Yo-yo, yo, what up? What up?
Good morning. Good morning.
GFG Wednesday, April 23rd, 2025. Look at that another beautiful
day to have a beautiful day. I got my colors in the house.
Tyler, Tyler. Tyler, good morning.
How you doing today? Fantastic.
Waking up to a lot of green candles on the board, something
we're seeing some numbers. They're at three month highs and
couple weeks ago felt like it was so over.
Today feels like we're so back. Yeah, that's how it feels to me
at least. You had a, you had a, what's it
called? The fear and greed index, Like
72 or some shit up from 10 a few weeks ago.
So definitely a feeling of a a sentiment of we're so back
across the board today, a little little pullback this morning,
you know bitcoins down to a mere 93.2 K yeah, but but we
absolutely love to see don't get shaken out.
Y'all don't get shaken out. You know, we're we're probably
going to get a little bit of you know, volatility here, but we're
looking good. We're looking good and I'm sure
we'll talk about all the amazing headlines that have been coming
through here. So we'll talk markets.
I don't think we'll have man to say, but we'll still go through
the market. We'll talk Tyler's topics that
we'll we'll pick a few topics and and have some conversations.
Looks like you guys are liking the clips and all the different
topics that we've been putting out there.
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today you tell me what's next we're.
Going to do the intro. Hold on, it's coming.
Tyler didn't on FOMO our cause the kid can't.
Bring the batch of bears, folks. Crypto majors up five to 10%.
Biggest Green Day in months. As the trade war eases, Trump
softens his tone. Dare I say, pivots?
We got some breaking news this morning.
We'll get into that here in a minute.
Odds of Trump lowering tariffs on China are soaring after some
of these recent reports. We'll get into those details.
Bitcoin up three percent, 93350. It looks like ETH up nearly 10
percent 1800 Seoul up over 150 IMX, SUI and Ena leading alts
they're up 15 to 30% on the day. We also saw meme soaring AI
token soaring even more. We'll get we'll get into those
later in the report. In macro headlines, the Bitcoin
ETS saw $912 million in inflows yesterday, smashing local highs,
their highest amount since January 17th.
That's pre inauguration. So that's the highest day of
inflows under the Trump presidency.
Cantor, this is arguably the biggest story of the day.
Cantor is reportedly nearing a deal with SoftBank, Tether and I
believe a few others to form a multi billion dollar Bitcoin
acquisition vehicle. So they are seemingly following
the sailor strategy playbook and they've got a lot of capital
behind them and SoftBank also huge, huge pockets.
So they're tight end Jan over. They bought another 88,000 Soul
on Monday. Now their holdings are up over
$37 million. They also changed their name to
D5 Development Corporation. So we'll we'll see if they
continue to develop more Solana Holdings.
The European Data Protection Board approved draft guidelines
aimed at aligning blockchain data handling with the EU's GDPR
requirements. So that's going to be 1 to
watch. Then the SEC dropped its fraud
case against Richard Hart, the founder of Hex Pulse Chain and
Pulse X in token AirDrop and protocol news.
Hyper Liquid number one in fees across chains on the day over
$2,000,000. Fancy top.
They had several new updates and changes to their game.
They've got a new clout feature rewarding broader members of
Crypto X that can all become heroes at this point.
A new four week season, a change reward structure, and more.
Myriad introduced a new badge yesterday called the Myriad
Grandmaster Badge to those who have budgeted $500 or more and
looks like breaking right before the show.
This new share to earn program is live.
So we'll get into that here later on as well.
In raise news, Analog raised $15 million through a token sale to
build interoperability tools like Firestarter for tokenizing
real world assets. And then Arch raised $13 million
in the Series A to build permissionless financial rails
for a Bitcoin denominated world. All right in AI and memes and NM
TS wrapping this up AI folks, this was the story, one of the
stories of the of the night market cap of 18% leaders up 30
to 40%. Some notable movers like 0
brought up 150%, other tokens up, AIOS up 400%, Opie, I'm up
80X. Just some crazy movement on that
board. Meme coin leaders also very
green, up 10 to 25%. Bonk was leading the way, it was
up 20%, but Brett Pingu both up 30 to 35% on the day.
Troll was a top mover on that Solana board, it was up 160%.
Pump swap actually saw its highest volume ever with one
point O $6 billion in volume yesterday.
So the pump team is cooking. ETH or NFTS were a little bit
quiet, but some of the NFT leaders are green.
Punks Up 4% at 44 with that E so up even more in USD terms.
Pudgy's up 5% at 10.2 as well. Sounds good.
I love that. There's a lot, a lot to discuss
here. I mean, we should probably start
with the Cantor news, right? It seems like that was kind of
like relevant to the market or or why don't we just go through
the market real? Quick, yeah, we can go through
some of the macro. Yeah, Let's go some of the macro
first. Yeah, let's do that.
I know we don't have Mando. We could still go through price
actually, which is actually, I mean, damn, we had $94,000
yesterday, Tyler, love to see that.
And again this morning I think we went to 94.5 briefly on the
US Open. So I want to walk through the
events of yesterday. So yesterday Scott Bessette told
a group of bankers in a closed door meeting that this war, this
trade war with China was unsustainable and that they
needed to to walk back some of these tariffs and that it would
come soon. So I think that word got out and
we saw stocks pumping into the afternoon and then around 4:00
or 5:00 PM after markets closed, got there was a, an interview
with Trump. He said he's not going to play
hardball with Z with China, that the tariffs will be lower than
145%. And then news broke he does plan
to meet with Z in May. Then now some news that came out
this morning. It looks like they're saying
likely 50% reduction in the tariffs on China, so bringing
them down from 145% to closer to 50 to 65%.
And then the Wall Street Journal reporting that Besson also
talked Trump out on firing Powell.
So that's another perhaps large negative risk factor, yo.
Remove. We just got more news on that
one minute ago. Actually, as you're talking,
White House would look at lowering tariffs on Chinese
imports pending talks to Beijing.
Any steps would be in conjunction with China talks,
not unilateral. So rumors of talks right now,
it's not done but. It's one of those things where
it's it's hard to Trump's been so volatile, it's hard to get
like really fired up that he's not just going to change his
mind again, right? But it, it does seem like the
calmer heads in the room, the best in the world saying, OK, we
like this is this is causing too much havoc.
And I think it would be real chaos if if he was to walk it
back more from here. I feel like if he says no, we're
going to go back to 145. I think that would cause a lot
of problems. So my gut view is that the, the
talks from here on will be holding these levels and or
giving more back versus more races in these tariffs.
So we'll see. I mean, I, I was shocked at, at
these odds of this deal on Polymarket.
I can send you 85%. They're saying 85% chance that a
tariff deal with China gets done by the end of May.
I would have guessed before yesterday this was like a three
to six month deal, maybe end of 2025.
Maybe they're able to pull it up sooner.
But it felt like something that would take some serious time and
maybe no side's a good bet here. I don't know.
I'm still like processing all this.
I don't know. I think they're backing down a
bit here, no like. That's a, that's a really
positive outcome. I think it's almost regardless
of what the end result is, just because of the uncertainty, it
will remove. And we haven't even seen yet
what the impact of, of the tears will be, which is 'cause, you
know, effectively pal, like, he's like, we can't make any
decisions yet. We can't make any changes yet
until we see this data. Well, if we get the final
results, then we can start to see how this actually starts to
impact the, the broader economy. So we're moving That uncertainty
is huge. May 31st is not.
It's a nice 5. Weeks away.
Yes, 5 weeks is is a lot of time, right?
Like things can be fixed in the call here brother.
I hope I and I'm not a global trade deal expert by any means.
Yeah, but. I mean, I am OK, So I'm Iranian.
So by default, us Iranians are our global trade deal experts,
geopolitical experts, historic historian experts, history
experts, you know, white BMW experts, you know, food experts.
So as a global economy expert and geopolitical expert, I think
you know, you know, here's what's going on.
Trump threatened China. China doesn't like the threats.
They're not going to operate on the threats.
They know what they have. You know, I think maybe America
overplayed their hand a little bit.
Best that they were like, whoa, whoa, whoa, whoa, whoa.
But you got to relax a little bit over here.
And now, you know, there seems like there's going to be some
sort of a conversation. But that's kind of what we
expected of Trump, right? Little shake and bake.
So we'll see. I mean July 31st probably the
better bet, but May 31st, that would be nice.
Yeah, July, I, I I could get behind July 31st.
Yeah, that's. There's no June here.
Why is there no June here? Yeah, a little, a little
strange. Right.
And I guess you must have to bet that it happens.
So it would have to be after May but before July for that to win,
or else maybe not. Yeah, I'd have to look at the
fine print, but some surprising volume as well.
Surprising that that maybe was 10X.
July. You know what though?
If you're a Dejan, you could punt April 30th.
You could punt the no side as a hitch.
And you can punt the no side of the heads, yeah. 8X8X on no
that's interesting. I think.
The Bull. The Bulls, the bull in me wants
the deal to go through so I I don't want to be on on that no
side and I'm not that much of a hedger.
Interesting. If, if we get an announcement of
either a pause on tariffs, I guess what we could get before
lower tariff news, we could get a tariff pause news which would
make more sense like pausing before deciding.
So it's like a ceasefire almost right between the two.
You don't win. I guess I think we're more
likely to have a pause on tariffs like we did with US with
Canada and Mexico originally. Like that April second thing.
Or was it more, I forget what it was like, where does crypto go
then? Like it's crazy.
But you know, we're getting those headlines right now and
it's it's working our favor, right?
Proves you that there was a lot of upside, a lot of sideline
money waiting for for this. Yeah, a couple of thoughts.
I mean, one's like it seemed like the whole crypto decoupling
narrative was a crypto was pumping despite stocks going
down and despite negative news. Maybe it was, you know, a hedge
against the dollar, it was a hedge against Trump firing
Powell. And then even with that, some of
that removed, it's still pumping.
So we're kind of we're moving up on, on the, on positive and
negative things here, which which is interesting.
And then Recommendo had a nice little tweet this morning.
He put he pulled up our beloved M2 chart, which I was a little
surprised. I love that.
I love. That too, If this plays out, I'm
just going to throw away every other chart and I'm I'm simply
just going to look at this every day and then see what we're
going to do. I mean, is that like this again?
It's. It's up every day if you go by
the M2 chart with tiny little pullbacks, like the next
pullback is what? Like I was talking to Wiz.
He's like, yeah, we may see like he's like 100%.
We see 88, maybe 50%, we see 84 and tiny bit of chance at 82.
That's everyone expecting this whole pump to 90K sideline
capital. But like, think about that 88,
OK, 84, cool. 82, yeah, sure. That'll scare a few people that
say it was a bull trap, but you know, even those dips don't seem
too scary right at this stage they're.
They're tiny. They're they're blips.
I mean, I don't think anyone's expecting us just to go like
March up 3 to 5% green every day for the next quarter, right?
We we know how this works. But like those aren't even big
draw downs. Yeah.
The other question is I got the, there's other people in the
time. I'm going to say we're just,
we're back in the range. We are right now, right?
Range. We're just going to range for
the 90 days. That's fine.
I'd rather range between 90 to 100K than between 74 and 90K.
Of course, I mean back in the range is great compared to where
we were. So I don't yeah, I don't think
it would be too upset by that. I think it'll.
I don't know this looks like here.
This looks like the last bit. Remember we we were joking.
I even found my old post saying like what if this happens again?
And then I had put like a nine month range here.
If you go by So let's say this has played out you're like here,
this is this on the screen, right?
So then you'd have like a tiny bit more chop left.
That's if you strictly go off of this, which is too easy to be
true, right? So you'd have what, 48 days.
So it's it aligns with what you're saying a little bit.
All right, So a little bit of range here before we move up.
And that would leave us at what, early June, which is in line
with what one of our main thesis was that.
That's the E20201 rally where we we, we pump in the summer.
If you don't think we're going to pump in the summer, then
we're back at that nine months. Basically the nine months plays
out if we go sideways all summer.
Does it? Let me see.
Hold on. Because really, it was this
range here, Tyler. Let me see.
It was 251 days, something like that, Yeah.
So that's 8. Months, so that was exactly
let's say here. So to July, mid-july, yeah see
that's when the eight months finishes.
We've been ranging forever, brother.
We started this range in November 1st week of November.
Yeah, I guess so. So I mean, wow, So that actually
still aligns with the 2021. Yeah.
Right, because it really was late July.
August was when things were really blowing up.
And, and if you if and if to not make it easy, it would make
sense that we pumped just a month before, right?
Because everybody's going to expect dumps and then everybody
just catches on. I was talking to Danny earlier.
It was like it happened in 2017 where we had like an early
summer pump like May ish and then June.
Then usually people selling June and then July is kind of dumpy.
August, then you pump again November.
If we E20201 I believe in cycles.
I know Mando and Co like some people seem to not we like
cycles, but like if you believe in cycles, you're thinking like
same, same story. Like you're, you're pumping here
through the summer when we dip a bit and then you double top
again like around November ish. But what do I know?
I'm just, I'm also just a DJN, but I like cycles and I'm
probably going to be trading my size based on a cycle.
Like I'm going to be taking some chips off the table in June,
small, I'm going to be taking some more chips off the table in
Q4 and then I'll see what happens in Q1.
You know, that's my plan. I'm looking to put chips on the
table my friend I'm. All this I have nothing else.
I come to him too. I'm trying to comb through my
couch questions to find some digital coins that I can that I
can get back into some new runners.
The the wild card here, while we're talking on timelines, that
180 day clock on the the US strategic Bitcoin Reserve plan,
I want to say that clock started around January 30th.
So 180 days, six months, it's in July.
Six months is July. If we get that plan mid to late
July, it's got any surprises in there?
I don't. Know I think I put on the record
like your May June pump, you know, it's selling mango away
has become too consensus again, you know, because the last three
Mays were horrible. Last May I was so dumb.
I was all that was a big fucking big and I remember just like ha
ha ha, everyone's going to sell it May go away.
I'm stupid. I didn't sell shit and I was
sick come June I was like sick to my stomach.
So I don't know, we'll see this time around.
By May and pray. Well, I bought an April, but you
know why? Because everyone's going to buy
in May and they'll buy my bags in May.
Buy Farox bags in May and pray we.
Were looking at Bitcoin, I think we got to take a look at ETH
real quick. I mean it's let's go big, big
move of 10%. When's the last time we had 10%
candle? To please don't, let's not do
this because we know what's going to happen if we like,
celebrate this. 2 days ago ETH was 1560 and it was well,
yesterday on the show we were like, Bitcoin's going to go back
to 100K and it's going to be 1800 and it said 1800 1/2.
So now, So what do we revise it to?
If Bitcoin say Bitcoin legs up to 100K in the next two weeks on
this momentum, what's our new target for ETH?
It can't be 1800. 1900, come on, it's got to be over.
I think it's probably 2100. Now I, I just like, so I wish
Mando was here too because I'd love to have a three-way
conversation or debate with people.
Like I have a question for you guys like, and I, I've talked
about the show before. So if you listen to the show a
long time, I've mentioned this a lot.
Ethereum can still be the most decentralized and best platform
to build, but that still doesn't mean the token is worth $200
billion and more. Sure.
But I guess like I just don't like why would he go to like
5000 here? Like what would be what would it
take like with what it makes no money that all the money's going
to L twos and the L twos are vampires that king L1 right now.
Buyers catching the Bitcoin tailwinds.
Maybe that's the the strongest narrative right now.
So the ETFs flipped big green yesterday on even on ETH.
But SUI for example is up 30%. Solana's up big.
So like on top of the L2 is vampire attacking ETH itself.
I think L1's are starting to also vampire attack Ethereum
right? Absolutely.
And I'm not saying that I think. Yeah, of course.
A better buy than solar Sui. I kind of like the faster
younger horses just from the trading hat, but the if you
think institutional capital is going to continue to be a big
trend this year and that's where a lot of the marginal buyers
come or or even retail capital through institutions.
But if all the other ETFs get approved, that fucks it even
more, no? Yeah, When's that going to
happen? You're right, not going to
happen for six months. Solana closer to time I guess
than the rest. It could be.
I feel like it's like a coin flop.
Part of me thinks they're going to the SEC is going to move fast
and maybe it's in. It's the summer part of me.
I think the more traditional consensus view is it's Q4.
Because I found it very bearish for ETH.
Like for example, BlackRock has its own blockchain now.
Securitize what? Not converge what?
Securitize. Like Bank of America can just
create its own private chain. Like back then the narrative we
we lost it. Like the ETH narrative got lost.
Like after the whole like ultrasound money thing, the
narrative should have always been that it's going to be.
And that's what Dean, this investor, pushes a lot to his to
his credit that like Ethereum, is the chain where institutions
going to RWA tokenize everything.
But now they're creating their own chains.
But they're but that's the Bank of America chain then then
that's the BlackRock chain. So if you still want the
decentralized permissionless route, still Ethereum.
Do people care about that? Some some do.
You and me do. I don't know if people do, but
yeah, like someone said, BlackRock doesn't care about if
they just picked it because it was second biggest market cap.
I have to agree with you like. Maybe that's enough.
That's what I'm saying. Just like we keep going back and
forth this. Is.
Yeah, of course, of course. Right, like I don't know if what
pushes it back to 4K. But that's the thing, right?
It's like if you were there having this dilemma, I think
This is why ether is lagging because we're having an honest
conversation, but an asset that we own both like own NFTS on,
for example, like I'm building mirror NL 2, which is
technically Ethereum. So I don't know, I don't know.
I, I think think about this all the time, man, We'll see.
It's a lot of holders, that's for sure.
And I would love for ETH to recover because stuff like Pepe
mog, wrecked crypto punks, Penguins, the L2's thrive like
the the ecosystem of ETH, the $110 billion TVL, you know what
I mean? There's a lot of money on here
and you want it to go higher, you know?
Anyways, what else Tyler? Big move in the punk floor on
the ETH move yeah, let's let's go.
So we, we, we, yeah, we can see that real quick.
What how's the how's the price ratio going?
We're still down, let's see, 78 K So we're still down 16
percent, 17%. Still a big move.
We, we finally broke that like 42 level.
So now it jumped to 44. The board is still super thin.
I mean, you were just scrolling through it like there's not a
whole lot of. Oh, it's sold.
Yeah, your girl. Finally.
So it took forever to sell. Right before the show I think 86
K that looks good in USD. Yeah, they're nice.
Anyways, anyone, anyone holding Ethan empty is is rooting for
this one. But yeah, let's talk about the
Cantor news. And I think this is another big
driver for, for crypto, for for Bitcoin, probably specifically.
So Cantor teaming up, SoftBank tethered Bitfinex, saying it's a
reported $3 billion deal. They're effectively pooling
capital to form a new company. It's called 21 Capital, and they
are going to be a Bitcoin acquisition vehicle, very
similar to Michael Saylor's strategy.
It looks like Cantor. So this is Brandon Lutnick,
Howard Lutnick's son. So ties to the White House at
the highest levels they are putting in.
Let's see. Well, so it's 1.5 billion from
Tether, 900 million from SoftBank, 600 million from
Bitfinex. So I'm actually not sure exactly
what what Cantor, maybe Cantor is just running the operations
on this. But huge news, huge headlines,
impacts on the White House. I think SoftBank being pulled in
is a huge part of this as well. You know, they are one of the
the companies investing up to like 50 billion in AI in the
United States. I think it's 50, maybe it's 500,
but they were they're leading that charge.
They've got deep, deep pockets. And if they're getting into the
Bitcoin acquisition game, it's pretty interesting, right?
So institutions are buying don't, don't want them steal
your Bitcoin. It's really playing out like we
talked about it like every day now I've got a headline of a
company buying Bitcoin or Solana now not eat, interestingly
enough, but we've had a couple companies this week, Upexi and
and Jan over they're buying Solana.
We've got metaplanet buying Bitcoin every week now it seems
strategy. And then of course, I got all
these other smaller companies are are jumping in.
Now you've got bigger ones. So I think 3 billion in Bitcoin
is already going to racket ratchet them up the the
rankings. I'd have to look at what
Tesla's. I think Tesla's got closer to a
billion. So they would already pass
Tesla. Logan just wrote a story on the
top ten companies holding Bitcoin.
I'd have to look back at that. But this, I think they would be
top five probably. I'll see if I can find it here
during the show, but this was a big one.
This is huge. This is huge.
I don't need to reiterate. You said all.
We talk about this every single day.
There's nothing else to see. But it's just where there's
going to be 20 of these, there's going to be 100, there's going
to be 5. Hundred of these I agree.
You know, that's it. That's that's really today's
show. By the way, the today's code is
Bitcoin. So if you're a raffle, but the
code today is Bitcoin, Bitcoin, Bitcoin is the code.
Anyways, I, I want to go through this topic.
Someone here is saying I'm bidding on a goat comeback.
I mean, that makes me think that makes me think of the AI board
because OSF is also mentioning in the chat saying, I mean, you
and Ovi are the only two people in all the crypto talking about
AI16Z, so we may as well go there.
That's because you do cover the AI board.
So what do you how do you feel about that?
Let's open cookie dot font. It's been a while.
Yeah. So let's open it up.
I want to look at the board big picture.
There's a question if Bitcoin rallies, what else is going to
rally? With the 8 billion still?
We got some of our answers. Memes, so alt pumps like sweet
was up 25%, memes up 15 to 20% far coin we talked about at a
time this AI board really popped yesterday like it popped the
most. So the leaders were up 30 to
40%. Wow.
And I'm talking about like, I mean, virtuals right now is up
27% at 500 million. And that's a $500 million token.
So I guess it's a pretty big move.
So it added over 100 million in market cap yesterday.
AI 16, ZS up 20% back to 200 million.
This Alchemy tokens up 20 percent, 175.
So it looks like we we cooled off a bit from just like a a
massive overnight rally. That ACT token, the one that got
listed on finance earlier is up 40%.
Zero bro. Zero bro.
I don't know, this is not enough for me to get excited.
You. Know it's up 170%.
I know, but look at the fucking thing.
I'm not racing into zero bro. I know you're not, but I'm just
saying for people in general, like don't chase 170% pump, you
know? We're in a really interesting
position on these, so that a lot of these were all called dead.
I thought they were dead. Yeah.
They caught big pumps. And I do think there's a little
bit of impulse like should we get back into these things?
Like I'm, I'm facing that. So like goat, Goat's up 15%.
It's 71,000,000. So it's not up as much.
But like, I think there's like if you were in the AI trade
November to January, like you, you know, your, your favorite,
you know, the tokens you like and it's like, oh, do I go back
in? So I've been thinking about that
this morning. I'm sitting on my hands.
I haven't made any moves. I don't really, I don't really
have exposure to the sector right now.
So like AI 16. Yeah, yeah.
I kind of put Park on his side right now.
It's its own thing, but AI 16, ZI was in for a long time with
Ovi, cut ties with it, I want to say back in February, I think
still higher than where it is right now.
If I'm looking at this board and thinking about ways to
potentially get exposure, I like new tokens.
So I think Prompt is still one of the stronger horses on this
list. They're up 26%, they're back at
30 cents. I think you, you got to take a
look at the leaders because that's where I think the
reflexive capital is going to go.
But I think you also want to evaluate how strong their
narrative still is. So like the AI agent launchpad
isn't interesting to me as a narrative like we we had that
there is no demands right now for tokenized AI agent reply
guys. So I think you got to be
building more than that set to really command a higher
evaluation. I guess I don't know exactly
what else AI16Z is getting into right now.
I don't know. I it's not sorry OB, I need you
to pitch me the bull case. I don't.
I don't see it. I think his bull case is simply
like if crypto prices go up, these prices go up.
Generally, I think this is it because I mean, what are we
bullish on? Like have we even heard any news
from all these people doing like this all?
So that's that's the other factor I think to watch is like
what teams were kind of still building over the last three
months. I'm asking what what team?
What teams were? Building so I got I well, we, we
really did not have many major announcements over the last few
months. What did we?
Hear combing. I wasn't not combing through
these lists, but I was, I was trying to do at least surface
level reporting on this sector. Over the last three months, I, I
rarely even had one, one bullet of news on any given day.
So I was mostly just covering price action.
I think Virtuals has had a few announcements, You know, they've
been doing hackathons, they're working on some Genesis feature.
I actually don't even know what that is.
AI16Z has been talking about their Eliza V2 and their auto
dot phone launchpad, which is not going to have a token.
So that does remove some of the risks there.
They would have perhaps another token, but I'm still not
necessarily exactly sure. OK, look, I was going to say
like who shipped what? And this is like Griffin was
active on social shipping little things here and there.
OK, turned like they were shipping a little like, OK, OK,
so the 5th, the 11th and the 17th, 17th, they shipped little
things like here, here, here. So, OK, so they were around in
April. Create get it.
OK, so March, so every couple weeks or two like March 12th.
OK, March 14th. OK, so they shipped some stuff.
Let's see Arc. And Griffin up 50%, so one of
the top movers. Arc dot fun.
What do they ship? I.
Really do not remember saying much from ARC.
I only care if the team ships something during this.
That doesn't mean I'm buying them by the way.
OK, so. Looks like they're big on this
MCP and Ryzome thing. Maybe it's time to to get the
founders back, back on the show and say what?
What do you guys been doing for three months?
Yeah, we started kind of going down the path and then.
I don't, I don't know, looks like Griffin shipped some
things. Look please guys, if you're
going to buy these tokens again, do what I am just did, but maybe
a little more thorough and just look if they ship things, even
little things like Griffin, I never really bought it, but I
don't care. Like first glance I saw April
17th, April 11th and April 5th. They shipped 3 little things for
their thing, meaning that they they they hey I know on ships
daily. I did see that that means that
they they tried see someone saying Griffin auschemist tank
arch arch have been building hand on it.
Like I don't know enough. Like I I tuned out of this shit.
That's what I'm saying. Like go make sure that the
people that you're going to buy their tokens from actually ship
because it was just like a three month dip and builder terms.
Three months is fucking nothing. You know what I mean?
Like if you gave up after three months, you know?
So this was an interesting one. This was, I would not guess this
that we get the first big green candles in Bitcoin and ETH and
the crypto AI sector is the top winner.
I mean, I guess I always thought we would probably get another
crypto AI run, but I didn't necessarily think it would be
all the the old ones just immediately pumping on that.
So they did. I think today is a risky day to
enter these again. I want to see a little bit more.
And then I think to your point, if you're really going to start
investing, you want to take a look at what what the the
current value proposition is, what they're building, what
they've been able to accomplish over the last few months.
And does it make sense of these prices?
But I mean, if we're just going to run it all back, then they're
all cheap. Maybe Ovie's right.
The good thing about Ovie is even though he could be wrong on
certain calls, like you know how he was like adamant but far
coin, but then he was buying those dips.
They were down there in the money still at least he's always
buying dips. So like he did buy far coin and
then his AI 16 is not green because he bought like while
everybody was capitulating, he was buying.
So it works out for him, you know, So I in that sense, you're
right. Just give it a shot, you know,
at $50 million, I mean, fuck, at $300 million, we were wondering
on the show if we should be buying ARC to go to a billion,
you know what I mean? So like, Speaking of which AI
and stuff, Ovie's coin wrecked. I was, I was looking this
morning. So the one of the only things I
didn't sell, not even a, a penny of it was wrecked during this
downtime. Because I know my boy, first of
all is my boy, you know, I helped them out here and there,
this and that, but it's back to 20 mil.
Do you believe that Ovie's going to ship 20 minutes?
What the TG that on gate? So I would look at things like
that, right? So similarly, right.
It's like they're lunching in your flavor.
Ovie's tweeting about how he's got a bunch of shit shipping.
You know, he's got a bunch of announcement partnerships.
A lot of these companies are back or company tokens.
Company adjusted tokens are back to the prices they were when you
wish you bought them. Definitely.
So like when when when when when back was 120 mil.
It was like Oh my God, I wish I part took a 20 mil.
It's a 20 mil today. I just checked during the show.
I forgot I turned out. So I was like, OK, cool.
You know what I mean. So.
This that's how you 10 XS right is you got to buy when it's
quiet when no one else is doing it.
Because the farmer made the same point, Tyler Bitcoin went to 94
K, your favorite altcoin did not.
So you're not too late to buying things.
You're still early to buying things.
Sure, if it dips again, it dips, but there is still some room to
run. And then the second leg, usually
you look at the things that actually ditch it.
Don't go by just vaporware because the vaporware is
probably going to be left behind, but the there will be
vapor that pumps by the way. But it's I feel like it's easier
this time around. Like I feel like I was telling
you this in the chat earlier. I was like pick an all, pick a
meme coin and pick a major and I have a feeling if you pick 3
coins like that one, one major and 11 meme, you're probably
going to outperform 90% of CT so.
There's some way to look at it and you're you're you're kind of
saying don't over diversify. Yeah, kind of make more
concentrated bets. I think it makes sense.
We talked about AI. You were talking about
vaporware? That meme coin board was pretty
damn green as well. What?
Are we looking at? On the day I think it's
everything's kind of cooling off now, but everything was up about
5 to 10%. Bonk was up 20%.
It re flipped for a coin with was up like 40% Pudgies.
The Pingu token was up 40% at one point yesterday.
Mug is up good. SBX at half a billion pop.
Cats back at 363. We were seeing this yesterday.
Huge move. Called it on the show yesterday.
That was a good move. It's up, so it's up 2X off the
bottom. I I think popcat if if I think
and I don't want any, I've never really been in the popcat raid.
I I would put, I'll bet that Popcat is one of those capable
of making new highs if this cycle is to be like, you know,
if we really pop like the rest. What's interesting to me here,
and maybe it's because Far coin LED, but like far coin is it
feels like it was like the main mover is what everyone's talking
about. Almost every one of the top
memes is up more on the week. So it's not even like it's just
like printing crazy candle after crazy candle, which to me I
thinks like, yeah, we've got room to move.
So Pepe is up 24%. It's up more than Far.
Bonk is up 31%. We talked about it yesterday.
Whips up 50% of the week. It's up more, Brett, a point on
base that no one on CT holds is up 52% Pinger Toker's up 66 pop
Cat's up 46%, Turbo's up 190% so.
Hey, I never want to hear again. There's no opportunity on here
y'all Like there is like you. A lot of you have been listening
to this show forever. You're like avid listeners.
You show up every day like just you don't have to take a punt
like with all your portfolio, just divert.
If you want to diversify and play the game, you can play the
game. You know, like this far coin
move was telegraphed, but it was also gave you all the IT like
predated the rest like you yesterday, we're on here saying
what about Pepe? What about wave?
What about popcat? What about this?
That's today. They're all up by fucking 4050%.
So. Which I guess, again, I guess I
didn't really think all the old memes would be the ones that
people come back to. Here we are.
It's hard to predict exactly how this cycle is going to play out.
If Bitcoin follows the M2 chart, I think we're going to have some
fun. I guess maybe we can leave it at
that. I know we need to get to our Eid
action here. Or do we want to talk about
Myriad Share to earn real? Quick, let's do that, then let's
get into the giveaway. So we lost share to earn on
Myriad officially today. So the share in our points only
for now, I can officially say that we're going to launch a
share to earn on USDC as well following that.
But first, as you all know, we have to start testing on on
points first and foremost. So from today on, let me show
you the myriad posts here. Share to earn is other than
Myriad, you can share to earn. So basically you get your own
referral link on here. So referral, you earn 1000
points per new user that you that sign ups with you with a
daily cap of 10 users, you get 10% of the referred users by
points in volume. And then you earn 100% of the
refers USDC by volume multiplied by 100 in points, meaning
there's 100X multiplier on points.
When people use USDC, you also get you get 100% of that.
So it's awesome. So let's say someone bets 1
USDC, they get 100 points. You also get 100 points, which
is really awesome. So it's cool.
It's a good way for us to grow. Tyler, you've seen my post
recently. You know, there's a lot of
things coming that I think will, you know, unlock growth and
share to earn is one of them. And the next one is going to be
in USDC. So soon you'll be able to refer
people and make actual USDC for for referring people to our
platform. And this was also, Tyler, you
talked about this yesterday on your on your feed, but you know,
at the same time abstract launched the Myriad Grandmaster
badge, which means that if you trade volume of 500 USDC on
Myriad markets, then you're eligible to the Myriad
Grandmaster badge, which you should probably go in and, and
pick up if you haven't yet. So make sure you go to Mirador
Markets and you go predict. So Tyler, yesterday we had our
all time high prediction day. We did a very $150,000 of volume
yesterday. So it was awesome.
I love that I love the share to earn update.
I think it's going to be huge for discoverability.
That's always a big thing for markets like this.
Even me like I'm not scanning all the prediction market boards
on a daily basis to see what's out out there.
So I'll sometimes be surprised when I see something on Twitter.
And now you make a bet you're incentivized.
Go share your thesis and people are going to they can copy trade
you. They they can take the opposite
side and you're going to earn either way.
And if folks don't remember, like one of the slicker features
of Myriad is the social integration.
So you can bet if you've got the extensions up and working, you
can bet live on X Yeah, couple clicks, it's super easy.
It's awesome, guys. It's really awesome.
So all you have to do is go there.
We actually open a FAR coin market, Tyler today, a flash one
FAR coin above $1.2 billion market cap on April 20.
So tomorrow's close above or under 1.2.
What's it at? What's that market at?
111, the market's at 66%, no. Oh, oh man, I need that eight.
I need a 7% move to capture 60% UPS.
That's a 2X on yes. That's that's one headline.
I'm. Probably going to.
I'm probably going to bet that right after the show.
We did hit our market 120, which was my personal first level here
and and then what maybe we put a little handle here to 998990.
Was 120 the level or is 135 the level?
That's the question. Yeah, that's true.
People have different levels. My level was 120 personally
because in that perfect cup. But you know what's going to
happen? We're going to handle again and
we're going to go again. So you know, that's that's the
story of this coin. It's just like it handles here
probably then bang. Well, not that high or or maybe
or maybe hopefully that high, that would be cool.
But anyway, so look at this like it's pretty cool.
Like we're about to hit we hit 2.25 million already, but you
know, we're already on pace today to beat that yesterday's
high. So make sure that you
participate the earnest here. We've seen people already
sharing their sharing their the referral codes here.
So make sure that you use this and you know, go earn here.
That's the integration. By the way, you can literally so
right now I'm not logged in, but see this person, they shared the
referral code. Look how cool this is, Tyler.
I have the extension right right there so I can put my prediction
on and that person Aditya dot Ron they would earn for me
predicting directly on X. Man, that's big.
People got to pay attention to this.
People really got it like this. I put no, I got to sign.
I think I'm locked out of my shit here.
I don't know if it's going to work.
Yeah, see, I'm I'm you. Got to be all signed in and
everything. But yeah, but you know, it's
it's really cool. So yeah, that was the news, and
it's big. You like it?
Oh yeah, oh man, we have a, we have a lot coming.
Like I said, we're going to kill the fee on on sales.
We're going to kill, you know, we're going to launch V3, we're
going to launch an integrated wallet.
And then, you know, at some point there's going to be a TGE.
So it's, it's good, you know, but first the three, the three
things I said need to go out like V3 and everything.
So it's going to be exciting.