[Music] [Music] turning green Bitcoin sees a week of gains helped by a number of positive external catalysts could 90 K be in sight bull market over despite a good week for prices many now believe that a new crypto be Market is beginning are they correct or is the next leg higher just a matter of time all change in DC crypto’s regulatory landscape in the US is Shifting at PACE and could help usher in Trump’s promised Golden Age here’s what you need to know about and a look at the top performing cryptos from last week dates for your diary coins to watch tweets of the week and much more besides this is the coin Bureau News live gm1 and all and welcome back it’s that time of the week again of course the coin Bureau Weekly News live stream my name of course is Nick guy how you doing I’m well man I’m well how are you I’m good man you’re look a bit different today there’s something different about guy guys is there yeah there is H I wonder what it could be yeah maybe there should guess in the comments something that’s different about guy today something shocking that you would never you have not seen at all ever before I don’t think ever on camera yeah yeah it’s a first it’s a first today so guess what it might be no I haven’t put on more weight okay so just just just strike that from your minds we don’t need we don’t need comments about that he already anticipating the comments it’s like I need to preface immediately that there’s nothing to do with weight absolutely absolutely it’s not a weight based thing anyway uh good to see you all thank you for joining us on uh this well at the moment it’s a green Monday it’s green Monday of course and no Shockers over the weekend you know just above 87 87367 so yeah things are things are looking up things are looking up um so let’s of course start off the analysis with what’s looking up of course bitcoin’s price and what happened to bitcoin over the week firstly just on the top of the stream Michael sailor indeed did come out and he has announced another B Bitcoin purchase 584 million uh so he’s now got over a billion over 500,000 Bitcoin has been acquired by Michael by Michael sailor over it strategy absolutely insane passing that 500k BTC Mark congratulations sailor and co uh well done sir well done well done that is a huge purchase that is a huge one um and it’s all the more extraordinary when you roll back to last week um and I mean this was this was a bad sign ever I saw I I almost think that this was actually worse than sailor not exactly it’s kind of like so basically let’s roll back to last week Monday sailor announced um he purchased $10 million worth of bitcoin or just a mere what uh3 130 BTC you know I you crunch the numbers here that’s equivalent to someone who’s got $10k in BTC so $10,000 in BTC to go out and announce on Twitter guys I just bought $2.6 BTC which is exactly what a Bitcoin Maxi who has $10,000 in Bitcoin would do wow just stacking STS guys $2.6 added to my stack yeah so he just he he found what whatever change was down the back of the sofa and just G and just uh pump that into BTC but yeah that was yeah that kind of a bit worrying to see that last week you know a mere 130 130 BTC but he’s back and he’s stacking large so so anyway speaking of stacking sets last week Tuesday meta Planet the so-called Japanese strategy had also acquired some Bitcoin and speaking of which they had an interesting advisor announcement last week right ah yes yeah now this guy um a guy called Eric Trump oh he’s a Bitcoin OG right he been around for a long time I think he’s like one of the original Cipher punks yeah he was already in the forums with satosi he was exchanging emails with him I believe so I believe so yeah new heal in World etc etc um yeah so he’s now an adviser to meta Planet yeah I’m I’m sure it’s just because of his bit Bitcoin credentials nothing to do with the fact that he’s related he’s the son of Donald Trump right he’s Donald Trump’s son is he I think so yeah how strange wow there we are so okay so yeah metal Planet knows how the game is played these days so they’ve appointed uh yeah Eric Trump as an adviser um now other positive news SP uh ETFs spot ETFs actually have started seeing inflows again exactly last week or Tuesday was the best day uh for in six weeks and um you know so that’s that’s great to see since February I think so that’s good good news on that front the February the 4th and then speaking of saor he also came out last week and the strategy announced this proposed proposed um offering of Perpetual prep preferred stock and this is a bit different in the sense that um it’s for $500 million um dollars and this is uh have a fixed 10% annual cash dividend versus the 8% initially offered caused a little bit of fud which we’ll get onto in a bit in terms of uh you know it’s just another different type of offering that comes with this cash flow that’s needed so he’s he’s come up with another way to raise money to get his hands on BTC there we go there we are Wednesday was a big day of course as we alluded to last week it was fomc day and Bitcoin slowly started to recover throughout the day and you know the blessing of green candles from Jerome pal over there sending sending it higher um what happened on that fomc well it to be honest it was it was pretty much standard um no massive changes no changes in rates QT slowed which is the one everyone was watching QT slowed from 25 billion to 5 billion so it’s going to end eventually um there was some other there were some worries about the economy as well and potentially a sled on inflation when it comes to QT it’s important to note that QT is not officially end in in April because they sto the mortgage back Securities that have they want to roll off of their balance sheet so minor technicality just to be the that g on crypto Twitter well actually it’s not actually actually not but it’s it is going to be a positive for risk assets when QT does end so they’re tapering they’re tapering QT yeah exactly it’s going to end eventually well QT is going to end eventually and then it’s obviously R and then only then later on is QE even a question but it’s not right now dotplot also said that we’re probably going to see two rate cuts by the end of the year it was slightly more hawkish than previous um summary of economic projections because um in this case more fed Governors expected um us to hold steady so that’s why some said it was slightly hawkish but the markets took it very good come Thursday and Trump was speaking at the digital asset Summit in New York City now um he it slowly grounded up higher towards the speech and then on the speech it just dumped I mean it’s it’s a bit crazy cuz the specul there was some just nonsense people thought oh okay well they’re going to accumulate more Bitcoin no they’re not that’s not going to happen no this has been known and then also this idea of no capital gains tax on on crypto I think there’s this thing now there’s this anticipation of trump saying something about crypto and then he opens his mouth and he starts talking and everyone is reminded of the fact that he doesn’t act he’s just saying the same things and he doesn’t seem to be like all that engaged with it and like okay like you know his administration is doing great things we shouldn’t take away from that but I I think people are kind of expecting him to sort of say something of more substance and it just is always the same platitudes you’re telling me it’s not this this this statement is not of substance quote we will make America the Undisputed Bitcoin superpower yeah I mean because you you don’t need details on that so I mean that tells you everything you need to know because it’s so straightforward how you would do that yeah yeah um I’ve got it yeah we got dialed out this a very sarcastic stream um yeah so like I say I think I think people get excited about it but then he doesn’t he you know he he talks a lot but doesn’t say anything yeah I mean that’s that’s I mean he’s a politician he’s a politician yeah um anyways Friday nothing really happened no big surprises either thankfully so we could enjoy a weekend without massive I’m really glad we’ve got over that mea of like weekend weekend meltdown Carnage a although he did come out on his show Trump oh yeah he started pump pump but anyways um looking over the week basically so the end of last week it was basically ended flat in terms of price um there was actually an interesting research report published by glass node from some onchain indicators called quote liquidity Crush good and bad stats I’ve got a pulled so for example two you know not so good metrics here we basically have the hot Supply this is basically the wealth that’s held within coins aged aged one week or less and it’s basically considered a proxy for coins available and ready to transact and this is seen a 50% contraction in liquid circulating coins coins over the past uh two months so so that’s one thing and then also we’ve seen seen a slow down in coins going to exchanges it declined by over 54% since the peak so that’s another indication that potentially there’s less Demand right and ready demand to buy coins and also transact okay not all bad though not all bad because um short-term holder losses are nothing like they were in previous Cycles I mean short-term holders are still having losses in terms of showing capitulation even in this in this um period at 7 billion but it’s no when year what it was in previous Cycles so short-term holders are not getting as burned as they were so they hodling more hodling that’s good news that’s good news and then speaking about hodling long-term hodlers aren’t sending U coin uh coins to exchanges as much as they were in previous Cycles so the percentage of long-term holders sending coins to exchanges has decreased ever since uh over the past so people are people are are hodling they they’re transferring to cold storage and they’re riding out the storm they hold riding out the storm exactly and so that’s positive other positive news obviously we talked about the ETF inflows um we last week had six well we’ve had six straight days of inflows which is good so it’s slowly coming back trickling back I mean it’s not going to make a we’ve had obviously a billion or so prior to that outflows but it’s clawing its way back slowly but surely yeah one $100 million at a time slowly we’ll get there so what’s coming up this week quickly uh well obviously um the reason the market are slightly up today is because of news that potentially these Trump tariffs which have been touted the quote Independence Day on April 2nd potentially some of these tariffs could be dialed you know softened especially some of the non reciprocal tariffs which have been mentioned so the markets looking at that positively so it’s a macro story again yeah uh we also have pce numbers coming out on Friday so we’ll get to that of course in a bit um and then um just looking at a few charts really quickly it’s zooming out to the weekly we’ve had a bullish Divergent Divergence on the weekly with the RSI indicator as well as previous um no lows and uh this is the first one that we’ve seen since September last year so that’s a good sign on the weekly when you zoom in a bit more on the daily we’ve above our 200 day moving average closed yester St above the 200 day moving average and it’s now well above the 200 day moving average so there’s still momentum there okay and one more look at the liquidity heat map this is from the chaps over trading different this is basically shows that there’s quite a bit of liquidity pools at the uh 87 to 90k range where we at right now which means market makers are more than likely to want to get into those liquidity pools to squeeze the shorts Okay so that’s looking good now the question is how are we going to be able to spot if this is a short-term top and I happen to know a very good video that can indicate they can give you a good indication of that and that is of course the one from Mr aend diser aka the moon in Papa uh over on the more coin Bureau so it’s his first video over on more coin Bureau erand yeah yeah and it’s been very well received so I’ll refer you guys to go and watch that it will be link to below and of course if you’re not subscribed to the more coin buau you can do that right in the QR code over here there you go be a hold yeah so so eron uh for those of you who watch coin Bureau trading you’ll be familiar with him as one of the hosts there one of the brilliant hosts we have on coin Bureau trading um but yes made it as Nick says his first video for more coin Bureau as well and believe me it is worth checking out and he’s got a video going out to coo trading in about an hour or two about this particular pump that we seen when does he sleep I don’t know when he when does he he’s on Japan time the guy is a machine he’s on Japan Standard time he’s always awake um yeah it’s interesting just going back to this tariffs thing because obviously has been the big overhang on the markets recently it seems like um as you as you mentioned earlier there’s talk now that maybe the tariffs are going to be dialed back this is kind of in keeping with Trump’s sort of well-known negotiating strategy I mean this is what he outlines in the art of the deal you know you go in with you go in with a ludicrously high offer and and you know you expect to row it back and you expect people to do deals Etc but do you think then that crypto in particular and maybe other markets have basically priced in absolute trade Armageddon as far as tariffs go and now that it’s becoming now that there’s a sense that okay maybe it won’t be trade Armageddon maybe there will be a deal that’s why we’re seeing this pump at the moment I don’t think it’s necessarily priced in trade on again and what I think it is is just it’s pricing in uncertainty and there’s nothing if you uncertain as an investor be it any sort of risk asset investor stocks or anything and you don’t know what the lay of the land is in a few months you’re going to you’re going to want to go into safe secure assets like treasuries or your cash right when there’s some certainty around something formulating right then you can kind of like okay now I feel a bit more comfortable it’s all about certainty you know it’s it’s the UN is the unknowns right which causes investors to sell out of risk assets so okay yep okay so I mean I think in general that’s a fair a reasonably positive outlook I don’t think we should get too carried away I don’t think we should get too excited but certainly we are heading in the right direction currently and how sentiment looking in that well I’m glad you asked that Nick I’ve just I I was looking earlier now let’s see what people are saying in the comments John uh bradle has the right idea he says gone to the beach for a beer see you in an hour um that was uh that was before the Stream So John I hope you’re back with us um uh William was pointing out we are in the green absolutely go uh pzy says let’s go there you go um uh Armen meanwhile is um Nick is back in shorts good sign uh bull market is back guy keeps gaining more weight not a good sign thank you Armen thank you for joining us today thank you for your uh input there um and uh a comment about Nick shortz that I can’t possibly share um so that is yeah sentiment I think is generally is generally pretty good certainly certainly up on previous weeks I think yeah then these shorts aren’t that tight what they kind of like loose what the hell you know okay like you’re not in the room with him you’re not in the room with him that’s all I can say okay um and of course don’t forget to hit the like And subscribe buttons as well uh while you’re at it you can even ring the notification Bell if that’s the way you choose to live your life um it’s all very much appreciated um okay now let’s talk about uh one of the big talking points from the last week is the bull market over have we entered be territory again yeah I mean this is all kicked off by a tweet by uh the CEO of crypto Quant um and essentially yeah he came out very strongly and said bull Mark bull cycle is over expecting 6 to 12 months of bearish or sideways price action and obviously it’s ambitious and ballsy of him to come up with a call like that especially with so much uncertainty as it relates to the macro conditions right and he’s basing it purely on a lot of the onchain analysis um and basically for one in terms of crypto Quan’s proprietary um bare Market indicator says it’s they said it’s flashing at its lowest level in two years he also cited low liquidity and is expecting 6 to 12 like I said 6 to 12 months of bearish action of course he’s also pointed to the ETF inflows like you see there it’s been flowing out we’ve obviously been tracking those over the past few weeks regularly yeah yeah as we said earlier they were they were not good up up till the last week or so speaking of ETF inflows is also interesting because people who using um especially onchain data and onchain Analysis looking at prior cycles and trying to formulate an opinion of where we are in this cycle it may be warped because if you think about it ETFs they’re not on chain flows so new investors these days whereas you had retail come in previously new investors these days they’ll buy ETF shares ETF shares don’t show up on chain because they are a paper asset that’s the the it’s held by Black Rock right or black Rock’s custodians and coinbase custody so as a result it’s difficult to make a conclusive you know analysis right now um although they did publish a report and they said if bitcoin’s price fails to hold the current support level between 75k and 78k slightly below the Traders onchain realized price uh the lower band there its next Target could be 63k so yeah yikes um interesting call there okay now this is interesting isn’t it because um you know this this guy uh CEO of CEO of crypto Quant this isn’t some you know vacuous influencer making some some dimwitted prediction this guy’s a clever guy he’s got access to a lot of data some of which we we’ve pointed out there so you know I think this is this is definitely an opinion whether you agree with it or not is is is is neither here nor there but this is definitely an opinion has to be taken seriously I yeah 100% And I I give him credit for someone having such a strong opinion and being buls enough to put it out there because you do open yourself up to risks and right like you know if your analysis and the fact that he was willing to Pivot to a degree because previously like a month ago he wasn’t too bullish because of the onchain factors but you know he came out and said you know I’m I I was previously bullish but all the indicators are saying I can’t be anymore and I’m I’m willing to admit I was wrong so that makes it give him well credit when it’s due coming back to something else I mentioned earlier sailor this um sailor raise that happened last week there was some fud around this potentially the fact that hey it’s 10% dividends on a $500 million that’s $50 million in cash annually which is payable solely in cash and they don’t have the cash um which is to a degree true but there is I think it’s a bit fuddy because of reasons that you can easily he can easily sell a little bit of the Bitcoin to pay the cash he can raise more debt to pay back the cash he can go and issue more shares so but there is the fact that Michael sailor and and strategy is becoming a very big elephant in the room when it comes to bitcoin Holdings yeah and you know if if that has to be Unwound in whatever for whatever reason well it’s interesting that you mentioned because I think yeah I think strategy would be able to raise cash fairly easily I mean they they’ve certainly been doing so without too much bother recently I guess the problem is like if they do have a big you know if they do have a big dividend to pay if they do decide like I kind of feel now for them selling BTC is absolutely Last Resort because I think so much um you know so much is resting on you know there’s an argument that really where where would we be without strategy and sailor buys over the last few months you know so I really feel that psychologically if strategy were to start selling even if it was just to cover for them a relatively small dividend payment I just think that would that would really nuke the market yeah I think it is I mean he could issue more debt so that’s it he can issue more debt he could issue debt against his Bitcoin I mean that’s another risky thing so there’s many strategies there um I think we’ve got to I think we had we do have to acknowledge I mean in Sailor We Trust I guess but we do have to acknowledge that there is a risk here of course there’s a risk yeah of course um so but yeah I mean there are and other viewpoints to this particularly about this bull market question bare Market questions um so here’s a few other viewpoints it’s just a normal correction um analysts believe that you know obviously through bitcoin’s long history these bull market Corrections they go from you know sometimes up to 22 up to 40% we’ve seen it before um and it’s moving now with a broader Financial Mark markets it’s just a macro drag that’s taking Bitcoin lower it’s not necessarily Bitcoin specific stuff and that’s really important isn’t it because in previous Cycles it has been a crypto specific thing that has kicked off the kicked off the bare market and it’s you know it’s been kind of spooky how it’s timed so well but the the problems have been of crypto’s own making if you like exactly this as as you say we are we are dependent on macro yeah exactly and liquidity flow specifically and there’s the question now about would we come back to the fed the a m QT interest rates and then potentially also Global liquidity from other central banks um we’ll have to see where that rolls out and that’s that’s why this QT thing was a big thing for for risk assets and Bitcoin more specifically um I don’t know if you caught this last week as well that black Rock’s head of digital assets came out and question the established Narrative of Bitcoin right yeah so he basically came out and said like The Narrative of it being it seems most people are now saying bitcoin’s risk on right so as a result it’s going to crash when markets are crashing geopolitics all that kind of stuff right whereas now he said well look to be honest we don’t know if it’s going to be in a massive recession we don’t know what bitcoin’s going how Bitcoin is going to react it could act as a digital gold you know yeah so that’s what he said you know I think it would be really interesting to see how if we do get a recession say you know how does Bitcoin perform then because I guess you could you know I guess that the you could make the argument if we go into a recession obviously that is that is bad on so many levels a lot of people lose money and and a whole lot worse but I guess you could then make the call that okay we know how governments get out of recession they print money so the fat currency fat currencies everywhere will start devaluing what is your best hedge against that fat currency devaluation and subsequent inflation BTC that’s a fair point we we we have not we have not had that test yet yeah we haven’t had that and to that extent right um so it’ll be interesting to see especially with ETFs and more access to be able to invest in Bitcoin through traditional um Financial rails um and other some really interesting news last week Kraken uh they completed one of their well a massive um acquisition right yeah so this is ninja Trader um this is a uh a US retail Futures Trading platform um $1.5 billion uh that’s um just about eclipse is the $1.1 billion that stripe Bridge paid for bridge yeah so this is uh yeah this is the biggest acquisition certainly this is the biggest crypto trafi acquisition exactly yeah and speaking of which there’s been rumors now apparently well not rumors there been in in Bloomberg that coinbase could be in advanced talks to buy deribit derit now it’s in I apparently this deal could be worth at least 3 to four billion okay derit is controls 90% of the options market right crypto options market and that would be the biggest acquisition in crypto now something tells me these companies wouldn’t necessarily be looking to do these big Acquisitions if they thought we were heading into a bare market so it’s another point to which you know I think we could some juice in this tank man yeah certainly crypto exchanges in general very well capitalized sitting on large piles of cash obviously they want to you know invest that and grow their businesses but if you talk to any exchange CEO they will they will say you know maybe they’ll say off the Record but they a lot of them will say in you know publicly all of these centralized exchanges are looking to become more than just a place that you can go and trade crypto they want to become more all-encompassing financial platforms obviously they need regulations to do that which is why what we’re about to talk about in a few minutes is so important but yeah I I kind of feel yeah if the exchanges themselves weren’t feeling bullish about the you know longer term future of crypto yeah I think you’re right would they be would they be making Acquisitions like this would would you know bigger ones be on the table because absolutely this this one that Kraken has made is not the last um that we’re going to see of this so Nick before we move on to the walls of Fame and shame are we in a are we entering a bare mark Market or are we still bull no I think we’re still bull what do you think what do you think I think we’re still bull but again like you know things are so different sorry I just got to caveat bull for bull bull for Bitcoin bull for Bitcoin altcoins I don’t think it’s The altcoin Season’s not coming but there will be opportunities for select Al which I’ve talked about many times but I think bull for Bitcoin still yeah I think so I think so so okay but let us know in the comments what you think generally I I was having a quick flick through earlier people generally seem to be more bullish than bearish there we go which is good to see good man um so good on you guys let’s now move on to the walls of Shame and [Music] fame bro I mean obviously legalist madees leg of course I’m legalist I mean they call me legalist anyway bro oh I’m delighted to be legal CH from Niel wow game a rugby a rugby reference as well those for those who watch that that brutal sport okay uh so we have the walls of Fame I always forget see these ridiculous pictures and then forget what I’m actually talking about okay so the walls of Shame and fame um now first up we have uh I think the first ever walls of Fame and shame Switcheroo in a week exactly over a week’s time yeah yeah so last week’s wall of Famer uh we awarded somewhat controversially to the hyper liquid whale um now uh time Justice and Zack xbt have caught up with this fellow um and uh yeah he’s basically been exposed as not not just a um a degenerate Trader on hyper liquid um but also a sort of full-on fraud Stone would you have can you imagine that that guy is a freaking scammer when you look a British a British guy from Sussex basically scammer uh you know Gambler hacked a lot of casinos and that’s the hyper liquid well is it like someone said you know I mean why is it always getting scammed by the it appears we get the heroes we deserve I mean and and it’s this guy so yes uh an Illuminating thread from Zack xbt there so um in a no doubt even more controversial move we are moving him from the wall of fame to the Wall of Shame we’ve could just got another entry quickly for the Wall of Shame if you guys want to pull that up uh another entry for the what on Earth is going on someone almost someone almost started a fire today in the office by almost burning toast oh my I was literally about to run down the run down the stairs cuz I was worried the office was on fire do you want to give the story behind this guy I did have a uh kitchen related mishap I the toast I thought the toaster was turned low it was turned High I had some toast in there it’s a crap toaster anyway use that toaster every single day of the week how do you not thing I know choking smoke is filling the office fire alarms are going off it was all and the office next door is like wondering what’s going on yeah and apparently the corridor outside the office uh still sinks of smoke even now and this was several hours ago so um still SM smoke BR still so there I am along with the uh the hyper liquid uh whale on and as well as as we’ve got our three Wall of Shame hall of fames Hall of Famers there uh Hayden Davis Sam bankman freed Kim Jong-un you could arguably say that I am the worst of the lob yeah apologies to all my colleagues here at coin Bureau it’s fine near killing them I’m sorry Nick I’m sorry I’m sorry I’m sorry okay so that is the Wall of Shame uh the hyper liquid whale and me apparently um the wall of fame now this this one this time we’re going to award it to a country a whole country well done yeah Pakistan yeah so they ramped up crypto-friendly efforts uh for energy efficient Bitcoin mining and this is quite a about turn at least from a regulatory perspective because I recall that Pakistan govern has been quite anti crypto hostile whereas people within Pakistan are very like Pro crypto adop in it trading OTC the government has come out with a new proposal so this is potentially you know seeing this ground swell of changes and globally in terms of government levels for crypto so that’s good to see yeah yeah yeah as you say Pakistan one of these countries that crypto adoption is very high yeah hostile government attitude to it it’s great to see that changing I’m sure we’ll see other countries when [Â __Â ] IA yeah that’s the big one just the big one just if they invite you to come and consult with them on crypto regulatory matters I wouldn’t go physically Nigeria I’d rather do a zoom call yes yes I won’t be I won’t be flying over there to like the binance chap yeah yeah okay so well that leads us kind of nicely on to uh what else we want to talk about today which is all the amazing regulatory stuff that is happening in Washington DC and elsewhere places like Pakistan too but this is the stuff that needs to happen in order for the bull market the Bitcoin bull market to continue if we want any hope of an ALT season we need more stuff like this so although this is kind of regulatory stuff and on the face of it may be a bit dry this is all hugely important and this is this is the stuff that I think is going to make 2025 in retrospect such a big year for the whole industry um because yeah there just there’s so much happening at the moment exactly yeah and of course last week one of the biggest ones at least from a from the SEC was the finally dropped the the appeal and this is ends the the Ripple Saga the Ripple case um so obviously now this means that um the Ripple can actually sell these xop again which is good for ripple because they can basically fund the business they actually could no longer need to go public because they’ve got enough xrp to sell potentially um it’s obviously clears the path for an xrp ETF and um there they still may have to pay that $125 million settlement yes yeah that that I I think has been the sort of stumbling block that’s been the stumbling block exactly because um basically they were like well if it’s if all these other cases have being dropped by the SEC why do we still have to pay which is kind of fair I suppose but anyways uh be that as it may it’s obviously been very bullish for xrp xrp’s Price ried a lot last week and also adoption of it stable coin RL USD is progressing quite well it’s at 160 million in circulation right now and there’s also a growing number of ether addesses holding RL USD yeah and of course we seen some pretty crazy price predictions for xrp as well there we are xrp could hit $10 by 2030 as Ripple wraps up SEC case I mean that’s one of the more that’s one of the more sober ones I’ve seen more sober ones although making a 5-year prediction on on an altcoin I mean may as well be reading the Stars bro well it’s better than one of those ones that says that says xrp is going to a figure that would make uh that would make the market cap the overall market cap of xrp more than the entire Global acid base in the world or something ridiculous more than the GDP of planet Earth over the entire of human existence so yeah I mean it’s good to see something relatively low at $10 I mean I’ve SE I’ve seen some absolutely crazy ones on there you got to get off Tik Tok man you got to get off Tik Tok I’ve got to get off Tik Tok for so many reasons not not least the xrp price predictions um so there we are so that was great news for xrp great news for the wider crypto industry um and the SEC is just the SEC has gone from you know one of the things you have to cross yourself when you say the word to now they’re all good now yeah man they’re they’re out they’re banging exactly they had this round table this public round table last week which is crazy and um they had some of the most important objectives from this round table is the most important questions we’ve been asking of all it’s like um the questions around the status of an asset what is a security so what makes something in security is that status permanent how does decentralization affect this analysis and so this is the kind of stuff that we would have loved to have seen earlier on and it’s good to see the SEC making progress there where were these questions four years ago eight years ago years ago it’s yeah it’s I mean these are all these are all good questions and the answers I think will be fascinating and really really important for the future of the industry it’s just such a shame that it’s taken this long and this much you know so many lawyers have got paid so much money for us to get to this position now it just seems such a waste of money and time but hey look we shouldn’t look you know we shouldn’t look a gift horse in the mouth this is great that these questions are being asked and this is going to be important going forward yep indeed um and some other positive news last week uh the stable coin Regis uh legislation is working its way through Congress um so the financial services committee will review the key stable coin legislation on April 2nd um and um yeah there’s also the question this is pretty interesting um something that Scott bessent statement he made Matt Hogan so this is what Besson said quote we are going to keep the US the dominant Reserve currency in the world um and uh and we will use stable coins to do that so this is really interesting because because there’s the potentially making stable coin um issuers the marginal buyers for us treasuries which would of course meet the ends the that the Trump Administration is trying to get at when it comes to creating demand for treasuries that brings down yields so obviously stable coin issuers need to you know reserves and tether was I think there was news last week tether was the seventh biggest buyer of of sounds about right yeah exact more than Canada and Mexico wow mad well I don’t know maybe Canada and Mexico have sort of tailed off their Treasures ex I think they’ve got other reasons to they’re thinking maybe we should diversify away from an asset do we want to hold these I don’t know um yeah so that’s uh that’s great news and anecdotally I hear a lot of talk about you know if if you think if you think there are a lot of stable coins now just wait um because again like once this legislation gets passed and it it won’t just unlock potential for stable coins as well I think it’s going to unlock a whole load of innovation across the industry so again this is this is big news um and watch it carefully um there was more good news the tornado Cash Smart contract uh and address has now been removed from ofac from the office of foreign assets control no longer sanctioned there we go yeah so you guys can officially clean your e don’t do that I’m joking do not use Tado cash the coin Bureau does not endorse do not endorse um as you know but um yeah I mean but the davs are still in jail right yeah I think well yeah one of them may be out on bail but certainly they’re still facing legal action so although that’s great news that you know the tornado cach is no longer sanctioned um we still need to see those charges against the devs dropped otherwise you know otherwise that’s not the most important bit okay um but back to the SEC uh the the interim SEC leadership because of course um Paul Atkins as we’re going to discuss a bit later should be confirmed fairly soon um but the interim leadership Hester Pier uh and Mark UA saying um that uh crypto startups should be allowed to raise funds by by selling nfts great I mean I’ve just been waiting for that that’s the most important thing like I just been thinking to myself all this time when are they going to allow us to raise funds through nfts when when nft offering although to be fair they she was referencing Stoner cats if you were call Stoner cats is that nft that was Ashton Kutcher yes and them good news for Aston good news for Aston you can go and issue Stoner cats bro again yeah um so well yeah who would have thought that um the most bully news perhaps recently for nfts would have come again from the SEC there you go man with we’re living in a simulation folks um now Nick I know that this is going to make you angry um but I want to discuss it anyway because I I personally feel this is good news um and this is the news that Canary Capital has filed an application for a penu ETF I can only assume that the reason that he decided to do this was because a penguin was his favorite animal and the guy was just taking the piss like honestly I mean come on maybe you looked at the coin Market oo a cute penguin pengu okay let I I my my theory my issue with this my my my the qu my take with this is that it’s basically like we’re going from altcoin dilution right to altcoin ETF application dilution and altcoin ETF dilution because what’s going to happen if you go on launch and this gets like gets no inflows not just this not just pengu I’m not taking aim at pangu necessarily or you know the py Penguins collection reass to reassure Peng Community I’m not I’m not fatting your bags but like you know there’s other altcoins that have got ETF applications as well like and you think to yourself what’s the point what are you trying to do and it doesn’t even serve its purpose because in this case it pumped for like two hours and then round tripped everything there’s been many other applications that I just don’t can’t make sense of like what’s going on so do you think is this is this just a publicity thing is this Canary Capital just because I mean like had we heard of canary Capital before they started filing all these all these uh obscure can is like we just love this PR guys it’s doing well for other businesses going file Mo the next ETF application the most obscure shitcoin not not these guys I’m just saying most obscure whatever the shitcoin is you know it’s going to file a fcoin ETF oh yeah there was it did they was was that I think that maybe it was I don’t know we have to check who it was but whoever did that bro like seriously the last thing you want to do and the reason I’m okay I’m you know is because if you have so much of these ETF applications coming and and they don’t do well then it’s going to discourage from any other ETF issues from wanting to do any sort of Alcorn ETF applications even for the ones that actually do well that could be demand for so yeah I just just and it’s going to and Canary is going to have to pay a lot of fees if it doesn’t you know go through in terms of like I am with you on that I am I I do feel like the big risk with these altcoin ETFs although there is the potential for them to attract a whole load of capital and get people really excited if they flop then it’s then again it kind of reinforces whatever negative sentiment is still floating around and yeah I think it’s a it it feels like a bit of a Hail Mary yeah at any rate I kind of feel yeah I I agree with you on a lot of what you say I I also feel in a way it’s sort of like it is a sense that there is still some exuberance left you know there is still there are still people kind of like yes you know this is things are going up it’s going to be okay let’s file for a pengu ETF let’s see what happens let’s explore all these possibilities so I don’t think it’s necessarily uh a complete negative sign and Nick like I say like I said earlier you know if if in a year’s time we are referring to the Pingu ETF inflows at the top of the stream and we’re talking billions of dollars I’m going to make sure that the guys cut this little section here cut your little rent about altcoin ETFs and we’ll just sort of stick it in the Stream for better yet why don’t we take a bet on live on stream right now around how much ETF inflows guy bets that we can guy bets what are we going to bet okay that you’re going to have over a billion dollar even even touching a billion in AUM and the penu ETF okay all right I bet you a th penu I don’t want your penu give me something of worth [Â __Â ] penu give me something of worth bro and not your e either because I don’t want that [Â __Â ] either I was ready to get rid of that um okay well uh what should we just do a bet in Stables a bet in Stables what yeah gambling Bureau this is um we not allowed to gamble in the B so we can’t make so a gentleman’s agreement yeah Gentleman’s Agreement yeah okay so what are we going to say um I’m going to say penu ETF launches uh within a month within one month yeah uh one calendar month of launch the pengu ETF will have attracted $250 million of inflows you think that um I I mean I don’t know how much degenerate Capital there is out there 250 million within one month one calendar month no I don’t think it will okay Gentleman’s Agreement Gentleman’s Agreement let’s see guys let’s See’s see I laugh it doesn’t even launch I laugh they pull the application before then I still win bro then I still win oh I see I see making the making the conditions now that we’ve sh taken on all right all right okay let’s give a shout out now to our very kind brand Partners so if you guys are looking to buy Pingu or indeed any I couldn’t think a better place to do it than binance right so binance is offering uh well if you sign up with a link down below um that we’ve got there we’ve got an exclusive offer of 20% off trading fees discount for life and the $600 bonus so once you’ve bought your penu you obviously want to secure it for life because we know it’s a good as gold and you’ll want to secure it on the ledger so uh you can use the Ledger flex and Ledger St ta these are the best devices they got they got these wide big screens clear signing very safe and we also have an offer on with Ledger of of course if you guys buy exclusively for the coin bu viewers if you buy a ledger using the link down below you have a $10 uh gift card which you can load The Ledger up with Bitcoin absolutely um and I just want to remind people as well like I would I’ve been playing around with these ledgers to set them up um we got an unboxing video in the works setting these things up is so easy yeah um and that’s something to to always consider with Hardware wallets ledgers and many others like so much work goes into making these things easy to use so there really is no excuse not to secure your crypto on a hardware wallet folks it is not it is not hard yep and then one more shout out to of course um if you guys are looking for the premier onchain and the analysts and tracking tools this is going to be the folks over at Arkham intelligence and there’s interesting two uh pieces of news that didn’t come through last week that didn’t publish was one for example you can take a look at the tornado cash nowat and been un you can take a look at the address there and see what’s going on wow good for some tracking about who’s what North Korean North Korean hackers running through it but they’re running through it and then also obviously um it’s important you can track the world Liberty Financial wallet movements now this is important because you can actually also set alerts now you could potentially get information of and obviously we’ve seen what the world Liberty Financial buys do to a coins price right you can check exactly what these guys are doing on chain set alerts for movements and you could potentially get that ala quickly before the market makes before they get announcements before the Twitter guys start pushing it out so definitely consider putting alerts for the world Liberty fin uh Financial address and of course if you guys are based in the US and or indeed anywhere but especially if you’re in the US and you’re looking for an altcoin exchange Arkham is now live in many new many US states and we also have a offer for you guys 50% off trading fees for the first month for the Arkham exchange recently launched so that will also be down below excellent thank you very much to our great brand Partners binance Ledger and Arkham um yeah that’s an interesting interesting point you make about being able to track this stuff as well I was talking to some crypto people at the weekend and like we all agreed like Arkham is just one of those tabs that you just have open on your dashboard yep okay let’s now have a look at the top performing cryptos from last week the top gainers um so as always now this is this is an interesting one to start with it’s an interesting list s SPX 6900 yeah that’s mad’s one mad’s mem coin one of mad’s many M manyin the one most of his net worth is in that’s is interesting and you their Twitter has also been taken down right yeah I don’t know why which I don’t know I don’t know this is because I I went on I I saw that it was to the top Gainer I went to do a bit of digging to see you know if there was any particular reason I couldn’t find any particular reason but you know their accounts being suspended going on but generally if an account has been suspended it would be bearish for the token like it’s crazy so they’re the top gainers so you know resilience there the SPX 6900 Community is strong Nothing Stops them it seems okay so uh next up we have another meme coin it’s Bonk yeah go again I couldn’t find any uh obvious Catalyst for why Bon is pumping um but you know it’s the it seems to be uh mem coins in general uh seem to be having a pretty decent week S surprise happy there in the back our videographer producer is a bonk holder yeah yeah so there we go I thought she turned up in quite a fancy car this morning um okay next up uh we have hyper liquid hype is uh hype is back yeah it’s it’s done quite well recently in general um and I think this could be around the staking tiers recently announced um there’s more utility for hype in theory with these steaking teers MH um and then there’s also the potentially hyper liquid whale created a lot of publicity for hyper itself yeah I was wondering about that I remember I remember thinking that when I was when I first started reading about it last week and and it all happening I was like is this is is there such a thing as you know no publicity is bad publicity mean he’s trading there on on hyper liquid right you know he’s taking big risk on hyper liquid um so yeah maybe maybe people flocking there to the platform to see if they can pull the same trick they’re thinking there say there’s some Savant Trader who’s probably at a Wall Street hedge fund who’s going and making these highrisk moves and he’s using some Arbitrage models and meanwhile it’s just a it’s just some basement dwelling scammer from Sussex oh dear oh dear okay next up uh on the top gainers from last week I I must admit I don’t know an awful lot about this one it sort of swam up into my Consciousness last week or the week before this is four um that’s its kind of logo obviously we all know where that famously comes from um the the ticket is form uh this used to be known as binary X and it’s now a gamef five platform um again I can’t really find a particular reason why it’s pumping seems to have a pretty active Community is this in base or something is not B BNB or BNB okay interesting so CZ yeah so uh so that is for and then um the uh final top Gainer is Sonic or S now this is uh featured before um as far as I can tell the main reason y s is pumping other than just sort of General excitement around the ecosystem still I know Andre cronier has been doing a lot of interviews um but uh we now have native usdc um VI coming via uh coming to Sonic that’d be interesting yeah yeah yeah and obviously you know for any L1 chain to really Thrive it needs stable coin liquidity yeah exactly so and and for defi to be flourish on it as well so interesting yeah and I think Sonic very much has a sort of def5 focus doesn’t it so needs that native stable coin okay uh let’s have a look now at some tweets of the week Nick who do we have first up we have k this is um the guy who first joined a Discord 3 weeks ago and has said GM 19 times would like to know how much of the free money he is getting for valuable contributions to the community GM guys GM GM GM G GM GM guys when when air drop when token when token when air drop I did yeah I did enjoy this one I there’s I mean again this is sort of this is the problem with the whole sort of air drop thing isn’t it it’s like there’s so much of this kind of farming going on it’s like how do you it’s it’s a it’s a so far unsolved question how do you how do you make these things worthwhile yeah why why did he who committed $10 million of liquidity get more my my GMS were worth more than that my GMS are worth something to you guys I was part of the community you going 19 times 19 times guys like you know how much time that took okay uh great one from KP there all right next up we have uh this one so February sailor buys 20,3 56 BTC for almost $2 billion March sailor by 130 BTC for $10 million this was it was this was this from the inauguration I maybe it was Jimmy Carter’s funeral Jimmy oh why was he making that face of Jimmy Carter’s funeral who knows who knows that’s weird no yeah you surprised Jimmy K was dead maybe maybe I mean it’s a it’s a great picture so uh yeah but that’s uh just how quickly things can change how quickly the mood changes all right uh what do we got next oh yes right intern says have never seen crypto Twitter collectively come together so strongly over something as the salana video we haven’t talked about the Sal the salana video yeah I mean I think collectively everyone uh you know it’s just it was cringey it’s like it’s you know it’s what it’s not about a political statement it was just silly it wasn’t that funny and it’s like no one cares about what political slunch or blockchain is it shouldn’t be left it shouldn’t be right it’s like is your blockchain do people want to build on it because you know it’s fast performance and there’s developer tools for it not like what political SLA it is either left or right there’s enough politics in crypto as there is we don’t need any more and we certainly don’t need it on on the blockchain I think you said earlier it was there was a there was a real whiff of I believe in the current thing yeah exactly exactly it’s like I I say the current thing and to be honest you know yeah it’s massive backlash against left win politics which okay fine you may have a view on that that’s great but it’s like you know you wouldn’t be saying that if the whole world was left right now right you know on to a large and I think this this is why we selected this tweet as one of the ones of the week I think this is largely true I think people were generally United in disdain for this uh for this Salan R and of course they took it down fairly quickly they read the room they read it a bit too late yeah I mean and people say oh I agree with I agree with this the message yeah that’s not the point the point is yeah you can agree with the message right you can have your view around politics whatever it is and you know the the current uh you know cultural War but it’s just this is crypto right like this is a blockchain like let’s just try and crypto is supposed to be apolitical I know it’s been it’s been hijacked by whatever which party whichever way let’s try and keep it as apolitical as possible amen okay uh next tweet of the week comes from uh the inestimable Gart uh there are there are 58 million millionaires in the world there are only 21 million BTC stop me if you’ve heard this before not every millionaire will be able to own one whole BTC true there are less than 500 Siberian tigers in the world not every millionaire will be able to own a whole Siberian tiger this is true you can’t you can’t fault that logic man you can’t it’s the real gold stand the Siberian tiger put it in Cold Storage absolutely absolutely and uh yeah I tell you as as the proud owner of one Siberian tiger myself I can tell you you do not want to try and fractalize that you can’t yeah it is it is impossible um so it’s it’s one whole Siberian tiger or nothing there we go only 500 left man yeah you know yeah so good on good on Gart for putting that in his trade journal and then uh we also have um as a tweet of the week Caitlyn Jenner’s back she’s back she’s mov to base guys she hated that Sal that salana shade so much she’s gone to Bas and Bas no longer based because J Caitlyn jennis no I’m joking um but yeah what happened to Jenna the meme coin by the way is that I mean I I I I don’t know off the top of my head Nick but I can take a guess oh okay yeah I imagess coin went yeah I wonder if this tweet was really her or you know that that guy that made made the coin for her salil sahil oh yeah sahil the one that that made all these celebrities rugs um could have been him that was doing that tweet yeah um please celebrities just just leave crypto alone just just don’t okay we please we haven’t been through enough we’ve been through enough coins we don’t need you in fact we don’t want you all right let’s have a look at some coins to watch this week there are few there’s three on the menu three on the menu so one is today or is bar chain obviously um their proof of liquidity launch is going live um so obviously proof of liquidity is this new novel uh consensus mechanism which tries to encourage liquidity provid like you no node operate validators to also provide liquidity that’s going live today and new vaults start getting those emissions okay um question yes so this whole obviously bar Chain’s you know thing imagewise is they’re all bears and Smokey you know the chief the bear chain chief he wears a bears hat in public and all this sort of stuff and you know that’s their that’s their brand um I see I see kind of quite a lot of this at the moment I um movement they’ve got a whole load of cute animals running around as their thing Sonic Sonic has some it’s I think it’s well it’s supposed to be a hedgehog because obviously but it I mean it just looks like someone’s under’s fever like some cutesy animal running around and like I just I like am I just being an old fart and thinking this is getting this whole animal thing is getting a bit silly can you imagine you go to like a bar chain Meetup like you actually no there’s a bar chain Meetup up in a bar somewhere or at a pub and then you you’re not not you just walk into accidentally walk into a bar chain meets but everyone’s in like a be mask or something or or a be and you think to yourself what’s going on did I walk into a fury Cong exactly it’s it’s weird like yeah there seems to be there seems to be this obviously I guess you’ve got the kind of animal meta from meme coins and things like that but it now seems to be bleeding over into actual crypto projects that you know non-meme crypto projects and suddenly like everything you like the adverts for these things or any sort of announcement on Twitter is comes with a sort of animated video of some cute sort of hard to identify animals just kind of bimbling around being dicks and it’s like what is this all about this people aren’t going to take this seriously this is this is stupid this this is such a cool round we just got to clip this we’re going to sh it’s on crypto Twitter old man screams at old man screams at Fury animal um mascot of a crypto project dinosaur fails to realize he’s about to go extinct yeah I don’t know I don’t know just ignore me I’m just being I’m just being an old reactionary but it’s uh yeah it it I don’t know okay let’s move on moving on to a coin that doesn’t have an animal mascot it’s million million so this is nil um this is a project which we’ve invested in it as well um prior um they’re listing on gate.io and C coin this is the um private blockchain nil message compute um yeah um really interesting project um you know let’s see if we can get it get out the gates in this bll this relatively soft Mark conditions yeah tough time to be listing um but uh yeah very very interesting project um and I know a lot of people are talking about that on crypto Twitter and elsewhere I’ve got some bad news for you mate what’s that the next coin to watch is another fa another animal oh God see this is this is exactly what I mean like okay this one is named after an animal so I guess it makes sense to but does it like could you not I don’t know it’s a cool War us bro it’s a cool a CO you know I mean okay I’m just I’m just uh I’m just past it you just I’m out of my time okay but yeah so this is the decentralized storage protocol that is built on top of sui uh their main net launch is on Thursday on the 27th um and uh yeah again a lot of people very excited about this not sure what exchanges are going to be listing uh wall or wow W um but definitely an interesting project to watch there lots happening in the sui ecosystem okay Nick dates for the diary dates for the diary so 27th of March which is on when Thursday we have got uh Paul Atkins confirmation here in um so this is really interesting obviously this is the um uh nominee for the uh chairman of the Securities Exchange Commission um uh it could be quite a contentious uh you know hearing so we’ll see are you going to be watching that hearing guy live obviously you will not be missing that right nothing nothing is more exciting than watching a hearing live right OB oh yeah I’ll have that on well I’ll have that on one screen and I’ll also have on the other screen um because on the same day 27th of March the initial jobless class there we go yeah into birs one stone exactly you got to be trading the initial jobless claims and you need to also be like keeping on top of what’s going on with Paul Atkins as nomination um the initial jobless claims 226k is expected versus 223k which was the previous number so that’s an important point to watch for job growth and then finally on the 28th of March as we said we have the pce numbers the personal consumption expenditures index which is the fed’s preferred inflation measure um 2.55% previous 2.5% expected so that’s one that everyone’s watching because that will obviously help inform fed’s decisions okay okay so yes some big announcements as always coming up this week all right um shall we have a look at uh what people have been saying in the comments should we should we Brave that well first of all has anyone guessed yes a few guesses have a few correct guesses which I didn’t star but well done to everyone who guessed that I have gone there we go bro I have gone for shorts as well there we are he’s joined the short he’s joined the short crew I’ve joined the short Brigade um fortunately I haven’t taken the word short quite as literally as Nick has U Mine Mine go a little further down no man it’s mine just like just can’t help it it’s like it’s just like these pants always it’s getting hot it’s getting hot here in Dubai the trousers I’m afraid are going to have to go away for um for another year um J Scott chromy uh is uh has a big question why is dquan not on that wall of Shame um well Jay Scott chromy the reason he’s not is because he hasn’t uh he hasn’t popped up as a villain of a particular week obviously he is a big crypto villain I’m sure he will make his way on there at some point and as soon as he does pop up one week uh then we will add him to the to the all times I think when he does is interview with tuo Carlson from the MDC there we are there we are so watch this base don’t worry Doan will find uh where he rightfully um belongs uh Dre 5110 says um sorry I’m late on parade today Dre it’s okay it’s okay we forgive you we forgive you um now pazzy has a a good point here there must be better form for Mass adoption than launching ETF for every single coin well of course yes there is I couldn’t agree more absolutely absolutely because yeah again these are just investment vehicles they don’t actually they don’t actually move on the utility of this particular coin it’s just another another way for people to speculate yeah exactly yeah um uh krie carrian uh says better we should have better a piece of burnt toast I mean there’s plenty of it kicking around so it’s not exactly you know it’s very easily manufactured here with coin bure’s crappy toaster oh no I would not touch that burn toast I mean really it’s got to be an asset that value like what with your burn piece of toast bro I tell you what but at some point I’m going to buy the most topof the range uh high-spec toaster for this office maybe guy knowing you you’ll still find a way to set fire to this when Bitcoin hits 250k I’ll buy I’ll I’ll buy a sort of space toas supercharge the fire The Firestorm that emerges basically um uh so Justin um I think is saying something in in in South Africa does that make any sense that’s the line from um dup yeah man yeah okay does it mean is it n they don’t know what we know yeah oh they don’t know what we know yeah exactly yeah it’s a it’s a inside inside Africans thing say it against SP say I I won’t insult I won’t insult South Africans any further um Dirty Dan thank you Dirty Dan guy might be on something a lot of furry crypto Bros yeah yeah well that is true got I think he’s got one as his as his proile no that’s that’s um Goblin toown nft I think is that Goblin toown n okay well there you are all right um JC for life I’m afraid we’re getting scolded Nick we nice coin Bureau themed retro mechanic style shirts instead of those sloppy unpro t-shirts what’s unpro about our bro it’s just a white just a white T-shirt I’m in a great like come on okay well all right we’ll wear nice Retro Retro mechanic what’s retro mechanic style what’s a mechanic style I’m not sure I’m got smudges on it because that’s a mechanic style huh yeah maybe it’s it’s our merch it’s our merch door person’s Al account apologies okay um I think uh and default settings says uh duet toaster for the win okay duet yeah duet okay it must be a bare Market we we’re reduced to Shilling toasters massive utility on that toaster massive utility with that toaster man go and dip a dup dive we’re going to go and start doing videos on toaster reviews got to have got to have a backup folks got to have a backup okay thank you everyone for watching that is uh that’s quite enough for one week I think I think we’re all agreed um we will be back next week plenty more content coming your way see you again soon see you guys cheers [Music] won’t be able to see this strange this is definitely my Tyson’s F coin is the only one he can say I think the fool they taking the p i to a now I won’t be able to this a strange [Music] s eight oh eight um do you know how to play this no I thought you knew I don’t know I thought you going to teach me what’s the point of playing this game I don’t know how to play back gam that’s okay so what are we going to do now just like throw Dice and whoever gets the highest number yeah to three okay highest number 10 oh yes one more for the win
Add A Comment