Hey, friend, how are you?
Get up here. The dying? But okay, I think I'll survive. Thank you so much for participating today. Of course I will.
Yeah, it's called here, right? Like I'm not I was not expecting to be this quote in the other zone. Oh, today because yesterday was very very very hot. Yeah, because it wasn't in Quiddituba.
Yeah, yeah, eight degrees. Yeah, eight. Yeah, so have you been following like what's happening like?
into crypto Well, crazy days crazy days. I saw some some news about it, but Well, I want to I want to hear a little about your opinion
Yeah, so I don't know like we started talking about this yesterday on our Twitter spaces in U.S.5 but I think we I think like nobody saw what what like nobody thought that what what come could happen like
We were talking about like, yeah, so FTF, CZ, what can happen, what cannot happen, like Binance versus FTF, but I got to confess that the proposition to buy FTF was something that I wouldn't
imagine like I was not expecting that to happen and it took me by surprise I got a confess I was like very very not affected because it didn't affect my money I don't have any money on centralized exchange but affected me like
like worrying about what a lot of people will suffer about because of this. Hey, I miss. How are you, my friend? Hello, hello, my brother, Kuri. Hello, Danny. Hello, Philippine.
We are all Brazilians but we are here to try to improve our English skills. So it's important to amplify our range. So yeah, man, did this FTX thing is far from the end.
Everybody, mainly in the US seem to be freaking out. I am not freaking out that bad. I don't think that it will be that bad as a lot of people are expecting it to be. We will see. It's looking like a black Friday for me.
Yeah, yeah, yeah, I don't know man. It like I was on a call with some friends when I got the news that Binance was planning on like that FTX like basket Binance for help so they probably don't go into
solvent, I don't know if they will not go in solvent, but yeah, and it took me really by surprise I got really affected like imagine what, what, like what's happening because of course we just see what's on the surface, we don't see like what's really really happening
with this centralized exchange. So man, it was like something that really took on my mind all day. I got really affected on a mental level, not on a... Look, Siafi is here, the man the legend. Siafi, you just wanted to
to do GMNify with your personal profile today, that's why you asked me to host this. Yeah, exactly. GMGM for everyone, guys. I thought I wouldn't make it, but I actually made it. Oh, guys.
Before I've started talking about this fight, this fight's approach in Binance and FTX, I want to say something very very important about NIFT
It's not that tomorrow is my birthday, but today we are going to start a collection championship again. So, well, I love this time of years that we start this championship.
NFTs. So, well, we can see BFB supply call, we can see Reddit, NFTs, well, some very, very nice collections. And you can cast your vote through Twitter and through
stories, Instagram stories as well. Well, I'm very very excited. I just want to vote. I already have my my favorite one. Cool pets like cool pets. It's just polygon in FTs. Okay, okay, yeah, yeah, yeah, yeah, yeah, yeah.
FB, FB, Spicol4s. But well, stay tuned because we are going to start it very soon. That's nice, that's nice. Thanks for informing us that that's really really nice. Yeah, so that's going to be a tough one.
for me I really like BFB supply but I just love Reddit so it's going to be something hard to me but yeah that's awesome that's awesome we are always working we are always building and we are always trying to get new things done here so
Let's come back to what's happening to crypto this day. Hermi said that he thinks we are going to discount on our crypto assets. How about you, Victor? What do you think about all the crazy things?
is that happening here? And I'm not going to say just what's happening with FTX and minus, but also we are seeing some very shady shit happen with Solana. We are seeing a lot of things happening
So yeah, be told what I thought about all this.
Well, it's said, I'll say that it's pretty sad afterwards. It's a major player of crypto being totally unable to sustain 3 days of liquidity pressure. So I think that's really bad. It's a big player.
and the player that have a lot of name in the American market that's the biggest market for sure. And yeah, I think it's overall I think it's sad for the ecosystem. I think that yes, this kind of things happen, Luna Crashet, but overall sad.
Yeah, yeah, yeah, I think Hermes have some some not contrary opinion, but something not quite the same. So, so, Hermes, if you just yeah, yeah, yeah, go ahead, please. Yeah, hey guys. So I heard a little about the Amstotts, I would say.
is a nice opportunity is anticipated to Black Friday for us I would say the problem is my mind is because in a couple of days in the future we can have another Black Friday like we have minus 20% today
and tomorrow a new minus 20%. You know? So, this is the next moment to to review your strategy to buy assets. They are phrases they say just on when they
The waves get low, you know who are swimming naked. I'm not sure if you understand me. But just, we've got problems like this. Like, lots of minus 20% we can see.
Who was up to surf this wave? This is my point for what has happened. Something you said, like I was hearing yesterday,
with live streaming about that was happening, that it is happening and something like really stuck on my mind because like Binoc is by far the biggest X-Change, centralized X-Change in the world, like by far and far and far and like we have FTX, we
have where we had ftx we have my point base but I don't think like the path for us for crypto to evolve is like just getting some major exchange to buy out like other exchange like minus did with ftx but they can also like
Basically do the same thing with almost all other exchanges they can buy their tokens they can buy like buy a lot of things and Not all exchange but a lot of exchange so it's something that really really Like makes me me worry But I don't I don't think like the path for crypto to have
is like just one big big big big exchange and like some other ones that basically doesn't like doesn't get like what this biggest one is like it's really really thoughtful for me but then you like don't know or
What happened is that FTX was working basically.
Basically, you know, they were using their talking as a collateral, which is something like not new at all. Everybody knows that you can do things like that. You can kind of create guarantees based on only your words.
And it was a very poor decision, very cheapical from this type of company, mainly in the US, abusing the market to take advantage.
and have a growth that isn't sustainable. So what we are seeing here is the marketing general will gain in transparency. CZ has already said that they will not do that anymore. They will not use their tokens as collateral, as being
has never been used as collateral. So I believe that that will be very positive in the long term. And I'm very confident that this bouncing down is just like a reflection of a lot of people who are disappointed who have
lost money because a lot of people have lost money. I have seen some friends in the service that I am like complaining about losing relatively significant amounts of money. So of course that when things like that happen a lot of people are like down or they lost their
their assets, they lost their confidence, the power of bargaining, things like that. But I'm very sure that the market is bouncing up soon enough. This is something like, it's not enough to mind the
the trust in this small recurring that we were having before that. That's my thoughts, of course, no financial advice at all and I'm just a guy. I'm not even that educated, the crypto, so my thoughts come.
Yeah, yeah, yeah. Yeah, it's something like to find words to express what you are thinking like. That's it for now. See you if you want to talk. Go ahead, please.
Yeah, I just just wouldn't say that make no mistake it's not only tomorrow, only yesterday but we will be today and tomorrow this I think that the shoot show didn't stop at the end
Yeah, yeah, and like just to clarify because I I saw a lot of people talking that Binance already bought FTX and that's not the case they signed by basically I don't know like a letter of intent. Yeah, no, no biting letter of intent. So if if things
All that's going to happen is going to happen after the Binance team do some dual diligence regarding FTX, FTX assets and everything like everything from FTX. So Binance is not by FTX yet and they can't
still like refuse to bite in the future and that and if they do that I think like that that we are going probably going to see like another downfall in the market but we do want to step here. Yeah that's the like that we have we have more lawyers here in the room than any other thing for
But yeah, just to tap into what FTX crash can have what will cause in the market. I think that I was in the spaces and they ask it if something like Luna, I don't think that is something similar to a situation.
definitely is something more like lemon broader situation. I think that's the worst case because we have a lot of contagious that. So we have a lot of we can have a lot of credits crisis with a lot of players that are subjective
to expose to Alameda and FTX such as Solana and the guys that are exposing Solana so we can have a domino effect in possible contamination of the whole sector of our market.
This is not to allow me you guys, but it's just to understand that keep your moves now safer in your movements. Less whiskey and more love more your money.
this time this time you be careful don't don't trade thinking that you are more smart in the market you weren't yeah yeah nice it please go ahead please please this is a nice advice nice
Lots of times we face some situations that they are a project that they are giving you like 2%/2% the normal Mac. I am talking about the normal.
the usual MAC to like shares or fix. I don't know how it's said this like the commons investments. So sometimes it happens a lot of times you think, okay, there is a new company that gives me like 7% per month.
And I am smarter than they ever buy. I will if I saw my money here. So when we think that we are smarter than the market, the full market, we, many of times we can like get better
You know, sorry, not better in bad reality because the dreams of become rich in a couple of days, you have a big problem. This is on my points and I would say it is a nice advice. This is a moment
to stay safe, but if you are aware and want to invest against the the the the way we are going to tip so go on man. Yeah, I just want to add some perspective on that because I believe that most of us we the the so ours
sources of information. Most of the time like from the US, the influencers, the people that we follow, the ecosystem, mainly, Web3 ecosystem is, I would say at least in my experience,
and the places that I go to are more related to the US. But I'm seeing a lot of people out of WebTree and I mean, all of the NFTs that are existing. They are like very optimistic about that because what is happening is that
we are moving FDX from the insolvence to the solvence. Now they have liquidity and everybody will receive their money. We are walking through a more safe environment soon enough. And I'm seeing a lot of people very confident in
bounce back. This being like the the less down move, you know. And I don't know man, I'm feeling confident. I don't see this this role situation as like something that will will be like the start of a
a worse scenario like for real. I'm seeing that as like the final the final chance for for everybody to to like feel their bags. I'm not doing that because I don't even have money to invest but I do
I don't like to make my strategy always by a little from time to time. I think that this is what works for me. I don't like to take big risks, but I'm more optimistic about that. I see that a lot of
of people very concerned, but I'm more optimistic. Sorry Danny, I just so that you raised your hand. Sorry. No, no worries. I just raised my hand again. Sorry. I was just saying that I'm happy to see a lift to fight that here. Just it.
Yeah, definitely. It's amazing. I was talking to Dani and Victor yesterday, the team participating here, this did really. So thank you so much for the help. The harmony is Dani, it's your thing and everyone that's here. But just to point out something,
something else. I don't know if you guys are following along what's happening with Solano, basically a lot of tokens that are stake-hit. I think this taking are getting off in the next... I don't know how
works, I don't use this chain, but basically to longer read, in 18 hours we are going to see a lot of talking souls floating in the market, so I'm not giving any financial advice here.
I don't know nothing about market but I probably think that we are going to see some downfall and not only on Solana but it probably affect more tokens and more of the crypto marketing market. And I don't think like we've got them yet. I think
this story is going to take a while to digest and so that people start to be confident on crypto again. Victor, go ahead, please. I think that to summarize what this means yesterday
and what the days ahead will mean to the ecosystem is that web trees is stronger, I would say mostly because of the conferences in Portugal, web something like that, I heard a lot of people saying that
that the web tree was very, very present there. Most people didn't know what was but they were talking about and that's huge because web summit is something that moves web companies and people in the internet that are doing things
and creating stuff. So basically, I would say that it's a huge, huge, it was a sad day but making me think it was not a bad day. It can be a disastrous day for a lot of players, can liquidate a lot of positions and can
really affect how liquidity and credit in this market will behave in the future. But to say that it's important to remember that it's classified in Fintech and crypto banks
have the same mistake they do the same mistakes all over again with your money not with their money and DeFi came out of this mass stronger because it's always sovent it's your money and they
They can't fight with their money. They are fighting you were you were so very so yeah FTX and Binance were fighting with the money of their users Yeah, just recap something that I said like Basically one billion dollars of worth
of Solana it's going to be unlocked in the next 24 hours because probably people are trying to start to change their minds about what's the future of Solana. How much? 1 billion dollars worth of Solana. No, no, 1 billion of Solana, sorry, sorry, sorry. It's
Let me check here. I don't know exactly how much is that in dollars because I don't know which price of Solona right now. But basically, the video of Solona is going to be unlocking the next 24 hours. So we're probably going to see some volatility in crypto markets.
So please be cautious as Victor said. Don't do anything crazy. Don't do anything crazy that you can expect and you can support the outcome of that. I don't know if anyone wants to say something like to end up like our 2-D spaces 2-D spaces.
today, but I'm just going to leave this message here that, like, please be cautious, please have your own custody of your assets, that's the number one ruling crypto, not your keys, not your coins. So always try to do your best to have your own
coins and tokens like with you with your own like Property not with some centralized exchange So that's it guys Let's pray for for better days here not only financial terms, but in the ecosystem as a whole and see you guys tomorrow
Bye bye. See you guys. See you friends. Jam Jam guys have a great day ahead. Jam friends, thank you.