WEBVTT 1 00:00:07.599 --> 00:00:12.400 Welcome back to The Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews. 2 00:00:12.560 --> 00:00:15.039 If you are new here, please hit that subscribe button as well as 3 00:00:15.039 --> 00:00:17.920 the thumbs up button and leave a comment below. If you're listening on a 4 00:00:17.920 --> 00:00:22.160 podcast platform such as Spotify or Apple, please leave a five star rating and 5 00:00:22.239 --> 00:00:25.239 review. It supports the podcast and it doesn't cost you anything. Well, 6 00:00:25.280 --> 00:00:28.719 folks, we've got to start by talking about bitcoin. Bitcoin currently at seventy 7 00:00:29.160 --> 00:00:33.759 six hundred and eight dollars, still bouncing between the sixty eight to seventy one 8 00:00:33.759 --> 00:00:37.479 thousand dollars range, still moving sideways. But the big news of the day 9 00:00:37.880 --> 00:00:42.840 is that inflation came in hotter in then expected in March. To CPI to 10 00:00:42.880 --> 00:00:47.840 Consumer Price Index rows zero point four percent over the previous month and three point 11 00:00:47.920 --> 00:00:51.399 five percent over the prior year in March. So what does that mean? 12 00:00:51.679 --> 00:00:55.439 The Fed is not cutting rates anytime soon. There were talks of a cut 13 00:00:55.479 --> 00:00:59.039 coming in June, and this aligns with my thesis what I've been sharing with 14 00:00:59.039 --> 00:01:02.399 you guys over the past a couple months. The blow off top could happen 15 00:01:02.439 --> 00:01:06.599 this year because the markets are front running the ray cuts. Because historically we've 16 00:01:06.599 --> 00:01:10.359 seen according to the data, now that when there's RAY cuts, when the 17 00:01:10.400 --> 00:01:15.280 FED truly pivots and starts cutting, the markets take a massive dump. Guys. 18 00:01:15.840 --> 00:01:18.120 I'm not making this up. This is the data. I did a 19 00:01:18.120 --> 00:01:21.840 full newsletter on it. So that could mean once again the markets are front 20 00:01:21.879 --> 00:01:25.280 running. This includes the stock market, Bitcoin, all coins and so forth. 21 00:01:25.719 --> 00:01:27.640 We see the blow off top this year. Now, this is just 22 00:01:27.680 --> 00:01:32.040 a thesis. It's not guaranteed that it's going to happen, but we want 23 00:01:32.079 --> 00:01:34.439 to be prepared for all scenarios. Now, if the RAY cuts come after 24 00:01:34.519 --> 00:01:38.480 the election, which I think they will, I don't think the Fed is 25 00:01:38.480 --> 00:01:41.480 going to cut ahead of the election because of the impact on markets. I 26 00:01:41.519 --> 00:01:45.719 think they're going to maintain the current rates to cool down inflation. Some people 27 00:01:45.760 --> 00:01:47.719 are saying they may raise. I don't think they're going to raise. I 28 00:01:47.719 --> 00:01:49.519 think they're going to keep it as is. It would be much easier just 29 00:01:49.640 --> 00:01:53.200 maintain the rates at what they're at to not show any type of favorability to 30 00:01:53.680 --> 00:01:57.760 the election and the current sitting president, and much more so, the dx 31 00:01:57.959 --> 00:02:02.799 Y on that news massive green candles. So this is why I often tell 32 00:02:02.840 --> 00:02:07.040 you, guys, when we're watching these scenarios play out. I often say 33 00:02:07.200 --> 00:02:09.759 it has to confirm itself, it has to prove itself right, whether it's 34 00:02:09.800 --> 00:02:14.520 a rally or it's a breakdownward. So we were seeing a breakdownwards with a 35 00:02:14.560 --> 00:02:20.400 DXY and today massive reversal with a massive green candle on not hot inflation news. 36 00:02:20.680 --> 00:02:23.919 So my hope is that this pump, though for the CPI, is 37 00:02:23.960 --> 00:02:27.759 short lived. Maybe it lasts for another couple of weeks and then the Bitcoin 38 00:02:27.840 --> 00:02:30.879 having is rolling around and then we see the markets continue to move up. 39 00:02:31.240 --> 00:02:35.039 So we'll just have to wait and see how things play out. But right 40 00:02:35.080 --> 00:02:38.240 now we have to be cautious because Bitcoin could break down further. Right we 41 00:02:38.360 --> 00:02:45.960 have this bullish ascending triangle forming here. However, there are scenarios where this 42 00:02:46.000 --> 00:02:50.360 thing breaks down, and my hope is that it breaks upwards. So maybe 43 00:02:50.360 --> 00:02:54.759 Bitcoin continues on this trajectory for the next couple weeks, who knows, and 44 00:02:54.800 --> 00:03:00.000 then breaks out, But once again not guarantee. There is a bearer scenario 45 00:03:00.199 --> 00:03:01.960 here. We have to look at both the bullish and the bearers scenarios, 46 00:03:02.000 --> 00:03:06.560 so we'll have to wait and see. But that's what's happening. The DXY 47 00:03:06.639 --> 00:03:10.800 pumping based on hot inflation data and a massive green candle on a dollar, 48 00:03:10.919 --> 00:03:14.800 folks, So we have to be patient here, r folks. I'm sure 49 00:03:14.800 --> 00:03:19.000 many of you heard this news already, but scumbag regulator Gary Ginster and the 50 00:03:19.120 --> 00:03:23.400 SEC are up to no good again. Today UNISWAP Labs received a wells notice 51 00:03:23.439 --> 00:03:29.000 from the SEC and they said they are ready to fight. This is the 52 00:03:29.080 --> 00:03:32.960 latest political effort to target even the best actors in crypto like uniswap and Coinbase. 53 00:03:34.159 --> 00:03:38.599 All UNISWAP products and UNISWAP protocol are unaffected. So, folks, we've 54 00:03:38.639 --> 00:03:43.680 been seeing the SEC attacking the industry. They're attacking good actors. They've failed 55 00:03:43.800 --> 00:03:46.960 many times in stopping bad actors like FTX, like Celsis and so forth, 56 00:03:47.120 --> 00:03:51.680 and I think that was part of Gary Ginster's plan. We've seen so far. 57 00:03:52.000 --> 00:03:54.240 They don't abide by the law. They are hypocrites. They will lie, 58 00:03:54.280 --> 00:03:57.719 they will stab you in the back. That's been established right. They 59 00:03:57.759 --> 00:04:00.919 got called arbitrary and capricious in the core in the Debt Box case. The 60 00:04:01.000 --> 00:04:05.000 judge sanctioned the SEC lawyers. In the Ripple lawsuit, Judge Sarah net Burns 61 00:04:05.039 --> 00:04:10.520 at the SEC lacked faithful allegiance to the law. Currently, the SEC saw 62 00:04:10.680 --> 00:04:15.240 one two one bulletin that they put out there was unlawful, and Congress is 63 00:04:15.280 --> 00:04:17.959 looking to repeal that. So there's a whole list of things where they've done 64 00:04:18.199 --> 00:04:23.879 unlawful activities. So they're going to try to stop the good actors because the 65 00:04:23.959 --> 00:04:29.120 game is to kill off as many of these crypto startups as possible so that 66 00:04:29.160 --> 00:04:32.560 their banking incumbent friends who are controlling Elizabeth Warren and Gary Ginster can come in 67 00:04:32.600 --> 00:04:39.079 and take over. So scumbag regulator Gary Ginster added again, and for those 68 00:04:39.120 --> 00:04:42.720 of you who don't know about uniswap, it is a decentralized exchange where you 69 00:04:42.720 --> 00:04:46.800 can swap, earn and build and trade crypto from a decentralized standpoint. It 70 00:04:46.920 --> 00:04:51.720 runs on etherorem and a few other chains. So the folks at uniswap said 71 00:04:51.720 --> 00:04:56.680 they are going to fight this, and that's the great thing about where we 72 00:04:56.759 --> 00:05:00.199 find ourselves. The industry is going on the offensive. Coinbased counter seuing, 73 00:05:00.240 --> 00:05:04.040 cracking, countersuing. Uniswap is gonna fight back. Ripple fought back, and 74 00:05:04.120 --> 00:05:11.120 you have various small exchanges and projects that are suing the SEC without any type 75 00:05:11.120 --> 00:05:14.959 of Wells noticed or anything like that. And I've talked about it with different 76 00:05:14.959 --> 00:05:16.480 folks who I've interviewed. You know, the only way to stop a bully 77 00:05:16.519 --> 00:05:19.639 many times is to fight back, to punch back. And I think the 78 00:05:19.720 --> 00:05:24.199 industry going on the offensive, not being afraid anymore and saying you know what, 79 00:05:24.279 --> 00:05:26.839 Okay, you want to sue us, We're gonna sue you too, 80 00:05:27.439 --> 00:05:30.759 I think is the way forward. So the folks at UNISWAP said, we 81 00:05:30.839 --> 00:05:34.360 are confident that the products we offer are not just legal, they are transformative, 82 00:05:34.720 --> 00:05:41.160 empowering people across the world by enabling transparent, verifiable markets with fewer gatekeepers, 83 00:05:41.240 --> 00:05:46.399 enabling cheap, accessible, global economic participation. Despite sec rhetoric that most 84 00:05:46.399 --> 00:05:50.000 tokens are securities, the reality is that tokens are just a digital file format. 85 00:05:50.040 --> 00:05:55.800 The vast majority of tokens traded on UNISWAP are definitively not securities, just 86 00:05:55.959 --> 00:06:00.160 like most paper is not stock certificates. They are stable coin community tokens, 87 00:06:00.160 --> 00:06:05.759 commodities like bitcoiny Theorem, and unisox. Tokens traded on secondary markets like UNISWAP 88 00:06:05.800 --> 00:06:11.720 are not investment contracts, and the UNISWAP protocol itself is a decentralized, autonomous 89 00:06:11.759 --> 00:06:15.879 set of smart contracts that run without any organization, individual, or entity behind 90 00:06:15.959 --> 00:06:20.439 them, not a securities exchange. We are confident that our products are on 91 00:06:20.480 --> 00:06:24.759 the right side of the law and that our work is on the right side 92 00:06:24.759 --> 00:06:28.240 of history. While our legal team takes on this fight, will continue to 93 00:06:28.279 --> 00:06:31.839 do what's best built. So I love it. Don't cower to scumbag regulator 94 00:06:31.879 --> 00:06:36.360 Gary Genser and his cronies. Fight back, and we're seeing in the courts. 95 00:06:36.360 --> 00:06:40.839 Guys, we're taking a lot of victories. And here Hayden Adams, 96 00:06:40.839 --> 00:06:44.680 who is the founder of uniswap, shared some thoughts on this. He said, 97 00:06:44.720 --> 00:06:47.560 today uniswap Labs received the wells notice from the SEC. I'm not surprised, 98 00:06:47.800 --> 00:06:51.360 just annoyed, disappointed, and ready to fight. I am confident that 99 00:06:51.399 --> 00:06:55.279 the products we offer are legal and that our work is on the right side 100 00:06:55.279 --> 00:06:58.839 of history. But it's been clear for a while that rather than working to 101 00:06:58.920 --> 00:07:02.279 create clear, in formed rules, the SEC has decided to focus on attacking 102 00:07:02.360 --> 00:07:08.720 longtime good actors like uniswap and coinbase, all while letting bad actors like FTX 103 00:07:08.720 --> 00:07:12.759 slip by. And remember, Gary and the SEC were meeting with Sambek Benfred 104 00:07:12.879 --> 00:07:15.040 multiple times, yet did nothing to stop it. Right, folks, he 105 00:07:15.079 --> 00:07:18.000 says, when I first set out to build UNISWAP, the goal wasn't to 106 00:07:18.079 --> 00:07:24.600 reimagine finance. It was an experiment in radically decentralized, fully automated on chain 107 00:07:24.680 --> 00:07:27.839 markets. I didn't know if it would work or if anyone would use it. 108 00:07:28.160 --> 00:07:31.079 Fast forward today, the UNISWAP protocol has processed over two trillion dollars in 109 00:07:31.160 --> 00:07:36.000 volume. Many thousands of teams and developers have forked our code or built on 110 00:07:36.079 --> 00:07:41.439 top of it. We built entirely new financial infrastructure that is transparent, fair, 111 00:07:41.519 --> 00:07:45.319 secure, and accessible, powering and entire industry. Now, he continues, 112 00:07:45.319 --> 00:07:46.639 I'm not going to read through the entire thing. You guys can certainly 113 00:07:46.720 --> 00:07:53.279 check him out at hayden z atoms on X and you can read through the 114 00:07:53.319 --> 00:07:57.920 full thread. Now Here, we got some different attorneys and lawyers and legal 115 00:07:57.959 --> 00:08:01.480 experts weighing in here. Adam kock Grin weigh in saying unbelievable. UNISWAP is 116 00:08:01.560 --> 00:08:05.480 six years old. For six years, the SEC also failed to provide any 117 00:08:05.519 --> 00:08:09.959 guidance on the space and now sends them a wells notice. Let's be really 118 00:08:11.040 --> 00:08:16.079 effing clear on something here. Uniswap Labs is a software publisher. They publish 119 00:08:16.199 --> 00:08:20.959 open source code and an open source front end. Unless this wells notice specifically 120 00:08:20.000 --> 00:08:24.839 relates to uniswap x routing, which even then is questionable, this is absolutely 121 00:08:24.839 --> 00:08:28.600 beyond the scope of the SEC. Furthermore, the SEC has had years to 122 00:08:28.639 --> 00:08:33.799 provide guidance on these behaviors and choose not to. In fact, some of 123 00:08:33.919 --> 00:08:39.399 Uniswap's products are so old now they are actually outside the statute of limitations for 124 00:08:39.519 --> 00:08:43.200 certain violations of the Act. This SEC has continued to embarrass itself in courts 125 00:08:43.240 --> 00:08:48.360 with political cases that it cannot win time and time again and create a chilling 126 00:08:48.360 --> 00:08:52.840 effect in the US markets. And now they choose to go against another legitimate 127 00:08:52.879 --> 00:08:56.840 operator rather than countless scams. Helthough they lost the Ripple case on the grounds 128 00:08:56.840 --> 00:09:03.279 of programmatic transactions not count as securities transactions, the wallet as a broker argument 129 00:09:03.480 --> 00:09:07.240 was throwing out in the coinbase case, and now they want to try front 130 00:09:07.360 --> 00:09:11.480 end as a broker, he asked. More importantly, if they take fault 131 00:09:11.480 --> 00:09:15.279 with the code itself, they'll open up themselves to an entirely new landscape because 132 00:09:15.320 --> 00:09:18.159 your right to publish code is protected by free speech, so he continues, 133 00:09:18.200 --> 00:09:22.440 but that's the gist of what he's saying here. Now. Bill Hughes, 134 00:09:22.559 --> 00:09:26.240 who's a lawyer at Consensus and I actually interviewed him today and we talked about 135 00:09:26.240 --> 00:09:31.399 Ethereum and the SEC's plot and plan to make etheremist securityor and categorize it as 136 00:09:31.440 --> 00:09:35.000 a security. I'll have that interview published, possibly by Monday or so. 137 00:09:35.519 --> 00:09:39.960 He did share some great thoughts here as to what may be happening. He 138 00:09:39.960 --> 00:09:43.360 said, Steady, lads, I'm seeing signs of some getting a bit spooked 139 00:09:43.399 --> 00:09:46.240 and wondering if they might be in harm's way. In light of the news, 140 00:09:46.320 --> 00:09:50.399 UNISWAP just dropped a couple of things. One, UNISWAP was just informed 141 00:09:50.399 --> 00:09:52.799 that the SEC staff is going to recommend to the Commission that they approve a 142 00:09:52.840 --> 00:09:56.879 suit. Now we all know that the chair wants to suit them and two 143 00:09:56.919 --> 00:10:01.200 commissioners are not going to disagree, and two will disagree. So a suit 144 00:10:01.320 --> 00:10:05.440 is a foregoing conclusion. But there isn't a suit yet. Number two, 145 00:10:05.600 --> 00:10:07.879 it will take time to see the actual claims, but it is extremely, 146 00:10:07.960 --> 00:10:13.480 extremely doubtful that the SEC could now or in the future, go after any 147 00:10:13.519 --> 00:10:16.559 UNISWAP token holder, governance participator, or user. If you are one of 148 00:10:16.600 --> 00:10:20.639 those and a little freaked out, take a breath and calm down. If 149 00:10:20.679 --> 00:10:24.840 they were also going to sue you, then you'd be getting an email from 150 00:10:24.840 --> 00:10:28.080 the SEC asking to talk to you on the phone. You aren't going to 151 00:10:28.120 --> 00:10:31.480 be getting one of those, so relaxed number three. These things play out 152 00:10:31.600 --> 00:10:37.879 over long timelines, and during that intervening period, like Hayden Adams said, 153 00:10:37.080 --> 00:10:41.679 the platform is unaffected and labs will continue to work on the software projects they 154 00:10:41.919 --> 00:10:45.639 have been working on. So this is just the first of it. Time 155 00:10:45.679 --> 00:10:48.080 to remember your reason for being here. So, folks, we're going to 156 00:10:48.159 --> 00:10:50.879 keep fighting. We're winning in the courts and of course Congress is trying to 157 00:10:50.919 --> 00:10:56.360 get legislation through. Until they do, we'll have to keep beating Gary Ginster 158 00:10:56.360 --> 00:10:58.799 in the courts. And the great thing, folks, the judges and so 159 00:10:58.840 --> 00:11:03.639 far they're not putting up with the lies and hypocrisy and all the nonsense the 160 00:11:03.519 --> 00:11:07.240 the SEC making things up as they go. They're calling out all the unlawful 161 00:11:07.240 --> 00:11:11.360 activities by the SEC. So that's a great sign. But guys, I 162 00:11:11.360 --> 00:11:15.120 think until Congress acts. We can expect to see more companies, more projects 163 00:11:15.200 --> 00:11:18.720 getting sued, but you know, we are on the winning side of history 164 00:11:18.759 --> 00:11:22.200 here, and once again the industry is going on the offensive. So it's 165 00:11:22.200 --> 00:11:24.799 not like it was a couple of years ago where people were scared. Right 166 00:11:24.360 --> 00:11:30.000 If you guys remember I kept tweeting at Brian Armstrong, CEO Coinbase after the 167 00:11:30.080 --> 00:11:33.000 Ripple lawsuit, like, hey, time to join up a ripple, Time 168 00:11:33.000 --> 00:11:35.039 for the industry to come together, beat the leader, Brian, I'm strong 169 00:11:35.399 --> 00:11:39.039 right now. They eventually did that, but it was until they got a 170 00:11:39.120 --> 00:11:43.679 Wells notice. And in my interview with Paul grew Wall, right before they 171 00:11:43.679 --> 00:11:46.279 got the Wells notice, I asked them, I said, Paul, you 172 00:11:46.279 --> 00:11:48.240 know, are you going to fight back or are you guys going to go 173 00:11:48.240 --> 00:11:52.519 on the offensive here? And everybody will still hesitant because they didn't want to. 174 00:11:54.120 --> 00:11:58.080 They kind of wanted to lay low and maybe the SEC won't notice us. 175 00:11:58.120 --> 00:12:01.840 But Gary answer is a scumbag. He's coming after everything. The goal 176 00:12:01.879 --> 00:12:05.960 here is not to try to protect consumers. The goal here is a political 177 00:12:05.000 --> 00:12:09.679 move to protect the incumbents that are getting disrupted. So it is what it 178 00:12:09.759 --> 00:12:13.240 is. But the good thing once again, industry is going on the offensive. 179 00:12:13.320 --> 00:12:16.480 We are fighting, we're winning in court and UNISWAP is ready to fight. 180 00:12:16.519 --> 00:12:20.200 Here now, guys, quickly from our sponsor, and that is Vchain. 181 00:12:20.320 --> 00:12:24.480 Vchain is one of the top Layer one enterprise blockchains out there that is 182 00:12:24.519 --> 00:12:30.799 building incredible web three and decentralized applications. And they have partnered with big brands 183 00:12:30.799 --> 00:12:35.840 such as PwC, Walmart, China, BMW as well as the Boston Consulting 184 00:12:35.879 --> 00:12:41.080 Group building great technology, folks. The v chain blockchain is very fast and 185 00:12:41.159 --> 00:12:45.879 scalable. It is very energy efficient, it uses low energy. I'm personally 186 00:12:45.919 --> 00:12:48.399 very bullish on this project. I've been holding the vet token for years. 187 00:12:48.440 --> 00:12:52.360 So if you want to learn more about v chain, check out the link 188 00:12:52.399 --> 00:12:56.960 in the description or visit vchain dot org. Well, let's move ahead, 189 00:12:56.960 --> 00:13:03.639 folks. Solana developers target April fifteen per failed transaction fix. It's not a 190 00:13:03.679 --> 00:13:07.440 design flaw, is a quote in the headline. So Solana's percentage of failed 191 00:13:07.840 --> 00:13:13.320 non vote transactions went over seventy five percent last week and the developers are now 192 00:13:13.360 --> 00:13:18.519 targeting a fix to be implemented on April fifteenth. So, guys, I 193 00:13:18.600 --> 00:13:20.519 hold a soul token. But I've often stated to you guys, and I'll 194 00:13:20.519 --> 00:13:24.000 say put one hundred time. I'm not a long term believer in Solana. 195 00:13:24.759 --> 00:13:28.000 I'm trading it because I see a lot of vcs, a lot of liquidities 196 00:13:28.120 --> 00:13:33.360 entering the market via Solana. So that's my play on it. But there's 197 00:13:33.440 --> 00:13:37.080 tons of meme coins and much more building on Solana, so that's good. 198 00:13:37.279 --> 00:13:43.159 But it keeps having downtime and failed transactions and that's not you know, that's 199 00:13:43.159 --> 00:13:45.519 not going to help bring in the next billion people. So they got to 200 00:13:45.519 --> 00:13:48.759 fix this, and I'm not saying they can't, but they've had so many 201 00:13:48.840 --> 00:13:52.399 downtimes and they continue to have these big problems that many other blockchains don't have. 202 00:13:52.960 --> 00:13:56.320 So we'll see where it goes. But that's my play. I know 203 00:13:56.399 --> 00:14:00.759 some of you listening or watching are super bullish on Salon on a long term 204 00:14:00.840 --> 00:14:03.159 I'm personally not. I'm just playing the market cycles. So here's the quote. 205 00:14:03.240 --> 00:14:07.000 Salona's current issue is not a design flaw, it's an implementation bug. 206 00:14:07.120 --> 00:14:11.919 Stress Merked Mumtaz, the CEO of Helios Labs, a blockchain infrastructure firm that 207 00:14:13.000 --> 00:14:16.320 provides back end support exclusively to the Salona network. It is important to make 208 00:14:16.320 --> 00:14:22.120 this distinction because implementation errors are usually trivial, while design errors are generally serious 209 00:14:22.159 --> 00:14:28.000 and more fundamental. Mumtaz explained to his one hundred and eight thousand X followers 210 00:14:28.000 --> 00:14:31.000 on April eighth, So let's see what they can do. If they can 211 00:14:31.039 --> 00:14:35.320 actually fix this and it can continue to perform well, or have these downtimes 212 00:14:35.360 --> 00:14:39.360 and failed transactions and much more, which is not good for the long term 213 00:14:39.360 --> 00:14:45.879 adoption of Solana. Now let's move ahead. Restaking protocol eigen Layer heads to 214 00:14:46.000 --> 00:14:50.279 Etherreum maynet, so let me give you the details here. Eigenlayer, the 215 00:14:50.360 --> 00:14:56.360 highly anticipated Ethereum restaking protocol that has attracted billions of dollars worth of customer deposits, 216 00:14:56.600 --> 00:15:01.320 when to main Neet Tuesday afternoon. Eigenlayer's data avail ability solution, named 217 00:15:01.399 --> 00:15:07.159 Eigenda also went live as an actively validated service built on top of eigen Layer. 218 00:15:07.320 --> 00:15:09.960 The launch came with training wheels of sorts, however, as critical components 219 00:15:09.960 --> 00:15:15.240 of eigen Layer are not set to go live until later this year. Etherorem 220 00:15:15.360 --> 00:15:18.120 is secured by Ether that is staked or pledged to earn yield in return for 221 00:15:18.240 --> 00:15:24.200 accurately verifying transactions. Eigenlayer takes this a step further with restaking, which allows 222 00:15:24.240 --> 00:15:30.000 steak eth to be restaked and used to secure and run AVS's, which are 223 00:15:30.279 --> 00:15:35.799 various blockchain based platforms built on eigen layers. So we'll see, folks, 224 00:15:35.960 --> 00:15:39.919 this sounds promising and we'll see if everything goes well as it goes to MAInet. 225 00:15:41.559 --> 00:15:46.519 Now, Paradigm leads two hundred and twenty five million dollars round for high 226 00:15:46.559 --> 00:15:50.279 throughput blockchain Monad Modad is set to go to MAInet by the end of twenty 227 00:15:50.360 --> 00:15:54.519 twenty four, says the first time I'm hearing about this blockchain. So Monad 228 00:15:54.720 --> 00:16:00.639 Labs, the developer behind a forthcoming Layer one blockchain focus on high throughput and 229 00:16:00.840 --> 00:16:07.399 etheroreum compatibility, announced a hefty two hundred and twenty five million dollar funding led 230 00:16:07.440 --> 00:16:11.159 by Paradigm on Tuesday. Despite being far less active in twenty twenty one, 231 00:16:11.240 --> 00:16:18.240 the crypto venture sector continues to show renewed vitality. Monad's raise is the largest 232 00:16:18.240 --> 00:16:22.200 crypto venture round since Wormhole's two hundred and twenty five million dollar hall in November 233 00:16:22.240 --> 00:16:27.399 of last year. Electric Capital, Coinbase Capital, and several other firms participated 234 00:16:27.600 --> 00:16:32.919 the announcement comes as Solana, which also hopes to offer Etheroreum like features with 235 00:16:33.240 --> 00:16:37.399 even better throughput, struggles to process the wrath of transactions enabled by its low 236 00:16:37.440 --> 00:16:41.639 fees. Up to seventy seven percent of transactions were dropped instead of included in 237 00:16:41.759 --> 00:16:48.039 Solana blocks at times. Last week, When asked about Solona's dropped transaction debacle, 238 00:16:48.159 --> 00:16:52.240 monad co founder and CEO ke On Hahn gave a lengthy technical explanation, 239 00:16:52.679 --> 00:16:59.039 saying, sorry, this is a very long answer on parenthesize before diving into 240 00:16:59.039 --> 00:17:03.599 how RPC nodes handle spam. The co founder of crypto's largest Mega round recipient 241 00:17:03.680 --> 00:17:08.759 spent roughly a decade as a traditional finance quant before more recently working at Jump 242 00:17:08.799 --> 00:17:15.559 Crypto. So guys, you know, we just talked about Solona in the 243 00:17:15.599 --> 00:17:18.559 downtime, you know, just competitors coming up, and like I said, 244 00:17:18.559 --> 00:17:23.279 if Solana wants to compete, it has to make improvements. So we're going 245 00:17:23.319 --> 00:17:26.640 to see where this goes. But this is a lot of money these folks 246 00:17:26.640 --> 00:17:30.119 have raised here, and this this is a project I'm going to look into 247 00:17:30.640 --> 00:17:33.160 and see. You know, if I want to take a position, I'm 248 00:17:33.200 --> 00:17:37.559 often looking at what the vcs and investment firms are doing many times that you 249 00:17:37.559 --> 00:17:41.440 know, the coins that are being invested in heavily, they do well, 250 00:17:41.920 --> 00:17:45.400 you know from a price appreciation standpoint, So this is something to keep an 251 00:17:45.440 --> 00:17:48.359 eye on. This is why I'm sharing this news with you or a folks 252 00:17:48.359 --> 00:17:52.799 friendly reminder. Next week, April sixteen, my book will be launching on 253 00:17:52.920 --> 00:17:56.759 Amazon. I'll of course notify you guys once it's live, but it's called 254 00:17:56.839 --> 00:18:00.480 Rethinking Crypto, the Crash of FTX and rise of say for stronger digital Assets. 255 00:18:00.480 --> 00:18:03.200 I'll put a linked in the descriptions so you can go to the website 256 00:18:03.200 --> 00:18:08.000 to learn more about this book. It's a great story that covers all the 257 00:18:08.000 --> 00:18:12.160 big things that are happening in crypto, the history, what happened with FTX, 258 00:18:12.160 --> 00:18:15.960 why that was in the ethos of crypto, the regulatory battles for example 259 00:18:17.079 --> 00:18:21.960 SEC versus Ripple SEC and Grayscale, the bigcoin ETF race, what does the 260 00:18:21.960 --> 00:18:25.480 future of crypto look like? Toganization, stable coins, CBDCs, NFTs, 261 00:18:25.519 --> 00:18:27.279 and much more So. You don't want to miss out on this book, 262 00:18:27.319 --> 00:18:30.519 folks, So once again link will being the description for you to go learn 263 00:18:30.559 --> 00:18:33.559 more on our website. Also, a friendly reminder. I'll be at the 264 00:18:33.680 --> 00:18:40.400 DC Blockchain Summit in May May fifteenth and sixteenth, and I'll be there for 265 00:18:40.440 --> 00:18:42.920 both days, the Summit day as well as the Blockchain Education Day. I'm 266 00:18:42.960 --> 00:18:47.160 actually more excited for the Education Day because we get to go to on Capitol 267 00:18:47.200 --> 00:18:51.400 Hill. So I'll be blogging, blogging and much more. If you guys 268 00:18:51.440 --> 00:18:53.079 would like to attend, you're going to be in the DC area. This 269 00:18:53.119 --> 00:18:57.079 is being put together by the Chamber of Digital Commerce. You can get tickets 270 00:18:57.279 --> 00:19:00.319 and you can use my code thinking So to get a discount. Link will 271 00:19:00.319 --> 00:19:03.440 be in the description for you to go check it out. Once again, 272 00:19:03.480 --> 00:19:06.440 I'll be there and look forward to seeing some of you there and we could 273 00:19:06.440 --> 00:19:10.240 talk about crypto going Capitol Hill. There's some great speakers who are going to 274 00:19:10.319 --> 00:19:14.359 be there, members of Congress Patrick Henry hes S Purse, Mike Flood, 275 00:19:14.359 --> 00:19:17.559 Congressman Mike Flood, and a bunch of other people. You can check it 276 00:19:17.640 --> 00:19:21.119 out, folks, and it should be a good time at the summit and 277 00:19:21.200 --> 00:19:23.240 the education Day. All right, folks, thank you for watching and listening. 278 00:19:23.319 --> 00:19:26.759 Thank you. I appreciate you all, and I'll talk to you all later.