Latest / The Starting Block / EXCLUSIVE - Chainlink deepens ties with S&P
Transcript
- 0:07Welcome back to The Starting Block.
- 0:09Happy Wednesday to you, wherever
- 0:11you're joining us from this
- 0:12afternoon or this morning.
- 0:14My name is Gareth Jenkinson.
- 0:15I am the host of The Starting block
- 0:17and the head of multimedia here at
- 0:18The Block. If you're joined us for
- 0:20the first time, welcome to the show.
- 0:21We've been broadcasting for
- 0:23three months already.
- 0:24And it's crazy to think
- 0:26that, all those weeks
- 0:28and months ago, we were sitting down
- 0:30with CZ in Abu Dhabi
- 0:32to launch the show live.
- 0:34If you missed any of the content
- 0:35we've done over the last few months,
- 0:37please go and check out the Block's
- 0:38YouTube channel. That's where the
- 0:40majority of all of our live shows
- 0:41are. You can also catch up with some
- 0:43of the packaged videos
- 0:46on our timeline.
- 0:47Of course, we've been around the
- 0:48world in the last weeks.
- 0:49We've been to Singapore.
- 0:51We've being to New York three times.
- 0:53We were in Lugano last week
- 0:55as well. So it's been very, very
- 0:57busy for us. And if you've missed
- 0:58any of the interviews that we've had
- 1:00with big newsmakers.
- 1:02You can go and find those on the
- 1:03Blocks YouTube channel.
- 1:04Subscribe while you're there.
- 1:05And if you're watching us
- 1:07on X this afternoon, please
- 1:09like and retweet the broadcast so
- 1:10more people can join us for today's
- 1:12discussion.
- 1:13One last plug, if you missed our
- 1:15conversation with Anthony Scaramucci
- 1:16yesterday, we had him on the show,
- 1:18really interesting half an hour
- 1:19conversation with Mooch.
- 1:21I have shared the full version
- 1:23of that interview on my X account
- 1:25at Gaza underscore jinx.
- 1:26You can go and listen to that full
- 1:28conversation with Anthony
- 1:29Scaramucci. We've also got
- 1:30timestamps there.
- 1:31So if you wanna jump to any specific
- 1:33parts of that conversation,
- 1:34highly recommend doing that.
- 1:36He had some really interesting
- 1:37thoughts on Michael Saylor and
- 1:39strategy towards the end of the
- 1:40interview. He also spoke about Katie
- 1:42Zachariah and her ousting
- 1:44from the White House.
- 1:45Of course, Anthony Scaramucci
- 1:46himself only lasted 11
- 1:48days as the White house press
- 1:50secretary. So he can speak from
- 1:52experience what that was like.
- 1:53He also touches on that in the
- 1:55interview, I can highly recommend
- 1:56going and listening to that
- 1:58conversation.
- 1:59Today, we are going to be joined by
- 2:00Andrew McCormick.
- 2:01From Chainlink Labs a little bit
- 2:03later to talk about and
- 2:05extending of their work
- 2:07with SMP Global.
- 2:09We'll have him in the hot seat in a
- 2:10few minutes time, but first things
- 2:12first, we're gonna start things off
- 2:14with the Block Briefing.
- 2:15And if you haven't been here before,
- 2:16the Block briefing is our rundown of
- 2:18the top stories you need to know
- 2:19in the last 24 hours curated
- 2:21from the Block's fantastic
- 2:24editorial news team and our
- 2:26website. So let's jump into our
- 2:27first headline of the day.
- 2:29Galaxy Digital is back in the black.
- 2:31The Mike Novogratz led firm swung
- 2:33to $323 million
- 2:35in net income for the third quarter,
- 2:37a sharp turnaround from an $85
- 2:39million loss the quarter before.
- 2:42Adjusted gross profit jumped to
- 2:44$569 million powered
- 2:46by growth across crypto trading,
- 2:48lending, and its fast expanding AI
- 2:50data center operations.
- 2:52Trading volumes rose 12%, and
- 2:54there's a sweetener for
- 2:55shareholders.
- 2:56Galaxy announced a brand new $200
- 2:58million.
- 2:59Share buyback.
- 3:00Net income still trailed last year's
- 3:02figure but momentum's clearly
- 3:04pointing back up for Galaxy.
- 3:07Then a major milestone for
- 3:08stablecoins Moody's has handed
- 3:09Ripple's RLUSD investment
- 3:11grade ratings an A2
- 3:13long-term and a P1 short-term
- 3:15deposit rating.
- 3:16The agency pointed to the credit
- 3:18quality and market value of RL
- 3:20USD's reserves, its liquidity
- 3:21and its redemption set up.
- 3:24Those reserves, Moody says, are
- 3:25parked mostly in highly liquid
- 3:27short-duration U.S.
- 3:28Government assets and cash, with the
- 3:30custodian targeting 103%
- 3:33coverage more than the rating
- 3:35requires. It's a notable stamp
- 3:36of traditional finance credibility
- 3:38for Ripple's dollar-back token
- 3:40as the stablecoin race
- 3:42continues to heat up.
- 3:44In staying with Ripple, they're
- 3:45deepening their ties with one of
- 3:46Wall Street's oldest names.
- 3:48BNY is expanding its partnership
- 3:49with Ripple, adding XRP and
- 3:52the RLUSD stablecoin
- 3:54to its institutional custody
- 3:56platform.
- 3:57The bank already access RLUSD's
- 3:59primary reserve custodian, but
- 4:01under the new deal, BNY clients will
- 4:03be able to mint and redeem RL USD
- 4:05directly through the bank.
- 4:06The two are also exploring tokenized
- 4:08trade finance on XRP
- 4:10ledger, working with FinTech
- 4:12C2FO to
- 4:14finance approved invoices
- 4:16on chain.
- 4:17Then Robinhood's crypto engines
- 4:19revving up the company's crypto
- 4:20revenue jumped 20% from
- 4:22the prior quarter to $120 million.
- 4:25A new big contributor here is
- 4:27of course, Robinhood chain, the
- 4:29firm's own blockchain pulled
- 4:31in 26 million in
- 4:33its first full quarter on main nets
- 4:34after launching in July.
- 4:37Strip that out and core crypto
- 4:38trading revenue actually slipped 6%,
- 4:41remains down 55%
- 4:43from last year's bull market peak.
- 4:45Still trading volumes climbed 23%
- 4:47to nearly $50 billion
- 4:49and prediction markets revenue
- 4:50surged to 173
- 4:52million. The fight over prediction
- 4:54markets just escalated to
- 4:56the courts.
- 4:57The CFTC is suing the
- 4:59state of Utah, firing back
- 5:01after Utah sued platform Kalshi,
- 5:03accusing it of offering illegal
- 5:05gambling to residents.
- 5:07The federal regulator filed in the
- 5:08US district court in Utah against
- 5:10the state and its attorney general,
- 5:12Derek Brown, arguing Utah is
- 5:14trampling on the CFTC's turf.
- 5:16In its words, Congress entrusted the
- 5:18agency with sole responsibility to
- 5:20oversee these markets.
- 5:21It's the latest flash point in a
- 5:23growing tug of war between
- 5:24Washington and the states
- 5:26over who polices prediction
- 5:28markets.
- 5:29Then a brutal day for Data Vault
- 5:31AI.
- 5:32Shares of the company, ticker DVLT,
- 5:35cratered nearly 50% yesterday
- 5:37after it revealed it can't withdraw
- 5:39a large amount of Bitcoin from a
- 5:41third party wallet run by the
- 5:43Bitcoin economy exchange.
- 5:44The stock closed around 6.7
- 5:47cents down, almost 50% on the
- 5:49day. With roughly 250
- 5:51million shares trading.
- 5:52That's an eight-fold spike in
- 5:55trading activity.
- 5:56That locked up Bitcoin ties back to
- 5:57a deal with Silex, which had
- 5:59agreed to buy $150 million
- 6:01of Data Vault stock paid in
- 6:03Bitcoin.
- 6:04Now that payment is
- 6:06in limbo, so bad situation there.
- 6:08Then our final story, which will
- 6:10segue straight into the hot seat
- 6:12today.
- 6:13Chainlink is deepening its tie-up
- 6:15with S&P Global Ratings.
- 6:17And this one is aimed squarely at
- 6:19on-chain lending.
- 6:20The two are bringing SMP's
- 6:22vault risk assessments on
- 6:24chain, giving institutions and
- 6:25DeFi users direct access to
- 6:27independent analysis of lending
- 6:29vault risk right where they're
- 6:31deploying their capital.
- 6:32And the timing matters here because
- 6:33this market has exploded.
- 6:35Deposits in blockchain lending
- 6:37vaults hit roughly $10 billion in
- 6:39September up from just
- 6:41one and a half billion two years
- 6:42ago. The assessments weigh
- 6:43portfolio, credit quality, liquidity
- 6:46mismatch and protocol.
- 6:47And governance risk going
- 6:49live first on base.
- 6:51And that is where I will stop with
- 6:52the block bulletin today and
- 6:54I will welcome Andrew McCormick from
- 6:56Chainlink Labs to the show.
- 6:58Andrew, welcome to
- 7:00the Show. It's great to have you with
- 7:01us.
- 7:01Yeah, Garrett, thanks so much.
- 7:03Joy to be here.
- 7:03I'm a little nervous. You kept
- 7:04saying this is the hot seat, but all
- 7:07good, man. I'm excited to chat with
- 7:08you.
- 7:09It's called the hot seat, but that
- 7:11doesn't necessarily mean that I'm
- 7:12gonna put all of our guests through
- 7:14the ringer.
- 7:15So there's no need to stress,
- 7:17Andrew.
- 7:18Look, in layman's terms, can you
- 7:19break down this extension in
- 7:21this collaboration or this work that
- 7:23you're doing with SMP Global and
- 7:24what it means for both TradFi
- 7:26clients and DeFi crypto
- 7:28native users out there?
- 7:30Yeah, super excited about this
- 7:32news and thankful for the chance to
- 7:34chat about it with you today and all
- 7:36your many listeners.
- 7:37So look, S&P Global, it's
- 7:39one of the OGs in the financial
- 7:41space.
- 7:42They go back 150 years
- 7:44and for decade after decade,
- 7:46they're providing investors with
- 7:48critical information about risk.
- 7:50And whether you're an institution or
- 7:52you're a retail trader,
- 7:54risk is a critical part of the
- 7:56decision.
- 7:57So in October, a few weeks ago,
- 7:59they announced their vault risk
- 8:01assessments, looking at lending
- 8:02vaults, assessing risks on the
- 8:04typical AAA, the B, and
- 8:06you know, like we see in traditional
- 8:07equities and bonds,
- 8:10assessing risk for vaults looking at
- 8:12various factors like you teed up and
- 8:14what we're announcing today is
- 8:15they're putting that critical
- 8:17information about this exploding
- 8:19asset class on
- 8:21chain via Chainlink's data link
- 8:22product.
- 8:24And so super excited about
- 8:26this Because.
- 8:27The key to any healthy market
- 8:29is quality, accurate
- 8:31data. And we think this is gonna
- 8:33continue to explode this
- 8:35market and excited to work with
- 8:37S&P Global to make this possible.
- 8:39Can you talk a little bit about the
- 8:41chains that this will be rolling out
- 8:42to and how that might improve some
- 8:44of the data that various
- 8:47service providers in the crypto
- 8:48industry in general are providing,
- 8:50just considering how quickly
- 8:53TradFi is coming on chain and
- 8:55using our infrastructure.
- 8:56Yeah, absolutely. And what a perfect
- 8:58example. I mean, you have S&P again,
- 9:00old school, massive firm doing
- 9:02everything now putting
- 9:04data on chain.
- 9:06These worlds are not converging.
- 9:07I think it's here.
- 9:08It's converged.
- 9:10Launching today with this data going
- 9:12on to base, I suspect in the
- 9:14future, it'll be more and more
- 9:15announcements as this data continues
- 9:16to expand.
- 9:18And the beauty here, especially
- 9:19being on chain, if you're looking to
- 9:21make a decision on different vaults,
- 9:24you can look at the website and see
- 9:25that information.
- 9:27Or you can automate through smart
- 9:28contracts.
- 9:29And I think this is gonna be a big
- 9:31unlock for developers
- 9:33to automate a lot of these money
- 9:35transfers to vault to vault,
- 9:37figure out the best place to put
- 9:39your assets.
- 9:40This coincides nicely with a few
- 9:42weeks ago, we announced a launch
- 9:43called our vault adapters to
- 9:45allow people move assets across
- 9:47vault seamlessly.
- 9:49And I'm excited about the vault
- 9:50space and lending vaults exactly
- 9:52like you said, it's gone from 1.5
- 9:54billion to 10 billion in two years.
- 9:56Think that's like 600% increase.
- 9:58There's not a lot of markets that
- 9:59move that much that quickly.
- 10:02And vaults in general, massive
- 10:04opportunity you think of today in
- 10:06traditional rails, traditional
- 10:08finance, so much money
- 10:10is sitting with investment managers
- 10:12and checking accounts just sitting
- 10:14there.
- 10:15And a lot of times, especially in
- 10:16the checking accounts, bank
- 10:17accounts, you're earning nothing or
- 10:19like point 1%.
- 10:20And if vaults
- 10:22and these types of products will
- 10:23allow people to greater
- 10:25utility from their idle assets
- 10:27sitting there.
- 10:28This market's gonna explode,
- 10:30I believe.
- 10:31Yeah, you're 100% right.
- 10:33I mean, for the viewers out there
- 10:34that might not be too familiar with
- 10:37vaults, it's a term that's
- 10:39kind of crept up in the crypto
- 10:41industry, especially in the last
- 10:42year. I think if
- 10:44you're well established in the
- 10:46industry, you might know, but there
- 10:47might be a few people out there that
- 10:48don't understand what vaults are and
- 10:50how they work. Can you break that
- 10:51down for us very quickly?
- 10:53Yeah, sure.
- 10:54So think if you have a smart
- 10:55contract, and it tells you this
- 10:57is how we're going to use any assets
- 10:59in here, lending, borrowing,
- 11:01some do investments, different
- 11:03portfolios, and you have a
- 11:04supermarket of different vaults to
- 11:06choose from of how you want your
- 11:07capital to be deployed.
- 11:10Some are automatic, it follows the
- 11:11set rules, others can, you know,
- 11:13bob and weave as things change.
- 11:15But if you think about a normal bank
- 11:17account, your money sitting there,
- 11:19you think about investment manager,
- 11:20they're sitting there lending vault.
- 11:23Assets going in often like stable
- 11:25coins and then the vault
- 11:27allocator will
- 11:29you know curator will
- 11:31find the best place to
- 11:33use your assets to earn yield.
- 11:35Now with these S&P ratings you can
- 11:37see the risk involved right and you
- 11:39think okay that yields maybe not
- 11:40worth that risk but now you are
- 11:42empowered to have a better decision
- 11:44so it's all about deploying your own
- 11:46capital in an made a way
- 11:48to hopefully maximize
- 11:50yield while.
- 11:51Bringing on the appropriate risk for
- 11:53you.
- 11:54Andrew, can you talk to us a little
- 11:55bit about Chainlink's role in
- 11:57kind of merging both TradFi and
- 11:59DeFi in general?
- 12:01I've had the privilege
- 12:03of chatting to Sergei Nazarov
- 12:05quite a few times in my career.
- 12:07One of the smartest people out there
- 12:09for sure.
- 12:10But Chainlink plumbing is kind
- 12:12of really operating under
- 12:14the hood of a lot of things
- 12:15happening between TradFi DeFi.
- 12:17Can you talk a little about this
- 12:18evolution and perhaps how you've
- 12:20experienced it from your point of
- 12:22view?
- 12:23Yeah, absolutely.
- 12:24So I am new to the team.
- 12:26I joined the Chainlink crew in June,
- 12:28but for many, many years, I've seen
- 12:29Sergey and other Chainlink
- 12:31leaders talk about what we're
- 12:33witnessing today, this
- 12:35convergence.
- 12:36And this convergence is
- 12:38happening often through Chainlink
- 12:40infrastructure and Chainlink rails.
- 12:42And whether it's data, cross-chain,
- 12:44orchestration, more and more
- 12:46compliance, all
- 12:48the leading institutions out there
- 12:49are using Chainlink it seems in some
- 12:51kind of way. And that's the TradFi
- 12:53players, DeFi, same
- 12:54thing. That's where we started.
- 12:57And now it's the kind of firms in
- 12:59between these fintechs like
- 13:00Robinhood, you mentioned,
- 13:02they use us for cross-chain
- 13:04for tokenized equities, data
- 13:06for tokenize equities.
- 13:08So we see ourselves as a key spoke,
- 13:10bringing all these worlds
- 13:12together and it doesn't happen
- 13:13instantly. And there's a ton of hard
- 13:15work that's happening in the
- 13:16background, but there's more and
- 13:18more happening every day.
- 13:19In. This convergence is real.
- 13:20And even just today, DTCC announced
- 13:23their tokenization services are
- 13:25live. This is real, like tokenized
- 13:27equities trading is happening via
- 13:29probably the largest financial
- 13:31institution on planet earth.
- 13:33And Chainlink has been a big part of
- 13:35that DTTC story for
- 13:37a while. So we're excited,
- 13:39but tired too.
- 13:41Talking about Tide, you guys have
- 13:44the link conference coming
- 13:46up tomorrow. Can you talk a little
- 13:48bit about that and who's going to be
- 13:49there and what's on the agenda?
- 13:52Yeah, super excited about Link
- 13:54NYC happening tomorrow.
- 13:55We've got over a thousand attendees
- 13:57coming. These are leaders from
- 13:59the banks, asset managers,
- 14:01fintechs, entrepreneurs,
- 14:03really excited.
- 14:05Look, I'll admit, I'm biased, but
- 14:06I've never seen a better speaker
- 14:08roster. We've leaders from
- 14:10Robinhood, DTCC.
- 14:13Pretty much every bank on the planet
- 14:15has a leader speaking there.
- 14:17Really, really, excited about this
- 14:19moment.
- 14:19Focusing in on this convergence,
- 14:22right? And not just let's bring
- 14:23these worlds together and let's
- 14:24tokenize everything, but let's do it
- 14:26in a way that is secure
- 14:28and that it can scale and that we
- 14:30can truly help people.
- 14:31So all systems go on this
- 14:33conference tomorrow in New York
- 14:35City, hopefully lots of good
- 14:36discussions, meetings,
- 14:39you know, people hanging out and
- 14:41learning, really, really excited
- 14:42about it.
- 14:43Yeah, my final question to you,
- 14:44just a forward-looking statement on
- 14:47the convergence of TradFi
- 14:49and the crypto industry in general.
- 14:51We've spent a lot of time in New
- 14:53York in recent weeks.
- 14:54We were there at the NASDAQ two
- 14:56weeks ago for the listing of
- 14:57Evernote, which is an XRP treasury
- 14:59company.
- 15:00A few weeks before that, we were at
- 15:01Avalanche Summit and we spoke to
- 15:03really the who's who from
- 15:05big regulators,
- 15:07big financial institutions that are
- 15:09now coming on chain and tokenizing
- 15:11assets. A lot of this wouldn't be
- 15:13possible if we didn't
- 15:15have service providers like
- 15:17Chainlink when it comes to data
- 15:18oracles and feeding high
- 15:20quality information to both
- 15:22crypto native companies like
- 15:24exchanges and then, of course,
- 15:26the other way around this
- 15:28information from our industry to
- 15:30big TradFi players, whether that's
- 15:33NASDAQ, NYSE, these kind of
- 15:34things.
- 15:36Talk to us a little bit about why
- 15:37perhaps you joined Chainlink and
- 15:39where you see fitting into.
- 15:40The future of financial
- 15:43infrastructure.
- 15:44I think it is the future of
- 15:45financial infrastructure.
- 15:47We're no longer saying TradFi and
- 15:49DeFi, just pure finance.
- 15:51And I've been in this space for
- 15:52about nine years and I've excited
- 15:54before.
- 15:55Those types of excitement and
- 15:57those moments before were often
- 15:58about price and hype
- 16:00and you know, like we see, we saw in
- 16:022017 and 2020.
- 16:04It's so different this time.
- 16:06It's about infrastructure and
- 16:07building and building systems
- 16:09that are gonna revolutionize the
- 16:11world and not just about a token
- 16:13price.
- 16:14So I'm really excited about this.
- 16:16Every step in my career, the last 10
- 16:18years, go further and further down
- 16:19this rabbit hole from E-Trade and
- 16:20Morgan Stanley to E-Toro and
- 16:23Chainlink. I just follow them
- 16:25from so many years.
- 16:26And when I heard Sergey a year
- 16:28ago at our conference talk about one
- 16:30of our new tools, the Chainlink
- 16:31Runtime Environment, CRE,
- 16:33which allows.
- 16:35Banks, NASA managers to build on
- 16:37the blockchain using their existing
- 16:39rails and technology and systems.
- 16:41That was this aha lipo moment
- 16:43of like, this is gonna revolutionize
- 16:44everything.
- 16:46And DCCC is now using that very
- 16:48tool. And I think so many more
- 16:50will be doing so in the future.
- 16:52So 2026 is a big year of
- 16:54building. And I Think 2027 is gonna
- 16:55be a massive year of scaling.
- 16:57And my final, final question
- 16:59to you, obviously you're head of
- 17:01institutions. I'm very curious the
- 17:03kind of people you have knocking on
- 17:04your door already.
- 17:05I would imagine at this stage,
- 17:08Chainlink is a bit of a household
- 17:09name, even in the traditional
- 17:11finance sector when
- 17:13it comes to data articles and
- 17:15plugging into this infrastructure.
- 17:18Are you doing a lot of call calling
- 17:19or are people knocking on door from
- 17:21the TradFi sector or is it a
- 17:23bit a mix of both crypto and TradFi?
- 17:26Yeah, definitely a mix, which is
- 17:28exciting to see, you know, I spend a
- 17:29lot of time at conferences and
- 17:31love meeting people so often at
- 17:33these events, you spread into chain
- 17:35link gospel as much as possible.
- 17:36But my favorite thing is probably on
- 17:38the daily I open LinkedIn, I've got
- 17:39some DM from somebody
- 17:42asking how can we use chain link and
- 17:44I love the diversity
- 17:45entrepreneur startups, but even last
- 17:47week or two weeks ago, one of the
- 17:49largest asset managers on the planet
- 17:51sends me a DM saying, hey,
- 17:53we want to use chainlink.
- 17:54How can we do it?
- 17:55I will happily chat to
- 17:57you about that.
- 17:57So it's a wonderful mix.
- 17:59We can be friends with everybody,
- 18:01which I love.
- 18:02And so really, really excited to be
- 18:03here and excited about the future.
- 18:06Beautiful. Andrew, thanks so much
- 18:07for taking the time to chat to us
- 18:09today.
- 18:10All the best with the conference
- 18:11tomorrow.
- 18:12You were telling me you were stressed
- 18:13or fair. Don't be stressed.
- 18:14Everything will be fine.
- 18:15You guys are great at what you
- 18:17do and I'm sure it'll be a great
- 18:18success.
- 18:19Amazing wonderful chatting with you
- 18:20and enjoy every moment with those
- 18:22three kids
- 18:23Beautiful, thank you very much.
- 18:24Andrew, feel free to drop off.
- 18:27We'll just be wrapping up the show
- 18:28here for you joining us
- 18:30today. Thanks so much for joining us
- 18:32on The Starting Block.
- 18:33We're just gonna chat a little bit
- 18:34about the big news this afternoon
- 18:36that'll be coming in.
- 18:37Obviously, the FOMC is
- 18:39expected to keep its benchmark
- 18:41interest rates steady at somewhere
- 18:43between 3.75%
- 18:45and 4% at
- 18:47the conclusion of its meeting later
- 18:49today. That's US time.
- 18:50Obviously we're here in Europe in
- 18:51the afternoon already.
- 18:53It's still morning time in the U.S.
- 18:55So a lot to look forward to there.
- 18:57I'm actually just opening up
- 18:58Polymarket as we talk to try and
- 19:00find the latest breakdown
- 19:02of the Fed decision.
- 19:04There's been no change according to
- 19:05the Polymarket polls here.
- 19:08It's looking like the majority
- 19:10of people are
- 19:12calling a 50
- 19:16plus BPS decrease.
- 19:19So it looks like that's
- 19:21looking very, very likely.
- 19:23Majority of people putting that in
- 19:24there.
- 19:25Always interesting to look at the
- 19:27prediction markets to figure out
- 19:28what sentiment is saying about
- 19:30the particular outcome of
- 19:32this call.
- 19:34So we'll wait to see what happens
- 19:35there. Obviously the final news
- 19:37on the FOMC meeting will
- 19:39come in later today.
- 19:40And as we all know, that
- 19:42usually has a very big impact on
- 19:44the price of Bitcoin and crypto
- 19:46markets in general.
- 19:47So if you're wanting to find out the
- 19:49latest on that, keep an eye out on
- 19:50the block socials.
- 19:52Our news team will be tweeting out
- 19:54the outcome of that as soon as
- 19:56it happens later this afternoon.
- 19:58And if you are curious to hear a
- 19:59little bit more on prediction
- 20:00markets and why they are so
- 20:02important, I did ask Anthony
- 20:03Scaramucci about that at the
- 20:05beginning of the show.
- 20:06His candid thoughts on prediction
- 20:07market and why are they both
- 20:09positive and potentially a little
- 20:11but negative for
- 20:13the industry and society as a whole.
- 20:15But overall, if you think it's
- 20:16gambling, it's not quite the same as
- 20:18a traditional gambling platform.
- 20:20And if you want to hear.
- 20:21Why Anthony Scaramucci thinks
- 20:23that you can find that video on
- 20:25my ex account for the full video,
- 20:27or you can go onto the Blocks
- 20:29YouTube channel, click on the live
- 20:30segments of our YouTube channel and
- 20:32you'll be able to find the full
- 20:34episode of our conversation with
- 20:35Anthony Scarmucci on our
- 20:38platforms.
- 20:39That will be it for today's
- 20:41starting block show.
- 20:43We are gonna be back tomorrow
- 20:44afternoon. I'm looking forward to
- 20:46tomorrow's show.
- 20:47We've got Mark Boyeron from Polygon
- 20:49joining us.
- 20:49He's been very outspoken on social
- 20:51media in recent months.
- 20:53He's definitely one of my favorite
- 20:55people in the industry, a
- 20:57big Bitcoin proponent as well.
- 20:59And he'll be talking to us about
- 21:00polymarkets shift
- 21:02towards payments in general.
- 21:05And yeah, we'll have a wide ranging
- 21:06conversation. So please set a
- 21:08reminder on your calendars.
- 21:09Join us tomorrow at 830
- 21:11a.m. Eastern time.
- 21:13We will be broadcasting if
- 21:15you're in the United States.
- 21:16That's 1.30 p.m.
- 21:18Central European time. If you're
- 21:19here in Europe, of course, we've
- 21:19already had daylight savings.
- 21:22That's it for today's show.
- 21:23Please, just a reminder, go ahead
- 21:25and follow The Block on X if you
- 21:26don't already.
- 21:27Subscribe to our YouTube channel
- 21:29and wherever you're joining us, set
- 21:31a reminder to come and watch the
- 21:32show tomorrow.
- 21:33Until Thursday, take care of
- 21:35yourself.