On the mic
Summary
Hosts Dave @DCBK2LA and Kool @koolcryptovc, joined by NatNat @Natnatx007, Benny Lee @eschatologian and other speakers, opened with the headline that Crypto.com overtook Coinbase in total volume. The panel concluded Coinbase is not dying, pointing to its role as a US custodian and NatNat's note that its net revenue doubled. The group then discussed the Bank of England rate cut, doubts about official economic data, and a post claiming the Treasury doubled its debt buyback capacity, and they framed self sovereignty and Bitcoin as protection from market manipulation. Kool argued that a meme coin is already too late once you see it on crypto Twitter, and that quieter ecosystems often offer better opportunities than crowded chains like Solana. Dave criticized the Scottie Pippen ball token roadmap for giving holders no ownership, which led to a wider talk about celebrity tokens being run by hired teams, before NatNat recapped Amazon, Apple and Coinbase earnings and flagged the next morning's US employment reports. All of this is discussion, not financial advice.
Chapters
Recap of the Mark Yusko space and the copper trade example of Wall Street price pushingMomentAt 0:08:12 on X
Crypto.com overtakes Coinbase in total volume, and Kool explains why Coinbase is not going anywhereMomentAt 0:11:49 on X
Coinbase earnings: net revenue doubled, and more token listings bring competitionMomentAt 0:18:13 on X
Bank of England rate cut and what it could mean for crypto compared with stocksMomentAt 0:20:46 on X
Doubts about government data, inflation trackers, rate cut history, and farming airdropsMomentAt 0:22:44 on X
Post claiming the Treasury doubled its debt buyback capacity, plus talk of a "plunge protection team"MomentAt 0:30:58 on X
Nero meme tokens on ETH and SOL, and why buying after it hits Twitter is too lateMomentAt 0:42:31 on X
Rant about the Scottie Pippen ball token and celebrity tokens run by hired teamsMomentAt 1:02:35 on X
Amazon, Apple and Coinbase earnings, the employment reports ahead, Kool's watchlist, and the cryptorank.io resourceMomentAt 1:13:11 on X
Key quotes
“However, I don't think that Coinbase is dying.”
NatNat0:18:13Share on X
“But self sovereignty literally means not only are you... Like, are you in charge of your own money, but you're also protected.”
Dave0:35:51Share on X
“The moment you see it on Twitter, it's too late for me.”
Kool0:43:43Share on X
“The money is made when you buy it when nobody wants it.”
“We need to know how to do our own due diligence and stop depending on these gurus, quote, unquote, to tell us what to do, where to buy.”
Excerpts
Opening rundown of the day's stories by Voice E
- 0:06:47 Kool Oh, yeah. Oh, yeah. I'm good, man. I took a I took a... I slept all day today, man. I went to gym this morning, and I just slept all day, man, eating eating some eating some fruits all day. I... Oh, yeah. It was... I…
- 0:07:40 NatNat Hey, guys. Sorry sorry I'm late. I was doing the bank social migration over to, Rivera from East.
- 0:08:01 Dave Yeah. Cool was saying that we should dock your pay, but I was like, nah. Don't forget, cool. None of us actually get paid to do this. So, yeah, you're good
Recap of the Mark Yusko space and the copper trade example of Wall Street price pushing
- 0:08:12 Dave Oh, shit. Let's go. That's what I'm talking about. That's the way we start this fucking show off. Cool. To answer your question, I don't know about numbness. Right now, I'm just in wait and see mode. You heard Junie be…
- 0:10:57 NatNat my First call of all, Benny, you're rugged every five minutes.
- 0:11:09 Dave Actually actually, Benny in the chat this morning was like, this the floor right here. Just got the notification. Bitcoin up five percent 65 going to 66,000 already. That was a quick, quick, quick bounce.
Crypto.com overtakes Coinbase in total volume, and Kool explains why Coinbase is not going anywhere
- 0:11:49 Dave Well, this is... Benny, this is what we're gonna talk about actually right off the bat. This is gonna be our first story, but I just wanna kinda, like, obviously, like, check-in with everybody. Yo, Kate. I see you…
- 0:12:57 Kool Yeah. You just asked that. Yeah. No. No. No. No. I think people shouldn't read too much into this. Coinbase is the number one exchange in The US, and it's the only exchange in The US that has the the green light from…
Distrust of centralized exchanges and the Crypto.com arena naming rights
- 0:16:30 Dave Damn. I mean, that's kinda what I use it for too. I mean, if I need to trade a few things here and there, but that I'm in New York, I kinda don't have a choice. I mean, my... Literally, bro, my mexie got clipped. My…
- 0:17:35 Dave Oh my god. Yeah. That... I mean, that's exactly... That sounds right. It was, I think it was 300,000,000 that FTX paid to rename, the Miami Heat Arena, American Airlines Arena, FTX Arena. That shit is create... Like…
- 0:17:58 Dave I actually suggested that for the New York Knicks. I was like, maybe we could buy out James Dolan if we actually start, like, a Knicks DAO and actually be a successful successful fucking team for once. But, yeah…
Coinbase earnings: net revenue doubled, and more token listings bring competition
- 0:18:13 NatNat Yeah. I think that's pretty impressive for crypto.com. However, I don't think that Coinbase is dying. Coinbase just released their earnings report today, and they doubled their net revenue. Their net... Listen. Net…
- 0:18:56 Dave This is why I love having that net up here. Like, the... That's the voice of reason. That's the voice of fact right there. It's like net revenue. Cade, I think she just told you to suck it, bro, because at the end of…
- 0:20:07 Dave Love it, bro. Yeah, man. I mean, look. Wait. Is crypto.com still offering... I remember in 2021, remember they were offering those ridiculous rewards. Right? They were issue... I think they were ahead of their time, by…
Bank of England rate cut and what it could mean for crypto compared with stocks
- 0:20:46 Dave Facts. Facts. Facts. Facts. Alright. I guess we're we're... I guess we'll see kinda, like, how this whole thing shakes out, but I never actually created an account on crypto.com, which was the funny thing because they…
- 0:21:58 NatNat Yeah. I do believe it's all bullish for the crypto market. However, for the stock market, not that much. Based on... I don't know if you guys saw what Cool posted yesterday when we're talking about this and how rate…
Doubts about government data, inflation trackers, rate cut history, and farming airdrops
- 0:22:44 Kool Yeah. I saw... I I did see the news with them cutting rates. So we we... Like I said, we we talked to money for a long time. You know, we've we've been in a high interest rate environment for past two years, at least…
- 0:29:02 NatNat So, Ku, there's two things. You... I don't know if you guys remember. There was a space that we held with Alex, and we mentioned... We we were talking about the economic data and how some of the reports don't really…
Post claiming the Treasury doubled its debt buyback capacity, plus talk of a "plunge protection team"
- 0:30:58 Dave Interesting. So let me throw another thing in there, and this... And and shout out Johnny for throwing this, into the DMs. But if you guys look at the post above, right, somebody posted that they literally found, and I…
- 0:34:44 NatNat You know what? I'm not surprised, Dave. We call this the bond protection team. Literally, if you look... Listen. I live and breathe the stock market. I'm licensed. I went to... I... You know, everything. I live and…
- 0:35:51 Dave Damn. The level of manipulation is serious. I mean, if this doesn't make the... I mean, it's just another check. Like, let's go. Like, put another checkbox in the in the in the Bitcoin column. You know what I mean?…
Pricing wealth in assets and Bitcoin instead of dollars
- 0:37:14 Dave It's true. Like, think about this. Right? This is another thing. I gotta I gotta put this... I gotta pin this this Mark Yusko fucking conversation up because people are really missing out unless they listen to it. But…
- 0:37:41 Dave Yeah. Bro, Benny, gotta go for it, bro. You wanna explain it?
- 0:38:56 Dave Facts, bro. I just pinned it up to the top. For anybody that did not listen to this, please take... Like, I'm telling you, this sixty four minutes will change your perception because I know it's one thing to hear it…
Nero meme tokens on ETH and SOL, and why buying after it hits Twitter is too late
- 0:42:31 Kool You you watching this? Yeah. Yeah. Yeah. No. I'm just watching. I mean, I I would've lost buying it early. Look. Once once things pop off, I don't I don't touch it, man. I think I will I will... Because I looked at the…
- 0:43:43 Kool Yeah, bro. Like I said, man, they... If if you didn't get it from the beginning, I I I would... That's just me. I I I just... These protocols launch at the market cap, like, 5,000. So whoever got in that early, they're…
- 0:49:00 Dave But how cool? How do I find the meme tokens? How do I do it? Do I go to miss Rose's space? Is that where I need to hear about it before they pop off? Do I go scouring Telegram and figure out, like, where do I look?…
Update on the STX City bonding curve token
- 0:52:49 Dave How was... Okay. I got it this time. I got it this time. The bonding curve, honestly, what we talked about yesterday, I just wanna give everybody a quick update. It was at 86% progress. It is now at a 100%, but I still…
- 0:54:25 Dave I mean, it's all things crypto, but is there anything else in the news news something you wanna talk about?
- 0:54:46 Dave No, bro. You know what that brings out? That brings up everybody and their moms coming up being like, well, you know what? It's because of this presidency and that. Nah. I definitely... Like, on the crypto side…
Solana DEX volume, chain rotation, and upcoming ecosystems
- 0:55:05 Dave Yeah. Warships anywhere. No good. Good for Bitcoin. No good for humanity. But... Yeah. Here's another story. Solana DEX volume has obviously... I mean, in July, surpassed, obviously, Ethereum. It's been obviously…
- 0:56:32 Kool Okay. So the BNB chain was Solana, like, four years ago, and where is BNB now? Right? So I... To my honest, I don't know if the game the game can move so fast. It could be... There's... The way this gaming works is…
- 1:02:11 Dave Alright. Let's go. Crip... Cool Crypto. Good to have you back, bro. Damn. Feel like it's been a minute since we got takes like this from Cool. Let's fucking go. Nat Nat, anything you wanna chime in on the... On this…
Rant about the Scottie Pippen ball token and celebrity tokens run by hired teams
- 1:02:35 Dave Let's go. Alright. We got about thirty minutes left. Within these thirty minutes, I'm gonna take the next couple minutes to... This might not be a popular opinion, but I'm sorry, but I gotta do it. Scottie Pippen needs…
- 1:07:52 Dave Yeah. I hear you. I don't know what you... What the hell just happened.
- 1:08:41 Dave Real real quick, Benny. Right before you go, I just wanna say this. Don't if anybody know... I don't if I actually brought... We I think we started the show way after this, but when I was actually working the... And…
Amazon, Apple and Coinbase earnings, the employment reports ahead, Kool's watchlist, and the cryptorank.io…
- 1:13:23 NatNat Alright? So Amazon, they took a beating. They're taking it right now. They... Amazon is down over 7%, and it hung it hung in the balance. Like, it'd be hung around, like, one seventy five, one seventy six prior to the…
- 1:17:10 Dave Alright, guys. I mean, you heard it. We are not on tomorrow, just so everybody knows. Obviously, like, we get Fridays off. Thank you very much. But we obviously are gonna be back come come Monday. But I know we got…
- 1:22:26 Dave Love it. Yo. And shout out to Presley. Presley put something down there about a Zac XBT post for the deployer of the BALD token. Yeah. It said that after looking on chain, deployer address for BALD, which is the…
Short excerpts from the auto-generated transcript. Listen on X for the full show.