Matt and Dr. Nick dive deep into crypto's biggest liquidation event in history, with over $27B wiped out in a flash crash triggered by Trump's China rare earth concerns. They explore how leverage trading on platforms like Hyperliquid created systemic risk, discuss MetaDAO's new ICO developments, and pivot to a heated debate about UK's proposed digital ID system and its dystopian implications. From House of Lords crypto galas to the future of surveillance states, this episode covers the full spectrum of crypto culture.