oil bubbles.

May be a dumb dumb question but Im getting alot of valve noise like i can hear the valves going when im in my car, so i checked the oil and i have tons and tons of little air bubbles, The oil is clean as it is fairly new, its almost see threw. WTF is going on.

i dont know timing cover got a crack in and coolant leaking into your oil in the worst case and the noise you hear is your timing chain eating away at your timing cover cause your timing guides are gone ? only on an old ka