Daily Crypto IQ: Stop Telling Crypto How — Tell It What | Crypto News & Trends!

[music] Why are you [music] >> [music] >> I think that we're just holding on to something. >> [music] >> Heat. Heat. I think that we're just holding on to something. I think that we're just holding on to something. Just tell me what's [music] Heat. Heat. [music] I think that we just holding on to something. I think that we're just holding on to something. Just tell me what's [music] >> [music] >> Heat. Heat. [music] >> [music] >> What's up everybody? Welcome to the Underground [music] Crypto Deep Dive Show. And boy, do we have a show for you tonight. No matter what's going on in crypto, the show keeps going. And I'm ready [music] to raise my crypto IQ. How about you? Here we are running into the underground moon base where we do all of our [music] research. Welcome in.

Welcome in everybody. There I am. And now I'm on camera. All right. Perfect. All right. So beat is up 51.6%. Who had this on their uh bingo card? $7 and looks like 98. Some tiny writing. Anyways, 7. Yeah, right now it's $7.18. So, it's pulled back quite a bit, but still up 51.6% on the month. It's up over a,000%. You know, it's 10x this month while everything else was getting beat up on. Velvet was up a lot. What happened to Velvet? Where'd it go? Did it get crushed? We'll have to check that out. Maybe it's in the next drop down. World Liberty Finance with a little bump 8%. Guay up 6.9%. These are small little wins here. 11.8% for Province Blockchain. Let's toggle the one through 1,000. Take a look. So, your top like 400. They're all negative on

average. And your biggest gainer today is like 800 to 900, but nothing crazy. 1%. There's Velvet. It was in the top 100 and then it dropped on me. Let's see. You have this Seal Coin. It's still out here pumping. It's up 8% but Velvet here is the big winner. up 109% [music] in the last day up to 84 cents from about 29 cents to 93 cents and in the month it's up 850%. Watch out. So we have Nexus. Nexus is up 12.5% today. No huge losers. Billions Network Build on Sentient down a little bit. Uh BTW which has been pumping like crazy. It's still up 625% on the week. Let's drop down to two to 300 here. So, we got Magma, Djen, and UAI or UniFi Network. It's up 24.7%. Djen, DJ's been coming back strong. It's not something

that you really heard about for the last month, two months, three months, and now it's been pumping the last couple of days, over the last week, I would say at least. up uh 22.3%. And Magma up 44.2% today from about 37 cents to 57. Let's go ahead and do our price rundown. Let me refresh it. Make sure we have the latest prices here. Shout out to everybody who's here with me. I appreciate you more than you could ever know. Shout out to Melissa, to Chris Goss, Digital Revolution. No Blues Guy again tonight. Haven't seen Blues Guy much or Reliable Jay. It's funny, when it rains, it pours. That's how it goes. You got to get used to it in life. As Jim Ran says, the seasons are predictable and winter comes every year. So, I think maybe we're in

a little bit of a crypto winter right now. But don't wish things were easier. Wish you were better. That's going to be my quote of the day right there. So, Bitcoin 61,743, down 3.6% in the last seven days. Kind of holding up. I mean, does anybody else uh feel like they expected it to be under 60,000 by now? A little bit. Definitely a little bit there. Overall market cap pretty much the same, 2.2 trillion, down.4%. [music] Ethereum, $1,626. the bigger loser here being down 10.9% in the last seven days. It is it kind of just let go. But we've done multiple stories where literally there's institutions that are just loading up on Ethereum or one Tommy Lee in in particular. We'll get to that in a minute when we get to some news. BNB $587. XRP $110. Salana $6346.

Dogecoin about 8 cents flat really. Hyperlid $53. Keeping an eye on that one for a great entry at some point at the bottom. I think things have a potential guys to get ugly with some of this price action and some of this draw down here in the market. I think it has the potential to get ugly. I think maybe uh was it today? What day is the day of the SpaceX IPO? Is it tomorrow? I want to say it's tomorrow, but I can't remember. Stocks [music] not something I'm real excited about. And for some reason, the SpaceX IPO has got me kind of like I don't know about this one as far as how well it's going to perform right away. Over time, of course, I think it'll perform great. Good chance that it drops drastically. Good thing that

good good chance that you're going to see basically what we see with most launches of most altcoins, right? Everybody [music] builds it up. It comes out high and then it comes down as people sell it off or whatever they do. Insiders sell it off, whatever it is. people who bought early. Zcash $411 down almost 35%. Canton Network 16 cents. I'm excited because these things are going to go on drastic [music] sale. That's where all the money is made over time is stacking some bags for a lot of people. I don't know. A lot of times I don't really I do, but I don't really get what people are here for. When everybody leaves, when everything gets really cheap and on sale, it's like if it's a good project, it's a good project. Hyperlid's still going to be Hyperlquid, a

project that has excitement and exposure outside of crypto. It's got people outside of crypto wanting to buy and and and be excited about it. Canton network right there with it. Zcash. So, these things are going to come back at some point, but how low of great prices are we going to get? Or here's also another narrative is that we really don't spend too much time down here. we go to like, you know, a quick pull down, maybe the day of the IPO or something, we go to like 55,000 or something like that. Don't think that Bitcoin can't drop like $10,000 in a day because it definitely can. I've seen it do it many times both to the upside and the downside, but what I'm trying to say here is we might not have as much time accumulating at low

prices as you think you might get. Anyways, Monero $336, XLM18, Cardono 16, Chain Link $760, Meme Core $287. Remember, Memecor has had nice runs. That could be something worth scooping if you get it at good prices. Sweet 73. Lab $8. Wow, Lab's all the way back down to eight bucks. And we'll roll down to Flare for the King of Flair here. Number 92 by [music] Market Cap, but I don't know if we will see Blues Guy tonight. Hope everything is all right for Blues Guy and Reliable Jay and a few other people that I I'm not seeing. Thursday night, I know the lifer has his uh you know his show for those people who are in his group like kind of the exclusive show, but it's not Thursday, it's Wednesday. Let's go to trending coins. Before we go to

trending coins, let's kind of pop over to the news and let's just see what the big deals are here. Yes, everything looks a little bit different. They had some different modes uh not for chat GBT but for the Google Chrome extension altogether. [music] So you could like put the whole Google Chrome uh browser into like dark mode. So I was like that's cool. I'm going to do that. Yeah, it's hump day. It definitely is. Definitely is. And it's like it's hump day and it's a not super exciting time for crypto. That's for sure. It's exciting. If you're like me and you're like, I'm going to buy some bags of some stuff cheap that, you know, five, six years from now is going to be worth a ton of money. Hopefully, definitely buy good projects. Definitely don't want to buy

some crazy um speculative coins unless it's very small bags. Like I definitely going to grab a tiny bag of mega ETH. It might literally be like 50 bucks, but I'm at least going to get a tiny amount of that. There's the blues guy says, "Greetings, guys popping in to say, "Still at work. Long day, long live, long live crypto. Let's go. Love the low prices accumulation." Hey, Blues Guy gets it. Thanks for popping in and saying what's up. That way we don't have to miss you. I bought some bags of stuff today. Good for you, Melissa. And see, I I didn't want to hold for, you know, six, seven years the bags that I bought, but I knew that I might. So, I was prepared to if for some reason I missed the top of the market. We'll talk

about that in a minute. Um, for any Well, for anybody who's new here, you know, we due to the four-year cycle, we I'm just going to keep it real simple. Due to the four-year cycle, we were supposed to have the top of the market, the Bitcoin market, which usually has an [music] altcoin top of altcoin market somewhere in the vicinity rather before or after. And it was supposed to be in 2025 and it was actually in 2024. So, it was like a whole year early. I thought we were just starting the bull market and kicking off and that ended up being the altcoin rally. Anyways, Bitcoin still holding above 60,000. Um, it always puts that as like the first story. I don't know why, but we already know that because we already went over that. Ethereum, Salana, and XRP

are still under pressure, right? There's heavy pressure on these things. Selling pressure again. Is it from the IPOs going on, Anthropic, SpaceX, those kind of things? Is it just in general? Is it all correlating together? People are scooping great prices. And while [music] a lot of money runs out and buys those things, are are people going to be scooping up some XRP, some Bitcoin, some Ethereum? I don't know. Inflation hits a three-year high, but Bitcoin and Ethereum still bounced slightly. Decrypt reported that US consumers prices rose 4.2% year-over-year in May, the fastest annual inflation pace in 3 years. Monthly inflation rose.5% largely driven by rising energy costs tied to of course the conflict in Iran and the US. Um I don't know if anybody saw that they hit a pretty big target in Iran. It's a big deal for

them producing you know weapons Iran. Okay. Normally higher inflation is bad for crypto because it supports tight Fed policy. But Bitcoin still moved slightly higher after the report, rising to around 61,000 to about 62, while Ethereum saw XRP also ticked higher from the immediate levels of the CPI release. And if USD goes into heavy inflation, people might want to hold some other assets that they feel are a bit of a hedge, right? the Fed rate cut narrative is getting weaker, which is not good really overall for crypto. Uh we've really only seen these massive bull runs and [music] quantitative easing conditions during bull runs and stuff. So that's to me one of the biggest factors that nobody really seems to talk about on any channels that I've really seen is that we didn't get quantitative easing. We did a

bull run while we were in quantitative tightening [music] which means money is more expensive to borrow and to use and so less of it gets pumped into the market. So the Fed rate narrative is getting weaker. Right? Federal Reserve was held rates at 3.5 to 3.7 throughout 2026. And now traders expect the Fed may hike at least once before the year to end to fight inflation. So there you go. Now we're supposed to have a new person in there. What are they gonna do? It's gonna get weird fast, but always fun to watch. Ozo in the house. Welcome in. Welcome in. Welcome in. We're just going over the news right now. We're just kicking off here. Onchain data shows intense capitulation across crypto. Reports that more than 8 million BTC are now sitting underwater. According to glass node data

showing the scale of the recent market reset, Ethereum's profitability profile is also compressed with shares of ETH supply sitting at more than 3x profit falling to 11% the lowest reading since February 2017. It's one of the biggest market structure stories today. A lot of holders are now sitting on a loss and that usually means sentiment is very weak. And uh it is now under where I had bought a good a good portion of my Ethereum. So that kind of sucks of course, but that's what happens in a bare market. You get a better entry. If you think [music] it just you have to stop and ask yourself, got to stop and ask [music] yourself, do we think Ethereum's done? Now, there was a time before Ethereum kind of started straightening itself out where I thought maybe Ethereum could become

irrelevant. I also knew a lot less about uh some of the more intense blockchain and web 3 development type [music] stuff. And now that makes me feel like Ethereum is not going anywhere and it still has more than everything else. If Ethereum goes down and goes to nothing and fades into complete irrelevancy without some kind of black swan event like a major hack or something, then crypto is done in its entirety anyways, not just Ethereum. That's just my hot take here. Good. You can make it. Yeah. Hey, glad to be here. Hey, we're glad to have you here. For anybody who doesn't know, I switch categories from entertainment to education. And that is kind of changing our profile on YouTube plus the pause and the monetization. Don't even get me started on that. I've spent a good portion of

today dealing [music] with YouTube and it's it's so pointless. Basically, I'm they want you to wait, you know, four to two what is it? Four to like six weeks to see if their little code shows up in the mail. It's like, yo, this is 2026. like you can't can't verify my address any other way. Crazy. I should be able to take a picture of my like utility bill and send it to them. It's crazy. But what happens but here's the thing. This is what's already happened to me several times. I won't talk about it a lot. I'll just say it real quick is that I request the code, I wait the four to six weeks and nothing comes. So then I go back to them, say, "Hey, I didn't get the code." And they're like, "Oh, okay. Our solution

to this is you request another code." So now I'm on like the third or fourth time requesting another code. So you can imagine how high my confidence level is that this stupid little code is going to show up in [music] my mail. But I'll leave that frustration there for now. XRP holders are realizing more losses than profits. I guess it depends on where you bought. uh glass data cited a decrypt shows XRP 90 days realized profit to loss ratio has fallen to 38 which means for every dollar of loss being realized only 38 cents of it is pro of profit is being taken okay that is a [music] a clear sign of capitulation very interesting XRP is not just down in price the onchain behavior shows holders are moving coins at a loss people won't sell in beer. XRP

network demand has also collapsed from its speculative peak. Yeah, you're in a bare market. I don't know. That [music] doesn't sound huge to me. That sounds like, yeah, we're in a bare market. ETH is [music] just getting started. Cuz I knew I liked you cuz I agree with you completely. It has all it has all the institutional attention, right? Bitcoin has a ton of it, too. But anybody who's moved any of the institutional narratives that's moved into blockchain and web 3 technology even a little bit apps stuff like that are are looking at Ethereum. They're not looking at Bitcoin and they're sure the heck not looking at you know crazy small layer ones. They have all the developers and they have most of the money and most of the attention [music] in the entire market. So if they fail

and just fade off into irrelevance, like every bit of DeFi probably is going to do the same thing. And that's just a huge bet that that would just happen. I don't know. I don't think it is. Anyways, let me tell you a little story, right? I've really loved the nar um the [music] narrative, right? The topic that we've been going over, right? the like invisible crypto upgrade because I really think it hits things on the nose that what's really going to move us forward here into adoption is not is people never really understanding crypto much at all but it working and them [music] using it and maybe they'll kind of slightly know that they're using it but they won't feel it like they won't understand it they won't understand what we went through in web 3 bridging assets and

stuff like that so I really do want I want to continue this. Right. Said, I agree too. It's not going uh nowhere. They just want you [music] to sell it. Yep. At a loss as they buy it cheaper. Don't fall for it, guys. [music] Exactly. And that's why, you know, somebody told me a long time ago that all the opportunities in the bare market, all the excitement and all the money made and all the life-changing money or whatever that happens in amazing bull markets if you get them. We we we in my opinion, we really didn't get one unless you [music] bought Bitcoin at 15,000. That was about it. But that's where all the opportunity is. And it's just amazing how that's when everybody loses focus and doesn't care about it. I know I say it all the time,

but it's like that's when everybody runs away. And it's like, guys, everything is super cheap right now. But people don't want to play long-term games. You know, people want to invest for a year and then get rich. They just don't have [music] the mind state. But here's the thing, and I used to when I was younger, it used to be slightly, I don't know, off-putting or depressing to me that, you know, you're going to have to like, for example, real estate's like a good 10 to 15 year ROI. But like, you have to realize that 105 years is going to go by regardless. So, you might as well set yourself up in a long haul like that. And if you find better gains to take in short terms, by all means, right? Chase it. If that's what you want

to do, never financial advice, but um if I got to hold for another eight years to for to see monumental gains, I'll do that. Anyways, [music] I really like the topic. That's why I like coming to this channel. Even if I'm the one narrating [music] and the one actually doing the channel, I love coming here and going over this information. So, let me tell you guys a quick little story about crypto, right? So, it would be Cam's [music] bedtime, but Camp's not here. I don't know where Campa's at. Keep your ETH. Keep your BTC, folks. Don't give in. Yeah. And just for the record, I [music] always pride myself on being transparent. I don't own any Bitcoin. I did own a little Bitcoin at one point. I did sell sell my Bitcoin [music] to get into some other things.

Obviously, altcoins, that's anything that's [music] not Bitcoin at this point. And so, yeah, there you go. One of the biggest problems in crypto is that users are forced to think like operators. A normal user doesn't just say, "I want to swap a token." They often have to think through the process. God forbid, you know, god forbid people have to think. It's horrible. Which chain am I on? Where is liquidity? Do I have enough gas? Do I need to bridge first? Which bridge should I use? What route is safest? What route is cheapest? What route is fastest? What if the transaction fails? What if the slippage changes? That's why you change your slippage percentage. It's [music] tolerated anyways. What if I sign the wrong approval? That is not normal customer behavior. Yes, it was a product of decentralization. Here's an

amazing thing. Decentralization gave power back to the people in a big way. And you realize why people didn't have any power in that financial realm in the first place because they don't want it. They don't want it. People don't want to be responsible for their own money and be responsible if things get messed up and they lose. They want to blame somebody else and have somebody else come [music] in and make them whole. That makes them feel good. It's the truth. And that's been the problem with crypto all along is that people who can't think for themselves and didn't [music] want to govern themselves, be responsible, accountable. Don't get me started on accountability. It's a dangerous word to use with people because they can't handle it. Accountability is basically what's going on here in the the land of decentralization.

And most people just [music] they weren't interested in that. They wanted the old road where somebody is going to hold their hand and make sure if money gets lost that they're made whole. That kind of thing. [music] Anyways, that's not normal consumer behavior as most people know it with centralized economy. That is user managing infrastructure. This is why intent matters. [music] Intent flips the user experience. Instead of users constructing the entire path, the user just expresses a desired result. For example, they just say, "I want to swap this asset for that asset. [music] I want to move this amount to that chain. I want to buy this NFT with the funds I have. I want the best possible execution." Then the system figures out the route. Don't get me wrong, this stuff would be really awesome in crypto to

have. Solvers, which are the ones that figure everything out, compete or coordinate to fulfill that request. This is a major shift in what we would call UX or userability, user interface because crypto today is often transition centered. The user signs individual actions, but intentbased design [music] is outcome centered. The user signs what they want to happen. That's a difference is huge. It connects directly to Monday and Tuesday's stream. Right? Today's Wednesday. Obviously, Monday was about smart wallets. Tuesday about chain abstraction. Wednesday is the execution layer things, the ideas behind it. I think this is where people get really messed up, right? Somebody gets excited about an idea. We're going to use Anoma as an example. I wasn't excited about Anom as an individual project, and that's not me just trying to say that now because price action wasn't great

for them. I was excited about the abstraction. The intent layer was the main focus. Yes, they were chain abstraction and stuff because they were in the execution layer or in the intent layer. You just tell it what you want want it to do. The chat GBT if you will of, you know, crypto transactions, onchain transactions, web 3 blockchain technology. That's what I was excited about. And Anom could be, they're building and they're still posting. They could build something amazing in the background or it could be another company, but there is going to be somebody who comes in and puts it together. Might be Coinbase to be honest with you. They have the apps and the infrastructure already. I wouldn't doubt if base actually turns into the intent layer. Although I don't see a lot of language in their ecosystems

talking about it yet, but I think it could happen. [music] Smart wallets can make accounts feel flexible, more like an application than a wallet. Chain abstraction can make networks feel less visible. Intent can make the steps less manual. Together, these ideas point towards a future where users interact with crypto in a much simpler way. They do not need to understand every route and they don't need to manually bridge everything. They don't need to click through every step. They express the outcome. infrastructure handles the complexity and let's face it probably going to do a much better job of routing with less slippage, less money loss, [music] less fees spent, um less exploits, probably going to do a much better job. This is why intents and solvers are one of the most important UX [music] ideas in crypto. Hopefully, we all

know what UX is. The goal is not to [music] remove the technical system. The goal is to stop forcing the user to operate it manually. That is the invisible upgrade that we believe is going to bring mass adoption into cryptographic technology, blockchain technology. There's many angles, one decentralization. I like that saying. [music] Many angles, one decentralized world. Something like that. Sounds sounds really sounds really uh highbrow, right? Velvet took off today. Whoa. We'll go over that. Beat Velvet and Beat kind of the uh the winners here. We've talked about both of them plenty of times, especially Velvet as of recently. And I've said so many times that Beat was just not something [music] I was interested in as a narrative, as a thing. And that's why it was probably gonna run because generally when I'm like this is dumb.

Everybody loves it. But also it's like Dance Dance Revolution and like dance games and stuff like that but [music] brought in a totally different way or rejuvenated if you will. And I really feel like this is for the Asian market because they're way bigger into that than we are. I don't know what where else in the world is into all that dance revolution type stuff more than the Asian market. I don't know if there is. So, Velvet, Beat, Hyperlquid, Bitcoin, Bit Tensor, Humanity, Salana, Zcash, nothing sticking out to me yet. Pudgy Penguin, Worldcoin, XRP, Finnish Token, Manad, Ethereum, and XLM. Smash that like button. Yes, I would greatly appreciate that. Uh, the the ones that really pop out here is Velvet. That's what I want to look at. We have looked at it the last couple of days right

before it [music] did this big move. We got it on market cap. So you can come down here and see market cap was only like 36 million as of like May 31st, which it was already on our radar at that point. It's like 11 days ago. And now we're at 376.3 million. Now, let's let's switch it to price real quick so we can see that max looks like token generation event July 10th 2025. So, it's been hanging out for a while and [music] then it just kind of ripped. It's good to see some altcoins ripping and there always is. But in previous bare markets and stuff, a lot of times if something ripped, it was just like a silly meme coin and it ripped because it didn't take much money to move it, right? a billion max supply only

420 million circulating supply. So you could say 42% of the coins are in circulation or vested B&B contract base contract AI intelligence here YZI labs AI applications so we have the AI right what is probably going to do well even in the bare market AI for sure uh what's another good narrative uh maybe privacy coins Let's go to their website again. Pretty sure we just went to this yesterday. Trade like a pro with AI co-opilot. So you have this AI co-pilot that helps you right with all your trading. Now we launched the dashboard here. Reminded me of a lot of different dashboards. I did think it looked pretty good. Like the colors and the way that the user interface is. It is very important. How catchy it is is how it gets people excited when they come and then

how much time they spend here. The more time they spend here, the more likely they are to load their wallet in, sign in, whatever, and use it. So you got your regular trades, right? And if you feel like this is going to rip, right? then you could get into some other plays. I see [music] Den is here. It does make me wonder if maybe Djen is pumping [music] because of this whole ecosystem. Again, for anybody who's new in the back, um if you miss a really big pump, especially for like a layer one, you just kind of look at the things that are around it. But you kind of have to remember that like say you're in on Velvet, you think it's pumped too much to get in, which I wouldn't say it has. It's only like 300 and

something million. It's an odd time. If we were super bullish, I would say this thing could go to a billion pretty easily. But since we're not, I don't know about that. But anyways, money's going to trickle down into the smaller coins if it continues to be relevant in a bare market. I wouldn't be surprised if two days from now this thing's, you know, takes a large hit, whether it's an exploit, a black swan event, or just people sell off to go do something else. No idea. You always have to be very cautious, right? So, we got trending volume, gainers, new pairs. Of course, virtuals is very tied into all of this. Velvet Unicorn AI, right, is their their AI here you can talk to. Everybody's got their AI bot. So, you go to trending and [music] you have this

velvet unicorn, right? That is a coin. says holders. There's 84,000 people that hold it. I mean, maybe there's the market cap. That's what I'm looking for. This is interesting. I don't know what this Velvet is. Is this something different? Because this Velvet says the market cap's only 6.5 million where this Velvet [music] Unicorn says it's 531 million. I'd have to mess with this a little bit to figure it out. And then notice you can you can go by base, Salana, B&B, Ethereum, Sonic, which used to be Phantom, Manad. It's great to be able to identify all those networks just by [music] logo. That is the compounding effect of coming to the underground crypto deep dive. Of course, if I click pers, it's going to tell me no way. But then they have trenches, which I pretty sure is a

launchpad. Yep, it is a little launchpad here. You could speculate hard on some things. You can see market caps are [music] super tiny. If I had like an extra $500 sitting around, I'd maybe take some shots on this cuz it's so new. Maybe this is where a lot of people run out of pump. Fun. Those people that loved it that had fun there and [music] made money on pumpf fun, they're going to run somewhere else. And I wouldn't be surprised if they find something like this. Might be why it's pumping so hard. Yields. Again, you can go by chain. Really love that. Uh, in a way this is very much kind of a product of [music] abstraction, right? Because they've made it really simple. Yes, you have to know what chain and stuff, but it's just a matter of

hitting a button versus having to go to a totally separate website that's the equivalent of this on the different chain. You see what I'm saying? That's totally different and far more work. Cuz to start with, you have to know what the equivalent is. Like if you know that Pancake Swap is the equivalent DEX to Uniswap on Ethereum, like that kind of thing, you have to know the stuff in order to move through it. Putting it all together like this. Super genius move in my opinion. All right, let's get out of Velvet. I I definitely enjoyed taking a nice long look at Velvet. That's not where I want to be. And let's bounce back. Everything else that was trending, not really worth looking at again. beat is exactly what you think it is. Let's roll over to crypto rank. Take

a look at that fear and greed index. Actually up a little bit. Sometimes the fear and greed index moves [music] in ways that you don't expect it. We did have a little bit of a pump today. So I guess it's not crazy that it goes from 9 to 12, but you're not exactly moving into the green anytime soon here. We are still in extreme fear. and we got out of it for a little while and [music] it just didn't didn't really happen. Like I wanted it to slowly move up and not quickly move up. So, we didn't quickly come back, but we just quickly came back anyways. So, knowing that I'm like, "Okay, I would have been fine with it going to extreme greed for a week. Uh, if we were just going to come right back to extreme

fear anyway." But there were signs. There were signs. Let's see. Oozo says totally agree will do. Adding to my bags of ETH also smash that like button. Thank you [music] everybody for being here. Let's go to the trending coins. Hopefully Jimmy Villian shows up. I like to just say people's names. All of a sudden they show up. It's happened so many times. All right, let's make it the top 20 instead of the top 10. You know how the show goes. Vinyl Equity. Been over it a bunch of times. We're going to move through fast for some of these because they're not real exciting. Like Final Equity is a digital transfer agency. I know you guys are super excited. Platform [music] for public companies share registry restricted stocks proxy and reporting. Not exciting stuff to the masses, but it's good

to know about. It's good to know it's there. They're in a funding round. No token generation event. We have the Stargate Finance, which seems to have a token. How long have they had a token? It looks like a a little while here. More than a little while. Let's go to the monthly chart. Uh since the 1st of August 2022, they've been around a while. Super low bottoms. Bottomed out here around like 10 cents. Now it's 43 cents. So, it's already done a 4x [music] right for Stargate Finance. So this is something you would have known about. Stargate is a composable omni chain native asset bridge powered by layer zero protocol. So I guess if [music] you would have known u about layer zero ecosystem maybe you would have known about this and got excited right? Layer zero actually acquired

them. So STG holders can now convert STG tokens for zero. Hopefully that's done well. A [music] lot of times it's a bit of a shitow honestly just to be straight up. It's like a rebrand. A lot of times it's terrible. Ape chain, arbitum, [music] Avalanche, Bass, and Bar Chain. They got Bass in there. I mean, you'd want to see like Salana and B&B, don't get [music] me wrong, but it is a bridge, so it might just not serve that purpose. Nura is a decentralized emotional AI platform. [music] That sounds fun. Uh, designed to infuse digital interaction with empathy, memory, and deeper connection. I hate it. So, it's probably going to pump like crazy. This is my new This is my new counter trade myself. I think that this is uh not what I would want and therefore that means

the masses are going to eat this up. I don't know. That's my takeaway. I'm going to start countering myself here because if I did that, I would own beat. That's for sure. [music] Very funny. All jokes aside, let's take a look. It's the AI category obviously. I mean, I I get such mixed reactions with people when it comes to AI and I can almost guess the reaction depending on who who I'm talking to, right? And it's just really weird. [music] I'm just going to take a second to say what happened to NFTTS. NFTts still [music] on a technical side are what they are. But there's only two NFT projects that I can even think of that even matter even relevant at all. Number one being Board Ape Yach Club. That was the premier one, right? Connected to a bunch

of celebrities. They do look like they're building some cool stuff. And if they do build all that cool stuff, probably going to be pretty awesome in the future. More right this second. Pudgy Penguins has real products in [music] stores. Like I've told the story many times, I bought uh bought a little penguin whatever figure, whatever it was, might have been a plush, I don't remember, from the store at Target and then I got home and realized that it was Pudgy Penguins and I was like, whoa, that's crazy, [music] right? Didn't expect that. So my point is they have like real instore items to keep, I don't know, capital rolling in, keep them alive. They were they got rid of their old founder. They have a new person who bought them out and is [music] the one who's really taken

Pudgy Penguins and actually did something with it. Really cool stuff. But what other NFT projects are even in the conversation? I just can't think of any that are even in the conversation. Pudge Penguins is trending on crypto um Gecko right every day. Anyways, I was starting to get off on a tangent. Something I was going to say here. Totally lost my train of thought. All right, we'll move right along. MNX is a decentralized AI focused futures exchange for trading AI company [music] valuation stocks, computation, prices, and prediction markets. I remember what I wanted to say. I think it's really interesting and I just want to put it out there. You guys tell [music] me what you think about it when it comes to AI. So, it's like you'll talk to people and they'll all pretty much agree that AI

in the future, now in the [music] future is not really determined if that's 10 years, 5 years, or a hundred years from now, AI is going to run everything. Most people seem to agree with that. Some people are really terrified about it. Some people think it's going to be really awesome and free up humanity, universal income type stuff. But like everybody tends to like agree whether they're positive about it or negative about it that AI is going [music] to be a huge part of the future if not the dominant force of the future. But then right here, right now, people act super weird about using AI. You know, it's kind of like, oh, I use chat GBT to coordinate and keep everything together and set up a stream and do all these things that if I did this by

myself, one, the show would have a lot less put together, you know, data, but it would literally be like a full-time job. It would be a Here's the thing. It would be a full-time job and it wouldn't be as good. It probably wouldn't be as good as all at all. So, it's like it's a win-win. I can get it done quicker and it takes [music] me less time. But that wasn't my my point is not to come here and try to defend me using chatbt because I don't feel like I need to. My point here is how weird it is [music] that like people hate AI, but they all seem to consciously know whether they like it or not that AI is going to run everything. So then you got to kind of ask people like, well, if AI

is going to run everything in the future, whether that's 10 years, 50 years, 20 years, 3 years, why are you like not knowing anything about it? Like who do you think it's going to run more? The people who educated themselves and know how to use it, have work in different sectors, use it, still have a job, still make more money than the average person? Because if they have a universal income, it's probably going to be relatively low, right? And the people who have real jobs and actually still work probably going to make more money. So why would you want to be the pleb or the peasant in that situation and not the person who understands how to use it? I don't know. It makes no sense to me. And they're they're uh they're very against it. I remember my

wife did a post that had to do with AI and people like were acting like she alone was ruining the earth because she used AI to generate an AI image that she used in their post. Like she alone was ruining the world. People are crazy. But either way, they seem to know, that's my point here. Either way, they seem to know AI is coming, that it's going to run everything. They know that. But they just want to be clueless slaves in the AI world and [music] not educated I don't know people who know how to do something with it. Very interesting. A there's Camsta to BTC pamping a little people are always against new tech. Yeah. I mean uh if you've ever heard go ask somebody who's been around like [music] how people were about the internet. Some people

here might be old enough to know. I was young. I do remember it. I remember using AOL and dial up internet and stuff like that. Certainly people remember much farther back than I do, right? You don't remember when you're one years old. But um yeah, people did the same thing with like the internet. People used to laugh. This is one thing I really remember cuz this was still happening when I was like five, six, seven years old. People would still openly laugh at people. If you thought people were going [music] to go online and buy stuff and want to do that more than go to like an in-person store and buy stuff, like people couldn't fathom that stuff. I know somebody in here knows what I'm talking about. Like they couldn't even believe that people would want to sit

in front of a computer and look at inventory and buy something instead [music] of go to a brickandmortar store. You know who did believe that? Jeff Bezos, he believed [music] that. You see what I'm saying? Like that's that's really what it's all about is that the people who get it get it. They're just not proven right until much later. We're going to move along here. I can get off on some tangents. Let's go. I remember chatting on Yahoo chat. Yep, me too. I absolutely do, too. Yeah, I had a couple girlfriends on there as a 13-year-old. Uh, and they probably were 40 year old men. Cam Stiff. I I had no shade. I had some friends that were that that would chat on there, right? And they were always trying to get me to like chat on there with

somebody. And then like there were a couple of times they turned out to most obviously [music] not be other kids our age. Was a wild world, y'all. Still is. Yeah. People were against the internet. Yep. They were against TVs. They were against radios. And what a losing battle that was, right? Oh, and another point that I wanted to make, and it does align with what I use on the channel and stuff, is that how come when you use like the most advanced stuff out there, people want to take a on you? Excuse my language, but this is not a kid show, right? What What's up with that? Like, oh, you use chat GBT to do something? What a loser. It's like like uh freaking Benjamin or Clam, same person in here the other night and he's like you'll never

learn anything on Chat GBT. It's like it literally aggregates information globally from the internet. Like it just aggregates information. It's Google on steroids. But nobody would be like, "Oh, where'd you learn that? Oh, you googled it and found it on the internet? What an idiot." Nobody would say that. Nobody would join in with them and be like, "Yeah, he's dumb. He uses Google to look things up [music] because now it's been so long that everybody uses Google to look stuff up." And now they're using chat GBT because it's faster and it's far more specific. You get my point? It's just funny when they're like, "Oh, you'll never learn anything on chat GBT." Like, "What the heck are you talking about, dude?" Anyways, he I don't know. He He gives me the vibe. just for example that he's like a

65 year old man or something like that cuz that's like get off of my lawn type stuff, right? Anyways, I will move on. I said it, but I will move on. Only action I ever got for years. All right, so what else is going on here? We talked about MNX, [music] Athena. MNX, by the way, is AI. Morpho been around a while. TVL Capital, of course, TVL standing for total value locked. So, TVL Capital is an omni chain structured product and financial infrastructure company [music] building chain traded products, CTPs said, "Don't let them get to you, G. Stay positive and good things will [music] happen." Oh, absolutely. He doesn't get to me at all. Matter of fact, I will say that he seemed to be a pretty competent traitor. And it is a shame that he had to act

like a [music] fool because he probably could have brought some really good understanding to the to the group. I would have I would have actually looked forward to learning from him if he knew how to be a people person. But anyways, it don't get to me, man. I'm not stressed [music] about that. My point was he was acting like using chat GBT is like for idiots. That was my point cuz we were talking about AI. I don't know what part of the conversation you came into camp. So, we were talking about it's weird that people know that AI is the future. They all seem to agree, but then you just have these people who are just oddly against everything AI and it's just like, okay, but you know, it's coming regardless. I don't know. And again, who who would

make fun of somebody for looking something up on Google, [music] especially 2, three years ago? Nobody. Everybody looked everything up on Google. And slowly, everybody's looking everything up on chat GBT. And it won't be weird to use chat GBT in 2 3 years from now. Promise. TV, unless you're like talking to like an 85year-old person. [music] And that's why I made that comment. So, Total Value Locked Capital has raised $5 million, which is not a lot of money, is an onchain structured products and financial infrastructure company building [music] chain traded products. Excuse me, CTPs. I did already read that. framework ventures and we could go into all kinds of stuff programmable onchain versions of sophisticated investment products. It's just bringing tradi into crypto world and exposure both using blockchain technology for stuff that they already do in Tradfi and

also giving Tradfi exposure to what we're doing over here in blockchain. And I say we're like I'm involved somehow. while I'm on the internet talking about it. So, I guess I'm somewhat involved here. And of course, I just want to take a minute to let everybody know I still love what I'm doing. I'm not going anywhere. I love the show. I love learning. I love looking at all this stuff. There could be five people here or 500 people here. I'm going to be enjoying [music] raising my crypto IQ. And it's not just talk as you can see. Bottom of the bare market. Well, [music] don't want to say bottom. Bare market lows. And we're still doing the shows. It's got a nice ring to it. Folks Finance. Maybe I'll make a real about that tomorrow. Folks Finance. [music] I've

heard of this before. It sure does ring a bell. This doesn't mean I can remember how old it is or isn't. Yeah, the 3rd of November 2025. Okay. Melissa [music] says, "I love the show as well." Which I'm super glad to hear. We have some people even it's such a blessing that even [music] in this kind of time with crypto where people have just lost excitement. Most of them have gotten hurt so bad because they're probably trading with way too much leverage and and they don't have any spot bags or they do have spot bags and they watched them go down. They roundt tripped them and they uh they're very beating themselves up which is easy to do. No shade on those people. But anyways, people like Camsta, he comes to the show continuously. Usually Blues Guy, but uh

Jimmy Villain has been in here saying great things that he's really picking up. I can tell that Jimmy Villian Jimmy Villain gets what [music] the channel is. Not everybody seems to get what the channel is or the Discord for that matter, if you catch my drift. [music] They think it's like a a TA uh trading discord when it is not. I'm all for trading and having TA in there, but that's not what the channel is. Anyways, $2.3 $2.40 here for Folk Finance, a pioneer D5 platform that offers crosschain lending, borrowing, staking, and trading. Supposed to give me more details. [music] Oh, it's going to just give me a bunch of nonsense. Shout out to the popups on Crypto Rank giving me something to click on every five minutes or 5 seconds it feels like. So, let's go to the

website for Folk Finance here again. November 3rd, 2025 is when this came out. [music] I do definitely remember it. And what do you do with all these different financial, you know, leading crosschain DeFi? There's so many of them and a lot of them do a lot of the same stuff. They have a vault. They have a swap. They have a bridge [music] a lot of the time. There's nothing wrong with that. I'm not trying to say that they're like [music] not needed. They're just infrastructure. And people don't really get super excited about infrastructure, do they? Here's [music] the more web 3 version of what they got going on. Big big disclaimers. Decline the cookies. So connect your wallet, create an account, start using start [music] using folks finance web 3. They got the loans, the swap, you can deposit

and you can connect your wallet, [music] you can choose your network, Avalanche, Ethereum base, B&B, arbitrum, I mean monad, say, they have a lot. There's a little drop your points. So it's very interesting. I don't know how long this has been live necessarily. But now you see what it is. Let's move on. I don't want to spend too much time [music] on folks here. But it's got a for almost $40 million market cap. Been as high as 621. Tells you it has fallen from the good graces. TSFC again another I keep highlighting it. It's another exposure from Tradfi right to crypto. TSFC is a classic trading service in [music] the digital asset market. Who do you think would be interested in this? A trading service in the digital asset market. When investing through TSFC, clients authorize the company to

execute transaction and operations [music] with their funds on cryptocurrency exchanges, right? So, it's like an exchange. Unifi Network. Very interesting. I don't know. We'll touch on it. It's got AI right at the end. So, you know, it's got something to do with AI. UniFi is a platform that provides dynamic AI tools, secure execution, and autonomous operations for DeFi. Sounds like I don't know, it'd be mostly used for developers. Let's go to see more details. See, empowers agents to go beyond static predefined functions. They can discover, compose, execute tools at runtime, making them adaptive, anonymous. Yep. Fearful. So, there you go. Has a lot to do with a AI agents and DeFi. That stuff is really cooking. Cloudbot, Cloud Bots are really cooking. Uh, a lot of people are claiming they're making extraordinary amounts of money um [music] with Cloudbot.

Definitely something I'm highly interested in. I wish I had a lot more time to spend on it. If I didn't do this show and this channel, I'd probably be spending probably three, four hours uh a day messing with Quadbot. [music] GSR Securities or Equilibrium Capital. I mean, you can imagine what that is. Um LLC is a registered bro uh broker dealer. The company is registered with the SEC, right? And me members of FINRA. Not going to spend a [music] lot of time on that. Jenction. Jenction is an AI computation pool and layer 2 connecting global GPU supplier and AI teams through based incentives and pricing. Again, tons of AI stuff, tons of Tradfi [music] and services for institutions seem to be what is coming out right now. CoinMax is a decentralized platform with AI, copy trading, and market making

yield vault. probably [music] has something to do with Claude, right? Mega or Magma, sorry, Magma Finance. So, Magma Finance, I think everybody does pretty much know about. Magma Finance is a decentralized finance DeFi protocol focused on the SU blockchain [music] ecosystem and movebased blockchain. A lot of interesting stuff there. Hopefully some people remember our talks [music] from last week where we talked about movedbased protocols movement as a [music] foundation um and also project and how is built like that and how is actually quite different than most chains. Is that going to matter in the future? I don't know. But it's good to see a project on getting some some serious attention. I [music] like that. Apparently it's not going to be deep book right just the hair AI. We can move on from this. Let's go ahead and wrap

up some news here. XRP network demand has also collapsed from its speculative peak. 90-day moving average of all total fees paid on XRP network [music] has fallen about 91.5% from around 5,900 XRP in February to 2025 to roughly 500 XRP today. big fall about 91.5%. [music] Glass node describes this as a near total contraction in organic transactions [music] demand since speculative peak. So I guess those plays that we were looking at for XRP, you know, that were built on the XRPL network are not doing so well. Good thing I didn't put very much money into any of that stuff. This matters because price weakens is one thing, but falling network demand is a deeper issue. It suggests the market is becoming less forgiving [music] towards chains and tokens that cannot show strong real activity. It's an interesting narrative because

like was XRPL [music] ever really supposed to be like a user everyday retail network? I don't really know that it was. Sure, you were able, you know, you were able to use it, but that doesn't mean it was really built [music] for retail. The market is rotating towards fundamentals. One of the clearest quotes [music] from today's coverage is that bare market is accelerating a shift away from the narrative-driven tokens and [music] towards protocols with real usage, right? revenue buybacks. This is why talking about buybacks, I mean, this is [music] why hype, hyperlid get so much attention. Oh, that's [music] where they're going with this. Specifically mentioned Hyperliquid. There you go. As one of the altcoins still outperforming because of stronger fundamentals. [music] It's very important theme for tonight and just in general, right? Prediction markets are still leaning bearish

on Bitcoin. Most people think [music] Bitcoin's going lower. Ethereum prediction markets are even more bearish. Could have put that into one news story, right? Japanese [music] biggest bank plans to have a joint stable coin launch by [music] March 2027. I know a lot of the talk from a lot of the XRP people was um about Japan, right? Japan wants yin [music] stable coins to become useful for Asian settlement. Bitwise says [music] financial adviserss are more interested in stable coins and tokenizations than Bitcoin itself. It's a hot take, right? That is a major shift in the crypto conversation. Bitcoin is still the biggest asset, but the institutional education narrative is moving [music] towards blockchain rails, tokenized assets, and stable coin settlements, which is interesting because it's going to be a little bit harder for retail to swim with the fish.

you know, the whales here and get a piece of it. Maybe in the tokenized assets you could get in on some projects, but you can't buy a stable coin and get in on the appreciation of value, right? They're making their money off of the fees from the settlement. Radium was hit with a $1 million exploit. It's not very big. I mean, it sucks they had an exploit, don't get me wrong. It's not very big. DeFi exploits and dormant code risks are back in focus. Yes, because you have Cladbot and AI that can scour every little bit of code, right? Master Cards AI agent payment rollout is getting crypto support. Ethereum privacy is back in the conversation with PERC20. This one's interesting. Decrypt tracker also listed an Ethereum PRC20 proposal that revives interest in privacy token transfers. This is important

because privacy is becoming the biggest topic again after the Zcash bug and Monero audit discussion. [music] Now Ethereum privacy proposal. The market is trying to figure out how to balance privacy, compliance, [music] and auditability. That's interesting. Make elements where you want them private and not everything private. That could be that could be quite useful. Bitcoin [music] layer 2 botnix is shutting down due to lack of adoption. So when we go talk about Bitcoin DeFi reports that Bitcoin layer 2 network botnix is shutting down in July due to lack of adoption. It didn't work. That's the takeaway there. Delaware law Delaware Delaware Delaware lawmakers are advancing a bill to ban Bitcoin and crypto ATMs. Don't get me started on these crypto ATMs and scam concerns and that they're they're always scamming the old people who have no idea what they're

doing. They're always doing it. They're probably always going to be doing it, you know. and Salana Foundation enables crypto buyins and stable coin payouts for World Series of Poker events. That's kind of your news there. And then it goes into a lot of times what is trending on social media, which are all the same things that we just went over. Hyper liquid and parodym are pushing back on stable coin AML rules. Now, let's raise that crypto IQ and get to some of these top points. Everybody still awake out there? Everybody still doing well? Drop something in the chat. Let me know. Crypto today is too transaction centered. Hot take. Hot take. Most crypto apps are designed around transactions. Approve this, sign that, switch [music] network, bridge here, swap there, confirm. Again, this makes sense from a protocol point of

view because blockchain processes transactions, but it doesn't really match how users think and the stuff that they would normally use. Users do not want to wake up thinking, I would like to create a sequence of state transactions, transitions across multiple blockchains, right? I don't know who thinks that anyways, but you get the point. They think I want to swap, pay, yield, move funds, buy something. That is the gap. Crypto infrastructure thinks in transactions. Users think [music] in outcomes. Intents are an attempt to close that gap. I think it's genius. I hope that they can actually do it. An intent is about [music] the desired outcome. The simplest way to explain an intent is an intent tells the system what the user wants. Not every step in between and the user and the system figures that out. Right? That is

the key difference. A transaction says perform this action. The intent says achieve this result. For example, a user may not care whether a swap routes through a DEX or several different dexes. They may not care whether it uses one bridge or a different bridge. They may not care about which solver fulfills it. They may not care about what end result. Did I get the asset I wanted? Fair price? Was it fast? Was safe? Did I avoid unnecessary friction? That is what really matters [music] to a user, right? They shift the experience from a step-by-step execution to resultbased execution. I think it could be great, but how hard is it really to 00o says he's here. Glad to hear that. Thank you for responding. I appreciate it a lot more than you would know. [music] So, if somebody could pull

this off is going to be great. Kind of makes me want to go over to Coin Gecko and type in like intent [music] as a category right here. Okay, we do have a category. Let's see what we get. Cow Protocol. Why do I feel like Cow Protocol is built by Gnosis? And look, when it comes to intent, Anoma [music] is here. Now, I'm not going to act like this [music] thing has done phenomenally well in price, but it does seem that in the intent system, there's not a lot. And what's maybe better, bigger market cap, this [music] cross protocol and this cow protocol. We'll come back to that in a minute. So, solvers, it's exactly what it sounds like. They're solving how to get what you want done. You have you as the user have an [music] intention. You

tell the system what intention that is and then the solver is the one who figures out how to get it done. So solvers are the actors. They do the actions that fulfill the intentions the user wanted to have done. [music] If intents are what users want, solvers are how those wants get [music] fulfilled. A solver is an actor or system that finds a way to complete the user's request. Depending on the design, solvers may uh provide liquidity, route across dexes, bridge assets, execute cross-chain actions, compete for best price, manage timing, handle execution complexities. The user does not necessarily need to know all of that. The user doesn't want to know all of that. They just want the outcome and the solver handles the path. This creates a complexity layer around execution. If multiple solvers can fulfill the same intention

well they can compete to provide the best result. Now you have competition in that marketplace making the best possible result [music] for the user. Competition in a market is a good thing for the user. That competition would improve pricing speed and execution quality. But it also creates a new question. Who are the solvers? How are they incentivized? Can they fail? Can they censor? Can they do me attacks themselves and extract maximal value from the transactions and basically turn against everybody? Can they extract value? Can the system stay competitive? Those questions matter because when complexity moves behind the scene, trust and transparency, it becomes even more important or obscure. and can't connect directly to chain abstraction. Right? These go hand inand here. Tuesday we talked about chain abstraction. Monday we talked about wallet abstraction. The idea was users should not

have to manually manage chains bridges gas tokens and fragmented liquidity. Intents are one way that the chain abstraction [music] becomes practical because if the user expresses an outcome, the routing system can figure out which chains liquidity sources and bridges are needed. The bridge may still exist. The route may still cross chains. Liquidity still has to move. Settlement still has to happen. But the user does not need to manually operate each one of these pieces. And that's what makes this an invisible upgrade, right? Because it's what you're not doing that matters, not what you are doing or seeing on chain. [music] Infrastructure does not disappear. The user's burden decreases. And that is the entire point. Intent could improve DeFi execution. Of course, DeFi is one of the clearest areas where intent makes sense. Today, a user might need to find

the best swap route manually, right? Or rely on an aggregator, which I usually hate having to figure that out. But intentbased systems can make this uh more outcomedriven. The user says, "I want to swap this token for that token under these conditions." [music] The solver completes that and makes it happen. and they probably get you better pricing, right? [music] And reduce slippage and all of that fun stuff. This is especially important in DeFi spreads across multiple chains. If you've ever had to do anything in web 3 [music] where not not only did you have to bridge something, but like you had to bridge something multiple times to get where you want and you couldn't just one time bridge where you wanted to go. That would be the fragmentation of crypto in general, right? So, liquidity is fragmented. No single

DEX always [music] has the best route. No user wants to compare every chain manually. That takes forever. Intent makes the user experience more direct. I want this result. Find the best way is all the user wants to have to say. Intent could make bridging feel outdated, and I hope it does. Manual bridging is one of the most painful parts of crypto, but intentbased systems can turn bridging into background action. Instead of bridge from a chain A to chain B, wait, switch g, yep, get gas, use app, [music] the user will just simply say, I want these assets to move over to this chain. And then the solver or filler provides the destination [music] asset quickly and handle settlement in the background. that does not magically remove the underlying complexity. It just hides it. It abstracts it. It reorganizes who

has to deal with it. Instead of it being the user, it is the system. And that is a huge UX shift. Let's take two seconds here and bounce back over to where we were looking at intent protocols, right? The only two that rank higher by market cap besides Dbridge, which I'm not exactly sure how that fits in here, is Cow Protocol and a cross protocol. And let's learn a little more about it. So, CowFi has an Ethereum contract and many others. Base Gossis. I knew it. I knew that Cow Protocol was built by Gnosis. I don't know if Gnosis will ever get spotlight. I feel like it will at some point, but they've built some really cool stuff with Gnosis and not a lot of people know about it. It's one of the gems that I feel uh glad

to know about. Not so much the tokconomics on Gnosis are amazing, but not so much because of the price go up for Gonosis, which it easily could have, but because of the tech and stuff that they've been building and how forwardthinking [music] Gonosis as a foundation has been. I know the type of stuff most people are probably not thinking about. And it says decentralized exchange, MEV protection, and intent, right? So, let's see. How do they go about actually having some kind of intent, right? What is this liquid liquidity pool on Cal Automated Market Maker? Okay. So, Cow Dow develops the most userprotective products in DeFi so you can do more with less worry. Cow Protocol, open- source permissionless DEX aggregation protocol. Cow swap, the DEX that lets you do what you want to do. Mev Blocker. Uh, don't hear

enough. See, this is so this is so like ahead of its time. um addressing real problems in crypto that I just don't think like between intentions and mev it's like people don't even know that they're by the mass in crypto not even outside of crypto but in crypto don't even know these are real problems and they're already fixing it right cowdow is famous for pioneering technology at the forefront of intense me protection and more whether If you're a crypto beginner or an Ethereum OG, you can learn more about these important topics in the cow [music] knowledge base. Love that. Okay, we got governance by holding the cow token. Kind of want to go back. What was the tokconomics on [music] cow? A billion about 58% in circulating supply. 24-hour trading volume is pretty low though. Let's go to the

actual swap here. And again, we're here because they talk about intent. So, I'm like, what? Where's the intent, right? Where is that? So, you got swap swap now. Say I want to get some USDC to cow. What does Okay, so one cow is about 13 cents, 14 cents. Just interesting stuff I like to know. Is ginosis coin on here. Here's Gnosis. Just cuz I can quickly see what Gnosis is worth. Why' it do that to me? Kosis and just pick pick a stable coin already. Type in U S D see C. We'll go with that. So, it's about $95. There's a lot easier ways I could have figured that out, huh? Connect wallet. Okay. Hey, you can use MetaMask, Ronin, and probably many other 530 other wallets. Get out of here. Wow. You don't usually have that level of

connectability here. That's crazy. They have 530 plus different wall. I've never I I don't think I've Maybe I don't pay full attention. I've never gone to any of these type of web 3 websites and seen that many wallets that you could connect with. What's up with the Mev Blocker? Me blocker has been acquired. Go to mevlocker.io. You're being redirected. Click here. So, is this like something I have to go add? There's a lot of interesting stuff to go in here. trying trying guys not to go down too hard of a rabbit hole right now. But it's very interesting. So, let me let me bring it back in. Let me reel it back in here a little bit. Cal Protocol is is best of my knowledge and memory a product of Gnosis. We like Gnosis for its, you know, tech

and its tokconomics. I'll show that in a minute. But we're looking at intent layers because that's the topic here. And the only thing that AL uh does a noma by market cap is this across protocol cow protocol in this Dbridge. I think Dbridge is literally just a bridge. Let's go check that out. It's got just in a salon address. Got nothing else going on for it. Trade. What's next? The fastest way to own any opportunity on chain. Okay. So, it's a decentralized exchange. It's a swap. So, it looks like it's just a swap. Like, it's not even like pers or anything like that. And are you There's no way you're just swapping coins on Salana. No, I don't want protocol statistics. No, thank you. Just kind of wanted to see what all it is, how this is considered intent.

I get it, but I I don't know that I would really say this is competing in the world of intent, right? Even with Gnosis, I wanted to dive into a little bit more. How is it how is it dealing with intent? Right? But my point is I don't really see a lot of projects forwardly talking about [music] intent like a noma is. So keep that in your mind. Intents could also create new risks. This is where they stay balanced. Intents are powerful, but they're not magic. They introduce new questions. Of course, with every new integration of blockchain technology or fix, sometimes you just break more stuff, and that can be the undoing of any great idea. If solvers become too centralized, they become a choke point. If too few solvers dominate, [music] competition could be weak. If routing is

opaque, users may not understand what risk they are actually taking. And if solvers front liquidity, there may be settlement and liquidity risks. If execution is too abstracted, users may not even know whether the route was safe. Better UX does not automatically mean lower risk, right? Sometimes better UX hides risk and it means that users could be highly taken advantage of. So, it's a design challenge for sure. make the execution easier while of course preserving transparency and safety and making sure that the user is not actually being ripped off. Because just like how it could go and give you a better route through DeFi that's cheaper, it could also go through a different route where it just makes sure certain people get paid or it actually costs more money than it needed to, right? The user experience gets simpler, but

the backend gets more complex. So this might be great for the user, but it's a nightmare for the developer. This is a major insight. Invisible upgrades often work this way. The front end become simpler and backends become sophisticated. Think about a normal app. The user clicks one button. Behind the scenes, there may be databases, APIs, payment processes, [music] fraud systems, cloud infrastructure, and routing logic. The user doesn't see any of that. Crypto is moving in a similar direction, but the user may eventually click one button or express one intent behind the scene. Wallet solvers, liquidity, uh, liquidity networks, bridges, smart contracts, and and chain coordinators to fulfill what what they want done. I was just thinking, [music] um, you know, CHBT is very much that way. You put in what you want it to do and you have no

like you can look at some of the links and things that it does to process and figure stuff out, but like not many people spend the time [music] to do that. You just look at the answer, right? So that is not complex. It's complexity. I'm losing my train of thought. Okay, back up. I know you guys think I just read this stuff, but I am losing my train of thought here. So that is not less complex. It is complex. Moving away from the user, the abstraction is the point there. My brain doesn't want to say that word right now. Uh that is the whole point of better UX. The future may be outcomebased crypto. The bigger philosophical point here, not to get too lost in the weeds, crypto today often asks, "What transaction do you want to sign the

future?" And remember, to sign a transaction is to put the transaction up as a proposal because there's no guarantee that it's going to get finalized in the network. And the future may ask, what outcome do you want? That shifts everything, changes the wallets and all the things you can think of from payments to games. Trying to condense this a little bit. If crypto can move from transactionbased user UX userability to outcomebased userability, the whole experience becomes easier to understand. This is why intent may matter beyond just one niche. They represent a larger movement. Crypto becoming less about exposing infrastructure and more about delivering outcomes. I think you can guess what the core insight is here. Users do not think in transactions, they think in outcome, right? you think about what you want done, not you know what it takes

to get there. Generally, you have to figure that out along the way. And I'm just going to bounce over because I just noticed that Anoma has been [music] posting quite a bit. Just kind of seeing where it's at. >> Getting a little bit of attention. 179.5,000 followers. >> There's one person following that they're following. Who is that? The Anoma Foundation. Yes, I would like to follow them. Let's go there. 36,000 followers. >> Steward of the Anomma ecosystem, providing resources, guidance. This is like all the less uh retail facing stuff, right? From July 8th, V1 is live. All right. Looks like they post a lot less often than the regular Anomma page. Basically, Anoma has put this Anomma Pay out. That's the biggest most recent thing that they've been posting about, which having payment rails, I guess, is something you

would really need if you're going to build everything else. I just wonder how far along they are with building everything else that they say. Now, another payment option available for B&B users. V1 allows you to hold, transfer, and pay with crypto without publicly exposing your balance or transaction history. So, it has privacy in it. Could theoretically, I don't know how soon people would realize it, but it could wind up being another privacy coin as well. Let's go back to crypto rank. Do they have privacy as a category for ANMA? What just happened? Privacy. Privacy infrastructure. Okay, so it's well known at least that they are privacy infrastructure. That's good. I mean, they have some narratives here. I mean, the only narrative that they [music] don't have here, at least forwardly facing is like AI, but there's no way, in

my opinion, there's no way they're going to pull off this whole intention again chatbt of crypto kind of idea. No way they're pulling that off without AI integration. So, they should probably put some of that out and that might get people a little bit more excited in the project. Anyways, I'm not going to do a whole another stream on a Noma or anything of that nature, but it was a fun show and a fun rabbit hole to go down. How is everybody doing out there? Blues Guy says, "Oh, you guys are still on. That's awesome. Hopefully I stay awake. Lol. Grateful for the low prices." Yeah, absolutely. Of course, we're still on. We usually do 2 hours, 8:30 to 10:30. >> [music] >> I know the time's a little bit different where you are, Blues Guy, but we're an

hour and a half into the stream. Just going to do a couple simple things where I give everybody an opportunity to say anything they want to say, talk about anything they want to talk about. How you feeling. Uh, again, with the nonsense going on with YouTube, I I don't have the ability to do a membersonly stream, which is highly frustrating. And I'll state one more time, it's insane that YouTube, owned by Google best option is to is to wait four to six weeks to see if a piece of paper shows up at your doorstep or in your mailbox. That's that's that's the best they got. Crazy. Uh yeah, not that it matters cuz it's not going to go nowhere, but they should be absolutely ashamed of themselves for 2026. You got to wait four to six weeks for a

piece of paper with a like probably [music] fourdigit code to come in the mail. I could probably have AI guess a fourdigit number in four to six weeks. Let's put it that way. What is this? What is that? Oh, it's I got some wool. Let's go to the city map. And then what do you do when it doesn't show up? Well, you get to wait another four to six weeks for it also to not show up. Just absolutely ridiculous. They're like, "Oh, you need to get monetization for your channel. How about we wait, we we do a sixmonth process where we jerk you around." Incredible. And uh you know we're here guys. We're in the doldrums of of crypto right now. And it's funny, I've changed a lot of things. Um, I didn't realize how unhappy I was with

the thumbnail today until I saw it right before I was about to go live and I was like, "Wait a second. I must have been really tired last night when I set it up." I don't usually set it up tonight right after the stream. Thought I'd try to get ahead. I must have been really tired because that thumbnail uh does not look like me. Let's put it that way. I typically make my own thumbnails and I have been using something to help me make the thumbnails a little more than usual. And at at first glance, they look really good and they're catchy, but I I I have the sneaking suspicion, and I know I'm mostly talking to myself here, but I have a sneaking suspicion that like all of these platforms really don't like people using AI. Like, they

don't like it at all. And I don't know how they're going to do that. And then they're going to turn around and and have their own AI options because they have to compete, right? And they're going to try to sell you them. It's kind of crazy. I wish Reliable Jay was here cuz he explained to me why I got like banned on Twitter. I I still don't remember what it was, but he seemed to understand it. Reliable Jay's really good with Twitter. Anyways, I basically just feel like they banned me because my posts sometimes have AI uh scripts in them, right? Because they give you like a what's called a call to action script in AI. And so it can detect apparently what's been written by AI, but then they want to like sell you Twitter premium so that

you have access to Grock. How does that work? So, if I would have used Grock to do it, would they care less? Would it matter at all? It's just it's very interesting in my opinion. The dynamic like um I've seen a lot of YouTube videos going on now where there's a lot of like AI channels being demonetized just because they're AI channels. Like AI has made them, you know, they're made by AI, I guess, is what I'm trying to say. And it's kind of like Well, which one is it? Are we integrating AI into everything? Because also, if you go into YouTube Studio in the background, they have AI now as like chat and support and answer [music] questions about anything from what a problem you're having to like if you want video ideas for your channel. Like they

have AI, but you can't have AI. I don't know, maybe I'm tripping, but that's what it seems like to me. They just don't have a balance there because AI is so capable and can make all of these like faceless channels. You know what I mean? But then they don't want to pay you for that. That's what it really comes down to. So then what if you're in between? What if you're somebody who like uses AI to help you do some things, which would be the smart thing to do in in the world that we live in versus the person who literally has like AI build an entire channel? Is there no difference between those two people? one who still puts in tons of effort and actually runs a channel versus like a faceless channel where Quadbot does [music] everything,

generates a script, grabs AI people, all of that stuff, right? And I know I'm ranting and rambling. Uh, Eugi, I'll give you a call by Friday, but all right, I will I will be here for that. Whenever you call, I will be here. All right, enough of this game. I could sit here and go forever just running through these guys, but we got what we wanted. We got our thousand points. So, give me my free item. They got me. Of course, my son has been sick, and I do feel like I might possibly be starting to come down with it one day. My son literally had to whisper like the entire day because he lost his voice. I really hope that doesn't happen to me. I hope I don't lose my voice. It's one thing to do the stream

and just be a little sick. It's another thing to literally have no voice. So, we might [music] have a pretty hilarious stream one day where I have to I have to do sign language. Maybe I'll have AI uh, you know, translate the sign language for you guys. I'm kidding. Of course, I don't know sign language. Got him. That was a wellplaced shot. Still [music] super relaxing. Play a round of panzer dogs. Why can't we get some integration? Can't they just give Panzer Dogs to somebody who actually cares about DeFi uh gaming and let them do something cool with it? I don't know. I am super tempted to go build like my uh my own game here. with all the the capabilities and things that I've learned about, I just wonder how much all of it costs. Everybody's like, Cloudbot,

you can do everything. And it's like, okay, but like how much money does it cost to build a lot of these things [music] before, of course, you would ever necessarily recuperate any money at all, right? How free is QuadBot? I I genuinely have no idea, but my experience so far is none of those things are free. and they want you to buy credits and then if you unsubscribe like you can't just keep your credits that you paid for. That part is makes no sense to me. It's like you you bought credits but you know if you unsubscribe you [music] can have your credits until the end of that pay period and then uh you're not allowed to have credits anymore but you already paid for them. So they're just basically stealing the credits that you already paid for for

your account. They're just taking them back and giving you nothing. It's the Wild Wild West, I tell you. Top Dog, it was fun, guys. I hope everybody has a good night. I will see you guys back tomorrow, 8:30 p.m. New York time. I hope you learned something about Intense. I hope this invisible crypto upgrade has got you understanding how we could potentially get a lot more people using crypto and blockchain networks without even realizing it. Yep. Take care. Always good to see everybody. Stay underground. Stay crypto. Think long term. I'll catch you tomorrow night. Underground crypto out. Oh, wait. I have to actually end it. All right. Out. Oh man.