A (9:41)
That's huge, right? So they're looking to develop, expand and really utilize the technology that's at hand. But what they're doing with this compute layer and Flare 2.0 really assessing how do you use XRP more, how do you, how does it become more day to day? But then the xrpl, the xrpl, there's so much technology built in and around the XRPL that really right now as it sits, it's rel relatively untapped. There's only a handful of companies that are really building into real world utility. One is Ripple Rebels building towards the institutions. And then flare and flare has been, you know, we're year three since they started the, the airdrop and the airdrops now over. But I can't believe the time went by in those three years. But we've seen consistent growth, development and maturity. We've seen Flare mature to a point where I would put them almost on par with the direction that Ripple is going at this point. But from a, you know, if we look around and we want to really assess crypto companies, output them on the mature side of crypto developing companies, not just from the time that they've been around because you can be around and still not mature, but they have built in such a way that they're assessing real world utility problem solution. So you have to have, you have to build something that's going to be used real world utility to have it to have a benefit, but you also have to assess that there was a problem, a real problem and your product is solving is a solution to that problem. And there you get the real world utility and that's flares on that track. And so we have two companies now, Blair Ripple, Both utilizing XRP XRPL as a, as a concept construct of their, of their base technologies. Ripple developing into a heavy institutional focus beyond the xrp but utilizing xrpl, assessing the benefit, the strategic benefit of, of the stablecoin and beyond and everything that they're going to do within the financial institutions. Flare's moving it in such an amazing direction as well. And I love the fact that we can hear from Hugo and, and he's out there, you know, talking about this now to that point let's look at exactly where flare kind of a mark where the FXRP is at this point. So, so we could say okay great, you can talk the talk but now let's take a look at where the FS FXRP is. So let's, let's zoom into this real quick. Here we go. So let's look at the flare FXRP supply. So the FXRP supply is approaching 100 million with the majority that's locked into defi. Now here's the comment from Flare networks. That's what happens when XRP gets real on chain utility. So again not just speculative, speculative growth, but this is real on chain utility collateral liquidity and yield primitives that scale from retail usage today to institutional workflows over time. So again they're also projecting their focus on their growth, their development, also hedging on the institutional dynamic. So not just the retail usage but the institutional usage. They're anticipating a major shift that is coming within the financial infrastructure. The adoption of big financial institutions, the adoption of government banking infrastructure, of the crypto assets, whether it's going to be XRP or beyond, but real world utility, you know there's, there's a major shift coming. We, you know, we're looking at from an investment perspective, a lending perspective, all the things that can be done utilizing Flare, utilizing the XRPL cross chain. Because we're also going to look at what's happening in combination with Ethereum and this becomes really important because we can't stay isolated in the silos. We have to look cross chain, we have to tap in to the beneficial, the benefit or the beneficial aspects of other technology that is being developed out there. That's moving also kind of at this breakneck speed, right? I want to say lightning speed but I think now we're going to start seeing faster and faster pace similar to the fast pace that AI is moving right now. And yesterday we talked a little bit about the incorporation of AI with blockchain and how that can really fundamentally change the pace of, of, of inclusion of the technologies together based on the, the growth factor, the speed of it. And I think that, you know, my opinion, but as we look at AI and, and its use of, of, of the financial kind of infrastructure internally of AI being in blockchain makes the most sense. Tapping into the various chains which everyone might be most beneficial, but that would also have to be crosschain. It can't be siloed necessarily just into one. But there's so much to where we're really going. Right. So Ducky Mc Scrooge is saying, I hope changes around the corner for xrp. We need to get the clear. We definitely need regulatory clarity. You know that, that is definitely, you know, of critical importance. There's some other really important things that have to be passed as well, you know, beyond just the Clarity Act. Clarity act definitely does. We need that clear cut determination of how we are going to interact with, with crypto asset in the United States to set a tone for the rest of the world to follow. But at the same time one of the key acts that went through Congress, got passed through the House, is now sitting in Senate. And I believe that they're going to find a path to get this through, which would be the Save America act, which is making sure that, you know, all voting is based off of voter id. We have to save our sovereignty. So if you have no sovereignty, anything else that we talk about, I don't care if it's crypto or fiat or gold, it, it lacks relevancy. So I think there's some, some real key acts and moves that have to be made within Congress asap. We also have an election coming up. Yeah. In, in November and we have primaries coming up in August. So there's going to be potential delay or maybe a potential speed up. Maybe they're going to try to push the Clarity act through. But I honestly don't think it goes through in this session. I believe it's going to wait until 26, meaning the 26, 27 session. So obviously we're kind of coming to a conclusion of this year. The no November election is, is right around the corner. So as we kind of push through to that next election cycle, then after that it's, it's going to be all hands on deck because there's other things that you know that are going to go into the Clarity Act. There's more, there's more development within crypto and we're beginning to see the acknowledgment or recognition at the government levels of the normalcy of crypto. Meaning that it's going to become and is already on path to become a normal part of our day to day financial infrastructure. And, and that is very, very important. So as, as we start seeing the relevancy of it, the other part is that we're still on the roller coaster. So, you know, you talk to people that are not 100% familiar. And we talked about this the other day. Chip was on and I think it was Trace Gallagher. It might have been someone else on Fox News. I forget exactly who it was, but they were, they were talking about the kidnapping of the one reporter's mother and where is she? But there was someone putting out a bitcoin ransom and he kept referring to the bitcoin wallet as a purse. Now it's been out for more than 10 years now that, and, and everybody knows it's a bitcoin wallet. And maybe just he had a lapse of, you know, kind of mental state for that moment. Couldn't think of wallet. Maybe it didn't make sense to him at that moment. So all he could think of was purse. But we need to get this, the vernacular down. People have to be very kind of, it has to become part of our normal lexicon. We have to, you know, we have to say, okay, we're going to talk about the wallets, we have to talk about Coinbase, we have to talk about cold storage or you know, is it institutional, is it retail? You know, what are the exchanges, what are the ETFs, why are they investing in crypto? What does it mean if you're putting crypto into a Treasury? All of this stuff is happening right now kind of in real time and we're seeing all of these components also occurring. People are investing from a retail perspective, people are investing from a corporate perspective. There's institutional utility that's occurring. We just talked about with flare, we're talking about with Ripple. All that development is taking place, but without the, without the regulatory clarity. I mean, they're all these, it's amazing how fast all the, all of these, you know, things are going right now. I mean, it's, it's really my, I think Back to like 2017, 2018, when they introduced the Token Taxonomy act and Chip and I got a group of YouTubers together to make a video for Congress. And that was for Congressman Warren Davidson's office. So we put it together, sent it to them. They were going to use that as they went on an explanatory mission to get other congressional representatives on board with understanding why crypto was important to the community. And so that was kind of the objective of the video that we made for them on request. And so we put that together. I don't, I don't know that you know what kind of traction it had in, in convincing anybody. Maybe it did, maybe it didn't. But what we've seen from that point. So let's say 2018, 2019. It was probably 2019. Now fast forward. So we're like six years, seven years out, and we see how much dialogue there's been over cryptocurrencies, Bitcoin and others within the congressional representative space is, puts us on path. I mean, it's really setting the track that we're moving in a direction whether it's. Again, even, even as we kind of assessed when the Clarity act was rolled out, both Chip and I both said not, not going to happen until the next election cycle. We just had President Trump come in first year. A lot of momentum, A lot of great things happened through this first year. It's the second year that's going to be instrumental, especially when it comes to regulatory clarity. So I, I believe that, yeah, you know, that we're, we're going to see some amazing things yet to come. So not to keep belaboring that point, but it's, I think it's really important that we ho. That we hone in and, and understand this, the dynamic of it. All right, let's put this up. This is some more. Right, so this is new Institutional Rails are live via Hex Trust. This coming from Flare Network Mint and Redeem FXRP Stake FLR natively designed for custody and compliant first workflows. This is more Institutional XRP Phi Rails FXRP minting and FLR staking with Hex Trust. And let's see if there was any commentary on this. Not ads for glasses. I, I like what Andrew is saying here. So much news lately, it's hard to keep up. It really is. You know, it's, it's just like every day, every couple days there's something new that's being dropped. Some more information. And if we, if we look at Hex Trust, Hex Trust regulated institutional digital asset market service custody and staking for builders, investors and service providers, the leader in digital asset solutions. So this is pretty, you know, it's, it's good. This is really, really solid. Let's give them a follow. I realize I'm not, not following them there. All right, so next on the flare agenda, because we have a ton of stuff, I have a few other things to talk about on Flare this is just, this is really just all in the past week. So let's see here, what's this next one? Here we go. So, so this is FXRP is now live on Ethereum, bridged in seconds via Stargate Finance. Let's hover over Stargate Finance. Here's another one. Give these guys a follow. The best bridge in defy. This unlocks collateral use in money markets like morpho, access to deep Ethereum side liquidity, composable yield strategies across chain. XRP5 just went multi chain. This is, this is phenomenal, right? We don't see the same happening on other, on other platforms where they're looking at cross chain dynamic. The XRPL is built for crosschain and if you can tap into it. And that's what Flair had talked about right from the beginning. They had, right. And it's amazing to have the kind of the vision where all the others were looking to create silos for their chain. Flare is saying as they're building their company and solving the problem, which is utilizing smart contract but assessing how can we get the institution, how can we get within this financial infrastructure. You can't be siloed. You have to go cross chain and you have to be inclusive of the different assets. So boom, there you go, you know, now Ethereum, right? More yield strategies, more sustainable. Gotta do it, you gotta do it. You know, you can't be, you can't be silo focused. So let's look at one more and then I want to answer that last comment. Actually I got a couple more here. Matt. I, I just love this. It was funny as I was looking, I'm like, is there anything interesting from Ripple, anything on xrp, anything interesting on flare that we can dig into? And yes, there's a, a ton of interesting on flare. Look at this. And then it's also relevant back to the XRP guys. So here we go. FXRP on flare networks unlocks utility X. FXRP on Ethereum unlocks liquidity. So here we have utility liquidity as an ERC20FXRP or ERC20 token. FXRP can move through established Ethereum pools and Dapps, enabling cross chain yield strategies and broader collateral access. So how amazing is that? Now all those guys over there on the Ethereum, hey, guess what? Now you have access to Flare and the fxrp. Now you get some, some exposure to xrp. Here's the multi chain deployment. Multi chain capital deployment. It's changing the game. Flare's changing the game. Nobody else is changing the game right now but Flare is changing the game. This is what it's all about. You got to go cross chain. You have that cross chain dynamic. They're, they're, they're way, they're well ahead. So xrp, fxrp, multi chain capital deployment. This is the flywheel compounding. I, I love it. You know I, I really like to see, you know, how flare is moving with this. Okay, so FXRP and Ethereum Mainnet and what it means, man, it's, it's fantastic. What else are people saying here with this? Let's see, scroll down. The bridge between Flare and Ethereum is actually big. XRP getting liquidity on ETH changes everything. There's more movement of money on Ethereum than on xrp. On the XRPL that flow through xrpl, massive amounts of attention and focus on Ethereum because of all the ERC twenties. Think about the NFT space. The NFT space through Ethereum you can't even, you can't even compare where it's at. Obviously first mover advantage. But when we look at like XRP Cafe, the amount of, of transaction is minuscule in comparison to what's happening with Ethereum. The whole world is trading NFT mostly through Ethereum, right, Which you see, we see some through Solana and then through some with Bitcoin, but it's a real focus has been Ethereum. You've got to bridge it. You've got to find that path. We've got to give and, and, and have exposure given to the XRPL to all of those that are within the Ethereum space that have been utilizing ERC20 based tokens that are buying and selling and trading ERC20 based NFTs. This, this is, this is the dynamic real, real, real major has to happen. This, this is where the entire space starts moving forward instead of just kind of getting stagnant in you know, everyone's isolation and their isolated silos. All right, so let's move on. There's a couple more key articles here that I want to get into, but let me pull this over and then before I talk about this one, let me just go here. What is up everyone that's jumping in right now, make sure you guys give some, some comment which will be great. Like to see that. But poker Mope was saying what's crazy is all the good news yet the prices are still stacked. The entire market is, has dropped. Right? As much as people want to believe that somehow XRP or Ethereum or any of the other assets have somehow diverged and have separated from Bitcoin that's not the case. Right. Bitcoin rules the roost. Bitcoin moves dictate the movement of the rest of the market pretty much at large. You might see some small movements within, like, you know, maybe bitcoin's not having a big marginal change where XRP maybe went from a buck 18 back to a buck 50. Whatever it's at now, I'm not sure where it's at today. Bitcoin's way down, the market's trending way down. Someone was asking me, well, what was the causation, what was the factor that caused bitcoin to drop? I mean, there's some uncertainties on a, on a global scale about certain things that are happening. But let's go back to the typical speculative cycle of cryptocurrency in general. Bitcoin hit a high, hit a massive high of 125, was it 126, whatever that number was. And then it was sliding and it's been sliding every time. Bitcoin has hit a newsworthy major number, right? So even think back to that first big cycle and there might have been some before that, but think about that 2007, 2018 time when it hit 20,000 and slid back to 3. All right? But the hype of that, of the, of the news cycle hit 20 and then it was sliding back and people say, oh well, now it's done, right? Bitcoin's decimated and all the other assets decimated with it. Some of these assets like XRP still haven't realized their all time high again. Bitcoin's making all time highs. Ethereum made all time highs. Some of the other assets made all time highs. XRP still hasn't made all time highs. But lots of good news, lot of development. The space is still kind of in the toddler phase at large. If we look at where we're at cryptocurrency wise, you know, what are we, 12 years, you know, 13 years? Well, I guess we're a little more than that now, right? So let's go to, let's say 2010, so we're 2009. So I guess we're, we're making some, we're definitely making some, some big, big advancements here. I mean, we're, we're coming up, you know, on almost 20 years of, of bitcoin. Think about that. You know, we're 17 years, 16, 17 years into Bitcoin. So the 20 year mark can be very instrumental. But I think, you know, one of the, the points and this was brought up over here by Ducky McScrooge is the clarity act, right? Regulatory clarity. Let's put it that with the absence of regulatory clarity, a lot of the big development in the US Is still going to struggle to take place. So we need, you know, clear cut regulatory clarity to move the direction that we, we need to, that we want to and all of that. Joe Bud is saying only news that moves the price immediately is bat. Yeah. What always seems like good news crushes crypto, bad news, I don't know, seems to, to raise it. The ab. The Abstein thing definitely had a little bit of a mark because people thought somehow it was interconnected. That was all, you know, just made up. So they're like there were people saying that Epstein was Satoshi. I mean, just some nonsense. You know, are people, are people globally though? You know, we're in the, in the bigger, grander scheme of it. If we look at big flow of money, is anybody in other. Are people in other countries as focused on what happened with Epstein as we are in the United States? I mean, maybe in the UK because they have some royal family members that might, might have been involved with Epstein. But in other countries, other continent, are people as hyper focused on on Epstein as we are? Are people in, in Asia hyper focused on, on Epstein files? You know, as we see all the flows and of XRP and, and other assets in Korea, Japan, Singapore, throughout the Middle east, you know, are people really focused on on that? You know, I, I don't, I don't know that for a fact. You know, I think we'd have to take a look at that. But I think sometimes, you know, so the news media, there's also, you know, their objective of still trying to slow it down or destabilize the crypto space. There's a struggle that's going on. We can't forget about the power struggle. The geopolitical aspect of why the crypto market goes up and trends back down. Why aren't we getting clear cut regulatory clarity? Who's holding up the regulatory clarity? Which senators, which congressional representatives? What do they have to gain by making sure that we, they don't see regulatory clarity or that they stand in the way of regulatory clarity, like an Elizabeth Warren who is financed by the big banking infrastructure. But do the banks benefit from crypto? Maybe they're not ready infrastructurally, they're not ready to fully adopt. You know, so they need to slow it down. But at the same time there's individuals, players within it that don't want to relinquish their power. And they know crypto brings decentralization, brings more transparency. So they're afraid of that as well. So I think there's multiple layers to exactly, you know what, what has to happen. Obama's fixer had to quit because her uncle. Yeah, yeah. Emails, right. There's a lot going on with that. It's huge. There's a lot of big things definitely that have come out from that, the political echelon here in the US and it is probably on both sides of the aisle for sure. But the Democrats are up against some like I don't think they've ever seen before, the level of information, the amount of information that's finally coming out on, on election fraud. And we'll get into that here in a minute before we wrap up the hour. But let's try to stick to, let's try to stick to Flare. I want to keep going through flare. Now. This is big. This was a flare meetup. Soul Meetup 2026 this is coming up. Hasn't happened yet. This is going to take place March 8th. If you happen to be in Gangam in Seoul, you can meet up at the Albert Cafe. That whole area of Gangnam is really cool. Over in Seoul they have a cool mall over there. You can get the Gangham style statue. They have the hands, you can go take pictures with it. But that area, that mall, that's where that big library is. It's like a cafe kind of bookstore. But they have like floor to ceiling stacked with with books. Really, really cool place. If you find yourself over in Seoul, go visit that. There's a lot of other cool things to see in Seoul as well. But if you happen to be there March 8, go to Albert Cafe. Go check out the Flare meetup in Seoul, Korea. Flair is hosting a community meetup in Seoul. Come experience the xrp, Phi, FXRP and the latest updates from the Flare ecosystem in person. Now what is that gonna mean? Let's see. Introduction to the Flare Network, how to utilize flare and XRP fi defi community networking. $2,000 worth of flare giveaway event. That might be worth the flight over to Seoul on its own. $2,000 worth of FLR flare giveaway event buffet style finger food. Sure. It's going to be amazing. Probably amazing food over there too. Champagne, beer and beverages will be provided. Man, I'm liking this. I like this already. Flare T shirts, socks, merchandise, all sorts of great things. If you're going to attend, there's a link and make sure Their attendance will be confirmed after you are approved to go experience the defy expansion of XRP together with Flare. Man, this is exciting. This is truly, truly exciting to see that Flair is out there and they're, they're doing their meetups and they're investing some cash. So it's not just Ripple. You know, everyone's so focused on heavily Ripple centric because they were the ones throwing money around with their Ripple parties and all the other things that have been going on. So hang on. There we go. So that's. Now what is this? This also from Hugo Phylon. Flares Tech is. This is showing true development. Where, where are they to date? Right. Flares Tech is already bringing XRP to institutional capable Defi. Super impressive. They're talking the talk walking the walk. Flares Tech is or Flares Tech can help transform XRPL beyond a payments PA powerhouse into the preeminent tokenization platform through privacy and confidential compute. So that, that's it. You know, if the, if the primary focus has been on payments, then now let's look at how can we get to tokenization. Well, Flare is going to make it happen, right? So Hugo says, I see XRPL as the asset issuance layer and Flare as the compute layer. This is big. A lot of things getting ready to happen. Common Space had commented 2-11- flare network is the project. Flare Network is the project which will help take Ripple to a trillion dollar company. Man. We'll see, we'll see how that unfolds. But that's, that's great. People are still so hyperfocused on the. Yes. Today. Right now these guys aren't even developed yet, right. They're, they're in development, right. They, they, the Flare tech does do this. Yes. You know, it is a powerhouse. It can transform the XRPL beyond payments into the tokenization platform with privacy. Right. It, it can help do that. It's already bringing to, you know, XRP to institutional Cable. It's already doing all these things, but it's still not there yet. Right? It's still in development, it's still building, still growth. Everything's still new in crypto. But you. That's utility solving a problem, real solution focused on real world utility. That's it. You know and, and we're, and we're building and we're growing and things are, things are amazing, right? Really, really amazing. At least getting that way. It's not there yet. It's still speculative. Something can happen globally and all of a sudden crypto's done. I mean I, I don't see that that's going to be the case being the fact of everyone's involvement now on a global scale. Governments, institutions with Bitcoin and other crypto assets and they see it, they see, see the value plus the speed at which AI is developing that needs this onchain access to finance, to currency, to asset. AI is going to be very instrumental in all of these different elements as well as we get rid of a lot of the fat within these corporations which is unfortunately, you know, people, human employment. But that's also what bogs companies down or let's say bogs transactions down and makes transactions more costly. So here the king was saying when they finally take on crypto they will want yield unstable. That's it. They want all that they want. The, the banks definitely will want to find a path to get yield on stable coins. 100%. 100%. Yes. There you go. There's another one. Jim Debo is saying flare is a sleeping giant along with Hedera, the Hedera hashgraph. You know there's so much going on, right. And to see where to see all these tax. We got to stop just being hyper focused only on Ripple. Ripple is out building Ripple, right? They're building their institutional banking platform that is going to eventually not even, I don't even think it's going to use xrp. Bill built on the XRPL utilizing the RL USD. Most banks don't want to transact or use XRP but you give them a stable coin, of course they're going to want to transact over a stable coin. If it's efficient and easy, easy access, easy to use, maintains the peg to the US dollar up, you know, and that's it, that's, that's all they know, that's all they care about. It's like if I'm gonna put you know, a million dollar transaction through, you can't lose because there was a drop in the market today, right? You have a, a 5, 6, 7% pullback on the XRP and all of a sudden your transaction devalued, you know, or if as a flash crash on the XRP while they're in the middle of doing their transaction and they get caught up somehow in the flash crash. I, I think there was a lot of, you know, elements to that that we have to really consider with the RL USD with a stable coin assets. It just simplifies the banking side of it to get involved with the crypto assets. That's my opinion. I could be way off base. I could be wrong with that. I. But I, you know, I think that that seems to be the leverage. I know what you guys think. If you see that also kind of being within that. I see a. Cheers. What is that saying? That your future is shaped by the habits you repeat, not the goals you set. Oh, I like that. That's good. That's solid. That. That really makes a lot of sense. If you keep repeating the same stuff, you expect different outcomes. Not going to happen. Yes. Okay. Oh, man. I'm way past the bottom of the hour. I want to play this. I wrote. Wrote this song for the giveaway. This is for the badass YETI giveaway. We haven't even. Haven't even pulled up the. The giveaway tool. I wasn't sure if I was going to do it, but we might as well get this going. So. Let me see the stream yard giveaway. Shoot. I was down at the tiki bar at the beach today. What a beautiful day it was. We went down there probably around 4 o'. Clock. We're there for. Got there a little after four, probably like an hour and a half. Sitting at. At the beach, on the boardwalk, at our favorite tiki bar, having a couple beers. That was awesome. That place is. It's so amazing. All right, here we go. We get the giveaway live stream. All right. It's gonna be yeti, right? So you guys. You guys know what it is. You guys know we got five entrants already. Let's put the song on. Y E T I. You know, if you guys are new here, you've never done that before. Make sure you have your Zaman wallet ready too. Get that zombie wallet so we can easily transfer it over yeti. But I'm gonna play. Let me play the. Let me the song here. It's not. There's no video, just music. It's real fast. It's gonna be a fast song. Let me make sure this is the right one, though. Hang on a second. Okay, that's not it. Wait a minute. Where is the song? It did not upload. All right, give it a minute while I go through and confirm where the. Where it went. I saw it was too long of a song. Am I in the video? Oh, you know what? I'm trying to upload it into videos. That's what I did. I was trying to upload to video and actually add. To add the music. So this is called Ass Kickers Industry. I'll play it. It's processing right now. That's why it didn't process. Before. There it is. Okay, here we go. Let's play this song. Whoa.