29 Burst results for "October 2022"
Crypto Banter
A highlight from The LayerZero Airdrop Is Almost Here! How To Prepare NOW!
"Layer Zero is one of the most anticipated projects in crypto. In today's video, I want to run through a few major things to do with the Layer Zero airdrop. Is it too late to qualify for what could be one of the biggest airdrops in crypto history? If it is, how can you still make money from the Layer Zero ecosystem and how can you prepare yourself for an impending airdrop? Some of the indicators that I'm going to show you in today's video show us that a potential airdrop could be happening very, very soon. So if you've been following Layer Zero at all over the past couple of years, you should pay attention to today's video. So looking in front of us, it's clear that Layer Zero is one of the biggest projects in crypto just by sheer size in terms of how much they've raised. They raised $6 .3 million to begin with, relatively humble beginnings, but still led by MultiCoin Capital and Binance. But then they came in with massive backers in A16Z, Coinbase and Amoca, MultiCoin, and then actually Christie's led their own funding round. And then they've had some massive funding rounds since then with $120 million raised at a valuation of $3 billion. So the latest raise that occurred on the 4th of April, 2023 indicates that Layer Zero is a $3 billion protocol. And look, when the token gets listed on the market, it's likely that it's worth even more than that in terms of the actual token price itself, because the raising value and the total market capitalization, FDV, is a very different thing. For example, Arbitrum launched at like, what, 12 bill FDV, and they raised nowhere near that. Obviously, investors need to make a return on investment, right? But what we do know is that for investors to get a return on investment, airdrops are one of the vehicles, so basically by launching a token, that the projects can essentially pay back its investors and pay back its stakeholders. So incentivizing these investors with the token is one of the major ways that attracted this much liquidity. And there's also a way that they can bootstrap liquidity on the ecosystem to ensure the success of the Layer Zero protocol long term. And when you have an airdrop, obviously that means, especially with a big valuation, that there's going to be a slice of the pie given out to the community. And the bigger the raise, the more the slice of the pie is going to be. And with Layer Zero being such a big protocol from a valuation perspective, it's no doubt that it could be when the airdrop comes, one of the biggest airdrops in crypto history, one of the biggest airdrops that we've ever seen. And this is one I've been preparing for for quite some time. You can see here I did my first full deep dive on Layer Zero back in October 2022, over one year ago now. If you've been farming this airdrop for over a year, you're in an amazing, amazing position. I actually mentioned it even before this in the context of another thread, which amalgamated a bunch of other airdrops as well. And I also did a follow up earlier in the year as a last warning, a last reminder. And I also did videos on it on crypto banter at the time that you should highly consider going for the Layer Zero airdrop if you haven't already for the people that weren't already farming the airdrop. So I hope I've prepared you guys for what could be a potential airdrop. But if you haven't been farming the airdrop and if you've done nothing on Layer Zero, don't worry. Towards the end of this video, I'm going to show you a way that you can still make money in the ecosystem because there's going to be a massive amount of liquidity coming into the ecosystem. Once the airdrop takes place, like Arbitrum, there were tons of opportunities on the protocol side. And there's actually a couple trades right now, which I believe are decent Layer Zero proxy trades, which I want to get into. But for the ones that are potentially looking at an airdrop, I'm sure you want to know when airdrop, well, we got some really interesting revelations over the last few days. It's funny, if you look at the poly market odds for Layer Zero airdrop, if you go into the week, they spiked to an 84 % probability based on the market's interpretation of the Layer Zero airdrop, due to the fact that the SSL certificate was officially lodged. And we can see that the lodging issuers do show that a Layer Zero Foundation common name was issued. Now, what an SSL is, is it's a digital certificate that authenticates a website's identity and enables an encrypted connection. Companies and organizations need to add SSL certificates to their websites to secure online transactions and keep customer information private and secure. We saw an SSL certificate application for Arbitrum the week before their airdrop announcement. We also saw the day before the airdrop announcement Arbitrum pump in terms of its poly market odds, enabling people to speculate on it beforehand. So this obviously has led a lot of people to believe that a Layer Zero airdrop could be coming sooner rather than later. But it's been a bit of a saga on the day since we saw that odds because we've seen people out of the Layer Zero camp say that nobody actually manually triggered the lodgement of that certificate and that they thought it was an automated event, which is quite interesting. But then again, Arbitrum did deny a lot of these things until they went live. So they may be stalling, they may have known about it. We don't have full transparency over what the team is doing here and what the team is up to. All we know is that things are looking like there's going to be an airdrop and Q4 has been touted for quite some time in terms of the period where we'd get an airdrop. And obviously we're in November heading into December. It's really, really close to a potential airdrop if not the snapshot's probably been taken already, right? And if they do choose to delay then 2024 Q1 could be a logical period for them to launch an airdrop. So CC2 summarised the current airdrop situation for Layer Zero. He anticipates that this week either they'll push a significant announcement that the snapshot occurred. This would indicate that an airdrop is coming soon. He said that the smartest minds that he talked to said waiting until at least Wednesday. So it's currently Tuesday, maybe Wednesday in some countries depending on where you're watching it from. So that still hasn't happened yet. He also said the other outcome could potentially be them not announcing anything beyond the usual chain and partnership integration. And potentially the airdrop happens either later in Q4, so December, or maybe in the new year. If it is in the new year, it's unlikely they do it over the holiday period. It's more likely that they do it in late January or early February in my opinion. But if we look at the Polymarket odds right now, the market is saying that it's roughly a 50 -50 split versus whether or not there will be an airdrop. So that is fluctuating and it's interesting because there's a vehicle for speculation there if you do want to speculate on a potential airdrop. It could be within the next 10 days, possibly, if the SSL certificate is an indicator like it was for Arbitrum. But I still think if you are in line for a Layer Zero airdrop, I wouldn't get your hopes up too much. If you did follow my airdrop guides, though I think you're in an amazing position to get an airdrop, if you didn't follow those guides, I think there's maybe a possibility the snapshot isn't taken. But for me, it's not a high -risk roleplay anymore. You're better off because these guys have had years, your competition essentially, have had years or over a year to build up trading volume across Stargate, across bridging volume, frequency, all of that stuff that's obviously going to play into who gets a big airdrop. If you're starting today, you're not going to have time unless you're a whale to build up that volume and you're definitely not going to hit the frequency or the time components or the governance on the STG side, those components that could provide a little bit of nuance to benefit our loyal users of the laser ecosystem because they're clearly going to want to reward those guys too and try and knock out cyber wallets. So I think if you've missed it and you haven't been airdrop farming, I would turn my attention to some of the next biggest airdrops, a few that I could think of off the top of my head. You've got Starknet, you've got Linear, these kind of airdrops that I've done videos on. If you search up airdrops, Miles Deutch, or Crypto Banta, I'm sure lots of videos come up from my show because I've done guides in the past. But yeah, I would definitely turn my attention to focusing on those if you missed the Layer Zero airdrop. If you did miss it though, now let's talk about the ecosystem because here are where some interesting trades start to present themselves. So one, I think that the Layer Zero airdrop could act as stimulus for the overall ecosystem. You can see in front of you some of the key ecosystem dapps. But two, I think in the lead up to the airdrop, if people want to speculate on the Layer Zero token before the token is officially launched, then you're going to have to use ecosystem dapps as a proxy bet. So there's kind of two plays here. There's kind of a buy the rumor or airdrop trade heading into the airdrop. And then there is also like a concrete play on additional liquidity entering the ecosystem. Or maybe the Layer Zero token launches a little bit overvalued, right? And people try and play the proxies, the catch up plays based on relative valuations, because we don't quite know where Layer Zero is going to land in terms of its valuation, although I expect it to be probably a top 20, if not a top 10 protocol, given the fact it has a three bill valuation on the cap table, which is one of the biggest raises in crypto history in terms of value, alongside things like Starknet and Scroll, these other L2 type products, which are charging massive, massive, massive valuations. So the ecosystem is an interesting trade. Within the ecosystem, two tokens really stand out Stargate being one of them being pretty much your primary Layer Zero powered application and Radiance as well, which is an application that gives you exposure to not only the Layer Zero ecosystem as they use Layer Zero to power their multi chain borrowing and lending strategies, but also the Arbitrum ecosystem, which currently has its incentive grants taking place at the moment, as well as an underlying EIP narrative and Arbitrum staking, which just got proposed to. So I'm pretty bullish on the Arbitrum ecosystem at the moment, I'm bullish on Layer Zero. So radiant becomes a decent proxy bet. So I have been adding radiant at some of these key levels, I've made two buys into radiant around the mid range here at the 23 cent zone, bought a little bit more on the breakout here at 24. My next add up add zone will be after any major pullbacks, we are heading into a bit of resistance. But if we do get a market pullback, and I think Sheldon talked about that on his show, Radiance definitely one that that's on my watch list. And I highly recommend if you haven't already, you make a trading view watch list, a buy list, a trading list, whatever to track the tokens that you're currently interested in. Because radiant is definitely online. And it's definitely one that I'm watching on that I talked about in yesterday's show and my weekly watchlist on Twitter as well that I post every Monday. So radiance one Stargate is actually the other one, which hasn't actually moved up as much as Radiance. So you can see from the bottom Stargates moved up 44%. Actually, they're pretty similar. And over the last few days, Radiance moved up 44 % as well. They've both moved up Stargate probably hasn't had that massive thrust based on prior price action due to the fact that there is some impending supply overhang due to FTX. Radiant for that reason becomes my preferred play of the two. But if you zoom out onto the weekly, you can see Stargate, although it has moved, I mean, still significantly down from highs and you can put radiant in the same category as well. Although it has made a significant push up from the bottom and is now coming into this major mid range territory here, if you want to draw out like major timeframes on the weekly where you'd be drawing out your horizontal support around this level at the 32 cent zone. So making its way into that area, that is the area that I'll target any sort of pullbacks back down towards range low, I think would be a great zone to load up for a potential targeting of this upper bound at the 32 cent zone, which I think eventually we will get to in my opinion. So these two become decent proxy bets on layer zero if you haven't got any exposure to the ecosystem, either through the applications or through the airdrop. One thing I'm doing for a token like radiant specifically, because it's on the Arbitrum chain, I've been using Kyber AI to actually track the momentum for the token based on AI data. So if you go into Kyber AI, there's a link in the description below to sign up for beta access, and you switch to the Arbitrum network, you click on radiant capital, you can actually see the momentum for radiant. So when this ticks into bearish territory, that's when I'm going to start. So you see here when the Kyber score goes super bearish at 26 cents, it ticked upwards and then it pumps to 28 cents. When we have reversals like this, and we get sub 20 on the Kyber score, which is a metric that takes into account a bunch of on chain analysis, if that lines up with a broader market pullback, that is one of the confluence indicators that I will use to buy more radiant. So I'm monitoring Kyber AI all the time, you can create watch lists on Kyber AI, put all of the tokens that you're trading in there, and you can use that to solidify your trading strategy. So that's a good tip. It gives you all sorts of on chain analysis and data, which is of course amalgamated into that Kyber score, which is based on machine learning. But you've also got also a bunch of in depth order flow type statistics like trading volume, net flow to whale wallets, etc. Centralised exchanges, number of transfers, all that really in depth data that's going to help the on chain sleuths on chain traders out there. So that's something I'm using with a link in the description below to access it if you haven't already. I want to give you an update on my radiant bots as well. I've been doing a lot of trading bots recently, you've probably seen some of my trading bot videos. I want to give you a quick update on my radiant grid bot. So my futures DCA martingale strategy is currently up 75%. So doing really, really well up a p &l of $200. It's a small test position for me, but nonetheless, pretty impressive p &l, which I actually put my full size into this. But I've just been testing out bots radiant worked really well because it was within a range. And it got some nice averages while it was within this range, you see this range here. And then when it broke out, a lot of those cells got to execute. And that's why the p &l really pumped on that one. And then you can also see I've got another grid strategy, a futures grid strategy, which isn't a martingale strategy, which basically alters the buy size depending on Yeah, if you go down, it kind of doubles up martingale doubles every time and takes profit on the next grid. The futures grid is more linear, so it doesn't double, but this one's up $85. And 34%, one of my highest performing bots as well. So for me, a great way to get exposure to these trades isn't just through trading them on leverage, it's actually through setting up bots and setting up the parameters to trade buy and sell radiant within a certain range, when you get a breakout, you can actually execute on a lot of these orders. So if you're bullish on a token, setting up a long DCA gridbot is not a bad idea. If you know what you're doing, I have a tutorial, which I'll link in the description to okxgridbots if you want to learn more about it, and you're confused what the hell I'm talking about. I've done an entire video on this that will be in the description below that you can check out. I want to give a quick shout out to one of our official show partners, which is SmartX. If you are interested in earning passive income on any of the tokens listed on the AMM across Arbitrum, BNB, base and polygon, you can do so in the description below and get access to APRs of up to 60 % on the SmartX platform. And SmartX is really cool because they've engineered a way to drastically reduce the negative effects of impermanent loss. If you go into their on -chain compare function, you can actually see the performance of SmartX pools versus similar pools on other AMMs like Uniswap v3. And you can see, for example, the Arbitrum USDC pool is performing a lot better in terms of impermanent loss. Actually, it's in impermanent gain versus the other pools. And this is because of the algorithm that SmartX has. So in the past, putting a stablecoin alongside a token that you like hasn't been the best because if the token pumps, it really limits your upside. And it can also really screw you on the downside if the token moves significantly in price against the other asset. That's what impermanent loss is. With an application like SmartX, you can often get much better results where you can maintain the efficiency of the token that you're in, the efficiency of the LP overall, because you'll be pairing it with another token, of course. There's many examples of this, the Matic USDC pools the same, much better performance overall, net performance 7 .8 % versus these other pools which are much lower. You can see this as well in USDT, BNB. So all this is transparent. You can check out the on -chain compare function on their website. And yeah, link in the description below if you want to deposit liquidity or swap or even stake some of your assets. So link in the description below to SmartX and also to the OKX video and also to Kyber AI if you want to check out some of the AI -powered data that I've been referring to in the show. Hope you enjoyed today's show on Layer Zero. Hopefully it gives you a bit of info into how I'm trading it. Pretty bullish on Stargate and Radiant, especially if we get a pullback. Those will be tokens that I look at adding to. I am pretty excited for the Layer Zero airdrop as someone that's been involved in it for over a year. It's going to be amazing. I can't wait for the day. We may need to wait a little bit longer now, but I mean, we may even be surprised towards the back end of this week. So keep your eye out for that. And yeah, it's a super exciting time. We can actually see Layer Zero's trading already on the hyper liquid market. So it's an IOU contract which enables you to buy it. So if you really want to buy it now, you can actually buy Layer Zero, but you won't actually own the token. It's an IOU. And often these are really overpriced. It ended up coming down significantly in price when the token actually launches. So I will see you in the next show. Have a lovely rest of your day. Peace out.
Crypto Banter
A highlight from The #1 Trading Strategy For Making Money In Crypto November 2023
"The number one trading meta in the market at the moment is conference pumps. Over the last two to three weeks, we've seen the strongest gainers in the altcoin market actually be coins with upcoming crypto conferences. So in today's video, I want to talk about this strategy, how you can apply it to your trading, what it tells us about the market, and also look at some of the upcoming conferences to see if there are any trade opportunities on the table. So in the last 30 days, Solana pumped over 104%, Nia pumped over 48 % in 18 days, XRP rose 26 % over the same period, and two of the biggest AI coins, FET and AGIX, also rose 83 % and 43 % over 18 days. For context, during this exact same period, the total three index, which is the total cryptocurrency market cap, excluding Bitcoin and Ethereum, rose a mere 15 % in comparison. So it's clear right now that the market dynamics have shifted because before the anticipation of good news leading into a conference or leading into an announcement wasn't really garnering much hype in terms of price action. But now with market dynamics starting to shift, retail sentiment slightly increasing after the latest Bitcoin pump that we've gotten, the market is now more susceptible to these pre -conference and these pre -announcement pumps, which makes the whole buy the rumor, sell the news trade more applicable to trading because before the market wasn't really responding. So let's go through some of the major conferences now, look at what the tokens are doing, and also look at what happened in the last time they had a conference pump. The first one is Solana, the red lines exhibit the breakpoint conferences in Lisbon, this year it was in Amsterdam. And you can see here that every Solana breakpoint conference, Sol pumps aggressively into the conference and then has a sell off. It happened in 2021, it happened again, we had a 40 % pump in October 2022, then the FTX saga happened and it crashed. And now we've had a pump again, we're starting to get that rejection. You see that wick here on the top of the candle right into the conference towards the end of the conference. Will this be another buy the rumor, sell the news event? Well, history tends to indicate that that is the case for Solana. The only caveat that I'm going to throw into the mix here is that the FTX saga was basically unprecedented. So that was a very rare black swan event for the market, which impacted Solana's price. And then also the Solana breakpoint conference in November 2021, corresponded with the overall market top, obviously the rate hike fear started to climb back into the market, Bitcoin started to reverse, sentiment from a macro perspective started to shift and the entire market sold off. So it wasn't a Solana specific buy the rumor, sell the news. So there were two macro events, which maybe impeded our ability to read the price action accurately here. But one thing is for sure, there has been a sell off into the event. So that's one thing. Let's look at some of the other events though. Nia protocol, pretty much the exact same thing happened into Niacon in September 2022. We saw Nia pump and then dump aggressively post conference. If we see what total three was doing during this time, the market was relatively sideways. It did have that major drop in November, but as you can see, the Nia drop happened even sooner. So the fact that the market didn't take a huge sell off during the Nia conference, sell off indicates that this was a buy the rumor, sell the news event. And then it went on to make lower lows. You can see now into the next conference, which is exhibited by this second red vertical line here, we are seeing strong price movement from Nia pumping over 48 % in 18 days. So these coins are now starting to be responsive to these conferences, but historically it's been buy the rumor, sell the news. But let's go into another one. Let's look at the XRP conference. They didn't have a swell conference last year, but it is pumping in the lead up to the conference once again. XRP actually looks really good. It is making higher lows on the weekly timeframe here, which from a macro perspective is quite good. You can see FET and AGIX also moving aggressively into the AI conference season. I think the one that has garnered the most attention is the inaugural open AI developer conference on the six, lots of announcements being teased there. I don't necessarily think there's going to be a FET or AGIX announcement, but nonetheless, the AI narrative is running into the hype of that conference. So what can we kind of look at from this data? Well, what we can see is that in the past, buy the rumor, sell the news events have definitely been prevalent for conference pumps. So you do have to be careful in terms of longing into the conference, like on the actual day of the conference. However, there is definitely a trading opportunity leading into conferences. In fact, there is a trading opportunity leading into a lot of major conferences. Timing it can be tricky because the further out the conference is from the time you're positioning yourself, yes, you are front running the narrative, so you're getting in early. That can be an edge, but the downside is market conditions can change in the meantime. So let's say the market takes a huge sell off in the interim, even though you get a conference pump that may erode most of your gains. So there is a risk positioning yourself super far out for conferences, but what we can observe with conference pumps is that they tend to gain steam roughly 18 to 25 days pre -conference. So this is typically your best time to position yourself in the shakeouts in the month prior to the conference. You can see this happen with Solana in the lead up to Amsterdam this year. You can see it happen with Nia with that shakeout a few weeks before the conference in August 2022. So the best trading opportunities are actually usually a few weeks out because then you're not holding onto your bags for let's say an entire month and exposing yourself to general market downside if there is downside. Instead maybe you miss out on a little bit of potential gains, but you're getting in during a time period which is still early enough before the conference that traders don't pile into the trade. I do think conference trades though only really work when the market is feeling okay towards altcoins. In complete bear markets like we've seen over the past year or so, the market has been unresponsive to conference or announcement pumps. So this is definitely a trading strategy that you can use. And another thing you can do when you are taking entries for these sort of trades, obviously you want to be getting in during the pre -conference shakeouts if there are any. When you're getting your entry you can actually make sure that you're buying in during a time where that token has momentum. For example if you were buying into Solana pre -conference you could search up Solana on Kaiba AI and you could get a metric which is its Kaiba score to dictate whether momentum is starting to go from bearish to bullish territory or bullish to bearish territory which gives you an indicator as to whether you're catching the momentum of the market. So Kaiba AI is a really good tool because it's going to give you on -chain analytics which show you the amount of trades, type of trades that are happening, whether you're seeing net flow onto exchanges or back onto DEXs and I think this is a really important thing to keep your eye on because this can help you get better entries and the Kaiba score aggregates a lot of that data to give you an indicator as to what the momentum of a token is at any given moment and you don't only need to do this on a token like Sol, you can do this for any token which is across any of the EVM networks. Although Sol technically isn't an EVM token, it's natural to the Solana blockchain, it is wormholed onto other chains like the BNB chain. So maybe the on -chain analytics aren't as accurate but a lot of people still do trade Solana on wormhole. You can see here just the amount of trading volume we can see, 523 total trade spot Solana trades on the BNB chain. So there's a link to Kaiba AI in the description below. If you do want to sign up and get market alpha before the rest of the market, CryptoBanta subscribers do get early access to Kaiba AI versus the normal waiting list that you'll go into if you weren't, clicking through the link in the description which can run you a few weeks. So now we've looked at some of the biggest coins that are pumping into the conferences and their historic data but now I want to look at the lesser known ones because buying into a Solana conference hype or an XRP conference hype or NIA or ADA conference hype, it's very different from trading some of the smaller coins. Typically the lesser known coins, they won't pump as aggressively into the conference but if there is any announcement or hype around the time of the conference, there can be good trading opportunities. So I'll name a few that have conferences over the next few days that I think you should keep your eye on in case there are any big announcements. Remember, the market is now more responsive to news. You've got Apecoin being one with Apefest, by the way, token doesn't look that strong TA wise but this is definitely something to keep your eye on, who knows, they might pull a rabbit out of a hat. You've got Helium Network as well. This conference is in another five days so there is more time for a trade here on HNT so this is what I would look at into this conference. You've got YGG which is nice because it overlaps with the gaming industry, this is a little bit further out so this is in that window that I discussed before about trading into pre -conference hype and YGG also overlaps with gaming which has been one of the hotter narratives over the past couple of weeks. This is actually one that I might look to trade leading into the conference as well as Helium which I'm keeping my eye on and Apecoin for me is only if there's really any major announcements in the conference, it's not a very hyped coin. So as I said, the lesser known coins typically, they might not outperform as well into the major news. Now I have another strategy for you that you can implement which is actually just keeping track of your own calendar. So you can really front run the narratives by like months or weeks, a lot of the time the conferences aren't necessarily announced like 6 months to 12 months ahead but at least a few months ahead, you can get an idea of what conferences are at what times and this can actually help you start to pre -empt the rest of the market. So if you do have a bit of patience and you're willing to market out in your calendar, these can be great trades. Definitely, definitely great trades. I know a lot of traders who actually get their own edge through a lot of these conference slash announcement trades. So there's a website called coinmarketcal .com. What you can do is you can use the filters here to sort by conference or other announcements. You can also sort by date and what you can do is you can scroll through and see what upcoming conferences there are. You can see there's a few general events, there's a few specific events. You can go further down the list and get dates further in the future. You can also set your own dates and this will allow you to see what conferences there are. You can see here Neocon, then we've got Helium House, then Ripple. These are some of the more hyped ones like Neocon and Ripple price -wise but then as we go further forward, you have Avalanche happening in two weeks time. That might be one to keep an eye on. You've got a few other ones as well to keep your eye on and also broader crypto conferences which may have announcements. Always good to look at these too and look at who the speakers are so you can start taking your destiny in your own hands and preempting for some of these conferences. A lot of them aren't listed until closer to the conference but we know the sweet spot pre -conference is usually around a month out to start looking at positioning yourself due to the market conditions effect that I mentioned earlier so that's really fine anyway. Three to four weeks out I think is a decent trade. Anything longer than that and you're kind of holding on to hope a little bit and if you're in a leverage position, you might be paying crazy funding to hold your position in the meantime so that is also something to note. I want to give a shout out to today's sponsor SmartX who are offering some of the best APRs in crypto for stakers so if you are holding any Arbitrum, USDC, Bitcoin and you would like to stake it, SmartX has a solution which minimizes the impact of impermanent loss which is an awesome feature which I think makes LPs feel a lot more comfortable staking. You can earn some pretty insane yields between as you can see here 29 % all the way up to 51 % across a variety of chains. Some chains have higher APRs depending on the pool and also different assets on BNB you can stake BNB, on Polygon you can stake MATIC so I would highly recommend checking out the SmartX Farms if you would like to earn some passive income and they also just reached $100 million worth of on -chain volume. They recently partnered with 1inch to offer their liquidity across a variety of other service providers which is a massive milestone for the ecosystem as well so there's a link in the description to SmartX if you want to check them out and earn some passive income. I hope you enjoyed today's video and learned something about trading conferences. Let me know in the comments below which altcoins you're trading and if there are any conferences you're looking forward to from a trading perspective. It is really the meta in the market at the moment and not just conferences by the way but announcements, good news, this kind of thing, this preemptive positioning ahead of events I mean that's really what the entire BitcoinSpot ETF trade is, is super effective in this market environment so definitely something for traders to take out of today's video. I'll see you in the next one. Peace out.
Unchained
A highlight from SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words
"The paperback version of my book, The Cryptopians, is out now. It contains a new afterword covering recent developments in crypto since 2021, when the book went to press. Plus, this version names the person I suspect to be the DAO hacker. In case you never got to read the book in hardback, or, like me, you like to read paperbacks or bedtime reading, order today. Check our newsletter and the show notes for the link, or just search for it at any of your favorite bookstores. It's The Cryptopians — idealism, greed, lies, and the making of the first big cryptocurrency craze. Thanks for reading. Hey everyone, Laura here. Welcome to the Unchained Recap for Day 16 of the SBF trial. Thanks for tuning in. The government wrapped up its cross -examination of former FTX CEO Sam Bankman -Fried on Tuesday with Assistant U .S. Attorney Danielle Sassoon shooting more rapid -fire strings of questions at SBF that underscored the incredulity of some of his claims, plus a mic -dropping set of final questions that seemed to indicate the defendant's knowledge of his guilt. In her cross -examination, Sassoon interrogated the defendant's relationship with Bahamian officials, his efforts to determine who would have spent the $8 billion of missing FTX customer funds, his concern — or lack thereof — about the fiat ad account, and his infamous Nov. 7 tweets telling customers' assets were fine, which he deleted the next day. The defense followed with a redirect examination aimed at recreating reasonable doubt that the 31 -year -old former FTX and Alameda research CEO did not defraud or conspire to defraud customers, investors, and lenders. It used the time to give Bankman -Fried space to further expound on his answers in the cross -examination Monday. The prosecution started its cross -examination by asking Bankman -Fried about whether he cultivated a close relationship with Bahamian officials. For instance, she asked whether SBF recalled proposing to the Bahamas Prime Minister Philip Davis that FTX pay off the country's national debt of roughly $11 .6 billion. SBF said, quote, I don't remember that. Sassoon also asked SBF about having a conversation with Davis' son about a job in NFTs and giving Davis and his wife, quote, floor -side seats at FTX Arena to see the Miami Heat. She brought up a screenshot of a Signal group chat named Project Chinchilla Chatter, where SBF had joked that former co -CEO of FTX Digital Markets Ryan Salem was a member of the Bahamas government. She also mentioned a private dinner and played a video from the Crypto Bahamas conference. Davis was in attendance at both, alongside guests like former US President Bill Clinton, former UK Prime Minister Tony Blair, singer Katy Perry, and actor Orlando Bloom. Then she pulled up an email from November 9, 2022, between the defendant and Bahamas Attorney General Ryan Pinder. By that point, FTX had halted withdrawals. And yet, in the email, Bankman Fried wrote to Pinder, quote, we have segregated funds for all Bahamian customers on FTX, and we would be more than happy to open up withdrawals for all Bahamian customers on FTX. Bankman Fried admitted that FTX was reopened temporarily solely for Bahamian customers. When Sassoon asked him about what she called Alameda spending the FTX customer fiat deposits from the North Dimension bank account owned by Alameda, Bankman Fried said he did not learn until September -October 2022 that FTX customer fiat deposits in the North Dimension account had been, quote, used. Under the quick questioning from Sassoon, SBF admitted that it was, quote, permissible for Alameda to borrow and use fiat deposits, and yet that he didn't tell his employees not to spend FTX customer deposits, didn't set up measures to segregate FTX customer funds from Alameda's funds, didn't tell Alameda employees to keep FTX customer money in the North Dimension bank account for the benefit of FTX customers, and yet made representations before Congress about the safeguarding of FTX customer assets. Bankman Fried claimed that in September -October 2022, he learned that $8 billion of customer money had been spent. When Sassoon asked him what information he learned about who had spent it, he said, quote, I don't remember knowing anything about particular employees. She rejoined her, so it's your testimony that while you were CEO of Alameda, by the way, I think she meant FTX, some unknown people spent $8 billion without your knowledge? Then she asked him, you didn't call in your deputies and employees and say who spent $8 billion? He said he asked Ellison how it happened. Sassoon asked whether he had fired anyone for spending $8 billion of FTX customer deposits. He responded, no. She responded, and so, just to be clear, it's your testimony that while you were Alameda CEO, your employees were spending millions and then billions of customer funds without you knowing it? SPF denied that it was his testimony. During the defense's redirect, Cohen asked Bankman Fried why he had denied to Sassoon that he had spent the $8 billion. SPF first stated how he didn't think, quote, there was a clear, simple pointer decision where a particular person or group decided to spend the money. Moreover, he, quote, wasn't particularly interested in trying to dole out blame for it. That wasn't my priority. It was generally something I deprioritized as later, and I tried to focus as much as I could on what stuff has happened, what's the best thing we can do going forward. Similar to the earlier line of questioning about whether or not Bankman Fried had tried to identify who had spent $8 billion of FTX customer money, Sassoon showed multiple times that SPF's actions don't quite match his story. For instance, he described simply overhearing about the fiat ad account from FTX co -founder Gary Wang and director of engineering Nishad Singh just after Ellison had feared that Alameda might have gone bankrupt. Earlier, he had testified that at this point, SPF learned that Alameda's liabilities to FTX were $10 billion, not $2 billion as he thought. In this section of the transcript, Danielle Sassoon says, and you didn't say, hey guys, what's this fiat ad account that had an $8 billion bug that almost made Alameda bankrupt? SPF replied, when I heard it, I didn't have all that context, but I did ask what the fiat ad account that was an account was referring to. Question, and you were told, weren't you, that it had to do with Alameda's liabilities to FTX for customer funds, right? Answer, not at that time. I was told they were busy and I should stop asking questions because it was distracting. Sassoon asked, so it's your testimony that your supervisees told you to stop asking questions? In the overflow room, people laughed. Sassoon aimed at Bankman -Fried's credibility, highlighting tweets that, from the government's point of view, demonstrated how the defendant misrepresented FTX's financial status to customers. She focused on several tweets SPF posted on November 7, which were deleted the day after, once it became known that FTX did not have the full amount of assets to process customer withdrawals. Bankman -Fried said that before FTX went bankrupt, but as customers were rapidly withdrawing from the exchange, he was writing tweets because, among other things, he wanted to reassure customers and have them leave their funds on the exchange instead of withdrawing. Referring to the statement in the November 7th tweet, quote, FTX has enough to cover all client holdings, Sassoon said, quote, your tweet doesn't say that Alameda has enough to cover all client holdings, does it? He agreed. She reminded him that in previous testimony, he said that when he wrote this tweet, he was referring to the fact that Alameda had more in assets than liabilities. He said he wouldn't put it that way, but then she asked, quote, on November 7th, FTX itself, if you disregarded Alameda's assets, did not have enough to cover all client holdings. He disagreed. Bankman -Fried admitted that even if he and Alameda had liquidated its assets, for example, by either selling their investments in Robinhood and recalling their money from Modulo, the amount was still less than needed to cover FTX's obligation to its customers. And Sassoon asked him if these assets were investments. He said yes. Then she said, quote, you tweeted, didn't you, that we don't invest client assets? He said, that is correct. For the final line of questioning for the cross -examination, Sassoon created a mic drop moment that indicates SPF knew who the four co -conspirators were even before all four were publicly known. Sassoon began by asking, quote, Mr. Bankman -Fried, you would agree that you, Caroline, Gary, and Nashan were the ones involved in the decisions to spend FTX customer money by Alameda, right? He said no. Then she asked if he had learned in December that Caroline and Gary had pleaded guilty. He said yes. When asked if he knew that they were both cooperating with the government, he said he wasn't sure, but, quote, I may have. Then she pointed out that in January, he would have learned that Singh had also pleaded guilty. He said January or February. She asked if, in December, when he'd heard about the guilty pleas of Caroline and Gary, he'd been surprised not to learn anything about Nashad. He agreed. She responded, because Nashad was the fourth person involved in your scheme to use FTX customer money, right? He said nope. She pulled up the same Google doc written on December 25, 2022, in which, in Monday's testimony, Sassoon had shown he'd been wondering if he could get the Robin Hood shares transferred to himself. However, this time, she focused on a different section of the document, labeled Nashad. Question, do you see it says Nashad? Answer, I do. Question, and A says, quote, lots of the complaints, et cetera, filed at this point make claims like the three co -conspirators in a way that doesn't really seem to leave much room for them adding on a fourth. They don't seem to be keeping a seat warm for him as a defendant. Do you see that? Answer, I do see that. Question, B, also there's no plea deal, no nothing, yet. Do you see that? Answer, I do see that. And quote, C, what does this mean? One, he got immunity. Two, they aren't bothering with him. Three, they'll just have a separate parallel set of complaints for him once they get past whatever the blocker is. Four, something else? You wrote that Mr. Bankman -Friede, correct? Answer, I think so. After the defense's redirect, the judge and both teams of lawyers had a charging conference to revise the jury's instructions. On Wednesday, the defense and prosecution will give their closing statements, then the jury deliberates. The end is in sight. We'll see you next time.
The Breakdown
A highlight from SBF Gets Absolutely Buried in Cross-Examination
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, October 31st. Happy Halloween. Today, we are talking about Sam Bankman -Fried on cross -examination. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello everyone. First, let me say before we get into more SPF, a big happy 15th birthday to the Bitcoin whitepaper. Crazy to think that that was 15 years ago, a decade and a half of Bitcoin. Here is to many, many more. All right, well, we are firmly down in the muck with SPF and if yesterday's show was all about Friday's prepared testimony and direct examination, and specifically how Sam contradicted the previous testimony of Caroline, Gary, and Nishad, Monday's testimony and today's show is all about the cross -examination. Just to level set a little bit for how that went, here's how Laura Shin described it. Hey everyone. We just got out of the courthouse and I think it's pretty fair to say that at this moment it just feels like it's over for Sam Pinkman -Fried. Honestly, if before lunch it felt like we were witnessing a murder, then afterward we were witnessing somebody just stab a dead body over and over and over and over and over again. Basically, Danielle Sassoon again trotted out multiple statements that Sam Pinkman -Fried made and multiple statements where he contradicted those statements, you know, was often evasive. She just caught him in so many things. Alright, so let's dig into this. Technically yesterday began with the end of the direct examination. There were a few things covered. One was this hedging defense that somehow everything would have been fine if Caroline Ellison had just hedged, like Sam told her to. SPF said that he had numerous conversations about hedging with the then CEO of Alameda, saying that he had directed Caroline to hedge once in late June or early July, and then following up throughout September. Sam told the court that Alameda's net asset value had already fallen from $40 billion to $10 billion, and that he was, quote, worried that Alameda might become insolvent. Sam discussed Caroline's teary -eyed response, where she agreed that Alameda should have hedged and that maybe they shouldn't have had so many venture investments. He said that she had offered to step down as CEO, but that he wasn't trying to push her out, and that his, quote, biggest concern was that if Alameda remained unhedged that it might go bankrupt. And so I thought that the focus should be on urgently putting on the hedges that would protect against that. Sam explained that Alameda had put on hedges in September, but they weren't as large as he would have wanted. Thus, he directed Caroline to increase the hedges. I will take a pause here and note two things. First of all, on the one hand, Sam has tried to testify that he didn't know what was going on at Alameda and didn't have any control. And yet here, he's talking about how many times he has directed the CEO to take a very specific action. It kind of feels like one of those you can't have it both ways and either you were the de facto CEO or you weren't kind of situations. Second, and something that I'm sure will come up with the jury, hedging in Alameda's performance doesn't have any real bearing on whether or not Sam committed fraud by knowingly using FTX customer funds for his hedge fund slash financial playground. It is a distraction and really has more to do with what might have happened if we had never found out. Now, speaking of what Sam did or didn't know, he also tried to suggest that he didn't really have any idea what was going on until October. He claimed that in October 2022, he had been given direct access to the FTX database, which was previously only accessible by developers. He said that he used this access to build a full view of Alameda's accounts. During that investigation, Sam claims that he learned about the hidden accounts including Se -Yoon 88, which has been sometimes referred to as our Korean friend during reporting. That account was used to wall off Alameda's liabilities to FTX in an account that didn't accrue interest. Now again, this contradicts everything that we've heard from every other witness, but alas, that's what Sam testified. The defense moved on to the final week of FTX, beginning with the release of the Alameda balance sheet in a Coindesk article. Sam acknowledged that he discussed Caroline sending a tweet which would refute the claims. That tweet said, quote, Now again, another revealing part of this testimony, and remember, this is direct examination. This is Sam being questioned by his own lawyers. Is Sam seeming to think that any entity that he was connected to could just move assets freely back and forth between them? He's literally explaining here that a holding company, a shell corporation created entirely to hold Sam's equity in FTX, counted as an asset for Alameda. While Sam seems to think that that's a good defense, to me, it kind of just makes the point clear that he never saw any barriers or differentiation between any project that he was the head of, or any entity that he had ownership over. In other words, if Sam thought he could just move assets from the shell company Paperbird onto the Alameda balance sheet to shore it up to external eyes, is the jury really supposed to believe that he wouldn't do the same thing with FTX customer deposits? Now when it comes to the final days and hours of FTX, Sam basically reinforced over and over that he believed that they had enough resources to take care of everything and that it was all CZ's fault for triggering a loss of confidence and, as he wanted to characterize it, a run on the bank. He also tried to sow doubt when it came to Nishad Singh, as Sam recalled Nishad messaging him about trading his personal account to clear his debts. There were over $500 million in loans for investments and donations that had been papered in Nishad's name, along with $80 million for personal expenditure. Sam said that Nishad was quote, actively suicidal at the time and was being overseen by a therapist. The two of them discussed Sam taking the blame, with Nishad concerned that FTX employees would think it was all his fault. Sam wrote, At this stage, the testimony broke down into a long objection about whether Sam could testify to telling Nishad that he didn't think they did anything wrong. The evidence was ultimately disallowed. The testimony concluded with a discussion of the 11th hour plans to raise funds. Sam spoke to his attempts to raise funds from Apollo Global Management. He detailed his discussion with FTX General Counsel Kan Sun, but told a very different version of the story. Sam claimed quote, That said, Sam claimed to believe there were additional buckets of assets held within FTX which would cover Alameda's borrowing. Primarily, he seemed to be referring to using assets that customers had staked on the exchange to backfill Alameda's shortfall. Sam said, Now, of course, Sun's testimony had been very clear that he told Sam that the size of those buckets was dwarfed by the size of Alameda's borrowing. From there, we got into the cross -examination. Today's episode is brought to you by Kraken. For far too long, the whole financial system has been standing still, too slow, only on for certain hours, overly designed for some types of people, but not for others. Crypto, at its best, represents progress. It asks the question, what if? It invites people in instead of leaving them out. It's on 24 -7, 365, and moves at the speed of real life. Not everyone believes it, we've got our fair share of detractors, but that's the way it always is when you're building something new. Kraken is a crypto company that has been through the highs and lows of the industry, facing forwards towards progress throughout. And now they're inviting us to see what crypto can be. Learn more at Kraken .com slash the breakdown. Disclaimer, not investment advice. Crypto trading involves risk of loss. Cryptocurrency services are provided to U .S. and U .S. territory customers by Payword Ventures Inc., PVI, DBA, Kraken. The cross was led by Assistant U .S. Attorney Danielle Sassoon, and she began the prosecution's cross -examination by establishing that Sam held majority ownership over both FTX and Sam was involved in Alameda's trading by 2022. He responded, depends on how you define trading. He added that, I would say I was not involved for the most part. I would not say I was not involved in any way at all. Now of course, the line of questioning was designed to trap Sam in a lie, which would be a running theme throughout the cross -examination. Sassoon presented evidence that Sam had told Caroline and Sam Tribuco, then co -CEOs for Alameda, to purchase OXI and MAPS tokens. Sam had written to them, guessing we should top longer one to two million of each over the next day or two. Sam rejected this position, claiming this was not a direction to trade. From there, however, Sassoon did get Sam to admit that he had directed Alameda to buy Japanese government bonds and place hedges, which Sam agreed was a form of trading. Sassoon then moved on to Sam's press tour. Sam agreed that he had tried to speak truthfully and precisely about the collapse of FTX. The vast bulk of Sam's answers were simply responding yes or no to the prosecutor. His lawyers had no doubt warned him to keep his answers brief to avoid a repeat of last Thursday's disastrous cross -examination. That was of course when Sam had testified without the jury present and continuously gave lengthy answers which provided additional fuel to the prosecution. Sam agreed that he had tried to be careful about what he said in public and had even cleared some of his comments with his public relations team. It was at this stage that Sam's recollection began to fail him and he became unable to recall what he said during various interviews, which would again be another theme of the cross -examination. Specifically, Sassoon turned to a Twitter Spaces held during Sam's media tour and asked Sam whether he had said that he was not involved with Alameda's trading and had not been for years at that point. Sassoon proposed to play a recording of the Twitter Spaces for the court to hear and to aid with Sam's suddenly faulty memory. The defense objected, claiming that the two sides had previously had a gentlemanly agreement to share exhibits to be used in cross -examination the night before. Sassoon said that the defense had not asked for these exhibits and there was nothing in court rules preventing her from playing the recording. The tape was played with Sam of course stating that he was not involved with Alameda's trading. Sassoon offered another exhibit showing that Sam had made public statements that he had stepped away from involvement in Alameda's trading due to conflicts of interest. In an article published by the Financial Times last December, Sam had said that this was quote, related to his role as guardian of customer assets. Sam of course could not recall making these statements. Sassoon moved on to statements about how Sam had pitched FTX. Sam acknowledged that he had promoted FTX to investors on the basis that its automated liquidation protocol set it apart from other exchanges. Sassoon questioned Sam about statements he made to Congress, describing FTX as a safe crypto exchange. Sam acknowledged general statements of that nature but said he could not recall specifically. After establishing that Sam communicated with potential customers using his Twitter account, Sassoon asked Sam if he made representations about how customer assets would be treated on FTX. Sam agreed with the premise but again couldn't recall specifics. She asked whether Sam had promoted FTX as a safe exchange. He responded that this might have been the case with FTX US but he wasn't sure about FTX International. When asked whether he acted like he cared about consumer protection, Sam responded, I think I did care about them, yes. Coming to the point, Sassoon asked Sam whether he made public statements that FTX was a safe platform. He responded, I remember things around specific parts of the FTX platform that were related to that. I don't remember a general statement to that effect. I am not sure there wasn't one. Of course, the prosecution had an exhibit to clarify Sam's memory. They presented a tweet from August 2021 which stated, As always, our users' funds and safety comes first. Putting an even finer point on the issue, Sassoon presented a tweet from October 2022 in which Sam had described the crypto ethos as economic freedom, the freedom to own your own assets. Sassoon managed to get Sam to acknowledge that when he made that tweet, he knew Alameda was carrying an $8 billion liability to FTX. Now what you see here is the pattern of what the prosecutor was trying to do. She's trying to catch Sam in lies that are relevant in the specifics but also relevant in the fact that he's just lying. Prosecution moved on to Sam's testimony in front of Congress. Sam admitted that he had filed a document which laid out FTX's key principles for ensuring investor protections on digital asset platforms. This document included numerous opinions on how to protect crypto customers including the avoidance of conflicts of interest. Sam acknowledged that conflicts of interest are a quote potential problem. Sassoon turned to Sam's public support for regulation. She alleged that it was simply a marketing ploy and not an earnestly held position for Sam which he disagreed with. Sassoon put it to Sam that quote, Sam responded, To which of course the prosecution presented a text message conversation between Sam and Vox's Kelsey Piper which had occurred in early November. Kelsey had asked Sam whether his pro -regulation stance was just for PR reasons. Sam was made to read his response to the courtroom. Yeah, just PR. Fuck regulators. Now Sassoon noted that Sam had testified under oath before Congress that FTX's risk management program required customers to pledge collateral on the platform itself rather than holding collateral off platform. Sam agreed that he had given roughly that testimony. The prosecution presented an exhibit of Sam's congressional testimony which sparked a humorous misunderstanding. The defense said that they had no objection to the exhibit as long as it wasn't being presented for its truth but merely as evidence that Sam had said it. Sassoon, a little perplexed, noted that it was Sam's own statements. When asked by the judge how she was offering the document, Sassoon responded, Sassoon presented Sam with a marketing deck published by FTX which described how poorly futures exchanges are designed. The document stated that rival exchanges had quote, lost hundreds of millions of dollars of customer funds to clawbacks. When asked to read a bullet point on how FTX was solving those issues, Sam obstinately responded, This gets to another point that many who are in the courtroom reported, that Sam was acting throughout this testimony fairly petulantly. Whether that endears him to the jury or not I guess remains to be seen. Sam was asked a series of questions which required him to confirm that customers were not allowed to use outside collateral to trade on FTX. For example, he acknowledged that a customer could not pledge their house as collateral. Seeming as though she had sprung the trap, Sassoon asked if there were any customers aside from Alameda who were allowed to pledge outside collateral not held on FTX. Sam responded, He said that a firm called CryptoLotus had been allowed to do this and that FTX had considered allowing Three Arrows Capital to use outside collateral as well. This unexpected answer seemed to throw Sassoon off her tempo. She asked follow -up questions about how large CryptoLotus' account was and whether this special privilege was disclosed to the public. The prosecution was then handed a note from an FBI agent seated in the front row who had previously given testimony. Regaining her bearing, Sassoon asked whether Sam was friends with the head of CryptoLotus. He responded that he was not. However, finding the right question, Sassoon asked whether Sam had a personal relationship with anyone at CryptoLotus. Sam responded that he had been friends with a more junior employee at the firm. Now, this line of questioning was essentially the only weak point in the cross -examination where Sam ever so briefly had gained the upper hand. However, Sam still brought home the point, getting Sam to admit that Alameda and CryptoLotus stood alone as the only firms allowed to pledge collateral, not custody with FTX. Turning to Sam's public statements about Alameda special privileges, Sam had a vague recollection of stating that Alameda played by the same rules as other customers but denied saying they had no special privileges. He said that, When asked if he said that Alameda and FTX operated separately, Sam responded that Contrary to that, however, the prosecution presented an exhibit in which Sam stated that Sassoon put to Sam that this statement was general and not limited just to frontrunning. Sam responded, Now, if you're scratching your head, basically the point here is that Sam is trying to argue that every time he said that Alameda was just like everyone else, he was only referring to frontrunning and that Alameda didn't have special access to CFTX users' trades. From there, there were a couple instances of the prosecution trying to catch Sam in low -stakes evasion. For example, he was asked whether he flew to the Super Bowl on a private plane. Sam responded that he couldn't remember. Sassoon quipped, Sam responded, Now, one of the more revealing parts of the testimony, which gets back to what I was saying before about how Sam just treated everything and every entity he owned as all part of one big conglomerate, Sassoon began to ask questions about more specific spending from Alameda. She asked about a tranche of Robinhood shares purchased by Sam using 546 million borrowed from Alameda. The loans were originated in May 2022. Sassoon established that shortly after the purchase, Sam transferred the shares into a holding company owned by Sam and other FTX executives. After a bit of back and forth about the corporate structure of various entities involved in the deal, Sassoon landed the punch. She presented an affidavit showing that Sam had tried to transfer the Robinhood shares from the FTX state into his own name. Sassoon asked, that at that moment, FTX customers could not withdraw funds. Sam answered that he was, Towards the end of the long day, Sassoon moved back to June of 2022, when Alameda paid back loans from external lenders. She asked if Sam knew this would put FTX at risk, which he refused to admit. Trying again, she asked whether Sam knew there was, Again, Sam avoided responding, saying that he, Sassoon asked whether this meant that Sam knew there was some risk. He responded that, Seeing her opening, Sassoon moved in for the kill. She asked, Sam said, I don't think that's what happened, and I'm also not saying that's not margin trading. An exasperated judge demanded that Sam answer the question. When asked if his testimony was that paying back lenders was a margin trade, Sam said, In response to further questioning on whether repaying loans was a margin trade, Sam offered the response, Now, this was broadly how the cross -examination went across the grueling hearing. Sassoon would often pin Sam down to a position, and then present evidence of seemingly contradictory prior statements. In other lines of questioning, Sam would say that he couldn't recall pivotal tweets and interviews throughout the rise and fall of FTX, and Sassoon would then put those words in front of Sam and have him read them back for the jury, or play back interview segments which showed Sam as fleeting the world, given what we now know. Now when it comes to how he appeared, Sam seemed evasive at times. Throughout the cross -examination, he answered that he wasn't sure or couldn't recall nearly times. 150 Most catastrophically for his case, Sam also appeared to be misleading. He was caught over and over and over again in contradictory statements on both large and small topics. The prosecution was able to put direct evidence to him regarding misleading public statements, and he failed to come up with a single convincing explanation. In other words, the cross -examination appeared to go about as poorly as it possibly could have for Sam, which of course was largely in line with the predictions offered by legal commentators throughout the case. Basically, every lawyer that has spoken to the idea of Sam giving testimony has repeated the traditional wisdom that a defense attorney should never allow their client to take the witness stand and open themselves up to cross -examination. With this dissection of Sam's narrative, we got a practical demonstration of why that legal advice is always given. Sam was constantly bristling at the questioning. Multiple reporters who are familiar with Sam's character noted that in the past, Sam would often snap during this kind of tough questioning. During Twitter spaces or hostile interviews, he would often belittle anyone who questioned his motives or his actions. With that response unavailable to him, Sam was obviously simmering with rage at points but had to keep a lid on it. The question, of course, will be whether or not the jury got the same impression of Sam as the scores of crypto reporters who packed the courtroom, each of whom are far more likely at this point with Sam's nature than they care to be. The prosecution was not done with Sam by the end of the day. They expected to take another couple of hours this morning to cement the theory of the case they presented in the opening arguments. That FTX was an empire built on Sam's lies. That Sam had lied to counterparties, to banks, to investors, and to customers. And that through their cross -examination, they were going to put Sam's lies front and center for the jury to see. Teddy Schleifer, a reporter at Puck News, summed it up this way. I feel like the big thing that Sassoon has really gone at is this idea of truth. That Sam is lying. All morning it's been, here's an interview you gave to a reporter. Here's something you said to Congress. Here's something you said on Twitter, to customers. It really makes me think back to the opening statement. How they're really going to make him out to be a liar. What's more, Teddy continued. Sam has not mounted a credible defense to date. The entire defense case is basically Sam. If you're a juror and you're trying to sit there asking what is the reason I have to vote to acquit, I don't know what you're looking at. You're basically believing that this character is more credible than the preponderance of documentary evidence and Caroline, Nishad, and Gary. I don't think Sam has given that juror a reason to acquit. Now Carly Riley, the host of Overpriced JPEGs, put it a little bit more bluntly. She said, incredibly semantic and pedantic for sure, but also like an asshole. One person said to me, So friends, that is the wrap of yesterday's testimony. I'm sure we will do a little conclusion tomorrow on the end of the cross -examination. From there, we will be on to the final witnesses for the defense, closing arguments, and then jury deliberations. But for now, we will wrap there, and I will say, until tomorrow, be safe and take care of each other.
The Bitboy Crypto Podcast
A highlight from $1.96 Billion Crypto Powerhouse! (What You Need To Know About Compound)
"Listen up, folks. I need you to stop saying yes to crappy 0 .1 % interest your bank offers because, frankly, they're making billions and robbing you blind. And that's why I'm here to tell you about Compound Finance and its native token comp and how it could be the best way to make your money work for you. But be careful. This video may make you never want to use a bank ever again. It's time to discover crypto. Compound is a permissionless and decentralized finance protocol that was founded by Robert Leshner and Jeff Hayes back in August of 2017. And about a year later, the Compound protocol launched on the Ethereum blockchain. It started out with $25 million raised in a seed round in 2018 and $8 .2 million worth of venture funding that was raised at the end of 2019. Compound has notable investors like Bain Capital, Coinbase, Dragonfly Capital, Polychain Capital, A16Z and Paradigm. Then, in the midst of global lockdowns, Compound ICOed in June 2020. ICO means Initial Coin Offering, which is similar to an IPO in TradFi land. Initially, 42 % of the tokens were allocated to liquidity mining, about 24 % to shareholders, 22 % to the founders and team, and then 7 .7 % to the community and 3 .7 % to future team members. Within 5 days of the ICO, the price of Comp jumped to over $300. And at the height of the last bull run of 2021, one Comp was worth over $900 USD. Comp has a total supply of $10 million and its circulating supply has reached almost $7 million. Comp is inflationary and with a little over 1 ,200 Comp emitted per day, Comp is estimated to reach its maximum cap around July 2024. These emissions are distributed to the protocol users, half going to suppliers of the assets and the other half to the borrowers. Other than holding Comp as an investment vehicle, you can also use it for governance, submitting and voting on proposals. Okay, so let's talk a bit more about what the protocol actually does. But before we do, make sure you like this video, subscribe to the channel if you haven't already. Compound creates money market funds in the crypto space, pulling tokens from users with algorithmically determined interest rates based on the supply and demand for the tokens. So if a lot of people want to borrow USDC, but not a lot of people are lending, the interest rate goes up and vice versa. Compound uses smart contracts, which are autonomous decentralized digital contracts that automatically execute tasks once a certain requirement is met. Compound smart contracts allow peer to peer borrowing and lending directly without a centralized intermediary like a bank or the mob. But who am I kidding? They're basically the same thing. When you lend an asset on Compound, you receive a new asset representing what you're lending. For example, if you lent USDC, you'll receive CUSDC in return. You can supply tokens through the protocol and earn a return as well as take out a loan. And Compound covers its expenses by taking a small percentage of the interest earned. Compound was also one of the first platforms to introduce yield farming, which means users lock up their tokens to earn rewards. But you may be thinking, wait, didn't a ton of lending platform just go into bankruptcy? Looking at you, Celsius and BlockFi, why is Compound better? Well, remember, those other companies were centralized entities, not to mention their loans were under collateralized and the management of those companies made really bad investment decisions with their users funds. The collapse of these companies actually leaves Compound in a rosy light because it shows exactly how much collateral protocols need to demand to provide sustainable loans. With a decentralized platform, the community votes on the direction of the protocol. So there's less opportunity for the greed and recklessness of the few to completely wreck the life savings of the many. But remember, I'm not recommending you put your life savings into any one platform. In fact, I'm not recommending anything. This isn't financial advice, and you always have to do your own research and practice proper risk management. There's no way to earn yield on crypto that is 100 % safe. But Compound has almost $2 billion total value locked with $2 .34 billion of collateral that's backing $889 million worth of borrowing. That's about 1 .5 times the amount of the loans that Compound has given out, which means the platform will be able to weather the ups and downs of the bear and bull markets. And funnily enough, BlockFi, Celsius, and Compound were all founded in 2017, and yet Compound is the only one who made it out of the dark depths of the 2022 bear market, alive and kicking. Plus, Compound doesn't require KYC or identity verification, so you can borrow or earn interest without giving away your priceless personal information to an entity that could really do anything it wants with your data. But another reason we think Compound is worth talking about is that it's been vigorously audited and verified in comparison to the other decentralized lending platforms, which means Compound is attempting to make your assets as secure as possible. And Compound is so concerned about security that it takes every opportunity to learn from the mistakes of other protocols. Back in October 2022, Compound paused the supply of YFI, ZRX, BAT, and Maker to protect against market manipulation attacks after a Comp governance proposal called out the low liquidity for these tokens and potential vulnerabilities for the platform. And after Ave experienced an exploit attempt back in the fall of 2022, Compound passed a proposal that imposed loan limits and introduced borrowing caps for certain coins in an attempt to lower risk. This brings me back to how important the open source decentralized governance is for the safety of Compound. The community has the platform and the user's best interest in mind and work together to protect them. Compound has been quietly building over the past year in anticipation of the forthcoming bull run. In May 2023, Compound announced it would now be available on Arbitrum, which is the largest layer two scaling solution in terms of total value locked. For now, you can only use ARB, GMX, Wrapped ETH, and Wrapped Bitcoin to borrow USDC, which is another tip by Compound to manage risk on its platform. And if that wasn't enough hype for you, Compound also recently launched a mechanism called Encomber, which allows users to retain ownership of their tokens while granting other users the right to transfer their tokens. This is a huge milestone for the platform because it provides a ton of potential use cases. Obviously, this assists the current lending markets because users can encumber their tokens as collateral to lending markets, allowing them to maintain custody. This also creates an opportunity for trading where a user could encumber their tokens to a logic contract that has the option to buy the tokens at a certain price. And if that price isn't met or the contract expires, the tokens never leave the seller's account. But I know there are countless potential use cases for this technology, and I'm excited to see where it goes. The other big piece of Compound news is that the founder resigned over the summer. You think that would make investors nervous, but funnily enough, it had the opposite effect. The price of Comp skyrocketed from a low in June around $26 to a high in July of almost $80. That's almost a 3X during the bear market, folks. Robert Leshner, who you'll remember as one of the Compound founders, resigned as CEO to focus on his new business venture, Superstate Trust, which is a fund focusing on short -term government bonds, government agency securities and other government -backed instruments. Leshner had already raised $4 million from a variety of DeFi investors when he made this announcement. And the coolest part about Superstate is that it plans to use Ethereum blockchain as a secondary record -keeping tool. This seems to mean that the shares in the fund will be recorded on ETH. Leshner wrote, This statement implied that Superstate shares might eventually be available on Chain, causing rumors to run rampant that Comp holders might receive an airdrop of Superstate tokens. If you want to pick up some Comp, you can get it on various centralized exchanges like Binance, Coinbase and Kraken, or you can check out decentralized options like Uniswap or SushiSwap. I think Comp is a sleeping giant that will crush the next bull run. But I'd love to hear what you think. Are you an investor in Comp? Do you think you'll go back to its all -time high in the next bull run? Or will it soar past to the moon? Leave a comment below and tell me what you think. And I'll see you at the top.
Crypto Critics' Corner
A highlight from Sam Bankman-Fried asked FTX's lawyer to explain away stolen funds (feat. Danny Nelson)
"Welcome back everyone, I am Cas PNC. I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty well. How are you, Cas? I'm doing good. We're joined by a very special guest, Mr. Danny Nelson, reporter for Coindesk. First time guest. It's a pleasure to have you on today, man. How are you? I'm doing well. Great to be here. Danny has been at the courtroom for the SPF trial along with his compatriots, Nick Day, who we had on last week, and Sam Kessler, who we're hoping to have on at some point as well. But yeah, Danny, I would love to hear some of your insights. I know you weren't there for the first day with Nishad, but we can still go over it. We all read the summaries and you have other friends in the courtroom. So yeah, what was the takeaway from Nishad Singh? For Nishad, I mean, he was of course one of the three insiders, one of four insiders along with Sam who really knew what was going on inside FTX, which is to say knew that everything wasn't what it seemed to be. He was on the FTX side of things and the testimony that he brought to the courtroom really had this, from what I heard from my colleagues, this cinematic flair. He was really talented in coloring the scene, like talking about the discussion when everything went to shit. It wasn't just a discussion. It was at night on a balcony. People were talking it through and that kind of stuff makes for really compelling testimony. All those elements started to fall away on day two of his testimony during cross -examination when the defense attorneys, they didn't really discredit him, but they started to poke holes in this picture that he was painting of a guy who maybe sort of knew what was going on, but really felt morally torn by it. I mean, on one hand, he's saying, well, I learned in, let's say early fall, late summer 2022, that there was this hole in that we were using customer funds, but oh, by the way, in October 2022, I used a loan that I took from Alameda FTX to buy a house in Washington state. It was $3 .7 million. So it was like, well, which is it, buddy? Do you feel bad that you're stealing customer money or are you looking forward to your house? Which by the way, we looked into it, has a hot tub. Not that hot tub is any more or less nefarious, but it is actually, I looked at it as it is more nefarious usually. So your point here is that they were discrediting him by him pretending he has empathy and sympathy and cares while his actions were perceived differently? It's little pieces, right? And I mean, I have to say, I'm starting to really think Sam did it. I'm just kidding there. Of course he did it allegedly, but I'm there for the entertainment and for the information and I find myself rooting for the defense. Like the case is pretty cut and dry. I think he's going to get convicted. I still want the defense to put up a good fight. I want them to throw some good punches because it's much more interesting that way. And otherwise you're just sitting in a courtroom all day and you see you want there to, you don't want just the prosecution to be doing well because they are doing well. So the defense, the strategy that they're taking during their cross examinations is just, how do we chip away at people's credibility? Which is a cornerstone of being a good defense lawyer. And for Nishad, one of the ways they were doing that and something they've tried with all of the witnesses is taking statements that the witnesses made to prosecutors in their extensive interviews pre -trial and bringing them up and seeing if their memories match. And for most of the witnesses, the major ones anyway, their memories match up pretty good. For Nishad, there were a whole bunch of moments where he wasn't quite remembering the very specific jarring things he had been telling prosecutors months before. Now that doesn't mean that everything he says is bull. It does, I think, serve the purpose of making the jury think, well, maybe this guy who really had a wonderful, very clear of mind story to tell about how everything went down, well, he remembers it was night on the balcony and like, I don't know, there was a big dipper up or something. He didn't say that part, but it would have been a nice little flare. He remembers all those things really well, but he can't remember this other thing he told prosecutors. So little bits like that made me think, and I think made other people in the courtroom too also think, this guy might be a little too polished in some areas. I have open on my computer right now, an article that you co -wrote with Nick and Sam about this period of the trial where we see kind of the cross examination. And I thought some of the things you highlighted that came up in that cross were particularly funny. Like at one point they were discussing the penthouse apartment at the orchid that they were living in. And apparently what the defense attorney tried to ask was, was this penthouse really that extraordinary for you all? I mean, you were all rich, right? So shouldn't you live in a penthouse? Which I thought was an interesting little detail when you consider the nature and source of their wealth. Did you have thoughts on that particular moment? Before I get to Deshad's response, I will go back to Yedidiah out of Yedidiah. He worked at FTX. I don't think he knew of things going the way they went until they went to shit, which is I don't think he knowingly committed crimes, unlike some of the people that are appearing in the courtroom. Yedidiah was asked to compare the co -living $30 million apartment to a dorm room. He was like, it was just like a dorm room, but more luxurious, which was quite a telling line for Neshad. I mean, I think it's kind of a fair point, like the, oh, we actually use our customer funds to buy this thing. Notwithstanding if you think you have a billion dollars, you probably shouldn't be living in a like ranch home. Now Warren Buffett still lives at a ranch home. So maybe that's not true, but most of the billionaires don't. They live in big, big, big places. His response, which was basically, I don't know billionaires. I don't really know what's right and what's wrong. I don't know. I don't know about that. Cause he also lives in, by his words, the nicest room in the house. So he just got a lot of mixed messaging from that guy. Well, and at a fundamental level, in a very real sense, none of them were billionaires. I mean, they were on a certain sense in paper that that all depended on a certain fiction being maintained. Exactly that they, even if the money wasn't stolen, they were at best paper billionaires. They did not have the liquid capital. And of course there weren't even actual billionaires in that respect because it wasn't their money. I guess this was the first time anyone has seen the defense kind of wake up. I've been mentioning Liz a lot. She wrote an article entitled, Sam Bankman -Fried's defense finally woke up in The Verge and seemed like even Joe Bankman and Barbara Fried seemed to kind of agree or like at least their outward emotions were that they were pleased with this cross -examination. But the week didn't end with Nishad Singh, right? I mean, we had more witnesses after this. Can you clue me into some of the other witnesses? Probably the best witness of the week was the expert witness, Peter Easton. He is an accounting professor at Notre Dame. He's served as an editor of many of the top accounting journals. I'm going to have to take his word for it because I don't read the accounting journals. And he came out guns blazing with really, really telling charts that illustrated where the money was coming from. Let's say we have the customer funds and the way that we now understand FTX to have been set up was if you wanted to get your money into FTX, your cash, like your dollars, you wired those dollars to a bank account called North Dimension or some smaller accounts, but mostly North Dimension. And they were controlled, the beneficiary of Alameda. And then once your money's in there, you have access on the FTX side to use that money. But the money never actually always completed the transfer from North Dimension to FTX. Instead, they just did some really bad bookkeeping. And the results of this setup was they could then take the money out of those bank accounts and move them, move that money into all the other different things that they were really spending the money on, like real estate, political donations, the charities, like Gardner Capital, specifically half a billion dollars to Anthropic. I don't even remember what point of the trial this was, but there was this whole argument in court about, well, look, they made this bet on Anthropic and it did well. And so he was using the money responsibly. But then Judge Kaplan said, look, if I robbed the Federal Reserve and I take a million dollars and I buy a lot of Powerball tickets and one of them hits, well, I still robbed the bank. You can't say, well, everyone got their money back because the stolen money was used in a way that made more money. No, that's not valid. So, yes, they did. They did. They got lucky with their ill -gotten gains on Anthropic.
The Breakdown
A highlight from Why Bitcoin Just Flash Crashed
"Bingo, bango, bongo. To me, that is the real story. The utter lack of liquidity, a growing amount of leverage, peak market boredom, and this is just the type of stuff that happens sometimes. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, August 18th, and today we are talking about the massive crypto crash. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to get deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy Friday. Yesterday, I shared a meme with my wife. It was a tweet that read, hi, I have a question about toddlers, and my question is what the f***. Now, we are doing a little end of summer trip with the four and the two -year -old before the four -year -old heads off to kindergarten, so it struck the old funny bone. It was also exactly how I felt when I checked the markets yesterday after about three hours of being away from my phone to discover that they had completely nuked. So, friends, now you get to play catch up alongside me because I have a question about markets and my question is what the f***. This week's price action began much the same as it has throughout the past month. Bitcoin was painfully range -bound with basically zero volatility and muted volume. In fact, since the last week of July, Bitcoin has been stuck between 29 ,000 and 30 ,000, spending only a few hours marginally outside of that range. On Wednesday night, price began trending down, drifting below 29 ,000. Bitcoin hit 28 ,000 just before midday on Thursday, a move that would have been significant by itself. In fact, Bitcoin lost 4 % over the course of Thursday morning, including a 1 .6 % drawdown in one hour at 11 a .m. This was the lowest level that Bitcoin had traded at since the bullish catalyst of the BlackRock ETF application in early June. Then, at around 5 .40 p .m., Bitcoin flash -crashed. In less than 10 minutes, the price plummeted by more than 9%. Bitcoin hit 25 ,000 on Binance and plunged slightly lower on Bitfinex. Overall, over the course of two days, Bitcoin lost a pretty serious 14 % before finding a bottom. This made it the largest 48 -hour drawdown since the FTX collapse last November. Ethereum fared no better, recording a 15 % drop from its previous 1 ,850 level to hit $1 ,550 on Binance. Prices for both assets did recover marginally into the evening, with Bitcoin recovering to around 26 ,500 and Ethereum changing hands at 1 ,680. The level again decayed overnight, speaking to a continuing lack of confidence. As you guys know, whenever we look at price action, there is always some highly indiscernible combination of narrative catalyst, plus post -hoc narrative rationalization, plus news event catalyst, plus conversation, with usually a big dose of market structure thrown in. And so, as we look into what, quote -unquote, caused this, let's keep all of those caveats in mind. Let's start, however, with market structure. Yesterday, Czech Beatty from Glassnode wrote, newsletter released two weeks ago, quote, Bitcoin options markets have priced the lowest implied volatility in history, with put options in particular seeing the lightest demand. Given the context of Bitcoin's infamous volatility, is a new era of Bitcoin price stability upon us, or is volatility mispriced? Narrator, it turns out, volatility was mispriced. Maybe a little bit more crisply on market structure, Byzantine General wrote, holy motherfucking shit, we just had the biggest liquidation day since the FTX blow up. So, according to CoinGlass data, positions worth over a billion dollars were liquidated on Thursday across all major assets. Bitcoin traders alone came just shy of recording 500 million dollars in liquidations, and more than 90 % of them were on the long side during the price collapse. All told, Thursday was the largest single day of liquidation since June of last year. OKX saw the largest portion of liquidations among exchanges, recording over 30 % of the leverage wipeout. Indeed, some suggest there were individual concentrated positions being targeted on the Asia -focused exchange. Fiki Taut wrote, after studying a bit, I think someone got hunted on OKX. All the OI was building disproportionately on majors on OKX over the past few days, and perps on OKX wicked the lowest out of all the major exchanges. Now, open interest had been slowly ramping for weeks as volatility remained low. That means that more traders were piling into leveraged positions during the summer doldrums. The most recent commitment of the traders report showed a short bias among institutions. The report digests position data from the last week among hedge funds and commodity trading advisors, and showed that bearish bets had been increasing in the CME -listed Bitcoin futures market, with two -thirds of market participants positioned short. But the question is, of course, was that all there was to it? Was this just an example of market structure running rampant? Specifically, is there a possible macro interpretation? What's certainly true is that crypto markets weren't the only ones to see turmoil on Thursday. During the day, global bond yields continued to rise with multiple tenors reaching long -term highs. The US 30 -year bond reached its highest point since 2011, hitting an implied yield of 4 .42%. The US 10 -year yield moved above 4 .3%, matching its October 2022 peak, which hadn't been seen since 2007. UK and German yields have also accelerated this week. Also on Wednesday, the Federal Reserve had released its minutes from the July FOMC meeting. While the July rate decision was an entirely expected 25 -basis point hike, there was remaining speculation around how hawkish the committee was on the need for extremely noncommittal in the post -meeting press conference, saying little other than repeating a commitment to data dependency. The meeting minutes, however, confirmed that officials were concerned that the inflation fight could be far from over, stating that there was a potential need for higher rates. Coupled that with a recent resurgence in the housing market and continued resilience in the labor market were cited as risk factors that could drive inflation higher. The most recent projections from the Atlanta Fed have shown GDP on track to increase by 5 .8 % in Q3, which is of course much too hot to be consistent with cooling inflation if growth continues at this pace. Given that, markets are now pricing in a much higher chance of an additional rate hike later this year, although the majority of positioning is still betting that the Fed is done with this hiking cycle. Capturing a lot of the sentiment I saw yesterday, Frog Capital wrote, The Fed minutes are kind of terrifying. The clowns admit that they are hurting businesses and low -income families in particular, but hiked anyway. Then, they want the big banks to quote, establish readiness to use Federal Reserve liquidity facilities. They're prepping for disaster. On the back of this fairly hawkish set of Fed minutes and another leg higher for long -term yields, both major U .S. stock indices fell yesterday afternoon. The Nasdaq declined by 1 .17 % for the day, while the S &P 500 lost 0 .77 % on its second consecutive red day. Lewis Harland of Decentral Park Capital said, U .S. interest rates are rising to multi -year highs. This is bearish risk assets in general. If this sell -off in bonds continues, we could see negative price action in risk assets into the weekend. Noelle Acheson also put this in the context of the Bitcoin and crypto markets. She wrote, Okay, so we've discussed market structure, we've discussed macro, but what about news explanations? Candidly, usually this factor isn't really a factor. But in this case, it feels at least a little more plausible. There were at least two major news events that splashed across screens just as the market began to crash, both of which could reasonably be expected to impact Bitcoin and broader crypto markets in one direction or another. The first was the Wall Street Journal published an article entitled, A Rare Look into the Finances of Elon Musk's Secretive SpaceX. The headline was picked up by news aggregators as, Elon Musk's SpaceX sold all of its $373 million worth of Bitcoin. Now, of course, reading that, it's pretty easy to understand why that headline might have caused rapid selling from bots. Turns out, however, that the rereported headline was pretty misleading. What the article actually explained was that SpaceX had, quote, wrote down the value of Bitcoin it owns by a total of $373 million last year and in 2021, and has sold the cryptocurrency. In fact, the status of SpaceX Bitcoin holdings were not the main focus of the article, and that single sentence on them is ambiguous at best. It could mean that SpaceX has sold all of its Bitcoin at some point over the last few years, or that it had sold a portion like its sister company, Tesla. What it definitely didn't mean was that SpaceX had recently dumped $373 million worth of Bitcoin onto the market, which is, of course, how the Twitter news aggregators had made it seem. The $373 million referred to the balance sheet write down, rather than the amount of actual selling. Now, the second major news item that broke as the market collapsed was that Chinese property giant Evergrande Group had filed for bankruptcy in New York. Now, this news is not in itself particularly surprising. Just go listen to yesterday's episode about a primer on the Chinese economy. Indeed, this bankruptcy filing is simply to ensure that restructuring efforts that are already ongoing in multiple jurisdictions are recognized in the US. Evergrande had first defaulted on its corporate bonds back in December 2021 and announced an offshore debt restructuring program in March of this year. Trading of Evergrande shares have been suspended for almost 18 months. Still, the headline that a major Chinese property firm was filing for bankruptcy was likely enough to push news trading algorithms to sell off, even if the underlying news is something of a nothingburger. There are also a number of accounts trying to equate Evergrande once again with Tether, but I can't imagine that that had a meaningful impact on price action. And since that's the subject of the show, we will just move on. Interestingly, then, there was a flip based on another news event. Shortly after the price plunge, Bloomberg published an article entitled SEC set to greenlight Ether futures ETFs and win for crypto industry. So what's going on is that over the past few weeks, the SEC has seen a deluge of applications for ETH futures ETFs from almost a dozen fund managers. Until now, the SEC has always prematurely asked for applications to be withdrawn without consideration, so the fact that applications are still ongoing is a majorly optimistic sign. The big concern had always been that ETH futures were an underdeveloped market that couldn't support an ETF, but that market is now as large as the Bitcoin futures market was when those ETFs were approved in late 2021. The article itself updated the story with anonymously sourced comments, which claimed the SEC is unlikely to block the ETFs from launch. They suggest the products could begin trading by October. While this was broadly the position of ETF analysts already, the news was a clear bullish catalyst for ETH. The collapsed price was entirely filled in on the news, rising back up to $1 ,700.
On The Rekord
"october 2022" Discussed on On The Rekord
"Okay, OJ. All right, man. So, I am Walt. All right, all right. Give them people your story. Okay, got a couple of stories. But let me get to the first one. Yep. The first one is, involves Mrs. Dionne Warwick. Oh, here we go. Mrs. Dionne Warwick. Yep, the legendary, iconic Mrs. Dionne Warwick. Auntie. Auntie. Okay, so, Ms. Dionne Warwick, who once referred to herself as the CEO of Twitter. The living legend has decided to part ways with Twitter because of all the chaos circulating around the social media platform. I thought it was Elon Musk was the CEO and the owner. So, I mean, I mean, two things could be true. She was more so like, I guess, she had like a honorary position. But let me get into all that. Do your thing. It made 2023 when news broke that Tesla owner, Elon Musk, would be stepping down from his role as CEO of Twitter, appointing someone else. Warwick offered her talents for the job. Her self-appointed Twitter role, she said, quote, I'm excited to officially take on the role as CEO of Twitter. That's what friends are for, Lacuna previously tweeted. This was in the works for months. ABC News, ABC broke the news via Twitter and plans of Elon Musk to step down from the world within weeks. The entrepreneur says this was dated May 11th, 2023 at 5.57 p.m. This was on the source that I got it from. This next part is from AfroTech. Shout out to AfroTech.com. AfroTech had reported Elon Musk stepping in as the CEO of Twitter in October 2022. Shortly after his AfroTech announcement, Elon Musk said that he was going to step down from his role as CEO of Twitter. The acquisition of the platform for forty four billion dollars, the overpaid, however, it was later revealed that the billionaire had no intention of staying in the position for the long haul. Quote, I will resign as CEO as soon as I find someone foolish enough to take the job. He joked in December 2022 and posted on Twitter. After that, I will adjust, I will just run the software and servers team.
WTOP
"october 2022" Discussed on WTOP
"Broil south florida with ocean temperatures also releasing you get in the water and it's like just going extremely from hot hot to so hotter it's like the relentless heat has been roasting the southwest for weeks shana runs building resilience a behavioral health center in phoenix that has been designated as a cooling center we're available all day and if we can help get some people out of the element that's definitely what we'd like to do heat's but the now spreading into parts of the midwest and east coast strike averted at ups here cbs's cammy mccormick ups says it's reached a contract agreement with its three hundred forty thousand -person union and the union calls the deal historic and overwhelmingly lucrative the terms include safety issues and equipping more trucks with air conditioning and other equipment higher wages and benefits UPS official calls it a win -win -win agreement a former marine who was part of a prisoner swap with russia last year is now getting treated at a hospital in germany after getting hurt while fighting russian forces in ukraine state department spokesman vidant patel i want to be explicitly clear about something mr reid was not engaged in any activities on behalf of the u .s. government the u .s. has warned people not to go on their own to ukraine for combat president by design a proclamation today establishing a national monument in honor of emmett till whose death held the civil rights movement telling the truth in the full history of our nation it's important, it's important to our children, our grandchildren, our great grandchildren, as a whole. the monument will span two states illinois and mississippi where till was brutally murdered in 1955 the president's dog is in playing very nice with the secret service commander bid officers 10 times between october 2022 and last january a spokesman for the biten family says the president and first lady are getting the dog trained mister biten's previous dog also a german was sent to live with the president's friends in delaware after biting secret service officers and white house staff at cbs's christopher cruise officials say the white house is a uniquely stressful environment for pets and supports pouring in for lebron james son brawny who's now in stable condition after going into cardiac arrest during practice at usc yesterday demar hamlin who went through it earlier this year tweeted his prayers this is cbs news find great hires fast with indeed their hiring end to solution end that makes it easy to attract interview and hire candidates all in the same place flash credit 503 on wtop on this july 25th 83 we've had some rain we've warmed up to 90 in dc
Live From Studio 6B
"october 2022" Discussed on Live From Studio 6B
"To the point of what we saw yesterday with all these whistleblower disclosures dropped. Here it is. My other question, yesterday whistleblower testimony came out from an IRS supervisory special agent, current supervisory special agent who insists he was in a meeting with US Attorney David Weiss, who in October 2022 claimed in front of multiple people that he was told not to pursue the Hunter Biden investigation, not to bring charges in 2022. You said previously you've stayed out of the Hunter Biden investigation. It's been on David Weiss to figure that out. Can you once and for all shed a little light? There seems to be a little confusion on what's going on here. I'd be happy to. As I said at the outset, Mr. Weiss, who was appointed by President Trump as the US Attorney in Delaware and assigned this matter during the previous administration, would be permitted to continue his investigation and to make a decision to prosecute any way in which he wanted to and in any district in which he wanted to. Mr. Weiss has since sent a letter to the House Judiciary Committee confirming that he had that authority. I don't know how it would be possible for anybody to block him from bringing a prosecution, given that he has this authority. And he was never told no. I'm saying he was given complete authority to make all decisions on his own. Let me play that last part again. A prosecution, given that he has this authority. Question? And he was never told no. Non -answer. I'm saying he was given complete authority to make all decisions on his own. That's not an answer. That's not the answer. That is not the answer to that question. And of course, we all know he was. So you know, I mean, this again, this is not calculus. We all read the transcript yesterday. John Solomon today. The top 10 bombshells from the IRS whistleblower testimony. Number one, prosecutors resisted IRS efforts to ramp up the investigation before the election. Number two, DOJ repeatedly squashed search warrants. Number three, Shapley and his team never managed to interview Hunter Biden nor any other Biden. Number four, prosecutors limited
77WABC Radio
"october 2022" Discussed on 77WABC Radio
"On the campaign, which is in itself an exhausting, very consuming process. No, I could never imagine. I know I would never advise that, especially when he's not anything done wrong. You take a plea deal to make something go away. That's an admission of guilt. Make guilt because there was nothing wrong with declassifying documents, taking documents with you negotiating with NARA. The only thing that was wrong was... And by the way, that gets into a whole other issue, which I've discussed the in past, the declassification of documents. Even the American Bar Association in a piece in October 2022, and that is a left -wing so -called professional organization. I resigned from it a long time ago. Even the ABA said, for them, this is an ambiguous area, whether Trump did or did not declassify. You don't indict somebody to test out a legal theory, particularly a former president who's the leading candidate to run against the current thugs in the DOJ and the President of the United States. You don't indict somebody because you think it can transition easily from the Presidential Records Act to the Espionage Act, down square with each other. You don't indict somebody on matter a of first impression, regardless of what says. Trump
Mark Levin
Alina Habba: Trump Would Never Admit Guilt, Take a Plea Deal
"On the campaign, which is in itself an exhausting, very consuming process. No, I could never imagine. I know I would never advise that, especially when he's not anything done wrong. You take a plea deal to make something go away. That's an admission of guilt. Make guilt because there was nothing wrong with declassifying documents, taking documents with you negotiating with NARA. The only thing that was wrong was... And by the way, that gets into a whole other issue, which I've discussed the in past, the declassification of documents. Even the American Bar Association in a piece in October 2022, and that is a left -wing so -called professional organization. I resigned from it a long time ago. Even the ABA said, for them, this is an ambiguous area, whether Trump did or did not declassify. You don't indict somebody to test out a legal theory, particularly a former president who's the leading candidate to run against the current thugs in the DOJ and the President of the United States. You don't indict somebody because you think it can transition easily from the Presidential Records Act to the Espionage Act, down square with each other. You don't indict somebody on matter a of first impression, regardless of what says. Trump
AP News Radio
Russia orders arrest of prominent producer, director who criticized Ukraine war
"A Moscow court has ordered the arrests of prominent filmmaker Alexander Rodney and theater director Ivan fyre, for spreading false information about the Russian army. The initial court hearings against Rodney and thyroid were held on April 27th, but not reported by the court until this week, according to the court's press service, the two men who are outside Russia will be placed in custody once Russian authorities managed to detain them or get them extradited. Keith born Rodney left Russia after the start of the country's full scale invasion of Ukraine in February 2022 and has repeatedly spoken openly against the war in October 2022, Russia's justice ministry declared rough landscape of foreign agent. I'm Charles De Ledesma
Northwest Newsradio
"october 2022" Discussed on Northwest Newsradio
"Nearly 6 years, writes in a new court filing, Woods decided to pursue a sexual relationship with his employee. Then, according to him, forced her to sign an NDA about it or else be fired from her job. This case is yet another cautionary tale about when that boundary between a professional relationship and a romantic or sexual relationship, consensual or not, there have been laws past recently that would say those types of clauses in agreements are not enforceable. Herman, not only says she didn't sign the NDA and wants avoided, but is also seeking $30 million in damages. The two met in 2015 began dating in 2017 and were first publicly seen together in 2018 at the president's cup. During their time together, the two photographed at multiple high profile events. She was also with him during his recovery after that car crash in 2021. Hermit now claiming wood's pressured her to quit her job to focus on him and his children. She lived with him in his Jupiter island home until October 2022. At that point, the court papers detail a scheme would create it, telling Herman the two were taking a weekend trip to The Bahamas, but at the airport she claims a lawyer repping Woods said she would never see mister Woods again, had been locked out of the house and could not return, she would not even be able to see the children or her pets again. Herman saying she was asked to sign another NDA, which she refused. Woods is attorney responding to a previous filing saying Herman is a jilted ex-girlfriend who wants to publicly litigate specious claims in court rather than honor her commitment to arbitrate disputes in a confidential
Northwest Newsradio
"october 2022" Discussed on Northwest Newsradio
"Check in with Bill Schwartz for the Beacon plumbing sports update, road teams faring pretty well in this Stanley Cup playoffs. Four hockey games tonight and all of the home teams are down love one Pacific division champ Vegas tries to get even against Winnipeg defending champion Colorado. You would think takes wild card Seattle seriously after an opening three to one loss in Denver. Kraken defenseman Adam Larsson expects to get the abs best shot tonight. We just have to take it. Game by game. You're going to have ups and downs. We're playing the shams from last year, so we're still probably erased our level today and so we saw our should be a good match. The puck dropped shortly after 6 30. NBA's defending champ Golden State Warriors dropped both games in Sacramento tonight. They're without all star forward draymond green. Suspended for stomping on the chest of kings and former Gonzaga big guy domanic sabonis. The Mariners three and three on their baseball home stand so far idle tonight and host the St. Louis cards Friday and 40° in rain, not ideal baseball weather into coma. But it's a 7 O 5 first pitch for the rainiers in El Paso. Sports was for its ten and 40 after the hour, northwest news radio. Northwest news times 6 11. A heads up for iPhone users. The Wall Street Journal reports criminals are stealing those phones and locking their owners out of all of their accounts more from ABC's Whit Johnson. 46 year old Greg frasca says his iPhone was stolen in October 2022, and he's still blocked out of his account. He says he's tried just about everything, even offering apple a DNA swab and $10,000 to a charity of the company's choice. No
Northwest Newsradio
"october 2022" Discussed on Northwest Newsradio
"Of a sudden this guy just started screaming on the top of his lungs. It was definitely a good 5 minutes or so. And it was just getting worse and worse and worse. The Fort Lauderdale bound flight landing in Orlando and all the passengers forced to deploy. As for that adult passenger? He was met by security at the gate. Southwest releasing a statement saying, we commend our crew for exhibiting outstanding professionalism while handling a challenging situation, and we appreciate the patience of our other customers on board who had to experience the behavior. I think the number one thing to say here is that even though our bruise handle these things is diplomatically as we can. And the end result, you don't sit down and close your mouth and stop doing whatever it was you're doing. You're going to be hauled off by police at the other end. And that's aviation analyst John Nance, speaking with ABC's Eva pilgrim. A heads up for iPhone users, The Wall Street Journal reports criminals are stealing them and locking their owners out of their accounts. Here's ABC's Whit Johnson. 46 year old Gregg frasca says his iPhone was stolen in October 2022, and he's still blocked out of his account. He says he's tried just about everything, even offering apple a DNA swab and $10,000 to a charity of the company's choice. No luck. The biggest trouble has been getting back those photos and videos that I can't. My daughter, my family, birthdays, anniversaries. The
77WABC Radio
"october 2022" Discussed on 77WABC Radio
"A gateway pundit Refuting January 6th narrative admitting January 6th protests not an insurrection D.C. courts to bias Well that's an interesting headline Very interesting What's going on here Nancy Pelosi's daughter Alexandra palosi is producing an HBO documentary about the January 6 2021 protests and riot in Washington D.C. rights gateway pundit Jim Hough In October 2022 CNN released never before seen footage Nancy Pelosi Mitch McConnell inside the U.S. capitol on January 6th 2021 The two people who refused to call in the National Guard prior to that day and during the riding You know Mitch McConnell has never been held to account by Republicans He was responsible for securing that building too and he didn't do anything He didn't lift a finger He didn't even lift one of his crooked arthritic figures mister producer The footage was filmed by Nancy's daughter Alexandra Nancy son in law was outside during the protests filming the quote unquote insurrection Nancy had a camera crew at the U.S. capitol as if she knew it was going to be a historic day Quite the coincidence So it turned out January 6th was a historic day It was also well planned and staged he says now there's never before released video of Nancy Pelosi's daughter admitting to a January 6th defendant That the insurrection narrative was nonsense The Washington D.C. is too biased to hold fair trials for Trump supporters I believe that a 100%
Mark Levin
Nancy Pelosi’s Daughter Caught on Tape Refuting J6 Narrative
"A gateway pundit Refuting January 6th narrative admitting January 6th protests not an insurrection D.C. courts to bias Well that's an interesting headline Very interesting What's going on here Nancy Pelosi's daughter Alexandra palosi is producing an HBO documentary about the January 6 2021 protests and riot in Washington D.C. rights gateway pundit Jim Hough In October 2022 CNN released never before seen footage Nancy Pelosi Mitch McConnell inside the U.S. capitol on January 6th 2021 The two people who refused to call in the National Guard prior to that day and during the riding You know Mitch McConnell has never been held to account by Republicans He was responsible for securing that building too and he didn't do anything He didn't lift a finger He didn't even lift one of his crooked arthritic figures mister producer The footage was filmed by Nancy's daughter Alexandra Nancy son in law was outside during the protests filming the quote unquote insurrection Nancy had a camera crew at the U.S. capitol as if she knew it was going to be a historic day Quite the coincidence So it turned out January 6th was a historic day It was also well planned and staged he says now there's never before released video of Nancy Pelosi's daughter admitting to a January 6th defendant That the insurrection narrative was nonsense The Washington D.C. is too biased to hold fair trials for Trump supporters I believe that a 100%
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"Sexy coupons. <Speech_Male> <Content> Picks him out, maybe <Speech_Male> <Content> right on the back, <Speech_Male> <Content> something like redeemable <Speech_Male> <Content> when under X <Speech_Male> <Content> weight. I <Speech_Male> <Content> think that would probably be <Speech_Male> <Content> a very simple <Speech_Male> <Content> way to get a <Speech_Male> <Content> whole bunch of them. <Speech_Male> <Content> Now, <Speech_Male> <Content> if you want something <Speech_Male> <Content> that's going to have more <Speech_Male> <Content> of an impact and <Speech_Male> <Content> is likely to encourage <Speech_Male> <Content> him even more, <Speech_Male> <Content> then I'd say check <Speech_Male> out our sexploration list. <Speech_Male> <Content> Fill it out <Speech_Male> <Content> together and then find <Speech_Male> <Content> the matches that you <Speech_Male> aren't currently doing, <Speech_Male> <Content> but you are willing <Speech_Male> <Content> to do and he's wanting <Speech_Male> <Content> to do. That <Speech_Male> way you'll build a <Speech_Male> wishlist for him and have <Speech_Male> prime <Speech_Male> <Content> material for gifts <Speech_Male> <Advertisement> that don't push your <Speech_Male> <Content> boundaries and <Speech_Male> <Content> would be a big incentive <Speech_Male> for him. <Speech_Music_Male> And that's <Speech_Male> <Content> it for today. <Speech_Music_Male> <Advertisement> I know this was a <Speech_Male> <Content> short one. There weren't <Speech_Male> that many questions and <Speech_Male> <Content> a lot of them very, <Speech_Male> <Advertisement> very quick and <Speech_Male> <Advertisement> just linking to blog <Speech_Music_Male> <Advertisement> posts. <Speech_Music_Male> I'll have another one <Speech_Male> <Content> out soon with November's <Speech_Male> <Content> questions <Speech_Male> <Content> as soon as I <Speech_Music_Male> <Advertisement> get done <Speech_Music_Male> <Advertisement> answering them. <Speech_Music_Male> <Advertisement> Lastly, don't <Speech_Male> <Content> forget to sign up for <Speech_Male> <Content> the webinar if you <Speech_Male> haven't already. <Speech_Male> Just a reminder, it's <Speech_Male> happening Saturday, <Speech_Male> the <Speech_Male> 21st at 8 p .m. <Speech_Music_Male> <Advertisement> Eastern time. <Speech_Male> <Content> So if I get this <Speech_Male> <Content> out today, that will be <Speech_Music_Male> <Advertisement> tomorrow. <Speech_Music_Male> And if <Speech_Male> you have any questions of your <Speech_Male> own, feel free to <Speech_Music_Male> visit our anonymous <Speech_Male> have a question page <Speech_Male> <Content> and you can submit <Speech_Male> them or you can email <Speech_Male> <Content> me at jatuncoveringintimacy <Speech_Male> .com. <Speech_Male> <Advertisement> <Music> <Advertisement> And <Speech_Male> thank you to all our <Speech_Male> supporters who help <Speech_Male> in discussing the <Speech_Male> <Content> questions, <Speech_Male> <Content> bringing new ideas, and <Speech_Music_Male> just generally being <Speech_Male> <Content> amazing. If <Speech_Male> <Content> you'd like to join the <Speech_Male> group and become part <Speech_Male> of the conversation, <Speech_Music_Male> check out our <Speech_Music_Male> <Advertisement> support page. <Music> <Speech_Music_Male> That's it for today. <Speech_Male> Talk to you next time. <Speech_Music_Male> <Advertisement> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> out our <Speech_Music_Male> <Advertisement> support page. <Music> <Speech_Music_Male> That's it for today. <Speech_Male> Talk to you next time. <Speech_Music_Male> <Advertisement> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> Thank <Silence> you.
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"Sexy coupons. <Speech_Male> <Content> Picks him out, maybe <Speech_Male> <Content> right on the back, <Speech_Male> <Content> something like redeemable <Speech_Male> <Content> when under X <Speech_Male> <Content> weight. I <Speech_Male> <Content> think that would probably be <Speech_Male> <Content> a very simple <Speech_Male> <Content> way to get a <Speech_Male> <Content> whole bunch of them. <Speech_Male> <Content> Now, <Speech_Male> <Content> if you want something <Speech_Male> <Content> that's going to have more <Speech_Male> <Content> of an impact and <Speech_Male> <Content> is likely to encourage <Speech_Male> <Content> him even more, <Speech_Male> <Content> then I'd say check <Speech_Male> out our sexploration list. <Speech_Male> <Content> Fill it out <Speech_Male> <Content> together and then find <Speech_Male> <Content> the matches that you <Speech_Male> aren't currently doing, <Speech_Male> <Content> but you are willing <Speech_Male> <Content> to do and he's wanting <Speech_Male> <Content> to do. That <Speech_Male> way you'll build a <Speech_Male> wishlist for him and have <Speech_Male> prime <Speech_Male> <Content> material for gifts <Speech_Male> <Advertisement> that don't push your <Speech_Male> <Content> boundaries and <Speech_Male> <Content> would be a big incentive <Speech_Male> for him. <Speech_Music_Male> And that's <Speech_Male> <Content> it for today. <Speech_Music_Male> <Advertisement> I know this was a <Speech_Male> <Content> short one. There weren't <Speech_Male> that many questions and <Speech_Male> <Content> a lot of them very, <Speech_Male> <Advertisement> very quick and <Speech_Male> <Advertisement> just linking to blog <Speech_Music_Male> <Advertisement> posts. <Speech_Music_Male> I'll have another one <Speech_Male> <Content> out soon with November's <Speech_Male> <Content> questions <Speech_Male> <Content> as soon as I <Speech_Music_Male> <Advertisement> get done <Speech_Music_Male> <Advertisement> answering them. <Speech_Music_Male> <Advertisement> Lastly, don't <Speech_Male> <Content> forget to sign up for <Speech_Male> <Content> the webinar if you <Speech_Male> haven't already. <Speech_Male> Just a reminder, it's <Speech_Male> happening Saturday, <Speech_Male> the <Speech_Male> 21st at 8 p .m. <Speech_Music_Male> <Advertisement> Eastern time. <Speech_Male> <Content> So if I get this <Speech_Male> <Content> out today, that will be <Speech_Music_Male> <Advertisement> tomorrow. <Speech_Music_Male> And if <Speech_Male> you have any questions of your <Speech_Male> own, feel free to <Speech_Music_Male> visit our anonymous <Speech_Male> have a question page <Speech_Male> <Content> and you can submit <Speech_Male> them or you can email <Speech_Male> <Content> me at jatuncoveringintimacy <Speech_Male> .com. <Speech_Male> <Advertisement> <Music> <Advertisement> And <Speech_Male> thank you to all our <Speech_Male> supporters who help <Speech_Male> in discussing the <Speech_Male> <Content> questions, <Speech_Male> <Content> bringing new ideas, and <Speech_Music_Male> just generally being <Speech_Male> <Content> amazing. If <Speech_Male> <Content> you'd like to join the <Speech_Male> group and become part <Speech_Male> of the conversation, <Speech_Music_Male> check out our <Speech_Music_Male> <Advertisement> support page. <Music> <Speech_Music_Male> That's it for today. <Speech_Male> Talk to you next time. <Speech_Music_Male> <Advertisement> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> out our <Speech_Music_Male> <Advertisement> support page. <Music> <Speech_Music_Male> That's it for today. <Speech_Male> Talk to you next time. <Speech_Music_Male> <Advertisement> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> <Song> Thank <Silence> you.
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"People love to hate it. Nevertheless, that's my stance on it. Moving on, question seven is simply, how does a couple meet others? And I'm going to assume that you mean other couples to create friendships with and not something like finding a unicorn or swinging partners. Probably one of the easiest places to find other couples to hang out with are at church. You already have a shared goal in life following God. If you have kids, then your church likely has some children's programs with other kids in them and you can find families in similar age groups. Other than that, there's always work, neighbors, hobbies, the gym, and anywhere else that you find people. Simply strike up a conversation, get to know them a bit, find shared interests, and then invite them over for coffee or to play a board game or to go to an event or whatever else that you like to do.
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"My <Speech_Male> <Content> <Advertisement> <Song_Male> <Silence> <Music> only issue is <Speech_Male> <Content> that it's very difficult for <Speech_Male> <Content> me to climax to <Speech_Male> <Content> orgasm. <Speech_Male> <Content> I have wave upon wave <Speech_Male> <Content> of sensations, close <Speech_Male> <Content> but rarely <Speech_Male> <Content> complete. I <Speech_Male> <Content> find myself masturbating <Speech_Male> <Content> and justifying <Speech_Male> <Content> that our time together <Speech_Male> <Content> is wonderful, so <Speech_Male> <Content> I'll relieve <Speech_Male> myself this way <Speech_Male> <Content> sometimes. <Speech_Male> <Advertisement> <Speech_Male> <Content> My question <Speech_Male> <Content> in response is, <Speech_Male> <Content> why not masturbate <Speech_Male> <Content> together? <Speech_Male> <Content> This way, you still <Speech_Male> <Content> get orgasms, it's <Speech_Male> <Content> still a shared experience, <Speech_Male> <Content> you'll get more comfortable <Speech_Male> <Content> orgasming with <Speech_Male> <Content> your spouse and he <Speech_Male> <Content> may learn some new tricks. <Speech_Male> <Content> Plus, he can <Speech_Male> <Content> help and increase your <Speech_Male> <Content> arousal and subsequent <Speech_Male> <Content> orgasms. <Speech_Male> <Content> It seems like a lot of <Speech_Male> <Content> good reasons to keep it <Speech_Male> <Content> as a shared activity. <Speech_Male> <Content> The only downside <Speech_Male> <Content> is that sometimes people <Speech_Male> feel uncomfortable <Speech_Male> <Content> or embarrassed <Speech_Male> <Content> masturbating in front of <Speech_Male> <Content> their spouse, and to that <Speech_Male> <Content> I say, <Speech_Male> <Content> get comfortable being uncomfortable. <Speech_Male> <Content> <Speech_Male> <Content> Marriage is about growth <Speech_Male> <Content> and if you're never uncomfortable, <Speech_Male> <Content> then <Speech_Male> <Content> you're never growing. <Speech_Male> <Content> All <Speech_Male> <Content> right, question number <Speech_Male> <Content> five is, <Speech_Male> <Content> they <Speech_Male> <Content> write, hello, <Speech_Male> <Content> do you have a quiz <Speech_Male> <Content> or something that my wife <Speech_Male> <Content> and I can take to <Speech_Male> <Content> determine the type of <Speech_Male> <Content> desire, spontaneous <Speech_Male> <Content> or responsive, that <Speech_Male> <Content> we have? <Speech_Male> <Content> Thanks, Daniel. <Speech_Male> <Content> <Speech_Male> <Content> It's very <Speech_Male> cool to have people's names. <Speech_Male> <Content> I love that. <Speech_Male> <Content> I wish more people would do <Speech_Male> <Content> that. So Daniel, <Speech_Male> <Content> I didn't <Speech_Male> <Content> when you asked, <Speech_Male> <Content> but I spent a week <Speech_Male> <Content> or so creating one. <Speech_Male> <Content> It's still currently <Speech_Male> <Content> in the <Speech_Male> <Content> beta stage, but if you <Speech_Male> <Content> want to try it out, you can <Speech_Male> <Content> do so at app <Speech_Male> <Content> .uncoveringintimacy <Speech_Male> .com. <Speech_Male> <Content> I'll link to that <Speech_Male> <Content> in the show notes as well. <Speech_Male> <Content> It's a quick quiz <Speech_Male> <Content> with a few questions and <Speech_Male> <Content> then links to our post <Speech_Male> <Content> on spontaneous and <Speech_Male> <Content> responsive desire to <Speech_Male> <Content> learn more. <Speech_Male> <Content> I <Speech_Male> <Content> would love to know <Speech_Male> <Content> people's feedback about <Speech_Male> <Content> it and <Speech_Male> <Content> if it helped or <Speech_Male> <Content> if you can think <Speech_Male> <Content> of questions that <Speech_Male> <Content> might help <Speech_Male> <Content> you determine which one. <Speech_Male> <Content> That would be <Speech_Male> <Content> awesome. <Speech_Male> <Content> <Speech_Male> <Content> Question number six <Speech_Male> <Content> is simply, <Speech_Male> <Content> why do married men <Speech_Male> <Content> masturbate? This is <Speech_Male> <Content> another example that <Speech_Male> <Content> I wish they'd use the search <Speech_Male> <Content> because I literally <Speech_Male> <Content> have a post with that exact <Speech_Male> <Content> name, <Speech_Male> <Content> which I'll <Speech_Male> <Content> link to in the show notes. <Speech_Male> <Content> I'm not going to go through <Speech_Male> <Content> the whole thing. It is <Speech_Male> <Content> probably the post with <Song_Male> <Content> the most comments <Speech_Male> <Content> to date.
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"My <Speech_Male> <Content> <Advertisement> <Song_Male> <Silence> <Music> only issue is <Speech_Male> <Content> that it's very difficult for <Speech_Male> <Content> me to climax to <Speech_Male> <Content> orgasm. <Speech_Male> <Content> I have wave upon wave <Speech_Male> <Content> of sensations, close <Speech_Male> <Content> but rarely <Speech_Male> <Content> complete. I <Speech_Male> <Content> find myself masturbating <Speech_Male> <Content> and justifying <Speech_Male> <Content> that our time together <Speech_Male> <Content> is wonderful, so <Speech_Male> <Content> I'll relieve <Speech_Male> myself this way <Speech_Male> <Content> sometimes. <Speech_Male> <Advertisement> <Speech_Male> <Content> My question <Speech_Male> <Content> in response is, <Speech_Male> <Content> why not masturbate <Speech_Male> <Content> together? <Speech_Male> <Content> This way, you still <Speech_Male> <Content> get orgasms, it's <Speech_Male> <Content> still a shared experience, <Speech_Male> <Content> you'll get more comfortable <Speech_Male> <Content> orgasming with <Speech_Male> <Content> your spouse and he <Speech_Male> <Content> may learn some new tricks. <Speech_Male> <Content> Plus, he can <Speech_Male> <Content> help and increase your <Speech_Male> <Content> arousal and subsequent <Speech_Male> <Content> orgasms. <Speech_Male> <Content> It seems like a lot of <Speech_Male> <Content> good reasons to keep it <Speech_Male> <Content> as a shared activity. <Speech_Male> <Content> The only downside <Speech_Male> <Content> is that sometimes people <Speech_Male> feel uncomfortable <Speech_Male> <Content> or embarrassed <Speech_Male> <Content> masturbating in front of <Speech_Male> <Content> their spouse, and to that <Speech_Male> <Content> I say, <Speech_Male> <Content> get comfortable being uncomfortable. <Speech_Male> <Content> <Speech_Male> <Content> Marriage is about growth <Speech_Male> <Content> and if you're never uncomfortable, <Speech_Male> <Content> then <Speech_Male> <Content> you're never growing. <Speech_Male> <Content> All <Speech_Male> <Content> right, question number <Speech_Male> <Content> five is, <Speech_Male> <Content> they <Speech_Male> <Content> write, hello, <Speech_Male> <Content> do you have a quiz <Speech_Male> <Content> or something that my wife <Speech_Male> <Content> and I can take to <Speech_Male> <Content> determine the type of <Speech_Male> <Content> desire, spontaneous <Speech_Male> <Content> or responsive, that <Speech_Male> <Content> we have? <Speech_Male> <Content> Thanks, Daniel. <Speech_Male> <Content> <Speech_Male> <Content> It's very <Speech_Male> cool to have people's names. <Speech_Male> <Content> I love that. <Speech_Male> <Content> I wish more people would do <Speech_Male> <Content> that. So Daniel, <Speech_Male> <Content> I didn't <Speech_Male> <Content> when you asked, <Speech_Male> <Content> but I spent a week <Speech_Male> <Content> or so creating one. <Speech_Male> <Content> It's still currently <Speech_Male> <Content> in the <Speech_Male> <Content> beta stage, but if you <Speech_Male> <Content> want to try it out, you can <Speech_Male> <Content> do so at app <Speech_Male> <Content> .uncoveringintimacy <Speech_Male> .com. <Speech_Male> <Content> I'll link to that <Speech_Male> <Content> in the show notes as well. <Speech_Male> <Content> It's a quick quiz <Speech_Male> <Content> with a few questions and <Speech_Male> <Content> then links to our post <Speech_Male> <Content> on spontaneous and <Speech_Male> <Content> responsive desire to <Speech_Male> <Content> learn more. <Speech_Male> <Content> I <Speech_Male> <Content> would love to know <Speech_Male> <Content> people's feedback about <Speech_Male> <Content> it and <Speech_Male> <Content> if it helped or <Speech_Male> <Content> if you can think <Speech_Male> <Content> of questions that <Speech_Male> <Content> might help <Speech_Male> <Content> you determine which one. <Speech_Male> <Content> That would be <Speech_Male> <Content> awesome. <Speech_Male> <Content> <Speech_Male> <Content> Question number six <Speech_Male> <Content> is simply, <Speech_Male> <Content> why do married men <Speech_Male> <Content> masturbate? This is <Speech_Male> <Content> another example that <Speech_Male> <Content> I wish they'd use the search <Speech_Male> <Content> because I literally <Speech_Male> <Content> have a post with that exact <Speech_Male> <Content> name, <Speech_Male> <Content> which I'll <Speech_Male> <Content> link to in the show notes. <Speech_Male> <Content> I'm not going to go through <Speech_Male> <Content> the whole thing. It is <Speech_Male> <Content> probably the post with <Song_Male> <Content> the most comments <Speech_Male> <Content> to date.
Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"october 2022" Discussed on Sex Within Marriage Podcast : Exploring Married Sexuality from a Christian Perspective
"Hello, and welcome to the Sex Within Marriage podcast. My name is JD, and I blog over at UncoveringIntimacy .com. And here we are with another installment of answering anonymous questions from our Have a Question page. These questions are coming from October of 2022, so I'm slowly catching up. I hope to get to the point where people can get answers in weeks, not months. Before we get to the questions, though, I want to remind you that we have an event this weekend for the wives on Saturday at 8pm Eastern Time. I'm going to be running through the first module of our Becoming More Sexually Engaged course. And for the wives who are reading this, whether you're interested in the course or just want some free information, I guarantee you will learn something, if not a whole lot of some things. And it will improve your marriage as a result. If that sounds like something you're interested in, you can join the 120 wives already registered for the webinar. The link will be in the show notes. And now, on to the questions. All right, question one is, where does the energy come from? It feels real, it starts with your legs, body, and intimate area, and is it normal to feel this pressure inside my body and it lasts a long time? Now, in our supporter group, we weren't sure what this person was talking about exactly. I think you'd have to elaborate a little bit more, when this happens, the context, et cetera, for us to have a chance at answering. Maybe one of you listening out there can recognize what they mean and go to the post and comment. That would be extremely helpful.
The Breakdown
The Worst of Bitcoin Mining in 2022
"We're starting appropriately with a piece called the worst of Bitcoin mining in 2022, which was written by Zach vol and published on the compass mining blog. Zack writes, even the most casual observer knows that crypto had a bad year. The reason for the industry's tumult could fill an entire article of their own. But the Bitcoin mining sector had a particularly rough year, and this article is dedicated to cataloging all of the bad things that miners suffered. From bankruptcies and resignations to de listings and lawsuits, Bitcoin miners saw it all. So here's a recap of the worst events from Bitcoin mining in 2022. Bankruptcies. Bitcoin mining companies that filed for bankruptcy or were significantly affected by counterparties filing for bankruptcy was a common theme in 2022. Compute north filed for bankruptcy in September 22. According to filings, the company owed as much as $500 million to at least 200 creditors. In February 7 months before bankruptcy, the company raised $385 million. Core scientific, the largest publicly traded Bitcoin mining company, also filed for bankruptcy a few days before Christmas. The company warned a potential bankruptcy in October 2022 as its stock price plummeted. Core plans to continue mining through its bankruptcy proceedings. Celsius, a prominent crypto lending platform also saw its sizable mining unit go bankrupt just months after the team announced its plans to go public. Celsius told bankruptcy court that continuing to mine was key to its restructuring plans. But the mining unit burned $40 million during the first two weeks of bankruptcy. BlockFi was another prominent crypto lending service that maintained a sizable mining unit and has filed for bankruptcy. To date, no reports have indicated that BlockFi is mining assets which are hosted by blockstream have been interrupted or taken offline. Marathon is another high profile publicly traded Bitcoin mining company, but they have not filed for bankruptcy. They're on this list because of their exposure to bankrupt firms, however, to illustrate the mild contagion of mining bankruptcies.
Mark Levin
Bari Weiss: Twitter Memo Details Targeted Suspensions on Libs of TikTok
"Libs of TikTok Oh we know libs of TikTok Libs of TikTok An account that was on the trends blacklist was designated as do not take action or use her without consulting with sippets That is the highest executives The highest executives at Twitter lives of TikTok The account which began in November 2020 and now boasts over 1.4 million followers Was subjected to 6 suspensions in 2022 alone Rate check says each time rate check was blocked from posting for as long as a week Twitter repeatedly informed ray check that she had been suspended for violating Twitter's policy against quote unquote hateful conduct But in an internal sip pest memo that is again the highest level execs From October 2022 last time I checked that's just a few months ago And her 7th suspension the committee acknowledged that libs of TikTok has not directly and I quote engaged in behavior of violative of the hateful conduct policy So they knew an internal memos that they had not violated the internal hateful conduct policy But they suspended them a 7th time They're doing the work of the Democrat party They're doing the work of the Biden campaign and the Biden White House That's what's going on here It's clear today That's why the Democrats all want to investigate now Elon Musk That's why they want a sick you know the investigative agencies and their resources of the federal government We really want to know how this came down this thing
Bloomberg Radio New York
"october 2022" Discussed on Bloomberg Radio New York
"Do you want to mention Nvidia at with results up about 3% in the aftermarket, third quarter revenue, a beat 5.93 billion versus the estimate of 5.79 billion so that one is definitely kicking higher in the after hours. And I do want to point out I mentioned some Robinhood numbers earlier in the stock moving and this was an update on its October 2022 operating data. It wasn't earnings. This is a Bloomberg money minute, interest rate worries returned to Wall Street, stocks ended lower on fears that stronger than expected retail sales could mean more rate tightening by the fed, the Dow fell 39 the S&P 500 lost 33, the NASDAQ dropped one 75. Layoffs have begun at Amazon with as many as 10,000 jobs potentially on the line, one staffer wrote in an internal chat room that no one is safe as Amazon adjusts to slowing sales. If rising mortgage rates haven't pushed you out of the housing market, you're about to get a break. Rates fell nearly a quarter point last week, according to the mortgage bankers association falling back under 7%. If you live there or have been there, you already know New York is a terrible city for driving. It tops the list of worst cities for drivers from the root planning company circuit. It is followed by Chicago, Miami, Austin, Texas, and LA, Larry kofsky, Bloomberg radio. If I could be you. And you could be me for just one hour. Have you could find a way to get inside each other's mind. Walk a mile in my shoes, walk a mile in my shoes. We've all felt left out, and for some, that feeling lasts more than a moment. We can change that. Learn how it belonging begins with us dot org, brought to you by the ad council.
Leading Saints Podcast
"october 2022" Discussed on Leading Saints Podcast
"I had the pleasure of interviewing Jeff McCullough, who is the creator of hello saints, a YouTube channel where Jeff, who is an evangelical pastor, explores the latter day saint world. Everything from our doctrine to our culture to locations where we live and so forth. And many of you are probably now more familiar with Jeff compared to the time that I recorded this interview because he had a recent viral video, we could probably call it of his reaction to attending general conference. He attended the Saturday morning and Saturday afternoon sessions of this past October 2022 general conference. And in that video, it gives me a few shout outs. But this interview that you're about to hear is actually recorded a few weeks before he attended conference and this was actually beginning of sort of having a friendship that led to him giving me a shout out in that video. And so we explore all things leadership in the context of his personal life, being a evangelical pastor and leading in that role. And we just talk about why he would start a YouTube channel about Latter day Saints. I think you'll appreciate this episode. Let's jump into my interview with Jeff McCullough. The creator of hello saints. Jeff McCullough, welcome to the leading saints podcast. Hey, thanks for having me.
What a Weird Week
"october 2022" Discussed on What a Weird Week
"And no matter what the prime minister does, especially if he looks like he's having fun. Well, let's pile on the hate on that, right? The Internet, you know, the people who love the prime minister thought it was fantastic. And there were some people who were like, meh, also. 9. Okay, number 9 is actually a multi pack of entries, sort of like when you buy the cereal, the little boxes of cereal and there's a couple of good frosted flakes, yes. And then it was like, oh, Rice Krispies. I don't know. We just lost our Rice Krispies sponsorship. Why? Because I said they're terrible. Here is the it has nothing to do with cereal, so sorry about that. This is about stuff in the sky. So number 9 entry is about all the cool things happening this month in the sky. They're not that weird, but they're a little bit weird and, you know, some people, if they knew you got up early and went out and looked at the sky, they would think you're weird. So it counts. So October the 8th, but really all month long before sunrise, you'll be able to see mercury as a morning star, it appears in the eastern sky. That is the official documentation. But then also October 8th to tenth, the draconian meteor shower early evening for that one. Meteors fly every which way through the starry sky. That is the quote from the article. Later in October 2, we're going to get the Orion meteor shower. So October, things are looking up. See what I did there because you and I will be looking up in October, oh boy. I'm on fire. Also, we got a hunter's moon, October 9th, hunter's full moon. They call it a double moon, I guess, for a couple of days it looks full, super fantastic moon. Most of the time people will say hunter's moon, it is also referred to as the dying grass moon, and the pepito's hot sauce moon. That one is sponsored by pepito's hot sauce. They should sell sponsorships for the full moon. Somebody get on that, that's a money maker. 8. Speaking of moneymakers, my face. What? Kidding. 8. I don't want to jinx anything, but are you getting a feeling that we're off to the races you guys, hey? 8. Number 8, cheating scandal rocks competitive fishing world. This happened at the Lake Erie walleye trail tournament in Ohio first place is $30,000 if you win this. So like pros come out for this. And it looks like some competitors put ball bearings or some sort of metal weight in the fish they caught. Now it's all being investigated by Ohio's department of natural resources, like somebody might be going to fish jail over this, which is just real jail. It's just when they say, what are you in for? You have to say fish. I don't know, big fines or face jail. The quote is fantastic from the article and we do have a link in the show notes. Footage from the wing shows tournament director Jason Fisher, first of all, stop full stop there because the tournament, the fishing tournament directors name is Jason Fisher, come on, man. All right, Jason Fisher opens up a catch and shouts. We got weights in fish. I don't know if that was a good impersonation of Jason Fisher, but that's the quote in the article. We got weights in fish. And the article is full of fish puns. You're gonna love it. 7. Number 7 is the spotted lantern fly. This is not on my radar at all here in cold east coast, Canada, where basically we're already snowshoeing, but the spotted lantern fly is such an invasive moth type bug and people all over throughout the United States where the invasion is occurring. You know, they're harmful to crops on that, so terrible for the ecology. And many governments, local governments, and statewide are encouraging people to squish the heck out of those bugs as many bugs rip the wings off, just go crazy on these spotted lantern flies. It's a wonderful opportunity for children, grandparents, families to get together and just squish and bugs like crazy. Some sort of murderous rampage. The bugs have it coming, that's what the government said. They're here to destroy our crops, you guys. Look, I'm not a fan of the bugs myself. I'll tell you that much right here right now, but it seemed like Jimmy Kimmel Live. He was trying to show the other side of it, humanize bugs. He interviewed one. And they're everywhere now. Thankfully, they don't bite or sting, but they do a lot of damage to plants. They say they could devastate crops and trees and so the USD is very USDA said, if you see one, you should smash spotter and lantern flies. I smashed it. You did what? I smashed it, I. So much. What is this? What are you here? What do you mean when I'm a lantern fly? It might not be too bad of a Halloween costume. 6. Number 6, the headline meet the purple M and M. The newest spokes candy for the Mars brand, she's a peanut M and M, and is the latest effort in a continuing rebrand by the company to reach out to young consumers. The gist of this story is there's a new colored M and M. The color purple is meant to indicate inclusiveness in brands want to be thought of as inclusive and welcoming. Even if it's a cartoon rendering of a candy. So it's not like it's even a cartoon rendering of an actual human being. It's a cartoon rendering of a candy, but now food brands need to taste good and also be a good person. Purple M and M, your number 6 story. 5. Number 5, the headline John Paul college student band from school grounds because of unsuitable mullet haircut. Here's the gist, the school in Australia disagrees with our kids mullet. Thinks he needs to do something about that mullet before being allowed back on school grounds. It's a school that has a uniform policy and a dress code and a mullet is in violation, but you've seen this story a million times. This becomes one of those things. It's a freedom of expression issue versus some people in the comments are like, let the kid be a kid. And then other people are like, kids, these days need to have more respect. Some mullet fans are like, why do you persecute us? But it's more than a mullet, hate or mullet love situation, I think, is turning into in the comments. And this could be a shock to you. Some sort of divisive issue. Yeah, on the Internet, once in a while, you'll get one of those. This story has a ton of put the link in the show notes, a ton of mullet photos, but none of the actual kid, I think maybe there's some sort of privacy concerns, but I gotta say, shout out to one of the news orgs. They tracked down and interviewed the kids hairdresser. And there's a nice photo of the hairdresser in the article. She seems nice. Four. Number four, headline new evidence suggests presence of underground Lake on Mars and the gist of this story scientists have wondered about it for a few years and new evidence is supporting the idea of an 18 mile Lake under the Martian South Pole and its liquid you guys because geothermal heat. The speculation right now or is it speculation? Theory, whatever. Nobody's gone swimming there yet. So I don't know what how you rank that evidence. Nobody has played underground Martian Lake water polo yet. Liquid water on Mars might mean there's life on Mars, right? That's one of the things why everybody's so cranked up on finding water on Mars, but then also it is something that human space travelers could exploit someday. Always find the next thing to exploit. That's progress. The whole story to me, I'm not exactly sure if I'm jacked up about it or whatever, but it does make me crave Mars bars. Hey, they should come out with Mars water. The Myers bars people, listen, let me pitch this. It's water, but it tastes like a Mars bar. And only half the calories. Hey, writes itself that one. That idea wrote itself. Three. Number three headline is McDonald's happy meals for adults won't come to the UK and fans are devastated. So this story obviously from the UK, but that devastation is being felt around the world. McDonald's is doing happy meals for grown-ups. We all want them, but it's only in the USA where it's happening. So this segment not sponsored by McDonald's. By the way, but I would work for nugs. You know that about me, I have, worked for nugs, and I would again. You get the happy meal box, just like a kid's happy meal, you know, limited edition box and you get your Big Mac, your nugs in there, your fries, your soft drink. Soda, and then figurine, a limited edition figurine is the prize you get in your happy meal. So the grown-up happy meal, I think firing off on all cylinders here. It sounds fantastic. What else would you want? What other prizes could you have in your grown-up happy meal? A little bottle of booze, maybe no, that wait, hold on. So here's the thing. McDonald's you know, they're not going to give you booze. They're not going to give you a lot of tickets. That's what you want in your happy meal. They're not going to give you vouchers to go to the casino. None of that stuff. But you could start up a get a food truck going and your whole shtick, your gimmick is that all the food comes in boxes like happy meals. I think this could take off you guys. Got me in for 4% if this takes off. Happy meal food truck. And the prize inside, little bottles of booze. Or, I don't know, you could put anything in there. Lock picking kit. I don't know, that's just off the top of my head, but and why? Why was I thinking about a lock picking kit? Anyway, let's move on. Number two, here's the headline stolen table cloth recovered. That's it. That's the headline. I'm terrible at writing headlines, you guys, just found out. Here's what the San Francisco Chronicle said. They were eating in prime ribbon, Yorkshire pudding. John Lennon drew an elaborate sunset in yellow crayon. Joan Baez and Paul McCartney sketched detailed faces. See, that's a better headline. They're better at it than me. The gist of this story, a story about a tablecloth that went missing after The Beatles sketched on it and signed it in 1966 just before what would be their final live American ticketed event. So San Francisco, all The Beatles had some kind of artwork on that thing, very unique item, but it got stolen just a few days later, somebody took it from the window of the catering company, and then 50 something years later, the caterers grandson gets this phone call, hey, did your family used to have a catering business in San Francisco? That phone call led to the grandson, the family recovering the stolen tablecloth, The Beatles tablecloth, the beetle cloth. Why don't they call it the beetle cloth? I know I'm no good at headlines, but I think beetle cloth should have been in the story somewhere. Anyway, going to auction, they think maybe it could get $25,000 that tablecloth. I mean beetle cloth. One. Okay, number one, the headline Google prototypes and open-sources in extra long keyboard with one row of keys. The headline says it all right there. You don't even have to click through and see the picture. I'll put it with the show notes on the blog post for this episode. I will put a picture of that keyboard and what's more. I would make one 18th of a cent if you clicked through and looked at that photo on the blog, but you don't have to. Because you can picture it, it's just a very long keyboard, one letter at a time when symbol at a time, whatever, all the keys of your current keyboard that you're using. Just line them up in a long straight line. That's what they did. It's not just a sketch. It's not just a blueprint. They actually did a prototype of a very long keyboard. I didn't know this, but Google Japan has done this before, they release silly keyboards. They do it. It's like some sort of fun thing for them, silly keyboard concepts. It's like a whole subgenre of comedy, silly keyboard comedy. It's like if you went to Vegas and you saw Carrot Top and he did an entire set and every time he went to that trunk where he keeps all his props every time the next joke was about another keyboard. Nothing but keyboards. Keyboard comedy. I think we're onto something there. Somebody get in touch, would you reach out to Carrot Top for me, you guys? I appreciate it. You want show notes or see the pictures, get the links, stream the podcast all of the jazz, show notes page, easy to remember, show notes, dot page, EM, Happy Thanksgiving. Canadian Friends, Canadian enemies to look, I'm just going to say it. We're enemies. But you're celebrating Thanksgiving. Happy Thanksgiving. You win enemies.