- Alright. Alright. We're changing things up here. - Look at that.
No. Oooh! It's pumped, baby!
It has pumped.
Hit that like button and let's pump that as well.
- Johnny just put that story in there - Alright.
so we could FUD Avalanche because he doesn't like Avalanche.
- Okay. We love it. We love it. - That's it. That's the only reason.
We love FUD'ing our co-workers' bags here.
Alright. Arbitrum ARB token trades at $4 as 625,000 wallets receive the airdrop,
including Johnny.
We we're telling you, "Did Johnny get it? Didn't Johnny get it?"
Johnny did get it.
But then the website crashed.
Alright. Claim for the token went live and the website went down under heavy traffic,
as did the block explorer.
Arbitrum, which started operating in 2021, is the largest layer 2 blockchain on Ethereum--
- What? No, that isn't right, right? - What'd they say?
I don't think its market cap is bigger than Polygon.
- No way. - Ach--
- Say what? Yeah. - Yeah. No, no, no. I agree.
--achieving scalability by using a technique called transaction rollups,
which sends batches of transactions to the Ethereum mainnet.
That's why you watch us break this down.
Sometimes you might read an article.
Don't believe everything that you read.
Actually, don't believe anything that I say.
I'm kidding. I'm kidding.
- I do heart JPEGs or NFTs. That's real. - Hey!
Alright.
Binance, the largest crypto exchange by trading volume, will list it at 17:00 UTC,
- It's live. - with perpetual futures being rolled out about15 minutes later.
That is one I'm staying away.
Are you trying to trade that for the first day?
- ARB? - Yeah.
- No, I'm not touching that. - Yeah, I'm staying away.
Alright. Now to--
now, this is Nick's favorite,
- favorite section there. - It's my segment, baby.
And I know, BitLab, this was the part we're supposed to do Kelly.
I'm glad we got Kelly in.
Some people are like, "You're cutting Kelly off."
I just saw the show rolling along.
We have a time limit, folks.
We love Kelly.
Kelly has the alpha.
- So shout-out to Kelly at BitLab Academy - Yeah.
- that all love here. - If we give all the Kelly alpha,
then you're not going to go watch his channel. So you've got to go to the channel.
- Yeah, that's true. - Go to BitLab. Come on.
Actually. I meant to ask him. I forgot at the time.
I want to ask him about, because he's so big on showing blockchain charts,
I wonder if he's been looking at some of the charts
that Balaji has been sharing on some these podcasts.
- Yeah. That's scary. - You know, he'll--
you got Balaji on your podcast, he'll bring like 87 charts for you.
And he's like, "Alright. And this one and then that one and then this one."
He like, you know, has a nice, detailed breakdown for all of them.
We'll have to, you know, maybe get him to look into some of those.
- Alright. XRP surges 11%, - Oh, my God.
- much to Nick's chagrin, - Wow.
- as Ripple President asserts confidence - Wow!
in a Ripple victory!
Monica Long expects Ripple to win its case against the SEC in 2023
because the law and facts are on Ripple's side.
- That doesn't sound biased at all. - Because facts.
That's like a headline from not the news section of Fox News
- but like the Greg Gutfeld. - Yeah.
- Like, some, I guess, would say Greg Gutfeld. - Are these Redditors?
- I love Gutfeld. - Are these Redditors?
Yeah. Alright.
SEC sued Ripple and executives Chris Larsen and Brad Garlinghouse in December 2020
for raising funds through an unregistered securities offering.
Wow! Hey, throw an X up in the chat if you love the World Economic Forum.
And, you know, fun fact,
2013, you know who China's representative for Ripple was?
- No. - Justin Sun.
- Oh, really? - Yeah.
Market cap coming in at $1.2 trillion right now.
- 24-hour volume up slightly yesterday. - You need to refresh that.
Ooh, ooh, let's refresh.
We got old data, folks.
We got all old-- oh, yeah, down 4.5%.
- Yeah, because they had just a recent little-- - Yeah. Look at that.
- Alright. Alright. We're changing things up here. - Look at that.
No. Oooh! It's pumped, baby!
It has pumped.
Hit that like button and let's pump that as well.
24-hour volume now up to $84 billion.
Monday, 75
Tuesday, 65
Wednesday, yesterday, I think it came in at around 70.
Now, 84, basically, 85.
Bitcoin dominance coming in at 44.6%.
Ethereum dominance coming in at 17.9%.
Gas is double from where it was, you know, for most of the week.
Now coming in at 45 Gwei.
Wow, look at that little Bitcoin pump.
I knew I should have--
oh, man.
I was in a short, and I don't think I put a take-profit.
- Oh, man. - Oh, well, that's why you put a take-profit.
That's why you've got to move it.
You've got to move it. You don't want to have a winning trade turn into a negative.
To me, it's such a small amount fiat-wise.
I didn't really do all the rules that I should have.
"Deezy doesn't own any T-shirts, only hoodies."
I own, like, four.
Alright. Bitcoin is up for the week 17%,
but right now coming in largely flat down 0.2%.
Ethereum up slightly 1.5%.
We have--
that's actually a significant move.
Tether coming in, okay, yeah,
you look at it, it's coming in at $1.01 there.
Wow! XRP is still having a green day, up 25% on the weekly.
Cardano slowed down, had a really nice pump yesterday,
- now just kind of cooling off up 0.7%. - Nice.
- We're going to add some-- - Nice.
Nice, nice. It is nice.
And then we have Dogecoin up slightly.
Lido Staked Ether up slightly.
Polygon and Solana with a little downtick.
Look at that Litecoin pump.
Is that what Tom Crown is typing Sherpa over and over for his giant bag of Litecoin?
I think they call him Mr. Litecoin.
He is quite happy right now.
When you think of Litecoin, think of Tom, of course.
Toncoin down a ton.
Now, let's look at the top gainers and the top losers there.
Alright. We're going to put up a poll.
We love Tom.
Alright. Now, whooo!
The No. 1 gainer in the top 100 is Litecoin, folks.
Now, we're up around 15%.
Mask Network breaking into the top 100.
So coming in now up about 12%.
Dash
Dash up double digit points, up 10%.
Aptos up a little bit.
We have Radix, Stacks and The Graph.
The Graph
Do you have any bold proclamations about The Graph?
I mean, The Graph was a huge, huge pumper in January.
I think it was January of '21.
I think it was mostly because there's not that many coins on Coinbase at the time,
so people are just looking to put their Bitcoin profits into something.
- Yeah. - What do you think about The Graph?
I have a--
I have a tumultuous relationship with The Graph
because Gemini is currently holding a big bag of my Graph in there
because I had it in the Earn program.
Hmm.
So, I mean, the project is great.
We reviewed it on the channel recently.
It's like AI adjacent.
It's kind of like an oracle but also like a search engine for blockchain.
So it's-- it has really good tech.
- I think it'd be around for a while. - It's like the opposite of Chainlink.
- It feeds the opposite direction kind of. - Yeah. Yeah, yeah, yeah.
So it's a really interesting project.
Alright. More NFT news.
- Home base here, Hotlanta, - Hey!
Atlanta home tokenized on Ethereum nets $214K in under three minutes.
So they took a loss?
The sale marks the first step in a new partnership between RealT and Roofstock.
Single family-focused sales company sold off a Georgia home via tokenized NFT,
representatives for both companies told Blockworks on Tuesday.
It marks their first collaboration between the two companies.
Spokesperson disclosed metrics behind the fractionalization of the NFT by RealT.
670 unique token holders snapped up a total of 722 orders.
Transaction process took two minutes and 46 seconds.
The average ETH-based purchase equated to about $300.
Ether collected through their tokenization offering this week
partially divides ownership of the property acquired for 218,000 USDC on OpenSea.
They're saying tokenization is the future, and you can be sure the SEC is listening.
It looks like they're trying to be the bridge between an NFT and equals an asset.
- You need centralization for that. - Yeah.
Or I'll sell you an NFT to my house right now.
You know what?
Go to the Georgia County real estate, they're like, "Who are you talking about?"
And you're like, "But I bought it from deezy.rugpull.eth!"
No, that's not going to work.
There's going to be a need for centralization.
There's going to be a need for a medium, a central party to get the paperwork in order
and make it as easy as possible for the two parties, the buyer and the seller.
I don't want to be the guy that's like, you know, poring over a bunch of real estate contracts
making sure everything's right.
You just want a trusted third party.
It looks like they're going to try to be that.
So pretty bullish for that in the future.