Transcription
Welcome back, guys. So, today went better than expected. I know a lot of you guys, including myself, you know, we were a little hesitant about this coming week, especially with what happened last week on Friday with the tariff situation being overruled, right? And this morning, we started out pretty darn red. But guess what? Like I've been saying, don't ever give up hope. Even though it's September, historically it's a bad month. You know what? Bitcoin crypto found its footing and actually recovered today slightly. Of course, not all the way back up, but we did way better than most expected. Right. As of right now, Bitcoin is about a little bit under 112. So, it didn't drop any lower. In fact, it went up a couple thousand points today. Soul still very strong, right around 210, actually. And I'm going to tell you guys why ETH is strong and many others are strong today. So overall today was not a bad day.
Now in terms of the tariffs and oh by the way there's a breaking news too. But first things first the tariffs. Trump said he's going to have some kind of urgent thing with the Supreme Court. He's going to escalate this tariff situation. He says that America will break without the tariffs. we'll go back to a third world economy if we don't get it to quote him. Uh so he's gonna expedite things to the Supreme Court. So we'll see what happens. Now there's a lot of a lot of you know guesses what's going to happen to all the tariffs that's collected billions. Are we just going to give it back or what? So there's a lot of controversy around that. But overall today US market ended red because of this uncertainty and also people are afraid of what's coming up uh Thursday and Friday the jobs report and unemployment report. So today overall red but like I said Bitcoin crypto turned out to be green today turned out to be green today.
Uh what else? What's that breaking news? While the C FTC and SEC both chimed in, had a co- like press release that says that they are working to allow US brokerages to offer spot crypto like Bitcoin and Ethereum and Soul and others. They want like the New York Stock Exchange, NASDAQ, CME, all these big US exchanges, right, to offer crypto and then brokerages of course then will be off will be able to offer crypto. So you don't have to rely on just the crypto exchange. Of course, there are millions and millions of people, right, that are accustomed to buying stocks and buying ETFs. They have 401ks, retirement fund, all that stuff, right? This is one step closer in terms of getting all of them in the space. So that's pretty big. Pretty big indeed, right? Again, it's mindblowing to to see where the US regulatory bodies uh these authority figures are going with crypto versus just even a year ago, right? forget previous cycles just last year compared to now. What a 180 turnaround. This is part of the growing fundamentals. This is why even though sometimes we are a little bearish, why we may be, you know, a little a little down, a little volatile, it does not matter because overall the landscape is so much better. The groundwork is being worked on and everything is going to be so much better for all of us in the US and for around the world too.
All right. Now, Soul's having a really good day up back to 210. It was a little bit higher before, but clawed all the way back to 210 because of their new upgrade was approved. So, this is going to make Salana even faster. The finality time is going to be five times as fast. I think it may be even more than that and it's go going to test in December and going to be released in uh probably Q1 of 2026 right so you know even though Salana is way faster and cheaper than Ethereum there are others out there that are way faster than even Salana now because even Salana's technology is kind of old compared to these new chains but that's what Salana want wants to change it's upgrading itself to make it compete better and faster and cheaper. So I think that's the reason why Salana is gaining some strength right now and also activity is just picking up. That's that's really it right and everything else today did quite well mostly in the green. Not a big rally, but again, I think today exceeded most people's expectations because uh we didn't have a red day and we're starting out the month green. So, what's not to like?
Uh that's it, guys. Uh behind me, I told you guys, some of you guys paid attention to me. I said I was getting my car lift today. So, let me show you that. Uh got this done. Actually, I just moved it. It comes with these like rollers that you could actually put on the bottom. It's actually quite genius how that works. If you put those, you could actually lift up the lift and just move it around. But, you know, it's not bolted in. Uh, it's, you know, heavy enough where I could just stand here. This is from Benpack, in case you're wondering. A HD7W. And I can't wait to test it out. As soon as I'm done with this video, I'm going to actually drive my car on there and see how it is. I don't know if it's wide enough. It's certainly tall enough because uh my ceiling in here is 13 ft. So, this is extra tall. It should actually allow me to stand right underneath without needing to bend over, right? And it's just really for car storage. I don't think I'm going to be doing any kind of like um maintenance or anything like that. Maybe. I don't know, maybe if I get more cooler cars. And of course, that baby right there. That's my beauty, which I hardly ever drive. But that's going to be the first Canada on here. And then uh I'll see what I what I can uh park under it. And then the space under, you know, on the side here. Normally I have a car here, but I don't know if there's enough space here uh with the post here. I don't know. I don't know.
Anyways, uh that's it for this video, guys. Overall, today is a really good day and we may continue tomorrow. We're going to get the Fed Beige report. Uh and it just gives more insight into what the Fed is thinking, what direction they're moving and all that stuff. Maybe we get more clarity around the the the rate cuts. I doubt it. Next month or no, this month's FONC meeting, uh basically it's priced in. we will get a rate cut, right? It's really about what's to come afterwards. Are we going to get a rate cut in October, too? And then it could become October and then are we'll get one in December. It's really about the next two now. And maybe the Beij report tomorrow is going to give some more insight. Um, and a jobs report and unemployment report that's coming later this week will definitely give more insight into what we're getting.
All right, that's it for this video, guys. Smash a like, subscribe to the channel. I'll see you guys tomorrow. Usual time, 8:30 a.m. Central Standard Time.