ATC: Is Ethereum Really Dead? One Number Gives a Clear Answer

# ATC: Is Ethereum Really Dead? One Number Gives a Clear Answer | 2026-07-06 | https://x.com/i/spaces/1yJAPPeaprLGb | status: approved
# Speaker attributions verified via X captions, ECAPA voiceprints, and on-air handoffs where marked confirmed.

[0:01:39] Voice F: Hey, Monica.
[0:01:43] Voice F: Hello. How are you?
[0:01:46] NatNat @Natnatx007: Pretty good. Last minute change. Dave is gonna be running a little bit late, so he asked if I can run the show today at least until he comes in.
[0:01:57] Moni @monitalan: Very cool. Happy Monday. Happy fourth of July. Late... Belated. Fourth of July.
[0:02:04] NatNat @Natnatx007: Yes. Happy happy belated fourth to you too. What a game.
[0:02:09] Moni @monitalan: I know. But my little team couldn't do it.
[0:02:15] NatNat @Natnatx007: Do you think Ronaldo retires now?
[0:02:18] Moni @monitalan: I don't. You know what? He has said no. In fact, he said he could play another World Cup. Everybody says he can't, but I don't know. We'll see. I think he's one of those players, Brady, that they don't wanna retire. Right? Like, we saw Serena Williams' back She kinda was like, there's these players that this is their life. They don't wanna leave.
[0:02:46] Voice E: So I
[0:02:46] NatNat @Natnatx007: don't know. Yeah. I can definitely see that. I I saw some... What it was... Who was it yesterday that announced his retirement after they lost? Oh, from Brazil.
[0:02:58] Moni @monitalan: Oh, yes. Neymar. Right?
[0:03:00] NatNat @Natnatx007: Yes. It's sad. I I thought he would've, you know, continued to play because he's still so young.
[0:03:07] Moni @monitalan: He is. But I think he's injured, and I think he probably makes more money doing this. So I don't think he has a passion for the games at other place. I I mean, he he may, but I don't think he he... I don't think he has the, you know, message Ronaldo type club. I mean, for Mexico, Achua retired, and they had already announced a new coach, thank god, who's a former player. So, you we'll see a lot of changes.
[0:03:36] NatNat @Natnatx007: Yeah. Because Mexico had, like, a million chances yesterday. They dominated in the last fifteen minutes. They So remind me. I
[0:03:48] Moni @monitalan: was like, oh my god. Why are we doing the same play over and over? Like, can't you tell you're not gonna score? But they were very good. And I love... You know what? It has warmed my heart. I was gonna do a post. Just, you know, there is so much criticism about Mexico, about the noise before the match, which, by the way, people were like, they were there all night. They were there fifteen minutes, and then the cops came and got them out. And they were paid by a YouTuber, which means it even works, the people that were there by the hotel. But just the lovely messages all these Brits fans have sent out about Mexico, even the team, about how well they were treated and just the hospitality. It's been nice because there's been so much negativity, right, about Mexico. So it's been lovely to see that.
[0:04:42] NatNat @Natnatx007: Did we lose you? Did I lose him? No. Okay. Yep. Sorry. So I do think... It was a tough game to watch, but I think the team does have a lot of grit. But we'll see how that continues to play out. I think we saw a lot of good talent. We're seeing a lot of good young talent in the World Cup. So the next four years are gonna be very interesting too.
[0:05:04] Moni @monitalan: Yeah. It's a young team. So, like, the 17 year old player from Mexico supposedly now has an offer from our... Arsenal, which I think is fantastic. I think we need more of a Mexico team players to go abroad. They play for local teams. I think that will help them grow a lot, right, to go to Europe, to to go to one of the big, like, Premier League or something like that. But, anyway, we'll see. It's been fun. But you also saw the the guy... The the goalkeeper from Copavera, like, who's 40, just got recruited by Miami. So I think that's one of the most amazing stories for the World Cup.
[0:05:39] NatNat @Natnatx007: Yeah. I agree. You never know who's watching. Right?
[0:05:42] Moni @monitalan: Yes. So it's... I I think a lot of... For these young kids from different teams, right, different countries, it's a great way to be recruited. So that's cool too.
[0:05:54] NatNat @Natnatx007: Yep. Agreed. 1000%. But I see we have Ryan, and we have Landy here. Ryan, how are you?
[0:06:05] NatNat @Natnatx007: Is it me? I can't
[0:06:06] Ryan @Rlad1776: hear him.
[0:06:07] NatNat @Natnatx007: It's... Yeah. I can't hear Oh, he's the one And I
[0:06:10] Moni @monitalan: see him as a listener. I only see me as a speaker, but maybe me.
[0:06:15] Ryan @Rlad1776: Right. I I I got kicked off, or or the app kicked me off. But I just want to... What Mona said, I wanted to give a shout out. I made up a new word because, apparently, that's what I'm being called by all the TA trader guys. I'm a grunk, which is a grandpa uncle. And shout out to that goaltender who's 40 and his grunk status, and much love to all the grunks.
[0:06:45] Moni @monitalan: See, even at 40, you can be recruited in soccer. So
[0:06:50] NatNat @Natnatx007: I mean, I I think talent talent is ageless. Right? There's this this actress who became famous in her forties as well in one of the Jane Bonds movies. So you just never know.
[0:07:03] Moni @monitalan: Yeah. That was this guy. I mean, this guy... I think Messi said we need him. I mean, he didn't let Messi score right until... I mean, he he didn't let him score as much as he could have. But That's true. But The US plays today, so that should be a good game. It should be a
[0:07:21] Ryan @Rlad1776: Messi is Messi... Is this his last as well?
[0:07:24] Moni @monitalan: I don't... I I think so. But, again, these guys don't wanna retire.
[0:07:30] Ryan @Rlad1776: I don't know. Crazy. Like, Neymar, Ronaldo, and
[0:07:34] Moni @monitalan: And Messi retire. Yeah.
[0:07:38] NatNat @Natnatx007: Yeah. But I do have a question. But before I ask, I mean, the question, I'm gonna bring in the government profit because they have to do... It's a government question. So, I mean, it's not... The nonofficial government profit. Landy,. Happy
[0:07:54] Landy @CryptoLandy: 200 birthday, America, and to the panel. I hope everybody had a wonderful and safe fourth of July weekend. I am extremely jet lagged and tired, but I am back home after a freaking incredible, incredible trip. One of... One where I didn't have to do anything. I just hung out with the family, and it was awesome. So, yeah, I'm I'm here for all the Ethereum is dead talk. I'm here to say told you so about Bitcoin's price. I'm I'm... Yeah. I'm I'm ready to go.
[0:08:36] Ryan @Rlad1776: Hey, Lainie. Can I just say it was a very safe and secure two fiftieth for me? But I used the time to shoot, Roman candles at my children, so not so much for them. Well... But it was fun.
[0:08:48] Landy @CryptoLandy: That is technically an unapproved approved use of Roman candles.
[0:08:54] Ryan @Rlad1776: Yeah. We were throwing a football around, and I overthrew them. And then I used it to light the Roman candle, and he didn't know what was coming at him.
[0:09:01] NatNat @Natnatx007: But Are they okay? Yeah. Are are they are they fine?
[0:09:05] Ryan @Rlad1776: The younger got a little scorched. But, yeah, the older one little? Is much more elusive than I had anticipated.
[0:09:11] NatNat @Natnatx007: I mean,
[0:09:13] Landy @CryptoLandy: I don't know
[0:09:13] NatNat @Natnatx007: if I should be, you know, neutral or concerned. I don't know.
[0:09:19] Ryan @Rlad1776: Oh, don't be concerned. We've been doing this for years.
[0:09:23] Moni @monitalan: That's so fun.
[0:09:24] Ryan @Rlad1776: Because they hit it to me one year, and I got hit right in the ass, and I still have the burn mark.
[0:09:28] Moni @monitalan: Oh, no. Oh my goodness.
[0:09:31] Ryan @Rlad1776: I wasn't naked. I had I had shorts on just so far.
[0:09:34] Moni @monitalan: No. No. We imagined that. I don't think any of us
[0:09:38] NatNat @Natnatx007: We believe you're
[0:09:39] Moni @monitalan: are naked. We believe you. But, no, I think your question to Landy is about football. Right?
[0:09:46] NatNat @Natnatx007: It it so I had... I did not know that the... Or I don't know if this is true. Right? Because you see stuff on X and you see it on social media, and a lot of these stories, they're exaggerated, and some of them are not truthful. So did did Trump make the phone call to reinstate, one of the players for tonight's game?
[0:10:13] Landy @CryptoLandy: He called FIFA and said, what the hell is that penalty? I mean, hell, if I was in that position, I would have done that too. What do you mean that's a red card for him? That's bullshit. He didn't foul anybody. And they went and they reviewed it, they found that he didn't actually commit the foul, and they took the red card back. They also did this with another player too. So this is not the the first capitulation
[0:10:36] Moni @monitalan: we've Well,
[0:10:38] NatNat @Natnatx007: they did it with Ronaldo. No?
[0:10:40] Landy @CryptoLandy: Yeah. And another player. I don't remember the other player's name.
[0:10:43] NatNat @Natnatx007: Well... And if you go back to...
[0:10:44] Ryan @Rlad1776: I think it was one game or two games ago, one game or two with Argentina, Messi did the exact same thing.
[0:10:51] Moni @monitalan: Oh my god. He did.
[0:10:52] NatNat @Natnatx007: And he didn't
[0:10:53] Moni @monitalan: get any cards.
[0:10:53] NatNat @Natnatx007: And he
[0:10:54] Ryan @Rlad1776: and he didn't even get a he didn't even get a card.
[0:10:56] NatNat @Natnatx007: So Yeah.
[0:10:57] Moni @monitalan: But by the way, but Messi is a favorite. Like, they they don't... For some reason, they don't give him
[0:11:02] Landy @CryptoLandy: Yeah.
[0:11:03] Moni @monitalan: Well, it should be our fault.
[0:11:04] Landy @CryptoLandy: Ronaldo Ronaldo is a much better player. Anyway, before we go down that road any further, because I'm not a Messi fan. I'm a Ronaldo fan. Oh. Yeah. No. Screw Messi. He's an asshole. Have you ever met him before? Oh, no. That's right. Because he wouldn't give you the damn time of day. At least Ronaldo would.
[0:11:22] Moni @monitalan: Ronaldo would, but I haven't met either. Anyway
[0:11:25] Landy @CryptoLandy: Ronaldo is cool. He actually is... He will give you the time of day. He will talk to you. He will... He spends time with fans. Mess... I mean, there's plenty of compilation videos, but, like, in in actuality. So real... Realistically, what this sets is a precedent. That means that the next time that they declare an interception when it was not an interception during a Bills game and then decide to call it differently in every other game subsequent to that, I expect Donald Trump to make a phone call to Roger Goodell for the NFL and get that damn thing overturned because this is BS, and we know that FIFA will fold. So, you know, Goodell, looking at you, bro.
[0:12:08] NatNat @Natnatx007: It's gonna make tonight's game very interesting, man, because imagine USA loses.
[0:12:16] Landy @CryptoLandy: Imagine USA versus England and USA beating the ever loving crap out of them 250 to zero. That would be amazing. Hey. You saw the the Webster's dictionary joke. Right?
[0:12:32] Moni @monitalan: Oh my god. That was
[0:12:33] Landy @CryptoLandy: so funny. Oh, I...
[0:12:35] Moni @monitalan: I don't know if you guys saw it. I'll look for it, but I laughed. I don't laughed.
[0:12:39] Landy @CryptoLandy: Yeah. You gotta post it. You gotta post it, Ronnie, because...
[0:12:42] NatNat @Natnatx007: I didn't see it. What was it?
[0:12:44] Landy @CryptoLandy: So, basically, it says why did why did, you know, why did they spell it canceled with two l's in in Britland... In Britain and one l in The United States because we gave him that l in 1776.
[0:13:00] NatNat @Natnatx007: Wow. That's insane.
[0:13:03] Landy @CryptoLandy: It was a it was a good one. That was based.
[0:13:06] Moni @monitalan: I just shared it. I know. I had to look twice if it was, like, the real very Webster dictionary or if it was, like, some crazy account, and I laugh. I forget that they actually do really good posts.
[0:13:19] Landy @CryptoLandy: Yes. That social media manager needs a raise immediately. That's a bonus right there going viral for that.
[0:13:27] Ryan @Rlad1776: The bat... The Babylon Bee to me is the greatest. Like, I don't know if you guys follow that, but, you know, he just come... It's like the onion. Right? Just, like, random, crazy, stupid, funny headlines. If you don't follow it, you should because I I I crack up at least four times a day. But, Nat, you what?
[0:13:45] Landy @CryptoLandy: If you wanna be sad, Ryan, if you wanna be sad Yeah. Because I need more of
[0:13:49] Ryan @Rlad1776: that in my life.
[0:13:49] Landy @CryptoLandy: Follow not the b. Follow not the b to be really depressed
[0:14:08] Ryan @Rlad1776: there's so much on the timeline, and I don't... Like, I didn't hear Trump come out and say that he actually called anybody.
[0:14:15] Moni @monitalan: He said he called... No. He did say
[0:14:17] NatNat @Natnatx007: today during the
[0:14:18] Moni @monitalan: press conference. He did make the call, but he called because he he wanted to understand understand the the call. Call. Like, he never asked for them to do what they did. We don't know what happened, obviously. But I do... I know.
[0:14:30] Landy @CryptoLandy: Hold on. Hold on, Mody. But if he was like, hey. You know how there's that report of him saying, like, he was in negotiations with one of the Taliban leaders or something, and he was like, showed him a picture of his of his house. And he was like, he just... You know, it's a threat basically to kill him, and he just showed him a picture of his house and then walked out like the boss. What if he did that to the FIFA
[0:14:52] Moni @monitalan: organization? I think it was. I know. Well... But it's not funny because I do think that, unfortunately, what this is causing is a domino effect of... Now all these countries saying, wait. Look at this call. Wait. We shouldn't have that yellow card for the next match. And so it's causing all of this chaos. I understand that it was not a red card, by the way, but I do think that the chaos we're gonna see for the next few days is gonna be a lot. And there are gonna be a lot of questions of when do you
[0:15:20] Ryan @Rlad1776: But he came out
[0:15:20] Moni @monitalan: and said a call and he changed it.
[0:15:22] Ryan @Rlad1776: Came out today and he said that he called them today or... Because because it was it was suspended yesterday?
[0:15:30] Moni @monitalan: No. No. Today during the press conference, he said he did
[0:15:33] Ryan @Rlad1776: make make a call. Okay.
[0:15:34] Moni @monitalan: And they're the situation.
[0:15:36] Landy @CryptoLandy: Yeah. He he said I never asked them to do anything. He's like, just wanted to know why because that didn't look like a foul. And
[0:15:44] Voice E: Right. And he was
[0:15:45] Landy @CryptoLandy: like he was like, I I was happy with the decision they made, yada yada yada. He's like, but I know I never asked them to overturn it.
[0:15:51] Ryan @Rlad1776: Yeah. And, like, I could go back to the Croatia game and scream bloody murder. Nobody called
[0:15:55] NatNat @Natnatx007: for Croatia.
[0:15:55] Moni @monitalan: Well, that's why Croatia is now saying, wait. Starting now all these teams. FIFA's gonna have their hands full for the next two weeks with people asking questions about every call. But, anyway, I think... Look. It is what it is. I think everybody needs to move on. The decision has been made.
[0:16:12] Ryan @Rlad1776: I'm not a fan of of all the... This video replay shit. Like, if if you're gonna do it do it that way, then don't even have referees on the field. It drives me nuts in baseball. I mean, I'm old school from from that standpoint, but, like, you can challenge balls and... Like, it it just it's it's not the way the game should be played. Like, if you're gonna have people... Umpires and and referees and, like you continue
[0:16:39] Landy @CryptoLandy: before you continue down that path, let's go ahead and take a water break real quick, and then we'll we'll pick this up later.
[0:16:46] Ryan @Rlad1776: Oh my god. Here we go.
[0:16:49] Moni @monitalan: Anyway, I think overall... Look. But but I agree. I think this is gonna... I think they're gonna have to set very clear rules of when they can do this. Supposedly, there's an article that says they can do this. This this is the way they did it for Ronaldo. But, look, FIFA's FIFA, and they're gonna do whatever they wanna do. I don't know what Brett... I don't know if Brett's on stage to see what he thinks, but I just think it's... Yeah. I think, unfortunately, if The US wins, some people will say, well, was it a real... You know, there's gonna be questions, but there's always a question around everything.
[0:17:26] Landy @CryptoLandy: Should deflate some soccer balls?
[0:17:30] Moni @monitalan: What? But look, I don't think England beats Norway. I may be... Like, I think everybody thinks they will, but I think Norway advances. And so I don't think the US against England will happen. That's...
[0:17:45] Ryan @Rlad1776: Tell me Norway doesn't have, like like, the second greatest...
[0:17:49] Moni @monitalan: He is... I mean, did you... There's some...
[0:17:52] Ryan @Rlad1776: No. But think that that that that celebration after they win...
[0:17:55] Moni @monitalan: Oh my god. That's the best. Oh, I'm gonna show... Did you guys see their, like, the armed forces during the row? I'll share it. It's, like, the best video, like, from all different groups doing it. It's really cool.
[0:18:07] NatNat @Natnatx007: Yeah. What's very interesting about, Noren, and we'll we'll... I'll say this real quick, and then we'll welcome bits of wealth. Do you guys remember last space? Last week, actually, we had, we were talking about the Panini NFT, all of the NFTs that have been selling out for a massive amount of money.
[0:18:26] Ryan @Rlad1776: Oh, boy. How much did mama spend?
[0:18:29] NatNat @Natnatx007: Oh, so Norway. I don't... What... How do you pronounce it? Is it Holland or Holland?
[0:18:35] Ryan @Rlad1776: It's Holland. Holland. Yes.
[0:18:38] NatNat @Natnatx007: His his... Some of his NFTs sold for, like, massive amount of money,
[0:18:43] Moni @monitalan: like, 100. I should have bought... I should have tried to buy that one. I love it.
[0:18:46] Landy @CryptoLandy: Oh, you're talking about Holaland.
[0:18:49] NatNat @Natnatx007: Oh, it's for me. It's Holaland.
[0:18:50] Moni @monitalan: Yeah. No.
[0:18:51] Ryan @Rlad1776: No. You're... Oh, you're talking about the player, Holaland. Yeah. Yeah.
[0:18:54] NatNat @Natnatx007: Yeah. H a l a a n d. I know how to spell Holland, Mayan. Just
[0:18:59] Ryan @Rlad1776: No. I... But it sounded like you were asking. I'm sorry, Nat.
[0:19:03] NatNat @Natnatx007: It's
[0:19:04] Ryan @Rlad1776: It's Hovland. It's it's Hovland. The the the v is silent.
[0:19:09] NatNat @Natnatx007: Yeah. Thank you, Ryan.
[0:19:12] Ryan @Rlad1776: Sorry, Nat. I was not... I didn't... That was not me being a jokester.
[0:19:17] Moni @monitalan: I think you're actually asking about who
[0:19:18] Landy @CryptoLandy: names are wild.
[0:19:22] NatNat @Natnatx007: These NFTs, guys, I'm telling you, and it wasn't just one. It was, like, 10 or 50, a whole bunch of NFTs that sold for a lot, a lot of money. And a lot of people that sold those for, like, these big games, they bought them at, like, $10, $200. It was a big ROI. Yeah. It's a big ROI right now going on in the Panini.
[0:19:42] Moni @monitalan: Good. That's awesome. Hey, Nat. Do you watch... Do you guys watch it on Telemundo? I love so much because the the guy calling the game was like, did... Is it... Would the Norway team have Vikings create those t shirts? You can't even understand the numbers. I love Spanish language.
[0:20:02] NatNat @Natnatx007: Oh, it's it's so funny.
[0:20:04] Moni @monitalan: It's so funny. They're so funny.
[0:20:06] NatNat @Natnatx007: They are. But let's welcome bits of... Wow. Bits. Yo.
[0:20:15] Voice E: You guys ready for some toxic masculinity, or what are we doing? Yes.
[0:20:18] Moni @monitalan: I'm hoping yes.
[0:20:22] NatNat @Natnatx007: I'm here for it. Oh, boy.
[0:20:24] Landy @CryptoLandy: That's why I logged on today.
[0:20:25] NatNat @Natnatx007: That's exactly
[0:20:26] Voice E: right. Dude, this this whole thing with, with Belgium is crazy. You you know what I actually think at this point would be the most epic and American thing that they could do is, in my opinion, if they said, you know what? We're gonna sit him out anyways even though he's been allowed to play, and we're still gonna kick your asses. Like, that would be epic for them to do something like that because then there'd be zero excuses. Right? I think it's a little funny that that there is this much crying about playing a team, with all of their players. I think that's kind of interesting. It's like, well, you came into the World Cup knowing that you might play these teams at full capacity, like, with, you know, with with with everyone on board. So I think that's a little silly, but at the same time, I mean, I I am... Like, where where I'm torn is that there are rules, and you have to find a middle ground somewhere. So I think the problem is maybe there's just too much, too much inconsistency with, like, the way they've called certain things that that's what's making it tough. Right? So if anything, I don't know. May... Maybe the takeaway from all of this is that FIFA needs to get a little more clear on their own rules, on what they're willing to enforce, and then also in how they train the referees and and stuff like that. But, yeah, I don't know. It's it's it's a... I I think you guys brought up some good points where it's like, if they win, I think there's gonna be a lot of hate of... Well...
[0:22:08] NatNat @Natnatx007: Uh-oh. Uh-oh. He was talking... You... Did not like what he was about to say.
[0:22:13] Moni @monitalan: That's not good.... Was fine. Yeah.
[0:22:17] Landy @CryptoLandy: Pretty... You guys are quick...
[0:22:18] Moni @monitalan: That's that's FIFA muting him. I'm just kidding.
[0:22:21] Ryan @Rlad1776: Yes. FIFA did not like that. But I'll give you guys a quick story. So I've actually got a really good friend who's a... Who is a Major League umpire. And back when they started using, video analysis of all the calls, balls and strikes, before they rolled out the box, the square box that you see and yada yada yada. He actually... He... I don't know whether he was just as good or this lucky or whatever, but but 98% of all of his ball and strike calls were accurate. They actually were based on the analysis. So they promoted him up. And, effectively, what he does is he analyzes and evaluates every single umpire, throughout the course of the year. And based on how they score, and where they rank is whether or not they get to do either playoff games or ultimately the World Series. And it seems to me like FIFA probably needs to instill something like that. And it and it really did change the game now. And, you know, until now, got the the ability to challenge and the yada yada yada. Like, I mean, the best people are getting the games, and they should do something very similar for FIFA, in my opinion. But I'm only a casual soccer fan, Olympics and World Cup.
[0:23:53] NatNat @Natnatx007: That's actually a really great point. I'm curious to see if, Bits has any take on that. Bits, are you back? I don't know if I would... Did I cut off, or did I not?
[0:24:02] Voice E: Like, I don't even know what's happening anymore.
[0:24:04] NatNat @Natnatx007: Yeah. Cut off. It was like you were talking. You were about to, like, get into, like, the nitty gritty and then see if I did not like what you were about to say, so they, like, pulled the plug on you.
[0:24:13] Voice E: Well, then I don't even know what
[0:24:14] Landy @CryptoLandy: y'all heard or didn't. No.
[0:24:15] NatNat @Natnatx007: We were right the point where
[0:24:16] Ryan @Rlad1776: you where you were about to go
[0:24:18] Landy @CryptoLandy: full talk
[0:24:18] Moni @monitalan: to them.
[0:24:19] Ryan @Rlad1776: We... It
[0:24:20] Landy @CryptoLandy: was in... And that's where
[0:24:22] Ryan @Rlad1776: it cut off.
[0:24:23] NatNat @Natnatx007: Oh, man. Yeah. I don't even know anymore. I don't even know anymore. Is your is your... Did your account really get, like, hacked or screwed up?
[0:24:33] Ryan @Rlad1776: Are you shadow banned? Or
[0:24:35] NatNat @Natnatx007: I don't know. I don't
[0:24:36] Voice E: know what's up with my thing. I'm not hacked.
[0:24:38] NatNat @Natnatx007: I know I'm not hacked, but... Yeah. I don't know.
[0:24:42] Ryan @Rlad1776: I got something I got something from that dude. Who's the guy that's running Ansem? That that token? Like,
[0:24:52] Voice E: you... Who launched it,
[0:24:52] Moni @monitalan: you mean? Or what do mean? Ansem. Right? ASOM launched his token ASOM.
[0:24:56] Ryan @Rlad1776: Is that who it is?
[0:24:58] Landy @CryptoLandy: Yeah. No.
[0:24:58] Voice E: Not the I think someone deployed it for
[0:25:00] NatNat @Natnatx007: him, though.
[0:25:01] Moni @monitalan: I mean, that's his... That's who has said. Right? He's the one to promote. Oh, no. Somebody launched it for him.
[0:25:06] Voice E: Someone launched it for him, Monica. But but he's, I mean, he's, like, the... He's the face of it. Right? He's promoting it.
[0:25:12] Moni @monitalan: Yeah. He... They they sent him some. Right? I don't know.
[0:25:15] Voice E: Yeah. He... He's got, yeah, he's got most of the supply. Because I... I've been...
[0:25:18] Ryan @Rlad1776: Like, I got three DMs from somebody claiming to be him as, like, three soul, and I'm like, I go, yeah. Okay. No. I'm not clicking on that. Like, what what are we doing here? So I don't even know what the hell is going on, but, there's all kinds of shitty shit happening right now. Memes... Or or alt season's about to kick off 100. People are looking to get rid of their bags. We are full on.
[0:25:49] NatNat @Natnatx007: Yeah. Nothing screams all season like these drainer links sent to your to your inbox.
[0:25:54] Ryan @Rlad1776: 100.
[0:25:56] NatNat @Natnatx007: I think we lost bits again. I don't know what's going on. Bits, are you with us? I think I'm here, but I don't know.
[0:26:03] Ryan @Rlad1776: We got you, bits.
[0:26:05] NatNat @Natnatx007: Yeah.
[0:26:05] Voice E: I don't know what's happening anymore.
[0:26:07] NatNat @Natnatx007: So far, I I see I see you're back. I see you're back. But I I do have a a question because I... And, again, this is... Before before we go into all the stories, there has been a lot of talk again on the timeline with regards to the press conference earlier. Right? One being the situation with the world... With the World Cup. Right? But the second being Trump said about the markets. Right? How he said... What he said about those that were shorting the markets that he's he's very, very bullish markets in general, including crypto. So, Landy, since you are not officially, you know, non nongovernment puppet, wanted to know, you know, your takes on it. Is there anyone else that wanted to chime in? Because I think this is a very interesting, point in time that that we're in. And I think if you're on the right side, it can be extremely profitable.
[0:27:02] Landy @CryptoLandy: Well, I'm sure you saw on Friday and then over the weekend a little bit all of the, I guess, hand wringing about the CDS, which is, you know, your your debt spread. Right? So credit default swaps going up, which is essentially, like... When you think about it, like, against the crash going up on various tickers, clean spark and a few others. Right? Even even SpaceX and a and a couple of others just starting to go parabolic. So that became the the talk all of, like, end of Thursday, end of Friday, and then over the weekend, which, you know, honestly, is a bet that things are going to not go so well for some of these particular players. And then that turned into a conversation about the bubble is here and it's gonna pop. And reality is that, one, credit spreads on credit default swaps are not anything that crazy. They rose quickly. But what does that really signify? What that signifies is that there is palpable fear, and there is OTC money being put down to hedge against that. Right? So... But it's not so systemic and market wide that it's, like, anything too crazy. And, also, the the the BPS that it went up is not that not that crazy yet. And Trump is correct in that a lot of people are betting on the short side, and I've been looking for a consolidation near the highs. That's pretty much what we got if you just wanna look at spy. And one thing that we've been noting here for a while, and I've been talking about is watch the internal market rotation. When we have been looking at risk off rotation of markets, you know, we see Bitcoin in the furthest end of cryptocurrencies take a down... Downturn. Right? But then what we've been seeing in the stock market is a lot of semiconductors and other things, a lot of profit being taken and then rolled into high quality dividend paying low PE ratio stocks. So it's interesting to watch that internal rotation because what has that been doing? It's been sending the Dow Jones higher while we've seen Nasdaq and SPY kind of go sideways, have a bigger correction down, and then kinda go sideways in a wider range. That I've mentioned a few times, you need to be very, very aware of this forming a range like what it did before it dumped out q one to q two of this year, q one to q two of last year. Obviously, different magnitudes for those dumps, but, also, a lot of people forget that it wasn't just q one to q two last year where we saw that big 22% move down in, like, SPY and Nasdaq and so on and so forth. But we saw the q three to q four dump off as well, the end of summer dump. So be aware that that might very well play out again. We're starting to get that structure, that consolidation. If we don't actually get substantial closes above, like, seven sixty to seven sixty five on dailies that move into weeklies for SPY, be aware that it could just be... Even if it's making higher highs slightly, that it could be winding up for an unwind to the downside. But he's right in that shorts are getting absolutely destroyed. I mean, look at all of the high profile people that have been calling for this market to absolutely crash 3040% since, he was elected. Right?
[0:30:58] Ryan @Rlad1776: Hey, Landy. Are you talking credit default swaps, or are you talking SOFR?
[0:31:02] Landy @CryptoLandy: Credit default swaps on specific tickers rose aggressively, and that was the talk from Thursday, Friday through the weekend.
[0:31:12] Ryan @Rlad1776: Okay.
[0:31:12] Landy @CryptoLandy: Right? Because it was speculated that they were going to.
[0:31:14] Ryan @Rlad1776: Got it. Just wanted to make sure I was understanding. Got it. Yeah.
[0:31:18] Landy @CryptoLandy: So I I posted up here my my joke that I actually enjoy anytime this comes up is I was sitting there... I was sitting next to a friend of mine many, many years ago, and he looks... This girl comes up and he... She starts talking to him at the bar. And he said, you look like a blown out CDS spread, and she had no idea what he was talking about. But, essentially, what that joke is, if you look like a blown out CDS spread, you are super high risk, and most people don't wanna have anything to do with you. And and it's kind of like, oh, the market has decided that you're stupidly high risk and stay away. But, yeah, one of my favorite jokes that I like to bring back anytime I see this enter the news again, it's worth watching. I think it's kind of a nothing burger at this particular moment. I'd be watching traditional markets kinda going sideways. And one of the keys that that you do need to pay attention to is where oil is and how long it stays on the lows because that's what's going to be the the deflationary pressures on the economy going through the summer and the fall and will allow the Fed to actually make maneuvers that that Warsh has wanted to do or or claimed he's wanted to do in terms of cuts and bringing down the balance sheet while the dollar remains, you know, in and around some high side structures. If we start seeing that aggressively pull pull back and down along with oil being down, you know, we get a nice rotation back in the risk and markets. Just be aware that it's not leaving The United States. You can monitor that through forex swaps and currency markets, but also the bond markets. So, you know, there's there's a lot of things that I'm watching right now, but I think that Trump is right. And I think
[0:33:09] NatNat @Natnatx007: more important moving down. Right? Because they... It looked like it wanted to break break out and then got rejected, and now it's at a 100 again.
[0:33:17] Landy @CryptoLandy: Yeah. If it's below a 100, you're probably gonna see more of a risk on rotation. And if you... But if you see oil bounce and you see Dixie back above a 100 and heading towards that one zero two, one zero three area, just watch out. It's probably risk off. Yeah. Yeah. But the big thing is is if... You know, when looking at the risk environment for crypto, just understand that we are subject in the crypto space to the furthest end of the risk curve. So when things are good and and it's more of a a better's market for risk, we're gonna see that it's gonna come back and flow in. And one of the things I know Nat and myself were looking at last week, I said this quite a bit, We need to see, you know, above 61 k. I'd be looking for 62.5. We got that Friday into Saturday. And then after reclaiming 62.5, I'm looking at that as a range up to around 65, and you wanna see closes above 65. You'll see $65.08. But if we start getting close above 65, we've probably either already seen price try to tag that area or likely go for that area next. And then that opens up the upside, 68 to 70, 70 to 72. There's kind of $2,000 at a time. Once you get above 65 or so, 65 to 66, you get... Really, it's just all packed in there with with really important high time frame areas of interest and liquidity between '68 to '70, '70 to '72, '72 to '74. And then, of course, 74 being that that higher low in the monthly is really key. One of the things that I've been floating out there for a long time, and I've said this since last year, is that if we were to see a breakdown below $74.04, because we're in a compression for Bitcoin on longer term time frames, if we fail to close below 55 k on a monthly time frame, we can swing down below it. But if we fail to close below there, beware of any kind of structural trend shifts for Bitcoin that start to turn the structure around on the weekly that leads into the monthly. We have a lower high on the monthly now at $82,800. By seeing that broken on a weekly and the lows hold, that's a break on the monthly. We're looking for higher low structure from there and likely bottom being in. That's not the case right now, but it's something that I've been laying out there for a while. Even though I I feel though as though price needs to head lower. But if we start seeing any of these upside areas get grabbed onto, provided it doesn't head down from here and break the lows and already go lower from here, I would say just pay very close attention on higher term time frames as the weeklies go go forward and enjoy the green days while they're here. And, yes, the memes are loading. Everybody is going crazy in the meme economy right now. It's kinda wild. It's the same thing we saw before the macro bottom last cycle too is the meme community started to wake up in and around the summer in the fall time frame. So same kind of deal.
[0:36:26] NatNat @Natnatx007: Got it. Great great points. And definitely Dixie and Oi are two things that are imperative to keep your eye on in terms of where the market dynamics are and what we think the market's gonna do next.
[0:36:41] Landy @CryptoLandy: Yeah. Because if they roll risk off, well, stock markets are gonna take a hit and Guaranteed Crypto is gonna take a hit, and that's might be where we see the rejections or legs down either back to lows or lower.
[0:36:53] NatNat @Natnatx007: Agreed. Agreed. And we'll go Ryan, and then I saw Bits unmuted. So we'll go Ryan and then Bits.
[0:36:59] Ryan @Rlad1776: Yeah. So, you know, Landy, we've talked about this, and I I know it's, you can call it conspiracy. You can call it, unconfirmed or unconfirmable thesis. But my my my general perspective has always been, the dollar was intentionally, made very strong, in order... So that... Because they ultimately knew that they were gonna... Going to get oil very weak, which is... Not very, but they were gonna get it back to reasonable levels, which it is where it is now. And because the petrodollar and oil is settled in USD, right, means more money for The US. But now that we
[0:37:52] Landy @CryptoLandy: Only as long as we are the number one global supplier of oil.
[0:37:55] NatNat @Natnatx007: Yes. This works.
[0:37:56] Ryan @Rlad1776: Exactly. Right. Now we are bringing... Spinning up more and more capacity. We've talked about this a lot. I've got anecdotal... A a great deal of anecdotal evidence of this. We're also pushing out new new rigs, and we are just gonna continue to push out more and more capacity, okay, to exert that dominance. So here's my question. Right? Let's say we do get the balance in oil that I think we all expect, but it's not back to a 100, right, whether it's WTI or crude, although there is a bifurcation there. But let's say we kind of come back to... I don't know. Let's say we go up to 80, 82, but then we come back and settle in the 75 range. And along with that, the strength of the dollar starts to come down. Right?
[0:39:05] Ryan @Rlad1776: So we're still putting out more we're putting out more capacity or product at a slightly higher price or a higher price, but we've reduced the strength of the dollar, which means, you know, we're we're getting... We're still getting the same amount of money. It's just, I'm trying to figure out the right way to say this, but I think you know where I'm going. Once... Because once the the dixie starts to come down and if we get a weaker dollar, right, and this non farm's payroll or this recent jobs report, right, showed weakness after five sessions of strength, You know, like, does that give... Does that set it up so that we can get the the, you know, so that we can get the, the cuts and we're still getting the same amount of revenue. Here's You know what I'm saying? You know what
[0:40:09] Landy @CryptoLandy: I'm what you wanna see.
[0:40:10] Ryan @Rlad1776: Sorry. I got, like, a major fucking hurricane coming through right now. Like, like, we got serious storms. Sorry.
[0:40:17] Landy @CryptoLandy: Yeah.
[0:40:17] Ryan @Rlad1776: No hear I'll send you a $100 in Hibera for that one.
[0:40:22] Landy @CryptoLandy: So here in a perfect world, this is what you would wanna see. You wanna see low oil prices and a strength in dollar. Why why would you wanna see that? Lower oil prices means that the the entire supply chain cost goes down across the entire supply chain, not just at retail, but the entire product supply chain worldwide and here in The United States. And you especially... We'd feel it here first. Right? And we're gonna start seeing that reflected in the numbers for these lower oil prices. When you have stronger dollars, that means the dollar can buy more in a deflationary price environment. That's good. That means that you're getting some deflationary pressures. Now the the the contention always is, well, then you're getting into stagflation and deflationary territory, you're no longer growing. Well, this is actually the type of environment that would allow the Fed to cut interest rates. Right? Not not print more money, but cut interest rates, which then unleashes the flow of said money. Right? It allows for all kinds of refinancing. Money gets moving because it's about the velocity of money. That's the system that we operate in right now. And when money gets choke, hits choke points, that's when we get problems.
[0:41:40] Ryan @Rlad1776: And that's the the biggest important part. Right? Because, like, at the end of the day, like, whether anybody wants to admit it or not, refinancing that short term debt, like, to the tune of what? 1.6... What... Whatever it is. 1,600,000,000 a
[0:41:56] Landy @CryptoLandy: bring it... Yeah. They can... Well, they can bring it down to... I mean, in a low interest rate environment, they could literally bring the annual, interest payments from, like, $11,000,000,000,000 or whatever a year down to, like, 300,000,000,000, and then they can start... The... Here's the here's the... Where you're gonna get understand
[0:42:15] Ryan @Rlad1776: And that gives that gives Wash what he wants, which is a reduced balance sheet. Right?
[0:42:20] Landy @CryptoLandy: Well, he he has... No. What he wants is he wants to be able let the the balance sheet go while lowering rates at the same time, and you need deflationary pressures to do that. If you don't have deflationary pressures, you can't do it. So the... With... Ideally, you'd want a stronger dollar or a strengthened dollar with a low cost energy market that's continuing to get cheaper. And then at the same time, though, you can't have the dollar get too strong because we have all of these trade deals that have been signed now with these various nations for different goods. And if the dollar's really strong versus their currency, it's actually not as good of a deal for them. So when they signed a lot of these deals, though, the dollar was very weak, and they locked it in at those prices, which is the beautiful part about the