Good morning. Good morning everyone, GMGM and
welcome to another episode of FOMO.
Our today your day is Tuesday, June 24, 2025.
Folks, it was, it has been an eventful start through the week
to say the least. There is a ceasefire on the
table. It's sort of been broken a few
times. Trump is cussing as he's
describing the situation. Meanwhile, markets are
rebounding fiercely. And so we are asking today, is
the war bottom behind us or are we in for more pain?
We're going to break it all down on today's show.
No for Oak, he's out all week. But we got Mando and Logan in
the house, boys. How you doing, Jim Mando?
GM man, I am. I'm doing good.
My birthday yesterday.
I've just been catching up with stuff today catching strays.
Catching strays from rival casino products and and articles
being written it seems things you hate to see but loved your
response. Yeah, well, I woke up after my
birthday check CT, but I'd do some positive tweets.
Well, the shirt is on today. He's taking marriage very
seriously, folks. We've also got Logan on with us.
Always serious. Logan, Jim.
Hey, good morning. I missed the birthday.
I'm sorry, Mando, happy birthday, I belated at this
point. Yeah, I'm 34.
Nice. I I normally tell people I'm not
much of AA birthday person, so I typically default to
congratulations on being old. It's kind of like my little
thing for so Congrats on being old.
Nevertheless, I'm I'm doing well here.
It's extremely hot. One more time market following
in kind today. Indeed, we're we're finally
going to get past the heat. I think in the mid 30s, mid 30s
are great. It's like the body typically
holds up to the 30s. I feel like 40s when things
start to get a little, a little iffy.
That's what that's what I'm saying.
So enjoy it. Hopefully you had a good one,
folks. What are we talking about on
today's show? We're going to start with
Mando's market report. We've got this week.
I response against the US. We got the ceasefire.
Is it going to last? We saw huge moves across majors,
alts and memes on the back of that circle punch more
yesterday, maybe cool enough. It was actually open to red
today. Trump, it's cruising the 80
billion in stables. We had seven at least seven
different corporate treasury announcements yesterday.
Texas is becoming the first state to buy Bitcoin.
The the Housing Authority in the US now studying crypto as
collateral. That was a big one a couple big
raises, one on mega ETH and now one from Polymarket breaking
before the show yesterday. We missed those NFTS and
Telegraph sticker sales. We might dive into that later
today as well. So we've got a lot to cover
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All right and up, if you're ready, let's get into it.
Oh, is that music? Can.
You dig? It GM everyone so yeah we
probably a good day all round feels like we're getting closer
to the end of Israel versus Iran situation Trump has been calling
it the 14 day war. There is a loose ceasefire in
place now. There's been ceasefires before
between is from Hezbollah and Israel, Hamas and and they've
been broken before. The one they do, they tend to
have periods of like just after the ceasefire, both both plain,
you know, to have broken it. And then normally a few days
later things start to like cool down.
So hopefully we've got probably another 2448 hours of they did
this. And then maybe after that it
will it will calm down. I've never seen Trump as
animated as he was getting into the is the helicopter a plane?
Definitely seems like he's not happy at this ceasefire breaking
down. Must must not have slept that
much I imagine over the last few days Trump.
But it does feel as though we're getting towards the end of this,
which I think is is a good thing.
I think on the table now really as if this now turns into a
broader peace process. Remember, Israel, Israel has has
been fighting a mass Hezbollah, Iran, many of them are seen to
be Israel proxies, the Houthis as well.
So if there is going to be a peace process here, I think
there will be an aim to try and do it across everything.
And that might take a little bit longer, but I think that will be
the aim of negotiators for sure here to try and put a bed to
kind of everything. So I think that's it.
I think that will be probably a win for for kind of all sides.
I think. I think in terms of markets, we
had a bit of a rally, but like stocks never really sold off.
So it wasn't really like a a thing that really affected
stocks. The main mover has been oil,
which is down a decent amount. I think you had also other Gulf
nations pumping a lot to kind of Quelvis Trump was saying that
yesterday. So the fact that this is already
over kind of points to the idea that, yeah, oil isn't going to
gap up. I think.
I think it also puts, I think oil is also pricing the idea of
like maybe a wider peace process now after this as well, which
would which would also take it lower.
So, yeah, tough to be tough to be long on oil into the
headlines that we got yesterday. I think, I think I think they're
pretty bad if you if you're looking for geopolitics to flare
up again in terms of macro stuff, there's been some light
indications from Fed officials again that the July, that the
July rate meeting might might be in play.
So it'll be interesting how that develops over the next few
weeks. I don't think it will be, but
it's yeah, let's let's see that they are surging that at least
we will get one odds at least assuming that we'll get one by
September. But yeah, let's see, let's see
how that one unfolds. In terms of crypto, it was
mainly just more treasury headlines.
The biggest one was probably Pomp known for the Pomp podcast
raising 750 million looks like to buy Bitcoin.
There's a weird like corporate structure around it feels like
it's a merger at the same time with another company.
So they're basically raising 750 million to buy Bitcoin, which is
a good sign. And then Texas, Texas coming in
going to buy 10 million Bitcoin, which is pretty wild of a state
of that size, which which you think is quite, quite a big step
change I think in how people will be crypto.
And again just means that we'll see more and more of these
treasury style companies. And I think that's going to be,
I think that's going to be taken very, very positively on, on
macro. I think we just had consumer
confidence, but nothing there will will move the market that
much. We had Tesla come out I think
and, and announced their robo taxes are coming.
So that's kind of taking NASDAQ, NASDAQ car yesterday and today,
but pretty quiet I think overall, overall there.
But yeah, same same trend of treasury companies buying
Bitcoin. Oh, the metaplanic also said
they're going to buy 5 billion as well.
I think so for good measure. So yeah, that's it.
Yeah, the, the corporate treasury stuff was, was wild.
I'll, I'll just run through the, the list that I had for, for my
newsletter. I, I just put it in its own
section. There were so many.
So Pomp announced his $750 million raise Bitcoin company.
We had this company called Sequans Communication.
I think it's a semiconductor company.
They're going to raise 380 million to buy Bitcoin.
We've got this former hedge fund Coral Capital.
They're raising 100 million to, to, to start up AB and B style
treasury company. Sailor.
We, we had his headline 245 Bitcoin last week.
Metaplanet bought 1100 last week.
They now have 11,000 bitcoins. So if folks haven't been
following Metaplanet, they have been.
I think they, I think they're #2 I don't have the data in front
of me, but they have to be close.
Do you know what Metaplanet does?
They buy Bitcoin, no. No, they do hotels in Japan.
Yeah, they have like a Bitcoin hotel.
I, I looked that up a while ago. It's, I mean, par for the
course. They didn't.
They just had failing hotels and then they they pivoted to
Bitcoin. And now they're hotels are doing
better, I bet their stock ones has been doing quite well, I
believe. Yeah.
So what's up? Sorry to interrupt you, Tyler.
No, no, no worries. It is.
That's right. It's like.
A hot they're like the whole the failed Holiday Inn of Japan
decided that they were going to get in involved and buy Bitcoin
and now everyone's heard of them.
But they're like in in Japan, they're probably just known as
like that weird place you once got a hotel in in some rogue
city in the US. That's that's kind of what they
are. Now they're worth 920 billion GP
wise. What's GP wise?
USD. About 150 now all.
Right. So they're not, it's not huge.
So it's like 635 million or something.
It's one way to, to go about it, certainly.
And then Trump media was another one.
Not like it wasn't new news, but they basically confirm their
plans. They're going to do 2.3 billion.
They're also going to do a $400 million share buyback.
So they are they're flushed with capital and they're finding ways
to to use it. At least that seems to be the
the trend there. The the rates move was a big one
I was watching yesterday. So Bauman came out with some
very dovish comments, basically said inflation has been pretty
low and we're open to cutting as soon as July.
And yesterday to the CME odds popped to 23% for July cut,
which was a 50% move. But then Powell came out this
morning and kind of squashed it and said, I'm not in a hurry to
to do anything. And yes, inflation is low, but
we know these tariffs are looming and they can still spike
inflation. So this was actually one of my
questions for you it. Does have everyone had to vote?
So although he has the deciding vote, I'm just trying to put
respective that like it, it probably puts on the card the
September rate card if enough of the members think they should be
a rate cut as well. Yeah, I mean it's definitely
it's heavily favored. I mean we're we're looking at
66% for one, 12% for two. So a massive favorite for a rate
cut September, which I think is the consensus view right now is
that we probably will not see one this summer, but the odds in
July are are increasing. It's still a lot of time.
I think the big one for me. So I'm starting to think of like
what is the next summer catalyst?
We kind of talked about this yesterday a little bit.
If the war is behind us, what's next?
I'm wondering if it's this July 9th tariff deadline so that the
90 day pause that Trump put in. I believe that that comes up
July 9th. And the reality is we haven't
had a whole lot of progress on trade deals.
I think the US got one done with the UK and that's pretty much
it. So.
I think, I think China, I mean, The thing is they'll just
extend, right. If there's, if there's nothing
on the table, like there's certainly been a lot on the
table. It feels like the EU is becoming
the more difficult one, which maybe is expected, but but I
think we'll see trade deals. I just don't know how many we'll
see. I, I, I don't know.
I was thinking about that today, like in terms of the big
geopolitic flare ups, right? Like what could really go wrong?
Middle East is always there, but but there is somewhat of a light
of the tunnel for the second-half of this year that
you could get some sort of a deal in place.
And let's see Ukraine, Russia. I do think that one of the by
products of what Trump just did is that he's he's shown that
he's he's not just a talker. You know, there's before there
was a lot of like he never does anything, you know, he just he's
all talk, right. I do think that with Russia,
Ukraine, you'll get a peace deal as well in the coming months.
And and then you really just left with Taiwan.
I was thinking to myself, I was like, is, is that The thing is
Taiwan the next one? I don't know, I don't know.
China didn't get involved. Maybe maybe they they decide
it's time. That's the only other like
really big one on the horizon, if you don't count like the
horrific civil wars going on in Sudan and and some of the other
African nations at the moment. But that's like the the big one
that would cause markets to to massively flare up.
Let's see how the ads are turning.
So I think a lot of sharper geopolitical experts that I
follow still have China invading Taiwan, as is one of the bigger
items to look out for. I wouldn't call it a favorite
outcome, but they think it's a very real chance of it happening
Now that that's at some point that's not in this year.
They're not trying to predict exactly when it's going to
happen. That does feel like the next
one. So I think we we want to fade
that from a geopolitical standpoint.
I think from a domestic standpoint, it's really just
inflation driven by the tariffs. Like we need tariff deals or
delays. Like I'm trying to think of like
what else goes wrong? Like what throws a monkey wrench
in? This well, there's always
something, isn't there? There's always something, I
don't think many of us saw this coming two weeks ago when
Bitcoin was sitting at 110K and it was at 2800.
I did not see this escalation coming.
I really, I really do start to think about these things.
I'm just like, what is the thing?
You know, you could, you could get a significant terrorist
attack. That's what you could get here.
That that's still on the table. I don't know, in like a Western
nation that I think, I think that that that could happen to
like derail a, a peace process potentially.
I don't know how significant, but like that, that, that that
could be on the cards. And then yeah, like it would
have to be, we've got tariffs, which I, I think we're at Max
tariffs. You know, I think they're
probably going to come down from tariffs.
It would really have to be like a bit of a, it would have to be
rates going higher. I think would be the only thing
that would really scare the market here if 10 year keeps
going past 5%. Now it didn't really scare it
that much. That was the first half this
year. But I do think there's a level
the the US pays three nearly $4 billion a day in in interest
rates, interest payments, just just to be very, very clear
about that. Like that is an absurd figure,
absolutely absurd. Talk about like how much was
given to Ukraine, right? About 40 billion, I think, or
maybe close to 80 billion. That's like a month or two of
interest payments. Like it is absurd how big the US
interest rate payments are right now.
And I think if they were to go up to like five 5% plus, I think
people would be scared. So that, but that's that's my
one I would say to be to watch out for.
Oh, we, we spent a few weeks trying to fix that and talking
about austerity measures and everyone freaked out.
So, so, so we pivoted. We, we, we went Main Street over
Wall Street for a, for a week and people did not like the SP,
the, the S&P following. So now it's back within 1% of
all time highs, but the debt is is going up.
So pick, pick your poison. I'm gonna I'm gonna still play a
game of like because I think people just So what are the
larger single budget items on the US deficit?
I would love to see like just to put in perspective for people
how big this fucking is. So yeah, you spend more on
interest than you do on defence. That is wild.
Yeah. What things cost 30 billion?
This is a this is this is really interesting to see what what
gets spent. NASA NASA costs 30 billion.
So that's a month interest. Wow, the total.
So they want to talk about military aid, right or non
military aid military. The aid budget is 30 billion.
OK. So that gives you a sense again,
like Elon, Elon going in there and being like, hey, we're going
to cut all this this aid to other countries of which like
Pakistan, Egypt, Israel, which other ones get big US, I think
what about the biggest Ukraine, obviously.
Yeah, Ukraine. Jordan, I think gets a lot.
Yeah, this is just wild like. It puts it in perspective and
it's just going to keep getting worse, unfortunately, which in
theory it is also that one of the core theses behind stock
markets going up, Bitcoin going up, it's just an increased
printing. The other headline that I saw is
somewhat related to this, and I don't know if we've talked about
it on the show yet. And I'm curious for, for your
thoughts is the other Fed change, I don't know that this
is going in immediately, but I believe it's, it's happening
potentially soon. Is there talking about easing
one of these bank rules that allows that?
That was if, if it was like tied to how they were doing their
accounting. And as I understand it, it's,
it's effectively going to make it easier for them to buy
treasuries and it's going to loosen credit policy.
So with the ultimate outcome of it driving more liquidity into
the market, am I capturing that appropriately?
Have you been following this? I'm trying to find the article
here. For I mean, that's a, that's a,
that's one way of saying it. I would say the other way of
saying is saying that banks are probably less well capitalized,
which is what happened after 2008.
They're probably. Pitched.
So that's the. You get more credit.
Yeah, this is this looks like a retrenchment of some of the 2008
Yeah, Glass Lewis acts I. Think it's the, the
supplementary leverage ratio we're going to be changing that
effectively looser capital requirements, more lending, but
it it makes, it introduces a lot more fragility risk into the
system. So what what could go, what
could go wrong? So we'll that's another one to
to look out for, I guess as a short term bullish catalyst.
We don't know what it necessarily means longer term.
Yes, short term, yeah, short term easing of 2008 bank
liquidity rules is probably can lead to a bit of a, a bump.
I, I, I wouldn't say it's my favorite time to do that given
the amount of unrealised losses on a lot of these bank balance
sheets right now. Let's see.
You shall see. Indeed.
Notable move in the Fear and Greed index.
I think we're at 37, you know, stay already jumped to 47 and
honestly, that is already it's it's wild how fast that can
shift and you already see it since I've been on the timeline,
I've I would argue it's probably already a bit higher than that.
But like let's look at some of these moves.
So Bitcoin one O 5 four up 3%. It feels like it's up even more
than that. If I'm being bombed.
I mean it was in 90 eights what on Sunday, So up a a solid 7000
from there. ETH is back at 2430 outpacing
Bitcoin on the day Solana outpacing it as well back at
1:45 hype up 4 percent 37. I mean that that dip to 30 was
erased rapidly. That was you.
You had a day and a half, maybe less to to buy that dip.
So clearly the money is waiting to jump in there say was the the
leader. I thought this was just random,
but apparently the state of Wyoming it is looking at
partnering with say for their stable coin.
Do I have the headline right? Logan?
Did you have a chance to to? I did not see that.
That seems really weird, but why not?
Let's pull this up. Say price skyrockets as Wyoming
considers it for a new stable coin.
I, you know, I don't think that's what it really is.
Like if you, if you've noticed that, that, that say was a very
heavily or popular short in the market, I think before headline
came out. There's there's a couple of
others that had like monstrous move yesterday's move, you know,
that token that like they've basically given up on that L1
that had like a monstrous move yesterday.
But this is trading at 1.6 billion.
So if you if you zoom out on the safe chart, it kind of looks
like that, but like it's it's you have some big moves.
Basically. I think you had a big short
squeeze in the market yesterday. Big, big short squeeze.
The top movers were were I think a lot of the the tokens that
that were heavily sorted and I think say is one of them.
I think where did like Tia had a big move as well.
Yeah, feels like. All these charts look the same.
The the the one that I've been following is this.
If you go into hyper liquid, this long hype and long Bitcoin
short everything else, the vaults.
If you go to the vaults, it's become one of the most popular
vaults. I haven't put any money in here.
Oh wow, I've never seen. Short garbage.
Brilliant. Bracing this is now back to 0%.
Last monthly return like this this was doing this was like
crushing it, but he was short a bunch of things that just had a
massive short squeeze basically yesterday.
I I quite like this as a strategy.
I said I've been doing it with certain, with certain tickers,
but interestingly he's short like he's.
Like Yikes, 8 is number 2 on the list. 20X yeah, 20X short.
I'm I'm I'm like long ETH hype Bitcoin and short other things
against that basically. This is an interesting vault.
I from my perspective, I'm not as deep in this as you.
I would like, I would probably cut out like the top eight of
these shorts and maybe go further down like a little bit
more of the true garbage. Like I don't know, I don't
throwing Ethan's soul in here along with the a Bitcoin pump.
So you're basically just betting on massive Bitcoin dominance.
And and hype dominance in alts. That's basically what it is.
Yeah. Which I think is not what I
would be betting on. I I have exactly your thought as
well is that like when I'm looking, I've told you like I
looked at Sui, I looked at on Ondo, I looked at what else have
I been short? Let me bring up my shorts.
To be memes were great shorts. Oh bear.
Oh Yikes, too soon. It's, it's not that I'd like, I
think these, they're terrible. It's just the tokenomics is
terrible, right? Like just some, some of them
just have like crazy tokenomics and it's just really hard to get
the other side of that. What else does that show?
Arbitrum. I'm sure it's an arbitrum.
Yeah, Anyone can create their own basket and then other users
effectively can can choose if they want to play in there.
All right, this is, I've never really done it around in here.
It's interesting. You get 10% of the profits of
the vault, so you basically it's like running a hedge fund but
you keep 10%. Got.
It you have to seed it with an initial amount basically.
So he was doing very well and yeah, basically until the last
week 0 basically got zeroed out. Well, height, height moved down
and then height kind of underperformed on this bounce.
I would say like it's up like I said, I got in like 32 ish, it's
up 10% ish from that low. But like other things are up a
lot more soft as he is short is up a lot more.
Yeah, coming back to some of the other members just quickly,
there was some of the memes, SBX very notable.
I mean, we love Farcorn. I love Farcorn.
Talk about on the show a lot. I think it's somewhat
indisputable that SBX is a faster horse right now.
Like this thing. It went all the way to $1.60,
crashed all the way to a dollar and then rocketed 30% off the
bottom and this was vicious move.
You see with Tyler, I saw that on the board partnered with
DFDVI. See that this morning?
I missed the news I saw that it was pumping with has been also
strong and blunts continues to to bull post the width chart as
well. So it's it's hanging around.
There is a little bit of a curl on this one year chart if I
squint a little bit. So I'm not going to be short
with I'll say Logie, any, any commentary from your side's
reactions to any of the major move, the me move also any we
kind of covered in the first half of the show?
Not not too much additional to add from my perspective, sorry.
I got a dog barking here but I just wanted to add 2 little
things. There was a quote from someone
in an article by at the Crypt that talked about the ping
ponging of headlines. I I just continue to expect that
and then I'm distracted by the dog.
I don't remember the other thing, sorry.
Code for today. Real quick folks, the code for
today will be yeet, so we will do double double giveaways later
today 1515 minutes or so 1520 minutes here I got distracted by
this price action so Bitcoin 1O55 all right so we are we are
moving up nicely here here today so feeling good about that.
I kind of feel like it's slightly a trap here.
I'd be wary. I've seen that that we might be
a little bit of a bull trap. I don't think it's like a full
trap, but like the price action we, that we saw.
I don't know, just be wary, man. Just we had this really big
rally now and it feels like yesterday everyone was desperate
to get the wrist on as quickly as possible.
You can see that with the short squeeze and I think the next leg
of this is probably a leg down and then the good stuff probably
rises to the top. Maybe we have joyful July now,
one less than one week out in the ME market got to talk with
this useless coins a bonk guy. Bonk guy was right again.
He, he's been pulling his own Maraud arc on this useless
token. This thing's at 140 million now
it's up 37%. So from what I'm, what I'm
classifying as this new group of memes, the new soul memes, it's
the clear leader right now. And I mean, man, this thing was
hanging out sub 10,000,002 1/2 weeks ago.
You're looking at a 20X and 18 days.
We don't see that too often these days in this meme market.
So I I found that notable. The Boo Boo has been strong.
Chill house has been strong. There's actually a handful
printing 30 to 50% moves. It also looks like the virtual's
ecosystem has been bouncing back as well as that crypto AI board.
I think crypto AI back to about 9 billion or so.
So some, some signs of life here, perhaps because the pump
token got delayed. I think that's the again, the
overhang. If we get any news on that,
expect some more volatility in the the sole me market.
Checking in on our our favorite stock circle 24249 down 5%.
Didn't know it had red, didn't know it had a red days Yesterday
it hit 300. It flipped USD, CS market cap.
It came close to flipping Coinbase.
I think it I think it may have flipped Robin Hood.
It, it, it was just some some crazy comps out there.
I think a lot has become very popular to to be short this one.
We will see how that how that plays out.
It has been on a a parabolic run, that much is certain.
What I found interesting yesterday we talked about circle
a lot. We don't need to spend as much
time on today was the the Tron. So Tron is seeing what circle is
is doing and wants everyone to know just just how many stable
coins they have. I'm trying to find the tweet 80
Yeah here it is all right. For those in the stream 80
billion in USDT. So tethers USDT surpassing $80
billion, up 20 billion in 2025, just grinding up only I, I saw a
tweet that it, it's been consensus that Plasma is the is
the proxy bet on Tether, but it shouldn't be Tron.
And I feel like where this gets interesting is we know that Tron
is going to IPO soon. I think they're they're doing
stable. Coins.
Because stable coins are the hot thing.
Yeah, but it doesn't mean they make money like I guess they
make money on the fees, don't they?
But it's it's a slightly different business model to
circle, I guess in that they're not making the yield on the
treasuries, right. Tron is a bet on money
laundering and and sanctions. Bet on that.
I think a bet on the East, perhaps more broadly, maybe a
bet on Justin's son. And I think there's also now an
argument to be made to to bet on tethering stables.
So that's it's top of mind for me.
So if if you were thinking about playing upcoming IP OS of all
the ones we know about right now, I think so we got news that
OK, X is spying an IPO Tron, what else?
I think there was another one was maybe Jim and I.
There's going to be a handful of these coming out.
I would say the Toronto's the most interesting.
I mean, it depends on on where they want to come out at.
It's definitely a better better story I think than Ripple.
Ripple's another one where I'm a respect the pump guy.
I'm not not not ready to go short, but by any means it's
because of the the army behind that one.
Yeah, actually that's to be fair.
If Ripple stock comes out, go and help us.
The limit. The limit does not exist.
The stuff that's going to be set on TikTok, it's going wild.
We'll continue to to monitor this sector.
There's, there's clearly the growing cohort of CT who's is
now migrated to just trading stocks and is leaving our
beloved Alts alone. Some breaking news before the
show. More on on the raising side.
So it looks like Polymarket is raising 200 million and
evaluation over 1 billion. So big, big numbers for them.
This comes what just a couple weeks after news of their
integration with X and and XAI. They're going to be the, the,
the prediction market of choice for Twitter.
That was big. And I think what also has jumped
out to me is there was always the conversation of what will
prediction markets polymarket do post election.
And during the quiet times, Polymarket primarily rode sports
betting to keep their daily volumes up.
But now during this the the geopolitical crises, it's found
itself back on top of the timeline again.
And you see more and more folks kind of referencing markets
talking about what's going to happen.
I think Polymarkets X account may lead a little bit too hard
into it the direction that their betters are predicting what's
going to happen. And there's a little bit of egg
on on their face yesterday with some of their aggressive
promotion, but and hard to argue with the success they've had.
And some of these markets saw, I think that one, the leading Iran
one, like would the US strike back one of those saw like 40
million in action so that they're seeing big numbers.
Logan, are there any response? And you're saying yeah on the
Polymarket race? Yeah.
I was just going to say, I mean, you may know it, it's being
referenced more frequently by people that you would
characterize as like legitimate, you know, reporters or analysts,
right. And it's not, it's not seen as
perhaps as polymarket perhaps would like it to be the source
of truth or anything like that. It's a data point, which at at
this point in time is becoming a, a more legitimate data point
to potentially build an argument or, you know, add to an
argument. And I think that's, that's
pretty important because the validity of these markets was
certainly in question, you know, coming into the the election
last year about like, you know, exactly where things fell with
the markets, having Trump, pawn market, etcetera, having Trump,
you know, much higher than perhaps polls did.
So I think it's really interesting.
I mean, a billion dollar evaluation, I don't know what
that means really for this space.
You know, it again, that just that number, it doesn't mean
anything to me at this point in time because meme coins are a
billion dollars, things like that.
It's tough for me to really to feel what that means.
So I, I don't have too much to comment there.
But I, I think this is a space that of course has definitely
legitimized itself. And I still think it's probably
the cycle winner, Poly market prediction markets in general,
the cycle winner from this last year in terms of legitimate
adoption and further growth potential.
You hear the the take a lot like what is crypto brought?
What use cases is crypto brought to to the world?
Right. And like everyone's very oh,
there's the the public take is is nothing or or very little.
I feel like prediction markets is a huge 1 Like this is such an
easy one to point to from the cycle.
And I would agree that they're the the big winner.
As for what this means specifically, one potential
AirDrop, right? I mean a lot of folks do think
there will be a Poly market AirDrop at some point.
I don't know that I have personally a strong read on
that. I feel like they will probably
go the IPO route if I had to, to guess, but maybe they can figure
out a way to do both. But any big raise, I think is
going to continue. They're going to have to be
doing a race. I circled this IPO did with 60
billion like polymarkets IPO. I'll bet a house on it over a
token. So you think no token?
No, why would they do a token? They're basically you're like we
need. A polymarket token market
they're. Probably they're going like
getting insane valuations right now.
Yeah, IPO definitely makes more sense, especially on the back of
this with this recent race probably a little bit further
out. So we we will certainly see, but
big momentum from then I think good for the broader prediction
market space as well. I was scanning the Myriad board
this morning and I think we're seeing some volume increases
over there as well on some of these markets.
So that's been fun to see. Like this Pingu market has been
one of my personal faves. I will Pingu be top 100 the end
of this week and there's been some nice vaults on some action
on this. This was, this was more like a
coin flip and I wrote about it last week.
I think it was number one O 1 on Friday.
It was like $8 million behind the 0 token layer 0 token so.
Now it's back. So now it's, I think it was 99
when I checked this morning. Folks like that the the other
rays I wanted to talk about trying to find a miracle here
was a mega ETH one and this was tied to this liquidity DEX or
GTE. At first I thought it was a game
because of the the promo and there and here we are.
Yeah, GTE $15 million Series A led by Paradigm and they are
dropping a global token exchange there on Mega ETH was chit
chatting with with bread guy. He's, you know, a primary.
I don't, I don't know what you'd call his role at mega ETH.
One of their mouthpieces. He does a lot, he wears a lot of
hats, but we were chit chatting about it.
So this raise puts them by somewhere around 160 million.
Then if you start to do your, your speculation, your fun, hope
you math, if you think Paradigm is looking for a 10X bet,
they're projecting a $1.6 billion target.
And what would that mean for mega ETH?
And then if you're in the camp that mega ETH would be valued
perhaps as a sum of its apps, which I think is, is what
they're kind of pushing the, the message they're pushing for, you
know, versus TBL or other aspects.
So something to potentially consider.
I think the the NFTS, those mega ETH sold by NFTS were at a $500
million valuation. So perhaps those are worth a bit
more on paper right now, but but we'll certainly see Of course
we're going to need some some more apps than a handful, but
this was a big one over there from Maggie.
So we'll continue to follow like to see some action there.
Logan, that the story that we wanted to talk about yesterday
that we didn't get into it, maybe we can revisit it today
quickly was what's been happening with these NFT
projects and these Telegram sticker sales because we're
we're seeing some pretty good numbers here.
Yeah, so Telegram's been sort of leaning into this as a protocol
for a while, but I think the the leading sticker shop launched in
like December or something like that.
And then in January or February, Telegram made its gifts, not
GIF, but gift with AT the little things that you can pass back
and forth. They made those NF TS as well.
So just further kind of integration of the messaging app
and its use and features with sort of the open network ton,
right and the blockchain and people have just definitely,
definitely leaned into it. The board ape one from the other
day, I think was the one that really got this on people's
radars. But there's a whole handful as
you're showing in in the screenshot here, like there's a
pudgy Penguin 1, I think there's an Uzuki 1 and there's a bunch
and the stickers themselves, like they're not going to blow
you away. You're not seeing like absurd
price appreciation on the stickers themselves to the, you
know, twenty $30,000 type, like randomness we're seeing with
NFTS, right? But they're no joke.
I think when I checked yesterday in preparation for talking about
this, like the board 81, the the like cheapest sticker was like
46 ton, which I think is like $90.00 or around $92.00.
Budgies might have been a little bit higher than that, quite a
bit for stickers. But you recall, I mean, this got
some love even aside from this. Remember like Sofamon, right?
Do you remember that that company or not?
Briefly, I don't. I couldn't give you the pitch
for what they did. Well, I think it was very much
it was Telegram stickers. It may not have been just
Telegram stickers, could have been messaging app stickers.
I don't know the exact one either.
And I think they may have launched or done some stuff with
Blast and so perhaps lost in the shuffle somewhere, but I don't
know. I'm this is an Ave. that people
and collections are rightfully taking advantage of it at this
point in time because people want to people want to trade
them. Was that close to 10 million in
volume you had up there? And then, you know, even on the,
this is not sticker specific, but on the Telegram NFT side,
there's some NFTS that have been running up as well in my
timeline from time to time. You see like talk about those
plush Peppes, there's like rumors that Luca bought 1.
I don't remember if that was ever verified or not, but you
know, those had breached, you know, kind of the the five
figure, you know, $10,000 plus thing.
So when things are boring, which they, you know, basically are
right now, you get these pockets of out performance and manias we
saw with ENS, you know, we see it all the time, time, time.
That's what this feels like. I don't know exactly how
sustainable it may be, but this feels like that pocket of just
interest for the time being. So are people, so is there a
secondary market like a sort of, yeah, there are people are are
kind of trading these? Yeah, Yeah.
So they're like bots inside Telegram, just like you would do
with, you know, like a trading bot for, you know, a lot of meme
coins. It's a little more intensive
than that. It kind of like pulls open like
AUI for you to interact with. But yeah, it all happens right
inside Telegram. So I mean, it's really easy to
do should you wish to, you know, experiment with it.
And then of course, like I, I don't send a lot of stickers
really in Telegram, but I know some people who do send a lot of
stickers. And you know, if you're looking
to enhance your chat experience, then I guess it makes some sense
to add some NFT stickers to your cart.
And stickers can be fun, right? Sending memes is is a fun thing
to do in a group chat. I'm looking at some of these
prices right now. Yeah, I haven't already seen
this. So these pudgy and friend Pingu
baby shark stickers are at $764 floor right now that that is
wild. This other, this other Pingu
cool blue is 390 Pingu and next car at 260.
I think my my take away when I saw this is NFT products are
continuing to find ways to monetize 4 years out from launch
at least some of the the bigger ones.
Yeah, the best ones, Yeah. And I mean, not to not to knock
any that haven't done it yet, but like you, you take a look at
this list. It's it's the ones that are
still here, that are still doing stuff, that are still in tune.
I mean, no offense to anyone, I wouldn't say Doodles has the
most die hard community in NFTS and there's they've got a half a
million. But it does have one of the
best, in my opinion, one of the best collections for something
like this, right? They're just like super great
art, super great colors, super great.
So it actually, it makes a lot of sense to me to see something
like that up here. Did I see Klainos around here?
Same sort of mold. Did you?
Full disclosure, that's like my, I don't own any assets in either
of those ecosystems, but I, I love those colors.
So I'm a sucker. For it quick maybe right I'll.
Do. Some wreck.
Ones that's exactly where I was going with that.
I think Wreck stickers could do could do quite well.
Logan, I know you're a doodle fan, so I'm going to share this
for you. I don't know if you saw this the
Doodle O Pepin set. Did you see this one?
Looks like it got to consensus, so this one might go.
You know my, my lone disdain for disdain's too weird, too harsh
of a word is this is a little too close to the you know what I
mean? Like those are a little too
close to the replicas. 2 replicas of doodles in my
opinion, but I love, I love the color schemes and stuff like
that. I actually I really like that
the one of one there looks really really nice.
I'll be honest if if if you show this to me quickly this bottom
right one and asked me if this was a an original digital NFTII
might have said yes. Yeah, it it is fairly close, but
that that pudgy set has done quite well in the O Pepin's.
So I actually I think this one will probably do pretty well
here as well. I think we went through the
list. We got 5 minutes left in the
show. I know we're going to do double
yeet action. That's going to take a little
while. Yeah, that was the end of my
list. So if you guys are ready, maybe
we get into some yeet here. Kodo Yeah, the code is yeet
today folks. You have another minute or so to
to get in if you haven't entered already, and we are going to get
into some spits. Give me one second.
OK. This.
Should work the user boards. All right, let's spin the wheel.
Oh, there is a there's a zoom boom.
Oh. I like the zoom.
Let's zoom. All right, 96 entries.
Who do we got 4? Long run, so I need to really
quickly check. Well, we need to check.
I know they have one some somewhat recently.
Yeah, give me a SEC because I'm on working multiple screens
here. I'll close that and just make
sure we'll do another. I'll spin another one while I
found that up as well for a long run.
So we're going to do our second spin.
Yeah. All right, who we got?
Michelle Gunn, Mitchell Gunn, Michelle Gunn.
I have not seen that handle before.
No, never have I so it was for the long run.
That should be a clean winner there.
Go ahead and request. For the long run, if not we can
see them. Also it's not working today.
Isn't the chat for some reason for the go on the kick chat?
It went down somewhere so we can't but we can still see them
in the in the other side. But a long run is approved.
He did win on the 16th so it's close but he is in.
And then Michelle Gunn I've never actually seen before.
Michelle Gunn, go ahead and request if you're in the space
so we can get you up here. If not, we'll just check that
they're in the kick space, put a long run and Michelle.
Michelle messaging us. In the chat.
Yeah. That's fine.
We're going to do Plinko today for both of them anyway, so as
long as the both on we're OK. Awesome.
So we'll get Plinko loaded up here quickly for the long run.
You're in the space you want. GM how you feeling?
How's it going, guys? Good morning.
Congrats, you're running hot my friend.
Hopefully. What game did you play last
time? It was coin raise, yeah.
OK, All right, well, we'll have some fun with Plinko.
Plinko's still my my personal favorite.
I. Like Plinko?
Yeah. So, Sims, what?
What are we? Are we doing $5 balls, $105
balls? What are we thinking today?
I'm open to it. What do you think, Lance?
What does everyone fancy? We've got 500 to spend.
How do we do it? Yeah.
So, so quickly, you both have banked $500.
You're going to walk away with that at a minimum.
I like the the $105 balls because you get the most chances
for the 5000 X. Yeah, $105 balls.
All right, let me just make note of how much is in the account so
we can count the calculate this up.
So first we'll for the long run we'll go 1st and then Machili.
614.07 right let's go for it then Auto bet 5 dollars 100 all.
Right, so this is for the long run up first.
For the long run, go. Oh, turbo mode go.
Turn the light speed. We're going to be here for a
while. I put it on turbo.
Oh shit, we'll go for it now the.
Next one will be faster. It's not the auto bet and start
again. Is it going to be here in a
while? Yeah, stop the auto bet, stop
the auto bet and then. Just and do it again.
Yeah, I. Don't know how many balls have
dropped, that's all. That's fine.
I turn turbo off. Oh, 69, of course.
Yeah, yeah. Wow.
Don't leave turbo one or off. Keep turbo on.
And go. Yeah, all.
Right now, we're there We go now.
We're back now We're moving fast.
All right. Look here now big numbers 4X29X
there. 4 Another four. Oh, it's nice SO4XS in there.
We know what we roughly 5. 100. Again, he won, Yeah.
So it's. Like he roughly broke even.
So you're going to walk away close to $1000 today for the
long run. Congrats.
Thank you. Not a bad little Tuesday morning
for you, my friend. Thanks for listening, as always.
All right, Chili, I still don't know how to say your name, but
you are up next. We're going to run up the same
for you, $105 balls, Lightspeed turbo mode Sims.
We ready? Oh, I thought that one was going
04 XA lot of four XS there. 999X set.
Why would you go right or left here, go right now?
That one came in a little closer.
So that was a little less probably closer to like a $800
win, yeah. Yeah, something like that.
Seven $800 win. Still decent for both people
though. Like 800 a pop near enough give
out to. Love it.
So we will coordinate both of you after today's show.
As for today, that is going to be it folks.
Thanks. I want to thank all of our
listeners for joining us. I want to thank my coach, thank
our partners. As always.
We will be back tomorrow at 10:00 AM Eastern.
Until then, go make it a beautiful day.
Goodbye.