 Great one visual asset news. My name is Rob and we got a ton of things to go over first up We'll take a look at the markets in how it it is down and how originally everything was uncorrelated as of like 20 minutes ago Then all of a sudden traditional markets just flipped over They won't take a look at the crypto bear market turning bullish and I put that as a pretty big question mark We're talking about how Bitcoin wallet is that an all-time high? Accumulation zone is in a good place But I've got my concerns and it's gonna really come down to the macro environment And we're gonna talk about how amp the crypto token amp is getting the ripple treatment It's going to be delisted is real limits cash payments again and metropolitan bank helps avoid your depositors And then we're gonna talk about what the heck is going on with iTrust as their website was down now It's up, but people still can't get into their accounts And then we'll take a look at the July winners and tune out for a sweat coin. So before we get in all that stuff Let's first take a look at the market. So first of all, hey, how's everybody doing nice little Monday, right? Woke up and market wasn't doing too bad Now here we are so we can see I know this this way that's better so we can see for some reason just about 20 minutes ago it was Like down 1.25% 1.2 1.3 wasn't that big and almost said another 2% of drop and we got Bitcoin down Ethereum down that's the last 20 last hour. That's what I really care about. Who's down the biggest Ethereum? Cardano Solana polka dot polygon And that's why DCA folks because you never know, you know people who say Robby should just go all in Well, I mean you can you can do that But I don't know what's that the right thing to do and you can just see right here This what's going on and what's going on with the traditional markets? Well In the beginning, which which is why I labeled this uncorrelated. It wasn't correlated The NASDAQ and the S&P 5 were having a nice final time and all of a sudden everything just kind of turns The opposite way. So that is what is what is going on into the market. Let's jump into Crypto markets turning bullish and some other stuff So I know everybody gets gets happy and jubilant when the price goes up especially in the weekend last week was a great week Right, we're all happy. Yay And of course everybody's like the bottom's in the bottoms in the bottoms in I can't tell you how many times I've heard the bottoms in and what's the other one? Oh, this is your last chance to get Bitcoin Under 20k I don't know if that's that the truth. I'm not a TA experts And I think some of the TA experts aren't TA experts, but whatever and I can just tell you anything that happened in crypto That's what it is. But there are some bright points Coming about and one of those is this If you took a look at a website called look into Bitcoin, we've got a pretty nice stance here as far as Bitcoin wallets Over one Bitcoin meaning a whole coin or is actually at all-time highs Let me let me blow this up so you can see what I see. Let me see here Alright, I'll go right there. Great. So Okay, yeah there. So this is all Bitcoin wallets on the blockchain on the Bitcoin blockchain Which can say these wallets hold Currently more than one Bitcoin and we can see that it's come up quite a bit over the last. Oh years July 2020 21 22 so roughly two years. We can see that has everything has kind of fallen down There's been some investors out there who say, you know what? This is a great buying opportunity and they did just that especially you can see not so much here when Bitcoin was 63,000 That's not the greatest time to buy but right around here when I went to 36,000 38 And of course, everybody was saying the same thing. This is the last chance to get below 40,000 This is the last chance to get before 50,000 sure foul whatever and then you can see it come here and then as we dropped off a cliff from 37,000 all the way down to 288. That's when people are like, you know what I don't know where things are going But if this is exchange if this is a difference between expensive and not expensive I think this is inexpensive and of course It went down even more but as I went down look at what people do they buy even more But there is there is a caveat here and you have to understand that this is on chain data and on chain Did it can always be manipulated. It's quite easy actually so for this type of thing You could have somebody who has 10 bitcoins in one wallet. So, you know what I like keeping on this one wallet I'm gonna make 10 different wallets and I'm gonna spread out those bitcoins now one Bitcoin and every single wallet And that's gonna increase this does it happen all the time? I have no idea. I personally keep mine in a couple different Ledgers, so it's not like I have them all in one place, but I've been doing this for quite some time I don't know if that is what it is But just so you know that's how on chain data can be a little bit manipulated So that's actually good news. We take a look at I don't know if everybody's doing that So there's a lot of whole coiners out there. Congratulations. And then also If we take a look at this is also from looking at Bitcoin another great website is Ben's Website in the cryptiverse app dot in the cryptiverse. I don't have an affiliate link But I got a link in the description. It's really good But this one same same type of stuff look into Bitcoin You don't have to it's free you can check it out But this is there's a lot of great tools But Bitcoin investor tool two-year MA multiplier and we talk about this and and the MVRB scores and things like that all you got to know is this is I just scroll down here This highlights periods are buying or selling Bitcoin during these times of view would have produced outsized returns Use the moving average to your MA Buying Bitcoin when the drop when the price drops below the two-year moving average the green line has historically generated Outsized returns selling Bitcoin when price goes above the two-year MA times five Has historically been effective for taking profit. So what are we talking about here? Well again? And I'm not saying this is investment advice. I can't tell you what to do not your dad I like great stuff, but you can see that around this time frame Historically potentially could have been a pretty good accumulation time, right? So even as we start to come up people like this is it. I think things are going great I think we're we're out of that this bearish market We're maybe just chop sideways but keep going up and the crypto winter is here or it's over I don't really think that's true. Unfortunately, but there are some good things to look at and that's the positive So now let's take a look at the flip side of that. So we know that the Fed is here to squash Inflation right and they've done their best. I mean look 75 basis points two months in a row how they're gonna take a month off come back in August Hopefully it all works out But you know, they're taking a look at retro data data That's they can kind of look at back and say well, I think we're doing okay But in all honesty, they take a look at the one that I'm always talking about true flation Things are going pretty good actually and again true flation link in the description They take 30 different data points use chain link as an oracle to pull an outside data You can see that their data was much much higher than the eight points, whatever five percent That the government said we were at inflation at much higher than that But things were working out as far as like April goes looks like the Fed did their job and then down here Looks like it was doing well, but unfortunately It came down here and then just kicked up again So ten point zero seven percent and that's just on the USA part remember I know people remind us all meet to me all the time Rob, you know, USA isn't the center of the universe. I Know what I forget sometimes it's it's a fault. I have so let's take a look at the UK. Jeez my lease So there's your interest rates or there's your excuse me inflation rates For the UK and this was just added on true flation and you can see check in 2021 six point not bad UK, but then just just exploded Upwards so I'm still concerned about inflation. I don't think we've had a grasp on it Maybe we've peaked out, but it seems like it's climbing again. And also If we take there's just some odd things that are going on We talked about this before and one of those is the unemployment rates and the unemployment rates usually in a recession two consecutive Quarters of GDP decline Which we can all agree on except if you're the White House, that's fine There are some factors that don't lead to that as far as inflation rates One of those is unemployment rates and unemployment rates Bureau labor statistics We've been at three point six percent for months and Usually anything around four to five percent is acceptable. It's just that's what Traditionally we have called it, but three point six percent has just been going sideways for quite some time And we can sit here as far as June 2022. Also, there's one more thing I'd like to make mention of on page four, which is this in June Average hourly earnings for all employees on private non-form payrolls rose by ten cents or point three percent to thirty two dollars That's pretty good over the past 12 months average hourly earnings have increased by five percent We said again over the past 12 months Over the past 12 months average hourly earnings have increased by five percent. Well, that's great But I'm gonna keep up with this How you gonna keep up with this You're going up five percent, but you're losing by five. That's pretty tough to do Especially when you're trying it when you live in paycheck to paycheck, and I believe people are On top of that. I know we talked about in The unemployment rate is pretty good, but just as a quick reminder three point six some people think that's high That's not high This is how high it could go Here's the great recession 2007 2009 2007 is four point four and people were like that's acceptable five point two thousand eight nine percent in two thousand nine nine point five In 2010 eight point nine eight percent 2012 2013 seven point four six point one So you can see that even after a session you got a lot of people laid off and that was just 2007 2009 1990 Five point eight nine percent nine and a half percent again the same thing over and going eight point nine eight percent So if we're sitting here and we're going at this rate Which is three point six percent? There's some kind of disconnect going on and I will just say this Do you know how they calculate? Unemployment rates. Well, I have been spouting off and talking about. Ah, well, it's just you it's just the unemployment Unemployment numbers as they as they come to the government offices and and register. Well, that's not how it goes This is how the US. I don't know where you're at This is how the US monthly unemployment rate is calculated by the Bureau of Labor Statistics uses a population survey Unemployment is measured through the current population survey conducted monthly by the Bureau of Labor Statistics Only residents who are in the labor force are Counted an unemployment rate those who have given up looking for a job or not So if you're like in between you're like that I think I got this this side hustle I'm gonna be good. I'm not gonna look for anything or I just stop looking because I can't find anything I was gonna live here with my parents or live here and we're in a group housing or something that they don't count That's just how it is Critics argue that not counting workers have given up looking paints a brighter picture of unemployment that really exists Which is good for the government. I must admit especially in midterms But that's that's been going on forever. So it's not like this is something new, but this is interesting So what they do despite what many people believe the unemployment rate is not measured by calculating the number of people collecting unemployment insurance In fact, the government comes up with this much anticipated number each month by following a process That closer resembles a US census government agency conducts a monthly survey Called the current population survey that involves only 60,000 households now we got like around three and twenty three million people in America So 60,000 not a huge sample size, but bigger than most These households are selected using random sampling methods designed to generate as close and approximation as possible to the larger population Number of households in the sample may seem small But not too bad each month US Census employees contact the households in the sample and ask specific questions term and employment status So and it goes on for an example, but that's pretty much how it is They just like here's a sample tell me tell us who's looking for job Who is employed and who is not and then we put out those numbers and that's it So 60,000 sample size, which leads me to this point If you got people who are getting 5% every hopefully every year, but the Inflation rates going up higher There's a disconnect somewhere and there's a big disconnect between what's happening on Wall Street What's handing in the traditional markets and pretty much what's happening in crypto and I think things are gonna catch up to us Just take a listen to this. I just see it. This is just how I see things. I See people out there and I see people. They're all struggling. I know they live in paycheck and shape paycheck I know they're using the credit cards to the maximum I know they're over leveraged credit cards are leveraged and I see some problems coming up I don't know when it's gonna come up. I just see some things just listen to this Let me stop the screen. It's like two minutes or so It's not what you think after this if you think, yeah, should be a good time. I mean, it could be not for sure take a listen For Jamie Rickliffe's it has become a twice a week ritual selling her plasma Originally, the plasma was just like a safety net and now it's becoming more of a necessity Her family's two-income household is struggling to keep up with runaway inflation and they're far from alone Two-thirds of Americans are blowing through their savings because of sky-high prices We should be in a class and we should have a nice savings but Everything's going up workers wages have increased but not at the same pace as historic levels of inflation New numbers today show a key gauge for prices. We pay up 6.8 percent year over year the steepest spike since 1982 What's the bottom line from this week? buckle up And get ready Melissa Bradley is a venture capitalist and says small businesses have witnessed recession warning signs for months We see it every day in our receipts and we need to really figure out how to make some changes Markets meanwhile rose for the week the Dow up nearly 1,000 points Buoyed today by oil giants Exxon and Chevron reporting record second quarter profits Thanks in part to what have been record high gas prices Consumers now finding some relief in falling gas prices down 76 cents a gallon from their peak and job security Nationwide the unemployment rate sits at near 50 year lows in Marion County, Iowa It's practically non-existent. Do you feel like you're at risk of being out of work if we move into a recession? At the moment no Just because there's such a high demand and where we've already got so many orders already in Americans navigating a dizzying economy the demand for labor high but prices even higher for the news I'm Emily Iketta There's the thing it's just there's a little bit of a disconnect to remember There's a difference between the economy What's happening in the economy and what's happening on wall street trad fi and even crypto So let me know what you think about that in the comment section I just see that it seems like sometimes it's just a It's a slow-moving train and then when it gets here, then there's just a little bit more chaos But it could just be me being a little bit More bearish. Who knows? Anyhow, I'll let you think about that in the comment section. Let's move on to our next piece amp It's the ripple treatment. This is a bummer I'm not gonna spend much time on it, but this is what's happened. This was just came out 10 minutes ago 20 minutes ago This is binance.us update on amp and it just says out of an abundance of caution We've decided to delist the amp token from binance us effective august 15th and it talks about regulatory clarity us supports responsible regulation blah blah blah blah blah And what this really comes from is when the sec clamped down on the insider trading with coinbase they listed Ah, gosh, I mean was it seven or nine different cryptos that they said were securities And app was one of those. So it's the same thing that happened With xrp as they came after ripple. They said this is A security and that's why that court case is going to be so darn big on top of the voyager in this lc's case So this is an investment advice, but uh, if it was if it was me And you were taking a look at your amp holdings Might be a good opportunity to take a real hard look at where you think that coin is going and again It's just in america. So america is not the center of the universe However, it seems like there was a ripple effect pun intended anyhow, let me know in the comments and let's move on to Oh, yeah, this one is strange Not that strange if you see things going on is real Is one of the countries among others that's going to ban cash payments over $4400 on Monday is that today? Yeah, it is today shoot So beginning august 1st Israel And they're not the first not the last Will ban cash for personal transactions over $4400 and business transaction over 1760 why is that such a problem? Well If you've transacted in cash, you know what i'm you know, how great it can be It's kind of a hassle But if you want to oh, I don't know not report everything cash is king The country will impose fines between 15 and 30 of the relevant transaction value on those who violate the law The law is meant to file a financial crime by promoting the use of digital payments Which are easier to monitor these amounts represent a reduction from transaction limits that is real previously set in 2019 at that time Transactions were limited to 11 000 shekels or 3200 bucks and personal transaction limited to 50 000 Which is 14? Well, I can kind of stand 14 660 Uh, well, I mean it's up to you. So that is what's going on in the world As far as like cash, let me just you think about that I think that's just the start of it and uh, I'm not a big conspiracy theorist, but It is what it is. So that's all we have And then uh, also to finish up this this part. This was uh Put into the courts This is for the voyager case the voyager bankruptcy case, which is going on right now Metropolitan commercial bank put in a Filing with the southern district from new york, and this is pretty much what it sets what it states Metropolitan commercial bank here by cemets the statements support a debtor's motion for entry of an order authorizing the debtors to honor withdrawals from the fbo accounts Look what a crypto from customer accounts with a negative balance Sweep cash held in third-party exchanges connect order and of course reconciliation And continue staking crypto and granted related relief. What's this really just saying is this They're going to try to allow The people like us which have usd Dollars in the voyager account which voyager opened up for us as the for For us essentially And they're going to try to allow them so people to actually uh be able to Withdraw now there's going to be some type of Audit to go through before they're able to do that, but at least things are moving. This was just filed Last week on july 30th. So there's only so much time that the judge has to respond. So hopefully soon People who have dollars on voyager are going to be able to take that off I am not a lawyer, but i'll let you know when it actually happens Anyhow, that's what's going on the three pieces there and then lastly to finish this up I trust uh there was a problem this weekend with iTrust and Since we've all had our issues with the two two platforms voyager sells you as bald you take your pick Much of the ones it's concerning when the website will go down. So this was From iTrust they stated that's on saturday and sunday Later parts of friday website was down. I noticed it myself that on sunday I was given access or I got into my account and then today can't get into my account again. So here we are So what happened? This is what we got. So on friday I trust capital experienced a network incident That disrupted our dns hosting service and took our website down. All right As soon as the incident occurred we requested our custody vendor lock customer assets to ensure their security While we investigate before I go on If this had happened six seven months ago Wouldn't have been a big thing people like well that sucks, you know, these things are down But everything that happens right now With essentialized authority Especially with iTrust Roth IRAs and things like that Is amplified to the nth degree So I am begging iTrust To get the information out as fast as possible. I use my contacts contacts and people they say we're going with their meetings Looks like everything's safe in these good That's great But tell us exactly what's going on as soon as possible And I will remind everybody is this and I will remind iTrust as well You guys work for us not the other way around So when these things start to happen, I don't give a I don't care That you guys are talking to me through twitter Send out some emails and as many updates as you possibly can I know it may not be like a big thing But sweet mary jose, I mean if you're going to let this happen for I don't know how long I get bombarded with requests people flip out especially what's going on You have to gauge the temperature in the room and be a little bit more Transparent that's all I'm saying if it was me Emails every every so often as much as I could not just on twitter I didn't get an email. Maybe it was my my service Let me know in the comment section, but it just It just makes me a little bit cautious. That's all I'm saying Anyhow Since friday, there have been no access to or trading with customer assets I trust does not hold customer assets, which is true It is the ability to access from that To access crypto from our system that is down. So I trust doesn't hold customer assets. Well, who does? The question And that you can find their website if I can't hold the crypto assets. Who is throwing them for me? First of all, this is who Coinbase custody Is their digital asset security provider? That's who it is. Well, who is coinbase custody? Well, it's the same ones That micro strategy picked up to use for so Okay, that sounds pretty good. I like that part Here's what else log and access will be restricted and assets will remain secured with the custody vendors Until our investigation is complete for individuals who access their accounts this weekend They're all represented zero balance because our system was isolated from the custody vendors. True Additionally, there are reports of fraudulent phishing activity regarding clients. I trust accounts I trust is not currently contacting clients by phone. You know, otherwise asking For credentials. So that's a big thing So just make sure that you understand that everything is a scam until proven otherwise No one is asking for your credentials and if they are they are probably scammers. But again, I gotta tell you Again five six months ago wouldn't be a big thing I would just try to shore that up. I trust and try to move that way Anyhow, let me know what you think about that in the comments section and then lastly just for everybody Winners the wieners Um for sweat coin So congratulations to all the winners for this month. You get 50 sweat coin. I just sent them all out Let me know if you didn't get them Uh chi sheng sang which crushed everybody in steps. That's a lot of steps I don't know what that breaks down to a per day 20,000 25,000 20 23 24,000 a day that's a lot of steps Michael Peters and trade jordan vader lord ice rishi andy jweb theodore jagger meister and lance turner and Of course, I put this out on On my twitter accounts and some other people already contacted me and said hey, I got more steps in that year It's not following me. I've already paid out. So I usually just pay a little bit more As far as sweat coins, but that's it. That's what's going on For the news congratulations and also let me say this that uh, if you've won twice For the sweat coin challenge. Uh, it's a two man out. So chi sheng sang you are uh, unfortunately retired now from from this From this, uh, this competition because I don't think it was gonna beat you at 747 000 You must have a heck of a job and that'll just free up other people to move in there and try to win So that's it. That's what's going on. So look, um, that takes care of today's news If you got to take off take off get out of here I just want to say thanks for sticking with me. Hit the like button your way out