1 00:00:00,200 --> 00:00:04,480 Good morning everyone and thank you for joining us. 2 00:00:04,480 --> 00:00:10,880 Welcome to another episode of Four More, episode 192. 3 00:00:10,880 --> 00:00:14,800 Can you believe it folks, today is Tuesday, September 3rd, 4th. 4 00:00:18,040 --> 00:00:21,560 It was an amazing Labor Day weekend in Chicago. 5 00:00:22,400 --> 00:00:25,680 Sun was shining, it was 80s and sunny. 6 00:00:25,680 --> 00:00:28,400 A little bit about a touch of fall weather. 7 00:00:28,400 --> 00:00:32,920 Just an absolute gorgeous one here in the Windy City. 8 00:00:32,920 --> 00:00:35,800 And then I spent a decent amount away from the screens 9 00:00:36,120 --> 00:00:37,680 celebrating my daughter's 4th birthday. 10 00:00:37,680 --> 00:00:41,120 That was a big one. Came back catching up and it's 11 00:00:41,160 --> 00:00:44,240 it's wrecked timber rectimber all across the board. 12 00:00:44,240 --> 00:00:47,760 I'm sure we'll get into it on today's show. 13 00:00:48,040 --> 00:00:52,800 No faroque folks still out gallivanting around Asia, but 14 00:00:53,040 --> 00:00:57,360 we've got Mando and Logan on with us here today. 15 00:00:57,840 --> 00:01:00,480 Mando, Jim, how you doing? How was your weekend? 16 00:01:02,960 --> 00:01:04,440 Yeah, I thought we didn't speak yesterday, didn't we? 17 00:01:05,880 --> 00:01:07,080 Everything's great, man. How? 18 00:01:07,160 --> 00:01:11,520 How are things for you? Very good son's first day of 19 00:01:11,520 --> 00:01:13,240 kindergarten today. So that was a big one. 20 00:01:13,240 --> 00:01:16,120 We got him all all dropped off and ready to go. 21 00:01:16,120 --> 00:01:19,560 It was fun having him home. I was running daddy daycare 22 00:01:19,560 --> 00:01:22,080 along with the show duties here the past few weeks. 23 00:01:22,080 --> 00:01:26,000 But it's nice to nice to have him back in school. 24 00:01:26,000 --> 00:01:27,520 But it was it was a nice weekend. 25 00:01:27,840 --> 00:01:30,880 Excited for him and my daughter's back up and running 26 00:01:30,880 --> 00:01:33,600 as well. Logie, Jim, how are you doing? 27 00:01:34,320 --> 00:01:35,920 Good morning. Yeah, I'm doing well. 28 00:01:36,120 --> 00:01:37,800 Weather was perfect here as well. 29 00:01:38,640 --> 00:01:42,400 Not much going on in the market, so OK to disconnect for a bit if 30 00:01:42,400 --> 00:01:44,960 you're up for that. Excited to hop back into it 31 00:01:44,960 --> 00:01:47,960 though. Are you following the US Open? 32 00:01:47,960 --> 00:01:50,200 Have there been any big surprise of. 33 00:01:50,200 --> 00:01:52,320 Course you're I'm following the US Open. 34 00:01:52,400 --> 00:01:55,280 There have been many big surprises over the course of the 35 00:01:55,280 --> 00:01:57,680 last week. Carlos Alcaraz out in straight 36 00:01:57,680 --> 00:02:01,000 sets, Djokovic out in four sets. It's been wild. 37 00:02:01,640 --> 00:02:04,800 But we're we're running into some real good tennis here for 38 00:02:04,800 --> 00:02:07,240 the duration of the week. It's it's a good time to be a 39 00:02:07,240 --> 00:02:10,639 tennis fan. American Tiafoe. 40 00:02:10,720 --> 00:02:14,080 Am I saying it right? How's he looking with some of 41 00:02:14,080 --> 00:02:18,600 the the bigger dogs out? OK, his draw's OK. 42 00:02:18,600 --> 00:02:22,040 He's going to miss Sinner, which is huge. 43 00:02:22,360 --> 00:02:25,240 So he plays today, later today against Grigor Dimitrov. 44 00:02:25,760 --> 00:02:27,400 Chance to make the semis again, Yeah. 45 00:02:28,000 --> 00:02:30,360 All right. That will be a big one, folks. 46 00:02:30,360 --> 00:02:34,120 What are we talking about as we recap Labor Day weekend in the 47 00:02:34,120 --> 00:02:35,840 markets? We're going to start with Mando 48 00:02:35,840 --> 00:02:38,640 Report. Wreck Timber is here. 49 00:02:38,640 --> 00:02:42,480 We've got Pump Fun hitting their $100 million revenue mark and 50 00:02:42,480 --> 00:02:44,840 spawning a new competitor, Ethervista. 51 00:02:44,840 --> 00:02:47,120 What the hell is Ethervista? We'll talk about that. 52 00:02:47,400 --> 00:02:52,760 FT XS $16 billion bailout package is coming in Q4. 53 00:02:52,760 --> 00:02:55,920 What's that going to mean? We've got base adding 3 million 54 00:02:55,920 --> 00:02:58,960 users per month. What is going on there? 55 00:02:58,960 --> 00:03:02,120 We've got X copy and egg leading the NFT board. 56 00:03:02,120 --> 00:03:06,360 Some actually some some some of the big NFT weekend records 57 00:03:06,520 --> 00:03:08,040 actually looking pretty good as well. 58 00:03:08,040 --> 00:03:11,880 We got Zynga, they got CTO over the weekend, and we've got 59 00:03:11,880 --> 00:03:14,880 predict dot fun going Live Today. 60 00:03:15,240 --> 00:03:17,120 We're going to talk about all that and more. 61 00:03:17,120 --> 00:03:19,240 Plus we've got the roll bit spins at the end of the show. 62 00:03:19,240 --> 00:03:21,280 So make sure you stay tuned for that. 63 00:03:21,280 --> 00:03:24,240 As a reminder, retweet the spaces, follow all the hosts to 64 00:03:24,240 --> 00:03:27,760 make sure you are eligible. And then shout out to our new 65 00:03:28,720 --> 00:03:31,520 Galaxis. Galaxis is a no code Web 3 66 00:03:31,520 --> 00:03:35,200 platform that empowers creators and communities to become owner. 67 00:03:35,640 --> 00:03:41,120 Check out at Galaxis XYZ on X or Twitter. 68 00:03:41,120 --> 00:03:44,320 We are very excited to have on board. 69 00:03:44,440 --> 00:03:48,960 Well, all right with that with and let's get into your market 70 00:03:48,960 --> 00:03:56,120 report. Who is the man Macro daddy of 71 00:03:56,120 --> 00:04:00,760 the land? Can you dig it? 72 00:04:02,200 --> 00:04:04,160 GM, everyone. So yeah, it was Labor Day 73 00:04:04,160 --> 00:04:07,840 yesterday. You, everyone else was at work, 74 00:04:07,840 --> 00:04:11,360 it seems like, but crypto had a little bit of a stronger day. 75 00:04:11,360 --> 00:04:15,440 We'd had, what was it, 9 straight days or eight straight 76 00:04:15,440 --> 00:04:19,120 days of down in Solana, Bitcoin had gone all the way down to its 77 00:04:19,120 --> 00:04:20,680 lowest point in the last two weeks. 78 00:04:20,800 --> 00:04:23,400 Looks like Tyler has frozen slightly, but no, you're back. 79 00:04:24,400 --> 00:04:27,400 ETH had gone, has been slightly outperforming. 80 00:04:27,400 --> 00:04:29,920 Actually ETH had been doing slightly better at least the 81 00:04:29,920 --> 00:04:32,160 last few days. It feels as though we had a 82 00:04:32,160 --> 00:04:34,080 little bit lower today. Stocks, stocks have opened a 83 00:04:34,080 --> 00:04:36,360 little bit lower for to start the month. 84 00:04:37,200 --> 00:04:41,240 I think a lot of people are expecting a a weaker month here 85 00:04:41,280 --> 00:04:44,160 for crypto. It seems like that may be well 86 00:04:44,680 --> 00:04:50,280 flagged just because of the the previous correlation to weak 87 00:04:50,640 --> 00:04:52,760 September's. I don't know what you read into 88 00:04:52,760 --> 00:04:55,080 that, but it feels as though people are positioning for that. 89 00:04:55,080 --> 00:04:58,240 At least we started today with open interest going higher, 90 00:04:58,640 --> 00:05:00,720 everything kind of staying at the same price, which normally 91 00:05:00,720 --> 00:05:02,720 indicates that shorts are being added. 92 00:05:03,400 --> 00:05:06,520 Open interest is, is, is creeped up quite a lot as bitcoins gone 93 00:05:06,520 --> 00:05:09,400 down from 63 K to to kind of 58 K. 94 00:05:09,400 --> 00:05:14,560 So maybe we're still in room for a short squeeze, but I don't 95 00:05:14,560 --> 00:05:18,400 know about the market here. I have to say that I've been I, 96 00:05:18,520 --> 00:05:20,400 you know, I've been in jail P for a long time. 97 00:05:21,240 --> 00:05:27,760 I have been slowly considering moving that position basically 98 00:05:27,760 --> 00:05:32,960 back into Bitcoin just because I feel as though I'm most bullish 99 00:05:32,960 --> 00:05:35,840 about Bitcoin right now and I'm a little bit unsure about 100 00:05:36,640 --> 00:05:38,880 activity. It feels as though activity is, 101 00:05:38,960 --> 00:05:42,200 is we need a new Ponzi really for everyone to get really 102 00:05:42,200 --> 00:05:45,320 bullish on and that seems to be drifting away with meme coins. 103 00:05:45,960 --> 00:05:50,000 And I just, I think it might take a little bit more time for 104 00:05:50,000 --> 00:05:52,880 that to like that craziness to come back again. 105 00:05:52,880 --> 00:05:57,480 So I think Bitcoin's looking OK. I do think that the L1 trade is 106 00:05:57,480 --> 00:05:59,160 still looking a little bit precarious here. 107 00:05:59,160 --> 00:06:03,800 There's been some return back to ETH and with with some of the 108 00:06:03,800 --> 00:06:06,080 NFT stuff which has been going on and what we saw with some of 109 00:06:06,080 --> 00:06:10,600 the memes with Ether Vista. So maybe ETH slightly 110 00:06:11,120 --> 00:06:14,680 outperformed here, but it does feel as though in general, I 111 00:06:14,680 --> 00:06:16,440 don't know if you've seen it, but Coinbase is back down to 112 00:06:16,440 --> 00:06:21,000 like 480 on the on the on the app list, the Google, the Google 113 00:06:21,000 --> 00:06:25,560 search for for bitcoins that like a a multi year low. 114 00:06:25,560 --> 00:06:30,800 Again, it just feels as though I'm bullish on Bitcoin and I'm I 115 00:06:30,800 --> 00:06:34,760 find after that I get very, very unclear where where to put it. 116 00:06:34,760 --> 00:06:37,600 So yeah, that's, that's kind of how I'm feeling going into this 117 00:06:39,920 --> 00:06:42,960 in terms of like any like big new news. 118 00:06:42,960 --> 00:06:45,000 It's really Korean Blockchain week. 119 00:06:45,000 --> 00:06:47,160 And then we've got Slana break point next week. 120 00:06:48,080 --> 00:06:51,040 Oh, sorry. In two weeks, I think they are 121 00:06:51,040 --> 00:06:52,600 after token. I think there's going to be some 122 00:06:52,600 --> 00:06:55,160 announcements around Solana. There's already some 123 00:06:55,160 --> 00:06:59,040 announcements already, which don't seem to be their big ones, 124 00:06:59,040 --> 00:07:01,560 but MERT has been MERT has been flagging. 125 00:07:01,560 --> 00:07:03,800 They're going to make some huge ones over the next few, few 126 00:07:03,800 --> 00:07:05,240 weeks. I imagine one of them will 127 00:07:05,240 --> 00:07:07,240 definitely be around Fire Dancer, and then we'll see what 128 00:07:07,240 --> 00:07:10,120 the other ones are around. To be honest, the main thing 129 00:07:10,120 --> 00:07:12,880 we're gonna need? Some announcements with this 130 00:07:13,560 --> 00:07:15,840 this price action on Solana and you were talking about the 131 00:07:15,840 --> 00:07:18,600 unlocks coming? Well, it's I just picked up on 132 00:07:18,680 --> 00:07:20,720 because somebody else was tweeting about it this morning 133 00:07:21,160 --> 00:07:24,720 and I was like, I thought they were more linearly linear, these 134 00:07:24,720 --> 00:07:28,000 unlocks, but they seem to be very front loaded. 135 00:07:29,800 --> 00:07:37,640 It looks like about I think it's like 1.5 billion of or around 2 136 00:07:37,640 --> 00:07:40,920 billion of dollars worth of unlocks, maybe even slightly 137 00:07:40,920 --> 00:07:44,200 harder than that happening in that February, March, April 138 00:07:44,200 --> 00:07:47,320 period. You know, that's not a small 139 00:07:47,320 --> 00:07:53,960 amount for a chain at at at 75 billion so or 60 billion even. 140 00:07:54,040 --> 00:07:57,360 So I I think that that will a lot of people will talk about 141 00:07:57,360 --> 00:08:01,920 that like be prepared for December ETH Maxis to be 142 00:08:01,920 --> 00:08:03,840 absolutely hammering Solana for this. 143 00:08:03,880 --> 00:08:08,280 And I reckon there could be some and I think the main bullish 144 00:08:08,280 --> 00:08:11,120 thing here was that so I was beasting everything in terms of 145 00:08:11,720 --> 00:08:18,000 volume users, left curve stuff. And if that doesn't pick back up 146 00:08:18,000 --> 00:08:21,520 again meaningfully, then I do think that becomes quite a 147 00:08:21,520 --> 00:08:23,720 powerful narrative. It's something that I I really, 148 00:08:23,960 --> 00:08:28,160 I believe a lot more in crypto is bigger than any other market. 149 00:08:28,160 --> 00:08:31,360 Like when there are no knowns about supply in other markets, 150 00:08:31,640 --> 00:08:35,360 they also don't lead to as big A price swing. 151 00:08:35,360 --> 00:08:39,919 But when, when you get these like big indigestions of supply 152 00:08:39,919 --> 00:08:43,640 coming in, like we've seen with Bitcoin, maybe even with what we 153 00:08:43,640 --> 00:08:45,400 saw with like JUMP and ETH, right? 154 00:08:46,160 --> 00:08:48,320 It does take a, our market is quite small. 155 00:08:48,320 --> 00:08:51,080 When you have that much of A net seller or a net bar or 156 00:08:51,080 --> 00:08:53,440 something, it can really affect the price. 157 00:08:53,440 --> 00:08:56,760 So it's something that's really on my radar right now going to 158 00:08:56,760 --> 00:08:59,560 the second-half of this year, like I just said, or going to 159 00:08:59,560 --> 00:09:02,360 the final quarter of this year is that I think Bitcoin's got a 160 00:09:02,360 --> 00:09:04,920 really strong case. I think we're probably going to 161 00:09:04,920 --> 00:09:06,840 have to wait a few more months before people go full left 162 00:09:06,840 --> 00:09:08,600 curve. I think a lot of people did come 163 00:09:08,600 --> 00:09:11,440 in with that mean coin, or at least some people came with that 164 00:09:11,440 --> 00:09:12,960 mean coin thing. I don't know what we're going to 165 00:09:12,960 --> 00:09:14,680 sell them in the next three months for them to like 166 00:09:14,680 --> 00:09:17,560 desperately come back in so that they can gamble. 167 00:09:18,000 --> 00:09:22,120 Maybe it's AFTS, but I feel like I don't know if that's our last 168 00:09:22,120 --> 00:09:24,400 cycles as well. Like people might not believe to 169 00:09:24,400 --> 00:09:26,120 come back to start trading NFTS again. 170 00:09:27,120 --> 00:09:31,200 And so you're really resting on like the long term drivers of 171 00:09:31,200 --> 00:09:33,040 crypto, which I think like things like payments, 172 00:09:33,040 --> 00:09:37,720 tokenization, maybe some of the like the broader D5 protocols, 173 00:09:37,720 --> 00:09:41,080 but those those feel like a slower cook for me. 174 00:09:41,080 --> 00:09:46,160 So you can see it, right? Anson's tweeting about Robit. 175 00:09:46,160 --> 00:09:51,320 He's not tweeting about memes. He's too like there's a return 176 00:09:51,320 --> 00:09:54,680 to like this sort of like D5 style coins that we're talking 177 00:09:54,680 --> 00:09:58,760 about or coins which have good burn and look cheap on a burn 178 00:09:58,760 --> 00:10:02,840 metric and that sort of stuff. That doesn't tell me that you 179 00:10:02,840 --> 00:10:08,040 bring in like all your mates. So that's that's kind of how I 180 00:10:08,040 --> 00:10:11,400 feel about the market right now. We had a big talk about me, me 181 00:10:11,400 --> 00:10:15,880 OV and and Ben, who's like the other partner at Canary Labs 182 00:10:15,880 --> 00:10:18,600 this week. Just just kind of what what to 183 00:10:18,600 --> 00:10:20,480 play now for the rest second-half this year. 184 00:10:20,480 --> 00:10:22,440 And I think we all kind of conclusively said that. 185 00:10:22,440 --> 00:10:24,880 The only obvious one was Bitcoin. 186 00:10:25,280 --> 00:10:27,200 And then after that it gets very, very unclear. 187 00:10:28,960 --> 00:10:30,640 There are no obvious trades right now. 188 00:10:30,640 --> 00:10:33,240 I, I would tend to agree with that. 189 00:10:33,280 --> 00:10:37,600 And it, it feels like we've kind of totally reset all of the all 190 00:10:37,600 --> 00:10:40,920 the bullish energy from Q1. Like you kind of mentioned that 191 00:10:40,920 --> 00:10:43,680 like Coinbase is down to 480 in the App Store. 192 00:10:43,920 --> 00:10:47,640 The trends are, are down. It feels like interest in crypto 193 00:10:47,640 --> 00:10:50,720 is is low has been quite some time, which is interesting 194 00:10:50,720 --> 00:10:55,320 because it it feels like it's such a bigger topic like in this 195 00:10:55,320 --> 00:11:00,320 election cycle. So this was part of it is making 196 00:11:00,320 --> 00:11:02,560 it. So it's so surprising, I guess 197 00:11:02,680 --> 00:11:06,880 to me. Well, we've got the one somewhat 198 00:11:06,880 --> 00:11:08,760 bullish, maybe it's bullish catalyst. 199 00:11:08,760 --> 00:11:16,160 So FTX the I saw the $16 billion that they are owed to their to I 200 00:11:16,160 --> 00:11:20,280 want to say it's the users of the their, their platform that 201 00:11:20,280 --> 00:11:24,120 is coming in Q4. So I think that is perhaps one 202 00:11:24,200 --> 00:11:26,920 that's in this. Case, yeah, I think, I think 203 00:11:27,040 --> 00:11:30,560 the, the biggest bullish things that are coming here are global 204 00:11:30,560 --> 00:11:36,080 liquidity going higher at the election and and FTX. 205 00:11:36,200 --> 00:11:38,720 Those are like the the big ones in terms of like liquidity 206 00:11:38,720 --> 00:11:43,240 coming in the. But I think honestly, I still 207 00:11:43,240 --> 00:11:47,040 think that most of those go towards Bitcoin than than the 208 00:11:47,160 --> 00:11:51,680 others. Maybe, maybe FTX gets like more 209 00:11:51,680 --> 00:11:55,280 mean coins of stuff going crazy again, but you just don't know. 210 00:11:55,720 --> 00:11:58,480 I feel like that one. That makes sense. 211 00:11:58,480 --> 00:12:02,680 So we're in September are are there what, what are the big key 212 00:12:02,680 --> 00:12:06,080 macro events to watch? So we've got I think FOMC is 213 00:12:06,080 --> 00:12:11,560 coming up September 17th, 18th. I want to say are, is that 214 00:12:11,560 --> 00:12:16,280 pretty much it for this month? Do we have more major items to 215 00:12:16,280 --> 00:12:19,080 look out for? This is the, this is the final 216 00:12:19,080 --> 00:12:23,400 FOMC before the election. There's one assume very soon 217 00:12:23,400 --> 00:12:27,000 after the election. And I think it's really just 218 00:12:27,000 --> 00:12:30,200 like the rate of cuts. So the FOMC will they are going 219 00:12:30,200 --> 00:12:34,520 to cut rates, but it'll really be do they do 50 bits, do 25 220 00:12:34,520 --> 00:12:36,640 bits, do they do 25 bits and then indicate they're going to 221 00:12:36,640 --> 00:12:38,320 do two or three more by the end of this. 222 00:12:38,320 --> 00:12:40,840 So that would be the main thing, the rate cut cycle. 223 00:12:40,840 --> 00:12:44,760 And I think we'll probably see rate cuts also come out of UK, 224 00:12:45,080 --> 00:12:51,360 France, not not Japan, but like most, most of the other major 225 00:12:51,360 --> 00:12:53,480 central banks will also be moving towards cutting rates. 226 00:12:53,480 --> 00:12:56,040 So you're pretty much for the, for the rest of this year, 227 00:12:56,040 --> 00:12:59,320 you'll probably see every other week some central bank around 228 00:12:59,320 --> 00:13:01,920 the world cut rates. That's, that's kind of what 229 00:13:01,920 --> 00:13:03,520 we're going to be in. And I think we're going to be in 230 00:13:03,520 --> 00:13:05,360 that. I think global rates are going 231 00:13:05,360 --> 00:13:08,040 all the way back down again. You know, I think they are we're 232 00:13:08,040 --> 00:13:09,720 going to end. I don't, I don't think we're 233 00:13:09,760 --> 00:13:12,520 going to see money printing in the same sort of way, but we are 234 00:13:12,520 --> 00:13:15,080 going to see global rates come down significantly across the 235 00:13:15,080 --> 00:13:20,920 board pretty much in every major economy. 236 00:13:21,360 --> 00:13:24,000 So I think that that that would be the, the thing that people 237 00:13:24,000 --> 00:13:26,120 will be looking at. And and then probably just are 238 00:13:26,120 --> 00:13:29,160 we going to head towards like a recession or is it going to be a 239 00:13:29,160 --> 00:13:31,240 soft landing will be, will be the main thing. 240 00:13:31,240 --> 00:13:33,960 So I think any bad piece of economic data as well will be 241 00:13:33,960 --> 00:13:39,400 taken pretty badly by the market over the course of this, this 242 00:13:39,400 --> 00:13:42,920 rate cut like the remain thing will be here is we're going to 243 00:13:42,920 --> 00:13:46,200 go through a rate cut cycle now for the next, let's say the next 244 00:13:46,200 --> 00:13:49,200 18 months. And we really don't want the 245 00:13:49,200 --> 00:13:51,080 economy to fall off, fall off a Cliff. 246 00:13:51,080 --> 00:13:55,440 So I think also there'll be a lot of focus on on rate cut data 247 00:13:55,440 --> 00:13:58,280 where it's interesting. Interestingly, sometimes when 248 00:13:58,280 --> 00:14:03,920 there's been weak data up until this point, sometimes the market 249 00:14:03,920 --> 00:14:05,960 rallies because they assume rate cuts are coming. 250 00:14:05,960 --> 00:14:08,480 We know rate cuts are are on course now. 251 00:14:08,480 --> 00:14:11,160 Now it's just really do they knock off the market in between, 252 00:14:11,160 --> 00:14:15,840 right? And historically, Q fours of 253 00:14:15,840 --> 00:14:17,440 election years are historically good. 254 00:14:17,880 --> 00:14:20,040 So we'll see if that pattern repeats itself. 255 00:14:20,920 --> 00:14:23,960 Walter Bloomberg tweeting out this morning that city is laying 256 00:14:23,960 --> 00:14:29,200 out its case for the Fed to to do the 50 bips cut here in 257 00:14:29,200 --> 00:14:31,600 September. Auto markets still not really 258 00:14:31,600 --> 00:14:36,040 pressing on it so that they just still have it at at 21, at just 259 00:14:36,040 --> 00:14:39,520 a 21 percent chance of 50. So I with this now just two 260 00:14:39,520 --> 00:14:41,840 weeks away, I think we'll see more on. 261 00:14:42,840 --> 00:14:43,960 They should have cut rates in June. 262 00:14:44,040 --> 00:14:47,680 Market. They should have cut rates in 263 00:14:47,680 --> 00:14:49,800 July. In my opinion, 5050 bit rate 264 00:14:49,800 --> 00:14:52,840 cuts are pretty aggressive. Just as they don't often happen, 265 00:14:53,240 --> 00:14:54,760 like they really, really don't often happen. 266 00:14:54,960 --> 00:14:57,680 It shows that they've, it would almost be an admission of guilt 267 00:14:57,680 --> 00:15:01,120 from the, the Fed that they kind of screwed up because they've 268 00:15:01,120 --> 00:15:05,960 had ages, absolutely ages to cut rates. 269 00:15:06,240 --> 00:15:09,280 And then to then go say that they're going to do 50 bits on 270 00:15:09,280 --> 00:15:12,320 the first one, that would kind of indicate that they they were 271 00:15:12,320 --> 00:15:15,280 too late to it. So I reckon to save face, 272 00:15:15,280 --> 00:15:18,160 they'll probably do 25 bits, but they should do 50. 273 00:15:18,440 --> 00:15:23,200 Like inflation is low, it is low and rates are really high. 274 00:15:23,200 --> 00:15:26,520 So if if they're just looking at that metric, they should, they 275 00:15:26,520 --> 00:15:28,360 should. They should cut it more 276 00:15:28,360 --> 00:15:31,720 aggressively in my opinion. Yeah, I, I, I still like the the 277 00:15:31,720 --> 00:15:36,240 50 side of this. We'll see what other data we get 278 00:15:36,240 --> 00:15:40,280 in, in the next Logan any, any reactions to any of the macro 279 00:15:40,760 --> 00:15:43,360 chatter that that we've been talking through. 280 00:15:43,360 --> 00:15:45,440 We'll get to Ethervista here in a minute. 281 00:15:46,880 --> 00:15:48,400 What? What's top of mind to you and 282 00:15:48,400 --> 00:15:49,760 any reactions from the long weekend? 283 00:15:50,400 --> 00:15:54,080 Yeah, nothing crazy, you know, just personally some excitement 284 00:15:54,080 --> 00:15:56,080 about the FTX potential repayments. 285 00:15:56,080 --> 00:16:00,520 There might be a rent check in there for me as to potentially 286 00:16:00,920 --> 00:16:03,360 reap back something I thought was long lost. 287 00:16:04,280 --> 00:16:05,800 But you know, nothing crazy for me. 288 00:16:05,800 --> 00:16:08,760 Like I said, these things aren't shifting my opinions on a daily 289 00:16:08,760 --> 00:16:12,320 basis. Just kind of expecting at this 290 00:16:12,320 --> 00:16:16,800 point, more boredom, more chop, you know, in in book directions 291 00:16:16,800 --> 00:16:19,640 for the foreseeable future. I hope I'm wrong. 292 00:16:19,640 --> 00:16:22,080 I always hope I'm wrong in that regard, but I'm I'm going to 293 00:16:22,080 --> 00:16:25,640 remain kind of held down to a certain degree for the 294 00:16:25,640 --> 00:16:28,240 foreseeable future. Yeah, makes sense. 295 00:16:28,840 --> 00:16:32,480 Look at the mean board. I think Wog is really the only 296 00:16:32,480 --> 00:16:34,560 is the big winner that's jumping out. 297 00:16:34,560 --> 00:16:36,560 Let's see where they're at. So they're well, I guess they're 298 00:16:36,560 --> 00:16:38,880 giving back some gains now, but they they hit I want to say they 299 00:16:38,880 --> 00:16:45,360 hit 90 million walk up 90 million here Yeah, give back. 300 00:16:45,920 --> 00:16:50,120 That seems to be the the one getting all the attention. 301 00:16:50,120 --> 00:16:54,320 We saw some some decent action in like the 20 to $40 million 302 00:16:54,320 --> 00:16:59,240 range knew if he had a nice day again in, but again it it the 303 00:16:59,240 --> 00:17:03,720 the above 100 million meme market from three to four weeks 304 00:17:03,720 --> 00:17:06,319 ago that that's that group was taking a pretty big hit. 305 00:17:07,800 --> 00:17:14,200 Dude, have you seen Nero? Oh no, I've been purposely not 306 00:17:14,200 --> 00:17:17,520 checking on to figure. So like which one's the the Nero 307 00:17:17,520 --> 00:17:21,200 that that ran up high? Is. 308 00:17:21,720 --> 00:17:25,800 It really at 43 million. That one, that's not even it. 309 00:17:25,960 --> 00:17:28,280 Dude, yeah, that's not it. Keep on going. 310 00:17:29,360 --> 00:17:32,320 No way it's at 35. No, not even that one. 311 00:17:32,360 --> 00:17:34,280 I think it's, I don't think it's even that one. 312 00:17:34,280 --> 00:17:38,240 Dude, seriously. No, it's not that one. 313 00:17:38,960 --> 00:17:41,640 Which one is it? It's the one at 20. 314 00:17:41,840 --> 00:17:43,080 Four. Oh, my gosh. 315 00:17:44,680 --> 00:17:49,600 All right, so Nero on. Wait, this coin hit 250 million? 316 00:17:49,840 --> 00:17:52,800 Yeah, it hit 250. Million, 300 million. 317 00:17:52,800 --> 00:17:55,880 OK, hit 300. Million and then it's. 318 00:17:56,760 --> 00:18:01,680 Gone down and after showing it non-stop and you know he's been 319 00:18:02,320 --> 00:18:03,680 somewhat showing on the way down. 320 00:18:04,240 --> 00:18:05,120 Oh my gosh. Rather. 321 00:18:05,680 --> 00:18:07,360 Need to get some new teeth, you know. 322 00:18:09,480 --> 00:18:13,680 The bubble mats team, they were pounding the table on the the 323 00:18:13,680 --> 00:18:17,000 insiders controlling like 70% of this token. 324 00:18:17,520 --> 00:18:18,880 Well, they've everyone knew that. 325 00:18:18,880 --> 00:18:21,040 Like I don't think that's like a prize. 326 00:18:21,280 --> 00:18:22,920 I think everyone was just hoping that they they would. 327 00:18:22,920 --> 00:18:26,360 All this what this actually tells you is the state of the 328 00:18:26,360 --> 00:18:29,040 general meme coin market, even from a KOL perspective. 329 00:18:29,600 --> 00:18:32,160 Like if KOLS are like jumping over themselves to sell 330 00:18:32,160 --> 00:18:37,280 something like that is just bad. How, how do you fumble like a 331 00:18:37,280 --> 00:18:41,640 300 million like I think? It was this fast. 332 00:18:42,760 --> 00:18:44,320 Oh man. So I, I'll be honest, I haven't 333 00:18:44,320 --> 00:18:48,240 even really been been tracking this one that is, but that's 334 00:18:48,240 --> 00:18:50,240 painful. So now the question is, is will 335 00:18:50,920 --> 00:18:55,400 Ether Vista, the, the shiny new pump fund competitor, uniswap 336 00:18:55,400 --> 00:18:57,240 competitor? We'll, we'll get into that in a 337 00:18:57,240 --> 00:18:59,960 minute. Will that perhaps inject some 338 00:18:59,960 --> 00:19:04,520 new energy into the ETH market? Or perhaps will it do the 339 00:19:04,560 --> 00:19:08,160 opposite? So for a quick, quick TLDR here. 340 00:19:08,160 --> 00:19:09,480 So it was a big weekend for pump fun. 341 00:19:09,480 --> 00:19:13,280 Pump Fun hit $100 million in lifetime revenue, so huge 342 00:19:13,280 --> 00:19:15,680 milestone for them. At the same time, they have a 343 00:19:15,680 --> 00:19:19,680 new competitor launching in Ether Vista, it's native token. 344 00:19:19,680 --> 00:19:23,560 The Vista token did soar to a $25 million market cap. 345 00:19:23,560 --> 00:19:26,040 It was one of the bigger winners over the weekend. 346 00:19:26,280 --> 00:19:29,440 It is tied to this Ether protocol. 347 00:19:29,440 --> 00:19:31,280 So what is it as I understand it? 348 00:19:31,280 --> 00:19:33,800 Here's how it works. So users can create their own 349 00:19:33,800 --> 00:19:36,560 coin contracts. Ether Visa does not do this. 350 00:19:37,080 --> 00:19:40,280 Ether Vista does help with the token launches. 351 00:19:40,520 --> 00:19:45,160 They provide users with LP tokens from their own native 352 00:19:45,160 --> 00:19:48,680 decks and then the users get to this whether to burn those LP 353 00:19:48,680 --> 00:19:51,480 tokens or not. And then they do have within the 354 00:19:51,480 --> 00:19:56,320 decks these hard coded buy and sell fee that go to the LP int 355 00:19:56,760 --> 00:20:00,320 the coin creator. So I've seen some folks called a 356 00:20:00,320 --> 00:20:03,040 pump funk competitor, I think because of its native decks. 357 00:20:03,040 --> 00:20:06,000 I've also seen many compare it to Uniswap. 358 00:20:06,520 --> 00:20:10,720 More so than than pump fun and the decks is important. 359 00:20:10,880 --> 00:20:14,400 This is where they use a portion of the fees to auto buy and burn 360 00:20:14,680 --> 00:20:19,240 that native Vista token I saw this morning I think 2% of the 361 00:20:19,240 --> 00:20:23,920 the Vista tokens have already been already been burned. 362 00:20:23,920 --> 00:20:29,600 So we saw some nice price action on Vista though giving a lot of 363 00:20:29,600 --> 00:20:32,480 it back here. So the the Vista token Ranta, 364 00:20:32,480 --> 00:20:39,080 yeah, close to 3030 million on see early Monday afternoon. 365 00:20:39,080 --> 00:20:43,000 It's down about 50% since then. So that's a little bit of that 366 00:20:43,000 --> 00:20:47,480 some disappointing price action here into Monday with such a 367 00:20:47,520 --> 00:20:51,600 pullback from what had been what seemed like an exciting launch. 368 00:20:51,600 --> 00:20:56,680 And then you can see on decks the the Vista coins, ether Vista 369 00:20:56,680 --> 00:21:00,400 coins all had this multi colored Ethereum symbol so that you can 370 00:21:01,040 --> 00:21:05,080 quickly see them. Not a single additional meme 371 00:21:05,520 --> 00:21:09,240 over a $1 million market cap. So it doesn't feel like this 372 00:21:09,240 --> 00:21:11,560 one's really generating a whole lot of winners. 373 00:21:12,000 --> 00:21:15,680 Just Vista Dog was briefly a winner yesterday and we see it's 374 00:21:15,680 --> 00:21:19,320 down 84%. Not great. 375 00:21:19,560 --> 00:21:22,080 Logie, I'll I'll see this one up to you. 376 00:21:22,440 --> 00:21:24,560 Did you play around ether Vista this weekend? 377 00:21:24,560 --> 00:21:27,640 Did you see or any early reactions here? 378 00:21:28,720 --> 00:21:32,440 Just been messing around with it off to the side trying, trying 379 00:21:32,440 --> 00:21:36,000 to learn how to navigate it, which is proving challenging in 380 00:21:36,000 --> 00:21:39,640 my opinion. It's kind of got that retro 90s 381 00:21:39,640 --> 00:21:42,760 Microsoft type thing, which I've done on purpose here. 382 00:21:44,720 --> 00:21:48,000 And you know, like it's not. I don't think it's easy to 383 00:21:48,000 --> 00:21:50,120 understand exactly what you want to do. 384 00:21:50,120 --> 00:21:53,520 Far less easy if you want to compare it to pump fun. 385 00:21:53,520 --> 00:21:56,680 I mean, far less easy than pump fun in terms of finding 386 00:21:56,960 --> 00:22:00,680 something to participate with. Maybe the launcher here is 387 00:22:00,680 --> 00:22:05,280 similarly easy because there's a tab that says launcher, but you 388 00:22:05,280 --> 00:22:07,600 know, it's it's difficult. I I think you nailed it with 389 00:22:07,600 --> 00:22:13,760 the, you know, pretty much some morph version of uniswap plus 390 00:22:13,760 --> 00:22:16,320 pump fun. And I'm all for the the 391 00:22:16,320 --> 00:22:19,480 innovation here and the the cool, like, you know, instant 392 00:22:19,480 --> 00:22:23,640 auto buy back burn the token, all those like weird tokenomic 393 00:22:23,640 --> 00:22:27,200 wrinkles that introduce some level of innovation or, you 394 00:22:27,200 --> 00:22:29,600 know, a culmination of different things we've seen from other 395 00:22:29,600 --> 00:22:33,600 protocols into one. That's cool to me, but this is 396 00:22:33,680 --> 00:22:37,760 difficult thus far for the user, at least in my opinion. 397 00:22:37,760 --> 00:22:42,120 And of course maybe I'm far too dense to join the Etherium D5 398 00:22:42,120 --> 00:22:46,520 community, but a lot of work would need to be done in my 399 00:22:46,520 --> 00:22:50,000 opinion for the easy on boarding to make this go as haywire 400 00:22:50,200 --> 00:22:52,360 perhaps as they're hoping to make it go. 401 00:22:54,400 --> 00:22:56,880 Yeah, I'll admit this is my one of my first times playing around 402 00:22:56,880 --> 00:22:59,000 with it. So that there is really no 403 00:22:59,000 --> 00:23:03,480 discoverability that or that that I'm seeing in this platform 404 00:23:03,640 --> 00:23:05,760 and press again, maybe maybe we're missing it. 405 00:23:05,880 --> 00:23:10,120 I'm not seeing that at all. So I guess now that makes it 406 00:23:10,760 --> 00:23:13,240 seem more comparable to Uniswap where you have to have the 407 00:23:13,240 --> 00:23:15,280 tokens already to come in and do the swaps. 408 00:23:15,280 --> 00:23:17,600 Because Amanda, did you did you play around with this at all 409 00:23:17,600 --> 00:23:19,280 over the weekend? Any initial reactions from your 410 00:23:19,280 --> 00:23:22,400 side? No, I mean, I followed Jing Tao 411 00:23:22,600 --> 00:23:26,760 and I woke up in European time obviously, and he was still 412 00:23:26,760 --> 00:23:29,000 tweeting about it. I think he'd put like an all 413 00:23:29,000 --> 00:23:34,480 nighter until like 3:00 AM Jing Tao is this has been called the, 414 00:23:35,360 --> 00:23:40,240 the Ansem of ether Vista. So he was involved in all a lot 415 00:23:40,240 --> 00:23:45,040 of the early coins. He's you, you will know him. 416 00:23:45,040 --> 00:23:46,840 He's he's come up a few different times. 417 00:23:46,960 --> 00:23:48,960 I think he's got, you know, like his fifth account or something 418 00:23:48,960 --> 00:23:51,880 like that. But he he was involved in Vista 419 00:23:51,880 --> 00:23:56,160 and it was hit, hit 15,000,000 when I woke up and he was like 420 00:23:56,160 --> 00:23:58,800 he, I think he posted that he made like 150 grand or something 421 00:23:58,800 --> 00:24:01,520 like that. And then it went all the way up 422 00:24:01,520 --> 00:24:03,680 to 30. I think a lot of people were 423 00:24:03,680 --> 00:24:08,920 like, oh, this could go to 100 and then 30 is the new 100 in 424 00:24:08,920 --> 00:24:13,080 memes. That's basically what it is. 425 00:24:13,240 --> 00:24:19,520 So I, I don't know, are ETH Maxis or are ETH people who are 426 00:24:19,520 --> 00:24:23,400 who really want to, are they going to carry the ETH the the 427 00:24:23,400 --> 00:24:27,680 meme coin torch now? I feel like everyone's this is 428 00:24:27,680 --> 00:24:29,720 kind of what maybe to take a step back. 429 00:24:30,480 --> 00:24:34,760 I felt like six months ago I could tell friends in a non 430 00:24:34,760 --> 00:24:37,640 crypto friend group, hey, you should get involved in these 431 00:24:37,640 --> 00:24:38,880 memes. They're like a lot of them are 432 00:24:38,880 --> 00:24:41,440 doing crazy numbers. I don't know if I can make that 433 00:24:41,440 --> 00:24:42,400 pitch to a lot of them right now. 434 00:24:42,400 --> 00:24:45,600 And I think that's like that's kind of a big change for me. 435 00:24:45,880 --> 00:24:49,760 It feels kind of like, do you remember last year or 18 months 436 00:24:49,760 --> 00:24:53,720 ago where it, although some really good means were created 437 00:24:53,720 --> 00:24:58,640 like Mog mog was at 20 million for like 6 months, right? 438 00:24:58,640 --> 00:25:00,720 Like and it couldn't, it couldn't break out. 439 00:25:01,360 --> 00:25:06,000 Like it went to 30 sold down. So I feel like when maybe in 440 00:25:06,000 --> 00:25:10,200 that sort of period where it's a bit more PvP, you got to get the 441 00:25:10,200 --> 00:25:14,080 old shot for that one. It's a bit more PvP. 442 00:25:14,280 --> 00:25:19,280 Everyone's idea of of like a of what's a good upside here is 443 00:25:19,280 --> 00:25:21,440 probably less. That doesn't mean they don't 444 00:25:21,440 --> 00:25:24,840 come back strong. Essentially when Bitcoin goes 445 00:25:24,840 --> 00:25:27,000 to, you know, really starts get going. 446 00:25:27,000 --> 00:25:31,200 Maybe, but I feel as though I don't know, maybe maybe that's 447 00:25:31,200 --> 00:25:33,680 the next month, maybe towards the end of the year thing and 448 00:25:34,680 --> 00:25:37,920 deciding those, which means will be really strong will will be 449 00:25:37,920 --> 00:25:40,040 it. But someone said, so why not buy 450 00:25:40,040 --> 00:25:42,000 now, wait out, wait out. I think, I think you can. 451 00:25:42,560 --> 00:25:44,520 I'm just trying to tell you that I think we're in that sort of 452 00:25:44,520 --> 00:25:45,960 period. It's a way out sort of period. 453 00:25:45,960 --> 00:25:48,920 I wouldn't be buying into FOMO, like even flog, right? 454 00:25:48,920 --> 00:25:53,960 Like fog's done incredible to get to 90, but you kind of know 455 00:25:53,960 --> 00:25:56,080 that it's also going to get smashed down one day. 456 00:25:56,720 --> 00:25:59,480 It's hard to yeah, it's very hard to buy at at this level 457 00:25:59,480 --> 00:26:02,880 just because every every soul meme that's done this run the 458 00:26:02,880 --> 00:26:06,760 last two months, like Billy, yeah, I'm going to think about 459 00:26:06,800 --> 00:26:09,400 it like Billy's back down to what, like 20 million or 460 00:26:09,400 --> 00:26:12,360 something. So like you have to just be so 461 00:26:12,360 --> 00:26:13,280 fast. And you're right. 462 00:26:13,360 --> 00:26:17,280 Like I I wouldn't tell a normie friend to buy a meme right now, 463 00:26:17,760 --> 00:26:20,160 but. That wasn't the case two months 464 00:26:20,160 --> 00:26:22,000 ago. It might come back as well like 465 00:26:22,000 --> 00:26:23,960 these are. I think Anthem also said the 466 00:26:23,960 --> 00:26:27,960 other day not to be quoting him too much, but he also said this 467 00:26:27,960 --> 00:26:30,600 is the time to find 100 X's. I do think that this is also the 468 00:26:30,600 --> 00:26:34,480 time to find 100 X's like people were talking about Mog and did 469 00:26:34,480 --> 00:26:38,840 basically well did like a close to 100 X right over the course 470 00:26:38,840 --> 00:26:40,960 of the last year. I do think you got to find the 471 00:26:40,960 --> 00:26:42,640 coins which have a good community. 472 00:26:42,640 --> 00:26:46,400 Your look like they're going to be multi cycle and probably been 473 00:26:46,400 --> 00:26:49,680 smashed lower and think right, well, yeah, this this could be a 474 00:26:49,680 --> 00:26:53,760 a really strong one. Interesting, This is the time to 475 00:26:53,760 --> 00:26:56,520 find 100 X. Well, certainly we we, we've got 476 00:26:56,520 --> 00:26:59,800 the coins beaten down. Logan is wrapping up the Ether 477 00:26:59,800 --> 00:27:01,920 Vista conversation. Are we going to get the 100 XS 478 00:27:01,920 --> 00:27:05,440 from Ethervista or is this this is going to be more of a flash 479 00:27:05,440 --> 00:27:06,000 in the pan? What? 480 00:27:06,280 --> 00:27:09,800 Do you think not if they keep naming every stupid token Vista 481 00:27:09,800 --> 00:27:13,360 X Yeah, Vista. Like that's the other part of 482 00:27:13,360 --> 00:27:15,600 that. Like why? 483 00:27:15,600 --> 00:27:18,600 Why so bad? I mean, it's tough to come up 484 00:27:18,600 --> 00:27:22,360 with something off the name of Vista, so I mean that that's 485 00:27:22,360 --> 00:27:25,040 there as a roadblock to begin with, but going to come up with 486 00:27:25,040 --> 00:27:29,120 some better memes probably. Let's read Let's just read these 487 00:27:29,280 --> 00:27:33,320 memes list real quick. So Vista printer ether pasta 488 00:27:33,760 --> 00:27:41,120 Vista dog Vista La Vida Viva that that one's OK V MILF bojack 489 00:27:41,120 --> 00:27:43,920 which is a wojack Vista version Vista they're. 490 00:27:43,920 --> 00:27:46,920 So bad. It's a rough list. 491 00:27:48,240 --> 00:27:53,520 Yeah, I, I don't, I don't expect at least of those that you just 492 00:27:53,520 --> 00:27:55,880 mentioned and listed from the Deck Screener. 493 00:27:56,160 --> 00:27:59,800 I don't see 100 X out of those unless they've already hit them, 494 00:28:00,320 --> 00:28:02,320 you know, at one point in retrace, which I don't, I don't 495 00:28:02,320 --> 00:28:06,240 believe has happened, but I'm not, I'm not writing it off just 496 00:28:06,240 --> 00:28:08,560 yet. I feel like I read from Sammy, 497 00:28:08,560 --> 00:28:10,920 from Mocha. I was reading his thread about 498 00:28:11,000 --> 00:28:13,240 he broke down the thread on Ether Vista as well. 499 00:28:13,440 --> 00:28:16,480 There's an unlock. The first unlock is tomorrow, 500 00:28:17,360 --> 00:28:20,600 which which yeah, which may be impacting price a little bit. 501 00:28:22,000 --> 00:28:24,800 So I'm not, I'm not throwing this away yet, you know, like. 502 00:28:24,800 --> 00:28:26,920 The first unlock is like five days after the thing launches. 503 00:28:28,200 --> 00:28:29,560 I think that's part of the thing. 504 00:28:29,560 --> 00:28:31,360 Yeah. It's like they did apparently 505 00:28:31,360 --> 00:28:35,400 some analysis on, you know, rug timing happening in the first 506 00:28:35,400 --> 00:28:38,800 two to four days or something. So five days is the unlock 507 00:28:38,800 --> 00:28:42,920 period. So I'm not, I'm not ready to 508 00:28:42,920 --> 00:28:46,200 throw it away. I need to learn what, you know, 509 00:28:46,200 --> 00:28:51,560 how to find stuff there. Maybe I need to find, you know, 510 00:28:51,560 --> 00:28:53,880 the Ether Vista KOL accounts as well. 511 00:28:54,760 --> 00:28:55,520 It's. Just one. 512 00:28:57,720 --> 00:29:00,400 It's just what yeah, it's Jing Tao. 513 00:29:00,600 --> 00:29:03,720 If you want to trade either either Vista memes, maybe put 514 00:29:03,720 --> 00:29:06,760 him on notice. I I think my only take away on 515 00:29:06,760 --> 00:29:10,480 this is I feel like one of the bull cases for Ethereum memes is 516 00:29:10,480 --> 00:29:13,880 that there were far fewer than on Solana. 517 00:29:14,680 --> 00:29:18,400 You didn't have the pump fun equivalent on ETH, so you didn't 518 00:29:18,400 --> 00:29:20,280 have the velocity. So perhaps it was a little bit 519 00:29:20,280 --> 00:29:22,640 easier to pick. So actually, I don't know if 520 00:29:22,640 --> 00:29:26,560 this is not good for the Etherium ecosystem, but 521 00:29:26,800 --> 00:29:32,320 certainly we'll see in ecosystem news in the L2 front. 522 00:29:32,920 --> 00:29:36,840 So this some base numbers caught some attention over the weekend. 523 00:29:36,840 --> 00:29:38,800 I actually tweeted about this a few times yesterday. 524 00:29:38,840 --> 00:29:40,320 I'm trying to wrap my head around this. 525 00:29:40,840 --> 00:29:43,960 I saw a Milk Rd. tweet and then dug, dug in a little bit. 526 00:29:43,960 --> 00:29:48,640 But apparently base users, I've got users and quotes here are up 527 00:29:48,640 --> 00:29:56,280 to almost 14,000,000 active on the monthly that is up folks 528 00:29:56,320 --> 00:30:01,720 from just you know, they were 4 million back in at the end of 529 00:30:01,720 --> 00:30:06,440 May or in June. So effectively they had 10 530 00:30:06,440 --> 00:30:11,120 million users in just a handful of here. 531 00:30:11,680 --> 00:30:16,600 So question marks in my head of of what are they all doing? 532 00:30:16,960 --> 00:30:19,760 Who, who is this and why are they here? 533 00:30:21,320 --> 00:30:23,520 Some thoughts. But you know, Logan Mail, it's 534 00:30:23,520 --> 00:30:24,960 also going back to you first here. 535 00:30:24,960 --> 00:30:27,440 Did, did you see this? Do you have any read on what 536 00:30:27,440 --> 00:30:30,920 might be happening in the base ecosystem to drive 10 million 537 00:30:30,920 --> 00:30:32,840 new users? Yeah. 538 00:30:33,160 --> 00:30:36,320 So just from your tweets, Tyler, and some discovery of just a 539 00:30:36,320 --> 00:30:41,120 little bit beyond that, no real clear read, you know, as to what 540 00:30:41,120 --> 00:30:42,560 that is. Of course, we saw some headlines 541 00:30:42,560 --> 00:30:45,960 last week about AI agents starting to transact on base 542 00:30:45,960 --> 00:30:49,680 right with each other. You know, you have the Coinbase 543 00:30:49,680 --> 00:30:53,120 wallet connections and the easy onboarding to base from 544 00:30:53,120 --> 00:30:55,640 Coinbase, which has 100 million plus users as well. 545 00:30:56,200 --> 00:31:01,160 So it doesn't necessarily like, you know, strike me as odd or or 546 00:31:01,160 --> 00:31:05,360 strange that the numbers would be like this, but it also just 547 00:31:05,360 --> 00:31:09,080 doesn't mean anything to me or like matter too much to me 548 00:31:09,080 --> 00:31:13,480 personally. Like I'm not super excited at 549 00:31:13,480 --> 00:31:17,680 the number or the growth of base at at present time as an active 550 00:31:17,680 --> 00:31:22,720 user in web 3, nothing is still compelling enough to get me over 551 00:31:22,720 --> 00:31:27,440 there and and get me active on anything at at this point in 552 00:31:27,440 --> 00:31:28,720 time. So it doesn't mean anything to 553 00:31:28,720 --> 00:31:31,800 me, you know, I guess if you're in a different cohort of users, 554 00:31:31,800 --> 00:31:35,600 like if you're an active D5 person, maybe more active users 555 00:31:35,600 --> 00:31:38,520 monthly, you know, of course, increased TBL, those types of 556 00:31:38,520 --> 00:31:41,480 things matter to you more as a just a general participant. 557 00:31:41,920 --> 00:31:44,960 This doesn't matter so much aside from the fact that, you 558 00:31:44,960 --> 00:31:46,920 know, maybe it's time to start paying attention to the things 559 00:31:46,920 --> 00:31:52,240 that are being built on top of base, which again, I, I have not 560 00:31:52,240 --> 00:31:53,640 seen too much at at present time. 561 00:31:53,640 --> 00:31:55,960 That's got me super, super excited. 562 00:31:58,280 --> 00:32:01,960 Yeah, I I'd say I've got similar, similar read there. 563 00:32:04,440 --> 00:32:06,960 I so I put this out there. I got a lot of replies at first, 564 00:32:06,960 --> 00:32:09,880 no one really knew it. It seems like consensus is it's 565 00:32:10,400 --> 00:32:14,600 either large scale Sybil farming or perhaps it is, you know, 566 00:32:14,600 --> 00:32:18,520 bots, maybe even the start of of more AI agents being spun up, 567 00:32:19,880 --> 00:32:23,240 which is if that is the case, I think that is somewhat 568 00:32:23,720 --> 00:32:28,640 interesting. Does kind of raised the question 569 00:32:28,640 --> 00:32:31,800 of, you know, how do we think about users at all going forward 570 00:32:32,160 --> 00:32:34,560 on these chains? Another factor is, is this bull 571 00:32:34,960 --> 00:32:37,880 stock? So is Wall Street's going to see 572 00:32:37,880 --> 00:32:42,320 that they grew 10 million monthly actives in their next 573 00:32:42,320 --> 00:32:45,280 report? Is is that a something that 574 00:32:45,280 --> 00:32:49,440 perhaps moves the needle? Mando curious if you have any 575 00:32:49,440 --> 00:32:53,040 thoughts or reactions on these base user metrics kind of going 576 00:32:53,040 --> 00:32:53,560 around here. I. 577 00:32:54,400 --> 00:32:57,640 Just think it's all bullshit. That's basically what I think. 578 00:32:57,760 --> 00:33:00,080 Like Coinbase is AUS based platform generally. 579 00:33:02,400 --> 00:33:06,120 If there were 15,000,000 users on base I think we would know 580 00:33:06,120 --> 00:33:07,240 them. We would know them. 581 00:33:08,720 --> 00:33:12,600 So I think there's something going on here which is that they 582 00:33:12,600 --> 00:33:17,120 are clearly bots of some sort. Or it's highly like non economic 583 00:33:17,160 --> 00:33:19,400 actors. Like looking through this, part 584 00:33:19,400 --> 00:33:20,640 of the value seemed to be from MEV. 585 00:33:21,000 --> 00:33:23,760 So that would be bots. Part of the values seem to be 586 00:33:23,760 --> 00:33:27,240 from from Zora, the NFT platform, of which you have like 587 00:33:27,240 --> 00:33:30,120 a mass minting function. So maybe you're just getting 588 00:33:30,120 --> 00:33:34,280 like tons of wallets being created for for like different 589 00:33:34,320 --> 00:33:38,400 very low value mints. And then you also seem like 95% 590 00:33:38,400 --> 00:33:41,280 of old uniswap pools happening on base, but there's no base 591 00:33:41,280 --> 00:33:44,120 meme quinces. So like what is going on 592 00:33:45,000 --> 00:33:47,160 exactly? I think there's a lot of like 593 00:33:48,120 --> 00:33:51,520 there's just, there's just not a lot of value going on there. 594 00:33:51,520 --> 00:33:55,760 But it's maybe as in not a lot of, I'd say customer facing 595 00:33:55,760 --> 00:33:57,160 value. But it's probably a lot of 596 00:33:57,160 --> 00:34:02,560 different wallets being used for maybe very small low value 597 00:34:02,560 --> 00:34:06,440 economic transfers or maybe settling things on an L2 in some 598 00:34:06,440 --> 00:34:09,760 way and then and then being bridged back to the L1, I don't 599 00:34:09,760 --> 00:34:11,440 know. But it's this, this is a fake. 600 00:34:11,600 --> 00:34:18,199 This is a fake concept to have 15,000,000 users, and that's not 601 00:34:18,199 --> 00:34:22,920 fun to base like, oh, we've lost him, we've lost him, he's dead. 602 00:34:22,920 --> 00:34:25,760 He's going to have to come back. Yeah, basically I'm. 603 00:34:25,800 --> 00:34:31,040 I don't mind. This year, man, sorry I lost you 604 00:34:31,040 --> 00:34:33,600 for, for a second. So I, I jumped in for the for 605 00:34:33,600 --> 00:34:37,400 the spaces connection issue on my side folks. 606 00:34:37,719 --> 00:34:41,120 But I think what, what jumps out to me again is like they were 607 00:34:41,120 --> 00:34:44,199 chopping around 1,000,000 actives into March and then 608 00:34:44,199 --> 00:34:46,960 explosion really happened in April. 609 00:34:46,960 --> 00:34:50,440 It shot to 4 million back. Let's see, actually jump to 610 00:34:50,440 --> 00:34:55,880 yeah, 3.6 back down then it really has taken off here in the 611 00:34:55,880 --> 00:34:58,280 the last couple months. So like why? 612 00:34:58,280 --> 00:35:00,600 I understand that they're not really users. 613 00:35:00,680 --> 00:35:04,000 Like why are people even spinning up the Sybil bots to do 614 00:35:04,000 --> 00:35:06,400 this? Because that still takes time. 615 00:35:07,160 --> 00:35:08,600 Some people have said that you know there's going to be a 616 00:35:08,600 --> 00:35:10,640 massive air drop down the line like Coinbase. 617 00:35:11,200 --> 00:35:15,320 Coinbase may go down this route particularly after the next the 618 00:35:15,320 --> 00:35:19,360 next election. So maybe it's that maybe that 619 00:35:19,360 --> 00:35:23,040 people are hoping for AQ one or 2025 airdrops, something like 620 00:35:23,040 --> 00:35:25,640 that. They've obviously said several 621 00:35:25,640 --> 00:35:26,600 times they're not going to do it. 622 00:35:26,600 --> 00:35:31,480 But where do you think base as a token trades if BNB trades at 623 00:35:31,480 --> 00:35:37,400 100 billion and Arbitrum trades at six or seven now, right? 624 00:35:37,400 --> 00:35:38,840 I don't know what Arbitrum trades at. 625 00:35:42,480 --> 00:35:44,440 I think it's probably in between those two, right? 626 00:35:44,440 --> 00:35:49,240 Like it's, it's, it's not quite an L2 because it's so 627 00:35:49,240 --> 00:35:52,080 centralized and it has, it can, things can be built directly 628 00:35:52,080 --> 00:35:55,400 into Coinbase for like settling and, and for security. 629 00:35:55,960 --> 00:36:00,080 But but it's, it's still got kind of the maybe the, the 630 00:36:00,080 --> 00:36:03,440 ceiling of, of that L2 ETH narrative. 631 00:36:03,440 --> 00:36:08,360 So I reckon that's probably like a 40, thirty, $40 billion coin. 632 00:36:09,240 --> 00:36:13,280 Like it's probably like a ton, like maybe ton plus maybe like 633 00:36:13,760 --> 00:36:17,400 that sort of which I think is, you know, that's worth that's 634 00:36:17,400 --> 00:36:21,960 worth doing some siblings for. Is so I think 20 billion was the 635 00:36:21,960 --> 00:36:25,360 number in my head for roughly where I would put base to a base 636 00:36:25,360 --> 00:36:28,760 token to start. I could certainly be convinced 637 00:36:28,800 --> 00:36:33,120 hire and yeah, I guess why not start to format if you think 638 00:36:33,120 --> 00:36:35,880 there's any potential for it as well. 639 00:36:35,920 --> 00:36:38,920 I mean, certainly we a lot of us who did that with some of those 640 00:36:38,920 --> 00:36:45,280 NFTS in the past, luckily the perhaps some it'll be a bailout 641 00:36:45,280 --> 00:36:49,400 for us Frintech power users and all of those transactions, those 642 00:36:49,400 --> 00:36:54,320 are real transactions by the way in decent size. 643 00:36:55,080 --> 00:36:56,600 Maybe we'll get bailed out from that. 644 00:36:56,600 --> 00:36:59,560 So that that'll be it's still a very interesting narrative to 645 00:36:59,560 --> 00:37:01,720 watch in this market where there's not really a whole lot 646 00:37:02,200 --> 00:37:04,600 else going on. We've got about 10 minutes left 647 00:37:04,600 --> 00:37:06,640 in the show or so. Logan maybe switching gears, 648 00:37:06,640 --> 00:37:12,840 talking NFTSA bit on the week. It ended up being kind of 649 00:37:12,840 --> 00:37:18,480 roughly a, a a red week for most of the majors, but we got a 650 00:37:18,480 --> 00:37:22,120 runner over the weekend with this egg in Etsy. 651 00:37:22,120 --> 00:37:23,840 So what's the story here? Are you following this one? 652 00:37:24,520 --> 00:37:28,000 Yeah, a little bit. So the Crypto Kitty's account 653 00:37:28,920 --> 00:37:32,120 has started to to push more and more content about this, but it 654 00:37:32,120 --> 00:37:35,240 seems to have come from the Crypto Kitty slash Dapper Labs. 655 00:37:35,800 --> 00:37:38,040 Some of those original participants. 656 00:37:38,760 --> 00:37:43,360 It's an egg NFT and I believe it's going to take part in a 657 00:37:43,360 --> 00:37:46,320 telegram game. I can't remember what it's 658 00:37:46,320 --> 00:37:48,040 called all the Zen or something like that. 659 00:37:48,040 --> 00:37:51,720 I was trying to to mess around with it this morning and all I 660 00:37:51,720 --> 00:37:56,080 got was there's like a a 45 day timer and a couple clues and I 661 00:37:56,080 --> 00:37:59,640 just didn't, you know, didn't have the the keys to unlock the 662 00:37:59,640 --> 00:38:02,520 Riddle or whatever to get in and play if it is active at this 663 00:38:02,520 --> 00:38:06,040 point. Interesting to see this have 664 00:38:06,040 --> 00:38:10,920 blown up the way that it has, especially given, you know, 665 00:38:10,920 --> 00:38:14,440 whatever the narrative around NBA Top Shot and Dapper Labs, 666 00:38:15,000 --> 00:38:17,280 you know, think of them what you will, that they've built 667 00:38:17,280 --> 00:38:20,120 successful NFT projects. So it's just interesting to see 668 00:38:20,120 --> 00:38:23,920 another one come from them that's unrelated, seemingly at 669 00:38:23,920 --> 00:38:27,200 least in some way, right to to those others. 670 00:38:27,920 --> 00:38:31,080 People are yearning for this, you know, people, people want 671 00:38:31,080 --> 00:38:34,960 to, you know, play the game. People want to have the FOMO so 672 00:38:34,960 --> 00:38:37,440 it doesn't surprise me to see an NFT men, especially one of those 673 00:38:37,440 --> 00:38:41,200 really really cheap run up sustainability of such, 674 00:38:41,560 --> 00:38:44,400 especially one that has like execution points and clear 675 00:38:44,400 --> 00:38:48,240 execution risk. If there is a game attached, I 676 00:38:48,240 --> 00:38:49,680 don't know. We'll see. 677 00:38:49,680 --> 00:38:51,240 We'll see what happens in the in the coming days. 678 00:38:51,240 --> 00:38:55,360 I would not be buying personally wouldn't be buying a 0.3 ETH. 679 00:38:55,680 --> 00:38:59,600 Not a chance if 0.010.02. OK. 680 00:38:59,600 --> 00:39:01,200 Yeah, you can convince me to buy something there. 681 00:39:03,000 --> 00:39:04,240 It's a little trickier to buy here. 682 00:39:04,240 --> 00:39:07,000 I I would agree, I think. Well, I didn't quite realize I I 683 00:39:07,000 --> 00:39:08,680 watched this loosely over the weekend. 684 00:39:08,680 --> 00:39:13,960 I, I was I wasn't really online or or trading much, but I miss 685 00:39:13,960 --> 00:39:16,440 the fact that what there's only 3100. 686 00:39:16,440 --> 00:39:19,680 So that is that that makes the run make a little bit more 687 00:39:19,680 --> 00:39:22,480 sense. Doesn't doesn't require quite as 688 00:39:22,480 --> 00:39:26,040 much buy volume. But I mean, what's what's the 689 00:39:26,040 --> 00:39:28,840 last in a team it that you saw go 30X? 690 00:39:29,600 --> 00:39:34,560 Can you even recall one? No, I I cannot, not at this 691 00:39:34,560 --> 00:39:39,880 point in time. 30XI mean that may be like a random Solana NFT, 692 00:39:40,800 --> 00:39:43,120 like a super cheap one. I'm not sure, but it probably 693 00:39:43,120 --> 00:39:47,520 was like no. I mean, so on August 31st, that 694 00:39:47,520 --> 00:39:52,600 was Saturday or maybe yeah, that was Saturday, Saturday, Saturday 695 00:39:52,600 --> 00:39:55,880 afternoon you could have bought these still at Point O1 then 696 00:39:56,080 --> 00:39:59,440 yeah legit 30X seems like you could have bought them in decent 697 00:39:59,440 --> 00:40:01,680 size. So a nice win or anyone was 698 00:40:01,680 --> 00:40:03,640 around. But then Logan, so there's a 699 00:40:03,640 --> 00:40:06,960 telegram component and there's a flow component. 700 00:40:07,120 --> 00:40:09,160 These are going to be on flow is. 701 00:40:09,320 --> 00:40:14,680 That no, I'm sorry, I just meant coming from the that that team 702 00:40:14,680 --> 00:40:19,040 and the Dapper Labs flow connection. 703 00:40:19,600 --> 00:40:22,040 I, I I don't. Know this from ICO Beast this 704 00:40:22,040 --> 00:40:25,440 morning, and this may not be confirmed yet, but he says he 705 00:40:25,440 --> 00:40:28,440 published an eggs update. He was kind of published all 706 00:40:28,440 --> 00:40:29,560 weekend. He said it looks like they're 707 00:40:29,560 --> 00:40:31,400 doing something on the Flow blockchain. 708 00:40:32,440 --> 00:40:34,400 But then there was also this Telegram component. 709 00:40:34,840 --> 00:40:37,920 I guess wouldn't be a huge surprise if they did something 710 00:40:37,920 --> 00:40:44,160 on Flow, but yeah. Now, I mean, that would make 711 00:40:44,920 --> 00:40:46,760 that would make the most sense actually for them to do 712 00:40:46,760 --> 00:40:50,000 something on flow given that's their blockchain, right? 713 00:40:50,000 --> 00:40:53,920 And that's where crypto kitties, you know, it was supposed to be 714 00:40:53,920 --> 00:40:55,360 moving. I'm not sure if they're all the 715 00:40:55,360 --> 00:40:57,920 way over there yet or if that move ever actually took place. 716 00:40:59,320 --> 00:41:01,040 So yeah, that that would that would make sense. 717 00:41:01,840 --> 00:41:04,200 But would that kill the momentum of the ETH NFT? 718 00:41:05,960 --> 00:41:12,400 I, I would personally say yes. I I don't, I don't know I would. 719 00:41:12,640 --> 00:41:15,000 Think so as well. Not a whole lot of action on 720 00:41:15,000 --> 00:41:16,920 flow. We saw doodles just bridge off, 721 00:41:18,480 --> 00:41:21,320 but we will see. It was a fun story from the 722 00:41:21,320 --> 00:41:24,520 weekend. In other NFT news, we saw punks. 723 00:41:24,520 --> 00:41:26,640 Punks are back down to 27 1/2 ET. 724 00:41:26,640 --> 00:41:31,320 Looks like 1A punk whale who scooped up like 100 of these 725 00:41:32,040 --> 00:41:34,880 back in 2021 paid pretty high prices. 726 00:41:34,880 --> 00:41:37,960 They've been taking loans out on Meta St. 727 00:41:37,960 --> 00:41:43,760 It looks like they let 20 punks expire, so those 20 have been 728 00:41:43,760 --> 00:41:46,840 sold off here over the weekend. That drove the floor down about 729 00:41:46,840 --> 00:41:51,880 10%. So we're back to 27 1/2, kind of 730 00:41:51,880 --> 00:41:54,760 killing what had been a nice week for punks. 731 00:41:54,760 --> 00:41:57,840 And then perhaps the biggest surprise story this, this broke 732 00:41:57,840 --> 00:42:01,000 late Friday. So perhaps a couple days old 733 00:42:01,000 --> 00:42:02,840 now. But Sugartown, Zynga is empty. 734 00:42:02,840 --> 00:42:06,560 They got CTO, the community has taken over. 735 00:42:07,040 --> 00:42:12,560 Sugartown say the future is now. Welcome to D20 Labs, led by our 736 00:42:12,560 --> 00:42:14,800 founders in Wolf and and Tommy Ingo. 737 00:42:15,360 --> 00:42:18,360 They've acquired all the products and assets under 738 00:42:18,360 --> 00:42:22,160 Sugartown from Zynga. Now they're moving full steam 739 00:42:22,160 --> 00:42:25,560 ahead to create the future of rewarded play. 740 00:42:26,120 --> 00:42:30,400 If we look at the Sugar Town auras price action, the market 741 00:42:30,400 --> 00:42:34,840 did not love it. So they they are down about 27% 742 00:42:34,920 --> 00:42:41,880 on the week at 0.125 E Logie, I'll toss this one back to you 743 00:42:41,880 --> 00:42:44,720 here as well. Did you see this news any any 744 00:42:44,720 --> 00:42:48,840 early reactions to the Auras CTO? 745 00:42:49,360 --> 00:42:50,880 Is this a bullish CTO? Bearish. 746 00:42:50,880 --> 00:42:54,840 What's your take? Man, you know, no disrespect to 747 00:42:54,840 --> 00:42:58,800 those you know, taking over the project, you know, and their 748 00:42:58,800 --> 00:43:03,160 ambitions here, but this is bearish to me. 749 00:43:03,160 --> 00:43:05,360 The, the, the big thing surrounding Sugar town, at least 750 00:43:05,360 --> 00:43:07,640 from my perspective, and I feel like the market's perspective 751 00:43:07,640 --> 00:43:10,200 was Zynga's connection to this, right. 752 00:43:10,200 --> 00:43:16,360 This is a a major gaming player, a major potential on border and 753 00:43:16,360 --> 00:43:18,560 it seemed like they're committing notable resources, 754 00:43:18,640 --> 00:43:23,480 you know, to a web three-game and you know, less than a year 755 00:43:23,480 --> 00:43:26,880 since launch, right, maybe a about a year. 756 00:43:27,080 --> 00:43:30,760 I think it launched last fall and they've already kind of 757 00:43:30,760 --> 00:43:34,080 washed their hands of it and you know, and and pushed the assets 758 00:43:34,080 --> 00:43:39,440 outside of Zynga control doesn't doesn't feel great to me. 759 00:43:41,880 --> 00:43:43,840 I, I don't, I don't really know what to say I mean. 760 00:43:44,440 --> 00:43:49,000 Yeah, that's we don't want to sit here and beat a dead horse, 761 00:43:49,080 --> 00:43:51,720 wish the team success. I think it's a little bit harder 762 00:43:51,720 --> 00:43:53,200 to see the upside. I think it's kind of bears for 763 00:43:53,200 --> 00:43:56,160 Web 3 gaming. If you remember Q1, I mean the 764 00:43:56,280 --> 00:44:00,440 one of the biggest narratives in NFTS in Web 3 was Web 3 gaming. 765 00:44:00,440 --> 00:44:02,840 We had the Prime Token taking off. 766 00:44:02,840 --> 00:44:05,560 I think that was driving a lot, helping to drive a lot of the 767 00:44:05,560 --> 00:44:09,320 action, but seem like that narrative that has come to 768 00:44:09,320 --> 00:44:15,080 fruition here so far in 2024 and now big players are exiting. 769 00:44:15,080 --> 00:44:20,920 So I I don't know that is a great sign, but we we saw some 770 00:44:20,920 --> 00:44:23,840 decent. Let's see who who were winners 771 00:44:23,840 --> 00:44:25,560 on the week. I want to look for our our wreck 772 00:44:25,560 --> 00:44:29,000 guys. I want wreck guys up. 773 00:44:29,280 --> 00:44:33,720 I saw them hit .5 or or close. They got there just grinding up 774 00:44:33,720 --> 00:44:36,760 over the month. So nice, nice movement there. 775 00:44:36,760 --> 00:44:40,800 Those wrecked drank points are starting to make a splash. 776 00:44:41,760 --> 00:44:44,800 Did you see the Yuga workshop news that that broke late 777 00:44:44,800 --> 00:44:47,600 Friday? Logan that was, I thought that 778 00:44:47,600 --> 00:44:50,880 was kind of a bombshell that Garga dropped somewhat casually 779 00:44:51,320 --> 00:44:53,960 on a Friday. And has that changed your 780 00:44:53,960 --> 00:44:57,560 perspective on on Yuga? You know, I've been, I've been 781 00:44:57,560 --> 00:45:00,560 bearish Yuga. I've been outspoken about not 782 00:45:00,560 --> 00:45:04,680 feeling like I I would ever really buy one man, My opinion 783 00:45:04,680 --> 00:45:07,400 is slowly changing. I think that was a really 784 00:45:07,400 --> 00:45:10,640 interesting thing drop then of kind of a Friday afternoon and 785 00:45:10,640 --> 00:45:13,040 we're heading into ape fest in about a month. 786 00:45:13,120 --> 00:45:16,120 I I believe, right, like something real cool could be 787 00:45:16,120 --> 00:45:19,960 coming pretty soon. So that's that's really exciting 788 00:45:19,960 --> 00:45:22,440 to see that, you know, they've shaken off some of that 789 00:45:23,160 --> 00:45:25,800 corporate feel, right. That was very much part of when 790 00:45:25,800 --> 00:45:30,520 he took back over what what was going to come or what he 791 00:45:30,520 --> 00:45:32,080 suggested what would come, right. 792 00:45:32,080 --> 00:45:34,400 They get back to the roots of kind of like F it. 793 00:45:34,400 --> 00:45:36,960 Let's let's, you know, send shit. 794 00:45:37,800 --> 00:45:40,520 So I'm I'm really curious to see what comes out of the workshop, 795 00:45:41,360 --> 00:45:44,080 what types of things, you know, this team it could be working 796 00:45:44,080 --> 00:45:47,120 through now they've kind of maybe re embrace some of that. 797 00:45:47,120 --> 00:45:49,360 And then you also, of course, have ape chain and all the 798 00:45:49,360 --> 00:45:51,160 potential incentives that are coming there. 799 00:45:51,480 --> 00:45:53,360 Some cool stuff could be could be coming. 800 00:45:53,880 --> 00:45:56,680 I'm at this point in time, I'm not fading them. 801 00:45:56,680 --> 00:46:00,440 I wouldn't necessarily be shorting apes at this point in 802 00:46:00,440 --> 00:46:03,080 time. I'm still not, you know, of 803 00:46:03,080 --> 00:46:07,560 course, ready to to make a super bullish splash buy of an ape. 804 00:46:07,560 --> 00:46:10,560 You know, I don't have that level of connection, but they're 805 00:46:10,560 --> 00:46:13,680 turning me a little over the course of the last few weeks. 806 00:46:13,720 --> 00:46:15,920 Not quite the God's level, but they're they're turning me a 807 00:46:15,920 --> 00:46:18,120 little. I've had multiple people ping me 808 00:46:18,120 --> 00:46:21,200 in the last month asking if ape is a ape coin is a buy. 809 00:46:23,040 --> 00:46:26,400 And I think if you want to lay out what are scenarios where ape 810 00:46:26,400 --> 00:46:30,960 coin can rally again, I think you need ape chain to be 811 00:46:30,960 --> 00:46:33,120 successful and you need to have good ABS. 812 00:46:33,320 --> 00:46:38,880 I don't know that we really saw the path to that until Garga 813 00:46:38,880 --> 00:46:41,880 laid out this workshop idea. So some of they've got a team of 814 00:46:41,880 --> 00:46:45,080 13 who are some of their best people building apps and they've 815 00:46:45,080 --> 00:46:50,000 been kind of running and test them out internally and having 816 00:46:50,000 --> 00:46:54,040 product workshop days in house. I think you have to be happy 817 00:46:54,040 --> 00:46:57,480 about that. As an Apricorn holder, I don't 818 00:46:57,480 --> 00:47:02,840 know that I'm racing out to buy it, but it's a Jesus. 819 00:47:02,840 --> 00:47:06,360 It's $0.60. It's still at 359 million market 820 00:47:06,360 --> 00:47:09,760 gap. I don't think the I don't think 821 00:47:09,760 --> 00:47:12,680 the ape all eight team you got labs team. 822 00:47:12,680 --> 00:47:15,640 They like apron. Like I even remember trying to 823 00:47:15,640 --> 00:47:20,040 speak to who I tried to speak. I tried to speak to Gordon maybe 824 00:47:20,040 --> 00:47:22,600 before he quit. Like I remember asking him about 825 00:47:22,600 --> 00:47:25,480 it and he was just like, oh, we don't even speak to those guys. 826 00:47:25,760 --> 00:47:29,760 Like I actually think that there is very, very little 827 00:47:29,760 --> 00:47:34,200 communication or planning between the 8 point team and 828 00:47:34,200 --> 00:47:36,800 board 8. And I think if I'm sitting there 829 00:47:36,800 --> 00:47:40,120 and I'm Gaga right now, that's just one of the other bits of 830 00:47:40,120 --> 00:47:44,520 baggage from just like, you know what, no, that's not my 831 00:47:44,520 --> 00:47:47,080 responsibility. That was a free air drop for 832 00:47:47,080 --> 00:47:48,760 everyone. People made money. 833 00:47:49,440 --> 00:47:51,720 They can work out with the stuff that we're doing if we can 834 00:47:51,720 --> 00:47:53,760 integrate it. It's kind of the same as the 835 00:47:53,760 --> 00:47:55,040 other side. I think it's just going to leave 836 00:47:55,040 --> 00:47:57,240 a lot of this stuff behind and just focus on the board apes 837 00:47:57,240 --> 00:48:00,080 themselves and create some fun stuff around that. 838 00:48:00,080 --> 00:48:05,320 So I think we literally the only asset to buy in Inyuga is is 839 00:48:05,320 --> 00:48:09,040 boarded they or or maybe mutes like because I think they also 840 00:48:09,040 --> 00:48:13,560 have some culture as well. But yeah, I would be very, very 841 00:48:13,560 --> 00:48:17,160 wary buying non board ape. You go labs but puffin punks 842 00:48:17,160 --> 00:48:19,800 obviously but. Yeah, I, I support that thesis 843 00:48:19,800 --> 00:48:21,440 as well. I think that that makes a lot of 844 00:48:21,440 --> 00:48:22,800 sense. I wouldn't want to touch 845 00:48:22,920 --> 00:48:24,960 anything else. Nothing else even stands out as 846 00:48:25,120 --> 00:48:29,800 a what, you know, why would you? Except for downstream effects 847 00:48:29,800 --> 00:48:32,280 that you know board apes would get first anyway. 848 00:48:33,360 --> 00:48:36,760 Yeah. Maybe mutants are mutants 849 00:48:36,760 --> 00:48:39,280 interesting here, mutants historically traded at closer to 850 00:48:39,280 --> 00:48:42,960 5 to one apes, if I remember correctly. 851 00:48:43,080 --> 00:48:45,360 So they're sitting at six to one, you know, perhaps an 852 00:48:45,360 --> 00:48:50,120 interesting little wing trade, but bored apes over ape coin. 853 00:48:50,120 --> 00:48:53,320 You heard it here first, folks. I think that that's a good round 854 00:48:53,320 --> 00:48:57,440 up on our NFT segment. I think that the last story here 855 00:48:57,440 --> 00:49:00,560 for today. I'm not sure if I've got a 856 00:49:00,560 --> 00:49:02,080 tablet before, but it was pulled up. 857 00:49:02,080 --> 00:49:07,200 So predict that fun is finally set to launch on Blast today 858 00:49:07,200 --> 00:49:10,960 that they've been kind of ramping up the the marketing 859 00:49:10,960 --> 00:49:16,080 hype over the last few days and and week they've launched their 860 00:49:16,080 --> 00:49:18,800 discord yesterday, they announced yesterday as well that 861 00:49:18,800 --> 00:49:21,920 they are going to be paying for users gas, so gasless 862 00:49:21,920 --> 00:49:23,760 transactions. So now that I think that the 863 00:49:23,760 --> 00:49:27,040 pitch for predict that fun, if you were trying to make it is 864 00:49:27,040 --> 00:49:30,480 you've got the native yield on Blast, you've got gasless 865 00:49:30,480 --> 00:49:36,120 transactions and then 879,000 Blast gold going to market 866 00:49:36,120 --> 00:49:40,360 makers. So in theory, they should have 867 00:49:40,360 --> 00:49:45,480 somewhat somewhat decent liquidity on on their leading 868 00:49:45,480 --> 00:49:47,080 markets. I think there's still a lot of 869 00:49:47,080 --> 00:49:49,240 open questions on the, you know, what's the UI going to look 870 00:49:49,240 --> 00:49:52,440 like? Will VPN be required? 871 00:49:52,440 --> 00:49:54,920 Actually on the show there this morning, they're talking about 872 00:49:54,920 --> 00:49:57,920 perhaps VPN not being required. If that's the case, I think that 873 00:49:57,920 --> 00:50:01,960 actually is a leg up over Polymarket. 874 00:50:01,960 --> 00:50:04,520 I'm not sure if they're going to be able to pull that off or not. 875 00:50:04,920 --> 00:50:09,600 So we will find out later today. I saw the launch coming for 876 00:50:09,600 --> 00:50:12,720 noon. I think this is the biggest, 877 00:50:13,040 --> 00:50:15,120 biggest story in the Blast ecosystem right now. 878 00:50:15,120 --> 00:50:18,240 So you've got Fantasy top, which hit another local high in 879 00:50:18,240 --> 00:50:22,160 trading volume over the weekend. It's kind of bringing hype back 880 00:50:22,160 --> 00:50:25,160 to Blast. You've got Pac-Man fully behind. 881 00:50:25,160 --> 00:50:27,880 Predict that fun. I think we can expect him to 882 00:50:27,880 --> 00:50:32,280 tweet about it somewhat frequently here in in the weeks, 883 00:50:32,280 --> 00:50:35,520 days and weeks to come. Prediction markets are are as 884 00:50:35,520 --> 00:50:40,080 hot as ever. Bridget and Polygon is kind of a 885 00:50:40,080 --> 00:50:41,960 pain in the ass like we've talked about on this show like 886 00:50:41,960 --> 00:50:45,960 it that is, it is not the the most fun onboarding process. 887 00:50:45,960 --> 00:50:52,240 If a blast app is able to to make that process easier and 888 00:50:52,240 --> 00:50:57,480 they've got decent lines. I I see the upside Logany, we 889 00:50:57,480 --> 00:50:59,160 talked about this in depth on Friday, so I don't want to 890 00:50:59,160 --> 00:51:02,080 rehash that entire conversation, but any additional thoughts of 891 00:51:02,080 --> 00:51:04,160 what you've seen on on predict that fund you think they're 892 00:51:04,160 --> 00:51:07,320 going to be able to take some market share away from the the 893 00:51:07,320 --> 00:51:10,880 behemoth that is polymarket? Yeah, it'll be interesting. 894 00:51:10,880 --> 00:51:13,680 I'm really excited to see what type of markets come out in kind 895 00:51:13,680 --> 00:51:17,600 of first day here. You know, remember bet the drift 896 00:51:17,600 --> 00:51:23,080 protocol over on Solana has a lot of those differentiators 897 00:51:23,080 --> 00:51:25,040 like the onboarding is a little bit easier that those types of 898 00:51:25,040 --> 00:51:28,880 things, right, But only a couple markets for folks to participate 899 00:51:28,880 --> 00:51:31,600 in. So you know, is it going to be 900 00:51:31,800 --> 00:51:34,160 cut and paste same markets as Polymarket? 901 00:51:34,480 --> 00:51:37,560 I'm not sure that's the the best way to steal even with the 902 00:51:37,560 --> 00:51:39,720 incentives but I'm interested to see. 903 00:51:39,720 --> 00:51:41,840 I joined the discord. I actually just re scrolled 904 00:51:41,840 --> 00:51:43,720 through it. There's nothing like of note at 905 00:51:43,720 --> 00:51:45,880 this point in time. There's a couple channels for 906 00:51:45,880 --> 00:51:47,920 like markets and market proposals. 907 00:51:47,920 --> 00:51:52,080 I didn't really see anything in there in a quick peruse, but I 908 00:51:52,080 --> 00:51:54,640 will be ready to potentially participate for sure. 909 00:51:56,360 --> 00:51:57,720 Let me see what the markets look like. 910 00:51:57,720 --> 00:52:00,000 Let me see what types of markets there are as well. 911 00:52:00,000 --> 00:52:02,240 You know, is this they're going to go super degenerate kind of 912 00:52:02,240 --> 00:52:05,320 weird, like almost like mentioned market esque type 913 00:52:05,320 --> 00:52:07,560 stuff and only that. Are they going to try to be 914 00:52:07,560 --> 00:52:10,800 super legitimate with like only presidential election, like top 915 00:52:10,800 --> 00:52:13,200 high quality type liquidity markets? 916 00:52:14,200 --> 00:52:17,200 Those are the things that are I think jury's still out on, of 917 00:52:17,200 --> 00:52:20,640 course, that I'll be interested to see later today. 918 00:52:21,720 --> 00:52:25,280 Yeah, Primary election, that's a let down. 919 00:52:26,280 --> 00:52:30,080 As a user, I've got no desire to to go and and bet more on either 920 00:52:30,080 --> 00:52:33,720 these election markets that have been, you know, maturing for for 921 00:52:33,720 --> 00:52:35,160 several months on, on Polymarket. 922 00:52:35,160 --> 00:52:37,240 Of course, unless they're significantly different. 923 00:52:37,680 --> 00:52:40,200 And then like if there's an ARB, I can see that driving volume. 924 00:52:40,200 --> 00:52:43,320 I think for them to win, they need to be keeping up with the 925 00:52:43,360 --> 00:52:47,560 the breaking news in the new daily lines that Polymarket is 926 00:52:47,560 --> 00:52:50,760 running out right now. I mean, these mentioned markets, 927 00:52:50,760 --> 00:52:52,560 like what? Like what will Trump say during 928 00:52:52,560 --> 00:52:56,160 a Lex Friedman interview that's got $120,000 bet A lot of these 929 00:52:56,160 --> 00:52:59,960 rallies that we've seen generate half a million to seven figures 930 00:52:59,960 --> 00:53:01,400 in action. Like they're going to have to 931 00:53:01,400 --> 00:53:05,320 run out lines like that on a daily basis for them to be able 932 00:53:05,320 --> 00:53:07,280 to compete in any way with the the volumes. 933 00:53:07,280 --> 00:53:11,520 I think maybe that's not what they're going after, at least 934 00:53:11,520 --> 00:53:13,840 from a from a fun perspective. I mean, if they're just going to 935 00:53:13,840 --> 00:53:17,960 run out all the state lines and let you park liquidity there, I 936 00:53:17,960 --> 00:53:19,880 don't know that that's going to attract a whole lot of users 937 00:53:19,880 --> 00:53:22,440 other than perhaps whales looking to to clip a few extra 938 00:53:22,440 --> 00:53:27,640 points of native yield. But that option will will likely 939 00:53:27,680 --> 00:53:31,400 be out there. But we will certainly see. 940 00:53:31,400 --> 00:53:32,920 So happy for them. It is launched. 941 00:53:32,920 --> 00:53:35,760 I've got the launch time noon Eastern, so coming up here in 942 00:53:35,760 --> 00:53:40,640 just a few hours. So we will report back on that 943 00:53:40,640 --> 00:53:44,240 tomorrow. As for today's show, folks, I 944 00:53:44,240 --> 00:53:46,720 think that is a round up of our top stories. 945 00:53:46,720 --> 00:53:52,880 Got word from the the booth no robit spins today we will return 946 00:53:52,880 --> 00:53:55,840 tomorrow folks. The reason for that is in house 947 00:53:55,840 --> 00:53:59,920 we've been working on a better spinner picker tool to avoid 948 00:54:00,400 --> 00:54:03,680 batter's multi counters winning those robit spins. 949 00:54:03,680 --> 00:54:06,520 So we've got a solution we're going to be rolling that out 950 00:54:06,720 --> 00:54:08,040 tomorrow. So make sure you tune in 951 00:54:08,040 --> 00:54:12,040 tomorrow for those robit spins for today though that is it that 952 00:54:12,040 --> 00:54:14,280 is going to be our show. Thanks for tuning in to another 953 00:54:14,280 --> 00:54:18,520 episode of FOMO. Our we will be back on Wednesday 954 00:54:18,840 --> 00:54:22,760 to breakdown this predictive fun launch all action from today and 955 00:54:22,760 --> 00:54:25,120 of course our robot spits now tomorrow. 956 00:54:25,120 --> 00:54:27,440 So everyone go have a great Tuesday. 957 00:54:27,440 --> 00:54:28,800 Let's make a beautiful day. Goodbye.