ROLLUP: WSJ Lies About Crypto | SBF Testifies | Markets Pumping

But the biggest mistake you can make at this point in the cycle is uh chasing the pump. So the the advice that we have, the not financial advice, life advice, don't be a chaser. Hold your high conviction, let the market come to you.

Yes, you let the pump come to you. Don't don't be needy. Let let the pump come to you.

Yeah, you don't have to respect the pump, okay? That just means aping into stupid things. Let the pump come to you.

Bankless Nation is the fourth Friday of October, and the Friday, the roll up, might I remind you, right before Halloween, which means we do something special. David and I are in costume today, recording this roll up, and I'm looking across the screen, looking at this co host that I thought I knew. He's got suspenders on, he's got a uh yellow t shirt.

Ducks

David

Yeah.

Dude you you you are one of your NFTs. You're your the Solana NFT thing, right?

I'm I'm my mad lad. Yeah.

You're you're a mad lad.

I'm a mad lad. I'm a mad lad today. Yes.

So

I am my mad lad. If we the podcast editors could put the mad lad on the screen. In fact, just put it right over uh Ryan's face so you can do the easy quest for my mad lad versus me. I look exactly the same as my mad lad.

it's actually really good. This is really good. I and this is

Fenders aren't actually clipped to anything. I'm wearing athletic shorts.

the third year in a row that you have dressed up as your NFT.

Yeah, I've only got one NFT left, so uh I need to buy another NFT after next year.

Yeah, you're gonna buy some more of this cycle. Okay, but now now do me. Who am I?

Uh you are Sam Bacon Freed. It is I didn't even need to ask. You are wearing a massive curly haired wig and an FTX t-shirt. It's so simple. You need to get so simple.

But other than that

It's so perfect, actually. And uh do do you wanna hear my Sam Bankman Freed impression I prepared for you guys?

with like nothing left.

Yeah, so so I'm like, um I'm gonna be taking the witness stand later today and explaining to the jury that from an E V perspective, like, I think we made the right calls. And that's what some of your listeners don't know, David. Um, I think there's like um to some extent to which one of the major exchanges in twenty twenty two had to die and it just happened to be FTX.

Kind of mid.

That was

Kind of mid

that was really good. Yeah, you're just not you're just not on enough amphetamines. I don't care how many pots of coffee you're you're on, and you're not matching him on

Not SBF energy. Yeah, yeah. Well, I hope he brings the energy.

tweaking out. You're not vibrating like SBF was on our show.

Well, that's actually a true story though. So he is taking the stand today. I am taking the stand today. So this is this is not only a Halloween costume, this is um I don't have any sod solidarity with SBF. I don't wish him well actually, but we'll see what happens today.

You're commemorating the day.

I'm commemorating the day. The day we took down uh one year late it's almost like a a year ago that all of this happened.

November 8th, I think, was the day. So next week. Next week will be one year since the fall of FTX.

Yeah, I'm I'm celebrating the the outing of a fraud and the cleaning up of this space, which uh we've been doing a lot of over the last year. But tell us, what do we have for the agenda besides these fantastic costumes that we're sporting?

In addition to all the things that we've already teased, we get to say welcome to October. Right. We got a double digit week this week. It's fine. We were talking about it. It finally came. Everyone pat yourselves on the back. We got that. Bitcoin is up 15%. Oh, that's that feels great. Can we get it again? Okay, now the next question is when is the next time that we get double digit weeks for two weeks in a row?

Oh. Two weeks. One week's not enough for you? Like,

Well we no

can we just bask?

it's never enough. It's never

enough.

I want to bask this week in enjoying this because this could mean the end of the bear market. Like, I feel like this could be a very significant week actually for us. We also have the Wall Street Journal blatantly lying, blatantly spreading misinformation about crypto, associating it with terrorism, and failing to retract it. And citizen journalist and friend of the show, Nick Carter, is on their ass to do something about it. I love it. Uh I love the facts coming out. So we're talking about that. What else we got, David?

Uh New York Attorney General charges DCG and Gemini for fraud. So while like Gemini was pointing at DCG and DCG is pointing at Gemini, the New York Attorney General was like, you know what? We're taking both of you in.

Both of you guys.

Uh both you guys. Yeah. Just charges. Uh so we'll we'll talk about that. Uh Like Orion said, SBF about to testify. And also, a Uniswap app chain gets launched, but by whom? Who launched the Unichain? Uh, we will talk about that. I think that this is a great story that totally went under the radar this week. Ryan, did you know that the Uniswap app chain got launched?

David, you're so excited about this. I gotta it's like

This is a great story and no one's paying attention to it.

This is David's breaking news journalist. I'm glad you

have the journalist society.

And Uniswap didn't deploy it. The Uniswap Foundation

Who deployed the UniChain?

This is uh this is a bit tinfoil hat, but we'll definitely get to that uh later in the episode for sure. Uh before we begin, we gotta shout out our friends and sponsors over at uh David, let's get to the good stuff today. You ready for this?

Yes. Prices, good looking prices on good looking charts. Bitcoin up 15% this week.

15

A monster green candle. We saw definitely a short squeeze where people were just caught off sides and then they held on to their shorts for too long. And then what is it? What is a short squeeze? Well, somebody somebody's short and then they're like, I don't want to be short anymore, so they have to buy back their Bitcoin to get to stop being short, which causes the Bitcoin price to go up, which causes other people to have to do the same thing. Too many people caught on the wrong side. So Bitcoin started the week at 29,500, up 15% to 34,000. Come down a little bit off the top. So we're just just below 34,000.

David, I feel nothing for the pain of the shorters, okay? That's what you get for shorting this market.

Deserve that. Don't short crypto. How dare you?

Yeah. I'll teach you a lesson next week, too.

Get out of here.

Uh this is an eight this is an 18th month high for um for Bitcoin, at least not right now, but it it shot up above 35k actually. If you look at the Kraken charts here, which uh as you said,

they are looking beautiful today. I love this trend line.