 We've got a lot of stuff to go over and today's a pretty good day. Actually, I know that I've been not the most positive person lately, but the market kind of dictates that, uh, that response on, it's all about how you really look at things. So I got to tell you, today's actually a pretty good day. So we're going to take a look at, uh, how the market is actually sideways and what some may consider just a little bit boring. And, uh, we'll take a look at, uh, the big thing of why most of you are here, you've seen the thumbnail and title, which is Celsius is making moves. And there's a lot of positives and a couple of negatives you have to look at. Can I try to give you both sides of the same story? Also, we'll take a look at some data, which indicates that recession is already here and we'll take a look at the Cardano ecosystem and the voting process, uh, from a new voting, uh, app. And then lastly, we'll talk about sweat coin winners for June. So before we get going, um, testing out a new, uh, Wi-Fi modem, just want to make sure that, uh, it's not too clunky and that everybody can hear me and we can go from there. And, uh, John Stuart, John Stuart, uh, so super boring weekend. Hey, Rob, good day, level headed. Uh, crap turns FTX. Good day. All right. So it's something everybody can hear me. I think we're good to go. Let's just jump into what's going on with, uh, the market. Very boring. And this is honestly when everything happens, when it's boring and no one wants to do anything because honestly, uh, everybody's just jumping out and this is when a lot of people make a lot of money. Unfortunately. So today I thought there would be a bigger dip. We talked with us yesterday as far as the weekend coming in and the different things that were happening with different exchanges and brokerages and, and people stopping withdrawals, Voyager being the new one, which was a big blow, I think for a lot of people. What I'm going to tell you at the end of this video, uh, what, uh, I talked to, I messaged Steve from Voyager, tell you what he said. But, uh, right now, this is what we got. And I thought, again, I thought it was going to be, uh, a big issue with, uh, looks like potentially institutions and VCs cashing out because there's only one market that's open 24, seven, 365. And I used to say four X, but actually four X is only open, uh, 24, five, 24 hours a day, five days a week. We're the only ones. So if you want liquidity, especially on the long weekend, because here in America, we're going to celebrate the 4th of July on Monday. That means we've got a three-day weekend. That means the markets aren't open, banks aren't open. We're going to get liquidity, probably the crypto sector. And, uh, I thought it'd be much worse and I'm glad today I am wrong. And it's at, uh, only down about a point for Bitcoin Ethereum. The market itself isn't even down a whole point. It's 899 billion. So holding strong in a weekend, I thought would be pretty awful. Also, if we take a look at some on-chain data, nothing's moved. In all honesty, Bitcoin minor outflows is pretty much the same. Bitcoin exchange reserves actually continues to drop, meaning that people aren't moving things to the exchange to sell off. That's very positive, in my opinion. Ethereum, people have, there's been a little bit of an uptick, but not massively. Looks like Ethereum might go down a little bit, but it hasn't really happened. Take your buy volume. People are still buying leverage ratio that's kind of flattened out. Even though I still think it's too high, but whatever the gamblers want to do is what the gamblers want to do. And then market value, realized value, we're still low at 0.86, meaning anything below 1.0 would indicate a strong buy signal. But I have kind of disputed that. We can go down to 0.7, 0.6 like we have in the past. So if you think this is the bottom, I don't really think it is. But regardless if it is or not, guess what I did today? I still bought Bitcoin. Where did I buy it? Well, it wasn't Voyager. I can tell you that I had to pick up sloppy Coinbase and buy that Bitcoin. Hopefully that one lasts for a little bit. And of course, as I buy, I take off the exchanges because just as the rules state below, these are the things I do. Now that you have to do them, but they've done pretty well for me. Don't invest more than you can lose. It's all gone. Everything's a scam until I prove otherwise. Don't leave squat on the exchanges. Don't use leverage, 2550X, 100X, maybe not a good play, and take profits along the way. So that's what we got. Let's move to the big story. Stop beating around the bush. Celsius making moves, positives and negatives. And I got to tell you, I want to say thanks again to Simon Dixon for coming on. This was two days ago. And if you guys watch that, which I think a lot of you had 50,000 views or so. It was great. Simon had recently lost his father. And I know he was a big influence in his life and it was very tough. But he even said, he goes, look, I've gotten so many messages and responses and people mental health wise, I had to do something. And it was a great show. We, it was almost two hours. I split it up into the recovery plan for Celsius that he talked about. And then the Q and A afterwards, which we had taken everybody's questioner as much as we possibly could. And I split them up into two videos. There's a link in the description. You can watch both of those. And what's great about that is that what we talked about in that video was that he said, look, I have three proposals. One is he talked about Mt. Gox and Bitfinex. He goes, we can go down the, the Treadfy way and you can get lawyers involved because I'm going to tell you right now. Over at Mt. Gox, they have the same thing and they're still eight years out and they haven't gotten squat back. He goes, or we can take a look at big investors, big whales that I know is because Simon Dixon has been around since 2010. He's been an investor in Coinbase and Kraken and Bitfinex and one of the first Bitcoin investors. He's also big friends with Max Kaiser and those, that's mafia. And, um, so after that video, there was a link where you could vote on the proposals and it looks like this is a response. I just got an hour ago and Simon says, look, we've got a multi-billion dollar syndicate of investors interested in our recovery plan. Let me say that again. We have a multi-billion dollar syndicate of investors interested in our recovery plans for at Celsius Network. Bank of the good team are working as fast. We can't prepare for the worst case scenario. So I said, look, if you want to vote again, or if you want to make your voices heard, here's where you go to. There's a link and I linked that. Actually, you can find that link in the video with Simon. When you click on that link, it talks about the different proposals that are available. As you scroll down, you can vote right here and submit again. I think this is huge for the community because it says we can bail ourselves out. We don't need you to try to stick it and then go from there. So that's one of the positive news that I have seen. And then I'm going to show you an article right now, which is going to sound not too positive, but it is. And if you're a business owner, you know exactly what I'm talking about. This just broke this morning. And it talks about a crypto lender Celsius to lay off a quarter of its employees. That's 150 people. So let me do some quick math, 600 people are employed by Celsius. A lot of people, honestly. If you lay off a quarter, what does that mean? Does that mean that, you know, bad times ahead and, and solvency? Well, it can, but if you're a business owner, you know, if you want to make your business work and flow and actually have that cash fund, sometimes you got to do the hard decisions and that's laying off people. And it didn't say laying off a hundred percent of its staff, a hundred percent of its staff, excuse me, it says 25% or 150 employees. What does that mean? That means they're going to have more liquidity to pay you the user who trusted Celsius, just like I trusted Celsius to, to pay back the debts owed. And I think I applaud this decision. I know it sucks for those 150 employees. I have been laid off many times in my illustrious career when I was actually employable, now I'm, I'm terminally unemployable because I just do things for myself and small business owners like that. But, uh, this I think is a step in the right direction. Also, we take a look here. Uh, this is from plan C. I like to get plan C on the show sometimes. Seems like he or she, I don't know, does a good reporting. Celsius has paid off a total of $67 million of debt today combined between Ave, compound and maker. That was actually July 1st. So again, I think if you're trying to go in solvents, bankruptcy, you'd be like, I'm not paying you back squat and, uh, deal with our bankruptcy lawyers and go from there. So I see this as positive news. Again, let me know what you think about this comment section. And then also you're not going to hear about this too many places, but this is an email from Peter L. Last name held because I don't like to give people's names out. So, hey, Rob, this was just this morning for what it's worth and some info for your audience, Celsius has moved funds from my earn account to custody account to cover my margin call. Not sure if that is the best move. I didn't contribute to a liquidation and they are still semi functioning. I gotta tell you, if you take out loans and they liquidate you, that is now a taxable event. And the reason why you took out those loans is because you don't want to pay those capital gains taxes. So in all honesty, it's not the ideal, not the greatest thing of all time, but things are moving behind the scenes. So that to me, my friends is what I would consider good. Now I have to show you the flip side and the flip side are things like this. I can show you Hopium all day long and we can get high on that supply. But if I don't show you a flip side, it does, you know, good to make the most informed decision you possibly can for your investment portfolio. So I'm going to show you a video right now. This is from brace yourself. CNBC television and you're going to hear the same type of talking points. The same type of news reports. I need you to be aware of what are being is being set out there and what is also going on, maybe not that may not be reported, not behind the scenes because we know about it, but things to be aware of. So listen to this. Let me stop my screen. Let me share my tab. Really wish StreamYard would update this ability. I want you to be able to hear this crisply and not hear me. Let me mute myself. Take a listen. Your money's in the bank. It's insured by the FDIC up to a limit in the crypto world. There's not always a guarantee. The crypto current company Celsius attracted billions in deposits from 1.6 million customers, but now they can't get their money. Here's CNBC's Kate Rooney. Crypto company Celsius made its name on being the modern alternative to a bank. We bailed them out. They give themselves record bonuses. Customers tell CNBC that CEO Alex Machinsky was a reason they put faith in the company. He was seen as more transparent than a Wall Street CEO with weekly YouTube talks, often wearing a T-shirt that reads, banks are not your friends. They say that image was shattered when they heard from Celsius that their accounts would be frozen on June 12th. Celsius blaming extreme market conditions. One customer we spoke to, George Watson, says he lost a year's worth of rent. Now we're all kind of left in the dark. We don't know what's going on. So yes, it's pretty, it's pretty nerve wracking. Alex Mendoza-Pignon, a single dad and female worker, says his investments were worth $100,000 at one point. It's money that was really hard earned. And and because we want to get to that point where we have a more financial stable life, you know, we're sometimes willing to take more risk, but it's not worth it. Millions of everyday investors trusted their digital currencies with Celsius. The appeal 18 percent back on your deposits, especially alluring at a time when the average savings account gives you 0.1 percent. The catch Celsius is not a bank. Behind the scenes, analysts say that money was lent out to hedge funds or put into other risky crypto investments. The structure began to crumble as prices collapsed. Legal experts say all of this will likely end in bankruptcy. Investors could end up getting pennies on the dollar from their original deposits, but even that won't happen overnight. That's something that would take a while. So Celsius may actually have a fair amount of runway. The only exit door would seem to be bankruptcy. Meanwhile, customers haven't heard an update from Celsius in over a week and say it's hard to hold on to optimism. I still have hopes a little bit, but the hopes they keep shrinking the more time that goes by. I really hope that we can get our funds back or at least some of the funds back because, um, yeah, it wouldn't, you know, it would be obviously a big hit to lose that money. Chef five state regulators we spoke to are now investigating Celsius. It's federal regulator declined to comment. We also reached out to the company, its CEO and law firm. No response across the board from Celsius. Yeah. So again, if I don't show you those things, you can't make a really informed decision, uh, for what you think is best for you. And again, if we go back, just as a review, the things that they're going to talk about on these news channels are the things that they know. Liquidation, lawyers, a lot of traditional finance getting involved. The things that we brought forth when we talked about, uh, with Simon Dixon for that recovery plan. Now Simon Dixon going, go and look, we've already got multi billion dollar syndicate of investors coming in or really interested. Keep voting. Let's hear your voices. What do you want to do? They're not going to cover that. I'm going to cover that. And then hopefully when you take a look at and go, well, what could potentially happen? I can't tell you what exactly will happen, but I can tell you, there's a lot more moving parts behind the scenes than what you're going to hear in the lamestream media. So let me let you think about that in the comments section. And then lastly, I will just say this, uh, this was from Jesus. You're Rob. Thanks for constantly warning us to get our coins off exchanges. Finally stopped putting it off and got my cold storage and got the majority of my coins off exchange with an exemption of phantom on Voyager. Something big is going to go down. Like you said, no exchange is safe. And I got to tell you, that's true. Now here's where I messed up. And I messed up because I didn't drill it into everybody's head as much as I was supposed to, that you need to take it off exchanges, take it off exchanges, take it off exchanges. And I will say it right now, lesson learned, uh, just like everything else in life, and I've, I've heard a ton of different people say the same thing, even about the last rule, which is take profits. Somebody just emailed me yesterday, Rob, I didn't listen to you when you said it once or twice or 10 times. But at some point I realized that I really need to take profits. And if it wasn't for you, I would have been in a huge crash. And it would, and it would not be good. I'm not telling you exactly what to do. I'm going to tell you these, the things that have worked for me, and you need to take a look at these things and maybe, uh, implement them or change them or whatever you want to do to do the best practices for what works for you, some people are like, I'm never going to take a profits. I won't take it because I'm 18 years old. I'm going to wait till I'm 40 something and then retire off this stuff in 20 years might do pretty good. But for me, this is what works. And my mistake was not drilling it and talking about the things that have worked for me enough, and that will stop right now. So you're going to hear this a lot. If you don't want to hear it, then don't tune in. All right. So that takes care of that. Let me tell you in the comment section, uh, sound off. I'm sure I'll get slaughtered, but it doesn't really matter. Let's talk about the recession. So we go from some pretty good news to some actually news that I don't think is, uh, really surprising. If you've listened to this channel at any time. Look, uh, economists will come out and they'll tell you, yeah, we'll be in a recession into 2023, maybe 2024. And I'm just like, am I taking crazy pills? Do, do, do these guys not go to the store and get milk? Do they not gas up and see the prices that are going on? Just insane. Anyhow, so we've already seen a drop in GDP last quarter. And of course two quarters of GDP loss indicates a recession. So here we have from Jack Farley. This is just in Atlanta. Fed is now estimating that quarter to real GDP growth will be negative 2%. That's not good. I previously was in the nowhere session until 2023 camp for the day of this past week has humbled me and I am now in attuned to possibility that were, you know, one already look, I made plenty of mistakes and I was really hoping I was wrong on this one. I was also hoping I was wrong on that Bitcoin ETF, but that got denied, just like I thought I would and, uh, you know, here we are. So what does that mean? Well, if we take a look at the last real GDP numbers and actually they were revised, I think this was at 1.5, not the same 1.6. It doesn't matter. It's low. That's all I need to know. So like in Q1 2022, January, February, March, we had negative growth. Last time that happened was during that coronavirus thing. Uh, I don't know if you remember that, but Q1, Q2, that's an official recession and then we bounce right back as money printing quantitative easing. So we've got one, I think, if you believe what's going to happen over here, we're going to have two. And what does that mean? You're going to hear two stories. You're going to hear one story where people say it's priced in, Rob, that's just how it is. And, uh, it's not going to really change the markets and we're going to keep going. Cool. That's great. I don't think that's true. I think, uh, once those numbers come out and people start hearing more about recession and recession and recession, and it gets beaten into people's heads. There's a recession and a recession. They're going to be like, I got to get the hell out of here. I guess I was selling things like crazy. I got to protect my family. I got to, you know, get that bunker in place and start, you know, just getting a bunch of MREs and all that. That's what I think is potentially happened. People panic. And that's why there's only so many millionaires and millionaires in the world. It's because people have this part, the fight or flight response in their head. And when they hear these again and again, again, they start to say, well, this is what it is. And I need to get out of here. And then when that happens, what happens? The market starts to slide. It may be priced in in some circles, but I don't think it is. And I think we're going to see a little bit of a decline moving forward again, might be wrong, hope I'm wrong. But that's just how we see it. There is good news, though. Again, both sides the same story. I give you the good news of Celsius, bad news of Celsius, give you the bad news about recession. Here's the good news. We've been talking about this for quite some time. And it's a reminder. I have to remind people because that's just what it takes reminders. How many people get reminders? Like if you're trying to get in shape, you just need like one reminder. Hey, get in shape. Okay, I'll get in shape. I'll work out for two years straight, get a six pack abs. Now we need cons reminders. So this is again, from the Fed, St. Louis Fed. And we can see here the dates of recessions. Nothing changes. Everything's the same. There's this great book that I'd like to point out to everybody. It's called this time is different. Never different ever. So when we come over here, recession, time frames, we're looking at this is in 1969, about two years, about a year and three quarters, about a year and a half, year and a half, two years, what I always get this wrong, a year, half a year, three quarters a year. This one was the longest one. Remember the housing market crash, 2007, 2000, late 2007. Yeah, 2009. So two and a half years. But remember the time frames of, let's just say two years, let's keep it simple. Look at this economic growth. There's a lot of growth. Then of course we're here and that's a lot of growth. It's a lot of growth. It's a lot of growth. A lot of growth. So we have to take those dips down to rock it back up. And amazing to me, again, I always say this is, you know, we have these two years recessions. And again, this time is different. It's never different for your cycles. What do you always see in two years? A different time frame. In two years, a dip in a reset, 2014, 2015, dip in a reset, 2019, 2019, dip in a reset, 22 and 23. We're in that right now. I see there's more downside coming up. But what always happens? Having all time high. So that's the positive. Um, I could be wrong. And of course, nothing is set in stone, but this is just the things that I see. Let me know what you think about that in the comments section. And let's talk about everybody. You either hate it or love it. Uh, Cardano, Cardano, Cardano, and their ecosystem. So I haven't covered Cardano in quite some time. I know people get ticked off of me. Why don't you cover Cardano? Like, well, in all honesty, I mean, they're just kind of behind the scenes, just building. You know, they're boring. And that's how it is. It's like the market. They said, well, you really should cover it more. And I go, you know what? You're right. And a group reached out to me. Uh, they're a comb calling from vote air. And what they do is they, they make it possible to do voting on the Corona blockchain, voting any kind of ballots, any kind of improvements that people would like to see. And, uh, it's, it's good to see because people talk about, well, this is a ghost chain and we'll get into that in a second, but, uh, I was going to have these guys on, but, uh, there's some, uh, scheduling conflicts. So just so you know, actually, you know what? I'm not going to show you this first. That doesn't make any sense. Let me stop this screen. Let me show you what's kind of exciting, I think. So I just want to take you through this whole thing and correct me where I'm wrong. I'm wrong all the time. That's my wife. But when we talk about ghost chains, things aren't really being built or doing anything. I, I, I get that argument, but I just see it. I'm like, what the hell? I'm just not that smart. So like with Cardano, we've got a lot of different exchanges it's on. Okay, great. That doesn't mean anything, Rob. It's just an exchange. Gotcha. So if you take a look at the ecosystem, this is the one I could find in 2020 and I couldn't even get a bit good picture, but it's very small, but there are some things that was being built on it. But, you know, that's lame. That's not that much. However, if we jump forward to 20 August 2021, here's all the different products being built on it. So I'm like, I don't get the whole, it's vaporware and no one's building on it. I mean, hell, I've even had Ken Oling from meld on the, on the show. I've had Mickey Watkins from mobile and world mobile. And it's a, it's really a great project. A lot of wallets, payment systems, NFT, I mean, NFT is huge. And then that's in August 2021 on, I'll take a look at November 2021. Again, it grows even more. And then here's the latest one I could find. I couldn't even fit the damn thing in there. It's February 2022. So I'm just like, I just, I just don't get it. So then, and then on top of this, I here's the products being built on Cardona. If you break them all down, wallets, SPO, NFTs, NFT collection, developers, incubator, launchpad, metaverse, NFTs, NFT collection is huge, actually, 40%. I'm not a big believer in NFTs. I mean, artwork, right? I'm not an art guy, so whatever. But I see things, you know, working, but there is one thing that you do have to be aware of. Again, both sides, the same story. If you take a look at DeFi Lama, total value locked up, and you can break it all down. Link in the description. It's free, and you can just check it out yourself. This is how much is locked up for all these different chains and DeFi projects, 72 billion. And if we go for all, that's why it's all. But if I look at, make sure I'm on the right screen. Yeah, okay. But if I look at Ethereum, it's 45 billion. So like over half is locked up on Ethereum. And that's, that's how it is. Everybody builds on Ethereum. I mean, in the old, in the old days, I think there's some people who are looking at our Cardano and Avalanche, or Solana, Polkadot, just saying. Binance Smart Chain has almost 6 billion. Then you got, then it goes to Tron, Tron, 4.7 billion. Congratulations, Tron holders. I'm not laughing. I mean, man, if it makes your money, it makes sense. Good for you. Avalanche 2.6, Solana 2.4, Polygon 1.5, Kronos, and down the run. But you don't see, you don't see Cardano here, do you? Actually, if you go to look at others, I will just say this. If I click on Bitcoin, that's got a total value locked up of 118 million. Again, this is DeFi projects. Lightning, Thor chain, boring. And then if I even break it down even further to what we want to see, Cardano, it's only 116 million. So yeah, okay, DeFi is not big on there now. Not a lot of locked up. But hey, we're in good company. Same thing with, same thing with Bitcoin. So that is what's going on over there. And these guys, which I'll have them on the show, it's just another progression of things that are going on in Cardano, right? Voting platform and states here, NF, let me, you can't even see this, sorry, NFT project owners can create a vote for token holders. Stake pool operators can create a vote for their delegators. I need to do that. And ADA holders can create a vote for any other ADA holder to have their say, this is the votes questions answered. There's three different types, simple vote, a ballot can, that anyone can create. Moreita voter has the greater weight and then delegated vote, create a ballot using a stake pool ID results be weighted based on the voters. This type of vote is for stake pool operators. I need to get into this because I am a stake pool operator. And I need to do that ASAP. So I'll have these guys on when our, you know, when everything agrees with our, with our schedules, but it looks like a promising, promising project. So anyhow, that's what's going on in the Cardano world. So hopefully people can say, Rob, you just are about Cardano. You're right. I also have to do a lot of things like talk about Cadena and do some other deep dies and so on and so forth. Let me know anything about that in the comment section. Love to hear it. And then lastly, oh, and also if you guys want to check this out yourself for this project, there's a link in the description. It's, uh, is it test net dot vote air, like vote air for, of course, the, uh, the roadmap for a Cardano. Okay. And lastly, some good stuff, sweat coin winners for June. So I told everybody, I was like, Hey, compete against me in sweat coins and we'll go from there. Also, now it doesn't matter. Where are we? Oh yeah. Ah, where'd it go? And bring this up profile. Sorry about that. Usually everything up and ready to go Sundays, man, right? Sundays. So I said here, there's a free app. It's called sweat coin. I'm a talk about all time. People are always hounding me, but well, how much they pay you to talk about Rob? Nothing actually going to be paying them a lot of money to get into their project, but it's not the crypto product comes up later. The app is free. It will always be free. You're going to get sweat tokens, which are like, uh, like a rewards program. And I said, Hey, just follow me, follow me on this app and see if you can beat me. Then the next question always is, well, what are they tracking? Are they, are they tracking and selling my data? No, they're not doing that. I had a deep dive. I should release it this weekend, but I'm going to wait until next weekend. I had the CEO on, I looked at the light paper, looked in terms of conditions, they don't sell your data. They do track it because I mean, that's the whole point of getting the steps, obviously anyhow, God, I hate, I have to go through all these things every single time, but that's just how it goes. Uh, I want to thank, uh, cryptic autistic who beat the pants off of me and everybody else. Uh, Chi-Shing sang and potentially Michael Patterson, but there were some other people that I was not following. Like Daphne 17 said that he had four and 6,000 steps. And then also, uh, Peter Shatman said he had a 505,000 and I said, Hey, you, if you beat me in the month, three things, you can come to the show live, do a portfolio review of 50 sweat coins and everybody wants 50 sweat coins. So cool. I'll just pay off 50 sweat coins. Now I'm going to implement one new thing, which is this. You will never be cryptic autistic. I don't know what that guy or gal does. Maybe, I don't know, maybe their job is food delivery on foot. I have no idea. But it's a two and out system now. So cryptic autistic, congratulations. You are first member. We're going to retire and, uh, then we go from there. So the July, um, competition starts, well, started a couple of days ago. So there's a link in the description for sweat coin downloaded, free. All the sweat coins that you actually accumulate. There'll be a token generation events on September 12th. They will air drop you those tokens. That will also be free. We can go from there. So that's it. That's what's going on. Let's get insulin and that takes care of the news part. So if you're here on a Sunday, thanks so much. I appreciate it. Uh, like today's video, like and subscribe. All that stuff they talk about.