Latest / The Paul Barron Crypto Show / Tariff Chaos Crashes Crypto Again!🔥Market Update🔥

Transcript

Tariff Chaos Crashes Crypto Again!🔥Market Update🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The markets are crashing. This could be one of the
• 0:02
  Speaker 1: biggest red days ever. We'll break it down for you.
• 0:05
  Speaker 1: Welcome back into the show. I want to start off
• 0:07
  Speaker 1: with what we think is going on, and part of
• 0:10
  Speaker 1: this is this war between the US and China when
• 0:14
  Speaker 1: it comes to tariffs. This of course is the S
• 0:16
  Speaker 1: and P five hundred falling seventy points. This is in
• 0:19
  Speaker 1: reference to President Trump publishing that China is going to
• 0:22
  Speaker 1: get hit with more tariffs. So something is pissing him
• 0:25
  Speaker 1: off and he is going head to head, in fact,
• 0:28
  Speaker 1: so much so that he's going to hold a conference
• 0:31
  Speaker 1: later today to really go into this. But while that
• 0:34
  Speaker 1: is happening, two hundred mil liquidated from the cryptocurrency market
• 0:37
  Speaker 1: in the past fifteen minutes. This could get really bloody.
• 0:39
  Speaker 1: Guys going into a very bloody weekend where all of
• 0:43
  Speaker 1: this plays into one thing, and that is the message
• 0:47
  Speaker 1: that the United States is sending to China. Let me
• 0:50
  Speaker 1: place some.
• 0:51
  Speaker 2: One president posting a lengthy post on social media here,
• 0:55
  Speaker 2: but in it is threatening unspecified retaliation against the Chinese side.
• 0:59
  Speaker 2: Is also so seems here to cancel his scheduled meeting
• 1:04
  Speaker 2: that's coming up with President hijiinping of China. The President
• 1:07
  Speaker 2: here saying this was a real surprise not only to me,
• 1:11
  Speaker 2: but to all the leaders of the free world. I
• 1:13
  Speaker 2: was to meet President she in two weeks at Apec
• 1:16
  Speaker 2: in South Korea, but now there seems no reason to
• 1:20
  Speaker 2: do so. The President going on to say that the
• 1:22
  Speaker 2: Chinese letters about Rare Earth's were especially inappropriate, and that
• 1:26
  Speaker 2: this was the day that after three thousand years of
• 1:29
  Speaker 2: bed Limen fighting, there's peace in the Middle East. I
• 1:31
  Speaker 2: wonder if the timing was coincidental. So the President here
• 1:35
  Speaker 2: objecting not only to the Chinese move on Rare Earth,
• 1:38
  Speaker 2: but to the fact that it appears to have stepped
• 1:40
  Speaker 2: on the news of his apparent peace agreement with Israel
• 1:45
  Speaker 2: Hamas yesterday. We'll point out, Carl that just if you
• 1:48
  Speaker 2: look at the tone of this, it's a lengthy and
• 1:51
  Speaker 2: I think you could characterize this as an angry response
• 1:54
  Speaker 2: to the Chinese, but it's also a non specific response
• 1:58
  Speaker 2: to the Chinese. He's saying there seems no reason to
• 2:01
  Speaker 2: do so with the she meeting, So it seems as
• 2:04
  Speaker 2: if that meeting is being canceled, but it's not actually
• 2:07
  Speaker 2: canceling that meeting, and is also threatening a whole host
• 2:10
  Speaker 2: of retaliations here on areas that the United States has
• 2:13
  Speaker 2: monopolies on, but not specifying which ones, threatening a massive
• 2:17
  Speaker 2: increase in tarirists but not specifying which ones. So I
• 2:20
  Speaker 2: think you can put this in the category of presidential
• 2:23
  Speaker 2: venting right now.
• 2:25
  Speaker 1: All right, well, you call the presidential venting a taco
• 2:29
  Speaker 1: and that is Trump always chickens out. The point being
• 2:31
  Speaker 1: is that the negotiations that he's dealing with, these are
• 2:34
  Speaker 1: all ploys, guys, They're all ploys, and they are playing
• 2:36
  Speaker 1: into the markets. It creates volatility, It opens up opportunities
• 2:40
  Speaker 1: for those who are ready to take it, and that's
• 2:43
  Speaker 1: probably what's going to happen as he starts to air
• 2:46
  Speaker 1: what this issue is at three to five PM today.
• 2:50
  Speaker 1: I guarantee he's going to be late, so it'd probably
• 2:52
  Speaker 1: be after five, but markets are looking for more detail
• 2:54
  Speaker 1: on how this tariff statement will actually play out. I
• 2:58
  Speaker 1: anticipate it's just saying him he's not happy with jigiping,
• 3:01
  Speaker 1: and he's just going to sit there and push it
• 3:03
  Speaker 1: away in terms of trying to get a deal with China.
• 3:07
  Speaker 1: And again this is again a problem I think around
• 3:11
  Speaker 1: negotiation tactics that we've seen with President Trump and his
• 3:14
  Speaker 1: administration with the Chinese. So this is all playing into it.
• 3:17
  Speaker 1: You've got a lot other issues happening, and that is
• 3:20
  Speaker 1: around the potential or I should say the potential opening
• 3:23
  Speaker 1: of the government because it's still closed. And remember that
• 3:26
  Speaker 1: No King's Day there's protest planned across the nation. This
• 3:29
  Speaker 1: is to oppose the Trump administation. That'll happen on October
• 3:32
  Speaker 1: the eighteenth. There could be some possible alignment here where
• 3:37
  Speaker 1: the Dems could be kind of coming in and saying, hey,
• 3:40
  Speaker 1: we're going to kind of wide in on this until
• 3:42
  Speaker 1: October eighteenth to get in and kind of capitalize on
• 3:46
  Speaker 1: that news that's going to be hitting with these protests.
• 3:50
  Speaker 1: And I don't know, this will be interesting if they're
• 3:52
  Speaker 1: willing to do that the Democrats. I know that right
• 3:56
  Speaker 1: now it's an impasse between the two. So all of
• 4:00
  Speaker 1: this I think, even though that has not had as
• 4:02
  Speaker 1: much of an impact in terms of the government being
• 4:04
  Speaker 1: closed on the markets, but these moves on tariffs, this
• 4:08
  Speaker 1: has an impact. I really thought we'd get a little
• 4:11
  Speaker 1: bit more of a market pump with the news on
• 4:14
  Speaker 1: what's happening in Gaza in the Middle East, but right
• 4:17
  Speaker 1: now I think the tariffs on China are the one
• 4:19
  Speaker 1: that will affect so many companies. If you look at
• 4:22
  Speaker 1: the government shut down data right now, everybody's pointing at
• 4:26
  Speaker 1: that after the fifteenth, that looks to be the case.
• 4:30
  Speaker 1: Once we go beyond that is where it gets a
• 4:32
  Speaker 1: little bit dicey for a lot of different people here
• 4:34
  Speaker 1: in the United States. I'm not for this. I think
• 4:37
  Speaker 1: the key here is they got to set down, try
• 4:39
  Speaker 1: to figure this out, because this is only going to
• 4:41
  Speaker 1: make things worth worse economically, and that's the thing that
• 4:45
  Speaker 1: you cannot do now. The bullish news going into the market,
• 4:49
  Speaker 1: I think there are some bullish news. One of the
• 4:51
  Speaker 1: things I'm watching right now I Trust Capital. They hit
• 4:54
  Speaker 1: fifteen billion in crypto transactions. That shows me that and
• 4:58
  Speaker 1: of course I Trust is a sponsor of but that
• 5:00
  Speaker 1: shows me that what we're seeing now is people looking
• 5:04
  Speaker 1: at long term potential holding so going into a CRYPTOIRA,
• 5:08
  Speaker 1: those kind of things. That much going into crypto transactions
• 5:11
  Speaker 1: over this last month pretty impressive as we continue to
• 5:15
  Speaker 1: see that area grow. The other thing that is happening,
• 5:18
  Speaker 1: of course, is the Market Structure bill, and of course
• 5:21
  Speaker 1: talks are now stalling over this leaked Democrat DeFi proposal,
• 5:26
  Speaker 1: and let's be honest, this is politics in general, but
• 5:30
  Speaker 1: in reality, I believe this is the banks versus crypto
• 5:35
  Speaker 1: and that's what it boils down to. The strongest lobbyists
• 5:38
  Speaker 1: out there have been putting this out there in terms
• 5:41
  Speaker 1: of trying to derail DeFi and the future of where
• 5:45
  Speaker 1: crypto is going, because they're trying to get in a
• 5:47
  Speaker 1: position to be in play in this market and they
• 5:51
  Speaker 1: currently are not. Let's go to a clip here, This,
• 5:54
  Speaker 1: of course is Charles Hoskinson from Cardono. He kind of
• 5:56
  Speaker 1: hits on this very point.
• 5:57
  Speaker 3: Take a look, and finally the Senate Democrats have decided
• 6:02
  Speaker 3: to issue their counterproposal, so I'll just kind of read
• 6:05
  Speaker 3: this off. The plan would grant the Treasury Department power
• 6:07
  Speaker 3: to create a restricted list of DeFi protocols considered excessively
• 6:11
  Speaker 3: risky and could force an immediate halt of bipartisan negotiations
• 6:14
  Speaker 3: on overall crypto market structure instantly dead, and opposes mandatory
• 6:19
  Speaker 3: know your customer rules for cryptocurrency application front ends, including
• 6:22
  Speaker 3: non custodial wallet interfaces. In other words, every single wallet
• 6:27
  Speaker 3: is basically illegal. All your browser.
• 6:29
  Speaker 1: Wallets would be illegal. Thanks Democrats.
• 6:32
  Speaker 3: Developer protections would be removed in every single person building
• 6:36
  Speaker 3: DeFi applications is now a criminal.
• 6:38
  Speaker 1: Congratulations, thanks Senate Democrats. All right, So I mean the
• 6:43
  Speaker 1: point is, yes, these are the kind of proposals that
• 6:47
  Speaker 1: I think in many cases they know not what they
• 6:49
  Speaker 1: do in terms of the Dems. But I think they're
• 6:51
  Speaker 1: being directed by one clear arm, and that is the
• 6:55
  Speaker 1: banking community in these lobbyist groups. So just remember major
• 6:59
  Speaker 1: banks are now collabed bring up plans to joint launch
• 7:02
  Speaker 1: a stable coin initiative. Timing interesting here of course we
• 7:06
  Speaker 1: see Bank of America Goldman in there, some of the
• 7:09
  Speaker 1: US Bank's TD Bank obviously ubs City. Point being guys
• 7:12
  Speaker 1: is that they have a lot to lose and this
• 7:16
  Speaker 1: is the only thing that they can do to try
• 7:18
  Speaker 1: to slow this down. And if we do get clarity
• 7:22
  Speaker 1: coming fast, they just want to be in a position
• 7:25
  Speaker 1: to where they can compete. And I think that is
• 7:28
  Speaker 1: the issue that really boils down. Now Charles has been
• 7:31
  Speaker 1: busy out there because now he's saying, yep, well, this
• 7:34
  Speaker 1: will also start to circumvent the issue with Circle and
• 7:38
  Speaker 1: Tether in terms of monopoly on stable coins in this
• 7:42
  Speaker 1: consumed break. I don't necessarily think that is going to
• 7:45
  Speaker 1: be the case. I think we will continue to see
• 7:48
  Speaker 1: native stable coins on blockchain become and still be the
• 7:52
  Speaker 1: dominant forces. Now, let me know what you guys think.
• 7:55
  Speaker 1: Would you allow or would you hold stable coins in
• 7:59
  Speaker 1: your bank? Just put yes or no down below. I
• 8:02
  Speaker 1: want to kind of curious on what that would be
• 8:05
  Speaker 1: for you guys. If you're not subscribed to the channel,
• 8:07
  Speaker 1: make sure and do that now as well. Let's go
• 8:09
  Speaker 1: over to a couple other points because I want to
• 8:11
  Speaker 1: get in on this right here, and this is a
• 8:13
  Speaker 1: point that you have to pay attention to. Around the
• 8:16
  Speaker 1: government shutdown, there's a few things that puts the brakes
• 8:19
  Speaker 1: on ETFs that'll slow down the market. This could also
• 8:22
  Speaker 1: push the market further into twenty twenty six. We've talked
• 8:25
  Speaker 1: about that before. A couple of points they hit on
• 8:27
  Speaker 1: right here. Just look at the all coin ETF approvals
• 8:30
  Speaker 1: literally going from what we were getting to where we
• 8:33
  Speaker 1: are now, because we aren't going to be able to
• 8:35
  Speaker 1: get any until we start to get these regulators back
• 8:38
  Speaker 1: in office. But the first wave of green lights was
• 8:40
  Speaker 1: expected mid October until everything stopped, and that of course
• 8:44
  Speaker 1: is where we are today. Point being right here, Industry
• 8:46
  Speaker 1: analysts now estimate that once the SEC removes work resumes worked,
• 8:50
  Speaker 1: between five and ten billion in capital could enter the
• 8:53
  Speaker 1: market almost immediately on ETF launches. Now, people I'm talking
• 8:56
  Speaker 1: to are saying that the ETF is or the SEC
• 9:00
  Speaker 1: is actually still doing a lot of work. So it's
• 9:02
  Speaker 1: very possible that this could hit the ground running once
• 9:06
  Speaker 1: that they opened the government back up, so be on
• 9:08
  Speaker 1: the lookout for that. We could see a lot more
• 9:10
  Speaker 1: movement out there in terms of action. The other thing
• 9:13
  Speaker 1: that's happening this month is October twenty First, you've got
• 9:17
  Speaker 1: the US FED hosting their Payments Innovation Conference. And remember
• 9:19
  Speaker 1: we've talked about this before. Chair Palell is going to
• 9:22
  Speaker 1: be hosting this conference around the future of where crypto
• 9:26
  Speaker 1: and AI is going. And I will grant you there
• 9:28
  Speaker 1: are going to be every banking lobby lead at this
• 9:32
  Speaker 1: event and every banking representative that's talking about the future
• 9:37
  Speaker 1: of crypto. Be ready because there's going to be a
• 9:39
  Speaker 1: lot that happens coming out of that conference. Now, the
• 9:42
  Speaker 1: question is is how does this play into the bull market?
• 9:45
  Speaker 1: Is the top end? I mean people would say the
• 9:48
  Speaker 1: October sixth day, seventh day was the top If you're
• 9:52
  Speaker 1: looking at previous cycles. Here's a clip that kind of
• 9:55
  Speaker 1: goes into that. Take a look quote.
• 9:57
  Speaker 4: The combination of continued economic growth, corporate profits, and a
• 10:01
  Speaker 4: supportive policy backdrop provides a solid foundation for maintaining a
• 10:05
  Speaker 4: constructive stance heading into the fourth year of this cycle.
• 10:09
  Speaker 4: Of the seven Bowl markets that extended beyond year three
• 10:12
  Speaker 4: all saw further gains during the following year.
• 10:16
  Speaker 5: I think the big takeaway for people is that it's
• 10:18
  Speaker 5: very expensive to missible market. You almost never recover if
• 10:23
  Speaker 5: you sit these types of things out and watch from
• 10:25
  Speaker 5: the sideline, or you're way under invested, or you spend
• 10:29
  Speaker 5: the entire time waiting for it to an end, and too
• 10:32
  Speaker 5: much focus on hedging, not enough focus on capturing that upside.
• 10:36
  Speaker 5: But I think people need to have that context, that background,
• 10:40
  Speaker 5: so that they understand just because stocks have been up,
• 10:43
  Speaker 5: that in and of itself is not a reason to say,
• 10:45
  Speaker 5: all right, that's as good as it's going to get.
• 10:47
  Speaker 1: I'm done now. All right, Now, you've got conservative investors,
• 10:51
  Speaker 1: and you've got people out there that are willing to
• 10:53
  Speaker 1: take the risk, because there is a certain amount of
• 10:55
  Speaker 1: risk appetite that you have to have in this stage
• 10:59
  Speaker 1: of a market. Lee talked about this the other day
• 11:02
  Speaker 1: in the sense that he still sees this on a
• 11:04
  Speaker 1: very aggressive move upward. If you're believing those guys now,
• 11:07
  Speaker 1: remember a lot of these guys now have skin in
• 11:09
  Speaker 1: the game. Tom Lee of course with bit Minor, an
• 11:12
  Speaker 1: Ethereum dat company, a digital asset treasury company. If you
• 11:15
  Speaker 1: guys don't know where that is, God, do some research
• 11:18
  Speaker 1: on that because it has a lot of influence over
• 11:20
  Speaker 1: ethereum in general. And as we see the market start
• 11:23
  Speaker 1: to flow into this, the real question is where is
• 11:25
  Speaker 1: the liquidity going to come from? Well, part of that
• 11:27
  Speaker 1: is going to come in from a lot of Capex
• 11:29
  Speaker 1: that is starting to flow into businesses. And this could
• 11:33
  Speaker 1: be another indicator that says, well, wait a minute, if
• 11:36
  Speaker 1: we start to see this over bought position on Capex,
• 11:40
  Speaker 1: does that bring us back to these past bear market
• 11:44
  Speaker 1: indicators going forward? Take a look at this clip.
• 11:47
  Speaker 6: Where do you stand on You know, we had a
• 11:49
  Speaker 6: Pultard or Jones on the broadcast earlier this week and
• 11:51
  Speaker 6: he made a comment how he thought we could be
• 11:54
  Speaker 6: in October of nineteen ninety nine, which is actually not
• 11:57
  Speaker 6: a bad place to be because the market's still I
• 11:59
  Speaker 6: think had some like forty percent. To go from there,
• 12:02
  Speaker 6: you just had to know to get off the train
• 12:04
  Speaker 6: at the right time.
• 12:06
  Speaker 7: There's certainly similarities after living through that trying the time that.
• 12:11
  Speaker 7: I have no idea. I do know that similar to
• 12:14
  Speaker 7: that timeframe, the amount of cap X that was being
• 12:17
  Speaker 7: spent was extraordinary and we saw the end result of that,
• 12:21
  Speaker 7: and the amount of CAPEX today is quite extraordinary as well,
• 12:25
  Speaker 7: defined as Workle spending half their revenue not cash, FUW
• 12:29
  Speaker 7: half their revenue on CAPEX and met and Microsoft spending
• 12:32
  Speaker 7: a third of their revenue. Hopefully it pays off, but
• 12:34
  Speaker 7: those are big numbers.
• 12:36
  Speaker 8: I don't know how you trade what he said. I mean,
• 12:38
  Speaker 8: so it paltered the dunes.
• 12:40
  Speaker 6: I mean I was watching, but I think what you
• 12:42
  Speaker 6: do is you It's like a Chuck Prince kind of situation.
• 12:45
  Speaker 6: I know, a dance while the music is still playing.
• 12:48
  Speaker 6: I know what he's saying, but you got to find
• 12:49
  Speaker 6: a seat. Though, when it's doped, it's win win.
• 12:52
  Speaker 8: He was dead wrong in May and couldn't have been
• 12:55
  Speaker 8: more wrong, and you pointed that out because he said
• 12:57
  Speaker 8: we're going to go to New Loath right now. His
• 12:59
  Speaker 8: thing is, oh, something really bad is coming. But before
• 13:03
  Speaker 8: something really bad comes. It's going to be unbelievably good
• 13:06
  Speaker 8: for as long as two years, so possible, it's gonna be. Yeah,
• 13:09
  Speaker 8: it is, but you're it's either you're covering yet it's
• 13:12
  Speaker 8: going to go much further and you're also covering any
• 13:15
  Speaker 8: time it could really collapse and be really bad. So
• 13:18
  Speaker 8: what do you really what information are you really giving us?
• 13:21
  Speaker 1: You can't that's okay, you're right, you can't trade that, guys.
• 13:24
  Speaker 1: And if you're watching the mainstream, the reason you come
• 13:27
  Speaker 1: to our channels because we give you analysis on this
• 13:29
  Speaker 1: media and I believe that they're all wrong. You know,
• 13:32
  Speaker 1: we're continuing to get these cycle tops called We're continuing
• 13:36
  Speaker 1: to see this kind of innovation that is happening, whether
• 13:38
  Speaker 1: it's the AI bubble or not. And if you believe
• 13:40
  Speaker 1: that it is, then that is a problem going forward.
• 13:43
  Speaker 1: I personally think AI is still going to be on
• 13:45
  Speaker 1: an accelerated to zero that's right. I think we're going
• 13:48
  Speaker 1: to accelerate to zero in terms of cost of where
• 13:51
  Speaker 1: that goes, and that will play into one of the
• 13:53
  Speaker 1: companies that could get hurt on this. On the backside
• 13:55
  Speaker 1: is even if you think about it in video, if
• 13:57
  Speaker 1: they in fact do continue to improve performance on these chips.
• 14:01
  Speaker 1: So a lot of things playing into this. Bitcoin is
• 14:04
  Speaker 1: going to be one of them as well. Super cycle unfolding.
• 14:07
  Speaker 1: There are a couple of things that you could look
• 14:09
  Speaker 1: at here. A couple of chart patterns are suggesting a
• 14:12
  Speaker 1: four hundred and fifty to five hundred. I don't go there.
• 14:14
  Speaker 1: I don't necessarily believe that's right on target. Now, could
• 14:18
  Speaker 1: this be over a long period of time. Sure, there
• 14:21
  Speaker 1: is some volatility that kind of supports that, but other things.
• 14:24
  Speaker 1: If you look at the breakouts now to a potentially
• 14:27
  Speaker 1: an all time high around one twenty six, this has
• 14:29
  Speaker 1: all been done because of the resurgence in US spot
• 14:33
  Speaker 1: inflows ETF inflows, and I think that's going to continue
• 14:36
  Speaker 1: to support the mechanism, if for both ethereum and also
• 14:41
  Speaker 1: for bitcoin. But I think the real critical thing here
• 14:44
  Speaker 1: is going to be Clarity Act, and we're going to
• 14:46
  Speaker 1: still see the amount of impact that we're going to
• 14:49
  Speaker 1: have with the FED cutting rates. I understand that many
• 14:52
  Speaker 1: people say that's not really going to impact as much.
• 14:54
  Speaker 1: I disagree. I think you are going to start to
• 14:56
  Speaker 1: see real movement on liquidity off the sidelines into these
• 15:01
  Speaker 1: markets when those rates start to see another sub one
• 15:05
  Speaker 1: point cut, which will probably happen in early twenty twenty six.
• 15:09
  Speaker 1: It's the same ETF flows through October and November. This
• 15:12
  Speaker 1: is going to be a durable tailwind. I would agree
• 15:14
  Speaker 1: with that. And listen, Bitcoin's trading at one seventeen here
• 15:18
  Speaker 1: as we're recording this right now. A week ago, it
• 15:22
  Speaker 1: was busting out into another all time high. So is
• 15:25
  Speaker 1: that an opportunity to trade? That's this nice volatility there,
• 15:29
  Speaker 1: and ethereum is getting ready to cut under three k.
• 15:32
  Speaker 1: So are we in a position or under four k?
• 15:34
  Speaker 1: Are we in a position where this may just open
• 15:37
  Speaker 1: up another opportunity to buy in? I don't know. Let
• 15:40
  Speaker 1: me know what you guys think in the comments. If
• 15:42
  Speaker 1: you are buying this dip as we talk, spot bitcoin
• 15:46
  Speaker 1: ETF trading volume surpass one billion in the first hour
• 15:48
  Speaker 1: of trading. That should tell you something. Continued volatility on
• 15:52
  Speaker 1: the way gold is booming right now mirrors a lot
• 15:56
  Speaker 1: of what's happening with the bitcoin momentum, and of course
• 15:59
  Speaker 1: bank are buying in. This is getting crazy out there.
• 16:02
  Speaker 1: It's only in recent weeks that gold has finally surpassed
• 16:06
  Speaker 1: to real adjust at all time highs we ever saw
• 16:08
  Speaker 1: this silver of course cracked fifty retraced off of it.
• 16:12
  Speaker 1: These are signs that either we are nearing a massive
• 16:15
  Speaker 1: breakout or a flatlining of this particular market. And if
• 16:20
  Speaker 1: you look at most people, because it's still very divisive
• 16:23
  Speaker 1: between the analyst as to what's going to happen, many bulls,
• 16:26
  Speaker 1: many bears out there in the markets continue to watch
• 16:30
  Speaker 1: how this plays out. Solana's ETF decision delayed, and this
• 16:34
  Speaker 1: was set to go any minute now. But the interesting
• 16:38
  Speaker 1: thing is Solana could actually end up kicking this off
• 16:42
  Speaker 1: if we actually see the ETF approval once that we
• 16:46
  Speaker 1: get the government shutdown over with, because what we could
• 16:49
  Speaker 1: get is a rush into the market. And one of
• 16:51
  Speaker 1: the reasons you're going to see a rush into the
• 16:53
  Speaker 1: market is because of this right here, that is these
• 16:55
  Speaker 1: ridiculously old rates. Canary has come back with shots across
• 16:59
  Speaker 1: the bow here going at point fifty on their expense
• 17:02
  Speaker 1: ratio and no cut of staking rewards versus bit wise,
• 17:06
  Speaker 1: our friend Matt Hogan over there, he's going at points
• 17:08
  Speaker 1: two oh and that was a big deal, but he's
• 17:12
  Speaker 1: keeping six percent of the staking rewards. I got to
• 17:14
  Speaker 1: get Matt on to talk about that I think he
• 17:15
  Speaker 1: is going to get a little bit more negotiated on
• 17:18
  Speaker 1: this now that Canary is coming in. This is a
• 17:21
  Speaker 1: big deal for these two to go neck and neck
• 17:23
  Speaker 1: to try to win the Solana ETF because this could
• 17:27
  Speaker 1: be a big catalyst for not only Solana but also
• 17:30
  Speaker 1: for the market. So be thinking about that. Another catalyst
• 17:33
  Speaker 1: leading the market right now. Caw she just raised a
• 17:36
  Speaker 1: five billion dollar valuation. This is being led by Sequoia
• 17:40
  Speaker 1: and a sixteen Z two of the top v season
• 17:43
  Speaker 1: in Silicon Valley. Remember this is on the heels of
• 17:46
  Speaker 1: Polymarket fielding offers for a nine billion dollar evaluation, and
• 17:50
  Speaker 1: of course the deal that we already saw with Ice
• 17:53
  Speaker 1: with Polymarket, the owners of the NYC A s E.
• 17:56
  Speaker 1: So these two are going neck and neck and it
• 17:59
  Speaker 1: is now becoming a slugfest between Calshi and Polymarket. I
• 18:04
  Speaker 1: put out a tweet this morning and it was kind
• 18:06
  Speaker 1: of just a breakdown these are the things that are
• 18:09
  Speaker 1: are really at stake here. Calshi just went global with
• 18:12
  Speaker 1: this deal with Salona three hundred billion on the rays,
• 18:15
  Speaker 1: which is another five billion valuation if you consider that
• 18:18
  Speaker 1: being the case. Fifty billion annualized volume right now and
• 18:22
  Speaker 1: so far they're on three x growth post rays and
• 18:25
  Speaker 1: they're fully regulated. That's the one thing they have over
• 18:27
  Speaker 1: poly Market. Polymarket's offshore regulartory uncertainty. But yet the US
• 18:33
  Speaker 1: access is opening up. I think that is the key
• 18:36
  Speaker 1: here for Shane Copeland over at Polymarket to get this
• 18:38
  Speaker 1: thing going and two billion in terms of an investment
• 18:41
  Speaker 1: coming in and a leader in terms of the political prediction.
• 18:45
  Speaker 1: And remember twenty twenty six, huge political year in the midterms.
• 18:49
  Speaker 1: Polymarket could come in and win this overall. Let me
• 18:52
  Speaker 1: know what you guys think down in the comments. If
• 18:54
  Speaker 1: you're not part of the Diamond Circle, get in right now.
• 18:56
  Speaker 1: It's a great place to get additional content from me.
• 18:58
  Speaker 1: I sent out a letter each week that is great
• 19:01
  Speaker 1: for you guys in terms of understanding where these markets
• 19:03
  Speaker 1: are going. Follow me on X at Paul Baron. We'll
• 19:06
  Speaker 1: catch you next time right here on The Paul Baron Show.