Dave welcomed everyone to ATC and introduced Junie, who previewed the episode topics. The group discussed the Mantra OM token collapse that erased billions in market cap as it dropped from six dollars to around fifty cents. Dave noted the project had been viewed as a strong RWA play before the sudden crash.
Kool described his loss on OM and expressed frustration that a blockchain project could collapse in an hour. Landy, Kkoma and others highlighted low liquidity risks, VC slow rugs and concerns around RWA tokenomics and valuation methods.
0:12:12Kool @koolcryptovc on personal $60k loss and industry implications
0:21:32Timeline of the OM crash, Binance/OKX activity
0:23:03Oracles, and on-chain investigation
0:34:13Kool on unchanged portfolio conviction and need for better liquidity awareness
The panel covered MicroStrategy's latest Bitcoin purchases and its convertible note structure. CKCardano and Landy explained the debt is years away and can be repaid in shares while noting media spin. Michael detailed volatility arbitrage behind the notes and said systemic risk to Bitcoin appears limited as large buyers would likely step in OTC.
Michael introduced Velvet as a cross chain AI trading and portfolio management platform live on Sonic, Base, Solana and others. He explained its AI copilot for market insights, price predictions and strategy optimization plus public portfolios that earn fees. Dave, Landy and Michael discussed potential Stacks integration citing SBTC and USDH liquidity along with strong community builders.
1:08:17Bitcoin L2s
The group examined Meanwhile protocol which raised forty million dollars for BTC denominated life insurance and annuities to protect against inflation. Landy and Kool viewed it positively as a way to expand Bitcoin use while stressing the need to review mechanics. MetaBeast closed with updates on stablecoin legislation, a New York crypto payments bill and Walmart's metaverse growth in Roblox, Minecraft and Spatial.
“$60 down on on Mantra Mantra. 60 k gone.”
Kool0:17:36Share on X
“This is the guy that was... He bought he bought NFTs, open markets, and gave it away.”
“I don't know if you've ever heard what somebody sounds like when... Right after they lose fucking $60. That is not it normally.”
Dave0:20:32Share on X
“I'm holding to zero, bro... Valhalla or zero.”
“most people don't understand what RWAs are. Some are prima facie securities. Some are glorified GoFundMe campaigns.”
Landy0:44:04Share on X
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Show discussion, not financial advice.
