What up, what up? Good morning, good morning GMG
Friday, July 19th, 4024 Look. At that.
Another beautiful day to have a beautiful day.
I got my coast in the house. We I've swamped coast a lot this
week. Monday I started the week off
with with Ovie and Mando was like an OG and I'm ending the
week with Tyler and Ovie. Tyler, Ovie good morning.
How you guys doing? Good man, good to be good to be
back twice in a week. Twice in a week dude, it's
funny. You know the bull market's back.
Want to come out and talk about it?
Yeah, definitely. That's how we know it's back.
It's almost like ETF's are getting ready to launch on the
23rd literally in like 2 business days, right?
Because tomorrow's the weekend anyway.
So it's almost like we're right there, right there at the start
line, not the finish line. Tyler, how you doing this
morning? Feeling great.
It's my son's 5th birthday today so he's. 10.
Of five we did presents already. We're going to the ice cream
museum have a nice nice big day and then big party tomorrow.
So it's a it's a blockbuster weekend in the in the Tyler D
household here. I love that.
So what do you, what do you do for a 5th birthday for a kid?
What are you throwing tomorrow? What are you?
What are you doing? Yeah, so we've got like 8 to 10
of his friends coming over. We've got a big like bouncy
house we're going to put up on the roof with like a, a water
slide part of it. And it's it's playing in that
it's water balloons, popsicles and ice cream for a.
Couple hours you clean the bouncing house on the roof.
Safely, yeah, we've it's strapped out.
We're only four floors up, so I'm in the mid rise.
So it's not that high. OK.
So it it'll be fine. And then what's nice about
having to you, you learn this when you get into the kid party
scene. The advantages of hosting the
party yourself versus going off site is you're a little bit more
flexible on hours. So if you're having fun, parents
are having a few drinks while the kids are playing, you can
run three or four hours versus, you know, if you go to the the
gymnasium down block 2:00 to 4:00 and you're out the door
and. Then I've heard from many
parents, I've heard from many parents that the alpha to go to
kids party is having a little drink, not too much, you know,
it's. Just common than you think, at
least in Chicago. In Chicago, I'm talking like the
the 9:00 AM kid parties have drinks so.
But the kid party scene, yeah, Brad picked up on that.
That is so funny. Well, look, parents take notes.
Parents take notes here. I mean, we're, we could start a
kid show soon on this show. I mean, I at this stage, I'm the
only one without a kit. Like even on the rug radio team,
like everybody's got kids. Sam's got a couple kids.
You know, Bernie's got. I think Bernie has a bunch of
kids. I mean, he manages 2 discords,
you know, he, you know, you got Loxy's got like three kids, you
know, everybody's got kids on my team.
You know, Jennifer's got two kids too.
Oh my God. I'm like, I'm not late.
I'm I'm 29. OK.
It's good. It's good.
Don't thank you, Ovi. Thank you very much for that.
See, Ovi just had a kid. How, how's it, How's I'm going
to check in again. Like how's, how's it being a
dad, you know, five days later. I already asked you that.
But how's the baby doing? She's doing well.
Yeah. I love it, man.
It's it's the best. It's definitely a change because
you just have to like all the all the shit that it is like,
oh, I'm going to go like go for beer now or like, I don't know,
go out for go out to a restaurant to eat dinner and all
that stuff kind of changes because, you know, so we can't,
we don't even have dinner at the same time because it's like, oh,
you watch her and I'll go eat and then we'll swap like shit
like that until she gets older. So, but yeah, I'm loving it.
I love that I love that sounds a lot of fun.
We'll get there where we get there.
But anyway, so there was a show today today.
I'm not sure where mando is, but I'm I hope he's OK.
I hope he's OK. He was meant to be here, but
it's OK. We got Ovie daily market
reports. Ovie, I'm going to give you the
market report even though you came originally correct.
So so start Googling. What happened?
Never knew what's going. On it's not like you ever knew
what was going on with the market when you would do the
market OK, you would find out at like the show's at 10:30.
Ovie would find out like 1029 what's going on.
So anyway, daily market report as usual, macro, crypt, all that
good stuff. We have a big week next week
with the ETTS going live, so it's going to be really
important. Then of course, Tyler's top 100.
I'm sure you have a a bunch of stuff to talk about.
Also, what the fuck with this crowd strike thing this morning,
Like the whole world went down right?
Which is wild. That was crazy.
And then last but not least, robot.
Today, robot, robot, robot. We have man.
So we've been talking about doodles a lot and they're two
ETH. So I added four doodles.
We have 7 mil ladies, 4 punks, five apes, sorry mutant apes and
then 1-2 like 7-8 red guys. So we have a lot of different
NFTS for play out of the 25 last robot spins, it's been 24 red
guys that have all gone back to the floor beds.
It's time see, we're keeping the we're we're keeping the volume
alive. Ovi and then but today, today
this changes today this changes. Last time we hit a big, big punk
Ovi was on with us. So this time we're hoping that
we get a big hit for two lucky witness.
But there's a catch. We're not doing Twitter pickers.
We're tired of people gaming the Twitter picker.
We want to reward people are actually listening to the show
OG listeners. You see how people react
whenever like an OG wins, right? Like Sarah not long ago, Bernie,
etcetera, like everybody gets super excited.
So I think I did on the show. I'm going to ask a question.
It could be about OB could be about Tyler grab something they
said. And if you're in the comments of
YouTube or the broadcast on X, rebroadcast on X every, you can
comment there. And I see it on my right hand
side. Anyways, I see all the X
comments. You're going to be selected to
come up. So we'll give you extra time to
get on your phone and come on the show.
So that way we know that you're attentive.
Attentive. That's a word, right?
Yeah, new word unlocked and so and so.
There you go. So anyways, anyways, anyways,
without further ado, let's get right into it.
Daily market report brought to you by Rogue Radio.
Who's if? What's the word?
Wow, what throwback. I feel, I feel all, I feel all
nostalgic with that I. Love.
That all right macro we had a bit of a a quieter maybe even a
weaker end to the week. There was a decent down move in
stocks yesterday. You know like we've we're at the
moment going through a summer where pretty much like every day
or every other day we've seen equities, NASDAQ and the S&P 500
hit new all time highs. So to have a pullback, I think
it's pretty natural. Obviously we had the tech issue
worldwide tech issues today in Microsoft systems.
So that maybe kind of spooked things a little bit this
morning. But futures this morning around
change. We had a down day yesterday.
Something I would look at, I was recommend looking at right now
in equities and looking at the Russell 2000 index.
That's a an index of 2000 of some of the more smaller and
what perceives to be riskier companies.
And that tends to be a good metric or bellwether of risk
appetite in traditional finance. So if you look at year to date
moves, NASDAQ is up about 20% year to date.
And the Russell 2000 is only up I think 11 or 12% year to date.
But there was a day this week when it was up 3 1/2 percent,
which is a big move for that. So keep an eye on that because
people have historically also compared that to crypto as well.
You know, the idea about crypto is like, OK, I've made a much
money on stocks. Where can I go next to make that
bigger return? And that will happen when like
the the music stops playing on stocks where whereas right now
you've had crazy returns on NVIDIA and all, all all this
stuff because of the AI bubble. So as soon as that stabilizes, a
lot more people will look to bigger return profiles, which
historically has been cryptic. But the Russell is a good index
of that as well. And I think it's seeing that
three 3 1/2 percent move in one day earlier this week is a is a
sign that perhaps some some of the more traditional
participants are looking further at the risk curve now.
So keep an eye on that crypto man.
We're off to the races again this afternoon.
Yeah, Bitcoin 65 1/2 Ki see on my screen right now, Solana is
very strong. Soul's up against Bitcoin and
ETH. I think Soul ETH is yeah, Soul
ETH is at the one of the highest level it's been since May.
We're at 0.048 now and that's just a massive green candle up.
So Seoul is definitely leading the charge, but things look
strong in crypto. We had, I mean, honestly, the
last two days I've been wondering why we've been selling
off. I just, yeah, I just, I couldn't
put my finger on it. And there's obviously been a lot
of speculation coming out from yesterday about Donald Trump
potentially announcing Bitcoin as a strategic reserve currency
for the US. And that would be an insanely,
insanely positive catalyst. I mean, right now, the US owns
210,000 Bitcoin, which is north of $13 billion worth of Bitcoin.
And if you look at that from like a business mind, all they
have to do is announce something positive for Bitcoin and
suddenly they're making billions of dollars in PNL, right?
And then they can either decide to sell that or they can be
like, cool, this is a strategic reserve currency now.
And by the way, we're one of the largest holders of it in the
world. Or you other countries you keep,
it's about time you start fucking catching up and then you
end up pumping your own bags. So that's how I would look at it
as like a trader, as a business person.
And I'd like to think Trump is more that way inclined than, you
know, all this other stuff, all these other reasons why the US
tends to quash it. So I think that's a very
interesting thing to watch out for.
The rumour is that he potentially announces that at
the Bitcoin conference, which he speaks out on the 27th of July.
So in my opinion, we're seeing a delayed reaction to that.
I really think for me, even if there's only a 10% chance for
that, Bitcoin should be up massively on that.
But yeah, we'll see how things go.
Right now, Major's leading, but we'll see.
It looks like it lagged, right? Like, 'cause you were texting
yesterday, like, hey, like, why is Bitcoin not moving, even if
it's just a rumor? And I was like, well, it's just
a rumor. Nothing's nothing's moves until
it's like just a rumor. But it's true that headlines
usually have moved markets in the past.
They should. There was, I mean, look, maybe
someone bought a bunch of the Germany Bitcoin and then they're
now taking profits because they made a quick few 100 mil or
whatever it is. It could be that, But just we
keep saying this. I keep saying this every time I
come on. We've just had insane amounts of
positive headlines, positive speculation and there are major,
major positive catalysts to come I think in the next six months.
They are not to be faded and I genuinely believe than this
rally we're in right now, this move higher we're seeing right
now. I think this is the move that
takes us to new all time highs on Bitcoin.
I think we're there now. I think this is the start of
phase two of the bull market. I really believe that.
Yeah, no, you're right. So this clip, I thought this was
an old clip because I mean, he's made that speech before, but was
that from yesterday? This is no, this is not from
yesterday. This is an old clip, but it's.
Because everyone is like new, but it's this is not new, right?
I look crazy cool. That was the one where he says
he wants to make it the right to self custody, a right and then
American made Bitcoin right. Yeah, it's protects you from
Elizabeth Warren and. Hakoons Yeah, yeah.
Edmar Goons Yeah, that that one, that was that was a good one.
This this latest, this latest rumor, which obviously for now
would call it rumor until it's he actually says it himself.
But if that's right, like I saw, I saw a stat, I saw a stat that
that Mando shared yesterday. There you go, Right, Tyler?
Like what do you think on that? It was US hold gold holdings are
$579 billion. This is real.
This is a big deal. Yeah, that's the opium number
right there. As soon as I saw that, my eyes
lit up. I think even like the base case,
right is if he announces it and if you're even, you're like a
bear on it being like a real thing.
Like they, they might just hold the 210,000 they've got, right,
which which is still a positive outcome because it's, it's a lot
of cell pressure. But I mean, if they actually
start accumulating it, I mean, there's a huge gap.
But what Obi just said that they've got, we've got 13
billion in Bitcoin versus 580 billion in gold.
If you actually believe that Bitcoin is digital gold and it's
the the next big thing for this digital era, those numbers, they
don't lie. Like that's not the right split
right between digital gold and actual gold.
It should be much even if you want to say you know just on a
market gap basis should be a 5 to one right four and 1/2 to 1/5
to 1/6 to 1, not 300 to one or whatever it is so.
Do you know who thinks Bitcoin is digital gold?
Larry Fink? Larry Fink?
Maybe Larry Fink? He's slamming the buy button
today. We know it.
We already know he is. Yeah, Speaking of Larry Fink, or
very own Larry Fink, Mando, or should I say Mondo now that he
sits in France. Mondo how you doing?
I'm doing great man. Sorry I had a call which
overran. Good.
You're good. I I love every morning much say
I'm doing great. I RZ Meadows like the epitome of
like doing great. Like every day.
Yeah, another day in paradise. Dude I I cycle cycle high for
the Mando crypto portfolio. Let no screenshots.
No screenshots. To send.
Ovi, hold that screenshot to yourself, motherfucker.
You know what happens the last two times?
I know there was a time in the group chat where Mando and Ovi
went band for band. First of all, I never felt more
poor in my life. The second of all, the market
collapsed like 30% on the back of that.
We're back. We're back, dude.
Remember. Oh, so that that high, OK,
Remember that time, Obi? Obi says.
Just like, yeah, I'm feeling so good about my cycle that Solana
goes from 15 to 115, Yeah. JLJLP.
Baby JLP. Guys you.
Guys have got to get involved. I mean, I mean Nando, I mean was
going to you know, obviously Obi just gave us his his take on a
on the on the market. But no matter where how I put it
like, look, this is solely this is BTC Dom, this is total 3.
This is Bitcoin, this is ETH and sole no matter what I look at, I
don't do charts, mate, right, But E looks good across the
board. I mean man, what do you think?
I think, I think Solana looks like it's about to go to 200
market looks good. I am very, very bullish.
I I mean the strategic reserve stuff, that's a game changer.
Like if, if Donald Trump says the central Bank of the United
States should have Bitcoin as a strategic, as in a strategic
reserve, assets like that will FOMO in every single central
bank around the world. And we've already seen some of
this, right? You've seen some of like the,
you know, like the El Salvador's of the world's.
Some of the South American countries have been like, yeah,
we're going to we're going to accept these legal tender.
You know, some of them have gone as far as to have like their own
domestic supply like like El Salvador.
But if, if Donald Trump comes out and says at Bitcoin
national, hey, I want to add Bitcoin to the strategic
reserve, like I said yesterday, like central banks own trillions
of dollars of gold, like trillions of dollars of gold.
If if they start doing this with with Bitcoin, yeah, this this
could get very, very silly. Yeah, it's, it's looking great.
We're just lady just talking about that and mention your
tweet from yesterday. And then Tyler was saying like
if that's the case like this, like what 4 1/2 to one or
something like 5 to one kind of like ratio.
There's a lot of catching up to do on the on the Bitcoin side.
And we all know what happens. America leads and usually the
others follow. Yeah, so so so yeah dude, if
Trump wins and this happens, maybe I don't have to leave
Canada because Canada loves copy pasting.
America makes my life easier. No, don't worry.
Don't find a way to fuck it up. If anything, I need China to
start buying Bitcoin for Trudeau to wake up anyways.
So that's that's a sorry my fellow Canadians.
I just, you know, I I I can't help myself.
I cannot help myself here. I have this like wrist Wiener on
my on my camera, but I feel like it's off putting.
It's is it off? I I just found it was on the
floor and this poor Penguin keeps staring at me in the back
and I don't know where to put it.
And I thought it was like good here.
It's a it's a wrist Wiener. You know, I have no idea if five
year old should have Tyler right?
But but anyways, so that's I think I mean, look, market wise.
I I mean, I don't know what else to go over.
I mean the memes are meaning, I mean Pepe's back up to 5 billion
more bounced and it's back at 800 mil.
Even Popcat has like a massive red green candle. 830 whiff is
at 2:50. I mean let's speak about that.
What a what? A flipped arm again?
Yeah, 2.5 now damn at 2:00. 50 what a comeback on that I mean
across the board all the Oh yeah look like that was to your point
man though right but you're talking about talking as top
losers, but it seems like and. If you really want to get into
memes, we got to talk Mr. Meggles.
Let's go. I know you like that one, Tyler.
Go for it. Let it rip.
We. Don't have any.
So I just just get the disclosure out of the way.
I I'm in, I'm in tears. I'm in shambles.
Oh, sure, sure. Because I it was covering.
The coin on the blockchain. Look at this chart.
This thing is three days old. It's already $100 million.
Now it's. Just.
Crazy unbelievable. I guess even really recall.
I mean besides boom. Like I can't really recall since
boom, this type of parabolic early early day price action all
all while everyone who who minted the NOTS is is just down
the the gas money they paid while the the Anon who dropped
the niggles token is just printing along with anyone who
got in early on it. I don't know.
I can't call top on this thing. It could be 250 million by
Sunday, and I wouldn't bet an eye.
It's up 96% in 24 hours. So during the show yesterday
when we're talking about it, it's it's really up 100%.
I mean, look, I feel like base kind of needed a good neem coin.
It's kind of like kind of on there.
It's almost #2 already, I think Toshi, I saw Toshi at like 95
million. So Brett's like up the
stratosphere, but I think Migos might already be two by market
cap, putting Euro aside. How do you look?
It's here right by market caps, you have Brett, Brett, Brett.
So these are different, Brett. You know Aerodrome Toshi.
OK, so Toshi's at one O 1. OK.
So it's another 10% move, yeah. So it's it's third.
I mean, it's probably going to flip that like by end of day.
End of the show, probably. End of the show probably.
This is why. I mean, what's the latest that
had a run like this? Was Billy right on Seoul?
The latest coin to have like an insane run.
Yeah, I guess maybe Billy. Took a while there for Billy.
Billy was out for a while right before eight 100 like this is
two or three days Coinbase Coinbase mafia behind it, right?
Coinbase mafia behind it. Oh my God.
I mean like they definitely like this for sure.
I'm sure they like it. I I don't know if it's Coinbase
behind it, but they're definitely behind Mr. Miggles.
I just thought that they picked the Persian cat.
That's that's all that matters. You know it.
All roads lead back to to Persia, I'm telling.
I like the cat. I have to take that one do.
You like the cat? Did you like, I mean, I when
last time I said we like the cats, you know, and that went
down. So I that I like one cat is my
joy cat. You know, also political coin,
also a cat coin. So right.
That's the beautiful thing about Mark.
You know, it could be whatever you want it to be.
It could be a cat coin. It could be a it could be the
other kind of coin. Anyways, Tyler.
What do you got for us NFD and crypto analysis Tyler D on FOMO
our cause the kid can't. Great to batch the bears.
Yeah, so crypto majors are are green now rallying this morning
amidst this global cyber outage. Definitely just shaking that
off. Solana leading the charge.
Some big news out of base yesterday they reported that on
Chain Summer their on chain summer products have generated
more than $1,000,000 in revenue and another win for Coinbase
stockholders. Meanwhile, Mr. Miggles leading
all memes soaring past $90,000,000 in three days.
In other meme news we saw with Flip Arbitrum and this new Moon
Shot app, it debuted yesterday in the Apple App Store offering
a new way of buying and selling meme coins via Apple Pay
deposits. Also credit, debit cards, PayPal
and crypto without those wallet creation headaches.
So that seems like a fun new app to watch.
In other news, Polymarket hit a new all time high in daily $20
million yesterday amidst the the US political chaos.
Polyfi coins saw a lot of action as well, led by that comma token
Trump. As we talked about, he's rumored
to share this Bitcoin strategic reserve policy, potentially at
Bitcoin Nashville, though crypto and Bitcoin were not mentioned
at all in his rambling 90 minute speech from last night.
In NFT news, Yuga announced a major partnership with Pixel
Vault and Reboot to bring skill based wagering into the other
side. So I'm curious to learn a bit
more about that. We saw the other side announced
Project Dragon that's going to start July 27th at noon.
And then Grant Yoon, some big news in the art world here.
An old soul edition of 150 debuted .37 ETH.
That's over 1200 bucks. That's a 3X for mentors.
So nice to see a win back on the old NFT board.
Yeah, definitely. We've been getting a lot of
little wins on the NFT board lately.
It's good. It's good.
Like slowly but surely. Like there's a lot of little
things going on, right? I mean, we'll talk about it soon
with with Ovi and what they've got going on on the wrecked
side. But like between you guys and
the doodle stuff we talked about already this week, the 18 stuff
that's starting to like slowly, like creep up on people, the
Zuki anime stuff. I mean, it's it's it's it's it's
not looking bad. But I want to go back to one
thing. I want to go back to moon shot
first. Like I saw an Uzi Johnson and
base carbon switch get the badge.
You saw that on on XI saw they got the the the the moon shot
badge. I think I saw a founder or
something moon shot talk about how moon pay made it easily
accessible for people in 130 countries to acquire crypto
using credit cards, etcetera, which arguably one of the best
on ramps has been built. Shout out to the folks there,
but Moon Shot is kind of trying to be that for meme coins,
right? Is that what it is?
Yeah, I mean, that's how I describe it.
And it's just, it's just kind of like ignoring.
It's like kind of cutting straight to the chase.
Like you want to trade meme coins.
That's what you're you're here for.
Here's an app that you can do it.
I mean, a lot of the, the core like crypto components of like
self custody, a lot of it's all behind the scenes, right?
Here's an app you put your money in, you trade the coins, you see
your bounce go up or down and it's all Solana.
You know, I imagine that they may integrate additional chain
or meme leaders in the future, but it was interesting to see
that, you know, that they started with the the clear
leader in the meme place. It's on solana.
I mean I when it comes to meme coins outside of solana, it's
Pepe and mob like I don't see Mr. mingos.
I'm sorry, but like I I I like honestly, it's like solana eco
like even when my watch is like all soul tokens like it's I
don't know, it just feels like that's one.
Have you guys seen this moon shot thing?
Ovi Mando? Yeah, I had.
A conversation with them already.
Really. Yeah, I was like, this thing
could be huge. I messaged him and was like hey
how can I partner with Epic or just some way like.
Let's oh, my favorite dev, my favorite meme coin dev.
The second there's an opportunity for epic, he's on
top of it. Look at that.
So is Epic honored by default or do you have to do anything to
get on there? I think it's on there by
default. Anything.
Most things on Jupiter are. No, don't you have to get listed
on one shot or if all of them are really OK?
I don't know I haven't tried yet.
I need to give it a shot. Huh interesting.
I don't know I need to get my refling game refling game up
here. I think I think this I I heard
remember when sponk bought first came out MF first were making
like $1000 a day on here. I mean, this thing takes off in
this scenario where this takes off, I feel like it's huge for
the salon of meme leaders. It's huge for like that next
tier as well, right? Like in any of the the trending
tokens like that's, they're just going to be front and Center for
anyone using this app. I think it's about time we have
a native app that's just for meme coins, right?
Like why do we always have to wait for Coinbase or for Kraken
or for Binance? Like we, you know how we always
say like oh we're waiting for the Coinbase listing this and
that and Coinbase is going to list like 2 min coins per per
cycle. True story, right?
Am I wrong? I don't think so.
And like, why don't we just create our own degenerative like
app that gets mass adoption potentially on the App Store and
then allows like an on ramp to mean coins?
Let me tell you, my little brother and folks like that,
they're probably going to prefer prefer an app like Moon Shot
than something like any other sex that makes it easy to buy
like the usual suspects, you know what I mean?
Especially for getting to mania. This feels easy, like, you know,
on a weekend, like you want to throw a few 100 bucks on a
sports game or now, you know, like let's pull off the credit
card and throw a couple 100 bucks into a mean here while I'm
just sitting around on my phone. That feels easier than like
actually buying crypto, you know, sending it to your wall.
That's all that, right? So yeah.
I wouldn't underestimate the power of like small tickets as
well. You know, like one of the
reasons why Solana should have been so have done so well is
because people can literally gamble with the dollar and not
have to get destroyed by gas fees.
So if you can get, you know, some of these tickers are quite
small on market cap, right? So a few thousand people, if
they're if they're all only gambling like 10 to 100 bucks,
that can make a big difference to to some of these coins.
And now it's pretty easy. Every time you speak to your
friends about how you've made generational wealth and they ask
you how and you have to tell them about wallet set up and all
that stuff. And I can say, hey, just
download this app and you can do it.
Like it breaks down a lot of hurdle.
I think it's going to be very interesting.
I'm downloading it right now. Wow, this is so I I never
thought one day that I'd be downloading an app in two
seconds on my phone to buy shit coins.
I mean here we are mass adoption.
I mean, when you think about it, pumped up fun is probably the
most used social Fi tool. They even have a news feed now
like a 4U page on on on on. Did you see that?
They just announced that like yesterday on pumped up.
So they're like they turning into social Fi.
So, so when you think about it, if beam coins are social fly, I
actually ironically that quote came from one of the biggest
bears right now, Andrew Gang. Early on when he was bullish, he
used to say meme coins are the social fly and I thought that
was a banger. I don't know what went wrong,
but maybe he fell in his head or something in the.
Meantime, so it looks like we're not listed, but we're about to
get listed. What?
That's a live. That's some live alpha.
Right, the careless, careless coming up.
I'm telling you, you have to get listed on moon shot so it
doesn't take all the. Yeah, I just spoke to, I just
spoke to the guy. I was I was getting him this
morning. I was like, look, this is, this
is. Good, are we getting breaking
news? Is that breaking news?
Hold on, I never get to use my breaking news button.
I don't think Tyler ever heard it.
This just in rug radio breaking news.
Mando is spreading Epic listed on Moon shot.
Hey, that's supposed to get. Hey, hey, kiddo.
We got a special appearance. We got.
Look at that. She got so excited.
Hi. What's your favorite meme coin?
He's like Mr. Miggles. Mr. Miggles.
My dad's got a huge bag of Mr.
Miggles. She's like salad.
Her mom would be telling me to sell.
That's a fact, daddy. Loves Mr. Amigos and Kama
actually. Kama's looking good.
Dude, that was a good call of yours.
Tyler. Early on the show, like at least
a month ago I think. It's looking good.
I'm getting a little nervous. The the chatter coming out is
that Biden's not going to endorse Kamala and they're going
to go an open convention route. And it's got me feeling a little
nervous, I'm not going to lie. Well, be careful because
prediction shit coins are clearly not prediction markets
and we've seen that with JD Vance, right like the Vance coin
and and Speaking of which, I I've been very surprised at like
how poorly Trump on the ETH mega coin is is performing.
We've been talking about this a lot on the back end, but I think
the prediction markets are going to kill the whole polyfi token
thing like completely because. I definitely think so.
I I agree with that because the, the, the, the meme coins,
they're very much like buy the rumor, sell the news type things
and meme coins. They're not, they're not like I
think people misunderstand them say, oh, shouldn't shouldn't
Trump be higher? But the Trump coin isn't like a
bet on option. Yeah, it's not a bet on Trump.
It's a bet that people will buy this coin.
More people will buy this coin than the people who are already
holding it will sell it when the information that you deem to be
relevant occurs. And if you look at this Trump
coin, if you look at the holders, right, there's not even
that many holders of this coin. How many holders are there of
this? Let's find out but one thing.
That's for sure. 32,000 holders. It's definitely gone up, but
it's not it's not crazy like something like Whiff has 150K,
Pepe has 250K. Like there's only 32 K holders.
So there are definitely whales in this and there are people
who've been in this from the beginning and selling.
So, you know, it's, I'm not saying it can't go up, but there
are different, Yeah. So that was my thing like I I
think like I I'm seeing those and like when you think about
it, like it literally retraced and is lower than the whole
assassination with and I hate to put this up, but it's true.
When the assassination attempt happened, it soared 35%.
It completely retraced that and it's lower than when even on
that's before he went on that stage right now.
Sup 300 mil. So like it's, I think it's with
the riser prediction markets, like why would you buy this if
you saw what happened at JD Vance and I could dump like
zero, you know, Meanwhile, I'm up 35% on polymarket on Biden to
to to drop out this election. So call me GCR.
Thank you. That's looking like a lock.
On $100 on $100 size, mind you, I think it's important for me to
to point that out. I'm only up 30% on $100.00.
So you know it'll buy me maybe one coffee in LA anyways before
I go to the rec brands and all that good stuff.
Tyler, what is it? Was there anything else is a
big, big topic headlines that I missed on?
We talked about Trump and the stuff already with Bitcoin.
We talked about Mr. Migos there. Anything I'm missing here?
Part of your top? I mean just maybe a little bit
deeper on Polymarket, it's incredible the numbers they're
doing. So they hit a new all time high
at 100 million for the month of June.
And yeah. You're good, you're good.
Go ahead. That's.
Fine. It looked like I was like, man,
are they really going to double up in July?
It looks like they actually might like they're already 150
million on this month and they hit a new all time high
yesterday. And I mean, yesterday was a huge
day with the RNC, Trump speaking as well as all this Biden news
coming out. I mean, it's an absolute circus
right now. It doesn't seem like the circus
is going to slow down anytime soon.
So as long as it's this active and wild, Paul and Mark Great is
going to to be the the big winner here.
And now there's just so many markets.
There's like the dim VP markets now, like one of the hottest
ones and like they're, they're sharp.
You can probably market credit. They set up these lines for like
which words is Trump going to say during his speech with like
15 different options. They caught almost $1,000,000 in
bets on that. Yeah, they're cooking, man.
They're cooking. They're very, I mean, they're
funded like so well, no need for anything.
They're just, they're just cooking and killing it.
So good for them. Like we have a few.
There's everyone's saying there's no product that has been
built on the pathway to mass adoption.
This cycle is wrong, man. Between Poly markets and the
stuff like pump fun and a lot of more different things like we're
we're getting there. I can't wait to see the hysteria
mania once Bitcoin hits 100K. That would be absolutely insane.
Someone, someone was in my replies like there's an
interesting concept here, like the mix of like pumped up fun
and polymarkets. So Polymarket people are calling
it, it's the news. Like this is effectively news
confirmed before it's actually confirmed and pumped off.
I was becoming like breaking news.
So like one of the fastest place news events are spreading.
It's like via the tickers of these tokens launching.
It's interesting to see. Is there a way to combine these
in some capacity where you've got like your breaking news feed
and then like your confirmed news feed via the prediction
markets? I don't know, it's like 1/2
baked idea, but there's potentially something there.
I think the other trend is quickly on on this yoga thing.
I don't know what it's going to be skill based wagering into the
other side. So I guess it's kind of like an
E gaming, like kind of gambling on the games themselves.
Speaking of which, we have another banger or I don't know
if you are called banger. We got another Gaga tweet.
Mando's already smiling. That's like two shows in a row
that Gaga. I'll let you read this one.
I got I don't know. I'm not reading this.
Dude. We can really hear Mendo's kids
and your daughter just came on screen.
I hate reading this. So you had Finn talking.
I'd like to wager on the other side men and never actually
launching. How can I do that with this new
platform? Step one is you know what it is?
That's yeah, man, yeah, man that you muted, but that's how your
reaction. And then Sam went the going rate
is $300 million now and then you have everybody saying this is
the most bullish thing thing and I don't know you have Herman the
rule. I think This is why people say
the UX in crypto sucks or Herman actually they used to be a
company building the other side. It's mixed emotions on the
timeouts. Hugo saying what are the odds it
launches by end of year? I don't know.
I don't you had you had UDI chime in also here because
apparently Finn works for Ronan, though he's not like the guy who
founded Ronan. So it's not like I don't know.
But anyways, that was that was that today on CT, right.
This was really it. God, man, we get a different
banger every day. So look.
He's not holding back anymore. He's.
No, he's not tired. Of it.
He's not. He's not.
Gargo's done holding back. That's that's for sure.
That's twice this week he's done holding up anyways.
Only the other news with when it comes to NFTS and what not REC
Brands, I mean that's what you came originally to talk about
today. Tell us more that there was a
tweet this week. Last week, Rec Brands Inc became
one of the first companies to grant shares to NFT holders.
I mean, tell us what is the latest on REC Brands?
What have you been up to? Yeah.
Look, we announced this in January, so it's really been
like about six months in the making.
But finally last week we we actually were able to grant
shares equity in the company of REC Brands to RET Guy NFT
holders. We did it based on the
historical snapshot which we took back in October and it was
a six month process of figuring out how to do it legally.
How do we do it in a way that's within the framework of the SEC
and the framework of other jurisdictions as well?
And, and we ended up doing it through a crowdfunding offering
in the US, which results us actually using an SEC registered
dealer broker to execute this offering.
So yeah, it's a pretty strong legal process, but we've done it
in in a way that I believe is very watertight and and very
rigorous. And yeah, after a few month long
process, we finally managed to complete it last week.
So everyone who participated would have got their share
certificates. Everyone you know of the people
that signed up, we everyone owns a little bit of the rec brands
and company. And to be honest with you, we've
been working a lot behind the scenes on everything, Wrecked,
wreck brands, Wreck Guy, etcetera.
And this is kind of like the one thing which we needed to get
done before we roll other things out and launch the rest of our
plans for this year. So yeah, it's been, you know, H1
has been very much of a fun but frustrating period of like we
have all these great plans, but we can't launch anything yet
because we need to get this thing done and executed.
And as of last week, we finally, finally completed that.
There was an interesting few piece of information that came
out from it. We had, I think about 800 people
who ended up successfully completing the process and
getting their shares. That's of about 3500 holders.
So either we have a ton of wreck guys that are in dead wallets or
I'm guessing a lot of people didn't want to go through the
whole KYC and doxing process in order to do this.
But I thought that was an interesting data point that we
had maybe like a 25% participation rate in it.
Or they forgot the deadline, you know?
Or they forgot the deadline. We did have a few people off the
deadline. You missed it.
Like me, I am definitely one of those people.
You know what's the worst habs who also works with us and with
you guys reminded me and is it is it is Santa in now I I love
that I'm hearing the jiggles. It sounds like Santa Claus
coming. It's fine.
You don't have to mute. It's actually hella cute.
It's wholesome. I I like hearing kids in the
background. So you guys are all like
fathered up Look at that anyways, that's really cool.
So let me ask something you mentioned you work with the SEC
on that. So what's the what's kind of
like the process? Are they easier?
Because, you know, we paint the SEC in like really, really,
really bad light, rightfully so actually in this industry
because they always try to fuck us.
But what was the process like for you guys on the red ring
side? Yeah, it's, it's a good question
and lots of people have asked this And, you know, if there are
any NFT projects out there who want to do a similar thing,
we're more than happy to to chat.
And we had Ray Jenko on the legal side for us who was very
instrumental in getting this done.
But we didn't speak directly to the SEC, but there's an SEC
exemption called Reg CF It's a crowdfunding exemption which
allows you to have a large amount of shells in the cap
table. It allows you to raise capital
without having to register with the SEC.
But it has to be executed through an SEC registered dealer
broker. So in doing that, we've had to
go through a compliance period for ourselves for Rep brands
like I myself to fill out like a bad actor check Amanda has to do
the same thing. We will have to be KYC Ed.
We've had to provide like state of financials for rec brands.
So, so long compliance period to make sure that everyone.
You have to you have to send like a big, you have to send a
big wad of cash to to Elizabeth Warren and.
Her goons. Anna Goons, Yeah.
One for Warren and one for Gensler.
That's that's how you. Move I mean look all that all
that with money had to go somewhere I mean Obi Liddy
dumped with from $5 to 155 for this so like he I'd be he better
have been working on something else with that money not only
that he did the same thing the mock you know it's been a long
grind back up since he dumped his bags on us so I'm.
Seeing still own still own them man, I'm getting.
Well, I know you know this. This motherfucker's moon bag is
bigger than my whole portfolio. We get it anyways, anyway, so,
so this is really exciting. So the next question, OB is like
when poking, I don't know you talking, you know, working with
the SEC, all that good stuff. Yeah.
I mean, look, we've been, it's as I said, we don't deal
directly with the SEC, but we've been through a long process to
make sure we've done everything by the book and it does allow us
to do lots of different things. I think the main thing, main
point I wanted to make on this really is like in 2021, we saw a
ton of NFT companies raise capital, then had to provide
value to their investors rather than their holders.
We saw loads more NFT mints and everything kind of just like
went, went to zero. And I felt like, look, NFTS at
the moment are pretty dead apart from a few different projects.
And you can't, we could have just left rec guys, rec guy and
whatever. But I do feel like there's a lot
of potential. In rec brands, we've run some
amazing events this year and obviously we have rec drinks
we're working on now. So, but it's like if we go out
there and do rec drinks, how does that benefit the rec guy,
NFTS and the NFT holders and our supporters?
Well, maybe if rec drinks become iconic, people want to own the
NFT. That started the whole thing
off. But I think by giving these guys
actual equity in the company, they now have an economic stake
in what we're doing. And my thing has always been
like, if you have to pivot, you have to pivot, but try and bring
people, your supporters along for the ride.
And that's what we did when we went from D Jens to rec guy.
And that's what we're doing now from from rec guy to to rec
brand. And so look, if one day, if we
crush this drinks thing and we sell the company to Red Bull and
people will get paid out on that, right?
People will get paid out on that.
If we make a ton of money and we're able to pay dividends that
one day, then then people will get some economic benefit for
that. So I feel like now if we raise
capsule one day like people will have that will then have a
valuation attached to the shares that they own and will be able
to benefit in the economic upside for that as well.
So I just feel like we've we're now on the same level playing
field as our holders where we're all actually in this company now
skin. In the.
Games we all have skin in the game yeah it's not just like oh,
we own the NFTS and we kind of hope the NFTS will go up on on
the sentiment. It's now we have actual skin in
the game of on the in the company and did I it's pretty
exciting. I think we're actually the 1st.
I know the plague announced it and I think goblin town did
something, but it wasn't for the main company.
It was for like some art thing that had on the side, but I
think we're the 1st. Like NFT project.
Project to actually successfully execute this with the
withholders now having share certificates and knowing how
much, how many shares they own. And this really is just the
beginning of what we're doing. This is the next half of this
year is going to look very different for the first half of
this year for Rex. Listen I still have all these
MFRS I'm that guy that never migrated my D jams and never
claimed my wrecked brands equity man just laughing claims shit is
like a meme at this stage on this show bro.
Hundreds of thousands have been lost by the road.
Just unbelievable amounts of money from his pudgy Penguins,
from all those ordinals. The the journey, the journey
from that. I minted that shit.
I kept all these are like cultural me too.
These are cultural artifacts. I minted that shit bro, I minted
that stuff. Look at this itty bitty titties
and a Bob. Look at that literally that's
the meme. This is like.
I saw a couple this is this is one of my best.
I'll send a mini. For my best ever NMT trades I I
stacked about fifty of these. No way.
Below .1 and then they went to like .8 and sold a chunk on the
way up that was hit quite the run.
I love that. That's awesome.
I mean, when you think about it, this was a great trade.
It was the there were two trades that were similar timing of you
guys. There was you guys in Pixel
Vault early on. That was like two really good
trades at that era of NFTSI. Remember you guys were the first
people to charge more than .1 E for mint just .11 by point O1
and everybody was like whoa, .11 ETH because you know, Bake had
like kind of put the standard like point O 8 and before that
punks for free. So it's like .11.
No way. It was like outrage on the
timeline. Like you remember early like no
.11 ETH I'll never forget. I meant that that shit.
I meant the 10. It was like 1.1 ETH at the time
and I don't think I have much ETH and I was like shit dude,
these guys sound smart. They're British.
They sound smarter than like average people.
Let's see what they do. That's fun from comics to now
giving equity out to to to holders of the thing.
Oh, I love this one Look, I posted this rec two rec GM to
you just posted this one that was actually slaps.
I may have to go back and buy like some really rare ones very
cheap and just like collect it as an artifact.
This is like this is something so Congrats guys.
That's that's that's really cool.
Excited to see you guys take over Red Bull Fox selling to Red
Bull. We buy Red Bull right?
We're definitely. Compete with that would be
something if we bought Red Bull I don't know how many billions
of dollars of red Red Bulls were yeah I.
Mean they spend like. Man.
Year on marketing, so so so anyways.