1 00:00:00,200 --> 00:00:02,320 Yo-yo, yo, what up? What up? 2 00:00:02,400 --> 00:00:08,760 Good morning, good morning GMG Woo. 3 00:00:10,120 --> 00:00:11,440 Monday. Oh yeah. 4 00:00:12,080 --> 00:00:17,920 Monday, September 23rd, 2020 fourth. 5 00:00:18,600 --> 00:00:22,680 Look at that another beautiful day to have a beautiful day. 6 00:00:23,000 --> 00:00:26,600 I got my Co host in the house. Tyler, how are you doing today? 7 00:00:27,560 --> 00:00:30,200 We're doing great, has some green candles this weekend, 8 00:00:30,200 --> 00:00:34,760 majors are are up, we've got ordinals up, some memes are up, 9 00:00:34,760 --> 00:00:36,400 and we're building some momentum. 10 00:00:36,400 --> 00:00:39,000 And you know what? October is coming. 11 00:00:39,120 --> 00:00:44,040 Dude, October is coming now to see, you know how September ends 12 00:00:44,040 --> 00:00:45,280 so well. This week should be an 13 00:00:45,280 --> 00:00:47,840 interesting one. But one thing's for sure is that 14 00:00:47,840 --> 00:00:52,360 October is is right around the corner. 15 00:00:53,240 --> 00:00:57,040 You absolutely love to see that. Mando, how you doing today? 16 00:00:58,440 --> 00:01:00,360 Hey boys, how are you? You good? 17 00:01:01,760 --> 00:01:03,320 Yeah, great. Perfect timing. 18 00:01:03,360 --> 00:01:05,319 Perfect timing. I like this color on you, man, 19 00:01:05,319 --> 00:01:07,440 Though you should wear more like bright, like, you know, 20 00:01:07,440 --> 00:01:08,600 different colors. I like it. 21 00:01:08,640 --> 00:01:10,440 Yeah. Compliment your skin tone. 22 00:01:10,480 --> 00:01:12,440 Yes, Sir. I like the olive green. 23 00:01:12,520 --> 00:01:15,280 It's nice. I'm used to watching you just 24 00:01:15,280 --> 00:01:18,320 wear Navy blue or black. Absolutely mad. 25 00:01:18,320 --> 00:01:19,160 It's true. It's true, right? 26 00:01:19,160 --> 00:01:21,440 It's like, it's like your Dick. It's like your color. 27 00:01:22,120 --> 00:01:28,120 It's your color anyways, so, so anyways, so now the show today, 28 00:01:28,120 --> 00:01:30,640 two dates. What are the obviously we can 29 00:01:30,640 --> 00:01:32,000 recap. We'll talk about this weekend. 30 00:01:32,000 --> 00:01:33,600 You know, prices seem to be pretty interesting. 31 00:01:33,760 --> 00:01:36,200 Over the weekend we opened pretty strong, so I'm sure we'll 32 00:01:36,200 --> 00:01:39,960 get into the market side of things as we close this week of 33 00:01:40,080 --> 00:01:43,040 September. Tyler's up 100. 34 00:01:43,040 --> 00:01:45,160 I mean, let's see what Tyler's going to store for us, but you 35 00:01:45,160 --> 00:01:47,280 know, there's been a lot going on at all times. 36 00:01:47,280 --> 00:01:48,680 So it's so you absolutely love to see that. 37 00:01:48,680 --> 00:01:50,640 I'm sure he's got a lot to cover. 38 00:01:50,720 --> 00:01:53,080 We're back with the Arbitrum weekly roundup, if I'm not 39 00:01:53,080 --> 00:01:55,320 mistaken, every Monday. So a little round up of what's 40 00:01:55,320 --> 00:01:59,880 happening and the Arbitrum ecosystem. 41 00:02:00,040 --> 00:02:03,600 And then last but not least, this show is powered by 42 00:02:03,600 --> 00:02:07,400 Galaxies, a no code Web 3 platform that empowers creators 43 00:02:07,480 --> 00:02:10,000 and communities to become owners. 44 00:02:10,240 --> 00:02:13,800 Check them out. Galaxies XYZ on X It's right 45 00:02:13,800 --> 00:02:16,240 down there on the stream on video if you're watching on 46 00:02:16,240 --> 00:02:20,880 video and as a reminder, we are live on video all the time every 47 00:02:20,880 --> 00:02:23,680 week every day, five days a week. 48 00:02:23,720 --> 00:02:27,840 You absolutely love to to to see it yeah green shirt means green 49 00:02:27,840 --> 00:02:31,200 week, that's for sure for sure. But anyways, anyways, anyways, 50 00:02:31,200 --> 00:02:35,000 without further ado, let's hear all about this market. 51 00:02:35,000 --> 00:02:37,840 I should move where I put my my buttons so they are easier to 52 00:02:37,840 --> 00:02:39,880 access. I always forget I have like 3 53 00:02:39,880 --> 00:02:40,680 screens. There you go. 54 00:02:53,360 --> 00:02:57,640 GM everyone so feels like decent weekend if I'm honest. 55 00:02:58,640 --> 00:03:04,160 Interestingly, bitcoins kind of where we left it around 63 K, 56 00:03:04,800 --> 00:03:08,960 maybe slightly higher, but the main rally has happened in a 57 00:03:08,960 --> 00:03:10,680 bunch of different altcoins and an ETH. 58 00:03:11,000 --> 00:03:15,360 ETH has been outperforming. This is kind of what we kind of 59 00:03:15,360 --> 00:03:19,120 flagged on Friday actually, that I told you I'd bought some for 60 00:03:19,120 --> 00:03:22,760 the first time in a long time. Just looks like it broken out a 61 00:03:22,760 --> 00:03:28,040 little bit there and was in a decent spot versus Bitcoin and 62 00:03:28,040 --> 00:03:32,480 versus slum just on the charts. Just felt like it finally broken 63 00:03:32,480 --> 00:03:33,720 out of its downtrend a little bit. 64 00:03:34,040 --> 00:03:39,520 So ETH is now 2650. So I think it's up about 4% 65 00:03:39,520 --> 00:03:42,600 since we since we were talking and then maybe even slightly 66 00:03:42,600 --> 00:03:44,320 higher. And then I think Salon is 67 00:03:44,320 --> 00:03:47,400 actually a little bit lower even I think Salon is down about one 68 00:03:47,400 --> 00:03:50,280 or one or 2%. Nothing crazy, but obviously 69 00:03:50,280 --> 00:03:53,560 there was a lot of bullishness around break point, all the 70 00:03:53,560 --> 00:03:56,200 announcements there around Fire Dancer and a bunch of different 71 00:03:56,200 --> 00:03:57,480 integrations of the different apps. 72 00:03:58,160 --> 00:04:02,800 But but just sort of we've just sort off slightly since then. 73 00:04:03,320 --> 00:04:05,240 In terms of narratives, it should have been pretty strong. 74 00:04:05,240 --> 00:04:07,800 So meme coins are still doing OK. 75 00:04:07,960 --> 00:04:10,600 I would say the strongest narrative since breakpoint or 76 00:04:10,600 --> 00:04:14,800 even going into breakpoint has been AI and and a bunch of the 77 00:04:14,800 --> 00:04:16,760 different AI coins have come back pretty strong. 78 00:04:16,760 --> 00:04:20,600 The the strongest has been this coin Tau, the tensor, which 79 00:04:21,200 --> 00:04:24,240 seemingly was like the number one narrative that came out of 80 00:04:24,760 --> 00:04:27,040 token 2049. A lot of people got getting 81 00:04:27,040 --> 00:04:31,120 bullish back against. Sorry about this. 82 00:04:33,800 --> 00:04:36,520 Yeah, it's done about a 2X in about 2 1/2 weeks. 83 00:04:37,000 --> 00:04:40,480 It's going back up towards its all time high. 84 00:04:40,480 --> 00:04:46,640 So decent move. Kind of rallied initially after 85 00:04:46,640 --> 00:04:51,160 the whole NVIDIA results and we saw a bunch of different AI 86 00:04:51,160 --> 00:04:54,720 coins rally, but then towers really dominated the rest of 87 00:04:54,720 --> 00:04:57,000 that rally. It's it's an L1. 88 00:04:59,080 --> 00:05:07,880 It essentially works by allowing different GPU's to solve 89 00:05:07,880 --> 00:05:12,160 problems on its subnets and rewards. 90 00:05:12,480 --> 00:05:15,360 The best answer for any sort of question so it has. 91 00:05:16,280 --> 00:05:19,600 The way it works with AI is that it's meant to improve the 92 00:05:19,600 --> 00:05:26,280 training data given to AI by basically rewarding the the ones 93 00:05:26,280 --> 00:05:29,080 with the best answers. So it has its own like LLM, it 94 00:05:29,080 --> 00:05:31,880 has its own image generator. I think there's one called like 95 00:05:31,920 --> 00:05:35,680 reply Tensor, which has been pretty big where we should you 96 00:05:35,920 --> 00:05:39,040 can use an X. But seemingly they're, they're 97 00:05:39,040 --> 00:05:47,640 saying like this is a way to improve how AI trains itself 98 00:05:47,680 --> 00:05:52,800 rather than it being locked in with like big tech like Google 99 00:05:52,800 --> 00:05:57,280 or open AI or Microsoft. This is like an, an open source 100 00:05:57,280 --> 00:06:02,280 decentralized way to reward different AI models. 101 00:06:03,280 --> 00:06:06,200 I don't know about that. Like this is me trying to 102 00:06:06,200 --> 00:06:08,440 understand. And I would sell you 95% of 103 00:06:08,440 --> 00:06:10,360 people who are looking at this thing. 104 00:06:10,360 --> 00:06:12,160 I have no idea what it is, so I don't. 105 00:06:12,720 --> 00:06:14,600 Know what a token does either. I just know it's popular. 106 00:06:15,200 --> 00:06:18,120 It's built like the the Bitcoin token. 107 00:06:18,160 --> 00:06:21,000 So bit is is because it's Bitcoin, it's only, I think it's 108 00:06:21,000 --> 00:06:24,280 only 21 million and it's got halving cycle like all the other 109 00:06:24,960 --> 00:06:28,640 Bitcoin style tokens. And the idea is just it's meant 110 00:06:28,640 --> 00:06:34,760 to reward these different AI subnets based on the quality of 111 00:06:35,480 --> 00:06:38,560 the answers that they give. And as that rewarded, they have 112 00:06:38,560 --> 00:06:41,360 a bunch of validators which basically pick the right, the 113 00:06:41,360 --> 00:06:45,440 best answer, so to speak. So a problem will be given a 114 00:06:45,640 --> 00:06:49,440 bunch of different submits will like, or a bunch of different AI 115 00:06:49,440 --> 00:06:52,120 models will compete against the other one who wins gets rewarded 116 00:06:52,120 --> 00:06:58,040 in Tau. So I don't know like I honestly 117 00:06:58,040 --> 00:07:01,000 don't know, but it's there's been some movement here for like 118 00:07:01,000 --> 00:07:04,040 open source AI models. Facebook's been going down that 119 00:07:04,040 --> 00:07:06,840 route with its Llama model, for example. 120 00:07:08,120 --> 00:07:15,160 And this is just another attempt at that essentially by providing 121 00:07:15,160 --> 00:07:19,040 some sort of infrastructure with which to reward different AI 122 00:07:20,360 --> 00:07:22,520 competing AIAI models essentially. 123 00:07:23,800 --> 00:07:26,400 Now, I don't think anyone big is really using it right now. 124 00:07:26,920 --> 00:07:30,520 Like there's no, I don't think you've seen crazy amounts of use 125 00:07:30,800 --> 00:07:33,680 uses by different people, but they there, there is legitimate 126 00:07:33,680 --> 00:07:35,800 things being built in it. Like they have their own LLN, 127 00:07:35,800 --> 00:07:37,680 they have their own image generator. 128 00:07:37,680 --> 00:07:43,000 Like you can use it, but it's now a $10 billion FTV. 129 00:07:43,240 --> 00:07:45,280 It's $4 billion current market cap. 130 00:07:47,560 --> 00:07:50,720 I look, I just don't even know, but I think it's worth taking a 131 00:07:50,720 --> 00:07:52,360 look at. It's something that I actually 132 00:07:52,360 --> 00:07:56,920 thought was complete garbage up until a week ago because 133 00:07:56,920 --> 00:08:00,000 everyone was mentioning it after token 24 and 9. 134 00:08:00,000 --> 00:08:01,760 The part of the reason I thought was complete garbage is because 135 00:08:01,760 --> 00:08:03,120 I thought nothing was really being built on it. 136 00:08:03,600 --> 00:08:08,160 Well, I've seen a little bit of like, yeah, like maybe things 137 00:08:08,160 --> 00:08:10,040 get built in here. It's going to require a lot of 138 00:08:12,360 --> 00:08:14,480 hope. I would say that people are 139 00:08:14,480 --> 00:08:17,760 going to continue to build, want to build like AI models on the 140 00:08:17,800 --> 00:08:21,800 on the back of it. But there is a story at least 141 00:08:21,800 --> 00:08:26,040 there that people can pump for sure, like you know what I mean? 142 00:08:26,440 --> 00:08:28,440 But it's interesting to see how the market is. 143 00:08:28,880 --> 00:08:32,039 It's it's with it's with memes, but it's starting to move back 144 00:08:32,039 --> 00:08:33,880 into other stuff. I think pretty quickly. 145 00:08:33,880 --> 00:08:36,520 You've seen D5 pump, you've seen deep in do well. 146 00:08:36,520 --> 00:08:40,600 And now this AI stuff is is really come back and Tao is 147 00:08:40,600 --> 00:08:44,560 something that I think I would be very unsurprised whether you 148 00:08:44,560 --> 00:08:48,320 believe it's anything or not. I think it could it could 149 00:08:48,440 --> 00:08:52,240 continue to to rally here. Just my just my guess. 150 00:08:52,240 --> 00:08:54,600 That's been the number one performer of the weekend. 151 00:08:55,160 --> 00:08:59,160 You saw, like I said, mean coins have had an OK bounce, but 152 00:08:59,160 --> 00:09:01,720 mainly it's been ETH mean coins as well have been ripping. 153 00:09:01,720 --> 00:09:06,400 Nero hit 500 million. That CTO hit 500 million, which 154 00:09:06,400 --> 00:09:07,920 I think is absolutely insane. And there's been a bunch of 155 00:09:07,920 --> 00:09:10,960 newer means even on on ETH, which has been running. 156 00:09:10,960 --> 00:09:15,280 So interesting to see some of that activity move back to move 157 00:09:16,480 --> 00:09:19,400 back to ETH. You saw Suey continue to be 158 00:09:19,400 --> 00:09:21,960 very, very strong. I think it hit 1.6 over the 159 00:09:21,960 --> 00:09:26,240 weekend. So that was up like 60% in the 160 00:09:26,240 --> 00:09:28,040 last two weeks. Again, like we've been flagging 161 00:09:28,040 --> 00:09:32,920 it all the way up. It's broken above, I think 900 162 00:09:32,920 --> 00:09:37,960 million TVL personally. Like I don't feel FOMO at 1.6. 163 00:09:38,400 --> 00:09:41,600 That's that's it that way, 16 billion there's some stuff going 164 00:09:41,600 --> 00:09:43,200 on Sui. I wouldn't say like if there's a 165 00:09:43,200 --> 00:09:46,480 crazy amount going on Sui, I think it only has like a very, 166 00:09:46,480 --> 00:09:48,800 very small amount of ecosystem. Coins. 167 00:09:48,800 --> 00:09:50,400 I doesn't even tweet that there was three, right? 168 00:09:50,760 --> 00:09:51,960 You probably saw the same tweet as me. 169 00:09:56,000 --> 00:09:59,760 I mean, it has more than three, it has more than three, but it 170 00:09:59,760 --> 00:10:01,760 doesn't have that many. Like if you just type into 171 00:10:01,760 --> 00:10:07,440 Google Sui ecosystem coins, you, you were presented with a very, 172 00:10:07,440 --> 00:10:09,960 very small amount. And the majority of the TBL on 173 00:10:09,960 --> 00:10:15,360 SUI is is actually SUI itself. It's not really stable coins, 174 00:10:15,360 --> 00:10:18,440 although they did get USDC on the chain. 175 00:10:18,440 --> 00:10:23,600 So at 15 billion or 16 billion, whatever it is, I think it's a 176 00:10:23,600 --> 00:10:26,960 bit more of a show me story like ton, for example, which is has 177 00:10:26,960 --> 00:10:31,240 millions of different users. Is it 26 ish, 25 ish? 178 00:10:31,240 --> 00:10:36,120 And I don't know if Sui flips ton, let's put it that way. 179 00:10:36,120 --> 00:10:43,440 So and then, yeah, Tau, I think it's just like a it reminds you 180 00:10:43,440 --> 00:10:45,640 of the of the altcoin cycles of old. 181 00:10:45,880 --> 00:10:47,840 You know, it doesn't really matter what it is. 182 00:10:48,880 --> 00:10:51,160 It's a dream. That could be something. 183 00:10:51,160 --> 00:10:54,400 Oh, dream sell. It's not a complete scam coin in 184 00:10:54,400 --> 00:10:58,400 my opinion, but it's there's not like a crazy amount going on 185 00:10:58,400 --> 00:11:00,240 there. It's more like a dream that AI 186 00:11:00,240 --> 00:11:07,120 will adopt this framework with which to improve their firstly 187 00:11:07,120 --> 00:11:11,200 their data use, but also the quality of the the LMS and the 188 00:11:11,200 --> 00:11:13,200 the the AI models. So let's see. 189 00:11:14,040 --> 00:11:15,240 All right. Well, we'll see that. 190 00:11:15,240 --> 00:11:17,720 I mean, Tyler, you got some Tyler or what? 191 00:11:18,880 --> 00:11:20,960 I had some a long, long time ago. 192 00:11:20,960 --> 00:11:22,800 I, I think Mandel summarizes it pretty well. 193 00:11:22,800 --> 00:11:25,360 I'm, I'm pretty aligned. I feel like people love the 194 00:11:25,360 --> 00:11:28,920 narrative of Crypto XI, the intersection of AI and crypto. 195 00:11:28,920 --> 00:11:31,920 It's a very sexy story right now. 196 00:11:32,000 --> 00:11:35,120 It feels more of like a narrative than it is pure 197 00:11:35,120 --> 00:11:38,680 substance. I still think like betting on 198 00:11:39,040 --> 00:11:42,680 the actual major devs and companies building AII. 199 00:11:42,680 --> 00:11:46,280 Don't really see how how it's necessarily translates to being 200 00:11:46,280 --> 00:11:51,320 bullish for for Tau. I think the most likely future 201 00:11:51,320 --> 00:11:55,520 is that we we are. We do have millions of AI agents 202 00:11:55,880 --> 00:11:58,200 interacting with crypto, but I think it's probably on just 203 00:11:58,200 --> 00:12:01,960 cheap block chains using like stable coins is the most likely 204 00:12:02,480 --> 00:12:03,840 outcome. And I don't necessarily know 205 00:12:03,840 --> 00:12:07,520 that we it translates to other AI coins pumping. 206 00:12:07,520 --> 00:12:11,760 So I'm not that I'm I'm not bearish because I think the 207 00:12:11,760 --> 00:12:15,360 narrative is probably strong enough, but it's not, it's not 208 00:12:15,360 --> 00:12:18,640 one that I'm super hyped to to jump in on right here. 209 00:12:19,480 --> 00:12:22,440 Yeah, I mean, we'll see what happens on, on the macros front 210 00:12:22,600 --> 00:12:25,080 this part this week. But Mando looks like we're a lot 211 00:12:25,080 --> 00:12:26,520 of the overhang is kind of done, right. 212 00:12:26,520 --> 00:12:30,200 Like we're ready to like we got the, the we got 50 bibs when 213 00:12:30,200 --> 00:12:33,240 most people are pricing 25 bibs. You know, we've already had the 214 00:12:33,240 --> 00:12:36,840 CPI and all these numbers like I it's, it's just looking like 215 00:12:37,960 --> 00:12:42,000 most smooth sailing ahead. Or am I because I don't see many 216 00:12:42,240 --> 00:12:44,680 different catalysts right? Like that could. 217 00:12:44,680 --> 00:12:46,240 Didn't. Trust to go lower. 218 00:12:46,440 --> 00:12:49,120 Yeah. Well, I think I've said before, 219 00:12:49,120 --> 00:12:52,000 I think the main the main, the main thing here is the election. 220 00:12:52,000 --> 00:12:56,520 Now, I think even even you know, you saw Kamala say some comments 221 00:12:56,520 --> 00:13:00,760 over the weekend about, you know, being a bit more pro 222 00:13:00,760 --> 00:13:04,120 crypto, at least less anti crypto, let's say. 223 00:13:04,120 --> 00:13:06,840 And who knows if you believe her, But I think we rally in 224 00:13:06,840 --> 00:13:09,120 either scenario post election. I really, really do. 225 00:13:10,080 --> 00:13:14,160 I think what you've seen now again, we have above 50% odds. 226 00:13:14,160 --> 00:13:17,480 The next rate cut will also be 50 BPS. 227 00:13:17,520 --> 00:13:20,360 So people are now starting to price in pretty aggressive cuts. 228 00:13:20,680 --> 00:13:23,920 You've seen the dollar actually some, some some of the reason 229 00:13:23,920 --> 00:13:25,520 why everything's also hitting all time highs is because the 230 00:13:25,520 --> 00:13:28,680 dollar's actually gone quite a lot weaker versus a bunch of 231 00:13:28,680 --> 00:13:33,680 different currencies. The yen, the sterling, euro 232 00:13:33,680 --> 00:13:37,440 dollars in like a multi month low right now. 233 00:13:37,720 --> 00:13:39,040 Keeping up like with a Dixie chart. 234 00:13:39,560 --> 00:13:41,840 And that's part of the reason why you've seen all these assets 235 00:13:41,840 --> 00:13:43,880 rally as well. So part of this is all a 236 00:13:43,880 --> 00:13:46,640 weakness. Just just to, to let everyone 237 00:13:46,640 --> 00:13:49,040 know really. So, and that's because rates, 238 00:13:49,240 --> 00:13:51,080 you know, they're, they're really talking, talking down 239 00:13:51,080 --> 00:13:53,720 rates at the moment. So for me, it's a, it's a 240 00:13:53,720 --> 00:13:56,720 positive macro setup. The, the, the economic figures 241 00:13:56,720 --> 00:13:59,720 last week didn't seem so bad. This week. 242 00:14:00,200 --> 00:14:04,440 We have core PCE on on Friday, which will be another inflation 243 00:14:04,440 --> 00:14:07,240 figure. I think we've got GDP this week. 244 00:14:07,880 --> 00:14:11,120 It'll be interesting to see that that doesn't fall off a Cliff or 245 00:14:11,120 --> 00:14:13,680 that that stray strong. But if that comes in strong, 246 00:14:14,440 --> 00:14:17,040 we'll really rally. Yeah, you've got to love this 247 00:14:17,040 --> 00:14:18,400 market. I mean, we are pumping right 248 00:14:18,400 --> 00:14:22,720 now, so should. We should we be concerned that 249 00:14:22,920 --> 00:14:27,160 that Seoul isn't rallying harder and now the break point pump is? 250 00:14:27,720 --> 00:14:30,320 I mean, I don't think so. I mean it's rallying as we 251 00:14:30,320 --> 00:14:32,840 speak. You should see the candle on 252 00:14:32,840 --> 00:14:35,560 Solano. I just want to see the entire 253 00:14:35,720 --> 00:14:38,680 market. I've been pretty public about me 254 00:14:38,680 --> 00:14:41,720 moving back into Bitcoin because I think the L1 trades has become 255 00:14:41,720 --> 00:14:43,640 more competitive. I do think it's interesting. 256 00:14:45,240 --> 00:14:48,240 It's interesting. Although altcoins are ripping 257 00:14:48,240 --> 00:14:50,600 right now, it goes to your top 100. 258 00:14:50,600 --> 00:14:55,840 And look at the last seven days or even the last 30 days. 259 00:14:56,040 --> 00:14:59,080 This is an altcoin rally, which Solana has not really 260 00:14:59,080 --> 00:15:02,440 participated in. It's it's kind of been pretty 261 00:15:02,440 --> 00:15:04,320 stagnant. But if you go down that list, 262 00:15:04,760 --> 00:15:07,240 the vast majority of them have have rallied back very, very 263 00:15:07,240 --> 00:15:10,080 strongly and you're starting to see new A lot of people over the 264 00:15:10,080 --> 00:15:11,760 weekend was talking about altcoin cycle. 265 00:15:11,760 --> 00:15:15,800 There was a few different things on the outside top ten others 266 00:15:15,800 --> 00:15:18,040 index, which flashed a buy signal. 267 00:15:18,320 --> 00:15:21,640 You'd have a lot of these not mean coin, but let's say utility 268 00:15:21,640 --> 00:15:25,840 narratives coming back. So like I just said, defy always 269 00:15:25,840 --> 00:15:28,480 at a 2 1/2 year high. Like that's probably the best 270 00:15:28,480 --> 00:15:32,600 known defy coin that's that's broken out pretty substantially 271 00:15:32,600 --> 00:15:33,920 versus a lot of different things. 272 00:15:33,920 --> 00:15:38,680 You have Tau leaving AI and like a lot of those coins are also 273 00:15:38,680 --> 00:15:40,040 pumping. You have deep in, you have 274 00:15:40,040 --> 00:15:43,200 helium often in the top in the top performers. 275 00:15:43,200 --> 00:15:46,560 So you're starting to see some of these altcoin rallies, you 276 00:15:46,560 --> 00:15:48,720 know, the sort of things that used to watch YouTube videos 277 00:15:48,720 --> 00:15:51,320 about of like random altcoin, like all. 278 00:15:51,320 --> 00:15:53,320 Right, let me go see what Professor Crypto was talking 279 00:15:53,320 --> 00:15:55,160 about today. Some of those sectors are coming 280 00:15:55,160 --> 00:15:57,160 back. The meme coin sector, although 281 00:15:57,160 --> 00:15:59,320 it's still there. And you have Popcap, you know, 282 00:15:59,320 --> 00:16:02,560 going for a billion again today and you have Nero just kind of 283 00:16:02,560 --> 00:16:05,000 500 million. What you're seeing is a more 284 00:16:05,000 --> 00:16:07,360 broad based altcoin rally here for the first time in a long, 285 00:16:07,360 --> 00:16:12,040 long time. And ETH is the only L1 it would, 286 00:16:12,040 --> 00:16:15,160 well, it's not the only L1, but ETH is, is performing the best, 287 00:16:15,160 --> 00:16:16,200 which I think is very interesting. 288 00:16:16,200 --> 00:16:18,040 A lot. A lot of the time an ETH rally 289 00:16:18,040 --> 00:16:23,400 is associated with an old rally. All right, well, let's see where 290 00:16:23,520 --> 00:16:26,440 where this takes us, but definitely the market's looking 291 00:16:26,560 --> 00:16:33,200 great here with ETH at 2627 Bitcoin 63 seven and Solana 292 00:16:33,200 --> 00:16:36,080 1:45. So you know, I think honesty is 293 00:16:36,080 --> 00:16:37,640 just being comfy in all three of those. 294 00:16:37,640 --> 00:16:39,800 It's just like best thing anyone can do. 295 00:16:40,240 --> 00:16:41,200 I don't worry. I just I don't know. 296 00:16:41,200 --> 00:16:45,080 I look at all three of them. I'm like I I genuinely believe, 297 00:16:45,080 --> 00:16:47,760 of course, NF50 wire that all three of them will be much 298 00:16:47,760 --> 00:16:50,360 higher by this time in six months. 299 00:16:50,960 --> 00:16:53,080 So you could probably close your eyes and buy any of them 300 00:16:53,760 --> 00:16:56,000 Probably going to be good right? They see they they let you pump 301 00:16:56,000 --> 00:16:59,160 together. So it's it's been good I. 302 00:16:59,200 --> 00:17:00,680 Don't think they do. That's the point. 303 00:17:01,400 --> 00:17:03,520 I actually, I actually, I've said this several times, I think 304 00:17:03,520 --> 00:17:05,359 the L1 trade is really, really dangerous. 305 00:17:06,000 --> 00:17:07,800 Yeah, so. I don't, I don't think 306 00:17:07,800 --> 00:17:10,079 necessarily just sit back and forget these things. 307 00:17:10,119 --> 00:17:13,319 Be very cognizant of when one coin is out forming another. 308 00:17:13,440 --> 00:17:15,680 Like if you've been, if you'd said that with ether cycle, 309 00:17:15,680 --> 00:17:16,960 you've been absolutely destroyed. 310 00:17:18,040 --> 00:17:20,680 Absolutely. I think with Bitcoin, Bitcoin 311 00:17:20,680 --> 00:17:24,160 rallies, yeah, most other things rally, but like be wary, be I 312 00:17:24,160 --> 00:17:26,200 would pay attention. On here. 313 00:17:26,400 --> 00:17:29,160 Even though I have quite a lot of Solana bags like pay 314 00:17:29,160 --> 00:17:30,240 attention, other things are rallying. 315 00:17:30,240 --> 00:17:33,400 Solana isn't pay attention just like if ether was getting 316 00:17:33,400 --> 00:17:37,880 battered this time last year. Just don't don't be a maxi of 317 00:17:37,880 --> 00:17:41,240 anything Like things can really shift Like everyone just faded 318 00:17:41,240 --> 00:17:46,240 sui and it just went up 60% actually did like a 3 1/2 X in a 319 00:17:46,240 --> 00:17:50,800 month and a half right? Like I think, I think now it's 320 00:17:50,800 --> 00:17:52,800 time to pay attention to some of these things, in my opinion. 321 00:17:53,520 --> 00:17:55,040 Yeah, yeah. Fair enough. 322 00:17:55,120 --> 00:17:56,480 I guess we'll see. But here you go. 323 00:17:56,480 --> 00:17:59,920 This is your chart so well, let's see where Bitcoin goes 324 00:17:59,920 --> 00:18:01,760 tomorrow. But it's looking like it's going 325 00:18:01,760 --> 00:18:03,160 to be a fun week. It's good. 326 00:18:03,160 --> 00:18:05,320 It's looking at man. You got someone asking so long 327 00:18:05,320 --> 00:18:07,400 or short now? I think shorting anything will 328 00:18:07,400 --> 00:18:11,480 lead to like maximum pain. I wouldn't short anything. 329 00:18:11,480 --> 00:18:14,800 Yeah, I'm not saying Sole's not going higher because I think, I 330 00:18:14,800 --> 00:18:17,720 think Bitcoin's going to to like 90 to 100K by year. 331 00:18:17,760 --> 00:18:19,440 I think Trump gets in. That's my gut. 332 00:18:19,560 --> 00:18:22,200 And that that that goes higher on the back of that too. 333 00:18:22,200 --> 00:18:26,520 I wouldn't short shit. But I'd be very cognizant of 334 00:18:26,520 --> 00:18:30,760 when 1L1 or is not performing because it's so competitive 335 00:18:30,760 --> 00:18:33,040 there. Yeah, 100%. 336 00:18:33,040 --> 00:18:43,760 All right, well, Tyler, Tyler, Tyler, Tyler all. 337 00:18:48,120 --> 00:18:50,120 Right, our top story. Somewhat controversial. 338 00:18:50,120 --> 00:18:53,280 Kamala Harris came out and promised to help grow AI and 339 00:18:53,280 --> 00:18:57,640 digital assets at a Wall Street fundraiser, to some very mixed 340 00:18:57,640 --> 00:18:59,680 reactions from most of crypto Twitter. 341 00:19:00,160 --> 00:19:03,360 We'll get into that in a bit. BNY Melt was given approval to 342 00:19:03,360 --> 00:19:06,240 custody Bitcoin. They're the first major bank to 343 00:19:06,240 --> 00:19:09,640 receive that ability. It stems from an exemption from 344 00:19:09,640 --> 00:19:14,160 the SAB 1/21. The SEC also approved options on 345 00:19:14,160 --> 00:19:17,640 Blackrock's spot Bitcoin ETF. So now an options product will 346 00:19:17,640 --> 00:19:20,840 be available for that ETF. And then Coinbase announced 347 00:19:20,840 --> 00:19:24,800 plans to bring CBBTC, it's wraps Bitcoin product to Solana. 348 00:19:25,120 --> 00:19:27,560 So that was a nice headline for Solana and other Solana news. 349 00:19:27,760 --> 00:19:32,200 Fired answer did go live on Solana mainnet over the weekend. 350 00:19:32,200 --> 00:19:35,600 The team also shared plans for a new Internet fiber layer to make 351 00:19:35,600 --> 00:19:38,440 the Internet faster. So not only do they want to make 352 00:19:38,440 --> 00:19:41,440 Solana faster, they want to make the entire Internet faster. 353 00:19:41,440 --> 00:19:45,000 Shout out to and Magic Eden surprise announcement 180. 354 00:19:45,000 --> 00:19:47,960 They're switching to optional royalties ahead of the upcoming 355 00:19:48,000 --> 00:19:48,880 Emmy. Total. 356 00:19:49,600 --> 00:19:52,680 This comes almost a year after they switched to royalty 357 00:19:52,680 --> 00:19:56,320 enforcement Layer zero. Share the zero claim period 358 00:19:56,360 --> 00:19:59,880 ended, but there are additional unclaimed tokens for certain 359 00:19:59,880 --> 00:20:03,200 eligible users, so go check that out if you are in the 0 360 00:20:03,200 --> 00:20:05,320 ecosystem. Army, formerly Pack Moon, 361 00:20:05,320 --> 00:20:08,800 announced a community takeover with the original team stepping 362 00:20:08,800 --> 00:20:10,960 away. The price initially pumped, but 363 00:20:10,960 --> 00:20:14,520 then did sell off shortly after. Then Hamster Combat, the big 364 00:20:14,520 --> 00:20:17,120 Telegram game. They shared new details for 365 00:20:17,120 --> 00:20:19,360 their upcoming Hamster token AirDrop coming this Thursday, 366 00:20:19,360 --> 00:20:23,160 September 26th. Going to get this 131 million 367 00:20:23,400 --> 00:20:26,480 eligible walls. On that air drop list. 368 00:20:26,480 --> 00:20:28,280 So, so good luck there. And memes. 369 00:20:28,280 --> 00:20:32,320 Meme coin majors did mostly job, but Moo Dang soared to $50 370 00:20:32,320 --> 00:20:35,120 million after being featured in the Beeple everyday. 371 00:20:35,120 --> 00:20:36,760 I think it's closer to 40 million now. 372 00:20:36,760 --> 00:20:39,680 We saw moo moo shouts moo moo. We talked about them on the show 373 00:20:39,680 --> 00:20:42,480 quite a bit. They jumped 50% after a buy bit 374 00:20:42,480 --> 00:20:45,440 listing. And then Binance Nero hitting 375 00:20:45,440 --> 00:20:47,000 500 million. Definitely one of the top 376 00:20:47,000 --> 00:20:49,760 performers of the weekend. We saw Iggy Azalea share plans 377 00:20:49,760 --> 00:20:52,840 for a new online casino Motherland along with her 378 00:20:52,840 --> 00:20:56,280 upcoming Dream Vault product amidst well, I'll describe as a 379 00:20:56,280 --> 00:20:59,320 raucous party at at break point which is also all over the 380 00:20:59,320 --> 00:21:02,360 timeline. AI coins had a huge weekend as 381 00:21:02,360 --> 00:21:03,240 well. Then ordinals. 382 00:21:03,920 --> 00:21:05,680 Ordinals are pumping are. We back. 383 00:21:06,760 --> 00:21:09,600 In the leading NFTS here over the weekend. 384 00:21:10,520 --> 00:21:12,440 Are we back? Is the question. 385 00:21:13,640 --> 00:21:15,400 Ordinals look like they might be back. 386 00:21:15,440 --> 00:21:16,600 That was a nice pump on ordinals. 387 00:21:16,600 --> 00:21:17,640 Love to see that question for you. 388 00:21:17,640 --> 00:21:19,080 And then I'm going to move forward because I, I know 389 00:21:19,080 --> 00:21:20,880 there's a few topics that I want to hit on that you talked about. 390 00:21:21,560 --> 00:21:24,360 How do you, what's up with pups? They move to Solana, like how do 391 00:21:24,360 --> 00:21:25,720 I do that? They don't get it. 392 00:21:27,520 --> 00:21:29,520 Yeah. Did they move to Solana? 393 00:21:29,520 --> 00:21:32,680 Like what's going on with that? Well, so they originally moved 394 00:21:32,720 --> 00:21:36,880 to Solana and that's what caused the that, that first major 395 00:21:37,200 --> 00:21:40,720 parabola up. But then they did the when they 396 00:21:40,720 --> 00:21:43,160 launched the Ordinals token, there was the the token split, I 397 00:21:43,160 --> 00:21:46,880 think it was 101 that didn't impact the Solana token. 398 00:21:46,920 --> 00:21:49,880 So that that Solana token became effectively untradable because 399 00:21:49,880 --> 00:21:52,040 it it didn't have the extra 100 to one. 400 00:21:52,040 --> 00:21:54,040 OK. What they did is they opened up 401 00:21:54,720 --> 00:21:58,800 effectively like 100 to one conversion for the Solana token 402 00:21:58,880 --> 00:22:01,640 as well to make it effectively tradable again. 403 00:22:02,320 --> 00:22:04,680 So you're supposed to keep it on Bitcoin or Solana? 404 00:22:04,680 --> 00:22:07,080 I'm so confused. I've kept all mine on on 405 00:22:07,080 --> 00:22:09,880 Bitcoin. This is I never actually 406 00:22:09,880 --> 00:22:11,520 bridged. OK. 407 00:22:13,800 --> 00:22:15,280 I know there's a strong reason to. 408 00:22:16,280 --> 00:22:18,080 OK, cool. I just thought I missed 409 00:22:18,080 --> 00:22:19,440 something. I thought it was a deadline to 410 00:22:19,440 --> 00:22:21,080 move out of Bitcoin. I thought they were completely 411 00:22:21,080 --> 00:22:25,080 moving out, but that's my bad. Then it looks like OK, cool. 412 00:22:25,120 --> 00:22:27,680 I mean, hopefully we're, you know, we're going to pump, 413 00:22:27,880 --> 00:22:32,480 right? And Donuts, really, they're kind 414 00:22:32,480 --> 00:22:33,800 of just hanging out. Yeah. 415 00:22:34,160 --> 00:22:37,400 Cat rebounding a bit. I mean, the dog dog's holding 416 00:22:37,400 --> 00:22:38,960 250 million. It's not bad. 417 00:22:39,080 --> 00:22:41,760 Yeah, that one's really that, that one is, is extremely strong 418 00:22:41,840 --> 00:22:43,680 anyway, so talk to me about Kamala Harris. 419 00:22:44,800 --> 00:22:47,440 You know they they're saying that they want to support 420 00:22:47,440 --> 00:22:50,280 digital assets, but I I didn't hear a plan, so I was looking 421 00:22:50,280 --> 00:22:51,840 for it before the show. So we can talk about it. 422 00:22:51,840 --> 00:22:53,640 But like what, what part of it was that? 423 00:22:53,640 --> 00:22:56,120 Because you said crypto, but I don't think they talked about 424 00:22:56,120 --> 00:23:00,200 crypto, did they? Not specifically so, I mean this 425 00:23:00,200 --> 00:23:03,280 is a a lighter headline. So the reason is a big deal. 426 00:23:03,280 --> 00:23:07,080 I think this is the first time she has made any even crypto 427 00:23:07,080 --> 00:23:09,920 related remarks since she's been on the campaign trail. 428 00:23:10,120 --> 00:23:13,080 Her exact words I'm quoting. We will encourage innovative 429 00:23:13,080 --> 00:23:16,680 technologies like AI and digital assets while protecting 430 00:23:16,680 --> 00:23:19,440 consumers and investors will create a safe business 431 00:23:19,440 --> 00:23:22,560 environment with consistent and transparent rules of the road. 432 00:23:23,160 --> 00:23:25,760 That was at a Wall Street fundraiser here yesterday. 433 00:23:25,760 --> 00:23:28,240 This did come somewhat notably after Anthony Scaramucci. 434 00:23:28,240 --> 00:23:32,160 He was speaking at Token 2049. He says he has been working with 435 00:23:32,160 --> 00:23:35,920 the Harris campaign to help them develop crypto policy. 436 00:23:36,480 --> 00:23:39,280 With that being said, we don't know what the the policy is. 437 00:23:39,280 --> 00:23:40,960 It certainly has not been published. 438 00:23:41,600 --> 00:23:43,560 I think that's one of the the differences between the two 439 00:23:43,560 --> 00:23:47,640 parties in the the Republican platform, crypto is specifically 440 00:23:47,640 --> 00:23:50,640 coming out. It is not specifically called 441 00:23:50,640 --> 00:23:53,560 out in the Democratic platform, which I think has led to some of 442 00:23:53,560 --> 00:23:55,440 the questions. And it's also why folks aren't 443 00:23:55,440 --> 00:23:58,720 really believing that Kamala's words here. 444 00:23:58,920 --> 00:24:00,960 And you know, everyone keeps coming back to action speak 445 00:24:00,960 --> 00:24:03,160 louder than words. And as he sees certainly still 446 00:24:03,160 --> 00:24:07,880 kind of going after a lot of crypto companies right now, he 447 00:24:07,880 --> 00:24:10,320 nabs, he came out and spoke. He's the one probably doing the 448 00:24:10,320 --> 00:24:14,920 most viral. He really like, I think some 449 00:24:14,920 --> 00:24:16,440 people called it like an endorsement. 450 00:24:16,480 --> 00:24:19,760 I mean all he did was retweet a post about it and said I. 451 00:24:20,440 --> 00:24:22,080 Mean. That she's going to encourage me 452 00:24:22,080 --> 00:24:25,640 things and that it's, it's a positive outcome. 453 00:24:26,440 --> 00:24:28,960 That he he goes on to clarify that he agrees that Biden has 454 00:24:28,960 --> 00:24:30,440 been terrible for crypto and tech. 455 00:24:30,760 --> 00:24:33,360 She's signaling that she's going to approach it differently. 456 00:24:34,760 --> 00:24:37,560 Fine if you don't believe it, but he's basically saying like 457 00:24:37,560 --> 00:24:41,400 why not extend the olive branch? So I'm on his side. 458 00:24:41,400 --> 00:24:44,600 I got to be honest on this one, I don't see the point in being 459 00:24:44,640 --> 00:24:46,840 super combative. I think it's fine to be stupid. 460 00:24:47,560 --> 00:24:50,640 Being combative is stupid, but I do think he's being a little 461 00:24:50,640 --> 00:24:52,640 soft here. Like he's really like if you 462 00:24:52,640 --> 00:24:54,880 look at his replies, he's like, Oh, but I didn't say that. 463 00:24:54,880 --> 00:24:57,400 Oh, but every time someone says oh, they they've been pretty bad 464 00:24:57,400 --> 00:25:01,640 for crypto, he goes, Oh, I agree, but it's like digital 465 00:25:01,640 --> 00:25:03,200 assets doesn't mean crypto. By the way, she didn't say 466 00:25:03,200 --> 00:25:05,520 crypto, she said digital assets. Right. 467 00:25:05,920 --> 00:25:09,640 But I think digital assets is like a synonym at this point, 468 00:25:09,680 --> 00:25:11,680 right? Like and that's what I think 469 00:25:11,680 --> 00:25:13,600 about. But wasn't she? 470 00:25:13,600 --> 00:25:14,920 Maybe you think crypto's a negative word? 471 00:25:15,600 --> 00:25:17,560 Well, that's, but it shouldn't be. 472 00:25:19,000 --> 00:25:20,160 I would agree. Right. 473 00:25:21,120 --> 00:25:24,720 But I think their it's their job on both sides, Republican, 474 00:25:24,800 --> 00:25:27,520 Democrats, to make the word crypto not sound like it's like 475 00:25:27,520 --> 00:25:32,160 a criminal activity. No, I just win their job. 476 00:25:32,160 --> 00:25:34,280 I don't. I mean, I don't know if that's 477 00:25:34,280 --> 00:25:35,320 their. Job and the striers that made it 478 00:25:35,320 --> 00:25:37,600 their job to make sound like we're criminals in this space. 479 00:25:37,600 --> 00:25:40,320 So if they could undo that it'd be great. 480 00:25:40,520 --> 00:25:42,920 Like trust me, I've done a lot of interview last week and all 481 00:25:42,920 --> 00:25:44,360 of them think that crypto is criminals. 482 00:25:44,800 --> 00:25:48,760 Yes, I I agree with that. And, and I've had to like check 483 00:25:48,760 --> 00:25:51,040 a few reporters on that actually. 484 00:25:51,520 --> 00:25:54,520 I mean, that's just that that jives with this when I talk to 485 00:25:54,520 --> 00:25:56,120 people in general, right, I think. 486 00:25:56,120 --> 00:25:58,680 That's what. The average person thinks. 487 00:25:58,840 --> 00:26:01,520 I think he caught a lot of Flack because they're literally suing 488 00:26:01,520 --> 00:26:04,680 him. Right, right. 489 00:26:04,680 --> 00:26:06,760 I think that's what gives more weight to his statements. 490 00:26:07,080 --> 00:26:10,960 Like if anyone could be like angry and combative, like it 491 00:26:10,960 --> 00:26:13,280 could be him and he's like, maybe he just doesn't want to be 492 00:26:13,280 --> 00:26:15,840 sued for the next 4 years. He actually wants to get past 493 00:26:15,840 --> 00:26:19,000 this, and I don't really care about the opinions of people 494 00:26:19,000 --> 00:26:20,560 commenting who've got no skin in the game. 495 00:26:20,560 --> 00:26:21,920 Like I, I certainly understand, yeah. 496 00:26:22,080 --> 00:26:23,440 If someone has no skin in the game, fuck them. 497 00:26:24,480 --> 00:26:29,800 But I understand people who who say, you know, we need to see 498 00:26:29,800 --> 00:26:31,400 it. But at the same time, like I, 499 00:26:31,880 --> 00:26:34,000 let's just put this out there like we're going to argue about 500 00:26:34,000 --> 00:26:35,960 this for the next 50 days. Exactly. 501 00:26:35,960 --> 00:26:38,120 She's not going to. Do anything like it's still 502 00:26:38,120 --> 00:26:40,720 Biden's administration. She's busy campaigning to be 503 00:26:40,720 --> 00:26:43,760 president. She's not sitting down trying to 504 00:26:44,080 --> 00:26:47,640 meet Ginsler and make crypto policy changes in the next 50 505 00:26:47,640 --> 00:26:48,960 days. No, absolutely not. 506 00:26:49,440 --> 00:26:51,240 You know what though, this is a good comment though here. 507 00:26:51,240 --> 00:26:53,080 Like digital assets does not equal crypto. 508 00:26:53,080 --> 00:26:57,240 CBDC's are digital assets. Like that's my only thing was 509 00:26:57,240 --> 00:27:00,400 like, I want to hear the word crypto, you know what I mean? 510 00:27:02,600 --> 00:27:04,800 Yeah, I think that's fair. That we're buying, right? 511 00:27:04,800 --> 00:27:06,920 Like Bitcoin is a cryptocurrency, Bitcoin is. 512 00:27:07,440 --> 00:27:08,720 Do you see Bitcoin as digital asset? 513 00:27:09,320 --> 00:27:12,480 Maybe NFTS or digital assets? I think it's a digital asset. 514 00:27:12,480 --> 00:27:16,320 Yes, I can. I can see the argument that 515 00:27:16,320 --> 00:27:19,800 digital assets are wider than than just crypto. 516 00:27:21,320 --> 00:27:22,360 I guess we'll see. I mean. 517 00:27:22,440 --> 00:27:24,800 We hung up on the words. Yeah. 518 00:27:24,800 --> 00:27:27,080 I mean, keep in mind, it's not, it was not in their platform, 519 00:27:27,120 --> 00:27:28,640 which you and I covered back then. 520 00:27:28,640 --> 00:27:32,160 But we'll maybe they just maybe they adjust. 521 00:27:32,160 --> 00:27:35,600 I mean, maybe the louder Trump gets on that, maybe they'll want 522 00:27:35,600 --> 00:27:38,280 to say, hey, fuck it, you know, like we're going to start doing 523 00:27:38,280 --> 00:27:40,840 the same thing, right? Yeah, and threat guys making him 524 00:27:40,840 --> 00:27:42,880 be louder. So he got he got his questions 525 00:27:43,520 --> 00:27:44,880 out there. I saw that at. 526 00:27:45,400 --> 00:27:49,200 Mar a Lago so. No, it was in the golf course. 527 00:27:49,680 --> 00:27:53,640 Oh, OK, that's a Jupiter. Yeah, they said I was in 528 00:27:53,640 --> 00:27:55,000 Jupiter. The golf course. 529 00:27:55,120 --> 00:27:57,480 I'm I'm assuming it's Marlo goes into construction right now. 530 00:27:57,760 --> 00:28:00,040 It was a lot of construction golf season. 531 00:28:00,600 --> 00:28:04,680 It was like, yeah, it was it was actually a lot of it was just a 532 00:28:04,720 --> 00:28:06,800 bunch of shit going on there right now. 533 00:28:06,800 --> 00:28:08,640 I didn't Did you know West Palm Beach doesn't open till 534 00:28:08,640 --> 00:28:11,240 November? Like the whole ass city like on 535 00:28:11,280 --> 00:28:12,760 Sundays, like everything was closed. 536 00:28:12,760 --> 00:28:13,600 I. Did not know. 537 00:28:14,360 --> 00:28:16,440 That so everything was closed. Too hot, No one's there. 538 00:28:17,160 --> 00:28:19,760 Everything was closed on Sunday because the snowbird season 539 00:28:19,760 --> 00:28:22,280 isn't start till November. Like even Mar a Lago is closed 540 00:28:23,400 --> 00:28:27,280 and and it opens until November because you know, all my people 541 00:28:27,440 --> 00:28:29,120 from Quebec, you know, they go down with snowbirds. 542 00:28:29,320 --> 00:28:31,400 So it's funny. It's a thing like all the older 543 00:28:31,400 --> 00:28:32,880 people in Quebec go down to Florida. 544 00:28:32,880 --> 00:28:37,600 It's all Canadians, it's all Canadians, all Quebec people. 545 00:28:37,600 --> 00:28:40,200 Like it's go. You can hear people speak French 546 00:28:41,000 --> 00:28:46,000 all over Florida from like November to, to, to, to April to 547 00:28:46,000 --> 00:28:48,000 March or something. But it's so cold here. 548 00:28:48,000 --> 00:28:50,440 But Tyler, Tyler, Tyler Tyler, what else? 549 00:28:50,440 --> 00:28:53,800 There was another big headline in there that you talked about. 550 00:28:54,680 --> 00:28:58,800 It was a fire dancer. But we talked, we we covered a 551 00:28:58,800 --> 00:29:01,160 bit, but that wasn't mainnet. Yeah. 552 00:29:01,160 --> 00:29:04,760 So I think so Friday we we spent a good time deburging on break 553 00:29:04,760 --> 00:29:08,080 point. But as of Friday fire dancer was 554 00:29:08,080 --> 00:29:11,120 just on test net. So they they did subsequently 555 00:29:11,120 --> 00:29:13,800 come out and say yes live on maintenance. 556 00:29:13,800 --> 00:29:16,560 I think that was the the biggest news that broke out of Out of 557 00:29:16,560 --> 00:29:18,800 Break Point since we did the show on Friday. 558 00:29:19,120 --> 00:29:21,280 And. Then it seems like, you know, 559 00:29:21,400 --> 00:29:23,680 folks kind of had some fun, rounded out a little bit of 560 00:29:23,680 --> 00:29:28,200 partying, perhaps sponsored by Iggy Azalea, before the before 561 00:29:28,200 --> 00:29:30,760 the conference ended. Oh my God bro. 562 00:29:31,440 --> 00:29:34,440 It was all over the timeline. Jesus Christ the timelines 563 00:29:34,440 --> 00:29:40,520 losing their minds bro. Like, I don't know dude, there's 564 00:29:40,520 --> 00:29:43,360 like so many bigger fish to fry and big problems to have in the 565 00:29:43,360 --> 00:29:46,960 space and people are like arguing about what's good or bad 566 00:29:46,960 --> 00:29:49,720 for the space. You know what I mean? 567 00:29:50,480 --> 00:29:52,280 I I'm assuming you're the type of guy that can't be bothered 568 00:29:52,280 --> 00:29:54,480 with this conversation. Yeah. 569 00:29:54,480 --> 00:29:57,160 And this is like the the nonsense, like we're about to 570 00:29:57,320 --> 00:30:00,280 head into Q4. We we think it's, you know, 571 00:30:00,280 --> 00:30:03,760 historically it's been up only for crypto prices. 572 00:30:04,000 --> 00:30:06,360 Future is bright. There's a lot of very positive 573 00:30:06,360 --> 00:30:07,800 macro things. And this is what people are 574 00:30:07,800 --> 00:30:09,080 spending their time talking about. 575 00:30:09,840 --> 00:30:12,360 And it's, I mean, it's a bad luck for, for crypto Twitter. 576 00:30:12,360 --> 00:30:14,080 So I think we, we talked about this a little bit offline. 577 00:30:14,080 --> 00:30:16,240 And you know, coming out of your Trump interview last week, he's 578 00:30:16,240 --> 00:30:17,920 like, this is a great onboarding opportunity. 579 00:30:17,920 --> 00:30:22,320 Like you, you've got the the receipts folks who want to get 580 00:30:22,320 --> 00:30:24,040 into crypto but don't know how to do it. 581 00:30:25,520 --> 00:30:28,120 Well, guess what, Like after Twitter is just talking about 582 00:30:28,120 --> 00:30:31,120 Iggy Azalea stripper parties and not talking about anything else. 583 00:30:31,120 --> 00:30:33,240 Like that's not the most welcoming onboarding 584 00:30:33,240 --> 00:30:35,720 environment. And I think what Eric Trump said 585 00:30:35,720 --> 00:30:37,760 like it's not the most hospitable industry. 586 00:30:37,760 --> 00:30:40,160 I don't think it's very hospitable right now at all. 587 00:30:40,320 --> 00:30:41,640 I think that is something that like we can. 588 00:30:41,640 --> 00:30:43,640 All Oh, that was that was that was an interesting. 589 00:30:43,720 --> 00:30:45,720 I have the interview of that I should post that. 590 00:30:46,080 --> 00:30:47,720 I thought his comment was interesting about the 591 00:30:48,000 --> 00:30:51,600 hospitality and crypto and how crypto should be more 592 00:30:51,600 --> 00:30:53,000 hospitable. By the way, that's despite 593 00:30:53,000 --> 00:30:55,240 anyone's political opinions. That was not a political 594 00:30:55,240 --> 00:30:56,720 statement they made. It was just like, hey, like, you 595 00:30:56,720 --> 00:31:00,000 know, it's just from a hospitality standpoint at a 596 00:31:00,000 --> 00:31:03,120 hotel, you make sure we make sure you never carry a bag from 597 00:31:03,120 --> 00:31:06,640 the door to the room to the this to the that, and then crypto 598 00:31:06,640 --> 00:31:08,720 should be more hospitable. I was talking to someone at a 599 00:31:08,720 --> 00:31:11,240 major crypto company. I don't want to name who, but 600 00:31:12,000 --> 00:31:15,200 who company few weeks ago in in Korea and they were saying it 601 00:31:15,200 --> 00:31:20,600 takes like X amount of clicks to be able to create an account And 602 00:31:20,680 --> 00:31:23,040 it's like 30 clicks. And I was like, why did it 603 00:31:23,040 --> 00:31:25,440 shouldn't take 30 clicks to make an account with set company, It 604 00:31:25,440 --> 00:31:28,800 should take like 2 clicks and then they're, they're up and 605 00:31:28,800 --> 00:31:30,120 going. So yeah, there's still, there's 606 00:31:30,120 --> 00:31:33,040 still like there's still a lot of friction, but hopefully, you 607 00:31:33,040 --> 00:31:36,280 know, I think I honestly, I mean, The thing is, I'm, I'm 608 00:31:36,280 --> 00:31:38,040 always positive. So obviously it's tough for 609 00:31:38,040 --> 00:31:39,200 people. I do think that we're getting to 610 00:31:39,200 --> 00:31:41,400 that point where like we, we, we understand, we acknowledge that 611 00:31:41,400 --> 00:31:42,800 and a lot of teams actually solving for it. 612 00:31:43,520 --> 00:31:46,080 So it seems like we're doing better on that front, right? 613 00:31:46,080 --> 00:31:47,600 Like you're I know you're about to talk with magic eating, for 614 00:31:47,600 --> 00:31:49,440 example, because you know, it was quite a big headline, but 615 00:31:49,440 --> 00:31:51,240 like they've made their own wallet and this and like they're 616 00:31:51,240 --> 00:31:54,400 making it easy and more seamless to like buy shit, right. 617 00:31:54,400 --> 00:31:57,240 So it's like I think we're focused on. 618 00:31:57,600 --> 00:31:59,160 Yeah, yeah, I'm still bullish and optimistic. 619 00:31:59,160 --> 00:32:01,440 I think a lot of the, you know, we had plenty of builders who 620 00:32:01,440 --> 00:32:03,000 were trying to tackle the usability issue. 621 00:32:03,000 --> 00:32:04,800 Like I don't, I don't think it's a surprise or something that's 622 00:32:04,800 --> 00:32:07,000 not known. You know, crypto has 623 00:32:07,120 --> 00:32:10,440 historically not been very usable, user friendly. 624 00:32:10,600 --> 00:32:11,800 The onboarding has been terrible. 625 00:32:11,800 --> 00:32:13,800 It's getting better. And like we're seeing the mobile 626 00:32:13,800 --> 00:32:15,960 first focus. That was one of the takeaways 627 00:32:15,960 --> 00:32:18,240 from break point. We've got Pac-Man and blast. 628 00:32:18,240 --> 00:32:21,040 Whatever you think about blast, I mean, at least he's he's going 629 00:32:21,040 --> 00:32:25,960 all in trying to to do like the mobile stack, which is a a good 630 00:32:25,960 --> 00:32:27,680 vision, right? And we we've got the team in 631 00:32:27,680 --> 00:32:31,280 abstract doing similar. So clearly there is a lot of 632 00:32:31,280 --> 00:32:33,280 focus on and and guess what? It's still, it's definitely 633 00:32:33,280 --> 00:32:35,320 better than it was three years ago. 634 00:32:35,680 --> 00:32:39,160 Well, what happens if like so I happen to say this, a lot of 635 00:32:39,160 --> 00:32:40,280 phone becomes extremely successful. 636 00:32:40,280 --> 00:32:42,520 It actually becomes a better phone, like hardware wise 637 00:32:42,520 --> 00:32:44,840 everything and starts popping off the app base. 638 00:32:44,840 --> 00:32:47,720 Or what I find is if like Suey's Game Boy, like they have a Game 639 00:32:47,720 --> 00:32:50,320 Boy thingy that they announced months ago works out. 640 00:32:50,320 --> 00:32:54,160 What happens if I don't know, some developer on Ethereum, you 641 00:32:54,160 --> 00:32:57,120 know, built something that you know will be used like mass 642 00:32:57,120 --> 00:32:59,200 adopt etcetera. So I think we're pretty close to 643 00:32:59,200 --> 00:33:01,160 it, dude. Honestly, it's just going to 644 00:33:01,160 --> 00:33:03,360 take a little bit of time, but we're we're definitely getting 645 00:33:03,360 --> 00:33:08,520 to that point where where I think, you know, crypto's going 646 00:33:08,520 --> 00:33:10,760 to be more adopted through actual stuff that people 647 00:33:10,760 --> 00:33:13,160 actually want to use anyways. So what else you got in here? 648 00:33:13,160 --> 00:33:14,320 I mean, we could talk about the point of view. 649 00:33:14,320 --> 00:33:17,880 I call it magic Eden stuff, but it seems to have pissed off a 650 00:33:17,880 --> 00:33:21,240 lot of people on the timeline. But don't you think it's like it 651 00:33:21,240 --> 00:33:23,400 was bound to happen at this stage, like we still having the 652 00:33:23,440 --> 00:33:25,640 conversation? What do you think? 653 00:33:26,360 --> 00:33:28,400 Yeah, I'm ultimately fine with it. 654 00:33:28,960 --> 00:33:31,240 I think it might piss people off because I was actually going 655 00:33:31,240 --> 00:33:33,920 back to my old newsletters. So I I wrote this up last 656 00:33:33,920 --> 00:33:36,080 November. So they made news last November 657 00:33:36,080 --> 00:33:39,560 and it was Magic Eden and Yuga board apes they teamed. 658 00:33:39,920 --> 00:33:43,320 Up. To launch royalty enforced NFTS 659 00:33:43,400 --> 00:33:47,400 on Ethereum, that's kind of how Magic Eden made their debut for 660 00:33:47,560 --> 00:33:50,920 ETH NFTS. And it was kind of hand in hand 661 00:33:51,440 --> 00:33:54,400 with Yuga. And this was the move away from 662 00:33:54,400 --> 00:33:57,520 Blair because Blair was was still the dominant player at 663 00:33:57,520 --> 00:34:01,280 that point in time, November 2023, and had, you know, lion's 664 00:34:01,280 --> 00:34:05,080 share of the market. And now Magic Eden has made 665 00:34:05,160 --> 00:34:06,880 tremendous gains. Like they've, they've got the 666 00:34:06,880 --> 00:34:09,080 lion's share of the market or at least a majority. 667 00:34:10,120 --> 00:34:13,440 And now they're kind of going back just to on their word 10 668 00:34:13,440 --> 00:34:15,639 months later. And like hand in hand, they're 669 00:34:15,639 --> 00:34:18,880 both flipping. So, so Yuga, they're going to 670 00:34:18,880 --> 00:34:24,040 optional royalties. And then Magic Eden is also 671 00:34:24,080 --> 00:34:25,440 here. They're saying we've heard your 672 00:34:25,440 --> 00:34:29,719 feedback, we're enabling optional royalties on our 673 00:34:29,719 --> 00:34:31,120 chains. So like they're kind of like 674 00:34:31,520 --> 00:34:34,080 pushing it to like, oh, we're in response to the community. 675 00:34:34,679 --> 00:34:36,600 I don't know, I guess I haven't seen a whole lot of chatter from 676 00:34:36,600 --> 00:34:39,880 the communities like just demanding optional royalties at 677 00:34:39,880 --> 00:34:41,280 this point in time. I feel like I haven't heard much 678 00:34:41,280 --> 00:34:43,040 out of that discussion in in months. 679 00:34:44,920 --> 00:34:47,360 Yeah, me neither. I mean, NFTS in general haven't 680 00:34:47,360 --> 00:34:49,600 really done really well, so it's not like royalties have been 681 00:34:49,920 --> 00:34:51,800 pretty high. I mean, look, I'm always been 682 00:34:51,800 --> 00:34:54,639 priority, always was. We were some of the last people 683 00:34:54,639 --> 00:34:57,000 on the front lines of that, you know, defending them on this 684 00:34:57,000 --> 00:34:59,880 very show with Ovied Mando when the open sea founders came on, 685 00:34:59,880 --> 00:35:03,600 which after that they hated me for life, which is OK. 686 00:35:05,600 --> 00:35:07,400 They were really pissable that show, by the way. 687 00:35:08,600 --> 00:35:10,920 Anyways, we're a year later, right? 688 00:35:10,920 --> 00:35:14,080 I can see it. Think they unfollowed us and 689 00:35:14,080 --> 00:35:16,600 stop talking to us and they didn't want to do anything ever. 690 00:35:16,600 --> 00:35:19,640 We'll agree to again. But it was funny anyways. 691 00:35:21,040 --> 00:35:23,480 You know, as much as I believe Creator Rhodes is, is what lit 692 00:35:23,480 --> 00:35:25,760 up the space, reared your feedback a little with magic. 693 00:35:25,760 --> 00:35:27,480 You didn't believe that this is the right move. 694 00:35:27,480 --> 00:35:31,680 This change in tune look like, I don't know, feels like a dried 695 00:35:31,680 --> 00:35:34,280 out conversation at this stage. Yeah, that's one of my 696 00:35:34,280 --> 00:35:35,920 takeaways. Hopefully this is just the end. 697 00:35:36,760 --> 00:35:39,520 Yeah, it's we can. We can move forward. 698 00:35:41,280 --> 00:35:48,440 Yeah, also then you make the mistake of you're putting art 699 00:35:49,120 --> 00:35:52,720 and PFP collections that are more like meme coins than art in 700 00:35:52,720 --> 00:35:55,240 the same basket. And then you're you know what I 701 00:35:55,240 --> 00:35:58,680 mean? Like I want my boys art to get 702 00:35:58,680 --> 00:36:00,000 his royalties. And as a matter of fact, guess 703 00:36:00,000 --> 00:36:02,280 what? Collectors that art collectors 704 00:36:02,280 --> 00:36:05,280 pay their royalties usually after the fact, even if they do 705 00:36:05,280 --> 00:36:07,680 a private sale, very often they'll like send money to 706 00:36:07,680 --> 00:36:10,960 someone or like, I don't know, even now, like all the you saw 707 00:36:10,960 --> 00:36:13,240 superheroes doing private sales as a lost Robbie that sold for 708 00:36:13,240 --> 00:36:15,440 200. But you know, super is on the 709 00:36:15,440 --> 00:36:17,200 private cell business. You have what fountain and then 710 00:36:17,200 --> 00:36:20,120 you have this new huge platform. By the way, we should do a we 711 00:36:20,120 --> 00:36:22,240 should get Roger Dickerman at some point, maybe this week. 712 00:36:22,240 --> 00:36:25,640 Let's do an art because it's a fuck ton happening in the art 713 00:36:25,640 --> 00:36:27,760 world of crypto right now. Did you see the new platform 714 00:36:27,760 --> 00:36:30,480 that's backed by the guy who sold the Salvador Mundi for $450 715 00:36:30,480 --> 00:36:32,600 million? I saw the headline but I have 716 00:36:32,600 --> 00:36:35,760 not dug into it the. Guy who sold SO or Guy Slash the 717 00:36:35,760 --> 00:36:39,480 people who sold the Salvador Mundi for $450 million launched 718 00:36:39,480 --> 00:36:43,120 a platform for crypto art. This is mega news. 719 00:36:43,120 --> 00:36:45,440 So we should we should we'll do a round up for for the art side 720 00:36:45,440 --> 00:36:48,400 of things, But and there's a lot of big sales happening X copies 721 00:36:48,400 --> 00:36:51,160 as so The thing is like with like the crypto art, 722 00:36:51,160 --> 00:36:52,960 specifically the roads is being taken care of. 723 00:36:52,960 --> 00:36:56,200 But you know, I don't know, it's like, I get it, I get it. 724 00:36:56,200 --> 00:36:58,880 It's just it's just completely different conversation that's 725 00:36:58,880 --> 00:37:02,520 happening now versus versus before. 726 00:37:02,520 --> 00:37:05,600 So and also like, I feel like, look, we're never going to get 727 00:37:05,600 --> 00:37:08,160 NF TS 2021 back again, right? So it's like, you know, and then 728 00:37:08,160 --> 00:37:10,200 ordinals showed that like the royalty things did, like 729 00:37:10,200 --> 00:37:11,680 ordinals came in pretty much like, fuck this. 730 00:37:11,680 --> 00:37:16,720 There's no royalties for ordinals, right? 731 00:37:16,720 --> 00:37:20,800 Speaking of which, Tyler, I saw that in your in your top, but 732 00:37:20,840 --> 00:37:22,440 wow, some green across the board here. 733 00:37:23,160 --> 00:37:26,640 Yeah, let's go through it. So no monkeys at .187 that 734 00:37:26,640 --> 00:37:30,400 they're up like 80. So they're at .1 maybe a couple 735 00:37:30,400 --> 00:37:32,920 weeks ago. So they're up 80% pump its back 736 00:37:33,000 --> 00:37:38,200 over .1 or .11 OM BS up 19%. It's interesting. 737 00:37:38,200 --> 00:37:39,760 So qualm, oh, qualm cats have moved a little bit. 738 00:37:39,760 --> 00:37:41,440 They actually weren't up much this morning. 739 00:37:42,400 --> 00:37:46,320 They're up back to 1/4 Bitcoin. So they've moved less, but they 740 00:37:46,320 --> 00:37:49,200 also they didn't really they weren't hit as hard in in the 741 00:37:49,200 --> 00:37:52,200 downturn. So they were the most stable of 742 00:37:52,360 --> 00:37:55,200 any, the clear leader in floor price. 743 00:37:55,200 --> 00:37:57,880 But now by market cap, I mean node monkeys are are clearly in 744 00:37:57,880 --> 00:38:00,720 the number one because there's 10,000 of them. 745 00:38:01,520 --> 00:38:05,640 So what what is .2 Bitcoin? That's roughly was that 4/4 and 746 00:38:05,640 --> 00:38:08,280 1/2 ETH, 5 ETH. I'm trying to figure out you. 747 00:38:08,520 --> 00:38:13,720 Know where ETH OK, so it's 12.6 K ETH is 2650 it's 475. 748 00:38:14,160 --> 00:38:18,440 Yeah. So this is kind of a notch below 749 00:38:18,440 --> 00:38:21,200 Uzuki then on on four parts. That's right, actually mean 750 00:38:21,240 --> 00:38:22,320 Uzuki here. Here you go. 751 00:38:22,640 --> 00:38:24,200 Yeah, it's 8 is one ETH on the Uzuki. 752 00:38:24,200 --> 00:38:26,760 So it's about 25, twenty, $600.00 less than the Uzuki. 753 00:38:27,760 --> 00:38:31,120 It's half of a Penguin, so the node monkeys. 754 00:38:31,120 --> 00:38:32,160 So the biggest collection technique. 755 00:38:32,200 --> 00:38:35,280 I don't know, I guess. Yeah, yeah, half. 756 00:38:35,560 --> 00:38:37,400 Yeah. I mean, there's to me that means 757 00:38:37,400 --> 00:38:39,040 there's so much upside on ordinals still. 758 00:38:40,440 --> 00:38:42,120 You feel like there is an upside on ordinals. 759 00:38:42,160 --> 00:38:44,160 That's your take. Yeah, Yeah, absolutely feel that 760 00:38:44,160 --> 00:38:45,280 way too. I think we're kind of waiting 761 00:38:45,280 --> 00:38:48,880 for the bottom. It it seems like the bottom 762 00:38:48,880 --> 00:38:51,800 probably is behind us. Yeah. 763 00:38:52,200 --> 00:38:55,040 What's more promising is the volume is volume is coming back. 764 00:38:55,760 --> 00:38:58,480 I was coming back. No monkeys are at 14 Bitcoin 765 00:38:58,520 --> 00:39:01,320 volume that's that's almost 1,000,000 bucks. 766 00:39:02,080 --> 00:39:04,960 I was never worried about my, my, my puppets bag, not gonna 767 00:39:04,960 --> 00:39:06,360 lie. I, I had every single one of 768 00:39:06,360 --> 00:39:11,120 them and I even when it was point O 8 point O 7, whatever. 769 00:39:11,120 --> 00:39:13,720 It's like I The thing is for me, like it's the same thesis that I 770 00:39:13,720 --> 00:39:15,680 had in 21 with the like some of my Ethernet. 771 00:39:15,680 --> 00:39:18,920 She's like, well, in the run when ETH goes up, like the major 772 00:39:18,920 --> 00:39:21,840 collections go up and like, you know, the Fantastic Four of of 773 00:39:22,080 --> 00:39:26,640 of of Bitcoin is like what puppets, puppets, monkeys, OMB 774 00:39:26,640 --> 00:39:31,880 and and quantum cast right, And that's the what I think, and I 775 00:39:31,880 --> 00:39:33,400 think Woody even seems to agree, right. 776 00:39:33,400 --> 00:39:35,080 I think he had made a post about this a while back. 777 00:39:35,080 --> 00:39:37,040 Was it Woody? I think Woody made talked about 778 00:39:37,040 --> 00:39:40,120 this right? I think so and so and now this 779 00:39:40,120 --> 00:39:42,560 morning I look it up. Every single major collection is 780 00:39:42,560 --> 00:39:45,960 up the same 20 points, monkeys, puppets and and the OMB and just 781 00:39:45,960 --> 00:39:49,280 confirms my my thesis with Bitcoin being up right. 782 00:39:49,280 --> 00:39:52,200 So it's like it's it's a good, it's a good. 783 00:39:52,200 --> 00:39:55,400 I wouldn't be surprised. For example, I must think, yeah, 784 00:39:55,400 --> 00:39:58,720 sure, like my moon boy math was like 2 1/2 Bitcoin per puppet. 785 00:39:58,880 --> 00:40:00,080 That doesn't mean that's going to happen. 786 00:40:00,080 --> 00:40:04,840 But like will we go back to .4 Bitcoin per puppet at like 75 K 787 00:40:04,840 --> 00:40:06,760 Bitcoin I mean. I don't. 788 00:40:07,920 --> 00:40:09,160 I don't. That that would be, of course, 789 00:40:09,320 --> 00:40:11,360 by the way, fully backed bias got a bag of them. 790 00:40:11,560 --> 00:40:15,880 But I do think there's a possibility, I don't think it's 791 00:40:16,000 --> 00:40:18,720 out of like, OK, think about this, 1/4 of a Bitcoin per 792 00:40:18,720 --> 00:40:19,880 puppet. Do you say that's possible? 793 00:40:20,400 --> 00:40:22,440 It's not a twist. So there you go, right. 794 00:40:22,440 --> 00:40:24,720 And but Bitcoin's not going to go much lower from here, right? 795 00:40:24,720 --> 00:40:27,160 So it's with Bitcoin being up. So let's say Bitcoin's like 75 796 00:40:27,160 --> 00:40:29,560 K, you could see puppets keep going forward. 797 00:40:29,560 --> 00:40:31,480 And that's what happened. The first one's 74K like 798 00:40:31,480 --> 00:40:33,840 puppets, OMB. And, and when I say puppets, I 799 00:40:33,840 --> 00:40:36,600 mean really the Fantastic Four, like top 4 collections, we're 800 00:40:36,600 --> 00:40:39,920 all grinding up with it. And it's always an old monkey. 801 00:40:39,920 --> 00:40:43,240 So old monkeys are kind of the like when no monkeys go up, like 802 00:40:43,240 --> 00:40:44,360 puppets have been following that. 803 00:40:44,400 --> 00:40:46,120 It's kind of the deep Bitcoin of Bitcoin, right? 804 00:40:46,120 --> 00:40:48,160 I don't know how to put it the other way, but it's good to see. 805 00:40:48,920 --> 00:40:53,000 I will say the only thing that gives me some pause is so we 806 00:40:53,000 --> 00:40:55,520 know that the magic eating AirDrop is coming. 807 00:40:55,520 --> 00:40:57,200 So like how much of this is farmer driven? 808 00:40:57,200 --> 00:41:02,040 And then like 4 listings are thick, like like listers are 809 00:41:02,040 --> 00:41:06,560 using four and five decimal points edge each other out right 810 00:41:06,560 --> 00:41:10,880 now. And so like sweep of 10 or 15 811 00:41:10,880 --> 00:41:12,960 really doesn't move the needle on these. 812 00:41:12,960 --> 00:41:15,080 It's like that's the thing that's like giving me a little 813 00:41:15,080 --> 00:41:19,080 bit of a pause. And I thought that was what was 814 00:41:19,080 --> 00:41:21,920 different perhaps of the rally back in Q1. 815 00:41:22,600 --> 00:41:24,880 And that's probably why we saw a little bit more violent 816 00:41:25,000 --> 00:41:26,640 movement. And I'm talking about known 817 00:41:26,640 --> 00:41:29,000 monkey specifically. I haven't been as close to the 818 00:41:29,000 --> 00:41:30,680 puppets floor. It's not bad. 819 00:41:30,680 --> 00:41:35,920 Actually, it's not that bad. But yeah, it definitely takes a, 820 00:41:36,000 --> 00:41:38,000 it was going to take a lot of volume to move these markets 821 00:41:38,000 --> 00:41:40,080 though, you know what I mean? I see what you mean. 822 00:41:42,040 --> 00:41:44,840 I see the, the, the, so we we talked about the bowl case. 823 00:41:44,840 --> 00:41:47,400 The bearing is also I'm not, I don't see any node monkeys or 824 00:41:47,440 --> 00:41:50,920 puppets on the timeline much at all these days. 825 00:41:50,960 --> 00:41:53,960 Like the folks who had their, their PFPS switched to puppets. 826 00:41:53,960 --> 00:41:55,920 I got I feel like they switched them back and they're just not 827 00:41:55,920 --> 00:41:59,400 as not as loud. There's these guys around them. 828 00:41:59,640 --> 00:42:02,440 They have their puppets right these. 829 00:42:02,440 --> 00:42:03,960 There you go. OK, as long as these two? 830 00:42:04,080 --> 00:42:09,160 These two guys popping up. Yes, he moved back after that 831 00:42:09,160 --> 00:42:12,400 punk sail. He was like, fuck this, he's so 832 00:42:12,400 --> 00:42:16,360 funny. But yeah, he he he he moved 833 00:42:16,360 --> 00:42:17,840 back. Yeah, these and TG still on the 834 00:42:17,840 --> 00:42:20,320 puppet wave. You know, that one was Sobby, 835 00:42:20,320 --> 00:42:24,920 but Sobby moved to his D God, anyway, Sobby's washed like, OK, 836 00:42:24,920 --> 00:42:26,720 I love you, Sobby. I love you. 837 00:42:26,720 --> 00:42:29,560 So. All right, well, that's that 838 00:42:29,800 --> 00:42:32,680 that front. Anything major that I missed 839 00:42:32,680 --> 00:42:36,080 before we move on to our Arbitrum update, Tyler? 840 00:42:36,680 --> 00:42:39,760 Yeah, I think that was it. Our Army announced our CTO. 841 00:42:40,240 --> 00:42:42,640 And it's. Kind of a sad story. 842 00:42:42,640 --> 00:42:44,040 I don't know. We ready to get into it. 843 00:42:44,360 --> 00:42:46,240 I mean, we can, I think it sucks. 844 00:42:47,240 --> 00:42:49,440 It's just, I know, I know a lot of people flower money this one. 845 00:42:49,440 --> 00:42:51,080 So I think it's kind of it's kind of blows. 846 00:42:52,280 --> 00:42:55,560 Well, the, I mean, yes, they did well, a lot of people are just 847 00:42:55,560 --> 00:42:57,000 round trip bags that were given to them. 848 00:42:57,000 --> 00:43:00,960 So like as like I was given large amount of tokens from the 849 00:43:00,960 --> 00:43:04,800 initial PAC moon creator program and you know, I was holding and 850 00:43:04,800 --> 00:43:07,240 it was doing well. I could hit 60 million market 851 00:43:07,240 --> 00:43:12,240 cap, 180 FTV at peak. It's interesting to see Bobby's 852 00:43:12,240 --> 00:43:14,600 thoughts here. So he kind of shared the note on 853 00:43:14,600 --> 00:43:19,520 like their their X6, the team is left effectively, he felt that 854 00:43:19,520 --> 00:43:23,160 they're fighting an uphill battle and blast that blast 855 00:43:23,160 --> 00:43:27,280 wasn't really giving enough incentives to people for people 856 00:43:27,280 --> 00:43:30,880 to hold tokens, which I don't know, PAC moon was like the 857 00:43:30,880 --> 00:43:36,520 number one lottery winner or on on the the blast Lotto wheels. 858 00:43:36,520 --> 00:43:38,600 I don't know if you can really make that argument. 859 00:43:41,320 --> 00:43:44,440 He goes on to say how Elon the Twitter change kind of destroyed 860 00:43:44,440 --> 00:43:46,880 their social fight component, which yes, that that did. 861 00:43:47,000 --> 00:43:49,800 That's true, but The thing is also you're trying to build a 862 00:43:49,800 --> 00:43:51,840 company on somebody else's API, right? 863 00:43:52,160 --> 00:43:57,320 Right. So, yeah, that one, that one, 864 00:43:57,680 --> 00:43:59,320 But I feel like they moved past that. 865 00:44:00,360 --> 00:44:03,400 He goes on to say that he thought that pack was likely 866 00:44:03,400 --> 00:44:07,520 going to bleed to zero with the in line with the blast price 867 00:44:07,520 --> 00:44:08,760 action. Because blast price action was 868 00:44:08,760 --> 00:44:10,400 bad. They decided to bridge to 869 00:44:10,400 --> 00:44:14,920 Solana, but then they effectively rushed it and they 870 00:44:14,920 --> 00:44:16,560 didn't do a strong enough launch plan. 871 00:44:16,560 --> 00:44:20,160 And then a negative, a negative loop began when prices started 872 00:44:20,160 --> 00:44:21,320 to fall. Yeah. 873 00:44:22,800 --> 00:44:24,080 I mean, I think we even said it like. 874 00:44:24,440 --> 00:44:27,920 We called it. I was, I thought I gave them, I 875 00:44:27,920 --> 00:44:30,320 thought bin Salman could go out OK, but they had to have no 876 00:44:30,560 --> 00:44:33,600 chance a plan. And this didn't make it clear 877 00:44:33,600 --> 00:44:36,160 this didn't have a plan. They, they launched like the 878 00:44:36,160 --> 00:44:39,720 weird campaign where it was an army against like they, they 879 00:44:39,720 --> 00:44:43,240 tried to make it like a political army thing against one 880 00:44:43,240 --> 00:44:48,120 of the the French candidates. I forget the details, what 881 00:44:48,120 --> 00:44:51,840 behind that, what? Or you could like earn points by 882 00:44:52,160 --> 00:44:55,440 you know, making army related posts on this specific specific 883 00:44:55,440 --> 00:44:57,000 topic. It didn't really go anywhere. 884 00:44:57,320 --> 00:45:00,520 French. Candidate, I'll have to go back 885 00:45:00,520 --> 00:45:03,280 and look at the details. OK, I hadn't heard of that. 886 00:45:03,680 --> 00:45:07,520 I man, it's a painful chart to watch. 887 00:45:07,520 --> 00:45:10,400 I think it's over now. I was super, I was a fan. 888 00:45:10,520 --> 00:45:13,480 I never owned any PAC Moon, but I was always like a fan of them 889 00:45:13,480 --> 00:45:16,920 because I liked like how they were running moving on blast. 890 00:45:17,440 --> 00:45:19,680 Look, I said same thing that OSF in the back and he kept 891 00:45:19,680 --> 00:45:21,440 believing till the end. So I'm assuming a lot of people 892 00:45:21,440 --> 00:45:24,400 were like this. But like the move to Solana was 893 00:45:24,400 --> 00:45:27,280 just terrible mistake. Like I think it talked to Lambo 894 00:45:27,280 --> 00:45:29,080 land all the time. Lambo to say, Hey, why do you 895 00:45:29,320 --> 00:45:32,520 like like being a bigger fish in the bigger pond? 896 00:45:32,520 --> 00:45:35,240 Like my mom had this one fun saying when I was growing up. 897 00:45:35,240 --> 00:45:36,840 Always let me see if I can translate it to English. 898 00:45:36,840 --> 00:45:40,240 But how it sounds like be a big fish in a small pond. 899 00:45:40,280 --> 00:45:43,840 Would you rather be a big fish in a small pond or small fish in 900 00:45:43,840 --> 00:45:46,560 the big pond? And very often, like people 901 00:45:46,560 --> 00:45:48,960 should realize that being a big fish in small pond is better, 902 00:45:49,840 --> 00:45:52,240 right? And and you can achieve more. 903 00:45:52,240 --> 00:45:56,160 And like we move to Solana, which was already getting that 904 00:45:56,160 --> 00:45:58,160 was peak Solana fun, like meat pump. 905 00:45:58,240 --> 00:46:00,400 Now we're back, right? But it was like peak Solana fun, 906 00:46:00,400 --> 00:46:02,240 like meme coins being created every day. 907 00:46:02,560 --> 00:46:04,120 Too many coins. Everything's drugging. 908 00:46:04,120 --> 00:46:06,640 You're moving in the worst time ever for Solana, right? 909 00:46:06,640 --> 00:46:08,640 It's almost like the pico top of Solana. 910 00:46:08,880 --> 00:46:11,160 They're moving into this thing and they're leaving blast. 911 00:46:11,160 --> 00:46:13,560 But like the problem is not blast like and I'm not a fan of 912 00:46:13,560 --> 00:46:15,000 blast right. We talk about all the time. 913 00:46:15,080 --> 00:46:16,760 None of us are big blast guys either. 914 00:46:16,760 --> 00:46:18,400 Like we don't do anything on them besides fantasy top. 915 00:46:18,400 --> 00:46:21,920 Look at fantasy top. Fantasy top is thriving. 916 00:46:22,400 --> 00:46:25,760 Fantasy top is doing they're they flipped a positive, casual 917 00:46:25,760 --> 00:46:28,800 positive for a second, right? Like they are killing it. 918 00:46:29,160 --> 00:46:31,080 They don't care about the fucking chain they're building 919 00:46:31,080 --> 00:46:32,640 on, dude. Like I think a lot of people 920 00:46:32,640 --> 00:46:35,480 don't realize like, and I'll say this, a founder who's like 921 00:46:35,720 --> 00:46:40,280 building on L2 and you know, obviously we get every L1 and L2 922 00:46:40,280 --> 00:46:43,120 like messages us to to talk about Marriott and where we're 923 00:46:43,120 --> 00:46:44,800 going to next. You guys about to see some crazy 924 00:46:44,800 --> 00:46:46,160 shit. Now I can focus on that again 925 00:46:46,160 --> 00:46:47,600 after the Trump and stuff and everything. 926 00:46:47,600 --> 00:46:50,960 But like it's not about the L1 or L2. 927 00:46:50,960 --> 00:46:53,160 It's about the team actually building the fucking thing. 928 00:46:53,440 --> 00:46:55,760 And a lot of people think that it's about the the inherent 929 00:46:55,760 --> 00:46:59,720 L1L2, but it's not right. Like it's, it's, you know, you 930 00:46:59,720 --> 00:47:03,320 could, you could, it's, it's just, I don't know, I think I 931 00:47:03,320 --> 00:47:05,600 think you should sit on blast. I should have, they should have 932 00:47:05,600 --> 00:47:07,480 stayed a big fish in the in a small pond. 933 00:47:07,640 --> 00:47:10,480 They should have gone to token 402049 been part of the events 934 00:47:10,480 --> 00:47:12,880 with blast. You know, like from a, you know, 935 00:47:13,560 --> 00:47:15,400 from a thing standpoint, cause some people also didn't care 936 00:47:15,400 --> 00:47:17,280 about pack moon. People are using pack moon cared 937 00:47:17,280 --> 00:47:18,760 about their ecosystem on top of that. 938 00:47:18,760 --> 00:47:22,560 So on top of this, they move from from EVM to an alt L1, 939 00:47:22,600 --> 00:47:24,320 right? So as long as they went from 940 00:47:24,320 --> 00:47:29,440 like Blast to I don't know dude, Arbitrome or any other one. 941 00:47:30,400 --> 00:47:33,840 Yeah, it's it's only left the ecosystem, perhaps even worse is 942 00:47:33,840 --> 00:47:37,600 like they basically bottom tick blast, blast. 2. 943 00:47:38,720 --> 00:47:42,080 Up 25%. Is it and in the theorem's about 944 00:47:42,080 --> 00:47:44,800 it seem I mean Mandel's pretty convinced about it and I agree 945 00:47:44,800 --> 00:47:47,760 with him. Like theorem's about looks 946 00:47:47,760 --> 00:47:53,600 pretty good man, you know, so so anyways, you know, not to to 947 00:47:53,600 --> 00:47:55,800 double down on that, but look at it is what they tried. 948 00:47:55,800 --> 00:48:03,560 They definitely tried like, you know, label and and and and, you 949 00:48:03,560 --> 00:48:06,040 know, and fuck, fuck. God's name. 950 00:48:06,360 --> 00:48:09,120 Yo, I'm sorry about that. Sorry, that's Monday morning. 951 00:48:09,400 --> 00:48:13,800 But but you know, if they tried, they tried, but it's that's too 952 00:48:13,800 --> 00:48:17,160 bad. Well, anyways, so Tyler, sorry, 953 00:48:17,160 --> 00:48:19,520 let's get into our last segment. Oh, it was to support the 954 00:48:19,680 --> 00:48:23,480 founder of Taigram, Pavel Durov. It wasn't like I just got a 955 00:48:23,480 --> 00:48:24,480 message. Yeah, yeah. 956 00:48:24,480 --> 00:48:27,440 That's what. It was for us to support Pavel 957 00:48:27,440 --> 00:48:31,000 Durov doing the thing as well. So look like that that that's 958 00:48:31,000 --> 00:48:33,880 not a bad stint, but stunt. But like, you know, it's just 959 00:48:33,880 --> 00:48:36,360 too bad. And we'll see where where this 960 00:48:36,360 --> 00:48:37,960 the community takes it next. You never know. 961 00:48:37,960 --> 00:48:40,960 You absolutely never know. Anyways, let's get into our last 962 00:48:40,960 --> 00:48:43,280 segment here, the Arbitrum weekly update. 963 00:48:43,360 --> 00:48:45,600 We had a great Arbitrum event last week. 964 00:48:45,600 --> 00:48:48,560 Shout out to our for sponsoring our event, Co sponsoring our 965 00:48:48,560 --> 00:48:50,560 event last week in Singapore as well as the Zuki one. 966 00:48:50,680 --> 00:48:52,000 It's funny, they were both in the same location. 967 00:48:52,000 --> 00:48:53,960 I didn't realize that Zuki had an event in the same location as 968 00:48:53,960 --> 00:48:56,240 us the day before at Coma Singapore. 969 00:48:56,440 --> 00:48:58,920 I only got some positive feedback from the Marriott Tides 970 00:48:58,920 --> 00:49:01,440 event that they they Co sponsored. 971 00:49:01,440 --> 00:49:03,840 I absolutely love to see that. So I do want to, I do want to 972 00:49:03,840 --> 00:49:06,440 say a big thank you to them for that and for supporting the 973 00:49:06,440 --> 00:49:08,600 ecosystem. But Tyler, what's new in that 974 00:49:08,960 --> 00:49:11,320 ecosystem this week? Yeah, we got some big news 975 00:49:11,320 --> 00:49:15,480 across institutions, NFTS and games in the arbitrary 976 00:49:15,480 --> 00:49:16,520 ecosystem. So I'm going to start the 977 00:49:16,520 --> 00:49:18,960 institution. So Franklin Templeton launched 978 00:49:18,960 --> 00:49:21,280 their Benji platform on arbitrage. 979 00:49:21,280 --> 00:49:23,760 So if you're not familiar with Benji, it is their Real World 980 00:49:23,760 --> 00:49:27,280 Assets Treasuries platform. This enables tokenization and 981 00:49:27,280 --> 00:49:30,040 servicing of mutual funds on block chains. 982 00:49:30,040 --> 00:49:33,640 So like when we think about the future of tokenization, real 983 00:49:33,640 --> 00:49:37,360 world's assets, and this is right in that bullseye, this is, 984 00:49:37,400 --> 00:49:39,280 it's a big deal. They launched their first 985 00:49:39,280 --> 00:49:42,040 digital asset security. It's the Franklin on chain U.S. 986 00:49:42,040 --> 00:49:45,640 government money fund. It goes by FOBXX, kind of a long 987 00:49:45,640 --> 00:49:47,640 name. And then one share of this 988 00:49:47,640 --> 00:49:50,640 mutual fund is represented by 1 Benji token. 989 00:49:50,640 --> 00:49:52,920 So that's what it is. The news here, it's live on 990 00:49:52,920 --> 00:49:54,480 Arbitrum. Previously it was just on 991 00:49:54,480 --> 00:49:57,760 Polygon and Stellar. Guess what, it only reached 992 00:49:57,760 --> 00:50:02,440 about $2,000,000 in market cap on Polygon, over 17,000,000 on 993 00:50:02,440 --> 00:50:04,800 Arbitrum. So it's already out of the gate. 994 00:50:05,280 --> 00:50:10,280 It's seeing quite a bit more action here from Arbitrum. 995 00:50:10,280 --> 00:50:13,240 So that's the big news institutions and real world 996 00:50:13,240 --> 00:50:16,800 assets and the NFT size of Stylus. 997 00:50:16,800 --> 00:50:18,240 We talked about Stylus quite a bit. 998 00:50:18,240 --> 00:50:22,880 This was their change to make it more interoperable code based 999 00:50:22,880 --> 00:50:24,880 platform. You could it would bring 1000 00:50:24,880 --> 00:50:28,080 languages like Rust on to Ethereum. 1001 00:50:28,160 --> 00:50:32,040 Russ, known from the salon as a developer programming language 1002 00:50:32,120 --> 00:50:36,160 in the salon ecosystem now available on Arbitrome as a part 1003 00:50:36,160 --> 00:50:37,880 of the data commemorative NFT launch. 1004 00:50:37,880 --> 00:50:42,240 They've already seen 800,000 mints on this GMT is called 1005 00:50:42,240 --> 00:50:45,000 infinite rainbows by him Buena Buena Vida. 1006 00:50:45,480 --> 00:50:48,720 It's a free mint generative art rhythmic motion piece. 1007 00:50:49,240 --> 00:50:51,600 The mint is open through October 6th and then you can redeem for 1008 00:50:51,600 --> 00:50:54,720 physicals. So if you burn the NFT, you have 1009 00:50:54,720 --> 00:50:57,280 through November 4th to burn it and then you'll get the the 1010 00:50:57,280 --> 00:50:59,560 actual physical piece. So clearly there's been a ton of 1011 00:50:59,560 --> 00:51:00,800 demand on. This. 1012 00:51:00,800 --> 00:51:02,640 I gotta get that. I like him and I remember her 1013 00:51:02,640 --> 00:51:04,240 from Clubhouse and stuff. She's been around. 1014 00:51:04,360 --> 00:51:07,000 She's a hustling Jesus. Yeah, and the piece is cool. 1015 00:51:07,000 --> 00:51:08,720 The physical's cool in the digital. 1016 00:51:08,720 --> 00:51:11,960 The NFT is as well. And I mean, it's free, so you 1017 00:51:11,960 --> 00:51:13,320 can't get longer. There's no gas. 1018 00:51:13,480 --> 00:51:15,320 There's no gas in arbitration. We are, Come on. 1019 00:51:15,520 --> 00:51:16,680 It's good for the soul, everyone. 1020 00:51:17,200 --> 00:51:19,240 It is, but you know, we need those bright colors. 1021 00:51:19,400 --> 00:51:21,640 We do. As you know, some of us head 1022 00:51:21,640 --> 00:51:24,080 into winter here. Yeah, you and I both, huh? 1023 00:51:24,240 --> 00:51:27,280 Well, mine doesn't. Fucking Jesus Christ. 1024 00:51:27,280 --> 00:51:29,920 Anyways. And then shout out on a couple 1025 00:51:29,920 --> 00:51:33,400 games headlines. So King of Destiny hit 1,000,000 1026 00:51:33,400 --> 00:51:36,240 downloads. That's a big number all there in 1027 00:51:36,240 --> 00:51:39,360 there, you know, Web 3 gaming space on Arbitrum. 1028 00:51:39,400 --> 00:51:43,000 And then you mention so be Zye that they've got this other game 1029 00:51:43,000 --> 00:51:47,640 Rift Storm is is coming to Zye as an exclusive flagship title. 1030 00:51:48,400 --> 00:51:51,640 So the game ecosystem on Arbitrum continues to to cook as 1031 00:51:51,640 --> 00:51:53,480 well. So there we have it, NF, TS, 1032 00:51:53,840 --> 00:51:57,320 games and institutions. I mean, they've got dookie dash, 1033 00:51:57,320 --> 00:52:00,360 the whole thing. Everything's I mean there's like 1034 00:52:00,360 --> 00:52:02,960 ape chain by default, right? And everything like it there. 1035 00:52:03,360 --> 00:52:06,520 They're on the tear. Jesus, they are. 1036 00:52:06,720 --> 00:52:09,280 They're on a tear. They're on a tear. 1037 00:52:09,280 --> 00:52:13,800 And then you had more news. Also new features on on Sanko as 1038 00:52:13,800 --> 00:52:16,040 well. Dude, I'm seeing Sanko all over 1039 00:52:16,040 --> 00:52:20,280 my timeline all the time. Like actually all the time. 1040 00:52:20,280 --> 00:52:21,800 These people are all over my timeline. 1041 00:52:21,800 --> 00:52:26,440 So wow, a lot of a lot of positive updates on the Arbitrum 1042 00:52:26,440 --> 00:52:30,560 side anyways. Anyways, anyways, fam, well, 1043 00:52:30,560 --> 00:52:35,240 that's that. That's a wrap for today's show 1044 00:52:35,320 --> 00:52:38,120 and we'll see you tomorrow morning, 10:00 AM Eastern 1045 00:52:38,120 --> 00:52:41,360 Standard Time for another episode of FOMO Hour on Work 1046 00:52:41,360 --> 00:52:42,720 Radio. Let's go.