1 00:00:00,320 --> 00:00:05,400 Yo-yo what up? Good morning, good morning GMB 2 00:00:07,880 --> 00:00:14,680 Wednesday Wednesday, Wednesday, Wednesday, Wednesday July 17th 3 00:00:14,680 --> 00:00:21,040 2020 look at that another beautiful day to have a 4 00:00:21,040 --> 00:00:24,280 beautiful day. I got my Co host in the house, 5 00:00:24,800 --> 00:00:26,640 Tyler Mando. How you guys doing today? 6 00:00:28,040 --> 00:00:31,880 Doing great man, how are you? I'm doing fantastic, a little 7 00:00:31,880 --> 00:00:34,800 tired, but doing great. Tyler, how you doing? 8 00:00:35,480 --> 00:00:39,040 Great sunshine, we got my roof fixed this morning so so no more 9 00:00:39,040 --> 00:00:41,480 leaks in our house. No more leaks. 10 00:00:41,720 --> 00:00:44,880 We're happy about that. No more leaks. 11 00:00:45,080 --> 00:00:46,920 Let's go. Corns are looking good this 12 00:00:46,920 --> 00:00:50,800 morning too, So Jan. Yeah, yeah, dude, I absolutely 13 00:00:50,800 --> 00:00:52,560 love to see how corns are. Definitely looking good. 14 00:00:52,680 --> 00:00:54,720 Well, they were looking a little better last night. 15 00:00:55,200 --> 00:00:56,800 They're still looking great. This morning. 16 00:00:58,160 --> 00:01:01,920 My last night was like last night's raging pump was so good 17 00:01:01,920 --> 00:01:03,640 to see. It was like around 10:00 PM. 18 00:01:03,640 --> 00:01:05,280 It was just on my computer just looking at everything. 19 00:01:05,280 --> 00:01:09,320 I was like, oh, this is so good. And in this moment, I am. 20 00:01:09,320 --> 00:01:10,680 What was it? No, what's that? 21 00:01:10,680 --> 00:01:12,440 What's that? What's that meme of like Kim 22 00:01:12,440 --> 00:01:16,040 Jong Un smoking a cigarette in the midst of it's so over. 23 00:01:16,600 --> 00:01:19,280 You know that one. We found we are so back. 24 00:01:19,520 --> 00:01:21,560 Yeah, yeah, yeah. That is that it was me just like 25 00:01:21,560 --> 00:01:25,840 smoking a Dube last night, 10:00 PM after like a long as day and 26 00:01:25,840 --> 00:01:27,680 I was just like in the midst of it's over. 27 00:01:27,720 --> 00:01:30,640 We found out we are so back. I love that. 28 00:01:30,760 --> 00:01:34,120 I love look, we even I'm in notifications right now of like 29 00:01:35,080 --> 00:01:38,320 ETFs picking their tickers and their fee amounts for ETF's. 30 00:01:38,920 --> 00:01:41,440 Let's go, let's go. We're so back. 31 00:01:41,440 --> 00:01:44,760 We are so, so back. It's almost that we never left 32 00:01:44,800 --> 00:01:47,120 Anyway, so the other show today, today we got an interesting show 33 00:01:47,120 --> 00:01:50,480 for y'all today, like every day, but market reports as usual. 34 00:01:50,520 --> 00:01:53,080 So of course we'll go through markets that are rage pumping 35 00:01:53,120 --> 00:01:55,040 bears and disbeliefs. Tweets are being deleted. 36 00:01:55,440 --> 00:01:59,280 You obviously love to see it. Then obviously Tyler's Tom 100 37 00:01:59,520 --> 00:02:01,560 as usual. Then last but not least, we'll 38 00:02:01,560 --> 00:02:08,880 be we'll be we will be joined by Johan Kerbat, who is the VP and 39 00:02:08,880 --> 00:02:13,680 GM at and not Good morning. That means general manager, but 40 00:02:13,680 --> 00:02:17,800 VP and GM at Robin Hood Crypto. So we reached out to that. 41 00:02:17,800 --> 00:02:19,800 We were talking to them when they were just buying the bit, 42 00:02:20,080 --> 00:02:22,920 the finishing the bit snap acquisition and figured why 43 00:02:22,920 --> 00:02:25,160 don't you come talk about that and a few other things that 44 00:02:25,200 --> 00:02:28,800 Robin Hood's got on their plate. So really excited to be able to, 45 00:02:28,800 --> 00:02:31,560 to chat with the VP of crypto there about all things crypto, 46 00:02:32,160 --> 00:02:34,960 his thoughts, his background and, and what's going on over 47 00:02:34,960 --> 00:02:38,120 there. Robin Hood, hopefully, you know, 48 00:02:38,120 --> 00:02:41,640 we can we can get them to to, to list all of our favorite coins. 49 00:02:41,840 --> 00:02:43,320 Just kidding. That's definitely not what we're 50 00:02:43,320 --> 00:02:45,560 going to do at Robin Hood today. Don't want to burn that 51 00:02:45,560 --> 00:02:48,800 relationship, but but we can manifest it anyways. 52 00:02:50,640 --> 00:02:53,120 Without further ado, let me get some retweets. 53 00:02:53,120 --> 00:02:55,560 Y'all, let's go. I want to see I want to see some 54 00:02:55,560 --> 00:02:58,720 love and what are we? Get right into it. 55 00:03:09,480 --> 00:03:11,600 Can you dig it? Yeah, GM everyone. 56 00:03:11,600 --> 00:03:14,560 So I think we're a little bit higher than what we did the show 57 00:03:14,560 --> 00:03:16,480 yesterday. But yeah, we did slightly come 58 00:03:16,480 --> 00:03:20,160 off the the local highs which happened kind of around last 59 00:03:20,160 --> 00:03:23,400 night in the in the last 24 hours. 60 00:03:23,400 --> 00:03:26,720 It's kind of been bullish headlines only to be honest, 61 00:03:26,720 --> 00:03:31,560 like we saw a the biggest influence of ETF in six weeks, 62 00:03:32,000 --> 00:03:34,600 which is just over 400 million in a day. 63 00:03:35,720 --> 00:03:39,560 You've seen people kind of taking the Mount Cox news and 64 00:03:39,560 --> 00:03:43,960 and saying, you know, it was overestimated the FUD and you 65 00:03:43,960 --> 00:03:46,080 see wells wells accumulate on the back of that. 66 00:03:46,480 --> 00:03:49,360 So still looking fairly decent. I think people are now starting 67 00:03:49,360 --> 00:03:51,560 to downplay Mount Cox as being a big deal. 68 00:03:52,400 --> 00:03:55,800 You show some very bullish headlines from various people in 69 00:03:55,800 --> 00:03:58,840 the industry about what to expect from the EPTF talk of, 70 00:03:59,000 --> 00:04:03,760 you know, E to 5K. We would see, you know, 5 71 00:04:03,760 --> 00:04:06,840 billion of inflows this this month as or by the end of the 72 00:04:06,840 --> 00:04:09,080 year, just decent, decent figures. 73 00:04:09,320 --> 00:04:14,600 You've seen There's AI think a press conference with the SEC of 74 00:04:14,600 --> 00:04:18,320 Ripple tomorrow and XRP running fairly aggressively. 75 00:04:18,320 --> 00:04:21,040 It's up another 35% this week. So there's expectation that 76 00:04:21,040 --> 00:04:22,560 they're going to come to a settlement. 77 00:04:24,680 --> 00:04:27,800 Yeah, just just bullish, more bullish stuff happening in 78 00:04:27,800 --> 00:04:28,920 crypto. I haven't really seen anything 79 00:04:28,920 --> 00:04:31,520 other than Mount Cox being being the one bearish thing. 80 00:04:32,600 --> 00:04:36,760 It has been a broad based rally. So we've seen quite a few 81 00:04:36,760 --> 00:04:40,840 different things in the AI space rally. 82 00:04:40,840 --> 00:04:44,920 You saw that that Grayscale announces before we went live 83 00:04:44,920 --> 00:04:50,040 that they they're doing like an AI style fund, which is a number 84 00:04:50,040 --> 00:04:54,440 of altcoins with AI, you know, slants to them, let's say. 85 00:04:55,160 --> 00:04:58,520 And that's meant that that bit of the, the market has felt 86 00:04:58,560 --> 00:05:01,320 pretty, pretty hot. World coin announced that they 87 00:05:01,320 --> 00:05:02,800 were going to delay some of their emissions. 88 00:05:02,800 --> 00:05:09,200 So that's like 40% today alone. So yeah, broader crypto, I've 89 00:05:09,200 --> 00:05:13,120 only really seen positive headlines and I think there's 90 00:05:13,120 --> 00:05:16,880 still a bit of a, a slow appreciation. 91 00:05:17,080 --> 00:05:20,200 You know, that JB Vance would also be a would be very bullish 92 00:05:20,200 --> 00:05:22,280 for crypto as well, which has led to a lot of bullish 93 00:05:22,280 --> 00:05:24,360 headlines over the last 24 hours. 94 00:05:24,360 --> 00:05:28,160 So yeah, looking good. There was some negative macro. 95 00:05:28,160 --> 00:05:30,920 We obviously hit all time highs across stocks again yesterday, 96 00:05:30,920 --> 00:05:37,560 but there was some negative back row related to related to chip 97 00:05:37,560 --> 00:05:41,000 stocks overnight, just that they might be facing some levels of 98 00:05:41,000 --> 00:05:43,480 bands again. The US is obviously working very 99 00:05:43,480 --> 00:05:47,360 hard to stop China from getting some of these AI chips or the 100 00:05:47,400 --> 00:05:51,920 high performance chips, and that took some stocks slightly lower 101 00:05:51,920 --> 00:05:53,920 today. But I don't know. 102 00:05:53,920 --> 00:05:55,920 I'm looking at everything right now and everything's looking 103 00:05:55,920 --> 00:05:59,000 good to me. To XR PS Up 40% this week. 104 00:06:00,560 --> 00:06:02,840 Yeah. Jesus Christ. 105 00:06:03,080 --> 00:06:05,240 Sets you up a lot like bring up that chart. 106 00:06:05,560 --> 00:06:09,880 Yeah, let's bring it up. It's it's since the since the 107 00:06:09,880 --> 00:06:14,600 local lows that's rallied very, very aggressively just because 108 00:06:14,600 --> 00:06:20,200 there's an expectation that they're about to get a A yeah, 109 00:06:20,200 --> 00:06:22,360 look at that and see let. Me just bring it up. 110 00:06:22,400 --> 00:06:24,520 Let me put the weekly. Oh, that's yeah, that's. 111 00:06:24,920 --> 00:06:27,640 It's by Mark. That's not XRP, right? 112 00:06:27,640 --> 00:06:29,560 Oh yeah, it is. XRP, that's called. 113 00:06:29,560 --> 00:06:31,040 Yeah, XRPUSD. There you go. 114 00:06:31,440 --> 00:06:38,200 Yeah. So it's basically up 50% in the 115 00:06:38,200 --> 00:06:41,080 last two weeks. So big, big move, move higher. 116 00:06:41,080 --> 00:06:43,520 Just there's an expectation that tomorrow there's going to be an 117 00:06:43,520 --> 00:06:45,600 announcement. We spoke about the idea this 118 00:06:45,920 --> 00:06:49,080 last week, right, that oh, sorry, yesterday that the SEC 119 00:06:49,840 --> 00:06:55,880 has been basically nullified in its threat to crypto here with 120 00:06:55,880 --> 00:06:57,680 this, with this ruling potentially, or at least it 121 00:06:57,960 --> 00:07:00,280 would be very, very difficult for them to pursue a lot of the 122 00:07:03,280 --> 00:07:05,920 enforcement actions. So I think they're probably 123 00:07:05,920 --> 00:07:08,880 going to try and settle or they're going to try and toss 124 00:07:08,880 --> 00:07:11,040 out cases which they don't think make them wow. 125 00:07:11,120 --> 00:07:15,040 So I think the other right, the eyes will be on here in my, in 126 00:07:15,040 --> 00:07:18,840 my opinion will be on the Coinbase lawsuit, all the other 127 00:07:18,840 --> 00:07:21,200 lawsuits against exchanges. So they have one against 128 00:07:21,200 --> 00:07:25,000 finance, obviously Kraken, they have one, Coinbase they have one 129 00:07:25,000 --> 00:07:28,640 and then they have, they have them against various different 130 00:07:28,760 --> 00:07:32,080 D5 protocols, although we haven't got the full details on 131 00:07:32,080 --> 00:07:33,840 that, but we know they have one against Uniswap. 132 00:07:34,200 --> 00:07:37,840 Madam Ask. I think they didn't. 133 00:07:38,320 --> 00:07:40,840 They no, they withdrew, but then they came back the next day. 134 00:07:40,840 --> 00:07:41,600 Yeah. Yeah. 135 00:07:42,160 --> 00:07:45,880 It came after the the fact that apparently it was operating 136 00:07:45,960 --> 00:07:49,720 securities. They remember he withdrew the 137 00:07:49,720 --> 00:07:50,880 next day. They sued them. 138 00:07:52,920 --> 00:07:54,880 There's a it's a it's a lot dude. 139 00:07:55,240 --> 00:07:58,560 The SCC is fighting a lot of crypto multi billion dollar 140 00:07:58,560 --> 00:08:00,600 companies. Then these people are not scared 141 00:08:00,600 --> 00:08:03,400 to lawyer up either. Like damn. 142 00:08:04,640 --> 00:08:07,280 They they've lost pretty much every single one I know. 143 00:08:07,480 --> 00:08:10,480 But that's easy. That's like I'm thinking like if 144 00:08:10,480 --> 00:08:13,040 I'm the head of the SEC like it's and I run this as a 145 00:08:13,040 --> 00:08:17,920 business even, like is it even smart to go after all these at 146 00:08:17,920 --> 00:08:20,720 the same time all these multi? Billion dollar. 147 00:08:20,760 --> 00:08:23,240 Companies. It's pretty pretty, yeah. 148 00:08:23,240 --> 00:08:25,440 Pretty costly. Oh. 149 00:08:25,680 --> 00:08:29,680 My God, even a lawyer there. They've probably lost a lot of 150 00:08:29,680 --> 00:08:31,240 and they've lost a lot of people, right? 151 00:08:31,520 --> 00:08:34,880 They did. So yeah, I don't know, I, I feel 152 00:08:34,880 --> 00:08:37,200 as though things is looking good for crypto. 153 00:08:37,200 --> 00:08:40,520 I think we we've we've rallied pretty aggressively right here. 154 00:08:40,520 --> 00:08:47,080 Like we're up 15% now on Bitcoin in what, just a few days. 155 00:08:47,480 --> 00:08:52,240 So maybe we just needed a, we were at 57 K on the 12th. 156 00:08:52,240 --> 00:08:55,600 So five days ago we were actually at 56 K. 157 00:08:55,840 --> 00:08:59,960 So five days ago we're at 56 K, now we're at 65 K. 158 00:08:59,960 --> 00:09:05,080 So we're up like just shy of 20% since then, maybe 1718%. 159 00:09:05,080 --> 00:09:08,600 So that's a decent move. Can you tell me what's going on 160 00:09:08,600 --> 00:09:13,960 with World Coin and why is it up 25% to a $30 billion fully 161 00:09:13,960 --> 00:09:16,000 diluted micro market? Do any of you know the 162 00:09:16,040 --> 00:09:19,240 open-ended question like I just saw this, I, I went by the by, I 163 00:09:19,440 --> 00:09:22,360 saw the XRP pump. So I, I categorized by 7 day 164 00:09:22,360 --> 00:09:26,760 like what's, what's up the most? And it's World Coin's up 55 165 00:09:26,760 --> 00:09:30,320 points. I said it, I said it what just 166 00:09:30,320 --> 00:09:33,440 before we went live or said it as we went live, that that they, 167 00:09:33,680 --> 00:09:36,320 they delayed their emissions. So remember World Coin has this 168 00:09:36,360 --> 00:09:41,040 unbelievable FTV because as all these unlocks happening, they 169 00:09:41,040 --> 00:09:44,120 delayed that emission schedule from three years to five years. 170 00:09:44,680 --> 00:09:49,000 So, and this is similar to a lot of altcoins right now. 171 00:09:49,000 --> 00:09:50,560 They have a decent short base on them. 172 00:09:50,560 --> 00:09:54,960 So when there's any sort of positive news, they can they can 173 00:09:54,960 --> 00:09:58,200 move up pretty aggressively. Huh I. 174 00:09:59,120 --> 00:10:02,080 Mean that's not that. That looks horrific, that chart. 175 00:10:02,240 --> 00:10:03,720 Right. I mean, I am, yeah, I'm just 176 00:10:03,720 --> 00:10:05,560 bringing up because we're talking about it, but I'm just 177 00:10:05,560 --> 00:10:08,480 like this is like this is like the perfect, like most of this 178 00:10:08,480 --> 00:10:11,920 token is controlled by like VCs and market market makers anyway. 179 00:10:11,920 --> 00:10:16,120 So it's like it's a full level. VCs own most of it, yeah. 180 00:10:16,320 --> 00:10:18,840 I'm pretty sure market makers and VCs own 80% of world coin. 181 00:10:20,800 --> 00:10:22,960 Yeah, that would make sense. Yeah, several things I've heard. 182 00:10:23,400 --> 00:10:25,560 I mean is there is there a bigger disconnect between market 183 00:10:25,560 --> 00:10:29,000 cap and FTV for any crypto major than? 184 00:10:29,080 --> 00:10:32,040 Than I don't think so dude like the what's the market cap like 185 00:10:32,040 --> 00:10:36,400 the actual. 130,000,000. 800 million. 2 1/2 percent. 186 00:10:38,080 --> 00:10:41,160 I mean XRP is pretty pretty big as well. 187 00:10:41,440 --> 00:10:45,560 Is it the gap like that? Let me see the XRP gap is so it 188 00:10:45,560 --> 00:10:51,240 went at least this was 33 bill, 33 bill and then this the the 189 00:10:51,320 --> 00:10:55,880 the the FDV 61 bill. The other one is a. 61 billion 190 00:10:56,360 --> 00:11:01,480 XRP is a $61 billion coin. Solana is a $93 billion FDV 191 00:11:01,480 --> 00:11:02,880 coin. Just put that into perspective 192 00:11:02,920 --> 00:11:09,440 like. Yeah, that is is interesting. 193 00:11:09,760 --> 00:11:14,640 I still think it's, I mean it's the only way to bet on Sam 194 00:11:14,640 --> 00:11:18,680 Altman via crypto. I feel like there is a lot of 195 00:11:18,680 --> 00:11:21,360 normie demand, there's a lot of retail demand for that. 196 00:11:22,320 --> 00:11:26,240 At 800 million market cap it sounds cheap like if you don't 197 00:11:26,240 --> 00:11:28,360 see the FTV. Yeah, yeah, if you don't see the 198 00:11:28,360 --> 00:11:30,920 FTV, you can get caught real quick in that trade. 199 00:11:30,920 --> 00:11:32,520 The. FTV is not cheap. 200 00:11:33,680 --> 00:11:37,080 You, you look at you look at the market only 800 mil for Sam 201 00:11:37,080 --> 00:11:38,640 Altman, like the guys worth more than that. 202 00:11:39,000 --> 00:11:44,240 And then you go and, and then you go and look at and, and then 203 00:11:44,240 --> 00:11:47,520 you look at the fully diluted and you're like, holy shit, this 204 00:11:47,520 --> 00:11:53,480 thing is a $30 billion. Oh my God, this is absolutely 205 00:11:53,480 --> 00:11:56,160 wild. In other news, and that's the 206 00:11:56,160 --> 00:12:00,120 latest I guess on the ETF that came out as the show started new 207 00:12:00,600 --> 00:12:07,040 21 shares ETF you will be .21% and the ticker is C ETH as as 208 00:12:07,040 --> 00:12:10,400 per their just filed a final S1. So it looks like you know, it's 209 00:12:10,400 --> 00:12:13,040 similar to to the last stretch of the Bitcoin ETF. 210 00:12:13,040 --> 00:12:15,280 So if you listen to the show, then you're probably familiar 211 00:12:15,280 --> 00:12:17,440 with this because we cover it every day, but you know, you're 212 00:12:17,440 --> 00:12:22,960 going to get all of the, you know, all of the S ones and all 213 00:12:22,960 --> 00:12:25,080 the takers and all the fees. And then it's going to be 214 00:12:25,080 --> 00:12:27,280 probably raised to zero at first for the fees, right? 215 00:12:27,280 --> 00:12:30,000 Remember, most of the Bitcoin TF fees were like 0% for the first 216 00:12:30,000 --> 00:12:32,560 six months or up to a certain amount of Bitcoin accumulated, 217 00:12:33,560 --> 00:12:34,720 depending how much they're making. 218 00:12:34,960 --> 00:12:41,320 So we'll see. We'll see where where that goes. 219 00:12:41,320 --> 00:12:46,520 There's also this news from the SEC Commissioner Pierce saying 220 00:12:46,520 --> 00:12:49,720 Ethereum ETFs being able to stay could be open to 221 00:12:50,400 --> 00:12:53,160 reconsideration. So that's like turbo bullish 222 00:12:53,160 --> 00:12:55,920 Ethereum news if you ask me. I think certainly something like 223 00:12:55,920 --> 00:12:59,280 staking or any feature of the product doors are always open 224 00:12:59,280 --> 00:13:02,720 for reconsideration as far as I'm concerned. 225 00:13:02,720 --> 00:13:06,800 So some this is we're talking headlines. 226 00:13:07,360 --> 00:13:09,320 This is like non-stop good headlines. 227 00:13:09,320 --> 00:13:11,400 You know what? Is there a world where Hester 228 00:13:11,400 --> 00:13:13,680 Pierce become SCC head head commissioner? 229 00:13:15,680 --> 00:13:17,000 I feel like. Anything's possible. 230 00:13:17,000 --> 00:13:21,080 I feel like this, like we're not ready for this potential pro 231 00:13:21,080 --> 00:13:24,120 crypto regime because we've just been so conditioned. 232 00:13:24,560 --> 00:13:29,480 She's a Republican, Piers is a Republican and she's like, she 233 00:13:29,480 --> 00:13:32,240 came to Denver, remember she tweeted about it and she 234 00:13:32,520 --> 00:13:36,240 remember doing the Stoner cat stuff when they Stoner cats. 235 00:13:36,640 --> 00:13:40,280 They got sued by the SEC, but then it it alleged that every 236 00:13:40,280 --> 00:13:46,600 NFT is a security in there. Well, then Hester Pierce was the 237 00:13:46,600 --> 00:13:49,280 first one very quick same day to write a letter saying that they 238 00:13:49,280 --> 00:13:52,240 disagree internally with the decision of the chair of the 239 00:13:52,240 --> 00:13:57,120 CSEC, Gary Gensler. So it's I, I, I could definitely 240 00:13:57,120 --> 00:13:59,040 see her like as the next chair of the SEC. 241 00:13:59,480 --> 00:14:01,480 It'd be a win. I mean, she's, she's logical, 242 00:14:01,680 --> 00:14:02,480 right? She's just reasonable. 243 00:14:02,480 --> 00:14:04,320 She's logical, right? Because if I'm not missing, 244 00:14:04,320 --> 00:14:06,680 correct me if I'm wrong, Tyler, how it works in the states is 245 00:14:07,080 --> 00:14:10,400 the governing party gets to pick the chair of the SEC. 246 00:14:11,520 --> 00:14:13,920 I believe so. I, I'm not like super in depth 247 00:14:13,960 --> 00:14:16,280 with all the inner workings of, of politics, but I believe 248 00:14:16,280 --> 00:14:19,320 that's how it works, yeah. I think they have a term that 249 00:14:19,320 --> 00:14:21,600 they have to serve. But if the party swings like 250 00:14:21,600 --> 00:14:25,640 changes, like I think they get to, they get to see. 251 00:14:26,520 --> 00:14:27,920 Yeah. See, Gary Gensler was nominated 252 00:14:27,920 --> 00:14:31,120 by President Joseph R Biden to serve as chair of the security 253 00:14:31,120 --> 00:14:34,640 exchange on February 3rd, 2021. So it's usually it's like you're 254 00:14:34,640 --> 00:14:37,120 appointed, right? And you have a term that you 255 00:14:37,120 --> 00:14:40,040 serve from, from from what I've read in the past. 256 00:14:40,040 --> 00:14:43,200 So anyway, so look, that's a good roundup. 257 00:14:43,320 --> 00:14:45,800 Bitcoins around, you know, see it's been hovering around 65K 258 00:14:45,800 --> 00:14:47,240 Mark, you know, a little over, a little under. 259 00:14:47,240 --> 00:14:50,200 We hit 66 K last night on a pretty big pump. 260 00:14:50,960 --> 00:14:54,000 Theorem is at 3450. Last time was about 35 plus. 261 00:14:55,080 --> 00:14:57,000 I mean, Solana is so good right now. 262 00:14:57,080 --> 00:15:01,320 This Mark dude. It's actually wild how every 263 00:15:01,320 --> 00:15:03,400 positive news is also directly impact Seoul. 264 00:15:03,400 --> 00:15:05,920 So BTC Seoul is going band for band in market cap. 265 00:15:05,920 --> 00:15:08,440 So you'd love to see that. Just adding billions on the 266 00:15:08,440 --> 00:15:10,960 market caps and the rest of the market being dragged up with 267 00:15:10,960 --> 00:15:13,320 memes higher. I mean the usual suspects. 268 00:15:13,320 --> 00:15:18,000 Your mog yesterday hit new all time highs above it was 925 mil. 269 00:15:18,000 --> 00:15:20,160 I caught at some point the Screener, so that's pretty. 270 00:15:20,160 --> 00:15:22,960 Wild too that they both they're just moving neck and neck it's. 271 00:15:23,040 --> 00:15:24,160 Why? They're just moving neck and 272 00:15:24,160 --> 00:15:26,120 neck at this stage, right? Like yesterday when Mark was in 273 00:15:26,120 --> 00:15:28,560 the 700, probably 800, but now it's the other way around like 274 00:15:28,560 --> 00:15:30,840 Mark is back above Pop Cats. Those two main cores were in 275 00:15:30,840 --> 00:15:34,520 band for band while Pepe and with who were the laggards 276 00:15:35,080 --> 00:15:37,480 recently are also back. I mean Pepe's just slightly 277 00:15:37,480 --> 00:15:40,440 pulled back on their 5 billion and with around 2:18, but both 278 00:15:40,440 --> 00:15:45,160 had an enormous rise alongside, you know, a bunch of bean corns. 279 00:15:45,160 --> 00:15:47,920 I mean, dude, I'm looking like as you see lock in, you see Chad 280 00:15:47,920 --> 00:15:50,640 Retardio, Billy Zen epic. Like there's a bunch of meme 281 00:15:50,640 --> 00:15:53,960 corns that are like bouncing on Solana and on Ethereum. 282 00:15:53,960 --> 00:15:56,280 Like you have also Trump that people are looking at on there. 283 00:15:56,280 --> 00:15:59,840 So it's really Ethan soul, like Daenerys are there and it seems 284 00:15:59,840 --> 00:16:01,360 like our ordinals are doing really good. 285 00:16:01,360 --> 00:16:03,120 Tyler yes, I was looking at that. 286 00:16:03,120 --> 00:16:06,680 But anyways, while we're talking about Tyler, when we get into 287 00:16:06,680 --> 00:16:21,800 your top 100. Yes, so crypto majors up another 288 00:16:21,800 --> 00:16:25,160 one to 2% on massive ETF inflows from the day. 289 00:16:25,160 --> 00:16:29,440 BlackRock with $260 million just themself, they've now got $21 290 00:16:29,440 --> 00:16:32,760 billion in in Bitcoin, so a massive amount from them. 291 00:16:33,080 --> 00:16:36,760 Rollcoin leading alt up 40% on the day as the team extends 292 00:16:36,760 --> 00:16:39,360 their unlocks. Nate Silver, he's joined 293 00:16:39,360 --> 00:16:42,600 prediction market Polymarket as an advisor, bringing his 294 00:16:42,600 --> 00:16:47,240 expertise from years of election modeling to that leader in NFT. 295 00:16:47,240 --> 00:16:49,400 There's there's kind of a lot yesterday, so we had eight coin 296 00:16:49,480 --> 00:16:52,320 they shared a new ape chain website, a new telegram, a New 297 00:16:52,320 --> 00:16:55,200 Testament in a big announcement last night and the board of apes 298 00:16:55,200 --> 00:16:59,040 also shared. Now we know why the made by apes 299 00:16:59,040 --> 00:17:03,720 was taken off NBA Made by apes 2.0 will be coming on ape chain 300 00:17:03,720 --> 00:17:06,520 soon. So it was all tied together. 301 00:17:06,720 --> 00:17:08,800 NBA not going away. Ape coin responded. 302 00:17:08,800 --> 00:17:11,040 It was up 5% on the day to 83 cents. 303 00:17:11,400 --> 00:17:15,440 Doodles debuted the first teaser for their short film Dullsville 304 00:17:15,440 --> 00:17:17,760 and the Doodles Worst. It features several core 305 00:17:17,760 --> 00:17:20,040 community members, some notable PFPS. 306 00:17:20,280 --> 00:17:22,760 The trailer, I've watched it a few times, it's good. 307 00:17:23,079 --> 00:17:25,640 Got me excited for the movie. We can talk about that more in a 308 00:17:25,640 --> 00:17:27,839 bit. Blast announced their bridge has 309 00:17:27,839 --> 00:17:30,840 now shortened from 14 days to seven days, so you can get your 310 00:17:30,840 --> 00:17:36,240 funds off faster. Coinbase posted a cryptic cat 311 00:17:36,240 --> 00:17:40,120 video yesterday, then followed it up with a Meow NFT mint link 312 00:17:40,120 --> 00:17:43,200 in a description. Come back on 7/17 which is today 313 00:17:43,600 --> 00:17:45,720 already 300,000 mints on this thing. 314 00:17:45,960 --> 00:17:49,720 Just 21,000 owners though. And then in Ordinals UT Meow 315 00:17:51,040 --> 00:17:55,120 Leonidas shared new mint for his upcoming Boldnalls drop. 316 00:17:55,120 --> 00:17:58,520 I think this is going to be the most hyped drop we've seen on 317 00:17:58,520 --> 00:18:02,360 Bitcoin in in months. Most likely that's not. 318 00:18:02,360 --> 00:18:04,360 Right, Well, that's a good round up. 319 00:18:04,360 --> 00:18:06,120 Can I just say how disappointing I was? 320 00:18:06,440 --> 00:18:09,360 Maybe my hopes were higher for the Coinbase thing, but it's 321 00:18:09,440 --> 00:18:12,120 like all this hype, everyone's losing their shit. 322 00:18:12,160 --> 00:18:14,800 Of course, I did not expect it to be a cat coin listing, by the 323 00:18:14,800 --> 00:18:17,160 way, like this just not how Coinbase works and operates. 324 00:18:17,160 --> 00:18:19,800 But I was just like, bruh, at least they picked a Persian cat. 325 00:18:20,240 --> 00:18:22,320 You know I'm Persian, Persian cat. 326 00:18:22,400 --> 00:18:28,400 You know Persian's in control. Just a matter of like, so I'm 327 00:18:30,000 --> 00:18:32,400 I've gotten suckered into these like some of their early 328 00:18:32,400 --> 00:18:34,960 Coinbase MTS, like I went through and mentioned on 100 329 00:18:34,960 --> 00:18:39,120 wallets, it was like these maybe we'll get the token for this 330 00:18:39,120 --> 00:18:40,200 like. How many? 331 00:18:40,760 --> 00:18:43,520 How many of that fly you got from X copy? 332 00:18:43,880 --> 00:18:47,280 How many of that one you got? I went lighter on the fly by X 333 00:18:47,280 --> 00:18:49,920 copy because I kind of learned my lesson by by then. 334 00:18:50,800 --> 00:18:53,360 It's like every one of these Coinbase MTS, it's just the same 335 00:18:53,360 --> 00:18:55,960 thing. I love that there's two things I 336 00:18:55,960 --> 00:18:58,200 want to quickly go over with you before we go to Joe here. 337 00:18:58,200 --> 00:19:02,120 He's in the studio. But doodles, I was I was talking 338 00:19:02,120 --> 00:19:03,760 to logs last night. I was like, so how's this doodle 339 00:19:03,800 --> 00:19:05,160 thing? Because I was watching it when 340 00:19:05,160 --> 00:19:07,120 he called me and I said, ask your kids, right? 341 00:19:07,120 --> 00:19:09,520 Because it's a cartoon. I personally thought it was 342 00:19:09,520 --> 00:19:11,360 good. I saw beanie give doodles some 343 00:19:11,360 --> 00:19:13,000 flowers this morning. That's probably the last thing I 344 00:19:13,000 --> 00:19:14,600 was expecting to see on my timeline. 345 00:19:14,960 --> 00:19:16,640 I thought it was good for for for this. 346 00:19:16,640 --> 00:19:18,200 But did you did your kids watch it? 347 00:19:18,200 --> 00:19:19,960 Tyler? I'm curious to see what kids 348 00:19:19,960 --> 00:19:21,560 think of this because it's a it's a cartoon, right? 349 00:19:22,400 --> 00:19:25,600 It is a cartoon, so my kids are three and four. 350 00:19:25,600 --> 00:19:29,920 I feel like this is a little bit older because maybe geared a 351 00:19:29,920 --> 00:19:32,320 little bit like maybe 7:00 to 12:00. 352 00:19:32,360 --> 00:19:35,240 I actually was very intrigued by this trailer. 353 00:19:35,760 --> 00:19:37,720 I feel like they didn't give away too much of the plot, but 354 00:19:37,720 --> 00:19:40,800 you got an introduction to like this universe that it's set in 355 00:19:40,800 --> 00:19:43,160 the Dulesville. You understand like what is 356 00:19:43,160 --> 00:19:45,280 happening, but you don't really know the plot of this movie, 357 00:19:45,280 --> 00:19:47,320 which which I like. They didn't give it away. 358 00:19:47,720 --> 00:19:50,400 It features music by Pharrell directed by burnt toast, 359 00:19:50,400 --> 00:19:52,400 produced by golden wolf, Golden wolf. 360 00:19:52,600 --> 00:19:56,840 It features little tune, little yachty core, the Ray, little 361 00:19:56,840 --> 00:20:01,240 Wayne and I think part maybe the most important part, it actually 362 00:20:01,240 --> 00:20:05,000 features some of the PF PS from their core community members. 363 00:20:05,000 --> 00:20:06,960 Some of their core holders like Jay Fells is in there. 364 00:20:07,320 --> 00:20:09,960 Nathaniel who who I see all over my timeline. 365 00:20:10,520 --> 00:20:13,560 I think that's really cool. Like to actually see your PFP in 366 00:20:13,560 --> 00:20:16,280 a short film that's going to be debuted at this Toronto Film 367 00:20:16,280 --> 00:20:20,160 Festival and likely going to see a lot of a lot of coverage and, 368 00:20:20,160 --> 00:20:22,240 and air time. I mean, I'd, I'd personally love 369 00:20:22,240 --> 00:20:25,040 to see my PFP in a movie like this one day. 370 00:20:25,040 --> 00:20:27,440 And I think the other takeaways, it just looks really, really 371 00:20:27,440 --> 00:20:28,920 well done. I'm like, yeah, I want to see 372 00:20:28,920 --> 00:20:31,560 this. I I agree, isn't the last part 373 00:20:31,560 --> 00:20:34,200 where where Lil Wayne is on this part is invite only? 374 00:20:34,200 --> 00:20:38,720 Where do we get this invite? You got to know somebody that is 375 00:20:38,720 --> 00:20:43,800 the Wayne know somebody. Yeah, but he's, I think that's 376 00:20:43,800 --> 00:20:47,240 Jay Fell's skeleton too, right? Yeah, it is a little Wayne 377 00:20:47,600 --> 00:20:49,880 rocking the the skeleton there. I think that. 378 00:20:50,240 --> 00:20:51,920 Was a pretty he did a good job, man. 379 00:20:51,960 --> 00:20:54,200 You know what, like you know, you got to give like you know, 380 00:20:54,200 --> 00:20:58,440 it's easy to go the NFT PFPS and this and that like I they did 381 00:20:58,440 --> 00:21:00,080 agree. I'm going to share it real quick 382 00:21:00,280 --> 00:21:01,680 and I did it. I want to show them some love, 383 00:21:01,680 --> 00:21:04,720 but they did a good job. I watched it as well last night. 384 00:21:04,720 --> 00:21:08,400 I had the same reaction as you, Tyler, You know, you at some 385 00:21:08,400 --> 00:21:11,000 point, like you got to give, you got to, you got to give credit 386 00:21:11,000 --> 00:21:13,360 where credit is due, like they, they, they did a good job, you 387 00:21:13,360 --> 00:21:14,440 know. Yeah. 388 00:21:14,440 --> 00:21:16,000 And they've been working on this for a long time. 389 00:21:17,840 --> 00:21:19,160 Yeah. Then then the market sells off. 390 00:21:19,280 --> 00:21:21,760 So like it's, it's just hard to, it's hard to please. 391 00:21:22,360 --> 00:21:25,880 Is it, I mean, just the market is relentless, dude, what are 392 00:21:25,880 --> 00:21:27,280 doodles at? Because when you talked about it 393 00:21:27,280 --> 00:21:29,720 last week being undervalued, yeah, they're down from from 394 00:21:29,720 --> 00:21:32,480 there. Yeah, 1.6 I mean, I don't know 395 00:21:32,520 --> 00:21:36,040 what's if I and and E PFP right now. 396 00:21:37,120 --> 00:21:38,360 Dudes got to be at the top of the list. 397 00:21:38,360 --> 00:21:41,920 I keep saying that there's doing so much like guys, I don't know 398 00:21:41,920 --> 00:21:44,640 what you what you seem to do. What do you guys think in the 399 00:21:44,640 --> 00:21:46,080 comments? I mean, a bunch of comments for 400 00:21:46,080 --> 00:21:48,360 people saying that, you know, they they thought it was great. 401 00:21:48,360 --> 00:21:51,760 So I'm only seeing I've only seen positive comments, right? 402 00:21:51,760 --> 00:21:54,920 Like even if someone, even if it's not like down your stuff 403 00:21:54,920 --> 00:21:57,640 that you usually watch, like it's good, it's well done, it's 404 00:21:57,680 --> 00:21:59,640 on brand. It's actually perfectly on 405 00:21:59,640 --> 00:22:03,360 brand. So this definitely did some good 406 00:22:03,360 --> 00:22:05,080 work, I think. Didn't Julian reach out to you? 407 00:22:05,080 --> 00:22:06,680 I think we should just talk to you about this on on there, I 408 00:22:06,680 --> 00:22:08,840 think. You get Julian on you will call 409 00:22:08,840 --> 00:22:11,440 first hand. Castro Wob like I'm seeing 410 00:22:11,440 --> 00:22:14,000 founders, I'm seeing apes like Penguins, like seeing people 411 00:22:14,000 --> 00:22:16,880 from all other communities, creators, Micah Johns, like a 412 00:22:16,880 --> 00:22:19,360 lot of people just like coming out to support them. 413 00:22:19,400 --> 00:22:21,960 You see, like this is like a good blend of like artists, 414 00:22:22,400 --> 00:22:26,360 founders, other community members, creators, like, you 415 00:22:26,360 --> 00:22:28,360 know, lot of lot of people back in it. 416 00:22:28,360 --> 00:22:30,720 I think it's a positive. While we're on the topic of 417 00:22:30,720 --> 00:22:32,200 this. So tell me, run me through the 418 00:22:32,200 --> 00:22:37,960 latest Ape Coin updates because we had like back-to-back to back 419 00:22:37,960 --> 00:22:40,880 updates last night. Yeah, so they got a new website, 420 00:22:40,880 --> 00:22:43,240 a new Telegram chat, which I thought was an interesting move 421 00:22:43,240 --> 00:22:45,880 away from Discord, perhaps a signal for what other products 422 00:22:45,880 --> 00:22:49,600 will be doing here in 2024. New test net is live. 423 00:22:49,600 --> 00:22:51,920 They're inviting creators, builders and just generally 424 00:22:51,920 --> 00:22:54,520 bored people to to go ahead and start joining. 425 00:22:54,760 --> 00:22:57,240 The website itself is pretty limited right now. 426 00:22:57,240 --> 00:22:59,640 It does tease a blueprint coming soon. 427 00:22:59,640 --> 00:23:02,920 So perhaps we'll learn what the future plans for that the ape 428 00:23:02,920 --> 00:23:05,560 chain are. So that's pretty much it. 429 00:23:05,560 --> 00:23:07,880 Like we we have the site, it's live. 430 00:23:07,920 --> 00:23:10,640 You can, you know, start to register it in the telegram. 431 00:23:10,760 --> 00:23:14,560 And then Bored Apes piggybacked on this saying that hey, 432 00:23:14,880 --> 00:23:18,280 clearing the air on unmade by apes, that is going to be live 433 00:23:18,360 --> 00:23:22,360 on 8 chain soon so so don't stress that everything got taken 434 00:23:22,360 --> 00:23:26,120 down. I saw the founder of off Chain 435 00:23:26,120 --> 00:23:29,080 Labs change his PFP to an 8 yesterday. 436 00:23:29,640 --> 00:23:32,080 He did the same thing when they partnered with Suzuki, which I 437 00:23:32,080 --> 00:23:36,560 thought was pretty cool. Stephen Goldfeder So I saw that 438 00:23:37,440 --> 00:23:38,880 celebrating the launch of Curtis. 439 00:23:38,880 --> 00:23:41,040 It's called Curtis test net. What are you? 440 00:23:42,160 --> 00:23:44,160 This is all going to be powered by the same eight coin that 441 00:23:44,160 --> 00:23:46,720 we're talking about. Like the same old, like that's 442 00:23:46,880 --> 00:23:50,480 all the same acorn. Yeah, it's up another 6% today. 443 00:23:50,480 --> 00:23:52,400 So clearly that now it's reacting. 444 00:23:52,640 --> 00:23:55,520 You know, some people blush. I'm I'm into Sergio. 445 00:23:55,920 --> 00:23:59,160 Sergio loves the the Apcorn. I know I know Sergio loves 446 00:23:59,240 --> 00:24:03,240 Apcorn and but The thing is think about it right Risk 447 00:24:03,240 --> 00:24:06,560 reward. He's not making a bad bet when 448 00:24:06,560 --> 00:24:08,760 he was buying it last couple weeks ago. 449 00:24:09,120 --> 00:24:11,480 You cannot possibly get more FUD. 450 00:24:12,080 --> 00:24:15,800 And it was like bottom of the barrel, like nearing 0 down like 451 00:24:15,800 --> 00:24:18,240 probably what, from $26 to $0.60? 452 00:24:18,640 --> 00:24:21,320 Was that $26, right? Was like the all time high for 453 00:24:21,320 --> 00:24:23,240 Acorn. It was 20. 454 00:24:23,240 --> 00:24:26,240 Yeah, 20. 26, I remember hitting 26, yeah. 455 00:24:26,640 --> 00:24:30,600 Yeah, 26 bucks and it went all the way down to how much, Tyler? 456 00:24:30,680 --> 00:24:37,880 661 cents so. That's you can easily get back 457 00:24:37,880 --> 00:24:40,200 to one, right? Like that's the 20% move from 458 00:24:40,200 --> 00:24:41,880 here. It's a pretty good Aurora. 459 00:24:41,880 --> 00:24:45,760 It's down 60% year to date. Well, most of the coins that we 460 00:24:45,840 --> 00:24:48,400 are of course, not all coins like most, a lot of the coins 461 00:24:48,400 --> 00:24:54,200 are up here today, right? So so so so anyways, that was 462 00:24:54,200 --> 00:24:56,960 that I'm I'm curious to see, you know, it's we need these 463 00:24:57,000 --> 00:24:59,680 ecosystems to thrive. You need those people to make 464 00:24:59,840 --> 00:25:02,440 the money that even if they didn't lose it per SE, let's say 465 00:25:02,440 --> 00:25:06,120 they just like held to 0, like you need those people to be back 466 00:25:06,120 --> 00:25:07,920 in the money. You need those people to be able 467 00:25:07,920 --> 00:25:09,920 to feel like they want to buy another ape with that ape coin 468 00:25:09,920 --> 00:25:11,880 to be able to buy another NFT or maybe a doodles because they're 469 00:25:11,880 --> 00:25:13,040 bullish on another NFT community. 470 00:25:13,040 --> 00:25:15,760 Like you're not going to get an NFT run that we talk about a lot 471 00:25:16,160 --> 00:25:18,920 without that, right? Without the reinvigoration 472 00:25:18,920 --> 00:25:21,760 within NFT communities that are existing. 473 00:25:21,760 --> 00:25:25,200 So PUG now has its North Star abstract iglooing that's going 474 00:25:25,200 --> 00:25:27,520 on. Doodles has a doll verse a store 475 00:25:27,520 --> 00:25:30,720 * Golden Wolf, the studio. Boom, they're going ape coin 476 00:25:31,120 --> 00:25:32,760 board. Apes now have Garga, who's 477 00:25:32,760 --> 00:25:37,120 clearly on top of this, leading the charge for the first time 478 00:25:37,120 --> 00:25:39,080 ever. We're seeing them mix and match 479 00:25:39,080 --> 00:25:41,200 with a coin and ape chain and everything because it was 480 00:25:41,200 --> 00:25:44,520 really, they did it the whole separate way early on, right? 481 00:25:45,000 --> 00:25:47,000 Which you can't really blame founders for that. 482 00:25:47,000 --> 00:25:49,480 For what it's worth, being someone that's going through it, 483 00:25:49,480 --> 00:25:53,120 it's because of regulatory landscape of USA. 484 00:25:53,120 --> 00:25:56,880 It's very hard to be able to work with foundation to launch a 485 00:25:56,880 --> 00:25:58,680 token, etcetera. It's very, very hard. 486 00:25:58,680 --> 00:26:01,680 It's very intricate and expensive and annoying, but it 487 00:26:01,680 --> 00:26:04,400 is what it is. And so I like this. 488 00:26:04,600 --> 00:26:07,520 I like this. Tyler, what do you think? 489 00:26:07,520 --> 00:26:11,040 Do you like it? They're they are moving forward. 490 00:26:11,480 --> 00:26:13,320 Yeah. I think we, we, we still will 491 00:26:13,320 --> 00:26:16,280 see how it all ties together. Yeah, I agree, I think. 492 00:26:16,680 --> 00:26:18,080 I'd say the sentiment's probably bottomed. 493 00:26:18,640 --> 00:26:20,400 Yeah. OK, OK, OK. 494 00:26:20,440 --> 00:26:23,040 I like that. It's yeah, I mean, definitely 495 00:26:23,200 --> 00:26:26,960 bottomed on that front. And then and then those were the 496 00:26:27,080 --> 00:26:28,520 the main news, right? Is there anything else you 497 00:26:28,520 --> 00:26:33,080 wanted to to to double down on before I go to our guest of the 498 00:26:33,080 --> 00:26:34,480 day? No, I think that's it. 499 00:26:34,600 --> 00:26:37,200 Let's get Johan on. Hell yeah. 500 00:26:38,440 --> 00:26:40,040 Let's do it. Let's do it. 501 00:26:40,040 --> 00:26:41,200 What's up? What's up, Johan? 502 00:26:41,200 --> 00:26:42,200 How you doing, man? Good morning. 503 00:26:42,640 --> 00:26:43,680 Hey, good. How are you? 504 00:26:44,240 --> 00:26:47,360 We are doing fantastic. Thank you for joining us today. 505 00:26:47,640 --> 00:26:49,400 It's always an honor and a pleasure to have you. 506 00:26:50,160 --> 00:26:52,800 Excited to be on. I actually didn't see the the 507 00:26:52,800 --> 00:26:54,960 dual trailer so that was pretty fun to see. 508 00:26:55,320 --> 00:26:56,480 Right. It's pretty cool. 509 00:26:56,480 --> 00:26:57,680 They're they're doing a good job. 510 00:26:58,200 --> 00:27:00,240 They did a great job, yeah. Yeah, plus, like, I don't know 511 00:27:00,240 --> 00:27:02,440 if you guys saw like leading up to it, like I saw Coy La Ray do 512 00:27:02,440 --> 00:27:05,080 like a photo shoot and stuff and like she was rocking like that G 513 00:27:05,080 --> 00:27:06,920 shock doodles. Like it's even the little things 514 00:27:06,920 --> 00:27:10,160 like they're really integrating them into like the marketing of 515 00:27:10,160 --> 00:27:12,120 it, etcetera. So it's not just like, oh, they 516 00:27:12,120 --> 00:27:14,600 use their voice and like they're not going to get any like 517 00:27:15,000 --> 00:27:16,520 promotion presents on their socials. 518 00:27:16,520 --> 00:27:18,800 So I think it's good. When's that Film Festival 519 00:27:18,800 --> 00:27:23,360 actually, Tyler? I, I think it's in, I think it's 520 00:27:23,360 --> 00:27:25,000 in August or September. I'm gonna have to go back to my 521 00:27:25,000 --> 00:27:28,080 notes. September 5th to the 15th. 522 00:27:28,520 --> 00:27:31,080 There we are. So that's coming in quick. 523 00:27:31,200 --> 00:27:33,440 That'll come probably faster than most things. 524 00:27:33,440 --> 00:27:35,360 So anyways, we're joined here by Johan. 525 00:27:35,360 --> 00:27:37,840 So for those of you who are just on audio, I've pinned to the top 526 00:27:37,840 --> 00:27:39,720 the broadcast link. We've all posted it. 527 00:27:39,920 --> 00:27:41,600 It's across. We're live on YouTube, rug 528 00:27:41,600 --> 00:27:45,320 radio, YouTube every single morning at 10:00 AM or also 529 00:27:45,320 --> 00:27:48,480 streaming, broadcasting live on X, where it coming to us live, 530 00:27:48,480 --> 00:27:49,920 etcetera. Your questions, your comments, 531 00:27:49,920 --> 00:27:52,280 we're always able to read them live. 532 00:27:52,720 --> 00:27:56,440 John Kerbat, who is the VP and GM of crypto at Robin Hood, 533 00:27:56,920 --> 00:27:59,200 which is really, really awesome. So it's a pleasure to have you, 534 00:27:59,200 --> 00:28:00,800 John. Do you want maybe give yourself 535 00:28:00,800 --> 00:28:03,520 like a little quick introduction for our audience and maybe talk 536 00:28:03,520 --> 00:28:04,560 a little bit about your background? 537 00:28:05,560 --> 00:28:10,440 Yeah, absolutely. So pleasure to be to be on I I'm 538 00:28:10,440 --> 00:28:13,440 John, like you said. So I'm the, the crypto GM at 539 00:28:13,440 --> 00:28:16,840 Robin Hood, meaning that, you know, I handle everything crypto 540 00:28:17,000 --> 00:28:20,120 at Robin Hood. I've been at the company for a 541 00:28:20,120 --> 00:28:23,440 bit less than four years and I joined initially as the CTO of 542 00:28:23,440 --> 00:28:26,600 the crypto team. And before that I worked a bunch 543 00:28:26,600 --> 00:28:28,800 of start-ups. I've been in crypto for, for a 544 00:28:28,800 --> 00:28:32,520 bit more than 10 years now. So, you know, been a been a big 545 00:28:33,040 --> 00:28:37,640 fan of trying to make crypto more accessible and to open the, 546 00:28:37,680 --> 00:28:40,480 the, the gates to, to the retail world. 547 00:28:40,480 --> 00:28:42,160 And so I think Robin Hood is the best place for that. 548 00:28:43,360 --> 00:28:47,360 And before we get into the whole Robin Hood conversation and 549 00:28:47,360 --> 00:28:50,720 you're joining them, like how long have you been in crypto and 550 00:28:50,720 --> 00:28:52,760 what really attracted you to this industry? 551 00:28:53,720 --> 00:28:58,160 Yeah, I started very early when I was still young and I 552 00:28:58,160 --> 00:29:00,720 basically created a small startup working on payments 553 00:29:00,720 --> 00:29:03,440 trails. And one of the payment rails was 554 00:29:03,560 --> 00:29:05,640 Bitcoin. And so at the time, you know, we 555 00:29:05,640 --> 00:29:07,680 felt like credit card was complicated. 556 00:29:07,680 --> 00:29:12,040 There was a lot of fraud. Merchant was never really sure 557 00:29:12,040 --> 00:29:14,040 if they were actually going to get the money or not. 558 00:29:15,000 --> 00:29:17,120 And so at the time, you know, when Bitcoin existed, we're 559 00:29:17,120 --> 00:29:18,720 like, hey, this is a perfect tool for you. 560 00:29:19,440 --> 00:29:21,600 When you have a transaction that is confirmed on on the 561 00:29:21,600 --> 00:29:25,200 blockchain, you know, you will never have to worry about is the 562 00:29:25,200 --> 00:29:28,200 money coming in or not. It was probably a bit too early. 563 00:29:28,200 --> 00:29:31,320 So we didn't have a ton of traction yet back in the days, 564 00:29:31,920 --> 00:29:34,680 but yeah, basically stay in payment system and and 565 00:29:34,680 --> 00:29:38,600 cryptosystems since then. And, you know, I think for me, 566 00:29:38,600 --> 00:29:42,600 the, the pleasure that I've been having in the past like few 567 00:29:42,600 --> 00:29:45,560 years is that we're starting to see a lot more usage of 568 00:29:45,560 --> 00:29:48,840 blockchain that it's not just, you know, trading activity, but 569 00:29:48,840 --> 00:29:51,840 you also are starting to see like blockchain being used for 570 00:29:51,840 --> 00:29:53,920 for more things. Like, you know, stable coins, 571 00:29:53,920 --> 00:29:57,720 for example, is one of the perfect example of a much better 572 00:29:57,720 --> 00:29:59,880 system than the traditional finance system. 573 00:29:59,880 --> 00:30:01,840 And on top of that, it's powered by blockchain. 574 00:30:02,760 --> 00:30:05,240 Yeah. No, that is, that is really 575 00:30:05,240 --> 00:30:06,840 cool. So like when did this whole 576 00:30:06,840 --> 00:30:12,480 like, you know, going into going to work with Robin Hood things 577 00:30:12,480 --> 00:30:14,400 start like when, when did that, when does this initial 578 00:30:14,400 --> 00:30:16,320 conversation start? Because obviously Robin Hood is 579 00:30:16,320 --> 00:30:19,360 mostly known for being able to trade stocks etcetera, etcetera, 580 00:30:19,640 --> 00:30:23,640 most accessible to, to, to all, you know, American people 581 00:30:23,640 --> 00:30:25,760 etcetera. But when, when did they really 582 00:30:25,760 --> 00:30:28,440 get curious or interested in the the crypto side of things? 583 00:30:29,000 --> 00:30:33,440 Yeah, so actually Robbie and crypto was launched in 2018. 584 00:30:33,440 --> 00:30:37,080 So you know, February of 2018, which I guess was the dead of 585 00:30:37,080 --> 00:30:40,600 the winter post like the 2017 summer. 586 00:30:41,000 --> 00:30:45,000 And I think for me, that's one of the main factor that really 587 00:30:45,000 --> 00:30:47,880 got me excited about Robin. You know, they, they actually 588 00:30:47,880 --> 00:30:51,840 believe, like the founders, Vlad and Beju really believe that 589 00:30:51,840 --> 00:30:55,320 crypto was here to stay and it was going to be like the 590 00:30:55,320 --> 00:30:59,360 financial framework of tomorrow. And so no matter of the, the, 591 00:30:59,360 --> 00:31:01,880 the condition of the market at the time, back in 2018, they 592 00:31:01,880 --> 00:31:03,800 were like, you know, you know what, we're going to still 593 00:31:03,800 --> 00:31:09,080 launch this, this product. And you know, since then we've 594 00:31:09,080 --> 00:31:10,920 been kind of improving the product. 595 00:31:10,920 --> 00:31:15,640 We we added more assets, we offered like more things like 596 00:31:15,640 --> 00:31:20,200 transfer or self custody wallet. We also expanded in, in the EU 597 00:31:20,480 --> 00:31:24,240 since December. So really we we went from like a 598 00:31:24,240 --> 00:31:27,360 small idea, small side projects that was part of the overall 599 00:31:27,360 --> 00:31:31,560 Robin Hood app to actually being like a pretty big crypto 600 00:31:31,560 --> 00:31:33,320 business now. Yeah. 601 00:31:33,320 --> 00:31:35,440 I mean pretty big crypto business indeed. 602 00:31:36,080 --> 00:31:39,320 You know, we, I think we we chatted the same morning that 603 00:31:39,320 --> 00:31:42,640 where the the news came out where that you guys had a had 604 00:31:42,640 --> 00:31:49,320 acquired bit stamp and I was like, Oh shit, I'm like talk 605 00:31:49,320 --> 00:31:52,000 about a coincidence. And and I thought it was, I 606 00:31:52,000 --> 00:31:54,160 thought it was some pretty large use. 607 00:31:54,160 --> 00:31:57,120 So a few weeks ago, right, I'm looking at it was June 6th, few 608 00:31:57,120 --> 00:31:58,280 weeks ago. Time flies. 609 00:31:58,280 --> 00:32:00,400 My God, three weeks ago. Time flies. 610 00:32:00,440 --> 00:32:03,560 It was a month ago, yeah. Three weeks, I mean. 611 00:32:03,840 --> 00:32:06,560 And by the way, we thought it was all over three weeks ago, 612 00:32:06,560 --> 00:32:08,480 right? I mean, not us, but definitely 613 00:32:08,480 --> 00:32:11,680 the people on the timeline. So a few weeks ago, this 614 00:32:11,680 --> 00:32:14,680 headline, you know, hit hit crypto Twitter by storm. 615 00:32:14,680 --> 00:32:18,040 Robin Hood acquires crypto exchange Bitstamp in a $200 616 00:32:18,040 --> 00:32:20,280 million deal. The $200 million cash flow is 617 00:32:20,280 --> 00:32:23,560 expected to close in the first half of 2025, subject to 618 00:32:23,560 --> 00:32:27,920 regulatory approval. So Joe, like to the extent to I 619 00:32:27,960 --> 00:32:30,880 wish you can speak to us about this, like, do you mind like 620 00:32:30,880 --> 00:32:36,400 maybe elaborating on why acquiring an exchange right when 621 00:32:36,400 --> 00:32:38,880 you have Robin Hood and like what the thought process behind 622 00:32:38,880 --> 00:32:40,800 that? And maybe if you can expand on 623 00:32:40,800 --> 00:32:42,760 the plans that Robin Hood has with Bitstamp? 624 00:32:43,600 --> 00:32:47,600 Yeah, absolutely. So, you know, for people who 625 00:32:47,600 --> 00:32:51,240 don't really know Robin Hood, just to explain how we work, we 626 00:32:51,240 --> 00:32:53,960 are basically a marketplace. So when you place an order to 627 00:32:53,960 --> 00:32:57,600 buy Bitcoin Robin and for example, we acted as an agent 628 00:32:57,600 --> 00:32:59,920 and we send the order to market maker. 629 00:33:01,200 --> 00:33:04,240 And so we don't match between customer or we don't do anything 630 00:33:04,240 --> 00:33:05,640 that you know, an exchange will do. 631 00:33:06,960 --> 00:33:10,480 But the the reason why we looked at the pit Storm acquisition was 632 00:33:10,480 --> 00:33:14,520 for three key reason. The first one was to accelerate 633 00:33:14,520 --> 00:33:18,520 the international expansion. The second one was to get a 634 00:33:18,520 --> 00:33:21,440 scaled crypto exchange that is already running and already has 635 00:33:21,440 --> 00:33:23,680 volume. And the third one was to get the 636 00:33:23,680 --> 00:33:27,560 a diversification of our business to institution. 637 00:33:28,800 --> 00:33:32,600 So to, to explain a bit more in details for the international 638 00:33:32,600 --> 00:33:36,720 expansion, Bitstamp already holds over 50 active licenses 639 00:33:36,720 --> 00:33:41,960 globally and we'll bring customers from the EU, from UK, 640 00:33:41,960 --> 00:33:45,960 from Asia and, and more. So for us, you know, it's a big 641 00:33:45,960 --> 00:33:49,200 step forward. We, we used to be exclusively 642 00:33:49,200 --> 00:33:55,040 AUS retail app and you know, recently we started to launch in 643 00:33:55,040 --> 00:33:58,360 the EU for crypto in the UK for, for the brokerage, but it's 644 00:33:58,360 --> 00:34:00,880 still like at the very beginning of our journey. 645 00:34:00,880 --> 00:34:04,680 So this is a huge leap forward for expansion. 646 00:34:05,200 --> 00:34:08,400 And then the the exchange, you know, for us it's, it's very 647 00:34:08,400 --> 00:34:13,239 important because this will really help build more and more 648 00:34:13,239 --> 00:34:16,840 advanced products for advanced trader, especially for 649 00:34:16,840 --> 00:34:20,440 international customer base. And you know, instead of trying 650 00:34:20,440 --> 00:34:22,840 to build the exchange from scratch and to start doing 651 00:34:24,280 --> 00:34:27,880 little things like Rock St. getting a scale exchange already 652 00:34:27,880 --> 00:34:33,280 that has been alive since 2011. So it's even older than than 653 00:34:33,280 --> 00:34:35,400 Robin Hood and it's still standing, still staying strong. 654 00:34:35,400 --> 00:34:38,960 So for us, that was like a very big value prop for us. 655 00:34:39,520 --> 00:34:43,520 And you know, finally the, the institutional side for us is a 656 00:34:43,960 --> 00:34:47,480 is a big change like we've been 100% focused on on retail. 657 00:34:48,600 --> 00:34:51,840 But you know, there is a big other side of the business here 658 00:34:51,840 --> 00:34:55,239 where institution are getting more and more into crypto. 659 00:34:55,239 --> 00:34:58,600 You you've seen it with, with the ETF announcement for Bitcoin 660 00:34:58,600 --> 00:35:01,320 and for Ythereum institution are getting into the space. 661 00:35:01,320 --> 00:35:06,160 So having an exchange like Bitstamp that is already trusted 662 00:35:06,160 --> 00:35:10,360 by institution because of the deep order book, because of the 663 00:35:10,440 --> 00:35:12,760 API connectivity, because of some of their white label 664 00:35:12,760 --> 00:35:17,320 service offering, you know, all of that really mean that we 665 00:35:17,320 --> 00:35:21,840 enter the space of institutional with already active and highly 666 00:35:21,840 --> 00:35:24,400 trusted business. So that was really like a big 667 00:35:24,720 --> 00:35:28,880 reason also for, for the deal. So yeah, I think, you know, 668 00:35:28,920 --> 00:35:32,400 super excited overall. I think it's a game changer for 669 00:35:33,520 --> 00:35:36,720 for, for business in the sense of like we have a lot more 670 00:35:36,720 --> 00:35:40,440 things that we can do now. Thanks for jumping into that, 671 00:35:40,600 --> 00:35:43,200 Johanna. I'm curious maybe kind of taking 672 00:35:43,200 --> 00:35:45,240 the conversation a little bit deeper. 673 00:35:46,240 --> 00:35:49,360 I'm curious like have you noticed any trends or changes 674 00:35:49,360 --> 00:35:53,360 in, in user behavior on Robin Hood crypto, you know, since the 675 00:35:53,360 --> 00:35:57,480 the 2021 kind of peak mania and then the bear market and and 676 00:35:57,480 --> 00:35:58,880 then things kind of picking up now. 677 00:35:58,880 --> 00:36:01,240 I'm curious, are you seeing similar behavior? 678 00:36:01,280 --> 00:36:04,200 Are we seeing pattern changes? I'm curious what might be 679 00:36:04,200 --> 00:36:07,040 standing out. You know, I, I think you know, 680 00:36:07,040 --> 00:36:10,120 we, we've seen we, we have different customer base. 681 00:36:10,120 --> 00:36:13,880 So we are very large player in the US, you know, we have 682 00:36:13,880 --> 00:36:18,400 24,000,000 customers. So it, it will really depend on 683 00:36:18,400 --> 00:36:20,240 the market. So when there is a market that 684 00:36:20,240 --> 00:36:24,000 is a bit small slow like September of last year, you 685 00:36:24,000 --> 00:36:27,960 know, we see the the heavy trader of the people that are 686 00:36:27,960 --> 00:36:31,760 trading on a hourly basis or daily basis like still using the 687 00:36:31,760 --> 00:36:35,600 platform a lot. When we see like a bit more of a 688 00:36:35,600 --> 00:36:42,120 of a peak trading market like we had in 2021, you know, we see 689 00:36:42,440 --> 00:36:45,880 more for or for customer like trading the the crypto side. 690 00:36:45,880 --> 00:36:48,280 So I think it, it really depends. 691 00:36:49,080 --> 00:36:52,240 And for us, you know, we don't really look at the volume on the 692 00:36:52,240 --> 00:36:54,120 day-to-day. We try to build the features 693 00:36:54,120 --> 00:36:58,080 that people are excited to, to use no matter when they're going 694 00:36:58,080 --> 00:37:01,040 to use it. So I think the, the beauty of 695 00:37:01,040 --> 00:37:04,720 Robin Hood to me is that no matter what you want to trade, 696 00:37:04,720 --> 00:37:08,360 you can go on equities, you know, you can trade Bitcoin, you 697 00:37:08,360 --> 00:37:11,440 can trade Tesla and then sell Tesla and trade Bitcoin or 698 00:37:11,440 --> 00:37:14,560 something like that. And I think that's kind of the 699 00:37:14,800 --> 00:37:18,360 the really good part of of Robin, like you don't have to 700 00:37:18,680 --> 00:37:20,600 transfer between apps and those kind of things. 701 00:37:20,960 --> 00:37:23,360 Exactly like exactly just like Adele, you want to double down 702 00:37:23,360 --> 00:37:24,720 on that. But like for example, like these 703 00:37:24,720 --> 00:37:27,000 past few weeks, Mando comes on the show every day, says there's 704 00:37:27,000 --> 00:37:30,560 no all time high for stocks. What if I, as someone who's I'm 705 00:37:30,560 --> 00:37:33,280 all mostly crypto, personally speaking, I don't really bother 706 00:37:33,280 --> 00:37:35,000 with stocks because I it's not my thing, right? 707 00:37:35,000 --> 00:37:37,280 But let's say I do think Tesla's a good buy. 708 00:37:37,280 --> 00:37:40,400 I could just flip within the same platform, which kind of 709 00:37:40,400 --> 00:37:42,960 makes sense, right? Like it shouldn't be separated 710 00:37:43,200 --> 00:37:45,120 in the 1st place. Should have never been in my 711 00:37:45,120 --> 00:37:47,920 opinion. Yeah, I mean that's, you know, 712 00:37:48,120 --> 00:37:51,480 historical reason for all of this and, and there's a bunch of 713 00:37:51,480 --> 00:37:53,080 licenses involved in all this stuff. 714 00:37:53,080 --> 00:37:55,920 But I, I think for us that's really the the key and, and we 715 00:37:55,920 --> 00:37:59,880 want to make sure that your experience is as good as any 716 00:37:59,920 --> 00:38:01,800 other platform. So we've been investing a lot in 717 00:38:01,800 --> 00:38:03,760 our tooling. So, you know, for example, we 718 00:38:03,760 --> 00:38:06,960 created advanced charts where you can do like technical 719 00:38:06,960 --> 00:38:09,560 analysis if you want to do like empty or something. 720 00:38:10,440 --> 00:38:13,080 We have advanced other type if you want to do a stop loss or 721 00:38:13,080 --> 00:38:15,800 something like that. So we've really been investing 722 00:38:15,800 --> 00:38:18,560 in our products. So no matter what type of trader 723 00:38:18,560 --> 00:38:21,120 you are and no matter what product you want to use, you're 724 00:38:21,120 --> 00:38:25,080 able to use it on on Robin Odeo. But that's great to hear it. 725 00:38:25,080 --> 00:38:27,360 It's funny that you, you you brought up the Tesla, the 726 00:38:27,360 --> 00:38:30,480 Bitcoin train, because actually PO who hosts the Nifty show, 727 00:38:30,480 --> 00:38:33,800 another morning show in this space, actually made that exact 728 00:38:33,800 --> 00:38:34,880 trick. He sold Tesla. 729 00:38:34,960 --> 00:38:38,680 I love that. And it's just nice to have that 730 00:38:38,680 --> 00:38:41,240 functionality. One thing you mentioned is like, 731 00:38:41,280 --> 00:38:43,000 you know, you're building towards the future. 732 00:38:43,000 --> 00:38:47,240 I think a very important kind of current macro topic right now is 733 00:38:47,680 --> 00:38:51,760 perhaps a change in the US political regime and potentially 734 00:38:51,760 --> 00:38:53,200 Trump coming in. He's a heavy favorite on 735 00:38:53,200 --> 00:38:57,600 Polymarket to win at 70% and he is essentially showing a pro 736 00:38:57,600 --> 00:38:59,760 crypto platform. I think many are thinking that 737 00:38:59,760 --> 00:39:04,040 could involve like a change in the SEC and a lot of the 738 00:39:04,040 --> 00:39:05,800 regulation and crackdown could go away. 739 00:39:05,800 --> 00:39:08,320 I'm curious like have you all been following that closely? 740 00:39:08,320 --> 00:39:12,240 Have you started crafting any plans you know, post election 741 00:39:12,240 --> 00:39:15,000 into 2025? You know, based on perhaps an 742 00:39:15,000 --> 00:39:18,120 easier crypto regulatory environment? 743 00:39:19,240 --> 00:39:21,240 Yeah. You know, I think it's, it's an 744 00:39:21,240 --> 00:39:23,720 interesting thing like we do follow everything that is 745 00:39:23,720 --> 00:39:27,640 happening because of course, like everything is going like 746 00:39:27,880 --> 00:39:30,800 there will be an impact on, on the market and how people 747 00:39:30,800 --> 00:39:33,720 behave. Overall, things haven't changed 748 00:39:33,720 --> 00:39:36,720 too much on our side, like we, we work with regulator quite a 749 00:39:36,720 --> 00:39:38,960 bit. If you think about Robin Hood, 750 00:39:38,960 --> 00:39:43,920 like we are regulated by the SEC by funeral on the brokerage 751 00:39:43,920 --> 00:39:46,680 side, on our side, on the crypto side, we, we are regulated by 752 00:39:46,680 --> 00:39:49,280 the New York DFS. So you know, we don't shy away 753 00:39:49,280 --> 00:39:51,360 from from regulation and working with them. 754 00:39:52,640 --> 00:39:55,640 I think what's going to happen in October or November like who 755 00:39:55,640 --> 00:39:59,120 knows, But for us on our side, we've been focusing on making 756 00:39:59,120 --> 00:40:02,160 sure that, you know, we have a constant feedback loop with our 757 00:40:02,160 --> 00:40:07,560 customers and making sure that, you know, if something is of 758 00:40:07,560 --> 00:40:10,040 interest for our customer, we are going to try to build 759 00:40:10,040 --> 00:40:12,320 towards that. And you know, we've seen it a 760 00:40:12,320 --> 00:40:16,000 lot with for example, the the self custody wallet that was one 761 00:40:16,000 --> 00:40:17,880 of the top requested feature for our customer. 762 00:40:17,880 --> 00:40:20,680 They wanted to have a wallet to get into web three and to get 763 00:40:20,680 --> 00:40:24,280 into more like of this space. And so we we've built it. 764 00:40:24,800 --> 00:40:30,800 So, you know, for us like it's less about predicting how the 765 00:40:30,800 --> 00:40:33,920 market is going to change and more about talking to our 766 00:40:33,920 --> 00:40:37,640 customer, doing a lot of user research, trying to understand 767 00:40:37,640 --> 00:40:39,760 what they are going to be interested next and and then 768 00:40:39,760 --> 00:40:42,040 build that to to make sure that they have what they want. 769 00:40:42,040 --> 00:40:44,560 Yeah. Well, that certainly makes 770 00:40:44,560 --> 00:40:47,560 sense. Imagine the self custody wallet. 771 00:40:47,560 --> 00:40:50,920 It's been a huge one. How have customers responded? 772 00:40:52,080 --> 00:40:56,640 Yeah, it's been downloaded in 140 plus countries. 773 00:40:56,680 --> 00:41:00,840 So you know, it's been a, it's been a a great product for us. 774 00:41:00,840 --> 00:41:06,080 I think the, the main reason behind this wad was the crypto 775 00:41:06,080 --> 00:41:09,320 world is moving so fast. If we want to integrate 776 00:41:09,320 --> 00:41:12,120 everything inside the main app, the main custodial app, like 777 00:41:12,280 --> 00:41:14,880 there is no way we can catch up. Like, you know, by the time I 778 00:41:15,280 --> 00:41:19,000 integrate with One Dab, there is like 50,000 that got created 779 00:41:19,000 --> 00:41:22,160 overnight. So our goal was to really build 780 00:41:22,160 --> 00:41:25,280 the system that can allow you to access whatever you want. 781 00:41:26,240 --> 00:41:29,440 And we've tried to do this in in ways that are also helping the 782 00:41:29,440 --> 00:41:31,200 customer. So we were one of the first to 783 00:41:31,280 --> 00:41:35,280 launch the Gasless swap. So because we realized when we 784 00:41:35,280 --> 00:41:38,440 were talking to customers that they wanted to swap one token to 785 00:41:38,440 --> 00:41:41,120 a token, but they didn't understand why they needed to 786 00:41:41,120 --> 00:41:44,880 also have the gas token. So you know, all these kind of 787 00:41:44,880 --> 00:41:46,920 things like we have a lot of customers that are first time 788 00:41:46,920 --> 00:41:49,560 investor on the platform and so we want to make sure that we 789 00:41:49,560 --> 00:41:53,000 give them the tools that get them into what they want to do. 790 00:41:53,000 --> 00:41:57,640 Like sometimes I think crypto people get a bit lost into the 791 00:41:57,640 --> 00:42:00,160 technical and the protocol and all this stuff, but at the end 792 00:42:00,160 --> 00:42:02,080 of the day, a lot of customers, they just want the thing to 793 00:42:02,080 --> 00:42:05,080 work. Yeah, that makes sense. 794 00:42:05,320 --> 00:42:07,360 It makes it much easier to work. I mean, we saw the news, of 795 00:42:07,360 --> 00:42:08,400 course. Like actually, Tyler, that was 796 00:42:08,920 --> 00:42:11,440 relevant question in terms of like, no, like the political 797 00:42:11,440 --> 00:42:13,560 landscape, because the latest news that came out of Robin Hood 798 00:42:13,560 --> 00:42:18,880 was actually like 10 days ago of you expanding Robin of crypto 799 00:42:18,880 --> 00:42:23,080 right in, in, in all the US states, Puerto Rico, Virgin 800 00:42:23,080 --> 00:42:24,840 Islands. I mean, how how's this expansion 801 00:42:24,840 --> 00:42:26,880 in the USA been? Yeah. 802 00:42:26,880 --> 00:42:28,120 I mean, so at this point we're all done. 803 00:42:28,120 --> 00:42:30,680 So, you know, I'm very happy about that. 804 00:42:30,680 --> 00:42:34,400 We are now available everywhere in the US, which I think was was 805 00:42:34,400 --> 00:42:39,520 a great, great change for us. So back last year we, we opened 806 00:42:39,520 --> 00:42:43,400 in Nevada, we announced that and then you know, just like a 807 00:42:43,400 --> 00:42:45,720 couple of weeks ago, we announced like this new states, 808 00:42:45,720 --> 00:42:49,120 Hawaii and and also Puerto Rico and the Virgin Island. 809 00:42:50,200 --> 00:42:53,720 I think for me that was pretty important because, you know, 810 00:42:53,840 --> 00:42:57,280 Robin Hood's core mission is to democratize finance for all. 811 00:42:57,600 --> 00:43:01,920 And he didn't sit very well with us to not be able to do that 812 00:43:02,080 --> 00:43:04,320 everywhere in in our home country. 813 00:43:04,320 --> 00:43:09,280 So we started to expand in the, in the EU and in the UK and, you 814 00:43:09,280 --> 00:43:11,880 know, it was important for us to to come back and also finish the 815 00:43:11,880 --> 00:43:15,640 work in the US. So very excited about it and we 816 00:43:15,640 --> 00:43:20,520 got a, you know, at this point, the, the, the way of saying like 817 00:43:20,520 --> 00:43:23,640 we're available everywhere in the US is also very feels very 818 00:43:23,640 --> 00:43:26,160 nice. I love it Listen as a as a 819 00:43:26,160 --> 00:43:29,200 crypto user and I'm sure Tyler as a as AUS citizen. 820 00:43:29,240 --> 00:43:32,600 It's a great signal for for the market and for crypto in 821 00:43:32,600 --> 00:43:35,640 general. It's a big deal and I feel like 822 00:43:35,720 --> 00:43:39,440 mobile is so important and I feel like so many crypto teams 823 00:43:39,440 --> 00:43:41,720 struggle to to really nail the crypto app. 824 00:43:41,760 --> 00:43:44,280 I'm actually curious, Johan, you wouldn't mind maybe walking us 825 00:43:44,280 --> 00:43:47,440 through the onboarding process? So if AUS customer wants to to 826 00:43:47,440 --> 00:43:51,200 get in to to Robin Hood crypto, you know, down on the app, down 827 00:43:51,200 --> 00:43:54,480 on the wall, like what's the path from my first step all the 828 00:43:54,480 --> 00:43:57,040 way to be able to perhaps you know, transact on chain. 829 00:43:58,480 --> 00:44:01,560 Yeah, really depends on what you're what you want to do. 830 00:44:01,560 --> 00:44:04,320 So if you don't want to be on chain, if you just want to have 831 00:44:04,320 --> 00:44:07,240 your custody handled by by Robin Hood, you know, you can just 832 00:44:07,240 --> 00:44:10,440 don't know the Robin Hood app. The onboarding is very simple 833 00:44:10,440 --> 00:44:14,720 and, and you know, you will be able to to buy and sell the, the 834 00:44:14,800 --> 00:44:17,840 the crypto and you can leave it on Robin Hood or you can 835 00:44:17,840 --> 00:44:19,480 transfer it out if you're eligible. 836 00:44:19,480 --> 00:44:23,440 And you know, it's a fairly basic app, like, you know, not 837 00:44:23,440 --> 00:44:28,280 nothing very different from from other on boarding processes. 838 00:44:29,440 --> 00:44:32,120 But we also offer the self custody wallet where, you know, 839 00:44:32,120 --> 00:44:35,840 it's just a very simple process where you open the wallet, you 840 00:44:35,840 --> 00:44:38,840 have your key and you can start transferring in and out. 841 00:44:39,600 --> 00:44:41,960 I think one thing that we did very well in the wallet is that 842 00:44:41,960 --> 00:44:46,520 you can easily transfer from your Robin Hood account to to 843 00:44:46,520 --> 00:44:48,840 the wallet. And so, you know, we've been 844 00:44:48,840 --> 00:44:51,840 trying to reduce the the amount of steps and the amount of like 845 00:44:52,160 --> 00:44:54,160 frustration. I will say that you can get when 846 00:44:54,160 --> 00:44:56,160 you when you try to use some of these products. 847 00:44:56,160 --> 00:45:01,200 So overall, you know, super simple and then the the wallet 848 00:45:01,200 --> 00:45:04,480 allows you to use multiple chains. 849 00:45:04,480 --> 00:45:09,080 We go from, you know, the, the classic like Bitcoin, Ethereum, 850 00:45:09,080 --> 00:45:13,120 Doge, and we also have Arbitram and, and bass and other, other 851 00:45:13,120 --> 00:45:15,680 chains. So we've been trying to make it 852 00:45:15,680 --> 00:45:17,000 like very accessible to everybody. 853 00:45:17,760 --> 00:45:20,640 It's clean. So I'm looking at the same time. 854 00:45:20,640 --> 00:45:23,760 I was literally looking at this while you were while you were 855 00:45:23,760 --> 00:45:27,760 talking about it and and I find that really, really good. 856 00:45:28,040 --> 00:45:31,160 It's good to have like a major player like you guys actually 857 00:45:31,160 --> 00:45:33,520 get involved for real. Yeah, it's clean. 858 00:45:33,520 --> 00:45:37,360 And we've been trying to really, you know, all the learnings we 859 00:45:37,360 --> 00:45:40,680 got from the UX and UI for Robin Hood, we've been trying to port 860 00:45:40,680 --> 00:45:43,120 them into the self custody wallet. 861 00:45:43,920 --> 00:45:47,560 A lot of the feedback we're getting from people where I love 862 00:45:47,560 --> 00:45:50,040 Robin Hood and then I transferred to my other self 863 00:45:50,040 --> 00:45:52,200 custody wallet and then I'm lost and I don't know what I'm doing. 864 00:45:53,200 --> 00:45:56,560 So we've been trying to really make the two application very 865 00:45:56,560 --> 00:46:00,160 close to each other. So you're really not, you know, 866 00:46:00,640 --> 00:46:03,840 lost on anything. That's good. 867 00:46:03,840 --> 00:46:06,080 This is this is this is quite interesting. 868 00:46:06,200 --> 00:46:08,000 I like, I like the marketing. You guys are good. 869 00:46:08,040 --> 00:46:09,120 You guys are good. You guys are good. 870 00:46:09,920 --> 00:46:12,480 We're pushing on it. So that's the thing that you 871 00:46:12,480 --> 00:46:14,800 know, we're really pushing towards is we want to be the 872 00:46:14,800 --> 00:46:18,080 lowest cost to buy and sell crypto. 873 00:46:19,000 --> 00:46:22,200 And in the US on average, you, you will actually save quite a 874 00:46:22,200 --> 00:46:25,240 bit of crypto if you if you use Robin Hood. 875 00:46:26,440 --> 00:46:30,040 And I think, you know, one thing that that keep telling people is 876 00:46:30,520 --> 00:46:35,000 when you try to use a product, look at the query of Bitcoin or 877 00:46:35,160 --> 00:46:38,000 crypto that you're buying that you're getting at the end, 878 00:46:38,000 --> 00:46:42,200 because there are so many ways of making revenue for companies. 879 00:46:42,200 --> 00:46:44,440 Sometimes they charge you a fee, sometimes they charge you a 880 00:46:44,920 --> 00:46:47,400 markup on the spread. Sometimes it's a combination of 881 00:46:47,560 --> 00:46:51,800 multiple things. So just look at the quantity on 882 00:46:51,800 --> 00:46:54,360 the final page. And then you will see that in in 883 00:46:54,360 --> 00:46:57,760 average, Robin is the lowest place to to buy crypto. 884 00:46:58,280 --> 00:47:00,040 This is very interesting. My favorite feature always is 885 00:47:00,040 --> 00:47:02,760 this the recurring buys they're across. 886 00:47:02,760 --> 00:47:05,360 That's something I tell all my friends, like even last week 887 00:47:05,360 --> 00:47:07,720 this past weekend watching football and my friend was like, 888 00:47:07,720 --> 00:47:10,720 I want to get back into buying crypto, of course now, right? 889 00:47:11,360 --> 00:47:14,040 And and like, what do I do? I said, however much you make, I 890 00:47:14,040 --> 00:47:15,160 don't want to know how much you make. 891 00:47:15,360 --> 00:47:18,280 Take like 1% of that per week per month. 892 00:47:18,280 --> 00:47:21,360 Just set it to buy BTC soul and just forget NFA. 893 00:47:21,360 --> 00:47:25,080 Of course, you know, you know, like Kanye, me, my dear, but you 894 00:47:25,080 --> 00:47:27,920 know, it's like do you? But the recurring buy to me is 895 00:47:28,240 --> 00:47:30,840 the single most important tool in the in like an exchange or 896 00:47:30,840 --> 00:47:33,360 wallet because it makes sure that you're always, you know, 897 00:47:33,600 --> 00:47:37,320 somewhat get some exposure. But anyways, Joe don't want to 898 00:47:37,320 --> 00:47:39,880 hold you much, much longer here. But last question would be like 899 00:47:40,200 --> 00:47:44,080 anything you personally looking forward to in the industry or, 900 00:47:44,200 --> 00:47:47,800 and or you or Robin Hood as a whole, by the way, but what's 901 00:47:47,800 --> 00:47:49,160 the, what's the future like for you? 902 00:47:50,200 --> 00:47:52,880 Yeah, I, I think for us, you know, we want to start using 903 00:47:52,880 --> 00:47:55,200 blockchain technologies to power up more and more things. 904 00:47:55,200 --> 00:47:57,520 So you know, like we we've seen stable coins. 905 00:47:57,520 --> 00:47:59,760 I think we can do more with blockchain. 906 00:47:59,760 --> 00:48:02,400 I think we can tokenize real world assets and and actually 907 00:48:02,400 --> 00:48:06,440 make them a lot more efficient. So you will, you will hear more 908 00:48:06,440 --> 00:48:11,080 from us, I think, but I'm, I'm personally really excited about, 909 00:48:11,240 --> 00:48:15,520 you know, just seeing the adoption of crypto going from, 910 00:48:16,080 --> 00:48:18,560 you know, back in the days just to a few assets. 911 00:48:18,560 --> 00:48:22,080 And now we are starting to see it more and more from 912 00:48:22,080 --> 00:48:25,760 tokenization of bonds to the stable coins to, to more things. 913 00:48:25,760 --> 00:48:29,080 So overall, like really excited of the progress we are making. 914 00:48:29,080 --> 00:48:32,840 And you know, I, I can't really wait to see how much crypto will 915 00:48:32,880 --> 00:48:35,680 change the traditional finance system in the past in the next 916 00:48:35,680 --> 00:48:37,480 few years. I think it's going to be a a big 917 00:48:37,480 --> 00:48:40,040 transformation. Oh, yeah, very, very big. 918 00:48:40,040 --> 00:48:42,080 Well, John, thank you so much for being here today and I 919 00:48:42,080 --> 00:48:44,240 really appreciate you. Yeah, thanks for having me, was 920 00:48:44,280 --> 00:48:45,280 fun. Have a good one. 921 00:48:46,120 --> 00:48:48,200 All right, all right. Well, that was great, you know, 922 00:48:48,360 --> 00:48:50,480 but more bullish use, more bullish sentiment. 923 00:48:50,520 --> 00:48:52,800 You're hearing from the biggest, some of the biggest in the game. 924 00:48:52,800 --> 00:48:55,160 So that's really awesome. Tyler, that was a great 925 00:48:55,160 --> 00:48:57,400 interview. It was a pleasure as usual. 926 00:48:57,480 --> 00:48:59,840 We will see y'all tomorrow morning, 10:00 AM Eastern 927 00:48:59,840 --> 00:49:02,640 Standard Time for the episode of film while we're on Rug Radio. 928 00:49:03,040 --> 00:49:03,480 Let's go.