 Great welcome to the last that news to get top stories and crypto bring on a bite-sized pieces My name is Rob and today we've got a lot of positive stories to go over. So let's jump right in We're gonna take a look at the market recap See what's happening there and we're gonna tug a look at what the heck is going on whale number three I'll take a look at three good stories jobs regulation from somebody who actually gets it Apple and the metaverse play and also Middle East oil producers are getting into Bitcoin mining So we'll go over all those things. But first Let's take a look at what's going on into the market right now as we speak before I even actually go into that I want to give you guys just a little Opportunity to zoom out for a bit and I know that you probably have taken a hit from your friends and family as they Reminds you continuously about how much crypto and digital assets have gone down since you were talking about it for not too long But just remember when I started to talk about that just give them this little this little snippet here, which is look I don't know if you got a raise of over 8.5 percent But if you didn't all that money you're making they just inflate that away. So don't talk to me about These different investments that I'm doing also if you think gold is great remember they did they find more So it's not really finite even though I do own golden so myself and of course we can buy stocks But they sell more shares. There's different Tom foolery going on behind the scenes going on with that just ask anybody from JP Morgan and then also if you save cash just remember that they print and debase it and that's why we like Bitcoin Some crypto digital assets 21 million. It's not scarce It is finite and the set in stone and also remind them about this too If they think about well, but why should I really really really? Compare this it's because of this Just follow me on Twitter. I'll share this this image with you or you can take a screenshot right now It's sense whoever whoever wants to this is one of those Assets that actually are deflationary over time as opposed to the dollar, which of course is inflationary So just looking 2011 couldn't buy much the Bitcoin and now today one Bitcoin was like 30,000 It's pretty good. And of course who knows where it's gonna be in eight more years or so So just something to consider as we go along on this very Rocky journey and that would lead me to my next point the market markets good today Hey, we're at 4% so take little wins if they're in up to Cardano up 3.8 5.7 for Solana great 4% for avalanche 4.2 for poly on everything's up. This is a good day So what do we always say in the green days? If you are in profit Make sure that you are looking or deciding or deciphering or choosing to potentially take profits And I know some people I can always I can already hear it in the future People are gonna say Rob you screwed me because you told me to take profits and I made only you know a 100% gains as opposed to a thousand percent gains and for that I'm just gonna remind every single person who ever says that to me of one word Luna and that's it. So it's up to you to decide if it's time to take profits But nobody everyone broke doing that Also, we'll take a look at the correlation. It's looking pretty good actually S&P 500. We're up 0.33 percent So I guess and then 0.39 percent for Nasdaq, but just so you know this morning We are quite a bit actually and then there was a bit of a drop. So I'm not sure if there's News on the horizon or earnings or something spook somebody but our people taking profits potentially as well So as we start to go down, you will also see Crypto, which I think is more correlated than people think to also go down. I remember just about an hour ago This was up 3.6 percent now. We're at 3.2 percent. So just something to consider and lastly, I Wanted to show you a friend of the show whale number three some anonymous wallet Some people have their their idea of whose wallet this is but it's a wallet that accumulates quite a bit of Bitcoin along the way And I linked Bit info charts to this specific wallet in the description below so you can track it yourself But to me, I found it quite interesting that wall number three Which Ben over into the cryptoverse is the one that turn me on to this this wall just to just to check out for giggles is that Over time you see like since May it's like every single day Just adding adding adding adding 16 17 23 24 26 26 27 and then it just kind of I mean There was a there was a move here negative 1500 Bitcoin. That doesn't mean they sold it just means they transferred it I don't know where it goes. Not no Sturdoms, but it is interesting that they're kind of weaning off the buys So you can just see since May 26. I mean, yeah 86 Bitcoin in May 27 But as of today's the fifth, right? Sixth really hasn't been too many buys. So that makes me wonder what's going on behind the scenes and I think That's even whale number three. I think maybe waiting for the CPI numbers, which are coming out on Friday June 10th at 8 30 a.m. Eastern time And it's one of the reasons why we did this video yesterday where I talked about not buying any crypto until Friday at 6 45 a.m Because I'm a mountain time 8 30 is Eastern time so I'm gonna wait see what happens. Also, don't forget Fed reserve means gonna is coming up on June 14th and 15th So we got June 10th CPI June 14 and 15th for the Fed meaning and if everything's good great Then we'll take off like a little bit of a rocket, but if inflation has increased which I think it potentially has and We see some negative news. I expect those numbers to drop That's why I'm gonna hold off my DCA just for this week It's a rare occurrence when Rob does not DCA and just see what happens. I could be wrong It could take off the moon. We could be at 70,000 tomorrow. I have no idea But that's just what I see. So let me know what you think about that in the comments section Let's get on to the good stuff, huh? Let's get a little bit of a positivity Because we sure could need it macro So look we can't we're not in a in a bubble We're in a macro environment and things affect us Fed reserve rates affect us supply chains affect us COVID virus which I don't like people are so afraid to say that it's the virus COVID's been here forever That affects us mostly for supply chains the good news is that Shanghai opened up last week and looks like hopefully There's some resolution for the supply chains and then this little gem came out a couple days ago US job growth tops expectations of May with 390,000 added so we'll just quickly I'll say this employers added 390,000 jobs in May, which is great According to a payroll port from the US Bureau Bureau of Labor Statistics or BLS It's a slowdown from April's 4 and 36, but beating economists expectations of 325,000 that's pretty good an employment rate remain at 3.6 for the third consecutive month higher than expectations for a decline of 3.5 but remember the high in April of 2020 was 14.8% now that's in the US. I don't know what it is globally, but to me I'll take that W That's good news also on the horizon is this Regulation from somebody who actually gets it now on this show. I take a very unpopular stance Which is I think we need regulation and I've talked about it ad nauseam. It's very simple Just tell us what is a currency and put that to the OCC tell us What is a commodity and have the CFTC regulate tell us what a security is because Gensler seems to be the most secretive gossip girl out there and can't tell us exactly what what a security is and then the SEC can regulate that Just give us that then we can go forward and then of course I always say tell me the rules so I can bend the rules to my whim and then just move on from there Why keep it such a secret? So I am pretty happy about Cynthia senator Cynthia Lummis like hummus State this we've been teasing it for months, but the time is almost here proposal to fully integrate digital assets Into our financial system excited to finally unveil this effort next week Stay tuned and I will just say people get scared when politicians start to talk like this But Lummis is one of the very few that actually gets it her and to me and a handful of people Even senator ten crews in the great state of Texas is pretty on board with Bitcoin So I'm excited to see what this brings because we have had some pretty much of not the greatest legislation and regulation come out so that to me is a win and then also Here's some more good stuff. I thought this was interesting. This is from The daily upside link in description. It's a free newsletter I get every day just to keep on top of the macro stuff because there's so much going on I can't keep it straight and I found this was interesting because of the metaverse play and I don't know how big the metaverse is going to be I mean, it's going to sound ridiculous probably in 10 years just like How big the internet became but I can tell you one thing is for sure 100 percent Uh, the blockiness that is right now is not going to cut it Also, those stupid headsets that meta makes are not going to make it Have you ever tried to wear those heads that longer than 20 minutes? It's uh, it's Maybe so they have a big head. I'm not sure but it's almost impossible and it's a big pain and I hate it And I don't see how things can move forward. However, this gives me a little hope So apple will will portally launch a headset within the year The ripples could be as big as the iPhones and The question that is pondered is what will it take to convince hundreds of millions of regular people to rock around In their everyday lives wearing a virtual reality headset again. You've seen those headsets. No one's doing that. That's dumb however It takes an earth shattering idea to move the needle for a company that made almost 400 billion in revenue last year That will be apple Sources are spoke to new york times. So the company plans to ship its first headset next year And I'm like I mean, it's good for the metaverse, but who really cares now we get into numbers VR market is dominated by Zuckerberg's meta which sold 10 million quest to headset last year For a 70 percent market share. It's all quite a bit Uh meta has 17,000 staff working on metaverse technology. Let me say that one more time If there is ever some kind of Unrest about how big metaverse play could be meta has 17,000 staff working on a metaverse technology Back by a three billion dollar quarterly budget three billion So it is no coincidence of why facebook is now called meta Apple which sold 240 million iPhones last year. It doesn't do niche markets or niche. How do you want to say it? Uh city analysts predict that one billion people equal number of iphone users today will use headsets by 2030 creating a two trillion dollar market apple worthy And then lastly because when I read this I'm like again If they're going to do a knockoff of that that headset who cares it's not going to work But this is really what it comes down to The There is a path That's excuse me through its 2017 acquisition of revanna apple bought pass through technology that enables headset Wears to see the world around them with digital images later over the top meaning everything from making payments to getting directions Could one day be hands-free and again if you're looking for like metaverse plays virtual reality augmented reality That would be the way to go There is a path that you won't need your phone An augmented reality glasses will evolve to be the next computing platform. That's from christiano amon ceo of qualcomm Which is the chip producer for apple and meta. So here's the thing From what I understand from the rumors that I see it's not a big ass Excuse me. It's not a big headphone. It's uh glasses like this It's glasses like this And the chips are inside the glasses and they're very light and this one's very light It's not the actual product obviously But everything's overlaid in augmented reality and you can swipe and go Just like the tom cruise movie Now we're swiping and all over the place And it's very easy to use see I can use something like that To do different things or imagine just having something like this and then you have some kind of metaverse play You do and play to earn or move to earn and this is what actually goes through How easy would that be and maybe your metamask wallet is integrated into here? The thing is I don't know exactly what it is, but I can tell you if it's apple on it. I trust apple For product development a lot more than uh, facebook So let me know what you think about that in the comment section and then lastly Some more good stuff The middle east Oil producers are moving into bitcoin mining with cru so energy stakes And here's what it is So let me blow this up so you can see it I thought this is interesting to see how the middle east gets into bitcoin mining at first I thought it was gonna be something really fantastic, but it's just just a just a good news story Cru so energy privately held u.s. Company that pioneered bitcoin mining by using wasted natural gas as a power source Is expanding in the middle eastern region with investments from Mubadala the sovereign wealth fund of Abu Dhabi and the oman oman investment authority or o i a It's a 350 million funding that closed in april. I'm sure there's gonna be more of that The denver base miner will initially open an office in the capital city of muscat and an Abu Dhabi shortly thereafter Lock miller expects to have pilot level technologies deployed at one site in each country in the first quarter 2023 so First of all, what is this? flares a natural gas that doesn't make any sense So in the flaring process, you know, you ever see those movies where they got the big oil rigs and there's just a bunch of flares going off So in the flaring process excess natural gas is burned off into the atmosphere as part of oil Drilling operations because they can't do anything with it So what these guys do is they collect that and they use that for bitcoin mining energy sources It's not an issue in the us but a global problem with a global impact Said lock miller who said the mean of region is responsible for over 38 of global flaring Using this otherwise wasted flared gas to mine digital assets has emerged as a popular trend Among both crypto and energy industries Those involved point out the win-win of reducing emissions while powering my rigs so Some more good news if we can get rid of that stupid esg Environmental social governance problem, which I will remind everybody as a scam We did a video last week where dutch bank head of the head of dutch bank for esg investments was the office was raided And he has resigned already and it's because they found out that the companies that they said were esg compliant They were investing heavily into we're not esg compliant. They were just picking winners and losers I will try to link that video in the Description, but it's funny though. I haven't heard anything else about that anywhere except for the one video that I did And I'm a very small youtube channel. It's quite odd that you don't hear that on the mainstream media a little weird, so That actually leads me to my next point. I know People are big believers in uh, I mean they say well natural gas we should use like uh Solar and wind and water and stuff like that and I was on the same the same wavelength However, there's this video And I link them in the description. I'm not going to play anything about it here This is for this is your time to do your own research. I can't do it all for you So this one is a 17 minute video and it talks about why renewables can't save the planet from michael schellenberger Well, who's that? Is that some oil guy? No michael schellenberger is the time magazine hero of the environment and president of environment and president of Environmental progress a research and policy organization. He's a lifelong environmentalist And he explains why solar and wind farms are not going to work And you have to go nuclear and how safe and effective nuclear energy is i'm not here to change your mind I'm just here to give you all the information. I possibly can so that video is a link in the description You can check it out 17 minutes certainly did change my mind and lastly a little bonus step in and And when I first read this I just came across my my notice right before I started this video. That's why I just put it as bonus um I thought this was a negative story, but in all honesty, it's very positive. I'm gonna tell you why in a second So step and if you're not aware is a move to earn Uh crypto digital asset that you can download on your phone. That's an nft and you get these little cool shoes I have it myself. I'm not a big fan. Everybody knows that. However, this was interesting blockchain based move to earn app step in under uh distributed denial of service attack after upgrade So the problem that they're dealing with is this they're trying to get rid of cheating and bots It's also working to limit its platforms availability for users in china because they got stopped off So step in reported a denial of service attack and the aftermath of the platform proceeding with a major Anti-cheating upgrade. I applaud them for that Uh step in was expected to secure and recover the servers in up to 12 hours But it's not post an update for 20 hours by the time of writing and this was Yesterday and if anybody has some updated information, I'd love to hear it Step and said our engineers are working hard to fix the problems. We will announce here once recovery is complete Thank you so much everyone's patience The system aims to eliminate fake users from the platform As well as prevent fraudulent motion data on the step in app and attempt to gain unfair profits This is why this is good news And this goes back to the main thesis the main Thumbnail and the title and everything else. This is when everything's made I know it sucks because the price is not continually going up But the only time that things actually get done And these product can actually get to work and actually build and make things better Is during the bear market when there's not so much noise So I know we'd love to see that you know the price go up But this is this is good. This is when I want things to break like step in or like whatever else Because if they can fix that now, how great is that going to be for the actual bull run? So I saw I saw this as a little bit negative, but in the long run I think it's actually good news and uh that little snippet there where they they talk about how to eliminate problems as far as people gaming the system I'm a big believer in that sweat coin I think I've been talking about way too much honestly because people are like, are you getting paid by them? No, I don't get paid by anybody So they just give me the tokens when I walk and of course if you sign up, it's an affiliate link So just you know, but the sweat coins aren't worth anything but the the the point of matter is is that I just saw a picture of somebody who put their phone on like a compression Uh, some kind of drill and it was just moving like this and they were getting steps in step in so I tweeted out to uh The actual sweat coin Official account and go hey Are you guys looking into this because to me if you can game the system that easily That's not going to be very sustainable. So again, this is the good time We're in the bear market fix it right now so we can enjoy the bull market later and that's it So look 20 minutes and uh, that takes care of the news and what's going on If you like today's video thumbs up and uh, subscribe all the good stuff now we'll go into