Moni asked if Tom Lee is right that the crypto mini winter is likely over driven by tokenization and on chain AI. Dave noted Tom Lee is down billions. NatNat laid out BTC levels with 76k as the pivot, 75.9k liquidity, 68k as the break point, and 60k as the pocket of liquidity.
Landy said Bitcoin faces resistance every 2k and highlighted oil at 84 to 86 then 90 to 95 as the key risk driver. Landy explained this is not a bear market over and wants a weekly close above 72k for a higher low plus closes above 98 to 100k to confirm strength. Landy and NatNat discussed Europe facing a jet fuel squeeze, China and Japan drawing on reserves, and energy issues reshaping trade, bonds, and economies with heavy reliance on US light sweet crude.
0:27:36Oil crash course, exports and pump prices
Bread reported B Buckets went four and one on its baseball picks. Kkoma shared updates on the B Buckets site UX and Champions League games that went over. The group joked about hiring, monetization, and expanding to Threads, Blue Sky, and videos.
Dave discussed Tether giving hacked Drift 150M and replacing USDC while Circle faces a class action. NatNat said this shows Tether is coming aggressive for Circle's lunch and positioning to be number one by any means. Landy called it a brilliant business move from Tether but warned they are positioning as a CBDC with censorship trade offs that go against crypto ethos. A speaker noted Tether dominates globally outside the US and launched compliant USAT.
1:05:38USAT
AlphaGamer highlighted the photonics run in names like Lumentum, Ciena, Coherent, and AXTI with gains of 2000 percent, 1000 percent, and 800 percent in some cases. AlphaGamer called ALMU as the new alpha name with a 4M government contract to solve wafer warping issues as a US based alternative to Chinese suppliers. AlphaGamer noted ALMU has a 312000000 market cap versus AXTI at over 4 billion.
1:22:54Alpha Gamer's ALMU (Aeluma) call
“Oil gives us that that break below 90, there is a chance that BTC gives us what we need for hire or at least a slight break above 76,000. Now I need to clear the record. Right? The the clearing 76,000 doesn't mean that all time high is in view. Right? Because bear market. Right? In order for us to completely ...”
NatNat0:05:48Share on X
“Everybody's coming to The United States now and getting oil, and United States is the top producer. Why aren't gas prices dropping immediately with oil? And that's because what we are exporting is called light sweet crude. Essentially, means it's low in sulfur. It's not as viscous. It's easier for these countries…”
Landy0:19:31Share on X
“You don't want it hanging out for too long. You'd wanna kinda see it happen a little bit sooner rather than later to try to head up to those higher prices. But this is not bear market over. This is so far from bear market being over that I think people are getting way too ahead of themselves on the timeline, at…”
“They could have frozen the hacker's wallets, but didn't do nothing and let them make off with all the money. You know what? USDC gone. Tether comes in. Tether has now slid in, given Drift a $150,000,000, and replaced USDC. This was a big black eye, Nat. If you remember, we were talking about for Solana. Right? Big ...”
Dave1:00:56Share on X
“But we also haven't seen much in a while, but these things take time. Look. I'm of two minds about the Circle should have done something. Hey. We're Tethr. We'll do something. Tethr is really gonna be positioning themselves as a CBDC. That that is where they're going, which means that they will censor transactions as…”
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