All Things Crypto: Crypto Headlines

# All Things Crypto: Crypto Headlines | 2025-07-01 | https://x.com/i/spaces/1MYGNwVYPmzJw | status: approved
# Speaker attributions verified via X captions, ECAPA voiceprints, and on-air handoffs where marked confirmed.

[0:00:30] Dave @DCBK2LA: How bad did that music suck? Right? Oh my god. It's so bad.
[0:00:37] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. I couldn't hear any.
[0:00:39] AlphaGamer @AlphaGamer_sats: Wait. Really?
[0:00:40] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Not when I came in. No.
[0:00:43] Dave @DCBK2LA: Sweet. Alright. It's good to know that it's not fucking subjecting anybody to some shit
[0:00:47] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: ass Usually, it does, though. But... Yeah. No. But the minute you unmute, you're fine.
[0:00:52] Dave @DCBK2LA: Yeah. I'm gonna let you choose this, this music again today. You wanna you wanna do this or what?
[0:00:58] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: What?
[0:00:58] Dave @DCBK2LA: Yes. We're gonna chastise you afterwards. Like, give us... Give me some music. Do you wanna
[0:01:01] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: hear Big Pun?
[0:01:07] Dave @DCBK2LA: Like, not a player? Mhmm.
[0:01:11] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Don't wanna be a player. Okay.
[0:01:14] Dave @DCBK2LA: Okay, empress. Alright. Let me take these earbuds out so we can get the proper vision... The proper hearing. Excuse me.
[0:01:24] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: That's what I'm feeling there.
[0:01:29] Kool @koolcryptovc: Can you hear me?
[0:01:35] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Retweet to space, motherfuckers.
[0:01:47] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Are you playing music?
[0:01:59] Kool @koolcryptovc: Yeah. I'm not even...
[0:02:00] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Sounds like crap. Update your app, people.
[0:02:19] AlphaGamer @AlphaGamer_sats: Don't forget to brush your teeth in the morning and in the evening.
[0:02:24] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: We gonna talk about this bill. I think it was bread told me to get perplexity, broke that shit down. We gonna have all the fun today. I'm excited.
[0:02:35] Dave @DCBK2LA: Fred told you about perplexity? Is that what we're talking about right now?
[0:02:38] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. What? I just said that. I don't know. You left me unattended, and nobody else was talking. I do things when you're gone.
[0:02:46] Dave @DCBK2LA: Wait. Which... Don't want... What's the name of the song? Not I'm not a player. It's... What is it called? Make pun.
[0:02:58] Dave @DCBK2LA: I wanna be a player. No moment. I'm not
[0:03:00] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: a player. I just crashed the line.
[0:03:02] Dave @DCBK2LA: Oh, don't... Well, is that... Okay. Got it. That's different. That's different. That's different. Yo, my darling.
[0:06:26] Dave @DCBK2LA: God. It's so good. Empress, kudos to you on the song selection today.
[0:06:35] Dave @DCBK2LA: That shit
[0:06:36] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: is slut.
[0:06:38] Dave @DCBK2LA: Man, I haven't heard that in a minute. That was great. Better than that, man, no bullshit from last time. Right, Bildo? Thank... Excuse me. I love your date
[0:06:44] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: with All of my songs are amazing. Watch your mouth.
[0:06:49] Dave @DCBK2LA: What's your mouth? Cool crypto. What is good, bro?
[0:06:53] Kool @koolcryptovc: Hey. What's up? What's up, guys? Can can you hear me? Can you hear me?
[0:06:56] Dave @DCBK2LA: Yeah. We got you.
[0:06:57] Kool @koolcryptovc: Hey. Cool. Well, you know, how how you guys doing? I guess, today is what? Tuesday? Wednesday. Wednesday. Wednesday. Yeah. Happy Wednesday, man. Hope that's good. Okay. Yeah, man. Let's go. Let's go. Ready for the show. Let's go. Happy everybody's here. Let's do it. Let's go.
[0:07:11] Dave @DCBK2LA: Let's go. Wendy, what's up? What time of week?
[0:07:15] Landy @CryptoLandy: What's up, Dave? I hate to fact check you real quick. You're cool, but it's still Tuesday. Don't freak me out like that.
[0:07:22] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'm tired.
[0:07:23] Kool @koolcryptovc: No. No worries. It's Wednesday.
[0:07:24] Dave @DCBK2LA: No? Go. I let it go. Tuesday.
[0:07:26] Kool @koolcryptovc: It's Oh, you're right. Oh, shit. It's July 1. Yeah. First one. Yeah. It's Tuesday. Happy Tuesday. Let's go. Let's go. Go. I'm ready. Let's go. Let's do it. Happy Tuesday.
[0:07:35] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Do it. It. Do it every every... Yo.
[0:07:39] Landy @CryptoLandy: I got freaked the fuck out for a second. I'm like, oh my god. I missed my meetings this morning. You gotta be kidding me.
[0:07:48] Dave @DCBK2LA: It's so
[0:07:49] Landy @CryptoLandy: good, brother. I'm doing good now. Thank you.
[0:07:52] Dave @DCBK2LA: I had a little bit
[0:07:52] Voice F: of a heart
[0:07:53] Landy @CryptoLandy: attack there for a moment, but I'm doing good. Much better now.
[0:07:56] Dave @DCBK2LA: It's like, long ago was it that I spoke with Landy? Today's when?
[0:08:00] Voice F: My gosh. Time's flying out here.
[0:08:02] Dave @DCBK2LA: Good shit. Empress, what's up? How are you?
[0:08:08] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Amazing. Sunday. As far as I'm concerned, I don't fucking care. It's all the same.
[0:08:17] Dave @DCBK2LA: Y'all came y'all came with some serious shit today. Build over there with hat... Well, excuse me, with hat. Can you please ground these fucking people, please?
[0:08:25] Voice F: Happy Friday, everybody. I hope everybody enjoys their weekend.
[0:08:33] Dave @DCBK2LA: Goddamn it. I can't trust you guys for shit. Sunny d, Trav, it's been a long time apparently since I've spoken to you guys too. What's up?
[0:08:49] AlphaGamer @AlphaGamer_sats: Excited?
[0:08:51] Kool @koolcryptovc: You sound you
[0:08:52] Dave @DCBK2LA: sound thrilled.
[0:08:53] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Calm down with that excitement. Yeah. Seriously. Chilling.
[0:08:56] AlphaGamer @AlphaGamer_sats: Well, I tried to say in an exciting way.
[0:09:00] Voice F: Yeah. Somebody's happy with rock stars today.
[0:09:03] AlphaGamer @AlphaGamer_sats: Yes. Ready. I'm in my bathrobes, man, and I'm just rolling out of bed.
[0:09:08] Dave @DCBK2LA: Yo. Wait. Yo. Woah. Woah. Woah. Woah. Woah. Wait. Wait. TMI, bro. TMI. Don't hate
[0:09:16] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: the player. Leave him alone.
[0:09:17] Dave @DCBK2LA: You saw the picture. Right? Pin that shit to the top. His his excellency. Bro. That's in...
[0:09:23] AlphaGamer @AlphaGamer_sats: That's... You see my crown? Here we go.
[0:09:25] Kool @koolcryptovc: That's a that's a sweet whatever the fuck
[0:09:29] Dave @DCBK2LA: it is.
[0:09:30] Kool @koolcryptovc: The... Why do you guys, like, hold on. Why do guys take a p p p p a piece off in that? It's crazy. Like, I I I was like, oh, is that sorta d? I said, third p a p this week, bro.
[0:09:40] Dave @DCBK2LA: Hey. Listen. There's benefits. That's right. Fucking badge, bro.
[0:09:42] AlphaGamer @AlphaGamer_sats: You know what I'm saying?
[0:09:43] Voice F: Sometimes you just gotta break out.
[0:09:44] Landy @CryptoLandy: The poor puppet. Think about the poor puppet. Bill... Buildos with hat over here. I got freaked out, thought it was Wednesday for a hot second, and I couldn't recognize that that was Sunny d until he said something. So I'm all screwed up over here.
[0:10:01] Dave @DCBK2LA: Bow keeps disappearing and reappearing. Bow, what what are you doing?
[0:10:04] Voice H: Yo. What's going on? I'm playing, I don't know, schizophrenic, disappear, come back. No. I'm just vibing over here. What day is it? How are you guys doing?
[0:10:14] Dave @DCBK2LA: You don't know. Nobody knows out here, but, like, we have no fucking clue what's going on. We just fucking... I just put catchy titles in there. It's like, oh, sue network. Sweet. And you just happened to show up. This is fucking great. I love it. I when when I saw that... Yeah. Yeah. Yeah.
[0:10:27] Voice H: I was like, I'm just gonna pop my head in. I'm gonna sneak in, and then you you pulled me up in the face. So you know what? I can't I can't deny the opportunity to come and speak with you guys. And I heard big pun playing. I was like, man, I've raised my hand so fast because I love, you know... I fuck a lot. You know? I'm I'm not a player, though. Just wanna be quick. Yo.
[0:10:45] Dave @DCBK2LA: Yo. Bao came to play. And this is the... For at least, Joe, this is not a sponsored space, FYI. Although Sue should be definitely sponsoring us. But Joanna gave some fire fucking takes in the info five fucking space last week on Friday with Coma and Samara, who, by the way, are not present and are way too bougie. I can't even tag them anymore because they're like, yeah. I'm getting too many followers. I don't know what to do. I need to put my account on private. Fucking crybabies. Come back. Get rid of these two. What are they doing? Cool. Talk to your boys. Ridiculousness.
[0:11:18] Dave @DCBK2LA: Good to see everybody, Trav. What's good, bro?
[0:11:20] Trav @trav_4211: What up, Peyton? What up, everybody? Cool, Empress, Landy, Sunny d, or... What did you say your name was now?
[0:11:29] AlphaGamer @AlphaGamer_sats: His excellency.
[0:11:30] Voice F: His excellency.
[0:11:32] Landy @CryptoLandy: What the fuck?
[0:11:34] Dave @DCBK2LA: How you... What what is that PFP? I need to understand. What is that PFP? Like, it's like a... It looks like a egg with a fucking It is
[0:11:42] AlphaGamer @AlphaGamer_sats: a Tron bull, and it's a collection of, like, 15,000 that are in game playable characters in a PvP game on Tron.
[0:11:53] Dave @DCBK2LA: In that case, nobody slanders Justin Sun in this room. My man signs my paycheck, so I love that PFP. That is fucking beautiful. Love that PFP. Can you get It's a signal.
[0:12:05] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I think it's because it's one of their top meme coins.
[0:12:09] AlphaGamer @AlphaGamer_sats: No. It's not a meme coin, but it's... Or it's not affiliated with the meme coin. This was... This has been
[0:12:14] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: around for coin. Right? Do you? Do you?
[0:12:17] AlphaGamer @AlphaGamer_sats: There there is one, and I might have some of that. But this is for the NFT project because it's an in game playable character.
[0:12:25] Dave @DCBK2LA: Duh. Empress, get with the program. Obviously, meme coins can be
[0:12:29] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Did you hear the subtle, I might have some of that? Did you clock that, Dave? Give it the pro...
[0:12:34] Dave @DCBK2LA: Might have. Might have some of that. There's a might in there. Yeah. Soldium, new. Welcome. How are you? Engagement farmer or here to contribute?
[0:12:45] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Already, I bought some.
[0:12:47] Dave @DCBK2LA: I'm a. You have a question already? We didn't even start the show. We just saying what's up. Yeah. What's up,? You you
[0:12:59] Dave @DCBK2LA: Aight. Yo. Cool. Listen. We need to make an investment. Like, we need to we need to position Elon because, like, the Nigerian community has so much, like, alpha, but yet this... The Internet service... Like, we need Starlink in Nigeria, like, overhead $24.07, and we... Don't buy an... Don't buy another house. Cool. Instead of investing in a house, I think you need to invest back in the mother country and literally pay for Starlink for everybody.
[0:13:24] Kool @koolcryptovc: There is there is Starlink, man. People have Starlink. They they use that. I don't know. It just signals off and on. I mean, I I guess... I don't know. I don't know, bro.
[0:13:33] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: It looks like there's a wet blanket on his PFP, and it's interfering with his signal. What is that PFP?
[0:13:41] Dave @DCBK2LA: A wet blanket? What... Where did where that come from? A wet
[0:13:44] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: blanket? Blanket vibes. What is that that thing? It's kinda cute. I kinda wanna cuddle it.
[0:13:50] AlphaGamer @AlphaGamer_sats: Wait. Really? You wanna cuddle
[0:13:51] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: It looks cut... Doesn't it look cuddly, the POP? I mean, not the guy that's all muffled. I don't Like, the POP.
[0:13:58] AlphaGamer @AlphaGamer_sats: Like, a with, like, a bathrobe on.
[0:14:01] Dave @DCBK2LA: So I'm gonna need you to send me one of
[0:14:02] AlphaGamer @AlphaGamer_sats: those PFPs. If everyone wants
[0:14:03] Dave @DCBK2LA: to cuddle with it, I'm gonna need one of those. If I can switch on and off, bro, hook me up. Hit me in the DMs. Alright? Sweet. Thank you. Shout out to Mainzee in the Collectors Hub today. We had a killer fucking space with Sticker Shop cofounder Alex. It was absolutely incredible, aka chief marketing officer of the dogs community on Telegram, aka one of the fucking big shots over on TON and Telegram. So, yeah, man. Amazing space, Mainzey. I loved it. Great. Great. Great shit. Shout out to everybody else that's here consistently. Flaco, what's good? Angel, I see you, bro. Evolved. True media. I fucking miss you guys. I love the content you're putting out. Amazing stuff. Yeah. And everybody else since here chilling, man. I like this. We got a lot of new faces. This is good. Guys, share this out. Let's cook. What are we talking about for... Bow literally just like, I'm not a playhead. Just fuck a lot, but I'm keep dropping and come back and drop and come back. So we can come back with the Sue stuff in a minute, I guess. Let's talk about the the big beautiful bill. It's a it's a beautiful bill. It's a beautiful bill.
[0:15:03] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: You don't wanna end on that? You should end on that.
[0:15:06] Dave @DCBK2LA: End on what? Big beautiful bill? Oh, sue? Or big beautiful... Oh, now...... About me. Sure.
[0:15:17] Dave @DCBK2LA: It's the little things, guys.
[0:15:18] Voice F: Nobody...... Big beautiful bill, so I thought I'd... I you thought guys were talking about me.
[0:15:22] Dave @DCBK2LA: I didn't say big big beautiful bill with hat. I said big beautiful bill.
[0:15:29] Dave @DCBK2LA: Fine. I'll end on it. With... I thought you said big beautiful bull. Oh god. This is what we're
[0:15:36] AlphaGamer @AlphaGamer_sats: gonna do with this today? Big beautiful bulls.
[0:15:41] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Next time, I'm gonna go I'm gonna go off, and and then I'm gonna get all started. I'm
[0:15:44] Dave @DCBK2LA: gonna get momentum,
[0:15:45] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: and then you're gonna be like, we need to move on too, and then I'm just gonna get bothered.
[0:16:02] Dave @DCBK2LA: Let me open this up. Let me see. What exactly is TNQ token, and what exactly do they do? I'm sure nobody here has heard of TNQ token up until this very moment. Now granted, it's only a $100,000 in volume, but up 500%, I'm saying to myself, it's gotta be something. It's gotta be something here. Right? $2 to $10. Like, what is... Like, what's the deal here? Like, something's happening. I still don't know, actually. I still don't know. I gotta be honest. I put that last minute. Yeah. Yeah. $100,000 in volume. It's probably nothing. It might have just been filler. Good talk. Otherwise, Ethereum Foundation dumping fucking 35,000,000 while Fidelity picks up 25,000,000 in ETH. What do we think about this? I mean, I mean, Ethereum Foundation is constantly selling Ethereum. Let's be serious. Yes. Empress with hand raise.
[0:16:55] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'm just gonna ask, and he's probably gonna tell me to get fucked or he can't talk about it or maybe he really doesn't know. Like, Lenny, ultimately, the government needs Ethereum, the foundational layer. Like, honestly, truthfully, is the gold just... They're just trying to liquidate and get out of it and ultimately the government's just gonna take it over? Is that what's happening?
[0:17:17] Landy @CryptoLandy: Well, not government, but definitely seeing a lot of very large private entities. They get funded very heavily with public money that are going to be coming in and buying Ethereum and continuing to buy Ethereum. That was where things were targeted from, I wanna say, 2016 on. That was already kind of the play on Ethereum from the institutional side. And this is where, you know, a lot of the partnership... This is where I take issue with a lot of what Ripple has been doing, because they were the ones touting how they were gonna integrate with the banking system and all these financial institutions and all that stuff. When in reality, they they had a whole bunch of bunk deals and and half closed deals that weren't really in the cards for them. Whereas Ethereum was behind the scenes, and the ETH Foundation and Vitalik and many of the different builders of platforms on Ethereum were already behind the scenes courting all of these people, already had deals in place and future deals. So, you know, Ethereum is going to be a major player as the layer with its other layers like a cake on top of it that will be underpinning a lot of the financial system in the future, but it will not be the only player. It will not. It just... It's just not how things work. It's gonna be a business to business kind of a thing, but the largest players in the game are there. Yeah. It's gonna be... It... It's gonna be powering a lot of the rails, and it needs to be fixed at its base layer, and Vitalik knows that.
[0:19:05] Dave @DCBK2LA: Yeah. And Empress actually thinks like, I found something. This is it. I told you guys. No. It's not it. Those short sighted
[0:19:12] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Who are you talking about? I'm laughing because you didn't say anything. That's why I'm laughing.
[0:19:16] Dave @DCBK2LA: I'm talking about... No. Hold on a sec. I'm not saying you're laughing. I'm talking about what you put in the chat because you always chastise me. You're like, I put that in the chat yesterday. And I'm like, okay. I looked through the chat. I finally read the chat, but I got no response after my response to your response.
[0:19:29] Landy @CryptoLandy: Nothing. To my response, to Cole's response What happened?
[0:19:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: To Wait. Your response? Your response was... This is this is another thing, another symptom of people don't understand. I don't even think it's woman, man. I just think people don't speak my language. I say squirrel, and you guys talk about apples. My only point was it's a centralized for pineapples, actually. Pineapples. You... Thank god. But none of my business. Anyway, I'm just saying. All I said was it was going to be a centralized blockchain. That's all I said. That was my only point.
[0:20:05] Dave @DCBK2LA: You expect... Wait. Wait. Wait. Wait. You go first.
[0:20:10] Landy @CryptoLandy: It's already centralized. Who didn't think it was centralized to begin with?
[0:20:14] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Listen. All these fucking of people up... Yeah. Hold on. There's a whole panel up here. Hey, panel and listeners. Yesterday, Dave said they used weird language. I said, yeah. It's legalese because they were... They are going to have an extremely centralized blockchain because they have to adhere to even more regulation because they're too. That was the statement I But
[0:20:38] Landy @CryptoLandy: that's for their own change. Of course. Yeah.
[0:20:40] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Yeah. That's all I said yesterday. And you two have been going off on tangents... Side tangents for two days Oh
[0:20:46] Landy @CryptoLandy: my god. Because there is nuance in that conversation.
[0:20:51] Dave @DCBK2LA: She's lucky. I'm a let her slide on this one. I'm a let her slide just for the sake of everybody not listening
[0:20:56] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: on No.
[0:20:56] Landy @CryptoLandy: Because I'm not even
[0:20:57] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: gonna bickering funny. No. No. No. I not make just that statement?
[0:21:02] Dave @DCBK2LA: Then as your backup.
[0:21:04] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. They're right. Were right. You were You
[0:21:07] Landy @CryptoLandy: We're just adding context. That's all. You were you were 100% right. I was just adding context because it's never been decentralized. You could buy your way in.
[0:21:17] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Because if you buy your
[0:21:19] Landy @CryptoLandy: way in, the biggest player with the most amount of money that they can print up the fastest is going to be the one that takes it over, and that's every proof of stake chain on the planet. And that's just the way it is. That's just the way it is.
[0:21:34] Dave @DCBK2LA: Sorry. Things will never chase it. I think we could done without that for sure. Yo, Sunny d, how do like being backed up now? You see how Empress was cooking your ass? Yeah. One day she cooks, then the next day it's like, hey, Sunny d, Trav, you got my back on this one? I Yeah.
[0:21:50] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Oh, heaven forbid. I assume people can be objective.
[0:21:54] Voice F: Nah. Are you
[0:21:55] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: telling me I could not? Are you taking I
[0:21:58] Dave @DCBK2LA: object. Exactly. I totally object to all this nonsense. This crazy talk. Cool. What you do make of the Ethereum Foundation? We've been talking about this every fucking... I feel like every other day where it's like everybody's eating their lunch, but I still have the belief, like, it... They still need the mother chain at the end of the day. So how does this, like, remedy itself? What's the deal?
[0:22:16] Kool @koolcryptovc: No. They they they need to sell Eats to pay the bills, man. I mean, that's what they've been doing for a long time. I I I don't think it's it's necessarily bearish, man. As long as there's a buyer. Right? So if you're dumping, you'll find that's different. There's a buyer, and I I don't see what the big deal is. You see, they sold 34,000,000 for that stuff, and they they have a large amount of of Eats. So I don't I don't know why people keep involved Eats. Yeah. They they got they got a... You know, they paid their debts. They already, I think they they fired a whole whole bunch of people already. They, they did downsize, their foundation already. So they're trying to save money, man. This is... This is what businesses do. I mean, businesses sell stock. Crypto companies sell crypto to fund their debts, to fund their living, and it's not a big deal. As long as they don't sell all of the ETH and move on, you know, right, that's not what they're doing. So I I don't know why people people freak out. It's fascinating. But it's a business. The business sells, their, their assets to to keep the the company running, man, and I think that's what was happening. So it's not a
[0:23:21] Dave @DCBK2LA: big deal, though. I don't
[0:23:22] Kool @koolcryptovc: know why people think it's a big deal. It's not.
[0:23:26] Landy @CryptoLandy: Fair. They they sell cryptocurrency products there. Look. It'd be from Cryptocurrency technology according to Cryptocurrency technology. Sorry. Cryptocurrency tech... Technology. So that they can centralize their own blockchain. Yes. I 100% agree with that. When it comes to ETH, I do wanna say, don't fund my bags. I literally am migrating shit over there right now. So please be kind, empress. I literally just got done migrating a whole bunch of wallets with a whole bunch of cool shit in it, and I need Yth to survive. So, Yth, do great. You go, Yth.
[0:24:04] Dave @DCBK2LA: Oh, god. It's getting worse by the minute. I'm just going for it.
[0:24:09] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Motherfucking, I'm over here talking about bananas. Bitches still talking about pineapple. Squirrel? Not the... Yeah. Exactly. Motherfucking squirrels. Why would I fud this... Listen to me. I am not delusional. This shit is happening. I keep telling people that. I'm not over here being like, oh, freedom fighter, hippie granola cruncher, vegan bullshit. Like, I don't care. I've told everybody and their grandmother, you should be max profiting. You should be following the big money and paying attention to what is happening. I'm not fudding it. On the opposite, Landy, you and I have been in many, many spaces. They're... Eat to zero. We're big eat naysayers. Eat is fucked. Blah blah blah blah. I'm highlighting the fact they're stupid heads and that so much is being built. The foundational layer has to endure, and a lot of people are going to want to be over there. Freaking bananas. Y'all are on pineapple.
[0:25:16] AlphaGamer @AlphaGamer_sats: World bananas.
[0:25:19] Landy @CryptoLandy: You know, I... Dave, I'm gonna cut you off for just a second. Thank you, empress. My bags are finally gonna go up. I really do appreciate it. I thought that you were gonna open the mic and say, ETH is a slow cook to zero because that's what I keep hearing it everywhere I go, and we all know that Fidelity is not gonna let it go to zero.
[0:25:38] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Bro, I gotta shut a bag of MFers. There ain't no way I've ever said the words ETH is going to zero. That's wild.
[0:25:44] Landy @CryptoLandy: That. I'm just messing with you.
[0:25:47] Dave @DCBK2LA: Hey. Yo. Kathy Woods out here selling Coinbase at all time highs. Like, I'm being like, you know what? Fuck Coinbase. Like, I'm rotating now into the into the crypto technology.
[0:25:57] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Coinbase can blow me always. I will always say blow me Coinbase. Always. Suck me sideways Coinbase.
[0:26:05] Dave @DCBK2LA: Goddamn. Who's the guy at Coinbase we gotta talk to about this? Anybody else?
[0:26:11] Landy @CryptoLandy: Baldi Loves.
[0:26:12] Dave @DCBK2LA: Did anybody hear the Sunny d speaking of bananas comment? Nobody fucking picked up on that? You guys...
[0:26:18] Landy @CryptoLandy: Yes. I did....
[0:26:19] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Suck. Oh, it's so good....
[0:26:24] Voice F: Sunny d, that was good.
[0:26:25] AlphaGamer @AlphaGamer_sats: Also, Justin's one of the, largest holders of ETH, so he'll always save us.
[0:26:33] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I hate it here.
[0:26:35] Kool @koolcryptovc: Adi, and and and and ETH ETH ETH ETH is taking us coming too. Right? They they bought the pool, so that... That's another, you know, big bullish whatever for EAT. So I don't know if they were worried, man. Guys, like, every time EAT goes down, there's on sale. People would get scared. I'm like, bro, like, what do you mean? Like, do you need... All the biggest the big money buys in crypto, they buy and eat, of course. So, I mean, you... We we just heard yesterday, welcome. Brotherhood is launching on don't eat. It's not gonna stop. So I don't know if people get so embarrassed and stuff. It's crazy. But it it just... When when when things are red, they freak out. But it makes no sense. That makes no sense at all, man.
[0:27:16] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Is it already here?
[0:27:20] Dave @DCBK2LA: Yeah. So ETH staking is here, but we're talking about, like, ETH staking actually being recognized, like, on the TradFi side as well. That's a very different ballgame. You can definitely stake ETH. Right? Like, there's there's Lido and and a bunch of others, but ETH staking for institutions is the big deal and how they're being... How that's being classified.
[0:27:38] Landy @CryptoLandy: Oh. Right?
[0:27:38] Dave @DCBK2LA: Like, are they gonna be able to take... Yeah. Then this is where Landy comes up and says these fancy words like, rehypothecation and liquid staking tokens and yada yada, you know, eigen layer, blah blah blah. But
[0:27:49] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Oh, nah. We'll see why. Nah. It. Yeah.
[0:27:51] Landy @CryptoLandy: Catch me saying I get later. And look, cool. I'm not bearish on ETH at all. I'm just bullish on it going lower.
[0:28:01] Kool @koolcryptovc: Bro, that that exactly the same thing, bro. I thought it was one plus two. Whatever. I think the same thing. Holy cow. That is the same thing. Holy What? See, you... So because you change your words, means it's different, bro. That's the exact same thing, bro. That's cool. He said I'm just saying this shit going to zero. That's some dumbasses out there. To say it. By Bro, the way, for
[0:28:24] Landy @CryptoLandy: those in the audience, I'm not being serious. It... It's gonna range some more. That's all. Just let all the bigger players buy it. Get on base layer two and make money for real.
[0:28:35] Dave @DCBK2LA: Yeah. I mean... Yeah. Big deal. Microstrategy. Let's talk microstrategy. I'm looking at some of these stories, and it says Michael Sandler's microstrategy shocks Wall Street with $14,000,000,000 Bitcoin gains matching matching Amazon and JPMorgan as MSTR stock explodes 3130% since 2020. What fucking asset in five years has a simple... The simplest strategy? They took about... Like, you would think that there's all these intricate crazy strategies, but it's like, we're buying Bitcoin, and we're holding Bitcoin. We're flipping it for some arbitrage profit in between. But, like, MicroStrategy... I mean... And let's not make... Let's make no mistake. Add it to the S and P five hundred. S and P five hundred makes new all time highs. Markets are... Traffic markets are hitting new all time highs right now. Bitcoin is fueling, I mean, the entire... Like, I mean, every fucking financial economy at this point, the crypto economy and so on. But what I thought was interesting is if you guys saw in Con yesterday, like, with Vlad in the Robinhood event, on CNBC live, he said, it's time we move past Bitcoin and MemeCoins and start looking at, like, the real world utility for real world assets. So if that's not any inclination... And, of course, Robinhood yesterday hits all time fucking highs. Right? Like, these these stocks are cooking out here. Absolutely cooking. What do you guys make of the
[0:29:55] Kool @koolcryptovc: all time to move that coin? Bro. They they already they already... Like, he knows the future, but he see... Yo. We we heard, I think, Trump's son said the same thing at a conference, you know, whatever. He told me a conference, but these people see the future. They know what's coming, And that's the reason why they're going all in into... Not necessarily, like, token or just the the the tech. You do so much with this stuff, man. That's why these guys are... They wanna go all in in crypto. I'm not surprised, bro. And it's gonna happen. 100%. It's it's just a matter of time.
[0:30:31] Dave @DCBK2LA: Big facts. Yeah. I mean, just just listening to him, it's like... Now I feel like I'm hearing daddy Larry again. Right? Like, I mean, Larry's been talking about tokenization, tokenization, tokenization, and, you know, I know we kinda tailed off on the real world asset conversation ever since, you know, RIP, excuse me, cool, ever since the whole mantra debacle. But, like, maybe we need to really start having the RWA conversations again out here. No?
[0:30:54] Landy @CryptoLandy: Yes. Yes. More RWA. Yes. Absolutely. This is this is the final frontier. Right? We're already seeing it. You see exchanges already moving towards it. You see people on Solana getting rugged on fake RWA tokens. It's here. It's here to stay. It is it is on a path that is not going backwards. It's going forward. So it's only gonna progress. Right? And this links right into the whole stable coin conversation. They need the liquidity on chain in order to facilitate tokenization of your stocks. Right? So you have to have the other pair on liquidity because it's not just gonna be traded in US dollar, trash reserves. They're gonna trade it in US dollar stable trash reserves. So that is where it's it's headed, and there is so much happening right now in preparation for things like what the guidance is gonna be from the SEC going forward on these things, the Clarity Act, the Genius Act, the Bitcoin Act. I mean, treasury companies, you know, we've been talking about on a consistent basis. Saylor kicked it off, showed everybody the model, which is basically, hey. We're gonna put Bitcoin in the treasury and treat our stock like a shitcoin that you can trade, and you can never touch any of the Bitcoin or redeem for any of the Bitcoin. So we're basically like a spot ETF cash in cash out in kind. Right? So that is... Realistically, it's just shitcoinery in the stock market, which, by the way, shitcoins and shitcoinery, it was all cloned from the stock markets. Right? So it... This is just the same thing except we're gonna bolster with treasuries, and we're gonna sell stocks to fund up to buy more so that you buy more stock, and then that appreciates faster than the holdings and so on and so forth. And... Or we can just go and say, like, look at this how much our company's worth because we have this on our balance sheet. Invest more and then stock goes up. So it's that game, and it's gonna keep getting faster and faster and faster. And then you add in all of the stablecoins and RWAs and tokenization of assets that tokenize the world stuff. It's happening right in front of us, and it seems like it's slow motion, but it's actually very, very fast. It's happening, I think, faster than many have expected in the past. So, you know, it's... The conversation's gonna have to be had because pretty soon people are gonna be... I saw a banker. People trade... Trying to trade, tokenized stocks through a banker already. Now I don't know if those were the real contracts for those tokenized assets, but there's the announcement with the linking to Solana. It's it's here, and it ain't going away.
[0:33:42] Dave @DCBK2LA: Did you say that meme... TradFi world was the first to essentially write the blueprint on meme coins? The rip on Ferotech is now $2. I'm coming at you with one great idea. Okay? I only have, like, two or three of these a year, and I'm coming at you right now with one of them. Ferrotech is this amazing new pharmaceutical company. Andy, you know what the fuck I'm talking about. Yeah. The basement boiler room fucking pitch. That is the meme coin. For those that have ever watched Wolf of Wall Street, those are the pay... Those are the meme coins. Like, Ferro Tech is 10¢. Yeah. They're in stage three of FDA drug trials, and rumor has it, this is gonna fucking cure cancer. Can only get our 10,000 shares. Yeah. Get our coals out
[0:34:25] Landy @CryptoLandy: there. They just go on CNBC. Yo. This is the greatest thing ever. You gotta go get you something before it pops up. That's really what it is. That's all it is. TradFi invented this game. They're just now here to play in our in our little sandbox. They're like, they're like, I'll have fun, pat you on the head. And now they're like, hey. Do you guys actually need liquidity? Cool. Alright. I guess we'll come in and take everything over and centralize. What was
[0:34:51] Voice F: that there for? Veritech?
[0:34:54] Dave @DCBK2LA: Yeah. Exactly. Exactly. It's like, well, I'm curious. Why can't you sell me more than 10,000 shares? It's like, what?
[0:35:00] Kool @koolcryptovc: Or do do do you know that... Do you know that they, like, did... There was a time when they only had one person talk talk talk on CNBC, about about about crypto. It was it was Bitcoin only. Right? And it was, what? They had a... Maybe it's Scaramucci on and and, you know, and... Yeah. But that was it. That was it. But now we did have multiple, multiple Allcoin CEOs go over there. Talk. And and it's happened frequently now. This is gonna continue, man. It's it's it's very slow. It's very, very slow, but it's... There's gonna be a day when, you know, crypto's gonna dominate the the financial news. I I don't know when that... When when when that day is coming, it's gonna happen. And and that's why it's important to to think long term, because, like like, we're we're still so early, man. We're so so early. Like, it's so simple. When you walk down... If if you go to the store right now, just just go talk to someone, and they'll tell you they have no idea what what is or or or is. We're still so early, which is crazy to me. We we... We're in the Super Bowl, guys. We're the Super Bowl, and I I just... I can't wait till till the day where my mom, my grandma, or whatever, they're telling me about crypto, man. That that that that day is gonna come. Some... Someday. Someday,
[0:36:27] Dave @DCBK2LA: bro. Yeah. Landy, go for it.
[0:36:30] Landy @CryptoLandy: Alright. So in the next two years, you're likely gonna go and log in to a brokerage account, and you're gonna see a stake my portfolio button. And when you click that, you'll stake your portfolio for, like, between 79% yield. And here's the brilliant part about that. You're gonna have all the Weebles and Fidelitys and Charles Schwab's of the world battling over who's giving better staking yield for your entire portfolio. But you'll have to stake your entire portfolio, and they'll have the little t's and c's about all the risk and shit like that. And everyone's just gonna click stake, and you're gonna have liquid staking tokens representing your entire portfolio or re... While they rehypothecate... I can't speak. While they rehypothecate your entire portfolio in the background, thus doubling everything up. It's gonna be a beautifully rich world out there for those that actually know how to utilize crypto technology and understand what they're looking at when you get into the TradFi, and it's all gonna bleed over into the DeFi world too. They're gonna be everywhere.
[0:37:35] Kool @koolcryptovc: Everywhere. Say snake.
[0:37:37] Dave @DCBK2LA: Everywhere. I got this for you. Queued up, guys. Listen up.
[0:37:40] Voice F: You're real busy over there. So why don't I just send you out the information you requested about the firm? No. Wait. Wait. Wait. Wait. Wait. Wait. Forget the info. Forget the info. Let's talk about this now. What was the name of that drug again? Could you hold on for one second? I'm gonna get a a senior broker who's
[0:37:59] Dave @DCBK2LA: a little more familiar
[0:37:59] Voice F: with that particular stock. Right? Hold on a second.
[0:38:20] Dave @DCBK2LA: Is how you need to be closed.
[0:38:21] Voice F: Alright. Okay. So his name is doctor Jacobs, and I I I take from the sound of it. He's definitely I don't wanna hear
[0:38:27] Landy @CryptoLandy: it, kid.
[0:38:28] Voice F: Okay. Hi, doctor Jacobs. This is Chris Marlin over at JT Marlin. Marlin? Right. He's my father. He's my mother. So my associate tells me you're interested in one of our stocks. I will call her back. Yes. But MSC sounds like it might be interesting. Might be? Might be doesn't sell stock at the rate MSC is going for, doctor Jacobs. We're talking very high volume here. Oh, I still have to run it by my people. That's great, doc. If you wanna miss yet another opportunity here and watch your colleagues get rich doing clinical trials, then don't buy a share and hang up the phone. Well, hold on a second now. Didn't say that.
[0:39:03] Dave @DCBK2LA: I just
[0:39:03] Voice F: wanna talk about it. Honestly, doc, I don't have a time. This stock is blowing up right now. The whole firm's going nuts. Hold on. Let me open up the door to my office. See
[0:39:20] Voice F: that, doc? That's my trading floor. Now I have a million calls to make to a million other doctors who are already in the know. I can't walk through this right now. I'm sorry.
[0:39:34] Voice F: Oh, it's
[0:39:34] Dave @DCBK2LA: so good. The silence is golden.
[0:39:37] Voice F: Okay. Okay. Let's do this. Now since you're a new account, I cannot go any higher than 2,000 shares. I'm sorry. 2,000? Are you nuts? That is way beyond what I was thinking. 2,000? Jesus.
[0:39:53] Voice F: Listen. I'm curious. Why can't you sell me anymore than that? Well, we like to establish a relationship with our clients and something small. Before we get to the more serious trades, let me show you several percentage points on this small trade, and then we'll talk about doing future business.
[0:40:10] Kool @koolcryptovc: That sounds good.
[0:40:11] Voice F: Give me the 2,000 shares. Done. You sure you can't do any better on this one? I'm sorry, doctor Jacobs. I can't. I'm sorry. Oh, alright. We'll start with this trade then. Great. I promise we'll swing for the fences on the next one. Do you want that confirmation sent to your office or your mansion? Very funny, mister Marlin. Let me put my secretary on, and she'll take down your info. It was a pleasure doing business with you. Done and done.
[0:40:41] Dave @DCBK2LA: Oh god. I swear. I don't know. Maybe I'm just crazy, but I watch shit like that, and that is the shit that fucking... Oh my goodness. Yeah. Those are the guys. Those are the guys that invented... That's the meme coin invention right there. Okay? That's how it started. Penny stock pinching like fucking pitching bullshit. This is what it is, and now we're producing fucking a 127,000 coins on a weekly basis on Solana. So Good. Thanks, Candido.
[0:41:08] Landy @CryptoLandy: And and they open the doors, and everybody's, yeah. Oh my god. This is... Everybody's going crazy and shit. That is crypto Twitter right there whenever a fucking garbage ass shit coin drops and then pumps for five minutes and then dumps out, like, all the holy hell. That is exactly what that is. You can thank... Well, you can just thank market participants from TradFi for that.
[0:41:33] Dave @DCBK2LA: Okay. Back top. Back on track. Speaking of TradFi, Trump is literally ready to fucking fire aka moron, aka Jerome Powell, our Fed chairman, and the banks are now saying... And Polymarket's looking to follow too. They think a rate cut is coming, like, next next FOMC meeting. What the fuck is going on? Do you think they fire him before then and and are rate cuts coming in, like, ASA, like, next meeting guys? What do
[0:41:56] Kool @koolcryptovc: you say? Well, you you know, in those case, I was I was watching, it it was, the the press secretary for, Trump. He, she was she was was talking at the at the at the White House, man, and she was saying Trump wants one to 2% interest rates. I mean, I was I was cracking up when I heard that.
[0:42:15] Voice F: I was like,
[0:42:16] Kool @koolcryptovc: do do do you know what that means? One to 2% interest rates, we're going back to the, man. Because these will pump my house or houses as will be, what, like, 3,000,000 each. Like, it makes no sense. Like, so I... Like I said, I don't know. I I do agree they should cut rates. Maybe I don't I don't even... Honestly, bro, I have no idea anymore, man, because, like, things seems okay right now, man, I think. But it's just... I I don't like the fact that, you know, because the Fed is supposed to be independent of politics, man. But they cut rates three times, towards the election, so Biden put pressure on Powell to cut rates. So I don't know, man. It's just... I I I I wish they just leave politics out of this, but right now, rates are high. Rates are high. Buying a home is expensive. You don't borrow money. You don't borrow it. But you you you have to borrow money. The rates are really high. To buy a house, buy a car, To do anything, man, it's really high. By the same time, I mean, I I don't know, bro. I I just hope they don't, you know, do nothing crazy, but this pressure has been on for a long time, yeah, from Trump, and we'll see if this guy will keep his job. But what's crazy is I thought Trump can fire fire him. He he he was appointed. I don't I don't really get the pressure. It makes no sense, bro.
[0:43:35] Dave @DCBK2LA: I mean, look. With stablecoins coming down the pike, like, I mean, when you think about it, you know, maybe they're going less to the money printing machine because Biden was living in the basement fucking putting those fucking... Putting those plates on the machine being like, go. That machine was running twenty four seven with the amount that Biden was printing. So maybe he's onto something. I don't know, Landy.
[0:43:56] Landy @CryptoLandy: So it was Jill Biden as noted by the auto pen. It's clearly her signature. Biden Biden didn't know what was going on. He he probably wouldn't have allowed a lot of this shit. Even I was surprised at some of the shit that he was allowing. It's probably because he wasn't allowing it or wouldn't have allowed it without his wife sticking her stupid nose in there. Doctor Jill, not medical doctor. But either way, the the biggest thing about this is who makes money in the higher interest rate environments right now? The banks. Because they're they're... You're getting you're getting over the base rate for the treasuries that they have to hold, and it's fractional reserve anyway. And the biggest problem with this is that it's less about... Realistically, from the Trump point of view, it's about it's about easing up rates for everyone, right, including themselves because where is most of our spending going? It's on servicing that debt. Right? So if he can get that under control, that's way more cash in the coffers for other things, and that is likely what they're waiting for. So one of the big things... I don't wanna get into the one big beautiful bill. I've argued with Empress about a few pieces of it. There's a lot of really good stuff in it for tax wise. When you do tax credits
[0:45:22] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: and credits...... On docket. We're doing the big beautiful bill today.
[0:45:25] Landy @CryptoLandy: I know. But when you do... Let me let me just describe this because it's part of a bigger economic plan. Right? When you do tax credits, that's spending. Right? Because it's a credit back, right, on your taxes because it's gonna be earmarked as we're going to take this money, but we're going to credit it back. So when you do these tax cuts, it's seen as spending. And that is where the majority of the spending in the bill is. It's not all of it. There's there's probably about, 1,200,000,000,000 of the 1.6 in the actual spending that's stated there. We're not talking about the debt ceiling and all that shit, but the actual spending that's there. So when you think about that in combination with what they have floated more than a few times with the elimination of a 150 k to 200 k in federal income tax. Meaning that if your first 200 k or a 150 k, you're not paying taxes on to the IRS as personal income. Now if they manage to get this bill through, they do that and then lower rates. What they're... What that effectively does is it it removes a whole portion of allocated spending for debt servicing that allows them to actually do some of these things like cut the actual... Cut out the actual income tax for those 150 k earners and under or up to a 150 k and under. So if you're over a 150 k, you're just not paying for on personal gains. So, not personal gains, personal income. So when you combine that with what they're trying to do, you can kinda see the road map, that Basent has been laying out with tariffs and and the bill tax policy. And then, of course, the one key piece to that is they have to lower the debt servicing costs. So he really wants this to be cut. Now what is the reality? The reality is he cannot fire Powell. Powell was appointed by him, in fact, and confirmed by congress. Congress, it it... He can... There's ways... There is clauses in which he could get him out, and I bet you that's what they've been hinting at is we have these x y z ways that we can prove that you need to be removed because you're not you're not getting out of the problem. But Powell's been very good at covering his ass. So if anything, I do think that Powell may cut, but it's not because of the pressure from Trump, even though that is likely going to be the narrative. It's actually because the underlying economic data is improving, and he was very clear in his last speech in the q and a portion that if the trade deals are done and signed, he'd be much more comfortable with cutting because he understands how that's going to affect the underlying economic data. So, no, I don't think he's gonna get fired. I do think that he's gonna be out next year, but I also think that he's going to cut this year at least once, probably twice.
[0:48:35] Dave @DCBK2LA: I mean, Polymarket is looking... It's hinting towards me, bro, but, no, that was that was good insight. Definitely, definitely good insight. Yeah. We're gonna get to the big beautiful bill at the end. I got a bunch of other headlines that that I want us to go through because I'm really curious to hear kinda what you guys are taking on this. Animoca launched MochaChain, their test... Their q three test net. Chris is always telling us, get out there and go discover some stuff. Alright. Modular, a k a... That's the cool word. Right? Privacy centric, let's focus on that. You... Decentralized identity. And, yeah, of course, the MoCA token is good for gas and staking and not really much else. Full rollout coming in q four. Cool. Are you farming MoCA? Is there a farm for MoCA?
[0:49:22] Kool @koolcryptovc: Wait. Isn't that... No. I don't have mocha. Mocha. Mocha. I know mocha. I'm I'm a do anything about that one, bro.
[0:49:27] Dave @DCBK2LA: Damn. And the mocha.
[0:49:28] Voice F: Is that is
[0:49:29] Kool @koolcryptovc: that from is that from mocha mochaverse. Right?
[0:49:32] Dave @DCBK2LA: Yeah. So that's the that's the metaverse play, but mocha is the change.
[0:49:36] Kool @koolcryptovc: Yeah. Yeah. Yeah. I I know it, bro. I I wouldn't mess with that, bro. I can't hear everything, bro. There's too much coming on, man. Like, well, I didn't know all Mocha, though. I didn't know Mocha. I haven't drawn that one. No.
[0:49:48] Dave @DCBK2LA: Okay. Fair. Seems like nobody else wants a piece of this one either. Virtuals overhauls their points and their governance. So now everyone that's... We we talked about, you know, Koma and Kool talk about virtuals here all the time. I was heavy in the virtuals ecosystem. Landy, know you just started making ways there. Now they overhaul their points and governance, so now stakers are gonna earn VVAP, and they can vote which agent tokens get 10% of the daily rewards, which is kinda cool. On chain proposals are actually live right now for growth fund, sniper defense, and there's a grant pool, which I think is pretty fucking cool. Like, listen. Say what you want about the virtual's ecosystem, but they are constantly trying to innovate at the end of the day. They are constantly trying new things. They're they're tweaking the levers. They're pulling this and pulling that. Whatever is in their control to be able to kinda, like, switch and change up, look. They're willing to try, and I like it. Don't know. I'm a fan of actually trying, like, new things for sure. Little little little newness never hurt anybody. Brad, while you're here, what's up, bro? Give us the t l d r on that fucking seven mile long thing that you put in the chat.
[0:50:50] Bread @_ToastMalone: Yeah. It's a it's a marathon, not a sprint. You know what I mean? Not a... It's just... Yeah. Migrating to base, you know, they're kinda, like, been leaking and teasing some things about that lately, but there's a whole bunch of reward systems we're rolling out. I'm currently building a custom migration thing for everybody. And... Yeah, dude. It's onward and upward type shit. You know? I posted earlier that, in case anybody missed it, that that Billy won $200,000 in the month of June.
[0:51:22] Dave @DCBK2LA: What?
[0:51:22] Bread @_ToastMalone: So, yeah. The new the new algo is killing it. The new models are crushing.
[0:51:27] Dave @DCBK2LA: You know? So, like... $200.
[0:51:29] Bread @_ToastMalone: Yeah. Yeah. Yeah. So we're...
[0:51:31] Dave @DCBK2LA: Holy shit, bro. That's insane.
[0:51:33] Bread @_ToastMalone: Yeah. Dude, just betting betting tennis and table tennis and FIFA qualifiers, MLB, like, we're WNBA. Fateh, we're like, yeah. He's he's crushing it right now. And so we're ready to really start rolling this out and and benefiting the holders and and benefiting our early users, you know. Highly recommend going to billybets.ai and signing up. Be early. Don't be late, you know, kinda shit. And other than that, though, mean, shit, dude. Just getting ready to fly with two fucking kids to the East Coast this week, which is gonna be, yeah, an adventure to say
[0:52:08] Landy @CryptoLandy: the least. You know? But on
[0:52:10] Bread @_ToastMalone: the on the conversation, bro, I think we need more chains. Let's just keep spinning up fucking chains until, like, like, ultimately, we exhaust the entire ecosystem, the entire market. Like, let's just... Everybody. You know? Like, chain.fun. Let's fucking go.
[0:52:25] Dave @DCBK2LA: Guys, WagMe chain coming... I'm kidding. I'm kidding. Well, but not really, but eventually. I'm with you. Yeah. Guys, speaking of virtuals, obviously, Billy Betts on virtuals is a virtuals agent. Go sign... Like, literally, Yolanda, I think we gotta pick... Go, guys. I think we need to pick up a little bit more of a bag because I was reading through this whole thing, and it's like snapshot, between now and August 25 at some point, and they're gonna run it for a minute. So, yeah, I'm down. And and, Brad, we need to have a conversation about some other shit, that has come up recently in the last twenty four hours. So I definitely wanna chat with you about, you know, some some future stuff that maybe we could do, bro. Yeah. Good shit. Beautiful. Alright. What else? Kraken fires at Venmo and Cash App. The Krak, k r a k. Oh my god. Krak is not a token. It's a fucking money app, Landy. Holy crap. They actually named it Crack. New Crack money app with handle based transfers. Oh, that's smart. That's smart. Zero fees. No KYC for crypto. Exchange also lists first Bitcoin run in dog, and that was Friday, by the way. I didn't know we actually broke that news the other day. That was pretty money. But crack... The CrackMoney app, I feel like that's gonna kill in, like, you know, just, like, young culture. They're gonna be like, oh, yo, man. You got you got that CrackMoney app? It's like, yeah. I got the crack money up.
[0:53:41] Landy @CryptoLandy: Yo. You got that crack money, bro? Yo. You got that crack money? Yo. I told you to get that crack money, bro.
[0:53:55] Bread @_ToastMalone: That wasn't me. I'm not a cohost. I didn't mute anybody.
[0:53:59] Dave @DCBK2LA: It wasn't me either.
[0:54:03] Kool @koolcryptovc: Yeah. So so I'll send... Turn my big fingers, man. I'll send the the Alt plus Design, by the way. Alt plus Design. They they know they know exactly what they're doing with the... It's genius marketing. I don't know if people would would embrace it, but I think it's genius, I guess.
[0:54:19] Dave @DCBK2LA: I love it. I think it's great. I think, like, you need to you need to start talking to the people that are gonna be using these applications, and it's not us. We're not the majority. Right? Like, the the 35 plus. Right? Like, how I shaved off ten years. The 35 plus crew, okay, I'm just trying to include all of you. I'm trying to be inclusive here, is not the ones that are gonna be like, oh, the new crack money app. You know what I mean? Like, it's just not how it's gonna happen. Right? Like, we're children. We're products of the PayPal, Venmo, you know what I'm saying, Cash App generation because that's what we use when we were younger. It was like, oh, we get to transfer money, and this makes it easier, blah blah blah. The Crack Money app, I don't know. I like it.
[0:54:55] Landy @CryptoLandy: Dave And Yeah. I literally said to my wife just just a moment ago... Well well, Cole was trying to get everybody back unmuted. I said, hey, babe. Can you buy dog on crack? She's like, buy dog on crack. Is that a Solana shutter? Then I was like, no. It's the it's the the dog... The rune. You could buy it on the crack app. She's like, what
[0:55:20] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: the fuck are you talking about?
[0:55:24] Dave @DCBK2LA: Dog on crack.
[0:55:25] Landy @CryptoLandy: Like an insane person.
[0:55:27] Dave @DCBK2LA: Yeah. And, Empress has been quiet for way too long. I am so fucking scared. My next story is, AI token AI token sector rebounds, big movers there.
[0:55:43] Dave @DCBK2LA: God. I'm so fucking scared. Yeah. We had a lot of... Obviously, like, the AI tokens fucking bounced back. NFT sales, weekly sales hit a 126,000,000. That's a nineteen week high. NFT momentum is obviously starting to cook. CrossMint and Visa enable agent payments. Did y'all see this story? Agent payments, CrossMint and Visa. Remember how we talked about fucking Privy running the entire game? Brad, we were talking about this landing. Like, cool. A few weeks ago, we were like, yo. Like, is fucking running the game, and they were like, oh, but don't forget the competitors. You know, Crossman's good. Blah blah blah. Look at this now. Enable agent payments. I gotta get the full story. This was just obviously, like, a headline, but if anybody knows more about this one, feel free to chime in. I would love to hear it.
[0:56:25] Bread @_ToastMalone: Yeah, dude. Yeah. No. I've I've been deep in those trenches, man, talking with the team over at Crossman. Yeah. It's it's it's cool, man. It... It's another way... I mean, like, it's another version of some of the things that Privy can do, some of the things that... I mean, Alchemy has an agent SDK that enables the same stuff too. You know? And so it... It's... We're starting to see now more of these kind of the... What were in 2022 kind of ways for corporate bozos to play in web three, you know, and allow, yeah, fiat essentially, like, hey. Pay with a debit card, and it converts it to crypto and blah blah blah. And Crossman is honestly like... I'm a huge, huge Crossman fan. They were one of the early pioneers on that side of things and absolutely crushed it. TLDR, realistically, it's... They're called trusted execution environments, the TEs, and it... It's basically just spinning up custodial wallets on behalf of agents and signing delegate. You know, like, essentially, like, I give this agent wallet address permission to spend x amount of dollars out of my wallet for me. You know? And then once you have that permission signed, like a meta authorization or a delegate sign or, like, once that's signed, like... And it just operates off your parameters. You know, it'd be no different than telling an agent to, like, you know, go find me the best recipe for General Tso's chicken, you know.
[0:57:54] Dave @DCBK2LA: And then I like that.
[0:57:55] Bread @_ToastMalone: And then order it, you know. And it's like, oh, shit. Dope. Order it and use the... You know, use this info fi token I have, like, in my wallet, you know, swap that over for, you know, for for Tendi's. Like, let's go.
[0:58:06] Dave @DCBK2LA: Tendies. I love it. I love that. Good shit. SEC's Hester Pierce admits BTC ETF misstep. PumpFund two point o mobile launches. Oh god. Here we go. PumpFund two point o mobile. Perps are now coming to Coinbase. They see the writing on the wall. July 21, Coinbase is officially rolling out perps across the entire platform. That's gonna be fucking huge. And guess what? Khalshi and Brett, I know somehow this always keeps relating back to you. Khalshi, essentially, prediction market or betting market that you could literally bet on fucking anything raises a $185,000,000. That is... Bro, that is crazy talk. I remember talking to the Kalshi team. Yo. Cool. You know where? That's what I'm saying, man. Like, wolf, like, wolf... The wolf team knows what's up, bro. They had the Kalshi team on a... Probably a year, a year and a half ago, bro. I'm telling you, if y'all want some alpha in addition to this space, go listen to some of the crypto spaces and the sponsors that they have over there because Wolf gets fucking some of the most incredible... And that's a that's a crazy thing for me to say. Right? But I have nothing but respect for that team And the trad five fucking giants that have come through there, I mean, Zivo Finance that's now absolutely fucking cooking, Kalshi, like, some of these names, you learn a shit ton. I essentially want everybody here to get, like, a fully well rounded education at the end of the day, and we don't... We're not gonna be able to cover everything. Obviously, it's not the way it works, but you get... You can get some crazy alpha on the wolf channels, man. So shout out to Gab, Charlie, Cole, you, and the rest of the whole wolf crew because they are really, really... Like, they're... And I don't even think they know how impactful some of the fucking sponsors are, bro. That's the crazy part because Wolf is so into the TradFi world that he's like... He... Like, when I talked to him about crypto, like, this is good. Tell me what I need to buy. Like, what what about this? And I'm just like, that's wild. But the guys are going... Like, the companies are going there. Like, he's getting the movers and shakers, and he's getting them early. So I highly recommend going to listen to a lot of those different spaces. Okay. We have twenty eight minutes. I figured that's hopefully enough fucking time, to cover the the big beautiful bill, aka Landy and Empress, going at each other for the next twenty eight minutes and ding ding ding. And... No. Seriously. Big beautiful bill. Talk to me about it. Right? Like, from what I who is that? Build up... Oh, fucking got me too. I'm like, I'm not looking at the phone. I'm like, what the fuck? Who's this one? Ugh. Yeah. The one thing I do know is, BTC purchases of $600 and under tax exempt in the big beautiful bill. Other than that, it's probably gonna raise the debt ceiling by $5,000,000,000,000, but, Empress, please feel free. Go for it.
[1:01:01] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Well, let's address Mandy's little Houdini there about the, the tax breaks and how they come back around. The messaging has been that, average tax cut, it'll start saving middle to middle upper about 2,000 to 3,000 annually. It looks good. It's the usual side of hand. What it doesn't address is that who receives the lion's share of the total tax cuts. Most analysis show that the top 1% will probably be getting tens of thousands and upwards of $80,000 annually in tax savings due to this bill.
[1:01:42] Landy @CryptoLandy: Yes. I agree. Look. The ramp is is is not one that is desirable, but that's... It's better than what we've ever gotten in the past. One of the biggest things in a lot of the contention has been the CBO calculations. Right?
[1:01:59] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: It's better than what we have now?
[1:02:02] Dave @DCBK2LA: Yes.
[1:02:03] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: How? If they're getting an additional tens of thousands of dollars.
[1:02:07] Landy @CryptoLandy: Because everybody all the way through every income bracket is going to be getting a tax benefit because the way that the CBO......
[1:02:16] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: That. It's being offset by making it prohibitive from what you're cutting.
[1:02:21] Landy @CryptoLandy: Yes. Because the... What they're cutting is illegals off of the rules, and they're tightening up the rules around that. And it all has to do with illegals. Yes. It is. That... Cool. The premium tax credits, earned income tax credits, all of that stuff, including SNAP benefits, you actually look through the bill and the way that it's written, it is targeted towards illegals. And there's a lot of cleaning up of roles. For instance, double enrollment, dead people, all kinds of other things that are in this bill. Where where you're seeing the outsized benefit, by the way, for the taxes is part of the, what what is really raising that top 1% ceiling is the depreciation of assets, which is going to be a massive, massive one. So there's an entire bill that... The entire first portion of the of the bill is preventing tax hikes because there was tax hikes coming. So there's an extension on the lower tax rates, and that is for all but the top 37% bracket. They increased the standard deduction, child, tax credits, qualified business income deductions, and all that stuff. They can go down the list. It's all in there that... This was stuff that was that was, in Trump's original agenda last, term. The biggest ones here are going to be the depreciation of assets for production equipment. And this is all, you know, part of trying to get companies to move back to The United States. And it skews the bill horribly, and I think that that there is legitimate discourse around that. And, that's something that I don't think is ever gonna be addressed by congress, but we'll see.
[1:04:20] Dave @DCBK2LA: Let me give you the breakdown. Let me give let me give you maybe, like, the one liners. Right? So fresh... Essentially, you guys remember the Trump era tax cuts, some fresh deductions on... Tax cut deductions, you're able to now deduct tips over time, US made cars and seniors to Landy's point now, but it says, all temporary after eight. Immigration and border spending, 45,000,000,000 for ICE detention, 14,000,000,000 for deportation ops, and 50,000,000,000 for new wall fortifications. Safety net squeeze has deep cuts in work requirements for Medicaid and SNAP. Says up to 10,000,000 could lose coverage. Yo, Lindy, in the eyes of the government, I'm poor, bro. Like, I am extremely poor. Like, what do think? I'm on my But you have to look at They can't cut my shit, bro.
[1:05:04] Landy @CryptoLandy: Okay. The CBO numbers, if you actually go look what they're cutting, they're cutting the the specific areas of the bill, and I have to scroll back up because I was just reading some of the tax cut portions. For the areas that they're cutting, their... The Medicaid restrictions, the premium tax benefits, premium tax credits, earned income tax credits, all of this is being rolled in with existing roles that they're gonna be knocking people off of. So when they're calculating it now, they're calculating that as a tax on instead of a instead of a tax relief because what this is doing is this is squeezing off. It's all applies to illegal aliens. And when you look at the tightening of requirements, there are gonna be work requirements. And then if you look across those specific cuts, there is a lot of stuff in there that is going to be targeted at, the fraud, waste, and abuse portion because there were so many people that were double enrolled, so many people that had Social Security that were not legal aliens that they're cutting that stuff off. So it cuts you off the entire bracket for all of the different programs. And this is something that I've spent a lot of time on looking over because it's actually very important to me and many others like empress over here. And to...
[1:06:26] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Is empress gonna get to talk at all?
[1:06:29] Landy @CryptoLandy: Yeah. I mean, you can. I'll correct you though.
[1:06:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Now how many illegal immigrants do you allege are on Medicaid and health services?
[1:06:40] Landy @CryptoLandy: Well, across across all of those different programs, the estimation on Medicaid alone is 2,000,000.
[1:06:47] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Okay. The projection from various institutions, both private and public, is 10,900,000 people. 10.9.
[1:06:59] Dave @DCBK2LA: Total or immigrants?
[1:07:01] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. 10,900,000 people will be affected don't discriminate. From this
[1:07:06] Dave @DCBK2LA: Oh, yeah.
[1:07:07] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: These cuts. 10,900,000 people, which means that this targeted attack on immigrants is not written correctly, if that's the intent, or it's just that... It's just wrong. Because it's 10,900,000 across various institutions, private and public, that will be adversely affected as the bill stands, not illegal immigrants.
[1:07:34] Dave @DCBK2LA: Okay. But that doesn't necessarily mean that they're all immigrants. Yeah. There's a lot at the end of the day, but, like...
[1:07:38] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: But 2,000,000 is in even half of 10.9
[1:07:43] Landy @CryptoLandy: as of some Medicaid alone. We're not talking about
[1:07:46] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. No. No. This is the coverage of... Right. I'm talking about the social services piece.
[1:07:52] Landy @CryptoLandy: Yes.
[1:07:52] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Right. And so your assertion is the bill is targeting the... Because this is what the government is doing. This is what they one, they want people to believe that the tax cuts are beneficial across the board, but we're looking at an 80,000 tax cut benefit for the wealthy. We... They want us to believe that this is to fit their... The the Trump MAGA, we we the less educated, we only wanna target the immigrants. They want you to focus on that, but that's only 2,000,000 of the base that will be affected from the cutting of these services. But it's a 10,900,000 hit, and that's not even half of of an immigrant agenda. So hyper focusing on the immigrant aspect of it isn't accurate.
[1:08:35] Landy @CryptoLandy: It is accurate because when you're... The only estimation
[1:08:39] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: What about the 8,900,000 other low income American families? Do you know the one thing that has been pulled out of here as a positive for low income American families?
[1:08:54] Landy @CryptoLandy: Mhmm. Go ahead.
[1:08:57] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Oh, $1,000 savings plan for every baby born. What the fuck good is a thing in a bank when the baby can't get formula?
[1:09:09] Landy @CryptoLandy: That's the interesting thing.
[1:09:11] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Also, can... Oh, wait. And, also, here's the great one, guys. $41,000,000 allocated to a statue garden, by the way, guys. $41,000,000 in this bill for a statue garden, concrete statue of American heroes. $41,000,000 to statues.
[1:09:32] Landy @CryptoLandy: Okay. So you do realize that the child tax credit is being enhanced to $2,500 that was going to go away. That they were going to add... The taxes were going to go up for everyone, including including 15 k and on... 15 k and over earners or 15 k and under earners, you're gonna have to... You're gonna be paying more in
[1:09:56] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: federal income that those hikes were going to have less of an impact than these cuts?
[1:10:02] Landy @CryptoLandy: No. That's... Look. You're looking at JCT and CBM numbers, which lower
[1:10:07] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: across four different tools and the Internet and basic research as well because I knew that you would do that. And, also, you know I'm not stupid enough. You're not just gonna go to Wikipedia and come up here like an idiot. So I know that. Projecting that those tax hikes would... Could Because they would been a better gamble.
[1:10:24] Landy @CryptoLandy: Of the existing roles of illegals, and that's been estimated to be somewhere
[1:10:28] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: around 20 Not 10.5.
[1:10:30] Landy @CryptoLandy: Million. It's 2,000,000 just on Medicaid alone.
[1:10:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Medicaid alone. But we're we're talking about a low income, 10,900,000 people.
[1:10:37] Landy @CryptoLandy: Yes. And and out of that, like, the earned income tax credit. What is it being limited for? Illegal aliens. How about the premium tax credits? Illegal aliens.
[1:10:47] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: 2,000,000 people. What about the rest of the people, Vandy?
[1:10:49] Landy @CryptoLandy: It's not just 2,000,000. I do just Medicaid alone. This is across all social services,
[1:10:54] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: all government assistance plans. I'm talking about 10,900,000 low income Americans that don't give a fuck about the the... This this small subset while $80,000 more a month are lining the riches pockets and a $41,000,000 concrete statue garden is being built.
[1:11:17] Landy @CryptoLandy: First of all, that's not a good example.
[1:11:20] Dave @DCBK2LA: The concrete statue... The concrete statue, I I don't wanna go with. But point... I hear both your points. My mom did also call me and tell me. She said, Dave, you need to go start seeing all the doctors you need to see before any of this happens because the cuts actually might affect us because my ass is on Medicaid. So, ladies and gents, if you're on Medicaid, go make all the appointments that you need now. Go see your doctors. Do whatever you need to do. Not minimizing any of it, but also They're
[1:11:48] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: also imposing a $35 a month co pay probably on people who are on Medicaid. That... That's proposed. They're also... They had to redo, and they have still not restructured anything that is going to offset the rural hospitals and how they can fix that. They touted it as an injection, but it it didn't work. The reallocations that they have presented are supposed to line the pockets. I gotta pull up the thing to move into... They're supposed to be reallocations to make it better, but let's see. Current proposal automatically established an account for a thousand dollars. 40,000,000 National Garden. Here we go. Analysis. Here we go. Older adults particularly vulnerable to coverage under the Medicaid last thing, a r... AARP are the ones who are going to get hit the most in general. Our elderly people, I don't know if everybody's aware, their conditions are abhorrent already. Usually, the... Some of the grossest senior citizen public homes are absolutely important. So we start cutting the Medicaid funding for them on an exponential level, and I guarantee most of them aren't illegals. That... That's a huge health crisis in general.
[1:13:00] Landy @CryptoLandy: They're playing games. First of all, they're playing games with data, and this is how you can lie with data and statistics. Because in other areas of the bill, we are clearly seeing increases in all across the board for those that are elderly and those that are already on these programs. This is where I take issue with this because it's being couched by a lot of these organizations that are reviewing the bill that, by the way, positively positively reviewed the Democrat bills that were that were previously proposed that had money going overseas. No one was bitching about that at the time. You know what I think about splitting. Here's the here's the problem though. That that when you start looking at what... For everything from Medicaid to low income earners to EITC to premium tax credits to all of it, if you look at the language where it's targeted in the bill, not not other people's analysis of the bill. You actually look at the way it's written, which is what they have to follow now that it's signed. It is all targeting, for instance, duplicate duplicate EITCs. You have notifications that will go out a lot of this stuff even to those who are in violation of the new rules, and they will have a a response period. They're not just cutting people off of the rules. You have everything from what the JCT was saying is an estimated $120 average increase per year for anyone under $20,000, and that's bullshit.
[1:14:29] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Is there any... It targeting any wealthy individuals for being out of compliance for anything? Is there any... Is there...
[1:14:35] Landy @CryptoLandy: There's plenty of that stuff in the bill, but my point is that the the the the conversation isn't revolving around that because I do take issue with them getting far more than even the middle class because this... The the middle class is eating on the business side, not on the personal side. Right? So we have a ramp where they're trying to paint it as the poor are getting poor and the rich are getting richer, but they're ignoring the actual... What they're focusing on the poor are getting poor and the rich are
[1:15:02] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: getting richer. This is not a...
[1:15:03] Landy @CryptoLandy: And ignoring what's actually happening.
[1:15:04] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: This is happening. That is what that is that is mathematically written into this bill. The numbers It's here not mathematically corroborating that assertion.
[1:15:12] Landy @CryptoLandy: Statistics and
[1:15:13] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: statistics within the bill as the bill it is written. You worked in the bill? You've worked in so much stuff. Bill. I I need And then I go and I do the due diligence of people who are smarter than I because I don't presume to speak out my ass ever. And the numbers in the bill corroborate. It is designed to line the wealthy and squeeze the rich, and it is designed to do it in a way of sleight of hand. And the message being behind it, the hype behind that this is designed to fuck the immigrants when it clearly has a sweeping indication for low income families across the board, not just the immigrants, and hyping and high... And highlighting the immigrant agenda is propaganda at best.
[1:16:02] Landy @CryptoLandy: No. It's not. We're talking about crypto
[1:16:03] Dave @DCBK2LA: stuff. So both points heard. I got you both. At the end of the day, I also wanna highlight, like, the crypto amendment stuff, which, as they say in the... As they're stating in the bill is still fluid, but this actually passed by. Just so everybody knows how close this was, and this passed the house last month, two fifteen to two fourteen, and it just passed the senate today, 51 to 50. And JD Vance was literally, like, the deciding fucking the deciding fucking vote on this thing. So this is passed. I know Trump put a July 4 deadline, but the one thing... You wanna know what makes me really happy about this thing... About this bill? You know what it does? Everybody in crypto that used to say... Used the word wash sale, wash sale, it's a wash sale, had no fucking idea what a wash sale actually was. This is now gonna close that loophole and aligns crypto with equities. So thirty day wash sale limits extended to crypto to curb loss harvesting. It's tax harvesting. It's not painting the tape. Okay? So everybody is clear. Wash trading, okay, or wash sales are not, oh, we're buying this because they're giving us points. We're buying and selling and buying and selling. That's painting the tape, not wash trading. Wash trading is tax harvesting, but also loans. Lending your coins is now nontaxable in... If some... If certain terms are met. You can actually lend out your, obviously, like, your Bitcoin just like you do stock. Tax deferred, in terms of staking and mining until coins are sold, not when minted. That's a big one....
[1:17:33] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Protocols like you do that without a VPN anyways. Or am I wrong about that? I don't know.
[1:17:38] Dave @DCBK2LA: Do what?
[1:17:38] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: The lend... But... The lending protocols. Aren't... Don't you need a VPN for most of those?
[1:17:44] Dave @DCBK2LA: No. No. You can use them. Yeah. Would think so. Without a VPN.
[1:17:47] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Yeah. It might be because I'm over on Hyperliquid so much. Almost everything over there seems like it needs a VPN.
[1:17:54] Dave @DCBK2LA: I don't know how the VPN and and the and the and the lending kinda aspect of it. Isn't that more like VPN?
[1:17:59] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. I just mean the way to......
[1:18:00] Dave @DCBK2LA: Where you're at?
[1:18:02] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Never mind. Ignore me. Ignore me.
[1:18:04] Dave @DCBK2LA: Fair. Okay. You're good. No capital gains reporting on crypto payments. Less than $300 per transaction, and you get up to 5 k annual cap. I don't know what they're... Why they're stuck on this 5 k annual cap thing. It's, like, for everything. Every IRA did a contribution or deduction or this, it's always five k. Why five... Landy, why five k? I never understood this. Like, is there... Is five k, like, a specific number that they're, like, like, they choose for, like like
[1:18:29] Landy @CryptoLandy: To the nontaxable stuff you're talking about?
[1:18:31] Dave @DCBK2LA: Yeah. Yeah. The not... The no capital gains reporting.
[1:18:34] Landy @CryptoLandy: Yeah. Because... Well, you know, because, technically, total income over 15 k... If if it's under 15 k, it's technically up until... I think it was '22 or '23 was nonreportable. So this is this is part of, like, why the whole 15 k pisses me off because this this whole thing, you you didn't have to report. And then under the the previous bill that was the big bill that they passed, the innovation act or whatever it was, it it rolled in that you had to report, which means that you could potentially be taxed in the future as they were gonna ramp up the IRS. Well, you... Now if you make under 15 k, technically, you're not gonna be taxable. And under five k, if you can roll that in, you can get 20. They didn't want you going over 20 because they were, they were talking about this quite heavily. There was a bit of a debate that was happening over this because everyone that was there, on the crypto side wanted 15 and under nontaxable. So they settled on five k. I don't know if that's gonna be something that will increase or decrease in the future. They can always change it with a reconciliation bill, but now it's now it's codified. Right? So I don't know where that's gonna go from there.
[1:19:58] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Mandy, can we agree that whoever names these bills is an idiot?
[1:20:03] Landy @CryptoLandy: Well, I mean, they they have to have the... Here's what I would love to see, and this is something that Trump is right about. Even if you hate him and don't like what he does or says...
[1:20:13] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Can I be clear? I hate all presidents and all sides....
[1:20:16] Landy @CryptoLandy: Talking to you. I'm not talking to you. I'm talking to everybody just in general that we should not be passing omnibus bills. They should be individual bills debated on the floor and passed individually one goddamn section at a time. This is bullshit. I've been there. I've advocated. They they even want this, by the way, but they know they can't do it because of the special interests. And the special interest lobby for the crypto guys were like, hey. That 15 k, you know, we don't have to report shit. Now we do. How about we get 15 k for crypto income? And and I'm a... What what about us? How about we just double it?
[1:20:58] Dave @DCBK2LA: Am I... Landy, am I reporting for the... Am I am I switching parties to the America party, the Elon America party? Is parties to the --... The next election.
[1:21:07] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Sandy Empress party because we're the logic party. This is what... That's what's gonna be. Mhmm.
[1:21:13] Landy @CryptoLandy: And we can debate and actually respect each other when we're done because I do understand where she's coming from. And I I just don't... I've have enough experience in this department that I know where this stuff was going and where it was headed that... Look. I'm not happy about any bill that passes congress, but I'm not as unhappy with this one as I was with the previous one that really, really hurt. It really hurt a lot of people because when you have to... If you're in California... You know, in California, it's already expensive as hell. And now you've got a freaking report if you're making less than $15,000. It used to be you never had to report if you made less than $15,000. This removes that, by the way. If you make less than $15,000, now get with your CPA. Don't just take it from me. Right? I'm just a pukey puppet on stage. Who knows? Maybe I don't know shit about shit. Right? But get with your CPA or contact a tax professional. Under 15 k, it used to be you didn't have to report. And it used to be, in some cases, up to 20 k with qualified exemptions. And that's where we get the $5,000 in crypto. And then who just, which really famous investor just came out? Adviser guy just came out and said that you should have a sixty forty split with crypto, Dave. I just saw it yesterday.
[1:22:30] Dave @DCBK2LA: Maybe a cool news. Edelman. Edelman. Edelman. Rick Edelman. Is that... Was it him?
[1:22:35] Landy @CryptoLandy: Was it him?
[1:22:35] Dave @DCBK2LA: I thought it was somebody else.
[1:22:37] Landy @CryptoLandy: Yeah. Yeah. Okay. Yeah.
[1:22:38] Dave @DCBK2LA: So Edelman, 10 to 40% crypto allocation is what he was telling everybody at the conferences in
[1:22:43] Landy @CryptoLandy: That's a smart thing, especially if you're lower income. If you got a job, you're making less than 15 k, make that 5 k for free. Freaking get up to 20 k and build your bag with 5 k for free while you still That's a fact.
[1:22:57] Dave @DCBK2LA: We we got a new speaker. B Dixon, welcome, man. What's up?
[1:23:03] Dave @DCBK2LA: I'm good. Good day, everyone. It's good to it's good to be here. So, yeah, I actually joined not to really contribute to the topic.
[1:23:16] Kool @koolcryptovc: Since we're doing
[1:23:17] Dave @DCBK2LA: this In
[1:23:18] Kool @koolcryptovc: that case
[1:23:19] Landy @CryptoLandy: You don't wanna talk about salt deductions?
[1:23:21] Dave @DCBK2LA: Very much.
[1:23:22] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: We Oh, fucking god.
[1:23:23] Dave @DCBK2LA: Like, what What what the fuck is that? Like, hey. How you doing? I just came up here to waste some time and didn't really wanna contribute to
[1:23:31] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: any other topic. Girl that clapped everybody on stage and threw the peach sign up. I'm dying.
[1:23:37] Dave @DCBK2LA: Oh god. Hey. Okay. Hey, DMs Dixon. Come on. Yes. If you wanna get
[1:23:43] Landy @CryptoLandy: a car, there's gonna be no tax on on your
[1:23:45] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: car's interest. My That was the... On the one of three things, the car thing, the fucking savings thing. Yep. The... That was it.
[1:23:53] Landy @CryptoLandy: Oh, hold on. There's there's more. There's way more. There's no tax on tips. No tax on overtime.
[1:23:58] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Yep. That was it.
[1:23:59] Landy @CryptoLandy: Enhanced deduction for seniors. In hand... Well, they enhanced the deduction for seniors to $6.06 k. No tax on car loan interest. Employee provided childcare credit. That's actually that's actually
[1:24:11] Voice F: big one.
[1:24:12] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I...... Car. If you work for someone.
[1:24:15] Landy @CryptoLandy: Paid family and medical leave, adoption credit enhancement. By the way, this actually is very helpful. I've been looking to adopt. I've been looking to buy a child as well. Like, expand the five twenty nine account account uses. That's actually really good. Charitable conservation deduct... Deductions. Employer student loan payments. This is actually a much bigger one than people realize. So that's something that I think kinda goes by the side and then all the choice arrangement credits. Those two are really, really big for just normal families. Now a lot of this is focused on families, and that's where... You know?
[1:24:55] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Dave, it's not fair. He's cleaning up the... All the all the work that I did. He's cleaning it all up right now, Dave. It's not fair.
[1:25:03] Landy @CryptoLandy: You can you can take me to task, but I'm gonna hit you right back because I'm telling you, I know this shit inside now. I was there. I debated this shit. I freaking I literally hated it. And I don't love everything that's in here, Empress, and you know that goddamn it.
[1:25:17] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I know. I know that. That's why I don't know why you're so vehemently cleaning it up.
[1:25:22] Landy @CryptoLandy: Because it's... It bugs me that the data that they're putting out there the roles of over 20,000,000 that we know, 10,000,000 confirmed, 20,000,000 that we suspect, I should say, that are on the roles for various social... They're they're basically... That's it's it's social programs in general when you take it in its aggregate. And they're lumping it in and saying, you Americans are gonna lose and you... No. You know what it is? But they are. What everyone's gonna get that's lower income empress, this is the reality of it and the way that it's gonna play out, is you're gonna get something even if you make $15,000. Right? The problem is is you're gonna get, like, $10 while the rich guy gets 80,000. Alright? That's really what it comes down to, and that's not the way that it
[1:26:10] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: should dollars for $35 co pay. Like, it's it's it's not gonna work. Like, it it... It's gonna be bad.
[1:26:19] Landy @CryptoLandy: Like It's it's actually more like 1,200, so you'll be able to afford the $35 co pay. But that's not the point. I understand your point, and I'm with you on it. And I will go there, and I will carry a sign that
[1:26:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: says fuck... Can you just carry my stick figure? Can you get a t shirt made? Put my stick figure on it?
[1:26:38] Dave @DCBK2LA: Fee pick.
[1:26:39] Landy @CryptoLandy: Just the fee.
[1:26:40] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Fee pick.
[1:26:41] AlphaGamer @AlphaGamer_sats: The to abolishing the IRS? Where did that go?
[1:26:44] Landy @CryptoLandy: That's a... So... Thank you, Sunny. Thank you. Because this is something that... What I was just saying earlier, when he's getting on Jay Powell's case, this is still a very big agenda point for the Trump administration. Now I think...
[1:27:04] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Why do we need to abolish the IRS? We just wrote $80,000 into the rich people's plan. You guys are good. The IRS ain't a problem anymore.
[1:27:11] Dave @DCBK2LA: You gotta get rid of more of them.
[1:27:13] Voice F: No. No.
[1:27:13] Dave @DCBK2LA: No. Get them to retire.
[1:27:14] Landy @CryptoLandy: I... I'm talking about... I don't think they can ever abolish the IRS. Not... At least not in this four years and probably not in the next eight to twelve. So the... There is a very big push now that this has passed, that they want to start pushing for the 150 k, and there's many that are pushing for the 200 k and under personal income tax liability being completely wiped. That that... And the reason why Trump didn't want them to put any of that into this bill is because they would have fucked with it. So he kept it off to the side and said that he
[1:27:52] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: wants to pass independently. You did not just say that. You did not just go off on a rant about omnibus bills and then talk to me about the rich guy priority being a separate bill while we rip apart the social services for poor people.
[1:28:06] Landy @CryptoLandy: It has to be. You can't pass that. You cannot pass that as part of an omnibus. And they tried to stick it in. This is my point. The... In the house version of this bill, they tried to stick in. It was 75 it was $75,000 as nontaxable income up to $75,000 for personal income. They tried to stick it into the house bill. As soon as the thousand and they squatted it down. I'm I'm being serious though. This is this is actually if you take the totality
[1:28:38] Dave @DCBK2LA: of the plan...... Stick it in twice.
[1:28:39] Landy @CryptoLandy: Three times. The the... I'm super serial, guys. Super serial. You've actually threw me off my game. Holy shit.
[1:28:50] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: You're thinking you're you're thinking get it.
[1:28:52] Landy @CryptoLandy: Listen. I'm super cereal and you gotta understand.
[1:28:56] Dave @DCBK2LA: Listen. No. Listen.
[1:28:57] Kool @koolcryptovc: Have you seen my sticker?
[1:28:59] Landy @CryptoLandy: Oh, wait. Yeah. Wait.
[1:29:00] Landy @CryptoLandy: What was... What do I owe $5 for? Is it... Listen. I owe probably, like, a $100. Listen.
[1:29:07] Dave @DCBK2LA: That's the emperor's
[1:29:08] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: fucking... Listen. Don't
[1:29:11] Kool @koolcryptovc: know who got it from Blue
[1:29:12] Landy @CryptoLandy: actually at this point, but this has to be passed separately. And I don't know if he's gonna do it via executive order because I don't know if congress is actually gonna pass it. The main reason that they wanted to stick it into the omnibus bill is because they wanted it to gut... Be gussed up... Gussied up.
[1:29:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Mhmm.
[1:29:34] Dave @DCBK2LA: The more you say that, the less serious we're gonna take you, Jordy.
[1:29:37] Landy @CryptoLandy: But by the more
[1:29:38] Dave @DCBK2LA: you say stick it... No.
[1:29:40] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: You said stick it
[1:29:41] Dave @DCBK2LA: in. Sticking
[1:29:42] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: in. Sticking it in.
[1:29:44] Landy @CryptoLandy: Sticking it in. In. Wanted to pull it out.
[1:29:46] Dave @DCBK2LA: Sticking it to us. Sticking...
[1:29:47] Landy @CryptoLandy: They wanted to pull it out and then shoot her all over the place and say that we did this. Look at us.
[1:29:53] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Would you say this is your money shot? Are you taking the money shot with it? This was... Yes.
[1:29:58] Landy @CryptoLandy: This would have been the money shot. Oh my god.
[1:30:01] Dave @DCBK2LA: This is the money shot. This is what it is. Oh gosh. Cool. I need you to check your DMs. Please check your DMs. Cool crypto. And, yeah, ladies and gentlemen, I'd love to continue this conversation. Actually, I wouldn't, to be perfectly honest. I love you all. That's it for today. I have a million and one other things that I need to do. We are working on a lot of moving parts in the background. There is some crazy shit cooking, so hopefully, we'll have some news for you guys shortly. But, yeah, you know we'll be back here tomorrow. Happy Friday. Hope everyone has a great weekend. Wait a minute. It's Tuesday, guys. We'll see you guys tomorrow. It's Wednesday. And, Meta Beast, wherever you are, you're fired. Let's
[1:30:43] Kool @koolcryptovc: go fucking.