35 Burst results for "May 10Th"
Crypto Banter
A highlight from The Best Altcoins To Buy This Week! (Act Fast)
"This may not be the optimal market to start DCAing into coins for long -term holds, but right now is the optimal time for trading with a lot of amazing trade setups presenting themselves every single week. So in today's video, I'm going to run through the 14, yes, 14 trade setups, all of which are long setups this week, because you know what happens when you try to fight the trend, you get wrecked. This is a market where as long as the uptrend lasts, is your friend until the end of the trend. And that means we long more than we short. So today I have 14 long setups I want to discuss with you. Most of the setups are a little bit shorter term, like mostly focused on this week, but a couple are a little bit longer term, I would say like in the three to four month range. Not focusing on super long term trades here, but still definitely going to have some alpha for you in today's video as to what altcoins I think could be part of a rotation. As we're seeing right now, basically narratives hop from narrative to narrative as traders seem to be rotating profits into different sectors. And we're going to discuss where I think that rotation could take us. 14 very different altcoins in today's show. We're going to cover a couple narratives like gaming, like ZK, and hopefully you enjoy. Smash the like button if you are enjoying the content at the moment. Let's just start with Bitcoin. An interesting observation to make on Bitcoin is that the last time it had four consecutive weekly candles in a row to the upside, as you can see, like we have currently gotten, it actually did this in early January and ended up reversing for two weeks before continuing an uptrend. So I mean, just because it happened once doesn't mean we're necessarily going to get like a sustained pullback now. But I think what needs to happen and what the market is already starting to show us with weekly open here is that Bitcoin needs a little bit of a cooldown. Now a cooldown is not bad for altcoins. A cooldown, if Bitcoin just moves sideways, maybe a little bit down is actually good for altcoins because it gives the alt some breathing room. It takes the wind out of Bitcoin sales a little bit and gives the alt some room to run. So what I want to see longer term is definitely a sustained increase in Bitcoin dominance that shows liquidity is flowing into Bitcoin. And then eventually I want to see that siphon off into the alts. So I actually want to see dominance pushing up to 60 % for a really healthy market. So altcoins can have a sustained run. But for now, if Bitcoin just cools and alts run a little bit, that's okay for now. Another interesting thing to note is that Bloomberg analysts still expect a 90 % chance of a Bitcoin spot ETF approval by the 10th of January. At the moment, the SEC has another five days to approve an ETF. If they don't approve it, then they're going to have to delay until January. So we could see an approval this week. I don't think this will be the case, but it is a possibility given the fact this week we are in an approval window. So definitely look for some volatility on Bitcoin. All right, let's get into the official list of altcoins that I'm looking at my weekly watch list. By the way, this is a show that I've been doing pretty much every week, but obviously now there's extra attention on the show because we're finally getting some market movers. If you looked at my watch list last week, basically I think six out of the seven tokens that I listed all ended up in profits. We had some amazing trades from that watch list. So congratulations to everyone that got involved there. Hopefully from this week's watch list, similarly, we have some good trades that come out of this one as well. The first place I want to start is ThorChain. What you need to understand about ThorChain is that it's the ultimate bull market token. Because of its reflexive mechanism, the more capital that goes into Roon, basically the better the yields end up being because they need to incentivize LPs to stake tokens in the pools to balance out the Roon LP because Roon is pumped in price, right? So when you have a higher APR, a lot of people ape into Roon, increasing the TVL. We can see the TVL is skyrocketing at the moment, as you can see here. And what that means is that Roon has this really explosive effect, this compounding effect, this flywheel when the market starts to deposit into Roon. So Roon is actually pretty much the ultimate bull market token. In a bear market, it's the opposite. It's one of the worst tokens because it gets hit really hard the other way. When the Roon price is going down, the yields tank. A lot of people exit the ecosystem because remember, to facilitate omni -chain swaps, what Roon does is it basically has LPs where you're required to hold an asset one to one with Roon. So if you want to swap from, let's say, Ethereum to Bitcoin, you're going to need in the omni -pool your Roon pairing with Ethereum and Bitcoin in order to facilitate that swap. So that's why in a bull market it does really well and in a bear market it does really bad. Because we're in a bull trend at the moment, Roon is clearly performing really well. It's one of the strongest performers in the market at the moment. And for that reason, if we do see a pullback like we're seeing right now, this is one that I'll look to ladder into on continuation. As I mentioned at the start of the video, this is really a traders market and it's a market where you probably want to be longing more than you are shorting. And when we're longing more than we're shorting, we want to look at the strongest coins. There are a few rotational players that I want to talk about but you generally want to look at the strongest coins and on any major pullbacks you can use them as dip buying opportunities, not for spot but for trades only. So depending on your risk tolerance, you can use different amounts of leverage. Some people, if you have more capital, you'll prefer spot trading. For me, I actually do a fair bit of spot trading so I might go in with a bigger position or a low leverage position because I don't want to get wicked out like we saw on the 10th of November. But here are some levels that you can look at to enter Roon on the pullback. The major level I'm looking at is this cross section here between the horizontal and the upwards diagonal trend which comes at around $4. If Roon somehow makes its way back down there, I don't think it will. This would be an amazing zone to do some buying. If not, then you do have this zone right here at the 4 .7 area that could be an interesting look as a small ladder in zone. You could probably ladder in here and then your last gasp is at $3 .60. If it starts breaking this trend, then that looks really bad that it's just going to reverse all the way back down. I don't think that's going to happen though. I think momentum for Roon has been upwards and as such, we should treat it with respect and it's certainly what I'm looking to have a nibble at if we continue to get any sort of sustained pullback in terms of trading, of course, not long -term. Long -term positions will be on more key high time frame supports. If you want to learn a bit more about that, I actually uploaded a video called If You Miss The Crypto Rally Follows This Exact Roadmap, which talks about long -term investing. So today is the short -term show. Yesterday, if you go onto the channel and go onto my playlist, and there's also a playlist linked in the description, that will give you a roadmap for the spot side of things. In terms of buying spot Roon, you want to be doing so on key support levels on the higher time frames because we don't like to buy long -term positions on the shorter time frames. It just doesn't make or the lower time frames. It just doesn't make any sense, right? 4 swaps an interesting play now starting to wake up as well being the main decks on Roon. This is definitely a 4 beta play or a Roon beta play rather. So 4 is definitely what I'm looking at in a similar gist to what I'm doing with Roon. Any major pullbacks probably going to gobble them up from a trading point of view. And you can also see they closed with an all -time high trading volume right now. A lot of people are actually using Roon to swap, which is an amazing thing and great for the ecosystem. So that's Roon. Now I want to talk about Solana because Solana is in a similar position to Roon in the sense that being one of the most explosive price movers. But it's kind of an interesting spot, right? Because it's come all the way up from what $15 to $53 in price. It actually hit $60 for a brief period of time. Spot holders don't know if they should take profits here. Traders don't know if they should be longing here. It's kind of in a weird position. But if we look at Sol, we can see that it broke above the key weekly resistance at the $48 level. So for me, a pullback into this zone similar to a buying opportunity, because I think what tends to happen with these coins is the most explosive move happens last. We haven't, I don't think seen that blow off top yet. And I may be wrong, this $65 zone could have been this blow off top. But I still have a feeling that we get that final thrust from Solana that just squeezes all those shorts that are now starting to pile up a little bit. And that will be your final blow off top for Solana. So because I think there's a tiny bit of juice left in the lemon here, I would be looking at any major pullback similarly to Rune continuing to ladder in until the trend reverses. Happy to kind of lose a bit of money trying to play this game considering that the upside is fairly immense in my opinion, if you can hit that trade. So Solana is one that I'd be interested in longing on a major pullback. You know the key level on the weekly. Obviously, you want to confirm that with lower timeframe trade setups because you have a fantastic level to look at. And on let's say the one hourly, the four hourly, that's when you'd actually be entering. Okay, let's move on to a new subset of tokens. These are the tokens that haven't moved. I know Rune and Solana have moved aggressively and we are playing the by the dip game, I guess on those ones. But some of the coins I want to talk about now actually haven't really moved. Now they have moved because the whole market's moved, but just not as much like Polygon hasn't done a 5x like Solana has or you know, 6x, 7x like Rune has. It is significantly up of course, but there is a really interesting narrative starting to brew here and that's the ZK narrative. So if you actually remember back to earlier in the year, January, February, some of the strongest performers alongside like AI and LSDs were the ZK coins. There was a lot of ZK hype and Matic being your biggest coin in this ZK basket of coins tends to be a market leader and it also happens to have this big announcement happening on November 14th which is garnering a leader of the ZK sector if ZK starts to wake up. Because right now we're in this rotational market, we saw Solana rotate into Avalanche, we saw that rotate into Phantom, we saw gaming pop off, we're seeing all these narratives pop off, AI popped off last week. I think next, a narrative that hasn't really popped off, but one that did in January is ZK. So Matic's definitely one of them. In terms of trading this, you do have your major support at 76, but what I would be more interested in is a break of the 92 cent level on the four hourly. Any confirmation above this level would be a decent entry in my opinion and you can see this level mapped out on the daily chart as your key resistance that we're currently trying to test at the moment. If we break that level, then suddenly we can look at a scenario that happened earlier in the year in February, as I said during that ZK run, where Matic ran all the way to 150. A 150 Matic in this run is not out of the question at all. In fact, I think it could happen if ZK gains steam. So that's what I'm keeping my eye on. Now let's talk about some of the other ZK protocols, but before we get into that, while we're speaking on the topic of Polygon, if you do want to earn any yield on the Polygon side, you can go to the farming page on SmartX, which is one of our official show partners. It's an AMM, which reduces the negative effects of impermanent loss and sometimes leads to impermanent gain that currently offers some of the most competitive, in fact, the best rates on the Polygon side for yield farming. So you can see in front of you, you've got 30 to 40 % APRs on a variety of pools, which as I said, have a mechanism which reduces impermanent loss, which is obviously one of the biggest headaches when it comes to Lping in crypto. So I highly recommend using the link in the description below to check out SmartX if you are interested in farming, or you can also do swapping on SmartX and get some of the best swap in the market as well. Link in the description below to check out SmartX. I've got some big announcements coming soon that I'm excited to share with you as well, so stay tuned for that. So let's talk about some of the other ZK protocols. So if Matic starts to make a run here, what will I long? Well, I'm going to long the leaders. I'm not going to try and pick the laggards in this sector. I want to pick the strongest coins in this sector. If we look back to the last run, as I mentioned at the start of the year, some of the best performers were Mina Protocol, Loop Ring, Nute and Dusk. So these are the ones I'm looking at because the market's really familiar with them. I think there's a bit of synergy here with that narrative in these coins. So those are some of the ones I'm looking at. But whatever leads in this sector after Polygon, those will be the ones that I'm interested in. And you can see Polygon and Immutable, the two biggest ZK protocols have run, but a lot of the others haven't run yet. So I think it's a narrative that's flying slightly under the radar, but I think it'll catch up quick once it starts to gain steam. So as a rotational play, this is definitely one that I'm interested in this week. Another one I'm interested in, which is already starting to pump, but probably has a little more upside left in it, is Sei Network. Now we know how explosive these career pumps have been in recent times. Pretty much every token that's been listed on Korean exchange a bit has exploded. We saw this earlier in the year with Sui and Aptos. We've recently seen it with Mina Protocol. Now we're on its pair on Upbit. So Sei is definitely one that I'm watching. It's catching a strong career pump. It has moved, but Sei is what I would call a new coin, right? It's a coin that has launched in the bear market. It's newer. It has pumpermentals because there's less underwater bag holders, and it still is down from its original trading price on its first day. Not from IDO price, but from the peak that it hit on its first day because it had a huge pump, ended up coming back down. It did hit its low of, what is it, like 0 .09 here. It's now started to move back up to 0 .15, but that's less than a 2X on a coin that has, as I said, pumpermentals. It's obviously a trading blockchain built in the Cosmos ecosystem. So some interesting stuff with Sei. If you do want an entry here, I mean, you could look to get an initial position, but if you're using leverage, you want to be careful. I mean, this is kind of not really a great place to trade. Obviously on one hourly, you might be able to find, it depends how, like if you're trading breakouts, you could probably look for like a breakout of this trend here. By the time you're watching this video, it might be too late. So the best I can do for you is actually looking on the four hourly and showing you these key support levels. The 0 .1344 level, if we do get some sort of confluence with the horizontal and diagonal trend here, this would be a great pocket to buy in. But any zone along this major support zone will be an area that I load up, but it does depend on your trading strategy. If you are a high leverage trader, you want to be a lot more precise. Me, I'll either go in this with spot or super low leverage. So I'm not so concerned about getting the exact entry. I'm just trying to really catch it for the uptrend. So depends how you trade, of course, if you're trying to snipe that entry, got to be a lot more careful. For me, a much lower leverage than your average person because I found that's what works for me because I don't have time just personally to sit in front of my computer all day and snipe entries. That's not me. I much more size. So let's say instead of taking a 2k position, I'll take let's say a 10k or a 15k spot position. And then I can't get wrecked on margin, which has been helping me a lot. Or I'll just go in with like a 3x leverage position. So it would take a lot to shake me out of a trade. So that is one I'm looking at. Similarly to say another coin that has pumpamentals and has shown this in recent times as another new coin is Celestia. Remember guys, the new coins can pump so much harder than all coins in the market. That's why I've been saying for a long time, you should definitely keep your eye on the new coins from both accumulation and a trading perspective. Celestia, by the way, is one if you've been following me on Twitter that you may have gotten an airdrop for because I did an airdrop guide last year and I included Celestia and this could end up being one of the most lucrative airdrops of the year. Congrats to anyone that watched that guide or watch my tweet and got involved because right now if you held your Celestia bag, you'd won to $2 ,000 but for some people it could be a lot more if you use multiple wallets. So I think this one is fantastic and there's a few people that have been coming out and saying that it's this cycle's soul. Smartestmoney .eth, it's an account I respect. The number one coin m p &l trader on Binance, that's pretty crazy, that is very crazy actually, has added spot to a massive seed position quote unquote and basically said watch and learn wannabes. These guys out here buying salt while I'm buying the next Solana. Big call but I mean the market cap is reasonably valued 700 mil okay five bill fdvs a lot but we know in the short term the circulating supply definitely goes to dictate how explosive the price moves can be market cap 700 mils reasonable at rank 71 calling it the next soul I don't know I like this one I like it as a spot play but not maybe after this massive pump in terms of a trade though super interesting now actually on support trend you'll notice a lot of coins are following the same trend they have a diagonal up trend as long as they stick to that trend you long if they start to break down below you've got to be a little bit wary but they've also got these horizontal support levels that they make after their retracements so this is actually a good one too long there's a couple of levels here for you to look out for on the one hourly on Celestia so that's an interesting one and let's move into some of the final narratives here I've got two more to share with you and both of these include a variety of alt coins so the first one is perpetuals I think if this volatility is to remain in the market we could definitely see perpetuals performing well we're starting to see a catch up in terms of price and fundamentals despite that not being the case a couple of weeks ago and if you see in front of you volume is performing really well this is purpose trading season this is an on -chain aping season this is the season where people are trading perps I think the centralized exchanges are doing the best that's where most people are trading but I think decks could catch up and for this reason as well as the fact that I think volatility could remain for the foreseeable future I think the perp decks remain super interesting looks at the moment not for short -term trades this week but over let's say the medium term so two to three months maybe even six months so these are definitely ones I've got my eye on dydx I'm going to do a video on this week that's a very interesting trade GMX and gains network being the ones that are kind of your decks perp decks proxies and a few others and as you can see on the weekly a lot of these are barely moved so especially like GMX and games they're a very interesting look in my opinion and if you do want to snipe better entries on a coin like GMX I recommend you use Kyber AI which is a software that basically tells you the momentum of a coin based on a variety of on -chain indicators like the number and types of trades trading volume net flow to whale wallets and what I would do on a coin like GMX is essentially if you're lining up a buy and let's say you want to start buying when shifts momentum what I would look for is a pattern like this where it shifts from bearish into bullish territory now since this video is not live you're gonna have to open your up your own Kyber AI using the link in the description below to see where it currently is but right now this would actually be potentially an interesting place to long GMX if on the lower time frames it lines up with what the Kyber score is showing which is basically bearish price momentum shown by a strong reversal so heading back into bullish territory as you can see buys are now starting to outpace cells and volume is also up ticking across GMX all of those are metrics that go into the Kyber score Kyber score is one of my favorite metrics in crypto if you go to rankings you can actually sort by market cap I love doing this so I go more than 500 million for the large caps that you can actually trade perps on and you can see which coins are looking the most bullish this can help you get entries in the market especially in a bullish market like this searching for the bullish coins can be an amazing way especially using on -chain analysis to get better trading entries so link in the description to check out Kyber AI it's an extremely useful tool especially for confluence with getting trading entries and crypto bad to subscribers will get early access versus the rest of the pack so link in the description below of course it's free so not showing you anything paid it is a free service to use the last narrative I want to talk about quickly is one I think people are forgetting about it has had a bit of a pullback um but it's the gaming narrative into YGG the reason I say people are forgetting people aren't forgetting about gaming there's a lot of talk about crypto gaming on twitter but I think they're forgetting about one of the biggest gaming conferences in five days time starting on November 18th it lasts for a week there definitely could be some I mean a lot of the major projects are speaking there so there could be some interesting announcements and even if not I think there's bound to be hype into that conference so for that reason definitely keep your eye on the gaming projects there's two in particular that I like YGG because it's their conference and this is now having a pullback into a decent zone in my opinion and also GMT which on the weekly and I know once again you don't enter short -term trades on the weekly but on the weekly if it can pull back down into this pocket at 0 .22 and confirm this is support and if you line that up with your lower time frame indicators of course that could be a decent zone also to enter a GMT trade so gaming is something I'm not going to fade the bees are kind of going from one narrative to another but gaming is one that I've got my eye on ahead of the conference so I hope you enjoyed this video these are all the narratives I'm looking at right now mostly short -term some medium to long -term hope you enjoyed this was fast it was alpha packed let me know in the comments below if there are any other coins I should look at and I'll see you in the next one. Peace out.
The Podcast On Podcasting
A highlight from Ep409: Top 5 Benefits of Hosting A Podcast - Nathan Payne
"It's kind of difficult to see like what works. So we just put out as much as we can. And I believe with consistency and with the right SEO titles, it's going to grow inevitably grow bigger and bigger and bigger. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, podcaster? It's your host, Adam Adams. And today I'm joined with Nathan Payne. And he owns a company, Painless Flipping, the podcast Painless Flipping. And we're going to be talking about what he does, how he does it and how his podcast supports his business, because he also does coaching and mentoring to help people flip houses. First and foremost, Nathan, what is even flipping a house mean? Just start there. Maybe the listener doesn't know what a house flip is because they've never driven by and seen a house upside down. So for me, there's like two meanings to house flipping, right? There's like flipping a contract, flipping, you know, a house, right? Or actually like getting a hammer and flipping a house, like getting a hammer, doing the rehab, doing that. I look at both of them the same, right? Like it doesn't really matter the extra strategy. We look at real estate, we get a property and we determine the best way to make money. And if that's flipping the contract and wholesaling it, if that's assigning is another where a lot of people call it assignments or fixing and flipping yourself, like on HGTV. So to answer your question, either one of those. Okay. So HGTV is what we need to be thinking about if we want to know what you do, half of what you do. So I teach people how to flip a contract, how to assign a contract. But again, eventually what you're going to do is pick out which one is going to make you the most money. Sometimes it's going to make you more money to actually physically flip it yourself versus just selling the flipping the contracts or signing it. So, but I teach people that are brand new, how to flip a contract, assign a contract, wholesale it because it doesn't require any capital. There's this guy, his name is Matt Theriault and I used to listen to his podcast a lot. And then I joined a mastermind that he's in. So he's become somewhat of a friend and he's got frequently talks about the difference between a slow dime and a fast nickel. Have you heard that too? I have, yeah. In this case, if you're flipping houses or flipping contracts, like wholesaling a house, why would you choose the fast nickel sometimes or why would that make you more money sometimes? Well some people don't have the luxury to flip five and when I say flip, like physically flip and rehab five properties at a time, right? Because that requires money. So that's the slow dime, right? The fast nickel would be wholesaling it because you have three projects or you have one project and you need to keep the cash coming into your business. So that's the difference. I've had that happen in my business where it's like, Hey, I got marketing spend going out. I would like to flip this house. I just don't have the luxury to do that and on the money. So I need to get the money now. So basically another way to say it is like, you can make a third amount of the money in a 10th of the time. And so in a way you're making more per hour by wholesaling than flipping sometimes. Yeah. Again, it just comes down to what can you do? Like a lot of people overextend themselves and they flip more properties, they rehab more properties and they have the bandwidth to do and they get themselves in trouble. It's the same thing with people that buy single family properties, right? They follow the Kiyosaki model and they're like, yeah, let me just over leverage myself. I don't have all the money and if the tenant leaves or destroys a property and you don't you're in trouble. So you just got to be careful that you keep that cash coming in. Cause cash is what enables the business to keep running. And then you have a secondary business that coaches and supports other people to be able to learn how to make the fast nickel. Yeah. Yeah. And a lot of what I teach is like how to get, yeah, the fast nickel cause a lot of people, they start in what I believe wholesaling, they start the wrong way. They just go and spend a ton of money on marketing and they're like, let me go find a deal. And it's like, Hey, you're jumping past a lot of steps here just cause you can pay $10 ,000 on mail. Like I did when I first started, it doesn't mean you know how to handle incoming leads. It doesn't mean you don't know what price to buy them or who to wholesale them to. So I try to get people to say, Hey look, before you jump into all that marketing, let's make sure you understand the process of finding a buyer to make sure you know what a deal is. Yeah. So that's what I teach people. I did a whole bunch of flipping and all sorts of random stuff, apartments, self -storage units. I did a flip on a mobile home and I learned that you can't sell mobile home parks that were older than a certain year to FHA buyer. And I learned the hard way, but I also tried wholesaling and I did it the wrong way. I didn't use your coaching. The painful way, huh? You did it the painful way, not the painless way. So we had spent five grand a week for three weeks. We got one deal out of it, five grand a week on direct mail, by the way, to the listener who's wondering, this meant that we did these little tiny postcards that I think costs us like 26 cents each ish to get them sent out. And we sent out thousands and thousands of these multiple times to multiple people. And one person called us back. We got their house under contract. We flipped it. We made six grand and then we quit. We never tried it again. We were like 15 grand to make six grand. So yeah, I definitely like that for your strategy, you're teaching people how to make the money without spending as much money, right? Yeah. Cause again, like when I first started, same thing with you, like I actually got a coach and they're like, Hey, mail unknown equity. So we're like, okay, great. He said to mail $5 ,000, let's double it because that will double our chances of getting a deal and making more money. So we spent 10, got about four calls or like five calls. You know, sometimes the response rate mail can be terrible, especially in Utah. It's not very good. But later to find out and we didn't get a deal. So it's like a lot of people starting out when they spend 10 ,000, they're not able to really recover or don't want to recover from that. So for me, like my mission is to be like, Hey guys, you can do that. Just don't start off that way. A lot of good stories saying that they did well, but they don't tell you that they spent 50 K and got a 60 K deal, but really their profit will 10 ,000, but really is a 10 ,000 like after all the time and the heartache and all that stuff. Well, yeah, we had two or three of us that we need to split six grand with doesn't make very far. Does it? I love that you're doing that. Another mistake that I made is I didn't have hire any coach, so we just went and did it on our own just from listening to a couple of podcasts only. I really suggest that if somebody is going to want to do something like that in the real estate industry, like they probably ought to have a coach, a mentor in their corner that could really support them. So you started doing that and I want to understand like how this all works with your podcast.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1459: THIS Is Why BlackRock Is Betting So BIG On Bitcoin
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and quoting the high priest of Bitcoin, Max Keiser. If Michael Saylor move micro strategy to El Salvador, the tax break would allow him to buy more, much, much more preach. Also in today's show, FTX files a billion dollar lawsuit against Bybit over asset withdrawals. I'll be breaking this down for you, as well as former Goldman Sachs executive Raoul Powell says Ethereum is about to outperform Bitcoin as crypto enters late spring. We're also going to be discussing crypto analyst as Bitcoin is flashing a signal that previously sent Bitcoin on a rally over 400 percent. Send it. Let's freaking go. We'll also be sharing the big question with the Bitcoin price action hit one hundred thousand dollars by twenty twenty four. I'll be sharing with you the potential drivers to turn this to a reality. We're also going to be discussing why BlackRock, the world's largest asset manager, is betting so big on Bitcoin. Also, Michael Saylor was just recently asked during his November 10th speech at the twenty twenty three Australia Crypto Convention to provide his prediction for Bitcoin regarding the price trajectory over the next coming years. I'll be breaking this down for you. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group and PayPal. Wondercraft AI Voice here to give you three crypto markets takeaways from last week. And stick around, at the end we'll have additional analysis from Connor Farley, CEO of Truvius. First, Tracy Stevens of Coindesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The crypto asset class continued its upward trend with the Coindesk Market Index, registering a 7 .4 % increase so far this week. This surge brings the 185 -asset Broad Market Index's year -to -date gain to 98%. Ethereum also surpassed the $2 ,000 mark yesterday while Bitcoin is now hovering around $37 ,000. Shared Storage Protocol Storj, up 74 % week -to -date, stands out as the top -performing asset in the Coindesk Market Index this week and is up more than two times this year. Among the large -cap digital assets in Coindesk Market Select Index, LINK and MATIC, both up 23 % week -to -date lead. Meanwhile, APE, down 5 .4 % week -to -date, and XLM, down 1 .9 % week -to -date, have failed to participate in the continuation of the Broad Market Rally. Stay tuned. After the break, we'll bring you expert analysis on this week's takeaways, provided by Connor Farley, CEO of Truvius. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. Participate in the Crypto Classic Trading Challenge from December 10th through December 15th for the chance to win cash prizes. Compete against your peers while test -driving your crypto strategies in a risk -free simulated environment. Visit cmegroup .com slash crypto classic to find out more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes. Introducing PayUSD, PayPal's stablecoin. Designed for digital payments and Web3 transactions, PayUSD is the only stablecoin supported by PayPal. Built on Ethereum, it's compatible with widely used wallets, exchanges, and dapps, and fully backed by US dollar deposits and cash equivalents. Eligible US PayPal customers who purchase PayPal USD are able to transfer PayPal USD between PayPal and external wallets, send PayPal USD to friends in the US on PayPal or Venmo without fees, shop with PayPal USD on millions of sites, convert any of PayPal's supported cryptocurrencies to and from PayPal USD. Whether you are a crypto expert or a newcomer, PayPal provides a secure and convenient platform for your crypto transactions. Start exploring at paypal .com slash pyusd. Connor Farley of Truvius writes, Fundamentals -driven valuation frameworks for crypto assets are emerging both within and across different sectors of the crypto market. The pending regulatory approval and institutional offering of vehicles for exposure to mega -cap assets like Bitcoin and Ethereum is an important first step toward broad -based investor adoption. But the next step involves unlocking broad, diversified exposure to all sectors within the crypto economy. It is critical not to overlook the fundamental value of blockchain -powered technologies that are driving new business sectors like decentralized financial services and smart contract platforms. Cutting -edge investors should develop investment strategies for these sectors. Market commentators often generalize non -mega -cap crypto assets as altcoins, primarily owing to the nascency of the asset class and the learning curve associated with its mosaic of use -cases. However, this generalization overshadows the significant opportunities for data -driven relative value comparisons both within and across various sectors and assets other than Bitcoin and Ethereum. For example, while news coverage converged on Bitcoin and Ethereum ETF speculation this week, crypto assets within the CoinDesk computing and smart contract sectors including Chainlink, Cosmos, Polygon, and Solana, which all have circulating market capitalizations in the billions of dollars, meaningfully outperformed the two heavy mega -caps. From a fundamentals perspective, over the last week, Polygon saw healthy network usage and stronger centralized exchange flows activity relative to peers. Solana and LINK exhibited strong price momentum and were also aided by relatively stronger activity from software developers contributing to these projects over the quarter. Like what you're hearing? Head on over to coindeskmarkets .com for more. We'll see you tomorrow. For more crypto podcasts, check out the CoinDesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a 5 -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Eleanor Paul, with executive production by Jared Schwartz. I'm Noelle Atchison for CoinDesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
A highlight from CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group and PayPal. Wondercraft AI Voice here to give you three crypto markets takeaways from last week. And stick around, at the end we'll have additional analysis from Connor Farley, CEO of Truvius. First, Tracy Stevens of Coindesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The crypto asset class continued its upward trend with the Coindesk Market Index, registering a 7 .4 % increase so far this week. This surge brings the 185 -asset Broad Market Index's year -to -date gain to 98%. Ethereum also surpassed the $2 ,000 mark yesterday while Bitcoin is now hovering around $37 ,000. Shared Storage Protocol Storj, up 74 % week -to -date, stands out as the top -performing asset in the Coindesk Market Index this week and is up more than two times this year. Among the large -cap digital assets in Coindesk Market Select Index, LINK and MATIC, both up 23 % week -to -date lead. Meanwhile, APE, down 5 .4 % week -to -date, and XLM, down 1 .9 % week -to -date, have failed to participate in the continuation of the Broad Market Rally. Stay tuned. After the break, we'll bring you expert analysis on this week's takeaways, provided by Connor Farley, CEO of Truvius. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. Participate in the Crypto Classic Trading Challenge from December 10th through December 15th for the chance to win cash prizes. Compete against your peers while test -driving your crypto strategies in a risk -free simulated environment. Visit cmegroup .com slash crypto classic to find out more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes.
The Breakdown
A highlight from Markets Surge as BlackRock Files ETH Spot ETF
"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 Friday, November 10th, and today we are talking about BlackRock's Ethereum ETF filing. 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, happy Friday. Before we dive in, I just have to give you a little bit of information about the show and the weekend. Unfortunately, this show is going to be a little bit shorter than normal and there will be no weekend episodes. Late last night, I started having to deal with an unexpected family situation that has wanted to round out the bullish end to this week and really capstone our shift away from the SAM -based world of last year and face forward into what's coming next. With that in mind, on Thursday morning, news broke that BlackRock had registered an entity called the iShares Ethereum Trust in Delaware. Although representatives for BlackRock refused to comment, the filing appeared legitimate. It named the Managing Director of BlackRock Advisors as the filing agent. There was initially some skepticism at first and people not sure if it was rumors, but suspicions were confirmed in the afternoon after markets closed when it was revealed that BlackRock had filed to launch a spot Ethereum ETF. Now this is not the first spot Ethereum ETF to be filed. A few months after the flurry of spot Bitcoin ETF filings in June, asset managers doubled down on crypto products with matching Ethereum filings. VanEck, ARK Invest slash 21 shares, Hashdex and Invesco slash Galaxy Digital all have applications awaiting approval. There's also a conversion application for Grayscale's Ethereum Trust filed with the SEC. The difference with BlackRock's application is, of course, that they are BlackRock. They are an order of magnitude at least larger than the other asset managers. And of course, what that means, at least according to the markets, is that these ETF applications are not merely speculative but actually stand a good chance of being approved. BlackRock's track record speaks for itself. The firm has filed over 570 ETF applications with the SEC and all but one of them have been approved. Now the rationale for the legality of a spot Ethereum ETF is the same across all of the current applications. Following the Grayscale court decision, it seems that the approval of spot Bitcoin ETFs is almost assured to happen. The court found that there was no material difference between spot Bitcoin markets and futures markets. As the SEC had already approved futures based Bitcoin ETFs, they had no reason to deny spot based products. Ethereum futures markets have grown massively over the past few years, achieving a similar size to Bitcoin futures in 2021 when those ETFs were approved. Partly due to this increase in market size, a large number of asset managers were able to launch futures based Ethereum ETFs last month. So then, using the same logic that was deployed in the Grayscale lawsuit, Ethereum spot markets are obviously tied to futures markets. This would dictate that spot based Ethereum ETFs should be approved to trade alongside their futures based counterparts. Nate Grassi, the president of the ETF store, put it more succinctly in a tweet. Grayscale Courtwin plus SEC approval of Ether futures ETFs should equal spot Ether ETF approval. Now BlackRock pointed to this argument specifically in their filing, stating that, quote, given that the SEC has approved ETFs that offer exposure to ETH futures, which themselves are priced based on the underlying spot ETH market, the sponsor believes that the SEC must also approve ETPs that offer exposure to spot ETH, end quote. Now, if the BlackRock application is approved, it will include a market surveillance agreement with Coinbase to monitor spot markets for manipulation. BlackRock also leaned on existing surveillance sharing agreements with the CME Ethereum futures market that are present in the other products. They wrote in their filing, Ether CME surveillance can detect spot market fraud that affects both futures ETFs and spot exchange traded products, or that surveillance cannot do so for either type of product. Having approved ETH futures ETFs in part on the basis of such surveillance, the SEC has can detect spot market fraud that would affect spot ETPs, and the sponsor thus believes that it must also approve spot ETH ETPs on that basis.
Ethereum Daily
A highlight from Rafts $R Stablecoin Suffers $3 Million Exploit
"Welcome to your Ethereum news roundup, here's your latest for Friday November 10th, 2023 Raft suffers a 3 .3 million dollar exploit, Oboe Network will launch to main it open beta on December 1st, Aragon introduces a plugin for multi -chain governance, and an Etherrock NFT sells for 100 ETH. All this and more starts right now. Stablecoin protocol Raft experienced an exploit resulting in a loss exceeding 3 million dollars. Raft allows users to mint its rStablecoin through collateral depositions using Ether or Liquid Staking tokens as collateral. An attacker was able to mint 6 .7 million uncollateralized rStablecoins using a series of flash loans. The stablecoins were then swapped for ETH on Balancer. Unexpectedly, the attacker burned 1 ,570 Ether, valued at around 3 .3 million dollars, by transferring it to a null address. The Filema engineer 0xNGMI noted that the burn led to a net loss for the attacker. Raft has since halted the minting of new r tokens. Users who have active positions on Raft can still repay their positions and withdraw their collateral. Obel Network is set to launch its Mainnet Open Beta on December 1st, allowing anyone to operate distributed validators on Mainnet. Distributed validators, which distribute a validator's key across multiple nodes, enhance Ethereum's fault tolerance by ensuring continued validation even if a node in the cluster goes offline. Obel also introduced the Obel SDK, a TypeScript tool for creating and managing DV clusters, and Obel Splits, a series of smart contracts for handling reward, principal, and fee allocation within DV clusters. Obel is also launching a credential program for validators who successfully complete DV -related tasks. Argon introduced a multi -chain governance plugin that uses Layer 0 for cross -chain messaging and zkSync era for cost -effective vote settlement. The plugin allows DAOs to manage assets and permissions across multiple EVM chains from a single Mainnet DAO contract, helping improve cross -chain protocol governance. The plugin is open source and will be available on the Argon app in early 2024. And lastly, an Ether Rock NFT sold for 100 Ether, which is equivalent to about $209 ,000. Ether Rock is a collection consisting of 100 NFTs, each featuring a distinct clip -art image of a rock. The collection was originally created in 2017. Following the sale, the minimum price to acquire an Ether Rock NFT is now 150 Ether. In other news, Poloniex suffers a $120 million exploit, RISC -0 introduces Bonsai Pay, and ERC -7556. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Coronavirus
A highlight from Rafts $R Stablecoin Suffers $3 Million Exploit
"Welcome to your Ethereum news roundup, here's your latest for Friday November 10th, 2023 Raft suffers a 3 .3 million dollar exploit, Oboe Network will launch to main it open beta on December 1st, Aragon introduces a plugin for multi -chain governance, and an Etherrock NFT sells for 100 ETH. All this and more starts right now. Stablecoin protocol Raft experienced an exploit resulting in a loss exceeding 3 million dollars. Raft allows users to mint its rStablecoin through collateral depositions using Ether or Liquid Staking tokens as collateral. An attacker was able to mint 6 .7 million uncollateralized rStablecoins using a series of flash loans. The stablecoins were then swapped for ETH on Balancer. Unexpectedly, the attacker burned 1 ,570 Ether, valued at around 3 .3 million dollars, by transferring it to a null address. The Filema engineer 0xNGMI noted that the burn led to a net loss for the attacker. Raft has since halted the minting of new r tokens. Users who have active positions on Raft can still repay their positions and withdraw their collateral. Obel Network is set to launch its Mainnet Open Beta on December 1st, allowing anyone to operate distributed validators on Mainnet. Distributed validators, which distribute a validator's key across multiple nodes, enhance Ethereum's fault tolerance by ensuring continued validation even if a node in the cluster goes offline. Obel also introduced the Obel SDK, a TypeScript tool for creating and managing DV clusters, and Obel Splits, a series of smart contracts for handling reward, principal, and fee allocation within DV clusters. Obel is also launching a credential program for validators who successfully complete DV -related tasks. Argon introduced a multi -chain governance plugin that uses Layer 0 for cross -chain messaging and zkSync era for cost -effective vote settlement. The plugin allows DAOs to manage assets and permissions across multiple EVM chains from a single Mainnet DAO contract, helping improve cross -chain protocol governance. The plugin is open source and will be available on the Argon app in early 2024. And lastly, an Ether Rock NFT sold for 100 Ether, which is equivalent to about $209 ,000. Ether Rock is a collection consisting of 100 NFTs, each featuring a distinct clip -art image of a rock. The collection was originally created in 2017. Following the sale, the minimum price to acquire an Ether Rock NFT is now 150 Ether. In other news, Poloniex suffers a $120 million exploit, RISC -0 introduces Bonsai Pay, and ERC -7556. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Tech Path Crypto
A highlight from BlackRock Bitcoin ETF in January | Larry Fink Is Confident
"All right, so things are cooking in the market right now, Bitcoin, Ethereum, what we're doing and watching with Solana. We'll break down a lot of things for you guys today, but it's all going to be built around the narrative of the ETF, when and how much of an impact it will have on the markets. My name is Paul Baron. Welcome back to The Tech Path. All right. A couple of posts we'll get into. I want to kind of flow along here. There's going to be a lot happening today. Before I get started, I want to thank our sponsor, and that is iTrust Capital, if you guys are looking at long -term holding. In an IRA, this is one of the places to check out. You can hold Bitcoin over there, precious metals, altcoins, all sorts of things. It's all self -directed over there, very easy to use. All you have to use is our link down below. Get a $100 funding reward if you decide to go in on that. Low fees too on your transactions inside, no fees on a monthly. So just think about that. Let's go over to a couple of tweets here. I want to start off with Mike Allred, or Alfred. Mike had a very interesting tweet here, and I follow this guy. I would say he's a Bitcoiner, and he had a really good position point here on the first of November. FOMC press conference over, Jerome is off stage. Markets are not following the familiar script of dumping through the close. This is the turning point. Yields will fall, the dollar will top, and Bitcoin and equities will rip through the year end. Basically, Mike called it, and I think he's exactly right, what we did see in terms of yields starting to fall. In fact, we saw a fairly significant jump down in yields. If you look at what Joe Consorti was talking about, this is a good example, people are losing faith in US creditworthiness even after the 10 -year yield has fallen by 51 bips. So that to me is some of these nuances that happen in the traditional markets that start to move things around. It also starts to loosen up capital on the sidelines, and that's what you're watching right now. Then if you look at the comparison of where things are going around Bitcoin, because some people are saying Bitcoin could make it to 50K, and part of this will look at, of course, the ETF, the likelihood of getting an ETF before the end of the year. Even though our friends at Bootbar still believe that that's like a 70 % probability, I feel like this is probably going to roll into that January 10th date, and when it does, I think that is the key. Now, what does that mean between now and then? I think that is the big question for sure. Fox Biz says BlackRock is growing increasingly confident in the spot Bitcoin ETF approval by January. Listen, they're having conversations with the SEC, there's a lot of back and forth dealing with this. Ed Gasparino talking about this. Everybody on Wall Street is talking about this. If this does not happen, this would be one of the biggest fails, I think, on Wall Street in combination with the SEC, maybe that we've ever seen in the history of Wall Street. Other things to be watching for, and this is something that Seifert and I talked about the other day when he was on. Just in, French investment bankers receive an email from BlackRock promoting a webinar for their iShares that swap ETF products on November 15th. This is within eight days of a spot Bitcoin ETF approval window. This is something that Seifert and I talked about, Bloomberg analysts, and the questions that have kind of been brewing is that there's been a lot of advertising, they're called RFPs, and if you're in the media business, you know what that is, but there's been a lot of RFPs coming in asking about certain windows of time and how quickly you can activate ads. This to me, what is it? Because normally this is a year -end kind of thing, and year -end, sure, there could be a scenario where people are just blowing the rest of a budget that they've already allocated, but these seem to be very targeted and very specific, and when you get those kinds of RFPs, which we've received, then I'm always questioning, what are they looking for? What exactly is going on? That usually tells me there's a campaign brewing, and what else is out there right now that could be brewing in terms of campaigns when it comes down to marketing, just like Seifert said, there's going to be a marketing bloodbath of who's going to try to position first, whether it's BlackRock, 21 shares, Fidelity, all the ones that we have out there in terms of the spot ETF. Here's another topic on Bitcoin. Here's how high Bitcoin could soar in the first year of its bull cycle. There's a course coming in from Michael Van de Poppe. A couple of things he's pointing to right here, we're getting ourselves into a period of the first year of the bull cycle, means that most likely we're going to see a high of around 50 to 55K. I would agree with that to a certain extent. There are some things, if you're not in our diamond circle, our most recent post where Evan and I actually did two analyses on this. Evan did an analysis on the TA side. We did an analysis on the sentiment side. Looking at the long -term sentiment run of Bitcoin in general, especially if you look at how it compares to other assets, and you compare that to new activity, meaning new people talking about a particular investment like Bitcoin, it's starting to ramp up. So does that mean that we could be seeing entry -level participants or people that haven't been active for a very long time coming back in the space, which could contribute to these kind of numbers in terms of 50 to 55K? We're also going to have a period where we have the altcoins are starting to wake up substantially. Obviously, I think everybody's watching Solana, Matic, Avalanche today. Those are all altcoins, and they're all in a very positive mode right now. And of course, Ethereum clipped over 2100. Most likely, we could see a 22 by weekend. So there's a lot happening there. Question will be, in between, are we going to see altcoins do really well? And we're starting to see some momentum. Will that last? And does it act like a typical altcoin season? That's the question mark that I think a lot of people are trying to compare, because if you look at past cycles versus this one and the one we possibly are moving into coming out of a bear market, a lot of people look at it in a different way because of all this new speculation around ETFs, regulation, structured capital, the coming of age of this asset class, all those things that did not exist in the last run between 2019 and 21. So at this point, confirmation of the bear market is over almost close to 100%, especially with the breakout of 28K. That was the one that basically held the 200 -week EMA. So definitely moving forward for sure.
The Café Bitcoin Podcast
A highlight from ICBC World's Biggest Bank, Hit by CyberAttack + Swan Private Macro Friday with Sam Callahan, John Haar, and Alex Stanczyk - November 10th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Dancic, and we're excited to announce that we're bringing the Cafe Bitcoin conversation from Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Lynn Alden, Corey Clifston, Greg Foss, Tomer Strohleit, and many others in the Bitcoin space. Also be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning. Welcome to Cafe Bitcoin, everybody. Happy Friday. Good morning, Sam. Happy Friday, guys. Peter, what's going on? Oh, you know, just recovering from yesterday's euphoria and, you know, trying to be humble about it. And I'm really I'm actually really wondering if if Custodia is going to, you know, potentially set a new example for how banks can do custody of Bitcoin. What makes you think that? Did you read their white paper? I did. I did not read the white paper. I have listened to Lisa Huff and Caitlin talk about it quite a bit. The reason I say it is because, you know, I watch a lot of influencers, I guess they are on on YouTube, and quite a few of them have mentioned Custodia as, you know, kind of a signal and a benchmark of of things that are coming. And, you know, there's other banks that I know want to get into the space because, you know, it's there's there's money to be made. Right. And when there's money to be made, people want to get in. And I'm just hoping that they kind of follow Custodia's, you know, protocol for for holding Bitcoin as a as a fully reserved bank. I think that's just I think that's amazing news, actually. I think it's I think it's a benchmark in in what's going on with with Bitcoin.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | What Would It Take to Get Bitcoin to $40K?
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Friday, November 10th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about crypto market dynamics, a possible Ether spot ETF, a shift in rates expectations, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. In crypto markets, yesterday saw a bit of a narrative pivot. After Bitcoin's strong surge yesterday, it pulled back, but is still up almost 6 % over the past week. According to Coindesk Indices, at 9 a .m. Eastern time today, Bitcoin was down eight tenths over the past 24 hours, trading at $36 ,962. Ether was where most of the large cap action was. Earlier today, Ether was up almost 8%, trading at $2 ,074. It is up 15 % over the past week. Ether's strong outperformance this week, yesterday and today, can be attributed to the news that BlackRock, the largest asset manager in the world, has filed for an Ether spot ETF. This step makes sense as, in principle, the same market factors that would approve a Bitcoin spot ETF are present for Ether. The asset is not as large in market cap or as liquid as Bitcoin. That is not a prerequisite for an ETF wrapper. And nor should the proposal be impacted by the lack of regulatory clarity around Ether, whether or not it is a security. The ETF shares will be securities. The underlying asset could be or not. It shouldn't matter. The SEC will be mainly concerned with market transparency, which is essentially the same for both assets. There could, however, be some issues around whether or not staking rewards could be distributed. That might become a legal question. As with Bitcoin, a listed spot Ether ETF in the US could bring in a lot of new demand, especially since Ether has notably underperformed Bitcoin so far this year. It's still early days in this process, and obviously the ecosystem can't count on SEC chair Gary Gensler's cooperation. But it's a very interesting development that could have an impact on the relative performance of Ether going forward. It seems to also be impacting what are known as Ethereum ecosystem tokens. Optimism is up 7 % over the past 24 hours. Arbitrum is up 4%. And the Lido DAO token is up 17%. In macro indicators, earlier this week, I talked about why we should pay attention to what US Federal Reserve officials are saying. Today, I'm going to focus on one particular official, Fed chair Jerome Powell. Speaking at an IMF conference yesterday, Chair Powell sounded more hawkish than many had expected. Hawkish in Fed speak means talking interest rates up, while dovish talk suggests rates will come down. I don't know where these terms came from, but I think of it as hawks generally fly higher than doves. Anyway, back to Powell. Many were expecting to hear the same sort of neutral tone that he had at the recent FOMC press conference, in which he said that long -term US yields could take care of some of the necessary tightening of economic conditions. Back then, 10 -year Treasury yields were above 4 .9%. Since then, largely encouraged by Powell's remarks and by signs that the jobs market is finally cooling, yields have corrected sharply, down to below 4 .5 % yesterday. So, it's fair to assume that maybe the Federal Reserve won't be so confident that it can pause because long -term yields are high when they're coming down. Sure enough, Powell's words yesterday included phrases such as, and I quote, if it becomes appropriate to tighten policy further, we will not hesitate to do so, end quote. Powell also stressed that the Fed was not confident that it had achieved the appropriate policy stance to bring inflation down to 2%. Basically, this was Powell telling the market that it was wrong to assume peak rates were in. Sure enough, yields started heading up again, passing above 4 .6 % yesterday. This morning, they are settling back and are currently at 4 .57%. Stocks also reacted, more than undoing the week's gains. In the US, the S &P 500 dropped 0 .8%, the NASDAQ dropped almost 1%, and the Dow Jones fell by over 0 .6%. Futures this morning are pointing to a modest recovery on the open.
Markets Daily Crypto Roundup
A highlight from Crypto Update | What Would It Take to Get Bitcoin to $40K?
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Friday, November 10th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about crypto market dynamics, a possible Ether spot ETF, a shift in rates expectations, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. In crypto markets, yesterday saw a bit of a narrative pivot. After Bitcoin's strong surge yesterday, it pulled back, but is still up almost 6 % over the past week. According to Coindesk Indices, at 9 a .m. Eastern time today, Bitcoin was down eight tenths over the past 24 hours, trading at $36 ,962. Ether was where most of the large cap action was. Earlier today, Ether was up almost 8%, trading at $2 ,074. It is up 15 % over the past week. Ether's strong outperformance this week, yesterday and today, can be attributed to the news that BlackRock, the largest asset manager in the world, has filed for an Ether spot ETF. This step makes sense as, in principle, the same market factors that would approve a Bitcoin spot ETF are present for Ether. The asset is not as large in market cap or as liquid as Bitcoin. That is not a prerequisite for an ETF wrapper. And nor should the proposal be impacted by the lack of regulatory clarity around Ether, whether or not it is a security. The ETF shares will be securities. The underlying asset could be or not. It shouldn't matter. The SEC will be mainly concerned with market transparency, which is essentially the same for both assets. There could, however, be some issues around whether or not staking rewards could be distributed. That might become a legal question. As with Bitcoin, a listed spot Ether ETF in the US could bring in a lot of new demand, especially since Ether has notably underperformed Bitcoin so far this year. It's still early days in this process, and obviously the ecosystem can't count on SEC chair Gary Gensler's cooperation. But it's a very interesting development that could have an impact on the relative performance of Ether going forward. It seems to also be impacting what are known as Ethereum ecosystem tokens. Optimism is up 7 % over the past 24 hours. Arbitrum is up 4%. And the Lido DAO token is up 17%. In macro indicators, earlier this week, I talked about why we should pay attention to what US Federal Reserve officials are saying. Today, I'm going to focus on one particular official, Fed chair Jerome Powell. Speaking at an IMF conference yesterday, Chair Powell sounded more hawkish than many had expected. Hawkish in Fed speak means talking interest rates up, while dovish talk suggests rates will come down. I don't know where these terms came from, but I think of it as hawks generally fly higher than doves. Anyway, back to Powell. Many were expecting to hear the same sort of neutral tone that he had at the recent FOMC press conference, in which he said that long -term US yields could take care of some of the necessary tightening of economic conditions. Back then, 10 -year Treasury yields were above 4 .9%. Since then, largely encouraged by Powell's remarks and by signs that the jobs market is finally cooling, yields have corrected sharply, down to below 4 .5 % yesterday. So, it's fair to assume that maybe the Federal Reserve won't be so confident that it can pause because long -term yields are high when they're coming down. Sure enough, Powell's words yesterday included phrases such as, and I quote, if it becomes appropriate to tighten policy further, we will not hesitate to do so, end quote. Powell also stressed that the Fed was not confident that it had achieved the appropriate policy stance to bring inflation down to 2%. Basically, this was Powell telling the market that it was wrong to assume peak rates were in. Sure enough, yields started heading up again, passing above 4 .6 % yesterday. This morning, they are settling back and are currently at 4 .57%. Stocks also reacted, more than undoing the week's gains. In the US, the S &P 500 dropped 0 .8%, the NASDAQ dropped almost 1%, and the Dow Jones fell by over 0 .6%. Futures this morning are pointing to a modest recovery on the open.
What a Weird Week
A highlight from The What a Weird Week Show: Sneakers, Chainsaws, Green Slime! Friday, November 10th 2023
"It's the What a Weird Week show for Friday, November the 10th, sneakers, whales and iron claws. Hi, everybody, it's weird. This is like crazy news here. Really weird, weird tale. Well, I got a great show for you today. It was so wonderful. Weird stuff. Hi, friends, I'm Scott, and this is the What a Weird Week show. We do a top 10 countdown of weird news that happened this past week. Maybe some of these stories didn't even show up in your newscast, and now you can get caught up in all the weird stuff. If you want links or things, if you want things, show notes dot page, show notes dot page. All right, let's get it going. What a weird week for Friday, November the 10th season something episode can't remember. Number 10 is the Nike lawsuit. Nike is suing New Balance and Skechers for patent infringement. This is about sneakers and technology in our sneakers. I'm not a lawyer, but my paraphrase is Nike is saying you stole our idea and New Balance and Skechers are saying they're sneakers. They go on your feet. Come on. You don't have the worldwide rights to feet. I don't know. That's kind of it. You can read the article. The link is in the show notes. Quote from the article, Nike's Flyknit technology uses high strength fibers to create lightweight uppers with targeted areas of support, stretch and breathability. End quote. I feel like those are good qualities to have in a shoe that could possibly, if you've ever had smelly shoes going on before in your life, breathability, yes, support. Who doesn't want support? Stretch after the end of a long day and a lot of salt, yes, you want stretch. All good qualities. Nike says whatever is happening there with the other, with their competitors, it is stolen. It is all patented technology that has been stolen. So to be continued on that front, by the way, Nike has already sued Adidas or Adidas, depending where you're at. I don't know how you pronounce it. Puma and Lululemon, they've all been sued by Nike concerning patents on Flyknit technology. Adidas, Adidas and Puma have settled Lululemon. That's a case that is still going on. It's a big old shoe showdown, you guys, a shoe down. I'm scared it's going to drive up the cost of shoes. Next they'll be coming for our Crocs. Number nine is the chainsaw wielding thieves in the news and what they're thieving. It's all of trees. It's all of trees, you guys, they're stealing all of trees. Not maybe what you thought first off when you're hearing chainsaw wielding thieves or whatever. Maybe that's exactly where you went to. I was surprised. I was click baited a little by that headline. The price of olive oil is getting high enough that thieves are thieving that stuff sometimes with chainsaws, chopping off branches or sometimes just chopping down entire olive trees, which is not a sustainable business model. Why is the price of olive oil so high? It's all the things you imagine. You know the answer already. Bad crops, climate change, mercury and retrograde, that one maybe citation needed. We might have to switch to bacon grease instead of olive oil for our delicious salad dressings until this gets solved. Here's a quote from the story. In Greece, a one liter bottle of extra virgin olive oil jumped from eight or nine dollars last year to fifteen dollars this year. That's a lot of money.
Crypto Voices
A highlight from PE81: Bitcoin's Power Growth Trend
"Hey everybody, welcome. Today we're going to go back to the good old all -time power law trend line of the Bitcoin price. Alright, so here we are again with the good old Bitcoin price, all -time price history starting on May 22nd. It's my date, I'm roughly picking May 22nd 2010. Bitcoin pizza day where Laszlo, our friend, made the first recognized Bitcoin barter transaction. 10 ,000 bitcoins for two pizzas. So a couple months ago I was back on Peter McCormick's podcast with Peter and Danny talking about this chart. It's a favorite of theirs and of many have been publishing a variation of this for at least five years now, probably six years. a Based on couple good posts from Bitcoin talk back in the day, even though they were using a little bit of a different model than I am. There's four basic trend lines and statistics, a linear trend line and there are three non -linear trend lines, which would be logarithmic, exponential and power. This is a power law or power regression trend line where on log scale it grows pretty quick at the beginning, but then it's a little bit asymptotic, decays at the end. But that's just how it looks on log scale. That's just how it looks based on the formulas. If I go back to linear scale, it still looks exponential. It's just a little bit different than an exponential curve. Point is, with Bitcoin far and away, the best fitting statistical trend line curve that you can draw is a power trend line. I'm not saying for sure that Bitcoin's price will stay on this in the future. This is just probabilistically how the price has been behaving and we can draw some percentiles to suggest how price would be in the future. Do see my prior videos on explaining the different curves and looking at gold as well for these different trend lines. But anyway, 95 % R squared is a great fitting trend line for Bitcoin. So I just want to do a very, very quick revisit here on this episode. Here we had the 2021 boom, a little bit hidden by my tooltip, but it's a double top. They're getting over $60 ,000 per Bitcoin twice. Actually, let's zoom out just a little bit to get the tooltip not in the way. There we go. And so we see here again, once you draw that trend line. Using simple statistics, percentile bands, which are basically standard deviation bands, we can show based on every single day's worth of pricing data where that price data point fits at any given time. And unlike early days, these double tops here in 2021 were actually not so rare based on the all -time trend. They were above a one standard deviation move up, which means they were outside of two thirds of the time. So two thirds of the time, the Bitcoin price will be within these blue bands. And then what is the red band? What are the red bands? I should say that is a two standard deviation move or a 95 percentile move. It means that 95 percent of the time, based on the statistics, based on the data, based on the coefficients, we can expect the Bitcoin price to be within these bands. And unlike other models, which have been lauded and praised and then forgotten in prior years, this is just a very simple statistical model. It will adjust every day up or down based on the Bitcoin price. So unlike in earlier years, just a quick revisit here in 2011, 2013 and in 2017, we got to two standard deviation moves based on the all -time trend. Now, they were probably even more extreme at those particular times. But looking back, using all the data that we have, even until now in 2023, we can see that those were still extreme moves. They were still relatively for the time. And based on the power trend line, extreme moves. And 2021 was actually not so. Only one standard deviation move up. But of course, the main point of this video is in the last year, specifically from all of the scam coin crises here in mid 2022, culminating in the FTX bankruptcy in November 2022, Bitcoin's price also took a tumble and it took a pretty big tumble. You see here when we were about $16 ,000-$17 ,000 per Bitcoin in December 2022, we were at a two standard deviation move down. And so that band, that red band there. Let's just take off all the bands so you know exactly what I'm talking about. That red band there. It meant that Bitcoin was touching an event that only had happened five percent of the time in the past. So pretty rare. Pretty rare. It actually bounced right along that band. Again, this is not technical analysis. This is just basic statistics. It bounced along that band and then creeped back up. Even during the banking crisis of March 2023, where badly managing cash managed banks, mismatched asset and liabilities, banks had many problems, had to be pseudo bailed out in the US and other places. Bitcoin still rallied from the lows here at $16 ,000, went up to $30 ,000 mid year and into the summer, fell back down to about $25 ,000. And now I'm actually, I have the data as of today, as of literally this recording, we are about at $36 ,570 per Bitcoin, and we have had a nice little bump here from the high $20 ,000s in the last couple weeks. So this is where we are now. Now let's put the other standard deviation bands up to see where we are. We already have the trend line. We can see we're well under trend. Let's just quickly look at that. The trend line here based on today as of recording November 10th is $60 ,000 for Bitcoin, $59 ,918 per Bitcoin based on every single day of pricing history in the past. That is the trend line. That's theoretically where the price could or should be. And we have the actual price $25 ,000, $24 ,000 below that. And the two standard deviation down move, which would be a very rare move, which we did have a year ago, would be if Bitcoin tumbled back to $23 ,000 per Bitcoin. So they're all rising. All the trend lines are rising. Now let's look at one standard deviation down. We're above that as well. So what this means now, let's put one standard deviation back up. Let's even take away the two down means right now we're right back in normal territory. No matter what CNBC tells you, no matter what Peter Schiff tells you, no matter what Bloomberg tells you, we're actually right back in normal territory for Bitcoin. We're not even on trend. We're below trend. But we are in the territory that occurs within one standard deviation. It means within two thirds of the time, two thirds of the time, two thirds of the days analyzed, Bitcoin will be within this band. And we can see that it actually is right now. So we're within one standard deviation territory, pretty normal. If we were to get to say two standard deviations up, if we had a major major bull run, which I'm not claiming will happen anytime soon. But just so you would see a two standard move up. And this is where you can really see the not only the volatility of Bitcoin, but just the dynastic growth that has occurred as it's been adopted by millions of people around the world. In the last 14 years, a two standard deviation move up based on the numbers today, which would mean 5 % on the on the upside, it's actually two and a half percent on the upside. A very, very rare move. OK, so outside of 95 % of the of the observations, Bitcoin price would need to be $394 ,000 for Bitcoin. So that's where we are. As always, I'm pulling this chart out to 2030. And just if you're curious, I have had this many times shown this in many videos before. The trend line at the moment is roughly $600 ,000 per Bitcoin in December 2030. Again, the 95 % are squared. Trend line will move up or down every day based on new data that is fed into this model. This is what it is. Pay attention to it. And thanks for watching.
Daily Crypto Report
A highlight from "Eth up on BlackRock's paperwork for ETH ETF Trust" Nov 10, 2023
"It's 6 30 a .m. Eastern, November the 10th, and this is your daily crypto report. Bitcoin is up 1 .5 % at $37 ,059, ETH is up slightly at $2 ,105, and Binance Coin is down slightly at $253. Support for this episode comes from OneSkin. If you're focused on longevity, biohacking, or just living healthy, don't forget about the importance of your skin and your overall health routine. If you're holding or stacking sats, you deserve healthy skin when the market runs up. Age healthy with OneSkin. OneSkin products are all powered by the OS01 peptide. It's scientifically proven to target aged or senescent cells, a central source of skin aging. OneSkin scientists have shown that it can reduce the biological age of skin. Healthier, more youthful -looking skin doesn't just look great in the next bull run, which is something we all want. It's great for your overall wellness, too. For me, living in New York City, I'm always thinking about time and what's in the air around me. My favorite part about OneSkin is that their face and body system is just two steps. OneSkin is the world's first skin longevity company addressing skin health at the molecular level, targeting the root causes of aging so skin behaves, feels, and appears younger. Your skin is more than just a barrier, it's a reflection of your overall health. Get started with a new face, eye, and body routine at a discounted rate. DCR listeners get 15 % off with the code DCR at OneSkin .co. That's code DCR at OneSkin .co.
The Breakdown
A highlight from ETF Excitement Drives Bitcoin Past $36,000
"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 Thursday, November 9th, and today we are talking about Bitcoin's breakout and all of the bullish sentiment shift. But, before we get into that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends. Well, yesterday, as you know, we pivoted to bullishness, put the SPF trial behind us, and faced firmly forward, and boy, has today extended the excitement. So much so that I'm actually not even really covering the biggest bull thing from today, which is BlackRock registering an Ethereum spot ETF that happened just as I was finishing, so I am sure that that will be front and center tomorrow. For now, let's kick off today with a tweet from Steven Lubka, who's the Managing Director and Head of Private Clients and Family Offices at Swan. He tweets, I love how Bitcoin itself determines how busy my day is going to be. Today is going to be crazy. Thanks for almost cracking $37k overnight. So let's start this report with the ETF speculation. Grayscale has opened talks with the SEC in an attempt to finally move forward with the conversion of the Grayscale Bitcoin trust into an ETF. Grayscale sources said the company is now in active discussions with the SEC's division of trading and markets and the division of corporate finance. Both divisions play a key role in deciding ETF applications. Now, Grayscale, of course, won its lawsuit against the SEC in August, with the court ruling that the SEC must reconsider the firm's application to convert GBTC. If the SEC wanted to deny the application, it would need to come up with some new reasons after their existing rationale was found to be arbitrary and capricious. Craig Salm, Grayscale's chief legal officer, said, Right now, we're just laser focused on constructively re -engaging with trading and markets. There are still things that have to be worked through. He added that, Overall, it's been good engagement and it's a matter of when, not a matter of if anymore. Grayscale CEO Michael Sonenshine also confirmed that discussions with the SEC have commenced. He told Bloomberg that his team have been busy filing the required documents, which quote, When pressed for a timeline for approval, Sonenshine chuckled, noting that, Timelines are certainly not something that has been discussed, but what I can tell you is that the SEC is constructively engaging at the moment. We remain optimistic that we will get through any final hurdles that need to be there and our investors will finally get what they've been waiting for. Now, the market, for its part, clearly thinks the conversion is likely to be approved. The GBTC discount has now closed to 12 % from over 40 % back in June. It's the smallest discount since November of 2021. Now, widening to the rest of the pool of potential ETFs, Bloomberg analysts reported that the SEC has a brief eight -day window to approve all 12 spot Bitcoin ETFs at the same time, which begins today. ETFs are generally not approved while they are still open for public comment following an SEC decision. That comment period concluded today for seven of the ETFs, which were delayed as a group in late September. James Safart, one of the Bloomberg ETF analysts, followed up in a Twitter thread explaining that, If the agency wants to allow all 12 fliers to launch, as we believe, this is the first available window since Grayscale's court victory was affirmed. Now on November 17th, comment periods will reopen for three of the applications from GlobalX, Hashdex, and Franklin Templeton when they hit their next SEC deadline for approval or delay. That would leave the SEC able to approve only nine of the 12 applications until January. Safart, with some assistance from finance lawyer Scott Johnson, added some extra detail to the situation. They explained that there are two approvals required before the ETFs can begin trading. The SEC would need to approve the proposed rule changes, and then a separate division of the regulator would need to sign off on product disclosure forms known as an S -1. Johnson tweeted, If there's a hypothetical approval this week, there's probably minimum a month and probably a couple before any ETF actually launches. S -1's still under review and no real hard deadline for that process. Though I consider it more a formality at that stage. Would be a wild period. Safart agreed, stating that possible and even likely that there could be weeks or even months between approval and launch. This is in line with comments made by Valkyrie CIO Stephen McClurg last week, who said, A late November approval likely means a February launch. Now his view was that the SEC would likely wait until the new year to ask firms to put finishing touches on their S -1 filings before they were given the green light. Adding a little more intrigue to the process, SEC chair Gary Gensler released another one of his little videos. This one was an explanation of the Division of Corporation Finance, the group which has recently been giving feedback on ETF applicants on their S -1s. Gensler emphasized that the SEC is a quote merit neutral regulator. He explained that the basic bargain of US capital markets is that quote, investors get to decide what risk they take so long as public companies make complete and truthful disclosure. Now of course, the timing of this could be nothing, but some viewed it as a meaningful indication of what has been going on behind closed doors at the SEC. Senior Bloomberg ETF analyst Eric Balcones tweeted, Could be a coincidence, but probably not. They did preapproval educational stuff ahead of BITO approval as well. Also, I feel like this is his way of saying, look, we aren't endorsing these ETFs, we're just trying to disclose all the possible risks so you can decide. Hands washed. Investor Adam Cochrane reiterated the point, tweeting, Usually this kind of stuff is posted by the SEC as like a disclaimer before they approve things they don't like. For example, last time was four days before they approved the BITO futures ETF. We guess this puts Bitcoin ETF approvals at less than one week now. As one final little indication that things could be moving behind the scenes at the SEC, commissioners and staff attended a closed door meeting this afternoon. The agenda included quote, institution and settlement of administrative proceedings and resolution of litigation claims. These kinds of meetings are held as needed and we don't have any further detail to confirm the commissioners are voting on ETF approvals, but holding a meeting is a much stronger indicator than not holding a meeting. To sum up, analysts' current expectations is that the entire cohort of ETFs are likely to be approved at the same time so as not to pick winners and that this could all happen as soon as this week. After that approval, disclosure statements will need to be finalized before the ETFs can be launched, which seems likely to take weeks, if not months. Notably, Bloomberg analysts have not adjusted their odds for full approvals in January up from 90%. They're also leaving their odds at an approval for this year at 70%. There's currently no real expectation that ETFs will begin trading until early next year. All commentary has carried a very prominent disclaimer that approvals are far from guaranteed, but between all of these little indications, market sentiment is clearly pointing towards a Bitcoin ETF approval. Crypto trader AvocadoToast tweeted, ETF thesis is pretty simple, 90 % odds of approval by Jan 10th could happen any day really. Announcement, immediate FOMO to speculate, scramble to search for ETF tokens on DexTools screener and Twitter, find top choice ETF because first mover most liquid highest market cap most trustworthy one, mash buy button candle loads. We all know this is going to happen. Let's just skip the song and dance. Blockworks Jason Yanowitz said, this market still severely underestimates how insane it will be to have Bitcoin ETF approvals and Bitcoin having within 60 days of each other will be obvious in hindsight. Now all of this ETF speculation has of course been extremely positive for Bitcoin price action. The market tested the $36 ,000 level for the third time late on Wednesday evening and effortlessly broke through. Bitcoin settled at a new level of around $36 ,700 overnight. Now Matrixport said earlier on Wednesday that they expected the breakout above $36 ,000 to be imminent. Following on from that correct prediction, the firm said that they believed a sustained rally to follow. Their report stated, the Santa Claus rally could start at any moment with a steady increase in buyers during US trading hours and an ongoing attempt for Bitcoin to break out. We could see prices rallying into the end of the month and year. Matrixport included some macro commentary recognizing that this Bitcoin run has been supported by dovish federal reserve messaging, reducing long -term debt issuance from the treasury and a continued slowdown in inflation. They noted that above $36 ,000 there's a lot of fresh air considering how rapidly prices collapsed in early 2022. The report stated that quote, a break above $36 ,000 could propel Bitcoin toward our next technical resistance level at $40 ,000 potentially reaching $45 ,000 by the end of 2023. Now along these same lines, the Chicago Mercantile Exchange or CME, which hosts the highest volume market for Bitcoin futures in the US has continued to see a rush of trading. Open interest for Bitcoin futures has increased by 35 % over the past four weeks, moving above 100 ,000 Bitcoin for the first time. Indeed, the CME is snapping at the heels of Binance as the dominant market for Bitcoin futures trading. Binance currently has a little over 24 % of the market while the CME is closing in with 22 .7%. Now, according to K33 research, the two week price consolidation around 35 ,000 has primed bullish sentiment. Over the last two weeks, dips have been bought and Bitcoin has remained in a $2 ,000 range. That range, of course, is now broken to the upside, but the analysis still seems relevant. K33 observed that with Bitcoin range bound, altcoins have had a chance to run. We've seen numerous tokens achieve gains above 10 % in the past two weeks, which has brought the total crypto market cap back up to $1 .4 trillion for the first time since the Luna collapse. Bitcoin dominance softened slightly as a result of this altcoin run, but remained above 50%. Now, maybe most interestingly, volumes during US trading hours are dominating the market, vastly outstripping other regions. Premiums on front month options have exploded with calls settled at the end of November showing a 16 % annualized premium. ETF inflows continue to be strong, with the pro shares Bitcoin futures ETF BITO just receiving its third highest weekly inflow since November 2021. Now, despite the rush of activity in derivatives markets, Bitcoin's implied volatility remains below its three year average. This indicates that markets are priced for slow, grinding price action rather than sudden spikes.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 11-10-2023 19:00
"Interactive Brokers pays up to 4 .83 % on instantly available USD cash balances in your brokerage account. How much interest can your broker pay? Interactive Brokers' conservative and prudent risk management uniquely positions them to pay up to 4 .83 % on uninvested, instantly available USD cash balances in your brokerage account. The best informed investors choose Interactive Brokers. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Friday, November 10th in Hong Kong. Thursday, November 9th in New York. Coming up this hour, a hawkish Jay Powell puts markets on notice and says the Fed will tighten policy if appropriate. Treasury Secretary Janet Yellen meets with Chinese Vice Premier He Li -feng to lay the groundwork for improved economic relations, and China's top chipmaker, SMIC, reports quarterly sales below expectations. Israel agrees to Northern Gaza pause. Biden administration is hoping for more. Biden pledges auto industry efforts in EV to fight back China. New Bloomberg polls show swing state voters don't want a choice between Biden and Trump. I'm Ed Baxter with Global News. Liverpool suffers a shock defeat in a Europa League group stage match. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act. It's a little past nine in the morning in Tokyo, so we have trading in Japanese equities and in U .S. treasuries. And the theme today is...
Tech Path Crypto
A highlight from Bitcoin ETF Frenzy | Bloomberg Intelligence INTERVIEW
"All right today we're going to dive into some ETF news but also some analysis from the experts really looking at the potential of what ETFs might mean for crypto in general but also of course Bitcoin. We'll dive in deep. My name is Paul Berra. Welcome back in to Tech Path. Joining me today is James Safert who is an ETF analyst over at Bloomberg Intelligence. Great to have you back James. Thanks for having me on Paul. Happy to be here. Excellent. Excellent. Last time we had you on early stages of a lot of the ETF activity. I won't let you off the hook about the ETH ETF though because we're going to ask you about that. The potential. But I want to go into first of all a little bit about what's been happening over the last 60 days. And most of this has been around the potential for BlackRock. And let's just kind of get that question out of the way. Obviously BlackRock I would say the number one at least institutional asset manager out there that's being looked at as possibly could be the leader. In your opinion you look at all the filings that have been made. What is going to happen when we do get these approved? If they all come at once do you feel like BlackRock just automatically wins the race here because they're BlackRock or do you think there would be some others that could really win some marketing points? Yeah. So the way that we look at the space is it's a winner take most world. It's not like there's going to be a winner take all type situation. You can't overlook the fact that Grayscale already has 20 billion in assets right now based on the current valuation. So they're also going to be a big player. So there's going to be anywhere we look in the ETF space there's usually one big leader who gets most of the assets, possibly most of the flows and the trading volume. But usually there's other aspects of what these issuers will find ways to differentiate themselves. So in gold ETFs some ETFs are going to be way cheaper than the most liquid ones. So that's grown. Some are going to store through their gold and Swiss vaults instead of the London vaults. So I suspect we'll see something similar on the Bitcoin side of things. You're going to have issuers that are going to focus on the fact that they've been dealing with advisors themselves and talking to them about what this space looks like and what it's going to look like and offer to be like we know this space very well. We're not just an asset manager. We're putting blockchain and crypto first. So people focus on that and then the people that will say like we're going to lend out the underlying Bitcoin and give you dividends or offer very, very near zero fees. Some will talk about like different custodians are going to possibly market on the custodians they're using. As we know, we've seen that has been an issue. So there's like a whole bunch of different ways, but it is likely to be winner take most in this world. And BlackRock obviously is likely to be the leader. But the idea that we have GBDC and Grayscale already existing with 20 billion assets is that's a huge thing to hurdle even if you're BlackRock. So based on you guys's analysis, if you look at the ETF services that could be offered because there's probably going to get some fairly creative services within these companies, what would you think would be one of the most critical things that a BlackRock or 21 shares or even a Fidelity could bring to the market to say, this is what we're going to do. We're going to come out and kind of hit with a splash and try to draw in these investors. I mean, the easiest, most simplest one is going to be fee, right? No matter what you do, no matter what your offerings are, if you're charging double the price of everyone else, you're going to have a hard time competing. Right. But also, you hinted at it. We think there's going to be a lot of marketing around here. BlackRock is likely going to market the hell out of this. You're going to see ARK in 21 shares. We've already seen VanEck start to market this type of stuff already. So we're going to see a lot of these players try to market and get to advisors. Directly to retail, they're going to be talking about why their products are better versus the others. But like I said, it tends to be a winner -take -most type world in the ETF space, particularly when you have just a single asset here, right? It's just giving exposure to this one thing. So people are going to differentiate on what they do as a firm and the products individually and who knows where it's going to go. But like I said, one of the things I did mention is in gold, there are some ETFs where if you have enough money, for the most part, you can't redeem the actual gold. But there are some ETFs that like, if you have $10 ,000, they'll deliver it right to your doorstep, things like that. So there might be a similar situation in crypto down the line and won't, not initially, but that might be a case down the line where like, if you have a certain amount, they'll send it to a private wallet. Right. Right. Okay. You mentioned something here about retail and because I look at this and this was in reference to an article, you know, Crypto Reshaping the American Dream for Younger Generations. This is a report by Coinbase. And within the Coinbase art or the Coinbase report, there were a few things that they pointed out to. One of course, was this millennial age group, 26 to 40. And a lot of this was around just crypto and blockchain as kind of the future of finance. Millennials really see this as a big opportunity. When you look at retail and you look at the current runway for a lot of these institutions today, do you feel that the target audience, because it seems like the millennial audience could be the new holy grail of the investment class, especially in reference to retail. Do you think owning that would possibly put someone out in front or do you think it's going to be kind of old school capital that could be leading the way at first? What are your thoughts on that? So specifically for the ETF, it's probably going to be more the advisor type of space that it's going to be looking at this. I mean, if you're a retail person, anyone, if you really wanted exposure to this, you could have downloaded Coinbase or Gemini or any app, FTX, you could buy at the click of a button. So one of the parallels we like to look at is like when gold ETFs came out, they democratized investing in gold. Yeah, you could always go down to like the corner street and buy like some gold coins, but that's very different from having it in a like professionalized portfolio. So that's more what the ETF is going to do. We don't think the one thing it will do for retail potentially is if you're a trader and you're like to trade these things in and out, the ETF is going to be way cheaper than a lot of these platforms. It's going to trade penny wide, there's going to be no commissions, which is not the case for most of these platforms. So the real people that are going to use these products if and when they get approved are really going to be institutions and advisors who maybe they have clients who have money in their own personal accounts on the some of those apps I mentioned, and it would just be way better if like we could control it. If an advisor, they know exactly how it is, they can basically sell when it gets too large of a portion of the portfolio and buy more when it dips below because we know we all know how volatile the market is. So just getting that professional management. Also from the advisors perspective, if I'm an advisor and you're my client and you're buying this on Coinbase or FTX, I don't know what you're doing. And also I'm not making money. That's not under my purview. Like typically the most advisors nowadays they charge an AUM fee. So whatever those total assets are, they're going to charge a slight fee on those total assets. And this brings us under that umbrella. So what ETF is going to do is going to put DeFi on the TradFi rails in a way that hasn't been done yet, which again kind of goes against the ethos of many of these things. But it's not going to detract from the underlying ethos of Bitcoin and what people want it to be. It's just going to be additive to people who want it in a different basically wrapper. Yeah. I was looking at your partner, Eric Balshunis in there, this is one of the many reasons so bullish on ETFs and think they'll dominate for decades to come is their usage is inversely correlated to age. Eighty -nine percent of millennials say the vehicle of choice versus boomers, which is though it is increasing in the survey data that came in from Schwab. But I guess the future is really going to lean toward these other alternative investors who are going out to advisors and saying, hey, I've got some assets here I want under management and here we go. And with that being the case, you've already got a mindset that's starting to restructure how capital might be deployed in the future. Is that something where do you think the switch would happen? Is there a time frame that you say, OK, maybe over the next three years, this we could truly see a shift in the demographic data that could push these ETFs into kind of a stratosphere? Yeah, so like if we're just looking at ETFs in general, one of the things I track, I obviously don't just cover crypto. I look at the whole space. And one of the big trends recovering is mutual fund to ETF transition, which goes to a lot of those things that Eric was pointing out, specifically on the ETF side. It's not going to be like these things launch and all of a sudden they're going to get like billions of dollars in in one week. Like I said, it's going to be institutions. So a lot of institutions, endowments, pensions, they have restrictions on what they can and cannot hold. So they have to hold securities or bonds, what have you. They can't hold this thing directly. Putting in an ETF wrapper allows them to hold it. So if there is there and we know for a fact that our institutions out there that want to have a one percent allocation to this thing, this might be a way for them to do it. The other part of it is basically it's the advisors, right? They're not going to if they want to put maybe some portion of their clients they think would fit to have a one, three, five percent allocation to a product like this. They're not going to do it the day it launches, right? They're going to do their due diligence. They're going to look at things or they're going to slowly put it in over time. So it'll be like an allocation that goes on over the next one, one to three years, kind of like you mentioned. So it's more about the long term impact of these things being launched necessarily than necessarily like, oh, this week it's launching and all of a sudden it's going to send things to the moon, if you will. That's unlikely to happen, in my view, personally. So obviously we'll get an initial splash once these do hit the market. That's going to be kind of the case. Is there any framework of what you guys think at Bloomberg would be the kind of inflows that would be relevant to what the size of this asset class is? I guess it would be similar maybe to what gold or is it even similar to gold that first hit the ETF market? Yeah. So when we look at gold ETFs, which is like something that people kind of overstate, gold ETFs in the U .S. have a hundred billion in AUM. This is, I mean, Bitcoin ETFs aren't going to get there anytime soon, in my opinion. And like I said, Grayscale, I mentioned like twice or three times already, GBC already has 20 billion in assets. So the idea that all of a sudden there's going to be hundreds of billions in these products in any sort of shorter timeframe than years or decade out is kind of unlikely. But yeah, I think of the upper limit or in like a three year time frame would be that a hundred billion number maybe, but there's no way to actually know what type of money's going to come in. The problem is like, we don't know what advisors are going to do, right? Are they going to do that 1 % allocation, 3 % allocation, 5 % allocation and what percent of advisors are going to use these products? And then also what percent of their clients are they going to want to hold these? Not every, this isn't going to fit for every single client in the world, right? It's going to fit for a subset of clients that they feel like meet their risk profile. So deciding that. So it's hard to really know Galaxy actually did a really good piece on this. I'm trying to guess the numbers. They guess I think 14 billion in the first year, but there's also a lot of things going on. We don't know how much money is going to come out of Grayscale because a lot of money that's in there was specifically playing what was going on with the premiums and discounts. And not necessarily like, Oh, I want this exposure. It was more like, this is a trade I'm making to bet on the discount closing or to bet on the premium or something like that over the last five years. So there might be some flows that are come out of there that might not go into some of these other ETFs. Now, how much of that is going to happen? I don't know. So here's a question to you is with Bloomberg, the way you guys analyze ETFs, but also the advisors within the industry, is there any data out there showing the demographic of the actual advisors? Because I would think that if they are falling into the millennial audience, they may kind of be leaning a little bit stronger into these kinds of assets. Yeah, there are a lot of advisors that are leaning into that. So like this, this kind of gets a little bit out of my wheelhouse. We don't have a lot of the advisor data because most of that is like survey data. There are a lot of really good sources that get into that and we'll use those other sources and let me try to figure out what's going on. But for the most part, a lot of the advisors are much older crowd that aren't really interested in this. That said, if you have a client and you're older and the client says they want exposure to this, this is the way that they're going to do it, right? They're not going to open a Coinbase account for them. They're going to go through and just buy this ETF if it's allowed, even allowed. There's a process that could take one few months or two, three years where these platforms have to get the okay from their risk metric teams and compliance teams to actually be even allow advisors or anyone to brokers to even buy these things for their clients. So who knows how long that could take. You mentioned Grayscale obviously kind of being a potential leader, I guess, going out of the gate. What is the next step for them? Obviously, they've had a much further advancement, but why not, why are we not seeing this just going out as a listed ETF right now? Yeah, that's a good question. I don't actually know. The real answer is like they won their court case, right? And there's likely a conversation that's happening between the SEC and Grayscale. Grayscale saying, probably pushing the argument that, look, the deadlines and the statutes say if there is no issued order here, then all of a sudden we're approved. And your order was vacated and that timeframe means we are de facto approved, which that's a legal framework that's unlikely to actually ever happen in the real world, but that's probably what they're saying to the SEC. I'm assuming the SEC was saying, no, you're going to restart and refile this whole process, which is a 240 -day process to go through this and then we'll talk. And then I'm sure there's some like haggling going back and forth. We'll make a deal. We'll refile if we get X number of days, like you guarantee we're going to give us an answer or maybe even just the SEC is telling them we're going to give you an answer on what's going to happen in the next 30 days. We don't know. It's completely quiet. I thought we would have had an answer to like what the next steps are and what's happening last week, the last week or the week before. So I was like thinking by last Friday, we'd have an idea of what's going to go on. And I think I actually tweeted this out. I was like, we have nothing. They're completely quiet. So we're entering a zone right now starting tomorrow where theoretically they could start approving some of these things. Obviously, I'm not saying that that's what's going to happen, but like up and tomorrow is the first date that it could theoretically happen in the last of the next few months. All right. So with that being the case right now, I know you and Eric have kind of looking have been doing these percentage of probability ranges by end of year. Where are you guys at now on this? We're still at 75 percent by the end of the year, but we think basically one thing that goes into all this is we think the SEC is going to try to allow most, if not all of them to launch on the same day. They're not going to play kingmaker. They played kingmaker with Bitto, which is the pro shares Bitcoin futures ETF, got a billion and a half or over a billion in two days dominate. They have 96 percent of the assets, 96 percent of the volume. They utterly dominate. I don't think they don't want to do that again. So I think the SEC is going to try to find these like angles and areas where they can allow a whole bunch to launch at the same time. And like I said, one of those one of those like time periods starts tomorrow and goes through like roughly the 17th, maybe the 21st, depending on with all these other filings. But if you include GBTC, there's 12 active applications right now in front of the SEC. So the SEC might have to figure out a way to do this. So like I said, November could happen. There's also a period in December. Our view is that the final deadline for ARK and 21 shares is January 10th. And I just don't think if they deny then by that January 10th deadline, if they wait all the way up until that deadline, which they don't have to, they can go very early if they want to. We saw that in September. They went months early in some of these cases. They will approve by January 10th is our view. We're at 90 percent on that now. That said, if they deny at that time period, it's unlikely that they're going to deny ARK in January and then approve everything else in March, which is when BlackRock and all these other issuers are due. So we'll cross that bridge when we get to it. But we think we're at 75 percent this year. I think they could try to get it done just like before the Christmas and New Year holidays. So it's kind of a tight squeeze to fit it in like right after New Year's and before that January 10th deadline, unless they have everything ready to go. And again, the next like opening where we could see like a wave of approvals is later this week, potentially into next week.
600 WREC
"may 10th" Discussed on 600 WREC
"Mob bosses. By the time of her death, Marilyn Monroe was at the center of a deadly power struggle between President Kennedy brother. Bobby, the Mafia and Jaeger, Hoover's FBI. She talked with Peter Lawford, she said, Give my love to the president over 12 riveting episodes. The killing of Marilyn Monroe threw on the ground investigative reporting brand new sources and meticulous reviewing of evidence way will reveal Had a professor in law school name. Lino Graglia. Some of you have heard me talk about him Over the years, he had a huge influence. On my life. My career. Well, I guess I wasn't lawyer for very long. But on my mindset, my philosophy And Professor Graglia is most famous for having been a nominated at the same time. It's Antonin Scalia. These were two Italian American intellectuals who president Reagan wanted to put on the bench, Lino grow you to the fifth Circuit Court of Appeals and Antonin Scalia to the Supreme Court. Well, the American Bar Association came out and called him really nasty names, and they managed to keep his nomination from being passed. Even though he was a man of great scholarship and And academic repute. But Professor grow used to say that the Supreme Court and the judiciary should not be as important to our lives as it is, that's usually the result of judicial activism. Well, today, the judiciary is important to our lives because you have the tyranny of the majority represented by the House and executive branch that thinks it's a monarchy and the judiciary that's being called into duty, too. Provide a constitutional check and balance against this nonsense. And those on the left. Don't want the judiciary to do its job, which is to ask questions like well is what Congress doing outside their authority. Is it unconstitutional is what the president doing it is doing outside his authority. Is it unconstitutional? And so the intention is to change the courts in ways outside their their their constitutional purview. Which brings us to the vice president for litigation at the Institute for Free Speech, Alan Gura and apiece he's written and then in the Wall Street Journal entitled Congressional Democrats, Court picking Not packing scheme that was published on May 10th. First of all, Alan, why do you use the word picking instead of packing? Explain that Well, these are different games in order to try to gain the judicial system under court packing. The idea is to stuff courts with extra judges until the vote count will turn out the way that you want so We don't like the way that the Supreme Court votes with nine justices will make it 13 or 15, or 28, until we can put enough of our friends on their people who share ideology. So the vocal Turkmen out ideologically the way we'd like that's court packing court picking a little different in court picking. You're not changing the court. You're merely taking a case of otherwise go toe to court. You don't trust so much. And you ship it off to accord which is ideologically more friendly to your point of view. So if you cannot change the court, at least you can send the case to Ah, Court. You like better And that's what the Democrats are proposing to do with the so called for the People Act s one hr one. This, this monstrous rewriting of our ability to exercise their First Amendment rights speak about Elections. Um, right now, If you live in Texas, and you have a problem with the federal government, you can go to a local court in Texas. You can go to the Federal District Court in Dallas or Houston or Fort Worth. Bring your case haven't heard by local judge and any appeal would go to the fifth Circuit Court of Appeals, which is the regional court that handles appeals from Texas, Louisiana and Mississippi. The problem with that court is that it kind of leans towards the towards the conservative end of the spectrum. Ideologically and Democrats are I'm not keen on the idea of Texans challenging their law in their local courts, and perhaps having the first take done by right of center judges, and so with the bill commands is that all Americans anywhere in our country, whether than Alaska, Florida, California, Texas anywhere between If they want to challenge this particular law, they can only do so. Washington D. C, where the ideological balance tends to favor the left. So In effect. What How does this affect so? So my average listener? How does this affect their their life? What does this end up doing? What this is doing is it means that the government is choosing which court will hear a challenge the government's own actions you are losing. Ah, lot of your ability to challenge the constitutionality of of the government's laws used to be released. Still is, for the time being that the case of heard locally by Judges who are in your community who were appointed with some input by your home. State senators and some of those they're going to be more progressive, and some of them will be more conservative. That's just where the ship's happen to fall. But in order gamed the system, your ability to access the local court is gone. You have to go to Washington, D C and playing the government's home turf. Another thing that this bill does Is in the case of challenges to election rules. And, um, speech rules about elections, which is what this Fact is, um, the Democrats are proposing to eliminate all the things that would make the case move faster. That is right now, um, we live under a rule where Congress has recognized eighties or sensitive cases the guy get decided. Sooner rather than later. It's important. We don't want to run too many elections under rules that may not be constitutional, so Congress has enacted procedures to make the case has moved faster. Those air being eliminated to the cases don't just go to Washington, D. C. They might get bogged down there..
KNST AM 790
"may 10th" Discussed on KNST AM 790
"Bombs admire. Good morning and welcome back. I am in the studio with Jerry sent of the pipe mortgage and we are talking about home prices. And is this in, you know, no end in sight, going toe last and obviously can't As I mentioned right before the break if home prices in Tucson are going up $2000 a month On before each 100,000 that you borrow. It's it's $4 a month or and preach 1000. You borrow it Z $4 a month that means every month, the person's potential house payment on the same house is increasing by $8.8 dollars. $8. So by the end of the year, that's $100 more Justin price, not counting a rate increase, so the same home would be $100 more well, you know, there's a lot of people don't get that kind of raise in their job and their capping out and falling by the wayside very quickly. And and just the sheer number of available homes in all of Tucson for under 2 50, which is the medium that most people can't afford. I mean, we're down to a crazy low number 94 total homes. Under 250,000 single family homes. And if you say all, what about condos, town home condos in all of this city and its 32 condos under 2 50. Wow and in town homes under 2 50, There's 31. And then, uh, mobile homes. I mean, that's older than 1978. There's 13. And then manufactured homes. 55 so, but total just everything. If you take away all kind of dwelling, just, you know, distraction or any kind of filtering for what kind of property 226 properties. Available in a in a city of over a million people under 2 50 well, and I think also part of this is that you know, Tucson is now being discovered. We were under the radar for so many years. I mean, we love to son and But I don't think we're on the map. Like you know, Scottsdale or Phoenix And and, uh so we didn't have the hubbub. Well, someone sent me an article that in Communist magazine, we made the hot list. Right? And I have not had a chance. Tonto Review it thoroughly. But, uh, I guess there are some hotels in Tucson that are mentioned. And so now we're you know, but we're coming like it city for people to live. And which is really exciting, But I think that's also part of what's fueling this is, um, you know, we talked about in California in L, A and and in northern California that people were starting to move out because they can work remotely. I have. I think two or three loans that I'm working on right now where people are based in in San Francisco, right? Companies based in there, but they live in Tucson. And they have to buy the home as a second home, even though they live here in Tucson because your employment's out there because it but their employer cause that's how when you define where, what's your primary residence defined by where you work, and if your employer will not write a letter saying you it's okay for you to work remotely. You have to call in this case, San Francisco your home base your your primary residence, and this is a secondary residence. So, but I'm doing two or three loans right now For that same scenario, So people are saying Well, wait a second. I I could buy a house in San Francisco for you know, a million two million. Whatever the cost is nowadays or I could buy a home for 500,000 in Tucson and Wow, Look at how great this is. So we are becoming this going for $500? Absolutely. So we really are getting discovered. I mean, I think that s so It's great news for Tucson that we're now getting to be. You know, And hopefully this with this trend will continue where we have more people coming for vacation. And you know, I'm a big fan of when people when we have our winner, visitors, because think about how much money they're spending in the restaurants and hotels and on all of our local businesses. So no, I I agree. So back this article I discussed in the first segment. Uh, yes. The housing market is on fire right now. No, it's not the top. This is written by Chris eyes you and Just remember that the real estate market is local, right? Just when you see a national article. This is my job on this show is to say, and Jerry's job is, you know? Is this going to happen here? You know when when you see Hey, prices are falling on my gosh, The sky's falling in well, Yes, they are in California markets that are losing people. We are gaining on average 10,800 people a year to this county. That's 900 people a month. And if there's 2.5 people per household, we need 360 new houses a month for the new people moving here 360 a month. We have total inventory of Just over 900 hands, So it's like where these extra home's going to come from, and and there's a lot of No speculation that the people that have been unable to evict nonpaying Cove it you know, I lost my job because of the Corona virus. I can't You know, you can't kick me out. Well, now the federal judges struck down that CDC mandate and said You overstep your bounds. You had no A ability to do that legally, and therefore, I mean, they're kind of challenge it in court. But some states have already thrown it out the window and they're just moving forward with. Okay, We're going back to normal heck with, you know, overstep by the federal government. So those homes I mean, if you just came out of a rental situation you didn't get paid for a year. Are you gonna be like, Hey, let's go find another tenant right now. Hell, no, I'm getting it done. I don't know The prices are so high right now I am going to sell. So so there, you know, when people have a choice, they may not choose the house on the busy street or with the strange for planner with the dated kitchen or Or whatever. So now is an opportunity and that you know, it's just you couldn't pick a better time. And you know, don't look well, if I sell now, you know the appreciation that might come Look at what the return on your money conduce you after you've cashed out of that house, right? And that's what you what you want to look at. So this article was written on May 10th the housing market might feel a bit crazy. Right now, Prices have soared to new heights and 2021. But today I'm going to explain why prices alone don't signal at the top is near. In fact, that was higher prices are likely to keep climbing. Especially with what we were talking about with the building materials. How can they go lower, right? There's a tangible shift in the housing market in recent years as the shortage of existing homes for sale grows, buyers are turning toward new construction, according to CNBC, about one in four homes right now. Is newly built homes compared to on average, you know, one in 10 houses is a new construction, so one out of four and because of the cost to develop land, and in the time it takes to You know, surveyed and split it and set aside land for streets and schools and parks and everything else. I mean, developers can on Lee build on about 1/10 of the property that they own because all the rest is put off. And in right aways and in the streets and all those things so basically for what the developers paying for the land, they can only use 1/10 of it, so their cost is 10 times higher. Plus all the amenities they have to put in and then throw on so you can't build affordable housing. You can't build $100,000 houses one with the building materials what they are right now. You can't build that house for 100,000 or even 1 50. But for the cost of the land in the time it takes to develop, I would say in Tucson, the average build is well number $400,000 new build..
AP News
"may 10th" Discussed on AP News
"News Good morning, I'm Ed Donahue Expectations air rising that a cease fire maybe near between Israel and Hamas. AP is Joseph Kraus reports There are no signs yet of a cooling off. Palestinian militants in Gaza are still firing rockets into Israel outfit a fairly regular pace. Israel says they fired more than 4000 rockets since the conflict began. Hundreds of those have followed short landed inside Gaza and Israel is also intercepted. Quite a large number of Prime Minister Benjamin Netanyahu was pushed back against calls from the U. S to wind down the Gaza offensive. But officials close to the negotiations say they expect a truce to be announced in the next 24 hours. Vermont Senator Bernie Sanders is looking at both sides in the fighting. I believe that we should be mourning the loss of Israeli life. That we should also be mourning the loss of Palestinian lives. Or perhaps some people think Palestinian lives don't matter. The current round of fighting between Israel and Hamas began on May 10th when the militant group fired long range rockets toward Jerusalem. Russian President Vladimir Putin is alleging some of the country's foreign foes dream about biting off pieces of the country's vast territory, warning Moscow would knock their teeth out if they tried. Labor Department says the number of Americans filing for unemployment benefits fell last week to a new pandemic low and abrupt, relax ation of mask policies that some retail and grocery stores has left workers reeling as they try to sort out what the new environment means for their safety and relationship with customers. Wal Mart best by Macy's Costco, trader, Joe and Target are among the growing list of big chains. Allowing vaccinated customers to shop mask lists. A BBC investigation found one of its journalist Martin Bashir, used deceitful behavior to secure an explosive interview with Princess Diana in 1995 in a serious breach of the broadcasters guidelines. This is AP News Lord has formally unveiled its F 1 50 Electric pickup truck. The Lightning forward is making a big bet on the lightning. President Biden got to test drive it quick.
NoCo Now ? 1310 KFKA
"may 10th" Discussed on NoCo Now ? 1310 KFKA
"A break.
NoCo Now ? 1310 KFKA
"may 10th" Discussed on NoCo Now ? 1310 KFKA
"Back here and sorry. You hate nickelback. You're wrong talking to you. Specifically brady whole. I know you're listening to your office right now. closing in on ten thirty seven here joining me. Now channel. two meteorologist matt makine's matt. We were in a pretty good pattern here. It seems like Late sunday into monday. We can just expect some moisture. Yeah that's been Clockwork here. The week This week last week the three weeks ago so yeah. Mother nature's frequently visiting and right on schedule to though delays no not not at all and so matt the question is how much moisture we expected to see. What is houses gonna going to play out over the next couple of days here for northern colorado. Well we'll ramp up all activity including rain and snow. That'd be happening later today. Through the night going. Tuesday and then Kind of winding down as we go throughout the day to day in clearing off gradually wednesday. So that's kind of time line now to pick up a quite a bit of water that'll be mostly tonight and tomorrow and total water. Just the total is going to be you know. Some folks have more than an inch of water coming through. I think the average will like three quarters of an inch but some of us will have an interest though and that'll be a kind of a combo of rain and snow for us up to about. Dia northside at denver kind of those elevations that are you know below below about five thousand feet or so probably will stay as mostly just rain but then climb above those and you're gonna look at fort collins and boulder longmont love when there will be a chance for some snowfall and then once the system clears off we'll look due west and we'll see snowcapped peaks. We'll be quite a bit of snow headed to those mountains. And like i was just mentioning. I mean The this moisture and talked about how important it is to be getting right now and people are certainly. You can feel it starting to get frustrated that i go okay. We're we're having the warm weather and it just teases us and then boom it's gone but talk about how important this moisture is especially with the outlook For the rest of this year being so dry the last really the last two months we kind of started in late february early march turning things more active for just our region not colorado just our region. And with that we've seen you know. The drought categories drop progressively. There are sections in our area. That are not even considered abnormally dry. They're considered perfectly normal and that's a big swath of Larimer county and in boulder county So we've seen great improvements here. Recently and those deficits were three to six seven inches. And we've seen those almost totally erased now. However if you look at the last year Total precept we're still roughly zero to three inches drier than average for the metro areas and each of these systems has produced around inch. So you know you get three or four five of those in a row and that's how you get out of the drought. We've seen that some sections but this incoming one with another inch you know. We may see. The drought numbers continued to improve and will add some areas. That are you know abnormally dry. Were considered average. Then that should be happening with the monitor. That's released this week. And next week to talking with gentle. Meteorologist matt makine's Here on on another rainy rainy. Monday so mad. It looks like Like you said at the beginning of the week it's gonna be their wet stuff and then maybe dry off towards the end of the week. Saturday and sunday. Or what's what's the future forecast looking like are. We're going to have more more storms as this pattern going to continue. We'll still see action. Yes however the strength of it slows down and kind of the frequency will slow down Does it very active pattern. We've been in for the last several weeks. Certainly in the last couple of months that entire pattern is about to start to calm down and start to transition more into class late spring and summer pattern and that will mean you know. We'll get thunderstorms going. We'll have our thunderstorms season hale. Season will start to pick up as good through the next few weeks But these big you know. Big huge shields of rain that covered us for a couple of days And cool to that pattern will start to calm down. And we'll begin to progress into our thunderstorm season that we would expect four mid to late may and i know i mentioned this is this is so important. This moisture here but I'm k personally. I'm kind of ready for to start to warm up as well but with this being all back to back to back in this the same pattern with his reign you talked about and now some snow up in the mountains. What is that gonna do. Those places that that did have the wildfires over the summer. How big of an impact is going to be when it inevitably runs off We'll still have to watch out like fort. Collins will still have to watch out for that contaminated drinking water From the ash and debris flows that will come down So fort collins will still have to be pretty mindful about that for their water. Resource standpoint other areas will will certainly have to watch how quickly we warm up beyond this point and it looks like seventies or an order by the weekend but how rapidly you warm up. We don't want things to melt to quickly Above the burn scars or on the scars Because then you're just gonna you know the faster you warm up that fast melt the faster you run off is going to be so. We don't want quick spike. In temperatures a gradual warming trend would be preferred but once we do get those thunderstorms popping. You know they love to fire up and get going right on those mountains and from flash flood standpoint it is going to be pretty critical for outdoor enthusiasts residents And from the drinking water perspective down here to watch out for those that moisture. Well i know it. It seems like we talked about this a lot. Mad but but now there's really not a whole lot to be done right. But but what do these city municipalities. And i and i get it. You're you're the you're the meteorologist but this deals with what you do. How do they how do they make sure that the drinking water it does stay relatively clean. That's a great question for fort collins especially because half of their water. Well don't quote me on this but you know from what my understanding is. Is that half of the water comes out of the the and then the other half comes out of horse tooth reservoir So what we would worry about. Is the river. What is it bringing you. What contaminants is it bringing. Candy you restructure for for collins be able to filter out the ash degree whatever you know contaminants maybe in that water. Can they filter that out to keep up with demand in the city when temperatures begin to spike. So you know. Water managers not just fort collins from contaminated water standpoint but castlerock was another one that published. You know some concerns about this summer and denver as well. You know. they're saying when we hit those peak times when we really spiked the temperatures. And everybody's gotta water and they water all day long and wastewater it's those peak times where you have to. You have to consider you. Were treating that water. You know. treatment can only go so fast. We don't want that. Despite too quickly for fort collins. There's other places. I was mentioning. That for sure is going to be a concern. Ma'am makings channel. Two meteorologists mount. One of the things. I saw you share. This is april looking back on it. Eighteen.
NoCo Now ? 1310 KFKA
"may 10th" Discussed on NoCo Now ? 1310 KFKA
"By shanin agency. Here's tanner swint. Welcome in we're number. Two refund one sounds like the rain. Come down a little bit more out there. We'll talk with matt. Makings channel two meteorologists to get the full rundown of exactly what. It's gonna look like this week going forward. We'll talk with him coming up at about ten thirty five The the rain. I mean it's perfect. It's perfect for a lot of farmers out there and i know that We we've got our and our on wednesday mornings but talking a little bit about it now. Crops are just going in the ground this rain. i know it's it seems like a pain but this moisture really can help get things started off right and it can try to preserve that water You know so that the these farmers aren't having to jump in and start getting right off the bat because it's expected to be a really dry really dry summer really dry arrest of the year so we gotta we gotta get this moisture. We can so every time. You know. I i make fun of the colorado weather we need the moisture i do. I make fun of that but it's true we need the moisture and it's coming down out there right now. Across northern colorado are excessive will the flare an hair poll question is up on our facebook page at noko now at nocona. Check it out with the fda expected to approve the co Covid nineteen vaccine for children under. Excuse me over twelve and over. Will you be giving your kids. The shot the covid. Nineteen shot Lead us on our facebook page at noko. Now or you can text the 'tatanka girl tech sign at nine seven zero four seven eight one three zero one nine seven zero four seven eight one three zero one Let's take a look around the sports world starting first with the colorado rockies they add some momentum after they win that series against the giants the role into saint louis and that was short. Lived the cardinals. Win the first game on Friday five zero. They win the second game on saturday. Nine to eight and yesterday the rockies were trying to avoid being swept in this three-game series against nolan are not oh and his new team and well let's just say it didn't work out the The rocks lose out one to two zero as well Adam wainwright pitched incredible. It seems like we keep saying that. Seems like we keep saying that against the colorado rockies. Everybody pitches really really well starting to think the rockies offense might just be bad. He goes eating third inning. Five strikeouts three wogs. He gets the win as nolan are now Hits a solo shot against the rocks. And i mean really. That's all they needed was one they have won in this game. Two to zero her on marquez looked better out there. Six innings pitched six hits only one earned-run looked better. It was only one earned. Run the other one. Unearned a year but Both rocks or twelve and twenty two now. Eight games back of Of san francisco san francisco. That the team right now and In the nfl west to keep an eye on but Yeah look kentucky's bounce bag what they're supposed to play tonight. Six forty first. Pitch against the san diego padres. Will they play tonight. i'd probably i don't think they will. Just i think that this weather moving in is gonna do enough. Damage that I don't think there's any way we're gonna have any baseball tonight. but the rockies slated for six forty four the first bitch six ten pre-game show coverage starting right here on northern colorado's affiliate for the car out iraqis thirteen ten k. f. k. a. Okay let's go to the colorado avalanche. Shell we This team they've got a huge one coming up tonight that we'll get just second But they do end up taking a pair from the la kings. They win both games three two three two. This matchup tonight against the vegas golden knights is a huge one. The azer four points back on vegas as it sits right now puck. Drop at eight o'clock tonight. Can the avalanche Can avalanche close that. Close that gap a little bit. They're starting to pick a backup winners of five of their last six. Vegas is a very good look. I don't think there's any way around it. These are going to if they meet in the playoffs. I mean that's going to be just an absolutely ridiculous series to watch. These teams have been going at each other all year long and they do it again tonight. At eight o'clock with a little bit more at stake live there. They're closing in on the end of the season. Here what can they. You got kenny. Avs of move back up a little bit and trying to recapture some of that Some momentum and trying to capture that number one sith. Let's go to the hardwood with the denver. Nuggets forty four and twenty four on the year had opportunities against a couple of very very good teams. Just was not able to close the deal They lose to the utah jazz on friday. Night one thousand seven hundred twenty. That was a that was a tough game there. That was one that was close again back and forth to that utah game. He thought well okay. They really need this one too to keep it close but viadana vich goes for forty eight points in this one at a career high just so you know how high of scoring the game. This was to start off. It was forty one to forty denver after one. Not a whole lot of defense out there And so they take in a four point lead at halftime they were up by one heading four in utah pulled away in that fourth quarter michael porter jr. thirty one points But but yeah it was. It was a tough game against utah. So then you say i gotta bounce back against the nets the brooklyn nets here. Kevin durant company and they did. They were up big at the half. They were of big. They were up nine at the half and Well the nets came out. Put up forty one and the third third quarter and twenty eight in the fourth. Quarter the big thing in the fourth. Quarter the nuggets. Only scored fifteen points So that second half has been difficult for the nuggets. Yokich goes for twenty nine seven and six but the nuggets lose one twenty five to one nineteen to the brooklyn nets sets up for a matchup against the charlotte hornets. Tomorrow at five o'clock but now where does that. Leave them in the standings. Where do they said you know..
NewsRadio KFBK
"may 10th" Discussed on NewsRadio KFBK
"The high today 91 to 95 Tonight will be clear with a low of 56 to 60. Tomorrow, Sonny and rather hot with a high of 92 to 96. I'm an AccuWeather meteorologist Joe Lundberg News. 93.1 kfbk Currently the 69 degrees in both Lincoln and Yuba City on news. 93.1 kfbk. Okay, downtime for money and business news. And for that we go over to Kelly Brothers. A cap trust. Good morning, Kelly. Good morning. Yes. UM or re openings New York Stock exchange, inviting more traders and journalists back onto the floor of the exchange. You have Facebook. Reopening their California headquarters building to 10% capacity to go up from there. Obviously, in the months ahead, and some states like Massachusetts, they are now doubling the capacity of some of their sports arenas. So The re opening continues and the market continues to react to that as well and we still have the issue of Can we find enough people willing to give up the government safety net and come back to work? During it, hearing it from or more, cos today's chipotle a saying, boy, we're gonna We're gonna up their minimum wage. Well, they're also offering a referral fee to any of their important employees who bring in someone else to become a future employees. And they're looking for 20,000. Workers across the country refer this from Numerous hospitality companies. Let's check the real time numbers this morning as the Dow it 35,000 for the first time ever currently up to Oh, 6 34 9 83. The NASDAQ's Down one and three quarters. Percent to 13 5 15. The S and P is down. 11 points. Gold up nine oil down just to drop 10 Year Bond Yield 1.57%. All right, Kelly, Thank you so much. Here's Kitty O'Neil. Hey, Kristina and Sam are the federal benefits incentivizing people to not go back to work. We'll tell you what a new Chamber of commerce study says this afternoon. That's coming up starting at four o'clock this afternoon. Okay. Time for what? Here. What happened on this Monday? May 10th Albert Parnell joins us what he have? Yes, the first year. Gotta haves year 18 79. And that's when America's first archaeological society was formed in Boston, Massachusetts feels the archaeological Institute of America. Okay, great shame, dollars yourself. Shut out to them, and we need him. And next, perhaps you're 18 93. And that's when the supporters Supreme Court world and Nick's verse hidden That a tomato is a vegetable, not a fruit under the tariff act of 18 83. But let me just say scientifically. It is a fruit so, the court said it's not. But it is. Yeah. All right. Okay. I'm trying to follow that. It's all for tax purposes. Basically, it's all that legalese. Yeah, okay. Yep. So you could legally say something, something when it's not actually that so that's what lawyers do. Uh, last year that I have is the year 1986. Oh, yeah, That's the pet shop boys and their song West End Girls number one in the charts back in 1986 Remember it Well, Oh, yeah, Thank you, sir. Appreciate I'll get two new.
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"The cybercriminals are listening to all their and they're adding it to their information base for their next creation to threaten security of the united states of america. Which is exactly what they did with. This wasn't a loss leader at the beginning. Was it i mean. Was it just an experiment to see where weaknesses come on. Yeah but you know they have long been targeting oil and gas facilities nuclear facilities. I mean this is ongoing. You know this is not their first bite out the apple. Yeah so okay we. We'll look for more on that story. So what if not another. What have quickly if the outage would last less than five days. Analysts are saying there'd be no lasting impact if it lasts six to ten days fuel prices in the east will jump dramatically if it lasts more than ten days there will be a significant shortage of gasoline jet fuel and heating oil in the eastern states. Hey may we could get the dose father. Elon musk caponi up. Some does coin to pay the rent right. That was the one high point of the whole house. A hoot it. Yeah that was he was. He was quite good. He really was. Price of doj coin is still down. It was down this morning remember. It pushed actually at peaked in intra-day trading over about seventy seven cents a coin before the elon. Musk on saturday live last week. It dropped thirty percent scale said earlier this morning. It dipped again this morning when people like woke up on monday morning and was down twelve percent but it gained that back and it's fifty one cents now gave his mom does claim for mother's day. How fitting really just right here in heart you know. And after that solid rally guilt talked about last week the down the s. and p. are higher this morning which means they're in record territory the dow up one thirty five. That's about four tenths of one percent. Thirty four thousand eight thirteen Thirty five thousand on the dow is in the sites s and p futures up To think what crack that today. What's hundred eighty points away. We could but this week Yeah i mean it's not that far away so we definitely could Snp up now one and a quarter four thousand two hundred twenty. Six nasdaq is down. The tech stocks really stormed at the end of last week. pushed higher. And now they're pulling back just a little bit which is somewhat down eighty four. The nasdaq at thirteen thousand. Six twenty-five yield on the ten year is obeying. It's it's been good this morning. One point five seven percent west texas intermediate crude oil sixty five forty little bit of push higher because of what the colonial pipeline thing. But not not a lot and again doj coined. This morning is at fifty one cents. I can get you bitcoin. Bitcoin is fifty seven thousand seven. Thirty four put that in with the ten year in the west texas intermediate crude because a lot of folks are intrigued..
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"Enough though the legislature the state legislature isn't paying any attention. Just twenty percent wished to ban these items altogether voters clearly understand the impact that an outright ban would have on restaurants many of which are small businesses in their communities. Eighty-three percent say an outright ban would have a major or somewhat large impact on local restaurants because of the pandemic. There's no appetite well except for those under the gold dome for more regulations on restaurants as it relates to plastic items at this particular point at sherri pipe despite conflicting language concerning the exact date at which single use plastic bags will no longer be able to be sold at the point of purchase. The bill once again says inventory purchased before september first twenty twenty two and used on or before march thirty first two thousand twenty three. It's exempt however there is that ten cent per bag fee that we as consumers as customers at a minimum will face. The bill also says only recycled paper bag so be available for at a minimum ten cent v. after september first twenty twenty two now the fee appears to be exempt from recently passed prop one seventeen as it would not fund a new state. Enterprise fund rather sixty percent of the money collected. It would be sent on a quarterly basis to the local municipality while the stores and retail food establishments would retain the other forty percent. It's not clear. What government service. The person paying the charges actually being provided whether it is one of the traditional oh this is one of the traditional definitions of a fee which we all know yes attacks by any other name for example paying a fee to get a driver's license renewed or fee to pull to pull a building permit. This raises the question of the bag charge resembling more tax than a fee. Which would require a vote of the people fall under taber. The colorado tax payers bills of rights says nothing more than just a convenient work around house. Bill eleven sixty two also bans after january first twenty twenty two the use of certain others single.
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"Well. It could talking about medina spirits. Have you read the back story on the source. I mean it sold for a thousand bucks when it was a yearly. Nobody wanted it because it came from questionable. Well let's just say Non recognizable lineage. This oso hoity. Toity horse racing world came from a ten acre farm. But oh this horse has a aptly named medina spirit has not only spirits to heart but unfortunately also after winning the kentucky derby testing positive for banned substance substances so medina spirits victory and the kentucky. Derby heartbreaking don't you. It's in serious jeopardy. Because of this failed post race drug test one that led churchill downs to suspend hall of fame trainer bob baffert on sunday in the latest scandal to plague. The sports seems so scandal. Horse racing somewhat synonymous in some ways. Sixty five now. Thirteen ten k of k thirteen ten kfi k. a. dot com northern colorado's voice mornings with gail via the auto collisions specialists studios. Needless to say baffert denied all wrongdoing promised to be fully transparent with the kentucky horse racing commission during its ongoing investigation. Apparently baffert and his team received word saturday. According to a piece out of associated press That medina straight had tested positive for an excessive an excessive amount. That very very interesting of this. A steroid. The always have about six syllables right. beta mathis zone. Okay that one was easier to say which is sometimes used to treat pain and inflammation in horses. Now i'm keen on that word excessive amount because apparently a little bit of this steroid is fine. And if you're over the line well. You could be disqualified so at this point in time medina spirits win in the derby stands at least for now to be clear. Findings upheld medina spirits results in the kentucky. Derby will be invalidated and mandolin will be declared the winner this is what churchill downs officials said in a statement shortly after baffert held rather hastily planned news conference outside his barn to announce and responded to the allegations for a little medina's spirit. He didn't have anything to do with breaking the rules cheating. I hope that isn't the case of course baffert says it's because they're against bob baffert.
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"Range for new parks. Take a look at wyoming. The decimation of the elk herds in wyoming is obvious says former colorado wildlife measured commissioner wreck. Rick engstrom is obvious to anyone. In consumptive. Wildlife usage in wyoming. We're going to be spending a lot of money on this before it's over stands to reason reduced big game. Herds mean fewer hunting opportunities diminished hunting experience. Especially for out of state hunters. Who spent far more on licenses than residents due for example. A resident bull elk licenses. Fifty six dollars and eighty eight cents. Compared contrast a nonresident license is wait for it. Six hundred and eighty eight dollars and twenty six cents. Diminish hunt satisfaction also translates directly into lower tax revenues for counties and communities that depend heavily on annual hunting revenues. Oh and then. There's the moose in wisconsin minnesota and alaska moose calves. Our favorite foods or source for woods wolves tasty particularly in winter and moose populations have suffered under wolf protection laws. Ted harvey political consultant former state senator. Who ran the stop. The wolf pack in the run up to the two thousand and twenty election told complete colorado that there have been public statements by the proponents that they're hoping to have five hundred wolves in colorado. At some point cautions harvey. This is the epitome of foolishness when you see what. The devastation is to the herds in the northern rocky mountains or in minnesota and wisconsin. We've spent a ton of money on the introduction of the moose in colorado over the last forty years now we're just going to say too bad so sad. Good luck with that. All you moves because we're just going to introduce wolves apparently so now. According to the first of a three so called educational sessions Presented by the colorado parks and wildlife commission and some four hundred interested persons this at an april twenty eighth zoom meeting. Dr diane boyd wolf expert in philly at faculty member at the university of montana said that montana idaho wyoming washington oregon spend between one and two million dollars each each and every year on wolf management. Boyd said and twenty twenty wyoming had three hundred eleven wolves in forty three packs. Idaho had well considerably more one thousand five hundred and fifty six wolves in eighty to one hundred packs. Montana one thousand one hundred thirty six wolves and one hundred ninety packs and oregon had a hundred and seventy three wolves in twenty two packs. Now the wolf depredation situation in idaho. I don't wants them gone. Idaho is sick of them. It appears to be so bad that the state legislature just passed senate bill twelve eleven in an effort..
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"The question. Well how do you re introduce something that is already here. I don't know a head scratcher for me. Six thirty nine now thirteen ten. Kfi a thirteen ten kfi k. A. dot com northern colorado's voice mornings with gail via the auto collision specialists studios. Could it be called someone already. Coined this phrase. So i can't take credit for it but it has been called the cost of colorado's forced wolf introduction as well. it's already taking its financial toll. I gotta love this phrase a circular self-destruction formula sounds kind of like the gop of recent years. Right but i digress. Scott weiser writing in complete colorado on page two as the colorado division of parks and wildlife grapples with the process of forcibly introducing. Those gray wolves. We need to be specific here. Gray wolves into western colorado but the question still stands. Because how do you reintroduce something. That is already here. I mean i don't think they read signs and there might have been signing up on the border saying gray wolves. Turn back not welcome here now. They don't read thirty here but beyond that. Yes we had you know. All of the animal lovers in urban areas that very rarely see wolves or see the destruction that they can cause all getting behind that proposition. One fourteen forcibly introducing gray wolves into western colorado as dictated by prop one fourteen. Well does it come as any surprise that the predicted costs of importing and managing wolves continues to rise. Now we're going to get into the weeds just a little bit here. But there with means in the fiscal note for the initiative right scott weiser incomplete colorado page to the legislative council staff predicted a two year cost of eight hundred eleven thousand seven hundred and ten dollars. And that's only to get the forest wolf program off the ground up and running pardon the pun and could not predict cost beyond twenty twenty three now proposition. One fourteen past with a narrow margin of just over fifty six thousand votes statewide with the outcome heavily influenced as formerly referenced by range metropolitan voters overall roughly sixty two percent of western slope voters. Who will actually live with the consequences of wolf importation said hell no to the measure But it wasn't enough to overcome that front range voter advantage. Only one of five bills in the state legislature this session directed at a program funding and management still survives. So far that's house bill. Twelve forty three this would amend the statute to by easing the financial burden on the wildlife cass fund which is primarily funded through hunting and fishing license fees. The bills fiscal now says that it quote assumes that under current law the wildlife cash fund is the default source of funding source to be used now in the draft state budget for fiscal year. Two thousand twenty one. This begins in july parenthetically. Five million dollars was scheduled to be appropriate for the program that in the last round of budget negotiations. That amount was actually slashed to about one point one million which is far higher than the three hundred eleven thousand seven hundred and sixty eight dollars the legislative council staff. The lcs says is required for fiscal year. Twenty twenty one. Twenty two according to the us fish and wildlife service after the nineteen ninety-four forced wolf introduction to yellowstone national park through twenty twelve elk herds decreased by more than eighty percent wolves. Get the job done now. Weren't they and most of the natural dispersion of wolves in the west since one thousand nine hundred four centers on the yellowstone packed says we'll populations increase. And they do what they do. They pray you might have. Wolves migrating in search of better pray opportunities and.
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"Else of what. I would call rather triumphant spy. spacex and tesla. Ceo elon moscow. On saturday night live which well the value of does coin Took a nosedive over the span of the show but actually recovered to some degree. Well it dropped and thank you keith. Wineman presidential wealth management for checking out these numbers. Those coin actually dropped another twelve percent this morning but it Rebounded made a rally back up to fifty one cents so again you curious about does coin and keith. Whiteman presidential wealth management long. Well issued a hush inari tail kind of warning that you probably at this point in time don't want to base here in tyre retirement portfolio. Not even most of your retirement portfolio on does coined. But think of it as well. If you've got some extra coins laying around and you just want wanna play you know kinda like going and taking your chances go onto lost wages and you don't wanna bet the nest egg right to know. That would never be prudent. But i think that as a your form of play money so are you. Invested in adoc point be interested in hearing this morning nine seven hundred three five three thirteen ten. I'm still scratching my head and trying to figure it out. Well we will do. Just that. Because i am a hot on the trail of a those coined expert. Okay as a crypto currency billion air and trying to get him on the show this week. Because i think it'd be fascinating to hear his experiences because well when he talks about the blockchain he actually as does the on. Moscow knows what he's talking about for many of us just kind of like i have no idea. Oh at newfangled does coin right six twenty six now thirteen ten. Kfi a thirteen ten k. A. dot com northern colorado's voice mornings with gail via the auto collisions specialist studios. All right. well we knew it was common and indeed it did. Is that chinese rocket debris lands in the indian ocean. And isn't that funny. Because it's a chinese rocket it seems as though nobody's really saying much about it. It's kind of like crickets. Could you imagine if it was One of our rockets came down. Oh my gosh the umbrellas and the outrage from the global community. I think would be quite strident. Don't you but yeah. You had remnants of china's biggest rocket landing in the indian ocean on sunday. It was kinda like a roulette wheel. Nobody really knew where it was going to come down with it. Burn up upon reentry. Well a lot of it did. Most of its components were destroyed upon reentry into the atmosphere Basically ending days of speculation. Over where that debris would actually hit now the coordinates given by the chinese state media citing of course the china manned space engineering office and well i mean they always tell the truth. Right to state media does right so they must be right. They must be accurate. They must be correct. They put the point of impact in the ocean. West of the mounties archipelago debris from the long march. Five be well. It had a lot of people looking wehrley skywards since it blasted off of china on april. Twenty ninth but once again china manned. Space engineering office said no worries. Most of the debris was bird up in the atmosphere. Now the us space command did confirm the reentry of the rocket over the arabian peninsula. It was unknown. If the debris impacted land and water it said in a statement on its website the exact location of the impact in the span of the debris..
Mornings With Gail - 1310 KFKA
"may 10th" Discussed on Mornings With Gail - 1310 KFKA
"So our viewers may not know anything about this. What are cryptocurrencies type of digital money. But instead of being controlled by a central government there decentralizing blockchain technology and lately prices have been soaring for cryptos bitcoin. If there especially those going what is those coin. Well it actually started as a joke based on an internet mean but now it's taken off in a very real way. Okay but what is those coins. Well it was created in two thousand thirteen and has a circulating supply of one hundred seventeen billion coins of which one hundred thirteen billion have already been mined cool. So what does does corey leka said. It's a digital currency okay. For instance does a dollar right. Israel safe sorta. So what is those coins about. Israel is that dollar sensitive. I've actually been reading a lot about it. And trying to diversify my investment portfolio and my question is what is.
KCRW
"may 10th" Discussed on KCRW
"What's behind new clashes in Jerusalem between Palestinians and Israeli police. Ah plan from the Biden administration to help people who are homeless and allegations of doping that could unseat the winner of the Kentucky Derby. It is Monday. May 10th SNL's Keenan Thompson is 43 years old today. The news is next. Live from NPR news in Washington. I'm winter Johnston pharmaceutical giant Fizer has applied for full FDA approval of its vaccine for covert 19. NPR's Allison Aubrey reports that approval would have several implications, including the possibility of more vaccination mandates across the country. Full approval would give the vaccine makers the ability to market the vaccine directly to consumers. But also Steve full approval could pave the way for more mandatory requirements. For instance, many hospitals health care institutions, they require their employees to get the flu shot every year. We could see that for covert vaccines, perhaps in the military or more schools may require it. NPR's Allison Aubrey reporting. The FDA this week is expected to authorize the emergency use of the Fizer vaccine for Children between the ages of 12 and 15. There's been renewed violence in Jerusalem more than 300 Palestinians were wounded during confrontations with police today at a sensitive religious site. NPR's Daniel Estrin reports from outside the walls of Jerusalem's Old city. Israeli police say Palestinians threw rocks as police responded.
A Light Read Read
"may 10th" Discussed on A Light Read Read
"A minute. Get again mail down some kind of odd fans so come to you. for Let us know man Lies down on smile. So the the a let me go say said against A if you love me then a month..
KOMO
"may 10th" Discussed on KOMO
"Arrested. He was taken into custody, and he went asked questions. He said he wanted a lawyer, so all questioning ended. 53 year old Barry More view is charged with first degree murder, as well as with tampering with physical evidence and an attempt to influence a public servant. A neighbor called 911 on May 10th last year to report the 49 year old mother of two was missing, saying she went for a bike ride and never returned at the time. Her husband was reportedly in Denver, 3.5 hours away. Soon after, though he went in front of cameras. If anyone is out there that can hear this. Has you? Please do whatever it takes to bring you back, issuing a desperate plea for her safe return, along with a $200,000 reward, no questions asked. However much they want. I will do whatever it takes to get you back. Honey, I love you. For weeks, search and rescue teams scoured the area, according to her family. The only sign of her was her bike and an unspecified personal item. And though her body has not been recovered, the Chaffee County Sheriff's office says she is believed to be dead. And there are no other arrests expected. Today is not a day for celebration, nor doesn't mark the end of this investigation. Rather, it's the next step in this very difficult yet very important journey as we seek justice for Suzanne and her family. More few sister Melinda speaking with local station K xr him after the arrest, justice beginning for my sister and sharing a special message for her niece is more fuse daughters. I will never stop loving you. And I'm here for you. Whenever you need me, girls Now you heard him make that clear that video suggesting someone might have her and hail. Do whatever just want to get my wife back. He also suggested that one point that maybe she was killed by a mountain flying. That's NBC's TJ Holmes. Come on news time. 5 14 ended update on coma Traffic.