 There is a motion to dismiss the case against Coinbase, which is brought about by the SEC. And the real question is, does this play into a part of the Bitcoin ETF started by BlackRock as they chose Coinbase as their custodian? So this really all came about. There was a show that we'd like to do called NFA Live. And it's me, Ben, and Guy from Coin Bureau. And we're just talking about some things. You can see Guy has upgraded his green screen. He's now matching me. That's fine. Ben there is laughing at all the altcoin investors. I'm just kidding. But what we talked about when Guy asked the question, he said, because I am not a believer that the Bitcoin ETF is going to actually go through from BlackRock. And I'd spent this point many times. And Guy asked me the question, he goes, why? Why do you think that is? Because you can't just say, God, I don't think it is. There's a gut feeling. But I really broke it down. I said, there's something to be said about BlackRock coming in and choosing Coinbase as their custodian, which they are in direct talks and an active lawsuit against the SEC. I just found it very odd. And I just kind of said, if they wanted to make waves, that would be one of those ways to make waves and not really have a smooth ride to an approval of a Bitcoin ETF. But maybe that's in the past. So there was a report that came out. Paul Grunewel, he is the legal counsel for Coinbase, and he put out a tweet and said, we asked them to dismiss the case itself. And here's what's going on. So they seek dismissal of the case itself, claiming extraordinary abuse of processes. So Coinbase's legal team stated in the filing that even if the SEC were correct, that the assets and services it identifies are within the scope of its existing regulatory authority, this legal action must be dismissed on independent grounds that it violates Coinbase's due process rights and constitutes an extraordinary abuse of process. Basically saying that you cannot regulate, you cannot go in there and just decide and pick winners and say, this is not a security. Basically, you are not enforcing the law, you are writing law. And I thought it was interesting because it's like the timing of what's going on right now. And if this goes through, because the judge is going to have to confer with different sides and ask them different questions and go through it, if maybe the SEC doesn't put up much of a filing, goes, this may be true or this may be, or they're just not as aggressive, maybe this case does get dismissed. Now, I am not an attorney. I do not dabble in the legal ramifications. I have lawyers for that. But when I take a look at this, I'm just saying, man, it's just an odd timing right now for this ETF. And if they do get dismissed, I think there's a higher probability that then that Bitcoin ETF will go through, because now Coinbase is not in a legal tussle with the SEC. And that lead me to my next thought, which was, we were talking about this on the show about ETFs and how things were doing. And I made a comment, I said, in all honesty, if you look at the ETFs historically, it hasn't been a great ride, especially for futures ETFs. And this is moving forward from all the way from October 2021 to the present. And as far as we can see is like the different futures ETF here in the States, you can just see that they've been hitting the tops and just kind of crashing everything. And whether that be the futures ETF or some other type of ancillary factor or a black swan event, whatever it also is, but it is uncanny that just the actual futures ETFs, you can see here, this was pro shares Bitcoin futures ETF or Bitto, the price, they started this at $64,000. That was essentially the top right there. And then Van Eck Bitcoin Futures, that was on the 10th of November, $65,000. They're the one Valkyrie Bitcoin Futures on 26 October. Basically, what they were doing is, I mean, they got in at that time, who knows, they were shorting or whatever else, but that's what the futures contract can do as far as ETFs. They can short those things. Then the next one, as far as futures, you had pro shares where it was a short Bitcoin ETF and that started at $20,700, did pretty good there because it went down to $15,000. So congratulations to you. And the latest one is the volatility shares futures double X leverage Bitcoin ETF. I don't know how the heck that got approved, but here we are. There's Gary protecting everybody by allowing leverage. So fantastic. We'll see how that one plays out, but never forget the most famous Bitcoin futures ETF was on 17th of December, 2017. And the top of the last cycle, which was 15th of December, 2017, was 19,665. And two days later, the CBOE Bitcoin Futures launched, and it pretty much crashed everything for a couple of years because they were there to, as they quote, unquote say, to tame Bitcoin. However, I had to take a look at the Bitcoin spot ETFs. Now, those aren't in America, but for the data that we have, mostly we're in Canada. And you can just see that in all honesty, it did pretty well. So the ones that I can take a look at was 18 of February, 2021. Canada had two purpose Bitcoin spot and a Volvo ETF on 19th of February, 2021, when the price was 51,000. And of course, we topped out around 67, 68,000. So pretty good one there. And then we had one on 8th of March, 2021, that was Galaxy Digital, they got it at 52,000. So pretty good. Three IQ Bitcoin spot, 15th of March, 55,000. And then then we have one over here, 30th of June, 2022, the Canada, this is the Fidelity Bitcoin Spot ETF at 19,006 away, looking pretty good at 30,000. So in all honesty, if we take a look at between futures and spot futures was awful, but spot not too bad. And yeah, let me just think about that in the comment section. Hopefully I am wrong. We do get that approved. But there was another thing that another question that came up on NFA live and I want to correct my statements. So the question was, you know, what do we think about Ethereum developers? They want to raise the maximum value limit from 32 to 2048. The way I read this one was I thought that it was the minimum, they were raising the minimum 32 to 2048. And I got to tell you, if you are here to stake Ethereum or whatnot, I think this is a pretty good idea. Because if you can have, if you can have a range of a minimum of 32 ETH to become a validator, great, or you can maximize that out to 2048, I think this is a great play. And then it will kind of free up a lot of resources and make things a little bit easier. The only thing I can see as this not being the greatest thing is that if you are one of those, if you're a validator and then you're staking and it's 2000 ETH for that one, you have a slashing incident where they slash the different awards, that could be a big thing. But for me, I will retract my comment. I think this is actually a good thing if they can, you know, do this. Now, then you don't have validators of 32, 32, 32 all over the place. And the big guys can come in and kind of like secure the network with their 2048 or a small business can do something or recent individual could stake 32 ETH. So that to me looks pretty good. And that's what we talked about. And then lastly, before we move on to some some negative news, Guy asked the question about FedNow on NFA Live. And of course, I will link this in the description. But the FedNow service, if you don't know, it's not a CBDC, but it is $25 per month. And I talk about why I would do it. I know it sounds kind of odd coming from a person who dabbles in crypto and gets into it. But I explained why because of fees and things like that for different transactions as far as immersion in my online businesses. $25 a month is peanuts, quite honestly. But there was a part I didn't get to talk about. And why I wanted to share this with everybody is because I know how we think that these these huge corporations and entities and banks are able to do pretty magically everything. And they can really make things either easy or difficult for us and that they're like the all knowing things. And they have so many resources and they can just crush us. Not so. Because when I was taking a look at this FedNow service, in America, we have PayPal and Zell and Cash App and a couple others that we can do peer-to-peer transactions with cash ins almost instantaneous. And the one that I looked up, I was talking about was Zell. And Zell is interesting because of this article right here. Zell, if you don't know, it doesn't actually make any money. It was actually a consortium of banks. And it was actually first branded as Clear Exchange. This is in 2011. It was owned by Bank of America, Wells Fargo and JP Morgan. It was slow, took up to five days of transfer, only a few banks were participating, blah, blah, blah. In 2016, they sold it off. I mean, these big banks, these big entities that have done a ton of things and have all these resources, and they couldn't get it right. They sold it off to early warning services, which is owned by a bunch of banks. And after that, they pretty much made Zell what it is. I think they have over thousands of different banks that are connected. Again, it works out pretty well because the different banks get the funds through the different transactions. They don't really make any money per se. It is able to connect the banks. So when we think about these, the JP Morgan can do so many things, they couldn't even get this right. I will just say innovation is better for the small industries, the small startups, the small businesses, because you don't have layers and layers and layers of people that you have to report to. You actually get stuff done. So the interesting thing about that in the comment section, that was just an interesting story. If you start to think about, oh, these banks can do everything, they can't, they kind of suck at stuff. And then lastly, I will just say this, this is from a friend of the show, Dan Camrodello from crypto. I would say it's crypto recruiter, but that's just his handle. You got a great YouTube show. You should check it out. It's doing really good coverage on what's going on with Cardano and the ecosystem, which is right now crushing it. And what this is, if you can believe it, is it looks like FTX is relaunching. I can't believe it either. And I just thought it was amazing how our market operates and how we do these things. And let's see what happens. But what's amazing to me is whenever I remember this is that just because the price goes up, doesn't mean it's a great product. It doesn't mean it's going to make it. It's just that there's some gamblers out there. Look at this. Over the last 14 days, the price of FTX, which is the token for FTX, went from 87 cents all over the two dollars. Two dollars. So I don't know what's going on with our market, but apparently that's the people that's in it. And if you're here to make money, I can't fault you. It just seems ridiculous. But that's it for today. So look, if you like today's video, give it a thumbs up. Consider subscribing. I don't care who you subscribe to, just get your information from somebody that you trust. And I should like to listen to it. But that's it. I do appreciate you stopping by and I'll see you guys on the next one.