Yo-yo, yo what up, what up? Good morning.
Good morning GMG Tuesday May 13th, 2025.
Look at that another beautiful day to have a beautiful day.
I got my Co host in the house breaking news Tyler this
morning. Tyler good morning.
How are you doing? I'm doing great.
And man, folks, just off the presses, crypto punks have been
the IP has been acquired. Crazy.
The Node Foundation, the Infinite Node Foundation, and
Matt and John are coming back as advisors.
I'm going to change the title of the space to to bait people.
This is huge. Crypto punks, hold on.
So you're saying because you were talking about this.
So that's what we kind of like rush to start the show here.
So let's just bring this up. We'll get into the whole thing
after blah blah blah market report da da da well connect.
Love you guys. Crypto punks.
I just went on there. OK, so crypto punks NF TS
account. We're excited to announce crypto
punks have found a permanent home in the infinite Note
Foundation. Note Foundation is a nonprofit
committed to the preservation expansion of digital art.
Larva Labs founders and artists Matt Hall and John Watkinson are
returning to join in the guiding role for the Future of Punks,
alongside Advisory Board members Gordon Gunner and Snowfro.
Huge. What an Advisory Board that is?
I mean, I feel like. I like that.
It's like the dream team. I have to say this is great.
First and foremost, shout out to Yuga Labs for I believe making
the right call here. We did see, remember when there
was rumors and we had a market on that and Garga said yet or
find the right person. Remember you, you pointed out
that little sentencing, they didn't say no, they said the
right person and no foundation. Didn't they just open the $25
million fund or something announced the $25 million fund
for art etcetera. I don't know if it was them.
I may I may have missed that. I think it was them anyways.
I could be wrong here, but I believe it was something around
the notes foundation and they they started the whole thing.
I, I think I forgot who talked about this or maybe I'm wrong.
But point being Matt and John are back.
They're on the board. The IP can't be fucked with
because it's now been given into a nonprofit, which I love and
snow frozen and we all know that snow fro the goat and one of the
kindest and biggest goats in the history of digital art.
So this is massive news here with the IP.
So it appears it's just the IP by the way.
So that probably means Yuga Labs keeps their 400 something punks
that they acquired during the last deal.
Thoughts. Tyler, what's your what's your
first thoughts here? Well, a little bit more on the
announcement. So they've got a nice model of
stewardship here. If you read the announcement,
they're they're talking about preservation.
So ensuring that the technological integrity and
longevity communities, they're going to be focused on fostering
an engaged ecosystem and then expansion.
So creating new context where punks can be studied.
So I think that's a big one as well, right?
I think there there's always this chatter of like punks
holders. They want a founder who is just
going to leave it alone. Like we saw that refrain like
stats, a good friend, always push back on that.
Like, is that what you really want?
Like I think there is an angle of you want an owner group who
is still going to to get punks out there.
Like like get them in museums, like do more than nothing.
And I'm not saying do new mints for punk holders.
Like we saw how that went, right?
Right, which was arguably the the biggest mistake during the,
the, the Yuga ownership era. But I think you want them doing
something like you want them helping to, to run a community.
I think you want them to, to keep pushing the, the brand out
there into the world. So I, I, I love this stewardship
model and, and I think this is so there was rumors of an
announcement. I, I didn't have any inside info
on this one at all. And I was always, I was
wondering what could it be like, what's the best case outcome?
I mean, this feels pretty close to like a best case outcome
here. Like if you're a punk solver.
I have a hard time thinking of a better case given the people
involved here. What do you, you know, this I,
I, I can't think of a better case.
Actually, the only case is like, hey, like what happens to 440
Punk sold by Yuga, which are arguably probably the one of the
strongest assets on their balance sheet at the moment.
From the company's perspective, it's pretty crazy when you think
about the utilizes 400 something plus on the balance sheet,
right? So like, or how are they going
to sell them this? Another thing is I trust Gordon
Gunner. I actually be like the Gordon's
on the board of this foundation because first and foremost, I do
want to give you guys some credit because they ate a lot of
shit. I'm in the punks chat.
You are too in Telegram, which is like 800 punk members, very
active, very opinionated, rightfully so, by the way, I I
say that in a good way. And and they've eaten some shit
like not only to Natalie Stone, who's been a great steward.
The punks in my opinions, eaten a lot of shit from punks.
I got the interview. I've got to interview Matt,
remember in, in in Miami alongside Natalie and I think
that they had a great synergy. Actually asked Matt, you know,
like how you liking this? Like are they good with you,
etcetera. And he really liked it.
So you could see something was kind of brewing.
I have to say I think this is the best outcome.
So shout out to you labs for picking the right person and
shout out to this person for acquiring it and not necessarily
trying to like monetize it like that, you know, I mean, like it
could have gone. They can do whatever they want.
It seems like they're doing the right choice.
Totally. I want to give a shout out to
you, Collapse. I actually think, I think I I
get in a pretty good grade during their tenure.
I'd probably give them AB, maybe AB Plus I think they did a lot
of positive things. I mean, they got us to the ICA
Miami, they did the most the Josh, Josh Pompidou.
So Josh Pompidou is an icon in the art industry.
It's like the the top right Tier 0 exchange type thing, right?
So they've, they've done the good job, you know.
Given how much shit like as you mentioned that they got, you
know, during the takeover and then of course the Nina Chanel
meant was. That was a slip, whatever, you
know. Yeah.
I, I think when, when we look back on this era, 10 years in
the future, I think that's a small blip on the radar.
They sold me bits to the right person too, like the most
obsessed person with me bits. Sometimes I feel like Sergito
likes me bits more than I love my fiance and actually was just
texting me 5 seconds ago about me bits and and and now they've
now sold this to the right person.
Yeah, it says it here is together as dirty notice
assemble and Advisory Board made-up a visionary voice in
digital art in history of punks Matt and Hall, John Matt Hall
and John Watkinson Larva Labs Wiley Arno, which is Gordon
Connor Yuga Labs Eric Calderon on our blocks are on boxing,
which is Nofro. In addition, we are happy to
share that we will be enlisting during this transactional Nali
Stone to continue her tour. OK, so she's going to come as an
advisor to know this is good. That's.
Great. Very happy for her.
This is good news. Here you go.
See there it is. ICA Miami.
LACMA Songs. Pompidou, ZKM.
Toledo Museum of Art This is a great outcome.
Oh, and they're launching a major exhibition of the full 10K
collection to debut in Notes Permanent Hub and Space in Palo
Alto. Wow.
Silicon Valley. Silicon Valley.
I mean, that's the right place for the punks.
Wow. Love that.
I, I don't believe, I don't believe someone's saying you got
paid millions to release the IP rights and then hand the legacy
over to nonprofit. I, I don't believe they handed
it over. I believe this was an
acquisition of the IP, by the way.
So like Yuga Lap said, hey, here's the IP, you know, I
believe they sold it And, and I think it's a smart thing.
Wow, very cool. I'd love to have the note
foundation on the show that. Would be incredible.
I think Benny might know them. So we'll that would be nice.
We would love to see if we can get them.
So let's see, should we go? I mean, I hate to do that, but
should we see how the market's reacting to it?
That was my first thing. No sales yet, I mean.
There was some sales, you know, over the last few days, rumors
floating around. The punk Bitcoin race was good,
brother. Wait, is it?
Did it just jump to 47.9? Wait, maybe some sales?
It didn't, it just, it's coming in right now.
I think it's just hitting, let's see, here you go, recent two
sales just now it's 47854. Sorry, offer NO1234 sales here.
Suite floor suite. Wow, oh man.
Casual Casual Half $1,000,000 floor suite you know.
We're we're, we're dominating that that that punk Bitcoin
spread right now maybe. We're making Bitcoin a bitch,
come on. I wish Amanda was here to hear
this. Look at this floor.
This is the thinnest I can remember saying it, and I've
been watching it fairly closely because I.
Was I watch it every day. But I mean it's thin to 5550
and. Now this one is so nice.
I was looking at that one today actually.
I know The thing is like, do I want another punk or do I want a
Nautilus? And I'm just like, so torn, you
know? That's a 5712 right there.
Two Nautilus is here soon. I'm not going to lie, brother,
like put that way, you know what I mean?
Like, yeah, the punk protect Philippe ratio.
You probably bet up with the punk as well, you know at.
Least in the near future. I mean, I think people who
bought them at 80 KA week ago, they're feeling real good.
Hear me out Floor punk to buy a punk floor, use the collateral
to buy a Patak all. Right now we're talking.
Now we're talking. You can get a 60% loan right so.
And I can also get a loan on the paddock on like those.
Fucking should I like do some fuckery here?
What? What are we doing?
Why are we all doing? This like should I just do some
fuckery? With the Patak baby.
I would solve it as fuck. Like I can afford paying up the
the the thing, you know, whatever the thing, like a
monthly, whatever fee it is. Like I yo Gandhi, hit me up.
I think we just stumbled onto something.
Who's? Gandhi, I got a partnership
opportunity for you right here this.
Is awesome. What if like, you know, anyways,
today was the show. Well, look, we'll talk about
markets. We'll talk.
We have to start with that, lads.
You know, it's a it's arguably the biggest news of the day,
though. We're getting like some Chinese
news flowing in right now as well, Tyler nonstop as well.
And it's good just now feel like we just have to go right into
that. Where is it?
I just saw Walter Bloomberg like spam my my minor vacations.
Wow. OK, hold on.
Trump announces $600 billion sound investment commitment,
followed by China's tariff cut on US goods to take effect May
12th. That's yesterday.
China Finance Ministry to reduce the 34% tariff rates on US goods
to 10%. China Finance Ministry to pause
the 24% tariff rate on US goods for 90 days.
Holy shit. And China to cancel additional
tariff imposing US products until 2 later rounds of
measures. Yes, they moved quick.
So basically the the trade deal is now being executed.
Executed as of yesterday. So they they, they meant
executive effect yesterday. Yeah.
Wow. So it's good.
I think there is a little bit of, I mean we, we do need to
caveat like so like in ECOM who gets, he runs AE bike shop and
he gets his parts from China. So now I mean it's, it is a 30%
tariff. So his his parts are 30% more
expensive than they were before. Liberation.
But they are not 145% tariffs. So now I guess he's at least in
the position where he can start to make plans like does he want
to buy these parts at a 30% premium?
He can start to think about what that means for his pricing.
Yeah, at least he can start to move forward, right, versus like
we were in this four week period where you couldn't even make
decisions. Tough.
Yeah, for the most part. So I think there's some clarity.
Of course, there's still a big unknown what happens.
Of course. But progress.
Progress nonetheless looks like looks like the you know, looks
like the the looks like that was a bullish Geneva meeting over
the weekend. Looks like looks like they had a
looks like they had a good time anyway, So look at this stage,
we already started the show. You know, I just want to give a
quick shout out to our partners over at wallet connect.
I do I do have to say that because I didn't do the ad read
the Bing of the show. So we'll do markets.
We'll we'll go over Tyler's top 100 and we'll do a giveaway.
So make sure you sign up raffle bought the XYZI don't know the
code yet? Nevermind is punks P1 KS for a
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next. Tyler Let's let's take it top
down and see what news you got for us today who analysis Tyler
T on FOMO our cause the kids can.
Yeah, crypto majors have been on a bit of a roller coaster here
over the last day. Looking slightly red, Bitcoin
103200 ETH outperforming just a tad at 2540.
We had Goldman Sachs, they reduced their US recession odds
to just 35% after $2.2 trillion was added to the stock market on
Monday. And it looks like that NASDAQ up
another 1 1/2 points here today. So we might be in for another
Green Day. House Republicans, they
introduced that Trump draft tax bill which featured several
major changes, but no mention of crypto at at least yet.
So, so no tax cuts on those capital gains folks.
Coinbase added to the S&P 500 index is going to go live next
week. It replaces Discover as a bit of
a sign of the times and that Coinbase stock up 16% to that.
So the market likes that quite a bit.
In other news, American Bitcoin, a subsidiary of Hut 8, which is
backed by Eric Trump, they announced plans to go public via
merger with Gryphon Digital Mining and to become a Bitcoin
acquisition company, build strategic reserves.
So the Trump's are going deeper into crypto and another company
now added to the list who is acquiring Bitcoin.
We also had this GD Culture Group.
They announced plans to sell up to $300 million in stock to buy
Bitcoin and Trump coin, despite warnings from the NASDAQ that
they are already set to be delisted.
And they're just a $30 million company.
So we're seeing more and more of this.
We had the SEC chair, Paul Atkins say his priority is to
develop rational regulatory framework for crypto.
So some positive rhetoric there. And then New York City Mayor
Eric Adams invited crypto companies to establish
themselves in New York City, says he wants to be the global
crypto hub. So strong words from the New
York City mayor. Let's see in token AirDrop and
protocol news, salon DEX volume hit a nine week high this past
week, 35.6 billion. And somewhat of the sign of
animal spirits returning pump fun.
We shared it on yesterday's show.
They announced creator revenue sharing 50% of pump swap revenue
going to creators. Ethereum developers are already
preparing for that next FUSACA upgrade aims to reduce cost for
layer 2 solutions and validators paradigm.
This was an interesting 1A paradigm researcher introduced
the concept of multiverse findings.
So interesting. Allowing users to make trades
based on future potential outcomes using prediction,
marking bet tokens as collateral.
So we may have to dig into that and then Coindesk or new
prediction markets along with myriad ahead of consensus 252025
S Go check those out. I'm sure we'll pull those up.
ABS trap champion. They launched their full EBM
compatibility yesterday. Blast is ending a service
agreement with safe as they integrate their own native multi
sig. And then in memes.
The AIAI board was totally down. Virtuals is getting added to
Kaido today. So that's a big one.
So expect a lot more virtuals yapping on your timeline.
Memes were red with this launch coin.
It was the story of the day. Tyler, we didn't call that one.
You didn't send us that one. I apologize.
You're good. You sent this house coin at like
5 mil did. It's up to it's up to 150
million, but the launch coin, the believe app ecosystem now
over 300 million set your tokens up 7 to 10X on the day.
So this is the talk of the town Internet capital markets are
back, I see. No.
Ted, can we so I'm assuming you have that's the end of your your
stick, because I want to start there.
If you're if you're so let's start there because I kind of
want people to like I, I, I'm obviously sidelined, yes, but
also busy. So I I missed that completely.
I wish I didn't. In retrospect, seems like a lot
of people got it, but so look at the chart.
So holy shit, like this launch in Jan went to 80 mil, went this
actually to 0 like literally 0 sideways until now and just went
from April 20th from 1 mil to 160, so 160X in a few days.
What is launch coin? Let's take it from the top.
I heard this Pasternak thing now Nikki Tabir let's take it from
the top. What is this whole thing?
Yeah, so, so Ben Pasternak previously launched the Cloud
app and that's where you saw that initial token spike and he
launched a Pastor Matt coin on clout.
Clout didn't really make it, didn't really see a whole lot of
product market fit. So he quickly pivoted to to this
Believe app, which allows founders to list projects by
posting on X and giving a a ticker.
And then they effectively have launched their token on the
believe. That bonding curve, if it hits
100K graduates, it goes to Meteora where creators and the
Believe team will split 2% fees. I believe team, they have a full
playbook for creators talking about kind of best practices for
how to launch their their tokens.
I think this is a little bit more catered towards actual
products, a little bit more towards like, you know, a little
bit more of like AVC app. So these are more apps vibe
coded products like that, that type of a thing versus AI agents
is just pure shit coins. So these are not shit coins.
These are actual products, at least for the most part Ben
Pashmack, the founder Nikita Beer has is clearly tied in.
He's been talking about the project a decent amount on X.
So that's that's there. There's an actual app that you
can download on your phone and you can get access to trade the
bonding curve and and see these products.
You can also trade them on on Jupiter or what not.
I think that the thesis here is so this is Internet capital
markets 2.0. This is the idea that we had
back with Jelly Jelly it's, it's not exactly equity.
So they're very clear you are not getting equity if you buy
these tokens. So I think there's a little bit
of a debate discussion over exactly why a founder would
launch a token, you know, versus going the traditional equity
route. You could do both.
And they outline that in in their FAQs and their playbook.
So I should just go ahead and launch Myriad on it on believe?
If you're buying the token, you are not getting equity.
You need to. You need to understand that.
And and put so this reminds me, we thought that in NFTS 2021.
So like maybe be careful. OK, been there, done that.
Well, it it's a launchpad for for products.
OK, got it. It it there are a lot of
parallels to virtual and like the I think a part of the the
bull thesis here is everyone's been wondering what's the next
meta? What's the next meta?
Is it going to be AI 2 point O? This is a crazy meta.
This is the AI 2 point O meta with the layer on top of it
because it looks like it's real products being built and it's
just fucking slop. Exactly I'm.
Assuming that doesn't mean it's, I'm right, I'm assuming.
Now you have to evaluate each of these projects and tokens.
Like correct? Like is there merit in this,
right. So one of the projects dupe, I
think that that's the furniture store where you can you can look
and find like the the true value of your furniture.
There's one Alex Finn launch creator buddy it it was one of.
The no way. NFT God.
It's up to 20 million and then this noodle token is the hottest
launch from last night. So I saw the game.
The riz GPT founder so I didn't I didn't really know the riz GPT
lore. So this guy built he vibe coded
and an app to provide AI replies for dating apps.
And I think it was one of the first vibe coded apps to to
really go viral and one of the. This is fascinating.
Launched this noodle token and game.
It's basically the snake game but with a gambling component.
And I think part of the reason why it's been taking off 1 of
course, is just like the broader speculation and froth in the
market. But two people think this could
be one of the first apps to have a token tie in.
And what hasn't happened yet for Longs corn was another part of
the bull case. And I'm I'm I'm laying out the
bull case. I'll share some bear cases as
well. And disclosure, I do hold this.
So I am a Longs corn holder. I mean, yeah dude, I may become
a longs corn holder myself after a dip.
They don't. I like what you're saying.
They don't have the flywheel built in yet, so there are
flywheels that they can add. So like virtuals, they
denominate all those LP's in the virtual token, right?
So they got all the fees from that and then they just
introduced this this point system where you can get access
to new launches by holding the virtual token.
That's that's 2 low hanging fruit options that the launch
coin team could do to to introduce a bit of a flywheel.
I believe Patch can't tease last night this was on their radar.
So he's paying attention, but it will go through the merits of it
perhaps in a bit. But we got to talk some market
action and I'm going to send you this board.
It's just believe screener.com, it's like a deck Screener
interface just for launch coin. Total market cap of the
ecosystem now at 290 million, so knocking on 300 million.
And you can this is like virtual slash cookie phone early days
everything all over again with more potential ish I.
Mean look at the 24 hour changes.
So this is frothy folks. So I think.
If you're if you're watching this now after 160 X and you're
buying the cone, don't ask yourself why you're down in a
couple days. Yeah.
So, so tread carefully here. I think now is the time you
didn't know what this was. Dig in, do a little bit of
research. Take a look at that.
Projects download the app, see if this is for you and and then
start to evaluate. So I think part of the downside
risk here to to play out both sides is like is a noodle snake
game worth $15 million like you, you do have to start to evaluate
each of these. And are these bubble evaluations
already? And we clearly saw in the the
first AI meta that it was a bubble, right?
We saw evaluations that were absurd based on what the actual
products were. The bubble expanded, then it
burst and everything went down 80 to 90%.
So I think that is a very possible outcome here as well
that we see some of these products trade evaluations that
are above what they normally would in a more like traditional
world. Like I, I think one of these
apps has like 300 K in revenue trading at 20 million.
So, so perhaps that's that's too high of multiple, right.
But in the token game, people don't look at it that way.
So that's, that's just a reality of the game.
It's interesting. No, but also like, you know, I
thought Nikita say like web two guys can do crypto, which is
funny, but the thing about web two guys is they are good at
making things clean, like virtuals, like you can't even
read the fucking platform. Shout out to virtuals, though.
But remember, like had the font and the and you look at this and
like, Oh my God, like my eyes. I mean, I'm a big brand guy.
So like for me, like it's always a nice thing.
So it's like they're making it more social.
You know, this is all in Ethereum.
Like where? Where does this live?
Oh, it's all in Solana, so Internet.
Oh, sorry, it's on Solana. What am I saying?
Because Nikita, I'm sorry. This well, you see this like so
that's the point I was making a few days ago right about Ethan
Soule like Ethan is going to do well and trying to think it may
run back to like 4K here, but this is all happening on Solana
still. It is another bull case for
Solana. See this?
I love this new launch and it keeps telling you a new launch.
It pops up. There's a few of them that
popped up since there you go. See bottom right.
I think that's a bull and bear case here.
So the believe app and then like launch, launch coin is like the
the token of the app. I love this UI.
Of all these creative fees, there's been 4000 coins launched
now have 4000 good products launched on this app.
No, right. So, so you can't, I'm not saying
just go blindly ape every one of these new launches.
And what's also notable is in that playbook and I, I sent you
the playbook that passion neck and team put together for, for
new launchers. They, they, they, they told
people how to launch. They're like, you should do this
at 8:00 PM Eastern on any weekday except Friday.
You should come out likely with a video that performs better.
I saw the videos, yeah. Post Your holders are going to
expect you to post 3 times a day.
I just thought that was interesting.
But this is interesting. They're teaching you how to do
the fucking thing. Well, you mentioned like this is
the Silicon Valley, like they're telling you how to do it.
And like these are like the good apps are a little bit more
clean, right? So like there's a little bit
more shine to all this. Yeah, this is great.
I like this. On the token history, just real
quick, so people, so originally this launch coin was the ticker
Pastermac. So it was his clout coin.
So that's why it it pumped initially and then it went to
zero it. Rebranded.
That first in the rebrand it pumped to 20 million, then fell
back to 5 million, which was so strange because I was actually
in that trade at that time. One of the the Launch Coin
tokens dupe what had a higher market cap than than Launch coin
did, which didn't make any sense.
Yeah, yeah. I mean I would I would wait for
dips here like to see if it keeps building which you will
like I I'm a buyer like sub 100 probably.
It's it's hard to buy that 4 hour candle like let's just.
Well, yeah, I mean, I'm good, you know?
I mean, it's just. That 700%.
From the trading perspective, you know, I mean, when you have
when you can sell into a volume like this after 100 X, you take
that. This is this is interesting
though, if this is going to be the next generation of this
second leg of this bull cycle. I mean, you know.
Yeah, from Trading Lens. I'll share my I, I didn't sell
any. I've got a decent bag.
But why right? Like it's 150 mil I know, but
like you know, why not sell like 25%?
What's your thought? I think it would be fine to sell
25% and I wouldn't. I wouldn't knock anyone who did
that. I just when I have more of my
like conviction bet plays, I don't swing trade them.
I like to just hold. And I think you just have to
have a mindset of am I going to try to swing trade this?
Am I going to sell pumps and then look to try to re add on
dips? Or am I just going to chip away
at the bag? And I I do think there's a
scenario where this can become can go on like a virtuals like
run. It's it's low odds.
Of course it's it's a, it's a bet to trade, but I think there
is a world where it does that. Damn.
We'll see. Damn, that is but.
Also the other aspect of this is like.
I like it. Or are we just going to do shit
coins again? Like, yeah, we.
Are. Yeah, we are.
Like, yeah, as much as the next guy, right?
But it's also nice to have something else.
But like you said, is a noodle game, a snake game worth 50 mil?
No, right. So we're going to do snake coins
packaged as like projects that are like like, you know what I
mean? Like we're going to do the yes,
Tyler, we're going to do the same thing we did in the form of
NFTS, right? Like if you look at let's say
the value and I'm not picking on them, but I'm just using an
example because I was like tied to it like cool cats at 15 ETH
at $45,000 a cat over the entire valuation of 10,000 cats, let's
say, what's the valuation of that company?
That company, sorry, of the NFT thing.
It's like hundreds of millions. Was it worth 100 million?
No, it was not right. So it's same thing for a lot of
projects like even let's say like Conex at 25 E or even I
love Uzuki, but Uzuki at 35 E if you 2 * 10,000.
So a lot of these collections right.
So if you look up moon birds, best example as a matter of
fact, so we're just going to do it again.
It's packaged differently as a coin and it looks like we're
running the same playbook as the and first leg of the of the bull
was this last leg, right, which was in our capital markets.
Jelly jellies of this world fucking, you know, all the meme
coins. Then came virtuals in the AI.
So this is like the AI boom right over again.
So it's like, oh, we're launching products that are
going to build AI agent built by AI agents.
But they turned out it was mostly slop and we only realized
we, I mean, we called it out, but people realized it was slop
only once the market went down like 0 bro, it was down 95%.
Then they need 0 because first name that comes to mind.
But same thing for all of them, GOAT Griffin arc, all of them,
right? And now we're we're we're just
running it back. And this is This is why I'm sure
that we're in the second leg of the same cycle, right, Tyler?
It's just very, you know, I know people don't believe in in, in,
in cycles. A lot of people seem to not
believe, but I it's just we're playing it all for again, it's
the same thing. I think we're, we're, we're
seeing some validation on the, the Golden Bulls cycle thesis,
which that thesis is not that we just go like straight to
1,000,000 by any means. It's that we have smaller cycles
on the way of a larger longer term full cycle.
And we just saw in the run from the Trump pump from 60K to 108K,
we saw a new mini cycle in, in AI and, and everything crashed
with a three month bear market. And now it looks like we are
gearing up for the next leg up. And I think each leg up is going
to have its own metas. And that's how this has been
playing out, right? Like it's hard to say like past
performance is going to be an indicator of of the future, but
it's kind of how it's been and it is good to get in like the
the IT thing early. And maybe we're not like this
thing goes already at 300 million, right?
And it's up a ton overnight. So tread carefully.
But I think it's exciting to have something new.
I mean, it's an exciting meta. Let's get past your neck on the
show. This is cool.
Overall, there's you know what would you rather have no
activity and fucking boring things or something coming up
that could potentially give people something to play with,
right? And you need people to make
money like we need these coins to go up.
We need these pumps. We need these hundred X's.
We need this thousand X's, right?
The daily runner. Tyler's back to tweeting about
daily runners, bro. You know we need that though,
Tyler right, Like we need people to make money in this market.
Like it's so good right now that all these old meme coins went
up, Tyler, because all the back holders, even if they're down,
they're down much less or some of them double down at the
bottom at the lows, right? So so they they've somewhat
recuperated, right? So this is good.
This is really good. And I believe that people should
be happy about it. But you guys know me, I'm always
positive I'm permeable. So yeah, it is rebranded mean
coins, Brian saying under our show saying all the tokens don't
come with equity. So yeah, it's just rebranded
mean coins. Nothing wrong with it, but the
only tie to the actual companies, they become the KOL.
You're absolutely right, Brian. Yeah, that's fair, 100% fair.
People need to know this. You can't just tell, by the way,
equity with a token, even though it's Trump's America, just
reminder, there are still some laws in place, right?
You can't just scream Trump's America like a Yolo and commit
securities fraud, right? So please, if you're thinking
about getting involved, maybe keep that in mind as well,
because the SEC is still active and but it just looks like
they're active in a better way, right?
So, yeah, it looks like Jesse was just early.
Anyways, Tyler, what else do you have for us?
It looks like it's a it's a good day.
You know it's a good day. Yeah, it's a good day that and
that was the big one. Do we want to go into some of
these prediction market? Yeah, dude.
So shout out to coin this. Man, that was cool.
But first, let's go to the Paradigm article, because that
was fascinating. Yeah.
So Dave White is a researcher at Paradigm.
He introduced this concept of multiverse finance.
It allows users to make trades based on future potential
outcomes. So basically you make a
prediction market bet. So in in his example, if you
think that if Trump fires Jerome Powell, that is going to be bad
for crypto. So if you bet yes on Jerome
Powell getting fired, you had these yes bet tokens, but that
bet that market may not play out until the end of the year.
So you just kind of have your capital sitting.
There's not much you can do. And this idea is you can use
those tokens. Let's say you bet $1000.
You can use those $1000 in tokens as collateral to borrow
ETH or or USD and effectively make a a synthetic long or short
on a crypto token like ETH. So you can have this kind of
parlayed bet that if Trump fires your own pal, you want to be
short ETH. And in theory it would work
because if you lose the bet, you would lose your, your, your,
your second synthetic tokens. So there's no extra risk there.
And then you effectively would have been able to put your
capital to work while it was locked in this prediction
market. But so I think there's some
kinks to work that to work out. That's the general idea.
But it is fascinating. And I really as a prediction
market user, one of the reasons why I closed a lot of my
election bets in 2024 was that I wanted, I didn't want my capital
tied up. Well, that's why we do flash
markets in myriad people do not want to tie up money.
They don't, rightfully so, by the way, I don't, I don't think
you do as well. Because I mean, in most markets
that you're really going to put any significant capital into
you're, you're, you're, you're looking at maybe a 2X, maybe a
3X on like a real long shot that you've got conviction in.
It's not worth it. Whereas you know, elsewhere, but
it's an interesting idea and I think we we talked about this a
little bit. It's just it highlights the the
programmability of crypto in the blockchain, right where you can
have these building blocks and then you can unlock new use
cases on top of that. So I think there's there's
something here and prediction markets really make it and
become, you know, core products. Yep, in crypto, which I think
the real possibility they will. They are remember the the
Paradigm paper saying that the four that the top 10 things that
retail's most interested about after stable coins RW as and one
more. The number 4 category that has
the biggest interest from from Tratfi is prediction markets.
Literally after stable coins RW as and like I forgot, I think it
was D5. The number 4 after the biggest
three things right, is prediction markets.
And now you saw Mikey Polito, the Co founder of blocworks.
I'm pretty sure you've seen this because I think you've shared or
whatever I did. It is I'm talking to them now.
I've been talking to Yano for a minute now, Co founder of
bloggers as well. Like they are interesting in
prediction markets because they just realized not just they've
known for a while by the way, they're geniuses.
They're very smart guys. And I I'm a huge fan of blog
works that media and prediction markets make sense.
We've realized that a while ago, 14 months ago.
That's why we built myriad, you know, and now you have coined as
doing prediction markets with us as a partnership, which we're
going to launch so many more with them because we really like
them. But you know, point being like
prediction markets make sense, Tyler.
And This is why I love crypto, right?
I love the meme coin thing. Obviously.
I love my fart coin and all the launch coin stuff you're talking
about and stuff. But like, this is something that
is only possible because of crypto.
It's incredible. It's blockchain tech is
fascinating. Like when I read this paper with
Tyler and I knew you were fascinated too.
Like I, I, I should maybe to my I, maybe I'm calling like this
is me doxing myself as a pleb that doesn't read enough.
But I don't really read the papers usually.
I read the thread, I listen to the show, I listen to you.
I do my research, I talk about it and for myself, but I read
the paper because it's not that long.
It's incredible. I actually sent it to my team
like I said to our C P0C 0C0 and told everyone said read this
paper like it's so good, you know, so so that was great talk
to Paradigm for that one. Even Kobe shared it and was like
this makes me want to write papers for Paradigm.
Tobe's going to be on the Paradigm staff.
Him and Zackix, BT they're building, they're building the
fucking, you know, they're building the fucking adventures
of your paradigm. Hit my line, bro, hit my line
paradigm. I've got a great prediction
market for you. Can be early to.
Anyway, Speaking of prediction markets, Coin Desk, I'm headed
to Toronto right after the show. Actually, I should probably pack
my bags. You know, we are launching
prediction markets again with our friends over at Coin Desk.
We did this for the Canadian market.
We shared the volume, the revenue, all that good stuff.
And this time again, we're launching 4 markets with
Coindesk. My good friend Samuel and
reached out to me as I'm speaking on the 15th in two
days. And guess who's my moderator,
the Queen herself, Eleanor Tourette.
Let's go. So if you're coin that's
consensus in Toronto, come say what up.
We're also throwing an event. I'll share it later today.
But point being, you know, we're launching 4 markets with with in
partnership with consensus and coin Desk.
So 1 proof of Drake. Will Drizzy show up in person at
consensus 2025? Will Bitcoin in 110 at anytime
during consensus? I'm not going to lie, that's a
crazy line. I think we were very generous
there. Will Eric Trump, because they're
coming with the World Liberty Fight team to talk?
Will Eric Trump mentioned President Trump more than three
times while on stage at Consensus and four will Keith
Grossman President Moon pay tweet with more than 20
exclamation points across all posts during Consensus 2025?
Keith is known to love his exclamation points by the way,
so shout out to the Consensus team.
They made this really cool video.
What do you got? I love how you can just predict
directly on X. Isn't this incredible tech?
It posted all the markets. I'm probably no one Drake,
what's the Bitcoin market at? I got to sign in, but the
Bitcoin market, let me just go directly on Marriott.
There you go. Where's our consensus market?
There they are. There they are.
Flush markets, boom. All right, so oh wow, we
launched a bunch of new markets. Will Trump attend in person?
Up top. Where I'm so bad at this.
OK, there you go. Bitcoin, I like that.
So I don't know I got I feel like we're going to make a it's
charged all time high soon and I know this is very soon because
because this ends well on Friday.
So this is tight. I don't like it at even money by
any means. 5 to 1 and like even like a quick candle up and then
we just go back into. The IT just has to hit it.
Yeah, I don't know. I like it.
I've got the the the bull vibes flowing.
OK. OK.
I like when you're feeling bullish.
Eric Trump is slam, yes, but the odds are a little they're they
already got that up. I would take the yes here, but
he could only just say twice as well.
Yeah. Here's the thing.
You have to evaluate all these markets based on what the
current odds are. So like now, like no, that 15%
is interesting. Well, you and I are gamblers.
What about Keith Grossman? I feel like now that he's seen
the market, I saw him share on his Instagram and on his
timeline always. He's a good friend and advisor
to our company. By the way.
This is why it's the points market.
You know, it's on a dollar market, so you know there's a
reason for that. But I think he's going to fuck
with people, you know? Yeah, now that he's in on it, I
think that that changes the calculus a little bit.
That's why it's a 5050. Well, on nearly 5050.
Yeah. Oh yes.
Why? Not I still take the over
because Keith is obsessed with the exclamation points like he
may slip and like put 20 in one tweet, you know what I mean?
And then the last market we got is Drake proof of Drake.
Well Drake let's see market resolution.
The outcome will be determined after the market or sooner to
meet the Drake physically appears in person or venues or
events. Oh good to know or events.
So if the guy pulls up to 1 event to yes, video appearance,
live or pre-order holograms or any other form of virtual remote
press will not qualify. Good to know representatives
will not qualify. So he has to come to a side
event? That's yeah.
Sounds like a no but it's 11%. Tyler.
Are we gambling? I don't think he's going to
come, but I like. It so either.
Man, remember the Elon bet that that was still one of my
favorite all time bets was from? When you were following the
plane. The jet tracker we're I need to
get eyes on well, I guess but but Drake lives in Toronto right
so we. There's no well, he's a resident
of Texas. He moved to Texas for for
obvious reasons. All right.
He is a resident of Texas now. So I wonder if we should follow
Air Drake. This one's a dollar market, by
the way. It's a real money market, the
Bitcoin one. Oh, OK.
Yeah, we made the Bitcoin a real money market because the rest
can be played with. So we don't want you know, any
problems on our end as resolution is so centralized.
But you know for this one that'll be interesting.
I mean, Bitcoin is selling off here, Tyler on the a little bit
so. Just like M2 astrology chart
told us it was. Where are we on the M2 chart
right now? We just had our massive leg up
and it looks like there's a pullback coming.
Is it this? There it is.
Someone posted it this morning. Yeah.
May 12th, yesterday night, calling crypto.
Let's go to Colin. You should follow him, you know,
if that's. Yeah.
He this is all he does. He just he updates his M2
Bitcoin charts. We're missing it from yesterday.
Colin. Colin, wake up, dude.
Colin, what the fuck you doing? So where are we in this M2?
We're here. Yeah, we're basically right into
this pullback and it's a small one.
Here Well, not really actually we didn't really hit one O 6 one
O 7 right. This is like one O 7 here.
So we we topped at one O 4 this time right.
So it just, oh, is it Pico? Top right, I'm saying.
Yeah. When do you think this is?
Going to how, how quick is this dip going to play out?
Basically is the bet, or of course there's a bet if you even
follow this astrology, but it's been pretty when's the next
full? Moon today.
No, it's coming. Have you been looking up?
I have not been because I live in an.
Apartment that doesn't allow me to see the moon make 20.
Wait, what was yesterday? Yes, there was a full moon.
Flower, Moon and the 27th. Is the.
New moon. Oh.
Wait, hold on. Yesterday the full moon brought
us from China. USA relief.
Oh, this is. You know this.
Is like. What's going to happen?
I don't know. All right, just before we go to
the last couple of topics here, raffle ball dot XYZ, the code is
punks, PUNKS, punks is the code today in honor of the punks IP
being sold into the Note Foundation got the news earlier
today, Gordon wrote a nice little heartfelt post as well.
Shot the Gordon so much wrote bring back Marin yes Sir bring
back Marin for sure so punks is the code if you want to make
some money Tyler was there anything else while we give
people a last chance to enter their codes into the raft of odd
yeah I mean not a whole. Lot like the Trump family going
deeper into crypto and this more company, I mean, it's just
another one, right? It's more ammo for the left that
to continue to kind of draw out these votes and or, and, or vote
against some of these crypto bills.
So not sure that's the most positive news that that was the
most it was it was one of those days where it was very busy.
There's a lot of macro news. We talked about the pump fun
news on the show yesterday live when it was breaking.
There's been a whole lot of this Let's bonk the let's bonk coins
versus let's bonk the flaunch. Because people are.
Claiming that the. Claim that they're the biggest
creative reward is false etcetera, etcetera, etcetera.
So there's there's a lot of beef on the timeline between the
different like radium, radium and pump fun are going like
radium is well rightfully so they should be aggressive in the
marketing. So they're really going for it
right like calling it out etcetera.
But game is game right you got to compete.
I still stand by my ground. I do not think there will be a
second best in this war between pump fun and the other, you know
the other platform, but but I think that this will do well
anyways. So look if you're in Toronto,
consensus is is around the corner.
I'll be there tomorrow. We have some fresh markets that
are that are that are launched. I believe this is effectively
the biggest conference ever in Canada, by the way, because
they're. Think about it like consensus.
Move from Austin to Canada, we don't have conferences here.
We have like this Toronto East Toronto back then, which wasn't
was big, but not that big in terms of like culture plus NFT,
not if it's crypto plus this and that.
Like you have the Trump family lady flying in, right.
So this is going to be really, really big.
Like I last minute got invited to a ton of events.
Like I'm going to like a Cantor Fitzgerald side event going to
yeah, sick. Got the invite last night going
to like Dapper Labs. We have ours that we rented a
whole brewery. There's a few hundred place
rooms left. Wait, there's a lot of stuff
going on. So it's going to be really,
really big conference. So if you're out and about, let
me know. Well, don't let me know, just
show up and you'll see me there speaking. 11:15 AM on the 15th
with End or Terror. It's on stage.
Can't wait for that.