 Things are happening as institutions more and more are getting into Bitcoin and then also Bitcoin is being bought up at a particular key level, which has never happened at this much amount as almost 4% of the total supply has been gobbled up. Before we get into that story, I just want to remind everybody that today was an interesting day. I got to go back to my old show DCA Live. That's me, James, and Invest Answers. And we talked a lot about the things we're going to talk about here with some nuances. So I'm going to link that in the description and it was fun times to be back. But what I'm talking about today is this story that takes place on Decrypt and also on Cointelegraph and talks about how Bitcoin funds need the largest consecutive weekly buys since 2021. And I'll let you make your own decision, but here's what we have. So digital asset investment products experienced 137 million inflows over the past week. Now when they're talking about inflows, they're not talking about inflows to exchanges. They're talking about inflows into crypto projects. And that could be a host of different things that are out there. But these are for institutions and not actual exchanges. So inflows over the past four weeks into these investment products has been a three quarters of a billion or roughly $742 million. This is the most substantial run of inflows since the final quarter of 2021. This is the stat that really blew my mind. Trading volumes for crypto investment products, the yearly average is just $1.4 billion. Last week, the trading volumes reached $2.3 billion last week. So we can take a look here. And of course, we were talking about $137 million. This is from CoinShares and this goes by week to week. And last four weeks or so, this is roughly around the same time that BlackRock and Larry Fink came on and announced their intentions for the Spot ETF. And you see things just skyrocketed after that. But I think the big money knew what was going on, the top tier of the top tier, and they were buying beforehand. And now we've got a lot of people kind of fomoing in, but we'll see how that actually does for the actual price itself. So there is that piece. And then also, not only are people getting into investment products or as inflowing investment products, there's also people buying Bitcoin on just the regular exchanges. And this talks about buying a DIC. The DIP, record 4% of the Bitcoin supply last moved at $30,200. So this is almost 4% and the most popular amount has been at this 30.2 time point, or price point. Here's what we have. This is from Glass Note. And we're going to take a look at this diagram in a second. And this is how they calculated. They discarded coin movements between addresses controlled by the same entity, as such transfers do not correspond to real purchasing events and would disrupt the actual mean purchasing price, being back and forth between two different or one different wallet. Further, we exclude all supply that is on exchanges because a single average price for the funds of millions of users would be misleading and give rise to unwanted artifacts in the data. So it's as clean data as they possibly can get. The result is that 3.8% of the total supply of Bitcoin last moved at $30,200, more even than at $16,500, which marks the area near the 2022 post FTX bottom, which was roughly the bottom. So it goes to show you that, and I've talked about this before. Baron Rothschild said it is the same thing with me. I made all my money by never selling at the top and never buying the absolute bottom because it's almost impossible to actually get in at the right time. But really, what you want to do is just get into it close enough. And then of course, now we take a look at the actual chart itself. And we can see that, yes, at this price point, at $30,000, roughly $200, was the time when people bought the dip at the most of any price points across the continuum. So there's a lot of things going on. But just remember, that's of course, with these Bitcoin funds, there's things that are happening behind the scenes, OTC over the counter markets, then the buying the dip could be the same thing. What does that mean for the price action of Bitcoin? Not much. People say I'm very bearish. I'm just a realist. And all these things that are happening behind the scenes, it's going to take some time. It's like the old saying, slowly, then suddenly. And we're actually seeing like a little bit of a retraction of Bitcoin. So the real question is, what's going on behind the scenes? Does somebody know something? Or are there market makers that are suppressing the price just a little bit before that Bitcoin ETF actually gets approved if it does get approved? I am one of the theory that it may not get approved, but we'll see how it works out. And lastly, before we move on, just want to remind everybody that even though we have these good news and things that are happening, never lose sight of the big picture. When in doubt, zoom out. And just remember that this is a chart which takes a look at the return on investment. July is not a bad month year. I mean, all the years that we can put together are 14 years or 13 years in this case, but we've got one, two, three, four, five were in the red and the rest were all green. Now right now in July, we're seeing a little bit of a negative, but we'll see how it works out. But August and September, September being the big month, is the worst bear month across all years in crypto and also in the traditional market, which I believe we are still correlated a little bit to. So just be aware that if you're going to FOMO in and put everything in right now, just know it's going to be rocky leading into the big run up, which I think will be starting in 2024 with the Bitcoin having. Anyhow, let me just think about that in the comments section. Then to finish up a little story from unstoppable domains, just so you know that they stayed here, that they're the one-stop shop for Web3 domains. As they like to put it, they are the GoDaddy of Web3. And you can now manage your .eith.nft or .x domains all in one place. To me, I always kind of saw this as like buying up properties just like how we did in the late 90s, only 2000s when people were buying up all these different websites and then they were holding on to them. It's the same thing here. Well, now in Stopable Domains, it's going to be doing .eith, which I didn't know this, but on different Web3 platforms or different domains, it's just you buy it once and forget it, but not .eith. So what I'm going to do is I brought in Matt Gould. He's the CEO of Stopable Domains. And he's going to talk to us about what this actually means. So let's jump in. Yeah. So what I want to ask, so like we know, and we cover this story already, we know that now in Stopable Domains, on top of the fact that you can get your .crypto.nft, .wallet, .polygon, all the different .nft and browser extensions that you want to, now you guys are going to offer this .eith. But the thing, the question I had was you can come here, you can purchase it, you can make it super simple. Like again, this is kind of like the GoDaddy of Web3, but recurring fees. Because when I purchased like my name, digitalassetnews.crypto, like it's there and there was no recurring fees. Same thing with .polygon and .dow, I think. But what is going on with this .eith? Is there recurring fees? And is there any other type of product that you have recurring fees and how does that work on Unstopable? Yeah. So as we're trying to be the one-stop shop for all the Web3 domains, decision we made to do this year, we're looking at other naming services and ens.eith is the other really large one in this phase. And unfortunately, they have renewal fees. So we're talking about this internally. And, you know, we don't have any renewal fees on .nft.ex any of those domain names. And that's to prevent you to have to, you don't have to think about it. You don't have to worry about it. You don't have to do the blockchain transaction fees, blah, blah, blah. But for .eith, they do. So we had to build systems on the back end to make that super easy for you. I think the innovations at Unstopable are really, you can now come with a credit card. You can check out. You don't even necessarily have a wallet because we have a fall product, which you can store your domain in for short term. And then you can buy your .nft domain. And if you buy a .eith domain, you can click a button and then we'll all, we'll monitor it for you and make sure you don't forget to renew it. And we'll actually renew it for you too in the future. So you can just register it like you would at any other domain shop that has a renewal fee. So that was, that's kind of the idea behind it. We think that, you know, there's a couple dozen naming services in the space that look like they're going to be here for the long term. And we want you to be able to manage all those different naming services at Unstopable domains. So you don't have to have 50 accounts in 20 different places or whatever to just keep track with this emerging asset class. Yeah, perfect. Hey, so let's just, let's just dive into it. We got time. Talk to us about like, what you can do with these domains? What can you do with these NFTs? What do you see is like what's happening now and what could potentially happen in the future? Because to me, I look at these things kind of like how it was like the rush in the late 90s, early 2000s when people were buying up domains and then kind of either they were using them or they're doing other things with them. But how do you, Matt, how do you see it as far as what's going on with Unstopable? Well, the first use case we always thought and still believe should be to make it easier for people to look you up to send you money, right? And, and anyone who uses crypto knows that they have those really long hex addresses and you have one, a different one for every blockchain. So you'll have like a different address for Bitcoin than Litecoin and Ethereum or Dogecoin or whatever. All these different tokens that you might have or even NFTs that people want to send to you, all of those things could be associated with a different address on a different blockchain. And what we do with a Web 3 domain is you basically say, here's all of my addresses, my list of, you know, 40 plus addresses or whatever. And then when someone needs to send you money instead of having to, for you to like send them a 40 character address that looks kind of like a bank address, you can say, Hey, just send it to my name, Matt.Crypto. So we believe that that's going to be the driver for the adoption of Web 3 domains, at least in the short term, as more people use crypto. If we expect to have billions of people using crypto every day to buy things, they're going to be sending it back or to each other. They're going to need an easier way to be able to do that. So that's really the use case behind Web 3 domains. And then if you take that further out, like, Hey, how could this evolve? Well, just like your Twitter handle or your Instagram handle or YouTube handle become associated with you and your brand, we think that your Web 3 domain name will also be associated with you and your brand. And you'll have identity information tied back to that. So how could that impact a normal person? Oh, they're about to send you some money. They could potentially take a look at your name and then see, Hey, is this person trustworthy? They can see if you know the same people that they know, like, if you're in the network, they can see, you know, what NFTs you collect, maybe what communities you're a part of. And then they could even reach out and contact you. So we're also working on things like messaging for domain names. And Coinbase actually just announced messaging for domain names on their wallet. We have messaging with domain names coming out very soon. We actually announced it a couple months back. It's been in progress. And we think that's also a very natural thing. Because if you send someone money, maybe you also want to follow up with a message like, Hey, did you get that money? Right? So yeah. So this is what we're seeing. And what we think will happen is something that you use simply as a payment address today could be something that you use as a way to like identify yourself in the future across all these different networks to have a place for people to come out and reach out and contact you. And that's just that's the thing that you see of all in social media, time and time again, we think that's kind of happening with wet three domains over the long run. Yeah, I can see it. You know, and we were just we were talking a couple days ago about AI and how to verify AI and different things that are coming about, especially with presidential election coming up pretty soon here in the States in 2024. I mean, how are we going to be able to verify that? So it's an interesting prospect, what you just said about you can verify things. And maybe that is a future about verifying things on the blockchain. I can see that. Well, and that's what blockchains are really good for. It is verifying that, you know, if someone says he's a Bitcoin, you know that you have it because you can look on chain and see that it's been received, right? And that same type of verification that we use for blockchain consensus can be used to verify all sorts of things about people to see whether or not they're telling the truth. So yeah, in a world with a bunch of AI fakes out everywhere, and a lot more scammers and phishing online, having a way for people to build up digital reputation, we think it's going to be useful. We think you're going to do that with your domain. Yeah, I got to agree. So everybody right now, don't do what I do and wait in because I'm an old person and I waited for a long time to get a certain specific email. Now I got some wacky email with a bunch of numbers after it. If you're looking to get into it early, why don't you just use and sign up over there and stop all the things. There's a link in the description right now, pretty darn cheap. And then just like Matt had talked about, only a couple of slot on ETH have a recurring fever. Other than that, here's forever. Matt, I appreciate it. Thanks so much for stopping by any last words of wisdom for people going through the markets right now. I would say, hold. And there's always a time when crypto has these huge, massive expansions and then you always have these bear marks that we're going through. This is the time where people can learn and build. And if you're doing that, I think you're doing the right thing. And it's inevitable where the stream is going. And it's always helpful to be early in this space. So check us out with DoubleDomains.com, pick up your name. We have a lot of tutorials on what you can do with these digital identities, start building it. And hopefully you learn something about Web 3. Excellent. Well, Matt, thanks so much for stopping by. We appreciate it. Everybody, let's jump back. All right. So thanks, Matt. And of course, if you want to find a link to Unstoppable Domains, there is a link in the description. It looks just like this. And you can go over there and check all that stuff out. Now, again, this is an affiliate link. So if you cannot stand using affiliate links, that's fine. Just go to UnstoppableDomains.com. Check it out. But you may lose any kind of positivity for the link itself. But that is it for today. So look, thanks so much for stopping by. I do appreciate you. If you like today's video, give it a thumbs up. Consider subscribing. A lot of news is going to come at you hot and heavy over the next year or so. So just subscribe to somebody. Get your information on a daily source and go from there. That's it for today. Thanks so much. I do appreciate you. And I'll see you on the next one.