BITCOIN: EMERGENCY STREAM!!! BLOODBATH (BINANCE; AI FAIL; HOLY SH*T) Transcript, AI Summary & Key Points

00:03 Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And holy crap, guys. Today's crazy. Today's crazy. Bitcoin went all the way to 76 yesterday. We're back to 78. And the amount of news is quite insane. Let me try to summarize to you what has happened. Number one, of course, Binance hacked. The biggest hack in history. $5.6 billion gone.

00:24 Fully gone. Some of it was recovered, some of it not. We will be discussing that. That's number one. Number two, Poly Market hacked. Absolutely hacked. All within 24 hours. Binance hacked. Poly Market hacked. Also during the same 24 hours, you did see very very very bad reports from Intel. Intel collapsed uh 20%. Okay. And Amazon also dropped like 7 10%.

00:54 We're going to be discussing that. I I will show you the exact numbers. But all in all, this whole ecosystem of AI during the last few days with bad Google report, you see how much Google dumped here yesterday and it will continue uh lower and bad Amazon report. Let me bring you up to Amazon. Amazon report is really really creating a bit of an issue for NASDAQ.

01:19 You see the Amazon is going to open up way way lower and NASDAQ as an index it is on the brink of the bare trend which of course for us is very important to keep an eye on let's see if we close bearish this uh this Friday or not but if NASDAQ goes bare we will have to adapt for example by switching into S&P which is more bull just like we did by the way you remember when lighter went uh bare trend we switched to hyperlid and that was a very good decision Because hyperlquid now is like pushing new highs while lighter I

01:50 mean who the hell knows what lighter is doing. Remember here just a few weeks ago at the beginning of October we said it's time to move from lighter to hyperlquid. Why? Because bare trend is the same thing. But what's the point of having lighter in a bare trend when hyperlquid does the same kind of app the same kind of use case but big fat bull trend.

02:06 So the same thing is going to be with NASDAQ S&P. We're not going to be in bare trend. We're going to readjust. But uh Amazon wrecked, Intel wrecked, Google wrecked, potentially bare trend in NASDAQ, Binance hacked, Poly Market hacked, all within 24 hours, and the Trump administration is ordering a bunch of Papa John and Domino Pizza to the Pentagon.

02:36 Okay, Pentagon is going heavy on Domino's Pizza and Papa John. What does that mean? When do you have elevated demand for Papa John and Domino Pizza in the middle of the night at Pentagon right before they attack some country? So, just as people saw an increase in the demand for Papa John and for Domino's Pizza around 700 p.m. Okay, you did see the Pentagon pizza report flashing the the alert the alert these guys.

03:14 I mean, isn't it crazy? You're there in Iran. You're Ayatollah or you know, now they have someone else there. Ayatollah was taken out and then Americans they eating pizza. They attack Papa John's and Domino's pizza. It's you don't mess with that. You don't mess with that. So yeah, let's see. There is there is some concern here now that the pizza index is flashing.

03:40 Yeah, there is some concern that something's going to happen. So earlier afternoon spine several pizzeras nearby the Pentagon are reporting above average traffic. But why they do pizza guys? I I don't understand. You eat pizza, you become sluggish. You become How you going to do the war with freaking pepperoni pizza in your mouth, you know? Well, you're sluggish.

04:03 You're like half sleeping. They should do healthy ball. Healthy ball. They should do Pokeball. Why don't they don't do Pokeball? Man, if I would be Pentagon boss, I would tell everyone no more pizza. How how we gonna do the war where you you don't even fit in the chair, man. You you look at your your dimension and the chair is so small and your dimension.

04:24 So why? Because you eat Papa John and Domino. Instead would open up the Pokéballs. Pokeballs with good vegetable, fresh produce. Way better. Way better. But yeah, let me know guess what you I mean, as soon as I eat pizza, guys, oop, you know, when I was when you're younger, you can eat pizza. It's nice. It tastes good. There's no effect. Now, guys, I eat pizza.

04:44 Oh, yo, we're going to go sleeping. I'm You become ah, no way. No way, man. Anyway, so long night warning. Are we going to be in for a long night? Pentagon peace report is reporting highly normal traffic. Defcon check. What's uh So, yeah, keep keep an eye, guys. We have a lot we have a lot to say. Welcome everyone who's watching live. Big shout out to Guzman for time stamping us today.

05:07 We're going to be updating you on everything. There's this amount of news haven't been in a very long time. I remember last week we were complaining uh we were complaining that um that there's no news. You remember last week we said crypto is slow, new cycle is slow. You know, you know what they say, be careful what you wish for. It's too much now. It's too much.

05:24 Guys, go to the newsletter below. Very, very important. Each and every morning you get a nice fantastic Bullmay newsletter fully fully free. Subscribe by going to bullmay.comsubscribe and say thank you to Guzman but also I mean to me maybe you also say thank you. We do stream here every day fully free. Play is telling me Ivan what's happening Ivan do stream do stream do stream do stream.

05:50 I do the stream. I do the stream. So you're welcome. Thank you very much. Looking at the inflow. So yesterday, amid all of the craziness, still positive ETF inflow. Okay, still positive ETF inflow. You have Hyperlid pumping like there's no tomorrow because uh Draen Miller is collaborating with Hyperlquid and basically bringing the per tofi. So ICE which is this this company that New York Stock Exchange that that owns New York Stock Exchange.

06:22 ICE inter which is intercont continental exchange. Sorry guys my intercontinental intercontinental exchange they own New York stock exchange and now they're also launching trade.xyz which is based on hyperlquid which will bring per and hyperlquid tech to all of the retail all of the trify retail. So obviously that's massive and Draen Miller is tweeting about it and obviously it's a big thing because hype is up like 20 22%.

06:50 It was very very nice pump. We're going to come back to that. In the meanwhile guys let's speak about the uh Binance hack approximately 6 billion is hacked. They say North Korea as always whenever a hack happens they say North Korea. Uh maybe it is North Korea. is always hard to say, but I don't personally I don't like that as soon as something happens instantly it's North Korea because when you say it's North Korea, it means that there's no need to investigate.

07:16 There's no need to look into whom who who else could it have been? I don't like this knee-jerk reaction that it's North Korea as soon as something happens because if it's North Korea then it's ah okay. So nothing to do, nothing to investigate. It was North Korea. What can you do? It is what it is. It was Kim Jamun again. You see, so I don't like when they say it's North Korea so fast.

07:39 Let's see. Maybe it is not North Korea. Maybe if it's some insider, maybe it is the team, maybe it is someone else. Don't say it's North Korea. I mean, they may look similar, but there is a difference. Whether it's Chinese or North Korean, look into it. Look into it properly. Who is there in Binance? Who who has access to laptop? Don't be so quick. Don't be so quick because as soon as someone they say North Korea, okay, okay, that's it.

08:04 That's it. That's it. That's it. Isac says, "Yo, Isaac from Nigeria says, why why not say it is from Nigeria?" Exactly. Could be, could be. But yeah, let's see what's going to happen here. But 6.3 billion is gone. Okay. Some of it money has been frozen and going to be returned. But it's not that simple because the hacker was able to move through DeFi and convert a lot of the stable coins into ETH.

08:29 So that's very important. So uh the biggest assets that got hacked is uh the USDT of course you have RLUSD you have all these different assets about 2.5 billion at the explorers prices this was in the beginning but then it grew to six billion altogether this guy who is he is Microsoft Metanet says we stand with Binance and everyone working around the clock as one member of this industry we know moments like this um are when we need to come together and and Sin kumbaya bitcoin itself is unaffected.

09:04 Yes. So you survived war with Iran. Claris act being blocked. The first fed fed rate hike in three years. Treasury yields multi-deade. Strategy selling call card exploit. Binance exploit ledger exploit. You see people moved from self custody into Binance guys. The only the only person standing now is the ETF. It's the only thing that's not hacked up until now.

09:26 And you know what what we say? We say very clearly that we're bullish in a bull trend in the bull market. Now, Bitcoin is still in the bull trend. I mean, it is what it is. We're still in the bull trend. We're still in the bull trend. So, we're bullish in the bull trend. And by the way, a reminder that FTX was the bottom last time. So, if Binance is wrecked, FTX was also wrecked around Q4, four years ago.

09:47 Time flies, guys. But it was already four years ago that FTX got completely destroyed in Q4. So, Binance wrecked Q4. Now FTX Q4 four years ago. Let's see what's going to happen. Now Anom, this is not the real Ansom. This is like a fake Anom that has the Ansom handle, but he says that he's not affiliated with like the famous Anom. He's saying this fake fake Anom is saying that he thinks is the real the real damage hasn't even started.

10:15 A bit of FUD. No one even knows who this guy is, but he has the handle at Anom. So yeah, let's see what's going to happen. Jessica Walker. So uh this lady works in uh Binance. She actually had her own podcast before but recently she is she is with Binance. So she's saying regarding the security incident there are many questions about the technical details based on information currently available.

10:37 We will clarify a few points. This is not a case of hacking into one computer and transferring money. This is not an incident that could be carried out through a single device. The hacking of an employes computer was the starting point of this attack. Attacks targeting crypto institutions are usually highly targeted and attackers often try to use complex.

10:56 So basically she's saying this is more complex than someone forgetting to log out. Okay. Number two regarding whether engineers have excessive permissions. This is not an instance where the attacker directly use the permissions. So she's saying everything is basically way more complex than you guys think. You plebus you think it's simple. It's not simple.

11:14 Facts that can't that can be confirmed at present. No evidence of wallet private key leakage has been found. Regarding user fund security, all losses caused by this instant will be fully recovered by the safo fund and company funds and users will not bear any losses. About three billion inaffected assets have been frozen on chain cooperating with law enforcement agencies and blockchain intelligence.

11:38 So they have frozen withdrawals and deposits. So if you have Binance, you cannot withdraw. Uh also something very important here is I'm still studying it myself. I need to understand fully the situation. But apparently uh some of this money was let's let's read what this guy says and then we're going to see some corrections to his to his post. So he said the following that first Tether froze 1.5 billion in USDT.

12:01 Then Circle froze another 800 million in USDC. At that point it it looked like the hacker's money was trapped. But apparently he had already planned for it. instead of holding the stolen USDT in a wallet, he allegedly deposited it into AVA and used it as collateral to borrow E. So this is interesting where if you have money as a hacker, you put it in DeFi, you borrow against it.

12:28 Even if they freeze your stable coins, still you have ETH, which is uncensorable. Okay, then he walked away. That's where the story gets crazy. Tether can freeze USDT sitting in a wallet, but it cannot freeze ETH. he already borrowed. So now AVA is left holding the frozen collateral. So it's a bit of FUD around AVA. Um so but it's not fully correct.

12:53 Let's see the correction here. They described a deposit use only 60 million USD as collateral to borrow uh 20K ETH before Frieza hit the main wallet. So smaller. So it's a smaller exposure for AVA according to the community note 60 million. Let's see. Defi dad was saying a is not holding frozen collateral they hold a USDT a separate contract from USDT cannot freeze but I guess USDT is backed by USDT a USD must be backed by USDT that is frozen also if ETH moved just 4% or so the position will be liquidated uh but yeah

13:24 but the guy has ETH the guy has ETH he will not return it he will not pay back the loan obviously so anyway something to keep an eye on here we don't know all of the all of the details or impact for ABA but listen if I would be in ABA I would I would just withdraw to be safe. I I don't know what's happening here. Do they have uh the bad, you know, the toxic USDT from the hack that was used to borrow?

13:47 I mean, who the hell knows? I'm not going to research before being safe. Okay, first safe safety first. Have like ETH that is uncensorable. Okay, good. Then we research what's happening. A are you okay? Maybe you're okay. I mean, who the hell knows at the end of the day? We first secure, then we check what's happening. So, that's with the Binance. Uh Binance is uh yeah uh let's see what's going to happen here.

14:11 But uh Binance is trying to fix it. At the same time, guys, at the same time, Poly Market also got hacked yesterday. So one of our third party providers was compromised. They use a script on their website. Uh what what was the script? It was debug bear. So they use debug bear, some kind of thirdparty script, I guess, for ensuring that the site works and there are no front- end issues.

14:34 And that uh uh script got hijacked and malicious code got inserted into this third party script. And so malicious code was running on the on the poly market website that drained 2.7 million. Okay. The cyber apocalypse is not just about critical vulnerabilities. The main risk is chaining vulnerabilities across supply chain. So in this case the issue was that they use this you know debug some analytics uh script and that one got compromised and of course if you run a script on your website and that is compromised it can

15:12 go from just analytics to have some permissions and u let's say replace what the user is doing instead of the button the trade button trading the trade button becomes a drainer. Okay, an analytic script could potentially reprogram what the buttons do on a website because it's JavaScript that is executed on your website. So again, instead of the button being connect wallet, it says connect wallet, but now it's is drain wallet.

15:38 It became a drainer. So yeah, we do have a bit of a spooky Halloween today, guys. I mean, oh, what's happening? What's happening? Crazy. AI coming and wrecking every it even wrecks German law. A bit random guys, but this guy used LLMs to find inconsistencies and vulnerabilities in the German legal system. So, as you know, the lawyers, they just invent new laws.

16:06 Politicians invent new law, law after law, law after law. A lot of them contradict each other. And look here uh according to this guy he ran the German um the German law book through LLMs and found that the these vulnerabilities may enable access to confidential documents travel without an otherwise required visa enforcable leave for soldiers at NATO JC whatever that is similar to computer systems the law the written law can contain vulnerabilities and invite is that invite exploitation in our blockers which share

16:46 selection of the vulnerabilities. I mean that's interesting basically hacking the legal system. Okay, legal exploits may emerge at scale. In testing this hypo, we have identified a substantial number of vulnerabilities in the German legal system using L. Oh, guys, this is this is going to be crazy. This is going to be crazy. What what can you do which is fully legal that people have not been thinking about?

17:10 Access to confidential documents. For example, in brief, a rule that makes certain documents confidential may be void because the government failed to site the legal basis it needed to make that rule. Okay. The legal basis for this provision is what the amending regulation must so they they don't they don't have it or what they don't have the basis.

17:32 potential expert. A journalist investigates why Germany's medical expert advisory council declined to recommend recognizing certain cancers linked yada yada yada the association. Anyway, you can you can read here uh more about uh this but it's it makes sense to me that in the law book the boomers forgot that some of their laws contradict each other and there are endless ways to act on it.

17:57 Okay, to act on it. Maybe someone is going to find a way where you have a big gain in your portfolio. you don't have to pay tax. Is there is there a loophole? The I mean the claw LL if you are in Germany ask LLM is there some loophole where you can like get lower tax maybe there is something that we don't know only the rich knew because they have a lawyer that knows the loophole now with LLM anyone anyone can know the loophole.

18:21 So guys, a lot a lot of stuff. Uh the hacking, we discussed Intel, we discussed um oh another important thing is that House Democrat have introduced a resolution that Congress should not bail out AI firms in the event of a financial crisis and should be subjected to the ordinary bankrupt process. Okay, they're saying no bailouts are coming. No bailouts are coming.

18:49 So yeah, if you look at the stock market and there's an issue with AI, Democrats will not bail AI companies out. Okay. Uh probably also some of the you know one of the reasons another reason why uh NASDAQ is dumping NASDAQ is dumping towards the the flip level. Um what else we have? U this we read um let me say this calmly and composedly. Some guy from China.

19:18 This is the original. Boop. I will definitely increase uh the ratio to buy back even if means using the money from selling Google. What is he saying? From my perspective, the current price is worth buying. Oh, yeah. He he says he's bullish intel. Um okay. I mean, you can read her his Intel bull take. I mean, for me, guys, Intel, we don't touch it in Brendan.

19:41 Yeah. Who else knows what's going to happen here. O guys. No, no, no, no, no. O. We'll wait for bull trend. It's going to go super bear here. You see here, it's already bear, but it's going to go super bear. It's already bear here since uh 19th. Now, it's going to go super bear. That's why we respect the bare trend. I mean, someone maybe knew something here already.

20:04 You see here, it went bare trend on on the 19th. Did they know that the report is going to be bad? Maybe. That's why we we act on trends because trends show what the insiders are doing. If insider wants to exit, they need to sell. And when they sell, when they sell, what happens? We go down. We go bare trend. And then the big news hits. And now all of the players want out also.

20:27 So is this a good place to buy? H no. Not according to my system. Not according to my system. Now you should read the disclaimer now that we start speaking about the charts. Pause and read disclaimer. Crypto and trading are high risk. Results show no typical. I hold asses. I discuss. Do not copy me. Use your brain. This is entertainment and education not financial advice.

20:45 Full disclaimer in description. So the way I see it is that in a bare trend we don't touch. I mean if you really love Intel, you love Intel. Okay, maybe get it here when it gets to 200 week moving average. But uh yeah, it's it can be so weak also. Yeah, this one I I don't love Intel. I don't love Intel. It's not it's not a company that I'm not sure are they relevant in 10.

21:10 Maybe they are relevant. Maybe they're super relevant. But it's uh that's why we just wait for bull trend. When bull trend happens like here for example, you just wait for bull trend. Bull trend happened here. Boop. Fantastic. It went up a lot. It went up 300%. So good. Good. We're happy. We're happy. We don't need to be super convinced. I don't want to hold intel through bear and you know be there in the boat with them and be worried.

21:30 No, we're not worried. We're here. We're to ride the big trend and that's it. And that's it. And sometimes you have a fake out like here for example is a fake out. But that's also why we have the stop loss. fake out happens. Boop, you have stop loss. Boop, you're out. Good. Good. You're out. You can you can try another bull trend somewhere else. Fantastic.

21:48 Fantastic. So, you have all of the upside and you have very cap downside because of the uh of the stop- loss. Um, so Intel, we don't touch. Oh, guys, guys, we have small PP back with yet another a bit of a banger that I mean, this one is is a bit unique is this one is a bit unique. Let me play it to here. So, it's from the 80s. It's from the 80s. Uh, let's listen.

22:13 Let's listen. >> Bull Mania. A lot of people are saying it. Very smart guys. Laseryed guys. >> So, I looked into it. I needed a new partner. This is Brian. Tough guy. Look at that head. Brian, you're my muscle guy. These are the leverage guys. You borrow, buy coins, put the coins up, borrow more. Same shoot case gets counted four times. And if they can't pay us back, we lend them more.

22:39 What pays the loans? >> Number go up. >> Still didn't get it. So we went to see Michael. Michael the rapper. He wraps it all up and sells it off. Who buys this stuff? >> Grandma. She'll buy anything if you wrap it nice. Make it big enough. It can't fail. >> That's the most beautiful thing I ever heard. I want in. Oopsy daisy. What's happening? >> Wait, wait.

23:12 Nothing can't fail. >> That's the most beautiful thing I ever heard. I want in. >> What's happening? >> Borrowed all of it. >> And when the bill comes due, who pays? You. >> Me? I follow the mechanical rules. When grandma's buying, I'm selling. >> Is this a Well, listen. If grandma is buying in a bare trend, then yes. Then yes. If grandma is buying in a then I'm also bullish.

23:41 I'm also bullish. But grandma should not buy in bare trend. Then we're going to be selling on grandma. That's that's that's how it is. That's how it is. Okay guys, uh here is a bare take on um on um uh on uh Intel. You can read here. I mean, yeah. is the problem with this fundamental guys. Look here. Look here. Look. If you your life as a fundamental guy, you have to read all of this.

24:08 Well, what is this? Meanwhile, we the the the trend riders. How should we brand ourselves? The bull maniacs, the trend riders. We're already out. I mean, you see here it's it went bad trend here. So, and now now all of the smart smart asses of now you read all of this. Okay. Good luck. Good luck. what's going to happen earning this and there CPU 30% 80% 7.3 billion what the hell are they doing are is anyone reading all of this and makes decision all problems are happening right now the PC business is ah who the hell

24:43 who cares about PC business no one cares grandma should not care about PC PC business grandma should care about that is bad trend that's it let guys are you fundamental investor you you read all of this really you you read all of Oh, no time. It's no time. We see we see it was better already two weeks ago. It was better is better two weeks ago. So, uh let me just see if we missed something.

25:18 Okay guys, uh we missed of course the to go deeper into happy liquid. This is the real answer saying greatest investor of all time Stan Draen Miller. greater greatest businessman of all time, Elon. Elon commented something about uh uh Hyperliquid. Largest exchange in the world. All empathically empa. Oh yeah. And largest exchange is New York Stock Exchange.

25:39 ICE. They tweet about hype. All emphatically emphatically emphatically emphat emphatically. Right. So what is this complex English? Uh this guy he's his English major. What answer you know what is this? Use simple language, man. You say emphatically bull posting hyperlid on the same day. The future is bright for crypto. Yeah, true, true, true. Let's see.

26:07 Uh Elon Hyperliquid. I think Elon just said it's interesting. Yeah, look here. Stan Draen Miller is it's his first ever tweet. It's his first ever tweet and he tweets about uh Hyperlid and Elon Musk said Interesting. Interesting. There you go. There you go. Uh so we discussed that. Uh let's see more what what they're going to do here. So interconent exchange join forces with trader XYZ to bring PERBs into US regulated markets.

26:40 ICE and trade XYZ are planning new market for trading per futures contracts with own clearing KYC and ML. The market will be built on hyperlquids rails and use trade XYZ products tied to the price of equities, equity indexes, commodities and cryptocurrency and currencies. Ice parent of New York exchange is taking a stake and trade XYZ. Okay, good. Hyperlquid once a niche only exchange favored by crypto native traders has grown into one of the largest markets for pers also known also yeah for perpetual features also

27:13 known as pers. That's what we say here. Yes, the boomers are coming. The boomers, welcome to crypto. It's called PEPS. You are correct. Which are a part of leverage contract that allow we know that traditionally futures contracts allow investors to buy or sell an asset with a fixed price and expiration date. And they're used to speculate as well as to hedge other positions.

27:34 Per has no expiration date, trades around the clock, and is often used for leverage. That's what we like in crypto. Yes, we're more for leveraging more than like hedging some bet. We're more to go all in. We're more to go 100x in Ind indeed. Indeed. So, uh that's bullish. Then they had some bare article here from two days ago. Unusual oil trades detected on Buzzy offshore crypto exchange.

27:58 So, buzzy offshore crypto exchange according to Bloomberg. That's that's hyperlquid. So, just two days ago, Bloomberg was a bit concerned about Buzzy Offshore crypto exchange Hyperlquid. And today, look here. Look where we are. We're in the fine dining room with Stan Draen Miller and and Ice. Two days ago, we were buzzy offshore dirt crap exchange. Now we look at us now, man.

28:22 Look at us now. So, a trader placed over 170 million worth of unusual orders on Hyperlquid, which a market surveillance firm says seemed to be an attempt to manipulate prices through attacking known as spoofing. Exactly. the traders accounts and large orders in one direction then cancel them while simultaneously executing trades in the other on the other side of the bet.

28:42 The activity suggests that Hyperlid and the perpetual futures contracts it facilitates are not just competing with Stratfi but also opening a new route for misbehavior. There you go. There you go guys. This was two days ago and look at us now two days later we're with Stan Draen Miller. Okay, from dirt to Stan Dra Yeah. You see yourself guys that's it.

29:04 Crazy day. Crazy day. We follow the plan. The plan stays the same for us in terms of uh Bitcoin. In terms of NASDAQ, we obviously have to be careful if NASDAQ goes bare trend. And also and in terms of Soul. Soul messes with the bare flip. If Soul goes bare, then we we'll have to move away from Saul. Where are we moving? Well, I mean, hype is bullish.

29:28 Let's see other ones. Is BNB still bullish? BNB still bullish. If oh my god if itself goes bare no way no way again maybe it's a fake out maybe they just go bare and then bull again but for us you know we don't take the risk we we don't take the risk it's it's better to be in bull assets just like people asked when lighter went bare trend here people said Ivan you really are concerned about lighter look at how bullish it was the chart looks like look like this it opened bearer so people said Ivan what if it's a fake

29:58 out what if what if it just goes up again it could I mean sometimes there are fake outs Then we just enter when when it's bull again because we don't want to take the risk. And what happened with lighter? You see yourself. So uh we never we never mess with the bear guys. If it's bear is bear it's bear. We we don't we don't become romantically involved with assets.

30:17 We trade them. We don't date them. It is simple. It's simple. Trade them. Don't date them. Don't date them. So if Sana goes bare, we love Sena. But Sana needs to deliver for us. It needs to work for us. It needs to pump and work for us. If it goes bare, we go somewhere else. Maybe then it goes bull again. Okay, good. We're going to consider Salana again.

30:41 But you see, we need we need to have the Oh, yo, guys. Spilled coffee. Spilled coffee. One second. Let me let me get towel. Let me get towel. Let me get towel. Let me get towel. Let me get towel. One second. One second. One second. Look at this chart for now. And maybe you can entertain entertain people. I mean it happens sometimes. Holy crap. Oh, the good thing is it was not on the keyboard.

31:20 That's the good thing. That That's the good thing. That's the good thing. This happens a lot. It happens a lot, man. I mean I I spill coffee quite often. I can tell you that quite often. Probably three maybe four times per week. Not in this big way. I mean this is a massive leak actually here now. Here it's a massive leak. Oh yeah. Yeah. Look at all all dripping.

31:40 You see this all dripping. All dripping. Uh but in in smaller ways. In smaller ways. Three four times per week. Easy. Easy easy. Um that's why I have uh two uh keyboards backup. I have two keyboards backed up. a backup in case you know they in case they are too wrecked. I need a backup. Uh so I have two backups for keyboard and the good thing now I I switched it in away from the keyboard.

32:12 So that's you got to be thankful for the small things. Pen pen still working. Working. Okay, good. So actually the damage is quite contained just like the Binance hacked hack. They seem to be getting the money frozen and returned. The spill here is kind of contained also. It's kind of contained, guys. Let's see. Crap. One second. One sec. This is live television.

32:35 We do live television and uh let's see, guys. I think we're okay. We recover quite quickly. Let's land on network. It's down and then it's up again. Be here. Holy crap, guys. There you go. Okay, guys. I I I think we're back. We're We recovered fast recovery. But also, you know, I'm experienced. I I I have towel. I have with the coffee spilling, guys.

33:03 I I'm I'm I'm the world's best at coffee spilling. I have the towel raising. Why Why I think I have towel in the office here? Because boop, we have emergency routine. We have SOP, standard operating procedure. All of you guys who work in corporate, you know, you need to have standard operating procedure. So my SOP for a coffee leak is well defined and tested through you know I have a quite a good incident incident response plan here.

33:33 So guys we'll put it back. Let's go Q&A. Good. Do we do I have something here? Need more coffee. Let's go to Q&A. Holy Yeah. So you guys have questions or no questions? No questions. Go to your newsletter. Then go to newsletter now. Uh sign up for newsletter. Very important newsletter. Each and every morning boop with a coffee you get nice newsletter.

34:04 Um yesterday. So we're now going to time the newsletter so it sends when the US wakes up. So when is US waking up soon? It's going to be them. Okay. Okay. Let's go to Q&A. recovered from the liquidity event. Exactly. We had a big fat liquidity event here. Yes. Yes. When all season Oh, guys, you know, don't worry. Don't worry. We Everything will come everything in in due time.

34:31 For now, let's hope Bitcoin remains in bull trend. We're bullish in bull trend. I mean, there's still a big fall here, too. But also, guys, I mean, here's the thing with Bitcoin. Even if it goes down here, I would not be super bare. I mean, would I would derisk for sure. I would derisk for sure. But you see it's below 200 moving average. 200 week is like cheap price.

34:50 200 week is for Bitcoin is very cheap. Now it only works with like Bitcoin and the stock market and the S&P. I I don't buy anything else like below 200 moving average. Maybe you can apply it to big tech, NASDAQ this you know big things that will will not die including Bitcoin. Um so something to keep an eye on. So all I mean Bitcoin is bullish. We just had the year of the bear.

35:12 People are very concerned. Uh, I mean, we're bullish in bull trend. It is what it is. Bull in bull trend. Yo, Chuck. Chuck. 350. Is 350 a.m. Where? In New York. Why are you up so early? What? What you do? Questions, answer, debates. Yes. Yes. Ivan Binance release statement. Yeah, we saw it. We saw it. We saw it. Uh well I also I also read u Jess we read Jessica's statement also but yeah Binance published a uh u a post and then Jessica cleared up some things there with uh yeah so this what Binance published that they

36:00 that they had a compromised DevOps engineers laptop which allowed an attacker to gain access here. So according to this post, the attack was simple. They hacked one guy, one laptop. The guy got access to some infrared deployments and then Jessica came out and uh uh and and said that oh no, it's way more complex. It's not that simple. It's way more complex.

36:34 Sana's weekly transaction count past 1 billion crossing a new alltime high record. Yeah, hopefully it's going to hold it above a bare flip. Very important. Whatever transactions they do, it better hold them above the bare flip for now. It's above though. It's It's above now. And listen, when you have such an event like now, it dumps everything dumps.

36:56 There's panic. There's panic. Then it calms itself. The damage is assessed. Here's the good thing. Uh many coins are holding up quite okay. I mean yes some dumps have happened uh but not too bad. You look at the top 100. What has really happened here? Okay, Binance is down 5% 5% 5%. Uh this bit but it's a pump and dump that pumps up up and down a lot every day.

37:19 So this doesn't really count as a thing. Uh pancake okay pancake down a bit but you know it's not too much eight for for alcoin to be down 8% there's there's nothing. So all in all the industry is holding up quite okay I would say. I mean given the circumstances Binance hacked, Poly Market hacked, everything hacked man. Everything is hacked. Uh given the circumstances not too bad.

38:02 Oh guys, yes another news, another news. Micro strategy. Yes, yes, yes, yes. Thank you for for reminding me. Another news is Micro Strategy. I did ask Bulmania AI for it because uh I needed some help here. It was too much like when I when I woke up so much happening. So um I I have a news on that 100% here. Micro Strategy CFO is living running and running and running for the hills.

38:27 Some people say that that there he's running for the hills. Matthew Crater says there is a classic warning. A sudden departure like that is almost always a huge red flag. Think Enron, WorldCom, Lemon Brothers. Okay. I mean, that's one way to see it. Another way to see it is he needs more time with the kids or something. Okay. How you want to see it, guys?

38:50 We don't know. We don't know. I I don't know anything what's going to happen. So, we can speculate. I mean one way to speculate is that it's like Matthew Crater says another way to speculate is okay the guy maybe it's another reason so Andrew Kang is out of strategy uh as CFO effective on November 5th why so quick exactly so fast like a week why would CFO be running so fast the company framed as personal reasons with no disagreement oh but why so fast I mean if you are CFO, I think you want to leave fast if you don't

39:30 want to be associated. Let's say I'm CFO and I see the company is doing something really rhetorical. And I'm like, guys, guys, it's going to end bad. Uh, I don't want to be responsible. I don't want to be part of the company when it happens. So, let me exit very fast. Let me exit uh as A as so my name is not part of your dirt. Okay? I don't want to have any issues.

39:54 you guys want to do this, I don't want to do it. So, let me get out. I mean, that's a reason to exit very fast. You if you are a CFO, you know, you as a CFO, you have a lot of responsibility. You I mean, you are the one that is going to get a lot of heat if something bad happens. Let's say accounting is not fully correct or something is misrepresented or whatever.

40:14 CFO is the one responsible. I mean, see, obviously the management is responsible, but you know, CFO is I mean, you're CFO, your chief financial officer, okay? If something in the books not correct. So anyway, that could be one reason. I'm not saying that was what has happened, but that's one reason where CFO would leave quickly where he's like, "Holy you guys are going to do this.

40:31 Oh no, no, I don't want to be part of it. Leave me out of this. I'm leaving fast." Otherwise, if there's no disagreement and there's no problems, why not be more accommodating and have us, you know, normally there's like three months notice or whatever, especially for, you know, for a big role like CFO. Do you have one week notice? For a big role like CFO, one week notice, you have that I don't know.

41:07 So he stays on as a non-executive advisor. Yeah, but that that maybe okay maybe that's that's what what they're working on that he's going to be nonexecutive advisor. Maybe CEO Fong Lee runs finals himself until this December 31st on Jan. So all know we're just speculating. I mean honestly we don't know. Maybe it's all maybe it's all good. I'm just giving you one hypothetical scenario where CFO would be leaving fast.

41:33 Uh that that's what Matthew Crater is kind of hinting at here. Maybe it's all good. Maybe they just uh the guy wants to leave. Okay, he wants to leave fast. He got burned out. Maybe on January 1st, longtime ops exec become CFO, but only for the software side. Okay. Exactly. He doesn't want to touch this pondomic with Stretch and you know, Bitcoin. Like I'm not I'm not CFO for that I'm just for the software side.

42:06 We sell some SAS subscription. I can be CFO for SAS. This Ponzomic you guys do with Stretch and uh I'm not going to be CFO for that. Lee keeps. So Fong Lee the co he keeps the Bitcoin capital markets and treasury keys. The news dropped. I guys I mean probably it's nothing bad probably but you never know. I don't have micro strategy for many reasons but you know one of the reason is that you need to trust the guys the guys how they're going to run it who knows I having Bitcoin is the is fun enough you know it's volatile

42:43 enough Bitcoin can get quantum hacked you know I I have enough excitement just holding Bitcoin and crypto there's enough excitement to also have another excitement here with how the these dudes are running it I don't want Don't say we we're going down to 1K, but Mr. No say we have B out. Should T tornado cash be legal after this? Why would it? Tornado cash guy in big trouble still.

43:26 Roman storm he's still there. Yeah, he has big issues still. M strategy is the biggest risk to Bitcoin. It is a risk to Bitcoin. Yeah, it's concentration risk for sure. Guys, listen. Let's wrap it here. I think we have covered most of it. I don't want to dilute the stream more because we have the most important thing now is the Binance, the poly market, the earnings that came out of Amazon which are not good.

43:55 Let's maybe speak a bit about about that. Uh didn't really have time to go through. Let's quickly go through this AI capex selloff. So all of the companies that have big AI spend without business paying for it, they're getting punished, punished a lot. So earnings per share in Amazon is this uh and uh it was expected to be higher. Okay, this was the expected earnings per share.

44:21 This is was the actual earnings per share and and they are spending so much 2026 capex reaffirmed that 220 billion. So they're spending 220 billion mainly on AI and their earnings are not good. They got sold off. Amazon's trailing free cash flow swung swung to 40 billion outflow on a investment. So yeah, something is to keep in mind when you have free cash flow not good market dumps very very fast.

44:50 Uh Intel a big problem Q4 guidance of 15 billion to 16 billion revenue and 0.25 earning per share and that was way lower than expected. here the market expected 0.43 $43 uh dollars in um earning per share. Uh big problem. Alphabet this was already covered yesterday. The market isn't questioning a demand because the de demand is growing. LBS Google Cloud growing.

45:25 But is the negative cash flow that is the problem. If you have negative cash flow, you're borrowing or you're selling stock to pay for it. The market does not like it. Doesn't like it. Junk like crazy credit spreads on a borrowers. Exactly. Microsoft up 3.5 5% on Azure. So Microsoft has very good earning. They have they also spend a lot of on AI but they have positive free cash flow.

45:53 Asia dumping dumping dumping this Asia guys is super volatile. Super volatile. You guys who are in Asia man you're trading this your stock market is like a giant altcoin or something. is there's so many days you I wake up I see oh man Asia collapsed again crypto uh hype we cover this good ice hype dragon miller cover that good sailor uh CFO leaving sailor bull posting stuff as always u yeah so all in all that's it that's it that's it for now Guys, we're bullish.

46:35 Bitcoin, we're bullish still. Stock market, S&P, NASDAQ, we're going to be bearish if it flips bearish. What you do is up to you. Not financial advice. Anything can go to zero. Anything we say here can collapse or go against us. We manage risk. You have to manage risk. You have to use your brain. You have to thank Guzman for time stamping us. And and you should go below and subscribe to the newsletter.

46:59 Have a good day, guys. Enjoy Friday. Enjoy the weekend. It's crazy crazy time. AI is coming for us. It's coming for us bigly. Bigly bigly bigly. Hopefully we're going to be okay. Hopefully our magic internet coins are not going to be stolen by AI. Okay, but it's coming for us. But we're still bullish because trend is bullish and uh we just follow the rules. Follow the strategy. Follow the rule. That's it, guys. Have a good day. Goodbye.