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Crypto Bridges Keep Getting Hacked! 🧠WHY? 👀
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Summary
Written from the stream's auto-generated captions.
- I got $27 from somebody because they bought my token and they gave me $27 of their token.
- We did just unlock a new let's see, can we buy one of these?
- For example, ETH on Ethereum may be locked while a wrapped version is minted on another network.
- They want to have kind of a universal coin that has to do with gaming that's integrated into a lot of stuff and it is being burned at a rate I don't fully understand right burn rate 7 days or rubies burned in 7 days is up 175% new ruby circulation is down 94.8%.
- On the weekly, it says the 26th of May, 2025, 28.5 million, 203.9 million all-time high market cap.
Show transcript (58 sections, auto-generated captions, expect typos)
I think that we're just holding on to something. Hey Heat. Heat. I think that we just holding on to something. that we just holding on to something. Falling down. Don't feel Heat. Heat. Hey, hey, hey. Hello. Hey. What's up everybody? Welcome to Underground Crypto Deep Dive Show. Hope everybody's having a great night. Let's get over here. There we are. Like, what do I see? What is that? Trying to figure out what that is in the frame here. My snacks. My snacks over here in the frame. What's up everybody? Welcome to Underground Crypto Deep Dad Show. just not get distracted by the snacks right now. Who's all in here with me? The blues guy. What's up? I see Melissa posted my link. Let me go uh link that to the chat real quick. Haven't done that yet. On the wrong
thing, of course. And I hope everybody's ready to see what the heck is going on in crypto right now. I don't know how much you've had your finger on the pulse today. That is the Discord's [music] now pinned in the chat. If anybody wants to hop into our free Discord, it's crackling. Okay, let's see. It's probably not going to fix it. Let me know. Terrible cracking. My ear is over. All right. How's it going everybody? Is it better? Sorry about that brief moment there. I kind of had to reset some things. Why does my dread sock look so crazy? Is it see-through? It might be. All right, let's get started here hopefully with no problems. Way better. Okay, well, somebody let me know if it starts cracking. Always a technical issue. That's the beauty of everything. What's up, Hell
Thunder and Copper Dude, Cam Blues Guy, Melissa, Motivation Hero, Motivation Hero, let me know. [music] Um, if you received a membership, if not, I'm going to get you one. Just let me know. I never really got an answer. All right, we got Sirene 10.9, Render up 13.7, Pi Network up 28%. Of course, River is up 26.3%. Like, what the heck is going on? Um, I guess we're bullish. Is this altcoin season? I don't think so. FET [music] or ASI Alliance is up 16.3%. I was short on River. I'm getting cooked on it. I don't know. The more I do it, the more I'm pretty sure trading is not for me. I just have too much going on. I don't have time to watch it or really time to care. AOS network 11.8%. Venice Token up 7.2%. Cubic up 14.7%.
a lot of green on the daily on the drop down you'll see like one through 100 2.5% 100 to 200 2% 200 to 300 3% and then that's that's mostly where it's at. I mean 300 to 400 1.9%. Not a whole lot anything else honestly just some 1% less than 1%. All right let's drop down another 100 and check this out. Oh, okay. Everlin got a bounce back. I think Everin was like a top loser yesterday. It's up 42.4%. Turbo Dive UI or Unifi Network. Pyiverse still hanging in there. Deepbook getting another little pump. I want to look at it on the weekly. Yeah, it's been pretty straight up. We had yesterday's pump and then it pulled back and then it pumped again. I like it. Let's move on. Let's do our price rundown of the day. Let's refresh
it. Make sure we got the latest prices. And overall market cap 2.5 trillion. BTC sitting at 71,741. Nice. Ethereum 2,132. Looks like we're moving back to the upside. I'll be interested to see what crypto rank says uh for the altcoin index. Altcoin season index. I saw it pumping yesterday and I was thinking of you underground. I'm still in the trade. Probably going to wind up getting liquidated or cashing out when I have like $20 [music] left. Um it's it's just absolute BS. If you want to see it, this is what it is. It just pumped up and held and just went sideways. Just went absolute [music] sideways. Right. So, this is where I I got in, I guess, or I bought a little extra here. And then it just never gave me any opportunity to do anything, which is
pretty, I would say, undertypical. It looks very Bart Simpson to me. So, I'm holding out some hope that we're going to do kind of some sideways action, finally get a pullback, but of course, it's just threatening to go higher and higher. Whatever. Honestly, I don't think I'm really I don't think trading is for me to be honest with you. It's just how to put it. I've spent years and years and years. I want to come across overly frustrated cuz like honestly I'm super busy. I don't really care. It's not a lot of money, but um I've spent so many years studying trading. I don't want to say it, but like and none of it works for me, that's for sure. BMBB $660. Uh XRP $142, Salana $9048, Tron 29, Dogecoin 9 high 9 cents almost 10 cents. So Dogecoin
getting a little bit of a pump, but don't let that confuse you. Obviously I still love crypto. I just don't have the time to care about trading right now. Cardono 27, [music] Hyperlid $37.82, Chain Link $9.33. Monero $354. Canon Network 14 cents. XLM 16. So that got a little bit of a pump. 2.5% there for XLM. What else do we care about? Avalanche [music] $9.89. HAR uh mid [music] mid 9. And SU back up over a dollar. I was telling you I felt like that SU was on sale under a buck. Amosa says, "Hello everyone. Have to step away for a moment. Be back soon." Thanks for letting us know. Appreciate that. And where's the flare at? Flare number 78 hasn't moved a whole lot. Crack a cold one. Soda that is. Look at Plague Dogs in the house.
What's up, Plague Dogs? Thanks for checking us out. Thanks for coming to the stream. We'll love to see that name come through the chat. Let's take a look at what's trending. My setup is like a little bit off today and it's kind of driving [music] me nuts. Can I fix it without honestly absolutely messing it up? I don't know. I don't want to mess with it too much. Destroy the stream. All right. [music] So, Palladium Network [clears throat] trending today. Pi network, Bit [music] Tensor, always Pudgy Penguins, A Bitcoin, Hyperliquid's been in there a lot. Salana, Dive up 134.3%. Um, yeah, interesting. All right. All right. Venice token, Akos, artificial intelligence, Athereum, Canton, and Aster says, "I'll be listening while I mini golf lurkin." Hey, that's [music] what's up. Either way, thanks for being here. The Palladium Network. I
know we've been over it, but it's been a minute. I can't say off the top of my head that I really remember it. 45.2 million in market cap. Max supply is only 52.6 million. That's pretty low. circulating supply almost to it 51.8 million and some change has an Ethereum contract the only there's no category so it's weird it's uh unknown here and then we have this pill.net pled I don't know it's just plld.net net. So, own real estate and earn passive crypto profits with PLLD. Uh, Palladium token backed by RWA's algorithmic trading profits. I tell you, the algorithmic uh trading profits, I'm not a fan of that. [music] It could be really good and there are some bots of course that are really good, but what happens when it really messes up? You know what happens when that bot
gets duped because they set it up? I feel like in the market with trading bots and [music] stuff, it probably wouldn't be that hard if you know what a lot of the trading bots, not all the trading bots cuz some of them are different, but the ones with big money, you might know what they're looking for, right? and then set them up to buy in and then just absolutely wash them. I think it makes [music] the market makers life even easier. Funding the proven trade in bot swap crypto on EVM blockchains, automated trading for reliable return. So, they're all about this bot. I don't know. Do you get to use the bot or do you just give them your money and they use the bot? [snorts] I'm not sure. So, that's what Palladium is if you didn't know. Let's
move along here. Not a whole lot to report there. Let me refresh this. Make sure we have everything. The ads on Crypto Rank are atrocious. It is so annoying. All right. Altcoin index still at 40. I don't think it's moved. I'm pretty sure that's where it was yesterday. See if it'll tell me. Or was it at 38? No, it was at 41. So, we went down. [music] I never really understand this. It's like we'll have a bunch of bullish action. Maybe it's lagging. Maybe this altcoin index is like really lagging behind a day or two. Crypto is rising and showing the [music] strength. Hey, I love that. fear and greed index at 15. Yesterday it was at 18. 7 days ago it was at 18. A month ago it was at nine. So it looks like a slight pullback.
It's interesting because we were getting a lot of pump for like BTC and stuff and altcoins. Felt like things were starting to move a little bit from what I've been [music] looking at. And then you're telling me uh fair and greed index is down. [music] So sentiment is down when we get a little bit of a pump. The correlation there is always really interesting when you observe it every day. All right, let's take a look at what's trending. Let's make it the top 20 and not the top 10. Uh, INSO is a project for shortcuts to launch things on chain, mostly for developers. Enso is a blockchain shortcut, your way to build and launch on chain. Just so you know, I'm not just making it up. and it's got 27 million in its market cap. Been as high as
80 million. Let's flip this thing to like the weekly. See when it came out. That would be the 13th of October 2025. We've talked about it many, many times. Unless [music] you're a developer, I don't know how interested you'd be in it. We have this DGO uh finance. Is that like the Doge dog? All right. So is a web 3 incubator offering NFT management, staking, auctions, and airdrops within the BTC ecosystem. That sounds kind of interesting. I don't remember seeing this coin come out. Has it been around a long time? Is that what it is? Oh man. Yeah, this thing's been around a while. Let's go to the monthly chart. And man, it's been much higher before. Wow. When did this coin come out? This is like a while ago. The Oh, 2021. Man, this thing has been around.
Why would anybody care about it now? I don't know. Been as high as 177 million. Right now, it's at 18.4 million. Uh, do we dare go look at their website? I guess so. Let's check it out. Okay, moving on. It's not [music] loading. I don't even know if their website's still around. I don't know why this is even trending. Uh, Huma Finance, we talked about this yesterday. Huma is a decentralized payment financing network. And on the weekly, it says the 26th of May, 2025, 28.5 million, 203.9 million all-time high market cap. Let's go to the website. Yeah, thank you Blues Guy for for asking him. I uh I don't know, trying to do something nice, but if uh he doesn't ever let me know, then I can't really help him. The first PayFi network, Huma accelerates global payments with
instant access to liquidity anywhere. So there you go. Global [music] payments instant access permissionless defy yield powered by realworld payment flows Huma 2.0 I know. Let's go over. Oh, I'm restricted. That's what it was. So, I guess you'll have to not look like you're in America if you understand what I'm saying. Opinions. That is prediction markets. Then we have resolve. Resolve is a stable coin protocol issued dollar products backed by diversified crypto yield sources like Deltra neutral strategies. That's very specific and interesting. Yo, the pop-ups on crypto rank are ridiculous. It's enough to make me want to quit using them. 13.6 million market cap all-time high 57.4 million. And the weekly says 09 June the 9th of June 2025. Feel like we've been over this. Let's go take a look at it. Yeah, financial layer for stable coin returns.
Total yield distributed 35.6 million. Um they have 148 under management. stable coin APR. It says 7day 2.7. So you get 2.7% in seven days. I always get really confused about that. 7-day APR. Cryptonative dollar instrument engineered to provide stable returns without directional market risk. Does that say USR offers dollar return consistently above US Treasury rates while maintaining a lowrisk profile built for capital protection. Looks like pretty standard financial stuff. Let's open the app. Let's see. That's the web two part of their website. As I always say, uh their airdrops now live. Maybe that's why they're trending airdrops live. Delta neutral stable coin. I've never heard that uh terminology before. It's very interesting. Let's see. Price dollar. My children are being way too loud. Where is my wife? Okay. Whoops. Going to the wrong thing here. Let's back up. It's
distracting me heavily. trying to focus. Says, "I really don't know where to accept these. I'm looking yesterday like crazy. I don't find it." Um, okay. He didn't receive it. I don't I don't know if I can like just simply gift it to him. I'll have to look. I It'd be easier if I could do it that way. Um, it would be really cool if when people buy like, you know, 10 or whatever, if it would let me decide, right? Cuz I'd like to kind of give it to people who I know come actively. It seems like it just gave it to 10 random people. Um, which is cool, I guess. But, uh, it'd be a lot better for the channel if I could give it to the people who I know actually come and watch cuz it seemed like
it gave it to a bunch of random people who I didn't even know were here. And then who knows if we'll ever even see those people again, but it is what it is. I'll make sure one way or another uh we get it to you. So then we have this Nexi. We talked about it quite a bit. Hasn't been out very long. Uh the 9th of March 2026. It's a crossame digital asset platform. Let me text my wife real quick. All right. So, this has a lot to do with gaming. We did check it out a good bit. They have this whole airdrop ruby uh or sorry, they have this whole Ruby currency. They're airdropping it, right? And uh it's kind of like having they want to have like a universal gaming currency that can be integrated into um
you know integrated into a lot of stuff but you kind of have to get the other games to go along with it. Right. Trying to see. We found a bunch of information about it here. We are So, Ruby Scan 2.0, see all Ruby's burns and transactions inside of the Nexia ecosystem. So, I guess they're burning them as well. Makes it, you know, deflationary. We were reading some of these numbers. So, what's the big takeaway? They want to have kind of a universal coin that has to do with gaming that's integrated into a lot of stuff and it is being burned at a [music] rate I don't fully understand right burn rate 7 days or rubies burned in 7 days is up 175% new ruby circulation is down 94.8%. I don't know really what to do with those numbers. They
make sense though. Uh UG I looked it up. You cannot give a membership to a specific person on YouTube. Suggestion, send him the money in XRP. Uh, send me your XRP address with the tag on private if it has a tag. Not every XRP address has a tag. And [music] if he wants me to send it another way, uh, that's fine. Just whatever works best for him. I'll forward it to you underground and he will send you to Okay. So, you can sub. There you go. or whatever, you know, [music] if he if he uh I don't know how it works where he lives. I don't know if credit card or, you know, debit cards are easy. I would assume they would be, but anyways, this is this next area. I like it because it has something to do
with DeFi gaming, but we'll see what happens. Then you got Block Street, Mine Network, Strategic uh Strategic Oil Company, Sign Plasma, Zama War, and now it says old. Um, it must have just migrated the old contract to a new one. I hope there was a good reason for it cuz War is a meme token on Salana, right? So, it's kind of like what what reason did a meme token have? So, this is is this is this about literal war? Eh, I don't know. So, somebody made a memecoin about the whole thing. It's been as high as 62 million. It's one of those things where like is it really relevant? And then why did they go to a new contract? Like it's like a brand new coin. I don't know. I don't really [music] get the point of that. Espresso
back on the radar. Robo, we've been over a bunch with super old [music] token ID operating system. I'm not spending as much time on it because I spent a lot of time yesterday on all these things to kind of try to cycle through how much time I [music] spend on the same token every day. I think it gets a little bit repetitive. Let's go check out what's going on with the news today. Bitcoin climbs the wall of worry amid escalating Iran war. I don't know why that would do anything but strengthen Bitcoin. It's the best use [music] case for Bitcoin ever that you could have millions and millions of dollars and then quickly put it in Bitcoin, have it secured in cold storage wallet or something or even a hot wallet that you memorize seed phrases or have written
down and memorized and then like you could go anywhere in the world for good or for bad, right? Why would it hurt Bitcoin? I never understand that. JP Morgan says, "Bitcoin and ETFs show flow [music] divergence since the Iran war. Is that a good thing or a bad thing? It's divergence. [music] Is it bullish divergence or bearish divergence? I don't even know if that falls into the same realm there. Uh, attacker exploits ERC 2271 bug and drains 150k. 150k on like an Ethereum network is that's [music] not a lot of money really. Uh, MetaPlanet expands Bitcoin strategy with venture funds. Okay. Metaplanet expands Bitcoin strategy with venture fund and asset management. Okay, that actually sounds somewhat interesting. Uh, Bitcoin quantum threat is real but not imminent, says Kathy Wood. Yeah. Uh, Trump memecoin holders to compete for Maraago conference
seat. Okay. All right then. Uh, major news today. Been holding around 70K. I mean, we were up to [music] 71 a minute ago. Institutions demand keep rising. Ethereum outlook adoption versus price pressure. Uh, ETH is trading around. Yeah, it was higher than that. It's kind of old news. DeFi exploits a DBX hack. Okay, so it's a DeFi platform [music] and they lost 150,000 due to a smart contract exploit related. See, see how different that is? Like if we go up, what did it say? Let's go back here. What did it say? Attacker exploits ERC 2721 bug. Right. So, it made it sound like it had to do with like Ethereum in [music] their network. um 100k due to a smart contract exploit, right? Related to it. So I maybe it is uh metat transaction. Maybe it was more on
the I'm just trying to see is it the platform that did something weird and somebody exploited it or did Ethereum have a bug? But it's hard to believe there was a bug of money flowing through Ethereum and they didn't get way more money than 150,000 and you can't even buy a house with that. It's not a lot of money. Uh, smart contract security still a major risk. I don't know about that. That that that would be the narrative. They're not saying that's a fact, but that's the narrative. Uh, corporate Bitcoin strategies expanding Japanese public company Metaplanet. Okay, because I wasn't sure what MetPanet is. Is expanding its Bitcoin treasury strategy with venture fund and asset management division focus on BTC. And then of course, the quantum computing debate resurfaces. All right. Now, what's trending over on Twitter? Bitcoin, Ethereum,
Doge, Tron, Zcash, [music] and Tether, it says. Absolutely. You're welcome. And we'll get that sorted out. Uh, institutional crypto adoption topics, trending Bitcoin ETFs, [music] corporate BTC Treasury, Wall Street, hiring crypto talent. So, they want to have some people who know what the heck they're talking about. I think that tells you that they don't have enough people who know anything about crypto. [music] Stable coins and real world assets. Stable coins are becoming a major narrative as US regulation allows banks to issue them backed by treasuries. That's interesting. Uh tokenized assets being discussed. AI plus crypto still one of the biggest [music] narratives on X. Um, DeFi security because of that DBXN, which I've never heard of. Um, [music] I believe that's the name of the decentralized exchange, right? Memecoin cycle still dominating retails attention, political coins, community meme, and
Salana memes. So, just basically all memes, right? Memecoin cycle. All right. Let's move on from that. Let me tell you guys a story about crypto. Because today's show is all about bridges, right? Well, it's not all about bridges, but we're going to talk a lot about [music] bridges and why they keep getting hacked, stuff like that. Is everybody ready here? Let me tell you a story about some crypto. Imagine a world where [music] every country had its own banking system that could not directly communicate with the others. That's the important takeaway. If you wanted to move money from one country to another, you would need some kind of intermediary that could connect those two systems. In the world of crypto, blockchains function in a similar way. Each blockchain operates as [music] its own independent system. Ethereum maintains its own
ledger. Other chains maintain separate ledgers with their own rules and histories. These do these networks do not naturally communicate with other you know with each other. So they're isolated. They're siloed. What is what is a layer zero? What is a layer one? [music] But users often move assets across chain. They might want to use an Ethereum asset inside network's de another network's DeFi ecosystem or move tokens from one chain application environment to another. This is where bridges come in. It's the whole point of them. A bridge acts as a connection between two blockchains. What's the difference between a bridge and an atomic swap? [music] It allows assets to move across networks by locking tokens on one chain and minting corresponding tokens on another. At a basic level, the bridge must verify that the assets being transferred is legitimate, right?
But verifying events on other blockchain is extremely difficult. Each network has its own consensus mechanisms, its own validators, and its own history. To trust a transfer from another chain, a bridge must somehow verify that the event actually occurred. So this is really what I want to highlight here in this story. So you have a ledger, right? And then you have two different banks and you have all the transactions going on on a bank, right? [music] But then you have another bank and so there's this gap between them. Let's make it crypto. you have two different networks, right? And then when you move that money via a bridge, wherever you're moving the currency or asset unit to, whatever network that is, it has to somehow verify that what you're saying about another network is true. How do you do that?
because it's not like the entire history of transactions from a random different network are stored or even available accessible to the network that you're moving to. Do you understand the conundrum here? Hopefully that's not too technical. Different bridges solve this problem in different ways. Some rely on groups of validators who approve transfers. other attempts to verify blockchain data using smart contracts or cryptographic proofs. [music] But these mechanisms introduce complexity and complexity also often [music] introduces vulnerabilities. Over the past several years, bridges have become one of the most common targets for attackers. I think more money has [music] been lost in crypto because of bridges, right? Large amounts of capital often accumulate inside bridge contracts. If attackers find a vulnerability in the system verifying transfers, they can exploit it in mint assets that were [music] never properly locked. Some of
the largest hacks in crypto history have occurred through bridge exploits. These real these events reveal something important about the future of the blockchain system. Building secure blockchain is difficult. Sure. But securely but securely connecting many blockchains together maybe even harder. So you need a lot more intense infrastructure layer. I don't know exactly how you would do this other than like if you had some kind of universal server or something. I don't know. I'm just thinking about it like if you had a universal spot where all the data availability or state for every blockchain or every relevant blockchain because there's just so many any anybody can make a a random [music] little blockchain, but um a relevant blockchain, you know, your top 1,000 uh by market cap [music] cryptocurrencies. And then they kept it all in one, you know, one
server [music] or something like that. And then all the different blockchains could just quickly verify data on it. I don't know. That might work, but I'm not a developer, so I don't know what the complexities of making that happen would be. All right, let's get our talking points [music] ready for another part in the stream. And where do we go from here? Check on that river trade again real quick. Did it pop? Did it [music] dump? It's gone down a little bit. It's just ranging. This is It's so weird. This is super weird behavior if you ask me. Especially on such a large time frame. Like this looks like uh one minute candles or like five minute candles. This is a 15minute chart, right? Let's move it to the hour. It's a lot of sideways. That's 1 2 3
4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 18 hours of just nothing in this range. Accumulation, manipulation, distribution, right? Says hate CCP. says, "It's a real war right outside your front doorstep, I'll tell you." Okay. I don't know where that came from, but that [music] must be what's on your mind. I got you. I mean, there is definitely uh bombs hitting the ground in a lot of places. It's hard to keep it straight. Anybody else on their social media have like or or like reals or short form or you know, whatever. They're in your Twitter feed. They're whatever. Twitter's probably worse. [music] And like there's just bombs hitting everywhere and the video never tells you like where it is, when it happened. I swear they're pulling [music] all the random videos, right,
of there's tons of AI videos. I've seen a lot of that. Um they almost look real, but like when the bomb hits the ground, like the sound of the bomb hitting the ground, it's instant, which that [music] wouldn't happen, right? Sound takes time to travel. Anybody who's ever heard, you know, ever seen lightning and heard thunder, uh, can attest to the fact that sound doesn't instantly travel to. Anyways, it's just kind of crazy because I've looked into a few videos that look pretty pretty insane to me and they were all AI generated. Very interesting. All right, just popping over to this one to make sure this was running. Might be a a shorter stream today. I have a lot of stuff going on. With that being said, let's go ahead and do the last of our talking points because
I want to make sure we get that Crypto IQ raising stuff in there first. Um, he says, "You can use a friend. They drew first [music] blood, not me." Yeah, I I'm going to be honest with you. [music] I have no idea what you're really saying. Like, I get what we're talking about, but I don't understand what we're saying. So number one, why bridges exist? Yeah, we're going to talk about crypto, right? So why do bridges exist? Different blockchains operate independently. Assets and data on one chain cannot naturally move to another. Bridges allow assets to transfer between networks, enabling a multi-chain ecosystem. How bridges move assets. So, we're going to get into the technical part here. Most bridges work by locking up the asset on one chain and minting a representation on another chain. For example, ETH on Ethereum
may be locked while a wrapped version is minted on another network. This allows users to use the asset across chain. Why bridges create risk though? Bridges must track assets across two separate systems. This introduces complex coordination and security requirements. If the bridge mechanism is compromised, attackers may mint assets without proper collateral. [music] Right, that's a problem. Um, validators bridge design. Some bridges rely on validators [music] sets that approve the transfers, right? If the validator group becomes [music] compromised or colludes together, the bridges can be exploited. This introduces trust assumptions. All right. Smart contracts bridge risk. Other bridges rely on smart contracts other than validators. So not every bridge operates the same way. Bugs or vulnerabilities in these contracts can allow attackers to bypass safeguards. Smart contract complexity increases risk. Major bridge hacks. Bridge vulnerabilities have led to some of
the largest crypto exploits. Examples includes Ronin bridge hack, which if if I'm not mistaken, this was a long time ago, but I'm pretty sure that the Ronin bridge hack is what killed the whole Axi Infinity thing. Can't remember if that's exactly how the series of events went, but that sounds right in my mind. wormhole exploit and harmony horizon bridge attack. I'm pretty sure that that bridge attack is what kind of crushed Harmony. Uh it'd be the network one. O these incidents expose weakness in bridge design. Why crosschain security is hard? Each blockchain maintains its own consensus and state. Verifying the validity of another chain state is computationally difficult, right? because they might not even speak the same language. Bridges must design systems that securely validate external chains. Emerging solutions though, cuz don't think we gave up. This is blockchain.
It's a cutting edge new technology. [music] We're still trying to figure it out. Let's see. What does he say here? Minted on another [music] chain. Don't you need a new block to be created first? Well, yeah, [music] of course. the transaction would have to be included in the block [music] because the memory or the state on the new blockchain that you're moving to would have to recognize and accept and validate that those new assets are there cuz if they don't it's not going to show up like in your wallet or anything like that. So yes, um but you still can mint on another chain, right? it it works through the bridge, but we just talked about how there's different things. Sometimes it works through the validator, sometimes it works through smart contracts. Not every bridge is the same. So,
emerging solutions. So, how do we solve this? Well, it seems like they have some ideas. New approaches attempt to improve crosschain security like client bridges, zero knowledge verifications, shared security models. I think the shared security models is more like what I was talking about in modular crosschain systems. [music] These designs aim these designs aim to reduce trust assumption. Man, that came out of nowhere. Core Insight bridges reveal that connecting independent blockchain systems introduce one of the hardest security problems in crypto infrastructure. So, what's the takeaway here? Blockchains a lot of times are very isolated to themselves. They have different consensus mechanisms. So it's not as simple as just oh show the transaction somewhere else. [music] There needs to be some verification. I don't know if ZK zero knowledge can have any play in those kind of things. Uh but
there are some different ways that they're looking to fix it but [music] every bridge runs different. So who adopts what type of new blockchain technology or fixes for the problem isn't going to be the same. It's not like all the bridges are going to start implementing the same fix. They'll probably all take different ways of fixing it. [music] And that is actually what's kind of beautiful because one of them will probably do exceptionally better than all the other ones. And then that'll become the standard and then we'll move on to the next problem that we have in blockchain. All right, [music] let's hit that Robin Hood airdrop. Uh, [music] farm farming, I guess, because I want to say it like we're getting an air an airdrop. I don't really know if we will [music] or not. Can't receive for
another hour here. Just want to make sure that I don't forget to do my stuff. Like I said, might be a shorter stream today. I [music] have some other things to do, but I didn't want to cancel on you. It was almost to that point where I might not have to do the show, but that's just not really an option for [music] me. So, we'll deploy some smart contracts. We're just trying to make transactions here. And then we're going to do the GM. Oh, there's a leaderboard. Now, I know that I read where ah man, we get into so many different things. I think we were on I think we were on Yeah, I think we were on the airdrop [music] Twitter that I usually talk about that was [music] given to us by NW and it was saying
this onchain GM. I thought it was interesting because we just started using this a few weeks ago and then um all of a sudden I saw something about it. Let's see. Let's see if we could find that. We appreciate you doing the show for us all, bro. Yeah, absolutely. I don't want to leave you guys hanging. Uh I know some people are definitely [music] anticipating me be here and I don't just want to randomly not be here. Gratitude, man. Uh thank you. Thank you a lot. So, I just want to go look for this real quick. [music] Uh not that one. This one. And shout out to One Tab. It's just an extension on the Chrome [music] uh browser. Highly recommend it. It makes life so much easier. Uh it won't load. Is Twitter down? No, it's not. Here
we go. So, I'm just looking for a post about G. Here it is. Onchain GM monthly rewards one [music] ETH. So, the Oh, okay. So, they split up one ETH. I don't know why when I read this yesterday I thought the first place person got [music] one ETH but they don't. They get 0.1 ETH and the second and third get a [music] decent amount and then 11 through 50 and 51 through 100 they share like a very small reward uh just by doing GM actions and [music] contract deployment actions. Secure a spot on the leaderboard and win rewards. Uh join the waiting list. The project noise has 71 million in investments. Let's try our luck. You can register in 1 minute via email. Drop in the comments. I mean register to what? We're just registering to get an airdrop.
Like I don't I don't know. What are we registering for? Access, I guess. Uh let's see. Backpack airdrop seems to be coming this month. Let's definitely compete the verification. Oh, complete the verification by March 15th. Okay. I'm continuing to spin the DN dream spin. Bots have been cleared. First 100 get guaranteed whitelist. There's a chance for whitelisting. I assume that's what WL stands for. I'm not skipping the base network. I'm continually daily activities. Okay. I'm just seeing if there's anything interesting. GRVT token generation event. Gotcha. Uh he says we're all in this together. Yeah, absolutely. [music] I rock with that. Got to stick together. All right. [music] So, we've been messing with this chainers. I talk about all the time. I'm going to catch my stuff. I'm trying to do the quick version of the end of our stream
here. Let's see. What have I got up to in B&B? 0008. You'll see when I you put a rare item in a rare plot, look how many things it gives you. Way more than normal. All right, let's put that in. I don't want to grow those. I've been saving those. Want to see what happens if you get like a really big one. A really rare one, I should say. And let's put the watermelon in the middle. Go see if we have a daily reward. Oh, we got a message. Unlock the strongest animals. 55% off bundle. No, thank you. I don't really want to spend any money on this. Claim reward. At least not at this point. Another merry gold seed. Clayar immutable gems. I always say I have no idea what I'm supposed to do with them, but I'll
keep collecting them. I get like 40 of them every day. And then let's hit the atom caster for a free item here. See what we get. They giving me a lot of CFB lately. The in-game currency. I like that. When you play the other game, the shooter game. Now, these uh fertilizers, you can use them to speed up like things you're growing, but also I save them because you [music] have to use them when you uh merge and upgrade stuff. So, I wouldn't waste them on other things, but when you play this shooter game down here, I've been getting a lot of in-game currency for playing that. That's pretty cool. Uh bogo fishing, obviously, we're still messing with. I just leveled to number 10, level 10, [music] and now I'm almost to level 11. I don't unlock a new
uh rank here. 500x. Wow, that would be pretty insane. I've hit a couple mythicals lately, but not I don't think I've seen myself hit a legendary. But anyways, uh we're still we're still leveling that up. And we did just unlock a new uh let's see, can we buy one of these? It's basically like four cents. Can't be mad about that. Did we do it? Did we buy it? And you can change out lures, right? So, we can go to our rod. Oh, maybe you can't do it while you're upgrading. Oh, no. You do it here, right? And then we'll add this more upgraded lure. Yeah. Did we do it? Okay. Yeah. So, we have it on and then it only goes for so many uh casts, right? So, it shouldn't I don't know if it just increases your likelihood
to get higher, you know, drops or if it just gives you a little more per every reel that you hit. I don't really know, but but we'll run it for 4 cents. Ah, we'll run it. Why not? And let's throw a round of Panzer Dogs in there cuz why not? Shout out to everybody who's here on a Thursday night. Tomorrow is D5 uh Friday. I'm always amped about that. We'll still do our normal trending and and some IQ raising event and stuff, but we're gonna hang out on a Friday night with the community. Mark your calendars even though it's tomorrow. It shouldn't shouldn't get too lost between now and tomorrow. But it's going to be a lot of fun. And I want to do some [music] deep diving and uh maybe we'll also focus a little bit more on
like airdrop material. Right. Another thing we're going to be doing is we used to play like, you know, stake.com and some slots and stuff like that. And so this is um to motivation hero. This is why I wanted to make sure that you got a members a membership is because at the end of the stream a lot of times [music] we're going to go into the members only, right? So, like we will do some crypto slots. It's not going to be every stream, right? At the end of every stream, it's going to be selective. We're going to pick a certain day. Um, probably like twice a month, and we're going to try to just pack as much kind of uh value for our hardcore members in there as possible. was thinking about maybe doing some extra airdrop stuff. If
anybody has any ideas of things that we could do, feel free to let me know. I'm always looking to make it make the show better for you guys. So, if there's anything you're interested in, you could definitely let me know and I will uh do my best to try to incorporate it in the show. The best thing I can do is look listen to everybody's feedback, right? What? What a lag. When it shows that you beat somebody to something and then all of a sudden they have it and you don't. That's how you know you're lagging. I don't know if panzer dogs will ever like not be fun to play. Oh, he has it. He too can play this game. Got him at the last minute. and again if [music] you don't see this, if you're at all interested
in air drops, this seems to be a great person to follow here. How many followers does he have? 48.8,000. That's pretty good. Yeah, we went over a lot of these things the other day. Mmax is exactly what you think it is. It's like uh web 3 Twitter for crypto meme deans. That's what it seems like. But I get a lot of traction over here, so I can't can't be mad [music] about that, right? And you can see I post over here all the time. [music] If you love web 3 integration, maybe you really like crypto Twitter, kind of recommend coming over here and maybe getting active on Memex. And when people buy your cuz you have a coin, right, for your account, [music] if you will. When people buy it, they give you an equal reward there, right? So,
I got $27 from somebody because they bought my token and they gave [music] me $27 of their token. I'm pretty sure I could sell it if I wanted to, [music] but they're really active on here, so I think it'll probably go up in value over time. [music] If not, I didn't pay anything for it. I'm not really losing anything as far as that goes. And yeah, I think we pretty much covered all of our bases. Again, I apologize everybody. It is a shorter stream. I do have a bunch of things to go do, but I didn't want to cancel the stream on you and I appreciate everybody being here. I'm going to go ahead and hop off tomorrow. I'm sure we'll be on for quite some times as [music] it is D5 Friday. I hope everybody's having a great
night. I hope that your bags are getting a little bit of a bounce here and you're feeling some relief. It does seem like maybe we're getting a little bit of a bounce. Check on that river trade again. probably still doing nothing. [music] When it goes flat like this, I always hope that it's going to dump. But of course, we got to go to like the 15 at [music] least. Yeah, it is just holding that 21. It kind of makes you feel like it wants to roll over, but I don't know if it does. Yeah, we will see. Time will tell. [music] Like I said, I'm not stressing. It's not a lot of money, but it is annoying nonetheless because usually get some more like usually you have more like some eb and flow, you know, in your price pattern
or whatever making pattern. This is just literally in a very tight range, but does that give you like a Bart Simpson pattern? It could, it could not. Nothing is guaranteed in crypto. I'll keep monitoring it. It's the same trade I was in since yesterday, right? So, it's absolutely nothing new. Well, I didn't run any of these. Hoping to get some airdrop here. See where we are in the leaderboard. Oh, I remember what I was doing. I got distracted. Let me finish this up real quick. Let's go to the onchain GM. Let's go to the leaderboard. Not that I think I'm on it by any means. I just want to see what what are they even uh rise to the top. Win your share of one ETH. Okay. So it's I don't even understand what you have to do. Deploys
total GMs. The GM's one is kind of like you can only do it once a day. So like I understand that part. I don't know. Does the GM count more than the deploy? because you legit could just go to deploy and you could just click it over and over and over and over and over and over. I maybe at some point you would run out of I guess test net tokens. I don't know. I don't know how much I'm using each time, but I have a I have a [music] feeling that I wouldn't. Says, "Bro, I think it's going to drop. [music] Eyes on your trade. It might go your way hopefully." Hey, I hope so. My favorite part about the crypto show crypto shows is when price moons. Yeah. I mean, I think that's all of our favorite
part of crypto, no matter where it's at, is when the prices moon. Absolutely. I'm here for it. I'm here for that $50,000 [music] uh dollar XRP. Even as much as I don't really believe it's uh a valid idea, I want it to happen. Oh, I don't have enough network [music] fees. So, I finally hit the end of my rope here, huh? Okay. No, it was [music] just a mess up. I do. I was going to say I haven't done it that much time. All right. I did it a few more times. Go to the bridge. I like when they have a leaderboard and like at the bottom it shows like where you are. Even if you're not like in the top 100 to be like down here and it'll tell you like where you are cuz I have no
idea. I hate when a leaderboard doesn't tell you where you're at. You are currently [music] not in the top 100. Absolutely. So, are they only ranking the top 100? They're not ranking anybody [music] else. Let's see. Let's go down to like 100. So, 31 GMs. I don't think I'm quite there, but [music] I'm probably at 15 GMs. And then these deploy smart contracts. Man, I gotta I'm at way more than two. I do it like five, [music] six times every single day. And then it looks like they combine the numbers together, right? [music] They combine the GMs with the total uh deploys for a total. So, why [music] couldn't you just spam? I don't know. I don't see how you couldn't get to the top of the leaderboard [music] decently easy, but I don't know. This person's way up
here. They've done 266. They must be farming airdrops [music] like a madman. Very interesting. All right, everybody. I'm actually going to hop off now. I appreciate everybody being here. Have a good night. Stay underground. Stay crypto. Of course. Make sure I didn't miss anything. Uh I want a $1 flare. There you go. That would be amazing. And uh I'll check everybody else out tomorrow. Defi Friday tomorrow. You know where to find me. 8:30 p.m. New York time. Stay underground. Stay crypto. Underground crypto out. See you on the next one.
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