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Episode · May 29, 2024 ·

ATC: DAVE AND KOOL TALK ALL THINGS CRYPTO

On the mic

Summary

0:10:29

Celebrity Meme Coins Explode on Solana

Kool said a major Nigerian artist launched a meme coin that hit 8 million market cap, with huge engagement including a Twitter space and over 150000 comments. Kool noted this is just the beginning, as more celebrities follow and Solana ecosystem tokens are the real play, not the chain itself. Dave discussed Mastercard launching a crypto credentials service for aliases and PayPal bringing PYUSD to Solana, calling it a big corporate bet on the chain.

0:04:44Dave on building DEXs and AMMs, an upcoming AMA with forty two DAO on Bitcoin Cash, whales and liquidity, and a teaser about emoji meme trading on Telegram

0:19:52

Bitcoin Miners Reject Big Buyout

Dave covered Bitfarms rejecting a 950000000 acquisition offer from Riot, seeing it as a bullish signal for Bitcoin miners heading into the bull market. Dave and Kool analyzed the Iggy Azalea space with 12000 listeners and discussed risks of celebrity tokens attracting newbies who may get hurt in pumps and dumps, like past examples with Mike Tyson and Paris Hilton.

0:29:13

Runes Runestone and Bitcoin Inscriptions

Dave and Kool discussed Runestone holders benefiting from the DOG coin run, now near 700000000 market cap. A speaker asked about an airdropped runes token, leading Dave to explain the difference between fungible runes tokens and ordinal Runestone NFTs. Dave explained Bitcoin inscriptions live fully on chain, unlike off chain Ethereum NFTs, and sees a similar trajectory for runes.

0:35:32ForTheCulture.algo's airdropped token leads to a teaching moment on runes

0:51:11

Oracles and Real World Assets

Dave highlighted API3 raising 4000000 as an oracle competitor to Chainlink, with strong use cases for real world assets coming on chain. A speaker discussed the Gora oracle building wallet based credit scores across chains and real estate liquidity pools for daily rental income from DeFi transactions. Kool and Dave noted oracles like Chainlink have major bank partnerships and should command much higher market caps, as traditional finance blends with crypto.

0:51:11API3 funding news

Moments0:56:30
1:04:17

Airdrop Delays and Banking on Hedera

Kool explained projects are delaying airdrops and token launches until after summer and the election, when macro conditions improve to avoid dumps. NatNat urged listeners not to sleep on Bank Social, which already works with over 30 credit unions, launched an RTP payment system and gained rare regulatory backing. Dave and Kool noted OpenSea's decline after losing ground to Magic Eden and Blur.

1:07:35The DREC Alliance for key recovery

Moments1:04:17
1:15:12

Airdrop Tracking and Early Finance Education

Kool demoed an airdrop tracker for EVM chains, showing volume and interactions across protocols like Layer Zero and ZKSync, without connecting wallets. Kool described his multi wallet farming routine and checking eligibility across sites. Kool talked about teaching kids finance early.

Moments1:15:12

Key quotes

“This movie, we've seen it before. This is deja vu, man.”

Kool0:25:34Share on X

“So runes are fungible tokens on Bitcoin.”

Dave0:38:13Share on X

“It's not about money, money, money. It's really about, financial freedom.”

Kool1:22:49Share on X

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Show discussion, not financial advice.