Staying strong, Bitcoin bubbles away
just below its all-time high as stock surge and crypto week approaches. Whale
alert. BTC untouched for over a decade is suddenly on the move. Are os cashing out
or is there something more sinister going on? The revolution will be tokenized.
Big players in crypto and tradi are controversially starting to offer stocks on
chain. We look at who’s set to strike gold on this new frontier and a look at last week’s
top performing cryptos, dates for your diary, tweets of the week, heroes and villains, and much
more besides. This is the Coin Bureau News Live. And we are live. Welcome to the Coin Bureau
weekly news. Hello one and all boys and girls wherever you’re joining us from where you are
in this wonderful world. Speaking of which guy, where are you? Yes. Uh I I just thought I’d um do
the stream from my uh private island this week. I hope you don’t mind. Yeah. Yeah. It’s just a just
a little place just a you know tiny little place in the tropics somewhere. But uh yeah, I thought
I’d get away from point on chain. I saw someone’s moving a few billion, but uh No, no, no. That’s
nothing to do with me. No. Yeah. Yeah. I um I like your I like your shirt, by the way. It’s you
you’ve got very sort of uh Italian. You could pass for an Italian footballer. Could I really?
Well, this is Inter Milan, right? Yeah. So, yeah, probably I could. Right. Do I give the
Spanish look or no? It’s probably Italian, of course. Yeah. Yeah. Yeah. I think you could
uh I think you could pass for it easily. I mean, I don’t know how good you are at football. And I’m
I’m better in the shirts than actually playing it to be honest. But um so welcome guys. Welcome to
the Coin Brier News. Of course, uh there’s a lot of stuff to talk about today. We will of course
get on to the massive Bitcoin whale movements on chain, billions worth. Uh but of course, we’re
going to go and roll back and take a look at what happened to Bitcoin last week and what could
happen this week. Uh we’ll obviously analyze what those whale movements could mean for the price. uh
and we’ll also then take a look at this revolution that of tokenized real world assets stocks stocks
like Tesla even open AI and SpaceX guy could be tokenized one day and traded 24/7 I know it’s
it’s happening it’s happening now this is we are living in interesting times exactly exactly
so if you guys want to watch all of that don’t forget to hit the like and subscribe of course
uh that down there I don’t have guy to help me all-time highs this week, guy? Uh this week, no,
I think we’re in I think we’re in summer sideways at the moment. So, I think we’re just going to
bubble along at this level probably for the next few weeks. But, um hey, look, you know, I’ll be
delighted if I’m wrong on that. I I think an old I think we all need a new alltime high, don’t we?
Okay. Well, you guys let us know what you think, whether we’re going to do it this week or not. Uh
but let’s of course start off and kick off with the Bitcoin price then. Um now Monday last week uh
Sailor bought yet again as per usual just before the stream he accumulated 4,980 BTC or over half
a billion dollars. So good on good form as per usual. Um and the more interesting micro strategy
new or strategy news from last week was the actual first dividend payment for SDK. Uh this is the
preferred uh stock that strategy has issued and this was the first dividend payment that came for
this preferred stock which when goes to show that it was actually paid and this actually caused the
preferred stock to deliver a 42% return on the day which outperformed Bitcoin’s 11% jump and the S&P
500’s 2%. So that’s pretty crazy. Yeah. And and of course preferred stocks you they don’t have to pay
a dividend on do they? Yeah they don’t. And many people were wondering well is he actually going to
pay dividends on this? and he did but it came at the expense of commons cuz he sold MSTR to pay for
the dividend but is what it is. Some may call it a a scheme a Ponzi scheme but others may not. Um but
then of course on Wednesday on Monday we also came back and we closed the CME gap that I talked about
last Monday. uh and it’s quite interesting to see how precient these CME gaps have been uh over the
past 3 four months since we’ve covered them when on the Monday on the Monday streams they’ve
most of the time come back and closed either to the up or the downside. So it’s worth noting
these and I’ll come back to one that opened up over the weekend in a bit as well so you guys can
take note of that. Um, and on Tuesday, uh, crypto dipped because of a bit of a war popping off, and
it wasn’t Iran versus Israel. This is this is what wars of the future are going to be like. They’re
they’re not going to be between countries anymore, just between absurdly powerful people. Exactly.
This this popped off in the public again when um this is over the BBB, the big beautiful
bill, and uh they started throw you know, lobbying lobbying insults again. Um, Bitcoin then
came down a bit as well as stocks. uh it came down to 105K. Uh but nonetheless, it still was a
historic month indeed because it was the highest monthly close June June 2025 in Bitcoin’s history.
Wow. Yeah. So, we go the slow grind up. Um come Wednesday, we closed a second CME gap. And this
was one that opened up two weeks ago, I think, as well at about 103K. So we closed the one on
the Monday last week of the one that opened over that weekend and then one that opened two weekends
ago. So it pulled it down and then we closed that gap and it went up again. So it shows how accurate
it is. Then stocked to um trade CME gaps at all. Pardon? Are you tempted to trade these CME gaps? I
I am. But now given how how well how regularly it closes them, I’m thinking about probably there’s
one that’s opened up this overnight. So, this is something we’ll get on to if Are you feeling are
you feeling a bit uh want to try and trade this guy 100x? Well, I’m not not being a trader. I
I think it’s probably something I should avoid, but I’m just kind of looking, you know, as you
as you point out sort of fairly regularly, these CME gaps do get closed. So, they do and I think
it’s about 90% of the time it’s if statistically you should be more right than wrong. So, you know,
it’s something to worth considering. Um anyway, so bas last back to last week Wednesday stocks also
ended their best two-week period since recordeping began in 1928. This is crazy, isn’t it? Annualized
daily returns of 2.43%. Crazy. Wow. Crazy. Just shows I mean you know that that it looks to me is
people moving out of moving out of US bonds and US dollars surely. Yeah. Exactly. Yeah. And well
moving exactly moving back into the risk on mode. Um, and it’s crazy to think that just a few months
ago after the uh liberation day tariffs that everyone, but Trump did, of course, come out and
say, you know, time to buy, guys. All you had to do was go and follow Trump’s Twitter. No need for
the charts, no need for any sort of analysis, no need sort of macro podcast. Just listen to Trump’s
Twitter and he’ll tell you what to do. There we are. There we go. Yeah. So, back to Wednesday last
week, Standard Charted, our proverbial predictor, our research, our report analysts came out
again. um they throw price predictions left, you know, like it’s confetti all over the show.
They came out and they said, “Well, we expect 135k by Q3 2025.” So, in this quarter, and they
maintain their 200k uh price target for the end of the year uh or the all-time high. Um Thursday,
Bitcoin broke above 110K. So, we go in, we almost got there, just so so close. Um but unfortunately
well the unfortunately bad good news is bad news because we got the NFP numbers that came out
on Thursday and they were they blew through expectations very very good which means therefore
that the Fed is less likely to want to cut and as a result the probabilities of a Fed cut in July
fell from 23% to 4.6%. So it’s not happening. Wow. But there’s still a chance 4.6%. I mean, you’re
you’re saying there’s still a chance. You got a chance, guys. Um, meanwhile, something something
that was perhaps more predictable was the um was this big beautiful bill that you mentioned
earlier. There we go. It passed. Add into the debt. Nice. Celebrate and add into the US debt.
The train never stops. It’s so cheesy as well the way they chant USA. Hey man, you know, no matter
who which party’s in power, it’s going to just be more spending, all the same. The more things
change, the more they stay the same. Um, Friday, uh, markets were closed because of US Independence
Day. And this is my rendition of the Patriot. Uh, thank you very much for live audience. I
know. I know. I’m very funny. That’s That’s a feature I’m sure people are going to love. Um, we
should keep it for sure. It’s real. It’s actually real. We do have a live audience here. We go. Went
out to went out to the street in Dubai and got all the guys and be like, “Yo, guys, you want to come
watch a crypto stream?” Just have to laugh at the jokes. Yeah. It’s like uh it’s like Friends
filmed in front of a live audience. Anyways, um so on on Friday though, Bitcoin did retrace on
concerns around an OG whale moving his coins. Um, and uh, this was at least this OG whale has at
least 80,000 BTC, $8.6 billion under his control, and these coins woke up after 14 years of
dormcancy. So, it’s mad. And he moved about 40,000 um, bit Bitcoin about 4.3 billion. So,
that caused a bit of concern for the markets. Um, and we’ll come back to that a bit. Um, yeah,
today MetaPlanet bought in the morning yet again. uh they bought 2,205 BTC and that
brought their to total holdings get this guy to 15,555 BTC. Interesting. It’s not
that’s not quite so um numerologically obsessed as previous ones. I’m going to hazard
a guess and say their next target is 18,888. Okay. So whatever maths takes you to to that you
think you think they’ve gone why wouldn’t they why would they skip over 16,000 and 17,000 or
you just think because they want the 888 luck. I think they just want to go for that want to
go for all those eights as quickly as possible. They they you know they they reckon that’ll get
us above the all-time high. Yeah. Okay. Well, let’s see. Let’s see. Um but someone who has not
bought yet, which is very interesting and very I don’t know if it’s concerning. We shall see is
strategy sailor. I have not seen any announcements yet. And he did allude to it with his sailor with
his sailor tracker chart yesterday. Although uh he did mention to the effect of something. Sometimes
you just have to hodddle or hold. So maybe that means there’s no purchase this week. We’ll have
to see. Maybe if there is in the stream you guys let us know. Obviously this is happening live.
So let us know in the comments if Sailor does buy and we’ll shout it out. Do you know maybe he
just has been ignoring all those emails that he’s been getting to renew his KYC documents? He, you
know, he just keep I’ll do it now. I’ll do it next week. Now he’s struggling with Coinbase support.
Now he’s locked out of his Coinbase account. Yeah. Yeah. He’s not with the Coinbase support as
chat. It’s like, of course you’re Michael Sailor. Everyone’s Michael Sailor. Can you just send us
some documents? He’s just got to be sure. Michael struggles of compliance. Honestly, bro. Anyh who,
um, so what’s coming this week? Let’s quickly run through this. Uh it’s a very busy week. We’ve
got and first of all liber n the 9th of July potentially that’s the day for the 90-day tariff
extension could go could go and extended out to August. We’ll have to see. FOMC minutes are coming
out on Wednesday as well. Um and um indeed as I mentioned just prior to the stream this overnight
we did open another CME gap for Bitcoin’s price. Uh so this is basically betweenund and you know
108 to 109K. Uh so hope maybe we’ll come back and close it. Ideally, we’d want to come back and
close it so we got a cleaner uh run towards the all-time highs. Uh speaking of which, there’s some
a lot of liquidity. You know, I we pull up the heat map. You know, I love my heat maps guy. Um
it’s looking it’s looking so hot up there at 110K. Um and that’s obviously a heat map, liquidity heat
map, which means it could act as a magnet towards those levels where all the orders are placed
and the market makers could try and push Bitcoin towards that. expect volatility either way because
the Ballinger band moving averages are, you know, this is a measure of potential volatility and
potential squeezes. Uh they’re at their lowest yearly level uh in terms of the difference between
them. So many analysts are pointing to this potentially to signal signal a potential breakout.
Indeed, the inventor of Ballinger bands himself, Mr. John Ballinger, mentioned that Bitcoin is
looking good, and we’ll we’ll get to that in a in a bit. Yes, we are going to talk about that.
Yeah, talk about Exactly. But uh if you guys of course want a playbyplay everyday uh trade by
trade, I will encourage you to check out the coin coin bureau trading channel uh which scan the QR
code either in the top right or the QR code there um on the screen there. And that’s and Dan’s just
released a video actually that says Bitcoin could explode in three days. So I haven’t watched it
yet, but it’s defin worth checking out. Could see could it coincide with the Liberation Day
extension? We’ll have to see. Yeah. Okay. Okay. Would you like a uh a sentiment check before we
before we move on? Let’s go. Generally pretty good. Um I want to h I want to flag this one
from cold but happy. This is always at some point people are going to realize how great this stream
is and everybody will get up at stupid o’clock for the party. Do we aren’t we doing this stupid
o’clock? I don’t feel that we are. depends where you are in the if you’re in West Coast US pray
possibly because that’s probably that’s 6:00 a.m. uh east uh Pacific Standard Time Pacific time.
Yeah. That is really very early for them. Probably just after midnight. I think these Californians
need to make more of an effort to get up early. You know, mornings in California probably
light very early there as well. You know, you’re on the beach and come on, man. There’s no
other reason not to be up. Yeah. Um, generally, uh, generally pretty good. Guy hung over, mate.
Um, no, I know my voice sounded a little, um, spotted, bro. I did have I did have quite a big
weekend. I’ll give you that. I I will I will admit to that. I went to a 40th. It all got a bit out of
hand, but um yeah, I recorded the headlines very early this morning before my voice had really
awoken. That’s why I sounded a bit husky in the intro. But no, not hung over for a change. Um,
and uh, Jim Invest 78 says, “No Mondays without CB news.” Absolutely. Um, and uh, Brett Thompson. Oh
my Oh my guy’s makeup is awful today. Looks like he’s undergoing chemo. Good grief, Brett. Chill
out. That wall of fame posting the other day has gone to your head. Good grief, guys. Sorry, bro.
Wow. The best fans. Nothing a little bit of tan. You You’re on a beach, man. Just go and get some
tan, bro. I know. I know. Well, look, you know, once I’ve done this, I’m taking I’m ch I’m taking
time out from this gorgeous location I am to stream for you guys. You know, I think people
could be a bit more grateful. Um, okay, Nick, let’s uh let’s move on um and talk about some of
these Bitcoin whale movements that have been going on because as you said um we it was sp this huge
uh movement of uh of old bitcoins was spotted. Um but this is kind of part of a theme as well, isn’t
it? because it’s not just old way. There’s there’s generally been a lot of action going on from
various types of Bitcoin whales and there seems to be a bit of a transfer of um of BTC going on.
Um so we’ve got this we’ve got this graphic here that we that we tweeted recently and this is the
spent output bands. So can you can you explain what we’re looking at here? Yeah. So basically
we just to put this into context a bit um one of the questions many people have been asking more
recently is wow we’ve got strategy accumulating ETFs accumulating all these corporates bidding why
is the bitcoin price remaining relatively static and that is because the onchain evidence suggests
there has been a lot of older OG whales who have been moving their coins and selling them. So this
is going to be evidence one here with this chart. This is the spent output age bands and basically
if a wallet is spending bitcoin after a certain period being dormant it’s it’s registered as a
spent output right and in this case we’ve isolated the 10year uh spent out the the spent output for
the wallets that are 10 years or older and it’s at the highest level in on record in terms of
the over the past week. So OG whales are moving their coins. OG holders are moving their coins,
long-term holders. And this is actually also illustrated pretty well in this chart over here
by 10X research. And it shows the on the uh the blue is the is the the white is the whales. These
are the we can call them the new voish or the new money whales. Uh these the likes of strategy,
corporates, ETFs, etc. who’ve been accumulating in this cycle. And then the mega whales are the old
money um the OG holders who are selling uh their bitcoin in this cycle. And this show this you can
see therefore is one is accumulating the other is distributing and that is put near one from the
other wealth transfer and it’s pretty clear as to why bitcoin has remained relatively static
in these conditions. That’s really interesting. Yeah. So basically although we’ve seen this
massive buying from as you call them the neuvo ree whales Nick um that’s being offset
by the by the mega whales taking profits and um do we do you think we can call that a new
chart pattern when the when the mega whales uh is crossed from below by the new whales? Can
we call what can we call that like a whale? So kind of like a TA, we call it a whale death cross,
right? Death cross because it means that you know the old whales are moving or are sudden to the new
whales means they know something and it’s it’s the only TA indicator you need. The whale death. We
we we’ve trademarked that. We we claiming it on the stream right now. The death whale cross. You
any anyone watching can say that they were there at the birth of a new charting pattern. There we
are. John Ballinger, we claim that one, bro. Okay. The Coin Bureau owns the death whale cross. Um,
but anyways, going back to the whale, the whale in question, of course, the OG whale in question.
This was the mysterious Bitcoin whale who moved $8 billion. It’s the largest daily transfer of old
BTC in history. Um, he transferred. So, at least he holds at least 80,000 BTC. Uh, and he and he
moved, just think about this, $4 billion worth. So 20 uh first one there was 20 20,000 BTC which
he accumulated for an average price of 78 cents back in April 2nd 2011. Wow. And he moved this
and then he So it’s crazy because four wallets in total transferred out 40,000 BTC on the fourth.
So this is um yeah 40,000 BTC moved $4 billion worth. Can you imagine how crazy must have been
to actually sign that transaction? Like I I mean I still sweat bullets if I’m moving like you know
anything more than a few hundred dollars of BTC to be so to be moving billions at a time it must
have that must have been the long 10 minutes right track in the blockchain um there was a lot of
speculation about who could this could be quite a few candidates one of them was Mr. Roger.
Now if for those who don’t know who he is, he’s Bitcoin Jesus. He was one of the earliest
adherence of Bitcoin. He was known to have bought hundreds of thousands of Bitcoin back in the
early days. Um but I don’t think there’s any evidence behind this. It’s Twitter speculation
and let’s be real, Twitter’s not very well known for their uh factchecking ability. Um so I
mean yeah I I I don’t know. He is obviously now facing these issues with regards to uh uh tax
tax evasion etc. Maybe he’s moving some Bitcoin to uh pay down the debts. Maybe he’s trying to buy
back his US citizen citizenship. Who knows? Um but well yeah cuz he was um he was out was
it at the beginning of the year I think when uh he was sort of tweeting for for help with his
worries um from Donald Trump and sort of I think it was Elon Musk sort of pointed out it’s like
dude you renounced your citizenship. Like that’s what happens. You can’t just have it both ways.
You’ve got less less sympathy. Well, I mean, at least from in Trump’s lives or anyone there,
but it let’s be honest, it’s not like there’s no proof it’s him, right? It’s just speculation.
There was another interesting theory that was also posited from Connor Grogan from a Coinbase exec
and he says there’s a possibility it could have been a hack with compromised private keys. And
the reason he says this is because that there were there was prior to this there was a transaction on
Bitcoin Cash test transaction for one of the BTC whale clusters. Um and the the theory here goes
well he’s probably going to test if the private keys work on a chain that is probably not being
monitored by the whale to see if it’s real, if it’s connected and then he will try and transfer
out. Of course this is also just speculation. Um because um but regardless this is just such a WTF
move. I mean there are so many questions. For one, this is from Pascal Gome from um Ledger. And
what’s more crazy about this is that this is before the BIP 39 standard existed. And that was
a standard that would allow for different kind of wallet types. So that means that he probably
signed this transaction. No hardware wallets involved. He probably signed this transaction
using a software wallet like Electrum. Wow. That’s I mean it’s just a different it’s
just a different era, isn’t it? A different era of Bitcoin. Like you’re reminded how much has
happened in what is a relatively short period of time in the grand scheme of things, but actually
feels like longer when you know it feels like the the Jurassic period when you’re when you’re in
Bitcoin. But do you know what the the thing I love about stories like this is that like there’s
so many, you know, there’s so much that you can speculate that’s happening behind the scenes
here, you know, like we just don’t know. And I I guess that’s part of the part of the reason why
um I think it reminds me of one of the reasons I find found Bitcoin so fascinating to start with,
you know, the pe the fact that people could do this not necessarily anonymously because as we
know now, Bitcoin isn’t anonymous, but you know, pseudonymously at any rate. And behind that
pseudonymity as well, there’s there’s just so much story, isn’t there? Like, is this someone
who’s just decided like, “Ah, do you know what? I’m just going to buy that island or I’m going to
buy that private jet finally.” Or, uh, you know, have they have they lost their private keys?
Have they found an old laptop in the bottle of bottom of a filing cabinet and gone, “Oh, yeah. I
think I might have some Bitcoin on that.” Like it, you know, and Mom, don’t wal Mom, don’t throw
that that hard disk away. I want to just double check something. Um, it could be that like I mean
I think it’s more than likely someone lost access to the wallet.dat file which is the early miners
which is what it was. Um, and they potentially they’ve been for years trying to crack it. Um,
and then that or they couldn’t find a hardware um, a hard drive of some description and then they
managed to find it eventually. Whatever. It’s just the mystery will, you know, we’ll have to see. I I
can imagine that it’s going to come to the surface eventually at some point because he’s going to
have to KYC somewhere and stories like this, mysteries like this don’t remain forever without
getting um you know broken. But um just quickly in terms of the impact this could potentially have
on Bitcoin. I mean on the price it’s obviously a concern if there is selling that could temporarily
have an impact um especially from these OG whales because there is a large supply. However, as we
as I showed earlier, there’s these new buyers that are just accumulating at a rapid clip in
the trad space and that will more than likely be able to absorb it. I’m actually happy that
if that these are moving and coming to be sold, it’s happening now. First of all, there’s
no confirmation it’s going to be sold. But if I’m had glad it’s happening now as opposed
to when there was a time when Bitcoin didn’t have enough liquidity to absorb this coin
coming on this amount of coin supply. So, it’s I don’t think it’s going to have too much
of an impact. Maybe a bit of in the short term, uh, but in the weeks that follow, it’s probably
going to be absorbed. Bit Bitcoin is Bitcoin is going through its very own great wealth
transfer. This is this is a new era of Bitcoin. This is perhaps a historical interlude
uh in Bitcoin story. New era indeed. Anyways, next up, let’s bring on the wall of fame
and shame. rise and falls. Here’s the wall. Jesus. Just lovely. That’s probably
one of the worst. Let’s bring it up, guys. Oh, bro. Why did you make me that guy, man? That looks That looks very
very wrong. So wonderful. It’s very It’s very popular with the viewers.
They love that. I absolutely love the fact they basically put like a little blonde little cap
like on Buzz. He’s got like he’s got a headband thing over him. Why did you put my bangs guy? My
bangs are sticking out. Love it. Well done. Well done production team. Well done. Well done indeed.
Beautiful. Okay. Okay. Who’s on the wall of fame then? Wall of fame. Well, we just mentioned him.
We have to put him on the wall of fame. whoever he, she, they are, uh, the gigad who is behind
this massive Bitcoin stash, he deserves to be here. Can you imagine holding for over 14 years?
Um, and just diamond hand in that, assuming he he had been had access to it either way. That’s
crazy. Crazy. Yeah. Bigger chat behavior. Yeah. Then on the wall of shame, let’s bring them
up. Congress. Yeah, they are. I think this is important because it’s not necessarily a partisan
argument. It’s just more about the fact that it’s the uni party adding debt to the um adding debt
to the US uh debt pile, right? And what’s even crazier about the one that they passed last week
is we’ve obviously talked about the debt increase they would have had from their house version that
came uh for this big beautiful bill that came two weeks ago at 2.4 billion but 2.4 trillion, sorry.
about this one that they’ve managed to turn around in less than a week added adds in $3.3 trillion
to the US debt in the m like a decision and a bill passed 1,00 1,000 pages long right passed
literally in the span of a week just like that you guys are going to have $3.3 trillion over the
next few years added to your national debt. Yeah, it’s it’s not so, you know, it’s kicking the can
down the road by taking the most enormous runup and booting it as hard as you possibly can um in
down the road. It’s uh yeah, I mean it’s good for our bags. It’s good for bags. Inflation, there’s
only one way this nothing stops this train. And yes, if you hold Bitcoin, if you hold hard assets,
that’s good for you. If you rely on income, if you rely if you have savings in in bank accounts and
fiat assets, get out. Yeah. Yeah. Okay. Let’s move on then. Let’s talk about um now at the moment
we’re seeing not only a great sort of wealth transfer in in in terms of Bitcoin, but we’re also
seeing this sort of fusion of Tradfi and crypto, trady and DeFi, if you like. Um because now uh as
you pointed out earlier on Nick um it’s it’s now becoming possible to buy tokenized stocks on
chain and there are some big players getting involved with this. Obviously some established
big players within the crypto industry as well. Um but some you know more traditional uh more
traditional finance players like Robin Hood are getting involved with tokenized stocks and you
kind of feel obviously this is part of the whole uh RWA narrative that has been bubbling away
for a while now and that you know pretty much I think everyone has kind of agreed is going to
be is going to be huge and and now it’s starting to to sort of swing more and more into action. So
yeah, um should we start by having a look at what Robin Hood has been been doing with tokenized
stocks? Robin Hood announced last week at Khan um at ETHCC that there were going to be over 200
tokenized stocks and ETFs which would which would trade 245 uh onchain. Um and they’re initially
on arbitum until uh they build their own layer 2 which will be RHO chain or something and they’ll
migrate to it then but it’s obviously a big win for Arbitum and yeah Robin Hood is uh one of the
biggest fintech brokers in the world and this is a massive news and not just that they actually also
announced they were going to give away $5 of open AI and SpaceX stock tokens uh in Europe. Right.
Now, this is interesting, isn’t it? Because, you know, as uh and and we’ll we’re going to talk
about open AAI particular in a bit, but obviously um you know, us plebs cannot currently buy uh
open AI or SpaceX stock much as I’m sure many many people would like to do that. Um but, you
know, actual you know, actual access to that uh to those stocks is is is very very limited limited
you know, to accredited investors or you know, people who are already fantastically wealthy. Um,
so there’s and as we’ll see there’s been a bit of controversy uh around OpenAI’s one as well, hasn’t
there? Yeah, there has. So they came out and said that this is they’re in no way sanctioning
this. These Open AI tokens are not AI open AI equity. And this is fair to be honest. Robin Hood
could have done been a bit better when it came to messaging around this because technically what
these are are tokenized representation of an SPV. So, this is an special purpose vehicle that Robin
Hood owns that controls and holds open AI and SpaceX stock. And when you buy in a token, you’re
getting a piece of that SPV. Although the legal rights you have to any sort of stock is very is
dubious. And I think I think that it wasn’t well enough telegraphed and communicated when it came
out and there was this um that’s the reason for this uh misunderstanding. Uh but either way, it’s
still quite revolutionary to have access of some description for European users. And that was just
on the Robin Hood side. But last week and over the past two weeks, we’ve also had this revolution of
onchain equities from the likes of X stocks. And these are tokenized stocks that are on Salana
SPL tokens representing US equities. So Apple, Tesla, SPY, etc. So this the SP S&P 500 uh ETF.
And um they were on the the Kraken integrated within the Kraken app as well as on by bit
through by bits by real which is a hybrid dex uh incubator by by yeah and of course all this
is all this is happening because of you know the sort of deregulation environment that’s that’s
that that’s now sort of prevalent in the United States. The fact that the SEC is is basically
on the verge of kind of legalizing everything cryptoreated for you know for a time at least. um
this none of this could have been you know could have happened under the previous SEC regime. So
obviously you know it’s clear where this push is coming from. Um and you imagine that I mean this
is only going to get bigger and bigger because this is going to potentially give people the world
over access to to to US stocks and you know you presume other sorts of stocks in the future as
well. Um which a lot of people don’t have. like it’s easy to it’s easy to uh forget that actually
for a lot of people in a lot of jurisdictions in in investing in US assets currently isn’t possible
or is very very difficult. Yeah, 100%. And it’s pretty interesting if you think about the history
of tokenized dark sky because if I don’t know if you recall mirror protocol does the r name ring a
bell mirror protocol that was built by docoin over at terra I think terra issued was built on terror
and this was similar idea needed to be tokenized equities that would try and mirror a real equity.
It was hit by the SEC in 2021. We also had the likes of synthetics which issued these ETHs
these synths tokens which were also equity b equity tied and then in 2022 we had unis swap
actually remove tokenized equity access from their front end because of concerns from the SEC. Yeah.
And now you’ve literally got the likes of Robin Hood going out there issuing tokenized stocks and
making it open to the public in jurisdictions like Europe. And you’re right, it’s really interesting
because if you’re a person in, I don’t know, even in Africa or Europe or wherever and you you have
no access to even to not even about the private stocks, you have no access to general US stocks.
If you’re a European investor with a UK stock broken account, trying to get buy US stocks, the
difficulties you have to go through in terms of taxes and declare declarations and all that. So,
the fact that you can just go and buy it on chain is crazy. Yeah. Yeah. And I think that’s going to
have a huge impact on the market. I mean well for one thing market access is uh you know as as as we
kind of mentioned you it’s it’s important to point out though that as you mentioned Nick it’s 245
at the moment this trading because that I think was one of the one of the um hurdles if you like
or one of the questions that we’ve kind of got to answer at the moment it’s like well yeah okay
you can trade if if you’re going to sort of weld crypto and tradi together then how are you going
to get around the fact that tradfi only trades you know five days a week and crypto obviously
trades all the time like you know because that is potentially going to open up all sorts of uh you
know all sorts of um uh you know price issues and and things like that CME gap style yeah um things
that we see with Bitcoin now exactly um that is true and I think that potentially they could try
and take it 24/7 but there then there’s going to have to be some some real liquidity created over
the weekends and it could be difficult because of these questions around wide spreads and gaps
in inefficient markets but either way you know onchain settlement does slash trade times and
cost. Um, and I think this is just this tradfire and DeFi convergence as banks and asset managers
may increasingly spin up these tokenized asset desks as part of their core infrastructure. Yeah.
Yeah. In in the same way that they’ve all over the past few years, even with the previous SEC regime,
they’ve all spun up um crypto desks. you know, all of these guys are were at one point hostile to
crypto and wanted nothing to do with it. And then over the last few years, they’ve been opening
up more and more. And this is, I guess, the continuation of that trend. And it’s probably only
going to accelerate and get quicker as as more um innovations like this come along and and
and the the benefits become more obvious. Um, which I guess is a good point to ask like who is
going to benefit the most from this other than of course your everyday your everyday consumer who’s
going to have access to all sorts of new equities. Who do we think are going to really do well out
of this? Well, on the blockchain side, most likely Salana for sure because it’s been issued these SPL
tokens on X stocks. They’re going to be issued on the Salana blockchain, although price hasn’t
adjusted as of yet. Um, Arbitum is obviously big win for Arbitrum as a layer 2. Uh, although
again also hasn’t really had much impact on the price. Uh, but the fact that they now as a layer
2 have in terms of market share are dominating and this tie up with Robin Hood is very very good
for and big announcement for arbitum itself. Um, so those two blockchains potentially could
benefit. Um but platforms like uh uh Robin Hood, Kraken and Bybit are going to gain first a mover
advantage. And if you take a look at Hood’s stocks um you know over the past month or two. Wow.
Yeah. Yeah. And Yeah. Because this is what this is what people want. And some some interesting
comments around this as well. Sean saying yeah if if you’re in St. Vincent and the Grenadines you
need to all sorts of hoops that you need to set up um to jump through. And um yeah I like this
comment from not your day as well. could get more trady people comfortable with crypto. Yeah.
Just, you know, but find themselves actually using a product on crypto rails. And I guess, you know,
going back to what you were saying about Salana, Nick, if you were to ask most um you know, most
people in the Salana community, would they are they happier about the fact that, you know,
that there could be demand for Soul uh from tokenized stocks um or would they rather go back
to when the demand was all coming from Whoops. Oops. Okay. I don’t think they were really
liking the comments about the meme coins. Some salana maxi baby. Okay. We’ve lost guy.
Guys, he’s back. He’s not lost. I’m back. Sorry. Is the island the island internet’s
not good, right? Yeah. Yeah. Like, mate, you’re buying the private island, but
you didn’t sort the internet out properly first. What the hell? I I had to exit
cuz someone was delivering my margarita. Okay, cool. Hope you enjoy it. Um, but anyways,
this just to round up this tokenized stock section, we obviously have a video coming out in
this in the next few days. We dive deep into this. So, keep your guy keep your eyes peeled for that
on the main channel in the next few days. But, um, if this talk about tokenized stocks or indeed
Bitcoin has got you guys feeling feeling a bit uh it’s an interesting one this week. lot of meme
coins, Nick. I’m more meme coins. Sorry slash happy to say. Um the main one I think no prizes
for guessing this one is Bonk. Bonk has had a uh a heck of a week. Um I was looking into this.
There’s there’s a lot more sort of going on in the Bonk ecosystem um than than I was ever aware
of. I didn’t really realize there kind of was much of a Bonk ecosystem. You know, there’s there is um
but there’s all sorts of stuff. There’s a there’s been a Moon Pay integration. um a Binance US uh
integration as well. And um also there if they get 1 million onchain holders, which they’re getting
kind of close to, uh then they’re going to burn a trillion bonk. Yeah, it’s just interesting for a
meme coin on Salana that’s got a strong community. I went to a um a bonk party in London last year.
I know that sounds cooler than it really is, but uh yeah, when I was in London, the bonk party,
they had like they had this massive inflatable dog in a church for a rave the night before and then
they had a bonk get together. So, I think for a community rel communitycentric memecoin, I think
Bonks got it. Uh, and also another interesting thing about Bonk, I don’t know if you saw this
guy, but the Bon launchpad had more for the first time ever, there’s been a launchpad that got
more volume on a day than pumpf fun on Salana. So, really interesting. Yeah. Yeah. 500 something
million on on on Bon Bonk launchpad. Okay. Well, that’s Bonk. Next up, go Celestia. Celestia
Ortia. Now, I mean, when when in doubt, zoom out. Probably guys want to zoom out on the Celestia
chart guy. I mean, do we though? Do we? Tia, man. Yeah. Yeah. It’s It’s not been It’s
not looking good, bro. But I mean, hey, at least you 15% up. You know, you know, it’s the
meme with like the um the meme with like the chart down down down and then there’s like this little
green line and then you got the wojack who’s like so surprised to see Yeah. Yeah. It’s Yeah. I
mean, this is this is kind of I don’t know like I think there’s a lot you can there’s a lot kind of
wrapped up with the performance of of of Celestia recently because like this is we I remember from
when we covered this in in the review gosh it must have been well over a year ago now like a really
interesting project like really cool tech like you know doing doing useful stuff this wasn’t one
of these projects that’s you know just you know not really contributing anything like there’s
is genuinely a lot of potential there and I the technology has improved a lot in the time
that we’ve covered it. But I think it’s a good example of one of these coins um that had a lot
of you know a lot of VC backing and I think as we’re as we as we might see in tweets of the
week like that is one of the reasons why and and I guess it it question it calls into question
like how to what extent can you judge a project by the performance of its token. um you know because
price is what we all look at and stuff and there are so many projects out there that promise so
much and the token price is in the toilet and then some and you’re like well you know is it is
it a crap project or is the token price you know the suppressed token price are we you know are
we not giving it its due I think Celestia is one of those projects like it there’s more to it than
than than Tia’s price action but I mean whichever way you slice it that that chart is horrible
yeah I’m sure the TIA bag holders won’t be able to really pay their rent with the hopes for the
great tech that we celestia at the end of the day when you when you’ve been holding that thing and
I think it’s so egregious because if you think about how one particular VC in in question
you know inject sold off 242 million and the fact there was also stake in rewards which were
supposed to be locked well they’re not locked and uh you know so but anyways I mean that’s let’s not
cast too many espersions outside that’s Celestia um then Pudgy Penguins actually uh that’s an
interesting rally they recently listed on it Toro right? Yes. Yeah. And again this is this is
an interesting meta that we’re seeing now as well like all these all these sort of platforms because
e Toro is you know quite a lot of people I know have have used e Toro a lot of people in the UK
um who bought crypto especially in the last cycle we’re using e Toro to do it and it’s you know
we don’t it doesn’t platforms like that that are sort of trady but integrating crypto don’t get
talked about a lot recently and but obviously you know now that Robin Hood is embracing as we
talked earlier I think these these integrations or or these listings on sort of non
non-traditional um newer crypto uh exchanges if you like is is is really interesting. It’s one
to follow. Final one. Uh there’s two others. Two others. Um next up is Faky. Um another fairly OG
memecoin. I I couldn’t really see much in the way of a catalyst here. They just launched a new sort
of metaverse game, Valhalla. Um, so maybe that that could be it or or just speculation. Um,
and uh, last but not least in the top gainers from last week, we have XDC network. Again, hard
to find a particular catalyst for this. They do have a lot of focus on RWA. So, it’s possible that
they’re sort of riding that RWA speculation wave, which as we said is kind of, you know, being fed
by the whole sort of tokenized stocks thing as well. That’s my best guess for XDC Network.
Cool. Let’s go on, guys. Tweets of the week. Okay, Nick, lead us out with this first one. A
Bitcoin treasury company, but instead of buying Bitcoin, it buys Bitcoin treasury companies.
Inception level thinking there. And then a Bitcoin treasury company that buys instead of Bitcoin,
it buys Bitcoin treasury companies. Which Bitcoin treasury companies are buying Bitcoin as well.
Bitcoin additional Bitcoin treasury companies. So you have derivatives on uh and multiple
rehypothecation of an individual Bitcoin treasury company. And it may or may not hold Bitcoin.
It may be paper Bitcoin. Who knows? But uh this is inception level thinking. Is is this um uh is
this going to be crypto’s version of mortgage back securities? Yeah, exactly. That’s it. Just tranch
that up. You got the AAA and you got the CCC, you know, whatever. Uh let’s go and trunch up these
these Bitcoin treasury companies and sell them off and uh rehypothecate them and put derivatives
on top of it and credit default swaps. Let’s go. Let’s leverage the hell out of this, guys. I can’t
wait. I can’t wait. Okay, and that was from Connor Groen of Coinbase again. Okay, Elon Musk has
entered the chat. So, uh, yeah, the America Oh, so he’s throwing his toys out the pram over the
big beautiful bill. um probably probably quite rightly um and is now threatening to launch a
new party, a third party um and uh so he uh he tweeted this out um replying to uh replying
to uh based Beth Jezos um and someone said, “Will America party embrace Bitcoin?” FE and to
which Musk replied, “Fiat is hopeless.” So yes, that is that is potentially very bullish. Bullish
indeed, man. Um yeah, next week although although like cracking, you know, in a two-party system,
cracking uh getting a third party launched is notoriously difficult. I remember Andrew Yang
was trying to do it for a long time. I think it was the Freedom Party, you know, basically.
But I think his angle is he wants to he doesn’t think that he could ever win presidency or that.
If you there’s some marginal seats in the House and the Senate and just to be able to be like a
check on power potentially and hold enough sway, you just got to grab a few of those. Although
I will still say I think it’s going to be very difficult. Remember Mr. Michael Bloomberg who
lobbed $500 million at the Democratic primary didn’t even register a few percent in terms
of so doesn’t matter how much money you’ve got. It’s difficult. It’s very difficult. The uni
party will continue. Yeah. Um, yeah. Next tweet. This is Wow. How crazy is this, man? This is not
a recent tweet. This is a year ago on July 5th, 2024. Yeah. Yeah. 11th Independence Day in prison.
Wouldn’t it be amazing if it was my last? Well, his wish came true. It was it was his last. And
it was amazing. Man, I tell you, life is life is a weird way of working. Eh, can you imagine
that? Do you think, Nick, that he celebrated uh the that fact by moving some Bitcoin? Do you
think maybe it was Ross? Maybe it’s his wallet. Yeah. One thing I I think he know he never
thought about last year is in one year’s time, I’m going to be at the Bitcoin conference given
a $6 million banana by his excellency Justin. Boy, life comes at you fast, eh? Wow, bro.
Yeah. Is this Is this reality or is this real life? Is this reality a simulation of
what is happening? But yeah, brilliant. Well, it’s uh it’s great from from Ross winning to
James win uh losing. This is I mean this is a this is sort of a reverse character arc. Um so as
we point I think it was last week we flagged one of his tweets he’d basically become a threador.
Um a thread and a new is basically trying to earn the Twitter um Twitter revenue and now he
says he’s got nothing left. Um, I mean, hey man, this it encapsulates the entire crypto arc e
like most crypto bros, they’ve gone and lived this Jame kind of character from the epic highs to
the lows. Yeah. What a what an arc. He’s richer in spirit guy. He’s richer in spirit. Do you think
so? No, he’s still tweeting. He’s still tweeting, man. I mean, if I’d lost 100 million to
trade, I probably wouldn’t be if I Yeah, I would I would be very quiet on on all socials
if that was if that was me. But uh yeah, good good on him for keeping going. Yep. Final
tweet here. This uh now I alluded to this earlier. So that there my friends, is Mr. John Ballinger,
the creator of the Ballinger bands, the famous Ballinger bands. And he says, “Bitcoin looks
to be setting up for an upside breakout. BTCUSD more as the week gets going. Um, and then some and
Ethaxi replies, ETHUSD is the better chart. Yeah, he’s he’s literally refuting the technical
analysis of the creator of the Ballinger bands. But, uh, well, look, you know, it’s it
that that is that is crypto encap that is crypto community antics encapsulated
if you ask me. like someone, you know, a a genuine expert offering their opinion and then
a crypto community member popping up to just to just completely refute it without without really
providing much in the way of evidence. To be fair, yeah, to be fair, the ETH guys, the ETH holders
have uh been quite active on the timeline given that ETH’s renewed optimism. So, you know, I think
that they deserve a little bit of I’ve seen a few ETH Maxis eats come out and been very active. So,
you know, let them have their time in the sun. Hey, look. They’ve had a they’ve had a tough year.
They’ve had a tough year. I I I mean, look, I hope anti-prosynthesis is right. You know, I’m an ETH
holder. That would be that would be fine. That would be fine. Fine by me. I’m just Yeah, I just I
I love the I love the confidence of it. It’s great to see ETH holders regaining their regaining
their confidence. Okay. Um any dates for the diary that we should be aware of this week? Yeah.
Well, pro probably the whole week because for one, it’s the big week for crypto in Washington. It’s
the crypto week which has been aptly named by the House Financial Services Committee. Uh so we’ve
got the Clarity Act, the anti-CBDC surveillance act, and the Genius Act all being talked about and
discussed in in Congress. Uh so that’s exciting. Um three landmark bills. So keep an eye on that.
Yeah. Uh okay. And then this is coming up. So this is um actually this is July the I that say 14th of
July it’s coming back but anyway this is something we should be we should be looking out for crypto
week is is heading our way. Yep. Um and uh on Wednesday on the macro side we’ve got the FOMC
minutes that I mentioned. Uh we’ve got uh the end of the 90-day par tariff pause which many people
are now saying could potentially be extended again until August if uh countries have not uh done
deals. they’ll get sent letters with the tariff rate they’ll pay apparently. Um so expect a little
bit of volatility around that. Uh and then also on Wednesday we’ve got an auction of 10-year Treasury
notes and this is interesting because uh these will give us an indication of how demand for US
treasuries has played out especially since the uh budget bill has been passed. Uh so if it’s strong
or weak we’ll have to see. It’s been it’s been a bit of both over the past few months. Um, and then
we’ve also got initial jobless claims on Thursday. Uh, expected at 235K versus 233 33K previous and
then Thursday also 30-year Treasury note auction going off. Okay, that that’ll be interesting
to see because uh yeah, see what the demand for for those for those US treasuries is like
whether whether people are still sort of fleeing from bonds and into other assets or whether
there’s still some strong demand there. Yeah, exactly. Okay. Right. Okay. All right. I’m just
going to I’m just going to update you with what um uh some of the people have been saying in
the comments. So, very busy comments section today. Um the dragonfly dogee picked up on the
what I was saying about third parties. And yes, he has. You’re absolutely correct on this. Nigel
Farage has done it in the UK pled. He is on course to be the next prime minister. Um yes, it is
true. And I think this is I think this could be you know as as Nick said it is very difficult
to uh to you know to break the sort of duopoly uh that you have in countries like the UK and the
US but it’s not impossible and I think it it the fact that it’s kind of happening in the UK and
it’s being talked about in the US and you know we’re seeing insurgent parties in other countries
as well. I think it just underlines how deeply uh so many people want things to change, you know,
and and whether you’re from the right or the left or the center of the political spectrum, I think
it’s one kind of the one thing that is uniting so many people is that everyone’s kind of agreed
that things need to change. Um yeah, it is. But I mean it’s true. But then I do also question
what about these particular countries that have multiple parties that just don’t get stuff done
and it’s always they collapse, the coalitions collapse. Um yeah there’s the likes of Germany,
South Africa, Canada. Uh and also the question around there’s people questioning okay who is a
new third party going to take votes from uh and it could it be unfortunately lead to the uh scenario
where one particular party wins over the other and that party is not the one that particular
people want. So in the case of Elon Musk, I don’t know how he feels in his politics, but I
assume that he’s not too enamored with the idea of full democratic power of all houses of Congress,
right? Uh so if he goes and starts a third party and it leads to Democratic control because he ran
the party candidate who didn’t really get resonate with the um uh with Republicans or whatnot, then
then what? So uh yeah, it’s just it’s just an it’s a very difficult one to crack very at least in
the US. Um, but if Nigel proves it in the UK, that’d be crazy, right? I mean, it’s the first
the Lib Dems. Didn’t the Limb Lib Dems have No, the Libs have never won. They never won, right?
Well, the Liberal Party sort of Yeah. changed to the Liberal Democrats a long time ago, but I mean,
for the last, you know, century or so, it’s been basically Labor and Conservative, you know,
and and that duopoly has has remained strong. Um there was a coalition government a few years
ago with uh Conservatives and Lib Dems. But yeah, and and the electoral system itself makes it very
very difficult um for third parties to get a to to get a look in. But yeah, like like I like uh like
the commenter pointed out, you know, it looks like at the moment um uh this new reform party could
indeed win the next election, but that is a long time away. Um, okay. Now, Cisco Kid makes a really
good point, and this is something we discussed off air. Uh, the possibility that all the movie,
all the BTC is being moved by uh James Howells, the uh the Welsh fellow who um yeah, famously had
his lost his Bitcoin in landfill. I’ve spoken to I’ve spoken to the guy before. I don’t think it’s
Mr. James Hull, first of all, because he’s his Bitcoin stack is way smaller than that billions.
I think it’s like at current price it’s probably around the 400 to 500 mil mark or something like
that. And I think that um wasn’t it all hope was lost because the government basically shut it down
in all way in in every way. Yeah. They were just like you’re not digging you’re not digging up our
landfill. Full stop. So far Yeah. Yeah. So far he hasn’t managed to persuade. It’s it’s a it’s an
ongoing saga. He’s even offered them like I think up to 50% of it. Unless some of the wealth city
councilors are secretly at night pulling out the the diggers. We want that bitcoin. Yeah. It’s
like we’re not going to share. We’re going to find it find it before you. Um there’s been a few
suggestions for um for who our production team who could put put our faces on uh for next week’s
wall of um wall of shame. The wall of fame. Have you guys done Shrek and Donkey yet? Yes, we have.
We have. Yeah. Wait, was I always the donkey? You You were the donkey, dick. You were You were
always the donkey. Hey, look how like they confused as an animal than a like a female. Like
you always you put put your face in a female body. The rose the rose and um Rose Jack from Titanic.
From a Titanic that’s still it’s etched in my brain. It’s it’s it’s it’s never going anywhere.
It’s uh Oh, they’ve got Oh, they’ve got it on file. Oh, that’s Yeah. Well, there I won’t be I
won’t be sleeping tonight. Um uh Rusty Bot also has a suggestion. Um now, we appreciate the
suggestion, Rustybot, of Jules Winfield and Vincent Vega from Pulp Fiction. Some slight issues
with that. Um which I will uh I’m sure everyone can figure out. I I don’t think we can really go
that way. um as as an amazing a duo as they are. Yeah, to be honest, they’re gonna be cancelled
very quickly. That could be problematic. Um Darcy also wants to know um who who wants to see Rachel
and Monica. Darcy, the answer to that one is precisely no one. Precisely no one. Uh most of all
me. Um Mech 77777 guy’s voice is back to normal now. Yeah, we you know warmed it up. I’ve got a
mar that margarita that you got. Yeah. Yeah. Yeah. When I uh when I had to briefly leave the stream.
Um and um yeah, people asking if I can jump in the pool behind me. Um I haven’t got my I haven’t
put my swimmers on yet, so I couldn’t possibly do that. Um and uh someone else suggested I had
to like I had to laugh at this. 100x leverage on tokenized stocks also sounds sweet. It’s like as
soon as an innovation comes along, how can I get as possible? Open AI stock. I don’t care. Yeah,
you can give me private access to these tokens, but can I trade 100x leverage on Open AI? That’s
all I care about. Can I be as DJ as possible? Love it. Only in crypto. Um, meanwhile, Red
Mambberard. No way. I voted yes to Rachel and Monica. Oh, good grief. Well, you know, we’re
going to get you know that’s going to come now. It’s like we have It’s not like we vote for It’s
not like we choose this stuff. So, it’s probably now going to happen. I mean, great. I’m sure you
look great as Monica guy. Is that Monica’s right? Hey, look, you know that uh that hair is that
hair’s quite something. Um well, folks, if you tune in to next week’s live stream, then then who
knows what horrors you’ll see from our production. Um you know, that alone will be worth tuning in
for. Um so, uh I think that’s pretty much it for today, folks. But we appreciate you joining us,
Nick. It’s good to see you. Um Enjoy that pool. Enjoy that. Get that tan. Don’t forget to get
that tan, man. We can’t have you looking like a Yes, as many people pointing out, I’m
looking a little pasty as well. Don’t worry, I’m I’m going to go and work
on it now. Um, but uh yes, great to see you all and we will
be back next week. Cheers, guys. 5 minutes left. I should get a cup of tea.
Where are you tuning in from? Good evening folks. Love from Singapore. Hello from
Maldes. South Florida. Here Narnia. No, Costa Rica. The Netherlands reporting in
Russia. Here ya from Nigeria. Stand by. No, Costa Rica. The Netherlands reporting in
Russia. Here ya from Nigeria. Stand by.
