On the mic
Summary
This was the Thursday edition of ATC: All Things Crypto, hosted by David Choukroun @DCBK2LA and sponsored by $THON on @sunpumpmeme. The panel discussed Grayscale's new Avalanche trust and whether accredited investor rules make sense, then spent a long stretch on Babylon's Bitcoin staking mainnet, covering self-custodial staking, fees, delegation risk and fragmentation across Bitcoin layer twos. They also covered Justin Sun's meme coin strategy on Tron, Coinbase's MiCA-compliant EURC conversions, the US housing market and that day's macro data ahead of Jackson Hole. Later segments covered Magic Eden's ME token and the decline of OpenSea, a large failed options bet on earnings that showed the risk of gambling, and how to farm airdrops without getting flagged as a bot. The show closed by announcing that it would start an hour earlier the following week. All of this is discussion, not financial advice.
Chapters
Babylon Bitcoin staking mainnet: trustless, self-custodial staking, risks and lockupsMomentAt 0:21:58 on X
Macro rundown: initial jobless claims, existing home sales, the Jackson Hole tie betMomentAt 1:03:14 on X
Key quotes
“those are always the questions that every single person in the room is wondering in their head”
Dave0:45:48Share on X
“if you treat the stock market like a casino, you have to keep in mind that the house will always win.”
NatNat1:27:16Share on X
“time in the market always beats timing the market.”
“It's more fun when the people you know are making it”
Kool1:42:01Share on X
Excerpts
Show opens as the final ATC of the week
- 0:04:06 Dave What's up, all my guys? What's good? Welcome to the final ATC of the week. This is Thursday, and, yes, we deserve a day off on Fridays because we give you so much damn alpha. Goddamn. I guess cool headed the client…
- 0:05:09 Dave Too much rice and beans. You gotta just lay off the rice and beans for one night and you'll stay awake. That shit makes you tired.
- 0:05:50 Kool I'm good. I'm good, man. How's the whole Good. I'm good. How you guys doing? What kind of You guys
Recap of the late-night $Thon story space and the free claim for Sunny holders
- 0:06:33 Dave Jesus take the wheel. Oh my gosh. But while we wait for while we wait for cool... Nat Nat, you really would have loved it yesterday. I'm serious. If you could manage to stay awake, I would love you to come by just to…
- 0:07:49 NatNat We're not sleeping on you already though. 10:30. I'm setting the alarm. I'm about to make some so I can be up, wide, and awake.
- 0:08:35 Dave I cook it? I took that one time. I remember that one time. I drank that foundation.
Dave asks listeners to hold him accountable for posting the space earlier
- 0:09:14 Dave like it. I like it. I like it. Guys, I need to make a pledge to to this whole show right now. I know how terrible I am at setting the space. I can imagine the that I probably give cool where it's like I set the space…
- 0:09:55 Dave They're like, yeah. We'd be happy to fucking rip you a new one, mom. Okay. Let's go.
- 0:10:11 Dave Reminder. Junie... Yeah. Junie doesn't do alarms, unfortunately. She could talk to the web, but she doesn't do alarms. That... You know that that was my first experience with AI? I won't go down the rabbit hole, but…
Grayscale introduces an Avalanche trust, and the panel debates its motives
- 0:10:11 Dave Reminder. Junie... Yeah. Junie doesn't do alarms, unfortunately. She could talk to the web, but she doesn't do alarms. That... You know that that was my first experience with AI? I won't go down the rabbit hole, but…
- 0:12:10 Dave Agreed. Agreed. Agreed. Cool. How are feeling about AVAC's trust now with Grayscale? Which, by the way, now is second behind BlackRock in terms of total crypto or digital assets owned. And the Bitcoin outflows actually…
- 0:13:49 NatNat That makes sense. Cool. Because in a way, they are diversifying to hedge against their losses. Right? That's what you're saying?
Critique of accredited investor rules for retail access
- 0:14:51 Dave Yeah. I like it. You know? Listen. I think, like, the more they get involved... But look, at the end of day, don't forget, like, Grayscale Trust is literally only available, like, just the same way with all their other…
- 0:20:54 Kool Yeah. No. This this is pretty cool. I do know I do know about Babylon being paid.
- 0:21:07 Dave drop down and come back up real quick. I'll bring you back up.
Babylon Bitcoin staking mainnet: trustless, self-custodial staking, risks and lockups
- 0:21:58 Dave Okay. So here's how it works. So Babylon is... I have not used it. Right? So I'm just literally off the website. I'm looking at it. I'm reading it. So Babylon operates as a layer two solution. Right? That's essentially…
- 0:24:34 NatNat Yeah. I like this. I think this is bullish for Bitcoin and and for Babylon. I'm reading now, just to add to what you guys are saying, the downside to this are the fees. I'm reading right now. Bitcoin fees skyrocketed…
- 0:25:34 Dave you stake it directly via your wallet. Right? Whatever wallet is compatible. And that if you have the website up, can you just hit connect wallet and let me know what the provider... Which providers they are? Sure…
Bitcoin layer two fragmentation, liquid staking and the Anchor collaboration
- 0:30:28 Dave Yeah, bro. I love it, man. No. I appreciate it. Massive fragmentation among player two. This is a big thing that I talk about in a lot of the spaces that... Like, the sponsored spaces that I do, right, is a lot of the…
- 0:31:15 NatNat Yeah. So this is done via a collaboration with one of the startups I'm investing... Invested in. I don't know if you guys have heard of it. I've mentioned it before. It's called Anchor, a n k r. No. Anchor. A n k r…
- 0:32:10 Kool No. No. I I bought Anchor. Love, man. That's, like, four four years ago, man. A lot of... I mean, that's OG. That's the OG talking, man. OG talking. Was the older one.
Justin Sun's meme strategy, the meme contest and Tron meme coin momentum
- 0:32:42 Dave Let's go. Okay. Great story. I love that story. Guys, know, I I have to talk about this because it's all over the news. Okay? Justin Sun... I'm saying this. Tron founder Justin Sun predicts 4,000,000,000 in revenue…
- 0:36:06 Dave Yeah. I mean, if between now and election time or even the end of the year, I feel like Tron just got, like, a head start on everybody. You know? Yep.
- 0:42:23 Dave That's it. Sun token is doing crazy things. Yeah. Sorry again, Anna.
Walkthrough of how to buy $Thon using Changelly and a TronLink wallet
- 0:43:53 Dave Yeah. Oh, a month ago. Let me let me help you, sir. Let me let me assist you real quickly. Time out on the show. Very quickly, I don't wanna take up too much time, but you go to the website. Morgan, can you pin the…
- 0:45:47 Dave go back everybody. Everyone that comes up and says, oh, I got dumb or stupid questions, those are always the questions that every single person in the room is wondering in their head, but nobody has to come up, have…
Coinbase MiCA-compliant EURC conversions and arbitrage implications
- 0:46:06 Dave Okay. What else do we have cooking? Coinbase. Coinbase now will offer MICA or MICA if you wanna call it. MICA compliant conversions between euros and euro peg stablecoins starting August twenty eighth of this month…
- 0:52:45 NatNat Yeah, Dave. Just with regards to your question, so based on what I'm reading, it's... So USDC, they're doing this via France, actually. USDC and EURC via Circle Mint France.
- 0:54:26 Dave Oh, shit. I forgot about that. I totally forgot about that. Okay. What else we got cooking? Let me see. Let me see. To... Wait. Cool. Yo. My bad, bro. I don't know why. Like, I'm like, I'm super spaced today. My bad…
US housing market dip and the case for owning hard assets
- 0:56:32 Kool Oh, yeah. Yeah. No. No. I I... It's funny you say that. Right? So I I was looking at some stuff today, and how... Housing housing is... It's the the... It's coming down. Right? It's it's not... You you would think of…
- 1:01:41 NatNat Agree with everything Cole said and proud homeowner. I'm I'm gonna put my own horn for a little bit. I got in at the 3% mark. The the loan rate, so tooting my own own horn here. But I agree a 100% with cool set. And…
- 1:03:04 Dave Just gotta, like, quickly do something. Matt, can you give us kinda, like, maybe the macro rundown, the Travify rundown real real quick as to what happened in the Travify world? I just gotta handle something over the…
Macro rundown: initial jobless claims, existing home sales, the Jackson Hole tie bet
- 1:03:14 NatNat Yeah. I'll go through it again. So today today, initial jobless claims. Let's look at the numbers. Let's break it down. So the, the median forecast was 230,000. Previously, the previous numbers were 228,000. Okay? So…
- 1:05:54 Kool Yeah. It's it's gonna be interesting. It'll be interesting to see, but definitely looking forward to that. Yeah. So I I definitely love Matt Matt. She she she dropped the juice, man. So I appreciate you.
- 1:07:23 Dave like, that's... Why does it sound like the super... Why does sound like the Super Bowl? If the coach gets gray, purple fucking Gatorade spilled on them, it's... That's my bet.
Magic Eden ME token, NFTs as access, and OpenSea's decline
- 1:08:53 Dave Let's go. Okay. What was the next new story that I had up here? Oh, wait. Cool. I have a question for you. Before I even get into this next story, this just reminded me. Was about to do the next Magic Eden story…
- 1:14:00 Dave That's cool. Sorry. I was just clipping. Good shit. Cool. I appreciate that that that insight. I guess the reason why I was asking was, hold on one second. Ecosystem. The reason why I was asking was, Magic Eden just…
- 1:21:23 Dave So we're down to the last ten minutes. You want me to tell you a funny story, not not about the whole... About OpenSea and and the fraud that went on there. This this is crazy story that I was involved in. So do y'all…
Earnings options gamble, financial literacy and airdrop farming strategy
- 1:26:06 NatNat Exactly. And it happens in the stock market too. Like, even today, a lot of people do what's called, the earnings play and earnings bet. So you make a bet, you buy, I don't know, like, a 100,000 or or 200,000 in…
- 1:30:51 Dave I mean, you have 800,000. It's not like you're short on liquidity here. Like, what are you kidding me? Like, you can make some sizable plays and do really, really well.
- 1:39:17 Dave Love it. Appreciate it, man. Guys, I know... Oh, yeah. Penny closed us out, and then we're gonna close. Know we're ten minutes over.
Short excerpts from the auto-generated transcript. Listen on X for the full show.