Clarity Act PUMPING These Altcoins (List Revealed)

Added: 2026-05-12

[00:00:00]Which one's the best crypto asset? Best crypto asset. Which one's the best crypto asset? Best crypto asset. Which one's the best? Which one's the best?

[00:00:10]Which one's the best? Which one? Which one's the best? Which one's the best?

[00:00:13]Which one's the best? Which one's the best? Which one's the best? Which one's the best? Which one's the best? Which one?

[00:00:22]What's the second best?

[00:00:32]>> This is Discover Crypto. Major show for you today. We have finally major news on the Clarity Act. We're going to give a list of altcoins. We're also going to look at a couple crypto stocks. Who is going to benefit from this legislation?

[00:00:43]We have all of the details. There is a midnight push to get this bill closer to Trump's desk. And I'm joined here with Drew. We're gonna look at gas prices. We got the inflation numbers. Drew, how are you doing today?

[00:00:55]>> Doing well. Got my tractor fixed last night, Dezy. So, a new man. A new man.

[00:00:59]>> Next thing coming is a country song >> probably. Yeah, it was it was tormenting my soul having that thing down. So, feeling good. Uh nice to see us bounce this morning, but uh Bitcoin's trying to go back into the 70s right now. It's a little scary. So, we'll see if we can hold >> Let's just go to the charts here. You know, we have our parallel range that we established a while ago for Bitcoin.

[00:01:22]Don't have the 200 day moving average.

[00:01:23]So, I can pull that up as well for you folks here. So, hard to see with this gray text here. I think it is this one.

[00:01:30]We're going to hit right click. No, that's the 50 and the 20. So, excuse me as I'm just a little blind here. Got these lights. There it goes. There it goes. 200 day. You can see right here, Bitcoin rejected off of that yesterday.

[00:01:43]Put out a video talking about the 200 day moving average. how you need to pay attention to this level. Drew wick to it. I mean, we can measure this. This is incredibly close >> to the 200 day. Looks like yesterday we wicked as high as 82 360 and it was right at 82570.

[00:02:01]So, couple hundred bucks away. End up getting rejected now. Firmly within the range right here. And the daily open right there at the top of the range.

[00:02:09]Let's go to the 1 hour. Let's check the RSI. Where are we seeing Bitcoin heading in the immediate term? starting to get maybe a little bit of point 2 where we might see a little bit of a bounce starting to see the RSI start to rebound as it's hitting oversold and when you're below this dotted line that is technically oversold that is a 30 on the relative strength index and it looks like we got as low as 34 35 so pretty close if you look what happened last time Drew though we love talking about these bullish divergences before we saw the reversal see the RSI heading higher as the price heads lower can normally only happen for a short amount of time before the price starts to catch up. And now we're starting to see Bitcoin maybe trying to recover from this area. We have some major altcoins that are winning off this clarity news and we're going to get into it in a second here.

[00:02:58]But Drew, before we get into, you know, revealing who's gaining today, who's up, off the top of your head, what's an altcoin you want to have if we can see the Clarity Act pass? What's one that needs to be in someone's portfolio?

[00:03:11]>> I would say Canton. I would say Canton, right? It's a sneaky sneaky one that we've been covering for a while.

[00:03:17]>> Um, and also that 200 day moving average that you brought up, isn't that where Ben Cowan said we're going to find >> our breakdown point at that 200 day moving average? I remember I was seeing >> Well, he talked about a bull market resistance band and, you know, how we need to flip it into support. I don't know if he made any, you know, exact predictions on where it's going to be heading, but yeah, you can see it right here. I mean, we can look at the the previous instances. I like the the 400 day moving average. And a way you could do that, you just keep the 200, go from one day to two day. This gives you a little bit more cleaner data.

[00:03:52]And boom. Here we go. Yeah, you can see just nice nice rejection. Is this day?

[00:03:58]Yeah, looks like it didn't even move for me.

[00:04:02]Okay, there you go. I was wondering if I have a little uh is Trading View having some issues today, but yeah, you can see Bitcoin just, you know, firmly rejecting. Looking at the winners though, who do we have winning? Sky AI still down. Still down. I remember do you remember when it was peaking and it was like up and down violent swings?

[00:04:20]We're talking about the violent swings there. Uh we are now getting very close to those levels. So even if you bought the top, you're getting pretty close to a break even. This was the the move to the downside. I think we covered both of these moves. Like be careful. We even talked about shorts can get wrecked here. Uh, it was as high as about 75 cents, 80 cents and now getting close.

[00:04:41]Drew, it's traing right around 56 cents here for Sky AI. You talked about Canton, I believe. Canton also one of the big winners here that we're seeing stables up. Kronos is up. Canton right here. Canton a 2.6% pump. Midnight also pumping. We're going to look at the midnight chart here. Maybe we'll pull up the Canton chart because a lot of these moves coming down exactly as we predicted here. I think I have the night chart. Uh, no. I do have XRP. You ready to look at XRP?

[00:05:07]>> Oh, every day.

[00:05:08]>> Look at this.

[00:05:09]>> Every day.

[00:05:10]>> Falling down below into the range back into the symmetrical triangle.

[00:05:14]>> Okay.

[00:05:14]>> And we do have a target to the upside to the downside. Not saying it has to hit these levels, but often times when you're in a symmetrical triangle, you can find a pretty good target there. And XRP trying to lose its bullishness was holding this line when I was looking early this morning. Now it's falling down below. So, I would look for the next level of support for XRP right around a $139 if if you're still holding it or if you're looking for a trade here. Oh, I'd be careful shorting it here, though.

[00:05:40]>> If Bitcoin loses 80 and starts going back down into the 70s, I mean, a lot of these alts are going to lose their their bullish floors that they've been building up on this runup, right? And so, Bitcoin, >> yeah, right here at that wick low, >> right? I mean, we're running into that resistance point. And if we do fall back into that range, a lot of the alts that have been trying to break out are going to come back down to pretty good entry points, which is good for me in terms of, you know, time to accumulate. And I was planning to have more time in a bare market. Um, so a reasonable rejection from that 84 83 volume node makes sense to me. But, uh, you know, some of the the altcoin winners, I noticed a lot of that list of the altcoin winners are new coins. Um, things that are kind of fresh to the market. Uh, a lot of the old school altcoins are the ones that I'm sitting here waiting like when are they going to find their breakout point? But at least Bitcoin's fighting. It's trying to fight for its right to party right now.

[00:06:38]>> Yeah, I was talking about the 200 day on the two-day. I had the 200 day metric pulled up, not the 200 candle metric pulled up. So, it is going to be a little bit of difference. This is the real 400 day moving average. This has been giving us really clean signals. You see, for a while here. So, this is act as very strong support, very strong resistance there. And the level right now for the 400 day moving average 86,380.

[00:07:01]That's kind of where we're looking for some potential targets. Do want to show a couple other altcoins. Talking about this area right here, how we're possibly going to get rejected. did get rejected.

[00:07:11]You're looking all right, where do we see some bullishness for ETH? I would continue out the parallel range here. If it happens over the next couple days, you're looking at 2130 2150 potentially for area for ETH. And you also have this down below. So, if we lose the range, this would be the next level. And if we lose that range, I would be looking at this long-term uh support here going all the way back to June of 22. There might be another level for ETH to test if Drew, you know what you're saying. If Bitcoin breaks down, these are the levels I'm expecting. Now, we talked about some altcoins. How about Circle?

[00:07:45]We gave you some calls on Circle. Said, "I'm neutral. If you if you want some circle exposure, wait for accumulation into the red zone." Drew, we wicked into the red zone yesterday. So, hopefully some of you folks were able to jump in on this trade. Uh, you're Whoa, that's actually a little bit more than I would have guessed. Up 20%.

[00:08:03]>> Yeah.

[00:08:03]>> And at 1.35% for a stock. That is nuts.

[00:08:07]>> Yeah. the morning uh yesterday.

[00:08:09]>> I should have got some. I didn't realize it even got my zone.

[00:08:11]>> Yeah, it pumped by like 7% in the blink of an eye at market open yesterday and it totally like there's something going on with the clarity act.

[00:08:19]>> Yeah, we're going to cover the details.

[00:08:21]We got a whole it's almost a a I don't want to say a playbyplay by Elellanar Terret because she started posting about this like 11 p.m. at night posting into the wee hours of the morning. Mhm. Yeah.

[00:08:32]I mean, there's a lot we should be uh kind of peeling back and figuring out about this clarity act because something is happening legislatively that's causing that candle from yesterday. I mean, things don't move on the stock market by seven 8% in the span of 10 minutes and less something huge on the insider uh crew is happening, right? So, >> someone say, "Wait a minute, circles and altcoin." I think it was Steo. You can get tokenized shares. So, yeah, technically. Yeah, he should know that he's you go check your Phantom wallet.

[00:09:03]He's I think he's messing with us.

[00:09:04]>> Yeah, >> this is actually one of the the few real ones you can get actual tokenized shares on.

[00:09:10]>> Absolutely. Salana's been up to some stuff, too. We're going to We got to cover the uh other things Salana's hinting at here. It reminds me of the Salana shoes and shoes.

[00:09:19]>> All right, let's let's do the Salana.

[00:09:20]We'll reveal the Salana product. It reminds us of shoes. It reminds me of the phone. There's a new Salana product that Salana is going to try to sell you.

[00:09:29]Then we'll look at the Salana charts.

[00:09:30]First, let's go to the Clarity Act news.

[00:09:32]Then we'll talk about Salana. Also want to show you the Salana charts. There's something in there I want to share. This is Ellanar Terret 11 p.m. 11:14 p.m.

[00:09:40]last night. As we wait for the text to be released on this Clarity Act, here's a look at what's expected to have changed. New version includes stable coin yield compromise. This is, you know, two senators on the forefront of this. Also Coinbase CEO, uh, you know, concerns that he was pointing out. Also another core concern was language around a particular section tokenization section. That language is now said to be in a better place. This was going to be in regards to tokenized equities. Major exchanges are now backing the updated version. Also section 1960, this was going to protect software developers from being classified as money transmitters. So, this should be able to, you know, preserve law enforcement's ability to pursue bad actors, but you won't get thrown in jail if you operate a unis swap trading pool or an aerodyome trading pool or you're creating a perpetuals on Hyperlid. What could stay the same? The January version only included one or two references to ethics and conflicts of interest. Drew, do you remember the main focal uh point of the ethics provision?

[00:10:44]>> Uh, wasn't it world liberty? Just Trump.

[00:10:48]Yeah.

[00:10:48]>> Yeah. World. World li mean coins >> plus American Bitcoin >> plus USD1 >> plus Melania token, you know.

[00:10:58]>> Yeah.

[00:10:59]>> Plus the Trump NFTs. I forgot I have a Trump >> Aaron Salana wallet, you know.

[00:11:05]>> I actually got to go check my Trump NFT to see if they're worth anything. But uh you know. Well, despite some committee Democrats reportedly being hesitant to back the bill without stronger ethics provisions, it remains unclear whether any new language will be ultimately added or released separately later on.

[00:11:20]We're going to cover uh the different aspects there. She actually posted 1 hour later, just in this at midnight, right? 12:22 a.m. They just released the 309 page draft of the Clarity Act been working on since January. Committee members now have until the close of business tomorrow to file amendments.

[00:11:38]So, the close of business, I'm assuming she means Monday, even though it is midnight. So, I'm assuming close of business today. Then we have this breaking this morning. This was about 1 hour before this is about an hour ago here. Likely not an insignificant meeting on ethics this morning talking about the Trump provision. That's just what I'm going to call it here. could offer an early indication where the senator is going to be uh Arizona senator here and committee Democrats land ahead of Thursday's vote. Drew, you got to be careful. But those Republican Arizona uh senators there, >> they're mavericks.

[00:12:14]>> Yeah, they are mavericks. Um you know, I really uh I just have a gut feeling that DeFi is going to be taking a hit right now. I in terms of >> Well, I would disagree cuz Circle is pumping.

[00:12:28]>> That's That's a good point.

[00:12:30]>> So, actually, you know what? Maybe stable coins is good. Maybe DeFi could be bad. So, maybe there is a little bit of both. Maybe we're both right here.

[00:12:36]>> I'm worried about the, you know, the open field of high yield and and the chaos of DeFi.

[00:12:43]>> 20% yield should just be risk-f free, right? Risk- free.

[00:12:47]>> How about 11.5%. I love risk and I love a competitive market and I love uh you know there's a level of yield that makes me go queasy. It's basically when I see something over 20%.

[00:13:00]>> Do you remember like your first month in crypto and it's going to be different time periods for different people but you're like 300%. I like it.

[00:13:06]>> Yes. Absolutely. Absolutely. And then you learn your lesson, right? Because then you >> you're like wait a minute I am getting a whole bunch of this altcoin but why is the altcoin going down so fast?

[00:13:16]>> It's basically like getting a bunch of shroo bucks, right? So if it's 300% >> I like them Stanley nickels.

[00:13:21]>> The Stanley nickels are good.

[00:13:23]>> Hard currency there.

[00:13:24]>> These are lessons that we all must learn though. And if we don't have a place to learn them and everything gets leveled out at 4% 3%. Treasuries will outpace us at that point. So >> folks, if you do want to find the actual clarity text, uh just go to my account here. I actually posted it only 165 views. So I don't think too many people are wanting to find I was scouring X trying to find the the text the actual government link. Not a single person posted. I posted it. It's like, yeah, it's hundreds of pages. We're not reading that, Dy. We don't want anything to do with that. Still waiting for people to break it down. I'm not going to pretend I read all 309 pages. Drew, I know they can get mad at me, you know, maybe they're going to like yell at me in the comments here. I didn't have time to read it. I am going to try to brush up on some of it. Maybe use AI. Put out a video tonight here. But Clarity Act unveiled by the Senate Banking Committee. Remember, there's a couple committees we're worried about. the banking committee and the a committee, not Texas&M Aggies, this agriculture here. Legislation that could fully insert the US crypto industry into the regulated financial system has emerged in its latest form. This isn't even my final form. This might be though with the Senate Banking Committee unveiling the market structure bills text just after midnight on Tuesdays in advance of this week's hearing that is set to push the effort forward.

[00:14:41]It includes still contentious language on stable coin yield, maintains legal protections for DeFi developers, keeping that corner of the crypto sector happy so far in parenthesis there. While an approval in the committee would mark a major long styi step forward, the bill's arrival on Trump's desk is far from assured. Action this week could keep the possibility of passage alive, though although a number of hurdles remain, including the insertion of an ethics provision that isn't yet present in this draft, including the Trump provision. I think there's going to be Democrats that are going to fight on this. What are the numbers looking like here? So, the conflict of interest section that would theoretically limit government officials, Trump, that's the main focal point here, from profiting from the crypto industry is not under the jurisdiction of the banking panel. So the topic has to get into the legislation later been a contentious issue because it's genesis because this was created in Donald Trump's own wide ranging crypto interests. But White House officials have repeatedly said they wouldn't tolerate a bill that targets the president. So, if there's a provision in there that says we're going after politicians that have a DeFi company, they have a memecoin, that have a stable coin, that have, you know, I mean, then you could throw in DJT, they have Bitcoin on their balance sheet here, anything that targets aka Trump.

[00:16:01]Trump is not going to sign that, Drew.

[00:16:04]>> Paragraph 3 says they're coming they're coming after you.

[00:16:07]>> No, he's he's going to rip it he's going to rip it into shreds here. Well, and also like the other aspect of this is, you know, they do make legislation on, you know, what companies are going to be implemented at a government level and they trade on that in the Senate, right?

[00:16:24]You have uh senators taking those trades. And Trump also holds a lot of real estate and there's a lot of real estate moves that the government's been making to hoist up the real estate industries as well. So, where do you kind of draw the line?

[00:16:37]>> Like what? Well, there's a lot of uh use of our tax dollars to keep a certain level of houses off of the market so that you don't have a cascading price decline. Section 8 housing, >> what form is that?

[00:16:50]>> Section 8 housing plays into it. Trans >> local though, right?

[00:16:53]>> No. Well, it's done on a national scale.

[00:16:56]Um section 8 housing has been a big one that like Black Rock aka Black Stone's been layering into and Printier Partners with literal government funds. So, it's where do you kind of draw the line on, you know, the conflict of interest? Like I am aggravated with the Trump memecoin and all those things for sure. Um, but then, you know, this partisanship might stop out any sort of actual movement or progress being made if it's just turned into this poop flinging contest. You know what I mean? That's that's where I kind of get concerned at the >> Here's my take on it. There's every Democrat is going to say, "We're not signing it unless there's the Trump provision." And what's going to have to happen is the banking industry will want it bad enough they will >> persuade five Democrats to jump ship.

[00:17:48]>> Yeah.

[00:17:48]>> Okay. Okay. That's a reasonable take.

[00:17:50]That's a reasonable take. Um Yeah. I mean, there's obviously you got to have a certain level of decorum and and barriers around >> Yeah. We got to make it and I hate I'm not saying this. This is a bad thing.

[00:18:02]So, let me just go ahead and say that we got to make it where banks want it bad enough they'll convince Democrats to sign the bill.

[00:18:09]>> Okay.

[00:18:09]>> That's the only thing that's really going to push the ball across the I was going to say finish line, the across the to the red zone.

[00:18:15]>> Yeah. And so, what would that be? What would cause banks to just >> let us keep the yield?

[00:18:22]>> Let us keep the yield.

[00:18:23]>> Yeah. Don't let Coinbase offer the yield so only we can.

[00:18:26]>> That's a good point. That's a >> Ton O'Brien said on the Simpsons, only I may dance.

[00:18:30]>> I like that. I like that angle >> reference there. All right, let's uh finish this article real quick.

[00:18:35]Meanwhile, Democrats won't allow the bill to move on without such a section.

[00:18:38]Kristen Gillibrand said just last week in Miami, the committee's ranking Democrat, the lead Democrat on this, Senator Elizabeth Warren, she made a clear ethics point is a priority. We must have it. Now, the 309page bill so far, the text in itcludes a patch of policy ground over which lobbyists spent months fighting. The question regarding what type of yield would be acceptable for stable coins. It restricts the interest or restricts the payment of interest or yield solely in connection with the holding of a payment stable coin. So passive account on Coinbase Crypto.com will not count. So that's what they're going to want.

[00:19:15]>> You think that'll cause outflows on Coinbase? uh the assets that people leave there and they might uh you know actually do a bank uh instead of a bank run like a bank fomo in like >> well so when I look at Coinbase and the yield that's available on there there is pretty good incentive to leave your funds on there because you earn four maybe 5% in some instances >> yeah isn't it just the proof of staking chains though >> yes they just give you that >> it is it is um you know But then when you spend with the Coinbase card, you act you earn as well when you're spending with the Coinbase card. I don't know this the amount, but you do earn as you're using the Coinbase card if you're actively buying things of crypto. So I wonder if you know I haven't seen a massive outflow of banks. I wonder if this is even going to change anything about you know who's leaving their money in banks or who's leaving their money on exchanges cuz I kind of don't leave money in either. like my stuff stays in cold storage until I need it, you know, kind of thing.

[00:20:17]>> I think the banks are happy with the current iteration and we know that because who walked away from this? Brian Armstrong from Coinbase.

[00:20:25]>> So why would Brian Armstrong walk away?

[00:20:27]He would walk away because the text makes the banks happy.

[00:20:31]>> Yeah.

[00:20:31]>> So when you see him not supporting it, I'm assuming, you know, we're kind of putting the little dots together here.

[00:20:37]I'm assuming the banks are like rubbing their hands with the current version. I shouldn't do that. That's a bad trope.

[00:20:42]Let's go back to the article here. Uh the White House I'm just going to move.

[00:20:47]Whit said last week, this is Patrick Whit from the White House. He said last week the administration is aiming for a Fourth of July finish for the Clarity Act on the 250th birthday. Though Senator Gillibrand predicted first week of August. I am sick to death of these predictions here. I remember hearing December like that was going to be a real thing. Before then, negotiators still have some work to do on the bill after advances beyond the committee.

[00:21:10]Assuming the Clarity Act gets a nod from the panel, still needs to be merged with the version from the AD committee. Then where do we go from there? They still need to resolve the conflict of interest provision. The Trump provision, that's just what I'm calling it at this point before a final version is likely to be available for a vote where 60 yeses are going to be needed necessarily including a significant number of Democrats. So, we're going to have to get a handful of Democrats on board. That's the only way we're going to see this on Trump's desk.

[00:21:38]The only way Trump's gonna sign it is if the Trump provision is not included. So, they're gonna have to make Elizabeth Warren very happy.

[00:21:45]>> There's no way to make that woman happy.

[00:21:47]This is >> a speaking gig, >> huh?

[00:21:50]>> Give her a speaking gig for $200,000 that she could do from Zoom.

[00:21:54]>> Maybe >> probably make her happy.

[00:21:55]>> Yeah, probably. But, um, would she ever >> put Elon in the gallow, she'd be happy, I guess.

[00:22:01]>> I just could never imagine her backing off of her war path against Trump. I couldn't like 200k. I don't even know if that would get her off of that hill.

[00:22:10]>> Was it the Pocahontas thing?

[00:22:11]>> Yeah. I mean, she's a woman scorned, you know? She's a woman scorned and she's in her later years.

[00:22:16]>> She's read with anger, not read from her Cherokee heritage.

[00:22:20]>> If you think about like a Karen final boss, that's Elizabeth Warren.

[00:22:24]>> I shouldn't have said that. Let's move on. Man, you guys are pushing me to the edge here. Uh, let's see. All right, so 6 I give a 69% chance of passing. 67% chance of passing. Elizabeth Warren's lover is the biggest bank lobbyist in the country.

[00:22:40]She's not married. I guess it makes sense.

[00:22:43]>> Later years just floundering around with some lover, some fling. Nice. I'll look it up in the background.

[00:22:50]>> She's getting her groove back. That's all I see here. Uh let's talk about Bitcoin for a second. Bitcoin about to see a golden cross. First time since 2023. What is the golden cross metric that we're looking at here? MVRV, the market value to realize value. to indicator the measures whether assets overvalued. It's about to print a golden cross. This has previously preceded massive rallies according to a crypto quant analyst. I don't like going to the whole article when people are just biting a a post here. So, we just go straight to the post. A golden cross is happening on the MVRV ratio and the 200day EMA line. It is imminent. This is a representative trend reversal signal is a bullish indicator. This is a good indicator. Gold cross is about to occur again following the dead cross last August. Another bullish signal for Bitcoin is appearing in the MVRV indicator. Let's blow up this picture here.

[00:23:41]This is actually pretty big already.

[00:23:42]Yeah. Uh let's see. So you can see it here. The red line. I'm zooming in so hard because the red line's a little bit faint. So the 200 day EMA, you see this MVRV going above it. You go just straight up.

[00:23:56]Nice bull rally for Bitcoin. fell slightly below. You go straight up. Nice bull rally for Bitcoin. Let's go to where we're at. Let's see it now. Drum roll, please.

[00:24:08]>> Looking pretty good, Drew. That is looking pretty good.

[00:24:10]>> Okay. And just to clarify, she is married to a n man named Bruce Man.

[00:24:15]>> I thought she was. I wasn't sure.

[00:24:17]>> Cuz I pine after her.

[00:24:18]>> Yeah, she's married. She's got three grandchildren and she's got a golden retriever. So, seems pretty happy.

[00:24:24]>> I figured she'd be a cat lady. Is that wrong to assume? She struck me as a cat lady, but you know, Golden Retriever also fits the bill. So, >> if she wasn't a politician, I bet she would be a cat lady. I think she got a dog because it's like more constituents like dogs.

[00:24:39]>> That's true. Um, my dog's almost got in a fight with the cops this weekend. Did I tell you about this?

[00:24:45]>> Your dog almost got in a fight with the cops?

[00:24:47]>> Yeah, the my dogs >> Your dog had boxing gloves on and switchblade or >> No. And the cops were really cool. Like they didn't light my dogs up or nothing like that, but um >> they could have.

[00:24:58]>> They could have. They definitely And I thank them for not doing so. But I did say, >> "Is your dog off leash?"

[00:25:03]>> Yes.

[00:25:03]>> Well, then it's your fault.

[00:25:04]>> No, it's not my property.

[00:25:06]>> Yes, it is. If the dog's off leash, the owner is at fault. Period. It's on my property. They're there to protect.

[00:25:11]>> Period. If a child picks up hot coffee and pours it on its face, do you blame the child, the baby, or do you blame the parent leaving hot coffee? Do they have a version of a leash where it's an electronic collar that lets them go a certain perimeter around the house?

[00:25:26]>> Mhm.

[00:25:26]>> So, you know, tech.

[00:25:28]>> And you did do the due diligence and you allowed them to cross the threshold.

[00:25:31]>> No, they didn't cross the threshold.

[00:25:32]They just didn't let the cops onto my property. And so, the cops were just like waiting on the side of the road like at the entryway like, "Hey, can we come in?" Stuff like that. They're good boys. And I told the cops if they did shoot them, I would just go buy three more just like them. And they left. So, we all get along.

[00:25:47]>> All right. I I'll give you that. It wasn't on leash, but it was within its electric cage.

[00:25:52]>> I am curious about that.

[00:25:53]>> That kind of counts as on leash.

[00:25:54]>> It's an electric cage.

[00:25:55]>> It's kind of on the leash, then. I'll give you that. I'll give you that >> a little bit, but >> I'll walk I'll walk it back. I'll walk it back, dog. Uh, dogs doing what they're supposed to do. Yeah. I mean, they're just protecting the homestead, man.

[00:26:05]>> It seems like the chat agrees with me, too. Electronic leash is still a leash.

[00:26:08]Okay.

[00:26:09]>> Yeah, electric fence is a leash. I I I'll walk that back. I didn't realize you had an electric fence. Have you tried it? Have you wore it? Uh, I put it on my hand and went past the thing and it is not fun. It is not fun. It is a wakeup call.

[00:26:21]>> How much in Bitcoin would it take for you to put it around your neck and sprint past the thing?

[00:26:26]>> Would you do it for like $1,000 worth of Bitcoin?

[00:26:29]>> No. Two Bitcoin to do that. Two Bitcoin.

[00:26:31]>> You wouldn't do it for one Bitcoin?

[00:26:33]>> No. That >> Yeah, you better. You got children.

[00:26:36]>> No. No. No.

[00:26:37]>> You don't want to give your children a quarter Bitcoin. Sorry. Dad could have gave you a quarter Bitcoin. And Bitcoin's a million dollars a year, but I didn't want to run with a thing on my neck. So >> that thing lights him up.

[00:26:46]>> How you have to work for the rest of your life.

[00:26:47]>> He's a Cane Corso and he doesn't want to mess with it. And he's got fur between it. You know what I mean? I'm not messing with that for two Bitcoin. Sure.

[00:26:55]Two Bitcoin. Sure.

[00:26:56]>> I do it for one ETH. No, I'm just kidding. I do for one Salana. All right, let's talk about Bitcoin here. Marathon, what are they doing? Selling their Bitcoin. No, no, no, no. They sold $1.5 billion worth of Bitcoin, including 1.1 near the quarter N repurchase convertible nodes, aka uh you know, pay down to debt, fell from second to fourth largest public Bitcoin treasury holder.

[00:27:21]90% of their non-hosted mining capacity could eventually be used for AI and IT infrastructure, a company said. So besides what they have, you know, as far as internal mining operations, they're about to slash it by 90%. True.

[00:27:35]>> This is not great in the long run for Bitcoin's price. Because one of the things that makes Bitcoins more expensive or Bitcoin more expensive is the cost of production. If it costs you $100,000 to produce it, hey, you don't want to sell it for 90. You don't want to sell it for 80. But if no one's mining Bitcoin, all of a sudden that cost of production lowers and lowers and lowers, then it makes it more attractive for the miners to dump at cheaper and cheaper and cheaper prices. And so, this is definitely bearish headwind.

[00:28:04]>> Yeah. a lot of pivots to AI, right? A lot of pivots to AI is what I'm seeing with this hardware. Um, and you know, if I were to sit here and call AI a fad, I would look like an idiot 10 years from now. So, I'm not going to say it's a fad. Um, >> I mean, I panicked about AI almost a decade ago and like dropped out of accounting because I thought AI was going to replace my job and it's right around the corner and >> I was like eight years too early, nine years too early. is assured is it's about to happen.

[00:28:35]>> I think having like a healthy understanding of what you can do and how you can leverage AI, but then also being able to do oversight on AI is kind of that sweet spot that, you know, whatever profession we're in, you need to land in to stay on top of the pile, right?

[00:28:51]Because if if you're just completely ignoring it, you're going to be left left behind. I think so. So understanding it, it's just a matter of like how many of these Bitcoin mining companies are going to pivot to AI over the next few years and then come back to Bitcoin at near all-time highs again a few years from now, right? That's what my mind goes to. But um interesting season, interesting season seeing the pivot right now.

[00:29:16]>> 100%. Uh let's see here. Uh Crow on the list. Yeah, Crow definitely going to be a winner from this stablecoin thing. I mean, we're still waiting. This is just kind of what we saw pushed at like midnight last night. 309 pages. So give basically a lot of these companies time to digest the news cuz there's going to be a lot of fancy legal ease so they could kind of squeak things by regulators, squeak things by lawyers and stuff. Uh have a ETH. Look at this.

[00:29:44]Let's let's FUD ETH for a bit, Drew.

[00:29:47]Having a ETH in your name in 2026 is like having a fax number on your business card. Bold. Bold.

[00:29:53]>> That's brutal. That's brutal.

[00:29:55]>> Yeah.

[00:29:56]>> Remember when these were selling for like a million dollars? Like PepsiE, New York Yankees.

[00:30:02]>> Some of the maddening part about it too is like ETH hasn't lost stable coin value. It hasn't lost the narrative. if it doesn't have an identity crisis like RWAs and stable coins and a lot of things that are seeing good general market growth are going up and ETH just stays at $2,300 like even when things are bullish right now. It's one of the more maddening things. Um you know I can't imagine how Tom ETH uh Tom Lee feels. I almost called him Tommy.

[00:30:34]>> We're going to talk about Bitmine in a little bit. That's his company. How's the back feeling? Back is better back video. Oh, remember I threw it out like 3 weeks ago.

[00:30:41]>> Oh, yeah. Yeah. Yeah.

[00:30:42]>> I was on the ground for hours, I think.

[00:30:45]I couldn't get up.

[00:30:46]>> Yeah. Okay. Well, I'm glad you're feeling better. I'm I'm glad you're feeling better. I almost died cutting a tree down this weekend.

[00:30:52]>> If anybody any of the viewers, I know it's totally random. If you have back issues, just DM me on X and I will save your life. I I will change your life with one video. It certainly saved me.

[00:31:01]All right, let's talk about Bitmine.

[00:31:03]Speaking of Tom Lee here, Bitmine slows ETH buys, but they still target owning 5% of all Ethereum by the end of the year here. And they slowed the pace after previously increasing the buying rate and acquiring more than a 100,000 over the last 3 weeks. But now they're slowing it down and they only got 26,000 only 26,000 down from the over 100,000 a week it was previously maintaining.

[00:31:27]still on track for its goal by 5% of the circulating supply by the end of the year.

[00:31:33]>> If they kept their 100,000 a week, they would have had it by mid July.

[00:31:38]>> Really? Okay.

[00:31:39]>> Which is wild to think about. Okay.

[00:31:41]>> Michael Sailor's like at 3%.

[00:31:43]>> Eventually trying to climb to 4% here.

[00:31:46]>> Pretty close actually, >> right?

[00:31:47]>> 4%.

[00:31:48]>> And so them having 5% of all ETH, pretty nuts. Their total staked ETH stands at 4.7 million tokens and they estimate its annual staking rewards will be roughly 352 million once its entire stash is staked. One thing I don't like about this, they're kind of loose with the language, they stay away from particulars, but when you dive into their quarterly filings, seems like they're using this to just dump the token.

[00:32:13]>> Yeah, I mean >> I guess fineish. Sure. I mean that's I guess the whole point. But once you have your 5% And it's just okay that's removed. You're still creating a lot of selling pressure because a lot of the people they stake their ETH and they kind of acrue it and they let it compound, right?

[00:32:30]>> Doesn't seem like Bitmine wants the compounding strategy.

[00:32:32]>> Well, and just the concentration point of anyone holding 5% of Ethereum or Bitcoin makes me feel a little bit, you know, gross like that basically paints a target on their back as far as the asset. And Ethereum is already having a hard enough time, you know, uh it's setting higher lows in a macro sense, but you know, it definitely should have broken to the top of that range. It's the second biggest crypto.

[00:32:56]>> I'm not the biggest fan of it rejecting from our level like that. I guess I got to start keep running this out.

[00:33:01]>> Not looking good, you know. So, um I'm sure Tom Lee, if he is able to hold ETH into, you know, the next iteration of an actual bull market, he'll be fine, you know. And that >> did you get a short in? I did not get the short in. I should have shorted this.

[00:33:16]>> I know. I know. And we got to pay attention to that channel, you know, as it comes back.

[00:33:20]>> I feel like too many things happen like 3:00 a.m.

[00:33:23]>> Yeah, most of them do, right? Most of them do.

[00:33:26]>> All right. So, it's got the accurate time. That's 10 a.m. candle. Okay. Yeah, that's 1000 p.m. right here. This is 10 p.m.

[00:33:33]>> I'm a I wake up early, so I'm I'm winding down by that point here.

[00:33:37]>> That's where all the fun happens. That's 4:00 a.m. I mean, yeah, it's it's weird hours when it does all the exciting stuff.

[00:33:43]>> Yeah, I did catch the VVV alltime high yesterday on a long yesterday, which is pretty fun, but it's pulling back now. I know the boomer, he did he rarely gives me insight or his opinion on on projects, but he did say he's looking around 11 12 cents potential vibe check on this one. So, yeah, we're going to see if it can hold these high levels.

[00:34:09]It's been pumping like crazy.

[00:34:11]>> Got some pretty brutal uh bear divs on the 4 hour.

[00:34:15]>> That is the most overbought it's ever been, it appears.

[00:34:20]>> Yeah.

[00:34:21]>> Yeah, that's the most overbought it's ever been. Definitely putting in some bare divs.

[00:34:26]>> But with something hot like that, I mean, you can That's only the 4 hour 3 days where it's like, all right, this has to reverse. One day, it's very, very strong chances it's going to reverse. 4 hours it can keep creating 4 hour bear divs and you're just like when will it stop and it'll just keep going and going and going. I mean 4 hours fits into 3 days quite a few times there. 18 to be exact. But uh on the daily it's actually not the most oversold it's ever been.

[00:34:50]That kind of adds to the fuel like oh no it it can keep doing bearish divs because look we're not even where we were there. So >> yeah. Yeah.

[00:34:58]>> Ah this one's just tough to trade man.

[00:35:00]Yeah, it was it was fun riding the momentum of it yesterday and you know I could see if it ends up turning into a general head and shoulders pattern that's where I'll start you know kind of feeling out maybe a short and see if I can catch lower levels on it. So interesting project though for sure.

[00:35:16]>> Yeah, for sure. Let's get back to ETH here. ETH bit Bitcoin ratio falls a 10-month low as ETH continues to underperform Bitcoin. On Tuesday it fell to 2.8% 8% the lowest level in 10 months and the weakest reading since July of 2025. Uh the ratio is how many or how much Bitcoin equals one ETH. So if it's just two it means 2% of the value.

[00:35:38]That's why I said 2.8% there. The pair peaked at 8%. In December of 2021 and so if Bitcoin was a 100,000 ETH at that level would be 8,000. It wasn't quite what we got. It was more like the 50,000 and the $4,000 ETH. But this has hit 8% before entering a prolonged multi-year downtrend. Technically, the ratio remains substantially below the 200E EMA, reinforcing the view that ETH remains in a long-term bare market relative to Bitcoin. Let's go to the chart right here. Drew little bit of hope. Little bit of hope. I I did pull up the 200 day moving average. Hold on, let me go right here. Yeah, this 200 day fell below. I mean, maybe we rebound off this parallel range. Maybe you can see it acted as support and gave a little bit of a bull run right when it hit the 200 day moving average which is pretty interesting there that it followed that closely.

[00:36:30]>> I'm I'm not it's not looking good for alts.

[00:36:32]>> Yeah, this riskoff appetite here.

[00:36:34]>> Well, think about in adjusted for inflation Dy ETH hit $4,400 or something like that in the 21 bull market and they printed they basically doubled the money supply since then, right? So, if you adjust for inflation, ETH needs to hit like 7 $8,000 to have like a true >> What do you mean inflation? You're talking about fiat inflation?

[00:36:58]>> Fiat inflation.

[00:36:59]>> What does that have to do with the the Bitcoin ratio, though?

[00:37:01]>> Well, I'm just thinking in terms of like >> Are you talking about the USD chart?

[00:37:04]>> USD chart. Yeah. And obviously, it's it's getting absolutely hammered by Bitcoin, right? Uh the two comparisons are nothing like each other. Like, we feel terrible that Bitcoin fell down to $80,000 right now.

[00:37:18]U but the last bull market the all-time high was 69K and Ethereum was really pumping nicely and ever since then it's just been kind of flat. Like I feel like since the NFT craze died and celebrities aren't showing you $10,000 squiggly lines on their cell phone excited in the club all hopped up on Burger Sugar. It's just changed you know the whole line has just changed. So >> don't talk about Zack Wickoff like that.

[00:37:45]Hence the Trump clause, right? Hence the Trump clause. Daisy, but >> it needs to be a Wickoff clause. Yeah.

[00:37:50]All right, let's talk about Chain Link, everybody. I do think Chain Link. Oh, first Anthropic story and then we'll look at Chain Link here. What just happened? Anthropic's preo valuation just erased 200 billion in 1 hour.

[00:38:04]500 billion then uh was erased from the preo valuation. This is after they released a statement that should make every secondary market investor piss their pants. What are they talking about? Well, it looks like unauthorized stock exposure, it is not going to count as the markets imply a trillion dollar valuation. So, they're the company behind Claude. Anthropic is warning investors that tokenized products claiming to offer access to its private shares may be invalid, escalating a fight whether restricted preo stock can be repackaged for retail. They said any unapproved sale or transfer of its stock or any interest in its stock is void will not be recognized on his books.

[00:38:44]What does this mean? More simply, if you bought a tokenized share of Enthropic IPO shares, it's worth nothing. Now, >> that's pretty sketchy for tokenizing.

[00:38:56]Like Larry Fing said, we're going to tokenize everything within.

[00:38:59]>> There's some that do follow the legal rails.

[00:39:02]>> This was not one of those.

[00:39:03]>> Okay. Okay. So, it just a couple tokenizing processes went outside the legal balance and they're basically being wiped off the valuation map is what you're saying. Okay. Okay.

[00:39:14]>> So, we do not permit special purpose vehicles to acquire anthropic stock or any transfer of shares uh to an SPV are void under our transfer restrictions.

[00:39:23]Offers to invest in past or pre future financing rounds through this are prohibited. That means if someone purports to sell anthropic shares without proper board approval, that transaction is invalid. It add any third party claiming to sell their shares to the general public uh or other mechanisms likely engaged in fraud. And so now people might end up actually going to jail over this. Let's talk about chain link. So yeah, just be very careful trying to buy those tokenized shares of anthropic. They do not want those shares floating around there. We have the digital tra what is digital trust. Depository trust always throw off the D depository trust and clearing corporation will use chain link infrastructure for it blockchainbased collateral management platform. What does this mean? More simple terms. In today's collateral systems, assets are often trapped across institutions and time zones. This I was thinking of an example. A London trader trying to get collateral from the Korean stock market so he could then buy something on the New York Stock Exchange.

[00:40:25]>> He can't do that quickly or easily.

[00:40:27]>> True.

[00:40:28]>> A lot of moving parts there.

[00:40:29]>> This will just make it all very easy.

[00:40:32]It's technology helps connect asset prices, um, you know, settlement instructions, etc. out of there. Let's look at the chain link chart. Look at this. Fell right below. Nice little bounce on our range here. The range we got, you know, we're just kind of connecting the bodies here. Uh the wick there. Run it straight up till you hit the resistance right there. Right here.

[00:40:54]And then you can also see the candle body hit it right there. And then what do you know? This actually acted as support yesterday. Acted as resistance, resistance, smashed through, and now fallen down below. So chain link had a nice bullishness. If you're spot trading this though, maybe you should have got out at the top of the range. So little chain link chart. How about some ICP news?

[00:41:14]>> I know we have some people in our chat.

[00:41:16]Type in ICP if you're still holding it.

[00:41:18]I think 5% of the people still have a little ICP.

[00:41:22]>> Yeah, but they're the loudest in the room, which is important, right? Um and ICP is my favorite vaporware to trade. I made a lot of money in 24 off ICP. Even if it's not like taking over the internet, it it moves. When it starts moving, it moves in price action. So, you know, seeing it rise up to three bucks in this environment, it's pretty impressive. That guy sounded like Trump.

[00:41:45]>> Uh, that's some nasty business.

[00:41:48]>> Yeah. I mean, ICP, it's going for the whole kitten kaboodleoodle. The people that are in it believe in it a lot.

[00:41:55]Maybe because they're holding $200 tokens. I don't know. But um you know it's nice to see it break up to three bucks.

[00:42:02]>> I just remembered we didn't reveal the Salana product. Let's show the Salana product right after this after the ICP chart. Salana >> Drew said it reminds him of the shoes.

[00:42:12]Uh it reminds me of the phone. We got a new Salana product.

[00:42:15]>> Will it break down 10 times a year? I I don't know. You know, I don't know.

[00:42:18]Maybe it'll be like a BMW or something.

[00:42:20]ICP emerged as a standout performer. Why is it pumping? What's the main thing? A WordPress demo. This was kind of their their value prop is you don't need Amazon Web Services, you don't need Google Cloud. Uh we can host your front-end and databases here, a little bit of your backend as well. And it looks like there was a demo of that working product. So, a lot of people like that. Also, there's mission 70.

[00:42:45]They got a little road map here basically saying we're going to accumulate. We're going to keep accumulating and just AI narrative there. So, that's what we're looking at.

[00:42:53]That's what's pumping it. We talked about ICP. Let me go to the daily here.

[00:42:57]ICP uh we talked about this level. We ended up rejecting. I don't know if you remember we looked at it sometime last week here and this is you know we had our upside target.

[00:43:09]I said hey you know just just keep an eye out. You know I would I don't know if you remember people what about ICP? I was like if you're holding it don't expect these high prices. Jump out at the yellow line. That's what we were saying. But Drew check out the TA here man. This is >> not horrible. Well, I mean it I see altcoins with way worse TA.

[00:43:28]>> I actually didn't think the I I'll go admit I didn't think the bull flag was going to play out.

[00:43:32]>> Mhm.

[00:43:32]>> I'll admit it. I'll admit it.

[00:43:35]>> Look at that.

[00:43:36]>> Look at the T.

[00:43:38]>> This is 401 and a wick to 409. So, pretty much right there, folks. So, nice little uh TA played out. Actually gave us a little bit of a stronger wick. How long was this wick? Very quick. It was a quick wick. Quick wick, says Nick. All right, let's go back to the daily here.

[00:43:57]Uh, zooming out though. I still like taking profits here. Honestly, I actually like taking profits at the 200 day moving average.

[00:44:05]>> Yeah, I mean, if >> it might bounce, it might it might fall through.

[00:44:08]>> If we have a reset moment, man, that $260 mark, kind of the point of control of the last range is where you want it to find support at, right?

[00:44:18]>> To see >> Oh, yeah. Right here at that wick, too.

[00:44:20]>> Yeah. Like that. That's something I'd be watching out for. And it's good to see it showing impulses in a bare market.

[00:44:27]That is good. Um, you know, so >> I found the ICP holder here, Tony.

[00:44:36]>> Hey, you know, bald is beautiful, right?

[00:44:38]>> I'm sorry you're holding Litecoin.

[00:44:39]>> All right, let's uh here is the product.

[00:44:42]Big reveal.

[00:44:44]>> All right, chat. Rank this one or just give me a point system. One out of 10.

[00:44:49]10 being the best, one being the ugliest watch you've seen in your life. Where do you rank the Salana watch?

[00:44:55]>> Drew, give me your number. One out of 10. How do you rank this?

[00:44:59]>> I mean, I like the vibe of it.

[00:45:01]>> I would say a solid seven, maybe even an eight.

[00:45:05]>> I'm going with eight.

[00:45:06]>> You're going with eight?

[00:45:07]>> I'm going with eight. I I actually kind of like this in a weird >> Yeah. I mean, >> all right, let's see. First vote, eight.

[00:45:12]One out of 10. It's Look, it's not a one. Okay. There's uglier watches. We got a six. We got a 10. We got a three.

[00:45:17]We got a nine. We got a We got a seven.

[00:45:19]Ain't bad. It's okay. Two. eight. Uh, four, 5.5. I I I like a eight. I think it's an eight here.

[00:45:27]>> Yeah, I still like this. I don't know if this comes through on the screen or whatnot. This Bitcoin watch.

[00:45:34]>> Mhm.

[00:45:34]>> I love this Bitcoin watch, right? So, it'd be tough to get me off the Bitcoin watch, but this thing does look good.

[00:45:40]I'm just kind of surprised they went with swatch.

[00:45:42]>> Someone saying it looks like a Swatch.

[00:45:43]If you zoom, if you kind of squint, that is what it is. It's swatch right there.

[00:45:47]A little bit hard to see the logo and you see it there on the top left or it's fake. No, this is from Salana.

[00:45:54]>> Yeah. Yeah, >> that's not I could have I could have Hey, look at this AI. No, this this from Salana just posted this like eight hours ago.

[00:46:01]>> Yeah. And I checked the swatch website.

[00:46:03]Like they're not the most pricey, you know. Maybe because Salana DJ Jones are poor right now, but you know, they're probably going to be like two or three hundred bucks. They don't look too expensive at all. Um so, you know, I'm sure a lot of people will be buying them.

[00:46:16]>> Where's Salana? question. I would actually like or add one Salana to the price tag because a lot of that Salana will get lost forever >> and you're effectively burning Salana when you do that.

[00:46:27]>> Yeah, I'm going to owe uh a channel uh part or friend one Salana for Bitcoin not reaching back up into the 100k 100k price range. I made a bet with them like a year ago or you know a while ago about it. So I'm going to have to pay >> chain link watch will be better. I would trust it more. Uh saying say someone saying what does it do? Do swatches have any kind of secret tech or anything cool? Are they just regular watches?

[00:46:51]>> No, they they look like regular watches.

[00:46:53]I don't even know if they're uh I I don't know if they're I don't know what you call them, but fancy style insides.

[00:47:00]>> People bring up the scratching. Yeah, it does look like it would scratch easily.

[00:47:03]>> Well, they don't Salana manlets don't do much physical labor, so they're probably going to keep it pristine, right? So, the Salana watch would be worn by a Sam Bankman Freed type person.

[00:47:14]>> What What are they going to do to scratch up the watch, you know?

[00:47:16]>> I mean, they type furiously when they play World of Warcraft or League of Legends, but the keyboard isn't going to scuff it. So, yeah, that's a good point.

[00:47:24]>> Yeah.

[00:47:25]>> The bean bag zipper.

[00:47:27]>> The bean bag zipper might scuff it.

[00:47:30]>> Caroline's glasses. I'm just trying to think outside the box here. If he's going full fist, we got >> Let's just move on. Let's just move on.

[00:47:39]It's sticky now. All right, let's move it on. Look at Salana chart, everybody.

[00:47:42]Uh, look at the levels once again rejecting. Although we did wick above.

[00:47:47]So, I'll go ahead and we wicked above.

[00:47:49]Sure. If you're wondering what are these levels from the bottom of this wick to the top of our range. Well, it was the top of our range. It's not the top of our range anymore. So, we're just looking at these levels. We gave you the parallel channel. We gave you the little level here. Salana rejecting from this range. But Drew, is it touching the bottom or the top first of this range?

[00:48:10]>> I'd say bottom, man. I mean, >> I do like what we are running into that big resistance point for Bitcoin right now, >> chat. Top or bottom? Specifically with Salana's price chart here. Nothing else.

[00:48:24]Are you a top or a bottom person for Salana's price?

[00:48:30]>> Let's go to the bottom.

[00:48:31]>> You're thinking bottom?

[00:48:32]>> Yeah, I I think so. I think so. Let's check the daily RSI. Did we get Damn it.

[00:48:38]That's pretty overbought right there. Oh no, that's like exactly Oh my god, we're actually more overbought than we were right here. But that's a bear div on the daily.

[00:48:48]>> I'm trying I'm just creating at this point here.

[00:48:50]>> Fine.

[00:48:51]>> Oh man. Oh no. This might actually be kind of bad here. Let's get the horizontal line down.

[00:48:57]>> Let's throw it right here. And let's just look. When was the last time we were this overbought, right? What What are we looking at? sold. Uh, okay. Right here.

[00:49:06]>> So, what does it look like?

[00:49:09]>> Preceding the all-time high.

[00:49:11]>> Oh, yeah.

[00:49:14]>> Don't tell me 24% is going to be the bottom of that range.

[00:49:18]>> Oh my god, it's only 12%.

[00:49:20]>> Oh, yeah. I mean, like me and Crank are feeling like sub 70 bucks. I mean, Crank's looking at 40, you know. I'm I'm looking sub 70. Um, you know, maybe even 70 holds again. But, you know, we're still in a bare market. So, you know, the seeing these impulses is nice and you see the metrics are still there for the use. Uh, but, you know, I I think it's uh I think it's running into some headwinds.

[00:49:44]>> Potatoes are outperforming ETH. All right. I guess that's a good segue for our inflation data. We just got inflation. Pause. Pause. Uh, let's see here.

[00:49:56]Uh oh.

[00:49:58]Let's talk about this first and then this leads. This is kind of an inflation story here.

[00:50:03]>> Did you see the oil stuff?

[00:50:05]>> Uh, a particular viscosity.

[00:50:08]>> No, I didn't see that.

[00:50:10]>> Just got word mobile and Shell have informed Costco and Walmart they have no packaged product to send them and to expect bare shelves in the motor oil section in a few weeks. A little alarmist, but there's a colonel of truth here. Toyota is about to release a service bulletin saying you can temporarily use 0820 in le of 08 and 16 because the shell pearl facility that was in cutter is completely offline.

[00:50:34]We're going to run out of 0820 soon.

[00:50:37]Remember when we were talking about the Shell Cutter facility? We didn't know the particulars but they make high-end synthetics and so this is going to affect a lot of cars and so you need to check if you use 0820. I I'm warning you. Just go ahead and check that right now. And if you go into this thread, there's a lot of details. I mean, they Oh my god. Is Oh my god. You just saw that update. 2.1 to 2.4. I saw this last night. It was in the hundreds of thousands. And so, this is really starting to to gain some traction here.

[00:51:07]Walmart and Costco, the largest purchasers of package lubricants. I thought that was the FTX office. All right. No. Sorry. Sorry. Had to do it.

[00:51:15]Had to do it.

[00:51:15]>> Does your Tesla use oil?

[00:51:17]>> Nope.

[00:51:18]>> Doesn't he use any oil?

[00:51:19]>> Nope. Not even >> maybe there's axle grease, but yeah. No, there's no engine oil.

[00:51:25]>> Son of a gun. Son of a gun. Dy. Yeah, I might have to go get an oil change and stock up a little bit. You know, I got some extra, but that's pretty concerning. I would not want to run out of oil for the engine. That's bad.

[00:51:37]>> Looks like Napa is restricting. FedEx oil price adjusted.

[00:51:42]Oh man. Yeah. So, if you use that particular oil, zero weight 20, go ahead and stock up for three, four oil changes. I think I think you'll be pretty thankful later there.

[00:51:53]>> Yeah.

[00:51:54]>> Uh, Diddy definitely got him beat. Okay.

[00:51:57]Sell the Tesla.

[00:51:59]>> I love that car. Why Why should I sell my Tesla?

[00:52:04]>> I mean, I can't really You drive a far distance, but you don't seem to be bothered by it. Like, that was my only concern for you because we live near Alabama. say I drive pretty far and yeah, I get to work and back every day of the week.

[00:52:16]>> Yeah. So, you know, I'm never So, I love my car. You love your car. It's fine.

[00:52:20]It's fine. You know, people can love different things. People are in the chat.

[00:52:25]>> Yeah. My truck run. I mean, people are saying they're basically using what Diddy uses for their car now. I don't know if that's going to work.

[00:52:31]>> No.

[00:52:32]>> All right. You're gonna you're going to create a little backend blowout just like Meek Mill.

[00:52:36]>> Jesus. Jeez. You must Someone must stop this man.

[00:52:40]>> Stop this mad man. And let's get back into the inflation data here. Inflation soared.

[00:52:46]Golden age everybody. Inflation soared 3.8% in April from a year earlier. A clear impact of higher gas prices since the start of the war with Iran surpassed the previous month's reported reported increase of 3.3. Economists uh they expected 3.7. Economists are April increase the highest inflation we've seen in three years.

[00:53:06]Prices excluding food and energy. Uh this is the measure they watched to better capture inflation's underlying trend rose 2.8%.

[00:53:14]So that's uh also higher. Forecast was 2.7. Prices rose 6% from the month before in line with economist and forecast slowing from.9% in March. The average of this 7.5.

[00:53:30]If it just stayed the same that means 7 and a half% inflation annually.

[00:53:34]>> 7 and a half%.

[00:53:36]>> Feels good man. Feels >> golden age.

[00:53:39]>> Yeah, it's uh you know, I mean, I could rant about how much money I spent at the grocery store. It sucks how much like I got four kids. Keeping this the uh pantry and the fridge and the freezer stocked cost about as much as I would spend on a shitty car when I was growing up per month, right? So, it's something insane. And if you would have told me that I was going to be spending two or three grand a month on food when I was a kid, I'd be like, "Holy God." Like >> I'm thinking, "So, I'm eating lobsters and like tomahawk steaks every day.

[00:54:11]T-bone for breakfast, T-bone for lunch, lobster for dinner."

[00:54:15]>> Totally. No. No. And granted, I am like buying really good food, but still.

[00:54:21]>> You said a month or a week?

[00:54:22]>> A month. Every month it cost like two to three grand. But I have, you know, I I keep a meat freezer stocked. I do like steak. I do like lamb. So, I'm eating good, you know, for sure. But it's pricey, man. Like, I I don't know how people that aren't involved or like hyper involved and outpacing inflation are are managing right now. Like, it's it's a lot of work. It is a lot of work.

[00:54:45]Breaking breaking. Cutting my screen.

[00:54:47]Cutting my screen. Hurry, hurry, hurry.

[00:54:48]Breaking >> Bitcoin's price structure. Uhoh. Uh oh.

[00:54:53]This fivem minutee candles that we're looking at here. And yeah, it's looking a little ugly. Looking a little ugly.

[00:54:58]Let's go the 10-minute. Zoom out. Okay, let's go to the 20 minute.

[00:55:02]>> Okay, let's go to the 1 hour. Okay. Oh, man. Below this wick right here, too.

[00:55:09]>> Well, the thing about the lower highs, like I I did try out and I got stopped out in a long just testing the range uh this morning, but I mean the lower highs in general make me feel a little bit uncomfortable. And that's why I keep talking about the alts and where they're likely to come back down to if Bitcoin goes back into the 70K range. Um, you know, I don't hate, you know, that the market's going up and down. Like it creates opportunity, but you know, the lower highs on the larger time frame make me feel a little bit gross right now. A little bit.

[00:55:42]>> Some say we need more high low in the 60. A lot, you know, some saying we need to test below that parallel range.

[00:55:48]Really freak people out and then that's maybe when we can resume the pump. Uh people talk about Iran. I mean there's there's a little bit of breaking news.

[00:55:55]This is from two hours ago. Iran's foreign ministry just released a statement. They said they've significantly expanded their definition of the trader remuse.

[00:56:03]>> They went from not controlling it to controlling a section to now increasing the section in which they control signaling its intent to widen its grip on the crucial waterway that was effectively closed to the global shipping by the Iranian attacks at the start of the conflict. An official with the IRGC naval forces said that Tyrron now considers the straight of her Hermuz to encompass a much larger area than before the war. He said Iran will not allow any kind of encroachment upon its waters and interests. And in the past straight Hermuz was defined as a limited area around islands such as Hormuz Hengum. But today this has changed. Iran now considers the strait to stretch hundreds of miles from the coast of Jas to the greater Tomb Island. Jous has grown larger and has turned into a vast operational area.

[00:56:49]>> Yes. Well, get think about this. What if they do this? What if Iran renames it to the straight of Iran and then Trump just crashes out, goes full hell?

[00:56:59]>> He they Gulf of America it.

[00:57:01]>> Yeah, absolutely. I mean, it's it's out of the Trump playbook, the Gulf of Iran.

[00:57:06]I could see them trying to call it that over the next year or two. Absolutely.

[00:57:09]>> I mean, there there is precedent for countries enacting tolls from waterways.

[00:57:13]Mhm.

[00:57:14]>> There's man-made, there's natural.

[00:57:16]Turkey has a Black Sea choke point.

[00:57:19]Panama on obviously Panama Canal. Uh, so this isn't anything new, but yeah, this is worse situation than it was two months ago. Drew, >> not great.

[00:57:28]>> Globe for America.

[00:57:30]>> This is a long two weeks, man. Very long.

[00:57:32]>> Yeah, but someone else is hurt more than us, so it's good.

[00:57:37]>> Oh, man. Oh, man.

[00:57:38]>> Yeah, we chopped off four fingers, but they chopped off seven fingers. High five me.

[00:57:46]>> No. How about no one chop off any fingers? Why would we just keep everything open?

[00:57:51]>> Yeah, probably not going to happen there, D.

[00:57:53]>> All right, there's one last thing. Oh, yeah. Gas. I did want to I saw this awesome awesome graph here. We talked about the gas taxes. This is the national average or state average broken down by state. California spending $67 on average. Alaska $527.

[00:58:12]Hawaii 566. We're representing ATL.

[00:58:15]We're at $4. Texas also at $4.

[00:58:18]Pennsylvania is pretty high here. Look at New York$459. Pennsylvania higher than New York. Maine lower than those.

[00:58:25]Florida 434. You see the cheaper ones in these colors right here. Oklahoma 392.

[00:58:32]Oklahoma winning the race.

[00:58:34]>> Yeah, good on them. Good on them. Um the south is rising again and you know it's it's a good place to live. People are moving there because the cost of living is lower. So um >> California losing the race there.

[00:58:48]>> I kind of weirded out that Florida is so high. I mean that's like the I mean it's right right next to the Gulf of America, right? I mean Texas >> people people don't uh Well, I will say this planet plane sailor. Yeah. We previously exported 4 million barrels.

[00:59:06]Woo! Oh, we import 6 million barrels.

[00:59:09]Oh, we actually exported 6 million last month.

[00:59:13]>> We need to start fracking more. We need to start tapping our our action a little bit more.

[00:59:17]>> What's a little flammable water amongst friends?

[00:59:20]>> Absolutely.

[00:59:21]>> Now, I think there's there's good ways to do it. There's bad ways to do it. I think there's obviously companies that are cutting corners. Those people probably need to go to jail. You can't poison people's water supply, but there's also safer ways of doing it where you're not leeching chemicals into everyone's water reservoirs there. So yeah, looking at this, uh, just throw out a random state. Drew, >> I want to kind of look at Colorado. What is Colorado at right now?

[00:59:43]That's actually way better than I would have guessed.

[00:59:45]>> Yeah, not bad at all. Um, Seattle. What is Washington look like?

[00:59:49]>> Washington stays high 576.

[00:59:51]>> Okay.

[00:59:52]>> Well, I was just I want to prove my geographical prowess.

[00:59:56]>> All right. Now, ask me the the Capitals, you know, maybe Olympia, Washington.

[01:00:03]>> Yeah, >> I've already forgotten poorly. I've already lost on the West Coast, so I'm I'm tapping out here.

[01:00:08]>> A lot of Democrat states, though. A lot of Democrat states. I I expected cheaper prices from Florida, though. I expected cheaper f prices from Florida. I'm disappointed. So, >> that' be a cost of living thing there.

[01:00:19]>> Maybe because you got Miami and all the >> Miami jacks it up, the big cities.

[01:00:23]>> Yeah. Yeah. Yeah. Yeah. Okay. Well, you know, do better. M Miami, do better.

[01:00:30]Get it on Rhode Island.

[01:00:31]>> Uh h Yeah. 449. Yeah, it's costing me about maybe 90 h 100red bucks to fill up the tank right now. Um, so you know, >> $8.76.

[01:00:44]Where does he live? Where's Where in the hell is dark the top of a mountain somewhere?

[01:00:49]>> I don't know. That's crazy high.

[01:00:51]>> Uh, gas is up 100%. Bitcoin's down 50% since Trump office. I don't think gas is up 100%, but it is up $1 over the past 12 months. So yeah, gas wasn't $2 flat, was it? They didn't hit that low, did it? Oh, actually, wasn't it a $1.99 in some places? So, yeah, they're right, actually, aren't they?

[01:01:10]>> Yeah.

[01:01:11]>> I guess Trump has been there long enough.

[01:01:12]>> You have to like watch Truth Social to know how much gas is going to be tomorrow kind of thing. And that's uncomfortable, right? To have to watch a social media platform uh named Truth Social to decide how much money you should put aside for gas. But, you know, it's it's a situation we're in right now. Um, yeah. Where is crude? Cuz is crude still above. Is it going back above 100? Yeah, it is. Oh, jeez. Not great. Not great. That support line you drew is pretty solid, though.

[01:01:44]>> Yeah, it's still holding. Let's look at that gas real quick. I want say it's this one. I can't remember if it's this one or this one.

[01:01:53]>> Probably get rid jump out of my options if we can hit this trend line here.

[01:01:56]Yeah. Yeah. Uh >> I'm surprised that gas isn't a lot higher. I will say that >> the economy is not going to be happy with over $100 a barrel oil. I know that. So >> yeah, I mean the economy is going to be bent over the barrel at that point.

[01:02:11]>> Going to get ugly.

[01:02:12]>> You're going to just hear in the background, folks. Now everybody go smash that like button. That is our show for today. I'm going to do a bigger breakdown on the Clarity Act for tonight's video. So turn on those notifications, hit the like button on the way out. We greatly appreciate it.

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