Coinbase Payment Protocol, EigenLayer updates & more - The Daily Gwei Refuel #691 - Ethereum Updates

17 Nov 2023 · 30:48

Ethereum educator Anthony Sassano hosts this Daily Gwei Refuel recap covering BlackRock's S-1 filing for a spot Ethereum ETF and Coinbase Commerce's new onchain payment protocol. He also covers account abstraction updates, EigenLayer restaking developments, staking on Ether.fi, and a debate over ENS versus Unstoppable Domains for naming.

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hello everyone welcome to another episode of the Dau refuel where cup the latest news in the ethereum ecosystem I'm your host Anthony s and the 17th of November 2023 all right everyone let's get into it so we had Black Rock officially file their S1 prospectus for its spot eth ETF today with the SEC now you may be wondering you know why is this news didn't they already do this last week well no last week they um applied for there I think it's a 19B -4 which was kind of creating the trust and now with the S1 perspectus this is actually filing for the spot eth ETF with the SEC um and the filing among uh other things appoints coinbase as the custodian for the underlying eth of course obviously the same custodian that they're using for their spot BTC ETF and

there appears to be no mention on whether the trust will actively be St staking the eth and distributing dividends to shareholders from the yield as I said before I None of these spot eth ETFs are going to be staking from day one I don't even think it's possible for there to be a Stak e ETF at this point in time obviously because there's there's various considerations there for that but if there if it is possible to get one in the future I would assume that it would be maybe a separate product so they have two that have like a staked eth ETF and then just like a vanilla eth ETF product because you know probably not everyone wants to have their eth Stak um as part of the ETF maybe they want to be able to exit more quickly or maybe they don't want to take

on that extra risk things like that so I'm wondering you know if it's going to look like that if there's going to be just two two different ones per issue here or if it's going to be the same one we'll have to see you know I I think it requires some regulation changes for it actually to be able to be done because as I said like when you're staking there's extra risks involved and I doubt black Rock's going to be running their own n operators they're probably just going to go with their custodian and in this case it' be coinbase but at the same time ideally we wouldn't want that because if all of the uh I guess like um ETF filers for for a Stak e ETF if all of them are using coinbase then that just increases coinbase's market share of the beacon chain which we don't want

to do because they've already got a a pretty sizable market share right so we're thinking about it like that it just remains to be seen what that's actually going to look like in the end State I don't think that they're going to be staking with any of the you know protocols that we would like them to stake with for example I I don't imagine that black rock is going to be staking with Rocka pool you know as much as I'd love for that to happen I don't think it's going to happen I mean maybe sometime far into the future like a 10 years or something like that but no they would have to go with just legally and and by and by regulatory standards they would have to go with something like a coinbase or some other Enterprise grade staking provider uh in order to to do a

staked e ETF there but anyway we got the spot eth ETF filing officially uh here from Black Rock today um and on this note as well with the ETFs Eric Banis put out a tweet today uh saying ether is a commodity but the SEC won't admit it um there's a good one from James his um his kind of like friend here James W covered on the refi bunch of times before uh he said today on how the SEC has has and will continue to act as if it is a commodity even if they won't won't say it so remember how I told you guys that there was that change in language and that the SEC has basically considered the point on eth being not being a security but they're not going to say it they're not going to outright say it they're just going to let the

market basically say it for them and the I guess like industry say it for them which it has you know they they approved the Futures ETFs it's been trading on the CME uh Futures exchange for quite a while now they have not um said anything at least recently probably actually more than recently I think maybe at least the last 6 months about being a security or anything like that so yeah I think we can put that completely to bed now um because I don't I think the is going to ever go after eth now especially because like there's all this precedent now where if they were to try go after going after eth as a security straight away I in court it would be argued that hey okay well if e is security why did you approve the futures of ETFs right why is it trading on the CME kind of exchange

for years now um as a Futures product or as a commodity product right so yeah e is a commodity in in the US like in the eyes of the of the regulators and the law in the US uh for all intents and purposes e is a commodity it is not a security and as I said I doubt there's going to be any kind of I guess um uh actions brought against I don't even know who you'd bring it against but like e as an asset being a security there all right a really exciting announcement out of coinbase today so they have updated their Queen based Commerce product which is basically their payments product that allows Merchants to um easily accept crypto crypto payments and they've updated it by basically making something called uh or an onchain payments protocol which is

now open source as well now Jesse poak the lead of the base team here has a great tldr of what this is um it what it lets anyone do is paying hundreds of currencies and settle to usdc all on chain currently deployed on ethereum Main net base and polygon and will be deployed to other evm chains of course and this will be the fastest most accessible way for merchants around the world to ex accept payments and as I said this is an open source payments protocol this is not just something that uh coinbase has you know some closed sourced app on their back end it is an open source payments protocol that uses evm networks uh right now and as I said like bass ethereum main net and polygon uh polygon POS chain I believe are supported right now but I mean the coolest thing about this is the fact

that you can accept uh you know hundreds of currencies and settle in usdc so basically on the front end you accept like AUD or Yen or uh kind of you one or cran one or any of those kind of like currencies right you accept any of those and then it settles to usdc on chain uh completely on chain without you having to do anything else really and that's that's kind of like the whole point of the of the protocol here now I've said before that I think that when it comes to payments this is the most important thing fees obviously are are an important part of it but I think that the most important thing by far is the user experience part of it especially for for merchants who want to integrate it um and then fees come next and then speed honestly as I've said before guys

like the difference between like a second and you know half a second is completely negligible and no one's going to care about that cuz I remember I argued that people saying oh you can do payments on um salana in 400 milliseconds like because their blocks are 400 milliseconds like okay cool but like no one cares between 400 milliseconds and 1 second right when it when it gets to a few seconds maybe people start caring but when it comes to um like the uh like the base for example your payment's going to get done in like a second right polygon POS very quick as well ethereum obviously can take up to 12 seconds on ethereum Main net but generally uh because because that's the block time but generally I would expect most of this activity to happen at layer 2os where it's basically near instant

anyway which is the whole point of it right near instant cheap good user experience good user interface and that's exactly what coinbase is delivering here with this product today you can go check this out I'll link it in the YouTube description below for you to do so all right so uh the ethereum foundation research team proposed a path forward for Native account abstraction today so they've called this the rip 7560 so rip uh stands for I think uh I can't remember what it actually stands for because there's EIP and now they they've they've um called this rip and I think it stands for something that I I can't remember right now um yeah I'm not sure what it stands for I'm trying to like just read it here yeah I can't I can't get it off the top of my head

someone can correct me if I'm not seeing it on my screen here but essentially what this proposal is is it introduces consensus layer protocol change uh instead of relying on higher layer infrastructure it combines EIP 2938 and ERC 4337 which you may have heard of before into a comprehensive native account abstraction proposal and then continue we propose splitting the ethereum transaction scope into multiple steps validations execution and post-transaction logic transaction valid validity is determined by the result of the validation steps of a transaction uh so basically this is trying to take all of the account abstraction efforts and put them into one kind of proposal that allows us to upgrade the network in order to be to to better kind of handle

account abstraction and to and to and to do c extraction in a much better way than we traditionally have done it and I think that this is for ethereum mainnet um I'm not sure what how this applies to layer 2os but I'm sure it can be like copied onto the onto the layer twos that are obviously evm equivalent or evm compatible uh because they can basically just copy the the rip here which uh is is obviously um very good for keeping compatibility across networks and things like that whether whether they be layer 2s or other evm networks out there um but for the As for the RP itself you can go check it out I'll link it in the YouTube description below there's a bunch of comments about it in the um ethereum magicians post as well no timeline as of yet like I don't expect

there to be a timeline here it's more so just kind of getting that out there and getting discussions on it uh and discussions have definitely started here so yeah if you're at all interested in account abstraction and how this uh this rip proposal may be the kind of like one size fits-all sort of thing where it actually kind of brings it all together instead of everyone working on their own thing and standardizes it uh I'm very excited about that so you can go check this out I'll link it in the YouTube description below for you to do so all right so everyone can now stake on ethery so by mining e e you automatically earn e staking rewards ethery points and IG layer points so I covered this last week or it might have been last week or maybe a couple of days

ago where e launched in in kind of like a beta and there was like a wh list or invite only list um sort of thing but now you can uh stake on on ethery here and by mining eth as I said you get the E staking rewards obviously you get ether fire points and I layer points here so yeah I mean I already went over this I think the other day but just wanted to highlight it for you guys that it's now open so if you are interested in uh I guess like the in staking your eth but getting involved with a new LST from the kind of ground up here uh and staking it with uh with ethery you can do so now on their website now of course when they say like ethery points we don't know exactly what that means you know it could mean there's a future

token or something like that who knows right I mean I assume there would be because if there's going to be like a governance token it would mean that and then IG layer points same thing like I layer we can assume is going to have a token as well so really I guess like the the juice here is that you get the staking rewards uh and then you get that the point systems and you also get reaking rewards on top of that which uh you know we don't know what they're going to be yet but really this is like a steaking burger essentially where you kind of like get all these yields together and get all these rewards together and have yourself a nice uh nice LST burger here so yeah go check this out for yourself I'll link it in the YouTube description below for you to

do so all right speaking of igon layer they have launched stage two test net uh the stage two test net for Igan layer and Igan da on boarding operators to ig layer and rollups to end DDA this test net introduces new functionality for rest stakers operators and developers and you can learn how to use it uh in this blog post here it's a pretty detailed blog post actually which I highly recommend going and giving a read um but if you want to Dive Right In you can it's it's live on girly here's the app link and there's the docs here for for both IG layer and IG da uh some demos as well uh they've recapped basically what they've been doing in stage one which which was basically bringing I think 170,000 eth has been restak on IG layer so far and over the

coming months they're going to add those new lsts and continue to raise the LST caps as well with uh with the stage two test net um The Operators can now register to the network and validate for an AVS uh such as I da uh rakers can delegate to operators and share security to ig da and rollups can integrate IG da to build new hyperscale use cases so essentially it's taking Ian Lea to the next level now where they bootstrapped that initial reaking set of of eth now they're basically saying well we need to bootstrap the operator set as well using that restak eth and you can delegate to different operators here you can check this out as you can can see here this is still on test net right as I said like this isn't on Main net just yet but uh but very good very good to see that this

is making movements here because I do think at this rate igen leayer and Igan da will probably be live on mainnet sometime earlier next year I think uh and then they'll be adding those lsts raising the mint caps all that good stuff there and then we can start actually seeing the whole reaking Space uh take form on mainnet because it's been teased for quite a while now I can't remember when I first covered Igan lay on the refill but it's quite a while ago now and I actually I should disclose here I'm an investor in IG layer as well um but I I talked about them I think it had to be at least a year ago now and and and since then there's been a lot of discussions around you know potential risks it could post to the network uh potential kind of use cases what it

actually looks like in its end State you know are we going to enshrine reaking one day so on and so forth there's been plenty of discussion about it but you know at the end of the day discussions are discussions we want to see real world kind of use cases playing out we want to see real main net functional ity playing out and that's exactly what we're going to be seeing soon and that's why I'm excited to see them move to their stage two test net here because it just means they're one step closer to their main net launch here but anyway you can check out all the details for yourself I'll link this in the YouTube description below for you to do so all right infura has announced their first set of partners that are going to be I guess like part of their new

decentralized infrastructure Network also known as din so for those of you who don't know or maybe need a refresh here fur is basically an infrastructure provider that provides a full node infrastructure essentially an archive node infrastructure for people to be able to relay their transactions uh via uh infura now when you install metamask the default RPC that you use is infura which means all of your transactions through metamask is actually relayed via infura you can change your RPC of course but you still need an RPC no matter what it could be your own full node or it could be it could be someone else's INF fur or otherwise but you really do need uh to to be able to talk to an RPC or you won't be able to relay your transactions to the network because the network can't see them right now there's

obviously been um some I guess concerns with infura you know censorship concerns because infura controls the nodes they could choose to just censor your transactions drop your transactions and also reliability you know infura is is one company you know I'm sure they've got like a whole setup where they're running redund redundancies and stuff like that but really the ultimate goal is to decentralize out this this stuff decentralize out the IPC networks and make it so that multi entities can run these things uh and run them under the same umbrella which is exactly what infura is doing and you can see some of the partners here listed uh you know big names like Microsoft are on board and you have um Insider crypto names like ever stake uh some of the ones you you guys may um May recognize here mantel even 10cent actually uh is signed up

here so it's very cool to see that there um but yeah there's more details in the in the thread here as well as the uh the blog post which I'll link in the YouTube description below but great to see the movement Happening Here I think eventually infu is going to to decentralize this out and then anyone can become an operator or anyone can become an RPC on the network and they're probably going to have a token not exactly sure how that's going to work or what that's going to look like but we'll see I mean at the end of the day uh infura is uh is one of the oldest products within the ethereum ecosystem it is definitely one that we would love to decentralize out because having centralized rpcs is not good um but eventually I guess we get light clients which makes this even better where

essentially like you still need a robust full node uh in network but with light clients people can just verify using a light client and have like trustless verification of of of things and be able to relay their transactions via these full nodes without having to essentially trust them so I think that's a huge step up as well but obviously the the the more I guess like full nodes on the network the better it is and INF fur's kind of decentralized infrastructure Network that they're building is is one thing that's going to encourage that so very cool to see this uh but yeah I'll link this in the YouTube description below for you to check out all right so poly has a fresh blog post today that is very spicy so the blog post is titled the horrific inefficiencies of

Monolithic blockchains now I highly recommend giving this a read I will link it in the YouTube description below for you to do so but the tldr is just Paul and I are trashing how bad monolithic blockchains are compared to modular blockchains right and I think reading it it's probably not going to be anything that you haven't heard before at least from me because I've covered a lot of this stuff in in the past but the great thing about uh when poly writes about something they actually put like numbers to it they actually put uh kind of um technical details behind it whereas I I tend to stay more higher level for the refill just because I don't want to go too deep uh for you guys because you can always just check out the source for yourself you don't have to hear it from me sort of thing um

but the reason why this was so spicy is because they actually tweeted this out so this is their first tweet in a little while now because they usually share these things on faras but they tweeted this out by saying crypto Twitter was the worst Community I've ever participated in a toxic hell hole that Sauron himself would envy I will never return however I'm not afraid to drop oneoff posts when narratives stray too far from the whole truth and the reason I love this is because this is exactly how I feel guys like really crypto Twitter is just such a bad Community it does in my eyes it does not reflect the good of the ecosystem of the crypto ecosystem it just reflects the bad and I don't blame poia for exiting crypto Twitter and for basically not paying atten to it and for going to other

places like farasa and things like that rather than then I guess like exposing themselves to just that toxicity there but of course they also get frustrated by all these bad narratives that kind of perpetuate themselves about how monolithic blockchains are the solution and they're and going to win out and how modular blockchains are crap and how layer 2os are crap and all this stuff so I'm very glad that they're still writing posts like this because it gives me something for to to to point to for you guys to go look at um because it's all well and good for me to say these things but uh I I don't us usually write blog posts much anymore I mean I used to write my newsletter but I stopped that because I just burnt myself out to be honest I was writing it every day doing the video every day um so I'm and

honestly it shouldn't just come from me I think the more people doing this sorts of stuff and writing this sorts of stuff the better um but yeah I'm I'm not going to spend too long on this I just wanted to highlight it for you guys you can go check it out for yourself but I also after reading it I also highly recommend checking out all of the COPE in the replies because of course like even though they did Paul and didn't mention any actual specific blockchains in the post they didn't mention ethereum even they didn't mention the different layer twos they didn't mention salana of course like you infer when you hear the term monolithic blockchain you infer okay well that means salana right or that means one of the other chains out there but salana being the most well-known monolithic blockchain and then of course when you hear things like

validity proofs and ZK uh ZK proofs and uh uh I guess like modular design you think of ethereum and L2 which is fair enough but at the same time it's just funny because like people like Anatoli commented on this post and they commented so fast that they wouldn't even read the post they probably just read the title and then they just commented and there's like debates back and forth and the replies and it's just it's hilarious because exactly what Paul anday was talking about in their tweet about how it's the worst Community played out in the reply so the irony is just chef's kiss right but yeah anyway go read the post then read the Twitter thread and read the replies because just it's just entertainment to be honest um uh but yeah uh I I really love this so

kudos to Paul and for putting this one uh out there all right so a bit of drama in the domain space domain name space now uh Nick Johnson here who is a lead developer at uh ens uh well I guess like once was a lead developer of inss I think he still is or he's very heavily involved in the NS e ecosystem put together a thread today saying an open letter regarding blockchain domain name patent since its founding in 2017 ens has been a consistent and outspoken advocate of Open Source Open Standards and the importance of governing the global name space as a public good now I won't read the whole thread here but the reason why Nick is doing this thread is because another domain name provider uh called Unstoppable domains has actually

patented and was granted the first patent in January of this year for for resolving blockchain domains this patent is based entirely on innovations that ens developed and contains no novel Innovations of its own so essentially what Unstoppable domains have done is that they've not only patented this thing which should be completely open and shouldn't be patented they've actually stolen the work and stolen the Innovations from ens and patented it as their own so like if this if everything that we said in this thread is true which I believe it is and Nick also has receipts have have some Communications between them and Unstoppable domains here and then there's a bit of back and forth in the replies that to me I just look at this and I'm like I would never support Unstoppable domains like I I

don't think that they should be supported if they're going to be like this like this is not not in the spirit of this ecosystem this is not in the spirit of Open Source ens is a much loved uh public good essentially on ethereum right I mean it's not technically a public good I guess if you want to use the strictest terminology here but it's been around for so long you know we all have our own ens names it's been it's added so much value to ethereum uh and they've done it all in the open they've they've come up with lots of different Innovations and for Unstoppable domains to swoop in take that Innovation and then patent it for themselves and get the patent granted to themselves honestly is disgusting like and this is some of the worst kind of most egregious kind kind of stuff that

I've seen um when it comes to people just kind of using other people's work which uh you know besides all the forks that we see where people like Fork a protocol and then use it as their own whatever that's obviously probably the worst of it because they're monetizing it with because they issue their own token and stuff like that but this is you know this is approaching just as bad because really um that that patent could present issues for ens and for anyone working within the ens ecosystem um if it's enforced by the Unstoppable domains team which if they want to keep that patent I'm pretty sure they have to enforce it right and then you have patent trolls out there as well that just makes it all murky yeah it's not good it's not fun um but yeah I I'll link this thread in the YouTube

description below for you to get better context around this and and exactly what Nick's going on about here and and you can even see the communications with unstoppable domains between Nick and um some of the Unstoppable domains people here um but for the foreseeable future unless Unstoppable domains completely walks this back and changes their tune here I can't promote them I can't cover them on the refill I don't think I've covered them before cuz I always thought they were they were a bit dodgy and and they weren't um worth covering on the refill before maybe I I've covered them I don't know but I don't think I've covered them very much um but yeah just very disappointing to see this and I just wanted to call it out and just wanted to call attention to it so yeah I'll link the thread in the YouTube

description below and you can go check it out for yourself all right last up here we have an update out of Argent so uh they said here Security on Stark net will never be the same meet multisig the fully open source audited kiro1 multi multisig wallet for starnet so they've created a new wallet obviously for starnet called multisig here built within I guess like uh uh Kyo um which is stock Net's um PR programming language uh so they're not using solidity there uh and they kind of got a thread here talking about how Stark Net's ecosystem is thriving and if you're a team building on Stark net multisig is your fort KNX it's written 100% in Cairo 1 audited by consensus diligence and also fully open source and uh of course they you know they continue

here I'll link this in the YouTube description below for you to check out but great to see that starnet has gotten its own native uh kind of multi here wallet from arent which is one of the uh kind of better wallet teams in the crypto ecosystem we've been working in it for quite a while now I mean I think I was covering Argent back when I was doing like the ethhub podcast the newsletter so it's quite quite a an old project in team now but they've been kicking goals for quite a while they've been building stuff for quite a while uh and it's great to see this go live on on stocket here now stocket is an e system that I haven't covered too much on the refuel I I don't know why my feed doesn't really pop up with too much Stark net stuff but they definitely have

a a lot going on and I think that because they're distinctly different in terms of like not being um you know another evm chain I think the the coverage of it is a lot less because there's probably a lot less of the same stuff that you see fork to other chains for example deployed to other chains like I don't know Unis swops on starnet right now it may not be I think they have their own amm on there but that's what I mean like the the top brands that you're used to seeing on other layer twos aren't on stocket yet because they have to either rewrite their contracts or they have to transpile them and it just becomes uh you know obviously harder than just redeploying it to one of these evm networks out there but I may be wrong on this as I said I haven't

been following along with Stark net too closely here um and if you know any good starnet accounts on Twitter that I should be following please let me know uh in the YouTube comments or on Discord and I'll be glad to follow them there um but yeah anyway great to see this from Argent here today as I said I'll link this in the YouTube description below and you can go check it out uh for yourself there all right few minutes left here and this is the last episode of the week so I have one topic that I wanted to talk about uh which was the markets now uh the markets are a funny in a funny place right now I did say I think the other day that I thought that we were in like the really early stages of a bull market and I still think that

but at the same time I look at what what's been happening in the markets over the last I guess you could say four to six weeks and I look at all the just random stuff that's been going up in value and I think to myself where's the new money like this isn't new money like this is to me the same money rotating out of Bitcoin rotating out of eth um and maybe people that are already in crypto that have cash on the sidelines and all they're doing now is immediately going down the risk curve because they're like oh my God it's a bull market or you know all the retail investors are going to come back and they're going to buy all these coins so I'm going to front run them and of course like that can work as it can become become a self-fulfilling prophecy

and and so on and so forth but what ends up happening is that if there's no new money coming in and those retail investors don't come what do you think's going to happen to all these things that have gone up in value they're just going to get sold back down again because the crypto natives aren't going to hold it for very long if their whole thesis was I'm buying this because I expect someone else to buy it from me at a higher price um that's that's that's a new to the ecosystem right and because of that what you're probably going to end up see happening uh probably soon to be honest is a is is a kind of like a wipe out across the board and honestly the the best time for that to happen is during the holiday period where less people are paying attention and um

definitely no new capital is coming in now is that to say that there's no new money coming in at all I don't think so I think there is definitely new money going into uh BTC especially uh I do think some of it is trickling into eth now especially because of the ETF um the ETF thing but on net and you're talking about like actual M new money coming in not just small amounts like big amounts of new money coming in I I don't think it's going into these things uh these other things I think the money going to these other things are from existing crypto Natives and existing money that's already in crypto not new money not new retail investors we're just not at that stage of the of the bull market yet we're in the very very early kind of transition stage between the crab and

the bull and honestly we haven't still 100% confirmed that it's a bull market yet like as I've said before we have to spend a quite a a bit of time to convince people that it's a a bull market above the crab market range which BTC is trying to do right now you know E's trying to break out of its crab range um I think once eth breaks out and holds it for a while that that increases the chances as well exponentially um but yeah we're still in that kind of No Man's Land and for for people to be speculating on all this just random crap and because and they're doing it because they expect someone else to come along and buy it you know very soon some new retail investors I think it's very dangerous and I think that if you are playing those games just bit of advice

to be careful there uh and just to be know what you're getting yourself into because yes things have gone up a lot over the last 46 weeks and I know that some things have had like Mega pumps and stuff like that but you what you need to remember is that these things can sell down just as fast if not faster than than what they pumped and the when you're talking talking about percentages there's a massive difference between a positive percentage and a negative percentage right uh because people will say oh this thing went up 800% or or I guess like you could say 500% right it went up 500% which is which was five times okay fair enough it goes from $10 to to $50 right um and then it goes down 50 plus% uh you're back down to to $25 now and now it needs to go up 100% to

get back to $50 right so looking at percentages is always something that screws people over because they kind of take the positive percentage and they apply it to the negative one they don't realize that negative percentages kind of increase exponentially the more negative you go in terms of the the real number effect here um and people end up wrecking themselves they overtrade they're like oh this is just like a you know selloff and then we'll bounce and then I'll you know I'll be able to kind of like sell into that bounce and then if everyone's thinking that they all sell into it and then it just keeps going down further so yeah just keep that in mind I'm not saying it's guaranteed to happen but when I see stuff like this happening and I don't see any real signs of new money coming in to sustain that I I I just look at it

and I think to myself yeah yeah that's not sustainable that's not something that I want to get involved with at all and that's something that I'm very cautious of um but I don't think it really applies to BTC and eth to be honest one because eth hasn't really pumped that much as as as kind of compared to other things and also BTC I believe has been a substantial amount of new money going into BTC because of the ETF stuff but do remember that the ETF Black Rock Spot ETF application was done back in June right and BTC did not break its crab market range back in June it it went up to it it was like 30 31k but then it took until October for it to break it so when you look at it like that the new money takes longer to come in than you think it does so if we

consider a 3 to 6 Monon lag on new money coming in you could say that we're actually not going to see new money until earliest early next year essentially for for for kind of maybe even eth and and other things out there and that's particularly why BTC always runs first because the new money goes into BTC first and then obviously things get speculated on but if we're talking about like the the next 6 months that's kind of maybe how I see things playing out but we'll have to see anyway I think I'm going to end it there for today's episode and all just a reminder as well I know that I haven't put out an episode with Eric Connor lately at a deadly way drive-through episode with him scheduling issues guys just been a nightmare I don't think I'm going to be able to do one this week or next week so

maybe the week after that but I'm going to try for next week but yeah definitely not not this week unfortunately uh but yeah just figured out update you guys on that but on that note that's going to be it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all next week thanks everyone