Beans admits Robinhood has been supportive of his project, despite corporate limitations as a public company “I mean yeah, they've been helpful, we do talk occasionally, overall they have been supportive of this” “I think a lot of people blame Robinhood team for certain things, but they also just can't put money into certain projects, they can't pump projects, they're not going to buy your token, this is not allowed, it's publicly traded” “I used to work at Coinbase, another crypto publicly traded company, I get how it works and there's a lot more intricacies within a corporate bureaucratic company” “They're helpful where they can be, when we launched our launchpad, they connected us to aggregators like GMGN, we did a Uniswap proposal that Robinhood really likes, so overall the team has been helpful”

Farokh praises Vlad confidence in the crypto industry, despite Robinhood being a public company that has to be careful with what they support and build “One thing it seems like they're really focused on long-term, because obviously they're a publicly traded company, they have to be much more careful where they put their money and their support” “Vlad was really direct, he didn't hint, he went straight to the point” “Robinhood Chain is a core focus, we're going to do this, we're going to invest”

Ansem explains why the rapid progression of AI is creating a period of uncertainty in the market “We're in a period of uncertainty, I think, with how fast the models are progressing and how they are breaking a lot of security measures” “There's a chance it could negatively impact some things in the short term, but it gonna be good in long term” “I think we're entering a period of the most uncertainty that we've had, at the same time that people have a ton of unrealized gains on these names” “Going into the Anthropic IPO, going into the OpenAI IPO next year also, and I think that's also going to take some demand”

Ansem disagrees with the idea that crypto has fully de-risked and warns that equities pulling back could trigger further sell-offs “Just because it got de-risked first doesn't mean there's not more de-risking that can happen” “I don't think the idea that crypto can't go lower because it just got de-risked first is going to hold” “If equities pull back pretty aggressively, you're going to see crypto sell off also because it's the riskiest out of all the asset classes” “That's more of my concern for the rest of Q4, if Q4 is slow for these AI stocks”

Ansem shares his ETH short trade setup, entry levels, and price targets “This is kind of your area where you want to short (2,336) you either wait for weakness beneath here, if the week is going to be bearish, it has to break away from Monday's range to the downside” “Once it's lost this level right here, your short would be something like this, and stop above this high from this day” “As I said, I'm targeting like down here, 1800, 1750s, this is a decent setup” “If this does happen and I'm right on this, you're going to get paid pretty good, it's like a 20% drop on majors, which is pretty aggressive”

Ansem explains how false breakouts trick traders and why he is concerned it's currently happening to ETH “This is what really fucked people up in 2022, this fucking deviation above the highs” “What tricks people a lot is like these false breakouts above your range highs” “The reason I'm concerned about this is because what crypto has liked to do the past few years is fuck around with these false range breakouts” “It spent some time above, and now it's trading back beneath its high”

Ansem explains why he is flipping bearish on ethereum:native after market structure shifted for the first time “The reason I'm flipping bearish now is because to me, it looks like this trend has stopped” “Before we held these lows at 1540, which I said is important” “Here is when market structure shifted for the first time, and this is like your first sign of trend weakness, because before it was just consolidation, break up, consolidation, break up” “It doesn't mean that this is the end of this uptrend, it just means it's the weaker part of this uptrend”

Ansem is currently bearish on the market and explains why ETH is one of the weaker assets and the best choice to short “I'm bearish right now” “high level ETH in 2021 all-time high 4800, last cycle when it bottomed in 2022-2023 around 880” “Didn't make a new all-time high though, so it's been pretty weak comparatively to like other assets, as we know AI has dominated most of the returns for risk past few years” “Fundamentally, I think ETH is one of the better assets to short when you're bearish on the market, and I've been pretty consistent with that”