(Monday) Fully bullish on ETH? How DOGE is a prophecy for the rest of this altcoin season

started so hey everyone let's get started today with today's live stream welcome welcome to the box mining live stream the stream that we do every monday and friday hong kong time 11 a.m bright and early in the morning so welcome to our live stream today where we're going to talk a lot about cryptocurrencies and there's a lot going on there's a lot of talk on dogecoin this weekend and there's a lot of aftermath from that but honestly i think the aftermath is actually quite good i'm actually really bullish after this week despite dogecoin going down i have a shot of the dogecoin here you can just see the crater that happened a little bit over here i think i think few were surprised if you've been watching this channel you would not have been surprised by this giant dip that happened right after the snl skit where elon musk went on to talk about dogecoin a lot of people will probably be pondering still pondering why doge down right at this current point but if you've been watching the channel you've been following my trades you know what's happening but something that's also quite important about this chart and what's happening here is it also reveals a lot about the sentiment and the mentality of this market right now and it's my belief that after watching the whole aftermath of dogecoin and the the catastrophe that that was um that we're in one of the strongest bull markets ever because and i'll give you the reasoning for this in the dogecoin segment today so stay tuned for that we also have a package like a huge pack of news oh wow i don't really even have the window capture enabled here so let me just flip that window capture on but we have a lot of news on top again just see all the tabs open we're going to take a look at the markets it's a really exciting time we are at almost four thousand dollars for eef at this current point four thousand and we're almost almost here breaking sixty thousand for the price of bitcoin today so what an exciting day to do a live stream huh this is a asian bulls coming in this is if you're looking for the asian bulls this this one this one this one this this one would be be it but for sure this is a very exciting time right now we're probably going to be able to see ethereum break that four thousand mark on today's live stream so you know what but i don't better day to start the show than this right anyways so let's get started we have tons of news tons of announcements uh and everything going on i hope you guys are tuning in at a great time if you guys are make sure you smash up those likes it really does help this channel grow you know we're always honest we always give a very good overview i've been in the space for longer than i should and uh we always give a good overview of what's happening markets you know all that excitement and hype aside we we tell you guys what is really going on in the back end so i really appreciate it if you would just smash up those likes here it really does help the channel and of course we do some surprise live streams we have a live stream with crypto and friends coming up this week as well make sure you stay in tune for it i will be in two days exactly same time in two days and that's going to be featuring some of the really cool people and get to ask some good questions and we'll have a great discussion and a good show out session so anyways guys let's get started today and let's get the show on the road all right ladies and gents we have 4k for the price of ethereum we just crossed it in that three few seconds that we okay maybe not i guess to see that refresh where we're super close we're okay yeah it depends on how you refresh but we're super super we're just at the cusp of breaking four thousand dollars for the price of ethereum you can see that giant smile on my face yes the markets are moving up today we're at such a critical point because four thousand dollars is such a big psychological barrier it's one of those situations where you know i've been talking about eef since it was like a hundred it was a 200 and now no one cared at that time you know when it's 200 100 no one cares about eef right but now at three thousand four thousand everyone is asking me oh are you still in ethereum it's a great time to get in now well it really depends the best time would have been a little bit earlier but right now we're still seeing a strong growth i still held on to all my eef well just a little bit i cashed a little bit over the last few spans just being responsible being you know like taking a little bit of profits but i do have to admit i went back into eef this weekend i'll tell you why there's a good reason for why i believe this run is going to go for much longer than at least a lot of bears predicted it you guys see on last episode right so last friday's episode on box mining here i was a little bit bearish i admittedly i was a little bit bearish you know especially with you know we brought some bears out we we got we brought we had a rap song out you know when the rap song comes out i'm usually saying i'm a little bit bearish we brought these little bears out you know winter is coming though but today i'm actually a lot more bearish and i'll tell you a little bit why that is and this really deals with sentiment right we'll do a full recap of that during a doge market but right now at the current point i'm definitely a lot more bullish after this weekend after what i saw with snl i basically went back and redeployed a lot of capital pretty much like 30 40 percent of the capital i was sitting outside on the fence any of the fiat's or the stable coins i was sitting on the side i redeployed that into crypto at this current point because i feel like there's two points that we're looking at right eve has a major breakout so if we broke above the um three thousand five hundred dollars resistance it was pretty easy to break through that now we're probably going to see something at around four thousand but eve could continue it could be a point where we see the hype cycle building up again for eve people who are looking into other cryptocurrencies especially people who got into crypto via doge they could be rapidly exploring the whole entire ecosystem and there's a lot to explore here which is amazing 2017 there wasn't that much beyond the whole ico gig to explore but now indeed when in crypto especially with eve there's a whole of decentralized finance to explore that new area that the new system of finance that's going to drastically change and replace what's happening in the whole financial markets right not just with sending cryptocurrencies but with lending platforms essentially operating like banks with insurance we have exchanges coming on that are decentralized as well very very big ecosystem to explore so i'm super excited to anyone who is definitely coming to space and really cares about the space beyond just the memes they're going to be in for a swell swell time now bitcoin on the other hand sure bitcoin's been sitting in what we've been seeing as i've been calling this the golden cage right so between 48 000 and 64 000 bitcoin's just been sitting here for for since march since march and you know in crypto every month it's like a year right so it feels like it's a year or two since the last time bitcoin really made a movement beyond this golden cage but that's also a good thing we're kind of pushing up a little bit more we're showing a little bit more strength especially as we move towards kind of kind of more and more people understanding crypto which is really great for the entire market so this is why i'm actually feeling quite good so overall i definitely see a lot of positivity on the market you definitely see as well a lot of asymmetry as well so basically more coins moving up than down so that's my kind of usual thing i do in the morning is i just just have a general check you know where are we where this is gonna get a probe on the market are we more up are we more down what's happening with the alts so yet yet again we're kind of pushing in that altcoin season now let's get on to the main topic of what you guys are talking about because dogecoin really changed my mind on where we are in this market and i'll tell you why i'll tell you why i'll tell you why so let's very quickly go to my tablet here and this is the dogecoin chart for the past two weeks right and this is a very classic case of some sort of news happening in crypto and that news being the snl event and you can very clearly see that event happening here right so so when you see the dump this is the snl event snl and you see kind of kind of the run-up to the event i'll put that as the rainbow color here right so as people started confirming you know on twitter oh elon are you are you are you going to talk about uh dogecoin during your snl skit then you can kind of see those kind of those events up here and then causing that run up for um the price of doge right so this is a very classic case of buy the rumor sell the news right we know that this is one of the most common um i guess phenomenals up here like this tends to always happen uh it's just human nature it's not it's not really anything to do with any complicated science or whatnot but people tend to really feel like they're during the run-up to an event people feel like they know that something special is going to happen they feel like they're they're in the know right they feel like they know more than everyone else at this there's going to be an event happening and that's when because people are very confident they they feel like they know more than everyone else they tend to start buying and then what happens is that during the event when the event happens obviously they lose that advantage right now everyone knows about this right everyone knows about doge and a lot of times because of the hype up to a particular event there's always almost always a dump when that event doesn't live up to expectations right if you guys did watch the tweet on snl i think a lot of people were like oh my god snl is trash oh my god this is so unbearable cringe you know that that tends to happen a lot in crypto it's because people's expectations are through the roof right people people are expecting that there's gonna be you know elon musk might literally turn into a doge and bark and you know throw coins at people you know that that's that the level of expectation people are at and this exact same event happened one of the most memorable ones would be one of the big neo rebranding announcements back in 2017 virtually the same kind of phenomena appeared and that was that's memorable to me because it's one of the first times i've observed it but once that really observation really came about it really gives me an indicator of where we are in a bull or bear market right right now we're in a bull market and it gives me an indicator are we towards the early part towards the mid part towards the end part of that bull market because the sentiment right how people react to these events and how this phenomena plays out tells you a lot about the experience and also about the kind of skepticism going into crypto so let me explain a little bit all right so so typically speaking this is uh the kind of event run-up phenomena that we see right so hype going up towards the event and during the event happens it dumps sometimes if you're very very early in a bull cycle right sometimes you don't even get a dump right sometimes maybe the snl event happens and because people's expectations were low to begin with and because um the event is so big what what sometimes happens right i'll draw this in yellow here is that it continues going up right oops this is the wrong chart this is wrong chart okay so so sometimes what happens is that towards the run-up um the coin the prices of the coin still goes up after this is early this this will signify um this will slide early if i can't spell early i can't even spell today i literally cannot spell my brain dead yeah okay this is early in a cycle in early bull bull cycle all right where if if it if it goes up even more uh that means we're early in a bull cycle and i don't think anyone would say that we're early in the bull cycle anymore we're starting to approach the mid-period now something that happens is that because people kind of if if people know that the dumps going to occur at the event right if people understand you know this idea of you know buy the rumors sell the news right and we know exactly when the news is going to happen what tends to happen and when some uh what tends to happen as the market gets more and more experience is that people start dumping before the event right so let's start there's some they'll start selling earlier right you don't want to be caught in this so you want to sell here right so you want to sell before the event happens right so that's kind of the the the strategy that a lot of people adopt so so uh did i sell did i adopt the strategy absolutely and i was telling you guys a little bit about it on friday now friday i was quite bearish why why was i so bearish on friday well it's because friday we only saw the graph up to this point right so this was a minor dump here and this showed that there was significant weakness in dogecoin and if something like this happened if this was a chart that would mean that will be towards the end of a bull market because the run-up was here and then very early on right before one or two three four days before the event people started already cashing out because they're afraid of this dump right so that was why i was a little bit bearish because if the dump is happening so early if the dump is happening one to two days before an event that means we're towards the later end of a bull cycle right if you get if you get the gist of it so if people are afraid of this and people who have been into space for a long time they all know that this was going to happen because they understand that um that the expectations of these people cannot be met right you can kind of see that in different chat groups you ask people you know what do you expect to happen during the snl skit and people are doge one dollar well in that case then well sorry that's in that case you should be very alarmed you should be very scared right well not financial advice of course i i would be very scared so that that's the case where i thought kind of what was happening was that the dump was kind of happening early and the earlier that that dump happens um before a major event the more uh the more later we are in a bull market that's how i would kind of gauge this so that didn't happen so that was good that was some good news over the weekend so after this little scare bit the price went up a little bit more and it beat this previous high as well right before the event that happened before the snl event right so this actually tells me that this gap is very very small right this oops sorry i hit again really really bad so yeah my bad so yeah so the run-up was very strong um here where uh it kind of recovered in price and then beat the previous high and then the gap the distance between the event and the peak is very very tiny right the very very tiny that that's that tells me that we're we're still actually quite early right that uh that um people are still buying this it's kind of crazy but you know um that the hype towards that was crazy now i also during this during the dogecoin snl skit everyone was asking about dogecoin right like all those high school friends like everyone like literally there's just like different friends from every place every nook and cranny they're like oh i remember you're in crypto and you know this doge thing is it really that great right before snl skit obviously right and then you know half an hour later i send them a screenshot of doge going down i'm like hype cycle hype cycle be careful be careful be careful but anyway so um yeah this tells me this tells me that people are still kind of very trading based on emotion and not on kind of logic and or experience in the space where they have this run up and this gap because it is so um so small i feel like uh we're still quite early in the dogecoin or rather in the crypto cycle because doge right now being you know number let's see let's see is it number five or number four cryptocurrency right now it's it's constantly competing to be number one number four number five it's such a good indicator yeah so it's right now it's number five it's very very close to number two so you can see it's only a billion dollars difference from ripple but you can definitely see um yeah so yeah there you go can't really switch scenes today but you can see um doge is very close it's because it gives you a good indicator of where the public is at right because we know that when the public when the public comes into crypto is a great thing everyone learns about crypto crisis go up because there's more demand everyone is interested everyone wants it but the problem with the general public going to crypto is a lot of people don't tend to don't understand so we have these giant collapses in the crypto in the cryptocurrency price when a little bit of fear comes on the market then everyone gets like weak hands and then start selling and then i'm like oh my god the cycle continues right so obviously i don't want that but i kind of understand that yet again this is kind of how the general psychology of people work and it's something that you know we just kind of deal with in crypto we like you understand it and if you trade with it if you trade understanding this then that's great if you trade not understanding this then i don't know it's it's problematic problematic to say the very least so anyway so um uh did did i trade this yes i did i was very transparent about um the fact that i was trading doge and uh my trading strategy for doge is actually quite simple um when no one talks about doge i buy all right that's generally speaking the case where no one talks about doge i tend to buy so i i actually use the doge bull leverage tokens the 3x tokens and they kind of work quite well for crypto for doge because honestly doge is not something i want to hold for a long time um it's something that's a purely trade and i'm i'm okay with losing everything that i have in doge which means that if you trade doge bull if the coin prices fall by 33 percent then you get obliterated uh most likely you'll lose all your money right that's how these bull tokens work is three times leveraged right which means if it goes down by 33 percent wrecked game over but at the same time if it goes up by 33 percent you double your money and if it goes up by 100 percent you triple your money right that's kind of how these bull tokens work and it worked super well so let me just very quickly copy and paste uh the trades over here so um i didn't do too much after this so let me see doge one and doge two let me just copy this chart over let me show you guys this so um so yeah so with doge bull i roughly got it around 30 000 i showed you guys two orders so roughly around here and here and then i sold a bit right so i sold here and here so it was from 30k to around there was a one at 120k and then there was another time at 90k so roughly there so i bought at 30 um and then i sold at 90 and 120 in fact i sold one more the last 20 percent up around 160 as well so that was a good trade um that was really fun and uh obviously it's highly risky so if you're trading something like doge bull if doge went down at this point then i could have got a little obliterated kind of got to zero that that was a absolute possibility i was willing to but it didn't go to that because obviously the snl scale was coming and everything was coming so did i exit a little bit early obviously i did uh let me just show you guys the true dogecoin doge bull chart so it's a little bit obvious here what is happening so on ftx just give me a sec uh doge let's see doge bull all right so doge yeah doge bull is here blah blah all right so yeah i saw this huge cycle so i did get get caught out so you can see on uh actually not probably day one it's not very good let's go for this one all right so there was those twin peaks on here so yeah so i got a little bit spooked out at this point which i mean i guess i you know you could you could you could have gone back in time and said oh you're an idiot you should have held through but i didn't know at that time right so i took some profits at um at this here and then around here um because i knew the kind of the snl event was here and i knew that i wanted to exit the position before the snl skit actually happened that was that that would be high risk for me right low risk would be when no one is talking about doge doge so when no one talks about doge i kind of enter the position and then take the profits on the way up so you know basically having um literally 3x 3x i'm okay with 3x you know 3x in fact i'm okay with 20 gains whatever um and then not 30x 3x okay three okay i can't write today 3x so this will be a 4x up here so yeah so i'm okay with these numbers you know a little bit better here that would be around 5.2x so yeah so i'm okay with these numbers i mean it was a fun trade it was you know and it was fun and interesting for a while and then obviously i kind of stayed away from the snl skid all right like i'm i'm risk averse i don't know what the hell is going to happen here and we know that tends what tends to happen is people in crypto they buy the rumors sell the news and if that holds how true that was my philosophy i needed to exit my positions before the snl event which is why most of the exiting happened on thursday and friday so a little bit uh beforehand so am i sad that i missed the the second top um not really i think that's that's fine and i took some profits and that was my trade did i get back into doge yes i did so when the snl skit happened when everyone was disappointed i guess i just saw everyone being disappointed on twitter i was like you know what let me enter the position let me enter re-enter a little bit and see how it goes well so so that was kind of fun that was um that was my ride for that was my entertainment for the weekend um kind of trading that it was not very serious it was a situation where i'm just kind of like oh i'm playing with this i i kind of understand the sentiment of and the patterns of what's going on i'm trading based on these patterns and that worked very well for doge because doge um it's one of those coins where there's a lot of problems and people know that and understand there's a lot of problems with doge but the interesting part about doge is that there's no like developments right one of the biggest problems is that you know you want an active development team and you want you know this coin to improve but with doge you know it's it's it's it's relatively abandoned either that or decentralized if you want to say it that way it's decentralized no one's really leading a development for it so this is one of the easiest coins to research right you don't have anything that's happening in the last few years that drastically affects no fundamental developments that drastically affects it mostly a sentiment play and yeah the sentiment seems to suggest that we're still quite um early mid bull market is where i would pin um everything at right now so i'll pin us at early mid bull market where people still they don't understand how hype cycles work they're still speculating right towards the end of an snl event and yeah that's that's very i think that's um that's good that's good for at least for people um who understand where the sentiment is and i think this also like it kind of reconfirms the rainbow chart i've been showing guys here um a lot where you know we're at this point where we're kind of at the middle of the rainbow chart so you can see that here um you know bitcoin follows through these cycles it's just these these like you know uh bull and bear cycles and we're mid bull and that kind of reconfirms it right mid bull uh we're in the middle of the orange chart and people are still coming in new people are coming in they still don't really understand how these cycles work and yeah that could power up the the next bit so yeah i'm actually feeling a lot more bullish to be frank so yep um so now what's happening now so obviously people have taken some profits off both um dogecoin it is definitely one of the strong strongest performers of this year still and this will lead to more uh interest in crypto which is why i'm still feeling bullish right think about all those people who manage to get in doge early especially if you manage to get in doge before like at seven seven cents or whatnot you'll be laughing all your way to your bank right now right which is very likely what elon musk is doing but uh at this current point yeah so people who are you know on doge cannon on the doge train you know what are they looking at next which is one of the biggest questions people ask me right what are people looking at next well obviously the rest of what's happening in crypto now there's a probably probably be two branches so realistically there'll probably be two branches of people um and two philosophies so hopefully they go and look towards a greater decentralized finance ecosystem and find value in the space because we know that one of the biggest values in crypto is the is potential to disrupt what is happening in the financial world but of course there's other people who would be like oh let's double down on the memes right let's double down let's take on these memes let's just find tick tock influencers and buy shit coins i'm sure there's some other people like that too i mean if you look at the whole phenomena with cummies there's a coin called cummies it's like anyways i'm not going to talk too much about it here but it's i literally see that as people just doubling down on the doge and yeah yeah yeah it's like i'd watch some tick tock videos i'm like fml like just that's crypto why you like this why you like this but anyways um here here's here's about doge that's kind of my take on the market i definitely feel like we're still early and also even in terms of the all coin market right if you look at the all coin dominance charts right i can't even find that anymore where's my all coin bubble chart they changed it they changed it they changed my all coin bubble chart all right all coin season indexes so we're gonna add so we're we're very much in the strength um a very strong all coin bowl season and this is yet again um you know there was a little bit of fear for me um there was also a little bit of bearishness on friday but just seeing how this played out i still think like the all season can last quite some time at this coin point quite frankly uh especially with eve moving up and mooning i feel like the all the people who are looking at doge right especially the new people who were you know being pushed into doge they'll probably be looking at eve because eve is the strongest performer of this weekend right of the top coins that are accessible to most people eve is trump performing very strongly in fact we're above 4047 so yeah it seems like 4 000 it wasn't a very strong resistance points after all so anyways i feel like that's going to be quite interesting if we have an eve cycle and then maybe a binance smart chain cycle and then maybe we'll have a um solana narrative cycle maybe even okx chain cycle i don't know that'll be interesting that'll be interesting so anyways shitcoin we got um dave dave frank diamonds driving says shitcoin mania is running mild mild mild uh running wild yes i absolutely think so um so anyways um we got crypto grants at box money all coin bubble charts sir bubbles only pop once we got multiple this crypto bubbles there's crypto bubbles we got multiple it's a cycle man it's a cycle it's crazy uh smarts code wrestling says at box money will we have another d5 season i i absolutely think so like d5 is one of the strongest performers yet again i think like the what's going to power a d5 cycle we'll say is i'll point this out here i'm a little bit disappointed that the general public is not catching on to d5 all right i'll just i'll just leave that out there so right now in our cycle is like kind of the moon the the meme coin cycle right we have all the memes right now your safe moons your doge your your all these random coins that really can't disrupt anything they're getting a lot of attention i'm not hating i'm not hating i'm just saying that this is a fact um i'm a little bit disappointed that people aren't seeing the disruption that can be brought by d5 because with d5 right now right if you look at the solid facts right if you look at the solid facts i'll have the news bit i'll throw this news bit um here here as well so for example almost twice as much eef is locked in d5 as on exchanges this is not a fact right people are doing this sort of analysis and realize oh wow people are now locking up their ethereum in decentralized finance products because they are trusted and also they're deploying capital there now what's kind of interesting about decentralized finance is that if it's locked in d5 a lot of times say if it's locked on a lending platform now this eve can be used and redeployed almost like the bank would re redeploy that money right so now you see a huge change and huge disruption in this ecosystem so people believing both more in decentralized finance and decentralized finance having more function but this is not sexy right this is not sexy to people who are coming into crypto for the first time because they don't really understand what's happening but if you play around with crypto you'll be amazed i think this year like my mind was just blown at the amount of innovation here it's good and bad because this can drastically change how banking works right d5 is rapidly changing these main pillars of finance like lending platforms that's what a bank does it just takes your money and lends it out to other people but there's also insurance products that bank offers we have that in crypto like nexus mutual then we have exchanges just kind of mirroring nasdaq and everything else there so you can see the whole banking sector right drastically being replaced by the decentralized banking structure and recently we brought on people like say from uh who was that alliance block was actually really good alliance block you see these engineers that were building for traditional finance rashid was one of them and rashid basically he built for traditional finance and then now he's like coming to decentralized finance and be like oh this is which is way better and then now there's like kyc he's bringing kyc and allowing the big institutions to invest in d5 so to answer that question i know that was very long-winded to answer that question will there be a wave in d5 yes there will that's what i what i believe but um it might come a little bit later it might come not by the general public which i was hoping for but didn't happen but this will come later on maybe through institutional investors and if a certain group certain groups of fragments of the general public falls in love with d5 so that's kind of when i see that d5 wave happening so it could be quite soon because as with ethereum moving up the way it is um yeah uh it's gonna be fun it's only gonna be fun so anyways okay so we've got a lot of questions about different coins i'll try to answer them as much as possible um i always have a list of coins i want to look up and pursue but a lot of times it's just getting a little bit crazy so apologies if i don't cover your favorite coin i'll try to cover as much coverage of this space as possible and now this is a good time to start moving on to our news segment to see what is happening on the news side of everything so first and foremost sec is always coming in and saying some interesting or fun stuff by fun i mean extremely boring uh sec cheerily finally admits that bitcoin has a store of value okay and it classifies most tokens as security so what's interesting here all right what's interesting here is that against um he's saying that to the extent of something as a security the sec has a lot of authority and in and a lot of crypto tokens i won't call them cryptocurrencies at this moment are indeed security so he's he he he's uh hey he's not very joyful not very jolly but i think this is expected in a space a lot of um there's a lot of uncertainty with what is a currency and what is a security at this current moment and this will be one of the big problems that will play crypto not just for this year but for the coming decade to come i think this is this is the big issue it's it's where tech drastically outpaced what's happening in uh the traditional world if you think about it right laws take a long time to be implemented and the speed at which these at least with decentralized finance right these tokens can mean anything right which is a crazy part and there could be insane amount of um functionality added to tokens which just completely messes up the traditional thought landscape because now tokens can directly be attached to something like governance right we've seen that being very very popular this year where everything becomes a governance token right and then we have other functionality too we have deflationary tokens tokens that you know every time you send them though they'll lose three percent of the value and that gets distributed to the remaining token holders right you can program something like that snap your fingers it's done but what that means in a traditional sense is very very different so um yeah we're gonna have to see the craziest part about the sec and my understanding um you know yet again i'm not a u.s um securities lawyer but after listening to a lot of securities lawyers and my understanding of it is that there's nothing that classifies or there's no definitive test to test if something is not a security right so something like the how we test or test something well test to see if something is a security but failing that test does not prove it's not a security so this is the hard part and this is going to be for next this is going to be something that happens for the next decade this kind of struggle between what is you know what everything is classified as and what i can say see is that as the crypto markets heat up as more and more trade volume comes here there's going to be more and more regulation i mean that's almost a given at any point so um i think just expect that uncertainty that's that's unfortunately one of the biggest parts of what's happening here and yeah we'll have to see how that goes next up this is quite interesting on nft so suffabees is jumping straight into the nft bandwagon they definitely see the amount of profits they can generate you know the more profits they can generate the more they love this right so uh i think both christie's and suffabees are gonna have a fun time a small time this year but anyway suffabees is um auctioning the first nft ever minted uh admittedly it's quite ugly this is actually a um nft minted in 2014 but you know what hey history in crypto right if you if you're if you're into colored coins and you're og and you own crypto from back then which some people do right i've talked to some people who were in color coins and they were they were into you know these early early nfts they would pay plenty of good money for this so i guess you know um congrats to people who minted something so early and congrats to people who are buying this um you know i'm happy for you next up this is a fun game that um is coming up and releasing so this is mist so you guys probably asked a little bit about mist this is this is a project that was launched and the kickpad so um this is on uh so i'm kickpad they're a lot um this is a project mist and this is a gameplay footage video of that and this is how far we've actually come in crypto i think like initially before we have like these very simple jpegs but this is a video game that is built on mfts like basically using non-fungible tokens assets and it's an entire game and a lot has happened i mean when i first saw mists a lot of the animations were not complete they had like the the monsters couldn't walk and jump but now we can see that development is actually moving along very very quickly you've got animations set um being set up the main character animation is also set up obviously i think there were a few graphical glitches um um somewhere along the line but you can definitely see a huge amount of work has been done and you can see that in crypto right like right now what we're seeing is we're seeing the the first utility and use cases of this it's very early on but you can definitely see the quality of everything that's being produced is drastically improving along the way so anyways congrats to those guys there now what's up with everything else i will talk a little bit about negative news as well so first and foremost we have a few exploits that happened so one is with value that happened this weekend and the other one is with um what was it called again uh come on where's my news rari yes so i'll put i'll combine these together so first and foremost rari capital falls victim to an 11 million dollar exploit so yet again this is a great and horrible thing about defi so defi there's still a lot of bugs that it's not kinked out i think i had a comment once i think this was actually from richard hart promoting his um coin he's like oh why don't you get into hex hex been audited three times right and you talk about this d5 thing all the time and defi gets hacked all the time what are you doing you scammer box mining look defi is extremely extremely experimental but it's trying to achieve a lot right you're trying to rebuild the entire banking infrastructure and we're gonna have a few failures along the way quite a few if not everything while it's on his hand his token hex i'm gonna throw a little bit of shade there but it's literally a pyramid scheme you don't need you don't need many audits for a pyramid scheme people roughly understand how it works and how we can program a pyramid scheme but to reprogram an entire financial system you're gonna you're gonna have a lot of hiccups along the way right so anyways this is one of those times when we have hiccups um and so rari capital falls victim to 11 million dollar um um exploit and this actually involved involves not just rari but an integration as well so right now what we're seeing and a lot of times what's happening is that in inside a pro inside one of these projects the code might be fine but when they interact with someone else's code all right this is when the hackers can exploit weaknesses so this time it was when they're working with alpha so this is when rari capital um capital gets deployed into alpha pools something bad happens there right so this will be one of the biggest kind of i i guess this will be one of the biggest targets for programmers and for people who want to change the space and disrupt the space to find ways that they can work together we've seen something like this in the past where um yet again i think these both of these hacks relate to very similar ideas so rari was with the alpha labs um integration and d5 value was to do with how they how they target pools right so this is let me just um let me just see how it works so it's it's to do with how they they target their balances how they read balances and an incorrect bank or formula so yet again it's i think this will probably be the next big hurdle to tackle so this was a this this this this was a case where value had an issue um with incorrect formula when they're working with bank or all right so this is uh with bank or and the rari capital hack that um that happened happens with when they're integrating alpha lab all right so i feel like this is gonna be the biggest barrier to decentralized finance if you guys are following what's happening it's basically all these protocols working with each other and when they work with each other sometimes it's just super unclean all right sometimes i i'm a hacker can exploit either a formula that was kind of mistyped in or a misunderstanding of a formula or it was to do with certain parameters or maybe even buggy code but this will be a big big problem and it's very hard to audit like i think a lot of people ask you know if this has happening all the time you know why don't people audit more well first and foremost you know i talked to a lot of guys at hacken some of it could be prevented but a lot of times you need multiple pairs of eyes not just on the protocol but integration so yeah i feel like this is going to be a big programming challenge in the times ahead so anyways those are two hacks that happen it's i think it's unfortunate but at this point um i don't know i don't know i think um the sad part is i'm learning to just live with it it's like oh it's like another another defy issue anyways okay so onto some more positive news we got spacex they're gonna accept dogecoin so i guess i guess that's one way to spend your money huh if you if you're a rich dogecoin holder well you can spend your doge launching either yourself or satellites into spacex so if you want to launch a big dogecoin i think elon musk has got a solution for you i dare anyone though if you guys made a big profit on dogecoin i dare you to literally purchase not a satellite but maybe just like a stuffed doge and launch it because like people watch that spacex launch events right so imagine if they're just gonna like you know you did bring your package out there right that these spaceship carriers that bring their package out there to push out into space i dare you i challenge one of you guys to do it right credit me credit me when that happens right credit me when giving you the idea when that happens but i challenge you guys to pay for one of those satellite launches and launch a doge toy into space because we need that we need that we need that all right next up we got um okay so we got bitcoin is getting an upgrade taproot upgrade i love this so it the funny thing here right the funny thing here is that if you read this article this is on coin telegraphy if you read this article you will have no idea what taproot is it's essentially an upgrade um with the code infrastructure of bitcoin all right um i still have to even for me um i read this this morning i basically had no idea what it what it is but i'm going to complain about a few things here but anyways what is going to happen is it's going to happen when all these dots turn green all right so these are miners and they need to signal for this tap group upgrade and it's going to pave the way to two things one for more privacy but it's not immediately going to be privacy and then it's also going to pave the way for smart contracts potentially happening on bitcoin so this will be something that that might happen later on this year so what in order for this to happen all these little dots have to turn green so these thoughts represent miners and they all need to start signaling the upgrade so right now around 26 is signaling that and then we'll see what's going to happen is that once you pass 90 you know the whole network itself is going to start triggering the event and then we're going to see the upgrade happen so most people knowing miners and how to work uh it's going to take a while it's going to take a while it might take you know until the end of this year or it might be the next um next year two years for this happen but fingers crossed it's going to be fast now i do have to make a complaint though i was reading this article and why um it it took a long time to read is because if you read it all right what exactly is taproot here on this article i love cointelegraph i'll reveal a little bit of the their journalism tricks here so it's um it's used to enhance the overall stability of the network make transactions cheaper and easier to deploy but also eventually allow for deployment smart contracts so that's information right it also um proposes significant privacy promises i.e. makes transactions look the same to everyone except the transacting parties this is a potential camouflage the framework to cs though has been inspired by a scriptal security centric crypto offerings available to the market today thus potentially moving bitcoin closer to privacy focused coins at least from a design standpoint basically more privacy all right so that still makes sense but but this is the interesting part on the subject antony trench have co-founder and managing partner of the platform nexo has something to say for this right he says these major payments these major improvements are paid away for even bit wider bitcoin adoption and continue the price appreciation ho ho ho this tells me nothing thank you very much antony trechev let's see what joe edgerton chief operating officer of the cryptocurrency exchange bitflyer usa has to say first of all it reduces the transaction size which will lower transaction fees additionally can improve privacy which is exactly what the first two sentences of this paragraph of this paragraph said right so he didn't add anything of value and then we need to talk to more people right we need to talk to uh leo yaffee of software company geridia this is when this is why no one understands crypto all right because obviously i think what happened here was bitcoin telegraph started asking all their partners right maybe their partners at nexo because nexo is a sponsor they asked their sponsors at bitflyer so you know you guys want to have an opinion we'll put our opinion in our latest article and then we have some partners maybe at you know geridia you know you want to get famous come on this article right so they literally shoved i think yeah so we've got warrex exchange probably another partner of coin telegraph coming in so they're literally filling all their partners on what they have to say in a very simple article all right that that irked me immensely this morning i'm like how do how do you expect people to either gain value or understand crypto if you just shove all your sponsors into the same article i mean anyways that's me for this that's me that's me bitching at at coin telegraph i mean come on come on tune down your business practices tune down your business practices all right okay so what else is coming up this week oh yeah so we've got a shout out for mercurial finance it's launching ftx i think everyone is like crazy crazy crazy talking to me about that so even like everywhere i go in genesis block they're like super excited for our mercurial mercurial mercurial mercurial finance so that's happening on the 13th that's thursday of this week so if you guys are interested it's on ftx and it's on multiple platforms we also have the other project i'm looking at which is o3 swap this one's actually really interesting this one was actually interesting so this one what they're doing is they're doing cross-chain aggregation on multiple platforms so what o3 swap is doing is they're allowing they're like the next generation of exchanges right now we see these decentralized exchanges popping up on different platforms say for example there's uni swap that's happening on ethereum people use that great but the same exchange can also be like say if it's something simple like ethereum to usdc the same exchange can also happen on binance smart chain on pancake swap right they're different there are completely different platforms they're using different exchanges uh and the rates might be different right it's almost like comparing different prices for a product in different supermarkets i mean there's multiple super markets around you right some some of them might be super expensive maybe like trader joe's like trader joe's has apple chips it's super expensive maybe you can go to walmart and it's cheaper so that's what o3 swap does it basically finds where where the best exchange is on which platform is cross-chain and then executes that exchange for you so i definitely see something like this to become something super valuable because we definitely saw that at first you know if uni swap just popped up and just changed the game but now at this current point there's pancake swap and just bakery swap and then there's radium on solana there's uh just even more of that's being on ada and there's honey swap so all these exchanges are happening and basically it it just chooses the right chain for you to get the right price so anyways that seems to be something that is going to be critical in the future because we see more and more chains pop up dealing with these solutions is it optimal for everyone is the best user experience probably not to have multiple chains but because there's the because our community is fractured in a way and because people value different coins and different chains we're going to end up i think in the next two years with just major major amounts of liquidity on different types of chain and what oh three essentially does is it allows for the aggregation to happen it allows orders to be routed through multiple chains multiple exchanges to get the best rate and then come out at the end so anyways it's on multiple launch platforms if you if you're in one of these if you see one of these familiar logos then yeah uh anyways i'll i'll i'll uh it's kind of ridiculous so crazy the business development was just like getting on everything but it's on duck starter it's on mxc if it's on bounce pad it's on bsc pad so in joy we got bm atx ask refinable question mark so that's a good question refinable what's happening there so a lot has actually been happening for the last few weeks um a lot of which i cannot say which is unfortunate so i'm an advisor for refinable it's been very volatile it's been on a roller coaster ride for a long while it's basically if you want to know what it is it's essentially the it's trying to build the best marketplace on binance marching right so that's kind of the situation of where it's at right now so the app is launching all right um the test is here so everyone can test it out right now so you can join the beta you can be on the telegram to join that beta right now and what's going to happen is that there's going to be quite a lot of quite a lot of background work so i know nick's been busy trying to get partnerships on that i'm not privy to say a lot of the discussions are in place but it's been pretty crazy to say the very least so yeah so that's going to be what's happening on the refinable front the marketplace the nft marketplace is coming you can already see the preview up here on my screen so yeah and then it's going to be quite interesting to see what's going to happen on there so anyways guys so that's pretty much a wrap up for what i have for you guys today to talk about um i'm pretty excited i'm actually a lot more bullish so you know suck it up rob i'm a lot more bullish now uh especially after what happens and um yeah uh hope to have hope that you guys enjoy today's episode so we're close to wrap up time so i want to target all these streams to be under an hour uh just the hour works well for youtube's algo so i'll target for that so guys make sure you uh we got a question on theta and t fuel i don't really have any strong opinions i know you guys asked about theta and t fuel i don't really have too strong opinions on that to be honest i've used their platform i've seen it um yeah i don't really have any strong opinions either for or against it so yeah it's one of those things you know if you like streaming platforms enjoy um am i in it um i'm not too heavily in it to be honest but um you know i hope it works it's it's it's on a very different um trajectory than a lot of other stuff so like video content plus streaming plus um a platform supporting that the idea has been around for a while but it's never um it it made a few hiccups but you know t um t fuel might be the one that breaks through right so hopefully fingers crossed anyways guys um that's pretty much it on everything that's happening tomorrow there will also be a lucky draw for refinable i'll be going to their event so make sure you stay tuned on the refinable channel for that and yeah we'll have to see very soon what's happening so guys thank you guys so much for watching today's episode and we'll see you guys very very soon in the next one i like to take the time now to tell you a little bit about 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