 in three, two, one, and we're live. Well, we should be live. Welcome to Digital Asset News, the top stories in cryptocurrency digital assets and try our best to break them down into bite-sized pieces. So today, I've got my friend, Nick Mancini. He is here. He is the Chief Communication Officer for Trade the Ching and he is an up-and-comer. Hold on real quick. Well, we should be live. Well, there we go. Up-and-comer in the crypto community. Nick, I think you were just featured on Forbes or something like that. Yeah, I've been fortunate enough to be featured in Forbes almost weekly for the past, I'd say two or three months now, so it's been very nice. Everybody wants Nick to come on their show and that's why I got him on the show today. So we're just gonna go over a couple of quick topics. Actually, it's not real quick. I mean, there's a lot of things going on, right? But I thought this was interesting and I know everybody has been talking about this ad nauseam about Mark Cuban and the D5 story and everything else. But I just think there's just a couple of points I wanted to go over because people keep saying it's a rug pull, it's a rug pull. And I want to make a distinction about what went on as far as like what a rug pull is and I think what happened. And Nick's got a pretty interesting theory about what happened to Mark. So let's break into it, shall we? So here we go. Let me pull this stuff up. And what is the nickname? People are giving this quote unquote crisis. I believe it is the Cuban Missile Crisis. I've heard it called on CNBC even. So it's pretty much well-defined at this point that it is the Cuban Missile Crisis. But it's pretty good. I can't wait to use that. See things, so it's long, there's no long. Now we're good. And then Rob, aside from Ada and Theta, what are you yielding and staking? I'll get to that maybe later. And then it's also Shiba Inu just got listed on Voyager. So congratulations to Shiba Inu holders. And point base, I believe yesterday or the day before perhaps, so this week. Yeah, my friend George was bragging all day long, which good for him, good for him. So we're gonna go over the Mark Cuban story. Then I wanna talk real quickly about Cardano's Yoroi wallet. He's gonna soon enable users to interact with DApps like Ethereum's MetaMask. So essentially you're gonna have a MetaMask in your browser and potentially gonna have the Cardano Yoroi wallet, which will be interesting. And then also to get into everybody's favorite topic, politics, Republican House campaign arm says it will begin soliciting cryptocurrency donations. And I gotta tell you, I gotta make the case that it seems like Republicans are really embracing crypto for some reason. You're gonna see Emma here, he's embracing it. You're gonna see Sean Hannity. He's just, he was at one point changes his Twitter profile was going to with a laser eyes. And then a good old Ted Cruz came out and said that he believes cryptocurrency is a pretty good play just to be careful. It's odd, odd how that works out. Anyhow, so that's what we got. So Nick, let's start with this one, shall we? Let's do it. Just as a recap for everybody. And I know everybody's tired of this story. Here's what happened. Let me turn this down. So Iron Finance is a company behind the Titan token. So you got Iron Finance, the Titan token. And you also got the Iron Stablecoin. So how the stablecoin works is it's pegged to the USDC, right? Which means about 75% of it, let me pull this up. Iron is 75% pegged to USDC. So it's pretty stable. The other quarter is pegged to Titan. And that is their main coin. So developers distribute Titan to liquidity providers such as our guy, Mark Cuban. Staking allows liquidity providers to yield profits off of transactions. Mark Cuban was one of those guys. Cuban provides Titan and dye to the platform. When somebody buys Titan with dye, Cuban gets 100% of the transaction profits. So pretty profitable for him. The plunge took place over Titan reached 65 bucks and then went to $60. Then all of a sudden all these whales, and I think this is the big lesson. Nick, correct me if I'm wrong. But if you got a bunch of whales holding a bunch of those tokens and they freak out when he starts selling, it seems like there's a chain reaction and everybody sells like crazy. And that's, I think, what happened here. Right, it definitely would spark the fire. That's certainly kind of where people started noticing the issue is, you know, so one, we all know that if a bunch of wallets, or I mean, if a few wallets hold a bunch of a specific cryptocurrency, then something is probably a miss because they can just introduce a lot of supply into the market and basically crash the value we all know supply and demand. So that A is a big issue. And then as soon as they start selling, I'm sure a lot of people follow, you know, whale alerts on Twitter, which is just, you know, big wallet movements or erects, whatever it is, you know, big trades getting washed. So whenever things like that happen, people are tracking big wallets and they're creating automated systems to react to these wallet movements or these massive cells. And eventually, you know, if you get an algorithmic kind of sell pattern happening, then it basically just pushes past, basically pushes price past a precipice in which retail will then react and further cause price decay. So basically whales hold a lot, whales decide to sell a little bit, algorithms pick this up and then retail catches on and creates a forced fire of price selling. And so the interesting part about Titan is that in the relationship of Titan and iron, Titan makes up 25% of that peg. So what the developers did is they created a mechanism to just mint more Titan in case Titan ever decreased to the point where the iron peg was off of a dollar. So anyone knows if you just keep offering stock and offering stock and offering stock, it's literally called the financial death spiral. I mean, this is finance 101. So A, you know, a lot of people are looking at the tokenomics, a lot of whales held a lot of the coins and then you just had the spark that lit the forest fire. Isn't this the same thing going on with the U.S. government? They just keep printing. This is a little bit, people are catching on to bad tokenomics. Yes, they are. Got to tell you man, the U.S. dollar doesn't have the greatest tokenomics. Okay, so that answers that question. I got it, but I keep hearing the word rug pull, rug pull, rug pull. So I just want to differentiate a couple, just a thing, just a thing. So stick with me everybody. So what's a rug pull? And I kept hearing this, even Cuban said I got rug. So rug pull is a malicious maneuver in the crypto industry where a crypto developers abandon a project and run away with investors' funds. Malicious individuals create a token, list on a dex, then pair with a leading crypto like Ethereum. Once they significant amount of unsuspecting investors swap their E for the listed token, the creators then withdraw everything in the liquidity pool, driving the coins price to essentially zero. So they just take everything out and they just run with it. And that's the developer side. To me, this looks like it's not so much the developer side. It seems like it's more like just people got, like what Nick was talking about. They get spooked, they're with these bots, they came in there like, wow, people are selling, we got to get out. And then all of a sudden, then it was just the big, and everything's gone. Nick, what do you think? Wrong there, right there, let it off. So I think no one's going to really like this answer, we don't have all the information yet unfortunately. So what you described, Rob, is 100% correct. It is not a traditional rugpull. But something does smell fishy in the sense that anyone who's been kind of in crypto in the olden days back when Silk Road was around and all of those dark web markets or whatever were, we're doing exit scams and getting everyone on and then ripping the money out and stuff like that. It just feels the way that the developers and the core team are communicating with the retail market. It does feel that there was nefarious kind of actors behind. So maybe you have a partner and that whale is silent and anonymous and he decides to just rip a bunch of liquidity because he wants to go to another project or run off to some country or whatever. And then the developers are left kind of trying to deal with the windfall. So I don't think the developers were saying, or were saying, hey, we're just going to steal everyone's money and just screw over Titan and Manic. But I do think that either A, something out of their hands happened and D, a nefarious actor may have sparked this forest fire or a smart person bought up a bunch and just realized tokenomics were bad and say, hey, I'm going to light a match just because I'm rich and I want to watch the world burn. It went with bad tokenomics, things like that can happen. We've seen activists investors buy up stock and change whole companies. This is DeFi, this is a free market. So if things like that can even happen in the centralized market, then they're going to be exacerbated in a nascent DeFi market as well. Yeah, it sucks. I mean, I don't mean to laugh because I know there's a people out there that lost a lot of money. It is sad. It is really sad. And it's one of the biggest advantages that you can have is just having money because more money begets more money, unfortunately. And that's the way kind of like the world works. So Nick, I get two questions for you then. First of all, what do you think? Because Cuban said he got out in time, right? So do you think, first of all, that he did really get out in time? And second of all, do you think iron finance can come back? And I want to use the example of a sushi spot for, and just see because remember what happened there and now all of a sudden sushi is everywhere. So what do you think? So the second one is really good. I think there's a lot more nuance to it. But the first question is, is I just think basic math and what we've seen from Mark Cuban, both his Twitter progression and what we've seen from his blog posts and interviews that he's done on Titan is that he got in relatively early. So I mean, his upside was probably quite high. So even if he felt some downside, it probably wasn't soul crushing. But we also know, and this is maybe his fault of his own and maybe could be why the attack happened is, Mark Cuban is 100% of a liquidity pool on a very new DeFi platform. Now, if I am a bad actor or anyone who knows anything about just navigating the internet, I might wanna screw over Mark Cuban just to maybe laugh about it. This is just what people do on the internet. So he publicized that he's a massive liquidity provider and then obviously price tanks 50% rises 25 and then drops basically 100. So I would say that Mark got hurt. I would say that he's not 100% wiped out but I don't think that he's probably playing it off a lot better than what had happened. So as any person who is on Shark Tank would as well because I'm sure Mr. Wonderful is probably in his DMs right now laughing at him. You know what I, yeah. And one thing about, so great answer. I think it's the same thing. I think he probably got hurt. There's no way he got out on stage. Nobody gets out on stage in these situations unless you're the, like you said, unless you're the first, unless you're the one to like that match. I bet you, Kevin O'Leary, I bet he's laughing right now going, you know what, because he's been talking about DeFi. And he uses these high caliber words about, you know, like, well, to be a liquidity provider and to justify your positions and to actually get into this decentralized finance is a very complex thing. And volatility is good for your bank account but not good for your stomach. And I know what he's doing. He's making things more complex and what they have to be. So he can actually go out there and create a product and go, trust me, come to me. I can make it easy. And I can make it, I can make, I can do all these things for you. That's what Mr. Wonderful does. So this is, if I was Mr. Wonderful, I would use, I would be harping on this day and night going, look, this is risky, but I can make it unrisky and I can make it easy with this new product called WonderFi or whatever he's going to call it. Hey, he might, he might hit you up for some licensing fees on that, you know? That's a good idea, WonderFi. He's, well, he's already in, you know, what crowdfunding and, you know, reggae style investing and stuff like that too. He's got a platform. I watch Shark Tank sometimes, I catch the commercials. So I know what he's selling, but, you know, it could be. But I get to further answer your second question, which is, does this come back? No, I don't think this comes back. Sushi swap was, you know, we can dig into the nuts and bolts of sushi swap and Chef Nomi and all that stuff, but this was literally the worst design of a product I've ever seen. I didn't trade the token, I didn't look into it too much. When something is catching fire purely for the whim of catching fire and doing crazy numbers, something is obviously up behind it. I didn't look too deep because I saw bad ending from the horizon, but when something goes to literally zero and the actors behind it are still unnamed and no one comes to the defense of the market even Mark Cuban says, I got rugged and this is dead, blah, blah, blah. I don't think you come back from that. There's just no one willing to step up to the plate to do that. You know, maybe someone wants to buy the token at a trillionth of a cent, but why would you at this point with that kind of brand? I see, I see Kevin O'Leary coming in and going, Mark couldn't do it, but I can do it. Watch this. I would watch them battle it out on an investment show for sure. I would love to see Shark Tank DeFi Edition. That'd be awesome. That would be fun. Yeah, so just so everybody knows, Mark Cuban is a pretty smart guy as far as like investing. This is what he would make. So he talks about how he provides two tokens, tighten and die. This is what he did. He said, and this is from his blog post. This pair is one of many. You can also see based on the 25% of volume in the swap that QuipSwap pays my return on initial investment. And he said 75,000 is an annualized return of about 206%. So when we take a look at DeFi and DeFi farming, all the things he's doing, a 206% return, probably doing nothing except for the risk is pretty darn good. And that's the whole point of the DeFi part. So let me know what you guys think in the comment section. Here is the website iron.finance, it says total value locked, $238,000. I think it's actually true, but okay. And then of course the cost, the price of now 74 cents for the stable token, nothing. And then of course point blah, blah, blah for that. All right. Minus 100%. If someone can find me another minus 100% token and put it on Twitter, I may have a prize for you. Please at me with another minus 100% token. I would love to get this train going of just the history of scam coins. That would be great to show people. But again, and the last thing I'll say about this one is be careful. When we talk about DeGro and research and everything else, take a look at the team behind the projects, take a look at the tokenomics and just take a look and say, well, there is a way to look at all these wallets. And me and Nick were talking about this before, about all the ones that are out there and who has the concentration. Like we know about Dogecoin, I know people are gonna hate on me in the comment section, but it is what it is. There is a high concentration of Doge, Doge, like in New York, Doge in very few wallets. So just be careful on that one. It's all safe. If you want to invest into it and be a millionaire like some other people did, hey, it's your choice. This is investment opinion, not investment advice. All right, let's jump over to the comments real quick and see how much hate I get for that one. Oh, by the way, Solana just went live trading on Coinbase for anyone watching. I just got that update. So Solana, maybe you might wanna go check the Solana price just for fun. Let's take a look. I'm curious myself. You know what I'm curious is how it increased over the day before there was an announcement because you know people, they know about it beforehand. Hey, everybody. No big pop yet. Down 2% and on a listing, you know what that means. This is 24 hours, it was 38. So it's down 2% on the day, but in the past what like four or five hours, it looks like it's up a few percentage points. This could be the time to jump in. Solana's a great project. I think. Yeah, we're gonna talk about ADA in a second, but Solana is also one of my other favorite L1 competitors who is also holding up very strong in terms of both BTC and USD value as well as ADA. So I very much like Sol. So if you don't have Coinbase, you can also take a look at, let's take a look at the trading pairs real quick. Binance, BitPenix, FTX, even Binance US. FTX US as well. I always tell people FTX US is a little bit better than Binance US based on some of the, based on support. A lot of them. How are the fees, Nick? Comparative, they're basically the same. I'll take it. So, but I've never had a good experience with Binance US. And I mean, if someone, it works for Binance US and wants to DM me and reach out and prove it to me, but myself as well as friends, they've had good experiences with FTX and not so much good experiences with Binance US. Nick, how can they reach you matter of fact? At Nick Sini. So NICK, C-I-N-I, very, very easy Twitter. So Nick Sini. At Nick Sini. Yep, there you go. As you guys know, bingo. All right, next piece. This is interesting. And as you know, on this show, I like to talk about Cardano and everybody says, ah, Robbie, just a show for Cardano. True. I say, I'm the king of the shills. That's what it comes down to. But you have to understand something. It's that my first biggest bag is Bitcoin. My second biggest bag is Ethereum. I'm a huge proponent of Ethereum. I want it to work. I want it to do well. But I also want Cardano to do well. And I don't care which one makes it. I'm just an investor. There's no emotion in these things. It's just, I just want these things to prosper. And if I have to be the cheerleader for all of them, I'll do it. As long as the water comes into the harbor, let's all the boats rise. I'm happy. I'm tired of the maximalism. I'm tired of getting into all these fights and everything else. If you want to invest into grass coin, go ahead, that's great. So this is just one more piece in the puzzle of what's going on with just Cardano. So Cardano's Yoroi wallet. He's going to soon enable users to interact with dApps like Ethereum's MetaMask. So what's going on here? So Immergo, first of all, we don't know Immergo. You can go to this great website. Again, King of the Shills, danteachescrypto.com. And then if you click on Aida Staking, it goes through all our staking pools and everything else. And it talks about the four different, the three different arms of Cardano. Cardano or IOHK and Immergo. Immergo is the enterprise owner of Cardano to boost the platform through commercial ventures, develop supports and incubate commercial opportunities and helps integrate businesses into the decentralized blockchain system. So they're a pretty big player in the whole ecosystem of Cardano. So what they're doing, of course they created Yoroi, but they successfully developed Yoroi in 2018 and they're working on the wall in preparation for the smart contracts era on Cardano, which should go live in August. And I'm actually pleasantly surprised that they're hitting all these milestones. You're always an easy way of sending, receiving the story of Cardano and Irgo, via mobile apps and browser extensions. And Irgo, if you don't know it, so they've created Irgo. I'm not gonna go into this big time, but if you're looking at probably one that's overlooked, Irgo is another one because it's also part of that ecosystem. It's down the day, it's ranked 145. And I think as the Cardano ecosystem starts to thrive, I think Irgo is gonna start to thrive. And it's also potentially, let me see if it's here. This is what got me. It's not just the platform, toolbox of the crypto industry, NFTs, auctions, Oracle pools. So I don't know if it can be an Oracle, but a lot of people have been talking to me about it. And I think I need to do a mobile research. Anyhow, not to get too much off, but in a tweet on today, and Irgo tweeted this, it's an all out efforts getting ready for Cardano's highly anticipated Alonso hard fork for your updates, developers are working towards implementing the required changes to be ready for Cardano's smart contracts era. Just so you know, Yoroi is, you don't have to download the entire blockchain because it's used with Daedalus like I do, you have to download the entire blockchain, it can take days sometimes. Yoroi don't have to do that, it's very light. And you can use that to, what it's gonna be used for is just for transactions for Cardano and Irgo in a very quick and lightweight. And then to finish this up, they say once smart contracts are integrated into Cardano's blockchain with the official Alonso hard fork, it will support the development of a wide variety of DAPS services, including DeFi, NFTs, and the migration of projects from other blockchain platforms to Cardano. And through these updates, we envision that Yoroi wallet will be similar to the MetaMask wallet for Ethereum by enabling Yoroi wallet users to interact with a wide variety of DAPS, blah, blah, blah. Nick, as a long drawn out way of me to explain things, but what do you think about this whole, what they're doing? Do you think they can do the things that MetaMask has already done and actually catch up? Or do you think it's just they're kind of a little bit behind? Yeah, so I think, I mean, this is just a plus for Cardano. So any news about how I interact with Cardano as an end user is good news for Cardano because all of Cardano's detractors are saying, well, I can't use anything on Cardano yet and I've been waiting. So the fact that we're getting closer, that there's tangible news, that there's physical use cases involved with the applications that we're talking about, this is all positive for Cardano. So I think this is, I don't think this is immediately bullish news, but I think if you are a Cardano holder, this is what you've been waiting for. You're definitely telling all your friends about it and you're probably marking on the calendar when it's gonna drop. So I think this is good. I don't think the code is entirely difficult to copy in terms of what MetaMask has done. We've seen it for pretty much every other chain so far has a kind of a smart wallet to interact with all the depth. So I'm sure it will be functional. I'm sure it will be working. I just hope it is not delayed. What do you think about, not to get off topic, what do you think about this E2.0 delay? You think it stops it or you think it really doesn't matter because EIP 1559 is coming in, that's gonna reduce the gas fees, we're good. Well, I think it, so in terms of how the market's looking and we'll probably talk about this later in the show, but I believe that the market, the crypto market is very much looking at things very similar to how they're looking at the centralized finance market, maybe a little bit quicker, maybe a little bit shorter term, but the market is definitely looking at least 12 months ahead, so a full year. So if it's seeing delay, it was expecting basically E2.0 to be done, full scalability to be reached at a certain time, that obviously is being pushed back. So ETH is now off the table in terms of being a savvy trade, in terms of being an on-time trade. Therefore, the market is saying, well, they're gonna delay six months, I'm gonna delay my trade probably three to six months as well. So that was why my case is that Bitcoin is a better store of value investments trade, all three in my opinion, throughout this, maybe the next month or so, due to Ethereum being delayed and Bitcoin still everything chugging along in terms of the narrative. So that's just my opinion. And I also wanna drop that MetaMask is now the Uber of crypto wallet. Everyone is comparing everything to MetaMask, which and ADA friends are gonna be mad, but further solidifies ETH as being the mainstay in the market. If you are the comparison, you are the incumbent, you have to be beaten by everyone else. And to do that, you still have to be talked about all the time. So it's not like ETH is gonna disappear. It's just less sexy in terms of a trade and an investment in the immediate term because the big development has been delayed for six months at least. You know what, by you saying that, it reminds me of an old adage about the champ. If you wanna beat the champ, you gotta knock out the champ. You can't win by points. So it's the same type of thing here. So, Nick, right now, first of all, are you more of an investor, more of a trader? Or are you- Definitely more of an investor than I trade. I mean, I'm in that 75, 25 camp. And then whenever I reach a certain amount trading, I'm like, oh my gosh, this is, I'm getting a little bit too big for my britches and then I transfer back to my investing because I am a long-term macro investor at heart. I love to look at the trends and I love to think about things in six to 12 months. But I'm also an analyst in my day job and I track the markets to a very tight and a very acute degree is what I should say. So, and then that's what forces me to trade. But the majority of my money, the majority of my time goes into figuring out what I'm gonna do with my money for a 12-month span usually. Well, let me ask you this then, before we move on, where do you think's gonna, where do you wanna put your cash flow in the next three months or so, six months as far as crypto projects? Safely, let's talk about safely first. So safely, the safest thing to do and something that is completely untradable but is very useful in terms of judging the strength of the crypto market in comparison to Bitcoin is Bitcoin dominance. And if anyone who reads the trade the chain weekly newsletter, I've talked about Bitcoin dominance for the past two weeks in our Monday drop that we do for everybody. And I think it's one of the most important metrics because understanding Bitcoin strength when alts are obviously already weakened is very important to understanding where you wanna put your money in the near term. So we all know that Bitcoin dominance has kind of been on a decline and will likely be on one in terms of the macro view until the bull cycle is over. But in the near term, Bitcoin dominance is currently rising and looks bullish, more bullish than it does bearish. So if I'm looking at that and I'm saying I'm looking at a four to eight week span, Bitcoin is the safer investment. If I wanted to park my money somewhere, if you do believe Bitcoin is gonna go down then it's just better to be on the sidelines and maybe get it at a lower price. But if you do believe that this 35K-ish range is good for you, then Bitcoin is certainly the safer investment than Ethereum or another alt play based on the narrative of Bitcoin being a store value, Bitcoin and the Lindy effects, Bitcoin and El Salvador, Bitcoin and the potential decoupling from equities, the whole commodities aspect. So there's a lot more going for Bitcoin than there is another coin out of the market and with dominance rising, I would rather hold the dominant coin, the one that pushes the others around when it's showing its strength, when it's flexing its muscles. So yeah, Bitcoin, what else would be another safe one for you? And again, this is just investment opinion between me and Nick, not investment advice, don't go out there and say, hey kids, sell your bikes, we're selling my business, I'm gonna put it on the Bitcoin. Now we're saying, we're just saying these are things that we look for as far as safety as investors. Nick, what else you got for a safe one potentially? So a way to gauge strength if you're like, I really wanna get some old exposure while they're down, I don't wanna miss out on this dip just in case this is the bottom for all coins, I would say the safest ones against Bitcoin right now, and even in USD value is what I mentioned probably five, 10 minutes ago is Cardano and Solana. And this is just strictly based on, when we're talking, when we know Bitcoin will push altcoins around and the rest of the market arounds, what is holding up the strongest during the push and pull during the rising strength of Bitcoin flexing its muscles. Right now, pretty much the strongest two coins against Bitcoin that I'm tracking right now are Solana and Cardano. And that is in both Bitcoin value and in USD value. So if you wanted to really get in on something, I think they have the most going for it. Cardano is just, Hoskinson is, he's the Elon of crypto more or less at this point. They've got a lot of updates coming. Solana is launching fund after fund after fund with partnership with this person and that VC and that private equity. So they're obviously trying to put Cardano and they're trying to put physical value in developer's hands to continue to build up the market. And then obviously Hoskinson is doing his thing and keeping the Cardano army happy. So. Yeah, and he's doing a pretty good job, I think. So yeah. He's doing a good job. Okay, take real quick. Tell me, why do you like Solana so much? Cause I know I've heard you on TTC talk about it as well. And for everybody who's big in the Solana, just put in the comments as well. Why is this the big one that actually people say it is what Ethereum and Cardano are promising to do? Is that true? So, I mean, is it true verdict is still out, but obviously we're still in very much speculation mode until you kind of, until you show me the money. And Ethereum has been under the microscope so much because it isn't purely the show me the money face, you know, work or get out of my face. And right. And a lot of people said get out of my face last month. So, but I think with Solana and this is a bit of a deeper take that I have to credit it to another individual in this space by the name of Paki McCormick who writes a newsletter that I love by the name of Not Boring. He wrote about Ethereum one day and mentioned the competitors and he actually named Drop Solana and it really got me thinking about this idea of working with or against Ethereum. Now, if you're working against the incumbent then the incumbent is going to attack you and it's truly going to be a war. We all know wars can get nasty and there can be some serious bloodshed on either side. But when you court your competitor and you say, how can we work together and share market share and increase the community, the ecosystem together, they could say no and tell you to go F yourself but they could also work with you and you can work together to then defend or in defeats the other people trying to compete with you, you know, creating a cohort of chains of sorts. So what Solana is A, trying to do is what Ethereum promised to do over a multi-year span or, you know, I should say five or six years at this point, but that's, you know, multi-chain. So it's just having your L one layer do most of the work, then having your security layer, having your network layer, having your transaction layer. So Solana is just from the get-go promising to be the kind of the future state of what Ethereum has always promised to be. But what Solana is also trying to do is work with Ethereum developers and work with the Ethereum ecosystem to create easy bridges and create easy systems in which Solana can interact with Ethereum so that they don't have to compete and have to lose market share. It can truly be a choice of whatever is the most convenient at that point in time for you, you know, in the future state as long as ETH 2.0 is alive. So I don't want to knock Cardano because I don't think Charles Hoskinson and the Cardano army are trying to start a war, but they are certainly not trying to work with Ethereum from the get-go. And that is what Solana is doing. So I think that's where the difference lies. Two different approaches. They're obviously in the lead in comparison to ETH as the leading L one. So I think those are why the, those are the fundamentals and why I believe the strength is there. Makes a lot of sense. Yeah, I never could, I couldn't really grasp it, so that helps a lot. I think Solana could be those ones. And this is the same thing I'm talking about. You know what, if this one works and it can bring everything together, why not just use that one? Right? It's just a business, stay at the emotions. Hopefully it can stay out of it. Nick. And that's the beauty of free market competition is the consumer gets to decide what to use for them. I use an iPhone. Someone else uses an Android. We still make calls. You know what I'm saying? That should be defying blockchain, you know? So we should be able to talk to each other from varying cell phones using similar infrastructure. See, and this is what I always say, like I always see Charles Hoskinson, it's kind of like Charles and Vitalik are kind of like the Bill Gates and the Steve Jobs of the day. I think they're gonna, they're gonna push each other to that edge because you need that competitor to push you to the next level. And whether they agree with it or not, I think that's what it's gonna be. Who's Larry Ellison sailing in on his yacht and he tells everyone how much it cost. Yeah, exactly. Somebody just coming in, Larry Ellison. Nice reference, Nick. Okay, so our last one, not to preclude anything. Let's talk politics. And the reason I'm talking politics is because I wanna talk about cryptocurrency. So like I talk about with the Ted Cruz snippet, if you're gonna give me a thumbs down the video, do it because the video sucked and you learned absolutely nothing. Don't give me a thumbs down because you don't like a Republican or a Democrat or whatever else. This is not about that. This is just about what's going on in crypto. So I found this very interesting. The Republican House campaign arm says it'll begin soliciting crypto donations. And just like I had talked about, it seemed like the Republican party are really embracing cryptocurrency. Like it talks about, I mean, Emery here, he's been a big Bitcoin bull. I forgot the other Senator for Wyoming who was in the Miami blockchain conference. She is a huge Bitcoin proponent. And then we saw, you know, Ted Cruz talking about how great Bitcoin is. So here's another example. The NRCC or the Republican, the National Republican Congressional Committee is proud to leave the charge and accepting cryptocurrency campaign contributions. Tom Emmer from Minnesota, that's the guy right there, the group's chair. We were focusing on pursuing every avenue possible to further our mission of stopping Nancy Pelosi's socialist agenda and retaking the House majority and this innovative technology will provide Republicans the resources we have to see. So again, before I go on, I don't want to, in the comments, that is his opinion. That's not my opinion. That's just what Tom Emmer said. I just said it's a, actually, I shouldn't have said it. No, let's be honest. But don't give a thumbs down because you know, like Pelosi or Hammer or whatever else. The big thing that I see with politics is that first of all, they're all full of it. Can we just admit that politicians, there's no really like super honest politicians. Whatever the one side says, the other one takes to the exact opposite stance. So if you're gonna see like a Democrat going, you know what, like Elizabeth Warren, so we really need to crack down on cryptocurrency and all of a sudden the other side's like, you know what we should do? We should really get into cryptocurrency. I don't care what it is. I'm just happy that one of the sides is talking about it positively. So on top of that, this is what Emmer says. The NRC said it will process crypto contributions using the payment service BitPay. Those donations will then be converted into US dollars before actually being transferred to the group's bank account. Interesting. That process will allow the, now this is fascinating to me. The process will allow the group to effectively bypass the federal election commission's $100 cap on transfers of crypto and accept donations of up to 10 grand per year from individuals. So they're like, hey, we're not taking crypto. We're transferring over so we can take more money. So I guess that is a positive. I should, who knows? Emmer's house can make committee, for example, accepted donations last year, as well as Yang gang, Andrew gang. And then the last part here doesn't make any sense to me. And this is why I'm going to talk to Nick. The proliferation of cryptocurrencies in recent years has emerged as a particular challenge for the FEC. Cryptocurrencies promise users more privacy. Yeah. I mean, if using like Monero or like Zcash, as well as freeing from central banks, that part is true, that the FEC worries will conflict with the transparency and disclosure laws surrounding campaign finances. This is just like the same type of thing we talked about as far as like elicit activities and mafioso ties, just on a watered down version that I'm saying, oh, they're going to bypass all these things and whatever else. Nick, what do you think about this? Is this good news or is this just a little bit of mediocre mixed with bud? Well, as someone who is more of a crypto maximalist than a minimalist, adoption in any form is a good sign. I have to say that. So the fact that they're working with a company to accept campaign contributions, I doubt that Democrats will say that this is stupid and they're not going to do it too. So I think they're obviously leading the trend. I think the real reason that they're doing it now and obviously publicizing it is, hey, we can go 10K now. We don't have to go 100. Send me more money and do it in crypto. So there's obviously, there's always a reason underlying why politicians are in the news. But I think the fact that crypto is becoming something that is mainstreaming up to a, make a campaign contribution for and is in the news that the people who make our laws and deal with unfortunately the structure of the operations of the nation are taking a kind look to crypto. I can't see it as a bad thing. So that's how I, that's all I'll say. I can't, I can't see it as a bad thing too. I do find it interesting though that you can only donate a hundred bucks with the crypto, but you can donate $10,000. And I find that the original, that that last paragraph that I thought was weird is that there were like, there's going to be challenges and dealing with it for campaign contributions. But if you can only donate a hundred, but then I thought I could be, I could be Nick Mancini with a VPN and then just donate a hundred dollars worth of crypto from a million different wallets, starting with a million bucks. And I guess, well, they came from random people, anonymous people. So I guess they could say that, but if you're going, if they're going to convert it from someone on the spot, then they're definitely going to be KYC. So, I think the whole $10,000 cap actually creates something to where there is transparency who is donating, but hearing that the $100 thing, I mean, I know how to exploit the crypto market and that's how I would do it if I wanted to send a bad type of money transaction. So I can see their problem with that, certainly. See? And it's better to work with a good company to do more caps with KYC than it is to have this loophole though. So I say, I see that as a good thing as well. See, this is why if you're looking to book somebody on your podcast or to get some information, you should go find out Nick Mancini here and book them on there. Great answer, Nick. I like that one. Okay. You're welcome. And then finally, let's take a, first of all, let's go to the chats. I think I have missed a couple of things here. Let me share this. What is this? senttoken.com Nick, you wanna talk about this real quick before we get to it? Sent. Yes, I can lightly touch on sent token, which is the governance token of trade the chain, which is not only a institutional grade product for finding signals and market information as well as bespoke sentiment data you won't find anywhere else. It's also a community of a few thousand traders who literally kick butt every day in the markets and talk about everything from DeFi to centralized finance and trade and learn every day. So sent token is a rumor has it that it's launching on a few exchanges in the future. One maybe this week and looking for some crazy stuff going on with sent maybe in the future. First of all, sent, yeah. Sent it was, I think it was going for 0.0 to almost three cents. And I think there's a listing coming up on bitcoin.com. I know that's happening. I know there's some other ones, but I can't say them. So if you're looking for the token itself, I did a video yesterday about MetaMask. You can check that out. And then also just so you know, for trade the chain, sentiment analysis, they scour the interwebs, they have their one of five cryptocurrency companies have a direct API into Twitter to see like what's going on. If you're looking for like something to do your own research on in the next hour or so, look at Burt coin, grin, gall and wink and I don't know what this is, dodo and decentralized. And this middle part right here, 3%, 1.9, 1.8, 1.4 with a 90% assurance that's what the price could potentially go into to fluctuate between 6% and 4%. Not to be a dead horse. Now let's take a look at what we got in the chats. Ah, my friend, Nutsax909, that's a good one. He is a college professor, I'm just kidding. He asks, what do you think about Casper? I don't know anything about Casper, but let's take a look here. Yeah, let's take a look. I'm gonna go, I'll look it up while you look it up as well. I got it right here. Casper network, I believe is what he's talking about. So 27 cents, up 7% for the day. Let's see, 500, and if you're looking for things, you can always look at CoinGecko or if you got a train and chain membership, you can take a look there where things are going. Circling supply, 592 million out of 10 billion. Oof, I don't know about that, not good. I never like coins, I have a ton of them. I just don't, let's see what it is. It's never a good sign when you're like minting more than a billion off the bat, but it can be appropriate. It can be, if you're really ambitious in trying to change the entire world. Casper is the government's token of Casper network. The role of Casper is validators, needed to pay for any transactions or as a medium of exchange between network participants. What makes Casper developer friendly? All right, user friendly, permissionless but flexible, Upgradable. There's a growing network of companies, L2 project focus on creation of decentralized autonomous companies, troubled by the high fees of Ethereum, that's positive. I'm gonna just- Oh, is it an option of Casper Labs? Maybe. Yes, I believe so, okay. Well, here's the website. If you're looking at Casper Labs, don't know, looks good, but so- My guess is, and this is pure speculation because I've obviously not looked deep into the tokenomics, but it would appear that they had a lot of VC and private equity backers due to what I understand about Casper Labs and obviously just looking at their website. And so they've likely created Casper token to operate the network, but created a massive liquidity event for not only the founders, but the investors, which explains the just absolutely absurd price drop in the beginning. So it found its price floor after the team took liquidity, which is probably why the market didn't like it too much for the first week or so. So it looks like it's finding its bottom price action doesn't look super bullish, but it definitely looks more bullish than bearish, is my opinion on price action. Well, there you go. There's your answer. Positive for that. Long-term, not for sure. I'm just an investor, not much of a trader. That, hopefully, answers your question. Alex Maschioli somewhere in the chats. Thank you, Alex, for hooking me up here. He asks, tomato coin or sent token? Well, first of all, tomato coin, I'm gonna make this announcement here. Hopefully by the end of this month, everybody who is in the DNews stakeholders is going to receive a limited amount of tomato tokens which have been minted on the Cardinal Blockchain, which will be airdropped to, again, all DNews Cardinal stakeholders, hopefully by the end of this month. So that is tomato coin, but I've also heard that the sent token, people who are signed up for trade the chain as members, are also gonna get an airdrop of the sent token. So I believe there's more information coming. There's gonna be a KYC type of part on the website and everybody can look up there. So be on the lookout for that. And then nutsack says, yes, Casper left, excellent. Okay. Yeah, expect the, expect sent airdrop info to come out this week or early next. Nice, nice. Nutsack, yes, Casper left. William Reich, thank you so much. Appreciate it. Do your own research on burn one coin, burn one today, cannabis advocacy coin. That sounds pretty good. I'll take a look. Look, marijuana is great. When I was working on the hospitals, especially when I was in oncology, the doctors would always tell, this was a while ago, we would say, hey, if you're on pain medications, you can take only so much to ease some of those burdens. Marijuana is probably a good option. I've had many patients on them and it works out pretty great. I have nothing against the marijuana. I hope it will be legalized in all states. In my great state of Texas, probably the last one, what are you gonna do? And that's it. You can always come up and visit in Colorado. I know, my niece is up there. I do like Colorado. It's a great place. Nick, before we take off, there's something else you wanna talk about, equities and something big going on. Yeah, so I just wanted to quickly just, come off the heels of the Fed meeting yesterday. Otherwise, as the FOMC is, you might have seen it on the airwaves. Just give everyone just kind of an update into why price action is just so weird right now and why everyone cared and was probably watching Fox Business and CNBC all day yesterday. So if you haven't been paying attention, obviously the Fed has introduced a lot of money or a lot of M2 money supply into the ecosystem through repos, through basically handing money to governors, through loans to banks and things like that. So we're not gonna get into all that, but the deal has been, why are you putting so much money into the system? Why are interest rates solo, interest rates to 0% and why are you buying basically nine, actually more than nine figures, 12 figures worth of treasuries a month. They're buying, I think it's actually might be 13 figures of treasuries per month. So it's crazy. And everyone's saying, and increase rates or at least tell us you're gonna increase rates and stop buying so many treasuries so that you're not the only one supporting that entire market. So basically what they said is they said that they were thinking about doing something in the future and what they're thinking about doing is what I just said, raising rates and tapering as it's called the treasury purchases, which means decreasing treasury purchases. So they basically had what is called a hawkish signal. Dovish would be, we're gonna keep pumping money, we're gonna keep everything open and free, hawkish is more, we're gonna bring things a little bit under control. And this is because inflation is the big thing in the market. And if you're in the trade, the chain community, thank you for voting on our inflation poll that we had the other day. That was really good. People are bullish on Bitcoin if inflation stays high. And so basically the Fed said, we're gonna continue to let inflation run a little hot but we're gonna think about doing the things that we need to do to bring back inflation within the next 18 months, which is quite a long time. It is a long time, 18 months. Exactly, 18 months is a very long time. You've heard people like Paul Tuert or Joan say it needs to be early 2022. You've heard people say it needs to be longer, shorter. So obviously the market is very much in argument about what it needs to be but they are in agreement that 18 months is probably a little bit too long. So what we saw now is the dollar just increased and this is mainly because they said that they were going to do something. So it's an immediate market reaction. We will see if this sticks but what is currently happening in the reaction to Jerome Powell saying they're thinking about doing something in the future is that the dollar increases which means that our money is going to be a little bit strengthened which means that equities and commodities are weaker in comparison to the dollar. Because if I can buy more with the dollar then those high equities, those high commodity prices are worth a little bit less in the context of USD. This is 4x. People in crypto should kind of get this since you trade out of Bitcoin a lot anyway. So since commodities and equities are weaker and the dollar is stronger we also add a bond pop because people are offloading bonds to probably load into the dollar because you never see the dollar move in terms of multiple tens of a percent. And in reaction to a stronger dollar commodities and equities are weakened and Alex Masioli has said this that we do not want equities to continue to get weak. So the goal is that the dollar gets a little bit weaker equities recover a little bit and that Bitcoin eventually starts to break away from equities and maybe equities go flat and maybe Bitcoin goes up. If equities and Bitcoin stay together it's going to be very interesting next six months but if Bitcoin can break away from equities then I think we're going to have a beautiful luscious amazing next six months if we can get over this home. So I wanted to let everyone know that dollar is a little bit stronger. Your Big Mac is not going to be immediately less expensive but you can definitely buy more commodities with the dollar in your pocket meaning you can buy more Bitcoin and just be careful with trading out there and look for probably mid 30s bottom as Alex Masioli and the Marco Rebellion crew were talking about on TTC earlier today. So I wanted to give everyone a Fed update because not everyone goes into how crypto is tagging along with macroeconomics right now and they're becoming a lot more intertwined. So the Fed meeting is much more important than it was a year ago, two years ago, three years ago. That is amazing. And I think it's going to be it's to see how this all plays out. Like you said, if we can decouple from equities and we can just say, okay we're not going to just ball along with that same trend Bitcoin breaks away. It could do great because Alex is always talking about these two he's like, look if we have a problem with the equities market and everything just kind of falls flat he goes, that's what's going to happen also with crypto. So if we can do that, fantastic because I worry about these things sometimes but it is good to know to see the whole story how it all works together. Nick, thank you so much for coming on. And before we go, a couple of things let me just let you know that if you're looking to book Nick or get him on any kind of your podcast or shows or something like that just you can find him always at on Twitter at Nick Sini, pretty easy to find right there. And then before we take off, Nick you already dropped some great information but any type of words of wisdom you got for people in the crypto market and traders or investors moving forward. My, thank you very much for the kind words and for the shout out please do hit me up on Twitter. I'm very active. I'm dropping Bitcoin and Ethereum data of almost hourly on there. So thank you very much for that. And I'd say the biggest wisdom that I believe right now is that the two biggest things that I'm seeing kind of run the market right now is 100% sentiment is the, you can literally see in terms of Twitter reactions and the way that people are reacting to headlines real time, the way that things are running and this is even happening in the centralized market. And I think it would do maybe TTC some service to maybe experiment with that in the future too because it just sentiment is red hot with the retail market the way it is. And I think if you're not tracking sentiment you're probably missing out on a good portion of market data that no one else is looking at. So that's my big thing. Number two is watch Bitcoin dominance. If you're tracking one chart at least once a day check Bitcoin dominance out because it's going to tell you a lot about how Bitcoin is going to push everything else around. And if you know how Bitcoin is going to push things around then you are smarter than your neighbor more than likely. So sentiments, Bitcoin dominance, check it out and you're probably going to be a better trader for it. Excellent. All right, everybody, that's it. We went, man, we covered a lot of stuff, Nick. We've been here an hour, you believe that? It was fun. I had a lot of fun. I hope the audience did as well. If you did throw a plus one in the chat we'd love to know if any of this was helpful or if we were just talking the whole time. Yeah, I think we're good. All right, so everybody, if you liked the video not the political stuff or anything else give us a thumbs up that would really help. Also consider subscribing. A lot of things we talk about are very time sensitive what Nick was just talking about as far as a dollar and everything else. Over on Dan Clips we do other stories which are the advancements in the cryptocurrency market and different projects. I'm about to head off. I'm going to have an interview with Aaron McDonald from Silo, which to me is a super app and I'll be doing a coverage over that in the next 15 minutes or so. So Nick, thanks for coming on. We appreciate it.