 Great, well measure the last set news. My name is Rob and today we got a lot of things to go over but fortunately It's a lot of good stuff. So the first thing we're talking about is what I call the good news Voyager and Celsius looks like voyager gonna be bought up by FTX and Celsius Alex machinzi is gonna step down I gotta tell you I think those are two great news stories We're gonna cover them in depth. Also, we'll talk about some more good news Rob Robin Hood the app itself as they're going to start to offer free swaps And the first one to be offered is going to be polygon and then of course with the balance everything out with we're gonna talk about good news Let's talk about the macro and some bad news IRS crackdown macro events Nord Stream pipeline sabotage Goldman Sachs layoffs and Congress surprise remains correct. And then lastly, I just want to go over WW3D and Q&A now I'll talk about those in a second. So first things first, let's Before we get to the to the good news, which I think is great I'm very happy about this today. There's just one thing I wanted to say I've been absent for the last three days or so But the last video we put out was it was all about the title was why and when I'm selling 80% of all my crypto and it's pretty well received about 75,000 views very nice Very positive. I was very happy about that and we just went over the things that I talk about of when I will be selling When we went into detail about the PyCycle top and VRV scores and UPL and like that, which will be in the future And of course Most 95% of people got that they understand that I'm not selling tomorrow or today because that would be kind of kind of silly As we're in this bear market, but it never a stop It never surprises me the amount of thumbnail investors that are out there They see a title or they see a thumbnail and they're like, oh, this guy's selling what a what a noob And I just I got to tell you I'm Thankful for the people that come into the live stream because usually when you're in the live stream You're pretty interactive with me and we're talking about a lot of things You're not a tourist you kind of get what's going on and I appreciate you guys tremendously So thank you for just showing up, but like these are the ones I got and Like Dylan says you're gonna lose out on the biggest bull on ever and it's too late to sell now But he should have sold nine months ago should have done this year last year and then of course Stefan says it right. Thanks for bringing it down to earth approach. Thanks for telling the real story. Yes So it's always amazing to me like just how many thumbnail investors out there I gotta tell you there's a lot of downside to just look at a thumbnail and it's how we're going You know what? That's my investment strategy. Anyhow just want to go over that real quick. Here is the good news folks FTX pays 1.4 billion to get avoiders crypto and customers And I'm sure everybody has covered this today in the YouTube land, but it's it's important That we talk about it. I feel because I think it's big news I think it's big news and it's a step in the right direction because who knows this could have corrupt or just totally collapsed on us and I mean, we could have lost everything because we're in chapter 11 chapter 11 How far away are we from chapter 7 total liquidation? Just a just a stone throws away, but I always said if anybody's gonna come out of it It's gonna be Voyager Celsius. They're gonna come out of it, but it's not looking pretty and we'll get in that a second Here's what happened and Before I start there's always been this talk about the last two days about how FTX paid 50 million I kept I kept seeing 50 million 50 million. I was like, what the heck how can you pay 50 million dollars? When there the total cash was 104 million the total crypto loan Excluding 3C was 470 million total crypto held with 685 million So you had like 1.2 billion and and I kept seeing 50 million dollars. Well now it all makes sense Here's what's really going on Sam Bakeman Fritz FTX US The US version is effectively bailing out Voyager digital exchange investors 1.31 billion of crypto holdings were stuck in bankruptcy Proceedings and of course this document that I showed you this was about over a month and a half ago And so it says subject to change over time because remember the assets the total crypto held in a dollar value amount Of course that went down. They went into chapter 11 on July 5th So of course July 5th to September whatever the day is the day 20 whatever Of course, it's gonna go down. So it's a little bit easier to do those things and fill those holes as it were so The US Union FTX will pay Voyager 1.42 billion dollars and 8% premium to the market value the assets and then turn the crypto Over to investors through new accounts at FTX US that will offer them incentives to remain and that's a big thing Incentives to remain the question that I have is first of all, I get you know If you want to buy a bunch of crypto, you know at at a fair market value price, right? Go ahead and do that Sure, you can do it over the counter. You do whatever you want to okay But the whole question I was like was saying why even do that through Voyager? Why don't you just let that dissolve and then just let everything go away and go? Hey, if you got one exchange, it's right here FTX and FTX US But Sam did a good move Total great PR and my question to you is would you trust him now? Would you trust? What you had in Voyager as it comes over here to say, you know what this guy bailed out Voyager And I don't know if he's gonna make make it whole that that's a that's a topic for another other video But it's moving in the right direction. Would you trust him to continue to use that exchange? Give me all my stuff. I'm gonna go to cracker barrel or whatever exchange you use so That is what's going on and they state we will establish a direct relationship with the customer a spokesman from FTX The money will effectively go to the customers as opposed to the company management again this incentives to remain The incentives to remain the big question for me is For the VG x token that people hold or have held Will they roll it over into the FTX crypto? Will they keep it the same? Well, it is have you cash out or will there be a like some kind of loyalty program time will tell But I mean that it's definitely a step where I want to see things going Voyager claim 3.5 million customers before the company Foverbank's you know, that's a lot of people And I got to tell you I love that app that app was so easy to use So simple could set up, you know limit orders could DCA I mean just it was the smoothest interface I've seen so far and I mean even FTX I have to use it now. It's not that it's not as not near as great as voyages was I'm just saying However, I do have a lot more money now FTX is us bid which is significantly better for customers and its original bid was chosen because it maximizes the value returned to you Us in the shortest time voyager said the purchase agreement between FTX us and voyager will be presented to the US bankruptcy court Let's understand New York on October 19th. So we still got a ways to go two or three weeks or so Uh, but from what I see it'll be subject to a creditor vote according to voyager's announcement It will go through. So the big question I have is this again Sam Bacon stepped in and I'm not saying that he's the great savior of all time Remember he's still getting a great deal Would you stick around with FTX would you use them or would you just say swipe? I'm out of here and off I go because I mean it's looking like Sam Bacon is going to be the Jeff Bezos of crypto as he just buys up everything that that just collapses around him And speaking of such things Here's some other good news Alex Moshinsky resigned I will just say this Have did you see Steve Erlich from voyager popping into twitter spaces or Talking anywhere on twitter or doing anything. No, we kept his mouth shut Behind the scenes and let things unfold Like a CEO is supposed to do when you go on chapter 11 You should not be out there talking and incriminating yourself just asinine So here was Alex Moshinsky doing all these things. I was involved in the last twitter spaces It was it was me him and simon dixon and they were going back and forth I was there to learn about the different things that different community members had had talked about I'll give that in a second But i'm telling you this is a good move This is a good move for him It's a good move for us because let's be honest that company was going down If he stuck around there's not a snowball chance in hell when it came back Celsius CEO resigns. It's not a big story. I mean it's not it's long. I'll just make it very simple He's done Moshinsky's resignation is effective immediately. There's no beating around the bush But he said in a release that he will continue to help the company provide creditors with the best outcome I have no idea how he's going to do that It's not like the management style was that fantastic I regret that my continued role as CEO has become an increasing distraction I'm very sorry about the difficult financial circumstances members of our community are facing Which doesn't do anybody good as if all their money is still stuck in Celsius Since the pause I have worked tirelessly to help the company and its advisors put forward a viable plan For the company to return coins or creditors in the fairest most efficient way I mean, I know he's working behind the scenes on all about that ATHLEAN announcement was made the company's crypto the sell token Dropped more than seven percent of value corny coin markup and we can take a look here Uh, there was a drop But that last twitter space is where it was me and simon dixon and there was a little bit of I guess there was a little problem with communication between me and simon and azad his assistant Because I was asked to go in there. It was the Celsius shorts Short squeeze people and they were talking about this great plan They were the ones that originally had talked about using the uh, celsius bitcoin mining operation and then give me equity into that I thought that was a good idea. So I agreed to sit there and listen I asked simon dixon to come on simon dixon came on all of a sudden here comes a alex meshinsky from nowhere At a left field in chapter 11 the ceo starts spouting off his mouth and in this in this twitter space I couldn't believe it and uh Yes It was it was insane. That's that's what it comes down to and and and I will just say this about these celsius short squeezers because in june 22nd correct me in the comment section 21st 22nd is when No, no, no, excuse me. That was june 12th when the withdrawals stopped for Celsius so that's all the way back here Someone around here price was 81 cents or something like that 60. So jeez wasn't even that good 37 cents. Okay So there was this big hubbub about how well this was just caused by these whales and there was some fud And we're gonna squeeze them We're gonna do a short squeeze and it looks like they did it looks like the short squeeze community did all that And they squeezed them and they keep talking about hold on and hold on and hold that celsius token Because we're gonna squeeze them again and da da da. Here's my question the biggest the biggest individual That owns most of the celsius tokens or at least a very very large portion of it is alex machinsky So as you push up the price for this and there's been different documentation of him selling these tokens Who are you helping for this celsius short squeeze? I don't understand if you already did the short squeeze back here Do you just want to keep doing it again and again? I mean, are you really short squeezing these these whales? I just don't get it and correct me in the comments. I just don't find it Viable option right now. Get rid of celsius Let that coin collapse move forward With whatever the plan is and and also there is the celsius Creditors committee. There is a youtube special coming up. Let me get this It is Tomorrow at 10 a.m I will tweet this out as soon as I get more information and they're gonna answer a bunch of questions Which is what is the exclusive? What is the exclusivity? Has there been any plans put forward and what is the proper steps? So let everybody know I don't care about People when they tell me oh, well, this is going on. Let's go on. Let me talk to the committee And we'll go from there. That'll be tomorrow. Anyhow, let me know what you think about that in the comment section Now let's go into a little more good news Whoops, that's not good news Robinhood so just real quick Robinhood they just sent out a tweet this morning Talks about a wallet worth the weight The beta testing is now live for 10k customers from the waitlist with polygon as the first blockchain support as you can see in this video What they're going to be allowing to do is all different types of crypto uniswap rap Bitcoin rap deether rapmatic compound polygon la la la and you're going to be able to Buy and look sell And you can swap with no network fees no fees So I thought that's pretty good It's great that they show us polygon because I own polygon and I'm super biased about when I talk about But I'm glad this is moving a step in the right direction for Robinhood, but just because it's Robinhood And there's no fees Everybody don't get too excited. There's a great video This was from the problem with john stewart linked in the description It's the john stewart special about Robinhood and citadel and companies and stock exchanges and dark order books and things like that and how things are manipulated And uh, I would just have you watch it because uh, it was a very eye-opening experience Let me know what you think about all that in the comment section and before we move on to the bad news So we've had a lot of good news today, right good stuff great stuff Voyager got out of the auction Celsius auctionist accept down We got Robinhood coming forward who knows what else that I missed. It's good stuff So what does that mean for the price? The price of crypto and how things are doing That went down. So 966 billion market cap bitcoin is down ethereum is down tethering usd coin is up because people are going into tethering usd I'm not a big fan of tether but whatever and here we are and what is how does the traditional market doing? Well, it's also down. I know there was talk about decoupling today because there was a little bit of a pump because of the good news but Maybe not however with nasdaq there it is up a little bit. So I guess it is a little Uncorrelated but not in the way we'd like to see So it doesn't matter some days about how great the the news is It's when we're in a bear market. It's like everybody ignores The good news and just focuses on a negative and then when we're in a bull market Everybody seems to ignore the warning signs and just think it's going to go to the moon So just most lessons just to be aware of so that would lead me to the bad stuff I'm going to go over this very quickly because I don't want to punch you in the mouth too hard about what's going on just a little gentle gentle knock which is okay nexo so the dfpi Joins other state security regulators to bring actions against nexo This is what's going on in nutshell the california department of financial protection dfpi announced today It has joined seven state security regulators to bring actions against the nexo group. This was on september 26 In connection with it with its interest product accounts, which is the same thing that voyager did same thing that selce has had Not saying did but had these these earn accounts Why is it? unregulated securities the dfpi commissioner Clothild who let nailed it States these crypto interest accounts are securities and are subject to investor protection in the law including adequate disclosures of the risk involved Collectively these actions protect investors while ensuring that california remains an ideal setting for responsible financial innovation And this is where I didn't know this is this high nexo offered annual interest rates about the 36 percent. Is that true? That seems kind of ridiculous on investors deposited crypto assets, which are significantly higher Than rates for short-term investment grade fixed income securities or banks when you go. Well, yeah, that's exactly true So just so you know that'll be another legal battle coming forth. That's not good also If you're in the us irs is stepping up efforts to target us taxpayers who failed to report and pay tax on crypto transactions No, you cannot get away with I dropped it. I was in a boating accident My ledger just just flipped up doesn't work like that You can only claim $3,000 of losses anyhow, so just be aware Actually might get this thing called a john doe summons And it's it's actually it's starting small the agency that The fbi the irs Will issue a so-called john doe summons requiring my safra bank to turn over crypto transactions data for s-fox a digital Currency prime broker that used the bank with more than 175 000 users and over 12 billion in transaction It's not the first irs summons, but it's unusual because the broker seems to be quite small Signaling the possibility of more to come which is a pretty smart move. You start small It's like in business you do a soft open for a business Just see how things are going tweak things and then really go go heavy. That's kind of what the irs is probably gonna do it's it's not the Oh, yeah, and this is from andrew gordon tax attorney cpa and president gordon law He states it's not the first irs summons for crypto records, but it's unusual because the broker seems to be quite small Signaling more possibly more to come And he does state that the irs is indicated. This is a very high priority for them You better believe it but on the flip side it is kind of good. No good news I'm gonna tell you why it's because people sometimes they say talk about hey, you know, crypto might just go to zero No, it's not just too much money sloshing around the government does not want you sitting on your money in a bank account Well, they can't tax it. They want you to spend it. They want you to do an investments because you know what's great for that capital gains tax, especially if you're in new york in california not so much texas, but the federal taxes For capital gains 20 short term and up to 43 percent On short term Capital gains long term is 20 percent. So of course they want you to spend so they can tax That's just how it goes and here is the the article if you wanted to go through it. It's quite boring Trust me. I have read it and then also don't forget that even though we have good news and things are going great in the crypto markets and people are actually starting to build The prices don't really add up because the fed hasn't pivoted We've got different problems with the irs trying to crack down the fpi and also the macro events such as Nord Stream pipeline Germany suspects sabotage hit russia's Nord Stream pipelines who sabotage it. I'm not going to speculate I'm just going to bridge the news Denmark steps up security. I've done president damages to links European gas prices rising much as 12 percent on tuesday and what it's looking like is this Nord Stream pipeline Is going to be shut down. We're just going to be a big gigantic disaster for uh as far as gas prices And exportation of gas To germany and other places and it's going to drive up the the prices of of gas and electricity even higher So that is a macro event that is happening all over europe And I think it's only going to get worse and then we're also going to take a look at Layoffs Goldman Sachs begins layoffs starting mid-level bankers report not as many as you would think and i'm not even going to read it Because it just really goes it just is what it says in a nutshell That they're laying off bankers mid-level bankers It's not that many usually they do one or two percent per year for individuals who are low performers They stop that after the coronavirus because there was just such a big boom in uh, in product not in productivity, but in uh Quantitative easing as everybody's printing money and now it's back at that same level one to two percent So it's just one of those things where I think unemployment is going to start to raise up That could be actually good news for the fed. Maybe they can Pivot and then lastly don't forget. Whoa Not a good picture Congress is still corrupt and I'd been talking about this about how in the united states members of congress senate house of representatives You know, they can sit on uh economic committees They can get insider information and then they can trade on on their stocks And we just talked about this about Various members Nancy Pelosi being the most famous how they are using this information and They are profiting greatly Over all the insider information they have and all there is is like $200 slap on the risk if they get caught nobody ever gets caught so they put out this new bill and This was like a month ago and I said this won't pass and guess what it's not Lawmakers judges and other government officials covered by the ban will have to choose between Divesting their investment for failure portfolios are putting their assets in a qualified blind trust That's if it went through the house leadership doesn't currently have the votes to pass the bill Give the number of rank and file democrats who are actively opposed Because why would you give up that gravy train? So there's a question of whether the bill can even come to the floor That's not great news, but that's just the reality folks. I'm sorry Your members of congress are super super corrupt and they're trying to screw you over and of course Make massive gains at your expense. Sorry. That's just how it is Well, that was negative rub. You had a point. So let's bring it back What would wallet three do? ww3d If you're not familiar with wallet three if you go to bid info charts dot com And you look at the uh as it's called the bitcoin rich list wall number three Has been around for years and years and years They just transfer over to another wallet, but you can find it links in the description And what I find notable about this is how wallet number three They accumulate and tell about the right time and they're like, you know, what this this is a great time to sell And the last time they sold was on september 12th And you know what the price was Almost I mean for the range was pretty good. It was one of the highest 22,334 So pretty much at the I can't say the top of that the channel but The top for quite some time in this crappy bear market And they sold a thousand bitcoin and now what are they doing just accumulating They sold a thousand bitcoin here. It's never 16th. They bought 1200 It's never 19th 81. It's timber 19th again a 45 And 351 241 So when I have a bad day and I see there's some good news But I'm like, yeah, it's so much bad stuff around here. What would wallet three do w w 3d You know what they do dollar cost average take profits along the way. We're just kind of like my rules below me Don't invest more. You can afford to lose everything's a scam until proven otherwise Don't leave anything on exchanges. Take it off. Put on your ledger Don't use leverage. It's a recipe for disaster and take profits and that's it So look that went a little bit long Uh for the news, but uh, I hadn't been here for three days. I want to talk to everybody So I got excited, but that's it for today. So look If you got to take off get out of here. You've been here for 23 minutes I appreciate your time If you want to stick around we'll do a little q and a I'll answer all your burning questions the best of my abilities And we'll go from there if not take off Thanks for stopping by hit the like and subscribe on the way out all that good stuff And I'll see you on the next one now Let's get to The q and a