On the mic
Summary
Dave @DCBK2LA and Kool @koolcryptovc opened the episode. Kool said the show will run Monday through Thursday starting next week, and that a crypto custody bill had passed the Senate with support from both parties despite an earlier Biden veto threat. Dave explained the pump.fun hack and FBI seizure notice as he understood them, and the hosts urged listeners to keep separate low-balance wallets for risky trading. A guest labeled Voice D described the Genius terminal's sharded cloud wallet and cross-chain swaps, and Dave cited hedge fund 13F filings and CME spot Bitcoin trading as signs of institutional demand. Later segments covered the Alex Lab exploit, which Dave said came from a phishing attack, with Bread @_ToastMalone explaining wallet security practices, along with Kool's long-term accumulation strategy and Bitcoin layer two ecosystems such as Stacks. The show closed on where liquidity may flow between Solana, Base and Bitcoin layer twos, and Voice H asked listeners to be patient. All of this is discussion, not financial advice.
Chapters
Idea to pair a DeSci DAO with a meme coin treasury; election-season meme coins; Base vs Solana liquidity; Stacks growth; closing call for patienceMomentAt 1:00:55 on X
Key quotes
“You don't learn if you only show wins.”
Kool0:38:50Share on X
“Nobody at all is immune from any of this stuff.”
Dave0:42:40Share on X
“realistically, like, nobody here should be just blindly clicking anything anymore.”
Bread0:45:52Share on X
“the easiest one is you just spin up a blank new wallet and you assign that as, like, the vault, essentially.”
“gonna be slow, gradual, and all of a sudden.”
Excerpts
Show moving to Monday through Thursday; crypto custody bill passes the Senate
- 0:04:29 Kool Yeah. No worries. No worries. Guys, welcome to the space with Dave and I. We we do this space every single day now starting from next week. Yeah. Monday through Thursday. Sorry. And, hopefully, maybe Friday, Susie. But…
- 0:06:21 Kool Alright. So let me just finish this real... Yeah. So... Yeah. Go ahead. Go ahead. Go Let me just... I'll finish up I'll finish up real quick with with with I'll give Mike to you. On... Unfortunately, Biden said he was…
Biden veto threat and what the bill could mean for self-custody
- 0:07:11 Dave Yeah, man. That custody bill, I mean, the the second the second it went through the house, Biden came out and was like, no. No go. Like, to show you that, like, the administration that... We're not gonna get political…
- 0:08:03 Kool sixty sixty, 30 votes, I think. I think the the vote was over... Overwhelm... Overwhelmingly green past. So... But like I said before, I I follow a lot of a lot of... You know, see, the the thing about me is that I…
pump.fun hack, alleged disgruntled employee, and FBI seizure notice
- 0:08:52 Dave know if y'all are... I mean, I know we've... I know for a fact we got some degen traders in the room. That's the damn sure. Solana, y'all are doing some crazy, crazy shit out there. And... Okay. This is the most up to…
- 0:10:34 Dave It's absolutely crazy. Yeah. If anybody in the crowd obviously has a, like like, firsthand experience, I have not traded on pump. Like, there's been a ton of people in my group that have been trading, but they've just…
- 0:11:19 Kool 100 fucking percent, bro. 100. This is not... Don't be surprised. This is why we say, you know, my VPNs are on. I'm not saying that VPNs help or it doesn't... But from from what I've read, VPN's on. 24... VPN on on my…
Dave's speculation on a Blast Network connection
- 0:12:01 Dave Check this out. Okay. So now as I'm as I'm reading through this. Okay? Number one, and this is why I've said it from the beginning. Okay. So we're familiar with Blast Network too. Right? I've said from the beginning…
Wallet hygiene: separate low-balance wallets for degen trading
- 0:13:46 Kool Yeah. Even even... They they even had an issue. I think they had the the hackers on North Korea. I think they they tried to hack something with blast. It was just just done that, like, two months ago. But, yeah, bro, I…
Genius terminal: sharded cloud wallets and cross-chain swaps with no bridging
- 0:14:46 Dave gonna take this opportunity. Ryan, I just shot you an invite, bro. I would love for you to come up and just... Bro, this deserves the plug. Like, this is the setup of setups, man. Like... So do you remember a cool one…
- 0:17:53 Kool Yeah. I would definitely love to try this when whenever you got... You you go... So is is the... I know you're gonna run a test net. Is that open to the public yet? Or is
- 0:20:04 Dave Of course. Right. You're always welcome, man. Like, anytime, man. You guys are gonna place on this stage. And if I could just make one suggestion, I know that you guys are gonna... Are working on it. You're gonna be…
Institutional Bitcoin demand: 13F hedge fund holdings and CME spot trading
- 0:21:34 Dave Let's go. Good stuff. Alright. I'm gonna touch the Bitcoin stuff really quickly. Well, not really quickly because I think it's worth really talking about, to be honest. And I know that I'm super bullish on Bitcoin, but…
- 0:23:15 Kool Yeah. Yeah. Yeah. I I... Okay. So so it's it's... People wants fast 10 x, 100 x on Bitcoin. That's not gonna happen. Is it... It's gonna be a slow grind up. Of course, it's gonna be 20% dumb, 10% dumb. So that's…
- 0:24:19 Dave Well, let let me let me But... Yeah. Yeah. Like... And and now it's also going into retirement. Right? Like, think... Like, if if I'm being if I'm being honest. Right? Like, when you when you when you go into start…
Getting Bitcoin exposure through layer twos, Welsh and Runes
- 0:25:17 Kool Yeah. Even even even we... Even if we get to 50... 65, 52, we... It's it's still bullish. It's still it's still a bullish bullish number to be in. I think the market has become bearish if Bitcoin breaks below 40 k…
B squared network and Merlin, plus the Tether and Ubit off-ramp
- 0:28:41 Dave Yeah. Amen to that. And and just so you guys know, so I'm gonna be putting it out a little bit later tonight. But on Sunday, this Sunday, I actually have one of these Bitcoin layer twos. It's called the b squared…
- 0:30:13 Dave I don't know if you you realize this, but, like, the Tethr CEO has literally said, like, we are not a stablecoin company. Like... And he has diversified, like, USDT, like like, Tethr into so many different areas. And…
- 0:31:32 Dave hated it, man. I mean, it still haunts my dreams. But... Yeah. Like, I mean, Tether and Tone, like, partnering with a company called Ubit, you're now gonna be able to off ramp USDT to Fiat through a freaking mobile…
USDT regulatory risk, self-custody and moving money while traveling
- 0:31:50 Kool Yeah. That that that is actually... That's what we call... Like, I think I think the... That's when the best use case of crypto in general is these these stablecoins. My only my only issue is this. Right? I know USDT…
- 0:33:23 Kool Yeah. Yo. Yeah. So so see see, when I when I when I always say, like, I don't give a fuck what happens in in short term, this is the reason why. You you you have you have Coinbase that's that... That's costly... That's…
- 0:36:15 Kool Oh, much love, bro. Much much much love. Much love. So if you guys don't know, right, I I I was I was born in The US. I was raised in Nigeria. I left Nigeria. I went in my early teens, came here, and did did... I did a…
How to build an audience on X
- 0:38:50 Kool Yeah. I can I can I can? It... It's it's it's not it's not it's not easy. It is not hard at the same time. It's both. I'm I'm gonna give you my take, and I'll have Dave give you his take because we we we we we approach…
- 0:40:42 Kool And go to Dave's right now. Go to Dave's page. You see... Look look at that. It is very Yeah. It it catches the eye. Look look look at the the NFT. Look at the background, Stacks. So... Okay. Right now, I am big on the…
- 0:41:30 Kool do the weekday Monday through Friday. Dave and I go do spaces in the evening, then I do daily videos every day, Monday to Friday. And Dave Dave does, bro. The the reason why why I saw the... Actually, Dave was part of…
Alex Lab exploit, phishing, and how protocols should secure treasuries
- 0:42:40 Dave a minute. But as much as I hate saying this news, like, I feel like we gotta be unbiased. Right? Like, we're up here for a reason. We're here to try to educate people, and I think this is super important. I think…
- 0:46:42 Dave Yeah. So, like, what's the fix? Is it... There should have been a multisig? Is it... Like like, what what are the other possibilities? You probably know better than all of us.
- 0:50:07 Dave We're chilling, man. Chilling. What's good, bro? What's the take?
Post-halving sideways market and Kool's accumulation strategy
- 0:55:48 Kool No. No. It it... It's it's it's it's it's gonna be slow, gradual, and all of a sudden. Right? So it's... So I... So every... Look. I I like study history. I like go back to past. You studying what what happened in the…
- 0:57:28 Kool It... We're gonna be on a side of your market for a while, man. I think you get used to be the the the boring... Bitcoin is gonna bore you the fuck out, man. Trust me. Because right now, what's crazy is I always look…
Idea to pair a DeSci DAO with a meme coin treasury; election-season meme coins; Base vs Solana liquidity…
- 1:00:55 Dave That boy's got conviction. That's a strategy. Damn. I love it. I love it. I love it. Guys, we're at the sixty minute mark. If you can, please, like, you know, like, share, retweet the space, please. We got another…
- 1:11:45 Dave I have a hot... I have it. I have I have the hot, the cold, all of it, bro. Like, I've been... I mine every day. I'm hitting that button. I'm trying to, like, level up, my guy. I got it.
- 1:23:37 Kool Everybody's a dev. Yo. Right? It... We've come such a long way, though, man. I've come... No. I remember the days of the... Of of Wi Fi and YFFI, yummy yams, juju juju. I remember those days paying $80 in gas fees, a…
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