Yo-yo, what up? What up?
Good morning, Good morning, GMG Woo.
Tuesday, Tuesday, September. No, No, no, no, no, no, no.
No. October 1st.
Tuesday October 1st 2024444 Look
at that another beautiful day to have a beautiful day, another
beautiful quarter to have a beautiful quarter.
Oh baby it is locked in season has officially started today and
we are so back like we never left.
I got my Co host in the house Tyler Mando.
How you guys doing today GM? GM guys, how are you?
Good. Good, we're good.
So funny how many different things is up at.
All right now. Yeah, I don't think your mic's
connected either. That's OK.
Tyler, how you doing? I'm good woke up this morning.
What? Check.
Test it.
Test, test, test.
OK. Go just tap it.
It's this one. I got my other one.
Hello.
Oh.
There we go. Yeah, that's better.
Yeah, we can. Maybe after the after the show,
we'll we'll fix the my stuff. Tyler, how you doing today?
I'm good, woke up, the boards were green.
We're still a little bit here just now.
We'll get into it, but still feeling good this morning.
Yeah. I mean, look, we're on the verge
of another World War Three, the Second World War 3 of 2024.
So, so, so we, well, I'm sure we'll, we'll get to that in a
second in the market report. But we may, we may have to hang
tight a little bit for October. It's it, it might be, it might
be paused for a little bit, you know, and, and don't blame me
and my people. OK, it's but but there's
definitely, there's definitely some, some stuff to, to, to pay
attention to on the other side of the world once again, very
sadly. But anyways, today I'll show
today, today market report as usual.
So let's talk about that stuff. Also, I want to talk about
China. I think we got to talk about
this too much together in mind though, So definitely want to
talk about what's happening on that side of the pond.
Tyler's top 1000. Let's see if Tyler's got a top
1000 today. But his favorite meme point I
noticed was was up like bajillion percent last night.
Wyack, that was hilarious. It was a friend of mine, my
friend George, I guess is still in it.
It was like, hey, this is up like 3000%.
I was like what? Or whatever.
So that was hilarious or 600%. I don't know what it was, but it
was hilarious. As was that arbitrary update.
We'll do it today because we couldn't do it yesterday.
It was too much going on. We didn't have time.
So we'll do the quick updates with y'all today and Robin loot
box spin. So pay attention.
Get your raffle bought or XYZ ready.
At some point of the show, I'll give a code and you'll have to
run a quick quest for us and and enter the giveaway.
Reminder that two times the last two spins were this close, this
close to crypto bug. So it's getting hot in here.
And then last but not least, this show is powered by galaxies
with seamless built in monetization tools.
Galaxies enables the development of sustainable long term
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freedom and independence from centralized control.
Wow, Oh wow, that was so clean. Anyways, Anyways, anyways Mando
mando mando mando talk to me about this market.
Can you dig it? GM everyone.
So yeah, we I've had a little bit of a sell off as we've gone
live, mainly because a lot of headlines coming out around
about what's going on in the Middle East has some talk about
potentially a missile being sent from Iran to Israel at the
moment, which kind of caused Bitcoin to drop about $1000 it
looks like. But nothing crazy.
And we've definitely stabilized around there.
So really just like geopolitical headlines other than that had
been a, you know, stocks hit all time high yesterday.
We have some jobs data. Well, yes, you had Powell go
out, come out yesterday and say there's probably only going to
be two more rate cuts from now until year end.
I think you probably have to take him at his word there, but
there's not that much wiggle room.
I would say we've only got two more fed meetings.
So like, it would be strange, I think for him to, to, to not say
that there'd only be two cuts from now until year end.
Like he, he would just tell you if there's going to be 3.
So we're at two. Interestingly, like EU inflation
came out today and came in at 1.8%.
So you're starting to see inflation figures now dip below
normally like the long term targets of these central banks.
2% was the inflation target for for the EU and we're at 1.8%.
the US is kind of edging towards that too as well.
So inflation's definitely coming down pretty rapidly around the
world and we are, we're in like a fairly decent spot I think for
rate cuts still. The jobs figure will be the big
one to see if the market's still on track.
But at the moment, nothing seems to be that worrying.
I think for like the global economy, apart from this
geopolitical stuff, which, you know, we'll see what happens.
We've kind of yes, last time we had a bit of a sell off and then
we rebounded, who knows, who knows this time.
So that's been like the main, main worry in terms of markets
again, like Bitcoin probably has been the one underperforming if
anything, like Bitcoin dominance continues to like come down a
little bit. You saw Suey probably continue
to be the main name in L1's at the moment.
That's that's rallying that hit like a new, well, not a not a
new market price high, but a new market cap high again yesterday.
They've got $100 million unlocked today.
So it was a bit of a bullish unlock, so to speak.
I think some people have been expecting it to sell off around
the unlock and in the end it's just kind of rallied.
So yeah, it's a bullish unlock, which sometimes happens.
And in general, I would say the majority of crypto, at least the
meme coin sector was, was OK. Solana is also still up over a
24 hour period at least. So this really just feels like a
period where Bitcoin dominance is coming down a little bit.
You'll probably it's going to touch about 57% I reckon soon.
I reckon you could see it bounce from there.
You have yeah. You had like a few different
midcap meme coins. I think Tyler was talking about
it, but like fog SPX again, like a few of those.
And then some of the ones which are under 50 million all had
like big jumps yesterday. So kind of decent, decent bounce
across the board in in in meme coins in terms in terms of like
adoption headlines. I mean, I don't know if you
think the Trump thing is adoption, but obviously his
thing went to a white list of those going to be non-us users.
You had some of the FDX creditors approve a
restructuring plan. There's still going to be a lot
of hearings about that over the coming months.
You had Robin Hood, looks like they're going to be expanding
their, their, their operations in the EU with relation to
crypto. There was some talk about Japan
lowering the capital gains tax on crypto.
Ohio is going to allow crypto to be used for paying your taxes.
So just a few like, yeah, yeah, Ohio.
Well, there's a bill that's going to try to add that one to
the pile. Nice.
And then, yeah, so like a few different stuff happening in
terms of like the big crypto native headlines, everything.
The only real big one was aside from that was like Eigen layer.
Eigen layer was probably the biggest unlock we've seen.
It's not, I guess the air drop happened a while ago, but this
is became transferable transferable and it hits $7
billion FDB. So a ton of different people on
the ETH chains were were like farming that one.
So I think of a bit of an unlock for for a bunch of different
people there. But yeah, looks like, it looks
like we've sold off sort of about 2% roughly on the back of
this on the back of this this headline.
Yeah, we did something like that.
We're you never really know what's going to happen with
these things. 62 six you like my my bull flag anyways, yeah,
62.67 on on Bitcoin Ethereum's at 2575 and you have Solana just
holding like that 153 mark right now.
So that's what we're looking at in terms of prices.
And I guess the ME majors are Pepe at 4 1/2 billion, Mug at
600 million and then with at $2.47 billion.
So it's not looking that bad given the headlines.
But you know, there's definitely a lot of a lot of uncertainty
around the market right now, which I'm assuming is because of
that Mando, right? When it comes to to to the
market, I don't think people rush to buy.
Right now I think just has a short memory, you know, and, and
like we that the last time this happened what Bitcoin felt like
$10,000 like. Yeah, in one candle.
It was insane. It was it was insane.
Let's go look at it. It was back in April.
It was back. It was this candle.
You're right. Yeah, that was it was April,
April, April. It was this, it was this one.
Actually, we ended up we we closed the month green.
We like rebounded after that exact headline here, yeah.
But it was a big, big move. It was trading at like 65 K.
We went all the way down to like high 50s, I think, yeah.
Yeah, we went, it's 59 K but we were trading at 72 K that month,
Yeah. This one, yeah.
So I think people just are wary of that, you know, But I think
if you do see a Wick down, depending on what gets fired
where, yeah, I think I think it will probably be a bounce off
the back there. I mean, hey, you know what?
They want to give me a, they want to give me a chance to long
it at like 58, you know, not mad, you know.
To be honest this was the only thing I was kind of worried
about. I even said it yesterday.
Like the only thing I was worried about from now until
kind of even year end was this the we had closer towards World
War three. This is kind of the biggest
escalation I can kind of imagine from here.
After this I don't really see it escalating like this is kind of
what I was worried about. Unless time.
Unless China decides to invade Taiwan in the next couple of
months, I think. He's probably, yeah, let's avoid
that. Yeah.
Let's not even put that out there.
Yeah. I mean, look, I I follow this
doubt. The one guy.
I mean, this is his Olympics, right?
Like this guy, this guy, shit like that goes down.
The Walter Bloomberg guy, you know, he's caps lock.
He's locked in, so it looks. Like he's on fantasy top, Is he
on fantasy top? He's good, He's the He'd be a
tough. Guy EB is, but he's not.
Yeah, he should be, right Tyler. Like I actually, he should be on
fantasy top. Maybe because he's he's much he
tweets beyond just pure crypto and so is DB, but.
Yeah, he's, he's he, he's out there.
Anyways, it says 13 minutes ago, Iranian attack expected next few
hours. And then you have CNN senior
White House correspondent tweets the US expects that the
potentially forthcoming Iran attack, attack on Israel could
be similar in scope and scale as the attack back in April.
So that's what you were saying this morning, Mendo on chat?
Yeah, I think Iran, Iran's probably told, told everyone
just like last time. And you'll see like in some ways
a not measured response, some ways a measured response, like I
don't know. But normally if you give your
cause also like when missiles fired from Iran, if you don't
know the map, like it has to travel quite a long way.
It has to go away all over. It has to go away all over parts
of Iraq, then Syria. And so there's kind of a lot of
time for like different, different people to intercept it
on the way, so. It's giving you.
Yeah. Anyway, so if anyone's, you
know, affected it out there, we definitely think about you guys.
It's fucking sucks and these times are tough, but you know,
it's it's, it's something that we're going to have to pay
attention to on on our side as well.
So definitely, definitely not great headlines as we go into Q4
and into October. It was, it was all chill.
And now it's it's, it's not so chill.
So we'll be waiting to see what happens there.
But crypto last time we remember, don't, don't be don't
get shaken out. You know, that's the only thing
we can tell people because it literally just happened back in
April and everybody got super scared and then we needed GCR
tweet to save the market. So maybe that's what's going to
take GCR back out into tweety. But anyways, so that's a good
round up on the on the market. Anything on China, Mando, did we
already talk about everything? Like, is there any other news
except for the fact that they're pumping up billions of dollars
into the economy? The only headline I saw today
was that that they are considering beefing up the ETF
industry. But as far as I'm aware, China
markets were closed today. So nothing you didn't see like I
think the the Nikkei, the Japanese index rallied back, but
I think most China markets were closed today.
I don't know why. OK, well there you have it.
Tyler, Tyler, Tyler. Let's see what you got for.
US today, yeah, our top story. Crypto majors have fallen 2 to
3% this morning as news breaks that Iran is preparing a
ballistic missile attack against Israel.
Oil up 3%, Stocks down 1%. Another macro news, drone pal
Mando mentioned this. He said that the Fed's base case
is 2 more 25 BPS cuts and in the year just 50 BPS lower.
The prediction markets are still pricing even with 75 BPS lower.
So we will see. I like the tokens officially
unlocked, opening at $4.00 and a $6.9 billion FDV.
Also a wild finish for prediction market betters as
well. Perhaps we'll get into that.
Solana open up applications to a Solana incubator with an October
4th deadline that is this, so go apply there if you're
interested. Jesse Pollock announced he will
be taking a leadership role with Coin Base Wallet and joining the
Coin Base executive team in addition to his leading base.
So big news for Jesse and base and then Tim Waltz and JD Vance
set to square off NAVP vice presidential debate tonight with
Waltz favored to win at 72 to 75%.
In prediction markets right now in protocol news, the Trump
families, World Liberty Financial, they open up their
white list for some Americans. I believe they're credited
investors only. They this was shared in a tweet
by President Trump OCH on chain heroes are launching an idle RPG
on chain game on abstract. One of the first major names to
declare. So that was big news and then
shape and art focused L2 officially launched and
celebrated with several opening day mints from some big name
artists like DK motion and Harvey Rainer and memes.
NF teams meme coin majors were up big overnight with Bonk
Popkat all up 10% mog as well Wyack and Geeko GEICO.
I'm not sure how to say it. They were notable top performers
Vlog big move as well. Beeple dropped a new art piece
Tree of knowledge. It's a it's a pretty slick
piece. It's a kinetic sculpture with a
switch that allows users to see signal and noise as two
different views. Zagabond shared a brief state of
Azuki post where he shared updates and accomplishments from
the team against prior feedback points yesterday on Twitter.
Notable Pepe's tease their series 7 kick off that's
happening later today. I think they've already sold
like 40 ETH in cards already and then ruins ruins leaders mostly
green again, dog, rsic and billion dollar cap all in the
green. So it was a it was a nice day.
OK wow, love to see that. So wait, you're, you're saying
you're saying our ruins are green?
Well, they were as of this morning.
Hopefully they haven't gone too far South here with the the
Bitcoin. But I'm refreshing the board.
Yeah, it's still green. Well, there you go.
You absolutely love to see that.
You love to see that. Anyway, so where do we even
start? I feel like Eigenlehower is like
one of the biggest stories. Right, Yeah.
And I think that is arguably the the biggest story here from the
day a lot of I saw CBB had an interesting tweet about
basically saying if this came in came out under 4 billion FTV, it
was a pretty bad sign for new token launches and just kind of
stayed at the market. It came out closer to 7 billion.
I think it, it is selling off a little bit live right now.
Not a huge surprise, but I think this is AI think this is a
bullish outcome. I think folks are happy with
where Eigen is coming out here. I think it's the impact is
perhaps, you know, are more teams going to feel more
comfortable perhaps launching tokens in Q4 now?
Like we've had a pretty big dry spell for air drops and token
launches since, you know, well, April May was mania over
saturated. Every post air drop token chart
had the exact same price action and it was basically straight
down. And I can look into buck the
trend here, see who who perhaps is Next up.
Yeah. You want to see an interesting
prediction, Mark I I tweeted this out the.
Action all that let's let's talk about this because that explain
to me what? Because I read your tweet this
morning first thing, but that's crazy.
So the the market here was would Eigen AirDrop by September 30th,
which is yesterday. So you know, it's trading at
like 50% up until a few weeks back and then they announced the
day as September 30th. You know, it shoots to 9597%
like you think you basically won the bet.
And then what, like a day ago they announced, OK, we're
actually we're going to do it at midnight, which is October 1st.
So it dropped effectively to 0 from 97% all the way to like 5
percent, 3%. And then last night apparently
launched a few minutes early. So it did come out on September
30th, much to everyone's surprise.
So anyone who bought it at like 2 or 3% instantly hit the 30X
and anyone who sold, I think the lesson here is just never sell.
Like if you're already down to two or three percent, there's
just no, no reason to sell. Just just hold for like the the
wild outcome there. But so some pretty interesting
action. I mean, never sell is, is is
name of the game. You know, I'm good.
Never sell his name of the game over here.
That's an interesting 1. So I, I mean, yeah, because I, I
saw it was 9:00 PM PST originally and people like fuck,
like I'll have to stay up all night and wait for my did you
guys get any tokens? I did not.
Did did you get some? I know no.
Oh, you're muted. Let.
Me see, I haven't even looked. I need to.
I need to check it out. What, what?
What would make us eligible for Eigen layer AirDrop?
A ton of things. Like, a ton of things.
How do we see? You might.
Tyler, you use a lot of dapps and sure you surely you're,
you're eligible for this. I thought Eigen was more for
folks who who were just re staking on their platform.
Ah, this could be. So what's the website?
What's the official website? That the one that won't drain
me. I usually ask Tyler for that,
but now he. I don't have it handy.
Actually I wasn't deep in this because the the AirDrop of
tokens happened a while ago. This was just the.
Token, OK, So it's on the Agenfoundation's website,
obviously. So it's not on Agenlayer's
website, itsagenfoundation.org claim I get now.
So it takes you here. Enter check eligibility
Metamask. The thing is, nowadays we all
have like a million wallets. So let's see.
Are you guys ready to see how I get 0 tokens live on air?
Oh, you knowledgeable RIP. Where's my I have a want want
want button somewhere here. I need to clean up my my other.
It is there you go. Stay tuned for future rewards.
So I I get none of that shit. Yeah, I was not eligible as
well. But I mean these it came out as
like the 90th biggest crypto token by by market cap.
I get. This just a lot.
There's Agenlayer's very legitimate technology as well.
It's not just like, oh, it's a coin.
And people would think like Agenlayer is extremely
legitimate technology. We've been talking a lot about
Agenlayer, dude, don't ask me. This is not my shit, OK?
Nobody. Knows.
Nobody knows. What I mean, but it's
provocative, yeah. It's not my shit.
Couple conversations with the Eigen guy.
Did you not see that tweet yesterday where somebody said I
will pay someone like a billion trillion dollars to explain what
eigen layer does and the eigen layer found?
A replied like something that just no one would understand.
Oh yeah, I mean you. Want me to explain to you?
Let me explain to you. OK Eigen layer as foundation OK
facilitates theorem validators to stake their ETH again to
secure protocols cause active service activated service.
Sorry ABS. So basically the restaking
mechanism pulls the pulls the security together, increasing
the cost of potential attacks and building a stronger
ecosystem. So basically in, in, in, in, in
in, you know, layman's terms what can be on burden it's.
It's really one of those. I've gone pretty good at the
Kamala thing, Hey, like I and you know, it's the clouds, you
know the huge. I thought that was a pretty good
explanation there. I googled it, that's why it's
actually, no seriously, it's Eigen layers foundation
facilitates Ethereum validators to stake their ETH again, see it
to secure basically it's security layer for Ethereum.
So basically you can stake and restake your Ethereum on a
secure level. And if you want to attack it
like from a from a hacking standpoint and all that stuff,
it cost you more. So it's basically like securing
the network when it comes to Ethereum and just making it more
robust. Like TLDR, Eigen layer makes
Ethereum more robust and stronger.
That's for someone who wants surface level understanding like
myself. But if you want to go deeper,
like, yeah, like on the myriad level, like, you know, I know
LOX is talking to egg and layer people because egg and layer DA
technology apparently is really good.
And like I know Sobi works with them on some stuff.
So like, I don't know. But that's stuff I can't explain
because you know, I'm, you know, I start my role, the company
maybe. The problem is anyone who bought
E3 steak it since February is down.
Yeah, on that choice maybe. Well, that's, I mean, listen, if
you bought ETH to, you know, and steak, that's your problem.
Anyways, you buy ETH to buy mug our little mug clip actually get
the, the, the a lot of views the other day on the on the FOMO art
page. You absolutely love TCA and
we're 80 followers away from 10:00.
We, we cannot hit that 10,000 mark.
I swear to God, you guys want me to give away $5000 today or not
give away money every day to you guys can't give 10,000
followers. Come on, man.
Anyways, Tyler, you had a few other things in your, in your
top that that look very interesting.
I like the unction hero stuff because we don't talk about what
through gaming that much, but like what?
What's what's going on there? Yeah, it was actually a beanie
tweet that that put this on my radar.
And then Luca and the abstract team were interacting with it.
But apparently this is a pretty notable game, Unchained Heroes,
you know, from a pretty big team here.
And in his tweet, he's talking about, you know, perhaps the the
driver there was some of the incentives to come build.
Certainly, you know, I don't think that's any secret that
that's why, you know, teams are choosing to build on whether it
be Blast Ape chain or or hear abstract.
I think this is notable because, you know, we we've seen some
updates out of like what abstract is in the vision, but
we haven't gotten, you know, a whole lot of updates with
respect to products and like apps that that are coming to
abstract. And here's a big one.
And and folks who are deeper in the gaming space seem to be
pretty bullish on it. So seems like.
I've heard of unchain heroes before, just I didn't go too
deep on it, but I've seen them around quite a little bit.
So I've I've heard of it. So I guess it's the first of
many to launch an abstract and we'll see what they've got
cooking. So that was that was some, some,
some news on there. And then you had sorry in your
in your stuff. You also had.
I mean, let's see, what else did you have?
Shape was a big one from yesterday.
So for for those in the art scene.
So you've been talking about shape a little bit.
So this is the art focused L2 that that's the the pitch here.
So they, they opened up their own, their own L2.
It's from the team behind DECA. They officially went live
yesterday. They they debuted with several
mints, notable artist DK Motion, Harvey Rainer, several others,
you know, similar how DECA had that like that collector model
where you could, you could get, you know, new and updated
genitive art based on what you collect here you can collect
metals. So you can collect metals as a
form of a collector score. I was playing around with their
site in L2 yesterday. They they've got they made some
good decisions. 1 you can use gas from other EBM JS.
So like if you hadn't bridged much ETH over to shape yet, you
can actually pull gas from my blast or base.
So I actually had not seen that function before.
This is a great website. So I thought that was cool.
There's an easy like bridge link front and center in the top
right, which I thought also made sense, just like some nice UI
touches that you don't always see, which just makes things a
little bit easier to to do. So, you know, we'll, we'll,
we'll see how it takes off digital art.
I mean we, we've just got some momentum X copy beef Brothco and
that the most likes like he's got some momentum right now.
We'll see if if it carries over to the primary market.
This is really cool by the way, so if you're in the art side of
the space, I would pay that. This is really nice website.
Huh, interesting, interesting. That is super cool.
Just a reminder, raffle ball dot
XYZ if you want to enter the giveaway at the end of the show.
Robitae is the code ROLBITDAY spin of art.
Mr. Tyler, first of all, are you going to this?
I'm tempted. This all the election night.
Election night at People Studios.
That sounds like it's going to be so fun.
That'll be a fun party. I'll probably, I'll probably be
home with the family that night. Yeah, yeah, yeah.
I'll probably have some some action on the line.
That I'll be Oh yeah, that would be fun.
Anyway, Speaking of it, the reason why the people so he he
announced a new series of work. Yeah, Tree of Knowledge.
I mean, I am a huge fan of his Kinect sculptures.
I think this is some of the best art in the world right now.
He's the master of this. So it's called Tree of Knowledge
and, and the, the core idea, it's kind of a, a view of
technology and how we're interacting with technology as
society and how there's like 2 worlds signal where everything
we have a healthy balance with tech and that's like the green
tree and then we use it for knowledge.
And then there's the noise, which is which you can toggle to
see this. And man, it doesn't feel like
we're in the noise era right now, like the sound versus the
signal. Yeah, but it's a, it's a cool
piece. That is really cool, have you
seen them in IRL DS? I have it.
No, it's like human one. Human one sold for.
I was looking back at it today. It sold for $29 million.
It's one of the biggest all time digital art fails.
Yeah, that. I was trying to think, does he
have other Kinect sculptures? I thought there was another one
but I couldn't find it. So is it just human made?
He made a few of them like at the people studios, like if you
go to people studios, like there's a there's a few of them
hanging around and and it's super freaking sick dude.
Like it's there's so the he has the studios.
Really everyone should try and go to to the to the to people's
studios once at least, because that's so much fun.
There's a lot going on. Anyways, in other news, I mean,
what else do you have? Do you have you have the world
liberty defy stuff in there? I saw the the the the the post
going up yesterday. I don't know if you wanted to
cover that, but. Yeah.
I don't have a whole lot else on on that.
They opened it up. I think for US folks, you have
to be accredited investors, Yeah.
Then if you're outside the US you can sign up as well.
I didn't see a a way to find like how many people had signed
up. I imagine there was a lot of
interest for that whitelist already so that'll be
interesting to see if that info comes out.
We're 35 days from the election so scarcely the countdown is on.
Like are they going to launch this pre pre election or not?
All right, because you have a polymarket thing on it, right?
I think Polymarket's before the end of the year, so a little bit
more time. I think a lot of folks feel
like. No, no, it's before the
election. Oh, OK.
Wow. It settles on November 4th all.
Right then the clocks really ticking then.
It's this one, right? Before the election.
Yeah, yeah, that's the main one. Yeah, it's before the election,
so that clock is taken. And then you had some, some
light NFT news here that I'm seeing with regards to Zuki and
whatnot, right? Yeah, Zuki, it wasn't.
It was more just like a recap. I didn't think it was nice to
kind of have everything in one place.
So Jacob LON just kind of hearing what I called a state of
Azuki, he talked about, you know, everything they've been
doing IP expansion with their Azuki anthology anime series
Episode 1, which has already come out.
Their support for collectors, introducing their collector
system, improved communication with their garden gathering
calls on Discord, and they're new behind the Beans documentary
documentary series they're launching on YouTube.
Their support for builders with the Uzuki passport and their
garden tour. And then the long term Vision
for Anime 2 Point O and an-ime.com as core pillars of
their upcoming anime chain. So it was a nice refresher, kind
of got Uzuki kind of back on the timeline is Akabon doesn't give
a whole lot of updates. So it's one where you do pay
attention when when he speaks up, not necessarily like a a
market mover type announcement, but a nice recap.
So, you know, we'll see what else they've got cooking here.
Come come Q4. Love that All right, well, let's
see what's what they've got cooking, but I, I definitely I'm
bullish on them. I think I like the the approach,
I like what they're, what he talks about on timeline and I
like what they're doing a lot. So I'm excited to see what the
Uzuki team cooks before we go to the ARB update and then we'll
get to the robit giveaway. The code is robit day,
ROLLBITDAY, robit day, robit day.
All you have to do is listen to our show and then follow the
instructions, different instructions.
Every day you retweet the post and of course, follow us a
little bit because without them, none of this would happen.
Tyler Arbitrant update. We couldn't do it yesterday, but
what's what, what, what did they have cooking in the past couple
of weeks? Yeah, quite a bit.
So last week we we dropped the headline for their bridged USDC
standards and this ended up being one of the the Hallmark
updates from last week. So bridged USDC stand on all
their orbit chains. The idea here is to reduce
liquidity fragmentation across all the chains so developers,
they can deploy this USDC standard using the Arbitron
bridge. And the key is there's an
optionality for a future upgrade to to the native USDC.
So per the team, this is permissionless, standardized,
secure and audited. Plus it's upgradable and in
theory once more and more bridged USDC is used, liquidity
increases, then there will be an option for mutual agreement
across all these parties where you circle upgrades to native
USDC. So I think that is kind of the
end goal here is that you're bridged USDC will convert to
native USDC, which is more interoperable and gives you some
more functionality. So this is what they're working
towards, but some strong progress, I think already 179
million in TVL accumulated across the L2 orbit chains and
certainly USDC, a big part of that.
A few other quick hitters out of Arbitrum.
So Coinbase's Ratch, Bitcoin, CBBTC is coming to Arbitrum
soon. So that would be 1 to watch.
And then a lot of action coming out of Token 2049.
So they had a major event called Arbi Verse.
It was I believe their first event with no speakers, just
projects bringing their communities to life IRL and
together. And then I also believe their
CEO and Co founder Steven from Off Chain Labs spoke with
Vitalik about the evolution of L twos and how ARB is controlled
contributing to Ethereum's vision with with stylus.
So that's a that's a pretty hallmark conversation there.
Definitely recommend folks check that out.
Yeah, that Arbor Verse thing looks really good.
They had like basically every project or not every, but like
like a ton of projects that are building Arbitrum like at the
same spot, which was really cool.
They had a little like stuff in Japan and Korea, of course, with
what they were doing, but it was not as big.
But like Arbiverse in in Tokyo, a token looked like really fun,
but Vitalik was there. So I know Vitalik's a big
Arbitrum fan. Yeah, I'm rightfully so.
Right. I mean arbitrum.
The biggest contributors to the entire they're.
The leading L twos, right? I think it's fair to say that
they're the L2 that's the closest to the final form that
Vitalik wants to see from L2's right?
Yeah, and, and they keep continuing to grow.
So we also had a lot of big gaming news.
Oh. Toby, look at this.
Look at that. Look at our boy.
Look at him. He's he's deep in there and they
just announced Zai Games announced another $10 million
grant, so they continue who's. Migrant.
Brother, why don't we get any of these bronze?
Where are these bronze going, man?
But. Where?
Oh my God. There's an epic game.
Watch an epic game on Zai. Everyone's talking about $10
million grants, $400 million this, $200 million that.
What the fuck are these grants? Because you know, brother,
what's that, brother? What the hell?
Anyways? Is that it for the R?
Probably. Do you have anything else?
Yeah, a couple others. So in the game, so 8 chain is
coming to RB verse soon. So I think that that's a huge
one on a lot of people's radars. And then our Uprising L2 will be
powered by our by orbit in partnership with the Oasis
games. And that's touted as the world's
first native yield gaming blockchain.
And they actually shared Arms Fest block time, low summit fees
and, you know, and interoperability as key drivers
behind that decision. So three big pieces of gaming
news. They're they're they're cooking
every week. We've got more updates.
Every week you have a stacked update, let me tell you that.
So you absolutely love to.