1 00:00:00,160 --> 00:00:01,520 Yo-yo, what up? What up? 2 00:00:01,520 --> 00:00:08,640 Good morning, Good morning MGM. Thursday baby. 3 00:00:08,640 --> 00:00:14,600 Thursday, Thursday, Thursday, March 26th, 7th March 27th, 4 00:00:14,840 --> 00:00:18,800 2025. Look at that another beautiful 5 00:00:18,800 --> 00:00:21,800 day to have a beautiful day. I got my coast in the house. 6 00:00:22,880 --> 00:00:26,640 Tyler Mando good morning, good morning, good morning, good 7 00:00:26,640 --> 00:00:27,720 morning. How you guys doing? 8 00:00:30,240 --> 00:00:31,160 I'm doing fantastic. How are you? 9 00:00:32,400 --> 00:00:37,280 I I'm doing fantastic as well. Actually, I'm doing fantastic as 10 00:00:37,280 --> 00:00:38,440 well. I woke up for the first time in 11 00:00:38,440 --> 00:00:41,120 four days where it's sunshine, so it's always lightens up my 12 00:00:41,120 --> 00:00:43,640 mood when I wake up to sunlight. It's nice. 13 00:00:43,680 --> 00:00:45,480 Do you wake up to sunlight every day in Portugal? 14 00:00:45,480 --> 00:00:47,000 Is it like 300 days of like sun it? 15 00:00:47,440 --> 00:00:50,440 Is 300 days of sun. But today it's it's like, it's 16 00:00:50,440 --> 00:00:52,200 like mixed. There's some sun this morning. 17 00:00:53,480 --> 00:00:59,560 Got you beat today, Tyler. What's up Tyler, how you doing? 18 00:01:00,760 --> 00:01:03,120 I'm good broke. I feel like you hate Wednesdays, 19 00:01:03,120 --> 00:01:06,240 you love Thursdays. So we we have the the hot energy 20 00:01:06,240 --> 00:01:08,440 coming in here today. I I wish I could have appeared 21 00:01:08,440 --> 00:01:12,680 as the gibblefied version of. Of yeah, yeah, you know, that 22 00:01:12,680 --> 00:01:15,080 would be fire, right? Gibbley, like just everyone. 23 00:01:15,080 --> 00:01:17,360 Gibbley like hosts the show as like Studio Ghibbley. 24 00:01:18,040 --> 00:01:20,720 That could be really fun. Is Gibbley is a Ghibbley by the 25 00:01:20,720 --> 00:01:23,400 way? I don't know, I've only seen it 26 00:01:23,400 --> 00:01:24,760 written. I've never heard someone say it. 27 00:01:24,760 --> 00:01:31,320 Because like I said, ghibbley. Because GH is that, but it's 28 00:01:31,320 --> 00:01:32,760 kind of like, it reminds me of the GIF. 29 00:01:32,760 --> 00:01:34,920 If there's GIF argument, you know what I mean. 30 00:01:34,920 --> 00:01:37,720 You guys say GIF or you say GIF? GIF. 31 00:01:38,200 --> 00:01:42,560 GIF Tyler, what do you say? I said GIF but I I mispronounced 32 00:01:42,560 --> 00:01:44,800 a lot of things. So I, I knew you were a GIF guy. 33 00:01:44,840 --> 00:01:47,080 I don't know why I I just had a feeling we're a GIF guy. 34 00:01:47,080 --> 00:01:50,120 It's very American of you. I think it's very American. 35 00:01:50,120 --> 00:01:52,520 Say GIF and it's very like non American say GIF, right. 36 00:01:52,520 --> 00:01:54,320 What you guys say GIF or GIF chat? 37 00:01:55,160 --> 00:01:56,600 Let us know. I see. 38 00:01:56,600 --> 00:01:58,760 I see Bongo. You say GIF or you say GIF. 39 00:01:59,560 --> 00:02:01,080 GIF. You say Gibbly or you say 40 00:02:01,080 --> 00:02:02,760 Gibbly. Wait, Gibbly. 41 00:02:02,840 --> 00:02:04,320 There you go. I can't like having Bongo 42 00:02:04,320 --> 00:02:07,080 hanging out on stage. Pull up Bongo's Twitter, I got 43 00:02:07,080 --> 00:02:10,120 to see if this is real. He posted this food picture of 44 00:02:10,120 --> 00:02:12,920 all the stuff he bought for $40. In Europe. 45 00:02:13,240 --> 00:02:17,120 Let's ask Mando if this is real. Mando Bongo says that he bought 46 00:02:17,120 --> 00:02:19,440 all this for $40 in Europe. Do you think this is real or 47 00:02:19,440 --> 00:02:22,080 fake? That's very real. 48 00:02:22,600 --> 00:02:24,840 Yeah, I think so as well. 100% real. 49 00:02:25,640 --> 00:02:29,360 Bongo real or fake? It's real. 50 00:02:29,600 --> 00:02:32,040 Yeah, what I like. EUR or dollars? 51 00:02:32,040 --> 00:02:33,800 Because that's different, because the euro is quite 52 00:02:33,800 --> 00:02:37,480 stronger. No, it's like $2.00 different. 53 00:02:37,480 --> 00:02:39,800 But yeah, this, this was $40. Wow. 54 00:02:40,000 --> 00:02:42,760 This is true, man. Tyler, this is this is, this is 55 00:02:42,760 --> 00:02:44,320 the truth. This is the truth. 56 00:02:44,320 --> 00:02:49,640 In the US, so let me just. Let me take you a pay your 57 00:02:49,640 --> 00:02:52,960 picture here. I when I go to New York, I take 58 00:02:52,960 --> 00:02:56,560 the I take a Uber into town takes about 45 minutes. 59 00:02:57,040 --> 00:03:00,480 OK, cost me well, maybe about 100. 60 00:03:00,680 --> 00:03:04,000 OK. Fine, I get in the Uber when I 61 00:03:04,000 --> 00:03:06,840 get from Lisbon or we have Bolt over here which is a bit more 62 00:03:06,840 --> 00:03:11,440 popular. Cost me €6 and it's a 35 minute 63 00:03:11,440 --> 00:03:12,720 journey. This is true. 64 00:03:12,760 --> 00:03:16,360 I, I know that for a fact. I can, I can, I can check. 65 00:03:16,360 --> 00:03:18,720 This is real because that last time I was in Lisbon, remember 66 00:03:18,720 --> 00:03:21,240 when we went to check out the poker, the Myriad team and then 67 00:03:21,240 --> 00:03:24,360 we're there doing a fest. I was stuck in traffic 45 68 00:03:24,360 --> 00:03:27,600 minutes and it cost me about €12.00 because it was like 69 00:03:27,760 --> 00:03:29,680 premium. So you got a comfort or 70 00:03:29,680 --> 00:03:31,320 regularly would have been €6, right? 71 00:03:31,640 --> 00:03:34,040 I paid 12 EUR, 45 minutes. I actually felt so bad that I 72 00:03:34,040 --> 00:03:37,920 tipped like 50%. Yeah, like a like a standard 73 00:03:37,920 --> 00:03:40,040 Uber ride, like from just one place and listen to another. 74 00:03:40,040 --> 00:03:42,760 That would be like €3. Yeah, I actually felt bad. 75 00:03:42,760 --> 00:03:45,880 So I like doubled the guy's journey because I was like this. 76 00:03:46,160 --> 00:03:49,440 Surely these people can't be making enough money and and 77 00:03:49,440 --> 00:03:51,640 that's what it is. It is worth in Montreal is the 78 00:03:51,640 --> 00:03:53,120 same. I know Tally, you were shocked 79 00:03:53,120 --> 00:03:55,160 by the press, that thing, but I'm in your camp in Montreal 80 00:03:55,160 --> 00:03:57,960 like whatever Bongo just posted. If I go to my local little 81 00:03:57,960 --> 00:04:02,840 organic food shop that I shop at downstairs, you know what's the. 82 00:04:03,520 --> 00:04:06,000 What's the Super expensive one again in like California? 83 00:04:06,800 --> 00:04:10,640 Oh, everyone we don't have. OK, that's that's the thing. 84 00:04:10,640 --> 00:04:13,680 Danny told me one day he paid like $75.00 for a bottle of 85 00:04:13,680 --> 00:04:19,640 water, bottle of water. It's like this like crazy water 86 00:04:19,640 --> 00:04:20,959 bottle. That's only Danny would do that, 87 00:04:20,959 --> 00:04:24,240 right? But anyways, today on the show, 88 00:04:24,240 --> 00:04:26,240 we're not going to talk about the price of things. 89 00:04:26,240 --> 00:04:27,360 But yeah, Tyler, it is like that. 90 00:04:27,600 --> 00:04:30,360 But rent is more expensive. But I maybe not versus USA 91 00:04:30,360 --> 00:04:32,480 versus me, like I'm shopping in Lisbon. 92 00:04:32,960 --> 00:04:34,120 I thought I would live like a king. 93 00:04:34,120 --> 00:04:37,560 Everyone looks like I may live in the shack with my budget. 94 00:04:37,920 --> 00:04:39,600 I got Mendel sending right. Is expensive. 95 00:04:39,800 --> 00:04:41,560 That's one thing that is expensive here because you have 96 00:04:41,560 --> 00:04:43,120 a lot of people who are digital nomads. 97 00:04:43,480 --> 00:04:45,720 Yeah, but you do spend less on everything else and. 98 00:04:45,800 --> 00:04:48,680 Everything else is. Wages, it's a comp, but like I'm 99 00:04:48,680 --> 00:04:51,560 going my rent is going to be up 100% versus Montreal. 100 00:04:51,840 --> 00:04:54,760 But Montreal rent is ridiculous. This is true. 101 00:04:55,120 --> 00:04:57,200 This is true. Well, also because I earned U.S. 102 00:04:57,200 --> 00:04:59,440 dollars in Canada. So that's also the other part, 103 00:04:59,440 --> 00:05:00,000 right Mandel? Right. 104 00:05:00,000 --> 00:05:03,600 The Canadian dollar but you're right like Montreal rent is is 105 00:05:03,680 --> 00:05:08,080 is insanely cheap and you live good if you earn dollars in USD. 106 00:05:08,200 --> 00:05:11,040 Anyways. I should be hiring in Canada 107 00:05:11,040 --> 00:05:13,280 instead of hiring people in fucking America dude. 108 00:05:13,480 --> 00:05:18,120 Americans are expensive anyway. Side note, Americans are 109 00:05:18,120 --> 00:05:22,640 expensive but even even salaries in Europe are much lower but I 110 00:05:22,640 --> 00:05:23,760 guess they have more like things. 111 00:05:23,840 --> 00:05:26,040 But it's actually pretty crazy when you think about it from a 112 00:05:26,040 --> 00:05:29,480 business owner perspective. USA is really hella expensive 113 00:05:30,440 --> 00:05:32,000 anyways. Well, USA is great, though. 114 00:05:32,000 --> 00:05:34,040 USA is great. Ferrari is going to increase 115 00:05:34,040 --> 00:05:36,960 their crisis by 10% to offset President Trump's tariffs. 116 00:05:36,960 --> 00:05:39,560 Just saw that just then. So, Tyler, looks like you're 117 00:05:39,560 --> 00:05:44,200 going to have to pay 10% more for for your for your incoming 118 00:05:44,200 --> 00:05:45,600 Ferrari. Yeah. 119 00:05:45,800 --> 00:05:47,840 You know, Yeah. It's a good time to sell your 120 00:05:47,840 --> 00:05:49,760 exotic cars if you're in America, because you could 121 00:05:49,760 --> 00:05:51,000 probably bank on that. Yeah. 122 00:05:51,080 --> 00:05:52,720 Mr. G Ferroux's getting some biceps. 123 00:05:53,440 --> 00:05:55,640 Thank you. Yeah, I'm working that a lot. 124 00:05:55,960 --> 00:05:58,560 I worked out a lot. We're hitting. 125 00:05:58,560 --> 00:06:00,600 If I go today, supposed to be my day off, but probably tomorrow 126 00:06:00,600 --> 00:06:03,840 gonna be 5050 for the year, so not bad. 127 00:06:03,880 --> 00:06:05,400 We're we're there. We're, we're getting ripped. 128 00:06:05,400 --> 00:06:07,360 You know, it's got to got to be ready for Lisboa. 129 00:06:07,360 --> 00:06:09,800 You know, they're wearing a lot of T-shirts there, like shorts. 130 00:06:09,800 --> 00:06:12,480 And I'm going to going to hit it anyways today on the show. 131 00:06:13,200 --> 00:06:17,320 I'd also have to be paid more to live in the US, says rug radio 132 00:06:17,320 --> 00:06:19,920 account. Jesus Christ, intern Eddie 133 00:06:21,760 --> 00:06:23,680 market report. We'll talk about the market. 134 00:06:23,680 --> 00:06:27,040 Market is a bit lower today, but also like not insane, like 86 135 00:06:27,040 --> 00:06:27,720 too. I like it. 136 00:06:27,880 --> 00:06:32,280 So we'll talk about that. Then we have then we have 137 00:06:32,440 --> 00:06:35,000 Tyler's top 100 or 1000. I mean, fuck, Tyler probably has 138 00:06:35,000 --> 00:06:36,720 a lot of stuff to cover. There's a lot of things 139 00:06:36,720 --> 00:06:38,840 happening right now. It's a walrus opening 2 billion. 140 00:06:38,840 --> 00:06:40,160 Holy shit. We'll talk about all that good 141 00:06:40,160 --> 00:06:44,040 stuff and then we have a guest coming on today. 142 00:06:44,680 --> 00:06:50,760 We have today's show partner coming on facet, which is an L2 143 00:06:50,760 --> 00:06:52,560 focus on RWA. So I'm actually curious about 144 00:06:52,560 --> 00:06:54,200 what they're doing. So they're going to come on and 145 00:06:54,200 --> 00:06:56,320 then last but not least, robot loot box bins. 146 00:06:56,320 --> 00:06:57,640 Let's see. Let's see what y'all get. 147 00:06:57,640 --> 00:06:59,120 I yet to have to set the loot box. 148 00:06:59,120 --> 00:07:01,720 I'll do it during the show, but as usual, going to probably put 149 00:07:01,720 --> 00:07:04,400 a high chance of winning a Penguin, kind of want to get a 150 00:07:04,400 --> 00:07:06,000 Penguin win. So I'm going to push for that 151 00:07:06,360 --> 00:07:08,600 and then and then there as well, red guys got swept. 152 00:07:08,800 --> 00:07:11,760 Nice fuck red guy man keeps getting swept these days. 153 00:07:12,360 --> 00:07:13,760 I keep having that in your red guys. 154 00:07:13,800 --> 00:07:17,560 That's a good sign, I guess. Anyways, last but only this show 155 00:07:17,560 --> 00:07:20,080 is powered by powered by power galaxies. 156 00:07:20,080 --> 00:07:23,720 We love Galaxy Galaxies is a Web 3 platform empowering creators 157 00:07:23,720 --> 00:07:25,680 and brands to build unstoppable communities to its full 158 00:07:25,680 --> 00:07:27,760 ownership and independence. Trusted by communities. 159 00:07:27,840 --> 00:07:32,200 Sorry, icons like Donald Trump, Steve Aoki and Mike Tyson, Mike 160 00:07:32,200 --> 00:07:34,080 Tyson and the NBA shaping together the future of 161 00:07:34,080 --> 00:07:35,320 engagement, but also wallet connect. 162 00:07:35,320 --> 00:07:37,800 Wallet connects is connectivity network shaping the future of on 163 00:07:37,800 --> 00:07:39,600 chain UX. If you've connected to Web 3 164 00:07:39,600 --> 00:07:42,200 app, you've seen wallet connect that blue logo it's everywhere 165 00:07:43,080 --> 00:07:46,160 as recognizable as Visa at as checkout. 166 00:07:46,160 --> 00:07:48,760 Want to learn more about wallet connect on X and telegrams to 167 00:07:48,760 --> 00:07:52,120 stay ahead of what next We know which we're giving away 150,000 168 00:07:52,120 --> 00:07:54,520 wallet connect tokens guys participate. 169 00:07:54,520 --> 00:07:57,960 Trust me, it's like free money like the points program on on 170 00:07:57,960 --> 00:08:00,920 myriad markets is free to join. You can use myriad points for 171 00:08:00,920 --> 00:08:05,520 free literally $0.00 needed and there's a there's a leader board 172 00:08:05,520 --> 00:08:06,760 right now. Let me see where I am. 173 00:08:08,480 --> 00:08:09,920 Was I booted from the leader board? 174 00:08:10,120 --> 00:08:12,400 I know usually my team likes to kick me out, so I can't 175 00:08:12,400 --> 00:08:15,080 participate. I mean I clearly can't win, but 176 00:08:15,080 --> 00:08:17,600 I but I'm curious Oh no, I was locked out OK, I'll check. 177 00:08:17,600 --> 00:08:20,240 But there's over 20,000 people participating guys in this 178 00:08:20,240 --> 00:08:23,640 thing. I'm torn 50th right now top 179 00:08:23,640 --> 00:08:25,960 predictor in the Wally Connect competition. 180 00:08:26,280 --> 00:08:28,840 That's not too bad. That's not too bad out of 181 00:08:29,640 --> 00:08:34,880 26,000, not bad, no, I'm bad. It's like top 1%, right? 182 00:08:34,880 --> 00:08:37,799 Something like that. So anyways, with that Mando, how 183 00:08:37,799 --> 00:08:40,200 is this market doing? Where is this market going? 184 00:08:40,640 --> 00:08:48,400 Taylor Senpai, who is the man that called Daddy of the land? 185 00:08:52,080 --> 00:08:55,640 Can you dig it? Hello everyone. 186 00:08:56,760 --> 00:09:01,840 So it doesn't feel that great the last 24 hours. 187 00:09:01,840 --> 00:09:05,520 The main thing there has just been the return of tariff 188 00:09:05,520 --> 00:09:11,640 worries and stocks kind of continuing to to kind of sell 189 00:09:11,640 --> 00:09:14,920 off. We, we went below the 200 day 190 00:09:14,920 --> 00:09:17,440 moving average again in the S&P, which is quite an important 191 00:09:17,440 --> 00:09:21,440 level kind of may indicate that we're going to continue this 192 00:09:21,440 --> 00:09:23,680 downtrend for a little bit longer than was initially 193 00:09:23,680 --> 00:09:27,440 expected. A lot of those are oversold. 194 00:09:29,840 --> 00:09:32,160 Oversold metrics are now not as oversold. 195 00:09:32,160 --> 00:09:34,960 So that's not really going to save you any more. 196 00:09:35,560 --> 00:09:39,240 Interestingly, gold just continues to push higher. 197 00:09:39,240 --> 00:09:42,920 So and and and for that reason again, Bitcoin is is starting up 198 00:09:42,920 --> 00:09:47,080 performing. Here. 199 00:09:47,840 --> 00:09:49,680 Wow. Yeah, exactly. 200 00:09:49,680 --> 00:09:53,480 Gold, gold, gold is is doing well again and Bitcoin's kind of 201 00:09:53,480 --> 00:09:55,160 holding on to that a little bit, I think. 202 00:09:55,160 --> 00:09:59,160 So we're not, we're not getting yesterday was not great for 203 00:09:59,160 --> 00:10:02,360 crypto, but it wasn't, it wasn't horrific again, even though the 204 00:10:02,440 --> 00:10:07,200 the NASDAQ was down 2% again. NVIDIA was down a lot, right? 205 00:10:08,040 --> 00:10:10,640 Yeah, yeah, a lot of big tech again, getting hammered. 206 00:10:10,640 --> 00:10:14,880 I mean, a lot of this AI weakness may continue, right? 207 00:10:14,880 --> 00:10:20,400 We've spoken about how the China stuff may be, may be important 208 00:10:20,400 --> 00:10:23,720 there and can and can be a persistent worry for a lot of 209 00:10:23,720 --> 00:10:27,640 these major AI firms. So Microsoft flipped in a video 210 00:10:27,760 --> 00:10:30,280 actually yesterday. Oh wow, yeah. 211 00:10:31,040 --> 00:10:33,640 And a lot of them kind of invidious again down today. 212 00:10:33,880 --> 00:10:36,400 A lot of them are like just looking a little bit bearish. 213 00:10:36,400 --> 00:10:38,160 It feels like. I don't know if they're going to 214 00:10:38,160 --> 00:10:41,400 turn it around or, or, or whatever, but that that is 215 00:10:41,400 --> 00:10:46,960 definitely keeping crypto slightly, yeah, slightly range 216 00:10:46,960 --> 00:10:48,920 bound. Like people bullish. 217 00:10:48,920 --> 00:10:51,520 I think on on crypto, there's some individual stories which 218 00:10:51,520 --> 00:10:54,160 are doing relatively well. Like you can kind of see the 219 00:10:54,160 --> 00:10:55,840 coins that the market likes at the moment. 220 00:10:57,880 --> 00:11:01,600 It means it's probably kind of just fartcoin and and Pepe. 221 00:11:01,600 --> 00:11:03,440 I would say I've probably been the strongest too. 222 00:11:03,440 --> 00:11:05,120 I. Haven't looked at Pepe in a 223 00:11:05,120 --> 00:11:08,840 while. It's just held up OK, what I 224 00:11:08,840 --> 00:11:14,560 would say. And then in in L ones, it feels 225 00:11:14,560 --> 00:11:22,000 as though Bitcoin AVAX has held up pretty well interestingly 226 00:11:22,000 --> 00:11:25,040 over the last few days and and Sonic I would say as well 227 00:11:25,160 --> 00:11:26,520 probably. Yeah. 228 00:11:28,040 --> 00:11:31,160 Those have been like the best bounces I would say or like held 229 00:11:31,160 --> 00:11:33,440 onto their gains. Solano has kind of drifted back 230 00:11:33,440 --> 00:11:35,800 lower again. I don't think that's maybe not 231 00:11:35,800 --> 00:11:36,480 there's. Just one. 232 00:11:36,560 --> 00:11:44,240 It's 137 ish. 138, yeah. 37 yeah, ETH is yeah, didn't didn't 233 00:11:44,240 --> 00:11:47,760 hold on to the gains really either hanging out around 2K 234 00:11:47,760 --> 00:11:50,440 again. So I don't know it's it is 235 00:11:50,440 --> 00:11:53,440 becoming obvious. I think like if I go to the most 236 00:11:55,000 --> 00:12:00,280 the gainers over the last week, it's kind of been the same coins 237 00:12:00,440 --> 00:12:05,520 for a bit there. Oh, Tonya Barrow again, number 238 00:12:05,520 --> 00:12:11,400 7% a sui wow, Baratin guys is really like, I mean that has 239 00:12:11,400 --> 00:12:13,120 been a great coin to hold during the there. 240 00:12:13,160 --> 00:12:15,960 Has been a great coin, like we had him on yesterday. 241 00:12:16,680 --> 00:12:18,120 Loved the interview yesterday actually. 242 00:12:18,440 --> 00:12:21,240 Has caught a lot of the AI move and obviously this proof of 243 00:12:21,240 --> 00:12:23,480 liquidity people people are doing more defy stuff. 244 00:12:23,480 --> 00:12:27,480 So defy coins in general have been have been fairly liked 245 00:12:30,160 --> 00:12:34,560 yeah. So so I I think defy L&L ones 246 00:12:34,560 --> 00:12:36,600 are continuing to be the strongest apart from like the 247 00:12:36,760 --> 00:12:42,360 the odd meme, the the like the daily runner isn't really 248 00:12:42,360 --> 00:12:44,800 holding on for that long, it feels like. 249 00:12:46,040 --> 00:12:49,440 And there are attempts to kind of get it going again, But it 250 00:12:49,440 --> 00:12:55,400 does still feel like memes are in a tough a tougher for a while 251 00:12:55,400 --> 00:12:57,960 and MFTS are doing OK too. That that, let's say that would. 252 00:12:58,080 --> 00:12:59,760 I'd say that's. Yeah, punks are doing great. 253 00:13:02,120 --> 00:13:04,560 But two what are you laughing? Yeah, it's just I didn't. 254 00:13:05,160 --> 00:13:06,680 Say pups, I said. Punks. 255 00:13:06,960 --> 00:13:09,160 Pups is always doing good man. We don't have to worry about 256 00:13:09,160 --> 00:13:09,560 pups. Pups. 257 00:13:10,040 --> 00:13:15,120 Goes UPS. Hey, NFTS are doing great. 258 00:13:15,120 --> 00:13:17,880 Fucking ooty. Just fucking like bank like $20 259 00:13:17,880 --> 00:13:20,320 million, brother. How about that Bitcoin spread 260 00:13:20,320 --> 00:13:20,720 baby? We're. 261 00:13:21,040 --> 00:13:23,520 Yeah, how about that punk Bitcoin spread, baby? 262 00:13:23,520 --> 00:13:28,680 Let's pull up Tyler's spread. I mean, are we up 8086? 263 00:13:28,680 --> 00:13:33,640 Five versus versus versus? Drum roll, 85, eight. 264 00:13:33,640 --> 00:13:36,000 Not bad, not bad. It's honestly one to one. 265 00:13:36,200 --> 00:13:40,920 It's been 1 to one forever. Yeah, it's, it's about the same. 266 00:13:40,920 --> 00:13:42,840 Clearly somebody else was in this trade like I, I didn't 267 00:13:42,840 --> 00:13:45,600 really know. But yeah, all I'm basically 268 00:13:45,600 --> 00:13:50,720 saying is the macro fears. So macro fears back Mando and I 269 00:13:50,720 --> 00:13:52,840 want to ask you. So yesterday, what I liked 270 00:13:52,840 --> 00:13:54,400 seeing, I think Tyler, you mentioned that as well in the 271 00:13:54,400 --> 00:13:58,040 chat is we got a lot of like technically negative tariff 272 00:13:58,040 --> 00:14:00,200 headlines again and you're seeing them again this morning. 273 00:14:00,200 --> 00:14:01,960 Tariff, tariff, tariff. That's obviously, yeah, we're 274 00:14:01,960 --> 00:14:05,120 waiting for Liberation Day next Wednesday on April 2nd. 275 00:14:05,480 --> 00:14:09,240 But Mando, it appears that we stopped aggressively dumping on 276 00:14:09,240 --> 00:14:10,960 these headlines. Like there was a moment in the 277 00:14:10,960 --> 00:14:14,560 past month or so where like every single tariff headline, we 278 00:14:14,560 --> 00:14:17,560 just lost $1000 a headline on Bitcoin. 279 00:14:18,360 --> 00:14:19,960 Like we just kept hammering down. 280 00:14:20,160 --> 00:14:22,080 Do you think we just went to oversold territory? 281 00:14:22,080 --> 00:14:24,360 Now we're just cruising for the time being versus the rest of 282 00:14:24,360 --> 00:14:31,000 the market. I, I think macro people, people, 283 00:14:31,160 --> 00:14:33,680 there was a report out yesterday, which is 51% of the 284 00:14:33,840 --> 00:14:36,040 US think there's going to be some form of a stock market 285 00:14:36,040 --> 00:14:40,360 crash. There's a lot of worry that 286 00:14:40,360 --> 00:14:43,840 this, that the valuations in AI are not going to be sustained 287 00:14:43,840 --> 00:14:46,200 here. And, and like a lot of people 288 00:14:46,200 --> 00:14:48,840 being like, oh, this is going to be exact sameas.com. 289 00:14:49,360 --> 00:14:52,040 It doesn't look as aggressive potentially in my eyes as 290 00:14:52,200 --> 00:14:58,400 as.com, but I don't think people are like FOMO buying back in 291 00:14:58,840 --> 00:15:03,360 like Tesla bounced, for example, and NVIDIA bounced a little bit. 292 00:15:03,360 --> 00:15:06,520 But it doesn't feel like, I think that you have a lot of 293 00:15:06,520 --> 00:15:08,160 like people who are a bit scared. 294 00:15:08,160 --> 00:15:10,680 They're like waiting to see how the next few months evolve. 295 00:15:12,120 --> 00:15:15,120 It's very clear, like with AI that you can catch up with each 296 00:15:15,120 --> 00:15:20,560 other just like unbelievably and it's still difficult where like 297 00:15:20,560 --> 00:15:23,920 where, how to actually create value with these or if you can 298 00:15:23,920 --> 00:15:25,760 even hold on to value in that world. 299 00:15:25,760 --> 00:15:30,600 So I, I think that's like a ongoing worry of the stock 300 00:15:30,600 --> 00:15:33,360 market right now. OK. 301 00:15:33,960 --> 00:15:37,600 Liberation Day. Liberation Day, What do you 302 00:15:37,600 --> 00:15:39,400 think happens? Any big moves before then? 303 00:15:40,440 --> 00:15:43,080 What do you think happens Tyler, you love your liberation day. 304 00:15:43,320 --> 00:15:45,760 What is your? What is your outlook on a? 305 00:15:45,760 --> 00:15:48,240 Few things have happened. So like in the auto tariffs, I 306 00:15:48,240 --> 00:15:52,280 think part of the language that Trump uses, these are permanent 307 00:15:53,680 --> 00:15:57,880 and non negotiable. So I think that was one of the 308 00:15:57,880 --> 00:16:02,480 first times we've seen these hard line tariffs like change. 309 00:16:02,480 --> 00:16:06,080 So like that is telling us that at least a portion of these 310 00:16:06,080 --> 00:16:08,360 tariffs are real and they're going to be here for a while. 311 00:16:09,160 --> 00:16:12,560 So like the whole camp that thought maybe these are just 312 00:16:12,760 --> 00:16:15,560 negotiation tactics, at least for some of these, that's that's 313 00:16:15,560 --> 00:16:18,320 out the that's out the window. So I think that's. 314 00:16:18,840 --> 00:16:21,920 That's a bearish indicator. I would say that that that's my 315 00:16:21,920 --> 00:16:24,240 read on it. On the flip side, we have seen 316 00:16:24,240 --> 00:16:27,320 some of the some of the countries who are facing 317 00:16:27,760 --> 00:16:30,560 reciprocal tariffs start to unwind their tariffs like 318 00:16:30,560 --> 00:16:33,720 Vietnam was one. I've seen a few other countries 319 00:16:33,720 --> 00:16:36,320 as well. I think India rescinded some 320 00:16:36,320 --> 00:16:38,880 tariffs that they had. So we'll see if we get like a 321 00:16:38,880 --> 00:16:40,440 mixed bag of results here in the next. 322 00:16:40,440 --> 00:16:42,520 That could be a little bit on the bullish side. 323 00:16:43,640 --> 00:16:46,360 I think we'll have more information on all this next 324 00:16:46,360 --> 00:16:48,160 week. I'm no macro tariff expert, but 325 00:16:48,160 --> 00:16:51,840 that's what I've seen and it just feels like no one's really 326 00:16:51,840 --> 00:16:53,760 going to. We're not going to see any major 327 00:16:53,760 --> 00:16:57,160 moves until a little bit more concrete info is out. 328 00:16:58,760 --> 00:17:00,120 OK. The countries are going to 329 00:17:00,120 --> 00:17:03,800 handle these. OK, OK. 330 00:17:04,960 --> 00:17:06,319 OK, OK, OK. OK. 331 00:17:06,359 --> 00:17:11,119 So I guess we'll see what this takes us in the market and that 332 00:17:11,119 --> 00:17:12,560 near future. So I'm trying to post this 333 00:17:12,560 --> 00:17:15,720 broadcast link just for us to know we are live every day on 334 00:17:15,720 --> 00:17:18,640 audio and video. You can check us out on the rug 335 00:17:18,640 --> 00:17:21,359 radio YouTube, but also we broadcast here, though the X 336 00:17:21,359 --> 00:17:23,599 broadcast thing has never gone better, to be honest. 337 00:17:24,160 --> 00:17:28,720 And you can always, you know, comment live on the show 338 00:17:28,720 --> 00:17:32,000 anyways. So with that, Tyler, let's get 339 00:17:32,000 --> 00:17:33,800 into let's get into today's topics. 340 00:17:34,520 --> 00:17:35,880 Let's get into what you got first. 341 00:17:37,280 --> 00:17:43,560 MP and crypto analysis. Tyler T on FOMO Hour calls the 342 00:17:43,640 --> 00:17:49,760 kids. Hand crypto major slightly red 343 00:17:49,760 --> 00:17:54,880 amidst more tariff news 25% on all automobiles outside the US. 344 00:17:54,880 --> 00:17:59,240 Bitcoin down a 6004. You can slow down about a 345 00:17:59,240 --> 00:18:03,400 percent or so here as well. Hyper Liquid fell 10% on the day 346 00:18:03,400 --> 00:18:05,880 after the protocol was left with short exposure to the Jelly 347 00:18:05,880 --> 00:18:08,400 Jelly meme coin, which soared to $50 million. 348 00:18:08,400 --> 00:18:11,120 Testing the network's integrity, Hyper Liquid validators 349 00:18:11,120 --> 00:18:14,040 ultimately voted to perform an automated liquidation of the 350 00:18:14,040 --> 00:18:17,600 position at a lower price point than their Oracle showed. 351 00:18:17,600 --> 00:18:21,000 So that situation is resolved, though still some fallout coming 352 00:18:21,000 --> 00:18:23,520 from that. GameStop announced plans for a 353 00:18:23,520 --> 00:18:26,600 debt offering to raise 1.3 billion to two point. 354 00:18:27,920 --> 00:18:30,920 So 2 days ago they approved bitcoins and treasury asset. 355 00:18:30,920 --> 00:18:33,920 One day ago, OK, they're going to buy $1.3 billion worth. 356 00:18:33,920 --> 00:18:36,320 So that was huge news. The blockchain group out of 357 00:18:36,320 --> 00:18:39,360 France also bought 580 Bitcoin for its balance sheet. 358 00:18:39,360 --> 00:18:44,160 That was €47 million worth. In stablecoin news, several US 359 00:18:44,160 --> 00:18:47,440 legislators have shared plans to advance stablecoin and crypto 360 00:18:47,440 --> 00:18:49,160 market legislation over the next few days. 361 00:18:49,160 --> 00:18:53,000 I think we got a first glimpse of that stable act yesterday. 362 00:18:53,080 --> 00:18:57,760 Wyoming announced plans for their own stablecoin, yst, 363 00:18:57,760 --> 00:19:00,560 launching as soon as July, just what everyone in Wyoming wants, 364 00:19:00,560 --> 00:19:04,200 their own stablecoin. And then USDC hit a new record 365 00:19:04,200 --> 00:19:08,240 market cap crossing $60 billion and now command 25% of the 366 00:19:08,240 --> 00:19:11,000 overall stablecoin market. And then Fidelity, they're 367 00:19:11,000 --> 00:19:12,560 throwing their hat in the ring and they announced they're 368 00:19:12,560 --> 00:19:16,360 testing their own stablecoin as well as they dive deeper into 369 00:19:16,360 --> 00:19:19,960 tokenization, not necessarily crypto related, but Robin Hood 370 00:19:19,960 --> 00:19:24,000 folks, they are going full on financial services mode. 371 00:19:24,000 --> 00:19:27,440 They announced a new banking product, they announced a new AI 372 00:19:27,440 --> 00:19:30,840 powered wealth management product and more. 373 00:19:31,240 --> 00:19:34,840 In token AirDrop protocol news, Walrus, they officially launched 374 00:19:34,840 --> 00:19:38,360 their main net and that wall token dropped folks open at 500 375 00:19:38,360 --> 00:19:42,320 million and a $2 billion FTV. Huge launch over on Swede this 376 00:19:42,320 --> 00:19:44,880 morning. Radium is preparing to launch 377 00:19:44,880 --> 00:19:47,680 their pump fund competitor Launch Lab that's coming within 378 00:19:47,680 --> 00:19:50,920 the next week. Polymarket admitted some market 379 00:19:50,920 --> 00:19:54,240 manipulation took place by UMA Wales with the recent Ukraine 380 00:19:54,240 --> 00:19:57,120 Minerals market bet stating though that it couldn't offer 381 00:19:57,120 --> 00:20:00,200 compensation but will work with UMA to prevent this from 382 00:20:00,200 --> 00:20:03,880 happening in the future. IDO announced $5000 in weekly 383 00:20:03,880 --> 00:20:06,480 rewards for the top 50 appers and top 50 emerging appers. 384 00:20:06,480 --> 00:20:08,680 So keep yapping. Then shout to Wasabi. 385 00:20:08,680 --> 00:20:11,640 They open pre deposits for the baritone opening with offering 386 00:20:11,640 --> 00:20:15,320 up to 300%. APY plus points for those 387 00:20:15,320 --> 00:20:18,400 deposits. Rounding this out in AI and 388 00:20:18,400 --> 00:20:21,320 memes, the NFTS AI down about 7% on the day. 389 00:20:21,320 --> 00:20:24,040 Leaders are down about three to 10% across the board. 390 00:20:24,560 --> 00:20:27,080 Memes similar down about three to 10%. 391 00:20:27,120 --> 00:20:32,080 Ghibli was the meme runner of the day, $23 million right now, 392 00:20:32,080 --> 00:20:34,520 $75 million in 24 hour volume. So. 393 00:20:34,840 --> 00:20:38,840 Jesus Christ. We've had in quite some time in 394 00:20:38,840 --> 00:20:41,120 NF, TS, Taproot Wizards, they shared new details. 395 00:20:41,120 --> 00:20:44,880 That Dutch auction is happening today, I think. 11:00 AM 396 00:20:44,880 --> 00:20:46,360 Eastern, right? After it's happening in half an 397 00:20:46,360 --> 00:20:49,040 hour, Yeah. And you can bid and Seoul. 0.42 398 00:20:49,040 --> 00:20:51,960 Bitcoin decreases by point O1 Bitcoin every 3 minutes and then 399 00:20:51,960 --> 00:20:54,720 it's also viable and Solana like you mentioned, forgotten 400 00:20:54,720 --> 00:20:59,920 universe flashback they're they launched their game, the access 401 00:20:59,920 --> 00:21:03,040 mode RIP cash artist sold 64 editions of pattern recognition 402 00:21:03,040 --> 00:21:06,600 for 2.22 each pretty hefty sale there. 403 00:21:07,680 --> 00:21:09,040 NBA Top Shot They're still cooking. 404 00:21:09,040 --> 00:21:11,320 They they debuted a fresh marketplace upgrade. 405 00:21:11,760 --> 00:21:13,800 OK. A tab and a new way to filter 406 00:21:13,800 --> 00:21:16,720 their moments. So Top Shot still still moving 407 00:21:16,720 --> 00:21:21,920 over there. Wow, this is this is a lot. 408 00:21:21,920 --> 00:21:24,880 I mean what do we even I think GameStop right like we feel like 409 00:21:25,240 --> 00:21:28,000 this is the most fun relevant to to majors news. 410 00:21:28,000 --> 00:21:32,920 That was that was out there that those guys, man, I, I fuck with 411 00:21:32,920 --> 00:21:35,000 them. They they're like non-stop doing 412 00:21:35,000 --> 00:21:38,720 the thing and buying Bitcoin. I mean, who's going to be next? 413 00:21:38,800 --> 00:21:41,520 What is it $1.3 billion Bitcoin buy they're announcing? 414 00:21:42,200 --> 00:21:46,000 Yeah, that's the thing. So GameStop has three to $4 415 00:21:46,000 --> 00:21:49,160 billion in cash on hand and and they're not using it. 416 00:21:49,160 --> 00:21:52,080 They, they are going to raise 1.3 billion through a private 417 00:21:52,080 --> 00:21:54,040 offering of convertible senior notes and debt. 418 00:21:54,040 --> 00:21:57,160 And then they're going to use it to acquire Bitcoin. 419 00:21:58,240 --> 00:22:00,560 And as they also announced as a part of this, they're, they're 420 00:22:00,560 --> 00:22:04,680 going to close a significant number of stores in 2025 as, as 421 00:22:04,680 --> 00:22:07,360 a, as ongoing efforts to enhance profitability. 422 00:22:07,360 --> 00:22:10,880 So it feels like they're kind of going that micro strategy route 423 00:22:11,160 --> 00:22:16,040 right where they, they had an actual company model. 424 00:22:16,040 --> 00:22:18,440 Maybe it's a little bit of a zombie company, it's a meme 425 00:22:18,440 --> 00:22:22,600 stock. And now they're pivoting to a 426 00:22:22,600 --> 00:22:25,880 Bitcoin company and it doesn't feel like they're going to be 427 00:22:25,960 --> 00:22:29,480 the one, right? Like we were talking about this 428 00:22:29,480 --> 00:22:32,720 in our group chat yesterday. It, it felt like, you know, 429 00:22:32,720 --> 00:22:37,880 there's maybe 50 companies or so who have significant stockpiles 430 00:22:37,880 --> 00:22:39,680 of Bitcoin right now. It feels like that number is 431 00:22:39,680 --> 00:22:42,640 going to annex in the next couple of years, at least that's 432 00:22:42,640 --> 00:22:45,240 my reading because it sure feels like it's accelerating. 433 00:22:45,440 --> 00:22:47,120 Headlines like this are accelerating right now. 434 00:22:48,160 --> 00:22:51,120 What does that mean for my alts? I'm just kidding. 435 00:22:51,760 --> 00:22:56,240 What does that mean for pups? That's the question. 436 00:22:56,440 --> 00:22:58,320 That's the question. I mean it is on Bitcoin. 437 00:22:59,920 --> 00:23:02,680 It is on Bitcoin. What does that mean for the 438 00:23:02,720 --> 00:23:09,560 Taproot Wizards? Probably nothing anyways. 439 00:23:10,920 --> 00:23:14,360 I don't love this by the way. So why, why, why don't you love 440 00:23:14,360 --> 00:23:15,240 this? I don't. 441 00:23:15,240 --> 00:23:17,680 As I've said before, I don't like it when public companies 442 00:23:17,680 --> 00:23:21,920 are raising convertible notes. Convertible is debt, right? 443 00:23:23,080 --> 00:23:28,080 What I was speaking about with with Sailor is that that it's OK 444 00:23:28,080 --> 00:23:31,080 if it's if it's if it's pref shares. 445 00:23:32,520 --> 00:23:35,440 But if GameStop were to go under, of which there's been 446 00:23:35,440 --> 00:23:39,040 several times in its past where that could happen, that's 1.3 447 00:23:39,040 --> 00:23:40,960 billion coming and it will get sold. 448 00:23:42,760 --> 00:23:46,640 So you are kind of teeing yourself up for here for like 449 00:23:46,640 --> 00:23:49,960 precarious scenarios in the future where yeah, it could get 450 00:23:49,960 --> 00:23:51,840 sold and in not a like a nice way. 451 00:23:53,800 --> 00:23:57,520 So GameStop, I'm saying they have roughly 4.8 billion in 452 00:23:57,520 --> 00:24:02,360 cash, in cash. Why walk walk us all through? 453 00:24:02,360 --> 00:24:06,800 Why would they choose not to use that and go this debt route 454 00:24:07,960 --> 00:24:10,240 instead? Because it is a riskier. 455 00:24:10,560 --> 00:24:13,720 Yeah, because debt, debt is OK for like if you're in your map, 456 00:24:13,720 --> 00:24:16,360 if you run GameStop, right? Yeah. 457 00:24:17,160 --> 00:24:21,440 Do you want to dilute yourself or do you like it's debt is good 458 00:24:21,440 --> 00:24:26,360 for management and at times it can be good for equity holders. 459 00:24:26,360 --> 00:24:29,400 Like there's some stuff in like capital structure formation 460 00:24:29,400 --> 00:24:32,760 about that. But in a case of a bankruptcy or 461 00:24:32,760 --> 00:24:35,560 a company that is club has been or you know, never. 462 00:24:35,560 --> 00:24:36,880 I don't know what Gamestop's free cash flow is. 463 00:24:36,880 --> 00:24:39,960 Let me just have a look at it. GameStop free cash flow last 464 00:24:39,960 --> 00:24:42,760 year, but I imagine they're burning cash. 465 00:24:45,320 --> 00:24:50,000 Who knows. Yeah, they so they burnt 225 466 00:24:50,000 --> 00:24:51,120 million of free cash for last year. 467 00:24:51,600 --> 00:24:53,520 So this company is like, it's probably fine. 468 00:24:53,600 --> 00:24:56,760 That's not crazy versus cash balance, but in the past it's 469 00:24:56,760 --> 00:24:58,960 been through a lot of trouble. And then like, I wouldn't, I 470 00:24:58,960 --> 00:25:01,600 would never bet that in 20 years GameStop doesn't go under. 471 00:25:03,880 --> 00:25:08,480 And and then that that can lead to a messy, messy sale 472 00:25:08,600 --> 00:25:10,800 essentially. And maybe it's OK, it's only 473 00:25:10,800 --> 00:25:12,920 1.3. But if, if they continue to do 474 00:25:12,920 --> 00:25:15,480 this and they raise like 10, that's not, I mean, that's a 475 00:25:15,480 --> 00:25:17,600 risk. Again, that becomes like sailor 476 00:25:17,600 --> 00:25:20,960 style. And not everybody's sailor. 477 00:25:24,720 --> 00:25:28,120 In many ways said he's in a much better like his free cash flow 478 00:25:28,120 --> 00:25:31,280 burn is is basically very, it's very low because he actually 479 00:25:31,280 --> 00:25:33,600 does have a residual business which covers quite a lot of the 480 00:25:33,600 --> 00:25:36,480 interest expense. GameStop is burning 250 million 481 00:25:36,480 --> 00:25:37,680 of free cash flow. Fuck. 482 00:25:37,680 --> 00:25:39,360 Wow. OK, so like all these it's. 483 00:25:39,360 --> 00:25:42,480 Crazy. But it's like, you know, that 3 484 00:25:42,480 --> 00:25:46,200 billion is is going down lower and lower and lower each year at 485 00:25:46,200 --> 00:25:47,640 the moment. And in the past, it's been far 486 00:25:47,640 --> 00:25:50,120 higher than that. BLS is asking you. 487 00:25:50,920 --> 00:25:52,280 He's saying they have a ton of cash on hand. 488 00:25:52,280 --> 00:25:54,200 What's the issue with raising debt when they have 4X what 489 00:25:54,200 --> 00:25:57,760 they're raising in cash and then the switching to a Bitcoin 490 00:25:57,760 --> 00:25:59,520 strategy help them avoid going under? 491 00:26:01,480 --> 00:26:06,040 So does it, does it help them avoid going under that? 492 00:26:06,240 --> 00:26:08,440 That is a relative question, right? 493 00:26:08,840 --> 00:26:11,680 Yes, it may, it may improve their ability to not go under. 494 00:26:12,240 --> 00:26:14,680 But if they go under, it's worse for us, right? 495 00:26:14,680 --> 00:26:18,000 Like, I don't care if GameStop goes under right now, but like, 496 00:26:18,240 --> 00:26:20,320 does it, does it, does it make it a less? 497 00:26:20,320 --> 00:26:22,920 You could say, yeah, Bitcoin's better for them as a, as a, 498 00:26:23,000 --> 00:26:27,120 something to hold. But that that does that means 499 00:26:27,120 --> 00:26:29,360 that suddenly your Bitcoin does have a default risk. 500 00:26:29,360 --> 00:26:32,040 And that's just not really the case elsewhere. 501 00:26:33,480 --> 00:26:36,400 OK I understand this is about my pay grade. 502 00:26:36,480 --> 00:26:39,000 I just hope none of this fucks up because then it fucks up my 503 00:26:39,000 --> 00:26:41,600 bags and all that. Just step back. 504 00:26:42,000 --> 00:26:45,920 Companies raising debt, which is happening a lot to buy Bitcoin 505 00:26:46,280 --> 00:26:50,160 is like, if your friend did that, right, your friend comes 506 00:26:50,160 --> 00:26:52,360 to you and says, hey, I'm going to raise a billion dollars and 507 00:26:52,360 --> 00:26:55,520 let's say they have a lot of money already, but I'm going to 508 00:26:55,520 --> 00:26:58,840 raise some debt to do that. You might think that I don't 509 00:26:58,840 --> 00:27:00,760 know, maybe my friend goes bankrupt in 10 years. 510 00:27:01,080 --> 00:27:05,000 OK then. What happens in in a bankruptcy 511 00:27:05,000 --> 00:27:06,840 scenario often? You have to upload. 512 00:27:07,080 --> 00:27:08,880 It doesn't even have control about what's going to happen. 513 00:27:08,880 --> 00:27:10,400 It can. Get very mad, right? 514 00:27:10,400 --> 00:27:12,520 So that's what happens. And what we're seeing here is a 515 00:27:12,520 --> 00:27:14,320 bunch of our friends are saying, hey, we're going to raise some 516 00:27:14,320 --> 00:27:18,480 debt to buy Bitcoin and that that that's not necessarily a 517 00:27:18,480 --> 00:27:21,120 good thing. It, it, it, yes, it's good for 518 00:27:21,120 --> 00:27:23,840 pumping our bags in the short term, but in the medium term, if 519 00:27:23,840 --> 00:27:27,800 you have a bunch of debt against Bitcoin, that can mean that that 520 00:27:27,800 --> 00:27:29,360 things can go wrong. So. 521 00:27:29,720 --> 00:27:33,000 I'm I'm talking long, longer term, like, yeah, it's like, I 522 00:27:33,000 --> 00:27:34,880 don't know, I don't think game stocks going under in the next 523 00:27:34,880 --> 00:27:36,240 year. Like no, I see what you mean 524 00:27:36,280 --> 00:27:38,040 cash and it's burning 250,000,000. 525 00:27:38,040 --> 00:27:42,640 Like, you know, it's that's 12 years of free cash to burn there 526 00:27:42,880 --> 00:27:44,200 unless they want to do something else. 527 00:27:44,520 --> 00:27:50,960 But but who knows? Gamestop's made some terrible 528 00:27:50,960 --> 00:27:54,280 decisions in the past, so. They have, but maybe they're on 529 00:27:54,280 --> 00:27:57,960 the pathway to making better decisions or. 530 00:27:57,960 --> 00:27:59,040 Not maybe. I wouldn't. 531 00:27:59,160 --> 00:28:01,600 I wouldn't look at Gamestop's credit rating. 532 00:28:02,520 --> 00:28:04,840 Out of the whole thing, I like that they're doing it with 533 00:28:04,840 --> 00:28:08,720 Michael than kind of on their own. 534 00:28:08,920 --> 00:28:14,720 Like it looks like they could be advised better, right, right. 535 00:28:15,600 --> 00:28:17,680 But I see your concern very valid. 536 00:28:17,680 --> 00:28:19,440 I don't know if Tyler's have more thoughts on that, but 537 00:28:19,440 --> 00:28:22,760 that's that's actually a very valid point Mando's bringing 538 00:28:22,760 --> 00:28:24,760 forward. How is Meta Planet doing it 539 00:28:24,760 --> 00:28:27,040 versus GameStop, for example? What's the difference here? 540 00:28:28,000 --> 00:28:30,000 They do a mix. They do a mix. 541 00:28:31,360 --> 00:28:34,960 A lot of it's been equity and I need to I, I they're not as big 542 00:28:36,520 --> 00:28:42,560 in general metaplanic Bitcoin holdings as as got it. 543 00:28:42,560 --> 00:28:45,560 So I'm really asking ChatGPT these sort of questions. 544 00:28:45,760 --> 00:28:50,200 They have 3350 Bitcoin as of March 25th, 2025. 545 00:28:52,080 --> 00:28:55,000 So I don't know what that in dollars, but does something. 546 00:28:55,120 --> 00:28:59,120 You had 86,000. They have 276,000,000, right? 547 00:28:59,120 --> 00:29:01,320 Yeah. It's about 290 million these 548 00:29:01,320 --> 00:29:02,720 prices. So it's smaller, that's 549 00:29:02,720 --> 00:29:05,880 significantly smaller. How much, how much debt do they 550 00:29:05,880 --> 00:29:06,840 have? I'm just going to ask how much 551 00:29:06,880 --> 00:29:10,840 do they have? This is always the word like 552 00:29:10,840 --> 00:29:13,000 liquidate, sailor. Like if you if you do this with 553 00:29:13,000 --> 00:29:14,720 debt, there's always a liquidate. 554 00:29:15,120 --> 00:29:16,160 There's. Always a liquidating point. 555 00:29:17,560 --> 00:29:19,480 So they've been doing debt sales, but like smaller, like 556 00:29:19,480 --> 00:29:22,440 there was an article from 2024 hours, they're like doing a $11 557 00:29:22,440 --> 00:29:24,760 million debt sale. So they've been doing like 558 00:29:24,760 --> 00:29:26,160 smaller batches versus? Right. 559 00:29:26,360 --> 00:29:33,400 That's that's so they have 75 million of debt. 560 00:29:33,400 --> 00:29:37,200 So yeah, it's not, it's still not great, but it's not, it's 561 00:29:37,200 --> 00:29:42,160 not as good as what Sailor is, but it's better than when these 562 00:29:42,160 --> 00:29:46,520 guys have. OK, that's fair. 563 00:29:46,560 --> 00:29:48,120 That's that's a good point. I like that. 564 00:29:48,360 --> 00:29:50,880 I like that intern. That's a good clip. 565 00:29:50,880 --> 00:29:52,520 Let's ask the people. What do you think after that? 566 00:29:52,560 --> 00:29:55,040 Post this up, Tyler. There was a few other things I 567 00:29:55,040 --> 00:29:56,480 see. I see Jose in the studio. 568 00:29:56,480 --> 00:29:57,680 We'll go. We'll get to you in about 569 00:29:57,680 --> 00:30:00,200 7:00-ish minutes to talk about what you're building. 570 00:30:00,200 --> 00:30:01,960 But Tyler, what else do you have for us? 571 00:30:01,960 --> 00:30:03,080 It feels like you had quite a few things. 572 00:30:03,080 --> 00:30:05,160 A. Few things and I want to talk 573 00:30:05,160 --> 00:30:07,080 about hyper liquid here in a second because we talked about 574 00:30:07,120 --> 00:30:08,320 yeah. We have to, yeah. 575 00:30:08,600 --> 00:30:11,240 I quickly want to talk about the Stable Act of 2025. 576 00:30:11,240 --> 00:30:13,560 So we had the full text released yesterday. 577 00:30:14,520 --> 00:30:17,280 Nick Cannon broke it down. Some highlights here. 578 00:30:17,280 --> 00:30:21,240 No yield bearing stables are going to be included, so those 579 00:30:21,240 --> 00:30:25,200 are prohibited. Banks, credit unions, non banks 580 00:30:25,200 --> 00:30:28,920 are approved to issue them. They have to be 1 to one 581 00:30:28,960 --> 00:30:33,560 reserves of cash, treasury bills less than 93 days, or other 582 00:30:33,560 --> 00:30:38,000 highly liquid safe assets. Let's see. 583 00:30:38,000 --> 00:30:41,560 States can certify their own stable coin regimes as well, but 584 00:30:41,560 --> 00:30:45,520 they have to meet or exceed the federal standards and the no 585 00:30:45,560 --> 00:30:49,160 algo stables or at least the next two years. 586 00:30:49,160 --> 00:30:50,680 So those are the the quick highlights. 587 00:30:50,960 --> 00:30:53,880 We'll see how these progress. It does seem like, at least from 588 00:30:53,880 --> 00:30:56,800 what the congressmen are telling us, this is a priority right 589 00:30:56,800 --> 00:30:57,920 now. They're trying to push these 590 00:30:57,920 --> 00:31:01,520 through Congress. So expect more news on that 591 00:31:01,520 --> 00:31:04,720 front. I think that's the story. 592 00:31:04,720 --> 00:31:06,400 I do want to talk about hyper liquid now. 593 00:31:06,640 --> 00:31:10,720 So we, we went through what was happening yesterday on the show 594 00:31:10,720 --> 00:31:13,680 and then shortly after, say probably within about 30 minutes 595 00:31:13,680 --> 00:31:16,040 after we close out our conversation, we got the 596 00:31:16,040 --> 00:31:20,240 resolution. Effectively, they implemented 597 00:31:20,240 --> 00:31:24,720 this rule where if, if someone is exploiting the protocol, it 598 00:31:24,760 --> 00:31:28,000 goes against their terms of service, they have the option to 599 00:31:28,000 --> 00:31:29,880 perform this automated liquidation. 600 00:31:30,520 --> 00:31:32,960 So effectively, I think as I understood it, Jill Jilly was 601 00:31:32,960 --> 00:31:38,040 trading around $40 million and they liquidated the position at 602 00:31:38,120 --> 00:31:42,440 around a $9 million price point after hyper liquid validators 603 00:31:42,760 --> 00:31:45,520 voted to do that. So that that's my situation. 604 00:31:45,520 --> 00:31:48,720 Mando, I don't know if you have a better read on on how it 605 00:31:48,720 --> 00:31:51,880 played out. I thought, I thought initially 606 00:31:51,880 --> 00:31:54,400 the finance and OK X have been the good guys and taking over 607 00:31:54,400 --> 00:31:56,240 their position. Since that they weren't. 608 00:31:56,840 --> 00:32:01,800 And it seems as though actually this was them now, everyone. 609 00:32:01,880 --> 00:32:07,240 It was crime season, baby, like crime from everyone, like I are 610 00:32:07,240 --> 00:32:09,200 they the one that did The Who did the Jelly Jelly? 611 00:32:09,200 --> 00:32:11,680 Who knows, But like let's say that person's a independent 612 00:32:11,680 --> 00:32:14,640 third person. Maybe you'd call that crime or 613 00:32:14,640 --> 00:32:16,520 like you say that an XI, don't know if that's crime. 614 00:32:16,760 --> 00:32:20,640 But can I ask you if this is crime if a hyper liquid platform 615 00:32:20,640 --> 00:32:23,800 allowed this for this to happen? I think what hyper liquid did 616 00:32:23,800 --> 00:32:26,640 was the most crime. Because the Oracle thing is not 617 00:32:26,880 --> 00:32:29,680 like they're calling it suspicious market activity that 618 00:32:29,680 --> 00:32:31,560 goes against the term services. Therefore they settle for their 619 00:32:31,560 --> 00:32:33,480 own Oracle price. Is that what happened, Mando? 620 00:32:34,200 --> 00:32:39,880 I, I, I mean, it's, it is a grey area because like, is that 621 00:32:39,880 --> 00:32:44,520 market manipulation or not? Or is that just that's crypto? 622 00:32:44,720 --> 00:32:47,480 Like you put, they were the people that put that on there. 623 00:32:47,760 --> 00:32:50,840 They put the LP on there. Like, like they knew the LP of 624 00:32:50,840 --> 00:32:55,600 the position they had on there. And it's a, and then it's a 625 00:32:55,600 --> 00:32:59,120 market for other people to see that exploit or see that that 626 00:32:59,120 --> 00:33:02,400 risk and go for it. That's not a there there must 627 00:33:02,400 --> 00:33:04,560 have been hundreds of people involved in buying Jelly Jelly 628 00:33:04,560 --> 00:33:11,680 yesterday, right. So for me, I feel like hyper 629 00:33:11,680 --> 00:33:14,800 liquid were the ones that did the most crime, but they I maybe 630 00:33:14,800 --> 00:33:16,840 would have done the same. I mean, almost 100% would have 631 00:33:16,840 --> 00:33:18,440 done the same thing in their scenario too, right? 632 00:33:18,440 --> 00:33:20,280 Like perform a little bit of crime. 633 00:33:20,280 --> 00:33:21,920 Same. Save, save the protocol. 634 00:33:22,080 --> 00:33:24,160 Yeah, why not? Like I said on this show, I 635 00:33:24,160 --> 00:33:27,880 thought there was a there was a 10% or more probability there 636 00:33:27,880 --> 00:33:32,120 that they could lose 50% or more of their of their treasury and I 637 00:33:32,160 --> 00:33:35,200 think that what happened. They ended up in profit of 638 00:33:35,200 --> 00:33:37,480 $700,000. Right. 639 00:33:37,480 --> 00:33:39,000 So it was at Max. It was Max crime. 640 00:33:39,080 --> 00:33:41,080 Like they decided the price sometimes. 641 00:33:41,080 --> 00:33:42,880 You just got to shut off the fucking exchange. 642 00:33:42,920 --> 00:33:46,240 I mean, you know, it's happened before sometimes. 643 00:33:46,240 --> 00:33:49,040 You got to do what you got to do for the sake of the people you 644 00:33:49,040 --> 00:33:52,920 know. This is crypto man like TIC not. 645 00:33:54,600 --> 00:33:56,040 Impact. So that's what happened. 646 00:33:56,480 --> 00:33:57,640 So this will happen exactly right. 647 00:33:57,640 --> 00:34:00,040 Like shout out to Abby here. So validators rapidly decide to 648 00:34:00,040 --> 00:34:03,200 delist Jelly perps. So they delisted it adjusted the 649 00:34:03,200 --> 00:34:06,920 Oracle price significantly down to a point OO nine $5 per Jelly 650 00:34:07,440 --> 00:34:10,719 closing all open positions publicly communicated, quick 651 00:34:10,719 --> 00:34:12,159 actions transparently. True story. 652 00:34:12,159 --> 00:34:15,159 They they were very quick to to communicate normal users 653 00:34:15,159 --> 00:34:17,880 excluding flagged wallets automatically compensated no 654 00:34:17,880 --> 00:34:20,600 action needed. So the financial outcomes that 655 00:34:20,639 --> 00:34:23,520 hyper liquid turned potential multi $1,000,000 loss into a 656 00:34:23,520 --> 00:34:28,440 $703,000 realized profit after adjustment HLP depositors fully 657 00:34:28,440 --> 00:34:33,800 protected and even profit is $687,000 daily profit despite 658 00:34:34,760 --> 00:34:36,560 initial care. Now the market perception is 659 00:34:36,560 --> 00:34:37,960 true. That's another conversation 660 00:34:37,960 --> 00:34:41,360 right like the old decentralized centralized conversation. 661 00:34:42,159 --> 00:34:46,560 Then Zack XBT came up at at them saying, well, you didn't do it 662 00:34:46,560 --> 00:34:50,040 when it was North Korea, but you're doing it when this is at 663 00:34:50,040 --> 00:34:52,199 stake. So I think then it's just a 664 00:34:52,199 --> 00:34:56,320 matter of the court of public opinion, right? 665 00:34:56,960 --> 00:34:58,440 This what's happening right now, I guess. 666 00:34:58,440 --> 00:35:00,600 What are your thoughts, Tyler? Like, because for me, it's like 667 00:35:00,600 --> 00:35:02,560 what happens to the people? And that was a question that was 668 00:35:02,560 --> 00:35:05,840 in the comments at all. A lot that cashed out scared of 669 00:35:05,840 --> 00:35:07,640 what was potentially about to happen. 670 00:35:08,080 --> 00:35:10,520 Yes, you make the people were in the trade hole, but there's no 671 00:35:10,520 --> 00:35:12,600 way to make people whole if they cashed out. 672 00:35:13,240 --> 00:35:14,800 Zero way. Which was me. 673 00:35:14,800 --> 00:35:17,840 So I I end up selling my high position basically at the bottom 674 00:35:18,720 --> 00:35:21,640 and I withdrew my funds. It was it was an amount that I 675 00:35:21,640 --> 00:35:24,160 wasn't comfortable losing. I see. 676 00:35:24,640 --> 00:35:27,440 I made the risk decision and now I've been sleeping on trying to 677 00:35:27,440 --> 00:35:29,440 decide if I want to buy the position back or. 678 00:35:30,160 --> 00:35:31,720 Not should. Maybe wait for this to play out 679 00:35:31,720 --> 00:35:33,440 of it. Yeah, there's other, there's 680 00:35:33,440 --> 00:35:37,880 other factors playing on macro right now as well, but I still 681 00:35:37,880 --> 00:35:40,480 haven't seen the response of, OK, what are they going to do 682 00:35:40,480 --> 00:35:42,440 moving forward? Like take these tokens? 683 00:35:42,480 --> 00:35:45,040 Like how what are your risk procedures to take these tokens 684 00:35:45,040 --> 00:35:49,600 off your platform that have these tiny liquidity pools that 685 00:35:49,600 --> 00:35:52,520 have these tiny market caps relative to crypto majors? 686 00:35:52,520 --> 00:35:53,960 Like how are you going to prevent this from happening 687 00:35:53,960 --> 00:35:55,960 again? Because as I understand it, it 688 00:35:55,960 --> 00:35:59,000 can happen again right now with with other tokens that. 689 00:35:59,000 --> 00:36:01,320 Are well, they have a ton of like they sound like chill guy, 690 00:36:01,320 --> 00:36:03,080 for example, on there right or like. 691 00:36:03,160 --> 00:36:05,440 There's five other coins that have similar. 692 00:36:06,000 --> 00:36:10,560 Like chill guy USD, chill guys are trading at what like 3-30 693 00:36:10,560 --> 00:36:11,520 mil or something? 3 mil. 694 00:36:11,520 --> 00:36:14,720 I don't know where it's at. Yeah, exactly. 695 00:36:15,360 --> 00:36:18,640 Goat is similar and they're still there. 696 00:36:19,120 --> 00:36:21,640 So I'm I'm I'm definitely not going to be buying back until 697 00:36:21,640 --> 00:36:29,000 they've at least addressed that. With that said, my gut read is 698 00:36:29,000 --> 00:36:32,680 that most market participants here have memories of goldfish 699 00:36:32,680 --> 00:36:38,000 and they're going to move past this and as long as hyper liquid 700 00:36:38,000 --> 00:36:41,640 volumes continue to grind up, they continue to eat into market 701 00:36:41,640 --> 00:36:44,280 share. I think the the bulls, the hyper 702 00:36:44,280 --> 00:36:47,360 liquid bulls will continue to be loud and that may be enough to 703 00:36:47,360 --> 00:36:51,400 continue that. I saw some like beef within that 704 00:36:51,400 --> 00:36:55,360 as well, right? Like I saw like Stow Stow like 705 00:36:55,360 --> 00:36:57,920 Savage. He's a pretty big hyper liquid 706 00:36:57,920 --> 00:37:00,280 guy. And I get kicked out of some 707 00:37:00,280 --> 00:37:03,000 chat and there was a whole thing and Kobe commented like there is 708 00:37:03,000 --> 00:37:05,720 also some people that are not really happy part of the hyper 709 00:37:05,720 --> 00:37:09,640 liquid like bulls. Like it was the first time I saw 710 00:37:09,640 --> 00:37:14,280 like hyper liquid bulls themselves and being very happy 711 00:37:14,280 --> 00:37:17,920 about this honestly. Hyper liquid TVL and TPL 712 00:37:17,920 --> 00:37:20,600 obviously is important for like. That was ironic by the way, the 713 00:37:20,600 --> 00:37:22,040 big ass founder trying to play higher. 714 00:37:22,120 --> 00:37:23,920 Anyways, go ahead. So that was funny. 715 00:37:24,880 --> 00:37:29,320 You can tell it's scared. Was it 690 million on February 716 00:37:29,320 --> 00:37:35,520 10th and it's now at 270. So that TVL has gone down a lot, 717 00:37:35,520 --> 00:37:37,400 which is like the money that's gone into it. 718 00:37:37,760 --> 00:37:41,520 I actually like I like hype liquid. 719 00:37:41,680 --> 00:37:45,480 I had money on there yesterday, you know, and I didn't really 720 00:37:45,480 --> 00:37:50,280 care about the eve stuff. But like I all this is for me 721 00:37:50,280 --> 00:37:51,640 and this is not really their fault. 722 00:37:52,880 --> 00:37:55,120 They are going to like people are going to continue to try and 723 00:37:55,120 --> 00:37:57,280 attack them. Well, and rightfully so because 724 00:37:57,280 --> 00:37:59,560 they're scared of them, right? I'm not saying it's right to do 725 00:37:59,560 --> 00:38:01,840 it and knowing that it's not criminal, but like you can tell 726 00:38:01,840 --> 00:38:06,480 Binance and Co are kind of like worried about that 2. $175 727 00:38:06,520 --> 00:38:11,680 million or $250 million of Treasury, right? 728 00:38:12,200 --> 00:38:14,840 Yes. And remember their whole 729 00:38:14,920 --> 00:38:17,560 insurance fund, the whole point of only hype, right? 730 00:38:18,200 --> 00:38:20,280 They, they have an insurance fund which they make money from. 731 00:38:20,280 --> 00:38:21,320 What have they been doing with that? 732 00:38:21,680 --> 00:38:24,120 They've been buying hype. So it's not like they have like 733 00:38:24,120 --> 00:38:25,920 if something goes wrong, we've got USD. 734 00:38:26,320 --> 00:38:27,720 If something goes wrong. Liquid. 735 00:38:27,920 --> 00:38:30,160 They're going to have to dump hype, right? 736 00:38:30,800 --> 00:38:34,040 Right. So I don't know, but I'm sitting 737 00:38:34,040 --> 00:38:37,200 there going like 275,000,000. You need to switch it down by 738 00:38:37,200 --> 00:38:39,760 Jelly Jelly like that's not that. 739 00:38:39,880 --> 00:38:43,520 Long bro, just. Go and do something and they you 740 00:38:43,560 --> 00:38:46,200 know you can do 200 million plus trades on there. 741 00:38:47,160 --> 00:38:50,040 A lot of whales can do unbelievable size of trades on 742 00:38:50,040 --> 00:38:53,160 there. So it's more like if you were, I 743 00:38:53,640 --> 00:38:56,200 don't have to describe it. If any of you trade futures, 744 00:38:57,240 --> 00:39:00,400 you're always aware of your liquidation price and think 745 00:39:00,400 --> 00:39:03,880 about the size that's going through hyper liquid and the 746 00:39:03,880 --> 00:39:07,640 size of, of collateral that you can deal with that. 747 00:39:08,440 --> 00:39:11,120 And I would say that it's, it's started to get a little bit 748 00:39:11,120 --> 00:39:14,400 like, I like hyper liquid. I have money on the estate. 749 00:39:14,400 --> 00:39:18,640 But the fact that it can get taken down by, by Jelly Jelly or 750 00:39:18,640 --> 00:39:22,440 could have been points to the idea that like one thing could, 751 00:39:22,920 --> 00:39:26,720 could wipe out like 50% of their, of their, of their 752 00:39:26,720 --> 00:39:30,360 treasury here. And the only way to save that 753 00:39:30,360 --> 00:39:33,360 would be then to dump hype, which they've been buying. 754 00:39:33,920 --> 00:39:41,880 And that's been the pitch. OK, OK, we'll see. 755 00:39:41,880 --> 00:39:46,080 I mean yesterday CZ was like retweeting shit like do you guys 756 00:39:46,080 --> 00:39:48,840 see like also like is it his girlfriend, his wife that runs 757 00:39:48,840 --> 00:39:51,680 it? It's like comments like OK, got 758 00:39:51,680 --> 00:39:53,280 it Like someone's like, hey Binance, you could do the 759 00:39:53,280 --> 00:39:54,920 funniest thing to Jelly Jelly, whatever. 760 00:39:54,920 --> 00:39:57,640 And then she's like OK, got it. But like CZ was because me too. 761 00:39:57,640 --> 00:40:00,840 At first I was like, wait, are OK X and Binance come in to help 762 00:40:00,840 --> 00:40:03,880 out and bail him out and no, turns out they I think they were 763 00:40:03,880 --> 00:40:06,320 trying to like, you know, to the opposite, but. 764 00:40:06,960 --> 00:40:10,000 And then a lot of other founders came out again, so you can tell 765 00:40:10,000 --> 00:40:15,520 they're genuinely like kind of scared of that hyperliquid mind 766 00:40:15,520 --> 00:40:18,240 share in a way. I guess that's bullish for 767 00:40:18,240 --> 00:40:22,240 hyperliquid well. That's one interpretation. 768 00:40:22,320 --> 00:40:25,040 So this is this episode is not closed. 769 00:40:25,640 --> 00:40:28,880 I think that's the we, we need to see their response and then 770 00:40:31,120 --> 00:40:33,280 let this have some time to settle a little bit. 771 00:40:33,560 --> 00:40:36,040 I know we're going to go to our, I quickly want to talk about 772 00:40:36,040 --> 00:40:37,640 this Walrus news. We've been talking about Walrus 773 00:40:37,640 --> 00:40:38,880 on this show for the last few months. 774 00:40:39,680 --> 00:40:44,400 Now you all know why their main in their Walrus token opened at 775 00:40:44,720 --> 00:40:49,640 $650 million market cap, $2.6 billion FTV this morning. 776 00:40:51,000 --> 00:40:54,200 So again, that token, it's included in their decentralized 777 00:40:54,200 --> 00:40:56,960 storage ecosystem, payments for storage staking, for security 778 00:40:56,960 --> 00:40:58,440 governance. They're also going to have a 779 00:40:58,440 --> 00:41:02,520 deflationary burning mechanism. They announced the launch 780 00:41:02,520 --> 00:41:05,200 partner the Clano stores are coming over to to help them 781 00:41:05,200 --> 00:41:07,200 launch a a notable NMT project from Salaam. 782 00:41:07,200 --> 00:41:11,360 Oh man, huge day for Sway. Huge day for Walrus, I think. 783 00:41:11,400 --> 00:41:14,480 This, but Clano is moving. My expectations were high. 784 00:41:14,560 --> 00:41:17,720 This this beat my expectations for where this was going to come 785 00:41:17,720 --> 00:41:19,400 out. No, me too. 786 00:41:19,520 --> 00:41:22,360 I mean, I've said before, I mean they've come on our show as show 787 00:41:22,360 --> 00:41:23,920 partners and they're partners on the decrypt side. 788 00:41:23,920 --> 00:41:26,160 So not on less on the rock side, but more decrypt because we're 789 00:41:26,160 --> 00:41:28,680 storing our data and like the article stuff, as I've explained 790 00:41:28,680 --> 00:41:32,480 there and they're a good partner and they have a lot of big. 791 00:41:32,720 --> 00:41:33,840 I mean, it's missing labs, right? 792 00:41:33,840 --> 00:41:36,400 So it's not like nobody's launching this thing. 793 00:41:36,400 --> 00:41:39,200 It's like actually like really big team and for respected in 794 00:41:39,200 --> 00:41:40,920 the industry, I say Sui looks good. 795 00:41:40,920 --> 00:41:43,280 I mean, Sui also caught a good bit on the back of that, right? 796 00:41:44,560 --> 00:41:46,800 So it's good to see whether the market's bouncing nicely, guys. 797 00:41:46,920 --> 00:41:51,800 I like it. 187 No 139 turn around Thursday, baby. 798 00:41:51,800 --> 00:41:54,960 By the way, the codes for Robit today, GameStop, GameStop is the 799 00:41:54,960 --> 00:41:57,720 code. So if you go to raffle bot dot 800 00:41:57,720 --> 00:42:01,920 XYZ, raffle bot dot XYZ that that all the details are on 801 00:42:01,920 --> 00:42:04,360 screen. The code is GameStop you can 802 00:42:04,360 --> 00:42:07,520 have today I put 10% chance to win a Penguin, still put the 803 00:42:07,520 --> 00:42:08,800 punk too. So we're being generous. 804 00:42:09,120 --> 00:42:11,480 So come and try and win. And then there was one more last 805 00:42:11,480 --> 00:42:12,880 thing. Do we want to push the Poly 806 00:42:12,880 --> 00:42:14,880 market converter tomorrow, Tyler, just because it's kind of 807 00:42:14,880 --> 00:42:17,160 a big topic? Yeah, we need more time. 808 00:42:17,160 --> 00:42:19,000 We need more time for that. We need more time for Ghibli 809 00:42:19,560 --> 00:42:20,600 and. Yeah, let's do that. 810 00:42:20,960 --> 00:42:22,960 ChatGPT 04. That I actually have a call with 811 00:42:22,960 --> 00:42:29,360 Uma tomorrow after the show. Let's talk about the Poly market 812 00:42:29,360 --> 00:42:31,320 news tomorrow because actually big it's, it's relevant. 813 00:42:31,840 --> 00:42:33,960 I'm sure a lot of people want to know also how we would react to 814 00:42:33,960 --> 00:42:35,360 that. So it's important. 815 00:42:35,360 --> 00:42:36,880 And then also the jibly stuff is fun. 816 00:42:36,880 --> 00:42:38,800 I have to say though, I really like it. 817 00:42:38,840 --> 00:42:40,840 I want to go deeper into that. I think it's fun. 818 00:42:41,880 --> 00:42:45,080 I was called out yesterday by the time I was called poor. 819 00:42:45,440 --> 00:42:47,360 We're not paying for open AI Chad GP. 820 00:42:47,440 --> 00:42:49,320 You guys pay $25.00 a month for it? 821 00:42:49,400 --> 00:42:51,440 Yes, we do. It's it's a it's a Starbucks 822 00:42:51,440 --> 00:42:53,760 bill. And I spend more than that on 823 00:42:53,760 --> 00:42:55,560 coffee every. Week it's not a Starbucks bill. 824 00:42:55,560 --> 00:42:57,400 Have you seen bongos meal for 40 bucks? 825 00:42:59,120 --> 00:43:03,360 I think O four image generation is the biggest zero to 1 moment 826 00:43:03,360 --> 00:43:05,480 since Chad since ChatGPT launched. 827 00:43:07,000 --> 00:43:09,960 Mando's like a ChatGPT maximalist like that 828 00:43:09,960 --> 00:43:12,280 motherfucker like uses it like not. 829 00:43:13,240 --> 00:43:15,920 Of course it's amazing. Yeah, so there's Vanessa. 830 00:43:16,280 --> 00:43:20,880 Vanessa uses it for like recipes, calorie counting, all 831 00:43:20,880 --> 00:43:24,600 sorts of shit, health, Wellness. Like she's like always talking 832 00:43:24,600 --> 00:43:27,720 to ChatGPT like you're all day like asking questions to the 833 00:43:27,720 --> 00:43:29,560 thing. She's fully replaced Google. 834 00:43:30,080 --> 00:43:32,560 I need to get to that. I just started like last two 835 00:43:32,560 --> 00:43:33,840 weeks ago. I wanted to do like a average, 836 00:43:33,960 --> 00:43:36,640 my average Sonic buys because I bought so many different levels. 837 00:43:36,640 --> 00:43:38,760 So I threw it on to ChatGPT and I got my average. 838 00:43:39,040 --> 00:43:41,000 I was like forget. So that was good. 839 00:43:41,000 --> 00:43:43,800 I was like, if I bought X amount at that price, X amount of this 840 00:43:43,800 --> 00:43:45,080 price and why am I on this price? 841 00:43:45,080 --> 00:43:47,560 How much is my average? And I was like, fuck yeah, but 842 00:43:47,920 --> 00:43:50,240 but yeah, OK. Well, I like the Ghibbly stuff. 843 00:43:50,320 --> 00:43:53,400 Ghibbly Ghibbly Tyler messed me up. 844 00:43:53,440 --> 00:43:58,440 So anyways, yeah, I I post on my little Instagram like a picture 845 00:43:58,440 --> 00:44:01,280 of me and my family from from Persian New year in in ghibbly 846 00:44:01,280 --> 00:44:02,480 style. I thought it was super cute. 847 00:44:02,600 --> 00:44:04,160 I love the colors. It's a good vibe. 848 00:44:04,560 --> 00:44:06,280 I also got my office ghibbly fied. 849 00:44:06,800 --> 00:44:08,360 I'll show you guys. I'll post it after. 850 00:44:08,480 --> 00:44:12,040 Anyways, shall we get to our today's show partner, Jose 851 00:44:12,040 --> 00:44:14,680 Pereira? Jose, Are you ready as your 852 00:44:14,680 --> 00:44:16,320 cameras up there he is. There he is. 853 00:44:16,320 --> 00:44:17,640 There he is. Jose. 854 00:44:17,640 --> 00:44:18,600 Jose, what up? What up? 855 00:44:18,600 --> 00:44:19,720 Good morning. How you doing today? 856 00:44:20,440 --> 00:44:21,840 Thank you much. Good morning to all. 857 00:44:21,840 --> 00:44:23,840 How are you? We're good. 858 00:44:23,840 --> 00:44:24,680 We're here. Great. 859 00:44:24,840 --> 00:44:26,120 Thank you. Thank you for being here. 860 00:44:26,120 --> 00:44:27,360 Thank you for being a show partner. 861 00:44:27,360 --> 00:44:28,880 Jose, where are you? Where are you calling in from? 862 00:44:29,560 --> 00:44:32,480 Dubai. Dubai, we'll be there. 863 00:44:33,240 --> 00:44:34,560 Hi, baby. Hi, baby. 864 00:44:35,040 --> 00:44:37,920 We'll be there. We'll be there in exactly, 865 00:44:38,280 --> 00:44:41,120 actually exactly a month from now, I land in Dubai for a token 866 00:44:41,120 --> 00:44:43,000 2049. It's going to be fun. 867 00:44:43,000 --> 00:44:44,080 It's amazing. Yeah. 868 00:44:44,360 --> 00:44:45,960 We're throwing a banger of an event. 869 00:44:45,960 --> 00:44:47,880 I hope you're going to come. We'll send you an invite for the 870 00:44:47,880 --> 00:44:48,760 show. She got to be there. 871 00:44:48,760 --> 00:44:51,680 It's going to be fun, I think. I think always going to be there 872 00:44:51,680 --> 00:44:52,960 too, man, though for the wrecked side. 873 00:44:52,960 --> 00:44:55,800 So that'll that'll be good. Anyways, Jose, we're not here to 874 00:44:55,800 --> 00:44:57,360 talk about Dubai in order to talk about us. 875 00:44:57,360 --> 00:44:59,680 We're here to talk about you and own and what you guys are doing 876 00:44:59,680 --> 00:45:04,560 RW as are hot, hot, hot, hot. It's the number one thing Tri Fi 877 00:45:04,560 --> 00:45:08,080 is interested in for the last report, the number one thing Tri 878 00:45:08,080 --> 00:45:11,600 Fi is interested in real world assets, which is really cool. 879 00:45:11,600 --> 00:45:13,720 So why don't you give us the introduction of yourself and 880 00:45:13,720 --> 00:45:16,960 what you guys do over at OWN? Yeah, no, Thank you very much. 881 00:45:17,400 --> 00:45:19,800 My name is Jose Peda, Director at at OWN. 882 00:45:20,160 --> 00:45:23,200 And what we're doing is basically solving an access 883 00:45:23,200 --> 00:45:25,840 problem that a lot of markets have to high quality assets. 884 00:45:26,560 --> 00:45:28,440 We've started with an exchange called Facets. 885 00:45:28,440 --> 00:45:29,760 We're regulated across 9 markets. 886 00:45:29,760 --> 00:45:33,920 We have 220,000 users that are already buying tokenized assets, 887 00:45:35,520 --> 00:45:38,080 NVIDIA stocks, Apple, S&P 500 bonds. 888 00:45:38,840 --> 00:45:41,240 And the reason is because in the markets where we have started 889 00:45:41,240 --> 00:45:44,800 growing our user base, they solve a fundamental problem 890 00:45:44,840 --> 00:45:47,360 because in markets like Pakistan, Indonesia, for 891 00:45:47,360 --> 00:45:50,000 example, you cannot just open an account in Robin Hood. 892 00:45:50,680 --> 00:45:54,640 So the benefit that we have here is, is, like I said, it's more 893 00:45:54,640 --> 00:45:56,960 impactful than a convenience benefit that you have in more 894 00:45:56,960 --> 00:45:59,200 developed markets. I think that in developed 895 00:45:59,200 --> 00:46:01,080 markets, there's a different thesis for other days. 896 00:46:01,560 --> 00:46:05,440 The B2B proposition is completely different, but what 897 00:46:05,440 --> 00:46:08,080 we're doing is that we are leveraging the distribution 898 00:46:08,080 --> 00:46:09,920 power that we've built over the years of the portfolio of 899 00:46:09,920 --> 00:46:13,760 licenses to combine it with an infrastructure that's open for 900 00:46:13,760 --> 00:46:16,880 developers to to build permissioniency and the vision 901 00:46:16,880 --> 00:46:19,800 is to become the go to chain for real world assets. 902 00:46:21,320 --> 00:46:23,600 Wow, OK, this is really cool. And so you guys are in L2, 903 00:46:23,600 --> 00:46:25,720 right? And, and there's obviously a lot 904 00:46:25,720 --> 00:46:30,200 of L twos right now, Jose, we talk about that a lot on the 905 00:46:30,200 --> 00:46:32,720 show actually. And so why don't you tell us 906 00:46:32,720 --> 00:46:34,400 like, you know, obviously there's many L twos launching 907 00:46:34,400 --> 00:46:36,160 every month, a lot, a lot of L twos. 908 00:46:37,000 --> 00:46:41,640 What's the reason for the RWA focus behind yours? 909 00:46:43,280 --> 00:46:47,520 It's the concentration of the RWA ecosystem. 910 00:46:47,520 --> 00:46:50,720 So like I said, we have an starting user base of people 911 00:46:50,720 --> 00:46:54,320 that are already interested in buying and that is our funnel to 912 00:46:54,320 --> 00:46:56,080 D5. So they started by the 1st 913 00:46:56,080 --> 00:46:58,640 stocks, we sent them to D5 where they can have more advanced 914 00:46:58,920 --> 00:47:01,360 yields, more advanced products. So you have all of the benefits 915 00:47:01,400 --> 00:47:04,640 of composability. Our Chinese built in partnership 916 00:47:04,640 --> 00:47:09,560 with with Arbitrary and Gelato. And what we want to do is 917 00:47:09,560 --> 00:47:13,880 basically unify the whole user journey from your local currency 918 00:47:13,880 --> 00:47:16,320 called your Indonesian rupiah all the way to your most 919 00:47:16,320 --> 00:47:21,000 advanced, I'd say the D5 product, having everything into 920 00:47:21,120 --> 00:47:25,960 into one seamless user journey. OK, OK. 921 00:47:25,960 --> 00:47:26,720 Interesting. This is good. 922 00:47:26,720 --> 00:47:29,840 When did you guys launch this? We haven't launched yet. 923 00:47:29,840 --> 00:47:33,680 So we're going to have our test set up in three weeks and then 924 00:47:33,680 --> 00:47:37,800 that's when we're going to have an onboarding for developers to 925 00:47:37,800 --> 00:47:41,240 to come and start integrating. But we plan to launch our our 926 00:47:41,240 --> 00:47:43,680 main net after summer. OK. 927 00:47:43,680 --> 00:47:45,680 And you guys work with Arbitrum? Nice. 928 00:47:45,840 --> 00:47:48,200 Yes. So you're like an orbit chain? 929 00:47:49,240 --> 00:47:51,360 Yes, exactly. Arbitrum, Arbitrum Orbit. 930 00:47:51,920 --> 00:47:54,800 So right now we're settling trades on, on Arbitrum. 931 00:47:55,160 --> 00:47:57,960 All of the, the trading volume that we're already having in 932 00:47:57,960 --> 00:48:00,240 facets is going to migrate. All of those assets are going to 933 00:48:00,240 --> 00:48:04,200 migrate to to our own chain. So that's one of the reasons why 934 00:48:04,200 --> 00:48:06,840 we're launching our our own because we have that starting 935 00:48:06,840 --> 00:48:10,240 volume, starting user base that we can leverage from day one. 936 00:48:10,480 --> 00:48:12,960 Love I I totally get it. Chat to Arbitrum good people out 937 00:48:12,960 --> 00:48:15,200 there. So obviously RW as I was saying 938 00:48:15,200 --> 00:48:17,240 earlier, because I just read a report from paradigm that the 939 00:48:17,360 --> 00:48:20,720 like the biggest sector that ratifies most the number one. 940 00:48:21,720 --> 00:48:25,200 So why do you feel that OWN is in the best position to make RW 941 00:48:25,240 --> 00:48:27,000 as on Chain of Reality? Why you guys? 942 00:48:27,960 --> 00:48:30,120 Yeah. So that's where you see that we 943 00:48:30,120 --> 00:48:36,200 see incomplete solutions across the the spectrum and you that 944 00:48:36,200 --> 00:48:37,600 means that you have industry trade-offs. 945 00:48:37,720 --> 00:48:40,680 You have some that specialize in one thing could be the 946 00:48:40,680 --> 00:48:43,480 regulatory, others are going to be open, but you cannot have all 947 00:48:43,480 --> 00:48:45,400 of these in one. What we're doing with the 948 00:48:45,400 --> 00:48:48,280 integration of own and fasted is trying to provide the complete 949 00:48:48,280 --> 00:48:51,680 solution, which we think is actually the the, the real 950 00:48:51,680 --> 00:48:55,080 solution. So if you look on the left, you 951 00:48:55,080 --> 00:48:58,200 have ones where you need to sort out all of your licenses as a as 952 00:48:58,200 --> 00:49:04,920 a builder, whereas and, and it's it's difficult to have the 953 00:49:04,920 --> 00:49:07,600 openness and the regulatory. So you have other players like 954 00:49:07,600 --> 00:49:11,320 for example security Plume and have high specialized tech, but 955 00:49:11,360 --> 00:49:14,520 their licenses are more focused on certain jurisdictions. 956 00:49:14,520 --> 00:49:18,120 What we want to do is, is have the broadest access tech, the 957 00:49:18,120 --> 00:49:22,480 distribution with facet, yeah, and the accumulation of of 958 00:49:22,480 --> 00:49:25,320 builders. OK, I see. 959 00:49:25,320 --> 00:49:28,920 So how can people like anyone here listening to you today get 960 00:49:28,920 --> 00:49:31,040 involved with own like because obviously you said you haven't 961 00:49:31,040 --> 00:49:33,200 launched yet. So when something has launched, 962 00:49:33,320 --> 00:49:35,640 you see the opportunity for players to come in and do 963 00:49:35,640 --> 00:49:38,600 something, you know? Yeah, No, we're looking for a 964 00:49:38,600 --> 00:49:40,120 new one that is aligned with a vision. 965 00:49:40,160 --> 00:49:43,320 If it's a builder that wants a regulated path to distribution, 966 00:49:43,320 --> 00:49:47,640 we can facilitate that. Our infrastructure is open to 967 00:49:47,640 --> 00:49:49,960 all the builders and on a case by case basis, we can leverage 968 00:49:49,960 --> 00:49:53,000 our portfolio of licenses through integration with Facet. 969 00:49:53,680 --> 00:49:57,200 So I think our main, our main priority right now is, is 970 00:49:57,200 --> 00:50:00,400 connecting with all the deaths and builders in the community 971 00:50:00,480 --> 00:50:06,000 building something in our degree and any, any community members 972 00:50:06,240 --> 00:50:10,040 that would want to be part of our our token launch eventually 973 00:50:10,520 --> 00:50:13,200 that would also be the people that we would love to connect 974 00:50:13,200 --> 00:50:15,360 with. OK, so you're here to hear 975 00:50:15,360 --> 00:50:16,840 first. There's also points on there. 976 00:50:16,840 --> 00:50:19,440 We love points. We love points over here. 977 00:50:19,440 --> 00:50:21,440 So there's definitely a place to farm and stuff. 978 00:50:21,440 --> 00:50:23,440 Last question for you, I guess. So just like what, what excites 979 00:50:23,440 --> 00:50:24,560 you the most about being in all this? 980 00:50:24,560 --> 00:50:25,720 Like what? What do you, what do you see the 981 00:50:25,720 --> 00:50:28,960 future for you guys? Well, Sir, can you repeat that 982 00:50:28,960 --> 00:50:30,400 please? What excites you the most about 983 00:50:30,400 --> 00:50:32,000 what you guys are doing? Like what excites you the most 984 00:50:32,000 --> 00:50:37,160 about what you got coming up? Well, we're seeing our numbers 985 00:50:37,160 --> 00:50:39,920 grow on a, on a monthly base, monthly base. 986 00:50:39,920 --> 00:50:42,480 So we're just excited about seeing real adoption, real 987 00:50:42,480 --> 00:50:44,400 assets. I think like you were talking 988 00:50:44,400 --> 00:50:47,280 before, there's a change of sentiments in the markets 989 00:50:47,280 --> 00:50:51,600 because there was a burnout from all the speculation like the 990 00:50:52,040 --> 00:50:56,120 normal market bubbles that we see in crypto, the assets that 991 00:50:56,120 --> 00:50:58,720 were not back, the things that happened with main coins that I 992 00:50:58,720 --> 00:51:04,080 think that people are waking up to investing in something that 993 00:51:04,080 --> 00:51:06,280 is backed by assets that are actually productive. 994 00:51:07,240 --> 00:51:11,400 So what excites me the most is that we are, we've been building 995 00:51:11,400 --> 00:51:12,880 this for, for the last five years as facets. 996 00:51:12,880 --> 00:51:15,680 So to have the narrative actually catching up on the 997 00:51:15,680 --> 00:51:19,200 value proposition that we bring by by connecting these assets to 998 00:51:19,200 --> 00:51:21,040 blockchain is is what excites me the most. 999 00:51:21,560 --> 00:51:24,520 OK, I love that. Yeah, but we love RW as Tyler's 1000 00:51:24,520 --> 00:51:29,560 always reporting on how much money's on there and everything. 1001 00:51:29,560 --> 00:51:32,640 So definitely a lot of stuff to to to get a lot of alpha. 1002 00:51:32,640 --> 00:51:36,200 So check them out. It's I own that XYZ nice domain 1003 00:51:36,200 --> 00:51:37,560 as well. I own that XYZ. 1004 00:51:37,560 --> 00:51:43,240 You can follow them on own under score XYZ, own under score XYZ 1005 00:51:43,240 --> 00:51:44,960 and I own XYZ and get involved, y'all? 1006 00:51:44,960 --> 00:51:47,840 I mean this another opportunity to farm something, something 1007 00:51:47,840 --> 00:51:49,480 that's about to launch. Looks like there's a lot of 1008 00:51:49,480 --> 00:51:52,760 launches coming up this year, so this is another good one. 1009 00:51:52,760 --> 00:51:54,600 I see you can even go win a gold chain. 1010 00:51:54,600 --> 00:51:56,840 Love that. So there's a lot of different 1011 00:51:56,840 --> 00:51:58,400 opportunities here to get involved. 1012 00:51:58,400 --> 00:52:00,160 Jose, thank you so much for partnering with us today and 1013 00:52:00,160 --> 00:52:01,520 thank you for coming here and best of luck. 1014 00:52:02,480 --> 00:52:04,720 Thank you so much all. Right brother, have a good one. 1015 00:52:05,680 --> 00:52:10,560 All right all right, all right so are we ready to win? 1016 00:52:11,080 --> 00:52:13,000 Are we ready? Wow, this market is back. 1017 00:52:13,040 --> 00:52:15,240 I I love this. I like this market, boys like 1018 00:52:15,760 --> 00:52:19,200 I've been, I would say I'm back in like pretty bigly and so I 1019 00:52:19,200 --> 00:52:22,400 look a little more and like every time like we've been 1020 00:52:22,400 --> 00:52:24,320 defending certain levels pretty well. 1021 00:52:24,320 --> 00:52:26,960 Boys like even Bitcoin stole everything. 1022 00:52:26,960 --> 00:52:29,000 I like that. Give me that give. 1023 00:52:29,920 --> 00:52:34,080 Me that 89 K by Friday 0. Shit, the Myriad line I forgot, 1024 00:52:34,160 --> 00:52:37,040 but let's check out Myriad for a second before we get to these 1025 00:52:37,160 --> 00:52:39,920 things. So shout out to the poker 1026 00:52:39,920 --> 00:52:41,120 tournament that happened yesterday. 1027 00:52:41,240 --> 00:52:47,080 So Mando by the way, by the way, keyboard monkey did win the 1028 00:52:47,080 --> 00:52:50,080 market just to tell you. But hold on, hold on before you 1029 00:52:50,080 --> 00:52:53,720 laugh on some won the most. So he came first, KBM second and 1030 00:52:53,720 --> 00:52:55,840 your boy 3rd. So I know you were laughing and 1031 00:52:55,840 --> 00:52:57,120 saying oh did you even play poker? 1032 00:52:57,560 --> 00:53:00,040 Mother fucker? I came third and I make money. 1033 00:53:00,040 --> 00:53:01,880 Nice little $3000 paid it for your boy. 1034 00:53:02,840 --> 00:53:07,000 So that was not bad. It was like 2530 K at hand at 1035 00:53:07,000 --> 00:53:08,640 most. So KBM beat me for hand one. 1036 00:53:08,640 --> 00:53:10,200 This is where you won first hand. 1037 00:53:10,200 --> 00:53:12,080 We get in first hand of the game. 1038 00:53:12,880 --> 00:53:18,000 I'm nearly all in half my stack. I get a king high flush and he 1039 00:53:18,000 --> 00:53:22,920 still manages to beat that with a king over 7's full house. 1040 00:53:23,640 --> 00:53:26,200 Pretty wild, right? That was like, that was the 1041 00:53:26,200 --> 00:53:28,400 hand. I thought that was crazy. 1042 00:53:28,800 --> 00:53:29,840 Yeah. Comeback of the year. 1043 00:53:29,840 --> 00:53:31,560 I know, right? I had 100K tokens left. 1044 00:53:31,560 --> 00:53:33,960 I left with 700,000. That was pretty big. 1045 00:53:34,320 --> 00:53:36,960 I think Jintao lost at 1.2 million Pengu, but we're going 1046 00:53:36,960 --> 00:53:38,720 to run these back a lot. You guys should play nice. 1047 00:53:38,720 --> 00:53:41,240 You guys play poker? A little bit of poker, not, not 1048 00:53:41,240 --> 00:53:44,240 for a while, whatever. It's very popular in my in my 1049 00:53:44,240 --> 00:53:45,960 track five days. Yeah, of course. 1050 00:53:46,800 --> 00:53:51,320 Ty, you play a little poker. I'm a I'm a fish. 1051 00:53:51,840 --> 00:53:54,560 I get run over by the guys. I'm a fish too, though, and 1052 00:53:54,560 --> 00:53:55,800 there's a lot of sharks at the table. 1053 00:53:55,800 --> 00:53:58,960 I just play, you know, I just put your balls on a table, you 1054 00:53:58,960 --> 00:54:00,400 know? I mean, the code is GameStop. 1055 00:54:00,400 --> 00:54:02,080 So let me go through these myriad markets for a second. 1056 00:54:02,080 --> 00:54:05,200 So give people another minute to put the code raffle ball dot 1057 00:54:05,200 --> 00:54:06,680 XYZ. The code is GameStop. 1058 00:54:06,680 --> 00:54:09,600 So, boys, this mark is very interesting. 1059 00:54:10,200 --> 00:54:14,360 It's got $55,000 worth of volume, I'm not going to lie. 1060 00:54:14,520 --> 00:54:20,880 The yes at 13 percent. 8 to one, Yeah, I mean 8 to one, we hit 1061 00:54:20,880 --> 00:54:25,160 89. Mando I don't know about that 1062 00:54:25,160 --> 00:54:30,040 but I only 13% of people have Bitcoin price above 89,000. 1063 00:54:30,080 --> 00:54:33,080 Priced that is missed. Oh by tomorrow. 1064 00:54:33,280 --> 00:54:36,280 Where is it now? 87 two bro. 1065 00:54:36,680 --> 00:54:40,240 Yeah, that's mispriced 2%, 2% moving Bitcoin. 1066 00:54:40,240 --> 00:54:40,960 Is it? Is it, is it? 1067 00:54:41,480 --> 00:54:43,320 Yeah. Is that 13%? 1068 00:54:43,440 --> 00:54:44,600 Yes. For sure. 1069 00:54:44,760 --> 00:54:47,240 Also like you have to remember there are a lot of options. 1070 00:54:47,360 --> 00:54:51,080 This is a really good day to do this by the way, because this is 1071 00:54:51,080 --> 00:54:55,680 1/4 end, 1/4 end means that like a lot of options expire. 1072 00:54:55,680 --> 00:54:57,880 So you get like, and it's a Friday, right? 1073 00:54:58,120 --> 00:55:00,000 So you're going to get like billion. 1074 00:55:00,000 --> 00:55:01,680 I don't know what the figure will be, but I reckon you're, 1075 00:55:01,760 --> 00:55:03,640 you're talking, you know, and you always like, is this a big 1076 00:55:03,640 --> 00:55:05,200 deal? It'll be a big deal tomorrow. 1077 00:55:05,200 --> 00:55:07,960 There'll be, there'll be billions of options that expire. 1078 00:55:07,960 --> 00:55:11,720 I think tomorrow some may have expired on the 20th but the 1079 00:55:11,720 --> 00:55:15,200 majority will will expire tomorrow. 1080 00:55:16,640 --> 00:55:17,960 Damn you're. Going to double down. 1081 00:55:18,680 --> 00:55:20,960 So that's not, that's not, yeah, I don't think that probably 1082 00:55:21,000 --> 00:55:23,840 takes into account that level of volatility because I imagine a 1083 00:55:23,840 --> 00:55:25,600 lot of them are probably set around 90K. 1084 00:55:27,200 --> 00:55:32,040 Yeah, I don't know man all. Right. 1085 00:55:32,680 --> 00:55:37,240 I I, if I was putting money on this market, so I I can't really 1086 00:55:37,240 --> 00:55:40,800 at the moment like actually do it if I were to do this. 1087 00:55:40,960 --> 00:55:43,120 I mean, you guys know me. I also like to gamble a little 1088 00:55:43,480 --> 00:55:49,680 bit but but 89 K I know that. Now for OK. 1089 00:55:50,840 --> 00:55:53,280 What? But you like to gamble a little. 1090 00:55:54,320 --> 00:55:55,760 Bit yeah, you like that? I'm like top five in the year 1091 00:55:55,760 --> 00:55:58,080 Leaderboard. I can't post. 1092 00:55:59,040 --> 00:56:01,680 There you go. Try boosting. 1093 00:56:01,680 --> 00:56:03,120 No, fucking I'm like boosting my post. 1094 00:56:03,120 --> 00:56:05,320 I don't need to boost my post. Everybody go retweet my shit. 1095 00:56:06,360 --> 00:56:09,640 But we're nearing $1,000,000 of volume at Marriott, so we could, 1096 00:56:10,080 --> 00:56:12,520 you know, use everybody's help. That's why, yeah, I do love to 1097 00:56:12,520 --> 00:56:13,960 gamble, man, though. I'm cooking though. 1098 00:56:13,960 --> 00:56:16,080 Like literally like I'm fucking you. 1099 00:56:16,120 --> 00:56:20,480 Actually have a pretty, yeah, you have a pretty diligent 1100 00:56:20,480 --> 00:56:22,280 strategy. You've you've gone more 1101 00:56:22,280 --> 00:56:25,080 defensive in in your trading strategy. 1102 00:56:25,640 --> 00:56:28,120 And then when you get that flutter, you just kind of go on 1103 00:56:28,120 --> 00:56:30,240 and do a little flutter. I think that's probably good for 1104 00:56:30,240 --> 00:56:31,400 you. I think that's probably good for 1105 00:56:31,400 --> 00:56:33,880 a long a lot of people. It's helped my edge a lot. 1106 00:56:33,880 --> 00:56:35,320 Like I do play a lot of blackjack lately. 1107 00:56:35,320 --> 00:56:36,680 I'm not even going to lie. Like I played a lot of this 1108 00:56:36,680 --> 00:56:38,240 morning, I played last night, I played. 1109 00:56:38,240 --> 00:56:40,880 I play a little bit every day, but if I lose, I lose. 1110 00:56:40,880 --> 00:56:42,720 I have a daily budget and if I win, I win. 1111 00:56:42,720 --> 00:56:45,400 But I cash it all the time and it's taking me away from the 1112 00:56:45,400 --> 00:56:49,120 trenches, which is amazing. And I just let my spot right? 1113 00:56:49,120 --> 00:56:51,680 So I'm all spot in. I'm all I'm spot on it, right? 1114 00:56:52,440 --> 00:56:54,320 You like actually spend. You put it straight to the 1115 00:56:54,320 --> 00:56:57,720 spending. So since in Canada gambling is 1116 00:56:57,720 --> 00:57:01,400 non taxable exactly right, every dollar is a whole dollar. 1117 00:57:02,240 --> 00:57:04,200 So I put it directly my crypto credit card. 1118 00:57:04,200 --> 00:57:06,760 So I can't even I don't even cash it out so it goes directly 1119 00:57:06,760 --> 00:57:10,280 my crypto credit card or I can give money to my mom type shit. 1120 00:57:10,280 --> 00:57:12,880 You know what I mean? Like stuff like that and. 1121 00:57:12,880 --> 00:57:15,080 You tell the Canadian tax authorities, then you leave, you 1122 00:57:15,080 --> 00:57:16,680 know. Yeah, that's it. 1123 00:57:16,720 --> 00:57:18,560 And it's real. I mean, you know, I get I get 1124 00:57:18,560 --> 00:57:21,440 my, you know, Yeet and Robin or whoever can get me a little 1125 00:57:21,440 --> 00:57:23,520 statement of my winnings. You, you, you prove it. 1126 00:57:23,520 --> 00:57:27,480 It's it's real gains at casino. So you know, so it's. 1127 00:57:27,480 --> 00:57:29,160 Really. Gambling in Portugal is also not 1128 00:57:29,160 --> 00:57:31,000 taxable. Incredible. 1129 00:57:31,000 --> 00:57:33,880 That's amazing. I, you know, listen. 1130 00:57:34,040 --> 00:57:35,640 Unless you are a professional gambler. 1131 00:57:36,600 --> 00:57:38,200 Same here, unless you're professional. 1132 00:57:38,240 --> 00:57:40,960 I'm not a professional, I'm a professional media company 1133 00:57:40,960 --> 00:57:44,760 founder and I gamble and I gamble on the side. 1134 00:57:45,000 --> 00:57:51,720 You know what I say? Anyways, checking up also the 1135 00:57:51,720 --> 00:57:56,320 Tyler, we have the fear and grade index over under 45 March 1136 00:57:56,320 --> 00:57:59,000 29th. Where is it at right now? 1137 00:57:59,000 --> 00:58:01,200 It's at 40. Oh, it's going to be over today. 1138 00:58:01,840 --> 00:58:04,320 Look at this chart, boys. Look at this chart on the fear 1139 00:58:04,320 --> 00:58:05,640 and grade. What do you got, Tyler? 1140 00:58:06,200 --> 00:58:08,320 I don't know. I feel like people are afraid 1141 00:58:08,760 --> 00:58:11,760 right now. I think I'm on the, I think I 1142 00:58:11,760 --> 00:58:18,000 would be on well at 65%. The the lines are kind of 1143 00:58:18,000 --> 00:58:20,280 correlated to a degree. Oh, so we have more time on this 1144 00:58:20,280 --> 00:58:21,680 one? Yeah, one more day. 1145 00:58:21,920 --> 00:58:25,800 It's 89 K We'll probably go back to 45, but. 1146 00:58:25,800 --> 00:58:27,680 Then. We can sweat. 1147 00:58:28,240 --> 00:58:31,920 Yeah, it really reeks of bits on our timeline. 1148 00:58:32,720 --> 00:58:34,800 We're in this weird phase where people are not scared to go risk 1149 00:58:34,800 --> 00:58:36,440 on risk. Go fucking risk on and wait. 1150 00:58:37,040 --> 00:58:38,360 Well, this is down if you're spot. 1151 00:58:38,800 --> 00:58:44,000 Every major bank just revised down their the S&P 500 price 1152 00:58:44,000 --> 00:58:47,480 targets for the year. That kind of spooked some folks.