Episode 2: Circle’s $20 Trillion Play: Is Crypto Finally Ready for Wall Street?

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hey everyone my name is Cesus Bugab you can call me Jr and I’m the founder and

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CEO of Social Market and this is the Social Ledger Report cool i’m excited to

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to do this again episode two like and and it’s been a super crazy week like we

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kind of went through the news and had to uh thin it out you know pick pick

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what was the big one so there’s a few i think the What do we want to talk about

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first i think uh circle yeah so like you said we have a lot of stuff to cover um

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right now I think what might be the biggest story is Circle having an IPO so

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you know let me share my screen here for a moment uh so you go anywhere on

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Twitter we’re still calling it Twitter and you’re going to see that Circle has

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made so much buzz since like Monday even before April Fools that um it was going

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to have its IPO now for those of you who don’t know it’s having its second IPO i

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believe it was 2022 attempt attempt that’s that’s right so yeah it’s very

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important to clarify um I think in 2022 is when it tried to initially IPO

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correct me if I’m wrong but it failed so now So it was a reverse it was they were

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going to do it via spa like a reverse merger where they’re just going to take

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a shell company and go public though the issue is essentially the SEC just wasn’t

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approving it in the the time timeline so they abandoned that attempt um this

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one’s going to be much more of a true bonafide IPO where you know like like it

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says here they’ve hired JP Morgan and City to do the actual like process to to

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go public versus doing a spa or something like I I kind of guess spacks

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are not cool anymore right so yeah I mean it’s having some

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very big accredited investor like JP Morgan or bank rather that’s very you

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know there’s nothing that could potentially not let this happen unless

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something major were to happen like I don’t know god forbid something like FTX

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happens where you know the investors or rather the uh founders were you know not

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to be trusted to say the least but you as far as that goes actually we did have

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a very interesting post made here now this was made on April 1st so I’m not

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exactly sure you know if this is real might be real i mean this looks legit

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but you can see kind of like all their numbers what their profit their margins

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what kind of revenue they’re making and how it’s gone since 2022 and if you

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compare here at KPI data what’s highlighted in red you know it shows no

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growth but keep in mind that in 202 2022 and 2023 those were the day the years

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that crypto was falling off again 2021 was the year that crypto just bmed the

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entire industry you know Bitcoin hit the first all-time high of 75,000 and now

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we’re seeing that the the I’m guessing the KPI data are about

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the same between 2022 and 2024 so I think you know there’s a big appetite

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again for crypto maybe because there’s not as much regulation issues there’s

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going to be a lot more clarity on that so you know that’s what I think but what

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do you think it so like I I’ve looked at their numbers and I I think you know

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also a lot of people have kind of gone and you know did like deep dissections

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of this like um there there’s a bunch of stuff that’s

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like happening in the right way for them so I think Binance Pay is now going to

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have the default currency for all Binance Pay users in USDC um there’s

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like a bunch of folks that are adopting um the the stable coin as a path to

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actually transmit currency across borders they’re using it as rappers to

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kind of get around um fees that that are out there on on gas fees

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the the the problem that I see for them is it’s going to be a crypto company

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that is public and there’s going to be a lot of pressure

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to make money and push that you know like they’re they’re they’re pushing on

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there like investors are going to be pushing on them to make money so you

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know you got the Euro one the URC or U Yeah URC i could see them also doing

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other types of of currency ones like stable coins like you know there there’s

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a ton of them like I don’t know if they would do it but like a yen based one um

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you know there’s some big markets out there like the Indian Indian currency

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one now yep those regulatory environments in China and and um India

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might prevent that but there’s going to be a lot of pressure on circle to make

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sure that there’s growth make sure that they’re they’re expanding their market

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and that they’re pushing hard so a public offering here might not be the

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best path for them in the end like I I’m a little concerned that they they push

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now a money raise is going to help them like maybe they need to have more in in

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reserves like there might be some other sorts of things that this this money

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raise is is needed for supposedly it’s going to raise $750 million and that

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again is like a huge huge like boost for them to either build additional assets

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to you know add to the reserves or to um you know push more more um partnerships

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and and development around there yeah so there is you know being

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registered with or having an IPO means you have to register with the SEC in the

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US and if you don’t know it looks like you know getting any form of

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registration in the US is comparatively harder than anywhere else in the world

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so if you are able to successfully get registered in the SEC in the US you’re

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pretty much set to be able to comply worldwide with any regulation now you

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did bring a good point china and India are very different you know they are

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part of bricks or the you know uh unified effort at separating or creating

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their own currency that will beat the dollar so I’m pretty sure any company

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that is any nation that is part of bricks would make it not as easy for a

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you know American or a west company or even you know any new form of modern

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currency company or asset to overtake what they’re doing so I think circle is

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a great company i think the USDC which is widely used um and then URC which is

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the new currency for Europe uh similar to what USDC is doing you know I think

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the best approach that circle can do is to just keep minting these new uh stable

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coins to effectively accelerate the global economy move it from paper money

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to digital money so yeah the the part though that’s that’s interesting and

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that they’re going to have to continue with too is like the these tariffs just

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kind of cratered the US dollar so generally like and I’m not a perfect

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person on this and and I’ve just been reading a bunch about it is normally

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when you apply tariffs the dollar is supposed to get stronger that’s like a

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long held belief the US dollar dropped so it’s gotten weaker too so like there

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is a risk too that USDC for them becomes less a reserve

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currency in the in the world just as you know countries move away from the United

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States like Europe is threatening it like there you know Russia China bricks

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all all of these countries are threatening to kind of move away from

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the US dollar as a reserve currency of the world there could be some big

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financial risk for them too if if the US dollar keeps getting weaker and you know

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like all all of those like microeconomic problems happen for them so it’s going

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to be an interesting path for them because public pressure on a public like

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publicly traded company means they’re going to have to have their finances

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open and they’re going to have a lot of investor pressure i agree so actually

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while you’re talking I wanted to pull out some information um

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about what kind of volume Circle has made i believe last time I looked at it

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was right around the two billions though right around that ballpark is how how

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much circle USDC um traction was which you know to me if if I’m not mistaken

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it’s around 2 billion then I think it’s more than ready for an IPO

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you know there are so many so many instances where well there’s been

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instances not I cannot name a particular one right now but where a company is

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trying to fund raise or in the very least get an IPO or you know fund raise

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in any capacity but they don’t meet the the KPIs they don’t meet the demand for

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it and investors and accredited banks they’ll just pull away so you know in

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USDC’s case they’re more than ready yeah if this goes well though it’s going to

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be a signal for every crypto company that the market is ready for more crypto

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companies to go public and that kind of ties into uh the Kraken stuff like I if

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Circle proves this out over the next you know I’m not sure when they’re going to

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go public like I imagine maybe a Q3 Q4 um I’m not sure how fast the these

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things kind of happen like sometimes I hear about them and then it’s a year

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later but there’s also like other times I hear about it and it’s like two months

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later they’re they’re about to hit the market so I’m I’m not sure how fast that

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they’re going to be able to kind of flow into being a public company yeah you

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have a good point so I was able to find a very good link here business Wire is a

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pretty good um media outlet so this is um USDC momentum and I’m not sure if you

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can see it but yeah um just in 2024 there was over 20 trillion in

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transaction volume and with a monthly transaction transaction volume of about

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about 1 million or one trillion one trillion can’t talk there yeah so so

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we’re we’re talking trillions and mind you about 560 million people in the

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world own crypto that’s about 6.5% of the total global population and we’re

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already seeing you know numbers surpass in the trillions so you know crypto is

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it’s huge like I I think you know if this all goes well like you know Binance

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adopting as a stable coin like Binance is a huge international um uh exchange

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like I think it could go very far you know USDC like right

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there is empowering unbanked and underbanked populations like that that’s

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kind of interesting that I I haven’t actually thought about that um because

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you know a lot of other countries developing countries want to their their

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people want to hold US dollars because often times the currency in that country

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is just not stable look at Argentina like if you you know work with anybody

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in Argentina they want to hold US dollars there’s a whole you know there’s

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a blue market blue chip market that you can go you know get uh currency

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exchanges in that country from US dollars to you know the Argentinian

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dollars and back and forth because the the regular markets are just so bad um

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no I I think it’s going to be really interesting i want it to go well because

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I wanted to prove out the crypto market to to a large extent but I fear there’s

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also a lot of like regulatory just like pressure that’s going to come at some

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point there’s going to be a lot of investor pressure and then they’ve got

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just the economics of the world happening right now on the US dollar so

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they’re going to have to move fast to like push push out of just like the US

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dollar you know like I would love to see more just of these stable coins from

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them you know even like a Mexican peso you know Canadian Frank you know like

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these these I think would allow them to have more more like surface area and

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then also if you could like exchange it super easily you know no no currency

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exchange like crazy rate up hikes like that would be really cool especially cuz

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they’re the ones building them yeah i mean you know Mexico people often regard

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it as a third world country or even a second world country but no it’s very

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much a first world country you know and you know based on their new new

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political approach it looks like it is going to be exponentially growing the

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peso is probably going to become more relevant for trade not just here in the

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US assuming you know the world doesn’t end the the economic world doesn’t end

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because of the tariffs and everything but uh you know I digress like the a

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stable coin for the Mexican peso would be very huge yeah um you know I I kind

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of want to talk about Kraken a little bit before we we hit up the other topic

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because it kind of ties into the IPO space and you know I touched on it a

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little bit is you know the fact that Kraken is mulling an IPO in 2026 um

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that’s like a that’s a that’s a big shift for them you know they talked

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about doing one in 2022 i think you know like they they didn’t really do it for

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for regulatory reasons but Kraken is kind of like one of those smallerish

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like brand names in the crypto space but I I I’ve always liked them more because

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you know they had they have these like meme coins they they adopt coins faster

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than most other places uh you know Coinbase is pretty slow to adopt a a

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token they’ve been faster in recent um months but Kraken has always been like

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if it’s somewhat of a trending thing like boom it’s on the platform pretty

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quickly yeah so that’s our second biggest story

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which is Krakens IPO um it is another big exchange actually they are maybe up

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there as far as the same volume they get per month as Coinbase is and Coinbase is

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probably the probably the biggest uh crypto exchange in the US in the east

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and other countries um by China they use Binance or rather anywhere else outside

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the world they use Binance but you know Coinbase has a very large reputation for

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being one of the most secure platforms and Kraken falls just short behind that

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they’re still very popular they’re very secure they prioritize you know security

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and KYC and everything and you know I am not surprised that they’re now trying to

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launch an IPO in fact in my opinion if they launch an IPO they would probably

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you know become among the top three most used exchanges just because people who

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are outside of crypto they’re going to see that oh hey you know this company

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IPO you know that means it’s legit you know even though only 6.5 people or

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rather 6.5% of the entire global population use crypto you know that

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number is fast growing and if there’s more companies becoming established that

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are part of the space you know that can help certainly with adoption so what’s

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really interesting is you know you’re talking about like exchange volume like

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what’s the biggest exchanges yep kraken’s actually pretty relatively

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small like I just texted a link if you want to pop it open like

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that that I’m I’m shocked like they’re number 13 and some of these I haven’t

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really heard of before like I know KCoin you know obviously Crypto.com i think

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everybody knows Crypto.com because of um their their arena and like their

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advertising that they do in every like sporting event but Yep

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i’m I’m shocked you know like even even just some of the other ones you know I

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knew Tether was a really big one for Kraken like that’s actually the reason

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why I got on Kraken at one point was because I needed some Tether and like

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Kraken was one of the few American ones that I could go and get um but it it’s

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just really interesting to see you know Tether Tether and it’s it’s both

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versions of Tether too i think that’s the reason why um Bitcoin USDC you know

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Ripple um Bitcoin again and I wonder if it’s Oh it’s it’s from which I don’t

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know why they break it up like that that’s really interesting yeah it’s an

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interesting graph but here you know it’s latest volume for about 24 hours was

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about you know one trillion 1.3 trillion.3 trillion so that’s a massive

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exchange and like considering you know you look at that like it’s just it’s

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it’s huge you know like comparative to to others but also again Tether is like

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their biggest one and I don’t know if anybody else really trades Tether at

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that high of volume like I guess Coinbase does at number four but you

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know I think a lot of people are not very happy with Tether because um the

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the context behind it is that I think it was don’t or the the founder of Tron if

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I’m not mistaken he you know launched Tether but you know that guy has some

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bad reputation in the back so it’s it’s the whole FUD that oh you know the next

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SBF sort of thing with Tether um which ironically enough FTX or the FTT token

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was based on Tether so um I’ll be honest I’m not stable coin too you know like

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that’s what it was built as like there was So there’s two versions of Tether i

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think there’s tether that’s on the Tron network and then there’s the Tether

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that’s not on the Tron network um it’s a little confusing whenever you’re

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dealing with it cuz it’s like which network and if you mess up you could

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like lose your Tether yes so I I’ll admit I’m not the most

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tether um uh versed i’m not very familiar with it that’s as far as I know

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but you know if you go anywhere on crypto Twitter I mean people are still

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going to be using Tether it’s widely popular i mean this is pretty evidential

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but you know maybe it’s because of my lack of

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lack of knowledge why I’m not you know very comfortable using it i am happy

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using pretty much any coin here hell you know I’m seeing that Fartcoin which is

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about 43 cents which is a Salana based meme coin if you don’t know Farcoin is

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actually an insane meme coin and you know Pepe which is also I believe uh

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well that one’s ERC20 you know we’re seeing these two

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meme coins be up here you know that’s that’s another story but you know the

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fact that you know Kraken has these tokens listed it’s pretty big so

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all that to say you know Kraken IPO you know it believe I believe it’s

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approaching 2026 for its launch but you never know you know it could

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happen sooner i think this is going to create a precedent or any crypto

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exchange maybe any crypto product where you know it is in the very least being

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more recognized than it was before under this new administration at least so who

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knows maybe this could push forward a golden age of the crypto space once you

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know the SEC steps in they create that regulation within the next two to next

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uh 3 to four years you know a lot is happening and I

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believe traditional finance like IPOs and traditional banks intersecting with

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cryptos for fundraising rounds for you know IPOs again I I think that’s a

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symptom of what’s to come next which is all good

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yeah no no i I it makes more sense to me to have like Kraken going public than a

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circle to some extent cuz the you know the the way for Kraken to grow is you

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know uh you know get more volume on the platform advertise more push more of

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that like you know it’s super super easy for sure

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so I know we’re we’ve kind of spoke a lot today about you know IPOs but we do

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have another major story which it’s with a decentralized exchange and if you’ve

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been on the Salana space for a while this should you know maybe not be any

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surprise to you but you know what pumpf fun is Leon yeah oh oh yeah it’s It’s

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been all over the Twitter because it’s all the meme coins yeah so for those of

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you who don’t know Pump just for context Pump.fun is a memecoin extravaganza

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um launching a platform to create your own meme coins uh Pump created its own

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decentralized exchange called Pump Swap well you know within the first 10 days

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it reached over $20 million in trading fees that’s 10 days that’s huge

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oh it kind of just shows like how much a meme is is worth like you know like meme

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meme coins are a little they’re a little shady from time to time you know like

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what what happens with all of them and honestly like the name of this this you

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know DEX is kind of funny it’s just pump swap like you know pump and dump like

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but that’s a ton of money like it’s it’s all Salana backed right everything is

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Salana backed and maybe maybe pumpf fun is the reason why Salana became more

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popular than Ethereum now Ethereum’s price has been stagnant for maybe the

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last I think 2021 was the all-time high you know it’s nowhere near that like

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almost reaching what 5,000 now it’s barely been reaching 2,000 well Salana

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you know it recently broke in the 200s again i think right now you know given

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the state of the market it’s right below or right around

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$170 or rather here it is it’s about $1616 and Ethereum is aboutund or I’m

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sorry 1,792 so you know right now these prices

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are a little bit high but nowhere near as high as they were just early January

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so you know Salana ecosystem is widely successful because of pump.com i like

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Salana is the reason it’s become you know overall a big focus is because of

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all the meme coins and it’s kind of depressing to see Ethereum not really

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move on price like everyone said that Ethereum was was the one but I think the

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problem with Ethereum is the gas fees like they never they have not solved

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that that network congestion like I know like Salana has some problems most

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of it’s like at the exchange level like Coinbase doesn’t have enough to to deal

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with the volume uh but it’s it’s kind of just depressing to see cuz I never

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really saw Salana as like a long-term like crypto in my my eyes

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initially I was like oh it’s you know it’s kind of a fun meme coin like you’ve

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got some NFTs and I was like you know when the NFTs kind of died and all this

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other stuff kind of came about I was like oh Salana’s going to get crushed

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it just through and through the the memes and I really discounted the

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internet and memes being like the driving force for this this uh exchange

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you know if you ask me the reason why I think memecoins are kind of like the new

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um trend for crypto is just a lot to do with how we are as a society you know we

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use memes for everything for marketing for communicating even in the day job or

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you know in a office setting job people have gy on Slack man exactly you know

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you have gy there and a lot of the times they’re just memes that were pulled from

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Reddit from Twitter or even from Tik Tok now so you know meme coins they’re just

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a a good way to kind of explore you know if you ask me I think memecoins are fun

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and you know decent way to get into the crypto ecosystem i would not advise

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someone who is new in the space to use pop fund or you know any you know NFT

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place to start trading these digital assets because it is you know for

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context I’ve been in crypto since like late 2018

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um but I got more serious into it in 2020 so realistically about 5 years you

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know even back then you had NFTTS you had like um ICOs ICOs or like initial

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coins enough first there was so much FUD there was so much you know news

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happening and if you’re not careful enough you can lose your money because

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what seems to be like a serious headline turns out to be a scam they’ll route you

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to you click on a link and they’ll route you to some website that might look

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familiar like MetaMask or some exchange like Coinbase you put in your your

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account login and you lose all your money so you can never trust everything

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that that’s why I also think like this is actually the

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the like it’s kind of making meme coins legit like you know you have um the hook

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to a girl that you know kind of made meme coins like uh you know another like

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oh it’s just for scams and for for a little while I was kind of like in that

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market of like there but you’ve got Trump with a coin you got Melania coin

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like there there is more legitimacy being brought to the meme coins as like

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a that that it’s not just a fun thing that like investors see it as something

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and then also just like folks on the internet that are like hey this is kind

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of cool that I could just like buy a little bit of it maybe make some money

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do something fun and then all of a sudden you know I’m I’m doing good yeah

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so you know I mean one thing I’ll say and this is kind of overlapping with

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traditional finance but um and this is completely separate headline to anything

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else but Newsmax actually IPOed earlier this week and I actually didn’t know

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about it until you told me about it Leon so I’m so mad you know if if you if you

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look and I’ll pull the graph here just for reference but if you look at how

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traditional crypto tokens perform it’s kind of like that you know for lack of a

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better word it starts out very low it it exponentially rockets maybe like a,000%

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and then it drops like almost 1,000% so it looks like a

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pyramid almost as far as the slope of the graph but you know if you look at

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Robin Hood um or any other exchange that has Newsmax listed you’re going to see

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that Newsmax kind of had that same performance so not to you know change

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subjects here very you know rapidly but you know this kind of performance is

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what you would see with meme coins so you know it launched its IPO at maybe

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$10 and then it went up to about 214 so that’s almost a

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1.5,000% and now it’s worth about 60 so all that to say that you know uh with

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pump pumpf fun you know there needs to be a bonding curve established by having

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people put a lot of money into a token a lot of the times people rug people scam

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other people on pump.comf fun which is why we don’t recommend it but you know

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that kind of performance we’ve already seen with stocks you know I believe

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penny stocks with if you’ve seen Wolf of Wall Street you know it it kind of goes

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back to what the 1970s the 1980s where stocks were you know kind of the meme

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coin back then you know people would do so many scams back then and now we’re

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starting to see that again happen with me with with with memecoins and with

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crypto but stocks are used now for 401ks and Fidelity you know this is another

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story for later but you know Fidelity is starting to look into you know crypto

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adoption so you know maybe crypto will be part of your 401k maybe Sparkcoin or

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Pepecoin might be part of your 401k you know you never know what’s going to

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happen in the future oh no it’s It’s really interesting i’m I’m glad though

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that like some of these exchanges are making them more legit also I think

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it’ll help kind of like stop these fraud and rugpools more and more if like it’s

29:49

all out in the open and people are seeing it it’ll still happen and I like

29:53

your comparison like meme coins are not really a new

29:58

thought like there this stuff has been happening for for ages and I’m sure even

30:01

before stocks that there was there was you know essentially a memecoin

30:06

equivalent right exactly so you know what Leon I

30:13

don’t have I do have a couple more stories here just not more like

30:18

honorable mentions rather than like our biggest headlines but you know do you

30:23

have any other thoughts before I get to that as far as what let’s jump into

30:27

those other quick It’s like I I think there you know again this was a huge

30:30

like news week like it’s crazy yeah a lot a lot has happened um we we were

30:36

kind of debating like hey you know what should we talk about should we talk

30:39

about like the ICO the IPOs should we talk about you know Kraken and

30:45

everything and kind of last minute we decided to go with what we did and right

30:50

now we kind of just want to throw some honorable n honorable mentions like

30:55

Mastercard is building its own blockchain powered payment network which

30:59

might be a sign of them releasing their own token or maybe just releasing their

31:03

own infrastructure like Ripple XRP but you know if you if you’re familiar with

31:09

the crypto space or the technology whenever there’s a network whenever

31:14

there’s a blockchain there’s always a token associated with it because the

31:17

token is what actually allows money to be moved within said network so if you

31:22

ask me there’s a very high likelihood that we’re going to see a Mastercard

31:26

token or something which huge that’s kind of huge

31:31

the I the these big companies what they’re trying to do is reduce costs by

31:36

stopping money transmission you know problems like I could see American

31:39

Express doing this like right now if you have an American Express card or you

31:43

know any premium credit card or premium bank account like they’re going to

31:47

they’re going to give you free like like a currency exchange you know

31:53

like that that’s probably what they’re going to use these for is to stop like

31:59

you know a euro going to US dollar and having that hard currency exchange with

32:04

intermediary banks and everything that’s probably what they’re looking at and

32:07

then on top of that it probably stop fraud like if they could tokenize

32:12

everything and say “Hey this is where this purchase came from this is who it’s

32:15

supposed to have been but actually this is what happened.” Like it’s going to

32:19

stop fraud and they’re going to be able to track their purchase stuff like way

32:23

easier i guarantee it so there’s some benefit they should they should team up

32:27

with Circle yeah you know I think that that could happen mastercard has a has a

32:33

stock right i believe it’s trader they’re huge okay yeah so so you know

32:38

it’s uncom it’s very common for these very big public companies to work with

32:43

one another so you know Visa Visa Mastercard American Express Discover um

32:51

you know like they’re they’re all the huge ones um that you know they’re

32:56

they’re going to need to do this for the purpose probably of just dealing with

33:01

like currency exchanges across the world yeah so you know there’s this meme where

33:06

you have I’m guessing the Mastercard saying you know I’ve been swiping

33:09

through the centuries but now it’s time to tap into something new

33:12

part of the old finance club members only so now you know web 3 comes in and

33:17

he’s like hey what are these blockchains NFTts wallets without leather you know

33:22

it’s all digital and then Mastercard comes in saying hey let’s bring the gap

33:26

you’ll bring crypto I’ll bring the convenience finally crypto payments that

33:31

don’t feel like rocket science and then you have consumer merchants institutions

33:36

welcome to the new world of digital assets powered by Europa Mastercard so

33:42

you know I’m not surprised We already have Mastercard based and Mastercard and

33:48

Visa based uh credit card or debit cards for crypto companies like MetaMask and

33:55

Coinbase coinbase is Visa and MetaMask latest new card is based on Mastercard

34:00

so I believe this is kind of what it’s trying to say here how it’s quickly

34:05

being adopted oh yeah um but you know if you have anything else to say Leon I

34:11

think our last story to talk about today is with PayPal which is another

34:17

traditional finest giant so PayPal expands crypto offerings adding Salana

34:23

and Link for US customers yeah the Salana one I think again it it’s kind of

34:29

solidifying Salana as a as a mainstream crypto you know like when you talk about

34:35

crypto you know for a long time was Bitcoin it was ETH it was Litecoin for a

34:40

little while like those were the big three for for a very long time i think

34:44

it’s going to become like Bitcoin you know Salana you know like some some

34:49

other ones that are around there like Ripple and all that and then you’re

34:52

going to have like stable coins kind of like on its own separate list but man

34:57

Salana is just becoming it i’m kind of surprised about chain link just cuz I

35:00

haven’t heard a lot of like anything really about it

35:05

so I know chain link I don’t I’m not seeing any you know I’m not sure how far

35:10

I want to go into Twitter here you know just because you never know what you can

35:14

encounter but um LinkedIn or LinkedIn you know chain link is actually a

35:22

interoperable framework or protocol where you can kind of well their purpose

35:27

is to link other networks with one another so kind of I’m trying a whole

35:31

lot pretty much so link the token itself um you know I’m not sure what it’s worth

35:37

right now i haven’t loo I actually haven’t looked at link in a long time

35:42

but you know but I would I would still you know I still have some holdings of

35:48

link i also um I don’t think link has a lot to offer

35:54

right now as far as token utility you know I think it was trying to develop

35:59

some sort of you know crossborder you know transaction swapping where it’s

36:05

kind of like a decentralized exchange where you can swap your money um from

36:09

one currency to another currency within the same network but with chain link

36:14

it’s trying to do the same but for different networks so for Ethereum

36:18

Salana Cardana you name it even Bitcoin um I think that’s the biggest utility

36:23

behind it but we haven’t seen much since I believe or at least something that

36:27

will be mainstream cryptospace newsworthy now

36:32

Salana you know everyone knows Salana at this point you know even my mom actually

36:35

came asking me like earlier this week like hey you know I heard about this

36:39

token called Salana see you tell her crypto you tell most boomers I guess

36:45

crypto they’ll think about Bitcoin only but the fact that she already knows the

36:49

name of another token that is not called Bitcoin I think it’s pretty evidential

36:55

yes and mind you Salana has only been out for 5 years so 2020 I believe it’s

37:01

the date the year it came out and you know PayPal you know traditional

37:07

finance I think it’s doing something good as well by offering uh offering

37:12

consumers more options but what we’re seeing right now is similar to what

37:16

we’re seeing earlier with Mastercard traditional finance meeting web 3 yes

37:21

and and PayPal you know I I know PayPal’s like a little bit of the it was

37:27

the new finance giant on the block but now they’ve become no different than a

37:31

regular bank so them adopting crypto in in this manner like I could see them

37:36

especially like Link like being able to use it as some fundamental thing or or

37:41

adding something but we’ll we’ll kind of see what happens it was it was a big

37:45

week of news like there’s definitely a lot more stuff that happened too

37:50

yeah certainly but you know I think these were some of the most tren some of

37:57

the biggest stories in the crypto space and crypto Twitter and you know

38:03

traditional finance meeting web 3 that’s probably as big as it’s going to get yes

38:07

yeah no it it it’s exciting like the fact that SEC is pulling back the Trump

38:11

administration’s like allowing crypto kind of flourish and then every every

38:16

one of these crypto companies were like waiting for regulatory change that you

38:22

know they’re they’re going to be able to start innovating they’re going to be

38:24

able to start raising more money and figuring out how to build actual

38:28

utilities into like the public markets and like everything that people touch

38:32

every day yeah certainly so we’ll see what happens you know there’s we’re

38:39

still early despite you know Circle having over $20 trillion in you know

38:45

volume in just 2024 we’re still early yes yes no I like it we went a little

38:52

long today but this was a you know it was it was a meaty week um I was excited

38:57

to talk about all of this same me too me too but um yeah you know thanks for

39:02

watching like and subscribe stay up to date with the booze with social edge

39:07

report and you know we’ll be seeing you next week all right I’ll talk to you

39:10

later and then all the notes are always in the we’ll link all the articles and

39:14

and and links too that we had in there yeah everything will be down here below

39:20

all right sounds good bye