Did XRP Just Win? | Satoshi Whale Dumps $9B | Trump Outplays the EU

Summary

Podcast Summary: On The Chain - "Did XRP Just Win? | Satoshi Whale Dumps $9B | Trump Outplays the EU"

Release Date: July 28, 2025
Host: Jeff
Co-Host: Chip
Platform: On The Chain – focusing on Blockchain, Digital Assets, Cryptocurrency news, and opinions with a special emphasis on XRP.

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1. Record-Breaking Bitcoin Whale Dump ($9 Billion)

Timestamp: 03:38 - 07:52

The episode kicks off with a staggering revelation: a Bitcoin whale has executed what is arguably the largest cryptocurrency sale in history. An early investor, potentially from the days of Satoshi Nakamoto, has sold 80,000 bitcoins through Galaxy Digital, amounting to approximately $9 billion. Jeff expresses incredulity at the scale of this transaction.

Jeff (03:40): "Nine billion."

Chip elaborates, noting that Galaxy Digital has kept the client's identity confidential, citing the sale as part of broader estate planning.

Chip (04:14): "That's a very nice estate, Jeff."

The hosts discuss the potential impact on the Bitcoin market, questioning whether this dump might signal the beginning of a larger sell-off or if the asset will continue to appreciate despite such massive transactions.

Jeff (06:43): "Just to think, you know, that it's a wallet. It's been, for the most part, at least, those funds sitting dormant since the beginning."

2. Trump’s Strategic Trade Deal with the EU

Timestamp: 54:00 - 01:00:00

Jeff and Chip delve into President Donald Trump's latest trade negotiation victory against the European Union. They highlight the key components of the deal:

• Zero tariffs on U.S. goods entering the EU.
• 15% tariffs on EU goods entering the U.S.
• The EU commits to investing approximately $750 billion in U.S. energy sectors.

Chip emphasizes the unprecedented nature of the deal, portraying Trump as a master negotiator who leveraged the U.S. trade imbalance effectively.

Chip (59:28): "Zero tariffs on the US going in, 15% across the EU. Holy cow. That's an insane opportunity."

The hosts critique the EU's reaction, noting that the media questioned whether the U.S. made any concessions, to which Trump diplomatically responded that the deal was "fair on both sides."

Jeff (57:17): "15%, you know, tariff on goods coming from Europe, 0% tariff on goods going into Europe. But with that, they're also buying all sorts of energy."

3. Central Bank Digital Currencies: Japan’s Digital Yen and the CBDC Debate

Timestamp: 13:50 - 21:00

A significant portion of the discussion focuses on Japan's initiative to pilot a central bank digital currency (CBDC), the digital yen. The hosts explore Japan's goals and the broader implications of CBDCs.

Chip reads an excerpt from Cointelegraph detailing Japan's shift towards cashless payments, accelerating from 13.2% in 2010 to 42.8% by 2024, surpassing governmental targets.

Chip (15:29): "Japan has long been known for its love of cash, but that is rapidly changing."

Jeff and Chip debate the inherent challenges of incorporating programmability into CBDCs while maintaining privacy. They express concerns that programmability could infringe on user privacy, a critical aspect for democratic societies.

Jeff (16:50): "The programmability, the privacy aspect. Yeah, let's see how they actually make that happen."

The conversation extends to comparing CBDCs with stablecoins, advocating for the latter as a more decentralized alternative that doesn't grant central banks excessive control.

Jeff (19:16): "A stablecoin is a stablecoin and that's it. You know, people don't have access to your wallets. They can't regulate and control how you spend it."

4. Federal Reserve: Historical Insights and Current Scrutiny

Timestamp: 38:19 - 41:21

Jeff provides a historical overview of the Federal Reserve, tracing its origins back to the First Bank of the United States (1791-1811) and its re-establishment. The discussion touches on the initial intent to stabilize the nation's finances and the opposition faced from figures like Jefferson and Madison, who viewed it as unconstitutional.

Jeff (40:42): "But there's a reason. You know, you talk two founders there all bad things can happen."

Chip adds context by mentioning Andrew Jackson's presidency, which famously opposed the Second Bank of the United States, drawing parallels to contemporary criticism of the Federal Reserve.

Throughout this segment, the hosts express skepticism about the Federal Reserve's role and transparency, highlighting ongoing efforts by politicians like Tom Massie to audit the Fed, which have so far stalled in committee.

Jeff (45:22): "It gets referred, gets to committee, and that's the end of it. So it's going to die in committee debt."

5. Zao Dao and Upcoming Token Airdrops

Timestamp: 51:58 - 53:36

Chip introduces Zao Dao, a community-driven DAO centered around XRP. Unlike many DAOs, Zao Dao does not issue a separate governance token; instead, membership and voting power are tied directly to XRP holdings. The system is designed to prevent dominance by large holders ("whales") and ensure proportional representation.

Chip (51:50): "This is one of the clips that was talked about governance... it's only in proportion to the other members of the DAO."

Jeff mentions his involvement in proposing a new governance model, advocating for a recurring membership fee to foster accountability and continuous engagement.

Jeff (53:21): "I'm making a proposal. I want a recurring fee so that way there's always money being re-injected back and it keeps people accountable."

The hosts encourage listeners to join the Zao Dao waitlist, emphasizing its independence from Ripple and its commitment to community-driven governance.

6. Additional Discussions: The End of the "Woke" Era and Advertising Trends

Timestamp: 70:15 - 81:22

Transitioning from financial topics, Jeff and Chip engage in a lively conversation about the apparent decline of "woke" culture in advertising. They critique recent commercials from brands like Jaguar and American Eagle, suggesting that the former's new branding efforts have damaged its iconic status.

Chip (70:47): "The era of woke is definitely over, Jeff."

The hosts juxtapose American Eagle's straightforward advertising with Jaguar's more convoluted approach, arguing that simplicity and authenticity resonate better with audiences.

Jeff (75:22): "Compare that commercial to the Jaguar commercial... it's pathetic."

7. Community Engagement and Wrap-Up

Timestamp: Throughout the Episode

Throughout the podcast, Jeff and Chip interact with their community, acknowledging listener contributions and discussing live chat dynamics. They also promote upcoming giveaways, token drops, and encourage listeners to subscribe and engage on social media platforms like Twitter and YouTube.

Chip (52:00): "Go follow that on X and then sign up for the waitlist. Good stuff, man. Exciting. It's coming out soon."

Concluding Remarks

The episode of "On The Chain" offers a comprehensive dive into significant developments in the cryptocurrency landscape, interwoven with geopolitical maneuvers and cultural shifts. From monumental Bitcoin transactions and strategic trade deals to the evolving debate over digital currencies and the historical critique of the Federal Reserve, Jeff and Chip provide insightful analysis aimed at both newcomers and seasoned veterans in the digital asset space.

Listeners are left with actionable insights into upcoming community initiatives like Zao Dao and are encouraged to stay engaged through the platform's various channels for ongoing discussions and updates.

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For more in-depth discussions and the latest updates on Blockchain and Cryptocurrency, follow On The Chain on Twitter and subscribe to their YouTube channels and OnTheChain.

Transcript

[Jeff]

Welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip? What's going on, everybody out there in the on the Chain community? Welcome back, everyone. Tonight's episode might just be one for the record books. Did XRP just win, man? We've got some bombshell discussion points for tonight. One of the biggest crypto sales and maybe even a big crypto giveaway. I. I don't know. There's all. All sorts of giveaways and big sales that are announced, but the biggest sale that just happened probably in crypto history was a $9 billion dump. We're going to talk about that 9 billion chip. That's pretty amazing to me. Geopolitical arena Trump just played the ultimate trump card. EU big deal. Zero tariffs. What's all that about? We got to get into it. Is it too good to be true? I don't know. It's another Trump negotiation. That's what it's all about. Japan, California, all sorts of other things that we got to dive into because something's going on in California that just doesn't look too great. And Japan doing something with CBDCs. So buckle up. We're going to deep dive. You guys ready to kick this thing off already? Already. Let's do it. Let's go.

[Chip]

Cookie Monster anthem. Let's go. Love cookies. Cookie, cookie cookies. Guys, come. Let's see where you're coming in from. And this is always great advice. Mike Morasses, hit the thumbs up. Share it if you're. Especially if you're watching On X. Go ahead and share it away. I always like when you guys share, but greetings from Celebration from Danville, Indiana. Good morning. Good evening. Okay, good evening. I thought good morning, man. I was like, you in Australia. Holy cow. Coming in from the uk yeah, there we go. England specifically. Beautiful. We're in England. Let's hear what city you're in. Did you go see Oasis at all? Did you go to Manchester to see him in Wembley? A lot of excitement going on over there. Unfortunately, they're only doing a couple dates in the US and unfortunately, they sold out like five minutes. So I will not be going, but I will be seeing Paul McCartney up in Atlanta. So there you go.

[Jeff]

Paul McCartney.

[Chip]

Tickets are expensive. Jeff with. With the service fields. Over 500 bucks, man.

[Jeff]

It's insane.

[Chip]

Atlanta, Atlanta. There you go. I am just backyard. But don't tell him. I won't tell him if you don't. If you hear somebody banging on the windows, it's just want to let you know. I Won't tell you, but it's Mike. I won't tell you. Morning. Yeah. 1am east of England. All right. Well, where, man? What city? What city are you in? All right, so let's kick this puppy off. What do we have tonight? What do we have tonight? Well, Jeff, I think the biggest story we've seen in some time, biggest story of the night, is this. I mean, this crypto transaction is even beyond understanding. It's so large. An investor from the era of Nakamoto. Wait, going way back. So somewhere along the line, someone amassed 80,000 bitcoins. And who knows? I mean, if it was when it first launched, could have spent a couple thousand dollars or even less. But $9 billion, Jeff?

[Jeff]

Nine billion.

[Chip]

And according to Cointelegraph, whoever this early bitcoin investor was that sold 80,000 bitcoins, they did it through Galaxy Digital. They're guessing around $9 billion. And it's the largest nominal transaction in cryptocurrency history. But the specific date and transaction price have not been disclosed. Galaxy Digital didn't even reveal the identity of the client, but stated that the transaction is part of the investor's broader estate planning strategy. How would you like to be part of that estate, Jeff?

[Jeff]

I like that estate.

[Chip]

That's a very nice estate, Jeff.

[Jeff]

And I'm wondering how many bitcoins are left after that kind of a sale.

[Chip]

Look at that. 80,000. Well, there's 21 million. Well, at some point there will be, but probably only 15, 16 million after all are lost. But that's just an insane amount of money. What does that estate look like if they just sold out on the. The bitcoin? And quite honestly, why would you sell bitcoin if it's part of the estate planning? You would just let it ride. So what's 9 billion will soon become 12 billion and 15 billion?

[Jeff]

I don't know.

[Chip]

Potentially. I mean, it's. I would not bet against bitcoin going to.

[Jeff]

That's also. That's also assuming that they have no other bitcoins. Maybe they're sitting on 160, 000 bitcoins. You know, maybe they have 80 thousands. Like, hey, let's take 9 billion. We have some things we got to take care of.

[Chip]

That is true.

[Jeff]

We gotta go buy a yacht or something.

[Chip]

Daniel Smith coming from Little rabbit, Little rabbit, little rabbit. Hello, fellas. She is in here. Mike needs a drink. In New York, says Vincent Capisi. Embarrassing to live here. Hochul Adams AOC list goes on. And they're completely useless. Well, Pam Bondi is suing Eric Adams and. And the city of New York for being a sanctuary city. I did see that. That's pretty. Pretty interesting there.

[Jeff]

So crazy, crazy stuff.

[Chip]

Distribution to errors. Yeah, it could have been. That could be a two. So. Well, estate planning is different from estate distribution, so. But maybe that's what they meant by it. It could be. Not in a city. What did he say? Not. I'm not in a city, but Norwich and Petersburg Petersboro are the main ones closest to me. Okay, so you're probably, like in the middle of the somewhere.

[Jeff]

You're probably in somewhere in the middle of somewhere. And then Mike is right here in my backyard.

[Chip]

Just don't tell him knocking on your door.

[Jeff]

Knocking on my door?

[Chip]

That's what I said. Jeff. You hear knocking? It's not Mike. I'm not telling you. I'm not saying a word about it. I just find this. This sale to be incredibly.

[Jeff]

It's unbelievable. It's truly, you know, just to think. Just to think, you know, that it's a wallet. It's been, for the most part, at least, those funds sitting dormant since. Since the beginning.

[Chip]

And that's impressive to keep your keys private for that long. Can you imagine what that's like?

[Jeff]

Have your keys. Have your. Imagine not losing a hard drive. Not, you know, like.

[Chip]

It's like, go over the save, pull it out. Here's the paper. Here's my keyword. Here's my. Here's my. It's just insane. Like that must have been. You don't think somebody had that on, like a ledger or something? Or like.

[Jeff]

There were no ledgers back then. So the question is, was it ever moved? So it's paper, wallet, paper wallet, seed phrase.

[Chip]

Who knows?

[Jeff]

Probably a seed phrase on a hard drive.

[Chip]

Well, I mean, they might have moved it later. They might have.

[Jeff]

Yeah. Well, well, assuming that they use whatever this was, that they use whatever exchange it was or distribution point that they imagine. Imagine that you're just. That, you know, just impacts. Just totally impacts the market. I mean, imagine it was sitting on.

[Chip]

Imagine it was sitting on Galaxy Digital Exchange the whole time they moved it over there and. But no, it was sitting in a wallet from. You know, the wallet didn't move. That's the funny part about it.

[Jeff]

Talk about being worth nine billion. And on paper. And now no longer nine billion. Right. Just overnight. Nine billion. Holy cow.

[Chip]

World's Lake in it. How's everything? Everything's great. Everything's fantastic. It's gonna be a fantastic week.

[Jeff]

Yes. We're not. We're not doing A Yeti drawing tonight. But we do have a song for you guys.

[Chip]

Jacob Slider, being from New York myself, have to agree. What a mess. Yeah, it's a mess. Well, I was born in New York and I left. I got out, I escaped. It's gone. It's over. See you later, stupid.

[Jeff]

I used to live in New York as well. I haven't looked back.

[Chip]

Nobody left.

[Jeff]

And Let me think. 94.

[Chip]

No, nobody. Nobody thinks about. Everyone leaves. And once you leave, once you escape from New York, just like that movie, Escape from New York from the 80s, it was easier for me. Just get on a plane, you leave.

[Jeff]

Wasn't like some things.

[Chip]

But, you know, it's so funny, that movie. You're like, come on. That movie's so stupid. That can never happen. And it seems like it's kind of happening, right? Kurt Russell.

[Jeff]

Yeah.

[Chip]

Was in that movie. I forget what his. What was his. Snake Plissken.

[Jeff]

Oh, Snake Plissken. That's right.

[Chip]

It's weird that I can remember useless facts, things like that, but I don't have room for.

[Jeff]

Came out of nowhere, too. It's like so fast.

[Chip]

Boom.

[Jeff]

Snake Plissken.

[Chip]

Yeah, there it is. I didn't even see. I didn't even see this one here, but, yeah, Snake Plissken. That was a great movie, man.

[Jeff]

When you moved to Detroit and you were in Detroit for that period of time, were you. Did you go from New York to Detroit or were you already down here to Detroit?

[Chip]

No, no, I was. I. I had gone. Where was I? Yeah, I was living in. I was living in Florida. I was down in Florida for three years, and then I moved to Detroit for four years, and then I moved back to. I remember the first day that I drove to my new job in Detroit downtown. It took me two hours to get there in a snowstorm. And when I got there, they were waving everybody off and said it was closed because it was.

[Jeff]

Oh, yeah, nobody can make it.

[Chip]

The whole time, I'm like, I used to live in. There used to be palm trees. It used to be beautiful weather. It used to be nice. There used to be an ocean I was hating life for.

[Jeff]

And now you're in snow.

[Chip]

Yeah. And you're in.

[Jeff]

And back then, it was a disaster, too. It was so bad back then. You know, I think about when I moved there in 94 from New York, and I remember driving there, that was kind of exciting because I drove up through Canada and visited all these spots on the way there. But that first winter, you know, I'm living in New York New York, they can clear the thruway, they get a massive snowstorm, they'll have a clear, you know, right away, like almost, you know, within. Within a couple hours if it was a massive snowstorm. Detroit, two, three inches of snow on the ground. Four inches. They don't, they don't plow anything. Plow trucks never came out on the streets. It was always salt trucks. And so when they got the six inch snowstorm, the whole city's like debilitated. You know, everything's shut down. You can't drive anywhere because they're dumping salt. Like, why are you dropping salt? What? You know, drop in salt. Why don't you have a plow. Just a couple plow trucks out there plowing snow, man. New York, two inches of snow on the ground. They were plowing the snow, not New York City. I don't know about. I got caught in New York City during one of the biggest snowstorms. That was a mess.

[Chip]

Yeah, I was there a couple years ago and I was going to a. I was going to a tech party hosted by some company and it was. I was staying at the. What is the Hilton there in Times Square there? Is that the Hilton there? The big. Or is it the Marriott? No, it's the Marriott. It's the Marriott Marquis. I was at the Marriott Marquis and it was up a couple blocks, a quick, a quick taxi ride. But they said if you go, they're about ready to shut the city down. I was like, yeah, they're not gonna shut the city down. Well, they shut all the cabs down. There was like nothing on the streets. There were no cars, there was no buses, no taxis, no Ubers. So I had to walk back basically 12 blocks. So I was walking back in the snow, trouts and around. Not really prepared for the snow, not really dressed for the cold.

[Jeff]

Right.

[Chip]

Pictures of it and video, it's pretty amazing. And walking back and the good news is bars were still open. So we'd walked, you know, a New York City blocks, pretty big. And we'd walk like three blocks. We find a bar, going to have a drink, come back out, walk on other three blocks, find another bar, go in there, have a drink. It took us a couple hours to get back. But every. What was weird is those were the neighborhood, like bars were open, you know. And I remember we even stopped. I was like, I'm like, it's really cold outside. I'm like, this is the only bar around here. And I go, you do know it's a gay bar, right? I'm like, yeah, I'm like, let's go in and get a drink. We might have got a drink. It was weird, man. A little odd. Not my usual watering hole, but you know what, it was warm inside and alcohol was good.

[Jeff]

So that's it?

[Chip]

Yeah, we got back like 2 in the morning, 2:30 or something like that in the morning. And it was weird. Just looking at like Times Square is just like a ghost town, man. It was weird. No, but no people. So. So it was one of the few times they closed the city down. Oh, that's a good story. The Blue Oyster. There you go. Blue Oyster cult. So this, so Japan, look at this. Japan is gearing up here, piloting a digital yen, focusing on trust, choice, resilience while preserving privacy. Oh, bank bankrolls and cash. A cautious model for democracies exploring cbdc. You know, it's weird, it's like, it's like this whole idea of this, the central bank digital currency, you know, the real big feature is the programmability. But if you're going to preserve privacy, how do you exactly do that? Right. And how do you exactly not make it programmable? Because it doesn't say anything about that about programmability.

[Jeff]

Well, it's pro. It probably has some form of programmability built into it because then it can kind of, you know, you would think it would have to. The privacy aspect is so critical, you know, and I'm really wondering, you know, how they're gonna, Yeah, I do wonder how they're gonna map all that out. Trust, trust, establishing trust lines, you know, with. That's a big part of, you know, the trade process. If you can establish trust, if there can be some sort of a, a clawback, I think that would establish trust. So you have to have a clawback if it's. But that's, it's going to go through basic typical, you know, banking policy procedure similar to like an ACH or a bank wire. If you do a bank wire, I don't think those can be pulled back. Right, but an ACH can, you can pull an ACH back. So, you know, if it goes through similar type of process like that, it could be interesting. But the programmability, the privacy aspect. Yeah, let's see how they actually make that happen. That, that's the biggest issue, real massive issue. The fact that there's so many politicians here in the US that are against it means that either they haven't talked to the tech people that can develop and design a CBDC without programmability or with privacy, or they know that Privacy can't be baked into this asset because you're always going to have programmability.

[Chip]

In that case, yeah, for sure. So they did have an article on it. I mean, can you hear this? Let me see. It's not playing.

[Jeff]

Let's see. Let's listen to it.

[Chip]

I hit listen. Japan has long been known for its.

[Jeff]

Love of cash, but that is rapidly changing. From just 13.2% in 2010, cashless payments made up 42.8% of all transactions by 2024, exceeding the government's target of 40% a year ahead of schedule. In response to this dramatic shift, the bank of Japan launched a pilot program in 2023 to explore a central bank digital currency, a digital yen, in collaboration with private firms, which.

[Chip]

While no decision has been made to issue a CBDC yet, officials are laying.

[Jeff]

The groundwork to ensure the yen remains relevant in an increasingly cashless future. An aging population and deep rooted cash.

[Chip]

Habits had left Japan a laggard in.

[Jeff]

Digital payments since the COVID 19 pandemic.

[Chip]

Younger tech savvy Japanese consumers are embracing mobile payment apps.

[Jeff]

Policymakers now view the cashless transition as vital to boost productivity, cut costs and better integrate Japan's economy into the global marketplace. Still, only about 39.3% of Japanese consumer spending was cashless.

[Chip]

39% of consumer spending was cash, they said, like only still, that's a lot. Almost 40%. And you think about the determined to catch up that the government set ambitious goals on 80% cashless adoption. You know, it's interesting. I wonder what it is. What's the official stat on that in the U.S. jeff? I'm just curious, curious what that might be, you know, what that might look like.

[Jeff]

Let's see.

[Chip]

It has to be out there. So what is it? What do you got? What do you look doing?

[Jeff]

This year the Federal Reserve found that cash accounted for 18% of all payments in 22.

[Chip]

Okay, so 18 less than half of what Japan is.

[Jeff]

So they must be really into 18 is cash.

[Chip]

Okay, yeah, they said 39 was cash. Consumers.

[Jeff]

39. And on our side, 18, 39 or 18.

[Chip]

So it's a little bit less. I'm actually surprised they're looking for an 80 cashless adoption. So, you know, basically taking already past 20 cash. Yeah, we're already past that. So.

[Jeff]

Yep, 80, 84 of payments in the US are being made digitally in 25.

[Chip]

Yeah, they said, they said the whole reason they're looking to frame the digital yen is to future proof the currency rather than a quick disruption. Central bank wants to be Ready refining, you know, technology, security policy frameworks. So when it's needed then they can have the digital yen deployed smoothly. I mean the funny thing is, is like this whole idea of digital, it's like what, what's different about it? If you don't have the programmability, if you don't have the cause. I mean with a digital yen already exists anybody who's using a card, a debit card, you know, some method of payment, it's already digital yen anyway. It's just, it's not using the CBDC per se. That's why it really just I want to wonder like why is CBDC at all? And like the stable coins pretty much cover that like on the US side. But even if you had a yen stable coin like it does everything you needed to for payments. So the only real advantage you get to a CBDC is a, the central bank is issuing it, which they want more control. Right, right. And then you, you know, so you have central bank that's issuing this and you have more control over what the populace does. And if you can program it like if you stay in line, everything's cool. But if you're not, then we can do other things.

[Jeff]

Right. And to Joe B's brought know point Genius act does not allow the Fed, the Federal Reserve to issue digital dollars, which is really important. He said digital dollars come from the treasury, not the Fed cutting out the Federal Reserve bank in time. So if we, if we allow a CBDC to your point, you know, then we're giving them all the power, we're allowing them to stay in power. And if we can move away from a cbc, go to a stable coin, then who controls the stable coin it still can maintain, could be the sovereign, it'll be the sovereign currency of whatever government you're talking about. But it'd be done in a stablecoin and it, you know, be pegged, connected, tied back to something spendable. So I think that is more important than a cbdc which is it goes back to a third party, a central bank third party entity that is regulating and controlling currency. Then how do you tell this third party that you have to allow for privacy and no programmability? I don't think that's, you'll never know. There's no guarantee of it versus with a stable coin. A stable coin is a stable coin and that's it. You know, people don't have access to your wallets. They can't regulate and control how you spend it. There you go.

[Chip]

Yeah. And other things it says the the contacts also drive in Japan's plans. China's digital yuan has raced ahead. Big surprise. Everyone thinks they're so technologically advanced, but they have programmability in their cbdc, right?

[Jeff]

So of course they do. They have to have it or well either way they're not, they're going to allow it without it.

[Chip]

Right, but is it because they're so advanced or is it because they, they had a better solution to control people? Right? Cash you can shove onto the mattress, cash you can do black market deals but if they're tracking you and you're doing the wrong thing, buying the wrong thing, going to the wrong place, well then they can kind of control that. And, and it's always like it's always positioned as China's digital yuan has raced ahead. Oh my gosh, they're so technologically advanced. Transaction in the ECNY more than tripled between 2023 and mid 24. Showcasing Beijing's ambition to lead in digital currency. No, let me, let me reframe that. To Beijing's ambition to control, to even get a, a stronger control on the populace. This is like, it's always framed as like they're so digitally ahead. Come on. I mean the one society that made sense of going to being the first launch of CBDC obviously was China. Any communist country. It makes more sense for them to launch a CBDC with programmability. It says the BOG is actively participating in global forums like the bank for International Settlements Project Agora on cross border CBDC interoperability helping shape. You know and again I almost feel like they might be even better off just launching a, a stable coin, you know a digital like a, a yen stable coin backed by the end. It, it does all accomplish it hits all pretty much the same things. But again this is all about the central bank being able to release it versus let's say, you know, we're here in the States, we have Circle which is a, you know, a private company just went public now they're a public company. You got a private company like Ripple with the Ripple USD. So when we think in terms of how it might look and some of the bigger ones and then we have got Tether which is not based in the US but again supposedly backed by and supposedly audited. We keep hearing about that by something, you know, a lot of people speculate there's a lot of bitcoin involved there but they make a lot of money. And if you compare something like a tether to a circle, the amount of earnings is vastly different. I mean tether is rolling in it. They are probably one of the most successful ones. But I think regulation. Yeah, that's part of it too. But when you think about the regulatory part of this, I really believe that Ripple's USD has a really. And then, you know, blue chip just named them as, you know, the number one because they have all the, they have all the pieces, right? They've got the, you know, they got the custody piece plus the, all the banking, the money transmitter licenses. So in a way they're. Even though they're later to the game, I feel like they have a competitive advantage that maybe you know, something like Circle doesn't have. But again, Circle exceeded expectations. Jeff, they opened at 39. What is this sitting at now? What Circle sitting at now? I remember it opened in the mid-30s and then it shot way up. So I don't know if it's come down yet or you know, kind of where that's at.

[Jeff]

Let's see what's there.

[Chip]

I think it's crcl.

[Jeff]

So just say it says, said the circle price is 192.86. Circle Internet Group. Is that how they go by?

[Chip]

I don't think so.

[Jeff]

That's crcl.

[Chip]

CRCL is the, is the symbol.

[Jeff]

I didn't realize their name was Circle Internet Group. That's interesting if that's that. That's crcl.

[Chip]

That's the one. Yeah. If you look at the all time high, the max on that.

[Jeff]

You're talking about. You're talking about the stock, right?

[Chip]

Yeah, talking about the stock. But I'm like the high it shot up to. Where was the high shot to 240. 240 is like the high. It's just been a highest 223. Now it's 192. But you look at that. It opened it. It's insane how, how this thing opened.

[Jeff]

Let's see the 52 week range, $64 to $298. So it almost hit $300 in the range.

[Chip]

What did XRP do today? Close. It doesn't close, Mike. It's not a stock. It doesn't close. What? How did XRP close? I don't know. Let me check my newspaper. Let me go and see when I get the paper tomorrow. I'll tell you. Remember they used to have the stock prices in the newspaper, Jeff?

[Jeff]

Oh yeah. It was the only way to look. Oh yeah. To look it up. No, it's a little bit old by that time. Time you saw it.

[Chip]

Joe, buddy says Circle and Ripple from Treasury Federal Reserve will have nothing to do with it. The Federal Reserve doesn't realize it, but it's going away. I mean, it's definitely going away if you see what Trump's doing in telegraphing. And you know, the funny part about it is, have you noticed that worldwide before Trump and then there's after Trump, it's bt and it's at. So when Trump gets into office, closes up the border. Now you see this. Every single city now, major city and throughout Europe, they're having protests. They're protesting the mass immigration. It's like this big thing. But before that, it almost wasn't appropriate. We've seen the same thing with the woke. Well, the woke stuff was like, well, you know, you can't, you can't do any of that stuff. But no, now after, you see a sort of a ship. Now, if Trump can be successful and get rid of the Federal Reserve, man, this is going to be the shot heard around the world. And what they're really afraid of is, is just Trump getting rid of the Federal Reserve. Cause when it goes here, there's gonna be an outcry everywhere to get rid of that. And it's just, look, it's just enslaves people everywhere. That's the first. You can't have a golden age that Trump always talks about with the Federal Reserve and that. And it was unprecedented for someone like Trump to go visit the Fed and go around with Powell and the guys. Controlling interest rate. Imagine a third party controlling interest rates. Jeff, who is this? The Federal Reserve. It's insane.

[Jeff]

You know, nobody's ever going to know.

[Chip]

You know, I mean, the whole idea of the Federal Reserve looks like. Would you. Let's audit that. Let's. Can we audit it, please? Can we. What do we got here? We got 192. Look at that.

[Jeff]

So here's, here's. So you'd mentioned the 31, right? So they always say, well, we're launching it, they're releasing a 31. But that's all the pretty pre IPO people. Those are the guys that are early to the game. If you're an accredited investor, you got in at 31. If you're retail, you're getting in at 64. Because that was probably the open was actually 69. So you had. You did not get in at 31. If you're Retail. If you're lucky, you got in at 69, but it opened at 69, had plummeted down to 64. It closed at 83, day one. So you're probably someplace in that range. You know, there are a bunch of people holding it. 103. It hit a high of 103. So then it scales. You know this was in June, right? So it just went live. June. There's your. There's your peak right there. What does it say?

[Chip]

Nice.

[Jeff]

2. 298 was the high that day. That's. Man, it got crazy. Got really crazy.

[Chip]

Yeah, it exceeded expectations and good, because why is everything. So I needed to raise. I noticed you were, like, kind of, like zipping it out a little bit, so I don't know if it's your connection.

[Jeff]

Said he got in at 31.

[Chip]

Nice. Good for you, Karma.

[Jeff]

Karma. You got in at 31 day. Day prior. There you go. Mark Smithson. There you go. Just jumped out of the shower back. There you go. Come on back. Hey. So it's the bottom of the hour. I'm gonna play this little bit of a song that wrote for everybody, and I think you guys might enjoy it. So let me put this on real quick.

[Chip]

Or maybe not.

[Jeff]

Well, we can talk over it. There's no video. It's all. Look at this.

[Chip]

It did on Robin Hood. Nice. He was on Robin at. Nice. All right.

[Jeff]

Robin Hood. Ah, there you go. All right, here we go. Let's play this. This will be fun.

[C]

No worries, fam. We still salute the badass clan if you ever type Yeti fast and bold tonight we shout you out full roll freaking cryptogy Joe come times two now that's OG crypto every Tony bags hand slow to JC lower level Scott Prince of pain easy Michael Mark with The triple score St. Jude XRP gave away three more Adrian S Jim D Ray run fly in cash velocity got a multiplied visual Vendetta Kevin Donnie Bobby 2 Reborn John Lloyd Mitchell made the crew Charles Charles Charles Bruh again JC X Lloyd Littell mccann thanks Gary legendary Davey X Osmond ZX Silver got next rate of us Henry Minot in the show west long floated Genoa with that glue Matt and Brian from Future Verse Fam St. Jude Mike Im again White Tribe Check in now let's roll Mr. Ry Ray Beauty's on Patrol V8 rolling views on Bruce Justin Harrison with the win Rod Halo Ron McDermott Scott M Flair Devin Steven a always there Aaron future fluttering in streams meditations and lethal icy dreams SMG pro spec ops Fred and Sean Allen Gregory gamer Life Getty On McDreamy Donnie Chad the king Ray run lower level Yee Charles to Morello wins again Corey McCown ETX biz in the den crypto art on the leg Zed Toddler's chocolate. Go ahead. Didn't hear your name. Don't be sore. You'll type yeti and win once more. Until then, chat does what chat will do. Rigid rug. Rogue pool too. But you're all badass through and through. Save some for the rest of us.

[Chip]

For about the rug pull. Some will say it's a rug pull.

[Jeff]

It's a rug pull. I made two versions of that. We'll play the second version later.

[Chip]

Yeah, I'll play the rug pull one. I like that one. Yeah, I was listening. I was waiting for that. I was listening for that.

[Jeff]

It was in there, but it just got blended in too quick.

[Chip]

Jim D. Says, I'm not so sure the Fed is going away because beyond renamed agency doing the same old Ponzi game. For example Treasury AI bot doing real time monetary policy tweaking via liquidity and staking rewards in a ledger. It's going away. It's time to close it down. And when they audit it, that's how you know if these people. You don't think since 1913 gone unchecked date. There's no fraud. Oh, there's fraud. There's probably tons of fraud. Karma. Karl Michael says thanks. Yeah, they kicked me out first at 21, said you were too low, then 31 was the best you could do. And then locked until mid August 12th to 19th. Most people will sell. There you go. Yeah. You got in. Well, I mean they will. You never know. You never know, man. You just never, never know, man.

[Jeff]

Everybody, everybody likes that. We'll put it up there. We'll have to figure out where we can put it.

[Chip]

Justin said I made, I made the drop. Yeah. Yeah. Well it, it got most of everybody in there. You know what I mean? You're famous man.

[Jeff]

That one I think I got almost everybody in but we'll, we'll get the next one in. The next one shorter. Left some people out.

[Chip]

So that's why you had to do it.

[Jeff]

That's why I tried to pack everybody in.

[Chip]

Eisenhower says Trump showed up, slapped Paul around and handed him. Handed him accounting and what? Slapped him in the back. He's gonna, I thought he almost, he was gonna knock him to the ground. He hit him in the back. Hahaha. You're gonna lower interest rates. No, you only lower interest rates for the Democrat right before the election to kind of see like the economy is doing well. Not when the economy actually doing well. This is the whole thing. Partisan hack. You know, I don't care who's running the Fed, you know I don't care who Trump gets the run, forget about it. The Fed. If you go back and read what the founders wanted, they did not want any sort of a central bank. They were against it. You know, Hamilton got rid of the second hand. We just cannot, we cannot have a central bank. It doesn't make any sense. Let's have our own sovereign currency. Let's digital currencies. You know, the digital currency is big legislation just because of what it represents. Right. The dollar keeps diminishing. It's not backed by gold anymore, remember. Because the, the remember, you remember what Nixon said is because there's lots of speculators. So what? There's speculators. I mean can you imagine everybody's like coming out of the 60s having such a great time and in 71 he says they're speculators and they're gonna basically they're gonna temporarily, temporarily not back it by gold anymore because there's too many speculators. I can't think of a more bullshit excuse that everyone's like oh okay, yeah, that's okay. Yeah, speculators, right? Like so what? Who cares if they're speculators? Like, well what does that mean? Like that was the excuse to basically switch over from being gold backed. It makes zero sense, man. Joe, Buddy says that the Treasury Secretary is named Fed chair. Then they're getting rid of the Federal Reserve. Yeah, Scott percent But also I think. What's her name? Judy. Gosh, can't think of her last name. She would also, she would be in favor of getting rid of it. I just feel like it's going away. So the IRS is going away. You know, Trump's building the whole tariff thing. Is all this money generated outside of the Fed. Right. It doesn't get the Fed. There's all these ways of generating lots of, you know, revenues that are not coming from the Federal Reserve. And that's what they want. You don't really need them. Tricky Dick, that was his name, remember he went down for Watergate because it was a cover up. Try to cover it up. Well, this latest scandal, we must be demystified or just the, you know, something's happened in this culture where you had an active president trying to subvert and basically comes equates the trees and everyone's like, yeah, you know, I mean it happens. Meanwhile there's a cover up. It was like plastered all over the 70s. They made a movie about it, the break in the COVID up and it was the biggest scandal kind of fricking us. The US President scheming with a team. And this is just the tip of the iceberg. This is just the one piece. There's a lot more to it. This is just part of it. They'll start dripping out the other stuff, too. And everyone's thinking that Obama has immunity. He doesn't. Not for treason and not for things he did when he wasn't president. So there you go.

[Jeff]

Right.

[Chip]

And we already have a precedent for going after an act of a former US President. So I don't know if he's going to be so lucky this time. That's all I have to say. I don't think so.

[Jeff]

Right. Yeah. You know what? You know, it's interesting. You know, I look at where we're at with the Federal Reserve and, you know, they've given kind of a private entity kind of control over, over the rights to our, our currency and, you know, and banking, I should say. But what's interesting about it is if you go back through history, it's been individuals that have stepped up to help finance, you know, different, different parts of the founding. The founding of our country. So if you go back to the Revolutionary War, there were two people. One was Haim Solomon, and he was an immigrant. He played a crucial role. He's Polish, he was a Jewish immigrant, and he played a huge role in financing the Continental army during the war. And he was a broker. And so he had partnered up with Robert Morris at the time to help invest and raise funds to actually support the, the efforts of the war at that time, the Revolutionary War, you know, and that. That was massive. You know, so there was just. There was so much that's gone on through history that we don't even realize, you know, because these are things nobody talks about in the history books, you know, to figure out, like, where does the money come from? Who paid for the Revolutionary War, you know, how. How did the, the funds, you know, get. Get allocated? You know, and so, you know, that. That's a big part of it. And so the. I think, yeah, we become. We enter into this norm where they brought in the Federal Reserve and allowed that to expand and kind of take over. Because, you know, if we think about the beginning stages and the founding fathers and how it was individuals that came, you know, to put all this stuff together, you know, and so they gave way to. I would love to, you know, get some real, you know, background on the Federal Reserve to say, hey, what, what was that, that moment? What was the pivotal moment where they said, hey, you know what? I think we need to go to this group here to help and support our. Our banking infrastructure. What. What was it at that moment that said that that's the direction they had to go? And was it meant to be temporary?

[Chip]

Are you talking about the latest information or the first two?

[Jeff]

No, the first, like in the beginning, if we go all the way back to the beginning, you know. You know, from a temporary, you know, construct to eventually it ends up kind of going down. Too much of a good thing becomes bad, you know. So was it meant to be, you know, something temporary? Was it meant to be a savior? And then did they take advantage of the situation? Because that's typically what happens. It's something that's brought in to help and then eventually they want to make it permanent. Once it enters into the kind of that whole government, you know, I don't want to say cesspool, but it's almost like a black hole, you know, and it just. How do you get it back out? It's so hard to get things undone. It's easy for them to do and you know, and then how do you undo. And so now it's just become a consistent part of our. Of our financial infrastructure. And then it's global now, you know. So I think it's super problematic at this point, you know, because no one, no one's ever questions it until recently.

[Chip]

Now, I mean, Ron Paul really the first one to really question it. 25 years ago.

[Jeff]

Yep.

[Chip]

According to. According to Chad, it says the first central bank in the United States known as the First bank of the U. S. 1791-1811. Driven by the need to stabilize the nation's finances, unify its monetary system, build economic credibility. After Revolutionary War, the USA crippling debt. No standardized credit currency. It was modeled on the bank of England. Great, go back. Hamilton admired the British central banking model, how it supported public credit and economy growth. It was at the time it was meant to unify the states economically. You know, basically restore. Because remember back. There's so many different banks. There were so many different types of currency floating around as well. It said that Jefferson and Madison opposed it, arguing it was unconstitutional in the favor of northern elites. They feared it would create too much federal power. Yeah, that there's a reason. You know, you talk two founders there all bad things can happen. And it's just. I just don't understand how in the middle of the night, I mean. Yeah, the creature of Jekyll Island. Where do we see that?

[Jeff]

I'd say the whole concept, like you just, you just had stated, you know, the whole Concept was because of the instability. So they bring it in as a stabilizing factor, go over a take from what England's doing, try to, you know, put power in. It's definitely power in the hands of whoever was controlling it. But there was a point it was we gotta, we gotta save us from insta, we gotta stabilize. They have to stabilize and then create some sort of a consistency of, of banking or of currency, you know, so they have this great idea, establish that and then, then where are we? You know, then what happens?

[Chip]

Yeah, and also too. Well, the second, they got rid of that one, then the second federal bank was from 1816 to 1836. And then it was Andrew Jackson, which, you know, if you remember Trump's first presidency had Andrew Jackson's picture. So it was kind of telegraphing of all people why Andrew Jackson. And Andrew Jackson was heavily criticized as, as well. But the, the thing between Andrew Jackson saw that, you know, again, it favored the elite, the wealthy, and just like every, just like the founder said, it was unconstitutional. But not if you write, not if you come up with a new constitutional amendment. But again, how can you come up with a constitutional amendment that you can't bypass? So the whole idea is like, it really is unconstitutional to have a. And even though the Supreme Court even held it up back then, which is incredible, and the whole idea of it concentrating the federal power. But I think there's going to be more of an outcry. And you know what's funny is like most people don't know about the Federal Reserve. They don't understand. They think it's part of the government, Federal must be part of the government. They don't know it's a third party, you know, debt ridden type of a system. But Trump is brilliant in the sense that he keeps, he keeps motioning. He did this a lot in his first term where he put so much heat on the Federal Reserve that people started looking at it and all of a sudden they started lowering the rates. Remember, the rates started coming down, coming down. And he was comparing it to Europe. Look at Europe's. Why are, why are, why are our rates almost double what Europe is? Why is that he's doing it again. And the more scrutiny the Fed gets, they don't like that scrutiny. They want to fly under the radar. They don't want a lot of eyes. And the only thing I can tell you that Tommy Thomas Massie has done, because he's mostly an instigator and votes against Trump on everything. But the only good thing he's Done. Is he. He has a bill ready to go to audit the Fed. He's the only one that has a bill ready to go. But I don't know if you can get it on out of committee to put on a floor for a vote because they're so. Congress is so bought, you know, they're so purchased. And why would Congress vote themselves out of money? Why would they also vote themselves out of favor? And why would they vote for term limits? Yeah, let's vote for our own demise. Sure, that makes sense. I mean, they're never going to vote that in. Yeah, it was Jackson. Yep. Andrew Jackson was the man. Andrew Jackson's a very interesting president, man. Very much, a lot like Trump. He got so much scrutiny, they try to set him up. This is funny, My. Our buddy Rob Cunningham said this. Hey, Federal Reserve heard this one. Knock, knock. Who's there? Special delivery. Special what? Global Freedom. Not interested. It's a trump card. Oh, goodbye, Federal Reserve. Hello, Global Freedom. With warmest regards, Donald J. Trump. So there you go. There you have it right there. Yep, there you have it. Crypto support our capital. Thought that was a good one.

[Jeff]

Well, here's the bill, you know, from, from Tom Massey, and he's introduced it a number of different times, you know, so he put it back, started in 23, you know, introduced it. So here we go again. Was just introduced in January, but it's got zero traction. So it gets to the House Oversight and Government Reform Committee. That's where it's referred. And then that's it. You know, I mean, it's, it, it gets crushed. So let's look at the actions. So it's been there since January and basically just it was introduced. It gets referred, gets to committee, and that's the end of it. So it's going to die in committee debt. There's no amendments. It's got a summary text to. It's got some co sponsors and we can take a look and see who thought enough to say, you know what, we need to audit the Fed. We need some transparency in the Fed. We got probably no Democrats on here, but let's see, we got Lauren Bobert, Andy Biggs, Mike Boast. Let's see if there's anyone.

[Chip]

Speaker was behind it, too. He's talking.

[Jeff]

There's Warren Davidson. He shows up.

[Chip]

Yeah.

[Jeff]

Paul Gosser, Marjorie Taylor green. See Tom McClintock.

[Chip]

I've got a video here for the OGs in the space and I can't remember the guy's name, cannot remember the dude's name, but this is A classic OG video from back in the day. I don't even know what happened to this dude that stars in the video. But you guys will know. And I want to see whoever, the first person to put his name in there, the guy that's speaking, it's like, it's like I can't grab the name, but this video is probably circa 2018, 2019, something like that. But somebody cut it together and basically he was ranting at Garlinghouse. Brad Garlinghouse, CEO of Ripple and maybe even remember his name. Jeff. I can't. I thought I'd begin with a B. I can't remember his name. But anyway, he's ranting and someone cut clips of Garlinghouse in here. It's pretty funny. Here we go. You audit the auditors for a living. There you go.

[C]

Now we are in a real live motherfucking shit hit the fan situation. It's not looking good.

[Chip]

Well, what we committed, a baked potato or xrp. Which one's gonna really have more value? I mean you could. Brad Garlinghouse, I'm gonna need you to get off your ass. I'm gonna need you to make sure.

[C]

That the price of XRP hit $100 before this years out.

[Chip]

I mean, you know.

[C]

$100 before the year is out. It's the bank money that's gonna make the price blow up. Hundred dollars.

[Chip]

Well, what's next for us is to continue to. It needs to happen fast. Matter of fact, we need a 25XRP by July 1st. Okay.

[Jeff]

So whatever you gotta do.

[C]

Bank money. Bank money.

[Chip]

Cy Flex put that together. I see it, I see his. Yeah, he did some good stuff back in the day. But so yeah, so John Doe's saying that was. That was 20. 2018. Yeah, I said 20. I thought 2019. 2020. But 2018 sounds about right. You guys remembered his name. Baked Potato. Which one's gonna have more value? And the lip smacking. He did a great job of cutting that together. You guys remember his name? John Doe. You remember? I can't remember his name right off.

[Jeff]

Hand with the money.

[Chip]

I might have to. I might have to ask Cyclex and ask if he knows who. Who that was. And guys, on Wednesday night, myself and Jenna X, we both hosted a space.

[Jeff]

How did that go?

[Chip]

It went really well. It was a great turnout from people. Got a really strong watch re watch on that because it was recorded and it was a lot of fun. So the first sort of 30 minutes of that was just us. A lot of people had asked questions prior. So it's just posting it to the two founders of, of the, of the Zao Dao which is for you know, the XRPL community at large. And so this is one of the questions on the excerpt that was asked. This was asked and then Santiago Velez and of course Fabio Marzella was also answering questions. But this is one of the excerpts and it was about governance because a lot of people think a lot of, a lot of daos have issued tokens. There is no token with this. The only token is going to be xrp. So the whole idea is that you have this community, it's $10 one time fee, you get to join the Zaodao. And the whole idea is there will be proposals. Anybody can create a proposal. You can vote on a proposal and say somebody's looking for money, they're looking to forward or at least advance the something on the XRPL or they looking for a grant to build on there and then the community gets the vote. So you really have a voice once again that's going to be self sustained. There's going to be some other things rolled out that will allow the Zodao to grow and sort of a usage model and that's coming as well. So I'll also put the link in there so you guys can go sign up for the register for the, to get on the wait list and when it's actually done. But this is the one clip that was talked about governance listening well for, for governance. First of all we wanted to make sure that XRP is the center of, of the Zao dao that we didn't create some other governance token that through, you know, a whale could come along and buy a large fraction of, of tokens in circulation and then kind of take over. We've learned that lesson from other daos and, and that ultimately ends up being ineffective and you don't represent the community. Your, your vote is not diluted by you know, the billions of XRP that exist out there. It's only in proportion to the other members of the dao if there are very, very large whales and we welcome everybody. So it's not that we're against whales, but we do want to give everybody a voice. There's a couple cap and so you don't have to worry about like Ripple for example having a huge amount of Dao votes just by fact by virtue of having a lot of xrp. So there you have it. But there's a lot of questions of you rolling out and you know, like I said, the, the whole idea of The Zao rolling out is to give everybody a voice in the community, get to vote on projects again, self sustain. And a lot of people also have this misconception that this is somehow intertwined with, with Ripple and it's not. It's its own sort of functioning thing and it is decentralized in the sense there's a manager, the two managers and founders. But again, if there is a set of rules that were started, if you don't like something, you create a proposal to change it and the community gets to vote on it. And that's kind of how it works. So this is the.

[Jeff]

Already working on my proposal, Jeff.

[Chip]

I know you're already working on your proposal by the way. Yeah, I don't, don't give it away yet quite yet, Jeff, but I think.

[Jeff]

I'm gonna tell anybody, but I think.

[Chip]

It'S a good proposal. I'll do is I'll share this. It's Zaodao IO. Go in there and go ahead and register for this. So when, when it does go live, you'll, you'll learn about it. And again it's $10 paid in XRP, the equivalent of $10 USD paid in XRP. And here it is right here. Just go ahead and throw your email in there and go ahead and join the wait list. And I also recommend following on X as well. Here we go. So I'll put that on there guys. So go ahead and follow on X so you can see all the updates. There it is. Boom. So there's two things. There's the two things right there. Go follow that on X and then sign up for the wait list. Good stuff, man. Exciting. It's coming out soon. Soon.

[Jeff]

Oh, I don't know. I don't remember if I proposed it on the live show. I did.

[Chip]

You wanted. You. You wanted. No, I don't know if you did either. Maybe you did. I know, I know what it was.

[Jeff]

Nobody knows what is.

[Chip]

Well, let's see. Members. Osman, do you remember what it was? That's what I want to know.

[Jeff]

Huh. Then keep it to yourself.

[Chip]

You don't ever think we're gonna see two to under $2 again? That's possible. It's hard to know. But I think we're. I think we're in a good spot.

[Jeff]

Yeah. Oh yeah, that's right.

[Chip]

I did say yeah, it was it right there. You should said it shouldn't be a one time fee. You want to propose?

[Jeff]

I'm making a proposal. I want a reoccurring fee that just so that way there's always money being re injected back and it keeps people accountable for wanting to stay part of the Dell versus a one time and put it in and forget it.

[Chip]

Yeah.

[Jeff]

I mean there's more to it.

[Chip]

It's not like it's a lot. Famous last words. Check the tape. Check the tape.

[Jeff]

Check the tape.

[Chip]

Go back and yeah. This was Charles Hoskinson talking about the biggest airdrop in airdrop history. Man.

[Jeff]

I don't know if I'm excited about the biggest airdrop after somebody sold $9 billion worth of Bitcoin.

[Chip]

Right. I mean, hey man, there it is.

[Jeff]

So here's what we're going to do with midnight launching soon.

[Chip]

Yeah, that's midnight.

[Jeff]

So here's what we're going to do with midnight launching soon. We're going to do a token drop airdrop called glacier drop. Brand new distribution mechanism. And if you hold bitcoin, ether cardano xrp. If you hold avalanche, bnb. Wow. If you hold brave because we like the bats people. Yes. If you hold any of these ecosystems about flare, you already have it. Congratulations, it's for free. Just airdrop it to 37 million accounts.

[Chip]

Y.

[Jeff]

Pretty cool.

[Chip]

Yeah, pretty cool indeed.

[Jeff]

You can do whatever the hell you want to do with it. You can ignore it, put it in the corner like a lonely dog. You can sell it, you can burn it. You can say, I really hate that Charles Hoskinson guy. So I'm just gonna find a way to weaponize it against him. I don't give a shit. It's yours. It's your property. Anybody can take it. And what this is gonna do is it's gonna bring the entire industry together. It's gonna bring all the people together and it's gonna give them a new way of thinking about things. The other magical part of it is the dual tokenomics model that we have. The idea of having a token and a capacity unit which means that you can pay in any asset you want and just works. It's interesting.

[Chip]

Very interesting.

[Jeff]

So interesting. These guys are always thinking, when's the drop at midnight?

[Chip]

I don't know when that's gonna know. Midnight's the name of the. Oh is the token drop.

[Jeff]

That's what.

[Chip]

That's what it's actually called. So I don't really know what it is, but it's something along those lines. Not 100 sure. I don't know. I'm not even sure what that clip was about. I don't like when they don't put like when did that. When did he talk about that? Was that Recently, Was it within the last couple months? I don't know. I've heard of like 10 years ago. Yeah, I don't know. I don't know when. When that actually was, but I think it's semi, you know, it's semi. So here's Trump talking about everyone. Trump was in Scotland and he was on vacation playing golf. Meanwhile, he just secured the biggest trade deal in U. S. History, you know, screwing around, if that. If that's what happens when you go on vacation, I think he ought to do more of that. I think he should be doing far more of that. So here it is. Here's him talking about it a little bit. Started months ago, this negotiation. So we knew pretty much what we were getting into, and we were able to make a deal that's very satisfactory to both sides. So it's very. It's a tremendously.

[Jeff]

It's a very powerful deal. Deal.

[Chip]

It's a very big deal. It's the biggest of all the deals. It will be the biggest of all the deals. We're very honored to have done so. And your staff has been fantastic, and.

[Jeff]

They work together very long and hard. So awesome. Long and hard. That's so awesome. 15%, you know, tariff on goods coming from Europe, 0% tariff on goods going into Europe. But with that, they're also buying all sorts of energy.

[Chip]

Yeah. $600 billion they're investing in the U.S. they're buy inside, buying 750 billion, almost a trillion dollars in U.S. energy. And Trump's like, yeah, it's. It was fair on both sides. It made sense. Well, they're paying a 15 tariff and we pay zero going into there and opening a new market. Again, it's all about the markets opening because we didn't have the markets going open. And it was so distressing to the press that they had to ask if there was. What did the government. What did the US Give up? Remember, this isn't Turnberry, Scotland, but they wanted, the press wanted to know what the US Gave up. Here's the question. Yes, ma'. Am. I have a question for the EU Commission President. What are the U.S. concessions?

[Jeff]

What is the U.S. giving up in.

[Chip]

The deal, if anything? So as we. The starting point was an imbalance, a surplus on our side and a deficit on the US Side. And we wanted to rebalance the trade relation, and we wanted to do it in a way that trade goes on between the two of us across the Atlantic because the two biggest economies should have a good trade flow between us. And I think we hit exactly the Point we wanted to find rebalance, but a. Enable trade on both sides, which means good jobs on both sides of the Atlantic means prosperity on both sides of the Atlantic. And that was important for us.

[Jeff]

Really good.

[Chip]

I mean, you got to, I got to give her credit for thinking quick on her feet. There are no concessions on the US side. And spoken like a politician. We started with the imbalance. So the US was already in a negative situation. And what we did is we wanted to balance a mumble jumble, blah, blah, blah. Bottom line is zero tariffs on the US going in 15% across the EU. Holy cow. What? That's an insane opportunity. And deal. And again, they, they can't believe that Trump could put together this deal. No one's even attempted it. But this is why Trump is a negotiator. That's why he has negotiators and a team of people and they, they're not going to bend. And, and this was. Bill Mitchell put this on. I thought this was spot on. He said, he said, how do I get this off the stage? There we go. Remove that first.

[Jeff]

There we go. Remove that.

[Chip]

Mitchell said, so do I have this straight? The EU will pay us a 15% tariff on exports to the US while charging us 0% tariffs on US goods sold there and then promising to buy hundreds and billions of dollars in US energy and arms. Did Trump have pictures of them naked? Like it's unprecedented. Like, what did he have on him? It's like. And that's why you see the press ask a question. Excuse me, but did, did the US give up anything? Was there any concessions? And, and it was funny. Someone said he looked like in a good mood. He goes, I'm not in a good mood. And you just saw her face was like, you know, no.

[Jeff]

Tariff on Scotch, tariff on wine. That's interesting too.

[Chip]

See, we'll see what the, the understand Peter Schiff like a five year old.

[Jeff]

Five year old could understand.

[Chip]

You gotta love it, man. You just, you have to just love it.

[Jeff]

And then they don't have guns or bullets. That's right. They don't have anything.

[Chip]

They're just, they're, they're losers all the way around. Someone made this. I wasn't watching it for a while. It's just a loop video, but it's fantastic. Trump driving. The Trump driving.

[Jeff]

Look at that. That's brilliant. They're missing someone in the back. Fauci.

[Chip]

Yeah, that's. There you go. Is that John Bolton? It is John Bolton. Obama is that shifty Shift. There's a whole bunch Clapper. There's a whole bunch of them that are missing, I think, ultimately. But what a. What a negotiator, man. He's always. He's criticized the U.S. like, they don't have. They don't. People negotiate these deals. They don't know what the hell they're doing because Trump uses something called leverage. Something called leverage. And.

[Jeff]

But he also cares.

[Chip]

Well, that's true. There's also that. That piece of it. There's also that part of it. But.

[Jeff]

But hey, it's getting. Getting to that time. I want to play this song. It's a quick song. It's the first or second version of the second iteration. Completely different style, shorter as well. Doesn't have everybody in it, but I think you guys will enjoy this one too. So let me throw this one on here.

[C]

Oh, Yeti's tonight but this dream still slaps we're shouting out the winners who filled up the map Three nights a week you type yeti with might. Now let's light up the chat with that winner's delight Brian here rock freaking came through crypto Geet and Joel calm 1, 2, crypto Harry Tony bags in the mix hand slow to JC typing quick lower level deep Scott from future verse Mike Morath he won in reverse Adrian S, Jim D cash on a roll Ray runs name getting hot like Cole reborn John Charles you win too much visual Kevin and Donnie in the clutch Mr. IV8 and Ray Feuenty's flying Brian and Matt got future verse vibing Sean Thompson Chad the king's on on the list sober Bart on the lake we don't miss make dreamy's dream and Zed got the call and Charles again bro share with us all now if you didn't win, don't start the trip we know what you'll say it's the same old script rig rug toe to rug pull but deep down you know the deal's legit we're just glad you're here. This tribe is lit so type Yeti loud when we go again. You never know, you might just win. Charlotte, save some for the rest of.

[Chip]

The of us, Charles. Save some for the rest of us, Charles. Save some more for the rest of us. Okay, so who was this was so Osman was saying that US Products would be too expensive in the EU but on the other hand, EU Products would be cheap enough even with the terror. Prices are way different. E.U. s money power is strong in the U.S. that's a good point. But last year in 2024, the UK alone spent $118 billion. Okay so that was $118 billion. You're thinking about $750 billion in well in, in, in energy. We know however that breaks down. But it's pretty. That was. So goods and services turned out to be about 118 billion. And I was looking at the U. The EU in total is 355 billion in 2024 across the entire, you know, European Union. And that breaks down into roughly see the total trade goods and services. I don't know if I have that data but I was just looking through. So you're looking at 355 to 360 billion in goods from the United States. So this whole idea of like it's not. Look, people will pay for stuff that they want. They're going to want some things from the US I know that people are like oh we don't want the U. S Stuff. Yeah but meanwhile you got every horrible crappy ass chain restaurant in your countries that I hate going to your countries and seeing that because I don't even want to go. It's. I don't even want to eat that, that slop here, you know. So if I have to go see you go there, you see a Starbucks, you see a McDonald's. All this garbage food. It's like no man start take advantage of all the other things we have that are much better. And where we really dominate is services when it comes to software and you know, stuff out of the, you know like Google and, and Microsoft. That's kind of where a lot of that comes into play. So that's the better stuff. So you're already doing that. There's already special pricing for that. Yeah, the German gas market. That's absolutely right. They're getting all their energy from, from.

[Jeff]

Russia at the point that made a lot of sense.

[Chip]

Need to sell us a yeti. Winners of that tune. Yeah, we'll put it up as a limited edition NFT that you can get for just a couple of, you know, XRPs.

[Jeff]

We need to, we got to do some.

[Chip]

That would be very process of getting some more but we just, just ran out. Look, we ran out. We, we got rid of them all. We didn't realize that we were eating them all. We will have more if not for the next show. We'll have them soon. We'll have them soon enough. So it will start giving away again. We're also gonna soon be minting a new one. So we'll be there too.

[Jeff]

And we're excited about the new. The new one will be when we roll that out, that'll be very cool. The next one coming is going to be the badass chimps.

[Chip]

Yeah, that's true. The thing thing is the wages in the EU countries, around 1200 euros a month. With that money, you can't last a week in the U.S. true. That is very, very true. It's a good point.

[Jeff]

Is that accurate?

[Chip]

Black tribe.

[Jeff]

There is no. We have a. We have a purple tribe and a black tribe coming, but they're not. That's not the next. The next one's up. We're going to do the badass chimps and then we have the yowies for everybody in Australia. We got to get the yowies out.

[Chip]

Gotta get the yowes, the yahwehs. So that's all we have for you guys tonight. It's going to be a spectacular week of more winning. Just when you think you've won enough, the winning keeps going. There's a lot of winning and it's happening globally because the woke stuff's going out the window, which I really like, Josh. I mean, I have to say that, you know that I'm really liking the fact that I think we're finally at an inflection point here where you don't see that stuff happen so much anymore. It feels like it's not as prevalent that you. That you see, you know, I mean, a lot of the woke stuff's gone away, Jeff. So that's part of it. And this. Right. Let's see if I can. Let me see. I'm trying to find. I don't know.

[Jeff]

How do you win crown points? What are all the crown points? We don't even, you know, we gotta log into the YouTube to actually see the crown points. Otherwise we don't even see the. As people are winning there. YouTube did some strange things.

[Chip]

What do you mean? They did some strange things. Trying to. Where the heck is it?

[Jeff]

If I can. Trying to. Trying to log into it and it doesn't let me log in. The top fan. Let's see who the top fans are tonight. Fl JD that looks like Jim D. And then we got Chad is number two and Ice Wine is number three, followed by Art on the Lake. It's. It's. It's interesting. They have. You get. Not even sure how. How these add up. And then what do you actually do with them? It says here the leaderboard. A place for fans to stand out in the community. You. The top three get special badges in the live chat. It resets every stream so you can always try again. How do you get on? You'll need to collect extra. You have to collect experience points or xp. Here's how you get them. Send live chat messages or if you send super chats and super stickers, then you get onto the leaderboard or you just chatting. Just sending all sorts of chat messages.

[Chip]

Nice. That's awesome.

[Jeff]

That's pretty cool.

[Chip]

Well, Jeff, this is how I real. When I saw this ad, this is when I realized that woke era is over. Because you would not have seen an ad like this. This ad is for American Eagle and it's Sydney Sweeney. But let's just check this out. This is how I knew the woke era is officially over. Cities 20 Hasbro Kings. The Wok era is officially. I thought we were back in the 80s or 90s.

[Jeff]

A lot of different reasons. That was awesome.

[Chip]

I was like, wow, you don't. You don't see that anymore, man. It's just insanely amazing, you know that this is where we are. Yeah, it's. It's pretty wild. Pretty wild, man. Actually some reason. I don't know why I think it distorted it though. I don't know. Let's see. No, I gotta share it again. It seemed like it was doing something weird. There we go. Because it's a vertical format to share on. Here it is. So let's do this. There it is. That's the full Sydney Tweeny hasbr. It's just simple, man. It's getting back to advertising, you know.

[Jeff]

Yeah.

[Chip]

I don't know if they did a switcheroo with somebody in the car, like they stopped the camera and someone else got in, but man, that burnout is nice.

[Jeff]

That was really sweet.

[Chip]

Just going back to basics. A real simple.

[Jeff]

Compare that one. And that wasn't even a Ford commercial. But compare that commercial to the Jaguar commercial.

[Chip]

Oh God, Jeff, please.

[Jeff]

They single handedly destroyed the Jaguar brand.

[Chip]

Well, the, the funny thing about that commercial is they just laid off. Here, I've got. I'm going to put this one on next. Here we go. Tell me if you have sound on this. Let me hear sound.

[Jeff]

It's not up yet.

[Chip]

No sound.

[Jeff]

Well, you haven't put it up.

[Chip]

Oh, hang on a second. There we go. Tell me if you have sound.

[Jeff]

Yes.

[Chip]

Here's a Jaguar commercial. And even the logo, they destroyed the logo. This is the new one. Mix in uppercase, lowercase. You know, typical things you don't do an iconic brand with so much rich, you know, with such rich British history destroyed.

[Jeff]

Destroy what's not British anymore anyways?

[Chip]

Well, I know it's not, but it's a. It was a British iconic brand and they destroyed it. So there you go. That's the. That's how to destroy a brand. One, two, three. And they just laid off 200 people. But it was 200 people in management. People got the axle. Like, no. Who thought that was a good idea, really?

[Jeff]

The zero.

[Chip]

Yeah. Classy brand gone. Exactly.

[Jeff]

Charles saying, show the Elon Musk ex Grim Reaper tweet. I don't.

[Chip]

I don't know if I have that.

[Jeff]

See that one? It's. It's owned by Tata Motors.

[Chip]

Yeah.

[Jeff]

And Tata Motors, actually, they make a nice. A nice vehicle. But they also own Land Rover, Jaguar, and I believe Volvo. They got that. They bought all of those from.

[Chip]

They do.

[Jeff]

From Ford when Ford had owned them for a little while. They, they. They definitely had outdone Bud Light. That was.

[Chip]

It's. I thought. I thought nobody'd want to do that, but yeah, it's.

[Jeff]

But someone did, and that was Jaguar.

[Chip]

It's like bottom of the barrel liberal nut. Nutter jobs. Like, they put people from an insane asylum and put them in a commercial like there's nothing. It's. Because you got to remember too, like, what's the demographics for Jaguar? Right? Is. Is it 20 something's buying it? Is it something's. They're not down on the whole copy. Nothing. Well, just because you did something way out there doesn't mean it's something original. It's just pathetic, man. Just absolutely bad news, man. Pathetic. I don't know, man. The Bud Light pretty bad. It's pretty bad.

[Jeff]

And that was worse. See, that's all you got another one.

[Chip]

See if there's another.

[Jeff]

To the next one.

[Chip]

Jeez. This is. Okay, this is. The age of woke is definitely over, Jeff. Holy cow. Look at this. Look at this one. Tell me if we don't have sound. Okay, here we go. Listen. Here we go.

[Jeff]

No sound.

[Chip]

No sound. This is complete. This. This program. Complete and utter absolute. And make it so damn hard to jack bar light. There we go. Here we go. Here we go. Let's try it again.

[Jeff]

Sound.

[Chip]

Here we go.

[Jeff]

My body's composition is determined by my genes. Hey, eyes up here.

[Chip]

C. Hasburg Kings. I'm telling you, man. That's 15 seconds. Dude. There's a lot going on in 15 seconds. Well, the era of woke is over officially. There you have it.

[Jeff]

See that? Every time Alex Cobb does a live stream, the price drops. Every time OTC does a live stream, price skyrockets.

[Chip]

We love to hear that. Yeah, we're always like begging Cobb. Don't stream. I'm thinking about streaming. Don't stream. Someone has to tackle that kid, man.

[Jeff]

Just go away. Just leave.

[Chip]

Every single time without fail. You can watch it just drop during his. During his stream. The copser, man. For sure. For sure. So there you have it, man. Two back to back, you know, advert adverts.

[Jeff]

That's right.

[Chip]

Yeah. The Carl's Jr. Yeah, it's. It's. It's kind of in line with the Carl's Jr. It's kind of a. You know, I'd be woke for that girl when I was 20. I think he's still. I think he still would be, man.

[Jeff]

And to put that.

[Chip]

So here we go.

[Jeff]

What's that? You got another one?

[Chip]

No, no, no. I was like, it's. It's funny because the. But those are the two. Cindy has great jeans has gone viral, flooding social media. Iconic denim looks bold style from Sydney Sweeney. Let's see how the Internet reacts to this. So, yeah, it's definitely. Then there was this one. So, you know, it's getting back to what sells. You know, there's that one right there has great city sweet jeans.

[Jeff]

Compare that to Jaguar.

[Chip]

Yeah, compare that to. Compare that to Jaguar. Look at this right here. Check this out. This is how, you know, something works or not. Cindy Sweeney, the American Eagle, has great jeans. Look at American Eagle.

[Jeff]

Damn. Look at that stock. Look at that.

[Chip]

And then look at Jaguar into the ground. There you have it.

[Jeff]

That's it.

[Chip]

What do you say, man? The era of woke is officially over.

[Jeff]

Of woke is over. We got this. Got this clip here. This was filmed in the beginning of the woke era. Let me see. Let's put this on real quick.

[Chip]

And there you have it. Sir John right there. Sir John giving us a. Giving us a. He also did one without. Do you have the one without the music too?

[Jeff]

I do.

[Chip]

Somebody in there.

[Jeff]

It's actually pretty good. It's like an acapella.

[Chip]

Yeah, let's hear that one.

[Jeff]

Here we go.

[Chip]

Lily Marlin realized. Lily modeling, harmonizing with Sir John. That's fantastic. It's greatest thing raw, man.

[Jeff]

You love Jaguar until that commercial. I mean, if I was a collector, I would sell them all just for that.

[Chip]

A lot of people did. I think that.

[Jeff]

I think so.

[Chip]

Punch somebody in the face. I mean, Jaguar, what an iconic brand. I mean, and the whole idea of the Jaguar in the front and the original logo was so good. You didn't have. Why would you change it? I don't understand. These people want to do the Jaguar logo. Look at this.

[Jeff]

It's crazy. It's actually. It's just crazy.

[Chip]

It's beautiful. Look how beautiful that is gorgeous.

[Jeff]

Yeah. Until.

[Chip]

With the Jaguar type. And they just totally, just crushed it, man. Bunch of lunatics.

[Jeff]

Mind. Mind boggling.

[Chip]

Yeah. And then where's the. Let's see if we have the new logo. Oh, it's so funny when you look up Jaguar logo, it just has the old one. Oh, yeah, here we go. So here's a tale of. Of how you destroy the other one. There's. There's the. Tell me, tell me which one looks better. There's Jaguar and then there's a shitty one. The hell. And. And they're not. It's not even a real. First of all, this is me. I can tell you, just being in the business. What they did was. And this is a. No, no. They. They was all made with circles. First of all, the tangents aren't even correct here. And they are. Tell you when this is all made, the kerning's all weird. This j. You know, the way they spliced it together, you can see that the tangent isn't smooth. It hits it on an angle. It's just bad all the way around. Whoever did this, some bad designer, they made up their own font versus this legendary font, you know. But hey, man, you know, F A F O F around and find out they did. That's right. They're like, oh, no. Yeah, Bud Light. Nah, we're better than that. We. We break all the molds. You know, it's funny because molds here, we spell mold. M O L D and they spell it, I guess in the UK M O U L D mold. I don't know. Anyway, people, we gotta get. We gotta get out of here. The new logo looks like a cologne ad. Yeah, I don't know what it looks like. Jaguar sales plummeted. Okay, go to the X, Jeff, and. And see if you can see the Elon.

[Jeff]

I'm on it, but I did not see it.

[Chip]

Let me see. Let me go to mine. I'm going to mine. He probably sent it to. On the chain, which I don't have.

[Jeff]

That's the one I was just logged into. Hang on.

[Chip]

Notifications messages. I don't have that either. Did you tag us or. You said it dm. Because I don't see it on the chain or on my personal.

[Jeff]

Yeah, now I'm going to. Let me go to. Maybe he tagged us.

[Chip]

Notifications. Okay, I got it. Here it is. Okay, he did tag us. Here we go. Oh, no. Let's see. Here we go.

[Jeff]

Got it.

[Chip]

Okay, here it is. Elon Musk. Oh, no, no, no. First Ozzy, now the Hulk. Is George Soros even in this damn thing? Grim Reaper. Wow.

[Jeff]

That's pretty fun.

[Chip]

Damn. Damn, son. There you go.

[Jeff]

Very funny.

[Chip]

We have it. All right. We are getting out of here, and I totally mean it.

[Jeff]

That's it. We're leaving this time.

[Chip]

No more BS. We're just getting out of here, Jeff.

[Jeff]

That's what we're doing.

[Chip]

Be back on Wednesday evening and we'll break down more stories, we'll talk about more stuff, and we'll probably go down more rabbit holes and go 20 minutes longer. We should have cut this 20 minutes ago.

[Jeff]

Yes, exactly at the one minute mark. Good night, everybody. And we'll check you guys out on the next one.

[Chip]

Chipping. Jeff.

[Jeff]

Oh, are you down with otc?

[Chip]

Please, like, subscribe and click the bell.

[Jeff]

To be notified when the next video drops.