Robinhood Acquires Bitstamp
Dave and Kool opened with Robinhood's 200 million cash purchase of Bitstamp.
0:04:00Opening, living on Twitter Spaces and reaching a worldwide live audience
0:08:58Whether that is good for crypto
On the mic
Summary
Crypto Saves Robinhood
Kool argued that crypto revenue had saved Robinhood's business and that the company was becoming a direct competitor to Coinbase.
0:12:22Large caps versus lower caps
0:19:22MicroStrategy facing the highest institutional net short positions, at 23% of market cap
MicroStrategy Short Positions
NatNat linked that to fears of a stock market crash and to whether crypto is decoupling from stocks.
0:22:27Shorting through Bitcoin ETFs
0:25:03Correlation, a big bank CEO's stock sale, the election, and keeping liquidity on the side
Intelligence Authorization Act
Talk turned to the broad digital asset language in the Intelligence Authorization Act.
0:32:51Top MicroStrategy holders, traders versus investors, and dollar cost averaging
0:35:56Building a personal investment plan away from the media
Ethereum Bull Case
Kool walked through valuation models and TVL rankings to make the bull case for Ethereum.
0:40:43The Intelligence Authorization Act and how to define a "digital asset"
0:43:45Ethereum validator setup options, OFAC data sharing, and privacy
Community Events and Memecoins
The second half covered the Welsh community giveaways, a BNS quest and runestone prize, Solana meme coin activity, and Wormhole and Velar staking questions. The show included a live giveaway draw.
0:51:58Ethereum valuation models, user growth, and TVL rankings across protocols
1:00:21DeGrants
Roaring Kitty and GME
The show closed with NatNat previewing an upcoming Roaring Kitty YouTube livestream and explaining the GME gamma squeeze.
1:16:07Solana, the Sanctum airdrop, meme coin activity, and a celebrity token
Moments1:35:45
Key quotes
“Always remember, you know, watch what these institutions do. Don't look at what they say.”
Kool0:12:22Share on X
“Don't let the market dictate, right, what your decisions are on a day to day or a minute to minute basis.”
Dave0:32:51Share on X
“everyone should have their personal investment plan and their personal investment strategy away from the media.”
NatNat0:35:56Share on X
“You judge a project based on the TVL. You judge a project based on the network effect, the growth.”
“we gotta get better at at obviously educating people.”
Ask your AI about this show: Use ATC in Claude or ChatGPT
Show discussion, not financial advice.