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Jeff
Welcome to on the chain. This is Jeff here with coast. Chip, what is going on? Chip, what's going on? Everybody out there, out there watching, out there listening. Bitcoin over 94,000 today. What is up with that? And Chip, we were talking a little bit earlier. I said, hey, do you see that? Bitcoin over 94,000. You said, well, at least XRP staying over a dollar. At least XRP staying over a dollar.
Chip
That's something.
Jeff
There you go. It is something. And there was a reverse split from Grayscale today on both their ethereum Ethereum mini trust and their bitcoin mini trust. You looked at their mini trust, it was trading around $8 and change the other day. Now it's like $42. I didn't look at what it was, what it closed at today. They did a 5 for 1 reverse split and it came from the community. People wanted more value. We're going to talk about that. Going to talk a lot about some woke stuff that's going on in the crypto space and some really great things that are going on in the crypto space because that's where we're all going. Great things.
Chip
20, 20 great things. It's been an awesome two weeks and it's only going to get better. Let's go. Hey, hey, hey. We need the. Hey, hey, hey, hey, hey, hey, hey.
Jeff
Tune in from shout out where you guys are tuning in from.
Chip
Good day. Good day, Steve Woods. Good day.
Jeff
Where you're shouting out from. Where you guys at? Where are you guys watching from? So just a quick pre announcement. We will be giving away a blue badass yetis on the show at some point during the show. Let me show you. Oops, I see the wrong monitor. What's that?
Chip
Make it big. There you go. Yeah, there you go.
Jeff
Boom. Look at that. Look how beautiful that is. Look how amazing that is. The mental look at the detail on this badass blue tribe Yeti. Look at that. Number 413. Beautiful.
Chip
Look at that.
Jeff
Look at the texture. Look at the eyes. Look at this. Everything. The suit and it's just, it's awesome.
Chip
It's gorgeous.
Jeff
Dude, it is kick ass. So we're giving away this blue tribe badass yeti. So tune in during the show for that. We'll be throwing that up actually pretty soon so you guys can start getting, getting your names or getting whatever we're gonna put in there into the, into the, whatever the thing's called. There you go.
Chip
Yeah. It's also worth mentioning that there's a big meetup coming up And Fabio, correct me if I'm wrong.
Jeff
What is up?
Chip
It's on the 29th in Brisbane. Oh, that's got some amazing. I wish we were there, Jeff, because they have some good speakers. It's like. It's a pretty. For a meetup. It's a pretty advanced meetup. So give you guys all our Aussie friends out there. Steve, I don't know where you are, Steve Willis, but if you're anywhere near Brisbane, I would get there. I'll put the. Yeah, send me the. Send me the. The. Yeah. DM me the. The tweet. So I have it handy here. But I'll put that up there, guys. But again, this is going to be a pretty stellar event.
Jeff
Yeah.
Chip
And I will say that. Man, I just really wish you there. These guys are doing great stuff, Jeff.
Jeff
They're rolling. Wave of innovation kicking ass. That's what's going on.
Chip
It's taking names to names.
Jeff
They're taking names pulled in a name.
Chip
They are about. Let's get into some ripple news, ripple events. There's some things going on here today I wanted to kind of chat about.
Jeff
95, 000. Did I miss the 95?
Chip
Well, of course we started. Every time we start streaming, you know, crypto goes up. That's right, Streaming.
Jeff
Let me open up the gecko. 94. 777. 34 cents. Ethereum holding stagnant. And you know what? XRP, this happened the other day when we were streaming also, which is interesting. Before we get started. It's got to shout this out. A buck eleven it starts. Same thing. Look at that. It's already up 4%. 4% on the hour. So you gotta do it 24 hour on the hour stream.
Chip
Just watch it keep going.
Jeff
So we're gonna watch that. We're gonna watch that number from 111 because 111 is a good number and we're gonna see.
Chip
What in the world are you talking about, Bobby? I don't know what you're talking about. Yeah, I've been to. That's gonna be funny. Jeff, I got some fun to share with you at some. At some point. I've been working on a lot of Remember my last AI songs. I've one upped myself.
Jeff
You have one upped yourself.
Chip
That's what you call for.
Jeff
Very cool.
Chip
Gasoline on a fire, man. Putting out the fire with Castle.
Jeff
Kicking names and taking ass.
Chip
Always on.
Jeff
Good evening from Scosi, Oregon.
Chip
Scott. Scott Posey, Scapus Scott Post. Rod's gonna educate us on how to say that. Rod, all your Beer and eat your roots and leaves. That's right.
Jeff
We got some kick. Always do too.
Chip
They'll probably be in conjunction with the next, you know, WI event, but ready to go.
Jeff
They're beautiful.
Chip
Yeah, they're cool as hell. My birthday. There you go.
Jeff
111.
Chip
He's the General counsel of Ripple. He said, you know, it's easy to play armchair lawyer on Twitter. People still don't want to call. We get stuck on that too.
Jeff
What is Twitter?
Chip
Twitter hasn't been around for over a year now, but it's.
Jeff
I know. I don't know what that is.
Chip
Never heard of easy to play armchair lawyer. I play armchair everything. I'm armchair lawyer. I'm Archer, philosopher. I'm armchair red pill dude. I'm really armchair everybody on X. So it's easy. He's right about that. But convincing a judge to side with you is no small fee. Crypto doesn't need to be more convoluted legal theories and structures that make lawyers rich and confused judges. Let's simplify. Tokens and transactions in them aren't securities unless they grant debt or equity interest, liquidation rights or the right to profit. Slash revenue, slash dividends. Not just price appreciation or redemption rights. Playing it down. I think this is, this isn't even like small event. It's not even a veiled like punch in the face to Gary Gensler. It's like right, full on right.
Jeff
It's a right hook, left jab and then right punch right into the gut.
Chip
It's one. You gotta have the sound effects that make it more fun. And then somebody with Ripple for eight years is finally departing, believe it or not. Emmy, yeah, she's leaving Ripple. She said after eight amazing years at Ripple, it's finally time for me to move on. I'm incredibly lucky and proud to have had been part of this groundbreaking company during such formative years in the industry and have been such an incredible part of XRP and the XRPL community. She goes on to say that I still remember my first day stepping into Ripple's old office in San Francisco in late 2016, just a few weeks after President Trump was first elected, with little idea of what the next eight years would bring. Well, we know those four years were pretty good. Those next four years notes that the first four years are pretty, pretty strong. It's a great way to start your career at Ripple. I vividly remember the first Ripple payments. Live transactions with SBI remit. The first swell. Bernanke Vitalik, Tim Berners Lee. Is that who it Is tbo. First XRP meetup in Tokyo, the first Apex in Las Vegas, just to name a few. So a huge shout out to all my colleagues, partners, customers, community members who trusted, inspired, and challenged me to aim higher and help me grow both professionally and personally. While I'm moving on from Ripple, my passion for the XRPL remains strong as ever. I'll continue to root for this amazing community after I join. After I joined Sui or another blockchain. Right?
Jeff
Exactly.
Chip
I don't know where she's going. We'll look at the pictures in a second. But I just said, where's she going? I said, best of luck to you, Emmy. I hope that you're staying in the blockchain space. And she says yes, very likely.
Jeff
Yes, for sure.
Chip
Yeah. Which pretty much is going to Cardano Adara. So there you are. Remember the eye patch days when. When David Schwartz was wearing the eye patch? So there you go there. And there's some other shots over here.
Jeff
A lot of eye patches.
Chip
Crypto cowboy. I don't know. It's Monica Long. Who else we have in here? Yeah, a lot of faces that are no longer there.
Jeff
Interesting. XRP community Day.
Chip
She's gonna be something. She's gonna do something in Web three. Who knows?
Jeff
Yeah, I think she's definitely getting ready to rock it.
Chip
But she was. I think she was a pretty. I think she was a very good.
Jeff
Yay.
Chip
Very positive. She was a good bridge between what was going on in Asia. I felt like she was a pretty good. She's a pretty important person to lose, I think, you know, especially having that, you know, really strong Asian sort of connection there, but also too. So Ripple. Let's talk about two things. Ripple put out here, Jeff. We got to get your takeaway. We gotta get your take.
Jeff
What do they give?
Chip
What do they do? Read this first one here, Jeff, and I'll read the next one.
Jeff
The next phase of Ripple. Wait. Unlocking opportunity. Oh, this sounds good. We're gonna unlock some opportunity. The next phase of Ripple. And the what is. What is MC Social Ventures Partnership. Mercy Core. Mercy Core Ventures will invest in the emerging market entrepreneurs and pilot innovative financial resilience and humanitarian solutions that are all built on the xrpl. At least something's being built on the xrpl. That's cool. Learn. Learn how we're advancing equitable access to finance. They're always looking for new names to this whole Access to finance before it was, you know, bank the unbanked. But I'm. I'm into it. You know, they Want to help some humanitarian causes and they want to go over there and build some projects, but not just give. I want to see them educate, find a way to employ, find a way to help people, you know, grab, grab themselves by the, by their bootstraps and lift themselves up. You got to give them a, maybe a little bit of a environment to, to be successful. Give them the, the tools, teach them how to fish, you know, and let, let's set them, let's set them free and see what they can do. So this looks very, very cool. You know, 1500 startups, that's how they're evaluating what kind of investment they're going to give. What is this going on?
Chip
Well, it's, it, it's really around, it's around startup founders who tackle critical financial inclusion. So depending on, you know, kind of like giving more people access to the financial sector is really kind of like, it's really what, it's what, it's really onboarding more people. Right? I mean there's always one involved with financial services, but this is getting the folks that are not involved. So I think it's ultimately a pretty good, you know, they've had this partnership with Mercy Core Ventures supported investments of 54 early stage companies, 44% of which have at least one female co founder. See there John. Which has resulted more, which is good. You need more women in there.
Jeff
Yeah, I see a lot of 500 million DEI terminology being interwoven into this whole article.
Chip
Inclusion, this is the, you know, the diversity, equity, inclusion. They basically that's what this is. Without them using the word that's not a, it's not a good thing. But they invested over $500 million in funding, which is, which is good. So among Mercy Corps Ventures investments are a. Jarrah and bitmama, two standout startups advancing financial inclusion across Africa. Ajara is a pioneering fintech based in Cameroon. Offers accessible savings and investing products like tokenized assets like government bonds. Meanwhile, Bitmama leverages stablecoin infrastructure to address key market challenges including currency devaluation, dollar shortages and high remittance costs. You know, this, I applaud this. You know, look, it kind of touches some things that were a little interesting. But listen, the problem is, is you got to have, you got to have vehicles for people who are doing something good in the sector. If you're onboarding new people, they're, you know, especially inclusion across Africa. It's a massive opportunity. So, you know, it's, I don't know. Overall I think it's great. I think especially $500 million. That's a pretty hefty investment. It's way more than Ripple. And they're sitting on what, billions of dollars here.
Jeff
I mean billions. Yeah. Throwing that 500 million chip. I, I like it. This is the second time today I'm coming into contact with Cameroon. Spoke with somebody earlier based out of Texas and they have a non profit actually building a medical facility over in Cameroon. And so I found that to be really interesting. There's a lot of infrastructure build out has been for many, many years going on in Africa. The, I think some of the downfalls that I've seen, they have different outreaches where they just send help but they don't send the education that goes along with it. There's never been or there's been very, I don't say never, but there's been very few organizations that go over to these regions and try to find actual solution to the real problems. Right. They're like the United Nations. They just want to continue the problem because it's a revenue stream for the United Nations. But you get a group like this, they're talking about, you know, currency devaluations, they're talking about dollar shortages, they're, you know, all the remittance costs. They're, you know, they're trying to figure out how to address, you know, the big challenges across the board. I mean it's highlighted right here. Right. BitMama leverages stablecoin infrastructure to address key market challenges. If they can take, you know, and simplify the process of moving money and access to money, access to funding, access to the means of, to you know, start earning. And you know, the biggest issue and a lot of those, well from a financial perspective is access to banking infrastructure. So they're not, they don't have the earnings, they don't have the mechanism. So I'm excited to see that there's, you know, some solution here and they're not just giving it to these big organizations where maybe 1% goes to the people and it's always in handout, it's never in. We're going to help build and help you build the infrastructure to support yourself. You got to get to a point where there's self reliance, otherwise you'll never get development. I saw the same thing happening in Haiti. There was a group that I knew here that was doing outreach into Haiti. Same thing, it was all, you know, based on, around the medical space and they're helping to educate nurses and doctors in the use of certain types of equipment and certain types of procedures. And they would send all sorts of different people down there from IT to help rewire hospitals and putting WI fi within the hospitals and having full networked computers to bring in equipment to the education to the trainers. And when they left, they would make sure that the people were self sufficient to do whatever they had to do. And they would only pick out facilities where there was no, you know, limited corruption. So a lot of times, you know, the environment is so ripe with corruption that as much money as you send down there, whatever you send it ends up getting stripped away and you never see the progress. And obviously, you know, you see what's, you know, Haiti imploded. But as we're starting to see like a region like in Africa, if they can find this, me, this mechanism. And then also at the same time at least have a government that is accepting of the, this kind of a doctrine, right, of changing the dynamics on the ground to help the people. If the government doesn't want that to happen, they want to continue oppressing their people or they don't want to have an environment of safety and security for the people to succeed, then it ends up falling apart and then money goes. But I'm starting to see, like I said, Cameroon is I think the next, you know, big investment space is what it is what it seems like right now.
Chip
You know, also this, if you think about accessible savings, right? I mean the whole idea of being banked, everyone just takes it for granted and thinks everyone's bank. But you know, you may not have. And this is how you do it, you do it through a mobile phone, right? There's no banks. I mean there's a lot of, there's a lot of. The infrastructure is not the same where there's a bank on every corner, right? It's just not that way. But everybody has a phone. So now with the phone you give, you're giving access to like investment products, you know, tokenized access. These are normally things that wouldn't, you wouldn't even know about. But the fact that you're, that's becoming available. So it's a great, it's great. I really love the fact that they've given out $500 million already, right? What was this question? Jim D's question.
Jeff
We have a show tonight.
Chip
Every time, every Wednesday night. My man. Dude, you know, you're, you're every day, every Wednesday night. Put it on your phone. Wednesday.
Jeff
Well, considering that Wednesday, 8:00pm Eastern Standard Time, Sunday, 8:00pm Eastern Standard Time. And what other day, guys, what other day do we stream Saturday mornings? Saturday Mornings. Well, I got the notification. It came at 8, 10.
Chip
I still didn't get it. Nothing. I got nothing. So check this out. I wanted to. So Crypto G, I had the awesome pleasure of meeting in person finally. We. I remember he was down here in. In Florida one time. We were trying to meet up and I guess Crunch, he was in Lauderdale. We're going to try to meet up. We never did. But I got to meet Crypto G and I was gonna. I was gonna. I was like, let me show a picture. I'm like, wait a minute, I can't dox him. I can't show a picture when you weren't here the other day, Crypto G. So I was going to show a picture, but if you don't mind me showing a picture, I will show a picture. If you don't want to be doxed, then just say, keep moving along, Chip.
Jeff
Along, Chip.
Chip
Happy to do that too. But yeah, it was a cool. It was cool sort of, you know, hanging out, meeting. This was one of the highlights, man. XRP up from here. Of course. Dude, I hope you're not driving. Imagine he's driving.
Jeff
I gotta slows up. So Chip, let's get. Let's get people thrown in.
Chip
Yeah, I did see it. That's what I was just talking about. I was at the Atlanta premiere and I saw. I met a bunch of people up there. I think I talked about this before, but I saw Brad times that one. That was interesting conversation. I feel another AI song coming on and which will detail what happened there. But Crypto G, I don't know if you remember. Well, I'll have to chat with you offline, but that got into a shouting match. It got pretty loud and heated. I just asked him why he blocked me to turn this whole big thing. And then I might have poured some gasoline on that fire and made it rage a little bit. But I was just trying to. I was trying to extend my. My thought was extend an olive branch. I talked to De Dai and I talked about 10 minutes. We chatted about the Trump election. We talked a little about Crypto. Had a good laugh or two. It was really funny. I'm still blocked by him, but, you know, he was a gentleman. He was.
Jeff
Did you guys talk about Liechtenstein and Big Boy Pants?
Chip
No, we didn't talk about. We talked to.
Jeff
We came up a conversation though.
Chip
I think we some. That cat came up coffee. I saw William Duval was there from Alice in Chains. He was. He was really cool. He was hanging out like in that same circle with, you know, DEI and I saw Ray was there interviewing everybody, which was pretty cool. It was good. It was good. Now what's really weird is I saw the documentary but one of our pals from that we were hanging out with over there in, in Australia with, from LA and name escapes me at this moment. I know who he is on, on X but he had pinged me and said hey Chip, you know, you were, you were in that, you made the doc. And I was like dude, I was there, I watched the doc. I remember he goes, they threw a bunch of like posts like from ACT up there. He goes, I recognize your, your PfP, so I recognize you.
Jeff
Look at that.
Chip
So now I gotta buy the movie and see, I gotta comb through it to see if I'm in there. But John Deaton had the best segment in there, I think followed by Jimmy Valley did a great job too of connecting dots. And he was actually, he, he stole. He had some funny moments in there. Brad Kettle was good. Brad Kes was kind of setting up the whole kind of the timeline. It was good. They cut in between stuff. A lot of the stuff that we talked about here, you know, it just reliving the whole thing. They got into some stuff that talked about China and Bitcoin and, and Ethereum and the whole ethgate thing. So they kind of drew some parallels there. But, but yeah, pretty cool. Really good. They just had all the premieres. The last one was last night in la. And most of the part, a lot of them basically went everywhere. Ray Fuentes went everywhere. He was at every. All of them. So I know John Deaton went to the one in Boston, but it's not called XRP Unleashed anymore. It's called Rigged from the start. They changed the name of it.
Jeff
Ah, there we go, Chip. It's a buck 12.
Chip
Now we gotta stream all night, get.
Jeff
The penny, then sell, then calls and tell him to bitcoin going to 95. So chip, what's. What's the word of the day?
Chip
Well I, I'll tell you what the word of the day is. I'll put it up in a second. It's called if you go woke go broke. Now if you're, if you're the iconic brand that goes by Jaguar. Jaguar we call it here, but Jaguar. Oh my God, you just destroyed your brand with woke.
Jeff
Did you see that?
Chip
And through. And you're the last one that's going to know when you're, when your brand is done and you've, you've. They're doubling down on stupid. But if you're that bad, then you're, you know, you're in trouble. But that second word is that whole thing about the woke stuff. But Jeff, this one here, this one is a puzzling post by Ripple. We're excited to announce the purchase of sustainable aviation fuel certificates through a partner watershed as part of Ripple's commitment to achieving net zero carbon by 2030. The investment will add sustainable aviation fuel to Alaska air passengers flights while offsetting travel emissions. This is the biggest pile of heaping steaming bullshit that I've seen in a long time. What does this even mean, Jeff? Aviation certificates? And how is it gonna, how are you gonna get net zero carbon by 2030 with. With fuel, Jet fuel. You know, the famous Rush Limbaugh would always say, when they figure out, fly a plane and move heavy machinery and buses and stuff fuel, then it'll catch on. Until then, if you can't fly an airplane with solar or sustainable whatever, there's, there's no such thing. And half the time, like these big wooden factories they have, it ends up killing birds, kills bald eagles. They put them in the water off of Nanta or over, off the coast of Massachusetts there where all the rich people live and they were pissed off and it's killing fish and just a real bad thing, Jeff. But what do you think about. What is this?
Jeff
Well, you know, when we, when you look at stuff like this, you know, I like Chad is saying it's a race to tokenize carbon credits. Hate it, but get rich on it. So I'm trying, I'm trying to, trying to figure out what, what exactly is sustainable aviation fluid? Our fuel fluid? What is the sustainable aviation fuel? Well, I mean, what, what are they?
Chip
This is what I'm enjoying tonight, guys. In case you drink, it's just drinking some liberal tears.
Jeff
You gotta love it. Liberal tears. I'm, I'm just, just trying to figure out, you know, where, where this all goes. You know, it just makes no sense. It's kind of like when you pay your, your carbon credits when you're flying, they're like, oh, you can pay your carbon credits or your carbon tax. I mean, it's all, it's so ridiculous. All right, are they talking about, you know, what does this mean? Like, give us an idea of what it means. How do you then become, you know, carbon net zero? I mean, overall, right, you still have employees there, right? They're still exhaling air, I assume, right? I, I would assume they're breathing in oxygen and converting it. So if you have a building filled with these people, how Are you operating your lights? What does it really mean, you know, sustainable? Are you buying offsets? So you're still using carbon burning fuel, you know, so you're still generating it, but you've somehow offset it because you've bought something. Is that what it is or what exactly is it?
Chip
Let's find it's made from renewable resources. Has, has the potential to significantly reduce greenhouse gas emissions. Right?
Jeff
What, but what does that even mean, though? You know, I mean, you look at the science at, you know, we see these companies, they keep talking about it, they, they buy into it as though it's somehow, you know, a set science. Right? I mean, you know, and then you see the other side of the science. The scientists come up and they say it's, it's nonsense that the founder of Greenpeace said it's nonsense, you know, and so you get all these people and you look at it so we have two sides, two different arguments that, that we're going down, you know, and they can do whatever they want. They want to invest in stuff like that, but broadcasting it. We're already over it. We've gone beyond this stuff. Nobody's passionate about the DEI stuff anymore. They got to get over this whole. Is talking about the buzzwords and the net neutrals and all this stuff. Just go back, focus on building companies, generating revenue and stop talking about the woke stuff. That's my take on it. Especially if it's not real. They're talking about by 2030, then you don't even know if the technology is a legit technology. You don't even know, you know, are there, you know, is there really this, this major issue? Are we melting the ice caps and the ocean's going to overflow and flood all the lower plains? Is Florida going to disappear? You know, and then why are all the, you know, the rich liberals buying waterfront homes in Miami? You know, tell me, you know, try it. Just nothing's rationalized other than there's money, there's profit in, in these fake tax dollars that they're trying to raise. You know, it's just the whole thing, they just want to limit, you know, people's access to, to other stuff. You know, it's too much. Just sounds like a confusing rabbit hole. It's exactly what it is. It's just too much. Why, why go there? I don't get it.
Chip
It's garbage, man. It's garbage, dude.
Jeff
A couple, a number of years ago, I was working over in India and I, and I saw Tata. So they had some really interesting trucks Back then, before they bought Land Rover and Jaguar, Tata Motors over in India was pretty big and their trucks were actually pretty solid. I took a seven hour drive from, from Mumbai, Bombay area, all the way up to Ahmedabad, up through the mountains and the stuff. It was pretty solid, man.
Chip
Well, in 2020 I went down to. So in Chile. They're pretty big too. So my brother in law has a, he let me drive it too. It's a monster. It looks like a monster Land Rover, huge truck. And you look, you go like, dude, this looks. And it's a big ass truck too. He's got a, you know, he's got three kids and. But we, we were all able to fit into it and. But I felt like it was pretty good too. I was like, Tata like look it up. I'm like, what is this? I've never seen this before. But yeah, it kind of looked like a, kind of a knockoff, like a Range Rover. And I don't remember when they bought Range Rover, but, but I, I'm just shocked that they're, that India is gonna. I don't know if you guys have seen it. Maybe we'll pull it up here. But it's just, it's, it's a way to destroy your brand. I mean it's, it's a master class and how to destroy an iconic brand. They rebranded it, they took away that, you know, the, that cool Jaguar sort of, you know, that they used to put on the front of the cars and, and they made it some generic crappy font. It's bad stuff.
Jeff
All right, this is interesting. Tata bought Land Rover and Jaguar in 2008. So it was kind of at the height of the meltdown. Then the brands officially joined Tata in 2013. Tata. So they, they joined under Tata and became Jaguar Land Rover Limited in 2013. So it's in. I, I was there definitely, you know, after the purchase then. But I don't know that they were able to put them into production that quick. But maybe there was already some sort of a 13. Yeah. Relationship at that point.
Chip
XRP 113 right there.
Jeff
I'm looking at coin gecko and it's still a buck 12.
Chip
So hopefully, hopefully the fifth alt power. Yeah. So air powered it looks like. So you know, you've seen Charles Hoskinson talking about, you know, chatting oh, disease.
Jeff
The Ying to cops. Yang. That's right.
Chip
That's right. Yeah. And we could probably have a stale. We could probably freeze it if he goes live. If we go live, we'll freeze it. Jeff won't Go up in a week.
Jeff
We'll have to do that when it's 589.5.89. We'll stream. We'll get him to stream. We'll freeze it for it. We'll just keep streaming. You're frozen forever.
Chip
So, Charles Hoskinson. Hey, great talk to Joel, David Schwartz about Midnight and xrp. Wonderful technical conversation. David Schwartz says, a pleasure talking to you. Midnight sounds extremely interesting. If you guys are wondering what the hell's midnight? So it's going to be this airdrop development. Cardano founder Charles Hoskinson recently gave hints on the eligibility criteria for the airdrop. Hoskinson shared new information about Midnight airdrop during a surprise ask me Anything session on November 17, triggering both excitement and discussions within the Cardano industry. Midnight, It's a privacy focused sidechain under the Cardano ecosystem looking to revolutionize blockchain privacy. However, questions about eligibility and distribution mechanisms remain unanswered. But supposedly, if you have Cardano, I don't know what the qualifier is, but you'll be able to get this airdrop. So I don't know how that's going to actually work, but I guess we'll find out more on it. Jeff. I don't know.
Jeff
I know we will find out if we ever get there.
Chip
Trying to make that sort of a cross chain too. The other thing that I saw, you know, to kind of counter all this. Who did I see? The cur. The cure to the curse. Well, let's not go that far. I wouldn't know if I'd go that far. Somebody else said it here, all this habitable stuff. But I thought, Jeff, it would be really exciting. And when I saw this, this, this, this is probably my video of the week. Only because I, I, I, I couldn't stop laughing. It's just, it's just that it's that good. Let me pull it up here. Hang on. Here it is, dude.
Jeff
The BTC Mini Trust closed at 42.15. Nice.
Chip
Ask me if I care.
Jeff
Solid. It's going up. Keeps going up.
Chip
Yeah, because bitcoin keeps going up. So it's not a look at. This is Steve Daines. Guys, just pay attention to what he says here.
Jeff
95.
Chip
This is so awesome.
Jeff
Hi, I'm Steve Daines. My pronouns are Republican majority. I have a, I have, I have a simple message for Chuck Schumer and for Bob Casey. It's over.
Chip
Oh, it's so good. We have to watch that one. My Jeff, you know what my pronouns are? The first one starts with f. The second one starts with you. Can you figure it out?
Jeff
That's my. Hang on real quick. Buck 13 hit on coin gecko.
Chip
Well, there you go.
Jeff
You saw it here first. Hi, I'm Steve Daines. My pronouns are Republican majority. I have a. I have. I have a simple message for Chuck Schumer and for Bob Casey, please.
Chip
What is it over?
Jeff
Over.
Chip
Thank you. I love that. Now, did you see Chuck Schumer? I think we did that bit when he got on the floor of the House and started crying. Preach across the aisle and time is shown. No, dude, this is called mandate. And then the new one by the mainstream media, Jeff, the new thing they're doing now, we've gone back anytime there's been a so called mandate, and this is the weakest mandate of all. And I'm like, really?
Jeff
Right.
Chip
You lost the Senate, you lost the presidency, and you lost the popular vote. That's called a route in my book. That's called a route. And by the way, Jeff, and you.
Jeff
Don'T have the Supreme Court.
Chip
Can you do that with your thumb?
Jeff
I cannot.
Chip
I don't know, I feel. I feel kind of weird because every once in a while I do that and people are like, your thumb doesn't.
Jeff
Weird thumb.
Chip
It's weird, right?
Jeff
Go backwards.
Chip
I can do that too. I don't know.
Jeff
Really strange.
Chip
Anyway. What kinds of. I thought that was just absolutely 100.
Jeff
Fantastic from the liberal toilets.
Chip
Let's get to the video. So Brad Garland house was on cnn. It's so weird, Jeff. He seems like in a really jubilant mood. He seems very giddy and happy on all these things. Like I've never seen him before. And he's so happy. You can do that.
Jeff
Like you.
Chip
You just turned here the other day, bro. When? When? When? On Sunday night. I was particularly looking for you talk about the KC Bills game and you were like, justin didn't show up. I was like, dude did not show up. But don't worry, Justin, you guys win the Super Bowls, you're going to three peat this year. Because when you lose to the Bills in the regular season, that means you destroy him in the postseason and go on to win another Super Bowl. So all is good, man. I thought I said to say that.
Jeff
Chad identifies a conspiracy theorist. My pronouns are I told you. Oh, this is I told you.
Chip
I told you. That's what. That's what James Rule always says, I told you keep.
Jeff
Adrian wants to be kept informed on that airdrop. Which airdrop were we talking about?
Chip
Crypto G. Are you still here? Dude, did you say I could show that picture of us or.
Jeff
No, he did not.
Chip
He left. Dude, he bailed. I don't even see him in the comments.
Jeff
As soon as you. As soon as you said that, he's gone, he's gone. Boom. Just like that.
Chip
All right.
Jeff
And then Rod was mocking the way we're saying the name of his town, which was. I mean, if I was to read that. What does that say? Scapus.
Chip
Scapusi got posted.
Jeff
How do you say so?
Chip
Why don't you tell us? We'll give us.
Jeff
Right there.
Chip
Scapus. That's what I said. I think there's no.
Jeff
Pronounced like a native baby or young child.
Chip
A papus.
Jeff
Papus. Except there's. It's not Papus.
Chip
You know, I've never. I never knew there was a town called that.
Jeff
It's not Papus. It's Scapus.
Chip
All right, thanks for educating.
Jeff
Why don't. Why don't they just spell it that way? Make it a lot easier.
Chip
I don't know, man.
Jeff
And the confusion.
Chip
Have all those French sounding names. You're like, what the hell is that you always mispronounce like a jerk.
Jeff
There he is. He's here.
Chip
I'm here. Show it. All right.
Jeff
All right.
Chip
Go it here. Here we go. Ready? This is. This is. This is up at the Atlanta premiere. Let's see if that comes in there. But. There we go. There I am with Crypto G. Could have a better smiley face, but yeah, man, we hung out. It was good. I loved it. It was a good thing. What did you think of the movie Crypto G? Do you think it was good? He's like, lol. He's here. He's like I'm doing in the background. Don't mess with me, man. But yeah, it was. It was good, man. I really. It's. I'm finally glad we got a chance to meet, man.
Jeff
Put up the thing. Let's get some. Let's get some words in there. It's already 36 minutes in. Yeah, just type the giveaway rolling. What's the name? Just type in the word ti word capitals. Type in yeti. Y, E, T. That's a 2. All capitals.
Chip
Music was a little loud in part. Sometimes I was struggling to hear Crypto G. Did you see. Did you. Someone new Avatar. I saw my. One of my posts on. On X there. I didn't see it.
Jeff
Type in yeti. Start typing in yeti. And we're gonna give away a blue badass yeti soon. And it's not just any blue badass yeti. So this from the blue Tribe. This is one of my favorite. Actually, it's one of my favorite. This is probably my favorite. I love this one. I love the mentalists. Plus you know, they're, they're dangerous. So there you go, there's a mentalist. And that is number 413. We're giving him away pretty soon. A badass yeti from the blue tribe.
Chip
We are. Before we do that, there's one other thing I wanted to share here from yeti. Yeti show up here. Look at this here. So Elon, Elon Musk posted this. You're like, what does that mean? And then Emmy said it means wabi sabi. It's a Japanese aesthetic, defines beauty and imperfections and incompleteness. It's a worldview that embraces the transience of things and the pleasure of accepting their flaws. The term comes from the Japanese words wabi which means less is more and sabi which means a attentive melancholy. This all comes down to one point. Let's appreciate and enjoy the present moment. Enjoy it. Enjoy what's going on.
Jeff
The moment.
Chip
I thought that was good.
Jeff
Remember the moment. Don't ignore the moment. Can't always live in the future.
Maria Bartiromo
Has been. Take a look at bitcoin this morning at 93,007 61 the crypto one a new all time high of about $94,000 yesterday as the Trump rally continues. Trump media and technology group also reported in advance talks to acquire crypto Exchange backed back says it does not comment on quote market rumors or speculation that.
Chip
The Trump media is looking to acquire.
Maria Bartiromo
Backed acquisition would mark Trump's latest move into the world of crypto after promising to explore crypto friendly policies on the campaign trail.
Jeff
Right.
Maria Bartiromo
Joining me now is the CEO of Ripple, Brad Garlinghouse. Brad, great to see you.
Brad Garlinghouse
Very good to see you.
Maria Bartiromo
Thanks so much for being here. Ripple fits into this whole crypto framework that we're actually understanding better and better recently.
Brad Garlinghouse
So from the earliest days Ripple has been focused on solving the problem around cross border payments. It's slow, it's expensive and we use a digital asset called XRP to help speed that up, make it very inexpensive and very reliable. But as you know well is the US has had this very hostile. The Biden administration has been waging a war on crypto and I think an unlawful war. Courts have agreed with us on that and we're finally seeing that kind of unlocked in a Trump embraced crypto and crypto embraced Trump and I think we're seeing that reflect in kind of how the markets have reacted since we called it.
Maria Bartiromo
So for RIP We. Do you think that this also unlocks new revenue opportunities for you in the US Because I know the, the customer base largely outside the U.S. you're exactly right.
Brad Garlinghouse
You know, the United States SEC filed a lawsuit about what is XRP four years ago. And so that kind of froze the U.S. market opportunity for us. You know, if you're a U.S. bank or U.S. financial institution, you're like, let's just wait and see how this plays out. So 95% of our customers are outside the United States. And finally, I think we're at a point where we can actually see growth and see the crypto industry thrive here in the United States. The largest economy in the world has really been leaning out of the crypto.
Maria Bartiromo
Economy and giving it up to China.
Brad Garlinghouse
There's no question, like, it's growing in the UK it's growing in Japan, it's growing in Switzerland. These are big economies that are leaning. The US really has been the outlier in many ways.
Maria Bartiromo
That's a great point. So talk to us about your outlook for crypto under the Trump administration and this deregulation that Trump is underway. Thinking about and talking about, look, he's been putting together a cabinet. We still don't have his idea on a securities and Exchange Commission head, cftc. All of these agencies want a piece of. You want a piece of the crypto industry. They all want to have some kind of a regulatory, you know, role here. Do you think you get more clarity under the Trump administration? We running things?
Brad Garlinghouse
Yes, we want them to have a role. And as you know. Well, one of the biggest problems the crypto industry has had isn't the idea there's too much regulation. It's just the regulation is not even clear. We're trying to apply laws from literally 1946, a famous Supreme Court case called the Howey Test, to we're trying to apply that to a digital asset industry that's been developed in the last 10, 15, 20 years. And so it just doesn't fit. And I think as we bring this, this new kind of really, the Trump cabinet to bear getting those clear rules which we've been asking for, for, you know, under the Biden administration for years, I think we're finally going to get that clarity which will help the US Lead again. And I think, you know, Trump talks about making America great again. I think he's going to make crypto great again in the United States.
Maria Bartiromo
He certainly talks about it a lot and wants more in terms of the US role in that. Trump reportedly meeting privately with the CEO of Coinbase, Brian Armstrong, on Monday to discuss key appointments for the second Trump administration. So Fox Businesses Edward Lawrence spoke to Coinbase Chief Policy Officer about that meeting. Watch this.
Edward Lawrence
We're gratified by the degree that they've, the Trump team has had an open door with us and given us an opportunity to talk about our vision about crypto and, and to see them ultimately adopt much of that. We're very excited to do our part to fulfill the President's vision of making the US a crypto and digital asset leader of the world. There's a lot of work to be done. There was a lot of damage done over the last four years that all of us in the industry and working with our policymakers can, can kind of get going on to restore the US's position as a global leader.
Jeff
Well, Chip, this just got a comment and we're, you know, there's, there's a lot to play on this, this is, you know, vindication once again. We called it right in the beginning. We called all of it right. We've been, we've all been going through this turmoil. There are all these fanboys on, on x and on YouTube that kept saying, there's a pivot. There's going to be a pivot that you, that look at how the left and, and Kamala, they're embracing, look how they're embracing crypto. And no pivot, no embracing of it. And the other thing was, you know, trying to decipher and read Brad's Brad Garling house throughout this whole thing. And we always said it was always like a strange kind of relationship. You know, we'd always go back to Ripple, hiring so many woke people. But now we're seeing Chris Larson on one side, Brad Garland's coming out, you know, and he never fully comes, you know, I mean, he's running a company, but the guy, you know, obviously you could see where his passions are and he knows exactly what. He's not under any false impression that there's still going to be some sort of a pivot. He called it out. You know, he's very, very clear that the past three and a half, four years has been devastating for the crypto, the crypto community, devastating for development in blockchain, devastating for his company, and devastating to investors, you know, overall. And, you know, seeing what's going on with Trump and he's super positive and uplifted about it, man. He's just, he's fired up. He's also, you could see the energy that he's coming. You know, he's always super positive, but now you can see there's like a weight lifted. And it's not just a Gary Gensler weight, it's that it's a tremendous, you know, boost what we're going to start seeing coming forward. And this Brian Armstrong thing also, man, things are heating up. You know, this would not have happened. This would not have, there would been zero, zero pivot. None of this stuff would have happened. They would have taken it even harsher role because then they would have been vindicated based on the socialist stance that they were cramming down everyone's throats. They would have destroyed any border wall. They would have opened up the floodgates. They would have taken your money, they would have tripled your taxes. It would have been horrible. That's why it couldn't happen. Plus, Chip, I think we needed the last couple years for the majority of the people to start waking up. And this is, this is amazing watching this. This is, you know, really, really impressive and very important for the direction we're moving in. Thoughts?
Chip
Well said. Well said. And I think what I love about this whole thing, it's been two weeks.
Jeff
Two weeks.
Chip
Basically two weeks since the election. Right. So 14 days have passed. What's, what have we heard so far coming into, you know, conflicts. You know, people want to like everybody's rolling over and these leftist leaders like Harris Starmer is just, you know, he's, there's like him meeting with, with Justin Trudeau, two lefties who are on the backside of history and they're gonna, and Trump's gonna teach everybody again. You're gonna see another wave. And we saw it happen with Bukele and El Salvador. We saw it with Javier Malay in, in Argentina. Right. You saw it to some degree over in Europe with Gert Wilders. We saw a little bit of this, you know, even though his government, he didn't form a coalition. But you're starting to see the bubbling up and you're starting to see this stuff is, is going, yeah, we are so back, man. Let's listen to the end of this because I like this interview. It's a little bit longer and you know, you get to sit on the chair with Maria Barcelona. That's all. That's different than being, you know, videoed in and for like a three minute interview. Right.
Maria Bartiromo
I'll tell you, I think it would speak volumes if Trump put in a crypto expert in the sec. That would be unbelievable. Or cftc. Where does Coinbase fit into all of this?
Brad Garlinghouse
I mean, Coinbase has been a really important, important voice in this. I think, you know, three key players came together during this election cycle. Coinbase, Ripple and Andreessen Horowitz came together to really make sure that crypto is front foot on the agenda. And I think we will get someone at the SEC who is very familiar with crypto. You know, there's a couple names still in the mix that I think are very strong candidates. And the nice thing is these are people who don't go in with a we're going to attack this industry. And it really did turn out to be at a minimum, maximum unethical and a maximum unlawful. And again, federal courts are saying that not just Brad Garlinghouse.
Maria Bartiromo
Right. And Trump has talked about the stablecoin industry as well. You're about to launch a stablecoin, is that right?
Brad Garlinghouse
We are indeed. Ripple announced not too long ago, we're announcing something called RL USD or Ripple USD. The stablecoin market now is 170, about $180 billion. And the largest player is called Tether. We think there's an opportunity for the ripple of the world that we're institutional use case selling into banks, solving that cross border and really making payments cheaper, faster. We think this is a perfect use case of these technologies.
Maria Bartiromo
I can understand because slowly but surely you're seeing financial services get it and start implementing crypto stablecoins in their businesses. Trump, of course, has vowed to fire SEC chairman Gary Gensler on day one. I said take one. And Gensler has recently signaled that he may soon resign after president elects Trump's massive election win. Some of the rumored contenders Trump is considering for the chairman of the sec. Brad, and I want to get your take on what's the most important thing that that person I think should do in the early days of this new role at the sec. Should one of these folks get them?
Brad Garlinghouse
I think working with Congress and identifying here is the gaps in the existing laws that create the confusion. I think, you know, I don't know all those candidates personally, but there's a bunch of very strong candidates up there that I think aren't going to pretend that, hey, the rules are clear. Gary Gensler would testify in front of Congress and literally say the rules are clear, but in the next sentence he wouldn't answer the question is ether security? So to me, it's just this, you know, head in the sand. It's such a, it's a new dawn for crypto in the United States. And I think we really can make this the heartbeat of the crypto and blockchain industry in the next five or.
Maria Bartiromo
10 years for so many people. They feel like the people who are writing these rules, writing the framework for crypto, actually don't understand it. I mean, do you think Gary Gensler actually understands the crypto business?
Brad Garlinghouse
You know, one of the most frustrating, frustrating things about Gary Gensler, he actually taught classes at MIT about crypto. And if you watch the videos of him teaching these classes and then you listen to him after he became the chair of the SEC under Elizabeth Warren's.
Maria Bartiromo
Kind of guidance, I see where you're going.
Brad Garlinghouse
It was a night and day difference. And so.
Maria Bartiromo
So he is smart, he understands, but he's political.
Brad Garlinghouse
Extremely. And hypocritical. You know, look, literally the federal courts were calling the S. SEC under his leadership. These are exact quotes. Arbitrary and capricious, failing to follow a faithful allegiance to the law.
Chip
Wow.
Brad Garlinghouse
They were even sanctioned in one case in Utah that the SEC was sanctioned by a federal judge. This is not what we want from our government institutions. To work for the people and to actually protect investors.
Maria Bartiromo
All right, we will leave it there. Brad, great to see you.
Brad Garlinghouse
Great to see you.
Maria Bartiromo
Thanks so much. Great insights from you. Brad Garland.
Chip
It was a flawless interview. He was so on point and everything. And he seems excited, he seems so, so upbeat. And he's able to criticize this current administration, which he didn't want to be for because you don't need other people coming after you. But now that they're on the way out the door, and I hope the door does hit him in the ass on the way out.
Jeff
It's big time.
Chip
It's just fantastic.
Jeff
So Trump connected. Bram Bondi, new SEC chair contender, pro crypto lawyer, has represented both Trump and Elon Musk companies. And there's the guy right there. It's interesting.
Chip
That's Pam Bondi's brother. She's the former. She was under. She was the former Attorney General. She was fantastic. I think she had my post.
Jeff
Yeah. So some really, really great things there. And that to really put some icing on all the cake of what's happening here. And this is what makes everybody happy. This is where you know that the people are that are there right now are representing our interests. Because you've got somebody like Warren Davidson right there. Repeal the 16th amendment and the income tax AB. Abolish the IRS.
Chip
Absolutely.
Jeff
Simple consumption tax with a new lean, disarmed Department of Federal Revenue. This is PR Forum for your congressman up There in Ohio. Let's see, what district is he in? Why doesn't it say his district? I don't know what district he's in but that's where he's at. He's up there in Ohio.
Chip
Was instrumental in bringing on the Federal Reserve and also ushering in the IRS. And now 20, 25 or 26 will be instrumental and ending the Fed. There's a reason Andrew Jackson's pitcher who got rid of the Second Federal bank when the charter ran out after 20 years. And he's, he's an interesting president man. He was actually, I think he was a bit of a nut job in a good way. But he had some knockdown, drag out fights and he was, he was only a one termer because he was, he was a little bit, he's a little bit heavy. But his answers her, his theories were pretty spot on and, and, and righteous. So I think he was a really, a really force to be reckoned with. And I wonder if Trump's been trying to tell us something all this time.
Jeff
I think so.
Chip
So you know this whole Gates in this investigation. Well, Sonny hosted read something on air and she doesn't look very happy about it. Jeff scream.
Maria Bartiromo
Sonny, you have a legal, I do.
Chip
Have a legal note. Thank you Whoopi. How happy she looks.
Maria Bartiromo
Matt Gates has long denied all allegations, calling the claims quote invented and saying in a statement to ABC News that this fall false smear following a three year criminal investigation should be viewed with great skepticism. That DOJ investigation was closed with no charges being brought.
Jeff
That's right. We'll be right back. Like what, what, what do they think? I mean he's been in Congress this whole time. You know, they're, they're so fraudulent. Right? The whole, the whole narrative of the mainstream misinformation media, you know, their whole narrative is talking points and the DNC machine is behind them. They haven't figured out why they lost but the fact that they, they just came after. Well, the Department of Defense guy, why can't I think of his name? What's his name? Come on, Chip.
Chip
Which one?
Jeff
Our guy from Fox News.
Chip
Oh, Pete Hex.
Jeff
Hexted hag sex. Yeah. So they just came out. Someone's accusing him of rape. Of course, like the craziest stuff. So all this nonsense. But this is what they've done all along. They've gone after, they went after Hannity over this. They went after O'Reilly over stuff like that. Going after media personality. They've gone after. What's that?
Chip
It's right Here. Project Mockingbird nailed it.
Jeff
Yep. Yeah, so. But it's crazy. You look at all the different things that what they've attempted. Look how they've got the smear campaign. It's all talking points. They don't care if it's true, not true. They know it's fake. They know it's not true. But yet they throw it out there in hopes that, you know, it sticks and at least impedes and you know, they have a talking point. So disgusting. I hope that all the false accusers, it ends up being a felony charge and they go to jail. That's what.
Chip
Well, I think the people that were counting those illegal ballots, I think Josh Shapiro too, he stayed silent on it until the Supreme Court came back to second time. So I think there's going to be, it's going to get pretty crazy over the next couple years. This is Scott Pressler.
Jeff
Exactly. Here's the Biden doj. If there was anything, Gates would have been crucified.
Chip
Absolutely. I mean, you don't think they had something on him? I mean, come on man, this is such ridiculous stuff.
Jeff
So fake.
Chip
I mean they come out with this baseless stuff. Everyone's like, yeah, yeah, yeah. And they realized that this investigation was closed. They said that there was no credible witnesses and they closed it. But then they're like, we have to release it. Well, good, release it, but don't sit there and try to float something like it's true. Like it's true. Exactly. This is Pressler, who may single handedly be the man responsible for delivering Pennsylvania. He was there three years registering people. He's talking here to Bucks County PA Commissioner to her face. But this is a great thing. So, so Scott Pressler was there. So he realized that the Amish, he registered like 180,000Amish and who do you think they voted for? So he, they were tired of stuff too. But he registered. But watch this as he excoriates the the Bucks County PA Commissioner. Listen to this.
Scott Pressler
Bucks county has been in the news a lot this year. Earlier we flipped Bucks county from blue to red. And for the first time in modern history there are more registered Republicans than Democrats here in this county. Number two, voters were disenfranchised in this county. And in fact I want to thank Chairman Michael watley of the RNC & Co Chair Laura Trump for suing to make sure that we have three additional days of early in person voting because voters waiting in line to do in person on demand mail in voting were told that they couldn't vote until 5:00 that the line was cut off. So thank you to the Republican Party for suing Bucks county and fighting for election integrity. And now here before us, it's on the world stage that we have a Commissioner quote by Diane Marsiglia. Precedent by a court doesn't matter anymore. In this country, people violate laws any time they want. And if I, meaning Diane Marsiglia, violate this law, it's because I want a court to pay attention to it. Well, Commissioner, the court already ruled that undated and misdated mail in ballots could not be counted. You knew that going into the meeting. And I want to congratulate the people of the Commonwealth of Pennsylvania. This speech I'm doing right now is going to be seen by millions across the country, the Commonwealth and the world. And I have a message. Congratulations to President elect Donald J. Trump, the 45th and 47th president of the United States of America. Congratulations to Senator elect Dave McCormick. And we are not going to allow Democrats to steal this seat from us. Furthermore, congratulations, because we defeated Matt Cartwright, giving President Trump an additional seat. And congratulations to Congressman elect Rob Bresnahan. Congratulations to Congressman elect Ryan McKenzie defeating Democrats Susan Wild and Allentown and Lehigh. And I have a message. Peacefully. Peacefully, we are coming for your seat in 2027 if you don't resign today.
Chip
I'm at it.
Scott Pressler
I am coming for your seat peacefully. And Harvey. Commissioner. Harvey, this goes for you, too. You are complicit. Mark Elias and his cronies must be disbarred from practicing law in Pennsylvania. Any of his cronies for the misconduct that he did. I want you to know that I am going to spend all of my time in Bucks county for the next three years making sure that we take back this county. Thank you to every single patriot that showed up today.
Jeff
We.
Chip
He's something else, this kid.
Jeff
Oh, my God, he's amazing.
Chip
They always go like, oh, no. The Republicans are always, like, white nationalists. They're like that. This kid's openly gay. It's like he's like, he's the star of the Republican Party. I mean, like, you understand, they want to talk about identity politics. They always want to put someone in a bucket. You belong to this bucket over here. You go in this bucket over here. Why can't people just be people? This kid right here, I. If he runs for that seat, he's going to take it, man. I mean, yeah, she can pretty much sign his ticket, but he earned.
Jeff
He's gonna crush. He's gonna crush them. They don't. They don't even stand. They have no idea what, you know, the show they opened especially, you know, they're going to come after them. They can't get away with what they did. You know, she's, you know, outright, directly, you know, trying to circumvent law, you know, I mean, it doesn't work that way. So they're. I think they're in trouble.
Chip
Think you're in trouble, Jeff. It's towards the end of show, and I want to play something funny. Look at this. See the video of the girls talking.
Jeff
About her pronouns and the cat turns and smacks her in the face.
Chip
No. It's hilarious. Hi, my name is Erin. I use she her pronouns, and I use she her pronouns.
Jeff
And I.
Chip
Name is Aaron. I use she her pronouns, and I. That cat was like, shut the up. Did you ever see the video of the girls talking about her? That's fantastic. I remember I saw that. Like, I don't know how, like, somebody would actually broadcast that to the cat. Smacked them right in the face, you know? I wonder how that actually happened.
Jeff
So funny. I'm trying to find a picture. Gotta do the drawing.
Chip
I'm gonna put it up in a second here. Here we go. And do the drawing. Guys, get ready with your zaman wallets. Are you ready?
Jeff
You gotta get. Get that zaman ready to go.
Chip
Oh, what did I do with my screen I had up? There it is. Okay. All right, here it goes, guys. Bam. There's the Yeti. We've got 12 people. I'm gonna give you one more. 13 people, type in Yeti. Who give you like that account down. 9, 8, 7, 6, 5, 4, 3, 2, 1. What is what Live video busted. What? Live video busted Tonight.
Jeff
He couldn't see it. A couple more people are trying to throw in yeti, but Jim D's right there. He's throwing in yeti. We're live right now to rewatch. Come on, get some yetis in there. Get ready for the countdown. Get ready for the drawing.
Chip
I'm gonna go ahead and draw. Ready, guys? Let's see.
Jeff
Draw it.
Chip
Let's go. Let's see who it's gonna be. Tick, tick, tick. That's a big badass. What do we got here? Who we got? Who's gonna win?
Jeff
Who's gonna get it?
Chip
Who's gonna win?
Jeff
Cash Velocity wins. Where's Cash Velocity? Cash Velocity, are you still here? You got to be here to win. If you're still here, let us know. Let yourself be known and do it. Cash velocity is here. Gotta do it quickly, Quickly. Otherwise, we're gonna have to do another drawing. So we know there's a little bit of a delay here.
Chip
Huzzah, huzzah.
Jeff
Congratulations. The Cash Velocity. There he is. Cash Velocity's here. All right, throw in your Zaman wallet address, and we're going to transfer it right away.
Chip
Yeah, he wins. Big winner. Crash. Almost like Cash Velocity.
Jeff
A minute to grab it.
Chip
Crash, Crash, go in there and snag it in there, man. Congrats. Get a lot of congrats. Garlic. Brad says awesome.
Jeff
That is awesome. And this is. This is it right there. That is the winner. Sweet. So there it is. All right, I gotta grab it real quick.
Chip
Yeah, dude. Yeah.
Jeff
Transfer it over while we're here live on air. Chip, did Bitcoin hit 75, 000 yet? Is XRP a buck 13 or is it like a buck 14? Where's that go? We go up.
Chip
Look, I don't know, Mr. Man, but we got to get out of here. Go ahead. Hurry up.
Jeff
I got to give this to him.
Chip
Sweet, sweet, sweet, sweet, sweet, sweet.
Jeff
Oh, hang on. I gotta get the Zaman ready to go.
Chip
Come on. There it is. You get he. He dropped it. Good. Nice.
Jeff
Oh, yeah, I got it. Hang on. I'm going to confirm through the Zaman.
Chip
Congratulations, my man. I love it.
Jeff
There we go. Bring it. Bring. See if it works. Oh, I got signed out too much. Here it goes. And it says it's verifying. It's on its way. And it's sent. It's there. It's gone. You've got it. Make a confirmation. That's it. That was fun. That was good. We gave away a kick ass, badass yetis today too. A really nice one.
Chip
Another great show, guys. Really appreciate your participation. Love give. We're going to continue to give out.
Jeff
These badass yetis, closing my leverage long on XRP at the end of the show.
Chip
I need the laughs. I mean, honestly and I were just sitting there talking to each other. It's. It's great.
Jeff
Oh, look at this. What are the chances of this, Chip? I mean, probably pretty good. XRP buck 11 as we're signing out. There you go. Went up to buck 13 during the show. Back to a buck 11 as we sign out.
Chip
Can anybody do a live check on Cobb that he starts streaming?
Jeff
Just something just happened.
Chip
Make sure we're over time, just.
Jeff
And then we're leaving. The market just tanked by a half a percent.
Chip
Yeah, we got to get out of here. That's all we know, Jeff. We got to get out of here.
Jeff
Thank you.
Chip
Fine. Gentlemen. There actually is a channel called the Fine Gentleman of Crypto.
Jeff
That's not us. Thank you and good night.
Chip
D and I thank you and good night and good night. XRP baby. To the moon. Boom. Let's go.
Jeff
Why is my video feed not working? I don't know.
Chip
Dude. Is your mobile phone. You can always go on X and see it. I don't know how you're watching it now, but.
Jeff
Go to it. Go to it.
Chip
Guys, we're gonna get out of here.
Jeff
Cash Velocity.
Chip
Maybe we should just play this just to kind of remind people of what's going on. The Badass Yeti video. We should play this.
Narrator
Discover the awe inspiring universe of the Badass Yetis. Comprising seven diverse clans. Each possessing unparalleled abilities and strengths. The mighty Titans are a formidable and courageous clan. Known for their immense strength and valor. These colossal warriors are celebrated for their fearlessness and determination. The Pathfinders. Cute. Cuddly but deadly. Expert hunters and trackers. They navigate mountains with ease. They'll find you if you hide. Trust me, it's best if they don't see you. The Templars are spiritual and wise. Deeply understanding the spiritual forces that shape their world. They believe themselves to be the defenders of just and righteousness. The superior craftsmanship of the Frostbeards enables them to produce intricate tools and weapons using the limited resources available in their surroundings. The Shiverspine clan is the most terrifying of the seven clans. Known for their exceptional agility and stealth and ability to move silently and quickly through the snow and ice. With their telekinetic and intellectual prowess Mentalists excel as powerful foes and sought after allies. Due to their ability to mentally manipulate manipulate the world around them. The Spirit Walkers attune themselves to the earth animals and the unseen spirit world. Their exceptional communication skills enable them to connect with the spirits of the land and draw upon their force.
Chip
Damn. I forgot how good that was.
Jeff
That was awesome. That was awesome.
Chip
You saw the mentalists manipulate the world around them.
Jeff
They do.
Chip
They're awesome mentalists. All right guys, that's all we know. We'll see you guys on the next one. See you on Saturday morning. Chip and Jeff. Oh, are you down with otc?
Narrator
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Podcast Summary: On The Chain - Bitcoin $94,000 & XRP Stability
Episode Details:
1. Market Highlights: Bitcoin Surges and XRP Maintains Stability
The episode kicks off with the hosts celebrating Bitcoin's impressive climb to over $94,000. Jeff expresses excitement about the market movement, prompting Chip to highlight XRP's resilience, noting, "At least XRP is staying over a dollar" (00:27). This sets a positive tone for the episode, emphasizing the strength of XRP amidst Bitcoin's bullish trend.
Notable Quote:
Jeff (00:00): "Bitcoin over 94,000 today. What is up with that?"
2. Grayscale's Reverse Split: Impact on Ethereum and Bitcoin Trusts
Jeff discusses Grayscale's strategic move to initiate a 5-for-1 reverse split on both their Ethereum and Bitcoin mini trusts. He notes the significant jump in trading value from around $8 to $42 (00:27), attributing this change to community demand for more substantial perceived value in their investment products. The reverse split is seen as a response to investor feedback, aiming to enhance the attractiveness of these trusts.
Notable Quote:
Jeff (00:27): "They did a 5 for 1 reverse split and it came from the community. People wanted more value."
3. Upcoming Events: Brisbane Meetup and Global Community Engagement
Chip announces an upcoming meetup in Brisbane scheduled for the 29th, highlighting its advanced agenda and notable speakers (02:39). The event is positioned as a must-attend for Australian crypto enthusiasts, fostering global community connections and knowledge sharing.
Notable Quote:
Chip (02:39): "It's going to be a pretty stellar event."
4. Ripple News: Leadership Changes and Strategic Investments
A significant portion of the episode delves into Ripple's latest developments. Emmy, Ripple’s General Counsel, announces her departure after eight impactful years (05:36). Jeff and Chip commend her contributions, expressing hope for her continued involvement in the blockchain space.
Additionally, Ripple's partnership with Mercy Core Ventures is explored. The collaboration aims to invest $500 million in startups focusing on financial inclusion and humanitarian solutions built on the XRP Ledger (09:26). Jeff praises this initiative, emphasizing its potential to foster self-reliance and sustainable development, especially in regions like Africa and Cameroon.
Notable Quotes:
Emmy (05:36): "After eight amazing years at Ripple, it's finally time for me to move on."
Chip (09:26): "They've invested over $500 million in funding, which is, which is good."
5. Crypto Policy Outlook: Transition from Biden to Trump Administration
The hosts analyze the evolving landscape of US crypto regulation. They critique the Biden administration's approach, labeling it as an "unlawful war" on crypto (39:27). With the Trump administration's anticipated shift towards a more crypto-friendly stance, Chip and Jeff express optimism about renewed growth and regulatory clarity.
The discussion includes insights from an interview with Brad Garlinghouse, Ripple’s CEO, where he underscores the need for updated regulations that align with the digital asset industry's advancements (39:17). Brad anticipates that Trump’s administration will foster a conducive environment for crypto innovation and institutional adoption.
Notable Quotes:
Brad Garlinghouse (39:17): "We're finally going to get that clarity which will help the US Lead again."
Jeff (44:55): "Brad Garland's coming out, you know, and he never fully comes..."
6. Interview Highlight: Brad Garlinghouse on Fox Business
Brad Garlinghouse shares his perspective on the future of crypto in the US during his interview with Maria Bartiromo. He emphasizes Ripple's mission to revolutionize cross-border payments using XRP, highlighting the restrictive impact of the SEC's lawsuit against XRP (38:43). Brad anticipates growth in the US crypto market contingent on regulatory reforms and expresses confidence in Ripple's upcoming stablecoin, RL USD.
Notable Quotes:
Brad Garlinghouse (39:27): "We're trying to apply laws from literally 1946... it just doesn't fit."
Brad Garlinghouse (46:44): "Ripple announced... Ripple USD. The stablecoin market now is 170, about $180 billion."
7. Cardano's Midnight Airdrop: Future Prospects and Community Excitement
Jeff and Chip briefly touch upon the upcoming Midnight airdrop within the Cardano ecosystem. Midnight is described as a privacy-focused sidechain aiming to enhance blockchain privacy (29:28). While details remain sparse, the hosts express anticipation and encourage listeners to stay tuned for more information as eligibility criteria are further clarified.
Notable Quote:
Chip (29:28): "Midnight is a privacy-focused sidechain under the Cardano ecosystem looking to revolutionize blockchain privacy."
8. Community Engagement and Giveaways: Yeti Giveaway Success
The episode features interactive segments where listeners participate in giveaways. Jeff and Chip successfully conduct a live giveaway of a "blue badass Yeti," fostering community involvement and excitement. The spontaneity and enthusiasm during the giveaway highlight the strong listener engagement and camaraderie within the On The Chain community.
Notable Quote:
Jeff (36:20): "We're giving away this blue tribe badass Yeti. So tune in during the show for that."
9. Closing Remarks: Optimism for the Future of Crypto
As the episode concludes, the hosts reiterate their positive outlook on the crypto market's trajectory, especially with potential regulatory shifts and strategic investments by major players like Ripple. They encourage listeners to stay informed and engaged, signifying a hopeful horizon for blockchain and digital assets.
Notable Quote:
Chip (64:22): "XRP baby. To the moon. Boom. Let's go."
Conclusion
This episode of "On The Chain" offers a comprehensive overview of the current state and future prospects of the cryptocurrency market. From Bitcoin's significant rise and XRP's stability to Ripple's strategic moves and anticipated regulatory changes, Jeff and Chip provide valuable insights backed by notable industry developments. The interactive segments and community-focused discussions further enrich the episode, making it a must-listen for both newcomers and seasoned enthusiasts in the blockchain space.
Note: All timestamps are approximate and correspond to the transcript sections referenced.