[Music] Higher, baby. Bitcoin enjoys a massive week
with a new all-time high and continuing bullish sentiment. Guess who’s back? But BTC
is overshadowed by ETH, which appears to have finally left home. Is this the breakout we’ve been
waiting for? All about alts. Not to be outdone, a number of altcoins have also been going bananas.
We look at some of the hottest and examine what’s sending them interstellar and a rundown of last
week’s top performers, tweets of the week, dates for your diary, heroes and villains, and much
more besides. This is the Coin Bureau News Live. Hello and welcome everyone. Welcome back to the
Coin Bureau live news show. Nick, it is good to be back here with you in the studio again.
Welcome back. Just in time for altcoin season, man. Just in time. Joe of things to come. I could
not have timed it better. Um, yes. This is great, isn’t it? What a week it’s been. What a week, man.
One for the record books. It seems like that’s happening regularly now this July. So, it’s going
it’s going popping off. It’s finally starting to get exciting. Finally. Yeah. Wondering if it was
ever going to come. Honestly, I was wondering this is going to be a quiet summer, you know, just
chill. Yeah, I was kind of expecting that. I was kind of expecting it to go a bit quiet over the
summer. I’m delighted that that is not the case. Um but yes, good to see you everyone. Thank you
for joining us. We are going to talk about Bitcoin today. We’re then going to uh we’re then going
to go on a victory lap um on behalf of Ethereum. Talk about all the stuff that’s happening there.
Obviously, you’ll have seen that ETH’s price has been uh quite delicious. And we’re also going to
be looking at some altcoins as well that have been that have been outperforming and just generally
digesting what has been going on the past week and what we might be able to look forward to this
week as well. Um before we get into it though, I should remind you to do all the usual stuff like
hit that bell as well and uh and you can subscribe as well. Why not? Why not? You won’t regret
it. Um, and then Nick, if we get to 1500 likes, shall we should we talk about um some portfolio
adjustments that we’ve made? I think so. Give them some of that alpha, some of their portfolio,
especially going into this altcoin season. What sort of portfolio tweaks have we done over the
past month or so that we will of course share with them if they hit that 1,500 like number,
that golden number? So, absolutely. Check it out, guys. Absolutely. I’ve got a win to tell you
folks about which I would really really appreciate the opportunity to talk about and it’s not even
something else. There’s that as well. Um but yes, well let’s get into it, Nick. Um you’re going
to take us through what happened last week with Bitcoin. Bitcoin. Yep. So of course
one for the record books alltime highs, crypto bills and more. But let’s roll back to
Monday. We broke through alltime highs of course early Monday morning 123k. That’s how we all
felt guy. Look at that. Just just breathe it in, man. It’s got it’s melodic. Um so that happened on
Monday morning and um then on Monday afternoon if you recall back to the previous stream I mentioned
that on that runup over the weekend we did open up some CME gaps especially where there was
one from two weeks ago and there was one over the weekend as well and then come Tuesday we of
course did close one of the the first CME gaps which shows how how you know accurate these have
been closed especially over the past few months which comes to the point there’s one down below
there but we’ll get to that in a bit. Okay. So, that happened on Monday, but then of course
there were more concerns on Tuesday. Uh remember that big OG whale 80,000 Bitcoin. Yeah. Sent
80,000 sent us a Galaxy Digital. Okay. Yeah. There was a lot of speculation around who might
be behind that. What might be exactly? Yeah. But um that then of course on Tuesday after that we
had CPI numbers and not much to do about nothing. Pretty much in line with expectations. So not
much is going on there. Wednesday roll back after Bitcoin did close that gap. We then managed
to go back again above $119,000 back and claimed that lump that level. There was still there was
lots of stalemate um in the uh on in Congress around the crypto bills specifically the Genius
and Clarity Act and interestingly it was the one of the longest house votes in record in recent
history. Wow, that’s crazy. Okay. So, there was a lot of presumably a lot of horse trading going on.
What was in, what was out, etc. Exactly. Some of the Republicans and the Freedom Caucus wanted the
CBDC component put in and you know, so it was back and forth. Um, then after that, a bit a few more
attacks came out from Trump to Powell. Apparently, he had penned already penned a letter that he
wanted to send to Powell. Um, uh, how do you think the letter? Dear Jerome, it’s not me, it’s
you. It’s you. and you’re an idiot for not cutting interest rates by three points, you know. So
that continued on Wednesday, a lot of FUD around that and then he came out and he subsequently said
that it was just a rumor, but you know, it’s crazy stuff. You you you do get the impression that that
Powell is kind of on borrowed time now. I mean, obviously his tenure has less years to go anyway,
but you sort of feel like Trump really has it in for him. I mean, yeah, poor guy, man. Even now
the the Fed building, he’s going after him for the renovations on the Fed building. and you’ve
got the so many people going after Pal, but it is what it is. He’s still there and he’s speaking
tomorrow by the way. Okay. Um, Bitcoin rallied of course on Thursday. Um, but it was of the alcoin
rally that was of most importance. It was ungodly and we’ll get to that in a bit. Those three
crypto bills passed on Thursday. All crescendo, one big crescendo all in one. So, the Clarity Act,
the Genius Act, and the AntiCBDC Act. Yeah. The AntiCBDC Act was close, wasn’t it? There were only
nine votes in that. Everything else got through got through easily. Easily. Yeah, I mean who is
who is for it? The Democrats probably I assume. Yeah, obviously there are still some fans of
CBDC’s anti- freedom. Anyways, um Bitcoin topped 120k on th on Thursday evening and this is because
of news that Trump was going to o potentially open the US retirement market to crypto investments. So
people who have their investments in 401ks, IAS, etc. could just ape into crypto. So yes, and
there was quite a lot of uh there was quite a lot of talk about this on Twitter and elsewhere,
wasn’t there, which we might have a look at later. It’s a $4 trillion mark. I mean a $4 trillion in
terms of assets. Now they can just go and ape it into whatever boomer coin they want. Yeah. Um
Friday big day. Trump signed the Genius Act. There we go. Officially signs. Got his Sharpie
out. Abnormally large pen. Yeah. There’s a lot of people at the a lot of crypto advocates at the
White House signing as well. Uh it was of And then just over the week there was a very solid week in
terms of inflows, ETF inflows. So pumping pumping triple figures every day. Every day. Yeah, man.
Um and it’s been the second week in a row now with just strong strong inflows. Uh weekend was
relatively quiet for Bitcoin which is interesting. Although uh we did get some unsettling news from
your country yesterday, Guy. Yes. Yes. So this is I mean this is almost exactly a year since Germany
cheetated all of its Bitcoin into the market and has never lived it down. I think $3 billion of
potential lost, you know. Exactly. So, um, so there’s a lot there is quite a lot of talk in the
UK media about this. Actually, a lot of people, not just on the left, but on the right as well,
seem to be in favor of cheating it. There’s a lot still a lot of, um, misunderstanding there about
Bitcoin from from the media, which I guess is no real surprise. But, uh, there is an enormous black
hole that the UK is looking at right now. So, they may, uh, they may feel like they’ve got
no choice. But I guess I I guess again this is one of those things like it’ll probably cause a
market the market to dip if it happens but it will probably recover quite quickly. There’s enough
buying pressure for it and then you know they’ll be sidelineed forever. Right. So will take it off
their hands. Exactly. nation state to company that is um speaking of which today of course sailor
bought again seven about $739 million worth 6,000 BTC just buying the top as he’s always said he
will continue buying the top forever as long as strategy has money though he will buy it’s crazy
just goes on and on good old sailor um and now you promised us more talk about a CME gap Nick yes
well before that quickly one new piece of news today also right now we have news that Trump um
just uh bought two billion. Trump Media announced two billion. What an amazing photoshop there,
guys. He’s he’s he’s looking good for for a 79y old. Oh, man. So, he’s bought um and in terms of
what’s to come, I mentioned the CME gap. So, well, as I noted in the previously, there is still a
CME gap at 114K. So, if Bitcoin does retrace, hope that could potentially be a level to target.
There’s also um a lot of liquidity there if you look at the uh if we look at the liquidity charts
in terms of the uh a lot of um orders out there potentially around the 114K level. Whether we’ll
target that right now depends on what into how things open up in the US as well. Okay. One thing
to keep an eye on this week though is definitely Bitcoin dominance because look at that chart.
That’s the it’s it’s now had the biggest weekly fall in over four years. Wow. And it’s if it
breaks through that uh long-term trend line over there on the weekly uh that is a big harbinger
big sign of altcoin season to come. Oh that’s what we want to see. We just want to see it man just
fall further fall through the floor guys. Yeah. Uh but if you guys of course want daily updates
on on the markets as well as the playbyplay and trade by trade, we will refer you to the coin
bureau trading channel when they’ve had a banger last week in terms of not just good calls but good
videos, good lives. It’s Dan the man, Eron Dishner and also Gabby Trades who there is who’s there
two times a week as well. So if you guys are not subscribed, we are 92 93K now. 91.2 91.2. So, we
need to get this to we got Bitcoin to above 100K. Let’s get Coin Bureau trading above 100K. So, hit
that QR code. If it breaks that 100K resistance again, the sky’s is the limit. Exactly. So, um
get that plaque on the wall. Yeah. Okay. So, um let’s have a look at what the sentiment is in
the comments. Um generally, as you can imagine, uh pretty good. A lot of people talking about
Aptos for some reason. Um looking good here. Looking good. Don’t get sidelined. Don’t get
sidelined, guys. Sideline. Um, uh, someone asking, “Yes, why did Trump have guy’s body?” Oh, yeah.
Okay. Yeah. Yeah. Well, it must have been, yeah, superimposed by our team. Um, where’s the team
taking photos of your body like that guy? Well, you did some photo shoots. It’s for the It’s for
the only fans. Um, yeah. Only fans thumbnails. Yeah. Guy. Um, but yes, generally uh, everyone
very good. Uh, very high morale in the comments, including Lord Smith, who is predicting Penu to
$10. Wow. That my word. My word. We’d lose all the coin bureau production team. Why are they in
Penu? I think I think a few of them are in Pangu. Yeah. Jeez. Okay. That we have to we’ll have
to Did you fill out your insider trading forms, guys? Did you fill out your disclosures? I
think we’ll just have to FUD Penu as hard as we can in order to uh in order to not lose our
production team. Um but yes, Pangu, one of of many altcoins that has had an absolutely stellar
week and continuing to pump again. Um okay. Uh, how are we doing on the like count as well? 400.
400. Way to go, guys. Way to go. Working on it. Working on it. Okay. Okay. Speaking of coins
that I’ve been performing, this has been one massive redemption arc for the most hated crypto
asset over just a month ago. ETH has finally come. He’s gone home and now it’s, you know, and now
that home potentially could be a mansion. So, wait, who’s the guys in the back? Thank God.
I thought that was almost mean for a second. I was like because you don’t hold any ETH.
Remember, you cheated all as long as you put lipstick on me, bro. I’m not Oh, man. Yeah. So,
uh, yes, ETH holders, of whom I’m proud to call myself one, have had a have had a rough year.
It’s been rough, man. There we go. Yeah. Lock can change in a month, man. Um yeah, Ethereum probably
you this is arguably the most hated rally and uh yeah, a lot of people have been writing Pangu
off. Look at that chart. Can you can you imagine? Just take a look at this chart, guys. Like an
asset like the size of ETH in terms of market cap and then thinking about everyone out there
trying to find like in the meme coin trenches. They were going every single day in and day out
watching Trump’s tweets. What am I going to buy? And literally, you could have bought ETH a month
ago and you would have had like a what was itund 140% return. Yeah, it’s just mental. Well, good.
Good on the and and the Bitcoin ETH chart itself as well. I mean, the probably the most harrowing
chart in all of crypto. Yeah. There we go, man. It would that it was basically looked like
it was going one way only. Yeah. And there we go. It caught a bid. It caught a bid. So, yeah,
basically ETH ETH recovering very very well. Um there’s there’s quite a long way to go yet.
Obviously, we want to break that 4K barrier. Um, because there we’re still quite a way off the
all-time high of 4,900 or so. So, there is still a way to go. Um, but it definitely feels
like ETH season is upon us. Um, and this bodess well for the wider altcoin market. I think you can
argue as well or historically at least because the flows would go from BTC to ETH and then into alts
and like at least the second part of that process is now underway it would seem. Y um but there’s
a few reasons as to why ETH has been performing well. And I think the first we need to talk about
is is a factor that’s been rocket fuel for Bitcoin recently as well and now seems to be picking
up for ETH and might arguably actually become a thing for a lot of other altcoins as well
and that is corporate treasury accumulation. Um Michael Sailor and Strategy have long been the
flag bearsers for this but ETH uh Ethereum now has corporate treasury companies of its own. Um there
are at least 10 of them. Um and together they’ve accumulated um around 733,000 ETH. That’s around
$2 and a half billion dollars year to date. And that’s based on research from Coinbase. Exactly.
Yeah. And one of the first of these has been Sharp Link Gaming. Uh it’s become the largest corporate
ETH holder. This is of course backed by Mr. Luben there of consensus, potentially the uh sailor of
Ethereum. Um, it’s accumulated 280,000 ETH worth about $840 million. And get and get this guys, it
surpassed the Ethereum Foundation in terms of ETH holdings. Well, I mean, the Ethereum Foundation is
is kind of well known for selling. So, they are. And speaking of which, they actually did an OTC
deal, I think, with Sharp Link last week. Really? Yeah. No, really, really? Or one of the treasury
companies. I think it was Sharp Link, but one of the treasury companies. Okay. Um, well, I mean,
that just I guess that just feels fitting, doesn’t it? It’s like well if the Ethereum Foundation is
going to continue selling I suppose you might as well sell to Ethereum Foundation can use the funds
to basically develop Ethereum grants and stuff and then sharp link can just keep on accumulating and
they are going to continue accumulating because as long as you have a positive MNAV so multiple of
net asset value the share price itself they will want to continue issuing shares and continue
accumulating and a good benchmark you can use to see whether this price insensitive buyer
because that’s what they are they’re going to buy irrespective of what the price is It’s
crazy. As long as the ratio which is espec in terms of price continues going up, it means
that the price of sharp link is outperforming Ethereum. You can use that as a proxy to show
it’s just going to continue that accumulation. Yeah. Okay. So, I mean uh Sharink arguably the
strategy of ETH and as you said, Joe Lubin who one of Ethereum’s co-founders as well but obviously
Yeah. Cons went on to found Consensus um could be the Michael Sailor of Ethan. I mean, that’s that’s
what you need to be a successful cryptocurrency these days, your own cultlike high priest. Um,
meanwhile, another company uh that’s also leaning heavily into ETH accumulation is Bitmine. Now,
this is uh this is run by Tom Lee um who has been very vocal in the past, very vocal supporter of
Bitcoin. Yes. Um but now is moving into uh into Ethereum bull territory as well. Bit mine now
holds over 300,000 ETH. Um that’s including options as well. Um, and their strategy apparently
is to uh is to hoover up 5% of ETH’s supply. Hey, man. At least they got a goal there, right? And um
there was also revealed last week that Peter Teal, none other than Mr. Peter Teal of PayPal
Mafia. Um he he has a 9.1% stake in Bit in the Bitine company, which is crazy. So that
obviously led the price itself to pump as well, the price of Bitmine. Okay. Peter Teal. Yes. uh
very uh big sort of very big crypto supporter, very wealthy, very influential and very very
weird. Very weird. Yeah, he is. There’s there’s some great interview footage of him recently.
He was on Joe Rogan a while back and there was some great footage of him just sort of not being
able to speak. And then wasn’t there another one recently where someone asked him if he was the
Antichrist? They asked him antichrist and he took at least 5 minutes to answer the question which
I think the most appropriate answer would be uh no I’m not I don’t think to be you have to caveat
that you the antichrist is like no bat. Yeah it’s like if you have to think about it then there’s a
good chance that you are in fact the antichrist. I guess you should this you’d imagine this is the
sort of thing you’d know about as long as the antichrist the antichrist probably is but as long
as as long as he’s good for our bags in the short term. Um, there was another one today that just
announced another treasury company. This is and get this the name. I think this is a pretty cool
name, man. The Ether machine. Nice. That’s sick, man. Yeah. Good branding. Yeah. So, they’re
accumulating they their goal is to accumulate I think it’s one 400,000 ETH for their treasury
as well. Just crazy. Another Yeah. Okay. So, um, so we’ve got uh we’ve got big treasury
accumulation for ETH tick. We’ve also got big ETF inflows for ETH as well. finally
turned around, man. Yeah. Had a massive day, one of the days last week, 16th of July. And in
just in general, it’s been inflows in total. 3.7 jump. And then that’s the cumulative over the
past few weeks as well. Yeah. Um and imagine what now when they bring in staking components
as well because obviously people are interested to potentially get a return on their ETH beyond
just sitting like Bitcoin, right? Yeah. I think Black Rockck has has applied for for a staking ETF
and yeah, that that I think could really change uh change the game for Ethereum ETFs and and ETH
itself and I guess maybe some of the rally that we’re seeing is in anticipation of that is is
being priced in as we speak. Um okay, so we’ve got corporate treasury accumulation driving east
price. We’ve got ETF inflows also driving it. We’ve also got the fact that there’s been positive
regulations like you mentioned earlier and it will benefit ETH more than most because obviously it’s
DeFi related around yields around stable coins. A lot of stable coins are issued on ETH. And also
interestingly, and this is an important point here, guys, because the Clarity the Genius Act
for, you know, precludes anyone to get interest off of their stable coins or pay interest on the
stable coins that the banks issue and everything. That’s going to still mean that people are going
to want to get native yield in other ways. And the only way you could do that is onchain. And right
now, D5 explosion, D5 is happening on Ethereum uh with all these D5 protocols. So that’s why
another reason why the ETH ecosystem itself is bullish. Yeah. And I guess as well that probably
helps explain why ETH has outperformed BTC because obviously BTC has had regulatory clarity for a
long time. You know, it’s been a commodity for for a long time now. And um ETH is finally getting
that clarity too. Yep. Exactly. Quick few other things around what’s going on ETH futures position
is also very bullish. The futures market last week the volume on ETH futures was higher than that of
bitcoins which is crazy. And a large component of this and you guys will have seen this chart
on Twitter. A lot of people are sharing this chart of massive ETH shorts on the CME. It’s quite
deceptive because that’s basically just one leg of a basis trade. People going long this the ETH ETFs
and short the futures to get the basis which has been positive and strong for them. 14% annualized
return on a basis trades. Pretty bloody good. Yeah. In terms of where we’re going to go on ETH
price, well options markets, the most popular call over the past week has been buying the 400,000
$4,000 ETH call. Uh, so that’s one potential target, which is not too far off from now. No,
Tom Lee predicts $30,000 per ETH. Wow. And I mean, that’s ambitious. I mean, this I don’t know what
cycle he’s saying. He’s going to kind of be like, I said in 10 years time and be like, “Yeah, know
I said 30,000. Didn’t give you the time frame.” Yeah. Um, but uh no um good grief. A $30,000 ETH
that would um Yeah. colorful t-shirts would would run out in in no time. And the soy all the soy
around the world will be bought. Watch soy prices continues to buy and [ __ ] That’s the beta play
and croc shoes. Yeah, the beta play. Try and get the beta play, you know. Um, so also one in terms
of price quickly two quick charts. One of them is this is the Maya multiple. Now this basically just
measures the difference between the price of the the spot price and the 200 day moving average.
It’s at its highest level since in over a year, which basically shows that there’s lot lots of
strong momentum on ETH. Like, duh. Obviously, look at that price. And um just keep an
eye on this potential golden cross here, guys. This is the golden cross of the 100 day
moving average crossing over the 200 day moving average. It could take place in the next few days.
And that’s generally golden crosses are generally considered bullish in case you guys didn’t
know. Okay. So, all in all, after a tough, well, I was going to say a tough year, but it’s been
longer than that. Eth has been suffering. But, yeah, finally we’re getting a reversal in that.
Finally, sentiment is picking up. Um, and yeah, it’s great to it’s great to see positive
vibes. Good. Love it. Yeah, I love it, man. It’s all good for crypto. Okay, let’s take a
look then at who is on the wall of fame and shame. is the boss. [Music] Okay. What? Oh, no. No, bro. No. Oh my. No. What the hell
is that, bro? Oh, that is that is Why did you do that, man? I thought we agreed the guy’s going
to be the female, man. Like, why did you do that? You guys did me dirty, man. What the hell? Oh
my god. Well, it’s uh it’s certainly up to I wonder what they were I wonder what they were
sniggering about behind the desk now. We know. If you haven’t uh if you haven’t clawed your
eyes out um looking at that um then uh then and are still watching then that’s going to give me
nightmares. Bro, let’s um Yes. I think it’s going to give everyone my word. Yeah. I can’t look at
it. Would you be ashamed to be seen in public with me? Would you be ashamed to be seen in public with
me, guy? Uh certainly if you were wearing that dress. Yeah. Yeah. Um, okay. So, on the wall of
fame, please take it off the screen. On the wall of fame, we have Yes. ETH holders, including this
guy down in the bottom right. Um, yeah. Uh, like I said, whose arms are those guy? Those are my arms.
Yeah, I know. I know you wish those were your arms, bro. I know. I know you wish you were those
arms. Maybe maybe slightly um slightly uh out of focus there, but um yeah. Um yeah, I think uh
anyone anyone who’s held ETH for as long as I have and many others um should feel should feel pretty
pretty good about themselves. Yeah, exactly. You guys have earned it. Well done. You know. Yeah.
Okay. Meanwhile, over on the wall of fame, uh shame I should say. Um so what’s going on here,
man? Okay, so uh so around the pumpf fun launch, obviously there was a lot of talk about that.
Um and uh a man, an Australian man apparently, read into that what you will, uh decided um that
he was going to uh break some sort of record by getting pump. Fun tattooed on himself 700 times.
The only worse idea than that would have been to participate in the ICO itself because the it’s not
done too well. Well, I wonder if people thinking about maybe um buying pump saw that headline and
just thought, do you know what cretins like this are involved with it? I I want nothing to do
with it. Look, he’s made his his arm looks like a crocodile. Exactly. Right. It’s all over, man.
That’s going to be duh. Wow. I don’t know. This I think this guy’s probably just a harmless idiot.
Let’s just hope for his future sake that pump lives for a few years and it doesn’t go like rug
or something because then he’s going to have like Yeah. Um, but speaking of where I mean at the pump
fund, you know, speaking of pump fund, now that we mentioned it, you know that they’re not too far
off the ICO price, which is crazy cuz you know, you guys could have like imagine how many people
were falling over themselves to get into the pump ICO. Uh, like and it was sold out in the first
5 minutes. Literally, you could have just taken that money, gone to XRP, bought XRP, and been up
20%. As opposed to what or like 30%, whereas now it’s like your pump fund is like less than 10%.
So, it even fell below the ICO price um over the weekend. So, okay. Well, I mean, yeah, we talked
about this on on the stream last week, didn’t we? Whether we were going to participate in the pump
ICO, and I we both we both, I think, midcurved it. Um, but turns out I think that was probably
the right thing to do. Yeah. Okay. Well, uh, Nick, you mentioned XRP there. It’s time we talked
about some altcoins that have been, uh, that have been crushing it. Exactly. Some of the old cycle
as well. So, let’s start off first with ADA or Cardano. Now, Cardano’s ecosystem has shown strong
growth amid regulatory optimism of course around Genius, etc. It pumped 16% following the House
vote and the volume spiked at over three billion dollars daily. Okay. Yeah. Okay. Um, meanwhile,
uh, in in terms of sort of Cardano native stuff, there’s 3,000 independent state pools now, um,
and no single entity controlling more than 10% of ADA’s supply. So, I think definitely of of the
major cryptocurrencies, Cardano has one of the strongest calls on decentralization. 100%. Yeah.
Um, and also, I mean, you may remember last year the Chang hard fork introduced fully decentralized
governance. Um, so, uh, ADA holders are able to get even more involved than they were previously.
Exactly. And you can imagine that’s pretty involved in Yeah. intimately involved. Um, whale
wallets accumulated at 120 million ADA tokens in recent weeks. So suggesting there could be some
potential institutional positioning. Interesting. And then there’s of course a major upgrade
coming in the next few uh Hydra scaling solution of course to help scalability and then midnight
which is a privacy side chain are progressing on schedule. Okay. So privacy obviously our big thing
I think for for all cryptocurrencies really. So, okay. Well, I mean, there’s stuff happening with
Cardano. I get the feeling that this is this is a classic case of a coin with a really really strong
community. Yeah. Um, and also very high visibility given that it’s been around for a long time and
exchange listings. Never never discount that, right? The same reason a lot of these other last
cycle coins have rallied so much is because it’s easily accessible and because people who’ve
been reactivated were past cycle adherence to crypto. They held ADA. They know ADA. They
didn’t have time to go and like research all the other multiple L1. They’re like, “Okay, I’ll
bid Cardano. I know Cardano.” Yeah. Yeah. I think got real staying power there. Okay. Meanwhile,
Soul now Salana hasn’t um has hogged a lot of the spotlight um in recent months and is finally
conceding some of that spotlight to Ethereum. It is. Yes. Um as a soul holder, um I’m, you know,
pretty pretty zen about this given I’m also an ETH holder, too. Um but nonetheless uh even though
Salana hasn’t been quite performing as well as as as Ethereum and others, its weekly chart is
looking pretty good, right? It weekly chart is looking good. So that’s ETH versus Soul which
we’ll get to. The weekly chart is up. Solar has been performing well, but compared to ETH like
it’s just it you know I mean ETH is up by what uh something like 20 or something percent
whereas Salana has underperforming that. So yeah, Salana was 14%, ETH 26%. So ETH took the
show last week but there’s a lot of other things happening on Salana. Now, one of them
is, of course, Salana’s been growing TVL in real world assets or RWAs. It’s now third in
terms of total issu issued on its chain after ZK sync and Ethereum. Still only 4% of the total RWA
market, but it’s it’s growing. Yeah, I mean RWAS, I think, is is the sector that so many people are
bullish on as well and soul seems to be Salana, I should say, seems to be positioning itself to
capture a big chunk of that market. Um, there’s it’s also got tokenized stock trading. This is US
Salana seems to have the competitive competitive advantage especi especially with X stocks issued
by backed finance. Look at this amount of volume of onchain stock trading um is on Salana and we’ve
done a video on this well as well which we can link to below once the once the stream is done. Um
but yeah that’s exciting another narrative. Yeah, and you’ve got to think as well, I mean
this is tokenized stocks, I think still very controversial, but this is something that
is really starting to take off and I think first mover advantage or at least early mover advantage
in this sphere is going to be massive. So that is that is a positive positive metric to watch. Um
meanwhile uh no self-respecting altcoin should be without uh its ETF these days or at least its
ETF applications. Salana the Salana ETF launched fairly recently. It’s a staked st a Rex Osprey
one and I think we talked we did a video on this as well. They’re actually interesting in terms of
how the mechanics of it is slightly different and also the filing and the way they got listed is
different from a standard S1 registration. So I won’t bore you with the details but that’s
also very interesting. And of course although uh no nowhere near on the same level as Ethereum
we’ve also seen Salana corporate treasury vehicles bidding a lot of soul. So this is Soul Strategies
for example um that’s also being accumulated in Soul. Gosh, there’s so there’s so many extra
things you need to have as an altcoin project now, don’t you? You need you need an ETF. You need at
least one company dedicated to uh offering up your coin. The game has changed, folks. A priest, a
high priest, a high priest is going to shell it every single time wherever he goes. You need that,
man. Absolutely. Absolutely. Well, it looks it’s looking pretty good for Salana from here. Um
meanwhile, XRP has been has been Yeah, pumping 20%. It’s pumped 20%. It set I think some said it
set record highs, but I don’t know. I saw on coin market cap about the record high previously in the
previous cycle was $3.8, but whatever. Either way, it was amazing rally for XRP. Many people are now
calling that $10 price target, which sounds crazy, but you given the market cap size of XRP, but in a
bull market and with like the XRP army and Ripple, um there’s other stuff as well coming. Uh there’s
the Ripple R RLUSD stable coin which it climbed to $500 million in total circulation and it’s been
custodied by X BNY Melon. Okay. Um there’s also uh there’s also fees um of fee upgrades on the
XRPL as well. Um meanwhile uh talking of ETFs, the XRP ETF uh it hasn’t been approved yet, but
crucially it hasn’t been rejected either. So there was a delay on this one, but the SEC has clarified
that that was a procedural Yeah. move. Exactly. Um so although we don’t have a spot uh XRP ETF just
yet, it is looking likely uh that it will more and more likely that it will be approved at some
point. Exactly. And this would allow the likes of pensions, RA, RAAS, hedge funds, etc. to buy in
size. Uh there’s a few other catalyst. I broke these down over the weekend on a tweet in a tweet.
So um we mentioned obviously the ex the ETF but there’s also the potential IPO of Ripple. There’s
the banking license. They applied for a banking license which could integrate RLUSD uh if Ripple
gets a banking license. And then as mentioned the XRPL itself is going through upgrades. And
crucially the XRPL EVM side chain which will make it Ethereum aligned and and DAPs and project and
protocols can deploy on XRP’s side chain as well. And finally there’s actually coming back to the
news we mentioned uh earlier. It’s that 401k IR axis which means that boomers and Uber drivers can
ape their retirements into XRP. What do you mean, Nick? Uber drivers have already aped their ape
everything into XRP. All their fiat savings into XRP, if they have any. I saw a headline uh earlier
on there about potential $10 XRP. Has anyone considered what would happen to the transport
networks of major cities if that happened? Have to start with all you drivers retiring. We’d have
to start working or get a car, you know. Yeah, that could that could seriously slow the economy
down. It can’t be allowed to happen. The gig workers have taken over. Yeah. Um, one more
thing in terms of price, guys. I mentioned a golden cross for ETH. Actually, here’s another
golden cross for XRP with a 50-day and one and 200 day moving average that it’s probably going
to cross today. So, that’s another bullish thing to look out for. Um, but if you guys are looking
you’re bullish on altcoins, right? either ADA, Soul or XRP or any altcoins in in general. And
you’re going to want to buy it on an exchange, but then you’re going to want to store it in a
secure place. And we couldn’t think of a better place to do that than on a Ledger hardware wallet.
Uh now, first of all, you can get if you scan that QR code over there or follow the link in the
description, you can buy a Ledger Flex or a Ledger Stacks, their latest devices, and get $10
of free Bitcoin uh that you can load up as a gift card after purchase. So, go and check that out.
Okay. And uh Ledger also has a special offer on uh its nano devices. Um you can save 30% on uh a nano
device with one of these lovely colors. Oh, nice. Which which one would you buy? Which color would
you buy? What suits your personality best? Seeing as you’ve already uh seeen as you’ve already laid
claim to the pink one, Nick, I I think I would probably go for gold given my given my very bling
lifestyle, my my flashy um flashy demeanor. Yeah. Um, yeah. And yeah, the color of my teeth. I would
go for gold. Yeah. Yeah. There we go. Suits us, guys. Okay. Um, can we get an update, please, on
the light count? How we 750. So, we’re basically halfway there, guys. A little over halfway. So,
uh, keep keep obliterating those light. Go on, guys. Keep on. And, uh, and we will talk about,
uh, we will talk about some of the portfolio changes that we’ve been, uh, been making. Um, but,
uh, should we have a look at the top gainers from last week? Let’s do it. This is an interesting
one. Yeah. So, the first one is Conflux CFX. Now, it’s the o this is really interesting because it’s
the only regulatory compliant blockchain in China and it has pumped on the announcement of Conflux
3.0 upgrade next month and the announcement that it’s involved in a pilot program of an offshore
yuan pegged stable coin. Okay. Very interesting. Okay. So, a network upgrade and stable coin
integration. That is that is certainly promising. Um meanwhile uh we next have TZOS XTZ or XTZ.
It’s alive. It it is alive. It is alive. It started pumping on the night in a coma for like 3
years and then just it’s it has been pretty flat. That is its heartbeat, mate. That you could that’s
basically its heartbeat. Well, someone’s just got the defibrillator out. Um it has uh it has pumped
a lot. It seemed to start pumping on the 19th, I think. So, a lot of that you um must be related
to the Genius Act. There is um there’s Arthur Breitman at uh at the White House. You know what’s
really interesting, guy? You know that the TZOs, it was a big ICO. I actually participated in the
ICO back in 2017. I think I’m only up like 2x. I think I sold whatever. But the point of the matter
is they raised hundreds of millions. And in terms of altcoin treasuries, in terms of what they’ve
got in their Swiss foundation, I think they still have like 200 or something million in Bitcoin or
more now, maybe more now, but they have a massive treasury. Okay. So, if they still they’re still
working, they’re still grinding, they have money to deploy, you know, it’s interesting. It’s very
interesting. Yeah, there definitely seems to be a lot going on there from what I was seeing looking
at their Twitter earlier. So, uh yeah, don’t write it off. Okay, next up we have Athena. Um now, this
is an interesting one, too. Obviously, this is uh the um we shouldn’t we mustn’t say stable coin,
we must say synthetic dollar. Synthetic dollar. Um or tokenized cash and carry trade if you want to
be very specific. If you want to be very precise. Yes. Um, so Athena, yeah, has been has been sort
of quietly building out this product. I must say I not only do I hold some ENA, um, but I’m also
using the platform, too. Um, and it’s it’s very good. I’m I’m a big fan of it. Staking in ENA
and and USDA. Yeah. Nice. Yeah. Um, so uh that is that is something worth looking at. Not financial
advice. Um, but USDE is now the third largest not stable coin. Um, it flipped die tokenized dollar.
Uh, it flipped die. Yeah. Um, the USD supplies is is hitting all-time highs and I think a recent
upbit listing for ENA as well probably hasn’t hurt. That obviously was the main the main thing.
Let’s be real. Yeah. The Korean DJs will not will ape anything really. Yeah. So there that that was
listed on that bit I think with um a KRW pair and a USDT pair. So yeah, you can imagine a lot of
that volume is coming from from South Korea. Um but nevertheless Athena a really a really good
project. I’ll be on this. Sorry to in terms of Korean listings, a fun fact for you. So I think
last week or something they listed a project called Hyper, right? Which is another some like
L1 or L2 or something unrelated to Hyper Liquid. Mhm. And they aped Hyper because they thought it
was Hyper. Wow. And you saw this Hyper Pump in pretty quite quite an anomaly. The Korean DJNS.
But yeah, it’s it’s such a fascinating market that though one of our researchers is based
in South Korea and gives us uh gives us some great insights into how that market works. It is
bananas and they’re going the the new government there is really leaning into crypto into crypto.
Yep. Yeah. Uh okay, what’s up next? Lido DAO LDO um of excitement around Ethereum, right? So it’s
possible a potentially an ETH beta play and there was also a recent announcement of a BitGo deal.
A bit a big BitGo deal. Yeah. And of course if um the uh the spot ETH ETFs are given permission to
stake, then you imagine a lot of that will be done could be done via LA liquid state. Correct. Yeah.
Okay. And uh last on the list of top gainers from last week is Faky Flocky or whatever you named
after Elon Elon Musk’s dog. I I couldn’t see any particularly obvious catalyst for this. There does
seem to be a lot going on there if you believe it’s Twitter, but um yeah, I I guess you got to
have some meme coin. You got some meme coin. It’s a dog memecoin maybe. Yeah. Yeah. Okay, let’s now
have a look at some of the tweets of the week. Okay, first up we have this one from uh us from
us. Yes, from Coin Bureau. Um uh I like those guys. I like the cut of their jib. Um but yes,
we uh we couldn’t resist um putting this this meme out. So what’s the context behind this one
again? So as far as I understand it, uh this well in terms of the actual story behind this. Yeah.
Okay. So that guy over there Mhm. is uh the CEO of a company called Astronomer, which is a fintech
company, an AI company. And he was at the Coldplay Conference. Um the Coldplay concert and uh he
was and they were on the Jumbotron and they were panning through everyone, right? And then they
get to these two and uh the whoever the the singer says, “Oh, look at these two.” And the moment
they notice they’re on the jumbotron, uh, she goes down in embarrassment and he goes and he goes
down. He bends down like hides himself away and he said something to the effect of either they having
an affair or they’re very shy. Obviously, it was the former and this has evolved into one massive
memeable and then there’s a controversy and he’s been he’s been uh suspended and she she was the
chief people officer. So, it’s kind of like who’s who do we need to speak to about this problem?
Our CEO is out there with an infidelity with his wife. Who do we speak to about this? Well, you
speak to the chief people officer head of HR. She was there. Ah, slightly slightly awkward.
I saw an interesting comment. It was like, um, this is terribly embarrassing and shocking for
his wife to discover that he’s a Coldplay fan. Ouch. Ouch. Harsh but true. Harsh but true.
Okay. Yeah. Um, imagine that. That uh that So, but yes. Um, Bitcoin Maxi and altcoins. That’s
true, man. Bitcoin maxis are probably I’m sure they Oh, yeah. behind closed scenes. Dirty
dirty guys. Yeah. Filthy. All right, let’s move on from this sorted uh sorted business. Um uh
this next one is um so this is some of the replies uh to the news that um yeah uh 401ks are going to
be able to incorporate crypto. Trump said to open up retirement market to crypto investments. A
fartcoin pension fund will be the peak of the crypto cycle. Tell your grandmas to fullport Fcoin
in their 401k. The boomers buy our Bitcoin and we buy their homes. Full circle. Good time to Okay,
beep. Old people. And then the CGR, the Aposto guy. Aptus looking good. Of course. Of course.
What an amazing crypto. Crypto. They’re just all they care about is themselves. Know the fact that
grandma’s going to now have the opportunity to buy the future of financial the future of finance. Buy
my bags, grandma. Buy my fartcoin, grandma. Uh, brilliant. What a world to live in. Uh, next
one we have this. Now, this is uh this is Paulo Arduino, the CEO of uh Tether at the White House.
Um and I mean, this is just a this is just a crazy story, isn’t it? A real man, this would have been
impossible to imagine just a few years ago. Yeah. If you guys think back to 2017, all the Tether
Truths were out there saying that they weren’t fully backed. They were a Ponzi. You recall back
to even they were being investigated by the New York Financial Services Commission back even two
two years ago people were saying they were backed by a commercial paper all this stuff and here he
is literally being you know big uped by Mr. Trump himself at the White House. Yeah, crazy stuff
come so much has so much has changed. Um, and we have another tweet of the week. Uh, this one
um from open well this is this tweet itself. So, this is OpenC talking about finally launching
a token. Yeah. Yeah. Where we dropping, boys? And Kobe responds 2021, which makes me wonder,
OpenC may have like set a tweet uh scheduled a tweet and they accidentally got the wrong year
in there. Instead of 2021, they put 2025. Oh, that’s been in a scheduled queue for a long time,
guys. Sorry. We didn’t mean for you to go out. Still not happening. Still not happening. Okay.
Um, let’s take a look now at some Are there any coins to watch this week, Nick? What what have you
got on your radar? Everything, guys. Everything’s pumping. I can’t not going to point out any
particular one. Look at what’s going on. Look at the charts and follow the news flow cuz it’s going
to be exciting. Yeah. Yeah. So, in other words, you think you think with the rally that we’ve seen
over the last week or so, that’s that should be continuing bar any sort of terrible black swan.
I mean, there’s always going to be some pullback here or there when people take profits here or
there, but I think that when you have this mass accumulation, especially on the ETH side, right?
Um, I think ETH is looking at 4K quickly, man. Can come very quickly, especially in a meltup, so keep
an eye on that. Dates for the diary, just two. Uh, tomorrow, Powell is speaking at 8:30 a.m. Yep. I
wonder what he’s going to be talking about. Um, and then on Thursday, we’ve got initial jobless
claims, 229Ks expected versus 221K previous. So, keep an eye on that, those guys. Okay. Okay.
All right. Um, let’s see what people have been saying in the comments as well. Um, again, like
I say, uh, sentiment is is sentiment is good. Um, Professor 807 asks, “Is there going to be a
shakeout? Buying opportunities? Market pumped so hard. Looking like I missed grabbing some. The
FOMO is the FOMO is kicking. FOMO is real.” Yeah. I mean, it’s shakeddown. I don’t think there’ll be
a shake. There will be retracements here or there in some of your most popular alts. Nothing ever
goes up in a straight line. Yeah. Um, Ethereum, I think it’s difficult to imagine necessarily
a pullback right now just given all the stuff that’s coming out, especially with the e up the
accumulation by these massive entities. Yeah. Um, and the charts are looking bullish obviously with
that that daily golden cross and stuff. Yeah. Uh, but keep an eye out because they there could be
like, you know, daily day opportunities to buy a bit of a dip here or there. Yeah. Bull markets
do climb a wall of worry. Um, so as Nick says, we will see we will see pullbacks along the way.
It’s a very difficult environment to short in. I I I am not planning any any short. Do not be short
in. Do not especially the altcoin side guys. Like they can get wrecked. Um so I think there will be
opportunities and as we’re seeing like you know I’m seeing a few people in the comments asking
when this that or the other is going to pump. Like not everything is currently pumping at the
same time and I’m not sure it actually will like like we’ve said many times. I think these pumps
are going to often be quite localized. So, a lot of the time it’s just going to be about patience
sitting back and waiting for your particular uh alt to pump. Um, meanwhile, uh, what what
was the other question um that we had here? Oh, yes. Uh, H Jobert says or Hojo says, “When is
retail FOMO kicking in?” Well, when they come back from their summer holidays, they’re going to be
like, you know, look back at their Coinbase app, they’re like, “Oh my god, my my aid is up a lot.
I should buy some more.” You know, I mean, it is summer holidays, right? generally trades and some
of the whole sell in May go away kind of thing and they’re probably going to come back and they’re
going to see coins are up. But I think generally um already Bitcoin’s broken through an all-time
highs and the new slow hasn’t been as exciting yet. But retail it’s not just about FOMO as
well. We need market conditions to be right. Uh and the big one there is of course liquidity
and monetary policy. And if you believe Trump, what Trump wants for the Fed and if we, he
wants 3% off of the, you know, the Fed rates, the Fed’s funds rate, which is unheard of, which
should basically just be like money printing, like that’s it. And then we could see definitely
the the right conditions for retail to FOMO in. Yeah. Yeah. Again, you you feel like it’s going to
be a sort of gradual process. I’m hearing sort of anecdotally uh of people who weren’t into crypto
before sort of gradually gradually moving in, but it’s not that sort of there doesn’t seem
to be that sort of hysteria that has been in in past cycles where literally everyone is asking
about it. It seems like it’s a much more gradual uh evolution this time. And I think there’s
more and more people become aware, especially of fiat currency debasement. Um so yeah, I’m not
sure if there’s going to be a particular moment where it’s suddenly I mean maybe Coinbase will
shoot to the top of the app store rankings. Um, but I think it will probably be a slow meltup in
terms of in terms of retail traders returning. Gabe Harour asks, “Where’s the guy memecoin?” Um,
there will be there will never be a guy memecoin, Gabe. There will never be this. I think this is
a good opportunity to remind people that there will never be a guy memecoin, a Nick memecoin,
a coin bureau memecoin, anything like that. So, if anyone creates it, if you hear anything about
it, then it’s a fake. I’m sure one already exists, man. Let’s be honest, man. You think? Yeah.
100%. Maybe. Maybe chill guy. There’s a chill guy meme qu that’s got nothing to do
with me. I’m not chill. You’re not chill. Okay. Um what else have we got in the uh in
the comments wise? Um a lot of people Yeah, a lot of people bullish on RWA. Uh Charlie
says AI not far behind but RWA for me AI I mean I don’t know I’ got I got mixed uh you know
mixed feedback on AI in general. I think that um AI infra I think I remember was speaking
to someone last time and there’s like AI infra projects not so much because it’s just
right it can never compete with centralized AI but AI agents as well I was asking people like AI
agents and they didn’t think it was that exciting right now because they’re just not as good as the
and there’s no need for the token for an AI agent virtual did very well so I I mean it’s it’s it’s
definitely one that is a retailfriendly narrative but whether it can compete with the likes of you
know RWA right now or um some of the others and DeFi especially because DeFi regulatory regulatory
wise so I’d be more bullish on DeFi than AI. Yeah. Okay. Okay. All right. Um there are some there
are some uh very interesting predictions out there. Um I’m just going to uh highlight this one
from Mabarak. H bar to all the twos apparently. H bar maxi. There we go. There we are. Always good
to see. Um okay. Uh and uh someone saying infoi looks interesting. Is that the new narrative? I
I kind It is interesting. I kind of feel maybe Infoofi is is is already sort of yesterday’s. It
is kind of hey like the what was it Kao and Cookie and all of these and I think that people were
bullish very bullish on Kao but now I’ve seen over some feedback where people are like gez
these yappers are annoying and these you know it’s kind of needy and I don’t know I mean I I we
were supposed to do we do any infoi topics yet? We have talked about we have talked about in I
don’t know if we’ve done a video yet on it. I don’t think we’ve done a video on it yet. Yeah,
I didn’t think it was too interesting then. But yeah, certainly certainly it was annoying having
all that stuff on the timeline. It’s just like people basically tweeting tweeting for money.
Yeah, exactly. That’s what it is at the end of the day, right? I remember when people used to
tweet for nothing and were happy about it. Yeah, man. Just engagement, you know, for the likes.
Do it for the fans. Do it for the friends. The online fringe. Yeah. Okay. Um uh we’ll leave it
with a couple more. Promise uh is from Nepal. Please reply. There you go. We replied. Promised.
Thank you for joining us. Um and uh well, this says it all about the current climate. Buy
my fartcoin, grandma. Grandma will learn the laws of physics. Hot air rises. Absolutely. Absolutely.
Okay. Um how did we get to where did we get to on the likes? 100,100. We’re getting closer, folks.
We’re getting closer. We’re getting closer. Next week, we can make it happen for sure. Yeah.
All right. Okay. Well, thank you everyone for watching. We will be back with the Coin Bureau
live news uh next week. I’m hoping NFA live will happen this week as well. Uh but plenty of other
videos coming to you on the main channel and on more Coin Bureau and on Coin Bureau Trading and
on all our other channels. So don’t go anywhere. Um and enjoy what should hopefully be another
week of not necessarily up only, but certainly in that direction. Enjoy the green candles, guys.
Enjoy and marvel at it. All right, see you. when he predicted a sideways week. Nick is in the mood.
Is that Carl from Die Hard guy? Looks like he has been hunting moose. Howdy guy. There’s no Nick.
He’s rainbow biceps for big coin. No guns for guy. There’s no naked he’s ramble for
your guns for God. [Music] Keep going hype. Keep going hype.
Keep going. Hype. Keep going hype. Keep going. Keep going. Keep
going. Keep going. Keep going high.
