Yeah, it's kind of pumping right now and I'm pretty bullish on the healthy market that we are going to experience by now. How are your hopes for the market in
next month as I would say. I would say that before FTX, Divide was pretty great as like a healthy market, a market that was going towards utility
and less hype and more building ecosystems and how are you seeing the markets know the same way that we did before FJX are not yet
Yeah, so if I'm going to go first, I'm going to be sincerer. I'm going to talk to Dr. Pro here. I actually recorded a podcast with Gail Phyllis last Friday and he talked a little bit about this because we bring out the news that we haven't had to see them, just as he
and we talk about group 2 in general. And the thing is, I don't know if we are already back on where we were before FTX, because I don't know if you guys have been following me, but who I'll be basically are going to fire or are already fired, they don't know, like 20%.
percent of other staff and we are seeing a lot of tension between Gemini and DCG, digital, digital, I don't know, I forgot the name but with very super basically and like already bringing in some news I saw this week or Friday
I don't recall that the people in the US USA like the transfer department I don't know exactly who are going to investigate Gary Syuber and it's a buyer because this DCG group controls are not like a lot of other companies other other crypto companies other huge crypto companies
So I don't know if we are back on the very top of the month. But I think we are on the right path. I really don't really hope and I'm really cherishing for all this tension that we have on the markets right now are just some kind of
Temporary retention regarding this these basically Centralized exchange but like I don't know like I thought the same thing with FTX minus and they ended up in a different path, but yeah like I'm hyper I'm bullish as usual
just don't know if you're a back contract because we have some things to we have some closure to some closures needed especially if a genesis straight and I'm really really looking forward for that I really hope in the best way possible but yeah we have we have no certain of that
Yeah, we earned the second week, the useful week of the year. So it's kind of early stage to say anything about what's happening because anything that is happening now, it's just a backlash of what happened last year, but a little bit
Yeah, a little bit less dynamic, I would say. We are kind of in a market, in a moment in the market that things are kind of cold, I would say. And anything can happen in this kind of moment of uncertainty.
I'd say more expectations than anything else. Just that we need to one thing that we promised last week that we would tap into this week is China and NFTs.
Let's jump into it. I always want to think about it because China is one of the biggest market that is not in the web tree yet, at least not officially.
most of this is because of the government and how they banned crypto. One question for you guys is China can incorporate NFTs without incorporating crypto and how this will end up happening.
how the guys think this will unfold.
If you want to start, go for it. We all know that China is a great place to live by if you prioritize your freedom and this shit. I don't see any impact on crypto markets.
like NFTs, like in one way or another NFTs are related to PLETO, like we cannot like say that they aren't and I think this is just some type of movement to the government trying to earn some money and trying to like control people's lives but I don't see
I don't see it as a great point. I know that in China, in a lot of places, you cannot use other currencies, you have your own CBDC. I don't see any impact for
I just see more like I see these as a movement that's like it's made for NFTs are trying to be like I think you so much easier than the crypto itself like is their own use case and etc. So I really I really hope that this thing will
like, results test. Basically, I don't think anyone will use anyone who preserves their freedom, their, like, all the crypto presposed you end up using this. But yeah, like, I don't know, like, the Chinese government is kind of weird to me.
I think kind of for everyone because they aren't there basically one of the most powerful states that we have and they are so they are so bureaucratic in their in their
in their way of doing things. And they are so different from a lot of the models that we have around the world. So it's very, very peculiar how they deal with things that we do think is kind of normal, but they are
really have the control of their system and the power to do stuff the other countries, other states don't have even having the same approach having the same I would say freedom to do whatever they want
to do the government, but they don't have the power that China have, or the influence that they have around the world and in the economy as well. Just happening to what will end up happening in China, we had some recent
news from Friday about China reversing course on NFTs with a platform launch. So Beijing, the Chinese government is trying to do experimentation with NFTs.
And I think that it's very natural the way that this is happening because as you said, they have central bank digital currency already. So digital assets as an FTs are
not something far away, not something distant of this reality. So it's something very, very natural. But I think it's that surprise me and I'm pretty curious on seeing what will happen is trying to have some kind of control
of a lot of things inside of China, mainland, mainly internet, they have control of websites, they have control of what is in the south end of anyone or
or apps and what features in apps you use or don't use. So they have a pretty far-witch control of their seasons wondering how this can end
up being in the case of NFTs and digital assets as a whole because it's very difficult for trade NFTs if they are not in a trustable, trustless environment or blockchain. So what do you think with
do you think they will end up creating their own blockchain or they will implement an Ethereum limit format.
Like leave true exactly It's the same but different. Yeah, I'm not I'm not seeing like kind of this is good or this is bad This is this will happen. I think that this will happen in the bad in a good way
But how do they disowned up happening? Yeah, more mechanical questions. Yeah, so I do not think like like I do not think that that's that's my personal opinion here guys can totally like disagree with me, but I do not think like the the Chinese government
care about freedom, about centralization, about like outsourceny. So I really see they fall in a path like creating their own blockchain or kind of private blockchain so that people can just use their CBDC for I forgot the name.
if you guys know the future lowly free but yeah their system there is is totally different than the system that we are used to and private blockchains we know that are not reliable you cannot trust everything go well with them and that's that's I say that's like we
said because I know that a lot of Chinese people care about these principles but in the end of the day they have a lot of time trying to follow them. But yeah, I do not see like they trying to create some a theory of persistent. I see them
trying to create something on blockchain that can be useful for them to track people, to follow how people are interacting with their money. So yeah, at least in my point of view that's not something that we should be hyped for, but quite the
We should actually try to use centralized blockchain. As I said previously, I don't know how the government is there, so I may be talking here.
My point of view is totally like for the people there, not for the government, as we saw, we see a lot of times on news, are not like pro people, but our power and politics. I don't think this is the best regime that people can live in.
Yeah, Dendi, do you have anything to add? I think Query already exposed everything I think as well. Well, very difficult. But I don't think
I believe that is a huge mistake if they
Yeah, they are trying but it doesn't mean they will conquer it Yeah, yeah, yeah, I really believe in that as of Hermes do you have anything to add my friend?
Hello everyone, good morning. Great to talk to you guys as always a pleasure. Yeah, I was listening to all you guys have been talking and I am also very bullish. I think that we are seeing a
is more increasing the NFT volume, purchase, purchase volume. I am also concerned about what Curie was talking about, the DCG group and this friction between
And you know we have some real stuff happening between who will be hobbing who will stargate and a lot of of stuff, shade is stuff happening. We don't can't see where it's going right now.
the decision growth is basically a great scale. They all coin desk, the news company, and also Foundry, which is a minor company in Luno, which is not that relevant.
exchange, uh, uh, British exchange, but they are basically the grayscale and the grayscale is more than like 50 billion dollars in crypto. They are holding, you guys can correct me if I'm
but it seems like they hold almost half of all the beatcoins that are available right now. So it's big deal for sure. It's something to be attentive to.
But I'm seeing, as I said, that is more improvement in the NFT sports chase volume. It seems like the market is somehow more optimistic. And I believe that 2023 will be a much better year for us, a great year.
That's what I'm expecting. I'm expecting to have my expectations like overcome. That's what I'm expecting. Much love to you. Great to start the week with our GM.
Yeah, it's also awesome to speak with you Hermitz as well. A lot of things happening. It's something that this thing about grayscale. It's something that have been unfolding for a long time since the FTX collapse.
I would say that this is very curious, we discussed this for some weeks ago, but Quindass was the first one that revealed the FTX problem in their compliance
and the FTT tokens are being in leverage. That's kind of interesting because anyone would say that FTAX was weak at this point because most people trusted FTAX
was pretty much anyone had some confidence in trust and in them. I would say Martin Binance, people trusted Morph Jackson Binance and this was because of good marketing that they did. They did
a good draw outreach in their productivations. They put their name in places that put them in more than in the map itself put them in the trusted position. And not a lot of people
We're talking bad about FTEX, I would say like the opposite, but CWD revealed the article that was the terminal effect for anything that happened afterwards.
In what DCG is suffering right now, it's basically the same thing, the same domino effect, but they are in the end of the line.
How do you guys see that? What this means to the ecosystem means that coin desk is is a independent media format and they they just published what they need to publish or do you think that is the
that is an underground game going. What do you guys think about this? Because it's a pretty interesting situation. A media outlets release an article that goes to create a domino effect that collapses one of the
the biggest exchanges and then one player to another player goes to bankruptcy and now DCG is affected and DCG owns a coin desk. So how do you guys see that kind of thing?
I, as I mentioned, when the situation was like training, I find it very shady. I don't think that it has anything to do with like, "We don't for the journalists." I don't think that
That's how billionaires play the games. I don't think that they will risk their fortune of more than 50 billion dollars in assets for freedom. I don't believe in that. I think that it was all
calculated, I think that these guys are a lot of steps ahead of us and that we will probably see more shady stuff happening before the next rise.
I do remember your take for the last time that we talked about this and it's pretty interesting but go ahead. Yeah, so answer your question. I may be very good at this.
But I do not think any one of these huge, huge media companies that cover crypto are basically independent. The idea was that most of the time it's dependent on any other company because these companies own them.
So yeah, I do not like that. We have some companies that covers what three that are independent, but in the end of the day it's very hard to keep that on a scale because it's hard to be a huge company and to be independent.
for from all the shit that happens on on market but yeah I agree with her. I think like we I don't know man that's a tough subject for me because like on Bainclays we basically covers we always try to say that we should
like keep the values of Web 3 and at the same time we see a lot of these companies saying that they are independent but in the end of the day like you know man things are not as easy as they seem like the the hole is so much more deeper than we actually can see it
I believe that sometimes spirit naive to think that they are totally independent and they don't obey interest of even when included because they are a part of this
time holding of the CG because of that I think they have interest, they have energy on the true, true file. But at the same time I'm kind of
It's difficult to understand how this CD could calculate that. And at the same time, being in one of the worst positions at all. So it's kind of interesting to see, yes, seems like kind of shady.
always have been seen kind of shady, going to ask really seen that article at the right time. But at the same time, where is the game? I would not say that this follow interesting interest of DCG
itself. Maybe part of particular interest is inside maybe. Who knows? But I would not say in the institutional level because if we see the great picture, it seems
pretty bad for this year and now. Not good. Just a general view, not speculating, just talking about what's happening and what's it's looking for the whole market.
Then you have anything to add? No friend. No no no. I'm great. No problem. Just talking about a little bit who I'll be. Oh yes I have anything to add about who I'll be.
Go ahead, go ahead. No, no, go ahead. Your first step, I have probably said commentaries about all the unemployed people on the market, you know, 20% of their stuff.
I would comment on the bank run that they suffered on Friday. But yeah, you have more data about the
the layout of the staff but I want to know what could harm us oh defy guys is going here
just waiting for him to connect hard doing if I got a gym yeah what's up guys yeah I'm gym huh how are you doing man yeah I'm doing okay I mean great what are you guys thinking about it like that the last week
of all this happening like the solvents are of Krobi and now we have all this DCG problem. Yeah, it's kind of tough because it's
So we're in the year to talk about what will happen and we have a little information about the koab actually. I have little information. I don't have any sideers there. I think to could I have a t-shirt from koab?
Just that is the only thing that I have at this point But what do you think DeFi guy? Yeah, I mean the only thing I'm using right now is I don't know if they have like proof of liabilities like cracking but you can go on nan
and see their proof of reserves. Or just, I mean, Nancy and they are just tracking the hot wallets, the major hot wallets of Pueblo. So you can see all the tokens there, you know.
But the problem is, I think 30% or 40% of their reserves is in their exchange token, which is very similar to FTX. And I don't know who is
the biggest holder probably is who will be or can be even by an end. You know, if they if they if there's a big player that sells this token and there's some liquidation problem like a lot of leverage, we can see the same what happened with 50 T, you know what I mean.
So then they start to be in solving.
Yeah, and yeah, it's the same thing. It's pretty similar to cases. I actually don't know anything about the talking that they have with their exposed in with a player like Panace that holds
I'm a major portion of their supplies so this can be pretty dangerous as well. It can be like I have to see situation I would save. But I don't have any enough of this info.
Good, Hermes, Danny. Have anything to add to it? I would say that Wobbi is like preparing to be sold. That's my bet. I bet that they are kind of making their numbers better. That's why they are firing a lot of people.
They are trying to have a more concess operation, so it looks more profitable. Or they are leaving in negotiations and it was demanded by the buyers. That's how I see it. I see like they are preparing to be sold.
Let's just hope not for Binance. I cannot stand by and it's nominating more than markets. Please, please be to other exchange
Yeah, we tapped into this when Binance offered to buy FTX at this moment. We talked a lot about monopoly and stuff like that and how they could create a conglomerate that
Now, rule would rule that the centralized exchange rule. And yeah, I think this is kind of worrying at this point. Yeah, but just waiting and hoping that everything is okay with Huawei. Even though I
I'm not advocating for any centralized exchange here. And I never really trusted exchanges in the
that operated in China once, I believe that they have some some agendas to follow as well. If I go if we're going to go, feel free.
No, I think there's just things sent behind too. You know, like he was think a counselor or a big share holder of WOLVY. And then there was this move, I don't know why.
that they're forcing all the employees to accept stablecoins, not like the Fiat money. And then they start to revolt all that, and then who will be fired 20% of their staff. But
We need to see, for example, if you go to Nance and Dashboard, you can see that one of the biggest reserves of Wobie is the TRX, the Tron token. So after this move, just in Sam's
and like $200 million to WoWB. So probably he doesn't want a lot of WoWB selling a lot of Trump token, you know what I mean? So he's trying to secure the price of Trump.
Yeah, Justin's shown it's a player that most people don't trust as well. So it's kind of, yeah, I know that this movement is to protect the French prices. But yeah, I think that
Well, a lot of people don't trust their behavior at this point. But guys, thank you for being here in your GM, NiftyFi, and Nals Brazil. It's always a pleasure
to be with you guys here. Say GM with you guys and start this whole new week with you. Thank you. And what a nice GM today isn't it? A lot of people here. Yeah. Exactly. Thank you.
guys were being here. It's always. It's the summer that never never it's the summer that doesn't really like
It's not a summer at all. Lately I've been looking for like frogs and and swamp collections because that's all I feel you know I feel like I don't want to draw I want to buy a dolphin collection a frog collection
I'm going to have a bowl of 12 action stuff like that because it's been impossible man. I'm growing fungles. Thank you guys for being here. See you tomorrow guys. Bye. See you guys.