Yo-yo, what up? What up?
Good morning, good morning. GMGM.
Thursday. Thursday.
Oh my God, I can't stop laughing.
I gotta stop laughing. All right?
Take it serious, bro. Thursday.
That's my favorite day of the week, though.
I know I hate it on Wednesday, but Thursday is my favorite day
of the week. Thursday, March 13th, 2020 five
look at that another beautiful day to have a beautiful day.
I got my car was in the house. Tyler, Logan Tyler and Logie
Logie 1 Konomi. That's a great username.
Never told you that. That's a fantastic username.
How you guys doing this morning? Good morning.
It's a big day. There will be blood.
It is the blood moon. Lunar eclipse.
For all those astrology folks out there, this is a big one.
I feel like something big is going to happen today in the
markets and my gut raise is probably going to be bad.
So we're going to see some blood on the board.
But my hope you have is that maybe we put in some kind of a
bottom here. So at least on something.
So we we will certainly see, but I feel like it's going to be a a
big day and then set the tone for this weekend.
Yeah, definitely. I mean, definitely listen, right
now they're definitely putting the blood part in the moon part
on the markets. That's that's definitely for
that's for sure. Tyler, the blood part is that me
being found. I think we're at like we're
we're looking at this morning until the show started.
Let's just put it this way. But but but but the full moon
doesn't occur until what time or we'll, we'll we'll get into
astrology a little later. Let, let, let, let's do.
Let's do the whole astrology chart.
Even Bob Lucas. I don't know if that's good or
bad. Fucking Bob Lucas was talking
about the full moon, bro, yesterday.
Yeah, dude. Our, our, our quant.
Our we, we share a quant here. And he was talking about the
full moon. I was like, no, not you, dude.
Me. OK, you.
I was dying, dude. Anyways, Logan, how you doing
this morning? Yeah, I'm doing well.
I'm, I'm looking forward to the Blood Moon pretty much clear
skies here, so should have some good viewing later tonight, but
we'll see. I, I, I again can't complain
with the blue skies, sunshine. I know the market's not that
fun, but this is a a nice reprieve from, of course, winter
dreariness. Love that.
Looks like we're talking about Blood Moon.
We'll be talking about champagne and wine today.
We'll be talking. It's alone here.
We're already getting some thoughts on the timeline.
You're asking me my thoughts on the US champagne business.
We'll get to that. I have some strong thoughts.
I've I'm very opinionated on that.
Actually, I have a very strong opinions on that.
The French in me comes out. You know what I mean?
After all, I do have a French passport.
Anyways, today on the show today, full moon Paris trade war
markets Tyler's top 100 or top five today.
Honestly, what else we got Robit loot box spin.
Someone's going to win a crypto punk today.
I feel it. So I'm just going to call it
someone's winning crypto punk today.
And then last but not least, this show is powered by this
show is powered by I guess I'll be starting some crazy rumors on
the timeline and I'm really just crying laughing.
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You guys know I interviewed him, right?
He sure did. Yeah, Yeah.
Yeah, rich man was here to hear that one.
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But also I do want to point something out regarding Wallet
connect. That is really cool because I
know there's a lot of fellow myriad enjoyers on in our on our
show as well as us 3 Co hosts over here.
We just launched Myriad markets in partnership with Wallet
Connect. This is a really fun way with
which we can partner with brands beyond just like what we used to
do with our radio into quick media, right?
And so we just introduced our first community market.
So you've seen us do this with Pudgy Penguins, you've seen us
do this with Rec Guy. We are doing it with the Paris
Blockchain Week next month in April and a lot of other folks.
But we've just launched our markets that are up to, but
guess what y'all, there's 150,000 wallet connect tokens.
Yes, they do have a token up for grabs for predictors.
So hop on now on Marriott dot Markets, there's a contest going
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Y'all literally. And that's also sponsored by
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Will Wallet Connect exceed 270 million connections in March?
So you got to do your research on that total unique active
Wallet Connects, wallets connecting with Wallet Connect
in March. How many new wallets will
connect to every time I say connect, take a hit or drink a
shot. Maybe not now it's 10:00 AM.
Also, if you're under 18, don't do that or under 21 in the
United States of America. Yeah, and growth rate and total
WCD. So some fun markets guys and a
cool little thing that we can do with these myriad markets.
Yeah, let's maybe we come back to this at the end of the show.
You know, for our loyal listeners, I've got the alpha on
a lot of these markets. You do.
I've got all the numbers. Oh shit, I see, because they
also sponsor your on the expose show.
So you've you've searched it so we'll check it out.
But anyways, check it out. Listen, it's free money so you
can you can always check. I know we're not an hour earlier
today, Lukey, the time has changed, brother.
On Sun Saturday night we changed the time Daylight savings.
Daylight savings. Anyways, Tyler, let's hop on to
you. Where is my thing here for daily
NFT and crypto analysis. Tyler on FOMO our calls the
kids. Can, yeah, I'll start with some
macro. There's a lot of macro headlines
coming out. So there's more tariff fights.
It, it looks like the European Union is going to levy 50%
tariffs on American whiskey, Trump than countering with two
100% tariffs on European wine if they don't back down.
So that was some of the latest here.
We also had PPI. The inflation numbers came in.
They were also soft this morning under expectations, but markets
already shaking that off. Stocks were straight down this
morning. I think the indexes are down
about another percent or so. Crypto majors down, Bitcoin down
about a percent as well. Surprisingly, ETH actually
holding steady, which is pretty shocking here.
We'll get into that more in a minute.
Another big piece, I guess it's not really news, it's perhaps
more speculation. Last night Commerce Secretary
Howard Lutnick said that Trump wants to cut income tax for
anyone making less than $150,000.
So there is a lot to unpack there.
And if that would actually be good or bad.
Getting into the the crypto headlines here, the ETH Bitcoin
ratio folks, that hit a five year low yesterday.
One Bitcoin was 44 ETH 44. That is unfathomable number.
We had come out yesterday saying that markets are going to soar.
Scott Besson, maybe some opium blood moon bottom.
He came out just before the show said that a market detox does
not mean a recession, folks. So maybe the first time Besson's
starting to walk back some of that rhetoric.
You love to see that. Breaking news this morning,
Trump family in talks to acquire a stake in Binance US.
The Wall Street Journal published this.
We'll get into the details. Looks like there might even be
like some kind of a pardon swap as a part of this gets a little
messy. We'll dig into the details.
This comes just again, a day after Binance announced a $2
billion investment from Abu Dhabi's MGX, the largest ever
crypto native investment. Ripple also received approval
from Dubai to offer crypto payment services in the UAE
Yesterday. We also saw the CBOE seeking SCC
approval to the list of Solana ETF shares on its exchange.
Cantor Fitzgerald officially announcing its Bitcoin back to
lending for institutions that's kind of launched this July with
$2 billion in initial financing. And the North Korean hacker
group Lazarus has now been linked to six new malicious
packages targeting developers, browsers and wallets.
And then I think Logan may have helped share this news.
We'll get into this later. Nebraska's governor signed a
Bitcoin ATM regulation bill. I think this is one of the first
Bitcoin ATM regulation bills we've seen in token and protocol
news. Hyper Liquid changed its margin
requirements yesterday coming out of that whale liquidation
scenario. Looks like that whale might be
back. Actually, that came out this
morning. Say TBL, the number one mover on
the week for for chains that have more than 100 million in
TBL was up 40% to 310 million. Vera chain also up quite a bit
as well. Let's see in AI, the AI market
was up here this morning. The bigger headline this is
actually pretty interesting. Banker, the Banker bot you may
be familiar. They disabled responses to Grok
after the accident launched 17 different tokens manipulated.
Wait, hold on, I launched 17 tokens.
Yes, it's, it's got like $500,000 in a wall.
Very, it's very unclear who or or how it's going to access the
funds in that wall. So there, there's a lot of
questions. Oh God.
In memes and Tees. The memes were green this
morning pet that was actually up 13%.
I don't that may have come down a bit since the show started.
And this actually came after Coinbase delisted Floki, Turbo
and Giga from this exchange in New York.
They're saying it did not meet their listing standards, so
we'll see if that goes beyond just the state of New York.
DRB, the Grok token that fell 5050% after banker turned off
its access. So that was quite the impact
there. Then we also saw Robin Hood list
Pingu Popcat and Peanut the the pee Mee Mee on Robin Hood here
this morning in NFTS a couple headlines Tappert Wizards
announced their latest first five details that will be the
last chance to get on that white list to be able to mint for 0.2
Bitcoin and then a grail cowboy punk what a beauty sold for 75
ETH gorgeous Gandhi yesterday yeah quick rundown the
headlines. I wish I was rich.
I was on like 100 punks. What do that mean?
When I saw that yesterday I was I quickly flashed through my
head like what can I sell to try to buy this and like it just
didn't make sense. I just look up punks every day
and like. That's a really nice punk.
A really, really nice one. That punks are so nice.
Like it's, I think, I think we'd all agree that you are a punk.
Oh, oh, look who's here. Who led this guy on stage?
Keith. Keith Grossman.
Just quickly, I said you were requesting.
First of all, I want to congratulate you for beating
Iran. I didn't know you bought the
country of Iran this morning. Moonpay announcing that.
Very, very funny. I literally was calling you back
based on your text a second ago and then I was like, oh, he's
on, He's on with that show that he does.
So I was like, I'll I'll jump on and I'll just say hi.
Very funny for like I did laugh do.
You want to quickly, I know that, but this is not an ad or
anything. Keith just likes to randomly
instead of calling me and every day at 10:00 AM because he
forgets I've been hosting this show for three fucking years.
He loves to come on the show and and and chat with me.
But while you're here, you guys are like buying all of crypto
like what? What is this IRA news?
I thought it was really good and I mean, I thought my joke was
great. Congrats on my on.
So, so, so first the joke was OK, like let's, let's, I'll give
you credit where credit's due. Like I laughed, right?
I chuckled. I did forget that you had the
show, right? So yes, it has been three to
three years and yes, I will spare everyone.
Just so everyone knows this would be how faroke and I talk
to each other when we when we chat on the phone.
OK, so we are chatting on this one.
So no like look, you know this we've been very open about this
and and blunt like like Moon Pay, we if if PayPal was
rebuilding itself using blockchain technology today,
like like it would be building what Moon pays built right.
And ultimately this Iron deal, the acquisition is our Braintree
moment, right? This is the moment where we are
able to essentially allow, you know, all of the B2B businesses
who use AP is to sort of interact with stable coins and,
and move into this new business in this new area.
Like we see, like we see huge opportunity here for us.
And you know, our goal was as ultimately to continue to, you
know, build the backward compatibility for the existing
financial ecosystem to access this decentralized ecosystem.
And ultimately what we're doing is we're building a membrane
around sort of like what exists today to be able to access all
of these amazing decentralized apps and and ecosystems.
And iron just continues to accelerate that for us, but with
stable thoughts. Wow, Congrats.
Yeah, no, it's, it's we are so excited.
I, I will say like I could not be more excited.
I couldn't be more excited about the space right now.
But like, you know, I, I, I was just calling you back to say
that I thought your joke is OK. Appreciate it, Keith.
Can I may I since I saw Myriad jumped up on stage, I am
following the stats on Myriad and like your daily stats are
unbelievable. Like they are really cool, Like
and like I hope that you and your team are really proud of
what you're building. It is awesome.
Thank you very much. Yeah, we are.
We just crossed $300,000 of volume an hour ago.
So 6000 traders. So things are ramping up.
One thing you've noticed which is funny, Monday, Tuesday,
Wednesdays, people don't really predict much and as soon as
Thursday hits, volume just explodes, which is very
interesting. Why wait?
But but this is on what, one week's worth of data?
Like, yeah. 6-6 days, yeah. Six.
No. No, no, hold on.
But it it's, it's funny, right? Like you're going to start to
see patterns off of myriad and off of bets.
It's going to be like certain news things are going to trigger
things. Certain sort of times are going
to trigger things. Right.
The market too, right? I've never understood why.
Like why do flows at moon pay over the weekend sort of light
inverse during the weekday, right?
Like you would think that everyone is at home on the
weekend bored and buying crypto, but no, like apparently people
buy crypto Monday through Friday and then they buy it a little
less on Saturday and Sunday, right?
So it's like these things are things that you just start to
see when you start to get large numbers. 100% no.
I love that. Yeah, we all think weekends are
big, but then weekends kind of suck, honestly.
Well, anyway, like, continue on with your cute little show and
give me a call. Give me a call, yeah.
I'll call you right after. We'll catch it and to everyone,
everyone in the audience, I I kid it.
It is great to see so many great names out there, like whether
it's fungibles or Jenna or Q love that I mean, or wall fog.
I mean it's it's so fun or Zanzibar.
Like I'm just going through the list looking at like all these
people that like from 2020-2021 that like you, you'd see, and
they're still in the rooms and like still building.
And I hope you know more than anything else that that even
though I'm in and out, like we're making you proud.
And that like the run radio team and that the Decrypt team is
making you all proud too, right? Like this is just awesome.
OK, goodbye. It's.
Been a pleasure sticky. Anyways, we'll love to see that.
Real quick, what a breath of fresh air just to hear from the
founder who's excited about crypto and supporting builders.
Man, I could we just get there's still so much negativity on the
timeline. Yeah, just nice to to see
someone who cares and still has a positive output.
Yeah, it's, I agree with you. Maybe we should just get more
on. I, I, we always say that, but we
also get so busy. But it's, it's, it's what?
Because on the founder side, dude, like every founder will
get on here will tell you how excited they are about the
space. Because I, I get to interact
with a lot of them. And then when I go to
conferences, I go to all these like dinners or whatever the
fuck, like all these things and everybody's like super hyped.
And I was actually with the founder of Moon Pay in DC having
dinner last week. And they're just crushing, man.
And the numbers you're seeing like they keep on hitting new
highs of inflows. It's so crazy.
It's insane. And on all all all fronts,
right? So it's, it's actually wild.
And now that they've bought this, it's crazy.
It's also like, I saw Ivan, that's their founder, right?
He was on national television this morning.
Like was it CNBC or something? It's crazy everyday guys.
I feel like you open the TV now and you have like a crypto
founder on. Definitely you.
Would have never thought. There's this sentiment that we
didn't on board anyone this cycle.
I feel like Moon pay would have a very specific.
I think they would disagree, yeah.
And opposite point of. View I think we may not have on
board as many people on CT but even that's wrong.
Like on some went from like 50K followers to 700,000.
You know what I mean? Like that's how you know, like
right guy gained like 200,000 followers a cycle or Frank or
this or that. Like even I though I gained most
of my following in 2021, like 350K of them, I still managed to
put on another 100,000 followers a cycle.
Tyler, you've followed a lot of followers.
Like it's like just if you look at like just on some, I think is
the best metric because he was kind of like the main character
of the cycle going up from from the start.
Like this guy has a what does he have 707,000 followers?
And I'm pretty sure he was like sub 50K when when that started,
at least some 100. So I think that goes without
saying that we definitely onboarded some people this
cycle, but they may not be the people that will be on here
buying our bags. But anyways, this is a bunch of
stuff to, to, to talk about here today.
Tyler, Maybe we could start with the market and the astrology if
you want? Yeah, the astrology is into the
blood moon. So I think historically what's
been wild about crypto and astrology is these full moons
like often do mark local bottoms.
Like do you remember the one in in January?
It it marks the the local, you know, very massive red, red day.
It was, it was the full moon. And like there was one who had
called like the last three cycles, they'd all bottomed on
the yeah, on the full moon. Now it's a blood moon.
We've got folks like Bob. Trading View has moon phases.
OK, It's a real thing, Tyler. Definitely.
It really is. I have no idea why, but I'm the
kind of guy when I when I see enough of a trend, I'm like, I'm
at least going to acknowledge it and not just totally dismiss it
because I don't know why. But maybe there are a lot of
people out there who do like to trade on moon cycles.
So I'm at least going to respect that.
We've got Bob saying time for some New Hope in the markets in
a rally on the full moon cycles. Are well positioned markets
really oversold. So like that is the thing.
It's like a lot of these assets do feel like they're really,
really oversold. And now maybe we've got some
reasons for optimism from investment here this morning.
Walter Bloomberg just shared that right as we were going into
the show open. Oh really?
Yeah, I must have missed that. Must be what we're bouncing now.
Yeah. So stocks V shaped basically at
at the same time. So it does feel like perhaps
that might be somewhat related. Oh, he's talking right now.
OK, yeah, so Besson must be talking live.
Yeah, like 36 seconds ago, Government shutdown, not good
for the economy, Besson. We've had big unwinded markets.
Yeah, looks like he is speaking as we speak.
There it is. They're the fifth one.
Fifth one, Yeah, Yeah, he's live after big station dollars.
Natural that other currencies could do well, U.S. special
envoy Steve Witkoff is in Moscow for talks with the Russia
official. Oh, wow.
So Witkoff is in Moscow right now?
He does a lot, yeah. Witkoff.
Partner like do peace with Hamas, peace with Ukraine and
Russia and at the same time buy Binance.
I love that a lot. Is happening then there there's
the big 1A detox does not have to be a recession.
So I think a lot of folks have been reading into this is a good
take language saying like more pain, more pain is coming.
But here he's like, finally, like pumping the brakes a little
bit. This is a good take though.
And we've been talking about this week like the the Max 7 are
down 20%, Bitcoin is down 25% E down 50%.
It it's, it's normal to be more bearish at the bottom and think
things are going much lower. But who knows, maybe we're going
to start to see some signs. We've got FOMC next week.
That's going to be pretty important at this point to see
if Powell has seen enough in the inflation data to, to start to
to change direction. So it feels like I don't know if
we're going to see any major movements ahead of that.
That does seem like an important meeting.
Now we had PPI once again come in a little bit under but of
course the other backdrop to all this is the Trump tariffs and
just need volatility now like we Americans are going to be forced
to really dive into our California Reds here because
those French wines are going to be quite a bit more expensive if
these tariffs step 200. So you go on.
No, that, that that's what they they offer.
So I think, I think the EU counter was tied to the aluminum
tariffs the US proposed. They they counted with 50%
whiskey and then Trump counted with 100% on a French on the
European one. This is so funny.
It's like seeing like you've ever seen your kids argue with
Tyler. I'm sure you have, right?
Does it feel similar right now? Yes, it it really does it like
it is. It is a little strange to see
like major global policy play out like this.
And like, I think it's one of those things that we've just
like come to expect it from Toronto.
Like it, it isn't normal. It really doesn't feel like this
is how things should be done. And it's almost like Europe
counters and then he just comes up with something to like, oh,
I'm going to hit you back with this if you don't back down.
And it's impacting everyone. Yeah, it definitely is impacting
everyone. So interesting times ahead in
the markets and looks like it's still going to go on.
I mean, every time we think that there's like last night, there
was some relief on the, on the, on the, on the, on the tariff
stuff and this morning and no. So I guess we'll see where that
goes. But at the end of the day, I
mean, you know, you guys are losing out on the on the, on the
alcohol deal because you know, best wine, champagne all comes
from Europe, you know what I mean?
And the EUR, they're fine because they've got that Irish
whiskey, they got that Scottish shit they got and they can get
the Japanese stuff. So you know, you guys won't just
you guys just won't be blessed for with French wines what you
get for creating Napa Valley. Yeah, I mean, American bourbon
is better than Irish whiskey. I think that's pretty
objectively true. I don't have a skin in that
game. Maybe Sims wants to weigh in.
But Logan, what do you think? Yeah, I'm a I'm a bourbon guy.
Most of my shelf is American made, although I do have some
Japanese stuff here as well so I think I'll be OK.
Yeah, you guys will be fine. The funny thing about the
alcohol thing is that everyone's going to be fine.
Like everyone's. It really makes their own like
booze, you know what I mean? Yeah, so people like literally
will make their own. We'll have to have whiz on and
get into a longer debate between.
Oh God. California Reds versus.
Whiz and I have been arguing about this since 2021.
I think I'm on his side. Of course you are.
You're American. You got to be on his side, you
know? You got to.
Hey Chad, what do you guys think
French wine or or American wine? You know, let's see let's see
what the chat things anyways looks like blood moon and the
and the eclipse. So it's an eclipse, right?
We'll take. Yeah, you don't.
You don't need special glasses. I looked it up.
OK, so this one, you don't need special glasses.
You can see it at 1:00 AM Eastern Standard Time peak here
if you're trying to look at it. I remember last year I saw one
who's in Saint. I was in France.
I was in South of France looking the blood moon was fucking nuts.
It actually is going to be really cool and I think I saw
like 1 to 3:00 AM is roughly the the window.
I think it it clearly depends where you're at.
But and. I think it's supposed to be
clear skies at at least for for big like the US.
So this is going to be a cool one and hopefully all of our
bags haven't gone to 0. Yeah, hopefully we pray.
We definitely will be praying for that.
Today's code one. That's funny.
I don't think it is. We'll see.
What seems pics. Is that other wine?
Everybody say oka not A and wine.
What the fuck is oka not A and wine?
Bro? You guys are making up words at
this stage. Peaky Blinders whiskey code is
wine. American Fuck yeah.
Listen, I love America, but you guys are not going to have that
one out on my deathbed. You guys wanna have that one.
Not the one Kelowna want want. This this guy, this Noel guy's
just making up words here. You know, Listen, I love the
First Nations, but there's no chance to make better wine than
the French to the Italian, OK? Anyways, Tyler.
Yes, we have time a lot now, like a lot came out right before
the show. So this Binance news we got, we
got to talk about that. Let's talk about that breaking
before the show. It looks like the Trump family
is in talks to acquire a stake in Binance USI have not had a
chance to actually read this article yet.
So I I basically just have the headline at this point.
I, I've also seen some segments, I think clipped from the article
where it looks like perhaps CZ Binance is somewhat like
negotiating like a pardon, perhaps as a, as a part of this
investment deal. So there's a lot to unpack.
So, so clearly that is not a, a good thing, right?
To like have some kind of a, a pardon swap for an investment.
So, so not a fan of that. I, I was, it did kind of get my
wheel spinning a little bit this morning of does CZ deserve a
pardon or not. So let's let's put like the
messiness of tying it to an investment aside.
He was that what he was put in jail for were anti money
laundering violations under US regulations.
The SEC is no longer going after any of these crypto businesses
under these regulations. Basically at least that that's
my my read on it. So like this, this wouldn't
happen moving forward. And like the reality is like
again, so this is my area of expertise.
I did anti money laundering consulting for U.S. banks and
every major bank has a consent order from the SEC for a laundry
list of all their violations against US anti money laundering
rules. It's just a matter of how big
are the penalties and usually the penalties are monetary.
But like, is it because it was crypto?
It's easier to go after the the crypto guys.
And this is a part of broader, you know, trying to shut the
industry down. It was also a good good way to
get money right like they slapped in then it was in the
massive fine. It was the easiest money to.
I feel like the SEC was going after the easiest cases to make
the most money, right? So that they go after CZ and
like, I guess my point is I don't know that I don't think he
would be getting indicted and under the new SEC.
No chance because they dropped everybody else, right?
If they drop, they dropped everyone.
They got what, $400 million out of OK X recently, though, I
don't know you, I know you guys saw that, OK, except to forfeit
all the fees that they made and from the US traders or
something. Most recently, I think it was
last week, the week before. Oh yes, I do remember seeing
that. Yeah, but nobody was like,
prosecuted, right? Like he went to prison.
Yeah, that's the thing, right? It's like it's very rare for the
heads of these banks. If the violations are bad
enough, there is historical precedent for people to actually
go to jail, but it's pretty rare.
And he wasn't allowed to leave the US.
That was the whole thing, right? Because he lives in Dubai and he
was like, had to stay in Seattle or something, remember?
But so, so those are my thoughts there.
But but you know, Logan, I'm curious for your thoughts, like
does it make sense for like, should we be cheering on the
Trump family, you know, getting deeper into Binance, getting
into acquiring more crypto platforms?
I think it's a different discussion.
I, I maybe have a a differing opinion for most here.
I I don't like that too much to be honest.
This is like one of those things where it feels like the
continuation of the potential narrative of enriching
themselves, right, and their family with the ability to
control policy. And I just like why?
Why keep pushing the envelope here?
Like this is the type of stuff to me that is going to bring
about heightened scrutiny for the foreseeable future.
And I think rightfully so as well, right?
Like how much backroom deal money, crony capitalism,
whatever you're going to call it, right?
How much of that is happening? These types of headlines, these
types of endeavors, that's the type of stuff that's going to
keep that at the top of anybody who's on the opposite side.
These are the headlines that are going to stay at the top of
their you know, To Do List for the foreseeable future.
And if you want things to not be unwound in four years if Trump's
no longer the president, like these are these are the things
that I I don't really want to be taking place.
Like they're going to make enough money as is with their
their current things probably do we need to keep, you know,
putting ourselves closer and closer with personal business
endeavors? I don't know.
I'm not a big fan. I think it's a very fair take.
I don't have a strong stance on either sides, but I I think
Logan makes fair take, has a fair take because what happens
in four years, right? I guess that's the way you're
seeing it. Yeah, I, I mean, you have we, we
don't know who's going to be president in four years.
We don't know which administration or, or sorry,
which, you know, which side of the aisle is going to be have
power or control. And we don't know what the
stance on crypto is going to be. You know, we hope it's going to
be largely positive, but there's a chance if you continue to like
stack up these headlines like this that, you know, a lot of
people read this as Trump getting richer, right?
That that's how it's read by the people who already dislike
crypto. That's the type of stuff that I
just think like you, you're adding little negative stains
that you don't need to add. You don't need to add.
We've made so much progress, so many little positives that,
yeah, are are fantastic. And why, why does Trump also
need a, a stake in finance? You know, why does the family
also need a stake in finance? Like, I don't know, there, there
are like I'm, I'm somebody that thinks there are conflicts of
interest that we don't need to engage with.
This feels like one to me. If you're the president of the
United States, your family probably shouldn't be
participating in deals like this where you directly control
policy that would benefit these deals, you know what I mean?
So that's my feeling do. You view every headline, every
action like this under the lens of does this strengthen the
narrative that all of crypto is a scam or does it weaken that
this is one that kind of falls. You could it could easily fall
into the crypto is is a scam. Trump's just doing this to make
himself rich. So I I do share those concerns
and like the other story that that's playing out now tied to
the to us perhaps, you know, winding this all back in four
years. So the the Dems, the US Dems in
Congress are bashing the stable coin bill.
So I'll give folks a quick background.
So the stable Act is a Republican backed bill.
It aims to regulate stable coins.
This would allow stable coin issuers to operate primarily
under state supervision rather than federal oversight and
reduce regulatory requirements at the national level.
So that's the high level of what this bill is.
The news from yesterday is the Dems are coming out very heavily
against it, saying it's basically going to create a race
to the bottom with regards to regulations, going to get big
tech a huge leg up here, and perhaps even kind of weaken the
US dollar here. So Maxine Waters come out and
says this is tearing down the wall that used to separate
banking from commerce. Stephen Lynch saying this is
going to allow big tech firms like Meta and Apple to
effectively become stable coin issuers and dominate the market.
And Brad Sherman saying there's only one of the ends of the
coins we're talking about, and that is the crypto Bros can make
money from it. It's always like that, dude.
It's see on the flip side, then you have that stuff also.
That makes no sense, right? Like Senator Warren, literally,
do you see what she said? Do you guys both see what
Senator Warren said? No, I missed what she said.
She says that the stable coin bill, right, whatever it is, the
ACT, the genius act. She says this bill would allow
SBF to buy a stable coin company from prison with no
repercussions. And she said the stable coins
provide a boost for the sale of child pornography.
Yeah. So this is just like the kind of
talking points that one side of the aisle is going to hear and
it's going to take it as fact because they don't know the
insurance and outs of what this is all what it all actually
means. This is why we're so divided on
on all these issues. I agree.
And like what was the I'm looking at her name the MSNBC
woman who who did her crypto rant last week.
She started out by saying I don't know anything about crypto
but here's my 4 minute thoughts. And then she just goes out and
compares like Bitcoin to Beanie babies.
Yeah. Was that real?
Yeah, was we? Do we have breaking news here
from CZ? Hold on four.
Sorry to disappoint 444. So breaking news here.
Hold on. I never get to use this button.
Hold on, hold on. I never get to use this button.
Where is it? Fuck See, I don't even know
where the button is because I never get to use it.
God damn it, where there is this just in?
Rogue radio breaking news. Four, CZ denies allegations that
the Trump family is trying to get a stake out of finance.
US four, sorry to disappoint, the Wall Street Journal article
got the facts wrong. Go figure.
More than 20 people have told me they were asked by the Wall
Street Journal and in other media.
Can you confirm that CZ made some deal for a pardon?
They probably ask hundreds of people to have 20 people reach
out to me. In essence, they tried to make a
story to report. Make a story.
In bolt fact, I have no I have had no discussions of a Binance
US deal with, well, anyone. No felon would mind a pardon,
especially being the only one in U.S. history who has was ever
sentenced to prison for a single BSA charge.
Feels like the article is motivated as an attack on the
president in crypto and the residual forces of the war on
crypto from the last administration are still at
work. I am always happy to make crypto
great everywhere, US and the rest of the world.
It's good to see that the Wall Street Journal thinks I should
be pardoned. So I guess that kind of cancels
the entire conversation we had earlier.
Thoughts here boys? Well, I mean this is just wild.
It just shows corruption and what used to be, I think one of
the most well respected, you know, media publications out
there with the Wall Street Journal.
So they're they're trying to find information to paint the
narrative that they want to paint.
If. They want to write the story so.
But this also shows what the risk is right now.
The risk is that crypto is Trump.
And the reality is still huge portions of this country don't
like Trump. And in four years, if the dims
are in power, what does that mean?
Are we, are they going to try to to reverse all this?
Executive order day one. We are repealing every single.
That is non zero, yeah, nobody's talking.
Nobody's really talking about that, but it's something I've
been thinking. About we don't talk about that.
I know, but like can most of these things like Bitcoin
strategic reserve, like can that be wiped day one with an
executive order like to sell literally everything?
I have no clue. I don't, I don't know.
Those are things we should probably know though.
I'm laughing, but I think the reality is I think we need if
you're a bull, I think a few things.
We want to make as much progress in the next 4 years that that
positive things can't just be reversed with executive orders
and BI think we need to do things the right way and and try
not to have like this. And we don't We have to figure
out how not to make it like Trump equals crypto, right?
It can't, it has to be bigger than that, right?
Yeah. I will say.
Yeah, I'm sorry. No, no, you go ahead.
You know, did some reporting back near election time, that
one like maybe small positive here is that with all of the
crypto lobbying which happened, a lot of money was spent, but it
was a bipartisan effort and there were people elected on
both sides that are pro crypto. It's not just, you know, to sort
of pull ourselves away from this Trump equals crypto thing,
Republican equals crypto thing. Like actually a lot of new
people that were elected this year to Congress, both House and
Senate were from both parties, which is a good thing.
And so hopefully in four years, right, there's better
understanding, better education, you know, of course, new
election cycles as well that will continue to push people
from both sides to find a happy middle ground so that right
there aren't those major conflicts of interest that
create those negative headlines. And then, you know, the positive
headlines the other side are are pulled back in a way that it's
not just crypto Bros getting rich as well.
So. Just a small and we're seeing
that with the the D5 bill that is getting bipartisan support to
to be reversed the the bill that was basically.
A lot of bipartisan support. Yeah, that's.
An important clarification of it.
You know, I think also like there's a world where they also
get pilled like the next generation Democrats because you
could argue like Maxine Waters and stuff.
These people are like, they're like a million years old also,
right? No offense, at least a million,
but it's just they shouldn't like I, I don't understand why
we have like such, you know, old people at the helm of
everything. Now look, Trump is not young
himself, but he's surrounded by a lot of the younger folks like
Bo Hines, like a young guy throughout, like taking care of
digital assets, stuff like that. David Sacks is not that old,
right? And he has the actual has real
business experience, etcetera. So I'm just like, I'm I think
there's also the next generation Democrats.
Like look, I know in crypto people were maybe afraid to say
that they're Democrats, right? For obvious reasons, because
also they get attacked on the timeline, which that shouldn't
happen for what it's worth, but. They're in crypto and they're
Democrats, but that doesn't mean they agree with what Biden was
doing, right? I think a lot of people that
were also supporting Donald Trump's for this crypto reasons
were also Democrats that were just against what the Biden
administrations were doing. So there is a world where people
are Democrats and it's totally OK.
It's hard to seize, dude, right? It's just the way the way your
political affiliation and you can be pro crypto and Democrat.
So there's also that world, right, where A next generation
of people comes into place because the future is pro
crypto, The youth is pro crypto, whether they're left, right,
center, right. So there's also that world,
right Logan were like they will be pro crypto.
You can be pro crypto and a Democrat speaking.
Yes, right. I think, I think, and it's
totally fine to be that as well. So there's also that, right?
But anyways, it looks like JD Vance is gaining popularity.
I mean, how's our favorite Bitcoin beta doing, Tyler?
What's what's back in on that? Yesterday, man, the clip had me
dying laughing. Man, you guys got me good on
that one with The funny thing, some people watch the title and
don't look at the clip and they're like, Oh my God, I can't
believe Faroque saying that. I'm like brother, brother, but
I'm here praying for this downfall of this coin.
Not because I wanted to go to 0 because I want to buy some.
So I'm here doing some voodoo and stuff on a GD Vance, you
know, doll, just so I can get like a $20 million entry.
But Tyler looking good. Yeah, hard to buy anything on
blood Moon Thursday until we we see the the blood, but it is
holding up well 40 million it touched 50 yesterday.
Now we're basically even from where we're at on the day.
I I feel like my gut rate is it does go lower before higher, but
I I still share all the feelings that I expressed on yesterday's
show. We actually had kind of a lot of
meme news yesterday. So Coinbase was the biggest
headline delisting flow Giga and what was the other?
Turbo. Turbo correct just in New York
and I I saw some rumors that perhaps this is tied to a
specific lawsuit that is playing out in the state right now.
But Binance also started delisting some meme coins seems.
Like performance matters. That was just from.
That was just from Binance Alpha, not like.
But performance does matter though, because these coins,
usually when they get listed, it's based on volume that they
will make. And if they don't make enough
volume, there is they they get delisted.
Like I think people don't know that.
But that's also one of the like, that's also one of the rules,
right? Sure.
Makes sense and it's like turbo like what?
What? What retail Coinbase user is
going to buy turbo like? You guys know one person that
owns Turbo? Probably not, not I.
And I did like I owned it back in the day.
That traded it quickly when when it first came out.
Probably no more in the in the giga.
My God, look at that. I don't want to do giga because
so many charts look. Like, no, I we're not dunking on
any charts, just giga and let's look at turbo and slow key,
right? Like it's look at all three of
them. But oh wait, that's the wormhole
version. Fuck.
I wrote an article when Giga got the Coinbase announcement, the
listing road map announcement and it it did the typical thing.
It jumped to like 700 million and it's Oh my gosh, it's, I
feel bad looking at it now. And Turbos 150 actually
surprises me. That's like.
I mean Giga and Turbo holding the same line.
Not really but one 14150 both from billion dollar highs.
That's insane man wow. On the other announcements
though, flip side Robin Hood US listing Pangu, Popcat and peanut
the peace. Same with peanut.
I don't know single peanut holder, but let's go look at
all. Three of them, yeah.
I mean, a lot of us traded it, right?
I mean, peanut was an incredible trade.
I I I got out of it before the massive candle up and then it
became an incredible short. Wow, look at that.
That went to 2 billion dollars. Guys.
Let's look at Pengu. Most frothy price action of the
cycle. Yeah, it was what's Pengu at out
of all them, at least Pengu has like a baggage, right that comes
with it like the Penguin community abstract etcetera.
So I think this is bullish for Luca like long term.
I mean, this guy managed to get Penguin listed on Coinbase
Finance in Robin Hood US. So when things pick up, his
thesis is the project. Penguin is the most used gift.
People know the brand. You buy it at Walmart.
When people enter, they go, oh, I recognize this thing, so I buy
it. It's a good thesis.
I like it. Yeah.
I think it's looking like it's starting to put a bottom in.
They just announced the partnership with Shopify the
team is going to keep. I saw that.
Right into main. That was a big news.
I think it starts to get very attractive here.
Yeah, that was some big news. So yeah, listed on Robin Hood.
Love that. Love that Robin Hood keeps
pushing forward, right? Actually, Vlad was at the thingy
right at the summit. So they definitely keep pushing.
The other meme news is a little bit, it's a little bit more on
the AI side. We, we got to talk about this.
I'm trying to pull up the story here.
Bancobot ends Grok's unintentional token creation
spree by Discipline interactions on X.
What a wild headline. I'm I'm sending you the story
here in case you want to pull it up, but basically the devs
behind Beckerbot recalibrated it to stop responding to Grok
specifically. This came after Grok created 17
different tokens. That is fucking insane.
It's not Grok's fault though. It's it's the silly D Jens
pestering Grok telling him to launch tokens him her it.
There's a lot of time back here, Logan.
This is so crypto, right? Like makes a token, makes some
money and makes 16 more. I mean, Logan, what do you make
of that? Yeah, I I actually hat tip the
devs here. This is one of the things where
like it's just enough is enough, you know, like you do have to be
able to find some ground like that Grok and you know, just, I
don't know any other influencers who are like relentlessly
launching tokens in this way. There is some level of consumer
protection that's kind of like necessary.
And that's, this is one of I guess those low lift ways.
I don't know, I, I don't think a lot of people were buying like
the 15th Grok token, but I'm, I'm totally fine with this.
I don't have a good strong opinion that, you know,
decentralization. Like they got to let grok keep
launching tokens like whatever, I don't care.
Like Grok can't launch anymore. And this is this has big
potential implications, right 'cause like this is grok.
So like if this gets up to the ex AI team and maybe even Elon
and they don't like this, right? Like like that could have some
serious impacts. So like, this does feel like one
of those situations to, you know, tread carefully.
Have you guys noticed something about Elon?
He has had absolutely 0 takes on the crypto stuff in the
administration. That's something I've noticed.
I I, I keep forgetting to talk about this on the show.
Have you guys noticed that he hasn't had a single take or
retweet or quote, tweet or comment on the matter?
Not once. He's staying out of it.
I think he did share some he has shared some thoughts on like
Rogan. So like when he does his.
Longer. Yeah, no, but that was meme core
only, right? The casino compared to the
casino. Yeah, he hasn't really been
commenting on on more of the the 2025 era progress or topics.
Maybe he's just staying more siloed.
Yeah. Have you noticed that like he's
like not really talking about? Crypto.
Well, he tweets about DOGE all the time.
Yeah, but it's like it's coded a little bit.
It's coded, but it's like, does he speak to it now from like the
coin perspective or from fact that he likes to doge like he?
No, no, I know I'm I'm extrapolated.
I mean, it is technically coded, you're right.
Like it is definitely coded, right?
But. But I think that's a good thing.
Honestly, I think it's mad at it.
Yeah, I, I know we want these these folks to be like pumping
our bags, but I'm totally fine with Elon not drawing attention
to himself by tweeting freaking tickers or whatever.
No, but like not even the tickers like his takes on like
cryptocurrency or stable, like even like from that he's the
biggest technologist in the world, right?
He's the richest man on the planet.
I mean more from a not from a pump or bags perspective, but
more from like even a tech perspective.
Like you don't really see you see him talk about AIA lot,
right, because that's his focus. It's interesting.
I don't know, I I'm curious, like I want to get him on an
interview. Just ask him his thoughts like,
Hey, what do you think about stable coins?
What do you think about blockchain tech?
Like we don't really see him talk about this.
So that makes me think like, does he even like, does he even
think it's or, but I've heard that they're using blockchain
technology or planning using blockchain really at Doge,
right? Yeah, Big Ball.
That's Big Ball's job to use blockchain technology.
Literally, Big Ball's job is is to use boxing technology to help
fix government spending. I think my my read as Elon is
pro Bitcoin and pro blockchain and I don't know that he really
messes with most of the rest of it.
I guess it's kind of my I got tech.
I mean, actions speak like the words Tesla owns a ton of
Bitcoin, right? Right.
Yeah, that's what I was going to say.
Yeah, you're right, You're right.
Yes, you're right. It's like almost 12,000 Bitcoin.
We saw that yesterday. So we saw anyways, the code
today is wallet. So we're getting guys a few more
minutes. We're not going to go into it
right now, but raffle bot dot XYZ every Monday.
No, no, no, no, I lied Tuesday, Wednesday, Thursday, Friday, So
every day but Monday we give away either crypto punk or
wrecked guy. And you have quite a high chance
to win a crypto punk because it's like 4 1/2 percent chances
of winning a crypto punk right now.
Get a model cheap, right? And so the code is wallet
WALLET. Should we talk about bugs a
little bit real? Quick, I just want to quickly
hit this other meme coin that launched everything is computer.
It's tied to Trump's comments when he got in the Tesla
yesterday. That's a meme coin.
I saw the thing everywhere. So I'm, I'm a little torn on
this one. It's like, I believe that phrase
is going to become the medic and it's probably going to have some
lasting power, but it's not really a meme.
It's a phrase. And so like now I'm actually, I
don't, I don't know if that token itself is going to have.
Yeah. I don't like sentences.
I don't think they work personally speaking.
They work for a little bit of time.
But remember like that tap tap to 4K shit that lasted a whole
like 12 hours. Lock in is the most successful
term thus far. Went to 100 and something
million. It was. 5 I mean 2 days ago was
it 5? It's tough to bet on ones like
this style that I, I agree. I think besides like a a longer
mimetic shelf life. But I think we all understand
that there is like there is a shelf life, you know, and it's
just, it's tough to, it's tough to bet on when that ends, you
know what I mean? The bold case, I guess like
Andreessen made it his BI, I put it in his back.
So like that. Yeah, you can.
You can impact the markets, but yeah, I don't love the ticker.
The ticker's the IC. Yeah, these ones are really
tough, but they are the ones where like you could you could
buy when everybody stops paying attention to it and then you get
that one Andreessen tweet, the one Elon and.
Then you sell an. Example of this, like I don't
know if you guys saw the OR if you've talked about it on the
show perhaps and I wasn't watching the Fortnite dill bits
thing. So Fortnite's like latest
season. I'm not a Fortnite player, so I
might be really botching how this plays in, but they've been
making fun of cryptocurrency I guess in the most recent season.
I don't exactly know what that means, but they basically in the
game I think created like there's a fake token in the game
called dil bits. People made of course a real
token on Solana called dil bits and you know, initially surged,
of course, right away not to anything super high like maybe 5
million or something like that. And then attention faded for
like forever. And then I think Fortnite posted
it again or something like that and it went back to 5 million.
Like that's what this everything is computer token or there are
lots of tokens like this. They have that exact same
playbook, right? They're like initial surge on
the first few headlines, everything dies, but you know
the headlines coming back in some way or another from someone
and then you can sell into that next pump.
Does that make sense like that? I feel like that's a pretty
repeatable playbook for these higher narrative, like higher
headline type plays. Not financial advice.
It is. Sorry Logan, we're distracted
because breaking more breaking news, Abstract token has gone
live for pre market trading. On is this.
I want to make sure this is real because last time a metamask
thing happened it was fake, but Gates is legitimate as fuck.
Yeah, I guess so. So caveat, I have not had a
chance to to deep to Fact Check this or do any due diligence.
But it's gate. It's coming from the gate
account, yeah. Gates is legit but I just want
people to be careful. Abstract ABS pre market OTC
trading is now live. I'm going to text Luca quickly.
Check that announcement thing. I wonder if it's similar in
nature to what that that other platform did with the X1.
You know, where they're just kind of letting you bet.
On it, I'm meaning hold on. I just saw the timeline.
Hold on. Cairo is like spamming emojis
here. Carol, what up?
Hold on. I think he's also a Myriad user.
Carol, where is it? You aping the markets the other
day on Myriad? Yo, maybe, maybe, maybe, maybe.
Is this you sent us this? Is this legit?
I don't want to miscommunicate here.
So So what I know by the way, we met in in Paris and and you
reposted my my clip with you and Luca.
A big, big thank you for that. Again, that blew up crazy Mark.
You got a lot. You went viral.
It was crazy, man. I was in the top 10 on Kaido for
Pengu and I didn't even like take Kaido serious was insane.
But yeah, I actually, I actually on the ABS token.
I mean, it has been speculation for a while, right?
We all thought when when abstract mainnet was launching
that like the ABS token would be the main gas token and then it
was ETH. And what I know I cannot tell
you like from where, but I know some people at other exchanges
that's put it that way that are that have been talking about an
ABS token listing gate. This is confirmation we're going
to see an ABS token hold. On it's fake.
I just confirmed with Luca. Sorry, I didn't mean to cut you.
I just, I just talked to Luca. I said is this real?
It was brought up on my show and want to make sure.
And he said, no, sorry, how? Does Gates?
How does Gates announce something like this this?
Is bad, so I'm sorry to burst your bubble, Cairo, but this is
not real. Crazy.
OK, I'm I'm still I'm still I'm still smoking.
Some hope you that you're going to see ABS at one point.
You will probably you. I am most definitely sure you
will see an ABS token Cairo can. I just ask why, so I understand
that I understand what Lucas said.
Why can't GATE open up their own independent market for abstract
points? This is true.
It's like Wales market, it's no different open.
Up a prediction market? Open up a prediction market on
on Myriad. Is there going to be an ABS
token? Yes or no?
This is a great fucking market. Actually, Sam's, I know you're
listening. We should probably open
something about abstract like that.
That is a great call. We're going to we're going to
open this up. $0.65 per point stage heroes grinders are happy
with that. Think about the myriad guys
betting on USDC multiplying their points and their XP right
now. You guys got to be fucking
cooking on this. Did you know if you bet Miriad
on USCC, you get 100 X multiplier on points but also XP
for abstract? So.
But anyways, yeah Carol, sorry brother, but I do remember you
and I know you're a top Penguin, so appreciate you supporting us
and bringing this to our attention.
We will be seeing this. Fuck I so this could.
This doesn't delegitimize what Gate is doing.
Like Logan's saying, this could be the points.
It is the point. So if you go back to that
announcement for Oak, the second link in their tweet, it's like
very clearly outlined, I think in bullet .1.
OK, so they didn't make a wrong announcement.
They they made it clear that's what you're.
Saying, well, I, I mean, maybe you have to pull it back up.
I can't access it because I don't have AVPN on right now or
whatever. I would turn my norm I was going
to fuck up the stream unless I'm.
Clicking the wrong thing, but I'm pretty sure when you pull
that up it. Said yeah, it's funny how much
attention, I don't know. Everyone is so confused right
now. What the heck is going on?
Yeah, that's I, I guess we'll, we'll keep it for tomorrow
anyways. We're on time, but we'll keep it
for tomorrow. Yeah, I think we keep it for
tomorrow anyways. There is so much going on this
business heating Intel, Coinbase Ventures, the lead base
ecosystem group on Echo platform.
Like there's so much happening, dude.
What on echo? Coinbase ventures delete base
ecosystem ventures or some shit like that.
Oh. Interesting.
Yep, like. I thought we were going to have
a lighter show of topics and then we didn't even get through
them. Hyper liquid to introduce the
20% margin ratio requirements starting March 15th.
Dude, it's nonstop. I don't know, dude, that's good.
We're. Busy.
We're like been busy.