1 00:00:08,080 --> 00:00:18,800 Yo-yo, yo, what up? Good morning, good morning. 2 00:00:19,840 --> 00:00:21,560 Check, check, check, check, check, check, check, check. 3 00:00:21,560 --> 00:00:26,080 I'm back. I'm so back yo-yo, yo-yo, what 4 00:00:26,080 --> 00:00:27,200 up, what up? Good morning, good morning, 5 00:00:27,200 --> 00:00:29,400 GMGM. What they say. 6 00:00:29,520 --> 00:00:34,520 Oh, of course it is. Monday, June 17th, 20244444. 7 00:00:34,640 --> 00:00:35,960 Definitely a lot of fours out there right now. 8 00:00:35,960 --> 00:00:38,760 Let me tell you all that another beautiful day to have a 9 00:00:38,760 --> 00:00:40,960 beautiful day. Another beautiful week to have a 10 00:00:40,960 --> 00:00:44,240 beautiful week. Oh my God, the sun is shining in 11 00:00:44,240 --> 00:00:47,280 the South of France. I like how the Brits say South 12 00:00:47,280 --> 00:00:48,720 of France. That's why I say like that. 13 00:00:48,720 --> 00:00:51,480 It's like South of France, like France or France. 14 00:00:51,600 --> 00:00:56,400 Yeah, that sounds better. Anyways, I'm sorry for my shitty 15 00:00:56,400 --> 00:00:58,880 spotty Wi-Fi. I'm out of a hotel and I have to 16 00:00:58,880 --> 00:01:01,360 check into the new place, but it didn't let me check until 5:00 17 00:01:01,360 --> 00:01:03,040 PM. So I'm kind of like in between 18 00:01:03,040 --> 00:01:04,920 right now. That's why I'm hosting outside, 19 00:01:04,920 --> 00:01:08,280 not because I want to. I got my Co host in the house, 20 00:01:08,520 --> 00:01:10,920 Tyler Mando. Good morning lads. 21 00:01:11,000 --> 00:01:14,640 How you guys doing today? Awesome man, great weekend. 22 00:01:14,640 --> 00:01:18,280 What about you? Incredible weekend. 23 00:01:18,880 --> 00:01:22,440 A lot of pooling was done. A lot of I got, I got a lot of 24 00:01:22,440 --> 00:01:23,560 sun. I think I'm looking better on 25 00:01:23,560 --> 00:01:24,480 camera. You know, I got a little 26 00:01:24,560 --> 00:01:26,440 sunshine. My freckles are out, you know, 27 00:01:26,720 --> 00:01:28,560 kind of like the vibes. Tyler, how you doing? 28 00:01:29,680 --> 00:01:32,640 Good, great Father's Day weekend here in Chicago. 29 00:01:32,880 --> 00:01:35,320 Weather was gorgeous and man, it's we're heating up. 30 00:01:35,320 --> 00:01:38,640 We're in the 90s now. So I think that's like 30, 31 00:01:38,640 --> 00:01:42,400 little, 30 Celsius for you Celsius folks out there. 32 00:01:43,080 --> 00:01:45,440 So we are in full time summer mode. 33 00:01:46,760 --> 00:01:49,840 Yeah, Freedom Units. Freedom Units is about 90. 34 00:01:49,840 --> 00:01:52,000 Freedom Units is about 30 Celsius, something like that. 35 00:01:52,000 --> 00:01:55,920 Like high 20s, high 20s, thirty. Mix it maximum, maybe. 36 00:01:55,920 --> 00:01:57,080 That's pretty nice. How was your Father's Day, 37 00:01:57,080 --> 00:01:59,520 Tyler? It was good. 38 00:01:59,520 --> 00:02:00,960 You know, we, we did all the summertime stuff. 39 00:02:00,960 --> 00:02:04,760 We went to the pool, went to a concert Saturday night, had a a 40 00:02:05,400 --> 00:02:07,960 sitter, so actually got away from the kids and then we spent 41 00:02:07,960 --> 00:02:09,280 the, the whole day together yesterday. 42 00:02:10,080 --> 00:02:11,480 So it was. It was an awesome one. 43 00:02:13,960 --> 00:02:16,000 All right, all right, well, Mando, I would ask you how your 44 00:02:16,000 --> 00:02:18,680 Father's Day was, 'cause I think was it your first one, your 45 00:02:18,680 --> 00:02:20,080 second one, No second Father's Day. 46 00:02:20,560 --> 00:02:22,560 But the cleaner just got started. 47 00:02:22,560 --> 00:02:24,280 The vacuum in this room. Don't go to me. 48 00:02:24,320 --> 00:02:28,080 OK, We'll go to you after when the vacuum. 49 00:02:28,120 --> 00:02:33,760 I love that. It's so funny from our to group 50 00:02:33,760 --> 00:02:36,040 chat. Anyways, man, you guys should 51 00:02:36,040 --> 00:02:37,200 see this view I'm looking at right now. 52 00:02:37,200 --> 00:02:39,840 It is absolutely splendid. I mean, I'm not going to move to 53 00:02:39,840 --> 00:02:42,360 my my laptop because I don't want to jeopardize the Wi-Fi. 54 00:02:42,360 --> 00:02:49,960 I'll post a video after, but it is it is quite nice out there. 55 00:02:49,960 --> 00:02:51,360 Anyways, they'll show to day today. 56 00:02:51,360 --> 00:02:52,360 What do we got? What do we got? 57 00:02:52,360 --> 00:02:54,120 What do we got? Market report as usual. 58 00:02:54,400 --> 00:02:57,000 Mendel came on and he was like, oh, oh, the burgers are selling. 59 00:02:57,200 --> 00:02:58,880 I'm not opening a coin market cap because I can't. 60 00:02:58,880 --> 00:03:00,160 I don't want to mess with my Wi-Fi. 61 00:03:00,920 --> 00:03:02,120 But I don't think we're doing great. 62 00:03:02,400 --> 00:03:04,120 You know what? Maybe Mandel jinxed us because 63 00:03:04,160 --> 00:03:07,280 his Mandel menace this morning sent a notification that Bitcoin 64 00:03:07,280 --> 00:03:09,040 went under 60 Ki. Don't I? 65 00:03:09,160 --> 00:03:11,280 I wonder how many people read his. 66 00:03:11,400 --> 00:03:14,800 A lot of people I know read his like minutes first before even 67 00:03:14,800 --> 00:03:16,960 opening coin market cap. So I wonder how many people 68 00:03:17,600 --> 00:03:20,240 actually freaked out. It's one of those like coin 69 00:03:20,240 --> 00:03:25,120 telegraphic intern moments. Yeah, so we had that going on. 70 00:03:25,120 --> 00:03:27,400 So we'll talk about the market, of course. 71 00:03:28,240 --> 00:03:30,680 And then and then of course, we'll go through Tyler's top 72 00:03:30,680 --> 00:03:32,080 100. That's why I'm calling it right 73 00:03:32,080 --> 00:03:33,320 now. By the way, Tyler, Tyler's top 74 00:03:33,320 --> 00:03:34,600 100. I think it's easier. 75 00:03:34,600 --> 00:03:36,240 You can have three, you can have 17. 76 00:03:36,560 --> 00:03:38,400 You're free. I think it makes it easier. 77 00:03:38,400 --> 00:03:41,520 But I'm sure we'll talk about ZK, maybe we'll talk a little 78 00:03:41,520 --> 00:03:42,720 bit about what's going on over the weekend. 79 00:03:42,720 --> 00:03:46,440 But to me, it's kind of a mess. And then of course, I'm sure 80 00:03:46,440 --> 00:03:48,680 there's a lot of stuff to talk about between from doodles 81 00:03:48,680 --> 00:03:52,600 moving to base and in other news, bunch of people quitting 82 00:03:52,600 --> 00:03:54,960 the SEC, etcetera, etcetera, etcetera. 83 00:03:55,960 --> 00:04:01,440 And then last but not least, last but not least, this show is 84 00:04:01,440 --> 00:04:05,600 powered by Moon Pay and fair side to buy crypto with PayPal, 85 00:04:05,880 --> 00:04:08,640 download the Moon Pay app. And then once you do that, get 86 00:04:08,640 --> 00:04:12,280 on fair site network on X wallet coverage for drains, scams and 87 00:04:12,360 --> 00:04:15,200 more. Anyways, Anyways, anyways, 88 00:04:15,360 --> 00:04:18,680 without further ado, let's get right into it. 89 00:04:18,680 --> 00:04:20,040 Mando, do you think I can go to you? 90 00:04:20,040 --> 00:04:21,959 Yeah. You can go to me now. 91 00:04:22,760 --> 00:04:24,080 Do we have the? Do we have the jingles? 92 00:04:24,080 --> 00:04:25,480 We'll have the jingles live for tomorrow. 93 00:04:25,480 --> 00:04:26,480 We'll have the jingles ready tomorrow. 94 00:04:27,360 --> 00:04:29,760 OK, so I'm OK, so one more chance for me to sing him. 95 00:04:30,040 --> 00:04:33,440 He is the man Macro daddy of the land. 96 00:04:35,520 --> 00:04:41,120 Mando, can you dig it? GM So yeah, the market's not 97 00:04:41,120 --> 00:04:44,640 looking so good. I was just looking at it now and 98 00:04:44,640 --> 00:04:50,240 seemingly we had an OK weekend. Most things were kind of 99 00:04:50,240 --> 00:04:52,960 bouncing back from a week Friday. 100 00:04:53,680 --> 00:04:57,160 And then this morning I opened up and everything was down about 101 00:04:57,160 --> 00:05:00,040 5 to 10%, kind of across the board, really. 102 00:05:00,840 --> 00:05:04,400 Bitcoin dominance rising a lot of altcoins, particularly some 103 00:05:04,400 --> 00:05:09,480 of the low low current market cap, high FDV coins have been 104 00:05:09,480 --> 00:05:11,960 absolutely smashed and they continue to get absolutely 105 00:05:11,960 --> 00:05:15,560 smashed over the last week. So definitely a a weak period 106 00:05:15,560 --> 00:05:18,720 there. We've broken through that 66 K 107 00:05:20,240 --> 00:05:22,800 resistance, which was a long well, not a long term, but it's 108 00:05:22,800 --> 00:05:25,440 been one of the key resistance levels for the last three 109 00:05:25,440 --> 00:05:29,120 months. The next major one was around 60 110 00:05:29,120 --> 00:05:32,360 K that we've, we've continually bounced off, but we've kind of, 111 00:05:32,760 --> 00:05:34,240 we're kind of in no man's land here. 112 00:05:34,320 --> 00:05:35,560 You know what I'm you know what I mean? 113 00:05:35,560 --> 00:05:39,040 It definitely doesn't look as constructive as this, this ban 114 00:05:39,040 --> 00:05:41,360 that we've been in since middle of May. 115 00:05:41,560 --> 00:05:44,080 And before that we were in it probably for a couple of months 116 00:05:44,520 --> 00:05:47,960 between February and and and April. 117 00:05:48,040 --> 00:05:50,040 We've kind of broken down to the lower bit of that. 118 00:05:50,040 --> 00:05:53,400 So kind of towards the levels that we had, you know, in the 119 00:05:53,400 --> 00:05:56,440 whole Iran, Israel thing was flaring up and we smashed down 120 00:05:56,440 --> 00:05:58,560 towards 60 K area. That's, that's what people are 121 00:05:58,560 --> 00:06:01,520 looking at here. Solana hit its lowest level in, 122 00:06:01,520 --> 00:06:04,600 in a, in a couple of months, that's down at 1143. 123 00:06:04,600 --> 00:06:06,560 And Heath, Heath actually held up slightly better. 124 00:06:06,960 --> 00:06:10,440 There was some expectation that we would get a, we would get the 125 00:06:10,440 --> 00:06:16,840 ETF now relatively quickly. And that's, that was kind of 126 00:06:17,280 --> 00:06:20,640 made, made more optimistic on Friday. 127 00:06:20,640 --> 00:06:25,160 I think Gensler basically came out and indicated it would be at 128 00:06:25,160 --> 00:06:28,040 some point in the summer and then there were some small 129 00:06:28,040 --> 00:06:31,080 changes in the in the in the replies to the requests. 130 00:06:31,360 --> 00:06:34,160 So it looks like we're going to get Bloomberg analysts said, I 131 00:06:34,160 --> 00:06:36,720 think July 2nd was that over under for the date about when we 132 00:06:36,720 --> 00:06:39,680 were going to get it And that caused Eve to rally Eve BTC to 133 00:06:39,680 --> 00:06:43,600 rally Eve sold to rally. And people are saying, you know, 134 00:06:43,600 --> 00:06:47,000 it's what we've debated really like is this going to be a sell 135 00:06:47,000 --> 00:06:48,600 the rumour by the news event now? 136 00:06:48,600 --> 00:06:51,880 Like is enough bad news priced in that we're going to have 137 00:06:51,880 --> 00:06:55,680 these outflows from Greyscale? It's definitely feeling more 138 00:06:56,160 --> 00:07:01,920 more balanced, I would say. So, yeah, that feels relatively 139 00:07:01,920 --> 00:07:05,720 decent. So many altcoins not good. 140 00:07:08,320 --> 00:07:11,400 Dude, it's so crazy the weakness in altcoins this cycle, dude, 141 00:07:11,560 --> 00:07:14,760 like you'll have BTC puking like a couple points and all all 142 00:07:14,760 --> 00:07:18,360 coins will absolutely turbo nuke like 10. 143 00:07:18,800 --> 00:07:20,720 It's wild. We've been talking about this 144 00:07:20,720 --> 00:07:23,360 for a while. I feel like it's like the same 145 00:07:23,360 --> 00:07:25,720 music that's been playing all cycle, but it's it's pretty 146 00:07:25,720 --> 00:07:26,480 intense. But you're right. 147 00:07:26,560 --> 00:07:29,480 We had some really good news for Ethereum, which I think came on 148 00:07:29,480 --> 00:07:31,120 Friday. Mando, if I'm not miss Friday 149 00:07:31,120 --> 00:07:34,920 evening, at least it was late night for me and you. 150 00:07:36,200 --> 00:07:39,120 It was that July 2nd, you know, just in time for my girl's 151 00:07:39,120 --> 00:07:39,880 birthday. This is perfect. 152 00:07:39,880 --> 00:07:41,680 You know, I'll be celebrating the three of chess and Vanessa's 153 00:07:41,680 --> 00:07:45,840 birthday July 2nd. But you know, we, we got that 154 00:07:45,840 --> 00:07:48,200 news from Eric Bakunas. I believe that was the first to 155 00:07:48,200 --> 00:07:49,560 share it. And of course, Nick Grassi and 156 00:07:50,320 --> 00:07:55,040 everybody jumped on alongside every single participant in CT, 157 00:07:55,160 --> 00:07:56,920 including Tyler Mendell myself, which is awesome. 158 00:07:57,560 --> 00:07:59,200 And of course, everything puts I'm looking at price on my 159 00:07:59,200 --> 00:08:00,000 phone. Not being rude. 160 00:08:00,000 --> 00:08:03,040 I just can't load anything on my computer because so here I'm 161 00:08:03,040 --> 00:08:05,760 sharing my screen. But you know, we have a bit 162 00:08:05,760 --> 00:08:13,800 quite a 60. We lost him. 53 the French Wi-Fi 163 00:08:13,800 --> 00:08:15,200 got it. No, not doing so quick it seems. 164 00:08:16,200 --> 00:08:20,080 Have I lost my Wi-Fi? Definitely not the best WI. 165 00:08:21,920 --> 00:08:24,720 Fi Mando, you want to come back at me now? 166 00:08:25,200 --> 00:08:26,920 That's what. You want to come back at me when 167 00:08:26,920 --> 00:08:29,000 I'm not sure? Oh, oh, for sure. 168 00:08:32,360 --> 00:08:35,840 You know what we are, I'm going to avoid talking too much. 169 00:08:35,840 --> 00:08:36,919 I'm just going to throw questions. 170 00:08:37,120 --> 00:08:39,880 Amanda, I want to ask you because we, you, me and OV have 171 00:08:39,880 --> 00:08:41,520 talked a lot over the weekend about the market. 172 00:08:43,200 --> 00:08:47,200 It what's your, what's your, the update for you on the on your on 173 00:08:47,200 --> 00:08:50,400 your outlook on the market and on Solana specifically because 174 00:08:50,400 --> 00:08:51,920 I'm seeing a ton of fun at the timeline. 175 00:08:51,920 --> 00:08:54,600 I mean I sent you a bunch of tweets but like everybody, their 176 00:08:54,600 --> 00:08:56,000 mothers is fudding Solana right now but. 177 00:08:57,200 --> 00:09:03,040 Why are they fudding it? Meme coins, apparently meme 178 00:09:03,040 --> 00:09:07,840 coins, of course the celebrity stuff, but also saying that like 179 00:09:08,040 --> 00:09:10,200 the supply is increasing too fast. 180 00:09:11,640 --> 00:09:14,840 I feel like I feel like that is Solana at all to me. 181 00:09:14,840 --> 00:09:18,360 That makes me the the volumes going through Solana are like 182 00:09:18,480 --> 00:09:21,880 incredibly bullish to me. So I don't get bearish on the 183 00:09:21,880 --> 00:09:26,280 back of of of that at all. Like for me, I think that 184 00:09:26,280 --> 00:09:31,320 Solana's like it's the fast, quick chain fast, that's right, 185 00:09:31,320 --> 00:09:34,640 the fast you can handle lots of different tickets, right? 186 00:09:34,640 --> 00:09:37,840 So for me, like it just that does. 187 00:09:38,000 --> 00:09:40,120 It's just proving that it's the place that that's been done this 188 00:09:40,120 --> 00:09:42,160 cycle. I think people are just getting, 189 00:09:43,000 --> 00:09:44,960 they're just searching for narratives that's genuine. 190 00:09:44,960 --> 00:09:48,200 I think they are. And right now Ether's got this 191 00:09:48,200 --> 00:09:50,760 narrative now into the ETF and it's inflows. 192 00:09:50,760 --> 00:09:54,920 And then Solana's is more, let's be honest, it's more CT trading 193 00:09:56,120 --> 00:09:58,800 like it's more people are here day in, day out. 194 00:09:58,800 --> 00:10:00,720 And the more and more frustrated they're getting, the more and 195 00:10:00,720 --> 00:10:02,760 they're just like turning on each other and trying to find an 196 00:10:02,760 --> 00:10:04,800 active. Solana's successive cycle is 197 00:10:04,800 --> 00:10:08,240 like, it's been unbelievable. And it continued like even last 198 00:10:08,240 --> 00:10:12,360 week, it's been smashing. If if weekly volumes, it doesn't 199 00:10:12,360 --> 00:10:15,360 really matter, You know, if you didn't make money on a Solana 200 00:10:15,360 --> 00:10:18,280 meme on a celebrity meme coin. Like the fact that it's 201 00:10:18,280 --> 00:10:19,880 happening on Solana makes me incredibly bullish. 202 00:10:20,200 --> 00:10:23,600 I think the, the one thing that it is to note is that some of 203 00:10:23,600 --> 00:10:26,560 these FTX unlocks are now starting to happen from the 204 00:10:26,560 --> 00:10:30,720 discounted piece that was sold to Pantera and the SPV that was 205 00:10:30,720 --> 00:10:32,640 formed. So there will be some supply 206 00:10:32,640 --> 00:10:36,240 there, which will be, you know, we're talking in the 10s of 207 00:10:36,240 --> 00:10:39,680 hundreds of millions to start. But overall it'll be in the low 208 00:10:39,680 --> 00:10:43,200 billions that they they have to get out of, which is something 209 00:10:43,200 --> 00:10:46,520 like a tenth to or five to 10% of the supply of Solano will 210 00:10:46,680 --> 00:10:48,720 probably have to come out over the next four years. 211 00:10:48,840 --> 00:10:51,520 But like, we're not talking about not talking about anything 212 00:10:51,600 --> 00:10:54,000 absolutely insane here. But yeah, yeah, we'll start to 213 00:10:54,000 --> 00:10:56,480 see some of those on locks. Yeah. 214 00:10:56,480 --> 00:10:58,280 I think it's just generally people being frustrated on the 215 00:10:58,280 --> 00:11:01,680 timeline, native cryptic people, people being frustrated on the 216 00:11:01,680 --> 00:11:03,600 timeline. And, and that's where a lot of 217 00:11:03,600 --> 00:11:05,440 like the, the activity's been happening. 218 00:11:05,440 --> 00:11:06,680 So they're kind of taking it out on that. 219 00:11:06,680 --> 00:11:10,680 But don't, you can't tell me that Solana's got a bearish 220 00:11:10,720 --> 00:11:13,600 thesis around it right now. Like I just, I just don't see 221 00:11:13,600 --> 00:11:14,800 what it is. I don't think there's a bearish 222 00:11:14,800 --> 00:11:17,520 thesis about any of this stuff. I think it's it's literally just 223 00:11:17,600 --> 00:11:19,560 people fighting because we've been going sideways. 224 00:11:22,040 --> 00:11:24,920 It's interesting, right? I really like Bulb's comic 225 00:11:24,920 --> 00:11:26,640 today. I like them everyday, of course, 226 00:11:26,640 --> 00:11:31,240 but like today's was really funny, the one that you shared 227 00:11:31,640 --> 00:11:34,040 with your minutes. It's like, why is everybody 228 00:11:34,040 --> 00:11:36,440 fighting prices are going down? Why is everybody fighting prices 229 00:11:36,440 --> 00:11:38,840 going up? I I forgot what it was, but I I 230 00:11:38,840 --> 00:11:41,440 do agree with you that like the timeline is not a reflection of 231 00:11:41,440 --> 00:11:46,200 the markets like people fighting in a micro niche on an app that 232 00:11:46,320 --> 00:11:55,840 actually most of the world is not using right. 233 00:11:55,840 --> 00:11:58,440 X nearly $2 trillion something good to know and that's 234 00:11:58,440 --> 00:12:00,400 important to follow me. Tyler, have you been have been 235 00:12:00,400 --> 00:12:02,120 following that and what what are your thoughts here? 236 00:12:02,640 --> 00:12:05,640 Yeah, the timeline was a little rough this week. 237 00:12:05,680 --> 00:12:07,200 I think that might be an understatement. 238 00:12:07,560 --> 00:12:11,760 Basically everyone versus Ansome and the celebrity coin meta, 239 00:12:11,760 --> 00:12:14,520 that was the main topic because there wasn't really a whole lot 240 00:12:14,520 --> 00:12:15,960 of news. Hopefully we move past that 241 00:12:15,960 --> 00:12:19,440 because we actually have some big news here this morning and 242 00:12:19,440 --> 00:12:23,360 it feels like people are just kind of equating and some with 243 00:12:23,400 --> 00:12:26,320 Solana, they're mad at and some so now they're mad at Solana. 244 00:12:27,840 --> 00:12:30,000 None of it makes sense to me. It all, it all feels like total 245 00:12:30,000 --> 00:12:33,240 gibberish. It's only, I only view it as 246 00:12:33,240 --> 00:12:35,640 bullish. This action is taking place on 247 00:12:35,640 --> 00:12:38,160 on Solana because it, it's easier to use. 248 00:12:38,760 --> 00:12:40,040 That's where folks are, are trained. 249 00:12:40,040 --> 00:12:43,280 That's where the action is. So I, I, I'm just, I'm just 250 00:12:43,280 --> 00:12:46,360 trying to ignore it and spend a little bit less time on the, on 251 00:12:46,360 --> 00:12:48,800 the, the Twitter timeline here this week because it was not 252 00:12:48,800 --> 00:12:50,360 good. It was not a great place for 253 00:12:50,360 --> 00:12:55,200 anyone to be this past weekend. No, dancing is not. 254 00:12:55,680 --> 00:12:58,120 Handsome quit, it looks like. What do you mean? 255 00:12:58,880 --> 00:12:59,840 Do you see he's taking some time? 256 00:12:59,840 --> 00:13:00,880 He's taking a mental health break. 257 00:13:01,120 --> 00:13:03,120 Taking his time. I can't I I I'm trying not to 258 00:13:03,240 --> 00:13:05,480 share it at all. I have closed every app on my 259 00:13:05,480 --> 00:13:07,120 end he's. Basically said he's going to be 260 00:13:07,120 --> 00:13:08,800 on Telegram now he's going to stop tweeting. 261 00:13:09,880 --> 00:13:11,920 I mean didn't he say he's going to stop tweeting or tussle on 262 00:13:11,920 --> 00:13:13,200 all time highs and then came back? 263 00:13:13,920 --> 00:13:17,560 Yeah, but this time I think, look, to be fair, he said some 264 00:13:17,560 --> 00:13:19,280 wild shit over the weekend, right? 265 00:13:19,720 --> 00:13:22,080 Basically called himself the best trader of all time and then 266 00:13:23,000 --> 00:13:27,960 called $8 million of of monthly P&L small fry essentially. 267 00:13:27,960 --> 00:13:30,440 And then and then decided to take a mental health break. 268 00:13:31,160 --> 00:13:37,280 I don't know, like, yeah, being the main character is, is what 269 00:13:37,280 --> 00:13:38,560 it is. It's a poison chalice. 270 00:13:39,720 --> 00:13:42,560 I think he he wanted to be the main character, though. 271 00:13:42,560 --> 00:13:45,240 I'm not sitting here being like, oh, you know, this guy, he he he 272 00:13:45,240 --> 00:13:47,080 was asking for it all times, right. 273 00:13:47,080 --> 00:13:50,720 So to come back and then come back with those sort of comments 274 00:13:50,720 --> 00:13:53,280 I thought was pretty funny. But at the same time, because 275 00:13:53,280 --> 00:13:55,480 surely you know, that's going to, that's going to be like, 276 00:13:55,560 --> 00:13:57,160 fuck, people are going to come for that. 277 00:13:57,480 --> 00:14:03,880 I mean, they're done that right? Like I think, I think I have. 278 00:14:04,000 --> 00:14:07,280 You've heard me say that a lot, Mando on the show too. 279 00:14:07,280 --> 00:14:09,720 But I think when you grow an audience, there's something that 280 00:14:09,720 --> 00:14:12,040 comes with it. And so I will never in my life 281 00:14:12,040 --> 00:14:18,360 feel bad about someone that, you know, like the, the, the, the, 282 00:14:18,400 --> 00:14:23,160 the, the darker side that comes with like growing audience. 283 00:14:23,160 --> 00:14:26,240 But like the upside of growing audience is immensely bigger 284 00:14:26,400 --> 00:14:28,320 than that. Like I've gone through that. 285 00:14:28,360 --> 00:14:32,160 Like last last cycle, I went from zero to 350,000 followers, 286 00:14:32,160 --> 00:14:34,840 maybe not in six months like Onsen did, but took 12 months. 287 00:14:35,280 --> 00:14:38,640 And you know, we were some of the faces of that NFT boom. 288 00:14:38,640 --> 00:14:41,200 So not global CT. So his reach is bigger expected 289 00:14:41,200 --> 00:14:43,920 coins as it was mostly NFTS. And then the downside of it. 290 00:14:43,920 --> 00:14:45,240 I mean, you, you lived it with me, Mando. 291 00:14:45,280 --> 00:14:48,000 You were that guy that was by my side, kind of like helping me 292 00:14:48,000 --> 00:14:51,480 pick up the pieces and like, you know, remodel, you know, for 293 00:14:51,480 --> 00:14:55,960 Roque two point O here. But like so I I have trouble 294 00:14:55,960 --> 00:14:58,200 feeling bad, but at the same time, like I do feel for the 295 00:14:58,200 --> 00:14:59,880 guy. Like sometimes this shit gets 296 00:14:59,880 --> 00:15:03,280 your head and, and it it beats you up when every single person 297 00:15:03,280 --> 00:15:06,720 on the timeline seems to like hate you and attack you and, and 298 00:15:06,720 --> 00:15:10,040 it does get to you and maybe you have a little little drink and 299 00:15:10,040 --> 00:15:11,960 then you lose your shit. Like that one time I lost my 300 00:15:11,960 --> 00:15:14,520 shit, a Poly on the timeline. I had to call a bunch of 301 00:15:14,520 --> 00:15:17,320 partners and team members and apologize to them, including 302 00:15:17,320 --> 00:15:19,880 you. So it's like, you know, I think, 303 00:15:19,880 --> 00:15:21,720 I think it does two sides to every story. 304 00:15:22,400 --> 00:15:25,800 But you know, I do think he does need a break and go on a 305 00:15:25,800 --> 00:15:28,640 vacation, perhaps in the South. I've got a great hotel for him. 306 00:15:29,760 --> 00:15:32,920 But I, I feel like he he could have had this breaker a while 307 00:15:32,920 --> 00:15:35,400 back. Like I don't describe it, but 308 00:15:35,400 --> 00:15:37,920 like he had options to get out a few times when he kept on going 309 00:15:37,920 --> 00:15:40,200 off to the celebrity celebrity coins, right? 310 00:15:40,200 --> 00:15:43,040 Like it was like some of the comments were like, you have to 311 00:15:43,040 --> 00:15:44,680 go through me before you can launch coins. 312 00:15:44,680 --> 00:15:46,640 Like come on. Like you don't need to do that. 313 00:15:46,640 --> 00:15:51,040 Like you really do not need to do that to yourself because I 314 00:15:51,040 --> 00:15:54,640 think that's that's causing like you can't gate. 315 00:15:54,640 --> 00:15:56,040 You just can't gatekeep this shit. 316 00:15:56,040 --> 00:16:00,080 And we've already spoken up this like Waka Flocka Flames, like, I 317 00:16:00,080 --> 00:16:04,280 don't know, he's a rapper. I remember from 15 years ago, he 318 00:16:04,280 --> 00:16:09,000 released a coin over the weekend and saw massive insider buying. 319 00:16:09,760 --> 00:16:12,920 And you know that like, people know that's going to happen. 320 00:16:13,040 --> 00:16:15,400 And you know that some people even want to bet on it anyway. 321 00:16:15,400 --> 00:16:18,400 Like I just the gatekeeping and the the morality of it all. 322 00:16:18,400 --> 00:16:19,840 I just feel like awful pieces anyway. 323 00:16:19,840 --> 00:16:21,960 You just can't get yourself in the way of way of that. 324 00:16:21,960 --> 00:16:23,160 You're just going to get yourself hurt. 325 00:16:23,840 --> 00:16:28,520 So, yeah, the timeline gotten really aggressive, huge, really, 326 00:16:28,520 --> 00:16:31,200 really strong views, none of which I think are grounded in 327 00:16:31,200 --> 00:16:35,320 the reality of what's happening. Like Bitcoin is at 65 1/2 K, 328 00:16:35,960 --> 00:16:38,080 right? Is it 65 1/2 K? 329 00:16:38,280 --> 00:16:43,120 You'd assume genuinely that we were at like, we were at 25 1/2 330 00:16:43,120 --> 00:16:45,880 and we were fighting over the fact that, you know, we're never 331 00:16:45,880 --> 00:16:47,200 going to see another bull market. 332 00:16:47,400 --> 00:16:48,960 Like that's what it feels like right now. 333 00:16:50,760 --> 00:16:54,240 I think the reason why it feels particularly bad is because 334 00:16:54,280 --> 00:17:00,640 altcoin season has not happened this cycle and the VC coin cycle 335 00:17:00,640 --> 00:17:04,400 hasn't happened either. Like most of these coins that 336 00:17:04,400 --> 00:17:06,880 people even invested in are just down only right, Like it's just 337 00:17:06,880 --> 00:17:10,760 like look at the gaming tokens, man, like it is which is where 338 00:17:10,760 --> 00:17:13,400 the majority of the investments happened in 2023. 339 00:17:13,839 --> 00:17:16,880 They were still going like it is horrific out there and even L 340 00:17:16,880 --> 00:17:19,839 twos, you know, like which were a lot of the other investments 341 00:17:19,839 --> 00:17:21,960 happened. Like look at every single coin 342 00:17:21,960 --> 00:17:25,160 that is launched that tells you we haven't had new users come in 343 00:17:26,520 --> 00:17:28,840 and yet meme coins have done well and people are sitting 344 00:17:28,840 --> 00:17:31,680 there going like, oh, you know, like all the stuff I invested in 345 00:17:31,680 --> 00:17:33,800 or some of the tech stuff hasn't really worked out. 346 00:17:33,800 --> 00:17:37,560 And this just feels like a Bitcoin and and Ponzi game, 347 00:17:37,840 --> 00:17:39,960 which it kind of it it kind of is for a certain extent, but 348 00:17:39,960 --> 00:17:43,040 that's why I kind of feel like that's why people are hating on 349 00:17:43,040 --> 00:17:46,560 each other. But Bitcoins a 62nd half K 350 00:17:46,560 --> 00:17:51,920 Solana's at 1:45 like it was a training at 15 just a few months 351 00:17:51,920 --> 00:17:56,800 ago, right? ETH ETH is, I think it's going 352 00:17:56,800 --> 00:17:59,440 to now, you know, be a bit more balanced into the ETF. 353 00:17:59,440 --> 00:18:02,040 Like there's just so much good stuff that's happened in crypto. 354 00:18:02,040 --> 00:18:04,440 It's it's absolutely worth how much good stuff is happening in 355 00:18:04,440 --> 00:18:06,280 crypto. The idea that we're going to 356 00:18:06,280 --> 00:18:10,720 suddenly fall out of bed and fall 50% or 40% just doesn't 357 00:18:10,720 --> 00:18:12,840 seem to align with the facts. It just seems to align with the 358 00:18:12,840 --> 00:18:14,960 sentiment. It seems to align with how 359 00:18:14,960 --> 00:18:17,560 people are feeling rather than like what when you look 360 00:18:17,560 --> 00:18:20,600 objectively about what's going on, this has been an incredibly 361 00:18:20,600 --> 00:18:22,560 bullish period. And you probably will look back 362 00:18:22,560 --> 00:18:25,600 on this period in 10 years and be like, wow, that was such a 363 00:18:25,600 --> 00:18:28,320 bullish period for crypto. You know, like we'll look at the 364 00:18:28,320 --> 00:18:29,840 things that happened over that period. 365 00:18:29,840 --> 00:18:32,200 Like, wow, that was, that was really, really bullish. 366 00:18:32,600 --> 00:18:36,440 So yeah, I, I, I don't see anything out there which which 367 00:18:36,440 --> 00:18:38,000 tells me we're going to be massively derailed. 368 00:18:40,160 --> 00:18:42,400 Yeah, no, I feel the same. And it's normal, right? 369 00:18:42,400 --> 00:18:44,240 Like there's also like, it's just, we've been talking. 370 00:18:44,400 --> 00:18:46,120 It's like it's the same conversation over and over 371 00:18:46,120 --> 00:18:47,040 again. Like in every group chat, I 372 00:18:47,040 --> 00:18:48,880 think consensus, everybody says the same thing as well. 373 00:18:48,880 --> 00:18:51,040 It's like we'll chop in summer and then we'll see what happens 374 00:18:51,040 --> 00:18:52,640 in the fall and it's over and over again. 375 00:18:52,640 --> 00:18:54,360 It's normal. People just come at each other 376 00:18:55,040 --> 00:18:56,640 and attack each other. I think there's also a lot of, 377 00:18:57,320 --> 00:18:59,120 it's just, I woke up Friday and Saturday and I was like, wow, 378 00:18:59,120 --> 00:19:00,680 there's a lot of bad vibe, negative energy on the 379 00:19:00,680 --> 00:19:01,960 timelines. I'm going to like extract myself 380 00:19:01,960 --> 00:19:03,600 from the conversation. Personally speaking, I think a 381 00:19:03,600 --> 00:19:06,200 lot of people should probably take that advice and run with it 382 00:19:07,040 --> 00:19:09,240 because it's just like, it's just not worth it. 383 00:19:09,400 --> 00:19:10,840 Like there's so many things to do. 384 00:19:11,160 --> 00:19:14,040 I mean, the second I read that $8 million is not enough to, to 385 00:19:14,120 --> 00:19:17,720 cash out, I actually want to cash out everything I have and, 386 00:19:17,720 --> 00:19:20,440 and show you guys that even a couple million is probably 387 00:19:20,440 --> 00:19:23,080 enough. You know, like I think if you 388 00:19:23,080 --> 00:19:25,600 spend enough time in the real world or have children like 389 00:19:25,600 --> 00:19:29,480 Tyler and Mando, you tend to realize that even $1,000,000, 390 00:19:29,560 --> 00:19:32,560 even Davis was saying even $30,000 is a lot. 391 00:19:32,640 --> 00:19:35,560 Have you seen this in one? Have you seen this headline, 392 00:19:35,960 --> 00:19:38,040 this SEC guy one? Yeah. 393 00:19:38,320 --> 00:19:42,120 Is it, is it I? I do want to advise caution here 394 00:19:42,120 --> 00:19:46,360 'cause I did see it. Is it real Tyler, do you know? 395 00:19:47,120 --> 00:19:50,040 Yeah, I mean, he posted it on his LinkedIn so that that is the 396 00:19:50,040 --> 00:19:52,440 source. So he he personally posted this 397 00:19:52,440 --> 00:19:56,200 message on his LinkedIn here this morning. 398 00:19:56,840 --> 00:19:57,600 So this is. David Birch. 399 00:19:57,920 --> 00:20:00,400 He's the head of the SE CS crypto assets and cyber unit. 400 00:20:00,400 --> 00:20:02,520 He resigned. He basically it was kind of a, a 401 00:20:02,520 --> 00:20:05,000 soft like resignation message says he's proud of their 402 00:20:05,000 --> 00:20:07,240 historic work. He's excited for some new 403 00:20:07,240 --> 00:20:08,640 challenges. He's going to take some time 404 00:20:08,640 --> 00:20:10,160 off. You'll, you'll learn more about 405 00:20:10,160 --> 00:20:13,240 it here in the in the weeks to come. 406 00:20:13,240 --> 00:20:15,640 But he's taking some time off before his son goes off to 407 00:20:15,640 --> 00:20:21,320 college, it seems like. Hold on, this is real. 408 00:20:21,320 --> 00:20:25,040 Headline is the. Second-half of that headline. 409 00:20:25,680 --> 00:20:29,080 Is that is that real? I can't imagine. 410 00:20:29,160 --> 00:20:31,600 That true Finance Finance is reporting that he's joined pump 411 00:20:31,640 --> 00:20:34,000 dot fun. I got it off finance everywhere. 412 00:20:34,000 --> 00:20:36,920 It's looking like it's real everywhere and everyone's gotten 413 00:20:36,960 --> 00:20:39,720 on to it. But that would be insane if the 414 00:20:39,840 --> 00:20:42,840 man who's been behind cyber security at the SEC for nine 415 00:20:42,840 --> 00:20:46,880 years has joined a shit concreation website. 416 00:20:46,880 --> 00:20:49,120 Like that's fucking. This can't be true. 417 00:20:49,280 --> 00:20:51,560 This can't be true. Why would Finance Report on it 418 00:20:51,560 --> 00:20:54,920 though, if it wasn't? I read his LinkedIn message 419 00:20:54,920 --> 00:20:59,000 several times. It's more he said like, you're 420 00:20:59,000 --> 00:21:00,600 not going to hear more of me for a while. 421 00:21:01,000 --> 00:21:02,760 It's like it was like the last line. 422 00:21:03,880 --> 00:21:06,560 I mean, he didn't he didn't make like, why wouldn't he have just 423 00:21:06,560 --> 00:21:10,720 taken that opportunity to announce what his next move was? 424 00:21:13,000 --> 00:21:15,960 So I'm, I'm not believing this one until like we actually until 425 00:21:15,960 --> 00:21:18,520 a few more sources confirm. And that would be the one of the 426 00:21:18,520 --> 00:21:22,800 craziest headlines we could ever get. 427 00:21:24,280 --> 00:21:27,000 Hold on, hold on. That is insane. 428 00:21:27,000 --> 00:21:29,000 So just for the people that are not following, I'm sorry I can't 429 00:21:29,000 --> 00:21:31,520 share my screen everybody, but any of you, if you guys want to 430 00:21:31,520 --> 00:21:33,880 share your screen is fine. So you had the the head of like 431 00:21:34,240 --> 00:21:37,160 something at at at at at the SEC, right? 432 00:21:37,160 --> 00:21:40,240 What's his name? He was the head of Ovi shared 433 00:21:40,240 --> 00:21:43,200 the headline this morning is the former SEC official, David 434 00:21:43,200 --> 00:21:46,640 Hirsch that that resigned from the SEC, which again is a big 435 00:21:46,640 --> 00:21:48,840 blow on the SEC side. So many people just resigning 436 00:21:48,840 --> 00:21:50,040 over there. It's like you won't even need to 437 00:21:50,040 --> 00:21:51,880 shut down the SEC. Everybody will quit before that. 438 00:21:52,800 --> 00:21:55,040 And then of course, there's now the rumors saying the pump fun 439 00:21:55,040 --> 00:21:58,040 thing. I I highly, highly doubt that 440 00:21:58,040 --> 00:21:59,480 this is real. It seems like pump the fun is 441 00:21:59,480 --> 00:22:03,000 admitted to it not being real, but it's definitely a more 442 00:22:03,000 --> 00:22:06,160 entertaining timeline than the one that we were just talking 443 00:22:06,160 --> 00:22:07,240 about. Speaking of that, why don't we 444 00:22:07,240 --> 00:22:09,760 just segue Tyler into your top five and see what you got going 445 00:22:09,760 --> 00:22:14,000 on for us today? I'm really sorry. 446 00:22:15,640 --> 00:22:18,200 I'm reading Pumped Out Fun's Twitter post right now live. 447 00:22:18,200 --> 00:22:20,000 I'm just trying to figure out if this is real. 448 00:22:20,720 --> 00:22:23,680 I think their their message is definitely tongue in cheek, 449 00:22:23,800 --> 00:22:24,960 right? Like whether they're talking 450 00:22:24,960 --> 00:22:27,920 about how he's their new head of training and how he's already 451 00:22:27,920 --> 00:22:31,280 launched like 100 coins himself. Though he usually jeets right 452 00:22:31,280 --> 00:22:35,080 after KOTH. Though none of this like that 453 00:22:35,520 --> 00:22:40,480 has to be fake. But yeah, we'll certainly see a 454 00:22:40,480 --> 00:22:44,000 massive headline if true. The other real headlines from 455 00:22:44,000 --> 00:22:45,520 this morning, we got the ZK AirDrop. 456 00:22:45,600 --> 00:22:48,160 It's live. It opened at $0.25, which 457 00:22:48,160 --> 00:22:53,560 equates to about a $5.25 billion FTV, making a top 80 token by 458 00:22:53,560 --> 00:22:56,520 market cap. As it stands this morning, Layer 459 00:22:56,520 --> 00:23:01,040 0 Next up is expected to come June 20th in what is now shaping 460 00:23:01,040 --> 00:23:05,560 up to be a massive AirDrop week. Along those lines, Photon a 461 00:23:05,600 --> 00:23:07,920 little bit of a curveball. They announced that their Stemis 462 00:23:07,920 --> 00:23:12,760 will go to the 300 top traders on their their protocol, their 463 00:23:12,760 --> 00:23:14,960 their app. The team did confirm after a 464 00:23:14,960 --> 00:23:18,360 little bit of pushback in the replies that a token is still 465 00:23:18,360 --> 00:23:22,360 coming in their future. In meme coin news, this new meme 466 00:23:22,360 --> 00:23:27,840 Billy soared 20,000% overnight to $11 million after based 16 Z 467 00:23:27,840 --> 00:23:30,800 Shielded Finance replied to GM to the token. 468 00:23:30,800 --> 00:23:32,560 The the market ran off with that. 469 00:23:32,560 --> 00:23:35,200 So it's the the rocket of the day. 470 00:23:35,200 --> 00:23:36,960 And then for some breaking news this morning. 471 00:23:37,280 --> 00:23:40,840 Doodles are moving their studio from flow to base. 472 00:23:40,840 --> 00:23:44,200 It's going to be happening in mid-july to leverage bases, 473 00:23:44,200 --> 00:23:48,120 cheaper and faster transactions, and their community. 474 00:23:48,920 --> 00:23:51,720 The the team noted that the Doodles community is largely in 475 00:23:51,720 --> 00:23:55,920 other places, notably Ethereum. They're also going to do a free 476 00:23:55,920 --> 00:23:57,720 mint on Zora to mark the occasion. 477 00:23:57,720 --> 00:23:59,520 So that's the the quick rundown there. 478 00:24:01,200 --> 00:24:03,480 So what do, what do we think of the ZK AirDrop guys? 479 00:24:03,480 --> 00:24:05,360 What do we think to that? And what does it mean for BLAST 480 00:24:05,360 --> 00:24:07,760 'cause I think that's the, that's the main conversation 481 00:24:07,760 --> 00:24:10,600 I've seen on timeline is like, oh, ZK went that way. 482 00:24:11,080 --> 00:24:12,640 It's bullish BLAST. Like what do we think about 483 00:24:12,640 --> 00:24:15,680 that? I think it's bullish BLAST. 484 00:24:15,680 --> 00:24:17,360 So I can start out with with a few of the staff. 485 00:24:17,360 --> 00:24:20,680 So it's 21 billion tokens, 56% of the of the tokens are going 486 00:24:20,680 --> 00:24:23,920 to community. The AirDrop was 17 1/2 percent 487 00:24:23,920 --> 00:24:27,480 of the supply. So that's 3.675 billion tokens. 488 00:24:27,920 --> 00:24:30,160 Of those about 89% are going to the users. 489 00:24:30,560 --> 00:24:33,560 So again, as of this morning, 5.2 billion FTV, the AirDrop is 490 00:24:33,560 --> 00:24:36,960 worth about $920 million. So quite the stimulus. 491 00:24:37,640 --> 00:24:40,720 The question is like what does this mean for BLAST? 492 00:24:40,720 --> 00:24:44,440 So when looking at some of the the metrics from ZK ERA and 493 00:24:44,440 --> 00:24:51,720 BLAST, so ZK ERA is 36th in TBL with $120 million, Blast has 2.1 494 00:24:51,720 --> 00:24:56,120 billion according to the D5 Llama data, ZK sync 18th in 495 00:24:56,120 --> 00:24:58,040 stables with $90,000,000 in stables. 496 00:24:58,040 --> 00:25:00,000 Blast has 430 million in stables. 497 00:25:00,000 --> 00:25:03,680 So about 5X that they are neck and neck and seven day trading 498 00:25:03,680 --> 00:25:06,760 volume both around 100 and 2000 and $30 million. 499 00:25:06,760 --> 00:25:10,080 But when you look at the TBL and some of the other metrics, I 500 00:25:10,080 --> 00:25:11,640 don't know, Blast seems way bigger. 501 00:25:11,640 --> 00:25:15,240 It seems an order of magnitude bigger, I guess when you look 502 00:25:15,240 --> 00:25:18,320 at, you know, what are people doing in the market right now. 503 00:25:18,960 --> 00:25:21,960 I guess maybe it's just the cohort of folks that I'm in or 504 00:25:21,960 --> 00:25:25,600 working with, trading with in chats with people are using 505 00:25:25,600 --> 00:25:27,360 blast. I haven't heard anyone talk 506 00:25:27,360 --> 00:25:31,960 about ZK sync other than just purely AirDrop farming it in in 507 00:25:32,280 --> 00:25:33,840 quite some time. I guess you can make an argument 508 00:25:33,840 --> 00:25:35,400 that's what people are doing for Blast, but. 509 00:25:37,840 --> 00:25:39,480 I mean, no, you see a lot of people in the trenches for 510 00:25:39,480 --> 00:25:41,400 blast, like I feel like we hear a lot about, I mean, they're 511 00:25:41,400 --> 00:25:43,320 really good at the whole like social farming and everything, 512 00:25:43,320 --> 00:25:44,840 right? There's a lot of social fight 513 00:25:44,840 --> 00:25:47,120 dabs and stuff on blast like fantasy top, etcetera, etcetera, 514 00:25:47,120 --> 00:25:48,520 etcetera. So we talk about it a lot. 515 00:25:50,280 --> 00:25:52,800 And but for Zika for me, like the only instances of people 516 00:25:52,800 --> 00:25:54,320 using it I've heard is pudgy Penguins, right? 517 00:25:54,320 --> 00:26:00,360 So as a pudgy Penguin holder eligible for 8721 DK tokens, 518 00:26:00,360 --> 00:26:04,120 which Chad Toluca Nets for that, which is awesome, but that's 519 00:26:04,120 --> 00:26:06,400 about it. It appears that the stuff broke 520 00:26:06,400 --> 00:26:08,560 this morning. So it's, it looks like it's not 521 00:26:08,560 --> 00:26:12,520 ready to claim per someone that we have here on the timeline. 522 00:26:12,960 --> 00:26:15,560 So I guess we'll we'll, we'll see what happens there. 523 00:26:15,560 --> 00:26:17,640 But I don't think I don't I I, I agree. 524 00:26:17,640 --> 00:26:22,400 I haven't seen that much activity in that sense. 525 00:26:22,680 --> 00:26:24,880 You can tell that Mando is deep in the trenches right now. 526 00:26:24,880 --> 00:26:27,880 Trying to figure out if the pumped up fun uses real or fake. 527 00:26:28,440 --> 00:26:31,440 I think it's fake. I'm like 9. 528 00:26:32,080 --> 00:26:39,600 I reply with the duck account. Yeah, the the UK, I think news 529 00:26:39,600 --> 00:26:45,960 is, is, is positive for sure. I think, I think that probably 530 00:26:45,960 --> 00:26:51,400 puts blast in my six to seven sort of context. 531 00:26:51,640 --> 00:26:53,080 I still think that's kind of where we head at. 532 00:26:53,080 --> 00:26:56,160 Where is Hobbitron today? All right, well, I mean the the 533 00:26:56,440 --> 00:26:58,200 L twos are not trading good at all. 534 00:26:58,200 --> 00:26:59,960 But let's see what arbitrage is with me. 535 00:27:01,280 --> 00:27:03,120 What is it at makes? Sense Where's optimism? 536 00:27:04,000 --> 00:27:07,360 87 cents Yeah, where's OP? So they haven't. 537 00:27:07,360 --> 00:27:11,400 This is the thing like alts are getting eviscerated right now. 538 00:27:11,400 --> 00:27:15,120 It is so wild out there, man. Like any Alts that I've owned, 539 00:27:15,120 --> 00:27:19,120 even in like the VC stuff we've done, it's down like 30% in a 540 00:27:19,120 --> 00:27:22,080 week. But it is fucking wild out 541 00:27:22,080 --> 00:27:24,800 there. But I do think this this puts 542 00:27:24,800 --> 00:27:30,320 Blast kind of comfortably in that sort of, yeah, five, five 543 00:27:30,320 --> 00:27:32,080 to seven region. It'll be interesting to see how 544 00:27:32,080 --> 00:27:34,360 ZK trades. Like, to me, the thing that 545 00:27:34,360 --> 00:27:37,760 looks off here is ZK seems high. I don't know if you guys agree 546 00:27:38,000 --> 00:27:48,120 but like I agree ZK at 5 seems high versus R, but ape do you 547 00:27:48,120 --> 00:27:50,920 know what I mean? Yeah, I I think so. 548 00:27:51,640 --> 00:27:53,160 Yeah. That seems the thing that seems 549 00:27:53,160 --> 00:27:56,120 really off here rather than like, oh, this increases my 550 00:27:56,200 --> 00:27:58,360 valuations. It just makes me feel like if 551 00:27:58,360 --> 00:28:05,880 the number one L2 is at 88.7 billion market cap and then the 552 00:28:05,880 --> 00:28:10,320 number of whatever 30 is at is at 5, then that that just 553 00:28:10,320 --> 00:28:14,640 doesn't seem like the right the right valuation to me. 554 00:28:14,760 --> 00:28:17,200 So I don't know maybe when, maybe when they open up the 555 00:28:17,200 --> 00:28:19,400 chain again, you could get a repricing. 556 00:28:19,960 --> 00:28:22,680 Think about the GK one is so many people are invested like 557 00:28:24,520 --> 00:28:27,960 all these, all these like D5 farmers and all these AirDrop 558 00:28:27,960 --> 00:28:30,640 farmers have been invested in this one going right for so 559 00:28:30,640 --> 00:28:32,760 long. I think it has this and that's 560 00:28:32,760 --> 00:28:34,080 probably the same with blast actually. 561 00:28:34,280 --> 00:28:36,960 It has this like 48 hour window where it can trade in many 562 00:28:36,960 --> 00:28:39,680 different levels. But my guess is if we look at 563 00:28:39,680 --> 00:28:41,920 this thing in in a month's time, it's going to be materially 564 00:28:41,920 --> 00:28:42,800 lower than where it is right now. 565 00:28:42,800 --> 00:28:47,360 What? Do you think Tyler? 566 00:28:49,520 --> 00:28:50,600 I think it's hard to argue with that. 567 00:28:50,880 --> 00:28:52,640 I think I would, I would tend to agree. 568 00:28:52,640 --> 00:28:56,320 It does generally feel high from an FTV standpoint, the market 569 00:28:56,320 --> 00:29:00,200 cap at like 900 million, that seems a little bit more 570 00:29:00,200 --> 00:29:02,400 reasonable. So I think that's what also 571 00:29:02,400 --> 00:29:04,920 makes all this tricky is when you're looking at market caps 572 00:29:04,920 --> 00:29:06,840 and and FTVS. But from a comparison 573 00:29:06,840 --> 00:29:10,360 standpoint, I would agree. And with respect to blast, like 574 00:29:10,360 --> 00:29:12,800 I do think Blast opens up higher, but then at the same 575 00:29:12,800 --> 00:29:15,520 time when you're comparing it, so it's going to be compared to 576 00:29:15,520 --> 00:29:18,840 Arbitron optimism if those are getting just annihilated this 577 00:29:18,840 --> 00:29:23,520 week and then perhaps next week. I mean, that's a bad backdrop 578 00:29:23,520 --> 00:29:25,280 it. Is so funny. 579 00:29:25,880 --> 00:29:28,200 One goal equals 3 anxieties and the depression. 580 00:29:29,680 --> 00:29:31,520 That's hilarious. I I did you see my back and 581 00:29:31,520 --> 00:29:31,960 forth? Wait. 582 00:29:32,840 --> 00:29:34,880 One go ahead. One thing I would say ZK is ZK 583 00:29:34,880 --> 00:29:39,600 right whereas all the others I think are optimistic right star 584 00:29:39,600 --> 00:29:42,280 roll ups. Yes, optimally. 585 00:29:42,720 --> 00:29:51,680 Optimistic blast is OP is I'm wondering what is if there are 586 00:29:51,680 --> 00:29:54,320 any other ZK roll ups which have even launched. 587 00:29:57,520 --> 00:29:59,400 I don't know. I genuinely don't know. 588 00:30:00,080 --> 00:30:05,240 I think is Polygon Polygon arguably, but I don't even know 589 00:30:05,240 --> 00:30:07,520 how that works. Yeah, I know ZK part of its 590 00:30:07,520 --> 00:30:10,040 chain. I think one of the basically 591 00:30:10,040 --> 00:30:12,040 what I'm trying to say is that the reason why it might trade 592 00:30:12,040 --> 00:30:16,160 higher is because it may be viewed as by different tech or 593 00:30:16,160 --> 00:30:18,000 at least slightly different deck to the others. 594 00:30:19,680 --> 00:30:21,920 Huh, that's interesting. What's crazy is someone just 595 00:30:21,920 --> 00:30:25,120 pointed out in the comments that wormhole opened at 16 billion. 596 00:30:27,320 --> 00:30:29,280 OK, open at 5:00. Yeah, that was. 597 00:30:29,320 --> 00:30:31,960 A crazy thing though, right? Like layer 0. 598 00:30:32,120 --> 00:30:35,400 I never sold the top like wormhole in my life. 599 00:30:35,800 --> 00:30:37,800 I never did that. I never did that. 600 00:30:37,840 --> 00:30:39,880 I was so happy. Small size but I was like let's 601 00:30:39,880 --> 00:30:43,240 go. Bridges, Bridges opening at 16 602 00:30:43,240 --> 00:30:46,120 billion is it's pretty tasty. Like oh wow. 603 00:30:48,560 --> 00:30:50,520 That is insane. Guys, like, that's why I sold, 604 00:30:50,520 --> 00:30:52,400 because I was talking to a friend and he was like, dude, 605 00:30:52,520 --> 00:30:54,760 you're talking to me about a $15 billion bridge. 606 00:30:54,760 --> 00:30:57,040 And I was like, yeah, OK, maybe you're right. 607 00:30:59,800 --> 00:31:00,880 It was. It was you. 608 00:31:00,880 --> 00:31:03,240 Sobi Naveen, like a bunch of people. 609 00:31:03,240 --> 00:31:04,880 Like, it was like a $10 billion bridge. 610 00:31:04,920 --> 00:31:07,320 Like, dude, like, come on. Like, you know, like what you 611 00:31:07,320 --> 00:31:08,880 talk about, you know? Other AirDrop news, though. 612 00:31:08,880 --> 00:31:12,760 Tyler Photon. I mean I saw them getting ripped 613 00:31:12,760 --> 00:31:16,440 on the timeline but what appears to be like getting ripped for no 614 00:31:16,440 --> 00:31:18,200 reason? Like what was the TLDR? 615 00:31:18,200 --> 00:31:19,320 Oh, I don't know about that people. 616 00:31:19,320 --> 00:31:21,960 Are pissed, yeah, but it was for no reason Mendo. 617 00:31:21,960 --> 00:31:24,760 Like you like, it was like, Oh, no, they they. 618 00:31:24,760 --> 00:31:26,400 Everyone thought they were getting their drop, man, 619 00:31:26,480 --> 00:31:29,440 Everyone thought they were getting their pumped up fun 620 00:31:29,440 --> 00:31:31,080 users. Come on like, sorry, Photon 621 00:31:31,080 --> 00:31:35,000 users, they're they're in it for a buck, right? 622 00:31:35,000 --> 00:31:38,280 They're all sitting there loot like, and they all thought they 623 00:31:38,280 --> 00:31:40,560 were suddenly getting some sort of stimmy like everyone, there 624 00:31:40,560 --> 00:31:42,320 was a lot of people who were trying to get high on that 625 00:31:42,320 --> 00:31:45,440 leaderboard going into it. So, so So what happened? 626 00:31:45,440 --> 00:31:47,600 There, Tyler. Yeah, so. 627 00:31:47,600 --> 00:31:50,880 I think it it started last week when when Photon announced that 628 00:31:50,880 --> 00:31:53,000 their Stemis would be coming soon. 629 00:31:53,240 --> 00:31:55,280 So they set the expectations pretty high. 630 00:31:55,280 --> 00:31:58,960 Just yesterday Photon announced that their Stemis round one 631 00:31:58,960 --> 00:32:03,040 season one would be $500,000 distributed just to the top 300 632 00:32:03,040 --> 00:32:07,040 traders on the Photon app on their leaderboard plus 1700 633 00:32:07,040 --> 00:32:10,480 bonus winners with a round two coming soon. 634 00:32:10,840 --> 00:32:14,080 They got immediate backlash from crypto crypto Twitter from their 635 00:32:14,080 --> 00:32:18,640 users who were expecting this to be a actual AirDrop to their 636 00:32:18,640 --> 00:32:20,080 users. So that this actually got the 637 00:32:20,080 --> 00:32:23,280 team to come back on and reply and say hey, hey, hey, this is 638 00:32:23,280 --> 00:32:28,480 not a replacement for the token. A token is in fact coming and 639 00:32:28,480 --> 00:32:32,240 they're going to do multiple rounds of these stemmies before 640 00:32:32,680 --> 00:32:35,960 to. To me it's just your classic bad 641 00:32:35,960 --> 00:32:39,360 coms not setting expectations appropriately. 642 00:32:39,960 --> 00:32:42,560 I think the program conceptually is just fine, like doing 643 00:32:42,560 --> 00:32:46,600 stimulus to your users ahead of an AirDrop to reward top 644 00:32:46,600 --> 00:32:49,240 traders. I think it's great, right? 645 00:32:49,240 --> 00:32:53,560 It's, it's in the same vein of what's happening on on blast or 646 00:32:53,560 --> 00:32:57,400 any other incentive or points program where they got it wrong 647 00:32:57,400 --> 00:33:00,360 again, it's just maybe leading on their, their user base a 648 00:33:00,360 --> 00:33:03,000 little bit here. So got to be careful with that. 649 00:33:03,000 --> 00:33:06,320 And these teams, you got to have the, the FUD team, you have to 650 00:33:06,320 --> 00:33:08,920 have at least one guy who whenever you, when you have a 651 00:33:08,920 --> 00:33:11,400 com and you have a message that's going to go out, send it 652 00:33:11,400 --> 00:33:15,160 to your FUD guy first to say, OK, how, where can we like, 653 00:33:15,160 --> 00:33:17,560 what's the fun angle on this? What? 654 00:33:17,560 --> 00:33:20,000 What could? Go wrong with this. 655 00:33:20,320 --> 00:33:23,200 I like none of these teams have this guy and it's probably the 656 00:33:23,200 --> 00:33:25,120 most important role you could have on your team. 657 00:33:25,120 --> 00:33:27,960 It's it's definitely more important than the the intern 658 00:33:28,000 --> 00:33:30,680 who might go off the rails. So. 659 00:33:30,680 --> 00:33:33,320 We have Bernie internally for stuff like that. 660 00:33:34,280 --> 00:33:36,360 You know, it's he's all right, he's all right. 661 00:33:36,880 --> 00:33:39,720 But usually Bernie Burn Dougler is is not bad. 662 00:33:39,760 --> 00:33:43,520 The head of Fudd, but also the guy that's at the front lines 663 00:33:43,520 --> 00:33:46,720 receiving all the FUD to the face, just taking it in like a 664 00:33:46,720 --> 00:33:49,000 champ. So everybody, you're telling me, 665 00:33:49,000 --> 00:33:51,400 Tyler, everybody needs a burn dog there. 666 00:33:52,160 --> 00:33:54,400 That's great. Yeah, everybody needs a burn 667 00:33:54,400 --> 00:33:56,760 dog. Yeah, everybody. 668 00:33:56,960 --> 00:33:59,160 Everybody needs a burn dog, which is great. 669 00:33:59,160 --> 00:34:00,880 No, but you're right. Listen, maybe it's in the way 670 00:34:00,880 --> 00:34:03,640 and Mando didn't make a point before he had to go like that is 671 00:34:03,640 --> 00:34:06,920 an audience that is their specific quickly for like the 672 00:34:06,920 --> 00:34:09,360 farming, right, because Forsworth it's a great tool. 673 00:34:09,360 --> 00:34:11,280 And I just saw their partnership with moon pay, by the way, which 674 00:34:11,280 --> 00:34:13,719 is awesome. And so they're actually probably 675 00:34:13,719 --> 00:34:17,760 one of the best tools right now that there is out there for 676 00:34:17,760 --> 00:34:20,320 trading. But you know, obviously, like 677 00:34:20,320 --> 00:34:22,679 your audience is there for the for the for the specifically 678 00:34:22,679 --> 00:34:25,320 that as well, right. So it's like it's, it's 679 00:34:25,320 --> 00:34:31,480 something to, to, to, you know, I guess. 680 00:34:32,159 --> 00:34:34,960 Manda would know better than me. I, I thought, and I, I don't 681 00:34:34,960 --> 00:34:38,080 really use photons. I'm not like deep, like sniping 682 00:34:38,080 --> 00:34:41,360 new launches and, and I do, you know, fewer trades per week. 683 00:34:42,159 --> 00:34:43,679 The people I know using, I thought they were using it 684 00:34:43,679 --> 00:34:46,480 because they liked it and it was a good app and it was an 685 00:34:46,480 --> 00:34:49,120 improvement on the, the different, on the infrastructure 686 00:34:49,120 --> 00:34:51,679 we had. So I guess that's what kind of 687 00:34:51,800 --> 00:34:54,120 threw me off a little bit. Like if, if you're using this 688 00:34:54,120 --> 00:34:56,840 because it's good, just a bonus that you're going to get 689 00:34:56,840 --> 00:34:59,320 rewarded on top of this. And I think it also just goes to 690 00:34:59,760 --> 00:35:03,320 how entitled all of us are. And I might myself included in 691 00:35:03,320 --> 00:35:08,240 this that like if we don't get free money from these good apps 692 00:35:08,240 --> 00:35:10,800 that we've been using for a handful of weeks or months, 693 00:35:10,800 --> 00:35:13,680 we're we're ready to get the pitchforks out on a, you know, 694 00:35:13,960 --> 00:35:16,320 on a one, one minute notice. Yeah, I mean it. 695 00:35:16,320 --> 00:35:18,160 It doesn't help. That this weekend was like a 696 00:35:18,480 --> 00:35:20,040 very aggressive week on the timeline. 697 00:35:20,040 --> 00:35:23,160 So I think it's a mix of I think Tyler, it's like a mix of 698 00:35:23,160 --> 00:35:26,040 everything, right. It's like this is like there are 699 00:35:26,040 --> 00:35:29,360 line mines out there right now on Twitter, like the whether if 700 00:35:29,360 --> 00:35:32,800 you're founder or someone with an audience, maybe try to like 701 00:35:34,080 --> 00:35:41,600 move carefully because anything you will say, well, it can be 702 00:35:41,600 --> 00:35:43,520 used against you. Yeah. 703 00:35:44,240 --> 00:35:47,360 And if you've got a new collab? With Anson ready to drop, maybe 704 00:35:47,360 --> 00:35:50,520 postpone that out, you know, a few days or a week, wait for him 705 00:35:50,520 --> 00:35:53,040 to come back. We're just about to announce. 706 00:35:53,040 --> 00:35:57,880 Him as a Co host of FOMO hour fuck personal news I I. 707 00:35:57,880 --> 00:36:02,320 Drew his card in in in my reward deck on fancy top this morning 708 00:36:02,400 --> 00:36:04,080 and I'm just getting the news he's taking a mental health 709 00:36:04,080 --> 00:36:05,840 break. He was gonna he was gonna take 710 00:36:05,840 --> 00:36:07,960 me in the final. Tell it. 711 00:36:08,880 --> 00:36:10,800 Hurry up, I'm gonna have to now, I'm sure. 712 00:36:10,840 --> 00:36:12,040 Don't worry, he can't stay away from. 713 00:36:12,040 --> 00:36:12,960 Twitter. He's gonna come back. 714 00:36:13,280 --> 00:36:15,640 Yeah, he's, he'll be fine. Dude, I am. 715 00:36:15,640 --> 00:36:17,040 Cooking, by the way, I'm fantasy top. 716 00:36:17,240 --> 00:36:19,480 I finished top 300 in so many tournaments. 717 00:36:19,480 --> 00:36:22,240 I've got another nearly 1000 Blast Gold over last week. 718 00:36:22,800 --> 00:36:24,880 Let's go keep starting. To rake it in, these next two 719 00:36:24,880 --> 00:36:26,840 weeks are going to be huge. I mean they've got like 720 00:36:26,840 --> 00:36:29,320 2,000,000 gold to give out in 10 days. 721 00:36:31,280 --> 00:36:33,280 I'm raking it in. I've got 2000 gold so far. 722 00:36:34,000 --> 00:36:37,200 I've got 2000 gold so far. So if we follow 9059 statistics 723 00:36:37,200 --> 00:36:41,000 like that's, that's like over $10,000 in gold that I'm going 724 00:36:41,000 --> 00:36:44,160 to get from from fantasy top alone. 725 00:36:45,840 --> 00:36:50,520 Oh yes, I'm rich. Hopefully fantasy top cloud. 726 00:36:51,440 --> 00:36:53,640 Is going to make us all rich yeah I'm doing around I've got 727 00:36:53,640 --> 00:36:57,560 like 3500 gold another 4 or 500 from the lotteries so we're 728 00:36:57,560 --> 00:37:00,160 going to keep playing we're going to keep trying to run it 729 00:37:00,160 --> 00:37:05,600 up I love that yeah I think I'm. Nearly at 4000 gold now, love to 730 00:37:05,600 --> 00:37:09,200 see it Gold opening at $30 just because I have 4003 thousand of 731 00:37:09,200 --> 00:37:12,960 it for sure. So 3763 gold? 732 00:37:12,960 --> 00:37:14,920 Let's fucking go, dude. That's good. 733 00:37:15,320 --> 00:37:17,960 Most of it thanks to fantasy top and then last but not least, and 734 00:37:17,960 --> 00:37:20,560 then I think we can we can shut the showdown because my Wi-Fi is 735 00:37:20,560 --> 00:37:21,960 just so bad. But also I feel like we've gone 736 00:37:21,960 --> 00:37:24,560 around around the block pretty well. 737 00:37:24,800 --> 00:37:27,920 Base pretty good news for base, I guess on that front. 738 00:37:28,280 --> 00:37:30,720 Doodles moving on like what do you make of that? 739 00:37:30,920 --> 00:37:32,520 I think I don't see this being bad news. 740 00:37:32,520 --> 00:37:34,880 I think it's pretty good. Yeah, I think it's. 741 00:37:34,880 --> 00:37:36,960 Good news for base. I think it's good news for 742 00:37:36,960 --> 00:37:39,560 Doodles. Well, I tell everything the team 743 00:37:39,560 --> 00:37:43,400 is building over at Doodles. The move on Flow was always just 744 00:37:43,400 --> 00:37:46,840 a little bit puzzling. Like other than Top Shot, we 745 00:37:46,840 --> 00:37:51,480 really hadn't seen a whole lot of action of building on Flow. 746 00:37:51,480 --> 00:37:54,520 And yes, you know, Top Shot was able to acquire perhaps more 747 00:37:54,520 --> 00:37:57,760 users than other apps. Maybe that was the upside, but 748 00:37:57,760 --> 00:38:00,000 it felt like it was just totally disjointed. 749 00:38:00,160 --> 00:38:03,760 It was kind of breaking up their their ecosystem and now they're 750 00:38:03,760 --> 00:38:05,800 going to be able to bring it up a little bit more closely 751 00:38:05,800 --> 00:38:09,120 together, which seems like that was the driver, at least from 752 00:38:09,120 --> 00:38:11,480 the, the press release and decrypt had a nice article on it 753 00:38:11,880 --> 00:38:13,800 this morning. So shout out to the to the 754 00:38:13,800 --> 00:38:18,120 decrypt team, but it really seems like they're they wanted. 755 00:38:18,320 --> 00:38:22,680 There's the base, the doodles users are on ETH and then in 756 00:38:22,680 --> 00:38:26,560 base is ETH adjacent. It's a up and coming L2. 757 00:38:26,560 --> 00:38:30,680 There is a growing economy, there's a growing user base on 758 00:38:30,680 --> 00:38:33,560 base. I think it it, it makes sense to 759 00:38:33,560 --> 00:38:38,280 have it the studio be over there compared to compared to flow. 760 00:38:38,280 --> 00:38:40,240 And you still have the cheap transactions, which is another 761 00:38:40,240 --> 00:38:43,360 hallmark of kind of what they need with the studio and with 762 00:38:43,360 --> 00:38:45,600 their future plans. And they're looking to build 763 00:38:45,600 --> 00:38:48,640 some momentum. I think their their shorts are 764 00:38:48,640 --> 00:38:52,160 coming or, or they're they're like theater debut and I forget 765 00:38:52,160 --> 00:38:54,520 exactly the details on this. I need to to research it again, 766 00:38:55,040 --> 00:38:56,440 but it's coming out in September. 767 00:38:56,440 --> 00:38:59,040 So they're it's going to be a a bigger summer for for the 768 00:38:59,040 --> 00:39:00,480 doodles here. And I think this is one of the 769 00:39:00,480 --> 00:39:02,560 first steps. Yeah, good for them. 770 00:39:02,560 --> 00:39:04,160 I'm happy. Good people, you know, Austin, 771 00:39:04,160 --> 00:39:08,080 Julian, all friends, you know. So I think, I think it's a, it's 772 00:39:08,080 --> 00:39:10,960 a positive again, you know, it seems like everything around the 773 00:39:10,960 --> 00:39:12,600 theorem is probably going to heat up. 774 00:39:12,880 --> 00:39:21,160 So it's like really good timing, you know, DTS are two weeks 775 00:39:21,160 --> 00:39:23,120 away, man Positive. Anyways, look, my Wi-Fi is 776 00:39:23,120 --> 00:39:25,080 really, really bad. Tyler, I'm sorry to all the 777 00:39:25,080 --> 00:39:27,160 listeners of the show, it's my fault. 778 00:39:27,200 --> 00:39:30,320 It's it's on me or on the French devs that wouldn't let me get 779 00:39:30,320 --> 00:39:32,480 the house before 5:00 PM. So let's you know what, fuck it, 780 00:39:32,680 --> 00:39:34,160 let's blame the French. Blame the French. 781 00:39:34,520 --> 00:39:36,160 I'm French. I can say that we're blaming the 782 00:39:36,160 --> 00:39:38,000 French. Speaking of French, France is 783 00:39:38,000 --> 00:39:40,440 playing tonight at 9:00 PM Let's fucking go. 3:00 PM for you 784 00:39:40,440 --> 00:39:41,280 guys. So I can't wait for that. 785 00:39:41,280 --> 00:39:44,040 And Tyler, I will see you tomorrow, my friend. 10:00 AM 786 00:39:44,040 --> 00:39:46,400 Eastern Standard Time for another episode of Film Hour on 787 00:39:46,400 --> 00:39:47,800 rock radio. Let's go.