You can see in front of you last week, I only got 4 ,000 views on the show. Yet, in my opinion, they are my most alpha -packed shows of the week. Because if we just look at last week as an example, there were many trades here which we nailed. I mean, Bitcoin, I pretty much said it was going to move sideways for the majority of the week. That is what happened, although we did get a pump in the last couple of days. LINK, I said that I was expecting us to move up heading into the conference. And then the conference could be a local top. Well, we've certainly gotten a massive move up. Now is the conference. So proof will be in the pudding when it comes to that one. But we did get the first part right. Arbitrum has pushed up massively in price. So we got that one right. OX, I was a little preemptive when it came to DCAing. That's one we can talk about later. But they have had a massive correction. And if you like OX, it could be a DCA opportunity. OP as well, I said they weren't looking as strong on a relative strength basis versus Arbitrum. And I was waiting for PostUnlock to reconsider my positioning. And I mean, pretty much you haven't missed out on a relative basis versus ARB, which has been the stronger trade. And it's all about opportunity cost in crypto. And then Frax has performed very well. And I said I was buying some Frax as well. So mostly hits when it came to the watchlist last week, 80 % hits. The only one that I did take a slight knock on was my DCAing into OX, which obviously did end up dropping. But on all the other coins, we pretty much have traded them pretty well. So that's why I believe that the Monday shows are so important. If you're not watching them, I recommend watching them every single week because this is where I go through my plans for the week. I talk about the old coins I'm interested in. I talk about what I'm seeing in the market. And it's really important. It's a great chance for us to reset and chat one on one ahead of every single week. And this week is looking to be a little more lively than previous weeks. And it comes on the very important day for Bitcoin, which is the beginning of Q4. So October, now we are officially in the Q4 period. And actually historically Q4 is the best quarter for Bitcoin. And specifically October and November are the best performing months historically for Bitcoin. You can see in front of you, October is the second best performing month and November is the best performing month for Bitcoin. So it's funny that we've kicked off Q4 in style with a very strong Bitcoin move to the upside. We've now started to break above that key 200 EMA level, as you can see here. Although last time we did break above and then we deviated below and then we didn't end up having a daily close above. So this is really what you want to keep your eye on now. Can Bitcoin actually close above and then look to use that as a launchpad to push into that major zone at 30K? That's obviously going to be the next question. Or will it close below again? Only time will tell. We'll know obviously within the next day. This video is prerecorded a few hours before it goes live. So we will be approaching daily close at that point and we will need to monitor this level. But I would like to see a few days continuously above. Just one daily close above oftentimes isn't strong enough. You often want to see multiple daily closes above and it just forms some sort of support basis, a substantive basis for Bitcoin to spring to the upside. But let's not get too much into the Bitcoin discussion because we have lots of altcoin talk today. And my plan on various altcoins I want to discuss with you in today's video. So as you can see, the market is up today. The market is up this week. Arbitrum, one of the best performers that we talked about in last week's watchlist. Solana, one of the best performers. I'm going to get into my thoughts on Solana in today's video. This is one I also called on my Twitter when I said that I thought that the pre -dump was going to be greater than the actual selling event. That is what happened. And we ended up timing the bottom pretty nicely on Sol. So overall, it's been a great couple weeks of trading, but let's get into today's one. The first thing I want to talk about is Ethereum. I think it would be remiss of me not to talk about the leader of the altcoins, given the fact that it's primarily an altcoin video today. Ethereum showing some interesting signs here, starting to push into this range high territory. It has pivoted nicely off those lows at 1540 and never quite got down to that major structural support level at 1422. And it's actually started to respond and show signs of a reversal here. Range high does correspond with the 200 MA. So that's going to be your major resistance level. Only time will tell whether Ethereum has the strength to break through there. But that is a heavy level of resistance. So if it does get rejected there, I would not be surprised. I probably wouldn't be longing ETH into resistance. But I do find more interesting is the ETH BTC chart. It did get rejected off its major resistance level. However, this is a level that it did an SR flip back in July. This is definitely a key level for ETH. If you're looking at ETH, maybe outperforming Bitcoin on a relative basis over the next couple of months, that would be your level that you really need to reclaim. This was a trade that I was in. I got stopped out. I mentioned that on the show that I did about my ETH pair trade at 62 here. But this may be a trade I get back into if we flip and confirm above this major level. So that's what I'm watching on ETH BTC. And it comes at a time where the ETH futures ETFs seem to have gotten approved, which is obviously great news for Ethereum. But we are still hanging out for that Ethereum spot ETF. Lots of speculation now about an ETH ETF. Lots of speculation also about a Bitcoin ETF. Very interested to see what happens over the next few months when it comes to ETFs. Looks like Bitcoin will be pushed forward into Q1 2024, given the fact that we got a slew of delays last week. But the Ethereum ETF is another one to keep your eye on. And the Bitcoin ETF would certainly be precedent for ETH, although ETH is on a lagging basis versus Bitcoin, typically regulatory -wise on about an eighth to, I would say, 16 months lagging basis versus Bitcoin. Now let's get a little more degen now that we've framed the market. We've looked at ETH. ETH BTC is interesting. We've looked at Bitcoin and the key levels there. Now let's get into some of the alts. Got longs, I've got shorts, and I'm going to go through this rapid fire. So I'll probably be speaking really quickly, but I want to get the alpha to you and not waste your time with 40 -minute shows anymore. First one's Radiant Capital. I like Radiant Capital long term because it's one of the only bonafide proxy bet plays for the layer zero airdrop, which is going to be in Q1 2024, most likely alongside Stargate. So Radiant's one I like. Lots happening on the third. So Radiant's one that I've been accumulating, and this is one in my watchlist every single week on the show and on my Twitter. I've been quite public about the fact that I've been accumulating spot, and I actually did buy some spot at the support level at 22 and added a little bit more lower towards the 19 to 20 zone. In terms of Radiant from a TA perspective, we have broken above major resistance at the 24 cent zone, although we have had a very explosive move to the upside. So personally, with my spot positions, I've started to unload a little, and I do think we may see a mean reversion back down into this zone here at the 24 cent level. I mean, if the market keeps pumping, clearly Radiant can pump up until this next resistance level at the 30 cent zone. But for me, at some point, I do think there is a significant amount of liquidity here that I think is logical that Radiant comes back and captures. So for me, that's why I've just started to offload a little bit, and I'll continue to offload out, ladder out if we go up in price. And I may even look to short Radiant if I have the balls to do it over the next few days. I need to firstly wait for a confirmed reversal and breaking of structure on the lower time frame, because obviously I don't take trades on the daily time frame. I would take it on the one hourly or four hourly. So that would only happen once you start to do something like this and reverse under and make a lower high. And then maybe I'll look to get into a short position. But until then, it's all longs and Radiant from a long term perspective, irrespective of the short term trading opportunities. For me, remains a good one to DC into on major pullback. So that is my Radiant update. It is definitely a token to watch this week, given the fact that they have their main net, but by the rumor, sell the news, maybe, maybe. And that's why I'm being cautious and offloading some spot. Let's get into Solana now. This is the talk of the town. This has been one of the market leaders over the last couple of days. And that comes off the back of a few different reasons. Firstly, the fact that there was a massive shorter that got liquidated and that caused a short squeeze to the upside. So this massive whale got liquidated on a huge Sol position. And also the fact Galaxy didn't end up selling any so far Solana from the FTX liquidation. So I did a tweet on this. Actually, I said, as bearish as the one Bill Sol liquidation seems at face value. And this was back in September, a month ago, the majority of the Sol's locked. Gallancy are incentivized to sell for the best possible price. There will be a $200 million a week cap on FTX sales. And I wouldn't be careful shorting. And pretty much this was spot on. In the end, the pre -dump was greater than the actual selling event. And once again, it's another reminder that peak FUD equals peak opportunity in crypto. I did a tweet saying I was buying Solana and Matic during the Robinhood sale FUD event. And that ended up being the local bottom. And I did another tweet again saying, I would be cautious shorting here, given the fact that we could likely see a pre -dump greater than actual selling event. And that's exactly what happened again. We saw the FUD, so the market's fear to do with the selling actually accelerate the downside quicker than the selling could actually be priced into the market. And no, there hasn't been any material selling of Sol yet. So this is another reason, a contributing factor as to why Sol pumped massively in price. A lot of people were anticipating selling and we didn't get major selling. So Solana definitely is one to watch. This isn't really one that I'm that interested in shorting. Maybe only if we start move up here into the $26 zone and then you may get an opportunity to short at range high. But for me, this is mostly looking bullish and Sol's one I've been stacking spot for quite some time. So any major pullbacks, I'll continue to look to add Sol at these key horizontal levels that I've laid out here. If you are looking at a leverage trade, I think you've missed the major trade. You would either wait for mean reversion back down to the 200 MA, then maybe you could long that's around the $22 zone if Bitcoin is still structurally holding up. And then the X level is obviously that short at $26 .5. So until then, we're in no man's land, but this is the hottest token. And it's funny seeing everyone suddenly liking Sol again after fighting it a couple of weeks ago. All of a sudden the price pumps, everyone likes it again. And that's something that Rand pointed out in his tweet. If you're looking at getting additional confluence with your trades on top of your TA, one tool that I've been using is Kyber AI. For Solana, it's a bit weird because there's only wormhole Sol. So it's not native Sol on the Solana What you can do on Kyber AI is you can see the Kyber score so you can get a bullish momentum score. This can tell you the momentum of the token based on on -chain analysis. Something I like to do is look at the changes in trading volume. So if I want confluence for a long, I'll look in a reversal from trading volume going from large sell amounts to flicking into that bullish territory where you start to see more buy volume kick in and vice versa. On the short side, I'll look for reversal from the buy into the sell zone. So Kyber AI is a tool I've been using to help my on -chain trading and you can also see here net flow to whale wallets. This gives you an idea as to whether whales are buying or not. So positive net flow where it's more green than it is red indicates that whales are buying and then if it's more red than green that's called negative net flow and that generally means that whales are starting to sell. So also interesting to see what whales are doing when it comes to positioning themselves in tokens and that's something I also look at when it comes to trading. But yeah it's not just soul that you can look at on Kyber AI. There's a bunch of other coins as well and if you actually go to their bullish section or their bearish section you can see the most bullish coins of the day. Kanto is actually one of them. This is one that fundamentally I've been doing some research into and I really do like as a project based on the limited research I've done so far and you can see that this is heavily in bullish territory and if you look at the on -chain analytics you can see buyers are starting to ramp up and we also seeing the trading volume to the buy side starting to ramp up as well. So yeah you can basically look at the most bullish coins and the most bearish coins for the day and this can help you become a much better trader. So yeah Kyber AI is one tool that I thought I would mention today in the context of this watchlist given it's a more trading centric show I guess although we are incorporating fundamentals of course as usual as per my you know normal show structure. But if you do want to use Kyber AI there's a link in the description and for every crypto bounty member that uses the link we're going to give you early access because if you're in the general public it's very hard to get access because there's a huge wait list that can take weeks to get approved. We are going to expedite approvals for crypto banter loyal viewers so link in the description below. If you do want access to Kyber AI it is a free tool so I'm not shilling you a paid service it's a free tool that I think can really benefit everyone and yeah of course Kyber is a sponsor of the show and they've been a great partner to work with because I believe they built an amazing AI product. Let's get into some of the other coins these are really interesting link especially very interesting trades being one of the most bullish coins over the last week or two and I actually have a controversial play here I'm thinking of picking off a short on link and I'll explain why even though a lot of people are starting to long link maybe this will bite me in the ass but I'm going to tell you why and I'll also give you my invalidation.
WTOP 24 Hour News
Fresh "July" from WTOP 24 Hour News
"Gm of software ventures at arc field urging agencies to keep focused and patient when employing a zero trust strategy the journey to the cloud it's exactly that it's a journey right so is there planning and designing their zero trust architectures they're also leaning forward and saying do we do this in the cloud do we still stay on prem maybe we push most of this to the cloud so it's journey it's a and especially for those organizations just keeping up to date right i mean last week we had uh... july was july tenth or eleventh uh... microsoft came out the nato summit over in lithuania and hey said there's a word doc and it has a vulnerability in it right it can take over your systems those are going to evolve they're going to continue to happen so staying on their guard for what they currently have to do while they're migrating to their future position right is is really important that's john meyer vp and m of software ventures that are filled for more go to federal news network dot com it is pretty thick between tyson's and the best on the internet between the toll road in georgetown pike backing up pulling back girls reopening the right lane the traffic will stay slow across the legion bridge in montgomery county until the works on at the two beginning of seventy the spurs clear that was blocking the right lane for the midday but they've been pretty good about clearing that by or before three p m meantime slow in the outer loop across the legion bridge briefly i think had one stopped in a lane your Georgetown pike but all the lanes are open the works on the outer loop is definitely clear sixty six westbound coming arlington out of moving at a better clip the works on the on sycamore street is clear westbound traffic heavy near nutley street eastbound slow fair lakes to fair oaks before 50 had road work on the right eastbound getting by the left 95 southbound slow from springfield past newington beyond the fairfax county parkway sound wall work blocking the right lane in maryland on ninety five northbound slow laurel columbia beyond thirty two rail work blocking the right lane bw parkway picks up a little overflow I -70 eastbound jam from 29 Ellicott City past the Patapsco River crews are still out with leaf blowers and shovels and only one left lane is getting by the debris spill cleanup eastbound on I -70 50 eastbound from buoy to the bay bridge it is clear sailing in the district 395 slow southbound from the third tunnel street on the ramp to main avenue it is one left lane getting by a work zone milling and paving a west military road following crew direction between Nevada Avenue and 30th street northwest the whole foodie festival is happening now at your local Whole Foods Market save on gourmet delights like curated wines and specialty cheeses today Dave Daldine WTOP traffic let's head on over to Avenue's first alert meteorologist Mark Peña temperatures outside are in the 70s and we're going to continue to warm throughout the our forecast in the low to mid 80s
The Podcast On Podcasting
A highlight from Ep385: Stop Having Boring Shows By Using These Storytelling Tips - Reena Friedman Watts
"Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. A lot of people like they do an interview and then they never talk to that person again. Don't be that person, then your show will continue to grow. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, Podcaster? It's your host, Adam Adams. And today I'm with Rina Watts from Better Call Daddy podcast. Better Call Daddy is where she'll interview just about anyone, about anything, interesting things. It's totally uncensored. And at the end, she has the guest ask her father a question because she says her dad knows everything and anything. And so they will ask. And I was recently featured on the podcast. I didn't know what to ask. I was like, geez, like where do I start? And unfortunately I wasn't prepared. I didn't have my question in front of me. So I came up with a question and it was like, what did your dad think when he had a girl? Because I've got a couple of boys. I have two sons and for the most part, boys are pretty easy. And you do want to raise them as gentlemen, but I think I would freak out if I had a girl. I would lock her in a whatever, like some type of up high thing. I would lock them up and I wouldn't let anyone see them or talk to them. I would be that weird controlling, scared to death dad, like we hear about in history. So I think God or the universe knew that and just gave me boys. That was perfect. So yeah, that's why I asked on her podcast, Better Call Daddy. So when that episode comes out, the link to it will also be in the show notes here. So you could probably just scroll down, check out that link to Better Call Daddy and also specifically that episode. And you can also connect with Rina on any social that she wanted you to connect with. Everything's down there. Her whole bio is also in the show notes as well. So anything you want to do, like finding her, connecting with her, getting to know more about her, just scroll down. Let's get into today's podcast interview about podcasting ultimately. And it's interesting because Rina has had her episodes. She's been going for well over 300 episodes and soon she'll be crossing 400 episodes. She's been really doing it for a little while. I want to find out like what has kept her there because for one, there's something that's true and it's called podfade. And depending on who you ask and which study it was, studies show that most people don't get past six or 10 episodes. Most podcast hosts never get past that. So she's in the 300s right now and she has 173 ratings and or written reviews on her podcast. And so it's like, what did you do to get all of that? Obviously, there's something good that she's doing. I will mention something that's part of her bio real quick. And it's that she worked with another person and she actually helped get ultimately top guests for them. And so I want to talk a little bit about today on this podcast, like how do you get top guests? How do you reach out to them? Because most of them have gatekeepers. So we'll talk about a few of these things. First and foremost, Rina, I've talked a lot, so I want you to say something. So I'm going to ask you a question. When was it that you launched your podcast? I want to hear the when and the why and the how did you launch your podcast? When, why and how? Great question. I launched in July of 2020. But even before that, I was thinking about it for a long time. So I had co -hosted someone else's podcast years prior. It started off where I was just booking guests, but then it was like two guys, they were both recruiters and they were like, Oh, wow, you've brought us some really interesting people. How would you like to fill in? And so that brought me back to my radio days. I worked for an NPR station in college and I really like the radio medium. And so they let me co -host a few times. And I got excited because I saw the numbers growing and I liked booking guests on that show. So I had gotten my feet wet, which I think is actually a good idea for podcasters. Either guest on other people's shows, co -host a show, starting a podcast, like you're talking about this pod fade thing. It's a lot of work that I feel like people don't think about. Marketing is just as big a piece as recording the episode. It's probably a bigger piece. Marketing is where I feel like people get burned out. So here's how I keep that easy. In the beginning, I literally was just sending an audiogram and a graphic and links to the episode. But then I built upon that. Then it was, Oh, hey, here's some copy you might want to use. The easier you make it for people to share, the more they'll do it. So send them different clips, send them audiograms, send them copies, send them links to the episode. And like you just did a pro tip, see how you can link in the show notes to help them. Do you have a website? I have a website. I have a blog. You have a blog. You have an email list. I have an email list. Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. I think a lot of people do an interview and they never talk to that person again. Don't be that person. Then your show will continue to grow. Can you guys do an Instagram live together? Are you talking to a streamer? Can you do a Twitch? Can you do a social media collab? Are you talking to somebody who's good at graphics? Can they make you a meme? Think of different things or different strengths that the other person that you're talking to has. Are they really good at rev share opportunities? Talk about affiliates. What is the other person that you're talking to doing that's working that you can get in on or learn from or also do? Interesting. Thank you for sharing all that. I keep going. I'm hung up on something though because I did the math. I looked. You had something that went out like on September 4th. You had something went out on August 28th and then August 21st and I'm noticing that it's about once a week. Yep. I've gone down to one a week. In the beginning, I was insane and did three a week. Ah, that's where it is. Okay, because I pulled up my calculator. You basically have been going a little over three years and so I calculated basically there's 52 weeks a year and you should only be on like 150, 160 episodes right now. You're like 330 -ish, so like more than double. I was going to ask what happened there. So let's talk about this because I know some podcasters who launch and maybe they're doing it or triple it. So they switch it to three a week or they switch it to one a week from one a month or I know maybe there's three somebodies actually who have gone to daily who started with like every other week or once a week and now they're at like five or seven a week. But for you, you mentioned that you had at three and that lately has been at one and I want to find the pros and cons. I want to find out why. I want to find out if it's working better. Were you getting burnt out? Why change from three to one? That is a great question. Well, there were multiple reasons. I would say a bit of burnout. Yes, like I wanted to stay fresh and now I batch record too. So I'm like six, seven weeks ahead of like releasing one a week. I think that if you only do one a week, then you're able to market it better. You're able to be fresher. You're able to do better research for the people that you're actually interviewing. You can be more selective in who you're picking. And here's another thing. There are some podcast hosts like yourself that do solo episodes as well. I haven't really done solo episodes. But what I have done is I've had other people interview me. I mean, I've been on other people's shows. So if somebody interviews me well, I will take that interview. I'll create a custom intro. I'll have my dad listen to somebody else interviewing me and then I'll have him respond to a good interview. So I've taken some of my best interviews of other people interviewing me. And I've re aired those on my RSS feed. It just gives you more content gives that other person another boost. It reintroduces an episode a collaboration. So I've done a few of those. But I have talked to other podcasters that, you know, are getting thousands of listens on each episode. And I am finding that they're either doing best of they're doing shorter, solo episodes, or they're doing tips. And those episodes can get just as many downloads as an interview. So I'm thinking about potentially maybe doing some extra daddy segments like me and my dad like reflecting on certain episodes that have stayed with us or daddy tips or I'm playing with that idea as an evolution. So there's a couple things that you said, one of them is that you can be more selective with the guest. And that makes complete sense. If you feel like you have to do seven episodes a week, three episodes a week, then it can get challenging to batch all those it can get challenging to stay ahead of the game. And so there is technically a likeliness going up of you being okay with somebody who is less quality. And so you avoid that by doing fewer. You also mentioned the truth is I'm like thinking on the tip of my head, like there was another reason that you said you slowed down. What was the other reason that you said you slowed down besides being able to monitor them? I was a bit getting burned out. I mean, I was cranking out so many that I wanted to make people want to listen more too. Like if you just give them out so easily, right? Oh, marketing. Marketing was the other one. I did mention the burnout. Somehow I just accidentally mentioned the burnout and forgot that I said it, but I mentioned the burnout and I mentioned the being able to focus on the guest and having good quality. But the other one that I missed that you did say is because you felt like you could market it a sec. Definitely. You can market it better because then you don't have to like, get out your clip, get out the graphic, get out everything. One day you can space it out. And the more you space it out, you're going to hit different people seeing it. I mean, you've got to really promote something like seven times for like your audience to see it. And here's another thing too. I've started working at cool .fm one day a week and I'm re airing best of episodes there. So I'm airing them sometimes a year after they've already aired. And a lot of podcasters, once they air it the first time, they never talk about the episode again. I try to find ways to get my back episodes re listened to. So I just interviewed the Jewish matchmaker, the host of Netflix's Jewish matchmaking. I had interviewed four people from Indian matchmaking a year ago. So I'm like, hey, if you liked Indian matchmaking in her episode, here's the links to those four. And now here's the Jewish version. Okay, cool. So your podcast Better Call Daddy, is it something that you make money from or no? Everybody wants to know that, right? It has led to me making money. Yes. Is it like, does it feed into a business or is it more advertising dollars? How have you made money through your podcast? In lots of different ways like entrepreneurs do, right? So I have made money by advertisers. That is not the route I'm currently going. I have made money through affiliate sales. I've made money by coaching other podcasters who are just starting out in how to do it better. So I do like coaching calls one on one, or I've also helped people produce their own shows. Okay, cool. In that last one, where you're supporting podcasters, is that something that you thought you would do in the beginning? That's a great question. So in the beginning, I did kind of want to demonstrate my love of marketing. Like, hey, if I put together something and package it cool, other people will want me to try and help them do that too. That was a thought, right? But it was kind of a pipe dream. I hadn't done it. I had worked in production before behind the scenes. I got my start in reality TV. I've worked in radio. I love production. I love storytelling. But had I helped somebody from start to finish do it? No, but it led to me doing that multiple times. Yes. You mentioned storytelling and loving storytelling. And I think that podcasts are a lot of storytelling. I'll even tell random stories that are more parables. It's not even a real thing. Obviously, I've made up the characters. They might be ducks or cave persons or something else. So I'll frequently tell stories. I'll tell stories about clients. I'll tell stories about people that have worked with our company and what they're going through. And frequently, if something comes up, I will liken it to an actual story. Because I think that that is really helpful and supportive. And on your podcast, you get interesting stories. Like you're just talking about interviewing people from Netflix on Jewish matchmaking and Indian matchmaking. I know that you've had phone sex workers. I should say the whole thing. Yeah, it sounds totally different if you don't use the whole thing. But on the podcast, and it sounds like the stories are kind of a big emphasis. Would you share why you think that they are and then after the why are they a big deal? Why does it help? Kind of the how the listener can be better with their stories on their podcast? Yes, that's a great question. So why? I just have a fascination and curiosity. And I have crossed paths with lots of interesting people. That's why I also thought I should have a podcast like I've kept in touch with people that I worked with in 9911 and VH1 and E and special effects animation companies and producers and directors. And I feel like a lot of people are and I wanted to bring some of those conversations into the forefront. How the phone sex worker is an interesting one, but I was a coach for Kathy Heller's launching a mastermind. And one of the girls that was in my group was a mental health worker by day and a phone sex operator by night. And I'm like, hell yeah, that's mompreneurship at its finest. I want to hear that story and talk to me like you talk to them. You know, like, wait, so you had her do the voice and everything? Hell yeah. But that was what did she ask your dad? What did she ask your dad at the end? I don't remember, but my dad has got a sons of humor. So I've had women on that have been sex trafficked. I've had a lady on who was a dominatrix. And there's been some funny moments in my dad has a sense of humor. I even had on the host of Netflix's show, how to build a sex room. And my dad was like, he's open to listening to it, but he's like, that's a little out there for me. He was like, I think I'd rather have like a romantic dinner and a walk on the beach. Like my dad. So like old fashioned, he listened to the whips and chains, but for him, that wasn't like so much a turn on. Okay. All right. So it would have been weird if he shared that it was with me. It was how would the listener? No, I'm hearing what you're saying and ignoring it on purpose. Okay. How would the listener think to themselves like the best way to adding in people's stories or their own stories to help with engagement, entertainment, and probably even sales persuasion? Okay. So one thing about storytelling that I've learned is it's really a dance between the and interviewer the interviewee, right? Like you're sharing a bit and I'm sharing a bit and you're really listening for how you can keep the conversation going. You're not just going to your next question. How do you know that? How do you know? I don't just have seven questions that I need to get through in the time of 20, 30 minutes. You can feel it. I can feel it. I like that. All right. Well, keep going. I didn't mean to interrupt you. Hear it and you can feel it. Yeah. So it's okay to have bullet points, but I shouldn't be able to tell it's okay to do your research, but don't be so married to your questions. You have to leave room for magic to happen in the conversation. You have to genuinely be interested in what the person's saying. And I think also new interviewers don't do little things like, tell me more. How do you feel about that? Just little followups like that can make the person who's telling their story open up even deeper. And they love that. So those little tricks of getting a deeper answer from the person who's telling their story will make your story better versus just having a big question and answer, but try to get deeper by just giving them a little yes and. Okay. So to be clear, one of the things that I think I'm hearing you say is if we're interviewing, a thing that we can do that can be beneficial is ask more questions about what they're already talking about. Yes. How did you feel about that? What got you into that? Tell me more about that. These are good things. Is that right? Yes. I love how you just re -paraphrased that and said it better. That's another really awesome technique. Some people are really good at paraphrasing. And actually, the reason I decided to have my dad at the end of my show is because my dad is really good at summarizing what I say and saying it in his own way, but he knows me so well that he's able to connect my crazy thoughts. And I think not everyone when they're starting out podcasting is able to give people the key takeaways at the end. So have a notebook next to you and write down maybe your key thoughts that you want people to remember. That's another really, I feel like, advanced technique in storytelling is what do you want to leave the audience with? Give people those main points at the end. And I love that my dad does that for me and he puts his own spin on it. Yeah. I like it. I'm writing that down. So that's why you don't hear me asking a question. Main points down at the end. I've got some good notes from you so far. We're talking about how you launched a podcast July of 2020. You started out with doing multiple episodes. You slowed it down. And there's a lot of reasons. You were feeling overwhelmed. It was too high of a cadence, but you also justify that with some other things that can be beneficial. For example, it's like, now I can really hone in on who I'm having on. Additionally, not only am I honing in on it, but I can market a little bit better. And I can pull out new things and share them for a while. And you also mentioned how you do what's called callbacks. I was watching a comedian and he was talking about his own callbacks. And he was talking about, he's like, my jokes are so funny because I can do all these callbacks. So he had this whole skit and he kept doing the callbacks. And I think any good comedian will, where they jump into a point that they had mentioned earlier on in the joke. And they wrap it all together. For example, if we found a way to talk about phone sex workers again later on in this, or like where all of a sudden it's just like that phone sex worker or something like that. This is a good way to call back. And you do it with previous episodes. You mentioned that when you're doing the Jewish matchmaking, I think you said, but you had already done with the Indian matchmaking, I think. Is that correct? And so you put the four episodes in the show so now people can get to it easier. And also you mentioned it. And not everybody who comes on this show talks about callbacks like the comedians would, even in the same episode and referring to things that we've talked about before. And not everybody talks about callbacks in the way that you mentioned where you basically share a different episode that you had in a previous time. Like if you like this, then you might like that. Or we're talking about this today, this other episode also talks about it. I like the feedback about using stories, storytelling. And in a way, I just used storytelling of me just watching a comedian talking about callbacks to emphasize a point. And I didn't notice it until I'm looking at the stories right now. But these things where we bring in outside stories or other people's stories can really help to be able to be, as you were illustrating, helps us to be able to be more entertained, to learn more, et cetera. And then you mentioned something that I'm kind of doing right now in a way. It's like it's hitting the main points. And your dad does that at the end of your episodes. I try to do that at the end of episodes as well. I call it tell them what you're going to tell them is the first part. The middle part is tell them. And the last part is tell them what you told them. And so it's like, we're going to learn about this. And then you teach them the thing. And then you say, today you learned, and you share it. And these are like giving those main points, making sure that they're down. And so we've had fun already so far. But we've also learned a few really cool things from you about promotion, callbacks, stories, and repeating the main points. I want to take a quick break. When we get back, I'm going to talk more about how you make money. I'm going to talk about your best advice to a podcaster find and out if there's anything you're struggling with. So how you make money, main thing that you want to share with a podcaster. And we'll be right back.
HASHR8
A highlight from Marathons Invalid Block, Bitmains S21, Rodarmors Runes and Tokens On Bitcoin
"Hey, welcome back to the mining pod. It got Matt and Charlie. We're doing our news roundup. We haven't done this in a while. I think the last one was back in July. It was not with Charlie at the time. It was just Matt and I. But Charlie, welcome back. We are talking about Maripool mining invalid block. We're going to talk about some of the new A6 coming out from the larger manufacturers and then also dive into some ordinals with Charlie. Did you know that you can make more money by merge mining other networks? Check out MakeMoreMoneyMining .com for information on BIPs 300 and 301, a proposal to bring more revenue to Bitcoin miners through sidechains and merge mining called Drivechains. Increase your mining revenues and learn more about participating in Bitcoin governance by visiting MakeMoreMoneyMining .com. Are you a miner who wants to activate Bitcoin improvements? Check out Activation .watch. See what Bitcoin improvements the Bitcoin community, developers and miners are considering and show support by signaling for one of many BIPs up for consideration. Activation .watch.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs 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. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs 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. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
CoinDesk Podcast Network
SBF TRIAL: 09/29 Update
"Welcome to the SBF trial, a Coindesk podcast network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk podcast network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. In a rare display of candor or as part of a calculated exercise in reputation management, Sam Bankman -Fried delved deep into his mental health struggles in a trove of unposted tweets obtained by Coindesk's Christine Lee and published for the first time on Friday. I don't really know what happiness means, he said in one of the tweets, which he wrote just weeks after his crypto empire blew up last year as he was facing down a tidal wave of public scorn. The tweets published by Coindesk strike a similar tone to those obtained earlier this month by the New York Times. In both cases, it's difficult to discern whether Bankman -Fried's musings provide an authentic glimpse into the beleaguered crypto founder's psyche or whether his mental health battles and personal anecdotes have been played up for sympathy. On this front, it's impossible to fairly speculate, though it seems likely that Bankman -Fried's mental health struggles could play a role in his defense. Also this week, Judge Lewis Kaplan, who is overseeing Bankman -Fried's trial, struck down a request from the FTX founder's lawyers asking that he be temporarily released from prison. Bankman -Fried has been held in Brooklyn's Metropolitan Detention Center since his bail was revoked in July, and his lawyers argued for the third time on Thursday that this has made it difficult for them to prepare for trial. With Bankman -Fried's trial set to begin next week, the argument from his lawyers this time around was that Bankman -Fried would need time to strategize during his trial. Previously, they'd asked he be granted release ahead of time. Kaplan again denied the motion arguing the FTX founder has had ample opportunity to review the evidence and prep his defense over the past several months. Kaplan did make some concessions, however, ordering the Department of Prisons to ensure Bankman -Fried be delivered to court at a brisk 7 a .m. on most days of the trial, designed to give him and his lawyers a bit of extra time to incorporate fresh testimony into their defense. Part of Kaplan's rationale for denying the release request came from his belief, as a seasoned jurist, that Bankman -Fried might present a flight risk. "'Your client could be looking at a very long sentence,' Kaplan told Bankman -Fried's lawyers. If things looked bleak and he had the opportunity, maybe he would seek to flee." On a housekeeping note, we officially have the court calendar for the trial through November 11. The court will meet four days a week except for the week of October 22, when it will only be in session two days.
Bankless
A highlight from ROLLUP: Coinbase Crashes DC | Gary Grilled By Congress | Vitalik Deepfakes
"Miss Wagner is like, yo, MIT version of Gary was pro -blockchain, but SEC Gary is anti -blockchain. And then Richie Torres is like, yo, it's a Pokemon card of security? These people are listening to crypto Twitter. They are like, these are our things. The power of crypto Twitter is like getting into Congress. Well, it's because it's distilled logic. I mean, Bankless Nation, it is the last Friday of September. David, what time is it? It's the Bankless Friday Weekly Rollup Ryan where we cover the entire weekly news in crypto, which is always an ambitious endeavor, yet we persevere nonetheless into the frontier this week with a bunch of clips of Gary getting grilled. So everyone, everyone prepare for that one. If you're not listening to this with coffee, because it's too late in the day, well then you should get your popcorn, because that is what you will need. I mean, this is a catharsis, I think, for many of you in this episode. You'll enjoy this very much. Also, crypto was present in Washington this week. Yeah, Coinbase's stand with crypto day was held at Capitol Hill the same day that Gensler was giving testimony in front of Congress. Convenient. What about the timing of that? David, what else we got? After that, we'll talk about pudgy penguins in Walmart landing a huge deal, a ton of distribution for pudgy penguins, also with each toy purchase having an on -chain identity on ZKSync. So we'll talk about that. And then after, also not only are penguins getting identity, but citizens of Buenos Aires perhaps also getting some on -chain presence as well. We'll talk about that. And then, of course, we're going to do the PSA of deepfakes and phishing attacks that are out there. We got a Vitalik deepfake that we want to show you. It's pretty hilarious, but not if you believe it. Notable VC Fred Wilson got phished for 40 NFTs this week. So if Fred Wilson can get phished, so can you. We will talk about this and more. What else we got, Ryan? You know, the usual Bitcoin ETF stuff. ETH might be getting futures. There's a ton to talk about every week. This is a bullish week, I think. I'm declaring it such, David. It is a bullish week. And we got some green candles when we get to the markets. But before we get in, David, we got a message from our friends and sponsors over at Layer Zero. What do they want the folks at home to know? They want you to know that after a year, over a year of combined effort, Layer Zero and Google Cloud have announced their partnership, and they are ready to build the interoperable cross -chain apps of the future. What is Layer Zero? Of course, Layer Zero is a set of smart contracts that are deployed on every single chain. These smart contracts connect to each other. How do they connect to each other? Well, they need some Oracle service in the center to be the chatterboxes, the passing messages between all of the Layer Zero smart contracts across all of the 50 different chains. Google Cloud is that new default Oracle. That is the partnership that they have created. So there is a link in the show notes for you to go explore more if you're a builder who wants to build on Layer Zero. LayerZero .network is also the URL. Well, you know what I want to learn more about this week, David, is markets. Tell me about the old markets. I think, I think, I haven't looked at this yet, but I think we got some green on the week. We got some green, dude. Let's look at the Bitcoin charts first. What's Bitcoin showing us? Some single digit green. Look at that green right on the right. That's your dose of dopamine for this week. It's like, whoo, Bitcoin up 2%, whopping 2%. Started the week at 26 ,600, ending the week at, well, Thursday morning, if you call it the end of the week. It's not the end of the week. 27 ,150, up 2%. Ether price up a little bit more, starting the week at 1660, up 4 .5 % to the current price, excuse me, starting the week at 1560, ending the week at right around 1660, where we are right now. 1660. I mean, it's still low. That is a low price. We are getting excited about very little right now. Yeah. It's up such a small degree, you shouldn't even be excited about this. And yet we are. Yeah, we are. 4 .5 % on the week, I'll tell you. It's better than flat. When's the last time we had a double digit week, man? Double digit up or down? Up. I can't remember either, actually. We've been in the flatlands for so long. It's just like kind of a little bit of a bleed out all the way from 1900. Weren't we over 2000 a few weeks ago? Yeah, we have touched over 2000 in this bear market, but man, it certainly doesn't feel like it. Last time we were at 2K was July. In July, briefly. We weren't at 2K. Yeah, I can't remember July. Well, I was in the mountains. It's been downhill ever since I caught back for the mountains. Yeah, it really was. It's been all downhill since you guys. The only thing you can do, David, is go to the mountains. Bad things happen to Gary Gensler when you go to the mountains. Although, I guess nothing bad happened to him this week. Anyway, I'm skipping too far ahead. We'll have our Gary later in the episode. ETH, Bitcoin, up 2%. Total crypto market cap, $1 .11 trillion. Layer 2 scaling factor, touched 6 % this week, down to 5 .5%. Still at all -time highs. Layer 0. Wait, what touched 6 %? Excuse me, not 6%. Total value loss? 6x. 6x is what I meant. Oh, activity. That's what you like to look at. Yes, layer 2 activity touched 6x of Ethereum, but now it's at 5 .69. Nice. 60 transactions per second, 64 transactions per second. Yeah, that's where we get the 6x. We got more transactions per second left in this tank, I think. Oh, yeah. David, you want to talk about the general markets, like all the TradFi markets? You want to talk about macro really quick, because it's been super confusing to me. It's been super confusing. And then I read this tweet. We're also doing a macro show on Tuesday as well. So a macro show, so talking about the state of macro from a crypto person, so it's a crypto person who understands macro, so I'm really excited for that show. Are you a crypto person that understands macro, David? Do you understand macro? When I have a smarter macro person with me, then yes, I understand macro. My question to you is, does anybody really understand macro, particularly right now? Oh, you mean current snapshot? Definitely not. Yeah, all right. So here's the tweet. Current situation. One, stocks are falling like a recession is coming. Two, oil prices are rising like there's no recession in sight. That's contradictory. Three, interest rates are rising like we have 10 % inflation. Yes, they are. Four, gold is falling like inflation is gone. Five, housing prices are rising like rates are falling. And six, commercial real estate is falling like it's 2008. Nothing adds up here. That's the way I feel about macro right now. It's very confusing. There is a confusing set of signals going on, and it's not adding up in my head. What do you think about this? Yeah, they follow through, and they say it's beginning to feel like a pivot point in sentiment. I don't know if I'm about to say what I think they are meaning by this, but when there's a bunch of confusion, people, I think, brace for something, brace for clarity, and then whatever that clarity is will define sentiment. Where are we going? We don't know. As soon as we find out, we'll know how we feel about it. But we know it's going to be different from here. Different good or different bad? Those are the only two directions. Yeah, I guess that's the reductive take about it. But it's basically like we don't really know. That's why I'm very interested in doing this macro episode next week to see what the newest macro person kind of knows. I will say one thing, though. I think volatility is back on the menu. I think that's what this means. Because when the market doesn't know what direction it's going to go in, then it can kind of lurch in one direction or the other. So weird macro climate right now. On the back of stimulus, on the back of money printing, like what's going on here? And just to be clear about something, we've previously talked about stocks being at all time highs. That's been kind of the theme of the last two months, I would say. Well, so from looking at the SPY, you don't have the chart up, but it has declined by 7 % since July. So the SPY is down 7%, which is more. That goes to the first bullet point. Stocks are falling like a recession is coming up. I don't know. It's down 7%, just doesn't feel like a lot to me. Well, in the trade market, 7 % is a lot historically, but not recently. 7 % in the trade market is actually, that's just like, trade markets are also volatile. OK, well, we'll try to make sense of this, but let's get back to crypto. This is a negative report from JP Morgan, who said, Ethereum's activity post -Shanghai that was the last hard fork back in March, has been disappointing. JP Morgan calling Ethereum's progress disappointing. They've got some reasons for this. While the shift from proof of work to proof of stake meant that the energy consumption from Ethereum collapsed by 99%, the Ethereum supply is shrinking and staking rose sharply by 50 % since the Shanghai upgrade. While that happened, the increase in network activity has been rather disappointing. Ethereum's daily transactions, daily active addresses, and total value locked on DeFi protocols on the network have all experienced declines since the last hard fork. So JP Morgan, their analysts expressing some bearishness here over the last six months or so. Yes. I'm not mad, just disappointed with that activity. My response to that is, who the hell are you? JP Morgan doesn't know how to analyze these things. Well, I don't know. Ethereum post -Shanghai activity, it's just the broader crypto downturn. And also, they're just wrong, JP Morgan, he is wrong. They say layer twos have displayed mixed results. Well, no, TVL and economic activity on layer twos across the board are all up. I don't know where the hell they're getting their data from, but not only is their data wrong, but their analysis is poor. Well, let's go to the actual numbers, Stephen. Layer two beat provides a good source for value locked on layer twos. What are we looking at? At the 180 -day time frame, it's basically flat. It's marginally up, it's basically flat. It's a flat TVL, $10 .5 billion. Activity is up, it's up so much. It's unequivocally up by a lot. I'm disappointed in JP Morgan. Wow. Have you ever been not disappointed with JP Morgan, David? I'm generally disappointed by banking in general. Really? You should start a podcast called Bankless, David, about escaping your bank over time, slowly. I think Vance Spencer put that tweet in perspective as well. Actually, I don't think he was responding to that tweet in particular. But we are. We got some perspective here from Vance Spencer. This is Ethereum, if you chart it against some of the fastest growing tech companies in human history, companies like Alphabet was Google, of course, and Meta or Zoom or Microsoft, and how quickly, over time, it took them to surpass $10 billion in revenue. How long did it take them? It took Ethereum seven years. When charted against these other tech companies, there's only one that did that faster, and that is Google. Yeah. Ethereum really did all of its $10 billion of revenue inside of 2020 to 2023. I mean, so look at this line. It's just kind of like a slope line up. So I mean, doing pretty well, all things considered, JP Morgan. Not disappointing. I'm not disappointed by this. And I'm not disappointed. Also, long -term perspective, not disappointed in the price of ETH over the last seven years either. And we can keep going. Uniswap this week hit 300 million in swaps. 300 unique million trades, swaps, has happened on Uniswap. Uniswap was invented in 2019. 300 million swaps since 2019. Is that disappointing? Is that disappointing? I'm not disappointed by that in the slightest. I feel great about that. Maintain my disappointment about JP Morgan. You know, I think it's part of a broader crypto sentiment, and I've seen a lot of takes just in general in news, but even in financial analyst news like JP Morgan research, that sort of thing. It comes back down to this, David. Mainstream thinks that crypto is dead, again, like always. This always happens. And this is what makes this a buying opportunity, as with previous cycles. And when crypto 10x's the next cycle, don't let anybody tell you you didn't earn it. Because if you're buying here, when everyone is saying crypto is dead, it's never coming back. That they're disappointed. That's how you earn. It's so easy. The signals are just being laid at our feet right now. They really are. I tweeted something like that out, and somebody responded with this life cycle. What are we looking at here? Yeah, just like the cycle of the bull bear market. So in the top of the bull market, some crypto friend of you will tell you, a bankless listener, you're so lucky. I wish that I bought two. And then the crypto market will go down and be like, you're an idiot. I told you crypto was a scam. Yeah, so especially when they say the words disappointing, it's such an emotional word. It's kind of just playing into the readership. I don't know if JP Morgan is about that game. I mean, we're in the stage of the cycle where everyone thinks you're an idiot. And they told you it was a scam. And you can't talk about crypto at your family events or parties because you're just the crypto moron who knows nothing. And ha, ha, ha, SPF, FTX, that's so stupid. Scams, frauds, NFTs are such a joke. Well, granted, some of those things are actually true. Sure, sure. But if you're still in crypto and you know why you're here. And you're no longer buying the scams because you can identify them. And then you'll swing back to like, I am a genius. I am amazing. I am lucky. Or third parties will say you're lucky when that happens and you'll feel like a genius. You've been chewing glass for three years, but you know, you got lucky, though. You got lucky. How about the Bitcoin ETF, David? Here's a tweet from James Seyfert. What's this about? He just says that the SEC has come out super early and delayed the ARK Invest and 21 shares Bitcoin ETF filing. There wasn't a decision due until November 11th. And typically up until recently, the SEC has always gone up right up until the buzzer. But they decided to delay their decision on this earlier than usual. You know why? Partially? It's some speculation. It's because the government's about to shut down. The U .S. government's about to shut down. That's on Monday, right? On Monday? Yeah. So apparently if by Sunday night, this Sunday night, Congress doesn't reach some sort of compromise resolution, whatever agreement to keep the government running, then it shuts down yet again. I mean, how many times have we been through this? And so this is the SEC just getting ahead of that so that the stuff doesn't expire while the government shut down. And I guess, I don't know what would happen if the government shut down and these deadlines were missed. But maybe they would de facto be approved. I think that could be how it works. Is this some sort of pseudo oracle about how the SEC thinks that if we do go for a shutdown, we'll get shut down all the way until at least November 11th? I have no idea. I have no idea what this could mean. I do know this is good news. So Congress, both Democrats and Republican lawmakers, sent a letter to Gary Gensler pleading that he approve a spot Bitcoin ETF.
The Bill Simmons Podcast
A highlight from A Dame Trade Deep Dive With Ben Thompson, Plus Seth Meyers and Million-Dollar Picks
"Coming up, Dame gets traded. Million dollar pick Seth Meyers, it's all next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more of this football season. The Ringer is committed to responsible gaming. Please visit TheRinger .com slash RG to learn more about the resources and help lines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit TheRinger .com slash RG. This episode is brought to you by Uber Eats. I just use this. Here's something every football fan should know. You can get everything you need for game day delivered with Uber Eats. Well, almost, almost anything because you can't get the dream flex for your fantasy team delivered with Uber Eats. But Tex -Mex, yeah, great pass protection, can't get it. Great pizza selection, oh yeah. While they can't help on the field, you can get pretty much everything else you need to watch the game delivered with Uber Eats. So this season, get anything, almost, almost anything for game day by ordering on the Uber Eats app. Uber Eats, official on -demand delivery partner of the NFL. Order now. I'll call in select markets and 21 plus to order. Product availability may vary by region. See app for details. We're also brought to you by The Ringer Podcast Network where I put up a new rewatchables on Monday night. We did the big chill. It was very, very exciting. I have Kyle Brandt coming on Monday's podcast. I'm just gonna tell you the movie now because it is gonna be the best moment of your weekend if you spent two hours watching this classic. We're doing Toy Soldiers. It really brings everything possible to the table. So if you wanna watch it ahead of time, there it is. That podcast is going up Monday night. If you wanna hear stuff about the debate, we have Tara Paul and Mary's podcast, Somebody's Gotta Win. That reacted to it as well as the press box with Brian Curtis and David Shoemaker. So there you go. Our debate coverage has been on point. Also, higher learning. Van and Rachel had Larry Elder on this weekend. It made a lot of noise, man. That podcast is great. I hope you check that out as well. Hope you're checking out theringer .com. And on this podcast, gonna talk about the dame trade at the top. We're gonna bring in Ben Thompson from the Techery newsletter, which he's been on this podcast I think four weeks ago. And he's a huge Bucks fan. He's gonna give the Bucks fan side of things. We're gonna do million dollar picks. And then old friend Seth Meyers talking about a whole bunch of stuff. So really good podcast. It's all next. First, our friends from Pro Jam. What's up? All right, I'm taping this on Thursday afternoon. Normally when there's a big MBA trade, I always do the emergency trade reaction right after the podcast. But we just put up a podcast on Tuesday. So I decided to play it a little differently this time. I wanted a little distance, I wanted to listen to stuff, read stuff, and try to form some big picture opinions coming out of this. So I have four smaller ones, then one big one. First one, I thought Portland did an incredible job with this trade. I really liked this trade, especially everyone was trying to bully them in June and July about, oh, you got to take Miami's offer. You just got to. It's where he wants to go. It's the only offer you're going to get. And guess what? They waited. They played it perfectly. They stared Miami down, and they got a much better deal. First of all, they get the Drew Holiday piece that they can flip into a bunch out of their stuff, which we'll talk about in one second. I love the DeAndre Ayton gamble. As you know, on this podcast, I am a big DeAndre Ayton guy. Not in the sense of I'm the biggest fan of his in the world, but I'm a fan of the asset. I just think I love the valued assets, no matter what it is. Whatever market we're talking about, DeAndre Ayton, 18 and 10 for his career, 60 % field goals percentage, 25 years old. He's played in 45 playoff games. He played four rounds in the 2021 finals. Last year, he got his ass kicked by Jokic. Oh, sorry. Like, that never happens. And Phoenix just sold on him, which I can't wait to talk about. But just from a Portland standpoint, they not only get Ayton in whatever they get for holiday, they get the 29 first, they get the two swaps, and they dump Nurkic. Nurkic hasn't had a healthy start to finish all the way through the playoffs here since 2018, which I'm positive was a long time ago. He's basically 12 and 8. He's, you know, a 50 % shooter. I made a list of the top 30 centers. I encourage you to do this at home, because what's more fun than making lists of NBA centers? I can't imagine anything. I made a list of who I thought were the best assets of the center position for talent, contract, everything. He was 29th on my list. The only person I had ahead of him who's technically a starter, unless you start talking about the Detroit or Charlotte guys, was Zubats on the Clippers. I thought he was the 29th best center asset in the league. And Phoenix, you know, just quickly to go to them, they're trying to win this year. They got worse. They turned Ayton's money into Nurkic and Grayson Allen and Nasir Little. Grayson Allen, we already know with him, he can't play in playoff series. We saw him 22. We saw it last year. I heard and read in some places like that, I got two rotation players. Did they? Is Nurkic a playoff rotation player? Is Grayson Allen a playoff rotation player? Because I'm positive he's not. So for the same money that they were spending on Ayton, they got three guys that I don't think are going to help them. In 25, the money comes down a little bit to 23 million just for Nurkic and Little, which is 7 million less than Ayton. And then in 26, that money goes up to 25 .5. But I don't understand what Phoenix was doing. Why not wait to see if Ayton clicks with Vogel? Vogel has such a good history with centers. He rejuvenated Dwight Howard on the 2020 Lakers. He basically created Roy Hibbert's career in 2013 with the defense verticality thing. I thought he was going to do a good job with Ayton. I'm stunned that they gave up on him. I'm almost waiting for one of those, now they tell us stories when, you know, that's where Brian Curtis calls them, where like a week after something happens, there's this kind of notebook dump where it's like, here's seven terrible DeAndre Ayton stories. So maybe that'll happen. But for Phoenix just to be like, cool, we locked this down, man. We got Nurkic. You're trying to win the title. You have KD and Booker and Beal. And like, what are you guys doing? Anyway, from Portland's standpoint, I love the Ayton thing. I love that they didn't get bullied. And I know they're going to turn Drew Holliday into something. So this to me was at least an A minus for them, for where they were two months ago, where Dave's like, I want to go to Miami. That's it. And if you don't trade me there, that's kind of fucked up. And they made this work as it got reported that, uh, I think in the athletic, that he expanded his list to Brooklyn and to Milwaukee in the last two weeks. And that's what Portland was waiting on. You know, they were banking on the fact that he's a competitive dude. He's one of the best 75 pairs ever. He wanted a situation settled. So, you know, you wait, you wait, you wait, they expand the list and then you go. Uh, there's a Drew Holliday piece to this. That's awesome. He becomes a contender prize. I wouldn't call this a Drew Holliday sweepstakes. I reserved sweepstakes for the superstars, but it's a mini sweepstakes. This is somebody that could have a huge impact on the playoff race. You know, not only the usual suspects, everybody's talking about Boston, ironically, Miami is a really good fit for him. And in some ways, um, I'm a little more scared of them with Miami than Dame in some ways, especially at a much cheaper contract with giving up less and keeping some of their assets. Philly, if they could pull it off, they have to be in there in Golden State, Minnesota. I think I have to mention Sacramento, I think is a team that if they could figure out how to get Drew without giving up their core, which is basically Keegan Murray and Sabonis and Fox, like that's, you know, could Davion Mitchell be in that trade with some, with a salary and some picks, who knows. The team that I love for Drew Holliday is OKC. I have OKC, you know, I started doing my MBA research for the over -under spot and I haven't landed on a number for them yet, but to me, they feel like a high forties team with Chet and with the growth of their young guys. And if you just like, let's say they traded Lou Dort and a bunch of their picks, maybe two firsts and two of their lesser picks or three firsts and a second, whatever it is. And they just say, fuck it. And they get Drew and you put him with Giddy and SGA and Jalen fucking awesome Williams and Chet Holmgren and all these other dudes they have, that might be a top three team in the West. I mean, that, that's starting to give me some early 2010s OKC vibes. So where he goes is going to be important. I just feel like there was so much Drew Holliday slander the last couple of days. You know, he's one of my favorite players. Even Haralabob, who was the chairman of the board of the Drew Holliday fan club for years and would have the benefit dinners there and, you know, just did a lot of yeoman's work on that front. And even he was like, yeah, yeah, Dame's better than Drew. That trade makes sense for Milwaukee. I was hurt, Haralabob. I was 100 % hurt by that. But you know, Drew got his ass kicked by Jimmy Butler in the playoffs last year. I get it. It happens. Jimmy was unbelievable. I feel like he would have kicked anybody's ass. By the way, why is Drew Holliday guarding Jimmy Butler? That speaks more to some of the issues with Milwaukee. He was never supposed to be a point guard and a creator. I think he was always better as an off -the -ball guy. We saw that with Rondo and New Orleans and just in general. I want to see him with a point guard. I want to see him just being unleashed, not having the ball a lot, just worrying about hitting threes, being an occasional, you know, make -shit -happen guy and being like the third or fourth best guy on a team without having the offensive responsibility to have. All their half court issues got blamed on him for the last couple of years. And I get it. They weren't like an awesome half -court team, even the other one in the finals, but I really value that dude. I had him, even I did the trade value list in August and I had him 37th and I had Dame 23rd. I think he's one of the best 30 players in the league still. He's 33 years old, which, you know, I'm going to talk in a second about when guards hit their mid -30s, but just in general, I think he's a real asset. If he goes to a team like the Celtics and they can keep Derek White and Tatum and Brown in the center, it's like, look out, man. So little mini sweepstakes, rarely do we get the trade, but then we still get another asset to talk about. Thank you for everyone involved in the trade. And then the fourth small point is just that, you know, not rocket science, Milwaukee bought some Giannis time here. They have one of the best 20 players of all time. They were staring down the barrel of a situation that was not good. I was talking about it on this podcast in late June and early July. I thought he was going to put them on the clock. I thought Mark Lasry selling his stake was a really bad sign for all of this because that dude is smart. As I laid out in June, that guy is really smart. And if he's feeling like, you know what, it's time for me to sell my buck stock, that makes me nervous. And then all the stuff that Giannis said and did, which I thought he did really fairly and really smartly. And I think that dude's about titles and that's it. And I know we say that about players, but I think in his case, I don't think he cares about, you know, what's my legacy, how do I compare against Dirk DeWhisky, any of that stuff. I just think he wants more rings. I mean, think about the guys who have won two rings out of the best 35 guys on my list of my pyramid. Those are all guys in my top 35 that won multiple wings. You go to the one -ring side, Jerry West, Oscar, Moses, Dirk, Jokic, Giannis, Pettit, Garnett, Kawhi, Rick Barry. That's the list he's on now. I certainly don't think he's looking at that list going, I got to get away from these guys, but it's a slightly different list. I think when you win multiple rings in multiple situations, it elevates you in a certain way. I think he fundamentally understands that at least a little bit. I want to be the best player since LeBron James. I think that's a thing that he wants. How am I going to do that? I need more rings. I need more finals trips. He knew from last year and maybe even the Boston series that they just weren't good enough. Whether this trade is going to be the thing that propels them, we'll find out, but he's been in the league 10 years, two MVPs, five first teams, two second teams, and now we have this little two -year window. Kawhi and the Raptors was a one -year window. This is a two -year window, I feel like. With Giannis, he's got two years left in his deals. So does Lopez. Middleton has two in a player option. Dame's got two, and then this crazy $120 million player option extension thingy that he has that just keeps going and going. It's probably two years. There's a world where this could go terribly this season, at least for what the expectations are, and then maybe it becomes Kawhi, Raptors. Maybe Giannis is like, you know what? That didn't work. Trade me. And the Bucks, who have no picks left and no future, they look at it next summer, and they go, all right. We tried it. Giannis, what can we get for you? Dame, what can we get? And they just do a reboot, rehaul. Remember, they won in 2021, which just takes so much pressure out of this. It's so much different than the Clippers situation, where they went all in on Kawhi and Paul George. They give up all those picks and SGA, and they've gotten nothing out of it. They haven't even made the finals. So it's got to happen. I think they at least probably have to make the finals. If they get bounced in round two, do I think Giannis is going to stay because they made this Dame -Mower trade? Probably not. So that leads to the big question, is how good of a trade was this? So there's a big picture angle on Dame, and it's going to sound negative, but I really don't want it to sound negative because I think Dame, I voted for him for NBA Top 75. I think he's been one of the best guards in the last 15 years. I think there's a ton of great things you can say, and there's a chance that he goes to Milwaukee, and this thing is fucking awesome. I know any Celtic fan I've talked to, including Isaiah, who's helping produce this podcast today, the Giannis -Dame pick and roll is just terrifying. Other than Jokic and Murray, it's going to be the single most unstoppable offensive play in the league. It is. We are conceding that point. The spot Dame is in right now, big picture -wise, it's weird. He's a superstar, but he's not, and we've seen guys like this before. I judge superstars by, do you have the resume statistically, and is your team succeeding consistently at a certain level? You can't totally say that about Dame. He's never been on a 55 -win team. He's missed the playoffs completely four times in 11 years. He said three first -round exits. He made the Final Four once in 2019, which was really lucky because Golden State and Houston were the two best teams, and then they got smoked. He's never been on a true contender ever. Instinctively, you go, well, that's not his fault. Who's he played with? Well, he played with LaMarcus Aldridge and CJ McCollum and a couple other guys, but not really anybody. The reason I'm putting this up is there's a success element that he has not had yet that for somebody with his resume is actually kind of unusual. I went and I looked up how many guards in the history of the league averaged 22 points a game for their career and played at least 700 games. I thought the list would be like 20. I didn't know. I didn't know what I was walking into. Only I think 75 guys have averaged 22 a game. So I went and I looked up the list, and it was 10 guys, 700 games, 22 a game for their career. There were some guys who came close like David Thompson, who I think is one of the best guards I've seen in the last 45 years, but had a short career and had some drug issues. He didn't make it. He didn't play enough games. Pete Maravich, 24 .2 points a game, but he didn't play enough games. Kyrie hasn't played enough games yet. Bradley Beale is five games away. I'm actually kind of glad the cutoff's at 700 so we don't have to talk about him. And then Mitchell and Trey Young aren't there yet. There's only 10 guys that made it, and the 10 guys are all fucking awesome. And again, I mentioned this in the context of Dame, who we think he is versus the success he's had. So the 10 guys, Michael Jordan, 30 .1, Jerry West, 27 .1, Allen Averson, 26 .7, George Gervin, 26 .2, Oscar Robertson, 25 .7, Kobe, 25 .0, Harden, 24 .7, Curry, 24 .6, Wade, 22, barely made it, and Russ, 22 .4, and then Dame is at 25 again. All right, what does he not have that those other guys have? Well, MJ, don't need to talk about him. Don't need to talk about Jerry West, who's the freaking logo. Allen Averson, pretty good comparison, right? Big stats, really memorable player, but not a ton of success. Here's the difference. Averson made the finals once. He won an MVP. Dame has done neither of those things. George Gervin was the best scoring guard of the 70s. He made two final fours. He had some bad luck. He really, in 79, really should have came close. And some of it's on him, right? He could have come through. Bobby Dandridge is the one that ended up coming through for the Bullets. They lose. But two final fours, he had four top five MVP finishes, five first teams, four second teams. He was just unassailably the best guard in the league until MJ. Oscar Robertson, don't need to go through him, but he won a ring and an MVP. Kobe, five rings and an MVP. Eleven first teams for Kobe, by the way. James Harden, three final fours, an MVP, six top five MVP finishes, six first team MBAs. And even though Harden has never made the finals as the best guy, he made it with OKC as the sixth man, you could build a contender around Harden. We saw it. We haven't really seen it with Dame. I think that's a fair thing to bring up. Curry, four rings, two MVPs, you know, the Curry thing. Dwayne Wade, three rings, two top five MVPs, two first teams, three second teams. He's more in the Dame waters a little bit, but he had the 2006 finals and he was the second best guy with LeBron on those heat teams. And then Westbrook, who you would say, well, Dame had a better career than Westbrook. Did he? Westbrook made the finals in 2012. He was second best guy on that team. Almost made the finals in 2016. He won an MVP. He had two first teams and five second teams. It's at least like a real argument. And I think when you look at Dame, he only had that one 2019 round three, got bounced. He's only had one top five MVP finish. He's only had one first team MBA and four second team MBAs. Really, really good top 75 career. But the piece that's missing is, have you been on a really good team? Have you made a real run at it? Which is why, you know, I think this Milwaukee trade is so much fun. This is his real chance. I get nervous about a couple things with this trade. One is that, you know, if you look at the 33 and older guards who average 22 points a game in a season. Jordan did it twice. Curry did it twice. Still going. Kobe did it three times. Jerry West twice. Sam Jones once. Hal Greer once. That's the entire list. Now the NBA is different. We have more three -pointers now. It's easier to score. Scoring is the easiest it's ever been. Guys can play at a longer age. So I'm not ruling out Dane being good for the next three years. But just pointing out, history is saying, be a little nervous. In general with guards, like Chris Paul, we saw from age 35 to 36 to 37, like it just dropped. But that's two years older than Dane. Maybe it's fine. I just worry about guards. We have not a lot of instances with guards in their mid -30s of them either peaking as players or being able to sustain whatever success they had during their prime. It always starts to go down with really no exceptions, except for Steph Curry. He's the only non -exception. So if your case is Dane's as good as Steph Curry, or Dane can be as potent as Steph Curry on a winning team, like, you know, Steph Curry is better than Dane, but I'm not going to argue that he couldn't do a lot of the stuff that Curry did in Golden State. The bigger issue for me, the age I'm definitely worried about. Dane has not been healthy the last couple of years, and we have not seen him play nine straight months at playoff basketball with a big bullseye on his back. Everybody coming after you, you're the best team. We haven't seen him do that ever, much less than the last couple of seasons. So can he stay up? Can he stay healthy? That's one thing. The defense with Dane just got kind of swept under the rug the last couple days, and I don't really understand it because there's five categories of defensive player I feel like. There's excellent, there's good, there's average, there's not so good, and then there's bad. And I think Dane's a bad defender. I think the stats back it up. Like, his defensive rating last year was 245 out of the guards. He's the 245th guard for defensive rating. You know, 117 .4 individual defensive rating is 483 overall. Portland's team's always defensively, it was the Achilles heel for them. Partly because of Dane, because he couldn't guard anybody. He's too small. And, you know, think about what we saw from the playoffs the last couple years. I think about the 2020 bubble Celtics playoffs, not infrequently, because I think that team had a chance to potentially win a title. What happened? Everyone hunted Kemba Walker. It was hunting season. It's like, where is he? Got to get a switch. Got to get Kemba Walker guarding somebody who's bigger, or got to beat him off the dribble, and it just became a hunt session with him. And basically, he got played out of the league. He's not in the league anymore. You know, we had this with Isaiah Thomas, too, in the mid -2010s. I think it's been an issue with Kyrie Irving. The Celtics certainly went at him in the playoff series with Brooklyn a couple years ago. Curry, you saw, who I think is a better defender than people give him credit for, but the And he's a much better defender than Dame is. Jordan Poole is somebody that got hunted in playoff series recently. Chris Paul, obviously, is a big one. Jalen Brunson, remember what the Heat did to him? Mitchell, when he was on Utah, this was a huge issue. And then Trae Young, obviously. My fear with Dame is he's a DH, and I think in Portland, part of the reasons he was able to put up the stats he did was because he wasn't playing defense, right? It was just, how many points can I score? My team isn't very good, and I'm just going to do my thing. He's an incredible offensive player. But how much of a trade -off is the defense, right? Well, you think, all right, well, Milwaukee, they're really good defensively. They'll be able to protect him. Here's the team. Giannis, Dame, Lopez, Portis, Middleton, Conaton, Beauchamp, Crowder. Who's guarding Trae Young on this team? Who's guarding Jason Tatum? Here's a partial list of guys that I don't think this team will be able to guard this season. Devin Booker, Tatum, Butler, Trae Young, Kyrie, Curry. Who's going to be chasing Curry around the screens? Dame lowered? Good luck. SGA, Luca, Mitchell, Murray, Edwards, Brunson, Ja, Garland, Fox, Halburn. Are they going to be able to cover Derek White? I don't know. The way this team is constructed, they are not going to have the ability to guard other guards at all, which means they're just going to have to be in a shooting match with them, right? It's going to be not much different than what's going to happen with Phoenix, where they're just literally going to have to outscore the other team. I've just watched too much playoff basketball over the last couple years, where it's like, if you have that weak link on defense, and you're playing a team that's smart enough, they're going to go after that weak link. Like, think about them against the Lakers, right? The Lakers figure their crunch time. Let's say they make the finals. It's Milwaukee and the Lakers, and Lakers crunch time. They're going to have LeBron and Davis and Austin Reeves and, I don't know, a shooter and a point guard, whatever. All they're going to be doing is trying to find where Dame is on the court and going after him. What about when they play Boston? Boston puts out White and Brogdon and Tatum and Brown and a center, and all they're going to be doing is trying to make sure Dame is covering somebody who has the ball who's now torturing him. I think it's a real problem for them. And what's funny is they gave up Drew's defense and, you know, they, what they gave up on defense, which is significant, and they gained an offense, it might end up just being a wash and they might just be a different version of the same team where they still have a huge flaw. It's just on the other end of the court. I'm just shocked that nobody brought up the defense. I agree he's an amazing offensive player and what's cool about this trade and what I'm excited about as a basketball fan is, can he go up a level? Right? A lot of these stats he put up, especially the last couple years. They didn't mean anything. They were, he was on bad teams. Like, who cares? Ultimately, Bradley Beal scored 30 points a game on the Wizards. Who cares? I think most really good offensive players, if they're on a bad team, can get between 25 and 30 a night. Can you do it nine months in a row? Can you do it when you're getting hunted on defense all over the place? How much can Milwaukee protect him? And what does he have in the tank at age 33 with 900 plus games on the O 'Dominor already? I'm still afraid of the Bucks, but people have, like, FanDuel had them as best odds in basketball and I think most people feel like they're the favorite now. I don't feel like there's a favorite. I think you can go through every team. Boston, I could, I'm scared of Porzingis. What's going to happen with Jalen Brown out there? He has contracts. Can Peyton Pritchard, all these different things. Philly, God only knows. Miami, they're unquestionably worse. Yeah, Milwaukee is going to be really good, but depending where Holiday lands and how this all plays out, I just think it's still wide open. And the other piece, so if you're just talking Boston, Miami, Tatum kills Milwaukee. I have no idea why. Boston is kind of built to at least stay with Dame and, you know, Derek White is about as good of a person you're going to have to try to keep Dame in check, at least. And Boston's done a really good job of guarding Giannis over the years. They don't have Grant Williams this year, but I just don't think, I think there's as many ways this goes wrong as it goes right, I guess would be my final thought on this because for what they gave up, especially with that 29 unprotected and the two swaps and, you know, they are all in on this team. And you know my theory, when you go all in on a team, you better think you can win. Not positive, but it's an awesome trade. It really is. It makes the league so much more fun. Dame and Giannis together. I'm going to enjoy watching Portland. I still have my eating stock. Watching Phoenix fans slowly realize that Derkiszna isn't the answer is going to be fun and then we'll see where Drew Holliday goes. So really fun trade. We're going to talk about it a little bit more with Die Hard Bucks fan, Ben Thompson in one second. Let's take a break.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. 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. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Ethereum Daily
A highlight from CCIP Goes Live On Base Mainnet
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, September 27th, 2023. CCIP goes live on base mainnet, Pimlico releases a typescript library for ERC4337 operations, Michael Igorov fully repays his Aavev2 position, and Rated Labs raises 12 .8 million dollars. All this and more starts right now. The Arbitrum on Gitcoin Grants round is now live, if you'd like to support this podcast please consider contributing by visiting ethdaily .io forward slash gitcoin. Chainlink's Cross -Chain Interoperability Protocol or CCIP is now live on base mainnet, an OP stack chain by Coinbase. Developers can now build CCIP -powered cross -chain solutions on base, including arbitrary messaging, cross -chain transfers, cross -chain collateral, and cross -chain account abstraction. CCIP also provides simplified token transfers, a bridging solution that uses audited token pool contracts for burning and minting tokens. Several projects have already integrated Chainlink CCIP on base, including Raft, Noun, Folks Finance, and Polychain Monsters. CCIP was first launched to mainnet in July of this year. Pimlico, a provider of account abstraction infrastructure, released Permissionless .js, a typescript library that functions as an SDK for handling ERC4337 user operations, bundlers, and paymasters. Permissionless .js is built on VM, an alternative Ethereum typescript interface to Ether .js and Web3 .js. The library is designed to eliminate complexity by using small bundle sizes, optimized network calls, and improved type safety. Developers can integrate the library into their existing VM client using a single command. Pimlico already offers developers an ERC20 paymaster and ERC4337 bundler written in typescript. Curve Finance founder Michael Igorov has completely repaid his Curve collateralized position on ClickOnChain, Igorov deposited 68 million Curve tokens into Silo Finance as collateral and borrowed more than $10 million in Stablecoin, which he used to clear his outstanding AveV2 position. Over the summer, Igorov partially repaid various DeFi positions amid a decline in Curve's price. Due to the potential risk of bad debt on the protocol, Ave considered suspending Curve as a collateral type on AveV2. Igorov still holds over $40 million in debt that is collateralized by Curve tokens spread across Silo Finance, Fraxland, Inverse Finance, and Cream Finance. And lastly, Rated Labs raised a $12 .8 million Series A funding round led by archetype. Rated Labs is the project behind validator rating platform Rated Network. The project plans to use the fresh capital toward improving existing products, extending support to new proof -of -stake chains, and upholding transparency and data integrity. Rated Labs has also collaborated with the Liquid Collective to establish standards for monitoring performance and governing active validator sets. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also, subscribe to our newsletter at ethdaily .io.
Coronavirus
A highlight from CCIP Goes Live On Base Mainnet
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, September 27th, 2023. CCIP goes live on base mainnet, Pimlico releases a typescript library for ERC4337 operations, Michael Igorov fully repays his Aavev2 position, and Rated Labs raises 12 .8 million dollars. All this and more starts right now. The Arbitrum on Gitcoin Grants round is now live, if you'd like to support this podcast please consider contributing by visiting ethdaily .io forward slash gitcoin. Chainlink's Cross -Chain Interoperability Protocol or CCIP is now live on base mainnet, an OP stack chain by Coinbase. Developers can now build CCIP -powered cross -chain solutions on base, including arbitrary messaging, cross -chain transfers, cross -chain collateral, and cross -chain account abstraction. CCIP also provides simplified token transfers, a bridging solution that uses audited token pool contracts for burning and minting tokens. Several projects have already integrated Chainlink CCIP on base, including Raft, Noun, Folks Finance, and Polychain Monsters. CCIP was first launched to mainnet in July of this year. Pimlico, a provider of account abstraction infrastructure, released Permissionless .js, a typescript library that functions as an SDK for handling ERC4337 user operations, bundlers, and paymasters. Permissionless .js is built on VM, an alternative Ethereum typescript interface to Ether .js and Web3 .js. The library is designed to eliminate complexity by using small bundle sizes, optimized network calls, and improved type safety. Developers can integrate the library into their existing VM client using a single command. Pimlico already offers developers an ERC20 paymaster and ERC4337 bundler written in typescript. Curve Finance founder Michael Igorov has completely repaid his Curve collateralized position on ClickOnChain, Igorov deposited 68 million Curve tokens into Silo Finance as collateral and borrowed more than $10 million in Stablecoin, which he used to clear his outstanding AveV2 position. Over the summer, Igorov partially repaid various DeFi positions amid a decline in Curve's price. Due to the potential risk of bad debt on the protocol, Ave considered suspending Curve as a collateral type on AveV2. Igorov still holds over $40 million in debt that is collateralized by Curve tokens spread across Silo Finance, Fraxland, Inverse Finance, and Cream Finance. And lastly, Rated Labs raised a $12 .8 million Series A funding round led by archetype. Rated Labs is the project behind validator rating platform Rated Network. The project plans to use the fresh capital toward improving existing products, extending support to new proof -of -stake chains, and upholding transparency and data integrity. Rated Labs has also collaborated with the Liquid Collective to establish standards for monitoring performance and governing active validator sets. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also, subscribe to our newsletter at ethdaily .io.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-27-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. It does feel choppy. That's AI at work, right? In the stock market, no clear direction there, but then you take a look at the bond market, the message is clear, yields are higher right now. Yeah, absolutely so, and as you appear to be the good driver, about half the stocks in the S &P are lower, about half the stocks in the S &P are higher, you put it all together, and the net effect is really a market that is unchanged on the day. Of course, it takes time for these numbers to settle, but right now the S &P 500, right around 4 ,274, which is right around where it was yesterday at the close, basically unchanged here on the day. The Dow Jones Industrial Average did move a slightly lower here on the day, down by about two tenths of a percent, the NASDAQ Composite higher on the day by two tenths of a percent, while the Russell 2000 is gonna finish the day. As the relative out performer, higher on the day by about 17 points. Alright, we're gonna get into industry groups in just a moment, but I do want to point Energy, really the out performer, this is oil jumps to a one year high, has to do with levels at Cushing dropping to the lowest since July of 2022. Again, the supply demand dynamics at play, but you know, Katie, I feel like we continue to talk about Energy being really an out performer. I'm gonna do that right now, you take a look at the industry groups, Energy up about two and a half percent, we all know the story, oil prices in particular through the roof, that's benefiting the equities as well. Capital Goods also saw a strong day, as too did some of the semis, and of course we're awaiting Micron results after the bell. You go down the list, there is more red than green, you can see down at the bottom, Autos not doing too hot today, and Utilities, interesting, one of your defensive plays off by about 1 .9 % today, Carol.
CoinDesk Podcast Network
A highlight from SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 2
"The most important thing is, you know, just because a lawyer tells you something is okay, that's not a defense. Geez, he said it. He seemed to think everything was okay. Yeah. That's not an advice of counsel defense that negates criminal intent, that's an excuse. In part two of our series digging into SPF's defense, we dissect Sam Bankman -freed's claims that his lawyers played a larger role in FTX's collapse than he did. It might sound like a stretch, but there is legal precedent behind it. SPF also says he was pressured by counsel into turning FTX over to their hand -picked successor. In this episode, we sit down with Mark Litt, the prosecutor who took down Bernie Madoff, Travis Kling, a fund manager who still has millions of dollars tied up in FTX, and Mr. Purple, a pseudonymous crypto investor and fellow FTX victim, to see if there's any legitimacy to SPF's claims that lawyers who were there for FTX's rise are now primed to rake in hundreds of millions of dollars in legal fees. Money that SPF says should be used to pay back depositors. I'm Zach Ousman, you're listening to the SPF Defense Podcast, a coinage investigation. SPF's position is that FTX would have made it through the crisis if not for his lawyers, which conspired to steal the company out from under him, cover up their role in its operation, and siphon hundreds of millions of dollars in legal fees from the bankrupt estate. SPF even names one lawyer in particular, Ryan Miller, who joined FTX US from the law firm's Sullivan and Cromwell, and planned on returning there after his time at the exchange, according to an affidavit from FTX's top lawyer. SPF says Miller conspired to hand the company over to Solcrom and their chosen agent, John J. Ray III, who also handled Enron's bankruptcy. And whether you come to believe Sam's claims or not, Solcrom and Ray clearly won. If FTX's bankruptcy process takes the two years like Enron's did, it's on track to cost over $800 million. And Solcrom's relationship has already been called out by more than just Sam. It's even been raised as an issue by senators and 18 state regulators. But could SPF be right about Ryan Miller and Solcrom's nefarious motives? And even if they did do some evil lawyer shit, will it be enough to get SPF off the hook? To fully understand this defense strategy, it helps to start with SPF's story behind his attempt to plug the now notorious multi -billion dollar hole at FTX back in November's collapse. As the story goes, he was preparing to handle the liquidity crisis by courting Nomura, Japan's largest investment group, and the crypto company Tron, who had pledged billions of dollars in liquidity to FTX, while other investors were still deliberating. SPF had said he planned on giving away most of his equity in the company, and therefore most of his wealth, in an attempt to make customers of FTX International whole. SPF has always maintained that FTX US remained completely solvent right up to the end. But SPF says his rescue plan failed because Ryan Miller and Solcrom agents at his company, including Tim Wilson, another FTX lawyer with a past at Solcrom, pressed him repeatedly to sign the company's over to John Ray in bankruptcy, and even implied that if he refused, they could have him arrested and quote, change control in order to authorize a proper insolvency process. SPF said he changed his mind within 10 minutes of signing, but it was already too late. And he says his lawyers reneged on their promises to let him select a board share, blocking him out of his accounts and refusing to communicate further. As soon as John Ray was installed, he chose Sullivan and Cromwell as FTX's primary counsel. To be fair, SPF actually has a point when it comes to the sketchiness of that process. Even outside legal observers have taken issue with Solcrom being tapped as the firm to manage FTX's bankruptcy. In fact, a bipartisan group of two Republican and two Democratic senators, including Elizabeth Warren, sent a letter to the judge overseeing the case, urging him to appoint an independent examiner rather than Solcrom, which worked with FTX and Alameda before the collapse, bringing in $8 .5 million in legal fees. The senators argued, quote, given their longstanding legal work for FTX, they may well bear a measure of responsibility for the damage wrecked on the company's victims. Regulators from 18 states echoed that issue, saying appointing an independent examiner wasn't just right, it was also legally required. But back in February, the judge in the case threw out those requests, saying it would cost too much money, though we should note FTX's lawyers also charged the bankruptcy estate $21 ,000 over 20 days just for meals, which apparently isn't too much to spend. And if you ask the victims in FTX's collapse, this is all pretty important, considering it's their deposits and claims at stake. And if their money is being drained in broad daylight by a law firm who also helped FTX pre -collapse, that might not sit any better than Sam spending it. We talked to Travis Kling, who lost his crypto investment fund in FTX's collapse, and asked him to weigh in. If you ask me at the very beginning, do you think this is going to be one of the most expensive bankruptcies in U .S. history, I would say yes. Yes. You know, it's enormous. There's a ton of fraud, and it's magic internet money. Trying to kind of Monday morning quarterback this and say, oh, Sam would have been better off not filing for bankruptcy. That's not something that I feel very strongly about. And Solkrom's outrageous fees aren't the only reason for concern. SPF also claims Solkrom gave a clean bill of health to Alameda's trading accounts on FTX in a report with the CFTC just months before the collapse. Furthermore, in his affidavit, Dan Friedberg, who was both FTX's chief compliance officer and Alameda's general counsel until he stepped down following the crisis, says Miller only included FTX U .S. in the bankruptcy proceedings precisely because Miller knew it had the funds to pay Solkrom for its work, which backs up what SPF said about how FTX U .S. was never insolvent. So this may be a case of the fox guarding the henhouse. Solkrom denies any of this, of course. The firm's top bankruptcy lawyer, Andrew Dietrich, who told other lawyers FTX was rock solid in an email just days before the bankruptcy, said he only spoke with SPF twice. The FTX debtors also countersued Friedberg to seek damages, alleging he breached his fiduciary duties. We can't say much more beyond that because Solkrom never got back to us when we asked for a comment. But one thing is clear, what guidance Sam's lawyers gave him, and particularly what they knew about the business, will become integral to SPF's defense at trial. Even if you asked Ryan Miller before the collapse, the laws are pretty simple for any business, crypto or otherwise. Here he is explaining that concept at an MIT Bitcoin meetup in July 2022. Don't do fraud, don't lie, don't release materially incomplete statements. That then creates a basis for liability, liability from a criminal authority, be it a Department of Justice or liability in a civil context. Yet according to Caroline Allison's guilty plea, they had trouble following even those rules. In her sworn testimony, she said, quote, I agreed with Mr. Bankman, Fried and others to provide materially misleading financial statements to Alameda's lenders. Could Miller or any of SPF's lawyers, for that matter, be one of those others? Sam's other allegation that Miller contacted the DOJ to turn over documents that led to his indictment days before SPF linked, which controlled the company, makes Miller start to look even sketchier. But even if Solkrom really does have a true conflict of interest, could SPF really use their role in everything that happened to get an acquittal? Given that I'm not a lawyer, we pose that defense to Mark Litt, the prosecutor who took down Bernie Madoff. Can a lawyer be a criminal? Sure. Yeah. Can a lawyer be part of a criminal enterprise? Yes. Do they often go down? I don't know a lot of reputable lawyers who are going to bless lying to investors, lying to banks, intermingling funds, lying to auditors. If he happened to find one who knew all that was going on and blessed it, then maybe as a defense. But I tend to doubt it. You can't think of it as, well, oh, well, you know, Sullivan and Cromwell was involved or a former Sullivan and Cromwell lawyer was involved and, geez, he said he seemed to think everything was okay. That's not an advice of counsel defense that negates criminal intent. That's an excuse masquerading as an advice of counsel defense. Advice of counsel defense is very specific and narrow. You need competent counsel and they'll stipulate that any lawyer at Sullivan and Cromwell is competent in the subject area that they're being asked about. Second, every material fact has to be disclosed to them. Third, you have to seek their legal opinion on a subject. And fourth, you have to follow the advice. So if the defense can make out those elements, I would think they'd be able to present the defense and it might have a shot of winning. So Sol Cromwell might not be saints, but as we covered last time in episode one, SPF isn't exactly facing a trial over FTX's collapse. He's charged with a lot of things that led up to FTX's collapse. Arguably, what's alleged to have happened post -collapse matters more for FTX's victims. And if you ask them, the reviews are mixed on exactly what's played out thus far. If I'm going to judge Sullivan and Cromwell and John J. Wray from my purview of being someone who's seen these things in bankruptcy, I would give them a very low grade because you can say, oh, this is crypto, it's difficult, but it's not that difficult. And sometimes the devil you know is better than the one you don't. I will say that these debtors are extremely bad in my professional experience. That was Mr. Purple, a pseudonymous crypto investor who has experience following bankruptcy proceedings. For former FTX customers like him, Sam's spat with Sol Cromwell matters very little, as long as the firm can help achieve a meaningful recovery of their funds. And despite the fact that legal fees are stacking up, the bidding market for FTX customer claims is showing a growing hope they might not be stuck with pennies on the dollar. Another way to frame it is, you know, there's a claims market for FTX claims, trade claims, trade actively. There's a little niche of traditional finance that all they do is go around to different bankruptcies in all industries and they buy claims. This is this is a, you know, a subsector of of investing. And this is a huge bankruptcy. So this has been a very big liquid market. Right. And the first, you know, we're a very big creditor in this. So, you know, I'm in active conversations in this claims market. First, first bid we saw was in Thanksgiving and it was like six cents. That was the first bid. Six cents on the dollar, six cents on the dollar. And now now it's like 40 cents. And so it's gone from six to 40 cents. So then I'm like, OK, well, that feels quite good. Yeah. And OK, these guys are charging a load of money for that, but they have taken us from six cents to 40 cents. With both FTX's bankruptcy case and SPF's criminal case unfolding in real time, one may very well impact the other. We filed a Freedom of Information Act request for the CFTC to share the report. Sam says Solkrom filed to support that FTX's structure was above board. The agency denied our request, saying it's unable to share documents that, quote, could interfere with the conduct of federal agency law enforcement activities. And of course, as long as Solkrom selected John Ray is running the show at FTX, it's unexpected anything comes out to support SPF's case. FTX, too, didn't get back for comment. So unless SPF has direct evidence of lawyers being aware of FTX's shaky financials and helping for years to cover it up, it's hard to judge SPF's advice of counsel defense or the idea that he thought he was in the clear leading up to the collapse just because his lawyers said it was fine. As Litt said, that sounds more like an excuse than a defense. As a community owned Web3 media outlet, Coinage will be breaking down everything we've learned together through this series and curating still unanswered questions at Coinage .Media. I'm Zach Guzman. This was the second part of Coinage's investigative series covering SPF's defense. Stay tuned for episode three, where we'll explore another pillar. Of SPF's defense. You've been listening to the SPF Defense on the Coindesk Podcast Network. Follow the Coindesk Podcast Network to get all the Coindesk shows in one place and head over to Coindesk .com for all the Sam Bankman freed coverage. Thanks for listening.
The Breakdown
A highlight from Huobi Changes Name to HTX and Almost Immediately Gets Hacked
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, September 22nd, and today we are talking hacks, hacks, hacks. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, today we start this show talking about Ben Armstrong, better known as BitBoy, who was arrested last night after he won, posted to his YouTube that he was going to confront a former business partner about the Lamborghini that he said was his, two, went to said person's door and rang the doorbell, three, did this with a gun and illegal narcotics in the back of his car, along with another business and affair partner to boot, and then four live streamed himself getting arrested. Just kidding. I'm not going to talk about that ever at all. In fact, I will only say this. The crypto space gets exactly the level of influencers it deserves. So perhaps as we think about where we want to be heading into the next bull market, we might want to choose who we listen to with just a hint more discernment. Now, what we're actually going to be talking about today is the plague of this bear market. Well, outside of Gensler, of course, and that is hacks. A wave of hacks impacted crypto firms starting over the weekend. On Friday, Nansen disclosed a security breach at a third party software vendor. The attacker was able to gain access to admin rights of a Nansen account in charge of facilitating client access to the platform. Nansen claims it, quote, managed to stop the unauthorized access shortly after learning about it and launched an immediate investigation. According to Nansen, wallet funds were unaffected. All affected users had email addresses exposed, while smaller user cohorts had password hashes accessed and wallet addresses revealed. Nansen urged all users to double check emails claiming to be coming from the company and be vigilant for phishing attempts. So that was Friday. Then on Saturday, OpenSea disclosed that one of its third party vendors, quote, experienced a security incident that may have exposed information. They warned that user API keys were compromised. The company noted that the incident was not expected to impact any programs which use an OpenSea API key, but that external parties using exposed keys could experience rate and usage limits. OpenSea plans on shutting down existing keys by next Monday and asked users to rotate their keys. A third exploit was disclosed early on Monday morning. Mixin Network, which is a nominally decentralized wallet service, said it lost $200 million in customer assets during an attack early on Saturday morning. Crypto developer Lawrence Day at Function Zero writes, Also, respectfully, how are you losing $200 million from a cloud breach? So this company Mixin was founded in 2017 and had nearly $400 million in protocol funds across 48 chains. The service allows users to send digital assets assigned to phone numbers and its biggest market appears to be Hong Kong. Now the firm said that it can guarantee the safety of around half of user assets, but that guarantee seems to be in the form of a corporate backstop rather than the product of successful threat mitigation. During a livestream on Monday addressing the attack, Mixin founder Feng Xiaodong said, No matter what your assets are, whether it's Bitcoin or Ethereum, we will ensure that half of it is unaffected. We're trying to find a way to recover the compromised money, but that is very difficult. For the other half of the assets, Mixin is considering offering what they are calling bond tokens for users to claim. The firm would later buy back the tokens, making them similar to other token -based recovery schemes seen in the past during events like the Bitfinex hack. A security firm called Slowmist is involved in the investigation and stated that the incident occurred when a cloud service provider database was attacked. Now if this feels like just the latest in a string of big hacks, that's because it is. In 2022, we had the record of $3 .1 billion in funds lost from hacks. And estimates this year include TRMLab saying that $400 million was stolen in Q1, Immunify saying that $700 million was lost in the first half of the year, and then just in Q3 we've had a 126 multi -chain hack in July, a $61 .7 million market -based protocol exploit of Curve Finance in July, $41 .3 million hacked from Stake .com in September, and another July hack of $37 million at CoinsPaid. So from estimates, it looks like this might be the largest hack of the year, roughly the same size as Euler in March. Still, even though it wasn't the biggest, the most high -profile hack of the weekend was disclosed on Monday as well, and that was from HTX. HTX, formerly known as Huobi, suffered the loss of 5 ,000 ETH worth around $8 million on Sunday evening. Justin Sun claimed in a Twitter thread that, quote, HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. Sun added that, quote, all user assets are SAFU and the platform is operating completely normally. Now, in addition to disclosing the loss, Sun downplayed the impact of the attack, stating that, quote, $8 million represents a relatively small sum in comparison to the $3 billion worth of assets held by our users. It also amounts to just two weeks of revenue for the HTX platform. Sun disclosed the wallet address of the hacker and added, We are willing to offer 5 % of the stolen amount, $400 ,000 USD, as a white hat reward to encourage the hacker to return the stolen funds. If the hacker returns the funds, we will also hire them as a security white hat advisor for HTX. However, they said, if the funds are not returned within seven days, we will transfer the information to law enforcement authorities for further action and to prosecute the hacker. In an on -chain message to the hacker, HTX claimed to have discovered their, quote, true identity. Now, according to Arkham Analytics, the attack affected an HTX hot wallet, which was created in March. Since then, the wallet has received $500 million in deposits from Binance, and on -chain analysts confirmed that funds have now been migrated to a new wallet. Now, there were a lot of comments relating to the name change of this exchange. Crypto Kaleo writes, Huobi changes its name to HTX and gets hacked for $8 million in the first month? Coincidence or tempting fate? Lawrence Day again said, I'm sorry, but renaming Huobi to HTX and then immediately losing millions of dollars is so effing funny that I might have a stroke. Even Binance's CZ said, A week after you rename your exchange after FTX... Jokes aside, our security team will help in tracking hacker funds in all cases where we can. Now, in addition to just the jokes about the HTX name, there are lots of questions floating around about Huobi solvency. To get a sense of some of those theories, go check out Adam Cochran's account. It's a little bit out of the scope of this particular episode, but it's obviously something that we're watching closely. Now it's unclear at this stage whether these attacks had any sort of links, but the small amount of detail available does show some common features. The first three hacks all blamed a third party service provider. While the provider was not named, Nansen did urge them to disclose the security breach. These attacks come just weeks after crypto custody firm Fortress Trust suffered a $15 million attack, which was also related to a security failure at a third party cloud provider called Retool. In that attack, an employee at the software provider was the victim of a phishing attack. The attacker used an AI -synthesized voice clone of an IT support worker to replicate the employee's credentials to access Retool's systems. In their write -up of that attack, Retool said that 27 customer accounts were compromised. All 27 were crypto companies. So the method of attack here, which uses a combination of social engineering and a bypassing of security measures, also bears a striking resemblance to the write -ups of the recent cyber attack on MGM and Caesars casinos. The casino's systems were hacked two weeks ago with customer and corporate data compromised. Postmortems of the attack claimed that hackers used a voice replication of IT workers to gain access. Identity management firm Okta confirmed that the casinos had been using their systems to credential employees. In an August blog post, Okta said that their customers were seeing, quote, consistent pattern of social engineering attacks against their IT service desk personnel, in which the caller's strategy was to convince service desk personnel to reset all multi -factor authentication factors enrolled by highly privileged users. The casino attacks were attributed to a threat actor known as Scattered Spider using malicious software developed by Alfie or Black Cat. Now if these attacks are all part of the same cybercrime spree, it could speak to a group of hackers going after high -value targets like crypto firms. The vulnerability seems hard to address as it involves security training for employees at third -party software providers. And one of the implications is, if these kind of attacks become a systemic threat to the industry, it could mean more crypto firms need to bring sensitive software in -house. That higher barrier to secure operations could make it more difficult for smaller startups to compete in the industry. Now of course for any of you who are listening to the AI breakdown, you'll also recognize that this is not going to be a problem that's unique to the crypto industry. The casino attacks speak to that as well, but the reality is that voice cloning technology is incredibly advanced and just getting more so all the time. Individuals and companies are going to need to develop entirely different modes of operation that recognize the fact that you simply can't trust a voice on the other line of a call anymore. Now when it comes to the impact of these hacks on the industry outside of just the ramifications for the people who lost money themselves, it's hard exactly to know what the real impact is. On the one hand, it certainly lends to a perception of immaturity overall, but at the same time, when it comes to the geopolitics and regulation of crypto, the hacks that are most important to keep an eye on are those that have some sort of geostrategic ramifications, particularly those emanating from the Lazarus Group in North Korea. Still, being this deep into a bear market and trying to match all -time records for hacks is not necessarily the place we want to be overall. The one other story that I wanted to cover on today's show is a bit of a dust -up around the Celsius restructuring. In short, the Celsius bankruptcy could be coming to a close after creditors have voted in favor of the current recovery plan. 98 % of creditors gave the thumbs up to a plan which would see the sale of assets to crypto consortium Fahrenheit Holdings. The acquiring group includes Errington Capital and miner US Bitcoin Corp. Fahrenheit plans to retain and operate mining equipment owned by Celsius under a new corporate structure. The new company also plans to stake Ethereum and monetize other Celsius assets. Some large creditors will receive equity in this new company. And in addition, another $2 billion in liquid crypto will be distributed to creditors. Overall, the plan is projected to provide a 76 -85 % recovery. Now one remaining snag in the plan is an objection from the SEC. The regulator filed its objection last Friday to express concerns with Coinbase's involvement in the process. Celsius receivers plan to use Coinbase as an intermediary to distribute crypto to creditors. The SEC claimed the agreement could require Coinbase to The SEC filing claimed that However, this court should not be asked to approve a deal where their material terms are missing or inconsistent. The regulator also appears concerned about an additional agreement with Coinbase, which Celsius have attempted to file under seal and have not yet disclosed. Coinbase's Chief Legal Officer Paul Grewal hit back at the SEC's objection in a Twitter post stating, Now, Wayne Vaughn had a very simple explanation, saying, And of course, this isn't the first time we've seen the SEC stand in the way of a bankruptcy distribution agreed to by creditors. In March, the SEC objected to Voyager using Binance US to distribute crypto to its creditors, which was of course months before the regulator had filed its lawsuit against Binance but still based their objections on claims that the exchange was an unregistered securities brokerage. A very unimpressed judge in the Voyager case called it This time around, of course, the SEC at least does have an ongoing lawsuit that they can point to regarding Coinbase's brokerage services, but the objection does still seem odd given that the regulator didn't seek an injunction to prevent Coinbase from operating as normal in the interim. The Celsius case will return to court next Thursday to hear the SEC's argument and see if the judge is inclined to allow the plan to go ahead. Now one interesting line of discussion are the implications for the spot ETF applications that are outstanding. Adam Cochrane writes, Now, speaking of ETFs, Bitwise filed an amendment to its spot Bitcoin ETF application on Monday, adding 40 pages of research on Bitcoin market structure. The research aimed to preempt arguments from the SEC, which could be used to reject the current batch of ETF applications. Bitwise claimed to show that Bitcoin futures are the primary market for price discovery with spot prices following futures. According to Bitwise, this would mean that the well -regulated CME futures market should be the primary consideration when looking for evidence of market manipulation. They argued that this trading venue should count as a regulated market of significant size for market surveillance purposes. As part of their argument, Bitwise also cited a previous study from 2019, which suggested that Bitcoin's spot market mainly consisted of fake volume, making the relative size of the regulated futures market much larger in comparison. Regarding the price impact of futures, Bitwise found in 2021 that futures markets accounted for between 52 .97 % and 68 .03 % of Bitcoin's price discovery. Now this isn't the first time Bitwise have dropped large amounts of Bitcoin research on the SEC to dispute their claims. They have produced at least two 100 -page -plus reports in support of previous Bitcoin ETF applications. Bitwise Chief Investment Officer Matt Hogan explained his firm's strategy in a Twitter thread stating, That's the happy case. The question is, what happens if the SEC appeals the court decision? In short, we return to the status quo. We're back to needing to prove that the CME Bitcoin futures market leads price discovery over the spot market such that it can serve as a regulated market of significant size for the purpose of surveillance. Unfortunately, existing filings do not include substantively new arguments or research addressing this question head on. Until now, today's amendment aims to address point by point each of the major objections the SEC has raised in prior disapprovals for spot Bitcoin ETFs. In particular, we try to clear up the significant confusion around the growing body of academic literature on price discovery in the Bitcoin market and demonstrate that every well -designed academic study supports the finding that the CME is significant. So friends, there you have it, a little bit of hacks, a little bit of the SEC objecting to something that seems reasonable from the outside. In other words, a quintessential 2023 crypto day. Appreciate you guys listening, as always. And until next time. Peace.
Dennis Prager Podcasts
"july" Discussed on Dennis Prager Podcasts
"There's there's no indicators whatsoever Like I said, it's been a complete reconstruction right but it's but you're what you're saying is it hasn't been effective No, no So does this Does this individual have a boyfriend or girlfriend? He maintains his the same sexuality he's still attracted to women Let me figure this out so what he's what he's really saying to the world is I'm a guy who's really a lesbian Yes, that is correct But he's not attracted to lesbians he's attracted to heterosexual women who actually want a man So I would say his prospects of having a girlfriend are minimal Very very minimal. I will say that post operation His relationship because prior to this they would have to exchange with a mediator like, you know their daughter They couldn't like meet and interact together There had to be a third person there and he was very very like aggressive and physical towards my cousin Even after the both the divorce prior to that It was it was very tense it was a very tense situation so there always had to be a third party there Post operation his relationship with my cousin has drastically improved Well, well, thank you for calling My friends these are these are examples of where I sort of not sort of where I just basically listen Those of us in the vast majority of us, let's put it that way There is nothing in us that can empathize There is nothing in the vast majority of us that can Understand relate to in any way. I mean everybody can relate to Theoretically falling in love with an with another person That and and we guard against it and we We have a good marriage. It's not something we want in any event, but we can all understand an affair But This is this is of another dimension a man Wants Heterosexual women and yet does a sex change surgery to become a woman What heterosexual woman will want this person? a Male female hour every Wednesday second hour As someone in your family Transitioned or Come out as gay Specifically a spouse or a parent or you Well, we got a you now, which is a particularly valuable call Susan in Dallas. I thank you for calling Dennis Mr. Prager, so it's an honor to speak to you. I'm kind of nervous I Was married 20 years to a wonderful man and about 18 years in I had to just accept my sexuality and We were divorced at about 20 years and I have three children Have three children and it was it was pretty devastating to our family. It was very hard For All of us including myself Are you with a woman now? Yes, I am. Are you married? Yes, I am about 13 years now How long into the marriage did you start thinking I might be a lesbian I Really allowed myself to think about it was about 15 years in but I always had moments I was so involved in raising my family. I just never went there in my mind, but as they got older and I just had these things just kept popping up for me and To the point where I just couldn't ignore it any longer Did You enjoy sexual relations with your husband who you said is a wonderful man Yes, and no I enjoyed the closeness but I never in the whole 20 years and never once Was the initiator and about six years into our marriage he actually asked me why I never initiated it and I just assumed I was just and I was tired. I was raising three young children and I just kind of That's what I told him anyway that because I did love him I didn't want to hurt him that I just wasn't interested in having sex with him But I didn't I never thought about it long enough to really Process why I was feeling that way at that show..
Dennis Prager Podcasts
"july" Discussed on Dennis Prager Podcasts
"Said that to you were right so you agree so you agree that if you think the scientific community says X you can ban anti -x No, I think that you know You have to you really take a little realistic view of this and I know you don't have really and yeah vaccinations So I think I do as a matter of fact Everyone I know with exception of one couple was vaccinated and by some strange coincidence that couple is the only one who came down so, Okay, you know No one, you know who was vaccinated came down with kovat, right? Really? Do you know more than two people? I know a lot of people. I don't believe you then Once again, I don't believe the odds are overwhelmingly against that fact It had nothing to do with whether you've got cold and whether you were vaccinated. I'm not talking about you know Everyone, you know that I do you believe the do you think it was good to lock out kids from school for two years? I Know no, you know, I don't create every physician that you you know I mean do you think that yeah, the governor's run by a liberal cabal that Satan worships is to drink the blood of babies Okay, all right, listen, I'm glad you called Yes, it was a good a good one to end on well, it helps now I know why a person who thinks he's a liberal votes for the Democrats because Every anything they do that's bad we do too and we believe that Satan sucks baby blood That's a new one By the way on the book banning. It's another gigantic lie I've read that to you on a number of occasions the Wall Street Journal has documented it Throughout history of the United States and every other country Books are banned in schools because we don't want young children reading anything Just anything that is out there to call that book banning is demagogic and basically a lie If you don't believe in book banning for five -year -olds you are a very very troubled human being oh God Wow, what am I gonna say? Okay. Anyway, I am glad he called I mean, it's not tongue -in -cheek Orange County, California, Joey. Hello Hey, Dennis, um good to talk to you. I go all the way back to religion on the line The only problem I had with it was that it was from 10 to midnight And I'd have to stay up till midnight to hear it, but it was worth it. Yep. I agree with you My comment is you know, I don't understand why we cannot remove these bizarre demented People in positions of power in universities, you know having influence over our kids and paying them a ton of money Now that people are waking up Why don't we get them out of there they belong in a mental how do you get them out of there? There's no way to get them out of there. But you what you do is you get the your child out of there You can get your child out of there, but you can we can sign petitions to just like those We can sign a petition with 500 people right there will have no I think I think this you should sign a petition, but I don't think it will have an effect We think that the the Dean at Arizona State University differs with these professors But it is quite a quite a lot. What what I did was was really Illuminating You know that France has been undergoing the equivalent of the George Floyd riots for the last week Because a Muslim kid 17 years of age was Shot and killed by a policeman We have no idea by the way what the race of the policeman was that their France does not reveal those things it would be very interesting to find out but it doesn't matter the riots have taken place and The reports don't tell you all the time wasn't he in her stolen car How many how many Americans know that the kid was driving a stolen car Doesn't mean he deserved to die but you should know that Just when you thought it couldn't get any better Mike Lindell with my pillow is launching the my pillow 2 .0 When Mike invented my pillow it had everything you could ever want in a pillow now nearly 20 years later He discovered a new technology that makes it even better the my pillow 2 .0 has the patented Adjustable fill of the original my pillow and now with a brand new fabric that is made with a temperature regulating thread the my pillow 2 .0 is the softest smoothest and coolest pillow you'll ever own for my listeners The my pillow 2 .0 is buy one get one free offer with promo code Prager My pillow 2 .0 temperature regulating technology is 100 % made in the USA and comes with a 10 -year Warranty and a 60 -day money -back guarantee just go to my pillow calm and click on the radio Listeners square to the buy one get one free offer enter promo code Prager or call 800 7 6 1 6 3 0 2 to get your my pillow 2 .0 now Male female hour Hello everybody, it's Wednesday not Monday It's Wednesday and Some people have asked why do I have the male female hour on Wednesday?.
The Charlie Kirk Show
"july" Discussed on The Charlie Kirk Show
"Governed. That's such a beautiful statement. Thomas Jefferson is articulating that for the first time ever, you get power from the people. The Greeks tried it temporarily in a democracy and it failed. The Romans tried it in a republic and it failed. But the declaration was very clear that the people are large and the government needs to be small, that the people run the government. The government does not run the people. So it starts with this universal claim and it continues by saying that whenever any form of government becomes destructive of these ends, it is the right of the people to alter or abolish it and to institute new government, laying its foundation on such principles and organizing its powers in such form as to them shall seem most likely to affect their safety and happiness. Prudence indeed, love that word, will dictate that governments long established should not be changed for light and transient causes. That's a beautiful statement there. What is he saying? We don't do this lightly. We're not going about this just because we're upset about taxes. The American Revolution was not about taxes. It was about consent. It was about permission. It was about the abuse of people and continuing to abuse them without the consent of the governed. And accordingly, all experience hath shown that mankind are more disposed to suffer while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations pursuing invariably the same object in vices, a design to reduce them under absolute despotism, it is their right, it is their duty to throw off such government and to provide new guards for their future security. Such has been the patient sufferance of these colonies and such is now the necessity which constraints them to alter their former systems of government. The history of the present King Britain, the King of Britain is a history of repeated injustices and usurpations, all having in direct order the establishment of absolute tyranny over these states. To prove this, let facts be submitted to a candid world. And then it gets very particular. So it starts universal and it gets particular. And it wrestles throughout the entire document of this idea of the citizen versus the serf and the subject and the slave. You said, you see, they were not citizens at the time. They were not co -owners or co -rulers. They were subjects. They were subjects to the crown. So the declaration recognized power dynamics and it totally flipped it upside down. It said, no, no, no, we're in charge. You're no longer in charge. And we're willing to die for this. And that's the kicker. It's not respectfully submitted to the king. Please let us know your thoughts. Write us back in a couple of months. No, no, no, no. It was this. And for the support of this declaration with a firm reliance on the protection of divine providence, I never want to hear from another atheist secularist that America was not a Christian nation. They said here, and support for this declaration with a firm reliance on protection of divine providence, said differently in more kind of modern American English, and for support of this declaration with firm reliance on almighty God and trusting in his will. We mutually pledge to each other our lives, our fortunes, our sacred honor. Oh, is that all? They pledged everything. These 56 men gave everything. They said, we're willing to die for this. That's how important self -government is. We're so willing to form something new. All 56 of us are willing to be hunted down and murdered. When you read the declaration, you realize that it's a simple and it's a beautiful document, and it could be easily understood and retained. Everyone should read it every single Independence Day weekend. And I had someone email us, well, Charlie, where do I find it? Just you could Google it. It's the first search result. If you have email, you probably have it. And remember, the military was looking for these 56 signers of the declaration in a port city. What's so interesting, too, is that the opening of the declaration demotes the signers, and it begins so abstractly and universally, and then it gets so narrow. But it's very clear that throughout the document that they viewed this as an act of obedience to the eternal, that they saw this as an act of faith to God. They tried petitions to try to get Britain to get off their back, but they said we will not be able to exist in the form of government that we know is moral and that is good, that is true, that is biblically based if we do not write this separation. Powerful. It's beautiful, that which is perfected in being. So to answer the question that Emma asked, I know I've been on it for a while, the fact we have a birthday is a big deal. What is the birthday of the Chinese empire? No one knows. What is the empire? What is the birthday of the British empire? Nobody knows. You could approximate it. The fact there was a time and a place and a manner and decision could never happen again. I want to tell you about one of our new partners here. Very important. Just when you thought the government would stop trying to take over more of our health care, there's a new very sneaky bill right now that's working its way. This is a fact -acting action item right now. Senator Bernie Sanders is leading it, total communist socialist. I'm urgently asking you to support the council for citizens against government waste to stop the senate from passing the Sanders bill, S1339. This is a specific ask. It would raise the price of prescription drugs by making it harder for pharmacy benefit managers to continue to save an average of $1 ,000 per year for 275 million Americans just like you. Bernie, Marxist, communist, bad guy. His bill is a wolf in sheep's clothing. He says it will lower prescription drug prices, but we know Bernie Sanders. He's a con man. This is happening very sneakily and some Republicans are even signing on to it. But we have to stop Bernie Sanders now. Go to lowermydrugprices .com. That is lowermydrugprices .com. I did research on this. And again, anything Bernie Sanders is pushing, I'm inherently skeptical. He's a bad dude. Add your name to the thousands who are standing up and saying you don't want more government interference in your healthcare, but you must hurry. The Sanders bill will come up for a vote in only a few weeks. So go to lowermydrugprices .com. We need a big push. If you are on prescription drugs, if you are a senior and you have kind of Medicare components to it, this could be a massive change, make things more expensive, you know, disrupt co -pays. There's all sorts of stuff. OK, that can happen. Go to lowermydrugprices .com. That's lowermydrugprices .com..
Nearly Numinous
"july" Discussed on Nearly Numinous
"You're listening to nearly numinous a podcast all about the religious side of life. Every week we chat about different religions, spiritualities, and other beliefs. We do round table discussions, deep dives into histories and religious studies theories and interview different.
Monocle 24: The Globalist
"july" Discussed on Monocle 24: The Globalist
"English provided to monocle. Twenty four from. Australia is a clear. Yes to the fight against money laundering and terrorism financing and equally clear no to tax on cash cash gives people a sense of security independence and freedom. We want to preserve this freedom for people. There should be no criminalization of private individuals who use cash my name is guido schaffler. And i'm an associate professor department of economics issue as a matter of fact There is a substantial share the population which has a strong preference for cash. So i would say about half of the people only paying cash or always paying cash when they can do it. And so. I think in that sense to politically sensitive fishy australia. Because you've if you try to limit the use of cash that's not politically popular among a lot of people in particular not among the voters of conservative party which is in government right now. According to the nation's central bank australians have taken out billions of euros and banknotes during the pandemic to be stashed at home or in bank safes read is really comes from. I think professor schaffer at the vienna university of economics and business says there are many reasons for this in good that generally speaking patrons apart the proven By policy part the grooving by history and partly driven by habits talking about germany and austria. I think it's still has to do with the committee. Experience of the twentieth century when definition system was wiped out twice foaling enrolled wars. so also. It's a long time now. Since then that we these sums up to a situation where cash is still very popular and abolishing need or limiting the use of cash. Something which Particularly the people's party would not have higher needs agenda. Australia's adamant there is no direct link between cash and crime and professor schaffer agrees. As a matter of fact i would be interested in seeing the evidence supporting that Because to the best of my knowledge there is actually very weak evidence between the use of the means of payment. And let's say you go activities. Right i mean just take. For example comparison between austrian sweden in sweden people pay lot with payment cards. Still for example if you get the shadow economy if you're going to figuring sweden in austria Probably for other reasons says hired pixies or or other things so i think if if it was true that limiting the use of news of payments and he would get the moral society. I would be totally in favor of that but it's too good to be true. In my opinion many restaurants and shops in australia still don't accept cards. And whether or not that you adopt the proposed changes cash is here to stay in this country. But so are it's inevitable downsize. It can be stolen or damaged or they may simply be not enough of it to go round for multiple in vienna. I'm lexie corrado. Remember thank you very much. Indeed to alexei curry off in vienna though with the cash ringing in his pocket. So that's all we have time for today's program. Many thanks producers daniel wage alexis self entirely mcchord. Our researcher was so few monaghan combs and our studio manager with louis allen editing assistance from jack jurors after the headlines more music on the way the briefing live at medina london with daniel beach behind the microphone and the globalist is back at the same time tomorrow for now from me. Emma nelson goodbye. Thank you very much for listening monocle. Ubs a proud to present a nobel cause a book that celebrates more than half a century of the nobel memorial prize in economic sciences nobel caused gives an overview of the anti four winning laureates and their influence on global society. It builds excitement around economics by talking to the laureates and unpacking their theories from a pioneer in the field of the economics of climate change. Tune israelis psychologists who changed the way we think about thinking the winners stories make for an incredibly diverse read as well as real life case. Studies have applications of the prize winning theories. You'll find an illustrated history of global economics alongside look ahead at what we can expect over the next fifty years you can discover the story of alfred nobel himself and the legacy of awards on sale from october. Twenty twenty from monaco and ubs just the book from our retail stores offer monaco dot com and nobel calls asking the questions that shape our..
Enlightened Empaths
"july" Discussed on Enlightened Empaths
"Okay. And I'm so glad she heard that this particular June talk felt very validating, given my experience with my dad. I now feel it was possible. He was communicating in that week before he passed. So the other Indonesia podcast are great. Love your happy Vibes and all the amazing subjects should cover, you are both a light for me in this crazy world. May you both love light and healing Linda. Wow. Isn't that an amazing story? Oh, it's beautiful. I would recommend if Linda, if you haven't heard of the Raymond Moody book glimpses of Eternity. It's a book about shared near-death experiences. So it's not exactly what you're describing, but I think you'll understand why I'm recommending it. What I've learned from listening to my dad, and I think I'm in this in June, I do believe that people with Alzheimer's dementia, who anyone who is kind of, you know, trapped in their body or trapped in their mind towards the end of their life. I think that's doing their life review while they're here. I think that they are spending a good portion of their time when they're not aware on the other side. And, and I just so. So thank you for taking time to email us this story because it validates what I feel and sense. And I've heard from my dad that Yeah, they really are visiting heaven when they are feeling stuck and trapped in their body and their mind. And so you saw him playing Cricket with his brother George and don't you love the way she described it it to me it's almost like she woke up in a in a screen from heaven was projected on her wall. It's a good way to put it. Yes. I just think that is so amazing. And yes, whenever this song pops into your head out of nowhere, you need to take that and really think. Okay, is this lingo to a commercial? I heard on T on the radio? Before I got out of the car? If the answer is no, if you haven't heard that song all-day, you haven't thought of it in a long, long time. It to me that is off his Spirit, talking to you and sending a message. Music is one of their preferred ways to send us messages and for your dad. And you, since you already had that music connection, I would definitely dead. Pay attention to songs that you hear my dear friend, George who was a music major in college often. Since me signs through music and this is continually validated. Whenever I talk to other mediums they'll say gosh I'm I'm hearing Piano Man by Billy Joel or I'm hearing Crash Into Me by Dave Matthews Band, you know, two songs that he loved to play. So pay attention to that page and then the fact that he gave your mother, the names of two roads, he grew up on a news broadcast and your mom knew she knew that was from him. And and I think that first instinct of how long is that from Dad?.
Monocle 24: The Briefing
"july" Discussed on Monocle 24: The Briefing
"It's time for a roundup of the week's most interesting culture stories monaco's culturally to keyarena joins me now in the studio. Thank you very much for joining us. So we start with the emmy awards nominations. yes indeed. Well obviously my colleague our colleague fernando the owners yesterday. I guess unveiling animations would be and this is a big item of news for the culture kind of agenda this this week. I think it's interesting to look at it in more detail in terms of what it means for i guess broadcasting and streaming platforms because Obviously the first look already gives us the the the indication that streaming platforms are indeed getting the muslim nations. But it's interesting to look at how that because the way that The awards of kind of group them by corporation that ownership of whoever's produced the drama patient. Hbo max have been combined leading with nominations above netflix. And you know we're used to thinking that netflix's the biggest absolute dominant force in streaming and whilst obviously they force to be reckoned with. I think it's interesting to look at. How in terms of awards. They've only ever talked The nomination number Ah for shows number twice in the history of the emmys. They've not one the most amount of woods and and it's interesting to the okay platforms like paramount plus and other platforms kind of coming through the ranks and challenging dominance. You look also at the stock performance of netflix and is not plus and disney general. I should say because of the The parks are also part of guess stock performance of disney but netflix's kind of stalled in terms of stocks. And it's interesting to look at how because last year's growth was sorry dramatic so explosive suddenly. You're seeing a bit of a stalling moment for netflix. and i think with these other platforms coming ranks. It will become increasingly important to keep like very interesting. You show's coming. And the awards have a role to play in non and we look at the way. You know oscar. Nominations for really important from point of view of their reputation. I think seeing the emmys go to other shows might also have to do with that. Let's continue with news from the uk then a very interesting announcement. At least all those who thought that music magazines were dead. Rolling stone is going to launch a uk addition. Yes indeed. i think this is really exciting because music magazines. Historically for the last few years we've been agus us to think that they were in decline in particular last year during the pandemic with live music. I guess stopping abruptly that also had a huge hit only on the content the magazines where able to produce but also on the distribution networks of the magazines that used to be distribution through the venues etc etc. Lots of amusing magazines have folded in the last year and yet Rolling stone as launching a uk Virgin i think it's interesting because from what i can gather there hoping to make it. Also a bit of a commentary on society and politics a bit like the old school rolling stone magazine. They reference the long form. Journalism of hunter s. thompson as kind of something that they would like to bring back so and they're saying it's a very interesting time in politics in uk society to be doing this. I think it's exciting to think that many would have thought this media platform would not have survived in the same way that i thought of celebrity magazines. Right get instagram would would completely new to the need for it in the same way that a music music case like spotify would absolutely just make the magazine redundant and yet there is still power as they say in a front page cover from page picture on the news stand still has the pool bands. Let's continue with one more story for today. One of my favorites of the week. The question is why people who look at the most. Why should they not curate. We're talking about security guards. yes i think. This is really interesting because when you go to museums you do see security. God's sitting in these museum rooms for hours and hours and people get very affectionate towards the paintings that they kind of look after a for a long time and also you know from knowledge. I know that people have studied arts and up kind of trying to find ways into museums. Any which way and sometimes do and do security for museums as well. So many people will actually have an interest in our to our security guards and this is baltimore. Museum of art is putting up eight exhibition. Which is actually going to happen. In march two hundred twenty two. It's going to be called guarding the art seventeen. Participating officers have chosen their favorite pieces to be put together. And i think it's interesting saying it's bringing different perspective into key rating something will pass something less cerebral and i think it's very important that we when we think about allowing you voices into the art world. Let's also look at mixing up the hierarchy and looking at the people who have an interest in already already on your doorstep and wants to get involved. I'm surprised hokum. No one has thought of well. Let's hope for three little london edition of the of the of the show is so we'll together. Marcus absolutely thank you very much for about. That was markle's culturally remillard. And that's all for this edition of the briefing. It was produced by james and msl. Our studio manager was steph to the briefing is back tomorrow at the same time. That's asked me day here in london seven. Am if you're listening in toronto. I am marcus hip being. Thanks for listening ends goodbye..
The Drive with Paul Swann
"july" Discussed on The Drive with Paul Swann
"Like a better athlete than i was last year for sure who stood out to you in this whole process. It doesn't matter if it's a code. Shaw may going through this process. So far who is stood out most mlive say so far. I say coach off. You know Just come from such a big program of alabama have come down to notice major level I definitely a lot of changes you know between him and he's coming in and trying to do everything at why what we're missing as a team you know. Everything's coming on as a shirt. You know so. I just come coach off. He's talking about closing the gap online. What is closing the gap means a. We fell short last year. Obviously whatever we're doing wasn't enough so there's a gap that needed because so we can Conference championship he came in. He basically said you close. Total down rebel. Has he just foundation. What's been his process so far. He's done Just a lie. I can't really name everything but just overall alive. He's done as much as any coach here. So far coaching staff as well coach is a lot of new faces to you when you think about them anymore. Other than coachella standout. Coaching search say You know he brings a lot of energy. You know life from last year. Arkell just a little different. It was a little bit. More serious around here goes gigiri. Still come down to business but he just bring a good energy vibe good Like vital part. Is everything a little more fun fun. That seems to be a key. I've heard a lot as well. The players are having fun and again. This is not a criticism of college. Is this a doc. Was a guy who he was old school. He got him to smile. And you got into black. You know you did something good. And i know what he was like in those private moments when it was just hemming players yeah. I don't know how fun documents but you get him outside football you get the no immune to talk to him. Yeah he he's a. He's got a good personality with coach off and the staff. He's a symbol. It's high octane. There is a difference though is high octane. And you've heard that a little bit fun. There's more fun going on. They're taking care of business but there's some fun involved in this and so that's a good thing to know because after all at the end of the day i'm popular opinion here. It doesn't matter about wins and losses as much as are these kids having fun and yes. I know unpopular opinion here. But i want wins as well as you do and i i do but at the same time. I don't want these kids miserable in that process. Go out there. Take care of your business. Have some fun. I mean this is a time your life that you're never gonna get back. This is a once in a lifetime. Experience go out there. Do the very best. You can have some fun while you're out there and Sometimes we just take a little too serious again. I know this might be unpopular opinion. I'm not gonna lose my mind over a loss if they were if they gave their best. I'm not gonna lose my mind with that said when we come back. Let's hear from billy. Ross now billy come back to huntington coming back. Spent a lotta time in. north carolina. Decided that that wasn't working out for him so he's taken the opportunity to come back. He's going to play for the thundering herd. He was a fan of the thundering herd. Grew up watching marshall football so the opportunity for him to come back seemed a little special for him. And we'll hear from billy. Ross when we continue with today's edition of the drive on espn ninety four point one and am nine thirty up. Bowl swan has the wheel on the drive. Espn ninety four point one fm and am nine thirty. I'm a pretty good driver. Welcome back it's the driver. Dsp at ninety four point one and am nine thirty a worry. I got the work so lot of people probably would be joan tibor stadium. This fall cited the get. See billy ross. Once again. and if you don't know billy ross's story may let me give you in a nutshell. Huntington high school product offensive linemen. Big focal point. A lot of people were into what he could offer end so he was getting a lot of attention and the recruiting process. He his with north carolina and he spent some time. There decided that things were ready for a change here gets in the transfer portal and almost immediately the heard decides to just jump so he's right there in the transfer portal. And you're thinking okay. Hey this is a local kid. He wants to come back. He wants to leave a situation. We gotta get him. And so the herd gets it and it worked out for everybody. And so now you got billy ross coming back. I'm sure he's going to have a lot of people following him. Going to be joan seaboard stadium where he as. A youth watched heard football so he was familiar with the thundering herd. You didn't have to go out. Really put the hard sell on him. He was already a fan. So billy ross is back and a lot of people were excited to have him back. And so i wanted to kind of get a feel for him for his perspective. He's coming into the situation a little different. It's not coming back with a new coach from a previous coach at marshall. His coming in and it's almost fresh for him because coach off is basically the guy who after he added to the transfer portal coach off basically recruited him or he got. He came because of what coach off in. Marshall was selling probably what it meant to him. And so that's where we begin to kind of get a feel for where billy ross's at in all of this so i came here The second after i graduated from unc. start coach more so you get a little bit more and then obviously we hit. Workout started june. And they've gone well We've done some flair lead praxis. Gone another place now. The guys and.
Obscure Disney Podcast
"july" Discussed on Obscure Disney Podcast
"Disney move ninety seven. It holds up and it was fine. It was fun it was it was fun. It scare you. That's the real question on my gosh not able one second tire show. Was i scared. Watching the people fall in the elevator didn't scare you know of course not night now there's other parts of the show. Don't want to ruin it for you. Because there aren't many plot points so you know yeah you don't want to give away anything. He really say much about. I think i think the cause for Spoiler alerts have long since passed for nine hundred ninety seven made for tv movie. We'll try to keep them for you. While as spoiler as they made the move just the prize they do use a lot of like outside of it almost like they felt like they took part of the commercials that they shot for the the Advertisement of the right. Yeah just mix that into the movie and it was like fully tab shots of the ride in the movie by the way i love even more so and like they such great teaming especially around the florida version of the ride There's only one that exists now but there's a long winding path. A new really does feel like you're going up to an estate of sorts for sure. Oh yeah why not use it you guys spend enough money on it so i mean it looks fine. If you haven't been to the ride it might even be. You know it might trick you a little bit. If you've been on the right you've seen it you know they're just taking pictures of the actual rides and then part of it was kinda fun because he could walk around the lobby which you never get to do brave. It's not part of the right so You know and then if you don't even have the lobby anymore in california than it's nostalgic in that way you can go. Go back on the ride by watching this movie. Yes if you just need to entertain the kids on a saturday afternoon. It's only because by the way though like you said it wasn't even on disney. Plus we had a fight on youtube scramble around and try to find it and it has accused him. Dunston it i. She looks like she's maybe like fourteen in the movie which is really interesting And then as i was going to google around and try to see if steve gutenberg's related to the guy that made the printing press because that's such a specific name for him not to actually be related. But how long does that last name going to last. You know it would be related. I don't know it just seems to specific for him not to be related. The printing press guy and it's always possible that he just made it up as stage name. You know you be like you. Stephen graham bell or even lincoln right all these great names. So if you haven't seen it which i assume you haven't because i don't know many people that have you can go watch tower of terror. See the first movie based on a disney ride in. See which think i will say when you do want to charge us three ninety nine to watch it. I was horrified. Yeah that's not fun. It's not worth three dollars me somewhere. We're steve clip on qiuping. Coupon clipping side comes out where he's like three dollars. Oh man let's let's see if we can't find a deal on that i did. We did spend twenty dollars delight to buy the rights to devil wears prada and now we're finding the data is now available on all other like streaming and say. Okay now it comes out now. It's everywhere just because i finally broke down a paid for it. That's the problem right there. Well this is the other about you. Is that you forget that you have movies already. Because you're like. I don't own the worst product i was like. I'll get it for you for christmas. And then we were in the process of organizing all the movies like you already own. The denver was wears products. Right here. I don't think it's still in bern de cd dvd back the same thing though okay And that's the problem we've all. I think everybody has a problem. Now right where you go. How do you actually play a dvd player anywhere in this house because the work does. Yeah like i don't even know how to even find. It's a huge issue. Well and that's the issue that you run into with digital medias that you just don't own anything they can decide you don't get to watch it anymore. So if you have it on a disk hold onto it i guess yeah found a weekend folks. Yeah good times. Bend the fourth of july. For sure you know what would have been a finer way of celebrating it funner. If we had a hand witch oh i would slap you for a hand witch right now. Two words in that made no sense funner and hand wedge these alright so like literally. I had no idea that disney back in the eighties or nineties or something invented. Something called the hand witch which is like a breaded cone of sorts. They would fill up with sandwich so there was a. What were they remember that. There was like the tuna one. That was a salad. One sounded gross in humanist salad rap hand witch thing that look like an ice cream cone except it was made out of out of to read and the roast beef in different things however like the more i thought about it was like the initially thought was horrifying disgusting awful. Well here's the thing is like everyone loves a sandwich right like it's something easy something your kids can recognize. It's something that's fast. You know that kind of thing so the idea of them making something similar makes sense. Yeah disney's always trying to come up with new ways to Change up their food. You know sure concept that you can feed the masses with and overcharged for and you know all those fun things they like to do. Yeah so yeah. They brought it back and it was originally benching like the eighties in nineteen eighty seven and then they re introduced a couple of different times throughout. I'm surprised we don't have food booth for any of the festivals that that would have it in the future. Do they have something similar to that. In cars land at california adventure when you go to like the cozy cone area. Don't they sell things in cones. There have perfect would be aided those little cones there. It's usually because to get food from their cost. Forty five dollars for a thing of mac and cheese. So i'm usually like the lines really long. They are. I think it's i think there is some sort of cone theme there. I don't think it's the hand which okay cone thing. I don't think the cones are edible. If i'm not mistaken that's interesting. We'll have to try. Try it out. Y'all been and had such a thing. Let us know we looked online. Couldn't really see anything that they're currently selling for break for. The fourth of july kinda sounded like a fun way. You know. we'd only known about this a week earlier. You could have done it on your for july celebrations. Made them and take them to the fireworks. Shows and you know had tuna sandwiches that way. I see. there's just something about anything with mayonnaise in it in a theme park kind of skeeve me out a little bit like i think. I've just seen to many instances of food poisoning to want to eat a giant handful. Yeah of tuna salad in a park will now. We had the wraps that have gotten so popular that great so idea when you can just make a rap but jada wrap things that are in a rapid kinda of put him inside of your rap cone type thing. That could be an interesting thing. That i agree with you. The i don't want all that other stuff but like lettuce and stuff sounds great. You know you just wanna salad in.
Obscure Disney Podcast
"july" Discussed on Obscure Disney Podcast
"Are we ready to toxin disney. After the thirteen day weekend everybody just took the fourth of july weekend. It lasted thirteen for some reason. It feels like everyone took a month off over the weekend. Doesn't you literally okay. So this is the thing too is like i'm used to it around christmas. Where every. Christmas comes circling around ad. Everybody's entire week right. Yeah the fourth of july really surprised me. Li literally had people leaving like last wednesday and they're showing up like today to say yeah leg day. You're like that's a that's a long break to take in the middle of the summer. But you know if y'all the great hating the great thing is is that you can go somewhere again. Just exciting i think. Oh my gosh the traffic. Every everybody's on the right now. Well andrew. I've heard that atlanta is pretty notoriously bad for traffic. And you don't really think about it until you're actually in it. Oh yuck this isn't very much fun. Tell you what Hope the fireworks worth it. Totally right oh yeah. Yeah i hoped to. Yeah the disney folks. Asia love their fireworks because just as we expect or not as expected but remember few weeks ago. We were kinda like ooh wouldn't that be. Great of disney brings back just in time for the fourth of july and obviously in these totally what they did. They released him. We are so smart. You guys i'm so happy. I am so happy that they were totally like. Hey guess what. We're going to bring them back like a day or two before before the fourth of july and we totally did right. We watched the entire livestream of What was the nighttime. Show not wishes it's Happily ever after and it was happily ever after. I love a good firework show. Disney has spoiled me for all other fireworks shows at this point. Yeah like you see a disney showing. You're like this is amazing and then you just go to like a local park doing fireworks and you're like well i mean yeah they're still pretty but there's not the disney magic involved. Is that a joke. You made this last week. That said what a what a disney fans call local fireworks amateur night. Oh joke i made. But that's a good one. No i did see people posting Things like fourth of july is when disney fans go see other people's fireworks and just go a fair to love a good local fireworks show though even if it's less ideal you know. I i if you can see some of the effort i'm happy. You know what i mean well and you like sitting directly under them where you might get singed by falling fireworks ash. I love you love to sit in that danger zone where you people are afraid. You're gonna sue them. You're so close legitimately. Oh it's amazing. Isn't the smell or the sound that you like of the fireworks. Every single part of it. I literally had like The camouflage army style pants that i used to wear out to clubs all the time. Sure and we'd be watching fireworks and it would like follow on my pants and like burn small little holes. She was amazing. And then i wanted to do it for me to look more authentic. Look more real. You know so great. It was the best. We went rolling through campfires dry holes fans movie. I was great shift. She's but disney. They do amazing things with their fireworks. I mean the reason there are. Fireworks were so amazing. Because they've put so much effort into them they have like they have them timed and they have them Set to detonate at very specific times and they can detonate them on q. And things very impressive. Yes mar small little microchips in those radiofrequency can that they can trust them to blast. Read it exact time. It's amazing it's a. It's a firework show. And a half. If you haven't seen the disney firework show. You should definitely treat yourself to a youtube video. And just see how impressive they are. A lot of them are lit up or they use them to get to the sky with air power rather than like lighter instead of black powder. Yeah they use air cannons to get them in the air basically so you don't see them shooting up even explode. Yeah which is very impressive. But that's basically what we usually start with now. Support the instant extra bonus bonus for all of you We usually start out talking about media stuff because disney is a media company We did some digging this week Because last week you were telling us about how you couldn't find things on disney plus Things that were advertised were not showing up. We were very confused as to why we couldn't change our our age rating remembering all this. Of course i am. Yeah and i was like i don't know what on earth you're talking about and i'm surprised no one else's talking about this and i googled around and i wasn't seeing anybody else talk about this until i realized that what we had done is we were using a vpn which put us into a country where Stars is available on disney. Plus folks if you haven't done. This is the new way to travel. Basically you just like look of country flags and you're like we like going to london today which we hoping do awfully british. Oh do you think. Mary poppins a so fear that i'd like. Oh sweet didn't where ikea's from so it's like this the sheer flag and i'm like oh. Let's just hear lag. Geez no this is not right. Close dealt listen to this for actual fact yeah. We are not geography teachers Five so stars. I did not know. This stars is a feature on disney plus in I think most of europe. I believe Because they do not have access to the hulu stuff that disney owns there. So it's something that we've talked about before. Is that a lot of the more adult oriented entertainment that disney has control of They do usually put on hulu and that includes like their tv stuff that they now own. The fox cartoons that they own. That's usually all on hulu at this okay. This is starting to make lot more sense then and still the stars stuff. is for those european countries. Where apparently they don't have access to that over their copyright laws so weird is so weird on this new global world that we live in all the time right. Yeah like everything. I went to go. There was another piece of software is trying to figure out today and literally it was like. Please let your home country like you always shows up. Yeah and then. It's a hundred and ninety three different countries long. Like i just always underestimate the size of the world's i always forget there somewhere something outside the atlanta traffic out there so it cleared up some stuff for me though. Because you're like we can't find this and this isn't here and this isn't there and i'm like i don't understand why this is not showing up and what is. Why would it advertise this. you know. come to find out. We were technically in london so it was advertising things to us that we wouldn't normally have access to But they have. That's a really fun stuff on disney plus apparently in europe.
The Hugh Hewitt Show: Highly Concentrated
"july" Discussed on The Hugh Hewitt Show: Highly Concentrated
"What does the polling say about politically correct content and curriculum. We'll find out from cornell. It next on the hugh hewitt show. Welcome back. I'm hugh hewitt on july six. I'm joined by steve kornacki. Nbc news the man in the khaki steep rocky. Good morning steve. How are you hope you had a great fourth. Good morning hugh. I had a great fourth. Hope you did as well indeed except the indians of lost eight in a row. So that's kind of tough but that's other than off topic. There are two stories this morning. Steve in the washington post. I'm curious if you've seen anything. Come up in your polling. One is about loudon county school district politics and other about a texas museum canceling a talk. About the alamo. Which is contra the alamo mythology of texas. And i know i'm calling at pcc which is political correct politically correct content or curriculum whether it is race transgendered equity issued. Whatever it is it's all under. Pc three heading is this resonating beyond news media searching for stories as it deeply embedded in the conversation or is this a twitter phenomenon. I'm asking myself the same question. But that's one of the reasons. I think we're going to get some clarity with virginia race. The governor's race in virginia in november. I know you were talking about that a bit earlier. I mean loudon county where the story is playing out that you're talking about is one of the counties that that i've been saying since the start of this campaign is one of the county's i'd be looking at on election night At at sort of as an indicator of national mood of what's happening in in in northern virginia suburbs in northern virginia. I mean loudon county fast-growing outside washington. Dc it's the kind of place if you went back just a little bit more than a decade ago. republicans could win it consistently if you went back to just twenty twelve. When mitt romney was running against barack obama obama carried it but it was only a couple of points it was it was a swing county and then you look at twenty twenty biden versus trump in in loudon county biden. Wins the county by twenty five points. So i mean this. This is one of those fast growing metropolitan area outside washington dc That has moved dramatically towards the democratic party over the last decade and i. I'm really really curious to see if that number comes down. If it comes down significantly this november and i think it'd be an indicator if kind of local issues at school fight you're talking about there If that's pushing people away at all from that shift. They've made the democratic party in recent times. Now it's because. I'm a virginia resident in virginia voter that i followed it very closely. Glenn junkin i think when the convention and it was ranked voting in virginia because he jumped on one issue and he was very very strong on this as one might expect the former. Ceo of carlisle group to be. He attacked the virginia state. Education departments mandate that. They're not be accelerated math prior to the eleventh grade. So you could be a math wizard in fourth grade. Seventh grade ninth grade tenth grade and you wouldn't get an advanced math class into eleventh grade. It's a quote equity close quote issue in education. I think it's a pc three issue and young can hit it again. And again and again. And i think when you get to schools and the quality of schools. Steve kornacki aren. D don't mean anything close to act and sat and especially in northern virginia. Where thomas jefferson high school's moving from a pure merit based system like stuyvesant high school in new york to a race based system that will discriminate against asian americans. Almost immediately that parents are going to be upset and their family members are going to be upset. Do you see this having traction. Yeah i mean that's the. That is the opportunity i think that republicans see because what. You're describing kind of demographically northern virginia Is something you see. Replicated all around the country that you know suburbs metropolitan areas bedroom communities parents with kids. You know school age kids. In in public schools. Maybe parents who moved to towns move to counties because they like the public schools. They want to send their kids there. That's that's a demographic. The democrats have been doing better and better with in recent times that trend i described and loud and you can see trends like that all around the country in places like that all around the country. And i think what you're describing there. And i think what republicans are seeing is the possibility that here is an issue that could speak to those voters and that could get those voters to say. You know if if the democratic party connected to the kind of backlash here is that the republicans are trying to ferment here. A little bit That could get those voters to rethink that shift And that's why again. I allowed a perfect example. There's the richmond area in virginia. They're a bunch of places. I'm gonna look at on election night in november and that's the thing i wanna see that that sort of surge. The level of support that biden was able to attain there in twenty twenty or even hillary clinton was able to get in twenty sixteen. Have the numbers. Come down off that. And if i think if they have i think that's going to answer your question within pedic. Yes now. it's interesting steve. I wouldn't say republicans are fomenting at. I think the left is fomenting it but they are certainly reacting to it and who is in fact. The prime mover of these controversies. Is that the laughter. Is it the right will matter significantly and how people assess now. I'm neutral because i don't know the facts of every case but doesn't that really don't people just want schools to be about educating students for life and not about ideology. Well yeah it you're right. It's it's about how it's perceived you know how the maneuvering is perceived by the voters in these places is it perceived as something that you know. Democrats in power are doing And that therefore the republicans are sort of the the opposition vehicle that you wanna be with. If you wanna fight with the democrats are doing. Is it perc- so yes i i agree with you. I think it's I it comes down to how parents view this in their own backyard and if they are offended by it if they don't like it is something that they then say. This is the democrats false. I want to hold the democrats responsible for it. And that's the way you know politics work. If you wanna hold one party responsible us over the other stay. Karnak gave nbc. Thank you. Paul.
77WABC Radio
"july" Discussed on 77WABC Radio
"July edition of Joan Hamburg Show and My pal, My Radio Cohort Radio husband, a man I've known for years and years and one of the best foodies. In the country is the one and only onto Schwartz, the food maven Arthur does and NPR show on Robin Hood radio, and he is probably one of the most knowledgeable people. I know when it comes to anything to do with food, and I always love to check in with him and find out what's going on in the Arthur world, and there's always something Welcome to you are the shorts. You thank you. Well, I have to say. Not that much is going on right now because it's too hot to cook, but it's true. It is, But you know, like every you it gets too hot to cook, so I do have a whole repertoire. Of the reason. You know, Joan, I keep up with things mainly because I cook every day. Um, I'm out in the stores. I love to food shop. I say. I like to shop. Anything I don't have to try on. So that includes food. And, um, Speaking of which I lost over £50. I cannot believe that's a lot of weight to lose. Yeah, I've loved I've lost over £50. You know what you did on your covid lockdown? That's what I did. I went on What they call the Keto diet, and I think I'm quite expert at this right now, having done it for like 10 months. Um and and that I cook every day and that I want to eat Well, even though I am not eating pasta, potatoes, rice bread. Nothing with sugar except fruit. And my even my endocrinologist said, are you could you could you could increase your carbs a little. So I've added some summer fruit to my diet, But you know, that's a good thing right now. It's not so hard to stay on Keto because you know what One thing that you really can eat all you want of sour creep his and when the weather got like this, I grew up in a house where her mother did not. My mother was a very good cook, but she didn't like to cook. So as soon as she had an excuse not to cook. We were eating sour cream and Now I got Bob Harnett, who didn't grow up with this to eat sour cream and cottage cheese mixed my mother. I grew up with that you didn't you and also we went in the days when we were eating pasta noodles with cottage cheese was one of my favorite things and potatoes. Oil protect my mother would she would boil two potatoes, Smile for my father and me, but she would eat strawberries and sour cream, bananas and sour cream, or she would cut up all kinds of fruit. And mix it with sour cream. And the other day I got inspired because I bought these unbelievably and it is unbelievable sweet cucumbers it made. It reminded me that cucumbers are related to watermelon and another melons. These cucumbers actually had a sweet edge to them. They were the English style. Yeah. Yeah, but I didn't buy them in the supermarket. I bought them at the green market at the farmers market. It's interesting. I'm anti farmers market lately because I find the prices, you know, users. There's no reason that I have to pay double the price of a tomato at the farmers market when they're selling me directly from the farm. I mean, there's no middleman to make money and the tomatoes aren't even is good. But I did go the other day because I needed to walk and I found these cucumbers. So I chopped up cucumbers, a dice them. Diced radishes, which are, you know, everywhere now, um, scallions and sour cream and I've had if I had a tomato, I would have thrown that in. I don't know if you remember this, but 1000 years ago when they were dairy, you know, kosher Jewish dairy restaurants in New York. Um, they would called it they would sell this dish and they would call it farmers caviar, which is actually a good name for because I must say it's very, very special and I It's not only on my Keto diet. But I don't have to cook. So while you're describing that I'm suddenly being taken back. Do you remember a cold soup called shop? Of course I remember. It was still making used to love that when I was a kid. Well, you were in an unusual child, because that is not taste that most Children like. Plus, it's this monkey color green. So you first you had to get beyond the color of it, but I loved it when I was a kid, and I still make it from time to time when I can find what's its base. Now we have few polar. It had green sorrow, sorrow. It's the herb sorrow. And I don't know why my grandmother had this In those days you were able to buy Big, well grown not little baby Bunches of herbs but really big, like lettuce, Bunches of sorrow. I remember her coming home with with Brown paper grocery bags full of this because, of course, it's like spinach. You cook it and it goes down to nothing. So it's very easy to has nothing to do at all except washing all those greens. So I just this last Saturday. You know, I'm going to see what happens this Saturday, There was a farmer at the Greenmarket who was selling big Bunches of sorrow and it's not. As I said, It's the It's sort of tough sorrow. I mean, it's it's big sorrow. So you have to wash his very thoroughly because it's really dirty and the way to do that is stick it in a big big pot and cover it with cold water, swish it around a little bit. Use your finger like a forklift to get the sorrow or if it's spinach. It's the same thing off the surface and you're going to see there's a huge amount of sand at the bottom. So you pump out the water. You do this at least three times I find necessary and then You put in the case of making shop, You just put the sorrow in a pot of water and bring it to a boil. And as soon as the sorrow is tender, which takes almost no time you've got shop. You can chop I usually like to chop up. The sorrow first and then put it in the water now to season it besides salt and pepper, which really diehard shop lovers will like just the sorrow but some pepper, But not for me, Um, I you can When it's heart, you can beat an egg to enrich the broth. And then when it gets cool, you can beat in sour cream, and I'd like also with chopped vegetables, like chopped the scallions, chopped radishes. If you want to put a big there, that's a good thing and then another dollop of sour cream. But you have to like sorrow. It's sour. In fact, in English, we usually call it sour grass. But its sorrow anyway, it's hard to find the kind of Bunches you need to make sorrow that said Manisha. It makes a pretty good shab comes in a jar. Uh, you drink it chilled and then I would just add some sour cream, And as I said, maybe a boiled potato when it could be skill. I'm going to try that. You know the other states Joan, not there and not to everybody's taste..
Mornings With Gail - 1310 KFKA
"july" Discussed on Mornings With Gail - 1310 KFKA
"Huge. But it's none of these numbers are big enough to alarm the fed. None of these numbers are big enough to prompt. A change in their interest rate forecast. And it's good dentist. Yeah so it's good on on several points. We want the fed to retain a. They're calm throughout all this. Don't get all worked out. It's not get all excited and get ahead of our skis. Yeah right okay zip. Jay okay. Dow industrial average this morning up seventeen. Thirty four thousand six fifty one the s. and p. Five hundred up ten four thousand three hundred thirty and the nasdaq up eighty four. That's a half percent on the nasdaq at fourteen thousand. Six five yield on the ten year down on the news one point four five percent okay. Gail talking about gas prices Just earlier this morning. So what's going on with crude oil. Crude has risen fifty percent in the first six months of this year the price of crude oil. And we're talking both brent and west texas intermediate the to bellwethers brent the global bellwether west texas intermediate the. us bellwether. There are four new forecasts out and they unanimously say it's that it ain't over yet goldman sachs forecasting oil prices in the eighties in the third quarter of this year. That's the next several months j. p. morgan says eighty s in the fourth quarter of this in the fourth quarter of this year. That's october november. And december bank of america says brent crude could hit one hundred dollars next summer morgan stanley pulls that back in time and says seventy five to eighty through next summer most of the reports. If you read them agreed that the only major impediments to these prices remaining high would be a major resurgence in covid nineteen worldwide which we hope is unlikely or an unexpected rise in interest rates unexpected. The operative word there. Everybody's expecting interest rates go up late. Two thousand nine twenty two more likely twenty twenty three. Everybody's expecting to quarter point hike from the federal reserve. So once again. They're saying the only thing that would interrupt these prices from staying high would drag them back. Down would be an unexpected rise in interest rates and remember it takes a couple of weeks for higher oil prices to make it to the gas pumps and it takes quite a bit longer for lower oil prices to make the gas pumps being. That's such as it said while pro. Gas prices are sticky sticky. You've got let's say you know like a four way intersection and you've got a gas station on every corner like peering over at each other. To see prices are gonna flinch. I and we're talking about lowering prices prices. That's that's forced by what they know is coming in the next day delivery. It's bears watching it. Sure don't yet. Does he find men presidential wealth in in loveland. And excuse me you know what else bears watching. Well.
Core IM | Internal Medicine Podcast
"july" Discussed on Core IM | Internal Medicine Podcast
"Something. That made a really big difference. So i pretty much spent seventy five percent of that time feeling terrified that i would harm somebody and another ten percent of the time you know feeling Grateful that i had not harmed anybody and the rest of the fifteen percent. I think if i have the mouth right i pretty much was just trying to stay under the radar and not get in anybody's way and trying to prepare because when i'm scared As a medical student death would always worked for me or anybody wants scared. I just try to know more. I try to read more. I try to more and more for me was The one person on the teams are fellow. Well cost shobana just seemed always to have everything together and seems so confident all the time. I really admired her and likes to be next to her but didn't want her to ever get so close to me that she could see How you know. Maybe inadequate that i was so we jump right into the cau- We got a good sign out in and emission started coming in and she gave me great supervise instruction and i was really stared things. Mostly we're going okay and As our emissions quieted down. And we're shopping in We were sitting in the in the unit and it was like three o'clock in the morning and I remember so vividly because despite all the stuff that was happening in the unit and it was so calm. She's sitting there eating up a pomegranate. And i remember. She was like tapping the season to our hand and popping the season term. Auf and talking to me and she looks up at me and says you don't want a really good job kimberly. You know that. I'm enjoying working with you and you know again. My imposter syndrome said she likes you. You have good social skills. You're friendly you smile a lot. That's why she said you worked really hard. I like you take care of patients. I like the way you talk to your patients. But why do you apologize so much. And and i i said excuse me she's like you everything you say you say it and then you say sorry i ask you something you answer if i correct you you say sorry. You're here to learn. You're not supposed to know everything. And i don't know what it was about. Maybe was the pomegranate. Fibia was how the informal way she was sitting in the chair. But i felt psychologically safe. And i just told her i was terrified. I was so so good movie. I was so scared to hurt. Somebody just didn't want to hurt anybody. I didn't feel like i knew what i was doing But but she was right. I was a hard worker. And i did have a high regard for what i was doing enough to be honest about what i did knowing what i did it now but i felt like i was in over my head all the time and she started to reflect back to me what she'd seen. She said to know the patient. You talk to the nurses of patients when you come in you read you ask questions about the to the respiratory therapists. And then you're really. You're really moving in the right direction and you need to stop apologizing so much you deserve to be here and i said i don't know how to feel like like i know what i'm doing. And she said. I don't always feel like i know what i'm doing but what you gotta do is you gotta be alliance. Kimberly you've gotta be lying. Like a rut. She said the lion. You gotta stand up with your head forward and and and you just have to to to stand up on behalf of your patients as their spokesperson and be alliance. And she didn't really found a much more on that but then she kinda jumps up out of the chance to mess around your patient and it was three in the morning you puts down a pomegranate and we start walking around this intensive care unit at three. Am with ice game. And i'm presenting my patients and instead of asking me questions about you know what. What is this or acid base disturbance questions. She would tell me to stand up taller. She would talk to me about the kate and for my voice She was telling me to hold my paper differently. And we're just even she even show me how to see. I didn't know you know what. I i'm not sure about that. But here's what. I do know or to take time to think about what i did know. Because maybe it. And she didn't tell me any evidence based medicine or anything but what she taught me how to do was to see myself as enough in that setting and that i was there to learn and that was really truly okay. I'm from me to be scared. And if anything it was a way of honoring. My patients that i felt scared. She said i think you honoring your patients that you feel roughly You should always still a little bit afraid and you know so years later. You know when. I think about that I pay that forward a lot of told particularly women residents underrepresented minority resonant about you know. Sometimes you have to just show up and be a lion. When dr manning and i were talking here she spoke about how this fellow kind of stepped in her space and in a very short period of time did something. She called transformative for her career. The fellow could have gone to bed but she stayed up thirty more minutes and little to this fellow know the impact. It would leave on dr manning. And i can't help but be moved by her pep talk be a lion and that is what i tell myself even today. Eighteen years later on when you're from that even more twenty years from that as a faculty member when i'm asked to do something if i'm doing visiting professorship that little voice comes into me again and i tell myself i coached myself. I'm like be a lion in your own way. And the best part of the lyric is that it just says keep trying you know. It's not that you have to fake it. You can try though you can show up and try your best and that you know that moment. I think it's shaped the way i interact with learners who are new by enjoy loners who are new. Who are new in a new role. but it also is that we don't have to have figured out all the time. I kid you not but since recording this i have told myself be aligned. Just keep trying before every important meeting difficulty in the hospital. It's been so powerful. It's just one of the many things i've taken away from. Hearing these wide array of stories. I hope everyone listening can be a little bit more compassionate to each other a little bit more understanding to each other especially for those going through. These transitions maybe feel a little bit less alone in the struggle or or laugh at yourself. If you're white coat ends up a little bit in the toilet knowing that someone else might have gone through two. Thank you so much for listening and a very big. Thank you to all the people who told their stories. We will link their contact in the show notes. Please share this episode with colleagues as they're about to embark on a new transition and as stories role in this coming july. Send them our way. We would love to hear them. And if they're really good july stories we can maybe recorded on air for next july. Email us at hello at korean. Podcast dot com. And if you enjoy listening to our show give us a review on itunes or whatever podcast app you use. It really does help people find us. And let's continue the conversation over social media. What stories moved you. Which july stories could you really relate to tweet us or find us on instagram. That corallium podcasts or facebook at cory m. good luck everyone in july and let's continue the conversation take care..
Core IM | Internal Medicine Podcast
"july" Discussed on Core IM | Internal Medicine Podcast
"Impact on his team really interesting thinking about july in the starting of my fellowship and those kind of initial months If feels like. There's a lot more expected of me than than i have than i have sort of in my brain And so there was a bit of sort of typical july. You know imposter syndrome. The sense that well i don. I don't belong here. i don't know enough to be here and it's interesting because for me this time. It really took on a different spin. And i and i have this kinds of imposter syndrome but this time it was really different and i. It took me a while to realize what was happening. You know i had felt so much like you know. There's so much that i don't know That that sense of being an impostor that tie assume that anything. I didn't know was just as obvious as could be right if i knew it must be really. Everyone knows it. And it's amazing. How that kinda shocked me Else come shooting myself in the foot. So for example i would be teaching or something or being clinic in icu. And someone would do something or say something where i was like we. You don't know that. And instead of kind of the teacher that i wanna be kind of encouraging psychological safety and being able to say things. How would be shocked that this really obvious thing. Because i mean if i knew it must know it was kind of missing from this person and It led me to kind of really want to have different opinions of people that that would probably way way exaggerated right so so for example someone was using the the rest of the match for us. It's it's just a different kind of inhaler but it doesn't get used with a With inheriting berate with like with with the prospect to device that you would use for like a meter simple quarter. I'll beat her all right. So basically someone had been told patients to Put this in the in the chamber which is not supposed to be used but also kind of not that surprising to you step back because we do so little inhaler teaching. But i was just of like. Oh my god. How how could you do that. Like how could you think that And in a sort of really classic know this what else. Don't you know right. And and so i realized that that i was doing like for a lot of things again to me. Were really basic really obvious. But certainly not the case. Anyone else and i was actually then being so overly confident about things in when i was on rounds and unit or something like oh well of course. This person does attic. So we don't want to Over arrays respiratory rate. Too much on the vent. Move on right. That's so obvious things. I knew that it squashed that to kind of ask questions a little bit. I don't think i'm not trying to say this really dramatic thing. I think it was still pretty pretty good experience for everyone involved. We have a pretty good culture. But i certainly noticed and i noticed that later when i when it sort of clicked that i am doing this thing where i'm actually kind of perpetuating some of these problems and actually making other people feel like postures and actually what. I don't want to be doing building psychological safety. And so i thought that was kind of a. It's just opened a whole whole new Over my eyes up to kind of wow. I didn't even realize i was sort of acting like this. I kind of have those reflections about people. And then i really kind of put it into perspective after the fact. Yeah i've been there too. I've had to catch myself with quick judgments thinking. Whoa this person doesn't know the workup of anemia. And kinda step back. And say hey. I'm not here to judge. I'm here to teach. I'm pure to be compassionate. Not just in july but you know all year but i think until hearing dr lutchman swamy. I hadn't really reflected on these knee jerk judgments and maybe where they await valid myself and escaped my own imposter syndrome so this can lead to condescending tones or remarks that can really feed into a culture where people don't feel comfortable asking for help. Dr joel tofte nephrologist in detroit. Find himself struggling when he didn't ask for help and shared a pretty vulnerable july story. I'm one of the old guys. I graduated medical school in one thousand nine hundred ninety five and that's an important year right. Because nineteen ninety five is the peak of the hiv epidemic and so fifty thousand people in the united states died of hiv in one thousand. Nine hundred five and. That's my intern. That's the year that i started internship and in july my very first rotation was and we got called down for a patient in septic shock down to the er and so i go with my senior and it's It's horrible like we admit the patient and moments after amid him he codes and we try to resuscitate him for a couple of hours and we failed to resuscitate him in. this patient. dies. And and i didn't know it was first couple of weeks of residency and i didn't know how do stuff whatever whatever my senior asked me to do. I would do if i didn't know how to do it. I'd say i don't know how to do that. Can teach me teach me once. And then i'll be able to do that and i was really focused on the physical hard skills. I don't know how to put in a triple lumen. I don't know how to do an intimation. I don't know how to write c-pap borders but there's there's these soft skills that you also don't know how to do but it's harder to identify not knowing how to do that and and they asked me to tell the family that this person had died and this patient Was a patient. He had male genitalia eddie hat but he had female breasts and i never got to talk to this person right like soon. As i met him they coded. And i have no idea what pronouns they wanted and i had no idea what relationship they had his family and and they asked me to go in and tell the family that this person died and i marked it all up. I had no idea what i was doing. I what didn't figure out what the relationship of everybody in the room was to the fab to the patient. And you know there's some things that you only get to do once right and i it was. It was a about a proud moment for me and you know. I wish that i had had the confidence at that moment. To say hey. I'm not comfortable doing this. I don't know what i'm doing. Do you mind if i watch you. So i know how to do it better next time. And just because it's not a hard skill and it's something you feel like you should be able to do you know as an adult. It's okay to say. hey. I've not done this before and this is important. Dr tough sobering story reminds me of just how humbling these transitions can be. And the majority of the learning that comes with these new roles can't be found in medical textbooks. I think as educators colleagues and interest. Mary team members for each other. We can really make a big difference in and teach each other. A lot and our last july story exemplifies. Just that doctor. Kimberly manning a general transit emery tells us a story of an unexpected night in the icu of.
Uncommon
"july" Discussed on Uncommon
"Boats is definitely on the list. It's on this on one day. Driving is also another hobby. Mine have a sports car. I bought my first First porsche sports car. I think it was twenty one twenty two. I'm very portion. Allow almost says it's love. I love yet. I had a came at a time when i was twenty. One twenty two but After i got married switch to suv. Push k now i can. Yeah because i. I've said to lauren. That tesla tesla person. I think you're america. Yeah okay so this. This is what what i've had recently the porsche taycan. Yeah the electric missionary. It looks just looks. Ibm washing according meal. Expensive very expensive but it looks amazing for me. Like porsches like it's just the look back look like a career s something like that is what i really really like this other things. I don't like about porsche. That tesla has done a little better. Like i think the back of the portion of the people sitting in the back and comfortable. Yeah so lawrence constantly reminding me of that. She's like you know like if we have keyed sern never be able to like. Yeah you can take a couple years but when they grow up like subject yeah. It's funny you mentioned the testing. Because of a. I think that would be my next next car. Yeah which one maybe moto x. They got like massive change next year. The next year's model. Yeah so it'd be interesting to say the thing that fascinates me about electric cars is the amount of talk that you have a made it because i'm an acceleration go out and not a top speed. I love being able to move quick. But i don't need to go. Ultra ultra.
Uncommon
"july" Discussed on Uncommon
"In the episode at all. Would love your support and would help us. In developing the intellect around the series. But without i go into. Let's get back into episode. I'm guessing you're still on the board of the company. Yes so would you see and speak to people on a daily weekly monthly quarterly basis. While i mean. I'm just i'm very super inactive in the business now because of cool I'm just. I'm just seeing on the board You know i'm still shielded of the business is spain's a few hours on the board meeting every quarter that will be it. You know my focus still in july of course but you still get that insider score some way of getting some inter- yeah for sure so july. Let's talk about that. We've interviewed item before anyone wants to listen to our into zoe. Now for the market a series. Yeah i learn oversee in my interview with item that he was running three thousand thieves time. You guys met at this cafe. You obviously had been chatting about something and then this. This idea of luggage came up. I think i and at the time it was the fact that he'd gone to. Dj's or something like that and thought like this processes is shit but you seems now in hindsight already had those four categories in your mind at some point that conversation just plug and i guess i was just curious like you know like what is you seen. I even as a potential car found that sort of clicked with you eight skills that definitely like complement mice gil said we we. We work really well together and the stuff he does. I can do and stuff i do. He can do. Yeah and above that. He's just a great person to hang out with as well. You know And that's what i love about because doing business and then if they is not just about making money as about having fun together yeah and I got a lot of fun..