The BitSquad, we stay litigated, I guess.
I don't know.
Are we the Kardashians of crypto?
Who knows?
Alright. Bitcoin price jumps in the wake of First Republic Bank price crash.
- That is right. I don't know if it's related, - Here we go.
but right when Bitcoin was pumping, we saw FRB just tanking and losing all of--
wait.
I think this is going to show some candles too.
The price of Bitcoin spiked more than 3% in the last 24 hours,
actually, it went all the way up to almost 10% in the 24 hours,
as fears were sparked of another imminent bank failure
as First Republic Bank shares closed down more than 50% on the 25th, just yesterday.
The price of Bitcoin rallied immediately following Fox News Business reporter Charles Gasperino
breaking the news that bankers working with First Republic Bank expect the institution
to go into government receivership.
Uh-oh.
Data from Santiment suggests the correlation between Bitcoin and the S&P 500 may be dwindling
as the narrative that Bitcoin is a safe haven amid the banking crisis
began to once again gather steam.
Let's see.
First Republic began experiencing issues in early March,
which led to 11 of the largest institutions in the US, including JP Morgan and Bank of America,
depositing $30 billion at the troubled bank.
So they tried to resurrect it, injected some capital,
injected $30 billion.
It might not have been enough to save it.
According to anonymous sources,
despite them staring down the barrel of liquidity concerns,
US officials declared the deposits were "stabilizing,"
and it was not at risk of experiencing "the kind of sudden, severe run"
that led regulators to close down Silicon Valley Bank.
Unfortunately, these reassurances have proven incorrect.
They're going to lie to you about banks.
They lied to me about banks.
I kind of shared my story on--
I think I did it real quickly,
but I went to a bank and they said,
"Oh, you're going to open an account."
I said, "Yeah, yeah."
They said, "What kind?"
I said, "Set me up with crypto."
They said, "Oh, that's a scam. We won't do it."
At Truist.
I said, "Why not?"
They said, "It is not secure. That's what happened to Silicon Valley Bank."
So just lying out of their teeth.
And here, we're seeing a little bit more like,
"No, no, no, everything's stabilized.
It's good to go.
Trust me this bank is A-Okay."
Next thing you know,
stock tanks 50% in 24 hours.
For stock market, huge, huge.
Alright. Binance.US cites "hostile" regulator, yanks $1.3 billion deal to buy Voyager Digital.
The setup exchange--
the exchange set up by CZ to serve US clients has pulled out of a $1.3 billion deal
to buy Voyager Digital, the company said Tuesday,
citing a lack of clear regulations in the country for the crypto industry.
Voyager filed for Chapter 11 in July, tweeted in response,
"While this is disappointing,
our plan allows for direct distribution of cash and crypto to customers via the Voyager platform."
In March, they received court approval to sell its assets and transfer its customers to Binance.US,
overruling a January "limited objection" from the SEC,
which said the agreement lacked details on their ability to close the deal.
"Lacked details of their ability to close the deal."
Have they ever looked at their Bitcoin wallets?
Have they ever looked at their stablecoin wallets?
I don't think they lacked any ability to close the deal.
What they lacked was clarity from the SEC allowing them to close the deal.
So then, what do we see yet again?
Doublespeak.
Lies.
They're lying straight through their teeth there.
"Deezy looks like the driver for a Bitcoin whale."
- Well, okay, I'll take a Jason Statham any day of the week. - Yeah.
- I always take a Jason Statham. - Yeah. There you go.
- Top D, you know, is a common one. - Yeah.
I didn't wear the shades.
I thought about wearing the shades,
but my boomer eyes makes it a little bit difficult to see.
Alright. People must accept the fact that they're becoming poorer.
- Oh, gosh! - Bank of England chief economist here.
- Hey, guys. - Just take it.
- Just, look, suck it up and eat ramen next year. Okay? - Right.
- That's all I got to say. - You just need to accept it. You're poor.
You're poor and you're going to eat a mayonnaise sandwich.
And you're going to like it. That's all you're going to get.
Alright. In a new interview on Columbia Law School's Beyond Unprecedented podcast,
Huw Pill, heck of name there, says people of all stripes should stop seeking higher pay
- to maintain the lifestyles they are used to. - Wow.
"If the cost of what you're buying has gone up compared to what you're selling,
you're going to be worse off."
Well, okay.
"So somehow in the UK, someone needs to accept that they're worse off
and stop trying to maintain their real spending power by bidding up prices,
whether higher wages or passing the energy costs through on to customers.
And what we're facing now is that reluctance to accept that, yes, we're all worse off.
And we all have to take our share.
Instead, people try and pass that cost on to one of our compatriots,
saying "We'll be all right, but they will have to take our share too."
I just--
I can't help but laugh.
He's basically saying, like, stop trying.
You just need to, like, stop trying to live a good life and just let it slowly get worse and worse and worse.
- I mean, that's basically what he's saying. - Yeah, look, everything, you know,
the real inflation is like 12%, but you only got a 6% raise,
suck it up, loser!
You're more poor now.
That's just how it's going to be.
And that's how it's always going to be.
That's a loser mentality.
And I refuse to accept that mentality personally.
And I think if you're watching this channel,
you too would refuse it.
A glitch on Bitrue Exchange liquidates all XRP long positions.
That is right.
An exchange liquidated every single long position on XRP.
- Wow. - Wow!
Yeah, glitch brought that price down like a fraction, alright, of a penny here.
It's like almost all active long positions held by customers.
One customer's tweet indicated the price plummeted to $0.001 and immediately rebounded.
The sharp price drop wiped out virtually all active XRP long positions.
How did it not--
- I mean, is there like a someone technically in a 1X? - I have no idea.
Yeah, probably the exchange. I was going to say, where's Sam and Caroline?
They're trying to recover their funds to reopen FTX.
- Look out. - "Look out." Yeah.
- That's what it feels like. Yeah. - Oh, yeah, it's god mode initiated here.
Alright. Several customers on the platform have called for the team to investigate the situation
and provide a proper explanation.
The event reignited some negative sentiments,
raising issues around the trust that capital users have in the exchange.
Bitrue is yet to respond or make any statements regarding the glitch, at least on Twitter.
Guys, there are four types of luck.
And we're in crypto.
We want to all get lucky.
We want to get that memecoin, you know.
We all want to be lucky in life.
We want to be lucky with wealth, our health.
We want to be lucky in love.
We just want to be lucky, right?
We just want to be lucky in general.
Well, there's four kinds of luck.
I'm going to break it down real quick for you.
First kind of luck is blind luck.
That is just, you walk around.
Just something random happens.
You didn't do anything about it.
It just happened.
It's blind luck.
Some would call it fate.
That's the weakest kind of luck.
The next level is a stronger type of luck.
That is hustle luck.
That is you just by your sheer energy,
your sheer movement,
you're stirring things around.
You stir these things around.
You can create more additional luck.
Now, we got the third time. We're leveling up.
And that is concentrated luck.
That is purposely targeting luck.
That would be--
the example that came to mind when I was like stirring around is like,
I'm at McDonald's, and I found a scratch-off ticket.
It was worth $100.
Blind luck.
Hustle luck,
you know what you're doing?
You're going to every gas station,
and you're checking the parking lot every single Saturday night, you know?
Alright, now, you got a little hustle luck.
Then there's targeted luck.
What would that be?
That would be you go online,
you go the lottery site, and you say,
"What store sells the most amount of lotto tickets and which one is next to a liquor store?"
Now, you're concentrating your luck and your targeting,
and then you're going to be even more lucky than the third person.
Then there's the fourth and final luck, and that is where luck comes to you.
And that's where you're so good at whatever you do,
people will seek you out.
That means, "Hey, I'm a lotto company, and this guy, all he does is talk about scratch-offs.
He has his own YouTube. You know what I'm going to do?
I'm going to give him 100 tickets so he'll scratch it off on his channel for me.
I'm seeking this person out."
The example I gave on the basement was shipwreckers.
You're so good at it.
You're the only person who goes deep sea.
Guess what?
James Cameron comes to you to look at the Titanic.
And that is the fourth kind of luck.
It's where people come to you because you're so good at what you do.
That's all I got.
Let's choose to be lucky.
Let's make our own luck.
Let's all get rich together.
Let's all get happy together.
Let's all get wealthy together.
We can do it.
All you've got to do is hit the like button!
That's all I got.
Deezy out.