DeFi Exploits Explained: 5 Ways Protocols Get Drained | Daily Crypto IQ

I never knew. [music] I never knew. [music] >> [music] [music] >> Hey, hey, hey. [music] >> [music] [music] >> I think that we is holding on to something. >> The one girl [music] >> [music] >> Heat. Heat. I think that we're just holding on to something. I think that we're just holding on to something. Just tell me what's going on. [music] >> [music] >> Hey, hey, hey. I think that we just holding on to something. I think that we're just holding on to something. Just tell me what's [music] >> [music] [music] >> Let's go. Welcome to the Underground Crypto Deep Dive Show. Let me get myself on the screen. Why do I feel like there's something Why do I feel like there's something off of my lighting here? All right. Anyways, that's because there is something off of my

lighting. Let me fix that real quick. One second, everybody. Okay. And I'm back. I I think it's better. I don't really know. Look at those candles go. And this is a 4hour chart here. Let's zoom into it. Let's really make it make it big here. So, I'm going to pull from the impulse to the top. 15%. I mean, 15% for Bitcoin is a big move. like 15% for a memecoin is kind of every day most of the days anyway depending on the meme coin but 15% or more for BTC in like 2 days that is huge and it just kept going you know we went about to 70,000 here and then we've kept going all the way to 73,9 let's call it almost 74,000 that's pretty incredible if you ask me look at this thing on the hourly chart

on the 15minute. You see, we kind of went sideways. Look at this. Price action went up and [music] then it went sideways until that 21 came up and then it pumped and then it did the same thing and kind of the pumps got smaller and smaller and [music] then boom. Kind of the same thing over and over. How are all my undergrounders doing tonight? How is everybody in the chat? Let's see who we got going on in the chat here. We got Struggart. Welcome in, Struggart. Thank you for always being here. Here we got uh Melissa, thank you for always being here. Of course, Prime Minister, we so back, guys. Let's go. And the Blues Guy says, "Greetings, gratitude, guys. Great to see you. Who's getting paid? Let's go undergrounders." Yep. It is a good time to be in

this market right now. And another thing that's interesting is I pointed out this shoulder, head shoulder, and the measured move of that would be this yellow line, right? Cuz if I move it around, you'll see that it is kind of top to bottom there. And then we move it to the neckline. And I said, you know, that'll probably get you to about 65 something. And then you have this high volume node. If I include some candles here for the BRVP to grab, you got this high volume node up here. And that area is, you know, like 77,500ish, maybe a little higher, maybe a little lower. So, since we're so close to that node, even though this measured move falls a little bit short of that high node, there's a good chance you roll right into it. So, we'll see.

And the more things pump uncontrollably, the more bullish people get. At some point, we rather have to go sideways, right? and really kind of flag out and let this 21 come up into price action or we're gonna drastically come down to that 21 relatively quickly. Let's do our intro real quick so we can get into those crypto bubbles. I'm so glad that everybody chose to join me today. I hope everybody's having a good Thursday. I'm ready to kick off this stream. I'm ready to be bullish again in crypto. It's been bare market for too long, but pump the brakes. I don't know that we are completely out of any bare market scenario but it's looking good. It's looking good, but we got to hold up under the pressure, right? Uh, Prime Minister says, "This is how it happens every

time. People are scared and bearish and the market goes boom. We had months to load up on cheap, right?" And then they then they tell you two, three years later that you were lucky. And it's like, "No, I was just here when everybody left. I wasn't lucky. I was just paying attention when everybody stopped paying attention." I don't know if anybody's figured this out yet. When the normal everyday retail person is completely checked out, completely bearish, that's when all the smart money loads up and flips the script. And know just like last time, everybody was saying they were going to get BTC at 10,000. Everybody said, "Wait till it hits 8,000. That's going to be the moment to load up." And you only got to 15,000 and you never got any lower. My point is that BTC almost never

plays ball with whatever the sentiment is. Whatever majority of people are saying like, "Oh, it's going to go to 45,000. Oh, it's going to go to 40,000 and that's where I'm going to load up." Most of those people never get in the market until it's at 90,000. And then they're like, "Okay, now I'm finally sure that it's not going to go to 40,000 now that it's at 90." And then they load up at 90 and it dips 20% because we were on a huge pump to get to 90. Then it dumps 20, 30, 40% and then they sell out a lot. It's just like couldn't be any more backwards. And that is why you need to raise your crypto IQ. He says, "So bro," he says, "So true, bro. You were lucky." Yeah, right. They don't know the pain

of the bare market when they tell you that they're lucky. They just don't know. Says, "That's what's up." Or he says, "That sideline people say." Exactly. Luck favored the prepared. Exactly. It's all about preparation and education. This week we have already looked at whether you can trust the device protecting your keys and what wallet is really asking you when you go to sign for something and how leaked personal information can become part of a crypto attack. Tonight we move one layer deeper, the protocol itself. When millions of dollars leave a D5 protocol, the headline normally says it was hacked. That one word can hide five completely different events into one word. It's oversimplified. The contract may contain a code defect. An attacker may gain administrative authority. A protocol may trust a price that can be manipulated. A bridge may

accept invalid messages. And governance may approve something destructive under its own rules, like we saw for Bonk recently. The blockchain does not necessarily stop working during any of this. In many cases, it processes every transaction correctly. The failure is that the application accepted a dangerous state as legitimate. By the end of this of tonight's lesson, right, education, you should be able to look past the headline and identify the actual security assumption that failed. This is powerful stuff. You hear that something was hacked, there was a bridge failure, whatever. You should be able to take a brief reading of the actual article facts of the article and then actually understand what's going on and not necessarily just be led by, you know, whatever it's trying to lead you with with the title because that's what FUD is, right? All right.

So, let's let's let's deep dive this just for a little bit before we get to those crypto bubbles, right? So reportedly approximately 1.3 billion in losses across uh web 3 security incidents and there apparently 344 web 3 security incidents during the first half of 2026. That's just the first half of 2026. Code vulnerabilities produced the largest number of incidents with 204 incidents while wallet compromise caused the greater dollar loss. So code vulnerabilities where the larger number of actual incidents but wallet compromises was the greatest amount of actual US dollar lost. That distinction supports tonight's central [music] lesson. Frequency, right? Severity and root cause are three different measurements that we can look at when it comes to a security. And security to me is a big deal. That's why I chose to do this this week because hopefully we're going

to get to moving in the right direction here in the market up and to the right. [music] And if you don't have any thought for your security, the the links that you're clicking on, like there's a lot of bad things that can happen. I'm not trying to freak anybody out. Just trying to raise your crypto IQ. So you could be the best, you know, speculator in the market that you can be and you might do a great job of speculating, but if you lose it all because you click on a link that drains your wallet, then it doesn't really matter much, does it? So a useful recent example is the July Allbridge core incident. [music] According to the project's um own post here, the attacker used a flash loan while exploiting its Salana pool swap logic. Somebody found a

flaw. Repeated same asset swaps pushed internal accounting away from reality. While a uh permissively configured imbalance safeguard allowed the distortion to grow. The flash loan supplied temporary capital and the vulnerable accounting and validation rules created the opportunity. Two larger 2026 in incidents demonstrated entirely different paths though. Hopefully you guys are able to follow me on this a little bit. We're going to get to the cryptobubbles in just a minute. So chain analysis reported that Kelp Dow bridge incident involved compromised off-chain infrastructure and the onchain messages and signatures appeared to be valid. Its analysis of drift, so remember when drift had all these problems, right? describes attackers obtaining legitimate pre-signed transactions and transferred administrative control after which manipulated collateral could be approved. These were not ordinary public functioning code, you know, code bugs even though ultimate losses occurred on chain.

And of course, our code of the day, any fool can write code that a computer can understand. Good programmers write code that humans can understand. And this comes from a gentleman named Martin Fowl Fowler. Fowler, I don't know how to say last names most of the time. Connection to tonight's lesson. Why is that important? Because complicated code is hard to review, but complicated authority, bridge architecture, governance, and economic dependencies can be equally difficult to understand. And I feel like this intro has been a little long- winded, [music] right? So, we're going to go ahead and get to the cryptobubbles. I'm going to cut that and we're going to come back to it here shortly because I like to break it up a little bit. Let's get you guys over to the crypto bubbles. You can see what I see.

Let's go. And there is a lot of green. First thing I obviously want to do is toggle that 1 through 1,000. It looks great. I was a little bit worried that maybe we were going to have a huge dump after that huge pump. It would have been totally called for back to the 21 on the higher time frames. It wouldn't have been uncalled for, but there's always that slim possibility that we keep pumping and we did. So, [music] that's good. I just want to see us hold up. All right. I just want to see us, even if we dip a little, I want to see us hold some respectable support and resistance, go sideways, flag out on a higher time frame, and then continue to move up and to the right. Sunny Little Tree says, "Pick up on the

gains, y'all." Exactly. You know, we all are are really when it comes to people in crypto, we're really like very bullish on each other and hope that everybody wins most of the time except for the the the scammers out there, okay? They just want to take everybody's money. But aside from them, the and again, most of those scammers are not crypto people. They're just scammers. [music] My point is, I hope everybody is enjoying this pump. Even if we turn a little bit sideways or bearish for a week or something like that while the rest of the market kind of catches up, we get a little bit of a cool off. People hate to hear that. It's the best thing that could happen. All right. Uh let's see. We got Gig Gaming TV. We're all going to make it. Ah,

everybody's coming out the woodworks today. What's up? This is kind of what I expected everybody to show up yesterday, but I guess news hadn't hit all the corners of the world yet or something. Uh, we consolidated for months. I think we're going to break out soon. I sure hope so, and I'm here for it. I'm positioned as [music] if we could break out at any point. It's one of the beautiful things about like not trying to catch the perfect bottom. We I don't know what to say. You know, we we've done series on portfolios and the bottom and how to know the bottom and who's in control of CR. We've done so many of these educational series, guys, where [music] I was trying to really convey to people without, you know, conveying to people what I'm doing and why

I think it's a good choice. Not trying to catch the perfect bottom with a bunch of money to deploy, but to slowly eat up these bottom numbers because at some point it's going to turn around and break out and you're most likely not going to expect it. And then here we are. Here we are. Now, with that being said, it doesn't mean that we're not going to see a lower price for Bitcoin. And people who are newer be like, "What do you mean? We just pumped like crazy. Welcome to cryptocurrency and this uh, you know, crypto asset class." We can still see a lower low in like October for Bitcoin. And it doesn't mean that we will, though. We don't know. Anybody who tells you they know where the market's going, I mean, they're rather one of the top

01% of people in the world who just have, you [music] know, insane government level connections. Most likely not, or they just they're just full of themselves and they think they [music] know where things going to go and they don't. What's up, JDub? Welcome in. Welcome in. Uh good to see some people come through that came in during the uh you know Pulseex, Eex and Richard Hart series that we did that whole ecosystem. Glad to see you guys return to the channel and say what's up. Means a lot to me. Uh Prime Minister says lots of new people. Uh actually they're they're newer but they're not new. They came in during the the Why am I not getting the Hex? I keep wanting to say Eex Hex Pulsechain. Pulseex Richard Hart series that we did. They're they're big fans of

that ecosystem. That's when they kind of found the channel. Anyways, let me not get too long-winded here. It's PulseChain season, boys. Get used to it. Hey, JD. I like I was saying, I want everybody to win. I like Pulsechain. I even like Richard Hart. As much as I do still love Charles and I like Cardono and a lot of things that they're doing and I understand why Cardono is not getting a ton of hype and Pulsechain probably will. [music] It is all marketing. It is all part of the game. It's our season. Oh yeah, guys. I hope you guys are winning. I hope you guys are well positioned. My whole point in my little getting off track here was that I [music] hope everybody understood the mission. I even said, "Hey guys, I stopped perpetual trading and I'm just

buying long-term [music] bags. You know, I'm just building long-term spot bags." All right, so everybody does what they want with their own money, though. Everybody's responsible for what they do. Never financial advice here. Anyways, look at these green numbers here and 5% is a pretty big percentage across a lot of this, but let's take a look at it. So, pumpf fun 23.8% things pumping over on pump.f fun. Pump. Fun is pumping. Uh, we have Athena, right? A good but old project here. 25.5% to the upside. These are some nice moves. Even XRP coming in at a$126 and went as high as a $135. If you followed XRP price, that's a pretty good move for XRP. There's a lot of times like XRP kind of tends to move on its own accord. There's a lot of times that like other

things move and XRP doesn't XRP will move when everything else is not moving. So, it's nice to see it kind of move with the whole market. Maybe we could get used to that. Says, "Y'all eating over there or what? I'm thinking of going over there. And I've always liked Richard Hart. He he speaks the truth. I agree with that. It's what I've liked about [music] him. And people don't like that. Yep. And Prime Minister is certainly one of those people who would know better than most. So I know why where the market is going. Nowhere in my pockets. That's so funny, Melissa. Well done. Uh we got Cardano on PulseChain. Something for everyone, you know. Hey, that's a good point, JDub. It really is. the way that he strategically kind of made a a fork of Ethereum kind of

works in that regard. We even got XRP on PulseChain. Exactly. Don't forget to pump up those like buttons. It would truly be appreciated. Yeah, everybody smash the like button for me if you love this show. And to all my people who supported me during the slower bare market times, we're about to get litty lit during the bull market. Now, is the bull market in full swing? It could be. This could be a moment we remember as this was the beginning of the bull market or there might be some messing around for a couple of months and then we really really get off to the races. Either way, I'm going be here doing this live stream. So, I just want to say shout out to all the undergrounders. There is a free link to my free Discord if you've never

joined it before as I like in the background try to go pin it because I forgot to pin it. Forgive me. But it's pinned in the chat here in five, four, three, two, one. There it is. All right. And feel free to click that. Go to our free Discord. That's where we're hanging out when we're not streaming. I'd love to see even more activity and more people over there. And I think as uh crypto gets more bullish, we'll bring more people in. Another thing I want to say is to all my undergrounders who I've been trying to do my best to uh raise your crypto IQ, we're going to have a lot of people come in who maybe don't really know a lot about crypto. They're new. Let's be patient with people. They might have maybe some weird ideas

from other places on the internet that they've been and other people that they're listening to. If somebody's saying something and you think they're wrong, just try to politely give them another opinion, right? Just try to politely, you know, say what you believe to be true or something, let's not attack each other. I just want to say that cuz it's happened before. Like we don't need to attack each other over ideas. It's like it's like trading. Like there's a lot of different ways to trade, right? Anyways, I won't harp on that. Manad, here you go, Melissa. Manad is up 18%. Yeah, Prime Minister was just saying Manad up 18%. I own a little bit of Manad, I'm pretty sure. I hear when XRP to a,000 guys, I'm I'm with that. Uh I love all the high numbers that they give

for XRP and stuff, I'm with it cuz I got a bag. So, if they want to run it to $50,000 a coin, even if I think that is absolutely absurd, I'm here for it. Don't get me wrong. For the love of God, if I see ETH and BTC go sideways for a month again, oh, JDub, he says, I can't take it no more. JDub says they need to just move in the right direction. And that's you're you're not alone in that sentiment. There is a lot of people who feel that way. Just so much green. I'm just trying to grab the biggest bubbles here. Let's drop down two to 300. OMG ontology gas. I don't know what this thing is. This thing This thing sounds like it's very old. I mean, it's over a year old. It's been, you

know, like so many things, way down and it just got a huge pump. And you're just going to see this, I think, with a lot of pro. You're going to see the I think as long as BTC can stay up and not dump hard, you're going to see the money rotation. We might even get little little tiny bursts of altcoin seasons and stuff like that. Um, what was it? The the creator of Robin Hood, you know, who launched Robin Hood. I think he was on the news the other day or today talking about, you know, we're on the cuff of a super cycle. Let's go make my positions that I've been building for a hot minute look like a genius idea, right? Cuz you never look like a genius until it's too late for anybody to get in, right?

We got Book of Memes pumping. It's up 36%. And what I mean is like you're buying and you're putting money into things and it's bare market, nothing's moving. Everybody's like, "What are you doing?" They're like, "What are you in, some kind of weird little cult or something? Some magic internet money?" And then all of a sudden it rips and they watch Bitcoin go to like 3 400,000 from where we are right now. And they're like, "How how how how did nobody tell me about that?" They're like there I've literally had people come to me and be like, "Bro, why didn't you tell me about this crypto?" And I'm like, "I did. I go live on YouTube every day. I've told you to come to the stream a hundred million times." And then they're like, "Oh yeah, I guess you

I guess you did tell me about that." And I'm like, "I don't know what to tell you, bro. What was I supposed to do? Grab you by the ear and drag you to your computer and log you into YouTube? Like, what was I supposed to do for you? Anyways, getting off topic, just slightly. So, here's Ontology up 25%. The other [music] one was Ontology Gas. We got Noctchain. It is up a 23%. Let's go ahead and move along because we can sit here and talk about just all those crypto bubbles for a minute because there's so much green going on in the market. Let's refresh this. Make sure. I think we were up what like 7% yesterday in the overall market cap. Today we're up 3.8% which is beautiful to add to that 7%. 2.56 trillion. 2 and a.5

trillion guys. Let's see if we can get back to that three trillion number that would be pretty monumental. How quick we go to that $3 trillion number is going to mean a lot to me. So there's all kinds of little analytics that I kind of lock into and you'll see me start pointing out. We always talk about the overall market cap number, but I don't really spend any time really talking about it. But how fast large amounts of money start coming into this market could be an indicator of [music] how much potential sideline money there is to come into this market. And if another like half a trillion dollars comes in within the next couple of weeks and holds, man, that super cycle theory might really play out. Bitcoin is at $73,652 at the moment of me saying it.

And I got to say, $73,000 feels fantastic. Again, guys, don't be surprised if it falls down 34 [music] $5,000 and then kind of flags out and goes up and down and makes a flag. Some of my pattern traders really know what I'm talking about. Ethereum was just $1,800 like last week. It's $2,338, up 23% in the last seven days. BNB $656. We were just getting back above 600 a few days ago. This is nice. XRP, I wanted to see it. This would be really nice if this was the bottom of the bare market because I was saying I really wanted to see XRP hold a dollar because from the like 20 25 cent lows that it was in the previous market, that means you would have held like a four fivex, right? So that would have been really nice.

So, if this is the bottom and then we don't really go too much lower here, that means it's going to hold that up. And that prediction or that hope, I wouldn't call it a prediction, but that hope was going to really play out. But it's up 25.9%. XRP getting some attention. And I think XRP is going to be one to watch for the attention when it comes to new investors, the ETF, stuff like that. We follow the ETF numbers over on Block Works. I'll show them again today and you will see probably a lot of money flowing in to uh XRP. Salana $88.15. Salana up 15%. I made some money on the Salana and I didn't even have to do anything. The value of it just went up. Got to love that crypto. 50 Manad would would need [music]

a ton of money. They got too much supply and billions. Yes, tokconomics, guys. Tokconomics. Let's remember that. Let's see what else we got going on in this chat. That money goes all over. Everything will pump in BTC and ETH. Hold the line. The money goes all over. I just want Flare to go to a dollar. I don't know what the tokconomics are for Flare to go to a dollar. Just catching up on this chat real quick. This could be the final week to get low price. Things are still cheap, but this type of movement signals all the bulls and all the big money to come in. Exactly. When you see dead old memes rip out of nowhere, that's a sign. Yeah, for real, though. Uh, what's Shibba Inu doing? Right. Then they make their first XRP buy when it's

at $1,000 per token. Hey, somebody is going to do that. If it goes to $1,000, you will have somebody with a bunch of money apen like they just discovered XRP. Uh, would love a dip. I don't think it's coming. We've had months to accumulate. I agree with you, Prime Minister. I just would like not rule it out, you know? Basically, all I'm saying is a dip. I could see not being an impossible scenario, but I I really am quite hopeful that that that was the bottom of the market, guys. And even if we pull back, [music] we never go lower. It's very possible. Just my memory of watching BTC go to 15,000 and everybody screamed, "Don't buy. It's going to go to 10. Don't buy. It's going to go to eight." And they just never bought. And then the

next thing you know, they were all trying to pile in at 40 grand. And I was like, "Wow." Anyways, Hyperlid [music] 73. Look how fast Hyperlid went from like 50 bucks to $73 so fast. Dogecoin 8 cents. I hope Dogecoin runs. Talking about old memes. I hope Dogecoin just goes straight to 75 cents. Uh let's make that a dollar. Oh man, talk about someopium. Zcash $5.70 up 16%. Monero up 3% 415. So Zcash kind of taking the lead. I always kind of look at these because they were so close to each other in by market cap. And uh for a long time, Monero was starting to really gain on Zcash. We were seeing Monero pump and Zcash not really get much pump or even lose a little bit, go negative on the 7-day. And now it looks like Zcash

is really picking back up and and getting back into its spot of maybe being a little bit more predominant than Monero. I'll let I'll let my privacy coin people hash that out. Cardono back to 20 cents. So Cardono ran to 20 cents. It started fading back down. It went to like 17 cents, 17 1.5 cents, and then bang, just like that, back at 20 cents. So, we like that, but we really need Cardono to go back to like $3 for most of us to uh to get an all-time high, right? So, XLM 18, Canton falling back under 10 cents here. So, Canton had a little bit of a pullback. Very interesting. Some people may be rotating out of that. Gains, baby, gains. Reliable Jay in the building. Welcome in. Welcome in. All right, so HAR 7, Avalanche $7.27. Good

to see Avalanche moving a little bit. I wasn't sure if Avalanche was really going to get to move with the pack here and it seems to be 73. Uh Meme Core $1.17 holding up pretty nicely. A little bit of a pullback. And let's go look at that. Flare still number 94 in the exact same place, but it's in the top 100. And that's what really matters. Flare is up 17% in the last 7 days. Let's go take a look at what is trending cuz I know that's a lot of what everybody wants to see here. So, we have Bull Balls coin. And if that isn't meme culture, I don't know what is. Let's see where it's at. Is it Robin Hood? No, it's a salon. It's a pumpf fun coin. Let's see. It doesn't look like it's been out

very long. Let's posting on the 24. All right. Is it longer than 24? No, not really. So, it came out today and it's already at 16.2 million. There you go. Uh, if you got into that early, you made some money. That is for sure. Not a whole lot to say about it, guys. It's a memecoin. Salana meme pumpf fun ecosystem. That's the one thing with a memecoin. Like there's not a whole lot to tell you other than maybe a little bit of lore, you know, some kind of little bit of like a story line behind it, but they're not like building an app or anything like that. I'm sure pumpf fun. We have this aligned, which could easily be another memecoin. Let's go check that out. 35 million in this. And aligned layer. So, sounds like a more serious

project. basin Ethereum ecosystem smart contract platform modular blockchain uh layer zero I notice it doesn't say a layer one though it says it's a modular blockchain hopefully somebody out there remembers all the education we did on modular blockchains but if not don't worry I'm sure we'll go there again let's go to their website because I'm not even sure what the heck this thing is okay it's financial build financial products that work 247 across borders at a fraction of the cost is the power of DeFi, web 3, blockchain technology, whatever you want to call it. We help fintech and institutions build on Ethereum. How many times do I have to say so many of the projects are geared towards services built for the big players, institutions, FinTech, [music] they're here. These people are not building all of these projects and

raising all of this money from venture capitalists. venture capitalists are not pouring all this money into these projects because they don't think that the institutions are here and need the services. It's the opposite. [music] Pipe Dog. Now, this one definitely is a memecoin. It's on Robin Hood, right? Distinguish between our Robin Hood memes now or Salana memes, Ethereum memes, whatever memes, uh, whatever blockchain it's on, it is important. Dog themed and memecoin on Robin Hood. It's got 30 million in it. For me personally, a lot of these are way too high for me to even think about touching right now. Uh you do what you want to do. Bitcoin, XRP, Hyperlquid, Athena, Ethereum, Salana, Lighter, decentralized exchange if you missed that. Uh Pepe, Zcash, Ontology Gas, and Grass. I want to look at this ontology gas. I do always

have to keep kind of bringing myself back to a baseline. And remember, I do this every day. So, so much of this for me is just like second nature in normal. If you have any questions, feel free to ask them. [music] You might have to get my attention. If I'm not paying attention, if you kind of say something to Melissa, my mod or Blues Guy, my mod, somebody will make sure if you have a question and I'm not paying attention to the chat, somebody will make sure that I I get to see it. All right, what do we got going on here? I will somehow some will too with your flare. Hi, I'm back. What's up? Minecraft for kids. Welcome in. Welcome in. I'm not all about Minecraft. Well, your name is Minecraft for kids, so people are going

to think that. Little UG Jr. Uh, what you buying, little man? You mean crypto? Yeah, they mean crypto. This is a crypto stream, buddy. He was He's He owns a little bit of a couple of things. He has some of that Lumino mostly to hold so he can get the reward on the game. But hey, if that thing slaps, actually really should check that out. I'm going to do that next. Let's talk about Ontology Gas, though. First of all, I don't know like what rock I've been living [music] under. What in the world is Ontology, and how do I not know about it? Token Generation Event says it's back in 2018, but like that's really weird. like it goes back to 2018, but it was absolutely flat [music] until 2023 and then it just like was suddenly a thing.

This must be the real token generation event here. It's got $69 million in its market cap, a billion max supply, and $478 million circulating supply, meaning it's coming up very closely to 50% of the max supply being in circulating supply. It is its own thing. It is a layer 1 smart contract. Um, I don't want to go to the explorer. Do they not have like a foundation like [music] website or something? Oh, here we are. I'm just clicking the wrong button. Never mind me. Booze Guy said kids don't want crypto. Hey. Hey. I mean, it's kind of true. It depends on the age, right? We say kids, but you know, that's all that's all kinds of different ages, right? [music] Yeah. He owns a little bit of Lumina. He says, "Oh, man. He owns some Luminina. This kid is

based." Hey, hey. Yeah, he he definitely uh is always watching to see what I'm what I'm doing. He's with the DeFi gaming, I tell you that. He's played Kindra, Lumina. [music] What's the other? Sunflower Land. He's played a bunch of those. So the trust layer for web 3 powering decentralized identity, reputation and secure communication for users and builders in web 3. It's a trust layer for web 3 is this ontology. Am I the only one who doesn't who doesn't recognize this off rip? I mean remember I do this every day so it's a little weird but this thing came out of nowhere. Trend shift but trust privacy and user controls are always essential. I mean it's a fact they got the use case. They have a lot of competition. Why use the Ontology blockchain, right? So, [music] yeah, they

got to show us their own thing here because there's a ton of security solutions out there. High performance, low cost. That's always good beyond EVM compatibility. That's really good. They got Neon uh or Neo VM and WASM. So, they are in some different ecosystems. They can help insecure sovereign identity uh some did. All right, I get the point now. We can move on from that. It's a useful thing when a project is building. A lot of times they I wouldn't say outsource, but they look to somebody else to help them with their security. Let's go take a look at Lumina because I'm just I'm just curious. Luminina has been building [music] quite a few things and launching them recently. So, I wonder what it's doing. Are we over two bucks? Yes. I was buying this at like a dollar

20 or something like that. What were these lows here? Got to flip it back to price. Out of market cap. almost to a million dollar market cap. I got in this thing at 500,000. So, we're probably going to see it easily go over a million. I don't know how it doesn't. And like, you know, people who understand people who really get the power of the tokconomics, I know I talk about it constantly, but people who really get the power of the tokconomics understand how fast this thing can be worth 50 bucks. Real talk. like it can really happen so fast if the right sentiment and the right uh you know exposure comes for that project. It can absolutely [music] moon and the game is good. Like the game is genuinely good. I've seen games that are way lamer get

way [music] more attention. So I think it could do nice. Let's see. Yep. That grinding on my luminos right now. [music] Uh good. Get him started early. He'll retire before his peers most likely. I'll have you know I almost have $80. Yes, he's very My my son is uh he sells things online just like we do. And uh he's pretty good at making money. He's got more money than any 8-year-old I know. That's for sure. Let's see. Melissa, I had to learn the hard way [music] and late. It's a blessing for kids today who have parents teaching them about investing early. For real. Nobody taught me I don't ever talk about this, but you know, nobody taught me any of this stuff as far as family or anything like that goes. I I I went and found all this

stuff myself. Uh, is it currency of Lumina going to go to the moon? It might. I mean, like, it it really might, especially if DeFi gaming gets a lot of exposure and there's a lot of good games out and people like me on the internet keep talking about it and trying to push it. Not that I have a huge following, but some people have much bigger followings. It could really could. It only it's not hasn't even gone to a million dollars. We see meme coins with nothing go to, you know, $100 million. Why wouldn't a game get with great tokconomics could easily go to that kind of thing? Anyways, man, if if you you just have to think about what the price of Aluminina would be if it went to millions if there was like even $10 million in

there. We'll have to do some moon math later. I love doing some moon math. But let's talk about that fear and greed index, right? That number in the back of your mind. It did the thing I didn't want it to do, guys. It did. It did exactly what I didn't want it to do. Sentiment went crazy too fast. This to me says we're going to need to cool off. It doesn't mean we're going to need to dump. Sideways would be the most optimal, but I'm telling you, everybody's cheering for crazy pumps like let's go back to 100,000. If you have some time in markets, you will know if we go straight to like 80 90,000 right now, we're going to have huge corrections. We'd rather do it the right [music] way. Let the sentiment kind of fizzle back to

neutral. Maybe even the tiniest bit of fear as people watch the sentiment cool off and they're worried about it dumping, right? Oh no, maybe the bare market's not over, right? And then we kind of pull back up and then we just kind of go back and forth in this range here for like a couple of months really and then we can continue with some gusto. But the market's going to do whatever it's going to do. I'm just saying what I would like to see happen as far as what I believe to be the most healthiest for, you know, a continued move without drastic pullbacks. So, let's get over here to Crypto Rank, take a look at what is trending. But before we do, I want to tell you about some things you might not know. So, are we going

higher? Says John 316. Welcome in, by the way, John 316. Um, are we going higher? I don't know what in what time frame like for the rest of the year, in the next week, tonight, next hour, like what what do you mean? Uh so I can answer your question a little bit better. But assuming you just mean in general, I think we're going to go higher, but don't be surprised if we got to cool off a little bit. If we cool off and just go sideways, that is a great look. Like that's like the best case scenario. That's what we want. Just cool off. It's like when you go sideways, you get the cool off in the market without the dramatic price pull pack pullback, right? And everything can kind of reset your your RSI, stochastic RSIs, all of

those things can cool off and reset. Sentiment can cool off and reset and then we can get the next move in a healthy manner. If we just keep pumping right now, we're going to come down hard. We've already pumped really, really hard. So, I just want I just want to put my two cents out there right now. John 3:16 says, "Smash the like button." Appreciate you saying that. I would love it if everybody would smash the like button. Make sure they're subscribed. Join the free Discord. I have a membership, $3 a month. I don't show it probably near enough. Get custom emojis that I made with my own hands, right? [music] And uh you get access to the members only live stream as we heat up. Those member members only live streams are going to happen Monday, Tuesday, Wednesday,

and Thursday after your already scheduled stream for people who want to ask questions and [music] do things. And you get access to that for $3 a month. Also, you get early access to videos when I put them out. And as we heat up, I'll be putting out more videos, right? Let's talk about what's trending over here on Crypto Rank. Because think about it, money came into the market, a large amount of money. Where are we going from here? Crypto IQ. All right, I'm trying to dial all this in and paint a picture for you. So now we need to think where is money going to rotate. What categories and niches are going to run? And then when that stops running, where is the money going to run to next? So I think the first step there is to pay

attention to what is trending. That doesn't mean what is necessarily pumping. Like look, e-cash right here. It's trending, but it's down 2% today. So, it's not top gainers, top losers. It's what is trending, what is being searched in the search engines. That's what we're looking at. And then, of course, Crypto Rank is great at showing us things that are not quite out yet. And we've seen coins come through here and then token generate and we're we were we knew what they were, talked about their founders, knew all about them weeks in advance, sometimes a month in advance. Lighter is one of those projects, [music] you know. Uh what is it? Zama was another one of those projects that we knew about way before they ever actually launched a token. [music] That means when it comes out, everybody's crazy about

it. Everybody's trying to figure out what it is. And we already we already know who the founders are and what they've done. So, lock in everybody cuz it's going to be fun this bull market. 75K. Look. Oh, man. Do we need to bounce over there? Hold on. Let's move over to Trading View. I appreciate you letting me know, Sunny Little Tree. Let's go over. Yeah, we just wicked to Whoa, whoa, whoa. I am on a perpetual contract for weeks. It shouldn't be that different, but we probably will shift this over to a regular Bitcoin. Let's go. Let's go move to something else. I'm not worried about redoing TA. I didn't do that much there. Uh, let's do spot for Coinbase. I like that. Let's take a look at that. Yeah, they show. Okay, it does show pretty much the

same thing. It's different by like maybe a hundred bucks, 50 bucks. So, that's good to know as well. Oh, wow. I have alerts and all kinds of things on here that never went [music] off. That was helpful. Wow, I have uh a lot of lines here. Let's delete everything. All right, cool. So, yeah, here you go. This thing is pumping like crazy. Let's bring it into the hour. We've been as high as 74,868. Call it 75,000. I'm cool with that. And look, we're doing the same thing. We're giving a little bit of time for this 21 to get close. Little bit of time. And this 21's getting close. And then you get the move. Man, if we run super fast, I would be a little concerned about us having to come down and cool off in a dramatic way.

So hopefully we can just chill out. Look how far. Where's all my lifers at? Look how far the 21 is from price action. It's pretty far. And there's not a lot holding you up on the VRVP here either. And we were just talking about this here since we switched charts. Let me redraw the measured move for that inverted head and shoulder. And like look at that. When I put this measured move on this head and shoulder, I was like it can do it. I know it can because I trust the pattern. But like, wow, that would be crazy if we were suddenly back at 75,000. And then here we are practically back at 75,000. [music] Shout out to Sunny Little Tree for bringing that to our attention. That is the power of community. Want to harp on that real

[music] quick for a minute. That is what we are set out to build. If you know anybody who loves cryptocurrency, if you meet somebody who loves cryptocurrency, it doesn't have to always be somebody who's clue I don't want to [music] say clueless, but who doesn't have a high crypto IQ. Sometimes it can just be people who love crypto because we want people who love crypto, know everything about it, and we want people who are brand new and need some direction, right? They don't need financial advice, but maybe some education, some direction. We would like to be here to give you that. All right, let me get back over. So, Neo Soul, everybody see Neo Soul? Good. Want to make sure I'm on the right frame before I start talking here. So, Neo Soul is an AI agent network and

configurable trading workbench built on B&B chain and [music] OGs. In the chat, I want everybody to do a little bit of brainstorming for me. So, what categories and niches do you think are going to be the first ones to [music] run? Is it going to be memecoins, decentralized exchange coins, uh centralized exchange coins, privacy coins? Is it going to be AI coins? And AI has a ton of different niches inside AI, AI agents, you know, uh, resources, things like bless or grass. What do you think [music] is going to be the hottest categories to pump first? Like the first one or two categories that are going to do really well before the money rotates into other things. Let's start brainstorming. Let's start thinking as a community. I want to do a little bit more like challenging [music] thought activity

for the community to brainstorm so that we can kind of not just hear what I'm saying but as a community listen to what everybody else is saying as well. I think it's going to be highly valuable. We have a really we have a lot of really smart people here in the room. All right. Uh I will right now cool off so I can buy BTC. No trust me bro. No trust me bro coins. That's hilarious. John 3606. I like the way you put that pump, dude. Yep, there you go. Uh, let's see. Sunny Little Tree says, "I love crypto." Yep. All of us crypto people are about to get uh our our days in the sun back. We We've had days in the sun before. When I first came into crypto, it was all days on a tropical beach

because I came in right before a pretty big bull market. And then there were days in the cold Arctic desert for a long time. AI agent network and configurable trading workbench built on BMBB chain and zero gravity labs. This is Neo Soul. I love to see that it is uh B&B chain but then zero G, right? Zero Gravity Labs is kind of thrown in there. I'm pretty sure that's what they're referring to. Let's see if they spell it out for us. No, not [music] necessarily. Let's go look at their website. This is neosoul.aii. Look at that thing. Look at those graphics. Looks pretty cool. I like their symbol. It's like infinity plus a little more infinity. Loops [music] around forever. Double infinity. All right. Towards the future of agentic trading. Neo soul is building trust infrastructure for autonomous trading.

We make AI decisions measurable, capital controllable, and market outcome verifiable. Total agents about 4.3 million, agent activity about 14.5 million, and token consumption. Uh, wow, that's a lot of tokens. Look at that number. So, there's some metrics for you. From intelligence to verifiable execution, Neosol connects agent intelligence, deterministic capital controls, and verifiable market execution through open infrastructure where autonomous agents operate within userdefined boundaries. [music] Build with leading brands, run the trading loop towards the verifiable agentic trading. So what else do we want to see? Create your own agent. Control your capital. set your wallet pro uh permissions, capital limits. So, this is a big dashboard [music] [clears throat] in my opinion when it comes to AI agents and stuff. This is what we need. We need like a really nice dashboard where everything can be API together and we

can see what we're doing. You can see multiple wallets. You can see what your agent has permission to do, [music] what they don't have permission to do. We got to simplify the agentic uh AI agent type whatever if it's trading if it's mev attacking I don't know whatever you're doing you need to be able to see it all together in a simple way for a normal retail right normal retail are not developers they've raised about 11 million no tier one backers yet and uh let's see do we have any founders no we don't have any founder information we're going to be back to paying attention to some information that hasn't been highly important for a while. We're going to get back into the swing of a lot of that. Let's talk about Zero Stack because whoa, they've raised a

billion dollars and they [music] are a NASDAQ listed corporate treasury focused on holding decentralized AI tokens. We saw Strategy, let's see, is Strategy on the trending [music] today. It's not, but it was the other day. Uh, Strategy doing something kind of tokenization of some sort, raising money. They're basically raising money to buy more Bitcoin. [music] I mean, we all know that's what Michael Sailor's MO is. Real crypto was meant to be private, not public. That That's what cryptography is. Yeah. Oh, yeah. 100%. Cryptography is that privacy [music] itself. The ability to be anonymous through cryptography is the basis of crypto. Anyways, Zero Knowledge or sorry, Zero Stack is a treasury company. They're going to stack coins. They're not going to just be like Michael Sailor's only Bitcoin [music] and Tommy Lee is only Ethereum. Zero Stack's going to be

just I guess whatever they want to buy. Concrete. It's been a while since I've seen Concrete, right? They've raised $17 million here. Automated D5V protocol for optimized yield generating and liquidation protection. Sounds like something you would need. Let's see who's in on this. Tier ones, Polychain Capital, YZI Labs, which is basically Binance Incubator. Uh, and this Venique Venture, I don't hear about them a lot, but they're a tier one. We got a founder team. Bullish. Uh when a project doesn't even have a founder team, it's a little concerning. Can we check on how much the currency Lumina is? I already did. It's $2 what? Let's see how Let's see how good my memory is. $223. Oh, it might have moved, but I didn't think about that. It can change. [music] Let's refresh it. $227 is exactly what it's at

right now. So, I mean, we we I we first bought this. I think it was a$120, a$130, maybe. So, we're almost up a dollar on every coin, which is a good start. Trust me, this is nothing compared to what this thing can do under the right circumstances. All right, not clicking the right stuff here. Let's go look at the website for Concrete. Concrete was an interesting project. The future of onchain finance. It is obviously very financial, I think. Going back to my question that I was asking people about what categories are likely to to move a lot. I think it's going to be a lot of financial stuff at first for sure. Rail gun is integrating with pulse chain. Rail gun is privacy. [music] I remember when rail gun came about. I sure do. Institutional grade onchain infrastructure generating

yield from any asset on any chain. [music] Sounds quite promising. I like that they've updated their website. Assets can remain in custody of centralized finance platforms while earning yield on concrete infrastructure. Enterprise concrete enterprise is offering institutional-grade solutions for industry leaders. Again, who are they targeting? Who are they building themselves to help? Institutions. Enterprise. Make no mistake, they are way way past being here or showing up. They're entrenched now and I don't think it'll ever be a world where they're not entrenched [music] in the crypto assets, right? It's a done deal. So that's a ETHbased rollup, not a layer one. The best privacy chain are native layers, one coin with their own tech stack and infrastructure. Yeah, like the one that Prime Minister had showed us. He showed us a coin that we we bought a little bit of.

He even was generous enough to throw us a little bit of it. Uh very [music] nice guy with all that he shared with us and even he he basically air dropped us some of the coins. That was pretty cool. Let's talk about poochers, right? Stable coin powered multicurrency wallet and virtual card provider for global payments. So we have institutional services as a category, right? Anything that serves the institution. And it could be protecting their wallets, helping them run a node on Ethereum. It could be doing anything for them in any way, a service for institutions and big uh investors, right? Then we have the whole payment rails. Let's just call it a payment rail category. Tons of subcategories, tons of subniches. Stable coins being kind of the biggest category inside of that. stable coin powered multicurrency wallet with virtual

card provider for global payments. So, more people getting into the whole payments game. There's not a whole lot to say about it as far as anything exciting. The main takeaway here is they are really focusing on across Africa or the continent of Africa, which is a huge use case. If they if they can figure out how to really get into the marketing there, they can do some crazy numbers. [music] Uh Poolfish, let's talk about Poolfish. I thought Poolfish was cool. It's just a liquidity pool calculator and position tracker for unis swap v3 and v4. I'd love to see more of this kind of stuff. I remember back in the day when I [music] would like Google like B&B calculator or something, you know, so I could like put how much B&B I needed or was using and then actually

see how much it was worth in [music] US dollar because most of your wallets and stuff they would display, you know, how much B&B you have. it. Nowadays, we're very spoiled and in your wallet it'll say right next to it like how much that's worth in US dollars or whatever currency, but it didn't used to do that. So, I love these kind of techy um little I'm I almost treat them like they're physical gadgets, like a calculator. They're not obviously they're digital, but I love to see that stuff coming out because when you need something like that, you don't think about a liquidity pool calculator until you're trying to figure out a liquidity pool yield and then you really need one and you're be glad. It's like I I used to say this about Deepen, [music] uh, decentralized infrastructure,

just infrastructure all the time. Nobody cares about financial infrastructure. Nobody cares about a bridge until you're desperately trying to figure out how to get your money over to another ecosystem because you see or have heard of an opportunity and you're trying to move quickly, but because you didn't raise your crypto IQ and because you didn't have the information already, you're floundering to figure out what bridge to use for what ecosystem and this that and the other and you're doing everything quickly. And a lot of people lose money that way. They click, you know, wallet draining links. They use bridges that are fake. Like they do they mess it up in general, right? Like they just do the wrong stuff and lose their money because they didn't know how to do anything ahead of time and they waited until it

was crunch time. They see an opportunity and they're trying to rush over to another ecosystem out of the ecosystem that they're used to using like Ethereum or something and then all of a sudden they make silly mistakes because they don't know what they're doing. But that's how you learn. Don't get me wrong. Like that is how you learn. Let's talk about Ripple Prime. Institutional. Wow. Everything institutional [music] right now and I've been saying it for months. Institutional multiasset prime brokerage offering execution clearing and financing on XRPPL. This is obviously Ripple and [music] the expansion of Ripple. Who's in here? Who believes in this? Coinbase Ventures believes in this, right? Or they wouldn't throw their money down. FTX Ventures, Ripple Corporation is in there. Prof uh profluent trading. It's a very weird name for a trading, but whatever. $1.7 billion

dollars raised for this. Somebody believes they're going to do something. And I'm going to throw this one up just cuz it's fun. Constitutional DAO. They want to buy the Constitution or something. I don't know why we need to do that. People is a token of singlepurpose DAO that is aimed to buy one of the original documents of the US Constitution. I don't know why we need to do this. Like, it sounds cool. I think somebody thought that this was like a really cool use case back in the day for like crypto. If the government has it, they'll protect it like with the military, you know? So, let's let's just let them protect it with the military. I don't know why we need it. We could take a picture of it. We could know. We could be educated. We could

know what [music] the document says, but we don't have to own it because who where is the foundation? Who owns it? Are they gonna have high security? Are they just going to let somebody steal it? All of those things. What is it? Oh, this is a memecoin, isn't it? Yeah, Nero. I remember this one. Like uh Prime Minister was saying, when you start seeing these old meme coins start pumping, you know, money is flowing in. And here's a here's a serious thought about old meme coins pumping. People who were in crypto a long time ago, aka like three years ago, uh who left coming back in. What coins do you think that they have in their mind? What coin do you think they're going to look up? They're going to buy a little bit of what? Doge, Shiva, Inu,

some of these other more, you know, obscure but old meme coins. Those are the ones that they remember. A lot of them have been checked out for a while. So, let's definitely keep that on the radar. Let's talk about some things you may not know. Institutions are pumping our bags right now. Then they're going to try to sell on retail. That's why your positions early. LFG. Exactly. You get it. Absolutely. Not telling people what to do. Do your own research. Lol. Just [music] research based facts. Yeah. Good tech here. People going to wait till it's too late to buy them. AI is going to do some serious damage in the future to weak [music] chains. Yeah, absolutely. 74 now. Uh, guys, I think Bull is here. Yeah, I think so. And I'm ready. Like I said, I've been I've

been positioning spot bags. Let's see if we can turn a little bit into a lot of it. So, a flash loan. Let's talk. Let's lock in. All right. This is This is not even the intro. Well, this is the intro, but this is not the uh story orientated intro for the lesson. This is just what you may not know because we were getting a little long on the intro. Anyways, you may not know this, but flash loan is not automatically an exploit. It is a legitimate uncolateralized loan that must be repaid within one atomic transaction. Calling something a flash loan attack may describe the attacker's source of temporary capital without actually identifying the faulty assumption. So if we say, hey, there was a flash loan. Well, the flash loan, this is this is definitely some raise your IQ sauce.

The flash loan itself was just the attacker getting capital from somewhere. The actual weakness that they exploited with that money, with that flash loan, what they exploited with it is actually the attack, not the flash loan. And a lot of times the headlines just absolutely fail to understand that understandably because they're they don't have high crypto IQ. Most these people writing these, [music] you know, stories that have to do with cryptocurrency, blockchain technology have they have no idea what they're talking about, guys. 99.99999% of them. An audited protocol can still be compromised through an admin [music] key, unsafe upgrade, Oracle configuration, front-end dependency, or a newly added contract outside of the audit scope. An oracle is not necessarily one company feeding prices into a contract. It is any mechanism a protocol uses to learn information it cannot independently determine.

[music] Bridge does not literally move the same token between blockchains. That's not how a bridge works. Hopefully you guys have got educated on that here. If not, we'll do it again. Many designs lock or burn value on one side and authorize corresponding value on another. What is the difference between a bridge and an atomic [music] swap? An atomic swap is much more desirable [music] than say a bridge token. Governance can be exploited without breaking its voting code. If voting power can be concentrated quickly enough, the system may legitimately execute a hostile proposal. That is the problem we saw with bonk. A protocol can lose funds while every validator block transaction and cryptographic signature functions correctly. Meaning bad things can happen because people know how to exploit, not because the blockchain's doing anything it's not supposed to. Sometimes safeguards are

just not there. Look at Bonk. I'm going to keep using [music] Bonk as an example. All right. I'm getting 2021 vibes. Let's go. I'm saying uh I I believed for a while that like at some point we're going to get like a super cycle. Just a super cycle is really just to say a lot of people are going to get wise and they're going to come running into the market. That's what it is. And it's going to FOMO for long, maybe longer than normal. It'll probably still fall within the fouryear uh cycle, but what if it doesn't? What if it stays bullish like eight years and we have eight year cycles or something? That would be pretty crazy. All right, man. If we have eight-year cycles, can you imagine the bare markets? People really will check out, let's talk

about what we're going to talk about tonight because as much as I love looking at what's trending and the pumps and all that stuff. We want to work in [music] an element of raising your crypto IQ that you have a bunch of value compounding. Hey, they said that compounding, what is it? The ninth [music] wonder of the world is compounding uh finances. Well, compounding knowledge here at crypto at underground crypto, right? [music] Uh I want you guys to learn a little something every day until you look back a year from now and you go, "Holy crap, [music] I know so much about blockchain technology and all these cryptoreated things that nobody around me knows." And it was fed to you in little bite-sized pieces every day. So, let's lock in. And and one thing I really want to say

before we lock in and get in is don't [music] think that you can't understand this stuff. It is not as complicated as you would make yourself believe before even [music] trying. So, let's try. Crypto reporting compresses every loss into like one word, hack. Even though most of the time it's fishing, but if you said fishing, too many of the world population don't know what fishing is. It's crazy what they don't. that makes users focus on the size of the drain or the hack instead of the security assumption that failed. [music] Right? So, we focus on, oh my god, $300 million were taken and we don't focus on how $300 million were taken. It's like if somebody robbed a bank and all the headlines were like they robbed, you know, the biggest bank in the world, they got away with

a billion dollars. Everybody be like, "Wow, a billion dollars. That's crazy." like if they get away with it, they made and we don't even focus on how they managed to pull it off, right? We need to focus on how the bank heist happened, not so much how much money they got away with, right? If the diagnosis is wrong, the proposed defense will also be wrong. Right? So, if they don't understand what happened and what went wrong, when they try to fix it, they're not going to fix it. Another audit cannot fix a stolen admin key. A stronger multi- sign uh signature cannot repair broken pool mathematics. You have to actually know what's wrong before you start fixing it. It seems like a no-brainer, but we've seen this not necessarily be played out well. Yep. Jayd Dub in the building

says almost 75K now. It's going guys. We've been talking. Why do you think I've been here for months and months and months and months and months doing this show? I know it's going to happen eventually. Even if this pulls back or something like that and fizzles out, god forbid it this pump fizzles out, it's still coming. Yep, JDub, we about to break out. I do believe that it's moving super fast. I was 70k when I woke up this morning. Yep. BTC outperforming ETH is kind of annoying, but whatever. Yeah, that is low. That is crazy lowkey. Yeah, ETH is BTC has been outperforming ETH for a long time. ETH has its moments [music] in the sun though. Don't think it won't. Yeah, it will move uh down. Most likely it's always BTC first, then alts. Yep. Then ETH, then

alts. That's the rotation, guys. If you want to altcoin season, Bitcoin has to [music] do well. Go sideways pump. Go sideways pump. Very minimal, very small pullbacks. If any then ETH can start running because people start taking all the money that they made in Bitcoin and they start running into Ethereum because that is seen as higher risk more [music] reward but not as risky as like meme coins. Then if they make a bunch of money on Ethereum now they have a ton of capital to run into all the real altcoins and that goes all the way down to your highly speculative meme coins. That is the rotation of money to get to what we commonly know as an altcoin season. The shift here is we got to stop beginning with how much money was stolen in a hack. I

would love to see the headlines do that, but they're not going to cuz numbers, big numbers get people's attention. We got to reconstruct the hack path, right? What access did the hackers obtain? We got to ask higher crypto IQ questions. What assumption did the protocol accept? How was the value extracted? Which control failed to stop or limit it? Separate the tool from the mechanism and the mechanism from the root cause. [music] Payoff here. The viewers of this stream can interpret exploit reports more accurately. Become a better speculator in the market. That's what we're trying to do. And if you don't understand what went wrong, then you don't understand [music] if they fixed it. If you understand what went wrong in an exploit in a hack, especially if you're holding that token [music] and you're bullish on that token and

then you see them come out and they have like a proposed fix for the problem and then you [music] look at it and you go, "Well, this this has nothing to do with what actually happened, then you're probably going to have more exploits down the line." Investors can ask better questions, right, before depositing assets. Builders can apply defense to the correct layers. communities can become less vulnerable to misleading claims such as the smart contracts were audited. We see that all the time. They were audited when, by who? What has been added to the contracts since the audit? Because anything that's been added, any upgrades that have been added to the contracts haven't been audited. So, you can't you can't sweep those under the rug and kind of add them to your website like, "Oh, these were audited when they

weren't." and no private keys were stolen. Right? So, our talking point here is what does drained actually mean? It means you lost all your money. Spoiler alert. A protocol drained means assets or claims on assets leave the system in a way that violates the intended economic rules. It did not go as planned. Let's put it like that. Everyone thought Mike Sailor was selling was the end. He got them good. Yeah. And he's just been on a crazy like uh promotional video, you know, stent right now. He's he's on a campaign. He's on a Michael Strategy uh campaign. Michael Sailor. I like to call him Michael Strategy for some reason. And I I'm really hoping it sticks. Can we all just agree to call him Michael Strategy? Oh, it's so much better. Anyways, so what happens when drains right direct

directly missing tokens? unbacked tokens or stable coins, bad debt left to the depositor, a broken asset peg, insolvent liquidity pools, and unauthorized control over protocol reserves. The attacker does not always withdraw everything immediately. Sometimes the first observable result is an accounting hole that becomes visible only when the user attempts to redeem it. The threepart exploit equation. Now, we're really going to walk in and get some sauce, right? Put your thinking caps on. Most protocol drain require three things. Access, broken assumptions. We're talking technical here, not like somebody thinking, and extraction route. They got to be able to get the money to move and get it out. So, access, access would be a public contract function. Think about smart contract layer ones, contracts. [music] That's what we mean by contracts. a a public contract function, a privileged role, Oracle update,

bridge message or governance proposal. A broken assumption is a price is at [music] a price is accurate, assigner understands the transaction, two accounting values remain synchronized, or a message truly comes from another chain. Extraction route is borrowing real collateral, minting unbacked [music] assets, withdrawing excess shares, or releasing locked bridge funds. A dangerous bug without reachable access may remain dormant, right? Cuz there's a bug. But there's you can't the bug doesn't quite allow them to get to the money, so it goes unknown. Access without a broken assumption may do harm. A broken accounting state, memory. Think memory. when you see state a broken accounting memory without an execution route may create disruption without a direct profit. So they can they can cause a ruckus but they don't have any way to get out. It's like you could break into the

bank but you can't get out with any of the money. So then like you might not reveal that you have a way to get into the bank because you don't have a way to get out with all the money. So like you don't want people to know until you can figure out how you're going to get out with the money. I'm trying to use a metaphor that'll make sense to you guys. I love that when we start the education, we go from like 18 people to 11. It just goes to show that you can lead a horse to water, but you can never make him drink the water. Code in accounting failures. These occur when the smart contract internal rules fail to preserve an important invariant. An invariant is something that must remain true after every transaction. For example,

total legitimate withdrawal claims cannot exceed available assets. A user cannot redeem more value than they deposited plus early yield. Collateral must remain worth more than the debt it supports. Only authorized roles can mint or upgrade assets. and internal balances must match real token balances. The common failures include re-entry and unexpected call back behavior. And I know this is a little techy guys. Incorrect access control. Precision loss and biased rounding. Share price manipulation. Unchecked external calls. State updates occurring in the wrong order. Two pieces of accounting drifting apart. The educational key here is the specific line of faulty code matters less than the invariant that line allows the attacker to violate. So the specific line of faulty code is not as important as the invariant that the line allows the attacker to violate. So the faulty code is not as

important as what they're able to do with the faulty code. To say it another way, compromised administrative control. Many DeFi applications are upgradable. The difference between an immutable contract and an upgradable contract. The visible contract may point to an implementation that authorized administrators can replace. Administrative capabilities can include upgrading contract logic, approving new collateral, changing oracle addresses, pausing or unpausing activity, moving treasury assets, minting tokens, changing bridge validators, [music] and adjusting risk limits. If an attacker obtains those privileges, audited public functions may be completely irrelevant. The attacker can change the rules or use legitimate authority destructively. Important question here. Let's see. Wow. 50,0005. Yeah, people are fomoing in so hard right now. Michael Sailor sitting somewhere with a very big grin on his face. [music] So, important questions to ask here. Is control held by one key or a

multi- signature wallet? Right? Can one key get a hacker fisher in to what they want to get into or do they require multi- signature wallet? That's more difficult. How many signatures are required? Two, three, 18, 100? Are the signers operationally independent? Is the public time lock before upgrades execute? [music] Is there like a time lock before the upgrades go into effect? That means that they would have time to catch somebody trying to manipulate thing. A time lock would be highly important. Can one role both propose and execute a charge or is there some checks and balances [music] to where one person proposes stuff and another person clears it for execution? That would be good checks and balances. Can emergency authority become permanent authority? Well, that's that's how that goes. That's on a lot of different levels. Emergency authorities becoming

permanent authorities. [music] If you know, you know. Oracles and economic manipulation. A lending protocol cannot personally inspect the real value of collateral. It relies on an oracle or an onchain market. So, think data feed, a feed of data to an ecosystem, right? And if the data being fed into the smart contract is not accurate, well then it can it can open itself up for maximum extractable value at the very least. So, the danger increases when the protocol trusts a single low liquidity trading pool, an instantaneous spot price, stale data that's not always being upgraded, incorrect d uh decimal settings, a price that can move dramatically inside one block, a token whose market can be controlled in it can be controlled with not a lot of money cheaply, right? With whoever's trying to control it, not a lot of money.

Like, think about this. They took over, you know, bonk in the DAO with about $4 million. That's not a lot of money. There's plenty of people in the world who would have had enough money if they knew what they were doing and had the idea. There's enough people out there who had enough money that like, you know, they could have pulled it off themselves. An attacker may temporarily push the reported value of the collateral upwards, borrow real assets against the artificial value and then leave the protocol with bad debt when the price remains to normal. So they push the price up, borrow against it. They get real assets that they borrowed and then the protocol itself gets stuck with all of the debt when it comes [music] back down to the real price. Defense includes multiple independent price sources,

time weighted prices, staleness check, minimum liquidity requirements, borrowing caps, circuit breakers, limits on how quickly collateral values can change. Let's talk about bridge and me message validation failures, right? We're talking about all the things that can go wrong in a quote unquote drain. We hear it, oh, they drained x amount of money from this bridge or they, oh, they drained x amount of money from this protocol, but what in the world does that even mean? And then everybody focuses on the [music] the number value. So, we're going to take a small break here because I really would like to get through this educational purpose. We are rolling into an hour and a half of being live here. [clears throat] Let's check out this chat. Imagine being sidelined, [music] right? Exactly. So many dumped and left during that period. Yep.

Exactly. And so many people are unwilling to raise that crypto IQ. Don't let it be you. Gainers and losers. Let's refresh it. Let's make sure we have real numbers here. So Athena is up 27%. Pump.fun up 25%. Manad up almost 20% 18%. Uh, curved Dow, Coinbase wrapped XRP, that's an interesting one. Uh, XRP itself is up 14% and stacks up 13%. Nice. So, losers here, humanity, official Trump, World Liberty, Finance, Jetto, Monero, and a few others. This Figure Helock, if you know, you know. Uh, just look at what Figure Helock is by market cap. Great. >> [music] >> great great use for blockchain technology. Anyways, what we will move on to here is we'll take a look at some blockchain revenue. Let's see if we have any any data from the 19th. Look at that. Let's zoom in here.

Make sure we're all the way forward. Take a look at this. So, we had a positive revenue across the board of about $10 million on the 19th. Hyperlid made $4.3 million [music] on just yesterday. Just yesterday, they made $4.3 million. I tell you, Hyperlid as a protocol is optimized for making money. They are making money hand over fist. Is it all just because they have, you know, a lot of people using it or is it because the fees are high? I don't know. I don't use directly like I'm sure I touch some of the Hyperlid ecosystem stuff, but I don't like sit on Hyperlid's main decks or [music] something like that and really look at it. Canton Canton on the radar with 1.4. Let's go look at Canton. So, if you come down here, we can pick something like

seven days. Let's Let's do seven days. Huh. I'm not used to seeing Canton on here being reported. We'll hit total revenue so we get these in order here. Well, who made F? Fogo. Fogo made $5 now. Fogo is literally built to uh reduce fees. It's reduced. It is drastically reduced some fees because $5 I don't think anybody's using it at all. Anyways, in the last seven days, Canon Network has outperformed Hyperlid. Is that a real thing? That came out of nowhere. I didn't see that coming. This is why we look at data. Wow. So, I don't know what's been going on, but it seems to me like Canton network was not being like reported and now they have it integrated and it's actually reporting because I would have noticed if Canton was number one. They've made almost $50 million

in the last month. [music] Canton Network, Hyperlids made about 32 million. Tron 26.8 million. Salana's made about 20 million. And then it goes down. Look, ETH is under 10. Everybody says, "Oh, ETH fees are so high and revenue can come from more than places than [music] just gas fees." But Canton is making good money. Makes me want to invest in them because if they make money, people are going to want to buy them. Let's look at the crypto ETF real quick. Hex Downunder says, "Yo, brother, load up on PulseChain coins. Liberty Swap Finance is the place. Get a bag." There you go. had a chance to buy hype at $2. That memory haunts me. Yeah, I'm [music] sure. Just like many of coins. Many of many of coins. And welcome back, Reliable Jay and Hex Down Under. Yep, definitely

some sauce there. Liberty Swap [music] Finance is the place to get a bag. Had a chance to buy BTC at $4. Don't let it bother you. Hey, I tr I hate to tell this story and I'm not going to tell the story story, but just know that like I tried to buy $20 worth of Bitcoin when I was like 19 for0 50ents. And I've thought about this for so long. I'm pretty sure the problem was crypto was so new back in those times. I was trying to use Kraken. I think my bank kept stopping the transaction from going through like a fraud prevention and I was too young. [music] I didn't understand. I'm pretty sure that's what happened. And I think my bank's fraud prevention uh is the reason why I I I did not I do not own

many many many many Bitcoin. I don't know how to feel about that. I don't I don't want to think about it anymore, guys. Let's move on. Uh let's see. So, inflows ETF inflows outflows. I love that you can toggle all of them off and just click something like Bitcoin. Bang. Of course, Bitcoin is going to have, you know, the biggest numbers. We had on the 18th, we had 300 million basically come into that ETF. About 200 million come in on the 19th. But let's go look at something like ETH. You'll see similar good days, but the numbers are going to be lower. 35 million and 81 million on the 19th. That's good stuff. Let's look at XRP. Same thing. all positive inflows, but XRP had about 2.6 million where on the 18th and 19th they had about 4.7 million.

And we'll get the numbers for today tomorrow. It's always kind of a day behind. Let's get back to the education real quick. So, bridge and message validation failures. A bridge usually depends on a message stating that someone happened stating that something happened on another blockchain, right? The destination system must answer a bunch of questions. Was the source chain event [music] real? Like, can we validate that it really happened? Was it finalized? If you understand how a blockchain works, did the correct validator approve it? Was the message already used? Are they double messaging? Right? Does the amount match what was locked or burned on the other side? Are the relayers and off-chain services trustworthy? If a false message is accepted, the destination may mint an unbacked token unbacked because the actual money isn't backing it, right? Or release assets that

should remain locked up. This creates a key distinction. A secure source chain and secure destination chain do not automatically create a secure bridge between them. So just because the source is secure and the the the destination is secure doesn't mean everything happening in between is on the up and up. The bridge introduces its own verifier contracts operators and operational assumptions. Basically a bunch of third-party stuff. This is why bridges have lost the most money than anything else in crypto. Governance capture. So, governance turns voting power into executable authority. That authority may control treasuries, upgrades, collateral listings, and protocol parameters. A governance attack asks whether [music] an attacker can obtain enough influence quickly and enough to pass a harmful proposal. Uh, a bonk automatically comes to mind. Of course, Hex is almost 300% on [music] the month. They are doing

very well. Exactly. Um, let's see. Hex down under says PD AI or Pulse DAI basically is potentially new decentralized stable coin. Yep. I've uh I've been around DAI a long time. P being the Pulsechain version. Says liked and subscribed. Welcome in. Welcome in. Cheers to that. Thank you for being here. And uh this community is going to grow. We're on the up and up. I know it. All right, I'm going to go scope it out. Nice. Let me know what you find, guys. Remember, this is the power of community. Whatever you guys go and find, whatever you're into, please come post something about it [music] in the there's a lot of tabs in the Discord. The Discord is free. You could post in the main hangout or if you want to look at the tabs on the side and

find a a [music] tab that's maybe more correlated, like if you're posting about a game, you might want to post in the game DeFi [music] tab. But either way, if you don't know where to post, just post in the main hangout. No worries. We would love to hear what you have to say. Just know that we'd love to hear your opinion. [music] Uh check the link if you see it. There there are links in Discord main hangout for PulseChain. Prime Minister, you have to scroll back to find it. We're going to Hey, if we have a lot of people come in from PulseChain community, I'll do that tonight. I will let me write that down. >> [music] >> Let me write down uh let me make a tab for pulse chain. We'll make a pulse chain tab so that

you can post everything PulseChain related in one place. All right. So we're talking about governance here. A governance attack asks whether an attacker can obtain enough influence quickly enough to pass a harmful proposal. Bonk. Relevant controls include voting power snapshot, proposal threshold, minimum quorum, voting delays, execution time locks, delegation transparency, limit on emergency veto authority. Governance security involves a difficult trade-off. Strong emergency controls can stop malicious proposals, but they can also concentrate authority into a smaller group that is problematic. and why flash loan attacks is often the wrong diagnosis. A flash loan can give an attacker temporary scale, liquidity, and it allow them to move the price of a shallow market, accumulate temporary liquidity, combine several protocol actions atomically, test whether an invariant survives an extreme state, right? They're testing for weaknesses. But removing flash loans doesn't necessarily repair

the underlining vulnerability. It just repairs the hacker's ability, sorry, not hackers, the exploiters ability to get liquidity. That's all you've solved, which is a part of it. And attackers with sufficient permanent capital could potentially reduce the same conditions. So, if we got rid of flash loans, sure, some some low-level bad guys would not be able to do stuff, but there's plenty of people out there with real capital who would still be able to exploit it with their own money. If the attacker had used their own money, would the protocol still have accepted the manipulated state? If yes, the root problem is the pricing, accounting, validation, design, not the loan itself. Why an audit is evidence but not a guarantee. Again, we talk about things are audited, but at the same time, if more stuff is upgraded and new stuff

is brought in after the audit, that stuff is not audited, right? They almost need to be audited like every time they do an update. Says, I put it in the DeFi hangout. I love to see people using that Discord. Everything in crypto is cheap. Buy before BTC starts its run again come November. Wish you all gains. No ego here. Hey, Hex Down Under. Sounds like you are the perfect person for this community. The way you said no ego here. I love to talk about all of it. I don't care if people get really really into one thing or another. That's their own prerogative and the beauty of people, right? They're not all the exact same. If people were all the same, this would be boring. Anyways, uh I love that sentiment and I echo that. No ego here. Question

about Pulse. Is Richard Hart still actively involved with his community? Uh Prime Minister, we just did a whole series on that [music] and I would say he's kind of starting up being more more talkative and he's been a little bit quiet, but he had a lot of lawsuits and things going [music] on. Somebody like Hex Down Under could probably tell you way more than me about it. They say prove X didn't explode just yet. So guys, check that out. We're here to make money, not to be right. Exactly. Hex down under. Exactly. Uh why an audit is evidence but not a guarantee. We know what an audit is. That's where somebody checks over the code of a particular project or ecosystem. An audit examines a defined code base, version, deployment, and scope at a particular time. Once time moves

on and different things happen, that audit could not be relevant to the new stuff. It may not cover future upgrades, operational key security. There you go. That doesn't typically wound up audited. Front-end infrastructure, governance behavior, every external integration, economic conditions that did not exist during testing, contract deployed on another chain with different configurations. Ethereum's current security guidance recommends layered defenses including access control, secure governance, reduce complexity, monitoring, audits, and bug [music] bounties. It also warns that unit testing alone is minimally effective because tests only examine scenarios developers thought to include. So, if the developers don't think to include a certain scenario, well, then they're not testing that scenario. What happens after a drain? So, coming full circle here, all that lawsuit stuff got dropped, I thought, when Trump came into office. It did all get dropped. uh it [music]

got dropped because they had no jurisdiction because they couldn't prove a connection to America with what they were accusing him of which is you know security uh exchange commission the SEC couldn't prove that he had enough purposely like he had purposely targeted American investors. They couldn't prove it and therefore it got dropped. I've been quiet if I was gonna uh peg PDAI to a dollar. I'd be quiet if I was gonna peg PDI to a dollar. Government will hunt him down. We need government to show us their Clarity Act rules first before it can be pegged, avoiding their laws, etc. Okay, that's very interesting. But correct me if I'm wrong. [music] Yeah, hex down under makes perfect sense. Yeah, I'm It's bull crap. Yeah, exactly. [music] Yeah, the usual regulation government stuff. They love to attack people in crypto.

They sure do. Uh we've had a little bit of a change of guard. I'd be really interested to see the behavior in this next bull market because we got rid of, you know, the public seems to target like people like Gary Gendler and stuff. And I wouldn't say that they're wrong to do that to blame them, you know, specifically as a person. and they are the head of that organization. So, I don't think it's wrong to blame them, but I think that there's more entrenched interest. There's people above them. There's people with a lot of pull and stuff like that who basically tell them what to do. You know, the people who got them into the position. So, is the new people what we call the change of guard? Are they going to do roughly the same things? Are

they going to do the same things with different talking points? What? Like, cuz I don't really care. I'm for me, I'm good at looking at what people say and then looking at what they do. And you will find a lot of times when you have a change of guard, the talking points, the way they present things, the way they talk and stuff will change dramatically, but the actions that actually get carried out will be relatively the same if there's not a legitimate change in guard. And this is government, guys, so you know how that goes. Uh your friend Somi, he will keep you in the loop daily. Uh where is that hexon under? Is that like on Twitter or is that where is that? I assume you mean Twitter, but I should ask just for the sake of it.

He will keep you in the loop. So yeah, just let us know. Is that on on X or is that on YouTube? Crypto is freedom. Governments know this is disrupts the rat race. Absolutely. Okay, hex down under will do. Red pill super cycle. Let's go. So, let's go to X real quick and look this up. Your friend Somi. Oh, he has a YouTube. Okay. Very interesting. Good stuff here. Yeah. So, it looks like it YouTube is really the place uh to follow him. He's got 36,000 subs. Good for him. I will probably actually go look at his content on YouTube because it's probably a lot more to the point. All right, let's talk about what happens after a drain and wrap up this education. I want to raise your crypto IQ. I told you about Somi in Miami. You

probably did, brother. And if I if I missed that detail, I'm very sorry. I should have probably pulled out my phone and followed it right then and there. Um, but now that you mention it, yeah, I do remember us talking about something like that. So, the response provides valuable information about a protocol's maturity. Watch for how quickly dangerous functions are paused, whether a team clearly identifies affected contracts. So, we're talking about what to look for after a drain happens, how quickly dangerous functions are paused, whether the team clearly identifies affected contracts, [music] whether unaffected systems are distinguished from the ones that were affected, how much information about what happened is coming to light, whether users receive actionable instructions, right? Do they tell people what to do? Uh, you know, how to operate after this drain so they know how

to protect themselves. Whether the post-mortem identifies the root cause, whether the deployed fix is independently reviewed, right? Not just told what went wrong straight from the people who had the exploit happened to them, but maybe a third party audit. Whether compensation is funded or merely promised, and whether the same architecture remains in use afterwards. This one's interesting. Compensation is funded, not merely promised. They can promise you whatever, but where are they going to get the money from? A transparent p a transparent postmortem does not erase the loss, but it allows users to judge whether the team understands what even failed. And that is the end of the underground crypto educational point. Uh, when you click the link in DeFi Hangout, hit the Somi mode button. When you click the link in DeFi Hangout, hit the Somi mode button. Okay.

Uh, Hexound says, "Peace out, troops. Crypto warming up. Don't fumble the bags." Absolutely. Thank you for being here. Have a great night and I hope to see you on another episode. 8:30 p.m. New York time, Monday through Friday. Saturdays are 10 p.m. I always throw that in at the end. All right, so where do we go from here? Let's go get trainers. We got another event here. A breach just opened up. Oh, portal. Okay. Okay. This game here has been coming soon forever. I thought maybe that's what was launching. Melissa says, "Good stream." I appreciate everybody who was here. We're almost at two hours of being live [music] tonight as usual. That's nothing new for us here. Let's see. I just hit all the wrong things. There we go. And welcome to Chainers. Links for everything we do are

in the description. Uh, with with crypto DeFi gaming heating up, should we have known that crypto BTC and things were going to start getting a lot more attention when we saw DeFi gaming getting a lot of attention? I don't usually correlate those things, but I I could see how they'd be correlatable. I don't know if that's a real word, but I'm using it all the same. And we're not quite done, but yes, the education and the keeping a pulse on the market. That part is on a wrap. Now we kind of have fun and hang out. What do we want to talk about? I can pay a little bit more attention to the chat. This is kind of like an intro. This is the way the stream would normally flow. This is like the intro to the membersonly stream.

And there probably won't [music] be a membersonly stream tonight, but soon they will be a constant every day after the stream, which you guys have to realize is a lot for me. I understand that I alone decide to to to provide that service. Nobody's making me do that, but I can't figure out a better time to do a membersonly live stream. I want there as the market heats up because really the idea is for when things start to become more bullish, which finally is starting to look like it's happening. I want there to be like a time set for people who paid their membership. It's $3 to have a a a controlled space to talk amongst each other, but also ask questions, uh, you know, encourage deep diving certain things. This is what's going to really allow us to

stay on top of everything moving so fast. It's going to require more hours from me for sure, but at the same time, I feel like it's going to really uh be very fruitful because who knows who might come ask questions what we might find while we're deep diving and when things really kick off, everything will be moving so fast that without that kind of attention to detail. And then of course there is bringing the actual uh people who may be new a little bit of time to like have their simple questions answered. And then of course they can always use the free Discord to do that as well. Will that Discord always be free? I don't know. You tell me. No. The answer is no. It won't always be free. Spoiler alert. So, you know, people who are already

there, I'm not exactly sure what I'm going to do, but I will definitely be doing something for you. Whether you'll be grandfathered in, you know, for for all time, will you get a, you know, a year for free? Will you get like a 90% discount? I don't know. I'll probably just grandfather everybody who supported me in as a thank you and then people after that will have to pay. It'll be a very small payw wall. I'm just thinking out loud here. I haven't exactly made those decisions and I don't exactly know when I'm going to do it. Right now, we don't have the bullish sentiment to even really worry about that. The point of me telling you this is that [music] if people are going to get grandfathered in, you might want to make sure you already are in

that Discord. I probably should say this at the beginning of the stream, but I digress. Yeah, it's been a great stream. I'm glad you feel that way. Struggle heart. Thank you for always being here. I'm glad you believe in raising your crypto IQ and hanging out with the crypto undergrounders. Many, many big things to come over time. Just give it a little bit of time. And I mean, if if we have bull markets and we have bare markets and we're in a bare market, it's only common sense that at some point there's going to be a bull market. I mean, I think that's pretty obvious, but not everybody seems to agree. And uh I think Robin Hood's CEO or creator or whatever owner going on the news and saying, "Uh, I think we're about to hit a super cycle,"

I think is a great catalyst to actually getting a super cycle. Sometimes to get a super cycle, you just have to tell everybody that there is a super cycle. Uh, prime minister, how do we how are we feeling about Tim? How are we feeling about that Tim coin? seems to be a project that you uh are pretty locked into. Definitely believe that's going to take off at some point. Ran in there and didn't even get the goods. I was too late. There we go. All right, we're well over a thousand now. I just love that I can finally crash out. Let him take us out there. Said, "Don't fumble the bags." Hey, it's good advice. It might not tell you how not to fumble the bag, but it is definitely good advice. Common White Lily. All right. Hey, that's

actually quite useful. It's not like a one-time use item, so I'll take it. And let's [music] pop over to everybody's favorite game, Kindra. Let's check out some Kindra for a second. I need to refresh it. I guess it's moving a little slow. Sorry, I was looking at Discord there for a second. All right, let's see if anything is new in Kindra. How long have we been doing this live stream now? [music] I don't even know. Dude, have we made it to 9 months yet? Has it been a year yet? Give this thing a [music] second. This is in browser, guys. So, it takes a little second just to get the feed going good and then it's nice and smooth. There we go. Let's take out Oh, wow. We can see our combat damage is nice. [music] So, that's new.

We're always looking for things that are new here. Let's go to the bank and [music] let's grab some swift potions. Here [music] we are. Says I only have one swift potion. Oh, that I put in the Okay. Doing the wrong thing. I'm putting stuff in. not taking it out. Let's grab five of those. All right. And we will roll out. Let's put Let's Let's put another thousand into our deposit here. Just kind of put a little money away. Easy to do in a game. Trade route. Yeah, absolutely. Do you do you need you need guarding? Do you need me to guard you or do you want to guard me while I run the trade route? What are you proposing here? Let's go down. >> Huh? Under skills. It doesn't Oh, we have a new collection thing. That's super dope.

Okay. Where does it show me like how much money I've got from trade routes and stuff? >> It was used to always be under skill. I don't know where it is anymore. Okay, whatever. No big deal. All right, click on myself and we hit I am live right now. There we go. All right, let's do the thing. I am uh I'm going to run a hard one. Can we handle it? Oh, I got to be closer to the trade route. Three, two, one, go. Okay, I do have my speed on and we got the button hit that we are live on YouTube. Melissa, are you racing me? Are we both running it? Oh, we messed. Okay, you put Yeah. Okay. I misunderstood the assignment. We can do it. We can do this together. We're both running it. Whoops. I

guess I really messed that up. My bad. I ain't getting no rest. Just run and keep healing. I was supposed to protect Melissa while why while we ran the route and I totally also ran a route. >> Don't know what I was thinking. Oh, the Kindra Cup is going. I really wanted to try a Kinder Cup. O, don't let him take you out. >> There we go. Heal. Heal. There you go. Oh, you died. >> All right, that's that's on me. That was completely my fault. >> I don't know why I thought I was running a route. Sorry, Melissa. All right, my bad. Let's If you want to run one, just let me know. I picked up the hunter signal. Wow. So, I did my complete trade route haul in one go. All right, I will redeem myself on

this one. This is exactly why I got the follow button or wanted the follow button. Shout out to play Kindra that the post I made about their free mint actually got like a thousand views which is pretty good for me over on Twitter. I never claimed to be a big shot. So far so good. I don't think anything has tried to attack you yet. The following on the mount is hilarious. I got your back. That's for sure. Wow. Are we going to get through with nothing attacking? Oh, you're an expert trader. That's pretty dope. All right. All right. It looks like there's a refresh to do. I'm going to do that real quick after I kill this boss. And then after I hit the refresh, if you want to run another one, just let me know. Are you maxed

out yet? All right, I did the refresh. Load him back in. Oh, I'm good. I'm I did one run. I did like the hardest run and that maxed me out in one go. So, I don't need to do any. So, if you need to do any, just feel free. I love that when you jump, the whole mount doesn't jump. I just think that's the funniest thing. I like it. I I honestly don't want him to fix that. Did you hear me, Melissa? I'm already maxed out in that one run. So, if you need to do any more, I'll I'll guard you. I wonder if he made the page explaining everything. What is this? Bag map emotes. Throw in snowballs. Ride dismount. Eat food chat controls and help. [music] And settings. Don't see anything in settings. Let's go to controls

and help. Okay. Huh. So, it doesn't look like we've got that yet. Let's kill zombie boss and void. Let's go. I think we could do that between the two of us. I do need to grab some fish. Give me one second to go fishing. Shouldn't take very long. I'm not going to try to I'm not going to try to stack that many of them. I'll just stack a couple. And if you think this game looks interesting and you're not already playing Kendra with us, uh you definitely should look at those links in the description. Real dis real uh DeFi gaming. I don't I I always think I know I've gone and looked at the uh tokconomics for Kindra, but do you think I remember them? No, I don't remember them. I got to go look at them. Of course,

anything can move up in value if more money flows in. But if the tokconomics are right like Lumina is, man, things can fly. Another project I'd kind of like to look and see what they did was like Clanker. Clanker has good tokconomics. Gossis has good tokconomics. Like they really stick out in my mind projects that have really good tokconomics. It can matter more than everything [music] else. Honestly, it can matter far more than, you know, say they have a great CEO. It's like, okay, they have a great CEO. That's a good start. But are the tokconomics good? Because if the tokconomics aren't good, then it doesn't matter if they have a great CEO. Things that took me a while to really learn. All right, Melissa, is that you? Let's go. Mellis. The calvary is here. I really wish they

would brighten this void up a little bit, but I mean, I guess the void is supposed to be dark. Oh, we're put working on them already. Oh, run away. I don't even try to like fight the minions too much. Oh. Oh, they're getting me. Got to really aggro them farther away, huh? You've got the strat down, don't you? Okay. So, your aggro doesn't even come after me, huh? Very interesting. So, this is Rottma M the undying. So far so good. I like that your mobs don't turn and come after me. Like that's pretty dope. Whoa, whoa, whoa, whoa, whoa. Was not paying attention to my health. All right, I think we got this guy. I think he's going down. This teamwork is dope. I wish we had two or three more of you out there. helping us take this

guy down. It's a good thing like in a lot of games if you left the boss alone like for this long he would start he would start healing himself you know his health would recover in a lot of games that's how it would go. Almost there. What are the drops on this thing? Is there any actual really like rare drops? I don't really pay attention a lot to the loot. You usually get like a Kindra chest and stuff like that. If you're just rolling in, smash that like button. He's down. Good job. Let's see. We got Rift Steel. We got Kindra crates, golden trout, grave ash, and uh you get like a time limit. We got rotting, not this time. 2.5%. Okay. Only got 80 gold, but we got 10,000 XP. That's pretty good. All right. I'm following you,

Melissa. Where are we going next? Yeah, we should join a party. That's a good idea. What other bosses do you think we could take down? What about that huge mech that was here that one day? Where did that mech go? So, when I follow you, it it doesn't take me through the portal with you. I definitely feel like that could be fixed. I say that as somebody with zero developing knowledge, maybe it could be fixed. Does it say that we're alive? Huh? It doesn't show up for me. Maybe it shows up for you. But I I got to do some grinding on some of these levels, though. At 7,000 gold, you can open an actual box. So, I don't know where you went. Where did you go, Melissa? The follow feature did not allow me to go through the

portal with you. Did you go into the wars? Let's hit map. You must have gone somewhere. The sea monster portal. Okay. Sea monster portal. I don't know what the sea monster portal is. Oh, the sunken Isles. Got you. So bone m is bone m the dragon. Yep. I'm already in. I never put down my hunter's ingot. I need to do that. For anybody who doesn't know, this is real DeFi gaming. I'm I'm very big on games being really decentralized, real blockchain games. There's a big part of this channel. There's a link in the description if you would like to play Kindra. You could link up with us. You could play with us live on stream. We'll help you grind out some levels. all of that good stuff as much as I can. I can't promise to be online 247,

but I will certainly get on and help you when I can. We have a free Discord link in the description if you're new to this channel where we could link up if you wanted to play some DeFi games, grind it out. But most of all, smash that like button if you love cryptocurrency. This is probably the best uh game on Robin Hood. I say that and then I immediately start thinking like, uh, what other games are there that I'm leaving out? There's a couple I haven't tried. I've seen Qatara. I haven't tried that. Well, you keep moving on me trying to click follow. There we go. I have not fought this guy yet. I don't think so. Maybe I did. Actually, I think I did. Oh, there's a Timber Rush. I'm gonna let Melissa get that one. Not going

to try to compete with her. That would be rude. All right, let's see. We got 315 gold out of that. I like that. Oh, this guy's back up. Why not take him out as well? Sugarart says, "Thanks again. Thank you for coming to the stream, Struggart. I hope to see you tomorrow." Tomorrow is D5 Friday. Yes, Dry Friday is so much fun for me. Defi Friday means I get to come. I get to chill. I don't have to prepare some in-depth educational segment. I love the educational, don't get me wrong. I learned so much and I'm kind of addicted to raising my crypto IQ at this point. I know I kind of coined that slogan, but I'm absolutely addicted to it myself. I was before I ever coined that slogan. I want to know as much as I can

about what I'm doing. Ooh, level 21. Let's go. And so long story short, Friday is kind of a nice break. I'm thinking about if if I do bring the streaming back on Sunday, so we go every day of the week. Um I think I'm going to do a pretty laid-back almost like a DeFi Friday kind of thing. Oh, two people have used the referral link. Let's go. They must have did it before. They they added 200 Kendra. So many things that I've said have been added. Uh shout out to the to the mods mods. I mean developers over here. If you can't tell, I'm a little tired. Uh shout out to the developers on Kendra for just being so in tune. So with it and uh just on the ball with everything. Can't say enough good things about that.

Where? Okay. So I think I want to increase. We I think we got what we got new axes. Huh? Where? I was somewhere. Maybe it was a blacksmith and they had better like axes and pickaxes and stuff. Okay, these are like weapons. So, I own this one. Wow, they go way up in price though. Let's see. Best sword is like 75,000 gold. I guess my next one will be uh 9,000 gold. What's the difference? 44 attack to 48 attack. Maybe I just grind and get to like that for Oh, no, no, no. From 38 to 44 to 48. So, maybe I just grind and get the 14,000. I do feel like that's only like two days of grinding. I have nothing else to do but grind daily combat points and bosses. All [music] right, no worries. I got to

hit this fortune wheel. Have you done your fortune wheel today? Get my free spin in. Let's go. 10x on the logs. I don't think 10 logs is going to get me very far. Uh let's go to the shrine and [music] see what we can donate. Things I am not concerned about. Logs. That would be that would be something I'm not concerned about. Oh wow. I've already put in 2,000 today. I don't think I'm going to play that long, so I'm not going to grab any buffs there. What else can I do? Oh, foraging. Definitely my foraging one. Very easy to do on these very fast mounts. That was not the right thing. That was iron. Definitely hit my forge. I think you can only do what? Yeah, you can only do 12 forages a [music] day. So, it takes

a while to upgrade that stat. I don't really know what the buffs are for it and continue taking out the bosses. Let's go. Didn't I already hit this one? Feel like I already did that one. Yeah, it'll regrow soon. So, we did this one over here by this guy. I'm glad that I finally can see my actual attack damage cuz I had no idea how much health the boss had, how much health I actually have, how much damage I'm actually doing. For a while, I was pretty unsure about that and uh still am. All right. Nine. See, 10. 11. And I got one more. [music] Let's take out this boss. Take all the bosses down. That's how you grind these levels, I guess. I don't know what the best way to grind level is, but got no gold out

of that guy. He was broke. He was a broky boss, that's for sure. All right, this is the last forge of the day. And let's go take out this guy over here. I would say he's the hardest boss, but the new one [music] I just unlocked over there, the hardest boss in like the starter area, there are definitely way harder places to be. Can't wait till the actual like dungeon is easy. And he's down. He also gave me zero gold. What's up with that? Am I maxed out on my gold here? Goss. Uh, boss purse. [music] Man, I'm getting tired. I am not even speaking English anymore. Oh, is that Melissa over here? I got to remember not that many people like have these mounts. A 1 in 12,500 chance to get this mount. The Ansom Bull. I love

the integration. You got the Ansom Bull mount. You got the Tendy's Robin Hood meme coin. uh you know, as one [music] of the things you can kill chickens and then basically make tenders. Uh it's pretty funny. Let's see where where are the little chickens? They're just out here roaming amongst all of these other mobbies. Huh? I don't even see any. Somebody must be must be farming those tendies. Love to see like the the acknowledgement of other things in the ecosystem. Wow, that one gave me four tendies. I didn't even realize that they gave Tindies like that. But I am going to be hopping off. Shout out to all my undergrounders. Thank you for being here on the underground crypto deep dive live stream. The game has Jimothy. Where is Jimothy? Melissa, where where's Jimothy at? Is there actually like

a Jimothy raccoon mob or something like that or is he like a pet? I'm right next to the pet guy. Here he is. All right. A monster [music] hit that would kill you leaves you at one once every 10 minutes. [music] Keep Okay, I like that. We're gonna buy Jimothy because how do we not have Jimothy? I love how they can integrate all of these different things. Look at Jimothy. I guess they couldn't make him like all, you know, despined or whatever. [music] He just floating. His little legs don't even move. That's pretty cool though. Again, I love the integration and just the understanding of other people in the ecosystem, other things relevant. Yeah, pet store. I already bought him. He was 3500. See, we get off our There we go. Now we can see him a little better.

Just a little raccoon companion. All right, guys. Stay on the ground. Stay crypto. Think long term. I will catch you in the show tomorrow night, 8:30 p.m. New York time is DeFi Friday. We will be kicking it. We could look at whatever, but we'll mostly be kicking it. [music] And I will see you then. Underground Crypto out. Shout out to the 12 people still on the stream all the way to the end. Yo, you guys are the real MVP. Join [music] that free Discord link. Let's hang out over there.