 Great. Welcome to Julas at News. My name is Rob and we got a lot to go over. So let's just jump right in, shall we? So today, of course, you might be here because of the thumbnail on the title, but really what's going on, things just falling like dominoes. We've got issues with crypto.com, with BlockFi, and of course with Voyager as they suspend withdrawals, deposits, and everything in between. So we'll take a look at what is going on. Let's take a look at a video that we did in June 22nd to talk about potentially what happened back then, how it relates to right now. And we're going to take a look at the Voyager action moving forward at the very end. We'll do a Q&A, which I'm sure a lot of you got a lot of questions. So I will answer all those questions, all the burning questions that you may have to the best of my ability. So let's just jump right in. And of course, you would expect that with all the negative news, with these brokers and exchanges, there would be quite a drop off as far as the markets itself. But if you take a look at what's going on the market today, it's like nothing really happened. And it's actually looked better than yesterday. And the day before that is we're actually up in 24 hours, just a half a point, which is pretty good. Ethereum is up, holding over 1000. Now Bitcoin is below 20K, but it's not unusual. I think it's going to go even lower than that, as we start to see more contagion from three arrows capital or three AC. Now we take like a Binance coin, people up XRP down a little bit, and just some all around, not magical, mighty swings, but a lot of things that are going Cosmos hub up 11%. 4% for Monero and so on and so forth. So this made me wonder, we have these issues with the exchanges with these brokers with these platforms. And I got to thinking, I'm like, well, are we that in lockstep with traditional markets? Are we that correlated as much as we think we are? Yeah, matter of fact, we are because we take a look at the S&P 500, they're up a point. And then of course, we take a look at the NASDAQ, more the tech stocks, almost a point itself. So in the cryptocurrency market is up 1.8%. So not a perfect correlation, but I find it very fascinating that as the bad news rolls in for our markets, it seems like it's just not a big deal. And then we're just lockstep with S&P 500 and NASDAQ as things go around. But that's not why you're here. You're not here to talk about the market here to talk about what the hell is going on with my money on these different exchanges. So let's get into it. Falling like dominoes. So first up, we've got this snippet, little information from crypto.com. Now crypto.com hasn't stopped withdrawals per se. But if you don't have their card, they have dropped their withdrawals precipitously. You can see right here, the daily limit for the last part here is up to a maximum of five transactions per day of only $3,000 per day. So if you have, oh, I don't know, six figures on there to take quite a bit of time to take that all off. If you think there might be someone going on with crypto.com, and I'm not saying that there is. Now, if you do have their card, the Visa Midnight Blue, it's a whopping five grand per day. And of course, the Ruby Steel card, as it says here, 10,000 per day. Jade green is 50,000 and obsidian iso. I don't even know what the heck this is. I don't even use crypto.com. I have no idea what 100 grand per day. Well, good for that. I don't know what kind of holdings you have to have for crypto.com to get that, but probably pretty high. So that's what's going on crypto.com, the exchange, you know, somebody favors the bold and such like that, that commercial. Now let's take a look what's going on BlockFi. This is Zach Prince, CEO of BlockFi. I need to come out yesterday because there was a report from MMSNBC that BlockFi was going to be sold for $25 million. He said, hold up. That is fake news, sir. That is fake news. We are not selling BlockFi for $25 million because that would be a far drop of its valuation from the billions or whatever else it was. And it's not $25 million. It's actually $240 million. So Zach comes out and says, yesterday, this just happened five hours ago, we signed definitive agreements subject to shareholder approval with FTX US. You know FTX owned by Sam Bakeman Freed, who I think is the next Jeff Bezos in crypto, honestly. And this is the deal. They're going to get this for, there's going to be a $400 million revolving credit facility, which is subordinate to all client funds and an option to acquire BlockFi at a variable price of up to $200 up to $240 million. Let me say that again, up to $240 million based on performance triggers. This is a value of $680 million. We have not drawn this credit facility to date and continue to operate all our products and services normally. In fact, we raise interest rates affected today. I'm not for sure exactly what they are raising, but sure. And then they talked about what led up to this. It's the same story. Crypto market volatility, problems with Celsius and three arrows capital had a negative impact on BlockFi like everybody else. Celsius news on June 12th started an uptick in client withdrawals from BlockFi's platform despite us having no exposure to them. It's a funny thing. On June 12th, I put out a video and I've talked about this and I said, after coming back to consensus, I said, there's something going on with Celsius. I don't know what it is, but the people I talked to in Austin, they're saying there's some pretty bad things. So you have to decide if it's really would behoove you to keep your crypto on an exchange where there's a lot of bad things going on potentially. And for me, I said, it's not. I'm taking all my crypto off. And fortunately, as I was doing it, left a solid 3% of my portfolio. I think we all know that. And that was a video at 11am, 9pm, they shut things down. Now we fast forward to today. And everything was going pretty good. We had a nice, not a bailout, but a nice loan from FTX going to Voyager, because Voyager had lost roughly 15,020 Bitcoin to the deal to 3R was capital. Because why not? They're a multi-billion-dollar fund. They seem to be very credit investors, very smart people, made all this money. So sure, why not? So that was 15,000 Bitcoin. Also, they loaned out around $350 million to them as well. So it was a nice big chunk of change. So what happened? 3R was capital defaulted on that loan. We said, we start, we don't have it. We did a bunch of DGEN stuff and it's gone, Luna, Terra, UST. And then, of course, they came back and Alameda Research, also owned by Sam Bakewood Freed, again, the next Jeff Bezos, the crypto. So you know what? We got you. We're going to give you that 15,000 Bitcoin as a loan. We're going to give you $200 million on top of your $137 million that you have in reserves for cash, which is really almost what you really gave to 3R's capital to keep you liquid and keep going. However, some way, shape, and form, just like FTX gave a loan to Zac Prince and BlockFi and just like they gave a loan to Voyager, it kind of seems like it's not a loan. It's like a down payment. Anyhow, so here's what we have that's going on today. So here we have CEO of Voyager, who's been on the show many a time. I like Steve and I like the people at Voyager. He said, look, today we made a difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. And you can read all this stuff, sure. But before we do that, I just want to make mention of, you see these things, the rules right below of my big enormous head? Rules. I put those down there not to waste my breath, but to give you some type of sense of what I consider for myself to be these solid things that I shouldn't infringe upon. And there's only five things. It's all gone, which means never, ever invest more than you can afford to lose. I know it's easy to say and it's cliche and people like, shut up Rob, we don't want to hear this again, but you have to because I need to beat it in your head because a lot of people are still not doing these things. Again, you don't have to take these rules. You can adapt them as much as you can. I'm not your dad. I'm definitely not a financial advisor. Next one, 100% scams. Everything's a scam until proven otherwise. I don't care who's calling you or texting you. I don't care if your mom is asking for your Coinbase account. It's all scams, all of it. Even if you look at me, don't even trust me. You have to do your own research. Don't trust, verify. The next one, the most important one I've been harping on the last two weeks and even longer than that, nothing on exchanges, nothing. Now, there is provisions of course, like if you have sell limit orders, it's kind of hard to not keep everything on the exchanges. You can keep a little bit on there, but I don't want you to keep, or I wouldn't keep, I should say, my entire life savings on the platform. It's a recipe for disaster. So yes, I left a couple percentage points on Voyager and 3% on Celsius, but it wasn't 100%. And that's the big thing. It's not going to crush me. The next one, no leverage, 25X, 50X, 100X for money that you don't have is not a fantastic way to lay things out and invest. That's just me. Again, you can do leverage all day long, but I get DMs and emails all the time. Rob, guess what? I did the leverage, you said not to do, now I don't want to tell my wife. You got to tell her at some point. The last one is take profits. Nobody, everyone broke doing that. And I can tell you right now, every single, I can 100% guarantee. Well, no, 99% guarantee that 99% of the people who are watching this video said I should have taken more profits along the way. Tell me where I'm wrong in the comment section. So I just want to share this video with you, which was on June 22. My concerns and my concerns with Voyager really came back to this flow sheet where we took a look at the assets that were loaned and the collateral that was received. And you can see here, this is in thousands, you got a bigger number up here, 2.022, 444, than what the collateral was put in. Why was it no collateral? I mean, you got to put collateral up, but not in this situation. And that's I think a problem. So this got to me. And what led me to was this conclusion right here. Let me share it with you. And the things I've been harping on for quite some time. Let me stop my screen. Let me share a tab so you can actually hear it. And let me mute myself. There is no echo. There is one more thing I like to say. You see these rules underneath me? I just put these rules out two days ago, the rules. And I said I wouldn't remove them because I think they should stay forever. Because these should be some of the rules that I think that I will adhere to. You don't have to adhere to them because this isn't a financial advisement, a financial advisor. But for me, the rules are this. I always think to myself, anything that I invest into, it's already gone. Meaning, in my head, I have just think myself, well, whatever I invest into, I'll probably lose it. And I can only invest more than I can afford to lose. So if I'm okay with putting 20 bucks into Bitcoin and going, well, this isn't going to crush me. I'm okay. If I look at my bank account and put my entire life savings into Dogecoin or even Bitcoin, then maybe it's not the best place for me. Next one is everything's a scam. Treat everything like a scam until proven otherwise. And you'd be a lot happier person. I can guarantee that. And the next one is 0% exchanges. And I don't know what's going on. I said the same thing with Celsius. It seemed like a little bit off. So on last Sunday, I said, not this Sunday, the last Sunday for last the 12th, I said, if you don't feel comfortable and is the yield really worth it, then take it all out. And the same thing here. Now, I will still use Voyager because I still have to buy crypto when I dollar cost average and when I want to sell, but I don't have to keep it there if I don't want to. And there's some cryptos that you can't take off of Voyager and other exchanges. So for that, you have to decide, is it worth it to buy this crypto and leave it there or not? Maybe I want to put it into a ledger. Maybe I want to put my MetaMask. It's up to you. I can't tell you what to do much debt. So these are just the things that have kept me a little bit safe. The next one is no leverage. It's just a rest for disaster. And last one is take profits. Stop being so greedy. Trust me, I get into that pit myself. So that takes care of that section. I know I repeat myself. I get it. But I got to tell you, as much as I repeat myself, I still get the DMs and I still get the messages, Hey, this didn't work out. This is what happened. And now it's all gone. First of all, I don't think it's all gone. Let's talk about it. So we take a look here. Here is the official message. This is what Steve put out. And the interesting part here, where he's explaining why they did this, this decision gives us additional time to continue exploring strategic alternatives. And we'll talk about the companies that they're working with right now with various interested parties while preserving the value of the Voyager platform we built together. We'll provide additional info at the appropriate time. This is a, they had previously announced that there was a notice of default to three arrows capital for failure to make the required payments in this previous fiscal loan of 15,250 Bitcoin and 350 million USDC. Voyager is actually pursuing all available remedies for recovery from 3C, including through the court order liquidation process in the BVI British Virgin Islands. What they're talking about is this article, which was on June 29th, two days ago, the BVI court ordered the liquidation of three arrows capital. So all those funds that they have, whatever they had left gets liquidated. This is on Monday. They appointed two partners at consulting and advisory firm to nail to handle the liquidation. They'll oversee talks with buyers that may be interested in three arrows remaining holding, such as tokens or equity. Website will be set up to locate creditors, Voyager, and determine who was on what, a lot of money, the Voyager, three arrow Anacelsis. Three arrows is invested in a rise of decentralized finance platforms, such as Aave and DYDX. Court order brings the curtain on one of the most famous hedge funds founded by Zusu and Kyle Davies, former credit-sweice traders. So that is what they're talking about there, as far as liquidation, trying to get things back. Can they get a lot of things back? I don't even know how much they are liquid. I don't even know how much assets they actually have as far as three arrows capital. They have to have some, but I don't know how much it is. I don't think it's that much. This is the interesting part. The company has engaged three companies, Moellus and Company, Consuelo Group as financial advisors, and Kirkland and LSLLP as legal advisors. Who the heck are they? So first up, Moellus and Company is a global independent investment bank. They are investment bank, global, providing confidential, un-conflicted strategic advice. There's those guys. They're all over the world. 3.5 trillion of transactions. Only they have that assets under management, with deals ranging from 100 million to 160 billion. So they're looking for liquidity. This might be one of those places where they could actually find it. That's good. Consuelo Group. We invest capital to grow companies and advise clients across industries through one integrated platform. We also offer proprietary business development and digital currency advisory businesses to help companies excel and evolve, again, looking for liquidity, looking for money, looking for big players, to potentially help all the users and customers of Voyager. And then lastly, fortunately, the legal part. This is Kirkland and LSLLP. And what they do is you can see they're just a big powerhouse of a legal team, antitrust, appeals, capital markets, licensing, litigation, M&A lit mergers, and M&A's open-source software, crisis response, digital assets, derivatives, all those things. So you got to have really those three. Give me two to help us bail us out and give me a legal team so we can get all these, the dots dotted and the T's crossed and all that good stuff. So that is essentially what is happening with Voyager. And they just go over exactly what I said as far as numbers go. So here's the crux of what we're talking about. The thing is, when people, when I see DeFi rug pulls go, and we can find the wallet and it is zero, because we can all look at the on-chain data. That's the great thing about these decentralized aspect of crypto. We can take a look at all the different wallets and say, what is with iron finance? It was gone. Sorry, it was out of there. And a plethora of different ones also. But with this one, you can take a look at different wallets that Voyager actually has. And you can note, they still are, they still have funds in there. Yes, they lost a bunch of funds out there. Yes, they did get a nice influx of cash. But I think, fortunately, my job, make sure I say this right. So it comes down to this. The exchanges, the brokerages, in every place that you put your money, they work for us, not the other way around. And what I do on this channel is just report the news. But I'm not beholden to anybody. I have to give you the best information I possibly can. That's why a nice little video that I talked about here, I'm sure wasn't taking fantastically for Celsius and Voyager, all the different places and all the exchanges where I talked about, take it all off. That's not my responsibility. My responsibility is that the people that I'm talking to, that they know all the risks as much as possible. Can I tell you all the risks? No, I can't. So again, exchanges work for us. Nobody works. I mean, some people work for the exchanges. And in all honesty, I really do work for the people that watch this channel. So that is where I put the most value going forward and in the past. So that's what it is. So again, do I think that all the money is gone? I don't think it's all gone. I think that one of the problems to be quite honest, is that when I talked about this on my show, this could have been misconstrued and people want is then maybe there was a huge run on everything. And maybe I have no idea because I can't I can't get anybody on the show from Voyager because they lawyer it up. They're like, look, just like every bank that's out there, if you go to your bank, I don't know what bank you've got, USA or Wells Fargo or Chase, whatever else, if every single person went to that bank, go give them my money. But we don't have your money. Well, we don't keep cash here. You got to wait a week. And if everybody went in there and withdrew all their cash, they'd be around the bank to be insolvent. And I think that's kind of what's going on here. So do I know that for a fact? I don't. Do I think that this is a huge rug pull? I don't see that. I don't see why this is the dumbest thing of all time. If you, this is the early days of crypto, if you set yourself up right, who gives a sh about the little pittance of money that you make right now, as opposed to being the leaders in an emerging class and an emerging platform, and an emerging asset, like I said, an asset class, and be a part of that in five, 10, 20 years, you'd be a juggernaut, you'd be a global juggernaut. So why give it up for a pittance of a little bit of money? To me, that just doesn't make any sense. But that's just me. Tell me where I'm wrong. And that's it. So look, that's it. Oh, I didn't go through the things. That's it going for the June 22nd video, what you're going for, and everything else. So got ahead of myself, didn't hit the, didn't hit the ticker tapes. But that concludes today's news. If you got to take off, enjoy the weekend as best you can. I think if we're looking at a short term frame, yeah, it looks pretty bleak. But are you here for the short term? Or are you here for the three year, five year, or 10 year? That's up to you.