THE $ETH ETF IS OFFICIALLY APPROVED!

Transcript

hey bankless Nation this is the E ETF live stream it hasn't happened yet okay just approve it we don't know whether the ethereum ETF has been approved or denied we do know have you seen that candle though yes uh my God what is up with that candle am I sharing my screen are you seeing this screen you are sharing your screen yeah okay so uh the reason we're going live with this live stream is the most prob time we don't know what else to do yeah the most probable time was between like 3:30 Eastern today and probably what like 5 or 5:30 yeah startor like 3 5 3:30 to 5 is like the most likely window and we're and you have to go at some point right I gotta go at like 5:30 you have to go like 5:30 IDE and um we just have

nothing left to do I mean like Twitter is like eerily silent Twitter's so eerily Silent People the only thing that people have left are memes um uh Josh can you double check the screen yeah okay you got it yeah okay so we're not we're not showing the candle on screen right now but right now like just seconds ago yes we are right isn't this candle Josh is figuring it out in the background uh it went from 3,800 to 3,500 and now it's back up to 3,670 which is like when I saw that candle I was like oh it got denied and that's the that's the news yeah but like there's no news no one said anything um so what's happening yeah so what's up why are we getting negative candles does someone know something yeah you're on the edge

of your seat at this point uh in the market waiting for it oh sure totally that's our Jamie that's our Jamie for people again uh oh okay all right um Josh is am I showing it now God that was an insane handle my God yeah okay so what's Twitter saying no one's saying anything just refresh everyone is talking about refreshing refresh CMS intern just just tweeted out ah I don't news just a wound up

Market what was up with this candle though I don't know man that was insane dude I don't like this so um our local highs the highest we been a lot of Leverage right now the highest we've been on this news has been what 3900 yeah 3900 this morning woke up to 3900 and I was like oh maybe they approved it but no just the market Mar I have never seen eth so incredibly volatile right now like people are on the edge of their seats like people are in denial about it getting approved like I'm highly convinced that it's being approved but I'm also having PTSD generally and I'm like like but what if it's not look man when I when I'm looking at like a 15minute chart then like something's wrong because like I didn't Ryan never

looks at the part of the I feel a vested interest in this David because um we just did an entire rollup show this morning like for people who don't know we have to record our weekly rollup the day before so we have time to edit it and everything else and we just did the entire show as if the ETF had been approved so right if it's not because that's what all of the information is pointing towards now is the time for it to get approved now happen if it gets we are going to get absolutely roasted because I I just don't care at this point every everyone is we are only giving out the consensus takes right now like the consensus take is it's getting approved yeah right now but then if it's denied everyone would be like I told you

so you bankless who who saying I told you so no one's saying I told you so that's because it hasn't been denied even even the ETF boys are um are are saying it's gonna get approved I don't I don't want to be the laughing stock David that's all I'm saying should we get um should we get James safer in here should we message him this link I already did you already did okay does he know we're live um yeah I think he does you know okay let me try that again but if that candle was Nancy Pelosi dumping oh my God why would she dump oh she she knows you're saying yeah she if Nancy Pelos is dumping because she knows that it's getting denied yeah um can we talk about uh like did did that candle happen in other assets like how is Bitcoin uh that's a

good question uh the poly Market just dumped off too so poly Market Mark yeah here I'll send you a link in in Discord or where where do you want me to be sending you links uh in the document in our agenda doc okay I'm just doing it at the top here um poly Market went from 64% down to 42% it was 64% that was even high like my uh my confidence of this went from let's see probably like 5 to 10% last week right MH to Monday 75% just like in line with Bloomberg uh and then as the filings came in as the paperwork was filed pretty close to 99% this like

95% you know what I mean yeah um and for poly Market even at this stage in the game 70% we did open up this uh part of this live stream saying like Okay then the window for approval is between like 3:30 and 5 and so I I guess now as the minutes are ticking on and everyone's on like the edge of their seat like time time's picking like it has to happen by five or else what the [ __ ] did you see uh Benjamin Cohen's tweet where he did we do see the live we do see the live Strat uh what do I need to pay attention to you guys aren't saying anything yall are just chatting wait are who you talking I'm talking about talking to YouTube talking to the YouTube um did you see the Benjamin

Cohen survey he did uh from his followers which is basically like yeah uhuh uh as of this afternoon is the ethereum ETF going to be approved or denied it was like 5050 wasn't it something close to that yes it was way too close it was way too close somebody's saying out a six hour delay sixh hour delay six hour delay on what I don't know about these uh the market signals right now we are one intern tweet away from like jumping the gun on something somebody's getting liquidated on the short or the long side I don't know there is is a hair trigger right it's like I feel on a hair trigger if you see something tweeted or

if you see a news report um obviously we should mention it but then we should take some time to actually validate it for me the validation comes from like James safer Eric balunis somebody with the Bloomberg uh terminal somebody who's looking at the filings directly who can verify this I'm not like a crypt Media Company tweet is not going to do anything for me yeah it shouldn't for you I think the six hour delay thing I'm trying to figure out what the six- hour delay thing is is that like um Mart do you know who Marty party is no a six hour delay from Marty party maybe that means like the decision is happening in a six hour delay well

who's saying six- hour delay whoever Marty party is somebody tell me who Marty party is can someone in YouTube drop me a link to something six SEC decision six hour delayed I'm sorry if it's delayed by 6 hours it's getting approved imagine that wait they not going to delay it 6 hours and then deny it are we talking about 10:00 10 p.m. Gary Gensler is literally going to wait until 10 p.m. to I can't wait that long it's annoy check in uh daily grade Discord okay going to the Daily grade Discord pric is and trading find that Alpha David Marty party SEC says they're postponing the TF decision for six hours

here I'm sending it to you in our doc okay it does I guess this live stream will uh well who the [ __ ] is Marty party and what the hell does he know update Marty party says update uh who is Marty party Marty party is a crypto commentator and host of X spaces he's in he's in a Twitter space right now that has 430 people in it SEC says they are postponing ethereum ETF decision for 6 hours yeah but what does he know how when like what's that information no idea do we have to go into his um Twitter I go Twitter space like we're live streaming us being in a Twitter state if I if I knew Marty you know then

maybe if it's getting delayed by six hours it's not because they're denying it it's because they they probably need like some other like some of the issuers to get their paperwork in well the markets is the Market's not pricing Market jittery like I'm sorry you feel jittery I feel jittery like I feel like this chart right now this is my fifth cup of coffee today and I I you know that's a lot I've been on a two to three coffee plan so I I don't know why I'm jittery exactly um how's the eth discount window that's still at 7% that's a good question that's another prediction Market here it's been about I don't think updates very fast though it's still where I checked it this morning

which was 7.2% maybe because I have to like register for this website to get the you know pay well yeah not doing that um yeah this is the Calm before something yeah very very quiet except it's not that's not calm I'm not calm Marty part is getting like 500 likes on this tweet here so yeah but he's also because like he's only um oh okay so this did happen I'm gonna send you another another link this did happen a second ago um this is from James safer there's another 194 B Amendment for the grayscale mini ethereum trust that just dropped not sure if this will be included with the other filed ETFs so maybe there's like a buzzer beater going on right

now everyone is trying to get their paperwork done in time yeah sort of thing teach teachers like collect the homework um but like yeah the problem is the teacher just like told everyone it was due on Monday on Monday right right right right right right that's when they like so I bet these companies if if the SEC truly did in about face I bet these issuers had a lot of catchup to do we're not prepared for this and are scrambling to try to get their paperwork together yeah yeah yeah super fiz Marty party is not a source he says uh triangle banket guys I've been listening to you guys for one

year straight every single episode do I get a prize uh I don't have a prize ready for you but I really appreciate it brother do you have Alpha do you have Alpha though you get a prize whoever has Alpha it is a priz okay this is the James tweet there's another uh 19 B4 Amendment for gray scale mini ethereum ETF trust that just dropped still not sure if this will be included with the other filed ETFs so uh James doesn't know what's going on yeah there's no one no one knows [ __ ] right now okay but like are you surprised that the market is just 7%y I think the market the market is not done at like we went from $3,000 ether $2,800 ether up to um up to where we are now

almost up to $4,000 uh the market is not done pricing in the approval that's totally [ __ ] coming I don't think it's started yet I don't think it's it's barely started it seems like we might get another God candle like so the market is not priced in an approval all right let's let's zoom out look at this candle you were talking the roll up this is like the biggest is this the biggest in ethereum history the biggest green candle or candle in general General in ethereum history in terms of it's not like like percentage wise but like in terms of market cap added in a single day yeah exactly dollar value was like this is a 90 billion Market candle right here um 90 billion when has added in the last like four days since Monday that one

candle that one candle was $595 okay so times like supply of eth right whatever that is right but um yeah that's that's a t back up to 61% approval which is still too low still too low I'm not comfortable with that not at this stage we're minutes away potentially maybe hours away so that six-h hour delay thing is that a thing unconfirmed unconfirmed this is that no one has ever seen who that whoever that Marty party is as a source before all right well this could be what it's getting a lot of likes though but like no one is asking so some people are asking for a source and another person says listen guys Marty party has the inside scop

from the US Government which is kind of like my attitude yeah I would like to know why that that's a thing huh uh you know price just make its way up is this a is this a green candle forming I mean like there is a No Man's Land going on between it looks like 3,600 and 3,800 where like no one no one knows what the shit's happening David wait is something happening pumping it's pumping oh yeah it's going back the other way like like there's there's no signal right now all right there's no all this is hilarious I never look at 15minute Char shorts and Longs are just getting liquidated for like no reason all right so nothing nothing really happens until officially here remember

last time uh was it with the Bitcoin ETF um what happened didn't did the sec's Twitter account get hacked and something like was tweeted yeah the coin Telegraph Twitter account was hacked God no no it was actually secter hacked yeah and they approved it like 24 hours ahead of schedule and then Gary gendler had to say uh it's not been approved but then they just approved it like 24 hours later which was weird as hell yeah um people in our Discord fear is the mind killer that's a great great use of that phrase right now oh my God yeah come we're at the

come on do something stage like yeah I can't believe Our Fate depends on this man right here yeah this man down here yeah sec's Office closes at 5:30 but you got to go right yeah I gotta go right right before that oh my God during times like this you just look at charts you your Twitter timeline I'm just scrolling through all of my discords and be like well this one has nothing well that one has nothing nothing well this one has nothing when it happens it'll happen across every single platform all at once yeah yeah yeah um what time do markets officially

close is that 4 o'clock or 4:30 4:30 430 like Trad markets it's funny like people are saying like yeah they they'll release it when like markets close so they don't manipulate the markets I'm like uhuh like wrong markets people that's not how this works yeah I mean the the the real market for this asset is the market that is 247 and never shuts down it doesn't take bank or holidays and uh it's not who cares about equities with respect to an ethereum ETF but I guess they're still trained for equities aren't they just like part of their process yeah so I guess that's another um possibility here that this drops within the next 10 minutes or so which is like or shortly after if it

wasn't going to drop at 4:00 which it hasn't I mean oh ER Eric just retweeted something El junis 19 seconds ago update update there is no update yet what thank you Eric come on Eric but actually that's helpful because he's saying he's basically saying no to Marty party yeah exactly exactly update there's no update yet we are waiting to hear something saw two different people here claiming is delayed without saying their Source till later tonight we can't confirm this with anyone yet that's all we know right now yeah so this this price volatility Neath is just everyone just being so jittery yeah I'm going to retweet this just to like get the what I consider to be the real information

out okay so like 4:30 in 10 minutes he like I don't know I don't know how you think it's like Gary gendler's like okay let's do this or he's like okay 4:30 like we will tweet like that it's approved or something should we monitoring what's the SEC Twitter account because that's where it'll happen right yeah probably the SEC website how do I find sec's Twitter account um SEC gov yeah SEC gov wow that's I see a surfboard was one of the first things I see when I go to the SEC Twitter you see surfboard look at all

that stock footage stock photos never stop learning is what that CC says especially when it comes to protecting your hard-earned money uh imagine getting your investment advice from the sec's investor.gov huh what kind of financial education they're providing here during older Americans month okay oh look they have a section on crypto assets David you want to click this this is the first time I've ever looked at the SEC this is investor.gov so it's apparently like I'm sure taxpayer payer funded um investor education year you should know that those who are offering crypto asset Investments or Services may

not be in compliance this is what they say at the very top of their crypto asset investor section uh with applicable laws including Federal Securities laws okay I think I think this is the website I just put it in the dock I got this from hannu in our uh YouTube chat who's a regular regular attendee of our YouTube chat I appreciate that um sec.gov newws Spees hyen statement all right that's the real thing that's what you refresh and I look you look for the statements yeah assuming there's going to be a statement about uh the ETF I'm going back to investor.gov though are you seeing this this is their investor educ entertained yeah this is their

investor education pay imagine a strapping young aspiring investor is like I want to learn about investing and then they just go consume all of this content I want to learn about crypto assets and they go here and they watch some Gary gendler um influencer video like crypto Securities laws and what does the SEC have to do with crypto and they're fully educated after that okay hey it's dram says Rand neuter also says six hour delay I'm 100% sure that ran neuter just got it from Marty guy I'm think that's all that's all just like fake News why do people do this well the market is so jittery they're looking for anything I know but like don't show that tweet what tweet the James safer tweet from like like six months ago saying

it's just not happening guys or whatever that's not six months ago David how how long ago is that Friday are you kidding me oh my look this how things change um this is uh James safer one of the blue mer guys on May 17th when was that is that Friday May 17th that was six weeks days ago well at Friday evening uh it's just not happening guys sorry I mean granted that's what most people thought no I get it it's just crazy how quickly things have developed here right we went from it's just not happening guys to like

um is a this is a legendary tweet here I think like um here's a pretty funny tweet that I'm sorry I'm asking you to put on screen but like what else do we have right now [Laughter] I'm not GNA like it I want to like this SEC approves first spot ethereum ETF Source de nuts thanks trading Lord reliable source um oh I guess the other link is sec.gov Newsroom which I guess makes sense all

whatever someone will tell us has an RSS Fe Dan Romero tweets out the ETF is already approved on farcaster we're five minutes out from 4:30 okay so the on poly Market it was at 64% dipped down to 42% now it's up to 57% all still too low all way too low that doesn't make sense to me I feel like again like I'm in the 95% range here yeah like com today uh with all of the filings and updates with the

complete 180 from Bloomberg analysts with all of the political pressure um at this point why in the world would they here's a here's another new Eric bat's tweet uh he just replies while not confirmed a little delay isn't that crazy confirmed trading in markets was told 11th Hour themselves we think it's possible that even had rejection letters prepared so possible they need to finish writing it that said everything we've heard says it will be approved I mean this all this all kind of points to okay so do you have that tweet open can I see that again uh I just yeah it's here in the doc I'm

highlighting it we think it's possible they even had rejection letters prepared everything we've heard says it will be approved yeah see I don't thinking this it's getting approved stupid why is the market not doing anything because because so many people are in denial about this can you go back to Benjamin Cohen's uh Twitter poll um yeah I think I have it somewhere here this is it yes 55% says yes it will

be approved 44% says no it will be denied that is just the most offsides thing I can think of is it just the Market's underway eth is just like particularly crypto Twitter Nar just like the most hated asset right now it's got like no meme coins it's not cool it's got too many fundamentals well crypto Twitter is B basically it's just kind of like the narrative epicenter of all of um of all of crypto right and it did not expect this it's taken by surprise and is largely underway eth because the ethereum narrative has just like not recently been performing at all compared

to just about everything else yeah it was something about like Bitcoin dominance um I don't know I I stopped listening to Benjamin con a while ago not to not to say he's not worthwh listening to but I mean he's been he's been fundamentally bearish eth for a long time and like it was been correct to be bearish eth but he was like more bearish than what was correct yeah didn't he actually like apologize for that uh he just aded today that he was wrong about e what what's it where's his Twitter what's his Twitter account um I don't know let me find it I don't

know should I send this uh Riverside or uh stream Bo link to Justin Drake yeah look if just if Justin's right cuz he's been predicting this for a very long time right like didn't he bet did he bet uh Nick Carter of tungsten Cube yeah mhm yeah so if if uh if there is an ETF denial then Justin Drake gives Nick Carter a Tungsten Cube and of course if it's approved then Nick Carter gives Justin Drake a Tungsten Cube I've never just been like silent on a

live stream before Oh James safer tweet I'm imagining the SEC staff are all gathered in some room and are just laughing at their asses off as the anticipation builds [Laughter] up they're probably tuned into this live stream David just like watching us the just like watching us like squirm no big big bankless fans were there yeah definitely by the way this is what Ben said earlier I do not anticipate such a huge reversal by the SEC uh with regards to the spot eth ETF also one could argue that we always find a reason to explain why we get it wrong so uh to blame it on the ETF is coping Big L for me um and this

is the chart yep eth from 2021 all the way from 600 some dollars down like up to 4,800 all time high the 30 Capital blip brought us down back down to Triple dig under a thousand the blip well it didn't last long I mean I kind of thought in here somewhere we would be back to Triple digit and we never returned after was it June of 2022 and uh here we are not quite

alltime highs do do you think this propels us to alltime highs uh yeah definitely definitely I mean Bitcoin bitcoin's at all-time highs and Bitcoin will also be propelled by the eth ETF approval um so like I think Bitcoin could have hit all-time highs because of this and eth definitely will will get there um I think it's just going to take a long time for the market to digest because like a lot of people like don't there's a lot of people there who like don't want e to do well you is that really true I mean I seem like that but I think so I mean like that's what's in the Ben Ben Cohen like Market thing why is everyone in the chat saying approved don't trust him not yet no

offense chat we just need triple verification on this one it's really important we got almost 5,000 people watching this right now that's our biggest live stream ever well I feel like this is the most like I guess maybe feel like this is a boring live stream like it's crazy like this is the most most watched and most boring live stream that we've ever done well I love the people coming into the YouTube comments saying eth is trash while we're watching like an eth potential ETF approval like you're in the wrong room yeah does does does your shitcoin have an ETF huh

yeah unless you're from the Bitcoin Community yeah shut up okay it's past uh 4:30 here yep 4:30 everyone in the chat is saying approved come on they're pranking us yeah uh what was that tweet you sent earlier this week it was like a uh like um spoofed Gary Gensler denial tweet or something oh yeah yeah yeah I was yeah are you trying to go find that uh

if you've got it I don't want to I don't want to look at that again I know whereever it is people are gonna take a screenshot of it and it's gonna circulate on Twitter all right um I think that was in our pulse channel oh my God our pulse channel is so big right now price just uh up and down oscillating confused drunk walk drunken walk what was this this is this all the way down this chat is insane dude I've never seen a chat so active play The gendler Deep fake video I'm

going to need a link and then we'll play it uh well we're chatting do you want to talk about the issuers here okay sure look at these we got vanc we got Arc Kathy Wood oh is has vanak intern weighed in on this at all what do you mean weighed in like sent memes yeah no I haven't seen so many good memes for the Bitcoin ETF um hash de I don't know who they are never heard of him gray scale of course mhm Invesco I guess that's Galaxy huh Galaxy yeah that's novag grats he's very excited he says more people own crypto than own dogs in the US I don't know if that's true but I like to think that's true 85

million I sureel yeah that's a big one they're uh number two right in terms of Bitcoin ETF um ey shares Black Rock Franklin Templeton did I miss Black Rock I don't see it here BL Rock's in here right that's iar that's that's iar right of course of course and then bitwise Matt Hogan you know uh we're booked with Matt Hogan tomorrow so yeah yeah yeah tomorrow this get when this gets when this gets approved let's start being confident man like when this it's 100% getting improved it's 100% getting improved um I heard I heard heard if you guys like And subscribe to the bankless

channel um our chances of approval that's right like Pro crypto Army likes and subscribes to the pro crypto YouTube that's how this works um Pro crypto Army had a great week in DC oh my god did you see the bill that W that got approved in the house just now the anti anti cbdc the yeah ban on the cbdc yeah there's Tom emmer just like another like cherry cherry on top I can't believe I know all of like these members of Congress just like by name like oh that's Tom emer's bill or like that's Patrick mchenry's bill I have watched more C-SPAN during my cryptocur like like than ever I just it's a lot of C-SPAN too it's super

interesting though because it feels like we are and I say we I mean the crypto Community like we are able to actually make an impact in DC yeah yeah and it feels like all of us sort of uh United all were there were there were there like Bitcoin salty Bitcoin people that were antie ETF salty bitcoiners that were antie yeah I'm sure that there were really I didn't see any of this like I just I don't need to delete that uh here here to satisfy your vanc um intern itch I just put one in there thank you C randawa in the Bist Discord all right let entertain the people here study never giving up that's all that's all you get that's all you get all right back to Nick Carter okay what do you

think is the next ETF after eth um I I have my answer yeah yeah like well first can we um can we set the context for when because I heard I I watched a CNBC clip and it's like a CNBC you know talking head whatever came on and just like I bet Soul's gonna be next like and like right next right and so if started trending on Twitter is like like Soul ETF chatter a buzz after after the eth news I um I can't like it's crazy to me because this feels incredibly uninformed uhuh in terms of the process and the gates you have to go through I

mean it took Bitcoin 15 years to get to an ETF dude okay upon asking that question the chat just started blowing up I'm basically seeing link Bonk Stana tether Pepe dot these make no sense dud Doge should be the next do that's my answer doge is the next it's either Litecoin which is like sadly an acceptable answer but I don't really care for it but like Doge would be like the timeline that I would enjoy yeah I mean we're still under this regulatory overhead of that like we don't have the fit 21 bill in place so we just don't know what sufficiently decentralized means so we have Bitcoin as a commodity we have ethereum as as a

commodity pending the ETF approval and then after that who knows but but the big step is you have to have a a spot Futures ETF and like where is that for any other asset right I I don't think it happens this cycle I think it's very clear that a lot of crypto Twitter doesn't know that like first you have to get the spot Futures ETF because that's the thing that feeds in the data about Futures to spot correlation and you need multiple years of data to prove those correlations so first you get the Futures then you get multiple years of data and then you can apply for the spot which is not guarantee of approval it's like a three plus year process yeah it's a long ass process it does not happen overnight just because the theem ETF is

uh approved does not mean the SEC is just going to open up the floodgates um even if there's a new SEC chair right post you know um election results like sometime in 2025 it's just going to take a long time so um you got Bitcoin you got ethereum those are the ETFs this cycle it that doesn't mean down Market won't benefit because Capital Recycle recycles Capital recycles I mean like the mcoin Mania really got strong after the Bitcoin ETF yeah it's not that hard to buy other crypto assets you know outside of fidelity and like that that's all we've ever done right like you just so people will do that for sure D Coin ETF yeah nice one evil Jordan do you want to look at the CMS Holdings tweet yes I do while

all I know is it doesn't take an extra six hours to say no that's what I'm that's what I'm saying that's what I'm saying um uh go there I'm highlighting a tweet in our doc you want to pull the the latest latest TW oh F first this though um I just saw this this the Michael sailor video three years ago or just three weeks ago three weeks ago oh sorry oh three weeks ago ethereum will not be approved Michael sailor this summer it will be very clear to everyone that ethereum is a security wow really three weeks ago it will never be wrapped in a spot ETF it will never be accepted by Wall Street nor institutional investors Bitcoin is the one universally accepted institutional grade crypto asset there

won't be another one no Michael sailor said this three weeks ago yep yep damn so he thought he had like the Bitcoin regulatory Mo going on totally uh this is uh Nick Carter um I I did see this I didn't know that that's where it came from but uh Nick Carter says the Sailor Doctrine is over Bitcoin isn't special because of regulatory capture eyes is cheering for the SEC loss today he was talking about Monday with probabilties of ETF skyrocketing Bitcoin success isn't pre-ordained and it still has to compete in the free market in on Tech I didn't so to answer the earlier question there were a ton of I guess some uh subset of Bitcoin Max blist who just thought that a lot a lot of Bitcoin

Max just want crypto to die like not not just ethereum but just like all of crypto and then there's another subset who's like the the barbell thing of just like don't bother with ethereum just like Bitcoin for your money and salana for your execution and then there's the bitcoiners who are just like anything that's not Bitcoin is a scam that's hardcore yeah all right what's this tweet it's all it's all I got you're reading this you're reading this uh breaking SEC delays ETF decision until the second you look away from your computer but you got to go man I'm sorry I do gotta go I feel like five o'clock could be another round number for us so I don't know if you want to wait until then oh God that is coming up isn't it um let me take it how long what's my

commute time you think this is a clown show this is a clown show oh hello wow that's the SEC I can wait until 5 I can wait until 5 uh and what happens if we don't have it you got to go we stream will cut and yeah we'll try to figure out how to record an episode maybe later or something uh the daily gay Discord would request that uh you pull Anthony cesano here or uh Eric Connor or somebody to continue um

Anthony sano's got to be asleep right and has he come back yet uh I don't know I don't think I don't know if he's come back I haven't seen him tweet you gotta find me a co-host David I co-host but I can't can't do this forever I gotta like eat my family I can't do like a hour delay can't just be here is there anyone watching still dude 5,400 people are watching this isot watching ask ask the chat who should replace David oh they all want Anthony uh that'd be great but it is uh the ass crack of dawn I think in oh is a sleeper wake him up this calls for it

it's big this big biggest day of your life Anthony um I think the the daily guers would love to see Anthony this would be a historic 180 uh I know we talked about this tweet on the rollup but it would be a historic 360 don't say don't say that yeah politically driven let me go back to the prices the prices aren't doing anything 3700 we're hovering 3715 yeah everyone please hit the Subscribe

button just thought I'd say that did you see Jim bianos take here uh yeah I didn't totally read it it's basically uh Bianca says this the bigger story The ETF gets approved is that this was unexpected regulatory relief that accomp oh yeah I 100% agree with that so I'm not sure if it's the bigger story but it's also it's also a very big story it's the bigger story within the eth ETF he says it's just this unexpected regulatory relief which uh I mean obviously for the last two

years crypto's been under ridiculous amounts of regulatory pressure around the world but particularly in the US right right totally yeah I mean like pull up the uni chart we talked about this on the weekly rollup but no one no one here has has heard that take yet um the chart is the only token that I know of that's like associated with the ethereum brand that's like kept pace with ether so it's actually held its value versus ether uh and that's because like well the SEC like pumped this week along withum it pumped this week in dollar terms yeah stayed flat in ether terms um and that's just because like the Unis swap is unlike other assets in the sense that it's actually it is also

um like correlated to the reg the pressure of the regulatory Bo it's a bell weather regulatory risk type asset right and so if the regulatory relief is getting priced in then it benefits ether benefits uniswap benefits everything in crypto to be honest um operation choke point over we got Sab vote repal uh waiting on Biden he's probably gonna veto it I still think that's the case I think that part of what the Democrats are doing part of what the White House is doing is with this e ETF approval is like throwing us a bone I mean because imagine if he vetoed Sab and then also gendler same week uh

denies the ethereum ETF right and that's like if you believe the crypto vote is strong if you believe there's 20% uh in swing states of Voters who care about crypto then that could cost you the White House and so you you kind of like blunt that veto by uh giving us the ethereum ETF can I uh do a conspiracy with you I don't actually I think this means absolutely nothing but we also have nothing else to go on uh so click this link that I'm highlighting what is this link okay okay so this is a 404 page which you previously would have gone to

if you were to go to uh the next link that I have there which is uh secg News Press relase 2024 number 64 but it is that page is no longer a 404 page now that page is temporarily unavailable so what was once a 404 page if you go back to 63 it's the most recent news statement out of the SEC and so they populated page number 64 wait wait wait wait do you get what I'm you get what I'm saying no Okay so we've got these which is where we're expecting to see it right uh no that's Spees and statements you want news oh SL news just slash news blank yeah I think

so yeah this yeah and so that's the most recent one that if you click that one that takes you to slash 63 yeah yeah and if you do 64 what if I do 62 is that the one before it takes you to the yeah the recent one yeah so go to 64 now go to 65 see what happens if my theory is correct it should say 404 yeah so so like that that is reserved for the eth approval or denial or approval the URL is sec.gov newws SL press release press you know what's gonna happen now like 5,000 people are going to load up that page and then

we're going to dods it and then we're also not going to be able to see it command R command R it's still unavailable hurry up everyone P ping the webmaster at sec.gov who still calls their uh they're tech tech team the Web Master I guess government huh could be any time though could be any time hang on James safer just just tweeted you have just notifications on for all these guys yeah I do yeah how many of you if you were me would just have tweeted out fake news by now just to mess with the market and it's a poll I would or I would not since I'm bored let me go participate in

that huh let's see if James has replied hey James I was like hey you can come in the Stream um I would never the entire crypto industry has just been you know glued doing gluing doing nothing for the past like hour I mean the devs are still building right they're not watching no devs are ever no one's building right now what about Drake is he

building he's not coming on the live stream even though I send him the link yeah probably busy probably busy building I was going to wait for some bull case scenarios here do you want to hear one yeah that Evans Evans Street was pretty [ __ ] good Well here here's one that I liked I might like if this happens soon I might repeat this but look at this when the Bitcoin ETF was approved 900 million was added to its market cap if e if eth gets one fifth of that it will trade at 11k per coin I don't know how he does that math like I'm not sure that's possible math to do you like you don't know what

the demand is beyond beyond 5K I told you it was a bull tweet don't think about it much sends with you are not bullish enough here's um do you want this Evan this Evan tweet or Eric okay I don't know if this is oh this is I think this is a credible person here's a new tweet for you if you're wondering why the SEC is delaying this is somebody's um this person is a known known reporter I think

um it's not saying who these DMS are like from or two but says this I just talked to one who described this Administration as a bunch of clowns okay talked to an issuer I assume I suggested they would probably approve 19 B4 and slow roll S1 approval to give is isers time to get their [ __ ] together he said if they are saying complete operational disaster no one is ready no one has been spending time on it the SEC has signaled denial I don't know what that means though because like um like of course they weren't ready they got called by Biden on Monday or Sunday or something to say that they didn't need to approve it the uh approval interpretation of this tweet is yeah exactly what you said

they got that call they weren't ready no one was ready they had signal denial the entire time up until Friday they got the Friday weekend call right saying we're gonna lose the White House if you if you do this from the Biden campaign to the White House they got that call the pivoted on Monday and started informing issuers that they need to update their docs and no one has had time and the SEC which maybe is generally an operational disaster I don't know no comment on that uh is an operation disaster with like a timeline to try to get all of this done by Thursday so maybe that's what's happening yeah somebody in the the bank list Discord does doesn't Bank List have

Hester purse on on speed dial just call [Laughter] her ah imagine P the Hester's descent if this doesn't happen it will like RI the internet yeah study never get giving up I don't know nothing's happening thanks to all the 5,500 people who have watched nothing happen with us for the last 50 minutes well David's got David's got till five I don't know if we have another guest to uh tap in here so uh we may need to cut the stream early I don't know yeah it was fun are you back later tonight David yeah I'll be back maybe actually I don't know

space bucks David reading the chat on air yep uh I'll be back got uh but yes I have to do one more thing one more errand all right well text me uh if um you like you're available to come back and we'll try to bang out an episode hopefully with some approval news after all of this but we will wait till 5 yeah we'll wait till five we got six minutes ice ice Bergie we need to send bit boy to thec office immediately hey what happened to bit boy like I got arrested right oh God you're out of date uh yeah he got arrested uh I think oh yeah and then he got P he got in a f he did a boxing he's one of those crypto influen he did The

Karate combat he did the the karate combat is the same league that I do against the guy who did the Harry Potter so Sonic Obama Eno 420 token tier sign Bitcoin uh and then bitco bit boy beat the [ __ ] out of him dude he did dude like he put up a pretty good fight I think he was kind of losing going into the last round but like at the last round like bit boy like put on a show dude well now that now that you are trained um how like how do you rate his uh boxing quality did he have endurance or was just like uh had better endurance than I would have expected him I can't be big boy he's like twice my size oh man that's

funny here's a rational take here in all seriousness this really shouldn't be that difficult eth Futures ETFs were approved by SEC last October combined with grayscale legal Victory ons spot Bitcoin ETFs last year this is all so simple what are we even doing here I mean this is kind of what we've all been saying right but the reality is for people who say that the 180 wasn't political oh my God the reason I I completely disagree with that take is because um the existing lack of approval was already political everything that Gary Gensler has done and SEC have done with respect to crypto has been politically

motivated like they are suing five crypto companies right now because they're subservient to the anti-crypto uh Army under Elizabeth Warren like it's all been political so of course the 180 would be political too right it's not just like no we were always planning to do this um it's all been political Gary is a political animal the SEC is a political institution been completely co-opted by politics a court judge called his actions the SEC the actions of the SEC with respect to disapproval of the Bitcoin ETF arbitrary and capricious you remember that line yep it's been political the entire

time and it continues to be and so if the anti- crypto Army starts losing politically and they're under threat to lose votes to lose donors then of course they going to 180 it's always been political yep totally it's stupid though G can only climb the ladder of politics if his administration is in the in office yeah but also what are we even doing here I have to ask myself about this stream [Laughter] too oh we've never done a show like this we usually have like a pretty robust agenda and talking points and like things we want to cover and now this is just like got nothing for you well we have another Milestone at five o'clock

so we got three minutes and maybe something happens then cool cool um what about take that big Trad five won't buy eth yeah that's I thought was a really good t uh good tweet for sure uh this is Evans six it's too complicated these guys are too conservative they don't understand it it's that's some of the take is that even if ethereum does get an ETF um institutions Trad five won't buy it right wrong are these real are these real quotes from like Carl Ian and uh Ken Griffin and stanle pretty egregious if they were made up I think they're

sourced yeah I think they're sourced like it's not like these quotes were made in the last week or so but Ken Griffin ethereum will replace Bitcoin that's a youy name yeah uh prefers bit ethereum over Bitcoin it's store of value in a payment system Stanley J Miller predicts ethereum might eventually dominate Bitcoin Ray Delio he owns both Bitcoin and eth Jamie Diamond uh believes ethereum has use cases he's of course always called Bitcoin a pet rock he's been wrong about that of course right Paul Tor Jones uh calls ethereum an industrial digital asset Larry think all about tokenization we know um I think they come and board the ethereum train

like real hard yeah yeah it's just like a matter of like is the demand for the eth ETF outsized in comparison to its market cap and price sensitivity than than Bitcoin and you're only really going to know that after the fact like Bitcoin previous alltime high was 69,000 nice and then it touched like 74,000 it still really hasn't like found price Discovery if like eth gets its ETF and it Rockets up to like 5,000 and then get gets to like 6,000 if if e eth gets to 6,000 post ETF I will say that then the ETF was better for eth than it was for Bitcoin but but 6,000 still pretty far away we almost made back that candle that we started the enti insane

candle honestly that might be one of the fastest drops in eth history I've ever seen here it is Gary Gensler taunting us again you remember when Gary gendler put on the um the what were those what are those sunglasses called the deal with it glasses yeah yeah for April Fool's Day yeah so to me that was him admitting guilt because he was he's just trolling the industry it's him it's him admitting that he knows exactly what he's doing exactly exactly and yeah and you can't do anything about it that's why this feels so good is because it actually feels like we can do something like we are holding accountable yeah uhhuh know

that he's so bitter right now this would be the most bitter approval vote ever yeah yeah yeah that's right he has to vote Yes yeah I forgot that they have to vote yeah he has to vote and he has to put a statement out as to why like the again reading the statement it's going to say this has always been the process right I was always planning to do this like it's going to be a whole bunch of [ __ ] but you know it's going to kill him inside oh yeah actually really hurt oh we're back up to 66% on the uh po Market oh okay cool um here's Marty party again coming back great five coinbase institutional

transfers to new wallets of 20 million eth in a matter of minutes someone bought or removed 30,000 I don't think that matters I don't think that's relevant because because like maybe this was relevant if the ETF was actually going to go live at approval but that's not what's happening all right uh 501 David here let me go back to that page you were telling me about refresh wait something new it says 404 now no you're at oh really 64 yep mine doesn't say 404 mine says temporarily unavailable uh it's here let me go to 63 yeah 64

404 now that's funny I'm at that same link and mine does not say 404 mine says page temporarily unavailable not that it matters yeah I mean it's no new information yeah contact the Web Master contact the Web Master all right man you calling it you want to give it um till 505 yeah 505 let's do it balunis what you got no update yet hold on let me see if James has anything got nothing it's really got to

be like this huh it's quiet the window that I heard was 3:30 to 5:30 oh oh ether price just pumped can you pull up the Kraken chart okay you know I actually don't need the ETF to be approved I just need the price to pump I mean those two go together yeah I think you're going to need that in order to get the price pump we all deserve what 15minute candles okay that's pretty good 3,860 that's pretty good What's um the most recent what's the

all-time high this cycle um just now 3,900 we haven't hit 4,000 the cycle have we yeah we have we were 4,000 in March oh God I have PTSD March 11th we went over 4,000 uh there are tweets going out that it is approved shut I would like a source shut up I would like a source is it Marty party it's even worse dude Phoenix Phoenix news. iio yeah okay but the price is going up price is going

up Elanor terret says I'm waiting for the SEC press release yes we are all waiting for the SEC price press release yeah of course that that'll be the place so it's on this page wait damn I lost my page I love how Phoenix news says approved well what the [ __ ] do they know what is Phoenix news David not believing it until Marty party tells me it's true here's a here's a good tweet well he does say this might be

true uh Marty party the SEC has uh 1 p.m. Eastern to approve or deny maybe that is that is where they're getting the 10 p.m. that's so annoying they're probably if it doesn't happen at 5 or 5:30 it hasn't happened at 5 55 right now the next like it could happen at 10: or like right before 10 [Laughter] can you pull up in that three oh

god wow fake news you know spread like w Wildfire I'm not even going to repeat this one what's the price doing damn price is good but right now it's just it could might as well be the other candle just in a different direction why does it do what it does on the 15 minute um poly market up up to 80% can you explain the 15 minute to me does someone know something well I don't think anyone knows anything why did poly Market just shoot up to 80% I don't know look at this 10 cents 10%

chance a week ago um open up Eric bis's Twitter that's James balunis nothing nothing God so much fake news out there God damn it is was there a fake balunis yes I saw a fake balunis approval tweet it's not happening right now David it's going to happen yeah of

course it's gonna happen it's going to happen today this is ridiculous dude do we just blueball uh 6,400 people and shut down the stream right now I don't know I I want to like go eat dinner and spend some time with my family and stuff we just resume at at 9:30 p.m. um yeah why don't we do that dude the sex deck Arbitrage going on right now as some block Just Got Paid 28 ether for sex de ARB sex de sex de yeah yeah why don't we resume later all right so hopefully gets approv see you at 9:30 in four hours yeah just ping me so so guys uh maybe everyone who's listening here first of all like And subscribe

appreciate you being here it guys we got to go do things I'm sorry we have to go I you guys uh man the screens for us okay and let us know um I'll be checking my phone don't don't James safer Jam safer Twitter jfer Twitter we were about to log off I can't I can't deal with another false alarm David it's approved shut up let's let's [ __ ] go let's [ __ ] go let's [ __ ] go James get him on get him on H get him on the podcast Jam come join us all right tweet at this

I I want James to come here right now actually I shouldn't publicly tweet this link should I why are you in here twice why are you in the Stream twice sorry I'm click I'm clicking links uh let's he joins wow okay what do we got for Price do you still have to go why isn't it up more I do have to go Eric balunis just tweeted out confirmed this is it let's [ __ ] [Music] go oh that's right that's great that's great I love how you keep on wait wait

wait uh hat tip Phoenix trades it was the Phoenix news thing I'm sorry Phoenix trades I'm sorry I'm sorry I'm sorry well done you were you were feeding fading Phoenix trades over here media account here Phoenix news. give him a shout out now wow wow the SEC just approved spot ethereum ETF what a turn of events it's really happening here's the uh let's go to the press release is the why is the price only 3,800 $1 okay we beat the press release there's nothing publicly posted yep here's a DB 10 tier 10K tweet he just tweeted it out so this must be coming in

some sort of like terminal they have access to or yeah something something something some um like special place they go to let's [ __ ] go uh why is the price only 3,880 that needs to go higher well what poly Market are people still in disbelief yeah po yeah poly Market okay 79% chance you can get free 20 cents there's free money going all around here there's free money on poly market right now it seems like there is uh free money on The Ether e investment that's maybe like a I guess you can't buy that because it's

closed Market's closed it's after hours yeah but the best the best place I think ARB is this eth price man this is has got to take eth to alltime highs or this Market is a scam maybe it is a scam but easy I would I would buy this all day wow huge absolutely huge wow that's great uh this is a van Spencer tweet that we read this morning I'm gonna maybe read this the eth thesis has always been that there's far lower supply of eth than the market realizes due to years of burn Ethan reaking staking and eth locked in Def nfts Etc and that this Supply and balance will

manifest when a demand shock hits a jump in eth demand would be a catalyst to reflexively push the ecosystem to overdrive more fees more staking less eth Supply more flows what ethereum has been missing this bull cycle is like demand the supply side like the supply story is really strong right the ultrasound money story it's just been missing demand so I think the bull case here is that the ETF propels the demand hell yeah that's crazy unreal what a [ __ ] week dude ah what an insane week it took how long eight years we're eight years ethereum is eight years and 10 months old and it went from that it went

from Magic internet money programmable computer thing that no one understood to where are we now market cap of you know 400 billion 450 yeah 450 billion in eight years yeah and an ethereum ETF approval issued by the big Banks uh issued by like trafi it's super cool very impressive yeah big day I gotta go all right guys we're gonna have to end the stream there thanks for hanging with us thanks everyone glad we glad we were able to watch man good timing see you later everyone for