Transcription
What is going on, lunatics? Thank you so much for tuning in. Uh, let's talk about what's going on in the market right now. There's a lot to unpack. We're not going to take a whole lot of time on it. I'm going to show you what needs to be known right now so that you are aware of how things are playing out and the lay of the land and what to be looking for over the next couple of days. It looks like we're going to go through some kind of dip. I'm not sure how deep it's going to be or if we're even going to get that dip. Narratives tend to play a big deal in crypto. So, hit that like button and let's go.
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Okay, so number one, Cynthia Lumis says that Congress is close to passing the crypto market structure legislation. That is the biggest deal in cryptocurrency that we're looking for right now. That is the thing that matters the most to everybody in cryptocurrency right now is getting the Clarity Act passed. So, uh I think that they think that they're very very close.
Now, uh we also had a jobs report here in the United States and the jobs report did not meet expectations, but it was not bad. uh which is bad for rate cuts because if the job market is starting to pump a little bit then that means that rate cuts are probably something that they don't want to do or at least this conservative group of people like Jerome Pal they don't want to do so uh as we know more information will let you know and also finally in 2 days the Supreme Court will rule on whether the Trump tariffs are legal if you're not in the United States you might be asking yourself why is that well because we don't have a king we have a president and the president doesn't make tariffs Congress makes tariffs. Trump made tariffs under the support of Congress, but that's not the same thing as Congress setting tariffs. So, [music] um there there could be a bump in the road here. We'll keep you informed.
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5.8 billion have been burned over the last 7 days. You know, it's be that big uh Binance burn. Other than that, hasn't been a whole lot. 56 million yesterday. Whatever. We need a big number. Uh looking at the chart, however, we have we're we're kind of breaking down again. Today was a very bad day. Went down about a hundred billion, but we're up. I want to say, let's call it about 200 billion over [music] a week ago. So, you know, all is not lost. We're not in a horrible shape here. There was a need for a correction back down a little bit and today was the perfect day for them to take advantage of you and to and to do that. So, uh this was the moment where it happened. Now, we'll see how this market goes. Again, I don't know that we're not done. We could see another dip or some more dip, but we'll have to see how that plays out. The narrative is an interesting thing and you're manipulated. That's really what this comes down to. You're always being manipulated by these markets. So, [music] um it's just a manipulation event.
Volume down to 18 million, down 45% on the day. Uh volume on USC down 71% down to 3 million. That's not a great sign. Finally, this is coming up right here. A proposal to update Terara Classic Lunk USC website link to terara-classic.io. io. Um, and then support design and development of Tira-Classic.money2.0. So, there's a lot of people who seem to think rightfully, I don't know if they're the people for it, but rightfully uh they we need identity. We're the only top 200 crypto that doesn't have a website. We're the only top 200 crypto that doesn't have leadership of any sort or structure for leadership of any sort that provides direction. So, you know, these are bad things, by the way. Uh they're not great things. And look, I know some of you are like, "Well, if it's fully decentralized, it's awesome, bro." Well, you tell me. Is the price awesome for you? Because if it's not, then you're full of it. Uh what's awesome is when people work together in tandem to make something happen and like-minded people come together and coalesce into a strategy and a plan. And we don't have a strategy or a plan right now. just a bunch of people in a bunch of different places doing a bunch of different stuff thinking that something's going to work. So, we'll see what happens here.
In the meantime, I want to thank you guys so much for tuning in. It is so important that you guys support the channel uh so I can continue to provide you with this content. Hit your like button, hit your subscribe button, hit the bell to be notified of future content. Make sure that you consume it when it comes out. It's not financial advice, but I'm always