 their thoughts. Then I'm gonna go over the second half and we're gonna do the same exact thing. I want to switch things up a little bit. We'll do Q&A at the very end, but I want to get everybody's opinion about this moving forward. So we'll talk about the Kevin O'Leary story. We'll talk about when are people gonna learn. A call gets the depigged. That's why it's plummeting. Ethereum whale wallet is not caused for panic yet. And then of course the very end we'll go over a Q&A. So before we get going, just real quick, I want to ask everybody a favor because yesterday we did a, it was a great video. We did it with an interview with Mickey Watkins. He's the CEO of World Mobile and I had some issues with my internet for some reason. The audio was fine, but the internet was just a little bit off and very sketchy and very glitchy. So I want to ask everybody, I'm sure the audio is coming by just fine, but as far as like the video quality, how are we doing? I know there's a little bit of delay. So I'd rather just delay this first and switch over if I have to and then go from there. So everybody in the chats, can you see me? Is it glitchy? Are we going okay? Or does it just look just awful? So audio is good. That's great. I'm just asking about the video. Does it look like glitchy like YouTube back in 2014? Looks good. Great. Let's do this. So first things first, let's take a look at, well, let's start with a little bit of the basics. The market. What the heck is going on? So the market itself is not bad. Down a little bit. It's not too big of a thing. I don't think there's anything that's really plummeting. Ethereum, I don't know if Ethereum 1 over 2000 is getting pretty close. Remember the merge was coming up in about 29, 28 days. So by the rumor selling news. That's what I got for you. And what else? Anything down, polygon down a little bit, but it's been on a tear. I really don't care. I mean, the market's the markets. These are the most boring days. But again, these are the best days. A dollar cost average. Just a quick reminder. And then I will say this, because we're going to get into regulation and privacy. I'm on the Brave browser and you're going to see like everything that I go to, it seems like always makes it up on these stupid Google ads. Like right before this was like an ad for a shirt. And now it's best buy because I had to get a new router and stuff like that. So it's me. I'm not going to complain a little bit, but it just seems like privacy is out the window. Ah, there they are. Their shirts. And as you may have noticed, of course, we're in this nice new blue shirt from Land's End. Where'd I get it? Well, from these guys. And of course, their ads come up. Amazing. That's what's going on with privacy. So not to be outdone and get off track. Now that we know that the market's down a little bit for our market, I always are talking about as far as correlation. So does that mean that S&P is correlated to NASDAQ? Nah, today it's the exact opposite. Not the exact opposite. NASDAQ is up. S&P is up. So good for them. So it's all about the teeter-totter, what's going on. Usually, these guys are pretty well versed. They are pretty well correlated. One of the things you were looking for or you probably want to look for is a little uncorrelation. That's why I'm going to talk about Masterworks. Just so you know, if you want to buy into fractionalized shares of fine art, Masterworks here to date is beating the pants off of Crypto, Russell, NASDAQ, and S&P 500, just as a point of reference. Also, me personally, I don't talk about things as I invest into them. I've got two paintings, a bank scene and a basket. Not the whole thing. It's fractionalized shares of art. And just so you know, I bought that basket on October 13th, and I'm up 40%. I haven't done anything. And then just real quick to remind everybody, since these are fractionalized shares of fine art, they are securities, which means they are registered with the SEC. So that's a little bit of a safety thing. And I think it'd be good. If you want to find out more about Masterworks, the link in the description looks just like this. And that's what's going on. Also, I want to bring to your attention. We did a video a couple of days ago, about a week ago. I'm just talking about cycle tops. And there's two that I always want to look at, just to remind people that, of course, no one knows where the bottom is. And we're trying to find these different places. But there's a great website called lookonabitcoin.com. It's 100% free, a bunch of different charts, a bunch of different stats, makes it very simple. And just so you know, we are nowhere near the top. Usually in the green areas of time to accumulate, usually in the white areas, kind of like a little DCA action. Then in the orange and reds, that's when we're hitting the top. But we are not near the top. This will make sense when I do this every day, until 2025 when I think the next cycle is coming. Also, take a look at the pie cycle top indicator, where when the 111 day moving average crosses over the 350 day moving average, that's when we have cycle tops happen in 2013, happen in 2017, happen in 2021. And right now, we are nowhere near the top. Again, I'm going to do this every time just because as we get closer, I want to start timing things a little bit better. So that's what we have as far as the markets and a little bit of shilling going on. Let's talk about Kevin O'Leary. So again, I want to do something a little bit differently. This is the article. And we've all heard about the tornado cash that's going on, the issue, the mixer. And Kevin O'Leary came out and he said, Hey, you know what, I think it's okay to sacrifice the tornado cash, the project, the developers, the GitHub Foundation, not the whole GitHub, but their depository, and just move from there because that's what we need for institutional investment. And before I move on, I just want to make sure we're all on the same note. And what I want to talk about is real quick, what are coin mixers? And how do they work? Because some people don't know how they work. I find them, I mean, it's interesting how they work. I just want to make sure we're all on the same page here. So just so you know, last week, Treasury Department issued sanctions against tornado cash. It's an Ethereum coin mixing service effectively banning Americans from using it. Not everybody else, just Americans. Tornado cash is a blockchain protocol for sending and receiving anonymous transactions. That sounds okay. Coin and blockchain analysis from Elliptic, over 7 billion in crypto has gone through Tornado cash since its launch with around 20% of those funds tied to listed activities, like 1.4 billion. It's a lot. I gotta admit, that is a lot. It's a lot of listed activity, whatever they define that as. A coin mixer is a service that allows users to obfuscate the origin and destination of transactions. Users send crypto to the service, have that crypto mix with other coins, and then send the equivalent amount of mixed coins, the recipient address, hiding the connection between a lender, sender, and recipient. A legitimate use is, you may not want your employer to know the intimate details of your bank or credit card, and you may also want to want your employer to know every detail of what you're doing for those crypto transactions. So that's the legitimate reasons. So let's get into this one. Here's what Kevin said. And again, what I want to do, and we're going to go over half of this, and I'm going to give everybody's opinion. So clamping down on crypto apps that mess with the primal forces of regulation is necessary. That's what Kevin O'Leary said. He suggests that applications like Ethereum-based crypto mixer Tornado Cash are a part of crypto cowboy culture that shouldn't have a place in industry. O'Leary is of the view that crypto needs a rules-based environment in order to attract real institutional capital into the digital asset industry. And much of that regulation needs to stomp out protocols like Tornado Cash, which enables users to conduct anonymous transactions. And we just saw they were illicit 1.4 billion, right? And therefore potentially engage in commodity. He states at the end of the day, it's okay to arrest that guy. Why? He's messing with the primal force of regulation. If we have to sacrifice him, that's okay because we have to have some stability in that institutional capital. And that's what he said. So I'm just going to open it up real quick because there's another great part, second part to this story, but I just want to get a gauge of what people are thinking because if we wait until the Q&A, it's not a little bit too long. So I'm just really curious and we'll make this quick. I'm just curious as to what people think. Let's see. Ryan says, I'm not American. I don't know why this Kevin guy is famous. But I was angry when he said the open source developer arrested in Amsterdam should be sacrificed for an institution like GTFO. The crypto space was created to get away from institutions and the powers that be and their control of everything which keeps us a slave to the system. So says crypto quant and swamp which says he got to sacrifice a few tongues to lick some boots. Or some people might say you got to kiss a few frogs to get a prince. Dane says privacy is not a feature. It's everything. Zach says I'll be buying Monero. Lloyd Smith says he should be in jail. Which one? Kevin O'Leary or the developer? That's a question. Question here. Crypto poppy. Generally cash is meant to hide things, right? Mental transactions, that's totally correct. Mixers are different than privacy coins like Zcash. You guys are clowns for saying we should let people steal cash and money launder. Well, it's a shame to see 590 people watching and always say, well, that's debatable, but I'll take it. Never needed a mixer for keeping taxes. And it kind of goes from there. No privacy is allowed in money, believe me. Interesting. So that's what we have for the first part. Now let's go over the second part. I want you guys to come at me after this. So he believes industry is slowly but truly winning on cowboys. I think we're getting to that stage now. Maybe we're in the third or fourth inning towards that, but I'm tired of this crypto cowboy crap. I want to get involved in a regulated place where we can bring billions of dollars to work. I don't need to be a crypto cowboy. I don't want to be one because I work in the regulated world. So here's where it gets interesting. Jane Linkley, developer advocate Patrick Collins, said that the decision to remove Turner Cash's GitHub account is much worse than sanctioning a website. As code is speech, I'm doing so the U.S. Treasury is violating the First Amendment of the U.S. Constitution. So we didn't know that, you know, for GitHub, the repository, they wiped out everything from Turner Cash. Very hard to find that information now. Ethereum educator Anthony Cessano was temporarily banned from DeFi, lending protocol Aave after his address was blacklisted for receiving 0.1 Ether from an anonymous person via Turner Cash. And that's the thing. That happened to Cessano. That could happen to you. It could happen to me. Actually, I'd check my wallet just to be sure. Still there. But I mean, what would happen? What would happen there? So he is banned now from using Aave just because somebody anonymously sent him something from Tornado Cash wallet. Interesting. Moving down, last week, Dutch Financial Criminal Authority, the fiscal information investigation service, that's a long name. Fiat arrested a 29-year-old Tornado Cash developer who was suspected to be involved in money laundering via the protocol. So they arrested him because he, not because, maybe not because he made it, but because he was involved in money laundering, but that remains to be seen. And he said it's all proven guilty. And that's how it is in America. I don't know how it is everywhere else. So here's the question I have. So over here, Cessano, he was banned from DeFi lending protocol Aave. But I don't think it was banned for everything. So let's take a look at what would happen if, I don't know, let's say you're using CoinBerry or something like that from under the WonderFly umbrella. WonderFly is Kevin O'Leary's products that he is accumulating. One of those is CoinBerry. Looks like an exchange. Let's say somebody was able to send you a little bit of Ethereum from an anonymous Tornado Cash. What happened then? Well, maybe you get booted off. Maybe because you don't want to, maybe because this platform is like, you know what, we don't know where that's coming from, but we want to ban you. And then off you go. Or maybe it happens again. Or maybe it happens with a multiple of WonderFly products just because it's with this. And that's just to say that it doesn't stop there. Let's say that it goes someplace else. And this kind of reminds me of, tell me in the comments, I always forget the guy's name, for the Silk Road founder who is still in jail for a potentially illicit activity. Was he doing everything in there? I'm not for sure. Seems kind of like he was not. And he is incarcerated for, I want to say, life. Is it all worth it to come through here? What is regulation? What should we ban and what should we not ban? Should we ban all weapons? Should we ban all guns? Did guns kill people or did people kill people? Should we ban soda? Because people are fat in America and we need to reduce obesity. Should we get rid of them? And before you say, that's ridiculous, Rob. That doesn't make any sense. Well, that actually happened. There was this thing called a soda ban. As the New York City 2012 Rayleigh proposal put forth by then mayor Michael Bloomberg to limit the sales of SSBs or soda, something like that. In quantities exceeding 16 ounces called the sugary drinks portion cap rule. Probably if it was the soda ban. After nearly two years of legal running, the ban was finally killed by the stakeholder. But it took two years. So again, where does everything stop for these regulations? So now, knowing all these things, I want to ask you again, do you think that these mixers should be taken away? Here's another thing. Cash is a pretty easy way to do anonymous transactions. I know people don't like to say that, but it's true. Like if I want to do an anonymous transaction, cash is fantastic, cash is king. Sometimes there's things that, you know, I would like to not have everybody see. And also, just as a reminder, if if we do any transactions, which I highly doubt we will, but if we do anything in in wallets, just know that I can look through all your wallets and see exactly where you've been and what kind of transactions you've done for everything. That's the great thing about blockchain. So now, knowing that, do you think that it was okay for this to get banned and to be put out? I think it's just, it's a little bit too excessive. So let's see. Let me go to the comments. I'm cool with it. Cash is private. Oops, let's stop here. Reaper man's got a point. I think moving away from the perception for the general public that crypto is a way to money laundering in is for crooks is a good thing. That's true. It is a good thing. You have a very good point. God, maybe we want to know whether privacy is a God in illegal rights, interwoven in our legality. For privacy, I use cash. Me too. I love it. The Communist Republic of America. Point one isn't a tiny amount. Well, a tiny amount. I think you could have, I think you could have sent a lot less and been just fine. Tommy, I don't know if you can do that. If you build a mixture, you should take reasonable steps to guard against its use of money laundering. I don't think that's that's it. Ross William Albright. That's it. Dred Pirate Roberts. I don't know. Still hold it. One of the Goose, you know, band to band. Kevin's right. Welcome for cash too. That's hard now. So we're like right down the middle, essentially where people are thinking of, here's my thoughts. So you know, on this channel, I've been pretty a big proponent of regulation. And I'm going to need to clarify it. And I need to clarify what I mean as far as regulation. I think that we need clarity as to the language of what cryptos are. Like for Bitcoin, I think we're in that camp of the majority, saying that Bitcoin is a, probably going to be a commodity. If the SEC comes out and said, yeah, it's a commodity, it's going to go to the CFTC. Great. And just treat it like property, like gold, then off we go, right? And the next part is, well, what is it going to be a currency? Because it kind of acts like a currency. I mean, it's fungible. It is divisible. It is recognizable. It is transferable. It has value. So it's one of the things where is it a commodity? Is it a currency? Okay, you guys take commodity. Now what's the security? If we can just get it just to say what these things are and give us clarity, I think that's the bigger perception for these institutional investors to come in. And I will remind everybody that just because institutional investors are coming in, that means a good amount of money. But that also means a good amount of manipulation. So just like everybody thinks that when institutions come in, and it's going to be the heyday of all time, and we're going to have a ton of money, institutions come in, they put money in, but they're not all the same. They're not built the same. They only respond to their shareholders. And if their shareholders say, we need to sell all this stuff, this is dumb, we're going to get out, this is not a viable option for us, especially when the next, I mean, there's going to be another bull market, there's going to be another bear market. You love the institutions when they come in, but you're going to hate their guts when they take all that money out, and they're going to do it, and they're going to do it again. So don't think that it's going to be the greatest thing of all time, unless you get out at the right time, I guess. Anyhow, my thoughts are this, I just like clarity, and just to go from there. It's just like with Law 230, when the internet came to pass, and the US Congress took action, and they said, look, because the people who ran these websites were like, am I going to get sued for what people say in these groups for what they post on my website? Because I don't have control of that. And that's what Law 230 was. It allowed the internet to flourish, and it was just a light touch to move off, and then actually make it actually what the internet is today. I'm hoping we can do the same thing with crypto, but I see stories like this, and it's very concerning. Anyhow, let me know what you think about that in the comments section. Let's move on to our last two stories. What will people learn? So, Acala. I don't even know what this project is, but first of all, let's take a look. What is Acala? ACLA. Dang, it's ranked 226. And it's only down 2%. What the heck? Okay, Acala's stable coin falls 99% after hackers issued 1.3 billion tokens, bugging the protocols, newly deployed liquidity pool with the door wide open. How much did they exploit? A bunch. Polkadot based DeFi platform, Acala's native stable coin, dpegged on Sunday, plummeting 99%. The hackers sold or minted 1.28 billion tokens. Somewhere Jerome Powell was going, those are rookie numbers. Acala developers said the bug was caused by a misconfiguration, liquidity pool shortly after went live on Sunday. Walla believed to belong to the hacker. Attacker still contains approximately 1 billion. Acala's asked the white hacker to return the funds. Good luck with that. On Shane's loose to point out the attacker minted 1 billion was not the only person to take advantage of the bug. Several other users allegedly stole thousands of dollars worth of dot. Sometimes when I look at this, I start to think about regulation again, as maybe we should have a little regulation to make this a bit safer place and to have actual real audits, not like an audit like once a decade, but continuous audits and go from there. But I think if we keep doing that, then where does that stop? And it makes me a little bit concerned as well about this situation. I just think this is what's going to happen. People are going to keep losing money because they're going to keep gambling on these crazy projects. They don't understand exactly what they're investing into. And it's these types of projects. And you can name a ton of them off the top of your head. I'm sure this is where all the Bitcoin max is getting minted. So I mean, it is what it is, and it's going to keep happening. So that's what we got. But there is something else to pay attention to if you hear this story. There's an address that was on an ICO era, Ethereum address that just moved 145,000 ETH. And that's before the merge. And basically, you know, the merge, this is a great website called when merge, got a great information about all the different stuff that's going on with the Ethereum merge and so on and so forth. And it's about 20, about 29 days or so. A lot of great information over there. But just so you know, when the merge happens, it's not going to lower the transaction fees, it's going to help some things. It's going to go from proof of work to proof of stake, but not the fees. But let's hope it works. So this is concerning just the title. But wait, just wait. The whale address transferred 145,000 ETH to multiple wallets and at the price of ETH, they're surged to a new high. Great. The total value of the transfer ETH is over $280 million. That's a lot. So of course, when people think, oh, they're moving it, they're moving it, that means they're going to dump it. No, it doesn't mean it. Just because you move something from one wall to another, doesn't mean you are dumping. Now, if you go from an anonymous wallet to another anonymous wallet, probably not. But if you go from an anonymous wallet to a coin-based wallet, yeah, you might be dumping. But here's what it is. It's important to know that most transactions are unknown wallets rather than exchange, like we just talked about. And these are not exchanges. A few others believe that the whale might be trying to stake their ETH, become a validator in the POS network and generate passive income. I mean, I guess if you got that much money, why not make a little bit more money? So if you hear this story again, do you see this title? Not a big deal. It's just somebody moved a ton of their Ethereum from their anonymous wallet to another anonymous wallet, and that's what's going on in the news today. So look, that takes care of the news portion. If you want to stick around, we'll do a little Q&A, even though we went over that great story about Kevin O'Leary. But I'll answer all your burning questions, the best of my abilities, and we'll go from there. So again, take off, take off. I thanks so much for stopping by, hit the like and subscribing your way out. Of course, let's jump into the Q&A.