Khalid offers a pragmatic breakdown of yield structures while rightly challenging PulseChain to evolve beyond its insular origins. It is a sober reminder that community loyalty cannot substitute for external liquidity and genuine protocol utility.
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[music] Hello there everyone back to Cal Crypto video. I hope you guys are doing well and today we're back with another Banger crypto video giving you guys the latest and greatest of news and we're going to catch you guys up with everything that you need to know that has happened the last 48 hours from general crypto news to macroeconomics to geopolitics all the way to Pulsechain and Richard Hart news.
We're going to talk about did Crypto Randman end up interviewing Richard Hart. We're gonna answer all those questions. Guys, thank you very much for tuning in and and watching this show, being along with me on this crypto journey. I've started making videos about on Pulse Chain, well since the end of last cycle, but kind of uh you know, we're talking like three maybe three to seven videos per week from late 2023.
And I've been doing this ever since. And I'm super passionate about Pulse. feels like I'm taking this bet just like how the early developers, how the early community members took with Ethereum.
Okay, so there's that. But let's take a quick step back. Let's talk about the wider crypto market. Bitcoin is up6%.
Ethereum is up 7%. Bitcoin is still above 80,000, which is great. Ethereum is still above 2.3K. We're right smack in the middle in the fear and green index in the neutral region. Pulse Chain is going through depression times, guys.
Okay, we're still very low on that 24-hour volume. Okay, so I'm telling you, not a lot of people like to see cheap prices. Okay, everyone's going to talk about, "Oh, look at these stock prices are going to all-time highs. What am I doing?" But it's like, okay, why do people prefer to buy things when they're expensive and then the things that are cheap are low volume. It's crazy the market psychology. So, you got to rewire your brain, guys. Remember, rewire your brain. Imagine the leverage that you have here with your purchasing power compared to where the prices were, you know, a few months ago, where the prices will be in a few months from now, okay?
When we're going to enter altcoin season conditions. Remember, right now we're looking at things in terms of, okay, Bitcoin still is the leading star, okay?
And then soon when the risk curve goes slightly up, we're going to see Ethereum season. We haven't seen Ethereum perform much guys in the last years since the obviously the end of last um of cycle.
Okay, we've basically backtracked years and years. So don't blame whatever altcoin you're holding. You have to wait until Ethereum sparks up first. Okay, that's that preceding that's a precursor to an old coin season is Ethereum season that needs to happen. Okay, so stop blaming Pulse or whatever else you're holding.
Okay. Anyways, now moving on to some other wider news. Now, there's a geopolitics uh Iran rejects the US proposal to reopen the straight of Hormas saying that their proposal were unrealistic and then yeah also apparently allegedly there was some an exchange of fire between Iran and US in the straight of Hormas. Uh so there's also that unfortunately now in other news we have CZ here uh which again spoilers this is the person who ended up uh Crypto Runman interviewing but there's more to that story. We're going to get to that in a second. Yeah. CZ here saying I believe 2026 breaks the 4year cycle. Interesting. Well, he did say that he does believe that we're going to be entering into a super cycle kind of with how you know Bitcoin with the concept of diminishing returns bull run over bull run we have shallower tops but also shallower bottoms and we could be entering this phase where you know with the the crypto adoption with things like the ETFs it's going to make it uh so that we won't see a bare market really it's just going to be up an up and up only uh so we'll see you know it's too soon to be talking about super cycles and and stuff like that. But uh you know the previous cycle we did top at apathy. There was no uh Ethereum season. There was no altcoin season. And then when when also Bitcoin topped that was still in very constrictive market conditions. The ISMPI was 150. Um the crypto social media interest was at all-time lows. So it does make you wonder where the price of Bitcoin will be in the next time it hits the extreme greed region. Okay, in the next time where we are above 50 ISMPI which is actually where we at fourth consecutive month where the next time where the interest rates are around 1% or sub 1%.
Okay, we shall see. We we have to stick around and and find out. Basically, you have to make two two decisions. Would you rather wait and then buy? Okay, and then you're going to be with late majority. That that's you trading off gains with certainty. Fair enough. You know, depending on your own uh risk tolerance. And then the other side which is buy then wait. Okay. Now that is the obviously the higher risk higher reward factor. That's exactly why I'm here in the world of crypto guys. I'm here to make it so that I can achieve economic freedom. So I can escape the 9 to5 right to be free.
Okay. So I can buy back time. The only currency that doesn't inflate. I can enjoy time on this earth with loved ones and praising God. Okay. stock market being in indexes is not going to do that for you. Fair enough. Yes, you'll be able to retire at the age of 60 instead of, I don't know, 79. They're going to keep they're going to keep raising the retirement age ceiling. It's going to be crazy. Anyways, moving on to other news.
Here we have the official Clarity Act vote is set for next Thursday. Get ready. Uh I think there was a quote from Donald Trump saying, "Oh, just bring me the proposal. I will sign it." We shall see. Okay. Next Thursday, I'll update update you guys on that. Now, in terms of um OM news, [laughter] [gasps] we might see another pandemic.
Question mark. I really doubt so.
Hopefully not. Nothing ever happens.
Breaking news. Five confirmed uh virus cases. Now, COVID mortality was 1%. Well, and they still made like three vaccines. And they were still spending so much money on developing daily COVID vacs.
By the way, you guys probably haven't seen that, but they were literally spending money on that. Um, and then hir has a 40% mortality mortal mortality rate, which is kind of scary, you know.
We'll see. But let's not fear-monger people now. This is unconfirmed alleged bad for markets.
Uh, so yeah. Anyways, and I do believe by the way this virus is not um human. I forgot what's the word like it cannot be spread through like air hopefully. Okay. I don't I don't really know. I'll I'll look more into this. But yeah, antivirus. There you have it. Uh in terms of other news, this is actually kind of the highlight of this video is that we're having a lot of interest from other, you know, outside circle of PCR chain talking about Pstain, making articles about Postchain. So, we have two articles here that I actually wanted to uh cover. One from Annabelle, a content creator, web 3 futures, has around 30,000 uh 34,000 followers.
Absolutely amazing. We have another one here from uh Jenna Crypto Queen. She actually sent me uh the link of the of the article. So, I'm going to cover the section that's more relevant because here she talks about which stable coin should you earn uh should you hold um and actually trust, how to earn yield on it, etc. uh she did talk about um PEI so we're going to cover this but now let's read the one here from Annabel saying pulse chain where it stands now and what comes next pulse is one of those ecosystems that refuses to disappear some people dismissed it early some people still call it controversial but whether whether people like it or not pulse is still alive still processing and still has one of the most committed communities in crypto I mean yeah have you seen my recent AI generation did videos about PulseChain. [laughter] If you're on Twitter, you've you've seen that. Like the the the Pulse Chain Heartbeat card. That would be pretty cool with the with the fingerprint scanner. But not a lot of people said, you know, fingerprint scanners are not a great idea cuz now if they steal a card off you, they're also going to have to chop your thumb off. Okay, so fair enough. Okay, maybe we should, I don't know, put some face biometric where um or you know, maybe put like an NFC brain chip so that now if they steal the card, they would also have to be a qualified surgeon who's who also happens to be a thief cuz I'm sure, you know, they're not going to like just be like, "Oh, how can we operate safely on this person?"
Right. Right. [laughter] I'm joking.
Anyways, and here, so the real question is, is Paul Strechain dead? The better question is can PCRC turn survival mode into real adoption? PCRC has built as was built as an Ethereum compatible layer 1 designed to offer lower fees, faster transactions and full state fork concept that gave users copies of Ethereum based assets on a new chain.
Pulseex remains the main decks of the UK system and according to DeFi Lama, Psex still holds around 40 plus million in TVL with roughly 19.5 billion in cumulative decks of volume. I mean, I don't even keep track of that number, but yeah, sure. I that uh that matters because in crypto, survival is a signal, but survival alone is not enough. Right now, PCSC's biggest strength is its community. Um, it has a loyal has loyal users, low fees, Ethereum compatibility, and a native DeFi system that has activity. Yeah. Uh, but the challenge is clear, too. Pulse is still far from its highs. Yeah. We're like around 20 to 30x away just to all-time high which is absolutely crazy. Um liquidity is limited compared to bigger chains and Pulse chain needs more builders, more integrations and more reasons for new users to come in. Yeah, fair enough. Uh this is why I'm super glad for people like Inter Money, ZKX wallet, Liberty uh Swap Finance. Yeah, Liberty Swap and um other bills, you know, which again, guys, if you're watching this video so far, you want to put notification bell on for my next video.
Just going to say, okay, just going to say um you heard it. So, again, thank you very much for tuning in. Um not skipping out this video sooner, but the challenge is clear. A pulse is still far from its highs. Liquidity is limited compared to bigger chains and Pulsechain need more builders. I've already read this. I apologize. Well, shortterm, the ecosystem needs momentum, more volume, more liquidity, better tooling, more outside attention. Pulser needs more reasons for people outside the existing community to bridge in cheap transactions and Ethereum compatibility alone is no longer unique. True. The risk is also clear. If price stays weak, liquidity remains thin and new users don't arrive. Well, well, yeah, fair enough. Yes, it's not will friendly for them to just buy in uh in big clips, but at the same time, it does make it so that it requires less capital for it to pump harder than ever before.
The risk is also I read that guys, it's almost midnight. Give me a break. the long-term pulse chain has a real opportunity. Uh but only if it can grow beyond the original community. That's the key in my opinion. If the community keeps building, if liquidity improves, if external infrastructure providers support it more, uh if it becomes easier for normal users to access, then it can grow a cult ecosystem into a more durable DeFi chain. Pulsechain already proved it. It can survive. Now it has to prove it can expand pulse because in crypto the strongest ecosystems are not the ones with the loudest communities.
They're the ones that the that keep creating reasons for new people to show up not financial advice. There you have it with the price showing the all-time low and yeah this is basically pulse chain today. You know it is nice and green and then the last week we can kind of see the trend is also slightly up especially on PI and PWC. Love to see that. Now, in terms of where we were 90 days ago, yeah, we still have a lot of catching up to do, especially 180 days ago. I want to see us flip the 180 days big time. Okay, like we're still down 70% on like majority of those. So, there's that. Now, going to uh Jana here saying, "Which stable coin should you actually trust?" Uh, and let let's read some of it. I am going to skip then to the part where she talks about PI, USDC, USDT, etc. Oh, what the f is PI? So many options. After my last live stream, I asked which stable coins everyone is using and trusting. And the questions that came back were really good. So, let's actually go deep on this one because I think most people are leaving real money on the table without realizing it. First honest picture of where the market is right now. USDT.
Tether is still the giant sitting at around 184 billion in the market cap and roughly 58% of the entire stable coin market as of April 2026. So yeah, stable coin dominus uh USDC or sorry the yeah stable coin I guess USDC um circle is the second biggest at around 79 billion and the current stable coin with higher growth rate than any other. What is actually happening once you hold UST or your CC? Here's the part that just 1% of the top of 1% will actually ask. If I'm parking my dollars with Circle or Tether, those companies are taking my money, putting it in US treasuries and earning yield on it. Just like any treasury in a year, this is billions in profit. Yes, with the B- word, not the millions. As a supporter, a very small fish holder, what are we getting back from it? Nothing. Zero. My STC sits at 1% $1 forever. Isn't this exactly the thing we said we hated about banks? Um, which option do we have? Option one, park your stables on a centralized exchange. If your money is already sitting on Binance, OKX, BBEX, ETA, um, the easiest move is to use their savings or earning products. Right now, depending on the platform and whether you lock it up or keep it flexible, you're looking at roughly 2 to 8% APY, not APR. So you have to leave it in for that whole year to realize this number for flexible savings with fixed terms going higher and some loyalty programs advertising up to 14 to 16%. Fair enough. That means if you put in $100,000 that's 16,000 on top at the end of that year if you jump through enough hoops holding their native token lockups locking up for months. Okay, that's a bit yeah too risky. Coinbase pays around 4.1% USDC with no lock. Leen uh offers up uh 8.5 on USCT with proof of reserves. But I want to be very clear about what is actually happening here.
This yield is not circle or tether sharing their profits with you. It is the exchange running a campaign paying you out for their own pocket from their own pocket. Uh so you keep your money on their platform and they can lend it out, use it for liquidity or borrow it for their own operations. You are essentially loaning your stable coins to the exchange.
Option two, actually own a stable coin that shares the yield with you. This is very, this is where it gets interesting.
Very interesting. Some new stable coins are built so that the yield is generated by underlying assets flows back to the holder, not the issuer. You stop being the product and start being the participant. But before we go through them, there's something very important to understand because it will change how you think about each option. There are two different ways these stable coins deliver yield to you and the user experience is very different depending on which model you're using. What do you mean? Uh relax. Model here is just the route these coins will pay you interest giving you in return for you trusting them and using their token. Okay. So option two there are two models. Model one you have to stake stake to earn. You hold the base stable coin whatever it is and on its own it does nothing. It just sits at $1. to earn yield you have to actively deposit it into a separate staked version. So for example here SISD etc uh through another transaction now you hold a different token that and that one grows over time. If you want to spend or send your stables you often have to unstake it first which means another transaction and more gas. The yield exists but it it's gated behind actions you have to remember to take.
Model two, the token grows on its own.
You hold the token and it grows in your wallet automatically. No staking, no second token, no extra steps. This is howdy works. You just you just buy it and hold it. The downside is that the token's price is not pinned at $1, so it's harder to use as a unit of account in DeFi payments. So there you have it.
Stable coin options worth knowing. D and SD. Okay. With Maker Dow, which is now Sky D is the original decentralized stable coin. It is not issued by a company holding your dollars in a bank.
It's minted by smart contracts when users lock up collateral, Ethereum or any other crypto, increasingly tokenized real world assets like US treasuries at overcolaterized ratios. If your collateral drops in value, the protocol liquidates it automatically to keep your die to keep the diebacked. D on its own sits at $1 and doesn't pay you anything.
Just like USDC to earn you have to stake it into SDI and start collecting the die savings rate DSR which comes from real protocol revenue including the yield on treasuries in the their reserve. The yield is structural. It belongs to the holder by design not a company keeping it from themselves. D market cap sits around 5.3 billion much smaller than USDC and USDT but the model is fundamentally different. No central issuer can freeze your balance. Again, yes, this is with D, but they're slowly decommissioning it. That's why you have USD uh S. And this is exactly why Richard claimed that this is the state-of-the-art stable coin because it's an algorithmically backed stable coin. Doesn't require a bank account to issue one. The system runs on code and collateral. Simple mathematics. Can't argue with that. The trade-off, you have to interact with smart contracts more often. staking, unstaking, moving between DI and S DI all onchain transactions. Each interaction costs gas and exposes you to smart contract risk even if the contracts are battle tested.
If you want to spend, send or trade die, you usually have to unstake from SI first. Now, I am going to skip those.
Going to go all the way down where she talks about the bonus a real talk on PI.
I have to address this because every time I bring up stable coins, the PI community shows up really loud and I love that. So, so again, shout out to Pai, guys. I've been saying this generally. If there was no PI and there was no PI community, PCR would fail. I know this is kind of a controversial take, but I would say it now. Okay.
Despite all the FUD waves, despite all the minting that's happened, okay, and despite all the 33 Richard Hart's favorite number tweets about PI saying, oh, it's stupid. Why not sale? It's rumored to be a malicious hacker. Oh yeah, Vietnamese. Look, he made a video on how to exploit it, but no one else can replicate it. Okay, bro. Okay, despite all of that, Pollson would be a failure without PI. So, again, shout out to everyone who's a true holder and believer, who's out there every day on Twitter giving those tweets, likes about PI, supporting, commenting down below, engaging. Love it, man. You're exactly the person which makes me so bullish on Pulse, so motivated to keep making videos on this. So, thank you. You will see me tomorrow. I'll make another video. Okay. Bonus, a real talk, and of course, you know, a big inspiration is Somi. Um, so yeah. So, here is what this creator So, here is what this creator writing this awesome article concluded.
Uh, PI is not a stable coin option. I would recommend as such. I mean, yeah, fair enough. it's high-risisk. I want to explain why clearly so that the PI lovers understand my position and my community can also see my point on why they matter regardless what PI actually is right now. A copy of D that exists on Pulse after the chain forked from Ethereum. Correct. It is not backed by Maker Dow or by Sky. Correct. It trades at a steep discount to $1. Not $1 yet.
Correct. There is an ongoing thesis that a group of operators is rebuilding the infrastructure that could push PI back towards a real peg through PulseChain's own systems got pi the new PSM governance work across a maker compound and more uh I believe even spark protocol uh that thesis is interesting and onchain evidence of preparation is real but the con conversation from preparation to durable peg is still unproven I've read and checked closely a very uh a few very well-ritten content showing all the data to look for itself.
So how I personally see it, PEI might one day become a truly decentralized dollar with a real peg. And if that happens, it would be one of the most interesting dollar experiments in crypto. But that is not the reality today. Today PI is the pegged asset with a speculative thesis attached to it.
Would you buy it? Would I buy it? Yes.
But with a truly speculative with high potential upside and money, I am okay losing entirely. So there you have it.
Um, yeah, breakdown. This is not a recommendation. It's just where I've landed thinking through everything in this article. I'm moving my silver coins from USDT to SDC and and yeah, there.
Cool, cool, cool. Uh, yeah, shout out to Jana for making a mention here to Pulse Chain to PI. Um, yeah, we love to see it, guys. Now, moving on to some Richard Heart news.
Okay, so this is uh what I covered last video. If you guys remember, Crypto Ramman goes, "Hey, uh I've just done a, you know, interview with someone. I'm I'm going to release in the next day or two. Just waiting until he leaves the country." That that person turns out to be CZ, not Richard Hart. And now, actually, from a lot of engagement, Crypto Raman actually tweeted out said, "Hey, Richard Hart, let's do it." You know, let's do it. Uh let's hear what other people think. Corey says he's too much of a gaslighting posos. Wow. Uh to come onto your show. He'll just tweet a few times a week and blame the community for lack of marketing. Wow.
Hey, Richard Hart. Get out of your cave and shill your blockchain. Stop being a coward. Wow. Moon King Beirus here say, "Yo, Cryptoman is Cryptoman. If he doesn't, I'll gladly do an episode on updates and how much he flopped the last bull market and how fed up the majority of Pulsion community is of him.
I mean, there you have crypto liberty saying, "Oh my god, what am I waking up to?" Okay, we even have a blockcast.
I was going to say blocktastic. Uh blockcast saying, "Hey, Richard Hart, just do it."
And then here say, "Just do it. PI to $1 is inevitable. Love it. So this is also a tweet I want to show. Like this is the engagement it like if just forces. So this is the tweet where he goes, "Oh yeah, you know the interview's out." It was actually with CZ. It got 121 likes.
But when he made the tweet about Richard Hart, look at this. 900. And we just saw it. It reached 1 point. Was it 1.5? 1 1.9 2,000 likes guys.
That's generally the power of Postream.
That makes me proud to be part of this.
Okay, so Crypto Coffee given us his thoughts saying, "A picture says a thousand words. Post chain on social media gets more organic engagement than anything else. An exclusive interview between a top crypto influencer and a top exchange founder entrepreneur, both famous, gets less attention than a teaser of him maybe possibly interviewing Richard Hart by a factor of almost 10x.
Crazy, crazy, crazy, crazy." Now, in other uh Pulse Chain news, I'm going to kind of leave it a little bit short here. Uh Libert saying, "We want to focus on one, keeping Pulse Chain trading smooth, fast, and reliable with no hiccups. Our goals are two, help protect users from sandwich attacks.
Three, reduce exposure to fake websites impersonating Pulse Train DAPs and services, and four, work toward limiting wallet drainers and related threats. We also aim to continuously five reduce vulnerabilities and attack surfaces that could lead to users losing funds unfairly. Protecting our users is the same as protecting the business. Love it. Love it. Love it. They also came up with a tweet saying they've acquired pump for fun. What are they going to do with that? H questions.
This will make pump tires so much more interesting.
We'll see. We shall see. And then Kabala King here is giggling. Uh, and then yeah, moving on. Another tweet here from Pulse Stats saying, "Richard Hart isn't here for the money when it comes to happiness." He's he's been there, done that. He cares about people. He cares about freedom. Believers in the community and building something that changes people's lives. The road has been brutal, but that's usually how glory is forged. First, they doubt you, then they mock you, then they watch history happen. Where your heart's road to glory is still being written. So, this is with an old tweet from Richard Hart saying, "Not happy while alone.
Happy with friends. I'll [snorts] be better once I've helped create a million millionaires and we are curing diseases together. People are all that actually matters." Great message from Richard Hart and great mention from Pulse Stats.
Now, I'm going to end the video on this tweet here, which is an update from Alex talking about the Cappy, which is the Rabbi wallet fork, saying something to talk about with Cappy. Uh, it's quite it's quite honestly expensive. It's what I was alluding to with my Rabbi wi-i with why Rabbi dropped PulseChain support. But regardless of that expense, I feel like we need these features including you know Rabby well it's really nice price simulation or transaction simulation. One of one of making one way of making this able to exist longterm is actionable fees uh like like on swaps. But honestly, while it's probably a requirement to have, I personally dislike egregious fees. So most of the of those I'll be capping it at 0.25% which is roughly what PEX is, which is at 0.22%.
Um, which is the Rabbi default and something I agree with as reasonable.
Um, but I also want to try to do something better. So I am also playing with the idea of adding Cappy Pro. This will be fully onchain settled self swapping to stables. It will auto dump what you put in. Cappy pro would be a subscription five to5 to 30 $5 per 30 days of uh enablement. Uh at minimum it will offer three things for up to three addresses.
Uh one reduced fees on swaps such as uh 0.1%. Uh proxied private RPC. Cappy's API will strip metadata from your transactions and proxy the transaction through its API RPC backend. So no other RPC or actor will know your IP or other identifiable information just that you use Cappy to sign the transaction and maybe later will roundroin that through various VPNs so they don't even tie back to Cappy. And number three transaction watcher something we all love to do. add a list of addresses you want to monitor and it will concatenate the view of transactions involving those addresses with a label with label support maybe push notifications in the future. So kind of like bundles with how um rabi wallet or or dbank actually uh used to have and then 3a maybe whale watching put in a token address and it will show you live transaction history of any movement over a certain band size. You agree with this disagree with this? Are these features things you would like to see exist? I'm working to publish the first beta release of Cappy this weekend if possible. So again, shout out to Alex for this. This is absolutely great. And yes, I have absolutely no problem with having a premium uh part to this. I mean, if it helps you build and pay for the infrastructure and, you know, have things like a private RPC, which is absolutely amazing, um, yes, go ahead.
Go for that, man. This is there's no there's no issue with trying to uh you know I don't know make some profit out of this like you know or even maybe not even profit maybe just at least to pay for prices like the hosting and having an RPC which is pretty expensive man I can imagine that that being a pretty expensive like it has to be a full archived node at least I think so I think it needs to be an archive node as well but anyways guys I'm going to end the video there I hope you guys um enjoyed it we're going to catch you guys up again remember don't miss my next episode. All I'm going to say, that's what I'm going to say. I mean, it's already 30 minutes, so I'm actually going to say it now. There's going to be an air drop. Okay, there you have it, guys. Uh, I'm going to go to C for you straight after this. [music] So, I hope you guys enjoyed this video. Um, I'll see you in the next one. Big shout out to the man above. Trust in the process, trusting God, and bye-bye.
[music] Heat.
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