Bitcoin Faces a Global Market Bloodbath

[00:00:02]Welcome back to Cryptos are Us. I'm George.

[00:00:06]We're all George. Welcome to another market open stream today. Unfortunately, looking very, very red. Very red indeed because of a global market bloodbath.

[00:00:19]So, what exactly happened? Let's talk about it. and how is it going to face or how is Bitcoin going to face all this FUD and bloodshed and let's talk about everything else that's going on in the world today.

[00:00:36]All right, let's do it guys. Let's do it. Welcome, welcome, welcome and happy Friday.

[00:00:45]And the US market has opened and opened very red. So, Bitcoin is a little bit lower than last night. Okay, last night we were still hovering around 64,000 slightly under and actually did much better. Bitcoin and crypto did much better than the US market yesterday. We had a big tech selloff but unfortunately we're going down a little bit more because of what we're facing. Okay. Um globally and here I don't even have CNBC open because it's so bloody. No, I just forgot to open it. But you could see we're opening up today at minus 500 for NASDAQ at minus DO already.

[00:01:26]So obviously no good led by Asia once again. Asia had a huge huge selloff.

[00:01:36]That is not even the full picture but you could see how bad it looks.

[00:01:42]Uh, end result, Korea went down 6%, China went down 3%.

[00:01:48]Hong Kong down two, and Japan went down 4%.

[00:01:54]Ouch.

[00:01:55]Ouch. Again, it's kind of like a meme market right now in Asia. I don't know what exactly is happening but it seems like things are very volatile, very red and there are a lot of people getting wiped out right now and it's carrying over unfortunately.

[00:02:17]So over not over but nearly one trillion was wiped out yesterday.

[00:02:25]They threw a they threw Australia in in Asia right there. But um but here, look at this too. You know how I always complain about leverage in crypto, but look at this. South Korea's leverage bull market un unravels, excuse me. 1.2 million retail investors face margin calls as force liquidation rate surges from 2.1 to 10%. That may explain why things are going down because these guys are also playing with leverage.

[00:03:02]Okay, they're playing with options, futures. They're not just buying. That's kind of crazy. That was three days ago before more collapsing. So that could be 15 20% now.

[00:03:19]of all the retail investors in South Korea. Think of how crazy that is. So, it makes sense if they are that leveraged and now they're getting deleveraged.

[00:03:32]It's kind of like crypto how we see like billions being liquidated every single week. It's kind of like that, but they're they're like much higher, right? So, that's the only thing that can explain things. But yeah, so we're facing that today.

[00:03:50]No good. Maybe we can overcome it. I I did notice that Europe didn't have such a bad bad day. Overall, just slightly red, not crazy red, but right now we're not looking good. And VEX is up 10%.

[00:04:04]No good. On top of that, uh the war continues to uh continue to move forward. Iran says civilian infrastructure hit by the latest US attacks.

[00:04:19]Okay.

[00:04:22]Um and hopefully there's still a deal to be made. I don't I don't know. I cover this every day. I don't think anyone really knows exactly what's happening. Trump says there's still a chance for a deal. He says, "Iran is still calling him, begging for a deal, yet there's no deal made yet.

[00:04:48]We're still continuing our strikes."

[00:04:52]So, it's hard to know what's happening.

[00:04:56]But with this, oil is going up, skyrocketing once again, which is causing a lot of concerns because of inflation. We just had two good inflation readings showing inflation going down, but if this continues, it's going to rise up once again and that is no good.

[00:05:21]No good overall.

[00:05:25]So, we have this to face as well. This just never ending.

[00:05:32]Uh yesterday Trump did deliver an address to the nation about 41 minutes. A lot of it was about voter fraud in 2020 and how China was involved and China stole a lot of names and and uh and information. I'm not sure China's going to like that at all. I don't know if that is true where he got the sources from or the inside information from, but that was a big part of this. And at this point, it's like, does anyone care? People want to know how the economy is going to turn around. How is he going to deal with this war? So, this is like reliving the past from six years ago. And again, it's like, do we care? Is it real? right? You're the freaking president already again.

[00:06:28]So, let's move forward. But well, there's one thing that he said in there that said that is good.

[00:06:36]We have more money being invested in in the United States than any time in our history.

[00:06:42]Uh more Americans are working today than ever before. This week, it was announced that inflation saw it largest monthly decline in more than six years. Our stock market at all-time highs.

[00:06:53]Well, I guess that's true. Some of that.

[00:06:56]I'm not sure. We have more money invested in US than any time in our history. Maybe.

[00:07:01]Maybe. More Americans are working than ever before. Maybe. Well, we have more people, too. And inflation saw as large as monthly decline in six years, but still very elevated versus years ago when we were hovering around zero after COVID and even before that. So, I I don't know.

[00:07:22]I don't know. You guys decide. Are we in a better spot now versus before? It's hard to say. I guess it's who you ask, right? Well, crypto certainly isn't better right now versus last year.

[00:07:42]But anyways, that was that.

[00:07:46]With all that said, with all the scariness, all the bad news, the blood bath and and the inflation worries and and the escalating war, seems like all this stuff, all this stuff, all the nasty stuff.

[00:08:03]Uh, we still had a good day yesterday for inflows.

[00:08:08]Plus 79 million for Bitcoin at least. minus 28 million for ETH, plus 1.7 for Soul, minus 15 million for XRP. Not sure why XRP has these like crazy drop offs, but overall it seems like they have slowed down. Uh outside of ETH, we had a pretty good day. That's three consecutive days of buying. Last night, I mentioned about all these institutions getting involved and still coming into the space. I think that has a lot to do with it. Those that know will continue to buy. Okay. And who are those that know? Long-term holders, some of these new institutions, right? They know that we will get past this winter.

[00:09:01]You got Mor Morgan Stanley getting involved. You got all these guys getting involved. JP Morgan getting involved, right? Black Rockck still involved.

[00:09:13]Black Rockck's iBit is now starting to accumulate once again. Not at Sailor's level, but we'll probably get there pretty soon because this is accumulative of everyone buying in and plus Black Rockck themselves buying with their other various funds.

[00:09:31]Okay, so obviously Larry Frink very bullish. I just covered him saying that he believes with all the leverage wiped out this was healthy and natural and now Bitcoin could recover. JP Morgan also said that a couple things are h are helping Bitcoin like strategy increasing their cash reserves.

[00:09:56]Okay, Bitcoin futures attracting institutional flow. These are good things.

[00:10:03]Van Ike just bought 200 million in stretch. So they obviously want that.

[00:10:14]They want to earn that dividend, that juicy dividend that Sailor's giving out.

[00:10:19]It's like 13% monthly. So you're getting a if you calculate that's over a percent per month and over I don't know if that's calculated if you're holding over a year it's compounded to 13%. Or it's really 13% per month which if you compound that would be crazy. it would be probably like 20% in a year or something like that, right? But again, you got institutions that are loading up or getting involved in some way. They're not exiting. In fact, more are entering. So, just think about that.

[00:11:04]So despite all the negativity, all the selloffs, all the scariness that's going on, these guys are setting the foundation for themselves, okay, going forward because they know we will recover and they will benefit greatly by being in this space. And if they don't, they're going to be left out versus their competitors, right? So, they're all getting involved in some way. Either getting involved with ETFs or buying ETFs or offer spot trading or offering some kind of trading desk. It could be for the wealthy or doing some kind of custody service or getting involved with tokenization and RWA.

[00:11:49]I mean, they're all jumping in now.

[00:11:51]They're not exiting. You don't hear about any of these big banks or financial institutions saying, "Oh, we're going to exit crypto completely."

[00:11:59]No, that's nonsense. They're getting more involved. Stripe just announced they want to buy PayPal for the very reasons because they want to be involved. Robin Hood just got in as well.

[00:12:13]And you got a lot of countries like Japan, right, that wants to lower capital gains tax wants to start aggressively acquiring Bitcoin and they passed a law that allows uh ETFs to happen too. So, you know, the whole world is adopting, but these are all long term and I know short term we're going through some painful times.

[00:12:43]But this is what happens during crypto winter. The best way to look at it is while others are fearful, while others are selling off, this is your opportunity to buy at cheap discounted prices. That's the best way to look at it because wealth is generated when you buy low and sell high, not the other way around, right? So, think about that. Um, lastly, there's a few things. Oh, this I mean again, we always have we always have metrics like this.

[00:13:20]Okay, long-term holders accumulated 371,000 Bitcoin in the last 30 days. So, long-term holders understand. And the funny thing is when the accumulation on this rockets up, okay, when the long-term accumulators buy a ton of Bitcoin, it's usually during the dips before we start going back up. The bigger the bigger this, the more we tend to flip around. So, long-term holders in the game, not leaving.

[00:14:02]And here's a long-term perspective showing you this channel that we are in.

[00:14:08]We got cut unfortunately, this last cycle, but you could say this is like maybe a midcycle, the midcycle dip before we reach our true potential going forward, right? But that is what it's looking like right now.

[00:14:30]And we still got the clarity bill. All right. So yesterday, supposedly Trump talked to the Democrats and they didn't want to budge. We need at least 70 Democrats and so far zero. At least that's what's been reported. This was yesterday. I'm not sure if this is entirely accurate, but we got a vote coming up. Okay, that's coming up in in October. No, no, in August. So, that could be a big thing. Trump is pushing for that. Everyone is pushing for that.

[00:15:04]So, that could change the landscape forever. So, don't give up on that as well. That is something that I said that a lot. I just realized it's something that's good for crypto uh moving forward. So that's about it. That's about it for markets right now.

[00:15:29]Kind of kind of rough. Let's see.

[00:15:33]Minus 600. Dow's recovering a little bit. NASDAQ is escalating.

[00:15:41]Bitcoin fall fell a little bit more, but man, it's a bloodbath with stocks, man.

[00:15:48]I don't even want to look at it. Uh, Robin Hood is down almost 9%.

[00:15:54]Intel down 7%.

[00:15:58]Micron down 5%.

[00:16:02]Nvidia down 4%.

[00:16:06]It's a blood bath. AMD down 8%. Jeez.

[00:16:11]So, all the recent gains all gone. Wiped out.

[00:16:18]TSM down 5%. Oh my god, now it's back down to May levels. So, you know that capital rotation I've been talking about out of very hot tech could be happening because now you're starting to see this fall. Hopefully, this is temporary. It comes back up because we don't want a complete selloff at this point. If tech completely sells off like a bubble situation and it sells off that would not be good.

[00:16:51]Hopefully this is just temporary. A little little blip.

[00:16:59]You can see right there.

[00:17:02]All right, let's do some Q&A.

[00:17:26]Yeah, today's not looking a good day.

[00:17:28]Overall, Asia kind of kicked it off. Now we're starting to see the effects of that and then plus, you know, the war situation with oil starting to skyrocket once again.

[00:17:43]No good. Oil is up to 81 per barrel.

[00:17:46]Brett is up 86. We were We were in the 60s now elevating. We don't want this to continue to go up. No good.

[00:17:57]No good at all.

[00:18:32]Today is a good buying day, JM says. I would say so. I mean, not to throw like doom and gloom, but Bitcoin obviously has seen worse even recently, right? End of June, we were hovering around 58, 59.

[00:18:48]Now we are solidly above 60,000. You can see our supports. We we do have a few one at 626 which we're like right right right upon and then there's a one at 61 and then obviously we have one formed back here 5758.

[00:19:08]But overall, you can see we just been going sideways, right? Ever since we climbed up to that 82, 83, that good good like month of rallying, we fell down because of a lot of the war stuff, capital rotation into into tech and AI, and now we're just kind of hovering. And that's not a bad thing. This is what happens, okay, during bottoms. This is what happens. But you could you could actually zoom out longer than that.

[00:19:44]Like this, right?

[00:19:49]We were over here a little bit. Now we're back. So, this is part of that bottoming process.

[00:19:56]Just like this. This was even longer, but kind of same way now.

[00:20:11]Oops. I just totally totally screwed that up. There we go.

[00:20:37]Will ETH really be used for tokenization? It is already used for tokenization.

[00:20:43]We already have tokenization of stocks and bonds and yield. It already exists.

[00:21:12]Well, I'll tell you, Bitcoin is doing a lot better than stocks this morning.

[00:21:19]That watch list is looking quite brutal.

[00:21:23]Quite brutal.

[00:21:27]Uh stock screener I showed you guys. You could have a really nice comparison of any other stocks, just FY. But yeah, look at look at that. It's all it's all red. Very little is green. It's all all red.

[00:21:53]Yeah, if you select tech, it's like almost completely red for today other than Cisco. I don't know why Cisco's up.

[00:22:04]AI AI is completely red.

[00:22:09]So today is big big big tech selloff for sure.

[00:22:16]Uh and if you look at crypto not looking much better even like Hyperliquid down over 9%.

[00:22:29]I heard like that cool cat or whatever cat on Robin Hood chain is falling drastically.

[00:22:39]So that's no surprise. But yet last night I did uncover Ando which is in the RWA space and tokenization and they actually done quite well in the last three three months. They're one of the only ones that have done well. So, coffee is getting expensive.

[00:23:12]Uh, SpaceX is down to 125.

[00:23:16]Um, yeah, that it really isn't a surprise.

[00:23:23]I was thinking of what the IPO price, you know, probably stabilize, but you know, a lot of these hot stocks, I mean, they're just way too overvalued and then they just keep going down. I don't know where the bottom is.

[00:23:37]We'll see if there's a if there's a big tech correction and already started, then it's going to go a lot lower. But if this is just temporary, again, you know, markets are very hot and overheated. And if this is just temporary, then we'll be back in no time. Maybe just even next week. But but we got to see this. This this Korea situation seems concerning. Um and and I don't know how the war is going to go.

[00:24:30]Have I dipped in SpaceX yet? No. No. I think it's too high. I mean, honestly, as much as as much as I like what Elon is saying about building space data centers and all that, that's kind of far-fetched. I think there's more urgent things that he can he can work on and I think he is. I mean obviously he he probably works harder than any any human on the planet if I'm being honest with all the things that he has to run and all the things I worry about is way more than what a normal human can handle. But with that said like you know building space like moon data centers and stuff that's really far. what his cash cow right now is Starlink. Okay, that's that's really the only thing that's really generating profit. He should he should really expand that, which I know he is, right? Um, but you know, in terms of AI, he's trying to lead the way with Grock and um, and that's a really tough uphill battle.

[00:25:32]And it certainly doesn't his revenue certainly doesn't um, it doesn't justify the the two trillion in market cap, right? I think it's below two trillion now, but still, it's just way too elevated. uh it could fall another 50% and still be overvaluated.

[00:25:56]So, I don't know. I just it it just I don't feel very comfortable about it right now.

[00:26:34]Vala, dude, you're just just calm down, okay? Reusable rockets is far easier to do than building out a data center that's operated by solar panels on the moon. Okay? doesn't mean that it won't happen, but it's not going to happen anytime soon.

[00:26:58]And I'm not being [ __ ] small-minded, okay? I know you're a regular, but that is just such a stupid thing to say while I'm in a bad mood, while the market is down and you're getting [ __ ] banned.

[00:27:15]I'm sorry. Just stupid.

[00:27:31]Dude, you could disagree with me, but don't disrespect me, right? Don't go into someone's house and then tell them they're crazy, narrow-minded, or small-minded because they don't because just because they don't agree with you, right? I don't I don't quite get that and expect to just stay around, right?

[00:27:55]It doesn't make a whole lot of sense.

[00:28:08]Shred Ventures, you were the first one to tell me about Vchain. Do you think that product is dead?

[00:28:13]It won't be dead if they actually pivot.

[00:28:17]But it seems like Sunny Lou is not pivoting and that's the the number one reason why they have been down and they're almost obsolete now because they have completely pivoted into their VB butter thing and they have a no another token another app and it's about it's a good cause to to save garbage I guess clean up garbage around the world and you get paid for doing so, but it doesn't help Vchain in any way. They haven't solved any of the things. They don't have stable coins.

[00:28:56]They don't have liquidity pools. They don't have dexes. They don't even have swaps. There's not even an official V swap, which I talked to him about two years ago, and he was kind of surprised, I guessed, a name, but I don't still see it two two weeks two years later. Like there's no DeFi infrastructure at all on Vchain. Zero. Even to this day, there's no TVL because there's no infrastructure.

[00:29:22]So, I mean, he's he he he set this up and he's not pivoting at all.

[00:29:29]He could definitely turn Vchain around.

[00:29:31]There's still a lot of fans, but his continue continued sponsorship of the UFC and now power slap has not done anything.

[00:29:43]It hasn't brought more people in at all.

[00:29:48]So yeah, so that's my take on Vchain. They can turn around if they wanted to, but they they are not dead alive. What's more important to you? election fraud in 2020 or markets and how to navigate markets and how to earn money and save your finances right now in 2026. What's more important to you? And if you say, "Yeah, I care more about voter fraud in 2020 than the latter," then you shouldn't be here and you're a [ __ ] idiot, too.

[00:30:52]And you're also banned from this channel for making such a stupid comment.

[00:31:08]I think they still Vchain still has a huge sponsorship with UFC. Um they signed like a eighty year or 10year sponsorship. They paid like a hundred over a hundred million dollars. Imagine had they not done that and they spent over hundred million dollars on I don't know on development um giving out giving out money to developers to actually program stuff and to make stuff and to grow the ecosystem like that would have been much more beneficial in my opinion.

[00:32:05]Yeah.

[00:32:12]Well, we're seeing a little seeing a little little recovery. 632.

[00:32:20]Nearly back to where we were last night.

[00:32:42]There we go.

[00:32:55]Boston Train. I appreciate that. I do what I can. I try to do what I can. Try to ignore ignore the the stupidity, I guess. But it gets to me. It gets to me.

[00:33:16]Scott Lawrence has got liquidated last night. It's tough out there at the moment. O, you know, once you get involved with leverage and look, let's just say leverage, it's it's really hard to get out. No matter how many times you lose, you figure you can make it back the next time, right? I have lost so much from playing with leverage. It's embarrassing.

[00:33:40]Okay, finally recently, I'm like, I had enough. I'm not gonna guess no matter what. It was really tempting when Bitcoin went back to 65. I'm like, I'm gonna throw some longs right now. And I'm like, no, I'm not gonna do it. I'm not going to do it. So, I don't have any more money to burn.

[00:33:56]And luckily, I didn't because now we're back to 63. But like, leverage is is such I I understand why there's so much leverage out there because it's so addictive. It's like the biggest drug there is in crypto. That's why so many continue to play it. So many continue to get wrecked from it.

[00:34:17]Firsthand experience, I know it's tough.

[00:34:20]The best advice is never get involved.

[00:34:22]Never play with leverage in the first place because once you do, it's really hard to break that habit.

[00:34:36]It's extremely extremely hard to break that habit. Another, look at that. Another 430 million wiped out almost all of it longs in the last 24 hours.

[00:34:54]For this much to be wiped out in 24 hours. Just think about it. Think about how leveraged some of these guys are.

[00:35:05]you know, they they must I mean, just with a 2% swing. So, you're talking about 50x leverage. 50x to 100 to more.

[00:35:13]That's the only way you could get wrecked with a 2% swing, right? So, that means we had over $400 million of leverage of leverage at 50x plus.

[00:35:31]Think about how stupid that is.

[00:35:35]Um, you know, even playing 3x, I find it to be incredibly stupid. Now, I mean, these guys are playing with like 50x KMT. Yes, Vchain is a global supply blockchain company, but I think that you're mistaken because that was like years ago and now they don't concentrate on that anymore. They don't talk about it. All they talk about is the better system with a three. They call it Veter or something like that with a three there. That's all they're concentrating on. They don't concentrate on growing anything else anymore. That's the problem with Vchain. They've been down that path for years. They haven't deviated.

[00:36:40]We should add a feature to show Add a feature to show who the institutional holders are for specific stock.

[00:36:49]Oh, I could do that. I mean, you could see that on Yahoo Finance, but I've been adding a lot more tools. Obviously, you guys know I've been promoting Aslash, which, you know, it's the greatest greatest investment tool there is. Like, honestly, for crypto, there is no better platform. I have every single freaking tool all in one. And this is almost completely free, mostly free. And there is no better platform. So, in terms of crypto, everyone should be using it every day. People that don't are really fools. Like, I I mean that because it really gives you all the intelligence you will ever want for everything in crypto. And now I made it more stock friendly, too.

[00:37:35]But as for institutional holders, I could get that information. I could build that in quite easily for let's say stock screener and make it so that you could click on individual stock and see all that. But even a new comparisons for stock, you know, it's fantastic.

[00:37:53]That's a really quick view of performance and all the information about individual stocks. Even tells you the next earnings.

[00:38:02]I mean July 20th, which is coming up with for Google, Nvidia's August. I mean, you're getting all this crazy useful information. earnings calendar, complete calendar of every company there is. Not to mention like our macro map which shows inflation which is freaking awesome.

[00:38:24]You know, FOMC calendar, global industies, economic calendar. I mean this is all in one.

[00:38:35]This is the greatest source of investor information in one place known to man. I don't think there's any platform that has more information presented than Aslash.

[00:38:48]And if there is, I'd be impressed and I would try to copy it and and do it better because I just don't think one exists.

[00:39:15]I got to open up the swap. I don't know why I have been holding off, but you know, for those of you guys that do want to DCA into Clash or Soul or anything that's soulbased, I'll open this up.

[00:39:27]staking for you guys that want to park your crypto. You want to hold a longterm Ethereum, Bitcoin, I mean BSC, base tells you exactly where to go, how much a yield to go get, you know, it's really there's liquid staking as well. Native DeFi lending. I mean, this is all here for you guys to to learn. I mean, every single freaking thing is here.

[00:39:58]Surprisingly, we're still up 7% for this month.

[00:40:03]As bad as this seemed, we're still 7% higher from the bottom of June, which makes sense because we were down to like 50 58,000.

[00:40:42]uh how much we spend on on this page just a lot of time thousands of thousands of hours I'll tell you that I don't know how much hours but thousands of hours in terms of development cost very little because using AI just a whole bunch of subscriptions and I'm really addicted to them and more and more more and more uh models are coming out which makes it easier because they're getting more intelligent.

[00:41:08]So overall cost not so much a real like real development cost maybe like I don't know maybe $1,000 maybe 2,000 maybe less than that but in terms of manh hours this is this is me spending literally 16 hours to 18 hours a day every day at this for the last two months since May to now it's only been about two months you calculate like 16 to 18 hour days every day sitting in front of computer adding something or improving something or hardening something or making something more efficient.

[00:41:57]Just yesterday there was a new model that came out um Kimmy Kimmy K3 came out. There was a lot of hype about it. Um, I tested it. It's not that good. It's not that good. The benchmarks are are amazing.

[00:42:16]The benchmarks on my leaderboard, Kim K3 is actually third, but it is incredibly slow and incredibly expensive. You can't really doing anything without burning through a ton of cost. This subscription is worthless. So, don't get it. But, you know, I I saw this. Someone used Kimmy to make it. I'm pretty sure it's like an insider guy because to make this would take thousands of thousands of dollars, but this is like a Mac OS on the web that was built with supposedly Kimmy, which is actually incredibly impressive. But you could build a lot of stuff like this with AI relatively easy, relatively quick. The thing is, you could build a front end that looks pretty like this, but to actually make it work on the back end, all the things that you have to do to harden it is incredibly time consuming, but the the front end is very easy and AI could do some amazing things now. So, basically, you can create anything you want. Okay. But um but you got to put a lot of time into it, that's all.

[00:43:39]But yeah, I I thought this was pretty pretty cool.

[00:43:54]Hey, look at that. Look at that. Coming back up a little bit.

[00:44:07]Uh, can we team with a brokerage and place orders? Oh, that that'll be tough.

[00:44:12]That'd be really tough. Probably not.

[00:44:15]Well, unless I mean it wouldn't be tough if there's some kind of if like Robin Hood or Charles Swab or someone or Erade has some API where allows you to connect and then you could just place trades. It wouldn't be hard then. But I don't know if I would want that. I mean, I'm just trying to be a chart provider and this is a pretty damn good chart. ProCharts, AI charts, AI charts is our most popular feature and it should be because why wouldn't it be like, you know, why wouldn't it be? Because it's so good and it auto charts and tells you exactly what you need to know and gives you all the indicators, right? like this one where the rejection zone is where we would break out, you know, like right around here. I mean, it tells you all that and explains it. Then it gives you every single freaking indicator there is that you should care about. Like right now, you can see how we're trying to break above the 10 20 and then goes above. I mean, it's like everything.

[00:45:25]No one offers this.

[00:45:30]But to go back to your point, um, yeah, I don't I don't think I wanted to connect like a brokerage. I I can only see problems with that.

[00:45:48]Uh, do you have thoughts on futurec.com?

[00:45:53]I was never a fan of the Kronos chain even when they were they were kind of like Robin Hood chain when they came out. Very hot with all these memes and it just died out and no one talks about it. There's I don't know anything that's popular on Kronos chain and I don't think Crypto.com really talks about it.

[00:46:09]Now that they don't do massive advertisements, I don't hear about Crypto.com at all. Among the top exchanges, Crypto.com name never comes out. and they were doing deals with with uh with Trump. They were supposed to release all these ETFs and I don't know if they did or not because no one ever talks about it. Like they partnered with World Liby Financial and they're going to release all these like Bitcoin related or cryptoreated ETFs. I don't even know if that happened.

[00:46:38]Let's find out.

[00:47:08]Nope. No, they did not.

[00:47:17]uh they have been heavily involved with ETF partnership and infrastructure.

[00:47:23]Crypto.com partner with Trump media to power their ETF offerings providing back-end technology customing cryptocurrency. Uh they partner with 21 shares and launch a CRO uh native token trust and ETF product. Um, Crypto.com expand into offering stock and ETF trading on their platform, but these are thirdparty ETFs, not proprietary Crypto.com branded crypto ETFs.

[00:47:48]Yeah. So, I guess not. They just partner with Trump Media. The broader ETF market have seen major players like T-roll price and Fidelity and iShares launch spot bitcoin ETFs but crypto.com strategy appears focused on infrastructure provider and trading venue rather than ETF issuer themselves.

[00:48:09]So the answer is no.

[00:48:36]There's talks that US is banning Chinese memory chips. Might be good news. I don't know. There's a lot of talks about everything. There's a lot of talks about, this is the funny thing, there's a lot of talks about China banning their AI models from the west.

[00:48:53]So, right now, competition is great.

[00:48:56]Okay. Okay. But there's no doubt what the Chinese AI makers do is use the American ones and distill them. Which means that they ask them like a crazy million questions uh and get all their answers and then that teaches the AI models of China how the American models think. Okay. So that process called distillate distillation.

[00:49:21]Um and there's a ton of that. So a lot of people think the the new one like Kimmy is basically distilled from Opus and Fable, right? But one thing's for sure is they're offering most of these Chinese a open way models. They are open source.

[00:49:38]So once they come out with it, you can download and run it yourself if you have the infrastructure. And two, they usually offer them at such an incredible low price. It forces American companies like Anthropics Claude and OpenAI's GPT to lower their prices. So what's been happening has been good overall, but if either side bans the other side, then it's going to make things complex. So competition actually has been really good for the AI space.

[00:50:11]Really good. Especially as a builder, especially one that for someone that's actually using it because it, you know, it forces them to make come out with better ones faster, cheaper, and uh offer more utility and you know just keeps on going as they try to leap leap step each other or leaprog each other.

[00:50:34]But um but if you know all of a sudden let's say China bans this open way models from the US we can't get it then it makes it less competitive here in the US um it's not good for consumers. So I don't know there's a lot of talks about that. I don't know if anyone's going to really ban anything from any side.

[00:50:56]Everyone loses in that case.

[00:51:14]One more dip below 60 and then go. I don't know. I don't know if that's actually going to happen right now. It would actually be a good Oh my god, the US market is turning around. Micron just turned positive. It was at minus like six or 8% to open the day.

[00:51:34]SCR five memberships. Thank you.

[00:51:38]HP up 2%.

[00:51:41]Some things are starting to turn green, guys.

[00:51:44]So that's awesome.

[00:51:51]And thank you for the five gifted memberships.

[00:52:05]Josh got a membership even though he doesn't need one or deserve one.

[00:52:10]I'm just kidding.

[00:52:34]Anyone uh anyone talking on X? Yeah, there's like two guys, three guys on X.

[00:53:00]Pretty quiet on X.

[00:53:03]I've been streaming on X recently, but it doesn't seem like it really helps.

[00:53:11]Maybe because I started so late. Maybe I should start the show earlier.

[00:53:25]Allan got a membership. Oh, no. He had a membership.

[00:53:38]All right, guys. I'll let you guys go.

[00:53:41]Overall, today we started out with a blood bath led by Asia. Can we turn things around? I don't know. It's uncertain at this point.

[00:53:53]We're still minus 300 for NASDAQ, but a certain few have turned around and Bitcoin is trying to stay strong. and come back up. Hopefully it can. We're not that far off from last night, so that's a really good thing. But overall, obviously, we have a lot of scary things happening in this space, right? War continues.

[00:54:17]Asia is getting liquidated left and right. Seems like 10% of the population is facing margin calls, which is crazy, right? And there's a minor sell-off with tech, but there are still great things happening in this space. Long-term holders are still accumulating. All these institutions are not exiting. In fact, they're putting more time and money and effort into crypto. So, that should tell you something, right? just like me with asslash, the greatest crypto intelligence platform there is. I really mean that. If you can find one that has more intelligence built in, you tell me because one doesn't exist and it's basically free for everyone with some limits. And there are subscriptions that hopefully that you guys do subscribe so I could use that revenue to grow and to help clash. But even if you don't, I still still want you guys to use it. All right, guys. That is it. Smash the like, subscribe to the channel. Have a good one. Take care. Bye-bye.