that someone can put in on a video or a podcast in an intro or in the end of a podcast, it's perfect my friend, it's perfect. Chat Dupati, you are perfect. It's my new Google. I have to tell you yesterday
I made a new contract to make an NFT and chat to help with my action. I'm very bullish on it.
that some devs are winning some props on some doubts I cannot say which but using chat jupity so probably this is the new way to write props you know to win some eaters and
to work on web 3. How are you doing my friend, Kuddy? How are you doing? GMGM? I was just here trying to withdraw some money to pay bills. I need to be able to pay bills with pre-proportment. With money?
It's so hard to use this very tell you that we call real. Like you're saying "feat money". Yeah. Fient currencies though. I'm not so at the same time. You know what I mean. Like paint bills, paper bills.
Do you know how it ends the answer of the chat deputy? I'm very stench right now. It ends but always do your homework. That's amazing.
doing my friends. If I ask chat D.P.T. about Genesis. No, no, no Genesis, no Genesis about their apocalypse. Which is the opposite. Oh my friend. You're a true believer in that.
Yeah, that was fast. That was some like it's a uncle joke. Yeah, yeah, I want to eat jokes. I want to eat jokes up. I'm getting prepared because well next next month I'll be actually announced. Hopefully, yeah.
And well, I'm preparing my jokes. But okay, goodie, how are you feeling about Genesis going to chapter 11? Now we are so cool folks that we know exactly the chapter of Mancredits in America.
Yeah, I'm not gonna say I'm proud of that but we predicted that just yesterday, we talked a little bit about it. And like personally, I'm okay, we always knew that something like this could happen. We were talking basically for Mother
more than a month that we need closure with all this story seems like we are getting the closure that we wanted and I'm bullish in general I actually just bought some Bitcoin here so I'm trying to find if I did something wrong like buying Bitcoin so hard to me right now but yeah
I want to I'm on this process, but yeah, I'm bullish. Like it changed nothing for us like we're still here beauty But I know like it's weird because at the same time that Genesis is fighting for bankruptcy the week of was brothers and
Seems like seems to like that move and seems to be and seems to like Aiming to Aiming to get some justice with very stupid and like talking about another drama FDX and SBF still free
posting to each saying that FTXUS is totally solvent and get responded by the new FTX CEO trying to make the new CEO a clown but actually after the new CEO response the clown is actually SPF.
to like absorb and we don't we don't have this this kind of turn out of events we have we have but it's every time that happens this kind of turn out
of events gets me like not makes me humble you know what will be about the future I don't know anything can happen in the future anything anything SBF being free
and saying stuff and Genesis the other player are going back to the rap scene at the same time and from weeks ago SBF was in jail in Bahamas in April and
Now, the prison that was very low standards from... And Genesis was well, I would say well, not well, but the world's same saw Genesis as something
Well, they were big in part of the CG yet, so we didn't have the fear of them going bankrupt. So it was just a noise in the market. And right now, man, what are they now? They're not of events.
I thought they were going to point something ahead but I actually am glad because in the end of the day when I saw that Genesis fire for bankruptcy, at the same time I immediately ran to Tech Group
So I was shocked because it didn't impact a single penny. We are still up on beef and Bitcoin and most of the assets. I was hoping
that we saw some downfall if Genesis 5 or 4 bankruptcy. But we are seeing it as we speak and the prices are still the same. It doesn't change a single thing. It's cool to see that.
We are getting more mature, the prices are getting more mature. The people that are investing in crypto are understanding that these players are not free to, these players are centralised players. So that's a great thing for me. I know that it's very beautiful in E.
to hear and to say this in the end of the day like we know that there is a lot of, as a population there is a lot of players that are going to suffer from this bankruptcy process but hey we are getting more mature and that's something that we should be happy
Exactly. The extent of the depth from Genesis is something like 1.2 billion to 11 billion dollars. This can be huge, then they can be worse than FTX because
of tax, the calculated that was something like 6 to 8 billion. So the lower lows are more than the genesis. But the end extent of the genesis is greater than the extent of
of the FJX, it's 8 to 11 billion. So we have more 11 billion dollars missing out in the market. Mainly Jimi and I earned the program of Jimi. It's kind of the most thing affected. They were affected for our
a long time right now but now they have they they don't have the means the enemies to recovery to recover this money right now because they are in in a legal protection right now and
How does this impact and make other players have contagion over what's happening with Genesis? How is the extent of it in your view? Hermes is here right now.
them as well. Jam, Jam, Hermit, Harding, my friend. And I want to guys to discuss a little bit about it, how it is the extent and the impact of Genesis in the market.
Should I start crying like?
No, no, yeah, I have a second question after that. And it's a bullish question. So first the bearish one, what's the fact, and then the bullish one. Sorry, I was about to sneeze. I got to hold my hands.
Good morning everyone, much love. Man, I keep the same vibe of yesterday, I say that I don't know how to translate this saying. I guess I don't even know how to say that in Portuguese, but the thing about the gossip and the fact, you know.
I believe that the decisions were made before the coin desk report that doom it FTX. We are just seeing like the big dogs making sure that they are not losing. And I don't think that we are going any
any lower than where we are now. I think that 12% lowering that we saw when FTX was
because, crochet, it's the worst we are doing. I don't see we getting much worse than that to be honest.
How about contagion? Which players have the money in Genesis? This contagion can spread to to great scale maybe this is something that a lot of funds hedge funds mainly and ETFs are mainly
words because their money is there. So how do you guys see that? Mainly because I know that I could did some research about it and how is this contagion? How this contagion can happen and which
players are the most weakened by the episodes of this week. In the end of the day, this brings us to a good and general aspect, especially because it affects the companies and affects
or impact institutions or other work like we all know that investing crypto is risky but in the end of the day like we need to get more people into it and like companies file for bankruptcy is not the way that we get more people into it unfortunately I know there is a lot of difference between this and
solved some company related to Gary Vee but it was not that big as Jim Knight. I'm going to try to find a tweet that I solved but it's tough because I solved some of the creditors and they
They are not up to the amount of money that Jim Genesis said that it's in debt. You said it's 11 billion, sorry for him. I'm going to try to find it. Yeah, it's between 1.2 billion and
and 11 billion worth of assets. So it's a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide range. It's not a wide#
Did you wait today? Yeah, yeah, must be you know a sweet or five meals Yeah, exactly. Yeah, I usually take breakfast between 1 a.m. to 10 a.m. So I like that. Oh, yeah
my life. Yeah. Just not precise at all. Just run, just run a cup of coffee or a hundred. No, no. Yeah. Yeah. They go to a large, like 50% larger than what FJX was.
to like, nothing like 10% of stuff like that of what FJK was. So the range is what worries a lot of people. We don't know. The range is wide as it can be.
But yeah, it's 1.2 billion to 11 billion. Yeah, but like the I don't know if it was the biggest creditors, but the ones that I saw like do not get. Year 11 billion. And that that's something that can back possibly possibly on on January.
is straight but at the same time like we can discover some other creditor such as DCG itself the whole DCG and that should not be good for a very silver. I think that it we impact and is already impacting the
the market. But I do not see that as a black swan such as FTX was last year like I see that as a reflect of FTX but I do not think that it's going to be as big as this also how this same situation is mean like I think we are getting some close
And we always have to remind that, finally for Bank Group, they do not mean that the company is that, quite the opposite actually, it means that the company is trying to solve its debts, maybe it will not be able to pay all of them, like 100%, but maybe they get
some discount, I don't know like we saw just yesterday that something that we should talk that the new CEO of FDX said that the company may be, may come back from all this but we don't know like that's what chapter 11 means and I would
I'm really the hope that the company that Genesis trading from back stronger, I'm not a huge fan of Barry's super, especially in this year. But like, more companies, more centralized the market and in a day like that's what we need. So yeah, that's my take.
Yeah, that taking from the creditors, they have exposure to Genesis. These are the list of the top ones. Of course, we have a lot of more of these ones. But Gemini Trust Company.
have something like seven hundred million dollars in stake in exposure to Genesis. Then we have Mirana by Bybit.
so they are part of 5-bit they have something like 150 million I will have Babel Finance they have almost like that the same 150 million we have Max Finex
leader borders with 110 million we have the central end with 15 5 million we have Vanneck with almost that Abra with 30 million Comberland with 80 million 18 million
and Stellar Foundation, Stellar Decoin, Stellar Foundation with 13 million. So we have these players with exposure, so we have Gemini, Biped, Papalfinus, Decentraland, these are the most famous ones. Stellar have a little bit of
exposure but it's not that impactful. Jim and I have a lot of exposure my friend a lot a lot of exposure they are the main ones because of that a work of us were very worried from the start but we have some you
unusual players here, the singling. Who will imagine that the singling would be at a stake when FTAX like fall. So when FTAX dropped from the position
that the word "the synchronane" was at the end of the domino effect. This is kind of interesting and not related from directly related but Genesis is the middle. So yeah Genesis is spreading contagion.
from the market to the market. Yeah. This is kind of the players. Do you guys are surprised to hear some of them or do you imagine that these were exactly the players that were exposed to genesis?
I was actually surprised. I saw this tweet that you said. Actually, I think it may be the same to it. I was trying to find it here. But man, there's a lot of diverse companies. I actually expected more
Centralized at players such as like I don't know essentially like such as sales use next to an etc And I don't know like how they are going to do for that, but all of them have a lot of money. I don't think that it will impact any one of them
like file like I don't think the another domino is going to fall from this I really hope that it does not but in the end of the day like it's never good so lose money and some of these companies are very important and huge and conflicted so I did
not expect anything from I did not expect this company to be involved with Genesis trading especially because some of them like did not set a thing about all this all this mess that happened after after after fts so I was found is surprising
Yeah, you don't need to be a man of a lot of wisdom to see that if someone backs someone that you have money in custody, you know that somehow can spread to you. And some of these
data will be public at some time you need to make a statement. This is like to avoid further and anything. You know in the way I see how things are happening I think there are all these things like being disclosed
the final that we are getting closer to a new run, you know, because it's how it works when the market is on its all-time highs when players like malicious guys
They take off what they were reading, you know, they harvest. So that's how all these companies have their vaults empty. All these skins and malicious things happening.
And when the dirty stuff starts to be revealed, to be disclosed as this is happening lately, for me it's a sign of that, bad times are better times are coming. That's how I see it. I know you're going
Guys, you can see me as a naive person for thinking like that. I know everything can happen, but I don't think that what we are seeing are like the the signals of bad times coming on the opposite. That's how it feels.
What the opposite term is, I would not say you that you are naive. I think that the prices tell us a story. The prices of if you are right now in Bitcoin and other main assets, they are telling us a story that nothing
of this matter, really, really matter. Of course, we have contagion. Of course, we have people that will suffer for a time and will wait to recover their money. If they recover their money, main institutions right now, Genesis is more open to institutions than the retail.
So yes, the markets are telling us that nothing of this really matters because the prices really ignored all these noise. And this is the kind of the bullish part that I was telling you guys. We have a possible impact that have more
or the diverse ranges, then what fDex have, we can have a more bigger number of assets of value being locked in the market because of this bankruptcy. And even with all that,
markets didn't move a single coma, you know, nothing happened. So like they still are up to 1 to 2% up these disasters and they totally ignored the impact that
is having the market. This makes me extra bullish. Where are you from? I just bought some more. I'm still bullish. I'm still buying. I'm still planning for the long term.
as usual and I do think that we are here seeing some improvements. You know that they like all these masks happen with centralized players and like that's okay like that that things like this happen especially if you see like especially if you don't know what
What's happened inside of the company especially if you don't have any own train data? So like I'm still here, I'm still gonna be here for a long term and I'm still bullish on everything that we're bringing to the centralized ecosystem as a whole.
All I have to say is if you know, you know, like, you know that the market will not die, you know. Yeah, I actually, I'm doing the same script on it. So I'm buying, I'm believing in the long term. That's it. Nothing more.
And remember my friends, this is never a financial advice. Thank you guys for being here. Thank you for being non-GM. Unless we are right. Unless we are right. If we are right then we told you before.
That's the way we go. Take a look guys, take a look Hermes, thank you Kuddy, thank you Danny, thank you, everyone there here. Listen to us. What you love, Sam. Have a nice day. Bye. Bye guys, have a nice weekend and see you Monday. Thank you. Bye. Thank you. Bye.