40 Burst results for "Michelle"
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Unplugged | Analyzing Market Headwinds and Tailwinds
"This episode of Markets Daily is sponsored by Kraken. This is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. Since I'm out at a conference today, this episode has a different format than usual. Rather than talk about market performances, I'm going to give my thoughts on the main tailwinds and headwinds currently affecting crypto markets. And just a reminder, Coindesk is a news source and does not give investment advice. We all know that markets have been range -bound recently. For many, this is surprising given the potential upside of a spot Bitcoin ETF approval. For others, the resilience is unexpected given the downward pressure from higher interest rates. Both are strong forces and there are others in the mix as well. What we are seeing is positive and negative trends largely cancelling each other out amid a general lack of interest from new large investors. So, let's step back and take a look at some of the main positive and negative narratives and then I'll talk about how they are affecting new investor interest. Starting with the tailwinds. The most significant is the potential boost in demand that would come from approval of a Bitcoin spot ETF. Why would demand increase? Because an ETF that trades on US markets is a convenient wrapper for Bitcoin exposure. It makes it much easier for retail investors to add a small Bitcoin position for diversification purposes and many institutions can only invest in listed products. With an ETF, they would now be able to diversify their funds or even take a speculative position. The eventual demand for a spot Bitcoin ETF is likely to be greater than for the Bitcoin futures ETF. It's a better product in that it involves less rollover costs and therefore should deliver better alignment with the Bitcoin price. How likely is approval? Bloomberg analysts have put the probability at 75 % by the end of this year. 95 % by the end of 2024. So, not a sure thing, but pretty likely. I think it will happen and it is not yet anywhere near priced in. Other tailwinds. Activity on the Bitcoin blockchain is picking up. The 30 -day moving average of the number of active Bitcoin addresses on any given day is more than 20 % up from the local low in May, almost 15 % up since the beginning of the year, according to data from Glassnode. That suggests the network is broadening. Adoption of the Lightning network is likely to start picking up as Coinbase moves to adopt its fast and cheap Bitcoin transfer technology. This could end up boosting demand for Bitcoin as greater liquidity on Lightning brings in more users. And long -term holders of Bitcoin are still accumulating. Yesterday MicroStrategy revealed in a filing the purchase of a further 5 ,445 Bitcoin. Back in August, the company had suggested it was ready to accumulate even more. For Ethereum, approval of the first listed Ether futures ETF is likely within the next few months, with a probability of 95%, according to Bloomberg analysts. Again, not a sure thing, but the odds are looking good. Although it is a futures product, it could boost demand for spot Ether, much like the Bitcoin futures ETF launch in October 2021 that propelled the Bitcoin price up to $69 ,000. And finally, sticking with Ethereum, the network's next major upgrade is expected early next year or possibly sooner. This will improve Ethereum's scalability, potentially increasing its use and therefore also demand for Ether. Now this is far from a comprehensive list. There are many more factors supporting the crypto market, but in the interest of time, let's move on to the headwinds. One of the more significant headwinds is the regulatory cloud in the US, specifically the lack of clarity on what is and isn't a security. The general fear that the SEC or the CFTC will launch actions against a project is dampening activity, and the potential impact on the price of tokens that become the subject of regulatory scrutiny and or find themselves delisted out of necessity or caution. That's most likely enough to keep investors away from smaller tokens. It even impacts Ether, the second largest crypto asset by market cap. Ether's transaction volume is not totally dependent on DeFi activity, but they are related, and DeFi activity is down. According to data source DeFi Llama, total value locked on Ethereum -based DeFi applications is at its lowest level since January 2021. DeFi interest is dampened at the moment in part because of regulatory uncertainty and in part because of some recent high -profile exploits that have reminded investors how new this all is and how relatively untested the different attack vectors are. Another big headwind is the outlook for US interest rates. I say US interest rates because they are one of the key levers for global liquidity. This lever acts through the cost of lending and also through the price of US government bonds, the assets most used as collateral for short -term financing. US interest rates also act on the US dollar. Higher rates generally means that the US dollar will be heading up, and this influences liquidity in any country that imports goods priced in dollars or that has issued dollar -denominated debt. There are even more channels than this, but the bottom line is that higher US interest rates do tend to dry up global liquidity. This affects the flow of funds into higher volatility low -income assets such as tech stocks and crypto assets. Suffice to say that expectations are settling in that US rates will be higher for longer, and macro investors are likely to be more inclined to take advantage of the high returns available in safe bonds, especially when fears of an impending recession are gathering momentum. It's a fascinating time in crypto markets, even though the price movements are not particularly interesting. Bitcoin and Ether historical volatility are at their lowest point since January, which itself was a multi -year low. It's fascinating because I don't remember a time when you have this tug of war between such compelling narratives. The market is telling us that the headwinds and tailwinds are more or less evenly balanced. There are days when optimism is winning and we see clear signs of a pickup and accumulation activity. There are days when price movements bring out more sell orders. How long will this continue? That's hard to answer, since a bad economic read, a bank in distress, further climbs in the oil price, or a spike in geopolitical tension – all those things could happen at any time and they could send interest rate expectations hurtling up or down. We could also get some more unwelcome moves from regulators at any time. On the other hand, we could get some positive price moving news in the form of a new fund taking a crypto asset position, another nation state supporting Bitcoin mining, or of course a Bitcoin spot or Ether futures ETF approval. Any of these, or something I haven't thought of yet, could drop at any time. The uncertainty is dampening price movements while contributing a veil of suspense. Meanwhile, progress on network applications across the world is changing. The headwinds facing the crypto market at the moment will eventually dissipate, perhaps to be replaced by others. The tailwinds will change too, and new ones will emerge. It's up to investors to decide for themselves which type of wind will be more powerful in the months to come. And that's it for this week's show. If you liked the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso, with executive production by Jared Schwartz. I'm Noah Lacheson for Coindesk. We're back tomorrow with more market news and insights.
WTOP 24 Hour News
Fresh update on "michelle" discussed on WTOP 24 Hour News
"Pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. Wait, you own the pharmacy? Surprise! Jeez, what else do you own? Oh, insurance companies, pharmacies. Insurance companies and their PBMs can profit from where you get your prescription filled. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. Coming up, NFL fans doubled fun their last night while the Nats and Os prepared to play too. Sports in 10 minutes on WTOP. I'm Bob Burke, founder and chairman of Burke America Parts Group, a family of brands that includes RepairClinic .com, an appliance and HVAC parts solution company that's grown into an international brand. Before American Eagle, we partially launched a new technology platform developed by another firm. American Eagle helped take our technology to a whole new level with digital marketing, software development and business insights into our key markets. Appliances, HVAC and outdoor power equipment and did so both on time and on budget. AmericanEagle .com has the resources, experience and talent needed to produce solutions. Our new technology platform developed by AmericanEagle .com has produced tremendous results with higher traffic, conversion, engagement and online revenue. If you have any home repairs you need to take care of, check us out at RepairClinic AmericanEagle .com. If you need a world -class website or technology project then I would highly recommend AmericanEagle .com. Call AmericanEagle .com at 773 -NETWORK. That's AmericanEagle .com, 773 NETWORK. Everything you need, every time you listen. WTOP News. 615, I'm John Aaron. And I'm Michelle Bash. The next phase of a multi -year, multi -million dollar improvement project is about to start along heavily traveled Columbia Pike in Arlington. As WTOP's Sandi Kozel reports in her series, Living with Road
Markets Daily Crypto Roundup
A highlight from Crypto Unplugged | Analyzing Market Headwinds and Tailwinds
"This episode of Markets Daily is sponsored by Kraken. This is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. Since I'm out at a conference today, this episode has a different format than usual. Rather than talk about market performances, I'm going to give my thoughts on the main tailwinds and headwinds currently affecting crypto markets. And just a reminder, Coindesk is a news source and does not give investment advice. We all know that markets have been range -bound recently. For many, this is surprising given the potential upside of a spot Bitcoin ETF approval. For others, the resilience is unexpected given the downward pressure from higher interest rates. Both are strong forces and there are others in the mix as well. What we are seeing is positive and negative trends largely cancelling each other out amid a general lack of interest from new large investors. So, let's step back and take a look at some of the main positive and negative narratives and then I'll talk about how they are affecting new investor interest. Starting with the tailwinds. The most significant is the potential boost in demand that would come from approval of a Bitcoin spot ETF. Why would demand increase? Because an ETF that trades on US markets is a convenient wrapper for Bitcoin exposure. It makes it much easier for retail investors to add a small Bitcoin position for diversification purposes and many institutions can only invest in listed products. With an ETF, they would now be able to diversify their funds or even take a speculative position. The eventual demand for a spot Bitcoin ETF is likely to be greater than for the Bitcoin futures ETF. It's a better product in that it involves less rollover costs and therefore should deliver better alignment with the Bitcoin price. How likely is approval? Bloomberg analysts have put the probability at 75 % by the end of this year. 95 % by the end of 2024. So, not a sure thing, but pretty likely. I think it will happen and it is not yet anywhere near priced in. Other tailwinds. Activity on the Bitcoin blockchain is picking up. The 30 -day moving average of the number of active Bitcoin addresses on any given day is more than 20 % up from the local low in May, almost 15 % up since the beginning of the year, according to data from Glassnode. That suggests the network is broadening. Adoption of the Lightning network is likely to start picking up as Coinbase moves to adopt its fast and cheap Bitcoin transfer technology. This could end up boosting demand for Bitcoin as greater liquidity on Lightning brings in more users. And long -term holders of Bitcoin are still accumulating. Yesterday MicroStrategy revealed in a filing the purchase of a further 5 ,445 Bitcoin. Back in August, the company had suggested it was ready to accumulate even more. For Ethereum, approval of the first listed Ether futures ETF is likely within the next few months, with a probability of 95%, according to Bloomberg analysts. Again, not a sure thing, but the odds are looking good. Although it is a futures product, it could boost demand for spot Ether, much like the Bitcoin futures ETF launch in October 2021 that propelled the Bitcoin price up to $69 ,000. And finally, sticking with Ethereum, the network's next major upgrade is expected early next year or possibly sooner. This will improve Ethereum's scalability, potentially increasing its use and therefore also demand for Ether. Now this is far from a comprehensive list. There are many more factors supporting the crypto market, but in the interest of time, let's move on to the headwinds. One of the more significant headwinds is the regulatory cloud in the US, specifically the lack of clarity on what is and isn't a security. The general fear that the SEC or the CFTC will launch actions against a project is dampening activity, and the potential impact on the price of tokens that become the subject of regulatory scrutiny and or find themselves delisted out of necessity or caution. That's most likely enough to keep investors away from smaller tokens. It even impacts Ether, the second largest crypto asset by market cap. Ether's transaction volume is not totally dependent on DeFi activity, but they are related, and DeFi activity is down. According to data source DeFi Llama, total value locked on Ethereum -based DeFi applications is at its lowest level since January 2021. DeFi interest is dampened at the moment in part because of regulatory uncertainty and in part because of some recent high -profile exploits that have reminded investors how new this all is and how relatively untested the different attack vectors are. Another big headwind is the outlook for US interest rates. I say US interest rates because they are one of the key levers for global liquidity. This lever acts through the cost of lending and also through the price of US government bonds, the assets most used as collateral for short -term financing. US interest rates also act on the US dollar. Higher rates generally means that the US dollar will be heading up, and this influences liquidity in any country that imports goods priced in dollars or that has issued dollar -denominated debt. There are even more channels than this, but the bottom line is that higher US interest rates do tend to dry up global liquidity. This affects the flow of funds into higher volatility low -income assets such as tech stocks and crypto assets. Suffice to say that expectations are settling in that US rates will be higher for longer, and macro investors are likely to be more inclined to take advantage of the high returns available in safe bonds, especially when fears of an impending recession are gathering momentum. It's a fascinating time in crypto markets, even though the price movements are not particularly interesting. Bitcoin and Ether historical volatility are at their lowest point since January, which itself was a multi -year low. It's fascinating because I don't remember a time when you have this tug of war between such compelling narratives. The market is telling us that the headwinds and tailwinds are more or less evenly balanced. There are days when optimism is winning and we see clear signs of a pickup and accumulation activity. There are days when price movements bring out more sell orders. How long will this continue? That's hard to answer, since a bad economic read, a bank in distress, further climbs in the oil price, or a spike in geopolitical tension – all those things could happen at any time and they could send interest rate expectations hurtling up or down. We could also get some more unwelcome moves from regulators at any time. On the other hand, we could get some positive price moving news in the form of a new fund taking a crypto asset position, another nation state supporting Bitcoin mining, or of course a Bitcoin spot or Ether futures ETF approval. Any of these, or something I haven't thought of yet, could drop at any time. The uncertainty is dampening price movements while contributing a veil of suspense. Meanwhile, progress on network applications across the world is changing. The headwinds facing the crypto market at the moment will eventually dissipate, perhaps to be replaced by others. The tailwinds will change too, and new ones will emerge. It's up to investors to decide for themselves which type of wind will be more powerful in the months to come. And that's it for this week's show. If you liked the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso, with executive production by Jared Schwartz. I'm Noah Lacheson for Coindesk. We're back tomorrow with more market news and insights.
WTOP 24 Hour News
Fresh "Michelle" from WTOP 24 Hour News
"Beltway between alexandria mclain nothing in your way going into the district i -295 and dc 295 looking good so far rich hunter wtop traffic cool and damp conditions out there with even some patchy fog our temperatures in the 50s most neighborhoods there will be again areas of mist and drizzle around the area and a chance for is prior to noon today and then just overcast skies temperatures will be hard pressed to get above of sixty five degrees i'm seven news chief meteorologist ronnica johnson in the first alert weather center sixty one degrees in washington right right now good morning when when there's not enough coffee in all of washington to get you going you've got john and michelle
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
WTOP 24 Hour News
Fresh "Michelle" from WTOP 24 Hour News
"Windows are built right here for our unique climate to money on your utility bills. Call today for their biggest sale of the year. For a limited time get 25 % off all Thompson Creek windows and doors plus no interest until 2025. Get new windows and doors for the cold weather hit. Call 855 57 Creek now. Home sweet home, Home sweet Thompson Creek. When there's not enough coffee all in of Washington to get you going. You've got John and Michelle. Mornings on WTOP is WTOP at 436. Welcome in. A third person has been charged in the death of a toddler apparently poisoned by fentanyl inside a New York City daycare center. 38 year old Renee O is 'Connor charged this morning with narcotics distribution in this case resulting in death. 10
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ethereum Activity Lags Despite Network Upgrades, Altcoin Volatility Surprises
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 22nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about Ethereum activity, altcoin volatility, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Markets this morning seemed to be recovering after a rough few days. Bitcoin has been fairly range -bound for the past 24 hours and at 10 am Eastern Time this morning was up 0 .6 percent, trading at $26 ,607 according to CoinDesk indices. Ether has been doing better so far today, up almost 1 .1 percent over the past 24 hours, trading at $1 ,595. On the week, Bitcoin is up 0 .4 percent, while Ether is down 1 .8 percent. In traditional markets, yesterday was the S &P 500's worst day since the aftermath of the S &P 500's steepest drop in over 100 days. This morning, however, stocks are recovering, with the S &P 500 up over two -tenths from yesterday's close, NASDAQ up almost half a percent, and the Dow Jones up one -tenth of a percent. In Europe, the FTSE is also recovering after yesterday's late trading slump and earlier today was up two -tenths of a percent. This comes in spite of economic releases this morning showing contracting activity from the service sector and a steeper -than -expected year -on -year slump in UK retail sales. Eurozone data out this morning showed a deeper -than -expected contraction in manufacturing activity with new orders declining the most in nearly three years. The German DAX index dropped sharply on the open today but has since largely recovered. The Euro Stoxx 600 index is down almost two -tenths of a percent. In Asia, Japan's Nikkei index fell just over half a percent as the country's year -on -year core inflation came in slightly higher than expected. This is fueling speculation that the Bank of Japan could end its negative rate policy early next year. However, economic growth is a concern. Data out today showed that business activity in Japan slowed to a seven -month low in September. In China, the Shanghai Composite closed up over one -and -a -half percent yesterday. Recent data suggests the growth slump has bottomed out. This is fueling optimism that recent stimulus measures will speed up economic growth. Hong Kong markets also had a good day with the Hang Seng up over half a percent. In commodities, the Brent crude benchmark continued its pullback trading at $93 .27 per barrel, down almost eight -tenths of a percent over the past 24 hours. Concerns about global economic activity are outweighing concerns about tightening oil supply. Yesterday, the Russian government announced gasoline and diesel export restrictions in order to stabilize fuel prices in the domestic market. Gold lost some ground yesterday as investors reacted to the prospect of a stronger US dollar, reaching a weekly low before climbing again. Earlier today, it was trading down almost eight -tenths of a percent at $1 ,927 per ounce. Stay tuned. After the break, we'll take a look at Ethereum activity and is the crypto market's largest meme coin becoming stable? Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. In this section, we're going to look at what's going on with Dogecoin volatility. But first, despite network upgrades, Ethereum's activity is not picking up. In a recent report, JP Morgan analysts noted that Ethereum's Shanghai upgrade, implemented in April to enable the withdrawal of staked tokens, has not delivered much of a boost to network activity. Ethereum's daily transaction count has fallen 12 % since the upgrade, according to the analysts, and the number of daily active addresses has dropped nearly 20%. To be fair, the purpose of the Shanghai upgrade was not to boost Ethereum transactions. It was to encourage staking by making it more flexible. Ethereum's security depends on the spread of its staking network. It has succeeded in that. Since the upgrade, the number of validators has increased by almost 50%. Also, the circulation of Ether has always been heavily influenced by DeFi activity, which is still grappling with regulatory uncertainty, recent exploits and last year's market shocks. But network activity is an important part of liquidity, which is significant for investors. And Bitcoin's activity has been recovering. The average number of daily transactions on the Bitcoin blockchain has more than doubled over the past few months, while the number of active addresses is more than 10 % higher on a seven -day moving average basis. Looking further out, Ethereum has some more upgrades in the pipeline, which will be focused on increasing throughput and therefore also, in theory, network activity. Given the community's success so far in implementing ambitious changes to improve the blockchain's functionality, Ethereum's declining activity now should not necessarily be taken as a sign that the network is less interesting. And finally, just in case you needed more evidence that these markets are, well, strange, this morning Omkar Ghoboli reported that Dogecoin, the largest meme token by market value and typically one of the riskier crypto investments, now has a lower 30 -day historical volatility than Bitcoin. Normally, a decline in volatility signals deep market liquidity and maturity. With Dogecoin, neither is the case at the moment. So, as with Bitcoin, below volatility is yet another sign that investors are staying away. That's it for today's show. I hope you all have a great weekend. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and, if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noah Latcheson for Coindesk. We're back tomorrow with more market news and insights.
WTOP 24 Hour News
Fresh update on "michelle" discussed on WTOP 24 Hour News
"The M Street just be a little careful there as a result but again not causing any big delay so good news I still working at last check on the inner loop as you approach Arlington Boulevard although they are now backing up picking up the barrels there so give them about 10 to 15 minutes we'll have that completely wrapped up and cleared again the wet weather definitely taking its toll to have traffic starting out with spotty showers across the area this morning a little drizzle a little mist temperatures in the 50s so on the cool side and it is going to be a chilly day ahead with an afternoon temperature of only around 64 to 65 degrees most of your spotty showers will be during the morning hours up until noon Wednesday you're partly to mostly cloudy with temperatures a little milder in the mid to upper 50s throughout the area I'm seven news chief meteorologist Veronica Johnson in the first alert weather center right now we're at 61 in georgetown it's 59 buoy this morning 59 glieseberg 61 and holding in our nation's capital and spirit dance is a local nonprofit whose mission is to provide high -quality dance programs for local public schools of all ages dance education for kids has been shown to reduce dropout rates improve attendance and academic performance and students help feel a sense of community in spirit dance hosts local social dance events in Arlington with proceeds going to dance education for students in our local public schools come support a good cause while having fun learn a new skill and meet new people visit in when there's not enough coffee in all of washington to get you going you've got john and michelle mornings on wtop news this is wtop news everything you need every time you listen the wtop producers desk is wired by
Markets Daily Crypto Roundup
A highlight from Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. the all new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned modular trading interface. So head to pro .kraken .com and trade like a pro. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
WTOP 24 Hour News
Fresh update on "michelle" discussed on WTOP 24 Hour News
"Jewelry my family started dominion jewelers over 30 years ago hi i'm michelle barmani and our commitment to quality craftsmanship and exceptional customer service has set the standard in the jewelry industry one of the secrets to our success has been our marketing partnership partnership with wtop years ago we began working with wtop to promote our custom jewelry through radio messages and as we grew so did our relationship today wtop has helped us expand our reach through digital marketing creating our website and ensuring top placement in google searches and exposure across social media if your business can benefit from a marketing partnership that includes digital marketing social media and google premiere partner status and go to wtop .com and search if you're in the market for custom jewelry that reflects your style schedule an appointment at dominionjewelers .com we make it beautiful you make it yours tuesday morning september 26 glad you're with us start to the early part of your day 12 25 in the morning on wtop sports at 25 and five powered by red river technology decisions aren't black and white think red and our first midnight hit with broad the cincinnati bangles got their
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. the all new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned modular trading interface. So head to pro .kraken .com and trade like a pro. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Hints of Green Shoots After the Crypto Winter With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 19th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about hints of green shoots after the crypto winter, going by recent announcements of crypto funds. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto volatility certainly does seem to be coming back, judging from price moves over the past 24 hours. Yesterday, we talked about how prices were rising. Well, around about midday Eastern time yesterday after we recorded, they fell sharply, with Bitcoin dropping almost 1 .7 % in half an hour. Early today, they rapidly climbed, with Bitcoin again breaking through $27 ,000. Then there was another sharp drop and another climb. And well, you get the picture. At 10 a .m. Eastern time today, Bitcoin was trading at $26 ,975, down just over 1 % over the past 24 hours. Ether was trading at $1 ,638, down 1 .2%. Bitcoin does seem to be leading the market here. Last week, I talked about Bitcoin dominance, which is Bitcoin's percentage of the total crypto market cap. Another metric worth following to gauge market sentiment is the ratio of Bitcoin and Ether prices. Simply, Bitcoin's price divided by Ether's price. When it is rising, Bitcoin is outperforming. And when it is falling, Ether is outperforming. Over the past month, this ratio has risen by more than 6%. In traditional markets, investors around the world are braced for a slew of central bank rates decisions this week. The announcements kick off with the U .S. Federal Reserve's decision tomorrow. And throughout the week, we will get announcements from 10 more, concluding with Japan on Friday. In the U .S., as we mentioned yesterday, expectations are for a pause. Tomorrow, we also get updated economic projections in which we could see the FOMC Committee signal even higher interest rate expectations and a pushing out on the calendar of rate cuts. The inflation data we saw last week showed that core inflation is still, at 4 .3 % year -on -year, more than double the Fed's target of 2%. And headline inflation for August showed a higher -than -expected uptick while the latest jobless claims continue to show employment strength. There is little reason for the Federal Reserve to even hint that rate cuts might be coming soon. Concerns about some tough language from the Fed tomorrow, as well as the impact of rising oil, have pushed U .S. stock indices lower in trading so far today, with the S &P 500 down almost 0 .4%, the Nasdaq down almost 0 .7%, and the Dow Jones down almost 0 .3%. Over in Europe, the FTSE 100 is up slightly, as traders await a U .K. inflation print tomorrow. This is expected to show an uptick to back above 7 % year -on -year, a figure which could influence the Bank of England's rates decision on Thursday. Eurozone indices also appear to be in a wait -and -see mode, with the German DAX down less than 0 .2 % and the Euro Stoxx 600 flat in trading so far today. In Asia, Japan was down almost 0 .9%, as investors sold chip stocks after Taiwan's TSNC, the world's largest chip manufacturer, signaled slowing demand. In China, the Shanghai Composite was more or less flat today, as traders await a decision from the central bank on the benchmark loan prime rate. At the monthly fixing tomorrow, the central bank is expected to leave the rate unchanged, as economic stabilization and a weakening yuan are easing the pressure to relax monetary policy. The Hang Seng index was feeling more buoyant today, rising almost 0 .4%. The relief may be the result of good debt restructuring news from the troubled Chinese real estate sector. In commodities, the Brent crude benchmark continues its climb, almost reaching $96 per barrel earlier this morning. It has since retraced, but is still up over 1 % over the past 24 hours, currently trading at around $95 .40 per barrel. The rise continues to be driven more by supply constraints than by strong demand. On top of the production cuts from Saudi Arabia and Russia, we now have lower production likely in the US. Yesterday, the US Energy Information Administration said that output from the top US shale -producing regions is on track to fall for the third consecutive month in October to its lowest level since May. Gold continued to inch higher, up over 0 .6 % to trade at $1 ,935 per ounce. Stay tuned. After the break, we'll take a look at hints of a new season for crypto funds. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. After a long, empty crypto winter, it looks like activity in crypto funds is finally picking up. Yesterday, Coindesk reported that blockchain capital has raised $580 million for two new crypto funds, one for early -stage companies and protocols, and another for late -stage investments from Series B onward. This is notable, given that most of blockchain capital's investors are traditional institutions such as university endowments, private foundations, financial institutions, sovereign wealth funds and US pension plans. While they may not be ready to buy crypto assets directly, institutions are investing in the industry. Also this morning, we heard that the digital assets subsidiary of Nomura, Japan's largest investment bank and brokerage group, is launching an investment vehicle for institutions called the Bitcoin Adoption Fund. The fund offers long -only exposure to Bitcoin, with custody handled by Comainu, which was founded in 2018 by Nomura in partnership with crypto companies Ledger and CoinShares. Those aren't the only significant signs of increased activity we've had over the past week. We also heard that Electric Capital is aiming to raise $300 million for a new fund, Cassie Kornbank, the largest traditional bank in Thailand, has created a $100 million fund to invest in Web3 and AI startups, crypto platform BitGet has established a $100 million fund to invest in the trading ecosystem, and investment firm Reverie has launched a $20 million crypto venture fund. All this over the past seven days. Green shoots, maybe? That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us. And if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso, with executive production by Jared Schwartz. I'm Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Hints of Green Shoots After the Crypto Winter With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Tuesday, September 19th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about hints of green shoots after the crypto winter, going by recent announcements of crypto funds. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto volatility certainly does seem to be coming back, judging from price moves over the past 24 hours. Yesterday, we talked about how prices were rising. Well, around about midday Eastern time yesterday after we recorded, they fell sharply, with Bitcoin dropping almost 1 .7 % in half an hour. Early today, they rapidly climbed, with Bitcoin again breaking through $27 ,000. Then there was another sharp drop and another climb. And well, you get the picture. At 10 a .m. Eastern time today, Bitcoin was trading at $26 ,975, down just over 1 % over the past 24 hours. Ether was trading at $1 ,638, down 1 .2%. Bitcoin does seem to be leading the market here. Last week, I talked about Bitcoin dominance, which is Bitcoin's percentage of the total crypto market cap. Another metric worth following to gauge market sentiment is the ratio of Bitcoin and Ether prices. Simply, Bitcoin's price divided by Ether's price. When it is rising, Bitcoin is outperforming. And when it is falling, Ether is outperforming. Over the past month, this ratio has risen by more than 6%. In traditional markets, investors around the world are braced for a slew of central bank rates decisions this week. The announcements kick off with the U .S. Federal Reserve's decision tomorrow. And throughout the week, we will get announcements from 10 more, concluding with Japan on Friday. In the U .S., as we mentioned yesterday, expectations are for a pause. Tomorrow, we also get updated economic projections in which we could see the FOMC Committee signal even higher interest rate expectations and a pushing out on the calendar of rate cuts. The inflation data we saw last week showed that core inflation is still, at 4 .3 % year -on -year, more than double the Fed's target of 2%. And headline inflation for August showed a higher -than -expected uptick while the latest jobless claims continue to show employment strength. There is little reason for the Federal Reserve to even hint that rate cuts might be coming soon. Concerns about some tough language from the Fed tomorrow, as well as the impact of rising oil, have pushed U .S. stock indices lower in trading so far today, with the S &P 500 down almost 0 .4%, the Nasdaq down almost 0 .7%, and the Dow Jones down almost 0 .3%. Over in Europe, the FTSE 100 is up slightly, as traders await a U .K. inflation print tomorrow. This is expected to show an uptick to back above 7 % year -on -year, a figure which could influence the Bank of England's rates decision on Thursday. Eurozone indices also appear to be in a wait -and -see mode, with the German DAX down less than 0 .2 % and the Euro Stoxx 600 flat in trading so far today. In Asia, Japan was down almost 0 .9%, as investors sold chip stocks after Taiwan's TSNC, the world's largest chip manufacturer, signaled slowing demand. In China, the Shanghai Composite was more or less flat today, as traders await a decision from the central bank on the benchmark loan prime rate. At the monthly fixing tomorrow, the central bank is expected to leave the rate unchanged, as economic stabilization and a weakening yuan are easing the pressure to relax monetary policy. The Hang Seng index was feeling more buoyant today, rising almost 0 .4%. The relief may be the result of good debt restructuring news from the troubled Chinese real estate sector. In commodities, the Brent crude benchmark continues its climb, almost reaching $96 per barrel earlier this morning. It has since retraced, but is still up over 1 % over the past 24 hours, currently trading at around $95 .40 per barrel. The rise continues to be driven more by supply constraints than by strong demand. On top of the production cuts from Saudi Arabia and Russia, we now have lower production likely in the US. Yesterday, the US Energy Information Administration said that output from the top US shale -producing regions is on track to fall for the third consecutive month in October to its lowest level since May. Gold continued to inch higher, up over 0 .6 % to trade at $1 ,935 per ounce. Stay tuned. After the break, we'll take a look at hints of a new season for crypto funds. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Welcome back. After a long, empty crypto winter, it looks like activity in crypto funds is finally picking up. Yesterday, Coindesk reported that blockchain capital has raised $580 million for two new crypto funds, one for early -stage companies and protocols, and another for late -stage investments from Series B onward. This is notable, given that most of blockchain capital's investors are traditional institutions such as university endowments, private foundations, financial institutions, sovereign wealth funds and US pension plans. While they may not be ready to buy crypto assets directly, institutions are investing in the industry. Also this morning, we heard that the digital assets subsidiary of Nomura, Japan's largest investment bank and brokerage group, is launching an investment vehicle for institutions called the Bitcoin Adoption Fund. The fund offers long -only exposure to Bitcoin, with custody handled by Comainu, which was founded in 2018 by Nomura in partnership with crypto companies Ledger and CoinShares. Those aren't the only significant signs of increased activity we've had over the past week. We also heard that Electric Capital is aiming to raise $300 million for a new fund, Cassie Kornbank, the largest traditional bank in Thailand, has created a $100 million fund to invest in Web3 and AI startups, crypto platform BitGet has established a $100 million fund to invest in the trading ecosystem, and investment firm Reverie has launched a $20 million crypto venture fund. All this over the past seven days. Green shoots, maybe? That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us. And if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso, with executive production by Jared Schwartz. I'm Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
Mike Gallagher Podcast
A highlight from Week in Review - Episode 23
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, the next D 'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24 -7 at snc .tv and on Local Now Channel 525. Welcome to this week's Mike Gallagher Show Week in Review. What a week it has been. We saw a president fail to acknowledge the events of 9 -11 by giving a speech in Anchorage, Alaska, of all places. Then he lied about it. It was an amazing thing. I mean, what a week he has had. The news for Joe Biden is bad and keeps getting worse. For example, we talked about Biden's visit to Vietnam where they literally had to pull him off the stage. Man, oh man, did you see him in Vietnam? Holy moly. They had to pull him off the stage because he started babbling like an idiot. That's the president of the United States. And listen, we better hope he runs in 2024. Let's pray for once that a Democrat's ego torpedoes their chances for reelection. Because if he runs, there's no way Americans can vote for that. There's no way. It's impossible. That's not wishful thinking. It's, it's, you know, September of 2023 and they have to yank him off the stage. They did everything but take out that old vaudeville, the big hook, you know, you put the whole, pull the hook out and drag and then do a little soft shoe off the stage. Some disembodied voice comes over the PA and says, that's it. The press conference is over. And he looks around baffled and says, thank you everybody. Thank you. Where do I go? Where do I go? Don't throw me down, Clark. Certain sharp -eared listeners know what reference I just made there. Let's listen together to grandpa Joe. I want you to, I want you to hear what it sounds like when a president of the United States literally gets, gets the hook. They're so embarrassed for him. For whatever reason, he wound up in Vietnam over the weekend. Maybe air force one took a wrong turn and it landed in Vietnam and his appearance there by, you're going to hear about it all day long today on the news, at least on normal news. You might not hear about it on ABC, CBS, or NBC, but I'm not sure that even they won't cover this because it was this bad. Check this out. We talked about, we talked about at the conference overall, we talked about stability. We talked about making sure that the third world, excuse me, third world, the Southern hemisphere had access to change. It had access. It wasn't confrontational at all. Thank you everybody. This ends the press conference. Thanks everyone. I mean, what a disaster. And then he, then he goes and shuffles off. That's the president of the United States. The music is the best part. When they started playing the lounge music, Robert is in Sarasota. Robert, you see that clip? Yeah. Can I first use your platform to say, um, my thoughts and prayers are going out to everybody today, uh, that we're victims or new people. Absolutely. 9 11. And to follow that up, our president of the United States is booked 3 ,467 miles away into Alaska. You can't get farther from New York than where he's going to be today, where he canceled oil and gas leases. And clearly there's a God because that's exactly where he belongs as far away from New York. Here's the headline that every American who is suffering through the Biden administration needs to know 22 years of never forget. And Biden is spending 9 11 in Alaska. Meantime, we still got the, uh, the occasional troll or the occasional malcontent caller to the Mike Gallagher show. And I had a texture who claims that it's not really free speech to yell fire in a crowded movie theater. Of course, we're talking about all of the Democrats efforts to shut down speech. They disagree with beginning with Trump on down. And I played a montage of the Democrats denying the 2016 election to anyone who says that Republicans are a bunch of election deniers. What do you say about all the prominent Democrats who insisted that Trump didn't win in 2016? I just got a text from Macomb County, Michigan that I want to share with you. And then I want to play a little clip for the benefit of Macomb County, Michigan, and listen to this Michigan texture. Thank you. I mean, I appreciate that you don't agree with me and you think I'm a, I'm rotten to the core and you, and you, you, you hate my, my message on, on the radio and TV, but that's okay. I appreciate dissent and I, and I am truly intrigued. I always wonder, does the left do leftists like Macomb County, Michigan really feel this way? Or are they just regurgitating talking points that they've heard on MSNBC and they've read in the New York Times? It is a fact that election laws were changed and the election process was wildly upended under the guise of COVID. It is a fact that we had an historic amount of mail -in ballots. It is a fact that we had a record number of ballot harvesting. We things know were changed in 2020 under the pretense of COVID. That's a fact. And I'm not yelling fire in a crowded theater by stating those facts. That's their go -to. So let me read the whole text to you. And then I want to give you a video response, Macomb County, Michigan. And I challenge you to text me again. I don't want to embarrass you, but I'm going to challenge you to at least text me your response when I ask you about the video response that I have to your text. Here's the text. It is not free speech to yell fire in a crowded theater. It is not free speech to perpetuate a well -proven lie that there is some absurd sweeping conspiracy that stole the 2020 election and use that lie to divide people and disenfranchise millions and millions of voters. What you people are doing is destroying this country. You are working to drive the wedge between everyday Americans deeper and deeper. And you're just doing it because there's a market for it. Either you are willfully lying and towing your party line, or you're dumb enough to believe this trash yourself. You should feel deep, deep shame for perpetuating your lies. I hope one day you realize the damage you're doing and are tormented by your own guilt forever. Okay. Now, over the top drama queen hysterics aside from that text, let's take a look at the substance of what that person wrote. They want to sit there and accuse anybody who questioned the outcome of the 2020 election as somebody advancing an absurd sweeping conspiracy. So Macomb County, Michigan, what do you say about this? Trump didn't actually win the election in 2016. He lost the election and he was put in office because the Russians didn't appear. Trump knows he's an illegitimate president. The president of the lack of a legally elected is not legitimate. I don't see the president as elect a legitimate president. You said you believe that Russia's interference altered the outcome of the election. I do. We have a president who is in fact it is proven has been assisted by the Russians and may in fact not be a legitimate president. The one thing that Trump is fearful of when it comes to his being president is that finally we will see how illegitimate his victory actually was. I have an objection. I object to the 15 votes from the state of North Carolina. I object because people are horrified. He's an illegitimate president. Do you believe Trump is illegitimate president? What I believe is that there's no question that the outcome of this election was affected by the Russian interference. There absolutely is a cloud of illegitimacy. So that legitimacy is in question. Yes. That was a very tainted election. And in that sense, it's illegitimate. Now, Macomb County, Michigan, I dare you to write me back and follow up to your original text and condemn all of your hero Democrats the way you condemned any of us who questioned 2020. You see, you don't get to have it both ways. Meanwhile, back to Grandpa Joe's refusal to attend any of the 9 -11 ceremonies in New York or Shanksville, PA, or even where he lives in Washington, D .C., to commemorate that awful historic day in America's history. Tulsi Gabbard said it best on Fox News. Biden has decided he wasn't going to be bothered. He'd be up in Anchorage, Alaska. It's outrageous. It's last night on Fox News for those like myself, many patriotic Americans across the country who enlisted because of the jihadist attacks on 9 -11. I find it deeply offensive that he specifically chose to turn his backs on all of those families and all of those Americans. White House is saying that, you know, presidents don't show up to Hawaii on Pearl Harbor after all these years. What's the point? It's insulting beyond words. It was even more insulting. I don't want to say even more insulting. It was also insulting to hear in the speech that he delivered during that fuel stop in Alaska, him lecturing the American people about how it is our responsibility that we must take seriously to defend democracy. And he is saying these words, lecturing us as he and his administration, every step of the way, are undermining our own democracy, both by his politicizing the Department of Justice to go after Donald Trump, his major political opponent in this upcoming presidential election, his going after and changing the rules of the DNC to make it so people who vote for RFK Jr., their votes won't actually count. He is sending his Department of Justice after parents who are trying to stand up for their right to their children's education. I've been thinking a lot about the difference, the major differences between the right and the left in America. For example, the MAGA movement. The putting America first philosophy is met with such disdain from progressives and leftists and Democrats. But when you think about it, putting America first is something best exemplified by Donald Trump's policies. Putting America last best sums up the Biden Democrat approach. Judge Jeanine Pirro summed it up that way last night on Fox News as well. Well, it's consistent with his America last mentality. I mean, this is unprecedented. No president since this happened has not been at one of the sites, whether it's Washington, Shanksville or ground zero. And if you're from New York City, especially, I mean, I was in the city that day. I remember the smoke in the towers. I remember, you know, my investigators saying we've got to get home. We've got to get back to Westchester. This is a very sacred day for so many people. And the president doesn't see it that way. And the sad part about it is that, you know, the world is not a safer place now. It's because of Biden now that the Taliban is back in control in Afghanistan with all the weapons that we left there. We've got an open border now with people coming in that we don't even know who they are. And you can thank Joe Biden for all of that. You sure can. You know, one of the great mysteries of life for me is wondering if this kind of crap is intentional or accidental. And I ask this question all the time. Does Joe Biden and his team say, you know what, we're going to be the first administration in 22 years not to attend a ceremony in Shanksville or Washington, D .C. at the Pentagon or at Ground Zero in New York City? We're going to we're going to change the game a little bit. We're not going to appear. Is that a mistake? And as if the actions of Joe Biden weren't bad enough, egregious enough, the governor of New Mexico, some woman by the name of Michelle Lujan Grisham, decided to amend the rights of citizens of her state. Albuquerque in particular, she declared an emergency because of an incident involving the death of an 11 year old child. The governor said, well, there's gun violence. I get to declare a declare an emergency and nobody gets to carry their lawfully registered and certified guns. We must remember. The liberties, the freedoms that so many have fought and died for. And this new New Mexico governor has literally banned Americans who have a constitutional right to protect themselves from being able to carry in Albuquerque and the surrounding county for at least the next 30 days after a child was killed in a road rage incident. It's it's it's extraordinary. What's law enforcement doing in Albuquerque? What's the sheriff doing? The police chief. She's sitting at this press conference next to a guy who looks like a police authority. He's got a big gold badge on. And he looks very uncomfortable where this lunatic governor is shredding the Constitution, declaring an emergency, a gun emergency. This is what Democrats, if you dared to question a lockdown, if you had any skepticism about vaccines, if you wondered about masks, they came after you. They shut you down. Be kind of interesting to talk to an airline pilot who lost his job or her job because they wouldn't want to get they didn't want to get a vaccine. Do you realize we were firing people for not getting vaccinated? You recognize the absurdity of where we were just just a very short while ago? It's called tyranny. What the New Mexico governor, Michelle Grisham, is doing is tyrannical. She's acting like she's the emperor, the king, the dictator of New Mexico. And they're going to keep doing this and they're going to keep doing this and they're going to keep doing this until they can't do it anymore. Everybody ought to be aware of what she's doing, because what she's doing is absolutely un -American. What she's doing is obscene, where on Friday, this New Mexico governor banned people from being able to carry guns because a child was killed during a road rage incident. She's decided to declare an emergency. Oh, we have a gun emergency here. So now I get to ban your right to keep and bear arms. Check out this exchange. I want to play it one more time in case you're not paying attention. Isn't it unconstitutional to say you cannot exercise your carrying license? With one exception, and that is if there's an emergency and I've declared an emergency for a temporary amount of time, I can invoke additional powers. No constitutional right, in my view, including my oath, is intended to be absolute. There are restrictions on free speech. There are restrictions on my freedoms. In this emergency, this 11 -year -old and all these parents who have lost all these children, they deserve my attention to have the debate about whether or not in an emergency we can create a safer environment. Because what about their constitutional rights? I took an oath to uphold those two. And if we ignore this growing problem without being bold, I've said to every other New Mexican, your rights are segregated to theirs. And they are not, in my view. I mean, this is lunacy. I pray for her safety. I pray for Joe Biden's safety. I pray for Trump's safety. I pray for all of our elected officials' safety. So let me make sure you know where I'm coming from, where my heart is. I would never want anything to happen to any of the people who are elected to hold office. But I wonder if she would be willing to have her security detail suspend their right to protect her.
The Dan Bongino Show
New Mexico Attorney General Will Not Defend Gun Restriction Lawsuits
"Another piece of various good news is that Democrats are overreaching across the country with perverts in schools pornography in kids schools pushing vaccines again don't that stop the spread of covid pushing mask mandates on people again mask pushing mandates CRT drag queen story hour late -term abortion sexual they're indoctrination overstepping themselves all over the country and people are starting to fight back even no oh yeah oh yeah she would happen in New Mexico been covered for the last few days the tyrant governor of New Mexico Michelle Lujan Grisham either a moron or a communist or maybe a moron communist I don't know she thought it would be a good idea to declare she had the unilateral power to suspend the US no one on planet Earth I mean no one outside of maybe her uncle or I don't know her uncle drunk or whatever it may be has told her that does she have a drunk uncle I have no idea I just know it could be the only possible person on earth who told her this was a good idea because no one actually believes she can do this she's been getting smoked left and right and it's been hilarious to watch as she declares that she is suspending the second amendment in the state of Mexico for a temporary amount of time and everybody laughs and are like that's so you can't really do that and she's doubling down so sheriffs across the state have said we're not going to enforce this because you're a moron and I don't want to get sued and you know when you jump the shark total Fonzi style when your Democrat Attorney General a man by the name of Raul Torres yes when your Democrat Attorney General says listen and let me quote I am writing to inform you that my office will not defend your administration the above
The Dan Bongino Show
New Mexico Governor Suspends Right to Carry Guns in Public
"A Democrat Here's Michelle Lujan Grisham, hilariously, again, one of the top five dumbest governors in the in history, claiming that constitutional rights are not absolute. Someone get this woman a competent attorney, please, before she buries the state of New Mexico in billions of dollars in litigation. Listen to this. He took a note to the Constitution. Isn't it unconstitutional to say you cannot exercise your carrying license, with one exception. And that is, if there's an emergency, and I've declared an emergency for a temporary amount of time, I can invoke additional powers. No constitutional right, in my view, including my oath, is intended to be absolute. There are restrictions on free speech. There are restrictions on my freedoms. In this emergency, this 11 -year -old and all these parents who have lost all these children, they deserve my attention to have the debate about whether or not, in an emergency, we can create a safer environment. Because what about their constitutional rights? I took an oath to uphold those two. Oh my gosh, someone rights? Get this woman a Charlie Brown encyclopedia?
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-11-2023 13:00
"News, big news for the auto industry, but also a big point here for organized labor in the US. Looking at these markets here as we close out the hour, the S &P 500, it's up a half of 1%, NASDAQ up 7 .10, so 1%, a little bit more life there. So we're seeing some nice moves there. 10 -year Treasury, 4 .28%. The dollar giving back a little bit here after a very strong couple of days. Sound On with Joe Matthews starts right now from Washington, DC. Is that actually what will decide this race? Federal spending combined with too -lax monetary policy has produced this 40 -year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's going to have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. First, an alternative to China. Welcome to the fastest show in politics. As President Biden makes his way home from the G20 in India, along with a stop in Vietnam, after drawing contrast between America's economic vision and China's belt and road. But will it matter? We're joined in studio with Bloomberg White House correspondent, Michelle Jamrisko, and we'll talk with Craig Singleton from the Foundation for Defense of Democracy is fresh off his op -ed in The New York Times. Analysis from our signature panel. They're both back with us today.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Featured Story | Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
"This episode of Markets Daily is sponsored by Kraken. It's Sunday, September 10th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your featured story. On today's show, we're taking a dive in how crypto lending contributed to last year's collapse and what could be done to fix it. And just a reminder, CoinDesk is a news source and does not provide investment advice. Today's piece comes from Mauricio Di Bartolomeo, the co -founder of Ledin, a digital currency lending company. We'll be using Wondercraft AI to read the story. The piece is titled, Crypto Lenders Caused Crypto Contagion Last Year. How is the industry rebuilding? Loans are as old as money. Throughout history, whether seeds or gold, every form of currency has had its lending market. Now Bitcoin, with its decentralized and transparent nature, has staked its own claim in the financial landscape. And just like the currencies that came before it for Bitcoin to truly thrive, it also needs a robust lending market. However, thus far, most attempts to create a Bitcoin credit market have failed spectacularly, with disastrous repercussions. The demand for Bitcoin and digital asset lending services surged during the 2020 run -up, with tens of billions of client assets flowing towards both centralized and decentralized lending platforms. Fueled in part by lax macroeconomic monetary policies and the crypto sector's explosive growth, this environment allowed bad actors to operate recklessly, misleading consumers without facing significant checks and balances. This lack of oversight ultimately led to the collapse of the digital asset lending industry beginning in 2022, including the cascading bankruptcies of lenders including BlockFi, Celsius, and a unit of Genesis. Although accusations of fraud in some of these cases will be a matter for the courts to decide, the sudden domino -like collapse of dozens of digital asset lending firms highlighted an underlying flaw. Their operating structures were inherently unsustainable. These structures lacked a crucial ring -fencing of lending risk. And lenders did not provide the transparency needed for clients to understand their credit underwriting process, or the concentration risks in their lending activities. This outdated structure, coupled with insufficient risk management, was akin to dry wood, eagerly awaiting a spark. And Terraluna, 3 Arrows Capital, and FTX were an entire box of matches. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Markets Daily Crypto Roundup
A highlight from Featured Story | Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
"This episode of Markets Daily is sponsored by Kraken. It's Sunday, September 10th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your featured story. On today's show, we're taking a dive in how crypto lending contributed to last year's collapse and what could be done to fix it. And just a reminder, CoinDesk is a news source and does not provide investment advice. Today's piece comes from Mauricio Di Bartolomeo, the co -founder of Ledin, a digital currency lending company. We'll be using Wondercraft AI to read the story. The piece is titled, Crypto Lenders Caused Crypto Contagion Last Year. How is the industry rebuilding? Loans are as old as money. Throughout history, whether seeds or gold, every form of currency has had its lending market. Now Bitcoin, with its decentralized and transparent nature, has staked its own claim in the financial landscape. And just like the currencies that came before it for Bitcoin to truly thrive, it also needs a robust lending market. However, thus far, most attempts to create a Bitcoin credit market have failed spectacularly, with disastrous repercussions. The demand for Bitcoin and digital asset lending services surged during the 2020 run -up, with tens of billions of client assets flowing towards both centralized and decentralized lending platforms. Fueled in part by lax macroeconomic monetary policies and the crypto sector's explosive growth, this environment allowed bad actors to operate recklessly, misleading consumers without facing significant checks and balances. This lack of oversight ultimately led to the collapse of the digital asset lending industry beginning in 2022, including the cascading bankruptcies of lenders including BlockFi, Celsius, and a unit of Genesis. Although accusations of fraud in some of these cases will be a matter for the courts to decide, the sudden domino -like collapse of dozens of digital asset lending firms highlighted an underlying flaw. Their operating structures were inherently unsustainable. These structures lacked a crucial ring -fencing of lending risk. And lenders did not provide the transparency needed for clients to understand their credit underwriting process, or the concentration risks in their lending activities. This outdated structure, coupled with insufficient risk management, was akin to dry wood, eagerly awaiting a spark. And Terraluna, 3 Arrows Capital, and FTX were an entire box of matches. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 09-10-2023 05:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. They're coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Search and rescue operations continue after a massive earthquake. The death toll from Friday night's devastating earthquake in Morocco is over 2000 with thousands more injured. The magnitude 6 .8 earthquake is being called the strongest to strike the North African nation in more than a century. President Biden was quick to pledge US support saying that he was quote deeply saddened by the loss of life and devastation. Officials at the US Embassy in the Moroccan capital say they are not aware at this time of any American fatalities. The governor of New Mexico says guns will no longer be able to be carried in public in Albuquerque. Democrat Michelle Grisham signed an emergency order on Friday banning both concealed and open carry firearms in public places. It comes amid a rash of shootings in the state's largest city. Not everyone is on board with the move, however, with the Albuquerque police chief vowing not to enforce the measure and others questioning its constitutionality. A protest at Grand Central Station Friday over an NYPD officer not being charged by the attorney general. Jacqueline Carl explains why.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by Kraken. It's Saturday, September 9th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso, and today we have a weekly roundup of markets insights provided by CoinDesk Indices. Disclaimer, we are using Wondercraft AI Voice for today's episode. And just a reminder, CoinDesk is a new source and does not provide investment advice. Wondercraft AI Voice here to give you six crypto markets takeaways from last week. We'll start by taking a look at what happened in markets during the first half of the week. Here, CoinDesk Indices provides week -on -week data over the seven days leading up to Tuesday, September 5th. AtomicSwap's protocol multichain up 73 % jumped dramatically on Monday morning. This comes after the protocol experienced an exploit in early July and has been on a consistent downtrend throughout the summer. Distributed AI platform Fetch .ai, up 29%, continues to outperform within the computing sector. Fetch .ai is the fourth best performing asset across the entire 183 -asset CMI universe. The culture and entertainment sector as a whole has lagged as several of its highest market cap members have seen double -digit depreciation this week, including Metaverse platform Gala, down 19%, and NFT marketplace Blur, down 16%. Stay tuned for after the break when we'll bring you three more takeaways from the week. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Markets Daily Crypto Roundup
A highlight from CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by Kraken. It's Saturday, September 9th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso, and today we have a weekly roundup of markets insights provided by CoinDesk Indices. Disclaimer, we are using Wondercraft AI Voice for today's episode. And just a reminder, CoinDesk is a new source and does not provide investment advice. Wondercraft AI Voice here to give you six crypto markets takeaways from last week. We'll start by taking a look at what happened in markets during the first half of the week. Here, CoinDesk Indices provides week -on -week data over the seven days leading up to Tuesday, September 5th. AtomicSwap's protocol multichain up 73 % jumped dramatically on Monday morning. This comes after the protocol experienced an exploit in early July and has been on a consistent downtrend throughout the summer. Distributed AI platform Fetch .ai, up 29%, continues to outperform within the computing sector. Fetch .ai is the fourth best performing asset across the entire 183 -asset CMI universe. The culture and entertainment sector as a whole has lagged as several of its highest market cap members have seen double -digit depreciation this week, including Metaverse platform Gala, down 19%, and NFT marketplace Blur, down 16%. Stay tuned for after the break when we'll bring you three more takeaways from the week. Meet the all -new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro .kraken .com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Shows Signs of Life
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 8th, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your crypto markets roundup. On today's show, we're talking Bitcoin, FTX political donations and more. And just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin showed some signs of stirring from its September stupor late on Thursday. Bitcoin rose around 3 % to $26 ,400 before dropping back below $26 ,000 during the European morning. The CoinDesk market index, CMI, also hit its highest point this month, rising over 2 % before retreating. Bitcoin has mostly languished below $26 ,000 this month as traders awaited clarity around the big regulatory hotspots. The biggest news traders await is the SEC's decision on the listing of a spot Bitcoin ETF in the U .S. September is historically a difficult month for Bitcoin, which has posted negative returns every year since 2016. And for 2023, it looks so far to be no exception. The battered crypto market awaits the Bitcoin blockchain's fourth mining reward halving, due in April 2024. Positive outlooks hope the halving would kickstart a major run higher, living up to its past reputation as a major bullish catalyst. Reward halvings refer to already programmed code that reduces Bitcoin's pace of supply expansion by 50 % every four years. Traders, however, should note that previously halvings did not necessarily catalyst bull runs single -handedly. Macro likely also played a significant role, mainly in the form of abundant fiat liquidity conditions, according to data tracked by macro -micro. And with those macro conditions, a key indicator to watch is the M2 growth rate. M2 is a monetary aggregate measured on central banks, representing the total value of their respective fiat currency circulating in the market. The magnitude of the expected halving lit up trend has been and will continue to be likely contingent on four major central banks. The U .S. Federal Reserve, European Central Bank, Bank of Japan and People's Bank of China, boosting their year -on -year M2 money supply growth rates. The previous post halving bull runs were characterized by a 6 % or higher aggregate M2 money supply growth of the previously mentioned banks. Meanwhile, bear markets coincided with a deceleration in the money supply growth rate. The pattern validates the popular argument that Bitcoin is a pure play on fiat liquidity. And another macro look, Federal Reserve, Bank of Chicago economists predict low inflation and a resilient economy. This prediction is a potential Goldilocks scenario for risk assets, including cryptocurrencies. Economists at the Chicago Fed argue that the rate increases implemented since March 2022 have set inflation on a path to 2%. While ensuring soft landing for the economy. Notably, the economists said that further tightening may not be needed. Today's crypto markets coverage comes from Jamie Crawley and Amkar Gebole. Stay tuned for after the break when we'll take a look at the top FTX executives recent plea agreement. But before that, the markets daily team is excited to announce our new host, Noelle Acheson. Here's a message from her. Hi, I'm Noelle Acheson. You may know me from the Crypto is Macro Now newsletter I produce daily on Substack. I'm also a former Coindesker and I'm excited to be back in the fold to bring you the latest market news and narratives. We'll be kicking this off on Monday, September 11th. Talk to you then.
Michelle
"michelle" Discussed on Michelle
"Hi, so I read the article by Michael soon published in 2013. This looked at the relationship between text messaging, telemedicine, and emailing with ethical challenges and guidelines for that. I do think this is a really informative article just because a lot of times, which also they mentioned in the article that state boards and things like that, they don't necessarily talk about telemedicine just because it's rapidly changing and that it's hard to make guidelines for something that's constantly changing, but there are some guidelines that are just kind of follow along with the ACA code of ethics, like don't do harm and form your client of the purposes of counseling and things like that. But this article was really informative and it looked a lot at like text messaging, telemedicine, and emailing. I was kind of thrown off with text messaging. I never thought that counselors would participate in text based conversations with their clients. I do think that this will be very challenging from both aspects of it. I feel that for me, if I were a client, I don't know if I would be as truthful just because for me, I know it's easier to communicate with someone face to face, especially when something's really bothering me. So I do think that could be a challenge in the article also mentions that a lot of people feel abandoned by their counselor. And that they don't really care about them just because they're in this text messaging world. And that they don't see each other face to face ever. And then it also goes the article also talks about a lot of ethical concerns and confidentiality and it's really hard to maintain the confidentiality with text messaging. And there are the article does go into ways.
Michelle
"michelle" Discussed on Michelle
"It's good evening. My name is Nicole, and I'm here to talk about the definitions about the Christian counselor and integration about with professional counseling. According to the introduction to counseling of integration of faith professional identity and clinical practice by Robin Simmons Stacey lily and Anita kunle, I most closely identify with the lay counselor. Which basically just means that people come to me for it advice and all my Friends, I think that I'm a good listener and have some sound advice because I am very non judgmental. I come from an outside point of view, I try to ask them the questions that they should be asking themselves. Instead of trying to give them solutions, that's always important. Now, when it comes to. The issues regarding the Christian faith and professional Kathleen and how that I will navigate that, I don't find it a huge problem. I do not have any kind of religious background or not a religious person at all. So having to make sure that I am not putting my morals and values on somebody else will not come difficult to me at all whatsoever. I'm a non judgmental person. I understand people have their beliefs and just restart that they have, I believe, and it doesn't matter what those are. Now, according to Sally Maximo who did a study called Skopje review of ethical considerations in spiritual and religious counseling and psychotherapy. She states that individuals are influenced by their spirituality, and counselors who take this into account are better equipped to understand clients, more fully and respond accordingly, I totally believe that. I think that is true. If you go back to our textbooks, it says that spirituality refers to the interpersonal spirit. And as generally used of nurturing or growing the inner person and doesn't necessarily equate to religion or a person's religious beliefs. She also states that counselors and clinicians must refrain from imposing our values onto our clients, which undermines the moral principle of autonomy, which is core to the code of ethics to be a professional counselor. You have to make sure that you are not imposing your or your own morals or beliefs to the client. So that is a complete Lee separate thing, again I would not have any issues with that I also believe that I would be very open minded into helping somebody who has those religious beliefs. And making sure that I refrain from my own point of view. It's also important that showing the sensitivity of religion or spiritual spirituality towards another person pre verbs preserves human dignity. Which is also important with the ACA code of ethics. Again, like I said, I don't believe that would have. I would have any issue in regards to the ACA code of ethics and my own beliefs, I'm very open minded and I don't have a judgment towards anybody, no one is should have any kind of judgment whether they are religious or not religious. So that is my stance on integration of. The Christian model into professional counseling. Thank you..
Michelle
"michelle" Discussed on Michelle
"Going to emerge <Speech_Music_Male> are really <Speech_Male> tied around <Speech_Male> this integrated <Speech_Male> piece of how do we get <Speech_Male> medical <Speech_Male> folks involved <Speech_Male> at behavioral <Speech_Male> healthcare sites <Speech_Male> and <Speech_Male> how do we get those behavioral <Speech_Male> healthcare professionals <Speech_Male> <Speech_Male> involved in <Speech_Male> the primary care <Speech_Male> arena. <Speech_Male> So I've done a lot <Speech_Male> of consulting with this <Speech_Male> over the last few years <Speech_Male> and have worked <Silence> in medical systems <Speech_Music_Male> <Speech_Male> and I can <Speech_Male> tell you every time I've <Speech_Male> talked to a physician, <Speech_Male> like let's take a pain <Speech_Male> management center, for <Speech_Male> example. <Speech_Male> And I've gone in <Speech_Male> and said, look, <Speech_Male> I know one of the <Speech_Male> biggest factors you guys <Speech_Male> are scared of is getting <Speech_Male> sued. <Speech_Male> You're dealing with opioids. <Speech_Male> You're making <Speech_Male> prescriptions. <Speech_Male> <Speech_Male> That are for pain <Silence> management. <Speech_Male> And <Speech_Male> you need substance <Speech_Male> to be a screening. <Speech_Male> You need to know about <Speech_Male> the mental health issues. <Speech_Male> <Speech_Male> So I would say, <Speech_Male> okay, so what percentage <Speech_Male> of your patients <Speech_Male> have mental health issues? <Speech_Male> And the pain <Speech_Male> doctor says <Speech_Male> almost consistently <Speech_Male> for pay <SpeakerChange> doctor retained <Speech_Male> doctor a 100%. <Speech_Male> Oh, <Speech_Male> wow. <SpeakerChange> Yeah. <Speech_Male> <Speech_Male> And I'll say, <Speech_Male> you know, <Speech_Male> I'll start the process <Speech_Male> of talking about <Speech_Male> the <Speech_Male> studies <Speech_Male> that I was mentioning <Speech_Male> here in the podcast <Speech_Male> and predicting. They're <Speech_Music_Male> like, no, we already <Speech_Music_Male> know. <Speech_Music_Male> When can you start? <Speech_Music_Male> <Speech_Music_Male> <Speech_Male> And <Speech_Male> so when <Speech_Male> I was at my last institution, <Speech_Male> we were placing <Speech_Male> interns <Speech_Male> in oncology. <Speech_Male> We <Speech_Male> were placing a placing <Speech_Male> them into rotations <Speech_Male> in the primary <Speech_Male> care doctor's <Speech_Male> office. So <Speech_Male> what would happen is <Speech_Male> <Speech_Male> when <Speech_Male> they put you in the waiting <Silence> room to see your physician, <Speech_Male> <Speech_Male> you sit there by yourself. <Speech_Male> You wonder if the doctor's <Speech_Male> ever going to come? <Speech_Male> What time is going <Speech_Male> by instead of that, <Speech_Male> the behavioral <Speech_Male> health clerk care <Speech_Male> clinician goes in? <Speech_Male> The counselor. <Speech_Male> And says, so <Speech_Male> what's been going on? Let's <Speech_Male> do a little stress assessment. <Speech_Male> Let's do a <Speech_Male> substance abuse assessment. <Speech_Male> Then when <Speech_Male> the physician is able to <Speech_Male> rotate runs the <Speech_Male> <Speech_Male> council rotates <Speech_Male> out, goes to <Speech_Male> the next room. Yeah. <Speech_Male> If there's a <Speech_Male> follow-up needed, you have <Speech_Male> extra office based <Speech_Male> on the whole. <Speech_Male> You could have clients <Speech_Male> that just <Speech_Music_Male> come in to see you. <Speech_Male> <Speech_Male> So the model <Speech_Male> worked really well <Speech_Male> and started <Speech_Male> to just <Speech_Music_Male> blossom <Speech_Music_Male> in <Speech_Male> <Speech_Male> the area we were in in <Speech_Male> Texas. <Speech_Male> And so I started consulting <Speech_Male> with <Speech_Male> larger healthcare <Speech_Male> organizations <Speech_Music_Male> and the <Speech_Music_Male> fact was that there <Speech_Male> were more <Speech_Male> demands <Speech_Male> than we had the ability <Speech_Male> to think. <Speech_Male> And that is <Speech_Male> where that's where it's going. <Speech_Male> And the federal government <Speech_Male> in <Speech_Male> the U.S. is <Speech_Male> really <Speech_Male> driving a lot <Speech_Male> of the change <Speech_Male> in larger cities. <Speech_Male> Now they're funding a lot <Speech_Male> of grants to <Speech_Male> force integration. <Speech_Male> <Speech_Male> And <Speech_Male> what has to catch <Speech_Male> up <Speech_Male> is the insurance <Speech_Male> billing. At this <Speech_Male> point in the U.S., <Speech_Male> there's only <Speech_Male> a couple of insurance <Speech_Male> companies that <Speech_Male> have changed <Speech_Male> their models <Speech_Male> to meet integrated <Speech_Male> care practice. <Speech_Male> There's a lot of stipulations <Speech_Male> about <Speech_Male> if I provide <Speech_Male> service on this day. You <Speech_Male> can't get service <Speech_Male> from your doctor on the <Speech_Male> same day. <Speech_Male> Which <Speech_Male> really <Speech_Male> puts a roadblock <Speech_Male> into some of the integrated <Speech_Male> practice. But <Speech_Male> a couple of organizations <Speech_Male> have <Speech_Male> evolved to <Speech_Male> develop integrated <Speech_Male> models. And <Speech_Male> I think over the next 5 <Speech_Male> years, ten years, you're going to see <Speech_Male> the full spectrum <Speech_Male> of <Speech_Male> reimbursement for <Speech_Male> those services <Speech_Male> that is commensurate <Speech_Male> with <Speech_Male> what happens in a
Michelle
"michelle" Discussed on Michelle
"It. Right. Well, if you had Spanish speaking countries that's often the case too, that there's not an actual word in Spanish that fit well for the counseling profession. If you say sequel to here, most people know what that means. Okay. Spanish speaking country. But if you're talking about a counselor that could sometimes be somebody in the religious sect and for a lot of different things. So it doesn't clearly identify somebody from a mental health standpoint. Yeah. That makes a lot of sense. How do you see that international part affecting the profession as a whole? Because in the U.S., it's still in process really, you see a positive negative or just something we need to pay attention to. No, I see it as positive. And a lot of organizations doing international work to grow at ACA as you mentioned doing the conferences, NBCC consistently doing work and right now about 40 different countries. There's a lot of people doing fulbrights and going abroad and all these efforts educate people about the profession and help them create that foundational building block process where it just continues to spring up. And so like with NBC's MHS, you've got counselors going and training and support counselors being infused into those cultures. And becoming more aware of what that is. And so actually, in Africa, they're just the first international it's the African university for counseling and guidance was created. Oh, wow, okay. And it's the first counseling specific university in the country. Wow. I mean the world. And that's pretty interesting thing. Happened. So I think that's a clear product of the process of infusing people into these cultures to help. And the language that we use to describe what we do starts to become a part of their vernacular and you can see this institution and grow as a result of the years of effort behind all of the elements..
Michelle
"michelle" Discussed on Michelle
"Guy. And Ted and I had the same doctoral chair. Okay. He was one of Larry lash's students. And, you know, Ted was an executive director at ACA at one point. So he has some different perspective than idea about the government from his experience. But what I would say is that there was back in the 90s a real change between the structure of how ATA operated and in terms of the divisions. Okay. He's had a much more clear tie with ACA in terms of governance. And there's been an evolution of that over the years. And I think some of that evolution has left some sense of disorganization or lack of collaboration. Yeah, yeah. Well, I don't want to switch gears too much, but something that struck me as I was preparing for this conversation was that we're going to kind of at the moment at least talking exclusively about the U.S. and the counseling profession seems to be growing all over the place, not just in the U.S. and I noted that ACA did second annual Asia Pacific counseling conference in Singapore last June, which unfortunately didn't get to go to. But hopefully, if it's annual, I can go to the next one. So counseling seems to be as a profession growing all over the place. And I'm just curious, this is kind of a big question, but as it grows, do you see that same growth or would you call it growth in the counseling profession and how do you see our identity changing if that is if it really is growing? With NBCC, we do a lot of work internationally. We have a division national board for certified counselors, international NBC CI. And NBCC does a lot of work with different countries on their needs.
Michelle
"michelle" Discussed on Michelle
"The three of them put together the wheel of wellness and really made that a cornerstone for where we built a lot of the models from there. And you kind of alluded to this earlier, but a bunch of organizations and people within the profession agreed on this definition, but a lot of people didn't or at least there's a significant group or body that didn't agree with this definition and kind of provided critiques of it. Could you speak to some of those critiques? Yeah. You know, I think that one of the critiques in general was about the real deference or perceived differentiation between what happens from a school counselor role and a mental health council role. Okay. And that's not a new issue within our profession. If you go back into the 90s when we had a lot of turmoil within ACA and honka and Asuka talked about seceding and moving out of the organizational structure, that was really a sign of how divided we became. And they're still a lot of underlying issues that.
Michelle
"michelle" Discussed on Michelle
"That's really cool. Well, maybe tell me if this would be better maybe a better direction to go if we look at the definition because you were just saying that all these organizations were earlier having their own idea defining idea of what counseling is. So this consensus definition seems to be pretty profound. Yeah. You know, I don't know if we can actually call it a consensus definition because not everybody signed it. It's a good point. The fact is that the vast majority of organizations did and what I believe is there's two that did not. So near consensus definitions. Right. And the issue is that I think we're still looking at how do we get the words that match what we think we do as an organization into that definition. And when you have 31 chefs trying to create a three, four sentence definition, that is a very difficult process. And that took a lot of years to come to the signature process on the definition. That's not surprising. Imagine getting 31 or chefs in a kitchen in the starting on one single recipe nearly impossible. Yeah. And I don't know that we anticipated as a profession, the difficulty in coming up with the definition. And this is not taking a perspective on the definition, but saying, you know, from the argument on the side of the school counselors was more of what school counselors do a lot more group work. They don't do individual. And we don't want the focus to be individual counseling and mental health counselors and well, we want to have individual in group involved. And so there were even just the idea of what type of service do we provide when we talk about it became a very difficult and sometimes contentious discussion. I was president of the assessment division at that time AARC..
Michelle
"michelle" Discussed on Michelle
"Is connected to. Yeah. Just at my last institution, there was somebody who was working for me. That was publishing profusely just doing a lot of articles out there. Not a single one in a counseling journal. And I had, you know, a real concern being an administrator, and I had to have several conversations with the person and say, you know, while you're doing things in the publishing world, if we look at it from an accreditation standpoint and what the expectations are, there's an expectation of professional identity with the counseling profession. And if you really want to be a part of this group, this is where you have to demonstrate your identity. I'm not saying you can't publish in these other areas. But you also have to create this identity and counseling. It's something you touched on earlier. You said it. I assume a lot of most counselors would know about this, but it's this the 2020 initiative for these 31. I believe it towards the end. It was 31 organizations representing the counseling profession. I almost said field but I caught myself. They've been working together had a work group basically from 2005, 2013. To promote the need to the profession. And so quite a bit to come out of this thing in particular definition of counseling and consensus consensus definition. Can you talk a little bit about this initiative and how it came about? Because I assume it's tied to a lot of what you're saying around not having a unified ability to go to legislation or talk to the public. Yeah, I think that the initial springboard was identity. That's really where it started. The fact that exactly what you were talking about earlier that legislators funders didn't understand who we were and what we did and how we were distinct from other professions. And so that identity piece was the springboard for 2020 to emerge..
Michelle
"michelle" Discussed on Michelle
"If you come in with a bunch of different lingo that nobody understands or you're coming in with multiple people saying different things, it's really hard to see anything unified. So I've been make sense as the profession becomes more unified. These opportunities like these grants are going to become more and more present. One of the things we're kind of talking around, but we haven't touched on yet is what are the actual components of counselor professional identity? Legislators have a hard time seeing what's the difference between a marriage and family therapist counseling psychologist and a counselor from your perspective in the field what really defines us as unique among the helping professions. Well, I think there's multiple parts to your question there. And first, I think there's a lot of things that make us similar to other groups and what make us distinctly as a profession, which is an important element. Are we a field? Are we a practice? Are we a profession? I really strongly believe we're professional. And partly not partly, but some of the pieces that go into it are the fact that we have a professional national organization. We have a code of ethics. We have licensure laws. All those elements really make a similar to any other professional body. And so that way we have standing. And I think that's important before we even get into the idea of then distinguishing yourself from other progressions and helping people making it clear that you are a profession. And so the reason I'm bringing that up is because I still I still hear even colleagues at the PhD level talking about us as a field. And as an editor, I served as associate editor for the journal of counseling and development for the past 5 years. And as a research editor, whenever I see those manuscripts come in, it just and I see those words field kept the counseling..
Michelle
"michelle" Discussed on Michelle
"I'm a master addiction counselor, and they see and so when you do all that, it looks impressive, I think, for the public, but they have no clue what that means. Yeah. So we started to look at how can you configure all the different configurations and how those could be presented. And so we gave a sample for research study vignettes and said, here's what's going on, and they're a friend of yours and they're a family member of yours or some other configuration. And you need to select somebody to.
Michelle
"michelle" Discussed on Michelle
"So I got an opportunity then to go and test a testify in front of a state Medicaid ready and I had done numerous testimonies as expert witness on these kind of things. And it just was an exciting opportunity to take that interest at all and apply it. Yeah, it's kind of cool so you didn't have to leave that behind. It kind of came full circle pretty quickly after your doctoral program. Yeah, it did. It was actually pretty quickly after the dark program. And then that just built on it. I spent time over the years going to legislative activities, lobby on Capitol Hill, and just working on behalf of the profession in a number of ways. Yeah. That's cool. It's something you touched on when you were going into your master's degree to really have a good idea of what the profession was about. I assume most people going in for they want to be a people helper or do psychotherapy or counseling, but they don't actually understand the differences between what a counselor is versus a marriage and family therapist, et cetera. And so that this is my segue into my question for today. We're going to be talking about today because I went and it wasn't until after I finished my master's program that I really started to form as a counselor in particular. And so we're talking about professional identity today and you're obviously what really great person to be talking to this about. So when you're writing or talking about professional identity from your perspective, what do you have in mind? What are we talking about when we're when we say we're counselor professional identity or professional identity development? Yeah, I think you made a great point to start this with the idea that folks don't understand the difference between the various professions that are out there. And I spent a lot of time talking to students about that. But not only that, it's colleagues. So even in a university setting, helping other professors from different departments understand why we're different. Why do we have a psychology department on campus and a counseling department? I have people all the time. Oh, I was reading this article about psychology. And I appreciate the interest in trying to start a conversation..
Michelle
"michelle" Discussed on Michelle
"He wrote the team chair handbook for K crap. And just a gentle soul and somebody that you just want to get to know more and have that conversation with me and I just felt like one of those first times in my life where I felt energized about really getting involved in something that, you know, and I didn't have that feeling about law. I knew it was something I was interested and wanted to do. But this was really about passion. That's what he conveyed really quickly. Yeah, that's really neat. Has that interest in law come through and your work in the counseling profession at all? Consistently, yes. Okay. So you haven't had to leave it behind entirely. No, and I didn't realize that at the time, either. You know, I went to duquesne and they were a very experiential counseling program. So that was my introduction. We did a lot of gestalt work. We did a lot of psychodrama. And there was a side of me that was so different from what I was preparing for with thinking about a law career. And I enjoyed that. I enjoyed Tapping into a different part of my being. It wasn't until I got into my doctoral program at the university of Florida. And started to really look at the underpinnings of the profession. University of Florida has a long history of being a key player in the educational world for counselor education. And so some of the folks that were there when I was a student had been drivers of the development of the profession itself. So Joe Whitman was on my doctoral committee. Larry lash was my doctoral chair. Eventually Harry Davies became a co chair for me. And so Larry lash and Joe Whitmer both founded Kaiser maio along with Jane Meyers and Tom Sweeney. So the four of them were very involved with that. And it Larry wesch wrote the national counselor exam for NBCC and I don't know your certificate for becoming a nationally certified counselor. There's a number. And that number is where you are in terms of the number of people that have been certified before you. His was number two. It was number one. Do you know who number one is? Yeah, it was the first director of NBCC. Okay, okay. Yeah, so it was kind of a toss up of who was going to be one and two. And so I had this early introduction to the profession. My first professional conference I just got introduced to so many big players that it just kept lighting up my passion about getting more and more involved in the profession. And so I got introduced to NBCC, I got introduced to K crap and the legislative aspects of what it went into advocacy. And so right after my doctoral program, I got put on appointed to be on the board of directors for the fair access coalition on testing. And I don't know if you've ever heard of that before. No, I know I haven't. Well, it's a group of organizations that we had onca ACA. But also non council organizations like the national association of school psychologists. Speech language. Hearing association. And all these groups that had some form of professional testing as part of their scope of practice. And so we got together. And whenever a state related issue would pop up where there was an attempt to restrict practice of one of the members of the coalition from a professional standpoint, we would go testify in state Senate and House work on behalf of state organizations and do lobby efforts, do a lot of education..
Michelle
"michelle" Discussed on Michelle
"Phoenix, Arizona, and vice chair of the national board of certified counselors as well as a past president of the association for assessment and counseling and education. Girl, thanks so much for joining me on the podcast. Oh, I'm happy to do it. Thank you for inviting me. Yeah, this is really neat. So we had that we had Donna on probably a month or two ago, I guess. And I was just quite interesting. I talked to Donna right after the election, and I'm talking to you right after the inauguration. There's something interesting there. That is interesting. Yeah. Well, let's start out by just hearing how you got into the counseling profession. Well, it was actually not something that I was headed for from a professional standpoint. Early on in my probably early high school, I decided I wanted to be an attorney. And everything from that point on through college was geared toward becoming an attorney rather than a counselor. And when I got accepted to law school, I realized that I didn't have the finances to do that first year tuition. And so I decided to defer my admission for a year and I got a job working with adolescents who were first time offenders. And apparently I was pretty good at it and we had a unit that provided educational services within the juvenile fender facility. And one of the teachers said, I have a friend who is at duquesne university. He's the chair of the counseling department. You should go and talk to him. And I said, I'm going to be an attorney. You know, I'm not really interested in going to get a master's degree. He's like, you work with these kids really well. Why don't you think about just talking to the guy and you know, it's just a conversation. So he hounded me for a couple of months and finally, I said, okay, I'll go do it. And I went in December to talk with him. And I left his office registered to start classes in counseling in January. That's how I got into the counseling profession. He must have been very persuasive if it was. His name's Joe Mayo. And Joe is kind of an icon in the counseling profession. It's been very involved with aces, the association for counselors and supervision..
Checking In with Michelle Williams
"michelle" Discussed on Checking In with Michelle Williams
"The podcast is far. As do you talk about everything in the show or do you try to keep it separate listener and okay and i feel like it's great. That has never been able to to get to know us on such a better level but you know what i i don't know about robin. I like when you pose questions because we do like to have some viewer engagement right so we questions to upheaval out there. Like you know was the most embarrassed to it. Happened during sex like up and then his so-called Larry and i mean i lo- goes when we do that a levels episodes pros and cons of a podcast versus filming so prosecco I'll start with the cons. I feel like i one day might get tripped up talking about somebody or something close to me in. They're going to listen to the podcast and be mad at me because like i might tell a story about a close friend or something. Listen to it. Then they'd be like robin i know. Why are you talking about me like that. I'm afraid i'm going to like you know..
Checking In with Michelle Williams
"michelle" Discussed on Checking In with Michelle Williams
"That's embarrassing and it's so crazy. Now because the show is airing and i'm getting so many people reach by the same especially women of color for us to be able to admit that i'm not necessarily okay. I'm i'm not feeling motivated. I don't have on my kate. My superwoman cape. Today right because that's how we were raised. That's not what we do. We're always the ones that everyone can rely on. We take now happening but the whole frigging neighborhood so it's definitely not in our makeup so for us to to be able to talk about. It is is great absolutely absolutely by the way. I have to throw this in there. My mother certain shows you not expecting mama to pick up y'all if we talk for thirty minutes twenty two minutes of it is about if an episode aired and it's y'all she's talking about like mama i do have to make sure she gets the app everything and so. Now i'm gonna be like you know. Just sell and robin pot callard philby. Hit me about the freaking podcast. So get ready to get real. Kevin hart host the new peacock original series heart to heart featuring authentic conversations with celebrity guests. Each week. kevin will sit down with a well known figure from entertainment to hold the deep personal conversation. You can expect the unexpected kevin. His guests will unpacked stories from their lives. Sharing moments of success failure and everything in between on heart-to-heart kevin will get to know the people behind. Today's big is personas. Celebrities arrived with little to no prep. They're not coming to promote a particular project there. Just two people. Having a real conversation and with kevin's friendly rapport. You'll feel like you're right there on the couch with them..
Checking In with Michelle Williams
"michelle" Discussed on Checking In with Michelle Williams
"I'm super rick. Fight to speak with. Infertility awareness advocated ceo of women wives warriors and fellow author of the game of life releasing the weight. When got says wait. Listen her message. Today is going to encourage so many women today. Please welcome to the checking in podcast day. See james lois. Oh my gosh. Thank you michelle. It is such an honor. Yo it is truly not. I appreciate you for giving me the platform to talk about such a taboo said o n g you know what a few months ago someone was in my comments and i posted a video and they said michelle. You're bored you need to have some kids. My god they see you know ma'am honey cassidy man. If he didn't know then he knows. Now come on. That's ever fix his hands to type. Such an ignorant statement on social media ever again in so some of my class backs are known to make other blogs and so i sent lord. I'm i'ma be intentional about this. Because if big reaches the people. I want them to know. That's one thing you don't say to a woman is you need to have kids because they see it. There have been so many women close to me. That have been having trouble conceiving you don't have that my plight you sell somebody into equate boredom with them. Not having kids of all things right of all things you can pick So i'm happy to be. I'm speaking with you about the topic because you don't know when a woman in a newly married couple walk into their family reunion and a ruby are sitting on the side you know. Would they play some kids and you just never know you never know you never know. Walk into marriage knowing that this is going to be your plight right first comes love incomes mayors then comes the baby and the baby care. It's like that's what we've been told so here. You are walking into marriage. Insurance acclimated to the union that has just formed. And then the pressure of you know. I mean two months in. We are having kids at that moment. We're not even thinking we're talking about how to get through the honeymoon stage how to you know really you lift up you keep the toilet seat up okay. Let's big are you. Are you snore. You you like it hot in here. I like it right. So you're getting acclimated to the union that has just been formed in this. There's this added pressure. And i think that's why just like the guy who talked your comments had the audacity to do that. I believe that I wrote the rules of engagement in the middle section of the book. Because i started getting offended by the questions that were that were being asked of me and my husband. I'm like hold on hold on. I did it. Because i used to ask the same question. Yeah i'm guilty. But i don't do it no more i do because you're not more you just don't know sir. No and so once that became you know our plights. I became very Sympathetic to how other people feel not just regarding fertility but just any waiting season because the weights in general can be difficult for people especially as believers. Because repressing an for something. You know we've been taught to put the scripture on it and it'll come to pass and they you find yourself in this season where you like. Okay god you hear you hear me. I mean you know here. I am your servants wet. Yeah come through yes you know. And then there's a whole tug of war and me being on the brim of agnostic. There because just feeling like okay. You can do it for everybody around me but not me. Then there's a sense of entitlement god to reveal like 'cause that's where we come from i here. I am a believer spreading your word. You know and. I'm trying to understand why you don't hear me in this area in this area because we compartmentalize things right. We believe in certain areas right. So it's like god it's all right okay. If that area's all right bless in this area but he is. He's probably right now. I'm trying to get bless you in this area. Right right I wanna go back to when you first comes. Love then comes. Marriage then comes the baby. The baby carriage. This is what i want to say to folks. I first comes love now. That i have a little more knowledge. Then comes going to those fertility appointments at a certain age or like even before marriage to kinda even know. Okay if i want to have children. Can i especially if you dealt with like. Indo trio says p. c. o. s. s. You know. And what i've learned throughout you know. Just because i'm just i'm forty one so when i turned forty i probably should have started years prior in my late thirties. Even trying to make sure that. Hey if i wanna have children. Can i have children and my heart went out to. I guess when. I said i don't have pc os. But i was encouraged to know that. I can tell the woman. Hey you might have these issues but it's it's still a way for you to have children if you want to have children so my heart went out to especially black women. We don't know or have those tools. Maybe until it's too late. So that's why might yo. Let's go go to the doctor early. you know. Get your annuals. Get your pap. Speier's in you know. Ask them questions. Don't let anybody run you out the room quickly. No ask questions ask questions. Yes i think that is so so important for for black and brown we especially believers. We don't necessarily assume things like that. And sometimes we put a prayer on it. But it's so important to gain the knowledge about your body how your body functions you know. What is your cycle doing right. Are you you know. Do you have a twenty eight day. Do you have a sixteen day cycle and then find out. Why is your cycle short. Or why is your cycle long. And and i believe that. Sometimes we're not taught that asking those types of questions and you might. You really might not know that you have things going on internally cyst like where assist lying especially as african american women sis can be lying on. The ovaries are close to the ovaries which can create complications. When it's time for you to concede is also important as we start to educate ourselves like you're saying ask our friends. what are you doing. A lot of my friends did not even know when they were ovulating. That is very important. I didn't know when i was. But now i know now you know right right right and me working in the youth ministry when we have those from our church when we have those conversations with the younger girls i call it the slip when you see slip you know you hand slip you know. Y- probably ovulating. It's that liquid when wiping to you know be no but it is what it is and i'm so Years ago and vacation bible school at of all places. My mother is a registered nurse. And i remember She came and she had all these maxi pads and stuff from the manufacturer always and she was teaching young girls about their cycles. And so i'm like yo. We need to talk more about sexuality. And r biden gave less started in church especially those of us were. That's all we spent. Our time was at church saw. I want to learn about jesus but also learn about my body and not have shame later on down the line as it relates to my body. Right pepsi is proud to partner with the black of that podcast network bringing together some of the most influential and trusted voices in black culture for necessary.
Checking In with Michelle Williams
"michelle" Discussed on Checking In with Michelle Williams
"Listen up. This is going to be such a fun. Episode of checking in with michelle williams. I've had a few moments with my guest. June ambrose as it relates to mental health and fashion and there was an episode that we filmed on his show she had on. Vh wild cod style. By june ambrose. I was so insecure. Because i was coming out of well. It'd been a few years. Since i was a solo artist. And no longer touring. They're singing with destiny's child. I was trying to find my style footing outside of the group. How was trying to refine. It actually couldn't refine it. Because i had to define it and june. Ambrose really really helped me with that. Will we found out that it was deeper than defining my fashion sense. We discovered so much fear in me of walking alone doing something by myself so she said to a place where it was a cia trap. He studio where i only thought that. If you're training for gymnastics or the circus that you should only be going to these types of places but going into that trap appease plays when you have to stand on the ledge. I literally burst out in tears. Because i had a revelation that i was scared to take the leap by myself. That was just a personal nugget. I'm just so thankful to june for helping me discover that once again at went beyond anything that she was going to put me in fashion wise. It went beyond anything that surge on the makeup artist was gonna do with my makeup. It went beyond any even. They dyed my hair but none of that mattered. If i was going to continue to walk around with so much fear hours just literally gonna look fierce and be fearful and wanna be fearful some just so thankful to june for helping me take that leap of faith. Now i want to welcome to my podcast. June ambrose and amazing style icon herself but she has made her clients to be celebrity style icons as well especially in the hip hop world for superstars like missy elliott and jay z. And so many more. She's also the creative director for the global brand puma. And when she's not on my podcast she's an n. b. man costume designer for some of the biggest music videos and tv shows. But let me tell you something. She's also just a fabulous friend wife and mother please welcome. I can call her my friend. Y'all please welcome june ambrose. How category. I absolutely absolutely. I really wanted to just speak on your joy. And also the psychology behind your styling. But as i was thinking of people to be on this podcast especially those that are walking their journey to have a better quality of mental health. As said june. Ambrose is always smiling. June ambrose is always full of joy and i was like i never see her in a bad mood and i just wanna know june. How do you keep your joy. It's really exhausting. To be sad it'd be sad instead of the other way around. Yeah like it's. I find that you know i. Smoke is joining that. Were on in life. The cycle we think it's as we're living but it's going very slow but it's actually going really. It's a short trip you know. We're lucky we get a hundred years. You know so. I tried to make everyday count. I try to even on my worst date on on our bed. Dang something happens that may be upsetting or disappointing. I know that it won't that you know there's always a tomorrow. Hopefully yeah if. I want there to be if there isn't gonna make this moment joyful. Yeah i just to tap. And i think since memories really help you to kind of stay happy you know when you tap back into those moments that joint like always tell people that hate taking photos if you feel awkward and uncomfortable in front of a camera tap into like sense memories and think about the feeling the emotion not about. What's in front of you but think about what's inside of you. You know that constant reminder that technique is something that takes practice so if you work on tapping into the joy. When you're in pain you'll be able to call on it even if it doesn't it doesn't sustain you for length of time. At least you know you have the ability to tap into a good feeling. You have that choice now. Some people struggle with not being able to tap into their joy. You know for for many reasons. But i recognize that is one of my superpower so i like to share it and it's just again. It's less exhausting. it's more fun being degi. Hear what she said. Did you get those nuggets. I mean because i feel like you were saying even if you are having a bad day you don't you're not gonna let it turn into your worst day and i also feel like if you're having a bad day some people will let everybody know around them that they're having a bad hair then you make everybody else have a bad day for michelle is kind of also you patient than than a man in space and i'm in creative space also working with celebrity talent and working with corporate big companies beauty brands in different scenarios and being on camera you after how to put that away and not bring that into the space right. So it's like you can't walk into a classroom day you know. You can't go on camera with a day. You have to find a way to pack away.