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Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. 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 crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? 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.
CoinDesk Podcast Network
SPECIAL REPORT: SBF TRIAL 09/22 Update
"Welcome to the SBF trial, a Coindesk podcast network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk podcast network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. Yesterday was arguably not a great day for Sam Bankman -Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses, questioning at least one's qualifications and saying some others really wouldn't be relevant to the case. Shortly after the Second Circuit Court of Appeals rejected Bankman -Fried's appeal of Judge Lewis Kaplan's ruling to revoke his release on bail. These are both mostly procedural losses. I don't think the appeal denial is a surprise to anyone. Judge Kaplan even joked about his record on appeals in the August 11th hearing where he remanded Bankman -Fried into custody, and indeed the three -judge panel wrote that they discerned no error, much less clear error, in the district court's detention decision. What this means is Bankman -Fried will remain behind bars as his trial begins. Judge Kaplan's ruling is a lot more interesting. On the face of it, yes, he granted the Department of Justice's motion to bar all of the defense's proposed expert witnesses from testifying. But this is more of a mixed bag. The defense can still try and call for the witnesses provided they fill out better disclosures at least three days before they're supposed to testify. The DOJ can still object to the witnesses as well. We already know the DOJ plans to call witnesses as soon as the week of October 3rd, and while we haven't seen a full or final list of witnesses, we do now have some greater clarity about who we can expect to testify over the course of the trial. Gary Wang, Caroline Ellison, an FBI agent, and Peter Easton, a University of Notre Dame professor who will apparently explain FTX's financials, for starters. If the defense successfully calls them up, we may also hear from Thomas Bishop to rebut what Easton says, Brian Kim who may rebut the FBI agent's statements, and Joseph Pimbly to respond to a DOJ witness on FTX's software.
The Crypto Overnighter
A highlight from 668:SECs AI Dragnet and Ripples Courtroom Win
"Why do tacos get their own day of the week? Is it because Mondays are so rough, we need a Tuesday filled with beefy tortillas shared with good friends? If so, why don't we have Wellington Wednesdays stroganoff Saturdays, and heck, beefball Mondays? Then Mondays would just be another reason to enjoy our favorite beef with our favorite people. Together, we bring more. Beef, it's what's for dinner, funded by beef farmers and ranchers. Good evening, and welcome to the Crypto Overnighter. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Wednesday, September 13th, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we dig into the SEC's AI surveillance plans led by Gary Gensler. What does that mean for privacy and regulation? Ripple scores a point in court, but what's the real cost? OneCoin's co -founder faces 20 years behind bars, a reminder to always do your due diligence. Craig Wright dodges criminal sanctions, but raises questions about legal loopholes in crypto. North Korea's Lazarus Group makes another appearance, this time targeting Coinex for a cool $55 million. And finally, Coinbase is lighting up Bitcoin transactions by integrating the Lightning Network. Gary Gensler confirmed the U .S. Securities Exchange Commission uses artificial intelligence for financial surveillance. This revelation came during a Senate oversight hearing on September 12th. Gensler stated that the SEC uses AI technologies to monitor the financial sector for signs of fraud and manipulation. The SEC has not issued a formal public declaration detailing the use of AI. Gensler also faced criticism for the SEC's rulemaking pace and duration of comment periods. He remains adamant that crypto trading platforms should adhere to rigorous U .S. securities regulations. The SEC chair argues that most crypto tokens will likely pass the investment contract test. Gensler cited noncompliance with securities laws in the crypto industry, leading to the agency's enforcement approach. He also mentioned that the SEC has filed approximately 750 enforcement actions in the last year. Gensler warned that AI's ability to generate deepfake content poses a genuine threat to financial markets. He defended the SEC's key rulemaking initiatives amid heavy pushback from lawmakers. The SEC aims to bring DeFi under its jurisdiction, stating that existing rules also apply to the crypto sector. The SEC's adoption of AI for financial surveillance is a significant development. It's a clear signal that the regulatory body is doubling down on its efforts to monitor and control the crypto space. This move aligns with Gensler's consistent stance that the crypto industry should fall under the same regulatory frameworks as traditional financial markets. The use of AI could potentially tighten the noose around crypto activities, making it more challenging for traders and investors to operate freely. While the technology can be a powerful tool for detecting fraud and manipulation, it also raises concerns about privacy and the extent of government surveillance. Gensler's warning about the potential for AI -generated deepfake content adds another layer of complexity. It suggests that the SEC is not only looking to regulate, but also to protect the market from new types of threats. However, Gensler's approach has not been without its critics. The pace of rulemaking and the lack of clarity have drawn ire from both the crypto community and lawmakers. The SEC's aggressive enforcement actions, totaling around 750 in the last year, indicate a strategy of regulation by enforcement, which many find to be problematic. Now, if you're worried about Big Brother and C3PO teaming up to watch your every move, don't forget to hit that like button and subscribe. So now, let's pivot from surveillance to legal battles. Ripple is scoring in court. What does that mean for crypto and regulation? Ripple is in the midst of a legal battle with the SEC. The SEC initially accused Ripple of violating federal securities laws by selling its native cryptocurrency, XRP, without registering it as a security. Ripple CEO Brad Garlinghouse and President Monica Long have been vocal about their intent to fight the SEC all the way through. The company has already spent over $100 million defending the case. A significant ruling came in July when US District Court Judge Analisa Torres stated that XRP was not necessarily a security. This opened the doors for Ripple to expand its business not just in the US, but globally. The SEC requested permission to file an interlocutory appeal against this ruling, but as for now, the request has yet to be decided upon. Ripple is also focusing 80 % of its hiring efforts outside the US, targeting markets like Singapore, Hong Kong, the UK, and Dubai. The ongoing Ripple vs SEC case is a test for the crypto industry's relationship with regulators. Ripple's refusal to back down sends a strong message to the SEC and other regulatory bodies that the crypto industry will not be bullied. The SEC's actions here are part of a broader crackdown on the crypto industry. Frankly, I see it as an overreach of authority. The recent court ruling in favor of Ripple has not only given the company a legal upper hand, it also provided a glimmer of hope for the broader crypto ecosystem. It challenges the SEC's narrative and could set a precedent for other cases. The fact that Ripple is planning to focus its hiring outside the US is a clear sign of how regulatory uncertainty is driving crypto innovation away from the US, a point that should concern US policymakers. The case is shaping up to be a defining moment for crypto regulation in the US. It could have far reaching implications for the industry at large. And really, this whole thing is about the future of crypto regulation and the limits of governmental oversight. A point for Ripple, but at what cost? Make sure you're following us to stay updated on this legal thriller. But speaking of costs, some people are paying dearly. From courtrooms to prison cells, let's delve into the dark underbelly of crypto scams with OneCoin's co -founder, Carl Greenwood.
Mark Levin
Peter Navarro Speaks Out on Partisan Weaponization by Biden Regime
"The Department of Justice says no you can't do that and presidents since George Washington have exerted executive privilege and so that's what's at stake here and executive privilege is important because as the Supreme Court has rules and OLC the Department of Justice has said it's important for confidential decision -making to take place in the White House and at the root of that mark is the constitutional separation of powers between the legislative and executive branch so that's what this this case is about what you think about this mark is I am literally the first senior White House advisor in the history of our Republic to be charged with this alleged crime and what what it to symbolizes me and I hope to your listeners is that it's the poster child for the weaponization the partisan weaponization of the House and the Department of Justice by the Biden regime the Democrats for use to punish political rivals so I'm standing tall on this I'm standing on principle we lost the case at district court but what we did was a beautiful job in laying the groundwork for the appeals process and what was so interesting marks so interesting to me going in because I never ever gone through stuff this before it's like expensive it's grueling it's like this judge I go in I've got eight different defenses possible who's the judge included I don't want to I don't want to criticize the judge okay I'll look it up I'm at Mehta did okay he what he believed was right right but one of the things
Ethereum Daily
A highlight from ARK & 21Shares File Ethereum Spot ETF
"Welcome to your Ethereum news roundup, here's your latest for Wednesday September 6th, 2023. ARK Invest and 21 shares file for an Ethereum spot ETF, Vitalik Buterin co -authors a privacy paper, the Ethereum Foundation announces ERC4337 grant recipients, and Synthetix explores a multichain approach. All this and more starts right now. Vitalik Buterin, Jacob Bilom, Mathias Nader, Fabian Skar, and Amin Soleimani co -authored a research paper titled Blockchain Privacy and Regulatory Compliance Towards a Practical Equilibrium. The paper introduces a method for users to securely disassociate from illicit funds within a privacy pool, aiming to serve as a neutral resource for blockchain regulatory compliance globally. Privacy Pools, coined as the successor to Tornado Cash, is an open -source smart contract -based privacy tool. It employs zero -knowledge proofs to ensure that deposit and withdrawals remain unlinked. The tool offers customizable privacy sets enabling users to disassociate themselves from illicit addresses during withdrawals. The mechanism enhances privacy protection against malicious actors and allows users to demonstrate that their funds originate from legitimate deposits without having to disclose their entire transaction history. ARK Invest and 21 shares jointly filed an application with the U .S. Securities and Exchange Commission for a spot Ethereum exchange -traded fund. Coined as the ARK 21 shares Ethereum ETF, the fund would invest directly in Ethereum and custody funds with Coinbase custody. The ETFs would also trade on the CBOE BZX exchange. If approved, it would mark the first crypto spot ETF in the United States. The application comes after a U .S. District Court judge sided with Grayscale in a petition to review an application to convert GPT -C into a spot ETF. ARK Invest is an investment management firm by Cathie Wood and 21 shares is a provider of crypto exchange -traded products. In a new blog post, Synthetix founder Kane Warwick discussed the feasibility and necessity of deploying its derivatives protocol across multiple blockchains, starting with an experimental deployment on base. Synthetix is currently live on Ethereum and OP mainnet. Warwick also discussed the potential launch of a Synthetix app chain built on the OP stack, which would simplify governance. Liquidity fragmentation remains a top barrier for multi -chain deployments. Warwick suggested an initial deployment on base to experiment with demand for ETH collateral rather than the protocol's native as next token. Warwick emphasized adaptability and the need to gather data before any significant changes are made to the protocol. And lastly, the Ethereum Foundation announced the winners of its account abstraction grants program. A total of $300 ,000 was allocated to 18 grant recipients, which include Ambry Wallet, ZeroDev, Etherspot, Mina Wallet, and 6th Degree Lab. The program awarded builders who improve and strengthen account abstraction infrastructure on Ethereum. 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.
Coronavirus
A highlight from ARK & 21Shares File Ethereum Spot ETF
"Welcome to your Ethereum news roundup, here's your latest for Wednesday September 6th, 2023. ARK Invest and 21 shares file for an Ethereum spot ETF, Vitalik Buterin co -authors a privacy paper, the Ethereum Foundation announces ERC4337 grant recipients, and Synthetix explores a multichain approach. All this and more starts right now. Vitalik Buterin, Jacob Bilom, Mathias Nader, Fabian Skar, and Amin Soleimani co -authored a research paper titled Blockchain Privacy and Regulatory Compliance Towards a Practical Equilibrium. The paper introduces a method for users to securely disassociate from illicit funds within a privacy pool, aiming to serve as a neutral resource for blockchain regulatory compliance globally. Privacy Pools, coined as the successor to Tornado Cash, is an open -source smart contract -based privacy tool. It employs zero -knowledge proofs to ensure that deposit and withdrawals remain unlinked. The tool offers customizable privacy sets enabling users to disassociate themselves from illicit addresses during withdrawals. The mechanism enhances privacy protection against malicious actors and allows users to demonstrate that their funds originate from legitimate deposits without having to disclose their entire transaction history. ARK Invest and 21 shares jointly filed an application with the U .S. Securities and Exchange Commission for a spot Ethereum exchange -traded fund. Coined as the ARK 21 shares Ethereum ETF, the fund would invest directly in Ethereum and custody funds with Coinbase custody. The ETFs would also trade on the CBOE BZX exchange. If approved, it would mark the first crypto spot ETF in the United States. The application comes after a U .S. District Court judge sided with Grayscale in a petition to review an application to convert GPT -C into a spot ETF. ARK Invest is an investment management firm by Cathie Wood and 21 shares is a provider of crypto exchange -traded products. In a new blog post, Synthetix founder Kane Warwick discussed the feasibility and necessity of deploying its derivatives protocol across multiple blockchains, starting with an experimental deployment on base. Synthetix is currently live on Ethereum and OP mainnet. Warwick also discussed the potential launch of a Synthetix app chain built on the OP stack, which would simplify governance. Liquidity fragmentation remains a top barrier for multi -chain deployments. Warwick suggested an initial deployment on base to experiment with demand for ETH collateral rather than the protocol's native as next token. Warwick emphasized adaptability and the need to gather data before any significant changes are made to the protocol. And lastly, the Ethereum Foundation announced the winners of its account abstraction grants program. A total of $300 ,000 was allocated to 18 grant recipients, which include Ambry Wallet, ZeroDev, Etherspot, Mina Wallet, and 6th Degree Lab. The program awarded builders who improve and strengthen account abstraction infrastructure on Ethereum. 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.
The Crypto Overnighter
A highlight from 655:Judge Sez ETH Not a Security, Uniswap Wins, Binances Strategies
"Rockstar Energy Punched. Bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, corona extract, and 240 milligrams of caffeine to fuel what's next. Rockstar Energy Drink. Good evening and welcome to The Crypto Overnight -er. I'm Nicodemus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 PM Pacific on Thursday, August 31st, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we're diving into a pivotal court ruling that could shape the future of DeFi. GOP candidate Vivek Ramaswamy shares his crypto vision and grayscale scores a legal victory. Binance pivots with both a stablecoin swap and ambitious plans in Japan. EOS breaks through regulatory barriers, also in Japan. Coinbase CEO Brian Armstrong lays out a roadmap for crypto's future. And finally, Robinhood is making moves that could reshape its position in the crypto landscape. A US district court judge in New York dismissed a class action lawsuit against Uniswap Labs. Now, just as a point of interest, the judge has won Katherine Polk Fela, Judge Fela is also overseeing the SEC's case against Coinbase. So this may portend of things to come. Six crypto investors filed the lawsuit. They claimed that they were scammed on Uniswap between December 2020 and March 2022. The plaintiffs argued that Uniswap Labs controlled its liquidity pools. They said this included pools created by scammers. The lawsuit sought to rescind smart contracts and demanded compensation. And here it comes, folks, possibly the most important part. Judge Fela termed Bitcoin and Ethereum as crypto commodities. She was not convinced Uniswap's token sales fell under federal securities laws. This is a pivotal moment, not just for Uniswap, but for the crypto space at large. The judge's decision to dismiss the case against Uniswap is a win for decentralized finance. It sets a precedent that could shield DeFi protocols from similar lawsuits in the future. The judge's comments show a deep understanding of DeFi technology. She stated that concerns about crypto regulation are better addressed to Congress than to the court. This is a clear signal to lawmakers who have been slow to provide regulatory clarity over digital assets. The judge's ruling also comes at a time when the Securities Exchange Commission and the Commodity Futures Trading Commission are at odds over crypto regulation. The SEC's chair, Gary Gensler, claimed that everything apart from Bitcoin is a security. On the other hand, the CFTC claimed that Ethereum and other cryptocurrencies are commodities. This case could serve as a reference point in future regulatory debates. While Judge Phela's ruling on Uniswap is a beacon of hope, the regulatory landscape isn't all roses. GOP candidate Vivek Ramaswamy has some choice words for the SEC. Stick around, you won't want to miss this. And don't forget to subscribe for the latest updates.
Coronavirus
A highlight from Aevo Zero-Fee Bridging From Optimism
"Welcome to your Ethereum news roundup. Here's your latest for Wednesday, August 30th, 2023. Avio integrates zero -fee bridging for Optimism and Arbitrum, a Judge dismisses a Uniswap class action lawsuit, the FragDao releases ENS shortcuts, and Argent releases mobile support for Starknet. All this and more starts right now. Avio, a derivatives -focused rollup, now supports USDC bridging from Arbitrum and opmainnet. Users can now bridge USDC from the Layer 2 networks with zero bridging fees and zero slippage, according to the project. The bridging feature is powered by Interoperability Protocol Socket, which allows appchains to tap into Layer 2 liquidity flows. Socket now allows appchain rollups to access Layer 2 liquidity with a single connection. Avio was built using Conduit, a rollup -as -a -service infrastructure provider, and runs on a customized version of the OPStack codebase. Avio offers an options trading exchange that operates as an off -chain order book with on -chain settlements. A US District Court Judge dismissed a class action lawsuit filed against Uniswap Labs, its CEO Hayden Adams, and Uniswap Investors. The lawsuit was filed in April of 2022, alleging that Uniswap was responsible for users losing money to scam tokens. It claimed Uniswap Labs had control over liquidity pools with illegitimate tokens. The lawsuit also tacked on securities violations. The court dismissed the claims, stating that the decentralized nature of Uniswap prevented the defendants from being held responsible for the actions of third parties. The judge's ruling cited a prior class action lawsuit filed against Coinbase in 2022, which was also dismissed. DefragDAO, a lending protocol native to Arbitrum, released ENS shortcuts, a tool that uses ENS domains to automate on -chain actions such as bridging and swapping. The release features six initial ENS shortcuts, including providing liquidity on Beefy Finance, swapping ETH to USDC via Uniswap, and bridging to Optimism, Base, Arbitrum, or Polygon. To execute an action, such as bridging to base, users can simply transfer ETH to the toBase .eth .ens address. The shortcut will then bridge the assets using Hop protocol and will transfer them to the user's Layer 2 address. The shortcuts aim to reduce phishing attacks by allowing users to execute on -chain tasks directly within their wallet. And lastly, Argents released early access support for StarkNet on its mobile smart contract wallet. Users can now access the Layer 2 network directly on their mobile device. The release includes a fiat on -ramp via RAP network, bridging via LayerSwap, and support for StarkNet NFTs. Last month, Argent launched a StarkNet NFT marketplace called Unframed. The mobile app does not yet support wallet imports for Argent X wallets. Argent X is a browser extension wallet and was the first wallet released for the StarkNet ecosystem. Argent plans to add support for swaps, staking, and integrated DeFi dApps. It also plans to enable on -chain wallet recovery. Argent will host a product overview stream for the wallet on September 6th. 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.
Ethereum Daily
A highlight from Aevo Zero-Fee Bridging From Optimism
"Welcome to your Ethereum news roundup. Here's your latest for Wednesday, August 30th, 2023. Avio integrates zero -fee bridging for Optimism and Arbitrum, a Judge dismisses a Uniswap class action lawsuit, the FragDao releases ENS shortcuts, and Argent releases mobile support for Starknet. All this and more starts right now. Avio, a derivatives -focused rollup, now supports USDC bridging from Arbitrum and opmainnet. Users can now bridge USDC from the Layer 2 networks with zero bridging fees and zero slippage, according to the project. The bridging feature is powered by Interoperability Protocol Socket, which allows appchains to tap into Layer 2 liquidity flows. Socket now allows appchain rollups to access Layer 2 liquidity with a single connection. Avio was built using Conduit, a rollup -as -a -service infrastructure provider, and runs on a customized version of the OPStack codebase. Avio offers an options trading exchange that operates as an off -chain order book with on -chain settlements. A US District Court Judge dismissed a class action lawsuit filed against Uniswap Labs, its CEO Hayden Adams, and Uniswap Investors. The lawsuit was filed in April of 2022, alleging that Uniswap was responsible for users losing money to scam tokens. It claimed Uniswap Labs had control over liquidity pools with illegitimate tokens. The lawsuit also tacked on securities violations. The court dismissed the claims, stating that the decentralized nature of Uniswap prevented the defendants from being held responsible for the actions of third parties. The judge's ruling cited a prior class action lawsuit filed against Coinbase in 2022, which was also dismissed. DefragDAO, a lending protocol native to Arbitrum, released ENS shortcuts, a tool that uses ENS domains to automate on -chain actions such as bridging and swapping. The release features six initial ENS shortcuts, including providing liquidity on Beefy Finance, swapping ETH to USDC via Uniswap, and bridging to Optimism, Base, Arbitrum, or Polygon. To execute an action, such as bridging to base, users can simply transfer ETH to the toBase .eth .ens address. The shortcut will then bridge the assets using Hop protocol and will transfer them to the user's Layer 2 address. The shortcuts aim to reduce phishing attacks by allowing users to execute on -chain tasks directly within their wallet. And lastly, Argents released early access support for StarkNet on its mobile smart contract wallet. Users can now access the Layer 2 network directly on their mobile device. The release includes a fiat on -ramp via RAP network, bridging via LayerSwap, and support for StarkNet NFTs. Last month, Argent launched a StarkNet NFT marketplace called Unframed. The mobile app does not yet support wallet imports for Argent X wallets. Argent X is a browser extension wallet and was the first wallet released for the StarkNet ecosystem. Argent plans to add support for swaps, staking, and integrated DeFi dApps. It also plans to enable on -chain wallet recovery. Argent will host a product overview stream for the wallet on September 6th. 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.
Mark Levin
NY Times: Judge Sets Trial Date for Trump’s Federal Election Case
"January 2nd? But it potentially brought the proceeding into conflict with three other trials that Mr. Trump is facing, underscoring the extraordinary complexity of his legal situation, the intersection of prosecutions of this campaign to return to the White House. The district attorney in Fulton County, Georgia, has proposed taking Mr. Trump to trial in charges of tampering with the election in the state on March 4th as well. Another case in Manhattan in which Mr. Trump's been accused of more than 30 felonies connected to nondisclosure agreements in the run -up to the 2016 election is scheduled to go to trial on March 25th. So that would be two trials the same day and then another trial on the 25th while the other two trials are going on. And trial if the in Washington lasts more than 11 weeks, it could bump up against Mr. Trump's other federal trial on March 25th. And obstructing the government's efforts to retrieve them. Now notice the bias in the article to begin regurgitating the by the prosecutor. But let's go on. That trial is scheduled to begin in in Florida late May. The March 4 date set by Judge Truncan for the federal election case at a hearing in federal district court in Washington is the day before Super Tuesday. When 15 states scheduled are to hold Republican primaries or caucuses. Judge Truncan said that while she understood Mr. Trump had both other trial dates scheduled next year and at the same time was running for the country's highest office, she was not going to let the intersection of his legal troubles and his political campaign get in the way of setting a date. She said Mr. Trump, like any defendant, will have to make the trial date work
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1377: This Will Send Bitcoin to $10,000,000 - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis, as well as Gemini files a brief in the lawsuit against the SEC requesting to keep it simple. We'll also be discussing Bitcoin mining stocks up 200%, year to date, and one has soared literally almost 400%. We'll also be discussing when the Bitcoin price is likely to bottom after this crypto market downturn, according to crypto analytics firm Glassnode. We'll also be discussing the analyst Dave the Wave who called the 2021 crypto meltdown forecast a new Bitcoin all -time high. I'll be sharing his timeline. We'll also be discussing the Binance CEO CZ predicts the Bitcoin price will reach $10 million. 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 you want the full premium experience with video visit my rumble channel at crypto news alerts dotnet. Again, that's crypto news alerts dotnet. Welcome again to everyone just joining us. And today is August 20th, 2023. So happy Sunday. I'm your host JV, and this is pod episode number 1377. So let's fricking go. Let's start with our market watch as we do each and every day. You should be able to see this popping up on your screen right now. For those watching the broadcast, you can see Bitcoin still in the red, unfortunately, but the good news we're maintaining that $26 ,000 support, which I love to see. We have ether also in the red trading at $1 ,682 and checking out coinmarketcap .com. The current crypto market cap sits barely above that $1 trillion milestone. We got about 21 billion in volume in the past 24 hours with Bitcoin dominance at 48 % even and the ether dominance at 19 % even and checking out the top 100 crypto gainers in the past 24 hours. As you can see here, we got Stellar Lumens leading the pack up 7 % trading at $0 .13, followed by XDC up 6 % trading just under $0 .06, followed by ThorChain up almost 6 % trading at $1 .85 and checking out the top 100 crypto gainers for the past week. You can see a mixture between red and green with some of the top gainers, including Roon XLM and XDC and checking out the crypto greed and fear index as of a few days ago with that epic crash where we saw over a billion dollars in the crypto market liquidated. We're currently in fear, currently rated a 37. Last week was a 54 and last month a 50, which is neutral. So there you have it. How many of you have been taking advantage of this recent dip? Put BTFD in that live chat. Now let's break down today's Bitcoin technical analysis. Check out the charts and what is popping with that king crypto. Bitcoin hovered around 26 ,000 into the 20th weekly close as doomsday Bitcoin price targets kept coming. And here you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph and TradingView showed an eerie calm covering Bitcoin over the weekend with the market down 11 % in the past week. Yikes. And quoting Keith Allen and Material Indicators, I think 25 ,000 will eventually break down and clear a path to retest support at the 2017 bull market top, which was just under 20 ,000. But I don't know if we can get the retest for 25 ,000 support to potentially print a double bottom and provide a good foundation for another exit rally. If that setup presents itself, we're talking 28 to 29 ,000 range is realistic. And Allen continued that such a rebound may even hit the 100 week simple moving average currently sitting just above 31 ,300 dollars. Quitting him here, if and when we get the retest at 25 ,000, my eyes are looking at the next series of the lower lows. And he continued first would be 24 ,749 on Coinbase and the next is 19 ,567, which is not so coincidentally located just below the RS flip zone at the 2017 bull market top. Losing that level paves the way for a paradise and a potential generational buying opportunity. Now, if you'd actually look forward to the generational buy opportunity with a Bitcoin price that low, let me know your honest thoughts in the comments right down below. And he also shares this chart. Others shared the consensus that 20 ,000 will be back on the radar only should 25 ,000 fail to act as support. Quoting Sku Analytics here, a break below 25 .3 will probably target 24 to 23 for a stronger buyback reaction else continuation towards 20 ,000. But a deep sweep below 20 ,000 is the extreme end in which would look like a swing long there. How many of you think that Bitcoin can have that probability of dropping sub 20 ,000? Let me know your thoughts. Keep it in mind that was like the price action six years ago is insane right at the height of the market in 2017. Now, Sku nonetheless suggests that the intraday Bitcoin price action might see a bounce around the weekly close with 28 ,500 as a potential target should the buy side pressure step up, which is outlined in this chart. Now, some less extreme support levels below 20 ,000 also came in from analytics platform Whale Map, quoting them here. In case we go even lower, it commented on a print of his data uploaded to X, adding that 19 ,200 and 16 ,600 were the other points of interest. Now previous, keep in mind the whale support at 28 ,250 and 26 ,950 nonetheless failed to hold the market on the way down. And check this out as Rizzo shared on X. This is a quote from Dan Morehead. Bitcoin is like buying gold in 1000 BC before Christ. And he actually shared this quote all the way back in August of 2013. And as Rizzo points out, true at $100 and true today Bitcoin. That's right, because one Bitcoin will always be equivalent to one Bitcoin. So keep stacking them stats fam. And now let's discuss the latest developments between Gemini and the SEC. As you know, Gemini won the top exchanges in the United States headed over by the Winklevoss twins. In fact, they were the very first to actually submit an application for a spot Bitcoin ETF in the United States over a decade ago, but no Claire Gere and the rest of the regulators that preceded him, the Jay Clayton's of the world have been denying it ever since. But let's see what's popping recently with this back and forth crypto exchange. Gemini filed a reply brief as a part of its efforts to dismiss the lawsuit it faces against the US SEC. The lawsuit alleges Gemini earned which is a service enabling customers to lend crypto assets like Bitcoin to Genesis breach security regulations by offering unregistered securities. How many of you were impacted by that Genesis earned program? Let me know. And according to August 18, court documents filed by the US District Court from the Southern District in New York, Gemini argued the SEC has failed to make a clear claim. Quoting them here, section five of the Securities Act is not hard to understand. The filings stated while arguing that the SEC has not clearly pointed out the requirements for claiming a violation of the act. The fact that the SEC cannot decide that what is a security is an issue which only underscores the weakness of its position. I think they make a great point right there. It further argued that the court shouldn't tackle the convoluted analysis presented by the SEC. And the agency should pose straightforward questions to determine whether it qualifies as a security. That's right, because ultimately, in Gary Gensler and the SEC's eyes, every single cryptocurrency is a unregistered security minus Bitcoin. That's just the way it is. Now it prompted questions including when was the alleged security sold? Who was the buyer? Who was the seller? And what was the price offered or changed? And it's all outlined right here from court filing. I'll include this in the show notes below the video in the description. Gemini also contended that the SEC must highlight the unregistered security first, in which they haven't done, then identify the sale or offer to sell that security. It claimed the SEC had not fulfilled this. However, the SEC has not met that burden and its opposition avoids the question before the court. The filing stated. Now, another person pointed out that the SEC is floundering. They can't even decide what the security is. And also shared on one hand, they claim that the loan agreement was a security, but on the other hand, they claim the entire Gemini earned program was itself a security, which really makes no sense, right? An argument absurd on its face. Here's my thoughts on why they're going after all of the Gemini earned programs or anything where you can earn yield, because it outperforms any standard bank and they don't want competition because the central bankers rule this planet, unfortunately. So for example, if you can earn hypothetically, say a 5 % reward by staking a cryptocurrency, what has the bank given you in a high savings yielding account? What do you get? 0 .01 % nowadays, virtually nothing. And you're really losing money due to inflation as Michael Saylor once described it as a melting ice cube. So not shocking, but I truly do hope that the Winklevoss twins and Gemini wins this lawsuit against the SEC, that the SEC can't continue their crypto crackdown. But how do you think this is likely to play out? Let me know your honest thoughts in the comments. Write us down below. Now let's dive into Bitcoin mining stocks, which have been popping this year. Bitcoin may be down for the week, but it's still up 50 % year to date. So take that Peter Schiff. Meanwhile, Bitcoin mining stocks jumped over 200 % year to date with one minor stock, which is cipher mining up a whopping almost 400 % thus far this year. The Bitcoin price fell 10 % against the US dollar on Thursday amid speculations that SpaceX might have sold its remaining holdings, something like 375 million a Bitcoin, but it may just be nothing more than FUD. We have to also keep that in mind. Now, crypto stocks are up quite a bit more this far into 2023 than the broad stock market. The S &P 500 as well as the top 500 US companies have increased by a very healthy 14 % thus far this year. And the tech -focused NASDAQ is up a whopping 28 % for the year.
The Crypto Overnighter
A highlight from 645:SEC Targets Ripple, Binance-Checkout Split, Cuban vs OpenSea
"To those who visit Mickey D's for their favorite breakfast item and then go somewhere else for coffee, give this Mickey D's brew a second chance. The glow up was real. Try any size iced coffee brewed with 100 % Arabica beans for just 99 cents until 11 a .m. and pair it with a savory Sausage McMuffin with Egg for $2 .79. Prices and participation may vary, cannot be combined with any other offer. Rockstar Energy Punched, bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, guarana extract, and 240 milligrams of caffeine to fuel what's next. Rockstar Energy Drink. Good evening and welcome to the Crypto Overnighter. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Saturday, August 19th, 2023. Welcome back to the Crypto Overnighter where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so we're going to talk about that. First, however, a reminder that there will be no new episodes on Monday, Tuesday, or Wednesday of next week. We're going out of town for our anniversary, so I won't be putting out content from the 21st to the 23rd of August. So after tomorrow, I'll be gone and I won't be back until Thursday. As for tonight, we'll delve into the SEC's relentless pursuit against Ripple and what this means for the broader crypto industry. We'll uncover the rift between Binance and Checkout .com, exploring the challenges of navigating the regulatory terrain in the crypto space. Exactly Protocol faces a substantial breach, shining a light on the vulnerabilities in the DeFi sector. Ethereum gears up to unveil its innovative HolSky testnet, another leap towards continuous improvement. Mark Cuban takes on OpenSea in a showdown over NFT royalties, and we'll wrap things up with Taiwan's refreshing approach to fostering growth in the crypto sector. The U .S. Securities Exchange Commission has taken another step in its ongoing legal battle against Ripple Labs. On Thursday, Judge Annalisa Torres of the U .S. District Court for the Southern District of New York allowed the SEC to present its argument for an appeal for her earlier ruling. On Friday, the SEC requested permission to appeal the judge's ruling that XRP sales through exchanges did not breach securities law. The SEC's appeal specifically targets the judge's decision that Ripple's programmatic sales of XRP were not in violation of securities law. This is because retail investors buying XRP on an exchange would not have the same expectations as an institutional investor purchasing directly from Ripple. The SEC's appeal emphasizes the legal determinations about the existence of investment contracts based on undisputed facts. The outcome of this appeal could influence other SEC cases. Notably, it suits against Coinbase and DragonChain. The SEC's focus is on the sales of XRP, not the asset itself. They clarified that they do not argue that the underlying assets of those investment contracts were securities. Ripple has until September 1, 2023, to respond to SEC's motion. If the SEC does get approval for the interlocutory appeal from Judge Torres, they will then need to petition the Second District Court of Appeals to review the case. The SEC's move to appeal has broader implications for the crypto industry. The way the court handles the Ripple case could significantly affect other pending litigations, especially those between the SEC and major crypto trading platforms like Binance and Coinbase. The SEC believes that an immediate appeal is necessary due to the controlling questions of law involved and the substantial grounds for differing opinions on these matters. Interestingly, the SEC has officially admitted that digital assets, including XRP, are not inherently securities. This admission is significant and has sparked reactions from the crypto community. Attorney John Deaton highlighted that the SEC's concession on this issue may have been influenced by over 75 ,000 XRP holders who joined the lawsuit. The ongoing legal tussle between Ripple and the SEC began in 2020 when the SEC accused Ripple of raising $1 .3 billion through XRP sales. Judge Torres had previously ruled that some of Ripple's XRP sales did not violate securities laws due to a blind bid process. However, she also determined that other direct sales of the token to institutional investors were securities, giving the SEC a partial victory. The SEC now wants to appeal the decision about the programmatic sales and other distributions of XRP in exchange for goods and services. This case is a testament to the evolving nature of regulations in the crypto space and the challenges faced by both regulators and crypto companies. As the legal proceedings continue, the crypto community will be keenly watching the developments, given the potential implications for the broader industry. While Ripple faces the SEC, Binance confronts its own set of challenges. By the way, if you're enjoying our in -depth analysis, ensure that you subscribe and get notifications. Let's delve into what's brewing between Binance and Checkout .com.
The Breakdown
A highlight from Tornado Cash Sanctions Upheld In Court
"Welcome back to The Breakdown with me, N .L .W. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Saturday, August 19th, and that means it's time for the weekly recap. 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. Now, today we are catching up on a ton of legal updates that have happened this week. This continues to be the big theme of this bear market is legal cleanup, legal proceedings, legal blah, blah, blah, which unfortunately is just sort of part of the phase that we have to get through before we get to the exciting stuff like, you know, usage and excitement and whatever, anything that isn't just legal stuff. But here we are. However, I want to start with something that is a little bit more on the market structure side, given the dump that we had on Thursday. So in the middle of the week, the block started reporting that yet another crypto market maker was pulling back. Apparently, longtime crypto market maker GSR has been scaling down operations during the bear market. Now, this is a firm that has been active in crypto order books since 2013. They had already conducted two rounds of layoffs and appeared to have also lost multiple executives and department heads. The firm's chief financial officer, Jonathan Hu, has been the highest profile departure. He joined the firm in 2021 and helped build out the company's finance department. Anonymous sources speaking with the block criticized the firm for expanding too rapidly during the height of the bull market. GSR brought on scores of traditional financial professionals to help expand the firm. In 2020, the firm had just 25 employees, but the number went up to more than 300 at its peak. One source said, quote, The executive team is mostly friends, and I think it threw off a lot of the momentum GSR built in the previous cycle. They hired a lot of corporate Wall Street executives that came in at the top with the bull market, which ended up costing the firm dearly. Another source said, quote, Some of the leadership is out of touch with true crypto. Now, a spokesperson for GSR said, Our business operations and strategy have evolved naturally to respond to changing market conditions, and there has been no restructuring. GSR president Rich Rosenblum took this even farther. On Wednesday, he wrote, Regarding the block's reporting yesterday, we worked with the reporter in good faith, but it's clear the story was always intended to be a negative one regardless of the facts. Here is some additional color on GSR. GSR's business is strong. We have navigated three volatile bear markets successfully without raising outside capital. The firm has a solid balance sheet. We continue to be profitable and increase our market share regardless of market conditions. The article tries to suggest that departures over 18 months are more than bear market norms. We've had many personnel changes over the last decade, but juxtaposing it alongside strategy changes in a bear market to write a sensational piece is irresponsible. We aren't going anywhere, and we continue to be very bullish. We are one of the longest operating and one of the best funded companies in the space. We stand stronger and better positioned now than at any other point in our history. Obviously, this has gotten very quickly into a he -said -she -said, but mostly why it's worth paying attention to, at least with a little bit of side -eye, is what Noelle Acheson wrote, More market -maker scalebacks is not great for crypto market liquidity, which is already low. With that, though, let's move into the legal stuff. First, a group of investors and developers have lost a lawsuit which challenged the legality of the tornado cash sanctions. The litigation, which was funded by Coinbase, claimed that the US Treasury had exceeded its authority in dealing with tornado cash using sanctions law. In coming to their decision in a district court in Texas, the judge found that tornado cash itself was sufficiently coherent in operation to be considered an entity capable of being sanctioned. The Treasury Department can only sanction entities such as individuals, companies, or unincorporated associations. The judge found that the Treasury had identified an entity when it designated tornado cash as including the developers and the DAO which governed the operation of the mixer. The judge wrote that, The DAO is an entity unto itself that, through its voting members, has demonstrated an agreement to a common purpose. As the government notes, the structure is not unlike that of stockholders of a corporation who may not intend to vote in a shareholder meeting without this affecting the structure of the entity. They ultimately found that adding tornado cash to the sanctions list was not plainly inconsistent with its regulations. The judge also rejected the argument that there was no property which could be the subject of sanctions. Litigants claimed that the tornado cash entity, whatever that constituted, does not have property rights in the smart contracts identified by the Treasury. Sanctions can only prohibit US citizens from transacting with sanctioned entities in relation to property, so their use to prohibit interacting with a smart contract was a novel application of the law. The litigants also made an argument that the sanctions violated First Amendment rights to free speech. The tornado cash sanctions were somewhat unique in that they prohibited US citizens from transacting in a privacy -protected manner. The Treasury is not allowed to sanction US individuals, so there was an argument that prohibiting them from using tornado cash was unconstitutional. Now, the tornado cash sanctions drew widespread criticism from the industry when they were put in place last August. The measure was taken ostensibly to deal with North Korean hacking group Lazarus. However, critics said the sanctions were too much of an impingement on privacy and crypto. Coin Center have filed their own legal challenge to the sanctions which is yet to be heard. Next up, the SEC has been allowed to move forward with an appeal in the Ripple case. The regulator is attempting to appeal the parts of the case which were decided against it. Namely, that the programmatic sales of XRP tokens and distributions to employees and contractors were not to be considered the sale of securities. The SEC requested leave to file a motion to appeal last week, to which Ripple objected, claiming that The judge has now granted this leave to file the motion. Once filed, the court can either accept or reject the SEC's reasoning to appeal the decision. If successful, the appellate court would also need to agree to hear the case and then determine whether the SEC is successful in their appeal. Bill Hughes tried to sum up some of this extreme legal complexity saying, The court has not granted leave to appeal. It granted leave to file a motion for leave to appeal. The court just decided, yeah, we can deal with this issue. Again, guys, this is the kind of minutiae that we're dealing with right now. Ultimately, it's important, but I don't think any of us will be sad for the days when we get to focus on other things. Speaking of other things, the Federal Reserve has brought an enforcement action against Farmington State Bank, which used to be known as Moonstone Bank. Moonstone was the tiny bank in rural Washington which accepted an $11 .5 million investment from Alameda Research in March of 2022. The thing that made that investment notable and weird was that it was more than double the bank's entire net worth at the time. Moonstone also had ties to Deltech Bank Executives, which is the Bahamas bank that notoriously dealt with stablecoin issuer Tether as a customer. Moonstone was one of the smallest federally chartered banks in the country. Indeed, last year photos circulated of its headquarters, which appeared to be a farm shed with a pickup truck parked out in front. In January, the microbank announced that it would be stepping away from plans to offer banking services to digital asset and cannabis companies. But, apparently unimpressed with this concession, the Fed has now ordered the bank to wind down in a manner that protects the bank's depositors and the deposit insurance fund. Farmington has also been prohibited from distributing any dividends or assets without approval from regulators. Caitlin Long writes, Wow, Moonstone Bank, aka Farmington Bank, is liquidating after the Fed issued a cease and buy a small existing bank and chain business plan, currently underway by crypto or crypto -adjacent companies. Bitcoin or TBH joked, Both residents of Farmington are quite concerned about this turn of events. Caitlin Long again responded and said, That's what happens with charter strips. Companies search for tiny banks, acquire them, and change the entire business plan thereby skirting all the requirements of starting a De Novo bank. Fed policy favored charter strips by holding them to a far, far lower standard than De Novo's. Speaking of Alameda and FTX, FTX and Genesys have reached an agreement on lending arrangements between the two firms and the disposal of collateral. Genesys will pay $175 million to Alameda Research to settle their claims. Genesys lawyers wrote in a court filing that, The settlement will, among other things, significantly smooth the path to confirmation of the Genesys debtors' Chapter 11 plan of reorganization, as well as eliminating the risks, expenses, and uncertainty associated with protracted litigation among the FTX debtors. FTX had originally filed the claim for $4 billion in May, Genesys counterclaims stating that they had $175 million stuck on FTX after it collapsed. In other words, both firms had outstanding loans with each other at the time of their respective bankruptcies. Genesys interim CEO Darar Aslim said, The terms of the settlement agreement provide significant and near -term benefits to the Genesys debtors and their creditors, in contrast to the uncertainty and expense of fulsome litigation of the FTX claims and Genesys claims. This settlement will extinguish all claims between the firms, which is potentially problematic given that they are significantly less than FTX had originally claimed from Genesys. Adam Cochrane wrote, Barry paid $175 million on a $4 billion debt position, and it means that Genesys claims from FTX are settled and can't go back to DCG and Grayscale? This is a damn good deal for DCG but horrible deal for FTX creditors. And indeed, FTX creditors are not happy. At a FTX creditor on Twitter says, FTX asked court to settle Genesys dispute for a $175 million Genesis claim, the release of a $175 million customer claim and near -worthless Alameda claims. Down from first $3 .9 billion to $2 billion asserted, this must be the worst deal to date, especially in the light of the new DCG -Genesis -DOJ investigation. Genesys claims are currently worth more than FTX's even as Genesys lender balances are inflated by the interest they earn from lending, among others, to Alameda. Genesys was repaid by Alameda quote -unquote with billions of FTX customer funds in 2022. Coins they hold may be directly traced to FTX customer deposits. We expect the UCC to object to this quote -unquote deal. Now, there is, of course, a different interpretation than just Barry negotiating a great deal. Napgener tweets, Again, my timeline is way off here. Everyone is raging at the FTX estate. I mean, basically, FTX is not going to settle for that little unless Genesys is truly cooked. Barry Silbert is in big trouble. Now, obviously, we don't know the answer to that, but it certainly doesn't look good and feels like a pretty reasonable open question. Lastly, today, we'll end on a little bit of a positive note. Coinbase had been granted approval to offer crypto futures to U .S. customers. Nearly two years after applying, the National Futures Association granted a license to Coinbase, which will now be authorized to operate CFTC -regulated futures markets. Coinbase joins the CME and the recently approved CBOE in offering the products legally onshore. Andrew Sears, the CEO of Coinbase Financial Markets, said, Offering U .S. investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the crypto economy. CFTC Commissioner Christy Goldsmith -Romero said, I have been vocal about the benefits of bringing appropriate crypto activities into the regulated space in order to protect customers but in a way that supports oversight, accountability, transparency and risk management. JP Morgan analyst said the license will open up new revenue opportunities and demonstrated, quote, the staying power of crypto markets in the U .S. They estimated that futures trading could represent hundreds of millions in new business to Coinbase. Coinbase product executive Greg Tussar said, We believe this is a watershed moment to be able to bring regulated crypto products to U .S. customers. Where regulations are clear and sensible, we will work with regulators to receive the authorizations needed to offer products that align with our purpose of using crypto to update the financial system to advance economic freedom and opportunity. Congrats to Coinbase on that license. And thank you to them for giving me something to close the weekly recap on that isn't just a legal decision. Anyways, guys, hope you are having a great late summer weekend. Enjoy it. Soak it in. I know for many of you, summer is the best. For me, it's always all about fall. So with that, I leave you to go grab some old painting from a goodwill so that I can do the ghost painting trend on TikTok with my family this weekend. Until next time, be safe and take care of each other. Peace.
CoinDesk Podcast Network
A highlight from THE HASH: Headlines | Top Stories of the Week 08-14-23
"You're listening to The Hash Headlines on the CoinDesk podcast network. Get caught up on this week's top stories from the hash crew. And just a reminder, CoinDesk is a news source and does not provide investment advice. Monday's top story. We are joined now by a special guest to help us unpack the latest development and its significance. Joining us is Ira Lee Sorkin. He's the former attorney for Bernie Madoff and a current partner at Mintz & Gold. Ira, how are you today? Good. Thank you. So first of all, top, I just want a high level, informed perspective on this SPF thing. You've seen some major cases play out in your day. Is there anything that is especially striking or notable about the SPF case here and now? What are your high level thoughts? High level thoughts? The media interest. Next question. All right. Let's do it. All right. Next up. Next up. Media interests. All right. So he's in jail now. He's waiting for his October court date behind bars. You gave a similarly concise comment to CoinDesk back in December saying that Sam Bankman -Fried should quote, just shut up already. Sorry, I paraphrased you, but basically it was shut up. Those were the two words of advice that you provided to Sam Bankman -Fried. I don't think he took that because the judge said he was really pushing the envelope with his communications with various witnesses. Is that still the piece of advice that you would share to Sam Bankman -Fried if you were his counsel now? I mean, there's no need for him once he was made bail for him to discuss the case, to share his thoughts about the case with any party other than his counsel. And quite frankly, the amount of documents, and I say this with the understanding that Minson Gold does not represent anyone in this case. We certainly don't represent Mr. Bankman -Fried. We don't represent any witnesses. We are not involved in the case. But the standard conduct that every defendant who makes bail is told, do not discuss the case, don't discuss it with any potential witnesses, don't discuss it certainly with the press. The only person you should talk to is your counsel. And there are ways to deal with other witnesses in the case, such as through counsel and a process called a Joint Defense Agreement, where the lawyers can talk to one another pursuant to an agreement, and it protects the attorney -client privilege, and it gives the opportunity for all counsel in the case, whether they are defendants or unindicted co -conspirators or conspirators, to be able to share information amongst the lawyers without their clients being present. So those are the general rules. There's nothing unusual about this particular case. When Sam Blankman -Fried made bail, he was specifically instructed not to discuss it with anyone, discuss the case with anyone, don't discuss it with any potential witnesses, don't share what you are given in the way of the mandatory discovery that the government's required to give to all defendants. And, of course, we have another situation going on in Washington, D .C., and in the Southern District or the Middle District of Florida, I think it's the Southern District of Florida, where a rather prominent individual was given the same instruction by the judge. It's standard, and that's the way it's done. If you violate the bail conditions, which Mr. Blankman -Fried violated according to the judge, then he faces the consequences and the consequences are jail. My understanding is that he's going to appeal it. He's got a very good lawyer representing him, and they're going to appeal it, but the chances of him getting out pending the trial, I think, are very slim. These are decisions made by the district court judge, who happens to be a judge of many years, very well respected, very smart, and the court of appeals is not going to question, I believe, his decision because he knows the record, and he knows what the bail conditions are.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. 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 rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .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.
The Crypto Overnighter
A highlight from 643:Ripples Legal Dance, CFTCs Crypto Focus, and Shibarium Stumbles
"To those who visit Mickey D's for their favorite breakfast item and then go somewhere else for coffee, give this Mickey D's brew a second chance. The glow up was real. Try any size iced coffee brewed with 100 % Arabica beans for just 99 cents until 11 a .m. and pair it with a savory Sausage McMuffin with Egg for $2 .79. Prices and participation may vary, cannot be combined with any other offer. Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Thursday, August 17th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. First, though, I need to let you know my anniversary is coming up. My wife and I are going to be heading out of town, so I would not expect any new episodes on Monday the 21st through Wednesday the 23rd. Tonight, however, we delve deep into Ripple's courtroom battles with the SEC. We'll explore the shifting regulatory roles as the CDFTC targets crypto scams and witness the turbulence surrounding Shaberium's launch. Bittrex Global makes a significant shift in their regulatory stance, while PayPal ventures further into the crypto realm with Ledger. Finally, Dubai's Vara puts a damper on OPNX's operations as the platform faces heavy fines. A federal judge has permitted the U .S. Securities Exchange Commission to argue its right to appeal against a ruling. This ruling stated that Ripple did not breach securities laws when making XRP accessible to retail traders via exchanges. Judge Annalisa Torres of the U .S. District Court for the Southern District of New York approved the request. The SEC has until Friday to file the motion. Ripple then has until September 1st to respond, and then the SEC can reply by September 8th. If the SEC's motion succeeds, they can then seek permission from an appeals court to file the actual appeal. Ripple's chief legal officer, Stuart Alderati, expressed the company's opposition to this request. The price of XRP remained relatively stable despite that order, with a minor 4 % drop over the last 24 hours. The SEC's decision to appeal is significant. It indicates the agency's determination to set a precedent in how digital assets like XRP are going to be classified and regulated. The outcome of this case could have far -reaching implications for the cryptocurrency industry. The SEC's persistence in this matter underscores the regulatory challenges facing the crypto space. It's a clear sign that regulatory bodies are keen on establishing guidelines and rules for digital assets. Bill Hughes, senior counsel and director of global regulatory matters at Consis, commented on the SEC's uphill battle. He mentioned that the legal standard is tough to meet, and the specifics of this case do not favor the SEC's argument for an appeal. Dave Rodman is the founder and managing partner of the Rodman Law Group. He added that even if the SEC wins appeal from both Judge Torres and the Second Court of Appeals, the circuit court might halt all proceedings until the appeal is resolved. Brad Garlinghouse, Ripple's CEO, in a recent interview expressed confidence in the ongoing legal process. He believes the SEC would face a lengthy appeal process and remains optimistic about Ripple's position. The broader crypto community is closely watching the developments in this case. The final outcome could set a precedent for how other cryptocurrencies are viewed and regulated in the U .S. The case underscores the need for clear regulatory frameworks for digital assets, ensuring innovation thrives while protecting investors. While Ripple stands firm against the SEC, another regulatory body, the CFTC, is stepping up its game against crypto scams. Hit that follow button to stay updated on the regulatory dance between the CFTC and the SEC.
Thinking Crypto News & Interviews
A highlight from Fred Rispoli Interview - The SEC's Appeal of the Ripple XRP Ruling Explained! Coinbase & Grayscale vs SEC Cases
"This content is brought to you by Link2, which makes private equity investment easy. Link2 allows you to get access to companies before they go public, before they do an IPO. Within their portfolio includes fintech companies, artificial intelligence companies, as well as crypto companies. Some of the big crypto companies in their portfolio include Circle, Ripple, Polysign, Chainalysis, Dapper Labs, Ledger, and many more. So it's a great way to diversify your portfolio to get access to equity. So you may invest in crypto, stocks, ETFs, but now you can get access to equity in these companies before they go public. And obviously that can be very beneficial from an ROI standpoint. So if you'd like to learn more about Link2 and diversifying your portfolio, please visit the link in the description. Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. With me today is attorney Fred Rispoli, who's the founder of Hodl Law. Fred, great to have you back on. Oh, thanks for having me on, Tony. It's early over here on the West coast, but I do this for you because I love you. I appreciate it, man. I hope you had some coffee. I'm about to throw a bunch of questions at you. So Fred, you know, last week, we heard from the SEC that they're filing a motion to be able to appeal some of the rulings by Judge Torres. Can you break that down for us? What are they trying to appeal and what would be the next steps? Yeah, I think before I answer your question, the first thing for XRP holders in the community is take a deep breath and relax. Don't flip out because you saw this get filed. This is very normal in the course of litigation. And, you know, there's always seven different directions litigation can go and there's a lot better ways it could have gone. But this was the most likely event is that if it wasn't going to be now, it was going to be at the end of trial. So just take a deep breath. You know, the good news is is everything in play right now in the sense of it's good for the XRP. XRP itself is not a security programmatic sales are not securities transactions. So that's the law until it isn't. So deep breath, you know, go forward. And then, you know, to answer the question. Well, you know what? I forgot what you asked me. What was that again? Oh, so so the SEC didn't actually appeal yet, but they filed a motion to be able to appeal, right? Can you tell us about that? What's the difference? You know, why can't they just appeal right away? Sure. So, you know, when you are going to appeal, you usually want a final order, and that's not given until the very end of the case. The case isn't going to be in that final order spot until sometime in the fall of twenty four, because the trial's not scheduled until sometime the second quarter of twenty four. It's going to be a long trial. And so once you get in an order when everything's over, that's when you get your right to appeal. Everybody can appeal any part of the case. Now, because the some of the issues were disposed of its summary judgment, Ripple won some and the SEC won some, that it's kind of basically hanging around until the end of trial. SEC doesn't like that and they want to file their interlocutory appeal. But you have to meet certain bars in order to get that done. You have to have the court allow it and then you have to have the second second circuit say, OK, we'll take it to Judge Torres could say, no, you're right, SEC. Let's go ahead and get this up to the second circuit or at least I will approve it. And the second circuit could say, no, we want to wait for whatever reason. And we're not even they don't have to give a reason. They can just say request denied. So to start out at the first stage, the SEC is asking the court, let us go ahead and get this briefing going and we want to ask you if we can do this. So this first letter is just letting the court know they're going to do it. And, you know, barring the court, I don't even know if the court's allowed to say no. This is a letter. This isn't a brief that we saw. What's going to happen is she'll set a briefing schedule and that'll go forward. I think really the only thing that might be at issue is the briefing schedule from what the SEC proposes. Ripple might it'll be interesting when Ripple comes back with their letter on Wednesday, they might propose a very much longer briefing schedule. They'll be the SEC now saying, no, we need extra time. Let's get this thing started. And so that'll be interesting to see what they do there. It'll also be interesting to see if they say, yeah, you know, do they agree with it and say, we're going to appeal what we lost as well, or are they going to oppose the whole thing? Yeah, that makes sense. So next steps would be, like you said, Judge Torres could say, OK, I agree or I don't agree. And then even if she does agree, Second Circuit could say, no, let's wait till this is all wrapped up. That's kind of the gist of it. Pretty much. And we'll see, you know, what the briefing schedule comes out with. And, you know, the SEC has a very quick briefing schedule they propose, and it's in line with what the rules of court are. But that rarely was the was the rule during litigation. In fact, in almost everything, they both agreed the SEC and Ripple to extended briefing. And, you know, both sides are only too happy for it, because the SEC, as you can, as one can tell, from watching this litigation, wasn't that prepared to handle all the attacks that Ripple threw at it. And obviously, the lawyers on Ripple's side were all too OK with getting extra time to really get their ducks in a row on the briefing side. So I would think that the briefing schedule is going to be a little bit longer is what is ultimately agreed to. And, you know, we're not going to get a decision from the judge until maybe October -ish, end of October. And, you know, we'll have to see what goes there. But I'm happy to speculate on what the judge will do if that's the next question. Yeah, I mean, so let's say in a scenario that the SEC does get the approval to do their appeal and so forth, and it goes all the way there. What would be the timeline for that? Is it also like this is going to be drawn out over the next two years? It wouldn't be that long. It could be a little bit shorter than the average. I'm about to tell you, just because this is it's an interlocutory appeal. If the Second Circuit takes it, that means that the court had the Second Circuit is getting something from the Southern District, which is, you know, a big financial hub district court in in our country. And so, you know, the Second Circuit knows that this is an important case. The Second Circuit knows, hey, the judge actually allowed this. Most judges would probably deny interlocutory appeals. If you're not even if you're going by as a general matter, just because they're messy, because the whole case isn't finished. And so the Second Circuit could say, all right, well, the court allowed us to take it. We're looking at it, it is important, we're going to take it. So they usually have been running like a nine to 10 month runtime between a decision and the end of briefing. So what will happen if the Second Circuit takes it is they'll say we've accepted. Here's the briefing schedule. The parties do their opening brief on this day, their oppositions, and then their replies. I have to re -review my appellate law. I don't know the rules on replies on that third extra brief if there is one. It could just be opening brief in opposition, especially if both sides bring issues to the appeal. The and then so that'll take a solid at least two to three months to get that briefing schedule done. So I can't see if everything happens lightning fast. I can't see the briefing being all complete until early 24. You know, unless there's an expedited briefing schedule. So you're still not looking at a decision from the Second Circuit until summer of 24, you know, maybe even the end of 24. So even if all of this goes at a lightning quick pace, you've still got a before we'd hear from the Second Circuit. And then to clarify, the SEC is looking to appeal not that the asset XRP is intrinsically a security, but rather the program programmatic sales, right? Is that correct? Well, they put something in their letter saying that, and that doesn't mean they're held to that specifically. And I would just say to caution anybody that's too happy about, you know, not seeing them attack XRP is a security or XRP is not a security in in and of itself. You know, they could, in their objection to what they lost of the you know, there are two out of the three buckets that they lost programmatic sales and other sales like awards to employees and gifting of XRP. They could sneak in the fact that they're going to argue XRP is in itself a security by the very nature, which is why the court got it wrong. Because you have to consider it a security in the context of programmatic sales. I'm not saying it's a good argument, right? I'm just saying that there's nothing that would prevent them from doing that and kind of sliding it in there. And so I wouldn't bank on the fact that that can't ever go away. At least that they can't argue it based on the posture right now. You know, I think it's a loser argument. And it would be hard for even the Second Circuit to say yes, this asset itself is a security. But I don't put it past the SEC trying to argue it as a side issue in the appeal. Hmm. Yeah, they could come up with anything. I wouldn't put anything past them. And so hard question for you, you know, as far as probabilities, let's say, you know, this appeal or motion to appeal getting denied versus getting approved. What would you say are the chances of denial versus approval? I'm leaning towards denial right now. What would change is if Ripple files their response. And for whatever reason, they've done the calculation on their end. And they say, listen, we know the appeal is coming after the trial with Brad and Chris. And we think we want to just get it out of the way now. You know, if I was at Ripple, I would say delay, delay, delay that now that you're in the driver's seat, but maybe there's reasons why they might want to push it. So if they say yes, we agree, let's get this up. But we also want to bring our our loss to the table. So go ahead and certify that as well. Then I think, you know, there's a I don't even think it's 100%. But I think there's a 70 80 % chance she grants it if ripple joins in and says, put our thing in there too. And we agree, let's do it. If ripple opposes it and denies it, I think there's a I think it flips the other way. And there's a 60 70 % chance she deny it just because you get into a big mess of the trial itself. You know, on the one hand, if ripple if there is an appeal and ripple wins on everything, then the trial would be over and there would be no trial because the whole case would be over. But on the on the other hand, obviously, there would be more to do at the trial if she gets overturned on the programmatic sales. If you play it out a little bit, is it really that much? It's the same. There is a lot of the same evidence. There are different things. I mean, it definitely would have an impact on the length of the trial. But I think that, you know, the court says, listen, we've got this trial coming. We've got, you know, these these issues that are appealable and not appealable because they're going forward. We're sorry. We've got these issues where only some of them are related to the way the trial is going to be. The others have taken off the table by by summary judgment. Let's just get everything done. And then you can have one clean appeal at the end, because at the end of that, you know, Brad and Chris have their rights at issue, too, because they whatever their trial is going to be about, you know, they don't want to have to do it in multiple rounds and stages. And they also don't want to be put in limbo. And so because you've got those two individuals, let me put it this way. I think if there was no Brad and Chris, and it would have gone into the remedies phase at this point, because there would be no trial against and individuals we're talking about damages, then there would be more of a much higher likelihood of an interlocutory appeal being granted. But because we have actual people being held out on these charges, I think the judge is going to more lean towards getting that tried. Yeah, that makes sense. And, you know, with the trial with Brad and Chris, does that impact, you know, the SEC's appealing anyway? Or is this kind of like a separate thing, branching off from, you know, what has happened? Because it doesn't seem like they're trying to do anything there, but they're involved to your point. Yeah, I mean, it's, it's derivative of the main set of facts. So we have what Ripple did, and how they use sold, distributed XRP. And then how that happened in the case. And then what did Ripple do? And then what did these two do as the, you know, CEO and chairman of Ripple? And it's the small potatoes of the case in the sense of, yeah, there's definitely money at stake. And it's not small potatoes to Brad and Chris. But the legal issues were the were the key facts of the case. And those have already been decided. So, you know, I always think a lot of other legal minds on this was adding Brad and Chris was just to intimidate and scare and there was a very weak case. So I don't think the SEC is as invested in going after those two as they are now. Unless it gets a little bit better if say programmatic sales and these other distributions are thrown back into the mix, because then there's more they can, the SEC could in front of a jury and say, well, you know, again, this is assuming that the appeal and Judge Torres is overturned. The jury can see a lot more information about the evidence about programmatic sales in addition to institutional sales. So there's more to kind of throw at the wall. But you know, I think because the main issues have been decided by law, that's kind of it's kind of something that's just still hanging out there that the SEC probably wishes it wasn't Let's say the scenario where Ripple does decide to appeal, you know, the institutional sales and to find they would have to pay there. Do you think they have a strong chance of winning that or reversing that? I would be hesitant to be more confident until I gave myself a better review of who's on the fair. It may not even be accurate, but it's my perception. And, you know, I think it's important to look at things kind of the way they are and not just, you know, how you would look at it from a legal perspective only, which is how old are the judges that are going to get the case in the Second Circuit? Because and I haven't done this breakdown yet. I want to I don't have any time, but it looks like when you start seeing these crypto cases, the judges that are closer to their 40s and 50s rule one way and the judges that are in their 70s and 80s rule another way. And, you know, it's unfair. And, you know, I'm not saying, you know, there's I'm sure there's judges in their 40s and 50s that have no idea how crypto works. And I'm sure there's know how it works and can understand the concepts. But, you know, it's undeniable that there has been at least anecdotally, from what I've seen, you know, the older the judge, the more they're inclined to say, or at least go with the SEC's theory. So the way the Second Circuit works is there's a lot of judges, and three of them will get picked out of a number. You know, I think it's three will get picked assigned to the case. And, you know, we always talk about how lucky Ripple was in the XRP community with Judge Torres. You know, you got to get lucky or at least in a good shot again with the panel that's picked on the Second Circuit to really figure out where it's going to go. Because that's just going to be critical to who the mindset of the judges that are taking the case. But I do think if we're talking about it just from the law, I do think I think what the appeal would happen is potentially going well, you know what, I'd have to think about a little more right now, I'd probably be 50 -50 that they would just be inclined to keep what Judge Torres already did and affirm. The other possibility being I think it would get flipped one way or the other, which is it's not like they would say institutional sales were actually good, but now programmatic sales were securities. I think the Second Circuit would go if they're going to reverse anything, everything was a securities transaction or nothing was. Wow. So, you know, like you said at the beginning, right now the ruling, the law is XRP is not a programmatic sales are not securities offerings. And we'll see how all these attempted appeals by the FCC go. And it's still going to be something that's a year away for the most part and not something that's happening next week or next month, right? Exactly. Bottom line, everything is as it is from the July 13th order, and that's going to likely stand for at least a year. Now, there are ways things can get fast tracked, but I think even if they're fast tracked as maximum as possible, I think end of spring 24 maybe is the earliest you could get a response on this interlocutory appeal. It's just not anything that's going to be happening anytime soon, certainly not by the end of this year. And, you know, my hope and I think the easiest way to solve everything is to get legislation. And so if that's why I'm thinking if I'm Ripple Labs, I would try and delay everything as much as possible, because if you can get everything out to beyond the election, if there's a change in administration, there'll be a change in the guard at the SEC. And, you know, it doesn't necessarily mean good things will happen, but it's much more likely good things will happen than where we sit now. Oh, for sure. Now, we've seen that many folks in the industry are using this ruling, even members of Congress, you know, talking about the ruling and the need for regulations and so forth to push their bills through. But Coinbase in particular, we know their chief legal officers have been meeting, teaming up, I'm sure sharing notes as, you know, the secondary market sales ruling case law can be used in their defense as well. And we saw a ton of people file amicus briefs on behalf of Coinbase. You know, what are you seeing on that front and any thoughts on what's been happening? Well, I would say first off credit to the entire Ripple community, the entire XRP community, especially led by John Deaton on the as the first of the first to kind of go in on that amicus ruling. And then that helped trigger the way for all the other amicus briefs in the Ripple Labs case, because that was not really a thing beforehand, you just didn't have that in the district court. And so once that started to roll, then you've seen it happen out a lot of other cases, the Coinbase insider trading case, there were a lot of amicus briefs. And now here in Coinbase, the Coinbase case, I mean, that's all from, you know, Ripple and the XRP community. So everybody needs to pat themselves on the back for that one. You know, with that, you know, I think that it's very good, it's, it's good for the district court judge to see all that because then the district court knows that this isn't your typical case, this isn't your average situation, there's something wrong here with the way the SEC is on a procedural ground that Ethereum case, you know, the judge in that one said, you know, I'm not going to do anything here, because you don't have standing, but it would really be great if the SEC actually gave some guidelines instead of their piecemeal litigation approach. So you know, that is a, at least a recognition, another recognition that judges are kind of getting tired with the way the SEC is doing this, because it's not really the way it should be done. You know, they've got rulemaking for a reason. And so bringing it back to the Coinbase case, you know, I don't have a lot of love for Coinbase, because we are suing them right now over the songbird airdrop, and the flare issues that they fail to do, you know, they're trying to dismiss the case and not let it see the light of day. So I'm not gonna lie and say I was tempted to file some type of amicus brief going the other way and actually being for the SEC. But I was like, you know what, you got to put the dislike of what Coinbase did to customers over the actual issues that they're fighting about there. So I, you know, I kind of, I just bit my tongue and let it play out. And I do hope they win. You know, I really do hope they beat the SEC on this one, but I'm not a fan. I don't, a motion to dismiss is hard to win. You've got to show that there are no facts, no matter how they can be portrayed, that the SEC alleged. And so it is an issue of, you know, there are some, it's a lot of legal issues of law and not as much fact thrown in on this motion to dismiss. And the huge thing is you've got a member of Congress submitting something in support. And so that never happened before. Where, where were they when all these other cases were happening? I don't know, but you know, glad they showed up to the party. So it'll be really interesting, but again, you're not going to see, or you're probably not going to see a ruling there until October, November, maybe even December. Yeah, probably closer to December. And so it'll be, you know, another thing that we're going to really see what happens. Yeah, it's, it's interesting. And look, I'm hoping Coinbase wins to your point, but yes, I'm also concerned about the flare songbird thing. You know, they did not do a good job there. That's bad business practice when all the other exchanges were, you know, doing, you know, distributing the, the airdrops that are rightfully to the holders. So yeah, it's kind of like the enemy of my enemy, right? Yeah, exactly. So, you know, I grit my teeth and say, go Coinbase, beat the SEC, but that's where it stops. Sure. Final question here before I let you go. Any, I don't think we've heard anything about the Grayscale suit because, you know, obviously these Bitcoin spot ETF applications are in play. My thoughts are Gary is going to try to time the approval of like, let's say BlackRock ETF with maybe if there is a news of him losing to Grayscale and try to bury that news. Any thoughts on that and any dates that you are aware? Yeah, I think we are not going to get any decisions on the ETFs until that Grayscale case is decided. Just as a recap, that's in the DC circuit of appeals right now, oral argument was in March of 23. And if you go by when the rulings should be dropped, we're in that window of when the court would likely release its ruling, those courts or that court typically releases its opinions at 11 AM Eastern on Tuesdays and Thursdays. So, you know, anybody that's really watching things, those are the times, you know, tomorrow next or this Thursday, any day, Tuesday and Thursday, we're going to get a ruling. I mean, it is coming out any day. And if the court, you know, doesn't smack the SEC on the back of the hand, then I think you're going to get a lot of delay in the ETFs. I think if the court basically, you know, comes out the way a lot of people are banking on it that, you know, Grayscale is going to win in some way, then you see the ETFs start getting approved or at least timed. You know, we've seen I forget who put it together. I wish I could give him credit, but the timeline, maybe it was Elliott Fox, but the timeline of when Gary does something or Congress does something and Gary basically one ups them every time and file something. So there's definitely going to be some political maneuvering, however, that Grayscale case comes out. But I don't think you're going to see anything until that case is decided. Yeah. Well, yeah. And I hope Grayscale wins. I hope Coinbase wins, but, you know, we'll have to wait and see. The other thing that's interesting is on those ETFs, Grayscale, the last one, I think it was the ARK 21 ETF. There's a comment period that's open. You know, people can go online and read the comments, but Grayscale submitted a comment letter saying you should, they were kind of like, you should deny this ETF only because ours was filed the first, we were the first of the first. And for you to grant any of these on basically the same reasons that we wanted one granted, but now you're going to come up with this, you know, new idea or new because Coinbase is the surveillance sharing agreement. You know, that's ridiculous. You're, actually opposing some of these ETFs again, because it's in their best interest to not have another one be granted before theirs is granted. So there's a lot of politics going back and forth. You know, I do think, well, I don't think you're going to hear anything about ETFs until the Grayscale decision. Thankfully that's happening any day now, any Tuesday or Thursday now. And if it's go, if it's good and we get a positive ruling for Grayscale, then I think within the next month or two, you'll start to see them getting approved. Hmm. Oh man. Well, I hope it's sooner than later. Obviously I'm biased there, but Fred all this great information, man. Thank you so much. All right. It was great being on here. You know what? I'm kind of awake now too. So I'm going to attack the rest of the day instead of going back and taking a nap. Awesome, man.
CoinDesk Podcast Network
A highlight from THE HASH: Bernie Madoff's Former Attorney Reacts to Sam Bankman-Fried Being Sent to Jail; Trump's Crypto Bags
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, Web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hey there. Happy Monday and welcome to Coindesk TV. You are watching the hash. I am Zach Seward. We have Jen Sonasi, Will Foxley and Wendy Oh. We are going to get you up to speed on all that's going on in the world of crypto. You guys ready for this thing? Let's do it. I'm starting off the first story of the day. Friday, Sam Bankman Fried got his bail revoked and was shown to a jail cell. We are joined now by a special guest to help us unpack the latest development and its significance. Joining us is Ira Lee Sorkin. He's the former attorney for Bernie Madoff and a current partner at Mintz and Gold. Ira, how are you today? Thank you. So first of all, I just want a high level, informed perspective on this SPF thing. You've seen some major cases play out in your day. Is there anything that is especially striking or notable about the SPF case here and now? What are your high level thoughts? High level thoughts, immediate interest. Next question. All right. Let's do it. All right. Next up. Next up, immediate interest. All right. So he's in jail now. He's waiting for his October court date behind bars. You gave a similarly concise comment to CoinDesk back in December saying that Sam Bankman Fried should quote, just shut up already. Sorry, I paraphrased you, but basically it was shut up. Those were the two words of advice that you provided to Sam Bankman Fried. I don't think he took that because the judge said he was really pushing the envelope with his communications with various witnesses. Is that still the piece of advice that you would share to Sam Bankman Fried if you were his counsel now? I mean, there's no need for him once he was made bail for him to discuss the case, to share his thoughts about the case with any party other than his counsel. And quite frankly, the amount of documents, and I say this with the understanding that Vincent Gold does not represent anyone in this case. We certainly don't represent Mr. Bankman Fried. We don't represent any witnesses. We are not involved in the case, but the standard conduct that every defendant who makes bail is told, do not discuss the case. Don't discuss it with any potential witnesses. Don't discuss it certainly with the press. The only person you should talk to is your counsel. And there are ways to deal with other witnesses in the case, such as through counsel and a process called a joint defense agreement where the lawyers can talk to one another pursuant to an agreement, and it protects the attorney -client privilege, and it gives the opportunity for all counsel in the case, whether they are defendants or unindicted co -conspirators or conspirators, to be able to share information amongst the lawyers without their clients being present. So those are the general rules. There's nothing unusual about this particular case. When Sam Blankman Fried made bail, he was specifically instructed not to discuss it with anyone, discuss the case with anyone. Don't discuss it with any potential witnesses. Don't share what you are given in the way of the mandatory discovery that the government's required to give to all defendants. And, of course, we have another situation going on in Washington, D .C., and in the Southern District or the Middle District of Florida, I think it's the Southern District of Florida, where a rather prominent individual was given the same instruction by the judge. It's standard, and that's the way it's done. If you violate the bail conditions, which Mr. Blankman Fried violated according to the judge, then he faces the consequences and the consequences are jail. My understanding is that he's going to appeal it. He's got a very good lawyer representing him, and they're going to appeal it. But the chances of him getting out pending the trial, I think, are very slim. These are decisions made by the district court judge, who happens to be a judge of many years and he's very well respected, very smart. And the Court of Appeals is not going to question, I believe, his decision because he knows the record and he knows what the bail conditions are. Thanks again for joining us this morning. I wanted to ask about the significance of being able to prepare for what's coming in October while in jail. How difficult is it? How difficult is it to talk with your lawyer or with your client during that period? Is this a huge disadvantage now going into October? It is a huge disadvantage because there are, from what I've read and heard, there are innumerable documents, many, many, many, many, perhaps millions of documents that the government is required to turn over to Mr. Blankman Fried's counsel. And having had clients who are incarcerated and not being able to make bail, it is very difficult in a paper case such as this to prepare for trial. The facilities at the Metropolitan NBC Brooklyn Center, where he's being held, very, very difficult to prepare. But this is something that I have no doubt his lawyers spoke to him about and I'm just speculating and said, if you stay out, it'll be much easier to prepare for trial. If you're incarcerated, it's very difficult. The facilities are bad. There is privacy, but to load in all the documents and all the information that the government is required to turn over to his lawyers is going to make it very difficult for him to prepare. But it's done. There are a number of people who don't make bail, but it's done. It just makes it a lot more difficult to prepare. I want to talk about these diary entries. They feel like the straw that broke the camel's back here. Sam Bankman Fried's attorneys say that he wasn't trying to tamper with witnesses, that they confirmed he did leak a few pages of the diary to The New York Times. Could this come back? Could it be brought up again once this does go to trail in October? And how might it affect his case? It won't affect it at all. The fact that he disclosed information to The Times or to any media. Let's make it general media. It's not going to affect the trial at all. It affected his bail, obviously, but it's not going to affect the trial. What he turned over, we don't know. I don't know whether The Times has published it or intends to publish it, but there are First Amendment and some freedom of press issues involved in that. And I'm old enough to remember the Pentagon Papers case and Daniel Ellsberg. And that didn't stop the disclosure of information that came to the press. But it didn't affect the trial and it won't affect the trial here either. I have a question for you. Myself and a lot of other people are speculating that Sam will be given special treatment because he comes from a family with a lot of influence and money. Do you think that that is something that we will see play out that he will be segregated away from the other inmates and he will receive special treatment while incarcerated? The short answer is no. He may be segregated. Often defendants who have some notoriety are separated. But the short answer is no. I don't believe he's going to get any special treatment in jail. Jail is not a very nice place, particularly the Metropolitan Correctional Center in Manhattan, which is closed, and the Brooklyn Correctional Center, which is open. And he will not be given any special privileges. And certainly the facilities do not consider the success or wealth of the family or those who put out the help.
WTOP
"us district court" Discussed on WTOP
"80s to around 90. Monday hot and buggy risk of some after thunderstorms and a high in the low 90s and right now Sean and Nick we've got a temperature of 78 at Reagan National. Alright thanks so much Mike. WTOP's Monday News 10 and 40 the past hour. It's brought to you by PenFed. Great rates for everyone. Let's go to Jeff Klaybaum. Apple is now a trillion dollar company. Its stock gained two and a half percent today closing at $194 a share valuing at three trillion dollars. Apple did hit three trillion dollars a year and a half ago in yesterday trading but didn't close there. Americans don't appear as concerned about the economy. The University of Michigan's Consumer sentiment survey rose to a four -month high this month. Homegrown burger chain Five Guys Burgers and Fries its opened first location in South Korea this week with some customers standing in line for 12 hours. The Washington Post reports that served 2 ,000 customers its first day. Five Guys opened its first location in Arlington in 1986 it has 1 ,700 now. The Dow gained 285 points today. The S &P 500 up 54. The Nasdaq up 197. The Nasdaq is up 32 % year -to -date now. Jeff Kleebel, WTOP News. It's 542 a man from Canada who was arrested with bomb making materials near former President Obama's home in DC Yesterday made his first court appearance today. Taylor Toronto will be charged in US District Court with threatening to blow up the former president's home. He was chased by Secret Service agents a few blocks from the home in Washington DC. Officers found multiple weapons inside Toronto's vehicle as well as materials that could be used to make an explosive device. Toronto who is from Seattle had been wanted by law enforcement for taking part in the January 6 riot at the Capitol. Authorities say he also uploaded videos to his YouTube page showing him inside the Capitol on that day. Linda Kenyon, CBS News, Washington. Coming up on WTOP, a couple of major rulings from the Supreme Court on the final day of its term, including the big one, President Biden's student loan relief plan going down the drain will go in depth with CBS News Chief Washington correspondent Major Garrett. It's 543. Diamond for diamond, no one compares with Mervis. Mervis At Diamond Importers, our natural diamonds come straight from the mines in Africa, and our mermaid lab -grown diamonds beat all others for quality and value. Come view our brilliant diamonds, both natural and lab -grown. Mervis are diamonds so bright and full of fire they will blow you away. So will the affordable prices. Our diamonds your heart,
77WABC Radio
"us district court" Discussed on 77WABC Radio
"Manhunt begins for ex Hogan aid after he skips court appearance I said wait a minute Not the Hogan Larry hog Authorities launched a manhunt this week for former Maryland GOP governor Hogan's ex chief of staff Roy McGrath following his failure to appear in federal court McGrath faced the charges of wire fraud Embezzlement and falsification had documents In connection with his obtaining of $233,648 in severance payment from the Maryland environmental service according to the whole newspaper McGrath resigned a few months into his service in Hogan's office Allegedly attempted to make a look as though Hogan had authorized the payout So that he could join the Hogan administration McGrath was pleaded not guilty He was scheduled to appear Before a U.S. district court in Baltimore Maryland at 9 a.m. on Monday his lawyer Joseph murta appeared unaware of the reason for McGrath absence saying we're doing what we can to make sure Roy is safe And we see him soon CBS News reported law enforcement did not locate a minimum to Florida home per the Washington compost The U.S. marshal service considers him a fugitive issued a wanted poster And this guy doesn't look like he can stay on the run for long mister producer Now and I'm looking for any comments by Larry Hogan He runs a tight ship You might be aware that I think the captain of the Titanic runs tight ship two
77WABC Radio
"us district court" Discussed on 77WABC Radio
"And this is from Politico the judge said he worried that widely permitting January 6th defendants to slow down their criminal proceedings In order to review this footage could derail dozens of trials So what The issues of the efficiency of the court its due process for the individual And I hope Supreme Court Justices are paying attention It's this James bosberg appointed by Obama a complete disgrace and disaster A federal judge on Friday denied a January 6th defendant's request to delay her imminent trial in order to review thousands of hours of security footage recently made available by speaker Kevin McCarthy noticed the January 6th committee and speaker Pelosi did not make it available U.S. district court judge James bosberg said he understood why Sarah Carpenter was facing two felony charges for his actions at the capitol would like time to review the material But he said she had failed to explain why any additional footage of her movement inside the building will be exculpatory particularly in prosecutors already turned over footage of the vast majority capital's 34 minutes inside the building This is a disgrace What if there's ten seconds of video I'm just throwing it out They're showing capital police allowing her in escorting her in I mean how can this judge presume what exists when he has no idea And so he just relying on the prosecutors and the 34 minutes Of their tape
Bloomberg Radio New York
"us district court" Discussed on Bloomberg Radio New York
"A host of their peers. We check the markets all day long on Bloomberg radio S&P futures up about 7 points of almost two tenths of a percent our future is up 42 points or a tenth of a percent of NASDAQ futures of 23 points or two tenths of a percent. The Dax in Germany is down to most two tenths of a percent. Ten year treasury up 1230 seconds yield 3.53% and the yield on a two year 4.32%. 9 X crude oil is down 6 tenths percent or 40 cents at $70 62 cents a barrel. Comex gold is down four tenths percent or $7 50 cents at 1803 30 announced. The Euro one O 5 5 9 against the dollar, British found 1.2272, the N one 36.70 and Bitcoin's down 8 tenths of a percent at about $16,900. And that's a Bloomberg business flash. Now here's Amy Morris with more on what's going on around the world, Amy good morning. All right, thank you, Karen. Good morning to you some other news you'll need from around the world a Libyan man suspected in the 1988 bombing, a fan am flight one O three over Scotland is now in U.S. custody, a Department of Justice spokesperson says the alleged operative expected to make an initial appearance in the U.S. district court for the District of Columbia. The operator of the Keystone pipeline system says they've finally gotten that breach under control for now after spilling more than 588,000 gallons of crude into milk creek in Kansas. And sports the NFL bills beat the jets ravens in forty-niners win and in hockey, the caps and bruins both win. The global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Amy Morris. This is Bloomberg, Nathan. Okay, Amy, thank you for coming up to 5 24 on Wall Street and I'm Nathan Hager. This is Bloomberg day breaking Laurie calvasina is back with us as promised head of U.S. equity strategy at RBC capital markets. Lori, I want to get more on your view into 2023. We did a survey here at Bloomberg news. Just a few days ago on the outlook and 71% of respondents who got back to us said they see stocks rising in 2023. The average round 10% they're thinking most of that gain is going to happen in the second half is that of you you share. Hi, Seth. So listen, I think it's a fantastic question. I think your survey respondents are probably a little bit more optimistic than the sell side strategy community. I've been one of the more constructive ones on the 2023 outlook with our 4100 target, which at the time we priced it was about a 3% gain. So that was against late November levels. But I will say the sort of view that markets are going to have a rocky start to the year and do better in the second half of the year. That is a view I share, but one risk to that view is frankly, that that is also a pretty consensus view, not just among your survey respondents, but among the south side strategy community right now. So I think we have to see how much of this gets priced in in December. That's always something that happens when we roll over into in the year. And of course, we have to see what the new stories are for next year. But I do think we've got some issues to work through. Ultimately, I do think markets will be on stronger footing at the end of the year. But we've got a little bit of work to do to get there. I guess some of the issues I can think of to work through would include the war in Ukraine and how the reopening in China is going to work out. What are some other potential headwinds? Do you see those as major headwinds for this market? I do see Russia Ukraine is a major overhang. I think I'm still digesting what's going on in China in terms of how that impacts U.S. equity markets. But the reality is that if you put those geopolitical issues aside, we've got plenty of other issues. I think as I mentioned in the last segment, the U.S. doesn't look cheap right now. Not just versus European equities, but also we don't really look that appealing in the U.S. equity market relative to bonds. And I will say that is something that just about any sort of cross asset indicator that I can run. I simply don't see a compelling case for U.S. equities at this moment in time. And we have seen that in the past that has impacted money flows into the respective asset classes. So I think that's one big issue we've got. I think another issue, you know, sort of related to earnings. But I think just the onset of a more challenging economy is something that equity investors are going to have difficulty dealing with because we have been talking about the idea of consumer and corporate resilience for so long. I think that's going to engender discussions about whether or not we're on the precipice of a deeper and longer, more lapsing, durable type recession. And I'll just give you one set, Nathan, historically, when you're in a flat sort of GDP environment or zero to 2% in real terms, on average and on a medium basis, the stock market is flat. So markets don't like that sort of very sluggish type growth environment that's anticipated right now. If you look at consensus forecasts. No, it is going to be very interesting to see how the Federal Reserve outlook for next year plays into what sell side and buy side strategists are thinking when it comes to 2023. Lori calvasina, as always, great
Bloomberg Radio New York
"us district court" Discussed on Bloomberg Radio New York
"He confirmed that while speaking to reporters in Ohio, on Friday. Former president Donald Trump and the Justice Department are putting forth their choices to serve as a court appointed special master in the review of documents seized from Mar-a-Lago in Florida last month, Jim Forbes has more. The Justice Department proposed retired U.S. district court judge Barbara Jones and retired U.S. Court of Appeals judge, Thomas Griffith. Trump's legal team proposed former U.S. district court judge Raymond dairy, and Paul huck junior, who was general counsel to former Florida governor Charlie Crist. If a special master is appointed by the court, they will review documents the DoJ says are so sensitive. Additional clearances for the FBI and DoJ attorneys were also needed to review them. I'm Jim Forbes. Thanks, president Kamala Harris, says America's leadership in space must be preserved and enhanced. Speaking at NASA in Houston Friday, Harris called it essential to U.S. national and economic security, she promoted the Artemis program, which will return American astronauts to the surface of the moon, Harris called space and undiscovered and unrealized opportunity. And Texas governor Greg Abbott sending state troopers to combat gang violence in uvalde. I'm Brad Siegel. As wildfires rage in California officials are saying it could be worse by the fall. Has more. The Los Angeles Times reports the recent heat wave is making a lasting impact on the fire season. A meteorologist for the U.S. forest services geographic coordination center says the high heat and low humidity as created in ultra flammable scenario. He noted dead fuel moisture levels in the Sacramento valley foothills are at a 25 to 30 year low. That's the same area where the mosquito fire is currently burning. I met Matt and sin. Stocks are closing higher to cap a positive week on Wall Street, all three major averages gained at least 1%. To snap a three week losing streak, markets have been volatile due to expectations of larger interest rate hikes by the Federal Reserve to control inflation. At the closing bell, the Dow was up 377. The S&P 500 row 61 and the NASDAQ jumped 250 points. There's a recall on sausage produced in Valdosta, Georgia, Rebecca Hughes, has more. The USDA's food safety and inspection services recalled almost 4500 pounds of sausage from sunset farm foods incorporated out of Valdosta, inspectors say the Georgia special chicken import smoked sausages produced June 30th of this year could have thin blue plastic in the meat. The 28 ounce packages have a sell by date of October 28th of this year, and were shipped out across Alabama, Florida, Georgia, and North Carolina, consumers who purchased the meat can either throw the sausage away or return it to where you bought it from. I'm Rebecca Hughes. House Democrats are pressing major airlines on how they spend COVID bailout dollars. Airlines got more than $50 billion in bailout money. Two top Democrats are asking the Treasury Department inspector general to review how airlines use the money and whether it was used for buyouts or staff reductions, the airline bailout money was offered on the condition that it not be used to lay off staff
Bloomberg Radio New York
"us district court" Discussed on Bloomberg Radio New York
"Now a global news update. King Charles is vowing to serve with loyalty, respect and love is Britain's new monarch in a pre taped address after the death of Queen Elizabeth, Charles said his wife Camilla will have a new title as queen consort. He also elevated Prince William to the Prince of Wales, he gave mention to his son prince Harry and his wife Meghan, but made no mention of any new titles. He praised his mother's dedication to her people, adding it never wavered. Former president Trump and the Justice Department are putting forth their choices to serve as a court appointed special master in the review of documents seized from Mar-a-Lago last month, the Justice Department proposed retired U.S. district court judge Barbara Jones and retired U.S. Court of Appeals judge Thomas Griffith. Trump's legal team proposed former U.S. district court chief judge Raymond dearie and Paul hulk junior if a special master is appointed by the court, they will review documents the DoJ says are so sensitive. Additional clearances for the FBI and DoJ attorneys were needed to review them. Household wealth in the U.S. is hitting a new low in the second quarter down a record $6.1 trillion. That is its lowest in a year and a second consecutive quarterly decline. The Federal Reserve data points to a slumping stock market outweighing gains in real estate values that led to the fall. A former top Federal Reserve official says the fed is likely to raise interest rates, ex vice chair Richard clarita told CNBC, inflation is way too high and more interest rate hikes are likely on the way, and he believes they're going to 4%. The fed has been steadily raising rates to fight soaring inflation and is expected to do so again later this month. Amazon is cutting jobs from its telehealth service, the ecommerce giant is laying off about 160 employees from its Amazon care organization. It'll also let go another 236 employees from care medical, a team of clinicians who treat Amazon care patients. And if all ratings are opening strong once again, early Nielsen ratings for the bill's rams opener on Thursday night are on par with last year topping 21 million across NBC platforms for the fourth consecutive year final numbers are set to be released on Monday. I'm Chris karashi. More than 5000 miles from Buckingham Palace, London Bridge is lit up in purple to honor the passing of Queen Elizabeth, who died Thursday at the age of 96. The bridge now crosses the water and Lake Havasu City, Arizona. In the late 1960s, the City of London sold the worn out bridge to the community in western Arizona, which paid $7000 to have it brought across the Atlantic and reassembled stone by stone, Lake Havasu City officials say the bridge, which was dedicated more than 50 years ago, will be illuminated with purple lights until Saturday in honor of Britain's longest reigning monarch. Archeologists in the country of Georgia report they found a 1.8 million year old tooth from an early species of human. That could mean one of the earliest prehistoric human settlements outside Africa was in the Eastern European western Asian region. They found the tooth in a village about 62 miles southwest of the Georgian capital near another town where they found human skulls about the same age in the late 90s and early 2000s. United Airlines is getting into electric aircraft, Trey Thomas has the details. United is announcing that it's agreed to buy 200 electric air taxis, which it says would help reduce carbon emissions by replacing car trips once the aircraft come to market. United has agreed to buy the electric air taxis from eve air mobility and has an option to buy 200 more. United says it expects delivery of the electric air taxis as soon as 2026. Intel's CEO has a new name for Ohio. And I'm so excited to be here even more excited than we announced our investment back in January. When we announced that investment, we declared the end of the rust belt Troy and the beginning of the
Democracy Now! Audio
"us district court" Discussed on Democracy Now! Audio
"Remix by luis milla carpio. This is democracy now democracy now dot org the warrant piece report. I mean goodman. We begin today. Show in washington. Dc where over five hundred thirty. Climate activists have been arrested in historic week of civil disobedience calling. President biden declare climate emergency and stop approving fossil fuel projects. The indigenous led protests. Have been part of a mobilization people versus fossil fuels on thursday indigenous. Activists occupied the bureau of indian affairs for the first time since the nineteen seventies indigenous leaders issued a series of demands including the abolition of the bureau of indian affairs restoration of one hundred ten million acres of land taken away from native nations the return of indigenous children buried residential schools and no new leases for oil and gas or extractive industries on public lands. Fifty five people involved in the takeover were arrested. Indigenous activists have also been leading daily acts of civil disobedience outside the white house. This is a member of the red lakes in minnesota speaking monday. We are the voice of the animals. We are the voice of the trees because they don't have the creator to us gave us stewardship over the land. So that's what we're doing here fighting for clean water for future generations for mother earth for the world indigenous yousaf. This are scheduled to lead a march to the us capital today. This week's protests in dc. Come just weeks before the start of the critical. Un climate summit in glasgow. Scotland cnn's reporting president biden's planning to attend along with thirteen cabinet members in the first week but us climate envoys. John kerry's already admitting the talks will likely failed to reach global target on cutting greenhouse gas emissions during a protest outside the white house monday. -joy of the indigenous environmental network called on president biden to uphold promises made to indigenous communities. You need to be held accountable. You made promises to the communities of classes that you were going to follow but you have. Nfl those promises like that one was before you that was joy bronze speaking monday outside the white house. She's joining us now. In washington she's a member of the cheyenne river sioux tribe and a frontline community organizer with the indigenous environmental network. She was deeply involved in the standing rock. Protest to stop the dakota access pipeline. And we're joined. By seeking nick maupin the executive director of sovereign youtube for living arctic. She lives in fairbanks alaska. She was arrested yesterday during the occupation of the bureau of indian affairs. And that's where we're going to begin seeking they. Can you talk about this protest. We didn't know if we'd have you on the show today because we didn't know if you were going to be getting out of jail but we got word last night that you were We had gathered to let by to know that we're not going anywhere signing petitions giving them and following these laws have not gotten us where we need to be. There is a climate emergency. People are dying right now and we needed to make a statement. And i'm i think that we did so talk about what you're demanding of. The bureau of indian affairs was created to as indigenous people at has always been against us and today or yesterday and every day we demand that it be abolished. We do not need a blood. Quantum to say how indigenous we are or to qualify that we know are indigenous ways to protect this land. This earth this water and we understand that the earth is unbalanced and we do not have time for negotiations for compromises. We need to take this serious and take action now. Can you talk about what happened in august when your group along with others were able to get the us district court judge. Sharon gleason to throw out the approvals of a major oil project in your state of alaska. Yes that was a extraordinary time considering during the heart of the pandemic In twenty twenty the bureau of land management decided to hold the hearings for opening the willow master project located outside of milk said or my mother lives and my family is from and we heard testimony from tribal administrators corporation presidents native corporation presidents begging the bureau of land management to stop these hearings and tell the pandemic was over until we got it under control and they quite literally did not listen. You can just hear sobbing. And they continued on the record of decision and it felt a little hopeless Especially with biden's approval of this project even though he promised he was going to take the climate crisis serious. So having the ninth circuit overthrow this Was such a big win especially when the corruption is so rapid within our government. Can you talk about specifically your action. Yesterday i think it was reported. Some fifty five water protectors were arrested and taken from the bureau of indian affairs and to talk about how significant this is. The last time it was occupied was by native. Americans in the nineteen seventies november third nineteen seventy to a group of five hundred american indians with the american indian movement Took over the interior building. The culmination of a cross country journey in the that was called the trail of broken treaties intended to bring attention to native american issues such as living standards and treaty rights. Why did you focus on the. Are you calling for it to be disbanded. Yes and we wanted to make a statement that we are still here. We have been fighting against the genocide of our people colonization since contact and we are not going away. We came with matriarchs that led us. And that was. I think a powerful statement to have our women come in front again and to lead us into that building. I followed there Guidance and we were able to again make a statement at the bi Organization created to quite literally. Erase us from this. This place this earth With blood quantum we do demand the abolishment of bi and to also say that indigenous people have always been the caretakers of this land. We will continue to be the caretakers. I wanna bring joy braun into this conversation. A member of the cheyenne river. Sioux tribe frontline community organizer with indigenous environmental network which organized this week of historic protest. I dare say with president biden now saying he and thirteen members of his cabinet are going to go for to the un climate summit in glasgow may well be result of what you have done this week. Right outside the white house we last talked to you. joy at the standoff at standing rock. Can you talk about the organizers of this week. What's happened and what you want to see. Come out of it along with over. Five hundred.
The Shawn Harvey Morning Show Podcast
"us district court" Discussed on The Shawn Harvey Morning Show Podcast
"I made a mayday has thirty right but we discarded as head. But we can't. We can't stop the movies and way to canada culture rebel. You always calling. You always make sense relle putting a group room later on today information about i picked movie theater anywhere in the country because that is where you go at a real food a nice little comfy sees as a good. Oh yeah yeah. Yeah you're in jersey as one in fort lee if you're in the city if you're in the city is over in south street seaport. Amc amc and west orange. that serves real old. See see this will tell them about how good. But i'm not but if you have your reusable popcorn bucket and we gotta stop we want to. I picks we got we got to. We're going to grow. We got two picks. And i'm one of the first day and this broad one stop at the ninety nine cents store to get twizzlers. We're done we're done if she knows you're gonna pick she's not going to want to stop and get snacky but if you're you know that type of woman exactly honestly that came through some money to go into the mix and and i take movies because that just saves from going to two locations right thanks. What the real but those locations are far and few between a six an hour. That's fine it's worth it. Is it sure then. And then you go to the cinema liquor to right and then realm maybe across the street. There's a you know a marriott courtyard or something you know what i mean. You know this. Is this complete this date young fe good old rom com to salameh good old rom com. Get drunk up. Have a failing. That's what i'll do here. His his his his adoped date for my wife. And i do. I pick move. You talk about right right. She drinks right. She could get twisted right. If there's a comedy show or there's a party going on close we go there. We get our dance. We book a hotel room at the little. Little marietta my get smash on and go home in the morning but i will not go to the dollar tree in this night. That like a great man. I sound like a great night but what you know. What spoiler that night. If we went to the store and get going got baverel. Bobby will of a story off some snacks. We go get tagore's net adultery and we'll get my snack. Newness ashram olympic medalists and usc swimmer clete. Keller pleads guilty to capital to the capital riot charge clete. Kelly defiled time olympic swimming are from. Usc agreed to a plea bargain wednesday. After facing several seven federal charges four participating in the us capitol riot during a hearing and the us district court in washington keller pled guilty to a felony count of obstruction of an official preceding and will cooperate with prosecutors keller thirty nine set out amid his chaos amid the chaos and the at the capitol rotunda on january six thanks to his six foot six height beard and distinctive. Us olympic team metal the team jacket with the us. A written in large letters on the back and statement of in a statement of offensive signed earlier this month of keller admitted to trying to obstruct influence and impede congress certify. The electoral college vote an afterward. Discarding the the team usa jacket. I destroyed the phone and memory card that contained photographs and videos. I recorded from inside the capitol building and i threw away my read my red white and blue. Usa jacket kello wrote throw. The fella carries a maximum sentence of twenty years in prison a federal sentencing guidelines for the offense charge at this level cause for twenty one to twenty seven months in prison. No date for sentencing has been set just yet but judge richard j leon schedule the status conference for december sixteenth of a non incarceration consequence of pleading guilty to a felony include. Losing the right to vote and on fire arms kelley's attorney didn't respond to a request for comment in a spokesperson for the us attorney's office in washington dc also declined comment but the powers. That be thank you so first of all. What was his name. Clete keller okay so clete a privileged not privilege your frigging idiot. You go up there. You're six six so lazy you got on a stupid. Usa jacket which a gold medal on it you wearing your gold medal while you climbing up the war causing you a freaking idiot you destroyed your phone. Why did you do that. You dummy you're at the us capitol you don't think they got sixty seven billion cameras over tracking everything you right in a sense privilege but the feds came down on your ways you. You committed a federal felony. There's no negotiation twenty years. Not the down a two year twenty months or whatever and you got to go back and get sentencing. You should swim for twenty years. You should be kicked off with every team and you should go to jail for for twenty months because you believed in a fantasy. Every man has a place in his heart. There's a space. But a world candidates your fantasies you believe in the narcissists the king forty five. None of that was true. He said if you told you jump off a bridge would you do that right. And now you embarrass yourself your family the team and now you're gonna go to jail for twenty one months just like the guy who defend judge stopped him from going on his wedding won't guys that did the jumped into the capital. But he had a wedding barbie like a few months out and he got arrested the whole thing in pleaded that he go to the wedding the fed justice f outta here not only not going to the wedding you. I'm taking your passport and you can't leave the country and now it's time for your punk ass sentence and then all your babylonians friends turtur win a lot of these folks were turt- anybody babylonian friends give up to twenty one months swimming six six. Can't stand you front page from page to safety saying hey pages news why she got. The facts. don't always looking front page new jar full..
Rock N Roll Archaeology
"us district court" Discussed on Rock N Roll Archaeology
"As part of his performance and it was outside the lines of the law at that point but he saw his part performing the same way. Lenny bruce probably saw cursing on as part of his performance outside of the wall. I'm surprised he wasn't arrested more for winning junk out. Because i'm sure i getting pretty long here. Dan around page number thirty two stand that even down yet but if he did it in these places odds are he did it in other places and most likely those places are like. We don't even want to deal with any of this. The press and the insanity and the hassles were just gonna tell them. Don't do it again. And don't come back and you start to see focus. Coming into the government's plan marcus. There's a page there. I think it's page fifty four in the pdf where the us government starts to focus on charges and it's a memo from one twenty seventy review of the docket. Us district court has revealed the judge. William p coppell on twelve one. Sixty nine ordered. This case continued for trial. So this means that they're going to start moving forward with this stuff. What happened in the skies between la and phoenix. Wow there's harsh by you feel when you read that part of the file and partly why this is moving forward to trial is because of something presented to the federal grand jury on a superseding indictment to delete count three from the original indictment and changed flight. Seventy one to one seventy two and the two remaining camps so they're kind of playing a little show came with cases and what was going on to make sure that they got as much penalty lined up for jim.
The Erick Erickson Show
"us district court" Discussed on The Erick Erickson Show
"Such measures have become an athlete to democrats who feel. They were badly abused by president. Trump this leaves biden device caught between the costly reality of a historic border. Influx and supporters erupted. Anger would his administration hints at tighter control and other words he's held captive by left wing base. Here's the new york. Times biden faces new pressure on immigration. President biden came under renewed pressure on immigration friday as the authorities said the largest number of migrants in years arrived at the border with mexico last month and a federal judge in texas raised legal questions about an obama era program that protects young immigrants from deportation. Border officials encountered migrants nearly six thousand times a day last month for a total of one hundred eighty. Eight thousand eight hundred twenty nine. The largest monthly number in recent history according to data released on friday. The surge is happening at the height of the hottest summer months when the flow of people seeking entry into the united states. Usually abates andrew. Hanan of the us district court in houston ruled that dako was of lawful raising new questions about the faded released. Six hundred thousand immigrants often referred to as dreamers but in a partial victory an-and stopped order of ordering the program's termination. The ruling adds urgency to democratic effort to permanently. Legalized dacca recipients. Activists have already been pressuring. Mr biden to make sure dreamers and other immigrants are going to bat taken together friday's developments underscore the difficult and often politically fraught. Choices biden is confronting on immigration. But wait the democrats engaged performance. Now have a spin. Are you ready for this from sabrina. Rodriguez the immigration correspondent for politico. We knew this was coming. It was only a matter of time. It is here now. Here in the small mayan indigenous village of cup men and boys pat tightly and stand the back of pickup trucks in the early morning headed to the fields to check on their crops after night of harsh rain. It's early june in any strong storm. Had the potential to derail months of work tending to crops. Mostly maize which soon people will harvest feed their families in these days. Everyone is on high alert after back to back. Hurricanes last year left their home province of alta verapaz among the most devastated.
The South Florida Morning Show
"us district court" Discussed on The South Florida Morning Show
"Storm elsa. Yeah but the early it's just basically a blob. It's basically over South carolina right. Now we're convinced it's physically chasing jen state-by-state it is she checked in. We found her. We put like a gps tracking device on her yesterday's checked in yesterday to Savannah georgia but now hit. The road roused out by elsa. She's in she's in the carolinas. Now i mean i couldn't believe it. Elsa is chasing. jen. I mean i. I've surprised we see video of her car with a shot in the review mir going. It's right behind me. Storms in the background so this. Uv the mini horses in the back. They're saying in the back as the storm. We love you jen. She's back next week. But that's that's the update on that thing. But here's the scene yesterday at the radio station diener and i are walking out together. We get alerts on our phones. Former president trump announces major major. Press conference for eleven. Am first thing we thought was why not during our show. I mean it just never ends second thing. We thought was i mean. I don't know if you were thinking. I was thinking it's probably about maybe the election audit and updates. Something happening i or no no was not in fact it was about taking on big tech and taking on big tech directly. We're asking the us district court for the southern district of florida to order an immediate halt to social media companies illegal shameful censorship of the american people. Here's what else he said. This is so important. Companies have been co-opted coerced and weaponized by government to become the enforces of illegal unconstitutional censorship. It's a class action lawsuit. He has kind of jumped in new. It'd pre existed. He jumps in is the lead plaintiff to put his name on there. So i guess it was already looking pretty strong now. He gets the trump team lawyers involved with it to make it go all the way but will go all the way coordinator alan dershowitz. It will and we already know their least cutler of justices who are prepared to take issue on so. I suspect that we're going to get this case to the united states supreme court and it's going to be one of the most important cases of iron still teaching at harvard. I would be giving a course solely on this lawsuit before. I even heard that. I said this is one of the most of our lifetime most important lawsuit. That's that's exist. They may be in. The country's history is a direct defense. The front line for freedom of speech exactly. And that's that's not over hyphen this. It's not an exaggeration. That's exactly what this is. Yeah i mean it's it's i know. It may sound like an exaggeration. There's some people bought when you really think about when you dive into this. It's not just on the surface what the media wants to think which is oh the there goes trump again you know. Claiming he's a victim and go after you know big tech. What did you see this already. He's whining that he lost exactly. So that's do or losing when this happens right and that's what this is all about. It's not about trump. Going after mark zuckerberg and jack dorsey from twitter in going after google and you know whining that he lost. It's about going after. These companies have a monopoly on free speech because that type of monopoly that type of censorship trickles down to everyday life. Get used to that type of thing. You don't want to get used to being censored kind of wants to go after jack. Dorsey i mean he does. But we'll see nice nice guy what he threw in there. It's a big deal. It really is so we'll see where it goes from there and more updates Come along in the morning is from it. will you hear what else alan dershowitz said about it. Because he's continuing on. I guess he filed a brief in this. He says it's the most important issue in his career while there's no doubt about it most important issue in the uk by the way not even the soccer match no is in the european. What do they call in this tournament. The euro cup euro cup. They've gotta take on for the final. They're gonna take on italy on sunday. I think right. Yeah first time in fifty five years and it can be played at wembley stadium. The fans are very excited. Yeah well they need some. They need a big win. Diener ono was happening a lot of bad things happening in the uk after locked it still some lockdowns by the way some in some areas of the country terrible unemployment through the roof. Yeah they've got terrible infrastructure problems so they're working on that no problem. That's not the biggest go. Those things are okay. Just get those alone. They're working on the boiling lobsters issue in the uk. What does that even mean. Boiling lobsters alive would be banned in the uk under new legislation. That protects the welfare rights of crustaceans. What an molluscs. Oh you can't leave. The molluscs out. It's going through. The house of lords require fishermen and shift to stun or chilled a sea creatures before boiling them. Does that not sound worse. Yeah kinda dizzy. What you get a freezing to death instead of boiling still gonna die spending time on this. It's there's a precedent boiling lobsters and other. Crustaceans alive is illegal in switzerland norway new zealand. Really well here. It calms you know. Is this coming here. you know it is. I'm surprised it hasn't yet. I'm surprised that people from pedo aren't standing out main right now trying to get this done. The next step and trying to make us all vegans. You wait no wait. Never get away from me with the vegans. Eat my meat okay. We'll get more on that coming up. We got Th there. I'm telling you the at least the crowds in tokyo for the olympics. It's in jeopardy. I think the games may be too big announcement today. That just came out. I mean there are two weeks away. What are we doing talk about off to a rocky. Start and bill cosby on tour. It's going to happen. What is going on. It looks almost certain. It's coming up next the south florida morning. Show jen's back next week. There's diener bill keep it here at fedex. We're making lower emission vehicles our priority because earth is our priority. Our goal is to be carbon-neutral by twenty forty. We call it priority earth that x. Were now meets next. Why when you can. Why when you can taste it through. Coca-cola and six flags save up to fifty percents on tickets. Promo code coke at six flags dot com..
The South Florida Morning Show
"us district court" Discussed on The South Florida Morning Show
"Comments keeping here next south florida morning. Show jen's back next week. There's diener i'm bill. Seven thirty time for jinnah bills. Rapid fire with karen curtis on news. Talk eight fifty w. at t. l. Yes it's time. Got all the news. You need all the comments from us. He didn't ask for all comes together during rapid fire. What's going on now. We asked for it. You asked for it you believe it would have been two weeks since that condo and serve side collapsed craziness. Yeah thursday and so now. It's shifted to a recovery effort. No more searching for the living and the death toll up to fifty four so very sad there governor to santa's though doesn't think that this conduct laps is a sign of widespread issues. He thinks this building had problems statement. He's getting kind of attacked on this because it gave obviously the media spin is governor. Dishonest refuses to do something about it. Really what he's saying is and he got. Its bad choice of words he said. These kind of buildings are a dime a dozen. 'cause there's so many condo buildings down here. What he said was like you said. Karen this at problems from the get-go what does that tell you about what they know about this building that they're not quite revealing it. All starts with that pool deck collapsed in the middle. They're all talking about that. They showed that it was that deck collapsed. And i guess there might be some problems with the way the developer and the builder didn't put enough rebar in that cement that held up the pool deck. I dunno but we'll find out obviously but he thinks that this is just a one and done situation. Hopefully it is and that's why he's not ordering a review of older buildings. Every how long would that take. I don't know. But i mean you know see castles collapsing in england there. They've been there since the fourteen hundred right true like point. This buildings in there some eighty-one just based on nothing. I keep thinking about like maybe a sinkhole or something that starting to chain of events. Well no idea. If it's true or not i just keeps popping up in my mind. What was the trigger right. What made it do that. That's what they're looking at you so That weird Assassination of the haitian president jovan on maurice's assassination. They have Apparently four suspects involved in. It were killed in a gun battle it. It's the wild west in haiti. What is going on. I thought they got away was in this like a during the night operas. How are they still there. And they found them. I don't know i've never seen a story. We've got so much. You know contrasting information. It's unbelie over will ever get the true story out of this right. Well apparently there were three officers being held hostage boy. They got them back. This is an american living in haiti. I don't know what she's doing their bit her. Name's erica charles. And she's like we're waiting for the other shooter drop. We're waiting or the fire perks. We don't want them. We don't want the violence. Yeah i then we had this crazy story about. They were reportedly dressed as dea agents They got into the housing facility. Good lord. I don't know what to believe from this. Honestly this on either. He all these weird conflicting reports. Yeah odd they've they have had coups in the past so we'll see what happens. Can't be good but this happened yesterday. And this is a huge story. Or asking the us district court for the southern district of florida to order an immediate halt to social media companies illegal shameful censorship of the american people. It's huge and i don't think it's something he could have gotten done. Only him doing it. If you were still president believe it or not right now and class action suit. He filed here in florida. That's Obviously former president trump is suing facebook twitter and google because he believes that they are censorship arm of the government. This is an amazing development. It's absolutely huge. Because the only thing that's going to keep big tech from being the monopoly that it is right now in working hand in hand as information arm of the government. Is this through the courts ellen. Dershowitz thinks it's going to the supreme court and he thinks that this class action suits going to win. You have that sound with him because it's awesome. I do alan dershowitz First of all explaining that the reason why this such a huge case kerns. Intuition is absolutely intolerable. Do you have these giant media telling us what we can see here and being exempted by congressional legislation and then we have them claiming their rights under the first amendment. Because they're a private company it's unacceptable. It's it's run amok. And i love the people say well. It doesn't affect me. Yeah it does it. Does it affects what you see that you're supposed to see your being suppressed and then the things that you you know that they want you to see. You'll see it. And so how are you supposed to know what's really going on. Whoever you just a side-by-side ab test between looking the exact same search term in google versus any other there are other search engines like duck gut go other things. What a different world you see. It's unbelievable that's very interesting Also what about cameras in the classroom of some beliefs thing. We should put some cameras in the classroom really. See what's going on in these classrooms right. I like it. I love that. He got body cams on cops. Yeah why not. Teachers aren't happy. They're happy they're coming up on rapid fire so bill cosby might be doing some schick while his accusers. This on believable development. Yeah so Time for traffic and weather together. You do have a crash palm springs for till boulevard east to congress otherwise no other major accidents down ninety five at the turnpike. That's good use. And w verse flirt weather today highs in the mid to upper eighties forty percent chance of rain if you like yesterday. Today's pretty much going to be the same rain. Chance diminishes as we head into the weekend but it gets warmer highs near ninety so watch for pop up. Thunderstorm currently seventy eight degrees partly cloudy in the palm beaches packed rapid-fire beal yup and our friends from ozo- to echo drycleaners. Always on board with us. We love them. Rate people bring local company. Check it out. They got free pickup and delivery for all your clothes. How about that. don't wait any longer. You sign up today. Ozo- to usa dot com all right well back to rapid fire so the me too movement taking a blow you know last week. Pennsylvania's court overturned bill cosby sexual assault conviction They said it was do. His due process rights were violated. So eight women who accused him of crimes that range from drugging and forced kissing and rape speaking out in especially. This is victoria valentino. We put our next on the line and then the legal system yanked the rug out from under us..
106.1 FM WTKK
"us district court" Discussed on 106.1 FM WTKK
"For Raymond James and Associates and Franklin, Tennessee. Mr Stone had worked with this elderly couple since 1982. They even followed stole across several firms before landing at Raymond James 2013. But dirty deeds started back in 2015 when stole began misappropriating funds from an IRA. Did it by selling securities in the account and fortune wire transfer authorization documents from the client's account to a SunTrust bank account owned by Stole and his wife, prosecutors say overtime and still inserted himself into the financial affairs of this client and in later years, even visited him at his home. Relatives at the hearing testified that the client died, believing that is dwindling investment accounts because solely by stock market activity. Other client died at 98 years old in March of 2018 by then stole had made 74 unauthorized transfer to the tune of more than $900,000. Oh, it didn't stop there within days of that client's death. Stops guarded with $32,000 from another elderly blind, according to broker check. Stone was fired from RJ in 2019. He appeared in court pleaded guilty in August of 2022 securities fraud, wire fraud and aggravated identity theft. He was sentenced this month in US District Court in Tennessee to five years in prison and ordered to pay over $930,000 still had been in the financial services industry for nearly 40 years. How we thought it would end. I'm sure just one more reason to make sure you are dealing with a true fiduciary. And don't be afraid to use broker check to learn more. So so.
WBZ NewsRadio 1030
"us district court" Discussed on WBZ NewsRadio 1030
"Sustainable, thriving Massachusetts but are Leadership has lacked the will and urgency toe in recent weeks, Downing's blasted the Baker Administration on Social Media, calling the cove in 19 vaccination rollout. Choppy. No word yet on whether or not governor Baker will run for third term. Sherry Small WBZ Boston's news radio in Keene, New Hampshire, is facing federal charges after Admitting to storming the U. S capitol last month and drinking wine he founded a lawmaker's office. The criminal complaint last week on Friday was filed against Jason Riddle in US District Court for it'll arrested earlier today without incident. Former president Trump legal team filing a new brief offering a glimpse into their strategy ahead of the impeachment trial, which starts in the Senate. Tomorrow. More from ABC is Elizabeth's shows Even a 78 page brief submitted to the Senate, former President Trump's legal team called the second impeachment trial Political theater. The lawyers say the Senate should dismiss the case, calling the trial unconstitutional since Trump is no longer in office. They also argue the former president's comments urging his supporters to fight ahead of the January 6 capital riot are protected. Under the First Amendment, Trump faces the single charge of incitement of insurrection in his trial, which is set to start Tuesday. Hamas officials ABC News Washington Impeachment managers have rejected the brief, they say each and every allegation in the article of Impeachment is true. Senate Majority Leader Chuck Schumer, meantime, applauding a bipartisan deal for the structure off the trial. Schumer says both sides will have plenty of time to make their case is the trial. Maybe wrapped up sometime next week. A Cambridge bar kicking around for 20 plus years serving the public has had its last last call. The People's Republic on Mass ad looks to have closed Now for good is the bar's owner. Tell the Globe. I'm not happy that we're closing, but I could look back at the 23 years with pride and a lot of love for the people. The bar had closed for what Was said to be temporary in December because of the pandemic. Five a weight off the Wall Street we go, Andrew Oh dae is at Bloomberg, and this month of February has been pretty darn good for Wall Street. Thank you. Yeah. Cold outside pretty warm on the street. Rising expectations for hire. Stimulus. Help Lift Wall Street today is the Dow joined its fellow indexes at records Now up 238 NASDAQ up 1 31 S and P Rose 29 games of almost 2% across the board. Would you pay to get extra content on Twitter? Or would you pay to use services like tweet deck or to have the option of user features such as Undo Send Twitter is considering charging for those features now. The way a subscription model is a way to wean itself from depending so much on just advertising. Facebook will start removing content that spreads false information about covert 19. If its systems come across post that say the virus was human made that it's safer to get the disease in the vaccine, or that the shots are dangerous or cause autism. They spoke will pull them as will Instagram and rode a Bloomberg business on WBZ Boston's NewsRadio one.
WMAL 630AM
"us district court" Discussed on WMAL 630AM
"Even track closures there as well. I'm Vince colonies alongside Beverly Hallberg from the district Media Group and the Independent Women's Forum in this morning for Mary Walter. Good Morning, Beverly. Good morning. Good morning, Austin to the Great Joe did Jennifer He's a former U. S attorney to the District of Columbia and joins us now, Joe. Good morning. Good morning. We've got got some news over the weekend made me think of you because we always talk about this subject that the Durham investigation is effort to go after literally anybody. What little we found out that we did find that a federal judge On January, 29th sentenced now former FBI attorney Kevin Kline Smith to 12 months of probation for forging an email. That the epic time says resulted in 71 of several major errors in the applications to spy on former Trump Campaign adviser Carter Page. This was US District Court Judge James Boasberg. On referred to climb Smith's forgery is a quote inappropriate shortcuts. So we got a big old wrist slap from the court here. Joe diGenova, What do we make of it? Um, it's the staggering event in terms of accountability. For the Russian hoax. Here is a lawyer working for the FBI, a senior lawyer, by the way, one of those in charge of the investigation. Falsified a piece of evidence to the five the court, which was essential what he falsified was a document the CIA had informed the FBI that Carter Page was cooperating with them. In essence, he was an asset for the United States government, not a spy, not a Russian asset. An American asset inclined Smith changed the email to make it look like Carter Page was a Russian asset. It is inconceivable to me that Mr Klein Smith would not have gotten at least some minimal jail time. A Z a warning to other people, both in the intelligence community and the FBI and DOJ. About the importance of telling the truth to the fires of court. This incomprehensible result is calm, pounded by the fact that Judge BOS Berg is a Fiza court judge. On. So how he could have reached. This conclusion is beyond me. Uh, you know, judges were given great independence in sentencing. But I must say that this one just doesn't make any sense. And indeed it's almost you get the impression But the judge didn't want to sentence Mr Client Smith and was doing it just because he literally had to, um, it Z disappointing in this sense. We need to send a very strong signal the people in the FBI and the DOJ and the intelligence community about the importance of protecting the civil rights of American citizens. Remember five is used to spy on foreign officials, and when it's used to spy on Americans, there's a very high bar. And apparently, Judge Boasberg thought that that high bar had been met here again. It's incomprehensible this sentence, and one of the things that I found astonishing is that the judge did concur with the defense's argument. That Mr Klein's clients, Smith did not intend to lie. The thing that I think is astonishing about this is, of course, this affected Carter Page lives immensely. The falsified information that was released the news reported on this impacted his life, even if somebody even if it was true, and I don't know, through the believed that that Mr client Smith did not intend to lie. Shouldn't there still be tricks? Stricter punishment? For the harm that he caused to Carter Page. There's no doubt about that. I mean he, along with others in the the high command of the Department of Justice, and the FBI ruined Carter Page is life. They named him a Russian spy when in fact they knew he was not. He was just the opposite. He was a CIA asset. That is another reason. Beverly exactly what you've given for this to every Steve for Mr Klein Smith, who received some jail time some prison time. The notion that he didn't intend to lie is almost impossible to accept. Given his role as a lawyer and the falsification of a document. He literally changed the meaning of the document. How you do not intend to do that. Is beyond me as a lawyer and as a citizen. Move to the president's impeachment trial. A second impeachment trial be set to begin next week. We saw a report yesterday from The Associated Press that the president has parted ways with his lead. Impeachment lawyers that the team of lawyers that he was working with have left they claimed by The Associated Press is that the president wanted them to use a defense that relied on maintaining allegations of election fraud through the trial, So these attorneys leave and then we get another report last night that Maura attorneys have actually joined The team as well. What do you know, if anything about the president's legal defense team? And how should he construct a legal defense for this impeachment trial? Well, I don't know anything about the president's legal defense team. Other than what I have read in the press, including the latest developments you just alluded to, um I think it's pretty clear given the preliminary vote that was taken. On Rand Paul's motion to dismiss for lack of jurisdiction Which well, his his motion to dismiss failed 55 to 45. But in fact it one 45 to 55 by showing that there weren't enough votes to convict the president in any impeachment trial, which is why Tim Kaine is trying to get a censure motion passed. The problem with the center motion is the same problem as the impeachment trial itself. I do not believe it is constitutional. To put on trial. A former president or a former civil official. Impeachment is for removal from office and nothing else that without removal, there is no jurisdiction. It's pretty obvious that the situation that the president should argue is that the Senate has no jurisdiction. I would if you know if if that doesn't work Then he's gonna have to argue whatever he wants, including the legalities of for the unconstitutional conduct of several states in enacting election laws, which violated the U. S Constitution. You can do that without getting into the nuts and bolts of fraud. And all that you do with Texas argued in the Supreme Court, which the Supreme Court unfortunately thing here, which is states violated the U. S constitution by enacting laws in violation of the U. S constitution in in a way that couldn't be done because they did it through governors. And through secretaries of state, So apparently, we don't know what the president's going to argue because now got his new team literally within days of the trial. Do you think that this is an opportunity? Not just for the president but also for Republicans, since there isn't likely to be enough votes for a conviction for them to talk about election fraud, that this is a way to put it? In front and center in front of the American people. This is a way for Donald Trump or hit him to still be able to state the case that he had been stating up until inauguration day. So do you think this can be turned to an opportunity for them? Well, if it gets to the point where they discussed the actual election itself, I think the most important thing to discuss are the ways in which individual states like Pennsylvania and Michigan and Wisconsin. Violated the U. S constitution violated their own state laws by the manner in which they allowed mail out voting and other changes to certification of signatures and then ballots. And envelopes that to be is the key thing. Then if you want to get into areas such as keeping Republicans out of observation post, so they couldn't even see the opening of that a ballot and envelopes that today is where they should be going, if they if they get into the substance of it, you know, the amazing thing about all of this show is like what they've done is they've set up this framework will Donald Trump talking about any of this is what incited violence in America. And so what is their plan? Their plan is to give him a gigantic platform to have the same conversation. This is well, It's totally insane. Actually, there's no political strategy to it whatsoever. Well, there's not a strategy..
WTVN
"us district court" Discussed on WTVN
"Hair driving an older white Nissan ultima. 14 year old boy wounded in Columbus after he was shot yesterday afternoon. The child was rushed to nationwide Children's hospital with a gunshot wound to his upper body. He's stable. Police have not released suspect information. A single engine airplane made an emergency landing in Avon. The plane experiencing loss of power, the pilot able to set it down in a cornfield on the north side of Chester Road after leaving the Cleveland Hopkins International Airport. There was no damage. Nobody hurt. Two men in Columbus facing charges in the U. S. Capitol Riot, Richard Lion and Robert Thompson both face federal charges in US District Court for D. C. Ah, violent entry, disorderly, another related charges. Thompson's also facing a theft charge. No court dates have been set and Ohio neo Nazi group is being ordered to pay $10,000 to a survivor of a car attack in Charlottesville, Virginia, and 2017. The group. The traditionalist Worker party was a party in a lawsuit filed against several defendants by Bill Burke, the district quarter southern Ohio. He was one of those injured when James Fields junior drove his car into the group of counter protesters and killed Heather Higher. With that $10,000 judgment. The traditionalist worker party will be dismissed as a defendant in that lawsuit. The Toledo cop on Lee on the job less than two years was killed last week. He leaves behind a fiance in two young Children a go fund me account has now been set up to help Look after them. I Sandy Collins, bringing.
KTLK 1130 AM
"us district court" Discussed on KTLK 1130 AM
"Top local stories are on twin cities. News talk dot com Minutes Shoulder news Network. I'm Bill Warner State. Public safety officials say there is currently no credible local immediate threat against the Minnesota State capital. But they say they're prepared in case there's trouble of this weekend's planned events. Commissioner John Herrington says law enforcement will make sure that peaceful protesters voices can be heard. But I want they're not to be any mistake. Have you come to the capital with criminal intent on your mind? You come to the capital to commit violent crimes. We will stop you hearing concerns. An earlier FBI report warning of potential violence at the Minnesota State capital is pretty dated. Material and circumstances have changed, but Harrington says they're quote turning over every rock and looking under every Bush. You see if there's anything else out there on hours long standoff and hostage situation involving a seven year old boy ended Thursday night in Brooklyn Park after the suspect died of a self inflicted gunshot wound. Officers called in a report of homes being burglarized. They arrived flag down and told that a man was holding a boy hostage in the bedroom of the house after negotiations with officers the suspect, let the boy go. Police say the man later fatally shot himself inside the home. Several minutes out of federal court buildings closing next week due to recent threats being made against government buildings released from the US District Court for Minnesota, says US courthouses in Saint Paul Minneapolis, Fergus Falls of Duluth will be closed from 12 A.m. Sunday to 5 A.m. Thursday. This is Eman n. Going very grand. Very high. I'm Peter Harris for grain. Very serials. If you're starting the new year with a gold to live healthier and pick up a boxer, too, of the healthiest and most natural cereal in the supermarket grain Berry with amazing Onyx sorghum is packed with powerful plant based antioxidants to help protect your body from free radicals. When we make Greenbury we care about sugar control. That's why we start with lower sugar than other cereals. Then use our whole grain on it. Sorghum to help slow sugar absorption, this sugar control or sugar taming as we call it helps manage diabetes and pre diabetes and we didn't have to sacrifice flavor to do it. So buy grain berry cereal with Amazing onyx sorghum and start curbing your sugar today available.