Bitcoin Crypto 🚨 BTC Price Moving!!!🚨

[Music] 50 [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] he [Music] [Music] FY [Music] [Music] [Music] he [Music] [Music] [Music] see [Music] [Music] a [Music] [Music] [Music] [Music] come on FY [Music] oh [Music] he [Music] oh [Music] [Music] n a [Music] [Music] w [Music] [Music] [Music] [Music] yeah n [Music] [Music] you [Music] [Music] [Music] good morning everybody welcome back to kupo Warehouse my name is Mike it is the 3rd of September 2024 we are live this is not a recording this is not a pre-record we are here we have people in the chat already some people on their holes some people early today especially Tariq um we are going to go through a very very not technical but number crunching type of stream today uh there's not a lot of news and I want to mix it up a bit so we've got a lot of charts to look at today what we're going to do then is we're going to look at the FED policy loosening their purse strings starting to print the money and where are we going to go from here as you can see my titles are legendary the title of the show today is loose power okay you've only got to replace one letter and you understand what we're saying uh good morning Peter and Eugene uh we're going to go through salana inflows and we're going to talk about salana at the end of the show as well when we go through defi llama we're going to look at xrp layer zero again defi llama we're going to look at some charts some numbers there then we're going to look at uh the SEC and monkey pictures what's going on there all of that first we're going to do some X Files and some some more charts and we are going to get on with trying to get through all of this in an hour if you're new here smash the like button and also don't forget to give us a follow we are up to 161 a half thousand followers there was a massive jump yesterday no idea why but it was a huge jump excuse me good morning T Resa Tariq is in chat hidden agendas jabir jabir is in chat I think kesan is around uh Eugene from South Carolina getting closer to deadline day over there in America you've probably got what September and October two months left November the 5th I believe good morning Daniel good morning Chris welcome to the stream now then let's get on with some uh some action what do I think of the flux recent news well you know what Peter you've put me off flux um I saw it pump I didn't even bother to look at the news because I thought if Peter says it's trash it pretty much is trash so I didn't going to look at it now then we're coming in just below 59,000 we were over 59,000 before the start of the show ethereum is coming in dead on 2 and a half thousand BNB 535 salana 13 is coming in at 135 is we're going to talk about salana uh we're going to talk about some food that's been surrounding salana and why I don't think you should pay it any attention whatsoever xrp 56 cents and D is coming in at about 10 cents what's up then Mantra is up Peter will be happy it's back at a dollar dog with hat 160 probably pumping on the news that I was giving it a big thumbs up yesterday on the stream AUD is up 177% flow popcat quite a few gainers but again we did come down an awful lot not many losers IMX really really and helium and Tron down just a touch that's pretty much it from the markets we've got a lot to get through I am not going to Dole uh market cap was 2.01 trillion yesterday 2.06 today it's up 2% volume didn't change because it was Labor Day in America they had a day off brilliant uh Bitcoin dominance and eth dominance is coming in just over 71% that hasn't changed in months fair and grade is 47 I don't know whether it is fair and greed now as I said we have a lot of charts we're going to go through today we are going to look at the dxy we're going to look at the eth Bitcoin chart and then we're also going to look at the Gold versus Bitcoin and the silver versus Bitcoin chart so a lot a lot of graphs defy Lor we're going to look at the airdrops the treasuries the fees the expenses and the chains there's a lot to go through but from time to time I appreciate I was thinking about this last night I was thinking there's a lot of people now that have been watching me for over a year that probably know the basics yesterday we covered proof of work versus proof of stake which is really simple stuff and I was thinking what I'm going to try and do is mix it up with a little bit more technical stuff as well as simple stuff just so everybody has something to watch now before we go any further sometimes you just have to appreciate how incredible the world is this was a lightning strike on a volcano in Guatemala okay sometimes you just have to include things that have nothing to do with crypto because they are amazing to look at now I wouldn't want to be nearby of course because that is very much likely to set off a volcano and have you running for the hills let's move on then with the serious stuff because we've got a lot to get through a lot to get through now again I've been measuring the the Bitcoin price action from about March and that's showing lower highs and lower lows uh what Matthew Highland is suggesting is as long as we hold 56 we are putting in higher highs and higher lows since the start of August now that might not seem a long way away but that was actually five weeks worth so there is something in the chart now when we go on to talk about Bitcoin in a minute I'm going to give you a rough estimate of when I think we're going to hit $100,000 and it's sooner than you think not too soon but sooner than you think the poll today can Bitcoin hit 100,000 by the end of the year 85% of you say yes and 15% of you say no wow that is super bullish so you're expecting a 95% pump in the next 4 months that's some going well my target is a little bit further along than that now this is a nice chart from holdal 15 Capital this shows you the amount of Bitcoin being bought by the ETFs since they've started now I did say July and August would be boring and slow okay and some of you out there some of my detractors out there have said Bitcoin is never boring and July and August haven't been well they pretty much have we've still been in the range that we haven't left since March this kind of illustrates what I was talking about we've had a very bullish January February and March q1 Q2 April May and June not really a lot going on then look at July which starting to move up August everybody's gone on holiday only a net purchase of just under a th000 Bitcoin in August so August really is slow uh Peter said no way to 100k this year Well I'm going to give you my target Peter and for once I absolutely agree with you but my 100,000 Target for Bitcoin is coming in pretty close to what other people are saying is going to be the all-time high this cycle now then Dan crypto trades Bitcoin is the 5th of September going to Mark another important pivot we've had three consecutive months where the fifth of the month has marked the monthly high or low I would say that of all of the chances are we going to see a monthly High by the 5th of September well if we're going to come down to 55,000 like we said yesterday then we could wck up to 59 60,000 today and tomorrow maybe touch 60,000 on the 5ifth and then spend the next three weeks coming down to 55,000 that is a distinct possibility I don't see the markets turning just yet and the FED which we're going to talk about in a minute the FED might start to loosen that up but I'm not sure that's going to be massively bullish news for Bitcoin just yet now then this is what we're going to talk about at the very end when we go through defi llama there is a lot of contradictory statistics coming out about salana we've got a piece in a minute talking about salana has the largest number of inflows and yet we're looking at this and this is I'm not going to say it's a hit piece because it's factual sana's onchain volume has hit alltime lows even at $12 salana has more daily onchain volume what happened now I'm going to show you in defi Lama when we bring that up at the end I'm going to show you why this is nonsense you cannot and this is what politicians do all all the time they take a single statistic and they look at it and they do not have a comparison okay now I'm going to show you later on why even though salana is down you can't take it out of context from ethereum because ethereum is also down you can't take it out of context from other chains because they're also down so although Sal is down if you look at it on its own it looks like it's bad news for salana and you'll start to think why is it the Tron pump. fun going live are meme coins starting to pop up on different chains is it sucking the liquidity of salana no it's not I'm going to show you why later on and I would do this for any chain I'm not sitting here defending salana I'd do the same thing if it was ethereum I talk all the time about how much money ethereum brings in in fees just be careful when somebody hits you with a number just understand that those numbers are meant to shock you in that specific instance now then we'll start with the dxy this basically shows you the health of the the dollar if you like against everything around the world now we have bottomed we bottomed and we whipped all the way down to 100 now we're back at 101.8 what does that mean well we've been in this downward Channel since June so July August two and a half months say we've been coming down all we've done is come back into the channel now what is likely to happen is something like this now even if we do break up it doesn't matter because the support band is still going to form a level of resistance for it so I don't think we're out of the woods yet in terms of the strength of the dollar but this is good for Bitcoin having a weaker dollar is good for Bitcoin we've covered this thousand times before but if we go back to October and we look this area here is when Bitcoin went on its preh harving rally and the dxy came from 107 all the way down to 100 so it lost what's that about 7% of its value so these downward spirals normally help Bitcoin except when Bitcoin is crabbing the way it is now so it's good news that we have a weaker dx1 why I'm hoping that the money printer gets turned on and interest rates start to get cut and then we'll really start to see a flush out in the dollar right let's move on very quickly we have a lot to cover today and I want to try and whiz through it as fast as possible so I'm just going to show you some comparisons of Bitcoin remember we've been saying that ethereum if you'd have held Bitcoin and not anything else apart from maybe Sana and Tron and ton sorry if you'd have held Bitcoin again against ethereum from September 2022 until today so two years two years ago you could have got 11 ethereum for your one Bitcoin today you can get 25 ethereum for your one Bitcoin so ethereum has lost what 60% no and 10 120% of its value against Bitcoin whatever the number is I can't work it out right now but you can you can get two and a half times the amount of ethereum today than you could two years ago and we have got this bottom line here which is 004 that we said it would come to now we still have some time to go before ethereum really starts to break out when the interest rates start to be cut that is when hopefully within a couple of months we start to see the Bitcoin dominance break down and we start to see the alts rally the alts have taken an absolute smashing now we're getting the rate cut probably in the next 3 weeks that is going to be good all right it's going to be good for the alts now gold versus Bitcoin you will see Peter Shi now let's just start at the beginning this is the value of gold against bit point it has absolutely tanked ever since it started 20 2017 this goes back to for seven years it has tanked now what you will find when you listen to Peter Schiff is you will hear Peter Schiff get really really mouthy saying how much Bitcoin has lost against the value of Bitcoin look how much we've gained we're up 25% against Bitcoin Bitcoin is finished and then you will get silence until you start to see the tiniest tiniest little pump of gold against Bitcoin and you will see this and you will hear Peter Schiff will come out of the bushes and start telling you how gold is the best bet against Bitcoin what Peter shiff never tells you is he has been calling Bitcoin for about seven or eight years all the way up here he has been calling it Bitcoin is dead Bitcoin is finished Bitcoin is rubbish gold has done nothing other than lose value against Bitcoin over the longer frame time scales on the very short time scales and I mean very short time scales you will see as with everything these small gains buy gold against uh buy buy gold against Bitcoin don't listen to these people and it's not just the gold Maxes that will tell you this it's also the silver Maxes now silver I believe has had a better run at Bitcoin than gold but again let's zoom out and let's just remember where we've come from okay 2017 [Music] it's done nothing but this it's come crashing down give me one second there we go okay so silver if you go from January last year it's gone down now what you will hear from the silver Maxes is they will ignore all of this area here and they will focus yet again we zoom in on the daily they will focus on this line here which is again very similar to Gold the breakup of silver against Bitcoin over the long term gold and silver have both lost against Bitcoin dramatically now is that going to continue at such a pace in to the next 10 years no it's not gold and silver are established Commodities they've had their price they've slowly accumulated in value over the last 100 years Bitcoin is new 14 or 15 years old it's playing catch up at some point Bitcoin is going to find a natural level against gold now I am not saying it is going to overtake gold I'm saying it's going to find a natural level maybe it will bottom out and gold will start to make gains in the next five or six years we don't know for certain but don't forget gold is not a finite asset it's being dug out of the ground all the time and there is an inflation in gold and the further along the line of the harving we go the less and less Bitcoin gets printed we've already printed is it 96% we've already mined sorry 96% of Bitcoin it's gone okay we've got 4% left to go and that's going to take a hundred years to get out of the ground right then let's move on very quickly we've got a lot to get through so I've got to say I'm proud of my title today loose pal I am proud of it and the reason I'm proud of it is I think it sums up the way he is going to act for the next 6 to 12 months if he stays in his [Music] position lucif fed policy Global macro Trends points a bullish outlook for Bitcoin not just Bitcoin crypto in general Bitcoin may be decoupling from concerns about us recession and aligning more closely with the US Dollar's performance and signs of easing monetary policy we don't need to read through all of this according to an analysis from the asset manager Etc group sentiment around crypto assets dropped in August to its lowest point since the FTX collaps in November 2022 remember J July and August the fund managers go away the volume drops significant ly why because they have families they go on holiday they go to Martha's Vineyard they go to The Hamptons okay they go and play in their pools with their kids they're not in the office July and August low volumes that's why it's boring so there's not going to be interest because they're not actively selling their funds in those months but the people they're selling to are also rich and they're also in the Hamptons and Martha's Vineyard so they'll also be coming back and why do they come back in September because their kids are back at private school so the kids come back everybody else comes back we're going to see a pickup in volume in September moving into October and that additional volume is going to help the markets now there are fears of a recession we talked about that but the lowering interest rates coupled with the money printer is going to put more money into the economy it's going to stimulate it don't forget the FED already started this what was it two or three weeks ago they're doing $30 billion a day of assets uh asset purchases so they've already started the money printer but the interest rates now not now need to start coming down we think the combination of the macro and crypto sentiment capitulation in August most likely marked a significant tactical bottom in Bitcoin what did we say on the stream yesterday we said we are pretty confident that Bitcoin find its local low in August in the year of the harving we went down to 48,900 certain that that's the bottom if that's the case we are just chopping around for another four weeks the direction of travel is clear and the timing and pace of rake Cuts will depend on incoming data the evolving out look and the balance of risks says the Fed chair according to dragos Pal's comments were an indication that the FED could no longer tolerate deteriorating labor market conditions and pointed to rate cut starting in September our own market-based measure of monetary policy expectations is now clearly signaling positive expectations for monetary policy this is bound to provide a positive Tailwind for Bitcoin so of course we don't need to read anymore about this there is still the overhang of the recession which I don't know if it's going to happen or they're just going to fudge the figures yet again to avoid it that is more likely now I'm going to show you before I show you the Bitcoin chart I want to show you kind of like a dummy guide to chart patterns and I want to show you something let's look at this can you see any pattern on this screen that looks remotely like the Bitcoin chart now let me bring up the Bitcoin chart which I think I've already left the lines on in my defense okay every day I do the same thing okay so can anybody recognize a pattern on the screen there that reflects where the Bitcoin action is right now the bullish flag the bullish flag here I don't know if you can see my mouse wavering over it's on the left hand side near the bottom the bullish flag now we are in this bullish flag and we're going to break out we've said October I've marked it from the 30th of September so pretty much the 1 of October I have marked this where does this take us this takes us to $100,000 on the 17th of March why is that important because the S isn't the 17th of March something really famous is it not it's not Patrick today is it seriously 17th of March it's St Patrick's Day there we go so that is my prediction for you you ladies and gentlemen I predict we will hit $100,000 on St Patrick's Day for those of you that don't know what St Patrick's Day is it's basically Guinness day that's what it's become it's not really about St Patrick driving snakes out from Ireland it's more about people wearing silly Guinness hats and walking around getting drunk drinking pipes of Guinness so $100,000 by St Patrick's Day that is the target I I don't think we're going to do it by the end of the year according to this line which again finger in the air 80,000 by the end of the year 100,000 by March the 17th St Patrick's Day so there you go there's my Target in the shorter term then what do we need to do well if we listen to what we've just been talking about with uh I think it was Matthew Highland we really need to hold the bottom of this line which is coming in at 50 about 56 561 that's what we need to hold we need to stay in this range and we need to get from here we need to get to here if we can do that and stay intact 100,000 by St Patrick's Day and the Liverpool fans will be happy out there because they're all plastic Irish anyway aren't they right then let's move on as I said we've got a lot of content to go through I'm trying to be a bit more charty today than normal I'm trying to be a bit more charty because again it doesn't rely perfect so when you see the things like this articles being taken down you know one of two things they've asked for it to be taken down or it's been taken down on purpose okay and this was a bullish article about salana one could argue that that any bullish news about salana they don't want they want bearish news possibly but we don't worry about the salana thing we're going to look at that when we get to defi llama in a minute yes Peter you beat Manchester United it was 3 nil Packer has already made point but I just want to point one thing out the football team I support is Stockport County they are my team they are top of League one as we speak so they are only two leagues away from beating Liverpool and mark my words at some point it's going to happen Ripple's Chief legal officer slams the sec's use of crypto asset Securities stop trying to deceive judges which is exactly what they are trying to do the SEC has a habit of saying unfounded things so we are going to go after X Y or Z because they are uh they've got Litecoin Bitcoin and ethereum listed and we call them Securities nobody's ever legally called them Securities or the challenge hasn't been made in Ripple's case it has and ripple has won the sale of Ripple on exchanges secondary markets they are not Securities now if that applies to Ripple it should have apply to most other cryptocurrencies there is two parts to cryptocurrency there's the initial coin offering and there is the secondary Market both of them are separated because Ripple has no say over the control of those tokens once they go to the secondary Market un unlike shares so he took to social media the term crypto asset security is nowhere to be found in any statute it's a fabricated term with no legal basis the SEC needs to stop trying to deceive judges the judge ordered of course Ripple to pay $125 million penalties um the penalty is related to charges of improperly selling its xrp tokens to institutional investors uh not no that's not quite the truth either the article hasn't quite uh highlighted this it's the initial coin offering where they sold it at the beginning to institutional investors not continuous not the sale of assets today and yesterday however part of the settlement is that the xrp uh or Ripple sorry will not sell to institutional investors moving forward so after he uh expressed satisfaction with the outcome we know about that he criticized the current Administration for taking an anti-crypto stance and engaging in what he described as a war on crypto which is true last July judge Analise Torres in Manhattan granted Ripple a partial Victory uh ruling that xrp sales on public exchanges were not considered unregistered security offerings it wasn't a partial Victory it was more than likely or my definition would be that it was a unanimous Victory with a small penalty to pay for something that they did 5 years ago everything they've done since is perfectly fine so let's not try and bur the edges anjala or anali that's not quite how it worked uh now actually you know what we don't have time to go through we don't have time to go through the chart on xrp and to be honest all of the charts are looking very similar at the minute so we're going to move on I want to get to the defile armor section so we can have a bit of a chat about the graphs on there uh let me just get rid of some of these spam comments that are coming through it's just a constant spam um you know what hang on one second there we go one second I'm just turning the chat off it's just constant spam there we go if you want to talk to us or ask us any questions uh you're going to have to contact us by different mean uh does H Liverpool have its own coin yes I think it's called second place coin uh I think that's the name of it it's called second place coin um it was called the clock uh but they rebranded to uh second place because they would have called it Arie except uh Swartz nigers got that now Leia zero Foundation unveils a massive 5 million zro token Rewards program now I think we mentioned this in a tweet a few weeks ago Spam ham uh so the ler zero Foundation has a initially launched its Community program so 5 million tokens is rewards to encourage participation and engagement within its ecosystem the new program offers three key roles Community member Builder and content creator whether you're a builder content creator or Enthusiast as a place for you here's what you need to know and there are some roles in there intern hero OG Legend and God members who joined before June will receive an initial allocation of 25,000 tokens the Leer Foundation has implemented different levels within the program very very good what I would suggest that you all do um is go and Research into the uh zro token airdrop um and see if you can uh take part in it and get free tokens and remember the best way to make money in crypto from these new projects is to get airdrops get air drops that don't cost you anything and go to one of these platforms interact on Discord interact on telegram get involved with their communities do their Community um tasks go and use their galxy pages to get free tokens that's the best way look at the dogs people the dogs people that got 40,000 dogs I think they walked away with about $50 or $60 each so for those of you out there saying I don't know how to make money I don't know I haven't got any money or how do I get into crypto there's lots of projects that incentivize you to get involved I think Resa or somebody told me in chat in OG chat uh last week that although dogs has been dropped the next one coming up is cats so you would go and get involved with that the click to earn games on ton they can also make you money and basically you're trading your time for tokens that's what you're doing and if you do get you know 40 10 20,000 tokens and you end up making $40 or $50 out of it for 2 or 3 hours of your time then you're earning $5 $20 an hour which for a lot of people is a lot of money and believe you me I've worked for far less I want airdrop but I don't want to hand my portfolio details as I don't trust you don't have to hand over your portfolio details you don't even have to um connect to wallet in most instances if you use Galaxy now again just bear in mind I am not associated or sponsored by Galaxy okay I have nothing to do with these people what galaxy is it's like a missions Center where you can is it going to let me in without connecting my wallet here we go right so you have got all of these different projects down here right trending quests is a good one uh token rewards uh you've got uh airdrop tutorials I mean you've got an awful lot of things in here you can go and you can take part in some of these projects and you can get rewards from them so if you are you know if you do need some money or you don't have any money you want 5 10 15 $20 go and join Galaxy get in the take the tokens that are given to you you can send them to The Exchange you're on now and then sell them okay but if you don't spend time on these projects you you're not the world does not revolve around getting things for free there's nobody coming to save you the government doesn't care about you go and make your own way go and be proactive and make yourself your own income don't sit there and expect anything to be handed to you on a plate that does not happen so go to Galaxy again I don't use it I don't have time but a lot of people do you get a lot of tokens out of it and if you spend two hours a day on Galaxy I guarantee you you're going to make money out of it I'm not saying how much but you will make money out of it so layer zero they have probably got their own Galaxy program go and check it out again nothing to do with me not a sponsored arti at all I just think these types of things are where you get air drops I I give you two examples piye is it an app I can use on my phone I don't know if Galaxy is an app you can use on your phone um I really don't know let's have a look uh do you know I don't know let me go and have a look I don't know if you can if you can use it on your phone it' be it'd be handy if you could it'd be really handy if it could uh but I don't know I've not looked into it so you got the passport the quest the score normally it'll have something at the bottom saying whether it is a an app or not I can't see it maybe maybe you'd have to go look at it but anyway look at the the different blockchains it covers I mean I remember doing this I was looking at I think it was say SEI the the uh the blockchain it had just launched and all the projects were running off it um and they were all using Galaxy so under say I was getting uh there was like 20 or 30 uh kind of promotions on under to say it it's not my job to uh to tell you what to do but if you want free money then you've got to spend some time on it uh you're not going to get anything for free uh it's going to cost time it's going to cost effort um you know but again some of these rewards that you get on Galaxy join their Discord Channel join their telegram group follow them on Twitter give them your email address to put yourself onto um a mailing list four absolutely standard easy to do things okay those things will earn you points those points get turned into tokens okay so it's not create a 5,000-word essay on this project it's simple things go and retweet their pinned tweet all of these things are really simple things to do but it does help them but go and have a look at it as I say it's not it's not something that I necessarily uh use uh but if I was if I was penniless and broke I'd be all over things like this and I'd also be applying for uh Discord Community managers uh you can get paid for that you can also get paid to do um moderation so chat moderators so what we're doing right now uh Peter could become a chat moderator in chat uh we'd pay him in crypto and he would make sure that you were all uh you know hitting the like button subscribing things like that loads of things you can do now we're going to move on I've given myself plenty of time to get through this and this is actually a really lovely segue because we're going to go from looking at Galaxy and layer 2 we're going to go over to defi llama now I haven't looked at defi l in a long time like I said today's stream is not meant to be super complic at but it is meant to be something of interest for people who know a little bit about crypto so this is defi Lor let's start from the beginning okay what is defi Lor it is a massive collection of data regarding all the blockchains everything out there is on defy Lama and on the left hand side you have everything chains you can look at airdrops Treasury IES oracles you have yields um you have Bridges governance liquidations volumes fees you have all of it on the left hand side and it is very daunting I get that so what I'm going to do today is I'm going to pick out some things that we're going to look at we're going to look at air drops which is a nice uh segue from Galaxy we're going to look at the treasuries how much money is being held by projects we're going to look at fees what fees are being generated by the by each chain we're going to look at how much is each chain or sorry each project spending on an annual basis so you can see what the burn rate is like and then we're going to look at dexes and we're look at the chains so we're going to start off and look at airdrops so defile armor anybody can get into it you don't need a subscription you just come to the front page of defile armor you don't need to connect your wallet either now what this is doing this is tokenless pro uh protocols that may carry out an airdrop and you can order it by uh tvl which is what I would suggest you do now we're going to ignore the first two because aen layer is absolutely massive and it's going to have its own airdrop we're going to move further down now these are some fairly substantial projects zirut staking has 1.9 billion spark 2.5 billion this is the tvl total value locked now how do you earn an airdrop from these platforms well very simply if it's a staking platform you need to stake your assets with them so puffer Finance igon pie they are all liquid reaking platforms if you look at Spark It's a lending platform you might be able to uh rather than borrow you might be able to lend some of your eth on that platform free protocol you probably earn those tokens from bridging using them swell again is a farm uh Merlin's seal is a bridge carak reaking uh mellow kelp reaking platforms derivatives we will ignore but bridging liquid staking you get you get the point okay interesting one there is Franklin Templeton uh real world assets they don't have a token they're probably not I don't think they're going to land a token so you get the gist letting your money work for you through a lending platform staking your tokens like ethereum and bridging your tokens between chains they are the the three things that will probably generate you your your airdrop okay now I'm just scanning down here to see if there's anything that would jump out to me on anything that I would use too complicated for me I will just buy normal I I I totally agree like I said this section is a lot of charty things and um some of the other things we're going to talk about in a minute will be of more use to you but the point of the matter is that you can go and look at some of these chains can you use them if you have ethereum and you stake it with one platform can you go and stake it there is there a rumor about an airdrop for one of these projects so that's where I would go so that's air drops on Def arm it's very straightforward you pretty much need to lend your assets Bridge your assets or stake your assets and that at some point will give you some kind of airdrop eligibility I did the same thing that's the the um the example I was going to give you I used Jupiter and bird eye for my deck Trading I also used Ora I used radium radium and Ora both had their own token by the time I was using them but Jupiter didn't I got two air drops this year was it this year beginning of this year maybe uh one was my Jupiter airdrop and one was my pie air drop and between them I think I made about $3,000 okay what did I do to earn that $3,000 I used Jupiter for my Dex transactions I used pie P because pyth is an oracle it was you know I was using their prices when I was doing the swaps on bird eye and and and Jupiter so I my wallet built up a a history and that's what you need to do when you use those platforms you use them and you build up a a history and you don't have to do massive numbers you don't have to do $5 million in turnover you probably put a few thousand through each and believe you me that builds up when you trade back and forth over at over a 6-month period you can easily do 10 to $20,000 in volume and you'll be guaranteed an airdrop it might be the smallest airdrop but that could still be $50 or $500 so keep that in mind now then let's have a quick look at this give me one second I'm getting a there we go radium is cool yes um so then protocol treasuries so this is how much each of these projects has in their treasuries now it's a little bit there we go let's see if we can order it by treasury there we go okay so this is how much money each of these projects on the left have in their Treasury and in some instances it's a huge amount of money and what you have to do is you have to look at what percentage of that treasury is in their own token okay because that is a bit of a giveaway a bit of a key to understanding how much money they really have I'll give you an example FTX a lot of their assets were held in the FTX token so when that token started to fall in value their treasury fell in value they had to sell more of their token to keep the company afloat that caused a downward price um movement and then everything else just went to hell in a hand basket so if you see these orange bars on the left you will see that those orange bars reflect how much money is held in their own token so Unis swap has a treasury of 2.46 billion but 100% of it is held in their own token mantle is better mantel has 2.4 billion but only 1.74 billion in its own tokens it has uh 564 million in uh Bitcoin and ethereum 37 Mill million in stable coins so it's Diversified it's portfolio I think that's the ethereum is that ethereum Foundation ethereum Foundation has 688 million that is all in ethereum eum it's blue it should be orange but it's doing that because it's a MJ token so this is interesting because if I made a token and my token was worth $1 billion and I sold $10,000 of that token to you and I kept the rest my treasury would be worth $1 billion or $999 million so it's a little bit of a false economy when the treasury is held solely in the asset um that they have basically printed out of thin air you can move further down and then you can start to see things like maker maker although it's only got uh 280 million in its treasury it has 55 million in stable coins okay that's a decent portfolio diversification you can look at India uh Relief Fund that's got 21 million and 27 million is in stable coins so although it's great to think oh wow Unis swap great treasury it's got 2.46 billion it's all in their own token and what do you think they're going to sell to generate income for themselves they're going to sell their own token and that is the problem so what you can look at is to uh total excluding their own tokens and you can see that mantle Gollum nois Olympus Lio ens which is ethereum name service RV maker they all have a supply of Treasury funds which are outside of their own token and that's something you need to look at when you assess the viability of a treasury because what happens is if the Unis swap token went to 00001 Cent tomorrow they'd have no money it would go bankrupt okay in theory they'd have no money if they didn't have an in an external source of Revenue uh mantle has 654 million in outside assets so that would survive arbitr only has 37 million of tokens outside of its own treasury so those things have got to be looked at because it's smoking mirrors in some instances and that's what's important to look at now the next thing you need to look at is so we're talking about these projects going bust if they don't generate enough Revenue look at what's generated fees let's look over 30 days I think that's what it's it's set to anyway so who's made the most money over the last month tether has made 400 million in fees Circle 123 million in fees they are both stable coins they are both up there but look look at the others Unis swap we've just said if they if their token went to zero to tomorrow how would they survive they've done 37.5 million in fees in the last month alone so annualized what's that $450 million a year turnover I think they'll survive you've then got the big dog which is ethereum 56 million in fees that money goes back into their system they can then pay for more development and build out better Tron incredible 61 million but then you look at salana which is what salana is the fourth biggest crypto asset that's generated 23 million it's generated less than AR pan Quake swap gito Unis swap ethereum Tron it's it's only in 10th position but still $23 million it has generated in the last month and that brings me on to the point that was in that tweet earlier on uh what is bitcoin wrap that is wrapped Bitcoin so wrapped Bitcoin is basically a synthetic version of Bitcoin if you wanted to trade Bitcoin on the ethereum blockchain or one of the layer twos like polygon arbitr optimism uh you'd need to wrap your Bitcoin they put the Bitcoin into a vault and they give you wrapped Bitcoin and that is held in the vault so what what you're trading with is held Ono one with Bitcoin it does vary slightly and it can dpeg and it is riskier than holding the native Bitcoin of course so the point of the matter is look at how much money these projects are generating look at what's in their treasury okay they are important how much money do they have and how much money are they making because as I've said to you time and time again in two years time if we scroll down on this list okay and we go to let's have a look let's go all the way down okay all the way down here uh it doesn't really matter how far we go down but let's say we go down to here okay unibot has made $124,000 in the last month in fact is Phantom on here okay never mind right let's keep going back down here right where are we uh let's go back up two let's get some fees on the board there we go okay so look at the fees that are being brought in Maple finance $616,000 a month in fees that is exceptional okay could they survive based on that yet look at pendle's $700,000 in fees in the last 30 days we can go further down you're going to see names that you you recognize list of Da $423,000 a month uvinum $374,000 a month so these are still substantial amounts of money that are being generated by these projects most of these generating this amount of Revenue Will Survive others will fall by the wayside you come all the way down to Doge $65,000 a month but they print it into Infinity anyway that doesn't matter uh Z ZK uh swap Finance 54,000 could they survive on that a month absolutely so you need to go a long way down to find the companies that probably aren't going to make any money and they're the ones to avoid if it's not generating income it's a problem so you've seen the fees that they generate you've seen the size of the treasuries the next thing to look at is what does it cost to run these different projects and we have annual expenses for some of the projects not all of them because we don't know now make AOW 97 people work for makad out the annual expenses $27 million a year $2 million a month to run Makow Lio $1.2 million a month to run that Maple 7 what's that $750,000 a month to run that arve Sushi badgerow year Finance beefy $2.5 million a month to run beefy so you've got a very short list yes but it gives you an idea of the burn rate of some of these projects and they are ridiculous okay now that's not wages necessarily that could be promotions it could be donations it could be emissions it could be anything okay but they're just an idea of what some of these companies are spending on their overheads marinade which is a very solid project with Millions upon millions in their liquid staking token they're $834,000 a month with a a headcount of eight I think that's a well-run company based on that so again it helps you to understand just the sheer volume that's going through some of these companies and if you see somebody who has a treasury 100% of their assets are in their own token if the fees coming in are relatively low and their expenses are through the roof you know what is going to happen they are not going to be in existence much longer un Finance price is over $7,000 it has a really low um uh what's the word uh really low circulating Supply that's why it price is so high and if you were here the other day I was talking about maker Dow maker I think the token price is $1,250 maker da is going to do a split and it's going to have 24,000 new tokens for one maker da so they are basically breaking up one maker into 24,000 pieces as a new token and I think that's a good idea my theory behind that is very simple if you said to somebody who doesn't know anything about crypto do you hold any Bitcoin and their answer is more than likely going to be I can't afford to buy one Bitcoin that's what they're going to say to you they don't realize they can buy satoshi's if you've got a project like Makow that's $1,200 $1,300 people aren't going to buy it because they can't afford to buy one they don't know that they can buy 10 20 50 $100 worth of a token so you need to find a balance between having a 100 quadrillion tokens and having 100,000 tokens Bitcoin has 21 million ethereum has 120 million okay make AOW is going to have 24,000 times the number it has today and that's going to make it a lot cheaper for people now then we were talking at the beginning of the show there comes a point where low circulating Supply does more damage to the Token though that's my point Peter Bitcoin is at $60,000 people think they have to buy one that's the problem and the the example I gave on Monday was Disney when the price of a Disney share or any share gets too high they do a token split and Disney did a 4 for one and they brought the price back down to about $100 I can't remember the exact details but then guess what happened the price of the Disney token went up faster because it was cheaper because people yet again think you have to buy a whole share so having a token with a circulating supply of 10,000 and a token price of 100,000 you're not going to get the volume if there's no volume your token becomes volatile so you need a balance you know a token price of $1 $10 $50 $100 makes sense a token price of $25,000 it doesn't make any sense because you're just cutting people out of the market now I'm going to bring up that tweet which is this one okay and this and I would say this about every chain so the salana onchain volume has hit alltime lows says Stephanie seag seag SE seal something like that now okay so let's go and have a look at this this is the volume over 24 hours this is the volume over 7 days and this is the percentage of the total volume so look at all the major blockchains ethereum down 122% salana down 20% the chain down 30% Tron 375% down Avalanche 28% polygon 27% all of the major blockchains are down okay ton is down 62% yes there are smaller coins that are pumping fine but look Phantom by the way I did say Phantom might do quite well the point of the matter is the article or the Tweet sorry that I just brought up was pointing at the fact that sana's volume and sana's activity is down to the lowest point it's been since whatever it was 2022 my argument is everything is down we are getting less viewers today than we were last year we had about 10,000 followers last year and today we've got 161,000 but nobody's watching videos nobody's watching the live streams nobody's on the blockchains okay now the the the the theory that I gave was well maybe everybody is jumping from salana to get involved in Tron tron's down 37 a half% okay so the activity across all of the blockchains is down but the art article or the Tweet sorry highlighted salana ask yourself why why did the article not highlight Tron at 375% why did it not have highlight Avalanche and polygon we can see in the top 10 the smart chain Tron Avalanche polygon are all down over the last week more than salana so what why wasn't the headline of the article salana has lost the fifth most uh volume in crypto in the last seven days Why didn't it say that because the article was written to Target salana and the bullish article on salana that I had for you today has been taken down now when was the last time I said this the last time I said this was when everybody was having a go at cardano and I stood up for Charles because it was clear as day they were targeting cardano and it is as clear as day today that they are targeting salana are they doing it to force the price down to buy more at cheaper prices is that the reason we know that VC is like salana we know it's going to be the next ETF so if we know all of those things why are they releasing all of these food pieces it has to be to drive the price down to buy more there's no other explanation I've already told you that Tron the smart chain which is compared to Avalanche which is trying to compete with salana and polygon which is my favorite layer 2 on ethereum they're all down worst than salana but they've targeted salana it makes no sense and this is why defi llama comes in so handy because you can sit there and you can do your own research and say well got a minute because I'm sure if we go back a second to fees for example which is the only thing I'm going to cover now before I go into the last article is it this one there we go sop fees salana is in 11th place over the last 24 hours fees over the last s days days salana is in 10th Place fees over the last 30 days salana is in 10th place so the question then is has salana moved no it hasn't it hasn't moved so why are we talking about it that's the question why are we talking about salana when clearly over the last 30 days 7 days and 24 hours it hasn't moved position the reason salana is not third or fourth is because it's cheap as chips ethereum is more expensive ethereum has always made more money than salana ever since we covered it ever since we went through defi llama with you guys the very first time ethereum has always been near the top the worrying fee is at the bottom with Bitcoin Bitcoin is making less than it has done why if we go to fees over a year for example is that actually going to work okay that clearly doesn't work right we're not going to use the yearly fee um but why is Bitcoin so far down is it because nobody's using using ordinals is it because nobody's using the blockchain why is Bitcoin in 11th place it never used to be in 11th place we don't know so anyway the point of the matter is you can do your own research without being a rocket scientist you don't have to be Steven Hawkings to go and do this and if you look at what I've just shown you you should come out with the same conclusion and that is very simple salana hasn't changed in the last month everything has come down in the last month so then the question I just posed to you was why did that person pick salana and not Tron every hit piece I see on salana that person has a connection to cardano now I'm not saying that person is on cardano they could very well be on a different chain the point of the matter is the people that throw sticks and stones and normally the people from a different blockchain and they have an agenda if we go back to Sam bankman freed as I told you before he had a lot of the Publications in his pocket because he gave the millions of dollars to run hit pieces on CZ and his competitors so why has that changed the names have changed but the strategy hasn't finally then why is the SEC going after monkey pictures open C faces the security scrutiny as the debate over enties as unregistered Securities heats up and cause a stir let's get to the deadline uh the end because it's now 12:05 um they were shocked the wells notice serves as a potential warning they may take enforcement action a federal judge ordered Ryan salami former FTX digital Market Co to appear before court okay we've C to the end of the article end of the day why have they gone after nfts because in lots of cases and in my opinion a lot of nfts are securities and there's no getting away from it [Music] if you launch a project and you sell 10,000 nfts and you make $10 million off those nfts and you set up and employ people and run a business based off those nfts as those nfts are linked to the performance of your company they are securities and the SEC is Right 90% of nfts are securities that's the takeaway that I've got from this and people can bleat and cry and say it's all about the creativity and the art animoca Brands is one of the biggest crypto companies in the world it's worth billions of dollars where did it get its money from selling board Apes selling mutant apes and selling AP coin why is it not a security why is animoca Brands not being investigated by the SEC it should be so let's not all play innocent victims here they are guilty as charged in most cases and the SEC is right to do it there are of course plenty of instances where nfts are not Securities train tickets Stadium tickets season tickets uh tickets that give you VIP discounts at your coffee shop or your Supermarket there's loads of examples of nfts that aren't but when it comes to monkeys when it comes to digital dragons if that project is funded from the sale of those nfts it's a share sale their their Securities and the SEC are right anyway ladies and gentlemen that is the end of the day we have got to the end of the stream thank you all for coming um I am not going to read the latest flux news I'm not going to do it Peter because I don't want you to go and buy flux based on some news you should have you know what you should have done you should have held flux if you believed in it you should have held it but you can't buy back in if it's gone up 29% anyway I'm finished I'm done I'll see you all tomorrow today's Tuesday is it not so tomorrow is Wednesday I'll see you all tomorrow for the stream there is no Wednesday night stream this week no Wednesday night stream uh so I will be back tomorrow and Thursday and Friday this week so take care see you all in the morning you are all brilliant you are all unique snowflakes take care see you soon [Music] [Applause] [Music] FY [Music] [Music] [Music]