Livestream: Why MEMEcoins are not stupid

So welcome welcome all to that's going on so today's live streams gonna be very interesting because meme coins completely blew up over the last Month or so all right, but I think it's gonna be interesting as a discussion because Normally when something blows up like this and I'll just face palm like this is stupid All right, that's why you should response to stuff usually that that's my character. It's a trade if you if you if you go and ask around The office you know what what I say most of the time I say something stupid but And I was so close to calling me and play stupid right like this is if this was back two years ago I would have caught up me and quite stupid, but I think right now I say this is probably one the I think this one the responses to what's happening to the crypto space and It's a response in my mind all right to dump for mentors There are so many dumplementals on other coins and I think the community is very tired of that So I actually feel like meme coins are a necessity now. I feel like meme coins It's it's a much-needed change of air So we're gonna talk about meme coins We're gonna talk about where they're gonna go because if you if you follow that theory It actually goes to show that meme coins just aren't a simple trend that's gonna last a few weeks I actually feel like memes are gonna stay for a little bit longer to be honest We're gonna look at some data as well as into the number of holders as to where things are we're gonna talk about Pay pay the next meme coins and everything in today's episode We also have a lot of news segments as well. So just before starting this I was actually looking at what's happening in U.S. regulatory space and There's a lot of advancements to it. It's might be the case that Gary Gensler is gonna get a little bit capped in a while. It actually feels like he his his power It's gonna come hit some limits. So we're gonna talk about all that today in today's a live stream guys. So if you guys are Here tell me where you guys are from. We're trying to make this a Every week at this certain time sort of thing. So tell me where you guys are higher I'd love to see your faces and say hi So Crypto Graham is back box fan is back Angela Wang is back Meme coins our new expression social currencies is mr. Moe hello hello hello. So say hi guys say hi Box fan notice this new camera angle in a whole room for once yes, and it feels wider because Actually It's actually It's an illusion because like it feels like the room is bigger But I should just pull the table back. So now you see the table you see My computer and everything so yeah, I'm trying this out this new look out. So thank you guys. Thank you box fan for noticing But yeah, that's great. So we got who brought who brought the frog who brought the frog coin here? Yes, let's let's do a poll for that before we start let's go pop up the chat and say Let's go let's get a poll for you guys start a poll who bought pay pay who? Who bought pay pay so this this means that if you bought pay pay and you sold it? Have you bought have you bought pay pay? Have you? So this includes people who bought it and sold it or or do you and and? And and People who you know still holding it today stay so yes, we got cryptogram hello from biker's island I hope this is a good time for stream for you guys here. I think it's um, this is right now is hong kong morning for us And it's I think it's u.s evening. So anyways, I'll try to do some different Um live stream time to swap and always promising that and yeah, uh, I was away last week cuz I have a Wedding I have to attend to last week was pretty fun and amazing. It was a good reset and of course I did throw up all over the place. It was amazing. It's not a wedding until you get really super hyper drunk, right? So Embarrassing moment, but anyways, uh, that was where I was last week. Thank you guys so much for coming in. We don't have 60% no what what are you guys doing so six so answering this poll right now? Have you bought pay pay 60% no guys you got to confess? confessors confess please Confess be real let's be real here guys be real I for one bar I'm dipping my toes in there, so I have for one have definitely bought pay pay what no way no way I'm looking at this poll right now 62% have none not interesting interesting interesting interesting times ahead cuz um Yeah, I I had some I'm gonna bring Ron here and Ron's been confessing to me that he's looking at more meme coins now cuz that's that's the way right Okay, okay the moment I asked you guys to confess all right now. We have good data. We have 53% says yes 47% no okay guys don't be shy here. Don't do not be shy anyways guys. Let's start the episode Let's talk about meme coins. Let's bring Ron here But before that we have a mini ad roll. Let's roll the ads and then we are gonna start Bybit is a top cryptocurrency exchange and now they are listing new coins the fastest with the most volume Which is pretty insane if you want to get in on all that crypto action if you do want to join the bybit exchanger is a limited Time offer which is 50 free us dollars if you do the first KYC and you load more than a hundred dollars into the exchange If you're interested sign up with the link down below and you'll automatically get in this offer Remember, it's only for the first 100 people to do so. So what are you waiting for? You You You You Alright welcome back Ron so oh oh god. I really need to fix the audio for these things So okay runs back hey all right no sound no sound story guys sorry apologies guys, but we do have people that can Check for us so apologies. I'm back we're back so We have to start this again. All right, so Ron so this week has been insane So what we're talking about is the insane buying us listing for paper, right? So When coins list Usually the life the end of the cycle line line would be with finance, but pay pay still survive that so I think it goes to show how Strong and resilient and people want to play with mean points right now. Yeah, it's just undying So we're talking about few things. We're talking about the volume 24 hour volume. Mm-hmm Okay, X has 200 million dollars. Yeah finance 184 million dollars in the past 24 hours and you're saying by bit Yeah, by bits not on the coin get the arena But they made like a billion dollars in fees just from perpetuals But that's the tree bond or fees I train volume in Bob Yeah, a lot of money because they all got perpetual futures for it, right? So they have they have 1000 pay pay so uh I guess the only reason why I can say is because pay pay um The the estimate that some more places down so they have the 1000 pay pay Bear it's not a separate point. It's 1000 pay pay, but it was insane. It's insanely volatile, right? So you can get liquidated instead of hours in seconds Exactly and the funding rates were really high too. So you have to pay a lot just to play shorts Yes, too short because I think everyone is expecting pay pay to go down But it was just a matter of timing right because if you think about it Um that binance listing to me, I I thought finance was gonna wait I really thought finance was gonna wait on pay pay I thought they're gonna wait for a few weeks wait for paper to dump a bit first and then when they list it pumps Right, so it gives the finance the finance magic, right? But they were like no no no No, it's it's it's it's a clear case that they don't want okx to overtake them. They want that volume they want it and This is gonna be interesting. So let's take the negative sign. Okay, so so so you're a little bit skeptical You call this a giant casino. It is it is a China. It is in a way, right? Okay, so so so let's take take me through this. So why do you think that? Well, I feel like you know, it's been a year and a half already and the bull market's not here yet Everyone's bored. So they they're trying to find ways to make money So meme coins is a way to do that and it all started with Twitter really people started tweeting about Pepe at first and then people Retweeting them and that's when the first pump happened that was in on April 20 So we covered this on the news and the market cap then was just less than a hundred million Maybe even way less and then when we covered it the second time that was because the market cap went all the way to 800 million and 900 million and if at first I didn't feel bad because I didn't know about it But then the second time I did it I felt like I felt really awful. I'm like, oh my god Had I just dumped even just a little bit of money, you know money that I'm willing to lose. That's already That's good profit right there and Just because the meme coin market is hot right now does not mean that the overall altcoin market is forming Yes, so if you look at the total three chart on trading you All right, right, right, trading you. But okay, so so um, this is quite interesting and this this really Navigates so so I said this I set this up for you because yeah, um Okay, let's let's go to total three first. Let's go to three three But I set this up for you This is what happens when like what do you want a total three? Yeah, on the On the five minute time frame that's all right That's not I don't look at it at four hours Yeah, so so so so take me through what is total three first let's let's let's go through everything So it's the total market cap of all all coins excluding Bitcoin and Ethereum So we're looking at people selling their old coins into meme coins And BTC dominance is still high right now because you know the bank the bank the banking crisis and The overall altcoin market is not good. Yes, okay. All right. We said traffic. That was what we're looking for All right, so So we saw this right so total market cap excluding Bitcoin and Ethereum going down. Yeah, right And now everyone's then and then we see this bleed out, right? Yeah, everyone's like, you know screw these projects Screw screw tech yeah, yeah, in it for attack in the not enough for attack. No, definitely not in it for memes But I actually think I should think that I would offer the opposing me right now, so I Actually feel like this is a response to bad VCs Hmm, right so one thing that we've seen and and people probably don't understand why it's like this because the engineering of a lot of Coins with good tech All right, they're engineered to have insane dumpamentals All right, I'm gonna call this like you know, this pumpamentals where you know, there's this this I'm you know Reasons why something will pump yeah, but there's insane dumpamentals reasons why people things were dumped On a lot of coins with very good tech Which is why in it for a tech actually didn't work for a lot of people who are real estate investing and they're engineered Like a lot of these projects are engineered so that the venture capitals can get out they can get out at a 10x They can make money 15x 10x right, but what they do is they cause a death spiral for For every coin that they touch yeah, and I think this is a very very big problem for for our community overall So so I almost feel that Paypay and meme coins is a response to it Right because one thing that paper has right is it doesn't have these insane dumpamentals and I'll list them out one by one But first of all pepe does not have a 10% circulating release yeah, right? I think that's that's probably the biggest problem maybe has a 90% so if you if you look at it Pepe only has 6% held up for for listings and 93.1% of that went to the liquidity pool right? So so the coins are out there though. They're the ones that are out there. Yeah, right, and I don't have any vcs that got these coins were cheap Imagine it imagine a piece the paper was a vc coin right? They probably would have released like 5% at the start all right, and then a month later. Oh unlocks are coming guys That's the And then the vcs who got this like at you know like Pennies on to the current price or pennies of dollars on the current price They'll be the ones that just trash dump in the market because they don't care. Yeah, right And this is something that we've seen throughout most of Poorly engineered. Oh, I will say it's not poorly engineered at the current metal the current method is abusive I will say it's abusive to anyone who's a retail investor you buy in the vcs are going to dump on your face That's what's engineered for right and pepe is the kind of the counter opposite of that So yeah, so if pepe was engineered by a vc coin then yeah They'll probably be like one month later. They'll be like a massive unlock or potential vcs and those vcs will be savage right? They're like yes, we got a 3x on our coin or not not 300 300x on our coin all right? They're gonna just take that and one button click Right and then people are Here like huh, yeah, right what happened right so I think I think that's number one right? That's number one bad toponomics design and and I'll show you some examples of this like like let's say for example This is um um please that we looked at this like two weeks ago Right, you know like look at look at what they have right they have 20% tg 10% tg so so basically team advisors seed round and Strategic they have 10% released But after the two months or whatnot if they're trying to hide this right they're trying to fight this But they say one month later and then linear investing and you have to remember all these All of these are at different prices which are cheaper than what the public got them at right if the public got them at 12 cents They probably got them at like 6 cents and sometimes there'll be private Private deals that they can get vcs even cheaper coins right so if especially if you take on bad vcs All right, they'll just dump and this is why um like plays app just it's just one one way down right one way down row So even even when at launch they couldn't move up right they couldn't move up people try to buy this You're like oh end up for a tech this peg might be good Right, but then the moment the the moment the coin comes out and smash smack in the face Right, right, and especially if you hold it for longer than a month. Oh more dumps are coming right more slaps So I think this is the problem that we have with a lot of coins and this is um This is that throughout yeah throughout the last year pretty much we've been suffering and I think some people know right? I mean binance is pretty transparent binance Like they're sometimes pretty transparent on you know how token schedules and releases are um And you can see you can see um their release schedule so let's see what was it what was the last one? What what was the example I wanted to give? Anyways, it's not against any points in particular right, but it's just the current um current token strategy So I I feel like pei-pei is a response to that pei-pei is a pei-pei it actually moves up Right goes to show that when a community builds it actually moves up Yeah Right and I think people are willing to play now and I think Pei-pei as a meme also has some really good um you know like pump pementos I would say associated It's like it's almost a push-pull factor it has very weak dump pementos It has no reason to dump because it's all released and then the pump side I feel like First of all it's been a meme we all know It's like a meme or I feel like it's a meme that It's almost a meme of defiance It's actually very strange because I mean you've been to Hong Kong you've probably seen the Hong Kong protests Like pei-pei was the meme of Hong Kong Yeah I remember it was a um Hong Kong protest it's like it's about like the the little guy who's got bought It's pei-pei is like the little guy and it means different for different markets But pei-pei is almost kind of meant the little guy who's being forgotten And yet again the little guys always guys have less power I actually didn't see them that's interesting Yeah right right right right if you see it this way right Maybe it makes sense pei-pei is about the little guy right think about it the vcs have been abusing the little guys For the last year or so right they even invented these tokenomics are dump only look at soy right yeah So soy would be a good example of that right and before that it was aptos too Yeah soy was five cents to investors right sort of five cents now it's a dollar or something all right cool But what happens when like more more of this gets unreased you you think these vcs are not gonna dump out 20x It's gonna obliterate it's gonna obliterate this right not to this soy right now But it is it is what it is right yeah like uh look look at these like early Let's see there's a vesting schedule that i saw oh you can check my closure on Okay um soy vesting right yeah But this is my point right like how abusive like the tech is great I want to talk about it the tech is amazing amazing But the the dumpamentos are like next level right it's it's it's uh it's uh it's our holy levels of dumpamentos right So uh soy uh Miles Yeah It's just so much early supply being dumped i think around before december Yeah, it's so savage right Let me try searching for a story because this can you can you send it to me on whatsapp or what yeah sure Let's see oh this one i saw it i see it it's just it just needs to search a little bit better all right oh I just need to learn how to search all right here we go not now like all right all right look at the Look at this yeah look at this right you get less than five percent at the start right what happens when like you know Six months down the line when this line comes out boom that's um Early con early contributors right yeah, they're gonna savagely dump right look look at how that that's gonna go The the the circulating supply is gonna 4.5x right like that's That's nuts you're gonna get them you're gonna get dumped on right so so you basically have like like right now the djens probably Have like four or five months to play before this massive dump truck comes Right so that's why they don't want to play anymore right the djens are like you know what we don't really want to play all right Like it's it's 20x for the early investors right early contributors like peace out right yeah So so I think that was abuse I mean sorry really has great tech I want to talk about it But releasing five percent makes no sense it's illogical But do you think the community can grow like what five four point five eggs in that space of time? No No, their community was already erect before that right right and it just makes that It and also like this type of tokenomics I have to say right this works if your community can consistently grow But right now the crypto market is so small yeah, right? This is a bear market people who are paying attention to already pay attention like if you release I think when suri release I think it's like 85% market penetration right the p like you talk to anyone they know okay, sorry, right? Anyone who's around in crypto they know so you're ready right so then you don't have room for a community to grow You cannot grow from 85 to you know, what? 500% market penetration you cannot penetrate more than 100 at this current point right until the bull market comes So it makes no logical sense so all these things like all these coins with good tech right the vcs are the ones that kind of took all of that and then Oh, it's just it's just sad. It's a sad Well, I just click the button that says insert ad so just be careful guys Um, yeah, let's see. Let's see what it comments Aaron was this the so you have a team to accomplish their so-called goals. I doubt it. Um Angela was like screw so if Everyone's so angry, but but but it's true, right? I mean even if they have a team the tokenomics are Such are presented in such a way that it's impossible Once that dump truck comes like once that dump truck chants us, it's it's gonna be nuts. Oh, sorry This is this is where I was gonna show you guys a dump truck, right? This is a dump truck. What's that dump truck comes? It's impossible looking at like 5% to 20% to 25% Usually if you see that spike here You have to avoid this is the dump truck. Yeah Okay, so so I view PeiPay as you know the little guy standing up If you if you do it that way it makes a little bit of sense right why we have so much volume right Finally we have a tokenomics that's like not broken right 95% release yeah, right? You can't release 500 like now that minting is blocked right now that minting is blocked right you can say look At max you're gonna at max maybe early holders can dump a little bit, but right there They're free to dump whenever they can but here when people are locked up Right when people are locked up and they get to dump they're gonna dump like a bat out of hell, right? So Yeah, I think I feel it that way so so anyways this weekend has been pretty mean mean tastic uh There's a million memes Uh, what have you been into what have you looked at? Well, let's take a step back first like you have to understand that meme coins are basically gambling Right, even though it is power to the retail investors. It's still risky Pepe even if you're like if you miss out on Pepe now and you're trying to get in it The risk reward ratio is not looking good for you You're if you're gonna get in you you'll just have to trade it on a very short time Yes, I mean most people are trading like that's why the trade volumes are insane So people understand that people I think Uh, yeah, definitely one of uh not financial advice Not financial advice But um when it comes to meme coins, there's no fundamental technology, right? Um And that's something that we do look for like for me. I've been a Investor that's very focused on tech Yeah So if the tech is amazing, right? Eventually someone's gonna buy it The big funds are gonna come in and say oh look we can't we can't stop ourselves from buying this Yeah So a classic example will be Ethereum So if you think about it Eve had a rough start, right? You know people were thinking you know This is a total scam I mean Bitcoin people were calling Ethereum a scam for the longest time I actually didn't realize this did you realize this? No, I didn't No, Bitcoin maxis would call Ethereum a scam If you watch channels like Total Invades Um They'll be like you know just like dishing it out in Ethereum They're like this Ethereum is the biggest scam of them all Right? But as time progressed right Ethereum demonstrated value It demonstrated that it can um hold decentralized exchanges It demonstrated that a smart contract are actually remotely useful Yeah It demonstrated that there was need for computation on a blockchain, right? So that's why Ethereum exploded right from the price of like a dollar or less to to what we have right now, right? So so I would say tech obviously matters and eventually the big funds are gonna buy Right? I don't see big funds buying Pepe as much you know Doge I think Elon is probably the best example of maybe just one guy who plays around but it's nothing too serious Yeah But I think we'll leave that caveat there But that being said I do feel like Like the last point I'll say about memes is that memes are a breath of fresh air You don't have to worry about tech for people who have Yeah You know people who don't want to understand like if we've been looking at You know all these layer 2s and all these layer 2s and all these layer 2s have so many different ways of exit Yeah Like if you look at the tech Yeah I think it's coming to a point where most people don't understand it anymore I don't want to understand it Yeah Right If you compare how GK Sync Rob layers exit blockchain you know how how how that compares to Optimism or how that compares to Arbitron you know the tech is so deep But it's not that people don't even want to know it's like even the the developers don't know which one's better anymore It's almost a point where the CTO doesn't know any um how these implementations work So the tech is confusing people but Pepe is like there's tech right there's a there's a button in the clip All right So that being said have you you you're definitely playing uh meme coins what did you I haven't gotten in yet I'm just monitoring it because um You have to be aware that everything is based off of narratives So will the Pepe narrative and meme coin narrative have an expiration date? No No just joking You don't know It will I feel like I feel like I feel like it gets like three four weeks at least Uh this was kind of funny I posted this uh what's the next Pepe show me your bags I bought by the top five so yeah why not right I thought why not Right so uh this one has I think over 500 something comments So uh how many of us yeah 500 something comments on the top five which is actually quite insane so So uh That didn't know the engagement on this was just not straight Should we just make a second click into it so uh so we got poor guy we got uh Wait why doesn't I put down my link right there All right uh Pepito we got Wojak I was just browsing through this one why doesn't why does the scrolling not work why is I think oh That's a lot it's a lot I was trying to figure out what would be the best way to like combine all this rabbit pleb Uh there's jesus Mom was pretty big I saw mom was pretty big find some of that why not Um sir I saw sir I saw good morning Again like this is like the 10th good morning I've ever seen but why not Uh 4chan was here just Gensler Gensler was being quite hot yesterday Um you know because people love that guy he's our favorite Um so yeah and there's various versions of um Pepe the baby Pepe There's some salty you're feeling salty it's like everyone's capturing it on everything Yeah Uh my name Jeff My name is Jeff I would take Jeff I think there was Dino somewhere Yeah there's washi Dino's pretty hot right now as well because I see whale charts chilling that every freaking day Yeah, and I think today is the only meme coin that is up by 20% Whereas everything is down if you check coin get-go Yeah It's expected right it's expected but I do think that this trend will continue because like My gut feeling is that the core reasons of why this is popular hasn't changed right I think like if you look at Soi they're still playing the game with these tokenomics Yeah I feel like people are still gonna be sick of that So I feel like for the people who are in this space it's not just about the DGens but for the people who kind of Don't want to play the VC don't want to be a bank holder for shitty VCs Right that's the only thing they can play right now Yeah So I do feel sad I don't think that's gonna change for a while which is why I feel like memes are still gonna be in and out That's the sad part the fundamental reasons of why memes are so popular That's not fixed right I feel like the only way you can fix this is to have new projects that are released with you know maybe And we do see some of that right like we see Podfast Jeff Pace project he released it with 100% on-bop Right so yet again at least the tokenomics are not broken completely broken Right so the more you release at the start the more sense it actually makes so I feel like Unless we change that trend again I still feel like memes are gonna be around And it's sad it's it's it is sad like because like Unless the shit in this space is cleaned up You know memes are gonna be around Yeah, but um, it's so unpredictable because If you if you remember in January we had bonk right? Yes On Solana and that's like crazy too Yes, but it doesn't last long But it didn't last long For Pepe it's been three weeks Yes, also my gut would say a few weeks And then it will die But it might be a second one taking over I see I see people want to play Yeah, I want to play You want to play Yeah But yet again We got comments saying that the transaction fees are Insane right now On EVE On EVE It's nuts Yeah It's nuts man Like the number of people buying this And I feel like I feel like right now we have Oh, it's okay It's at 98 weight This is probably the weakest hour Yesterday I saw the gas prices shoot up to 168 Like that was insane So just for a transfer fee right now We're talking about like 5-10 bucks on Ethereum And a purchase would be If you want to purchase one of these meme coins It'll be like 30 to 50 So people are priced out for sure But We can also see that the meme coins are other Other coins are just not so strong Right We like I think there were attempts to make Arbitron PayPay Attempts to make On Binance coin But BNB chain I feel like It's like The fees are low People know how to use it But people who got there Were on there Like there's just too many DJs that got crushed So people there aren't rich So it's always about like How many rich people are on this chain And then EVE has the strongest Yeah And most number of rich people So I guess So it's like we're still reinforcing EVE right now Even though it's broken So sorry Sorry Ron There ain't gonna be There ain't gonna be 30 cent transactions Anytime this year That ain't gonna happen So you're gonna You're gonna have to burn millions of dollars a day Which Good for EVE holders I guess Good for EVE holders Yeah Yeah because of this It's also hard to farm Airdrops on mainnets now Yeah Super hard And yesterday I was like So I was playing around with Spool Spool Spool is being It's a solid lead port right? No no no This is Spool fight It's a farming platform I've been looking at So this is good Like actually good tech right? Yeah So this is Something about liquidity maturing? So basically what it is Is that it allows anyone to design their own farm So Yo farm So Right now This is an alpha leak to be fair So Okay So it allows everyone to create their own spool Which allows people to deposit funds into it And it sends it out into different Uh places for it to go So it's almost like a It's a layered axe on top of a bank Yeah So instead of like depositing it into a bank You deposit into a spool Which is spread it out into other banks Okay If you think about this But yet again I wouldn't use the word bank Per se Because none of this is insured Etc Blah blah blah It's an infrastructure It's an infrastructure Yeah Right So So right now Like there's some ones that are giving 20-30% still So I was trying to play around with the farm stuff But the problem here is that every interaction Let's say every deposit I was trying to make yesterday It was around $160 For US for our deposit So I was like Man That's like You gotta You gotta commit Man You gotta commit Can we look at the vaults? The APY and the vaults Yeah Yeah You cannot put my vaults I'm not gonna put my vaults here I'm not Okay That's right NT NT NT NT NT I'm not gonna put my vaults here But But Yeah And I had to move vaults Because some vaults Because I was in some of the older vaults So some of the older vaults Were only giving out like 1.something So you have to move from like The old vaults to the newer vaults Like the Genesis vaults are like dead right now So I have to move So I have to like Exit funds Which was like $160 for me And put them into new vaults So it's $160 I was like Man I can buy a drone with that You know I can buy new stuff with that And I had to do this multiple times Right So I was like Oh man I just feel that pain That's like $1,000 in fees right there It was nuts bro That was like my weekend But I feel you Me too It was bad It was bad I was not happy the whole weekend Not just because You know Missing out on this But like The fees on ETH Is just It's insane So upset bro Yeah Ronnie Ray says Spool might be pumping right now So that's why I saw Yeah Spool was moving So I have to move my spools around Right To maximize my spool yield So Yeah they're doing pretty well I definitely feel like We should probably Do another episode on staking I think it's still alive But I see some comments there About cryptograms Let's see that fees at WTF I would love to show you that But it would dox me for sure It's a multiple wallets But yeah It's like Thousands of dollars being spent For a week Was you know Just on fees I think I spent probably like 50k on fees What How For a week No no Before Before Probably on one of the accounts Okay On the main farming account 50k Yeah What the hell Yeah bro Because back in the day When you trade as well Especially when you're trading fast You want max fees right So Yeah the food farming days You want max fees You want to get in Before everyone else And it's like It was just worth it Obviously you made profits Of course Of course Obviously Gemmouse is Is Epic Cash a meme coin? What do you think of the project? So I would really not classify A lot of the projects that do stuff As meme coins The memes need to be good Right Like Epic Cash would be like It's a cool coin But it's like It ain't memeable Yeah Right And I think CZ put this very well Because I was trying to bust CZ's ass before I was like Yo What do you think of like Doge Because like You know And as an exchange owner He can't say positive or bad Good or bad things About a coin Right Because if he says bad things People aren't going to trade it And he's going to lose Money at fees If he says good things Then he pumps it Yeah And then It goes down People are going to blame him Right So it's like I was like Trying to put him in a tough position And his response was so good on that He was like Oh You know When it came to Doge He gave the facts out straight You know He's like Oh We see large wallets Holding up to Like 62% of coins He gave a number Obviously that was the correct number Don't quote me on this But he He did He's like These large wallets They control 62% of coins We We know that During the The founding of Doge There were some Problems that could be Seen as insider trading Blah blah blah So he lifted a bunch of problems But he says Also something that's really amazing about Doge Is this auto self-marketing It's one of the Like The amazing phenomenons I mean Like he invented that off the bat Right It was like Wow Auto self-marketing Like Wow Like Where do I buy this But it is also true Right It's like Like all these meme coins They People just Love them Right I thought he was like Did I just say that Wow He was very good He was very good Like This is why CZ is such a good presenter Right He's like He's so good at Just like He pointed out the weaknesses Yeah Right And then he gave Substantial Accurate Numbers To point out those weaknesses And then He spins it Like wow Okay Sure Auto self-marketing Sure Sounds great So I would say Yes PeiPei would be self Auto self-marketing Dino would be Wojak would be But Epic Cash And all these Projects that do something They will not be Like So So Zoe would not be Zoe Plane Would not be But so We'll see Change EBT Will not be They're not fun People People will be like I gotta do research But meme is like Nah You can't do research You can't do research It's just luck Honestly At the end of the day It's just 50-50 When you're in No No No It's It's It's It's It's It's It's a load of dice Right now It's It's 80-20 That's even But the moment It becomes 20-80 That's when it's game over It's Game over Alright Okay Cool So I think That's wrapped up That segment On meme coins Guys Thank you guys so much For doing the polls On that Let's Let's go back To real stuff So we're gonna bring Natalie here After our break But we are gonna show you guys Another The same ad segment So we're gonna bring back The ad segment While we do a Scene transition So Yeah We'll see that happen Peace Bybit is a top Cryptocurrency exchange And now They are listing New coins The fastest With the most volume Which is pretty insane If you wanna get in On all that crypto action If you do wanna join The Bybit exchanger It's a limited Time offer Which is 50 free US dollars If you do the first KYC And you load More than 100 dollars Into the exchange If you're interested Sign up with the link Down below And you'll automatically Get in this offer Remember It's only for the first 100 people To do so So What are you waiting for? Alright we're back And we still got volume I double check Hey It's Nat Hi Morning Morning So Nat's been Okay so So The way we're setting things up Is Ron's gonna do All the DJ stuff You're gonna do All the legit stuff Yes Yes I see that look On your face You're like Yes Yes Yes No No Yes Yes Alright So You definitely said A lot's happening This week Especially In a turnaround So So I guess We'll look at the news One by one But I guess You have to send me The news first What did you send to me? Okay On our group Okay cool So let me Let me throw this out For you Alright And then We are gonna bring that To Brave How has this Week been? I mean If you don't look At the DJ and stuff Is the Is the Legit news Just as interesting Or is it Boring AF? I've been reading a lot On the US Regulatory side And I think I feel like the US Has been more active And they're more proactive On How they want To shape crypto In the US Space They really Like I feel like They actually want To make it clear They want comprehensive Crypto rulings In Or Or regulations In the US So to make sure There's like You know Proper Regulations About the same time Do you think The backtracking Do you think Because like They were very Against crypto I think with Mainly Gary Gensler Who's very Against crypto I realize Like For example Patrick McHenry He's actually Quite Not supportive But at least He's like On the complete Opposite side Of Gary Gensler Because we Saw that before Too right I think I think Around 2-3 Years ago We saw The SEC Was Kind of Against crypto They were Kind of Pushing Back on Ripple And I don't Know why The Ripple Case took So long To settle But For the longest Time Period of Time They were Pretty Anti-crypto And then The CMCC The commodity Side Was very Pro-crypto They were like Yeah Let's Go forward Let's Push this Forward So We have This war In the States So Now Finally We have More Hearings Yes And They're Also Bringing In The Lawyers As Well Oh Great Amazing Wow This is When no One Pays Attention To This Wow Let's Bring In Instead Of Bringing In Memes Let's Bring In The Lawyers Okay So Let's Start With The First Bit House Financial Service Committee Scheduled Two Hearings One On Bank Theater Another On Digital Assets You Can Move This Around So This Would Actually Change It For People So The One Agriculture Subcommittee Is Having A Joint Hearing On The Future Of Digital Assets Measuring The Regulatory Gaps In The Digital Assets Market Which Is 100% What The US Need They Really Need To Fill The Regulatory Gaps So They Have Been Pushing A Lot Of Big Crypto Exchanges And Just Crypto In General Out Of The US A Lot Of Crypto Exchanges And A Lot Of These Big Crypto Projects Are Moving Out Of The US Because They Have Been So Unclear On The Regulatory Side And They Are Scared They Don't Want To Get Witch Hunted By Gary Gensler And The SEC So I Think This Is Very Necessary And Especially Because McHenry Also Said In Consensus Saying That They Want To Push Out A More Comprehensive Crypto Bill Within Around Two Month Two Month I Think It's A Bit The Time Is Very Tight For Them Two Years Or Two Decades I Think He Got The Wrong Time There But You Know Let's Decide Ripple Is Security First That Conversation Started Five Years Ago Two Month Two Years Maybe Speaking About Crypto Speaking About Ripple As Well So Ripple Always They Been Sued By The SEC For Since 2021 And Coinbase Is Currently Being Sued By SEC As Roll They Gave Them Last Notice And I Saw On The News Today That The Chief Legal Officer Of Ripple And Coinbase Met Up And Some People Have Been Suspecting That Is Coinbase Going To Relist Ripple But I Mean They Listing Everything Else But They Were Scared Because Ripple First Got Sued By The SEC They Immediately Delisted Them They Didn't Want To Get Involved But Then Now That But Then Okay At Last They Cleared The They Said That They Are Not Relisting Ripple Because Ripple Just Launched A Liquidity Hub Service And They Are Not Even Listing XRP So Why Would Coinbase Relist Ripple However People Suspecting That They Working Together To Fight Against The SEC I Think So Advice At Least How To Deal With This Yes Like I Said With Coinbase They Were The Ones That Were The Most Compliant They Were The First Ones To Ratch Out To The IRS The Moment You Make That Coinbase Account The Moment You K See The Moment That You Put Your Social Security Number If You American In There They Are The Ones That I Crypto Co-tax This Guy They Were So Compliant They Were The First To Rat But Yeah Anyways So What's Happening Here With This The Next Piece Of News And Why They Are Working Together To Fight Against The SEC Because The Court Actually Ordered The SEC To Respond To The Coinbase Allocation In 10 Days This Was Unmade 24th So They Have To Reply Before May 14th And I Wonder How This Is Going To Turn Up Because The SEC Is Like A Lot Of People Have Been Saying That If The SEC Is Actually Going To Fight It Is Actually Going To Sue Coinbase They Are Going To Lose Because There Was A Video On Twitter Posted By Meta Law Man Saying When Gary Gansler Was First Appointed As Chairman Of SEC He Actually Says That The SEC Does Not Have Authority From Congress To Regulate Crypto Exchanges That That Is First He Was Appointed As Chairman So Why Do They Suddenly Have The Right To Regulate Crypto Exchanges Who Are They To Say That Oh We Have The Money They Are Like Oh People Don't Like Securities Anymore Let's Regulate Crypto So Then They Have Some Of Cash Full Coming In To That Department So But It Is Really Hard Like You Can't Just All Of A To Say That You Have To Right To You Right You Don't Even Know If Either Security And Now You Want To Regulate The Whole Crypto The Magic Right So So The SEC Has To Make A Response In 10 Days So This Is Actually Quite Interesting To Watch To See What Is Going Happen Because Yet Again This Overall Negativity Is A Lot Of This Is Actually Coming From The U.S. And It's Like It's A Case Where I Feel Like They I Think They Messed Up In Not Regulating And Like Not Providing The Guidance I Would Definitely Agree With That The Clarity Is A Big Problem Like If You Look At The Way The Chinese Have Been Playing It You Know The Chinese Were Like Knock It Out Oh Now But They Switch Their Narrative Okay Actually Hong Kong Is Going To Make Pretty Legal So I Think At Least There Was Clarity There In That Perspective And That's Why The Asian Narrative Is Becoming So Strong Right Now Right But The American Narrative Is Just Like This Is A Shit Show Right I Feel Like It's Not Going To Get Cleaned Out For A While So That's Going To Be Quite Scary So Let Take A Look To Really Address It It Would To Consider If It Was If You Asked My Thought To Consider Whether To Bring Greater Investor Protection To The Crypto Exchanges And I Think If That Were To Be The Case Because Right Now The Exchanges Trading In These Crypto Assets Do Not Have A Regulatory Framework Either At The SEC Or Our Sister Agency The Commodity Futures Trading Commission That Could Instill Greater Confidence Right Now There Is Not A Market Regulator Around These Crypto Exchanges And Thus There Is Really Not Protection Fraud Or Ridiculing In Our Consciousness They Have No Clue What They Are Doing Yeah But The US I Think They Are Moving In A Quite A Positive Direction Towards Crypto And Regulatory Side Because New York Used To Be Strict On Crypto Regulations I Think They Pushed The USD Out Of New York However They The New York Attorney Letitia James He Is Backing A New Legislation To Change State Business Laws To Impose Stricter Regulations On Digital Assets Like Cryptocurrency They Want They Basically Want So Whenever A Crypto Exchange Or Some Crypto Projects Want To Start In New York They Need To Go Through Audits Or They Need To Send Out Their Financial Statements To Show That They Have Enough Funds Or Enough Reserves So To Prevent FTX From Happening Again So I Think At Least They Feel Like These Crypto Exchanges Need More Transparency In Order To Prevent Scams Or Prevent Frauds You Know Back In The Day Before Starting Crypto I Would Think Oh These Regulators Act In The Best Interest Of People I Used To Believe That Right You Know Like They Will Use These Reasons A Bunch Of Reasons Oh Yeah We're Protecting Investors We're Doing This But Now I'm Just Trying To Follow The Money How Much Money Can They Make From This And If They Can Make Good Money And They Can Protect Your Precision So Be Good So I Feel Like I Think I Wasn't As Cynical When I But It's Not Really About That Right I Feel Like It's Just About How Much Money How Much Tax Money They Can Generate How Much Money They Can Personally Gain From This You Know If You If You Let Crypto Go On For This Long Period Of Time If You Think About It Right Crypto Was In This Regulatory Hell And Still In This Regulatory Hell For The Last Ten Plus Years What Does I Say About These Regulators These So-called Regulators Right And At The End Of The Day I Feel Like They Don't They Don't Care At All Like I Used To Think They Care Like 5% But Now I Feel Like They Don't Care At All So I Think This Is The Situation Where It Is Unfortunate That We Have People That Have Power And It Just Unfortunate That This Is The Case So The People Who Are In Power They Are Just So Confused And They Are So Broken It It It Is Quite Sad But That Being Said I Think It Is Just To Watch I Think It It Is Like Watch US It Is Probably Going To Be A Mess For Two Years I Follow That And Then Of Of Of Of Of Asia Right So I Soft Show Your Channel Here You Been Working Non-stop On Crypto Squad How Has It Been So I Been Doing A Lot Of Videos On Introducing Like Great Players In China Some Of Them Might Not Be Active In The Crypto Space Anymore But It Still Interesting To See Because I Realize That After Doing Research On These Individuals I Think They Are Like Most Of Them Know Each Other A Lot Of Them Have Worked Together It Is The Same Circle Yes It Is A Very Very Tight Circle Some Of Them Might Not Be In Good Terms But Then A Lot Of Them Have Definitely Worked Together So I Just Been Talking About Them Talking About Interesting Facts About Them What They Been Doing Or People Can Move Markets In China Yes Very Rich People Very Rich It It Quite Crazy Because Early Investors In China They Are The Ones That Also Own Millions Of ETHER And Bitcoin Six To Seven Digits Worth Of Amount Of Bitcoin So The Early Miners It Is Quite Good So If You Are Interested Check Out Crypto Squad I Will Put That In The Link Down Below As Well But It Was Just Non Stop Providing Who Is Li Xia Who Is This Guy The Biggest And Richest Scammer Who Made It To The World Economic Forum He Is Chandra Gua Wait Really You Take That Total Chandler Wow Alright That's Going To Be Fun Chandler Gua He Is Like The King Of Mining Right But He Has Shady Past Yes I Think He Owned The Biggest Mining Thing In China Or In The World Actually Interesting Interesting So Take a Look At That Guys Thank You Guys So Crypto Grounds If We're Talking About Investor Protections We Need Classified What Level Of Investor Is The One Being Protected I Don't Know Man Bro Hey You Know Who Needs Actual Investor Protection In The US It's All The People Who Have Insane Amount Of Bank Debt The Ones That Are Always Under Credit Part Debt They're The Ones Who Need To Be Protected From A Financial System Right Not The People Who Do Have Money To Invest It Makes No Sense To Me Whatsoever But Here We Go But Anyways Take a Look At The Crypto Squad So Lots Of Stuff Happening In China I Think This Is Just Gonna Heat Up I Think The China Narrative Is So Strong Right Now So Doing Super Good Work Congrats On That What Else Is Happening In China If You've Been Reading This Stuff In China What's Been Happening This Few Weeks In China Yes Still Quiet I Think China Is Pretty Quiet They're Just It's Just Hong Kong Saying That Encouraging Banks To Provide Banks Institutions To Provide What Three Yes I Think This Is Probably Just The Biggest News In Hong Kong Right Now It's Still Heating I Think It Will Take Around Six To Eight Month To Start Up The Asia Narrative Full Start Up The Asian Narrative I Think That Was The Case Where When We Attended The Conference Something We Saw Was That It Was Mostly Industry People Right The Retail People Haven't Really Started Yet So It's The Infrastructure It's Just Starting Just Starting So We Will Have We Actually Invited OKX Linux To Come Over So Hope That Would Also Shared Some Insight Into What Is Happening In China So I Think That That Is For Today Episode So We Got The U.S. Narrative We Got The Are You Into Meme Points I Was So Excited About Pepe When Ron And I Were Filming The News Duo Last Week After Filming We Were Going To Buy To Pepe We Ended Up We Were About To Buy It I Don't Know I Was Waiting I Was Reading Your Tweets As Well Saying Whether Binance Is Going To List Pepe But It Turned Out To Be The Opposite It Turns Up Binance Just Wanted The Money Show Me The Money So I Don't Know I Will Probably See When The Price Is Stabilize Or If The Pass To To To To To To Sounds Good So Guys Thank You Guys So Much For Today's Episode We Tried A Few Different Scenes But Guys Do Smash Up The Likes We Will Resume Streaming And Continue To