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Episode · Jul 1, 2024 ·

ATC: DAVE & KOOL TALK ALL THINGS CRYPTO

On the mic

Summary

0:03:25

Dave Heads East for Digital Nomad Life

Dave announced he is leaving California for the East Coast in a few weeks, and plans to try digital nomad life in a chill spot with good internet. NatNat mentioned a YouTuber who moved to the Dominican Republic for lower living costs in pesos. Dave said the Dominican Republic is his favorite destination, and he is looking into it.

0:03:25Show opens

0:04:03Voice G reads the show intro, the topic lineup and upcoming guests

Moments0:07:05
0:09:56

Logan Paul Sues Coffeezilla for Defamation

Dave recapped Logan Paul filing a defamation suit against Coffeezilla over videos calling Cryptozoo a scam. A speaker said Logan Paul risks proving the claims if he loses, and should stay quiet after past controversies. NatNat agreed that Logan Paul is taking a massive risk given his history, including prior suits over an energy drink.

0:14:36Dink Doink and Prime Hydration

0:16:50Voice F gives an update on their on-chain sports betting platform

Moments0:09:56
0:23:36

Circle Wins MiCA License as USDC Gains Ground

Dave and ALEX DAMSKER discussed Circle receiving a MiCA license to issue USDC and EURC in Europe. ALEX DAMSKER explained the FATF travel rule, and how countries now cooperate more on financial crime with MiCA as the first big example. ALEX DAMSKER noted exchanges delisting other stablecoins, and said USDC is not a CBDC since no government controls it though it remains centralized.

0:32:53USDT market cap gap, exchange delistings and questions about Tether's reserves

0:40:45

Hawaii Exempts Crypto Firms from State Licensing

Dave covered Hawaii exempting crypto firms from state money transmitter licensing after a two year pilot, while still requiring federal compliance. NatNat said this supports innovation though federal rules remain. A speaker viewed it as giving more freedom since federal action moves slowly, and could attract firms like past moves in Puerto Rico and Texas.

0:40:45Bitcoin layer two transaction speed and Stacks

Moments0:42:11
0:48:18

Roaring Kitty Chewy Stake Sparks Talk of Pumps

Dave noted Roaring Kitty disclosing a large Chewy stake via SEC filing. ALEX DAMSKER explained pump and dump schemes where influencers use communities for exit liquidity, and warned to be careful with anonymous investment advice.

0:58:14Financial advice and taking profits

Moments0:48:18
1:20:15

Preview of Supreme Court Agency Ruling Space

ALEX DAMSKER previewed a Friday space on the Supreme Court overturning agency deference in interpreting laws. ALEX DAMSKER said this huge change affects all federal agencies, including those impacting crypto, and could shift power to courts and Congress. Dave and a speaker discussed implications for business clarity and public safety decisions.

Moments1:20:15

Key quotes

“This is so huge for crypto. I really do see the volume exploding at some point. This is a powerful step forward”

NatNat0:38:59Share on X

“You never make a profit doing the same thing as everyone else.”

AALEX DAMSKER0:58:14Share on X

“Buying is half of a successful trade. The other half is sell.”

AALEX DAMSKER1:06:57Share on X

“But you gotta take profits, people. You gotta take that money off the table.”

AALEX DAMSKER1:13:28Share on X

“So talking about something generally is usually okay. Talking about something specifically for a person is usually not okay.”

AALEX DAMSKER1:17:08Share on X

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Show discussion, not financial advice.