00:00 Speaker A

Now, while this isn’t necessarily a story of crypto price, it’s certainly a story of crypto rails. Number one right here, crypto market offers pre IPO bets on Chinese chip maker CXMT. I still have to sort of giggle to myself that we get hyper liquid headlines on Bloomberg. But here you go. For the next 12 days, nobody on Wall Street can buy a single share of the biggest chip IPO of the year.

00:20 Speaker A

Crypto traders are already trading it and they’re pricing it at several times what the company says it’s worth. I’ll tell you that valuation in a moment. So, just to be clear, we saw this with SpaceX, but there’s now a market where you can go long on a Chinese memory chip company that isn’t…