Ripple Shocks Wall Street | XRP Futures Explode | Trump Fires Fed Governor

Summary

On The Chain – Ripple Shocks Wall Street | XRP Futures Explode | Trump Fires Fed Governor

Date: August 28, 2025
Hosts: Jeff & Chip
Podcast Focus: Blockchain & Digital Assets News (with a special focus on XRP)

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Episode Overview

In this high-energy episode, Jeff and Chip deliver a jam-packed rundown of major headlines shaking up the world of crypto and beyond: Ripple’s latest shockwaves on Wall Street, the explosion in XRP futures, and Donald Trump’s bold firing of a Federal Reserve governor. The hosts dig into Ripple’s latest products and integrations, the new Zodao voting system, memes and musical interludes, and a fiery segment on US and UK geopolitics. Listeners can expect a balance of humor, deep dives, and sharp commentary—plus a signature Badass Yeti NFT giveaway.

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Key Discussion Points & Insights

1. Community Shoutouts and Crypto Market Sentiment

[01:15–04:50]

• Audience engagement is strong with shoutouts to listeners worldwide, particularly in Michigan.
• Chip jokes about cutting his hair after three years—reflecting the show’s casual, community vibe.
• The crypto market is volatile but resilient; the total crypto market cap hovers around $3.8–$3.9 trillion.
• Notable: Ethereum’s rapid rise to $500B, cited faster than Apple or Bitcoin, though the hosts question the specifics.

“Three plus years, man. It’s time to… My wife is going to be super… so happy.” — Chip [02:34]

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2. Zodao Launch and On-Chain Governance Explained

[04:56–11:54]

• Zodao, a new DAO for the XRP community, is launching soon.
• Voting mechanics: 1 XRP = 1 vote, but with a 0.1% cap to prevent “whale” domination.
• NFT membership required ($10 in XRP, one-time).
• Voting power snapshot is taken before proposals, enhancing fairness.
• The hosts emphasize that your XRP stays in your own wallet; the DAO never takes custody.
• Chip discloses he’s a marketing advisor for Zodao; he produced the explanatory video using AI and voice modulation.

“The cap helps prevent any single large holder from having too much control, creating a more balanced and equitable voting process.” — Zodao AI Video [07:28]

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3. Crypto Market Analysis, News & Institutional Moves

[12:08–18:13]

• Market cycles: Hosts are optimistic for Q4, expecting Bitcoin and ETF-driven surges.
• Ripple announces US Dollar stablecoin (RLUSD) is live on Ethereum’s Aave Horizon platform, giving new collateral opportunities.
• $2.4B worth of Bitcoin sold, followed by a similar Ethereum buy, reflecting institutional shuffling.
• Hosts discuss Chris Larsen (Ripple) joining chef José Andrés at Ripple’s Swell event—connecting innovation with humanitarian impact.
• Masari report highlights: XRPL’s EVM sidechain launches, smart contract updates, and strong institutional compliance focus. XRP market cap rose 8.5% (to $132B), RLUSD on XRPL up 154%.

“It’s a pretty sizable report here… circulating market cap in Q2 is 26.5 billion, and in Q3… 34 billion… Q4 was 119… Q2, 132 billion. So you see that it’s driving up.” — Chip [16:13]

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4. Derivatives Boom: XRP and Solana Futures Explode on CME

[18:41–20:12]

• CME Group’s crypto futures reach $30B in open interest.
• XRP sets a record as the fastest futures contract ever to $1B open interest, hitting the mark in just over three months.
• Ripple joins Series B backing for TazaPay, a payments company targeting B2B cross-border commerce in Asia and beyond.
• Dialog about the growing institutional infrastructure around digital assets globally.

“With XRP being the fastest ever contract to do so, hitting the mark in just over three months. Pure fire emoji right there, Jeff.” — Chip [19:13]

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5. US Regulatory Landscape

[22:17–24:23]

• CFTC chair Carolyn Pham touts upgraded market surveillance tech via NASDAQ.
• Critique of “Crypto Mom’s” priorities (“focus on your mission statement!”).
• The hosts opine on advancements in regulation vs. distractions and political posturing.

“I like what she’s doing over there, right? Making advancement. Meanwhile, crypto mom is over there… focus on your mission statement!” — Chip [23:13]

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6. Geopolitics & Federal Reserve Shake-up

[27:10–36:40]

Trump's Firing of Fed Governor Lisa Cook

• Trump fires Fed Governor Lisa Cook, triggering major panic in UK financial media.
• British papers warn of “threats to democracy” and attack Trump's challenge to central bank independence.
• Susan Kokinda (Promethean Action) frames Trump’s actions as anti-elite and worker-centered; highlights the “Hamiltonian” principle (national wealth lies with workers/producers).
• Fox Business's James Fishback details his eviction from a financial conference after questioning Lisa Cook on mortgage fraud allegations.

“You’re supposed to believe that unelected bankers making decisions behind closed doors are the key to our democracy… Trump’s challenge to the Fed is… an assault on London’s premier economic weapon: the central banking system.” — Susan Kokinda [27:17]

“If you question [the Fed]… they will punish you. That is wrong and that is un-American.” — James Fishback [34:57]

• Markets don’t collapse—contrary to predictions—after Cook’s firing.

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7. Blockchain Enters Government: US Commerce Blockchain Data Pilot

[40:39–41:25]

• Department of Commerce to start publishing stats (including GDP) on blockchain for data security and transparency.
• Prototype to launch on Ethereum, with plans for broader government adoption.

“We are going to put out GDP on the blockchain so people can use the blockchain for data distribution.” — Speaker [41:00]

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8. Immigration, Religion & Western Identity: Candid Takes

[42:10–44:41]

• Viral clip contrasts Christian and Islamic values in relation to immigration and integration.
• Host commentary stresses gratitude for host countries and warns of dangers from anti-Western attitudes among immigrants.
• Advocates for loving and contributing to one’s adopted country.

“That’s the thing… If you’re going to migrate to a country, you better love your country, bless your country, and wave the American flag…” — Immigrant Speaker [44:07]

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9. End the Fed Movement & Internet Culture

[47:07–48:39]

• “End the Fed” meme campaign trends online, stirring popular discussion about central banking.
• Chip and Jeff share and riff on memes (e.g., Ron Paul at Cracker Barrel, Monopoly Man fire).
• Critique the Federal Reserve’s role in inflation, housing affordability, and economic cycles.

“The Central Reserve system and fractional reserve banking are a hidden tax… allow the government to depreciate the value of our money…” — Chip [48:09]

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10. UK and European Geopolitics: “Raise the Colors”

[48:49–52:47]

• British pride movement trends: “Raise the Colors” campaign celebrates St. George’s flag.
• Parody video shows British local governments acting quickly only to remove items with the England flag, satirizing cultural tensions.
• Florida uses truck way stations as new immigration checkpoints.

“Today, Florida’s attorney general is going to announce that all the trucking way stations… will now serve as immigration checkpoints.” — News Byte [53:01]

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11. Community, Culture, and the Yeti NFT Giveaway

[24:43; throughout; drawing at 59:03]

• High-energy “Yeti Rapper” musical interludes celebrate show culture.
• Hosts discuss the perks and quirks of their Badass Yeti NFT series, culminating in a live drawing.
• Lighthearted banter over NFT names (“Manogram—not Mammogram!”) and contest logistics.

“Clap your hands, everybody, if you’re feeling this vibe—we live on the chain…” — Yeti Rapper [37:23; 57:26]

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Notable Quotes & Memorable Moments

| Timestamp | Quote | Speaker | |-----------|-------|---------| | 02:34 | “Three plus years, man. It’s time to… My wife is going to be super… so happy.” | Chip | | 07:28 | “The cap helps prevent any single large holder from having too much control, creating a more balanced and equitable voting process.” | Zodao AI | | 13:36 | “Ripple’s USD is a crucial piece of Aave’s Horizon platform, allowing tokenized products to be used for collateral…” | Chip | | 19:13 | “XRP being the fastest ever contract to do so, hitting the mark in just over three months. Pure fire emoji right there…” | Chip | | 27:17 | “Trump’s challenge to the Fed is… an assault on London’s premier economic weapon: the central banking system.” | Susan Kokinda | | 34:57 | “If you question [the Fed]… they will punish you. That is wrong and that is un-American.” | James Fishback | | 41:00 | “We are going to put out GDP on the blockchain so people can use the blockchain for data distribution.” | Speaker | | 44:07 | “If you’re going to migrate to a country, you better love your country, bless your country, and wave the American flag…” | Immigrant Speaker | | 57:26 | “Clap your hands, everybody, if you’re feeling this vibe—we live on the chain…” | Yeti Rapper |

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Timestamps for Major Segments

• 00:02–04:50: Opening banter, community shoutouts, crypto market mood
• 04:56–11:54: Zodao voting system breakdown & NFT membership details
• 12:08–18:13: Market analysis, Ripple's RLUSD, institutional flows
• 18:41–22:12: XRP/crypto futures, TazaPay funding, venture capital chatter
• 22:17–24:23: CFTC/NASDAQ regulation tech, US regulatory perspectives
• 27:10–36:40: Trump’s Fed shakeup—clips, analysis, and constitutional wrangling
• 40:39–41:25: US Commerce blockchain pilot announced
• 42:10–44:41: Immigration values debate, Western identity
• 47:07–48:39: ‘End the Fed’ memes, internet activism
• 48:49–52:47: UK “Raise the Colors,” satire of bureaucracy
• 53:01–53:10: Florida immigration checkpoints
• 24:43, 37:23, 57:26: Yetis, music, and community NFT giveaway

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Episode Tone & Style

The hosts blend irreverent humor with savvy market insights. The show is community-driven and unapologetically opinionated. Mainstream news is dissected with skepticism, and listeners are encouraged to question narratives and “stay presentable” for the crypto revolution.

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Summary for New Listeners

If you want a finger on the pulse of XRP, crypto news, on-chain governance, and the intersection of blockchain and geopolitics, this episode delivers. You’ll get industry data, regulatory updates, and sharp contrarian views—all while enjoying creative music, live contests, and the kind of audience interaction that keeps the community coming back.

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For next time:

• Follow @on_the_chain on X (Twitter)
• Check out the Badass Yeti NFT series
• Engage live for a chance to win and join the community banter

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, in the crypto world, you know who you are. I see you out there. Ripple shocking. Wall Street XRP futures explode and Trump actually fired a Fed governor. What is up with that? A lot of things happening that we have to dig into. A lot of interesting news, a lot of exciting news because you don't want to miss this. Ripple is rewriting finance. Global finance shaken up and the Fed going down in flames. Geofa geopolitics completely on fire. And Florida way stations are becoming immigration checkpoints. But you know what, that's not so bad. That's actually pretty good uk. Lots of chaos over there. Censorship, corruption, all sorts of things like that. And Elon Musk is getting ready to bankroll some of the biggest legal battles over in the uk. That's right. You heard it here first and someplace else probably all over the news. But we're going to talk about it, we're going to workshop. You've never heard it like you've heard it here.

[Chip]

Yeah, I love the way you said that. Let's go. Welcome to on the Chain. Welcome everybody to on the Chain. Look at Laurel. She says, hey, I'm on vacation in the Dominican Republic. The doctor, as they call it, and I'm still here to enjoy the show. Well, I appreciate that. I'm glad you're on vacation, enjoying yourself. Cecy says, what's up? And then Chad coming in from celebration. Rocket red countdown liftoff. Right, looks like things are heating up with the crypto news.

[Jeff]

Look at that. Jay Turner in Michigan. There's so many people in Michigan. You know, if everyone to just give a quick shout out who is here from Michigan. I'd like to know how many people are tuning in right this moment, at this exact moment from Michigan. I already see a couple that are tuning in. We got people from all over the world. We got Northville. I know. We've got Rochester body checks in all sorts of places.

[Chip]

Did win, Joe, man.

[Jeff]

All sorts of places.

[Chip]

We rigged different.

[Jeff]

It's already rigged before for one conjoined.

[Chip]

That's Yeti. Yeti rigged is yigged. Well, Jeff, I got big news.

[Jeff]

Yes.

[Chip]

It's the last time you'll see this hair. It's getting cut it off. I'm shaving my head. I'm not shaving it, but I'm cutting it all off again.

[Jeff]

He's cutting his hair.

[Chip]

Three, three plus years, man. It's Time to. And my wife is going to be super. So happy.

[Jeff]

My God, three plus years.

[Chip]

When I wrote down, she's always like, Jason, homeless guy. Why? Why do you do that? Just be presentable.

[Jeff]

Looking for.

[Chip]

Be presentable. She says Michigan, you got to be a little bit more. You got to be a little bit more specific. Are you in the Ypsilanti area? Where are you? Are you in the. Are you down in. Down in Detroit? Where are you, man?

[Jeff]

Detroit.

[Chip]

Should do it live on a show. Sure. I'll get a cut. I'll get a cut live on the show. Sure. Someone clip clips. They're doing it now. It's time.

[Jeff]

Muskegon.

[Chip]

It's been growing for three years. Muskegon. Okay. Muskegon.

[Jeff]

Yeah, yeah, yeah.

[Chip]

Funny. The total market is red, but. Drum roll please. Still 3.9 average. 3.889 trillion to 3.809 trillion. Yeah. It's kind of funny how it's preserved. And I also saw something today that Ethereum was the fastest of 500 billion. Faster than Apple and faster than anybody else. But they had Bitcoin in 12 years. But theorem. Last time I checked it. Didn't they come out in 2015? It's 10 years ago. So I'm not sure where this whole stats coming from, but it seems a little bit weird. Do it for charity. Don't buzz it. Get a cool wildcat first. Sure. I'll get a hair. I'll get a big old, you know, what do you call it? What are those called? Those mohawks. Get a mohawk. I'm gonna get it like Jim D. I'm gonna. I'm gonna cut it to Jim D's length. Which means I'm not getting a haircut. Oh, no. Jim. Jim D's a rocker, man.

[Jeff]

That's right.

[Chip]

Jim D's a rock and roller, dude. He's a rock.

[Jeff]

Right here. Chip, you should have made a bet. It's not too late. Make a bet that if you lose, you'll cut your hair.

[Chip]

Well, Friday we'd have to. We'd have to rig something there because we believe we agree on everything. That's the problem. That's the. Yeah. It's time, man.

[Jeff]

Tom's army.

[Chip]

Michigan. Michigan.

[Jeff]

Me Chicken. Michigan.

[Chip]

Jim D. Jim in the building says karma calling them out. Jim D, where are you coming in from the jazz club tonight? We don't know where you're coming in from. Somewhere cool? We don't know. Somewhere good.

[Jeff]

Somewhere that's all rigged at the bottom of the hour yet.

[Chip]

Not yet. We're Getting. We're getting there. Another 10 minutes, we'll be there. So here we go. I want to talk a little bit about the Zodao. Zodao's gonna be launching pretty soon. A lot of people have been asking, like how the, how the voting works and if you guys don't know what TLDR means.

[Jeff]

Nope.

[Chip]

It means too long. Didn't read. So one XRP equals one vote. More XRP equals more voting power. So a snapshot is taken to your wallet and taken before a proposal goes live. Jeff, we already know the proposal you're gonna write. Don't give it away. But we already know that Jeff's gonna be. And I told him it's common. Jeff's writing it. To be eligible for a vote, you must hold a membership NFT in your wallet. The one time fee is $10 and you pay it in XRP. And this is a lot easier if you just put the video on. Let's just put the damn video on. We just sit back and enjoy.

[Jeff]

Just sit back and relax.

[Chip]

Sit back and relax. So here it is. Here it all is. Break it all down. I'll answer any questions you guys have after this. Here we go.

[Zodao Voting Explanation AI]

How does voting work in Zodao? Voting in Zodao is based on the amount of XRP you hold. To ensure fairness and accuracy, we take a snapshot of your wallet balance the day before a proposal goes live. This ensures your voting power reflects your actual XRP holdings at that moment. Since balances can often change to gain more voting power, you need to hold more xrp. Because only one proposal can be voted on per day, there are no conflicts with wallet balances or voting totals. To participate in voting, your wallet must be verified with the membership NFT on the XRP ledger issued after a one time payment of the equivalent of $10 in XRP, your voting power equals your average XRP. One XRP equals one vote. Each wallet holding a membership NFT can vote based on the XRP it holds, but voting is capped. The current cap is 0.1% of the total eligible XRP and it may be changed in the future by voter approval. It is important to note that the DAO never holds your xrp. Your XRP always stays in your own wallet. Now imagine 200 members, each holding anywhere from one XRP to 1 million X.

[Chip]

Okay, so Chad brings up a very good point. You just had it on screen there. Where was it?

[Jeff]

It was kind of answered. That's why I was throwing it up.

[Chip]

Yeah.

[Jeff]

Rewind.

[Chip]

Yeah, it's kind of Answered, well, it is, but now you're going to get like a real world example of it. So, yeah, that's always what people are saying, what about the whale? So here it is. So you'll hear a little bit about it right here. What's up, jungle going on, my Zodao comrades?

[Zodao Voting Explanation AI]

Anywhere from 1 XRP to 1. Now imagine 200 members each holding anywhere from 1 XRP to 1,000,000 XRP together. All verified wallets hold 111,942,749 XRP. Without a cap, that would mean the same. Same number of votes. 111,942,749. But with the 0.1% cap, no single wallet can use more than 111,942 votes, 0.1% of the total. After applying this cap to the largest wallets, the overall voting power is reduced to 21,822,575 vote. The cap helps prevent any single large holder from having too much control, creating a more balanced and equitable voting process for the community. This ensures that decisions are guided by the collective will of the members, keeping Zao truly decentralized and community driven.

[Chip]

So you guys did good at Zao IO Zaodao IO Jungle. I don't know if you heard, but the hair is coming off. I don't think he heard to be caught the beginning of the show, but it's going bye bye, man. After three plus years growing this, man, just growing this main. There it is right there. Go to Zao Dao. Zao. Isn't that fun to say, Jeff? Zao Dao.

[Jeff]

Zao Dao.

[Chip]

Yeah, there you go right there. Zodao, go ahead and put your email in here. Get on the waiting list right there. And also I want you guys to go follow the Zao Dao, which I'll throw that up there right now.

[Jeff]

Zao Dao.

[Chip]

I'll go ahead and throw that up. You guys go follow Zodao if you're not some good stuff being disseminated on that account. But go click that link, jump out there and give it a follow. That's what we want. That's what we like. Oh, there we have it. Yep. You need haircut too. Yeah, your hair's not that long. Last video I saw, it wasn't that bad. It's not this long, dude. It's not. It's not this crazy long. But I'm just glad I still have hair, dude. I mean, yeah, so many people my age that even have hair. So I'm pretty happy about that. Right, Jeff?

[Jeff]

Right.

[Chip]

Right, Jeff.

[Jeff]

That's true.

[Chip]

Right. But you have hair. You just. You just shave it.

[Jeff]

Let's look at that. It's perfectly shaven, man.

[Chip]

Do you shave it every morning?

[Jeff]

Because it always looks every day.

[Chip]

Do you. Do you have one of those. Every morning, one of those head shavers where you. I do that thing?

[Jeff]

No, I got. It's an electric one.

[Chip]

Oh, it is electric. Who makes it? Is it a Braun?

[Jeff]

It's made by.

[Chip]

But it's made for. For heads, right? For Shivi heads.

[Jeff]

Yeah. Yeah.

[Chip]

Necessarily.

[Jeff]

It's called Pitbull or something like that. I forget what it's called.

[Chip]

Pitbull.

[Jeff]

Really? It's very good.

[Chip]

Joe Buddy finally has a super mullet. Joe, Buddy had a comment. Here's what he said, Chip, have your hairstyle match your new album, music album for your promos, bio, etc. Get a wild haircut for the photo. Then cut it more to your wife's liking. Happy wife, happy life. Now that's funny that there's this. I said that one time to somebody, happy wife, happy life. And they said, that's a one way street. I like a two way street. Happy house, happy spouse, happy spouse, happy house. That's a two way street. I was like, yeah, that's nice, dude. But it comes down to happy wife, happy life. Right, Jeff? Am I right?

[Jeff]

I think so, yeah.

[Chip]

Happy hospital's happy house. Yeah. You know, we all know how that works. Karma knows how that works. He knows how that works. He knows how it works.

[Jeff]

So unleash the karma.

[Chip]

This your jam. Jungle.

[Jeff]

Bruce Wyatt just reached all time high and I'll be happy. There you go.

[Chip]

Yeah. By the way, I just want to drop that. I am. I just want to be transparent. I am a marketing advisor for the Zao wanted to be transparent. And I did create the video and I did create it with my voice. And then I used the voice changer to do.

[Jeff]

Sounded just like you, Chip.

[Chip]

And then I used the voice changer in AI. That's what was fantastic about, was a woman's voice. I got the read exactly the way I wanted it because I couldn't achieve it with just text. Text the voice. So I did the read and then I just changed it to the female voice.

[Jeff]

That's nice. I like it. Well, that's it. That's exactly what I was saying. He's just. He's no longer going to be the. The hippie freak.

[Chip]

Right.

[Jeff]

And I said, you're. You're growing up. I'm gonna be all grown up on Friday.

[Chip]

I'm like good. At my age, it's pretty good. Don't worry. My wife's the happiest of all. She's. She's tolerated if I can tell you that. So let's jump around a little bit.

[Jeff]

Let's talk a little bit about.

[Chip]

Let's jump in here.

[Jeff]

Everyone's freezing out. Freaking out about the market. How you guys feeling? I think everything's looking good.

[Chip]

I think so.

[Jeff]

Market's kind of in a. If you cycle right now, cyclical.

[Chip]

But I don't even really worry about it too much. You know, it's just.

[Jeff]

Have we worried about a chip? Oh my God. Where would we have been the past few years?

[Chip]

I mean like it's. I mean we've been through this long enough time. I mean really? Bitcoin getting. What is it? 126. It hit 127. And then coming down to what? I don't even check last time. 114. Who knows? Whatever it is, it's like bitcoin's driving the market right now. You know, a lot of people are selling.

[Jeff]

True.

[Chip]

So whatever people are taking then you have that giant whale. How much was it? $2 billion. He sold some crazy amount of massive number.

[Jeff]

Massive number.

[Chip]

That's insane to be was selling that much. How heavy? I think October, November gonna rock. I think so too. I think we're gonna get there. It's probably gonna do that.

[Jeff]

Just wait.

[Chip]

Yeah, I think we're gonna get there, man. I think that's right. I think that's the way to look at it.

[Jeff]

It's all about the etf. Gotta wait for the etf. Once ETF hits, that's going to be a big part of it and bitcoin. So bitcoin has to move also.

[Chip]

This is a little bit surprising to see this. So Ripple put out a post on accent enabling a new era of efficiency for Onshine finance. Ripple's USD is a crucial piece of Ave's Horizon platform allowing tokenized products to be used for collateral and flow more efficiently across markets. I'll play this.

[Jeff]

Let's play the video.

[Chip]

Just imagine some cool music but break free from trade fight hours access liquidity 24. Seven horizons the new market for real world assets you can borrow against everything. Superstate centrifuge more coming soon GHO Ripple USD and USDC earned yield from institutional borrowers now live on Ethereum Ave Horizon. Interesting. But it's like one of those things you just never missed something if you thought they Were gonna say like, well they're gonna be, you know, Ripple's gonna be putting down a post about aave. But this is what it is, the whole idea.

[Jeff]

Oh, because R.O. uSD.

[Chip]

Yeah, it's R.L. uSD. It's live on. You know, it's gonna get a lot of play at Ethereum, man. I mean you can't be a one trick pony. So it's. You can't be a. Here's a jungle saying it was a. So a 2.4 billion sell for Bitcoin, but a 2.4 billion buy for ETH. Polish for auth coins. Yeah.

[Jeff]

Yeah. That was big.

[Chip]

I wonder if it was. If somebody, if they bought. I wonder if they sold Bitcoin just to buy into Ethereum. I don't know how that works, but something along those lines, Jeff.

[Jeff]

They went straight from Bitcoin to Ethereum.

[Chip]

It sounds like theory was great. This was also another surprise too. Now I'm going to be going as well. Super excited. I've applied every year. This is the first year I've got to go and I'm going to be excited because I'm going to meet, get to meet because Cynthia Velez, one of the co founders of the Zaodao along with Fabio Marzella. I'll get to see Fabio again, obviously. Jeff, you and I hung out with him in Australia last year.

[Jeff]

Yes, we did.

[Chip]

But innovation meets impact. Chef, restaurateur and humanitarian Jose Andres will join Ripple co founder Chris Larson on on the keynote stage at Swell.

[Jeff]

Wow.

[Chip]

There he is right there. Boom.

[Jeff]

Nice. Restaurateur.

[Chip]

Yeah, just some of the best restaurants out there. And then this Masari who has a love hate relationship with XRP but state of the XRP ledger Q2 the key update was the XRPL launched EVM sidechain, introduced token escrows paving the way for native smart contracts while maintaining its focus on institutional adoption and compliance. Quarter over quarter metrics. You've got XRP market cap up 8.5%, 132 billion. Got the real world asset market cap up 13, 131 million. And then you got the RL USD market cap on XRPL up 154% to 65 million. And that thing is climbing. So that's big.

[Jeff]

It's a big report.

[Chip]

Jeff. I was pretty impressed with this. It's a pretty sizable report here. You know that they. A lot of that was some of the main things were covered in there but they just give like a background on the xrpl. They start showing you the key Metrics, you know, from the financial network and the whole ecosystem in itself. A lot of crazy metrics here going on financial analysis, the Financial overview. So circulating market cap in Q2 is 26.5 billion and 20 in Q3 it was 34 billion of 2024. That is in 2024. Q4 was 119. So check this out. You can see like the market cap, obviously we had a nice hit last November. And then Q1,121 billion. And then Q2,132 billion. So you see there's a trend. 26, 34, 119, 121, 132. It was Q2. So you can see that it's driving up. That's the circulating market cap. The supply on the other hand is about the same obviously for obvious reasons. But then you've got the transaction fees in there that's slowly been rising from 137 in Q2 of 24 all the way to 100 680,000 in Q2. So that's pretty big too. See what else we have here, what else we have XRP market cap. Yeah, the market cap increased 8 and a half percent, quarter over quarter to 132 billion. So you can see it right here on the chart. Beautiful. Great to see that. The green one is the transaction fees and then the blue one is a circulating market cap. Look at that. Bam. With that spike right there. And network analysis. It's a big report. We're not going to go through the whole thing but anyway it's a lot of data to crunch here. Jeff. Look at all this. I like the graph stuff to get into the decks, amm, everything, ecosystem.

[Jeff]

Wow.

[Chip]

It's, it's a big ass report.

[Jeff]

That's a deep dive right there.

[Chip]

Huge.

[Jeff]

So Jose, Jose Andre is a mass. He's massive worldwide. He would get famous chefs to feed people in need worldwide. Kind of like Doctors Without Borders, but for feeding people. That's what Joe Buddy was saying during the crises.

[Chip]

And that's probably one of the reasons that, that you'll see, you know, Chris talking to him on stage because humanitarian effort too, but also very, you know, some great, great restaurateur as well.

[Jeff]

Right.

[Chip]

So there's a lot of good stuff going on there. Then we've got this, the CME Group, which is massive in itself. It says our crypto futures suite just surpassed 30 billion in national open or notional open market interest for the first time ever. Boom. Emoji our Solana and XRP futures along with ETH options each crossed 1 billion in OI with. I don't even know what I. What is OI? You know what OI is?

[Jeff]

I do not know.

[Chip]

Operating something I don't know. With XRP being the fastest ever contract to do so hitting the mark in just over three months. Let me say that again. From Solana to XRP Futures along with Ethereum Options, each of them crossed 1 billion. But XRP was open interest. Open interest. Okay. 100 billion in open interest. With XRP being the fastest ever contract to do so hitting the mark in just over three months. Pure fire emoji right there, Jeff. This is a sign of market maturity with the new capital entering the market. And Jeff, you just talked about it. It's so funny. Right on. Right on cue. There it is. So there is all the stuff you can read up on it. There it is. Span your choices. So very cool. Groovy stuff, Jeff. And then Ripple, I saw reposted this Taza play. We closed our Series B funding round backed by Ripple Circle, Peak XV Partners, North Junction Capital and GMO Venture Partners. With continued support from January Capital and Ark.

[Jeff]

Who is TazaPay? What do they do?

[Chip]

Is Jeff is arc. Is that part of. What's her name's the ARC Fund? Do you think. You think it's like a arc?

[Jeff]

That's a good question.

[Chip]

I don't know.

[Jeff]

Somebody else.

[Chip]

180.

[Jeff]

Okay.

[Chip]

But there it is right there.

[Jeff]

So arc 180 is a VC.

[Chip]

Yeah, I know. I wonder if they're run by Kathy. What's her name? Kathy.

[Jeff]

Kathy Bates. Incorrect.

[Chip]

Jeff. Incorrect. You got the buzzer on that one. No, it's not right. Open interest. There it is. Appreciate that.

[Jeff]

You can put your pitch deck. You can pitch them. They have a pretty big portfolio. It doesn't really connect anybody. India. India and San Francisco. It is not.

[Chip]

I thought it might have been a.

[Jeff]

Cathie woods bamboo box Covalent Biz Tazipe Cloud Chef Lumbar.

[Chip]

Kathy Wood. That's. I couldn't think of the second part of that.

[Jeff]

Rephrase. Spiny spine. There's all most. It's. It's SAS and a lot of commerce. Cross border commerce.

[Chip]

There it is. There's Taza Pay's website right here. Gateway to growth in Asia. The world pays here. Yeah, his payment channel.

[Jeff]

It's funny that a lot of Indian.

[Chip]

Invested in a lot of the same company. Yeah, there you go. Middle East, Latin America. So the world pays here. Africa.

[Jeff]

Gateway to growth. And everywhere but here.

[Chip]

Empowering your global ambitions across industries. Cross borders.

[Jeff]

That's good. I like that. If you can do some B2B, you know, payment infrastructure.

[Chip]

PayPal's also.

[Jeff]

PayPal wants to be part of it.

[Chip]

Look at that is huge capital. These are all massive vc.

[Jeff]

Those are big names.

[Chip]

Big names. So I got another ripple's in there as well. So they got a piece of it.

[Jeff]

Yes.

[Chip]

Sorry, I didn't mean to do that. Let me get rid of that video.

[Jeff]

Wood, Wood, Wood.

[Chip]

Kathy Wood. Yeah. Here we go. Carolyn Pham, she's the, she's the acting chair of the cftc. She said I, I said I'd modernize and transform the CFTC to ensure market integrity over both trade finance, crypto. I'm proud to announce we delivered this with a NASDAQ's advanced market surveillance technology used by over 20 international regulators and 50 exchanges worldwide. There you go. The CFTC. That's on the NASDAQ, by the way, Jeff, I went to a party there at Nasdaq. It was actually a hub with Zillow and I went to a Zillow party there.

[Jeff]

Looks like it'd be fun.

[Chip]

That's a lot of fun to be in there. Dude. It's like that place really cool. It's really cool to have a party and people walk around with hors d' oeuvres and it's all dressed up in a suit. I love that short hair. They wouldn't let the, they want to let along.

[Jeff]

They wouldn't let Current ship in.

[Chip]

They wouldn't let the guy.

[Jeff]

They'll let Friday chip in.

[Chip]

I'm gonna be so presentable, you won't even recognize me. Jeff. It's gonna be unbelievable. It's gonna be, it's gonna present.

[Jeff]

Gonna wear a button down shirt with a tie every day.

[Chip]

It's gonna be insane, right? I'll be dressed up in a blazer and blazer and. Yeah, and she said she'd do this in March, which is. Yeah, let's not go that far. It's not, let's not get crazy. As our markets continue to evolve and integrate new tech, it's critical that CFTC stays ahead of the curve. Let's see. I like what she's doing over there, right? Making advancement. Meanwhile, crypto mom is over there. Like we're gonna be in San Diego. Does anybody want to come and say hello? Crypto projects. I'm like, look, just. Why don't you focus on what you're. They know, focus on your mission statement. I have to pop in there and tell it. Look, this is your mission statement. Let me remind you this is what you should be doing, not meeting with crypto projects. None of this garbage. What's wrong with you and a?

[Jeff]

No one's traveling to California, so, no, forget about that.

[Chip]

Well, before we go to geopolitics, we got six minutes.

[Jeff]

Oh, we shift in geopolitics.

[Chip]

We are.

[Jeff]

Okay, so we're doing it early.

[Chip]

We're through the crypto stuff.

[Jeff]

Oh, that's it. Oh, this is appropriate. Here we go. Let me play this.

[Chip]

Come on.

[Jeff]

This is brand new. No one's ever heard this before or watched this before.

[Chip]

Every single time. It's brand new. Another banger. Another.

[Jeff]

Well, this is completely brand new because it doesn't have anything to do with Yetis.

[Chip]

Oh, I thought this was.

[Jeff]

Yetis will come at the bottom of that one. Oh, this is the other one.

[Chip]

Oh, gosh. Okay, this one's good. All right, here we go. All right, let's go.

[Yeti Rapper]

Ladies and gentlemen, this ain't polite talk this is the rest if you came for fanboys, hype and FOMO Wrong door, wrong stream that's a no go Chip's got fired, Jeff's got stats Dropping bombs hotter than a fed collapse no rug pulls, no rig rules no fake drawings or airdrop bulls Crypto politics ARC has a blend fueled by yet his coffee trapped to the edges.

[Jeff]

No filters or.

[Yeti Rapper]

No fear they don't hold back viewers and listeners Buckle up tight ship and Jeff going off tonight Obsidian mold in the ivy line the ranch is live every single time Obsidian mold in the ivy line the ranch is live every single time Obsidian bald in the ivy line the ranch is live every single time Obsidian bald in the ivy line the rest is live every single time Obsidian falls in the ivy.

[Chip]

Damn, Jeff, that was. That was fantastic. And by the way, just they brought up the whole obsidian bowl. There it is. Badass Yeti's coffee. There it is right there. That is it. Depsi. Acidity and bold. That's what we like to talk about. Obsidian bold whole bean coffee. You order it, it gets roasted, and it gets sent out the very next day. You've probably never had fresh roasted coffee, so there you go. Oh, it's 24.99. We do have cool coupons.

[Jeff]

Get it while it lasts.

[Chip]

But again, it's roasted to order, people. That's why it's so fantastic.

[Jeff]

And bring it.

[Chip]

So I will drop that in there, guys, so you can go ahead and board yourself a bag.

[Jeff]

Jim D. Is out of yeti. Yeti prison.

[Chip]

Give me, give me. If you wouldn't that be funny If a Jim wins today. Jim D. That'd be fantastic. Jim. Duc.

[Jeff]

Effing Yetis.

[Chip]

Effing Yeti's baby. The Yetis. Okay, so let's go. What are we doing here? Let's go ahead.

[Jeff]

And you haven't heard anything. Thanks for waking up. The campsite in Spain. Wait till the next one. Make sure you have it on. On 10.

[Chip]

Yeah, you might, you might want to just curtail it a little bit. There's a possibility there that you want to.

[Jeff]

Oh, did I not got it. Got his zono speaker.

[Chip]

This one's a little long, Jeff. I think it's very. It was one of the better things that I've seen about the Federal Reserve. So here, let's watch this. This is good.

[Susan Kokinda]

Trump just fired Federal Reserve Governor Lisa Cook and the British press has lost it. Their headlines range from angst over the threat to the independence of the Fed to please that we should pray for the markets. Their articles warn that this undermines the foundations of democracy and prove that Trump is an authoritarian. This, of course, all stems from the fact that you're supposed to believe that unelected bankers making decisions behind closed doors are the key to our democracy and economic stability. But Donald Trump's challenge to the Fed is the opposite from an attack on democracy. It's an assault on London's premier economic weapon, the central banking system. And yesterday's extraordinary Cabinet meeting made clear he is establishing something new, the Hamiltonian principle that the wealth of a nation lies in its workers and producers. Listen to how he opened the Cabinet meeting.

[Chip]

I want to thank you all for being here as we prepare to celebrate Labor Day, when we honor the incredible hardworking men and women of our country, which is doing very well. I have to tell you, every policy of the Trump administration is designed to lift up the American worker, promote great paying blue collar jobs, adjusted to rebuild.

[Jeff]

The industrial bedrock of our nation.

[Susan Kokinda]

Now, the content of that Cabinet meeting is as much of a threat to the empire as Trump's Federal Reserve. Firing throughout it, Trump's Cabinet challenged core elements of British economic liberalism, free trade, green insanity, and the degradation of society in general. The event was capped by Agriculture Secretary Brooke Rollins pronouncement that Trump is leading a third American revolution.

[Chip]

Susan.

[Susan Kokinda]

I'm Susan Kokinda, and the revival of American economics has been my passion for 50 years. And it's the mission of our Promethean movement. If you've been enjoying these videos and find them educational, please like and subscribe so you don't miss the next one. And if you know anyone who is political and would like our behind the scenes take on this. Please share and help us increase our outcome. So in this week's update, I'm going to show you first, just how panicked the British financial establishment is over Trump's Fed challenge. Second, what went on in one of the most amazing cabinet meetings in recent history. And third, how the only response of the Democrats and their British masters is to scream fascism, something they themselves embrace. The hysteria coming out of London tells us everything we need to know. Listen to these quotes from the Financial Times. Trump's late night putsch represents one of the gravest challenges to the Fed since it became independent 74 years ago.

[Chip]

Listen to these people, Jeff. This is ridiculous. Became independent. No, no, the Fed's going away, okay? If you guys haven't figured it out yet, that's Trump's mission. It's going away. Bye. Bye. And when it collapses here, it's going to collapse somewhere else. And did you ever notice, Jeff, everyone's like, oh, people are starting to stand up in the UK and they're starting to stand up in France. And no, no, no, never forget the man who dug the well. That man's name is Donald Trump. And Donald Trump made it okay to start massive deportations to send people back who don't value the place they're coming to, criminals. They're going home. And now it's starting to become so when the Fed. That's why they're freaking out. Because when the Fed collapses here, all central banks will collapse.

[Jeff]

All of them.

[Chip]

Not every one of them, but it'll happen.

[Susan Kokinda]

And marks a stunning escalation in the President's attack on the US Economic establishment. A push, really, for firing a compromised Fed governor. In the same article, the Brookings Institute's David Wessel cites Trump's efforts to get a majority on the Fed as one more way in which the President is undermining the foundations of our democracy. Last time I checked, the Federal Reserve had nothing to do with the foundations of our democracy.

[Jeff]

Perfect.

[Susan Kokinda]

Not to mention that we're a republic, not a democracy.

[Chip]

Yes, we are.

[Susan Kokinda]

Another propaganda armed for British thinking. The New Republic headline their coverage. Meet your new Fed chair, Donald Trump. We knew the President would end the central bank's.

[Chip]

God, I wish, Jeff.

[Susan Kokinda]

Independence. And for all intents and purposes, now he has. Notice what they're really afraid of Trump gaining control over monetary policy. Because for more than a century, that control has belonged to the City of London and Wall street, not the American people. Of course, the central bankers bristle at any challenge to Their unconstitutional control. So the Financial Times drew comparisons to Trump to, quote authoritarian leaders who have tried to bend monetary policy to their will. Crushing confidence.

[Chip]

Okay, so I'll play that. That was a little bit. But it's a really good account that I started following. She puts out amazing videos. Are fantastic. They align well with here. This is a Promethean action. That's the name of the account. I'm going to drop the X account down there, guys, so you can go ahead and follow it. But it's called Promethean action. And advocating for Trump's economic revolution. Tariffs, American industry and manufacturing. Check out our merch store. I know, by the way, Check out our merch store. We need one of those, by the way. Check. So there it is. There's the merch.

[Jeff]

We need an on the chain merch store.

[Chip]

That's what we need. We have one, Jeff.

[Jeff]

We actually have one.

[Chip]

I thought this was one of our thumbnails when I first saw it, didn't you? It looks like something. Looks like something we would have done.

[Jeff]

I was like, I've used that.

[Chip]

Is that our show? Is that our show? I mean, what the hell?

[Jeff]

Copying our thumbnails.

[Chip]

Look at this right here. There's a new tariff in town. Better if it was the other way.

[Jeff]

Oh, that's good.

[Chip]

Instead of sheriff.

[Jeff]

Yeah.

[Chip]

Look at this. A police dossier. It's the British who murder our presidents.

[Jeff]

Right?

[Chip]

Whoa. What President Trump can do with the American System 2.0. But she's also down the whole Fed stuff. It's really just absolutely fantastic.

[Jeff]

Cryptocurrency. Setting it up. His signal is cutting out, so he's posting the wallet address just in case.

[Chip]

Okay, well, you might want to. Just might want to save it because we don't have to look for it later. You know what I mean? And then also, too, we had James Fishback, who's just been just ripping the fat. A new one. I love this guy. He's my new favorite dude to watch. I have to watch everything he's on. But he was on Fox News talking.

[Jeff]

About putsch, in case anybody didn't know what that was. I didn't really know what a push was.

[Chip]

I didn't know what a push was. But it sounds like such a wimpy word to be a violent.

[Jeff]

Violent.

[Chip]

Also called the insurrection, which, like insurrection sounds way mightier than a putch.

[Jeff]

Has anyone ever used that word?

[Chip]

Sounds like a putz.

[Jeff]

Putsch.

[Chip]

A putz is a loser. This is a douchebag. Bought a putsch. Them in their damn English. Sounds So gay that you were at the Jackson Hole meeting last week. You asked Lisa Cook a direct question about mortgage fraud. She's been accused of mortgage fraud. Tell me what happened.

[James Fishback]

Good morning, Stuart. I was at the Jackson Hole conference presenting Azoria's new research model that shows that President Trump and Secretary Bessant are right. Interest rates are at least 1.7 percentage points too high. And there I see Lisa Cook walking into the lobby on Friday morning. I got my Starbucks in hand and I asked her about these mortgage fraud allegations, very respectfully. Moments later, I am escorted out of the conference and I'm handed a criminal trespass notice. I am told that if I come back and ask Lisa Cook any more questions, I am going to be arrested. This is perhaps the saddest analogy for the Federal Reserve in 2025. If you question them, if you push back, if you even so much as offer a different opinion, they will punish you. That is wrong and that is un American.

[Chip]

You think we are. Well, there is going to be another new governor on the Federal Reserve Board. You have any idea who it might be and does it force the board in the direction of cutting interest rates more quickly?

[James Fishback]

Well, let's be clear here about first, what Lisa Cook is alleged to have done a couple of years ago. She got two mortgages on two homes in two separate states, signed these applications within two weeks of each other, claiming that both of these homes, Stewart, were her primary residence. That is a lie. That is fraud. It is called owner occupancy fraud. In fact, the Federal Reserve bank of Philadelphia quantified the risk of how this systemically poses to the housing market. Now, what this does is by President Trump firing her, and of course, to your point, opens up a vacancy on the Federal Reserve Board of Governors. I'm hearing David Malpass. I'm also hearing that Stephen Moran, who was appointed to Coogler seat, may actually end up going to Cook's seat. And the reason why, Stuart, is because Cook's seat runs until 2038, where Coogler seat was set to expire this January.

[Chip]

Do you think the market rallies significantly when we get the first of a series of interest rate cuts? Yeah.

[James Fishback]

I think the market's done just fine. I think the market is looking through Jerome Powell's obstinates and looking through the fact that Lisa Cook is a deceitful miscreant. Everyone was saying last week that if Trump fired Lisa Cook, the stock market would crash and bond yields would go up. The exact opposite has happened. It's once again a repudiation of the expert class. President Trump is holding people accountable. In fact, if he did not hold Lisa Cook accountable, that would have posed a risk for markets because they would actually, actually question the rule of law in America, and that's something that markets do not tolerate.

[Chip]

James Fishback, you are a tough guy. We'll see you again real soon. Thank you, James. Love that dude just keeps taking. It's time to play the attack.

[Jeff]

Oh, it's time. Time to play.

[Chip]

I didn't hear any commentary on the rant song he's played. I don't hear one damn thing on the rants.

[Jeff]

Nobody said anything, man.

[Chip]

That's really weird.

[Jeff]

All right, how many yetis do we have? Probably like five, eight. Eight, man, that's low. Everyone needs to throw in a yeti. Yeah, throw it in. Here we go. We should have, like 20 by the time the song's over.

[Chip]

Oh, here we go. This AI rock is kind of good.

[Jeff]

There you go. Kind of good.

[Chip]

We got something good now.

[Jeff]

Here we go.

[Yeti Rapper]

Clap your hands, everybody if you're feeling this vibe we live on the chain we got the T.R. you ready, you steady? Then when you legendary heave the word of the day you know it's true Y e t I coming straight to you Cold on the mic but the beat so hot click claim boom that drop we got blue drop song and the crowd invited battle on deck everybody's united man of go's the name pathfinder's the clan if you don't know now you're up understand ship red rolling, just dropping fact he was in the house she had brains intact Obsidian roast on the ivy drip bold black coffee power in the sip Legends don't quit when the nights get tough Claim your yeti if you bold enough on the chain that's where we rain Badass yetis running.

[Chip]

This game.

[Yeti Rapper]

On a battle make for legend claim yours or be forgotten Badass yeti on the channel.

[Jeff]

Oh, there you go.

[Chip]

Wow, that was something. Jeff. That might be the best. That might absolutely be the best one yet. I love that. I almost want to hear it again. But one of the best ones Will here was by far fantastic.

[Jeff]

Dude, that was a good one. Not how many yetis.

[Chip]

You know what that kind of sounded? No, no. That gave me vibes of, ah, a little two pack and Dr. Dre. California love kind of gave me those old school sort of like, you know, like late 80s, 90s, late 90s, 2000s, late 90s. Yeah, like 96, 97. When did that come out? When did that. California. That was a great tune. But it kind of had that like. Just play the beginning of it again. Play the beginning. Just a little beginning.

[Jeff]

Because it had that sort of clap.

[Yeti Rapper]

Your hands, everybody, if you're feeling this vibe. We live on the chain.

[Jeff]

Like that. Yep.

[Chip]

Yeah, I would love to play the other one so you could hear the similarities, but unfortunately not going to be good for us, Jeff. We'll get the old. It's gonna happen be no good. No good at all. There you go. Snoop. Yeti. Dope as F, man. Dope as F. I love it.

[Jeff]

Chad's not normally a fan of the genre, but damn, that's right.

[Chip]

That was good, man.

[Jeff]

That was good.

[Chip]

Sounds Yiddish. Say what?

[Jeff]

That was putch.

[Chip]

Oh, puts. Puts. Don't be a putsch. It's like a butch. Check out this. This is big news. This happened in the cabinet meeting also. Very short clip here, but listen to this. The Department of Commerce is going to start issuing its statistics on the blockchain.

[Jeff]

Because you want crypto.

[Chip]

And we are going to put on the blockchain. There's statistics on the blockchain because you are the crypto president. And we are going to put out GDP on the blockchain so people can use the blockchain for data distribution. And then we're going to make that available to the entire government so all of you can do it. We're just ironing out all the details so we can do it. Bam.

[Jeff]

And they're going to do it on Ethereum.

[Chip]

Yeah, but that's fine though, dude. I think it's a great, great thing. Badass Yetis how to party. Yeah. Yeah, that's. We're going down a really good last couple have been super big, awesome, phenomenal tunes, man. Bangers just absolutely loved it. I saw this and it was something pretty interest. Interesting flare is all about data. That's true too. Look at this here. So this guy, this pastor right here, check this out. He was making a comparison between Christianity and Islam and he's rapid fire. But it's so interesting to see the contrast. Listen to this, Jesus.

[Immigration Speaker]

Muhammad said, kill the infidel. Jesus said, love your enemies. Muhammad said, before he died. Muhammad said, may Allah curse the Jews and the Christians. Jesus, before he died said, father, forgive them for they don't know what they do. Muhammad owns slaves and them. Jesus honored woman and covered them. Muhammad, the woman caught an adultery, stone her to death. Jesus, the woman caught on adultery said, neither do I condemn you. Go and sin no more. Muhammad literally commands men that they can beat their wives up. Jesus commands men to love their wives. So when you compare the founders, I know you were like, you know, interpretation and stuff. Forget the Quran, forget the Bible. Let's compare the founders of the religion. Your Muhammad in a span of 10 years, started 73 wars and raids. My Jesus, in a span of 33 years, his whole life, not one war was started. In fact, when his disciples wanted to destroy a city for rejected him, Jesus rebuked them. When, when, when Peter picked up the sword, Jesus said, those who live by the sword would die by the sword. So let's compare founders for a moment. Your founder is not my founder. My founder is a God of love, peace, prosperity. We're not the same. The Muslims want Sharia law.

[Jeff]

That's the Muslims wanting Sharia law to reign in the West.

[Chip]

And you can listen to.

[Jeff]

Is it called imams?

[Immigration Speaker]

Yeah.

[Jeff]

You can listen to the leaders of brotherhoods saying that we will not stop, stop until Islam is in every home and every child. They I've heard imam say, we don't care about the parents, but we are coming for the children and children will become Muslim.

[Immigration Speaker]

We're immigrants. I'm a refugee. I literally, we came legally, obviously, but I love immigration in the right way. When I moved from Egypt to Australia, I was so grateful for my country. I love my country. We have an Australian flag in our office. Why we're telling people, the country that accepted me and took me in, I love it, I'm grateful for it, I'm blessing it, and I'm bringing my skill here. But what a lot of Muslims do when they move to America is they don't love the country, they hate the country. I was literally in an Uber on the way here and the Uber was a Muslim man, his name is Muhammad. And he was complaining to me how bad it is to live in America. I'm like, where you from? He's like, pakistan. I'm like, why are you here? Like, why are you complaining about the country that you're in? Like, that's the thing. I was like to him, why are you here? He was like, oh, I'll move with my family for a better future. I'm like, so you're telling me you left Pakistan because you don't like the way you live there, you don't like Islam there, and you're moving to America only to hate America. And this is the problem. I love immigration, but if you're going to migrate to a country, you better love your country, you better bless your country, you better wave the American flag here. Don't go around burning the flag. And that's the difference between an immigrant and an enemy.

[Jeff]

Right.

[Immigration Speaker]

An immigrant seeks refuge. An enemy wants to destroy the country.

[Chip]

There's a boom. What do you think about that, Jeff?

[Jeff]

Pretty spot on. Yeah. I mean, it's just the. The passion, you know, you can. Man, it's. It's such a difficult topic to dig into. And the truth that he's bringing, you know, on the topic and that, you know, that's the whole thing. People really have to have their eyes open.

[Chip]

Well, but also, Judaism is also rooted in love as well. That's also. It's rooted righteousness, but also too, you know, obviously, you know, the. The Bible is what we call. The Old Testament, is the Torah, and then we have the New Testament, which is Jesus. And after. But the thing about it is these are not the same. They're not. They're not crafted the same. They're not founded the same. And he says founder, he's drilling it down so people can understand. Obviously, Jesus wasn't the founder. God was the founder. Right. But he's making the dichotomy, the comparison. And if you think of Muhammad, Jim D. Says, Muhammad, if he ever really existed, and he did, there's plenty of count about it. But if he ever existed, he never entered Jerusalem. Okay, Right. Catholicism created Islam, decentralized. AI. Okay. I'm new on that one, but. Okay, you're gonna have to put. You're gonna have to bring receipts if you're gonna make those allegations. I'm not aware of how they created Islam. I don't think there was Catholicism where Islam is found from. So Jordan Maxwell explains it best. Sounds like the human condition. Yeah, some of it's the human condition, but it's a very big, very strong, huge difference there. So I got some memes here. These memes came up for some reason, the Fed. You know what's great, Jeff, is all this stuff. The more. What they don't realize is that suppose they just cut interest rates, did a little, you know, quarter basis point a half, maybe in a full point. No one talks about the Fed. No one thinks about the Fed. Oh, the tactic. The rates are coming down, but then people start digging in. What do you mean? It's a third party? What do you mean Congress outsourced to a third party? We got to borrow money. We have, you know, the house. That's their job, is to be able to coin money. And now people are talking about it so much so that it was like 5,000 people was trending. That's how I clicked on it said the Fed and it was trending. And here you go, right there. I want you to end the Fed. There you go. It was all these, end the Fed.

[Jeff]

It's time to end the Fed.

[Chip]

This is my favorite one right here.

[Jeff]

Oh, my God. The cracker barrel and the Fed.

[Chip]

But you know who that is, right? That's Ron Paul.

[Jeff]

Oh, that's Ron Paul. Oh, my God, that's. Oh, my God, that's even better.

[Chip]

Ron Paul and the Fed. There was some dude sitting out. I mean, they, they went back to it. So they, they said, okay, we heard you. All right, all right. We don't want to kill the brand. We're going back. We're getting. We're going back to the old logo. There was some dude sitting in. By off a corner in traffic and sitting next to a barrel with the outfit on and he was saying, auto work out of work cracker. It was awesome.

[Jeff]

It's funny.

[Chip]

Yeah. So you got end the Fed and then you got this one here. This is the best one here. Fiat. Fiat. Fiat's fine. And look, it's the Monopoly guy. The Monopoly dude. Fiat is.

[Jeff]

Everything's good. Everything's good.

[Chip]

Well, everything's burning down around. I'm just sitting there to watch the money burn on the side of the table. It's fine. Everything's cool. We're good. Everything's fine. We're good.

[Jeff]

Nothing to see here.

[Chip]

Nothing to see here, man. The Federal Reserve system and fractional reserve bank and our hidden tax on the American people that allow the government to depreciate the value of our money by nearly 50% by 21. It's like 93% by. By 71. When they have the gold standard, people can't buy homes. People can't sell homes. And then the Fed is out there, you know, with high interest rates. They're just packing their coffers, man.

[Jeff]

Of course.

[Chip]

I mean, it's insane. The whole thing is just so stupid.

[Jeff]

It's a vicious cycle.

[Chip]

It's a dumb cycle, man. It's a really pathetic dumb cycle. So I thought we'd get into the uk, probably bring some stuff up there. There's a couple of.

[Jeff]

Man, what. What is there to talk about in the uk? Well, they get their act together. Let's see.

[Chip]

Raising the flags, Jeff, this is what we're talking about. Check this out. There's the. There's a lion. You see Big Ben in the background? The lion's sleeping. He's.

[Immigration Speaker]

You know, back in America, we would.

[Chip]

Shoot you if you took down our flag.

[Immigration Speaker]

You should all wake up, raise your flag.

[Chip]

What's the best thing about this is the. The lion wakes up painted up like the St. George flag, right? He awakens. This is England. There we go. Taking down the cream.

[Jeff]

There we go.

[Chip]

James Bond. So James Bond's at a speedboat cruising down the Thames, and then you look at London Bridge, and he hits a remote control, and boom, there goes a giant St. George flag. Mr. Bean, that's the O2 in London. So he just painted the top of the O2 St George flag.

[Jeff]

England bacon and buddies.

[Chip]

England bake. English bacon. Buddies.

[Jeff]

Buddies. Bacon buddies.

[Chip]

There they go with the bacon, Jeff.

[Jeff]

EU flag.

[Chip]

Yeah, the EU flag. Here's Paddington bear. Raise the colors. That's the big hashtag that's going around. Raise the colors. I love that, man. Is that. Was that good, Jeff? That was, like, really entertaining. I mean, there's so many great entertaining things that happen. This one's a little bit of a parody. But this is what would happen if. This is what the local council would do if you wanted something removed very quickly or taken down. You paint the St. George flag on it. Then the local council comes and makes sure that it gets eliminated. This is fantastic. See how long this one takes them. That old sofa has been there for.

[Susan Kokinda]

Three weeks, and my son painted an.

[Chip]

England flag on the front. And the council came straight away to remove the bloody thing. Look how fast the council removed my.

[Jeff]

Bins when they have the England flag on it.

[Chip]

Let's see. That's just fantastic. I want to watch the whole video on that. The whole thing.

[Jeff]

That is funny. People come up with some good stuff.

[Chip]

That is so, so funny, man. Oh, my God, I love that. And Florida, you know, they're cracking down on immigration. But you teased us earlier. But, Jeff, they're using the way stations as immigration checkpoints. Look at this.

[Zodao Voting Explanation AI]

Today, Florida's attorney general is going to.

[Susan Kokinda]

Announce that all the trucking way stations.

[Zodao Voting Explanation AI]

In the state of Florida will now.

[Susan Kokinda]

Serve as immigration checkpoints.

[Jeff]

Great idea.

[Chip]

Yeah, it's a great idea. And by the way, I also think.

[Jeff]

We should find out who gave his.

[Chip]

Road test, who green lighted it, what company insured him, what company hired him, and all those company pay the price. That's the only thing you got to do. You got to destroy the companies that are putting our lives at risk. Yeah.

[Jeff]

Yes.

[Chip]

100%. You gotta love that, man. It's got to love it.

[Jeff]

That guy did a K point turn in the middle of a road.

[Chip]

Yeah.

[Jeff]

So brutal. And it comes. But somehow he's working for a Trucking company.

[Chip]

Well, somebody else bashed right into Guy was on the phone. Guys on the phone. By the time you realized it smashed into a car, killed the grandmother and the grandkids dead. And what's weird is they don't even react like, oh my God. They don't react. They just kind of like look around. Oh yeah, they get back on their phones. This is the whole thing. Like, not even any remorse whatsoever. Nothing. No remorse. Not a care in the world, apparently. I don't understand what's wrong with these people. They're freaks. Was Jim D. Sam give out English England Jack Jack T shirts to immigrants who get their coppers to haul them off. Get the coppers.

[Jeff]

I would do it too.

[Chip]

I'm glad there's still English humor. Yeah, if. If. We'll see how long that lasts.

[Jeff]

That's right. No longer gonna be English. Alex says to back to the crypto. Hawaii writer. I still can't believe I bought XRP at 30 cents. People laughed when I put my whole savings into XRP. Who's laughing now?

[Chip]

Yeah, they left and then they wanted to know when it hit 2, $3. How do they get into it?

[Jeff]

How do they buy?

[Chip]

They don't like to buy when it's on sale. They like when it's going up. Because then they said, see, it's real. I told you it's real. October is going to be big for XRP and all the crypto according to high high Hawaii rider Got clarity act October 15th rate cuts. Next month's on the 17th. Let's go.

[Jeff]

It's gonna be a good for those ETFs. I can't wait.

[Chip]

It is fantastic. All right, Jeff, let's do the drawing.

[Jeff]

Wait, look what time it is. Let's do it.

[Chip]

You gotta do the Yeti.

[Jeff]

Let us do it now.

[Chip]

The Yeti. And we'll get going here, man.

[Jeff]

Here we go.

[Yeti Rapper]

Clap your hands everybody if you're feeling this vibe we live on the chain with the web on the drum you ready, you steady? Then when you suffer Yeti legendary heaven the word of the day you know it's true Y E T I coming straight to you Cold on the mic but the beat so hot click claim, boom that drop we got blue drop song and the crowd invited battle on deck Everybody's united man of gorms the name pathfinders the clan if you're you don't know now you understand don't sit down, ship ran rolling just dropping back he was in the house. Yeah. Brains intact, obsidian roast on the ivy drip Bold black coffee power in the sip Legends don't quit when the nights get tough Claim your yeti if you're bold enough on the chain, that's where we rain Badass yeties running this game Yours or be forgotten. Badass Ready?

[Chip]

Chad was asking if it was Mammogram. No, that's not what his name is. Not mammogram.

[Jeff]

His name is not Mammogram.

[Chip]

Mammogram. Okay, we only have 11 guys. Typ yeti or you have a 1 in 11 chance.

[Jeff]

Managar.

[Chip]

Let's go, guys. Yeti. Type in the word Y, E, T, I. That's what you gotta type if you want to win. You need everyone to have your zombie wallet ready. Don't enter the damn contest.

[Jeff]

Everybody.

[Chip]

There it is right there. 11. I'm ready to draw. I'm about ready to draw it. No lie. Yeah, I ran into an actor from DH Wave at Bushkirk. What is DH Wave?

[Jeff]

I don't know what DH Wave is. Never heard of it.

[Chip]

What is dhwav? You gotta be. No lie, Vincent. Well, who the hell is it? What is. I don't know. It's. It's an acronym for a long name, but I don't know what it means. Like we're supposed to know what DH WAV means.

[Jeff]

I don't know.

[Chip]

What is it?

[Jeff]

An actor from Thav holding the inside.

[Chip]

Track hotter than a Branch Davidian. Oh, no, that's rough.

[Jeff]

Oh, God.

[Chip]

Ineligible. Says Charles. Oh, Die Hard with a vengeance. There you go. Like I'm supposed to know that. Who was it from? Die Hard with the vengeance.

[Jeff]

Die Hard with Bruce Willis. Die Hard with a vengeance.

[Chip]

Who was it? I don't know who it was. You gotta tell us who it is, dude. Die Hard with a vengeance. Jesus. Like we're supposed to know that. DH Wave. What the hell, dude? I'm sorry, dude. I never seen it. Yeah. Chad says, Die Hard with the vengeance. Yeah, like I'm supposed to know that.

[Jeff]

Never have gotten that. I never would have guessed. Never.

[Chip]

We've got 12, Jeff. We're getting ready to pull it.

[Jeff]

And 12. Getting light. Light on the yetis.

[Chip]

Yeah. You got a 1 in 12 chance. Those best odds you've ever had. So there you go. We're gonna roll it, Jeff. Let's go. Ready? One, two, three.

[Jeff]

Osmond says he can't start letting everybody in because we get these light draws now.

[Chip]

Can't do it. You can get in, but you can't win.

[Jeff]

We probably need people to get in because it pushes the odds wider. Yes, we Almost won.

[Chip]

Ray the Moss check. The tape is rated moss as he won. Ray the Mus.

[Jeff]

Ray the Mus. Is Ray the Must still here? That's a question.

[Chip]

Was here Double check the Ray the Moss check and see if he's won recently. I don't think so.

[Jeff]

I don't think so. A room full of winners.

[Chip]

Full of winners, baby.

[Jeff]

That's why I gotta let everybody jump in because it throws off the odds. Plus we're keeping track of it. I don't know if anyone can keep track when they want.

[Chip]

Oh, yeehaw, says Ray the Moss. You are the proud owner of Mammogram.

[Jeff]

No, it's not of a mammogram.

[Chip]

Huzzah.

[Jeff]

An order of a mammogram. Nft.

[Chip]

Yeah. So, all right, what do we got here? What do we have up next? We need the Zaman wallet. We ride. It's all mine today. I just know it. No, dude, I think Cryptocatty is behind. Charles says it's rigged even though he didn't play it. They can't. Charles is the winningest, winningest winner of all time here. Room full of XRP holders otherwise known as winners. Correct. We're all winners here, baby.

[Jeff]

July 16th.

[Chip]

Any rigged though I did hit, I'd like to increase my chances. Ray, where's that wallet? Ray, while you're looking for the wallet, I'm going to put on. We've seen a lot of baby Trump, but here's baby news scum. Here's baby Newscom. What a dork. Here we go.

[Political Commentator]

Here because the President of the United States is struggling. We got here because the President of the United States is one of the most unpopular presidents in U.S. history. We got here because he recognizes that he will lose the election. Congress will go back into the hands of the Democratic Party next November. We got here because of his failed policies. Those are being exposed hour by hour, reinforced today by Walmart announcing they'll be raising prices because of the tax increases, because of the tariffs. Reminded every day by slowing economy, growing mistrust, distrust all across this nation, across the board. He is failing. He recognized that. And that's why he made a phone call to Greg Abbott asking for five seats. Can't win by playing by traditional sets of rules. He plays by no rules. I remind you all the time it's not the rule of law, it's the rule of dot. And we're standing up to that. We're responding to that.

[Chip]

So we're going to do the same thing he's doing, but we're going to pretend like we're mightier than everybody else. That's what we're going to do. But unfortunately you have a. You've got to change your constitution. You have an amendment to your constitution and you have to have people vote on it. But that's okay. Your voting. Voting is rigged. So you'll probably pass it.

[Political Commentator]

They fired the first shot. Texas. We wouldn't be here at Texas. Not done what they just did. Donald Trump didn't do what he just did. He went so far as to follow up and say that he didn't just want those five seats. He said he's quote unquote entitled to those five seats. Just pause and reflect on that. Everything sort of just stopped there. President United States claiming he's entitled to five seats. That should put chills up your spine. Every Republican, not just Democrat and Independent, every American American. Those enduring values that we celebrate just celebrated 249 years. The best of the Roman Republic. Greek democracy. The rule of law. Co equal branches of government. Popular.

[Chip]

Yeah, great. Democracy. Try again, jackass.

[Political Commentator]

Their sovereignty. What we'll celebrate will we next year the 250th anniversary.

[Chip]

What a douche. What a royal douche, really. You know what we need so such a moron.

[Jeff]

We need a wallet from you.

[Chip]

Got no wallet for you, Ray. Maybe he has. I don't know. Let me see if I check the tape.

[Jeff]

I'm looking in the chat. I don't see anything.

[Chip]

See anything. We look and see if maybe he might have put.

[Jeff]

Keep resetting it, but nothing. Anybody else see it?

[Chip]

I don't see anything. Do you see it there? Jeff.

[Jeff]

Asus.

[Chip]

No, I don't see it. Vince Scully says yes.

[Jeff]

Something else.

[Chip]

Where is it?

[Jeff]

He did not put it. I don't see it.

[Chip]

All right, dude, we're gonna make us. Gonna make us, you know, roll again. Where's your. Where's your wallet?

[Jeff]

Right there. He commented Ray the mod said this ain't rigged at all. Although I did hit the like to increase my chances. But then he forgot to go to about to add the wallet.

[Chip]

Vincent is who's behind? Well, no, he knows he won, but he needs the wallet. That's the theme's the rules. Come on.

[Jeff]

Do you have a wallet?

[Chip]

Come on baby, you gotta do it.

[Jeff]

Come on. Ray. Ray. The museum, Ray. The mosque for some reason his wallet address. We need your wallet. Your zombie, your Zaman wallet.

[Chip]

We know you're here, dude, but we need your freaking wallet. Otherwise you need to give it to you. Otherwise you're gonna.

[Jeff]

You're Gonna send it without it?

[Chip]

Yeah. If you don't put your wallet in there, we're gonna have to be forced to put it to somebody else.

[Jeff]

And for some reason on the, on the sheet, Ray is one of three that for some reason the wallet addresses are gone.

[Chip]

Drop your X handle too. Right. Good one, Chad.

[Jeff]

I've got that.

[Chip]

You have that? Yeah. Okay, well, good.

[Jeff]

That one I have, actually. Great.

[Chip]

No, we don't. We don't have your wallet from last time. You won. That's why we need to give you the give. Get you the wallet.

[Jeff]

We lost it.

[Chip]

Jump on your phone and tell us what it is, buddy. Come on, come on, come on.

[Jeff]

Now, like everyone's commenting. Being here isn't enough.

[Chip]

Okay. So while we do that.

[Jeff]

Anything else to play?

[Chip]

Yeah, it's right here while we run through it. Rules for the rules, free giveaways on our YouTube channel. Official guidelines. All submissions must adhere to YouTube community guidelines and non compliant entries will be disqualified. YouTube is not affiliated with our giveaway contest. Participants agreed to absolve YouTube of any liability related to our giveaway contest. We do not store, retain or utilize any personal information from users. The name, Twitter handle, YouTube name. Yes, and crypto wallet address for general accounting purposes, general limitation and criteria. We are alone or accountable for our contest. Our YouTube contest adheres to all relevant federal, state, local laws, regulations and rules, including U. S. Sanctions. Our contest neither violates nor encourages violation of any third party rights or engagement in legal activities. We do not request users grant full rights or transfer ownership. Other submissions, entry and to our conscience, we refrain from our compensation of any individual group to manipulate YouTube service metrics, including view counts, likes, dislikes or subscribers in a way that misrepresents genuine user interaction with the YouTube service. We do not connect or affiliate our contest with YouTube without obtaining prior written commission permission from the YouTube. This includes, but not limited to explicitly stating or implying that YouTube is associated with or has endorsed our contest in any matter.

[Jeff]

Sorry, by the way, here you go, Ray the musk. This is. You are the proud winner of badass Yeti number 131. Yeah, name is manogram. Almost like a mammogram. A manogram.

[Chip]

Yeah, California.

[Jeff]

But look how cool he is though. This guy's got a kick ass. I saw this face and I'm like, man, look at the eyes. Hang on, let me get. Let me zoom in on a bigger look at those eyes. You see that?

[Chip]

She got some static going on there, man.

[Jeff]

And static in the eyes. But look at that base. Got nice and puffy. Look at this guy. Yeah, these guys are deadly. You don't want to run into that out in the tundra. Run into him out in the tundra, then you're probably not going to survive.

[Chip]

Yes, teacher.

[Jeff]

Okay, here we go. Thought they took a picture.

[Chip]

He hopes it works. Well, I hope so too, otherwise.

[Jeff]

You hope it works.

[Chip]

We have raised.

[Jeff]

I'm being forced to upgrade the zombie.

[Chip]

Wallet for Christmas sake.

[Jeff]

Hang on a minute. Here we go.

[Chip]

Come on now. Come on now.

[Jeff]

Here we go. Here we go. Here we go. Here we go. Oh no. There we go. It's transferring thumb printed. Sending. Verifying it's been submitted.

[Chip]

There you go.

[Jeff]

And that's it. You win. That's it. Done. We no longer have is gone submitted successfully. How cool is that?

[Chip]

It's at raid the moss. We have that though, right? I think for the most part, yes. All right, man. Okay, man. You ready, man? Okay, well, I see. I see it's time to get out of here.

[Jeff]

Jeff Winter winter chicken dinner.

[Chip]

Winner, winner, chicken dinner.

[Jeff]

Winner, winner, chicken dinner.

[Chip]

Yeah, I don't think I'm gonna be on Saturday or Sunday.

[Jeff]

Sunday, Sunday.

[Chip]

One day only on Sunday.

[Jeff]

All right, Manage. I can already tell I'm getting. I'm be getting up at between 4 and 4:30 every day still. Yeah, I kind of set. Set that as my new work, my new time to get up.

[Chip]

All right.

[Jeff]

Because then you like had this entire day in the morning. It's crazy. How much.

[Chip]

What time do you go to bed?

[Jeff]

Well, I'm tired right now.

[Chip]

Yeah, I'm tired too. I'm really. Tonight.

[Jeff]

I think I fell asleep yesterday at 10. All right, so by 10 then that gives me, you know, by, you know, then enough hours.

[Chip]

Well, I got you. I got you, buddy boy.

[Jeff]

And by 5:30, get a nice workout in. By 5:30, then you're drinking coffee and hanging out. And then you got time.

[Chip]

Yeah, then you go like, oh, I just spent my whole day. Oh, now I gotta go work. It's like.

[Jeff]

That's right.

[Chip]

I just having so much great. Such a great time here. That's all the time we have. We will see you guys on the next one.

[Jeff]

No, there'll be a show this weekend, Saturday and Sunday.

[Chip]

Okay, guys?

[Jeff]

Oh, are you down with otc? Please like subscribe and click the bell to be notified when the next video is drops.