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Crypto Rundown: The #1 Secret About Ethereum & Why Are Whales Selling Crypto?! · CRYPTO 101

0:08
[SPEAKER_00]: All right, everyone.
0:10
[SPEAKER_00]: Welcome back to the crypto run down where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology.
0:19
[SPEAKER_00]: From the fundamentals and the news to the technicals on the charts, we spend the time doing hours of research so that you all don't have to and we bring it to you in under an hour completely for free and welcome back.
0:31
[SPEAKER_00]: It is August, twenty-twenty-five.
0:34
[SPEAKER_00]: There's a lot to unpack here in this bright Monday episode, and it's been a really volatile past week.
0:41
[SPEAKER_00]: Now, if you remember in the prior week, we are coming off of a little bit of a dumb.
0:46
[SPEAKER_00]: The markets were coming off the highs, we explained why, and we bled for the majority of the week until Friday.
0:53
[SPEAKER_00]: When Friday came around, we had Jerome Powell, the Federal Reserve, and all of them talking in Jackson Hole for their big annual meeting, the markets immediately pumped afterwards.
1:03
[SPEAKER_00]: However, what we're seeing again is another early week dump.
1:07
[SPEAKER_00]: So in this week's episode, we're not only going to talk about the Jackson Hole meeting, the recent pump and dump action, what's happening behind the scenes, who's selling, but we also want to talk about who's buying and conveniently enough,
1:21
[SPEAKER_00]: The pros here are all the positives, farly outweigh all the different cons that we have.
1:27
[SPEAKER_00]: So there's a lot of different fundamental catalysts that we need to talk about.
1:30
[SPEAKER_00]: There's huge new biodeers coming in from the ETFs, from the Treasury companies, and also we're seeing new ETF applications come out.
1:39
[SPEAKER_00]: as well, as a whole bunch of other catalysts.
1:41
[SPEAKER_00]: So lots of talk about here today.
1:43
[SPEAKER_00]: We want to make sure that all of you stay tuned for the entire episode, because there is going to be an important information discussed the entire way through.
1:51
[SPEAKER_00]: Now, of course, I can't do this without my good old buddy and co-host Mr. TVell.
1:56
[SPEAKER_00]: So we're going to have an exciting episode.
1:59
[SPEAKER_01]: Yeah, a lot to talk about as always.
2:01
[SPEAKER_01]: This is definitely one that's going to push the boundaries of the time limits.
2:06
[SPEAKER_01]: Yeah, maybe under an hour, but it's exciting times.
2:09
[SPEAKER_01]: But I definitely wanted to kick off this episode and just apologize for last week, especially to our crypto nation family.
2:14
[SPEAKER_01]: I know we sent out the link.
2:16
[SPEAKER_01]: And then we just had some technical difficulties with YouTube.
2:19
[SPEAKER_01]: It happened sometimes and the link ended up breaking because we had some, again, just some problems with YouTube.
2:24
[SPEAKER_01]: So sorry about that.
2:25
[SPEAKER_01]: We tried to fix it.
2:26
[SPEAKER_01]: We couldn't.
2:27
[SPEAKER_01]: We sent out the audio link instead, but we're back.
2:30
[SPEAKER_01]: We're up rolling.
2:32
[SPEAKER_01]: Ethereum all time highs yesterday on Sunday.
2:36
[SPEAKER_01]: Obviously, Jerome Powell with a very dovish Friday at Jackson Hole, which credits us.
2:41
[SPEAKER_01]: We teed everybody up on Thursday, right?
2:43
[SPEAKER_01]: We said, this is some type of clearing event.
2:45
[SPEAKER_01]: Again, we didn't have a crystal ball.
2:47
[SPEAKER_01]: We can't tell you is it going up.
2:48
[SPEAKER_01]: Is it going down?
2:49
[SPEAKER_01]: But it's an important event on the world stage to pay attention to.
2:53
[SPEAKER_01]: And that's where we're going to kick off this episode because sure enough, that was an absolute market moving event like we told everybody who needed to do, you know, stay tuned and stay at prize to that stuff.
3:03
[SPEAKER_00]: Yeah, I mean, absolutely, man.
3:05
[SPEAKER_00]: You know, there's a lot going on here.
3:07
[SPEAKER_00]: And the big, I think a fact, like the big event over the weekend was people getting whiplash from the crypto move.
3:16
[SPEAKER_00]: One second, we are at Jackson Hole.
3:18
[SPEAKER_00]: Everything sounds good.
3:20
[SPEAKER_00]: We're pumping into new highs.
3:21
[SPEAKER_00]: Then the next second, you'll blink.
3:24
[SPEAKER_00]: And everything's down over five percent.
3:26
[SPEAKER_00]: Bitcoin, Ethereum, Solana, you know, mainstream, all-terdown, even more than that.
3:31
[SPEAKER_00]: And it was a bit of a whip-lash effect where people were like, what just happened?
3:34
[SPEAKER_00]: Like, what could have sent us down from this euphoric all-time high move to crashing, and we have some answers for you.
3:42
[SPEAKER_00]: And it's probably not what you think.
3:45
[SPEAKER_00]: Before we get even get into that, let's talk about Jackson Hole and what happened there because that was a really big move.
3:51
[SPEAKER_00]: Not only for crypto, but for Tradfile, like everything responded with overwhelming positivity.
3:57
[SPEAKER_00]: And as you see it on the screen right here, quick reminder, if you're coming in from anywhere that's not YouTube, you need to go over to our YouTube channel to see all the different charts and images and graphics and everything else that we're going to be referencing.
4:10
[SPEAKER_00]: But Tiva's got a great image on the screen right now of a rubbish.
4:15
[SPEAKER_00]: Jerome Powell.
4:17
[SPEAKER_00]: For a long time, man, we've been hoping for this.
4:19
[SPEAKER_00]: We've been trying to get the Elvis J. Powell.
4:22
[SPEAKER_00]: And he finally came out.
4:24
[SPEAKER_00]: Wings flapping and everything on this Jackson home meeting.
4:29
[SPEAKER_00]: And he started to give us a bit in
4:33
[SPEAKER_00]: a bit of a change in policy stance and initially what he was saying in this and we're going to explain why this is a good thing for crypto and why it relates to crypto but what he came out is and he's basically sad is like
4:47
[SPEAKER_00]: There might be more risks and we need to pay more attention to the labor markets and jobs as opposed to inflation.
4:55
[SPEAKER_00]: And we think that the risks over there and the importance of that is now outweighing the risks and importance of inflation with where it's currently at.
5:05
[SPEAKER_00]: They've also came along, way with their inflation targets, as they've said, got getting it down from almost ten percent at COVID to now
5:12
[SPEAKER_00]: around three percent.
5:14
[SPEAKER_00]: And the thought here is that again, there needs to be more of an emphasis on the labor and job market.
5:20
[SPEAKER_00]: So Brendan, why in the world does that matter?
5:21
[SPEAKER_00]: And how does it relate to crypto?
5:23
[SPEAKER_00]: Well, you followed this up by essentially confirming that he's becoming more rubbish.
5:28
[SPEAKER_00]: The Fed is going to be pivoting towards focusing more on the labor markets.
5:32
[SPEAKER_00]: And what that means is that he's going to be more welling to cut rates moving forward.
5:39
[SPEAKER_00]: Because that is now the goal of the Fed.
5:43
[SPEAKER_00]: He always says, oh, we have a dual mandate.
5:45
[SPEAKER_00]: Not as to perfectly balance the labor markets or the job market with the inflation market.
5:52
[SPEAKER_00]: And the way to combat both of those is in different ways, right?
5:56
[SPEAKER_00]: One by rising or by hiking rates, one by decreasing rates.
6:00
[SPEAKER_00]: And so by favoring and focusing a little bit more on the job markets, what that means is he is now in this more dovish tone, more willing to cut rates and historically.
6:10
[SPEAKER_00]: The crypto market, as we've said this countless times before, the crypto market favors a rate-cutting environment.
6:17
[SPEAKER_00]: It historically performs extremely well during a rate-cutting environment.
6:22
[SPEAKER_00]: So the crypto market was overjoyed to hear this.
6:24
[SPEAKER_00]: Everything started pumping.
6:26
[SPEAKER_00]: Ethereum went to new all-time highs over the weekend.
6:28
[SPEAKER_00]: Salana started breaking out, altcoin started breaking out.
6:32
[SPEAKER_00]: We talked about aerodrome over here before.
6:35
[SPEAKER_00]: Everything just left and right was shooting up to the moon and we were getting breakouts everywhere.
6:40
[SPEAKER_00]: However, around the time of Sunday, things started to change.
6:44
[SPEAKER_00]: But I guess before we move on there, Tiva, I want to loop you in.
6:49
[SPEAKER_00]: Yeah.
6:50
[SPEAKER_00]: I mean, yeah, it was just a crazy move.
6:54
[SPEAKER_01]: No, it was, I wouldn't call it necessarily historic, but again, we teach you up on Thursday.
6:59
[SPEAKER_01]: We told you this is probably going to be some type of clearing event to the downside or the upside.
7:04
[SPEAKER_01]: And that's exactly what happened.
7:05
[SPEAKER_01]: It's definitely
7:08
[SPEAKER_01]: It's a tone change, which again, the market reacted to just kind of the summary of what you said.
7:12
[SPEAKER_01]: And I think kind of going forward, you know, it's always the stock market and just all this stuff is kind of turned into just a reality show, right?
7:21
[SPEAKER_01]: Like you got a tune in each week.
7:22
[SPEAKER_01]: What's new?
7:23
[SPEAKER_01]: What's going to be the new data point?
7:24
[SPEAKER_01]: What's going to be the new Fed talking points?
7:26
[SPEAKER_01]: And again, that's kind of what we do here.
7:28
[SPEAKER_01]: We kind of have fun breaking all that down and following it.
7:30
[SPEAKER_01]: But I think this kind of gives you, um, and again, you got to see the macro.
7:35
[SPEAKER_01]: There's always a black swan then come out of nowhere.
7:37
[SPEAKER_01]: But I feel like this kind of gives you the next three to four weeks of kind of, you know, a little bit of a fed put, if you will, to the downside and unless there's some wild economic data that comes out, um, that would counter
7:50
[SPEAKER_01]: what Fed Paul said at Jackson Hole, then it's looking like at least one rate cut if not two going into the end of the year.
7:57
[SPEAKER_01]: And then again, seasonality and August and September for all markets is usually a little bit weaker, but kind of we've kind of already pushed through that, at least in the crypto markets, August-wise is like, it's been an interesting August, not traditionally as much down as it usually is.
8:16
[SPEAKER_01]: And so when September comes around,
8:18
[SPEAKER_01]: I think that you're going to be kind of hinging on these data points, but to get that transition from Powell's speech is pretty important.
8:27
[SPEAKER_01]: And just for the listeners here, especially the, well, the YouTube Watcher specifically, I kind of compiled the on our Twitter here on our X, the best of the memes.
8:36
[SPEAKER_01]: So you got like, Dovish, Jerome Powell, you got a note, no time for puts
8:41
[SPEAKER_01]: double of seven drone power.
8:43
[SPEAKER_01]: We got the a bees of final boss drone power.
8:47
[SPEAKER_01]: Michael sailor appeared sailor alert.
8:49
[SPEAKER_01]: He had a good weekend as well.
8:51
[SPEAKER_01]: And then that was my favorite one.
8:53
[SPEAKER_01]: Obviously is the Sydney Sweeney Jackson power.
8:56
[SPEAKER_01]: So just it's been a it's been a fun weekend kind of taking all that in and the market's definitely loved it on Friday, but the most interesting thing is again, as soon as you think it's a green light right and everybody's going to pile in and then all the DJs are going to go, you know, ten X Ethereum long, a hundred X long, you know, there's going to be speed bumps along the way.
9:16
[SPEAKER_01]: So I know you're going to bring up the charts here show us that and then that's going to lead us into a discussion of, you know, some some things to the downside that happened over the weekend as well.
9:24
[SPEAKER_01]: So we got a
9:25
[SPEAKER_01]: dive into it, and the crypto run now, that's what we do when we're painting the whole picture for you.
9:30
[SPEAKER_00]: Yeah, exactly man.
9:31
[SPEAKER_00]: And like, let's throw this up on the screen so that everyone can see this a little bit more clearly.
9:36
[SPEAKER_00]: Like the move was a little bit crazy.
9:38
[SPEAKER_00]: It's just been choppy here, especially on Bitcoin as it continues to lose dominance.
9:44
[SPEAKER_00]: But, you know, we had
9:45
[SPEAKER_00]: just kind of a bleed down.
9:47
[SPEAKER_00]: Then here's that rally that we were talking about off the Friday lows from bottom to top, it was over five percent.
9:54
[SPEAKER_00]: And then immediately on Saturday and Sunday, we started seeing the selling come back in in the market, right?
9:59
[SPEAKER_00]: So Saturday, Sunday, Monday, we've started seeing bleeding come back in.
10:03
[SPEAKER_00]: And you can see this a whole lot more clearly on altcoins, right?
10:05
[SPEAKER_00]: Because Bitcoin dominance has been dropping.
10:07
[SPEAKER_00]: This is the new trend.
10:09
[SPEAKER_00]: It's finally pivoted off of this multi-year up trend that it has been on, which is really, really good for alt's.
10:15
[SPEAKER_00]: But with that theory.
10:16
[SPEAKER_00]: Excuse me.
10:17
[SPEAKER_00]: With that theory, I'm over here.
10:19
[SPEAKER_00]: on what we're having is this pivot become a whole lot more clear, right?
10:26
[SPEAKER_00]: We were pumping off of this news and then all the sudden we started selling off over the weekend.
10:31
[SPEAKER_00]: We hit the new high and then from this new high, we immediately sold off almost nine percent to the downside.
10:38
[SPEAKER_00]: And people are like, who is doing this on a Sunday?
10:40
[SPEAKER_00]: I want a Saturday Sunday, who is doing this?
10:43
[SPEAKER_00]: Why is this happening?
10:44
[SPEAKER_00]: Same thing with Solana.
10:46
[SPEAKER_00]: breaking out here, like complete breakouts to the highest point that we've seen since almost the start of this year.
10:51
[SPEAKER_00]: And then Solana sells off almost nine percent to the downside as well.
10:55
[SPEAKER_00]: And you saw this with a lot of these other altcoins.
10:58
[SPEAKER_00]: Aerodrome was also breaking out.
10:59
[SPEAKER_00]: We talked about this one minus seventeen percent.
11:02
[SPEAKER_00]: XRP, not doing it really as well lately, but like this saw some selling pressure of almost seven percent.
11:09
[SPEAKER_00]: And so no matter where you really look across the board, everything was selling off in mass,
11:13
[SPEAKER_00]: And one of the big talking points has been B and B because, you know, when you look at this cell-off, it was almost non-existent, especially yesterday, which is when the big cell-off happened, it was down zero point four percent, and so people are like, well, that's a little strange.
11:28
[SPEAKER_00]: Now, it has been a hot asset and stuff, but this is where, and I don't want to get too far ahead of ourselves, because I know we got other things to talk about, but people have been looking at this and looking at the charts and being like, okay, well, it makes sense for Bitcoin under a perform.
11:42
[SPEAKER_00]: We're heading the altcoin season, Bitcoin dominance is falling, altcoin dominance is rising, and we're seeing these breakouts and stuff.
11:51
[SPEAKER_00]: The only thing that I think people were
11:54
[SPEAKER_00]: A little bit curious about is like, who is doing this selling?
11:58
[SPEAKER_00]: And that's what, I mean, do we want to talk about it right now, Tvo?
12:03
[SPEAKER_01]: Yeah, I'm talking to that now.
12:04
[SPEAKER_01]: I'm moving it down the sheet.
12:06
[SPEAKER_01]: The Ethereum stuff down the sheet.
12:07
[SPEAKER_01]: Jump into why did crypto pump and then dump?
12:09
[SPEAKER_01]: I'll move the Ethereum stuff to the bottom.
12:11
[SPEAKER_01]: We can close out with that.
12:13
[SPEAKER_00]: yeah so i mean it's it's interesting because people were looking on chain and this is the beauty of crypto is that for most modern block change you can look on chain and be like all right what's happening is doing this where the funds going to and from and
12:29
[SPEAKER_00]: The air really is two possible scenarios, right?
12:32
[SPEAKER_00]: And we know that one of them is correct.
12:34
[SPEAKER_00]: So the first one is that whales have been dumping Bitcoin, right?
12:38
[SPEAKER_00]: That's what we saw over the weekend.
12:40
[SPEAKER_00]: Whales came in and we're dumping like twenty four thousand Bitcoin at a time.
12:45
[SPEAKER_00]: You saw a couple of these different wallets involved and you can see it on the screen here just like very, very clearly.
12:51
[SPEAKER_00]: And people were selling off just like
12:54
[SPEAKER_00]: billions of dollars of Bitcoin through these massive orders onto exchanges.
13:01
[SPEAKER_00]: Now, people started searching because on Bitcoin, it's a little bit harder to track this stuff on Ethereum.
13:07
[SPEAKER_00]: It's really, really easy.
13:08
[SPEAKER_00]: And so people said, OK, well, like, this is happening.
13:10
[SPEAKER_00]: We can see this happening on Bitcoin.
13:13
[SPEAKER_00]: But what about on Ethereum and Solana, which are a little bit more trackable through, like, etherscan and soul scan and some of these other sources?
13:20
[SPEAKER_00]: And so people pulled those up, and they said, well, why is Binance?
13:25
[SPEAKER_00]: Why does it look like Binance is the one doing this?
13:28
[SPEAKER_00]: And we have a tweet of this as well.
13:30
[SPEAKER_00]: and I saw a bunch of different on-chain analysts talking about this over the weekend and they were saying these are Binance's accounts and you had a few of coin bases accounts also sprinkled in here.
13:42
[SPEAKER_00]: But if we go and we look at this one, I mean, you can see it.
13:46
[SPEAKER_00]: You know, Binance is dumping just like a ton of Bitcoin here.
13:54
[SPEAKER_00]: And I had another one that I wanted to show.
13:56
[SPEAKER_00]: In fact, I'm gonna pull this up real fast or a table.
13:58
[SPEAKER_00]: I'll just send this over to you.
14:00
[SPEAKER_00]: Yeah, you can pull it up, you have the link.
14:03
[SPEAKER_00]: Yeah, I'll pull it up on my end here.
14:06
[SPEAKER_00]: But this is another interesting one.
14:11
[SPEAKER_00]: Because what we saw was, to do, to do, to put this on the screen for everyone.
14:20
[SPEAKER_00]: Right here is, this shows it a little bit more clearly.
14:26
[SPEAKER_00]: And Ted was covering this really well over the weekend.
14:29
[SPEAKER_00]: But he said, you know, Binance are flushing lungs.
14:31
[SPEAKER_00]: They're dumping millions of teeth.
14:33
[SPEAKER_00]: And it's all very valuable on chain.
14:35
[SPEAKER_00]: Now, for people who are tuning in,
14:38
[SPEAKER_00]: Binance has kind of been known for this and it's been like a frustrating thing recently and people have been like what like why is this happening?
14:45
[SPEAKER_00]: Why are they doing this?
14:46
[SPEAKER_00]: Like why is this become a normal occurrence?
14:48
[SPEAKER_00]: And here you can see Binance hotwall it Binance hotwall it Binance hotwall it some coin base hotwall is two again they're sprinkled in here, but more Binance Binance Binance Binance Binance and they were like the big contributor here when you were looking at these
15:01
[SPEAKER_00]: not only like quantity, but also just in like the different sizes and the overall amount of wallets that we're selling.
15:09
[SPEAKER_00]: And you look, it's like, you know, Binance was like the main contributor here.
15:13
[SPEAKER_00]: And again, people were saying, like, this has to stop.
15:17
[SPEAKER_00]: And it doesn't make a whole lot of sense as to why.
15:20
[SPEAKER_00]: And so again, no matter how you look at this, I think that there is two different sides that you can take.
15:25
[SPEAKER_00]: And you can say, hey, these were just long-term whales that we're selling off crypto.
15:29
[SPEAKER_00]: And then other on chain analysts are saying, these aren't just any whales that are in profits, which they're probably are some out there doing that.
15:36
[SPEAKER_00]: But it looks as if these are Binance's hot wallets just flushing the markets.
15:42
[SPEAKER_00]: Now, this is where we started getting into like a little bit of conspiracy territory, right?
15:47
[SPEAKER_00]: Because we don't know.
15:52
[SPEAKER_00]: Yeah, we're, I mean, we're going to pull out the tin foil hat here and the idea here is that, hey, they have leverage trading.
15:59
[SPEAKER_00]: They offer this stuff.
16:00
[SPEAKER_00]: What if they come in?
16:01
[SPEAKER_00]: We know that the lungs were stacked up trying to make a break for the highs, especially on Ethan Soul.
16:07
[SPEAKER_00]: What if they just came in here, wiped them out, collected the money, and then, um, problem solved, right?
16:13
[SPEAKER_00]: They come in.
16:14
[SPEAKER_00]: They make a bunch of money off of this stuff.
16:15
[SPEAKER_00]: They wipe everyone out.
16:17
[SPEAKER_00]: And that, again, is getting into some of the more tin foil hat stuff.
16:23
[SPEAKER_00]: But I think people were just frustrated.
16:24
[SPEAKER_00]: The, the large response that I saw online is that people were really frustrated and dare I say like a bit fed up with the frequency or the consistency of this happening.
16:37
[SPEAKER_00]: And it feels like every time that we are pushing towards the highs,
16:42
[SPEAKER_00]: Someone, again historically, has kind of been Binance, comes in here and starts selling off crypto and mass.
16:49
[SPEAKER_00]: Now, the other conspiracy here is we're going to put back on the tin foil hot tea though.
16:53
[SPEAKER_00]: We're going to get back into this.
16:55
[SPEAKER_00]: The other one is that people are saying that they don't want Solana to pass B&B, right?
17:00
[SPEAKER_00]: B&B's been on this like unusual tear.
17:02
[SPEAKER_00]: Also, when you look at the cell off, like, they were like, one of the few cryptos that were not negatively affected.
17:07
[SPEAKER_00]: They were down zero point four percent.
17:09
[SPEAKER_00]: Everything else is down.
17:10
[SPEAKER_00]: That is five percent.
17:11
[SPEAKER_00]: Ten percent.
17:12
[SPEAKER_00]: Also, in their break even on the day, and had that continued Solana was preparing to break out.
17:18
[SPEAKER_00]: It was about the flip.
17:19
[SPEAKER_00]: B and B in terms of market cap.
17:21
[SPEAKER_00]: So people are looking at this and saying, well, that seems a little suspicious, too.
17:25
[SPEAKER_00]: So I don't know.
17:27
[SPEAKER_00]: There's a couple different ideas.
17:28
[SPEAKER_00]: Like, is this the proper B and B?
17:31
[SPEAKER_00]: Is this the keep?
17:33
[SPEAKER_00]: and act as a gatekeeper so that other cryptos like Solana don't pass B and B, which we already have seen that happen in the past, is this to liquidate people in the main money, is this just a normal thing that they were planning to do anyway, because of internal reasons, like we ultimately we don't know, and we can use our minds, and we can use our thoughts to like get an idea as to why this happens.
17:55
[SPEAKER_00]: But the big takeaway is that none of the less
17:58
[SPEAKER_00]: People are just frustrated, right?
17:59
[SPEAKER_00]: And so that's what happened over the weekend.
18:01
[SPEAKER_00]: And I remember looking at this, I saw a tweet, we were talking about it in our group chats, got a message notification, a theory of an all-time highs, breaking through, forty-nine hundred, imminently about the hit five k. It was great.
18:13
[SPEAKER_00]: I went into a store, I grabbed takeout food, I come out of the store, and my buddy texted me and says, why is this happening?
18:21
[SPEAKER_00]: And I was like, what is he talking about?
18:22
[SPEAKER_00]: Why are we breaking out?
18:23
[SPEAKER_00]: No, we just rejected five percent, and like the fifteen minutes I want to get food.
18:28
[SPEAKER_00]: And so anyway, I don't want to rant too much about this, but people are just frustrated.
18:34
[SPEAKER_00]: And yeah, I think we're right, please.
18:35
[SPEAKER_00]: No.
18:36
[SPEAKER_01]: No, I totally agree.
18:38
[SPEAKER_01]: I mean, the great Twitter account unusual whales comes to mind.
18:42
[SPEAKER_01]: It's just, hey, man, there's always unusual whales out there.
18:46
[SPEAKER_01]: You know, if you would compare it to TradFi, it's just the saying that somebody always knows, right?
18:51
[SPEAKER_01]: You know, something happens.
18:53
[SPEAKER_01]: Some news breaks about a company.
18:55
[SPEAKER_01]: The stock shoots up thirty, forty percent.
18:58
[SPEAKER_01]: And then for some reason, you know, five days earlier, somebody took out some, you know, two week short dated options and turned, you know, twenty five thousand dollars into a million, right?
19:09
[SPEAKER_01]: And you're just like, wow, what did that guy know?
19:12
[SPEAKER_01]: What did that person know?
19:13
[SPEAKER_01]: And so, you know, in any markets, it's kind of just the sad reality that there's always gonna be somebody that knows probably more than you.
19:23
[SPEAKER_01]: And you gotta be careful, and you gotta, you know, that's kind of what we teach, right?
19:26
[SPEAKER_01]: We teach the education side of it, you gotta be aware.
19:30
[SPEAKER_01]: You know, there's a lot of people that just kind of, you know, you see the headline from Powell, and you see the price action,
19:37
[SPEAKER_01]: And maybe you're a little under exposed and you're going to like, oh, I'll just ten XE.
19:41
[SPEAKER_01]: It's an easy play.
19:43
[SPEAKER_01]: And that's just not the case.
19:44
[SPEAKER_01]: You're going to get, you're kind of going to get hunted there.
19:46
[SPEAKER_01]: Just like a stop loss hunt.
19:47
[SPEAKER_01]: You know, I know you teach that.
19:48
[SPEAKER_01]: You're trading course.
19:51
[SPEAKER_01]: Yeah, I think it's just kind of the reality of the markets.
19:53
[SPEAKER_01]: It's something that, again, as as longs and just bulls, like you don't like to see and kind of not knowing is the hardest part.
20:03
[SPEAKER_01]: So it's fun to whip out the tin foil for sure.
20:05
[SPEAKER_01]: Yeah, I'm going to go down that rabbit hole.
20:08
[SPEAKER_01]: You know, at the end of the day, it's the markets and this is just how it works, right?
20:12
[SPEAKER_01]: It's not always fair.
20:14
[SPEAKER_00]: No, it's a great point.
20:15
[SPEAKER_00]: I think that's the biggest misconception that people have.
20:18
[SPEAKER_00]: Let me just talk.
20:18
[SPEAKER_00]: Let's just give a lifeless in here to you though.
20:20
[SPEAKER_00]: Life isn't fair, right?
20:22
[SPEAKER_00]: Things happen.
20:22
[SPEAKER_00]: That's not fair.
20:24
[SPEAKER_00]: And you just got to accept that.
20:25
[SPEAKER_00]: So, you know, you're right.
20:26
[SPEAKER_00]: Things like this happen.
20:27
[SPEAKER_00]: Can we be frustrated about them?
20:29
[SPEAKER_00]: Do they always have to make sense?
20:31
[SPEAKER_00]: No, I always have my buddies calling me up and even family.
20:34
[SPEAKER_00]: Every time there's a big dump, why is this happening?
20:37
[SPEAKER_00]: I tried to explain it to them.
20:38
[SPEAKER_00]: They say that doesn't make sense.
20:39
[SPEAKER_00]: And I said, well, it doesn't always have to make sense.
20:41
[SPEAKER_00]: It happens.
20:42
[SPEAKER_00]: And
20:43
[SPEAKER_00]: That's just the way that it goes.
20:45
[SPEAKER_00]: So, you know, we pump, we don't listen.
20:47
[SPEAKER_00]: We zoom out here.
20:48
[SPEAKER_00]: I think we resolve higher to the upside.
20:50
[SPEAKER_01]: Zoom out.
20:51
[SPEAKER_01]: We say it all the time.
20:52
[SPEAKER_01]: And that's part of the fun of the crypto run.
20:53
[SPEAKER_01]: That's what we come here and do these, you know, once twice a week, sometimes three with Brian and Joe, and we just kind of bring you the information.
20:59
[SPEAKER_01]: We have a pretty solid pretty solid number of people in here for a Monday morning.
21:03
[SPEAKER_01]: If you haven't yet, guys, please give the video a like.
21:05
[SPEAKER_01]: It really helps us keep in the momentum to grow the channel and do this stuff for free on the bottom right of the screen.
21:10
[SPEAKER_01]: You'll see our logo.
21:11
[SPEAKER_01]: If you haven't subscribed, please consider it.
21:14
[SPEAKER_01]: And then if you're interested in more, more access to Brendan and the community check out, we got some links below to kind of join us and be a part of the community.
21:22
[SPEAKER_01]: But we got Ryan, Ryan, Ryan's like literally one of our number one people always in the comments, what's up Ryan, one vision transition, what's up guys, welcome to the rundown.
21:32
[SPEAKER_01]: But that's gonna be, I think that's our, you know, we call it like we see it, right?
21:36
[SPEAKER_01]: We bring you the positive news.
21:37
[SPEAKER_01]: We bring you the negative news.
21:39
[SPEAKER_01]: But again, it's a zoom out, it's a bull market.
21:42
[SPEAKER_01]: uh... and it's it's another day and so another day means that michael seller is still buying bitcoin so yet yet another announcement from from strategy over the weekend
21:55
[SPEAKER_00]: Yeah, I mean, they're continuing to accumulate.
21:58
[SPEAKER_00]: And that's the good news here is like, listen, we talked about the negatives.
22:01
[SPEAKER_00]: That's the one negative.
22:02
[SPEAKER_00]: Everything else here is positive.
22:04
[SPEAKER_00]: And the pros certainly outweigh the cons.
22:06
[SPEAKER_00]: And you look at what's happening.
22:08
[SPEAKER_00]: And like, yeah, micro strategy is accumulating just more and more Bitcoin.
22:13
[SPEAKER_00]: And they're not alone.
22:14
[SPEAKER_00]: So here they just added another three thousand eighty one Bitcoin for a total of three hundred and fifty seven million dollars.
22:21
[SPEAKER_00]: bringing their new holdings to six hundred and thirty two thousand four hundred fifty seven Bitcoin which I believe I believe that that pushes them over three percent of the coins total supply
22:37
[SPEAKER_00]: Or is that circulating supply?
22:39
[SPEAKER_00]: Either way, you know, they're approaching the three percent marker and I was reading about that this morning, which is just an astronomical amount of Bitcoin, you know, hundreds of billions of dollars worth of Bitcoin.
22:51
[SPEAKER_00]: And we're seeing other groups contribute to this as well.
22:55
[SPEAKER_00]: Micro strategy just came in with a three hundred fifty seven million dollar buy order for Bitcoin met a planet was right behind them.
23:02
[SPEAKER_00]: They came in picked up another eleven point seven million dollars worth of Bitcoin and you know other groups have come in here as well like bit mine you know Tom Lee and we have these on the screen as you can see it over here.
23:17
[SPEAKER_00]: You know Tom Lee right behind it Ethereum seeing by orders as well and it looks as if in the currency to the market.
23:25
[SPEAKER_00]: that Ethereum is like really starting to outshine Bitcoin, right?
23:30
[SPEAKER_00]: And for years it has been the opposite.
23:33
[SPEAKER_00]: But Ethereum right now is kind of like the leading asset in the market.
23:37
[SPEAKER_00]: And it's pushing towards the new all-time highs.
23:39
[SPEAKER_00]: It's been long anticipated.
23:41
[SPEAKER_00]: But Bitcoin just picked up another four, five million dollars worth of Ethereum, which means they hold seven billion dollars worth of Ethereum at Bitcoin.
23:52
[SPEAKER_00]: It is crazy.
23:54
[SPEAKER_00]: how fast they have scaled, how aggressively they have scaled towards picking up and accumulating more Ethereum and doesn't look like it's stopping anytime soon.
24:04
[SPEAKER_00]: They've said that they want to get, I think, five percent of Ethereum supply.
24:08
[SPEAKER_00]: And if that's the mission, then they have a long way to go, like they have a lot more to accumulate.
24:14
[SPEAKER_01]: And they just hit the one percent mark last week with these new buys.
24:18
[SPEAKER_01]: Yeah, it's pretty wild.
24:20
[SPEAKER_01]: I think this wasn't on the sheet, but I was just going to pull up Bryce's old tweet real quick of uh this was this was his we we've we've had it on the charts we have the Bryce bottom we call it uh my stand by my statement that the Ethereum revenge arc will be glorious end of April you can see there what a call Bryce is uh again never personal financial advice for anybody you got to do your own research and this is just fun and educational but
24:44
[SPEAKER_01]: prices thinking that we're still in the early innings here and I think that's a important part to what you said is like a theory of has all the hype right now and got to go back to when you know this tweet was April twenty seven everybody was thrown in the towel for a theorem you know we've said on the show my famous story of how I had to text all you guys in the group chat below hey are we still
25:01
[SPEAKER_01]: We still ride this thing like I'm getting a little my hands are getting tired I'm getting a little weak here I need my and my family to lean on and support But that's the fun of having the you know the community and all that to be a part of the to help you when you're thinking those thoughts
25:17
[SPEAKER_01]: But again, I think it's always going to be in crypto, you know, tied the good tide lifts all boats.
25:23
[SPEAKER_01]: And so, you know, at the time, it seemed like Bitcoin and Solana, obviously earlier in the year in January, Solana had its moment in the sun, and Ethereum was lagging behind, and now Ethereum's caught up and Solana's lagging behind and Bitcoin dominance is falling off.
25:38
[SPEAKER_01]: It's all, it's all narrowed as I think those narratives will change.
25:41
[SPEAKER_01]: You know, I've said this, I think last couple of weeks is I do love all three.
25:45
[SPEAKER_01]: I love Bitcoin, I love Solana, I love Ethereum, but I think at some point maybe the end of this year or the beginning of next slide, I think at some point like maybe Ethereum will slow down and Solana will pick up, right?
25:57
[SPEAKER_01]: And like we're going to have those conversations
25:59
[SPEAKER_01]: of who's who's the bell of a ball, right?
26:02
[SPEAKER_01]: But at the end of the day, it's kind of all the tide will lift all boats.
26:07
[SPEAKER_01]: But Ethereum is definitely shining the most, and Tom Lee's a huge part of that, which again, we've joked about it on the show.
26:14
[SPEAKER_01]: We talk about him every episode, but you kind of have to, because again, it's a huge narrative, especially bringing, you know, trad-fi and how he says, you kind of explains everything so well.
26:25
[SPEAKER_01]: in those short snippets on his podcast appearances or media hates or just even his tweets.
26:30
[SPEAKER_01]: But this is a fun Ethereum stat here, Brendan.
26:33
[SPEAKER_01]: I saw this.
26:35
[SPEAKER_01]: The source is from Milk Road.
26:36
[SPEAKER_01]: We've had those guys on the podcast before.
26:39
[SPEAKER_01]: But Ethereum has become the fastest major asset in history to reach a five hundred billion dollar market cap.
26:47
[SPEAKER_01]: So Ethereum took five point eight years, Bitcoin took twelve years and Apple took thirty five years.
26:54
[SPEAKER_01]: You can see there the top two, let's go one, two, three, four.
26:58
[SPEAKER_01]: So top four, Ethereum one, Bitcoin four and the two others were oil companies, which again, you know, you go back in the day when the big, you know,
27:07
[SPEAKER_01]: The seventies eighties nineties that will the oil I don't even know what they used to call the gold rush.
27:13
[SPEAKER_01]: I was like the new gold rush right it was you know going to Texas and I don't know if anybody's football fan I watched the
27:19
[SPEAKER_01]: The Cowboys is like a Cowboys documentary on Netflix.
27:22
[SPEAKER_01]: I was just tuning in to get geared up for football season and it kind of gave a backstory about Jerry Jones made all his money just like put his whole family's fortune to buy like one oil field not like a small piece of land that could he could online like one oil thing and it changed his life.
27:37
[SPEAKER_01]: So
27:38
[SPEAKER_01]: I think that's interesting that you see the two oil companies up there with the crypto is like, you know, first it was the gold rush.
27:45
[SPEAKER_01]: Then it was the oil rush.
27:46
[SPEAKER_01]: Then it was, you know, obviously the tech rush.
27:48
[SPEAKER_01]: You see all the tech ones up there.
27:49
[SPEAKER_01]: And now we're kind of into that next phase and, you know, crypto's up there.
27:53
[SPEAKER_01]: Sorry, that was a long ramp, but I, this is where I was going was like, you see everything there.
27:57
[SPEAKER_01]: And it's kind of just the segments of history of of these wealth creation events that have happened over time.
28:03
[SPEAKER_01]: uh... and obviously being crypto one-on-one we believe that you know crypto is is that next thing and then this type of stat shows that so i didn't know if you had any thoughts on it yeah no i'm i would be also kind of curious to see what the chart would look like if it accounted for inflation or maybe it does
28:22
[SPEAKER_00]: thought that I had, and it would still probably, I mean, Ethereum still probably wins.
28:27
[SPEAKER_00]: But yeah, you have a crypto at the top of it, right?
28:30
[SPEAKER_00]: And it just goes to show, like we've had the internet boom, we've had the tech boom, we've had, you know,
28:36
[SPEAKER_00]: oils and commodities and like cryptos at the top of this list.
28:40
[SPEAKER_00]: And it is like what this shows is how valuable people perceive these assets, right?
28:45
[SPEAKER_00]: And I think that's the big takeaway for me is that people are perceiving the value to be of equal to or greater than value of like all these major companies.
28:55
[SPEAKER_00]: And we look back and I think if you would have looked at them in the first five years of Google in the first five years of Tesla in the first five years of Amazon, you probably would have been like, I don't know about that, you know, maybe even in the first ten years of a lot of these.
29:08
[SPEAKER_00]: But now you look back at it, you know, decades later and you're like, oh, okay, you know, it makes sense.
29:13
[SPEAKER_00]: And I think that's the way that people are going to look back on crypto a decade from now and they probably would have been like, oh, it's so obvious.
29:19
[SPEAKER_00]: It was so easy at the time.
29:21
[SPEAKER_00]: And we're going to look back at it and probably see or say the same thing.
29:26
[SPEAKER_01]: We've got, uh, just got to take a diver to the comments section.
29:29
[SPEAKER_01]: We got Brian Macnaut in the comments and, uh, he's saying, Tom Lee and I actually, I was in Denver, yesterday.
29:35
[SPEAKER_01]: I got to have lunch with our friend Brian Macnaut from the, uh, momentum money makers.
29:39
[SPEAKER_01]: So shout out Brian and we were talking, uh, during lunch yesterday in person, which is super, uh, rare and fun for our team, uh, that we'll, we'll be getting Brian and Joe back on this week.
29:49
[SPEAKER_01]: So,
29:50
[SPEAKER_01]: exciting week for content.
29:52
[SPEAKER_01]: But Brendan, we got a, I put this out yesterday.
29:55
[SPEAKER_01]: I was like, dude, just, it's Sunday for those that want to practice and pray or any religious, please pray for the shorts, specifically the Ethereum shorts because they're on deck.
30:06
[SPEAKER_01]: We covered it last week.
30:08
[SPEAKER_01]: Right.
30:08
[SPEAKER_01]: We covered it last week.
30:09
[SPEAKER_01]: We showed you the charts and it was just like, hey, this is the last two weeks, really, because everybody was wondering, you know, Ethereum went down to what forty one hundred, just below forty one hundred.
30:18
[SPEAKER_01]: And we're kind of saying, hey, like this is a historic amount of shorts for Ethereum.
30:22
[SPEAKER_01]: It's dumping, but we believe in the long term vision of this and
30:25
[SPEAKER_01]: The momentum's here right now.
30:26
[SPEAKER_01]: I mean, you both.
30:27
[SPEAKER_01]: We were just like, I don't know who's scoring Ethereum right now, but a good good luck, I guess.
30:33
[SPEAKER_01]: And we got some comments.
30:34
[SPEAKER_01]: I remember on on the shorts.
30:35
[SPEAKER_01]: I was posting the shorts and people were like, well, the shorts are winning.
30:38
[SPEAKER_01]: Aren't they as it was dipping down in the, you know, four to one hundred.
30:41
[SPEAKER_01]: And I was just like, I don't know.
30:42
[SPEAKER_01]: We'll see.
30:43
[SPEAKER_01]: And then sure enough, Jerome Powell, the dove.
30:46
[SPEAKER_01]: flew overhead of the United States last week, and I would guess some shorts got liquidated.
30:51
[SPEAKER_01]: I'm sure maybe some people are doubling down at the five thousand mark here, but the thoughts on the shorts, Brent, and kind of recapping, we teed it up, and now that prices come back kind of pressure to the upside, what do you feel in for these e-th shorts?
31:07
[SPEAKER_00]: Here's the thing.
31:08
[SPEAKER_00]: The shorts will have their day in the sun, but it's just that it's a day.
31:12
[SPEAKER_00]: The shorts will have these short little periods where they win, but I think people need to take their wins and run because I'm telling you these shorts are going
31:23
[SPEAKER_00]: to get liquidated.
31:24
[SPEAKER_00]: And we've seen it before.
31:26
[SPEAKER_00]: We saw it over the weekend.
31:27
[SPEAKER_00]: When Ethereum pushed up the five K, shorts were getting liquidated.
31:31
[SPEAKER_00]: In mass and everyone was saying, you know, just prior to that, oh, the shorts are winning.
31:35
[SPEAKER_00]: They're winning so far, blah, blah, blah.
31:37
[SPEAKER_00]: Guess what?
31:38
[SPEAKER_00]: It took one day to just wipe these things out.
31:42
[SPEAKER_00]: And I think all these people who are trying to get short and they're trying to, I sent out a tweet over the weekend.
31:47
[SPEAKER_00]: I said, imagine being bearish.
31:49
[SPEAKER_00]: And then the shorts just got liquidated and wiped out.
31:52
[SPEAKER_00]: And when I look at shorts, you know, we have a saying over here is that shorts were meant for a short amount of time, longs were meant for a long amount of time, right?
32:01
[SPEAKER_00]: You can short these things, but you get in, you get your profit, you get out, congrats, you had your move.
32:07
[SPEAKER_00]: And there you go.
32:08
[SPEAKER_00]: But shorts are not meant to be in, or shorts are not meant to be held for long periods of time.
32:13
[SPEAKER_00]: And I think a lot of times people try to time the top and they try to hold them for too long and they get wrecked.
32:19
[SPEAKER_00]: And it's going to be one of these days.
32:21
[SPEAKER_00]: We're going to get a short notification or a liquidation notification and it's going to be like,
32:25
[SPEAKER_00]: billions of dollars were just liquidated in shorts today and I think it's just a matter of time until we see that and I'm still it still amazes me to you though that after all the things that we talk about about all the people buying all the news and all these everything people still go
32:41
[SPEAKER_00]: people in I can't fathom it people in I'm a trader people will go over look at the market and say you know what I think's the right decision I'm going to start shorting the market it's in an uptrend has government adoption for the mental adoption track by retail like everyone wants to buy it and then people are making these crazy
33:03
[SPEAKER_00]: There I say degenerate decisions to say, I'm going to go short this thing on leverage.
33:08
[SPEAKER_00]: And again, they just have continued to get wrecked now for the entirety of the year so far, for the most part, at least for the past like several months.
33:19
[SPEAKER_00]: I don't know at a certain point you have to think that you're going to learn.
33:21
[SPEAKER_01]: It goes both ways.
33:22
[SPEAKER_01]: It goes both ways because we talked about it at the beginning of the show was, you know, drone power comes out.
33:27
[SPEAKER_01]: The green candle just absolutely skyrockets to the upside.
33:31
[SPEAKER_01]: Then people feel like they're under exposed or it's just a pure layup for the next, you know, tens, twenty percent.
33:37
[SPEAKER_01]: Then they go ten, twenty-x long.
33:40
[SPEAKER_01]: And then they get liquidated because they didn't you know plan their trades and trade their plan.
33:44
[SPEAKER_01]: They're just like, oh, this is this is the clear narrative that's going to happen.
33:47
[SPEAKER_01]: So I think there's there's a saying it's what bulls make money bears make money pigs get slaughtered.
33:55
[SPEAKER_01]: So if you're if you're trying to be a greedy pig out there eventually you're going to you're going to catch an L because you're just being a greedy pig.
34:01
[SPEAKER_01]: and you're not, you know, you don't have a strategy.
34:03
[SPEAKER_01]: So yeah, longs can make money, shorts can make money, but if you're just out there trying to be greedy and specifically, if you're not getting educated and kind of planning your trades and figuring out, you know, why and your thesis behind what you're doing and have an actionable plan, which is what we try to help you here.
34:20
[SPEAKER_01]: We try to educate you, obviously, the community, you know, is a place where we really give you the tools every single day to get that education and plan your trades, but the,
34:30
[SPEAKER_01]: Yeah, just the greedy pigs man, greedy pigs will always get slaughtered, I feel like.
34:35
[SPEAKER_00]: Yeah, and I can listen, like I'm a trader.
34:37
[SPEAKER_00]: That's where my background is.
34:39
[SPEAKER_00]: And even I, like at this stage of the market, even on the cryptos, I don't like even on the cryptos that I think are bad.
34:45
[SPEAKER_00]: I'm not shorting them.
34:47
[SPEAKER_00]: I'm just not at this stage of the market.
34:49
[SPEAKER_00]: I just think that
34:51
[SPEAKER_00]: I don't know.
34:52
[SPEAKER_00]: It does a time in a place, but yeah, pray for the people that are here because these people who are hoping to hold shorts on the top and see Ethereum just get wiped off the face of the map.
35:03
[SPEAKER_00]: Again, there's going to be these short periods of time where that does happen.
35:05
[SPEAKER_00]: I'm not saying it can't.
35:06
[SPEAKER_00]: I'm not saying it can't make money.
35:08
[SPEAKER_00]: But there seems to be this idea of like the permabers are out there.
35:11
[SPEAKER_00]: And I think those are the people who miss the boat or they've gotten wrecked and now they're just rage trading.
35:17
[SPEAKER_01]: Well, it's it's one of I think stock market and crypto market specifically since the April lows has been like the there's a term going out there you know the most hated rally right it's most hated rally because you're not involved like oh you thought the you thought the world was ending
35:33
[SPEAKER_01]: April and the financial markets were going to collapse, so you sold went to cash, went to T-Bills, and then it's been an absolute V-shaped recovery since then, and so whether you missed out on the S&P, or I know me and you were kind of talking off air on some TQQ calls of, you know, triple leverage on the NASDAQ, or whether you bought Bitcoin or whether you bought the altcoins, like,
35:55
[SPEAKER_01]: If you missed out on that rally, if you're not kind of reeducating yourself and changing your opinion, and that's why we do this show twice a week every week, because this stuff is happening so fast that you have to digest the new information, you have to think about your long-term thesis or term in midterm thesis, and then you can change.
36:13
[SPEAKER_01]: It's okay to pivot.
36:14
[SPEAKER_01]: As long as you're being honest with yourself and explaining why you're doing it, it's okay to pivot.
36:19
[SPEAKER_01]: But I feel like a lot of people, especially in the last probably year to, with all the news and all the, I mean, again, we said it, like sometimes it's political bias, you know, your, your judgment's been clouded and maybe you've made the wrong decision or the wrong trade and that's okay.
36:36
[SPEAKER_01]: That happens all the time, but you've got to, you got to educate and we've got to reevaluate.
36:40
[SPEAKER_01]: and figure out which way you want to go and I feel like this rally has been so hated because a lot of people aren't doing that reevaluation of their thoughts and they're getting left behind and thus creating this perma bear attitude.
36:52
[SPEAKER_01]: But again, we're bulls.
36:54
[SPEAKER_01]: We're bulls.
36:55
[SPEAKER_01]: The bulls have been on parade.
36:56
[SPEAKER_01]: I mean, call it what it is.
36:58
[SPEAKER_01]: And we're bullish because if you zoom out right, right, and there's all this news every single week that we bring to you guys that that
37:04
[SPEAKER_01]: Kind of makes this bullish in our education process and all these treasury companies are coming.
37:09
[SPEAKER_01]: Obviously Bitcoin was the first and then everybody wanted to be that we've kind of already went through the support of the cycle where everybody wanted to be a Bitcoin treasury company and you know all these all these different companies announced it and started putting on their balance sheet which is awesome and then obviously Ethereum now is taking that narrative and you're starting to see
37:24
[SPEAKER_01]: The old coins kind of pop up here or there.
37:27
[SPEAKER_01]: And I know this B and B. I mean, maybe that maybe bit main exec here, the former bit main exec to launch a B and B treasury form with the YZI labs.
37:37
[SPEAKER_01]: This is looking to raise one billion to go by B and B. Maybe he's the smartest guy in the room since B and B is not trading down.
37:43
[SPEAKER_01]: Like we talked about earlier, who knows?
37:46
[SPEAKER_01]: But I think this is an interesting, it's something that we're going to cover.
37:51
[SPEAKER_01]: Again, you can't
37:52
[SPEAKER_01]: go out and buy exposure to every single treasury company, but it's something to consider because again, it's just liquidity, right?
37:59
[SPEAKER_01]: It's taking this money and it's bringing on chain.
38:02
[SPEAKER_01]: All these treasury companies are bringing more and more money on chain, which is just again, overall, exciting for the bullish thesis of everything.
38:10
[SPEAKER_00]: Yeah, I mean, and these things are popping up.
38:12
[SPEAKER_00]: We're seeing more and more of them.
38:14
[SPEAKER_00]: Not only, and I guess this will be our next segment here, but we're seeing more treasury companies come up and more ETF applications also coming out.
38:23
[SPEAKER_00]: So we have the B and B treasury popping up.
38:26
[SPEAKER_00]: I think we've already seen one of these, I believe.
38:28
[SPEAKER_00]: So from my understanding, this is the second major one.
38:32
[SPEAKER_00]: But then we have galaxy, jump, and multi-coin seeking a billion dollars to create another Solana treasury.
38:40
[SPEAKER_00]: And we started seeing more and more of these pop-up.
38:44
[SPEAKER_00]: I know Salana strategy is a group that we've talked to over here.
38:47
[SPEAKER_00]: She definitely checked them out.
38:49
[SPEAKER_00]: But now there's also Galaxy Jump and Multicoin seeking to create a billion-dollar Salana Treasury firm.
38:55
[SPEAKER_00]: So that's another interesting one.
38:57
[SPEAKER_00]: And so again, people are wanting to accumulate these for the long term.
39:01
[SPEAKER_00]: You don't see these groups going out there and shorting the masses now.
39:04
[SPEAKER_00]: They're saying we're gonna accumulate for the long term.
39:06
[SPEAKER_00]: We're gonna buy these things up.
39:08
[SPEAKER_00]: We're gonna hold them and we're the goals to just get more and more and more because they know that with crypto, you know a lot of these assets are scarce and they're limited.
39:16
[SPEAKER_00]: You're not gonna have someone come out and print and increase the supply of like Bitcoin by ten percent.
39:23
[SPEAKER_00]: You're not gonna have someone come out
39:25
[SPEAKER_00]: and just all of this had just print, you know, and hike Ethereum's inflation by fifty percent.
39:30
[SPEAKER_00]: That's not something that you're going to happen over a couple of, a couple of year period and a lot of these cryptos, right?
39:36
[SPEAKER_00]: Now, these newer projects, they have pretty high inflation rates.
39:39
[SPEAKER_00]: That can happen certainly worth looking into.
39:43
[SPEAKER_00]: If we move on to these ETF applications, two big ones came in that stood out to me.
39:49
[SPEAKER_00]: I wanted to make sure that all of you were aware of this as well.
39:53
[SPEAKER_00]: Because Grayscale just filed their S-One to convert their avalanche trust into a spot ETF.
40:02
[SPEAKER_00]: So we now have an AVACs spot ETF application out there.
40:07
[SPEAKER_00]: The S-One has been filed.
40:09
[SPEAKER_00]: And, you know, we'll see what happens with it.
40:12
[SPEAKER_00]: I think there's certainly a couple of cryptos that are at the front of the line, probably XRP and Solana are probably at the front of the line for all Queen ETFs.
40:22
[SPEAKER_00]: After those two happen, I think we could see others.
40:25
[SPEAKER_00]: But the second one here was pretty interesting.
40:27
[SPEAKER_00]: And we've talked about this.
40:28
[SPEAKER_00]: We've floated this idea around of a made in America
40:34
[SPEAKER_00]: crypto promotion of some kind and canary capital who we literally just had on the podcast came out and they filed for a quote unquote america made crypto ETF and so i was searching around is like what
40:50
[SPEAKER_00]: Projects could be put inside of this and it's hard because I haven't a ton of time to like deep dive into this because it came out like seriously right before we were set to record here but
41:06
[SPEAKER_00]: What I did see is that a couple of different cryptos were mentioned.
41:11
[SPEAKER_00]: And I believe the three that were, and I'm trying to pull it up on my end, but I believe it was uni swap, chain link, and salana were three of the ones that were mentioned in this thing.
41:23
[SPEAKER_00]: And so we're going to have to dive a little bit deeper.
41:26
[SPEAKER_00]: And fact check this, but this whole idea of a made in America, crypto ETF, is something that has kind of floated around ever since the early stages of the Trump presidency at the beginning of the year when there was this whole made in America focus.
41:40
[SPEAKER_00]: There is just this idea that like, hey, if there is this whole America first made in America focus, one of it makes sense to have
41:49
[SPEAKER_00]: Cryptos kind of be looped into that same thing, where maybe they get special treatment, maybe there's an ETF, maybe there is, you know, something positive that happens for those specific cryptos.
42:01
[SPEAKER_00]: And it looks like this is kind of one of the science pointing towards that.
42:05
[SPEAKER_01]: Yeah, actually, I was DMing with, we've mentioned them on the program a lot.
42:10
[SPEAKER_01]: Friend of the program, James Safe, I was DMing with them.
42:12
[SPEAKER_01]: We're gonna work on, he's on a little summer vacation, but we're gonna work on getting him back on the program this fall.
42:17
[SPEAKER_01]: which is super exciting, but again, just to kind of, you know, one of those American cryptoses XRP.
42:24
[SPEAKER_01]: So they had a good sign from the SEC.
42:27
[SPEAKER_01]: They got some feedback, but it went to everybody at the same time, which kind of means they're starting to group everybody together and move them forward through the pipeline.
42:35
[SPEAKER_01]: So that's super exciting.
42:36
[SPEAKER_01]: And then, I guess, you know, sometimes you just gotta give a shout-out to the XRP army.
42:41
[SPEAKER_01]: You gotta give a shout-out to the XRP's climb and the rankings here.
42:44
[SPEAKER_01]: with that market cap, which we always like to kind of bring up for different companies and cryptos, just kind of compare it to everything else.
42:52
[SPEAKER_01]: So shout out to XRP for climbing the rankings there and getting into the top hundred celebration for all XRP ETF coming.
43:01
[SPEAKER_01]: You know, hey, what are the bears going to say, Brad?
43:03
[SPEAKER_01]: Sometimes she's got to give it up to the XRP Army as there's a lot of bullish stuff going around it.
43:09
[SPEAKER_01]: And to your point, we had Canary Capital on that.
43:11
[SPEAKER_01]: It was Steven McClurg, the CEO.
43:13
[SPEAKER_01]: of canary capital.
43:14
[SPEAKER_01]: So if you're interested in that, make sure you go back and listen that up.
43:17
[SPEAKER_01]: So if you haven't, I know we mentioned galaxy in the last segment, that interview is coming out this week.
43:24
[SPEAKER_01]: So that's exciting with their head of trading.
43:27
[SPEAKER_01]: And yeah, just again, this is what we do.
43:30
[SPEAKER_01]: We bring you the news.
43:31
[SPEAKER_01]: We bring you the stats.
43:32
[SPEAKER_01]: And we bring you literally the top people in the industry.
43:35
[SPEAKER_01]: So guys, if you haven't yet, if you're still on YouTube with us, we got a ton of people watching in the chat.
43:41
[SPEAKER_01]: If you haven't yet, please just give it a like.
43:43
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43:44
[SPEAKER_01]: Give it a like, subscribe.
43:46
[SPEAKER_01]: Our logo is on the bottom right of the screen.
43:48
[SPEAKER_01]: We do this multiple times a week here if you're new.
43:50
[SPEAKER_01]: And we appreciate everybody being here.
43:54
[SPEAKER_01]: We got a couple more topics and then if there's any questions, we could do some questions at the end.
43:58
[SPEAKER_01]: So jump on the chat box, put a question.
44:01
[SPEAKER_01]: But let's see where we go in here, Brendan.
44:03
[SPEAKER_01]: We got the bull market does not end here.
44:06
[SPEAKER_01]: So this was my last thing that I put.
44:08
[SPEAKER_01]: I don't think you saw this.
44:09
[SPEAKER_01]: So I'm going to bring this up.
44:12
[SPEAKER_01]: I thought this was, was a really cool stat.
44:14
[SPEAKER_01]: So Morgan Stanley, let me pull it up and brace debate here, guys.
44:19
[SPEAKER_01]: Let's go.
44:20
[SPEAKER_01]: Let's pull it up.
44:21
[SPEAKER_01]: ADP percent of those surveyed by Morgan Stanley saying they do not own cryptocurrency, which I think is, is interesting because, ADP percent don't own cryptocurrency, but yeah, we've seen this volatile swing with all this kind of regulation and positive momentum.
44:40
[SPEAKER_01]: behind the space and I feel like if anything twenty twenty five would be the year where not only is the regulation going so again we've talked about this before how these hedge funds and these huge money managers a lot of them have have a lot of rules they've rules based systems on what they can invest in and so the regulation is now going to clear the runway
45:02
[SPEAKER_01]: For a lot of these, um, these people to be able to buy and hold crypto.
45:06
[SPEAKER_01]: So I think that's going to add to that number.
45:08
[SPEAKER_01]: But then again, I think there's, there's just, again, this Morgan Stanley, they could be, you know, interviewing some mom and pops who just have big accounts or trusts and they decide what to do with their money.
45:18
[SPEAKER_01]: And I feel like this was the year where crypto took the main stage in a different way, as I guess what I'm trying to say.
45:24
[SPEAKER_01]: We've always been in the news with the volatility and the price action.
45:27
[SPEAKER_01]: And oh, is it a scam or are we getting rich?
45:30
[SPEAKER_01]: It's getting crazy.
45:31
[SPEAKER_01]: And it's kind of been the news in that weird way.
45:34
[SPEAKER_01]: And now that I feel like this is the first year where, you know, again, I don't, I think you got to be honest.
45:38
[SPEAKER_01]: I don't think it's all positive by any means.
45:39
[SPEAKER_01]: But I think this was the first year where at least regulation wise, if you can take off those political framed glasses,
45:47
[SPEAKER_01]: that some people wear and just looking at man.
45:48
[SPEAKER_01]: This is a wild year for crypto regulation.
45:51
[SPEAKER_01]: And so I think I agree kind of with this is that twenty twenty six will be a boom year for adoption.
46:01
[SPEAKER_00]: And that's the way that it looks, right?
46:04
[SPEAKER_00]: All cylinders are, we're firing on all cylinders.
46:08
[SPEAKER_00]: Everything's pointing in the right direction.
46:10
[SPEAKER_00]: And again, the vast majority of people still aren't invested.
46:14
[SPEAKER_00]: They're not exposed to this.
46:16
[SPEAKER_00]: And there is still a lot of room to grow.
46:21
[SPEAKER_00]: Yeah, I don't know.
46:21
[SPEAKER_00]: I don't have too much else to say here to you, but I think we covered the bulk of it, but I think it's just hard to be bearish still.
46:27
[SPEAKER_00]: And that's my big takeaway is that I think it's hard to be bearish.
46:30
[SPEAKER_00]: I think that the big picture is still bullish.
46:32
[SPEAKER_00]: There's a lot of great things that are still to come.
46:34
[SPEAKER_00]: And we're going to have ups and downs, right?
46:36
[SPEAKER_00]: And so we say this multiple times every single episode.
46:39
[SPEAKER_00]: I'm going to say it again.
46:40
[SPEAKER_00]: I'm going to say it until it's ingrained at everyone's mind, but went and doubt zoom out.
46:45
[SPEAKER_00]: And I think the big picture still looks clear on the fundamental side, on the technical side.
46:50
[SPEAKER_00]: matter how you look at and approach it.
46:53
[SPEAKER_00]: I'm really not too nervous about it.
46:55
[SPEAKER_00]: So we do appreciate everyone coming on here in watching and taking part in these.
47:01
[SPEAKER_00]: We love making these episodes.
47:02
[SPEAKER_00]: We like to do them every single week, multiple times a week.
47:07
[SPEAKER_00]: So if you enjoyed watching, hit the like button, hit the subscribe button, turn on those notifications, and come take part in them.
47:14
[SPEAKER_00]: Leave us a comment, come to the live chat box, because there's a lot of stuff that's going on here.
47:18
[SPEAKER_00]: So if there's not any,
47:20
[SPEAKER_00]: Question.
47:21
[SPEAKER_01]: We got a couple.
47:22
[SPEAKER_01]: We can focus.
47:23
[SPEAKER_01]: We got chicken ball, chicken ball, a teen said leverage got wife chicken ball thanks for joining us.
47:27
[SPEAKER_01]: I love that name.
47:29
[SPEAKER_01]: Let's see Fred Freck dots.
47:33
[SPEAKER_01]: Freck dots interesting name.
47:35
[SPEAKER_01]: I'm looking asking us to look at the meme queen Zora.
47:38
[SPEAKER_01]: So I know that's not something that we've been trading Brendan.
47:41
[SPEAKER_01]: I don't know if you can pull up the chart of it real quick for him just to show him.
47:45
[SPEAKER_01]: I don't think we really have any opinions on that one.
47:47
[SPEAKER_01]: I do know about it interesting enough, Brendan, because it's a social networking, one of the social networking coins.
47:52
[SPEAKER_01]: We're just kind of anybody can create a coin.
47:55
[SPEAKER_01]: It was actually something that I talked to with Dan from tasty trade when he came on.
48:00
[SPEAKER_01]: That was actually his pick.
48:02
[SPEAKER_01]: So shout out to Dan for health pick.
48:05
[SPEAKER_01]: Not something that I know we're kind of looking at right, Brendan, but specifically
48:11
[SPEAKER_01]: It's an interesting project.
48:12
[SPEAKER_01]: I don't know about the coin.
48:13
[SPEAKER_01]: Again, the coin takes off all these coins.
48:15
[SPEAKER_01]: Lower market caps can fly for sure, as you can see.
48:18
[SPEAKER_01]: But the project is really fun and interesting.
48:20
[SPEAKER_01]: And something that I was maybe looking into maybe getting crypto one-on-one an account, because it's just kind of like a, I don't want to compare it to pumped off fun.
48:29
[SPEAKER_01]: I think it has kind of a little bit more vision around social media and your type of content.
48:34
[SPEAKER_01]: But interesting enough, so look at that explosion.
48:37
[SPEAKER_01]: What do you see in there percentage wise?
48:40
[SPEAKER_00]: It's over a thousand two hundred percent in the last month month and a half.
48:45
[SPEAKER_00]: Just exploded to the upside.
48:47
[SPEAKER_00]: It is a coin-based listing.
48:49
[SPEAKER_00]: It does a crack and listing, so it's pretty easily accessible.
48:53
[SPEAKER_00]: Pretty easily at your hands on.
48:55
[SPEAKER_00]: And what we've seen here is just again explosive growth over the weekend.
49:00
[SPEAKER_00]: It's been rallying.
49:01
[SPEAKER_00]: And I like to see things that are strong relative to the rest of the market.
49:05
[SPEAKER_00]: So we saw Bitcoin, Ethereum, Solana, XRP, like a lot of those sell off.
49:10
[SPEAKER_00]: minimal sell-off happening here and it's already recovering it's green two percent on the day which is better than XRP Solana Bitcoin and Ethereum and again it's just seeing some relative strength so when things like this run it's certainly something to keep an eye out on it's pushing towards a four hundred million dollar market cap here so it's starting to get into that mid-cap territory you know it's not in a small micro cap anymore
49:36
[SPEAKER_00]: and for a pick like this I get I don't like to particularly get two greedy on these for anything that's run I mean what was this almost fourteen hundred percent in the last forty days it's averaging just a ridiculous return I don't know again I'd like I it looks good right this relative strength but
50:00
[SPEAKER_01]: I think the only thing we could say is, you know, Bulls make money bears make money and pigs get slaughtered.
50:09
[SPEAKER_01]: I think that's a good one to end on this one.
50:12
[SPEAKER_01]: Yeah, so thanks for for coming, Frank dots.
50:14
[SPEAKER_01]: I haven't seen you in the comments before.
50:16
[SPEAKER_01]: Hope you'll subscribe and come back soon.
50:18
[SPEAKER_01]: Brian McNuts says great show boys.
50:20
[SPEAKER_01]: Ryan Boylan's been so active in the chat.
50:23
[SPEAKER_01]: Just an epic episode.
50:24
[SPEAKER_01]: Guys, we got a regular podcast coming out with Galaxy.
50:28
[SPEAKER_01]: We're going to get Brian and Joe on.
50:30
[SPEAKER_01]: Again, and then Brendan and I will be back later in the week, so it's a full week here.
50:36
[SPEAKER_01]: Labor Day weekends coming up, obviously we'll be celebrating that and taking some time off to say goodbye to Summer, but the falls here and uptober is coming.
50:44
[SPEAKER_01]: Always a favorite.
50:45
[SPEAKER_01]: Always a favorite at the crypto one-on-one podcast, and we're gonna make a big push to the end of the year.
50:49
[SPEAKER_01]: So super excited.
50:51
[SPEAKER_01]: Thanks for every, oh, Fracto, it's us.
50:52
[SPEAKER_01]: Thank you.
50:53
[SPEAKER_01]: You're welcome, man.
50:54
[SPEAKER_01]: Hope to see you soon.
50:55
[SPEAKER_01]: Back in the back in the live.
50:56
[SPEAKER_01]: But Brendan, take us home.
50:58
[SPEAKER_00]: Yeah, no, that's good.
50:59
[SPEAKER_00]: Bring us to a close everyone.
51:01
[SPEAKER_00]: We appreciate you coming in here.
51:02
[SPEAKER_00]: Again, we do these crypto run-downs every single week, multiple times a week, typically on Mondays and Thursdays, barring holidays, or some sort of conflicting event.
51:12
[SPEAKER_00]: But we have all sorts of content.
51:14
[SPEAKER_00]: So check out our YouTube tutorials, check out our part podcast, check out the different market updates.
51:19
[SPEAKER_00]: We got Brian McNatt, who's in the chat.
51:20
[SPEAKER_00]: He's another analyst on the team here.
51:22
[SPEAKER_00]: He does another show with T-Vo towards the back half the week.
51:26
[SPEAKER_00]: So check out theirs and yeah, we hope to see everyone back.
51:29
[SPEAKER_00]: So hit the like and subscribe button and we'll see all of you at the same time, same place on Thursday.