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A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Thinking Crypto News & Interviews
A highlight from BIG CRYPTO NEWS!! CITI BANK TOKEN & JUDGE DENIES SEC GARY GENSLER IN BINANCE US CASE!!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google or wherever you get your podcasts, make sure you hit that five star rating and review. It helps support the podcast and it doesn't cost you anything. Well folks, we've got big news coming out of Citigroup today. They have officially launched a token that will be used for deposits and the transference of money. Let me give you the details. Citigroup launches deposit city token services for institutional customers. This product will be based on a private blockchain controlled by the bank, converting customer deposit into digital tokens that can be sent instantly. Customers do not need to set up their own digital wallets and can be accessed through the bank's existing systems. This was reported by Bloomberg. This is huge news. There's many layers to this story. First it is further validation of this asset class and technology. And this technology is disruptive folks. And disruption is at the doorsteps of the banks, whether it be Citigroup, JP Morgan and many more. And they are trying to build their own versions, right? If the old system is working so perfectly, why are they trying to build blockchains and use blockchains and build tokens? Why? They know this new technology, this new asset class is the future. This technology is here to stay. It has many benefits. It will leave the old system in the dust. Folks, disruption is happening. Another major move here by a bank. And it's once again, further validation with technology. The other layer is that just about a week ago, reported on September 7th, JP Morgan was reported that they were building a deposit token themselves for settlements. JP Morgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clients. Pretty clear what's happening here, folks. They know, especially with the likes of Ripple winning the lawsuit and XRP getting the clarity and not to mention CBDCs and stable coins and PayPal building their stable coins. This technology is here to stay and it's moving at a rapid pace. And look, I've been on record saying that I believe the TradFi incumbents, such as Citi, such as JP Morgan, Goldman, and these guys, weaponized Gary Gensler and the SEC to go and try to kill the stable coins, kill Ripple, kill whatever payment or crypto startup, right? Because Gary Gensler and the SEC are controlled by these TradFi incumbents. I had Caitlin Long on the podcast talking about the bias towards the TradFi incumbents, right? And we know how the political system works with campaign donations and much more. So it's pretty clear what's happening here. If you sit back and you look at the timeline, you look at the parallel of these things that are actually happening, right? We're not saying that we're not fabricating something here. It's clear what's been happening. It's clear what Jamie Dimon was saying since 2017 and what his bank was actually doing, right? Watch what they do, not what they say. Folks, first they ignore you, then they laugh at you, then they fight you, and then you win. It's pretty clear that this tech is so disruptive. They're scared of it and they're trying to build their own versions. But the problem is these wall gardens that they're building on private blockchains, no one's going to trust it. Why would another bank want to trust your token that you control the blockchain, you control the nodes, and much more? There are going to be private blockchain systems, don't get me wrong, right? Citi may launch its token and within its own different branches move money and settle instantly, but don't expect JP Morgan to use their coin and vice versa. So this is what's happening. They're not going to be able to disrupt the market with cross -border payments and all the different blockchain systems that are out there, which provide more of a free market, trustless permissionless setup. So very bullish folks for the crypto asset class that these banks are so scared. They're trying to launch their own tokens. And once again, JP Morgan is trying to do the same thing. And as mentioned, this is being reported by Bloomberg and they're calling it Citi Token Services once again. Let me give you a quote here from Shamir Khalik, global head of the company's services division. The development of Citi Token Services is part of our journey to deliver real time, always on next generation transaction banking services to our institutional clients. Oh, but I thought the traditional way of doing things was working. I thought crypto and blockchain, all these things are scams and a Ponzi. I guess not. The move is the latest by an established banking giant to offer so -called tokenized deposits or transferable digital coins that can represent a claim against banks. Crucially though, these tokens are processed on blockchain reels, meaning settlement is instantaneous. Yep. Folks, I'm so glad I'm here early. I'm paying attention. I'm researching, I'm dollar cost averaging and I'm hodling. Now a great way to dollar cost average in is using Uphold, which is a great crypto exchange. They are one of the sponsors of this podcast. I've been using Uphold since 2018. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and 37 national currencies where you can easily transfer between crypto to different Fiat currencies to precious metals. That's a pretty unique feature to Uphold. If you'd like to learn more about this platform, please visit the link in the description. Well, folks, we've got big news around the SEC versus Binance. The judge declined the SEC's request to inspect Binance US. So if you recall, there was news that the SEC rips into Binance US over a shaky asset custody asked court to order inspection. The regulator asked a US court to reject Binance's half -hearted objections to its motion seeking depositions and inspection and communication from the exchange. This is another big fat L for scumbag regulator Gary Gensler, and this is being reported by Bloomberg. Here's the headline. SEC fails to win immediate inspection of Binance US software. Regulator says it is not getting enough access in lawsuit. Magistrate judge didn't grant expedited discovery requests. So the SEC says it has been struggling to get information from Binance US since it sued the American exchange along with its international affiliate Binance Holdings Ltd and its chief executive officer Changping Zhao in June. So Gary is taking loss after loss after loss. And I think a big blow is coming with Coinbase. I think Coinbase has a strong case and just like the grayscale situation, a lot of legal analysts are saying, yeah, we think Coinbase is going to walk away with a victory. Now, it may not be a full victory, kind of like the ripple situation where the SEC did win on some grounds, but it will be the lion's share of the win, or if you were to count up the numbers here, and that is what we're looking for. And you may say, well, Tony, why are you bashing the SEC and Gary Gensler so much? Don't they have a job to do? You're absolutely right. They do have a job to do, but we know, and this has been confirmed by the crypto industry as well as members of Congress and other regulators, even SEC Commissioner Hester Peirce and Mark Ueda, the SEC and Gary Gensler have not been acting in good faith. They have not been abiding by the law. So this government agency, which is supposed to have integrity, which is opposed to abide by the law, are themselves not doing that. Well, you have Judge Sarah Netburn rip a lawsuit saying the SEC lacks faithful allegiance to the law. What a burn. What a statement, right? That a government agency is being called out by the judicial branch and you lack faithful allegiance to the law. And even Bill Hinman and his conflicts of interest with Ethereum. And the list goes on and on and on. Gary Gensler is a puppet on strings doing the bidding of the incumbents when he's supposed to be a neutral party just looking to protect investors and they are attacking good actors. So it's not like they are just going after bad actors and that's the end of it. They're attacking good actors. And it goes back to what we were talking about at the beginning of the podcast. Citibank and all these banking incumbents have weaponized Gary Gensler to kill the startups that are disrupting them. The other aspect is Gary Gensler is not working with Congress to provide clear regulations, right? And he's flip flopped over the years. He's a big hypocrite. He's a liar. We've seen him lie many times. And he continues to say there's hucksters and scammers and so on and so forth in the industry. I tweeted about it today. You have some of the biggest names entering the crypto market, such as BlackRock, Franklin Templeton and many others filing for Bitcoin spot ETFs. Earlier this year, Charles Schwab, Fidelity and Citadel launched a crypto exchange called ADX Markets. PayPal launched a stablecoin. Deutsche Bank just reported last week they will offer crypto custody. Mastercard launched a CBDC program. Visa expanded their use of USDC stablecoin on Solana. So Gary clearly tried to distract and attack the startups while his Wall Street TradFi buddies come in and take over and look at the facts, right? I just listed out a whole bunch of big names that are coming in. And remember, Gary met with Sam Beckman Fried and FTX officials, didn't do anything. Big collapse happened there. He didn't do anything about Celsius or three hours capital and a whole bunch of other things. He didn't stop Terra Luna or anything like that, right? He just sat back and waited. And I think that was part of his strategy. I think he knew of the things that are happening, but he let them collapse so that they would hurt the market, right? Let the flush out all these startups who look, they're not established like the banking incumbents. And then what happened this year? Oh, I'm going to go after the good actors. I'm going to go after Coinbase, right? I'm going to go after this company and that company and NFTs and many other projects. So it's pretty ridiculous what's happening. But guys, we will win the war. We've seen historically that the disruptive technology will progress. It will get adoption. And if these folks don't get on board and it looks like they're trying to with their tokens, they will get or have their blockbuster moment. Now, speaking of further adoption, blockchain capital raises $580 million for two new funds. Venture capital's firms, record funding comes as space is teeming with exceptional innovators, despite bear market execs says. So the capital keeps coming in investments into the crypto industry. These companies and these funds are investing in both the companies, building the infrastructure, as well as the tokens are very, very bullish. Despite all that happened last year with FTX and Celsius and so forth, there's looking beyond that. They're looking at the future and the horizon of the adoption of this technology and much more. So one is the San Francisco based companies, six early stage fund in line with such funds it has previously launched, while the other is its first so -called opportunity fund. The $580 million marks the company's largest raise in its 10 year history, according to blockchain capital executives, Spencer Bogart, Bart Stevens, and Jason de Piazza. Such funding coming during a bear market reflects our investors trust in our long -term perspective, they said in a Monday blog post, adding that innovation often thrives during tough economic times. Despite the downturn in liquidity prices, we see a space that is teeming with exceptional innovators and founders, each aligned with the first principles of open source innovation, credible neutrality, and censorship resistance, Stevens told block works. The firm's first opportunity fund was conceived as a post dislocation investment vehicle. According to blockchain capital, Bart Stevens, it was designed with a high conviction concentrated mandate to pursue financing opportunities at the later stage. Very bullish news here, my friends. And here we got some more quotes. We felt generalists and newcomers misjudged the opportunity set he added. In contrast today, the fundraising environment for late stage crypto companies is barren, creating a unique and compelling opportunity for targeted capital that understand web three technology. Pretty incredible folks. And this is a lot of capital and more is going to keep coming, right? We're just seeing some of the biggest trad fi names entering a lot of capital being raised by different funds and new funds popping up and they're going to invest in the market and we're going to see continued growth and the S curve adoption keeps moving higher and growing folks. It's happening day by day, week by week, month by month, year by year. Now we got news here in New York financial watchdog proposes strengthened crypto guidelines. The New York financial or the New York department of financial services published proposed guidelines on Monday aimed to strengthen how firms list or delist coins. It also proposed guidance on adding coins to the state's green list. So we're seeing states move in the direction of trying to figure out regulations while the federal government continues to drag their feet. Obviously we got two bills in the house and shout out to patch McHenry and those folks who have been trying to get things through. Even Senator Cynthia Lummis and Christian Gillibrand in the Senate also have a bill, but we need Congress to act, right? Things are moving really slow. They need to put the guardrails in place, but we're going to see a lot of states do this. And I think as they do this and with their grassroots movements and much more, it's going to put pressure on the federal government to eventually act. So I think this is a good thing. However, the devil's in the details. New York can sometimes be very heavy handed. They obviously have the ridiculous bit license, which they should get rid of. But I think that's Wall Street's gatekeeping to allow only companies that they want and much more. So it's tough for a lot of crypto companies to get that bit license in New York. So we shall see what they come up with, but let me give you some details. Since joining DFS, I have made it a priority to ensure the department's regulatory and operational capabilities keep pace with the industry developments to protect consumers and markets. And why DFS Superintendent Adrian Harris said in a statement on Monday, and why DFS has been active in regulating crypto in the state for years, having launched its bit license regime in 2015. A slew of firms have virtual currency licenses in the state, including Coinbase Incorporated, and according to its site, although some firms close up shop in the state. So let's see what they come up with and all the details as it comes out, and we'll have some of the legal experts review it. But I am for regulations. I think they're important. Now, I don't believe in draconian regulations. I believe there's a balance. You allow innovation to flourish, but you protect consumers. That's the balance. But we got to keep our guard up and push back on anything that's draconian. Finally, Malta, they seek to change their crypto rule book to get ready for MICA. So the EU MICA regulatory framework was passed. The EU and the UK are ahead of the United States right now. The country's financial watchdog wants to align its framework with the EU wide rules set to take effect in 2024. So once again, EU and UK ahead, and it looks like these countries and the European Union are going to look to align to this. So this absolutely makes sense. Now, this law and this regulation is not perfect, right? And there's still some fine tuning that's needed, but it's a really great start. And I'm glad they were able to get things through because it just once again shows crypto is not dependent on the United States. This in technology the digital world that we live in and everybody on the internet, it doesn't need the United States land and borders to operate. It can operate from anywhere. Now, obviously I say that, but the United States is the world's largest capital market. So matter of capital raising and funding and so forth, that is certainly a big factor for the United States, but for these projects to launch and to build and to grow, they don't need the United States. And living in the United States, I'm worried that the US is in danger of losing some of these companies and a lot of jobs and economic benefits, but hopefully they can get it right sooner than later. And this EU MICA bill will take effect in 2024. And I think we can expect to see other countries align with it. And that is really great because there's not going to be different rules for different countries, at least in the EU, they can online and provide clarity to the different businesses operating in the EU. So this is good news, I think all around. Well, folks, that's the news. Please let me know what you think about the Citibank token, the SEC taking another big fat L, the judge striking down their requests in the Binance US case. And what do you think about all these items? Leave your thoughts and comments below, hit the five star rating on the podcast platforms, and I'll talk to you all later.
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"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. And 130 Industries. And remember, you can access Bloomberg Intelligence through BI Go and the Terminal. I'm Alex Steele. And I'm Paul Sweeney. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. Talks aimed at ending a united autoworker strike are underway for a second straight day with no breakthroughs reported. Appearing on MSNBC, UAW President Sean Fain said that progress has been slow as the two sides continue to meet. Nearly 13000 autoworkers remain on strike, demanding better pay and pension benefits. House Speaker Kevin McCarthy says President Biden will get what he wants if members of the GOP caucus remove him from the speakership. If you did a motion to vacate, you would have to a handful of Republicans work with Adam Schiff, Eric Swalwell, Ehan Omar to remove the speaker. And it would be exactly what the president wants. During an interview on Fox News Sunday Morning Futures, the California Republican said ousting him would shut down the house and stop the impeachment inquiry against President Biden. McCarthy also brought up what it took for him to secure the speaker's gavel in January. He was elected after a historic 15th ballot. McCarthy's comments come after Florida Republican Matt Gaetz vowed to bring forward a motion to remove the speaker unless he meets conservative demands on spending cuts and policy reforms. Los Angeles County Sheriff's Deputy Ryan Klinkenbroomer was killed in an ambush -style attack Saturday night near the Palmdale Sheriff's Station. Sheriff Robert Luna says they're searching for answers.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1401: FIDELITY: Bitcoin Will Hit $1 Billion Per Coin By This Date
"In today's show, we're going to be discussing Bitcoin ignoring the CPI and FTX as the price action hit us a September high of $26 ,600 as the bulls are back in control. We'll also be discussing the court approving the sale of FTX digital assets, meaning the assets will be sold off weekly with special handling for Bitcoin and Ethereum and insider affiliate tokens. Also breaking news just in, Congressman Tom Emmer launches an anti -surveillance state act with 49 Republicans in a new push against CBDCs, central bank digital currencies. Also the SEC chairman Gary Gensler says crypto is a field rife with fraud, abuse, misconduct. It's daunting. We'll also be discussing breaking news, $800 billion asset manager Deutsche Bank partners to offer Bitcoin custody for institutions. Let's go. It virtually means that the bank can now hold crypto directly for its clients. Also in today's episode, we'll be discussing, can the Bitcoin price achieve fidelities? $1 billion price target by 2038. That's right, the $4 .5 trillion asset manager is predicting that one Bitcoin will eventually be worth $1 billion 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 cryptonewsalerts .net. With that being shared fam, welcome to everyone just joining us. This is pod episode number 1401. So let's fricking go. Today is September 14, 2023 and the crypto market is back in the green. Shout out to everyone out there in the live chat. It's good to see the entire Bitcoin fam. So yeah, let's kick it off with our market watch. As you can see, Bitcoin is trading back above $26 ,600. We also have Ether trading back above $1 ,600 and virtually most all the major cryptos are in the green minus BNB barely in the red. And checking out coinmarketcap .com, the current crypto market cap sits just north of $1 trillion with $28 billion in volume in the past 24 hours, but the Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .6%. So yeah, checking out the top 100 crypto gainers of the past 24 hours. We have Axly Infinity leading the pack trading at $4 .73 up 11 % followed by ThorChain up 5 .5 % trading at $1 .65 followed by Conflux up a modest 5 % trading just above or I should say just shy of 12 cents. And checking out the top 100 crypto gainers for the past week, we can see virtually everything is in the green minus a handful including Scamcoin FTT down 5%. Axly Infinity leading the pack here as well up 12%. And as you can see, the alts are pumping. That's what's up. How many of you took advantage of this recent price dip? Let me know. And how many of you are gonna be hodling into the next Bitcoin halving, which is roughly six months out around the corner. Holla at your boy chat. I appreciate the interaction. At the end of the show, I'll be reading everyone's comments out loud. And how you doing today for Christ's sake? Holla at your boy. Don't be a stranger. And with that being shared, now let's dive into today's Bitcoin technical analysis. Check out the charts and what is popping with the King crypto. Here we go. Bitcoin hit new September highs after the September 14 daily close as markets digested macroeconomic as well as crypto. Industry news, which you can clearly see here in the Bitcoin one hour candle chart. Now data from Cointelegraph and TradingView tracked the Bitcoin price highs of 26 .5 over on Bitstamp and Bitcoin had shaken off the higher than expected US CPI the day prior, which we covered here in the show, maintaining that 26 ,000 support. Subsequent confirmation that the defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoin's comparatively solid intraday performance. And a little later in the show, I'll be sharing that ruling directly coming from the courts in regards to the FTX assets being sold. Now coming up to the range highs and once we flip these levels, we can look to finally get into a safe position and long since popular crypto trader, Crypto Tony and fellow analyst, Dan Crypto Trade suggests that the overall Bitcoin market dynamics have changed versus the period of weakness seen around the monthly close. Quoting this gentleman here, market feels different this week. The dips are being bought up relatively quick and while the price keeps sweeping highs, it keeps crawling itself back and leaving the lows untouched. The spot bid is also stronger than the past few weeks, might be wrong, but I am optimistic. Let me know if you agree to disagree with the analyst and additional analysis predicts that the longer term Bitcoin price breakout should US regulators approve a Bitcoin spot ETF or which we all know is inevitable over the coming months. He also says that BTC .d is still holding on the previous range high, which is the Bitcoin dominance chart and in the CHOP region, but ultimately says, I think this would go higher in case of a Bitcoin ETF approval one day. Yeah, that's right. They can only push it back and delay it for so long. I believe the next day they have to acknowledge it is in October and more than likely Gensler and the SEC is gonna push it back till next year. That's just my two Satoshi's. Let me know your thoughts, fam. Now more cautious was Trader Sku who referenced the on -chain volume prime to cool once more after the relief rally, quitting him here. The daily structure looks fairly good here and decreasing volumes. So could definitely be looking towards a relief rally before lower as the commentary read, noting the Bitcoin was still holding the key 25 ,000 level. Now with Bitcoin up just 1 % month to date at this time, Bitcoin is nonetheless on course for its best performing September and years. As we know, it's usually September, pun intended. According to data from monitoring resource CoinGlass, the last time Bitcoin gained in September was all the way back in 2016. That's like holy moly, seven years ago, fam. That year was its best on record at a modest 6 % while its biggest red September bear month was two years prior when it lost a whopping 19%. Talk about total bloodshed, right, fam? Now in 2022, Bitcoin shed 3 % before climbing another 5 % in October, which is a popular month amongst the bulls who informally referred to it as Uptober. So hopefully, God willing, we have another Uptober here right around the corner as we're already halfway through with September. With that being shared, fam, let me know your thoughts and outlook on the current landscape of the crypto market. Do you feel we're likely to correct lower or do you think we'll continue rising back towards that $30 ,000 level psychological resistance? Let me know, chat. And now let's break down our next story of the day and discuss the latest judgment coming from the courts regarding the FTX asset sales. Here we have it. This is just in, the Delaware Bankruptcy Court approved the sale of FTX digital assets. We have Judge John Dorsey who made the ruling at a hearing yesterday, September 13th. Major changes were made to the draft order authorizing the sale the previous day. Now as you know, there's been a lot of FUD of people talking about all the assets, billions of dollars worth of crypto is gonna get dumped and it's going to wreck the market. Well, there are some caveats, so it's important I share them here. FTX will be allowed to sell the digital assets excluding Bitcoin, Ethereum, and certain insider affiliated tokens in weekly batches through an investment advisor under pre -established guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors committee and ad hoc committee or to raise the limit to 200 million weekly with the approval of the court. So they can't dump it all at one time which is good for the bulls, right? Now Bitcoin and Ether and insider affiliate tokens can be sold through a separate decision by FTX. After 10 days notice to the committee and the US trustee, the US trustee is appointed by the US Department of Justice. Now I'm curious what those insider affiliate tokens are. If I was to guess, I'd guess FTT, that scam coin, Bankman Fried created out of thin air and I'd also throw Solana in there, but what are your thoughts, fam? Let me know. Those sales will also be conducted through an investor advisor. Information about the sales will be subject to professionalize only and confidentially restrictions with a redacted version accessible to the public. The sales will be subject to written objection by the committees and the US trustee. And in that case, the sales will be delayed until the objections are overcome or the court orders a sale. Quoting Bak Ubu here, FTX adapts crypto sale plan to address the US government concerns. FTX, the bankrupt crypto exchange is making changes to its proposal for selling billions in crypto assets. That's right. And I just broke down ultimately what you need to know. The conditions on the latter sales were added in the draft submitted September 12th, a couple of days ago. They were regarded as cautionary moves to ensure the market stability during the influx of FTX assets. Some observers noted that the sales will represent only a small portion of the trading volume and may not have a heavy impact. But according to a recent shareholder update, FTX has $833 million worth of Bitcoin and Ethereum collectively. FTX can enter into hedging arrangements using Bitcoin and ETH with the private approval of committees and can use them for staking according to the guidelines. The FTX token, as we know, is FTT, cannot be sold without further court authorization. Well, good for them. Glad to hear they're not authorized to sell their scam coin and dump it onto the market. That's definitely a good sign, wouldn't you think? Now let's break down the next breaking story of the day. Gotta give respect and credit where it is due. We have US Congressman Tom Emmer who made a very strong anti -CBDC stance and we know that's the central bank digital currencies which the central bankers are gonna be rolling out and I know their pilots have already began rolling out around the world. So let's discuss this anti -CBDC push because I'm all for anti -CBDC. That's why I promote Bitcoin every day here on the pod. Bitcoin is the antidote to the CBDC. Let me know if you understand what I'm saying. Now Congressman Tom Emmer is leading the reintroduction of the bill that aims to prevent the Federal Reserve from creating a digital dollar. God bless him. Emmer says on the social media platform X that if it isn't designed to emulate cash, then a CBDC would dismantle the American's right to financial privacy while also emboldening the administrative state. Facts. The majority whip says that the new bill attempts to prohibit the Fed from issuing a retail CBDC while protecting innovation and any future development of true digital cash. This bill puts a check on unelected bureaucrats and ensures the US digital currency policy upholds our American values of privacy, individual sovereignty and free market competitiveness. The administration has made it clear. President Biden is willing to compromise the American people's right to financial privacy for surveillance style CBDC. I don't believe in compromising American rights. That's the bottom line. If not open, permissionless and private like cash, a CBDC is nothing more than a CCP, which we all know stands for, right? Style surveillance tool that will be weaponized to oppress the American way of life. Preach. I couldn't have said it any better myself. I stand by what he is saying because I know it's fact. Now while official, the concrete plans for the CBDC haven't been released by the US government as opposition has already formed, which is a good sign. We also have US candidates who are running for the presidential election next year in 2024, including current governor of Florida, Ron DeSantis, who is running as a Republican. And we also have Kennedy Jr. who is running as a Democrat who are both pro Bitcoin and anti CBDC. So we must stand strong and oppose these weapons of financial mass destruction, which are better known as CBDCs. So again, much respect to the congressmen and those making this push. Now last month we also had Ohio Republican Warren Davidson said the CBDCs pose an existential threat to the Western civilization and was committed to fighting against them. Davidson said that he wants to prohibit the CBDCs because they threaten other digital assets like Bitcoin and impede the development of the beneficial financial technology. Facts, quitting him here. Central bank digital currency poses a serious threat, tall digital assets, as I said, at flyover FinTech. Many people wrongfully conflate even Bitcoin with a CBDC. Ignorance is bliss, huh? At least most agree that CBDC is evil, the financial equivalent of the Death Star. Great reference to Star Wars there. Don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning a CBDC is essential to the American's FinTech future. So there you have it. What are your thoughts on CBDCs if they roll out, which more than likely they're going to eventually at a theater near you, are you going to participate in them, is the million dollar question. What if they give you a stimulus and they promise you, we're gonna give every American $5 ,000 of this digital dollar, AKA CBDC, central bank Ponzi scheme currency. What are you gonna do about it? I say just say no to Bitcoin, or I'm sorry, just say no to CBDCs and fight it with the antidote, which is Bitcoin, by simply stacking stats today and preparing yourself so that you can fight the tyrants who are trying to take over our country. Just saying, fam, let me know if that resonates with you. And with that being shared, now let's break down our next story of the day and discuss the latest with Mr. Gary Gensler, the chairman of the SEC and what they recently shared with Congress regarding cryptocurrencies and enforcement. Here we go. The chairman of the SEC, everyone's favorite huckster, Gary Gensler talked about cryptocurrency during his testimony before the US Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, two days ago. Reiterating his views that most crypto tokens are securities, Gensler told the lawmakers without prejudging any one token, the vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the security laws, it follows that most crypto intermediaries have to comply with the security laws as well, quoting the chief right here. In terms of crypto, I've been around finance for 44 years now, and I've never seen a field that is so rife with misconduct. It is just, it's daunting. He further described the crypto industry right now. Unfortunately, he says there's significant noncompliance and it's a field which is rife with fraud abuse as well as misconduct. Now the Senator Bill Hagerty asked Gensler during the hearing what the SEC needs to see from issuers to approve a Spot Bitcoin ETF. Wouldn't you say that's a great question? Following the recent court ruling in favor of the grayscale investments, now the court found that the securities regulator, denial of grayscale Spot Bitcoin ETF app, was arbitrary and that the SEC Chairman Gensler replied with the following, we're still reviewing that decision. We have multiple filings around Bitcoin ETF products, so it is not just the one you mentioned, but there's multiple others. We are reviewing them and I am looking forward to the staff's recommendations. So there you have it. How do you feel this will likely play out regarding the regulators and crypto choke point 2 .0 as it continues? Do you think it'll keep pushing innovation outside the United States? Or do you feel that it's just a matter of time and Gensler's no longer gonna be able to push back these deadlines for the SEC approvals? Because we all know once the Spot Bitcoin ETFs get the green light from the regulator, it's game on. There's literally trillions upon trillions of dollars right now sitting on the sideline just waiting for that freaking approval. And if it wasn't for the SEC, we'd already had a Bitcoin Spot ETF a decade ago because that's how long they've been denying them, right? In fact, the very first Bitcoin ETF application was submitted by the Winklevoss twins of the Gemini exchange literally over a decade ago. And while they keep approving these futures ETFs which aren't in the investors best interest, but to keep pushing back the Spot ETFs which benefit everyone makes no logic except they're doing what they do because that's what they do and let's leave it at that. And with that being shared, fam, now let's break down the latest breaking news regarding Deutsche Bank. This is big news coming from another major institution and then I'll be breaking down the $1 billion fidelity price prediction for the King Crypto. That's right, they're saying that one Bitcoin will eventually be worth $1 billion per coin and then we'll dive into our live Q &A. So yeah, here we go, breaking news just in. The German bank, Deutsche Bank, was one of the handful of companies to invest in a $65 million Series B fundraising round for tourists in February of this year. The company offers enterprise -grade infrastructure to issue managed custody and trade, cryptocurrencies, tokenized assets, as well as NFTs and other digital assets. Let's go. Now according to Taurus' co -founder, Lamin, the partnership underwent a thorough and very detailed due diligence process before the German bank decided to use its infrastructure services, quoting them here. It started end of 2021 and ended somewhere in 2022. We won the deal a couple of quarters ago and as previously reported, Deutsche Bank has been brewing plans to offer crypto custody and trading services to its clients over the past three years, since 2020. The bank most recently applied for a digital asset custody license from Germany's financial regulator, Baffin, in June of this year, as it continues plans to offer its customers access to crypto markets as well as assets. Now brain, aka, confirm, whoever that is, the agreement is global in scope with tourists providing custody and tokenization tech in line with the local regulatory requirements. Let's get it. Good stuff. And I appreciate the live chat right now. I am tuned in and checking you guys out. Much love. Any questions, feel free to drop them. And again, at the end of our premiere story with Fidelity, we're gonna be reading those comments out loud. Anyways, announcing the partnership, Deutsche Bank Global Security Services head, Paul Maly, said that crypto space is expected to grow to trillions of dollars of assets and is likely to become a priority for investors and institutions. Preach, that's a given, right? Meanwhile, Deutsche Bank's asset management arms, DWS Group, had reportedly been in discussions to invest in two different German -based crypto firms in February of this year. This includes crypto exchange -traded product provider, Deutsche Digital Assets, and market maker, platform, Tradius, Deutsche Bank Singapore, and Memento Blockchain also recently completed a proof of concept called Project DOMA, which stands for Digital Asset Management Access, which allows for the management of digital funds and tokenized securities. And founded in Switzerland in 2018, Taurus' Series B round was led by Credit Suisse and included the likes of Deutsche Bank alongside Arab Bank Switzerland, indicating major interest from traditional financial banks. Let's go. The announcement of its Series B round also clearly outlined Taurus' aim to serve tier one banks in Europe. And they also told Cointelegraph that the platform serves close to 30 banks, with most deals going beyond cryptos to including tokenization of equity debt as well as other products. Deutsche Bank is set to offer customers crypto custody options through a partnership with the cryptocurrency infrastructure platform, Taurus. Now obviously, this is a major, major deal when you have a $800 billion asset manager, such as Deutsche Bank, partnering to offer Bitcoin custody for institutions around the world. The bank can now officially hold crypto directly for their clients. So there we have it. Another one bites the dust. And now for the moment you have all been waiting for. Let's discuss this $4 .5 trillion asset manager, Fidelity, which I believe, correct me if I'm wrong, is the second largest asset manager in the world, next to BlackRock that controls over 10 trillion in assets under management. They're predicting, their head of global macro, Julian Timmer is predicting that the Bitcoin price hit $1 billion per coin. So let's break this down, shall we? And then we'll dive into our live Q &A. Here we go. Fidelity's prediction for Bitcoin. We have Julian Timmer, director of global macro at Fidelity, put forth the notion that Bitcoin, the king crypto, has the potential to reach a value of $1 billion per BTC in roughly two decades, specifically around the year 2038. So there you have it. Right now we're in 2023. So what is that? Roughly like 15 years out. To supply the forecast, Timmer employed a combo of models and charts with particular focus on the stock to flow model and his own demand model. These analytic tools form the foundation for his primary prediction. And speaking of stock to flow, massive shout out to Plan B, creator of the Bitcoin stock to flow model. Now he believes, along with the stock to flow, the data, which doesn't lie, that the Bitcoin price is subject to hit between 100 ,000 and a million dollars after the halving in 2024. Let me know if you agree or disagree with the stock to flow prediction. And now we'll get back to this analysis from Julian Timmer of Fidelity. The above demand model employs Metcalfe's law, and according to the numbers of its users, grows linearly, the network's value, or interfiends, the Bitcoin price, grows geometrically. This means that the utility of the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs, and participating retailers. Therefore, this model predicted that the Bitcoin price will reach $1 million, which is seven figures, by the year 2030. Now I'd also like to throw out there, we also have Cathie Wood of ARK Invest predicting a $1 million Bitcoin price by the year 2030. In fact, if you've been following my show, then you know her bear case scenario is over a quarter million per BTC in 2030, her base case is over 600 ,000, and her bullish case is $1 .48 million per BTC. There's other big analysts and financial institutions as well, just as bullish as Cathie Wood. So I just wanted to throw that out there that there's others in agreement with Jurien Timmer thus far on this Bitcoin price prediction. So yeah, in contrast, Timmer's stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction with the other factors, it foresees a Bitcoin price range of $1 million to $10 million for Bitcoin defined by the year 2030. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seemed to provide a better approximation for the peak of Bitcoin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030, which is where things get interesting. The reason behind this gap is expected to be the changing value of the dollar, as many, many economists are anticipating the crash of the dollar in which Jurien Timmer is as well. So Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other traditional assets. For instance, if just $1 was invested into the stocks during the 18th century, its present -day value would be roughly $4 billion. You mean to tell me $1 invested into stocks in the 18th century is now worth $4 billion? That tells you everything you need to know about fiat currency, folks. Now similarly, Timmer implied that if $1 million was invested today, it can grow to $1 billion in just a span of 20 years. This further revealed that the purchasing power of the dollar has significantly reduced due to factors like inflation and depreciation, and let's not forget, money printer continued to go. Just saying. Thus, Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets' changing value, and over the last few years, an increasing number of are companies taking over the $1 trillion market cap, and as a result, it's foreseeable that in the next two decades, the concept of a trillion -dollar valuation will become more common. Yes, right, so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. Like, whoa, so is this milestone still achievable for Bitcoin is the million -dollar question. So despite Bitcoin's historical growth, it had recently faced a significant setback. Bitcoin's network activity had diminished, and it had fallen behind in comparison to Cardano's network, for example, the number of active addresses in the Bitcoin market had experienced a notable decline when compared to the levels seen in 2021, but we also gotta note that we're currently in a bear market, past couple of years. We hit the cycle peak back in 2021, and we soared. Remember COVID era? Bitcoin dumped all the way down to like $3 ,500 range, and within a year, by the end of the fourth quarter of 2021, we hit that all -time high, which is the current high of $69 ,000. So this just goes to show you how fast Bitcoin can climb during a bull market, and we know the past couple of years have been bearish as all hell, right, especially 2022. We had the collapse of Terra Luna. We had the collapse of FTX being the second largest crypto exchange at the time. There was mass contagion. Everything was impacted. We dropped to a new cycle low of 15 ,700, but I think the bottom is past us. What's your thoughts, chat? Do let me know in the comments so I can read those out loud here in a little bit, but let's finish up this prediction. The higher network activity, like increased transaction volume or active addresses, is viewed as a positive indicator for the growing adoption for Bitcoin. This can create a sense of confidence amongst investors, potentially leading to the rise in demand and positive effect on the price action, and although Timur's prediction may be considered far -fetched and lacks empirical evidence, it doesn't completely dismiss the possibility of Bitcoin reaching such levels. The concept of de -dollarization has gained stature, shifting global attention towards alternative currencies. The shift in focus is expected to drive the demand for assets like golden crypto, such as Bitcoin, and with BRICS pushing for the fall of the dollar, the BRICS currency and Bitcoin are expected to garner continued momentum. So there you have it, fam. What are your thoughts surrounding this whopping $1 billion price prediction for the king crypto by the year 2038? Do you think it's realistic? And before we even got to that billion prediction, what about $1 million by the year 2030? Do you think this is realistic? Do you think this is a pipe dream? Do you think this is conservative? What's your honest thoughts? And where do you feel the dollar is likely to go over the course of the next few years? Do you think it will not even be in existence and will be replaced by the digital version, which is the CBDCs, central bank digital currencies that Congressman Tom Emmer and many others are warning you about? Let me know your honest thoughts. 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.
The Aloönæ Show
A highlight from S13 E06: Luna's Path: Poetry, Authorship, Life's Wonders
"Hello, welcome to The Elone Show. I'm your host, John Mayelone. In this episode, don't have any regulars, because... reasons. As for our guests, they are from Minneapolis St. Paul's and they are an author. Ladies and gentlemen, I give you Luna Ray Hall. Hello, hi. How are you? Going great. Thank you for having me. You're welcome. How's life? a Life is lot. You know, I'm glad it's almost fall. Yeah, it's been a whirlwind of a summer with this book coming out and a bunch of other things. So it's been good, but it's been a lot. All right, then. Very good. So... How did you become an author? Yeah, um, yeah, so I kind of think I'd go back to... It really started in college. I was never really a good, like, English student or a big reader when I was a kid. So when I got into college, I didn't really know what I wanted to do. And I had to take English courses, so I ended up taking a poetry class and that really struck a chord with me and I went from there. Went to grad school for poetry. That's primarily what I write is poetry, except for my most recent book, The Patient Routine. That's a horror genre mix with poetry as well. So really, I mean, it's I think it's just a good a good thing for me to get out a lot of emotions and feelings and it's also, I mean, I love telling stories, I love showing people how I see the world, how I imagine life looks like to me and yeah, I think that's kind of, you know, there's a lot of things that being an author and writer gives you that you can give to other people. I think that's kind of where I lean to why I keep doing it. Okay, sounds good. What was life for you growing up? Yeah, um, I guess I kind of have a standard Minnesotan experience. I come from a medium -sized suburb of the Twin Cities to a lower middle -income you know, household raised by, you know, both my parents were there and I have two older older siblings, a younger sibling so I kind of, you know, it felt very average to me throughout my childhood. So I don't really have anything to like, you know, nothing like wild happened to me. I kind of feel like I just went to school and came home and lived, you know, did my homework and kind of did other things but um, yeah, I, you know, I don't really think it's anything special, you know, I don't think there's like anything that like that I look back on and I'm like, wow, that was really unique. Alright then, that's cool.
Crypto Critics' Corner
A highlight from How to Steal Almost $100 Million: Prime Trust goes Bust
"Welcome back everyone, I am Cas Pianci, I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty good. How are you, Cas? Good. It's been a weird few days, even despite the weekend. Yeah, a lot of a lot of weird news breaking. I guess that's just always cryptocurrency, which is good. We're in the news business anyway. So today we're talking about a topic that we've previously discussed throughout other episodes. I don't think we ever directly had an episode only about this. But today we're talking about Prime Trust again, because there's been some new news kind of allegations dropping, understandings of what's going on behind the scenes. If anyone's unfamiliar, Prime Trust is a Nevada -based trust that was associated with cryptocurrency. They were essentially the bank. Bank is not the right word, but it is the word I'm going to use here. But they were banking a bunch of cryptocurrency exchanges and clients and all of this. And basically, it's been discovered and confirmed that they lost a ton of money, almost $100 million, which is just kind of incredible. Take it away, Bennett. What's happening here? How did they lose this money? What are the ramifications of it? Yeah, so as you mentioned, we've talked about Prime Trust before, I think most recently in episode 121 with Jonathan Reiter and Patrick Tan of Chain Argos. But what we got most recently is the first day declaration in the bankruptcy by the current interim CEO, Jor Law, and it reveals a few things that have been previously hinted at, but puts numbers on them and really kind of points towards serious management and operational issues with Prime Trust, which, as you said, was like the payment processor for many of these cryptocurrency companies. Binance US, True USD, all the true coins, there was tons of companies that were using Prime Trust as their back end. And so what the declaration revealed was, I think first, what was most shocking to me was that they had invested customer funds into Terra and they ended up losing about $6 million in customer deposits and $2 million in corporate funds when Terra went to zero. We've talked about Terra on this podcast before. It was a Ponzi scheme that was inevitably going to zero. And so it's pretty shocking to hear about a generally well -respected trust company putting customer funds directly into a Ponzi scheme. I don't know if we can call it well -respected. In the industry. Even then, I mean, what does that even mean, given our industry? I think that's kind of the point here. That's the point of FTX, that's the point of Alameda Research, that's the point of Prime Trust, is the most respected whatevers are doing the same shit as the least respected whatevers. I do want to and I want to kind of pause you here for a second. So obviously, as you mentioned, we've talked about it. It's a Ponzi scheme. That's what Terra and Luna were just for a little bit more background on that. It was a stable coin ecosystem. Basically you had this coin with no value whatsoever except that assigned to it by the market. And they used that coin to create a stable coin. And you can guess how that went. It didn't go well. If you're somehow unfamiliar with it, I assume everybody listening is familiar with it. But regardless, the point I want to swing back to here is that you said $6 million in customer funds were utilized and lost on this gamble. And let's call it what it is. It's a gamble. I'm curious because I'm just, let me put it this way, I have a brokerage account that actually a broker takes care of. That broker has a fiduciary duty to not do stuff like what you just mentioned, right? And if they broach that fiduciary duty, not only do they ultimately, I would assume, owe me money and like going to be liable in court and I'm going to take them to court and all this stuff, they won't be able to work at a brokerage anymore. Like there's serious ramifications for this stuff. But for a trust fund, like what happens, how is this possible? Like aren't they breaching their fiduciary duties? Isn't there something wrong going on here? Yes. It's almost certain that they were not in compliance with Nevada's regulations about what assets that they were supposed to be holding as this type of trust company.
CoinDesk Podcast Network
A highlight from THE HASH: Pepecoin Team Puts Blame on 'Bad Actors'; PayPal's Stablecoin Adoption Outlook
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hey there and welcome to the hash here on Coindesk TV. I'm Zach Seward. That's Jen Sanasi. Wendy Oh. Will Foxley. We're the hash today. We're getting you up to speed on what's going on in the world of crypto and more. And we're going to start off with some PayPal news from Jen. Jen, take it away. All right. PayPal's new stablecoin is off to a slow start. That's according to data from Nansen. The data firm says that few people are using or holding PYUSD token in self -custody wallets. They also said that smart money holders seem to be avoiding the stablecoin so far, saying that Paxis is custody in more than 90 % of supply and exchanges like Kraken and Crypto .com hold just over 7 % of supply. Will, I'm going to pass this one down to you. Are you surprised? There was a big excitement in the industry when this news was announced, but are you surprised to see that maybe not a lot of people are holding onto these stablecoins just yet? I'm not super surprised. I mean, it just launched. So I think we just need to be patient a little bit here. We're also like in the depths of crypto winter. This isn't like a bear market anymore. This is just a total lack of interest apathy all over. So for people not to be picking things up right now, that's not surprising. I hope PayPal looks at these numbers, whoever the product manager for this product looks at it as like, okay, the time will come for this at some point. And they probably baked out into the strategy as well, right? They have a lot of resources to be able to look at the market and look at the past launches these coins. And sometimes they take forever to get adoption. I would suppose that they actually are working with larger companies and doing a B2B model as opposed to a retail model first. And that'll also help them out on the regulatory side, right? Where they're not just like issuing this token out to anyone who has Venmo, who has PayPal and desktop, they're probably going to go work with institutions and larger companies work first to see if this actually works for them. So that's not super surprising to me. Just how the market is right now, Wendy? I am not surprised at all by this. Guys, we're in a bear market. So this makes sense that there's not going to be a whole lot of usage with crypto, especially when we're talking about like Web2 brands. PayPal is a massive Web2 brand that facilitates money to people all over the world. I used to use it for eBay all the time. So I don't understand why people would just jump on the stable coin bandwagon from PayPal when it's just a lot easier to use cash and to use electronic currency in that fashion. So to me, it's no big deal. And yeah. PiUSD I think is very much retail play, right? And we've seen over crypto history that retail excitement happens and then retail excitement goes away, right? The DeFi degens aren't going to be aping into PiUSD to do cool things on chain, right? So I think what we'll see is a slow, steady uptick, possibly, until sort of that next euphoria kicks in. And then I'd be interested to see what happens then, right, when stable coins become a bigger part of the picture at the retail level, at the PayPal customer level, as opposed to those who are familiar and conversant already with things like Tether or things like USDC. So yeah, holding judgment on this one, because I don't think it's necessarily going to be super duper on chain bonanza with PiUSD for the foreseeable future, just given those broader market conditions. But it could be a really interesting sort of retail indicator, or I guess retail index for stable coin usage going forward into that next wave of excitement. And that I think will be the revealing data is still to come, our adventure about what PiUSD means for the market, as it relates to onboarding folks from, again, these highly custodial options into more crazy on chain stuff. That I think could be a really interesting set of data that we'll certainly look at in the future. But Jen, saw your hand. Yeah, no, I agree with all of you. I think it is just a low time in the crypto markets. There's a report on CoinDesk this morning saying that Ethereum has hit its eight month low when it comes to daily transaction fees. So I think this isn't just a stable coin conversation. I think PayPal is going after a very different audience and some of the other stable coins that are out there are going after and it's slow and steady wins the race here. I don't think that they were expecting to see massive, massive mainstream adoption right away, just given what's happening, not only in the markets, but on the regulation side of things, too. And so I can imagine that they're treating this as like a pilot or testing phase. And I expect, and again, this is backed on no insider information, haven't spoken to anyone from PayPal. But I probably expect them to come out with some kind of educational strategy to get that mainstream audience once there is more interest, once we hit the next bull cycle and there's some collaborations and partnerships in the works. So yes, I am also not surprised by this report and I hope that it doesn't shake PayPal, because there's probably a longer strategy here. You guys ready to move to Prime Trust? Let's do it. This is like worse news, but it's still stable coin land news. So Thursday, we got new core filings from CEO Jor La, who spoke about the poor investment in the Terra Luna stable coin. Prime Trust lost $6 million of client funds and $2 million from its own treasury. This, of course, comes after they lost about $80 million total in both fiat and crypto of client money when they had their wallet set up incorrectly. Right now, Prime Trust is going through a receivership process with the state of Nevada. Prime Trust was one of the largest backends for a lot of crypto marketplaces. People use them to build wallet services for exchanges, for receivership and ownership of crypto assets. Now it's starting to fall apart a little bit. This also comes after BitGo tried to purchase Prime Trust, but that fell through again because of a lack of financial security within the firm. Jen, I'm going to throw this story over to you. More bad news at Prime Trust, like there's the legal filings for this one are put up with the best of the best in terms of like bad judgment decision making from companies. What a mess. Now, I have to say, when I read, you know, poor planning, like companies in the bull market had poor planning, they couldn't see what was going to happen in the bear. I am a little bit sympathetic because, you know, there's a lot of demand in the bull market. There's a lot of like mainstream collaborations and partnerships and you need resources to keep up with that. That said, I don't think that happened here. I think that this is just a total mess when I read through this. There's some stuff I want to point to. They said that they were outspending and gave some numbers. So October, the company spent ten point five million dollars but only made three point one million dollars. So they lost seven million dollars in October. And then it's like no one learned anything. They went on to November and spent eleven point one million dollars and lost eight some odd million dollars. And so that is crazy. I feel like that is poor planning. That is not looking at what's happening at your company and readjusting and being flexible. And those are some of the allegations that are made against the executive team here that they were not able to adjust and be flexible. The other crazy thing here is this wallet situation. They lost access to their wallet because I'm just going to tell our audience what happened here super quickly. And I'm going to pass it to Zach because he is nodding along with a big smirk on his face. So Prime Trust moved its wallets over to a system operated by Fireblocks. Then they did not realize that the migration from the legacy wallets to the new system was incomplete and that customers were still sending funds to that wallet. And then it learned the mistakes later when an unidentified customer requested a large amount of ETH and withdrawal and they could not fulfill that. And then it seems like they were converting fiat into ETH to fulfill these requests, which just sounds crazy. But I'm honestly not shocked or surprised, given all the news we've been covering over the last six months to a year. Ah, the case of 98F, that wallet episode. It just reads like, Prime Trust, no good, very bad, horrible day. That whole saga. We knew a little bit, I think, back in June about this mishap that occurred when they were transitioning their system over to Fireblocks, which is another custody provider. And that one just reads like a saga of pain. So yeah, check out the court filing for a full telling of the 98F episode and then think to yourself that, yes, custody and digital assets can be hard even for those professionally entrusted to do so. So I think the custody conversation is very relevant here. I will point out that the Terra Luna collapse continues to be the gift that keeps on giving. So much of the pain in the market really stems from people getting overextended into that ecosystem on the strength or the apparent strength of the promises by Dilkwan and others. And that ended up being sort of a landmine that many a project, including now Prime Trust, stepped on in terms of losing funds and losing the ability to stay solvent. So yeah, Terra definitely part of this story. But I think probably the bigger picture is that custody story, right? We keep going back to this idea of like custody is a set of trade -offs, self -custody has its own trade -offs, having a custodial arrangement with an outside party has another set of trade -offs entirely. But this one to me just represents, again, the difficulty that many people, especially entering the space, face when thinking about this challenges of self -custody because these guys got burned really bad by not being able to access something that was a big part of their business. And they only realized later on that, oops, we don't have the steel engraved things that we need to access this and it just becomes a big, big problem. So the custody angle maybe is the most illustrative here for people themselves, but certainly, yeah, pretty painful telling of that whole episode. But yeah, businesses, man, they remain fascinating to cover because you get these sort of after the fact tellings of all the things that went wrong. Wendy, what do you think? What happens if we ever have a Bitcoin -backed ETF that's from TradFi and they actually have to hold the Bitcoin and somebody loses the keys and that happens? Oh man, that'll be a day. Oh boy. Let's hope that doesn't happen. That's my take. That is a hot take, Will. What happens if... But no, I'm being serious. What happens if the SEC would have stepped in initially and said, hey, if you're going to be custody in these products, if you're going to be acting as a broker or whatever it is, you actually have to have the reserve set to a certain area. Like we have to be able to check to make sure that those reserves are set more transparent. If the SEC would have actually done their job, I feel like we wouldn't have had as many of these problems. Like Japan is a perfect example with the whole Gox situation that any type of crypto exchange or whatever type of services operating there, they have to actually show those proof of reserves. So again, I feel like our public servants have yet let us down again. And it's very sad that they're kind of like the parents that just kind of let you run off into the wild and then get hurt. And then they come down and they just punish you like a million times harder.
Crypto Banter
A highlight from 98.3% Of Crypto Investors Are Making This Huge Mistake NOW! (Fix It Or Fail)
"But major caveat here being but. Narratives can revive. So I'm talking about one cycle. Crypto gaming could have another cycle where it goes through its phase one, phase two, phase three phases again. The difference being the coins during those phases will be completely different. So just like if L1s have some sort of resurgence, I don't think it will be the old coins. It'll likely be the new coins and it's going to be the same with gaming. I doubt it's going to be sand and gala because there's so many underwater holders. I still think it'll be maybe gala. I don't mind gala, but I still think it'll be the new projects that are super innovative, shiny, don't have the weight of bag holders that bought higher and want their exits. Don't have the weight of VCs that could have sold higher and want their exits. The fresh coins with the new coins with fresher narratives and less downward sell pressure. I think these ones will be the big performers. So gaming as a narrative can revive, but it will be different tokens. And due to that fact, you can almost view it as an entirely new trend. So this is obviously an example of something that's happened during phase three. I want to leave you with a really interesting thought experiment though. And I think this is pretty insightful actually. So we're on the look for the new shiny thing, right? But just remember that in crypto, every cycle has big VCs. So while there are a few VCs in the market that stick around and have stood the test of time like Pantera, VCs go through boom and bust cycles. And VCs are so important for the success price -wise of crypto tokens, especially in the early stages. So last cycle, it's funny, most of the big VCs in the space, they went from nobodies, right? And then all of a sudden, they rose to prominence via one major winner. So most of the VCs were nothing and they became something just through one winner. So I'll give you an example. 3AC had Avax, that was their big winner. Multicoin had Solana, that was their big winner. Arrington Capital had Luna, that was their big winner. Basically, these new shiny coins that pumped gave rise to these top VCs. So this leads me to believe the big winners next cycle are going to be the VCs that get onto these new tokens that pull what Luna, Avax and Solana did. And if you can spot these VCs, you'll actually be able to spot the tokens through looking at what trends they're investing in. So that's probably something I'm going to do in a future video. But it's super interesting to note that it could already be a coin that exists like Aptos, Suio, Arbitrum, that's a newish coin. It could be a coin that's not out yet that's launching soon. But we're going to see these VCs go through these new boom and bust these cycles of big coins propelling them to stardom. And then maybe even them crashing all the way back down like 3AC. This tends to happen every time things get overheated. So I wonder who's going to be next cycle's 3AC? Who's going to be next cycle's Multicoin? Who's going to be next cycle's Arrington? That's something I'm really looking out for. And if you can find that, you can probably find the next Bitcoin. Now, of course, I'm not going to go into all those details in today's video. In future videos, we will, of course, cover all the VC -related stuff, talk about the narratives they're positioning themselves in. But I want you to remember this video and go back to this video as a guide in, let's say, six months if the market starts picking up in a year, whenever it is. When the market starts pumping and you need a reminder of how to trade these boom and bust cycles, go back to this video, bookmark this video, copy the link to this video and put it in your notes. I actually want you to do that right now. Copy the link on YouTube, copy, put it in your Apple Notes and save it as Miles, a narrative show, because you're never going to forget that. And think back to this, next time the market's pumping and you really want to FOMO into something or next, when the market's picking up and you are trying to spot that next narrative, come back to this video and use this as a substantive guide to be able to trade these boom and bust cycles. I before I head off here, I want to mention something super interesting happening at GTrade, which is one of our official DEX partners or my only official perp DEX partner, which is actually their ability to offer this new on -ramping service. So you can on -ramp via, let's say, a visa or a MasterCard. So that's going to be really, really cool, which can allow you to buy crypto straight from your card. Now, this isn't launched yet, it is coming, but it's a very cool feature I wanted to notify you of. The other thing I wanted to notify you of that's really interesting is the gains token may be experiencing a bit of an overhaul in the near future. I don't want to say too much because I don't want to spoil the party. And I'm not saying you should ape into gains, of course, not financial advice, but I know a lot of you are investors and I know a lot of you for that reason would be interested in an update here. Things are going to get quite interesting next month with a pretty big revamping of some things to do with the GNS token, which will affect the platform. So if you're staking in the platform or hold GNS, I hold GNS for full disclosures purposes. I think there's some exciting things to come. So the on -ramping is super cool. The DEX is obviously an amazing DEX, which keeps getting new functions. We've got look backs, which increased execution last week, constantly getting new tech, which is really awesome. So keep shipping gains if you're watching this video, loving all the new stuff you're putting out into the market, continuously getting better and better and better and pushing the envelope and the needle of what can be done using these, what can be done as a perp DEX because you guys started pretty basic and we're already seeing so many cool functions coming out. And I think it's only going to be great for the platform and its adoption in the future, especially to have these on -ramping functions. So there's a link in the description to GNS if you want to use it. But remember, save this video, put it in your notes. And I hope you did enjoy a little bit more of an educational style video, but I think it's needed because we're always, I feel like talking about new coins, what's Bitcoin doing? Why is Bitcoin crashing? But we need to start talking about how to actually win next cycle because this is the important stuff to learn, not just how to trade Bitcoin's next move tomorrow. I mean, sure, you can make $100 doing that, $1 ,000 even, but if you want to make hundreds of thousands, millions, this is how you do it. It's not hitting a lucky leverage trade tomorrow. So I'll see you in the next video. And until then, hope you enjoyed this one. Remember to save it and I'll see you later. Peace out.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #457 WHY IS DEFICHAIN PUMPING?? WHAT'S NEXT??
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin, and more. Here is your host, international blockchain expert, serial entrepreneur, and investor, Dr. Julian Hasp. Why has DeFi Chain been doing so well over the past week, where most coins had dramatic sell -offs, Bitcoin's been selling off, and most coins really had a hard time to catch up there. And DeFi Chain has really done extremely well. And in this video, I want to analyze this. I'm going to give you six reasons that I see right now. Obviously, I'm going to give you my thoughts on what I think going forward. And I am going to try to analyze this as rational as possible. Now, I want to be very clear. I invest myself heavily in DeFi Chain, so I'm definitely biased. I'm going to try to take that bias out, stay as neutral as possible. Obviously, nothing of that is financial advice, just like all the other videos. So, please do your own due diligence and understand this a bit. So, let's dive in. Reason number one. Obviously, DeFi Chain, especially in the first half of the year, nothing to write home about. We could even go back all the way since the Terra Luna collapse. I think DeFi Chain since then has had a very rough time against Bitcoin. Obviously, also against the US dollar, but Bitcoin also had a very rough time against the US dollar since the Terra Luna collapse about one and a half years ago. And DeFi Chain massively, especially also because of the hybrid stablecoin, the USD. And then there was just a lot of FUD, a lot of fear in general. I want to be very clear. Altcoins in general had a very hard time in the first half of this year against Bitcoin. And what I just think a little bit is a bit of a reversal to the mean. In a sense where, sure, at some point, it sells off so much that people are like, okay, at that point, I'm not selling anymore. It's way too cheap. At some point, people actually jump in and say, okay, you know what? This is getting way too cheap. Let me buy something. Let me reallocate. I knew a lot of people on the DeFi Chain side who were big, big, big fans in 2020, 2021. And then took profits and just stayed a bit on the sidelines and are now coming back into the markets. And so I think that is kind of the first reason. And obviously, this can happen at any time. But I think when there are certain things that kind of align, suddenly this changes to this very positive price momentum. So, I mean, obviously, this could have happened a month ago. This could have happened in a month. I think that's just right now. There's a couple of forces that are coming together. So that's the first one. Nothing to write home about. It's been a brutal last 12 months. So kind of saying that right now, DeFi Chain has been doing well. Sure, we're smiling who are investing in DeFi Chain. But at the same time, we also have to be honest and say, okay, it's not been all too easy. So very straightforward. Reason number two, and that's something I've been discussing a lot, is the metachain layer. That's going to be built on top of DeFi Chain. DeFi Chain itself is a Bitcoin fork, very similar kind of principles, extremely robust, extremely safe, but not much to build on it. So everything always requires an upgrade. And so now with the metachain layer, there's an EVM layer, which is basically an Ethereum fork that's coming on top. And that's completely unique. There's no other chain who has the Bitcoin base with an EVM layer on top. And that's going to allow it to actually stream or connect Bitcoin and Ethereum. It's going to be very uniquely positioned. And there's a lot of projects already who have shown interest to build on there. And I think there's going to be a lot more, especially with this idea of connecting Bitcoin and Ethereum. And that's going to be very powerful. So I think that is going to be something that obviously is building. It looks like we're getting to the final stage of when metachain can actually come out. This has been very difficult. And I mean, the core developers for I think the last six weeks always thought, okay, we're right there. And then there was something that they found that had to get it improved and get ahead to get it trusted. So I think that hype right now is just coming, becoming more real. A lot of projects are starting to notice, okay, you know what, that's the time. That's the moment.
Crypto Banter
A highlight from This Hasn't Happened Since The 2008 Financial Crisis (Investors BEWARE)
"Welcome back to my new series called The Week Ahead where every single Monday, we go through the charts and I give you my top trades for the week as well as look at the biggest events for the week. This week is going to be absolutely massive. We have big Bitcoin news with the gray scale verdict from the SEC. We also have major levels on the charts right now which we are currently reaching which I want to talk about. And we also have some crazy news out of the US market with the 10 -year treasury yields starting to make new highs. What does this mean for the market? Could it signal a greater market collapse amongst equities and crypto? We're going to discuss all that and more and then get into some of my favorite crypto specific plays for the week and have a look at some trades, both longs and shorts. And I'm going to do this series every single Monday to make sure every single week you are updated with everything you need to know in the market. So if you are enjoying this new series, if you watched last week or even if this is just your first time, make sure to smash the like button and show some love. Without further ado, let's get straight into it. Where is Bitcoin currently sitting? Well, it's currently sitting just above support of the 25K region on some exchanges that actually slightly are with below the 25K zone. After it broke down on this trend line here, we can see a 28 .5 and it also broke through the 200MA on the daily. So Bitcoin just hanging out right now but is a very pivotal week for Bitcoin. We're going to get into some of the reasons why it's such a pivotal week for Bitcoin in just a couple minutes here. Something else I want you to pay attention to is the weekly chart for Bitcoin. We can see we've had this week of the 200MA on the weekly, technically a higher low for Bitcoin. However, this is an extremely important level, right? Because if you break below this 25K zone, then you are starting to target some lower numbers like 22 to 23K. That's your next major support. So Bitcoin really does want to hold this region. I think this week is going to be a massive week because you do want this weekly candle close above the previous low. If you get a close below the previous low and start closing below the 200MA on the weekly, that is a very, very bad sign to Bitcoin. And that might be an indicator that you should start de -risking out of markets depending on how you trade. Of course, if you're a spot long -term trader, you may just be viewing this as a buying opportunity. All the traders out there, though, are going to be keeping your eyes very closely on that weekly close. So what is happening in the US economy? This is pretty crazy. We have the 10 -year US Treasuries actually hitting their highs for, I think, the last decade. So US Treasuries haven't been this high since 2009. Actually, if they go up another 0 .5%, they wouldn't have been this high since the global financial crisis in 2008. It's absolutely nuts. We are seeing investors go a little bit risk -off when it comes to investing in the US economy, obviously rising debt levels. As you can see in front of you and just the amount that they are borrowing in relation to income does have investors just a little bit spooked in terms of parking their money in US Treasuries. During this quarter alone, the US is expected to issue a near record 1 trillion in Treasury debt. This is the second highest on record after the 2 .8 trillion issued in Q2 2020 during the global lockdowns. Over the next two quarters, the US is expected to issue nearly 1 .9 trillion in Treasury debt as spending rises and tax receipts fall. The US is issuing record levels of debt to cover the deficit. Both spending and borrowing are out of control. What do the 10 -year Treasury yields rising to new highs actually mean for the market? Well, yields have risen to levels not seen in more than a decade as investors demand higher risk -free rates of return amid a resilient US economy. The sell -off comes amid worries around larger US fiscal deficits, as we just discussed, that will increase the supply of Treasury debt. The move higher across the curve over the last few weeks has really been all on the real yield side. Zachary Griffiths, Senior Fixed Income Strategist at Credit Site said, With the higher Fed policy rate or better growth expectations, with little shift in breakeven inflation expectations, together these factors have found expectations that US market yields are entering a period of being higher for an extended period and closing the door on the post -financial crisis era of ultra -low rates. So I think it is very scary for the market overall here, just to summarize that we are seeing Treasuries go even higher. It doesn't necessarily signal like, you know, an equities crash because they don't always move in tandem. But what I would keep my eye on is if this continues to gain trajectory to the upside, because it could indicate that something is seriously wrong with the US economy. I mean, the warning signs are starting to kind of pop their head out now and starting to flag across a few different sectors of the US economy. Treasury yields obviously being one of them. So let's keep our eye on what happens here. But probably not the best sign that, you know, because it shows that investors are becoming a little bit risk averse in terms of parking capital in Treasury bonds in the US. Obviously, with these debt levels continuing to rise, it's something I would keep my eye on. And as you can see in the chart here, these levels have not been seen since basically the GFC in 2008. So that is a little scary sign if you want one, but I'm sure you don't want one. Another bit of scary news in the market is surrounding BNB. And this is one of the coins today that I really want you to keep your eye on this week because BNB right now is basically a proxy for risk in this market. It is obviously the governance token of the biggest exchange in crypto by volume still, which is Binance. And because the BNB token is so intermingled with the Binance ecosystem, we know Binance employees were getting paid in BNB. We know a lot of the launch pools are stuck with BNB. We know that, you know, BNB is often a great source of FUD. If we do see a liquidation cascade here on BNB, I think it could have greater ramifications for the market's risk appetite towards all of the old coins, not just BNB itself. So because of this systemic risk, BNB does become, in my opinion, the top token to actually watch this week alongside Bitcoin. You have this very key level at 210, which actually just broke down. We have seen some liquidation starting to occur. And there is a big on -chain BNB position, which is now close to being liquidated around the $200 level as we also see open interest on BNB, presumably to the short side starting to rise. If BNB does start breaking down below $200, I think that could be a major warning sign. To be honest, 220 was already the big support for BNB, which it is now broken below, which was the lows of the SEC FUD, the lows of the insolvency FUD. So things are looking a little bit risky for BNB. And because right now this is a proxy for risk, definitely one token to keep your eye on this week. So let's go through my list of coins that I'm watching now that you have a feel for where the market is. And let's start with Bitcoin because two major dates for Bitcoin this week and a pretty pivotal week in terms of market structures we discussed before with Bitcoin sitting on that weekly 200 MA at a very crucial support at 25K. We have had a little bit of a rally since those lows, which is a great thing, but we would need to sustain momentum into the week. As soon as you start closing the week below 25, that is a really bearish sign for Bitcoin. Now, this week is a very important week because of the grayscale ETF decision. Grayscale wants to convert their ETF from a futures ETF into a spot ETF. And for this reason, we are going to potentially this week get a precedent for how the SEC views Bitcoin's spot ETFs. They can also choose to delay again, which they may, and some are speculating we won't get an SEC verdict, maybe even into 2024. However, this is still an important week in case we do get a verdict, either a hard rejection or a hard approval, definitely could cause some market moves. That's expected to happen around Tuesday or Wednesday. So that would be tomorrow, depending on which time zone you're in. The other thing that is quite important at the moment is the general spot ETF approvals because grayscale is positioned in a unique way with their current existing futures ETF. A rejection there could be due to a grayscale specific conversion issue, which is why I also think you should be monitoring the overall ETF applications for ARK, iShares, which is BlackRock, etc. We are going to start to see them, as you can see here, get approved, rejected or delayed as of the 1st and 2nd of September. So definitely keep your eye out next week for some of these approvals, rejections or delays. I do assume, though, this will be delayed and the can will just be kicked down the road probably to the end of the year or early 2024. Bitcoin really does need a catalyst, though, to really trigger that next move back up to the upside, you know, to that 30K region. I think the only way Bitcoin is going to get that is if we get some sort of spot ETF development. I know it's the obvious answer, but right now, that is what the market is hanging out for ahead of what is historically a pretty negative month for Bitcoin. September, actually, the only month that has an average negative return for Bitcoin of minus 4 .67%. So September, usually a very red month, which is why I'm just a little bit cautious heading into September, not longing like crazy. I am looking for some good altcoin opportunities as we're getting some dips at the moment. I'm going to talk about some of the alts that I am buying in today's video, of course, but overall cautious about being too long. I'm certainly not leverage long in this market at the moment. I'm mostly spot long if I'm longing anything, trying to avoid crazy amounts of leverage for the time being because it's a very difficult market to trade. It's not really a range traders market at the moment. It's more of a scalp traders market, at least this last month, unless you targeted that extremity at 30K. Even then, it was easy to get blown up in that push expansion high to 31 .5. So for me, mostly a spot market. Now, speaking of spot, what am I doing in terms of altcoin positioning? Let's run through the 10 altcoins that I'm looking at most heavily this week. Rollbit leads this list. I'm still interested in Rollbit. I think we have had a pretty decent correction of Rollbit since it originally dropped from $0 .21 all the way back down through $0 .13 to $0 .14. If you have a look here, you can see that their casino revenue is actually driving a lot of their fees and subsequently the RLB burn. The RLB burn has dropped over the last week compared to the prior week. So volumes on the exchange are lower. Our futures revenue is also slightly down. Sports revenue, however, is starting to pick up a little bit into the $200 ,000 range, likely as football and NFL and NBA start to come back. So I do think with increased market volatility and sports book side of things picking up, we can see Rollbit continue to increase in its fees, still burning a crazy amount of tokens ahead of their Rollbit's degen exchange launch, which is going to be their platform for trading perps with high speed, high execution, high risk for risky coins. I think a lot of gamblers are going to enjoy that. While we're on the narrative of altcoins that have strong trends behind them, I think it would be remiss of me not to mention Unibot as another one that has started to cool down off its highs. This is actually one that I'm actively DCing into, made a couple of buys a couple of days ago. Since then, it has upped slightly, which is a nice thing. I think if you can get another look around that support at 135, that's good. Actually now sitting back on its high timeframe support $150. So monitor this one this week, but I'm bullish on this. If you're bullish on Rollbit or Unibot and you have to work out whether you are, of course, this video isn't financial advice. You may start to get better looks at DCing into this spot entries, of course. So Unibot's one I'm looking at, actually, if we look at their fee growth and just the overall activity on the platform, their growth has been very, very impressive. And I think some days that they were even hitting 10 ,000 traders, which is absolutely crazy. I think they're cumulatively at like 12 ,000 traders now. So pretty cool, 878 trades over the last day. Executed little downtick, but we did have a massive day last week for Unibot. So the metrics there are super strong. All right, the next one I want to talk about is Sui, because some interesting stuff is happening on the up its side that I want to discuss. Before we get into that, I want to give a shout out to another narrative that I think is actually pretty strong. And this is actually OpenX. So OpenX is one of our official exchange partners on the show, one that I'm quite bullish on. And I don't want you guys to get the wrong idea, like just because they're sponsoring the show is the reason I'm bullish. That actually couldn't be further from the truth. Even before they came on as an official show partner, I was very bullish on their mission. And essentially, that's because it's kind of like your Zhu Shu and Carl Davies redemption arc, right? I mean, obviously, they had a terrible time with 3AC, FTX, Luna, Celsius. But the fact that they've been able to pick themselves up out of that, rebuild this exchange and not only rebuild the exchange, but gain significant traction with billions of dollars of trading volume with quite a unique mechanism. I think that's a testament to what they're building. And I'm pretty excited to see what they can do over the next six months to one year. I think some of the unique features on the exchange are really awesome. For example, this credit model, which allows you to deposit assets as collateral, like pretty illiquid assets, like let's say Pepe or Robit, and actually use that to trade perpetuals using OUSD. I think that's super cool. So OUSD is their credit currency. It's used to settle trades on the platform. It's essentially, it's not technically hard pegged to a dollar, but since a positive and negative trades are settled in OUSD, it should sit around $1 and that's the settlement currency that allows you to deposit other assets, illiquid assets as collateral. And I think it's going to appeal to a fairly degen market because all the degens that want to trade using their degen coins are now going to be able to unlock them rather than having to put up like USDT or Bitcoin as collateral on a traditional exchange. So that's super interesting. I think that appeals to people. And also what I think appeals to people is the fact that they are super on the pulse when it comes to listing your altcoins. Like they listed Unibot, which we just discussed before, like basically as soon as that started gaining traction, they listed Harry Potter coin and these coins that have done huge returns, OX was open exchange was there pretty early. So the OX token is something that I'm looking at, obviously not financial advice. But since I am bullish on the platform, this is something that I'm actively looking at accumulating. I actually did manage to pick some up recently. And the reason why is because you can stake it and earn airdrop rewards from their real world asset, Justin token campaign. So what they're doing essentially similar to like, let's say like your Binance launch pool. You stake their token, you earn a yield on their token, which is generated from trading fees from the platform. And then you also get airdrops over time for their launch pad tokens. For example, at the moment, you've got the justice token rewards. As you can see here as part of the real world asset program. So hopefully that gives a nice source of passive income for me. But yeah, obviously not financial advice and they are a show partner, of course. Link in the description if you want to trade on OpenX. I've had a lot of fun watching their growth over the last few weeks. And yeah, I'll continue to support them because despite what the haters may say, and maybe you're a hater, it's a really good exchange. And I think the only way you're going to realize that is to actually use it and test it out for yourself. Let's get on with the rest of the video and talk about some of the old coins I'm looking at. We will go rapid fire through this, so we'll go quick. SUI. What am I thinking about SUI? It actually swept the lows. This looks like an interesting long potentially. It had some pretty strong up bid volume over the weekend, which could set it up nicely for a rally. If it reclaims, obviously it's going to be affected by broader market conditions. You would need Bitcoin to hold up as well for this to perform well. But this is one I am actively watching. You're getting it at pretty low levels and the up bid volume spike was super interesting, as you can see in front of you. The next one is Say. This is one that I'm not fading. I actually do want to buy some Say. I'm very bullish long term on this whole Say is the trading chain narrative. I feel like a lot of L1s and L2s at the moment are lost for identity. A lot of blockchains have an identity crisis. Whereas has Say this very clear identity of being the optimized Cosmos hub for trading. I think a lot of people, when they do want exposure to the upside of the trading narrative, they're instantly going to think of Say. I think that investor mindshare is a powerful thing long term. I'm bullish long term, but short term, interestingly, the price has been bleeding and it hasn't really had a pump yet. I've just got this feeling at some point it pops. Often with new tokens, we see this as airdrop recipients start to sell off some of their initial holdings. We see a slow bleed. I just feel like at some point it's going to spike to the upside. And for that reason, I may look at buying a little bit of Say this week. Once again, general market conditions are going to factor in to these altcoin trades, but Say is definitely one that I'm watching. I think it's reasonable at the market cap that it is at rank 120, although its FDV is a little bit higher at 1 .4. Bill, Injective, another Cosmos project that's in that same kind of niche, is sitting at 747. Say is roughly double, but Injective is a trading infrastructure play, whereas Say is like your proprietary blockchain. A little bit different, but both interesting plays in the Cosmos ecosystem.
The Charlie Kirk Show
Donald Trump's Mug Shot Boost With Rich Baris
"Barris is with us, Big Data Poll and People's Pundit. Rich Barris, is it fair to say, is it true that Donald Trump is stronger today than he was in 2020? Yes. And it's also fair to say that he was stronger now than he was in 2016 when he won. You know, we get this new poll coming out, Charlie, and I've been trying to beat this like a dead horse. And as always, thanks for having me on. It's just not 2020. It's not 2016. They're just totally different races. And he's doing so much better with E -Groups, which we can get into, than he was in either 16 or 20. And, I mean, you know, I'm not a lawyer, but as a pollster, I look at this and it's just very clear why they're trying to do what they're doing to him. What is it? Make it clear for our audience. Yeah, they can't beat him. You know, I mean, Charlie, when we look back at 2020, and I know a lot of people, especially Trump supporters, you know, think that he won 2020. And that's fine. And you know how I feel about that personally as well. But the truth is, he still could have done better with certain groups that would have made it even more difficult for them to pull something like that off. There are, you know, look at new voters, for instance. Biden won that by 30 points in 2020. And in September of 2021, that turned to a Trump plus two. Now in this poll, it's going to be roughly Trump plus eight. Massive shifts. New generation Xers and millennials that are men working, that are coming into the fold. Non -whites that are coming into the fold. It's a total and underclass voters. It's a total disaster for the Democrats. A total disaster. And we do poll other candidates. And I gotta make this clear. This is only Donald Trump. So if you are a crook DA or a crook prosecutor for the Justice Department, you're looking at this and you're trying to survive, Charlie. You don't want him to come back in, now a target of their prosecutorial misconduct and whatever else it is and have him clean hat. So if you're the Biden administration and you're hiding bribes, you're going to try to clean. You're going to try to make sure he cannot get on that ballot. You're going to try to make sure he doesn't have the money to campaign. He's going to be prosecuted. He's hurt by political prosecutions. And right now, that's just not happening.
The Charlie Kirk Show
Rep. Anna Paulina Luna Unpacks the Weiss Fiasco
"We have Ana Paulina, who does a wonderful job in the House of Representatives. I've been told by several sources in Washington, DC, this Weiss issue has really changed the dynamic even amongst normie Republican circles. This Weiss fiasco is viewed on the left as a major liability and problem. Play cut 18. That I am told, this is hearsay, but I am told by a reliable source that Friday evening somebody from Washington called the District Attorney in Atlanta and said, you have to indict on Monday. We have to cover up all of the mistakes we just made with Weiss. And she said, apparently, my jurors aren't coming back till Tuesday. And they said, you didn't hear me. You have to indict on Monday. And she said, we're not going to get here before noon. They said, it doesn't matter. She said, this means it's going to be eight or nine or ten o 'clock at night. Said, it doesn't matter. We need the news media shifting. Who made that phone call? We don't know. And I'm telling you up front, this is hearsay, but it's from a person who has remarkably good sources. I totally believe it, though, because that would explain why they leaked and they messed up on the clerk document, why she was exhausted and why they had the 11 p .m. press conference, Mr. Speaker. All right. So give us the latest on Weiss. It's a little bit hard to track all of this. And by the way, you're about to have a baby. So thank you for congratulations. Best thing in the world for making time for us here. And you're really you're making waves on oversight. So give us the latest. What's going on with Weiss? Give us the update. We know Weiss is corrupt. He basically has been working to give Hunter Biden sweet sweetheart plea deals. And in addition to that, many of my colleagues, to include other members, OK, these are private conversations that might not necessarily fully back Trump for 2024, have agreed that what is happening out of the DOJ and the DOJ is completely just not OK. So there's going to be a massive appropriations fight. And frankly, if people think that we are going to go, you know, to push a CR and move forward with accepting this budget that's going to be funding this stuff, they have something else coming. So that's why you saw that statement come out from the Freedom Caucus earlier today. And you are going to see, I think, on the back end of fight, especially to defund everything that he's doing. So is there going to be a willingness on your, say, more moderate Republican colleagues to go along with that, you think? I think at this point, you know, a lot of what I hear on the back end is they're worried about taking those hard votes. But with what we're seeing with the American people, right, you're just your average Republican voter and even independents and Democrats, they don't have faith in the justice system. So I don't think that it's going to be hard for them to decide, especially being that, look, we have at least 20 members in the Freedom Caucus that will not be going along with this. And ultimately, at the end of the day, you know, people say, oh, well, you know, government shut down this, that and the other. Look, we have a lot a lot of problems right now in Washington and we can't just continue down this path of doing the same thing over and over again.
The Charlie Kirk Show
A highlight from Donald Trump's Mug Shot Boost? with Rich Baris and Rep. Anna Paulina Luna
"Hey, everybody. Congresswoman Ana Paulina Luna joins us for the latest on the Weiss investigation. What are they planning in 2024 as COVID makes a comeback? And Rich Barris goes to the primary polling. Glenn Youngkin, Ron DeSantis, Gavin Newsom, Donald Trump. We have all the information here. Email us as always, freedom at charliekirk .com, and get involved with Turning Point USA at tpusa .com. Turning Point USA gives hope to the hopeless because we are doing the work to save America. tpusa .com. That is tpusa .com. Email me as always, freedom at charliekirk .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here.
The Breakdown
A highlight from "The SEC Is Floundering"
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys, it is Monday, August 21st, and today we are talking Coinbase International, Sam's request to not be in jail, SEC, Ripple, and much, much more. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends. Well, we are officially in the dog days of summer. This is a period of the year that is always quiet. People are soaking in the last of their summer vacations. Traditional markets aren't very active. People are getting ready to go back to school or go back to jobs. And particularly this year, given that we are in the true depths of a bear market, or if you've listened to my episodes with James Check from Glassnode, that long in between a bear and a bull market where things just kind of stay flat and boring, the August doldrums are even more amplified. Now, I will say interestingly that the excitement around things being built on base and in particular friend .tech, I do think is at least a little worthy of notice in the context of some patterns that I've noticed at the beginning of bull markets. Patterns that involve, on the one hand, Bitcoin driving a new narrative return to the space. And on the other hand, in franchise builders within the space, finding some new playground or sandbox to mess around in. But maybe we'll look a little bit more at that later this week. For today, we're going to do a grab bag of some of the more important things from the past few days, and we're going to start with the SEC and Ripple. Ever since Judge Torres handed down her decision in the Ripple versus SEC case, the big open question has been whether the SEC was going to file their appeal, and what would it say if they did? Well, now the SEC have filed their motion for permission to appeal the Ripple decision. This is still a preliminary motion asking the court to certify the case for appeal. If successful, the SEC will also need the appellate court to accept their case before they can proceed. Although it's still early days in the Ripple appeal, this motion gives a look at how important the Ripple decision is to the SEC's overall enforcement strategy. The SEC noted that the Ripple decision, quote, could have a substantial impact on a large number of pending litigations. They specifically noted its relevance in ongoing cases against Coinbase, Binance, and Justin Sun, among others. One of the key questions in the Ripple case is whether blind purchases of digital assets from an exchange could create a, quote, reasonable expectations of profits based on the efforts of others. This is, of course, one of the key elements of the Howey test. The SEC highlights the importance of getting a firm answer to this question for the purpose of setting precedent for other cases. They write in their filing that, quote, the pending cases may involve different crypto asset securities, but the same legal disputes at issue in the order's rulings will likely be critical in those actions as well. Now, the Ripple decision has already been outright rejected as a precedent in the Terraform Labs case. In that lawsuit, the judge not only found that Terraform's LUNA and UST tokens were factually distinguishable to Ripple's XRP token, they also determined that the Howey analysis in the Ripple case was an incorrect application of the case law. The Terraform decision was in an early -stage motion to dismiss, but the judge still found that UST could be a securities offering even when sold by a third party through an exchange. Notably, in their filing, the SEC has backed away from their position that crypto tokens are inherently securities and will not argue that point on appeal. The regulator, in fact, claims they never even took that position in the first place stating that the SEC did not argue here or in Terraform that the asset underlying those investment contracts were necessarily a security. The SEC's appeal, if it's allowed to go ahead, would be what's known as an interlocutory appeal. This means it would take place before the final trial has concluded and is a somewhat unusual but not unheard of process. Most of the issues have been decided already, with the only outstanding issue being whether Ripple executives aided and abetted the firm in breaking securities law. Now, interestingly, one attorney, Greg Buke, has said that the SEC's strategy is not particularly smart. Greg writes, Judge Torres did not rule that sales over exchanges can't be investment contracts. She only ruled the SEC failed to meet its burden of proof that a reasonable retail investor would believe they were relying on Ripple's efforts for profits. The SEC relied on cherry -picked statements from Ripple and selected employees, but failed to produce evidence of the reach. The SEC didn't produce evidence of a single XRP holder, who said he was relying on Ripple to increase the price of XRP. It tried to use expert testimony, but that testimony was excluded. The SEC didn't try to rebut Johnny Deaton's affidavits from the XRP community. So why is the interlocutory appeal a huge strategic mistake for the SEC? Normally, a party appealing a final ruling has a chance to interpret the ruling in a way that is helpful to it, and the court that issued the ruling doesn't get a chance to explain or clarify. But now, whether Judge Torres certifies the interlocutory appeal or refuses to, she will have the chance to clarify her ruling. She will make it very clear that her decision was only that the SEC utterly failed to meet its burden of proof. One important thing non -lawyers might know but not always remember or appreciate is the general rule that no new evidence can be made on appeal, and no new legal arguments can be made on appeal either. The SEC is stuck with the record and will have scant evidence to point to on appeal about reasonable retail purchasers. What this means is that when the case does get to the Second Circuit on appeal, Second Circuit might even be inclined to agree with the SEC's underlying theory of the case, but it will be very clear that Judge Torres' ruling was based on the undisputed factual record, which shows a glaring lack of evidence from the SEC about the understanding of the retail investors it was supposed to care about, but always sought to minimize and found itself adverse to throughout the litigation. As the plaintiff the SEC loses on a tie, it has to show it was more likely than not that a reasonable retail XRP purchaser was aware of Ripple and relied on Ripple's efforts for profits or it loses. Deaton's affidavits by XRP holders to the contrary were answered by the SEC with nothing, and nothing is what the SEC is stuck with on appeal. Now I think the big interesting thing about this motion so far is the SEC effectively acknowledging that their enforcement strategy really hinges on being successful in this case, and that they need it to be decided in appellate court so that it can be binding precedent in other cases. It certainly validates those who have found this whole legal strategy of doing zero rulemaking to be super super high risk. Now speaking of the SEC, Gemini have filed their reply brief supporting effort to dismiss the lawsuit brought by the SEC. You'll remember that in January the SEC sued both Gemini and bankrupt crypto lender Genesis, arguing that their Gemini earned product was an unregistered securities offering. Gemini's filing took on a rather derisive tone, arguing that the SEC had failed to properly identify any violation of the law. Gemini stated that, quote, section five of the Securities Act is not hard to understand. The fact that the SEC cannot decide what is the security at issue only underscores the weakness of its position. Gemini argued that the court should not entertain the quote convoluted analysis presented by the SEC. Instead, they proposed a series of straightforward questions to determine whether the Gemini earned product qualifies as a security. These included, when was the alleged security sold? Who was the buyer? Who was the seller? What price was offered or charged? Gemini have consistently argued that their earned product was essentially structured as a loan and stated that therefore cannot possibly be deemed to be an investment contract and therefore a security. Now Jack Bauman, who's a founding partner at JFB legal, who is representing Gemini in the case, writes, the SEC is floundering. They can't even decide what the security is. On the one hand, they claim that the loan agreement was a security. On the other hand, they claim that the entire Gemini earned program was itself a security, an argument absurd on its face. Another absurdity is the SEC's efforts to identify a quote unquote sale. They never do and instead fall back on arguments like this. Gemini and Genesis did not in fact sell their promise to pay the interest in exchange for crypto assets. Not only is this factually wrong, it is ridiculous. A sale and a loan are different things. At some point, words must mean something. I've been litigating for 30 years. It doesn't bother me when private parties make ridiculous arguments. Judges swat them down. But it is something else entirely for the government to take outlandish positions. The truth is that the government gets the benefit of the doubt from most judges and its arguments will get more attention than they otherwise deserve. There is deference to how agencies interpret the statutes they administer. That is why it is so wrong for the SEC and other regulators to be quote pushing the envelope and trying to win cases no matter what. That is not their role and it harms the public and the market. They have a duty to everyone, including those they litigate against. The current crop of regulators in Washington has lost the plot. A great thread and I think many in this space will agree with Jack's assessment there. Now moving over to markets for a moment, Coinbase International recorded its largest day of volume ever on Friday. The newly established offshore derivatives venue saw $287 million in trading volume as crypto markets moved on from Thursday's flash crash. Trading commenced in mid -June with the exchange exclusively offering perpetual futures trading to clients. institutional For the first 50 days, volume was soft, struggling to register more than $100 million in daily trading volume. The past two weeks, however, have seen significantly more volume, with each workday seeing over $100 million in aggregate daily volume across all trading pairs. Now by way of comparison, Binance regularly sees over $15 billion in daily futures volume, so there's still a long way to go for the fledgling Coinbase platform. The offshore exchange was of course launched as part of Coinbase's recent push to accelerate global adoption of the asset class and expand the firm's business internationally. The decision to restrict the trading venue to institutional clients only was punctuated by the exchange only being accessible via API with no user interface offered. According to a recent letter to shareholders, Coinbase has onboarded 50 institutions to the new exchange. These clients have traded $5 .5 billion over the first seven weeks of trading. Coinbase said in the shareholder letter, quote, while we are in the early days of investing to build liquidity and grow institutional participation, we are also working to bring new features and additional products to market over the second half of the year, such as additional asset trading books and spot trading. We remain committed to partnering with high bar global regulators and are encouraging the U .S. to follow the progressive regulatory framework seen in emerging crypto hubs. With Coinbase successfully obtaining a license to offer futures products to U .S. customers last week, they no doubt have plans to further develop and integrate their futures offerings over the coming year. Now speaking of offshore, the days of privacy protected crypto trading appear to be numbered with another offshore exchange implementing KYC policy to conform with global regulatory guidelines. Seychelles -based crypto derivatives exchange BitGet will now require customers to provide government identification documents and complete facial recognition in order to trade. The firm says that the new KYC requirements were being put in place, quote, to better protect users' rights and interests, comply with regulatory requirements in the global cryptocurrency sector, and to create a secure cryptocurrency trading environment. The new KYC requirements will be enforced starting in September, and the move follows in the footsteps of OKX and KuCoin, who also both strengthened KYC policy over the past year to come in line with global regulatory expectations. Now speaking of expectations, SPF is apparently finding being locked up not to meet his expectations. Days after the judge revoked his bail, Sam's legal team has requested that he be released five days per week to work on his defense. In a letter sent to the judge on Friday, lawyers complained that Sam is unable to properly review the volumes of evidence recently disclosed by prosecutors. They wrote, Now, while locked up in the metropolitan detention center in Brooklyn, Sam is supposed to be given access to a laptop to review evidence in his case, but internet access is not allowed. This means that additional files need to be physically transported on hard disks by prosecutors, who claim it is not feasible to load all of Sam's documents onto a laptop. Prison authorities have already rejected a plan to move Sam to an upstate facility where he could have easier access to a laptop and the internet, and his lawyers are also arguing that without the ability to meet with his lawyers and use an internet -enabled laptop at the courthouse, the October 2nd trial date might need to be pushed back. Meanwhile, later on Friday, prosecutors claim that Sam has not yet turned over all of the required information to ground a defense, that he relied on legal advice in his conduct at FTX. Prosecutors argue that Sam should not be allowed to introduce this defense at trial unless he promptly turns over information about the contents of this advice and identifies who he received it from. Now, this news went over about as well as you would expect in the crypto sector, with Aiden tweeting, Dude, this isn't a camp. You don't get to choose what days you do and do not go to jail. And another account, Wills, saying, This makes a lot of sense. If I were in prison, I would also want to be released from prison. Anyways, guys, that is going to do it for today's episode. Like I said, a bit of a short one, but we are firmly in the dog days of summer. Now, it is crypto, so who knows what will be coming around the corner tomorrow. But in the meantime, I hope you're catching up on the news, catching up on some time with fam, and looking forward to another phase, which will inevitably be a lot more volatile than what we have right now. Thanks as always for listening, and until tomorrow, be safe and take care of each other.
The Crypto Overnighter
A highlight from 646:SEC, Terraform Labs, and Huobis TradingView Tie-Up
"Rockstar Energy punched, bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, guarana extract, and 240 milligrams of caffeine to fuel what's next. Rockstar Energy drink. Good evening and welcome to the Crypto Overnight. I'm Nickademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Sunday, August 20th, 2023. Welcome back to the Crypto Overnight, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, and we're going to talk about that. First, however, I need to remind you that this is the last show for a couple of days. My wife and I are going out of town for our anniversary, so I'll be off the air until Thursday. But that's for later. For tonight, the SEC turns up the heat on Terraform Labs, unveiling undisclosed wallets and a deeper probe. Sam Beckman Fried faces a challenging legal environment and is asking for weekend jail. Uzbekistan bridges the gap between traditional and decentralized finance with a new crypto card. Finance's internal bridge hacked from last year resurfaces as the exploited funds face liquidation. New Zealand offers a cautious approach to crypto, emphasizing observation and patience. And finally, Huobi pairs up with TradingView, aiming to provide a seamless trading experience. The U .S. Securities Exchange Commission is intensifying its probe into Terraform Labs, the company behind the Terra blockchain and TerraUSD stablecoin. The SEC's investigation has revealed allegations of crypto market manipulation and fraudulent transactions linked to Terraform Labs. The regulatory body has now gained approval from U .S. District Judge Jed Rakoff to collaborate with the South Korean government. This collaboration aims to delve deeper into Terraform Labs' operations and interrogate Daniel Shin, co -founder of Terraform Labs. The SEC's interest in this case has grown due to the discovery of undisclosed wallets tied to Terraform Labs and its founder, Dou Kwan. These wallets, holding over $160 million in digital assets, contradict the Loma Foundation Guard's previous claims. The LFG had stated they held only 313 Bitcoin in reserve, a crucial asset used to maintain the dollar peg of TerraUSD. The collapse of USD and Luna in May 2022 resulted in a staggering loss of approximately $40 billion in value. In addition to all this, Kwan faced detention in Montenegro for four months. This arrest was due to charges related to the use of forged documents. Prior to this, the SEC had accused Kwan and Terraform Labs of orchestrating a multi -billion dollar fraud in February. The SEC's allegations against Terraform Labs and its founders have raised eyebrows in the crypto community. The discovery of undisclosed wallets and the subsequent revelations have cast a shadow over Terraform Labs' operations. The regulatory body's collaboration with the South Korean government further emphasizes the gravity of the situation. Another story that has left the crypto world abuzz, the founder of FTX is facing a trying time with the law. Let's dive into Sam Bankman Fried's current predicament.
The Bitboy Crypto Podcast
A highlight from MASSIVE Crypto News To CRASH Prices?
"We are, uh, here in the Bahamas. We are going to make it right. If you became a millionaire, would you keep working? The commander is here. What's going on right now is California's trying to figure out if this is going to be something that will pop your butt. Yeah. Oh, I can. Welcome to BitBoy Crypto! We're just talking about the Joker movie, everybody. Today is August 16. It's 1130 a .m. because we always start on time. We're going to have an hour -long show talking about crypto. We're going to talk about Coinbase. We're going to talk about a secret ETH whale that is a former president. You're going to want to stick around for that one. Also, some CFTC stuff. Another crypto millionaire found dead and some Thor chain stuff. So all my Thor fans, Chris Hemsworth, not Liam. We don't like Liam, right? Because the whole thing he did, he cheated on his wife. Yeah. But we do like Thor. I'm down with Thor. We're down with Thor. And he's got a little bit of time left before dementia kicks in, so. Alright, alright. Well, let's get right to the show, guys. Make sure you follow us, you know, and make sure you go buy some merch at hitmerch .com. You can see this cool ATB hat I got on, the cool ATB hoodie. Let's look at the crypto markets, though. How are they faring? We're going to go ahead and hit refresh. Oh, I want to give a shout out to a BitSquad member. They threw away the piece of paper with your name, but he gave us a mouth. Where's the mouse? Uh -oh. The mouse moved. Yeah, we had a BitSquad member send us in a Logitech with a track wheel. It was here last night. Owen. It's Owen. I'm going to get to the bottom of it, and, yeah, well, they threw away your name, buddy, but we appreciate the mouse there for us trackpad challenge folks, though. But let's look at the crypto market. It looks like it's taking a little bit of a tumble down. We are now down 1 .6%. We've fallen below 1 .2 trillion. I feel like we've been above that for a hot minute. 24 -hour volumes coming up a little bit. It was in the 30s. Now, we're at 41, basically $42 billion. Bitcoin dominance risen a little bit. It was 46 .9. Now, we're at 47 .3. Gas coming in at 36 Gwei. Bitcoin is down 0 .8%, and Ethereum is down 0 .9%, but some of these alts are really bleeding, folks. So, the alts are taking a hit. BNB isn't really feeling too much pain at 2 .3%, but XRP is down about 5%. Dogecoin down about 6%. Cardano down about 5%. Solana was 7%. Now, it's down about 6 .5%. Polygon down about 6%. What was that 7 % I just saw? SHIBA in you. Should have sold it. Should have sold. The sell wasn't in me. That's also down as well. Is the money flowing to... How do you say this coin, Tim? Yeah, I was talking about it this morning. See or say has to be the two options here. So, let's go with say. I'm going with say. I say say. Yeah. I think a lot of money is flowing into say. You see the 24 -hour volume is $1 .2 billion. Now, that could be $1 changing hands a billion times. But volume significant right here. The market cap is coming in at $380. That's not most of the tokens being sold for that much, but, you know, the tokens that are circulating, it is up. Do you think some money flowed into say? Yeah, I mean, clearly. I don't know if you saw it there, but on CoinMarketCap, it's up over 2 ,000. It was 2 ,100 % in the last 7 days. So, a lot of money flowed in, but if you look at the tokenomics, a little more than 10 % of the max amount of tokens are actually operating. So, not necessarily something I'm rushing to buy in, especially after the last 7 days being up over 2 ,000 % and the fact that it's the tokenomics are all good. I'm not buying yet. We'll have to see more developed before I'd be willing to buy. I looked at CASPA an hour and a half ago. It hadn't moved up that much. Maybe it was just a dip about 24 hours ago. CASPA is one of the top gainers of the day along with say CASPA up 6 .1%. But other than that, largely flat and then into the negative, but alts are bleeding, folks. We have HBAR, had big news, bullish news, now down 12%. Terra Luna's down, of course. Apecoin, down 10%. IMX, down 10%. Uniswap, you know what I'm seeing here, Tim and Drew, I'm seeing a lot of the SEC listed coins and the 48 coins listed in the Binance .US and I think Coinbase suits there. So, a lot of those coins that were listed in that Coinbase suit, they're beaten down. Do insiders know something, you think? Maybe, I don't know. Is there, yeah, there's no news that would bring them down necessarily. I just thought the whole crypto market as a whole is taking a little bit of a bath. All right, Servanda Estrada comes here for the nonsense. I like Eric Estrada, Chip, California Highway Patrolman. Servanda Estrada is one of my favorite names to read when we read names on Investing Bros. So, shout out to Servanda. Good to see you here. All right, all right. We also have Crypto Brat. Okay. All right. They get bratty when it goes down, I guess. Any thoughts on the new Celsius disclosure statement? We're talking about it, I need to dive down into it. It's a lot of moving parts, so I don't want to just have a cursory glance of the facts when still a lot of things we might not know. All right, let's talk about Promethium here, folks. Wait a minute, first, yeah, yeah, Promethium. Looks like we have a little press release here. Republicans, press regulators regarding Promethium's special purpose broker dealer approval. Pat McHenry from North Carolina led the committee here in sending letters to FINRA President Robert Cook and SEC Chair Gary Gensler regarding Promethium's approval as the first and only special purpose broker dealer for digital assets. They came out of nowhere, got all these approvals, and no one ever heard of them before. We covered it months ago. What the heck is Promethium? Where's Promethium coming from? We discovered a lot of insiders. Well, some Republican senators, looks like they had some issues with it. Here we have a quote. I think this is McHenry here. The timing and circumstances surrounding the approval of Promethium as the first special purpose broker dealer here raises serious questions. The approval comes as the committee is considering addressing gaps in the regulation of digital assets. We held a joint hearing just seven days ago, prior to the approval of this asset or SBBD. In that hearing, members discussed their plan to propose legislation on digital asset market structure. While Promethium claims it is a silver bullet for digital asset offerings, it has not yet served a single customer. There's also refused to make public the digital asset securities that they would support on his platform. And since they're limited to digital asset securities, the SEC has refused to provide any biting guidance on what digital assets are securities. It is unclear what assets would even be eligible. Here, I wanna show this story as well. They respond. All right, so we got a response. So we got the Republicans. They're like, hey, this is fishy. Stinks, you know, they're ripping the mask off like it's Scooby -Doo. Something's not right here. What are your thoughts on the approval? Do you think there's any chance that there's no insiders? No, there's absolutely insiders. And the fact that Congress is noticing it is actually a breath of fresh air, but there's clearly fishiness. Ben made a video. We posted it, what, two weeks ago, three weeks ago maybe at this point, just on the sketchiness of this entire story. The coincidences just go too far to not have some weight to them. All right, we have Asmyr, F this ATL traffic. Hey, ATL in the house. Boomer Sooner, do this move. That's what I know. Actually, do that or you do the wafting move too. It's like a drowning man. All right, Promethium responds to Republican concerns on the FINRA and the SEC approval. So Promethium, they got a little response here. There's Pac McHenry. He's the one, you know, raising the questions. So the LLC, the response takes the spotlight amid growing concerns raised by members of the House Financial Services Committee. Here we have a friend of the channel, Eleanor Terrett, tweeting about it as well. In reactions, Promethium issued a statement. The purpose built its technology with the goal to develop a market infrastructure for digital asset securities that is compliant with federal securities laws. So they basically said nothing while saying a whole lot of something there. In separate letters from House Committee, Pat McHenry and 22 other members, they directed it to the CEO of FINRA and Gensler. And you know, we kind of covered this, just kind of covering their concerns regarding the timing of the approval.
Thinking Crypto News & Interviews
A highlight from FTX SAM BANKMAN-FRIED GOES TO JAIL! GEMINI XRP, SEC GARY GENSLER BITTREX & ARK BITCOIN ETF DELAY
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple, or Google, please leave a five star rating and review. Well, folks, I'm sure many of you will have already heard, but Sam Bankman -Fried is going to jail. The judge has revoked his bail. So he's going to be going to jail and waiting for trial in October. The Department of Justice previously pushed to revoke Bankman -Fried's bail in late July. So the sweet music of justice is playing out here, folks. And this is obviously great news because Sam Bankman -Fried committed epic fraud, obviously taking users' funds, co -mingling it, sending it to Alameda Research where his clown friends and all these fools who didn't know what they were doing were losing money. And of course, that's not how you do business, right? Straight up fraud. And he was pretending to be crypto's golden boy, giving millions of dollars in campaign donations, spending millions in marketing and much more. He fooled a lot of people, folks like Tom Brady, some of the biggest celebrities. But, you know, justice has to play out here, folks. So the revocation has or was handed down during a Friday court hearing dedicated to deciding whether the FTX founder's bail should be pulled. Bankman -Fried will be held in custody ahead of his impending trial scheduled for October of this year. In his ruling, Judge Lewis Kaplan reportedly said there was probable cause to believe that Bankman -Fried had attempted to tamper with the witnesses and therefore violated the terms of the bail. The DOJ cited a few instances where Bankman -Fried had violated his bail with the most recent happening on July 20th. Federal prosecutors have accused Bankman -Fried of witness tampering after he allegedly attempted to discredit the former head of Alameda, Caroline Ellison, who was apparently his girlfriend as well, by leaking her diaries to The New York Times. So activity shady here from Bankman -Fried. He continues his fraudulent activity, folks, right? He's trying to throw Caroline and these other folks under the bus because he knows they've got a ton of dirt on him, but he can't take it like a man. He's got to try to, you know, game his way out of this. So however, the prosecutors didn't take issue with Bankman -Fried's communications with the press, saying he was right to speak and defend himself. But they allege that Bankman -Fried has repeatedly tried to corruptly influence witnesses and interfere with a fair trial through attempted public harassment and shaming. So great move by the judge here. Send his ass to jail and we'll see where this goes. My gut feeling has been all along, just because of this guy's connections and all the campaign donations, that he's not going to see much jail time. But I hope I'm wrong, because justice has to play out here, folks, not just because you gave campaign donations or your parents are connected to politicians. You don't get to pay for the crime that you did. You have to pay for it, right? You do the crime, you pay the time. And this guy, big time fraud, he's on the same level as a Bernie Madoff. Obviously, he committed way larger fraud with billions of dollars. But we got to keep putting the pressure on our representatives to make sure this guy sits in jail. All right. Let's move ahead. We got some big news. Gemini, the crypto exchange, which is owned by the Winklevoss twins, has officially added XRP for trading. Here's what Tyler Winklevoss had to say regarding this. XRP is now available on Gemini. It's important to note how we got here. Instead of creating clear rules for crypto, the SEC has resorted to suing everyone. It lost its case against Ripple, and a judge provided clarity when Gary Gensler wouldn't. America deserves better. Well put. And here, look, the Winklevoss twins are also in a big back and forth and fight with DCG, Digital Currency Group, and Barry Silbert. They've been suing each other. We know that the earned funds, which sit on Gemini, or which were processed through Gemini, are held in Genesis trading, and they're locked so users can get their funds. We know DCG has been having a lot of problems with Genesis trading. So here, a Gemini lawsuit is filed with misrepresentations, DCG claims, in motion to dismiss. The Gemini suit is pointing fingers at the wrong defendants, DCG claims, in the motion to dismiss. Well, to be honest, Barry Silbert and DCG don't look very good right now because they own Genesis trading, and the funds are stuck on there. It's not Tyler and Cameron and Gemini's fault. They were operating under normal pretenses, and look, they can get the funds. So that really sucks for the users, but I hope they get this resolved soon. Now folks, remember what I was saying in my last podcast, that with the SEC's attempt, not that they actually appeal, but their attempt to appeal because it has to be approved first, I told you FUD was going to follow, right? Literally the next day, August 10th, article comes out from Fortune, Ripple versus SEC, why the crypto industry may have celebrated too early. So it's coming, folks. Be prepared. You're going to see a lot of FUD articles, people trying to short crypto, people, look, even articles planted by the SEC and Gary Gensler, we know they do a lot of media pushes to push their narrative, right? Even though many of the items that Gary Gensler puts out there is false, it's lies. And that's why we have to keep exposing him. And that's why I keep calling him a scumbag regulator. He's not a good faith regulator. Now attorney John Deaton reiterated what this is, what the SEC is trying to do because there's a lot of FUD out there and a lot of lies. So John said, everyone needs to understand what this is and isn't. This is only a pre -motion letter. It's asking the judge permission to file a formal motion, asking her to allow the SEC to then ask the second court or circuit court of appeals to accept an early appeal. It's just like when I filed a pre -motion letter asking permission to file a motion to intervene. Granting the pre -motion letter does not mean she will grant the underlying motion. As in my case, I expect judge Torres to grant this motion. This will then allow her to even more fully explain her reasoning and to also further make it appeal proof. It will also allow her an opportunity to address anything Rakoff said. So talking about judge Rakoff in the Tara Luna case, who once again, people are taking what his comments on which is not really entirely focused on the Ripple lawsuit, but just a passing comment as gospel, as though that's law, but it's not. The ruling by just Torres is law. So it doesn't matter who's blowing hot air and whatever they say. So let's see how things progress, but just know the facts folks. Now, a quick word from our sponsor that is Uphold. Uphold is an amazing, great platform that I've been using since 2018. So I can vouch for this platform. I actually use it. In fact, when the Ripple lawsuit was going on, they were the only exchange to list XRP. So I was buying the XRP dips during the lawsuit when other exchanges delisted XRP. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. All right, folks, let's move ahead. We got more scumbag moves by scumbag regulator, Gary Gensler. So you all may recall the SEC went after Bittrex, which is one of the crypto exchanges in the market. As a result, they had to leave the United States. They shut their doors here in the U .S. and apparently they decided to settle with the SEC, which really sucks. And I understand, look, they don't have the capital to fight the SEC. You know, it's not like Coinbase and Grayscale, but it really sucks because this gives Gary Gensler a win that he can run around and say, see, see, these guys admitted to it. But many times they just can't fight, right? It's hard to fight the government. So here's what the SEC tweeted today. We announced that crypto asset trading platform Bittrex Incorporated and its co -founder and former CEO William Shehara agreed to settle charges that they operated an unregistered national securities exchange broker and clearing agency. Now in the full statement on the SEC's website, here's an important part of this, despite everything the SEC is saying that crypto assets were offered and sold security. Here's the key note. As part of the settlement, the defendants neither admit nor deny the SEC's allegations. So obviously the SEC goes around like a mob shaking you down and they grab as much money as they can. It's not in good faith instead of providing clarity to the market. They're using regulation by enforcement, which we all know does not work. It's failing. But the silver lining is that we have some big players who are not putting up with this garbage, one being Ripple, second being Coinbase, the other being Grayscale. And I hope other players, I think Binance is going to fight as well. They have the resources, they have the capital to put up a fight against the SEC. And Gary Gensler, he's not in a good spot. Despite this Bittrex news, he's not in a good spot, folks, that Ripple defeat was a big one and it looks like Coinbase could get their victory, folks. So we'll see what happens. And I think a lot of people are also saying that Grayscale could win as well. Now, speaking of the industry going after the SEC, here we have Rodrigo and I forgot his last name, but he's legal and policy at Paradigm. He tweeted out the following today. Today, Paradigm and A16Z Crypto filed a joint amicus brief in the SEC's case against Coinbase that demonstrates why the SEC's approach is unsupported by case law and represents a significant and problematic expansion of its regulatory authority.
Tech Path Crypto
A highlight from 1203. Ethereum Adoption Exploding Uniswap Launches on Coinbase Layer-2
"All right, so the markets are in an upstream right now, and of course a little bit of this is pending on where Bitcoin is going. Also Ethereum starting to have some very interesting plays across the market. So we'll break all that down for you guys. Hopefully it'll be a good one. I think you'll like it. My name is Paul Baron. Welcome back in the Tech Path. Getting into it today, of course, we want to thank our sponsor, iTrust Capital, if you're looking at a long -term hold. This is one of the places you can do it for an ETF, or excuse me, an IRA. I'm thinking ETF because it's so close, or at least I feel like it's so close. Anyway, if you're looking at a crypto IRA, this is one of the places to go. And of course, the cool thing about this is there's no fees. There's no monthly fees. Obviously, you can self -direct trades. There's a trade fee there. But one of the cool things is you can get into a lot of different assets in there. Get into all coins, of course, feel like Bitcoin and Ethereum. But you can also get into gold and silver. So there is a lot of flexibility. All you have to do is use our link down below, and you'll get a $100 funding reward if you decide to open up an account. So check it out. See what you guys think. All right. A couple of things happening right here. Of course, Uniswap hits a tweet here, rumor has it that BuildOnBase needs a DEX. We're excited to announce that Base is now live on the Uniswap web app. That's big news, I think, for Coinbase and Coinbase in general. A little bit more into the detail of the story if you look at this. Since the integration went live on Uniswap, Base recorded more than 11 ,700 transactions, about $3 .65 million in trading volume. This makes the fourth -largest DEX by volume on Base, according to RocketSwap. So cool things there. Base Network is now set to open to the public this Thursday. So all of that is getting ready to roll out. This would be good for Coinbase in general, but if you think about this, this pretty much opens up everything into Coinbase usage. And with the combination of Coinbase Wallet and whether Coinbase account, they are quickly becoming a titan in the ability to truly get into Web3, all the different kind of projects out there, and also some other aspects. And I'll show you something here that's happening with Chainlink in general. But if you just look at Uniswap's volume, obviously they're on ETH, but really very consistently high, and I'm just kind of going out on the monthly, but you can kind of see here a little bit on where this is going. But this, I think, again, just shows more good bullish signs in the market, especially around trading and getting ready for what we think will be an interesting bull run. Other things that are playing into this, this of course, just don't forget in case you guys are not already out there, OnChain Summer is getting ready to launch. Again, Coinbase is not a sponsor of ours, but it is something we're watching you of go over there and bridge and mint over there on OnChain Summer today. So even if you're brand new to crypto, this would be maybe one of your first experiences to try something in terms of getting engaged in Coinbase, but also into Ethereum. So lots happening there. Other things that are happening within this is Chainlink has a price feed that is now going live on Coinbase's base Layer 2 network. Now what does this mean? If you understand a little bit more about what Chainlink is doing around tokenized assets and what that might mean for Coinbase, especially with Wallet, this is kind of interesting. And I want to focus on a couple of things here in the article. Let me kind of zoom in on that. Integration of Chainlink with base will support DeFi apps and allow Coinbase incubated Layer 2 networks to link with external DeFi apps like lending protocols, futures markets, things of that nature. So that's pretty exciting. Price feeds are one of the leading price data solutions for developers when it comes to the security, reliability, and usability. This of course on Chainlink. Integration of Chainlink price feeds will empower base developers to create next -gen use cases and existing DeFi protocols to seamlessly onboard into base's Layer 2 blockchain. So again, this gets into the benefit of tokenized assets. All those kind of things can play into this technology, especially with Chainlink tying into this. If you look at this headline right here, tokenized Coinbase stocks are coming to Polygon, of course, obviously thanks to backed finance, but more importantly, integrating Chainlink's price feeds. So tying in two of our favorite tokens, Chainlink and also MATIC, and I think, or maybe, what is it, Paul now? But the cool thing is, is that you'll notice here there's a lot of movement within the Coinbase ecosystem. So good news for them, and I think it's also really good news for Coinbase in general, further good news for them is they begin their $150 million debt buyback. This will be a 36 % discount if they pull this off, which is only going to create better value I think for Coinbase, the stock, if you're maybe just a regular stock investor and you like coin. If you are, make sure and smash the like button. It's one of the things that helps us, and it also helps videos like this start to really kind of use the algorithm to help others start to learn a bit more about blockchain and what's happening in the ecosystem of crypto. So just as a reminder, last month the exchange redeemed $65 million in convertible notes at a discount of almost 30%. So that's pretty significant, simply meaning you're reducing your overall cost of some of the money that you've got out there on notes, and any time you can do that is very beneficial for the platform. Couple of notes here I wanted to hit on, and this I have a feeling, and there's a lot of things that are playing into the markets right now. Why is Bitcoin starting to edge up close to $30 ,000 again? What are some of the key things? We'll talk about PayPal and some other aspects that might be leading this, but here's a note from Galaxy CEO, Crypto Headwinds dissipating with Bitcoin ETF plans, the Ripple ruling, all those kind of things. There's a few things that Mike is talking about, Novogratz. The approval, if we get one, deemed more likely now by some of the industry after a flurry of second -party filings, would signal that the government's backing of Bitcoin in a sense. Now what he simply means is if we get an ETF that could legitimize everything that's happening, especially around Bitcoin, and if that happens the next shoe to fall, most likely it would be Ethereum. Obviously, we already saw quite a few filings for Ethereum just this last week, so lots happening. If you think about the pre -Sam Bankman -freed blowup, lots and lots of institutions got to the starting line, and then they all backed away. Certainly stunted the overall growth in the space, but I think now we're starting to see some open water, and I think that's the key thing going forward. There's a clip here I wanted to play where he was over on CNBC, and listen to what Novogratz had to say. The market does think we're going to roll at one point. We've been wrong. The economists have been wrong on how fast it would take for the economy to slow down. I actually think when I look back, why was everyone wrong? Our entire careers, all of yours and mine, every response from governments to crises was always monetary, right? Cut interest rates, inject lots of liquidity. Well, with this COVID response, it was giant fiscal, and we've never really lived through an experiment where we did UBI for the entire country. We've normalized 5 % budget deficits, which is a dangerous thing, but I think one of the reasons the models aren't working is we're just not used to this, and none of us have kind of lived through an experiment where you just gave away so much money. All right, so what he's talking about there is really kind of how these markets have continued to perform in somewhat of a downtime. Many people would say even a recession. If you look at are we in a recession, are we maybe coming out of one, or are we about to enter into one, that is the real question that I think a lot of these analysts are trying to get to, and this is the thing that has started to kind of trip these analysts up because of the fact that we've continued to see some growth here, and obviously if you've been investing in Bitcoin since January, you've doubled your money. Same thing with Ethereum. So what is it that is continuing to draw this out? And now you have a lot more activity coming in from the market itself that's only showing more bullish indicators. So I want to get into a couple of points of what they're talking about here. This was from Eric Balcunas. Also notable, we're going to fight like cats and dogs over market share. This is talking about ETFs. It's something Cathie Wood brought up on the ETFIQ yesterday. What she's basically said, and we did a little bit of a breakdown on this from Cathie's interview, but the point is that if all of these ETFs, Bitcoin ETFs, get approved, there's going to be a very significant amount of competition. And what that means is really good for Bitcoin. It's really good for crypto in general because all these firms are going to start to really start to spend money on education and marketing. And that itself will start to open up to the masses and really create some very interesting things. So you can kind of see what he says here, going to be crucial and thus heavy and probably over the top. That's what I think will be the case. I would agree with Eric. Definitely going to be over the top. Here's Deaton talking about if I told you XRP would get regulatory clarity but not hit a dollar, many would have said no way. All right. Likewise, if I told you PayPal would issue a stablecoin on Ethereum, but it wouldn't increase Ethereum, you know, everybody would be saying, OK, like or not, Bitcoin still drives the market. I would agree with Deaton here. The only difference is I think we are about to see maybe a bit of a cataclysmic shift in how Ethereum and other projects will start to play out. And it's only because of the amount of adoption that we're starting to see in the space. There's a stablecoin coming on with PayPal, but many others, too. There's a lot of other indicators that are kind of flying in that direction. Doesn't mean I'm moving out of Bitcoin, but it does mean I am giving more consideration to some other projects. I want to play this other clip here, and they kind of go into the Ripple side of this, but listen into what Novogratz had to say. I think it's like this Ripple lawsuit taught us anything, right? Gary has been saying, come in, the rules are clear. The rules are absolutely not clear. The judge just basically said to the SEC, you're wrong. And so, you know, Richie Torres, the congressman from the Bronx, put a beautiful letter out to the SEC to Gensler saying, guys, it's time to come to the table for the White House, for the SEC, for Democrats to sit down with the Republicans and give us some damn legislation so we can get on with life. I don't think Gary inherently hates Bitcoin or hates crypto. He did see an industry rife with a lot of fraud. I do think Elizabeth Warren and the progressive side, for reasons I can't understand, have been anti -crypto. And I think any central bank governor gets nervous about something. You know, Larry Fink went on TV and said this is going to be the first global currency. All right. So you can see a lot of indicators there from a regulatory environment that even Novogratz who's been a little bit staunch in terms of his critics toward D .C. is agreeing that maybe there's an opening here and the opening could come in from the SEC. There could be some openings from the political weight that is being pushed upon Gensler. There's a lot of things that are playing into this right now. And of course, we know that the House is going to have two bills on it that we'll be voting on here in September coming up, a stablecoin bill and then, of course, the traditional crypto markets regulation. So that in itself, I think, is, again, very good indicators. Plus you have these companies that are starting to move ahead of this. Now everybody knows PayPal and what happened. We did a whole video on this. But when I look at PayPal and one of the things that they're playing into this, remember, PayPal USD, too big to shut down. This is why it would be a bit different than what Meta tried to do with Diem, which was essentially where Facebook tried to create a concept around this. And there's a couple of points that they hit on in the article. Meta abandoned its stablecoin, first known as Libra, rebranded. We already know about that. This was mostly coming from the European ban and the blacklist from the Federal Reserve, U .S. Treasury. But remember that Facebook at the time, not a money services, not a financial services entity. Big difference there. Experience with payments, long years of investment in crypto initiatives, plus an already established relationship with regulators, which I think is the big one right here. PayPal, especially USD for success, I think is going to be clear. And this gets back into a point that I think I made earlier in the week is that when you look at the lobbying power of companies like PayPal on the streets of D .C., those are real. Why would they make this move now? I mean, because clearly this has been a project they've been working on. They don't necessarily have to release this now. Could be a scenario where they think there's going to be a lot more competition in the banking area. All of that could be playing into this. Further in the article here with Diem, Meta took the opposite approach, only offering a partner with Fed regulated versus what we're dealing now with PayPal. PayPal is something Meta never did, which is an integral player in the payments management ecosystem, which is another aspect. Almost every ecosystem out there from e -commerce has some sort of PayPal payment system. Plus they have a 40 % market share of online payment processing. So all this is a good sign. Now many have looked at this and said, well, Paul, but this could be a bad thing for crypto in general. And I remember that there are still the crypto natives out here that most likely watch our show and have been around for quite some time. Many bull runs, they've lived through the wars. They've seen the Luna fiasco. They've seen the crash of all these different entities that happened during this last cycle. And now they're starting to see the early adoption of how some of these major companies are starting to move into space. Here's JP Morgan saying PayPal stablecoin could boost the Ethereum activity. Yeah, I think that's true. The question will be, will we see people that maybe have never experimented with crypto before start their journey with something like PayPal? It could be very well one of the key things because remember Coinbase, as much as we like them, as much as when I say we, meaning crypto in general, likes what Coinbase is trying to do for the industry, they still don't have the base of growth that a PayPal does. PayPal is sticking on 500 million members and active users. These are real people and these are interesting because there's a lot of money that is sitting in these PayPal accounts easily could be converted to a stablecoin, which obviously would benefit Ethereum, which will benefit all these projects and build on Ethereum and obviously you kind of see where all this plays from there. Couple of notes in this article. Could boost Ethereum activity, enhance Ethereum's network utility, agreed. More firms would be encouraged in the future to choose Ethereum blockchain, agreed for their stable and decentralized project just because of the involvement around what PayPal is doing here. Another aspect of this, you know, when you think about where this is going to go, PYUSD, the token itself, I think there's some great opportunity for where this plays out. Another thing too, I wanted to jump in here because there was another piece right here, PayPal. This is, okay, so this was one of the things that people were kind of hitting on a spaces today with Mario, Knafel. They were talking about the issue of PayPal stablecoin could still be frozen just like Tether and Circle. And my argument for that is this, is that there's going to be people who are Bitcoin and decentralized diehards. That is crypto natives, guys like myself, others that are out there educating the space. And then there's going to, because you can't expect everybody to go all in like that, go hard at that kind of level. So this may be the entry and this may be okay for most people, just like a bank. I know those are bad words, but we say them occasionally here on the channel. But the point is, is that I think this really gets into an opportunity for growing like the normal audience in accepting what's happening in the blockchain industry. So a lot's happening there. Coin Bureau hit on it right here. Guy was talking on there and I heard him go on another show about this where he was really kind of zoning in on this, but it's now confirmed that PayPal stablecoin can be frozen. It's known that PayPal has a history of limiting and restricting accounts based on political views. Yes, yeah, it has happened, but that's also happening in the UK with banks where they're holding back and even in some cases, freezing bank accounts. All those are traditional finance pitfalls that everybody faces. But the cool thing is you have an out. If you get yourself educated and if you're brand new to our channel, first thing I want you to do is subscribe because this is going to give you kind of your own gateway into education of understanding how to move to this next level. So make sure and hit the subscribe button right now and hit that little bell. It's going to give you a notification when we do live streams like this one right here. If you've caught this after the live stream, make sure and of course tune in. You'll be able to get those. You'll get a little notification on your phone. But anyway, I agree with Guy. I think it's a good thing, but also it's just an evolution of how TradFi is going to move into this space. So definitely not one that I'm worried about, but it's one that I'm always keeping my eye on. Another thing to be thinking about is Paxos right here has other white label stablecoins. I'm going to zoom in on that for you. Opportunities in the works in addition to PayPal. Likelihood is we're going to see a lot more of these stablecoins coming in. More likely than not, we could see everything from major retailers to banking titans to other aspects, maybe even other major social platforms. I just don't know whether or not we'll see the likes of a PayPal outside of traditional banks really make a big dent in the markets because I think those are the ones that we have to watch. Just so you know, right here, this is kind of an interesting data point from Logica. This is the average amount of money that is in a PayPal account versus cash in wallets. Meaning average users of PayPal keep more money in their PayPal balance than they do cash in their wallet. So if that is the case, $485 and PayPal says, hey, listen, you can buy a stablecoin and you can get interest or yield on it. Why wouldn't people do that and what would that mean to the Ethereum network? That would mean massive because you're talking about a user base here that is absolutely incredible. So lots definitely happening. We'll take a look at the charts. Don't forget, we're going to do a quick poll for you guys too. Let's just jump to the poll and then we'll get to some charts here in a quick second. Let's take a look at the poll. All right. Oh, great. Should I swap all my Bitcoin for Ethereum? I don't think the audience likes that idea of the 68 % saying no. All right. Well, there you go. All right. Well, speaking of Bitcoin, let's go over to the chart right here. You can kind of see a little bit of movement. Again, some of this, I think, is because of the activity that we've seen around just these bullish measurements. And it also has been something that, remember, Bitcoin has not moved much. Right now, we're on the two -hour, but it has not moved much in weeks. And for the first time, we're starting to see a little bit of upward trend on sentiment data. And this, of course, is showing up nicely on the charts, holding at about 2 .5 % growth. The one that I'm interested in right now is still Solana. Solana continues to be a high performer, and it's one that we've continued to look at really since back in early January. And if you look at the growth on that, I mean, the question is whether or not Solana can make its way back up here into the $28 to $30 range. I don't know. I'm interested in this right now, but it is on a tear right now. I'd love to get you guys' feedback. If you're investing in or, you know, holding or getting into any of these projects, are you going the route of Ethereum, are you going the route of Solana, or maybe going the route of Avalanche? Are you hedging your bets on different kind of projects that you're interested in playing into? I don't know. Love to get your comments down below. Make sure to drop some sidebar questions. We'll try to get some of those as well. Let's take a few, and it looks like we got a few here. All right. So, all right. So we got PayPal makes no sense. This is not what the masses will use. I don't know. I'm still questioning whether or not...what is the gateway? Because right now, I don't know that it is Coinbase. As much as I'd like it to be in the United States, regulatory scenarios are still going to be a big part of this. It could be a Fidelity if Fidelity were to break loose with something crazy like an in and out wallet, or possibly Coinbase really starts to expand because of their expansion into DeFi. Maybe there's some opportunity here, but I'm still questioning as to... There will be something that is that gateway into mass adoption, for sure. Solana's faster than MasterCard, Visa, no doubt about that, flat smack. Chainlink, protect on the next bull run. We like Chainlink. It's definitely one that I've invested and played with before. Definitely one that I would probably look at. Who's adopting ETH except Paul? I don't know. Hopefully, a bunch of people, but I think there's a lot of people that are starting to shift over in terms of, you know, just what that might look like in terms of payment architecture. Let's see, what else do we have? A quarter of Bitcoin into LINK and a quarter into ETH. Okay, that's an interesting play. I like making those kinds of bets. Those are good. All right. And then what else do we got here? Small man priced out of the Uniswap and ETH cost plenty of dollars for a swap. It is a pricey. I think those are going to come down in time. It will, you know, most likely be a scenario that, you know, many people are facing if they're brand new into crypto. There are fees just like any kind of other trading platform out there, whether you're trading in stocks or any of that. What is it that you guys would like us to see? You know, just drop some comments down below. Are you interested in more CEO interviews? Are you, do you like our breakdowns on projects or are you really kind of liking the strategy that we take here in the crypto pit where we break down projects, look at how the impact starts to affect in the markets? We're always kind of playing with some of our content. We always love to get feedback. So make sure and just drop some comments down below. Before you leave, hit the like button right now. It's one of the ways that helps spread this video. If you're not part of the Diamond Circle, make sure and get in. It's very easy and it's free. We drop a podcast over there, additional analysis, more research, all that stuff is available over in the Diamond Circle. If you guys want to catch me out there on Twitter, it's thatpaulbarron. We'll catch you next time right here on Tech Path.
Crypto Voices
"luna" Discussed on Crypto Voices
"This is price times fees in Bitcoin. It's a little bit different. Interestingly, by March of 2020 two, we were already back under trendline. And the most egregious scams hadn't even happened yet. Luna, Terra, Celsius, they were all in May June, and then of course FTX in November. So then we go down again down again. Where we get to today, roughly on a trailing 12 month basis. Miners make a $136 million in Bitcoin fees. A $136 million people pay to miners. Collectively, network wide to get the transactions in a block. Where
Crypto Banter
"luna" Discussed on Crypto Banter
"Depends on a lot of factors, strong market, things like this can go on for a long time. Like we saw Luna, which was pretty much a essentially free money train. That grew to be unthinkably big. And that was made possible by a growing market. And so anything can happen. We've seen crazier things happen. But I think what you'll probably see is a lot of people compete trying to do that exact same playbook. And at a certain point, the incentives for the people who are creating the volume on blur might shift to a new token or a new marketplace. We've seen this with DeFi pretty much every single new DeFi project is ephemeral because I call it slutty liquidity. They just jump to wherever the biggest yield is. And so you see liquidity just jumping around jumping around, jumping around, and rarely do you see DeFi, you don't see new DeFi primitives stick. You just see new DeFi tokens come out. There's something mildly nuanced about what they did. And then all of a sudden, the money piles in the tokens get farmed and they go up as long as the tokens are being farmed aggressively by whales. And then once the dumps sets in, there's nothing that usually stops at usually generally keeps going down and down and down. And there's only a few handful of DeFi projects that have maintained their glory. And their tokens don't move in a very sexy way. They're pretty boring the tokens. Things like CR-V, aave, compound, those things are here to stay, right? That's like DeFi that we expect to serve billions of people. But it's not very sexy as an investor. There's nothing fun about it. It's pretty basic. But that's also the way it should be. So that's the way I see blur is it's kind of like a new DeFi thing. I think they've definitely cracked cracked the code on how to take mind share away from open sea.
TuneInPOC
"luna" Discussed on TuneInPOC
"You ready to see. Yourself? Pesos messed with this conservator. What would that mean? Yes. Luna is not this. He read his socialist comments from planning. Is the center. But at this level we can. In there, let me tell you what your symptom level are the wimpy complaint. Then. For you. Or they will keep it up. As sustainable.
TFG Truth
"luna" Discussed on TFG Truth
"There to, <Speech_Female> <Speech_Female> like I said, <Speech_Female> government <Speech_Female> overreach has <Speech_Female> destroyed the American <Speech_Female> Dream. So <Speech_Female> we're going to abstract <Speech_Female> bills that <Speech_Female> violate the <Speech_Female> I'm going to obstruct <Speech_Female> bills that violate the constitutional <Speech_Female> rights of <Speech_Female> all people. I'm <Speech_Female> going to defund <Speech_Female> all the compromise, <Speech_Female> you know, <Speech_Female> three letter <Speech_Female> organizations. <Speech_Female> You're going to hear me say this <Speech_Female> a lot. This is what I always <Speech_Female> say. De <Speech_Female> legislate <Speech_Female> and deregulate <Speech_Female> what's destroying our <Speech_Female> economy. <Speech_Female> Congress has <Speech_Female> overreached and <Speech_Female> we need to reel it <Speech_Female> way back and I'm <Speech_Female> going to fight. I may not be <Speech_Female> the best speech maker, the <Speech_Female> best fundraiser. I'm <Speech_Female> going to fight I'm going to <Speech_Female> fight <Speech_Female> governor desantis <Speech_Female> is my role model <Speech_Female> and the way he is <Speech_Female> is what I want to take <Speech_Female> with me there. <Speech_Female> And <Speech_Female> I'm going to <SpeakerChange> drown out <Speech_Female> all the noise and <Speech_Female> getting caught up <Speech_Female> in all of these <Speech_Female> moral issues <Speech_Female> because <Speech_Female> that's not what Congress <Speech_Female> is for. <Speech_Female> Congress is for upholding <Speech_Female> the constitution. <Speech_Female> That <Speech_Female> is my compass. <Speech_Female> That is my true north. <Speech_Female> Any bill <Speech_Female> that comes <SpeakerChange> across my <Speech_Female> desk that violates the <Speech_Female> constitution <Speech_Female> or is <Speech_Female> outside the <SpeakerChange> powers of Congress <Speech_Female> that's going to be <Speech_Female> a no. <Speech_Female> No. <Speech_Female> That's what needs <Speech_Female> to be done. <SpeakerChange> <Speech_Male> And I'll say <Speech_Male> to your desantis <Speech_Male> point, I was at the turning <Speech_Male> point student action <Speech_Male> summit in Tampa a few <Speech_Male> weeks ago and <Speech_Male> seeing Ron DeSantis speak <Speech_Male> and listening to <Speech_Male> him talk about these exact <Speech_Male> things. It's <Speech_Male> a great role model to <Speech_Male> have and obviously <Speech_Male> we wish in New York we <Speech_Male> had a governor like him <Speech_Male> because <SpeakerChange> <Speech_Male> we're stuck with <Speech_Male> a lot of bad <Speech_Male> bad <Speech_Male> policy making <Speech_Male> and bad judgment <Speech_Male> with our governors <Speech_Male> and our left officials <Speech_Male> here in New York. <Speech_Male> Last <Speech_Male> question, how can people <Speech_Male> find you how can people <Speech_Male> help you with this last <Speech_Male> rush over the next <Speech_Male> week it is, right? Now <Speech_Male> at this point. <SpeakerChange> <Speech_Male> Oh man, I know <Speech_Female> it's getting close. <Speech_Female> I'm excited. <Speech_Female> So <Speech_Female> Luna Lopez for Congress <Speech_Female> dot com. <Speech_Female> My email is <Speech_Female> info at <Speech_Female> lunar Lopez for Congress <Speech_Female> dot com. <Speech_Female> All <SpeakerChange> my social <Speech_Female> media, any one of <Speech_Female> them, even true <Speech_Female> social gap, get her <Silence> all that <Speech_Female> at <SpeakerChange> real Luna <Speech_Female> Lopez. <Speech_Female> <Speech_Female> And <SpeakerChange> you know what, my <Speech_Female> phone number, my <Speech_Female> campaign phone number. It's 9 <Speech_Female> O four, 8, three, four, <Speech_Female> one, two, 5, <Speech_Female> so I'm sending me a text, <Speech_Female> call me whatever you <Speech_Female> want to do. I'm <Speech_Female> pretty <SpeakerChange> accessible. <Silence> <Speech_Male> Luna Lopez, <Speech_Male> I'm going to change this <Speech_Male> now patriot <Speech_Male> congressional candidate, <Speech_Male> Florida district 5. There <Speech_Male> we go. <Speech_Male> Luna, thank <Speech_Male> you so much for joining us. <Speech_Male> Obviously, good luck here <Speech_Male> over the next week, we'll be <Speech_Male> pulling for you. <Speech_Male> Folks, <Speech_Male> that's all we got for <Speech_Male> today, great <Speech_Male> insight, a lot of good <Speech_Male> stuff there. Hopefully <Speech_Male> hopefully <Speech_Male> <Speech_Male> this <Speech_Male> midterm election will <Speech_Male> be the red wave we hope it <Speech_Male> is and obviously running <Speech_Male> into 2024. <Speech_Male> Hopefully we can take back The <Speech_Male> White House and <Speech_Male> get out of this mess. <Speech_Male> We're in. Until <Speech_Male> next week, <Speech_Male> this is Mike braza. <Speech_Male> Thank you again, Luna <Speech_Male> Lopez. We will talk to you <SpeakerChange> next week. <Silence> <Advertisement> All right, bye <Silence> <Advertisement> bye.
TFG Truth
"luna" Discussed on TFG Truth
"I want to go up there to, you know, basically obstruct anything that is going to violate our constitutional rights obstruct this illegitimate administration that is in office because every problem we're facing right now in America is downwind from the stolen election and I know that's a controversial topic, but at this point it's not a theory. It's empirical. People just need to look at the evidence. They don't want to look at it. And the courts don't want to hear the case because the courts are corrupted, and so, you know, for me, with limited government, you know, that means, you know, defunding all corrupt three letter agencies, de legislating. We have too many laws that steal our freedoms. And deregulating anything that puts a chokehold on our economy. And I'll say that speaking of not wanting to look at things when we think of that, we think of the media, right? They are going to push their agenda no matter what that agenda is, whether it's good for people or bad for people. And we look at, I'll pick on the big ones, right? The CNN's, the MSNBC's, they push the racism narrative, right? They push the crazy maga Republican, you know, ultra maga Republican agenda, these Trump crazies, they're nuts. I saw an MSNBC interview the other day where they were one upping themselves on what name to call people like us crazy. Weirdos, whatever it was, right? Right. How do we fix that problem? 'cause that's the number one issue, I think, when you really break this down, obviously you have corrupt politicians. That's a problem, too. But the media continues to drive this narrative of if you don't think like the liberals think you're an absolute nut job. And I think that's very unfair. Well, you know, as a congressperson, it's really important to understand where your actual power does lie in Congress, what you can and can not legislate over because we can only legislate constitutionally. That's how it's supposed to be. So it's a tricky thing because you can't take away free speech, right? And you can't mess with private business. We can't legislate Congress has no power to regulate the private sector. But what you can do since Congress does have the power of the purse is you can defund PBR PBS NPR. The public service that is supposed to be neutral, right? You can start hitting them there. Now, it's important that works with the state senators as well, you know, just in terms of alliances because at the end of the day, the state has the power to control what happens in the educational system, right? In their state. So what we need to do, think about it. The invention of the television was a Pinnacle moment in history in being able to control information that your brain is absorbing.
TFG Truth
"luna" Discussed on TFG Truth
"The CDC Fauci is the FBI going to go after any of these people other than like school board parents or Donald Trump? Of course not. They're all in bed together. They've all got something on each other. I mean, they're all criminals. And that's a problem we have with our entire government system, all the way down to the local level. It's been a very skillfully weaved process into the media as well. And the elites are a set of criminals that have penetrated all sectors of life. And that is the problem we're facing today. You know, we live in an oligarchy that has penetrated the government on all levels, and they are not there to protect me and you or anybody else. They're there to protect themselves. So of course none of this none of this should be a shock to anybody. And people that are still believing that the government is benevolent at this point are probably just scared to face the truth because we want to believe that our government is good and going to do what is honorable and it's going to take care of us, but you know when you really stop and look at everything and you realize how money drives everything, it opens your eyes because it all comes down to who can maintain who can maintain power and they have lost what it was in 1776 when we left Britain because of the same problem. Is now barely talked about that honor that we took to stand up for ourselves that's like a figment of our imagination at this point. We have been so attacked psychologically that we just accept whatever we're spoon fed and we can't even look at the we don't even have the ability of critical thinking anymore. We don't even want to look at evidence that's going to defy our sense of comfort. And that's the point where society is at today. If we were stronger as a nation as individuals that had the ability and freedom actually encouraged, we wouldn't be afraid to acknowledge all of these corruption that we see on both sides of the aisle. But we live in a uni party down to politicians down to bureaus down to local down to corporations. It's all one big, you know, globalist agenda. And I think you make a good point there. It's not a writer left issue. It's both, right? Both are a problem. You know, you look at, you know, she's not going to be in Congress or any politics anymore and probably a CNN reporter soon. But Liz Cheney, she came into office at $7 million of net worth is making like a $150,000 a year. She's walking out now at 44 million.
TFG Truth
"luna" Discussed on TFG Truth
"To be sitting with Luna Lopez a GOP congressional candidate for Florida district 5. First off, Luna, thanks for joining us. Hi, thank you for having me. A lot to get to today. I'm not going to take too much of your time, but I want to hit on a few things. Number one, I think it's the story in the political media, I guess I'll call it right now with the rate of Donald Trump's home. What was that now a week and a half ago? Obviously a huge story getting a lot of publicity. First off, before we get into the FBI and the whole raid, what were your thoughts hearing about that last Monday? I think it was like 5 or 6 p.m. on the east coast. What were your initial thoughts like what's going on here or you understood it maybe or what the hell is happening? Oh, it wasn't shocked at all. I wasn't shocked at all they are trying to do everything they can to keep Trump out of office and the only way they can prevent him from running again is by charging him with some crime be it real or fabricated. So considering they said as soon as he announced that he was going to run for president back in 2016. I mean, they had a target on him since then and they gave him hell the whole time. So this was not surprising at all. They've been after him forever. And, you know, even though everything's been disproved, we saw that they were going to still push on because they have so much support on the left to to take him down that it was very easy for them to do this because they know they're going to have the other half supporting them in this. So let's go back in time because I think that's a great thought you had there. So he probably decided what was it 2014 he was going to run I think it was 2015 maybe when he put his put his hand in the ring there. Or because when he started running, you know, I found out when everybody else was making their announcement. So I just, you know, I was probably a little late in the game with that one, to be honest. Absolutely. And I think that's the thing. If we go all the way back, let's even call it 2016 when the actual election happened. But it's been one thing after another, right? It's just constant badgering of this guy and his family. And I guess what's tough for me and I'm an outsider. I'm not a politician, so this is me just as I'll call myself a talking head talking about it. If they would have had something in the last, I don't know, 7 or 8 years. They would have had them by now, right? You would think this guy of all people, if they were, if they had something serious that they could have arrested him on or impeached him on like an actual impeachment. What would have happened already, right? Exactly. And then when you look at the warrant, it's, you know, people need to do their research. It doesn't matter what side of the aisle you're on. You always need to do your research. When you look at the warrant, it's so broad. They weren't looking for any stolen classified documents.
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"Changes our path in life so much and to such a degree. If you would aside it to a person before happened they would look at you and go youth gonna tell me a dog's gonna make me do that now. No way Have mazing heels and hot open and stay they Phenomenal die gift absolutely absolutely sort of any other adventures or incidences. Coming to mind that you'd like to share not just think that my family would agree at getting. Luna was as important is getting married. She took me to very care to present In international conference podcast so he added so differently. She changed my life and She's amazing for doing very grateful for that yet. Thank you so much for having me on like. It's really nice talking about you for such a long time. Absolute been more pleasure joint to let people know your social links and and if they need help and assistance. How how did i get in contact with you. Yes left to so hi everyone. My name's barrier shady. You can find me on page bourdier. She dot com or on facebook amber earlier she own instagram failure shady and on facebook. I'm better she holistic psychologists. Sorry feel free to follow us. Send us a message. If you have any questions by email is hello betty Questions thank you for having me sure. Well it's been an absolute pleasure. Thank you very much looking forward to chatting again lighter. Thank you so much. Thank you very much for listening. I hope that you enjoyed the show now. All you still got this going and your phone out. Just before you switch it off it that subscribe button and then hit that shea about that is of course unless you are driving and you can do it lighter on. Please share like subscribe and tell a friend. I'd love to grow the audience of this podcast and have more people. he all about. How awesome dogs are until next time. Staife and remember. Your dog is family
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"Or you think she goes mostly into her crite. She's i during my client spell being very important to me so she is a different in her crate. Like she's interim at the end of two house in crate and i don't have client specs to back Gap so she can come out gopher snakes and all of that but no she Been our because my people. I need to be no ex- About it and i can have a boxing thing. So she's took after. She walked fed happy snoozing she do the the patrol around and silent. There's someone news been around all. Who have you been bringing into al place. Yes yes yes so. Sorry the questions. I ask everyone to to complete the sentence..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"She loves her Communist days days we turn Currently because of climate would be much way cyber to handle come with us but sometimes from you travel a lot like used as denial lot of car riding in boston. That let me just have a gorgeous. A friend was she when you did go to. The new places from abc nbc. And having that new environmental tyco a wall to sort of adjust to the houses way aside. And like i said To produce a new cleanse to. She loves her team. She loves it and she likes to know what she's allowed to during whatnot. She still tries to break rules. Okay i know that you've changed the way you do. Your professional saw it and you have people now coming to your place. How did she cope with that. Or you think she goes mostly into her crite. She's i during my client spell being very important to me so she is a different in her crate. Like she's interim at the end of two house in crate and i don't have client specs to back Gap so she can come out gopher snakes and all of that but no she Been our because my people. I need to be no ex- About it and i can have a boxing thing. So she's took after. She walked fed happy snoozing she do the the patrol around and silent. There's someone news been around all. Who have you been bringing into al place. Yes yes yes so. Sorry the questions. I ask everyone to to complete the sentence..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"She gets my system meals out of kong to a. She lost a good tog. Schloss thursdays complicated has two bulls in voice bowls creek to kill screen. He really quickly but she loves ashington toy. Sorry you're but she lost she also really likes reshaping. She really likes choosing hemline and figuring things out there. She's she's fine. she's a fun dog. One thing we forgot to ask that usually all the iran is what sort of breed or mixed. You think we've luna. Hey nice I i after thunder in a test but then realized deny doesn't have a lot of breeds in. It's conduct dismissed it. I know she has has kim head. Energy petting her. She has some tiffany A bit bit sorry. She's like her mom re bits and pieces from more like she's your love it. I think she has too key to smile. And health is source off like. It's one of two softwares. I ever touched touched dog so those sort of mixes to think like a breed trite. Is anything stronger in from one. The other raw. She's very protective very godley around the house and very like she lost cutting things better. It's neo to house at I do think that she has shepherded her by. Say she has said she'd heard mike lucado nari but i do feel that type of law and i believe her haski line comes out in her drive like veggies outside she cast like listen very doesn't like being told what to do. Eto mike addle. So yeah let's would. I never wanted to be competition with her. Or i just wanted to add a pal just want to have a body. And she's amazing. She's really beautiful dog. You think with the different was called activities. she has a particular fondness of doing something more than others. That be sort of like knows work. She loves bush walking. Like i think that is but it's it's a push for crashes allowed to sniff and have a look like Ghabush working with jazz. A commander aside frayed allowed to sniff with madness along the line of Iztok but then i finished. It's like time because otherwise two different ten hours but she loves she lost a combination of kayla. Be outside but sniffing without pickles to like. It's not a ascend class or anything like that. It's just exploring everything. She loves rolling in shady things. That's absolutely true. It's not like everything that stings every paddle like she's pretty Chances cured smile on g when he will cruiser side so after a while. when she's in them she looks since she's like. Yeah amazing to have powell excellent. So you mentioned puddle. How has she been with water. She hasn't had a great amount of exposure to it. Like she doesn't have spin like she hasn't had a took one I actually a couple of times to undock friendly beach but we stopped that because somebody added dogs. They became really stressful. she just got diarrhea from distress and Yes she she. She loves writings for needy. Paddles Make united water trump grooming and boss. Tom with border all. She's a very stinky dog rolls and everything like she gets regular boss and to give the poppy as torture her in on like lists very off but he's staying that he she gets to surveys after her bath time. I have to make sure that. I claim the rest of the house because last time i found Top of the ceiling. After she shook up with dealers is a lot of hair but not think she really is not good and that is something..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"She gets my system meals out of kong to a. She lost a good tog. Schloss thursdays complicated has two bulls in voice bowls creek to kill screen. He really quickly but she loves ashington toy. Sorry you're but she lost she also really likes reshaping. She really likes choosing hemline and figuring things out there. She's she's fine. she's a fun dog. One thing we forgot to ask that usually all the iran is what sort of breed or mixed. You think we've luna. Hey nice I i after thunder in a test but then realized deny doesn't have a lot of breeds in. It's conduct dismissed it. I know she has has kim head. Energy petting her. She has some tiffany A bit bit sorry. She's like her mom re bits and pieces from more like she's your love it. I think she has too key to smile. And health is source off like. It's one of two softwares. I ever touched touched dog so those sort of mixes to think like a breed trite. Is anything stronger in from one. The other raw. She's very protective very godley around the house and very like she lost cutting things better. It's neo to house at I do think that she has shepherded her by. Say she has said she'd heard mike lucado nari but i do feel that type of law and i believe her haski line comes out in her drive like veggies outside she cast like listen very doesn't like being told what to do. Eto mike addle. So yeah let's would. I never wanted to be competition with her. Or i just wanted to add a pal just want to have a body. And she's amazing. She's really beautiful dog. You think with the different was called activities. she has a particular fondness of doing something more than others. That be sort of like knows work. She loves bush walking. Like i think that is but it's it's a push for crashes allowed to sniff and have a look like Ghabush working with jazz. A commander aside frayed allowed to sniff with madness along the line of Iztok but then i finished. It's like time because otherwise two different ten hours but she loves she lost a combination of kayla. Be outside but sniffing without pickles to like. It's not a ascend class or anything like that. It's just exploring everything. She loves rolling in shady things. That's absolutely true. It's not like everything that stings every paddle like she's pretty Chances cured smile on g when he will cruiser side so after a while. when she's in them she looks since she's like. Yeah amazing to have powell excellent. So you mentioned puddle. How has she been with water. She hasn't had a great amount of exposure to it. Like she doesn't have spin like she hasn't had a took one I actually a couple of times to undock friendly beach but we stopped that because somebody added dogs. They became really stressful. she just got diarrhea from distress and Yes she she. She loves writings for needy. Paddles Make united water trump grooming and boss. Tom with border all. She's a very stinky dog rolls and everything like she gets regular boss and to give the poppy as torture her in on like lists very off but he's staying that he she gets to surveys after her bath time. I have to make sure that. I claim the rest of the house because last time i found Top of the ceiling. After she shook up with dealers is a lot of hair but not think she really is not good and that is something..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"Lauder for the people listening that that you went from basically a suburban northern suburbs of sydney to a small property in the mountains. That's surrounded banished. Come he plays turn. come visit. Tarpley stirred laments rely on tourism. Sorry to enjoy it. It's beautiful but because we live on property learn not as very very independent. She's most of the time in a long line because we tried really hard for her recall but Things in the national box dot com troll. And i respect the national park one that divide life days protected safe. So she's in a long line or on extendable lead much at the time. Did you not much change in behavior and habits from when you went out this relaxed heats. Ci relax tapes. Id relief. I relaxed Mortar so he buys for laxed one. I do believe my emotions travels To and she has a very bad logic fulfilling life here she. She sniffs heaps more. We daren half to navigate at a dog set off slade oil tight spaces with other people or anything like that. I literally inches bush and very live. We have designated trials that you allowed to take it out sir. She gets very often five. Trade cable chak o. It's good for both of us so when you were back in sydney where would have been her more favored spots to go in the end because of the activity and i just started dreading Because it became so stressful reaches drive by car to be honorable That was the favorites club. Either was surrounded by trays. Be very often Stock selective actually. So she has stopped friends. She gets along but they have to be reduced really slowly. They can't be as high. she's so we went walking with friends around our in strings of fun. United some engagement games so felina it's exercise But for her it's also really important that have mind is flecked like that. She feels like she learned some things. You had a good smith's and just said she has this real all around calmness to her sir i would have been her favorite games when she was younger and have changed and she lost his very driven. So anything food veterans. Learn game at absurd puzzles or calm..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"We have stop a good ten to fifty times because she had such bad diarrhea from exile eighty. He was it was only a forty minute drive so she was very anxious dock from the beginning and in hindsight being a qualified doctor these days or having set exam. Not what. You need the dogs face like that. I would have done things differently. I overexposed to way too quickly to things. Like how industry related ahead very romantic Mind and it was very weeks. Did they with the shelter. Able to give you any details of her previous lawf-. I know a little bit. I know that she is invested. Sydney escaped verge is how it's and wasn't socialized like she hadn't met many men at all and to this day is she's very cautious around And it was interesting. Because i always not knowing not knowing much about dogs had is fused. All something really terrible must have happened to her because she scared unanswered That's true. I think what happened to her is that she wasn't prepared for life. That didn't socialize. It think she was just locked away somewhere and the biggest trauma to her is not having had any good exposure haunted to this day. She's extremely noise-sensitive extremely annoy sensitive. Like i'm rachel. Running shark around. Because my dog is sensitive to papa dumps Immune food anything beeps. She starts shaking. She hates to print. I've tried sarsour how to desensitize to the printer. Because i have a harmonious. I gave up off the Couldn't so she anything. That sounds Like the beeping sound makes scares her. Like could i deny haven't on that one but She is a complex dog. She's i think. In hindsight i should have had has fest on simply because if someone would have been a big way experienced i think she may be would have had a gentle sat on the other hand. I'm pretty stubborn..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"I'm your host robert over. And i hope that you and your dog well this week. Guest is birdie shady. And we'll be talking all about luna but i in some doggy news. We are off to the movies. Your first one is dull. Ten and the three muscat hounds which is brought back a character by the name of ten from about forty years ago. The cartoon adventure follows loosely along other musketeer type movies next up. We see a collaboration between two different cartoon. Doggy franchises where scooby doo meets up with courage. The cowardly dog in a movie. Cold straight out inouye scooby. Doo meets courage the cowardly dog and the gang all get together to try and solve the puzzle of the mysterious insect army about to take over the world. Finishing up on the movies is clifford. The big red dog and yes. Clifford is a very big red poppy. And if you want to find out more about clifford on shore he won't be too hard to find. I have a to the. Us and in actually in wisconsin. If i mentioned the bone yard the hounds and tap and bachan brew. Would you know what all was talking about. All three of those places a pot of a growing trend where you can take your dog. They can have a bit of a run around. And you can enjoy a beverage. And i think as long as they is responsible. People they with the irresponsible dogs. That should go right. And i really hope it does. And now he's this week's interview. Welcome to relax dog of podcast on here with birdie shady hell heller. Thank you for having me. Is my absolute pleasure. Been waiting awhile for this one and conway fort. We don't talk about today. says who can't wait to talk about their favorite subject. Which is they dog. Yes i do. Love my dog lena. A lot like a lot lot say should take us back to just before you got luna and tell us about the the house and wise that you both got together all right based maybe i stopped a little bit background information to so people. Get to pick chuck. Yeah of course sir. I'm a clinical psychologist end. I'm from australia and With mike which is husband and family and my dream kid was always to have dog. But i never had a job as always stole the village dogs and kinda pretend a day of mine and i really love dogs but never had on because life has just said basically studying working moving continents and me got shelia. I was quite feeling isolated. Didn't have a ton of friends..
The Relaxed Dog
"luna" Discussed on The Relaxed Dog
"I'm your host robert over. And i hope that you and your dog well this week. Guest is birdie shady. And we'll be talking all about luna but i in some doggy news. We are off to the movies. Your first one is dull. Ten and the three muscat hounds which is brought back a character by the name of ten from about forty years ago. The cartoon adventure follows loosely along other musketeer type movies next up. We see a collaboration between two different cartoon. Doggy franchises where scooby doo meets up with courage. The cowardly dog in a movie. Cold straight out inouye scooby. Doo meets courage the cowardly dog and the gang all get together to try and solve the puzzle of the mysterious insect army about to take over the world. Finishing up on the movies is clifford. The big red dog and yes. Clifford is a very big red poppy. And if you want to find out more about clifford on shore he won't be too hard to find. I have a to the. Us and in actually in wisconsin. If i mentioned the bone yard the hounds and tap and bachan brew. Would you know what all was talking about. All three of those places a pot of a growing trend where you can take your dog. They can have a bit of a run around. And you can enjoy a beverage. And i think as long as they is responsible. People they with the irresponsible dogs. That should go right. And i really hope it does. And now he's this week's interview. Welcome to relax dog of podcast on here with birdie shady hell heller. Thank you for having me. Is my absolute pleasure. Been waiting awhile for this one and conway fort. We don't talk about today. says who can't wait to talk about their favorite subject. Which is they dog. Yes i do. Love my dog lena. A lot like a lot lot say should take us back to just before you got luna and tell us about the the house and wise that you both got together all right based maybe i stopped a little bit background information to so people. Get to pick chuck. Yeah of course sir. I'm a clinical psychologist end. I'm from australia and With mike which is husband and family and my dream kid was always to have dog. But i never had a job as always stole the village dogs and kinda pretend a day of mine and i really love dogs but never had on because life has just said basically studying working moving continents and me got shelia. I was quite feeling isolated. Didn't have a ton of friends..
Tech News Today
"luna" Discussed on Tech News Today
"It's been really interesting watching the way that this content is shaped by the cloud computing and online everywhere and five g. And all those things that are coming together to bring internet to more places and bring faster internet two more places Particularly for those of us in some level of of a privileged situation where in a weakened be in our homes and or at our workplace and have access to fast internet in places with devices that support faster levels of internet. So yeah that's the thing that's interesting to see. How that shaping the game industry and how these different game developers are working to kind of to to adapt to fit that new way of doing things. Yeah indeed on services like luna and stadia on. I'm i'm definitely curious that you've been using luna some. I would love to check out loon. See how it compares to stadium at some point but just this idea that we can if you have the internet connection that supports it. You can really be anywhere playing kind of aaa games from a from current console. you just. that's just the sort of thing that like. Not very long ago. Didn't make a whole lot of sense. Like how do you didn't seem possible. Now it is. Yeah yeah cool stuff all right well. We have reached the end of this episode tech news. Weekly thank you as always for watching and listening..