36 Burst results for "The Coming Months"
Tech Path Crypto
A highlight from Avalanche Skyrockets Gaming Bull Run Begins
"All right, today we're going to dive into some blockchain game wars that I think you guys are going to want to listen to. We're going to be breaking down a lot of projects and also giving you some insights as to where maybe some of these game companies are going to be going. It's going to be a good one. My name is Paul Baron. Welcome back to the Tech Path. All right, let's get started. I do want to thank our sponsor today, and that is Tangem. If you are looking at a self -custody wallet, which you probably are, maybe jumping into crypto for your first time and you're thinking, I want to park some of my crypto off of exchanges. This is one of the tools that you can do it. All you have to go and do is go over to tangem .com. You can jump right into one of their cards. One of the things you're going to like here is the flexibility of both the card and the app versus using a hardware wallet. You know what I'm talking about. It's very simple. You get a three -card set, keep one with you, park the other two, hide them up, and then use it anytime you need to do a transaction right there on your phone, both iOS and Android. Make sure and check it out. You get an initial discount by just using our code, so we'll leave one down below. Make sure and check it out. It helps out. Now, I know everybody was kind of dogging us a little bit about my statement last week, a reference to the situation around Alluvium and them being on Avalanche. I just want to kind of clarify, there's a lot of research that comes, of course, across our desk here, and some of it is through things that we just are constantly perusing. One of the things that really kind of caught our eye was what was happening over on BeamHub. And BeamHub right here, as you can see, and our team tells me that this used to say coming soon, even though it says popular Alluvium Arena. And so the theory is that maybe there's going to be some action here of Alluvium on Avalanche at some time. So that's just, I just want to get that out there, kind of get it away because I know everybody was kind of freaking out about that earlier. I want to get into a couple of tweets. We'll kind of start right here, Coinbase Exchange, adding support for Solana and Avalanche Perpetual Futures. This course is in the international exchange. Now why is this? It's very simple. Both Solana and Avix, very active in the gaming ecosystem and the likelihood of moving and seeing a lot of growth, I think, in the coming months and years for blockchain gaming and Web3. Overall, this is a good move by Coinbase for sure, and I think eventually we may see some stuff like that here in the US, but right now we've got to deal with what we've got to deal with. And of course, that's just getting Coinbase past their lawsuit with the SEC. If you have not checked out our full playlist on Avalanche, go check it out. It's going to give you a full rundown of a lot of the projects, some of the games, some of the SocialFi experiences, all sorts of things that we've covered over the months and years with the Avalanche team, many of their devs, all that, executives, et cetera. Check it out. You guys will like it. It's a good playlist to get kind of indoctrinated into understanding what's happening in gaming, and why Avalanche is going to probably be one of the top ones out there. So why are so many crypto games are switching chains or calling it quits? And there's some reasons here. I want to kind of highlight a couple of points here. Let me kind of zoom out on this. There's a few things that I want to focus in on. 81 % of current blockchain games use non -gaming -focused layer 1s, so that's one reason. Early on, they're going to have to move into some of these layer 2s. 74 % of games are now choosing an EVM network, like Solana's virtual machine. Comes in a distant second, making up about 10 % of games, and this is in comparison to what's happening over on Ethereum and Polygon. ETH sidechain Polygon remains a top choice. You can kind of see the chart right here. And the number, Solana looks like they're number four, ETH number three, and obviously BNB and Polygon pretty much holding the top two spots, so something to be aware of. 65 of % blockchain games move networks, so this year, up from 48 games switching things up across all of 22. So a little bit of activity. Could be something happening there, I think, on the sense of urgency, meaning that people are probably realizing, okay, we've been building, we're at that time now where the market is going to start heating up, we need to be ready, and we need to be on the blockchain that we're going to be on. So I would agree that it's a good strategy move. 60 % of games that left a layer one network moved to a layer two scaling network. This is all based on fees. It's the situation that really kind of boils down to everything. As more people have migrated to Polygon, this is one of the developers, we just started to run into scaling issues with Polychain, and we're paying between $3K and $4K a day on gas. Just untenable, so this is preventing us from both scaling and the game. So that's a problem I think eventually will be solved with some advancements in Polygon tech that will eventually get that into a scalable solution for the growth that we're going to see around gaming in general. Also want to take a look quickly, just so you guys are aware, Polygon soared last week after IMAX Immutable, a Web3 gaming platform, shook hands with video game giant Ubisoft. So similarly, Solana has also been favored by institutional investors recently, getting some attention of top crypto whales, which I think both those tokens in general, but more importantly, the vision of what these tokens represent. That's the thing that I think a lot of people are going to continue to see happening for sure. So, very interesting, I'd love to get your feedback. When you look at all the chains, whether it's what's happening, or within the ecosystems, if you're looking at IMAX or you look at Immutable, you look at what's happening within Solana or even Polygon, maybe Avalanche. Is it something that you would focus in one particular area or games within one particular area? Let me know, drop some comments down below. Make sure and smash the like button is one of the ways that we understand what you guys really want here on the show. One other thing, I want to kind of go into a few tweets, this of course coming in from Sandeep over at Polygon. It's easy to price talk, this is obviously with the price changing and moving so quickly over the last few days. It's hard to discuss fundamentals, fundamentals have the last laughs, I always agree with that. And I think this is something also, hopefully we're supposed to get Sandeep on the show. He's been scheduled a couple of times, we're going to try to get him on the show, hopefully before year end to give you guys kind of an update of what's happening at Polygon. Here's Robbie Ferguson from Immutable. Are you getting it, Hanon? I don't know if that's a message or not. We'll see. Anyway, Assassin's Creed, Maker Ubisoft is building a crypto gaming experience with Immutable. And I think this is something that we're going to continue to see a lot of major partnerships really make their way into some of these projects that I think are good for the industry, but more importantly are good for this cycle. And what I mean by that is, and everybody always asks me, you know, what's going to be the big winners this time around? I totally believe that it is going to be gaming. We thought gaming was going to be the last bull run metaverse kind of play. Many of these projects just were not ready. Many of these, you know, blockchains weren't ready. Now it's a different story. And when you think about that, look at what is happening with Avalanche. Why are AAA game studios choosing Avalanche? They're on a full PR run right here, and you can kind of see some of the things that you have to kind of focus in on with Avalanche. Shrapnel, Gunzilla, build on Beam, we've been talking about that. Again, Beam, definitely one that I'm watching very closely just in reference to the token itself. Obviously Shrapnel, we've had Shrapnel team on our show. Great graphics. Gunzilla, just the ability for them to be able to kind of leverage both traditional and Web3 I think is going to be a pretty big deal. Now let's remember some guys in the moves that you guys will probably recognize. This of course is Ryan White. And Ryan was over at Polygon, and now he's moved over to Optimism. So I knew he wouldn't stay out of the business long. And the interesting thing since Optimism, this is just something that you have to look at, if you look at Optimism in general, a little bit of activity here, this is just on the price. Market cap right here as you can kind of see it exploding a little bit, 1 .6 billion currently. And if you look at the Explorer token unlocks, there are some things getting ready to unlock in a big way here. So I don't know, could be some action going on here. So I would just be very aware of that. If you are looking at or really analyzing Optimism OP as a whole, just something to be aware of. There's getting ready to be a pretty significant unlock. What does that mean? It means that we're going to see a dump. For some of you guys who have not seen or been around the crypto markets very long, if you haven't subscribed to the channel, eventually you'll start to get and understand kind of the vernacular that we use and what the industry use, follow crypto Twitter religiously and make sure and follow the projects themselves. Because a lot of times there's a lot within the projects and the devs within those projects that can be looked at that can kind of set you on a research role that I think you'll pay attention to. A good example, a tweet from Alexander from Scott Mavis, Axie Infinity, if you guys are, maybe you have been around crypto gaming for a while, you know Axie, but if you haven't read up on it, learn a little bit more about what Axie did because they were really one of the first ones out there. Now what he's talking about here was in reference to a show we did last week where we released a PBN exclusive and that was Roblox talking about introducing NFTs into Roblox. This was actually the piece that Alexander is talking to specifically. It was an interview with Squawkbox and the CEO of Roblox and it was all about the potential for NFTs. Short answer, yes they're going to be planning, it's coming into their roadmap and I think that was what Alexander of course is kind of referencing is that hey they've been involved with Roblox often and of course they've got investments from them and plans for Ronan and Axie and all that starting to play together. Point being is that there's a lot of intersection between what's happening in traditional gaming, Web 2, and what is getting ready to happen in Web 3, which is why everybody needs to be paying attention. This is a good example right here, Gala Games putting out a simple tweet, never short on Web 3. You'll notice this little icon right here guys, does anybody recognize that? I'm going to zoom in on that just for you guys a little bit. Right there, does anybody recognize that? Yeah, well that's IMX because they bought the hashtag and now every time that's being used, kudos to Robbie, you just punked everybody on crypto Twitter for sure. Interesting stuff out there. Games are being played in many ways right now and it's more than the kind of blockchain games that we're thinking about coming our way. Alright rolling out another topic, of course many of you guys have probably heard us talk about Zilliqa way back in the day. Well they're active again and guess what, they're making the Fusion Gaming Hub, the first ever Web 3 gaming platform available for download through the Microsoft Store. It's real guys, there's a Web 3 platform called Fusion, right there Fusion, on the Microsoft Store and you'll kind of get here Web 3, some of the things that are happening there. I don't know, I'm just, we'll see. But the point is, is that someone's going to be first and of course this is interesting that this was the case. Alright further into it, let's go over here, Chili's on the move again, likely to be on the move for some time with this move right here, announcing that Animoca Brands joins Chili. Chili's as a new validator, so they aligned the blockchain innovation with Chili's Sportfi, we've talked to Chili's before, we've went around Chili's and if you don't know about Chili's check out some of our videos because we do a full breakdown. Think of it really as a blockchain for the fans of a lot of these major sports leagues and this could be everything from MMA to soccer, etc, you know, European football for those of you in Europe. And then another one I want to hit on of course, this is Yat -Su right there, starting to rev up the engines with of course Torque. We had the Torque, well rev on their team on, so we were dropping a video this week, you guys are going to not want to miss it, make sure and check it out, this is just giving you kind of a precursor. Another thing that we've got coming is an interview with the HiveMapper team and if you guys don't know about HiveMapper, this is the company that is really expanding mapping in the blockchain and what that might mean for every kind of company out there in logistics, all that. This is the utility scenario that plays into a lot of that. So just, it's a good one to watch, we're going to drop a video on that this week as well. Alright, just as an example, this of course as everybody understands, Atlas was one of the first movers out and of course that as we've seen with in terms of their amazing development as a game overall. Others to watch this week, Uniswap we're kind of keeping a close eye on, if you're watching some of our videos you'll know why, go back and look at our video a little bit more on stablecoins tokenization and around that. Other ones to keep an eye on, I want to kind of scan down in here, this is Chiliz, this is the one that we just mentioned a second ago. This is another one to keep an eye on and a handful of others, there's obviously Wild, we've talked about Wilderworld before, over, a couple others you might want to take a look at. Anyway, the point is that we're starting to see a little bit of activity in Web3 around a lot of these games and eventual platforms of what's gonna play into the future of gaming as a whole. Alright, if you guys are not part of the Diamond Circle, make sure and get in right now, it's one of the best places that you can get additional alpha from us. Couple of podcasts, Kyle has his Web3 and business podcast over there, it's a great one, listen to that one. And if you want to follow me out there on X, it's at Paul Baron, catch you next time right here on Tech Path.
BTV Simulcast
Fresh update on "the coming months" discussed on BTV Simulcast
"Get inflation back to 2%. Fed Governor Christopher Waller speaking about his take on rates as officials increasingly down the line. Joining us is Eugenia Victorino, head of Asia Strategy at SEB. Eugenia, just give us your assessment of these comments that we heard from Waller and Bowman, especially because this is the last period before they go into the quiet period, as you mentioned in your latest report. Eugenia Victorino speaking. Yes, indeed. Thank you for having me. So this is definitely adding to the expectations of the market for a cut by the Fed. But actually even before they had already spoken, there was very little to move the market in the way of adding to expectations of a hike. At least at this point, we're quite clear that the Fed will no longer hike, it's but only a question of when they will cut. And at this point, the market is really running away with the expectations that there will be a cut by the end of Q2 next year. I look at the 2 .10 spread and we kind of broke through some important technical levels. There's a chart on the terminal that tells the story. In terms of the re -pricing that is yet to come, where are we going to see most of it? Is it going to be the front end or would you say at the tail end? I would say that as far as the 10 year yield is concerned, we've already seen the peak. But considering the big move over the last two I weeks, would be very hesitant to run away with this trend. Instead, I would try to be more respectful of the current ranges because historically whenever the Fed is on steady, where we are clearly in right now, there is a tendency for the 10 year, and even the 2 year, we're going to be trading over a wide range of as much as 100 basis points. So we're now, I would say, at the bottom range at this point, so I would be very, very cautious going forward. But obviously in the coming months, I would be expecting more of a a bull steepener from here. Let's talk about currencies as well, because we were mentioning the dollar falling for a fourth day, having a pretty, its longest losing streak, I think, since October. I mean, when it comes to other currencies that could potentially benefit from this, especially in the emerging market space, I mean, what is it that you're watching out for? What could potentially see upside? Well, we're clearly quite bullish on the recovery of the yuan against the backdrop of falling U .S. yields, because at this point, it's really the U .S. yields part of the story that is driving the recovery in the risk currencies and even on as far as the impact on the euro. But as I said, the moment you have a lot of volatility in the yields, then you could actually see some stabilization or maybe even a temporary spike in dollar -Asia or maybe some pullback in euro -dollar before the ends. year And this is why we expect that the euro could actually end the year at 108 before further or before even more meaningful appreciation in 2024. You've got potentially a significant tailwind with the week of greenback going into 2024. How do you articulate a strategy that balances stocks versus bonds within the Asian realm correctly? Well, now that the ten -year yield may have already peaked, then we're only looking at the volatility from there. So as I said, 100 the basis point trading range must be respected. Until such time, there is a clear message from any of the Fed speakers that a cut is actually quite impending. But this morning, we have already been reminded that there are other central banks that are not necessarily as willing to even talk about a cut. heard And from we've RBNZ, and they're keeping that door open for another hike for 2024. Admittedly, the bar for another hike is high, but the fact is they're opening that space. You see, the risk here is if the market actually eases financial conditions for the central banks before you have a real decline of inflation the towards target, then the policy transmission may already be complete at the time when your inflation is still quite high. However, if you compare it to the monetary policy cycles in Asia, there are a lot of central banks in Asia that are unlikely to cut by 2024 simply because inflation is rising again. So I would be looking at higher yield currencies in the region in particular for more appreciation from India or possibly even Philippine peso. Yeah, Eugenia, you mentioned a of number the other central banks that you're paying close attention to. Where else do you think could potentially have an impact on your portfolio strategy heading into 2024? I would be expecting actually that in China we would be seeing further recovery from Of there. course, we cannot completely ignore the fact that the property sector is still underwater, but we are seeing even more improvement from the other parts of the economy. More importantly, Beijing is actually easing and we are continuing to see more and more that adjustments policy from Beijing, which could actually allow us to a see bottom from the property sector there. Thank you very much for running us through some of the new ideas at SEB. Eugenia Victorino, the head of Asia Strategy there. We still more have much to come of course on Daybreak with Lisa in Africa. This is Bloomberg. Thanks for watching. Thank you. If you're an in -house counsel or in private practice, Bloomberg Law gives you the edge with the latest in AI -powered legal analytics, business insights, and workflow tools. With guidance from our experts, you'll grasp the latest trends in the legal industry, helping you achieve better results for the practice of law, the business of law, the future of law. The difference is Bloomberg Law. Learn from us. News when you want it. Get the latest headlines with Bloomberg News Now. Israel's war against Hamas militants rages on. Antony Blinken pledged unwavering U .S. support. The top stories from Bloomberg's global team of reporters at the click of a button. Apple has launched a range of upgraded iPhones.
The Bitboy Crypto Podcast
A highlight from BLACKROCK ETHEREUM ETF CONFIRMED ($10,000 Price Target)
"Could this be what allows Ethereum to finally topple Bitcoin? Is the flippening about to begin? Guys, I was just about to leave the studio today. I am literally packing up the office. There's nobody else here. And as I was leaving, we saw a massive announcement that BlackRock has officially filed to launch a company, an Ethereum trust fund in Delaware. Now, this is obviously sending markets crazy right now. Ethereum was up like over 12 % when I just checked on CoinMarketCap. And the altcoins are also rallying it with this. And this is because if you don't remember when Bitcoin had its first ETF filed by BlackRock earlier this year, they did the same exact thing. They issued a fund. And about a week later, without announcing to the world, they decided to file for that spot Bitcoin ETF. Now, to me, this is kind of coming out of left field. We haven't even gotten close to the clarity on the Bitcoin spot ETF being approved. However, that hasn't stopped markets from over speculating and completely pumping prices over the 36 ,000 mark today. We had this kind of massive repulsive jump after CoinTelegraph just a few weeks ago. I decided to launch an article spreading and sparking the rumors that an ETF was just near approval. In fact, I believe their article was about an approval. So with Ethereum, this is just another, this is adding more fuel to the fire. This is more bullishness coming back into these markets and it's getting more excitement for traders to jump in. So is this the moment that Ethereum is gonna finally break away from Bitcoin? Because this is bringing in a whole new question that I don't think the industry has asked itself, which is institutions haven't nearly speculated on the price action of an Ethereum if a spot ETF were to be approved. You know, we look at Bitcoin as this digital gold and Ethereum can offer right now as it is way more in terms of real world assets, decentralized application, the defi on Ethereum alone is explosive. And now institutions are gonna be exposing this to millions of retail traders and billions upon billions of dollars. This makes a $10 ,000 Ethereum just look inevitable at this point. And what is quite possibly the biggest takeaway from all of this is the history that Ethereum has with the SEC. Financial regulators for years that are part of the SEC like Bill Hinman or Jay Clayton have declared Ethereum not to be a security. We also had the Uniswap lawsuit where the judge said that Ethereum and Bitcoin weren't securities. So could this mean that BlackRock is already expecting the feds and the SEC and the government to issue and approve a spot ETF in the coming months? I think the obvious answer is that you should be expecting the largest bull run we have ever seen. Now, will that mean that Ethereum decouples from Bitcoin? Well, we might see both these ETFs get approved which means all markets are going to be going up and you need to be paying attention to the industries that are gonna be emerging with this. All of the defi in Ethereum, the layer twos being built on top of them, the layer twos being built on top of Bitcoin. And some alpha for you guys is actually a market no one's really talking about. The competition to the United States. We have Hong Kong at the same exact time. All of these bullish announcements, it feels like news that takes place in the morning in crypto is a week old with how many news articles get released to the days right now. Hong Kong is looking to enter this game and beat BlackRock to the punch. And if they do that, this could be an Asian -based blockchains whether it's a Conflux or anything which is essentially called the Chinese Ethereum, a Filecoin, Neo, VeChain, all of the Asian -based projects could be seeing a significant volume themselves and mean we see a lot more price action coming into altcoins. So make sure that you guys strap in and turn on those post notifications. And again, let me know in the comments what videos you wanna see on altcoins because this next season is going to be so explosive that it's not gonna leave us in the position where like last run, when you got all of your friends and families in the crypto and you go back on Thanksgiving and they go, man, how's that thing going? They're all gonna be screaming and asking why they didn't listen to you in the first place. We are in a bull run.
Ethereum Daily
A highlight from Coinbase Verifications Powered By EAS
"Welcome to your Ethereum news roundup, here's your latest for Thursday November 9th, 2023. Coinbase rolls out EAS -powered attestations, Circle announces the USDC version 2 .2 upgrade, Cal protocol introduces programmatic orders, and core developers plan for additional testnet shadow forks for Dankoon. All this and more starts right now. Ethereum is up 11 % over the last 24 hours, currently trading at $2 ,121 at the time of recording. Coinbase introduced Coinbase Verifications, a feature that leverages the Ethereum attestation service to enable Coinbase users to issue attestations. By linking their Ethereum wallet to Coinbase, users can sign a gasless message that attests to ownership of a verified Coinbase account and their country of residence. Coinbase published verified account and country of residence schemas accessible on the base quarterly testnet and on base mainnet. Coinbase also set up contracts for managing the storage and indexing of attestations. Coinbase verified attestations can be integrated into various dApps to provide SYBO resistance. Circle announced the version 2 .2 upgrade for its USDC and EUROC stablecoins, aiming to cut CAS costs by 3 -7 % and enhance account abstraction capabilities. Additionally, the update will rebrand the EUROC token to EUROC. The upgrade also introduces support for EIP -1271, a standard that allows smart contracts to verify signatures. It allows developers to build products that leverage account abstraction, such as allowing USDC and EUROC to be used for gas fee payments. The upgrade is also backwards compatible. The upgrade will be deployed across six EVM -compatible blockchains in the coming months. No action is required from developers or end users. Cal protocol introduced programmatic orders and the programmatic order framework, a new DeFi primitive that enables the creation of orders that automatically execute when preset on -chain parameters are met. Programmatic orders can facilitate perpetual automated orders with a one -time signature. Changes can also be made with a subsequent signature approval. The framework allows developers to craft complex orders or automate DAO operations with a single on -chain transaction. A watchtower relayer component ensures that orders execute when their conditions are met. Cal protocol is seeking grant requests for applications that leverage the programmatic order framework. And lastly, Ethereum core developers agreed to launch two additional Gourley shadow forks before initiating shadow forks of Ethereum mainnet for the Denkun upgrade. Shadow forks are copies of the existing chain state used for conducting tests prior to implementing updates on live testnet or mainnet environments. Earlier this week, developers successfully activated the Denkun upgrade on a shadow fork of Gourley. Upcoming forks will incorporate specifications from the most recent updates, including networking rework on the consensus layer. Developers also agreed to continue hosting Awkward Devs calls during Dev Connect and on Thanksgiving Day. In other news, Rocketpool releases its Houston upgrade roadmap. Eigenlayer announces the winners of its LSD race. And Sablir version 2 .0 goes live on Scroll mainnet. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening. We'll see you tomorrow. Bye. Bye.
Coronavirus
A highlight from Coinbase Verifications Powered By EAS
"Welcome to your Ethereum news roundup, here's your latest for Thursday November 9th, 2023. Coinbase rolls out EAS -powered attestations, Circle announces the USDC version 2 .2 upgrade, Cal protocol introduces programmatic orders, and core developers plan for additional testnet shadow forks for Dankoon. All this and more starts right now. Ethereum is up 11 % over the last 24 hours, currently trading at $2 ,121 at the time of recording. Coinbase introduced Coinbase Verifications, a feature that leverages the Ethereum attestation service to enable Coinbase users to issue attestations. By linking their Ethereum wallet to Coinbase, users can sign a gasless message that attests to ownership of a verified Coinbase account and their country of residence. Coinbase published verified account and country of residence schemas accessible on the base quarterly testnet and on base mainnet. Coinbase also set up contracts for managing the storage and indexing of attestations. Coinbase verified attestations can be integrated into various dApps to provide SYBO resistance. Circle announced the version 2 .2 upgrade for its USDC and EUROC stablecoins, aiming to cut CAS costs by 3 -7 % and enhance account abstraction capabilities. Additionally, the update will rebrand the EUROC token to EUROC. The upgrade also introduces support for EIP -1271, a standard that allows smart contracts to verify signatures. It allows developers to build products that leverage account abstraction, such as allowing USDC and EUROC to be used for gas fee payments. The upgrade is also backwards compatible. The upgrade will be deployed across six EVM -compatible blockchains in the coming months. No action is required from developers or end users. Cal protocol introduced programmatic orders and the programmatic order framework, a new DeFi primitive that enables the creation of orders that automatically execute when preset on -chain parameters are met. Programmatic orders can facilitate perpetual automated orders with a one -time signature. Changes can also be made with a subsequent signature approval. The framework allows developers to craft complex orders or automate DAO operations with a single on -chain transaction. A watchtower relayer component ensures that orders execute when their conditions are met. Cal protocol is seeking grant requests for applications that leverage the programmatic order framework. And lastly, Ethereum core developers agreed to launch two additional Gourley shadow forks before initiating shadow forks of Ethereum mainnet for the Denkun upgrade. Shadow forks are copies of the existing chain state used for conducting tests prior to implementing updates on live testnet or mainnet environments. Earlier this week, developers successfully activated the Denkun upgrade on a shadow fork of Gourley. Upcoming forks will incorporate specifications from the most recent updates, including networking rework on the consensus layer. Developers also agreed to continue hosting Awkward Devs calls during Dev Connect and on Thanksgiving Day. In other news, Rocketpool releases its Houston upgrade roadmap. Eigenlayer announces the winners of its LSD race. And Sablir version 2 .0 goes live on Scroll mainnet. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening. We'll see you tomorrow. Bye. Bye.
The Breakdown
A highlight from How Crypto Can Actually Move Past SBF
"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, November 7th, and we are back with The Breakdown. 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. All right, friends, we are back from that anniversary trip that you knew about. Very rejuvenating, excited to be back with you all. And today, although it is by now long old news to all of you, for the sake of completeness, we are going to wrap up our coverage of the SPF trial. Now, I'm going to focus on some of the logistics, what happens from here, and of course, spend most of my time on community reactions. So, on Thursday night, Sam Bankman -Fried was found guilty on all seven counts of fraud and money laundering. Sam's defense attorney maintains his innocence and says they will continue to, quote, vigorously fight the charges. After the verdict was handed down, Damian Williams, the U .S. attorney for the Southern District of New York, delivered an ominous warning on the courthouse steps. He said that although the cryptocurrency industry is new, quote, this kind of fraud, this kind of corruption is as old as time, and we have no patience for it. Williams noted that Sam's case moved at lightning speed, which he said was a choice, not a coincidence. He said that this case was a warning to quote every single fraudster out there who thinks they are untouchable, that their crimes are too complex for us to catch or that they're too powerful for us to prosecute. Williams warned that if the remaining fraudsters in the crypto industry don't cut it out, quote, I promise we'll have enough handcuffs for all of them. Now, Sam's sentencing will be carried out in a separate hearing tentatively scheduled for the 28th of March next year. Sam faces a statutory maximum sentence of 110 years in prison. However, of course, he will likely be sentenced to far less than that, as terms of imprisonment are often served concurrently across all charges rather than consecutively. Katie Haun, a crypto VC who previously tackled high profile crypto criminal trials as a federal prosecutor, explained the way that federal sentencing guidelines work in this context. As Sam's crimes surrounded one of the largest fraud schemes in history, the guidelines place him in the highest possible bracket when considering the size of losses and number of victims. His sentence will also be enhanced by his leadership role within the scheme and the sophisticated nature of the fraud. Sam maxed out the scale as a result of these factors, which means the guidelines would suggest life in prison as the appropriate sentence. Even if the judge reduces some of the factors to fit Sam into a slightly lower sentencing bracket, the guidelines would still indicate a sentence of 27 to 34 years in prison. Katie wrote that Sam faces likely decades in prison. Now, aside from sentencing, the major question that remains in the legal process is whether additional prosecutions are still to come. Long before the trial, the Justice Department added charges related to campaign financing. These were not included in last month's trial due to objections from the Bahamas government that the charges were not agreed to when Sam was extradited. During her testimony, former Alameda Research CEO Carolyn Ellison discussed bribery of Chinese officials. That evidence would implicate Sam in breaches of the Foreign Corrupt Practices Act. With Sam now convicted of fraud, it's an open question whether the DOJ feels the need to pursue additional charges or is satisfied with the prosecution already carried out. There is a second trial tentatively scheduled in March of next year to deal with the campaign finance charge and other allegations from the revised indictment. Over the coming months, the DOJ is expected to inform the court whether they intend to proceed with extra charges, which will be unlikely to result in additional prison time for Sam. The political sensitivity, however, of the campaign finance charge could complicate that decision. The other question is whether additional people involved in managing FTX will be charged. The three executives who testified against Sam will be sentenced alongside him in March after pleading guilty. And although he was mentioned several times during the trial and implicated in decision -making at Alameda Research, we still have no real insight into why former Alameda CEO Sam Trabuco has not been charged. Similarly, significant testimony seemed to imply that the conduct of Sam's parents could rise to the level of criminal liability. Now when it comes to reactions from the crypto community, one of the big themes was a sense of relief. Crypto researcher Noelle Acheson said the verdict came as a huge relief. While it looked increasingly likely as the trial wore on, there was always the outside chance that SPF would yet again embarrass the industry by showing that crypto fraud can be hard to prosecute. That didn't happen. And the swift and unanimous decision from the jury definitively shows that fraud is accountable. The closure of the SPF phase should help to show the next wave of investors that crypto markets can be grown up. And hopefully now we can get back to building the capital market infrastructure the ecosystem deserves. Paul Brody, the head of blockchain at EY said, it's a wonderful moment for crypto. Accountability in the sense that bad actors will be punished is important, not just for deterring bad actors, but to give confidence to those who are operating with integrity. However, another reaction was that prosecutors are likely to be even more emboldened. Preston Byrne, a partner at Brown Rednick said, I would not read too much into the SPF trial result as a forward looking matter. What's done is done. SPF is off the board as a major player in crypto, probably for the rest of his working life. What this is, is a significant and decisive victory for the US attorney's office in the SDNY, convincing a jury that fraud is fraud, even in a context where complex novel technology is involved. I would expect that the USAO has a lot more confidence today than they did yesterday that they can win other big cases against bad actors in crypto. Now at this point, it's worth noting to me that one of the things that I was watching is whether the idea that this was the crypto industry on trial would actually take root. In other words, would this be characterized as the trial of SPF or as the trial of the crypto industry as a whole? In my estimation, it was much more, much more about SPF. Part of that was that the prosecutors were pretty clear about that. And indeed that speech at the end of it all from Damian Williams really drove it home. Yes, he was warning others in the crypto industry that if they were rotten, he was coming after them. But his bigger point was that fraud was fraud, regardless of what context it was in, and whether or not it used novel technology like cryptocurrency. In other words, the prosecution made a specific decision, presumably rooted in actual belief that the Sam Bankman Freed trial was a trial of Sam Bankman Freed. Now one really interesting conversation that has generated a lot of discussion is what the appropriate sentence for Sam actually is. Unchained podcast host Laura Shin wrote, I see a lot of people debating how long a sentence SPF should get. Curious to take the temperature. Also curious to hear if you think sentences are too short or long in general and sentences for white collar crime, financial crime, et cetera. Now of the choices she gave, which were one to nine years, 10 to 19 years, 20 to 29 years and 30 plus years, 30 plus years got 58 .6 % of the vote. Laura then noted that she had misjudged how many people think this will be a long sentence and revised her post. For that new poll, her options were one to 14 years, 15 to 29 years, 30 to 44 years and 45 years to life, 45 to life got the most votes at 44 .1%. Now if that shows the general mood of crypto is particularly vitriolic towards Sam. There were some who said that his sentence should not be that long. Tiffany Fong wrote, I bet this will be my most hated post, but I personally do not root for life sentences or equivalent for nonviolent criminals. I lost my life savings to Celsius last year and obviously punishment is necessary, but I care far more about every penny getting clawed back to creditors and that they're forever barred from financial institutions. I don't personally benefit from or take pleasure in the prospect of SPF or Mashinsky sitting in prison for life. I'm sure this post will enrage people and agree to disagree, but that's just how I feel. ProPublica senior editor Jesse Eisinger said, SPF should not get 110 years. I'd say around five to seven reiterating my longstanding position that one, we should put fewer people in prison generally, two, but send more white collar criminals to prison with far shorter sentences, four, prison should be much, much more humane. Now this one generated a lot of response. DC investor wrote, understand that SPF caused serious financial harm and serious emotional harm. His fraud and his theft of user funds who believed they were being held as sacrosanct led to suicides. Five to seven years isn't nearly enough. He deserves at least 30. Eric David Paul from block tower put it a different way. He said, if the punishment for stealing 10 billion plus by defrauding hundreds of thousands of laypeople was five years in prison, it would be rational for most people in the world to commit the crime and the head of people like SPF. This is probability. They say X percent chance they get away with it. Y percent they don't. If they think 80 % they walk away with 10 billion and 20 % they go to jail for five years and keep nothing. It's a good trade. David Z Morris wrote, he won't get 110. That was never really on the table. And I understand the empathy, but based on the trial, he fully deserves 25 to 50. He has a callous manipulator who straight forwardly did not believe the law applied to him and still doesn't. He lied under oath repeatedly. DC investor followed up in another thread, give him only five years and O 'Leary just funds his next startup. You either create consequences and thus a disincentive for bad actors or none of it even matters.
Tech Path Crypto
A highlight from Cardano Summit Was Embarrassing Full Recap_01
"All right, so you guys asked for continued updates on a lot of these projects out there. Cardano is one that we're going to be doing today on their full summit and a breakdown of everything Charles was releasing, give you guys a full array of clips, much like what we did for the Breakpoint deal for sure. We'll just get started. I think you guys are going to love it. My name is Paul Baron. We'll come back in the Tech Path. All right, let's start off with a tweet. This came over from our friends at Digital Asset News for Ghostchain. They sure can throw a party. And of course, right there it is, man. If you look at what's happening at the summit, I've got some photos. One thing is for sure, this is a fantastic location. I love that over the water. Look at the size of this audience right here. These guys really did a good job there. Not bad. There's a lot of people there too. So very, very interesting to watch, you know, in the sense of seeing the clips kind of come together. Just to give you guys an update where Cardano has been here recently, this is the one -month chart right now, 35 % up on the one -month chart. Now, I want to get in on this first clip. This is Charles talking a little bit over about what has been going on over the past seven years. Let's jump to that clip. Welcome to Dubai. Oh, come on, that's not passionate. We had a great vision. We had kind of three principles here. Scalability. We cared a lot about it. Second, we had this concept of governance. And the third idea was interoperability. So if you think about what we've achieved over the last seven years, all these billions of transactions, millions of currencies, NFTs and other things issued on chain, hundreds of dapps, we have all these cool things that are either being incubated or already reached main net. So there's people from the Hydra project here to allow us to scale. We have roll -ups, all kinds of cool zero -knowledge structures, things like that. And when you look at this whole thing, you say to yourself, over the coming months and years, we're going to be all right, we're going to be okay. All right, so I want to jump to this next clip. This kind of jumps into a little bit about Hydra itself because he was kind of focusing in on that one. Let's take a look. There are a few people over the internets who are claiming that there's a great degree of dishonesty for myself in particular, but others in our organization about the throughput of Hydra. Three years have passed. We've all learned lots of things. So what does a thousand TPS mean? Would make sense in a video game. It would make sense in micro tipping. It makes sense for a variety of off -chain applications, but that's not where Cardano's at. So what happened over a three -year period is that Hydra pivoted a little bit and it pivoted into let's build some middleware. People kept trying to advertise in 2000, we have this many TPS and we have this many TPS. What we were trying to say is that's not how these systems work in practice, but we're also looking at roll -ups as an ecosystem, sidechains as an ecosystem, and yes, evolutions of Hydra because you don't have a channel that's running, I guess, spam transactions a thousand per second. Obviously, that's a failed project. Okay. Well, who needs that? Where's that going to come from? What use case is currently in the system that requires that level of throughput? So when people run around and say Hydra has failed, we lied about Hydra, there's no way to achieve any of these performance claims that are said, well, then what they're really doing is they're taking the hard work of dozens of people and everybody building on it and they're saying it just doesn't exist. There are almost 200 papers behind Cardano, a massive ecosystem of researchers and engineers. Were they all just wasting their time? Were all of them just doing nothing? Bitcoin would die to have what we have. And frankly, Ethereum is chasing it and they can't get there because of poor design decisions with the EVM and the account model. It's very easy through sidechains for us to borrow what they have. It's a lot harder for them to get what we have. Again, TPS, yes, I believe it does matter. It's going to be the ultimate game, I think, across all blockchain because at some point we are going to get into a scenario where transactions per second will be the most critical asset that any chain is going to represent. And we've already seen some scenarios of other chains out there that have been able to accelerate past that significant. I don't know if I would consider Hydra a failure, but would you? Would you look at Hydra and say, okay, it just isn't where they thought it was going to go. They talked about it. It did have to change. I'd love to get you guys' feedback. Let's go into this next clip, which is more around the governance of Cardano. Listen in. This year, a huge amount has been done with SIP 1694. It'll get done in one way or another. Might not look exactly the way that everybody thought. Might look that way. The point is that just like scalability, it's no longer a question of can we do this. We'll figure out a way to get good on -chain governance. Turns out that the things around cryptocurrencies are incredibly hard. There's a lot of moving pieces to them. And they're talking a lot about the roadmap of Cardano. So things like the budget, what ought we spend money on to be approved by the government of Cardano? If you want to speed it up, are you okay with spending another $10 million? Maybe five, two and a half, split the difference. Y 'all want Circle support, maybe we pay them. There's lots of stuff there, a lot of moving pieces there. It's complicated stuff. This is Cardano. This is one of the OGs in terms of the crypto space. In fact, probably should be one of the most advanced chains out there overall in terms of collaborations, partnerships. All those things should be well on their way, much like what we've seen with some of these younger chains. If you look at Solana or even Avalanche, both of which have been able to accelerate in their respective areas of interest, I should say. And then obviously the growth of Ethereum, it's not even a comparison. But I think the key here is you have to achieve it and you do have to integrate these kinds of collabs and or these integrations where this stuff starts to expand. And it does get the community on board. I think people would jump on board and maybe I'm wrong on that. Let me know if you guys think that. There's another clip out here that I want to go to. This is a Twitter space example of the community itself and what they were thinking about the current state of Cardano. Listen in. One thing inherently has been a curse for Cardano is our marketing capabilities. Like they're not interested in coming over here because every time I look on my Twitter feed, I see you shooting shots at somebody, so I'm like, goddamn, how is this supposed to work? Well, you know, I feel your pain, man. I really do. And then to have people say we're just a wallet and just to babble like incoherent idiots on Twitter and these other places and reduce it to like a Cardano versus Ethereum, dude, we're not competing with Ethereum. We're not competing with any of these things. We changed the entire game. Cardano is playing a completely different game. All right. So again, back to Charles, I would love to learn what the game is that they are playing because I feel like that most of the initiatives out there within blockchain are fairly clear. Yes, there's been a lot of things that Cardano has put out there that they've been able to achieve to a certain level, but there's also been a lot that they have not been able to get to. So it's kind of an interesting situation. And they're a community member kind of talking about we need to kind of ramp up the front facing side of Cardano. This next clip goes into interoperability. This seems to be one of the biggest things. But back to that clip was that they are. There's also always so much, I would say, discussion coming from Charles, in many cases knocking these other chains. I'm kind of curious if interoperability is impossible. Listen in. And this is really the core of what I'm talking about today is this idea of interoperability. This is something we don't talk too much about and we ought to. Interoperability is the difference between living on an island and living in a world. Interoperability is the difference between your software working and your software not working. We said, hey, this is a problem. We need to solve that. So we saved the best for last. Now let's solve interoperability. Let's teach the rest of the space how to do that well. What else did we do? We looked at Cosmos. We had a whole team of people doing diligence there. And we said, you know, if we take all these guys here, these things, Fabric, Mamba, the EVM stuff, the Yella stuff, if we really squint our eyes and think deeply about it, maybe just maybe we start pulling some things together. And you know what I said? It would be really cool to have a flagship product, something very special and very unique to showcase the power of that type of system. And we call it midnight.
HASHR8
A highlight from Bidens AI Executive Order, Core Scientifics Exiting Chapter 11 and Tethers $600M Loan
"Welcome back to the mining pod. We got a great news roundup. Actually, a lot of stuff happened in Bitcoin mining this week, so we have much to get into. The shows have been getting slightly longer. We apologize for that. I think it's because we really like Bitcoin mining, so we just ended up talking about it a lot. As always, Charlie and Matt are joining me today. We'll get into the news in just a moment, but first a word from our sponsors. Did you know that you can make more money by merge mining other networks? Check out makemoremoneymining .com for information on BIPs 300 and 301, a proposal to bring more revenue to Bitcoin miners through sidechains and merge mining, called drivechains. Increase your mining revenues and learn more about participating in Bitcoin governance by visiting makemoremoneymining .com. Are you a miner who wants to activate Bitcoin improvements? Check out activation .watch. See what Bitcoin improvements the Bitcoin community, developers, and miners are considering, and show support by signaling from one of many BIPs up for consideration. Activation .watch. Is your mining operation happening ready? Take control of your own future with the right energy strategy. Lyncoin Energy Trading Platform is a tool used by miners to design, monitor, and seamlessly orchestrate sophisticated energy strategies within electricity markets such as ERCOT, New York, and PJM. Avoid penalties, participate in demand response programs, and capture hundreds of thousands of dollars per megawatt per year by deploying the right block and index strategy. Secure your competitive edge at lyncoin .com. Are you a retail or institutional investor interested in Bitcoin mining companies? The Miner Mag brings you free data and analysis from all major Nasdaq -listed Bitcoin mining operations to know who stands out. Check out visualized metrics and data -dependent stories at theminermag .com. Hey, MiningPod. I'm Lee Bratcher, President of the Texas Blockchain Council. The Texas Blockchain Summit is now the North American Blockchain Summit. The same emphasis on policy, energy, and Bitcoin mining, but now expanded by working with our partners across the country. We've got great sponsors lined up like Riot, Marathon, GDA, Cleanspark, BitDeer, Lanceum, Kormit, Compass, HTS, Crypto Power, Priority Power, Sunoda, and many more. Solidify your next deal or JV or just come for the networking on November 15th through 17th in Fort Worth, Texas for the third annual North American Blockchain Summit. We'll see you there. Okay, welcome back to the show. On the docket, four different topics this week. First, we're going to start off with a little sidebar from Michael Saylor talking about Bitcoin miners dumping on the market. We'll get a little video here in a second, some responses to that. Then we're going to go into the meat of today's conversation. Biden administration putting out an executive order around AI and compute, then moving over to Core Scientific and its notice to move out of Chapter 11 in the coming months, and finishing off with Tether and its recent unsecured loan to Northern Data. So I'll first throw this video up on the screen. Let's take a listen now. Michael, Bob Pisani here. Bitcoin is going to be having a halving next year. That's a rare event. Can you sort of educate the viewers on what happens when that occurs and what, if any, effect that'll have on Bitcoin's price? Well, most of the natural sellers of Bitcoin in the market right now are Bitcoin miners, and they have to sell to pay their electricity bill and their capital cost and retire their debt. That's about a billion dollars a month's worth of selling into the market. The protocol forces that to be cut in half as of about next April, late April. So you're going to see $12 billion of natural selling per year converted into $6 billion of natural selling a year, at the same time as things like Spot, Bitcoin, ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. Demand's going to increase, supply is going to contract, and this is fairly unprecedented in the history of Wall Street. All right, I'll start off with this one. Yes, please do. Okay, so his assumption is that every coin that is mined is going to be sold basically immediately by a miner. Where I agree with him is that miners are natural market participants, and they are natural sellers in some degree in the sense that that is how they receive their revenue through mining, earning Bitcoin, and then they do have operational costs that they have to pay. But as we've seen clearly by public miners, right, in a very public fashion, people hold Bitcoin. Miners particularly hold Bitcoin in our long Bitcoin. He also makes it sound like this is a kind of a lot of spot market sell volume, when he said about a billion a month, which that's the upper bound. Where daily spot Bitcoin market volume is like this year, I would say average probably five to seven billion a day, right? And that's probably on a subset of exchanges, not globally. So we're talking about a pretty small market impact with not necessarily right numbers. Not to completely call them out, but I don't know, Charlie, what do you guys think? He can call them out. I'll echo what you said, Matt. I mean, miners are a natural seller of Bitcoin to cover opex. And this has kind of been a part of the conversation. Are miners the primary seller? Are they kind of the primary driver of this selling pressure in the market? If we back test it, if we look at real numbers, it's pretty clear they're not the primary driver. They're not the main seller of Bitcoin that happens kind of for other market reasons and other market participants. So I think it's actually pretty well understood of a phenomenon now or kind of mechanic in the market where I would say sailors kind of wrong characterizing it like this is not entirely wrong talking about the other things such as issuance and supply and demand ramping up. But as far as like sell pressure, I think that's a mischaracterization. Yeah, so I saw this video this morning on my feed, and I got a little annoyed because I do think like there's a lot of misinformation around Bitcoin selling into the market. I think it's just like the easy swing to take at people. And he does have like a lot of broad strokes answers within the CNBC interview. And I understand why he's talking to like a boomer market. They're not necessarily going to get it. They can understand that there's these miners and they sell. So that's why they like make everything so abstract. That being said, a billion dollars a month is not what we're seeing. So I looked at two metrics, just to sort of understand how miners are selling right now. One being this one from CoinMetrics, which takes a look at the one hop addresses, which would probably be Bitcoin miners. That's the best we can kind of guess. And how often they are selling based on what is their supply? Is their supply decreasing over a certain time period? And from August to October, it decreased by about a billion dollars USD over like a 60 to 90 day period you can see here on the screen. But it's actually rebounding right now. So that means miners are probably holding more. The second metric we looked at was the percentage of cells or the amount of Bitcoin sold by public miners. So we have that information from their statements they put out every month, and we have about 20 of these public miners. And they put out how many Bitcoin they sell every single month. And I just went back and looked at the last month that we have numbers for in September. And above 15 public miners took a look at, they sold about 165 million dollars worth of Bitcoin over that time period. And that's possibly like between 20 and 25 percent of network cash rate. So to get to Michael Saylor's number of one billion dollars sold per month, you'd have to assume that all these other Bitcoin miners are also dumping on the market and they're also dumping on like a price point that would push it towards a one billion dollar volume. It just seems like a little nonsensical to me. And then the other thing I wanted to mention was he talks about like this cell pressure is always there when it's not. You can look at this chart right here. You can see like Bitcoin miners are typically accumulating. They're not really selling. A lot of the miners we've tracked over the last year or so have been accumulating. It's only been the last few months that they're selling and they're really only selling their production. They're not selling their treasuries. They typically have very large totals. But we've probably beaten that subject to death unless Matt, you have a follow up? I was just going to say if what Saylor was saying is true, that chart would be a flat line, right? Because it's a cumulative amount held by the addresses. But very different, yes. Well, actually, you should you should relay that it's in dollar terms. You should relay the Bitcoin price over the chart. But you can see on that chart that in May 2020, it was going up, right? So when the previous halving hit, actually the amount held by miners was increasing as coins were being issued at one half the rate. Maybe that'll happen again. I do like starting off an episode with a modest Saylor pushback. So a modest proposal for Saylor. That's okay. He bought more Bitcoin this week. So I guess we'll take it. Well, we'll appreciate what he did. Let's go over to another video clip. The Biden administration this week put out an executive order relating to general compute and AI, essentially stating that if you're over a certain size of compute, then you need to register with the national government so they can keep an eye on you. Very interesting executive order that made a lot of people in the tech industry unhappy. I saw Marc Andreessen tweeting about this. I saw numerous people tweeting about this in the tech industry, saying you can pry this GPU out of my cold, dead hands is basically the tagline. Now for the gist of it, I do want to get into it in a second. It does seem like the regulations are such a high hurdle or threshold at this point that's not really going to affect the industry. It's like a forward -looking regulation. But it is somewhat concerning. Before we go into that, I do want to show this clip from Sam Altman, the CEO of OpenAI. He testified in May to Congress about the need for regulation in AI. And to me, this is sort of where the whole story begins. So I get this video first before we dive into anything else. But it is absolutely true that the number of companies that can train the true frontier models is going to be small just because of the resources required. And so I think there needs to be incredible scrutiny on us and our competitors. I think there is a rich and exciting industry happening of incredibly good research and new startups that are not just using our models, but creating their own. And I think it's important to make sure that whatever regulatory stuff happens, whatever new agencies may or may not happen, we preserve that fire. Charlie, I'll hand it over to you to get your take on it. This pissed off a lot of people in the tech industry, as I think it should. But where do you think you draw the line for regulation? Dude, I'm really not that qualified to talk about regulation on AI. I think this should be a careful scrutinized industry, but I don't know how we should scrutinize it. Sam Altman tends to be a divisive figure and kind of rubs me the wrong way as far as like how much trust him to be the figurehead for this new frontier, as he says, but I really don't have a strong take on this. I'll throw it over to Matt. I will give my consumer's perspective, but I guess like Sam Altman is, and that's the first time I've seen that clip, but he's like in a line of these notorious tech founders, Zuckerberg, Elon, coming to Congress and saying, we are open, please regulate our industry. I can't help but think, of course they want that. It just gives them a bigger moat if there's more regulatory capture, if there's more licenses that need to be done that restricts open competition. My worry is that in the AI industry particularly, if there is a higher barrier to compete, that when we interact with AI, there will be kind of a standard truth among them that spits out a lot of very plausible, believable answers, but if you've interacted with any of the earlier large language models of today, they can be very believable, but they can also be incorrect if you are asking them about things that you yourself are a subject matter expert on. I think open competition is a very good thing in the sense that other perspectives or more truths can be relayed to you from interacting with AI. That was a bit of a rant, but the general sense is that open competition, I think, is pretty important in the AI space, especially with how big people are forecasting it will become. I went to see the Oracle of All Truth, which has read it to better understand this executive order, and the executive order said, quote, any model trained with over 280 million H100 hours, H100 being a model of GPU, or any cluster with 10 to 20 FLOPS, which is 50 ,000 H100s, so it gave this very generalistic metric for understanding what is going to be regulated by the government or must be regulated by the government, and for most people, it's like, I have no idea what that is, but according to Reddit, the idea here is that this is a very, very high threshold. Only a few companies would be able to do this. The Microsofts, meet that threshold at this point, but that does give the government the ability to start incrementally regulating this industry as it gets going and off the ground, very much in the same way that they tried to do this with early compute in the 70s and 80s. They tried to do with cryptography in the 90s. Typically, all these things fail over time, but it does present a large hurdle and or does create monopolies within the new tech sector. I'll say it seems ridiculous to me to define an amount of compute at the legal or at the structural level. This is the fastest moving industry, so by the time this becomes enshrined into law or policy, then we will already have been Moore's law 18 months, doubled the amount of compute or whatever. It seems crazy to me to define it like that. I have not had a lot of faith in our regulators to tech understand at a level well enough to regulate it, so I'm not super optimistic that we'll know what we're doing this time around.
Ethereum Daily
A highlight from Kelp DAO Introduces rsETH Liquid Restaking
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, November 1st, 2023. KelpDAO introduces RSEth Liquid Restaking, Pythe Network announces its Pythe token airdrop, Eigenlayer begins its LST race, and Rarible introduces Marketplace as a service. All this and more starts right now. KelpDAO, a collective focused on maximizing rewards from staked assets, has introduced RSEth, a liquid restaked token which can be minted against LSTs approved as collateral on Eigenlayer. Restaking permits Ethereum validators to allocate their staked ETH to secondary services in exchange for earned rewards. Liquid restaking increases the liquidity of staked assets. RSEth enables fractional ownership of the restaked asset, simplifies access to restaking, and fosters deeper integrations with DeFi. RSEth is currently on testnet, KelpDAO plans to complete security audits and form key partnerships ahead of a mainnet launch. Pythe Network, a provider of off -chain price feed oracles, unveiled its native Pythe token alongside a retrospective airdrop. Users eligible for the airdrop include those who used any application that uses Pythe data across any of the 27 supported blockchains. The applications themselves will also be granted an allocation of the airdrop. Out of the 10 billion Pythe tokens supply, 6 % is allocated for the airdrop campaign, benefiting 75 ,000 eligible addresses. The Pythe token is not yet live and the date for claiming is yet to be announced. Pythe Network aims to stimulate governance participation to transition the network towards a decentralized and permissionless state. Voting for the Eigenlayer liquid staking token contest is now open. To be listed as a collateral type on Eigenlayer, LSTs must reach a minimum of 15 ,000 ETH in community votes. Eigenlayer will then integrate eligible LSTs sequentially over the coming months. LSTs with the highest vote counts will be prioritized for integration. Users who held LSTs at the snapshot date can vote in the contest. The voting power each user possesses corresponds to the USD value of the LSTs held during the snapshot date, with each dollar equating to one vote. Voting will remain open for a duration of 7 days, ending on November 8th at 12pm EST. And lastly, aggregated NFT marketplace Rarible introduced RaribleX, a marketplace -as -a -service platform for launching custom NFT marketplaces. Rarible anticipates that the next market cycle will extend NFT use cases beyond profile pictures requiring tailored user experiences. RaribleX allows paying users to deploy custom front -ends, access marketplace insights, and multi -chain support. In other news, Lominoes releases a base RPC, Modulus raises a $6 .3 million seed round, and Catalyst integrates Cosmos to Ethereum cross roll -up swaps. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Kelp DAO Introduces rsETH Liquid Restaking
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, November 1st, 2023. KelpDAO introduces RSEth Liquid Restaking, Pythe Network announces its Pythe token airdrop, Eigenlayer begins its LST race, and Rarible introduces Marketplace as a service. All this and more starts right now. KelpDAO, a collective focused on maximizing rewards from staked assets, has introduced RSEth, a liquid restaked token which can be minted against LSTs approved as collateral on Eigenlayer. Restaking permits Ethereum validators to allocate their staked ETH to secondary services in exchange for earned rewards. Liquid restaking increases the liquidity of staked assets. RSEth enables fractional ownership of the restaked asset, simplifies access to restaking, and fosters deeper integrations with DeFi. RSEth is currently on testnet, KelpDAO plans to complete security audits and form key partnerships ahead of a mainnet launch. Pythe Network, a provider of off -chain price feed oracles, unveiled its native Pythe token alongside a retrospective airdrop. Users eligible for the airdrop include those who used any application that uses Pythe data across any of the 27 supported blockchains. The applications themselves will also be granted an allocation of the airdrop. Out of the 10 billion Pythe tokens supply, 6 % is allocated for the airdrop campaign, benefiting 75 ,000 eligible addresses. The Pythe token is not yet live and the date for claiming is yet to be announced. Pythe Network aims to stimulate governance participation to transition the network towards a decentralized and permissionless state. Voting for the Eigenlayer liquid staking token contest is now open. To be listed as a collateral type on Eigenlayer, LSTs must reach a minimum of 15 ,000 ETH in community votes. Eigenlayer will then integrate eligible LSTs sequentially over the coming months. LSTs with the highest vote counts will be prioritized for integration. Users who held LSTs at the snapshot date can vote in the contest. The voting power each user possesses corresponds to the USD value of the LSTs held during the snapshot date, with each dollar equating to one vote. Voting will remain open for a duration of 7 days, ending on November 8th at 12pm EST. And lastly, aggregated NFT marketplace Rarible introduced RaribleX, a marketplace -as -a -service platform for launching custom NFT marketplaces. Rarible anticipates that the next market cycle will extend NFT use cases beyond profile pictures requiring tailored user experiences. RaribleX allows paying users to deploy custom front -ends, access marketplace insights, and multi -chain support. In other news, Lominoes releases a base RPC, Modulus raises a $6 .3 million seed round, and Catalyst integrates Cosmos to Ethereum cross roll -up swaps. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1447: Max Keiser: Bitcoin will reach $10,000,000 per coin
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and this just in, there are now nearly 40 million Bitcoin addresses in profit, which is a new record. So congratulations and shout out to my long term hodlers. Also in today's show, as I shared, the Bitcoin white paper turns 15 years old today as Satoshi Nakamoto's legacy lives on. Let's go. Also in today's show, crypto asset manager Valkyrie amends their spot Bitcoin ETF filing. I'll be breaking down this latest update, as well as a Bitcoin rally to $50 ,000 per coin is now on the cards as the Bitcoin bull market arrives. According to top crypto analysts, I'll be sharing his timeline. Also in today's show, Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and price predictions and warns of suicide bankers that will destroy the world. Not only that, but Max Keiser gives Alex Jones a simple, very simple five question Bitcoin quiz for 10 ,000 Bitcoin worth $350 million in today's terms. I'll be breaking all this down for you. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at Cryptonewsalerts .net. Again, that's crypto news alerts dot net. Welcome, everyone, to podcast episode number fourteen hundred and forty seven of the Cryptonewsalerts pod. Today is Bitcoin's birthday, October 31st, 2023. Bitcoin is 15 years old and I'm your fearless host, JV. We have lots to cover, as we always do. So let's kick it off with our market watch. As we can see, you should be able to see Bitcoin barely in the green, holding on to thirty four thousand four hundred support. We also have ether barely in the green, a little bit of boring trading sideways action. But if we check out, you know what they say, when in doubt, zoom out. Right. Let's check out the seven day coin 360. Bitcoin's now up four percent. You got XRP up nine percent. Let's zoom out a little more and check out the one month price gains. Let's freaking go. This is a testament that October in full effect, Bitcoin is up almost twenty eight percent this month. Let's freaking go. That's pretty massive. And let's not forget, we're moving into moonvember tomorrow. So do you think we're going to surpass forty thousand? I think so. In fact, if I was a betting man, I'd bet on it. Now, if we zoom out, can we even zoom out a little more? Let's see here. Well, let's switch it up. Let's go to coin market cap dot com. We can see the crypto market cap currently sits at one point two eight trillion with Bitcoin dominance at fifty two point eight percent and the ether dominance at seventeen point one percent and checking out the top one hundred crypto gainers within the top or in the past twenty four hours. We got Celestia, which I've never even heard of before. Up sixteen percent. We got XDC up six percent trading at five cents, followed by TonCoin up five percent trading at five dollars and thirty three cents and checking out crypto bubbles. We can see the top gainers for the past week. We have a mixture. Some are in the red, some are in the green. And let's zoom out. Let's check out the weekly massive gains in the green. Let's check out the monthly. Wow. Incredible. Some of these alt coins are up 50, 60, 70 percent, which is pure insanity. E -Hacks is up one hundred and forty five percent. What about the annual? Holy moly. And let's check out the market cap plus the week and we can see Bitcoin and a big bubble at three point three percent, followed by ether at two point nine percent and checking out the crypto greed and fear index. We're currently rated at sixty six, which is greed. Yesterday, a sixty eight. Last week is sixty six and last month a forty eight, which is neutral. So there you have it, fam. Yeah. So let's kick it off with our Bitcoin technical analysis. Check out the charts with the Bitcoin price action is likely to go next. Here we go. Bitcoin's price trying to push towards the coveted thirty five thousand level. The current high for the year is thirty five thousand two hundred, but has so far been unable to progress. The rest of the crypto market seems to continue with its consolidation, with some of the alts performing better than others. So let's start with Bitcoin here. The Bitcoin price was trading above thirty four G's and seemingly pushing for the thirty five level. And right now we're right in between those two marks. Today, the price remains above thirty four, roughly thirty four five at the time of the live, but is unable to reach the coveted resistance level and is currently at a loss, but barely. We're, you know, kind of tinkering. And liquidation data is also interesting to monitor. According to Coin Glass, the total liquidations for the past twenty four hours are just short of one hundred million bucks. Most of these were long positions accounting for sixty three percent of the total. This shows that the bears were more dominant over the period. Now, the majority of the liquidations, as always, happened on Binance, which is the largest crypto exchange in the world, followed by OKEx and Bybit. And I'm curious, what's your go to recommended crypto exchange? Do you use Binance? Do you use OKEx? Do you use Bybit? Do you use Coinbase? Do you use Kraken? Let me know, fam. And let's now check out some of the technicals specifically for Bitcoin. Right now, as you can see, the oscillators on the left, we have three cell signals. We have seven neutral and one buy signal. And that one buy signal is the MACD, which you can see here on your screen. Now, if we scroll to the right a little bit, we can see for the summary, there's currently eight neutral signals. There's four cell signals and 14 buy signals, which is definitely a bullish indicator. And for the moving averages, which may be cut off on your screen, but I can read it to you. It shows you sell signals, only one neutral, only one. And we have freakin 13 buy signals right now. The market is ripe and ready for continuation of some momentum. So let's freakin go. Now, let's break down our next story of the day and discuss some technicals, which are definitely bullish for Bitcoin. As you can see here, there are now nearly 40 million addresses in profit. If you're one of those 40 million Bitcoin addresses in profit, make some noise in that live chat and let's freakin celebrate. I mean, that's a massive victory, to say the least. Bitcoin has more wallet addresses and profit than ever before. Despite Bitcoin's price being 50 percent below the all time highs. That's right. Right now, you can buy Bitcoin two for one special, but it's not going to last for long. So seize the moment, fam. The latest data is from on chain analytics from Glassnode showing a record number of addresses in the black. Bitcoin may be nearing 18 month highs, but its recent gains were already enough to spark the significant changes in investor profitability. Shout out to relaxing and meditation music. I the appreciate ten dollar super chat. Much love, much respect. Keep it coming. Let's go. Per Glassnode data, the number of addresses in profit as of October 30th was thirty nine point one million. This is the highest number ever recorded for the Bitcoin users and beats the previous peak of thirty eight point one million seen back in November of twenty twenty one. And does this date ring a bell? That's at the time we hit the all time high of sixty nine thousand. Now, at the time, Bitcoin itself traded at those all time highs and thus 100 percent of the addresses in existence with a non -zero balance were obviously in profit. And while the current spot price remains 50 percent lower than those levels, the total non -zero addresses now number forty eight point three million, as you can see here in this chart. And it's just likely to continue soaring and rising. Bitcoiners taking over the world. Yeah, I mean, in percentage terms and profit addresses, they have yet to match their performance in absolute numbers, but nonetheless, at 18 month highs of eighty one point one percent. Let's go. The tally has gone from 60 percent to over 80 percent over the past two months, as Glassnode shares here in the chart. And by contrast, addresses at a loss currently stand at just over nine million at their peak in December of twenty twenty two. Following the FTX meltdown, the total was over 20 million. Now, as reported, the past week has seen the Bitcoin price action pass multiple resistance levels while returning both the long term and short term hodlers back to profit. This in turn sparked profit taken at the much more speculative end of the hodler spectrum, especially as the market passed thirty four G's. Now for crypto analyst Van Stratton, research and data analyst at Crypto Insights Crypto Slate. This underscores the difference in mentality between the cohorts, quoting him here. Bitcoin has shown remarkable strength above thirty four thousand for the past five days while witnessing one of the strongest profit takings in the past two years for the short term hodlers. Now, long term hodlers have barely budged the six largest profit taking this year, but minimal in the grand scheme of things and accompanying the charts from Glassnode tracked these inflows to the exchanges from the long term hodlers and in profit to the short term entities as outlined here in these charts. Now, let's break down the 15 year birthday, the 15 year anniversary of Bitcoin. I mean, this is phenomenal that Bitcoin has been in existence for 15 years. Imagine if you would have knew about Bitcoin back on October 31st, 2008. Talk about a small circle. But yeah, today marks 15 years since the synonymous creator of Bitcoin, the one and only Satoshi Nakamoto, who Alex Jones claims Max Kaiser is maybe because Max holds as much Bitcoin as Satoshi. Who knows? But anyways, shared the Bitcoin white paper to the mailing list of cryptographers on October 31st, 2008. This was after the financial collapse, fam, and a date also annually celebrated as Halloween, quoting the the white paper here. I have been working on a new electronic cash system that is fully peer to peer with no trusted third party, as Satoshi famously said in the opening sentence before linking the document titled Bitcoin, a peer to peer electronic cash system. Holy moly. I mean, again, this is legendary. This is history in the making. You're witnessing firsthand the white paper proposed the decentralized system that could facilitate peer to peer transactions, which can solve the double spending problem often associated with digital currency in which it did. It proposed to achieve this via a network of nodes, validate and record transactions through the proof of work consensus mechanism, launching just two months later, officially on January 3rd, 2009. Satoshi's computer science breakthrough came on the back of other impressive developments in the cryptography and e -money spaces. The first reference cited the Bitcoin white paper is Wade's invention of B money, an electronic peer to peer cash system that never launched, but nonetheless played a key role in Satoshi's plans for Bitcoin and like Bitcoin B money. And I'm curious how many of you have ever heard of B money? We have all heard of B rabbit from 8 Mile, but B money, I've never heard of that one, proposed that participants in the system maintain a database of account balances, which keep track of the ownership of money. Transactions would be initiated and completed by a broadcast message to all participants, which would update the account balances of those involved in a specific transaction. In many ways, it could be seen as a precursor to the nose of the Bitcoin protocol, which keeps a record of the constantly growing blockchain. And I'm curious, how many of you run your own Bitcoin node? Let me know in that live chat. Fam, this process requires proof of work, a form of cryptographic proof in which one party proves to others that a certain amount of the specific computational effort has been expanded. Now, Satoshi implemented this into Bitcoin, citing Adam Back's invention of hash cash in 1997. Shout out to Adam Back, the creator of, I believe it's Blockstream, now, which incorporated proof of work to limit the email spam of denial of service attacks, as shared here by Crypto Leroy, the cypherpunks and fathers of Bitcoin, Hal Finney, he created the reusable proof of work. We got Adam Back, who created hash cash, Wei Dai, who created B money, David Shum, who created DigiCash. We have Nick Szabo, who created BitGold, Phil Zimmerman, who created PGP, Bram Cohen, who created BitTorrent, and Tim May, who is the crypto Antichrist Manifesto, and of course, the one and only Satoshi Nakamoto, who gets credited for the discovery of Bitcoin. Now, Bitcoin's timestamp server works by taking a hash akin to a unique serial number, a block transactions and time stamping, and when the block is added to the Bitcoin blockchain, which we all know. And as Crypto Shama points out here, also giving credit to everyone involved with some of the early developments for the technology that led to Bitcoin. So shout out to all of them, including Max Keiser. If you didn't know, Max Keiser has a patent, I believe the first one for digital currency back in the 90s. That's all on record, fam. So this is pretty amazing. Now, the genius in Satoshi was the puzzling of these pieces into a fully functional system. According to Lop, quoting him here, there is no single piece of the puzzle that I think is more important than the others. Nakamoto's genius was not any of the individual components of Bitcoin, but rather the intricate way in which they fit together and breathe life into the system. Preach. Now, mainstream media highlighted Bitcoin's increased use by criminals, which we know is nothing more than FUD. We got Senator Elizabeth Warren, also Cynthia Lummis pushing those FUD narratives, which suck. We also know Bitcoin became a legal tender in El Salvador, which was the country to adopt Bitcoin as a legal tender, which has been a game changer for their entire country. And I feel we're going to have many other nations lead in the footsteps of Bukele as well as, you know, El Salvador in adopting Bitcoin as a legal tender. So, yeah. Happy birthday, Bitcoin. I'm wishing you another successful hundred and fifty years after these 15 years. You know, the final Bitcoin is not going to be mine, I believe, until the year 2140. Crack me if I'm wrong, but that's a very long time from now. Now, let's break down our next story of the day. Valkyrie updated their ETF filing. We all know right now all eyes on spot ETF. So let's break down this latest development. Digital asset manager Valkyrie Investments, the latest firm to amend its spot Bitcoin ETF filing with the US SEC Valkyrie filed the updated spot Bitcoin ETF with the US SEC October 30th, which is yesterday, according to the SEC database. Now check it. The updated form as one registration statement from Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares represent units of fractional, undivided beneficial interest and ownership of the trust and are expected to be traded under the ticker symbol BRRR, just like money printer continue to go kind of cool on the Nasdaq stock market, quoting them here. The information in this prospectus is not complete and may be changed, according to Valkyrie, stating in the filing, adding the firm is not allowed to sell BRRR securities until the registration statement is officially effective. The amended filing comes about a month after the SEC delayed its decision on the Valkyrie Bitcoin Fund in late September. Meanwhile, Valkyrie's updated spot Bitcoin ETF joins at least six others recently amended spot Bitcoin ETF filings made by the following Bitwise, BlackRock, Fidelity, Grayscale, VanEck and ARK Invest. And according to online crypto ETF analysts, the ongoing Bitcoin ETF amendments can be translated as a good sign, definitely a good omen, in my opinion, of the progress and impending approvals. Valkyrie's latest spot Bitcoin ETF update is yet another evidence of movement happening behind the scenes. Bloomberg ETF analyst James Safart believes, quoting him here from X Update, Valkyrie joins the prospectus amendment train for the spot Bitcoin ETF. Things are still moving behind the scenes and following the recent amendments, at least five of the rest of the known spot Bitcoin ETF filers have not updated their filing. So expect them soon, including firms like Wisdom Tree, Invesco, Galaxy, Global X, Hashdex and Franklin Templeton. The SEC currently has a whopping eight to 10 filings at the desk of the chairman, Gary Gensler. But the million dollar question becomes, will Gary Gensler do anything about this and accept any of these spot Bitcoin ETFs? Congress is putting the pressure on Gary. He says you need to prove the spot Bitcoin ETFs immediately, with that key word being immediately. There's some deadlines that are due soon, including ARK 21. I believe it's January 10th. I personally feel we're going to get the green light from the SEC before the Bitcoin having creating the perfect storm. Let's move on to our next story of the day. We covered the ETF filing. Now let's discuss a potential $50 ,000 Bitcoin rally here incoming, according to crypto analysts, Michal Benday Pop, before I break down the latest with Max Kaiser recently on the Alex Jones show. Here we go. A widely followed crypto analyst believes Bitcoin has officially entered the bull market territory and is now primed for a rally towards $50 ,000 per coin. Send it and let's go. We got Michal Benday Pop, who shared on X that the Bitcoin bull market is here. I would agree. What are your thoughts, fam? Benday Pop predicts the Bitcoin will rally as high as $50 ,000 per coin in the coming months before witnessing a pullback and surging to a new all time high. Quitting the analysts here, I think we'll see Bitcoin hit resistance at 38 Gs, baby, but most likely will continue towards 45 to 50 ,000 per Bitcoin pre having after that consolidation and sideways action for a long period before we start making new all time highs. And this is the chart which you can see here in your screen, which if you analyze it, he appears to predict Bitcoin will see $50 ,000 in January of 2024. What is that? November or November's tomorrow. So December, two months. Send it. I love it. Right in alignment with Credible Crypto, who's predicting $48 ,000 in the next two weeks. Let's go. I hope they're both right. The halving, which had historically coincided with the Bitcoin bull run, slashes the Bitcoin mining rewards, as we all know, in half, which is slated for April 2024, under six months out. And for now, Benday Pop thinks Bitcoin's in the midst of a consolidation period and a dip below $33 ,000 is still on the table. Quoting him again alongside this chart, Bitcoin technically constructing a range here slight correction towards $33 ,300 and quickly bought up if the lower boundaries are reached. Probably sentiment will flip bearish the $32 ,800, but that would signal a great long opportunity touche. Now let's break down our featured story of the day and discuss Max Keiser, who was just recently interviewed on the Alex Jones show. He was invited back. And let me share with you a little the back story, just in case you don't know the back story. Now, back in the day, maybe it was 2014, many years ago, Max Keiser, being a kind hearted gentleman, went on the Alex Jones show and he gifted Alex Jones 10 ,000 Bitcoin. I don't know the exact value of the Bitcoin at that time, but I can tell you what the value of 10 ,000 Bitcoin is in today's prices. If you run the math, that is freakin 350 million dollars. Long story short, Alex Jones claims he lost the laptop that Max put the Bitcoin on. Therefore, he has none of it. So Max being the kind hearted gentleman he is, he said, let me come back on the show now. And he actually just released this episode yesterday. So this is brand new, breaking all these predictions and everything I'm sharing with you. And I'm going to give you a basic quiz on Bitcoin, Alex. And if you can answer these five questions, I will give you another 10 ,000 Bitcoin valued at roughly three hundred and fifty million dollars per coin. And so Alex invited Max on the show. They did the quiz. Here are some of the highlights of the show I'm going to be sharing with you. However, if you want to watch it live with me, we're going to be doing a live JV react session exclusively on Rumble after the show stream ends on YouTube. We're going to be watching it together where Max is quizzing Alex and I'll be reacting live to the video. It's something I've never done before. Live reacting to these videos, but I think it's going to be phenomenal considering it's brand new content. Many of you have never seen it before. So make sure you're following me on Rumble because it's going to be lit. But first and foremost, here are some of the highlights from this recent interview. I posted it yesterday exclusively. I was the first one to post the entire interview on X. I already got over 500 hearts, 166 retweets and over fifty two thousand people viewed it. Here's what I wrote. Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and warn of the suicide bankers that will destroy the world. And here are some of the quotes regarding his predictions when Alex Jones asked them, so where's Bitcoin going to go next? Where do we go from here? Here's what Max Keiser shared. All fiat money and gold eventually goes to effectively zero against Bitcoin because it's demonetizing gold. The same way gold demonetized silver, Bitcoin will be demonetizing gold. So sure, gold will be maybe two thousand, three thousand, four thousand dollars announced. But we're talking about Bitcoin eventually going to five million to ten million dollars per coin. So you're purchasing power in gold terms is almost basically nothing compared to what's happening in Bitcoin. Preach very powerful words. And there is another quote I believe that I shared here. Let's see if I can find it. I click back on here.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Crypto Funds See Strong Inflows
"This episode of Markets Daily is sponsored by CME Group. It's Tuesday, October 31, 2023. Happy Halloween to all who celebrate it. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro now newsletter on Substack. On today's show, we're talking about crypto funds, crypto integrating with finance outside the US, and some big name hedge fund support. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets continue to hold more or less steady despite market jitters elsewhere. At 8am Eastern Time this morning, Bitcoin was down a third of a percent, trading at $34 ,506. Ether was also down a third of a percent, trading at $1 ,810. Other tokens were seeing some positive action. Atom was up 8%, XRP up 7%, TonCoin up 6%, Solana and Stellar's XLM token were up almost 5%. Most crypto assets are set to deliver solid gains for October. We'll look at the monthly performances tomorrow. In macro indicators, tomorrow is a big day for US debt markets. In actually not talking about the conclusion of the FOMC meeting in which Federal Reserve officials decide what to do about US interest rates, we sort of know they're going to pause. They've effectively been telling us that for weeks now, and the futures market is signaling a hike probability of roughly 0%. Now, what I'm referring to is the release of the Treasury's quarterly funding report, which lays out the debt issuance schedule for coming months. There are a lot of eyes on this because of concerns about a demand and supply imbalance in US government debt markets. In August, Treasury told the market that it was going to need to ramp up bond sales for the first time in two and a half years. In other words, supply is going to increase. This caused some concern because the large buyers of recent years are now absent. These include the US Federal Reserve, which is no longer buying bonds in the market as part of its crisis support known as quantitative easing. These absent buyers also include foreign governments such as China, Japan and Saudi Arabia who have been reducing their US government debt holdings. This is a big shift in the bond market's driving narrative. The bond market is not so scared of the Fed anymore. It's now much more afraid of the Treasury Department. There was some good news on this front yesterday, however. The Treasury released its expected borrowing target for the fourth quarter, not the schedule, but the target. This turned out to be less than it has suggested a few months ago. It seems there are some late tax payments coming in, which has boosted revenue expectations.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Crypto Funds See Strong Inflows
"This episode of Markets Daily is sponsored by CME Group. It's Tuesday, October 31, 2023. Happy Halloween to all who celebrate it. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro now newsletter on Substack. On today's show, we're talking about crypto funds, crypto integrating with finance outside the US, and some big name hedge fund support. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets continue to hold more or less steady despite market jitters elsewhere. At 8am Eastern Time this morning, Bitcoin was down a third of a percent, trading at $34 ,506. Ether was also down a third of a percent, trading at $1 ,810. Other tokens were seeing some positive action. Atom was up 8%, XRP up 7%, TonCoin up 6%, Solana and Stellar's XLM token were up almost 5%. Most crypto assets are set to deliver solid gains for October. We'll look at the monthly performances tomorrow. In macro indicators, tomorrow is a big day for US debt markets. In actually not talking about the conclusion of the FOMC meeting in which Federal Reserve officials decide what to do about US interest rates, we sort of know they're going to pause. They've effectively been telling us that for weeks now, and the futures market is signaling a hike probability of roughly 0%. Now, what I'm referring to is the release of the Treasury's quarterly funding report, which lays out the debt issuance schedule for coming months. There are a lot of eyes on this because of concerns about a demand and supply imbalance in US government debt markets. In August, Treasury told the market that it was going to need to ramp up bond sales for the first time in two and a half years. In other words, supply is going to increase. This caused some concern because the large buyers of recent years are now absent. These include the US Federal Reserve, which is no longer buying bonds in the market as part of its crisis support known as quantitative easing. These absent buyers also include foreign governments such as China, Japan and Saudi Arabia who have been reducing their US government debt holdings. This is a big shift in the bond market's driving narrative. The bond market is not so scared of the Fed anymore. It's now much more afraid of the Treasury Department. There was some good news on this front yesterday, however. The Treasury released its expected borrowing target for the fourth quarter, not the schedule, but the target. This turned out to be less than it has suggested a few months ago. It seems there are some late tax payments coming in, which has boosted revenue expectations.
Markets Daily Crypto Roundup
A highlight from Crypto Update | SEC Commissioner Hester Peirce Dissents, Questions SEC's 'Enforcement-Driven Approach to Crypto'
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 30th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about market moves, consumer expectations, the U .S. Securities and Exchange Commission, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets trended up over the weekend. At 8 a .m. Eastern Time this morning, Bitcoin was trading at $34 ,621, up 1 % over the past 24 hours. Ether was doing even better, up 1 .5%, trading at $1 ,816. Other tokens were up even more. Solana climbed more than 8%, Avalanche, Neer, Monero, and Arbitrum were up around 5%, Chainlink and Ava were up 4%, and the Axie Infinity token was up almost 15%. Along with prices, crypto spot volumes are picking up. On a seven -day moving average basis, spot volumes are now at their highest level since the market volatility during the U .S. banking crisis in March, and more than double their average volume in September. This is according to data from the block. In macro indicators, we have to talk today about inflation expectations. This refers to what consumers expect inflation to be in one year, five years, and so on, and is measured in various ways. One metric that the Federal Reserve pays attention to is the University of Michigan Consumer Survey. Going back as far as 1966, the University of Michigan has conducted a detailed monthly survey of U .S. consumers, asking questions about current mood, employment prospects, where they think inflation is going, and more. It's relevant information because consumers drive the U .S. economy, especially these days, and what they think hints at what kind of growth lies ahead. The survey results for October were released on Friday, and the picture they paint is worrying. First, there's the overall sentiment index, which came in slightly higher than expected, but much lower than in September. That's not great, because that suggests that spending might be weaker going forward. Even more relevant for the interest rate outlook are consumer inflation expectations, and the latest data on this front is also not great. The University of Michigan survey shows that consumer expectations of inflation one year out have jumped to 4 .2%, notably higher than expected, and much higher than the 3 .2 % indicated in the September survey. Basically, consumers are saying that they expect inflation to head up from here. The latest headline CPO growth for the month of September was 3 .7%. This is not at all what the Fed wants to see, because inflation expectations affect behavior. If consumers think inflation is heading up, they could bring forward expenditures, which could push inflation up in an unfortunate, self -fulfilling spiral. So this, plus the strong GDP growth we saw last week and the still -strong jobs market, mean that we could start to hear the Fed ramp up talk about the possibility of another rate hike in coming months. Yet another thing that could spook the markets. In stocks, US indices closed mixed on Friday, with the S &P 500 down 0 .5%, the Nasdaq up 0 .4%, and the Dow Jones down over 1%. As of Friday, the S &P 500 is down more than 10 % from its 2023 high, which means it is now in a full -blown correction, going by the standard definition of the word. The Nasdaq is down more than 12 % from its year -to -date high. So far this morning, futures are pointing to a strong opening even though bond yields are climbing again, with the 10 -year US Treasury yield back above 4 .9%. European stocks were also mixed on Friday, with the UK's FTSE 100 down almost 0 .9%, the German DAX down 0 .3%, and the broader Euro Stoxx 600 up 0 .5%. So far today, markets are rebounding, with most of the leading indices up at least 0 .5%. In Asia, markets in Japan were nervous today as the country's central bank meets to discuss monetary policy. The Nikkei index was down almost 1%, amid speculation that the Bank of Japan will allow bond yields to rise further. The yield on the 10 -year government bond reached almost 0 .9 % last week, the highest level since 2013. If the central bank does not widen the acceptable range, it will have to step into the market to buy bonds in order to keep yields down. This could make keeping a lid on inflation more difficult. Elsewhere in the region, both the Shanghai Composite and the Hang Seng were more or less flat on the day. In commodities, oil prices are easing slightly today, despite an escalation of the conflict in the Middle East as Israel began its ground offensive over the weekend. This was largely expected and seems it has not been as drastic as many traders had feared. Earlier today, the Brent crude benchmark was down just over 0 .5 % on the day, trading at $88 .96 per barrel. Gold is also easing after breaking above $2 ,000 per ounce on Friday, for the first time since May. Earlier today, the metal was trading down 0 .3 % at $1 ,998 per ounce. Stay with us. After the break, we talk about a recent SEC case against a small blockchain project and what it could mean for the SEC approach going forward. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. These cash -subtle contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem! Trade nearly 24x7 in a transparent CFTC -regulated market. Visit cmegroup .com slash crypto to learn more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | SEC Commissioner Hester Peirce Dissents, Questions SEC's 'Enforcement-Driven Approach to Crypto'
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 30th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about market moves, consumer expectations, the U .S. Securities and Exchange Commission, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets trended up over the weekend. At 8 a .m. Eastern Time this morning, Bitcoin was trading at $34 ,621, up 1 % over the past 24 hours. Ether was doing even better, up 1 .5%, trading at $1 ,816. Other tokens were up even more. Solana climbed more than 8%, Avalanche, Neer, Monero, and Arbitrum were up around 5%, Chainlink and Ava were up 4%, and the Axie Infinity token was up almost 15%. Along with prices, crypto spot volumes are picking up. On a seven -day moving average basis, spot volumes are now at their highest level since the market volatility during the U .S. banking crisis in March, and more than double their average volume in September. This is according to data from the block. In macro indicators, we have to talk today about inflation expectations. This refers to what consumers expect inflation to be in one year, five years, and so on, and is measured in various ways. One metric that the Federal Reserve pays attention to is the University of Michigan Consumer Survey. Going back as far as 1966, the University of Michigan has conducted a detailed monthly survey of U .S. consumers, asking questions about current mood, employment prospects, where they think inflation is going, and more. It's relevant information because consumers drive the U .S. economy, especially these days, and what they think hints at what kind of growth lies ahead. The survey results for October were released on Friday, and the picture they paint is worrying. First, there's the overall sentiment index, which came in slightly higher than expected, but much lower than in September. That's not great, because that suggests that spending might be weaker going forward. Even more relevant for the interest rate outlook are consumer inflation expectations, and the latest data on this front is also not great. The University of Michigan survey shows that consumer expectations of inflation one year out have jumped to 4 .2%, notably higher than expected, and much higher than the 3 .2 % indicated in the September survey. Basically, consumers are saying that they expect inflation to head up from here. The latest headline CPO growth for the month of September was 3 .7%. This is not at all what the Fed wants to see, because inflation expectations affect behavior. If consumers think inflation is heading up, they could bring forward expenditures, which could push inflation up in an unfortunate, self -fulfilling spiral. So this, plus the strong GDP growth we saw last week and the still -strong jobs market, mean that we could start to hear the Fed ramp up talk about the possibility of another rate hike in coming months. Yet another thing that could spook the markets. In stocks, US indices closed mixed on Friday, with the S &P 500 down 0 .5%, the Nasdaq up 0 .4%, and the Dow Jones down over 1%. As of Friday, the S &P 500 is down more than 10 % from its 2023 high, which means it is now in a full -blown correction, going by the standard definition of the word. The Nasdaq is down more than 12 % from its year -to -date high. So far this morning, futures are pointing to a strong opening even though bond yields are climbing again, with the 10 -year US Treasury yield back above 4 .9%. European stocks were also mixed on Friday, with the UK's FTSE 100 down almost 0 .9%, the German DAX down 0 .3%, and the broader Euro Stoxx 600 up 0 .5%. So far today, markets are rebounding, with most of the leading indices up at least 0 .5%. In Asia, markets in Japan were nervous today as the country's central bank meets to discuss monetary policy. The Nikkei index was down almost 1%, amid speculation that the Bank of Japan will allow bond yields to rise further. The yield on the 10 -year government bond reached almost 0 .9 % last week, the highest level since 2013. If the central bank does not widen the acceptable range, it will have to step into the market to buy bonds in order to keep yields down. This could make keeping a lid on inflation more difficult. Elsewhere in the region, both the Shanghai Composite and the Hang Seng were more or less flat on the day. In commodities, oil prices are easing slightly today, despite an escalation of the conflict in the Middle East as Israel began its ground offensive over the weekend. This was largely expected and seems it has not been as drastic as many traders had feared. Earlier today, the Brent crude benchmark was down just over 0 .5 % on the day, trading at $88 .96 per barrel. Gold is also easing after breaking above $2 ,000 per ounce on Friday, for the first time since May. Earlier today, the metal was trading down 0 .3 % at $1 ,998 per ounce. Stay with us. After the break, we talk about a recent SEC case against a small blockchain project and what it could mean for the SEC approach going forward. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. These cash -subtle contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem! Trade nearly 24x7 in a transparent CFTC -regulated market. Visit cmegroup .com slash crypto to learn more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
Coin Stories with Natalie Brunell
A highlight from News Block: Did SBF Try to Pay Trump Billions Not To Run? U.S. Debt Hits $33 Trillion, Chase UK Banning Crypto, Honda Now Accepts Bitcoin
"Welcome to the CoinStories news block. I'm Natalie Brunell, and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know in one place, in one block. Let's go. Bitcoin has been on the move this week, breaking out above its 200 -day moving average and climbing back above $28 ,000 a coin for the first time since mid -August. Despite its volatility, Bitcoin is now up 68 % on the year as it enters October. And October, by the way, has garnered the nickname, Uptober. It has typically been one of Bitcoin's best performing months. It's gone up an average of 22 % in October over the last 10 years. Some believe Bitcoin's recent price performance is related to increased awareness about the unsustainable nature of the US debt. Our national debt recently hit a concerning milestone when it crossed $33 trillion for the first time in history. According to the Treasury Department, this is a result of fiscal spending increasing nearly 50 % from 2019 to 2021. In other words, government officials went on a spending binge the last couple of years. And given the rise in interest rates, the US government is now spending more to pay interest on our $33 trillion in debt than it does on national defense. Billionaire hedge fund manager Ray Dalio, who has written extensively on how we are about to reach the end of the long -term debt cycle, is warning that we might be close to a deleveraging event. The long -term debt cycle refers to the idea that over long time periods, typically 50 to 75 years, economies accumulate larger and larger amounts of debt with each short -term business cycle. This all culminates in a peak where the debt becomes unsustainable and sparks a large deleveraging period marked by reduced spending, falling asset prices, slower economic growth and debt reduction. In a recent interview, Dalio was quite blunt. We're going to have a debt crisis in this country soon. How fast it transpires, I think is going to be a function of that supply demand issue. And so I'm watching that very closely. The reality of the debt problem was all too apparent in a recent report from the Institute of International Finance that showed that global government debt has hit a record $307 trillion, the title of the report, In Search of Sustainability. Now, Bitcoiners have been sounding the alarm about the debt problem for many years, but now the narrative appears to be going mainstream. Bloomberg published a short documentary titled America's Looming Debt Spiral. So the media seems to be waking up to the fact that this debt is unpayable. The solutions, well, they can choose to default, which would be catastrophic and politically untenable, or they can choose to try to print their way out, which would devalue the dollar even more. Scarce assets like Bitcoin will ultimately be the beneficiaries as the debt spiral continues and investors are finally starting to recognize Bitcoin as an asset to protect themselves from the debt doom loop. All right, shifting gears, much of the focus this week will be on FTX and its founder Sam Bankman -Fried, whose criminal trial is set to begin this week. SPF faces seven counts of fraud and conspiracy related to the collapse of FTX. If found guilty on all charges, SPF could spend the rest of his life behind bars. FTX customers, investors, and employees will all be testifying in the trial against the infamous former poster child for crypto. In a 60 Minutes interview Sunday, author Michael Lewis, who's famous for The Ranging Interview about SPF and the book he's releasing about his rise and fall titled Going Infinite. Lewis had spent more than six months traveling with and interviewing SPF in the lead up to FTX's collapse. A letter from a talent agent from Creative Artists Agency said that Lewis likened SPF to the quote, Luke Skywalker and Darth Vader of crypto. Clips from that interview went viral on social media, including one in which Lewis says SPF was trying to pay former President Donald Trump billions of dollars not to run again in 2024. He also said there is an SPF shaped hole in the universe that now needs filling and that FTX was quote, a great real business. Overwhelming consensus on Bitcoin X, Twitter was Michael Lewis was casting FTX and SPF in a favorable light, despite operating one of the largest frauds in financial history. And heading into the trial, the timing and tone of this interview raised some eyebrows given that Lewis said the book was a quote, letter to the jury, which appears to suggest the jury should read the book potentially influencing the outcome of the court case. The trial will be dominating headlines for the coming months as the industry and millions of victims follow it closely to see what happens. FTX is still a topic of discussion in Washington DC, where the company came up in a hearing in front of the House Financial Services Committee. That's where SEC Chairman Gary Gensler was grilled for more than five hours on SEC oversight. Much of the conversation revolved around its enforcement actions toward the broader crypto industry. Democratic Senator Maxine Waters, who strangely called Bitcoin, Bitcoin during the hearing, asked Gary Gensler about ways he would protect investors from frauds like FTX and Terra Luna. Now I have to mention this was the same senator who met with SPF on multiple occasions prior to FTX collapse and even commended SPF for his candidness and willingness to talk to the public after the company went bust. Gensler and the SEC have also come under heavy criticism from Congress for meeting with FTX behind closed doors and also for the lack of clarity around the regulatory approach to the crypto industry. One notable exchange during the hearing was when Gary Gensler was asked directly by Republican Congressman Patrick McHenry whether or not he considered Bitcoin a security. This was Gensler's response. Well I think the staff of the SEC have also ended prior to the hearing. I'm just asking you this question and this is not a gotcha. I thought there's going to be an easy softball into harder questions. Do you think Bitcoin is a security? No, I think I've said this in the past that I think that it doesn't mean a Howey test. I'm asking to answer my question now. This is not supposed to be hard. I know I said it does not meet the Howey test which is the law of the land about being an investment contract. So it doesn't meet it's a commodity. Is that fair? I would say it's not a security and then the test is otherwise for other laws. Many of the questions directed at Gensler were around the SEC continuing to reject multiple spot Bitcoin ETF applications. Despite the congressional pressure for an ETF approval, the SEC continues to delay them. In the last week the Commission delayed its decision on several prominent ETF applications including ones from BlackRock, Bitwise, ARK Invest and Invesco. These delays came earlier than many expected and the SEC noted that the announcement was expedited due to the risk of a government shutdown that was narrowly avoided over the weekend. The next date to watch will be January 10th when the SEC will have to make a decision on ARK Invest's filing. And finally this week Bitcoin has not only been the topic of courtrooms but boardrooms as well. Companies continue to take different approaches when it comes to embracing or rejecting this new monetary technology. We saw two major companies take very different stances this past week. The first came from Chase Bank in the UK when it put out a notice to customers that it will be banning crypto linked payments and transfers citing the fraud and criminal activity associated with crypto. Chase UK justified this censorship announcement by stating that the bank is keeping its clients money safe and secure. Now it's no surprise to see Chase taking the stance given that Bitcoin threatens its core business as a financial intermediary. With Bitcoin there's no need for Chase to be a middleman and take fees with every transaction. Meanwhile Honda appears to be making moves to accept Bitcoin for payment. The Japanese car giant has entered a partnership with a blockchain payment system called FCF Pay. This partnership will allow customers to use cryptocurrencies like Bitcoin to purchase or lease Honda products in lieu of traditional fiat currencies. In the coming years I think companies will continue to be forced to make a decision on how they will approach the growing demand for Bitcoin. Some companies like Honda will benefit from embracing the tech while others like Chase will probably lose ground to competitors that do recognize the benefits that Bitcoin can bring to their business. That's it for the news block your subscribe to coin story so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time keep stacking.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Wall St Calls Fed Bluff! Interest Rates DROPPING to 0% Sooner? (Historical Data Says YES! )
"The Federal Reserve, in their latest FOMC or Federal Open Market Committee meeting this past Wednesday, decided to not increase interest rates and rather take a pause, keeping the current rate of 5 .25 -55 % in play. And Jerome Powell signaled to the market that the Fed intends to keep interest rates higher for longer with potentially one or two more rate hikes in the coming months and tighter restrictive monetary policy than previously anticipated through 2024. Following that, all across media we have different experts and talking heads in the financial industry talking about, yeah once the Fed reaches its goals they will start decreasing interest rates by a quarter point here, a quarter point there, over a stretched out multi -year period of time. So everyone should brace themselves for potentially 5 plus years of a high interest rate environment. And as crypto investors, as people on our journeys building wealth to achieve financial freedom, in this extremely crazy unprecedented macro environment, what are all these experts and talking heads basing these predictions on? And more importantly, what is the Federal Reserve basing this roadmap off of? You'd think off of at least one single part of its 110 years of existence, you'd think they would reference at least one part of its century span of history, you would think it was based on some piece of past data for instance, but it's not. Everyone is making some random wild guess based on their imagination and Wall Street is calling their bluff. Check it out. When rates drop, they usually plunge. The Fed thinks different. History suggests central banks expected scenario isn't likely to happen. The Federal Reserve is hoping for something it has never managed before, not merely the softest of soft landings for the economy, but the slowest rate cutting cycle in its history. Up the stairs, down the elevator. When the Fed cuts rates, it usually slashes them. It expects to be different next time? Is it though? Is it going to be different? Let me know what you think in the comments below. Since COVID, the this time is different narrative has been a popular one, so will it pan out? You tell me. In the meantime, let's take a look at this chart that shows interest rate changes over the past several decades. The most recent instance is almost a perfect stairs looking hike and elevator crash. Then back in 2005, we've got another longer period of hikes followed by a drop in rates and zooming out a third, fourth, fifth, sixth and seventh instance of similar activity ranging back to around 1975. But here from the precipice of the pause here, this elongated gold line here is the Fed's forecast that all these talking heads in the mainstream media are also forecasting. There has never been a drawn out series of rate hikes ever, and smart money knows it. They seem to think they can just coast down slowly, said David Kelly, chief global strategist at JP Morgan asset management. It never happens that way. So who's your money? The Fed and the talking heads or Wall Street? Let me know in the comments below. Either way, we need to be prepared for any and all scenarios as crypto investors speculating on new innovative technology that still doesn't have a play. What should we be mindful of? What other scenarios could play out in the next six to 12 months, we should consider in order to increase our chances of potentially experiencing financial relief in this insane, unprecedented market. Hello, I'm crypto Casey and welcome to another episode of crypto this week. Let's take a look at the global news stories and state of the current macro environment.
WTOP
"the coming months" Discussed on WTOP
"To say in the coming months. Matt Pfeiffer, CBS News. When there's not enough coffee all in of Washington to get you going. You've got John and Michelle. Mornings on WTOP News. Sports at 25 and 55. Powered by Maximus. Moving people and technology forward. Now Dave Preston, you're aware of this because you probably watched Wheel of Fortune in the early years where you had to buy a prize at the Spotted Dog. Yes, well I want say to that Wheel single -handedly kept alive the porcelain flamingo lawn decoration industry. ornament And once you buy a prize, it's yours to keep. Yeah, because it's like for you got 40 bucks left I'll take the porcelain flamingo. What else do you have for us? They have scheduled a celebratory parade for Thursday in Denver Nuggets. Capturing their first ever NBA championship last night with a game 5 win over Miami. Bill Russell finals MVP Nikola Jokic had a feeling his team was special last September. It was something different about this team. I felt that I felt that something some different different energy and every day since this is that it was I had the same feeling. So I'm not really optimistic guy but that gave me hope that we can do something. The NBA draft bridges the season just completed as well as the next ones. June 22nd is when they'll pick the players. Baseball Nationals begin a series with Houston Astros on the best ERA leagues while they're bad to beware. Belongs to Jordan Alvarez who has 17 homers with 55 RBI. Patrick Corbin pitches tonight at 810 on 1500 AM. The Orioles tangle with Toronto O's or So 3 -0 far this year WNBA mystics visit Indiana this evening NHL Stanley Cup Final Game 5 Vegas leading Florida 3 games to 1. NFL commanders holding meetings and a light walkthrough today in Ashburn. Training camp kicks off Thursday July 27th. Dave Preston WTOP Sports. Alright Dave Dave up ahead history about to unfold in Miami in just a few hours where former President Trump be will arraigned in the classified documents case. It's 1156. Hi I'm Patricia Ferrick President of FVC Bank. We understand small businesses need access to to loans support their growing companies. Did you know FEC Bank offers lightning lending an enhanced online lending platform for loans up to $500 ,000. Just a few steps and you will quickly complete the loan application. Once approved and your FEC Bank account is open the loan is funded within 48 hours. Visit fvcbank .com Member FDIC. In Washington breaking news happens every day. This just in from Arlington. So can you really to afford miss even a single day of WTOP? We're hearing about an incident in Bethesda. Everything you listen.
WTOP
"the coming months" Discussed on WTOP
"President campaign twenty twenty four on w t o p we're learning the first republican presidential debate will be held august twenty third in milwaukee it'll be on fox news in order to participate candidates must have gotten campaign contributions forty thousand unique donors and poll higher than one percent in three national polls or two national polls and one state poll there will also have to commit to supporting the eventual republican nominee and agree to not participate in any non r n c sanction debate in twenty twenty four former president donald trump continues to lead in the g o p primary polls and has raised doubts about participating the f b i is offering to show to top lawmakers a bureau document that purports to relate to president joe biden and his family it follows weeks of demands by congressional republicans and a contempt threat against director christopher ray the bureau says in a statement it would produce the document in a secure location inside the capital for the republican house oversight chair james comer and the panel's top democrat jamie raskin of maryland republicans claim the document will shed light on the alleged criminal scheme involving a foreign national in unions the three plus years in prison for two members of the oath keepers convicted of seditious conspiracy in connection with the capital riot prosecutor say david morchelle and joseph hackett of florida were lower -level members of the far -right group they're accused of gathering guns and ammunition to stash in a virginia hotel room for a so -called quick reaction force that could be quickly shuttled to washington the guns were never deployed both men express remorse to the court for their actions on january sixth loudoun county has a new superintendent of public schools his name is aaron spence he's the current leader the beach public school system spence will head north after having the top job in virginia beach since 2014 board chair ian seratkin touted spence's experience my personal highest priority during this process was to find the superintendent who was experienced accomplished and successful at running a large complex school division and dr spence fits the bill perfectly the school system has been scrutinized in the aftermath of two sexual assaults by the same student in 2021 board member tiffany palifko says there's a wound in the school system it is my belief that is it not the current school board who should be electing or selecting excuse me the next superintendent to lead out in county public schools spence is expected to relocate and take over in the coming months scott gilman lp news in an unprecedented move churchill downs home of the kentucky derby is suspending ending racing and moving any remaining races to atlas park racing track for the rest of the spring season that decision comes after a series of 12 horse deaths race here saturday and sunday that is our standing and then we'll move racing to atlas park about 130
WTOP
"the coming months" Discussed on WTOP
"In the coming months. Initiative 82 begins today slowly eliminating the tip minimum wage for servers and bartenders in D.C., a survey of over a hundred restaurants done by the employment policies institute shows 8 out of ten places will likely raise menu prices, a majority of restaurants say that they'll also add service charges to cover the additional costs and reduce staff hours as well. Today marks the first increase for the tip minimum wage to $6 and would eventually match the regular minimum wage by 2027, opponents of the move argue it provides a safety net, a fair wages for employees. Luke Luger WTO news. A troubling trend that began when COVID arrived on the scene is still continuing, schools in our area are reporting a rise in students who miss 10% or more of the school year in Virginia, that could impact a school's reputation. It's a story you're hearing first on WTO, since the pandemic, we have experienced a lot more absences. Marie lemon is principal of Bailey's upper elementary school in fairfax county. She says students will travel to visit visit family in another country or to take that Disney vacation. Computing says some parents are reluctant to send kids to school with cold symptoms. Or so fearful, including myself that if they even show signs of a stomach ache that they're going to be sent home. For the first time since the pandemic, absenteeism will be used as a factor when the state evaluates schools. Prince William county's school board chairman bob or latif says that may penalize many of them. We haven't made a big dent in improving the chronic absenteeism. Scott gelman, texting and driving, kills 11 teenagers a day in the U.S., and that stark reality has students in Montgomery county, working to raise awareness. High school students in Maryland have a message for their friends, put those phones down Keep all eyes on the road. Montgomery county's Department of Transportation worked with young filmmakers on a video campaign to raise awareness about this critical issue, and winners
Bloomberg Radio New York
"the coming months" Discussed on Bloomberg Radio New York
"Proposals promise more rules to fight over in the coming months and years According to law firm Morrison Cohen crypto is generated more than 200 class action lawsuits and other private litigation as of this month up more than 50% since the start of 2020 For more on the uptick in lawsuits Bloomberg's June grosso spoke with Sam skolnick a reporter for Bloomberg law Currently there are roughly 400 actions be they private lawsuits government suits that are current in this space That number has grown consistently over the years according to at least one guy at a firm called a Morrison and Cohen the midsize firm in New York that keeps track of these lawsuits regarding crypto companies about half of the 400 though he said that there's been a real explosion in one portion of this That has to do with class action lawsuits other private litigation about half of that 400 number is roughly 200 that number has grown exponentially over just the last few years And interestingly June just a quick search of this litigation of this private litigation shows some pretty big names of tasks to some of these suits And you don't have to follow legal news specifically to know some of these names For example in January there was a class action I think it's still a waiting certification but a putative class action against Kim Kardashian As well as former boxing champ of Floyd Mayweather Jr. and others And what that suitable edge is that the defendants had made misleading statements in Twitter and in other social media posts to investors of one specific cryptocurrency token called Ethereum max And then there have been lots of other big companies including I'm not sure from pronouncing this right but the fancy French scarf and bag maker air mes international They also have been involved in litigation of a different type where as patent trademark infringement litigation also I believe in January they sued a company called mason Rothschild in the federal court in Manhattan basically claiming that this other company had sold a non fungible token these are non replicable digital collectible items and that they were doing so illegal or that they were infringing on trademark from the French fashion house And that's Bloomberg law reporter Sam skolnick speaking with the Bloomberg student grosso catch more of that.
Bloomberg Radio New York
"the coming months" Discussed on Bloomberg Radio New York
"Has a one word message for North Korean dictator Kim Jong-un Biden spoke to reporters today as he concluded his trip to South Korea and was asked if he had any parting messages for Kim Biden said simply hello period Summit feared Kim would launch missile tests during the president's trip to South Korea Biden said he wasn't concerned because quote we are prepared for anything North Korea does The U.S. should consider the possibility of Russia using nuclear weapons in Ukraine He's obviously spoken to this I think we need to make sure that we consider it as a possibility That's according to former joint chiefs of staff chairman Mike Mullen appearing on ABC's this week he noted that such weapons are a part of Russia's arsenal and president Vladimir Putin is feeling concerned The retired navy admiral described them as the most devastating weapons ever created Mullin noted that Sweden and Finland were willing to break decades of neutrality to join NATO as a result of their growing concern about the Russian threat Parents struggling with a baby formula shortage are finally getting some good news The first international shipment of baby formula will soon be available to help ease the nationwide shortage Agriculture secretary Tom vilsack says the first batch from operation fly formula landed in Indiana today aboard an air force C 17 cargo plane from Germany The 78,000 pounds of Nestlé infant formula is the equivalent of more than a million and a half 8 ounce bottles according to The White House that's enough formula to fill about 15% of the need for formula nationwide Older Americans are being urged to get a COVID booster shot Scott Carr has more CDC director doctor Rochelle Walensky says a recent increase in hospitalizations among older Americans across the country has been steep and substantial She says only 43% ages 65 and older have received a vaccine dose over the past 6 months and just 38% of people aged 50 to 64 have done so leaving about 60% of older Americans without the protection they may need She says to prevent severe disease hospitalization and death Walensky recommends all Americans 50 and older get a fourth COVID shot I'm Dina kodiak The city of Dallas Texas is asking the court to overturn an ordinance that would force sexually oriented businesses like strip clubs to close overnight City lawyers cited recent shootings around such businesses as the reason for the closures Meanwhile attorneys for the strip clubs asked the court not to allow any new evidence This comes after employees of the businesses said the ordnance would harm their ability to support their families despite the city council voting unanimously to enforce it One of the mighty morphin Power Rangers is being charged with fraud Jim Forbes has more The actor who played the red power ranger in the 1990s TV series is facing federal charges for COVID-19 fraud Jason Geiger known professionally as Austin St. John was arrested this week in McKinney Texas following his indictment Federal prosecutors say Geiger took part in a scheme to falsify government documents to get funds from the paycheck protection program He allegedly obtained over $400,000 in loans if convicted he faces up to 20 years in prison his lawyer says Geiger is pleading not guilty The USS Minneapolis St. Paul is officially on duty Hundreds turned out in Duluth Minnesota on Saturday as the navy commissioned its newest combat ship in a formal ceremony The warship which was built in marionette Wisconsin is the second to honor Minnesota's twin cities It will carry a crew of 140 and will be based at the naval station in mayport Florida A place that I could call home with the memories that will last a lifetime So thank you guys.
Bloomberg Radio New York
"the coming months" Discussed on Bloomberg Radio New York
"More of that in coming months T mobile coming after the competition its sweetening its wireless home Internet offer pitching as much as $500 to new customers who want to pay off their contracts with other companies it's also offering to bundle its wireless home Internet service with its high end mobile phone plan for a combined $200 a month for four people Booking Holdings might get the award for understatement the nation's biggest travel companies predicting a busy summer travel season ahead after seeing last quarter sales rise 136% and its gross bookings top $27 billion Joan Donoghue Bloomberg radio And JIT New Jersey institute of technology makes innovation happen The university helped biomedical engineering professor Tara Alvarez launch a startup that may revolutionize vision therapy Our startup through NGT is called ocular motor technology We create virtual reality vision therapy in a head mounted display So it's gaming and basically sugarcoating the therapy so that children and young adolescents don't even realize they're doing therapy To accomplish this we need biomedical engineers which are here in on GIT campus a computer scientist artists people that are into story development and then we are collaborating with a lot of the large pediatric medical centers This idea of a startup culture is extremely important to not just nj IT and the national science foundation but also to the U.S. as a societal whole And JIT New Jersey institute of technology learn more at nj IT dot EDU You see the value in worldwide market news The push for a global minimum corporate tax rate is still alive and well and you want it first The Labor Department has sent an emergency regulation to The White House So do we Bond yields around the world are tumbling Bloomberg daybreak With.
Bloomberg Radio New York
"the coming months" Discussed on Bloomberg Radio New York
"The coming months Reinhardt says it's all consumer driven Consumers really can help push brands to be more sustainable with shopping He says the data show consumers believe that if a brand offers resale as part of a broader strategy the brand is healthier And it won't take long for just about every store and every brand to include resale is part of what they do Steve potus Bloomberg radio How are financial services firms managing in this new reality Claire Santa niello managing director at BNY Mellon's Pershing explains If the current times have taught us anything it's a critical role that technology plays in client relationships Global conditions have created a business imperative for firms to digitally transform the way they meet client needs and the way they work Pershing to industry leading technology enables you to adapt to the evolving ways your clients want to do business Now and in the future it can help you build an even stronger digital client experience in a simpler smarter and safer environment We have worked with clients of every size to transform their business Persian gets you the foundation to stand on plus our unique perspective to help you run your business even during the most uncertain of times We help you consider everything To learn more about how Pershing can help you transform your business visit Pershing dot com Pershing LLC member finra NYSE sippy Free hosts who know the markets and the economy Lisa you're not embarrassed I mean Abramovich is not embarrassed Like I carried away Almost as well as they know each other Tom's a little tired he slept on my couch Thanks Joe Got a few as late appreciated Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich You think the bank is one high race Lisa Do you think.
WBUR
"the coming months" Discussed on WBUR
"September and is always have your long everybody. It's been kind of a hodgepodge week. To be honest for those of us. Whose specialty is this economy here to help sort it out. Okay. Davidson. She's at the Wall Street Journal. Also Brian Chung, he's at Yahoo! Finance. Hey, you two Okay. So, Kate, I'm gonna start with you. And with his observation of the news of the day, the producer Price Index came out this morning. That is, of course, uh, prices at the wholesale level up 8.3%. In a year. Do you suppose anybody at the Fed or more accurately at the White House walked over to J. Powell's office and said, Hey, Jay, how you liking? Transitory now, pal? Well, I don't know about the White House because they they're sticking to the transitory story. They put out some new forecasts. I think it was a lot late last month, essentially showing that they still think prices are coming down this year by a lot, So they more than doubled their forecast for inflation this year. Back in February, they thought it would be just a little above 2% now there at 4.8 for the year. That's fourth quarter over compared to the fourth quarter of last year. But you know, even to get to that point As you pointed out, prices are so high and consumer prices Last month or in July. Rather, consumer prices were 5.4% over the previous 12 months, and that's the highest They've been on an annual basis since 2000 and eight so they're high and to get to the White House is forecast. They'd have to come down a lot, so I think that they are feeling the political heat over rising prices. Right. Republicans are really hammering them on this, but I think that the economists there and even at the Fed, I mean, we'll find out in a couple weeks, the Fed might mark up their forecasts, but So far. They continue to think that these price pressures will fade. Brian with the observation that the consumer price index prices, obviously at the consumer level, inflation at the consumer level comes out next week. I'm obliged to point out here that Gopinath she's the Chief economist at the International Monetary Fund, said this week in a tweet You know what Transitory is going to be measured in the United States and also in Europe, not in months. But in quarters that is to say it's going to be a while. Yeah, And that underscores the broader point here, which is that even though a lot of Fed officials and just economists at large, have said inflation may be transitory, which is their fancy award for temporary It may be transitory Lee High for longer than people expected. There was a discussion that maybe after these base effects, which is kind of when you compare the deepest months of 2020, where we saw price drops against the high price increases of 2021 that you were, once you start to get to the later months of September, October November that maybe that's when you start to See inflation numbers come back to those pre pandemic levels. It seems like that's not going to be the case, and that's likely because of the Delta induced supply chain issues that have continued. We spoke with the CEO of Traeger grills. They make grills, and they said that they're they're paying up to 10 times the amount of money for an inbound freight from Asia and they said, that's not likely to continue. That has nothing to do with fed policy. That's just ports being closed around the world, and that's something they hope. Will fade in the coming months. Reporting shows the same thing about those containers. Hey, Kate, listen, I do not want to get into Federal reserve Kremlinology. But do you think this will be the only time will mention this on this program? Do you think Jay Paul's job is actually at risk? Oh, that's a tough question. Um, that is not what I expected. Okay. Oh, boy. I answer that. Well, I don't. I guess I guess I don't think his job. I'm not sure if his job is at risk. I mean, I really don't like there's a lot of pressure from progressives and look, if if it's at risk, it's not over this issue. I don't think I mean, I think that on monetary policy generally, I think most people in the administration think he's done. Good job and steering the economy, But I think there is a lot of pressure on on the on the regulatory side. I guess folks who are concerned about climate change, and whether the Fed has been tough enough on those issues. Do they have enough influence? You know, over the White House to push this one way or the other? Can they convince the president look, you want to put in your own person who's really strong on these issues. These other issues? I'm not sure you know if I had to. If I had to put money on it today, I would say, I think Jay Powell staying in his job. But I think we'll But I think it's a little It's right now. I don't know It's a little bit unclear. Maybe still, we have we have a few more weeks to find out what's going to happen. Speaking of a few more weeks, Brian Chung, um I'm obliged to point out here. The Janet Yellen, the secretary of the Treasury, sent a letter to Congress this week saying, in essence, Come on with the debt limit. What are we really going to not pay our debts? What? Well, so I guess we need to back up to August of 2019. That was when the bipartisan budget act suspended the limit through the end of July this year. That meant that August 1st. This year, the debt limit was reset to the old ceiling of $22 trillion that was blown through. So that means that the Treasury has to go through that reserve and the projections are that they'll run out of cash sometime either in October or November, and Yellen has said many times, not just this week. That this would type. This would cause irreparable harm if the Treasury were not able to pay its bills on the government debt issued around the world Now, of course, that probability of this actually happening at the U. S would default on their debt and that credit ratings would go down is extremely unlikely. But of course you see how Congress with you know the work that they're continuing to do on trying to attach the infrastructure building reconciliation bill. It means that they're cutting it kinda close, but again, we've got until October November, Let's see that get resolved. It just feels to me Kate a little bit. The sides feel a little bit more dug in and look, every Treasury secretary ever since we've had a debt limit, has said to Congress Command just pay the bills right Democrat and Republican, But the two sides do seem a little more dug in this time. I think there's definitely a little bit more. Honey is over What's going to happen here? And definitely folks who pay attention to this who followed this over the past decade or so, since we've had kind of these bigger, more dramatic battles over this issue, they're saying yes, it's different this time, you know, just a couple years ago, and if we remember you probably don't There was this this drama free agreement between Steve Venusian and Nancy Pelosi a fairly You know people barely notice it. They got it. They got it done. It was part of this broader budget agreement that Brian mentioned a minute ago. Now it's just hard to see how there's a lot of pieces to this puzzle, right because you have the reconciliation. Bill. You have an infrastructure bill. You have government spending. So in the one here and there's a few different ways that they could do this, But you have Republicans saying, No way we're not helping with this. So, yeah, it's a little bit murkier for sure this time, little bit interesting way to run an economy. That's Kate Davidson of The Wall Street Journal Brian Chung on a Friday afternoon he's at Yahoo! Finance. Thanks you too. Thanks God. Thanks, guy. Enjoy your weekend on Wall Street. Today it is five. Count them five down days in a row. And you know what? That is okay. We'll have the details when we do the numbers..
Sports Talk 1050 WTKA
"the coming months" Discussed on Sports Talk 1050 WTKA
"Have announced at some point In the coming months. What the punishment what the outcome is for DeShaun Watson. If there is any Then I think it becomes a little bit easier to for dish on to settle. To settle the lawsuits, possibly But it's a mess. There's no doubt about it. It is a mess such a mess. That a city that once had Sean once a year ago yesterday, a year ago yesterday does Shawn Watson signed his $40 million per year extension a year? This stuff's been going on for five or six months now, with the lawsuits and the trade requests. So he signed a huge deal of mega deal. And then within Four months. He's wanting out. And I'm not even saying he's wrong. I mean the team was horribly mismanaged during that time. But It's just it's wild man. It is wild. I can tell you like I'm giving you the view from ground zero of his saga. It is it's wild. It's wild and yet feels you know, numbingly normal for what's gone on with the Texans for the last year and a half or two years. Alright 855 to 1 to four CBS. If you want to get in, we got Steve Berlin coming up next. We actually have dust Ferrat at the top of the hour, So we got some back to back longtime NFL quarterbacks to some good quarterback talk. Coming up over the next couple of segments and then were largely open phones the rest of the way after that, Rob Stone from Fox, their college football big noon kickoff studio show. Good friend of mine is going to join me in the third and final hour of the show for a segment. But if you want to get in and get in line, 855 to 12 for CBS Steve Barr lineup next bottom of the hour right now, time for an update. Here's Marco Poletti. CBS Sports flag. Alright, Sean, this report sponsored by five hour energy, It's the one when you got to get stuff done. Drinking in seconds. Feel it in minutes last for hours, taste great to five hour energy NFL getting ready to kick off this week and we got the news that we expected with the Texans going Tyrod Taylor as their starting quarterback Shawn Watson beyond the roster, but will not play bucks. They took it down again Sue off the covid list, so he should be good to go for Thursday night against the Cowboys. 49 ers, looking for a veteran for some help in their secondary, reportedly bringing corner Josh Norman 33 year old could earn up to 2.5 million Giants running back sequin. Barkley reported close to being fully cleared and ready to play in their opener against the Broncos. Barkley was been on the shelf for nearly a full year with that 20 cm. He missed 14 games last season. College football. Bad news from Michigan Wide receiver Ronnie Bell done for the remainder of the season with a knee injury. Meanwhile, busy first week in college football will finally wrap up tonight Old Mrs Home for Louisville. No link if in the For the rebels, he is not there after he tested positive for Covid 19. Lots of baseball. Today. Beginning at the top of the hour is the Blue Jays have climbed back into the wild card race just four games back, and they look to make some headway on the struggling Yankees. Behind Hunching review Today, bombers counter with Jameson Tiaan. Remarkable, Eddie. Hey, it's Bt from Tiki and Tierney Tune in tomorrow. Three Eastern New Pacific. We connect with Cowboys Michael Gallup and finish our two days with the Saints and my Giants. CBS.
NewsRadio KFBK
"the coming months" Discussed on NewsRadio KFBK
"Savings is just five minutes away at a I s insurance dot com. Traffic on the tens, every 10 minutes mornings and afternoons from the body leading the way home Traffic centre. Dana has news 93.1 kfbk. Alright, Thanks, Dana. Now you're kfbk forecast tonight We'll see. Clear skies Expect a low of 53 to 57 Plenty of sunshine on tap tomorrow high of 83 to 87 for tomorrow Friday and Saturday Plenty of sunshine. Friday will see a high of 87 to 91 a high of 91 95 4 Saturday. I'm AccuWeather's Drew Shannon News 93.1 kfbk and we've got 90 in Fair Oaks. Roseville 93 degrees and Gold has 90 degrees for 52 Kitty O'Neil Here with your kfbk Afternoon news. John Lockwood is with Cap trust in for Kelly Brothers. Fed chief says inflation will remain hot in the coming months before moderating and drone. Powell spoke today, saying that inflation is higher and more persistent than he expected and goes on to say that supply chain bottlenecks will continue to unwind and he feels that the intensity of inflation will reverse course. And that lead markets to actually end up mixed today, the S and P and the Dow higher and the NASDAQ sold slightly. It seems like everywhere you go, you see a help wanted sign hanging and, according to the Sacramento Business Journal, About one third of Sacramento based businesses plan to hire permanent positions, and most jobs are in the business and professional services.
KLIF 570 AM
"the coming months" Discussed on KLIF 570 AM
"Runoff to occur. So that's why we're starting to see the flash flood. Warnings. You know any any significant rain that we get over the next several days or week is gonna be potential for some of those hazardous conditions. Drift all encourages people to check the road conditions before driving and turn around. If you can't see the road cat Bonzai rkelly if news former President Donald Trump has announced another trip to North Texas in the coming months, President Trump will be in Dallas in December, is part of the history tour with Bill O. Reilly. Trump and O. Reilly will visit four Americans said Used to have live conversations about a variety of issues facing the U. S. The tour opens December 11th in Sunrise, Florida and will make a stop at Dallas is American Airlines Center. December 19th. Trump will also speak during Cpac's America canceled event at the Hilton Anatole in Dallas that runs July. 9th or 11th, Clayton Neville Koray of News News and information time is 44. Let's get a look at right now. Traffic Here's Bill Jackson. In Mesquite on I 30 westbound of Galloway. It's a stall in the way it's in the right lane and as a backup past Northwest Drive near Little Elm on 3 80 East found at novel Road, an accident is reported. There is a backup in the area. In Tarrant County on Chisholm Trail Parkway. North funded FM 11 87 an accident blocks the left lane. It's slow getting past that one near Terrebonne 20 eastbound at 16 41 erects been cleared out of the way. There are some lingering delays as that's recovering with K L I f traffic. I'm Bill Jackson. Now, If you look at your 5, 70, Calif News and information forecast cloudy and hot the rest the afternoon Today's high run 89 tomorrow more of the same. Expect high humidity and a high of 92 Thursday.
WTOP
"the coming months" Discussed on WTOP
"Because you think I believe that's all. You need to arrive that the right answer here. One Republican senators reaction They've done very well. I think that's generally conceded. Everybody looks forward to see how the president's defense team will do. Tomorrow. Louisiana's Bill Cassidy, CBS News Special Report. I'm Tom Floating. Another Republican senators met with the president's defense team in a side room tonight that includes Mike Lee of Utah, Lindsey Graham of South Carolina and Ted Cruz of Texas. They are technically anyway jurors in this trial, but they were meeting with the president's lawyers tonight. The nation's top infectious disease expert, Dr Anthony Fauci, of NIH is optimistic that kids in first grade enough may have access to a covert 19 vaccine before school begins in September. The nation's top infectious disease expert says the government is in the process, starting clinical trials and what he calls HD escalation. Dr. Fauci tells pro public of it By the time September rolls around, kids entering first grade will likely be able to get the vaccine presuming trials are successful in those age groups. This Says he tells NBC's today show that the rate of adult vaccinations should accelerate in the coming months. I would imagine By the time we get to April that will be what I would call for, you know, for better wording open season, namely virtually everybody, and anybody in any category could start to get vaccinated. That small wtlv needed real estate prices around here. Break records. We've got that in money news on the way it's deputy T A P is Jack Taylor and I've got a monumental message. President's.
KPCC
"the coming months" Discussed on KPCC
"And I think that There is a chance to address them. The fact that they're in real life. At least there is a good 12 13 years between India and John David Washington. Okay, What do we do about that? How do we talk about the way in which men who are who date younger women, especially younger women who are vulnerable like Maria's. What does that mean? And the film never really interrogates that. In any meaningful way. Instead, we get as Brooke and John have talked about the fact that we have her in skimpy clothing. We have her in the bathtub. We have her. You know, in all these states of undress, while John David Washington's character is just all over the place, yelling screaming at her. And there's not. She's not giving. She's not being given the same thing that he is getting. Well, the one a audience remains a bit split on the film, Bree emailed. I love this film. I saw it through its true artistic lens, a snapshot of a very dysfunctional relationship. I appreciated its uniqueness. I'm really tired of the same old movies and Darren Tweets. I'm a director and watch the movie with my girlfriend. I was cringing in the first five minutes because the conversation was familiar and narcissistic, like most directors are, But this is a gratuitous, self indulgent vehicle for Sam, not the audience. We know you can Right, Sam. Please stop. Well, before we wrap up. I just want to hear what movies you all are looking forward to in the next few months. Brooke, I'll come to you first. Um Movies that I'm looking forward to. I will say You know what? I don't think that 40 year old Virgin got its Do you know that is the black and white movie. I wish that we were spending all this time talking about on Netflix. I wish that the genius of Ryan can on Tic Tac was parroting. You know that movie like there's so much there that so, um, that's still so fresh and just did not get the attention that it should. Have gotten on Netflix s O. Perhaps this awards season. There's still time for to get more shine. But please, if you have not seen it go back on Bull that up on Netflix. It is a fantastic romance. It's a true emotionally true experience of a four for over 40 black woman in New York and dealing with a lot of the same Issues of criticism. I want to make sure you get we make art. I want to get John and Asian here real quickly. John, your your film. Opening February 19th Nomad land. I thought it was one of the best movies of last year. Definitely worth checking out. I usually What about you? John stole my pick. Also Nomad land highly recommended. It's great. All right, well, maybe we'll have a conversation about one of those films in the coming months. That was Aisha Harris, the co host of NPR's pop culture. Happy Hour, also with us John Horn, the host of the frame at KPCC and the Podcast Hollywood, the sequel and Brooke Obi and award winning film critic and author. Thanks to you off Today's producers were Amanda Williams, Katy Kline and are managing producer Page Osbourne. This program comes to you from W. A. M u part of American University in Washington. Distributed by NPR. I'm.
860AM The Answer
"the coming months" Discussed on 860AM The Answer
"The coming months. You have an opportunity to position your trades with red hot gold exploration, stock opportunities, text the word gold 24854 to get front row access to market and tell Since when you text the word gold 248542. And to set your investment research strategy to hyper growth mode with your free subscription to the gold market research report Text gold 248542 and have this red hot intelligence delivered directly to your mobile device so you can make decisions as market conditions change If you're interested in our hit list of the most promising gold exploration stocks in text, the word gold 248542 and don't get left behind in 2021 Text Gold 248542. Investors are you seeking steady cash flow ready to diversify in our aid has grown to be one of the nation's leading specialists and offers 10% annualized monthly payouts with bonuses targeted at 18 21%. That's right. You could receive steady 10% monthly payments with bonuses as their slogan says they specialize in realty Investing. Done right. You can even use your 401 k or I R. A to invest in our a 15 year track record in 1.2 billion in New Kans. Direction development backs You learn how you can invest in this hard assets real estate cash flow fun today and receive 10% annual eyes monthly payouts with bonuses. This is something savvy investors should research and consider call now. 807 154 83 That's 807 154 83 or visit in our a dot net and offered to buy or sell. Any security is only made by our private placement memorandum read it first See us had an R i a dot net. Stuck in Travis. We've got the answer you car crash.
KQED Radio
"the coming months" Discussed on KQED Radio
"And we're speaking with Washington Post reporter Craig Timberg. We're talking about how President Trump's departure and social media restrictions on him and some of his more extremist supporters. Including followers of the Cuban on conspiracy theories will effect events in the coming months. You wrote that before the Capitol rally on January, 6 with which, of course, you know the president. Summoned and attracted people, too, and said it's going to be wild. All that stuff that you followed the website the donald dot win and that you saw it was host to a really troubling interaction between online rage and realize real life activity. We want to just describe some of that. Yes, certainly the it wasn't just the Donald thought when it was It was parlor. It was Gabby. It was. There's a whole coterie of kind of newish, largely conservative social media platforms. They were just boiling over with rage. And it wasn't the first time I had seen this and but it also took on a certain kind of urgency because January 6 would seen as the day sort of their last stand, right. This was a day Congress was going to meet they were going to certify The results of the election. And if if that election was gonna be overturned, it had happened that and so you could see both an intensity of of rage calling for the killing or or arrest of Democrats. You could see calls toe, you know, Attack the capital. Then you also could see logistical conversations. Happy on about what? What they were going to do. It wasn't Super tactical, but it was, you know, how can we bring guns to D? C? How are we not going to get arrested? How do we move in packs and evade the inevitable law enforcement all we're going to run into so there was very specific and it was Really, really troubling you. There was a feedback loop right where people would then post videos of themselves doing what mattered up stacking ammo and putting on goggles and tactical gear. Indeed. So there was there was, there was imagery of sort of preparing for violence and unrest. And then that, of course, carried on on January 6th itself where on these very same online forums People were talking about what they were doing. Talking what they were saying They were taking videos and pictures and narrating the action in a way that you know everyone wasn't you know, part of the Cuban on group or wasn't the kind of you know, Didn't you know? Didn't want to see a bunch of people stormed their capital found really disturbing and important And that In a way was ended up, You know, you know the social media aspect allowed them to organize in a way that wouldn't have been possible, but it also caused them to be exposed the world in a way that wouldn't otherwise have been possible and may have led to their you know. Maybe not their demise. But certainly there fracturing now, you know, when the social media restrictions were imposed on a lot of these groups, many of them found refuge in this site parlor P A. R L E R, which was a site, which Allowed much more free flowing debate. And these you know, Thies groups could flourish. It has gotten the attention of congressional investigators who have Expressed concern about ties to Russia. What's going on here? Parlor was founded in 2018 as an alternative to Twitter that had virtually no content moderation. So if you if it was within the law to say it, you could say it on parlor and And it and it gained a lot of traction as Twitter and Facebook and YouTube began to crack down on things like hate speech and insight into violence and etcetera, so And how to really kind of robust place in the market that was growing more and more for for months. The reason why You know some congressional leaders want to investigate. It is because so much of the sort of inciting to violence around the capital siege happened there, and there's also some You know, some sort of Russian connections that are, you know, we're the a learning more about the CEOs. Wife is Russian, and I don't know if there's if that's a problem or not. But members of Congress want to know if that's a problem and and parlor also has is using You know, a Web services company that's based in Russia, and that that is raised concerns because you know, companies based in Russia are subject to Russian laws and his hand static can be sucked up, and presumably, the spies can look and all that stuff, too. So those are those are the sources of concern more than the ownership exactly, But yeah, the Congress it's on. It's on. It's on the radar of Democrats in Congress has Q himself this anonymous figure supposedly a high ranking government official as he posted anything since the election. Yes, but very little mean they, You know Q. Who we presume is a man, but we don't actually know. Um uh, has posted. I don't know, three or four times since the election, but but it's gone largely dark, and it's not the first time that This has happened, but it sure has caught everyone's notice that that at a moment when you kind of Cuba, not ideas are traveling more widely than ever and that we're approaching this. Moment of reckoning that supposedly her the movement has been quiet. So yeah, it's been a very striking turn of events right and the predictions. You know this stuff better than I do. But I mean was that there would be this apocalyptic confrontation, which would result In the mass arrests of these Democrats and celebrities and pedophiles. The great Awakening the storm, but well, that was the prediction right? It was the production from the very beginning, actually going back to October 2017 when Cuban on existed on on in previous place, called Fortune. The idea. First, the very first post to talk about arrest. They talk about arresting Hillary Clinton particular. And somehow the fact that these predictions ever came true was, you know, internalized in metabolized by Q and on believers all along. Be reintroduced. You were going to take another break Here. We're speaking with Craig Timberg. He's a national technology reporter for the Washington Post. He'll be back to talk more after this short break. I'm Dave Davies, and this is fresh air..
KOA 850 AM
"the coming months" Discussed on KOA 850 AM
"From ABC News. I'm Richard Can't who sort of the police officers injured in last week's pro trump insurrection of the U. S Capitol or talking, But you know this might be it. I might die and there's nothing I can do to defend myself at this point, so I just started screaming top of my lungs. Third under. Give me a way out. Washington, D. C. Metropolitan Police officer Daniel Hodges, scene and video being crushed by the insurrectionists in a doorway, expressing amazement that many of the rabble thought the police were supposed to be helping them. They just walk right up and say We're here to arrest Congress and then the police would say. All right, let's go, and we don't walk in hands in hands and just do whatever they wanted. President elect Biden outlined his nearly $2 trillion pandemic relief measure one big part of the covert plan. Making sure millions who lost their jobs don't lose their homes. We don't act now. Will be a wave of evictions and foreclosures in the coming months. President elect Biden saying is nearly $2 trillion plan will add rent assistance. Eviction moratoriums money to speed vaccines. School openings the rest of that promised $2000 check and unemployment extension till next fall. Andy FIELD. ABC NEWS Washington, One of those arrested in last week's insurrection, wants a presidential pardon. Says he was just following instructions. Jacob Chancellor who also goes by the name Jake Anjali, was seen in photos from the protest. Wearing a headrest with horns and standing at the Senate days, his attorney, Albert Walk ins from ST Louis is translate, felt like his voice was being heard when President Trump invited followers to march to the capital in a statement of the media, Watkins says. Chan's Lee, also known among Trump supporters, as the Q shaman did not take part in the violence. And believes the president should pardon him maybe sees can't Martin and Saint Louis the outgoing administration got in its 12th execution, giving a lethal injection to condemn drug trafficker Corey Johnson, who was condemned in a serious of 11 gang related murders in Richmond, Virginia. In 1992, you're listening to ABC knows.
NewsRadio KFBK
"the coming months" Discussed on NewsRadio KFBK
"I'm Daria Aldinger president elect, Biden admits It's expensive and it's ambitious. But he says his America rescue plan is what the nation needs to put the covert 19 pandemic behind it. One big part of the covert plan, making sure millions who lost their jobs don't lose their homes. We don't act now. Will be a wave of evictions and foreclosures in the coming months. President elect Biden saying is nearly $2 trillion plan will add RENT assistance in Vic Shin moratoriums money to speed vaccines. School openings the rest of that promised $2000 check and unemployment extension till next fall. Andy FIELD. ABC NEWS Washington The president elect will release more details of his vaccination plan tomorrow. Confirmation hearings will begin tomorrow for the Bite administration nominees. Five key Senate panels have now confirmed that they will hold confirmation. Hearings for Biden's top national security officials before inauguration day. Although it remains unlikely most of his pigs will be confirmed into their roles on day 1 April Haynes will have her hearing on Friday to be director of national intelligence, while four others will have theirs on Tuesday. January 19 Tony Blinken for Secretary of state, Janet Yellen for Treasury Secretary Lloyd Austin for Defense Secretary and Alejandro My orcas for Homeland Security secretary. As delicate. Terra ABC NEWS Washington The Justice Department says more than 100 people have been arrested in connection with last week's deadly attack on the capital, including a former Pennsylvania fireman, who was accused of fatally injuring Capitol police officer and the FBI says it's still looking for over 200 suspects. Vice President Pence got an update on inauguration security today from the FBI, the Department of Homeland Security and the National Guard and then he made an unannounced visit to National Guard members who are protecting the capital nature. Thanks for stepping up makes a real difference. They'll be joined by 21,000 additional guard troops heading into the inauguration. You're listening to ABC news. Now here's what's happening around.