1 00:00:02,960 --> 00:00:06,680 Good morning. Good morning, EMG. 2 00:00:09,880 --> 00:00:10,680 Thursday. Oh yeah. 3 00:00:10,680 --> 00:00:16,480 My favorite day on a week. July 18th, 2020. 4 00:00:19,320 --> 00:00:21,800 Another beautiful day. Have a beautiful day. 5 00:00:22,640 --> 00:00:26,920 I got my coats in the house. Isler Mando, how you guys doing 6 00:00:26,920 --> 00:00:29,160 this morning? I'm doing great man. 7 00:00:29,160 --> 00:00:31,400 How are you? Fantastic. 8 00:00:31,400 --> 00:00:36,200 Tyler, how you doing? Just amazing whiff top mover on 9 00:00:36,200 --> 00:00:39,160 the deck yeah, could not be feeling good that the hat is 10 00:00:39,160 --> 00:00:42,880 absolutely still on so. The hat came back on. 11 00:00:42,880 --> 00:00:48,080 I mean, maybe it was never off, but God damn, that's that's it. 12 00:00:48,080 --> 00:00:49,920 Is it top over today? That's nice. 13 00:00:51,080 --> 00:00:54,080 It's a few times that Whiff and MOG are like top in the in the 14 00:00:54,080 --> 00:00:56,600 top 100, like movers of the day over the last few weeks. 15 00:00:56,840 --> 00:00:58,880 It's like a few times like they were going band for band it 16 00:00:58,880 --> 00:01:00,200 seems. Those two. 17 00:01:00,760 --> 00:01:02,720 I love it. I love it. 2 bags on two 18 00:01:02,720 --> 00:01:04,480 different chains. I love it. 19 00:01:04,800 --> 00:01:06,880 For the first time in a while I have both at the same time. 20 00:01:06,920 --> 00:01:08,720 Feels good. Feels good man, I was. 21 00:01:08,800 --> 00:01:11,440 Scared you were going to they were going to shake you out of 22 00:01:11,440 --> 00:01:15,280 your wood. They did, they did I I last 23 00:01:15,280 --> 00:01:21,200 Thursday night I sold all of my whiff for mog at like 585 mil 24 00:01:22,080 --> 00:01:24,200 which aged pretty well because mog outperformed whiff. 25 00:01:24,200 --> 00:01:27,440 But then two nights ago I couldn't help it because I'm 26 00:01:27,440 --> 00:01:29,800 degenerate. So I had ADC on Jupiter for like 27 00:01:30,200 --> 00:01:35,880 pretty, pretty decent size, like with by and it filled so around 28 00:01:35,880 --> 00:01:38,800 like 2:15. So I'm we're good, we're good. 29 00:01:39,960 --> 00:01:42,920 The the one thing with me is I make capitulate here and there, 30 00:01:42,920 --> 00:01:45,200 but I ain't no bitch. So I'm always going back in the 31 00:01:45,200 --> 00:01:47,040 market. I was talking about that with 32 00:01:47,040 --> 00:01:49,000 Obi. He was like, you would be 33 00:01:49,000 --> 00:01:50,600 kicking yourself now. I was like, yeah, but you know 34 00:01:50,600 --> 00:01:52,000 what, Obi? The good thing about me is 35 00:01:52,000 --> 00:01:57,480 you'll never find me sidelined. I mean, he was arguably the most 36 00:01:57,480 --> 00:02:01,160 famous whiff capitulator slash rebuyer rebuyer and. 37 00:02:01,360 --> 00:02:03,240 He's up good. He's up good. 38 00:02:03,280 --> 00:02:05,800 His moon bag size, my port, my crypto portfolio. 39 00:02:05,800 --> 00:02:08,880 So he's like, yeah, that's my moon bag and I broke. 40 00:02:08,880 --> 00:02:12,720 That's my entire net worth. I love it for him though. 41 00:02:12,720 --> 00:02:14,440 That's my boy. He's coming on tomorrow. 42 00:02:14,440 --> 00:02:18,640 But anyways, today on the show today, today, the market report 43 00:02:18,640 --> 00:02:20,600 as usual, crypto, macro, all that good stuff. 44 00:02:20,600 --> 00:02:22,400 We're doing good. I mean, shit, I haven't got a 45 00:02:22,400 --> 00:02:24,200 notification to the the Dow Jones. 46 00:02:24,200 --> 00:02:26,120 It's not their all time high. I'm getting all these motifs 47 00:02:26,120 --> 00:02:28,240 now. You know, market's doing good. 48 00:02:28,480 --> 00:02:31,960 Mando's drinking Coca-Cola out of a glass bottle. 49 00:02:31,960 --> 00:02:34,920 I mean, we are so back. I mean, this is like peak peak 50 00:02:34,920 --> 00:02:36,920 performance right there. By the way, they taste better, 51 00:02:36,920 --> 00:02:38,160 right? I'm pretty sure they taste 52 00:02:38,160 --> 00:02:40,160 better. Tastes good, Taste good. 53 00:02:40,160 --> 00:02:42,120 French. Oh, it's French, but do you 54 00:02:42,120 --> 00:02:43,920 have? Oh the French coke is so good, 55 00:02:43,920 --> 00:02:45,080 Oh my God. It tastes better it. 56 00:02:46,000 --> 00:02:47,960 Tastes better in Europe, but you know where the French the best 57 00:02:47,960 --> 00:02:53,000 Coke is is in Mexico because they use sugar cane cane sugar 58 00:02:53,400 --> 00:02:54,960 on the the bottle of Mexican coke. 59 00:02:54,960 --> 00:02:57,760 So like if you're in Texas, you can get that and it's really 60 00:02:57,760 --> 00:02:59,480 good. And we're talking about the 61 00:02:59,480 --> 00:03:03,520 beverage your degenerates and just just have to clarify that 62 00:03:04,480 --> 00:03:05,760 anyways. So can I just? 63 00:03:06,080 --> 00:03:08,760 Quickly just come in and read the the Trump comment about coke 64 00:03:08,800 --> 00:03:10,800 just before we get into. It yes, you totally can. 65 00:03:10,800 --> 00:03:13,000 So what did Trump say? I feel like Trump was for 66 00:03:13,280 --> 00:03:15,240 everything. Yeah, so Nick Carter shared 67 00:03:15,240 --> 00:03:17,240 this, I guess. Don't show up as a history with 68 00:03:17,240 --> 00:03:18,560 that Coke. I saw a headline that he used to 69 00:03:18,560 --> 00:03:22,360 drink like 12 per day, which is too many, but this is from 70 00:03:22,360 --> 00:03:24,600 yesterday I'm quoting. I'm going to get you guys a 71 00:03:24,600 --> 00:03:25,960 Coke. Would you please come in? 72 00:03:25,960 --> 00:03:27,280 Who wants something to drink? Anybody? 73 00:03:27,280 --> 00:03:28,920 A little Coke Cokes and diet Cokes. 74 00:03:29,080 --> 00:03:31,560 One thing I'll say about Diet Coke, I've never seen anyone 75 00:03:31,560 --> 00:03:34,480 thin have a Diet Coke. No, it's always Diet Coke. 76 00:03:34,800 --> 00:03:37,040 I say it's sort of in a friendly way, but people drink a Diet 77 00:03:37,040 --> 00:03:38,720 Coke. I've never seen a thin person 78 00:03:38,720 --> 00:03:40,200 drink it. I've just never seen it. 79 00:03:40,480 --> 00:03:42,840 These guys come in, they order regular Cokes and they're thin, 80 00:03:43,080 --> 00:03:44,760 so I don't know what's going on, so go ahead. 81 00:03:45,160 --> 00:03:47,920 This is so true though. Like I have a friend, Danny 82 00:03:48,480 --> 00:03:52,080 orders Coke zeros everywhere we go, but he's, you know, not on 83 00:03:52,080 --> 00:03:54,800 his best behavior when it comes to food. 84 00:03:55,000 --> 00:03:56,880 And I'd be ordering and I'd be healthy as fuck. 85 00:03:56,880 --> 00:03:59,240 And I'm, I'm ordering the full blown coke like the real shit. 86 00:03:59,480 --> 00:04:01,080 Because if you're not, why do you just drink coke? 87 00:04:01,360 --> 00:04:04,880 I mean wait Mando, what kind of coke you drinking 0? 88 00:04:05,680 --> 00:04:06,960 Zero. Ah shit. 89 00:04:06,960 --> 00:04:08,800 Well he's thin. Fuck that doesn't work. 90 00:04:09,080 --> 00:04:10,720 Damn it. Because Mando's like actually 91 00:04:10,720 --> 00:04:12,760 like Iron Man. You still hitting the drama man? 92 00:04:14,160 --> 00:04:17,720 Yeah, this has actually been my first week off for like a year. 93 00:04:18,160 --> 00:04:19,760 You must be like. You must like. 94 00:04:19,880 --> 00:04:21,120 You must be. Do you want to take your shirt 95 00:04:21,120 --> 00:04:22,000 off? Show us what you what you're 96 00:04:22,000 --> 00:04:24,040 looking like right now. You must be like. 97 00:04:24,320 --> 00:04:25,720 Not again. Not again. 98 00:04:26,200 --> 00:04:28,800 Hey I remember when you sent that photo, did that photo ever 99 00:04:28,800 --> 00:04:30,760 leak? That was like 6 months ago. 100 00:04:31,440 --> 00:04:32,680 I did one last week, I'll send it to you. 101 00:04:33,240 --> 00:04:34,320 Oh yo, send to me. I did. 102 00:04:34,320 --> 00:04:35,720 I did. I did one this morning. 103 00:04:36,000 --> 00:04:39,040 We're looking this I did before after picking a year and fucking 104 00:04:39,040 --> 00:04:41,640 mid year. Let me tell you never felt 105 00:04:41,640 --> 00:04:44,960 better, But that coke comment is true, man, Tyler, it's it's 106 00:04:44,960 --> 00:04:46,800 very, very true. I wish you had the accent when 107 00:04:46,800 --> 00:04:48,520 doing that, you know, like I'm going to get you again the kill. 108 00:04:48,520 --> 00:04:50,800 I'm going. To have to work on. 109 00:04:51,760 --> 00:04:54,400 That did you see that that kill? Was it kill Tony comedy show or 110 00:04:54,400 --> 00:04:57,400 whatever that's been going viral these days, guys? 111 00:04:57,400 --> 00:05:00,680 How funny is that, that that actor is like, really good? 112 00:05:01,680 --> 00:05:03,480 Yeah, they're good. I actually haven't seen that 113 00:05:03,480 --> 00:05:05,680 club but I need to watch it. Oh dude, you. 114 00:05:05,880 --> 00:05:07,480 They did a Trump. They did a Trump Biden. 115 00:05:08,000 --> 00:05:09,840 Yeah. So it's both ways, like they're 116 00:05:09,840 --> 00:05:11,400 making fun of the of the both of them. 117 00:05:11,760 --> 00:05:15,440 But it's, I have to say, like he, he is really, really, really 118 00:05:15,440 --> 00:05:16,640 like, this is what it's like to be real. 119 00:05:17,120 --> 00:05:20,280 He's like Johnny, how many more retarded guys do you have back? 120 00:05:21,400 --> 00:05:24,200 Anything gonna happen? This crowd is hungry for more 121 00:05:24,200 --> 00:05:27,320 retarded guys and frankly, I don't think we've seen enough 122 00:05:27,320 --> 00:05:29,160 retarded guys. How about a retarded racist? 123 00:05:29,160 --> 00:05:33,320 Would you like to say? It's really bad. 124 00:05:33,880 --> 00:05:35,880 Listen, it's it's stuff like that, but it's not really bad. 125 00:05:35,880 --> 00:05:38,560 I thought I thought it was hilarious but you guys should 126 00:05:38,560 --> 00:05:40,400 watch. That that top that top place the 127 00:05:40,440 --> 00:05:43,240 best one. Yeah, that was that was a good 128 00:05:43,240 --> 00:05:45,840 one. They're they're it's, it's 129 00:05:45,960 --> 00:05:48,800 listen, we're getting, we're definitely getting, we're 130 00:05:48,800 --> 00:05:55,000 definitely getting our fair dose of humor on the on the TL these 131 00:05:55,000 --> 00:05:56,840 days, that's for sure, for sure. But anyways, after market 132 00:05:56,840 --> 00:05:58,800 report, we're going to go through Tyler's top 100 because 133 00:05:58,800 --> 00:06:03,600 let me tell y'all, he's he's definitely got at least 100 134 00:06:03,600 --> 00:06:05,120 things to talk about this morning because there's a lot of 135 00:06:05,120 --> 00:06:06,360 fucking going on in the industry. 136 00:06:06,640 --> 00:06:08,400 And then last but not least, there's no last but not least. 137 00:06:08,400 --> 00:06:10,080 You know what, let's pick someone, give him 100 bucks. 138 00:06:10,080 --> 00:06:12,280 That's the last but not least. You know, tomorrow's that we 139 00:06:12,280 --> 00:06:14,240 have Ovi on tomorrow. We'll do a little bit spins all 140 00:06:14,240 --> 00:06:15,160 together. So it'll be fun. 141 00:06:15,160 --> 00:06:17,960 But let's pick someone in the in the audience that's live. 142 00:06:17,960 --> 00:06:19,600 We'll just do a whole like thing and stop. 143 00:06:19,600 --> 00:06:22,080 So make sure we're tweeting, follow us and we'll pick you and 144 00:06:22,520 --> 00:06:24,960 give you 100 bucks. So anyways, without further ado, 145 00:06:25,520 --> 00:06:28,360 why don't we get right into it in this wonderful market? 146 00:06:32,440 --> 00:06:34,200 Who is the man? Michael? 147 00:06:34,360 --> 00:06:39,600 Daddy of the land? Can you dig it? 148 00:06:40,480 --> 00:06:44,200 Yeah, GM. So I think kind of unchanged, 149 00:06:44,200 --> 00:06:48,800 right, since yesterday, maybe a little bit higher on Solana. 150 00:06:48,800 --> 00:06:51,560 But like, yeah, very, very thin flows. 151 00:06:51,560 --> 00:06:53,880 You had a really bad day yesterday in stocks. 152 00:06:53,920 --> 00:06:58,040 So I think it was the worst day in the NASDAQ for about since 153 00:06:58,040 --> 00:07:01,720 2022. That was on the back of comments 154 00:07:01,800 --> 00:07:07,080 by Trump where he basically pointed to the idea that he 155 00:07:07,080 --> 00:07:11,640 would look to potentially tax the Taiwanese chip makers or at 156 00:07:11,640 --> 00:07:14,800 least Taiwan as a whole. And then there were comments 157 00:07:14,800 --> 00:07:18,160 similarly from Biden about making restrictions on the 158 00:07:18,160 --> 00:07:21,960 ability for chip makers to sell to, to China or have any sort of 159 00:07:22,040 --> 00:07:27,160 relationship with, with China. Just to have a bit of a, to zoom 160 00:07:27,160 --> 00:07:31,360 out a little bit there. The, the chips that the US has 161 00:07:31,600 --> 00:07:35,120 been making, NVIDIA in particular, but also some of the 162 00:07:35,160 --> 00:07:42,200 Taiwanese companies which are have US backing or some of them 163 00:07:43,120 --> 00:07:46,480 have largely outsourced operations from some big US tech 164 00:07:47,000 --> 00:07:50,760 firms. They have got kind of 165 00:07:50,760 --> 00:07:54,560 proprietary chip chip technology, which is very, very 166 00:07:54,560 --> 00:07:58,280 important that the US keeps it. This is the reason why NVIDIA 167 00:07:58,280 --> 00:08:05,800 trades where it does as yeah. And many of the USAI and chip 168 00:08:05,800 --> 00:08:08,560 companies are well ahead of of those in China is because of 169 00:08:08,560 --> 00:08:09,840 this. So there's like big, big 170 00:08:09,840 --> 00:08:12,920 crackdown on the ability to, for China to like reverse engineer 171 00:08:12,920 --> 00:08:17,160 this and make their own the, the machines essentially that make 172 00:08:17,160 --> 00:08:19,520 these chips. So that's, that's basically 173 00:08:19,520 --> 00:08:21,600 where this has come from. And, and the fact that they were 174 00:08:21,600 --> 00:08:23,480 going to be a bit more aggressive about it, both Biden 175 00:08:23,480 --> 00:08:28,520 and Trump. And you saw the NASDAQ fall 3% 176 00:08:28,520 --> 00:08:30,960 and mainly it was chip stocks. Now you've had a little bit of a 177 00:08:30,960 --> 00:08:32,280 rebound. There were some strong earnings 178 00:08:32,400 --> 00:08:35,559 overnight, but interestingly, crypto didn't really do much. 179 00:08:36,720 --> 00:08:40,080 So this is a good sign. Like we've seen this decoupling 180 00:08:40,520 --> 00:08:44,039 from macro for a while now. In fact, it's been sort of the 181 00:08:44,039 --> 00:08:46,800 lowest decoupling, sorry, the lowest correlation between 182 00:08:47,160 --> 00:08:51,480 crypto and macro for many years, maybe even ever. 183 00:08:52,240 --> 00:08:54,200 It's almost like a negative correlation at the moment. 184 00:08:55,280 --> 00:08:58,080 And yesterday was a prime example, like we are basically 185 00:08:58,080 --> 00:09:02,000 unchanged on the day and macro were absolute hammered. 186 00:09:02,000 --> 00:09:06,920 So for a lot of people who were scared, you know that in that 187 00:09:06,920 --> 00:09:10,240 period where where macro was rallying and crypto wasn't and 188 00:09:10,240 --> 00:09:12,760 everyone was like, oh, but as soon as macro turns, it could 189 00:09:12,760 --> 00:09:15,720 get really ugly. This was like a little bit of a 190 00:09:16,000 --> 00:09:19,200 window into what we could actually see, which is that that 191 00:09:19,280 --> 00:09:23,880 they're kind of on completely different planes or even, or 192 00:09:23,880 --> 00:09:26,680 even opposite like they have, they have negative correlation 193 00:09:26,680 --> 00:09:29,120 to each other. So that was a good sign I felt. 194 00:09:29,520 --> 00:09:33,960 And crypto, this remained strong today in terms of major 195 00:09:33,960 --> 00:09:36,400 headlines, which are crypto specific. 196 00:09:36,880 --> 00:09:40,200 You saw the Block 5, which is another of the major 197 00:09:40,480 --> 00:09:43,920 bankruptcies of last year. They're looking to repay some of 198 00:09:43,920 --> 00:09:47,280 their creditors this month. But the main headlines, which 199 00:09:47,320 --> 00:09:49,320 was maybe some supply, but nothing major. 200 00:09:49,880 --> 00:09:53,640 There was also a hack of a prominent Indian exchange. 201 00:09:54,400 --> 00:09:58,840 Joe, I saw that. Which which looks like it could 202 00:09:58,840 --> 00:10:00,920 be pretty bad and looks like it's. 203 00:10:01,640 --> 00:10:07,000 It's $235,000,000. Yeah, and it's mainly ship $100 204 00:10:07,000 --> 00:10:13,280 million of ship it looks like alongside Pepe ETH and some 205 00:10:13,280 --> 00:10:16,520 other ETH based coins. So the exchange is called Brazil 206 00:10:16,520 --> 00:10:19,400 X, I've never heard of it before, but it's it's one of the 207 00:10:19,400 --> 00:10:23,440 biggest exchanges in India. And the India basically a lot of 208 00:10:23,440 --> 00:10:27,240 firms were basically kicked out of India or left of their own 209 00:10:27,240 --> 00:10:29,320 accord and they've been having to get licenses back. 210 00:10:29,960 --> 00:10:32,640 So Wazir is probably one of the more domestic exchanges. 211 00:10:33,200 --> 00:10:35,120 But yeah, that's a pretty big hack. 212 00:10:35,240 --> 00:10:38,920 So antsy, Yeah. On that just so you know Zach is 213 00:10:38,920 --> 00:10:41,040 between the comments this morning was saying that this 214 00:10:41,080 --> 00:10:45,640 could be North Korea because of the way they they are washing 215 00:10:45,640 --> 00:10:50,240 the money and acting post hack. Yeah, it's highly likely that 216 00:10:50,240 --> 00:10:55,240 it's Lazarus which is the main North Korean hacker group, which 217 00:10:55,880 --> 00:10:58,160 yeah, I don't think that's really that's pretty surprising 218 00:10:58,160 --> 00:11:00,200 to anyone. When you someone sells 230 219 00:11:00,200 --> 00:11:02,480 million, that's normally a pretty bad one. 220 00:11:03,040 --> 00:11:06,520 We've seen previous cases with bridges or with big projects 221 00:11:06,520 --> 00:11:12,560 where the private keys have been have been compromised of the 222 00:11:12,560 --> 00:11:14,840 multi sig. And that looks like something 223 00:11:14,840 --> 00:11:17,080 that may have happened here was that these are transferred out 224 00:11:17,080 --> 00:11:19,320 of a multi sig, which would indicate the two of the multi 225 00:11:19,320 --> 00:11:23,160 sig contracts, sorry, signers at least have been compromised. 226 00:11:24,040 --> 00:11:28,720 So yeah, this looks very sophisticated, but also kind of 227 00:11:28,720 --> 00:11:30,960 classic for for a North Korean style exchange. 228 00:11:30,960 --> 00:11:36,120 So Shib SHIB I guess is the main one that could sell it from the 229 00:11:36,120 --> 00:11:38,240 back of that. But just another case of being 230 00:11:38,240 --> 00:11:41,400 careful with that way you keep your your crypto. 231 00:11:42,800 --> 00:11:47,800 Still up 10% on the day. Maybe refresh, I'm seeing down 232 00:11:47,800 --> 00:11:50,160 8%. Oh, one second. 233 00:11:50,160 --> 00:11:51,880 Maybe I'm wrong here. You're right. 234 00:11:51,880 --> 00:11:54,080 I'm sorry. It's down 8%. 235 00:11:54,480 --> 00:11:57,960 Oh, it just it was up 10 points, but then it kind of like the 236 00:11:57,960 --> 00:11:59,880 news, I guess caught up got. It Yeah. 237 00:12:01,560 --> 00:12:05,840 So we had another influence of the Bitcoin ETF was about 238 00:12:05,840 --> 00:12:09,200 53,000,000. You had some comments, although 239 00:12:09,200 --> 00:12:12,120 it was kind of unclear if Jamie Dimon is changing his tone on 240 00:12:12,120 --> 00:12:13,320 Bitcoin. There's a lot of talk about him, 241 00:12:13,320 --> 00:12:16,640 but they said being the neutral Treasury Secretary, remember he 242 00:12:16,640 --> 00:12:22,000 is he's the CEO of JP Morgan who's been a very critical of 243 00:12:22,000 --> 00:12:25,760 crypto, in particular Bitcoin. There is talk about him stepping 244 00:12:25,760 --> 00:12:29,200 down in general from that role. There was some talk about him 245 00:12:29,200 --> 00:12:32,920 even being part of this presidential race like some 246 00:12:32,920 --> 00:12:36,000 Democrats wanted him to be their their 11th hour candidate. 247 00:12:36,000 --> 00:12:37,560 But it would be interesting to see. 248 00:12:37,560 --> 00:12:39,080 If Edna knows. That wow. 249 00:12:40,360 --> 00:12:44,240 Yeah, because he he's kind of like Bloomberg in that he could 250 00:12:44,240 --> 00:12:47,000 run as a Democrat. Like it's not like he's had a 251 00:12:47,000 --> 00:12:51,920 particular political explosion at any point, so, or like an 252 00:12:51,920 --> 00:12:55,840 independent, so to speak. So yeah, he, he was, it'd be 253 00:12:55,840 --> 00:12:57,400 interesting to see if he changes his tone. 254 00:12:57,400 --> 00:13:00,560 He's obviously kind of one of the main boomers who's critical 255 00:13:00,560 --> 00:13:02,840 of, of Bitcoin. But let's see what let's see 256 00:13:02,840 --> 00:13:06,000 what happens there. And then the rest of the like 257 00:13:06,000 --> 00:13:07,920 the macro stuff out there is a Vitalic. 258 00:13:08,360 --> 00:13:12,920 Vitalic kind of went pro. Biden basically was critical of 259 00:13:13,120 --> 00:13:19,520 of just choosing candidates based on being pro crypto which 260 00:13:19,520 --> 00:13:23,240 is basically a reading into like don't just support Trump because 261 00:13:23,240 --> 00:13:26,280 he supports crypto. This the only thing is a really 262 00:13:26,280 --> 00:13:29,760 surprise to anyone. Like Vitalik comes across pretty 263 00:13:30,400 --> 00:13:33,520 left-leaning. In fact a lot of the original 264 00:13:33,760 --> 00:13:37,560 ideals of crypto are pretty left-leaning slash socialist. 265 00:13:37,560 --> 00:13:43,080 Even things like dowels are kind of anti capitalist to a large 266 00:13:43,080 --> 00:13:45,800 extent. And I would say that a lot of 267 00:13:45,800 --> 00:13:50,920 the stuff that he has been proponents of are kind of of 268 00:13:51,520 --> 00:13:55,360 decentralized, I would say socialism. 269 00:13:55,360 --> 00:13:58,520 But like there's, there's different forms of government 270 00:13:58,520 --> 00:14:00,400 which which are perhaps more inclusive. 271 00:14:01,480 --> 00:14:04,080 And he, yeah, it's, it's if anyone's been watching, it's 272 00:14:04,080 --> 00:14:05,880 very, very clear that Vidalic is pretty levelling. 273 00:14:05,880 --> 00:14:07,720 You're really, you're really scared of what words you're 274 00:14:07,720 --> 00:14:09,600 using here. No, I'm not. 275 00:14:10,160 --> 00:14:11,960 Yeah, he's not. I wouldn't say he's a communist, 276 00:14:12,680 --> 00:14:15,480 but I would say that he is very left-leaning and he always has 277 00:14:15,520 --> 00:14:17,440 been, but to the point where I think he's. 278 00:14:17,720 --> 00:14:19,960 Wait, there's a lot. Of people ideals originally that 279 00:14:19,960 --> 00:14:22,600 were, I know, libertarian mostly on the Bitcoin side, but you 280 00:14:22,640 --> 00:14:24,480 know, when you look at Daos and things that's more on the 281 00:14:24,480 --> 00:14:26,360 socialist side, you know? He's socialist? 282 00:14:26,440 --> 00:14:28,560 No, but italic. But maybe of common sharing, 283 00:14:28,800 --> 00:14:32,080 like common goods and et cetera. Yeah, exactly. 284 00:14:33,240 --> 00:14:36,000 Vitalik's been trying to been trying to solve a lot of the 285 00:14:36,000 --> 00:14:39,280 classic issues of socialism essentially through crypto. 286 00:14:39,280 --> 00:14:41,760 So I don't think this is a really surprise to anyone that 287 00:14:41,760 --> 00:14:44,560 he's kind of come out pro Biden, but that's basically what he 288 00:14:44,560 --> 00:14:45,880 did. And then he got some heat for 289 00:14:45,880 --> 00:14:49,480 that, but he really cares. And you have the ETF. 290 00:14:50,280 --> 00:14:54,400 A bunch of the issuers came out with different fees. 291 00:14:54,400 --> 00:14:56,840 They kind of all undercut each other apart from Grayscale, 292 00:14:56,840 --> 00:14:59,880 which is keeping their fee at 2 1/2 percent, although they've 293 00:14:59,880 --> 00:15:02,800 launched one of their mini funds, which is what they did 294 00:15:02,800 --> 00:15:05,920 with Bitcoin as well. Expect to see massive outflows 295 00:15:05,920 --> 00:15:11,120 out of Grayscale. Basically 2 1/2 percent is 90% 296 00:15:11,120 --> 00:15:14,000 higher. Well, sorry, 10X higher than 297 00:15:14,680 --> 00:15:19,040 than everyone else so. Can I ask what that means for 298 00:15:19,040 --> 00:15:21,560 the ETF and outflows and stuff? Is it? 299 00:15:21,560 --> 00:15:24,280 Is this something similar that we saw for Bitcoin? 300 00:15:24,920 --> 00:15:26,640 I think you'll see something very similar now. 301 00:15:26,800 --> 00:15:28,960 I think you'll see something very similar now and that 302 00:15:28,960 --> 00:15:31,480 you'll, the first headlines you'll see is massive outflow 303 00:15:31,480 --> 00:15:36,320 from Greyscale, massive outflow from Greyscale and it will, it 304 00:15:36,320 --> 00:15:38,960 was unclear because the others saw big inflows. 305 00:15:38,960 --> 00:15:42,160 So I don't know if you'll see a net move to the other ones. 306 00:15:42,360 --> 00:15:46,560 That's what you would assume, but you just don't know. 307 00:15:46,960 --> 00:15:51,360 You just don't know. So when we saw those headlines 308 00:15:51,360 --> 00:15:55,080 in the first couple of weeks of the Bitcoin ETF, they were taken 309 00:15:55,080 --> 00:16:00,520 pretty negatively and Bitcoin dropped about 20 percent, 25%. 310 00:16:02,200 --> 00:16:04,440 I think people are probably more aware of it. 311 00:16:04,440 --> 00:16:08,320 I, I, I thought that Grayscale would be ahead of this a bit 312 00:16:08,320 --> 00:16:09,360 more. I didn't think they would keep 313 00:16:09,360 --> 00:16:13,320 it at 2 1/2 percent, but they they have, although they're like 314 00:16:13,360 --> 00:16:18,520 they've tried to to limit the damage by having this, this 315 00:16:18,520 --> 00:16:22,920 other fund with lower fees. But I don't know, this feels 316 00:16:22,920 --> 00:16:24,800 like you could, you could. They're setting themselves up 317 00:16:25,400 --> 00:16:28,040 very similar, similarly to what happened with the Bitcoin ETF. 318 00:16:28,080 --> 00:16:30,160 Yeah. We could be speaking about 319 00:16:30,400 --> 00:16:34,040 grayscale outflows just like we were for weeks. 320 00:16:36,000 --> 00:16:38,200 Next from next week when these, when these will launch? 321 00:16:38,880 --> 00:16:40,600 Yeah, agreed. It does feel maybe a little 322 00:16:40,600 --> 00:16:44,520 different with this mini trust product set up at 0.12% so that 323 00:16:44,520 --> 00:16:47,040 those fees like they're not zero, but they're they're close. 324 00:16:47,040 --> 00:16:48,480 Like it's enough to be competitive. 325 00:16:49,200 --> 00:16:50,680 Yeah. So like it feels like they're 326 00:16:50,680 --> 00:16:52,600 trying to drive. What does that change, Tyler? 327 00:16:54,160 --> 00:16:56,440 Well, like they they didn't have that product for Bitcoin. 328 00:16:56,760 --> 00:16:58,680 So like it was just pure outflows. 329 00:17:00,200 --> 00:17:02,920 Here you'll have at least an alternative product. 330 00:17:02,920 --> 00:17:08,440 So you get outflows from yeah, the E trust to the mini trust as 331 00:17:08,440 --> 00:17:11,200 a bit of a balance. And. 332 00:17:11,800 --> 00:17:13,720 This is a hard to predict this time around because we've we've 333 00:17:13,720 --> 00:17:16,640 got we, we all have the data points from the, the Bitcoin 334 00:17:16,640 --> 00:17:18,599 ETFs. So like, I feel like everyone's 335 00:17:18,599 --> 00:17:21,200 already starting to like think to like the the next order 336 00:17:21,200 --> 00:17:22,880 effects, like how it could play out this time. 337 00:17:22,880 --> 00:17:26,160 But I mean, I think that the fees are good. 338 00:17:26,160 --> 00:17:30,080 I mean 0%. I've been, I've been bullying up 339 00:17:30,080 --> 00:17:31,840 a little bit. If I'm being honest, I, I, I'm 340 00:17:31,840 --> 00:17:33,640 starting to talk myself into more ETF. 341 00:17:33,920 --> 00:17:36,440 It's. Up to bit that's crazy more 342 00:17:36,440 --> 00:17:38,800 bullish than you already are that I love that I I sometimes I 343 00:17:38,800 --> 00:17:40,320 I feel the same. I don't know how to get more 344 00:17:40,320 --> 00:17:42,040 bullish and then just like get more bullish. 345 00:17:43,600 --> 00:17:45,920 It's it's a it's a tough one there. 346 00:17:45,960 --> 00:17:49,440 I I'm waiting on them. It's like also like, but some I 347 00:17:49,440 --> 00:17:51,240 tell myself something like, oh, maybe there's going to be 348 00:17:51,240 --> 00:17:52,880 somewhat of a sort of a pullback like Bitcoin. 349 00:17:52,880 --> 00:17:56,800 But thing is, if everyone accept expecting it, then then usually 350 00:17:56,800 --> 00:17:58,520 doesn't happen. And what pullback are you 351 00:17:58,520 --> 00:17:59,720 waiting for? 3200 ETH? 352 00:17:59,720 --> 00:18:02,760 So you could what say 200 bucks per ETH? 353 00:18:04,000 --> 00:18:06,800 I don't know. It's I don't know. 354 00:18:07,040 --> 00:18:09,280 I don't know what we. Guys made but like we're seeing 355 00:18:09,320 --> 00:18:12,960 like seeing Larry Faint going on this press tour, like he's going 356 00:18:12,960 --> 00:18:16,520 to do the press tour for for ETH for the ether like it's going to 357 00:18:16,520 --> 00:18:19,080 happen. And like they're they're betting 358 00:18:19,080 --> 00:18:22,320 on tokenization on there like they're they're going to black 359 00:18:22,320 --> 00:18:25,360 rocks kind of drive in flows. Yeah, I don't know with what 360 00:18:25,360 --> 00:18:26,920 percent, but they're they're going to happen. 361 00:18:27,680 --> 00:18:32,400 That let let's before we go to your to to your top here, Tyler. 362 00:18:32,520 --> 00:18:35,160 Let's talk about let's talk about Jamie Diamond for a 363 00:18:35,160 --> 00:18:36,920 second. Is that how you smell? 364 00:18:36,960 --> 00:18:38,240 Say it. Jamie Diamond. 365 00:18:38,320 --> 00:18:41,680 Diamond. Yeah, man, that turn here. 366 00:18:41,760 --> 00:18:44,120 Like I I saw Chris on Yano's founder of blog works. 367 00:18:44,240 --> 00:18:48,240 I saw it on his tweet first Jamie, that diamond has all of a 368 00:18:48,240 --> 00:18:49,440 sudden changed his tune on Bitcoin. 369 00:18:49,440 --> 00:18:54,480 But then I saw it on on Bitcoin magazine and I just reposted it. 370 00:18:54,480 --> 00:18:56,640 I forgot where it was. It was here. 371 00:18:57,000 --> 00:19:01,240 So breaking Donald Trump says Jamie Dimon has suddenly changed 372 00:19:01,240 --> 00:19:02,680 his tune on his anti Bitcoin side. 373 00:19:02,680 --> 00:19:07,040 It's like that's like like it's insane. 374 00:19:07,120 --> 00:19:09,600 It it's really good news, like what if like. 375 00:19:10,080 --> 00:19:12,920 If it's news. So I, I, I think the, the caveat 376 00:19:12,920 --> 00:19:17,120 here is, you know, how Trump kind of twists words and like, 377 00:19:17,760 --> 00:19:19,920 maybe not even twisting words, but like he'll, he'll say things 378 00:19:19,920 --> 00:19:22,360 in a roundabout fashion and he'll like mix points. 379 00:19:23,240 --> 00:19:26,440 I, I've seen the interpretation that he's actually saying that 380 00:19:26,440 --> 00:19:31,120 Jamie Dimon has changed his tune on his allegiance to Trump. 381 00:19:31,360 --> 00:19:34,000 And like kind of along the lines of what Mando was saying. 382 00:19:34,000 --> 00:19:36,320 Like there was a point where where people were calling for 383 00:19:36,320 --> 00:19:39,800 him to be a potential Democratic candidate. 384 00:19:40,280 --> 00:19:44,440 And it's almost like he's he's changing his tune with respect 385 00:19:44,440 --> 00:19:47,560 to his allegiance. Like, and I think Trump was also 386 00:19:47,560 --> 00:19:51,440 just talking about Bitcoin in in this broader conversation. 387 00:19:52,440 --> 00:19:53,800 Jimmy Demi hasn't commented on it. 388 00:19:53,800 --> 00:19:56,600 Like he refused to. So like this is one for me where 389 00:19:56,600 --> 00:19:59,880 like I need to hear him say it. Yeah, I mean. 390 00:20:00,160 --> 00:20:01,880 Well, I really believe it. I don't know, but his comments 391 00:20:01,880 --> 00:20:03,960 have been pretty damning even recently. 392 00:20:04,360 --> 00:20:04,800 Right? Like. 393 00:20:04,960 --> 00:20:07,280 We all remember his speech at Davos. 394 00:20:07,320 --> 00:20:09,440 Like that was the most anti Bitcoin thing that he said. 395 00:20:10,280 --> 00:20:13,200 Say the word Bitcoin again. Then like 2 weeks later on TV he 396 00:20:13,200 --> 00:20:17,960 was talking about about that. So you know, anyways, I mean, 397 00:20:17,960 --> 00:20:21,640 there's an article called Forbes saying like even Forbes pick up 398 00:20:21,640 --> 00:20:22,600 on that. I mean, it's all headlines, 399 00:20:22,600 --> 00:20:24,080 right? Like even Forbes? 400 00:20:24,080 --> 00:20:25,360 Like this is a Forbes website, right? 401 00:20:25,760 --> 00:20:28,440 It's big if true, I won't need that. 402 00:20:28,880 --> 00:20:30,360 Thing Yeah, exactly. That's why I wanted to stop 403 00:20:30,360 --> 00:20:32,560 there for a SEC. Fuck these ads are crazy bro. 404 00:20:33,640 --> 00:20:38,600 But it's like ads everywhere. He's changed his tune. 405 00:20:38,600 --> 00:20:41,800 Trump reveals JP Morgan CEO sudden Bitcoin and crypto flip 406 00:20:41,840 --> 00:20:42,960 amends you. I wouldn't read. 407 00:20:42,960 --> 00:20:45,320 These articles, though, I like, you should read it from me 408 00:20:45,320 --> 00:20:48,040 because it's an original interview, I think that it came 409 00:20:48,040 --> 00:20:50,480 from and I think it's just if you actually read it, it's what 410 00:20:50,480 --> 00:20:54,320 Tyler, it's what Tyler said. He said he's changed his tune, 411 00:20:55,200 --> 00:20:59,040 but it's it's a broader comment there about many different 412 00:20:59,040 --> 00:21:01,280 things. Look, if James Dimon becomes 413 00:21:01,280 --> 00:21:05,200 Treasury Secretary, that's a huge, huge move for him to move 414 00:21:05,200 --> 00:21:09,040 into politics. I was looking before, like in 415 00:21:09,040 --> 00:21:12,960 the UK, the finance minister or the equivalent of the Treasury 416 00:21:12,960 --> 00:21:16,400 Secretary, it's got a very, very high probability of them 417 00:21:16,400 --> 00:21:20,640 becoming the Prime Minister. And it doesn't seem to be the 418 00:21:20,640 --> 00:21:23,560 same in the US like I was looking at the last. 419 00:21:23,760 --> 00:21:29,360 The last Treasury Secretary who became Prime Minister was John 420 00:21:29,360 --> 00:21:34,120 Tyler in the 1850s. Like that's strange to me 421 00:21:34,120 --> 00:21:36,800 because I, I think Jamie Dimon in the back of his mind kind of 422 00:21:36,800 --> 00:21:38,320 wants to be president of the United States. 423 00:21:38,880 --> 00:21:41,440 Like that's something that he's. Like all the billionaires that 424 00:21:41,440 --> 00:21:44,160 have power. He's mentioned before, similar 425 00:21:44,160 --> 00:21:46,280 to Bloomberg, like he's one of these people that's wanted to 426 00:21:46,400 --> 00:21:48,880 have happen, but I, yeah, I it's. 427 00:21:49,000 --> 00:21:50,320 Difficult. Better than Janet Yellen? 428 00:21:52,120 --> 00:21:55,920 Yeah, well, traditionally they come from, they come from 429 00:21:56,040 --> 00:22:01,440 finance, but Jamie Dimon would be the biggest, you know, would 430 00:22:01,440 --> 00:22:04,760 be the would be the the big highest profile person to be 431 00:22:04,760 --> 00:22:07,520 hired into this spot for for a, I mean decades in my opinion, 432 00:22:07,520 --> 00:22:09,480 apart from maybe Larry Summers, but that's about it. 433 00:22:09,800 --> 00:22:12,880 Are there George W Bush? You guys had Jon Snow as 434 00:22:12,880 --> 00:22:17,200 Treasury Secretary dude So does it get better than bigger than 435 00:22:17,200 --> 00:22:20,480 Jon Snow from Game of Thrones? You y'all literally had the Game 436 00:22:20,480 --> 00:22:23,440 of Thrones character as Treasury Secretary of United States of 437 00:22:23,440 --> 00:22:25,800 America under George W Bush. I think people, if you're 438 00:22:25,800 --> 00:22:27,560 getting a little bit like, I mean, Americans have 439 00:22:27,560 --> 00:22:30,040 historically like, or at least in the last like few decades, 440 00:22:30,280 --> 00:22:31,520 they've they've hated billionaires. 441 00:22:31,520 --> 00:22:34,800 So like Bloomberg got steamrolled bye bye in in the 442 00:22:34,800 --> 00:22:37,160 Democratic primaries in, in 2020. 443 00:22:37,960 --> 00:22:39,520 So like when I saw people talking about like Diamond 444 00:22:39,520 --> 00:22:42,520 running and I mean, I honestly think he he would have been 445 00:22:42,520 --> 00:22:44,000 drawing dead in in this election. 446 00:22:45,200 --> 00:22:48,400 I think the only reason they mentioned it is because you need 447 00:22:48,400 --> 00:22:49,720 to have somebody who could self fund. 448 00:22:50,000 --> 00:22:53,280 Yeah, true. Because if, if the fund, if 449 00:22:53,280 --> 00:22:57,040 Biden drops out, it can only go to Kamala, but if, if it's a 450 00:22:57,040 --> 00:22:59,800 self funder, they can pay for pay for themselves. 451 00:23:00,320 --> 00:23:02,840 OK, it's logical. Well, there you go. 452 00:23:02,880 --> 00:23:06,560 That was your, that was your, that was your daily political 453 00:23:06,560 --> 00:23:10,040 intake intake. Aside from that iconic Biden 454 00:23:10,120 --> 00:23:12,480 intern tweet yesterday which was incredible. 455 00:23:12,960 --> 00:23:15,120 So we've got more, we've got more potential politics to get. 456 00:23:15,320 --> 00:23:20,400 Into OK, OK, all right Tyler all right he's itching NFT and 457 00:23:21,080 --> 00:23:26,760 crypto analysis Tyler on FOMO our calls the kids. 458 00:23:27,960 --> 00:23:33,200 Hand we've got a laundry list of headlines here today to start, 459 00:23:33,200 --> 00:23:36,280 crypto majors seeing some slight green after stocks had their 460 00:23:36,280 --> 00:23:40,720 worst day in two years, with top mover on the day up 13% while 461 00:23:40,720 --> 00:23:42,480 most other meme leaders were red. 462 00:23:42,480 --> 00:23:45,960 So that was notable. 10 ETFs set to launch next week, most with 463 00:23:45,960 --> 00:23:49,120 0% fees. Grayscale with 2 1/2 percent, 464 00:23:49,120 --> 00:23:52,440 though that Grayscale Mini Trust at 0.12%. 465 00:23:52,720 --> 00:23:55,720 Grayscale also announced a new AI crypto fund seeking to 466 00:23:55,720 --> 00:23:59,480 provide its investors with access to blockchain and AI. 467 00:23:59,720 --> 00:24:02,360 So that was notable. State Street, another giant 468 00:24:02,360 --> 00:24:05,560 player news looking at launching a stable coin plus a deposit 469 00:24:05,560 --> 00:24:08,360 token and getting into blockchain payments. 470 00:24:08,360 --> 00:24:12,520 We talked about Jamie Dimon potentially changing his tune as 471 00:24:12,520 --> 00:24:17,000 Bitcoin and politics continue to to be that the hot button item. 472 00:24:17,000 --> 00:24:19,720 On that note, we saw the Talk publishes blog against choosing 473 00:24:19,720 --> 00:24:22,160 your political allegiances based on who is pro crypto, which 474 00:24:22,160 --> 00:24:25,120 outlined the core issues that are more important than a binary 475 00:24:25,120 --> 00:24:27,680 crypto stance. And just a few hours later, 476 00:24:27,920 --> 00:24:31,360 Biden gets sick with COVID. We saw the infamous intern tweet 477 00:24:31,360 --> 00:24:34,720 and it drove a big action in the prediction markets. 478 00:24:34,720 --> 00:24:38,160 We'll get into that in in a bit. In NFTS Coinbase seemingly 479 00:24:38,160 --> 00:24:42,080 leaning into this Mr. Miggles cat as their potential mascot. 480 00:24:42,760 --> 00:24:45,520 Introducing this new the Internet needs an update 481 00:24:45,520 --> 00:24:47,440 campaign. They they introduced this Mr. 482 00:24:47,440 --> 00:24:51,160 Miggles remix challenge. Also someone lost a meme coin 483 00:24:51,240 --> 00:24:55,760 and this Miggles coin is up only it's at 50 million bucks over on 484 00:24:55,760 --> 00:24:57,280 base. I I haven't even been checking 485 00:24:57,280 --> 00:25:02,240 base lately, but have to have to check it for this one A few 486 00:25:02,240 --> 00:25:05,240 other quick headlines. Mon protocol announced a new web 487 00:25:05,240 --> 00:25:10,360 three investment on Mon ventures investing in pre pre TGE stage 488 00:25:10,360 --> 00:25:13,560 blockchain projects known origin is winding down operations. 489 00:25:13,560 --> 00:25:16,200 They confirmed that yesterday and then in physical collectible 490 00:25:16,200 --> 00:25:18,360 news, more of a fun headline here. 491 00:25:18,360 --> 00:25:24,240 So billionaire Ken Griffin has purchased a Jurassic stegosaurus 492 00:25:24,240 --> 00:25:28,600 skeleton for $45 million. That's how the base, which is 493 00:25:28,600 --> 00:25:32,600 the the most valuable fossil ever sold at at auction. 494 00:25:32,600 --> 00:25:37,000 So Ken Griffin is just really going after the the high profile 495 00:25:37,000 --> 00:25:41,240 collectibles. Wow look at that dinosaur. 496 00:25:41,240 --> 00:25:46,680 The cycle top last year was when fun fact these myself, Sobe 497 00:25:47,160 --> 00:25:51,720 guys, Alexi Jeebs and a few people were talking about 498 00:25:51,720 --> 00:25:57,200 forming a Dino Dow to buy a dinosaur skull and then we 499 00:25:57,200 --> 00:26:02,320 topped and then we race to 0. So no, if you and your friends 500 00:26:02,320 --> 00:26:05,800 group are talking about forming a Dow to buy something dumb like 501 00:26:05,800 --> 00:26:09,600 a dinosaur skull, it was a triceratops I think. 502 00:26:10,520 --> 00:26:12,600 Just know you have to sell absolutely everything you own. 503 00:26:13,960 --> 00:26:16,280 It's just. Yeah, it it's definitely top 504 00:26:16,280 --> 00:26:21,360 signal when you're talking about Dow Dowing and and acquiring 505 00:26:21,800 --> 00:26:24,200 something like crazy. You know, I mean, I think that 506 00:26:25,520 --> 00:26:27,960 that's, that's that's where that's where this cycle, though 507 00:26:27,960 --> 00:26:34,760 that for me, Percy in 2025, that's that's where I that's 508 00:26:34,760 --> 00:26:39,000 where I Percy, we'll draw the line for my cycle and call it 509 00:26:39,000 --> 00:26:44,840 quits and then just show up and host every day and not and not 510 00:26:45,280 --> 00:26:49,920 be in the market as heavily. But anyways, man, a lot of stuff 511 00:26:49,920 --> 00:26:54,120 to to, to, to cover here. There was one specific thing 512 00:26:54,120 --> 00:26:56,680 that stood out and I thought, Oh yeah, Mr. Meggles, I mean, 513 00:26:56,680 --> 00:27:00,440 Tyler, you're you're the one who's on top of this shit and 514 00:27:00,480 --> 00:27:03,800 you it's funny, male. Now you're telling me about this 515 00:27:03,800 --> 00:27:05,960 now? Hey, I totally missed on this 516 00:27:05,960 --> 00:27:07,760 one. I was thinking it's like the NFT 517 00:27:08,360 --> 00:27:10,920 is going to be a it was a bust. So that's where this all started 518 00:27:10,920 --> 00:27:13,360 right? They introduced this cat back on 519 00:27:13,360 --> 00:27:16,280 Tuesday. It came with the mint link saw 520 00:27:16,280 --> 00:27:18,320 like 300,000 something mints in the first day. 521 00:27:18,320 --> 00:27:22,040 I said check back here tomorrow. Tomorrow was yesterday and they 522 00:27:22,040 --> 00:27:25,000 introduced this new campaign. You can remix Mr. Miggles. 523 00:27:25,000 --> 00:27:28,040 You can mint them as a part of Unchained summer. 524 00:27:28,280 --> 00:27:32,520 It just kind of felt like the same thing that Coinbase has 525 00:27:32,520 --> 00:27:35,360 been doing with on chain summer. Like have fun meant something. 526 00:27:35,680 --> 00:27:39,800 It's not going to be bad. What I missed were the the 527 00:27:39,800 --> 00:27:43,160 Deejans that would launch the the Meggles coin behind the 528 00:27:43,160 --> 00:27:46,160 scenes here. And yeah, I mean, if we go back 529 00:27:46,160 --> 00:27:50,160 to to the decks, I mean, The thing is, at least in the first 530 00:27:50,160 --> 00:27:53,520 day, quite literally up, up only. 531 00:27:53,920 --> 00:27:56,320 Oh, I guess, yeah. So I guess this launched on 532 00:27:56,680 --> 00:27:58,840 midday Tuesday. So I guess it must have launched 533 00:27:58,840 --> 00:28:02,120 same time as the NFT did. It chopped and then it really 534 00:28:02,120 --> 00:28:05,480 started going wild yesterday. And then this campaign, 535 00:28:06,280 --> 00:28:08,080 43,000,000 blocks. Yeah, it's actually selling off 536 00:28:08,080 --> 00:28:11,240 right now, but. That is hilarious. 537 00:28:11,480 --> 00:28:13,360 Yeah, it is selling off right now, that's for sure. 538 00:28:13,720 --> 00:28:15,800 But you know, did you guys see this specific video from the 539 00:28:15,800 --> 00:28:17,000 campaign? They're running like a really 540 00:28:17,000 --> 00:28:20,400 big campaign about what I liked about this video, if you watch 541 00:28:20,400 --> 00:28:22,680 it with sound like they're running a whole campaign about 542 00:28:22,680 --> 00:28:27,200 creators owning their content and also being able to prove 543 00:28:27,200 --> 00:28:30,560 authenticity via blockchain tech, thus kind of going back to 544 00:28:30,560 --> 00:28:33,320 the fundamentals of NFTS. So they're kind of like using 545 00:28:33,320 --> 00:28:38,640 this NFT mint in a way to like show here. 546 00:28:38,640 --> 00:28:41,840 It says critters, musicians, artists, even cats are what make 547 00:28:41,840 --> 00:28:44,080 the Internet great because they make the content we all enjoy. 548 00:28:44,080 --> 00:28:46,680 But today's Internet sidelines them, leaving them with only a 549 00:28:46,680 --> 00:28:47,760 fraction of the value to generate. 550 00:28:47,760 --> 00:28:49,040 So I don't know if you guys looked actually into the 551 00:28:49,040 --> 00:28:52,360 campaign behind the Mr. Miggles thing, but it's actually pretty 552 00:28:52,360 --> 00:28:56,080 interesting. Yeah, no, that's cool. 553 00:28:56,080 --> 00:28:58,520 I mean, they're, they're good at these campaigns like whoever. 554 00:28:58,520 --> 00:29:02,120 Yeah, you're good at that stuff. Department is is is good. 555 00:29:03,040 --> 00:29:05,760 I think some of the pushback I saw just broadly on the timeline 556 00:29:05,760 --> 00:29:09,880 is I think the whole bull case for people buying into a lot of 557 00:29:09,880 --> 00:29:13,240 the base tokens was that at some point Coinbase would embrace, 558 00:29:13,240 --> 00:29:15,640 then they would list them. And it seems. 559 00:29:15,840 --> 00:29:17,720 Like they're just not interested in doing that. 560 00:29:17,800 --> 00:29:21,600 Like they they had several native cat tokens they could 561 00:29:21,600 --> 00:29:25,360 have leaned into as potential mascots and they go out and 562 00:29:25,360 --> 00:29:29,200 create their own. Which I think probably caused 563 00:29:29,200 --> 00:29:32,400 some more frustration for those deep in the base trenches, but 564 00:29:32,400 --> 00:29:33,840 we'll see. Me niggles can revive 565 00:29:33,840 --> 00:29:37,480 everything. Yeah, I mean, I have to say, and 566 00:29:37,480 --> 00:29:40,560 that was Davis post at some point like something about base 567 00:29:40,560 --> 00:29:42,160 carbon posted about like the base coins. 568 00:29:42,160 --> 00:29:46,040 But the mean game on base is really and that was a bull at 569 00:29:46,040 --> 00:29:47,520 some point. It's pretty weak, dude. 570 00:29:47,800 --> 00:29:51,680 Like it is so weak. I mean there's like like he 571 00:29:51,680 --> 00:29:53,760 posted this there. I found the tweet from July 572 00:29:53,760 --> 00:29:55,400 15th. He's like there's generally 573 00:29:55,400 --> 00:29:58,440 nothing to buy on base. And you look at this and like, 574 00:29:58,440 --> 00:30:00,760 well, you saw the did you guys see the D Gen. update from the 575 00:30:00,760 --> 00:30:04,320 other day? The bridge problem people have 576 00:30:06,040 --> 00:30:11,080 been losing 100% of their funds using the D Gen. bridge and 577 00:30:11,080 --> 00:30:12,760 they're they've committed to refunding people. 578 00:30:12,760 --> 00:30:16,920 So that stuff is not going well. And also Davies commented on 579 00:30:16,920 --> 00:30:20,680 that but he was talking about how should've never been in L3 580 00:30:21,240 --> 00:30:23,160 in the first start for in the Gecko because they had the 581 00:30:23,160 --> 00:30:25,600 attention of picking the forecaster coin though it wasn't 582 00:30:25,600 --> 00:30:30,560 right. I don't know, it always goes 583 00:30:30,560 --> 00:30:32,880 back to Solana for the exception of Pepe and Mog. 584 00:30:32,880 --> 00:30:35,160 What do you guys think? Like when it comes to shit coins 585 00:30:35,720 --> 00:30:38,280 it's all on Seoul besides Pepe and Mog. 586 00:30:39,720 --> 00:30:42,760 Yeah, I'm super bullish on Solana. 587 00:30:42,760 --> 00:30:46,960 I mean, I mean. We know, Yeah. 588 00:30:46,960 --> 00:30:49,560 Hey, how's your how's your journey as a meme corn dev going 589 00:30:49,760 --> 00:30:51,200 in these in these days of Solana? 590 00:30:51,200 --> 00:30:55,080 Are you feeling confident? I just mean in general, like I 591 00:30:55,120 --> 00:30:59,920 just, I just feel as though I like the yeah, I like the 592 00:30:59,920 --> 00:31:06,880 institutional angle for Eve, but it feels, it feels a little bit 593 00:31:06,880 --> 00:31:10,440 scary to me that that's kind of all it has at the moment. 594 00:31:12,400 --> 00:31:17,000 Yeah, I'm, I'm, you know, Salon is making comparable revenue now 595 00:31:17,040 --> 00:31:21,800 to like in terms of fees and total economic value. 596 00:31:22,280 --> 00:31:23,880 It's kind of there or thereabouts. 597 00:31:24,600 --> 00:31:28,480 And yet it's a, it's a fifth of the size and it's making that on 598 00:31:28,480 --> 00:31:33,920 5 billion of TBL, right, Which tells you if Salon of TBL goes 599 00:31:33,960 --> 00:31:39,480 up, it could be, you know, it could, it could dwarf it. 600 00:31:39,480 --> 00:31:46,760 So yeah, I just think that for me, although I own all of them, 601 00:31:47,440 --> 00:31:49,680 the one I'm really, really bullish on here is Solana. 602 00:31:49,680 --> 00:31:51,280 It just seems so misprised to me. 603 00:31:52,560 --> 00:31:58,120 And whenever, whenever you see this sort of stuff by base, base 604 00:31:58,120 --> 00:32:01,160 has some some consumer applications, it feels like 605 00:32:01,160 --> 00:32:03,360 coming. Although a lot of the similar 606 00:32:03,360 --> 00:32:07,080 ones haven't really stayed active Right Friend Tech What 607 00:32:08,440 --> 00:32:11,480 was the other one friend pet as well. 608 00:32:11,920 --> 00:32:14,400 The gaming side of stuff hasn't really caught on. 609 00:32:14,400 --> 00:32:18,640 So yeah, I just, it's just tough. 610 00:32:18,840 --> 00:32:22,320 I just the L2 narrative just doesn't feel as anywhere near as 611 00:32:22,320 --> 00:32:26,320 strong as the monolithic LL1 at the narrative this cycle. 612 00:32:26,320 --> 00:32:29,320 I. Would agree, definitely feels. 613 00:32:29,840 --> 00:32:32,240 I mean, kind of hate to say it, but everything felt always felt 614 00:32:32,240 --> 00:32:34,760 a little more forced. The fact they never leaned 615 00:32:34,760 --> 00:32:38,680 really leaned into like Frintech as like their top consumer app. 616 00:32:38,680 --> 00:32:40,960 And now it's just totally abandoned basically. 617 00:32:41,480 --> 00:32:44,920 So I mean, that's that's a negative. 618 00:32:44,920 --> 00:32:48,800 And then I just personally when events happen, like if you, if 619 00:32:48,800 --> 00:32:53,400 you want to trade the news, like the first decks I check every 620 00:32:53,400 --> 00:32:54,920 morning, it's the way it's Salon like that. 621 00:32:54,920 --> 00:32:57,680 That's where that that is where all the action is, and it's 622 00:32:57,680 --> 00:33:01,280 where the organic action is. The most bullish thing happening 623 00:33:01,280 --> 00:33:04,600 on this cycle is polymarket in my opinion. 624 00:33:05,320 --> 00:33:08,680 Yes. 100%. And that's happening on Matic 625 00:33:08,680 --> 00:33:13,400 and I'm not even too sure if it's going to stay, stay on, on 626 00:33:13,400 --> 00:33:17,160 Matic for, for forever, right. Like Polymarket might just make 627 00:33:17,160 --> 00:33:19,640 its own chain just the way, the way that it's going, right? 628 00:33:19,640 --> 00:33:23,080 Like it's, it is its own app, It's its own beast right now. 629 00:33:23,080 --> 00:33:28,720 It's it's defining so much. Yeah. 630 00:33:29,600 --> 00:33:32,160 It's it's just difficult, difficult for me to really get 631 00:33:32,160 --> 00:33:34,440 behind. It's not saying I'm thinking for 632 00:33:34,440 --> 00:33:36,320 NFTS. I still like punk, the punk 633 00:33:36,320 --> 00:33:38,120 story. I still like some of the NFTS 634 00:33:38,120 --> 00:33:40,000 story because they feel it more like collectivings. 635 00:33:40,840 --> 00:33:44,240 And that doesn't necessarily need the same level of usability 636 00:33:44,240 --> 00:33:48,800 as some of the others. But yeah, it does. 637 00:33:48,920 --> 00:33:50,880 It just doesn't really feel like it's got it right now. 638 00:33:53,120 --> 00:33:55,520 Yeah, it's it's really where the action's at. 639 00:33:55,520 --> 00:33:57,840 I mean, if I look at my watch list of memes, it's like there's 640 00:33:57,920 --> 00:33:59,920 three on ETH and the rest is all sold. 641 00:33:59,920 --> 00:34:02,360 So it's like where most people are trading in and out of and it 642 00:34:02,360 --> 00:34:03,720 seems like we got quite a bounce on it. 643 00:34:03,720 --> 00:34:05,120 I mean, Tyler, what are you, what are you looking at these 644 00:34:05,120 --> 00:34:08,360 days? Yeah, I mean, we talked about on 645 00:34:08,360 --> 00:34:12,199 the show, I mean, I think it's Pepe Mog and a few downstream. 646 00:34:12,320 --> 00:34:14,880 I think one thing I like about ETH memes is because there's so 647 00:34:14,880 --> 00:34:17,320 much less action, there's like concentration. 648 00:34:17,800 --> 00:34:20,719 So it like it actually makes it a little bit easier. 649 00:34:21,520 --> 00:34:23,840 It's like the one of the challenges on on Seoul, like if 650 00:34:23,840 --> 00:34:27,239 you're deep into the like this is from a meme coin lens that 651 00:34:27,239 --> 00:34:30,120 there's so many competitors launching on on any day that 652 00:34:30,280 --> 00:34:34,600 like there's real risk that even today's hot one is like a legit 653 00:34:34,600 --> 00:34:36,760 0 tomorrow. And it's a little bit different 654 00:34:36,760 --> 00:34:40,520 game over on on ETH, which is nice for those who who like to 655 00:34:40,520 --> 00:34:46,760 go to sleep with their bags. But I mean, I'm the prediction 656 00:34:46,760 --> 00:34:50,040 markets, I think it is super fun, like a hot topical and 657 00:34:50,040 --> 00:34:53,920 maybe we pivot into that a little bit pro. 658 00:34:53,920 --> 00:34:57,600 So I think one of the, the top stories from yesterday, so up 659 00:34:57,800 --> 00:35:01,680 for the last few weeks, like the big headline for for Biden has 660 00:35:01,680 --> 00:35:04,680 been he's steadfast. He's not dropping out of this 661 00:35:04,680 --> 00:35:07,920 race for the first time yesterday, we saw a crack in 662 00:35:07,920 --> 00:35:10,400 that facade. He said that he would be willing 663 00:35:10,400 --> 00:35:13,600 to to think about stepping down due to sickness. 664 00:35:14,520 --> 00:35:18,160 And then just a few hours later announced that, you know, he had 665 00:35:18,160 --> 00:35:22,920 COVID and the prediction markets just went absolutely nuts. 666 00:35:23,240 --> 00:35:25,600 Let me see some of the the numbers here. 667 00:35:25,600 --> 00:35:29,920 So Kamala up to 50%. Yeah, she's 50% to be the dim 668 00:35:29,920 --> 00:35:34,600 nominee now buying to drop out of the race up to 67%. 669 00:35:37,160 --> 00:35:40,520 Interestingly, Trump actually dropped a bit in his chances to 670 00:35:40,520 --> 00:35:43,240 win the election from he, I saw him around 70. 671 00:35:43,240 --> 00:35:46,040 He's down 66%. Then the other race that went 672 00:35:46,040 --> 00:35:48,640 nuts is the the Democratic VP nominee. 673 00:35:49,880 --> 00:35:53,960 So Kamala is dropping like a stone because she's likely to be 674 00:35:53,960 --> 00:35:57,480 the the president nominee. Roy Cooper and Josh Shapiro now 675 00:35:57,480 --> 00:36:00,440 are the, are the front runners. I, I really kind of look these 676 00:36:00,440 --> 00:36:03,000 guys up. I'm not really familiar with 677 00:36:03,120 --> 00:36:04,400 with either of them. Hey. 678 00:36:04,440 --> 00:36:07,120 But see, Cooper, I'm telling this is the guy that GCR was 679 00:36:07,120 --> 00:36:10,120 texting with Shkreli about. I brought it up on the show last 680 00:36:10,120 --> 00:36:13,200 week or two weeks ago when Shkreli posted a screenshot, not 681 00:36:13,200 --> 00:36:16,720 a screenshot, but the the fucking video thing, like a 682 00:36:16,720 --> 00:36:20,600 screen share and GCR went, you know, the one we don't talk 683 00:36:20,600 --> 00:36:23,080 about enough is Roy Cooper at dude. 684 00:36:23,080 --> 00:36:25,960 Like that would be a crazy call because the guy's always like 685 00:36:25,960 --> 00:36:29,760 under 1%, man. Yeah, he needles that it it will 686 00:36:29,760 --> 00:36:32,800 be a fantastic call. I do wonder how much of of like 687 00:36:32,800 --> 00:36:36,520 the the bump in his odds or the is the GCR bump because now like 688 00:36:36,520 --> 00:36:38,400 that that's somewhat public news. 689 00:36:38,640 --> 00:36:42,240 You know that's GCRS horse in this race. 690 00:36:44,200 --> 00:36:49,800 But I mean, it really feels like Biden is on his on his way out. 691 00:36:49,840 --> 00:36:52,680 Yeah, he. Kind of said he set it up right. 692 00:36:52,720 --> 00:36:56,760 He basically said, look, if if the doctor's tell me that I have 693 00:36:56,760 --> 00:37:01,200 a problem, then I won't run. And then I think the press 694 00:37:01,200 --> 00:37:04,320 secretary said yesterday that he'd had like a, a meeting with 695 00:37:04,320 --> 00:37:06,520 the doctors or this is. A pretty wild change by the way. 696 00:37:06,520 --> 00:37:08,240 52% I've never seen it this high. 697 00:37:09,240 --> 00:37:12,960 Yeah, well, just over the last 24 hours, you saw a few things 698 00:37:12,960 --> 00:37:14,600 happen. You saw them delay the the, the 699 00:37:14,600 --> 00:37:17,040 DNC, it looks like. So there have been some talk 700 00:37:17,040 --> 00:37:20,440 about them bringing it forward, which would have confirmed 701 00:37:20,440 --> 00:37:22,360 Biden, but then it looks like they're going to delay it. 702 00:37:22,600 --> 00:37:26,960 Pelosi came out and gave some very feeble support behind 703 00:37:26,960 --> 00:37:29,240 Biden, basically telling him that the race could be pretty 704 00:37:29,240 --> 00:37:32,160 bad. And then you basically seen 705 00:37:32,160 --> 00:37:34,840 these comments from Biden saying, hey, if a doctor tells 706 00:37:34,840 --> 00:37:39,480 me I can't run, I won't run. And then he's gotten COVID and 707 00:37:40,440 --> 00:37:42,760 he's not looking so good coming out of the plane and all this 708 00:37:42,760 --> 00:37:45,040 sort of stuff. Like I think, I think it's set 709 00:37:45,040 --> 00:37:49,040 up that this, you know, if, if he's, if he's going to walk 710 00:37:49,040 --> 00:37:51,760 away, it'll happen relatively soon, I think. 711 00:37:52,640 --> 00:37:57,800 Yeah, the talk is sticking to the DNC like the the the Dems 712 00:37:57,800 --> 00:38:00,680 have to be united with a candidate in one. 713 00:38:01,800 --> 00:38:05,720 I I I put $100 in Biden drops out of traditional race and I'm 714 00:38:05,720 --> 00:38:08,880 up 3.42%. I'm now officially announcing 715 00:38:08,880 --> 00:38:11,680 that I am a political betting expert. 716 00:38:12,480 --> 00:38:17,400 I am up and I Biden drops out. I bought some shares the other 717 00:38:17,400 --> 00:38:21,680 day, $100 worth yesterday and I'm 123 dollars boom. 718 00:38:22,840 --> 00:38:26,200 So smart by Trump though, right? He's just the only other person 719 00:38:26,200 --> 00:38:28,080 that could have really been other than Kamala was one of 720 00:38:28,080 --> 00:38:30,960 these billionaires, which would have been Jamie Dimon. 721 00:38:31,120 --> 00:38:34,560 That's so true bro. And he's come out and basically 722 00:38:34,560 --> 00:38:37,640 offered Jamie Dimon the Treasury Secretary position and told him 723 00:38:37,640 --> 00:38:40,960 that he might be interested. Diamond can't really do anything 724 00:38:40,960 --> 00:38:45,160 now, can he? So is this, you see what's 725 00:38:45,160 --> 00:38:47,880 happening? Like the social move there, It's 726 00:38:47,880 --> 00:38:50,200 smart, right? It's on the analogy, he's like 727 00:38:50,200 --> 00:38:54,320 setting up The Apprentice again with, with all of these people 728 00:38:54,320 --> 00:38:58,560 who are putting them in positions of power, like Elon, a 729 00:38:58,560 --> 00:39:01,520 lot of the, the Silicon Valley VCs, Jamie Dimon. 730 00:39:01,560 --> 00:39:03,960 And like, once they're in these positions, like they kind of 731 00:39:03,960 --> 00:39:08,440 have to continue being like bending the knee and giving him 732 00:39:08,440 --> 00:39:09,760 allegiance and that they don't, right? 733 00:39:09,760 --> 00:39:12,240 He can, he can pull out the firing card, which we know he's 734 00:39:12,240 --> 00:39:17,680 not afraid to, to do So he, he's setting it up like that. 735 00:39:17,680 --> 00:39:21,120 That is a fact. Elon was part of the first 736 00:39:21,280 --> 00:39:24,200 Trump. I remember he was brought in as 737 00:39:24,200 --> 00:39:27,400 an economic advisor. I, I don't remember that like he 738 00:39:27,400 --> 00:39:29,840 was brought, he was brought in as an economic advisor, I think 739 00:39:29,840 --> 00:39:32,960 to the first Trump presidency and then he. 740 00:39:32,960 --> 00:39:35,840 Quit he diamond. No, Elon. 741 00:39:36,240 --> 00:39:37,960 Well, Elon, yeah, yeah, yeah, there was something. 742 00:39:38,320 --> 00:39:40,200 And then he. Quit because he and he was just 743 00:39:40,200 --> 00:39:43,880 like, it was a disaster. So but that I think that was 744 00:39:43,880 --> 00:39:46,080 about clean energy more than anything. 745 00:39:46,080 --> 00:39:47,440 I, I don't know, it'll be around that. 746 00:39:47,760 --> 00:39:52,240 A lot of stuff changes with the years and also with money being 747 00:39:52,240 --> 00:39:55,440 involved, that's for sure. I don't know if you guys saw 748 00:39:55,440 --> 00:39:58,320 Elon is moving his entire HQ into into Austin. 749 00:39:58,440 --> 00:40:00,240 He's out. Yeah, he's out. 750 00:40:00,280 --> 00:40:03,920 He's out of California. For XI, believe right. 751 00:40:04,160 --> 00:40:07,000 Not, not Austin, right? No, it's it's not, it's, he 752 00:40:07,000 --> 00:40:08,240 said. I'm pretty sure it's Austin. 753 00:40:08,240 --> 00:40:09,840 He said He he said something about. 754 00:40:11,240 --> 00:40:13,480 One of them's Stargate, one of them's Austin, I think. 755 00:40:13,480 --> 00:40:15,440 So like XI think is going to Austin, Yeah, X is. 756 00:40:15,640 --> 00:40:18,640 Going to Austin? Yeah, X is going to Austin 757 00:40:18,720 --> 00:40:20,440 because Tesla's already has the gift factory. 758 00:40:20,520 --> 00:40:23,440 Texas Tech. Tesla's already in on Texas, 759 00:40:23,440 --> 00:40:26,920 right? Brownsville is where star base 760 00:40:26,920 --> 00:40:29,840 is. So this is a little, this is 761 00:40:29,840 --> 00:40:33,120 more a headline than substance. So like the operations are, it's 762 00:40:33,120 --> 00:40:35,120 going to be too expensive for us to for him to move like the 763 00:40:35,120 --> 00:40:38,880 actual, yeah, like SpaceX operation out of California. 764 00:40:39,720 --> 00:40:43,240 Clearly like he's not happy with what Newsome is doing over 765 00:40:43,240 --> 00:40:43,640 there. It's hard. 766 00:40:44,240 --> 00:40:46,080 To be happy with these guys, those aren't. 767 00:40:48,080 --> 00:40:51,320 Which kills like Newsome's also like he was a presidential 768 00:40:51,320 --> 00:40:54,600 candidate, like, you know, he was a a horse in that race. 769 00:40:54,600 --> 00:40:55,560 They're they're. For I think he was. 770 00:40:55,800 --> 00:40:58,120 I mean, there was, I think there was a period of time he was 771 00:40:58,120 --> 00:40:59,680 above Kamala. That's. 772 00:40:59,680 --> 00:41:01,720 It was a period of time when he was at like 7-8 points when 773 00:41:01,720 --> 00:41:04,000 Kamala was one that was under that before the whole like, oh, 774 00:41:04,000 --> 00:41:05,960 Biden getting sick stuff. It was a period of time when 775 00:41:05,960 --> 00:41:08,280 Newsome was like the guy that people were like hyping up. 776 00:41:09,360 --> 00:41:14,840 Those days are over. Yeah, yeah, is is it is what it 777 00:41:14,840 --> 00:41:17,880 is though. And, and and I guess we'll see 778 00:41:17,880 --> 00:41:19,320 what what happens. That front. 779 00:41:19,320 --> 00:41:21,520 It's going to be interesting. This reality show continues 780 00:41:21,520 --> 00:41:24,600 though Tyler, the reality show. It's one big reality show. 781 00:41:24,600 --> 00:41:27,320 Feels like a reality show, like we've got the the Biden intern 782 00:41:27,320 --> 00:41:30,640 with like one of the most viral. I was applauding it. 783 00:41:30,640 --> 00:41:33,120 Like I thought it was hilarious. Like I know people were on both 784 00:41:33,400 --> 00:41:35,920 sides. I'm sick. 785 00:41:36,160 --> 00:41:39,120 I'm sick of the the rich trying to buy a selection. 786 00:41:40,120 --> 00:41:44,520 I have to say this was so good like that was brilliant. 787 00:41:45,600 --> 00:41:49,120 That was brilliant from from the intern. 788 00:41:49,120 --> 00:41:52,400 So it's an intern battle. This all has become a war means 789 00:41:52,440 --> 00:41:56,800 I don't know what that how how that is on the on the looks on 790 00:41:56,800 --> 00:41:58,000 the outside, but that's about it. 791 00:41:58,000 --> 00:42:01,800 But anyways, Tyler, anything else the. 792 00:42:02,120 --> 00:42:04,600 More like substantive news from yesterday. 793 00:42:04,600 --> 00:42:07,800 It was the Grayscale AI, so I'll just quickly go into it. 794 00:42:07,800 --> 00:42:11,320 So yesterday Grayscale announced this new decentralized AI fund. 795 00:42:11,320 --> 00:42:13,400 It's seeking to provide its investors with access to 796 00:42:13,400 --> 00:42:17,240 blockchain and AI. The fund is made-up of a basket 797 00:42:17,240 --> 00:42:20,720 of five decentralized AI protocols, market caps in the 798 00:42:20,720 --> 00:42:24,720 one to $7 billion range. So near is up first 33% of the 799 00:42:24,720 --> 00:42:29,960 fund Filecoin at 30%, render at 25% and then live peer at 8.6 800 00:42:29,960 --> 00:42:35,200 and and Tau but tensor at 3%. So these five, they represent 801 00:42:35,200 --> 00:42:39,000 three primary categories of AI assets, including protocols 802 00:42:39,000 --> 00:42:42,840 building AI services, protocols addressing centralized AI 803 00:42:42,840 --> 00:42:46,040 problems, and then infrastructure and resources 804 00:42:46,040 --> 00:42:48,320 critical for this development. So the fund, it's going to 805 00:42:48,400 --> 00:42:51,680 continue to rebalance the basket quarterly as these tokens 806 00:42:51,680 --> 00:42:54,600 change. You know, I think why this one 807 00:42:54,600 --> 00:43:00,040 matters for me is we saw the early stages of folks trying to 808 00:43:00,040 --> 00:43:03,200 to make the AI crypto bet in 2024. 809 00:43:03,200 --> 00:43:05,920 I think Tau was top of mind for a lot of folks. 810 00:43:06,360 --> 00:43:10,320 Then it kind of faded off. I still think there's a chance 811 00:43:10,320 --> 00:43:14,200 that AI is, I think there's a dark horse chance that AI is 812 00:43:14,240 --> 00:43:19,760 nothing of this cycle. And like it's clearly mean coins 813 00:43:19,760 --> 00:43:22,440 right now. But like we've seen retail 814 00:43:22,440 --> 00:43:25,320 investors, they want AI stocks. So we've seen it with NVIDIA, 815 00:43:25,320 --> 00:43:28,320 right? NVIDIA hit three trillion, 30% 816 00:43:28,320 --> 00:43:31,600 bigger than than all of crypto. And it's, it's, it's almost like 817 00:43:31,600 --> 00:43:35,320 a mean bet on, on AI, Like people just want exposure to 818 00:43:35,320 --> 00:43:38,200 that. It's not crazy for me to to 819 00:43:38,200 --> 00:43:40,760 think that they'll want to make the same bets in the crypto 820 00:43:40,760 --> 00:43:42,120 space. And a lot of folks just don't 821 00:43:42,120 --> 00:43:44,840 know where to start. I've seen that first hand and, 822 00:43:44,880 --> 00:43:49,280 and now Grayscale has outlined 5 potential options for like this 823 00:43:49,280 --> 00:43:50,760 is where you can start. And this is where we're we're 824 00:43:50,760 --> 00:43:53,960 placing our bets. So like, if you don't know, I 825 00:43:53,960 --> 00:43:56,920 mean here, here's a starter list like right here. 826 00:43:57,480 --> 00:44:01,480 So it's huge for those 5 coins and then if the. 827 00:44:02,240 --> 00:44:04,840 Narrative is going to be pushed. That's like really like, but you 828 00:44:04,840 --> 00:44:06,960 know what, like these are the five coins that I've heard about 829 00:44:06,960 --> 00:44:08,840 the most. Like even before this great 830 00:44:09,040 --> 00:44:14,840 grayscale announcement, like render near Falcon and Tao. 831 00:44:14,920 --> 00:44:18,000 I I I was hearing less about the other one, but of course, like 832 00:44:18,040 --> 00:44:19,680 that was also one of the main narrative drivers. 833 00:44:19,680 --> 00:44:23,480 I feel like people were already pretty vocal about these on the 834 00:44:23,480 --> 00:44:27,000 timeline general like Tao had. Like Jet Tao was up crazy. 835 00:44:27,360 --> 00:44:29,680 Tao was super hot. It's a great name, great ticker 836 00:44:30,600 --> 00:44:34,320 and that one felt like the AI play for me. 837 00:44:34,320 --> 00:44:37,680 I can in Q1. Yeah, render, render. 838 00:44:37,880 --> 00:44:40,520 Faded a little bit. Yeah, it's gonna be interesting. 839 00:44:40,520 --> 00:44:42,640 Hey, will we get an AITF at some point? 840 00:44:42,680 --> 00:44:45,440 Maybe you never know, but these things down the line. 841 00:44:45,440 --> 00:44:51,200 So it's it's interesting to to get to to have a good basket in 842 00:44:51,200 --> 00:44:52,520 there. So yeah, that was big news 843 00:44:52,520 --> 00:44:54,920 indeed, you're right. But anyways, look, that's a good 844 00:44:54,920 --> 00:44:57,160 roundup. I think we've we've gone around 845 00:44:57,160 --> 00:44:59,480 the block quite a bit. Tomorrow's Friday, You'd love to 846 00:44:59,480 --> 00:45:00,720 see it. We're going to have ovion. 847 00:45:00,720 --> 00:45:03,920 I think they want to talk about a little bit about the some some 848 00:45:03,920 --> 00:45:06,880 rec drinks rec brands type of things, but also vibe with us. 849 00:45:06,880 --> 00:45:08,600 We have the robot spins. Let's pick someone to win right 850 00:45:08,600 --> 00:45:10,320 now. Actually, you know what, Tyler, 851 00:45:10,720 --> 00:45:14,080 you're going to have the magic stop to pick someone to make 100 852 00:45:14,080 --> 00:45:17,120 bucks on this show right now. So I'm just going to go like 853 00:45:17,120 --> 00:45:19,040 this and like that and like this and like that. 854 00:45:19,040 --> 00:45:21,640 I'm going to move my finger from left to right and you tell me 855 00:45:21,640 --> 00:45:24,720 when to stop. No. 856 00:45:27,680 --> 00:45:29,920 And the winner is OD Hey, let's go. 857 00:45:29,920 --> 00:45:34,960 I know he's a he's an avid listener OD 3005 OD listener 858 00:45:34,960 --> 00:45:37,760 since this very, very early on. So OD three OO five with the 859 00:45:37,760 --> 00:45:39,200 chimpers. Well, by the way, chimpers have 860 00:45:39,640 --> 00:45:43,600 chimpers have been cooking, man, they're working 20,000 views on 861 00:45:43,600 --> 00:45:45,760 Giffy or something like that. They're they're cooking. 862 00:45:45,760 --> 00:45:48,000 So ODG. They launched new plushies this 863 00:45:48,040 --> 00:45:50,120 week. Plushies, I feel like we're due 864 00:45:50,120 --> 00:45:54,040 for like a proper NFT roundup at some point between doodles, 865 00:45:54,480 --> 00:46:01,600 pudgy ape, chain chimpers, things, you know there's some 866 00:46:01,720 --> 00:46:03,840 it's it's you know, we we couldn't at some point in the 867 00:46:03,840 --> 00:46:06,760 next couple weeks it could be a proper NFT like conversation 868 00:46:06,760 --> 00:46:10,840 would be good yeah, I'm done It's I I miss talking about 869 00:46:10,840 --> 00:46:14,880 NFTS, you know and it's fun, right NFTS. 870 00:46:14,880 --> 00:46:17,720 Back I think Beanie did this the doodle sweep yesterday. 871 00:46:17,920 --> 00:46:20,360 Beanie. Beanie swept doodles. 872 00:46:20,480 --> 00:46:25,760 I mean, can we dude? Beanie, Beanie is Boo posting to 873 00:46:25,760 --> 00:46:27,520 those guys. It might be your fault. 874 00:46:27,520 --> 00:46:29,600 I know Beanie listens to the show in anonymous mode. 875 00:46:29,800 --> 00:46:32,760 I know you listening Beanie because sometimes he'll, he'd be 876 00:46:32,760 --> 00:46:36,920 texting me or or reacting in tweets about topics that we 877 00:46:36,920 --> 00:46:39,840 talked about and I know this MF is listening. 878 00:46:40,400 --> 00:46:41,480 Come on Beanie. Come what? 879 00:46:41,560 --> 00:46:43,920 Beanie what you, you know he should come on the show. 880 00:46:44,480 --> 00:46:47,880 Actually you know what NFT combo I want to bring Beanie on. 881 00:46:48,120 --> 00:46:49,760 Yes. You know what? 882 00:46:50,040 --> 00:46:51,600 We should do that for the beanie combo. 883 00:46:51,600 --> 00:46:53,840 There it is. I think he swept, right, Because 884 00:46:54,080 --> 00:46:56,880 you you tweeted how like you talked about on the show 885 00:46:56,880 --> 00:46:59,240 yesterday about how they were down and it makes no sense. 886 00:47:00,080 --> 00:47:02,000 And then they got swept up. Yeah. 887 00:47:02,520 --> 00:47:04,960 Almost right after. Like literally like right up. 888 00:47:04,960 --> 00:47:07,680 See, you see, this listener is listening. 889 00:47:08,120 --> 00:47:10,120 Baby, if you're listening, text me. 890 00:47:10,480 --> 00:47:14,320 Come on the show MFR and we'll talk about your doodles, OK? 891 00:47:14,320 --> 00:47:18,320 Oh wow, they're 260. 2.16 dude, that's a big move. 892 00:47:18,560 --> 00:47:25,320 So now we're talking 30 to 40%. Whoa, that's that's a move. 893 00:47:26,120 --> 00:47:30,320 Whoa, what a move. That's that's I'm impressed. 894 00:47:30,320 --> 00:47:33,040 That is a move that would have been a good see this We still 895 00:47:33,040 --> 00:47:34,840 make good calls without even making calls on the show. 896 00:47:35,160 --> 00:47:36,920 See, we we still got our finger on the pulse. 897 00:47:37,400 --> 00:47:40,240 I love that we got the touch. Tyler did it again. 898 00:47:42,040 --> 00:47:43,280 Is that why your name is Tyler did it? 899 00:47:43,280 --> 00:47:44,640 I never asked. It's part of it. 900 00:47:45,160 --> 00:47:46,280 There you go. Tyler did it. 901 00:47:46,480 --> 00:47:50,160 Tyler does it. Tyler does it again. 902 00:47:51,040 --> 00:47:54,200 Anyways, with that being said, we'll see you tomorrow morning, 903 00:47:54,200 --> 00:47:57,440 10:00 AM Eastern Standard Time for the episode of FOMO Hour on 904 00:47:57,440 --> 00:47:58,880 rock radio. Let's go.