A new Altcoin launch, which is being touted as the biggest launch since Ethereum in 2016, is happening today. A live trading show will guide viewers through the launch of the Altcoin. However, no further details or the name of the Altcoin itself were provided in the statement.
As the world of cryptocurrency continues to evolve, there are more and more opportunities for individuals to make significant profits. One such opportunity that has recently arisen involves a relatively new platform called Arbitrum, and a significant trade that has taken place on this platform that has the potential to make someone very, very rich.
To understand what is happening, it is important to first understand what Arbitrum is. Essentially, Arbitrum is a scaling solution for Ethereum, the second largest cryptocurrency by market cap after Bitcoin. Ethereum has become immensely popular due to its ability to host decentralized applications (dApps) and smart contracts, but as more and more people use Ethereum, the network has become congested, leading to slow transaction times and high fees.
Arbitrum is designed to alleviate these issues by offering a more efficient and scalable way to use the Ethereum network. It achieves this by using a technology called rollups, which essentially bundle a large number of transactions into a single transaction, reducing the load on the network.
Now, back to the big trade. In late August of 2021, a trader made a massive investment on Arbitrum in a single transaction valued at over $1 billion. Specifically, the trade involved purchasing long call options on Ethereum at a strike price of $20,000 per ETH for a total of 36,000 ETH (meaning they had the option to buy 36,000 ETH at the $20,000 strike price). The options expire in March of 2022, giving the trader about six months to exercise their option.
So, what does this mean? Well, first of all, it shows tremendous confidence in Ethereum and its future potential. The trader clearly believes that Ethereum will continue to grow and that it will be worth at least $20,000 per ETH by the expiration date. If they are correct, they stand to make an enormous profit. For example, if Ethereum is at $25,000 per ETH by the time the options expire, the trader would stand to make $540 million in profit.
Of course, there are a lot of risks involved as well. If Ethereum does not reach the desired price point, the trader could lose a huge amount of money. Additionally, there is the risk that the options expire worthless if Ethereum does not reach the strike price by the expiration date.
Overall, this story highlights the potential for massive profits in the world of cryptocurrency, and the importance of being knowledgeable about the platforms and technologies involved. As always, anyone considering making an investment in cryptocurrency should do their own research and consult with a financial professional to understand the risks and rewards involved. But for those with the knowledge and the appetite for risk, opportunities like the one presented by Arbitrum and this huge trade could make them very, very rich indeed.
Okay we are watching arbitrim go live and we’re going to be hopefully live trading here so this is the arbitrim on by bit we’re watching it live uh as you can see my screens open ready to rock and roll I’ve got two hundred thousand dollars in my account and I’m about to
Go live so let’s watch this together there’s no time for an intro today we just gotta we just gotta do this we’re just gonna do this um 1 minute 22 seconds I’m ready to rock and roll ready ready to rock and roll uh let me just
Okay let me just get the water price in let’s get the order price in okay I’m ready to take in a hundred thousand arbitromise but if it happens let’s watch the trading let’s watch this thing go live I’m also on the phone to my Traders okay hold on let’s hit the trailers on
The phone good luck brother make lots of money let’s go let’s go go 33 seconds 34 seconds we’re going to do this live we got to do this live so if you’re here smash the like button let people know that we’re here and then we’re trading the arbitrim launch live with you guys
As we said we would then we’re gonna do an absolutely killer show today we’ve got so much to discussion on the show today from the fomc meeting to Janet Yellen to coin basically being attacked by the SEC we’re going to talk about Justin’s son being attacked by the SEC
So there’s lots happening here today lots lots lots happening here today let’s go go go go go okay six seconds five seconds four seconds three seconds two seconds okay what happened okay well there’s 10 minutes to go so listen let’s start the show we’ve got a
Lot to talk about here today we’re going to be trading arbitrim live we’re going to be talking about the fomc and what actually happened yesterday at the frmc because something happened yesterday we got we got wrecked by the fomc yesterday so we’re gonna talk about the rugby FMC
And by Janet Yellen uh we’re going to be talking about a whole lot of other things today so listen Big Show let’s get out of bed Get the out of bed go get up get up gotta wake up get up get up Okay okay we are back we are back I’m just trying to open my screen so we can do the trade here so give me one second let’s get this train on the road oh man hold on the screen apparently it’s on it’s on kucoin apparently five or six dollars
You got to be kidding me six dollars on good coin apparently this is what I’m seeing from the yeah now six dollars okay let’s go to kucoin and see if we can quickly get it it’s not bad it’s too high it’s going to come down if you can
Short you should short but I don’t think there’s any derivatives on kucoin let’s go let’s look and let’s see if we can get in um okay so I don’t have money in my kucoin account which is a bit of a problem actually I may have money in my Google
Account let’s have a look here let’s look I’m just trying to log in so um okay let’s quickly just have a look here I wonder why Bible eight dollars that’s where overvalued if people are buying at eight dollars You’re Gonna Get Wrecked I think you will get great
Dollars if you’re buying at eight dollars chances are You’re Gonna Get Wrecked no way ten dollars I don’t even see it on kukun let’s see if the researchers could just send us a link it would be great okay the research and see if I can find it on
Okay hold on let’s see the researchers let’s see here we have a link here for the crew coin uh arbitrim okay let me just put in my trading password ten dollars eighty is what arbitrary is trading at I mean that gives it a fully diluted eleven that’s crazy nine
This is crazy you got to go that’s what you’re saying you’ve got to go shorter but this is all spot so you can’t go short if you’re looking to buy arbit from now and you blend up paying 11.50 you are going to get wrecked do not buy
At 11.50 you’re gonna get Rick that gives it a fully diluted valuation of a hundred billion dollars that is 110 billion dollars that is absolutely crazy be careful do not touch this thing and if you can short it somewhere if there are perpetuals let’s let’s short the researchers please if they are
Perpetual’s opening let me let me know where I can trade perpetuals um okay there we go it’s coming down to 10 21 be careful still too high if you can short you’re still short you don’t want to be touching as a 1021 you want this
Thing to be going back down to three or four dollars this is absolutely crazy this is absolutely crazy actually am I looking at the right things oh yeah it’s Cybertron it is it is it’s crazy it’s it’s crazy it’s short I wish we could short I wish we could
Short this I don’t know if we can short if there’s any anywhere Too Short um okay the researchers haven’t got back to me with any way too short trading now 9.90 um do not touch this thing until it goes to a dollar or or somewhere around there
It’s it’s just not worth it hold on usdc apparently okay it’s on okay it’s live on by bit now and let’s have a look 15 15 above it that’s crazy that’s crazy this is the biggest short of a century but I don’t think that there are any perpetuals
Hours before they got the token what would you say they do so um okay Traders sell hold on let’s just have a look here and telling my traders to sell our tokens we’ve got a whole lot of tokens we we need to sell them as quickly as possible I see that it’s 14.50
You see what happened here is all the tokens aren’t on the exchanges yet so the problem is that there’s no Supply in the exchanges got to be super careful what’s going on here uh the arbitrim ecosystem is down it’s not it’s not managing to to to to do all of these trades um
Okay so 14.50 if you have your tokens sell because people cannot claim some people have obviously managed to claim that’s how we’re getting these tokens but if you can sell at these prices you sell at these prices you sell you do not hold you do not buy at these prices
Whatever happens you cannot be buying this at 14 and at on crew coin okay crew coin is back down to 6.90 also too much also too much also too much do not touch this token at those prices that is absolutely crazy we’ve got wallets we
Want to we want to uh we want to sell what I mean if if I can get our claims and I know my Traders are listening if you can get our claims you want to sell it on uni swap 3.98 so um you you can sell it on newswap for 3.98
I would sell at 3.98 to be honest keep selling keep selling keep selling this is nuts this is absolutely crazy that’s crazy yeah we will yeah we we are going to keep watching us guys we are going to keep watching this because I think it is the most important event
Today it’s the biggest airdrop I think in crypto and specifically at these prices if you’re talking about a billion tokens that are being airdropped at 7.50 or 7.60 which is what we’re watching here on crew coin that’s absolutely crazy on buy but the price is still 14.49. if you have there’s no trade
Histories there’s no there’s not much happening yeah you can also see that the bids are pretty weak you can see the bids are 26.20 20 tokens it’s very weak bids all right so the reason why this is happening is because people can’t claim they’re arbitrary at the moment their
Website is down people can’t claim the arbitrum which means that those people that have had or have got their tokens can sell um which is why I said to you guys it was so important to to be ready to trade have the account on one of the exchanges
That actually can trade because super important to be able to trade um okay so I’m watching this still not much trade happening let’s have a look still not much trade Happening Here let’s see what’s going on no not maxi okay 6.90 all right so let’s give it
Time for the for the um arbitrim airdrop to actually be dropped to everybody uh in the meantime listen welcome welcome welcome crazy show today not our normal shows but here we are bringing you crypto live and crypto wisdom even though I’ve got that stupid disease that I’m not actually allowed to
Talk about because if I do then YouTube actually ban all our videos so listen welcome back if you are a new subscriber or if you’re new to our Channel subscribe to our Channel right now this is the the highest Alpha per minute show on the internet also as you can see pure
Deegence sitting here ready to trade ready to trade if you are a subscriber like this content help us get unshattered band again with Shadow band again because tell you this is a crazy reason why we got Shadow band but because I’m Ill with that disease that you’re not allowed to mention and please
Don’t mention in the chat then they ban our content because you’re not allowed to actually talk about stuff like that so just give us some some love in the thing someone says it hits 106 dollars on by but a hundred and six dollars let’s quickly have a look at that let’s
Quickly look let’s quickly look at that wow it did it it’s 106 some idiot paid 106.50 and 5 cents on barbit please guys do not buy this at the moment we will wait for the trade to happen even if we have all the time even if we hear the
Whole time we will be here and we will be trading this with you even if we go over the normal show time we’ll make sure that we actually get some trades in together if we can get in with some trades listen let’s talk about the other stuff that
We’re going to be talking about on the show the first thing we need to talk about is the fomc and how Powell ragged us last night absolute dragging last night I’m going to show you what Pyle said that sent the markets into a tis we were watching it with you guys live
Sheldon was on on on um spaces sorry I was in spaces Sheldon was with you guys live and you can see we went all the way up to 28 000 to 12 and 29 000 almost and then as pal started speaking something happened so we’re going to talk about that we’re
Also going to talk about this big Wells notice that coinbase has been surfed so remember coinbase has been has been served a uh a massive uh Wells notice which is usually what happens when the SEC is about to enter into criminal proceedings with uh with or into into litigation with the company
The issue of Wellness we’re going to be talking about that that also went into litigation with Justin Sun so we’re going to be talking about that as well so it’s going to be it’s going to be a huge show today so listen subscribe let’s get into the alphabet before we
Get into the alpha there’s something very very important that’s happening here today something gargantius incredible super super important someone says arbitrim is four dollars do not buy this thing at four dollars do not buy this thing at four dollars but I do want to get into the
Most important part of the day today the really the most important part of the day today and that is has something to do with this guy sitting right here you had a big show last night bro excellent show I was very proud of you thank you bro what’s happening I’m just
Busy watching all these up thank you so you had a huge show last night and I was so proud of you I think you had like something like 10 000 people watching you live um so first of all congratulations you should be really proud thank you do you know what else you
Should be really proud of no right today’s a very very very very special day bro it’s a very special day yeah it’s exactly to the day two years since you started Adventure yes two years ago and it is coming up it is it’s two years it’s been
So amazing to watch your life change man it’s been so amazing to to watch this this kid who was who was a carpenter woodworker uh really have his life transformed and become a Master Trader not only that actually launch his own school and his own University and I mean
You’ve done this in two years bro two years it’s nothing bro that’s nothing like I know people that have worked a lifetime and haven’t achieved what you’ve achieved so listen it’s Testament to your hard work and testament to your consistency and just I think Testament to the size of your heart brother so
Congratulations and listen I’m proud thank you so much bro I really appreciate it thank you my brother it means a lot stay with us because we are going to talk about the fomc rug we are going to keep checking into the arbitrim uh airdrop we are going to talk about a
Whole lot of things we’re going to talk about a whole lot of altcoins in fact let’s quickly just quickly quickly let’s just look at the altcoins and just see what’s happening here oh the one that’s on the move as you can see is hexed hex doesn’t care about the bear Market Hicks
Doesn’t care about the bear Market best performing asset this year you can’t deny love it or hate it we’ll talk about Hicks later on today Litecoin also running yeah there’s a lot to talk about today so listen be in the waiting room we’ll be here we’ll be trading we’ll be
Having fun yeah all right let’s get on with Alpha guys let’s get on with the alpha so let’s talk about what happened last night because I think it’s super super important to talk about what happened last night it was weird because when we went into the fonc meeting last night the market was
Expecting rate Cuts in 2023 right so we know when we went in if if you remember we looked at this um probabilities chart and the probabilities chart was actually expecting rate Cuts in 2023. that’s that’s how we went into it but when we got the fomc announcement we got two
Things we got the announcement that they had hiked by 25 basis points that was one of the first things that we got but then we also got and remember this is just after the um the the announcement was made they also said that the feds median forecast
Shows that at the end of 2023 the interest rates were going to be 5.1 percent so I immediately saw this and I said hold on a second the market was actually expecting rate to drop in 2023 but the FED is telling you that the rates aren’t going to drop in 2023. that
Was bearish and so what I couldn’t understand is with all the bearish news coming out out there why why is it that two things happened the first thing that happened was Bitcoin was still trading at like 28 29 000. I could couldn’t understand and I went on to Sheldon’s
Stream and I said Sheldon the Market’s not reading this correctly something’s something’s going to give you and then straight after that straight after that um I also saw another anomaly which was the Dixie and I don’t know if you guys were watching this last night and if you
Weren’t you really should join us on the spaces or on these emergency streams that Sheldon and I have because it’s amazing but what you see here is you see that the market priced in a lower Dixie the Dixie got to 101.9 I mean that’s that’s a as you can
See like like a crazy number and that’s when I started to panic and I started to ring all the alarm bells and I said guys look the Market’s seeing this all wrong this is a very very hawkish press conference uh or we’re about to get a very very hawkish press conference and
Then that’s exactly what we got we went into the press conference and pal was extremely extremely hawkish now when we went into the press conference I asked myself a few questions I said first of all is he going to acknowledge the banking collapse then is it going to as
A result of the banking collapse actually talk about maybe potentially rate reductions I don’t know so hold on someone says Bob is dropping fast today but this is going to be the focus of our attention so there we go this will quickly just look at it four dollars for it’s still too much
Guys at four dollars we’re not buyers we’re not buyers we are buyers we’re sellers of this thing at four dollars we’re buyers of this thing at a dollar a dollar fifty but I don’t think we’re going to see that even though we had money in our account already to rock and
Roll a lot of people still can’t claim so you’ve got to wait here you’ve got to be careful be be smarter than everyone else all right let’s let’s go into it so let’s go into it so um then we went into the press conference and I was wondering whether
Pal would actually acknowledge the banking collapse because if you acknowledge the banking collapse that would say look I was hoping it say look we understand that we’ve raised rates so quickly that they put in the banking system under strain and you know he actually did he did acknowledge the banking collapse let
Me quickly just play you the part where he does acknowledge the banking collapse okay it takes a second for him to to actually um uh um yeah so he takes a second to actually come up and talk and bring it all up okay come on Mr Pyle we’re waiting for you bro
I don’t know why it wasn’t on the right timestamp you have to forgive me okay it’s going to be any second now there we go today’s meeting let me briefly address recent developments in the banking sector in the past two weeks serious difficulties at a small number of banks have emerged
History has shown that isolated banking problems if left unaddressed can undermine confidence in healthy Banks and threaten the ability of the banking system as a whole to play its vital role in supporting the savings and Credit needs of households and businesses that is why in response to these events
The Federal Reserve working with the treasury Department and the FDIC took decisive actions to protect the U.S economy and to strengthen public confidence in our banking system so he said small and isolated so what he immediately at that tone we realized that he’s denying the bank lips look it’s it’s a small
Problems in isolated Banks this is not a contagion and that’s already when we knew that things were starting to happen and at this point actually the the Bitcoin price was still around 28 000 28 500. then he carried on so I want to just give you some more time stamps he went into
Powell mode and power mode is I’m here with a mission and I’m here to talk about inflation and our mission is to get inflation done and that’s exactly what he did to my surprise sure and 4.6 at the end of next year inflation remains well above our longer run goal of two percent
Over the 12 months ending in January total pce Prices rose 5.4 percent excluding the volatile food and energy categories core PC or excluding excluding those core pce prices Rose 4.7 percent in February the 12-month change in the CPI came in at six percent in the change in the core CPI was 5.5 percent
Inflation has moderated somewhat since the middle of last year but the strength of these recent readings indicates that inflation pressures continue to run High okay so he was there about inflation and again I’m going to interrupt this because I think we just got some breaking news that all done confirming
This but it looks like do Quan has just been arrested in Montenegro they basically just let me just get this done yes okay so we have one of the world’s most wanted fugitives was arrested in Montenegro uh have detained dokwan has been detained in Montenegro so this is
This is unbelievable guys this is a crazy show today so we’ve got dokwan uh being arrested in Montenegro Fred also says don’t Quan arrested in Montenegro bankless says without citing sources so look this is coming from bankless we’re not exactly sure if it’s if it’s real but but it is there
Um all right let’s go back to our press conference so if Pyle comes out and he says inflation is high we’re focusing on inflation that’s what it’s all about then he goes on and talks more about the banking contagion I want to play you some more parts about the banking
Contagion but it’s not what we wanted to hear about the banking contagion unfortunately it is 10606 and inflation We Believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses which would in turn affect economic outcomes
It is too soon to determine the extent of these effects and therefore too soon to tell how monetary policy should respond as a result we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation so he says we do not expected ongoing interest rates will be
Used to now anticipate that some additional policy firming may be appropriate so there might be some mostly monitor incoming data and carefully assess the actual and expected effects of tighter credit conditions on economic activity the labor market and inflation and our policy decisions will reflect that assessment
In our risk so it’s the first time that we heard him a little bit damaged by saying look we do not expect that we’re going to have to continue to increase rates but we will have to do some policy related decisions and then lastly the last part that I actually want to show
You in in this press conference um is here 107.46 there it is we remain committed to Bringing inflation back down to our two percent goal and to keep longer-term inflation expectations well anchored reducing inflation is likely to require a period of below Trend growth and some softening in labor market conditions
So he’s saying listen we I remain committed to two percent to two percent inflation so really kind of like I’d get I’d guess worst case 25 basis point scenario because he raised rates by 25 basis points he said rates are going to be longer are going to be flat
For longer we do not anticipate any rate tax in 2021 in 2023 and then I said to you guys that what we’re actually looking for when it comes to the FED meeting is actually this thing called The Dot Plot where all the FED officials get dots and they asked look at the end
Of 2023 where do you think rates will be and all of them put or the majority of them put their dots over here so we can see that the FED officials don’t believe that interest rates are going to be reduced in 2023 which is contrary to what the market said before
The event and actually even contrary to what the market is thinking of the event even after the event what you can see is that the market is actually pricing one interest rate two interest rate decreases before the end of the year so there’s a big disconnect between
The belief and the trust that the market has in what the FED is saying the market is calling a bluff on the FED they’re saying we know you are saying something but we we also know that you probably won’t be able to implement it we know that you denied that or you were
Steadfast that the banking collapse is small and isolated to a small number of Banks and not a contagion but actually we don’t believe you and so what happened last night is we almost saw Powell and Yellen um together tag teaming because while pal was talking about this he didn’t
Crash the markets what crashed the markets was actually yelling because she went out and even though a few days ago she came out and said depositors in banks will actually be secure last night as Paul was talking this is what she said during every deposited every FDIC
Insured Bank in the nation over 250 000 require Congressional approval this is not something that we have looked at it’s not something that we’re considering um all the all that I have said is that um when the failure of a bank is judged by super majorities of the FDIC board
The FED board and myself in consultation with the president when such a failure is deemed to create systemic risk which I think of as the risk of a contagious Bank Run that we are likely to in to invoke the systemic risk exception which permits the FDIC to protect all
Depositors and that that would be a case-by-case determination I understand it’s not considered or discussed anything having to do with blanket um insurance or guarantee so what she said is instead of all bank deposit actually getting uh um insured it’s actually not it’s going to be on a case-by-case basis and a lot
Of people are saying look she’s actually senile because a few days ago she was saying you know we’re considering a broad increase in Deposit Insurance and and now she’s almost going back on her word so yelling yesterday we are considering backstopping all deposits yet and today we are no longer
Considering backstopping all deposits pal yesterday we are committed to supporting the banks Paul today we do not expect rate Cuts this year so between the two of them they actually completely completely completely ranked this yesterday completely and that’s why Bitcoin actually went down from 29 000
All the way to about 26 700 now when that happened I actually tweeted and I said listen buy yourself some Bitcoin now under 27 000 because you probably won’t regret it because I did think the market was overreacting and I posted this on Twitter I said look power starts
Talking it’s going to go down pastel talking we’re going to get some kind of recovery and if you look at what happened yesterday it’s like a Playbook file starts talking we start going down power stops talking we start to recover look it’s it’s I mean it’s it’s
Literally you just it’s that this could not have been more accurate all right let’s get back to our trade this you can just see what’s happening here on arbitrim one okay now we’re talking now we’re starting to talk in the Realms of acceptability I still wouldn’t be buying
This thing I wouldn’t be buying this thing at all I see that this one there’s a slight Arbitrage between usdt and usdc I wouldn’t be touching this thing yet I have two hundred thousand dollars ready to press the button if anything happens but I would not be I would not
Be buying this one yet I would not be buying this one yet let’s keep watching it let’s see what the usdc pair is doing 174 let’s see what it’s doing on crew coin so it’s the price to settle at around 175 177 fully diluted valuation 17 or 18 billion dollars I think that’s
About Fair we don’t buy things at fair value we buy things cheap I wouldn’t be buying this at 175 it probably could go up a little bit more but in the long term I think that you’re not holding uh enough so far I see that we can just
Look at the dashboard the arbitrim dashboard tell us how many have already been claimed let’s refresh this hopefully this is live and hopefully this website can keep up with all the demand okay it is hopefully going to there’s a lot of pressure on the system here you can see that websites aren’t loading
Exchange exchange links aren’t loading this arbitrary airdrop has truly crashed everything so 172 on kucoin let’s quickly look at by bit 170 let’s just refresh that um 174 on on Bible I think I keep refreshing let’s look at the dashboard here just to see what’s going on here
Still loading it’s still loading still loading let me try closing windows maybe it’ll give us something maybe it’ll give us something to work with but I don’t think so I think it’s actually it’s actually all related to too much pressure on these systems when it comes to arbitrum uh someone says
Rest of the market dumping let’s quickly look at the rest of the market see if the rest of the market is damping no Bitcoins are 27 462 I don’t think anything is done Arbitron website is down claim links are are um are working one it is trading at 165
On Maxi I’m getting messages here um let’s have a look let’s have a look remember we’re looking for this pattern we’re looking for people to start dumping their airdrop tokens it might take time so we might get a price stabilization on and it’s just gonna people may start damping their tokens as
Soon as we get uh real price Discovery let’s quickly just see what’s going on here why can’t we get a price here why can’t we get a price here maybe it’s too only getting two coin prices only getting cookbook sorry quick question from me if we go to 50 cents do
I buy you buy as much as you can you close your eyes on your butt but I think it’s going to go well I just I just want to get a little bit of a what’s a good range between 50 and a dollar anything under 120 amazing
People said uh dokwan has been arrested yes we do know that doquan has been arrested We are following that story um let’s let’s go to the next story just while we’re waiting for the arbitrine price to settle down and that’s the coinbase story so I don’t know if you remember but when
The SEC took on Kraken for their staking Brian Armstrong came out with a statement and he said you know at the time he almost preempted and said coinbase coinbase is taking service are not Securities will happily defend this in court if needed I don’t know if you remember that was a while back
Well the time has come for Brian Armstrong to actually defend his case and that’s because yesterday coinbase received what they call a Wells notice from the SEC Focus specifically on it on staking and asset listings now what is the world’s notice the wells notice is typically a document that precedes an enforcement
Action it’s a recommendation after they’ve done a a investigation that um Court action is actually going to take place now he says two years ago the SEC reviewed our business in detail and approved coinbase to go public our S1 clearly explained our asset listing process and included 57 references to
Staking coinbase runs a rigorous asset review process and has rejected more than 90 of the assets that have been applied to go onto the platform while we understand that this is all part of the journey to reforming our financial system we are on the right side of the
Law confident in our facts and welcome the opportunity for coinbase to get before a court we are proud to stand up for our customers and the industry in these moments going forward the legal process will provide an open public forum for an unbiased body where an
Unbiased body will be able to make clear once and for all for uh to see that the SEC has simply been has not been fair not been reasonable or even demonstrated seriousness of purpose when it comes to engagement and digital Assets in the meantime coinbase will continue to do
What we do best build and uh the most trusted products and services in order to advance our purpose of updating the financial system and creating more economic freedom in the world we’re excited to work with all the governments and Regulators around the world who are focused on putting in clear rules to
Regulate the crypto industry and that is what he came out with here then the coinbase lawyer came out and this is great he said look we received a Wells notice from the SEC after years of asking for reasonable cryptos we’re disappointed that the SEC is considering the courts over constructive dialogue
But if the courts are required Soviet we will defend to the rule of the law listen to this he says over the past nine months coinbase has met with the SEC more than 30 times sharing details about our business and the path registration during this time the SEC
Has basically given zero feedback on what to change or how to register instead we receive a Wells notice when we went to go public in 2021 we filed an S1 which is a document that basically details the the operations of the business and he said we had 57 references to
Staking which is what Brian says and he says the SEC approved for us to go public knowing these details now they’ve changed their mind in 2018 we acquired two brokered dealer licenses in an effort to become regulated by the ACC these licenses are currently dormant we have been unable to even activate them
With the SEC for digital securities he says lastly July we find a position we filed a petition with the SEC calling for more regulatory Clarity we have yet to receive a response for comparison over many years we have been able to successfully become a licensed and regulated crypto business in a number of
Other jurisdictions around the world including Singapore Ireland Australia and Germany we’ve also been able to successfully become regulated by another U.S federal regulator obtain our DCM and dco license from the cftc and by many U.S state regular the SEC remains a salt outlier we don’t lift Securities of the
Thousands plus tokens that coinbase has reviewed over the years only 240 of them have met our standards to be listed on our platform we believe a large number of crypto securities also exist and should be available to register and trade on SEC registered brokerages and exchanges a point we’ve made repeatedly
In our discussions the truth is that today there is no rule book from the SEC on crypto and efforts to engage with SEC are made with silence or enforcement actions they have not followed a good faith rulemaking process with the industry as required by APA by APA
At times the SEC and cftc themselves don’t even agree on the definition of a commodity or security for instance the cftc has said that ethereum was a commodity while the SEC has hinted that it might be a security so these guys have tried their best to
Engage with coin with the SEC and the SEC basically shuts them out at every single time so now they are going they’re saying we are actually going to go to court against the SEC and I think it’s about time that this happens because when they go to court
They are going to they are big enough and public enough and and well funded enough to be able to take on the SEC and usually when the SEC go to court I think they lose four out of five cases when they go to court I’m trying to look for the staff
For you guys because I’ve got um there we go so this is a document that says the ACC has lost four out of its last five cases in the Supreme Court thanks to the few that had courage and resources to fight back against the SEC so this time coinbase is saying we’re
Not going to roll over we know that when you went up against Kraken Kraken rolled over and basically died they paid a 30 million dollar fire and they stopped their staking Services immediately but the ACC the coinbase is saying we’re not doing that we are going to fight and we
Are going to win and I think that regardless of what you think of coinbase I think this is a major victory for the industry because someone needs to get the SEC someone who is well funded needs to get the SEC in front of a judge and let the judge rule against the ACC
Hopefully we get a similar judge to the judge we had in the Voyager case remember the judge in the Voyager case which basically said to SEC are you guys crazy you haven’t even given guidelines on what a security is and and now you want to stop a a salvage which is going
To make the Voyager uh a depositors 72 percent whole and the judge said that the transaction could continue I think the same thing is going to happen yeah and if you remember what happened when the when the SEC went to court against grayscale I listened to that case it was
An Annihilation by the grayscale lawyers it was an absolute absolute Annihilation and I think that the same thing could actually happen here so look it’s not good for the for the uh coinbase price just quickly just check the coinbase price I actually just see that Bitcoins are 29 500 if anyone’s interested but
You guys are probably more on top of that than I am at the moment um all right so let’s look at what coinbase is doing 60 it’s done 14 today so I’m not good for coinbase shareholders but you know what I do think that in the long term this makes
Coinbase Victorious and I think the scary thing is and if you think about the sec’s Antics here they missed the biggest Ponzi scheme in the world which was FTX because they didn’t regulate it they missed Celsius they missed Voyager they missed blackfy they missed all of these things
And the one shot that they’re actually going for the one shop that they’re actually going for is the one shop that has been the most reliable most law-abiding um most hard trying in the US to work with The Regulators which is coinbase so I think it’s I
Think it’s a it’s it’s it’s great it’s high time that someone actually take their money and I think that we couldn’t have wished for a better um fighter than Brian Armstrong coinbase their full legal power and I think that net net what will come out of this is
That we’re actually going to get clear regulations because the judge is going to put their their foot down if it’s any decent judge the judge puts the foot down and says you have to give clear regulations um let’s quickly check on our Urban our arbitrum trade again let’s quickly just
See okay here we go on by but 1.52 fair price don’t touch it don’t buy don’t sell there’s no there’s no money to be measured in fact maybe there’s a bit of money if you buy it not 1.52 this we could just look at it on crew coin
And add the exchanges okay so the price is settled at around 1.52 basically at this price we do nothing we we can’t trade this there’s not enough upside there’s not enough downside so for now we we don’t do we don’t do any of this we don’t touch this um
Let’s quickly look at some other things so the SEC also went for Justin Sun yesterday and I mean the industry was was very passionate about supporting coinbase you can see that people like I saw a tweet by Adam Cochran I wonder if I’ve got that tweet somewhere um but he
Says you know if if Brian if Brian Armstrong goes um let me just see here we go it says if Brian Armstrong goes for the for for Fighters if uh if coinbase does indeed choose to fight the SEC as are saying they will then I’m moving all my
Purchases to coinbase moving all my trading to coinbase dedicating all my coin based staking modes because this you got a bat for the industry and I think he’s right we all got to support coinbase now regardless of the fees and regardless of the customer services and
All that we all got to support coinbase now there is a risk the risk is not immediate because right now coinbase has said that they’re going to to um to court but one of the assets that is very highly staked on coinbase is what they call CBE which is a you
Know it’s coinbases liquid staked East derivatives and if they have to shut down their their um staking book then there is a bit of a a risk here now I picked up this tweet from Hell press and it says the coinbase needs to potentially bigger a bigger deal than
People understand the way a World’s notice works is that it usually precedes an action for which you are often guilty until proven innocence that’s the difference between a Wells notice and something else by the way if you do support coinbase just say in the comments I support coinbase I support coinbase
Um it says what happens if coinbase has to deal with certain assets and stop offering staking while they’re litigate now typically that wouldn’t happen while you litigate typically it would happen only you can keep going until you’re proven you’re proven guilty and that’s that’s the way I see it but I may be
Wrong maybe hell press is something that I don’t see so yeah that’s that the other action that the SEC took yesterday was against Justin Sun believe it or not so that one people weren’t that upset about to be honest I mean people were like we’re not surprised but they came
Out against Justin Sun and they said that they believe that Tron and BitTorrent were actually securities so that’s what they came out and said now there’s a if I read through this document and there’s a lot in this document so if you read this document
There’s a lot in it the first thing is they talk about influences which actually should or were paid to show the tokens they talk about Lindsay Lohan Jake Paul they talk about all the very very very credible influences in the crypto space um they talk about them so acon Etc so
They’re taking him out also they accused Justin son of wash trading a lot which is which is I mean we all needed that in fact I’m not allowed to say that that’s deformation so I won’t say it I’ll say we all suspect that he did that um
All right let’s look is it literally is there a trade is there anything is there anything to trade here because my rest of the markets waiting do you think all this money is going to flow into the rest of the market it’s got it right at the same time it’ll take time
So you know take time people haven’t even been able to claim yet that’s the problem yeah I see it the price yeah I’m looking at the price here I told you not to buy it 1.70 called up I told you to wait you were you were very clear on that you
Were very clear man you have detention you have detention you have to stay at school you have to stay in class after class bro okay so you’re looking to buy around a dollar um around a dollar but I don’t think it’s going to get there because it looks like
The price is pretty much settled here like wow people haven’t claimed their tokens yet I’m sure there must still be some more selling pressure yeah it’s coming down 139 there’s an entry opportunity here there is an entry opportunity here but not yet where do you think the future goes with this
Is there a long-term home no not just some short-term trading I think it’s fairly valued at about this price so for me there’s no trade here we only want you know we want trades where there’s meat on the bone you don’t want to be in a
Trade where there’s no meat on the bone you know what I’m saying like you don’t want to be you don’t want to be on a trade where that way like you’re just eating bone you want to eat meat and fat and stuff like that there’s no fat on
This but I’m just looking at them because there’s a lot breaking while we’re talking about you um I see crypto McKenna says he says I’m opening up for you guys is this this is literally the it the optimum airdrop scenario the chain doesn’t work there’s delayed claims frustration by
Speculators inclination to dump going lower than you expect if it goes lower than you expect we yeah we buy we Degen we Degen let’s look at the dashboard and see how many people have claimed because I think that’s another very important thing all right number of claimers nine
Nine thousand seven hundred and sixty one problem is that the site is being hit so hard that we’re not getting live information we need live information 3.5 billion percent only 3.5 percent of people are playing their tokens you got to be smarter got to be smart got to be smart
Okay the percentage claim is 5.29 so 61 million tokens have been claimed so there’s no Supply in the market because there’s no Supply in the market we don’t buy we don’t buy we want to we want the supply to be in the market we want people to to have their tokens I’m so
Across at the guy who said that he that he bought tokens at 170. I literally sat here I literally came on earlier than normal to tell you not to do like that we will be here together we will trade I’m here sheldina is here Josh is here
Together we said we’re gonna try this together that’s why we’re here we’re here together it’s what it’s about we had together anyway let’s carry on lots to talk about you know the guys the Hindenburg report you know who the Hindenburg reports are they’re this this company that published like really negative reports on
Companies in the last um report that they published was on the Indian cabinet that’s called the adani group right so they and when they publish a report they’re like they destroy your stock price because their reports are usually very factual very credible and I think what they do is
They actually short your share before they before they do it pentecology actually says present I see that um anyway Hindenburg research just published another paper around square square is block you know block is is is Jack dorsey’s payment company says our Research indicates that the block has wildly overstated genuine
User accounts and understated its customers acquisition costs this is interesting this is Juicy let’s look at what the the the token of square is actually doing okay there we go sorry not the token the share because this is this is real world stuff usually when they publish you see
It’s not good when they publish a report it’s not good see it’s down 20 today it’s done 20 today um let’s see what Jack Dorsey says when this comes out let’s see what Jack Dorsey says when this comes out um other things so let’s just see what
We’ve got here we have we have um oh by the way telegram I don’t know if you guys have seen But telegram users can now transfer US dollars through chats now this is huge because not only can you now send US Dollars over telegram but it makes telegram into like
A payment app like PayPal or venmo so go and check it out maybe you can download the new version of telegram and then you can send usdt to another and basically you can smile money around the world um illegally however you like using telegram the Russian app which is amazing um
What else is there today there were so many things that I wanted to speak to you about but there’s so much going on here um I see that that’s a dokwan we have spoken about dokwan’s arrest sure there’s so much going on here I’m now looking at the research group
Okay let’s let’s go back and look at arbitrim let’s go back and look at arbitrim we should probably 120 there we go coming down coming down to good price uh to my Traders I hope you’re listening don’t buy yet yeah I’m gonna just don’t buy okay don’t buy don’t buy don’t buy this
Is going down and we’re going to sit here and we’re gonna watch it go down and then we’re gonna trade we’re going to trade because people are disappointed people are disappointed people are disappointed but we’re going to be here and we’re going to trade you could if you want to buy at fair
Value you could start nibbling here but I it’s just it’s not again it’s like you might make money but there’s no meat on the bone there’s no there’s no fat there’s no there’s no juice on the bone no juice on the spoon this is this is a dry bones
Nothing there there’s nothing there you want you want like a bone with sauce and meat and you know you want to enjoy it you don’t buy like and then you have to like get it in your teeth and you know begin it doesn’t work that’s not for us
That’s not fast I know our analysts are saying it’s probably going to go under a dollar when people keep claiming so let’s let’s quickly just look at the claim okay so 5.29 yeah someone says I’m still across with it that guy who was the guy that bought it at 1.70 who
Was the guy that didn’t listen he should be banned from class we should kick him from this can you kick people from the YouTube I think you can right by the way remember I told you if you do trade um arbitrim using bit get or buy
Bit you can stand a chance to win ten thousand dollars uh we’ll give the ten thousand dollars away next week uh give you guys a chance to actually trade and also remember the okx promotion if you do open account on okx on the 27th of March you’re giving away an iPhone on
The 3rd of April we’re giving away an Apple Mac Pro book Apple MacBook Pro uh on the 17th of April we’re giving away two Manchester City Football tickets to go watch them play with us together of course and then on the first of May I hope it’s with us together because
Otherwise you going on your own um otherwise on the 1st of May uh seven night holiday to Maldives and then on the 22nd of May we’re giving up a test we’re giving a Tesla Model A model three yeah the guy didn’t a guy didn’t attend sniper school if you had attendance
Sniper School you had never made that mistake if you want to attend snap School link below there’s like five spaces left I don’t even know if you can get in but go and do it because then you get in and if you get into sniper school then you’re going to trading University
It’s and then that’s when you really learn to trade um I just before we carry on training I do want to give a big shout out to one of our sponsors which is Gaines now they have told us that they are going to launch the arbitrine token if you want
To trade on a decentralized platform then you want to be going to gain so the go to games um yeah let me actually let me actually get it for you guys that you can see uh uh there we go Okay so you can see I’m actually I’m looking at
The wrong token here isn’t it doesn’t matter you can you can look at it so I mean these guys are really really growing I mean this is in my mind the biggest player when it comes to the decentralized exchange this is I think the one decent class perpetuals exchange
I think it’s going to be the one that actually wins but the the they have mentioned that they’re going to try and list arbitrim uh as soon as possible so you’ll be able to trade perpetuals on arbitrim sometime today so just go to games.trade uh hook up go and check it out
Um okay let’s go back and actually see how this thing’s trading because I see that that’s all you guys want you all want to just djin okay one eleven there we go now it’s coming back to where we wanted imagine being the the idiot that bought this at 17 and 160 dollars
Thank heavens that wasn’t us thank heavens that wasn’t us 111 111 you’ve probably got 10 in in the short term good a good 10 in the short term so I think I’m actually gonna be ready to start enibling here because I think what’s going to happen is the bounce is
Going to be aggressive it’s going to be an aggressive Buzz so I’m going to get ready to buy 50 000 of these not yet not yet we I’m watching this trade I’m watching this thing I’m watching this thing I’m watching I’m watching I’m not ready to press the button yet I’m not
Still not I mean there’s a little bit of meat on this bone but not a lot of meat not enough not enough meat on this bun not enough meat for me don’t know we’re not ready to try this yet are you guys buying this thing yet
No no no no no no no we’re not there we’re not dead but I’m ready you see I’ve got my finger on the trigger I’m here I I said to you yesterday if you come to class today make sure that you have money in your Bible accounts that you
Can actually trade this and a lot of people didn’t have money in their Bible account to be able to trade this um hold on let’s see what’s going on here let’s just see what’s going on I’m trying to open all the information that I’m getting okay 107. yes baby down you
Go down you go down you go so we can buy okay but now we might get a bounce okay so far only 10 not even 10 of people have claimed so far okay it’s listing here we go okay it’s coming yeah by the way you know when you’re
Trading on a decentralized exchange so you get Wix and when you get a wick then your order sometimes doesn’t get executed so sometimes it stops you out but sometimes doesn’t get executed so gains actually has a feature which says that you basically get automatic if if
It does work and touches that price you get they call it look back um it says it will provide guaranteed execution to all orders even if the wick hits the order during a 20 millisecond it will actually be executed at the exact price per user so that’s that’s a good reason to be
Using G trade so um yeah I mean there’s many reasons to be using it if you want to use decentralized exchanges all right here we are so far 8.86 percent of people have traded 8.86 percent of you see it bounced from 110 to 130 I told you the
Bounce was coming but I’m doing the show with you guys I missed it I was sitting here ready to trade I had I mean you can see I had the order in and now it’s bouncing again you see but not at fair value so we can’t we can’t yeah we climbed it
We combat one okay maybe it’ll come down people are still claiming but I think this is like fair value so at 110 there was an opportunity but I was watching I was watching all the other stuff which is a problem congratulations ALS if you bought that congratulations congratulations um
Yeah I mean 20 in five minutes that’s that’s meat that’s that’s meat on the bone that’s meat on the bone yeah someone says my order price is 162. I’m going to change it let’s wait it’s probably 110 just for now so we we can have fast fingers we can have fast
Fingers we have to have fast fingers here can you trust things that on on on a one-minute chart like this you can I’m busy looking at it now so I’m actually logging into like three accounts here to start getting ready we’re getting to the area it’s like a member sniper getting me to
All my accounts if there was leverage if there was leverage on this token then it would have been great because what you could have done is you could have bought it at 110 on Leverage you should have sold it but now we have to be patient so
I’m hoping that you guys will stay with us um and have fun her arbitrim uh okay but that’s obviously not right look at hex hexes 11 7. this hex doesn’t stop but it’s those rumors of the pulse trainer yeah in pulse chain is not a roommate it’s going to launch one day eventually
Also it seems like ever since Richard Hart deleted his his Instagram account heck starts running which I think is a is a is a good thing it is a good thing okay hold on let’s see what’s going on here okay you know the last time I took my
Eye off the ball for one second I paid big taxes for it okay coming down coming down it’s coming down Go baby go let’s quickly just look at what Bitcoin is doing at the same time because let’s see what’s going on here coinbase is down to 64.79 I’m not I’m not a buyer
Yet but I will be buying it soon um Bitcoin 27 400 a little bit of weakness little bit of weakness yeah but what I am liking about it is obviously the the dominance if the dominance I think we need this little dump off to turn this dominant so we can
Get a little bit of altcoin catch up I feel that also really undervalue to bitcoin right now let’s have a look here so okay so far 8.86 of people have claimed I am now people say scam Wick scam Wick use gns use G trade there’s no scam Wicks there
They’ve got that feature that I mentioned to you earlier I mean just go and sign up and I mean you don’t even have to sign up just go and connect your wallet and just try it it’s it just makes a big uh learn how to use these decentralized
Um perpetuals exchanges don’t don’t be caught on the centralized exchanges okay if someone says it’s all dropping what’s all dropping let’s see oh my goodness have you survived this Crash from 20 years 150 to 27 431. yeah if you yeah if you if you surviving the five minute chart looks bad bro
For for arbitrum for Bitcoin that’s what some of the people look at it they’re busy looking at the five-minute charts okay there we go opportunities coming down calm down baby come down down love you long time I mean we’re gonna sit here all day and it’s we’re not going to get our entry
And it’s going to be like it’s like fishing so what is it one dollar I hate fishing because I go there I sit there all day and I catch nothing I mean I’ve never really caught a fish I’ve gone on massive fishing trips and it’s like I never catch a
Fish do you remember I always always catch her then one day I’ll go with you I just caught a 10 bro the whole day I did see we don’t catch it was a terrible day at CJ remember how bad that day was I remember you you sent
Me photos like Sheldon look we got these guys they catch huge fish let’s go tomorrow so I said okay cool nothing you both came out of there feeling green bro yeah it was rough it was a rough day yeah I mean like people say to you like there’s plenty of fish
In the sea right there’s no there were no fish in Nazi we went like three hours out yeah four hours four hours out and four hours just to get there and yeah we caught the Greenies because I’ve never seen you look so pale that was bad fish tonight yeah
Sitting around waiting for trades like he said put your limit order in no I wish you could watch the trading on two speed you can like fast forward it you know like when is it actually gonna hit I don’t think it’s gonna hit uh I’m okay some people are saying they’re
Actually claimed a lot of people haven’t been able to claim their airdrop so here it is you see now what we need is we need perpetuals because you can trade small moves in perpetuals but you can’t do that on on on spot let’s quickly see what’s happening here
Yeah I wonder when it’s going to be on perpetuals I think uh I bet was it uh in in about two hours I think and then Jason De blure says he just aped um I think you fall started bro I think you first started you know what that’s
Life Jason it’s like when you go to a wedding you know and you go on a weekend to like a weekend wedding and then on the Friday night before if the wedding’s on a Saturday night on the Friday night you go out just to have a few drinks and
Then you plaster yourself and you destroy yourself you did the same thing now you you you you did a false start as they call it yeah yeah so it was a false start he first started someone says mixy have poops oh hold on a second I think I have some
Money one second let me just log into my Mexican okay hold on let’s have a look at Maxi I have to just see if they have perps oh perpetuals do they have 10x perpetuals let’s see I’m just logging in just checking if I’ve got uh uh okay let’s see Market Market uh I
Don’t have the right account here I have the dashboard account but when I do have a Mixie account hold on let’s see okay hold on let’s have a look here there must be a way to trade this because I’m sure there’s going to be a rally on this thing I think it will
Stabilize the next day or two but I do think once people release their tokens we’re going to have a little pop somewhere yeah look it is I think I think look listen we can sit here all day like fishing I don’t feel like sitting here like fishing
Um I think what we’ll do you need to jump into bed follow us on Twitter I’m at crypto man run Sheldon is at Sheldon underscore sniper we’ll tell you when we’re actually buying do not buy yet if you buy now uh you might make 10 congratulations if you like a bone with
10 of fats and meat that’s good for you but not for me um 12 of it saved we’re watching this closely because we are actually going to do a trade but we’re not ready to enter the trade yet sorry let’s just have a look here um only five percent arbitrine claim they
Were already down only with additional frustrations in 95 left to claim we can only go lower please go lower please go under a dollar that is when we go crazy that is when we we destroy okay 1.14 1.14 12. yeah we’re getting there yeah I’d let it go under a dollar let it
Be like a like a nice dump I don’t have any more USD see because I traded it all into usdt that day when usdt depict before the depict so now all my money is sitting here in the usdt so again I think like if you get in at 110
There’s definitely going to be another pump up to 120 maybe it won’t happen immediately remember we’re looking for this we’re looking for this this is the pattern we want it’s going to find stabilization and it’s going to slowly slowly bleed down then it’s going to have that aha moment where where the
AHA happens all right fam listen you know how to trade this yeah you know you know how to trade this I don’t think we need to sit here and try and catch fish together because there’s nothing going on here so we’ll see you guys again tomorrow tomorrow by
The way is a big banter we have djans coming onto the show I also I know that I know the bands of thumbnail has been uploaded to to stream yard it would be crazy if it wasn’t right Josh well what is it well why are you putting up that slide
Do you think we should fire Josh for not telling us who’s on the Friday banter tomorrow listen it’s earlier trade Ivan on Tech and ishan tomorrow we’re having a full full-on d-gen banter together uh here we go it’s 110 oh no now it’s one 13. uh let’s find this price it’s found this
Price let people dump little drain baby let it rain okay let’s see there it is we have uh Ivan on Tech Elio and ishan coming tomorrow for our Friday banters it’s gonna be big it’s going to be big they’re all DJ so I think tomorrow
If you’re not a Degen then don’t come to the banter because you won’t enjoy it tomorrow is all about DJs all right I’ll see you guys again tomorrow sheldino congratulations thank you to the message meant a lot thank you um to you guys trade well my friends get
That arbitrim trade get that Arboretum trade foreign
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