Can the U.S. Control Global Crypto? Stablecoins & Sanctions? ⬆️🧠

You can't [music] >> [music] >> I never do it. >> [music] >> Oh yeah. I never knew. [music] Hey, [music] hey, hey. [music] >> [music] [music] >> I think that we're just holding on to something. [music] >> [music] >> Hey, hey, hey. I think that we just holding on to something. [music] I think that we're just holding on to something. Just tell me what's [music] I think that we just holding on to something. I think that we're just holding on to something. What's up everybody? Welcome to the Underground Crypto Deep Dive Research Show. You have made it to the right place if [music] you want to raise that crypto IQ. All right, let me get my face on the screen as always. How's everybody doing? How are all my underground? Let's see who's in that chat. Melissa Streahart, Digital

Revolution, Funky Farah. I see those names quite a bit. Welcome in. Welcome in. Melissa with those music emojis enjoying that intro. Prime Minister says, "Hello, everyone." What's up, Prime Minister? Welcome in. Welcome in. Thanks for being here. All right, let's kick this thing off. Let's go over to Trading View. That's what I want to do. And let's do our usual look here. Of course, as I've been saying, kind of can't ignore what looks a lot like a shoulder head and shoulder. And we already kind of put that measured move in there for you. Prime Minister says, "Doing good. Uh, it sounds like you're on fire today. What's up? Hey CCP in [music] the comments, what's up? Thank you for coming along. Always enjoy the intro. Yeah, that intro has grown on me so much, but I do kind of

want to reinvent it a little bit. I'm not really going to change it. The music will stay the same and things. Just want to make it a little bit more interesting. But anyways, that's for another time. As I said before, before we can lose the 4200 day 4 hour 200 day moving average, always mess that up. uh you have to lose the 21 and we're losing the 21. So, you know, a little bit of space between that 21 and the 200 if you're going to get this shoulder head and shoulder with the measured move down to about 59,000. Call it 59,000 flat. Uh what just happened? Yeah. No, go back. That was weird. All right. Don't hit spacebar or any buttons on Trading View. You hit any buttons on Trading View, it'll mess you up. You know, you you'll

never know what you're doing or what is going to happen if you hit a random button on Trading View. and you might never be able to fix it. If you use Trading View, you know exactly what I'm talking about. How do I feel about this right here? I don't know. On the 1 hour, I guess what's more important is that the 1 hour is just barely being held up by the 200. Those 200 day moving averages just being extremely important. We're pretty much at the PC, kind of local one hour PC here. And if you're with us, smash that like button. Drop something in the chat. So, what do you guys think about it? What do you guys think about this shoulder head and shoulder pattern? You think it's going to play out? Now, sometimes, honestly, you you'll see

it and the whole market will start shorting this thing and they'll even start giving you the leg and then it'll just run. I've seen that plenty of times, too. It's almost like they know the whole market sees that shoulder head and shoulder. Your uh stochastic RSI bottoming out for sure. I don't see any divergence on the 4 hour. Let's go look at the 1 hour. Definitely some divergence on the 1 hour. Look at that. I know you haven't heard me talk about divergence in a while. Actually, depends on how you look at it. Like this. Let's see. There we go. And let's see. Let's match those. Something like that. I mean, that's clearly some divergence. Uh, not really. They're both trending up. I don't know. I'm not quite ready to even call that any kind of strong divergence on

the 1 hour. Might need it to dip a little bit more to create some strong divergence. Shout out if you know your divergences. Bullish, bearish, hidden, regular. And let's kick off this intro to this stream because we got a lot of fun stuff to talk about. Who's been enjoying the series so far this week? Uh, hate CCTP says, "Do you have a ton of mosquitoes?" We have tons of mosquitoes even after I use mosquito uh dunks repel dunk pellets. I don't know what that is. Uh, so now I have to put out a fan with a screen and leave it run all night. Wow. Sounds like you live in, you know, I in my mind immediately goes to something like Thailand or somewhere like that. Of course, mosquitoes are everywhere. We have mosquitoes where I am. Sometimes they are

really bad, but for the most part, they're they're pretty manageable. They of course spray like everywhere overhead. Who knows what they're spraying on us? They tell us it's to kill mosquitoes. Uh you know, wherever there's sitting water or something like that. So, thanks for asking. this week, right? The series is called Who Writes Crypto's Rules? And I knew we were getting into a deep topic and I was I welcomed it. That's the whole point of raising your crypto IQ. You can't just skate around and kind of, you know, say a couple offormational things and think that you're really deep diving in research, right? I don't want to be under any illusion like that. So, we went deep and we're talking about who writes the crypto rules. started with refining who are the players on the board in the first

place and what exactly do these players do, right? So yesterday we examined whether decentralized finance can be regulated in the first place like is it even possible? Tonight we are zooming out from the individual protocols and asking the bigger geopolitical question which is can the United States control global crypto right because crypto networks live on the internet and the internet is global and that's problematic. Now there's all kinds of nuances that we can get into about that like certain countries like say maybe China how they have a lot of control over their internet and what goes in and out and stuff like that but still people there find a way to do things like buy Bitcoin even though they're probably technically not supposed to imagine two people outside the United States right sending Bitcoin directly between self-custody wallets right

the original ethos of of Bitcoin right and blockchain Washington cannot simply press a button and cancel or block that that transaction. But if those same people use a US dollar backstable coin, a centralized exchange, and an American bank or a platform that wants access to US customers, the power map changes greatly, right? So peer-to-peer original Bitcoin transactions between wallets, very very hard to pretty much impossible for them to do anything about that. But once you start using stable coins and centralized exchange and bank accounts on and off ramps, things like Coinbase, Kraken, whatever, uh, Robin Hood, you go on a long list there. That's where you start to run into some serious problems, right? And that gives us tonight's essential direction for the show. Controlling a blockchain is not the same as controlling the economy built around that blockchain.

America may not control the entire ocean, but it controls several of the world's largest ports. Same idea if you understand. Those ports include the dollar, banking access, stable coin issuers, institutional liquidity, sanction enforcement, and entries into the American market. I find that metaphors land really well with the audience. So, this is a really good metaphor of the entire ocean, right? And you want to control the ocean. But no matter how powerful or large a country, they just can't have ships everywhere all the time. The maintenance and amount of money and just the people to man them and stuff. It's just impossible. You couldn't just have all the ships everywhere all the time. That's impossible. So you just control the points of entry, the common places where people go around things like the Panama Canal. You know what I'm saying?

Like that is the same idea. Translate that metaphor now. Of course, crypto. You control the on and off ramps. you control who has access to American markets legally or bank access, stuff like that. Like how Kraken is the only person who has a federal, you know, Federal Reserve license to do business directly with the Federal Reserve, right? I think they call it an access key. All very interesting stuff to me. Tonight, we're going to identify where the power is for real. Where it is exaggerated, where where they pretend that they have a lot of power, but they don't really do much. and where open crypto networks still limit what any one government can do. So, we're going to talk about both sides of the spectrum here. What governments can really lock down and what is really very much beyond

their their grasp. And again, as always, this is not financial advice or legal advice or anything of that nature. This is just information and education. Let's raise that crypto IQ. Quote of the day, because I know you were asking what the quote of the day is. Power conceds nothing without a demand. It never did and it never will again. Power conceds nothing without a demand to do so. It never did and it never will. That is Frederick Douglas. And crypto does not eliminate power. It changes the places where the power must be exercised and where it can be resisted. Now, we've talked in some detail about who really controls crypto like inside of crypto. We're not so much talking about governments and stuff like that. And we kind of came to the same idea with Dows and stuff like

that. We've really just changed where the power is centralized and how it looks and it's less or is more foreign to people and so they don't really understand it and therefore they get away with a lot more. And before we head over to the crypto bubbles, let's do the you may not know this, right? Let's raise that. What I like about the you may not know this segment of the show is that it just gives you like a dose of some crypto IQ like right off the bat. Something that you if you tuned out after it you still would have came to the stream and learned something and that that makes me happy because that is the goal, right? So the Genius Act is law but its full framework is still being implemented. See the dynamic the Genius Act

is in law but the full framework is being implemented. I find a lot of people online especially are confused between the Genius Act and the Clarity Act because they're both crypto, you know, related, but one has been passed and one hasn't. Anyways, the act, the Genius Act that is, uh, became effective on earlier of January 18th, 2027 or 120 days after primary federal regulators issued the final implementation regulation. So they're going to put the final framework out. Although the laws passed, they're working on the framework. When that comes out, it'll be 120 days after that that it'll have to be integrated, right? Or followed. Treasury published a proposed implementation rule on June 22nd, 2026 with comments open through, you know, August 21st. This is just like legal speak. I I won't bore you with that part. We we'll we'll

save that deepness of diving for another time. So foreign stable coin companies do not automatically escape US influence. Under the enacted framework, foreign issuers wanting their stable coins publicly offered or traded in the United States face requirements involving, you know, home country regulations, US registration, consent to American jurisdiction, the technology ability to comply, the technological ability, right, to comply with lawful orders or you know the regulation. Once the relevant provision becomes operative, the US sanction obligation follows US persons around the world though. OFAC, they're the people who carry out sanctions and things like that. States that US citizens, permanent residents, US companies, and people located in the United States must comply. The obligation does not disappear merely because of transaction uses, cryptocurrency instead of the dollar. Right? cuz using a stable coin instead of a regular dollar doesn't mean

anything to them. That still does not mean the OFAC automatically controls every foreign person everywhere, right? But they would if they could. You get the idea. Being incorporated offshore is not automatically a shield either. KCoin plead guilty in 2025. You may or may not know this. and agreed to nearly 300 million in penalties while OKX agreed to more than 500 million in penalties right after US cases involving their access to American market. So that's just good example of being offshore being registered in the Cayman Islands or the Bahamas or whatever. Not going to get you out of trouble. Melissa says, "Good series this week." I'm glad to hear that. Yeah, we I really wanted to nail something that was really going to help us moving forward and I think that I think this was it. But it's a little

hard for people who are foreign to self-education. It's a little hard for them to lock in. So, I'm doing my best to spoon feed this information to you. And we're going to get to the crypto bubbles and break up all this IQ raisin stuff. Let me just say this last thing here. Stable coins are becoming a geopolitical tool. Just like the US dollar and the petro dollar have always been geopolitical tools, not merely a crypto trading tool to tool, right? The BIS placed the total stable coin market near about 320 billion. The BIS obviously an organization at the end of May 2026 with the dollar denominated product uh denominating issuance. Fancy speak for a digital stable coin dollar right pegged to the US dollar. This can extend the dollar's international reach even when transactions never pass through a traditional

bank account, especially here in the United States. All right, guys, take a deep breath. We're going to get to some of the stuff that you're used to before we get back into a lot of that stuff. I really like to break it up and uh it's heavy. It's heavy stuff. So, lock on in with me. Let's raise that crypto IQ. Hopefully, I'm not saying that too much. Let's go. Oh, let's check out these crypto bubbles and see what's going on today. So, we had like a really good Monday. Tuesday was pretty much flat. Or was it? No, it was a really good Tuesday. Wednesday was pretty much flat. And then here we are Thursday. Let's toggle that one through 10,000. Let's keep our pulse on the market. All right. So, a little bit of pullback. I would say between

the flat day yesterday and the little bit of pullback across a lot of things probably about back to where they were before they pumped on Tuesday. Is that fair? So, let's take a look. First thing we look for big bubbles. Pith network 6%. There's some good news around Pith. I'll say that. Stable, BDX, and Crow all up. Not a whole lot. 5 to 8 9% at the most there. Uh big Red Bubbles, Hype, Arow, Jupiter, Light, but none of them real big. They're like five, six, 7% here. Hype is eight. Nothing. Nothing big. It's like I want to say it's kind of flat, but it's a little bit more negative than it is flat, but nothing too crazy going on. Hex up 6% again today for some reason. Hex getting some traction. I own again the tiniest bit of

Hex that I forgot I had. I never sacrificed for Pulse Chain like I should have. And at least I think I should have. I don't know. I don't play in that world enough. look forward to a series coming to you soon about hex and pulse and stuff like that because I do a deep dive on it like once a year and I get caught up and I'm overdue. I'm about a year and a couple of months overdue for my hex pulse deep dive. I've been doing this research and deep dive deep dive for myself for a long time before I actually started doing a live stream. Right? That's probably why I'm so locked in and passionate. Take a trip with me. Let's do it. Triber tibber triber, whatever you want to call it. Uh, it's supposed to be ribbit

and it's backwards. It's like the memecoin version of ribbita 8.7% to the upside. KDO 12.9 one of the bigger bubbles I've seen so far. Track and then what's down? Bonk. Bonk had those exploits, those problems. They got taken over. I am the captain now. They said as they took over Bonk and drained $20 million. I'm still blown away that they only drained $20 million. Like they must have been really serious about taking over the DAO, you know, cuz like if they weren't serious about taking over the DAO for Bonk, why would they uh only take 20 million when there was like about 320 million that they probably could have drained out of it? I don't know. It's pretty crazy. Uh FAR coins down a little bit. Awe. I mean, a few things down. Backpack [music] SPX6900. Nothing really to

report here. Let's move right along. Two-hour price rundown. Let's see what that overall market cap is at. For me, because I look at it every day. Maybe you come to Maybe you come to the show all the time. Maybe you don't. [music] Uh for me, looking at this price rundown and the overall market cap really helps me keep a pulse on what's really going on, especially with the crypto bubbles. I really enjoy it because I can see we are at 2.27 trillion in market cap. So, I can grasp from a day-to-day basis how much money has flowed in and out of the market. Does that make sense? [music] And of course, you could just keep a note if that's not an easy thing for you to do. 1.6% has flown out, right? And we are at 63,000. I did

just refresh it. CCP says, "Moon, any good Somali tokens?" I don't, but that that Somali pirate meme will ever forever live rentree in my head. That is for sure. I am the captain now. That's what they said as they took over Bon and just took $4 million or $20 million. They used $4 million to be able to carry the attack out and get their proposal on the Dow passed. They used four they bought $4 million worth of bonk in order to make that happen. And then they just proceeded to give themselves $20 million of bonk and fire the entire team of the DAO and put themselves in charge. At least that's what was in the proposal. Don't get me confused here. uh or don't get confused on what I'm saying. I'm already confused. You don't got to worry about

me getting confused. No, I'm just joking. But um in the proposal it said, you know, they get $20 million and they get to fire everybody and take over all the positions of leadership. Basically sounds like a Somali pirate takeover to me. Anyways, enough of that. Bitcoin $63,773. I do pay heavy attention to the 7-day percentages. We get a pump, they go up, and then you watch them kind of get flattened. [music] And that's where we are pretty much right now. So, as everything kind of gets flattened, I pay attention to what's kind of held up. Ethereum certainly one of the better ones holding up here. 6.8% in the last 7 days. $1,860, $1,861. Hopefully, I'm not saying that weird if you're not used to hearing it said that way. Uh B&B $572, less than 1% on the 7day. XRP

red across the board, but not too horrible. 6. Anything under 1% I don't even worry about too much. A$19. Uh XRP has been holding above that dollar mark for a while. I think that's good to see. If we could see like a dollar pretty much be the lows for the I think that would be pretty good moving forward. Salana $7543. Been working with a lot of Salana lately in the trenches and all over the place. Pump fun. Man, I caught a pump. Fun coin. Of course, I didn't get rich. I put a dollar in it. All right. and it it like it 2,000 percent xed on me. So, I turned like a dollar into like 223 dollars or something like that. It was a lot of fun. Uh but it's definitely not for the faint of heart, right? Cuz

then I I I deployed like another three four dollars and got just rugpulled on all of them. But anyways, that's for another part of the show. If you like that kind of stuff, if you want to see some of that kind of content, members only live stream. That's where a lot of that stuff is going to live. Unless it just turns into a separate live stream altogether, which it might. So, Tron 32, Hyperliquid $61.14, Dogecoin 7, uh, let's see, Zcash $5.31. Monero XMR $336. It's up 6.5%. So, Monero actually holding up really strong in this in this moment, in this time. XLM had a lot of bullishness around it, but it's it's moving just like the rest of the market. I hope you understand the distinction that I'm going for here when I'm talking about uh the 7-day because

you can see the difference, right? Where like look at XMR 6.5, Zcash 9%, right? It's held up well while everything else is kind of having a pullback where like XLM did not. That's kind of their strength in the market if you will, if you understand what I'm saying. Chain Link $8.31. It's holding up all right there on the 7day. Cardono 16 cents not holding up real well. Uh Canton Network 13. Graham or Toncoin $152. Don't worry, we're going to move along here in just a minute. DXE one that I've been looking at. DXE for some reason as a token, not for what they do and stuff, really giving me hyperlquid vibes like the way that the price is running and holding up and stuff. Uh, I look to see this thing climb the [music] market cap ranks here really

soon. Mr. Wolf says, "Good evening." What's up? Welcome in. Welcome in. I haven't seen that name in a while. Smash that like button. Make sure you're subscribed. And of course, the free Discord in the chat is a gym. Might not be free forever. You might want to get grandfathered into that as we build here. 26.4% [music] to the upside for DXE. Looking good. Uh, stable coin here or USDG. Just know that that is Robin Hood ecosystem dollar, right? That's all you really need to know there. And of course, we 74 cents, 3% to the upside. It's been holding up. All right, we're going to go ahead and move right along, but I do want to see where my meme core is at. [music] A$1.21. It's kind of a running joke here. Bought like $100 worth of meme core so

I could stake it. I'm going to pull it up for a half second because I want to see if they still have a stake. If you don't know what memecore is or memex, memecore is like the project. Mimax is just something that they built or were a part of building and uh they they've had some bad price action lately and their staking is no longer available which is not really a great sign but their product is really nice. It's a web 3 Twitter basically with web 3 functions and stuff wallet integration staking right in the platform. It's cool stuff. Maybe a little bit ahead of their time though, right? Like they might be a little bit ahead of their time. So, let's move to what is trending. This is us keeping our pulse on the market. As we get

bigger, I got to reiterate things a little more often because new people roll on in. Struggart said, "Tons of bugs this year." Wherever he's at. Struggle, where you at again? I forget. Some people it just locks in my mind. Sometimes it doesn't. Mr. Wolf said, "I wanted to know if any if you anyone here has heard of ecash." We've definitely heard of it. Uh, I noticed it pump on the clarity act news with Ando. You want me to pull it up for you right now? It's the beauty of coming to a small channel where we're locked in about research. We have looked at it because it was pumping. We did pull it up and take a look at it, but we didn't go we didn't go ham. We didn't go hard on the deep dive. We just kind of

took a look at it. So, first, anytime I'm looking at a coin, we go to the max chart. This is kind of my style of breaking things down. This is how I do my pre-recorded videos. Look forward to some of those coming soon. Uh September 4th, 2021 when it got that big pump, right? July 6, 2021 token generation event as far as we're concerned here. And it pumped out the gate, went really high, and then it really has not seen any kind of price volatility like that, right? And sometimes a lot of people think that this whole go really high and then come back down and then stay has a lot to do with the money in the market cap. And it does sometimes, but it also has a lot to do with chunks of the liquidity coming into

circulation is another big part of it. Now there's 21 trillion max supply. Hopefully you know your tokconomics. If you don't, man, it is [music] such an IQ raising event to learn about tokconomics because it makes such a big difference in the coins. You can find a great project and the tokconomics could make the price barely move or cons consistently go down for years um just because of the tokconomics regardless of how good the price is and the deals they have partnerships I should say circulating supply 20 trillion basically there's about 1 trillion coins between max and circulation let's come down and take a look at it though so ecash or xec is a layer 1 digital cash network developed by Bitcoin ABC. It was created November 15th, 2020. So, this is an older coin, right? I'll try to pause

on some of the more notable points [music] of information here. And has since distinguished itself from its predecessors and other than Bitcoin's clients by integrating the breakthrough avalanche consensus with its core proofof work layer. So, I'm assuming they mean Avalanche, the actual project. So, they that Okay, so this is where you could get confused cuz they could be talking about Avalanche or they could be talking about something that they built that has the name Avalanche in it. That would require a little bit more research, but it's a proofof work consensus, right? Or a proofof work layer extending its security and fundamental capabilities. The Nakamoto avalanche hybrid consensus right there kind of gives it away. Okay, so this is like a Bitcoin avalanche hybrid consensus [music] and that doesn't mean the coin avalanche necessarily integration gives the unique properties for

Bitcoin like chain such as instant transaction finality staking rewards extendability through subnets and flexible protocol governance. The development road map is set with three main goals. So here are their three main goals for this XEC. Scaling transaction throughput from 100 throughput per second to more than 5 million throughput per second. That's a big jump. Uh improving the payment experience with a less than 3 second transaction finality or finality time. Extending the protocol and extinguishing uh fork-free upgrades, right? Allowing a more rapid and uh interative development. So, we could read a whole lot about it, right? But we're not going to quite go there because we do have a show to do that. We just spend an hour on XEC and then I don't even know if the person who asked is even listening. But it's not just for them.

It's for everybody. Said, "I'm in uh New York City. Tons of mosquitoes." I think you got bigger problems in mosquitoes there, CCP. They're in New York City. I am not a fan of New York City. Let's put it that way. I live in Florida if that tells you anything, right? Read between the lines. Uh not that I have any problem with anybody who lives there. Actually, some of my best friends are all from uh Queens and then the like more rural New York. So, cash for the internet, scalable payments to meet the demand of tomorrow. So, this is really interesting. First thing that jumps out at me is the the how old the project is. So, there's that. And let's see. Avalanche. What the heck are they talking about? Cuz when they say Avalanche, and who knows, maybe this

is the the way that Avalanche, the actual project that most people know was set up. Maybe it has something to do with this and I never realized it. But Snowflake to Avalanche, a novel metastable consensus protocol family for cryptocurrencies went just everybody just fell asleep immediately. Don't worry guys, I'm not going to try to read this paper or anything like that. I know I know we're not we're not there yet. We're raising the crypto IQ but we're not to that part yet uh to that height, right? But anyways, this whole whatever this avalanche is has a lot to do with [music] uh you know consensus. And what is consensus? It's the manner in which a blockchain operates. like what are the rules? Proof of work being a good example of that. Uh building a public payment network at mass

scale. What I really want to know is roadmap and I want to know what the heck they're doing now. Okay? Because they've been around for so long with a project that's been around a long time. You got to think are they doing anything relevant today or are they still trying to live off of a hype from six years ago and that's just not going to carry them. He says I'm here brother. Glad to hear it. Glad to hear it. uh transaction throughput scaling transaction throughput from about a 100 transa Okay so this is kind of the road map we were already given I want to know what they've done in the last year right that's what matters to me they're giving us a little bit of a symbol here that means planning that means underway and this means complete

so we're planning a faster block propagation vague when I look at road maps and I deep dive them are they specific or are they vague egg. Let's see. Can I click on this and get more information? No, I I kind of can't. So, that's a problem. Okay, so the merc lx or Merkel tree, right? Which I could go on a long tangent about Merkel trees and stuff like that. I won't do that to you, but just know it has to do with meta metadata as as this application here. Scalable block processing and adaptive block size. So market driven through a 1 TBTE block. Okay. So the first thing that strikes me here is this whole faster blockchain thing that was their original plan. They set such a big gap between where they started and where they're going that I'

I'd like to know where the heck they are. But I'm not going to harp on that. just say that this is very vague and it seems like a lot of the things that were maybe the original road map type stuff assuming this is all original and not recent uh cuz they're not giving us any times and dates here right they haven't done it yet which is problematic what do they have actually underway is this UX UTXXO commitment blockchain pruning faster initial syncs this has to do with syncing which is very important between nodes and validators and things like that on a work. Don't let me lose you here. Usability. Okay, so we have several categories here. Usability. They've actually done quite a few things here. Avalanche, cash adder, sign hash, decimal places, convenient unit. Okay, I I'm trying not

to spend too much time on things that are not going to directly be valuable to the person who asked the question, right? And then we get to the tech uh enabling instant lowcost payments across the planet. So this is the part that probably has anything to do with clarity act stable coins or anything like that. If they have any integration or anything, it's probably the fact that they have lowcost payments cross border, right? Cross the planet cross border. Same thing very much even what you would hear talked about with like, you know, XRP or something. says, "Welcome to the state-of-the-art crypto ecash combines uh Bitcoin's battle tested proof of work with Avalanch's unmatched speed and security, enabling instant transaction settlement, millions of TPS, and lowest fee of the industry. So, one thing that I I definitely need to look

into, and I'll do it on my own time, not [music] right this second, unless it's just at the end of the show, is this whole Avalanche uh thing that what are they referring to? Does this have anything to do with the actual Avalanche project that most of us would know about? Or is this like some old Bitcoin consensus network metadata type [music] uh technology? Let's put it that way. Mr. Wolf says, "I'll be raising my crypto IQ and AI summarize it." There you go. I just found it weird. It pumped with Ono on bullish clarity act. Not many other coins pumped that day. Yeah, we we saw that and I definitely follow what you're saying. I was looking to see what the what the real narrative is behind this. What do they actually build that would actually cause anybody

to care about it in connection with Onondo in connection with anything like that? And and what I'm finding here is pretty much this lowcost payments across the planet, right? Crossber payment ono rwa. Maybe they're choosing this uh ecash for the rails, right? The rails to move some money around. I don't know. It's all speculation, right? Let's get into what's trending here. All right, we got Zano. Pudgy Penguins Cash Cat was down a bunch, down to 56 million. I'm hoping that money is going to go flow through the ecosystems there. Zigg Chain, which we'll come back and touch on. The Blackbolt Anom, another meme coin that was doing really hot. They don't stay up forever, that's for sure. Hyperlquid, Kronos, Onondo, Chain Link, Stellar with XLM as you would probably know it, right? Salana, Zcash, and Venice token. The innovative

game. The innovative game was was an interesting concept, right? We looked at that yesterday. Uh, Zigg Nali has rebranded to Zigg Chain. So, we have a rebrand here. here. I already knew that. That was there the last time I looked at this, which was probably like a month and a half ago, two months ago. Probably wondering what is Zigg Chain? Well, they got AI in there. Player 1 smart contract platform, right? Ziggnaui is a social crypto investment platform allowing users to invest in crypto by using Signals, copying experts, or delegated mode with profit sharing, eliminating the need for monthly subscriptions. Instead, users pay only a portion of their profit as a success fee. I could see a lot of traders not really wanting to pay a quote unquote success fee cuz what are they paying a success fee for?

They could just be successful somewhere else on an exchange or something like that. So, that's a very interesting concept, but I'm not really sure why they would want to use that. And again, I'm going to touch on this innovation game because I thought the concept was really interesting. Right? So, the TIG and I literally still have it written over here. Network for algamarithmic breakthroughs. It redefineses the frontier of computational research by transforming proof of work into a global engine for open autonomous innovation. This sounds really unique and really cool. if what they built works, right? If it's if it's actually a working technology and not just like some off in the distance promise, right? Even though sometimes speculators don't really care, but speculators tend to not get real excited about technology, unless it's up and running and being implemented

and actually changing the landscape right now. A lot of times it gets ignored. Uh 27 on the fear and greed index. We've been holding up really well. We were 25 yesterday, 23 the day before. A month ago, we [music] were 15. They got it in a bar graph down here if you want to know the individual days. But I always keep the fear and greed index number just kind of in the back of my mind, right? So, let's go trending coins. Make it the top 20 instead of the top 10. So, we have the ADI chain, which again, we've been talking about here recently. I think it's interesting. I'm going to do like a deep dive research video on the ADI chain. Then we have Glacius Labs, Galassis Labs, and Town Square. This one's new on the radar. I

don't know what this is. It is in a funding round. Glacius Lab provides multi-chain clearing and messaging infrastructure to settle stable coins and real world assets via the Zero Delta platform. Not familiar with the Zero Delta platform? Like we've been saying, everything that has been coming out here lately has just been all geared towards institutional services and and serving an institution interest in some way or another. So, this has security tags, crosschain tags, interoperability, right? RWA's API developer tools. So then we come look at our different tiers of venture capitalist. Coinbase at the top. Uh see Coinbase Ventures is quite active and I see they're putting a lot of money. Well, I don't know how much money per coin or whatever. This coin's only raised 8.9 million, right? But I noticed they're all in the investing with a lot

of these institutional services and stuff like that. It wouldn't surprise me at all if Coinbase and their their venture capitalist arm specifically is very on the pulse of what is coming down the pipeline for what institutions are focused on. And that is something maybe we should be paying attention to. One of the bigger reasons why I always do this segment every day. Town Square, right? Towns Square very interesting financial product. First of all, uh yield aggregator, you want to be real specific. Townsquare is a cross-chain DeFi protocol offering leverage yield strategies and lending for onchain assets. Now, of course, this is available to your regular retail, but understand these are the type of things, yield strategies that are very lucrative, important to institutions and big money players. So, keep that in mind. 17.4 million raised so far in an

ICO. It's still active, it says. So altogether they've raised about $17 million. Of course, when they're in ICO, a seed round token, uh, whatever, there's not going to be a token listing. That's what I was thinking. There's not going to be a coin. Just know that's why there's no coin. So, if you go look it up and you can't find a coin, that's why. Somebody's going to do it and they're not going to understand. So we have blow X route or BLXR that is an interesting name is a blockchain infrastructure company providing high-speed global relay network for ultra low latency transaction and MEV routing maximum extractable value routing. Seems like they're on the other side of that, right? Like they're not necessarily trying to protect users from MEV. They're trying to like low latency transaction and MEV routing. Like

sounds to me like they're trying to create some maximal extractable value for profit. Coinbase here, Plantier and Dragonfly, kind of the super team you see a lot. They're all tier ones. I don't go any further than the tier ones usually because I understand that venture capitalists and angel investors and stuff probably not everybody's cup of tea, but it is worth noting if Coinbase is throwing their money down, right? And how much money would be nice? 80 million. It would be cool if I could get a breakdown when I toggle this. Just thinking out loud. It'd be cool if it told me specifically how much money seeing details. Uh they want you to upgrade for this. One day I'll upgrade. So, let's see if we can get some more information here. The core product is the blockchain distribution network, a

global relay layer built on bare metal servers that minimize latency and route [music] and routes data privately. This infrastructure replaces standard peer-to-peer gossip protocol with optimized direct routes, allowing transactions, blocks, mempool data [music] to stream in real time across major networks. Now, if you know anything about maximal extractable value, and I'll get to the chat in a second here. If you know anything about maximal extractable value and mem pools, we've gone over this stuff in great detail, but I I don't know who was here and who wasn't here for those uh you know, IQ raising events, but the speed of them being able to see what is going on on the memp pools. The mempool is where your transaction proposals, remember when you go to your wallet and you have a transaction quote unquote pop up and you sign

it, you're really just signing a proposal, right? The transaction is not guaranteed or and it doesn't happen right then. That goes to what's called a mempool. Think of a mempool as just a waiting area. It's just a waiting space where they wait and then they get pulled by the validator. Those transactions get pulled into a block and then they group them together in a block. And when the block is full, it's finalized, right? Finality. And then that is, you know, permanent on the blockchain at that point or considered final or the transaction is done, however you want to say it. It's all the same thing. Well, when you're doing maximum extractable value, sandwich attacking, whatever it is that you're doing, you you need to have really good fast data to see the things as quick as possible. And latency

is what messes that up. you might, you know, have bad latency and see a great opportunity to make money. Again, they're bots running this, not real people clicking, you know, clicking things. It's bots. But, uh, if the latency and information, the bot even can't run at at full port, right? It's it's limited [music] even to its data feed. As we move forward in the world, people are going to become more aware of things like that like latency and data feed because as you have AI agents, bots and stuff like that, they can be phenomenal coded and all this stuff. If your data is junk or your connection is slow, it's not it's going to miss opportunities and things like that. that if you're really if it requires uh an intense speed. I I hope I explained that well. Mr.

Wolf says, "Uh, Trump addressing the nation. I don't know if you want to pop it up on the stream." Really? Uh, put a 111 in the chat if you want me to pull up Trump's addressing the nation. and throw a 33 if you want me to continue the show as normal. Now, remember that doesn't mean we're going to ignore whatever is said or whatever. We'll actually just uh we'll actually just summarize it later or something like that. Let's see. Does anybody have an opinion? Does anybody say anything? Where are all my people? Master decks. Melissa said no. I don't know what no means. Does no mean you don't want me to do that? 3 I3 continue as normal. That's what I figured. Uh, a lot of our people here are very much geared towards education and that [music] would

take a lot of our time away. So, we we'll probably pull a a series later. I see we lost a few people. They must have gone to watch Trump's speech. Maybe they didn't even vote. They didn't even give me a chance to put it on for him. Also, where's Camsta? That's what I want to know. Where's Camsta? Where's Blues Guy? Master Dex. Master Dex is a multi-chain DEX aggregator and DeFi platform integrating AI tools for optimized non-chain custodial trading and platform management. It's got a name like Master Decks. I mean, you can imagine what it probably is. I like how they're using like the uh Irish symbols there. I don't know if that's on purpose or if they just thought it looked cool. finance platform. Yep. Exchange aggregator. It's a decentralized exchange, right? Do we do we have to

go that far into it? Struggle hearts have 555. I don't know what that's supposed to mean. Struggle heart. Struggle heart always has all the jokes to keep us laughing. Uh, Master Decks is acquired by LCX. What is LCX? That is so familiar. It joins the LCX ecosystem. Ah, so many things in crypto to keep straight all the time. Let's launch their app. See what they got going on. Here's your web 3 version. LCX. [music] I really feel like I need to look that up. That sounds so familiar, but I'm like, is that in crypto or is that like a bank or something? LCA. Okay, so this is an exchange. So, this is a what? centralized exchange buying a decentralized exch. Yeah. Okay. So, it's a centralized exchange buying purchasing a decentralized exchange. You never know what kind of information

might come in handy down the line. So, knowing that LCX has now acquired their own decentralized exchange and maybe taking a moment to think about something like why why would a centralized exchange want to own and operate a decentralized exchange? Why would they want to do that? And what did they buy? Right? If the code is decentralized and all of this stuff, which maybe it really is, maybe it isn't, why would they want to buy it? And what did they buy? Did they buy the treasury? Like what what exactly were they purchasing? That's that's my question. Orange juice. It's [snorts] in a funding round, but what the heck is it? It's got a Bitcoin logo. What does orange juice have to do with Bitcoin? I don't know. Maybe I'm missing the joke here. Orange Juice is a US permanent

capital firm. This is a capital firm building a Bitcoin treasury. Okay, so it's a treasury coin. Treasury management. So, is this like a Michael Sailor idea, but they're going to do it as just a US capital firm? I'm with it. Get all the money together, buy all the Bitcoin. That'll get people heavily interested in everything else. Struggart says, "High 55, low 55." So funny. Sorry, Mr. Wolf. It'll have to happen next time. We got a lot to go over. Uh, Orange Juice is a United States Yeah, we already read that part. Founded by industry veteran and backed by major anchor investors, the firm targets established cash flow generating businesses across various traditional sectors. Okay. Rather than operating a standard fund life cycle, the company employs a long-term holding strategy to enhance operational health and sustainable growth and sustainably grow

its commercial portfolio. So, they're just going to hold Bitcoin. They bought they they raised $40 million. I guess they're going to buy Bitcoin. They buy it now. They say they're long-term hold. Is that you know a year could be considered long term if you wanted it to be or are they talking 20 years? Either way, I think they're going to do pretty well on their investment. [music] Right. So Pascow is in a funding round right now, but what is it? Pascal is a decentralized prediction market platform for [music] traders. I don't feel like we need more prediction markets, but whatever. I hope they have a good plan to compete with all the people who already have highly successful prediction markets. They've raised 9 million. Is this like having a decentralized exchange where like it doesn't really matter because you're

going to make some money no matter what off of the fees? Why does everybody want to operate a prediction market, right? Probably for the fees. We got alpaca, which is a common name. I've heard alpaca used. There was alpaca farm. There was Alpaca something else. Alpaca DAO I believe. Anyways, Alpaca is a API first brokerage platform for tokenized stocks and AI trading agents. They've raised $723 million, right? So, you might think this is nothing, but it it might be something. Got an incubator in here. This Y combinator. I've seen that before. I don't know anything about it. All the names here seem to be Well, this one's David Deine, so thought it was all pretty foreign here. Brokerage infrastructure that provides developers and institutions. There's the magic word. I'm telling you, if you're not paying attention to the fact

that institutions, they're not coming. They're here. They're well here and they're building at the bottom of what is probably the bare market. And we'll say this over and over and over till people are tired of hearing it. And then a year from now, people are going to be like, "Why didn't you tell me that the institutions were going to make all the money telling you now they're going to make a lot of money with seamless access to traditional finance markets and digital access? And on top of them making a lot of money, the people who have positioned themselves to serve them in some kind of way, whether it's digital, you know, uh digital inspection of the blockchain for them or holding custodial. I saw a company the other day that was talking about they're going to run the nodes,

right? Because when a big whatever it is, whether it's Block u, you know, Black Rockck or an institution of some other kind, they're not going to want to run their own node on Ethereum, they're going to want a professional who manages it, not just runs it and stuff, knows what they're doing, and then is going to manage it for the foreseeable future for a fee. That's what they're going to want to invest in, right? They're not going to want to just buy all the stuff in Ethereum and then try to figure it out at home on their home computer or something like that. That's not how they do business. Glide. Glide here status. And they don't even tell us their only backer is Moonay. And I remember when Moonay was just a tiny little thing. Moon has really moved

up. Glide is a crypto deposit gateway, an API supporting over 30 blockchains. So it's a gateway. It it gives access right interoperability uh digital asset infrastructure startup focused on providing seamless cryptocurrency deposit solutions for decentralized applications and enterprise clients. Enterprise clients big money. And they're going to glide right in there and they're going to find a seat at the table to to have access to some of that money. So what is the point here? Swim with the whales. That's the point. If you get the opportunity to buy these coins, I don't know if they're going to be offered publicly or whatever. Most likely, if they're on the blockchain, if they're real crypto projects, you should be able to buy a coin somewhere. Uh, a lot of people aren't going to be paying a lot of attention to them. You're

going to want to know if the money is going to flow into the market cap, though. Are they burning? Do they have anything to do? Are they going to burn some tokens? Are they going to buy back? Is there anything in the white paper that says, "Hey, the price might go up." What are the tokconomics? All of that stuff is still heavily important, but know that there's high chance of money flowing through them because they provide a service to the institutions and they're the ones with all the money, right? Uh Mr. Wolf says, "Well, that was a nothing burger." What'd he say? Mr. Wolf, give us the rundown. I appreciate you. He says it was a nothing burger. Then I guess we did the right thing by staying on track and not pivoting over to whatever he was saying.

7.4 4 million total raised ZK proofs. It's a good narrative. Know your narrative. ZK proof is a good narrative because ZK proof is privacy, right? Uh real cryptography technology, right? Sovereign is a infrastructure platform building a modular which we've talked about higherformance SDK to simplify the deployment of zero knowledge rollups. Before we had zero knowledge rollups, we had fruit rollup. I mean, not for ropes. Uh, no, those that's the childhood. That's uh we had optimistic roll-ups, right? And I'm messing with you guys. Um, [music] optimistic roll-ups were optimistic. I I every time I learn about [music] optimistic roll-ups, I understand why they used them in the solution. It just seems like a bad idea to just optimistically assume everything is not fraudulent and then kind of deal with what is fraudulent whenever you figure it out. I guess it

was necessary to move the ball forward. But CK proofs being able to prove things are legitimate with the added privacy bonus of having zero knowledge about anything in the transaction. How they do that. I know it's mathematical, but it it's it's pretty cool. ZK zero knowledge stuff technology is really interesting. I would love to do a whole show on or a whole series on zero knowledge and homorphic encryption and stuff like that, but I might I might just break. Yeah, that might be the straw that breaks the camel's back, right? Cyclops has raised $28 million. I'm going to get to that chat in just a second. Cyclops is an infrastructure platform designed for payment companies and financial institutions. I'm telling you, one after another, they're all in funding rounds. They're all, you know, look, Coinbase Ventures here again. And

that's really your top 12. Like your top 12 searched coins, trending coins on Coin Gecko all have to do with this. And then of course you go into Verge, Digibite. Why have people searching Digibite? It's been 12.4 years. Digibitete hasn't, to my knowledge, done anything amazing. They've done stuff, but nothing like revolutionary amazing integration. Uh but anyways, they keep getting keep getting talked about in search. Dogecoin even in there. I like that. B3 fun. What is B3 fun? I know. I've heard of that. I even feel like I did I did a a review or a series or not a series a real on B3 at one point. B3 is a horizontal scaled gaming ecosystem built on the base blockchain. You know, you get my attention. Uh, when you have something to do with gaming and crypto, DeFi gaming

as we call it, but the chart looks horrible. Chart doesn't look good. Gaming hasn't done well. So, I don't know why their chart would look good. ALD is a full cycle RWA tokenization platform structuring, issuing, compliance, listing, and management. But then they have like a weird AI symbol that doesn't for whatever reason the weird AI symbol. It just doesn't scream like legitimate serious that screams like college kid in their room with chatbt or Gemini or something. Nano banana something like that. It's on the B&B blockchain. I love B&B blockchain but a lot of nonsense is is launched on B&B blockchain. Let's be real. And now a lot of other blockchains as well. >> [music] >> And that's kind of the rundown of that right there. Let's get into where we need to be. That's the wrong one, of course.

Let me tell you a little story about crypto. And let's see. Mr. Wolf says, "China was accused of voter fraud and meddling and reopening investigations for the 2020 election [music] and then demanded that the Save America Act or Save America after I think he meant act to be passed into office." So, the voters are required. Yeah. Ver I Yeah, I know what that is. Verify identity before voting. Okay, it's very interesting. Thank you for giving us a rundown of what what was said. Melissa says, "I love B&B too. Smash the like button if you uh started your web 3 journey on the Binance Smart Chain." Chris Cos in the house. 333, my fellow lifer givers gain. All right, so we do a series. If you're just rolling in, I see a lot of people just rolled in. Smash that

like button for me. We do a series every week and now we are going to get into what the problem is that we're trying to answer. The kill switch myth that's what it's called. The public conversation usually gives us two extreme answers here. The first answer says the United States and the question the two extreme answers is to the question can crypto can the United States control the global sphere of crypto? Right? So the first question says United States controls crypto because it controls financial regulation banking and the dollar. So the first idea is that because they control regulation banking in the dollar they effectively do control cryptocurrency. The second says the governments are powerless because a decentralized blockchain cannot be switched off. So that's your two extremes of the argument here as we try to dial in and

figure out can the United States government pretty much control global crypto. Both answer both answers confuse the network with the economy surrounding the network. So both answers confuse the networks with economy surrounding the networks. Right? So to say that because it's not very clear the networks themselves and then the economies that surround the network. So like you know Ethereum and then Ethereum ecosystem avalanche avalanche ecosystem. They're not the same thing although they're heavily related. Bitcoin consensus rules are enforced by participants distributed around the world. I'm going to try to slow down a little bit. The United States cannot unilaterally rewrite those rules or cancel every foreign transaction. But most people do not live entirely at the protocol layer. And this is actually a bit of some IQ raising sauce here is that a lot of times you're not actually

interacting directly at the protocol layer level. you're interacting with something built with the protocol layer like a wallet that's not directly into, you know, it's built on top of but it isn't exactly the protocol layer. I don't want to get too deep into that right now. The buy crypto through exchanges, they buy cryptos through exchanges. They hold dollar stable coins. They use custodians, which is, you know, centralized exchanges and things of that. Next, they connect bank accounts. Projects seek institutional capital. Companies want American customers. Investors want courts capable of enforcing contracts. Makes a lot of sense to me. So, every one of those connection creates another possible point of influence. Again, in a real I put out today as a call to action to this stream, I said that, you know, they don't necessarily have to control the Bitcoin

code, the United States government. They just need to control the doors around Bitcoin like the on andoff ramps is a great example. So the useful question is not simply can America control crypto. The better question is which layer can Americans pressure and what can the users do if they want to route around that pressure? The shift America controls the ports not the ocean. We use that analogy in the beginning of the show. I think it's a beautiful analogy uh because some people work well with a metaphor. Think of open blockchain networks as the ocean. Not single country owns the entire ocean, right? But a ship can follow different routes, depart from different countries and communicate without asking one central authority of permission. But ports still matter. So a boat can leave a country. It can take 17 years to

get, you know, where it's going. It can travel all over the ocean and take whatever route. That's the point. But eventually, it's got to go to a port. Even if it just comes back to the port that it left from, it has to go to a port somewhere. That's where you get, you know, fuel. That's where you deliver supplies and, you know, get supplies. Ports [music] are what matter. So, it comes to the point where like people who trying to control what's going on on the ocean trade, this has been relevant for a lot of history, guys. uh they they weren't really all that concerned about where you were in the ocean. They were concerned about who controlled the ports, where the boats come and go. [music] So ports determine where cargo enters the market, which companies receive banking

services. And remember this is an analogy for crypto. Which operators must identify the customer? KYC, know your customer. [music] Which asset can be seized when they arrive? So you show up to the port and they seize your ship basically is what's going on as far as control and crypto. America's largest ports are the dollar, stable coin issuers, banks, regulated exchanges, centralized exchanges, custodians, payment companies, and [music] access to US customers, access to our, you know, economy. A dollar stable coin might travel through a decentralized blockchain, but the token usually represents a promise made by a centralized issuer. That issuer manages reserves and redemptions and may possess the ability to freeze particular tokens, especially in stable coins. The transportation rails may be decentralized while the asset traveling on the rail remains centrally administered. So they're saying like, hey, you might

have a protocol and you might use a lot of USD in it. The protocol might be decentralized and the government can't do anything about it, but the government can also still go directly to USDT, USDC and seize and freeze whatever money they want. And it doesn't really matter that your protocol is decentralized. The same principle applies to an overseas exchange. The exchange may be registered in another country, but if it actively serves American customers or creates another meaningful US connection, it can encounter the American jurisdiction. We saw this a lot with things like Kcoin, Mexi Global. That is how the United States gains global influence without owning the underlying blockchain. They just go straight to the po the points that matter and they don't really worry about the rest of it. Kind of like the ocean and the ports

analogy. It does not need to control every block. It needs to leverage over something the market values. Dollars, liquidity, customers, banking relationships, or legal legitimacy. But what's the payoff here? Influence works only while the market wants the specific gateway. America's power is strongest when the global crypto user wants access to things America controls which would be like the American economy or the American user and more specifically the money that Americans have in their bank accounts. If users want dollar stable coins and United States [music] has leverage over the conditions under which those products enter its markets [music] that is your uh genius act and clarity act has stuff to do with it as well but everything to do with stable coins and that is the United States leverage over the conditions think about registered being registered or unregistered having

a license being unlicensed the conditions under which those products enter the market. If a foreign exchange wants American customers, American can demand compliance to the regulations as the price of access, right? So, first of all, they can demand that you're compliant if you even want to play. But then they can come up with a license and you got to buy the license and they can set the license rules, but also how much the license cost. one one big time payment you got to pay every year quarterly they just make the rules right and [music] that's how you get power over something you didn't have power over in the beginning if an institution wants US banking and legal certainty it must accept American rule but that power [music] has limits to it users can hold assets in self-custody develop developers

can publish open-source software foreign countries can create their own regulatory framework liquidity can migrate Some transactions can move through non-dollar assets and [music] services beyond intermediate American reach. This creates a strategic paradox. Let's check out that chat. Says, "If I'm not mistaken, USDC and USDT is the only denomination currently on the form of fiat to purchase assets. Are you saying that USDC and USDT are the only dollar peg stable coins? Let's see. Let me read that one more time. If I'm not mistaken, USDC and USDT is the only denomination currently the form of [music] fiat to purchase assets. No, USDG just launched. Uh you have RLUSD, which is Ripple's USD stable coin. Then you have a whole host of stable coins. Let me see if this will answer your question. Right. stable coin as a category, US Treasurybacked stable

coins. And you're going to see, take a look, USDY, USDO, USD, USD1, uh, or this is actually USD M1. You have USD1, [music] which is Liberty, World Liberty Finance. What's up, Cam Still? Welcome in. Welcome in. uh you just have you know there are so many stable coins it would it would blow your mind but these are the big ones right because this is by market cap right so if you look by market cap and I don't even know where is USDC and USDT funny enough they're like not really here but anyways there are so many US pegged US dollar peg stable coins it's incredible Let's see. So, if America developers or develops rules that are clear, credible, commercially usable, more of the global crypto economy may voluntarily pass through American ports that increases American visibility and influence. If

the rules become so restrictive that companies and users abandon those ports like we did in the beginning of all of this crypto here in America, that's what happened. The United States may have strict authority over a smaller portion of the market. So, it almost was like America and the SEC and those people involved were trying so hard to control everything that they really just ran the entire market into other places so that other countries and things benefited and became the ports that everybody used. And the United States had little to no traffic. So if they wanted control, what they had to do was open up the port center and make it so everybody wanted to could come in [music] who wanted to and then they would kind of gain a level of influence or control over that. So the

answer tonight question is layered. It's not just a simple straightforward question. America cannot control global crypto everywhere. It can shape a large portion of the crypto economy. So much of that economy still wants the dollar, right? because so much of that wants the dollar liquidity, customers and legitimacy because again being regulated in America very much is a stamp of legitimacy across the board. Campa says Trump using all the power of the US to massage his precious ego about election fraud. This guy is encouraable. incourageable. Did he mean like incurable or something like that? Well, you won't like my opinion. Somebody who spent actually quite a bit of time digging into a lot of that stuff. And I don't mean conspiracies. Not what I'm talking about. I'm talking more about like uh election and there's election analysts out there. It's

it's a it's not a common job of any sort, but there are people who all they do is analyze elections and data. They're data analysts, but they're specific and all of those people pretty much all say the same thing. Was it completely overthrown and he should have won 2020? I don't know. I don't know about that part, but I do know that there are a lot of problems around the way that it was done. And there were people who changed the rules about the elections in their states like Pennsylvania who clearly did not possess the authority to actually change uh rules around elections. And I'm going to leave it at that. So uh he might have been cheated out of the 2020 election. And I'm not saying that cuz he says that. I'm saying it because if you actually

look at the [music] real real smart people who all they do is data analysis, they tend to agree with him, right? Uh, KDO 11%. Oregon Trail, those are your top gainers. Look at your top losers. Lighter fart coin, top loser only 10%, top gainer only 11%. That's really nothing that amazing. And and just what the last thing I'll say about that whole Trump in the 2020 election, you got to be careful how much because this goes so handinhand with self-education things. You have to know you have to really sit down and think how much do you really know about a lot of that stuff and the way that it works and how it works. How much do you know like the raw, [music] you know, format in which it goes through legislation, all of that stuff. Uh what actually

happened during those times and not just who said what. like they all can say whatever they want to say, right? The the data was supposed to be recorded and preserved and almost every single state decided to not preserve any of the data. Go back and look at every other presidential election. How many of those did they destroy the data or just decide that they weren't going to preserve the data? None of them. Absolutely none of the previous elections [music] had they ever done that ever. So, it's a little weird. You you can't say that that part's not a little bit strange. Let's do some news. Like I said, I've spent a [music] lot of time studying that and not in conspiracy circles of people talking about Q anon. That's not what I'm talking about. But we'll do the news

and we won't we won't go into we won't go into that because at this point, what does it really matter? I don't know. Cam says, "But who cares now? I mean, we got bigger problems. I would I would certainly push back on that Camsta because if they were able to do it once, they can do it a bunch of times. If nobody looks into it, you let them get away with it, then you have no legitimacy. Even if he's completely wrong and everything that he says didn't really happen and everything, not that he said, but a lot of the people involved whose job it is to study that kind of data. So, let's let's pretend all of them were wrong, too. uh we still need a really indepth analysis so that public trust can be in you know uh

the elections because if the public decides they completely don't trust them it's going to impact [music] the elections highly moving forward. So regardless of what was right or wrong, we do need to get to the bottom of it and actually publish some kind of conclusion, which they you think they've done, but they really haven't done that, right? And there's still lawsuits going on in states like Georgia and stuff like that over the way that they handled it. And if nothing was done wrong, then why were many people found guilty in many court cases in a place that's not friendly to Trump at all, Georgia. So let's see. Bitcoin adoption. The first like four or five news things are probably not highly relevant. I see I lost like five people. Yeah. Hey, you don't agree with the if you don't

immediately agree with the media narrative, you're going to lose most of your normies. It is what it is. A doormat a dormant, not a doormat, but a dormant. Uh 2017 Bitcoin whale moved 383 million. A Bitcoin wallet that had been dormant since 2017. Wow. So, I hadn't done anything since 2017. He was probably just holding his coins, right? Moved 5,98 BTC. And what are we going to try to say, right? He moved it all so he could sell at the bottom of the market, right? I really hope that's not going to be their narrative because that's just dumb. Coindesk reported that the coins moved to a fresh address, not an exchange. There you go. So, it doesn't look like an immediate market sale risk. Yeah, because what whale who has almost 6,000 Bitcoin would be like, "Oh, bottom of

a bare market. Let me go sell all of my Bitcoin." Like, they just moved it. So, like they start the story with, you know, this whale moved the coins. Yeah. He moved it to a different wallet. Maybe he didn't like the wallet that he had. Maybe he was getting nervous. It had been sitting there. For some reason, when you have a wallet and your money's been sitting in it a long time, you just start to get worried that it's not like safe. I don't know why it happens, especially when you self-custody your own money. And so then you're just like, let me just get like a more advanced, newer wallet with a company that's more on the up and up, more new, and then I'll go ahead and move my coins over there. I've done it. Melissa says, "Popcorn."

All right, so here we are at the news. Ethereum is outperforming Bitcoin this week. For some reason, like the first five are just all Bitcoin price related and then the first like 10 are like not very deep. So, we're going to keep going here. We'll go quick through the first couple and then we'll get into the more interesting uh news around today. So, [music] Tro Price launched an actively managed multi-token crypto ETF. So, this is another multi-asset ETF I guess. I don't know who T-Ro sounds really familiar, but for whatever reason in my brain, I'm not connecting that. Uh, launched what it says to be the first actively managed multi-token spot crypto ETF. I don't know. We already have multi-token ETFs. Maybe they're not spot. I would imagine they probably are. I'm pretty sure all ETFs are spot, right?

There's no leveraged ETFs yet. The fund ticker TK TKNZ can hold Bitcoin, Ethereum. I like how they say Ether instead of Ethereum. Uh, that's weird. Don't do that. B&B, XRP, Salana, Hyperliquid, and other digital assets. I don't know. All All my real crypto people, have you ever said Ether instead of Ethereum? I I feel like nobody has. I feel like nobody who's actually what I call real crypto people, right, who actually know something about crypto, they don't just hold, I don't know, [music] XRP in a wallet because of a narrative they saw online like real crypto web 3 people who actually have ever used a decentralized wallet in a web 3 protocol. But anyways, we we don't we don't say ether like that. That's weird. This is a major institutional product. My point was a lot of the people

writing this are not crypto people. The ETF market is moving beyond simple Bitcoin and Ethereum exposure into active crypto portfolios. Uh the lifer has been doing a lot of content around some of this stuff and I really love his content. the whole idea very much the fact that you know institutions and the the traditional players they watch things like ETF literally just to see what the other institutions have an appetite for and there's a lot of outflow coming out of Bitcoin and there's a lot going into Ethereum and other altcoins and stuff which is very interesting. I wouldn't count Bitcoin out. Uh if it goes lower they're going to pour in. Right. Citadel Securities invested 400 million in Crypto.com. So, Crypto.com got a nice big, you know, injection of liquidity. Citadel Securities invested 400 million in Crypto.com, valuing the

exchange at $20 billion. Crypto.com said the money will help to expand into tokenized securities, derivatives, and other class assets. I was kind of waiting, right? Because when you hear stories like, you know, the beginning of the story that we went over is Kraken, Bass, and Robin Hood pretty much enter the the super financial app world, right? With tokenized assets and and blending between crypto and traditional finance exposure, right? That's cool. But in the back of my mind, then we see Gemini come along, which Gemini has its own exchange. Uh they come along and they're like even getting into some of it. And I was like, how is Gemini coming in and getting into the mix with this? And Crypto.com is sitting on the sidelines. So, here it comes. They I guess maybe they needed money. I don't I don't

It's hard to believe if they're valued at $20 billion that they needed money to to get this done, but maybe they did. So, anyways, I'm sure Citadel is getting uh a a chunk of the profits here. A percentage of the profits. Maybe not a chunk, but a percentage. This is a big trady meets crypto story. Exactly. Citadel is one of the most important market makers in traditional finance and this investment signals that institutional firms still want exposure to crypto market structure. And I'll keep saying this for at least a couple more days. What caused the, you know, great depression? The story everybody's heard about, little people actually know anything about, you know, technically why it happened is that the banks were allowed to make markets, not just make markets, more specifically, they were allowed to profit off of the

markets that they made, which made them highly predatory, you know, and so that caused this huge bubble. And when that bubble popped, you got the Great Depression. So that's when regulation came together and said, "Hey, this is a big problem. We're going to make it so banks can make markets, but they can't profit off of them. Therefore, they can provide the service of being a market maker, but they can't necessarily be predatory in any way where they turn a profit off of it, which was good for the whole ecosystem, right? It was good for finances in America. But with the legislation coming down the line with the with the genius and the clarity act pretty much is going to say, "Hey banks, you guys can make markets and profit from it as long as it's altcoins." I don't know

if Bitcoin what I don't know where Bitcoin falls in that, but as long as it's altcoins. Now, way down the line, it's probably going to cause a really big problem, but right here in the immediate future, probably going to make a lot of people extremely rich because institutional money is going to be flowing into like altcoins. You [music] would not expect it. That's my own opinion. They're going to be after the profits. They're going to be heavy uh predatory just as they always are anybody who's making money. So, keep that in mind and maybe do your own research a little bit, right? Visa launched a stable coin platform using OpenUSD. Visa introduces the Visa stable coin platform. There you go. An enterprise service that lets institutions more institutions issue, store, transfer, redeem stable coins through Visa managed infrastructure. Visa's

company wants to set up the infrastructure so that when all of this again the writing is on the wall, the institutions are going to be very very big players. Banks go hand inand if they're not the institutions themselves. A lot of times they own each other, right? Or are the same thing. And so [music] they're coming and people see that they're coming. the big players, Visa, you know, Amazon Web Service and launching their whole thing about AI agent payments, stuff like this is saying, "Hey, people want to position themselves around what's about to happen because they all are reading the writing on the wall and they want to make money off of this. Visa is going to charge fees for all these people who want to redeem stable coins through their infrastructure." OpenUSD is putting pressure on Circle. This

is fun. We're going to have like the stable coin wars. Circle shares fell about 5% as open USD competition intensifies. Yep. Coindes reported that open standard is backed by major names including Visa, Black Rockck, Alphabet, that's who owns Google, and Coinbase. And that open USD model could shift more stable coin economics from issuers towards distribution partners. Uh, I I have a whole tangent I want to go on on that, but I'm not going to do it. It's gonna take too long. How's my chat doing out there? All right. Visa says stable coins will power AI micro commerce. A new visa in Artemis reports a new Visa and Artemis reports says future Agentic Commerce may use a hybrid payment model card rails for large payments, right, and stable coins for microcommerce payments between AI agents and machines. Micro payments, X42

protocol, Coinbase has already built a lot of it. AWS has come alongside [music] them, built stuff, and have partnered with them. It's going to happen. And who do you think's going to be using a lot of AI agentic networks to run a lot of the markets that they're making? Institutions and [music] banks. This matters because AI agent payments narrative keeps getting stronger. Stable coins are being positioned as programmable money for small automated internet native transaction. again the X42 protocol and things that's the rails that the money is going to move on. The money that's actually moving will be stable coins, right? Visa, Stripe, Google, Mastercard, and others join the X42 Foundation. I didn't pre-look at these, right? You guys watch me type in today's news. This is just the compounding effect of doing this show every day, right? The

new X42 Foundation is working on an open payment standard for AI agents. Coindesk reported that protocol is designed to enable payments between AI agents, machines, and users over the HTTP. Just over the HTTP. Does anybody understand what what's being said there? With major members including Visa, Mastercard, American Express, Stripe, and Stellar XLM Deployment Foundation. Straight up. This is the part where like so much stuff has been said for years. And of course, people are going to try to use this little thing going on here. And I don't want to say little because it's not little. Over 50 of your most predominant people are building on the XLM network. That's interesting, right? But uh they're going to use it to try to say everything they ever said [music] is now fact. Don't get swept away in that. uh every crazy

thing that some riddler said isn't necessarily true on Twitter just because it is true that Visa, Mastercard, American Express, uh JP Morgan, like all kinds of really big people are building on the XLM network. This is a major AI plus crypto infrastructure story. The goal is to avoid a future where AI commerce gets trapped inside a payment network. Ledger launched AI agent wallet tools that still require human approval. So Ledger launched Ledger agent stack, an open-source toolkit that allows AI agents to read balance, analyze portfolios, prepare transactions, and suggest actions. So this is something Coinbase was doing, right? Coinbase was going to have these AI agent built into your Coinbase app and it's going to know your portfolio specifically and it's going to know kind of your appetite for risk, what you're trying to do, what kind of trades

you like to make, if you like to buy stocks, if you like to buy altcoins or a combination of both. And it's going to make recommendations to you. It's going to basically be your financial adviser. That's what Coinbase said in their in their big, you know, proposal that they did on this is that, you know, you're basically going to have a financial advisor that is legitimately certified as a financial advisor AI agent and it's going to be able to recommend stuff to you. Now, I don't know if it's going to be able to do stuff on your behalf. That's probably the next leg of it. But at least here and now, it's going to be a 24/7 financial adviser, which is pretty cool. If you need financial advice, instead of my old saying where if you I'm not a

financial adviser. If you need one, go find one. Uh my new saying will be like I'm not a financial advisor, but you know, Coinbase is or Coinbase app has one. Go there. And then I'll recommend people my affiliate link. It's going to be great. I'm just playing, guys. But the key detail here is that every sensitive action still requires approval on a ledger hardware device. So you'll have control over your AI agent because it can't move without that that signature. It's cool idea. Now, does it open anything about Ledger [music] up to problems with AI exploitation? I have no idea. And don't think because you don't use Ledger that this this is not [music] coming to every other hardware wallet. At first, Ledger might implement it and then everybody might run over to Ledger, but everybody else will be

implementing it shortly if they're not already building it. Alpaca, wow, it's almost like we already covered Alpaca raised 135 million for tokenized infrastructure. If I remember correctly, they've raised far more than that. Alpaca had like 723 million. Let's try that again. Yeah. Yeah. Their story must uh be a little bit behind. Alpaca's raised $723 million, not 135 million. Big difference. Coindes says Alpaca has cleared or held custody for roughly 94% of US tokenized equities. 94% of tokenized equities. That's a lot. That's like the entire market and holds over 1.5 billion in underlying stocks backed tokenized equity products. Sounds to me like Alpaca kind of runs that market, huh? This is a very important tokenization story because tokenized stocks are not just about putting a ticker on chain. Regulated firms still need to hold the underlying shares, handle custody and

process corporate action. So there will be players in the midst who are the ones actually holding shares and handling custody and stuff like that because that stuff is heavily regulated. Galaxy launched institutional DeFi yield vaults. Again, what is a what is a de a decentralized finance? DeFi yield, which is put your money to work. Yield is not a new thing. And vaults basically lock up your money, put it to work in decentralized finance for institutions. Why would you do that unless institutions are coming? So, get this because I got another kind of story to tie into this. a morphobased institutional vault platform distributed through Fireblocks. Anybody remember talking about Fireblocks? Anybody remember? We speculated hard. I didn't buy the token, but I speculated really hard on Fireblocks, who owned them, how they got a billion dollars, all of that

stuff. The product gives Fireblocks 2,400 institutional clients. So right here it's telling you Fireblock has 2,400 institutional clients access to curated onchain yield strategies for idle stable coins. Morpho based institutional vaults or Morpho lending is also integrated on Coinbase. I keep getting a notification that says, "Hey, you're, you know, for a limited time you can get like I think pretty close to 7% uh money on your stable coin USDC uh through Coinbase, but they're using Morpho Protocol in order to do that. But you could just one click through their app and keep the money all on their app. It's it's very interesting. It's basically like locking it up like staking for those who are maybe a little bit less uh you know understanding what all that means. Tether froze $131 million tied to Iran central bank wallet. That should

pretty much surprise absolutely nobody. And where do we want to go from here? Let's bounce back over to some education. Where all my people at? Throw something in the chat. Let me know you're still here. Take a look at those custom emojis. >> Prime Minister, are you still out there? All right, because I do have a question for you. Okay, so let's get back to what we were talking about. So, the series is Who Writes Crypto? Let me lay it back out for you. And the question is, can America control global crypto? Not just crypto within America, but globally. So, let's begin with the four layer crypto stack. This is our way of organizing and drawing a power map, if you will. Before discussing control, identify the layers being controlled. Just like before we discussed who writes the rules,

we discussed who the players on the board were. First, you have the protocol layer. The protocol layer is your miners, your validators, developers. Consensus rules determine whether transactions are valid. So, consensus, who's involved with consensus? All of these people, all of these, you know, people on chain, validator, nodes, miners, and developers, and all of them together have to do with your consensus rules determine whether transactions are valid because that's what they do. They validate transactions on the blockchain. Asset layer. So, we have a protocol layer, an asset layer. An issuer may control token creation, reserves, redemption, upgrades, or freezing action. That's at the asset layer. Then you have the service layer. Exchanges, custodians, wallets, websites, banks, and payment companies determine how most people access the system. And then you have the sovereign layer. Legislators, agencies, courts, law enforcement determine

the legal consequences for identifiable people and companies. Classroom takeaway here. The sentence America controls crypto is incomplete until we identify the layer. So when we ask can America control global crypto, we're asking at what layer can they exercise control? Control, influence, and exclusion are different powers. These terms should not be used interchangeably. Control means being able to change or stop the system itself. Influence means changing incentives, costs, risks, and behavior. And exclusion means preventing a person or product from accessing a particular market. A lot of times people just throw these around, but they have a very finite definition when we talk about control, influence, or exclusion. The United States usually has far more influence and exclusion power than direct control. And we've already been over this, how direct control means the ability to change or stop systems itself. Think

about Bitcoin code. They don't, as far as we have any public knowledge of, have the ability to directly control Bitcoin at a code level. Now, they can influence heavily [music] the ports in which all of it flows through. And through that influence of ports, they could exclude people. trying to say it a couple of different ways so you really are able to get it. Prime Minister says listening in the background. All right. Was just just wondering, Prime Minister, if you were going to be able to hop to the members live stream after the show um and and do some some trenching and things like that or and talking about some of that stuff or if you're still not able to do that. Uh let's see. Blockchaining. Okay, blockchaining. Hey, there's a funny word. Uh, blocking an exchange from US

customers is not the same thing as shutting down an exchange worldwide. Freezing assets held by an issuer is not the same as stopping the blockchain carrying those assets. Jurisiction travels through connections. And before I go any further, I drank all of my drinks that I have. Let's see if the wife the wifey will bring bring me a drink here. All right. So, jurisdiction travels through connections. A foreign address or foreign corporate registration does not automatically decide jurisdiction. Right. Relevant connections may include, right? So, you may have a registration for your corporation somewhere outside of the jurisdiction of America, right? But that doesn't mean that you're not serving American customers. It doesn't mean you don't con, you know, conduct things involving US persons actively occurring inside the United States. Use of American banks or financial infrastructure still heavily used for

people who do not necessarily have United States registered businesses. Employees, executives, or business operators located in the country. The exact legal nexus depends on the law and the facts of each case. The lesson is not that America controls every offshore business because they don't. The lesson is that offshore does not always mean outside of American enforcement. And sometimes that enforcement can be as simple as you have two choices. You could be cut off from the American economy, which is where your money comes from. And that's a big deal for something like, you know, an exchange. That's where a lot of your money is. Or you can come to the table, take the slap on the hand, take the penalty, give us some money, and then we'll make everything hunky dory. We watch CZ did it. Kcoin has done it.

Um, a lot of them have come to the table and said, "Okay, America, how much money do you want so that we can just forget about whatever we did before? We'll pay you your fine and then we'll make sure that we're all set up the way that we're supposed to be and then we can have access to your market again, right?" And they pat the exchange on the head and they say, "That's a good boy. Now you understand." Great analogy. The lesson that off that offshore does not always mean outside American enforcement. That's what I was talking about if you were wondering. So, dollar stable coins transmit American monetary power. [music] Oh, there's so many things I'd like to get into about stable coins, US debt, um, what the US petro dollar did for America for so long, and

how the stable coin infrastructure that's being set up through the Genius and the Clarity Act is every bit of what the what the petro dollar did on steroids, like a thousandx more than the US petro dollar ever did. It's pretty impressive. Prime Minister says, "Got to run some errands soon. Maybe next one." Okay, no worries. Just figured I'd ask. So, dollar stable coins transmit American monetary power. A dollar stable coin combines two different systems together. The blockchain provides the transportation system, the rails in which the money moves on. The issuer provides the dollar linked asset itself. That issuer generally manages. They talk about the issuer here. The reserves supporting the token. The rules for minting and redemption. Look at that. The wife did bring me a drink. Thank you. Asset assets. Access to traditional financial institutions. No idea how

bad I needed that. says, "Also, low volume hours." Yeah, I got to learn my hours better for low volume hours. Uh, if you like some trenching, throw a 111 in the chat if you're interested in in any of that pump. Fun crazy money. Uh, compliance with legal orders. And having no idea what I was doing, I made over 2,000%. It just was on a dollar, so it was only like 23 bucks. But hey, money made. I have, you know, 20 more chances. And I just take that $20 and I put it in God. Anyways, compliance with legal orders. Right here, we're talking about the issuer of the US dollar. We're talking about how the US dollar combines two different systems together. The two systems are the blockchain that provides the rails that the money moves on and then the

issuer themselves who provide the dollar linked asset. Let's get back on topic. So the issuer generally manages reserves supporting the token rules for minting and redemption regulation access to traditional financial institutions compliance regulation with legal orders and in some designs the ability to freeze or restrict tokens. This creates a powerful contradiction. A stable coin can move globally through open networks while remaining tied to a centralized issuer and American dollar system and regulation. Dollar stable coins can therefore expand the do the dollar's global use while also extending the influence of the dollarbased regulation. The Genius Act uses market access as leverage. best believe that the Genius Act was all about them being able to regulate and get meaningful influence. Again, meaningful influence, not meaningful control. The Genius Act does not give American sovereignty for every foreign stable coin issuer. Right?

Instead, it strategy is essential. If you want access to the American market, you must meet the American conditions. That is regulation. for qualifying foreign issuers to enact frameworks includes concepts such as a comparable regulatory system in the issuers's home country registration with US uh comproller of the currency ongoing regulatory uh uh cooperation so every day day in day out you must cooperate with the regulators consent to US jurisdiction for enforcement probably auditing and things like that and technological capacity to comply ly with lawful orders. Meaning you can't just say, "Hey, we don't have the ability." That's not going to cut it. That is not worldwide ownership of a network. Essentially, it's substantially influence created by substantial influence created by controlling entry into the valuable market. Again, the ports of entry you're controlling there. Sanctions target actors and infrastructure, not

consensus. Right? The OFAC sanction that's who controls sanctions in America [snorts] can go against actors in infrastructure but not ne and by infrastructure companies right but not so much consensus or the protocol itself. US persons anywhere in the world could be affected right by the OFAC. Companies doing business with sanctioned parties just like you just saw what was it 135 million dollars that was sanctioned was I'm sure it was sanctioned by the OFAC before it was frozen by Tether, right? Anyway, centralized exchanges and custodians stable coin issuers freezing capabilities. Yeah. Asset or infrastructure within reachable jurisdictions. uh what is not usually common reachable jurisdiction for America, India, Pakistan, places like that. It's why all of your scammers [music] and stuff pretty much hide out in those places. International cooperation can extend that reach. So now they're going to extend

farreaching into places maybe they normally couldn't have. In 2025, US authorities worked with Germany and Finland during uh the disruptive disruption of Garchiteex infrastructure department of justice. Yeah, I don't know anything about that. That's interesting. But every successful enforcement operation does not delete the blockchain. Authorities are targeting people, not consensus, right? businesses, not code, servers, domains, reserves, and accessible assets. Not rewriting decentralized code or consensus. Where we at? Where we at? Where we at? Mosa said 1111. I don't even know what question I might have asked, [music] but I'm I'm I'm with it. You know, when that that carbonated uh water is crisp, it's so spicy. Anyways, global crypto regulation is multipolar. Multipolar is a very interesting uh not word or idea. It's actually relatively simple, but it's being used in a lot of different realms. Right? America is

powerful, but it's not the only rule writers. Right? We have Micah which is the European Union its own crypto framework right they have their own individual countries determine their own licensing taxation banking access customer protection and enforcement the FATF develops international anti-money money laundering standards that countries translate into domestic rule its 2026 report specifically addresses stable coins and unhosted wallets This produces overlapping rule books rather than one global crypto government. So there could be confusion and fragmentation. A company that may be legal in one jurisdiction, restricted in another, and required to block customers in a third. We see this a lot with crypto. So, you go to try to go to their website and if you have American IP, even if it's a VPN, they will say, "Sorry, but you're restricted." America's 2026 strategic choice. As of this stream,

the American Stablecoin framework has been enacted, [music] but implementation is still underway. Broader market structure legislation, including the Clarity Act, has advanced in Congress, but is still not enacted law. That leaves America with a strategic decision. It can try to maximize control over active already inside its perimeters, right? Activity already inside its perimeters at its ports or it can build a regulatory environment that attracts enough that more global activity choosers chooses to enter that perimeter. Again, the first way that they went about it with crypto was to say, "Hey, you can't use our ports. You can you can be out there in the ocean, but like you can't use any of our ports and have access to any of our country." And then all of the activity went to other places and America was watching and like that's a

lot of money and power being given to other countries. and they're like, "Well, but we kind of shot ourselves in the foot and are not able to exercise more influence over any of this stuff because we're not allowing them to have access. So, to incentivize our influence, let's open up the ports. Let's let all the crypto people come and park their ships and do business with us in our economy." and they'll want to do whatever we say, aka influence, to keep that ability to make money through our economy. Very simple. Like the the whole economic concept behind all that stuff is is literally as old as as boats going across the ocean picking up cargo. The the metaphor really works out well. So clearer rules can increase America's influence by attracting issuers, developers, exchanges, and capital. Poorly calibrated rules

push activity towards other jurisdictions, other countries. Non-dollar assets and less visible channels. The most durable power may not come from forcing the entire world to comply. It may come from making American markets too valuable, too attractive to ignore, too much [music] money to potentially be made that you're just going to do whatever they tell you to do. Let's hop over to Chainers real quick. How's everybody doing out there? Like I like I said, this week has been heavy. I have enjoyed every minute of it because there's some real sauce in understanding the way that the regulatory frameworks frameworks work, what is necessarily um control versus influence and what parts of the government have what. And then of course even the influence behind them. Where did it come from? Why is it done the way that it's done? And I

like today zooming out and going more for the global aspect of it because I was trying to figure out what to do for Thursday because we had already done so much and we were so dialed into a lot of even very American. You know, not everybody who watches this show is American. Although no matter what, whatever America's doing is highly important because it kind of sets the pace for everywhere else. But I I kind of wanted to include I wanted to include everybody else, right? >> Melissa says, "This is what it's about, deep diving." And although it was a lot, I think that information that we learned this week, it especially if it really clicked with you is going to serve you for potentially the rest of your life. Because what I find is that when you have no

knowledge of something, it's hard to understand when the information circulates around you. But if you even get like just a little bit of knowledge and understanding, all of a sudden you broaden your horizon and you pay a little bit more attention when people are talking about stuff. You normally just kind of turn your head and go the other way. and then all of a sudden you find that you're well capable of understanding the the depth and nuance of the subject and then you do. But if you never got that little first that little first dose of information and understood it, then you would have never paid attention to any of the other stuff. And of course, Jim Ran, one of my favorite, you know, motivational speakers or influencers ever. Um, the more I listen to him and read his

stuff, the more I think that he had had to improve your life like just well figured out. Anyways, he always said, you know, formal education can make you a living. self-education can make you generational wealth or a fortune he would say. And uh he is so right. And what's really interesting is some people who you know from your history books and how many of them had very very little to none uh formal education like in schools and colleges but were just in the libraries and in their self-education like they were genuinely because people we say self-education but if to self-educate yourself feels like a chore then you haven't really reached the part where like you're kind of in love with learning, which sounds corny. It sounds like something your first grade first grade teacher would have said to you

and you would have been like, "Uh, no, I like I like Pokemon and video games. Like, I'm not in love with learning." But as you get older, there's something about that self-education and learning things. >> I don't know. Maybe I'm the only one. Maybe I'm the only one that feels that way. Then I'll take it. >> Especially when you're trying to move up in the world, you learn that knowledge, knowledge literally is power. If you're after power, I'm not particularly after power. More financial, you know, improvement in life. Who isn't? But um you know if you sit in a room with a bunch of really smart people and you legitimately can't really follow anything that they're saying or hold any kind of conversation even if it's not about like big brain technical philosophical stuff but you just literally can't

even be a part. Do you think those people are going to consider you to be a part of anything? And a lot of people are like who cares? I work at, you know, the post office. I'm never going to be around those people. And that's where you limit yourself, right? That is where you limit yourself. And you're right, you probably won't because you won't ever try to position yourself around people like that cuz you never know where life will take you. and that was a quick round of this. Of course, I'm just like crashing out on it, but let's let him take me out so we can get that free item for the farm. Let's see what's going on in this chat. Yep. Melissa says, "This is what deep diving is all about." Or, "This is what about deep

diving." It's about I don't know why I can't read anymore. What happened? These glasses are broken. Struggle heart with his glasses emojis. You like You like my glasses? I could I could record you record me. The meta glasses. The meta glasses. You know what they're really great for? Watching videos on your phone, listening to music or phone calls. It's like surround sound cuz it's not directly in your ears, you know? It's like kind of like, you know how it was a craze in like the 90s and stuff to have like surround sound when you watch movies and TVs or sporting events in your house, you know? Cuz there would be like speakers behind you and above you and like all the noises becoming. It's almost kind of what it's like to use the meta glasses as headphones and stuff

because they're not right in your ears. It kind of gives this like the sound coming from behind you and it's beside you. It's not like the most amazing immersive in experience you ever had, but it is pretty nice compared to having headphones in all the time. I grew up in the generation where we went to school, we walked home from school, we went out skateboarded, what we always had headphones in our ears. You always had one in 24/7. And [music] so, yeah, it is a it's a different adjustment. I wish I could wear them at the gym because I love using them as headphones. And it's amazing. you have them on and other people really can't hear what that you have stuff on. My wife's always like, "Are you listening to something?" I can't tell cuz they really can't

hear it. But of course, the meta glasses have that, you know, video function and I don't want anybody getting weirded out thinking that I'm trying to videotape them or something. I'll be like zoning off looking at something or someone somewhere and they're going to think that I'm like taking a video of them. So, can't use the meta glasses at the gym. I've never even tried. I don't even know if they would let you walk in the door with them on. I don't know. Side note, Prime Minister said, "In the past, only way to invest was through stocks and brokers. Crypto is a blessing for the normal people." You know, that's such a really good point, Prime Minister. That like to me is so like, you know, a revelation of four or five, six years ago. But you're absolutely 1,000%

right. And we probably should talk about that a little bit more often. Huh. Because it changed the game. And that's why when you speak to a lot of older people and you talk about like investing or something, they look at you like what are you on Wall Street? Like you know that they're like that's for the smart people over there. Like I I'm a trades guy or something like that, you know? and they're like, "I don't I don't I'm not smart like that." Is that's basically the vibe I get from most of them. They're like, "I'm not real smart like that. I like just weld metal together all day or [music] something." And it's like, yo, that's that that requires intelligence, right? Like to do a lot of the stuff they do is highly intelligible stuff. And they like

downplay it and then act like they can't uh learn that that big smart investment stuff. And it's like it's really not that complicated. But a lot of it is because there was very very very limited access. And the people that controlled the access, your financial advisors and brokers and people of that game, they only really dealt with people who had a lot of money to throw around. And the only people who had a lot of money to throw around is the people who for generations sustain themselves through the money that they had. Right? They let their money make them more money and grow more money and then their money became worth more money and so on and so [music] forth. And they're the ones who had the mentality. We call that like the upper class, the 1%, the elite,

whatever. It's more or less the fact that they're they're their trusts or that have been handed down. They've been doing this type of thing for forever. The thing is all about belief. That's my point. those those families don't have to try to convince themselves that it's possible. They don't have to try to convince [music] their children to believe that they could be, you know, wealthy through these actions. They grown up wealthy through these actions their entire life and they're going to continue to be wealthy by putting their money to work and stuff like that. The problem is getting your normal retail people to understand that it's not that crazy and that the [music] the doors have been kicked wide open by cryptocurrency. That's the big takeaway that most people lose. But hopefully if I just even help encourage and

I say educate, but a lot of times I'll be honest like saying educating people and stuff that sounds a little bit too high brow to be completely honest with you. Uh, I prefer to just say bringing information into your awareness, right? I'm just making you aware of information. The information already exists. I don't own the information. I don't deserve a trophy or or or magical pat on the back for it. I just deserve a few super chats every once in a while. Just joking. But anyways, um, you know, it's just amazing what you can do when you believe that you can do something. Let's put it at that. Let's just leave it there because there's a lot I could say about that. I love to get on my my motivational sauce that I want everybody to know because I

think everybody should feel like they could that they're capable. That's the bottom line. Uh let's see. Crypto is still super young. Much more room in time for mass adoption. Exactly. But you want to get in there and learn about it before everybody's trying to run in and know about it and everybody's trying to get, you know, rich off of it. We had some waves of people do some things, right? But don't necessarily think that like everybody is aware of how much money is coming down the pipeline related to crypto currency. and don't think at all that people are aware of trying to position themselves, whether it's through investing or building something in positions to where that they could take advantage of the amount of money coming down the pipeline, right? They're not. And that gives you a huge advantage.

But if you're a regular normie, quote unquote, dumb money, retail money, as they would label you, you don't have to believe you're dumb money, but that's what they would call you. um you have to believe that you could do something. But if you just don't educate yourself and don't think about it, don't position yourself, don't buy anything, don't invest, don't learn, do you think the money is going to fall out of the sky? Trust me, your uh your manifestors have been doing that forever, sitting on their couch going, "Money, money, money, money, money." And the money never showed up in the mailbox. It didn't fall through their roof into their lap. a whole suitcase full of dollar, you know, $100 bills. It ain't happened. Maybe one person, but it ain't happened to most of them. 99.9% of them are

still sitting on their couch uh saying mantras. My point is that you do have to put the work in and you do have to educate yourself. But if you don't believe in yourself, you'll never do any of those things. You like how I'm combining this DeFi gaming with your uplifting self-motivation. They call me Ron Rones instead of Jim Ron. Uh, for those who don't know, I probably never say it. My actual name is Ronald and uh, most people just call me Ron, but I'm going to be Ron Rones. I'm going to be the next uh, wave of of influencing or of uh, personal development influence. Prime Minister says, "You're so right, Eugi. You got to be making moves in the market to make money. Exactly. I mean, they've known it forever. You ever had somebody say to you, "Scared

money doesn't make any money." The whole point of that saying is that scared money doesn't do anything. They just sit around scared and they don't make any money because they don't do anything. That's the point. I'm sure somebody out there is like, "Oh, most of you are like, "Yeah, we know that. I've known that since I was six." And my my parents used to say it to me. My dad used to say scared money don't make no money all the time. Unfortunately, he wasn't referring to investing. All right. [laughter] He he he he'd be in them streets. So, learn a lot of things from a young age. But you got to translate it. You got to use it. Transmutation to take something for what it is and make it something else while still never leaving the underlying principle, right?

aka hustler. Prime Minister says facts. Yeah, man. It's been a lot of fun. Shout out to the prime minister who's been showing me so many things. Like I said, I caught that 2,000% gain. I don't care if it was on a dollar. I was just practicing and messing around. But, you know, shout out to him for taking his time to show me stuff, uh, to teach me what he knows a lot about, what he's been doing. If you believe in yourself and you do things, right, you're not scared money. Uh, you're going to get out there, you're going to learn some things, and learning those things is going to be valuable to somebody, right? And if you care to teach, if you actually enjoy what you're doing, you're probably not going to be bothered by sharing it with people.

And so, uh, just shout out to you. Thank you for all that you've been doing and all the things you've been teaching and showing me. And we're going to keep moving right along with that idea. Matter of fact, let's see. Keyboard cats dumped. Man, I've been teetering back and forth of getting out of this thing. It finally just dumped. Huh? I know. I know. I know. I should have got out of it. It's why it's good I caught that 2,000% made my little 25 bucks and I'm not too worried about this uh $2 that I'm down here. Probably should sell it before I lose more. I'll re-evaluate that later. I'm up still on the pooch. A Robin Hood coin. It's the dog of the person who owns Robin Hood, right? Optimus Prime Minister. That's hilarious. Prime Minister says no

problem. And uh we did pretty good with this. We ran all the way twice. First we ran to 200, a little over 200. Then we ran to 227,000 in market cap. I think pooch I don't think it's like the chosen one, but I think that it's one of those ones that's going to run much farther than this if you just give it a month. Got to let some of this money flow back into launch pads with Robin Hood. Robin Hood needs to fix its launchpads. Will it happen? I have no idea. Um the fact that they've had so much trouble with all of their launchpads seems highly suspicious. Doesn't seem normal. Seems like there are some things at play there. And then of course, Cash Cat, man. It I the last time I looked at it, it was pumping.

It pumped to 12K. Last time I looked at it, it was like 11,000 11 a half thousand. I was like, "Here we go. Going to get that inverted head and shoulder." Which, by the way, you know, if you talk pattern trading, look at that pink. I It played out your shoulder from the neckline, you know, slanted neckline here. It did play out and then it immediately dumped back. Still kind of holding them. Prime Minister says, "Good dev on pooch. He wants he keeps buying boosts. They have x chat. You can join them if you want." You know, I haven't joined the pooch one yet. I did for cash kitten and what was the other one? There was another one. Maybe it was just Cash Kitten. Or maybe it was just keyboard devs. So, did Keyboard did they this did

they rug us or I I I don't think they rugged us because, you know, they're at 12.4,000 [music] in market cap, which I have a whole another question about. How come when you launch a coin on pumpf fun it starts at like 2.1,000 market cap even when it has like $100 in it? Robin Hood launchpad drama destroyed. any good coins. Trenches don't like uncertainty. I I feel you. Even though the trenches are full of uncertainty, right? I'm very uncertain about everything that is being launched in the trenches because I don't know what I'm doing. Anyways, let's look at God. Looking Kryptor's been in here. He's been chitchatting over here. My mining has run out. Adds like 17 cents. I'm not gonna be worried about grabbing that. Same people. Three IP bobble. Why not me? They're in here getting paid.

I guess you just have to like buy shovels forever. One day I'll hit something, right? Like one day I'll hit some kind of something. The mining is at 5.9, so I'm not real interested in mining right now, but the mother load is decent. It's not as big as I've seen it, but it's decent. When dev goes inactive, people sell the liquidity starts on a bonding curve using math. It's kind of complex. I'll explain it to you later. Okay, I do appreciate that. No, it's not rugged. It's just dev is not active. Okay, there's that. Well, I hope he gets active because uh I wanted to see this keyboard cat go. Well, I hope everybody enjoyed the show. I hope you learned something. And look what happened to Panzer Dogs. Not that it matters because it's pretty much cooked, but

it disconnected me from wherever I was connected. I don't think I was ever actually logged into anything to be honest. I'm pretty sure I was never logged in. But they reset me to zero. And the whole thing is just the whole thing is cooked in [music] my opinion. Very interesting here. And there's this new game, Kindra, which where's my one tab? Shout out to one tab for always just making my life so freaking easy. But I might have forgot to one tab something. Yeah, I did. Virtuals. I bought some Kindra, which is a game, and we'll be talking about it more tomorrow. I'll introduce it for a second here, but we want virtuals. Virtuals protocol. Prime Minister said I shut mine off. Yeah, mine's been off for a little bit. The mining I turned mine back on. We were

at like 29%. [music] It was really good. Eevee is bad. Don't mind. Yep, exactly. Struggart says, "Appreciated." Of course, Struggart. Thank you for being here. That token uses the old bonding curve. Its bond is at 56,000, so it can wake up at any moment. Okay. Melissa says, "Panzers was an awesome game. They could have done great things." Exactly. And why they didn't do great things with it is beyond me. Like, you already have a functioning thing. The hard part is getting a functioning thing in my opinion. Like that's the difficult part. And they already built it. They had it and then they just squandered it for what? I I guarantee you whatever money they made was not anywhere near the money that they could have made. And so why did they play themselves like that? People get People are

strange. Like people with no money get like a million dollars and they think that they've won the game of life or something. Good luck. Go buy a house. You're going to be right back to broke again. and good good luck maintaining it and buying food. Right? People make a million or$2 dollars and think that they've made it for life and they're never going to work again. If you take that mentality, you will be broke very fast. Very, very, very fast. And then because they also think they've made it and they have a bunch of money, they buy a bunch of crap that they can't actually afford to maintain. Nobody talks about getting rich in the maintenance, right? Nobody talks about how much money is required to maintenance a multi-million dollar house or even a mil even a 500 600

$700,000 house, right? What do you think the cost of a roof on a tile house is on a on a multi on a even $600 700,000 house? Maybe it doesn't even have like a ceramic or you know terracotta roof as most of them do. Uh it's just funny. It's funny to me because I know people like that. They're like, "If I got a million dollars on a scratch off, I'd just retire." It's like, "Bro, you'd be you you wouldn't make it five years, dude." Too funny. Anyways, I won't harp on that. Kindra. So, Kindra is a game, so you know it's going to be highly relevant when I start talking about Defi Friday, which is tomorrow, by the way. I hope everybody plans on coming back for D5 Friday. You never know. we're going to find and I think

we're going to be playing this game quite a bit which is Kendra. See this is something that uh Prime Minister could teach me about. I get really confused. Are [music] like some of these coins vamps where they're trying to suck liquidity out of it? Are these different pools? Like why is there seven different Kendras? Like I don't I don't get that. Can't we just have one Kindra? You got Kindra Kindra by virtuals. Kindra Kendra Kendra. And you can see just by market cap, right? Like one market cap is 382,000. The other market caps are like 5,000. So to me, that's the winner. And that's the one that I own. Uh is it going to say my wallet's not connected? I should be connected here. I hope this is the one that I own. Let's put it that way. Wow.

Kindra went to 73 763,000. When did it do that? I was up up at that point. Oh, I got to put it in here. So, we got to flip Kendra to something that's a stable coin, maybe. Okay. Why is it not letting me uh Yeah, I got 33,000 of them. It's worth about 12 bucks. I bought I don't know four or five dollars worth of the coin and now it's worth like 12 bucks. I don't want to cash it quite yet because the game is functional. That's why. And it could just continue to go. All right, we got a lot going on in the chat. Let's roll. So, they could have sold it to Xbox, made it cheap, $3 game, made the achievement easy, all online, DLC, everyone once in a while, they could have made good money with

the game. Absolutely they could have. They were not thinking long term. Again, that's why I was saying everything that I was saying. feel like they made a couple million dollars, even maybe four or five million dollars, and they thought that they had just like, "What's the point of doing anything? We already got the money." And they don't understand like, "Okay, you got some money, but like there's a lot more money." That That's my point. Like, there's a there's a lot more money you could get. Prime Minister says, "Uh, they originally started on Salana. I think big mistake was going to I was in this project for years actually. The team took years to release the token and when they did it was too late. Swe tricked everyone into thinking that they were going to endorse web 3 and they

didn't. So sentiment died. If you do win off a scratch, please don't forget about me. Don't worry, I'm cheap. Oh, right. I got you, Melissa. You've done a lot for me and my channel. I definitely [music] make sure you get something. Uh, nope. Those are scam vamp copy cat rug devs. Lol. [music] Uh, the what what kills me is that like it's almost like you act like you can't do [music] anything about the vamps and it's like you could you could easily do something about the vamps, right? You know, it's kind of like if I make a coin called cats and you make a coin called cats one, like you put a one after it, right? Like you would do if you were making a username somewhere, right? You're making a username somewhere and it's taken, right? So you

just you just click like one after it so that you can use the username, but it's not the same. Like that makes sense to me. But the fact that you can make so many coins with the exact same name, like the exact same name, the exact same ticker, that doesn't make any sense to me. Like I I feel like you could solve the problem or at least a portion of the problem, curb the problem if you just said, "Hey, uh only one person can have only one person can have a name." All right. And then if a project sits inactive for more than a year, the name can be recycled at that point. Something like that. So that way if somebody comes out with a coin called cats and somebody wants to vamp or make a copycat coin, they

could they'll have to it'll have to be slightly different. Boom. Problem solved. Now, it doesn't solve all the problems, but it solves a one major problem, which is where I I search cats and I get 17,000 different coins called cat. That's that's my opinion, but who knows? Uh, let's see. Nice. Looks like a cup and handle on Kindra. Yeah, I got a moon bag. Vamps is a big problem that no [music] has solved yet. No one has solved yet. The issue is protocols need to implement measures at the backend level for this. What what what I want to say here, I'm stuttering on my own words. What I want to say here is like I understand maybe that they haven't figured it out, but like have they even have they tried at all? Like that's the part that kills

me. It's like I feel like they don't even try to do anything about none of the Vamps. And they just don't [music] even have any understanding of how much more money and liquidity and and exposure they would get if they would just actually allocate the time and energy to try to do something. It'd be one thing if they did stuff and it just didn't work right. like it they tried [music] stuff and it just helped a little bit but it really just failed to completely take care of the problem. Like we would all understand, right? We would all understand. We would applaud them for actually doing something. But I don't see any integration like at all. But I digress, right? Strugggerart said, "Good night, everyone. Good night, my man. Thank you for being here. Have a great day. I

think you usually go to work about this time or something like that. So, you have a great day at work, man. I will catch you hopefully tomorrow, D5 Friday. I really hope that you get something from this stream every time you come here." Prime Minister says Pump Fun has tried, but honestly, it's more profitable for launchpads to not fix it because they generate fees. Yep. Why do you think that Google doesn't want to stop scammers and bad actors from putting an ad on every YouTube video? Arbitrage. I'll be honest, I don't know who's fallen for those. I really, really don't. But like when I first got into crypto, uh I would watch Bitboy's channel and you can say whatever you want. As I always say, at that time, Bit Boy was on top of the crypto YouTube world by

a lot. Like there was very little to nobody who was even close to him. And uh he had a huge big company. He had a lot of people working for him. It was fun. It was fun to watch. And so underneath every video it would say, you know, Bit Boy arbitrage. And I don't know how relevant it is today. I don't know if it's under my freaking videos, but I know that they spent thousands of dollars. I even had a conversation with him one-on-one in real life about this. Um, and they spent thousands of they were spending like $5,000 a month of their own money just to try to get rid of those arbitrage people trying to take advantage of their community. And Google would not do anything to take it away. Well, who do you think's getting paid

here? The scammers, but who else? Of course, Google. They're ad revenue. They're making money. So it just turns into this thing where no matter what platform you're on, the platform is highly profitable if you just let the scammers take advantage of all the people. And it just becomes like what kind of garbage? Like who what kind of platform thinks like that? Like we're just going to let everybody take advantage of us and our customers just so we can make a dollar. Like I don't know. I think that's thinking really small, but it's not because they have billions of dollars, so it must not be that small. Uh, he says, "Yep, it's BS, bro." Prime Minister says, "Bit Boy would still be king of the hill if he didn't crash out on drugs and ruin his family." I actually, you

know what? I think he would have gone down a lot, but I I I think he'd still be king of the hill if they didn't steal his company from him. That's what I think because if if if they didn't steal his company from him, he would have rebounded and I think he would have got back on track. Like I he might have made mistakes. He might have done things he shouldn't have. Uh you know, do I have some knowledge about it that maybe not everybody knows? Maybe just a tiny bit. But um aside from that, it's just like they stole his company. And there's no law. There's no law that says if you cheat on your wife and do drugs, which by the way has never been confirmed, and he took many drug tests and publicly posted all the

records, right? Um, and do drugs, right? That you're going to have your company taken away from you that you own [snorts] 70% of. And it's really funny because I remember being uh at one [music] of the talks on the cruise ship because I went on a on a cruise where I was it was a Bit Boy cruise. It was through the Pluto NFT. That's what it was like supposed to be around, but it was just a Bit Boy, you know, hang out. He did a a meet and greet, which was cool because during the meet and greet, he literally sat there with me and my homie who I who we went with who went with me, you know, and uh for the like entire meet and greet, we just sat there and chopped it up. We had dinner with

him and the team Dezy, you know, Frankie candles every day for like a fiveday cruise, right? Hung out in the Bahamas a little bit. So anyways, uh I got to be around it and I'll tell you some of those people had a really weird vibe. I I tell you, they knew they knew that something was coming and there was a very disingenuous vibe to a lot of them. Specifically Dezy, which was crazy because Dezy always presented himself as like a very kind of bright, happy, smiley kind of guy. That's how he seems on the show when he would host, you know, a morning or something like that or when I was around him, he was not that kind of person at all. I I don't know what it was that he didn't want to be there or they knew

all the crappy things that they were doing and they were really just opposite. I don't know. It was weird. I'll tell you that much. Frankie Candles was awesome, by the way, though, as a person hanging out with He was awesome. That's for where I first met Loudmouth. Loudmouth, of course, he just came along to be a part of it and check things out and stuff like that. He wasn't he had been on like uh what was it? The basement blockchain basement and stuff like that. He he had been on there and stuff, but like he wasn't actually he didn't actually work for Bit Boy. One of my favorite people to be around in crypto. Uh, of course the lifer number one and foremost, but uh, loudmouth, man. He's just such an awesome person. [music] Loud Mouth Loudmouth is contagious,

man. He he just really he brings the energy and the hype for sure. Yeah, he says, "Good point. I know what you mean, bro. Having shitty people around you, plotting against you." He definitely had this had this too. I heard some stories. Yeah. And you know what's funny is because like so one of my brothers who I pretty much grew up around, you know what I mean? Who I met when I first moved where I live now was like 10th grade or whatever. He's actually from New York. But anyways, he's who I was mentioning earlier. But uh he we he would work for me and I ran a handyman company locally here and he would he'd be like my main person who would work with me every day and it would just be us chilling, you know, working and

making some dough. But we would listen to Bit Boy every day. And so all the time I would say to him because uh TJ would be, you know, down in the corner and TJ would be like manning the computer behind like changing the scenes and stuff like that. So, it was kind of like somebody would be doing the morning show for the Bit Boy Crypto, but then there would be somebody else who would talk sometimes here and there and stuff, but they mostly would hit the buttons and change the screens and put up links and, you know, if they wanted to play a video, they would bring up the video and that kind of stuff, right? And so, it would be TJ a lot of the time. And I used to tell we'd be driving to a job or

something like that. Sometimes we'd be driving for a couple hours before we get there. So we'd watch like the whole morning show and I'd always say all the time to him like, "Man, that TJ guy, there's something wrong with that TJ guy. He's just weird. Like he don't seem happy. He, you know, they they've made tons of money. They're super successful. They're super and the guy's just weird. He's always he always makes like what I used to always say to my friend was like, you know, TJ always seems to like not like Bit Boy. Like he always has some sideways underhanded kind of weird thing to say to him, right? and Bit Boy would mess with him back and maybe he messed with him a lot first or something. I don't know what the the deal was, but I

could tell something was off with that dude. And so when the whole thing about stealing his company came, uh I I was not surprised that TJ was smack in the middle of it because we've all have friends and people around us. You ever had your your friends try to or somebody you thought was your friend tried to totally backbite you and stab you? I mean, if you're a guy, it was usually they tried to like, you know, steal your they they rather tried to steal your stuff or they tried to steal your girlfriend or some kind of something like that. High school vibes, high school. Like, we've all been backstabbed by somebody who we thought we was cool with. And that's just the vibe that I always got there. Why I'm talking about this, I have no idea. And

it's publicly on the internet forever. It doesn't really matter because uh I would say it no matter where I was. But uh with that cruise was a lot of fun meeting Bit Boy. It was a lot of fun being around Loudmouth, hanging out with Frankie Candles till 2:30 in the morning, you know? Uh all that stuff and a few other people. But I'll tell you like Dezy was not like a happy camper. He was not somebody who seemed like he wanted to talk to you or cared to be there or cared to be a part of it. It was very weird. And then when you tried to talk to them because like when you would have dinner on the cruise ship at night, you know, they would kind of switch what table. So you kind of got to sit

with different people. Sometimes you get to sit with Bit Boy, sometimes you'd sit with Dezy, sometimes you'd sit with like Frankie Candles and like they just mixed it up, right? So you always got to sit with different people on that on that five night cruise. And sitting with Dezy trying to talk with him at all was just weird, man. And it's like he didn't like you. He didn't want to be there. He didn't want to talk about crypto. He didn't want to. It was just weird. And maybe, who knows? Maybe he was having a bad time. He [music] did have his girl with him. Maybe they were fighting the entire time. I I can know I can I can sympathize with what that would be like. And I'm just chatting. This is the hangout segment of the night [music]

if you don't know. Yeah, you can feel people's energy. I've always had a knack for it. I try not to say it too much. Uh most of my life it's been other people telling me this, but uh I've come at this part now I'm, you know, now I'm going to be 33 years old. I can uh can just own it. Like for whatever reason, I'm a good judge of character. I'd always be the one telling them like, "Hey, that person like man, they act like they like you, bro, but like I can tell that they are not really your friend." And then like, you know, a month later they're doing something sneaky like stealing your phone or your iPod or stealing something, doing something, saying something sideways behind your back like, and I'd be like, "Bro, I told you.

I told you they wasn't right. That they did not really like you and you didn't want to listen to me." Oh, yeah. I've had my fair share of shady people. Yeah. In life. Now, I keep shady people far away from me. Actually, my current world, I got a lot of friends. I really do. I'm blessed with to know a lot of people, have a lot of friends. Some of them, you know, could be more of acquaintances, but really just a lot of good people. But that's because like I I stuck with a lot of the good people and like all the really shady crappy people. Just didn't make time for them. After high school, you learn that. Obviously, I'm well out of high school. It's not news to me, but like after high school, you really if you just

don't make time for the crappy people, like they'll just disappear. They'll just go hang out with other crappy people, I guess, or whoever entertains their nonsense. I'm just like casually playing this new Kindra game and I haven't said a word about it. This is Kendra, by the way. I don't know why I got off on all those other tangents. Uh maybe it's because we've been streaming for two and a half hours plus here. I do got to help off at some point. Not right this very second. Don't click off just yet. You know what I keep doing? This is my problem, Prime Minister, with the trenches [music] is that that coin that I got like a 20x on when I eventually sold like the last bit that I had in there, [music] I just like clicked off of it

and I don't even remember what coin it was. I know I can probably go find it, but I I'm like, where did that coin go? Like it was going and it had a little pullback. I sold off right when I start saw it starting to pull. Did it rug? And I know you don't know. I'm not asking you, but I'm like, and I keep thinking like, did it rug? Did it, you know, double again? And I would have been up 4,000%. Like, and then I'll go look at it and then I'll see it. And even though I know better, I know better. I'll still be like, "Dang, I wish I would have held like a tiny bit of it if it would have gone up." Otherwise, I'll be like, "Look at me. I'm so smart. I sold it." It's

just funny. you just catch yourself randomly thinking about it and you're just like, I know I did the right thing. I know I I know I should [music] have sell it and I sold it so I need to just not think about it. Prime Minister says, "Yeah, you decide who's in your life and who is not. I've learned a lot over the years." Exactly. Falling star hit the map. Let's see. Does it show you where it is? I don't know what none of this stuff means. Is it this? What is that? Okay. Can't move around. Anyways, the one thing that I find interesting with this is that here we'll just go ahead and do it real quick. Uh you go and you sell stuff, right? So, we open up the trade and we're going to go to sell and

we're going to sell. That way I have What's going on? I need to get to 16,000 coins or 1,600 coins. Sorry, not 16,000, 1,600 coins. And so, we'll sell a few. Okay, now we're at 1,600 coins, right? And we go down and you can see down here it says sell gold for Kindra. So, this is like potentially the way that you would get some Kindra, right? Buyers pay your wallet on chain. You keep 95%. So, they're only taking a 5% fee and you can lot this gold up and price it for 500. I think you can change the price, right? Like you can you could do whatever you want and get some Kendra. So, maybe we'll go like 480, right? And we'll list it. So, if you really want to play this game and you just love this game,

then whatever. But like if you're like me and you're like, I want a money-making element in my game because I feel like if there's a money-making element in the game, there's [music] uh incentive for people to come play the game. Now, I have been playing this game on a different server. So, this is like a different character starting over from zero basically. So, I've actually already done this on a different character. But, if I can just And you you saw it didn't take me very long to get 1,600 gold. So, if I could just get 1,600 gold and then I can just turn it into 500 Kindra. Why does this say I have 475 Kindra? Is that accurate? Did I make some Kindra here? Hold on. Let me open my Rabby wallet and see if it actually acknowledges Kindra.

Uh, let's see. I don't have [music] it opened as a sidebar. I don't even know how to do that. I'm still learning the Rabby wallet, so forgive me here. It's up on my screen, but you're not going to see it. There's a way that I bring it up on the side here. Receive per staking, mobile, convert, dust, daps, approval, transaction points. How about [music] coins in my wallet? Oh, yeah. Kendra is apparently built on Robin Hood chain, right? There's that too. Receive transa where is where are the tokens in my [music] account? That would be nice. Kindra, I have Okay, so I have 475 Kindra and it's up 159%. So essentially, I could just farm. Here's my Kindra. I must have Oh, it makes sense. 5%. [music] So 5% of 500 would be 25 Kindra. So the gold that

I had, I sold it and I got 475 Kindra. And I could cash this out. It's only worth 21 cents. Okay. But when I got it, it was probably only worth 10 cents. So, if I go farm and I sell off all of my Kindra, uh, I could make some money. That's all that matters. And I love this kind of thing, even if it's not a lot of money for me. One, it validates any time that you spend, right? But also, if you live in a third world country, this is like an ability to make some dough for free. That's awesome. Is it That's what made uh Axi Infinity so awesome was was people in the Philippines and stuff. They were paying their rent and buying food and living off of Axi Infinity. Okay, those were some cool times,

especially for them. I mean, I wasn't paying my rent or living off of Axi Infinity cuz, you know, I live in America. It costs too much money. You weren't making that kind of money unless you invested a lot of money. So, it's just like a give or take. And that ended up not being great. So hopefully for the people who did invest a lot of money, they made their money before they got, you know, they didn't buy the top basically. You get what I'm saying? But anyways, I I've shown you the path the path to making the money. And you could do it right off the gate. I'm a level five, right? A level five. And I just put in it's not a lot, but let's see while I'm playing here if I can get back to money rather

quickly. I'm going to go show this to my son later and show him he can make some money on here. He's going to think it's amazing. Then you go into trade, go up, quick sell everything. 100 bucks. It doesn't automatically sell things like your health potion and stuff. It only really sells off automatically like your um your wood and your just your simple materials. Says, "Check your pump.fund profile. It has all the recent coins you viewed." Yeah, I knew I could get to it, but a part of me was like, don't even go look at it because if I go look at it and it's [music] like quadrupled from where it was, I'm going to be salty. And so I I almost don't even want to go look at it. Right here's the Golden Realm. It's a token I

made. Everybody should go buy it immediately. Uh, I'm just joking. I was just learning how to like launch coins and stuff. I did a terrible job. I had one coin I made like that one person bought like a dollar of and uh yeah. So where do I go on here? I also made this coin and then I rug I rugged myself. I rugged my own liquidity so nobody got hurt including me. Minecraft kid says what's Kindra? It is a game. It's a game and you can make a little bit of money on there. Axi actually made some Filipinos rich. Lol. I was late to Axi, but I but many did make life-changing [music] money. I'm telling you. And especially if it's in US dollar and you live somewhere else, you could really make some money if you're early. Like

uh God is a good example. And like you don't have to do the rush and try to hit the big jackpot. You just come in here and mine and you know that this thing's been 20 $30 before and you know that probably the most successful model of this ores coin went to like 1,500 bucks and you can understand how much freaking money you can make uh off of it. It's pretty cool. I'm finally eating the comments. I don't eat the comments. I just read them. Uh no rug pulls. GG. Hey, I rugged myself. I was the only person holding it and uh I rugged myself mostly cuz I didn't know what I was doing. I was like, "Okay, this was a dumb idea. I should just like delete the coin." And then as soon as I sold like what

I had off, I was like, I probably shouldn't have done that because now it looks like I rugged a coin. Even though like obviously you could look at the metadata, there was nobody in it. Nobody got hurt, right? And then uh I made gold realm, golden realm cuz I thought it sounded cool. I thought somebody might buy $1 worth and I don't think they ever did. What I do like is that you get these creator rewards. I guess that's what people do it for. What I really didn't understand is that like when you go to the coins, it'll just be people making the exact same coin over and over. The Salana man. The Salana man. Is this two separate coins? They must be. They have two separate like why is he making the same coin twice? It's by the

same creator. That just makes zero sense to me. You're just splitting up your liquidity. Like why not? Why not just leave again? And then all of a sudden like 18 other people make the same thing. I just like what are we doing? It's dumb. But whatever they do that, right? Uh the pumpf fun man or the pump fun man. Anom the bold table. These are just new coins. Interesting. Or you could come over here and you could just stack some Kindra. Yes, vamps. Bro, I just feel like at some point it's just so stupid. I love pump. I love what like I love that people can make their own coins and stuff. It's just like just make your own coin. So when you say that it's just vamps like so are these 10 and 11 right here, are those

the same person making them right? this Raj or are they two different people, right? Like did somebody else just make an account and name themselves Raj or something? I I am reading the comments Minecraft for kids. It's an alternative profile. It's probably just my wife or my son. Anyways, I am going to hop off, but I just wanted to show you Kendra. We're going to mess with this a bunch tomorrow on the D5 Friday. I wanted to see how quick I could make 1,600 again and then sell off everything and then make another, you [music] know, 500 Kindra, stack some Kindra, then then hopefully it goes to the moon. Just sell all of this stuff. If I was smart, I'd go look to see what was actually worth the most amount of money. Let's see. Let's find out real

quick. So, grab some wood. All right. And then you can turn your wood into planks. We'll make two of those. And then you can smelt your ore into ingots. And then let's go see what's worth the most here. So, ore is worth three each. logs are worth two each. Okay. And of course, naturally, your planks and your ingots should be worth more, [music] but you always got to check in every game economy. Sometimes it's not as straightforward as you think. And then I thought it was interesting like they they show you on the landing page like the different classifications. cuz apparently you have to go back or later in the game when you level up then you can buy like a classification like a knight or a mage or something like that. You have to basically upgrade to it.

Sometimes it's the same dev, but sometimes it's the scammer doing a red a re redeploy of the same token. Yep. I don't know why they want me to read the chat so bad, but I mean I can't just stare at the chat. Why do you want me to stare at the chat for could explain this to me? And anyways, I could sit right here on the map because the stuff reloads pretty fast and just keep going into trade. Uh, sell sell all. And then when I get 1,600, come down here, batch it together again. Oh, look. 1,000 gold. Go lot 1,000 gold for 500, even though I don't have 1,000 gold. Is that what it's changed to? So, they're lots of a thousand or more. Okay. All right. Anyways, I'm going to hop off. Have a good night. Stay

underground. Stay crypto. And uh I will catch you in tomorrow's episode is DeFi Friday. We'll be stacking some Kindra and seeing how much money we can actually make with Kindra. So that's going to be a lot of fun. Come be a part of it. Underground crypto out.