Market turmoil, Uniswap v4 live and more - The Daily Gwei Refuel #821 - Ethereum Updates

Transcript

hello everyone welcome to another episode of reu w up latest news and eum ecosystem I'm your host and this is T the 3rd of February 2025 all right everyone let's get into it so what a interesting 48 hours in crypto obviously we're all aware by now that the crypto markets did not react kindly to this kind of trump trade War that's going on right now in the US and I'm not sure when you'll be watching this but it apparently today Trump has a call with Canada and Mexico where he's going to try and strike some kind of deal with these tariffs I don't know what's going to happen with that I don't like I have no idea what impact that's going to have on the market or anything like that but I am going to talk more about the market stuff at the end of the episode because

I feel like this is one of those episodes where I have to talk about it given what uh you know has transpired and things like that so I'll talk about that towards the end of the episode here but before I do that and for I guess like the the first part of the episode uh we want to talk well I want to talk about the fundamental stuff going on in the ecosystem right now and a a perfect way to do that is to go over thread that I actually put together for the ethereum Twitter account here so this was published last week I think I teased this on the refill uh maybe that I was putting out a thread thread here so this went live uh last uh last Friday here and it was basically just a thread of everything that had happened in the

ethereum ecosystem in the two weeks prior and I got a lot of praise for this thread a lot of people really enjoyed the thread because uh they it was highlighting things that they may not have been aware of but honestly if you listen and or watch the refuel you were already aware of all this stuff because I P ped a lot of it from the refuel but it was good to get another platform like the ethereum Twitter account to Bro to broadcast this out much further than my own account can on Twitter and obviously much further than the refill can here uh so what's go what's going to happen going forward with the ethereum Twitter account at least for the foreseeable future is that they're running these experiments where they let community members post via the account in you know that true decentralized fashion that

ethereum is trying to embody because people kept saying you know I S should just get control of the whole account he should be the one posting on there so on and so forth and while I appreciate the vote of confidence I I don't think that I should be the one posting on there all the time I don't think I should be the one in total control of it I do think it should be uh a team of people there is a team of people on it and I'm in contact with that team and I give them feedback when I think it's relevant but in terms of who posts threads over time I think it should be definitely different people from the community and I even floated the idea by the team saying hey why don't we just have like you know my thread go out and then people can even

pull from my thread and we can have like Hayden Adams do a guest thread on unisoft V4 for example or we could have Justin Drake do a guest thread on based and Native rollups and I think that would go much further than me just doing like tweets and stuff like that because obviously I wouldn't be the best person to tweet about based in Native rollups because I don't I don't work on them I don't understand them as well as someone like Justin Drake does uh and obviously Hayden Adams the founder of Unis swop understands univ V4 a lot more than pretty much anyone else out there so he would be the best person to get on to do that so you could think of it as like a podcast but in tweet thread form essentially like obviously Hayden and Justin go on podcast and and others in

the community go on podcast to talk about their thing but this would be a concise Twitter thread put together and then broadcast from the ethereum account and it's not just them the goal is to have like as many people as possible do this and I think that's just a better way of doing it especially because the person has their name attached to this as well so the goal was to make sure that people knew who was writing this thread which is why it's basically at the top of the thread here that I wrote this one uh and then get more Spotlight on what they're doing on they're working on and really elevate a lot of projects in the ecosystem in the maximally impactful way because if the ethereum account just tweets about projects that's cool you know that's better than what it's been doing in the past

obviously but giving a platform to people invol directly involved with that project to actually talk about that project in their own language and to a huge Community because the ethereum um Twitter account has what like 3.6 million followers um and obviously a lot of people have notifications on for that account too so that would be uh the best use of the account and I I agree with that you know I totally agree with that so I'm hoping that I get to do another thread at some point in the future but I am the one who did the first thread here as part of this initiative so I was honored to get that opportunity there but I can't wait to see who else they bring on uh to do more threads here all right as you guys know Raman storm is currently fighting a case in the US over

his involvement with tornado cashier and he was raising money in order to fight this case he needed about $2 million which he now has um he said he a massive thanks to the Paradigm team which donated the other day vitalic Jesse Pal and everyone else who contributed uh and believes in the freedom of software development because it's not just his case that he's fighting for he's fighting for the freedom of software development in the US the freedom of Open Source software in the US so he's now got $2 million to do that you know that may sound like a lot of money guys but believe me legal fees eat that up very very quickly especially in a case like this uh which is ridiculous the fact that he has to raise this amount of money just to defend himself in in court but when you're going up against the US

government obviously they have an unlimited budget right they have the money printer they can do whatever they want and it's it's a it's a big kind of case yeah and as I said it's not just the case for Roman uh but it's and not just for Tado cash but it's a a case for all open sourced software so good luck to him on his case I'm glad that he's got the money now to fight it and I'm sure if he needs more people will step up and donate here because even though the market crashed today there's still so much money in crypto guys people have money um the I guess bigger players in the ecosystem uh like the exchanges for example always have money because they're the ones selling the shovels and they're making money no matter what the market does obviously they want the

market to grow and go up more than go down but they're still making money when the market goes down like to days like today where it was super volatile or I should say yesterday they make a lot of money so they they should they're definitely hopefully stepping up here as well as time goes on all right speaking of unisoft before unisoft V4 has now been deployed to all of the major networks here so it's live on ethereum Main net a bunch of l2s the polygon P chain and and a couple other l1s like B&B chain and Avalanche here uh so you can go give it a whirl if you want to use it I did highlight unisoft V4 in my Twitter thread here as the first project I was highlighting you guys remember when I first talked about it they introduced something called hooks which

basically brings customization to Unis swap so you can do uh things such as limit orders custom oracles Dynamic fees and others there um and that's a huge unlock for for uniso because V1 to 3 doesn't have that V3 was a pretty big unlock but V4 is even bigger here and uh they've also lowered the gap fees on a lot of things as well you can see here that pools on V4 are expected to be 99.99% cheaper to create and swappers can expect significant savings on multihop swaps plus native eth support add significant savings for eth pairs so you no longer need to uh deal with wrapped eth because they're just doing it with Native e among all the other features that they've got of course you can go check out unisoft V4 for yourself I'll link this thread in the YouTube

description below but speaking of V4 there was also another project that launched uh called flunch now this is a project that had to wait until unisoft V4 went live to launch but they're essentially a project on base right now I think they're going to go to other networks but they're essentially like a pump. fun uh on on base but they've got a few unique features that make them distinctly different one of the biggest features is that 100% of the trading fees goes back to the creators and BuyBacks of the token so you can go to the flunch website as you can see here and then in the top right click flunch a coin and this is how easy it is to actually create a coin here so you can put in like the ticker the coin name description image and then with this slider you can actually uh choose uh

where the revenue goes so if you want it all to go to the developer you can if you want it all to go to the community you can or you can do whatever kind of split you want here you can set the fee receiver to whoever you want So currently that placeholder is just cass. e but you can set it to whever you want to you can even create a coin and then say okay well I don't want to get any fees from this I just want the fees to go to someone else and you can set their address here and they would get all the fees from it so it's it's a bit of a different way or I think it's like it's in similar Spirit to like sending the coin to Someone Like You know how people send these meme coins to vitalic and he

just like either has them sitting in his an address or he sells them sometimes and donates the profits instead of doing that you would send the fees uh which are in eth you would send them to uh this recipient instead of the token uh itself here and you can also add uh socials here of course uh as well as ADD um uh a buyback here as well which is which is very very cool then connect your wallet and Away you go you pretty much launched Your Meme coin so yeah I know I've been pretty critical of mem coins in the past in terms of like how extractive they can be and they are you know overall very extractive and can be quite net negative um but I think when it comes to uh things like this you know flunch for example the reason why I

wanted to highlight it was because one it's using unisoft V4 in the background which I think is pretty cool two if people are going to launch meme coins anyway it doesn't matter what you think of them they have a product Market fit obviously people love to gamble they love to speculate on things things so can we actually do things better right can we actually U launch better mem coins or have mem coins that that are fairer and I actually think with flunch we can right because of the fact that you get this kind of split here and you've also got a a way to do like BuyBacks for the coin and stuff like that so yeah I hope it this actually gets used for uh just tokens in like that are tied to projects as well potentially not just you know pure meme coins uh but I figured it was worth

highlighting for you guys cuz I know a lot of you guys like this kind of stuff when you play this kind of stuff and as I said it's built on uniso V4 so it's actually a really good Showcase of some of the features that uniso V4 enables here so you can go check that out for yourself I'll link it in the YouTube description below for you to do so all right so Lido's Community staking module is now permissionless and open to everyone so you can stake with uh this lto CSM and submit your first validated key with just 2.4 e as a bond uh but the bond drops to 1.3 e for validators after that and earlier adoption eligible participants still enjoy a discounted Bond of 1. 58 for their first validator and you can go to

csm.edu is having as many node operators as we can obviously we don't want them underneath the same umbrella cuz Li the lto umbrella is still One Umbrella right but they do have independent node operators as part of that and for all those node operators to collude they actually have to get together and collude it's not like the Lio can go there and say hey you all need to collude the Lio Dow can do some stuff but over time they're actually removing how much the LI o can do as well which is pretty cool uh so yeah it's just really great to see that with this launch of the community staking module there's going to be more node operators on the network that's what we want we

want more and more node operators cuz where real decentralization uh comes from here and that's where the real Economic Security comes from here so if you want to become a not operator or you already are one you can go to the website here and sign up uh or you can just connect and and spin up uh uh spin up the validators with the bonds here if you're ready to go basically uh and you can read the Twitter thread as well for more information uh on this I don't know what the current number is right now in terms of lighter note operators I think it's gone up a lot recently um because they had the CSM in like early kind of testing phase for a while and I'm just bringing up raid. Network on my other screen here so according to raid.

network they currently have 508 entities that are staking as part of Lio right now so I'm assuming that like they're pretty much all independent or at least like a lot of them are independent I don't know about all of them it's kind of hard to prove who's independent versus who's just changed their name right for example I don't know why you would do that but you know maybe it makes it look better I guess uh but then you can also see the network penetration which is an important Point here because right now the uh Community staking portion of it and the simple DVT module is actually a very small percentage of the overall Network participation so 36 entities which is the original 36 lighter not operators still account for 27.25 of all of the lto stake uh sorry of all the network stake um lios current

uh total penetration is 27.96 so that Delta between .25 and .96 that's the percentage that is currently uh uh I guess like being run by about 300 uh sorry 20 257 entities and 56 DVT clusters here so that number is what counts it doesn't it's not just the unique not operators in L's case it's where the stake actually lies and right now it still lies mostly with those 36 entities so we obviously hope to see that move over you know over time um uh and that's where you get the real decentralization uh from there but anyway as I said you can go check this out for yourself I'll link it in the YouTube description below for you to do so all right something that I forgot to mention the other day that was uh uh

kind of shielded to me on on crypto Twitter here was that safe is running an agent Aon which is basically an AI hackathon here and this is all online so you can actually go sign up to a at agent aon.com is taking place from Feb 3rd to Feb 17th yeah you can still register here and this is obviously all about Ai and building AI with safe especially and building it on top of ethereum uh and there's over 200,000 of prizes up for grabs and it's judged by the top leaders uh in crypto and AI here and you can see the hackathon partners include all of our favorite names from uh optimism to arbitrum to nois to these other AI players or newer AI players you can see

on the list here like Fraser for example uh and then you can scroll down and see who the judges are so it's funny I saw Eric Connor was one of the judges here cuz he's been very big on AI so he's still still out there guys he's still in the Crypt sphere even though he kind of like I uh gave up his do eth recently but I think he'll be back there but he's among a a bunch of other people who are part of this uh here so if you are interested and you're a developer and you want to get involved with this um you can go check this out I'll link it in the YouTube description below for you to do so all right so I have a bunch of time here left on today's episode and I guess it's probably prudent to spend a lot of

it talking about the state of the market I guess and as I said I haven't talked about this in quite a while because I didn't think it was relevant but over the weekend it definitely became relevant now I made this meme on Twitter and it kind of went pretty far if you you can see it on my screen if you're listening on the podcast you can go check it out I'll link it in the description um but obviously we all know what happened right the markets had a pretty big sell-off of the kind of reaction that uh Trump was putting these massive tariffs on Canada Mexico and China now I think that the market already had started selling off over that AI stuff right like the Deep seek AI thing that came out of China and everyone started like like getting uh uh like SC scared because they're like oh

did we over invest in AI or was AI a bubble and then you saw Nvidia crash and or come down in price a lot uh and then uh the stock market was a little bit wobbly there and then that bled over into crypto and then we had the Tariff stuff happen on the weekend which led to a pretty substantial dump I mean you guys probably all know this by now but eth went from what was it $3,400 like 4 days ago and it went to like 2150 uh and it didn't stay there for very long it a bottom there and is up about up at about 2600 right now um but like the rest of the market sold off as well BTC held quite steady but that's kind of normal for BTC at this point in time uh but yeah the whole Market kind of sold off yeah eth got hit especially

hard like it's kind of funny I saw eth like I was awake when this was happening and I saw eth go down like just crazy and I was like what the hell is happening here uh and and there was a lot of liquidations of course a lot of things blew up but I'm kind of wondering you know is there a big player that blew up on eth that we're going to find out about because it was a pretty brutal uh and and fast crash like one of the biggest that we've seen I I would say Obviously the co dump was still bigger but the Vibes very similar in that and The Vibes were also similar to May 2022 if anyone remembers that when the terror crash was happening it just felt like it was a bottomless pit right it's like when is this going to stop and those

things usually happen or pretty much like do ha happen because of liquidation Cascades so essentially what happens is that people kept getting liquidated and then that puts more buy pressure on the market sorry more sell pressure on the market and then that Cascades and it leads to more people getting liquidated and then more e gets put on the market and so on and so forth right it just that's what and then people clue into this market makers clue into this Traders clue into this and they like well I'm not going to bid this thing that's got like all this Supply coming because people are getting liquidated I'm going to wait until the dust settles and then uh maybe I'll buy right uh and that's what happened basically with eth that's what happened with other assets of course but eth being as big as it is

a lot of eth is used on chain uh for leverage obviously uh with things like uh liquid staking as well and liquid reaking token uh that led to an outsized effect on on on ethia um and I think on top of that as well there was just like I I guess uh a negative sentiment around e still too because I guess like the eth BTC ratio had be going down so it was just like a a a compounding of things that ended up happening here now I will say this is what makes like investing in and just generally quite hard because for example like the the Trump tariff thing that's completely out of any of our control like we have absolutely no control over that at all like I mean in the US the

most control that you have is voting and like you get one vote like outside of that if as a normal person you have no control if you're rich maybe you have some level of control because you can like bribe your way into positions of influence or sorry I should say Lobby your way in to positions of influence but generally like as an everyday person you are at the mercy of these like higher Powers so to speak uh and especially if you are not in the US and you live somewhere else like I am far away from the US I'm in Australia I'm not a US citizen or anything so I have absolutely zero control over this the only thing that I have control over is my exposure to the market but even then it's hard because like let's just say you're like okay well I think the you

know these tariffs like last week let's just say you were thinking okay these I think these tariffs are going to be really bad I'm going to sell everything and that was the right decision at the time you're like oh you and right now you're feeling pretty good about yourself you're like oh that was a good decision at the time I sold everything but then like you're sitting in cash and you know maybe you you've in a bank account earning some kind of interest on it or you've bought some like treasuries and and earning a yield there but then after a little while like the bleeding stops things stop going down and things start going up again so you think to yourself okay well what do I do with this money do I do I redeploy some now do I think it's going to keep going up

or do I think like this this bull market cycle is over do I kind of do I do I keep the money out sort of thing so it's always this constant game of what to do and this constant game of uncertainty especially when you have stuff like the the tariffs which people have no idea kind of what's going on there's different explanations for what's happening no one really knows we have this meeting today apparently that Trump's going to have that may or may not have a deal attached to it and maybe the tariffs don't happen after all because they don't go in place until Tuesday and then throwing in the fact that it was a weekend as well and and weekend the markets aren't open like the traditional markets the only Market open is crypto uh and crypto loves to front run these things and loves to trade off

fear like it really does and it's obviously very volatile as an asset class but that but that's what makes like investing so difficult is that like you can control your exposure to the market but then your exposure to the market is dictated by everything else happening around it it's not like you you buying means that the price is going to go up or you selling means the price is going to keep going down no like if you buy there's no guarantee anything's going to happen like especially if you even if you're buying with size like even if you're buying eth millions and millions of dollars you're not going to move eth like look at sailor for example he buys with billions and billions of dollars he has an effect on BTC over the longer term but shortterm definitely not um so even at that kind of level you

have to think like that so if you're just kind of trying to buy and sell and play the markets is extremely difficult but even as a long-term investor it can be difficult because you're like well you know I think I'm overinvestment sell some but then if things start going up again you get some fomo you're like oh I need to get back in or I need to do this I need to do that so it's it's very difficult guys and I think that and I've said this before on the refie a lot of times I think that crypto had had lulled people into such a false sense of secur about how relatively easy investing is because for the previous three Cycles it had been quite easy or I guess you could say four Cycles but really it's three you know where essentially what you would do is you'd be like okay well I'm

going to buy crypto and then I'm going to wait and then at like during this fouryear cycle it's going to go up it's going to go up a lot BTC will go up first then e will go up and then the ults will go up and then that's when I'll cash out but if you actually see what happened this cycle that didn't really happen at all what you had that that happened this cycle and this goes back to what I said a long time ago where I said I think the fouryear cycle is dead and I think that's more true than ever before now but I'll get to that but if you actually look what happened this cycle BTC went up a lot eth tried to follow but didn't really get there and went to 4K it never broke through 4K at least not yet it hasn't

and we don't even know if this is the end of the cycle or not right now like that again that's another thing that's hard to tell especially when there's um these kind of global trade Wars going on um but yeah e tried to follow and then like you had this uh sector that was very Crypton native of meme coins that did relatively well I I guess like I mean I I think like net on net most people lost money on them but they was they were still going up and then you had obviously um salana go up a lot as well because they captured the mcoin meta like it happened on salana so soul went up natural right but outside of that like the cycle didn't play out like it had previous Cycles BTC kept going up eth BTC kept going down eth couldn't keep keep up with it BTC went into price

Discovery went to new alltime highs eth couldn't keep up with it which means the SS couldn't keep up with it either because everyone was like oh if eth isn't going up then like why would I bid the SS like they're not going to go up either and it became it becomes a self-fulfilling thing um and Bitcoin dominance is at its highest level that it's been in in years as well because of this so the cycle has completely not played out like like last time except I guess maybe for BTC but even that like if you actually look at BTC it still struggled a lot around 100K it went a 70k life cycle and that was in 2021 and it got to like 110k I think that's not much above its last all-time high so I think even if you were betting on BTC going to like 2300k you've been

disappointed so far I'm not saying the Cycle's over or anything like that I've got no idea but I'm trying to I guess put the point across is that this cycle has been very different and I would argue that the last cycle was also very different but we were saved by the you know the the co stimulus the money printing but this cycle has been distinctly different where I do truly think the fouryear cycle and I I thought I thought this but I think it's hard to deny now that the fouryear cycle as we know it within crypto is dead it's not going to play out like that anymore and I don't know what kind of Cycles we're in are we just out of the Cycles uh I don't know what assets people are going to buy versus others like what what do you even buy anymore like if so like the

thing is a lot of these assets are fundamentally worthless and the only reason that why they were getting bids was because people were expecting this cycle to happen again and the smarter people would buy and then they'd sell to all of the retail that came but retail didn't really come in way this cycle they they did come a little bit into into meme coins um to to some extent but nowhere near what they did in 2021 and Def and definitely not like what happened in 2017 either so again it's been a very different cycle a very weird cycle and this has thrown everyone off guard this is thrown everyone into in into disarray they like what do I do like do I sell now do I sell on on the bounce like what's uh what's going to happen with the prices do I just buy BTC

from now on and forget about everything else like what's going to happen here even long-term investors I I I I'm looking to they're thinking like this because they also counted on the 4year cycle and again that's why I think that people thought it was easy to invest in these in crypto and they became very entitled about it because they belied that the Cycles would play out the same and in hindsight that was a really dumb way to look at it because if everyone believes that the cycle is going to play out the same way again then it's not going to play out the same way again because everyone's playing it the same way everyone's saying okay well I'm just going to buy this I'm going to buy that and then I'm going to sell but then people start front running each other with the cells they're like oh this

pumped a lot already and I mean if you it pumped a lot like relative to where it was not relative to what it kind of did last cycle or what things did last cycle I'm going to sell now because I'm smarter than everyone else but if everyone else is doing that then it just leads to a lot of extraction and it just leads to this constant kind of cycle of things go up everyone takes all the smart people take profits and things go down things go up again but they don't go up as high as they were right and then people take profits again and so on and so forth and you have this kind of like I think they call it the euthanasia roller coaster you can Google that it's a pretty app description a lot of these assets out there uh so so yeah that's my

my general view on on all of that right now in terms of like eth itself I mean I I was saying this in the deu Discord Channel today I I don't know guys like honestly if I if I'm being totally honest with you and I I I try to be as honest as I can on the show but I'll be even more honest than I usually am today uh I did not expect eth to perform this poorly especially given that we have delivered on all the major road map items yes there are issues with ethereum but they're being fixed the growth of ethereum is amazing uh we have is is going amazingly the l2s are on fire we have the ETFs we have trafi getting involved we have so many good things going for eth I just have no explanation at this point for why eth is doing that

and I'll be the and I'll admit that like my me myself as well like I I'm affected by these swings too like you guys know I I have a lot of my net worth in eth like I truly believe in ethereum and ether and I'm a long-term investor here but that doesn't mean that I don't react to the fact that you know was 3,400 4 days ago it went to 2100 like my net worth went with that right like I'm not immune to that I'm not hedging my positions I'm not trading in and out of things I'm literally stacking eth and holding it and um of of course it affects me negatively uh uh both like my my my mood uh you know my mental state uh and also like um kind of questioning my decision sometimes about like what I should be doing in these markets maybe not with

eth like I I haven't lost any kind of bullishness about eth but it's it's kind of this thing of every I don't know everyone seems to think I'm like this hypo stoic guy who isn't affected by anything that happens in the markets of course I am of course I everyone is no one is stoic about the markets there's no way you can be given how absolutely crazy these markets are but what I do try to focus on always is the longer term I really do try to focus on the fundamentals and I know that this Market generally doesn't like to focus on the fundamentals but I do think as ethereum becomes more intertwined with the traire ecosystem more intertwined with the serious ious parts of Finance um e as an asset and ethereum as a network will be treated based on its fundamentals a lot

more and I think that ethereum's fundamentals are as strong as ever they're only going to get stronger over time I do think that it it it's been nice to see that we've all United on this based and Native rollup approach to the l2s because that's what's going to fix a lot of those ux issues that we have with them like fragmentation for example so I'm I'm really really bullish on that but these are not overnight fixers they're long-term things and in terms of like eth value acral that's also a longer term thing as I've said before we basically said okay well we're going to give up a bunch of fear Revenue to scale ethereum because if we don't people would just go somewhere else and um I I think people sometimes Focus too much on the I guess like quote unquote loss of fee Revenue they're like oh e

was generating so many fees and now they're not it's like well yeah I mean there's a bunch of reasons for that one one reason was that me on ethereum uh a lot of the me got uh kind of like um uh internalized by the apps themselves and was taken off of ethereum which means a lot of fear Revenue was taken off but we also did blobs which collapsed the fees for l2s and the reason we we did this is because we want to scale for users not just for kind of Wales who like for example if we didn't scale ethereum for end users these users would just go to other chains right and that's a bigger loss for ethereum than them going to the l2s and the l2s paying less fees than other than otherwise because there's no way we were going to on board the world

to ethereum main net when the fees were like $50 on average that just wasn't happening so yes for a limited period of time the high fee you know those High fees may have been bullish for eth as an asset because it was ethereum generating Revenue but over the longer term it ends up being bearish so obviously we want to generate a lot of revenue for ethereum but we want end user fees to stay low we want uh users to get a good experience we want them to be able to get their transactions included not have like constantly dropping transactions and really we don't even have most of almost all of the world on boarded yet so we still have so much further to go here guys in terms of ethereum and eth but the problem is is that the market does not trade over the you know over over

the long term on these things the market doesn't see this and the market uh tends to especially in times like this where it's trading around Global macro events there's no signal in that really you can't really judge um eth based on that I I think um and then going forward I guess like over the next couple of years or the next few years the game really is scaling meeting user demand and making sure that ethereum can Service as many users as possible and keeping that market share uh that we have and growing that market share that we have not just with regular users but also with like tradire institutions making sure that they know that they can customize and build their own chains on ethereum as l2s they can tokenize their stuff on ethereum all the infrastructure is there it's the best solution for their needs but it requires

advocacy as well and that's why I'm really bullish about things like ethereal Li for example so yeah longterm I mean I I I I I don't think anything's changed here but obviously you know the last few days has been quite brutal in the market it's we it's out of our control completely the best you can do is protect yourself by making sure that you're not too invested in the market not too over invested in the market which is always difficult to do I completely understand that uh but I have no crystal bow no one does we have no idea what's going to happen from here but I'm always long-term bullish on ethereum and E that hasn't changed at all so hopefully that can give you some context around how I think about these things but I think that's it for today's episode so thank everyone for listening

and watching be sure to subscribe to the channnel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all on Wednesday thanks everyone