USDC is Collapsing: DEPEG is happening

Here and then I should go live on our respective channels. So let me just make sure that we are live So you can check can you check if you're live? Just here Oh man, it's hot in here. Yeah Hey guys, I think it's I think it's live. All right. There you go. We are live guys. So welcome Are you live on your channel as well? Hey cadets Alright guys So yes, welcome back to the live stream. Oh, yeah, so I just said go live now click that button So we're going both going live on both our channels. So Welcome back guys to box mining and Kryptonauts I mean we haven't streamed in like five or six years on our channel. So but you know, we're all very good friends and This is actually a crazy time because we see pretty much The total collapse in the price of USDC dirty Phil has been filled There has been taunting me for the last few hours because I still do have some But right now it's at 80. This is like 0.888 Dollar cents right now. That's that's good luck. It's good luck. It's good luck. So we got we got that This is the support. Yeah, this is the support we're looking for right 88 cents on the dollar But that is that is insane guy. So if you just look at the price right here, you know We did a live stream earlier today It was sitting at 97 cents 98 cents a 2% discount And then just when China and Asia woke up the full fear and panic just hit the markets USD prices just started collapsing everywhere and we have different opinions of what we're doing like we each prior to this we we each spoke and we all had a different Strategy right on how to deal with the collapse of USDC So I thought since you guys were asking questions. That's just we'll go through every Um, and talk about what each of our strategies are and how this event is happening how it's unfolding I know it's a very interesting time to stream. I think America's asleep This is the the craziest time because right now since we're alive. It's around 3 49 here in Hong Kong Like 3 a.m. in New York. It's like a midnight in LA. Yeah, yeah, that's crazy So the Americans are sleeping so that so factual like the Americans are the ones who Causes the fur in the first place, but they're taking a nap right now a little bit of a nap Um, and then all the Chinese are freaking out All right, because they don't know what what what FDIC and all that crazy stuff is Yeah, you know, I understand America right America So yeah, we're gonna go around and talk talk. It's a very light very very chill live stream for us It's also very hot here because the air conditioning is off. It's actually a Saturday for us here The Sun is just like blazing through but that's why we have some good light for the camera We have natural light that's light We have the best light but it's it's literally like it's boiling here. I'm just like sweating like a pig um, so You know, it's waiting for the heat. Oh, yeah, I'm sorry for the USDC USDC all right, I'm gonna change the I'm gonna change this for a second um 7 p.m. in Australia America is losing sleep. Yeah true. I mean most of my friends are still awake. I Don't yeah, we were suspicious like if you guys are from America do tell us because I'm wondering if you guys are sleeping because this is like the biggest crisis Yeah, if you're in the States let us know and let us know which state Yeah, just so I can kind of know what? What's happening over there with the consensus is because a few friends they're saying like they're flying back We had a friend here in Hong Kong They're flying back to Canada and in the States and like he's like he said he was like majorly in USDC So most of us on the West we have almost all all USDC Because we believe that it's regulated. We thought that it was safe So everything we do we put in USDC which is actually not I mean who would have who would have known? This was meant to be regulated, right? Yeah, yeah, yeah Yeah, so was FTX. So this is a bad year for regulated entities. The more regulated is the worse it is apparently like We're discussing over lunch earlier. We're saying, you know, maybe we should like trust Texas. Oh, sorry Los Angeles, California. I'm just reading the comment. Nice nice nice, bro. Um Oh, yeah, yeah, yeah, so Midwest, Kansas? Kansas? I don't know. He's from Kansas, so Midwest Doxing? You're doxing everyone? Yeah, Minnesota TCA says you said you trust USDC more than USDT Well, it turns out none of these are good, but at least USDC is transparent as we thought right because USDT is shady AF Arkansas, what's up? But he's worn it. All right, stop talking But but but but but but but but I do feel like Being fully unregulated is also good because they can do a lot of games in the background You know they can wow for the numbers. So yes, sorry about that So you're saying a lot of people got Vegas, Nevada, Sacramento Vegas, Arkansas I've been a Little Rock actually we grew up on a Little Rock a lot Yeah, we got Kansas in the house. We got California, New York Vegas, Sacramento Oh, it looks like America's not sleeping Yeah, America's definitely awake America I told you I told you before Michigan Detroit? Yeah I took a lot of my records on here. It's a it's not a good day to sleep guys. It's not a good day to sleep Um Sir Vega, Sir Vega says I trusted USDC more than USDT Me too, man I think I Mostly USDC You have mostly USDC We had mostly USDC Well, I had like a closer of a split, but I think he was almost like All A lot of USDC Yeah, yeah for him because I mean, why do you believe in USDC? Why did you choose USDC over BUSD and USDT? Because I like blue more than green That's That's Alright, just trolling now Oh my god USDC is good though I mean, I thought I We thought that it was like somewhat regulated, right? Right It was the coin Right The coin-based stable coin So we thought at least it was backed by some type of integrity Um But uh Yeah Oh No We'll see We'll see We'll see Hopefully I mean Because my thoughts are like What if Or just being like devil's advocate, right? Like let's say the banks open up on Monday It's like it's Friday in the States So we still have two whole days And then if They see that like USDC is like de-pegged all the way down Would they even try to save it? Like FTX? Or would they kind of be like Oh, this is This is crypto It's bad This is why we need a CBDC for the United States And they're going to, you know, push away from it Maybe this is what they want Yeah And so that's kind of why I'm a little Like You know I don't We don't know But just like playing the devil's advocate on this side Because they already said Ethereum is a security You know They're already going for everyone in blockchain and Web3 It's crazy, man This is a crazy time All right So We have Smartskill Smartskill Wrestling Says I was all in USDC And luckily sold it at 0.99 today So that's an okay price That's an okay price to sell it at Yeah, 99 is good I got out 98 98, 97 And he got out 94, 95 Yeah So So I have a portion I have a portion I still have some USDC So I haven't got out yet I just thought it wasn't necessary to panic yet I was like, you know what I don't want to lose I don't want to get like a 10% haircut here And then when USDT fuds I don't want to get another 10% haircut going and freaking out Right So I'm doing a genius thing of Still hodling a little bit But it's interesting, right Because some things have changed since this morning So I was talking about this morning, right You know There's definitely a lot of fear in the market Because we do know Like let's get the facts straight here Or what we know so far So they have declared That they have 20% So if you look at the Circle's tweet I just want to read between the lines with you guys here It's kind of interesting It's a very well-crafted tweet that they have To try to fight the FUD So let's go search out Circle Oh man Oh, Headstronger said he sold all his USDC last suite Smart Nice, smart But the thing is Where do you go? Right Where do you go? Where do you go? Yeah, I mean You can go to USDT I mean, I would just go Bitcoin I'm I'm Yeah So So this is four hours ago So following the confirmation Of End of today Oh, this is a new tweet actually Following the confirmation At the end of the day That the wire is initiated on Thursday To remove balances Where yet in a process 3.3 billion Of the 400 billion Of USDC reserves Remain in Silicon Valley Bank So 3.3 divided by 3.3 out of 40 So that is That's like 8% That's not bad It's not bad Vlad says Hold not the ultimate genius Genius converting USDT So they're trying to fight the FUD, right? Because the tweet we read this morning Was that they were saying That they're managing Around 25 portion Of the USDC reverbs Helping cash In the SVB bank And this was the line That I was saying Was really interesting While we await To clarify While we await Clarity on how The FDIC receivership Of SVB Will impact The depositors circle And USDC Will continue to operate normally I think that was like The shadiest tweet Because if you read the lines Steady lads It's like No, no But it's saying Assets are fine So long While we're waiting For clarity So if there's more clarity On this Assets may not be fine Right Oh, right Right? It's a contingent phrase It's like If things go well It's well It's the most meaningless Tweet in the world Right? I was like Reading between the lines here I'm like wow It gives some confidence But it's doing the opposite It's doing It's like It's so well drafted By their lawyers I think like They have a pool of lawyers Like how can we Write the most meaningless thing Here? Yeah But still making a statement Still making a statement But Warband Gamer says They're already talking about A bailout in the US Yeah But the House and Senate Is split So it's not going to happen Because I mean They can't really agree This is the Black Swan event Yeah This is really the Black Swan event It's finally moved over To the traditional side Right? Because FTX was still Kind of crypto Yes And now finally It's like Oh banks There's a bank run In America I think this was the best Meme of the day 92% bald 92% back I mean That is what it is Why are you looking at guns? Oh 38? Yeah There's a 38 special right there So yeah So we were witnessing The dump the whole day today And I think Elon Musk Had the best Meme tweet of the day He was like Crypto was a scam Keep your money in banks Banks are a scam Keep your money in crypto What did you do guys? So I think for this video Let's go through What we guys We all did Right? So I mean We all had a little bit of exposure You know Full disclosure We all had a little bit of exposure To USDC Let's go with Nate What did you do This morning? How did you deal With this crisis? Alright So I got I got hit by Luna And so I moved All my Luna at UST To FTX And I got hit by FTX And then I moved I moved like 90% Out of FTX And I moved it To a non-custodial wallet In USDC Right Right Right Because you're freaking You're like Let me choose the best here Yes Yes Yes USDC clearly Too big to fail Right? And that's the third time And then I woke up this morning And then you messaged me He messaged me I'm like oh man So then like I'm in Exodus And they take like Super big fees Because they're non-custodial And it was like I think like It was like Maybe like a 3 to 5% fee Because you don't have FTX anymore Yeah I don't have FTX either And so So I just I just sold it I sold it all I sold it like In tranches I just ate I just Yeah I sold it to Bitcoin And then The last The last 40% I sold it to USDT And I I took a hit But I mean At least I'm out Yeah Right You're out You're out So you can sleep at night Yeah Definitely I think that That matters a lot Right Alright What did you do Phil? Well being more Of a risk averse person Didn't really get Too affected by Luna and UST Didn't really get Too affected by FTX And then once I saw All this FUD And this D-pegging happening I just Immediate exit Like fast Yeah Yeah I'm trying to run all the gas If you just I got it Got it So yeah I do still have A little bit of exposure For me So Like He was like Taunting me the whole day Because I still have USTC exposure And I'm like I am not taking that 10% haircut Because I've survived It's 13% now Whoa Dude it's my lucky number My lucky number is gone I like 13 My lucky number is gone So So So I think like We're at pretty much The max fear right now And I feel like It's just unnecessary If I move here My biggest fear is UST Right Because Right now UST doesn't have FUD But The moment Someone causes A huge article So I think The mind game here Is to think about Who will make money From this Right Who will make money From this So what we saw When Tether fell Last time When Tether Had a 10% discount What was happening Was that people Who were close To Tether The OTC desks That were close To them They were able To get Real US dollar Wires out So they changed One USDT For one US dollar I remember that Yeah they were paying Out one to one Yeah but the problem Is that they're buying It from the market At 90 cents Yes Right So they're making 10% Like every day They're withdrawing So I can probably see That once Monday Kicks in So when When Circle Can redeem So I think People are being Like crazy So I see That's gonna happen On Monday So I'm probably Waiting for that As an opportunity To exit Oh Yeah So that will be My exit window So right now I just feel like The fear is just Way too great Because all the Chinese Are here right The Chinese are freaking out They'll probably be like Yo Like Time out You know They'll be like Time out This is what What What What What What What What What What What What What What What What What What What What What A What What I don't have a tweet. Let me see if I have a tweet. But there's max pound. This one, this one, this one, this one today. Yes, yes, yes. This was bad. This was like... I watched it. How's that possible? Is it because he's dropping... Is he dumping... He dumped it in the wrong pool! Okay, yeah, so he's doing three curve. Okay, so this is a story. Yeah, maybe walk us through this. Let's walk through it. So, with USDC Insolvency Fierce Rampant, this is from Bowtide Pickle. So guys, you're going to want to follow this guy. Users are fleeing to safety in other stables. Not all of them are going to make it in one piece, however. Here's one unlucky user paid $2 million to receive 0.5 USDT. So, I think he dumped it in the wrong pool. So you went to the wrong pool because this pool has no liquidity, right? So if this pool is tiny and there's no USDT on the other side, he's just going to jam all his USDC into it. And then another bot, another friendly bot equalled out the pool. And they basically managed to get $2 million for like 5 cents. Oh man. That's... You got their own shot though? That hurts though. Nah, that really hurts. Okay, here's the story. The unfortunate soul used hybrid swap aggregation router to dump the large clip off three curve LP. This is already a questionable decision since you could just withdraw the LP into USDT for 6% slippage. But he got desperate. So... Oh, it was this LP that he dumped. So he dumped the LP. Ah... You know, because there's nothing left. There's nothing in the pool. Oh, they drained the USDT. Oh, they drained the USDC pool. Oh, they drained the USDC pool. Oh... Yeah, because people were talking about that. They're like, yo, I remember reading a chat in Telegram. They're like, oh, they're draining the USDC pool in curve right now. And then I guess... Yeah. This guy... In his haste to swap, he neglected to set his slippage correctly. Ouch. Or like at all, so he hit send. The next actor in our story, pairing three curve with USDC. So he dumped... So I think he made the mistake. He didn't withdraw from the pool. So if he withdrew from the pool, he would have taken a 6% loss, which is fine. Right. 6% haircut. Right now, that's still better than the 12% haircut we see right now. I think it's 13. So if he clicked this button, it would have been fine. Right. If he was rational, he would have been fine. Right, right. But he dumped it into another pool of three curve to USDC. So he sold his LP tokens. To USDC, which had $2 in liquidity. Oh God. Ouch man. He sold it into the wrong pool. Oh God. This is like full panic mode, right? Like people are not using their brains, right? To do this. So that's absolutely savage. So man, like that's $2 million gone. Man. That's like two boats. Or I don't know. Yeah, that's not good. Yeah. Yeah. That's not good. That's two boats, you said? Or maybe two flats. Maybe one flat here. Or maybe one flat here. Half a flat. Half a flat here. Half a flat here. Half a square feet. Half a flat here. Half a flat here. But that is savage, man. So guys, guys, like right now, like I was saying this morning, like have your brains, right? Have your brains on. Turn your brains on for the situation. Right? We all had different strategies. You heard three different strategies of how we're doing with this USDC collapse. For me, I'm waiting, but it doesn't work for everyone, right? For me, I can take that loss. If I lose that portion of my stables, I'm still fine. All right? But. It just doesn't feel good. It doesn't feel good. I can take the hit too. I can take the hit. It just doesn't feel good. If you have a choice, why would you? True. True. I mean, you're being a little douche, man. You're being a little douche. All right. It's fine. It's fine. All right. Cool. So, um, all right, let's go for Q&A, dude. Um, but, guys, so what's happening here is I did a live stream earlier. I just, um, I'll talk about a little bit about everything that's happening. So we're testing out a dual stream. So this is the first time, I think, in a long time, that I stream twice at once. So we're doing one on box mining. We're also doing one on crypto knots. Yeah. I wouldn't go over there. Have some confidence, Nate. I mean, we don't stream. Like, we... Right, right, right. You're not streamers. You got five guys there. You got five people. Oh, let's go. That's my favorite restaurant. Yeah. Get some burgers and fries. James Lau says, Luna FTX USDC, you passed the Macy D interview. Dude, the craziest part, right? Okay, so, you know, you've been affected by Luna FTX USDC. But remember, guys, remember, remember Nate, remember Nate. You still beat Sam Beckman-Fried, right? You still beat Three Errors Capital. Let's go. Right? You're still the winner. Winner, winner, chicken dinner. Right? You're not the one in jail. Right? You can go and visit SPF. If SPF can't visit you. True. I ain't never going back. Yeah. All right, guys. All right. So check out the CryptoNauts channel. So I'm trying different things. I try to encourage Nate to do live streams. So, guys, show him some love. Show him a little bit of love on his channel. Go subscribe to his channel, too. We're restarting. Are you restarting your channel, bro? Yeah. Yeah. So we still do production, but your content is blowing up right now. We have 300 people. We should keep streaming. We should keep streaming on your channel. Yeah. So we should do some questions or something. Or... SPF is still bronze and Lee. Ouch. OZ glitch IPS. Got him. I watched him play. He wasn't that good. But... But hey, hey, hey, hey, hey, hey. He's like quant trading. Oh, snap. Oh, snap. Oh, snap. Oh, snap. I had a friend story. So we have a friend in New York. He does trading as well. And they used to trade with FTX and Alameda. And then for some reason, they kept getting beat out. And then Alameda ghosted them. And they were like, oh, why? Did they figure out some sort of way to do it? Like, why? Did they figure out some sort of way to do it? Like, why? I mean, I'm not going to be a good guy. I'm not going to be a good guy. I'm going to be a good guy. I'm going to be a good guy. But then Alameda ghosted them. And they were like, oh, why? Did they figure out some sort of way to do it? Like, better than us? And then they realized that, oh, we can't beat fraud. So... I was like, dang. Nah. 8-13%. 8-13%. It's pretty good. Oh, God. Oh, God, guys. We also have Brian Curren says, only 45 likes. Guys, bros, bro, bro, bro. Guys, guys, guys, guys. Hit those likes. Alright, that's the least you can do. Got you. 56. Alright, we got this. We got this. We're providing good intel. We're having a chill stream. Oh, um, Aristides says, even DAI is affected. Yes, yes. Someone sent me a message earlier on Telegram. They said that DAI is 95 cents. Yeah. 88. 88. Whoa, they dumped that much? 89, 89, yeah. Wow. Because they took USDC. Right? That's the problem. Right, right, right. This is the domino effect, right? Yeah. Yeah, because like, what's it backed by? It DAI is backed by Ether and USDC. So, that's a bigger problem. Ouch. Oh, man. It's painful. It's painful. It's painful. But, let's remind us here. So, why is this so much fear? It's a tax dollar. Why are people not, why are people freaking out? It's because Silicon Valley Bank has $173 billion in customer deposits. So, yeah, USDC is one of the guys affected, right? But, there's also another $173 billion out there, guys. FTX are rookie numbers. Yeah. FTX is rookie numbers. This is like huge. So, it's going to be interesting to see how the Americans react. So, this is like hour by hour news. So, everyone is asking like, why are you streaming so much? It's like, this is like… We have to get the updates. We have to figure out like what's happening. And plus like, well, the banks are closed for the weekend. Yeah. It's Friday. Over there. It's just bleeding all day. Huh? It's going to be bleeding all day. See? Ah. Where's my domino thing again? Yeah, you should find the… That meme is pretty good. Yeah. My God. I think Garlam had a pretty good tweet, too. Oh, yeah. What's the Garlam tweet? Garlam 2 was like, sell me all your USDC at $0.91 and go fuck up. Didn't Do Kwan say that? No, no. It was SPF. Sell me all your Solana at $3. Oh, yeah, yeah, yeah, yeah. SPF. Man, this world has gone crazy. I was bringing up Matty's tweet just now. Matty Graham. He says, because everything is dumb. Absolutely dumbest timeline. I'm going to the gym. Because I've taken all prerequisite measures. So, I'm just sitting here looking at things thinking that's dumb. That's also dumb. Everything is dumb. I mean, in theory, gold is dumb. I mean, I'm not going to the gym. I'm not going to the gym. I'm not going to the gym. I'm not going to the gym. I'm not going to the gym. I'm not going to the gym. I'm not going to the gym. But it's also dumb. Everything is dumb. I mean, in theory, gold long USDC slash UTTC for my personal account. But I'd rather not do that because everything is dumb. Dang. So, I think this is how I'm... This perfectly sums up how my reaction is right now. Alright? I'm like, dude, I know exactly this is a China fear right now. There's a Max China fear. I know it's a rational fear. Bitcoin. But at the same time, everything is dumb. So there's no reason, there's no logic in the world anymore. All right. So I'm not going to play here. I'm definitely not going to play here. Oh, man, this is nuts. So there's a Black Swan event. Precious metals. Yeah, gold. Gold could be good. Dude, gold. Dude, you know what? You hold this, I'll bring out some gold for you guys. He's really going to go get his gold. All right. Well, how are you guys doing? I guess I'll run it. Let's CBDC is coming. Ah, man. That's not. Yeah, Bitcoin is probably the only thing I would say that I'm really holding. That. Maybe we can buy some gold. But I feel like USDC is not doing good. We still have another two days of dump because the banks aren't going to open. And apparently they might not bail anyone out. So plus, USDT is mooning, LFG. Bitcoin at 12K. We're in Hong Kong. So it's the weekend. So it's like we're at the office, but there's nobody here. It's like super hot. But yeah, I mean, I think Bitcoin might run or eventually because they're going to print. I mean, they've been printing. So inflation is so bad. It used to be... I mean, back in my day, an accord was what? 20K? Like say 18? It's like it's 43K now in the States. So increase the screen size. Well, as far goes, how do you have a redeemer circle? Guys, can you bring gold across the airport? You can't bring gold, but you can wear a Rolex. Yeah. Yeah. And just keep the box separate. So if you're going to bring a Rolex cross, wear the Rolex and put the box in. Put the box in. Have somebody else bring the box. And then you can put the two together and perhaps, you know, sell it. But Rolexes are very liquid. So that's what I'm learning from this guy. Oh, dude, he really has a... Oh, dang. This is heavy. It's heavier than you think. It's like heavier than you think. It's a client's gold. Okay. It's heavy. Yeah. So physical gold, guys. Physical gold and Bitcoin. Number... This is the number two option. Number one option is Bitcoin, obviously. But... Yeah. Yeah. No, this is... This is what also what I would... I think it's fake, dude. How much does a kilo go for? One kilo of gold. Is it one kilo versus one Bitcoin or is it... 55,000. Do you want to change your thing? No, I think it went up. Let's see. How many Bitcoin to one kilo, I guess. So it's... Oh, it's 60K. So it's three... It's... So three Bitcoins. So this is... This is three Bitcoins. Is gold going up right now? Because I... Let me check the price of gold coins. That's heavy. 61K. Dude, it's going up, man. Gold is going up. Yeah. Oh, dang. It's going up. But it's not that much. Well, we'll see. Let's see. It's up 1%. I think I got a kilo right here. Much more liquid than a Rolex. And it doesn't... It don't scratch. Does it put a hole in your pocket? Ah... Ah... That's crazy, man. Pax Gold is crypto gold. The problem is I don't want crypto gold, bro. Like... What's crypto gold? You mean Bitcoin? It's like Pax Gold. So it's held by Pax. Oh, no. No. No. Real gold is gold, man. How many kilograms of gold can you fit in your prison pocket? Zero. The problem is how do you bring it in? You can't. Yeah. I mean, when I went, they... Sell it for Bitcoin. Yeah, no. When I went, they sprayed you down. Like, so when you get to the pen, they take a hose and they spray you down. You get butt naked and you spread them and they spray you. And then they check under your, like, nutsack for razor blades. It's a very weird... Scary, man. Yeah. All right. We're keeping this PG. Oh, right. Uh... Yeah. That's what I've heard, at least. So, so it's a FUD Farm. So, what are your thoughts on people running to Bitcoin during this whole stablecoin disaster? So... I think it's great. I think it's great. I definitely see it happening. But the problem is, it's like, this disaster is... It's like, almost like the global financial crisis. Right. Everyone's gonna exit. Everyone's exiting. Everyone's freaking out. The amount of fear on the market right now is like... Max. Max fear. Right. So, it's actually... It's probably not the best entry position yet because I don't see Bitcoin falling. I feel like Bitcoin is falling off. I don't want to be negative here. Right. I don't want to be negative, but I'm being real. Right. I feel like people... Like I said this morning, people who are gonna flee the banks, they're probably... Probably the smart thing to do is spread out your assets over multiple banks. Um... And then enter back in when the time is right. Right. That could be possible. Because I don't see Bitcoin... Okay. I'm a Kool-Aid drinker for Bitcoin. But I don't see Bitcoin fully replacing fiat currencies in a decade or so. Right. It's still gonna be multi-phase. Right. We know that we're getting closer, but we're gonna still have to stress test everything. So, it's not gonna be perfect there. So, I know some Maxis will be like, tomorrow Bitcoin's gonna replace fiat. I... You know, for me, I'm not... I'm like, you know... Oh, but in El Salvador... El Salvador... Everything is... Let's go there next. It's BTS... It's BTC slash USD. Everything. Oh, nice. Yeah. So, we should go check it out. We can meet the president too. From our boy, Sonny. He's going there. He got invited by the president of El Salvador. Oh, shit. So, we can go. We should go. Oh, shit. We should. Yeah. Everything is BTC slash USD. Or the other way around. Well, the moment you go there, they're gonna probably just like kidnap you. I don't know. I don't know. Correct. Better put some crypto in my prison pocket. We're going back to 19k. Which one? Bitcoin. Yeah, nice. Yeah, we're up... We're almost like 20k right now for Bitcoin. It's not bad. Yeah, Bitcoin's safe. Holding strong. We're holding strong. So, this goes to show where... You know, like this is the situation where Bitcoin has died so many times. Yeah. But it's such a... Like... I'm surprised not enough people are saying this. You know, Bitcoin is the real store of value here, right? Yeah. I think that message is getting lost on Twitter. You know, like... I mean, Elon alluded to it. You know, do you trust the banks? Do you trust Bitcoin? I mean, I trust Bitcoin. It's math. Yeah. Backed by math. It's backed by math, so... But this is... This whole thing is just nuts. Wild. So, let's take a look at a few more tweets. Let's take a look at what's happening. I think the other question, the big question that came on today is like, how did this happen, right? So, I think there was a very, very good tweet on this. Big explainer by... This is what... This is by Jason Quint. So, yet again, I feel like Twitter is now my number one source for information now. So... And it's so good because it comes so fast, right? You want to know anything? You got this. Yeah, dude. So, let's see... It's from WooBlockchain or which one was there? There was one... There was one here. All right. This one, James. Jamie Quint. Jamie Quint. Jamie Quint. Oh, yeah. I read this. You read this too, right? Okay. Let's turn on what's going on with Silicon Valley Bank. So, in 2021, SVB saw a mass influx in deposits, which jumped from $61 billion at the end of 2019 to $189 billion at the end of 2021. That's actually quite insane. That means it's a three-fold growth, right? Yeah, because I guess that was the bull run. Right? DeFi summer. But it's also traditional markets too. Tech boom. Like there's COVID, right? Yeah. Yeah. So, Clubhouse. Yeah. All the office software, all the apps. Yeah. So, as deposits grew, Silicon Valley Bank could not grow their loan book fast enough to generate the yield they wanted to see on this capital. So, this is where they got greedy, right? They're like, oh, we have this money, right? We have $189 billion. We need to deploy. We need to make more money, all right? As a result, they purchased a large amount, over $80 billion in mortgage-backed securities, MBS, with these deposits for their hold to maturity. Portfolio. So, 97% of these MBS were 10 plus year duration with the weighted average of 1.56% yield, right? That yield is tiny. Look at the current interest rates now, right? This is tiny. So, the issue is that as the Fed raised interest rates in 2022 and continue to do so through 2023, the value of SBB's MBS plummeted. This is because investors can now purchase long-duration risk-free bonds from the Fed at 2.5x the higher yield. So, they were aping, right? So, I feel like this is a situation where they were really just like, they were going too hardcore. They're going way too hardcore. Yeah, they just aped. They just YOLO'd with clients' money, right? This is when they YOLO'd with clients' money. But they're a bank. Yeah, a bank. But that's the thing, I was saying this morning, like, all the banks YOLO, right? They're way more YOLO than we are because, like, it's not their money, right? If it's my money, if it's your money, we will actually care about it, right? But if it's the bank's money, huh? They're like, this is some old guy or whatever, right? FDIC insured. It's FDIC insured, baby. So, this is not a liquidity issue as long as SBB maintains their deposits since these securities will pay up more than their costs eventually. However, yesterday afternoon, SBB announced that they sold $21 billion of their available for sale securities at a $1.8 billion loss. So, fire sale! And they're raising another $2.25 billion in equity and debt. This came as a surprise to investors who were under the impression that SBB had enough liquidity to avoid selling their AFS portfolio. So, it was a bank run. Yeah, it was a bank run. And it's not just, even vacation time here says it's not isolated to just SBB. There's actually a lot of banks that are affected. And I think most banks, there's a lot of banks that are also, they're getting hit too. They're just not saying anything. Yes. I really think so. And I really think like, this is because the Feds were increasing interest rates. Yeah. Right? Because like, if that continues, right? Because that seems to be the current trajectory of everything. That means, yeah, it's very likely that this could be affecting other banks too. I mean, we saw the, I couldn't find the meme, but it was like that Green Reaper, like the Reaper going into every door. And like, you know, there's more and more doors to go. Right. What's next? Yeah. They're just going to kill everything. So, this is actually quite scary. And the impact on the Silicon Valley space is going to be insane. Because, and again, if you look at the client list here, right? Um, Silicon Valley bank was holding $173 billion in assets. Yeah. You know, like, like these are all Silicon Valley, Valley companies. Right. Right. So, and VC funds. So, man, this is, this is a scary time, right? Like we're looking at this in the confines of USDC, but. I mean, yeah, there's more. There's more to come. There's more to come here. Aardvark says, is this one of those YouTube channels that hates Cardano? It's a serious question I asked above. It's fine. It's okay. I don't hate Cardano. Cardano hates me. Why does Cardano hate you? I hate you, Aardvark. No, it's, it was just like joke, dude. Like I was going to get Charles Hoskinson on this channel. And then I shared one tweet of some people, Chinese people shilling Cardano. And that's a real tweet. And he got really salty after. He's like canceled everything. He canceled all of my interviews and everything. Oh, really? I was like, huh? Like free, free speech, motherfucker. You can say whatever you want. Exactly. Exactly. But anyways, I'll contact him again. I'm sure. Yeah. I've met him too. In Toronto. He's funny. Really? Yeah. Yeah. I think he's 34 or 35. Interesting. Man. Like, it's so scary. Cause like, what do you go to? Like what stablecoin do you go to Paxos? Oh, this is so, such as crazy. You go to gold, man. You go to gold. Go to gold, buy bullets, buy guns, buy get a farm, grow your own food. Oh, Hey, look. Oh, the game posted this. Joseph Shanti is the chief administrative officer at the SDS. Lehman Brothers. He served at the CSO for the Lehman Brothers. Oh, no. Great. Financial system, guys. What's it at? What's it at? What's it at? What's it at? What's USDC at? They're experiencing the biggest bank. Oh, it's going back up. It's going back up. 89. Hmm. There's no logic today. There's no logic today. There's no logic today. There's no logic today. Die. He said, look at die. Die is probably the same. If I had to guess. Man, die is... 88. Yeah. What's LUSD? Luna? No. Let's look. Maybe now's the time to look at more stablecoins. Liquidity. Liquidity USD. What is that? Oh, it's also 97 cents though. BTC, the true stable coin. Let's go. True store of value. It's a way out. It's a way out for people. It's finally... I'm glad it's happening in our lifetime. Yeah. You know? So, it's good. Yeah. I think there's a way out for people. It's a way out for people. It's finally... I'm glad it's happening in our lifetime. Yeah. You know? So, it's good. Yeah. It's good. That's good. It's good. Yeah. I think there's still a lot of uncertainty. WooBlockchain now should post something interesting. So, banks open on Monday to cash flow. So, it might be the case that we'll have... The next big event is what's going to happen Monday when the banks open. So, I think a lot of... It's kind of interesting because like a lot of Americans seem to be waking up right now. It's kind of hilarious. Like everyone's just freaking out because they just like... Like they wake up and they just look at these... This 88 cents and they're just like... Holy crap. Yeah. Or it's Friday night. They're coming out of the club and they're drunk and they're looking at their portfolio and they're like, oh shit. And then they're like, oh yeah. I mean that's... I don't know. That's... It's quite crazy. Very possible, yeah. Or you just come out of a dinner party or wherever you live or just hang out. Yeah guys, tell me how you guys are feeling. Yeah, how are you guys feeling? How's everyone doing? And then our local Diablo says, everyone forgot why they are here. Yeah. The problem is the maxi side of us. Like the Bitcoin maxi side. At least my Bitcoin maxi side. That's been stored away. It's in such deep hypernation it doesn't even come out now. That that alter ego of mine, you know, like guns and Bitcoin, that's not even activated anymore. You know? No really? I'm always about guns and Bitcoin. But yeah. I don't know. So, um, Martin, Martin Herowiger fan said, Martin Van Herowiger. He says, what is happening with Di? Di is the same thing basically. Di is dying. Di is dying. Di is dying. Di took USDC as collateral, right? So, um, it's crazy. I can't go to sleep because of this. It's hard, man. It's hard to sleep. I mean. I think it's a trauma from last year too. Yeah. I mean, it's just been one thing after the other, right? Yeah. Like it's... And like, there's no rationality anymore. Because like, I think, you know, UST fine. I think UST collapsed, I think it was possible. Um, but, um, FTX was to me a complete surprise. Right. And then this was also a complete surprise. Yeah. So far. Like, I thought it couldn't... I'm like, FTX, that's it. That's the last thing, right? Yeah. There's no way that it could possibly... Yeah. I mean, that's a... I thought that was the biggest domino. The straw that broke the camel's back. Yeah. Yeah. And I thought we were in the recovery phase, but like, you know, now another domino falls. Right. It's like... Silvergate and then now it's... Yeah. I don't know. Are any of you guys... Question. Are any of you guys leverage shorting USDC? Because my friend asked me if I was doing that. I was like, oh, you could do that. But I guess you could perp anything. So... Let us know if you guys are trading as well. But that's so dangerous, bro. I saw people doing like, giga-longing tether. Like bear market things. That's pretty good. That's pretty good. Oh... This is the time... Yeah. I can't imagine the SEC would not love for the USDC to fail so that they could take the future market share with CBDCs. That's exactly what I was thinking. Yeah. I agree. I agree. That's like what I was thinking they were doing. Because they just said the theorem of security, right? They're going after it already. They're like... But we just had that talk yesterday, right? Like the SEC has come out and said, Ethereum is not a security. Oh, wait. Ethereum is a security. Actually, guys. It's not. Is it a security? Is it a security? Like, motherfucker. You guys are the SEC. You should fucking know, right? Like... Just buy gold. Like... Huh? So, I think it's a situation where... Like I was posting yesterday. Like they're probably flipping a dice. They're probably on their side just like fucking with the market, right? They're just like saying whatever they want for their own gain. Um... This is this world... What crypto has taught me is that this world is totally bananas. So... This stream is a security. Cryptogram. This stream is a security. Yeah. Regulate this, motherfucker. Okay. Can I swear here? I keep wondering if like... YouTube allows me to swear. You can swear, I think. I'm just being very... Just get demotized. Yeah. It's okay. I don't care. It's okay. You can keep the money. I got the gold. I got the gold. Um... Yeah. But... You know. Yeah, man. It's hard times. I think... Just hang in there and... Do what you want to do, I guess. Because I don't want to tell anyone to like... Get up. Because I mean... We just have our own way of dealing with things, right? So... Yeah. John Ryan says, I just 50X long USDC. Dude, I'm so tempted. My DJ inside, I'm so tempted. I might just open a 50X long. Just do it? What are you guys longing on? I don't have FTX anymore. Binance? Binance? Does Binance have any... I think the Bybit guys are doing it. The Bybit guys are doing it. Bybit? Bybit guys are doing it. Yeah. Bybit has everything. Bitcoin pumping. Not really, but a little bit. Uh... 89. It's not... Horrible. Yeah, I think the Bybit guys are doing it. I'm so tempted. I'm so tempted just for a 1K. You're just gonna long it? 50X long it, yeah. I mean, it's likely gonna fail, but hey man. You're just trying to... Trying to gamble. I mean... YOLO, right? I don't know. Sorry guys. Not trying to encourage gambling here. Not trying to encourage gambling here. Please. Please. Uh... Uh... Brian Curran says, long on Aave. Bybit. Bybit. I think we have a Bybit referral code. Let's show that. So if you guys are interested in trading, right? Not that I... Um... You know... It's a professional tool. Alright? It's a professional... Hey, hey, yo! Sorry, sorry, sorry. Yo! Yo, bro! Bro! It's a professional tool. Alright? We're professionally logging 50X USDC LFG. No, sorry guys. Sorry guys. So if you guys are interested, I do have a Bybit referral code down below. Um... I don't know. Is it Bybit.com slash box money? I have no clue. Okay. Sorry, sorry. I mean... Do you have yours? I can show yours too. I don't have one. I don't have one. I'll show you mine if you show me yours. Sure. We don't do affiliates either. Okay, great. Um... On that note guys, guys, guys, check out Captain Crypto's channel, Crypto Knots. Um... They produce really good content. High quality content. Do you want to pitch your channel right now? Yes. Let's pick up, you know, your angle, what you're trying to do, what videos are good, what they should watch. Yeah, so we have an Animoca video coming out. Um... We're trying to do something a little bit different where we go to industry leaders and we interview them. So, for example, Yatsu, um... Really great guy. I talked to him. Asked him how Animoca became what it was. How it became from zero to $5.4 billion. And then what's next for them. And then also, um... We interviewed their team. They got a new brand new board of, like, members. And then they just did the Mochaverse and stuff like that. And so he has a very good outlook. I call him Yoda. Because I feel like he has a very good way of doing... Of viewing it. And then we also went to CoinGecko to talk to Bob. Wait, wait, wait, wait, wait, wait, wait. What... Okay, can you give us a quick insight of what Yoda's saying? Yeah. Yeah, so he... Yoda's you. Yeah, so he said that they... Not only are they developing their in-house games, they also have 380 investments. And their investment philosophy is that they believe in founders. They believe in founders that believe in things bigger than themselves. Mm-hmm. So I feel like that is quite strong because, like, when you start a project, you... If you're just in it for yourself and you're not really building, like, you... You're not gonna make it, is what he's saying. So that's one. And then also, he believes in digital ownership of assets. So, for example, in gaming, instead of the centralized systems, one day you'll be able to kind of own a piece of it. Even politically, like, you could kind of... Because democracy isn't really, like, arguable, right? But he's saying that in the new digital future, you could use digital assets as a political governance vote. Like, a fair voting system. So I thought that was very interesting. Interesting. Yeah, yeah, yeah, yeah. We love that video. Also, you dressed as a gecko in Quentin Gecko. Yeah, yeah, intern there. So we slept there for 48 hours. You slept there? Really? Yeah, we just stayed. I was like, let me stay as long as possible at the office so I can see what you guys are doing. Does it smell there? Does it smell like gecko? How does the gecko smell like? How does the gecko smell like? Oh, yeah. Oh, in there. Yeah. It doesn't smell good. It smells sweat. Well, I was sweating. Yeah, so we talked to Bobby. Did you make Bobby do it too? To get into the... I played him in foosball. He beat me by one point. And then we're doing something with OKX as well. We might want to do some, like, day-in-the-life stuff. Like, follow a founder around. Maybe go camping with some founders. I don't know. I think... I think content and storytelling is what we want to do. We want to tell stories in the space. I got this. I can... Will you hire me as an intern? Sure. Let's do this. CoinGecko intern. Yeah, who do you want to talk to? We were going to go talk to FTX, but I guess it's not really a... That was right on my list. I was like, yo, like, but it's OK. Yeah, and then Coinbase was also on the list, but I guess now with USDC, we're running out of a... Don't worry, he's only 92% bald. He'll be 93 after you talk to him. That's so strict. Sorry, I'm being a total douche today. Sorry. But this is actually my natural form. Oh, it's going back up. 90 cents. Oh, man, my 50X long. Come on, bro. Yeah. Bro, bro, take over the stream. I need to... I need to... Do I even have money and vibe it? Alright. Alright. Hey, that's a DJI mic. Yeah, yeah, yeah, yeah. I mean, that's the mic you were showing me to get, so... Yeah, or Ethereum. I think Ethereum Foundation would be fun. To do. Vitalik? Yeah. I think you and Vitalik should have a dance-off. Vitalik is very interesting. He's a very interesting character. Vitalik... One hour of Vitalik 10. There we go. Oh, man. I got this, guys. Let's go. Sorry, guys. Did you guys see ETH Denver this year? Did you see the... I wanted to see what... Oh, yeah, yeah, that song. But I actually wanted to attend. I really wanted to attend that... Oh, you've never been to one? I've been to... We've been to one. ETH... Oh, the Denver. Oh, Denver. No, no, no, no, no. ETH Denver's different. 50X long. You have a Buffer corn. Yeah, the Buffer corn. No, they changed the animal, too. Oh, no, they still have it, but they have other ones now, too. Who's holding USDC? Who's holding USDC? They have the Marmot and the Beaver. They have, like... Anamoca. I don't even like coffee. Hey, Charmander is a troll, bro. He's coming at us. Anamoca? I hate moca. That's not my type. Espresso only. That is a good feedback, guys. Thank you guys so much for watching today. Really good. Yeah, yeah. We really appreciate you guys being here. And also, it's like, just like, um... Cryptogram says, Nate, interview Brian Armstrong at a barbershop where you both get your heads shaved. Okay, I'll make that part of the deal. I'll be down. Or we can bet him. Lose their head... Well, no. Yeah, okay. All right. That's very interesting. That's good content. That's good content. Good suggestion. Done. Done, right? Okay, so... Yeah, guys. Ask some questions. We did take a very chill stream. It's also super hot in here. So I think I... How long have you been streaming for? I'd say like 35, 45 minutes. Almost an hour, bro. Oh. Guys, smash up the likes while you're here, by the way. I think we could do maybe 10 more minutes of Q&A. So that means it's an hour stream. And then we'll finish out with this interview. Well, this stream. I really appreciate you guys as well. So I set this stream up. I was like, Nathan, you gotta do a live stream. And then I was like, Phil, you gotta do a live stream. And then, you know, I'm glad you guys came on. And we have this. So really thank you guys. Thanks for doing Livesaves Crypto Chef. Looks like Eurochats aren't saving us, says Patrick Santiago. No, man. The Chinese are too fearful. I mean, like I said, they're like, What is this? What is this? This is the American people. This is the American people. We're going to cook a lot of wine. Where have I heard that before? Oh, back to 90 cents. Oh, back to 90 cents. We're back. We're back. It's interesting. I mean, I wouldn't mind, to be honest. I wouldn't deal with large quantity, but yeah, why not, right? But we'll see what happens tomorrow. The problem with here, with speculating here, is that anything circles this would drastically affect the market. Which one is George? I think that's the wrong channel. No, no. We're all George. Oh, we're all George. We're all George. We're all George. We're all George. I mean, all Asians are George. True. If USDC goes to zero, is that good for Bitcoin? Absolutely. Yeah, I think so too. Not. I think it's great. Yeah. Yeah, so I think if banks collapse, it'll be great. Because that's what happened during the biggest pump before for crypto. Oh, really? That's when my dad called me. Oh, over there. Yeah, because I, during the financial crisis, so I bought Bitcoin. So my story is I got Bitcoin, I started mining Bitcoin in 2012. Right? It was worth $10 at that time. And I told my dad, I was like, yo, I was mining Bitcoin, it's B2B thing, right? Whatever, blah, blah, blah. And we all forgot about it. And then when the, when the banking crisis came, he said, oh my God, it's like Bitcoin's a thousand something dollars, you still have it? I'm like, nah, gox, bro. Ah, gox, not gox. What small cap gems are you looking into buying? Wow. USDC. It's under a dollar, bro. All right, jokes aside, jokes aside. I still don't, I actually don't think it's a good time to get into small caps right now. I did a test. So this is kind of funny. So I write before the stream. So I, I'm not going to show this, but this is a, this is an example of a failure. So they were showing this massively on my channel. Right? So this is, I'm not going to dox who this is. Right? Someone was showing this massively. Was this Da Dash? Da Dash. Da Dash. Not Dash, but Da Dash. Yeah, Da Dash. It's a, it's an ultra meme coin. And it's just like, it's super low cap. I was like, let me go test it. Let me throw some money in. So I threw some money in and I'm like, I'm like, I'm like, I threw some money in. Like 2.9 cents. Now it's at one cent. So you know what I was going to do? I wanted to make an index, right? Like the DGEN index, you know, of like, what, what, what DGENs, what total absolute freaking DGENs are buying and seeing if that pops. Because usually when a bull market comes, it's always like the DGEN coins that pump the first. Yeah. Right. So, so I want to build an index for that. It's like ultra DGEN coins, but I don't have to reveal what the coins are. Cause I don't even want to talk about it. Right. I'm like, Oh my God, if it gets featured in a box money, like no, man, like, bro, like, no. I just want to build it like a secret ZK stock based index of like how the DGEN coins are doing. And when it pumps, you know, the bulls are back. Right. That's a, that's a preview indicator of when the bulls are back. So I feel like that, that would be quite useful for you guys. I mean, so you don't have to waste your money. Right. Cause I wasted like a hundred bucks. I threw a hundred bucks in there. I was like, Oh, Hey, what, what is this trash? Right. And then now I'm like, I'm down to like $30. So I only got ETH. So I'm fine. Yes, you are. It's a security. Is it a security? All right. Boxman. Are you still into gaming? Absolutely. I still believe gaming is going to be huge. I should have, I have to talk about gaming coming soon. Oh yeah. At the wow summit. You guys should go if you're in Hong Kong. Yeah. If you're going to go wow summit, wow. That's a wow summit, you know, it's a world of web three world of web three summit. Yeah. So yeah. Um, that's coming up soon. I mean, let me throw that onto the screen. So while summit 29 to 2030, so we'll, we'll do it together. I think you're going to go as well. Right. Yeah. Um, so I just, yeah, we're sponsoring an event with okay. X actually. So right after your talk, we'll, we'll, we'll be in central. And so we have a, we have an event with like, like seven other sponsors. Oh really? Yeah. So everyone can go out there and after your talk, tell them all to go there and it'll be a good time. Sure. Yeah. Okay. It's really popping now. Yeah. Okay. X is so okay. X and um, will be are actually trying to get exchange licenses. So they're kind of fighting right now. So they are throwing money at everything. So that's, that's, that's what's happening on the ground. So we've been to the okay X office quite nice. And then, um, well, these offices in central as well. So they're all, they're all over there across the way. So. You know what? You know what? What is my first reaction when you see this lineup of speakers? The government, the Hong Kong government. We're all George. We're George. I'm George. We're all George. I mean, this guy, not so George, but this guy looks like George. This guy. Maybe George that guy. Maybe. Sorry. Sorry. Sorry. Sorry. Sorry. Winners out. Alright guys. Enjoying the USDC fire sale. So yeah guys. Definitely. Definitely. I'm going straight to Bybit after this. Bybit referral code down below. What are your thoughts as a Gala, as a Web3 gaming platform? I think we have different viewpoints on that. Next video. Yeah. Yeah. I've spoken to Jason Brink, the president of Gala. This guy spoke to everyone. Bro. I tried to. That's what I want to do. I want to talk to everyone. Alright. That's my goal. So check out CryptoNauts channel. CryptoNauts. Yeah. CryptoNauts. Like astronauts. Like CryptoNauts. So creative. I know. The most creative. Oh God. The most creative thing. Here, here, here. CryptoNauts. Alright, cool. So we'll brainwash everyone. Oh, by the way guys. If you're on BoxMoney as well, we've got BoxMoney Testnet. Yeah. So we're doing some special, keep this a secret, but we're doing some special videos. We're trying different things. We're trying some high output videos, like super fast. And then we might start doing like different types of content, like street interviews or filler content, fun stuff. Like, you know, you'll see. You'll see. Just check it out. Yeah. And you can see Nathan pretending to use a laptop. It's great. So the whole idea, the first kind of type of videos we're doing is news output. So news in five minutes or less. I know these live streams are long, because like one of the main reasons why we want to do that is because these live streams are like an hour. Right. Right. And that's, that's too long for a lot of people. So having five minutes or less news updates, that those, I think people will enjoy that. So we hope you guys can enjoy it. It's going to, it's, it's almost, the tuning process, I would say it's almost complete. So we'll, we'll launch that soon. And then other than that, just more projects being brewed up. Me and Nathan are working very close together to brew some more content for you guys. And if you guys have any suggestions, I think these live streams, it really opens us up. Like there's so many ideas and so many things that I haven't thought of. But, you know, you guys are giving us the feedback, so we'll make content for it. Right. Yeah. Let us know what you guys want to see. Yes. Okay. We'll just make an episode called, we're George. We're all George. Because people love that. That seems to be the biggest feedback. What I've, today I learned, people love George. Maybe I should shave my hair. Oh, are we doing to do it live? Then we can be like, we are George. Right. Sorry. Sorry. I'm being a dick. Hey, George. That's crypto. What was his name again? Crypto. Crypto is R.S. R.S. George. George. He's a great channel. Look, yeah, just like, he's also, he's also 92% bald. Sorry. No, he's a great guy, guys. George is awesome. George is awesome. George is awesome. George is great. George is great, guys. Check out George's channel. He's doing super, super well right now. Look at that. We're George. Kill it. I'm pretty sure. That's what he's going to say. Welcome back to Crypto Girls. I'm George. We're all George. Oh, he says we're all George. Oh, he really says we're all George. I've never seen his channel. Come on, bro. No, I've never watched the video. market open stream. That's cool. Is the massive dumping over last night? Apparently not. Apparently not. Apparently not. But his place looks amazing. His place looks amazing. Guys, thank you guys so much for watching today. I think that's, that's today's videos. Wow, that's fun. All right, guys. Anything you want to add, Nate? Last, last words. Anything you want to add? Phil, Phil, I guess Phil goes first. Thanks for having us. All right. All right. We're all George. We're all George, guys. All right. Thanks for having us, guys. Yeah. Maybe, maybe Elon's going to, yeah, the other thing we should mention is, Elon said he's interested in buying. Oh, yeah. A bank? Yeah. Silicon Valley bank. Yeah, that's the best bank to buy right now. He's going to plug the $170 billion hole. Yeah. Like Binance looked at the FTX books, he's like, nope. Elon's going to be like, nope. All right. Peace out, guys. I hope you guys sleep well. If you guys are, we're going to see what happens with VSTC tomorrow. And we've got three different viewpoints today, so I hope you guys enjoyed that. And if you guys have any suggestions on what we can do as well, leave some feedback on this channel where we're doing a lot more content soon. So peace out, guys. Thank you guys so much for watching. Peace. Peace.