Dave arrived late after falling asleep on another stage. The group then discussed Pavel Durov's arrest in France and its immediate impact on the TON blockchain which dropped from near $7 to around $5.
0:00:23Opening
NatNat shared the New York Times update citing an investigation into child pornography drug sales and fraud on Telegram. Dave compared the case to Ross Ulbricht and noted Pavel Durov's Tucker Carlson interview where he described US attempts to recruit a Telegram engineer for a backdoor. NatNat and Kool agreed the underlying motive is control of the tech not the stated charges. They compared the situation to BNB and CZ noting uncertainty for TON long term due to ongoing negative news.
0:18:01UAE demands that France give consular access to the Telegram CEO
0:19:35Whether platform builders should be liable
0:35:47How the nightly Thon story time spaces work
Dave expressed concern that India's CBDC pilot reaching 5,000,000 users lays groundwork for government control and data collection. Kool said the idea is good but governments will weaponize it while NatNat noted the RBI governor is proceeding with caution. The stablecoin market nearing $200,000,000,000 with PYUSD approaching $1,000,000,000 was seen as positive new money entering crypto by NatNat and evidence of coming bull run adoption by Kool.
0:36:51000 people
0:43:34000 and PYUSD grows toward $1
0:53:29Forbes' three reasons stablecoins could have a breakout year
Dave highlighted tokenized treasury funds crossing $2,000,000,000 with BlackRock's BUIDL leading. Kool viewed this as DeFi meeting TradFi and bullish for RWA aligned protocols like Ethereum Avalanche and Ondo Finance. NatNat broke down Jerome Powell's purple tie at Jackson Hole signaling dovish policy and upcoming NVIDIA earnings.
Kool sees AI and blockchain intersecting most in gaming and TradFi on chain. NatNat pointed to AI helping crypto startups with coding and building. NatNat reported Sony launching a Bitcoin and crypto exchange in Japan after acquiring Amber Japan plus its Soneium layer two on Ethereum. Kool explained Sony's move via Astar Network on the OP stack as companies seeking revenue from their own chains.
1:09:35Trading
1:19:25Notable stories and King Wabi on spaces and research
“they're a privacy focused platform. That's it. That's as simple as it gets.”
Dave0:19:35Share on X
“Stablecoins are massive on multiple chains. It's only gonna get bigger. It's not gonna slow down.”
Kool0:45:55Share on X
“So I think if regardless of how you spin it, whichever way you look at it, it's a positive sign for crypto for sure.”
NatNat0:47:10Share on X
“I think AI can be the great teacher, like, for generations to come.”
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Show discussion, not financial advice.
