Daily Crypto IQ: Who Can You Trust in Crypto? 👀🧠

[music] >> I think that we're just holding on to something. >> [music] >> I think that we should I think that we're just holding on to something. It's scary what's going on. >> [music] >> I think that we're just holding on to something. >> [music] [music] >> What's up everybody? Welcome [music] to Underground Crypto Deep Dive Show. Shout out to Strigaheart, Melissa, and Chris Ghost [music] 333 my fellow lifer givers gain. Let's hop over and kick this thing off here. Let's make sure you can see me on the screen. That always helps, doesn't it? Fix the collar up. How's everybody doing on a Monday night? How was your day? Throw 111 in the chat if you are excited to be here. And let's take a look at this 4-hour here for BTC. We are drawing this bearish continuation pattern.

Um about ready to potentially delete this and see what else we see here. And for me, it just kind of feels like price action going sideways while the 200-day moving average is coming in somewhere. It's getting a little sloppy. Somewhere they're going to meet, right? Price action and the 200 and a decision is going to be made. Probably see some kind of volatile up and up or down there. Let's go ahead and delete everything for BTC here and just take a look at what we got. Again, 4-hour chart. Some might say this looks like a cup with a handle. Others might want to say this is some kind of falling wedge or channel. Kind of see like a shoulder, a head, maybe a shoulder and you get that continuation down. Which is measured move would be would be right

here. And that would definitely break your low there. Of Yeah, it looks like something like maybe 57,000 700. For all intents and purposes, what's going on in this chat? A l o double o zo in the house. Love to see that name come through. Haven't mentioned that one yet today. We got a 111, we got 333s. Glad to hear everybody is [music] doing well. Excited to see if maybe Cam's the blues guy. Reliable J, anybody else comes through right here. And let's see, can we still put this in anything? You kind of ignore this breakout that we had here. Kind of ignore that, right? Still very much seems like you could be in this continuation pattern for BTC. Which when your measured move would be something like right here. Maybe it doesn't happen till farther over where you hit

the 200 and we make a decision. In my opinion, I believe we still very much are in a bear market. Look at this though, you had See how this from this bottom to this bottom pointing up? And then from this bottom to this point it pointing down. That is your bullish hidden bullish divergence. Gave us this little pop right here. Told you we were going to have this pop. Let's take a look at a few things here. We got LAB. Hey, there's Cam's the says I'm here baby cakes. Hey, I'm glad to hear it. Double O Zo using that brain emoji. I still got to make sure that thing's not so flat. I don't know why it did that to me. It didn't do it to any of the other emojis but that brain emoji with the Bitcoin in

it like flattened it. It was very weird. This is LAB. Pulled a fib on it. Bounce pretty much beautifully here on the 786 but I will agree that this chart is a little bit much. Let's go back to BTC. Let's drop down to the hour cuz I didn't really do that. Yeah, we've just been toying with this 200 on the hour here. Losing [music] it again. Moses says you're hitting on underground. Hey, maybe he is. I don't know. I'm not going to speak for him. With all that said, let's go ahead and hop into things. Welcome back to the daily Crypto IQ stream, where we go deeper on topics that raise your Crypto IQ, actually. Uh, cold water. Tonight, we're starting a new series called Crypto's trust problem. If you read the thumbnail, if you looked at the title,

you'd already know. And this is going to be a really important week because Crypto has this famous idea of don't trust, you verify, right? Well, we say that a lot, but when you actually realize people in Crypto, they they mostly trust a lot of things that they don't know anything about cuz they haven't raised that Crypto IQ, which is one of the main ethos of this channel. Crypto does not magically remove trust from everything, right? You're still trusting technology you probably barely understand. Do you know what fully homomorphic encryption is? Zero-knowledge proofs? Zero-knowledge rollups? Do you understand the difference between a layer one, a layer two, a layer three, a layer zero? Do you understand, you know, how a layer two actually operates on a layer one blockchain? So much stuff to go over. Do you know what a

mempool is? Do you know what MEV is? Maximal extractable value. Do you know what that means? Do you know that's why you go to do a swap and you get far less coins than you're supposed to. Somebody made money off of you. I'm just saying, you might want to raise that Crypto IQ. So, Crypto does not magically remove trust from everything. It moves trust around, right? It makes it obscure. And you may not be trusting a bank, right? You might be trusting exchanges, you might trust wallets or stablecoin issuers, you might trust a bridge, you might trust smart contracts, or you might trust an audit that they did on a project, and you might believe that that audit is legitimate, right? You might be trusting an influencer. Hey, never financial advice over here. You might be trusting a project

team. And sometimes the biggest risk in crypto comes from not realizing who, but what you're actually trusting. That's hilarious, Dreger Hart. I'm not going to read that one out loud, but that's funny. So, tonight we're starting with the big foundation question, who can you actually trust in crypto? And of course, the quote of the day would have to be at that point, don't trust, verify. And let's go ahead and get us over to these crypto bubbles, where we love to kick off the show. And let's see what's going on. What's up? What's down? Top 100, top 200, top 300. What is going on? Dexe, kicking us off here for 54% gains on the day. Take a look at that, up to $22.11. That is the Actually, the high was $0.16, but we're at $0.11 right now. So, really holding

our highs pretty well here for Dexe. The lifer and a few others I've seen talking about Dexe for a minute. Rain is prediction markets, it's up 10%, hash up 10%, stable, um you would think is a stablecoin, but it's it's not. It actually fluctuates a lot. Not pegged to a dollar, per se. This ADI, I remember this project. All right, let's drop down our 1 through 1,000. I don't see anything crazy here. Uh biggest gainer like [music] 0.5% biggest loser 1.4%. Humanity down 36. So, Humanity, I don't know if Humanity's going to recover from some of the negative press and news and problems that they've had, right? Let's look at the monthly. The monthly's been brutal. You were riding high up here. You really did make a big double M pattern, right? Is the news real? Hey, we're talking

about trust. We're talking about verifying. So, it's very on point to talk about you know, the charts seem to convey, look at this big M, that you were going to have a pretty good drop here. And you did, but it was around news. So, what came first, the chicken or the egg? Humanity down 36% Gwei, which I keep saying I like Gwei a lot. It's up 15.5% on the daily to a high of about 12 cents, [music] closer to 12 and 1/2 cents. If you don't know what Gwei is, it has to do with gas on Ethereum. DYDX Just kind of looking around the crypto market. It's what I love about the crypto bubble is it's a digital representation of data that otherwise might be somewhat confusing. And like we can look at 100 coins at a time, right?

That's pretty helpful. That really helps us move quicker. So, we have ALGO, which is all about abstraction. We've talked a lot about abstraction. So, ALGO, I like to see it winning cuz that means maybe that concept is starting to catch a little bit of steam here. Magma, which is on the Sui ecosystem, Magma Finance, right? And it's down 16% today. Doesn't look like anything amazing on a Monday across the markets. Markets are very concerned with what's going on in Iran, stuff like that. Um I don't know. I like how we pretend that that has anything to do with Bitcoin. It does, it doesn't, it does, it doesn't. How do you feel about that? Does that have anything to do with Bitcoin? Look at those custom emojis, which you could only get by being a member. Walrus, uh one of

the top projects in the sweet ecosystem here. It's up 7% today. It's really not anything amazing. Let's do our price rundown, see where [music] we're at for cryptocurrency today. 2.28 trillion overall market cap, only up 0.1%. Bitcoin is at 64,000, pretty much flat looking. I did see that it hit 65,000. I'm pretty sure that was today and not yesterday. Pretty sure it was today it hit 65,000. We have Ethereum, $1,726. BNB, $590. [music] XRP, $1.13. A lot of these things still very much down on the last 7 days, even if they're kind of holding steady right this moment. Solana, $71.74. Melissa says Zig. Question mark. Is that a project? Is that a ticker, Melissa? Hyper Liquid, $66. Dogecoin still sitting at about 8 cents. Zcash, $441, down almost 15%. XLM, 20 cents. A lot of red on the 7

days, [music] guys. Cardano, a high 15 cents. XMR, $325. Canton Network, 15 cents. Lab, >> [music] >> actually up 76%. Lab being [music] kind of the clear winner right now of something that's pumping while the rest of the market moves down. $16, almost $17. Gram, which I guess is what we're calling toncoin for now on a dollar 68 meme core $2.94 barely up here but nice to see a little bit of green little bit of reprieve sweet 72 cents still on sale under a dollar if you ask me Avalanche $6.25 Avalanche I don't know I don't know how I I don't know how Avax is really going to do much didn't Avax have something [music] to do with the uh you know the big soccer tournaments that they were having the World Cup final and all that stuff Avalanche

has something to do with their ticketing and stuff if I remember correctly and it still isn't really gotten anything as far as uh positive price action here so I think that's a little concerning not something I follow very much like the World Cup and stuff so I don't know if it was just an option to do tickets or I feel like I read they did tickets exclusively on Avalanche which I don't know if I believe that 88 by market cap flare we'll see if we see blues guy today if he makes an appearance let's go take a look at the highlights it was in the crypto bubbles bottom left corner never heard of it that's all all right let's go check it out oh Zig here we are Zig chain and I like if you come over here on

the crypto bubbles you come down to links at the bottom and you can grab your links for whatever you want right we can hit a link and go straight to trading view we can hit a link and go straight to coin Gecko which is what I'm going to do so Zignaly has rebranded to Zig chain Zignaly sounds familiar I feel like I've gone over that before 2 billion max supply 1.4 billion circulating supply 70.3 million in market cap if you don't know your tokenomics I think that is a good thing to know got Ethereum blockchain Zig chain so of course with a name like Zig chain you'd think that they have their own chain, and they do. Uh injected Polygon, BNB, Solana. It has AI as a category, smart contract, layer one. The AI could move it somewhere, right?

Let's take a look at their website. Wealth generation infrastructure, powering the next era of decentralized asset management. Asset management through ZigChain, enabling fund managers fund managers to deploy on-chain strategies that unlock investment opportunities for everyone. Who's everyone who's probably a institution and not retail? My apologies, I needed that water. It's brutally hot in this studio. I don't know why. It has been so hot in the studio the last couple weeks. And the max chart says this coin goes all the way back to 2021 April 14th. It looks like a rebrand if you ask me. All right, we're all caught up on the chat. Let's take a look at what's trending over here on CoinGecko. We have Synapse. We have this Arkham. Solana, you should know. Pudgy Penguins Backpack is a like layer three wallet popular with uh Hashgraph HBAR.

Hyperliquid, Bitcoin, Ethereum, this Takio. So, we'll be looking at When we're going through these, of course, we're looking at what's trending, but we're also looking for coins like Takio, where you might have no idea what it is. We're just going to touch on it, make sure it's on your radar. Siren, which has been highly volatile, up and down and down and up. Aerodrome, Cardano, Terra Luna Classic, Synthetix, and Manifold. So, let's start with Synapse. Ticker SYN, 57.8 million in its market cap. Max chart says this project token generated, don't be confused about what a token generation event is, uh 20 August 29th, 2021. Stryker heart says, "Download more AC." Solid. If only I could do that. Okay, thank you for checking it out. Absolutely. Anything for my wonderful mods here on the channel. 250 million max supply, which is

pretty good. Only 219. Better than some tokenomics. Highly interoperable. It works with a lot of different chains here, including base. It's in the Olympus Pro ecosystem. Bridge governance token. It has an intent tag. I like that. Synapse protocol, secure cross-chain communication. Synapse is a most widely used ex- extendable extensible secure cross-chain communication network. Okay. Powering the most popular bridge, it says. And they got a plug-in right here where you could bridge. Deep liquidity, wide support, developer friendly, battle-tested infrastructure. Uh widely integrated with all of these different chains here. Which is pretty good. Anything from Moon River to Doge Chain, Boba Chain, Blast, Optimism, Arbitrum, Avalanche, Base, BNB. Looks pretty good. Lena is in there. So, it is a cross-chain communicator, right? Which is very much kind of what a bridge would be. Hold on. Wait. One thing I do

like to do is come down here to the bottom and take a look at where you can buy certain coins. Binance, MEXC, KuCoin, Kraken. And of course, if you don't know, you can come over here and toggle like only centralized exchanges. And you could toggle only decentralized exchanges. I do prefer to buy a lot of things in a decentralized exchange. I was like, why is Uphold there? It's cuz it's a sponsor. It's a paid paid advertisement. Now you have Arkham. Now you may have heard of Arkham. You may have never heard of Arkham. It's all the way back to June 22nd, 2026. So, that's literally today. I swear I've heard of Arkham though. Maybe they didn't have a token before. Maybe that's what it is. It's 61.9, call it 62 million in its market cap, a billion tokens circulating

supply, 208.8 million in its circulating supply. So, that would be 208 out of 1 billion. We have a Solana contract, the BNB smart contract. Let me make sure I'm keeping up with the chat here. Shout out to all my undergrounders. Please smash that like button and don't forget that we have a goal of five super chats. Any super chat counts, no matter how low the number. And again, how's everybody feeling on a Monday? You guys ready to stay up to date with what's going on in crypto? And of course, I got to say it. When it comes to cryptocurrency, when you hit that bear market, everybody's afraid. People are telling you it's a scam. That's where all the opportunities live. That's That's where the big, you know, percentage gains from now even into the much lower bear market. Say

we do go to 55, 50, 45, 40. And then we find a bottom. From that moment to the top of the bear market, that's where the big money's made. From a little bit of money. If you wait until things heat up, you already took four, five X's off the table easily. So, keep that in mind. Never financial advice. So, it's cybersecurity this Arkham, which sounds about right. Isn't Arkham like something like a name from like Batman or something like that? Got privacy in it. Not real big on on some of that lore. The confidential supercomputer, trustless, scalable, confidential execution for AI blockchain and beyond. You can see how, you know, this fits in all the narrative of AI and all of that jazz. Computation on data, compute on data in a fully confidential state with Arkham computation execution confidentiality.

[music] So, your data is never exposed, but what are they using to do that? Leverages secure multi-party computation or MPC running along with decentralized network. But, they're not using zero-knowledge or anything like that. They have DeFi and payments. They have this Blackthorn. What is that? A breakthrough in AI, years in the making, is almost here. It doesn't compete with what is being built, it completes it. Arkham Blackthorn will catalyze AI into a realm that nothing else can reach [music] yet. Stay tuned. Okay, very vague. That is super vague. I don't know how I feel about that. The cloud has to see your data, Arkham doesn't. So, it's really AI just selling you on, you know, they're going to do something amazing that moves the AI ball forward and they have privacy. That's kind of what they're saying, [music] but

I'm not seeing anything like zero-knowledge or fully homomorphic encryption or anything like that. So, they have their own kind of take on it. Let's move to decentralized exchange only, PancakeSwap, Uniswap, Meteora, decentralized exchange on [music] Solana, Radium also Solana. Let's move to centralized exchanges, Bitget, MEXC, KuCoin, the ones you would expect, Coinbase. Kraken, you would expect all of You would expect all of those, I'm sure. And we got this Tokkyo, which I remember talking about when this thing first came out. Tokkyo's chain state verification mechanism has been compromised. Well, that's no good. Might as well go over to the max chart here. Looks like somebody tried to do something and it didn't work. And they got exploited. And they just I don't know. They're not even going to fix it. Tokkyo has its own chain here, but I don't

think it's worth talking about. Maybe that's why it's trending cuz sometimes it trends for all the wrong reasons, right? Sometimes it trends because it's [music] highly negative price and negative news. Let's go ahead and see what that fear and greed index is like [music] today. Seeing if there were any of these that we really wanted to take a look at. Kind of want to take a look over on TradingView on Monad. Let's go to TradingView. Oops, let me fully port us over there. And let's take a look at Monad. Grab any of these ones up here. Yeah, Coinbase spot. It's good enough for me. Delete all the previous work cuz that would have been quite some time ago. Let's run to the daily here. >> I mean really big time frame stuff on the daily. Kind of maybe double

bottomish. Seems a little bit abstract though if you ask me. You're just now getting This coin's relatively new obviously. Like you're just now getting a 200-day moving average on the daily. Pop down to the 8-hour. Stochastics kind of of like they're not toppy yet but they look like they want to roll over a little bit here which is not good cuz you didn't get much of a pump there at all. Let's go to 4-hour. It seems like every week or so someone finds a way to exploit crypto. Yeah, it's code. We have all this AI running. We have more sophistication to poke holes and exploits than we ever did before. It has its drawbacks of course. It's scary. If you hold a coin and it gets exploited, it sucks. Um but overall the entire market is strengthened, right? Because

anything that passes that test is is a much more solid project, right? That's [music] kind of the takeaway in my opinion. Know all there is to say about Monad right this second on the 4-hour here. It's hard to build strong code. Yeah, I mean I think we're pretty much at the point [music] or we're going to be at the point where like the AI and things are going to have to write the code and then try to exploit it in a like a testnet setting and stuff like that before we can even implement it, right? Like it needs to already be stress tested by AI before you even put it out. Like when it's in a testnet and it doesn't matter, right? When all the when all the coins are test tokens and not real tokens, right? Not user

funds. I got my honey green tea. Hopefully that's going to keep me from losing my voice. Now, let's do the you may not know section, right? You may not know this, but a crypto wallet does not technically store your crypto. It stores the private keys that let you access and authorize transactions for crypto assets on the blockchain. The SEC's investor.gov explains that if you lose your private keys, you can permanently lose, of course, access to your crypto wallet. That's, you know, that's controlled by those keys. I think we all kind of know that here. That is why trust in crypto is very different. With the bank, the institution may be able to reset a password, reverse a certain error, or help with recovery access. They can maybe even give you your funds back if you get scammed or something

like that. But with self-custody crypto, control can be powerful, but mistakes can also be permanent, and that is the trade-off of self-sovereignty, self-governing, decentralization. Those all go hand in hand. I don't realize I don't know how much people understand that like decentralization is very much the same thing as all of your self-governing, take control of your own life type stuff, because it does require you to know what you're doing. The trade-off is you have control over your life and your finances, and you can self-bank and all that stuff, but it comes with responsibility, and that's where people really, really are like, you know, I don't know if I really care about privacy, you know? They go, I don't really know if I really care about self-governing myself, because you know, it's scary, and if I make a mistake, I

could cost myself a lot of money. Crypto gives users that direct control, but with that control comes the responsibility that I was talking about. And uh I don't really know what to say with Manata. I thought there'd be something a little more interesting to look at here. Like Moses says, it's still cooking. And it'll explode one day, she says. Hey, I certainly hope so. I can't remember if I bought some. I think I have some Manata, but I I don't [music] actually remember, to be honest with you. It's like a cup and handle almost almost, but it's very much under the 200 here on the 1-hour. Lost it on the 15. Yeah. So, we're really looking now to regain that 200. It looks like it's trying to do it here on the 1-minute, but I don't know. It's a

good time of week for it. We're rolling into Tuesday. We're not there yet, obviously. It's Monday night here for anybody who doesn't know, at least here in America it is. Maybe it's Tuesday evening somewhere else in the world. That I do not really know. And we shall move on with the show. Let's look at Crypto Rank. Let's look at that Fear and Greed Index. It is at 23 today. And this is where we've been hanging out. I I remember because it's kind of like we're almost right on the line. It would be 25, right? Between [music] fear and extreme greed. Yesterday it was actually 20, so it's popped up a little bit more today. Let's go look at those trending coins over on Crypto Rank. All right. So, here we are at our network. Some days this age is

here where it shows me the age, and other days it's not there. Very interesting. So, here's Arkham. It says in parentheses elusive. Is it a rebrand? I don't have any notes here. It is Coinbase Ventures. Anatoly is an angel investor. If you know, you know. Showing out about $0.29. Again, we did look at it earlier. Arkham is a parallelized confidential computation network that offers developers and applications a trustless verifiable and efficient framework, they say. 61.9 million, been as high as 93 million. See if there's any real good information here we haven't already looked at. We already did look at Arkham. So, we'll go ahead and move on here. The Atlan network, I will touch on that. Now, Arkham, that token, not the project, the token, a token generation event, the event when the token [music] is now generated and

now exists. I don't know how any more clear I can make that. That is different. A token generation event is when the token exists. It's very different from when the project first made their first tweet, their founder came up with the name and wrote it down on a piece of paper, typed it in Twitter. Okay, that that's [music] those are two different things. I digress. I don't know where I was going with that. Atlan network is a modular multi-layer blockchain network modernizing the sport industry. That's right. Atlan network. That refresher was just as much for me as it was for you. Been around 0.8 of a year and it's about the sport network. I see it trending quite a bit. I don't really know that it's really catching that much steam, but hey, it's trending. Then we got FOMO,

which I'd be very interested. FOMO is an on-chain trading platform. Very much over all these on-chain on-chain trading platforms. I don't know why we'd need multiple ones. I don't know why we need so many. Of course, I do believe we need multiple of everything, but it's just how many multiple do you need? FOMO has raised $94 million though. And of course, Coinbase Ventures is one of those people. And then look, now they're being weird. If I try to click on who's uh you know, the drop down and it says it's only for premium. But we've been looking at it. Maybe because they're not out yet. So no token yet. FOMO is going to be another decentralized exchange. ant.fun I don't know. That makes me think of like the ant mining rigs. ant.fun is a mobile trading terminal and wallet

that integrates decentralized exchange aggregation, perpetuals, trading, and social discovery tools. You very much are seeing like the idea of taking a decentralized exchange, an app, a wallet, you know, a wallet, and make it an app with a decentralized exchange, put a launchpad in it, all of these things. Really, the big point to me is that they're going to make money off of the trading fees. I think that's why everybody wants to have their exchange. Um I don't really know how many I guess it See, the thing is like if we onboard a ton more people into crypto, then yeah, there's room for all this stuff. But if they do a terrible job at bringing more people into crypto, the invisible upgrade that we talked about, all of these different things with chain abstraction, wallet abstraction. If those things don't

become the major focus, and you don't bring, I don't know, another 100 million people into crypto or more in this next cycle, I don't know how all these things are going to really survive and make much of anything. It's just going to be like, you know, what happened with all the meme coins. The liquidity is just going to get spread so thin that like everybody's going to make a tiny bit of money instead of some people making a lot of money. And I'm talking very specifically about decentralized exchanges. Then we have Synapse, which we already went over. Unibase, which in the name, I think, implies that it's on base network, right? We'll verify that. BNB Ethereum ecosystem. Actually don't mention [music] base, but I am more than certain that it is on base. And it says that it's a

memory layer for AI agents. So, that's that's a good narrative that provides storage, knowledge sharing, and cross-platform interactions. 261 million, been as high as 605. We've gone over that before. Here's one that I'm really interested to see here is the Swarm Network. Swarm Network is dedicated to building multi-agent collaboration framework. The whole idea here with a swarm, we think of AI agentic networks, AI agents, right? [music] And then you think putting an AI agent to work. Well, if you have an AI agent, you're putting it to work and it's doing multiple functions or trying to solve a problem from multiple angles, it would then very quickly begin to make more sense if you had multiple AI agents trying to solve a problem from multiple different, you know, ideas on how to fix it, right? They're all doing something a

little bit different, and then they come together and really make a swarm. And that's the idea of a swarm when it comes to AI. AI agents, all of that stuff, right? It's a multi-agent. So, think many, many, many agents working on one person's behalf or working on one problem. Market cap 37 million, been as high as 104. Let's change it to the weekly. Let's see how long they've been around. Looks like September 29th, 2025. I do remember when this coin came out. Yeah, that FOMO website, you can follow individuals and see what they buy and trade. I believe. Okay, let's go run back to the website. Where traders become legends, yeah. Trade from anywhere, never lose a beat. So, I mean, it just with every good thing, it just becomes more con- convoluted. So, it could be great to

follow people. They have a really bad call, you lose your money. They have a good call, you make some. Uh they can be manipulated, you know, kind of like a boxer who goes down in the fourth round because they got paid to go down, you know? Get somebody who's really big and the market maker says, "Hey, you know, I'll cover your position, but just like go down." Little bit off into conspiracy land there a little bit, but, you know, is it possible? Or somebody could just have a really bad day. Legitimately bad day, and you could get washed. So, I don't know how much I really love the idea of copy trading, right? 2 million self-custod- self-custodial digital dollar platform enabling global users to securely hold, earn, and spend USDC without intermediaries. If you're having trouble with that, you

got this Cortex protocol, which is also very new. Cortex protocol is an AI agent for natural language blockchain apps, enabling swaps and yield via chat. So, it's like built into like some kind of chatbot. That's what it sounds like. Or you can integrate it into all kinds of different chats and be able to swap. They have, looks like, some kind of AI chat here, deep search. Your unified wallet. Uh the newest product is called Hypercall. Perpetual trading, ask Cortex anything. So, they have like an AI agent you can trade perps, it looks like. It looks like it's I won't speak too soon. Looks like maybe they're using the hyperliquid ecosystem there. Cuz you have hype, hype staked, [music] per, HBAR, like these are all hyper ecosystem coins here. Seems a little limited, honestly. Let's back it up here. Baby

Doge, I know you're all dying to know what Baby Doge is. No, I'm just kidding. [music] Momentum, I remember this came out. Momentum, we were talking about the other day. Is a Sui-based CLMM protocol for capital-efficient liquidity provisioning. This has to do with liquidity, but it is kind of starting to get a little bit of pump. I mean, it's been around for quite some time here. The 4th of November, 2025. But, you can see as you zoom in, these are daily candles here. It is starting to really rip. Those are going to target these highs up here at about 26 cents. So, uh Momentum, think Sui ecosystem. Golem, Golem's an old one, 5.6 years ago. So funny, sometimes they're worth clicking on when they're super old because I almost feel like uh most people who come in later have

no idea what they are. Golem is a global open-source, decentralized supercomputer which can access by anybody. I don't know how true that is or [music] how good the tech is. It is older when it comes to, you know, kind of like advanced tech [music] on a very older project, I really have to do my research cuz I don't know if they've really kept up. I don't know if they're top-notch >> [music] >> or if they're just running off of some hype and some things they talked about a long time ago, like 2023. We'll have some tinfoil There you go. Strog a heart, I'm with you on that. I like to know what everybody's saying in any category, whether I fully am bought in. Actually, like to never fully buy into anything. Oh, especially in crypto. But, I do love

to hear what everybody is saying. He says I Strog a heart says I like bonk. Uh bonk is one of those ones that's there. I have no issue with it. Um I see what they're trying to do. I don't know I it just depends, I guess, on what you want to buy. I don't know if I think it's the most amazing coin, but at this point in the market, what is the most amazing coin? Lab. You know what I mean? Something that's pumping, right? [music] And then, do we separate price action from tech? Can we keep conviction? Can we keep believing in a project even if the if the, you know, chart is down month over month after month in a in a bear market, which you would expect, but those emotions get run in, and it's hard to

really believe in something, right? So. It's kind of like how Melissa was just saying about Manifold. Like, Manifold's down and things like that, but one day it's going to pump. She has conviction with Manifold, which is good. It's good to see people having some conviction >> [music] >> because they maybe have they've taken the time to know what they're holding, right? Look at this. Nala. Raised $100 million. Is a global multi-currency account for fast cross-border transfers, currency holding, and conversion. Seems very infrastructure. No token yet. See they say anything. It's core product enables users to receive, hold, convert, and spend money across 35 [music] plus crunch countries, not crunchries. What happened there? Fail. >> [music] >> 35 countries with a strong focus on the UK, EU, US, and Africa corridors. >> [music] >> So, I don't know, banking the

unbanked, is that what that's about? They want a piece of those cross-border payments, which you got to think for the longest time, you know, the old Swift system players have pretty much owned that cross-border payment uh category, and they made a lot of money. It cost you like $20 to send five bucks, or sorry, 500 bucks. Cost you like 20 or more dollars, Western Union. And uh that's a lot of money when you can send it [music] on, you know, Tron is a good one that's free. I want to stop always [music] just saying XRP, but of course XRP is usually free. XLM is pretty fast. Even Dogecoin's pretty fast. >> [music] >> Um or low fee. Like, there's just a lot of options. You can send the money for like nothing. It's digital. There's no physical, you don't

have to go like, if you don't know, you know, if you're Western Unioning somebody money, like you have to go somewhere usually and actually send, give them physical cash or something and send it. I haven't Western Unioned somebody in a very long time. So, let's get into our series of the week here. And we always start with the problem, right? Because any good tech, any good company, any good business, especially if you're somebody speculating on these things, techs, business, stuff like that, you first got to know what the problem is that they're trying [music] to solve. And it's a really good way to simplify it. What is the problem they're trying to solve? And how much do you believe that they have the answer to solving this problem that the market is going to adopt? Keep that in mind.

So, here's the problem. Crypto has one of the strongest slogans in finance, right? Don't trust, verify. Sounds simple, sounds powerful. And in many ways, of course, it is. Blockchain technology has a lot of amazing things to it. But, that doesn't mean people are educating themselves and actually verifying anything. Most of them are still just trusting, >> [music] >> even if some of the tech is good. And this is why we have exploits and rug pulls and problems, right? Crypto was built because people wanted money and ownership systems that did not depend completely on banks, governments, middlemen, and centralized gatekeepers. The keyword here being centralized. And the whole idea is that you could verify things yourself. You could verify the supply, the transaction, verify what happened on chain because everything was transparent. Uh you could hold your own assets, but

here is where we start getting very interesting. Most people don't actually interact with crypto at the deepest technical layers, do they? They use an app, they use a wallet, they use exchanges, they click buttons, they follow influencers, join communities, they buy tokens, they trust uh interfaces, right? Which we talked a lot about the invisible upgrade and how UX and and abstraction can really help us here. They trust teams, they trust all kinds of people instead of actually doing their own IQ-raising uh research, right? They trust what they see, right, is [music] real. And this has hurt a lot of people. So, even in crypto, trust does not disappear. It often just moves somewhere else. >> [music] >> And the shift that we need to understand this week is crypto is not about pretending there is no trust anywhere because

that would be a little bit naive. Crypto is about learning where the trust exists and how much of it you can actually verify. How many [music] coins on an exchange are you trusting that exchange to hold? It's a good question. You might want to take [music] some marks on your portfolio and see where all your coins are. If you use a wallet app, are you trusting that wallet software? Cuz even that can be a problem. If you bridge an [music] asset, you're very much trusting the bridge. Remember, bridges are the number one exploit in crypto as far as money lost year-over-year. If you buy a stable coin, you're very much trusting the issuer and the reserves. And one thing to be said here about all this trust before you get too off the weed like you can't trust anybody.

Every day you wake up, no matter where you are in the world, you probably have a bank account and some money in that country. You're very much trusting that that stuff is worth anything. And if you study a little bit of history, you'll see it's all good until it's not. Hyperinflation, you know, all kinds of different problems that you can have. Money just going dead. If you use a DeFi protocol, you're trusting the code, the admin keys, the oracle, and the economic design [music] of that DeFi protocol. If you buy a token because someone on social media said it was an ex-big thing, you are trusting that person's judgment. [music] And uh here's the real keyword, motives. Because it might not be their judgment that led them to go talk about it on social media. It might be paid

in the background as an influencer. And that is why trust no one by itself is not enough. The better question is, what exactly are you trusting? Here's the payoff, right? That question [music] changes the way you look at crypto, which is a good thing cuz now you've raised your crypto IQ. Instead of asking, can this pump? You start asking, who controls it? Think of those V2 bubble maps, right? It's like the bubble maps we start off with, but it's a little bit more entwined [music] with how many wallets hold how much percentage of the total coin. Those things can be very helpful. You have different websites where you can plug in a contract and get some kind of score. Those are helpful. I certainly wouldn't [music] make my decisions on if I'm buying something based off of that because

they can be gamed. Not so much exploited like they're in on it, but they can just, you know, a certain rug pull could really know what everybody's using for the most part, know what the metrics are that those rug pull checkers are looking for, and then fudge the numbers to try to get a better score than really they deserve. And then you start saying, can it break? >> [music] >> What is verifiable about it? What is hidden about it? What happens if the company fails? Like here's a good example, those Collector that is the ticker or yeah, I think the the the project's name is Collectible, ticker is Collector. Anyways, it's about cards, comic books, just small collectible items and stuff. You send it in, they hold the item, and then they give you a digital NFT [music] representation

of it. You can buy and sell it and trade it all over their marketplaces and stuff. But here's the question, if that company goes bankrupt, who owns all the stuff in the warehouse? I bet I bet it's the company and not the people who hold these NFTs that are supposed to be digital representations of it. And what happens if a contract gets exploited? Issuers freeze funds. What happens if a bridge gets hacked, and we've seen this many times. That's how you start raising your crypto IQ right here. Not to become paranoid, that is not the point of this series, is not to become paranoid, [music] but to become more precise in your thinking. Crypto is full of opportunities, for sure. But like any emerging sector or emerging place, think about the wild wild west here in America. If you

live in America, then you've heard plenty of the stories back in the day, the gold rushes in [music] California in the 1800s, stuff like that. Land of opportunity, but there were like, you know, people having their wagons on their way to go to the gold rush, right? Getting bandits taking them, you know, there's all kinds of problems in the wild wild west. And now we're in the wild west of cryptocurrency, the digital wild west, I would say. But it's also full of trust assumptions, and this week is about learning to see those assumptions early. And tonight we start with the foundation, who can you trust in [music] crypto? And we're really just introducing the segment of the night here. We made it pretty quickly actually through a lot of our opening act here. Opening act, I like that. And

I also don't like it. So, let's take a look at our top gainers, top losers. Let's refresh this cuz I don't I don't know if I trust that. Yeah, it was saying it's Sandbox. There's no way. DXE is our top clear top winner today. Uh 59% to the upside. Build on, which is in the World Liberty Finance ecosystem. So, when you see that, you know, maybe [music] there's something going on there. Celestia TIA, wow, it is crushed. I bought TIA at like like $2.50. I sold it I don't know, at like $9 or something like that. And it's crazy to see it at 38 cents, but I'm really glad I got out of that coin. Loser, Humanity, Sky AI. Origin Trail. And a lot of these are so small after that, you know, 6%, 5%. That's just like normal

fluctuation in crypto. Humanity is really the story if you ask me. That is the big loser of the day. Let's see what we got going on for some news here. Give me today's news for the realm of cryptocurrency. Give that a minute to cook for a second. All right. [music] So, what do I want to tell you guys? I want to tell you guys trustless does not mean no trust anywhere. Again, >> [music] >> I really am not trying to freak people out, and them paranoid. Uh You can't always just assume that everybody's got a really strong I don't know, compass. Sometimes people can get a little freaked out. Hopefully nobody gets freaked out. But we do want to think about the ins and outs and find the flaws in our thinking that could keep us from losing our

money and become better speculators in this market. Never financial advice. Smash that like button for me, would you? Trustless does not mean no trust anywhere. When people say crypto is trustless, what they really mean is the system can reduce the need for trust of a centralized middleman for certain things, right? For example, Bitcoin, the original ethos and idea, does not require the user to trust a bank to confirm every transaction or hold their money. The network verifies transactions through rules, >> [music] >> miners, nodes, and consensus. It has a whole decentralized protocol to keep itself running, trustworthy, uh and believing that everything on there is legitimate. But that does not mean the user never trust anything, right? I don't know if you could have a system where you're not trusting something. [music] Most users still trust wallet software, exchanges,

apps, phrase storage, internet devices, project teams, information sources. Take away here is crypto, of course, doesn't eliminate every form of trust. It changes where that trust lives. So we're hoping that in crypto really we have a better sense of what we're trusting versus people. And that's another big part of it, too, is like would you rather trust real people with >> [music] >> motives and greed and uh fleshy ambitions, or would you rather trust code that's supposed to just execute time after time after time again? Trust moves from institutions to keys, codes, and interfaces. Traditional finance trust usually sits in institutions, banks, brokers, payment processors, custodians, regulators. In crypto, some of that trust moves to new places like private keys, wallet apps, smart contracts, exchanges, bridges, validators is a big one. Uh this is a real crypto IQ raising

topic right here, validators. Stablecoin issuers, front-end website and protocol teams. And the reason why I say that is because validators choose what transactions get grouped into what blocks in the blockchain, the chain of blocks. That's what a blockchain is, a public ledger or just a ledger if you will cuz some privacy tokens are not public. And the validators are deciding which transactions go in which block. So, they can move your ahead, they can put it right where it's supposed to go, or they can push it back. And depending on where they put it, they can extract value out of it. That's what MEV or maximum extractable value is. Not going to go into all the ins and outs of it because that's not what we're talking about right this second, but trust is definitely a big one there. The

danger is that people sometimes think they are using decentralized, but they are still relying on centralized parts of the experience. The real question is [music] not, you know, is this crypto? The real question is, who am I trusting? >> [music] >> And we got a breakdown here, crypto actions, and what you might be trusting. So, if you're holding on an exchange, kind of obvious, you're trusting that exchange for custody, solvency, which we've seen, think FTX, Voyager, and security. If you're using a wallet app, you got software and device security, seed storage. Those are things you have to think about. You're buying a stablecoin. Well, who is the issuer? Reserves, redemption, regulation. And right now with the Clarity Act being all about stablecoins, in my humble opinion, the Clarity Act can be simplified to who gets the right to issue

stable coins and make money off of the transaction fees. That's That's really what it's all about. And they're going to control who has the right to issue stable coins cuz without the Clarity Act, kind of anybody does. And that's a problem for the people who it's a problem for, right? The names that shall not be named. Bridging assets, you're obviously relying on bridging contracts, validators, relayers, security models, which has not been historically very good. Using DeFi smart contract codes, oracles, admin keys, and liquidities. Of course, following a call online, I think you can figure that one out by yourself. See what we got pulled up for the news. Bit of a rundown here. That SYN coin is doing well on the monthly and weekly. Says Bailey to hide. Who's Bailey? All right. So, Bitcoin bounced, but derivative trades do

not fully trust it, right? All the stuff going on with the US-Iran deal. They're They're together, they agree, they disagree, they're at the table, walk away from the table, flip the table over, light the table on fire. Like, who knows what's going on with the negotiations. I don't even know what the point of the negotiations are, if you ask me, because, you know, if you have a terrorist organization, can you really trust them to to be binding and and and actually agree to contracts? I don't know. I don't know how that works. I don't know how you would trust them. Bitcoin is a range-bound. Sellers are tried, and buyers have not returned. So, that's that's kind of where we're sitting. We're in a bear market. Kind of expect that. Bitcoin ETFs saw six straight weeks of outflow. Six straight

weeks of outflow. I don't know if that's necessarily true here. Cuz we've looked at it and although it hasn't been amazing, there have been days of inflow. [music] And of course, six weeks of straight outflows means six weeks where you had no inflows and I think we can prove that that's actually not not true. Oh, wait. This is network revenue. We need to go to walk chain. ETFs. There will be a members-only stream and I tell you I really looking forward to that members-only stream this week or today. I don't know why I said this week. The daily is too high. Sorry. Okay. I I had a feeling that's what you meant. No worries. We all make mistakes. Hey, at least you get to make typos. I get to just mess things up [music] uh live on YouTube all

the time. To the point where hey, I'm pretty numb to it. So, if you uh want perfect [music] people, I tell you you're going to be very disappointed in life. Let's see. This is the 19th. I guess it makes sense cuz you [music] don't have the weekend and then today is Monday, but you're not going to have today. [music] But look, right here. You had a total inflow on the 19th of June, right? You had 5 million inflow. Where if you come over here, you'll see a negative next to it. So, on the 18th, you had here and you could just go BTC cuz they were they were just talking about BTC, [music] right? Oh, wait. I excluded it. I want only BTC. So, here was a day it was positive inflow. That was negative. Here's a day it

was positive 22 million. Uh here's negative. Here's a day it was positive 83 million, the 15th. Here's the day it was -8. So, you get my point here. I did all that to say six straight weeks of outflows. Maybe if you average all the weeks, but not every day was it negative. Strategy. Everybody talking about Bitcoin strategy. Bought more Bitcoin, but its treasury structure is still under pressure. Uh what's really the story here? Saylor buys Bitcoin. The market is watching how strategy funds, you know, those moves through its MSTR shares and preferred stocks while Bitcoin stays low on average. I mean, uh I think we have at least until like October, maybe even December before not until we take off and we have this amazing bull run, but that will be probably somewhere around where the bottom is if

we talk historically four-year cycle, stuff like that. And I'm very much in the camp of leaning towards the four-year cycle is not completely uh thrown out the window. We're just seeing a little bit of a change because of the big players that we have in the market. And ETFs started the bull run a little early. And we just had some really weird things. And I think the biggest one of all that nobody seems to mention is that you had a bull run in a quantitative tightening ecosystem doesn't seem [music] like the right word. In a quantitative tightening environment, where every bull market prior to my understanding was in a quantitative easing. What's the difference? Quantitative easing, they are injecting money into the environment, the financial environments, [music] the stock market, all of these different things. Quantitative tightening [music] is

very much kind of the opposite. And they're doing it to try to deal with things like inflation in the economy and stuff like that. But I In my opinion, it was really the first time that we saw a bull market [music] in a quantitative tightening environment and I think it was kind of kind of damaging. I think it was kind of catastrophic for price action [music] because for the big players out there, money was not [music] cheap. Right? They could not cheaply get access [music] to money. And you'd be surprised. People with a lot of money do not usually spend their own money. They usually go get money somewhere else. Digital credit sell-off is often being framed as liquidations, not credit failure. Strategy-linked and Strive-linked [music] digital credit products sold off hard last week, fell as low as $82

here before rebounding and SATA dropped into the low 90s. Still recovering. This matters because digital credit is becoming a new crypto-adjacent asset class. The first real uh stress test showed that liquidity exits, but leverage can still create violent moves. US Senate passed [music] a bill with a four-year CBDC ban. Uh I think all of your you know, conspiracy theories are going to be or theorists are going to be very happy about this, right? [music] It's a big win for private stablecoins. Bank of England softened its stablecoin rules. Yeah, England went really hard against very specifically USDT. I mean, they [music] had like a short period of time to pretty much shut down all financial transactions and interactions in in like most of Europe. Which to me is a really bad move, but I I'm just going to go ahead

and say it for anybody who doesn't know or understand. I think uh yeah, I think Europe's cooked. Specifically England and Britain and Germany. Not so much Poland. Poland's actually probably going to survive pretty decently, but they're very much in the middle of all those people who are cooked. Uh Uh, I think that they're cooked, man. I I'd be surprised if 20 years from now the UK is even relevant on a global stage at all. Anchorage launched tokenized deposit infrastructure for banks. It's pretty cool. Anchorage Digital is rolling out a platform to help banks issue tokenized deposits. The idea lets banks offer 24/7 blockchain-based payments and settlements. It really is amazing. Um, how much [music] the old traditional finance and uh TradFi world has so much to do with money and money being moved, banks, and all this collateral, loans,

and interest, [music] and yada yada yada yada, and they don't know anything about what's coming. Now, the big players do. The owners of the banks do. You know, like your president of the bank probably has read up on it and has some idea, but just across the majority, most of them don't really seem like they have any idea, and so they need somebody like Anchorage to come in and really help them. It's kind of like that. And the whole time they're like patting themselves on the back. I don't know if you've ever been [music] around like an actual financial advisor. Gross. That's what I have to say about that. Um, I've been in network groups and and stuff like that where it's just like these people are they they they really think that they they are money. They know

money better than you will ever know money, and the truth is it's all a bunch of old system stuff that's highly irrelevant, and they're acting like it's cutting edge because they went to school for it and they have a degree. Not trying to harp on them. They were, you know, they were some of them were good people, but like the way that they came across was like you can't have an opinion about [music] finances. Um, only they can cuz they have the degree. Okay. Certainly not trying to give anybody any pointers on it cuz I'm not a financial advisor, but I can have my own opinions, and they can still be good. Tokenized real-world assets crossed 51 billion. Tokenized assets, 51 billion. Are we paying attention? Up 40% year-to-date. Tokenized equities are becoming a major Wall Street battleground. The

Block reports that tokenized equities have grown 130% year-to-date from around 700 million to 1.6. The big debate is whether tokenized stocks are [music] just tradeable wrappers backed by shares held elsewhere or whether blockchains become the actual settlement layer for company issued shares with full ownership rights. Well, I will say that that was one of the big things that Coinbase was touting. That I thought was really cool and I thought that they did a good job on if everything they're saying is is true and works the way that it it's supposed to work. I don't know. I I guess I mentioned Coinbase yes or Saturday night in Saturday night stream. And then I got like this bot attack against Coinbase. It's like a Coinbase bot attack where just like a bunch of random accounts that are clearly bots. You could

tell in their in their usernames. They're not even clever. Um and they all just had something crappy to say about Coinbase. And I'm not here to defend Coinbase. Like I don't know everything about Coinbase. And every little issue they've ever had or anything like that. But it was just very weird. And what's up with the court like Coinbase comes out, does this big presentation, has a lot of really interesting stuff that they're integrating and rolling out through their platform. Very, I don't know, evolutionary to finance and DeFi and all kinds of stuff. Especially to have in a publicly traded company, right? Really bringing it to the forefront. And then you have like somebody going around doing all these bot attacks trying to like fud Coinbase. It's pretty funny. It's kind of laughable. [music] But the reason why I said

this is because they claim that they've really fixed tokenized uh stocks and stuff to where, and I mentioned this the other day, to wear when you buy a stock, like you'll still get the dividend for the stock because you legitimately own it, which is very different than like some of these other tokenized stocks where it's just a wrapper, right? It's just a wrapper. Or almost like a wrapped asset, right? Where you own a you own some kind of exposure to a stock, but you're not [music] 100% like full ownership, like you have it for real in your portfolio because at that point you would have to get dividends and stuff like that because they'd be owed to you. What happens when everybody buys a tokenized version >> [music] >> and then whoever they're buying it through, they hold the

real stocks and they collect all the dividends and you just have exposure on a one-to-one basis to the stock. If you understand what I'm saying about it, appreciate it. Melissa, right on time here. With that, don't forget to slap the kick. Slap and kick the button. The like button here for crypto knowledge, and she threw that Coinbase link up there. Uh definitely check out Coinbase. I think Coinbase is like 4% to 5% [music] back in Bitcoin uh card. Like I think it's like a Coinbase One card. It's really cool. I went ahead and applied for it. I I definitely will mess with that. Scrutinize and tZERO are clashing over tokenization patents. We're going to see some infighting, it seems like. tZERO I'm not as familiar with. And a legal dispute in Scrutinize are over uh Securitize, sorry. Are they

over being scrutinized, I guess. An illegal dispute over tokenized security infrastructure. This will have to get settled probably by like the Supreme Court in America or something. This matters because tokenization market is getting big enough that early infrastructure players are now fighting over intellectual property. We you this in every, like, kind of asset class. And we'll break up the news with more reason that crypto IQ. So, here we're dialing back into where we were. Custody is one of the first trust decisions, right? Where you're going to hold your hold your assets. I personally would never give you financial advice, but personally, I like to spread them out a little bit. I don't like to hold everything in one place, you know? Like to have a little here and a little there. Just cuz if one exchange goes down, it's

not all my money. I've been in an exchange when it's gone down, like Voyager. Because I didn't keep all of my money in one place, I didn't feel the the the collapse that a lot of people did with like FTX cuz they had all their money on FTX. Tried to get a card, they won't give me one. I'm sorry to hear that. And uh just so you know, the the card is just being rolled out now, and so you might want to go apply again in like 6 7 months. Cuz they're just rolling it out, and they're being like really really selective with who they approve. I was reading up on it, and so later on down the line when the card's actually out and they're actually issuing it to a lot more people, you might want to go

re uh apply. [music] Basically, what I'm trying to say is they're being really picky at first who they give it to. So, custody means how and where you hold access to your crypto, right? And investor.gov explains that crypto custody is about how and where you store and access crypto assets, and the wallet stores the private keys or passcodes used to access those wallets. Two basic strategies, right? [music] Self-custody means you control the keys. As they say, not your keys, not your crypto. Custodial holdings mean a platform or institution controls access for you. These both have trade-offs, right? These both have pros and cons. So, I like to do a little bit of a mix of both. Self-custody gives more direct control, but more personal responsibility. Of course, you can really mess it up and lose all your money if

you don't know what you're doing. But, there's some things you can do, right? Like, if you send all your money, like say you had Let's just hypothetically say you had $50,000 [music] in crypto or maybe a hundred. It doesn't really matter what the number is. If you've never sent money to an address, to an exchange, to the place where you're sending the money, and you send all your money in that first transaction, that is very foolish. Test transaction. I like to test transaction real small, whatever the minimum is, right? $5. And then I'll do another tran- test transaction of, say, $50. >> [music] >> And then I will still move my money in four or five transactions versus in one whole transaction. And if I mess up, cuz what happens is you could do two test transactions, get cocky,

copy and paste the wallet for the third time, lose the last number, not not you're going too quick, you're not paying attention, you go to copy and paste that >> [music] >> wallet, and you don't grab that last letter, or you don't grab the first letter, and now you don't have a complete, and you could lose your money. So, you want to just be really, really thorough, right? Custody on an exchange can be easier. It really is. But, now you're trusting that platform's security, solvency more than anything, rules and legal structures. Before asking what coin to buy, users should understand who controls those keys. Not your keys, not your crypto, one of my favorite sayings, been around for forever, still highly relevant. The phrase can sound overused because it is, but the concept still highly relevant. If you do

not control the private keys, you may not have the same kind of direct control that you think you have. A Texas law review analysis urges that crypto investors may not fully appreciate the credit risk involved with custodial holdings because if assets are held through certain exchange arrangement, customers may not end up with creditor-like claims rather than direct property rights [music] in a failure scenario. So, they're saying instead of you having direct property rights to your crypto, you have something more like a creditor-like claim to those crypto, meaning you do have like some kind of legal obligation and claim to the crypto, but you're almost like have a legal claim to a crypto that's not yours like a creditor would. That is very different from direct property rights. And that does not mean that every exchange is unsafe, right? That

means trust model is very different. And when you hold it on an exchange, you are trusting you not you're not just trusting the blockchain, right? You're trusting that company like Coinbase. Exchange custody may be convenient, but convenience does not always remove counterparty risk. Self-custody versus exchange custody. Who controls [music] the keys? Self-custody, very obviously, you. In an exchange, the platform does. Who handles the recovery? In self-custody, you, right? If your wallet doesn't work and stuff and you and you uh you know reset it from the seed phrase, you better have that seed phrase and it better be right. Platforms may help. I'll tell you one thing that is some extra work. It's some extra work here, but here's what I like to do. I create a new wallet and in the beginning they have you write down the seed

phrase. And then they'll usually ask you like random question like, what's number seven? You know, what's the word number 11? And so and that that kind of like somewhat shows that you must have wrote it down. Before you put any money in that, go to like, you know, I don't know why the right word's not coming to my mind. You go to like refresh or reset, right? Or restore from seed phrase is really what you're going to click. Something along those lines. Before you put any money in it and restore your wallet from the seed phrase. I like to put like $5 in it because restoring a wallet that has no money in it doesn't give me the best confidence because it's like this wallet with $0 in it and then now I've put in the seed phrase and

I get a wallet with $0 in it. How do I know if that's the same wallet? I would assume it is, but assuming is one of the worst things you can do. So, I like to throw like $5 in an obscure coin like Dogecoin or something, right? Into the wallet and then before I even load it and put things in it, I restore it from the seed phrase making sure that I have the correct seed phrase written down and things and just doing it one time helps a lot and then [music] I can feel far more confident in my, you know, seed phrase that I have written down or whatever. 000 says I totally agree. Sending small amounts a few different transaction is better than sending one big transaction. Exactly. And and you know what's the worst part about

it is the more you've done it, the more you get sloppy, the more you feel overly confident, the more you'll throw a really big transaction together without sending a test transaction. Cuz I send like a test transaction every time before I send a large amount of money. If I'm sending $15, I mean that is the test transaction, right? I'm not tripping over that. But if I was going to send like a thousand bucks, I I know, to somewhere where trading or something like that. I'm not even though I've done it so many times, I'm not going to send a thousand dollars in one transaction one time. I'm going to send five bucks and then I'm going to send 50 bucks and then I'll probably send a hundred bucks and then I might send the rest over. That is really

important. It could be tedious though. I mean, for example, an exchange like MEXC Global or Weeks, you might have to put in four different passwords in under two minutes in order from four different places in order to actually get the transaction to go. Anyways, main benefit here for self-custody is your direct control. >> [music] >> Of course, the main benefit of an exchange is convenience. Main risk, personal mistakes on you. The risk for exchange is of course, failures on the platform, but freezes and hacks and all of that kind of stuff. Best use case long-term, of course, self-custody. >> [music] >> Trading and simple access is going to be your exchange. There is a place for exchanges, right? You're not going to trade out of your uh cold wallet, not usually. Some of them you kind of can with

though. Melissa says, "Agreed." Glad to hear that. Scams exploit misplaced trust. So, when you misplace your trust or put trust in something maybe you shouldn't because you didn't raise your crypto IQ and let's be fair, anybody can be taken advantage of even when you know what you're doing, things can happen to anybody. A huge amount of crypto risk is not just technical, it's social. Scammers exploit trust through fake support accounts, impersonations, romance scams for sure, investment schemes, fake projects, phishing links, fake airdrops, and fake urgency. Chainalysis estimated that crypto scams and fraud stole about 17 billion dollars globally in 2025. How about like that North Korean hacking group that always seems to take credit for everything that goes wrong. And reported that impersonation scams grew more than 1,400% year-over-year while AI-enabled scams became much more profitable than traditional scamming

techniques. All right, making sure we're caught up on the chat. That matters because many people think crypto risk is all about code breaking. And of course, just like people love to throw the term hacking around, most things are fishing adventures or adventures might not be the right word. Fishing where they got you to give them information is how they get money a lot more, way, way more than actual hacking of code. But often the user gets tricked before the crow the code's ever fail. And that's kind of what they're saying here. In crypto, social trust can [music] be just as dangerous as technical risk. Verification is a skill, not a vibe. Saying do your own research is not really enough. You have to actually do your own research. And that is why I put together this live stream for

you guys so that I can do my own research, but we could do it as a community and I can help maybe some people get some more information about crypto and raise their crypto IQ where they don't know where to start when it comes to do your own research. Like you could tell people to do your own research all day, but do they know how to do their own research? You have to actually know about tools. Do you know what crypto rank is? Do you know [music] what CoinGecko is? Coin Market Cap, uh, V2 bubble maps, regular bubble maps, like all the different things that you can use. Some people probably never even have ever used a rug checker before. Have mass confusion about blockchains [music] and the different ecosystems, how they work, how to bridge and like all

kinds of stuff that puts them at high risk for being exploited. This is my point. All those things that they don't know puts them at a high risk to be exploited by somebody who does know all of those things and is a [music] bad actor in the space. Verification has to be specific. Before trusting a crypto product, users can ask who controls the keys, is the team public or anonymous, which is a really interesting concept because like sometimes teams want to be anonymous because people with a lot of money in crypto who started projects wind up, you know, being found of floating in a lake. And their wallets are drained. So, I can understand why some of them would want to be anonymous. Other ones are anonymous because they're going to rug pull the project and they don't want

you to know who they are. So, it's a bit of a trade-off. And it's hard to know which side of the team they're on cuz I can see a reason to be public and I can see a reason to stay anonymous. Has the contract ever been audited? And even if it has been audited, who did the auditing? At this point now, if AI isn't the one who did the auditing, then I don't really care about the audit, to be honest with you. Admin keys are upgradable? Question mark. Is there multi-signature? Where does yield come from? Man, this is a really good one. That could be a stream all by itself. What happens if the platform freezes withdrawals? Can stablecoins be redeemed? Is the bridge battle tested? And of course, if you're trusting an influencer, do they hold a position

or are they being paid? Really want to write this down. I would like to do a series where we go deep into like where yield comes from and what most of these yield bearing assets are actually doing in the background to generate the yield that they're giving you a portion [music] of. I think that would be really smart. That'd be a really good IQ raising uh series and I would probably even learn a ton about what what is actually going on there. And who knows? We might see it all in a brand new light. Are they all like are all these different yield platforms are they all really using probably the same thing the same mechanisms for generating yield? Or is it just fees in an ecosystem? Is the bridge battle-tested like the one that we just saw Synapse,

I believe it was. Is this influencer being paid to hold a position? The goal is not to become paranoid. The goal is to identify the trust assumptions before they hurt you. The takeaway, smart crypto users do not just ask what something promises. They ask what has to be trusted for the promise to work. Transparency is powerful, but it is not the same as safety. One of crypto's strength is of course the blockchain and how visible it can be. You can see the transactions, inspect a smart contract yourself with your AI agent. You can track wallets and verify some things publicly. Transparency alone does not protect users. A contract can be public and still risky. A wallet can be visible and still malicious. A token can be on chain and it still be worthless. Sometimes they even name the coin

worthless or useless. A team can show reserves and still have business risk. Chainalysis noted that stolen funds remained a major ecosystem threat in 2025 with DPRK linked hackers alone stealing 2 billion and Bybit exploit accounting for nearly 1.5 billion. The takeaway here is crypto transparency helps users verify, but users still have to understand what they are looking at. Doesn't matter if you verify that a coin is on chain or or is a legitimate wallet, it can still be fraudulent. The big picture crypto risk is about hidden assumptions, right? And this is the main lesson for today. Crypto's trust problem is not crypto's has no value. That's not what we're saying here. It's that users often misunderstand where the risk is and where the trust actually lives. And they think they're trusting the blockchain when they're really trusting an exchange

and they think they're trusting, you know, decentralization when they're really trusting like the front end of a website or a wallet software or something like that, a bridge, and they're not really trusting decentralization. And they get mad at the wrong people, right? They think they are trusting a stable coin and they're really trusting reserves and regulation. They think they're trusting a protocol, but they're really trusting admin keys and oracle data. A lot of the bridges and stuff lately and over time, the biggest hacks have [music] been admin keys that they got access to through fishing. Pretty lame. This And that's a human error. That's why it's important is because that is a human error, not blockchain. But it gets blamed as blockchain cuz, "Oh, look, another exploit in crypto." It's like, "No, another person in crypto didn't have good

security measures, had too big of a team, too many people knew the admin keys, or they just plain messed up and left them exposed cuz they have them in their notes in their phone or something silly like that. And that is why this week matters. The smartest crypto users are not the ones who trust nothing. They are the ones who know exactly what they're trusting. Love that. And I hope you guys enjoyed that crypto IQ. We're going to hop back over to the news, see if there's anything here worth saying. 21 Share co-founder says tokenization hype is ahead of Wall Street reality. I don't know. Is that true? Is Coinbase saying that they have something they don't actually have or they have something they're not actually going to roll out for like 2 years? That is the question. Warned

that tokenization solves real problems around settlement and asset movement, but the industry is underestimating the operational work needed inside banks, brokerage, and asset [music] managers, compliance systems, books and records, and reporting workflow. And I would say, "Yeah, you're right." If the banks don't want to update their their uh you know, structure, and they want to still write things in books and keep records the old way, and some system running an operating system from like the '90s, which you would be blown away how many companies computers that are actually in their banks and things like that are just, you know, sometimes they're basic for cuz of security, but a lot of them are just super, super old uh software and infrastructure, right? Rick Edelman says crypto's biggest growth story is happening off the price chart. Argues that crypto's prices are

weak, but institutional adoption and tokenization are still accelerating behind the scenes. He pointed to BlackRock, JP Morgan Stanley, Franklin Temple, Fidelity, State Street, and Invesco pushing continuing to push tokenization efforts, right? They're not doing this, they're not dumb. Ethereum's corporate holders are backed by a new research hub. Remember last week there was all this like, you know, Wing Wang or whoever, he left the Ethereum Foundation. And And I love how they do it, too. They're like, "Wing Wang, he's leaving the Ethereum Foundation, like an OG, and a bunch of others." But they don't like tell us how many or who they are, how influential they were. Was it the janitor? Did like, you You did they like throw the janitor in there as well cuz he quit like uh they didn't really give us a lot of information. All

we know is some guy named Wing Wang, he left the Ethereum Foundation. And then they acted like it was like big news. I don't even know if that if Wing [music] Wang was a key player. I don't know cuz I don't really study hardcore the Ethereum Foundation. Five former Ethereum Foundation researchers launched EthLabs. Uh-oh. Is this going to be like labs all over again? An independent nonprofit backed by Shark Tank, Bitmain, [music] ConsenSys CEO Joe Lubin and a bunch of other people. The group is being framed as part of a shift towards a multi-node Ethereum development model where more independent groups share responsibility for Ethereum's future instead of relying on Ethereum Foundation. I feel like I would love to see some of the power [music] and control of the Ethereum Foundation be broken up. Right? Kind of like taking

a a monopoly and breaking it up. I'd love to see that. Ethereum's leadership structure is under pressure. But its ecosystem is also decentralizing development. Cool stuff. If you really stop think about it, Ethereum Foundation leader concerns are still growing. Here's the story about Wei Wang stepping down. He was a co-executive director. Sounds like it's pretty high up there, right? Adding to a wave of at least eight senior departures. So, it was actually senior departures. They didn't say that before. In the past 5 months, why are you seeing so many people leave? Could some of these people be leaving to be a part of this EthLabs? Could be very possible. They might even be behind why some of it is happening. Bitmain added more Eth and is still nearing 5% of the total supply. Good for Bitmain. I think they're

going going win, you know, out overall for that. MoneyGram became a salon of validator. That's pretty funny. MoneyGram joined Solana as a validator and also joined Solana development platform. This comes shortly after MoneyGram launched its MG USD, so their own stablecoin here, on Stellar XLM. Tempo and Anchor validator, MoneyGram said the future of global money movements will be built upon interoperable stablecoin. Well, this is something that I'm really getting into, so yes, that's interesting knowledge. Amazing. I'm always glad to see that raise somebody's crypto IQ, cuz I know it's raising mine. The compounding value that I'm getting day after day, six days a week of doing this show, is worth enough that if nobody learned anything, it would be worth my time. Now, I will say it's so much better when we build a strong community and other people

get to raise their crypto IQs. Much, much better than just me. But, I'm having a wonderful time learning this stuff and it and it's feeling a lot like real education. I think that's where we lose a lot of people, you know, they'll be like 15, 16 people here with us and then once we start talking about this stuff, it goes to like eight and it bounces from like eight to 10. But, you lost five, six people, right? Which if you take a percentage call, that's a high percentage. People can't handle real education. I don't know what to say, but we just got to keep trucking along until we find the right people and more of them. TakiDao, which we talked about, urged users to withdraw bridge funds after a security breach. Sounds like they're cooked, if you ask me.

Ethereum layer two TakiDao warned users withdraw funds from all bridges on networks after chain state verification mechanism was compromised. BlockSec Falcon estimated losses of about 1.7 million linked to an attack to an exposed whatever this is, enclave signing key. It's a signing key for all intent purposes. Another reminder that layer two security is not just about Ethereum itself. Bridges, proof of system verification mechanism signing keys can all become weak points. OKX and NYSE owner ICE announced a joint venture. I don't think that's the ICE most people are thinking about here. Prediction markets are expanding to Asia. CME lawsuit over Cal-Sheet Perp's remains a big regulatory fight. Crypto tax policy is becoming the industry's second lobbying front. Oh, man. I hope they don't really monumentally mess that up. MoonPay acquired AI accounting startup Intuit. I don't know who that is.

Solana treasury firm Solmate is facing a shareholder lawsuit. And here's what I was going to say a minute ago. Just seeing a lot of narrative that like XLM is really doing stuff. Is it true? I don't know. I'd really like to do a series like maybe next week where it's like what is true and what is false. And we go through like XRP. And we see not to say what is possible and what is [music] not possible. But I just want to go back in a time like now we've, you know, years since I've really dug into it. And I want to know what we know to be unequivocally true and verifiable about XRP and what is actually just speculation and what things in speculation we're taking as truth that are speculation or vice versa things that we believe

are just speculation that are actually maybe true. Like partnerships, regulation clarity, stuff like that. And then do the same thing for XLM because XLM is kind of in that same thing and there's a couple of other projects you could kind of group together there that are heavily talked about projects but we don't know what's true. I honestly feel like you could do a day on on Cardano um because what the heck is going on with Cardano? It'd be a very interesting, very focused series. Who would like to see that series? Who cares enough? And I think we're pretty much done with the news there. We are rolling into 10:09. We've been streaming for a minute, about 20 minutes short of 2 hours, right? So like an hour and 40 minutes. And we have done our due diligence. We've done

the news. We've done our talking points. We have introduced the series of the week. It's all about trust. I thought that was going to be a good series pivoting off of the invisible crypto upgrade and the utility all of those different type of things. This is Chainers for those who don't know what Chainers is. I have not sold for BNB in quite some time. Probably need to do that here. What we got here? What is this? A truffle. I don't know. What do you do with it? Nature's gold, rarely found, always savored. Okay. Truffles are worth a lot of money, I guess. See if we got anything that we can put together. Says, "Let's do it." Double O Zoo. Struga Hearts says, "It's all good." Musta says, "Yeah, sure." I think in a time like now I'm I'd be

really interested because, you know, a lot of people are pivoting into this narrative, and I know how the narratives go online, but they're pivoting into this narrative that like all along you thought it was going to be XRP. But it's actually XLM. And that narrative has floated around for a while. It's not a brand new narrative, but it's being backed by like some partnerships with some some interesting people and stuff that are big players, just stuff like that. And so, I find that highly interesting. And that is, honestly, pretty much the show tonight. Shoutout to everybody for being here on a Monday night and sharing just like the life for all we says, your most precious asset, which is your time, which I completely agree with him. That is the truth. And you're taking your time to try to

better understand this. Now, is that a going to Do you think that'll be a a good use of your time if you look back 10 years from now? What about a month from now? I'm going to have to say yes, in my humble opinion. I think this is a great use cuz I don't think any of this stuff is going anywhere. I don't think blockchain technology is going to disappear. Uh if it evolves, it evolves, but you know how much you understand something. Like if you're in something like technology from its kind of more basic roots, and then it turns around and gets real complicated. Well, if you already understood the basics, you're probably going to stand a chance at understanding the more complicated applications. But if you ignored it, and then it got really complicated, you're going to

probably struggle to understand those complicated use cases for that technology. And I think that they will become more complicated at some point. More layers, more sophisticated [music] mechanisms, like fully homomorphic encryption and zero knowledge. How does zero knowledge actually work? How does it function? What is a zero knowledge proof? What is a zero knowledge roll-up? What's a roll-up? So much to go over, and remember repetition is the father of learning, but repetition is also the nurturer or the mother of skill. And all that just to say like repetition is is highly important. And you should not shy away from hearing something more than one time. I know a lot of people, they'll start to say something, and they'll be like, "Oh, I've already heard that." And you're just like, "Okay." But do you know it? Cuz if if you

don't actually know it, then you could afford you could definitely afford to hear it again. Because you don't actually know it. If you can't apply something, then you probably don't know it. Was it Einstein that said if you don't know something simply enough to explain it simply, then you simply [music] don't know it well enough. Not the exact quote there, but you get the idea. >> And there's a big difference between being able to explain something and being able to explain something simple enough that, [music] you know, somebody actually can understand it. If somebody can't really understand, then what does it matter [music] if you can explain it in a complicated manner that nobody really receives well? And I'm just thinking out loud here at the end of this stream. It's a bear market. You got to grind through

those bear markets. And it's easily said. It's easy to make a hype promotional video and tell people that they should grind through whatever it is, the hard times, the winters, the bear markets, whatever you want to use metaphorically. But uh it's a whole 'nother thing to actually show up day after day. So I appreciate all of you guys who show up day after day. And I look look forward to it and excited to see where this channel can go, what the streams can evolve into. Have a lot of cool things that I would like to get to and build out. Right now I'm building [music] what is the beginning of our in-game show on Streamer Bot. So we have something to mess around with. [music] I was really hoping to debut it today. And uh instead I really had

to work on some other things. I hate to [music] say that day after day, but I keep making progress with it. It's just not done. Just like building anything, right? You always underestimate how long it's going to take to build something. Oh wow, I'm way past my thousand points here. Very interesting. All right, let him take me out. And again, uh what's everybody looking at? What are you into, you know? Feel free to introduce yourself in the in the Discord. Tell us Tell us more about it. I mean, I say us cuz I'm sure other people care, too, but me especially. Tell me more about how you got into crypto. Tell me your crypto origin story, you know? Tell me uh what you're interested into categories cuz all those things help me shape the show and do a show

that you will highly enjoy. What do you really love? What's your favorite thing in crypto? Is it DeFi gaming? Is it yield-bearing uh you know, projects where you can earn yield? Is that your favorite thing in crypto? The more information you give me, the more we can connect and of course, the more I can make a show that really serves your interest along with mine and everybody else's. Says, "You're welcome and thank you for creating and streaming this crypto show." You're absolutely welcome. Thank you for being here and being such a big part of it. Always got to say that first and foremost. Cuz a show, anything, a brand, it doesn't really matter. It's just like a brand is nothing without people who buy it and and and wear the merchandise or whatever the brand is branding. And a

stream is is really absolutely nothing. It's me talking to myself without anybody who shows up. So, you guys are the value. Says, "No one does Melissa says, no one does this type of show, crypto knowledge and gaming at the end." Exactly. And with that, we're going to launch into our members-only livestream. I've been stacking up my chips for a few days. So, let's see if we can win some free money and and get us a free bag of crypto. Also, I have You know, one thing I really want to do in the members-only stream is probably spend a little bit of time. I don't know how much time we'll have today. We'll we'll we'll take a poll and see how many people show up and we'll see how much how interested they are in it. But um that's probably

where I'm going to put a lot of your personal development and but also like your AI tools and things that we're using and stuff and looking in into stuff like It's a lot of cool stuff we can get into. Remember, the member stream is for the members. If you don't come to the members-only stream, I can't really do something extra great for you as a member if you don't show up and you don't tell me what you want to look at, what you want to do. >> [music] >> Answer questions, whatever it is, deep dive something, all of that good stuff. I love that. Striker Heart says, "Yeah, it's been a good show." I'm so glad to hear you guys enjoyed the show. I'm going to play one more round of this RollerCoin, which I'll probably just touch base

on a little bit more here when we go into the members-only live stream, which I still need to do in the background, right? All right, where are we at? Oh, what did I even just do? Members-only live stream in 5 minutes. Thank you everybody who's been here. I am going to take those 5 minutes to get ready for the members-only live stream, which means I will be toggling you guys on over to our intro, which will actually be also our outro. I'm not going to do this every day, but I'm going to run around and get something to drink and a couple of things here before we get into that members-only [music] live stream. I'll see you on the other side. Thank you for being here. And of course, stay blessed, stay underground, stay [music] crypto, and I'll see

you in the members-only live stream. >> I ain't [music] getting no rest. I ain't [music] getting no rest cuz I'm going to >> [music] [music] >> Mhm. >> All right, guys. We have 10 seconds here. Let's go. >> [music]