Altcoins Just Got MASSIVE SEC News (White House Next)

0:00It's fall in Jeep country and during the drive into fall sales event get a great deal on 4x4s that refuse to be contained like Jeep Wrangler. Confidence built into every drive with the most awarded SUV ever, Jeep Grand Cherokee, and freedom that can't be denied with the open air freedom in Jeep Gladiator. After 85 years, it's no surprise that Jeep became America's SUV brand, yet a great deal during the Jeep Drive into fall sales event. Jeep is one more awards over its lifetime than any other SUV brand, even the Jeep Grill or Registered trademarts of FCA US LLC. Welcome in to Discover Crypto. We are embarking upon a very important couple of weeks here in crypto. As the SEC has taken it to the White House in a massive rule that they're rewriting right now, and we're waiting for another chance to see if the Clarity Act can go through. September 15th is approaching very, very quickly. And it seems the all coins sector is on fire right now. Bitcoin, looking a little sluggish, but all coins are being feisty. We have a lot of news, a lot of ground to cover. Hope you had a great Labor Day weekend, and I'm joined by TJ, the legend. How are you doing? Good sir.

1:04I'm doing good. How are you doing today? Jim, good weekend. Incredible. Incredible. I'm just sitting there enjoying family time looking at the phones. You know, hey, this DeFi protocol is hitting this DeFi. Once hitting so yeah, I'm starting to obviously you guys know I've been very, very, very, buy the infrastructure pro DeFi for a long time, and it's really starting to look like that's going to play out. Got a big pump on arrow as a Jupiter, radium, all sorts of all sorts of DeFi positions popping off, Tao even hitting so AI and DeFi still looking like the strong trend and narrative. And like you mentioned, it seems like insiders are front running some of this SEC, you know, new rules and regulations that are going to come out that allow, make things easier for funds, make things, you know, it's very, very bullish for on chain finance and again every, it seems like every week, there's more bullish news for anything on chain. So, you know, it's exciting time stuff we've been waiting for in crypto for a long time and yeah, let's get to it.

2:07Well, and I've walked around a little bit of a chip on my shoulder from our weekend video that we did we talked about the video on Friday. You know, we're highlighting Uniswap, Arbitrum and more foes kind of infrastructure kind of adjacent plays or things that are hooked into Robinhood chain that you can pick up some gains. And I know TJ Smilin from that Uniswap move, Uniswap has been absolutely ripping Arbitrum has been ripping it just me riffing in the car, this felt good. It makes me feel like we're still driving the boat correctly and it matters to be being able to call this stuff up. So, how's that Uniswap feeling? Are you ready to take some some profits on it? No, not yet, not yet. This is a longer term holds, but yeah, I mean, I absolutely could. It could probably roll almost a whole bit going out of it at this point, but yeah, it feels good. Wait, your Venice tokens the other top gainer. Unbelievable. TJ, I'm on a roll. I'm on fire. And then a arrow drone looking good as well.

3:07You know, injective we were covering the chart last week, looking like it was swoopy to the upside. It's up 12% today. It's fun to see a lot of these all performing really nicely as Bitcoin's kind of being a little bit sluggish right now. We had a weird market open where Bitcoin snat and what we're looking at is Bitcoin on the four hour time frame. So, this is essentially our range up here in the 75 to $82,000 region. Now, a couple different marks here. The green line is more than likely going to act as our local bounce point at around 77 K. We did fall down to 77 five this morning and it's trying to catch its footing here. A red market open so far today and a good chunk of liquidity was snapped up this morning. I know that I was watching this liquidity heat map this morning and I know a big chunk of longs were wiped out on that initial wash out. Bitcoin trying to find a bounce point right now.

4:09It is interesting though to see Bitcoin kind of flailing around at this, you know, kind of uprash on it that had just set up for that price pump. And Bitcoin dominance over the last few weeks is actually dominance is printing a red dot on Bitcoin dominant. So, I have a couple interesting sets of data that I'm working with right now as we compare altcoins to Bitcoin. And this is where, you know, we were out on a limb a couple months ago buying altcoins. No one really understood why the thesis so far is playing out pretty nicely as Ethereum is acting very, very sticky around that $2,500 market. A lot of these alt's are able to take a breath. Aero drone is having a weekend as well. Yeah, there's a lot of reasons why aero drone is pumping them. We're going to be going over. Then you see ETH classic pumping and you think we're all in danger there. So a lot of ground to cover honestly on altcoins and primarily what I think is the driving factor on why these altcoins are feeling so good is even though crypto clarity is kind of being put on a question mark right now.

5:13Center Republicans are warning that this market structure bill could fail next week on over unresolved ethics rules, right? The integration of Trump into crypto, the ethics behind it. All of that is being discussed. But regardless of that happening, we have the SEC moving in with their crypto custody rewrite entering the White House for review. Now, this is put in place. It started on August 25th. The SEC is proposed to rewrite of custody rules for investment advisors and investment companies that entered this review a few weeks ago, placing a new crypto focus framework into regulatory review after the agency withdrew a separate 2023 safe guarding proposal. Now this sounds like a whole mouthful. But this is actually pretty important. So basically the SEC has sent this new crypto custody rule into review for the White House. And the current custody setup, the current custody rules were written for stocks and cash.

6:14Advisors have been kind of stuck in this middle ground asking whether they're qualified custodians or self custody, multi sig, all these different things. And even count as being a location where you can actually hold these funds. So a much clearer loser framework would make it easier for these funds and the RIAs to hold the crypto without treating it like a paper certificate. This is a very, very important and you were kind of talking about this this morning, TJ. Yeah, I mean, basically what it's doing is making it easier for people who manage other people's funds, whether you're an investment advisor or a fund itself to not have to jump through so many hoops or hold the crypto with, you know, a select few, you know, handful of people. This is going to open up the doors to make it easier for the higher net worth individuals. You know, obviously most people once you start to get to a certain net worth, they have investment advisors that are directing funds. This is, you know, again, if you want to start getting pension funds involved and retirement funds involved and all these sorts of things.

7:17It needs to be easier for them. So yeah, I think this is going to open up the floodgates. It's going to again make it easier for them to participate in DFI and on chain. So it's like, oh, hey, if you want to this big fund wants to become a liquidity provider and start doing some of the same stuff that we do on DFI now, it's going to be much easier for them to approach that and be able to, you know, the Morgan Stanley's of the world and the Fidelity's and all this big money managers will absolutely be able to participate in this big movement. And I did you mentioned this. I wanted to give you some credit to about, you know, front run in all coins. I mean, you were looking at the charts and kind of screaming. You were out there beating your drum kind of, you know, alone saying like, hey, you know, just like we saw all coins move early last time. Like I really think looking at these all coin charts that we're going to see a quick and violent move that is kind of outside the normal rhythm of the four year cycle and all seasons we've seen in the past. And that's absolutely played out the last what two to three weeks. I mean, it's like there's a lot of things now that are giving me 2017 all season type vibes, which is really the only probably the truest alt season we ever had.

8:28Now obviously it's not going to be the same. There was only a handful of coins back then. This was back, you know, I think it, you know, not long Ethereum not long after Ethereum launched and we started getting ICOs and that whole mania going on in 2016 and 2017 and it felt like 2017 for those of you who weren't there was a bizarre time. It felt like you'd get up and you'd refresh in every coin you owned was up 20 30 40% day after day after day. It wasn't just like once it was like, oh man, I'm up 40% and then like the next day, oh, I'm up another 40% up another 40% and it was across, you know, the whole market. So I don't it's not going to I think it's going to be more select this time. I do think we're going to get a broader market pump. And you're going to get those runners like we're seeing right now are benefiting from the Robin Hood stuff and you know swap and arrow and some of these, you know, VVV, you were seeing that across the board. I mean, if you just go back to your coin market cap if you still got that up on the weekly looking at those weekly number. I mean 30 days 97% 200, 19, you know, you're getting all kinds that are moving in the, you know, 50% 40% in a week 100% in a month like right.

9:41Right. This is not price discovery. This is actual market movement. And so I think, yeah, once you start getting back into some of those highs, it's going to get it's going to get, you know, very, very bullish, very fast. Now I'm not saying I think we're again, I'm not I want to be careful here. I'm not saying we're an up only season yet. We still have, you know, the longer we this Bitcoin price holds this recent pump. The more the strategy is going to be a lot of money. And so, you know, we're going to be a lot more, the stronger it gets, you know, we're not completely out of the woods yet. You mentioned, you know, next week is going to be big September 15th and you know you've got the Fed, you've got CPI, you got all kinds of data coming out, you've got clarity, Actboat, you've got, you know, chaos with, you know, us and Iran as always. And while I mean, this is happening as well, I mean, we have to keep a context like we're pumping while that's happening, which is again, extremely bullish. So if we get any type of resolution there, which I'm not holding my breath for if we get any type of positive news on clarity, which again, not holding my breath for but we're going to get, we're getting positive movements regardless with all this negative other stuff going on. So, yeah, very, very bullish on what I think is going to be a lot more positive.

10:57So, yeah, I think we're going to be bullish on what I think we're going to see an on chain and again, the whole world coming on chain is an exceptionally bullish thing and it's, yeah. I mean, it's just like it's something that's been hard to kind of conceptualize what it would look like, right? The whole world coming on chain four or five years ago to do like we're buying our bread at the grocery store with Salana when that happened. But now it's like we're seeing its stable coins. It's the rails that run the stable coins. So, yeah, it's like the ones that are led in the door first, you know, and that's kind of where to set up. Well, it's pairing to all regular stocks. Again, it's going to be, it's creating for some really interesting products, not that, you know, like we're, where people are getting micro transactions of all sorts of different stuff and all these different equities. You know, again, you got prediction markets coming into it. So, you got markets on top of markets on top of markets, getting created that weren't able to be created before. And crypto is the rails that are making it all happen, you know, whether you're talking about chain link, whether you're talking about Ethereum, you know, Salana, whatever it is, like it doesn't, none of this could happen without those projects. Right.

12:00So, yeah, it's just, it's going to get crazy. It's going to get fun. And I think at this point, if you've been allocating while we were telling you to, if you were buying, you know, when in the low 60s and even high 50s, if you were allocating in majors or the right all. The right all coins, largely at this point, the main thing you have to do is be patient and keep your cool. Because again, I'm still really curious to see, does this move fast in Q4? Do we continue to range? You know, do we start blasting off in 27? Because traditionally speaking, for your cycle theory, you know, purest, we should be, we should range for quite some time before we start to get these type of rallies. But we're seeing major rallies all across the board with very little catalyst. So, yeah, you get a major catalyst. I think it could get crazy fast. Well, and there's so much to talk about. We just covered so it's the off time alt season. And then you're, you brought up the feeling that this is like the 2017 moment. Now granted, there's 90 million plus tokens now way more tokens out now than there were back in 2017.

13:10But this is Bitcoin dominance in 2017. Bitcoin moved up aggressively as the dominance of it fell sharply. And that caused a lot of real chaos to happen in the altcoin sector. Now this recent highlight and kind of this red dot on the weekly timeframe for Bitcoin. I do take this quite serious. Now the last time that I saw a similar metric to the what we just had happen on money flow being in the red. You print a red dot on the upper side. Let's go look at what that actually look like in terms of Bitcoin dominance. So it was about right here. June of 2020, right? And right after that. You had a sharp pullback like a really, really sharp pullback on Bitcoin dominance. And I don't think that it's going to look anything quite like this. This was the COVID everyone's locked down. We're going to go live on the metaverse NFTs going to hundreds of millions of dollars zone this. That's what this chart is showing right here. This is absolute euphoria taken over the altcoin sector.

14:16I'm not banking on something just vertical into the downside for Bitcoin dominance to occur. But I do acknowledge that the last time we got a data set matching nearly what we have right now on the dominant side shows that there actually might be an out of out of timing. Completely what will feel like out of the blue alt season taken hold. And really when you look at the industry of crypto excluding Bitcoin and Ethereum. This industry is bouncing harder than both Ethereum and Bitcoin. Now this is stuff that will matter a lot for this smaller market cat projects things like injective or arrow drone. But there's a lot of reasons why arrow drones doing the thing is doing. And you know, now that we are seeing this White House rewrite, you know, this SEC White House cooperation. This is very important to have happening because if the clarity act doesn't pass this September. Luma's came out and said the next real opportunity to bring market structural legislation back up is going to be in 2030.

15:17This is very interesting to me that we might actually be closing the window if we don't see the clarity act move through. They might not want to tangibly discuss cryptocurrency as a bill until 2030. I mean, that would be absolutely kind of nuts to me, TJ. I mean, to have to wait this long. I'm expecting it to get done within the next few weeks, but that's kind of scary. Yeah, I mean, I think it's because if they don't get it done, the industry is just going to move on without them. You know, the SEC and the CFTC, they don't really need Congress to get this stuff done at this point, which is, you know, the irony of like, well, now that you don't really need us, we'll actually do it kind of thing. Like it wouldn't surprise me at all if it passes next week because they are aware of that. And somewhere somebody wants to get take credit for, I mean, obviously this is kind of sent the Alamos is kind of last act, you know, supposed to be a crowning achievement type of thing. So there's definitely people that have some political capital tied up in this.

16:19But either way, everything's going on chain you and that's why it's always like follow the money. Don't listen to what people say. This is going to like the markets are moving on chain period. Now what who clears the path and who gets the credit for it and who gets to say I did that, that's kind of still up for debate. And we can let the political side show fight that out, you know, but it might affect our timing a little bit, but at the end of the day, this is happening. And it almost has to happen, you know, they've got stable coins going, they need to, they need everybody in the world having access to our stock market, they need everybody in the world having access to our stable coins in the dollar, they need. You know, again, these extra markets, these derivatives, these speculation, predictions, all of this kind of more aggressive risk taking, they want all of that happening. You know, and it's almost again, if you know your history, if you study, by the way, we were talking about, I was talking about this with somebody in school.

17:23If you, if you guys haven't read the Bitcoin standard yet, I highly, highly recommend you do it. It is effectively a three force of the book is basically a monetary history lesson of what happens when you get off of a hard money supply and how it affects society and, and it just runs on a pattern. And we've seen this happen several times over many thousands of years and we're just in that same pattern. I went, what happens is the risk appetite gets insane, you know, society starts to kind of clops isn't the right word, but a gamble at the grade. Yeah, a grade. Yeah, mass gambling and all that sort of stuff starts kicking in and that's what we're seeing right now with these prediction markets. I saw that today Robin Hood, I was showing you this in my office this morning, Robin Hood makes more money already off prediction markets than they do off stock trading. That's insane. That's very, very scary. That's insane. Yeah, and these are definitely, and you hear JD Vance this weekend is like, maybe it's the end times, maybe it's not, maybe we'll live, maybe won't who knows, you know, way we're going in, it does really make you kind of,

18:32this is why I have to be so heavy in cryptos because inflation is going to kill me if I stay in cash anyways and you know, so like crypto has been a cycle of a cycle great amplifier of my buying power, you know, and along with that, there's a whole list of stocks actually stocks are kind of another thing that I'm looking at this week because crypto has been so fun already, you know, and states has become gambling addicts. I mean, can we really disagree with that? I mean, it's all over the place, you know, it's just another indicator that you mentioned stable coin state visa stable coin settlements have top 20 billion dollars annualized run rate up more than 15 x year over years. We're seeing massive massive increases in these stable coins being rolled out the rails of them, which mostly are Ethereum, you know, one of the larger benefactors, especially have the whole RWA movement, but there's actually we all we have a big need for cryptocurrency. I'd say because you know, we got Trump roll out his meme coin. We now we have Hunter Biden rolling out his own meme coin. Are you in? I bought the Trump meme coin.

19:39This is coming out last or tomorrow. This is Hunter Biden's laptop token is hitting the shelves tomorrow. Are you in teach? Are we going in? I'm in as an arrow holder. I'm going to get fees from everybody trading this stuff. So there you go. And this is again, this is why I push that that narrative so hard is if you don't have an edge in mean quiz, if you're not, if you don't already have an allocation in this, you do not buy retail, you know, again, this one's been marketed like there's a lot of controversy around this on the timeline. It seems like your typical insiders aren't are on the outside on this one. So they're boycotting ironically. They're all in for every other scam coin out there, but this one they're passing on, which is just hilarious. But yeah, I'm pretty sure this is launching on arrow. You know, you're going to generate a ton of revenue and fees that goes back to, you know, the arrow holders via VE arrow. So I'll I'll be collecting as a liquidity provider and as a staker and all those sorts of things, but I will not. I don't generally participate in meme coins of any kind. I have in the past, but at this point, I do better as a liquidity provider and just owning the underlying rails. Yeah. So have at it guys. Buy and sell a bunch. You know, I'll I appreciate you.

20:52I mean, for old times sake, I might have to pick up a little bag just for a nearby. I mean, he provided me with so much content over the years. I do. Oh, Hunter, a little bit of homage when it comes to that because, you know, it's it's been something I've been able to cover and rant about for. I think going near a decade now. Yeah, feels feels very basement of you. It's the DJ and you that will never never stop. I yeah, we wouldn't I wouldn't put this in school, you know, meme corning edge. I did see somebody in there. I'm actually going to ask him that is a meme coin trader. He said he hit a 20 X and 100 X already. And the last month or two, so I'm curious to hear his feedback on that. But now this is. This is the state of where we're going. I think we're going to see a lot more of this and you can hate on it if you want, but it's going to be. There's going to be a lot of this in the future. I don't recommend it. If you retail again, 95 to 99% of meme coin traders lose. And if you've got some inside edge, if you look, if you have an edge, which would be.

21:52Actually, I think there was a really good post on this. Actually, on this note, I do want to share this because this was I like this account. If you guys don't follow deep fighting this, you should. But as a trader, and this is kind of this is where I'm at. I'm in the. If you think meme coins are going to run and you have no edge by the, you know, the ones that earn on volume, you know, swap, radium, Jupiter, all of these had a pump. Arbitrum was one we mentioned because it benefits from Robinhood chain. Salana, obviously a lot of memes on salana. You can even I said this last week, you can even buy the actual equities backpacker hood, you know, those are, you know, again, they're going to profit on the degenerate gambling. If you actually believe in the means, here's some other ones, but then you know, this is kind of the category I said in a lot of liquidity provider. You can provide liquidity on tokenized stocks, USD pairs. You know, and then you can even do it on the meme coins themselves. So I'm, if I'm going to participate, it's going to look something like this.

22:56I will probably I'll do a write up in school that explains this in a little bit more detail because this is effectively the way I view the market is kind of my whole thesis. You know, you layer in some AI stuff on top of it, and this is basically it. So that to me is how I profit from some of this stuff. Now, obviously some of that takes a little bit more capital. So it's two different people. If you're trying to turn $200 into $200,000, that's gambling. You know, and you're good luck. You know, you may do it. You may not most people don't. But if you've got some capital and you want to have a fairly risk adjusted way to profit on some of these activities, these are the strategies I like to use. Yeah. Yeah. I mean, I fully acknowledge whatever, you know, crypto I put towards this laptop tokens, probably going to go away. So meme coins, they're kind of like souvenirs. You know, they're kind of like souvenirs. Now when it comes back to track back on track, a big one. Let's talk about Bitcoin real quick. So we have ETFs still $1 billion shy of breaking even at the price that Bitcoin's at right now.

24:05So the fund flow gap is the change in net flows into Bitcoin ETFs or vice versa since the start of the year. We had very deep outflows going up towards July. Right around the beginning of July and since rebounded, we're still not to that general positive zone in the gap. But I have seen Bitcoin ETF flows, you know, pick up steam over the past few weeks. And it was very interesting to see it happen even while the cold card hack was going down a lot of massive chaos was breaking out. Now let's go to ETF. I want to go to crypto. I have found the, I got to make this screen a little bit bigger real quick here. Bitcoin US spot Bitcoin ETFs. Okay. So this is the spike that's really got my attention is the spike from last week, which is it did breach a level we hadn't seen in quite some time. Let's go to the weekly time frames here. So we got just shy of a billion dollars two weeks in a row, which is a big, big deal.

25:09Honestly, that is something to take note of when I'm looking at Bitcoin ETFs on their monthly timeframe. It looks like there's still some rebound to have happen. But the ETF managers are out here, you know, kind of highlighting that this is the buying opportunity that we're at. And we have something else bad happened this weekend. Liquid Bitcoin looks like purported white hat hackers with through 4,000 Bitcoin. That's a lot of Bitcoin. Yeah. Do you were mentioning that you had been warned about this? Yeah, I've heard. I mean, I'm going to cross them. Yeah, liquid, you know, has always had security problems as far as I know, you know, I'm not obviously a dev, but everyone that I've ever talked to has said, oh, there's, it's, there's not enough incentive to secure it. There's definitely if you've got some weight and some you can move some Bitcoin, I mean, you can always shut down channels and do all sorts of stuff. So yeah, this is a large, a large amount to see get stolen effectively now.

26:15Remains to be seen, I assume their white hat like it is an interesting story to follow to see if this gets returned. I mean, it's basically like send us a message on chain and will, you know, I guess help you fix this. But, yeah, I mean, I've never never used liquid, not and I wouldn't recommend it. That's all about that. Yeah, in just the size of this 4,000 Bitcoin being involved with this, if we were like in the depth of the bear market, that would have kicked us straight out of this. Kind of channel that we're in right now, like seeing that news paired with the chart and how it reacted shows you, I mean, there is a lot of resiliency to the upside for Bitcoin. I mean, that was one of the stories that should have helped break this general range. And, you know, back on Bitcoin trading side, I will find pretty strong interest in a, you know, kind of swing long around the $77,000 mark. But keeping stop losses just under that at around 66 or 76,000 makes sense to me, but seeing the liquid 4,000 Bitcoin taken and it really didn't react at all is very interesting.

27:25Now, oh, here you go. They've already returned 3400 of it and they're keeping 600. There you go. Okay. Get on them. Yeah, they told them to respond or find them on chain, you know, just like the miss and I am happy that this is something that was kind of isolated. We've gone through a lot of stuff. We've gone through the cold card hack. Another there was other compromise. Wasn't it like treasure or treasure or something like that? We had some stuff, we XRP ledger, you know, is having stuff right now that they got shut down and I mean, obviously, yeah, there was tons of stuff. So again, that's another market of another sign of a bear market bottom when you've got bad news that's not sending price lowering in the slightest bit of good news and things up. And it's apparently it's interesting. We have to look into that mic thing. So you sound fine for me on my end. You're coming through to a problem and some some viewers are saying they are hearing weird static and some viewers aren't on your mind. I have a ghost of the machine, honestly, because it sounds great on my end. So I have no idea how it's fine for me.

28:29And some people say keeps cutting out sounds weird. Some people say, yeah, so anyway, we'll have to I don't know what to do about that. I know you've been messing with it. It's been driving me nuts. Let's see here. Yeah, you might drop and rejoin. And now the crypto stevo moving out of polygon in Arbitrum before the pump. That's my man right there. That's my man right there. Good to see a crypto stevo. We got a $2 super chat Casper went parabolic. When the news broke, I mean, see the sound it's it's hit or miss. I think people just got a restart. This is the other sell side risk that people are feeling new Bitcoin whales being up by $9 billion. So new Bitcoin whale wallets that accumulated around that $60,000 mark. Now there's the big risk that they're going to sell it all for the $9 billion in profit. I know that being a bear makes you sound smart. And I can understand why people do it. It's just seeing this chart holding up resilience while the war re escalated.

29:39Multiple exchanges went down multiple hard wallets, you know, having huge compromising problems. Golly, I feel like it's I think we're at the bottom, dude. VVV is up seven. It's over. It's almost $23. It's up 17% in the last hour. My God. Holy cow. I mean, this pure price discovery. I mean, there's no price actually. Basically, all time high. That looks like a hype chart. You didn't need to buy hype. We just keep gathering your VVV. Yeah, I'm still still growing it. Still growing it. God holy cow. Did. Where's the table guys? I told you I was I get you know, I what was it three bucks when I was telling you ever, you know, probably very cheap. Very cheap. Yeah, scroll back up real quick. Let me see what's that that yeah, that right there and that is like $1.50 a buck. Yeah. Yeah. Come on. That's crazy. I'm trying to give you the sauce here. You guys made fun of me when I was talking about VVV.

30:41I'll just I didn't necessarily make fun of you. Not you. Not you. I'm talking about you. But I did not believe me. People are skeptical. Well, I had to pull everything out of the damn altcoin sector. And you know, do I wish I would have left it behind? Yes. Okay. The answer is yes. Unacquivivably yes, but I can't catch them all damn. All right. Sorry. I just looked over and I was like, what is going on? Is that a $1.1 billion market cap? And I still feel like private, you know, direct AI. Crypto type projects. I mean, you got the privacy narrative and the AI narrative with this thing, you know, and retail facing product and their generating revenue and they've got a team that really understands crypto inside it out. There's a lot of stuff coming for that. Yeah. Yeah. That's not true, man. I literally bought this thing. I was buying this thing right there in February. And I bought it the whole way down. I talked about running a full range pool at the bottom. So.

31:42Well, the thing is it's up to them to listen to you in the zone. It doesn't know. He was right. I didn't tell him until his 14 dollars. I'm like, that's absolutely not the case. I mean, you were all over this thing since literally day. I've been talking about it. So that's pretty impressive, man. I got to say like the AI narrative and the privacy narrative. It's got a strong chart. Half the tokens are still to come. But seeing this kind of movement, like I'm not going to be surprised that this is 5 billion at the peak of the bull market. That's a very reasonable. I think that's kind of a reasonable target for this. Well, you got freaking anthropic trying to launch at a trillion. Right. Right. So you tell me that this thing can't grab five Billy. What's five billion between friends? Right. Yeah. So this is insane. Good on. I mean, what a fun day. Yeah. I'm glad I moved on arrow to it. I didn't wait around for that. Arrow's got a lot of good things coming up for just like some slight highlights. The tenor OTC is borrowing on base built on more phone midnight added arrow drum as accepted collateral.

32:48Arrow drone itself is implied in the announcements. And it's also really hooked into that token. I stock meta and all the volume there. So, you know, you can't catch them all, but we're catching quite a few of them. It's kind of sketchy how much winning we're doing this early in the. This should be a bear market. It doesn't feel like a bear market. I'm saying it feels that's why I'm hesitant to go full bulltard because yeah, it's like, oh, well, this is happening. And it's happening way faster than I thought it was going to happen. And you know, like it's like nobody move. Nobody nobody do anything. Nobody say anything. You know, don't you know, tell Ralph Powell. Now he's not allowed to come out and talk about his banana zone. Michael Saler did make a move either. I mean, he made no Bitcoin purchases. That's usually a good sign for. Right. So it's what he's buying that you should be like, uh-oh. Yeah, he said there's a product got him some stuff. But anyway, the strive did make some moves strategy, though, disclosed the SEC 8K filing that it did not sell any shares under the at market offering.

33:50So we're not seeing much movement from strategy for the time being, but this is how I feel Bitcoin is kind of a. Accumulation from even at 77, whatever. And directs, thankfully just announced a new product for people who think buying Bitcoin at $80,000 is too risky. So if you are interested, you know, there you go. If you're still waiting on that 30 K fever dream. They got a they got you covered here. We got a super chat. I responded to your Facebook messages with my seed phrase, waiting on that 2 million XRP. You're never going to get that. That is gone forever. No, we sort of love a God as a so we're in a bear market in their scammers out there right now. As this market progresses over the next few years, you're going to see the resurgence in scammers and lonely people. If you're lonely and you just want to converse, there is a lot of danger out there for you, especially on like telegram, Facebook.

34:52I even know some people within the community that got social engineered. So just security is very, very important. You know, you don't want to get all the crypto that you're able to pick up at cheap prices now taken from you. It'll be hard to sleep at night if that happens. I love going through this chat here. Pray. Oh, God. I want to get cranked back on the show. I saw back in the chat here recently. I want to get him back on the show and just get his analysis of these still looking lower. Kind of what he's thinking. This is a. Chronos, chronos crypto.com have some news here. So chronos is executing a controversial blockchain rollback to recover 11 are 11 million dollars with a crypto. That's a whole lot of crypto here. Let's hear so chronos confirmed August 30th the attack on lending platform tectonic involved 120 million dollars in borrowing activity said the validators made the hard decision to roll back the chain. Recovery 111 million dollars of it roughly 92% of the affected funds in the post mortem on X that is a huge rollback recovery came at a cost to return the funds that remain on chronos validators rewound several blocks and avoided transactions made by users who are not involved in the attack.

36:11That's freaking crazy. I mean, what is your take on this? I mean, on one side, if you're the attack, you're like, I'm glad they could contain it and they could roll this back. But on the other side, if you're just a guy that's trying to do a transaction on the network. And you're also rollback just by proxy. I mean, this is kind of insane to me. I'm surprised that this was under reported because this is a lot of money first and then they roll back the chain. And regardless of this news, Robinhood is going to take a minority stake in crypto.com now that crypto.com and chronos are different. There's, you know, there's still some correlation here. It was crypto.com something that were kind of like forgetting about in this whole conversation, DJ, because they're one of the bigger, are they a US based exchange? Right. Crypto.com.net is Europe. Is it, is it Europe? I feel like I might be under, under estimate in the crow token here because, yeah, this is a tough one. I know it's crazy for me to say, but the thing when it moves.

37:18It moves, you know, it's got a lot of fundamentals to it. Let me go just look at the chart real quick here. Because I would have expected more negative price action from the foot. Let's see here. Yeah, it's interesting. The problem is, you know, like the reason I've been staying away from these type of, I mean, obviously, B and B is the premier exchange token with Binance with most of the volume. But, yeah, again, I'm heavy in on chain. Right. I'm a big tech guy. So, you know, it's kind of like I'm buying the thing that I think is going to take out these centralized exchanges. Now, obviously they've got users and you front end and all that sort of stuff. So I'm not surprised to see business alignment between Robin Hood and crypto.com. You're right. These things can move. They can move violently. They've got insane marketing and budgets and all that sort of stuff. But I just, I've never, this has never inspired me, you know, the main reason people hold it is for their rewards. If you, you know, but yeah, on the, just like many of these other ones, the charts are looking better and better.

38:22Yeah, this is a long term nose terrifying, like long term. It's when I like if I'm zoomed in on the four hour, I'm impressed because it didn't like crashed during the flood over the time frame that the flood got released to the bad news. Long term, though, yeah, it's a sketchy looking chart. Now, if you know that to me, what you, what I would go do if you're thinking about buying Crow is go analyze the time periods. And if, you know, just looking at that, it's very likely that that's post Bitcoin. Bitcoin all time high when Bitcoin's in price discovery and many all coins are in discovery. That's when you get that violent one to two month move from some of these projects. I mean, what's that time period? Is that about a day? Okay. So three or four months. Yeah. Yeah. You know, you can, it's there. It'll, and it'll probably do something like that. I'm just, you know, and you're right. It is that about as low as it can probably go. But to me, there's just other ones that fit my thesis better. And that's the challenge. I think that we're in right now is anywhere you look, you can see opportunities. And it's almost a little overwhelming of like, where do I go? What do I buy? What do you know, because it feels like.

39:32I mean, look at that. You can buy all kinds of stuff. There's defy. There's, I mean, there's that's a lot of defy though right there. That's all pretty much, you know, pretty much defy. But many of these things, you know, can have explosive returns. And you can only hold so many, you know, picking your shots and concentrating your capital is advisable if you have a strong conviction. So for me, centralized exchange coins, not, not usually my jam. You know, I'm seeing way too much competition out of, you know, the things like hyper liquid. And I just don't see crypto.com. I don't know, it'll be interesting to see where they are in 10 years. So speak Robinhood. You know, set there in with the big dogs, you know, and crypto.com is kind of at that table too. They're generally there. So this is good alignment from a business development perspective for, you know, again, this. I'd be buying hood. Yeah. Because they're going to bet hood will benefit from this for sure. More, you know, and maybe CRO will, but you know, or, or will it be max extract to Robinhood chain.

40:37That's another yeah, they could just be opening the door for people to flow from crypto.com into Robinhood by having that stake and which would be good for crypto.com. They'll participate in the revenue, but not good for the CRO token. So, you know, just. That's a new one's take and I like I just want to pay attention to everything that Robinhood's hooking its talons into. Because I've seen the effect that that liquidity on Robinhood has even on memes and not to mention tokenized stocks, but Ethereum, let's cover Ethereum. Ethereum's 2029 quantum deadline is starting to reshape what happened, what gets built next. So Ethereum is building towards quantum proofing being part of that new era in technology. And there's a lot of people understandably so, you know, even my wife was talking to me about this, what if quantum computing or encryption gets broken by quantum computing. And Lyron Shapira had this claim, he claims 50% confidence that Bitcoin prices will crash 50% or more in the next two years because of AI undermining what people imagine where it's security or robustness guarantees right that quantum pressure on Bitcoin and crypto.

41:51Bitcoin and cryptography, Vitalik came out, he takes the opposite side of this bearish take is basic reasons or that he is quite optimistic about cyber security in a long term. He sees the primary problem is being getting the transition and he expects Bitcoin to handle at least any issues that do not require social social consensus. This is like upgrading clients, et cetera, he thinks the probability of an actual breaks on hashes or proof of work is tiny. He would offer a bet, but given that his holdings are basically all in on Ethereum, he's already put his money where his mouth is. This is something very constant to me, and you know, we've already talked about it. Yeah, like worry about your bank accounts before Bitcoin. If quantum encryption gets broken, I mean, you know, your water supply clean water nuclear nuclear weapons, like a lot of different things are going to be at risk, right. I really feel like Vitalik, some of the brightest minds in crypto, the Salona development teams, I think a lot of really, really smart people are working towards this next step and quantum computing.

43:01It is part of the coming age of the internet, coming age of data infrastructure, but I really feel like the good side of development around this quantum computing system is going to be able to kind of counterbalance the bad potentials, right. People who say they don't understand cyber security, it's an arms race if cracking gets stronger via compute. So does crypto. Yes, right. I mean, isn't that kind of a reasonable take here. I'm not going to sit here. It's extremely reasonable if if basically if you're getting advancements on one side, you're getting, you know, advancements on the other side and you know, it's since and yeah, so to me, that's why I've been on that boat the whole time of like technology evolves in advances and, you know, the people that are on the cutting edge of it are the people in crypto cryptography, you know, that's where the crypto crypto and cryptocurrency is for cryptography guys. You know, how do you think we got here? That's the part that's it's like we literally are designed for security measures and consensus networks and making sure that the internet moving forward can be sound and quantum computing.

44:13I know it's disruptive, but kind of a perfect storm for cryptocurrency, honestly, especially when you tag in AI agents, making transactions, needing crypto wallets to make that online commerce happen. It's kind of a perfect storm. So speaking of Ethereum, the US dollar chart, looking pretty tasty here. So what we have. The first foremost thing that I want us to pay attention to on Ethereum is the tighten the constricting money flow waves. You see this tight, tight, right. This is starting to really create. You remember that kind of constricting tail theory of mine on money flows when you're getting ready to get out of that bear market. This is exactly like that kind of metric that I like looking for when it comes to looking for an aggregate just up into the right season. You wait for that constriction to happen and this is playing out on the weekly timeframe for Ethereum right now. Ethereum is very, very sticky around this 24 or $2500 mark.

45:14It's ran and sitting here fighting the good fight at the 50 SMA on the weekly timeframe as things sit almost 600 people in here and only 136 lights absolutely unacceptable. Come on. Come on. We can get 600 likes today. Everybody stop. We're doing hit the like button. If you're on mobile, sometimes you have to check close the live chat to see it. Click that button. When all when all coins are pumping, if you guys aren't hitting likes, then we're in trouble. Come on. Yeah. We're getting all coins. We know you guys just made more money refresh in your portfolio than you did at your job in the last month. Someone didn't even believe that you're in your six figures or whatever on that unit swap thing. I think too. They don't believe you. You're not a real person doing these actual in school. I'll show you the actual. I'll show you my actual portfolio. And by the way, I told everybody in school before I did, okay, I'm looking at this and I told them when I did it. And you know, hey, you know, the timing was timing turned out to be impeccable. I'll just say that's I feel so good about. We have been trading altcoins is not easy. It's almost like dancing through a coal, like a like a pit of coals at times feels like a pit of coals because you can get burnt many, many different ways.

46:25But we've been navigating this pretty effectively now, something that we have to pay attention on this coil. It's playing out in a really, really beautiful way right now in the weekly timeframe. This time we saw, you know, a deep money flow into the red followed by a coil up type scenario was indeed that mid 2023 to end of 2023 timeframe, where Ethereum basically range from, you know, it was about $1,300 up to $2,000 for many, many months before making that move to the upside. Right now we're seeing that same coil up pattern play out on the on the weekly timeframe for money flow. This actually looks very, very pumping. Now Ethereum to Bitcoin, a very important metric to pay attention to. This is something that caused me to front run the entire market, large. I think it was only like us in Matthew Highland that were moving this aggressively in altcoins a few months ago. Money flow on Ethereum has stayed red for a thousand, 100 days. Okay, so this has been a negative downturn in money flow for over a thousand days.

47:37And we are just now, just now on this timeframe, peaking our head barely into the green right now. I think the amount of suppressed aggression that Ethereum and these altcoins have when it comes to their prices being beat down, they're still useful protocols are still revenue being made. There is about to be a very, very hated, hated movement that's going to occur before people are ready for it in the altcoin sector based off of this theory. I made the moves months and months ago, a lot of those positions are up 100 some 200% and even teach you, I think you made the move on you in a swap like two weeks ago or something like that. You already what like 50% or 100% on that, you know, 50% somewhere between 1500 and I have to look today, but it was yeah, it's it was good. This is the money should we have to pay attention to to navigate the altcoin sector correctly. Absolutely. I think Ethereum to Bitcoin charts matter a lot and seeing how long Ethereum has lost to Bitcoin, it is going to be vengeful. It's going to be a hated rally.

48:43And there's some points in this eat to Bitcoin chart that I want us to keep in mind as turbulent zones as we move forward because it does look like this ball has enough air in it to bounce up to the 12.5% mark on Ethereum to Bitcoin. Now this is going to be turbulence and also 14% there is a massive amount of turbulence that will be caused on this chart as we continue to progress because Ethereum, the bounce out of this zone is much, much cleaner than Bitcoin chart. This is on the weekly timeframe for Ethereum and if you look at Bitcoin on the weekly timeframe. It's a much different story in terms of money flow. We actually have the money flow trying to make another swoop to the downside right. So we're seeing on larger time frames mind you Bitcoin it's sitting here ranging around $70,000, but the money flow is still deep in the red. This is simply just a bottoming out type pattern happening on Bitcoin and all coins are getting their chance to run early and you know there is a lot of reason for me to feel extremely confident about this happening just from how long this Ethereum chart has had to sit in the sidelines. Ethereum is a very useful protocol stable coin adoption real world assets. That's all happening at a parabolic rate.

50:02The Ethereum to Bitcoin chart is not reflecting that, but I think it will over the course of the next few months as he to showing itself to be much more resilient than a lot of market participants feel like it's going to be also did you see this Charles Hoskinson made a mention. Hugo boss vibes from the Trump administration with their space force uniform. This is going to be the new space force uniform. Hoskinson feels like this is just like Hugo boss very famous famous designer here. TJ what's the over and under that we get like a Trump themed video of our space force commanders like. What's the what's the one that was like Star Wars, but it was the guy with the huge hat the absolute opposite. I was saying this was just pulling that up. It looks like there this is what we've got there you go there's Star Wars. Yeah that's it. There's this there's Star Wars. Yeah space balls. Thank you. Thank you Kelly. Space balls was it.

51:06They should have a polymarket on if we're going to have a Trump themed space force expose. I would love to see something like that. I mean we're I feel like we're ready for it. I mean since Hoskinson had to call it out I had to look at the eight chart. Let's look at the eight chart and see what we're dealing with here. Over the weekend it kept bouncing off the trend line. So we've had this trend line here ever since we're able to develop some sort of bounce off the guts of this volume at 16 cents and it's been respecting this trend line so far. Something just worth taking note of is on the daily timeframe. I see a very consistent downturn to the momentum wave heights. So seeing it around 20 cents 22 cents. It's not so scary. I'm only going to start really worrying about Ada from a monetary standpoint if it loses 16 15 and a half cents. The guts of this then you got a quick ride to 10 but as things sit right now Ada is trying to rise with the rest of the ships and another altcoin and another major person in the world.

52:13Mr Jones Mr Jones and XRP I took one day off of streaming I took one moment to enjoy Labor Day and all of a sudden Mr Jones himself comes out and starts discussing XRP and for all tens of purposes basically says there's going to be asset seizures of XRP because it's so important. I don't know. I feel like this just tells me no boomer there is no boomer on planet earth that is safe from the XRP narrative. I feel that way very strongly. Alex Jones fell for it what's to say that your dad or your grandpa will not fall for the XRP narrative is very strong and you know did it help price know. But XRP in terms of price itself is not looking too bad it's pumped up in this in the 50 SMA on the weekly timeframe for XRP that is proven so far to be the resistance point as well it doesn't have as much bounce currently as ETH or the regular broader altcoin sector.

53:23But XRP is trying to defend itself at this previous shelf at about $1.35 now XRP does have some more room for pain I would say that there's a little bit of bad news that came out about 267,000 XRP are affected of a ledger wallet app taken offline after a breach ledger based wallet app taken offline after that security breach impacted all of those XRP tokens. XRP health care so if you're speculating in XRP health care beware not only of this short lived narrative that XRP health care is providing but also this is a movement on the AI health care platform. Not a great look I don't know who would be speculating on this do you remember the D sign narrative. I think that one actually will come back I remember when it came up before I was saying I think you're you're too early on it you know a cycle or two to early I you know the fact that.

54:26Again all these billionaires whether it's CZ or Brian Armstrong or whoever it is are very interested in this I do think it will remain interesting as AI you know it will cross with AI just like everything is. And longevity is definitely a growing focus in this for capital so. I think it will be relevant the whole like I don't know if it's you know decentralization part of it will be but I do think longevity and health you know kind of that live forever type stuff there will be projects that make a lot of money doing that now I don't know how that relates to crypto again I remember saying this before like you're way too early on that because. You know we haven't even really seen defi hit it stride yet and we're about to we're seeing that now this cycle defying AI and maybe. As you get closer to 2030 some of those kind of catch on maybe but I think the concept is real the timing was just off which is very common in crypto we love to be bleeding edge and the people that are on the bleeding edge of this stuff are usually live in five to 10 years in the future and it takes some time for things to catch up now.

55:38That sounds like that might be a good thing but that doesn't mean your favorite project if you're 10 if your favorite projects 10 years early that doesn't mean it's still going to be relevant when the timing catches up which we've seen time and time again. Yeah I mean it's got the unit bias I mean look at this is so it's number five in terms of size of market cap someone comes here and they look at all right i'm just going to open coin market cap or any crypto you know info database and they're going to see bitcoins that. They're going to see bitcoins the biggest market cap at 78 K then the next one 2500 the next ones that stable coin maybe they'll buy it thinking it's going to pump or something if they're new but stays a dollar B and B is almost a thousand bucks and then number five right under B and B is XRP at a dollar 41 and that simple basic unit bias as long as XRP can hang out in or around the top five or top six crypto projects that unit bias is going to be. Big deal because Salana comes in under it at a hundred hundred bucks then Tron you know 33 cents maybe catches a bit or not but hyper liquid again at 83 dollars and Z cash hit 1200 and 50 dollars this weekend I could not believe that charts watching Z cash absolutely rip almost 1200 dollars absolutely and I can see something is polka dot pumping I'd be surprised if polka dots pumping really good I mean that's one.

57:05Let's actually go look at pop up I mean everything's kind of moving I did I did see it was moving over the we were in the hey day it was like 50 bucks lot Davis you know. 50 bucks yeah that was a that was a good time no okay but I mean but it's a dollar it is a dollar let's kind of keep this in perspective here so it fell down to 70 cents so it's up by 50 percent I buy 50 percent of the last few weeks if you bought the perfect bottom if you you came in here and bought it at 75 cents it's extreme all time low you're up by 50 percent that's a hard one to time out that is a hard one to time out one that's the reality yeah nobody there nobody who's excited about the polka dot pump right now bought it in the you know at the absolute bottom they're probably holding it more from 20 bucks but you know this is crypto so we get excited about any any movement. You see they're like a concerned father. That's exactly that vibe.

58:12Yeah people people learn you know I you can tell them as much as you want but they don't you know they got to they got to do their own do their own research means lose money a lot of times in crypto so yeah yeah and there was a time where the parachain or the you know the interoperability narrative it was strong for a bit it was relevant and that's what's interesting is like it was relevant they tried it was a viable experiment but it failed and you got to be willing to admit like hey this experiment it's not mean it's going to zero just means it will fade into obscurity over time nobody's using it you know it was funded but it had big funding at the beginning and it was very sophisticated technology that just largely didn't get adopted and like and like this is my same theory with many other layer ones it's going the that battle is going to be tough if you're not a theory of insulana you know and maybe you know maybe some layer two's on a theory and you know again there's some space for some other ones but it's getting tighter and tighter where as more and more capital and liquidity flow on to I mean it's really a

59:20big problem that's winning you know in a big big big way right now and so you know why if there's no incentive if you if you're building to build on something that's not you know plugged in with everything else you know you're going to be go off and build on an island it's just it's tough you know so yeah this is where you know there are seasons where I make lots and lots of money of all coins but there's also a season to batten down the hatches. Thankfully I feel like we've un unravelled ourselves out of the inside of my tank and gone back in the all coin sector at the right time so far it doesn't mean that we couldn't see something really really bad I mean the war is still going on right now all that stuff is still a pressure but we're basically just been we are very very

1:00:40careful around and then you can take the money go speculate with it you know things like that they're pumping their at extreme lows right so it's not that exciting the mark marketing general is looking pretty pretty boy and right now I am seeing that Bitcoin is fighting around the 78,500 dollar mark I do feel like getting back onto the on the trades as we get I like trading you know on Mondays I usually like to wait until to maybe three o'clock but it feels like a Monday but it's Tuesday I can't believe it's actually my boy it's first baseball game today too. Oh really yeah like the first official one he was nuts this weekend took a thousand swings a thousand at bats and in getting prepared for his first baseball game did you make him rest up yesterday I did he rested up yesterday a little pool time he still wanted to go at the end of the day but I was like dude just calm down for the game you know yeah yeah fingers but this is not looking too bad in terms of where we're at at Bitcoin we are right under the point of control right now we are in kind of no man's land when it comes to

1:01:49trading this channel so I keep you guys updated if we do tap this 77 keep a live update on those liquidity levels in our school and we have a call this Wednesday so tomorrow for the school at 2pm as well. We take one day off in the week feels like it's just flying by on us weeks almost over now it's Tuesday I know it's crazy well I feel like Bitcoin's a little sideways but all coins are looking fun I'm I'm glad that we navigated it and we'll be doing some more coverage on really there's a couple different subject matters that I want to cover for the nightly video but you know I'm going to basically focus on the most important news we have to pay attention to for the remainder of the week. Keep your own updated and if you are out there trade safe we got a great trading partner to bit zoom X we got some great deals going on so get in there learn how to trade T. J. reminds me of my dad tell me to keep my vehicle stock. I'm you know what that is the total vibe right there is like don't add that lift kit what are you doing you twig. I remember those days I remember those days he just he's a reasonable approach guy you know

1:03:00I'm just trying to make you guys for making the same errors and challenges that I have but yeah stay safe out there stay on chain we'll see you guys will ride the pumps with you see you guys soon.