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HBAR Open Mic! ๐๏ธ๐ข
Recorded: March 4, 2026 Duration: 1:11:09Space Recording
Full Transcription
Thank you. Thank you. I don't know how I did the music last time actually, so I don't know if anybody wants
to play some tunes.
Maybe Patrick or Joe, do you guys know how to manage that? I don't know if anybody wants to play some tunes.
Maybe Patrick or Joe.
Do you guys know how to manage that?
I have no clue.
I do, but I'm not inside right now.
All right, I'll try something. Hold on. Meanwhile, love, like, retweet the space will help more people get in.
I would play something, but all of my music is like hip-hop gangster rap so I don't know what's family.
Well, I've got something summerish because it's almost like a summer day here and it's Dutch.
Well, sort of. It's not completely Dutch lyrics-wise but it's uh from dutch artists so uh thumbs down from jk jk i hope
yeah maybe you are dutch or maybe you aren't uh and you just don't like that
or maybe you are dutch and you don't like your own culture
well he's from the south of the united states he's in the southern u.s
okay fine well okay here we go. Let's see.
Can you hear this? oh
super super clean uh
yes oh Oh *** uh
my baby oh
watch
oh All right.
That was it.
I don't know what the quality was like, but I hope you enjoyed it.
And even though this was Dutch, I'm pretty sure Patrick didn't understand the word of it.
What's it about? It wasn't even dutch man i i didn't understand i heard some french words it's that's not dutch music but at least jk uh can pull his thumb up again because i think this
is more his style and you know i'm very vocal about what i like and this is not my style
but that's the beauty of music, you know.
Everyone can like what they want, so it's okay.
If there's French in it, is it Flemish?
Could it be Belgium?
No, no, it's just rubbish Dutch pop group.
I shouldn't say that.
Some people like it.
Sorry, sorry.
It's not even a pop group.
Usually I don't really listen to this stuff either,
but actually it's a Dutch football player
who also decided to make some music
together with a more famous Dutch musician.
But it's just summery.
And I don't know what it's like over at yours,
but today it's all sun.
No clouds up here.
And tomorrow actually I'm flying to Madrid, to Spain.
And it's a couple degrees Celsius cooler than here.
And it will be raining the entire weekend.
And it'll be lovely in the Netherlands.
So wrong timing there.
But yeah, Patrick.
Oh, Joe, go ahead.
23 degrees Celsius
here today
Oh wow
That's nice and hot
Where you at?
Again you told me many times
but I keep forgetting
It's just states
East of Atlanta, Georgia
Atlanta is easiest to find on the map
So we consider this
nice warm weather.
Hot here is like, what is it like?
100 with 100% humidity.
33 with 100% humidity, which will be here sooner than I want it.
Well, nice. Yeah, cool. all right well nice um yeah cool so well as uh i think patrick said if you haven't done so already
and make sure you like the space leave a comment and repost it we need the extra
eyes eyeballs on the space because of course usually it's on Thursday and today is Wednesday.
Yeah, because I'm flying tomorrow and I didn't want to miss another one because I missed a couple lately.
So yeah, we could use some extra attention.
Other than that.
Where are you headed off to?
I just told you to Spain, to Madrid.
Oh, I didn't hear that. I just heard I'm flying tomorrow. Ah, okay. Yeah, now I'm going to Spain, to Madrid. Oh, I didn't hear that. I just heard I'm flying tomorrow.
Ah, okay.
Yep, now I'm going to Spain.
Two of my best friends and I decided to go away for a weekend before the little one arrives in June.
So, yeah.
We haven't felt too much about the destination.
One of them said, let's go to Madrid.
And we were like, yeah, fine.
It doesn't really matter where we go. we'll end up doing the same thing anyway just sitting on the terrace with a couple of beers playing cards so uh yeah it'll be
well it would have helped if it was sunny but we'll make the best of it
all right uh we've got some news to cover as well so uh let's almost get into that
monster welcome up on stage two uh how's your day going how's your week going how's life
it's good new um doing well it's rainy here today i'm in the midwest um i used to live in the south
i used to live in arkansas so i understand the 100 and 100 humidity very well because i did
it as a welder too joe it sucked really bad but anyways week's going all right um you know i just
i diversify a lot so you know i'm not just into crypto i'm into pokemon i'm into gold and silver
and so i've just been looking for deals on gold bags and pokemon i go to the store on my lunch
and look if they got something on the shelf i put put it in the safe. But, you know, just just trying to keep creating
and moving forward as the market progresses. You know, it's not always the most attractive
time right now, but it's very important to still stay relevant and stay active and keep trying to
post here and there. You know, that way you're not dying off in the bear when you should be
building. So but it's going all right now. I appreciate you asking, brother. I hope your trip here and there um you know that way you're not dying off in the bear when you should be building
so but it's going all right new i appreciate you asking brother i hope your trip goes well to spain
um maybe you should get out on some bikes man maybe and take a little um adventure on a bike
path somewhere i always used to like to do that when i was in europe i would try to find a bike
path and you know go 10 kilometers somewhere and see something new yeah no that's just a great idea
i mean um we used to bike a lot in the netherlands over here so it's not necessarily something
we think about when going somewhere else um but it's definitely definitely easy you're in um
most of the the bigger cities in Europe you have these electrical steps now steps
scooters electrical scooters
So those are are
Yeah, you can just grab those and and scoot everywhere
so That's nice as well
So yeah, but tell us a little bit more about what things are like with monster. Oh
That's good, man.
You know, I'm just a creator.
Monsta is all about just having fun and making memes.
I'm not a toolkit creator.
I'm not a coder.
I just try to stay relevant,
and that way when the market does get hot,
that I'm still around.
I'm still supporting my investors.
I have never sold a Monsta token, by the way.
And so I keep trying to allocate a little money into it when I can.
So other than that, man, I'm just here creating content.
Also, though, New, I don't know if you know this.
I recently got a copyright on the character image.
So the little green guy that represents the memes, I have a copyright on that.
And so I'm trying to figure out a direction to take that. I'm thinking clothes, you know, clothes are easy,
merch is easy for people. But I do think Monsta is so cute and like memeable, like it could actually
build a small brand, like especially with skateboarders, or something in the grunge scene,
you know, so I'm trying to figure out what to do with my copyright at this point
because to me it's a big deal.
It's kind of a big personal time investment, you know.
So I'm always going to be around with it, if that makes sense.
Nice.
So are you personally in, like, the grunge scene or are you a skater?
I used to skate.
I wasn't the best at, like, doing because i'm like six two i think being really tall affects that um but i used to skate um i'm
big into thrasher i don't know if you know thrasher clothing brand or not thrasher um um
sketchy tank sketchy tank look up sketchy tank i really like their clothes and stuff like that What was it called? the genre that you just mentioned
the clothing brand that i was talking about oh yeah the clothing
sketchy tank sketchy tank yeah they make the best clothes bro i'll take it out never heard of it
jordan welcome man
morning guys how's it going where have you been on my life
i know right like i'm wondering like is today wednesday there's a kabila space but is it
thursday like i feel like we had to catch you off guard so you would come join us i was like
hold on a second like am i like about to like did I just miss my whole Wednesday? That's like literally what I was thinking.
I had to double check. Is it Wednesday? Like, am I about, like,
I'm literally about to go into physical therapy right now.
And I was like, hold on a second. Am I like the wrong, is it the wrong day?
So apologies. I don't have very long.
I got to get into physical therapy right now, but, um,
I was going to say happy hump day.
And then I was like, hold on, it's Friday's Eve.
And then I was like, oh, geez, now I'm all confused.
But thanks for having me up, guys.
I have just a really quick bit of news and then a quick question actually for you and you.
So I'm not sure if you guys saw the news about the Farmers Union collaboration with Lenny.
Or are you guys familiar with the Farmers Union over on XRPL by chance?
Yeah, yeah, I am.
Okay, cool, yeah.
One of the bigger projects over there.
So they opened up Hedera Crop Dusting,
and by that I mean the farm basically airdrops tokens that they buy up
and that they also have donated from projects
and then they distribute it to their top holders on xrpl and they have a platform where you link
your xrpl and hedera wallets and all you got to do to do that is just simply put in your wallet id
you don't have to like connect or anything. It's literally just putting the ID in after connecting your Zaman or Joey wallet.
Um, and then you're connected.
And as long as you hold the farm token requirements for the crop dust, then you
receive whatever the crop dust is for that round.
So Hedera airdrops are opening up and Lenny is the first token there.
Um, they will be starting that on Friday.
So if you hold at least 589,000 farm,
make sure y'all go in and put your Hedera wallet in.
And Kabila had a quick question that they were actually asking me.
They were exploring the different tools to facilitate that
while they were building their own tool on the Hedera side.
They were looking at Kabila and had a quick question.
If they were to use Kabila's airdrop feature,
where they would just put in the IDs manually,
if they were to airdrop those,
would it show up in the hashback inbox system
where you don't have to have like either unlimited associate
or the token enabled.
Sorry, was that a yes?
No, sorry, my wife was calling me twice.
Oh no, you're good. But I hung up, but still, I think I heard the question, though.
It was about if they use Kabula Tools to airdrop the crop dust thing,
if it shows up in the Aspect Inbox, right?
Right, yeah, if they don't have either unlimited associate enabled
or the token associated.
Yeah, no, that's all just HGS.
So it doesn't really matter which tool provider you use.
If you use Kabbalah tools, it'll show up in Kabbalah Inbox,
Hashback Inbox, just the same.
Okay, perfect.
Yeah, in the past when I've done it, it didn't work,
but that was right when the Inbox was just like on live on the network.
And I can't remember the exact terminology. I know it's not an inbox, but I just think of it as an inbox because it's just easier to think about it that way.
But yeah, I'll let them know that. And they'll probably in that case be using Kabila to facilitate at least the first airdrop.
And then there'll be the first drop this week, and then there will be more drops down the road.
So if you don't catch the first one, you have some chances down the road to learn more about XRPL, continue exploring there.
But if you've already been exploring,
Kansas is already familiar with Farm and the Farmers Union.
And if not, this is your chance to look a little into it.
Obviously not financial advice,
but the guy behind it is an actual financial advisor.
So take that with a grain of salt, I guess.
He's a great guy.
He goes by Cookie.
I actually had a video call with him the other day.
And yeah, he's just a phenomenal guy.
He has nothing but good things to say about him.
And so I actually do have to bounce.
I got to get into physical therapy, but appreciate you popping me up.
I got a question real quick, Jordan.
Is the crop death, is there an element of humor to that?
Just double checking.
Oh, yeah, of course.
Yeah, the tractor has little fumes that come out.
And yeah, it's great.
Because New, I don't think.
New, do you understand what crop dusting is?
Other than the literal meaning?
Yeah, I think that's a good question.
I thought, well, I'm not sure now now I don't think so it's when somebody like farts
near a bunch of other people and walks away so they're drop dusting on Hedera
is what they're just thought I'd need to clarify that. Yeah, no, good call. I definitely didn't know that.
No, I thought
it was just, I don't know,
something with farming, but...
Oh, yeah, there's
dual meanings if you're American, I guess.
All right, Jordan, we'll get back to your
physical rehab, bro. Good luck with that.
Hope that goes well.
Thanks, guys. happy hump day later
later jordan how nice guys so this is how consistent we are people are confused
thinking they got the date wrong um just because we're doing the uh the space on the on the
wednesday instead of a thursday that's compliment, but we shouldn't do it too often though because
Yeah, gotta keep this lot covered on the Thursdays
All right, we got silk suite up as well. Thanks for joining
How are you doing? I think we got J man
It's J man knew what's good
Earthlings Joe H. What's good new what's good earthlings joe h what's good what's good yeah dude i'm thrown
i'm thrown i was like wait what i'm like what's going on uh and uh i i ended up putting the
pieces together i was like oh they switched they switched so i guess the site space is still
happening but it's happening tomorrow.
So, I'm just glad I caught it.
I'm just glad I caught it.
How is everybody?
Good, bro.
It's good to see you up here.
Monster, what's good?
Yeah, I've got a couple things And also I saw something too
That I saw was pretty
That I thought was pretty interesting
That I want to
Bring up as well
That's like not related to Silk
That's H-Bar
Related
But yeah, I've got
I've got some stuff
That was interesting man Let's dive into it straight away I've got some stuff.
That was interesting, man.
Let's dive into it straight away.
Okay, cool.
Awesome.
Great.
It's a little bit windy.
So I'm actually in Florida for the week.
I came out here with my parents, spending some quality time with the family.
And I'm actually outside so I'm not bothering everybody in the house with my Web3 life.
So, yeah, I apologize in advance for the wind. But, yeah, we actually yesterday just added another $666,000 worth of liquidity to the Silk token.
So, it's our third injection now in 14 days i mean
it's day 15 now but as of yesterday within 14 days they had injected 2.766 million dollars in
liquidity so i'm very happy to announce that the liquidity continues to roll in
they've got another injection coming next week that will be quite substantial as well um also
about three times more wallets are trading on silk since the protocol token launch with about
two to three times higher daily volume compared to pre-launch. So we're
getting like a really, really great response. I just wanted to make people aware of that here,
keep people plugged in. A lot of this stuff too, guys, is information that I'll get from the Monday
community space that Silk Suite runs. Fatboy actually runs it um so come chill you know anytime
um you you have you know a moment to to plug in um it's not usually recorded uh but don't worry
you'll you'll i'm sure you'll run into me here and there and the web3 eththers talking about some of this stuff. We are, this week, I just looked on the website to see whether or not it was closed yet.
I have to connect my wallet to make sure one way or the other, but I know they are imminently
closing the fabric claim, this first fabric claim that they're doing.
They've had it open for several weeks and they
are, they always said, we're going to only keep it open for a few weeks. This, this first claim,
most people did swap their fabric for silk. They came out with $55,000 worth of, uh, claimable
silk for this round. Um, so if you haven't done that yet see whether or not you
could still do that on the website it's closing imminently if it hasn't been
closed yet it's closing imminently so get on that because moving forward every
six months that window is going to reopen for people that have accrued
fabric through liquidity provision and through swapping and other platform usage.
It'll be once every six months where you can claim that.
So I wanted to put that bug in people's ears.
Also, they came out with the announcement that any pool over $1,000 in liquidity
is going to be rewarded moving forwards anywhere from 10% to 80% APY based on trading volume. And these rewards
will be paid out monthly. The silk pools are going to get a 5% bonus, just so you guys know.
So if it is a liquidity pool where you've paired with silk, that instantly gets a 5% bump. And the next tranche of silk
escrow NFT payouts will be going out approximately March 18th, along with the liquidity pool
rewards that have been accrued over that time period. So March 18th,
give or take a day, you know, the NFT, escrow NFTs had their first payout when we launched the
token February 17th. So they've got 12 payouts total. And that second tranche will come,
give or take a day, March 18th. So keep your eye out on that as well.
But definitely some really exciting stuff,
you know, with this third liquidity provision,
really putting our money where our mouth is,
coming in hot with, you know,
a TVL impact on Hedera that's meaningful and really opens the door.
You know, we basically plopped a new great base pair option
in everybody's laps overnight.
So check us out, all new UI when we launched,
V2 Tech Stack when we launched,
we added permissionless LP creation when we launched.
So much happened over the last couple of weeks. $10,000 buyback. I mentioned that
last week. But we also do have a traders leaderboard now as well. Make sure to check out
please don't stare dot XYZ and go to silky stats. There's a ton of silk Suite analytics that Houdini has built out,
some of which are actually directly built
into the Silk Suite website.
But yeah, please don't stare.xyz,
go to SilkyStats for some information on that.
And then I don't know if Monsta has a question,
but then I can bring up the other thing too
after if anybody has any questions. yeah i did have i was just curious if my shiny new returnals will
ever have an attachment to the silk token just curious maybe a hint
so i i long story short i don't so i'm going to speak as J-Man now, because I do own Returnals NFTs, I am, I am a holder in that project, I don't officially represent them.
So, not that I know of, but, stepping back, connecting some dots, you know, this is me now, completely unofficial capacity.
You know, this is me now, completely unofficial capacity.
I wouldn't be surprised, man.
You know what I mean?
I mean, I think that's part of why I'm bullish on Returnals,
is that, you know, this is a project that is done by the founder,
by the creator of Silk Suite.
And I think that opens a lot of really interesting doors and possibilities.
We'll see which ones he walks through.
I don't
know, but very, very excited, long story short, as a holder to see whether or not anything will
happen in that regard. But that's just me as J-Man speaking, speculating um you know wondering as like a community member um because i'm not even
like a marketer let alone a brand ambassador for that project but um loving the art loving uh
loving what they're doing with please don't stare mechanism and everything
um excited for the future of of returnals for sure thank you brother all. Alright, so maybe could you tell us a little bit more about liquidity
injections and for those who are listening and maybe wondering about strategy there, like is it
the more the better? How can one think about liquidity, how much to provide, and what are the decisions that
have to be made when setting it up?
And then I mean those pools that you're now supplying.
Yeah, for sure, for sure.
And I see Nick and Houdini in the crowd as well.
So if either of them want to jump up to and dig a little bit more into the technical side of the decisions of why they made the decisions of how to roll this out the way that, you know, Nick is not part of the project or part of the company at all, but has a really great understanding of how liquidity provision should work through his own project soot so i'm sure he
has some insights but houdini is uh on the team and i know he was involved directly in some of
the decisions i do know i'll speak on one thing that first injection um where they did 800 000 800,000 in the HBAR Silk pool and then 200,000 in the USDC Silk pool. That is actually
outside of my involvement with Silk and just my own kind of general understanding of liquidity
provision and what's healthy for a token. That is a common move that people that know what they're doing will make, where they will set up a healthy, substantial, but not too substantial USDC pool associated with the coin.
Because it allows people to move directly out.
A lot of people who trade, they want to move in and out of a stable and uh that
provides a direct route for that to occur and it also tends to kind of ground the price a little
bit um if if things are to roll over really hard you've got that that small representation of your
token with usdc and that helps to keep things a little bit more stable and healthy.
I know the second injection that they did was spread across USDC, HBAR, and HSuite.
So they are, and I believe that the HSuite, Houdini's up here,
but my looking outside in, my speculation on that would be in regards to involving H suite.
Because I believe that pool was either 250,000 or 500,000 total USD value.
So it's substantial what they did with the H suite involvement on the second liquidity tranche.
did with with the h suite involvement on the second liquidity tranche um that to me would be um
to uh provide value to h suite actually um in regards to you know providing something that's
that's behaving very stably silk has been very stable uh uh post-launch um i believe last i
checked the market caps around 22 23 million um so So, you know, with H suite being the token of the service provider behind the V2 tech stack, that would be my thinking and understanding behind involving H suite in a substantial way in the pools as well.
uh but yeah who do you need popped up too if he wants to dig in a little bit because i know he's
like really really been like the point guy behind how this liquidity has been uh being rolled out
yeah definitely and uh nick requested as well he was up on stage but then he um
fell down again he's back now so who do you need nick uh mike to either of you welcome both good morning glad i heard you guys talking
got a couple minutes i hope everybody's well um yeah liquidity wise um jayman you know said
said all the right things for the most part there uh you know a token if you want stability you want
to have sort of um substantial liquidity when compared to how much is in retail's wallets and a diverse
set of liquidity you don't want it all in one token you know just just like anything you want
some diversity sounds good uh nick you're there as well yeah gm everybody thanks for having me um yeah uh yeah i
mean jman kind of covered covered a lot of it um houdini also but um yeah i mean one thing that i
would say is like with the the usdc pool um the the stables are really nice.
Trading may be less great for liquidity provision
because we constantly have an affirmative loss.
Nick, we can't hear you well, yeah.
Half that liquidity side is just never going to grow or change at all. And that's why you usually see higher rewards with stable pools,
just because, yeah, they're getting volume, but also some of the rewards have to make up for the
impermanent loss. So keep that in mind just when you're providing two-sided liquidity.
You're always going to have to keep impermanent loss on your mind.
But also, yeah, one of the things that I'm most excited about with the silk pools is just like, you know, I can't wait for people to start.
I know Jordan has created his Lenny silk pool.
Like, I think HBAR Prime, I think they have a silk pool too.
It's cool to see a few a few of them popping up
like the more the merrier really um especially with these dex tokens um i think it's really
really great to pair up your ecosystem tokens your meme tokens with with silk because you know
people get rewards from the decks you know and and it's a great way to get people participating in your
token economy as well so do if you have a project for christ's sake create a silk pool
i'm also really looking forward to whenever silk gets around to creating those main main token
pairs like um uh i know h suite silk is already there but like you know let's get let's
get kbl silk in there let's get uh let's get pack silk let's get uh soft silk why not like let's
give people some things to pair up and uh because that's the thing too is like i think that there
are a lot of people in the hbar community sitting there with tokens maybe they just got some silk you know maybe they've got some tokens kicking around in
their wallet the biggest barrier is pool creation so get out there create a pool for your token
it'll help your token it's you know it's a fees pretty minimal but it's it's really great and then
it gets the community together like pairing up liquidity adding adding that liquidity to the
ecosystem adding that liquidity to the decks people can then earn rewards on their you know whatever
they're pairing up with silk so i'm excited for that um and yeah so get in there pair up your
tokens and uh silk suite get on them get on them pairs man i. Yeah. A week and a half till first rewards drop.
That website link that J-Man shared earlier,
there's a page on there that shows the dynamic APY,
changes every minute with every trade.
The question about where to put liquidity,
that page is going to answer that.
It shows the whole formula,
what each token that's eligible stands to earn
over a rolling 30-day average.
And you'll see
there's a dynamic right um tvl has the most weight like it like it should with a2y but then there's a around 20 weighting factor for the volume the pool does versus the tvl so a giant pool, say, so gauge part pool with one and a half million in liquidity in it,
that pool needs to produce a lot of volume to get a super high APR rate, right? But pool like soot,
mixed pool with, you know, five grand in liquidity, whatever it is, that pool can produce, you know,
half that in volume or more volume than it has in liquidity
that pool is going to earn a higher apy right so if there's 5k in liquidity that pool over the
course of the year could earn more than that um and potentially you know 100 return basically on
the liquidity provided for everyone and that's achieved by basically um trimming a little bit off the top
in rewards to those that silk hbar pool and pools like it and distributing that down the chain
across all the pools you know you can trim two percent off the top and that makes a huge
difference to smaller pools community tokens tokens, community founders.
And correct me if I'm wrong too, Houdini,
but new, I know too, like, if you look on the analytics page, please don't stare dot XYZ slash silk,
but you'll see it says silky stats right on the landing page
when you go to please don't stare dot XYZ.
You know, at this time, you've got a market cap of $22.27 million on Silk.
And you've got a liquidity pool valued at $3.04 million.
So right now, we're, you know, standing, you know, near 15% market cap to liquidity ratio.
Houdini, correct me if I'm wrong, I know there's been a
strong focus on the back end to really have that ratio be in a place that's quite healthy and
respectable, you know, while still allowing for the token to be able to move's, it's important to have, I want to be able to buy a hundred thousand.
If I'm from the outside looking in, I want to be able to buy a hundred thousand dollars
of silk or sell a hundred thousand dollars of silk and not have that pump or dump the
price and allow me as a serious investor to get in or get out as I see fit.
Um, you know, Houdini, I don't know if you want to expand upon that at all, but my impression a serious investor to get in or get out as I see fit.
You know, Houdini, I don't know if you want to expand upon that at all,
but my impression has always been, and I've always respected the hell out of this, to really try to have that be in a place that's respectable and tokenomically sound,
that ratio between market cap and liquidity pool size.
Yeah, yeah, absolutely.
So, yeah, and you can throw the 100K number out there.
The way I saw it and sort of building it out was
having enough for every holder, every whale,
to be able to pull and the token would survive.
And that's like a doomsday scenario to plan for, right?
But the distribution on the SOAK token,
it's that controlled, right?
So over the first year, a little more,
if the DEX does the maximum volume estimated
and has the maximum liquidity in it
and gives back the maximum APY rewards
and gives back as many tokens as it possible we can over the time of projection it's still less than 10% of the token in retail volumes right and we still have.
David Price- You know the targets 30% in TVL so that's that three to one ratio so anytime yeah there's no run on the bank. There's a significant overhead there.
All right.
Well, thanks, guys, for explaining that, for coming up and talking a little bit about that.
I think it's interesting for people to hear a bit more about what thoughts and considerations
go into setting up those liquidity pools that I think
most of us here in the space use every once in a while. So thanks for that. Jeyman, you saw
something interesting as well. I'm curious, I definitely want to talk a little bit about
the Kraken announcement as well. Kraken becoming the first crypto exchange to gain access to the Federal Reserve's core payment system.
And you, it sounds like you linked that to HBAR as well.
Yes. Did I say all that earlier or did you just connect those dots like in the background?
I've been seeing some things as well.
I've been hearing some rumors in DMs too, so I connected those dots.
But go ahead, share your thoughts, man. I think that, you know, it was very interesting.
So for those that don't know, Kraken just came out and they announced that they've been granted a Federal Reserve Master Account.
So they now have direct access to as the first digital asset bank to the U.S. payment system.
asset bank to the US payment system. So that's huge. That's a bridge essentially that's been
created overnight between crypto and, you know, TradFi, global finance. So I saw a quote retweet
actually from Cynthia Loomis about that. And that caused me to dig in and shout out to Lady H. She actually
pinged me with that this morning and was like, oh my God, Kraken had just been talking about
H-Bar publicly. And I'm like, holy shit, you're right. So that's kind of me you know linking the two together you know you get
kraken coming out saying we're gonna fully support hbar people were like and it was a weird way that
they worded it too like it was it was almost more so of like yeah we'll support hbar everybody kind
of ended up landing on the fact that oh they, they're just trying to say they're going to support ecosystem tokens from from Hedera.
Okay, great. Awesome.
We kind of already knew that.
But like now reflecting in this moment, it's like it kind of more so is saying we're going to support the infrastructure, the hash graph itself and all that it brings to the table, because they also talked EVM as well
on Hedera. And so now it kind of feels like they've integrated Hedera in a way that's more
than just in regards to the ecosystem tokens and then to get this announcement,
you know, with them becoming a bridge through the Federal Reserve Master Account, it's just, at Hedera, uh, the hashgraph could be involved in that in some way.
The timing is uncanny.
Um, so I just felt like that was very relevant to bring up today.
Definitely interested to get other people's thoughts on that new.
That's why I was tripping out.
Cause when you just said everything you
just said new i was like did i like black out and like say something about it and not realize
uh but yeah so it sounds like you're kind of thinking similar along similar lines
yeah it makes sense why pack would be next on their roadmap to they they would need a um a decentralized wallet and even
when they add uh kpl um they've got to start with one and obviously hashback's the biggest one
on hedera so kind of all fits together
yeah and just like it's got me it's got me bullish on hbar y'all it really really does
uh just in general you know it's um you know i've spent the last month kind of really having my eyes
opened again and again and again as i go into these community spaces on XRPL and HBAR to just how much building's been
going on on the retail side of things but we're also seeing moves being made as well um on on the
institutional side of things also and uh in regards to things like PAC and KBL and SAUCE and you know SILK and all of these you know protocol tokens also too
it's it's there's been a lot of building going on during this quote-unquote bear so very
interested to see where where this where this all leads and I've just seen I've just seen nothing
bearish of late really honestly genuinely here nothing bearish of late in regards to HBARC
Yeah
Yeah, I don't know if anybody else wants to jump in of course
you can do so but
Yeah, I've also been hearing some things about
the Federal Reserve working on new
US-wide
payment rules
you know
there could be some big
things on the way and
I'm not sure how to
I haven't
really digested the complete article that Kraken came out with yet.
So I have to do that.
So because to me personally, it's not completely clear yet what exactly it means that Kraken has a Federal Reserve Master account.
I mean, could um have their salary deposited
to to their kraken account or you know what kind of things can we expect um but it's definitely
interesting and uh yeah um yeah i've been messing it up with some rumors i've been hearing so there
could be some some something really big in the pipeline for itedera. It goes a little bit deeper. Kraken moved from
Seattle to Wyoming,
and Wyoming is
also testing their
stablecoin on Hedera.
you know, a lot of things.
Oh, Joe, you're
cutting out? Or is it just me?
I was getting a call.
I know they love to talk about lore,
but I prefer to talk about actual things that are happening.
XRP has things happening.
Hedera has some things happening.
And I think a lot of it's centering around some of the U.S. brands,
trying to get things pushed.
And with the news coming out that Trump doesn't want the U.S. banks to ruin crypto because of stable rewards,
I think we're leaning in the right direction.
Now, obviously, that tilt has been going back and forth.
But today, I think we're leaning in a very strong direction.
Yep. All right. And we've got Brendan as well.
Glad you could make it still, Brendan.
We were just talking about the Kraken announcement with the Federal Reserve MasterCount.
We were speculating.
So, well, how are you doing?
And then can you share your thoughts as well with us?
Yeah, I was actually just at a parent's day for my kids.
What was the topic of the day here?
Well, we were talking about the federal crack and becoming the first digital asset bank to receive a Federal Reserve Master Account.
I got you.
I got you. I got you.
Yeah, I haven't actually dug into it so much.
I wish I could be more helpful on this one.
But yeah, I haven't really dug into it.
But certainly good considering Kraken is probably the top tier one exchange as far as supporting
Hedera assets.
Of course, we've had, or we had Dovu the other day get listed.
We have PAC, which will be next
from what I've heard coming through the grapevine it seems like this is going to continue we're
going to get continued support for other HTS assets I certainly want to get USDC supported
as well because you know that's that's important for a lot of the things that we're doing
on the stable coin front and payments and point of sale and all that kind of fun stuff. So, uh, yeah, but if that's the case, because I haven't dug into it yet, it's certainly good.
Yeah. I was saying to Brendan, I thought it was the timing, you know, of, of, uh, you know,
Kabila coming out and making that interestingly worded, you know, announcement about their support.
Oh, yeah, yeah, yeah, Kraken, I apologize.
What did I say?
You said Kabila, so...
Oh my god.
Okay, yeah, Freudian slip, Freudian slip.
You know, that Kraken made, you know, the timing of it is very interesting. Like, how involved is Hedera and the Hashgraph in this, potentially, in regards to these payment rails,
this bridge that, you know, has kind of popped up between, you know, the Federal Reserve and Kraken.
So, there could be something there.
It's a great point.
We also have things like FedNow choosing to feature drop.
That was a couple of years ago.
But we certainly have some good connections there.
Yeah, it certainly is.
I mean, there's two ways you can do it.
You can do it with a CBDC where the central bank is issuing the tokens, the stable coins themselves.
There's an awful lot of opposition to that in the United States.
And they've already said the Federal Reserve has already said that they would rather there be private issuance of stablecoins. So if we are going to build our digital payment rails of the future on stablecoins
privately issued, you know, this kind of thing is certainly pointing us in the right direction.
More conjecture at this point, as far as what the potential impact could be for Hedera. And I like,
because we are to the point where there's a lot more or there's a lot of things out there that we can really sink our teeth into.
You know, the things that FedEx is working on,
the things that Equity Lab is working on as far as AI data provenance.
So I just want to see how this stuff all kind of shakes out
before getting too excited about it.
But certainly considering the things I mentioned before,
the things that you said,
it could have us really excited here in the future
if things keep going the way they are.
Plenty of breadcrumbs, let's just say that.
There's plenty of breadcrumbs.
100%.
Yeah.
And well, so,
so, Bethsend has also been mentioning
digital payment rails for frictionless payments,
eliminating the middleman.
So it's clear that they are working on this.
And yeah, so some rumors have been going around that, of course, rumors have been going around that they are working on this and yeah so some rumors have been going around that of course that
rumors have been going around that they'd be working with the DERA to to create those payment
rails but I also see plenty of XRP folks claiming that they'll be using XRP for that so yeah that
remains speculated speculative but yeah we all know that there
would be a good fit so uh hopefully they see that as well and um like you said plenty of breath drums
and um yeah we'll see what happens hopefully 26 will be an exciting year because so far um
because so far, well, yeah, it was exciting.
I mean, exciting in a positive way.
And that's not what 26 has been so far.
Although today, price action is looking good.
Any thoughts on that before we,
because it's almost the top of the hour,
so we're about to close up the space.
Any thoughts on the current market sentiment situation?
Seems that BTC is breaking out of a week's long range now.
It does feel like we did have a bit of a capitulation moment.
What was that, about four weeks ago?
I think HBAR got down to about 7.4 cents.
It would have been a good capitulation
point reversal there. I think that there's been, I mean, just the sentiment in general has been
really down. You've seen like some of those fear and greed index numbers coming out. I mean,
rock bottom, worse than, you know, the worst bear markets in the past. And it hasn't been that bad. In my opinion,
it really hasn't been that bad. So yeah, I mean, it certainly could have reversal. The thing is,
is in the Hedera ecosystem, we can certainly get excited about price when it is outperforming and
it's doing well. And we have been outperforming for the past few weeks since FedEx. We've been
outperforming a lot of the market. We moved from about 26 on
the coin market cap list to last I looked, I think we were 20 or 21. So yeah, I think we could be in
good shape, but there's so many other cool things that are happening in the Hedera ecosystem that
we can get excited about as well, that when we don't have the best price action, we can still
get excited about that stuff. And eventually when Hedera wins, we'll get the price action as well.
Yeah, I think, Niu, if you don't mind me jumping in here,
yeah, I kind of want to express the same hesitancy
that I feel I heard in HBAR Bull's voice.
I think we do have an opportunity for this to be a macro bottom.
You know, I think it's great
that it bullishly broke out
from a multi-week range.
It's been very, very range bound.
You know, but I do think
that what's going to really be needed in order for it to cook for an extended period of time to the upside, of course, nothing goes straight up or straight down.
You know, for it to start stair stepping up and have it be consistent with that behavior would be clarity on world events.
I don't even think we necessarily need to see, say, the conflict in Iran resolve, per se.
Just more of, I think the traditional finance world and crypto world has an opportunity to respond very bullishly, even just to like
a clear path forward, even if that involves more conflict. I just think that the market
needs some certainty to come back into the picture. You know, with that said, major indices,
to the picture. You know, with that said, major indices, you know, in a lot of ways, they're
still, they're consolidating right around all-time highs. I mean, that's really the reality of
things. I mean, we've had a couple, you know, really down days in TradFi where you've seen it,
you know, really kind of recover a lot of those losses intraday.
And it can kind of seem like things have pulled back massively,
but they really chips down when you look at percentages away from all-time highs. For a lot of these U.S. major indices, they're really not far off from ATH.
So, you know, I i think everything including even bitcoin
is showing a lot of strength it it feels like things are kind of like in a holding pattern
i'm surprised we didn't crash out more over the conflict that broke out in the middle east
but i do think that uh some certainty coming back into the market is really what's going to be needed
in order for this to be a sustained move to the upside.
Yeah, I agree with you on that. I expected some more, a bigger response on the recent geopolitical events as well, which might be an indicator of where the market's at, might be indicating some actual strength.
feels this complete move down has felt like it's just a sidestep in the bull market.
But I just look back and it's been five months since we started breaking down,
since we put in that last all-time high and we started breaking down.
So it's been close to half a year already.
So to me, it just feels a little bit weird.
It feels as if we shouldn't be where we are right now but um
uh that's that's uh that's just um the way i experienced the market uh let's see where things
go from here uh today certainly looks good uh could be a reversal but who knows would be nice
um and as we as we said last week, the timing, especially with Kraken,
listing the HTS tokens is very nice.
So during this downtrend, and especially if this can be unlimited,
well, yeah, what's the bear market?
I don't even know anymore.
But if this downtime is limited, then it's probably a good thing that some HTS tokens are getting listed on Kraken with no real hype in the market and just a little bit in stealth mode.
But if this downtime is limited,
And then we're all good to go and ready, locked and loaded for when hype and energy, enthusiasm and liquidity return in the space. So it all seems, it definitely
seems as if the timing and the, well, could both well, but who knows, J-Man.
Yeah, just real quick to circle back to Monsta's's question i actually ended up having a team member of
returnals reach out to me um in in regards to returnals being connected to silk they are
they're two separate things but permable has bought his own um silk escrow nfts with his own funds and he is going to be rewarding his holders with a portion if not all
of those payouts so i just wanted to circle back to monsta um with an official response
to his question in regards to returnals and silk suite all right then thanks for that
all right then thanks for that i think that was it guys um anybody on stage uh
wanting to share some last thoughts maybe some questions
doesn't seem like it all right yeah then we'll we'll be oh joe go ahead
i said have a great boys weekend and safe travels
thank you um okay but we just got made coins on stage as well um that's a first for me welcome
man thank you i appreciate it um i was just listening and it's a great space
I came in late I'm a big fan of XRP and HBAR and um I studied the market once in a while but
I'm just like curious that like I was surprised that the market and everything picked up because
I was expecting to go down more.
What are your thoughts about the market, where it's headed at?
Because I know the Clarity Act soon come up.
Isn't that how it always works, though?
Like right when you think, you know, things are only going to go up,
it reverses, it goes down. And just when you think things are just going to keep dropping,
that's when things reverse. It's just kind of, you know, it's down. And just when you think things are just going to keep dropping, that's when things reverse.
It's just kind of, you know, it's the max pain thesis.
The thing that's going to hurt the most people, that's exactly what the market's going to do.
But again, there's still plenty of potential tailwinds.
I mean, Clarity Act getting passed, that would solve so many issues that we have in the space. In addition to that,
like what was being mentioned by J-Man, we can certainly get the geopolitical stage to calm down
a little bit, and that could certainly thrive things as well. And I've said this over and
over again, that I really do think that when the next phase of capital flowing into our markets comes in, it's going to come in through those basket and ETFs.
We've just started seeing some of those actually get listed.
Very low volume so far, but that's because, you know, it's been a little bit rough.
I actually haven't looked at the numbers yet today.
But when that next phase of capital flows into the market, that's where it's going to come.
And, you know, that infrastructure is being built out now. Those products are being built out now
and coming to market now. So we do have a lot of things that are going in our favor. And, you know,
whether it comes to real world asset tokenization, you know, the things that are needed in the DeFi
space, agent to agent commerce, all that kind of stuff. There's so many things that is at our backs that, you know,
when that stuff starts to take off again, I think we'll be just fine.
But who knows where things are going to go.
Yes, thank you.
Absolutely.
And you want to know something that I was curious to about?
Because I have a team member of mine.
He does, like, research and studies the chart and then
we kept saying the same thing and he actually
was saying that the market
hasn't reached rock bottom yet.
What do you think your thoughts on
have the market already reached rock
bottom? Are we going to get another dip?
I wish I could say I was a TA
expert. I'm really not. Looking, you know, looking at those charts,
even though I do think it has tremendous value, I try to focus more on the fundamentals.
So I probably would be the last person to answer you on the TA side of things if we have
a bottom to this point. Is there anybody else that might want to jump in on that one?
Yeah, here's one thing I am certain about. Several things that change markets.
Regulations, pandemics, and wars. So we know that major global events, and then specifically with
the U.S., we're waiting on regulations. Those things are
destined to change markets. I just went to fill up during this space. I went to fill up my vehicle
for our trip tomorrow and noticed fuel is $1 per gallon more than it was four days ago at the same
pump. So all of these things play major roles nobody expected what happened after the onset of
covid we thought everything was over we thought it was the end and everything boomed so those are
some big things that affect the market i think we're just be patient and if you take big guesses
you can make big gains and also you can make big losses. So I kind of keep it keep it smooth during these times.
out my my um thing is with the market i catch it like when i'm off guard meaning that
i'm better at now what i'm doing i'm positioning myself just like everyone else should
but like during the past years uh when i was getting involved with crypto um i sold a lot
of coins and then all of a sudden back in um, you remember it started picking up.
I missed my wave of certain opportunities.
Even during the pandemic back in 2020,
they didn't pick up I think around either third or fourth quarter.
I forgot which quarter.
It was insane.
Everything was picking up.
Things were very difficult during that time through COVID.
To me, if you ask me, to my opinion,
you know that they manipulate the market many times.
You expect, or maybe some would expect like look send the market go down more because
look what we're going through with the
war and the prices
of things going up and then
certain things we're
still waiting for so I
don't know it's like I feel like
they're just manipulating the market
but it's like
the other speaker was saying that
like just position yourself you all just gotta hold and be patient and wait
Oh, I see. Sorry. I see the random drop down. Joe, any comments from your side on that?
No, I think we're in agreement. I mean, people read headlines in React and markets move. So, let's just see what's happening.
and markets move.
So let's just see what's happening.
Yeah.
Yeah, same thing here.
Well, today is looking good,
and let's hope this continues.
All right.
It's time to shut down the space.
Ten minutes past the hour.
I'm happy that it worked out well
doing this on a Wednesday
instead of the usual Thursday.
Well, it's a one-off, so next week we'll be back on Thursday.
Yeah, I think that's it.
Thanks, everybody, for tuning in, seeing Paul joined as well.
Thanks, Aqua and Lady H, for being flexible with that timing.
Oh, 100%.
Yeah.
I'm glad you mentioned that.
Thanks a ton.
Yeah, it's great that we can work together like that.
Thanks everybody for tuning in.
Lots of legends in this space.
Brandon down in the audience still.
Jordan, hope your physical therapy is going well.
The Returnals, Paul, Geddy, Nick, Esco, Rebecca, good to see you as well.
I hope you're doing well.
Monsta, thanks for your involvement in the conversation as well.
Golki Air, Jack Diamond, Mr. Wiki, Wealthy, HonkBot, H-Bar Prime, Mark Duvall, Fly, H-Bar,
Matt, Queen, and Sankanmi.
Hola, ore.
Thanks everybody for tuning in and for making the conversation.
It's always great to connect with fellow HBAR Barians.
We've been discussing news and of course we've been gossiping a bit.
And yeah, let's see where we are at next week.
See you guys next Thursday.
Have a great weekend. Oh, no, it's still Wednesday. Sorry, next week. See you guys next Thursday. Have a great weekend.
Oh, no, it's still Wednesday.
Sorry.
Just have a great rest of your week.
Have a great day at work tomorrow.
And then after that, enjoy the weekend.
See you guys later.
That's called vacation, Brain.
Have a good trip.
Thanks, man.
Talk to you later.
