1 00:00:00,400 --> 00:00:06,440 We saw Bitcoin hit a high of nearly 72 K and then wicked all 2 00:00:06,440 --> 00:00:11,200 the way back down to 68 1/2. It looks like bit of a Darth 3 00:00:11,200 --> 00:00:14,080 Maul candle right there and we're now hanging out around 4 00:00:14,080 --> 00:00:15,720 70K, which is what we saw at the day. 5 00:00:16,200 --> 00:00:19,480 Few headlines to get through just being our staff. 6 00:00:19,480 --> 00:00:22,880 So it'll probably be a bit more quick for us today just by the 7 00:00:22,880 --> 00:00:27,040 nature of these conversations. But we're going to have a guest 8 00:00:27,160 --> 00:00:29,960 later of which OSF is right in the hoodie of right now when you 9 00:00:30,240 --> 00:00:32,119 can you stand up and and we can see that. 10 00:00:32,119 --> 00:00:33,800 Do you? Want to do it now or do you want 11 00:00:33,800 --> 00:00:36,000 to save it for like the? Oh, maybe we'll have a big 12 00:00:36,000 --> 00:00:40,080 reveal later. Today's show partner is merch or 13 00:00:40,080 --> 00:00:43,400 Mama merch. I'm thought, thought, unsure how 14 00:00:43,400 --> 00:00:45,360 to say that I think we're going to be corrected when they come 15 00:00:45,360 --> 00:00:48,760 on the show. But yeah, my my hoodie got lost 16 00:00:48,760 --> 00:00:52,320 in Portuguese customs. OSF appears to have have got 17 00:00:52,320 --> 00:00:54,560 his. Anyway, let's get straight into 18 00:00:54,560 --> 00:00:57,480 stuff. Bit of a volatile day. 19 00:00:57,520 --> 00:01:01,560 The the headline that came out just before we went live was 20 00:01:01,560 --> 00:01:08,480 that the ongoing court case between Coinbase and the SEC is 21 00:01:08,480 --> 00:01:10,840 not going to be thrown out. Remember this is a court case 22 00:01:10,840 --> 00:01:16,640 which basically started I think summer of last year and then 23 00:01:17,240 --> 00:01:19,920 they I think they had some hearings with the judges back in 24 00:01:19,920 --> 00:01:26,320 January and there was some there was some idea that this may get 25 00:01:26,760 --> 00:01:33,320 may get thrown out it's it's now been partially thrown out So it 26 00:01:33,320 --> 00:01:35,840 looks like let me just bring it up. 27 00:01:36,280 --> 00:01:38,600 It looks like part of the case which was there was a case 28 00:01:38,600 --> 00:01:41,240 against Coinbase wallet and there was a case against 29 00:01:41,240 --> 00:01:43,040 Coinbase. It seems like the case against 30 00:01:43,040 --> 00:01:47,560 Coinbase Coinbase wallet has been thrown out, but the one 31 00:01:47,960 --> 00:01:50,920 against Coinbase and and staking is going to continue. 32 00:01:52,160 --> 00:01:56,680 Your and my favorite, Fred or Adam Cochran came in hot with 33 00:01:56,680 --> 00:01:58,800 his take, which I thought was actually one of the better ones, 34 00:01:59,240 --> 00:02:03,920 which is court serves SEC on motion to dismiss. 35 00:02:04,000 --> 00:02:06,560 This means the court case will proceed to the court case. 36 00:02:06,560 --> 00:02:08,440 While I'm a bit surprised at the findings, this is not an 37 00:02:08,440 --> 00:02:10,840 indicator of how the actual court case will proceed that is 38 00:02:10,840 --> 00:02:12,600 true. To be clear, this has been 39 00:02:13,000 --> 00:02:17,040 expected that it wouldn't. It wouldn't be, or at least it 40 00:02:17,040 --> 00:02:20,480 was more likely that it wouldn't get thrown out. 41 00:02:21,160 --> 00:02:22,920 At least the whole case wouldn't get thrown out. 42 00:02:23,120 --> 00:02:24,800 So this isn't. This isn't particularly 43 00:02:24,840 --> 00:02:28,520 unexpected and doesn't mean that they've they've been found 44 00:02:28,520 --> 00:02:30,400 guilty or anything like that just means that the court case 45 00:02:30,400 --> 00:02:33,080 can go forward. He does follow up by saying, 46 00:02:33,080 --> 00:02:35,880 although more importantly it did side with Coinbase on the wallet 47 00:02:35,880 --> 00:02:39,600 issue, deciding Coinbase wallet was not a broker, which I think 48 00:02:39,600 --> 00:02:42,200 is important here which is good and good for D5. 49 00:02:42,480 --> 00:02:45,400 The only, the only staking program stuff is proceeding, so 50 00:02:45,400 --> 00:02:50,760 staking within the CES, within Coinbase, that's the thing 51 00:02:50,760 --> 00:02:53,600 they're going to get taken to court from, he said. 52 00:02:53,720 --> 00:02:55,400 And I think this win is important. 53 00:02:55,760 --> 00:02:57,720 Can sex offer staking? Maybe not. 54 00:02:57,720 --> 00:03:02,240 Can sex offer a embedded on chain wallet wrapping defy and 55 00:03:02,240 --> 00:03:03,960 doing staking on chain? Yes. 56 00:03:04,040 --> 00:03:08,840 So I actually think this is not so bad, but the market I think 57 00:03:08,840 --> 00:03:10,240 just panicked about it a little bit. 58 00:03:10,240 --> 00:03:12,960 But for me, I read this and go like right, well, you can 59 00:03:12,960 --> 00:03:17,480 actually have staking by your own custodial wallet that's kind 60 00:03:17,480 --> 00:03:18,520 of bullish for D5. What? 61 00:03:18,520 --> 00:03:20,160 What? What do you think here? 62 00:03:21,400 --> 00:03:23,720 Yeah, I think it's, it is bullish for D5. 63 00:03:23,880 --> 00:03:25,840 I think it is. I think I saw a few takes on 64 00:03:25,840 --> 00:03:29,960 Twitter talking about that. I think the important thing 65 00:03:29,960 --> 00:03:33,400 about this one is people I think didn't really understand the 66 00:03:33,400 --> 00:03:35,200 headline. Like Coinbase filed for a motion 67 00:03:35,200 --> 00:03:38,160 to to dismiss the headline. It doesn't mean Coinbase lost to 68 00:03:38,160 --> 00:03:42,400 the SEC to dismiss the case. It doesn't mean Coinbase have 69 00:03:42,400 --> 00:03:44,680 lost this case. It just means the case is still 70 00:03:44,680 --> 00:03:46,160 going to go ahead and still going to go to trial. 71 00:03:46,160 --> 00:03:50,280 So you know, it's yeah, like I guess if you're really hoping 72 00:03:50,280 --> 00:03:52,640 and pricing in that this case would be dismissed. 73 00:03:52,640 --> 00:03:54,600 It would to be honest with you, it would have been really, 74 00:03:54,600 --> 00:03:57,320 really bullish if that happened because it's just like fact the 75 00:03:57,320 --> 00:03:59,400 SEC just have no legs to stand on right now. 76 00:03:59,400 --> 00:04:01,320 But this case will still go to trial. 77 00:04:01,560 --> 00:04:04,440 We just don't know who's going to win. 78 00:04:04,440 --> 00:04:07,360 But, you know, maybe this is an indication by the court that you 79 00:04:07,360 --> 00:04:09,120 know, this will be a legitimate trial. 80 00:04:09,920 --> 00:04:11,880 Yeah I think it's it just says that they're going to go to 81 00:04:11,880 --> 00:04:14,120 trial. I I I still think that the 82 00:04:14,120 --> 00:04:15,520 Coinbase has got a good chance of winning. 83 00:04:15,520 --> 00:04:20,279 I remember I was reading things back in January by various 84 00:04:20,279 --> 00:04:25,520 different I guess lawyers you would say or or people who are 85 00:04:25,520 --> 00:04:27,040 familiar with the case. You said they didn't think it 86 00:04:27,040 --> 00:04:30,000 would get dismissed, but that it would go to trial and and the 87 00:04:30,000 --> 00:04:32,880 SEC would probably lose because it's similar to other cases that 88 00:04:32,880 --> 00:04:38,360 they brought and lost. So particularly particularly 89 00:04:38,360 --> 00:04:40,000 ones against exchanges in the past. 90 00:04:40,000 --> 00:04:43,960 So I don't know, but this when I read about this Adam Cochrane 91 00:04:43,960 --> 00:04:47,920 thing that this could now basically clear the way for for 92 00:04:47,920 --> 00:04:51,760 D5I do think, I do think we will rally on the back of that. 93 00:04:51,760 --> 00:04:53,520 I don't know. It's definitely not all 94 00:04:53,520 --> 00:04:55,680 negative. It was a very bad first headline 95 00:04:55,960 --> 00:04:59,040 which I think hit, which is basically that they had lost and 96 00:04:59,040 --> 00:05:02,000 then when you get into the nuances of it, it doesn't seem 97 00:05:02,000 --> 00:05:05,760 like a complete loss. In fact, it feels like 5050 here 98 00:05:06,760 --> 00:05:09,840 and it's definitely not a finality that they've lost on 99 00:05:09,840 --> 00:05:13,760 the on the actual case itself. So that's what caused us to go 100 00:05:14,800 --> 00:05:18,120 lower just then. We had had a pretty strong day 101 00:05:18,120 --> 00:05:21,760 before that. Like I said, just as the US went 102 00:05:21,800 --> 00:05:27,360 live, we hit just just shy of 72 K there, which is a decent, a 103 00:05:27,760 --> 00:05:32,440 decent figure. Oh God, Let me just bring up the 104 00:05:32,920 --> 00:05:37,000 the right thing here and that was mainly on the back of the 105 00:05:37,000 --> 00:05:39,600 ETF headline. So we had a very decent day 106 00:05:39,600 --> 00:05:43,160 yesterday in the ETF, the most strong day I think we've had in 107 00:05:43,160 --> 00:05:48,240 a long, long, long time, right. Let me just bring up ETS 418 108 00:05:48,240 --> 00:05:52,880 million of inflows into DTS. So yesterday, interestingly the 109 00:05:52,880 --> 00:05:57,160 GBTC outflow really has begun to slow down. 110 00:05:57,560 --> 00:06:02,200 But you also saw big big, big big inflows into the I bit into 111 00:06:02,200 --> 00:06:08,760 the Fidelity and Fidelity ETF. It kind of feels like this GBTC 112 00:06:08,760 --> 00:06:10,160 thing, they haven't got much left right. 113 00:06:10,160 --> 00:06:13,080 So we can start to look through that quite comfortably towards 114 00:06:13,080 --> 00:06:17,080 the end of the end of the week. Even this, even this headline 115 00:06:17,080 --> 00:06:20,240 for against Coinbase, is that really that negative for 116 00:06:20,240 --> 00:06:21,600 Bitcoin? It kind of feels like this. 117 00:06:22,040 --> 00:06:24,360 It's just still a decent environment where Bitcoin feels 118 00:06:24,360 --> 00:06:26,840 like it could it could push towards all time high. 119 00:06:26,840 --> 00:06:29,520 What do you think? Yeah, I agree. 120 00:06:29,520 --> 00:06:32,640 I think it's good to see a slowdown in the GBT. 121 00:06:33,200 --> 00:06:36,200 Yeah, the GBTC outflows, it's still large numbers. 122 00:06:36,200 --> 00:06:37,960 You know, it's still 212 million yesterday. 123 00:06:37,960 --> 00:06:39,320 That's not the lowest number this week. 124 00:06:39,720 --> 00:06:42,520 So those numbers have been pretty consistent. 125 00:06:42,520 --> 00:06:46,240 And the good thing about yesterday is we had some, some 126 00:06:46,240 --> 00:06:49,320 of the other ETS, but in some big numbers. 127 00:06:49,320 --> 00:06:51,840 So Fidelity for some big numbers in the last couple of days. 128 00:06:52,440 --> 00:06:55,000 Arc had a decent number yesterday, so it's good like 129 00:06:55,000 --> 00:06:57,960 418,000,000 is a really big inflow number again and that 130 00:06:57,960 --> 00:07:01,080 comes after a small number yesterday and then five days of 131 00:07:01,080 --> 00:07:02,960 consecutive outflows the the week before. 132 00:07:02,960 --> 00:07:05,280 So it's good and it's something definitely to get pulled up 133 00:07:05,280 --> 00:07:09,400 about and we'll just have to see how that progresses. 134 00:07:09,400 --> 00:07:12,440 I think like I think as you said markets kind of misread the 135 00:07:12,440 --> 00:07:13,640 headline a little bit and sold off. 136 00:07:13,640 --> 00:07:15,240 We've now bounced back pretty aggressively. 137 00:07:15,240 --> 00:07:19,000 I think we've we're back lower again a little bit today so 138 00:07:19,960 --> 00:07:24,000 things will just continue to be to be can't fucking speak today 139 00:07:24,400 --> 00:07:29,360 will continue to be volatile and I need, I need, I need Tom. 140 00:07:30,160 --> 00:07:31,200 I know, man. I know. 141 00:07:31,520 --> 00:07:33,840 I'm just tweeting out the FORL link for everyone here. 142 00:07:33,840 --> 00:07:37,120 You can just kind of see along. It's difficult when you have to 143 00:07:37,120 --> 00:07:38,480 speak so much, right? And it's just me and you. 144 00:07:38,720 --> 00:07:42,400 Yeah, Another thing worth noting by the way is also Fidelity. 145 00:07:42,440 --> 00:07:45,440 We've also filed an S1 for or. They just found an S1 for the 146 00:07:45,440 --> 00:07:46,720 ETF application. So. 147 00:07:48,280 --> 00:07:49,960 Yeah. So that that is the first time 148 00:07:49,960 --> 00:07:52,520 they've we've seen any sort of movement from any of the major 149 00:07:53,200 --> 00:07:57,160 providers they, they they filed, let me just bring it up. 150 00:07:57,280 --> 00:07:59,600 Yeah, and S. One father they father nineteen 151 00:07:59,600 --> 00:08:01,760 4B today and then they just filed the SS1. 152 00:08:02,040 --> 00:08:05,280 Oh, it seems to have been deleted, but yeah that that does 153 00:08:05,280 --> 00:08:08,360 show some movement in the in the ETF which is decent. 154 00:08:08,360 --> 00:08:11,880 We did have a slightly negative and a positive headline 155 00:08:11,880 --> 00:08:14,720 yesterday which is the DOJ was coming after Q coin which is 156 00:08:15,200 --> 00:08:16,960 which is I would say a second tier exchange. 157 00:08:16,960 --> 00:08:19,680 They were based I think out of the Seychelles, right for a long 158 00:08:19,680 --> 00:08:24,960 time and the DOJ came after them for money laundering in 159 00:08:25,800 --> 00:08:28,440 alongside this TFTC. The interesting thing about this 160 00:08:28,840 --> 00:08:32,679 was the CFTC named ETH and Litecoin as commodities in that 161 00:08:32,679 --> 00:08:36,360 case. So a little bit of a land grab 162 00:08:36,360 --> 00:08:38,880 again by the CFTC. Obviously there's been a lot of 163 00:08:38,880 --> 00:08:41,520 wrestling here about whether ETH is a security or not. 164 00:08:42,400 --> 00:08:46,680 I quite like the sack of tweet yesterday about, you know, this 165 00:08:46,680 --> 00:08:50,360 isn't great because I think Q Coin saw, you know, 800 million 166 00:08:50,360 --> 00:08:52,080 of outflows since that headline came out. 167 00:08:52,760 --> 00:08:56,640 But a few sex is getting sued in exchange to the CFCC hammering 168 00:08:56,640 --> 00:08:59,480 down on it's these tokens are communities, not securities. 169 00:08:59,480 --> 00:09:01,000 Get your shit together. Gary's stance. 170 00:09:01,080 --> 00:09:03,040 It's a fair trade. I kind of agree with that. 171 00:09:03,040 --> 00:09:06,280 If you if you have my own cue coin, maybe you're annoyed at 172 00:09:06,280 --> 00:09:08,200 the same time. This headline I think was 173 00:09:08,200 --> 00:09:13,440 broadly positive but it it still felt as though it has not 174 00:09:13,600 --> 00:09:16,760 really. It's it's it's kind of in line. 175 00:09:16,880 --> 00:09:18,880 It's not. I haven't really seen any major 176 00:09:18,880 --> 00:09:22,960 outperformance by any of these over the last over the last 24 177 00:09:22,960 --> 00:09:27,080 hours. Looks like over the last 24 178 00:09:27,080 --> 00:09:30,000 hours is down slightly. So long is down kind of I guess 179 00:09:30,000 --> 00:09:32,960 B2 adjusted that's probably down the most but bitcoins been the 180 00:09:32,960 --> 00:09:34,800 one that's still been outperforming at least over the 181 00:09:34,800 --> 00:09:41,160 last 24 hours. I I don't know like ETF it still 182 00:09:41,160 --> 00:09:44,280 feels as though the base cases this isn't happening but we are 183 00:09:44,280 --> 00:09:47,320 starting to see more evidence that that you could have tail 184 00:09:47,320 --> 00:09:50,360 events at this this could still go through the strongest one 185 00:09:50,360 --> 00:09:54,120 actually over the last 24 hours has been Doge mean coins again 186 00:09:54,120 --> 00:09:57,840 just having a very very strong period Doge going up towards its 187 00:09:57,840 --> 00:10:00,280 local high again. There's been a lot of positive 188 00:10:00,280 --> 00:10:04,360 sentiment about that. You obviously had had like with 189 00:10:05,000 --> 00:10:07,920 and some of the other Solana coins were hitting highs 190 00:10:07,920 --> 00:10:10,720 recently and Doge has kind of been quiet. 191 00:10:11,080 --> 00:10:14,000 But then it's taken over the last 24 hours I saw you, you 192 00:10:14,040 --> 00:10:19,120 hardly did a positive post by by trade main right? 193 00:10:19,120 --> 00:10:24,440 Like, what do you think here? Yeah, I just think he's, he says 194 00:10:25,920 --> 00:10:27,960 it's one of those. It's one of those things where 195 00:10:27,960 --> 00:10:31,720 like you, there's a few different trades out there where 196 00:10:31,720 --> 00:10:33,240 people like this should happen this cycle. 197 00:10:33,240 --> 00:10:36,440 If if the cycle is what we think it is, and one of them is Doge 198 00:10:36,440 --> 00:10:39,600 going to one another, 1-1, maybe Bitcoin to 100K, another one 199 00:10:39,600 --> 00:10:42,960 might be like ETH to 5K, whatever it is, Salon to 300, 200 00:10:42,960 --> 00:10:45,760 whatever it is. Yeah, I thought that was an 201 00:10:45,760 --> 00:10:48,240 interesting one because he's talks about Doge going to 1 202 00:10:48,560 --> 00:10:51,440 potentially this cycle, which is a possibility. 203 00:10:52,200 --> 00:10:54,480 And then he brings up the question of like you know what 204 00:10:54,480 --> 00:10:59,360 happens with WIF because it's now one of the biggest and 205 00:10:59,360 --> 00:11:00,280 premier memes. He calls about it. 206 00:11:00,280 --> 00:11:02,800 It's definitely one of the biggest memes by market cap and 207 00:11:02,800 --> 00:11:04,480 it's the new meme. It's the one that's been only 208 00:11:04,480 --> 00:11:07,080 been around for four months now or whatever it is. 209 00:11:07,080 --> 00:11:11,000 So it's an interesting point. It's like, you know, if Doge 210 00:11:11,000 --> 00:11:14,040 goes to like let's say it goes to 80 billion again or $100 211 00:11:14,040 --> 00:11:17,320 billion market cap, where does that put something like whiff 212 00:11:17,320 --> 00:11:19,120 and where does it put something like Pepe and all this other 213 00:11:19,120 --> 00:11:22,400 stuff they're? Getting very close, aren't they? 214 00:11:23,040 --> 00:11:24,360 I thought handsome tweeting about it. 215 00:11:24,600 --> 00:11:26,000 Obviously for over the last 70 days. 216 00:11:26,000 --> 00:11:28,640 WIP is up another 50%. Pepe is up 10. 217 00:11:28,720 --> 00:11:31,080 Percent. They're now within. 218 00:11:31,080 --> 00:11:32,680 They're basically at the same level here. 219 00:11:34,360 --> 00:11:35,720 Yeah, they've been tracking the same level. 220 00:11:36,080 --> 00:11:38,080 Yeah. I guess that yesterday was a was 221 00:11:38,080 --> 00:11:39,680 a big move. Well, the last seven days 222 00:11:39,720 --> 00:11:42,560 there's been a big move. I think Whiff did flip Pepe like 223 00:11:42,600 --> 00:11:45,280 momentarily a week, two weeks ago or so. 224 00:11:45,280 --> 00:11:47,960 But yeah, they're getting very close and if you flip Pepe, 225 00:11:47,960 --> 00:11:49,440 you're now the number three coin. 226 00:11:50,240 --> 00:11:52,920 Even without flipping Pepe, you're you're in the top 4 227 00:11:52,920 --> 00:11:55,600 coins. So, but it's the new coin as 228 00:11:55,600 --> 00:11:56,880 well. So it's definitely we're on 229 00:11:56,880 --> 00:11:58,480 Solana. So which which has its own 230 00:11:58,480 --> 00:12:01,920 narrative, like that's the thing, Doja is a certain change. 231 00:12:01,920 --> 00:12:04,360 Shib is in the RC20, Pepe's in the RC20. 232 00:12:04,640 --> 00:12:08,400 I don't even know what Floki is. I'm guessing it's an ERC 20, but 233 00:12:08,400 --> 00:12:10,880 WIF is the one that's on Solana. And I think Solana still has a 234 00:12:10,880 --> 00:12:13,920 very strong narrative this year. And you know, if Solana 235 00:12:13,920 --> 00:12:18,640 continues to outperform ETH this cycle, does that mean soul memes 236 00:12:18,640 --> 00:12:22,520 outperform ETH memes the cycle? I don't think the answer is like 237 00:12:24,040 --> 00:12:26,960 that transitive or or that obvious or clear, but because 238 00:12:26,960 --> 00:12:31,600 it's definitely a strong, it's definitely a strong narrative, I 239 00:12:31,600 --> 00:12:33,560 think. They're definitely taking up 240 00:12:33,560 --> 00:12:35,920 most of. The Yeah, yours sincerely from a 241 00:12:35,960 --> 00:12:38,200 from a whiff. Holder Yeah, exactly. 242 00:12:38,680 --> 00:12:42,440 But you know they're still dominating all the top trades, 243 00:12:42,480 --> 00:12:45,360 at least on Chain at the moment. We'll get into kind of what 244 00:12:45,360 --> 00:12:49,560 happened yesterday because I think some of the other 245 00:12:49,560 --> 00:12:51,960 narratives which have been pushed recently are are Blast 246 00:12:51,960 --> 00:12:55,040 and and and BASE. BASE had had a strong meme coin 247 00:12:55,040 --> 00:12:57,320 launch yesterday with the Roost it looks like Bruce went all the 248 00:12:57,320 --> 00:13:00,080 way up to like $150 million month. 249 00:13:00,560 --> 00:13:03,560 Well I could get that was a pre sale which did like a 10X or 250 00:13:03,560 --> 00:13:07,560 something like that and then blast blast blast blast this is 251 00:13:07,560 --> 00:13:09,520 quite a story over the last 24 hours. 252 00:13:09,520 --> 00:13:16,440 So it looks as though Munchables which was a which is kind of is 253 00:13:16,440 --> 00:13:22,240 like a defy gaming sort of play on on blast. 254 00:13:22,240 --> 00:13:25,320 It's not something that I ever ever was involved in but they 255 00:13:26,120 --> 00:13:28,240 they got hacked. They got hacked actually by 256 00:13:28,240 --> 00:13:30,080 their their own dev. It looks like this looks like 257 00:13:30,080 --> 00:13:32,760 the dev actually was basically four different devs at the same 258 00:13:32,760 --> 00:13:36,320 time which I thought was pretty funny based out of North Korea 259 00:13:37,760 --> 00:13:41,840 who took sixty. I think he upgraded the the the 260 00:13:41,920 --> 00:13:44,600 the code and and took 63 million of the treasury. 261 00:13:45,240 --> 00:13:48,800 There was pandemonium yesterday when that happened. 262 00:13:48,800 --> 00:13:53,200 A lot of talk about we need to roll back the chain fork, 263 00:13:53,240 --> 00:13:57,960 basically blast since before this export happened to try and 264 00:13:57,960 --> 00:14:00,440 protect everyone's funds, everyone was up in arms. 265 00:14:00,440 --> 00:14:02,800 And then in the end he just kind of gave it back. 266 00:14:02,800 --> 00:14:04,760 I didn't really, I didn't really follow. 267 00:14:05,080 --> 00:14:08,240 That's not, that's not normally what happens with North Korean 268 00:14:08,520 --> 00:14:12,920 hacks here. So it did feel as though, yeah I 269 00:14:12,920 --> 00:14:17,040 was surprised but yeah yesterday we saw Pac-Man come out and say 270 00:14:17,040 --> 00:14:20,800 look 97,000,000 has been secured in the multi stick by the blast 271 00:14:20,800 --> 00:14:22,400 Corps. Contributors took an incredible 272 00:14:22,400 --> 00:14:25,120 lift in the background by grateful the ex Munchables Dev 273 00:14:25,120 --> 00:14:27,960 opted to return all funds in the end without any ransom required. 274 00:14:29,160 --> 00:14:31,440 He gave it all back because also the money that I think Duke 275 00:14:31,440 --> 00:14:35,360 Finance which is the lending protocol had a pool related to 276 00:14:35,360 --> 00:14:39,480 Munchables which which also was basically taken and it's it's 277 00:14:39,560 --> 00:14:43,800 all been given back. What's your view here on on, on 278 00:14:44,000 --> 00:14:47,360 on this did you firstly did you think he should have rolled it 279 00:14:47,360 --> 00:14:48,600 back? There was a lot of questions 280 00:14:48,600 --> 00:14:51,680 about whether this was decentralized or not, and I 281 00:14:51,680 --> 00:14:54,360 don't know my my answer was just that I didn't really think 282 00:14:54,520 --> 00:14:56,080 anyone thought BLAST is decentralized. 283 00:14:56,080 --> 00:14:56,880 But what? What did? 284 00:14:56,880 --> 00:14:58,760 What did you think? Yeah, I think they should have 285 00:14:58,760 --> 00:15:01,480 rolled it back. I mean, don't forget ETH has a 286 00:15:03,400 --> 00:15:05,800 theorem is forked because there was this thing called the the 287 00:15:05,800 --> 00:15:09,000 Dow hack, I think back in 2016 or where it was and that was to 288 00:15:09,000 --> 00:15:11,840 the tune of similar amount, I think 60 or 70 million. 289 00:15:11,840 --> 00:15:15,760 So you actually have Ethereum Classic and which is the 290 00:15:15,760 --> 00:15:17,280 original Ethereum. And then you have ETH, which is 291 00:15:17,840 --> 00:15:20,520 what it is now before before that happened. 292 00:15:20,520 --> 00:15:23,120 So I do definitely think rolling it back would have been the 293 00:15:23,120 --> 00:15:24,280 right option. I think they found an even 294 00:15:24,280 --> 00:15:26,200 better solution, which was to get the guy to give back the 295 00:15:26,200 --> 00:15:29,080 money. But yeah, what a story. 296 00:15:29,080 --> 00:15:31,440 I mean that was just fucking mental, wasn't it, Zach? 297 00:15:31,440 --> 00:15:34,800 I mean Zach XPT really pulled through on this one. 298 00:15:34,800 --> 00:15:37,440 Like, he's like identified who the person is, said it's the 299 00:15:37,440 --> 00:15:39,120 same person showed where the funds are going. 300 00:15:39,440 --> 00:15:41,720 And the guy has to like, the thing about blast hacks, right? 301 00:15:41,720 --> 00:15:44,400 The guy you have to fucking bridge your blast, bridge your 302 00:15:44,400 --> 00:15:48,160 ETH back, which takes 14 days. So the guy must have been like, 303 00:15:48,160 --> 00:15:51,080 fuck, like I done this massive exploit, but now I have to 304 00:15:51,080 --> 00:15:53,240 bridge back. It's going to take you 14 days 305 00:15:53,600 --> 00:15:57,200 and yeah. He's this is really worth. 306 00:15:57,200 --> 00:15:58,360 Is it? Am I really going to be able to 307 00:15:58,360 --> 00:16:03,560 pull this off? This reply Come in hot Zac XPT. 308 00:16:04,000 --> 00:16:07,120 I was like, whoa. Yeah, I've never seen him like 309 00:16:07,120 --> 00:16:10,080 that before. Came and clap back at the North 310 00:16:10,080 --> 00:16:12,480 Korean devs who basically stole the money. 311 00:16:12,640 --> 00:16:14,400 Definitely came in hot. That's the hottest I've ever 312 00:16:14,400 --> 00:16:16,920 seen Zack get get. He normally gets. 313 00:16:16,920 --> 00:16:19,240 I mean, he gets kind of annoyed when people take advantage of 314 00:16:19,240 --> 00:16:22,760 him, but he definitely, definitely, crazily got that 315 00:16:22,760 --> 00:16:23,880 money back. A lot of people. 316 00:16:23,880 --> 00:16:27,120 I think he even tipped him send him money because this was huge. 317 00:16:27,240 --> 00:16:29,720 62,000,000 would be a massive hack. 318 00:16:29,800 --> 00:16:31,800 A massive hack. Huge hack. 319 00:16:32,280 --> 00:16:34,840 Yeah, Blast we have this. We, I mean we had a conversation 320 00:16:34,840 --> 00:16:37,120 in the background and we had this even this conversation on 321 00:16:37,120 --> 00:16:39,840 the show. My honest view is this, this is 322 00:16:39,840 --> 00:16:43,520 just the beginning for hacks on on on Blast and there's nothing 323 00:16:43,520 --> 00:16:47,080 against Blast. It's more that I think a lot of 324 00:16:47,080 --> 00:16:51,240 these protocols and new protocols, they were all fairly 325 00:16:51,240 --> 00:16:53,960 hurriedly pushed out at the same time in order to get all the 326 00:16:53,960 --> 00:16:56,160 points and the gold and all this sort of stuff. 327 00:16:56,160 --> 00:17:02,360 So they all had to launch at the same time and it's and often 328 00:17:02,360 --> 00:17:04,960 they haven't been on other chains, so like there was they 329 00:17:04,960 --> 00:17:06,800 obviously got nerve to their pronoun the chains. 330 00:17:06,800 --> 00:17:08,839 They haven't been really tested before. 331 00:17:10,440 --> 00:17:14,280 And to me it just means like if I was a hacker I'd be all over 332 00:17:14,480 --> 00:17:16,359 this ecosystem. Like it just feels like this is 333 00:17:16,359 --> 00:17:19,119 the place to be. Your point, which I completely 334 00:17:19,119 --> 00:17:21,240 agree with too, is that you don't actually really need to. 335 00:17:21,240 --> 00:17:24,200 I mean you can do all the gold stuff and interact with all the 336 00:17:24,200 --> 00:17:26,640 protocols, but you can just kind of chill and and still get 337 00:17:26,640 --> 00:17:29,640 points and and you obviously you're getting native yield. 338 00:17:30,480 --> 00:17:33,880 But yeah, what's your view on this about the BLAST ecosystem? 339 00:17:33,880 --> 00:17:37,480 Because I think it is in some ways picking up pennies in front 340 00:17:37,480 --> 00:17:39,280 of a steamroller when you see this sort of stuff. 341 00:17:40,480 --> 00:17:44,080 Yeah, I just think people, you know, there's there's always 342 00:17:44,080 --> 00:17:48,000 risks to this kind of stuff and something to remember, you know, 343 00:17:48,000 --> 00:17:49,920 we always talk about not your keys, not your crypto, right. 344 00:17:49,920 --> 00:17:52,760 So as soon as you put your money into a smart contract, which is 345 00:17:52,760 --> 00:17:56,040 like whatever you know this Munchables thing was, it is a 346 00:17:56,040 --> 00:17:58,080 smart contract where you you when you once you put it in 347 00:17:58,080 --> 00:18:01,720 there, you're no longer self custed custodying your crypto. 348 00:18:01,720 --> 00:18:05,120 Like if you put in your money into a smart contract to yield 349 00:18:05,120 --> 00:18:08,480 farm or whatever it is, you will no longer, you know, in control 350 00:18:08,480 --> 00:18:10,360 of it and you're at risk if that gets exploited. 351 00:18:10,360 --> 00:18:15,360 So you have to remember that it is a risk when you do that and 352 00:18:15,360 --> 00:18:17,240 you have to factor those risks into what you're doing. 353 00:18:17,240 --> 00:18:19,760 And I think people just forget that sometimes because they just 354 00:18:19,760 --> 00:18:22,120 feel like, oh, because it's still my decentralized wallet 355 00:18:22,120 --> 00:18:23,520 that's interacting with it. I still own it. 356 00:18:23,520 --> 00:18:25,640 But you don't actually own it. The smart contract owns it until 357 00:18:25,880 --> 00:18:28,120 you retrieve your funds. So it's always going to be a 358 00:18:28,120 --> 00:18:29,320 risk. And then you have to you know 359 00:18:29,320 --> 00:18:32,320 question like is it really worth doing all the all these things 360 00:18:32,320 --> 00:18:36,800 to make money when you could just own spot like, you know 361 00:18:36,800 --> 00:18:39,280 fucking spot Bitcoin now right. Which is still going to give you 362 00:18:39,280 --> 00:18:43,280 like massive you know, still giving you a great return or so 363 00:18:43,280 --> 00:18:45,960 the other coins like, I just think there's so much better 364 00:18:45,960 --> 00:18:50,480 risk upside downside in holding spot of good coins, even fucking 365 00:18:50,480 --> 00:18:52,080 meme coins because you know you're not going to get 366 00:18:52,080 --> 00:18:54,480 compromised or exploited or anything like that. 367 00:18:54,760 --> 00:18:57,200 And the worst thing is like doing one of these like things 368 00:18:57,200 --> 00:19:00,040 where you're trying to pick up yield here and there but you're 369 00:19:00,040 --> 00:19:02,520 not actually cost of doing your own crypto and then it gets 370 00:19:02,520 --> 00:19:04,760 exploited and then you're just like fuck, I I wasn't even doing 371 00:19:04,760 --> 00:19:06,840 something with like a huge amount of return. 372 00:19:06,840 --> 00:19:09,600 But I just perceived it was safe because I'm not like taking 373 00:19:09,600 --> 00:19:13,840 price risk, but I took massive operational risk and yeah, and 374 00:19:13,840 --> 00:19:16,400 just got screwed basically. So I think that's just for me 375 00:19:16,680 --> 00:19:20,760 that's something that people are not very good at assessing risk 376 00:19:20,760 --> 00:19:23,680 wise I think. Yeah, I think B Check put out a 377 00:19:23,680 --> 00:19:28,600 good tweet earlier, which is he thought I lost 12 Ethan 378 00:19:28,600 --> 00:19:31,160 Munchables. I've never been to an expensive 379 00:19:31,160 --> 00:19:33,400 Business School but I just thought I'd paid my tuition law. 380 00:19:34,040 --> 00:19:35,440 Now it looks like funds are safe. 381 00:19:35,440 --> 00:19:37,440 Here are my reflections. Don't follow big accounts 382 00:19:37,440 --> 00:19:39,360 necessarily. Size appropriately to risk 383 00:19:39,360 --> 00:19:42,040 managed cornering individual and blocking path out is not AW for 384 00:19:42,040 --> 00:19:45,520 decentralisation. He basically said this whole 385 00:19:45,520 --> 00:19:47,800 thing. I think everyone is is doing a 386 00:19:47,800 --> 00:19:52,600 lot of experimental things on blast and I think unlike maybe 387 00:19:52,600 --> 00:19:57,920 even other chains this is this is a more risky chain by nature 388 00:19:58,760 --> 00:20:00,320 you know like it is a lot of new stuff. 389 00:20:00,320 --> 00:20:02,400 So just be aware of that. I'm not saying don't do it. 390 00:20:03,080 --> 00:20:07,200 But this isn't, this is I think we're going to see a lot more of 391 00:20:07,200 --> 00:20:09,240 this. I I really, really, really do. 392 00:20:09,320 --> 00:20:12,800 But this is not going to be the the, the, the only time you see 393 00:20:13,480 --> 00:20:18,640 an exploit like this on BLAST and the the the concept of 394 00:20:18,640 --> 00:20:21,200 rolling back the chain. I think this was enough funds 395 00:20:21,440 --> 00:20:25,360 that they probably would, but if you see an exploit for like I 396 00:20:25,360 --> 00:20:28,680 would say less than 10 million, I don't think he'll be rolling 397 00:20:28,680 --> 00:20:31,520 back anything. So don't assume that you know 398 00:20:31,520 --> 00:20:34,440 there's a fail safe here for anything that isn't like a 399 00:20:34,440 --> 00:20:41,040 catastrophically big hack. Essentially, yeah, that's the 400 00:20:41,040 --> 00:20:42,280 thing. It's like, you know, once you do 401 00:20:42,280 --> 00:20:45,160 it once, you kind of set a precedent for the future and you 402 00:20:45,160 --> 00:20:48,400 can't just keep rolling it back. So it's really good. 403 00:20:48,400 --> 00:20:52,200 It didn't have to go down that route and they were able to 404 00:20:52,200 --> 00:20:56,160 solve this issue, but yeah. Yeah yeah so that was that was 405 00:20:56,160 --> 00:20:59,240 probably the biggest headline in terms of even NFT stuff because 406 00:20:59,240 --> 00:21:01,480 it feels like a lot of NFT people are involved in blast 407 00:21:01,480 --> 00:21:03,480 because obviously they're involved in blur and it's kind 408 00:21:03,480 --> 00:21:06,520 of moved on moved on to that. But it does it does still feel 409 00:21:06,520 --> 00:21:12,440 like NF TS are are are a little bit quiet the the main the main 410 00:21:12,440 --> 00:21:14,080 activity has definitely been in mean coins. 411 00:21:14,080 --> 00:21:17,880 I saw most of the Solana mean coins are still appear to be 412 00:21:17,880 --> 00:21:20,360 doing well I think when hitting all time high that we said with 413 00:21:20,400 --> 00:21:24,000 is about to flip. Pepe I saw you saw the headline 414 00:21:24,000 --> 00:21:27,160 that the UK now is now going to come down hard on on me one of 415 00:21:27,160 --> 00:21:33,440 the first jurisdictions to to really crack down on this and I 416 00:21:33,440 --> 00:21:35,520 don't know this kind of feels like we could see this from a 417 00:21:35,640 --> 00:21:38,320 bunch of different bunch of different countries. 418 00:21:38,320 --> 00:21:42,120 The headline is the UK is regulating memes about crypto 419 00:21:42,120 --> 00:21:46,720 and other investments to curb scams from influencers and I saw 420 00:21:46,760 --> 00:21:48,640 you put a tweet about that that earlier. 421 00:21:48,640 --> 00:21:52,280 Do you want to make just give a like ATLDR what this is? 422 00:21:53,080 --> 00:21:55,880 Yeah, it's, it's sort of guidelines on promotions. 423 00:21:55,880 --> 00:21:59,080 And in the UK you have something called financial promotions. 424 00:21:59,080 --> 00:22:01,440 So if you're promoting a financial product, you have to 425 00:22:01,440 --> 00:22:06,080 abide by certain things to get that promotional material out, 426 00:22:06,080 --> 00:22:09,480 which is usually things like mentioning the risks, you know, 427 00:22:09,480 --> 00:22:13,080 not inducing FOMO and maybe not talking about future prices 428 00:22:13,080 --> 00:22:16,720 without having shown historical price action, all this kind of 429 00:22:16,720 --> 00:22:18,520 stuff. Basically if anyone has ever 430 00:22:18,520 --> 00:22:21,600 done the CFA or studied finance financial ethics, you'll be 431 00:22:21,600 --> 00:22:23,560 familiar with a lot of these concepts. 432 00:22:24,280 --> 00:22:28,480 So what they're saying is, you know, that's historically 433 00:22:28,480 --> 00:22:31,040 applied to it should really apply to anyone to be honest 434 00:22:31,040 --> 00:22:32,760 with you. But the focus has really been on 435 00:22:32,760 --> 00:22:35,800 companies and companies have to often seek regulator approval 436 00:22:35,800 --> 00:22:37,920 before getting this communication out. 437 00:22:38,640 --> 00:22:40,920 I think what they've realised now in in recent times is 438 00:22:40,920 --> 00:22:44,400 obviously a lot of influencers are out there pumping and 439 00:22:44,400 --> 00:22:46,600 dumping crypto and saying crazy stuff. 440 00:22:46,600 --> 00:22:49,400 And they're basically saying crypto could potentially be a 441 00:22:49,400 --> 00:22:51,840 complicated financial product for which you would need to 442 00:22:52,320 --> 00:22:56,480 abide by the FCA rule book in terms of the communication that 443 00:22:56,480 --> 00:22:59,400 you put out there. And which I think is fair. 444 00:22:59,400 --> 00:23:01,280 Like it's it's it's good in a way, it's a good thing. 445 00:23:01,280 --> 00:23:06,120 It should protect people from you know buying rugs or pump and 446 00:23:06,120 --> 00:23:12,080 dumps and it creates a a higher standard for communication that 447 00:23:12,080 --> 00:23:14,280 people put out there, influencers put out there rather 448 00:23:14,280 --> 00:23:17,360 than just like the shit that KSI would tweet or whatever and then 449 00:23:17,360 --> 00:23:19,360 people go and buy it and then and the whole thing is down 450 00:23:19,360 --> 00:23:21,960 100%. The the big question here is 451 00:23:21,960 --> 00:23:24,960 like you know some of the articles and and the documents 452 00:23:25,320 --> 00:23:29,040 allude to even influencers requiring FCA permission before 453 00:23:29,040 --> 00:23:32,360 getting the communication out and if they're not authorized 454 00:23:32,360 --> 00:23:35,520 people and that's the bit which is I I think to me a step too 455 00:23:35,520 --> 00:23:37,560 far. Like you can't just stop all 456 00:23:37,960 --> 00:23:41,000 communication on crypto and just have everyone, every single 457 00:23:41,000 --> 00:23:45,320 thing needs to be approved. But rather I think you should 458 00:23:45,440 --> 00:23:47,440 make clear what's allowed and what's not allowed. 459 00:23:47,440 --> 00:23:50,480 And when someone breaks the rules, just like, you know, go 460 00:23:50,480 --> 00:23:53,200 after them and and and give them a fine or or a punishment. 461 00:23:53,440 --> 00:23:55,360 And I think that would do a much better job at policing it, but 462 00:23:55,360 --> 00:23:58,200 allowing for, you know, a little bit of the freedom of speech 463 00:23:58,200 --> 00:24:00,680 that we should have in crypto. Yeah, it's definitely 464 00:24:00,680 --> 00:24:03,760 heavy-handed and they've been a bit heavy-handed recently. 465 00:24:03,760 --> 00:24:07,800 A lot of crypto fans obviously left the UK a few months back 466 00:24:07,800 --> 00:24:09,600 when they changed from their advertising laws and then this 467 00:24:09,600 --> 00:24:11,600 is the next thing which is about meme coins. 468 00:24:11,760 --> 00:24:15,280 I would be unsurprised if you start to see other other. 469 00:24:15,520 --> 00:24:18,800 I think largely meme coins have kind of escaped the concept of 470 00:24:18,800 --> 00:24:22,520 regulation, right? Like even people that are just 471 00:24:22,520 --> 00:24:24,360 like, well, they're memes, you know, like they should have 472 00:24:24,360 --> 00:24:28,760 their own value, but they have. This is the first sign I've seen 473 00:24:28,760 --> 00:24:31,960 since this meme coin mania that kind of start to see governments 474 00:24:31,960 --> 00:24:34,000 start to move in. I I would be unsurprised if you 475 00:24:34,000 --> 00:24:37,400 saw stuff like this in the EU or or other jurisdictions 476 00:24:37,920 --> 00:24:39,280 relatively soon. But they are. 477 00:24:39,280 --> 00:24:41,800 That wasn't that wasn't a a great headline. 478 00:24:41,800 --> 00:24:46,240 I thought over the last over the last 24 hours it doesn't feel 479 00:24:46,240 --> 00:24:48,240 like we are bouncing back here. I do, I do. 480 00:24:48,320 --> 00:24:53,040 I would be so unsurprised if we if we start to see Bitcoin go 481 00:24:53,040 --> 00:24:56,080 back to 72 K There was a headline yesterday that that 482 00:24:56,080 --> 00:25:00,480 hedge funds have been shorting crypto stocks the most kind of 483 00:25:00,720 --> 00:25:04,880 amongst the most ever. I think it's 11 billion of 484 00:25:04,880 --> 00:25:09,800 crypto shorts on stocks like Micro Strategy, Coinbase and 485 00:25:09,800 --> 00:25:12,560 some of the miners. So I it feels as though there's 486 00:25:12,560 --> 00:25:16,080 a short base back in in crypto right now where I think we 487 00:25:16,080 --> 00:25:19,920 could, I think we could bounce even on on headlines, headlines 488 00:25:19,920 --> 00:25:23,680 like this. And then finally we saw that the 489 00:25:24,720 --> 00:25:28,320 that the Hong Kong again has come a little bit closer in its 490 00:25:28,320 --> 00:25:32,160 step towards getting ETFs. So I think, I think yeah we're 491 00:25:32,160 --> 00:25:35,520 in a decent step. The the, the final point for 492 00:25:35,520 --> 00:25:38,040 NFTS which came out just before we went live was to do with the 493 00:25:38,040 --> 00:25:40,480 Zuki. Izuki had been rallying for, has 494 00:25:40,480 --> 00:25:44,760 been rallying for the last couple of that was done the 495 00:25:44,760 --> 00:25:47,400 wrong way around. Anyway, the Izuki has been 496 00:25:47,400 --> 00:25:49,000 rallying for the last couple of days. 497 00:25:49,720 --> 00:25:54,680 We ended up with a situation where they announced today that 498 00:25:54,680 --> 00:25:58,320 there's going to be a chain, which I think was a rumour had 499 00:25:58,320 --> 00:26:00,160 been coming coming for a long time. 500 00:26:01,880 --> 00:26:04,960 It is a chain called Anime Chain and it's going to be on 501 00:26:05,000 --> 00:26:07,720 Arbitron. We're excited to bring the anime 502 00:26:07,720 --> 00:26:10,800 industry on chain with Anime Coin and Arbitron with our anime 503 00:26:10,800 --> 00:26:13,520 productions, games and physical products who will showcase the 504 00:26:13,520 --> 00:26:17,080 power of decentralized model for growing IP on Anime chain. 505 00:26:18,480 --> 00:26:22,400 That was all that was sent. I don't know if they oh they 506 00:26:22,560 --> 00:26:24,800 have a little bit here. So it looks like they're 507 00:26:24,800 --> 00:26:26,360 basically going to be using it to build IP. 508 00:26:26,400 --> 00:26:31,520 I don't really know why it needs to be its own chain, but what do 509 00:26:31,520 --> 00:26:34,240 you think here, this is this. I think this is basically been 510 00:26:34,240 --> 00:26:37,480 leaked leaked for a while, but and what's happened to Ozuki 511 00:26:37,480 --> 00:26:40,440 since that headline came up? It's it's that it's, you know, 512 00:26:40,440 --> 00:26:43,080 it's so funny. It was like uploads the last two 513 00:26:43,080 --> 00:26:45,240 or three days and then today it's just like down as people 514 00:26:45,240 --> 00:26:48,640 like dump their Ozukas into the the price section. 515 00:26:48,640 --> 00:26:51,360 It's just crazy how this information just gets out. 516 00:26:52,360 --> 00:26:54,240 Yeah, are you Bullet on anime chain? 517 00:26:55,240 --> 00:26:57,560 I like the idea of anime chain. You know, like I when someone 518 00:26:57,560 --> 00:27:01,360 told me Ozuki, you were doing a token and I went to go on there. 519 00:27:01,760 --> 00:27:05,720 I just expected there to be like some sort of random token as 520 00:27:05,720 --> 00:27:06,840 part of like a game or something. 521 00:27:06,840 --> 00:27:09,640 But then it's this whole thing called Anime Coin, which I 522 00:27:09,640 --> 00:27:12,680 thought was interesting. Like, it's a cool idea. 523 00:27:12,680 --> 00:27:16,280 I think I'm interested to see how it integrates into what 524 00:27:16,280 --> 00:27:18,280 they're doing. But it's something that was 525 00:27:18,480 --> 00:27:21,560 better than I would have expected Having you know, if the 526 00:27:21,560 --> 00:27:23,440 only information you gave me was there's there's going to be an 527 00:27:23,440 --> 00:27:26,760 Azuki coin. Yeah, I mean it it been rallying 528 00:27:26,800 --> 00:27:28,920 like you said the last week. It is interesting that as soon 529 00:27:28,920 --> 00:27:31,480 as that headline here everything just got dumped. 530 00:27:31,480 --> 00:27:34,200 So clearly this was private trading, private private 531 00:27:34,200 --> 00:27:36,680 information beforehand and and then it's been leaked. 532 00:27:36,680 --> 00:27:38,480 I mean I've even heard that this might be happening. 533 00:27:38,480 --> 00:27:43,600 So I'm sure people closer to Ozuki and I own 0 Ozuki. 534 00:27:43,600 --> 00:27:47,040 So I think people closer to that situation would have would have 535 00:27:47,040 --> 00:27:50,280 heard for sure. It's interesting to see it on 536 00:27:50,280 --> 00:27:53,840 Arbitram actually. You know you had you had a, you 537 00:27:53,840 --> 00:27:56,000 had Zion Arbitrary, which which obviously has done has done 538 00:27:56,000 --> 00:27:59,840 pretty well and now you have Azuki, which is you know whether 539 00:27:59,840 --> 00:28:03,400 you like it or dislike it or are looking at the price action it. 540 00:28:03,560 --> 00:28:07,000 It has really been one of the largest NRT projects out there 541 00:28:07,400 --> 00:28:09,360 in the last two or three years and it's done a ton of volume. 542 00:28:09,360 --> 00:28:12,600 So it's a really big project to go over onto Arbitrary. 543 00:28:12,600 --> 00:28:15,280 I think it's pretty, it's pretty noteworthy of that. 544 00:28:15,800 --> 00:28:20,960 Well, Pete side chair came out and said the node sale met was 545 00:28:20,960 --> 00:28:23,080 only possible in arbitrary because of the bridge eats 546 00:28:23,120 --> 00:28:24,960 totals. This is very important. 547 00:28:24,960 --> 00:28:27,720 So the amount of eats on options obviously very, very high. 548 00:28:27,720 --> 00:28:31,120 I think you saw Ether. I think it's cool. 549 00:28:33,040 --> 00:28:35,840 They did a node sale. I think this is an Arbitron too. 550 00:28:36,000 --> 00:28:40,280 And they sold like another hundreds of millions of of nodes 551 00:28:40,280 --> 00:28:45,440 essentially very recently. Obviously Zysoft sold all of its 552 00:28:45,440 --> 00:28:48,840 nodes. I would be very unsurprised if 553 00:28:48,840 --> 00:28:52,440 this Suzuki plan involves them selling nodes, which is 554 00:28:52,440 --> 00:28:55,840 basically like token bags which are going to be, which are going 555 00:28:55,840 --> 00:29:00,840 to dilute over time and that's basically how they're going to 556 00:29:00,840 --> 00:29:04,360 do the anime chain. So it's just because Arbitrage 557 00:29:04,360 --> 00:29:06,920 has so much heat on it. Like not many of these other 558 00:29:07,080 --> 00:29:10,800 chains can really actually support the idea they're going 559 00:29:10,800 --> 00:29:14,440 to do a massive heat sale. So I think that's where this is 560 00:29:14,440 --> 00:29:16,040 headed. I think we're going to see a big 561 00:29:16,040 --> 00:29:22,200 big EE node sale from from the from the anime chain is. 562 00:29:25,560 --> 00:29:27,240 It going to be a node sale thing as well. 563 00:29:27,960 --> 00:29:29,960 Well, they didn't say that. They didn't say that. 564 00:29:30,000 --> 00:29:32,800 But like this is very talent. This is put out, you know, just 565 00:29:32,800 --> 00:29:35,360 after the announcement. Do you think, do you think Pete 566 00:29:35,360 --> 00:29:36,640 came up? Do you think Size Chat came up 567 00:29:36,640 --> 00:29:40,000 with this himself? She's a genius. 568 00:29:40,000 --> 00:29:44,200 He's a complete genius. I mean, no cells have been so 569 00:29:44,200 --> 00:29:47,760 popular recently, right? Like, it's it's ever since I did 570 00:29:47,760 --> 00:29:51,400 them and they were popular last cycle with gala and then zai did 571 00:29:51,400 --> 00:29:53,800 them and obviously raised a few 100 million. 572 00:29:54,280 --> 00:29:56,800 Ether has now done them, raised a few 100 million. 573 00:29:56,800 --> 00:30:00,920 If I'm sitting there as a zuki and you can make a pitch that 574 00:30:00,920 --> 00:30:05,080 they can sell a few 100 million of nodes, that's pretty 575 00:30:05,080 --> 00:30:08,360 appealing, right? If you're running the Azuki 576 00:30:09,440 --> 00:30:11,880 Azuki chain or you're part of the Azuki team. 577 00:30:11,880 --> 00:30:14,280 So I think it's kind of a slam dunk what they're what they're 578 00:30:14,280 --> 00:30:17,320 going to plan to do here. Interesting like that was the 579 00:30:17,440 --> 00:30:19,800 only real NFC that saw decent body. 580 00:30:19,800 --> 00:30:22,840 Everything's a little bit lower. There was, there was some 581 00:30:22,840 --> 00:30:26,040 movement in sense, which is this Bitcoin thing, which I'm only 582 00:30:26,040 --> 00:30:30,760 really just reading about now. And there was the, what's it 583 00:30:30,760 --> 00:30:35,800 called the there's a gladiator thing which is related to that, 584 00:30:36,040 --> 00:30:39,600 that that meant yesterday the gaming gladiators, which rallied 585 00:30:39,600 --> 00:30:41,720 on the back of that. But yeah, it's been relatively 586 00:30:41,720 --> 00:30:46,560 quiet again in new NFNFT stuff. There's still some interesting 587 00:30:46,560 --> 00:30:50,080 stories here, particularly ones I think around around airdrops, 588 00:30:50,080 --> 00:30:53,400 which that's where you're seeing the majority of like the, I 589 00:30:53,400 --> 00:30:56,280 know, positive momentum, positive volume, but even even 590 00:30:56,280 --> 00:31:00,840 bitcoins, Bitcoin all took a little bit of a a a dip over the 591 00:31:00,840 --> 00:31:04,600 last 24 hours. So still feels like the focus 592 00:31:04,600 --> 00:31:06,240 for now is on is on meme coins.