Daily Crypto IQ: XLM Fact or Fiction

[music] Hey, [music] hey, hey. >> [music] >> Oh yeah. [music] Oh yeah. [music] >> [music] [music] >> I think that we're just holding [music] on to something. I wonder >> [music] [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 holding [music] Heat. Heat. I think that we just holding on to something. I think that we just holding on to something. Just tell me what you [music] >> [music] [music] >> Who Let's go. Welcome into the underground crypto deep dive show. You know what it is. Here we are over at the 4hour BTC chart. How are all my undergrounders doing out there? Kicking off another another Monday and another stream. Let's see. We got Struggger in the house. Chris Cos

333, my fellow lifer. Plague dogs. What's up, my brother? Says, "Let uh oh, y'all hear that? It's my crypto IQ IQ growing rapidly. I'm gonna start being able to speak English much better here very soon. Uh, Prime Minister in the house. Hey, CCP, what's up? What's up? Welcome in. Welcome in. Melissa says, uh, she's scooting home from work. She's going to be late, but she's already here showing off those custom emojis. If you'd like some custom emojis, you can get those in the membership. Only $3 a month. If you think I'm worth it, that is. Anyways, how's everybody feeling? How's everybody doing? We are starting another series. Welcome back to the Daily Crypto IQ, the Daily Crypto Live stream where we go deeper into topics that actually raise that crypto IQ. Tonight, we're getting started with a brand new

series called CryptoFactor Fiction. Told you guys I was going to do this one. I think it's going to be a lot of fun. Hopefully, it'll be wellreceived. We are at the bottom of a bare market. We shall see. And the whole point of this series is simple. We're trying to take the biggest claims that people make online about different crypto coins, currencies, whatever you want to call them, projects, and we're separating the myth from reality best that we can. Because in crypto, a narrative can have real facts underneath it. And there can also be real technology, real partnerships, real payment infrastructure, and real adoption. But then the internet can take those real facts, stretch them into claims that go way beyond the evidence. So, this week is about not blindly hyping up a coin and about not blindly dismissing

them either. It's about asking what [music] is real, what is exaggerated, what is speculation, and what is fiction. And tonight, we're starting with Stellar Lumen, XLM, if you know. XLM is one of the coins where people talk about payments, banking, remittance, moneygram, that one's going to be a big part of the topic tonight. stable coins ISO 200022. I think that's how you're supposed to say it. No, it's 2022. Um, let's see. Global adoption, huge future prices. So, tonight's job is pretty simple. Separate the fact from the fiction. And of course, our quote of the day, extraordinary claims require extraordinary evidence. Carl Sagen, if you know if you know the Sagen. Now, let's talk about this 4hour chart real quick. Of course, we've pointed out many, many times. You're probably here tired of hearing about it on the 4 hour

chart, and that would be this shoulder head and shoulder dumping. I mean, you got you got most of it, right? Got the big majority of that move. And now we're just kind of dipping down. It looks like what kind of pattern we want to put this in? does very much kind of look to me like it's just holding support. This looks like a double bottom, right? Maybe get another little one as that 200 comes down and we get some kind of mix and move there again. How's everybody feeling? Let me check this chat out. All right. All right. We are up to date on the chat. Shout out to all my undergrounders. Again, smash that like button if you want underground crypto to pump to the moon. and crypto across the board. Let me tell something you may not

know, but Stellar's Moneygram connection is actually real. This XLM moneygram connection is actually a real thing. Stellar describes MoneyGram access as a way for wallets to sorry, for a way for wallets and apps to let users convert physical cash into digital dollars and back using Stellar Lumen's USDC. So, they're going to use their uh stable coin, Stella USDC, to back up the digital dollar here to physical cash conversion through MoneyGram. Even without needing a bank account, Stellar also uses MoneyGram as a presence in over 180 countries, right? So, it's getting a lot of access to a lot of countries, which gives the apps a broad cash to digital access point. Moneygram also announced MGUSD, a dollar peg stable coin on Stellar at launch. So that Moneygram has their own stable coin as well. And the announcement says that MGUSD

is issued by bridge, uses M0 smart contract infrastructure for minting, burning, and uses Fireblock wallet in the Moneygram app. So this is a pretty cool integration into a product that a lot of people probably already use. Cam, where you at, bro? Yeah, where is Cam stuff? And this is the reality side. The myth side is when people take real infrastructure and turn it into claims like every bank is going to use XLM. ISO 222022 guarantees XLM adoption. I'm not saying that right and I know I'm not saying it right. XLM is secretly chosen for the global financial system. We hear that one a lot. And those claims need much higher evidence for what they are trying to claim. And we're going to do our best to separate that stuff here tonight. Smash that like button for me if I

haven't already said that three or four times. Really counts if you do it at the beginning of the stream. Let's get over to these crypto bubbles. Right. So, one through 100 here. No super giant bubbles today, but green kind of across the board. First, let's toggle this one through 1,000. I see a lot of green, and I like that. The biggest biggest winner here looks like 100 to 200 by market caps up 4.5%. That'll be our next category to look at here. Velvet actually down 10%, right? We'll start with that. It it went as high as uh $2 and now it's chilling at a $164. Zcash with a 10 with a 7% pump. [music] Cass 9% pump. ADI 9% pump. Hype 7. So between like, you know, 6 and 10% pumps across the board here. Sky 6, lighter 6,

stable 9.8, [music] BDX 4.8, DXC 8.2, Memecore down another 7%. Where is this thing at [music] right now? 60 cents. Poor Memecore. Poor little Tang Tang. All right, let's drop down another 100 here. XLM pumped super hard a month ago to 33 cents. Yeah, and a lot of the news that we are going to probably talk about with the moneygram and stuff, a lot of that was a big reason why I did that. Definitely one with good potential. I do agree. I've held a little bit of XL in for a long time. I don't even remember where I bought it. It is somewhere in a cold storage wallet and I haven't looked at it in a minute. All right, Billions Network 26.6. A lot of big winners in this 100 to 200. Rave, which I wish would kind of

fade off into irrelevance, but hey, it's crypto. It's still here. It's up 27%. Pyiverse TAC which we know to be in the ton ecosystem or I guess now we call it Graham. So it's in the Graham ecosystem but I always got to reference ton otherwise people are probably not going to know what I'm talking about here. And TAC is up 167% today. UB which is Unibase up 45%. Reliable Jay has said many times that he likes that project and he is very good at picking out projects uh from what I've seen. So I I'm definitely going to believe him. Guay up 7.7%. [music] Tag or Tagger up 10%. Humanity up 17%. Let's see this thing. If we go throw it on the monthly, you know, it got absolutely demolished with some problems that it had re people were talking

about re on the lifers channel today. Let's go to the weekly. Still a very new coin, right? Had this huge dip. It's recovered quite nicely from it, honestly. and B&B add astation service up 26%. [music] This one seems to get a lot of pumps here lately. We'll have to keep an eye on that. And we usually only go down to two to 300. So, let's drop down one more here. And we got useless, the useless coin, the [music] most useless coin, up 12%. Magma up 6%. That's in the sweet ecosystem. We have TS LAX, which is uh the [music] Tesla X stock. Okay, it's what I thought that it was going to be. 7.7%. Ordies up 20%. That's Bitcoin DeFi. We got Arkham up 12.8%. This is a new product uh product project on the radar. Then we have

Pros or Pharaohs down 13.5% and cards down 10.5%. I've talked about cards a lot. And this exchange 01 point is it 01. Exchange or zero? I guess it's 01. Exchange. Either way, it's an exchange. It's right in the name. It's uh only up like 10% today. It's an interesting one. It's new. How bullish are we on another decentralized exchange or centralized exchange even for that [music] matter? That is the question. Let's do our price rundown. Yeah, a lot of green today in the bubbles. Exactly. I'm loving to see that. Let's see if we can keep that momentum up as [music] we run through the week. It is only Monday, right? False move Monday, anybody? Bitcoin, $59,674 at the time of [music] recording, 2.16 trillion in market cap, up 1.2%. Ethereum, $1,591. We got B&B, $555. Still a lot of

red, a lot of bigger red on the 7-day, right? 5.9, 6.7, 5.2 for B&B. XRP down 6.3. Tron down 3.8. Salana is actually up 4.4% in the last seven days. Still a lot of red. Just a reminder, even with a little bit of green today, we still have plenty of red in the the bigger weekly chart, right? XRP $105, but Salana clapping back with $74.22, right? So, it's getting bought. People thought, hey, Salana's a little bit too low. Probably [music] a good time to buy some, right? And again, Salana has a $43.5 billion market cap. Hyperlid $65.93 up 1%. Dogecoin getting low to that low 7 cents down 11% in the last seven days. Don't like to see that as I hold a little bit of Dogecoin. Uh Zcash $400 down 8% in the [music] last seven days. XLM

kind of the coin of the day that we're going to be talking about. Remember, we're trying to separate fact from fiction and uh reality from myth. [music] So, I opened up the week with XLM. Tomorrow, we're going to be talking about XRP. There's so many extraordinary claims about both of these projects, mostly XRP. XLM is in there for sure. And uh I wanted to warm it up and get you guys ready for the series before we jumped like directly in XRP. So, just know that XRP will be the topic of tomorrow. and XLM down 13.7% in the last seven days [music] to 17. XMR $313. Canon Network 14. Chain Link $7.32. Cardano 14. Lab down to $14.82. This thing's come down a little bit too. [music] Down 11.4% in the last 7 days. Graham aka Toncoin a$160 [music] down

5% in the last seven days. Litecoin $42, HAR 7, Avalanche $663 actually up 7.1% which is kind of sad for [music] the price action at 69 just chilling there under 70. I still think it is great. Anything under a dollar for SU maybe we might get something like a real low dip down to like 55 cents or [music] something that would be pretty cool and we will move on from here. Let's see what's trending on the Coin Gecko today. Here we are. How's that volume level? How's the mic? How is the music? Let me know if any of that stuff is too loud or too quiet. United States Water Reserve. Oh no. Are we doing more of these? Like remember all the oil coins? There were like two, three oil coins. United States oil reserve and stuff like that.

Now we have a water reserve. What in the rug pull? We'll check it out. We'll [music] check it out. Black bull anim. It's up. What is that? 28,000%. Golly, where did that thing come from? We'll definitely take a look at that. 28,000% in the last 7 days. That would have been a ride. Synap, the Pudgy Penguins, Hyperlquid, Athena, Solstice, TAC, Salana, Bitcoin, Lighter, Stellar Lumen, and Velvet Billions Network, Rave Dow. That is what is trending over on Coin Gecko. Let's take a look at this United States Water Reserve, even if I don't want to. This token is not affiliated with the United States government or associated entities and products. Yes, very good on Coin Gecko to make sure that you know that this is just like a meme coin somebody made up, but it has $15.3 million in it.

[music] A billion tokens almost fully vested there. Salana contract USWR justai. This reminds me exactly of what they were doing with the United States Oil Reserve like meme coins that they were making. It was pretty lame. So sad AVAC was so bullish in the old days. It was I I I I I watched a lot of that in real time with Avac and I mean was there what was the big wrong move that they did when they decided that they wanted to be they decided that they wanted to be the chain for gaming and like gaming wasn't hot like gaming wasn't relevant and no DeFi gaming was doing well especially with putting together ecosystems that could sustain themselves. Uh, so I don't know why they went that route, uh, without having something, you know, an ace card up their

sleeve kind of thing. It tells you right here in the category, this US Water Reserve is a meme. Anytime you see something that would be normally like highly [music] serious, right? And then it's a meme, that should kind of tell you anything you need to know. But we'll check out the website if it'll let us. I do let my uh anti virus do its thing sometimes and block stuff. AI is the thirstiest machine ever built. All right, so where are we going here? A [music] single com uh conversation with ChatGBT evaporates a water bottle. Oh man, is this what we're doing? This this kind of narrative training chat GBT5 drained a small lake. uh Google, Microsoft Meta, and OpenI now withdraw billions of gallons every year just to keep their data centers cool. Here's the question, like they run

the water through all the pipes and everything that they have and they cool down these machines, right? Is there a reason why they can't reuse the water? You know what I'm saying? Because this always wants to act like, you know, it evaporates a bottle of water. Anybody Anybody remember like pretty basic science from high school? What happens to a bottle of water that gets evaporated into the air? Yeah. It falls [music] back down as rain. It comes right back down. We're not losing it, guys. We're not losing the water. It's coming right back down. It's been doing it for a long time. At least at least thousands of years at least minimum. So, why are why are we freaking out about this? They always do this narrative [music] and I'm so over the narrative. But that is what they

are crying about water when it comes to these AI centers and stuff like that. I think this coin is a nothing burger and I think in two months you probably will never ever hear of it just like that US oil reserve. So I'm not going to give it much more attention or time. I think the narrative is pretty stupid if you ask me. Uh let's see. Strear in the building. uh prime minister said they tried to attack Salana by sending a lawyer to get them in trouble with the SEC. It's a long story, but it's part of the reason. Okay. And it just backfired on him. Let's check out this thing. The Blackpool. Uh according to rug checker XYZ, there is a risk of market manipulation due to large concentrations of tokens held in one or more unidentified wallet.

Please exercise caution. Okay. Ansim, which is weird because it has nothing to do with the name the black bull. Uh 55.5 million in market cap, a billion tokens, 413. So it's less than 50% vested. You could say it's like I don't know 61% out in supply. Uh Salana contract address here. It is a meme. Salana meme pump.f fun ecosystem seems to be doing pretty all right though. Max chart says this thing came out on the 20th. So, it's been out for like a week and then all of a sudden it just got support. People found it. People decided it should be worth something. I guess it went to 90 million and surprisingly with this big drop it actually stopped at 27 million and has built its way back up to 55 million. So, that's actually pretty impressive. Usually when

they get that high and sell off, it's over at that point. Looks like something that would probably be worth pulling up in the V2 bubble map, right? What is it? See if I can get this right. Bubble maps. There we go. Let's go ahead and drop in the ticker here. Looks like I am not the only person looking at it. I'm sure there's some kind of story, community, something behind it that I don't doubt. All right, this first cluster here holds 64. Yeah, holds 64%. You have [music] like kind of the original pumpf fun wallet here. It's still holding 58% of the supply. Let's go ahead and cap that one% after that. There's not a lot of wallets that hold a lot. So rather they really really uh you know spread them out here. Let's see. It's a meme

coin launched by a famous K named Anom. I talked about it in your Discord with Camsta. [music] He holds 65%. Yep. I mean, we can we could see that. Uh what do we what do we think about that though? Does that mean he's going to dump it on everybody pretty much? Cuz that's kind of what I would think. I would think he's just going to dump it on everybody. But I guess we'll we'll keep an eye on it. We'll see where it goes. Gotta love that V2 bubble map. So, it's a good it's a good thing to have. And of course, there's like never a website for any of these things or any of that. So, Anom is a is a popular Ko. Got you. Thank you for being here, Prime Minister. You definitely holding it down. Uh Struggar

2300. All right. Again, TAC. Let's take a look at TAC for a second. It's been pumping like wildfire to the moon. Uh this thing looks like token generation event July 14th 2025 276 million in it. It is a ton ecosystem B&B smart chain ecosystem are only two contract addresses. We got categories like just infrastructure that's all there is. Let's go to TAC. build right. TAC is a purpose-built blockchain for Ethereum virtual machine decentralized applications to access ton and telegram ecosystems 1 billion plus user base. So it looks like it's just connecting a lot of Ethereum virtual machine you know decentralized applications web 3 into ton's ecosystem [music] ton and telegram of course going very very hand in hand can't really I guess you can have telegram without ton but you can't have ton without telegram right it's that old

chicken and the egg thing right [music] but not quite so let's see build with us join force how it works Don't want to lose you guys here. TAC bridges tons 1 billion users to EVM application ecosystem. This line right here without getting too complicated. This is really all you need to know about TAC is that it's bridging tons [music] billion users to Ethereum virtual machine application ecosystems. It is interoperability [music] connectivity layer zero maybe if you will. if you know your layers, if you've been raising that crypto IQ. Uh, Prime Minister says no, he won't because it's tied to his reputation. Very long [music] story on this token, too. Okay. A lot of very long stories. Struggle heart says it's going. Yeah, struggle. We all missed that train. What train? And some memecoin. Yeah, exactly. Whoops. Guess we have

to be living on pump. Fun. I don't have time to do that. I wish I did actually have time to sit on Pump. Fun a lot more and kind of check things out and be on top of those things. I just do not have that time. All right, beer and greed index at 15 today. Definitely worth keeping an eye on. Yesterday was 12. Didn't stream yesterday. That is typical Sundays here for us at Underground Crypto where I have a eBay resale business where things got to get packaged and shipped and get ready for Monday. So that is why I don't stream on Sundays. Maybe one day this stream will be pumping and I'll have to stream on Sundays. Maybe we'll do Sunday's member members only stream. We'll see. We'll see. So let's go back. Let's take a look. We

do our what is trending on Coin Gecko, but then we also do what's trending on crypto rank and we get very, you know, different results. Coin Gecko seems to really be dialed into what's the biggest coin or something if it's it's small but it's pumping hard. kind of like that black bull. And then you have like coin uh crypto rank where it just really gets you all kinds of different things. A lot of them don't even have token generation events yet, right? And really keeps us up to date on things that are coming out. There's many, many, many, many times that these coins uh with no tokens did finally come out and then did really well. Uh, Guay is one of those and I could name quite a few others, but it's probably not worth doing right this second.

Before we get too ahead of ourselves, let's introduce the problem. Okay, we use a story format to kind of introduce our our conversation of the day to raise that crypto IQ. And today happens to be XLM. The series this week happens to be Factor Fiction. There is a lot of crazy stuff on the internet said about XLM and there is a lot of very highly speculative crazy stuff said about XRP. I don't know what's real and what's not real. So, as a community, as a group, I wanted to deep dive these things. So, we're starting with XLM because XRP is really kind of one of the main focuses where I want to do this separating fact from fiction, but I didn't want to come out Monday swinging with XRP and nobody was even ready for the series yet. So,

we started with XLM because there's plenty of stuff said online about XLM as well. Let me double check my microphone is still working. Every time I touch it, I'm afraid it's going to quit working on me. The problem. So, everything starts with a problem. XLM is one of those crypto assets where the online conversation can get very loud. Some people talk about Stella as a payment infrastructure. Some people are talking about the moneygram situation. Some people are talking about stable coins remittance or some people are talking about ISO2022. I think it's ISO2022. I [music] don't know. There's a common way to say it. I know what it is. I've said it a million times and uh for some reason today it's just not coming to me. And those are real topics worth discussing. But then very quickly the conversation

can jump from reality straight into mythology. people start saying XLM is secretly chosen for global payments and then other people are like no it's XRP and then other people are like no it's actually XLM and then back and forth and back and forth and back and forth right who knows what is going on quote unquote secretly people are starting to say that XLM yeah has chosen secretly here we went over that or that banks will have to use it like they're going to be forced into using it somehow or that XLM and XRP P are going to divide up the world's financial system. Like it's just going to be both of them. That's usually kind of the the median ground that they come to when they're arguing or that ISO 22022 means certain coins are guaranteed winners. That's a

whole another narrative in itself. And that is a massive price target inevitable because all money has to move through these assets. This is what they're trying to tell you. That is where the problem starts because sometimes crypto myths are built upon real facts and that makes them more convincing. It's almost comical how many people I know who are not crypto people. Like they're just not. But they hold XRP or XLM or both and they believe something like XRP is going to go to $50,000. Um I yeah, we're going to get into a lot of that stuff, but uh the real question is if you follow the money, it doesn't make sense there. It takes too much money to make XRP $50,000. We'll get to that. You'd have to burn a lot of the supply. All kinds of stuff [music]

like that. The shift though tonight, we want to separate these layers, right? Layer one, reality. Stella is a payment focused blockchain. That's first and foremost payment focused blockchain kind of similar to the way XRP but in a different way. XLM is a native asset of Stellar, right? Stellar has real stable coin and payment use cases. Remember Stellar is the the the company. XLM is is more of the product. Moneygram related cash on and off ramps are real. Humanitarian payment examples are [music] real. But layer two is speculation. If Stella usage grows, [music] could that help the network? Could XLM benefit from more activity? Could payment focused blockchains matter more in a stable coinheavy world? Think it could. Those are fair questions. But layer three is mythology. And that is where people start making claims that are not actually proven.

Claims like banks must buy XLM, right? Like there's some kind of something forcing them to do this. And ISO 2022 makes XLM officially chosen, right? like it's pre-planned that they're going to be chosen because they are compliant with this ISO 2022. XOM is guaranteed to hit a certain price. Well, that [music] one is obviously out there because nothing is necessarily guaranteed to hit any certain price. They do the same thing with XRP. Every global payment will run through XLM. That is not fact. It's not even careful speculation. that narrative without any evidence. The payoff though, once you understand, you can look at XLM with a clear mind. Does that mean that XLM is not going to pump? That it's never going to be integrated? That it's never going to go up? Pump your brakes because it could. But going

from that to banks are going to be forced to buy it, right? It's a guaranteed winner. That's a totally different thing. You do not have to hate it, right? You don't have to worship it. you can respect it, the real payment story, while still rejecting claims that go too far. [music] And that is a big thing. This right here is a good good stopping point to say, [music] you know, with the fact that there are many people who I know who are not crypto people, they hold XLM, XRP, one or the other or both, and they're rather on one side of the camp and some of them are XLM and they don't like XRP because that's the fake one [music] and then vice versa, right? And then you have this whole other camp of people who just are tired

of all the nonsense, tired of all the overhype with both of the coins and anything related to that category and they just [music] absolutely hate all of XLM and XRP, right? And it's like we don't have a middle ground. Like we could have a middle ground with it. We could just respect it for being what it is like any other project in [music] crypto and then just try to focus on what is real and what isn't real like we would do with any other project in cryptocurrency and that is the goal of the factor fiction segment that we are series segment tonight series this week not to destroy the excitement right that's not our goal but to make excitement smarter to raise that crypto IQ if you will because in crypto the strongest users are not the ones who

believe in every viral claim that's exxx actually the weakest users, right? And they are not the ones who dismiss every coin as hype. That'll also make you miss a lot of pumps. They are the ones who can separate separate reality, speculation, and myth. And tonight we start with XLM. Welcome. Welcome to the show. I am [music] I am a little overly hyped tonight. I apologize slash don't apologize. Uh let's see. X XRP army moonboys think it will flip BTC. Lol. Melissa says, "I'm here." Welcome back. Welcome back, Melissa. Glad that you made it home safe. Yeah, flipping XRP, flipping BTC. Uh that would take a lot of money. Let's just leave it at that. Like, it would take a lot of money. So, we have TAC here. TAC has been pumping, right? It's up 172% according to Coin Gecko

in the last 24 hours. It's pumping. Uh would I want to run and buy TAC now? I don't know about that. I'd have to really look at the numbers. Right. So, we have this a starter ticker A. See what we got. Yeah, I didn't mean to click that. Looks like Bit Ventures probably our biggest venture capitalist there. So, a starter is an AI economic infrastructure on B&B chain providing computation power, execution, runtime, and decentralized exchange and a launchpad for onchain AI agents. Very interesting. Let's go look at their X. Yes, we will have to leave Crypto Rank in order to go to Twitter. Thanks for [music] the warning. infrastructure built for AI agent economy. Web four. Is that what we're calling the agentic economy? Is web four. I I wasn't briefed. I must have missed a briefing this morning.

39.8,000 followers. They have here. Uh they got a partnership with Centism AI. Very interesting here. 40 users. Is that for real? Hold on. Wait. Let me see this. Their giveaway. 40 winners get 5 USDT each. That doesn't seem like a very good giveaway if you ask me. It sounds like weak sauce. Let's go check out the website. infrastructure for the autonomous AI economy. I mean everything AI related from resources, everything right all over the place. All kinds of narratives and angles. I like this web 4 deepen AI uh native network. Web four, huh? Is that what we're going with now? Yep. Don't forget to slap and kick that like button for crypto knowledge. Prime Minister says, "All good. Loving the in loving the energy." Says, "Trugheart says, "I love XRP." Ripple gang, I do hold XRP and XLM. Uh,

nothing against XRP, but it's not flipping BTC. Yeah, nothing is. Yeah, that you we can like we can like XRP and and and still believe it's probably not going to flip BTC and any relevant stretch of time, right? If you want to say in 100 years, I don't even want to have that conversation cuz who knows what's going to happen in 20. [music] But if we're talking in the next four or five years, I I'm pretty confident it's not flipping any BTC. In the future, millions of AI agents will work autonomously on chain. Aster is building the deepen powered infrastructure for them. Again, when it comes to these websites and projects, is what they're saying here true. Yes. I I wholeheartedly believe that's true. Is a starter or Aar gonna be the one who's doing it? I don't know.

I don't know about that. See, see how they kind of like insert themselves in here? Like this is going to happen and they're building. So, choose us. We're going to win. We don't always know if that's necessarily true. So, here is a decentralized exchange. It looks more of like just a quick swap here for Aster just to get you into Aster. You can earn with pools. And [music] it looks like there are none at this time. It's probably actually cuz I don't have a wallet connected. [music] It's probably what it is. Sometimes they let you see things and then other times they just don't let you see them because you're not connected with your wallet. And it's [music] probably not good for me to connect my wallet, even if it's a burner wallet, to every single app that I

look at. So that's a starter. No token generation event yet. They're in funding round. Then we have adjacent [music] also in a funding round raised 2.5 million. Let's go back because I didn't see what a starter actually had raised. Okay, that's because they haven't given us any numbers yet because they started on June 20, [music] you know, June 26 here. I mean, they have funders. So, I mean, these people must have put some money in, but we just don't know how much money they put in. All right, moving on. Adjacent 2.5 million they've raised. Adjacent is an indexing and data platform providing unified APIs, historical price feeds, and custom benchmarks for prediction markets. So, they're adjacent, maybe two prediction markets. I know, super super exciting stuff. Don't everybody get too excited all at one time about this adjacent coin.

Tech USDTE, that's going to be a stable coin. I don't know if that's really worth saying, but we'll see who it's affiliated with if we can. Tech is an RWA credit platform enabling startup employees to borrow against preIPO equities using the onchain USDT lending protocol. So employees who have preipo equity can borrow against it. that preIPO equity being a real world asset, they can get credit from tech dollar. Kind of run that backwards, maybe it'll make more sense. I find sometimes if you read something and it and and you don't feel like you grasp it, just run back through the paragraph backwards and some reason sometimes it clicks. I don't know. It works for me a lot of the time. Maybe it doesn't work for you. Eg gas or gay, I like the project. can say that's that's about

all I can say about it is I really do like GU. We'll pull it up real quick so you know what it is. ETH gas is a marketplace and infrastructure layer built for Ethereum's network block [music] and gas market. So if you don't understand blockspace or data availability or a memp pool or you know the market/competition to get your transactions into place if you don't understand maximal extractable value [music] right mev for the good and the bad then you need to raise that crypto IQ and you are already in the right place. Smash that like button. All right so we got rave dow. Let's go ahead and just ignore Raven Dow because I mean it's hurt a lot of people. It's up, it's [music] down. That is the nature of Rave Dow and it's been down. Hasn't been up

in a while. So, are we starting to see it pump again? Are we going to do it again? Orthogonal. Orthogonal. It's in the AI sector here. They've raised $4.3 million AI infrastructure layer providing service discovery, task orchestration, and onchain payment solutions for autonomous agents. Can anybody say X42 protocol? Look at that. X42 is an open- source protocol by Coinbase for microp payments. Whoa, whoa, whoa, whoa. That's not accurate. HTTP 402 pro uh protocol came out in [music] 1993, right? Um it I X42 I guess maybe they've integrated [music] it and taken it and made it its own product but um it was not invented by Coinbase. It's actually been around again since like 1993. It's not a new thing. Poly mesh also trending. This RSK infrastructure framework keeps [music] sticking around. SP500 tokenized right stocks. So you're seeing some

real world asset tokenized stocks here. Is this done through Coinbase? I want to see who this is through. Uh, here. That's the easier way to do it. See more details. All right. I'm not seeing who this is through. It's an X stock, but who's doing XTOs? Is that Coinbase? If it's Onondo, it usually says Onondo. Salana B&B arbitum ton [music] ecosystem. Let's go to the website. Oh, access restricted. They don't like me. They don't like my VPN. Uh, Ked AI. Take a look at this one. Anybody know who the X talk is through? I mean, I don't think it's Twitter, even though it has the X in it, right? Coled AI has raised $12 million. is a platform designed for the collection and preparation of data sets used in training artificial intelligence models. How many water bottles do you

think were [music] absolutely obliterated and destroyed in the data sets that they use for training of this artificial intelligence model? All jokes. All jokes. Hopefully somebody's been here long enough in the stream, they [music] understand what I'm talking about. Ando is nice, too. I like Hondo. The price appreciation hasn't been amazing for it, but also the real world asset and all that stuff hasn't been, you know, being cranked out. But if you look, a lot of a lot of uh stocks have been tokenized on. And I would actually be really interested to see the integration. I don't know how many people paid attention to all the stuff that Coinbase is rolling out. Um real this is their claim, right? I'm not going to say it's 100% true, but they're saying it, so it probably is pretty close to the

truth. Uh, they have real tokenized stocks to the point where if you buy them on [music] Coinbase and stuff, you'll even get dividends from the stocks cuz you really own it. That's pretty cool. Now, could you just correlate and then make sure people get dividends? Um, yeah. And [music] I don't think people would really care if you did that, right? So, are they in competition with Ono? Are they using Ono in the back end? Like, how are they doing it? Did they build their own thing or are they teaming up with things like Ono? These are important because Coinbase is a very popular app. A lot of people are going to use it. They're going to use that function as they roll it out for real [music] world asset and tokenized stock. Um, if it works through Onondo, it

might appreciate Ono. If it's [music] in competition with Ono, Ono might have a problem. So, that would be worth looking at. [music] We got Turbo on the radar. Cat in a dog world. Uh, there's so many of these. I don't even know which one [music] this is. Gnosis. If you know, you know. Uh, Ganosis here. Let's pull up Gnosis over here because Ganosis, I believe, has Yeah, Ganosis has great tokconomics. That's all I'll say. 3 million max supply and only 2.6 million out. So you're taking 282 million, right? And you're dividing that against 200 2.6, right? The full number of course to get $100 a coin. [music] Uh with only three, think about how well think about how fast Bitcoin appreciated with a 21 million max supply [music] right now. Of course, Ginos is not going to get the

attention that Bitcoin got and the rush to buy that that Bitcoin got, but it needs [music] far less with only 3 million tokens, right? It needs a lot less attention and money to flow in to do some pretty crazy numbers. Uh we're on market cap. Let's flip the price here. So, yeah, I just wanted to show that about uh Ganosis anytime it comes up. There's a few I keep an eye on that have just great tokconomics. And honestly, great tokconomics is low max supply in my opinion. And then of course some kind of, you know, attention. It doesn't matter if you have one. You could have a hundred coins in existence, but if nobody cares about the project, it's not going to appreciate, right? Gonosis OG coin. My favorites are low supply coins because you don't need much money

to move them up. Plus scarcity equals value. Yep. prime minister gets it. I can tell you understand the tokconomic game. So, we got right uh Bitcoin DeFi for all intent purposes here getting a little bit of attention. Ord is the first BRC20 like you had an ERC20 or you were supposed to have KRC20s on Caspa, right? Uh built on blockchain, Bitcoin blockchain due to pro protocol. As far as I understand, it's actually quite limited stuff. But, um, you know, it's better than having, I guess, no, what do you want to call it? Defi on Bitcoin. I think that's the best way to say it here. 81 and million in market cap. Been as high as 2 billion before. So, we're we're at a bottom of a bare market. I wouldn't expect to go anywhere near two billion right now.

We have Squid. Squid isn't a token sale, right? Squid provides an API and front-end dev tools to build across chain swap bridges and generic transactions. So, it's very much for developers, but these things got to come first, then they can be used to build cool [music] stuff that we'll later use and care about. You might not care about Squid or a lot of the things that we cover that have to do with data sets and again APIs and dev tools, but understanding where they're working, where they're using kind of signals where the devs are, right? And where the devs are is where things are being built. So, they've raised 15.7 million in market cap here. Uh, Prime Minister says, "Ui, what's your favorite coin?" like number one. Oh, you know, it's going to be a weird answer because I

spend way too much time looking at all this stuff. I don't really have a number one coin. I really don't. I have things that I hold. There's a lot of the things that I hold decent amounts of were like my number one coin at one point and then I found other coins that I like. There's a lot of things that I like. If we were going to pick number one coins, we'd probably have to roll by like by like category, right? you [music] know, that kind of thing. It it has nothing to do with necessarily crypto. I'm kind of like that across the board with everything. Like I don't feel a need to have a favorite anything necessarily. I just enjoy things in the relevant time that they're relevant and then I know what I like best in [music]

that point. Like if we were going to go like if somebody said, "What's your favorite food?" I'd be like, "I don't have a favorite food." But if we went and sat down at an Indian restaurant and you were like, "What's your favorite Indian food?" That'd be different. Give me that tikka lemon pepper salmon. Uh, you know, comes out on the skillet. I I want that. You know, give me some dosas. Like, you see what I'm saying? So, if you took me to a barbecue place, it was like, so it's I it's the same way with crypto, right? If we roll into RWAs, you know, we'll be talking about Onondo and stuff like that. Talk about crossber payments and stuff relevant to the show tonight. XLM, XRP, stuff like that. [music] So, as far as like favorite number one coin,

I don't really have one. It It's just kind of relevant to uh what's going on because the market pumps in categories generally, right? Here's one of these. Uh I don't know if they're Japanese or Chinese. I think they're Chinese. Prime Minister of Japan, he should know. Uh, Binance. I know. We [music] brought we bought a like I bought like $4 of a coin on what even was that? I think that was like Mexi Global. I don't know pre-offers or something like that. Bancians was one that I bought. I know that the lifer bought one of these coins [music] and it's done pretty well for him. I don't know what the heck this coin is to be honest with you. So, there's that. Let's see what kind of a uh description we get here. It's a meme coin on B&B.

That much I already knew. Dedicated to saturalizing the aspirational Binance life inspired by co-founder he viral tweet. Yeah, you lost me. Maybe if you're in that Asian market that made sense to you, but I I have no idea what that means. And that kind of covers our top 20 pumpers here. Let's go get our top gainers, top losers of the day again. And of course, refresh it. Man, we are just rolling through this thing, which is good because we're going to probably take a little bit of time for our topic of the day. Finance is Chineseowned. Okay, I I I guess we all kind of figured that, right? Okay, understand. Cuz everyone gets their main conviction back and others just buy if they got potential, [music] right? Some people don't have a portfolio. They have a collection of random

purchases. Um, so I guess that's different. Camsta in the house. Welcome in. Welcome in. Where you been, Cam? You're late. All right, so let's talk about those top gainers, top losers of the day. Of course, TAC. You know, TAC again, if you missed it, [music] they bring the Ethereum virtual machine for decentralized applications in the Ethereum virtual machine to [music] Graham to ton to to Telegram. I don't even know which way I'm supposed to say that, but I hopefully you understand. [music] We're merging the ecosystems and the capabilities, interoperability, if you will. BMBB at astation service. Humanity getting a little bit of a 22% pump. I don't I don't know if I think humanity is highly uh undervalued and going to do something or if it's cooked and it's like pretty much done. It's getting little pumps as people

speculate on it doing something. But will it actually do something? Cam says he's watching BTC crash and burn. Okay. All right. Then of course Caspa with a little 8% bounce chilies Morpho. I own the tiniest bag of Caspa. I don't know. Some people it's tiny, other people it might be uh bigger. Some people buy like $10 worth of cryptos. I have more than $10 of it, but not not like any kind of crazy amount of Caspo. Uh Velvet is our top loser. It's down 13%. But if our top loser of the day is 13%, that's a pretty good day in the crypto market, especially bottom of the bare market vibes. [music] things can absolutely just kind of fall off a cliff. We do like Block Works here. I'm not in any way, shape, or form sponsored. I don't have

an affiliate link. I don't even think that they charge you money on here. I just I just like it. All right. Is that okay? Is that okay with everybody? And that's just uh if you know, you know. Some people just give people hard times about stuff. They're like, "You just want to push an affiliate link." And it's like, I I don't have any affiliate links that really give me anything anyways. So, if you click on the affiliate link, it's mostly just a quick way [music] to get to the website that I'm talking about without, you know, you having to go Google it and hope you don't click some some link that's [music] going to drain your wallet, right? Anyways, I digress. I digress. The Tai Stew. Okay, so what's good, Strega? What's up, man? Hey, Strega bringing people into

the stream. I love that. Yeah, BTC getting hammered, they say here. Let's pop over. Let's take a look at it real quick before I get into anything else here. I mean, when you look at it on the 4hour chart, doesn't look so bad. Again, in this type of uh market, I stay pretty zoomed out like on the 4 hour. Of course, on the 1 hour, you see it rolling over, but you know, this roll over here, how is it really all that different than that roll over there and that roll over there and this roll over there? You know what I mean? It's it's just rolling over as we get like closer and closer to some kind of reaction [music] here. The 200 on the one hour Monday. It's Monday, right? like who I don't expect a whole lot

on a Monday. I'd be a lot more interested to see what's going on [music] on a Tuesday. It's going up on a Tuesday and I'm going to stay I'm going to stay zoomed out here. Apparently Caspo is getting a little bit of a pump. I mean that's your that's your pump for Casper here. A lower high. So nothing all that crazy. Mega ETH is super low and undervalued. And it might be for good reason. I don't know. But uh me and Melissa are hoping it's going to do something. I bought a tiny bit, like a little tiny bit. I bought like I don't know 50 bucks worth or something like that because of some interesting things. I don't want to get too repetitive. It's it's making more money in revenue than Manad is. So you would think that would

help in some way, shape, or form. I'm I took a little nibble on a couple really small coins. Um [music] I'm not stressing them in any way, shape, or form. Most of them less than $100, but I'm mostly adding to to bigger bags right now in the what is somewhat close to the bottom of a bare market. I still think the actual bottom is going to be a lot more like October, November, December, something like that. network revenues. Let's check it out. And we don't get today. We usually get yesterday, the 28th, yesterday. Uh Tron number one with 647,000. Seems pretty low if you ask me. Hyperlid made less than 100 grand yesterday, but Hyperlid made 637,000 uh the day before that. [music] And then of course, so on and so forth. 1.9 million before that, two million. So

you get the gist. We've talked about that quite a bit. Let's go look at those ETF infunds [music] and oof inflows. Of course, you're not going to get to see today the or even over the weekend because it's an ETF, right? So, the 26th is really the last day that we have here. And then you have individual ETFs. And then the yellow is a multi-asset ETF. And obviously the ones on the bottom here, I can't really scroll over it because if I take my cursor off the bar, then you can't see it. But you can see that it flips there with Polematic ETF having $9 go into [music] it. That's insane. And unis swap having 331 flow out of it. But at the top, we had $109.2 million going into inflowing into hype ETF. and you had $71.8 million

coming out of Ethereum ETF. Where's the BTC ETF? [music] Interesting. There we go. I don't know why that wasn't in our in our [music] set there. 683 million dollars came out of BTC on the 26, which I'm pretty sure was Friday. Blockwork, shout out to Blockwork. It has some really interesting stuff to it. Now, let's get into the the meat of the matter, [music] right? The sauce that we're getting into. The Tai Stew says, "Appreciate the stream, bro." Yeah, absolutely. You are welcome. Uh, haven't seen you in the chat before. I don't know if you're somebody who's normally here on a different a different account or something, but smash that like button and thank you for being here. Welcome to the Underground Crypto Deep Dive Show. Melissa says, "I believe Cass has a hard fork today." Prime Minister says,

"Casper really [music] another hard fork." Yeah, I don't I have no idea what's going on with Caspa. They say so many crazy things about it. I did catch a couple thumbnails. I don't have time to watch everything on, you know, crypto YouTube. I wish I did. It would probably really help what I do on a day-to-day basis. If I could watch all of that stuff, but there's not enough time in a in the world, right? Anyways, um, a lot of people being like, "Oh, what Caspa did today is the most bullish thing ever." I don't know if it is. I don't even know what they did. Apparently, they hardforked. To me, those type of things really matter in what they're trying to do, [music] right? So, I don't know if that's a positive or a negative at all, but

an influencer going to go influence on social media, right? The Tai 2 says, uh, first time making it here. LFG, welcome in, man. I appreciate that. Appreciate you stopping by. We are talking about XLM today because we're really setting up for the conversation of XRP tomorrow. This is really just breaking it in. So hopefully you come back to the stream tomorrow for that [music] uh topic. But let's get into the topic of tonight cuz it's today. Uh Stellar's payment focus [music] is real. Okay, so we're this is this whole segment is factor fiction. So we're starting with what we know to actually be true. Stellar or XLM. I might just say XLM instead. Stellar is the company, right? XLM is a product is not just a random coin with a random narrative. The Stellar network is built around payments,

remittance, asset [music] movement, and financial access. Crossber, right? Stellar describes itself as an open-source blockchain used for payments and remittance [music] applications with projects and applications building on the network. Okay, everything kind of checks [music] out. That is the first reality check here. Knowing what the project actually is, [music] especially according to themselves, not some random person online. There is a real payment focused network here. That is reality. Stellar's payment and remittance focus is real. The myth here that does not automatically mean that every global banking theory about XLM is true. That would be where somebody would stretch it in order to get you hyped up and sell you something, right? XLM is the native asset. [music] But that does not mean every use case creates a huge token demand for XLM. XLM, also called Lumens, is the native

asset of the Stella network. It matters to the network. But online, people sometimes make a huge leap here. They go from XLM is the native asset of Stellar to every institution using Stellar must buy massive amounts of XLM. And those are not the same claim. Those are not the same thing. A network can be useful. A stable coin can move on that network. An app can use the infrastructure. But users still need to ask, does the use case require XLM? Does it create meaningful XLM demand? and does the value acrue to XLM the app the stable coin issuer and the broader network. The reality here is that XLM is part of the stellar network. The myth is that native assets uh does not automatically mean unlimited institutional demand for the actual coin. It's a lot like when we talk

about tokconomics, right? Say there's a project and the project maybe it has great tokconomics, maybe it doesn't, right? But either way, in order for your number to go up here, I'm going to pull this up. And I know this is good for somebody. Somebody's already said it's kind of their first time here. Uh, I just want to break this down real quick. Let's reload this. We might as well actually use XLM, right? Of course, I say that and then now Coin Gecko for some reason [music] doesn't want to load. Very, very weird. Okay, I don't know why Coin Gecko is not working, right? [music] But what I'm trying to say here is tokconomics the amount of money in the market cap divided by the circulating supply or vice versa, right? The circulating supply divided by the amount of money.

And the market cap gives you the price per [music] unit, the price per token. So if you have a coin and you bought $100 and they gave you 10,000 [music] coins, right? If you want those 10,000 coins to be worth more than $100, you need more money to come [music] into the market cap and the circulating supply to stay roughly the same [music] or go down. If it goes up, now you're you're getting watered down. You get the point here. So, what I'm trying to say is that a lot of people, and this goes for a lot of project, this is a little bit of sauce when it comes to crypto IQ in [music] general, right? tokconomics 101 is that a project can be great but most projects have a treasury like a bank account right that is not

the same thing as their market cap so like let's say and I'm just going to use a random example I I do like Zbec Network so I'm not trying to to say anything crazy about them at all but they are very much a real product in the fact of payroll right they they built the thing around payroll you can hire them to do payroll pay and and all that If you're a business person, you'd understand why that's important because you got to pay your employees, right? [music] Well, if they make money off of that monthly, weekly, whatever, yearly subscription to their payroll service like any other payroll company would do, does that money ever actually make it into the market cap of the coin? The answer is probably no. Unless [music] there's some kind of buyback function or some

kind of burn or some kind of setup that would change the tokconomics. What I'm trying to say here because it's relevant to XLM, but it's also relevant to kind of any crypto coin. Let's see if crypto rank wanted. Ah, look, now it wants to work because this would make a heck of a lot more sense for people if they could actually see what I'm talking about. All right, here's your tokconomics for XLM. Just using XLM because that's the coin that we're talking about. But these tokconomics can be applied to anybody, [music] right? So you have the circulating supply here and then you have the market cap here. So you just take this number and you're going to divide this number into it and it's going to give you the price per unit, right? Pretty simple stuff, right? But if

the market cap doesn't go up or the circulating supply doesn't go down, well then you have a problem. The first issue that I take here is your max supply is not set. Remember how I showed Ganosis and it had a set 3 million max supply? This has an infinite max supply. How many coins a year are coming [music] out diluting your value? How many coins per you know uh month per whatever does whatever amount of time doesn't really matter. Now, let's switch our chart into market cap from price, right? And you can see certain things like uh it'd be good if this was such an old coin. It'd be a lot easier to do. Came out in about 2014, actually. I really want the top here of this zoom in. All right, there we go. So, for this first

top where you were at about 15.6 6 billion. And what was your market cap? What was your price? I know I'm going a little deep here. You'll have to just kind [music] of walk with me a little bit. So, we'll flip. I have to zoom in again. So, 15 billion in market cap got you to 87. Okay, makes sense. Now, we'll go back to market cap. That was this first rally. Let's go to the second rally here, which I also can't seem to grab the top of very well. And this perfect top here. This was 16.7 billion. So roughly about the same amount of money. The first top there was about 87. The second top was less. So what do you what are we understanding here? 72 cents. Okay. So with a market cap of about 15 point something

billion, it ran to 87 cents. But with a market cap of 16 something billion, it only ran to 72 cents because there were more coins more coins in circulation that diluted the value no matter the fact that there was actually more money in market cap in the second top there than there was in the first. And that is certainly what I'm trying to explain here. I'm trying to flesh it out in a way that's not that you can grasp and it's not something crazy. Right. All right. Moving along. Moving along. Uh, Prime Minister says, "Use this formula." Okay, we're waiting on the formula. So, here's the online claim and the better question. Stella is used for payments. Well, what payments by who and at what scale, right? That is the real question. Uh, Prime Minister says, "Circulating supply divided

by market cap gives you the price of each token." Isn't that what I just said? But I appreciate you, Prime Minister. I do, but I'm pretty sure that's what I just said. Maybe I said it backwards, but either way, you should get the point. Uh, MoneyGram uses Stella. What exactly is Stellar used their product for? Right. XLM is connected to banks. Is XLM required or is the infrastructure just being used? [music] This ISO 2022 right helps XLM. [music] Is this a messaging standard claim or a token demand claim? Big difference. XLM hit a huge price. What's the actual demand model supports that price? Like basically where we're going with this, the reason why we took a minute to talk about tokconomics [music] is because when you start talking about something hitting a really high number, well then you could

just look at the tokconomics and just understand how much money it would actually take, right? So here, let's do this. the coin perspective, a really good website to do moon math or just a little bit of investigative [music] uh whatever, right? We'll take a coin like let's take a coin like say let's do XRP. Even though we're talking about XLM, I just want to show this because a lot of people say some some stuff, [music] right? Don't even worry about what coin you're kind of comparing it to. Just come right down here for price for XRP. And I just want to show you this because this is how absurd this is, right? [music] Uh let's see. My price target is 50,000. Okay? Because you will hear people say that XRP is going to go to $50,000 a coin. Now,

that might be on the higher echelons of the craziest things that they say, but what I'm trying to say here is look at the amount of money, $3.1 quadrillion dollar in just XRP, right? And then you just ask yourself, how much money is in the entire, you know, globe being circulated in the first place? Is there even that much money that would circulate? You get what I'm saying? Into a coin. But let's use something like XLM because that is what we're talking about. And again, 50,000 of XRP is one of the bigger claims, right? So let's go price target here. And let's say $5, right? That's 196.9 billion, right? That's a lot, especially compared to where it's at. It's 28. It's a 28x, but not in the realms of being necessarily impossible. And again, this is a great website.

You come here and you say XLM $10. How much money would it need? $339.9 billion. Still not an impossible number if banks and things were really using it. It's not actually all that crazy, but that's still getting up there in the top echelons. It's a 56x from where we are as well. So if you want like a,000x right on on Stella Lumen, you know, you're you're looking at price points over $100. That becomes kind of well in I don't want to say impossible, very highly unrealistic. I just want to point that out. Oh, I thought you were trying to figure out the price. Maybe I misunderstood. Uh well, if you misunderstood, hopefully I didn't say it in any way that uh other people would also misunderstand it. But what I'm saying here is you have a circulating supply. I

like Coin Gecko because it gives [music] it in this format, circulating supply. And if you divide that circulating supply by the market cap, you will get the price per unit, per token, per asset, per whatever you want to call it, one individual coin. Very important to know when you're like speculating on a coin. Again, a big part of raising your crypto IQ is a hope and a dream that it makes you a better speculator in the market, but I never give financial advice. Moneygram and Stellar is a real use case here. All right? And I believe there's a lot of hype even recently about this. This is one of the strongest reality points in the XLM conversation. This is usually where they start from, right? when they go to sell a big stretch, they start from, you ever hear

somebody say like a really good lie has a truth in it. Well, whether they're intentionally misleading or not, any any really good crazy claim has some hint of truth to where they started in the foundation of what they're saying. So Stellar's Moneygram access page says wallet apps can enable users to convert physical cash into digital dollars and back using Stellar's USDC even without a bank account which we know that to be very possible through uh DeFi, right? Web 3. The claims where they're like without a bank account. It's like, yeah, that's that's uh that's blockchain technology for you. Struggart says, I look at the liquidity pool. Okay. Uh, Prime Minister says, "Yeah, you got it, Eugene. My mistake." No worries, man. No stress at all. I appreciate you being here. Money Graham's own developer documentation for MoneyGram Rams describes

deposit and withdraw flows involving USDC, including cash pickup steps for withdrawals. That matters because it connects cash wallet USDC payment infrastructure and real world access points on and off ramp. Right? The reality is moneygram related stellar payments and ramp infrastructure is real and usable. The myth is that it does not prove the whole remittance industry must run through XLM. Another way to say this is somebody would say, "Hey guys, look, Moneygram and it's got these uh payments and it's on an off-ramp and the infrastructure it's real. Look, I can show you a website. that can show you >> [music] >> uh that it's a real thing and that means all remittance is going to run through XLM. And you see how they just jump to something absolutely crazy just because they can prove on a website something basic and

fundamental. Just really want to point that out because a lot of people surprisingly to me they can't catch those connections when when somebody's showing something in real time, [music] right? Where they jump to something crazy from something that is actually true. MGUSD strengthens the stablecoin payment narrative. Moneygram announced MGUSD. The takeaway here is that's MoneyGram's [music] own stable coin. A dollar peg stablecoin deployed on Stellar's uh XLM network at launch. It announces MGUSD is issued by a bridge using an M0 smart contract infrastructure for minting and burning and uses Fireblocks wallet in the MoneyGram app that supports the reality side of the story. Stellar is not an [music] old payment narrative. It's still part of the current stable coin infrastructure conversion even though it's been around since like 2014. Smash that like button for me if you're just jumping

in. Welcome to Underground Crypto. But again, this does not automatically prove that every token's price claim. A stable coin launching on Stellar supports the idea that Stellar can be useful as a payment infrastructure. That part is reality. It does not automatically prove that XLM captures all the value of every transaction. Most people should be able to deduce that, [music] right? That that doesn't imply that they're going to eat up a huge chunk of the market. The reality is MGUSD on Stellar supports Stellar payment infrastructure story. Speculation is how much that directly benefits XLM as a token is a completely separate question that you would need answers to. Stellar has real humanitarian payment examples. Let's see where we're at. Uh yeah, that works too. A lot of data over there talking about the pool liquidity pool. Prime Minister member is

watching you from their hotel room on big TV. UG you famous. I seen it in Discord. Hey, that's awesome. I love that. Shout out to whoever's doing that. It's probably still nasty or somebody like that. [music] Uh Stellar has a real humanitarian payment example, right? where we're going next because this is also uh a widely talked about narrative here. Stella has also been connected to humanitarian aid distribution. Why? Because they have crossber payments and humanitarian aid is usually needed in places where banking infrastructure can be a little little shaky to say the least. Right. Stellar's UNHCR case study says Stellar's aid assists use in Stellar distribution platform to distribute funds [music] and monitor those distributions on Stellar. It also says UNHCR can deliver aid in USDC on Stellar. So basically we're using the power of blockchain. It's transparency to

use humanitarian aid. It's been choose chosen by this UNHCR, right? And basically they can look back and they can see who got the money and what they used it for in all technicalities, right? UNHCR also announces a pilot in Ukraine using blockchain technology powered by Stellar to reach people [music] in need and speed with accountability. We can get the money there fast and we can actually see who received the money at some point. if they offramped it [music] into cash or something like you're not going to know what they did but you can at least see who took it right for the most part and it's up to the networks to actually know whose wallet belongs to who and who they're sending it to that is a different topic altogether and I don't want to go that deep into

it but this is a popular narrative that is an important example because it shows a real world use case beyond trading and we already knew that you can move the money around the world so it's not crazy [music] stellar has a real aid in distribution example and XRP and others could probably do the exact same [music] thing. A real humanitarian The myth though is that a real humanitarian use case does not prove every global financial theory about XLM, which is where they would take that. Plague Dog says, "You got me." Hey, see, and I did that right off the top of my head. I I I know who's out there traveling. Uh Stellar focuses on payments. Reality. Moneygram has Stellar related USDC ramps. Reality. We're just recapping here, right? MGUSD launched on Stellar. That's reality. Stellar has humanitarian aid

examples. Reality. XLM could benefit if Stellar usage grows. Completely speculation. ISO 2022 means banks must buy XLM. Myth or technically unsupported, unknown, whatever you want to say. We're just going to call it a [music] myth. XLM is guaranteed to replace global banking. That is a myth. XOM is guaranteed massive price target. Also a myth. ISO 2022 is one of the biggest myth engines. I finally said it right. I don't know what happened when I started the stream. I just forgot it even though said it for years. You don't hear about it as much as you once did. This used to be an everywhere all the time narrative. ISO 2022 comes up with constantly with XLM, XRP, XDC, HAR, and Algarand. And we've heard this narrative for a long time. If you've been around in crypto for at least 3,

four, five years, the other so-called utility coins, but users need to be careful here because ISO 202022, now I'm psyching myself out, is a financial messaging standard. It's a financial messaging standard. Okay, hopefully made that really, really clear here. It's not magic crypto adoption switch. It does not mean a coin is officially chosen by the banking system. It does not mean banks are required to buy XLM or XRP or anything XDC. It doesn't mean that, right? Hacken explains that ISO 2022 does not apply to coins or blockchains. It defines data messaging formats between financial institutions. Again it is a messaging standard between financial institutions. It basically says hey when you send your your [music] messaging it needs to be in this format. This is the accepted format standardizing the [music] messaging across what banking the world whatever you want

to say. Uh let's see CCN's crypto compliance explainer similarly says that there are no official certified SO22 coins and calls that label a marketing shortcut rather than a technical fact. So they've slapped it on that they're compliant with or certified with this ISO 2022 when that's not necessarily true that anybody is certified. So the 2022 ISO is real. The myth though is it doesn't mean officially chosen cryptocoin. Doesn't mean if [music] they have that narrative that they are suddenly in the in the winners's club. Partnerships are not the same as guaranteed token demand. Ding ding ding. Right? You can have a partnership. Doesn't mean that there's a demand for the token yet. Speculation would be that somehow it gets to that point. Right? And this is one of the most important lessons of this stream. A partnership can be

real. Products can be real. Networks [music] integration can be real. A stable coin launch could also be real. And token demand a separate question altogether. This is why I was trying to talk about a project comes out, they do something really cool. They have a product even they sell. So you can understand how the the project or foundation of is going to make money. and you think, "Oh, they're going to make money and so that means money is going to go into the market cap." It's really easy to draw that conclusion when you haven't been in crypto for very long. [music] But just like any company or business, they have a treasury, they have like a bank account, probably both. And the money that they're making from their product is in no way directly going into the market cap.

Unless they have things in their white paper or things that they've said and they consistently actually do like they could do a monthly buyback of, you know, like this is just an example. Any product could say, "Hey, we we're going to take 10% of the money that we make and we're going to buy back and burn." That would be very helpful to the price of the token. or they could just take all the money, stuff it in their treasury and and pay themselves because it's a business and never do anything for the coin. We see that a lot as well. So token demand is a separate question from XLM. The key question here is, is XLM actually required? And you could replace XLM with just about anything, but specifically in these crossber payment type narratives, HAR, XRP, ALGO, XLM,

XDC, you can pretty much just replace whatever token here. Is the actual coin required? Is the actual coin being held? Is [music] the actual coin ever being burned? Is the actual coin being used for fees only? Is the volume meaningful? like is there actually demand being built? Does the value go straight into XLM or coin insert coin right sellers infrastructure the app or stablecoin issuer? This is where many online narratives get really sloppy. They take a real partnership and treat it like a guaranteed price action. That's not analysis. That's a shortcut. And honestly, it's a lot of times over speculation and a lot of times it's [music] highly dishonest by the people who are doing it. They know that what they're saying is not solid reasoning. Reality partnership and integration does matter, but it doesn't automatically create massive token

demand. Uh, I really hope somebody's really digging what we're saying here because if you somebody who's who's fallen into one of those groups about XLM or XRP, this is exactly for you or any of them. Algoran, XDC. The honest conclusion, XLM is a real utility mixed with internet mythology. This is a fair conclusion. XLM is not nothing, but it's also not the biggest hype in crossber payment. There are real payments, stable coins, cash access, and aid distribution examples. But the internet often takes those real facts and stretches them into extreme conclusions. That is why XLM is perfect for this first episode of Factor Fiction. I'm glad that it that it agrees with me. It teaches the whole framework for the week, right? And that is what we're going to get into. You know, this really sets up this factor

fiction narrative. And I think it's going to be a lot of fun for a series. We don't want to dismiss everything. We don't want to believe everything. We want to separate it into layers. Reality on one side, myth on the other, and just speculation in the middle. And the final tech takeaway, right, to wrap all of it up, make it real simple. XLM has a real payment utility, but utility does not mean every viral claim about it is suddenly a fact. How's everybody doing out there? I hope that you received that. Well, [music] smash that like button. True facts, bro. You got to really be researching these projects and their motives. Exactly. From the projects to the influencers and they can change. You know what starts off as great can change leadership and go ary very very very quickly.

It is the wild wild west right of finance of decentralized finance of blockchain technology. It's a new emerging asset class. Like don't expect it's like panning for gold in the 1800s in California. Like everybody's rushing to get over there. Some are going to make it, some won't. Some will make fortunes, some won't. Uh some people will have a hope and a dream. and not make it all the way to the gold mining. You get the You get the scenario. I don't know why I'm like slightly off today even though I'm super amped. I'm going to blame too much preworkout. Probably too much preworkout as I'm still drinking pre-workout for the workout I'm going to do after this show. And remember, I do this research for myself as well. Just going to take a minute to say thank you for

all the people who support this channel. And uh a big part of what we're doing here, of course, raising that crypto IQ so we can be better speculators. But I created this channel also to hold myself accountable. I want to say first of all, I was doing research like this every day in my room by myself for hours, two, three, four, five hours. And I was like, "All right, I have nobody to share this with. I need people to talk with this stuff about to bounce ideas, people to tell me, "Hey, that's not realistic." Or, "Hey, that's spot on. I think that's a great idea." So, that's where the free Discord that should be linked in the chat, but of course, I forgot to do it, so I'm doing it right now. All right, let's link that Discord in

the chat pin message. There it is. Now it's linked in the chat. That's where that really comes in, right? And [music] so that's our community side of things where we try to share everything that we follow. So I really encourage people talk about what you're into. Talk about what what makes you tick, how you got into crypto. I love to hear people's origin stories, what you're doing today, what you're super into. Do you love, you know, nothing but pumpf fun memes? Uh, do you have an interest in, I don't know, anything in the market, right? From meme coins to, I don't know, maybe you really love metaverse. Maybe you're like me and you have a little bit of a knack for DeFi gaming. What are you into? Let us know so that we can begin to really get to

know everybody and know where they stand. So that when one of us has an idea, a thought, like maybe I'm normally in the meme coins, but then I see some, you know, highly institutional coin come out. I'm going to know in the group who I can go talk to about it and who that is their stuff. So it's really important that we continue to get to know each other in the spirit of even networking, right? Of course, friendships and all of those things are great, but just knowing who's into what. So, please, I'd like to see more people with origin stories of how they got into crypto, what they're into, what they really like to study, so we can know when we find information, who we should give it to, and when we're looking for certain things, who we

should talk about. That's first and foremost. But, of course, I started this to keep myself accountable to daily doing research. So, if I do a live stream six days a week and I have different topics, I have learned so much about crypto. I've brided tons of gaps that I didn't know about. I still have really highly technical topics I'd like to dig into that I think might scare some of you guys like fully homamorphic encryption, zero knowledge proofs and rollups and how zero knowledge uh technology actually works. X42 protocol, right? [music] There's a lot of places that we could go there, but we'll take it one step at a time and I'll do my best to make it easy to understand and digestible. I don't know why I really felt like I needed to say all that, but I

really wanted to remind everybody for the new people that that is really where we are here and why I'm here. Uh, let's see. Prime Minister says, "No worries, man. You're doing fine." Yeah, it's good. We call We all share input and have different info to share that can benefit each other. Exactly. The the world of crypto is too big. to really be on top of something, you got to be kind of really niched in, right? And although I do my best and I have certain things that I'm a little more niched in than others, I'm kind of more the the collector of people and bringing us all together under one tent. And of course, trying to help make sure that especially basic things like tokconomics like you understand before you hop in and throw a bunch of money at

the wall and potentially lose it. We call that the cost of tuition here in crypto, right? Cryptography is my passion [music] in math. We also got a lot of talking to do. There we go. See, I love that kind of stuff. [music] And uh it it's a fact, right? most people, you know, another big part of this channel and and more [music] and more as we grow, you're going to see it, is the will to better oneself, whatever you want to call it, the best version of yourself or personal development. I I tend to lean more towards like personal development. I'm on chainers if you don't know, link in the description. Um, but some people are terrified of learning and I find that it mostly comes and teaching literally in the bottom of a bare market. Crypto education, it's

not the easiest game. I'm not here because I have an affiliate link that's making me millions of dollars. All right? Because >> [music] >> uh most people are terrified of learning because they have low confidence. So that's one way to say it. Another way to say it is people find themselves in crypto because they believe through some realm or another that they could change their life financially through crypto assets. Maybe they know somebody well who's done that in the past, right? And they want to get a little bit of a piece of the pie. Well, that kind of is a is a right in line with personal development, right? It's kind of like you got to be the best version of yourself to get in here and know what you're talking about and not just throw money at stuff

and hope that it works out. Does it sometimes work out? Yes. Does it always work out most of the time? No. And a lot of people want to skip that. They have they build an entire portfolio of random purchases and then they learn about the four-year cycle and then they learn about tokconomics, right? So, what do you think influenced them to buy the things that they have in their portfolio? What other people said online? that's probably not going to be a highly profitable portfolio. And of course, I don't promise any highly profitable anything. And yes, this is towards the end of the stream here. We've covered all that we were going to do. It's Monday. I'm glad to be with my people, and I'm just talking to you. So, feel free to give me your thoughts and opinions, of

course, here in this part of the show. Yep. We live and learn. You [music] can never know too much. I love learning new things from different perspectives. Exactly. And to get a little bit back on track, my point was if you feel yourself kind of tune out whenever we start talking in some detail about any [music] topic of any series of any week, just know that there's somewhere, most likely, I'll disclaim it by saying most likely, somewhere there where you're lacking some self-confidence, which is no big deal. But don't let it stop you. Push through and develop the ability to learn new things, even if they seem outside of where you believe you're able to understand. And you will be super surprised. You know, like a lot of people who I often talk about, you know, in real life

because for whatever reason they know I'm into crypto or they know this. It's so funny. You start talking and they like They rather don't say anything or they interrupt you immediately. It's a lot of words that you don't recognize like interoperability, right? And then even terms like zero knowledge, fully homamorphic encryption, and you could go down the list of tons of different other terms, but like it's like anything like when you were in school, you learn some definitions. Once you learn some definitions, now you're going to understand what you're reading. A lot of things are abbreviated like EVM, Ethereum virtual machine. What the heck does that really mean? Just means a compatibility language. It's solidity if if that matters. But for code and developers to write in so that things work standardly across the networks, right? You can't have

somebody write in Python and then think that they're going to throw that onto, you know, the sweet ecosystem and it's going to be a functioning app. Now, a developer would would probably know that, right? But anyways, my point is a lot of times just definitions and stuff, a lot of times it's not nearly as complicated as I made the example highly complicated, but it's not usually as complicated as you think it is. Just saying this, trying to encourage somebody out there who maybe likes the show, comes to the show, and then we hit the part where we actually start talking about something and they kind of just tune out. They don't really even try to learn because they already believe that they can't learn. That, you know, is to me kind of sad, right? Because I believe all people

are capable of processing information in their brain. And I'm going to leave it at that. There's a lot of other places that I could go there, but you know, oh, pick yourself up by the bootstraps kind of thing. Thank you for coming to the show. Let's see. The Tai Stew says, "I got into crypto a long time ago, paid my tuition and got in early in RWA coins in deepen mining and the crypto world opened up [music] after that." Exactly. So, it sounds like you got in and you got focused into a specific niche, right? And then you uh you really took the time to educate yourself and learn. And of course, if you have highly specialized knowledge, as I can tell, Prime Minister does, and the Tai Stew, I'm just going to call you Ty Stew. U he

seems to probably have some as well. We always welcome, especially if we're doing a topic that aligns. Pipe up, say what you want to say, talk to us in the Discord, let us know what you're into, man. It it really it goes a long way. I hope nobody's scared to, you know, say what they want to say in that Discord. And it's free right now. I want to say that as well. It's free right now. Uh, [music] at first my day ones will always be grandfathered in and later down the line you'll just have a really good deal. It will become a paid Discord at some point, but it could be multiple years in the future. But I'm just saying you might want to grab a spot in that Discord now. Uh, let's see. Struggart says, "Thanks again. Nice.

I got back in 2021 during the NFT craze. That was my start." Yeah, that was a that was a fun time. NFTTS don't hear much about them anymore, do we? Even though I think that there's a place for NFTTS. I really, really do. But I think it's like concert tickets and, you know, your health information that can [music] just easily be ported in finance, you know, health documents, stuff like that, I think is where NFTts are really going to shine in the future. Says, "Thanks again. Looking forward to being here tomorrow." Hey, I'm looking forward to you being here tomorrow, too. I'll be looking out for you. I I I have a knack [music] for looking for people's like names in here. So, I know who's not here. Like Blu's Guy, where's Blues Guy? I know he's busy. I

actually know where Blu's Guy is. So, I'm not trying to throw any shade on him. I know what's up. But, um, you know, I notice when people aren't here. Prime Minister says, "Yeah, I remember I was one of the first members. UG has came so far." Hey, I appreciate you saying that, Prime Minister. Yeah, I remember when you used to come in. You're the one who gave us Panzer Dogs and we still play it from time to time even though we all know Panzer Dog is not going to amount to anything. It's actually fun to play. I throw a round in there. I like to open a DeFi Friday with like one round of Panzer Dogs, right? And uh to many more. No, you're right, Eugi. That is what NFTTS are being used for mostly. Yeah, and it makes

sense. I mean to a big problem, you go to another doctor and I don't go to doctors. So, I just know this from being around many people who work in the industry. Um, [music] you know, and then you got to have all your information moved over. A lot of times they do a sloppy job. They leave information out. If you had an NFT, bang, you'd have it right there. Your doctor would be able to see everything. Again, I apologize that I'm like wrapping [music] up the team like or wrapping up the stream like eight times before I actually do it. Yeah. I'm so sad Panzer Dog team shut down. I know. And what what makes them do that, right? Like, what makes them build this and then it's actually decent decently fun to play? Like, there should be tournaments

and rounds and and they they just don't have enough vision to see that. Just want to run off with a little bit of money when they could have just been steadily making a lot of money all the time. Very narrowsighted. It makes you think that they had the plan of kind of duping everybody from the get-go, right? Yeah. Good times in those NFT days. It was It was I bought some NFTts. I still hold them somewhere. Uh they they'll never be worth anything. I never paid no millions of dollars for NFTts, though. So, I can sleep good at night. You know what I'm saying? Some people really got just what I want to call molly wpped uh by that NFT market. people with money who did not know what they were talking about or doing [music] buying board ape

yacht clubs for millions and millions of dollars. Uh I hope that works out 20 years from now. That one's going to be a long game, right? And don't get me wrong, I know that it gave you exposure to, you know, big celebrities and stuff like [music] that. If you had a million dollar or I guess a billion dollar idea that you wanted to shill to somebody in a telegram group because you bought a board a yacht club, then good on you. I [music] hope it worked out. And I guess I decided I'm going to play around a panther dog before I hop off. So I didn't want to cut everybody off in that conversation. I still got my own personal goals that I got to hit for tonight. I got to get that that workout in. And I'm also

exhausted if you guys couldn't tell. That's It must be why I was off. I'm exhausted and I've drank too much pre-workout. The transparency you get on this channel unmatched. But I really like the series this week. I hope you guys enjoy it and I'm really looking forward to tomorrow's show. So, I'm going to make sure that uh I'm well rested for that one. Why can't I hit this guy? O, I definitely need to run. All right, that's it. That's the round. Yep. NFTTS wrecked a [music] lot of weight buyers. Oh, yeah, they did. They sure did. All right, guys. Stay underground. Stay crypto. Thank you for coming to the stream. It's Monday. [music] I hope you enjoyed it. All of those fun things. Think long term. Underground crypto out. Stay blessed and uh [music] catch you in the Discord.