Another beautiful day to have. A beautiful day.
I got my coast in the house. Tyler Mando.
Good morning lads. How you doing today?
I'm doing amazing man, how are you?
I am absolutely fantastic. You know, before you, you verify
ask you how you doing, Tyler, I just want to make sure you guys
know, do you guys know who you're talking to right now?
Do you, do you guys know who you're talking to, man?
Do you know who you're talking to?
Who? I the the number, the number two
top yapper and #1 fantasy top hero.
This is who you're talking to. OK, please address me as such on
the show please. I would appreciate.
That last last week. You know, so listen.
I was, you know, I had that random.
Oh, the viral meme. I had some viral posts that I
was top of the leaderboard last. Week there you go.
It feels nice, right? It feels now it's nice being on
top Yeah. I just, I just want to make sure
you know, y'all addressed me as such, you know, top yapper.
I didn't say it once last week. So that's that's the difference.
That's the difference. That's the difference.
But you know what, like I'm gonna, I'm gonna, I'm definitely
going to make the most out of my 24 hours of fame.
You know what I mean? I got Jim Cramer, you know,
saying that Bitcoin's never going to hit half $1,000,000
that are on the $1,000,000. I'm pretty sure that's on the
back of the interview too. So you're welcome.
You're welcome. Tyler, how you doing?
Good morning. I'm good.
I'm in the presence of an interview royalty here.
So I'm just I'm just happy to to be on the stage.
Oh man, have. You ever been #1 Tyler.
You would know. You would know if you were
number. 1 You would know. You would know it's a.
Feeling. It's a feeling everyone
remembers. I've been top three.
On Kaito, it's our first. Top three on the Kaito pre TG
board was it? OK, OK.
Yeah, yeah. I don't know, man.
I don't know. We're going to have to, Amanda.
We're going to have to think about this, you know?
Tyler destroys us every week. I know to be fair, Tyler's like
all time. He's like all time top 10 on
Kaido. Like literally like last 12
months. You and I, we have our like 24
hours of fame every other like month and a.
Half Here's a good question though.
Would you rather be a top ten player or be that one guy who
wins a Grand Slam, you know? I'll take the Grand Slam.
I would too, you know. I'm the endurance guy.
I don't, I don't remember top 10 tennis players for the last,
last 20 years. I just remember the old guy who
won a, you know, a major. They said they make they don't
make movies about the guy that was 9th his old career, but they
made a tennis movie about the guy that won this one fucking
royal guy was that one time, whatever it's called.
I saw the movie on the plane. I you know.
What they do, I know. What they do though is they give
them fat air drops. Yeah.
That is true. I'm actually on cattle right
now. In the last 12 months, Tyler's
literally in the top 20 and it's like top ten.
He's above. He's literally at this man.
Tyler what? You have a same mind share as
Michael Saylor the last 12 months.
Feels right. That's crazy bro damn.
No titles. No titles, but no titles but no
titles. Listen.
Now I've got my goals. Yeah, you're you're a PGA Tour
player, but with no majors, you know exactly you're on the tour.
You're on the tour, you know it. Yeah, like Harry Kane, right.
If Harry Kane finally won a champ, A championship, I mean,
Bundesliga with Byron, that's like losing your virginity to to
hook her. But anyways, you're in a.
Documentary but you just you don't you don't actually get the
the title me me and for ogre the stars who refuse to be part of
the Netflix documentary and you're like the emerging story
that they profile throughout the throughout the season.
Oh, my God. What?
Wait, wait. What?
Since when did we decide to just bully Tyler this morning?
That's not nice. All right, let's just stop.
It I could see the pain in his eyes when he realized that he he
hadn't hadn't got the top, the top spot.
Oh my God dude, that's. Funny, I I think about these
types of things, so you know, I want it.
Oh my God, it's OK Tyler, you're going to no fuck.
It's actually wild, though, like I this made me look at Tyler's
title thing and it's actually insane.
I think you have the same mind shares fucking what's his face?
Michael Saylor, which actually I should probably get him next.
You guys that Tyler dad, not Tyler.
This interview was a cook. I was crazy, right?
Yeah, it, it was a good one. I'm curious for your take away
as a guy. I definitely had some takeaways.
I think what struck me was just like how personable he was.
And like he gives like really good life advice too.
Just saying like I, I live a good life.
Like I, you know, it's comfortable.
I get to, I get to spend time with my family and do things
that I care about. And like, I kind of believe him
that he, that he lives this simple life.
He doesn't seem like a guy who's just like out, like, you know,
spending all of his wealth like crazy.
And I think the other thing that stuck out to me is like, there
there's this growing bearish consensus take on broader crypto
that all the builders are leaving and regulators and
institutions who are left. And then you've got this guy
who's top 25 wealthiest man in the world gets out of jail and
he goes right back to work and he's working 6 1/2 days a week.
Crazy. So don't, don't.
You can miss me with that. People are still building.
Yeah, I agree. I actually I found that last
night. He's the 25th richest man in the
world. I had I never because I did my I
know I didn't do any research on CZ when I went into that because
I've been following CZ for like 4 1/2 years now and I'm a huge
fan. So like I know the guy.
So I didn't like Google like CZ live or net worth or whatever
the fuck. I just prep with my team like I
always do before an interview. So that's I was like, yo, let me
check out his net worth. It's 60 plus billion dollars.
It's very unknown his net worth it could be.
Yeah, I mean on Forbes at least, it's like the official Forbes
list man, though they have him as 25th richest man in the world
in the live list that they have. So that's why I'm going per.
But you know, I mean, if Bitcoin goes like let's say 150 K
tomorrow, he's probably jumps like 5-10 spots, right, or BNB
or whatever. So I'm sure it's tied to to
that. Market cap is 50 billion Fifty
and there's just an unknown how much money that's his worth.
As far as I'm aware CZ owns like 70% plus of Binance so if you
think it's worth 100 bill there. You go it.
Probably easily is, maybe even more It's he's he's got a decent
net wealth and then it's unclear how much of BNB he owns, which
is the. Exactly.
The main coin and BNBS. How much is BNB?
Like 80 billion. 89 It's like, I'll tell you, 84 fuck, that's
crazy. So it's $100 billion company
plus an $84 billion token and he's got the most amount of
both. Yeah, he's probably.
He's also probably taken out quite a lot like I can't, I
can't imagine Susie's not worth a a a few bill on the side here
already so. It's $100 billion, honestly,
like it's, it's actually insane. But I like your that was just
saying Tyler, like you think like, you know, you have this
like preconceived notion of the crypto bro.
That's like luxury crazy lifestyle private jets
everywhere. Look, you probably probably
private everywhere. But like at this stage, of
course you do. But he finds private to go to
the see the government of Kyrgyzstan to make them buy BNB
and Bitcoin, which I'm sure we'll get into later because
then he just came in yesterday. But like he was wearing like
just a regular like health watch that was digital watch, like
little things like that was going to BNB buy an ass T-shirt.
Yeah, I mean, like he didn't come in like he can't.
He did come in with like a one like big ass security guy,
right. And some random little like shop
in Abu Dhabi I found like I found this like random like
studio or they do like wedding pics and shit and they had a
studio in there. So actually.
The producers saying that it's 20%, sorry, it's 90% of finance
at the end, so. GPT says he owns 90% of finance.
Wow if. He owns 90% like so I don't know
what coin like finance. Finance surely is worth way more
than Coinbase, way more. Saying like if I go to if I go
to coin market cap, right and you go to exchanges maybe.
Finance worse as a company? I don't even know.
I wouldn't. Even judge it by that like so
Coinbase spot volume. Spot volume is 1.5 billion a
day, Finances is 12. Wow.
Like 8X well as. That under custody at Binance is
160 bill cumulative trading fund is 100 trillion, right and.
They raised a billion dollars even bigger right?
So futures finance does 48 billion a day?
And Coinbase if they really go down the list for Coinbase,
Coinbase isn't even in the top. Wow.
What's Coinbase? Coinbase does 8 so like it's at
least in terms of size here 5 to 10 X the size.
Of Coinbase, Yeah, just 200. And 50 billion to. 500 billion,
I mean, it is the. Biggest, yeah.
Yeah. I mean it is the biggest crypto
company and CZ is the biggest founder in crypto.
Yeah. Here he.
Is the wins 90%? Like you're talking about the
height of the of the last cycle? I remember people saying that
finance was worth 9 was worth 300 billion.
That's what they. Yeah, that makes sense it.
Was and I wouldn't put it past because you know, there's been
some rumours so far this year that that sees he's open to
selling a minority. I mean, he he sold $2 billion to
the sovereign wealth fund of Abu Dhabi.
Yeah, but we don't know what the valuation was.
So no, we don't. So, you know, there's a chance
that this thing is worth 300 billion and and then he's worth
90% of that plus BNB, he's probably in the top.
I mean, richest man alive is worth 400.
How much is richest? Well, 300 billion is Elon 33.
Billion 380 it's. Elon.
Right now is 384. So he's in the, he's in the
conversation. He's in the conversation.
Wow, he's definitely worth more than $60 billion then.
That's fucking. Great.
I would think he is. Yeah, I would think he is.
Anyways, all that to say, this makes Tyler's point even more
like stronger because I asked him like minute three.
I was like, what's your definition of a good life?
And it's like literally just like being in a happy place, you
know, like it's not a destination, it's where you are
now. And and then, you know, he even
said like in prison, it was not about he didn't miss like the
good food or or a good bed, though.
He missed his bed. Is he missed his family and his,
you know, being healthy like that was like, I like this
because, you know, you guys know, I'm on the big like health
kick and everything. And he was talking about how and
he got buff. By the way, I don't know if you
guys noticed compared to his old photos, he's like he's not cut,
but he's like he was like, you know, he's kind of tall.
I was expecting to be smarter, shorter.
I look small like him was like, what the fuck?
And it was good. I'm super happy when I see guys.
I have to say like his tweet yesterday caught me off guard as
fuck. Like when he was saying that,
that's like one of the best interviews ever done that.
Was a big one. Yeah, that was that was the
biggest honor for me. And and this morning he doubled
down. I don't know if you guys saw.
So he retweeted a bunch of stuff.
So the interview fell down. And then he tweeted again two
hours, like a few hours ago, saying the recording of the 15
minute interview only took one hour exactly from entering the
door to leaving. Super efficient.
It's pretty wild. I totally used the last two
minutes to show him by the way, for sure.
I I had him for two minutes like hey, you will I'm building a
production market platform so so I shot my shot, you know what I
mean? But yeah, aftermath super happy.
I'm glad you guys liked it and got a lot of positive sentiment
guys, what do I back this with? Like we just talked about his
net worth. Like what am I?
Who am I supposed to get next? Like it's.
Getting harder. Like how do I back this?
Like my thoughts is Musk and Sailor.
That was my part of my short list.
That was my top 2. Sailor's doable.
He gave me his assistant's number because I met him and he
gave me his personal phone number in DC Musk.
I don't know how I've seen him be like a Michael Dell type like
what do you guys think? Like someone like that because.
He's would be would be a big one.
But Armstrong after CZ, like CZ is like the king.
Of right, right. I know, I mean, but there's not
that many more above. Paolo.
Paulo would be good. Tether, right?
Tether Paulo. Probably doable.
We met someone from Tether in Dubai.
Did you on board him to Marriott?
I tried. Did you guys see a whole
prediction market game? I definitely tried on board him
to Marriott. Trust me, I'm Larry Fink.
Larry Fink. Larry Fink, Larry Fink, Larry
Fink, Paulo Sailor and Musk put it on the record.
That's the hit list. Was there like a boss woman,
like a oh, Kathy Wood could be nice.
Kathy would be nice. Jim Cramer.
Fuck Jim Cramer, by the way. Yesterday Jim Cramer, you know,
like in the interview it said like 500K, then the million for
Bitcoin. That's what he said.
But then Jim Cramer at the same time said Bitcoin will never
reach half $1,000,000, let alone a million.
I'm trying to get the, the, the replay of that CNBC.
I'm wondering if it's because of the interview or not because it
could very well not be, but the coincidence is too.
It's it's crazy. So if someone knows how to
review a CNBC, do you know how to review the Jim Cramer shows
Tyler? Like how does it work?
Like can someone get me yesterday's episode from
yesterday morning? I I don't know where he he
spouts these things off. It was on CNBC.
It was on the show, his morning show.
Yeah, I'll, I'll, I'll try to look into it.
Yeah, offhand. I would love to see if I can, if
I can get that. And then of course, honestly,
like, wait, yeah, if I, if I could get a, if I could get a,
if I could get Trump round two, that would be nice.
Which would be insane. So yeah.
Anyways, yeah, tragic. Be one of the five biggest
characters in crypto. Satoshi.
Wow, CZ second Vitalik 3rd. That's crazy, dude.
I don't know. I was going to be hard to to
beat that. So you guys let me know anyways,
yeah, I would love Kobe too. I I like Kobe a lot.
ANYWAYS, so that's that. That's the aftermath.
It was fun and, and and I love doing that shit.
So that was a lot of fun anyways, who do we got next?
Who do we got next? What do we got?
What do we got today's show, We'll talk markets.
We got a lot to talk about here. Just the biggest FOMC in history
tomorrow, Mando, the FOMC tomorrow markets were kind of
selling off this morning. Typical 30 minute, you know,
fake out Tyler. So we we started pumping with
the show here. Classic.
We'll do Tyler's top 100. I think there's a few things
definitely that we want to cover here and then eat giveaways.
So someone's going to come in and win some money.
And last but not least, this show is The Power.
What? Winner made about 11:25.
Nice. So they hit on Bitcoin coin race
almost hit. Almost hit $11,000, hit on.
Farquin almost hit. Yeah, almost hit Farquin came
second Farquin thing. So that was crazy.
So although you give away, we should do Chrome race again
because it's fun. And the last one I should lead
the show is powered by well connect.
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Mando, tell me what's next? Who is the?
Man. Can you dig it?
GM everyone. So we have had a little bit of a
weaker start over the last over the last two days.
We just had Bitcoin here kind of 93 1/2 K and then there's a
slightly rebound of as we've gone live to like 94 1/2.
Stocks were were weak yesterday, not down crazy amounts, but they
were they were a little bit weak breaking that that really long
winning streak that we had for for for a while.
There has been some light FUD overnight just around crypto in
general. So there was a couple of pieces
out basically pointing to the idea that the potential crypto
regulation coming in in the summer with respect to stable
coins and potentially RW as it was becoming more divisive,
mainly because of Trump being viewed as ingratiating himself
with the space and it being more political.
Essentially. Like it was more difficult for
some of these Democrats who were previously pro crypto to kind of
continue with that stance with what's been going on.
There was news yesterday that Trump's going to do another
couple of dinners with, with, with crypto, I think founders or
leaders. And, and I think it's been
taking this a little bit wrong. So basically Washington is
starting to catch up with basically what we have been
saying that it's starting to not look as good for Trump with all
of these Trump family sort of deals and, and ways where he's
made money from it. So this is now starting to
become a big problem for crypto. I think we were all kind of OK
with it as long as all the regulation goes through.
But now if this becomes the impediment of the regulation, I
think that's that's a real, real issue.
So I think we kind of have to call out a lot of this stuff, if
I'm honest, a bit louder or it could it could backfire.
So hopefully we see maybe less activity from things like world
liberty financial and, and some of the more Trump family
vehicles on this. But there's, there's a lot of
ways. Remember, we had coins
potentially coming from through social, we had ETFs coming from
Trump media. Like there's a lot of ways the
Trump family is going to benefit from this.
And that I think that's potentially going to make it a
lot harder for us to get meaningful regulation in the US
now. And and that's, that's suddenly
become the new narrative. I don't know if it's 100% on
that that's going to be a thing, but it I can imagine Democrats
who were previously pro crypto now finding it very difficult to
to do that so. Well, just now actually, like
really breaking right now. It's happening, right?
So Sandra, who's our White House correspondent on the crypt side,
he tweeted out new I'm at the House Financial Services
Committee plan here on crypto, which Democrats plan to protest
with a walk out crypto related hearing.
Witnesses have been informed that once Dems move to prevent
the joint hearing with AG from convening, Republicans will
pivot to a round table with the witnesses self testifying but
not as part of an official hearing.
And it appears that right now literally 20 minutes ago.
House ranking member Maxine Waters objects to the hearing is
planned. When asked to explain her
actions Reps by Rep style after some moment she says I object
because of the corruption of the president of the United States.
She says specifically she's referring to Trump's crypto
ventures. This happening as we talk.
So now they're going back and forth about must be insane being
in there. So it looks like it's happening
now, like I'm getting live from Sandra Lutz S Underco Lutz 95 if
you want to follow on X. But saying essential counterfeit
of walk out, they should work this out during the hearing is
true to this last minute blah blah blah blah blah blah.
Waters announces Dems are holding a simultaneous hearing
down the hall, the focus of which will be, and that's her
words, Trump's crypto corruption.
And the Dems just walked out. And they're yelling over each
other. See the See the tweet right
before that one. Now Dems and Republicans are
yelling over each other as Dems read out statements about about
the amount of money Trump has made from crypto.
Republicans yell at them to stop talking.
Wow dude, he should be filming this shit.
What he has. Dammit, Trent Tyler, you can't.
I think you can see it on C-SPAN, right?
Yeah, right. Oh, you can, you guys.
Tyler, you were talking about this quite a while ago.
First off, these people are just children, right?
Which is, which is what's so unfortunate about all this.
Like we're they're they're fighting over the deep political
divides versus what is actually in the policy itself, which is
just the state of politics in the United States in 2025 Sucks.
But we've been talking about this for a long time.
I think this was the risk of Trump going so deep into crypto.
I didn't think it would. It would come to light this
fast. And now there's a real problem.
Like last week on the show, when you were gone like I was, we
were kind of going around grading Trump's first 100 days
in office from a crypto perspective.
And I gave him an A, like, putting his personal, like, meme
coin launches aside for that rating based purely on policy.
But now they're so intertwined that you can't separate the
rating. And like, if this bill fails, I
think his grade immediately gets docked like AC.
And now it's like, all right, are we even going to be able to
get anything through? But maybe this is all the bloom.
Maybe we're going to get past this, but this is real messy.
I mean, of course, tread lightly here.
But like here, there's another post by Standard 5 minutes ago
new just before sitting a walk out of the House crypto hearing,
Rep Maxine Waters told me she was poised to support the stable
act. But then Trump's crypto ventures
derail the process. We can she she says we came
close to getting a stable coin bill.
But Trump has been so outrageously brazen with his
ownership of a crypto company is stable coin enriching himself
and his family? Coaxing investors by bringing
them to the White House is just too much to be honest.
Like Maxine Waters is not great either.
I I'm really not a fan of her. She didn't ask me a question
about the current mood in the crypto industry.
Didn't know how much what he's doing can hurt them.
So I mean, she's been openly against crypto forever though,
right? So I feel like that's just
another excuse to go against it. But you guys also make a good
point saying like, hey, is this whole thing getting in the way
of that, right? Because we can't have it.
So I think there's definitely a a middle ground here.
It's pretty damning, right, that that statement that we came
close and maybe they, we don't know that for sure.
We don't know, right? We don't.
It could be an excuse, right? The final hour, but it does kind
of feel like that they they point to a specific deal that
world liberty five took like 2 billion from Abu Dhabi.
I think that's one of the examples that they're pointing
to of foreign investment and Trump crypto company.
And now you got these dinners, which are just like the
outrageous headlines like last night's dinner for crypto
innovators was $1.5 million a plate.
And then you've got the pay for play, top Trump holders dinner
in a couple weeks. So it's like, it's easy to pull
Cole's in this stuff, right? It's easy to see why that this
would make people upset. Like literal like, pay for play.
Yeah, dinners and all these deals.
And where is the money coming from?
Are they buying influence? There's just a lot.
Yeah, yeah. I mean, look, I guess we'll see
where this takes us. I just, I, I could see the
pushback, right? Because tell you've brought up
on the show months ago, you were one of the first people I said,
hey, you were saying, Hey, that's getting very, very deep
into the whole crypto thing with multiple companies.
But I also, it's funny, it's a little hypocritical from the
damn side because they've also literally attacked our industry
like crazy. So I, it's like, I don't know
who to trust type situation. You know, we can only wait and
see. But Mendel also makes a good
point here saying hey, like it let somebody have to ask each
other. Does it get in the way of what,
what we're trying to achieve or not?
So that's quite clearly. Yeah, clearly there's beef right
now. Everyone's been calling it out
like it's just now. If it becomes a problem, I think
people will like I'll probably be able to get through.
I mean, this is a stable coin bill.
This shouldn't be the controversial bill if I'm
honest. Like the I think getting a
stable coin bill is the first of many different bills that
hopefully get through the next one, maybe around tokenization.
And that one was maybe going to be later in the year.
So it would just suck if this now became an issue which just
gets canned, you know, for the next 4 years.
But. The wild card there's.
Enough money, there's enough money in crypto and enough
lobbying. I think that hopefully it
doesn't but like this, is this is a problem?
There's also a chance here that Coinbase is behind this.
So cover that like going go deeper because you sent an
article. I'm sharing my screen here.
It's the crypto article by Sander as well, who's been boots
on the ground ever since he got the pass.
Why America's biggest crypto companies trying to stop a pro
crypto bill from passing Coinbase is asking lawmakers to
pause on passing a standalone stable coin bill that could see
a vote in weeks, causing tensions within the crypto
industry, sources say. Why don't you take us through
that? Yeah, I think the rationale law
here from these sources was that Coinbase thought they, they only
have one shot to get a crypto bill through and they want a
more comprehensive bill than just a, a solely built stable
coin focused bill. So I, I don't know if they have
necessarily problems with with what's in this particular one
other than this like the lack of additional things that are in
it. So what these sources are saying
is that Coinbase is kind of coming out and starting to to
lobby against this here in the article.
You know, we we had the other side.
I think Coinbase came out and said that's not the case.
So it's kind of like, what do you want to believe here?
I mean I'm Sander, I don't think is 1 to just go out and just
make up sources. No, no, I we had this
conversation behind the sees see, he's definitely have heart
sources. We don't we don't cover you
know, I Coinbase 1 wasn't not too happy about this this
article, but source their sources and we do have real
sources. So I, I will die on the self
defending my journalists. You know what I mean?
Cassandra's does a great job and he's puts on the ground.
I mean, he's living in the room right now.
So it's not great. I, I don't like the whole vibe
of like how everybody at first like united to like elect Donald
Trump and like help crypto. And then the vibe in DC, even
when I was there last time was very much like now that we're in
let's it's like each like in French.
It's like, how do you say it in English?
Like everyone for their own, you know, that's the vibe I got from
my last trip to DC. I'm not going to lie.
And this is what I'm starting to see here.
It's like we got in, we got, we all got our foot through the
door. You saw Digital Summit, you have
everybody by the end of day, they're all competitors at the
table, right? Like Cracking and Coinbase and
Binance and then Circle and USDT.
These are competitors. There's a lot at stake and a
short potential time window to try to try to get all this
through. So.
There's a lot up in the air. Maybe we'll we should know by
Thursday. If this is.
Through or not, so it's coming to a head here.
I hope these companies, you know, and I'm sure some maybe
this our video or show will make it to them or whatever or maybe
not, but definitely that article did make it to them.
Let me tell you that. So I I really hope they realize
that like they could get in the way of the broader crypto space
if we don't unite all the way. So hopefully this does not
happen anyways, Mandel tomorrow's FOMC.
So we'll we'll talk about all that stuff to I guess tomorrow
morning on the show. We'll see.
But Bitcoin strong 94.3 it bounced from this morning's 93
ish salon is at 143 E 1775 and our Farquine still at 1:10.
So I'll take that. I'll take that and that and
we'll see where that goes. Tyler, let's go into your topics
and see what you got for us today.
NFT and crypto analysis. Tyler T on FOMO our cause the
kids can't. Yeah, crypto majors have been
lagging this morning, while gold jumped 2% back to 3400 to retest
its local highs. We got Bitcoin at 94 four here
live this morning. Those Bitcoin ETFs, they saw
another massive day of inflows led by Ibis.
So we are seeing a continued streak of a huge amount of
capital coming into those ETFs. We just talked about Senate
Democrats trying to delay the Genius Act stable coin
legislation due to concerns about President Trump.
President Trump's financial interests.
There is a newly craft crypto market structure bill floating
around the House that would end the SE CS oversight over most
crypto assets. And there's more to it than
that. Similar scientific another
company, they purchased 167 Bitcoin yesterday.
They're now up to 340 million. Bernstein analysts purchasing
$330 billion in corporate Bitcoin inflows by 2029.
Pretty big number there. Florida unfortunately became the
latest state to withdraw its Bitcoin strategic reserve bill
CZ buy it. In his interview, Throat said
Bitcoin could go to 500K or 1,000,000 a cycle and also
called for the crypto market cap to go to 5 trillion in 2025.
So that's a lofty target. Metallic proposed reducing the
Ethereum networks complexity to make it more accessible and
maintainable and more like Bitcoin.
So perhaps a a reversal there. I think that Petra upgrade is
set for tomorrow. Ripple announced $25 million
investment in US classrooms. Vanek filed for the first ever
B&B spot ETF, while CZ again is out pitching the sovereign
wealth funds. I think B&B is a part of that
pitch. So that's actually a pretty
interesting ETF. Kenyan High Court ordered
Rollcoin to delete its Citizens biometric data within seven
days. So some global pushback against
the iris scanning etoro filed for an IPO seeking to raise $500
million in a $4 billion valuation.
And then D5 development. Previously Janover, they
acquired another 72 million of Solana, the acquisition.
I think they've got 400,000 Solana now.
So they're building quite the corporate treasury.
An AirDrop. In protocol news, Buybit
announced stocks, indices, oil and gold will be tradable on its
exchange soon. Bear chains boy Co rewards
unlocked today. Athena is bringing its USDE
stable coin to hyper liquid and then AIMI What is AIMI Amy, He's
the first ever agentic AI prediction market integration
with Myriad with more employment today.
So look out for that one. Memes, the meme leaders, they're
kind of just red everyday I check for the most part so
they're red chopping this company.
Freak Technologies announced plans to raise $20 million to
acquire the Trump meme coin, which I thought was interesting.
And then it dumped right the stock.
Yeah, it bumps, but then it it dumps.
There's chatter of MOG penetrating San Francisco tech
bro culture, so look out for that.
I want to talk about that after. Frog boys and then breaking
before the show moon pay and secco S flow have partnered to
add ordinals and runes trading via Apple Pay PayPal.
You know your financial onboarding of choice, so moon
pay, you know, helping to try to save or ordinals, bags and pops.
Pops coded. What's our pups at?
You don't even want to know. Fuck it, I'm checking Bitcoin
puppets point O3. The rooms are at 17,000,000.
Dude that shit is so busted honestly, like I should just
like sell it all and like buy a watch or something you know what
I mean? I thought about it last night.
I was like, I can literally just get like a really nice watch and
just call it a day and then I can look at my wrist to remind
myself how stupid I am every time I look at the time.
You know, like I have enough to buy another Protect Philippe and
I can just be like, you are fucking dumb.
You know, by looking at it for being up like $1,000,000 on that
stuff at some point. Anyways, lot of fun stuff to
talk about Tyler today. I like bias.
I'm going to go to the MOG news first because I thought it was
fun and it does make for a great segment.
You know, I know we got intern listening.
So I was talking to the MOG guys yesterday because they brought
this to my attention as well and I'm seeing so Nate Esperaza, so
Esparza, right? He's the ads product at X and
he's just been tweeting about mug all the time and since you
like E acting, but they're going with the mug act.
So like ever since this Gork stuff that we covered yesterday
with Elon putting the muggles on and we talked about this
yesterday, Does this like really funny movement of these like San
Francisco guys, you know, entrepreneurs and, you know,
employees of like big tech companies switching their PFPS
to this and then talking about being mug acts.
Look at this. He goes, I don't know which
community is stronger, the vibe community or the MOG like Tyler,
what's going on here? I these no matter what happens,
these MOG guys, they constantly manage to to like make the
timeline about themselves. I really didn't see the the the
next chapter of Mog lore being San Francisco tech Bros and and
coming from Gork, the latest AI agent on Twitter.
But but here we are. Yeah.
I got to be honest, this makes me much more interested in Mog
like this. This could be something that
that drives the next leg up. We're not seeing it yet.
Mog up 3% on the day or 7%. All right, so it's up a little
bit more, but still far, far off highs.
But this is the type of movement that could kind of re catalyze
the bass, get some new new blood in the mix.
Yeah. That PFP looks good, I like
those. Long.
Accelerate that. That is a good.
That's a good tagline. And they all change their PFPS
Honestly they made me one. I may change my PFP.
The thing I like my Penguin but I think they made one of my
Penguin too so it's cool. I have to say it's I don't know
man, what are their like big San Francisco like they there was a
list of them that switched their names.
Nate the net guy is a proc leader and the Co founder of
replit. It's a bunch of other people
that changed their New Year's name.
So I don't know. They're definitely good at mine.
Strip stuff. Tyler, what else is going on
here? Yeah, let's see.
And we kind of talk about the moon pay news.
I don't know, there's a whole lot to unpack.
Just easier way to buy rooms and ordinals temperate Wizards are
hanging out OK, they're like .18 Bitcoin.
Everything else is down pretty substantially.
Dog the room is still 250 million, which is enough to put
it like in the top 10, but also not not catching a whole lot of
love and everything else has been pretty rough out there.
Metallic news with ETH has been pretty interesting and I think 1
to kind of start paying attention to as we think about
like what are the things that could kind of galvanized the
Ethereum base. So basically he's kind of come
out and written a new blog post saying that he thinks the
Ethereum protocol is getting too complicated and he wants to fix
it. He's calling for a radical
simplification of Ethereum's core protocol and his long term
road map proposes reducing the complexity of a piece layer and
its consensus mechanism, its execution engine and developer
tooling to make it Bitcoin in simplicity while still
preserving some features like flexibility and scalability.
He pointed some some features of the current design like epic
slot shuffling, sync committees is being too intricate and that
makes it harder to maintain harder to onboard new devs.
I think he made kind of an analogy that a a high school
level programmer could come in and understand the Bitcoin code
base and how to program, but it's much harder to onboard into
Ethereum. So it's a pretty, it's an
interesting pivot here, right? And I think it's one that users
could empathize with. I think part of the problem that
we push back on against Ethereum and why Excellana has the lead
with retail is ease of use. And it feels like if there's a
way to simplify, abstract away a lot of this, it could be very
well received. So I don't know if there's, you
know, immediate impacts or takeaways from this, but it's
something to watch, right? As we look at, there's growing
chatter that Ethereum is kind of moving the ship and it's a big
ship and it's going to take time to to really put it on a new
course. But it does seem like they are.
They are actually thinking about it and trying to chart out what
that course could be. OK.
I mean, I guess it's a move in the right direction, right?
Yeah, I think you got to be rooting for it, hopefully.
I'm seeing a lot of people talking about long and nice on
my timeline and I'm really scared.
Like all the I thought trading Lord saw a few other people
talking about this. I don't know, are we long and
nice boys? What's going?
On. I think the, the problem with it
is there's been, no one's had any rationale for doing it other
than it's oversold. The Bitcoin ratio is too low.
But now, like if you can start to point to things like, oh, OK,
well we're, we're going to simplify ETH, like we're going
to change the the protocol and you can have a little bit more
meat behind your thesis there. So where is this?
Let me see, is this here maybe the?
Yeah, the simplified mathematical model that shows
when to move to stage 2? Interesting.
He was just fairly technical and no.
I need someone to explain this to me like in the NBA terms or
something, you know, so we'll see.
The code today is myriad, but I might see that it's expired Sims
maybe double check in case because I think wrecked used it,
but it's someone said, but it's myriad Riad Myriad MYRIADMYRIAD
is the code today. Reminder, you.com, you have to
sign up using the FOMO hour rifling and you have to place a
bet. We noticed that over like 50% of
people hadn't placed the first bet on FOMO on the on Yeats.
You have to make sure that you place that bet in order to be
eligible to make some money. And we pick a winner every
single day. Anyways, Tyler, what else you
got for us today? I feel like there was a lot to
talk about. Yeah, I think the B&B ETF is an
interesting one. Yeah, I saw the Vanek stuff
right. In, in combination with your
recent interview with CC, I think Vanek is the first company
to have filed for a spot B&B ETS.
This is the first one. I think they got some pushback
for this. But what's interesting is we
know that CZ is like actively having conversations with
sovereign wealth funds and countries across the globe.
And talking to them about how to invest in crypto.
And I think he's pitching Bitcoin.
I think he's also pitching B&B in some of these conversations,
right? And if he's going to be in the
ear of these fun leaders and leaders around the world,
leaders around the globe isn't pitching B&B.
That's an interesting, that's an interesting question for for me.
So I think that's going to be 1 to, to watch.
I don't we, we won't be getting approval, I'd say like anytime
soon, right? Just add to the laundry list.
And there's been so many ETFs pitched this year.
I think a, a few of the latest wave just got delayed just
because Paul Atkins, the new SEC chair, he's got a lot of those
plate. He's like 2 weeks in.
So not expecting any of these approvals to come super soon.
But B&B is in now and I think it's got about as strong of a a
case for inflows as any of them do.
So I think that's going to be 1 to pay attention to.
Yeah, it's. So can I ask why this one was
controversial? But like every other ETF and
their mom's is not controversial.
Like can I just ask why? I'm just any curious, like why
is this one specifically controversial?
Because I did see style on my timeline and I was like, I don't
know, I was kind of curious. I guess just tied to this
finance, I mean, CZ was in prison, you know, for, for AML
violations, right? People just think maybe they
they align it more with scams, rightfully or wrongfully, but
that's perhaps the part of the stigma that's out there.
Yeah, I don't know. I saw Eric Balkuna's tweet this
morning saying a lot of people slam Vanag B and BS yesterday.
Finally yesterday. Crypto and crypto crime is no
joke. But again, if you heard CZ speak
last week, he said he's advising multiple governments on
establishing crypto reserves and look like he's advising BNB to
be part of the reserves. In my, in my opinion, maybe
that's what caught Jan Vanek's attention and acted on it.
Again, just a theory, but it's pretty damn logical one because
I don't know if you guys saw that, but he just went and met
with like the leader of Kyrgyzstan to talk about Bitcoin
and BNB reserves. So I guess we'll see.
Yeah, we will see. Other than that, like I don't
know, there wasn't a whole lot like a A protocol news.
There wasn't really a whole lot of stuff out at the risk curve
yesterday in the AI space. Virtuals keeps messing around
with this points program. You see some chatter about that
this virgin point system. I think what's striking to me
about their points program, and I'm going to flood it and I
think our commenters, I'm 1. I don't hold back on my Virtuals
FUD. Everyone's talking about this
point system and like the returns they're getting on these
new agent trades. And I haven't seen anyone talk
about like what these agents are doing.
So to me, it feels just like AAI meme coin launchpad versus like
an AI agent launchpad, which is fine.
That's what it is. Just acknowledge that that's
what that's what you're, you're trading on a, on a daily basis.
Because I haven't seen anyone really talking about the tech
coming out of any of this. And it does feel like kind of
the, our, our crypto AI space is still kind of been like a
transition period. What's what's going to come out
on the other side of this? And we've got more big players
throwing their hats in their ring.
Visa and MasterCard are building rails for AI agents.
You've got Tether, you know, announcing Tether AI, so big the
biggest players in the world are, are, are going to be
building. I think it's still very unclear
what our near term future for those who've been in like the
crypto AI weeds for the last year, like what that's going to
look like. I have no idea.
Yeah. I don't know Amanda, you still
buying Tau? Yeah, yeah, I am, man.
Oh, he likes to still own it. Still own it?
Maybe that that's what I don't know.
I don't know my I don't. I have nothing in the AI
personally speaking. Yeah, fart coin.
Yeah, but I kind of I like I, I don't see the eye anymore.
So it's like it's just for me, it's like the biggest meme now.
But I do still have my fart coin position, I guess.
Wrecked. Wrecked.
Yeah, we're going to throw Wrecked.
The reggae, I mean, they, they got the I mean, look at this.
I mean, Ovie sent us this screenshot in the chat just now.
Tagged you, he said. Your favorite pattern.
What? What a comeback, boys.
I'm high. I have a lot of this shit, dude.
I, I'm a big older wreck. So I, I'm not, I'm not.
This comeback feels good to me, you know?
It's gorgeous. I've been kind of saving this
one because the the launch is tomorrow public sale.
Oh yeah. I think we got more insight.
They they announced sales price the the time.
So you will be able to order during your wreck cases
tomorrow. I think you're going to get
drink points. You're going to get abstract XPS
for that as well. I think they're going to, but
the last round of cases they sold were incredibly plus Eve.
I forget the exact multiple, but depending where you sold, like
anywhere from three to 5X. Like right out of the gate it
was, it was at least A2 to 3X for whatever you invested in the
cases. And that rec chart looks good,
just closer. I've been buying, I've been
buying the debt, so I've been building up the rec position,
but I I like it. Yeah, we'll see.
He's cooking. I saw Mendo's rec rants that
someone clipped the other day was good, so everybody's fine.
Got to give it a pitch, don't we?
Did the the the apple flavor is good.
They were did every single fucking event in Dubai was
serving rec drinks. I'm not kidding.
I went to the supercar rally, drove into the desert in Iraq,
like northern part of Dubai. They had like part of the gift
bag you got was like hats, all that stuff.
And then two wreck drinks. Then the event that we partnered
with, like the whole Big Bang event, Nova, there was wreck
drinks, the magic eating thing, there was wreck drinks.
Our event there was like there was wreck drinks everywhere.
And Novi came. I spent for 36 hours, came to a
party. He can't deliver, right drinks
like there was they were everywhere, right, because they
they had this opportunity to like dominate like nobody went
and made drinks in this industry like in crypto, right?
Can you think of another company doing drinks?
I don't think so, right. So like, you know how like Luca
dominated the plushy game and everybody tried to do plushies,
but like pudgy still on top. He's just dominating the drink
space. Took a smart.
He was sharp. He's great at permeating these
events. I mean, that was one of my
bigger takeaways from Miami. It was wrecked, was everywhere.
It well, it was even more everywhere in Tolkien, which is
crazy. Yeah, yeah, even more.
And that's on the other side of the world.
Like it was every single I was shocked.
I went to this car rally with this sick ass hotel.
I look into my bag, there's two wreck drinks, you know what I
mean? I was like, what the hell?
You know what I mean? And those people are not web
three. Like more more than half the
people that were at our at that event were not web three people.