Latest / The Starting Block / Unpacking Telegram’s evolving crypto ecosystem

Transcript

Unpacking Telegram’s evolving crypto ecosystem · The Starting Block

0:09
Welcome back to the starting block.
0:11
We are live coming to you in
0:13
the middle of the week. It's been a
0:15
good week so far and we are
0:16
continuing that momentum with a big
0:18
show today. We're gonna be talking
0:19
about Wallet and Telegram that
0:21
recently rebranded to Walt.
0:23
So we've got Alex Kruglov on the
0:25
show today to talk to us about that
0:27
rebrand, his history in the industry
0:28
and what we can look forward to
0:30
seeing in that Telegram ecosystem.
0:32
And if you're wondering why we're
0:33
talking about Telegram,
0:35
you know, crypto, if you've got any
0:36
crypto conference.
0:37
Most people are showing you their
0:39
Telegram QR
0:41
codes and they're asking to connect
0:43
on Telegram.
0:44
One billion people around the world
0:45
use Telegram, it's integrated with
0:48
crypto and blockchain rails
0:50
you can trade,
0:52
tokenized stocks and securities, all
0:54
sorts of things on Telegram so it's
0:56
going to be a really interesting show
0:57
today, chatting about that in the
0:59
hot seat. But of course, if you've
1:00
been with us before, you'll know
1:01
that we start off the show with the
1:03
block briefing, which is a quick
1:04
rundown of the top stories you need
1:06
to know. Over the last 24 hours
1:08
curated from the block's
1:10
editorial newsroom where
1:12
we're covering the top stories you
1:14
need to know.
1:14
So we're gonna be jumping straight
1:15
into our first headline of the day
1:17
before we move into the hot seat.
1:20
And Robinhood is going big on
1:21
crypto derivatives.
1:22
This story coming out of Korea
1:24
Blockchain Week overnight.
1:27
The trading app says it will roll
1:28
out in-app perpetual futures for
1:30
eligible US users in the coming
1:32
months, letting traders go long
1:34
or short on Bitcoin, Ether.
1:35
Solana, XRP, Dogecoin
1:37
and more.
1:38
Expect up to 10 times leverage on
1:40
Bitcoin and Ether, three times on
1:42
everything else with Bitstamp
1:44
powering the offering and fees at
1:45
just one hundredth of a percent per
1:47
trade through year end.
1:50
Robinhood's also adding around the
1:51
clock trading on select US stocks.
1:53
It's another sign that the retail
1:55
giant wants to own
1:57
the weekend.
1:58
So a big move from Robinhood
2:00
moving into.
2:02
The crypto derivative space,
2:04
and it'll be interesting to see how
2:05
all the other incumbents in the
2:07
industry react to that.
2:09
Our second story, a first for the US
2:11
ETF markets.
2:13
Bitwise has launched the Bitwise
2:14
NIA ETF with the ticker
2:17
NRR.
2:18
That's the first American spot fund
2:20
offering direct exposure to NIA,
2:22
now trading on the New York Stock
2:24
Exchange's ARCA.
2:25
The fund charges a
2:27
0.75% management
2:29
fee. But here's the kicker Bitwise
2:31
plans to stake its NIA holdings
2:33
in-house, passing those staking
2:34
rewards to shareholders through the
2:36
funds net asset value.
2:38
CEO Hunter Horsley is pitching NIA
2:40
as infrastructure for an emerging AI
2:42
economy, where AI agents act
2:44
and transact on our behalf.
2:47
Another single asset crypto
2:49
ETF hits the tape.
2:51
Then a word of caution for Bitcoin
2:52
bulls, CryptoQuant says the market's
2:54
still firmly in a bull run.
2:56
Bitcoin's close above its 365
2:58
day moving average confirmed it
3:00
and the firm's bull score sits
3:02
at an extremely bullish 90
3:04
out of 100.
3:05
But after Bitcoin tagged an eight
3:06
month high around $87,400
3:09
short-term holders, unrealized
3:11
profits have hit their highest level
3:13
in 21 months.
3:14
Head of research, Julio Moreno,
3:17
warns that rising profit-taking
3:18
and cooling demand mean a correction
3:20
could be near the translation here.
3:22
Things are still bullish, but don't
3:23
be surprised by a pullback.
3:26
Then Washington's scrutiny of
3:27
prediction markets is widening.
3:29
House oversight chair, James Comer,
3:32
has fired off letters to crypto.com,
3:34
Hyperliquid and Predict It,
3:36
demanding records on how they verify
3:37
users and detect suspicious
3:39
trading.
3:40
Comer wants to know what tools they
3:41
use to flag trades that could
3:43
involve non-public information and
3:45
which cases they've referred to
3:47
regulators or law enforcement over
3:49
the past two and a half years.
3:51
He even asked crypto.
3:52
Com. Where their affiliate employees
3:53
traded on contracts tied to
3:55
corporate decisions like token
3:57
listings before they went public.
3:59
The insider trading probe is clearly
4:01
heating up in that sector.
4:03
Then prediction market Kalshi is
4:04
pulling the plug on a key incentive.
4:07
In a Monday filing with the CFTC,
4:08
Kalshe said it
4:10
will end its volume incentive
4:12
program no earlier than October
4:14
13th.
4:15
Launched back in 2023, the program
4:17
paid traders from award pools
4:19
based on their share of eligible
4:20
volume.
4:21
All to boost liquidity and pricing
4:23
efficiency.
4:24
The move comes amid wash trading
4:26
allegations and it's notable
4:28
timing because Kalshi's monthly
4:30
volume just hit an all-time high
4:31
of nearly $53 billion in
4:33
September with the month not
4:36
even finished.
4:37
I don't want to throw my producer
4:38
Jordan under the bus here, but he
4:39
was also pointing fingers and kind
4:40
of scratching his head.
4:41
You're wondering how they're getting
4:42
such high volumes.
4:44
But on that note, we did have a very
4:46
interesting conversation with
4:48
Kalshie at
4:50
the Avalanche Summit in
4:52
New York a couple of weeks ago.
4:54
If you missed that interview, you
4:55
can go and find it on the block's
4:56
YouTube channel. Just click on the
4:57
live tab and you'll be able to
4:59
find both days of broadcasting at
5:02
Avalanche Summit.
5:03
Then our final story, crypto's
5:05
political machine is flexing.
5:07
Weeks after the Clarity Act, that
5:08
sweeping crypto market structure
5:09
bill stalled in a Senate procedural
5:12
vote, the Coinbase-backed
5:14
advocacy group, Stand With Crypto,
5:16
has rolled out its first round of
5:17
Senate endorsements.
5:18
The group is backing Republican
5:20
Senator John Husted in
5:22
Ohio, who's running against crypto
5:24
skeptic and former Senate banking
5:26
chair Sherrod Brown, plus candidates
5:28
Ashley Hinson in Iowa and
5:30
Chris Pappas in New Hampshire.
5:31
It's a clear signal the industry
5:33
plans to spend big and pick sides
5:35
heading into the midterms after
5:37
legislation hits a wall
5:39
on the hill.
5:40
And once again, just a reminder of
5:42
our broadcast at Avalanche Summit,
5:44
we had a chance to speak to key
5:46
policy makers.
5:47
And former policy makers and heads
5:48
of industry at that
5:50
conference, including the likes of
5:52
former CFTC chair, Chris Giancarlo.
5:55
You wanna go and check out those
5:56
interviews once again, they're on
5:58
the Blocks YouTube channel.
5:59
While you're there, please hit
6:00
subscribe. We're putting out as much
6:01
good content as we can, and we will
6:03
be putting out more of that next
6:04
week when we head to Singapore for
6:06
Token 2049.
6:07
That is it for the Block briefing
6:09
today. If you wanna read some more
6:10
of the stories from our fantastic
6:12
news team, go and checkout the
6:14
Block's website, theblock.co.
6:15
And just a reminder that we also
6:18
re-launched our
6:20
AI sister site, the Latent,
6:22
where you can find all
6:24
the latest news on anything to do
6:26
with AI models,
6:28
benchmarks, data relating to that
6:30
industry.
6:31
Go and check that out.
6:32
That's thelatent.co.
6:34
You can also find that handle with
6:36
exactly the same details.
6:38
The Latent Co on X, go and
6:39
give that a follow if you haven't
6:41
already. All right, that wraps that
6:43
up. We're gonna be moving straight
6:44
into the hot seat today and we're
6:45
gonna have a short show.
6:47
It's a great pleasure to
6:49
welcome Alex Kruglov to the show.
6:52
He's joining us from
6:54
Wallet and Telegram, which just
6:56
rebranded to Walt.
6:58
Alex, it's great to have you on the
6:59
show, first things first, before
7:01
we talk about the rebrand and
7:02
everything we need to know about
7:03
that, how are you
7:05
doing? And can you give us a quick
7:07
TLDR of your history in the
7:08
industry? You were telling us off
7:09
air a very, very interesting story
7:10
about your your past working at VK
7:13
and moving into the Telegram
7:14
ecosystem.
7:16
Yeah, hi, hi.
7:17
Nice to meet you.
7:18
Nice to talk to all the
7:20
podcast listeners.
7:22
TLDR. So basically, I was working
7:24
on social media landscape for
7:27
like probably 15 years,
7:29
starting with the advertisement
7:30
agency and then following up with
7:32
10 consecutive years at
7:34
Russian social network VK.
7:37
But when the
7:39
platform got bigger and it
7:40
got much more and more corporate,
7:43
Some part of
7:45
the team including myself
7:48
and Andrew Ogosev who is our
7:50
CEO and he was a CEO
7:52
of Viki after Pavel Durov
7:54
left the company.
7:56
We decided we want a new
7:58
challenge that will be
8:00
something cutting-edge technology
8:03
and we
8:05
started building startups
8:07
in Tone ecosystem,
8:10
in Tones and Telegram ecosystem.
8:12
So.
8:13
It was quite
8:15
a new challenge.
8:17
At the same time we
8:19
probably were only among few
8:21
people in the world who understand
8:22
how the social networking platforms,
8:25
how messaging platforms can
8:28
integrate with mini applications,
8:31
bots and everything like this.
8:33
So this is a quite a unique
8:35
experience that's only available
8:37
in a
8:39
few Asian countries.
8:41
Where people are familiar with
8:43
WeChat concept and less
8:44
familiar in other
8:46
parts of the world.
8:47
So we decided why don't we combine
8:49
this experience with the great
8:51
opportunities that blockchain
8:52
provides and build some
8:54
products and that's
8:56
how the company that's now called
8:58
Top.com was
9:00
established and we
9:02
run some businesses
9:04
on our own and then
9:06
we've acquired some the companies.
9:08
To basically build the
9:11
infrastructure layer around
9:13
like between blockchain and
9:15
consumer and products.
9:17
That's how my background
9:19
and our company background was
9:21
established.
9:22
Yeah, sure.
9:23
Alex, can you talk to us and for
9:25
listeners out there that might not
9:26
be too familiar with the sort of
9:28
Telegram ecosystem, the landscape
9:30
as it stands, what wallets
9:32
in Telegram was, how it
9:34
connects to Telegram, the actual
9:36
messenger and
9:38
what that ecosystem looks like.
9:40
Yeah, sure, sure.
9:42
So to those who is less familiar
9:44
with Telegram, Telegram is among
9:46
the largest basically applications
9:48
in the world, specifically
9:50
being the messenger platform with
9:51
more than one billion users.
9:55
And that's from the
9:57
very beginning, I would say, it was
9:59
very into freedom.
10:02
And that blockchain as a
10:03
technology really, really correlates
10:06
with this approach.
10:07
So telegram adapted.
10:09
Idea of providing
10:11
blockchain, providing
10:13
crypto to consumers
10:15
very, very early.
10:17
But then after a series of
10:19
iterations, as
10:21
they've put Tone Blockchain,
10:23
originally developed by Nikolai
10:25
Durov, into
10:27
the hands of the community.
10:29
And couple of
10:31
products appeared.
10:32
Around this idea, around
10:34
the idea of community-governed
10:37
token, community- governed
10:39
blockchain.
10:41
And Wallet and Telegram was one
10:43
of those products.
10:45
It was basically developed
10:47
in
10:49
the times when token,
10:51
when Tonecoin, now Gram,
10:53
was not traded on exchanges and
10:55
people couldn't basically buy it and
10:57
purchase it.
10:58
So, the team
11:00
delivered a very, very simple
11:02
product initially.
11:03
It was just a text bot where you can
11:05
purchase and store
11:08
Tonecoin
11:10
in a custodial way.
11:12
But over the five years,
11:14
it developed into a
11:17
fully capable
11:19
crypto application.
11:20
So, Vault now supports
11:23
approximately 300 different
11:25
assets including real vault assets.
11:27
I like tokenized gold, tokenized
11:29
stocks, and many, many more.
11:32
And to be honest, we've
11:35
outgrew the idea of being like, you
11:36
know, just wallet because it was
11:38
an initial approach, like, let's
11:40
just do wallet for Tondcoin for
11:43
people who want to store it within
11:44
Telegram.
11:46
And yeah, the time has come for
11:48
us to move forward.
11:51
And that coincides
11:53
with the time when Telegram is
11:55
stepping in back.
11:58
Into the active role
12:00
in the Tone ecosystem.
12:02
So they are in process of rolling
12:04
out their own wallet
12:06
for users.
12:06
It's going to be a
12:09
self-custodial wallet with
12:11
very basic features
12:13
that are needed by
12:15
majority of Telegram users.
12:18
Just to pull the token to use it
12:20
for. Telegram related assets,
12:23
so being specifically user
12:25
names, tokenized gifts
12:27
and everything else that's
12:29
related to Telegram.
12:31
And we are pushing forward
12:33
for people who are more
12:35
interested in trading,
12:37
in using crypto in
12:40
their daily experience.
12:43
And yeah, we've decided that
12:45
we will go with our own name,
12:48
still like it was important for us
12:50
to keep some.
12:51
Some legacy behind it.
12:53
So that's why the name is
12:55
really close to the previous one.
12:57
We've just dropped off two letters.
13:00
And so yes, the name got shorter,
13:01
but the product got much, much
13:03
bigger over the course of last
13:05
years.
13:06
And yeah, it's required actually
13:08
a standalone name.
13:09
We had the idea about it like
13:11
three years ago already, but
13:13
we decided, okay, probably telegram
13:16
integration, not the
13:18
integration.
13:19
But they're being very native to
13:21
Telegram, providing very native
13:23
experience is more important.
13:25
Now, as Telegram is finally
13:27
taking their role in the ecosystem,
13:29
we can finally put this ecosystem
13:32
commitment back to them and
13:34
focus on more advanced
13:36
business decisions.
13:38
Talk to us a little bit about the
13:39
rebrand and the actual name to
13:41
Vault. As you mentioned, Orfe,
13:43
it's very similar to
13:45
Vault, which I think makes
13:47
a lot of sense in the context of how
13:49
things have evolved in
13:51
the cryptocurrency space.
13:52
People are not only holding assets
13:54
in a wallet like it
13:56
originally was.
13:57
You can earn yield on your products.
13:58
You can gain access
14:00
to tokenized versions
14:02
of RWA assets,
14:04
whether that's securities, all sorts
14:06
of different things.
14:08
Yeah, give us the kind of idea
14:10
around Walt and also just the
14:11
expansion of the product itself,
14:13
because as you mentioned, a lot of
14:14
people can do a lot things on this
14:16
app and it's kind of natively
14:17
integrates into Telegram, which
14:19
makes it very powerful
14:20
when you consider that you've got
14:22
network effects of 1
14:24
billion people.
14:26
Yeah, you've got that work effect
14:28
and you've got the convenience of
14:30
the messenger. So I can basically
14:31
send you the crypto as
14:33
easy as sending message.
14:34
So I don't need to know your
14:36
blockchain address.
14:37
I don't need to worry
14:39
about, oh, didn't I make any
14:41
typo when I'm putting
14:43
the on-chain address?
14:46
That's really what we basically do
14:48
at Top, like taking a
14:51
very cutting edge technology into
14:53
very convenient product.
14:54
On a scale.
14:57
And as for the new name, yeah,
14:58
I personally, I enjoy it so
15:00
much.
15:02
It has, first of
15:04
all, this is the legacy
15:06
to wallet, because especially
15:08
in FinTech, in
15:10
crypto specifically, but while
15:12
we're speaking in Fin Tech,
15:15
you need to have
15:17
the continuity of the business
15:19
so that people understand okay
15:20
that's not something brand
15:22
new and unique and not from
15:24
outer space, but it's something that
15:26
they are used
15:28
to.
15:29
And then it has
15:31
the sound of vault.
15:33
Yeah, that's really provide
15:35
some safety for
15:37
people. But also since it's
15:39
actually a name, I mean a
15:41
person's name, I really like
15:43
the humanity that the
15:45
new brand brings into
15:47
our life.
15:49
I really like brands
15:51
to be more like people
15:53
focused and that's
15:55
what world brings us.
15:58
And yeah, from product perspective,
16:01
you've already mentioned quite
16:03
a lot of features that
16:05
we as a custodial product provide,
16:07
being the earned product,
16:09
the trade product, investment
16:11
product. And they were,
16:13
we've announced basically that
16:15
the next...
16:17
Launch is going to be
16:19
agentic trading.
16:20
I'm quite happy that we've
16:22
announced it a day before Robinhood
16:25
shared the news that
16:27
they will put their agentic
16:29
trade wider.
16:30
So that's a good news.
16:32
I believe the industry will be
16:34
going in the same direction.
16:36
And we will launch
16:38
soon the crypto cards.
16:40
I assume that's also very convenient
16:42
way of using your crypto
16:44
in real life.
16:46
That's what a lot of people have
16:48
requested over the last
16:50
year, and more and more companies
16:52
are bringing it, and with Telegram's
16:54
distribution, I assume we
16:56
will be one of the largest
16:58
players in
17:00
the space in many, many regions,
17:02
especially focused on emerging
17:04
markets where Telegram is really
17:05
strong.
17:08
Just on the crypto cards piece,
17:10
I have a lot of former colleagues
17:12
and friends that are from Russia
17:14
and I know a lot them, once they
17:16
start using crypto, it becomes very
17:17
difficult to do things with
17:19
different bank accounts.
17:20
Is this potentially a very
17:22
good solution for that
17:24
branch of your users?
17:26
No, not for
17:28
Russians because as
17:30
you know, they're sanctioned
17:32
and we do not provide the
17:35
services for
17:36
Russians for now
17:39
the crypto car specifically.
17:41
But at the same time, there are many
17:43
regions where people are like
17:44
underbanked being a
17:47
lot of spaces in Asia,
17:49
a lot of space in Africa, a lot
17:51
of places in Latin America.
17:53
So where traditional
17:55
finance systems simply don't work
17:57
and you know
17:59
like crypto is very good for
18:01
paying for services for
18:04
many services where you can do
18:06
online payment but people
18:08
in developing countries and emerging
18:10
countries have
18:12
majority of their
18:14
spend into food and
18:16
lodging.
18:17
So that's not a way you can
18:19
use crypto very easily
18:21
in a store next door.
18:24
That's where you would prefer using
18:26
something more old school
18:28
like cards.
18:29
And those
18:32
are the that we primarily
18:34
address.
18:36
I'm very curious, Alex,
18:38
how much you guys have looked at the
18:40
rise of new apps, Hyperliquid.
18:43
Obviously, Robinhood chain came out
18:45
very recently and they've just
18:46
announced perpetual
18:49
futures coming in
18:51
the short-term future.
18:53
You've got apps like FOMO.
18:56
There's lots of different apps that
18:57
are now competing for the same sort
18:59
of holding. Do you see yourself?
19:01
And this app, just being connected
19:03
to Telegram, having a bit more of an
19:04
advantage again, just tapping
19:06
into the network effects with the
19:08
amount of people that actually just
19:09
use Telegram for day-to-day
19:10
messaging.
19:12
Yeah, that's exactly our approach.
19:14
So from the very early days
19:16
of working in crypto,
19:19
I'm talking that there are
19:21
hundreds and thousands of
19:23
brilliant people who have been
19:25
working for the last 10
19:27
years on
19:29
delivering crypto into
19:31
lives of people.
19:33
And to be honest, in my opinion,
19:35
there is no massive success yet
19:38
in this space.
19:39
So like Three years ago,
19:41
four years ago everybody was talking
19:43
about mass adoption of
19:45
blockchain, but the
19:47
companies are not succeeding because
19:49
they are primarily focusing the
19:52
very professional segments of
19:54
HoloLens, the traders basically,
19:56
because you can earn
19:58
most of this specific segment.
20:01
We have a very different approach.
20:03
We believe that like the
20:05
pure marketing approach.
20:07
Will not help you.
20:08
Like for Telegram, they didn't do
20:10
any marketing to
20:12
promote the
20:14
messaging application.
20:16
We believe that distribution for
20:19
products that is as complex
20:21
as a blockchain
20:23
wallet or blockchain trading
20:25
application or any kind of
20:26
crypto application.
20:27
So there is a huge challenge
20:29
of explaining the whole thing
20:32
behind crypto, how it's different
20:33
from fiat.
20:34
Everything like this.
20:36
So trying to do it in a
20:38
manner as
20:39
do most
20:42
crypto companies do,
20:45
is so challenging.
20:47
You can hardly make
20:49
it successful. So it's really
20:51
important to get a distribution
20:52
partner who
20:54
is interested, who is
20:56
convinced and is ready to
20:58
go like all in into putting
21:01
your idea.
21:04
To mines of regular
21:06
people.
21:07
So we believe that regular
21:09
people, those retail guys,
21:11
will be the ones who will drive this
21:13
next stage of
21:15
adoption.
21:16
It's also good to have
21:18
the regulation space
21:20
coming up so that many
21:22
central banks don't just consider
21:25
crypto as some
21:27
grayish area that,
21:29
I don't know, some criminals are
21:31
using so they understand the
21:32
convenience.
21:33
Of blockchain and
21:36
the transparency that it brings is
21:38
actually much better
21:40
than in many cases a
21:42
traditional finance and they're
21:44
providing the legislation frameworks
21:46
to operate
21:48
properly
21:51
and that's I assume
21:53
how in the next couple of
21:55
years we're going to advance much
21:57
much faster to
21:59
deliver.
22:00
The relevant product
22:02
to Telegram's 1 billion
22:04
users, be
22:06
it like a very, very simple starting
22:07
experience that Telegram will
22:09
provide on their own, or a
22:11
slightly more sophisticated,
22:12
slightly more advanced way of
22:15
yield products, trading cards
22:18
that we will
22:20
forward after Telegram
22:21
does the basic introduction.
22:25
My final question to you, Alex, and
22:27
not to put you on the spot to bring
22:28
up stats or anything like that, but
22:30
last year when I was at Token 2049,
22:34
RWA tokens on chain
22:36
on Wallet and Telegram were
22:38
announced.
22:39
I think it's been about a year since
22:40
you've had that product.
22:42
What are the sort of volumes that
22:43
you're seeing in the app?
22:45
Is it more crypto trading than RWA
22:47
tokenized stocks,
22:49
ETFs, metals that are being trading?
22:50
Like, what's the majority of
22:52
your user base doing on
22:55
the app?
22:56
The majority are still
22:58
trading Bitcoin,
23:01
Bram and other crypto assets,
23:05
but probably the most important
23:07
stats here is that
23:09
40% of users who
23:11
are starting to use wallets or
23:13
the new users that are
23:16
getting into the journey with
23:18
us are starting actually
23:20
with RWA.
23:21
So either gold or
23:23
tokenized stocks.
23:25
And from what I can hear from
23:27
consumer interviews, product
23:29
interviews, and just, you know, chit
23:31
chatting with friends is
23:33
that people start
23:36
separating crypto from
23:38
a traditional stock market.
23:41
So like four years ago,
23:43
the Tesla stock and Bitcoin
23:45
were in totally different
23:48
mindsets of people.
23:49
Nowadays, they're talking about
23:51
those two in totally
23:53
the same way.
23:54
So they don't make a
23:56
difference between tokenized
23:59
stocks, tokenized assets and
24:01
crypto like that.
24:03
Traditional crypto, if
24:05
I can use this phrase.
24:07
So I assume in
24:09
the next maybe one or two
24:11
years there
24:14
will be no difference that
24:15
traditional finance is adopting
24:17
more and more of
24:20
crypto tokens and the crypto
24:21
applications are adopting more and
24:23
more. Tokenized assets
24:25
from the real world.
24:27
So, I was recently in
24:29
a conference in Kazakhstan and
24:31
the topic that was discussed
24:33
the most was the Grain Token
24:36
that the local
24:38
team was developing around
24:40
the agriculture industry.
24:42
So that's something very,
24:44
very great where you connect
24:47
this very old-school
24:49
agriculture industry with
24:51
the cutting-edge technology of
24:52
blockchain. So I assume that's
24:54
the future that is waiting for us
24:56
in 2027.
24:58
Beautiful.
25:00
Alex, thanks so much for taking the
25:01
time to talk to us again.
25:02
Congratulations on the rebrand of
25:04
Wallet and Telegram to Walt.
25:05
If you want to go and check all of
25:06
that out, you can find the handle.
25:09
It's Walt underscore IO
25:11
on X.
25:12
And I'm sure anyone who's watching
25:14
the stream, who uses Telegram and
25:15
has used the wallet is already
25:17
familiar with the rebround.
25:18
And they've they've updated their
25:19
app to to reflect all of this.
25:22
Alex, we look forward to catching up
25:23
with you in the
25:25
next few months to see what's
25:27
happening. But again,
25:28
congratulations.
25:30
Thank you. Thank you so much.
25:31
See you.
25:32
Thanks very much, Alex, for joining
25:33
us and thank you for watching the
25:35
Starting Block today.
25:36
We're gonna be wrapping up the show
25:37
now. We are gonna be having a
25:39
guest from Coinbase on the show
25:41
tomorrow to talk about policy in
25:43
Europe. So, looking forward to that
25:45
show. Again, set a reminder on your
25:47
clocks if you don't already.
25:48
We broadcast at 8.30 a.m.
25:49
Eastern Time or 2.30 p.m.,
25:51
Central European Time, if you
25:53
are on my side of the world.
25:56
If you're gonna to be at Token 2049
25:58
next week, please keep
26:00
an eye out for the Block Team.
26:01
We'll have a booth.
26:02
Onsite. We're going to be shooting
26:03
some content across the two days.
26:06
I am very happy to
26:08
announce that I'm also going to one
26:09
of the hosts for Coinbase Champions,
26:11
which is their live
26:13
trading competition.
26:14
We've got Ansem and a few other big
26:16
name traders joining us to
26:17
battle out for $150,000.
26:19
So keep an eye out on my socials for
26:21
more details on that. I'm really
26:22
excited to be hosting that next
26:23
week, Thursday night.
26:25
So either way, if you're in
26:27
Singapore next week come and say
26:28
hello if you're not.
26:29
Keep an eye out on the block
26:31
socials. We will be putting out a
26:32
lot of content from the conference
26:33
so you can keep up if you
26:35
are not there.
26:37
Until tomorrow, have a fantastic
26:38
morning or evening, wherever you
26:39
are. We'll see you on Thursday.