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Hello, everyone. It's the hash. Thank you for being here with us on this Wednesday,

the day after Taco Tuesday and a few days before the weekend. I'm Jen. We got Will,

Zach, and Wendy on the show today. Will, you're kicking us off with some market news.

Let's talk about trading, okay? Bitcoin went up 5% yesterday and 5% today. The bulls are back in control. And that

means there's a lot of blood in the street for everyone who's shorting Bitcoin, people who we don't

like. Remember, we don't like any permabairs out there. It was about $500 million worth of liquidations

on FTX yesterday, which was definitely the largest exchange

for liquidations yesterday. And there was about $700 million total and total liquidations.

That was the highest since July of 2021. And if you remember back then, July 2021, that's when we

saw the first crash from the previous all-time high of Bitcoin from April 2021, where we tipped over $60,000,

and two months later, we dipped almost as low as $27,000 per Bitcoin. So it was a large

liquidation event. And yesterday was up there in the books, you know, first time in close to 18 months. The reason for that,

well, there's actually a lot of volume in the market still, even though it might be a bear

market. There's still a lot of people who are interested in trading. There's more depth than

you've seen in previous bear markets. $20,000 Bitcoin doesn't mean that everyone's left. It

actually means that there's actually pretty good stability. People are still interested in being part of the ecosystem. If you look at stable

coin numbers, you'll see there's actually about eight times as much stable coins within the

...