THIS Is When The Crypto Bull Market Resumes! (Data) Transcript, AI Summary & Key Points

00:00 Holy moly, look at that candle on Hyperliquid. $91 on Hyperliquid on a day where the rest of the market's pretty red. In fact, yeah, most of the market's pretty red, except look at Hyperliquid. Hyperliquid's basically created a narrative. We're going to talk about this narrative today. We're going to talk about why Hyperliquid's up, why LIT is up, why Canton is up, why PIS is up, because it represents kind of where we are in crypto.

00:24 It's like out with the old and in with the new. And you cannot resist what's basically going on. Now you can for a certain amount of time, but eventually you'll come around and you'll get rekt. The Hyperliquid deal is actually a huge freaking deal. I don't really like to see it on YouTube because then the videos get limited distribution, but it's a huge deal.

00:44 The deal here is that the NASDAQ owner, the company that owns the NASDAQ, which represents old trading, NASDAQ is TradFi, traditional trading. The company, which is called ICE, has done a deal with TradeXYZ to bring perps into this regulated market in the United States, obviously using Hyperliquid's backbone, because TradeXYZ is actually built on top of Hyperliquid.

01:09 Now, the announcement, get this, it was announced not only by, I don't even know if Hyperliquid actually really announced it. Have Hyperliquid announced it, Andre? I don't even know if Hyperliquid made the announcement. ICE made the announcement saying ICE and TradeXYZ are bringing Hyperliquid-based perps to the United States. They announced that this morning ICE will operate a U.S.-regulated version of TradeXYZ's markets, leveraging the expertise as the leading deployer of real-world assets perps on Hyperliquid, which

01:37 is like, just think about what you're reading here. The New York Stock Exchange, the NASDAQ, the guys that are like the owners of that, have now basically gone onto blockchain. And that's not like the only announcement that we've had in that regard. So we're going to talk about that. We're going to talk about when the bear market's going to end or when, not the bear market, when the correction is going to end.

01:59 Because remember, our thesis is that we're still in a correction. We've got some data that shows us exactly when this correction could end. And we're going to talk about everything else. But first, we have to get through a whole lot of formalities, right? When I say a whole lot of formalities, the first formality is I need to greet you guys. Welcome, guys.

02:16 Hi. I'm Cryptomanran. If you don't know who I am, I'm sure you know who I am. Where is everyone today? Still got hungover from that very boring. I hope people didn't die of boredom yesterday. People could have died of boredom. Let me know what you thought of Kevin Warsh's FOMC. Honestly, I don't actually know if I want to carry on doing the FOMC broadcasts after yesterday.

02:38 They were so freaking boring. Andre, they were boring. I would disagree, because we spoke about Hyperliquid at the end. Yeah, well, okay, wait, wait, I knew you would do that, you had a lucky call at the end, I mean, guys, I don't know if you watched Andre, Andre hijacked the show yesterday, and I don't know how he did this, but, I mean, I don't know.

02:59 My two cents on the fundamental side. I think hype, I do agree with going for the $90 target because we have the Antropic IPO and it got listed on Hyperliquid. Hype is also pushing for regulations in the US and if you remember, remember how well hype did when it had a SpaceX IPO happen. It was all buzz, it was all over Bloomberg, it was all over every terminal.

03:26 Well, everybody was, like, guessing if the price of SpaceX bulls was going to come exactly as the price of Hyperliquid has shown. And it created a lot of buzz and momentum around Hyperliquid, plus the trading volume that comes from actually trading Antropic, for example, now, and Hype previously. So, I think Hype is quite aligned on both sides here.

03:44 I think it's one of the coins that's out. They call you Andre the coin catcher now. They call you Andre the coin catcher. I mean, you had a thesis. Your thesis was completely wrong, but you were lucky. You were lucky, right? I don't think the thesis was wrong at all. The thesis was around Hyperliquid getting more attention in the regulation space in the US and that's exactly what we're seeing today with ICE partnering with TradeXYZ which is HIP3 market on Hyperliquid.

04:07 So I think the thesis is very, very much correct on the long term. I was just not expecting it to happen this quickly. Okay, okay. Give me another. Then give me, if you're such a coin catcher, can I have another call? Can you give me another? Can you give me like one more call? If you paid attention yesterday, you also said LIT. LIT would be a very good one at around 2.5, 2.6 entry.

04:28 It's a much longer haul, this one, because they have around 180 to 280 days until you'll get a regulation that Hyperliquid is basically having all the attention for now, and then they can take part in the Robinhood platform. Okay, guys, guys, let me know if you think Andre is just dog water or let me know if he needs to get a show. I need to know what you guys think, whether he's just, he caught a luck or if he actually needs to get a show.

04:53 Anyway, Andre, we're going to get on with a serious business now. I've got serious business. I think that's the first part of our serious business. Andre is sitting here in the office right next to me, so we can always call him back if we need him. I don't think we'll need him now. But if he does, Andre, Andre, just come show them that you're right here next to us.

05:06 They don't believe that you're actually in the same office as me. He's here. He's right here. I promise you. He's not going anywhere. We can always call on him. Hala. On a disc. Yeah. Hala is one of our channel managers. Hala, I see you in the comments, bro. I can see you in the comments. Anyway, as I said, we've got to get through with the formalities.

05:26 What are the formalities here? I mean, yesterday we had the PCE data today, right? What is the PCE data? That's the Fed's preferred measure of inflation. They're trying to get that down to 2%, right? I mean, you heard what thing he said. What's his name? This guy said yesterday. Kevin Warsh said yesterday. He was actually asked, like, why didn't you raise rates if the inflation target isn't at 2%?

05:50 And this is what he answered. Essentially no progress toward the 2% inflation target. The labor market remains stable, as you suggested in your opening statement. And most of your colleagues seem to be on board with raising rates in December. So why not just raise rates today? So it's a good question. I will say I read your stories the last day or two, so I must admit I sort of saw that question coming.

06:15 What I said in my prepared statement was information coming in the coming period will help us tell us. Long story short, they're going to keep raising rates until they get to their 2% target. He's not fixated on this 2% target. The number we got today was 3.1% on core and PCE at 3.6%. Now remember the previous PCE was 3.4%. So inflation is on the way up no matter which way you look at it.

06:42 What is that doing to the markets? Well, what it's doing is it's basically now giving us, I'm going to refresh this, but it's giving us an 83% chance that we're going to get a rate hike at the next FOMC, which happens on the 9th of December. Which is like a month and a little bit away. 83% chance of a rate hike on the 9th of December. And so that's affecting markets now.

07:06 That's affecting markets. You've got Bitcoin under $80,000. Now the question is, when will this, I'm not going to call it a bear market, when will this correction basically end? And I think what we need to do is we need to look at all the headwinds which are basically causing this correction. And then we need to work out when these headwinds are going to be out the way and when we can actually continue with the bull market.

07:25 Now, remember that our thesis is the following. One is that we are in a bull market. The reason why our thesis is that we're back in a bull market is because we've put in a higher, higher, and we're basically climbing up. By the way, this is a very bullish chart pattern. If this breaks up, it's a very bullish chart pattern, but I suspect that there is a chance that this would break down.

07:42 Our thesis is that we need to have a correction, and the reason why we need to have a correction is we need to get the sentiment under this neutral sentiment. This neutral sentiment, the purpose behind corrections is that they've got to reduce the sentiment from greed back to fear, right? And right now we're neutral. Corrections don't normally end in neutral.

08:05 So what could happen is we could get like another move up like this. We could get like another move all the way back up here. If we go above here, maybe we get to here. And then eventually we're going to land up getting the correction. So for now, we're respecting this downward trend. And for me, what we're doing is we're waiting to see. So we're waiting for all the headwinds to get out the way to get us back to fear and then so we can start moving up to greed.

08:28 So what are these headwinds? Because if we can work out when the headwinds will go away, then we can work out when we can fly faster, right? And when we can start moving back up again. I think let's actually maybe look at all these things that are bringing down or bring down the market. I think the first one that we really have to talk about is the midterm elections.

08:50 So we are now four days away from the midterm elections, four or five days away from the midterm elections. The market wants certainty. So the market just wants to know what's happening. And elections are quite a big thing, specifically midterm elections, because if you change the House or you change the Senate, the problem is that it takes longer for things to happen or may take longer for things to happen.

09:13 Certain things can't get passed. Certain things can get passed. And so I think what the market wants is the market just wants the midterms behind us. They want to know, are the Democrats going to get a clean sweep? Are they not going to get a clean sweep? Are the Republicans going to keep the House? Are they going to keep the Senate? That's what the market wants to know.

09:27 And once that is out the way, as I said, the market just wants clarity. And then the market will continue to move into clarity. The thing around the elections is that it's not only about the elections. It's also about the fact that there is a Cold War. No, not a Cold War. It's a war that's being fought by the Iranians and the Americans. And the Iranians basically want Trump out because they can't mess with Trump, right?

09:54 Trump's like, you know, he's got this iron fist. He wants to demobilize the Iranians, et cetera. And so you can imagine, I'm actually quite disappointed that nothing's actually happened in terms of the war in Iran before the midterms. I thought that Trump would basically go in there and say, either we're getting a peace deal, or we're going to begin military action to show that we're actually serious.

10:16 I think Trump is being made to look extremely, extremely weak here. Basically, he hasn't been able to broker peace with Iran. The Iranians have basically held on to whatever power they've got. He hasn't been able to bomb Iran into submission. So, he basically hasn't really made any achievements when it comes to midterm elections. And in fact, we're going into midterm elections with the price of Brent almost at like four or five year highs, bro.

10:45 Like four or five year highs. The last time we had this, it was in 2022. That's the last time oil was this high. So here you can say there was a victory for Iran. And the question is what happens after the midterms, right? So after the midterms, you know, does Trump then actually attack? Maybe Trump's scared to do an attack before the midterms. Do the Iranians do something?

11:05 What I suspect is that after the midterm, something will happen around the war. And I think it's important that that happens because this is the main cause of inflation. In fact, when you look at, where is that artifact here? So when you look at this, you say, look, what would inflation be if there was no war? Now, remember, we're aiming for 2% inflation.

11:27 The truth is that if you look at this model that we made with Claude, it basically says, look, if we had CPI, what would CPI be without a war? Then we're talking about 2.2%. So literally, if you want to get back to the Fed's inflation target and stop all the interest rates from going up, all you have to do is somehow end the war. That's it. All you have to do is somehow end the war.

11:50 And yet Trump can't do that. If he did do that, if he did that three or four months ago, if he could do that three or four months ago, then the inflation would be down at 2.2%. And we'd be talking about interest rate cuts instead of interest rate hikes. That's the reality of it. So here you could say that there's a massive victory for Iran. I suspect that after the midterms, when the Democrats are in there, then the Democrats, one of the agenda points is that they're saying they're going to stop this unlawful war with

12:15 Iran. And so, you know, with them in the House and the Senate, then that gets a little bit scary because they will stop the war. Now, the question is, how will they stop the war? Trump would have stopped the war through an attack, through a negotiation. The Democrats may stop the war slightly differently. They may allow Iran to have nuclear weapons.

12:35 Who knows? I'm speculating. What I do know is that after the midterm elections, something is going to change. The markets are going to have certainty. And then we can move on. Move on either way, right? And what we know is that generally the Bitcoin correction ends after the midterms. And if you want to see exactly how far after midterms, 2014 it was 71 days after midterms, 2018 it was 39 days after midterms, and 2022 it was 13 days after midterms.

13:04 So on the one hand, it's getting closer and closer to the midterms. I think if I were to guess, Bitcoin will hit a bottom within, I say we're very close to 2022, but it's an absolute guess. Obviously, there's no information that you can really use to do that. So that's the first thing. The second thing is that we've got other headwinds which are on us, and that's the AI headwinds, right?

13:30 So the first headwind is inflation, the war, and as a result, the expected interest rate hikes that are related to that. The second thing is the AI slowdown. I'm not going to call it a collapse or correction yet, but I definitely say it's a slowdown, right? Now, when it comes to the AI slowdown, yesterday we had Google's earnings, and these earnings paint a very clear picture.

13:56 And the picture is, again, out with the old and in with the new, right? So if I say to you, out with the old and in with the new, one of the big misses here was, or one of the misses was Google Search, not being able to generate as much revenue as they were going to generate. Why? Because Search is dying. Why is Search dying? Because everyone's using their AI, and on AI, there's no real advertising model yet.

14:17 There will obviously be an advertising model yet. Where they got killed was they're not making as much money as they used to make. Now, why aren't they making as much money as they used to make? Well, a lot of it is going to do with CapEx. They are spending a lot more money on AI capital infrastructure, and that basically gets shown up in their depreciation.

14:37 Now, I read it. So here are where they made and where they didn't make. The operating income was hit minus 6%. If you look at search and other revenue, down 2.3%. Now, these are big numbers, right? Subscriptions, platforms, and devices down 3.3%. So Google not doing as much as they want. And on top of that, Google spending a lot on CapEx, right? They're spending a lot of CapEx.

15:02 The CapEx rose 114% year on year to 51.4 billion. But so they're spending a lot more money on CapEx. Out with the old, in with the new. They used to have a very successful search business. That search business is now basically becoming obsolete, right? And they've got to lay the foundations for what is the new world to come, which is AI. So the market's got to get used to that.

15:24 So now we're going to get a whole lot of results being reported, right? We've got all the results that are basically being reported. And once these results are out the way, so Meta is out the way, Alphabet's out the way, there's Amazon, there's Intel today. Once all of these results are out the way, that's the results gone for the next quarter. So that headwind is basically gone until the next quarter, which is in January, right?

15:48 So, a couple of days for that to go. Samsung also didn't have the best results in the whole world. They just under-delivered. On their net profit, they were down quite a bit based on what the analysts wanted. So it looks like one of the headwinds that we've got here is we've got bad earnings, primarily bad earnings because of AI, because either AI affects Google search business or AI requires a lot of CapEx.

16:13 And we need to get all of this behind us. And that, again, will be a couple of weeks after the midterm. So we're talking about, so the first thing that happened was cleared, that was the Fed held rates. We had PCE, which we've now had, so that happened today. Then you've got the big tech earnings, which are coming out, that will pass. And then we go into Anthropic's IPO.

16:40 And we've got to speculate what Anthropic's IPO is going to do to crypto. So, Anthropic, one of the biggest IPOs of the year. Currently, if we look at variational, I think the, let's just look at Anthropic, I think the valuation is like $1.8 trillion, $1.86 trillion. So, that's going to be a big, big IPO, $1.86 trillion. And the question is what that will do to crypto.

17:03 And really, the only thing that we have that can show us what that will do to crypto is effectively going back to look at SpaceX. Now, what happened to SpaceX was in the anticipation of the IPO, everyone thought that it would suck liquidity out of the market. And so before the IPO, everyone was worried that it would suck liquidity out of the market, and so the markets went down, and then the IPO happened, and then all of a sudden it started to, 18 days later, Bitcoin bottomed and basically started to run.

17:34 And so maybe we can get something similar when Anthropic launches. So maybe when Anthropic launches, it does actually take some liquidity out of Bitcoin for people that want to invest in Anthropic. And then we carry on running. I don't think so. I don't think Anthropic is a big deal. I think everybody wanted to be invested in SpaceX. I think there's like the Elon Musk factor.

17:57 It's rockets. It's Starlink. It's things that we're all familiar with. I think Anthropic's like pretty cool, but I don't think it has that same pull. Andrei, what do you think? Do you think Anthropic has that same pull as like? I do think it has. I know because some people ask me when it's going to be the IPO. Like, can I buy into the IPO? Where can I buy into the IPO?

18:18 So I think the retail investor would most likely want to have some allocation because the only way we can actually have exposure to AI. People don't think of SpaceX and think of AI. They think of Anthropic and think of AI. So, in the short term, I think, yes, it could steal a bit of liquidity from Bitcoin and crypto, but it does benefit other cryptocurrencies like Hyperliquid and Variational, but it doesn't have points.

18:38 Exactly. Hyperliquid, Variational, all the perp DEXes are going to make a lot of money out of Anthropic. So, again, I think Anthropic IPO, they're talking about it on the 5th of September, 16th of November. So, again, we're talking about two, two and a half weeks away from another headwind that's basically gone behind us. If you look at the next two and a half weeks, you've basically got all the results out of the way, you've got the midterms out of the way, you've got Anthropic's IPO out of the way, what else is out

19:09 of the way in the next two and a half weeks, and video earnings. And then on the 25th of November, you've got an October PCE print, which is the last print before the Fed's meeting. So that happens. That's basically coming up soon. So, I mean, all in all, I think that within the next two weeks, a lot of the headwinds are going to be cleared. And then the market basically takes a direction.

19:35 If you ask me where I think it's going to go, I think we're going to go slightly down in the next two weeks. And so far, I think my predictions have been spot on. And again, they're just predictions. It's not, I mean, my predictions have been spot on. We are going to continue to go slightly down and then maybe in two or three weeks, again, it's only going to happen after we get a move down that basically scares people.

19:57 Because the correction isn't going to end if we don't get the move down that basically scares people. So we get a move down, it basically scares people, and then we start to move up, and effectively it's like it's out with the old and in with the new. It's out with, you know, whatever the government is now. It's the old government. We'll have a new government, new house, new senate in a couple of weeks.

20:18 And then we can move on. And we can move out with the old, in with the new. Simple. I mean, again, like I say, speaking of like out with the old and in with the new, I saw, I mean, this is kind of weird. So, Christine Lagarde basically said she is stepping down from the ECB as ECB president. The only thing is kind of weird, like she's got band-aids all over her face, right?

20:41 It's like she looks like she's been beaten up to leave. The only thing is like, I'm leaving, but I've also got like plasters all over my face. It's been a rough ride. I have just informed my fellow policymakers and staff at the European Central Bank that I will be stepping down with effect on February 7th, 2027, after Monetary Policy Governing Council.

21:03 It has been a great pride and a huge privilege to serve this institution, and I want to thank all those who have contributed, supported, and delivered on the mission that we have in Europe. Be a rock, be solid, deliver price stability, financial stability, and I think that. So she's out, she looks a bit beaten, so she's out, out of the old, in the new.

21:28 Again, speaking of out of the old, in the new, I saw this ad that was taken up in the Wall Street Journal, an ad literally warning people or warning public companies that their stock, your stock, their tokens, your problem. In other words, saying that tokenized stocks are a problem, which I think is like, it's like in the old days talking about when you're driving with a horse and a cart and they were like saying the car is your problem because it could run over your horse and your cart or something like that.

21:58 It's like these people are trying to slow down or stop the inevitable. It's like such a futile thing. And whenever I see this, it really fuels me because what you can see is that the incumbents are really scared. So here are the incumbents, the people that are used to doing things a certain way, right? And, you know, actually here they list a whole lot of the risks.

22:18 And if you look at the risks are such rubbish, like pricing disparities. Yes, the market will always price things accurately, right? They're scared of market manipulation in tokens, obscured ownership, AML, KYC, loopholes. Guys, let me tell you basically how it works, right? Right now, your stocks are only available to people in your country and only available to trade during the time where the stock exchange is open in your country.

22:46 And here at crypto, we're changing that so that anybody can get access to your stock and you can get more capital and more people holding your company. Why are you resisting that? I just don't get that. I mean, they talk about cyber theft. Hackers may soon steal your tokens. Legal liability. If you don't opt out, you could be held liable for anything that goes wrong.

23:05 Do me a flipping favor. And I think it's good that they're talking about it on a day where, the same day, where TradeXYZ and the ICE owner are joining forces to do this perpetual exchange on Hyperliquid, which was a massive announcement. And massive for TradeXYZ. TradeXYZ trades on Hyperliquid. It's like a franchise. This is what TradeXYZ looks like.

23:28 It's a DEX infrastructure, a purpose DEX infrastructure, trading using Hyperliquid. So they're using Hyperliquid rails. Give you some idea of how big they are. They've made $7 million of fees in the last 30 days. There is obviously no TradeXYZ token. I don't know if there is one in the pipeline. Andre, have you heard of a TradeXYZ token in the pipeline?

23:49 No, not yet, huh? Not at the moment, no. But it's a very liquid business. They're not only a provider of infrastructure, like front end, they also provide a market. So if you go into Hyperliquid, I don't know if you can show that. If you go into Hyperliquid, you'll see the markets have an XYZ next to them. That's basically provided by XYZ. So that's why I was saying Anthropic is also very good because it's going to be listed by XYZ markets.

24:12 So they make a lot of these, you can imagine. They can list anything. What Andre is talking about is like on Hyperliquid, if you want to list a token, you've got at least a lot of things that you have to fulfill. And TradeXYZ is one of these companies that fulfills these obligations and lists a whole lot of these tokens. And then if you list a token, you get trading fees every time that token is traded.

24:33 And that's a massive, massive business. I mean, I love this. I don't know if you saw this, but you had Stan Druckenmiller post on Twitter once only, post this thing, and then leave. Logs on for the first time, tweets, Hyperliquid, logs on forever. Yeah, remember he also bought, his family office bought into PUR, the Hyperliquid strategies like a few months ago.

24:56 Yes, yes. So he's working for his bank, you can say. It's very, very interesting to see that. Yeah. So, okay, so what's happened here? Number one is anyone who caught Hyperliquid, here it is. If you were trading with our news terminal, you would have made a lot of money. Number two, so Hyperliquid is now at $90. As a result, Lighter going up in the sympathy move.

25:15 As a result, my position is now less underwater than it was a couple of hours ago. I'm still underwater on all four of my positions, but don't worry, I guarantee all four of them will actually end up being positive. What else? Lighter is up. PIS also. PIS didn't move. PIS is a partner to TradeXYZ. They're the pricing partner, the pricing oracle partner to TradeXYZ.

25:37 The other one that's up, I mean, look, this is the chart of tokenized equities. This is what tokenized equities in terms of number of holders. There's 1,522. I think there's over 5 million tokenized equity holders, if I'm not mistaken. We also had the DTCC. Now, this, for me, is the biggest prize in tokenizing real-world assets. So, the DTCC is effectively the biggest clearinghouse.

26:02 They clear for $100 trillion worth of assets. And they have launched their tokenization program. It's going to be with a couple of blockchains. But the first blockchain that they actually launched was Canton. So DTCC's website shows that its tokenized service is now live, supporting 34 securities, including selected large Russell Cap 1000, constituents, ETFs, US Treasuries, blah, blah, blah.

26:26 The first one, as I said, is Canton, but they will eventually support ARK and Stellar and a whole lot of others. But for now, there's live stuff on Canton. Actually, speaking of Canton, there is a play that might be worth looking at if you want a Canton play. Yeah, Edel. Have a look at this one. It's called Edel Finance. They build this on Canton. So they're building things like launch pads.

26:56 I think they might even one day launch a meme coin. Who knows? But worth looking at, again, I'm looking for plays on the Canton ecosystem. Yeah, but again, so again, I don't think you can fight this tokenized equity thing. I think there's a lot of good, interesting players like Backpack we're trying to get into. Yeah, there's a lot of really interesting players.

27:14 I think this is like the biggest trend of 2026. I really do. I really think that that's tokenized equities are. What else? As he says, this guy says, it's not tokenization they're rejecting. It's tokenization they don't control. A venue exempt, blah, blah. Wall Street is saying no to tokenization. 26 companies worth $13.9 trillion have objected to the tokenized versions on OKXIS.

27:38 Well, you can object as much as you want. It's going to happen. I mean, don't try fighting. It's going to happen. What else? Okay, so, a couple of things. If you, a horse run over, runs clavicle. You're right. It's true. I am getting a bit better, though, as you can see. Yeah, I'm getting a bit better. I'm getting a bit better. Okay, so, you know, we've been farming variational.

28:04 And I still think variational is very, very good to farm, if you can, but you've only got about two months to get the points. Now, the idea is to get as many points as you can. And the way to do that is to start farming points as early as possible, right? So with variational, we started pretty early, but then we left it for a while, and we picked up again when we realized that this airdrop was going to be like a billion dollar airdrop, right?

28:27 So if you've been farming variational, great, and probably you've got another two months to farm variational and get some points. But remember the points that you're earning now are not as lucrative as the points for the people who started early, right? If you want to farm a DEX early, one that you can farm is TXflow. So TXflow is exactly the same thing.

28:45 I mean, it's got all the assets on it. You can trade them with leverage. So this is TX Flow. It's a perpetual DEX with leverage. You're in the very, very early stages of the points drop, which means you're getting the biggest points kickers and you've got the longest time to earn points. Now, we don't know how this is going to pan out. We don't know when they're going to do the airdrop, but we do know that you can trade it.

29:13 You can trade here. I think the fees are very, very reasonable. Tiny, tiny fees here, 0.045. Very, very reasonable fees. And, yeah, so this is, you can start farming now. If you farm here, you get 5% of your trading fees, et cetera, over here. So, here we go. This is the offer that you got. But use this link here and you can start farming and you get points kickers and stuff like that.

29:39 Otherwise, should we spin the wheel? Hold on a second. Let's just see if I've even got credits on my wheel. Let's have a look here. Okay, so what you do is you basically connect your exchange. So you go like I've got my exchange that's linked. You see my exchange is linked here. So it should tell me in a second how many spins. I've got 20 spins. You see, I've got 20 spins left.

30:07 So if you go here, you connect your exchange. You can connect Bybit, Blofin, and Toobit. It's rewards.cryptobanter.com. You connect your exchange. Every time you connect an exchange and deposit money, you get a spin. And then every time you trade $25,000 worth of volume, you get a spin. Now what are the prizes? The prizes are $100, $20,000, $10,000, an iPhone.

30:27 There's like serious price here. But you can, I mean, look, you see, I've got 20 spins available. Now, I'm going to spin. I mean, I don't think I'm going to win. Yesterday, I won $10 and $10. So, again, I didn't win again. But if I do end up winning, I mean, then I get the prize, right? So, like, okay, now I've got 18 spins. Again, no spins. 17 spins.

30:46 Oh, okay. This is exactly what I was dog water worried about. I just won one of the 20 iPhones. On a dog water demo. Okay, now I'm going to obviously give it back. So, I mean, there are 20 iPhones. There were 14. There were 15 left. Now there are 14 left. I'll add back the one that I've just won. So, whatever. Okay, yeah, okay. I'll have to work out how I do this, but I'm going to have to give an iPhone back.

31:23 Yeah, but you can go and connect your exchange, Blofin, Bybit, Toobit. If you don't have an account, then you can open an account. There's great sign-up specials. I think that's it. I'll see you guys again tomorrow. Alessandro, say goodbye to the people, man. Like and subscribe. See you all tomorrow. Until then, trade well, my friends.