1 00:00:00,480 --> 00:00:08,119 Good morning, good morning, everyone, GM, GM and welcome to 2 00:00:09,240 --> 00:00:12,440 another episode of Homo Hour today. 3 00:00:13,040 --> 00:00:19,400 Today is Tuesday, June 10 point .5 folks, the all time high 4 00:00:19,400 --> 00:00:22,120 waiting rooms are open. We're in there. 5 00:00:22,120 --> 00:00:25,240 A few tokens have already gotten there late last night or this 6 00:00:25,240 --> 00:00:27,000 morning. It looks like Bitcoin. 7 00:00:27,080 --> 00:00:29,560 It's close. It's it's edging a little bit, 8 00:00:29,800 --> 00:00:32,200 dipping a bit here this morning. The question on everyone's 9 00:00:32,200 --> 00:00:34,720 minds, are we going to get it today or not? 10 00:00:34,720 --> 00:00:37,080 We're going to break it down on today's show. 11 00:00:37,080 --> 00:00:39,320 No faroke. He is traveling, but we've got 12 00:00:39,320 --> 00:00:41,320 Mando on. We've got Logan on with us. 13 00:00:41,720 --> 00:00:44,920 Mando, Jim, how you doing? I'm doing great. 14 00:00:44,920 --> 00:00:46,880 How are you, man? I'm good. 15 00:00:46,880 --> 00:00:50,320 I woke up to a very green board. It was it was electric Grant. 16 00:00:50,400 --> 00:00:54,320 So a very nice, nice start to the day. 17 00:00:55,240 --> 00:00:58,280 And it feels like we're moving. It feels like there's something 18 00:00:58,280 --> 00:01:00,800 in the air to me. At least that's how I'm that's 19 00:01:00,800 --> 00:01:02,360 how I'm feeling right now. Yeah. 20 00:01:02,400 --> 00:01:05,280 I mean, I said what I said to you yesterday, like I think I 21 00:01:05,280 --> 00:01:09,000 think the thing I've been even picking up on is the staking 22 00:01:09,000 --> 00:01:13,520 ETFs that I think is going to be the most probably approved this 23 00:01:13,520 --> 00:01:18,320 month with BlackRock have been in asking for this for a while. 24 00:01:18,320 --> 00:01:21,520 And then we have a number of different firms actually close 25 00:01:21,520 --> 00:01:25,240 to that. And I think if that was to 26 00:01:25,240 --> 00:01:26,640 happen, I think you got you have a little bit. 27 00:01:26,640 --> 00:01:28,760 And then there was some comments yesterday from the SEC chair 28 00:01:28,760 --> 00:01:32,200 basically being like Defy, don't worry about it. 29 00:01:33,000 --> 00:01:35,240 We're we're we're not going to come after you guys anymore. 30 00:01:36,120 --> 00:01:39,800 And so you had all the big Defy coins rally quite a lot. 31 00:01:41,440 --> 00:01:43,600 And I think that's yeah, just a really good sign. 32 00:01:43,600 --> 00:01:52,040 So I've, I think now, you know, I've been bullish on earth for a 33 00:01:52,040 --> 00:01:56,480 little bit now. I think now it's got the 34 00:01:56,480 --> 00:01:59,080 narrative that you need it to right before it was just like, 35 00:01:59,080 --> 00:02:01,040 oh, it's rallying and like what's going on now It's got 36 00:02:01,040 --> 00:02:04,400 like some semi reason for why you can't be bullish. 37 00:02:04,400 --> 00:02:06,360 Oh my God sake, ETF. I don't even know how big that's 38 00:02:06,360 --> 00:02:09,880 going to be, but like there's just a thing that people can say 39 00:02:10,520 --> 00:02:13,920 it's that. And so if that gets delivered, 40 00:02:14,360 --> 00:02:16,760 then you can see a rally. Do you know what I mean? 41 00:02:16,760 --> 00:02:20,320 Or I think the other thing is just D5 stuff. 42 00:02:20,320 --> 00:02:22,560 So it's like, oh, D5 is something about to explode. 43 00:02:22,560 --> 00:02:25,680 Like I think I'm now just like waiting for the point where like 44 00:02:25,800 --> 00:02:29,640 the narrative starts to make sense and that it's, it's 45 00:02:29,640 --> 00:02:36,200 suddenly did pretty recently. So I'm, yeah, I'm, I'm, I'm 46 00:02:36,200 --> 00:02:38,840 relatively bullish now on, on where things are going to go. 47 00:02:40,240 --> 00:02:43,880 He he was narrative less. Basically the only narrative was 48 00:02:43,960 --> 00:02:45,880 it's a catch up trade. It's oversold. 49 00:02:46,600 --> 00:02:49,320 Yeah, but now there's some more substantial ones. 50 00:02:49,640 --> 00:02:52,520 So we'll get into it some definitely some big pieces of 51 00:02:52,520 --> 00:02:54,680 news there. Plus we've also got Logan back 52 00:02:54,680 --> 00:02:57,920 for the first time in what feels like weeks, several weeks. 53 00:02:57,920 --> 00:02:59,720 Logan, GM, how you doing? Hey. 54 00:02:59,920 --> 00:03:01,840 Good morning. Yeah, it has been a a couple 55 00:03:01,840 --> 00:03:03,520 weeks, but a couple of good weeks. 56 00:03:03,840 --> 00:03:06,480 I think last time I was on Bitcoin might have been around 57 00:03:06,480 --> 00:03:09,640 9596, something like that. Wow. 58 00:03:09,800 --> 00:03:13,560 So yeah, it feels much better, of course, waking up today, the 59 00:03:13,560 --> 00:03:18,840 green on the board and you know what, maybe those easy Rd., you 60 00:03:18,840 --> 00:03:21,120 know those mile markers for the easy Rd., they might be 61 00:03:21,120 --> 00:03:23,080 approaching and who knows, hopefully. 62 00:03:23,080 --> 00:03:24,960 Are we going? Are we going to be on the Easy 63 00:03:24,960 --> 00:03:26,680 Rd. Perhaps even as soon as this 64 00:03:26,680 --> 00:03:28,120 week? That's what the M2 chart tells 65 00:03:28,120 --> 00:03:31,080 us, but not everyone is buying it. 66 00:03:31,080 --> 00:03:32,520 We'll get into it on today's show, folks. 67 00:03:32,520 --> 00:03:34,040 What are we talking about? We're going to start with the 68 00:03:34,040 --> 00:03:36,720 market report. As always, we got more Bitcoin 69 00:03:36,720 --> 00:03:40,360 treasuries spinning up. These ETS are on a 16 day streak 70 00:03:40,360 --> 00:03:42,400 now. We've got, as Mando mentioned, 71 00:03:42,400 --> 00:03:47,080 that some bullish D5 commentary out of the SEC Chair Paul Atkins 72 00:03:47,080 --> 00:03:49,840 hype. It's a new all time high. 73 00:03:50,040 --> 00:03:53,400 The launch coin ecosystem rebounding quite a bit. 74 00:03:53,400 --> 00:03:56,400 Folks are already running out their annualized revenue 75 00:03:56,400 --> 00:03:58,920 graphics. You love to see that pump fun. 76 00:03:58,920 --> 00:04:02,320 Was it saved by this verse token yesterday, which came out of 77 00:04:02,320 --> 00:04:06,280 nowhere and ran to a billion? We've got other meme leaders on 78 00:04:06,280 --> 00:04:08,480 the move. Virtual's moving to ETH this O 79 00:04:08,480 --> 00:04:13,240 cap games race thruster, winding down OPS and more a lot to get 80 00:04:13,240 --> 00:04:16,480 into before we do it shout out to our partner start with wallet 81 00:04:16,480 --> 00:04:19,800 connect wallet connect is the connectivity network shaping the 82 00:04:19,800 --> 00:04:22,520 future of on chain UX. If you've connected to a web 3 83 00:04:22,520 --> 00:04:25,640 app you've seen wallet connect that blue logo it's everywhere 84 00:04:26,000 --> 00:04:29,360 and I kind of trust in crypto as recognizable as Visa at the 85 00:04:29,360 --> 00:04:31,560 checkout. If you want to learn more at 86 00:04:31,560 --> 00:04:34,640 wallet, connect on X and Telegram to stay ahead of what's 87 00:04:34,640 --> 00:04:38,320 next. And with Kraken Pro, you get 88 00:04:38,320 --> 00:04:41,960 full control over your layout. Drag and drop any module, 89 00:04:42,000 --> 00:04:45,400 customize all. It's clean, smooth and built for 90 00:04:45,400 --> 00:04:48,240 real traders. If you trade crypto, check out 91 00:04:48,240 --> 00:04:52,120 pro.kraken.com. Trade without trade-offs. 92 00:04:52,560 --> 00:04:57,120 We love our partners as always. All right, Mando, if you're 93 00:04:57,120 --> 00:05:05,440 ready, let's get into it. Who is the man Macro daddy of 94 00:05:05,480 --> 00:05:10,920 the land? Can you dig it? 95 00:05:10,920 --> 00:05:13,280 GM everyone. So yeah, it's it's been a decent 96 00:05:13,280 --> 00:05:15,960 day. I think bit mix for Bitcoin, but 97 00:05:15,960 --> 00:05:18,720 for all coins we've had a a decent run up. 98 00:05:18,760 --> 00:05:22,480 As I said yesterday, it feels like the crux of this is to do 99 00:05:22,480 --> 00:05:26,560 with the comments by the SC CS chair yesterday basically being 100 00:05:26,560 --> 00:05:30,760 like we're OK on D5 now. You saw a bunch of D5 coins 101 00:05:30,760 --> 00:05:34,880 rally pretty aggressively on the back of that, which was mainly 102 00:05:34,920 --> 00:05:38,280 Ave. was the big one. And then you've had hype hitting 103 00:05:38,280 --> 00:05:39,840 you all time high off the back of that too. 104 00:05:39,840 --> 00:05:44,920 I think hype was mentioned in Washington yesterday and I think 105 00:05:44,920 --> 00:05:46,960 the other one's uni uni swap had a decent move. 106 00:05:46,960 --> 00:05:51,840 So this whole ETH ecosystem ETF I think suddenly kind of got a 107 00:05:51,960 --> 00:05:56,000 narrative behind it and you've seen a big rally I think in in 108 00:05:56,560 --> 00:05:58,920 ETH and then kind of ETH related coins. 109 00:05:58,920 --> 00:06:02,000 Some of the ETH betas did well to be fair, some of some of some 110 00:06:02,000 --> 00:06:04,200 of the generic betas did well. Like we've seen a big move in 111 00:06:04,200 --> 00:06:07,560 things like far coin. Obviously they've got Coinbase 112 00:06:08,480 --> 00:06:10,920 and they I think Coinbase just had a perps as well for them. 113 00:06:10,920 --> 00:06:13,760 So dominating in terms of volume. 114 00:06:13,760 --> 00:06:16,120 So it feels like coins that you want to own are doing well. 115 00:06:16,240 --> 00:06:18,960 I don't think we're seeing like I don't think we're seeing a 116 00:06:18,960 --> 00:06:22,920 broad based altcoin season. And I treat that out just before 117 00:06:22,920 --> 00:06:24,600 we went live. Like I don't think we're going 118 00:06:24,600 --> 00:06:27,160 to see a broad based altcoin season just because it doesn't 119 00:06:27,160 --> 00:06:30,120 feel like there's enough new people that have come in to buy 120 00:06:30,640 --> 00:06:32,320 altcoins. I think just buy the coins, 121 00:06:32,320 --> 00:06:33,880 which is strong. Do you know what I mean? 122 00:06:33,880 --> 00:06:37,120 It will happen from the hype is a good coin to buy right now 123 00:06:37,120 --> 00:06:39,240 because it's struck the the market is strong that'll rally 124 00:06:39,480 --> 00:06:42,480 far coins market. It's a coin that most people 125 00:06:42,600 --> 00:06:45,120 will have on their list of potential buy it rallied. 126 00:06:45,880 --> 00:06:49,960 I think Ave. maybe is it's own like select thing because has 127 00:06:49,960 --> 00:06:52,400 this relationship with ETH at the moment has a fee switch. 128 00:06:52,400 --> 00:06:56,000 But after the and after the circle IPO, there's some look at 129 00:06:56,000 --> 00:06:57,840 like D5 coins having a decent move. 130 00:06:57,840 --> 00:07:01,480 But Ave. is another one which which feels very much ETH beta, 131 00:07:02,080 --> 00:07:05,720 But but other than that, I'm I'm not wary of like FOMO. 132 00:07:05,720 --> 00:07:08,840 And I think you kind of seen that like the other L ones, Sui 133 00:07:08,840 --> 00:07:11,400 Solana, like they're they're doing OK, but like they don't 134 00:07:11,400 --> 00:07:15,240 feel like they don't feel like you're sitting there some 135 00:07:15,240 --> 00:07:18,360 raging. Like that's a 158, like it's 136 00:07:18,360 --> 00:07:20,840 kind of art, but it's also unchanged in the week. 137 00:07:20,840 --> 00:07:23,840 So I'd be very wary just like we're about to see everything go 138 00:07:23,840 --> 00:07:26,680 to all time high again. I think. 139 00:07:27,480 --> 00:07:30,720 I think we're going to see as always with all coins, he's now 140 00:07:31,080 --> 00:07:35,960 pockets of stuff which outperforms and I would probably 141 00:07:35,960 --> 00:07:39,080 go with the trend on on stuff that you think is going to 142 00:07:39,080 --> 00:07:42,160 outperform. So hype has been such an obvious 143 00:07:42,200 --> 00:07:45,080 one for a while, but there's been there's obviously a few 144 00:07:45,080 --> 00:07:48,800 more in that sort of world. That was it because of like the 145 00:07:48,880 --> 00:07:50,920 the the main top down crypto news. 146 00:07:50,920 --> 00:07:53,080 There's obviously more companies coming saying that they're going 147 00:07:53,080 --> 00:07:55,240 to buy Bitcoin. That's happens every single day. 148 00:07:55,680 --> 00:08:00,560 But I think Ethan ecosystem is kind of taking the taking the 149 00:08:00,640 --> 00:08:05,000 majority of the focus right now. And then you, as I said to 150 00:08:05,000 --> 00:08:08,120 Tyler, I think we will hear about staking ETFs soon. 151 00:08:08,200 --> 00:08:11,400 I just get the feeling that that is going to be the headline and 152 00:08:11,400 --> 00:08:14,440 it may be for Ethan Solana or it may just be for ETH. 153 00:08:14,880 --> 00:08:16,640 But it feels as though we're going to hear about, I think 154 00:08:16,640 --> 00:08:18,560 we're going to hear about that in the next month or so. 155 00:08:20,240 --> 00:08:24,640 State ETF, state ETH hit an all time high actually overnight, 156 00:08:25,600 --> 00:08:26,840 which I think is an interesting move. 157 00:08:26,840 --> 00:08:31,240 But and I'm not the the biggest EEF bull of all time. 158 00:08:31,360 --> 00:08:34,520 I think you can tell I've been pretty, pretty against it, But I 159 00:08:34,520 --> 00:08:37,080 do think it's got a it's got this like narrative now where it 160 00:08:37,080 --> 00:08:41,159 can it can push on. Yesterday macro was pretty 161 00:08:41,159 --> 00:08:42,039 quiet. Actually. 162 00:08:42,240 --> 00:08:45,240 Tesla is taking a lot of the focus just because of what Trump 163 00:08:45,240 --> 00:08:48,760 and and Elon were doing. But this period has been a 164 00:08:48,760 --> 00:08:52,360 period of rising bond yields, stocks actually heading towards 165 00:08:52,600 --> 00:08:54,840 roughly all time highs, but really big moves in a lot of 166 00:08:54,840 --> 00:08:57,920 commodities. So gold has kind of stuck in 167 00:08:57,920 --> 00:08:59,800 around all time high, but you have silver hitting all time 168 00:09:00,080 --> 00:09:02,920 close to all time high. I think it's platinum. 169 00:09:03,120 --> 00:09:06,200 Platinum is hitting is going parabolic right now. 170 00:09:06,200 --> 00:09:10,160 So a lot of these like hard assets are, are trading very 171 00:09:10,160 --> 00:09:12,560 well. And these assets which don't 172 00:09:12,560 --> 00:09:16,360 really move like that, like they, they traditionally are 173 00:09:16,360 --> 00:09:19,000 quite quiet. So it's just interesting to see 174 00:09:19,000 --> 00:09:22,520 this is probably not a bullish sign, but it's a, it's a sign 175 00:09:22,520 --> 00:09:25,720 that people are are kind of wanting to move away from bonds 176 00:09:25,720 --> 00:09:28,160 and stocks and into stuff that they perceive to be a bit more 177 00:09:28,160 --> 00:09:31,000 of like a hedge against, against that sort of stuff. 178 00:09:34,240 --> 00:09:36,040 This week we still have CPI and PPI. 179 00:09:37,480 --> 00:09:42,160 CPI actually come out. It's tomorrow, it's tomorrow, 180 00:09:42,160 --> 00:09:45,040 sorry. So it's tomorrow. 181 00:09:47,400 --> 00:09:50,800 And I think that'll be the main, the main thing that that will 182 00:09:50,800 --> 00:09:53,240 move the market. Normally what happens is PPI 183 00:09:53,240 --> 00:09:56,600 comes out, CPI comes out, market moves and then market kind of 184 00:09:56,600 --> 00:09:59,760 reverses what it was doing. When PPI comes out, I think 185 00:09:59,760 --> 00:10:02,960 we'll probably come in slightly below expectations again, as we 186 00:10:02,960 --> 00:10:06,280 have seen. But I don't think these CPI are 187 00:10:06,280 --> 00:10:08,800 that important because the Fed has already said that we don't 188 00:10:08,800 --> 00:10:10,920 really care. We think there's going to be 189 00:10:10,920 --> 00:10:12,440 some short term impact of tariffs. 190 00:10:12,440 --> 00:10:16,400 And so, like, if it comes above, people will just say, oh, don't 191 00:10:16,400 --> 00:10:21,160 worry about it, which I think is kind of an interesting position 192 00:10:21,160 --> 00:10:24,680 to be in. Yeah, I think there's more 193 00:10:24,800 --> 00:10:28,200 upside than downside risk to your point, like if it's, if 194 00:10:28,200 --> 00:10:32,640 it's a little high to go, we knew about this, it's tariffs. 195 00:10:33,880 --> 00:10:39,680 But I, I think the, the Milk Rd. crew has been tracking the 196 00:10:39,680 --> 00:10:43,400 trueflation to CPI data and it looks like it's been reporting 197 00:10:43,400 --> 00:10:47,680 on some kind of like a 45 day lag CPI compared to trueflation. 198 00:10:48,240 --> 00:10:52,960 So the true inflation index is going up since May, but it was 199 00:10:52,960 --> 00:10:58,360 very, very low in April and May. So if we get the May CPI data 200 00:10:58,360 --> 00:11:01,240 and if it, if it's tracking into this range, like it could be a 201 00:11:01,240 --> 00:11:05,640 very low number. And if it comes in low, I wonder 202 00:11:05,640 --> 00:11:09,560 if folks will, will run with that temporarily, rightfully or 203 00:11:09,560 --> 00:11:13,120 wrongfully. I was looking at the rate cut 204 00:11:13,120 --> 00:11:16,680 odds. So I, I think there's starting 205 00:11:16,680 --> 00:11:19,560 to be I'm seeing this narrative, I heard it on the, the nifty 206 00:11:19,560 --> 00:11:22,160 show this morning that folks think there there won't be any 207 00:11:22,160 --> 00:11:26,520 rate cuts this year. Like that's, that's still that 208 00:11:26,520 --> 00:11:30,080 would be very there's low chances of no cuts, 7%. 209 00:11:30,280 --> 00:11:35,320 So we're looking at 30% odds of 1 cut on the CME futures, 40% 210 00:11:35,320 --> 00:11:43,160 chance of 220% for three. So we'll see if this changes 211 00:11:43,400 --> 00:11:48,560 coming out of the, the CPI. But I'm, how much does this even 212 00:11:48,560 --> 00:11:50,720 matter right now? Like we, we were talking about 213 00:11:50,720 --> 00:11:53,800 some of the catalysts, right? Yesterday I said on the show, I 214 00:11:53,800 --> 00:11:55,640 think it was after you left Mando and then you, you 215 00:11:55,640 --> 00:11:59,160 responded to me on, on X that crypto kind of broadly feels 216 00:11:59,160 --> 00:12:01,480 like a, a powder keg. And there's a handful of 217 00:12:01,480 --> 00:12:03,400 announcements that could really light the match. 218 00:12:05,120 --> 00:12:08,480 And I was pointing to like the potentially the no capital gains 219 00:12:08,480 --> 00:12:10,720 if the US is finding a way to acquire. 220 00:12:10,720 --> 00:12:12,520 And if they make any announcements, there's to like 221 00:12:12,520 --> 00:12:15,520 blockbuster ones. Certainly there are others. 222 00:12:15,520 --> 00:12:19,240 I think the resolution to the the US China trade deal would be 223 00:12:19,240 --> 00:12:22,960 1, perhaps on a smaller scale, but at least for a near term 224 00:12:22,960 --> 00:12:26,720 boost. The sticky ETFs are a very 225 00:12:26,720 --> 00:12:31,880 interesting one. Yeah, I think, I think the fact 226 00:12:31,880 --> 00:12:34,400 that BlackRock have been pushing for it, I mean, you've seen a 227 00:12:34,400 --> 00:12:36,520 lot about this. So the reason why this has 228 00:12:36,520 --> 00:12:41,280 happened is on the 31st, it was basically said that if you 229 00:12:41,280 --> 00:12:43,960 stake, it's not considered to be a security and that's quite a 230 00:12:43,960 --> 00:12:46,880 big thing. And then yesterday similarly the 231 00:12:46,880 --> 00:12:49,680 SEC chair came out and said basically like staking's fine. 232 00:12:50,440 --> 00:12:53,480 So you've seen this like very quick movement towards this and 233 00:12:53,480 --> 00:12:56,160 there's a, a number of BTS coming up, which would apply for 234 00:12:56,160 --> 00:12:59,800 that sort of staking. So it now seems highly likely 235 00:12:59,800 --> 00:13:01,840 that we're going to see something around that relatively 236 00:13:01,840 --> 00:13:03,720 soon. And I think if that comes out, 237 00:13:03,880 --> 00:13:07,040 this whole narrative of like all this, either state supply shop, 238 00:13:07,120 --> 00:13:10,080 all that sort of stuff, alongside what we saw with 239 00:13:10,080 --> 00:13:14,120 Pectra and kind of be can kind of be the new narrative. 240 00:13:15,160 --> 00:13:16,680 I'm just, I'm just looking ahead. 241 00:13:16,880 --> 00:13:20,520 I I don't even fully believe this star. 242 00:13:20,520 --> 00:13:24,240 Is it like I'm I'm actually of the belief that Solana looks 243 00:13:24,240 --> 00:13:27,000 really undervalued, but I don't think it's going to be the thing 244 00:13:27,000 --> 00:13:28,680 that outperforms it. I think. 245 00:13:28,800 --> 00:13:32,120 I think Heath is just got. It got itself in a really nice 246 00:13:32,120 --> 00:13:34,960 spot. I'm with you. 247 00:13:35,160 --> 00:13:37,120 I, I feel like it's one of those things that will have been 248 00:13:37,120 --> 00:13:40,000 obvious in hindsight. And there's some folks like 249 00:13:40,000 --> 00:13:42,880 Pintoshi's been kind of pounding the table on the stick and ETFs 250 00:13:42,880 --> 00:13:45,920 are around the corner for what feels like three to six months 251 00:13:45,920 --> 00:13:47,440 now. So he's been he's been at it for 252 00:13:47,480 --> 00:13:53,800 a while, but like this candle from 1800 to 2500 and three days 253 00:13:55,280 --> 00:14:00,960 in early May, a move like that feels like it's in the realm of 254 00:14:00,960 --> 00:14:04,800 of possible scenarios. It's it's probably the top 10% 255 00:14:04,800 --> 00:14:07,920 bullish outcome coming out of the back of us taking ETF. 256 00:14:07,920 --> 00:14:13,080 But if Ethereb from 2700 to 3300 I don't I wouldn't be that 257 00:14:13,080 --> 00:14:16,600 surprised it it would still be negative on the year. 258 00:14:19,080 --> 00:14:21,880 Yeah, I think, I think it's that's what I think it's like 259 00:14:21,880 --> 00:14:27,600 it's it's still not liked enough like as just or I think the 260 00:14:27,600 --> 00:14:30,000 other issue is that everyone bought the beaters, right. 261 00:14:30,480 --> 00:14:34,040 No one wants no one, which is like the other bit of the trade 262 00:14:34,040 --> 00:14:36,280 here. We're like the beaters are not 263 00:14:36,280 --> 00:14:39,200 trading apart from Ave. like the beaters. 264 00:14:39,360 --> 00:14:42,400 My my ETH bag that I bought has done way better than the bag I 265 00:14:42,400 --> 00:14:45,800 bought Mog or Pepe. They've kind of gone sideways 266 00:14:45,800 --> 00:14:47,480 over this period. Rect has done really well 267 00:14:47,480 --> 00:14:50,080 obviously, but I think Rect is like people consider rect on ETH 268 00:14:50,080 --> 00:14:51,920 beta I think is like maybe looking at it wrong. 269 00:14:52,240 --> 00:14:53,720 It's got it's own like. Ice, it's like. 270 00:14:54,160 --> 00:14:57,480 Capital markets thing, but I think the ones that you would 271 00:14:57,520 --> 00:15:00,960 traditionally think of ETH beta SPXI guess is 1, but I feel like 272 00:15:00,960 --> 00:15:02,920 that was kind of under earned. Do you know what I mean? 273 00:15:02,920 --> 00:15:05,840 Like it was, it is like when people say what do you want to 274 00:15:05,840 --> 00:15:09,280 own for ETH beta, then you probably say Pepe and Pepe's 275 00:15:09,280 --> 00:15:13,400 done OK, but ET just only ETH itself has actually beaten Pepe. 276 00:15:15,480 --> 00:15:19,320 Interesting, I hadn't really looked at them both side by 277 00:15:19,320 --> 00:15:22,720 side. It really reminds me of when we 278 00:15:22,720 --> 00:15:26,320 all thought Solana was about to go to 200 or like 250 and 279 00:15:26,320 --> 00:15:28,840 everyone bought all the beaters. And then you end up just like 280 00:15:28,840 --> 00:15:32,200 fighting it out on these beaters because there's not enough new 281 00:15:32,200 --> 00:15:35,200 people coming in to buy those. Whereas ETH is the institutional 282 00:15:35,200 --> 00:15:37,960 1. You know, like this is a bad, 283 00:15:37,960 --> 00:15:40,600 maybe a bad analogy, but it's like it's sometimes it's like 284 00:15:41,400 --> 00:15:44,840 owning runes because you think Bitcoin is, is the trade, you 285 00:15:44,840 --> 00:15:47,680 know, like sometimes just own a bit of Bitcoin. 286 00:15:49,000 --> 00:15:52,600 You know, we're so obsessed with getting the 10X that we might 287 00:15:52,600 --> 00:15:55,240 just miss the 2X and much bigger size that you can probably put 288 00:15:55,240 --> 00:16:00,320 on. And that's kind of my thought a 289 00:16:00,360 --> 00:16:02,880 little bit here. It makes sense. 290 00:16:02,880 --> 00:16:05,560 I feel like one difference between like the Solana run up 291 00:16:05,560 --> 00:16:08,960 last year. I think people held Seoul and 292 00:16:08,960 --> 00:16:12,520 certainly people went out the reserve and traded soul memes 293 00:16:12,640 --> 00:16:16,600 and got sold beta. But I'd say a lot of my friends 294 00:16:16,600 --> 00:16:19,160 in in my train circles were holding Solana bags. 295 00:16:21,160 --> 00:16:25,080 I don't I don't have those friends holding ETH bags right 296 00:16:25,080 --> 00:16:27,280 now other than you. You've been kind of pounding the 297 00:16:27,280 --> 00:16:31,600 table on here for a little while, but not many others. 298 00:16:31,600 --> 00:16:33,960 Maybe stats. I think stats has been holding 299 00:16:33,960 --> 00:16:39,320 his ETH for for for quite some. The difference is think is is 300 00:16:39,320 --> 00:16:41,880 your buddy holding ETH and and others. 301 00:16:42,640 --> 00:16:47,280 That's the difference here. I'm not even that, but I don't, 302 00:16:47,680 --> 00:16:51,600 I don't really use ETH like as a thing, right? 303 00:16:55,160 --> 00:17:01,600 I much prefer using Solana and part of that is to stay a, a 304 00:17:01,600 --> 00:17:04,960 phantom thing, right? But it's I'll just prefer it as 305 00:17:04,960 --> 00:17:07,680 a chain whenever I'm doing any payments or like just everything 306 00:17:07,680 --> 00:17:10,640 about it, I prefer. But I do think ETH has just got 307 00:17:10,640 --> 00:17:13,359 the narrative right now. And if you're going to talk, if 308 00:17:13,359 --> 00:17:15,160 you think about what everyone's bullish on right now, it's 309 00:17:15,200 --> 00:17:17,400 institutions, institutions coming in. 310 00:17:17,400 --> 00:17:21,599 ETH feels very like it's built for these sort of like 311 00:17:21,640 --> 00:17:23,560 institutions. You're going to come in and put 312 00:17:23,560 --> 00:17:27,720 on like 500 million of treasuries or like they're going 313 00:17:28,119 --> 00:17:29,360 to. It just feels like it's built 314 00:17:29,360 --> 00:17:34,400 for that. Well, there's two factors. 315 00:17:34,400 --> 00:17:36,840 One, there's the yield component, which is just an 316 00:17:36,840 --> 00:17:42,240 obvious, the other is the Joe Lubin, we're building the world 317 00:17:42,240 --> 00:17:45,880 computer, the alternative to traditional finance. 318 00:17:46,760 --> 00:17:51,320 And that narrative was what that was loud in 2021, like when I 319 00:17:51,320 --> 00:17:54,920 was kind of really first entering the space and, and 320 00:17:54,920 --> 00:17:57,640 learning about these majors and what the difference. 321 00:18:00,160 --> 00:18:02,680 And it was like digital oil and none of us really understood 322 00:18:02,680 --> 00:18:07,960 what digital oil meant. But I think the setup and the 323 00:18:08,000 --> 00:18:10,320 price action starts going back positive. 324 00:18:10,840 --> 00:18:13,360 The narrative for the world computer becomes stronger as 325 00:18:13,360 --> 00:18:15,760 well. That coupled with the foundation 326 00:18:16,280 --> 00:18:18,600 starting to to pivot a bit their focus as well. 327 00:18:18,600 --> 00:18:21,920 Logan, I think you're you're not in your head for your thoughts 328 00:18:21,920 --> 00:18:25,320 on all this. Yeah, I think it's difficult, at 329 00:18:25,320 --> 00:18:28,520 least from my perspective and I'm not like actively acquiring 330 00:18:28,520 --> 00:18:30,440 or trading ETH at this point in time. 331 00:18:30,440 --> 00:18:36,080 But from the just my objective observations of headlines and 332 00:18:36,080 --> 00:18:39,200 such from the last few weeks, it's difficult not to have some 333 00:18:39,200 --> 00:18:42,160 level of optimism around ETH at present time. 334 00:18:42,160 --> 00:18:43,880 You mentioned the Joe Lubin interview alone. 335 00:18:43,920 --> 00:18:46,280 I got to write an article about that and listen into your 336 00:18:46,800 --> 00:18:49,560 interview in depth. That's that's a tough one to 337 00:18:49,560 --> 00:18:51,800 walk away and not feel super bullish on. 338 00:18:52,400 --> 00:18:55,920 You know, and, and no one or very few people right would have 339 00:18:55,920 --> 00:19:00,160 better insight into the future of Ethereum both near term and 340 00:19:00,160 --> 00:19:02,280 long term than Lubin would of course, right. 341 00:19:03,240 --> 00:19:06,720 Couple that with as you've noted here Mando, the institutional 342 00:19:07,160 --> 00:19:10,960 interest, you know, analysts from Bernstein and etcetera are 343 00:19:11,000 --> 00:19:14,040 you know are talking about that as well as just pointing to the 344 00:19:14,040 --> 00:19:17,840 fact that some of the some of that interest is people looking 345 00:19:17,840 --> 00:19:22,520 to actual activity on these networks and seeing their 346 00:19:22,520 --> 00:19:25,440 underlying token. When we talk about playing betas 347 00:19:25,440 --> 00:19:28,480 versus not playing betas, seeing the underlying token as things 348 00:19:28,480 --> 00:19:32,040 that are perhaps undervalued. That was something that was 349 00:19:32,040 --> 00:19:34,640 highlighted in the Bernstein note from you know, mid-May or 350 00:19:34,640 --> 00:19:36,880 something like that. That just kind of stuck with me. 351 00:19:37,320 --> 00:19:40,880 You know, stablecoin interest, defy interest, whatever the case 352 00:19:40,880 --> 00:19:44,240 may be. Etherium has the rails and is, 353 00:19:44,520 --> 00:19:47,840 you know, world computer electricity, Lubin said like 3 354 00:19:47,840 --> 00:19:49,800 or 4 different things, right? Like it, it's kind of like all 355 00:19:49,800 --> 00:19:52,760 of those things, or at least has the opportunity to be all those 356 00:19:52,760 --> 00:19:56,200 things. And if you want just an easy way 357 00:19:56,200 --> 00:19:59,480 to gain access to it, you buy ETH, right? 358 00:19:59,480 --> 00:20:02,000 You buy Ether, the token versus all those different betas. 359 00:20:02,000 --> 00:20:05,560 And so, yeah, I mean, I said, I think I'm kicking myself a 360 00:20:05,560 --> 00:20:08,440 little bit in the last few weeks by not even just starting a 361 00:20:08,440 --> 00:20:12,680 small DCA into it. It still feels kind of like 362 00:20:12,680 --> 00:20:15,200 that, not to be super cliche, but that like beach ball 363 00:20:15,200 --> 00:20:18,160 underwater thing. I think everybody else got their 364 00:20:18,160 --> 00:20:21,320 time to shine, right. Solana had its, Bitcoin has had 365 00:20:21,320 --> 00:20:25,080 its, but like Ethereum still feels like it's, it's probably 366 00:20:25,080 --> 00:20:29,240 due a not financial advice, but it's it's probably due like a 367 00:20:29,320 --> 00:20:32,080 little bit of a, you know, time in the spotlight. 368 00:20:32,080 --> 00:20:34,000 I don't think it's really gotten that just yet. 369 00:20:35,560 --> 00:20:39,600 It's hard to believe in some capacity that December 8th, 8th 370 00:20:39,600 --> 00:20:42,720 was 4000. I don't remember what that what. 371 00:20:42,960 --> 00:20:44,280 That Yeah. Crazy, right? 372 00:20:46,440 --> 00:20:47,680 And would it be crazy? You can. 373 00:20:47,840 --> 00:20:52,200 Run a long way and and and not be overbought, you know? 374 00:20:52,200 --> 00:20:55,160 Yeah. Like it wouldn't, yeah, if, if 375 00:20:55,160 --> 00:20:57,760 we're doing the show in two months and it's the 4K, like it 376 00:20:57,760 --> 00:21:00,640 wouldn't, it wouldn't shock me, right, If you told me that's a 377 00:21:00,640 --> 00:21:02,000 scenario that's on the table here. 378 00:21:02,360 --> 00:21:05,280 Yeah, but that still feels, I mean, it feels a little silly 379 00:21:05,280 --> 00:21:08,680 that like only four K, you know what I mean? 380 00:21:08,680 --> 00:21:10,880 Like that's what the way that I'm internalizing that when you 381 00:21:10,880 --> 00:21:14,280 say ETH is 4K just because it's it's been there, done that 382 00:21:14,280 --> 00:21:17,080 before, you know what I mean? But we're still like 4800, the 383 00:21:17,080 --> 00:21:20,840 all time high. Some of the analysts are 384 00:21:20,840 --> 00:21:23,440 projecting, you know, anywhere between 4:00 to 5K here. 385 00:21:23,440 --> 00:21:26,320 Arthur Hayes has something similar as well, 4 to 5K by the 386 00:21:26,320 --> 00:21:29,200 end of the year. Like it's not shocking, but at 387 00:21:29,200 --> 00:21:32,560 the same time it's not even it doesn't even give you that like 388 00:21:32,560 --> 00:21:35,280 the the shine just because it's it's already happened. 389 00:21:35,280 --> 00:21:39,400 It's kind of boring for it to be a 4K, even if that is like, you 390 00:21:39,640 --> 00:21:43,000 know, a huge move from here. It's like a 50% move up. 391 00:21:43,320 --> 00:21:45,120 It's a 50% move up. That's a really good way to put 392 00:21:45,120 --> 00:21:47,480 it. I think like Bitcoin moving 50% 393 00:21:47,520 --> 00:21:54,920 right now takes it to 100 and or 100 and 60 KA 150. 394 00:21:55,240 --> 00:22:01,480 Yeah, like that's, that feels more more difficult to me than 395 00:22:01,480 --> 00:22:05,240 it's going to 4K, right? When's Bitcoin going to 165 K? 396 00:22:07,240 --> 00:22:10,600 This year. If it does, I think it could go 397 00:22:10,600 --> 00:22:14,640 a lot higher like I think it could go to to 4K in the next in 398 00:22:14,760 --> 00:22:17,680 by the end of this this summer. Basically it could, it could do 399 00:22:17,680 --> 00:22:21,880 it by yeah, I think over the next couple of months basically 400 00:22:21,880 --> 00:22:25,120 I've. Been thinking about that a lot 401 00:22:25,200 --> 00:22:31,120 is if if Bitcoin does do the run to 150 a 160 where does ETH go? 402 00:22:31,120 --> 00:22:36,120 I mean 4000 feels like the the base or maybe even the bear case 403 00:22:36,120 --> 00:22:39,040 there I I don't know. That would be bearish for ETH. 404 00:22:39,120 --> 00:22:41,600 It doesn't get hit 4K at that level right? 405 00:22:42,480 --> 00:22:44,120 Particularly now that it has narrative. 406 00:22:45,920 --> 00:22:47,880 Well, it would be bearish, but it would be basically holding 407 00:22:47,880 --> 00:22:50,440 the current ETH Bitcoin ratio, right? 408 00:22:51,080 --> 00:22:56,000 Yeah, 4 to the one. So you you would need that would 409 00:22:56,000 --> 00:22:59,520 be a them tracking in line just quickly. 410 00:22:59,520 --> 00:23:04,280 I want to go deeper down and we have CPI tomorrow. 411 00:23:04,280 --> 00:23:08,440 I think Wiz Wizzo Soho, one of the the louder bears on on the 412 00:23:08,440 --> 00:23:10,120 time. He's telling everyone to de risk 413 00:23:10,120 --> 00:23:14,320 in the CPI. You think we'll see wider DE 414 00:23:14,360 --> 00:23:20,680 risking? Can Wiz de risking more or can 415 00:23:20,680 --> 00:23:22,920 he? Do you want to have any risk or? 416 00:23:24,920 --> 00:23:27,080 I don't think you should be with the right points. 417 00:23:27,080 --> 00:23:29,120 I don't think you should be different in CPI. 418 00:23:29,120 --> 00:23:31,400 If you've been buying things, waiting for an old coin season, 419 00:23:31,400 --> 00:23:33,960 I think you have to really evaluate what you earn. 420 00:23:34,320 --> 00:23:37,000 I think runners will run. I don't think this is going to 421 00:23:37,000 --> 00:23:42,640 be the chance for you to get out or, or like there has to be a 422 00:23:42,640 --> 00:23:44,680 good narrative here for it to continue. 423 00:23:44,680 --> 00:23:49,080 I don't think it's going to be like it was in December or or 424 00:23:49,080 --> 00:23:51,160 November. I really don't this time. 425 00:23:51,600 --> 00:23:55,560 I think it's going to be bit more of a selective rally if, if 426 00:23:55,760 --> 00:23:58,600 this market felt like thousands of people coming in and asking 427 00:23:58,720 --> 00:24:01,760 me like, which coin should we owe like hitting the news, but 428 00:24:01,760 --> 00:24:04,200 it doesn't, it feels like we're hitting all time highs because 429 00:24:04,200 --> 00:24:09,120 of institutional adoption of Bitcoin and and potentially 430 00:24:09,200 --> 00:24:11,720 that's shifting a little bit more towards ETA as well. 431 00:24:12,160 --> 00:24:14,440 That's not a world where like your friends are asking you 432 00:24:14,440 --> 00:24:18,160 which altcoin is going to 10X and you've got to play that, 433 00:24:19,040 --> 00:24:21,400 that hand. You know, remember when when 434 00:24:21,480 --> 00:24:24,360 Bitcoin rallied because of all the ECF flows and we were like, 435 00:24:24,360 --> 00:24:25,760 what the Hell's happening to our altcoins? 436 00:24:26,240 --> 00:24:29,080 It's because there's no buyers of those and we were all sitting 437 00:24:29,080 --> 00:24:32,400 here waiting for altcoins season as Bitcoin rose and actually 438 00:24:32,400 --> 00:24:33,760 there's just no one coming in to buy them. 439 00:24:33,760 --> 00:24:36,560 We just put PvP ING it between ourselves and others went down 440 00:24:36,560 --> 00:24:38,880 during that period, continued to go down. 441 00:24:38,880 --> 00:24:42,320 I feel like it's a very similar sort of period here where, you 442 00:24:42,320 --> 00:24:45,040 know, I can see it for a man in minutes, like there's not 443 00:24:45,040 --> 00:24:47,680 hundreds of new subscribers coming in each day and wanting 444 00:24:47,680 --> 00:24:51,320 to read the news better, right? It's it's pretty flat lined for 445 00:24:51,320 --> 00:24:52,800 the for the last couple of months. 446 00:24:53,320 --> 00:24:57,560 And that that tells me that that this isn't a rally to like, go 447 00:24:57,560 --> 00:25:02,120 all in on some altcoin hype. Yeah, I think that's the right 448 00:25:02,120 --> 00:25:05,080 read. Well, before we leave this topic 449 00:25:05,080 --> 00:25:08,560 entirely, Logan Curse, did you have a chance to dig into Paul 450 00:25:08,560 --> 00:25:11,880 Hackman's comments yesterday and kind of why everyone's going to 451 00:25:11,880 --> 00:25:14,160 get up above that? The quick TLDR on this. 452 00:25:14,640 --> 00:25:18,440 Yeah, so I read the the remarks from Paul and there were some 453 00:25:18,440 --> 00:25:21,360 others from Commissioner Crenshaw as well that I think 454 00:25:21,360 --> 00:25:24,640 you can read through on sec.gov if if you're looking to see the 455 00:25:24,640 --> 00:25:26,800 full remarks. You know, to be quite honest, I 456 00:25:26,800 --> 00:25:29,920 didn't think anything that he said was super, you know, 457 00:25:29,920 --> 00:25:32,720 enlightening He. But as Mando noted before, he 458 00:25:32,720 --> 00:25:36,680 kind of gives you just the sense that like the previous regime 459 00:25:36,680 --> 00:25:41,360 was very hands on here and we're going to sort of let, you know, 460 00:25:41,360 --> 00:25:44,640 just let it be, you know, not, not in those words, of course, 461 00:25:44,640 --> 00:25:50,200 but it just, it makes it feel like the, you know, the 462 00:25:50,200 --> 00:25:54,400 regulatory stuff that previously hindered innovation, that 463 00:25:54,400 --> 00:25:57,560 previously scared people from trying new things or from 464 00:25:57,560 --> 00:26:00,440 whatever the case may be. Like those, those shackles are 465 00:26:00,440 --> 00:26:02,480 kind of off. I, I think at the very end, one 466 00:26:02,480 --> 00:26:05,040 of the things that stuck out to me is that there there's mention 467 00:26:05,040 --> 00:26:07,640 of like an innovation exemption and things like that. 468 00:26:07,800 --> 00:26:12,240 That's just, that's exciting to me because you, you feel like 469 00:26:12,240 --> 00:26:14,160 these opportunities, particularly in the United 470 00:26:14,160 --> 00:26:17,120 States for a really long time have just been like, you know 471 00:26:17,120 --> 00:26:18,520 what? We can't really push the 472 00:26:18,520 --> 00:26:21,200 envelope too much because we don't want to bring on any 473 00:26:21,200 --> 00:26:25,200 scrutiny from anyone else. And with this administration and 474 00:26:25,200 --> 00:26:27,720 the, you know, the crypto task force and all, you know, Gensler 475 00:26:27,720 --> 00:26:32,800 being gone, it's just been like, hey, go out and see what happens 476 00:26:32,800 --> 00:26:35,400 and we'll evaluate when it happens, you know what I mean? 477 00:26:35,480 --> 00:26:37,200 And that that's sort of what I got from it. 478 00:26:37,200 --> 00:26:39,320 I know that of that innovation exemption right there at the 479 00:26:39,320 --> 00:26:42,120 top. I don't know what else to say. 480 00:26:42,800 --> 00:26:44,720 I encourage people to read it for themselves if they want to 481 00:26:44,720 --> 00:26:48,080 pull out specifics. To me, it just felt more of like 482 00:26:48,080 --> 00:26:50,920 kind of like a reassurance that like, you know, we are going to 483 00:26:50,920 --> 00:26:54,320 stay true to this path that's been we've been going down for 484 00:26:54,320 --> 00:26:56,920 the last few months, which is that, you know, you are OK to 485 00:26:56,920 --> 00:27:00,200 innovate, you are OK to try things, you are OK whatever, you 486 00:27:00,200 --> 00:27:03,560 know, doesn't mean crime season or anything like that hopefully. 487 00:27:03,560 --> 00:27:05,960 But it, you know, just means like people that want to 488 00:27:05,960 --> 00:27:09,440 actually build and create in this new financial ecosystem can 489 00:27:09,440 --> 00:27:13,080 do so without fear. Yeah. 490 00:27:13,080 --> 00:27:18,000 Tyler, can I ask you this because maybe I know what, what 491 00:27:18,000 --> 00:27:20,440 do you think happens next administration? 492 00:27:21,760 --> 00:27:25,040 Let's say the Democrats won. Let's say we get AOC coming in. 493 00:27:25,480 --> 00:27:28,440 President AOC, do you think all of this gets brought back? 494 00:27:30,160 --> 00:27:32,680 That's what kind of slightly worries me about this. 495 00:27:32,760 --> 00:27:37,280 Is it like I'm just although I'm super bullish about this whole 496 00:27:37,280 --> 00:27:40,400 Trump like that, that, you know, we're getting a lot going and go 497 00:27:40,400 --> 00:27:42,240 quite far. Do you think that like this 498 00:27:42,240 --> 00:27:44,680 could all backfire when it comes to like the next presidency that 499 00:27:44,680 --> 00:27:47,000 like they actually come down very heavy-handed because of 500 00:27:47,600 --> 00:27:51,960 like maybe some of the perceived grifting that's gone on and I'm 501 00:27:53,080 --> 00:27:54,680 this whole like reassuring of crypto in the US. 502 00:27:54,680 --> 00:27:57,720 Is it just, is this just going to change in 2020, whatever it 503 00:27:57,720 --> 00:28:02,440 is, 20/20/29? Is it next election or next 504 00:28:02,600 --> 00:28:05,520 president? I'd say it's been one of my 505 00:28:05,520 --> 00:28:10,160 bigger concerns, especially with the the Trump family going 506 00:28:10,160 --> 00:28:14,280 deeper and deeper. But what I will say is that if I 507 00:28:14,280 --> 00:28:20,560 had to put odds on, I'd put Democrat chances below 30%. 508 00:28:21,600 --> 00:28:22,200 Wow. OK, maybe. 509 00:28:23,040 --> 00:28:27,080 Maybe low below 25% so I I'm less concerned about it right 510 00:28:27,080 --> 00:28:29,920 now just because I don't see their path to victory. 511 00:28:31,520 --> 00:28:33,360 Yeah. There's a couple wild cards with 512 00:28:33,360 --> 00:28:35,960 if Elon spins up his own party, is that going to split the 513 00:28:35,960 --> 00:28:37,960 Republican base? Like, yeah, it's like that's 514 00:28:38,000 --> 00:28:41,200 something. But Democratic leaders pretty 515 00:28:41,200 --> 00:28:42,960 terrible right now. They they haven't really, they 516 00:28:43,400 --> 00:28:47,120 don't have much of A platform. You know, what they're doing 517 00:28:47,120 --> 00:28:50,840 with with the the migrant riots, I think is, is not even being 518 00:28:50,840 --> 00:28:55,280 very well received. I'm not concerned about. 519 00:28:55,280 --> 00:28:58,000 But in this scenario where they do win, I think it's a very real 520 00:28:59,800 --> 00:29:02,320 risk. Always supposed than you think 521 00:29:02,320 --> 00:29:07,360 these elections right so. Yeah, One thing I like to think 522 00:29:07,360 --> 00:29:10,000 about, Tyler, not to cut you off if you're forming a thought, 523 00:29:10,000 --> 00:29:15,240 there is like how much money was spent by, you know, Coinbase and 524 00:29:15,240 --> 00:29:19,880 others right in lobbying. And that was across political 525 00:29:19,880 --> 00:29:23,320 lines, you know, not just not just red, but blue as well. 526 00:29:23,320 --> 00:29:26,760 So, you know, hopefully four years, the Trump stuff is the 527 00:29:26,760 --> 00:29:30,600 scariest part of the Trump personal enrichment is the 528 00:29:30,600 --> 00:29:33,600 scariest part for me. But perhaps in four years with 529 00:29:33,600 --> 00:29:37,840 like actual regulatory frameworks that seem fair and 530 00:29:37,840 --> 00:29:41,960 reasonable and maybe not so much additional grifting if we can do 531 00:29:41,960 --> 00:29:44,040 that, because it's only been, it hasn't even been a year. 532 00:29:44,040 --> 00:29:48,240 It's been a lot, you know, my hope is that perhaps both 533 00:29:48,240 --> 00:29:52,840 parties are a little more, you know, level headed about crypto 534 00:29:53,240 --> 00:29:56,920 and it's just, yeah, it's better adopted and I don't know. 535 00:29:56,960 --> 00:30:02,400 And then it becomes harder and less, I don't know, less desired 536 00:30:02,400 --> 00:30:04,800 to to get rid of. That's my hope. 537 00:30:04,920 --> 00:30:08,160 That's some hopeium. Another aspect is it, it feels 538 00:30:08,160 --> 00:30:13,600 like maybe up until 24, going after the crypto folks felt like 539 00:30:13,600 --> 00:30:16,160 a niche, like OK, we're going to be hard line stance against 540 00:30:16,160 --> 00:30:21,880 crypto still goes much more mainstream in the next 4 years. 541 00:30:22,560 --> 00:30:25,200 Now, if you're walking back the regulation, if you're going on 542 00:30:25,200 --> 00:30:30,360 attack, you're attacking a much wider group of people in the US 543 00:30:30,600 --> 00:30:32,240 and maybe that's much less appetizing. 544 00:30:33,520 --> 00:30:36,320 So I think it's a real risk. I think it's something that if 545 00:30:36,320 --> 00:30:39,640 we make big progress in the next 4 years, perhaps it we can take 546 00:30:39,640 --> 00:30:41,520 some of the risk off the table so. 547 00:30:43,120 --> 00:30:46,320 So you're just going to have to get so far in the next 4 years 548 00:30:46,480 --> 00:30:51,720 that it just doesn't reverse. Yeah, I just think that maybe 549 00:30:51,720 --> 00:30:55,040 even even in crypto, we should be kind of aware of this. 550 00:30:55,240 --> 00:31:00,160 Like the point I make is really just that we're sowing the seeds 551 00:31:00,160 --> 00:31:02,560 of the next bear market ahead of the election. 552 00:31:02,560 --> 00:31:07,640 If it's like, oh crap, we're going to get something like, I 553 00:31:07,640 --> 00:31:13,880 don't know if it's crime season and we get tokenization, which 554 00:31:13,880 --> 00:31:16,920 is, which is really just like securities and all this sort of 555 00:31:16,920 --> 00:31:18,080 stuff. Like, do you think it's going to 556 00:31:18,760 --> 00:31:23,400 in some ways it can really turn? Yeah, political shift and then 557 00:31:23,400 --> 00:31:25,600 all the corporate treasuries become. 558 00:31:25,640 --> 00:31:29,240 At the same time. Right, if that's the obvious 559 00:31:29,920 --> 00:31:34,200 their market pullback scenario that positions itself right now 560 00:31:35,960 --> 00:31:42,200 next to like the quantum computing FUD or concerns there. 561 00:31:42,440 --> 00:31:46,360 So very valid, definitely worth keeping in mind. 562 00:31:48,800 --> 00:31:52,160 I, I want to go now down the risk curve a little bit. 563 00:31:52,240 --> 00:31:55,160 Shouldn't won't be a huge surprise to, to a lot of our, 564 00:31:55,160 --> 00:31:57,080 our listeners there. So we've been talking about the 565 00:31:57,080 --> 00:32:03,360 bull case for ETH. If like what else is performing? 566 00:32:03,360 --> 00:32:07,080 I think Mando mentioned this unit swap up 25% huge move. 567 00:32:07,200 --> 00:32:11,560 Are they at 19%? So those are two leading movers 568 00:32:11,640 --> 00:32:15,680 in D5. We got to talk about SBX for a 569 00:32:15,680 --> 00:32:18,880 bit. I think it's become, I mean, 570 00:32:18,880 --> 00:32:20,960 Pepe is the number one meme on ETH. 571 00:32:22,400 --> 00:32:28,000 It's at what 5 1/2 billion? But SPX is, I mean, it's all 572 00:32:28,000 --> 00:32:31,960 time high waiting room is open and electric right now. 573 00:32:32,040 --> 00:32:34,320 It it's less than 10% off all time highs. 574 00:32:34,320 --> 00:32:36,960 I believe we're right in that range. 575 00:32:37,520 --> 00:32:39,120 And I mean, it's it's going parabolic. 576 00:32:39,120 --> 00:32:41,560 It doesn't look like it's going to slow down. 577 00:32:42,200 --> 00:32:44,920 It's got half the holders of fartcoin. 578 00:32:47,040 --> 00:32:51,520 Well, actually I take that back holder scan has it that 78,000, 579 00:32:51,520 --> 00:32:55,560 but I didn't that actually might be I'm not sure if that's across 580 00:32:55,560 --> 00:32:58,080 chains, so I'll have to to look into that. 581 00:32:58,080 --> 00:33:02,040 But I guess where I was going is it doesn't feel like nearly as 582 00:33:02,040 --> 00:33:06,680 crowded of a trade or as public of a trade as far coin does 583 00:33:06,960 --> 00:33:10,120 right now. I agree this is a pain trade. 584 00:33:11,160 --> 00:33:15,120 I actually genuinely believe that like this going higher, 585 00:33:15,880 --> 00:33:19,200 people will be like crap, like I bought the wrong one. 586 00:33:19,200 --> 00:33:22,640 Like no one's no one really. Like it's a it's very much still 587 00:33:22,640 --> 00:33:27,280 a clique FBX, right? It's not like, Oh, we all love 588 00:33:27,280 --> 00:33:31,040 this is the funnest thing ever. Like it's just Murad and then 589 00:33:31,480 --> 00:33:35,040 some counts where I just kind of like who are literally insane 590 00:33:35,040 --> 00:33:37,000 about it. Like they will talk bull post 591 00:33:37,000 --> 00:33:39,200 everything, but they're not like mainstream accounts. 592 00:33:40,240 --> 00:33:43,200 It's very much like just a community that loves SBX. 593 00:33:44,480 --> 00:33:47,800 This is a prime like that was a good trait like this going high 594 00:33:47,800 --> 00:33:49,360 is a pain trade. And the same way that ETH going 595 00:33:49,360 --> 00:33:52,040 high is a pain trade versus Saul, I think this is a pain 596 00:33:52,040 --> 00:33:57,760 trade versus Morgan Pepe. Right, I like these coins. 597 00:33:59,680 --> 00:34:03,280 I don't own any, but I, I, I really do like the sort of like 598 00:34:03,280 --> 00:34:06,640 the movement coins, the sort of get behind the house coin, 599 00:34:06,640 --> 00:34:08,080 flipping the housing market and stuff. 600 00:34:08,280 --> 00:34:10,600 I mean, it's just really difficult to create the like the 601 00:34:10,600 --> 00:34:15,000 type of community that's lasting enough to get behind the thing, 602 00:34:15,199 --> 00:34:17,920 you know, for more than like a week or two, right? 603 00:34:17,920 --> 00:34:20,600 Just cause the metas are so fast, like flipping the housing 604 00:34:20,600 --> 00:34:22,920 market. That's fun, but like you can't 605 00:34:22,920 --> 00:34:26,760 just keep that up. They've kept it up, even if it 606 00:34:26,760 --> 00:34:29,639 is just Maraud and like two other people or whatever, like 607 00:34:29,639 --> 00:34:32,080 they they've certainly kept up this, hey, we're going to flip 608 00:34:32,080 --> 00:34:34,719 the stock market thing and I think people can get behind 609 00:34:34,719 --> 00:34:36,719 that. And this is, you know, the price 610 00:34:36,719 --> 00:34:38,880 movement here recently is definitely evidence of that in 611 00:34:38,880 --> 00:34:42,400 some way or another. So I'm I'm rooting for it. 612 00:34:42,400 --> 00:34:45,880 I don't own any. I sort of like the Maraud is 613 00:34:45,880 --> 00:34:49,440 right stuff that's, you know, percolating on my feet a little 614 00:34:49,440 --> 00:34:50,920 bit. There's now a Maraud. 615 00:34:51,159 --> 00:34:55,120 You know you were building out your list by hand, Tyler before 616 00:34:55,120 --> 00:34:57,400 on Deck Screener. There's now a Marauds Picks 617 00:34:57,400 --> 00:34:59,760 category on Coin Gecko. Oh yeah. 618 00:35:00,080 --> 00:35:02,520 Yeah, you can see them all in one spot on Coin Gecko. 619 00:35:02,520 --> 00:35:07,280 So good for good for holders. It's still something that's kind 620 00:35:07,280 --> 00:35:09,200 of like I'm interested in potentially owning it. 621 00:35:09,200 --> 00:35:12,440 I don't know anything at this point in time, but I can totally 622 00:35:12,440 --> 00:35:15,320 get behind the coins that sort of feel like they have some 623 00:35:15,320 --> 00:35:18,320 level of purpose. I think that might be easier to 624 00:35:18,320 --> 00:35:22,120 drag new people in than just pure meme the the purpose coins 625 00:35:22,120 --> 00:35:25,720 if you want to call them that. Yeah, I think that makes some 626 00:35:25,720 --> 00:35:28,680 sense. There is now a pretty wide gap 627 00:35:28,680 --> 00:35:32,000 between SPX and the other movers on that Maraud list. 628 00:35:32,000 --> 00:35:34,520 I think the last time when SPX was at all time high previously 629 00:35:34,520 --> 00:35:38,320 MOG was also over a billion. So Mog's hanging out in 2nd at 630 00:35:38,320 --> 00:35:45,480 4:30, pop Cats at 380, Gigas at 2:40, and the rest of the list 631 00:35:45,480 --> 00:35:48,720 has been pretty underperforming. Has he abandoned these other 632 00:35:48,720 --> 00:35:51,000 ones? I don't see many of his tweets, 633 00:35:51,000 --> 00:35:53,720 but the ones I do see are only about SPX. 634 00:35:55,080 --> 00:35:59,440 That's a good question. I see much less chatter about 635 00:35:59,440 --> 00:36:03,560 the overall Mirage list than just SPX. 636 00:36:04,000 --> 00:36:07,480 So it does feel like perhaps he's a little bit less on those 637 00:36:07,480 --> 00:36:08,920 and it feels like some of these other ones. 638 00:36:10,040 --> 00:36:15,160 I don't really see the Retardio buzzword was everywhere last 639 00:36:15,160 --> 00:36:17,080 year, right? Like I feel like I don't see it 640 00:36:17,440 --> 00:36:19,400 lock in. It's kind of not not really said 641 00:36:19,400 --> 00:36:23,480 nearly as much as it was. I still feel like giga is a 642 00:36:23,480 --> 00:36:26,760 strong one on this list, but these middle range ones like 643 00:36:26,760 --> 00:36:33,000 ticker Bitcoin, it's hard to get behind like a 3X on that a poo. 644 00:36:33,680 --> 00:36:36,800 So the the rest of this list feeling a little bit weaker. 645 00:36:36,800 --> 00:36:40,120 I think mog is still going to be mog still got K money behind it. 646 00:36:41,040 --> 00:36:44,280 If it starts to move, everyone's going to start to rally behind 647 00:36:44,280 --> 00:36:47,800 that definitely, but I I don't know if it's going to be the 648 00:36:47,800 --> 00:36:50,880 whole Murad list moving this time around like it it was a 649 00:36:50,880 --> 00:36:52,360 lot. I mean we're already seeing that 650 00:36:52,360 --> 00:36:54,520 with SBX basically at all time highs. 651 00:36:55,160 --> 00:36:56,800 Some of the other movers. We talked about this a little 652 00:36:56,800 --> 00:37:00,080 bit at the open, but man, hype has been incredibly strong. 653 00:37:00,080 --> 00:37:04,000 There was a pretty large cell wall at 40 and it smashed right 654 00:37:04,000 --> 00:37:06,480 through it. It was at 4150 earlier today. 655 00:37:06,480 --> 00:37:11,840 It's pulling back a bit now and I'm seeing louder and louder 656 00:37:11,840 --> 00:37:18,640 cries for like the move to 100 or the move to 400 which would 657 00:37:18,640 --> 00:37:22,800 put this thing at like Ethereum market cap if if the. 658 00:37:22,800 --> 00:37:25,720 Move to 400. Did you say the move to 400? 659 00:37:26,520 --> 00:37:32,400 Yeah, 4/4 to 40 was the IT was the early move. 40 to 400 is the 660 00:37:32,400 --> 00:37:35,040 next move. So that would put it at a $400 661 00:37:35,040 --> 00:37:40,360 billion FTV, which is bigger than Ethereum right now. 662 00:37:40,960 --> 00:37:42,560 Logan, have you been falling the hype trade? 663 00:37:42,560 --> 00:37:46,160 Did you play in this much? Yeah, I mean, I'm still holding 664 00:37:46,920 --> 00:37:50,760 not the entire bag. I offloaded a little bit, some 665 00:37:50,760 --> 00:37:53,400 for tax loss harvesting or whatever. 666 00:37:53,480 --> 00:37:57,880 I don't even remember not holding as much as I wish I 667 00:37:57,880 --> 00:38:00,560 would. I'm not like playing around in 668 00:38:00,560 --> 00:38:02,600 hyper EDM or stuff. I feel like that's something 669 00:38:02,600 --> 00:38:06,040 that maybe I'll kick myself. It's just difficult with like 670 00:38:06,280 --> 00:38:10,200 summer being around and other things going on to dedicate 671 00:38:10,200 --> 00:38:11,640 myself. Otherwise, I'm just kind of 672 00:38:11,640 --> 00:38:14,240 enjoying price go up alongside others. 673 00:38:15,400 --> 00:38:18,360 It does feel, Mendo said it earlier. 674 00:38:18,360 --> 00:38:21,520 I mean it like it felt like this was one of those coins. 675 00:38:21,520 --> 00:38:24,600 If things are going to go up, this kind of felt like one of 676 00:38:24,600 --> 00:38:26,680 them. Same thing with Far Coin. 677 00:38:26,680 --> 00:38:30,000 And there's a handful of others that you can sort of, I don't 678 00:38:30,000 --> 00:38:32,880 know, just feels like there's some level of safety here built 679 00:38:32,880 --> 00:38:35,960 in. So yeah, I don't have too much 680 00:38:35,960 --> 00:38:38,560 to say other than I mean, it just feels, it feels like a 681 00:38:38,560 --> 00:38:41,760 winner. Often times previous versions of 682 00:38:41,760 --> 00:38:45,320 myself would just kind of like, you know, either I missed it or 683 00:38:45,320 --> 00:38:46,680 whatever. Like not pay too close 684 00:38:46,680 --> 00:38:48,640 attention. I'm trying to be better about 685 00:38:48,640 --> 00:38:52,160 letting winners win, you know, and the same thing goes for like 686 00:38:52,160 --> 00:38:54,360 the Defy coins or anything like that. 687 00:38:55,520 --> 00:38:58,080 I think you just, you know, you just kind of focus on on the 688 00:38:58,080 --> 00:38:59,880 winners that have established themselves thus far. 689 00:38:59,880 --> 00:39:01,720 And you don't need to. You don't need to get too cute. 690 00:39:03,000 --> 00:39:06,040 It's definitely a FOMO. I think Max paying higher trade 691 00:39:06,040 --> 00:39:13,920 a bit as well, at least for me, just because you see so many 692 00:39:13,920 --> 00:39:16,280 folks talking about. So every time it it pumps 5 693 00:39:16,280 --> 00:39:20,000 percent 10% you've got the whole timeline celebrating the new 694 00:39:20,000 --> 00:39:23,400 hype all time high. It feels somewhat safish, or at 695 00:39:23,400 --> 00:39:24,880 least it has. I mean, even these last two 696 00:39:24,880 --> 00:39:27,080 dips, right they're. More crowded. 697 00:39:27,880 --> 00:39:29,800 That's the one right about it. It's it's definitely more 698 00:39:29,800 --> 00:39:32,200 crowded at this stage. But I do think that the buybacks 699 00:39:33,640 --> 00:39:36,240 are good versus the current market cap. 700 00:39:37,120 --> 00:39:40,520 Yeah, they're good. I wanted to share the tweet that 701 00:39:40,520 --> 00:39:42,480 I did earlier because I I actually put that before we went 702 00:39:42,480 --> 00:39:45,400 live. I shared my screen. 703 00:39:45,400 --> 00:39:53,760 I see can we do that? There we go. 704 00:39:55,280 --> 00:39:57,640 So I just put how about etherizing isn't all concerned. 705 00:39:57,960 --> 00:40:03,240 We have don't say that again. It ain't a parasite salon If he 706 00:40:03,240 --> 00:40:05,320 runs all like everyone just hates this. 707 00:40:09,520 --> 00:40:13,840 Isn't that just hilarious? Yeah, for what it's worth that 708 00:40:13,840 --> 00:40:16,440 again, think what you will of Arthur Hayes, but that is 709 00:40:16,440 --> 00:40:18,640 basically that was sort of his rationale. 710 00:40:18,760 --> 00:40:21,480 He spoke to one of the members of our team at the crypt at 711 00:40:21,480 --> 00:40:25,400 Bitcoin Las Vegas or whatever and said that it's the most 712 00:40:25,400 --> 00:40:27,720 hated L1. And when you know, you see a a 713 00:40:27,920 --> 00:40:31,760 cycle turn a little, you want to be in the most hated asset. 714 00:40:31,840 --> 00:40:34,240 That would be ether. I I, I tend to agree. 715 00:40:34,240 --> 00:40:36,840 I mean, it is. I can't think of anything else 716 00:40:36,840 --> 00:40:39,120 people hate more at this point in time than ETH. 717 00:40:39,280 --> 00:40:43,760 But those replies are hilarious to me like that. 718 00:40:43,840 --> 00:40:46,000 That tells you that there can be a lot of pain here. 719 00:40:49,120 --> 00:40:52,240 I agree. I also just think like every 720 00:40:52,280 --> 00:40:55,560 like people are like misinterpreting all season a 721 00:40:55,920 --> 00:40:58,520 bit. Like I don't think there's a 722 00:40:58,520 --> 00:41:01,720 world where just ETH runs and like literally nothing else 723 00:41:01,720 --> 00:41:03,680 runs, right? I think kind of like what you've 724 00:41:03,680 --> 00:41:06,160 been pointing out is that there will be pockets about 725 00:41:06,160 --> 00:41:09,760 performance, but don't expect like all the L ones to go up 726 00:41:10,440 --> 00:41:16,000 just because I still think that there's going to be like right 727 00:41:16,480 --> 00:41:23,160 1010 big movers on the board in that scenario. 728 00:41:23,160 --> 00:41:26,200 I don't know, maybe maybe that's my hoping I'm showing through. 729 00:41:29,960 --> 00:41:32,760 It's hard for me to see just like a pure ether rally where 730 00:41:32,760 --> 00:41:36,000 where nothing else does, but we'll see maybe I'll I'll throw 731 00:41:36,000 --> 00:41:41,040 my comments in there and add to the to to all the responses on 732 00:41:41,040 --> 00:41:41,480 this. It's. 733 00:41:41,560 --> 00:41:43,920 Funny, me and Obie have been going like a little bit, not 734 00:41:43,920 --> 00:41:45,840 back and forth, but like we've been debating this a lot in the 735 00:41:46,160 --> 00:41:49,360 in the in the back. And then I realized that 3030 736 00:41:49,360 --> 00:41:52,520 minutes before he'd put out a tweet being like, I believe in 737 00:41:52,520 --> 00:41:54,160 all point season. So it looks like he just called 738 00:41:54,160 --> 00:41:56,440 him out on the timeline, which is pretty funny. 739 00:41:57,080 --> 00:42:01,920 That's perfect. Well, a quick shout out to to 740 00:42:01,920 --> 00:42:05,640 Obie and the the wrecked crew got to touch on this at least 741 00:42:05,640 --> 00:42:07,000 briefly today. How about that? 742 00:42:08,120 --> 00:42:12,640 Rather, there's no top. There is no top this week. 743 00:42:13,040 --> 00:42:17,000 Discovery. This week there's always stuff 744 00:42:17,000 --> 00:42:18,480 for these guys. They've crushing it. 745 00:42:20,240 --> 00:42:22,640 I'm going to kind of group chat with tabs and no SF. 746 00:42:22,640 --> 00:42:24,600 And each week that is like, Oh my God, we got this. 747 00:42:24,600 --> 00:42:28,600 We got this. Definitely. 748 00:42:28,600 --> 00:42:30,440 Definitely a good time to be a rectal though. 749 00:42:31,560 --> 00:42:33,160 Tyler, have you had the blue one too? 750 00:42:33,880 --> 00:42:36,400 Shipwrecked. And my my case is on the way. 751 00:42:36,400 --> 00:42:38,520 I just got the. E-mail lucky, I know. 752 00:42:39,000 --> 00:42:41,440 Hopefully today or tomorrow. Cool. 753 00:42:41,880 --> 00:42:43,680 I'm excited to try that one, I've heard it's the best. 754 00:42:44,280 --> 00:42:47,240 I know I missed the IT sold out. I don't know what was happening 755 00:42:47,240 --> 00:42:51,400 but I both I just like somehow missed the the apple in this 756 00:42:51,400 --> 00:42:54,720 last one work. Dumb. 757 00:42:55,040 --> 00:42:58,360 I'm I'm going to call you out on that briefly because I was 758 00:42:58,360 --> 00:43:03,000 hosting a show when that the shipwreck launch went live and I 759 00:43:03,000 --> 00:43:04,600 still was able to move. Where was I? 760 00:43:04,600 --> 00:43:06,640 I I must have been doing something. 761 00:43:06,640 --> 00:43:07,440 I don't know. Yeah. 762 00:43:07,560 --> 00:43:09,080 It's not an excuse. Not a good excuse. 763 00:43:09,120 --> 00:43:11,800 Quickly I think it sold out in like, I don't know if man knows 764 00:43:11,800 --> 00:43:14,160 the exacts but yeah. It was 17 minutes. 765 00:43:14,160 --> 00:43:15,400 You had to know it was happening. 766 00:43:15,960 --> 00:43:19,840 Yeah, not, not a not a good excuse from my end, but I'm 767 00:43:19,840 --> 00:43:23,120 eager to try the other flavors because I enjoyed the liquidated 768 00:43:23,120 --> 00:43:26,720 lime and I've been reckless for a while now, so. 769 00:43:27,360 --> 00:43:30,160 Well, I'll, I'll save you some for your Chicagoland trip. 770 00:43:30,760 --> 00:43:32,600 Yeah. And hopefully in about a month 771 00:43:32,800 --> 00:43:34,920 I'll be out there, yeah. You're going to Chicago. 772 00:43:36,280 --> 00:43:39,760 Yeah, it's been a while since I've been I, I, I like a good 773 00:43:39,760 --> 00:43:42,240 Chicago summer day, so. Nice. 774 00:43:42,600 --> 00:43:44,360 So you're doing a Are you going to meet Tyler? 775 00:43:44,440 --> 00:43:48,480 Are you going out for drinks? Hopefully, hopefully he can 776 00:43:48,480 --> 00:43:50,560 spare some time away from the charts for me. 777 00:43:50,560 --> 00:43:52,600 We'll see what's happening at that point. 778 00:43:52,600 --> 00:43:54,760 No one. No one works harder than Tyler. 779 00:43:54,880 --> 00:43:58,000 No one. We'll, we'll see how busy alt 780 00:43:58,000 --> 00:43:59,920 season. If Mano's right and it's just 781 00:43:59,920 --> 00:44:02,080 eats pumping, I'm just going to be I'll have a lot of free time 782 00:44:02,080 --> 00:44:05,280 on my hands. I don't think it's just eats to 783 00:44:05,280 --> 00:44:07,400 be clear, but I just think they don't think it's going to be a 784 00:44:07,400 --> 00:44:09,680 broad based all coin season. I just think Bitcoin dominance 785 00:44:09,680 --> 00:44:13,200 can come down and the big winner is like eats plus high plus 786 00:44:13,200 --> 00:44:15,400 maybe. Are they a couple of others? 787 00:44:15,400 --> 00:44:19,560 But like, I don't think this is Axrp Sui soul. 788 00:44:19,640 --> 00:44:22,240 Everything just fucking goes. I don't think it's like that 789 00:44:22,280 --> 00:44:23,480 this time. I really don't. 790 00:44:24,080 --> 00:44:26,600 Yeah, And I, for the record, I do agree with you there. 791 00:44:26,600 --> 00:44:30,400 I think there's going to be another likely winner this 792 00:44:30,400 --> 00:44:33,920 summer. And that is our our beloved fart 793 00:44:33,920 --> 00:44:37,320 coin, which I woke up and it was over $1.30 this morning, which 794 00:44:37,320 --> 00:44:41,080 was quite lovely to see. It was a pretty, I mean in 795 00:44:41,080 --> 00:44:42,960 hindsight this was a big pullback. 796 00:44:43,960 --> 00:44:47,880 I get like $1.60 dollar 65 went all the way down to like the end 797 00:44:47,880 --> 00:44:51,920 of the 80s. So basically a full 50% after 798 00:44:51,920 --> 00:44:55,600 just a a massive run shook out a lot of folks. 799 00:44:56,800 --> 00:45:00,560 Now back to $1.25 chart looks great again. 800 00:45:00,560 --> 00:45:03,440 We got Coinbase perps coming Thursday. 801 00:45:03,680 --> 00:45:06,880 We think spot probably coming along with that, but we don't 802 00:45:06,880 --> 00:45:11,560 know and still Robin Hood and Finance spot listings on the 803 00:45:11,560 --> 00:45:13,000 table. So it's a nice set up. 804 00:45:13,720 --> 00:45:18,080 I think this one is going to continue to be a a strong horse 805 00:45:18,440 --> 00:45:22,800 this summer, especially if a Bitcoin follows that beloved M2 806 00:45:22,800 --> 00:45:25,200 chart. Another interesting token to to 807 00:45:25,200 --> 00:45:30,480 watch this summer launch coin. I think we we got to talk about 808 00:45:30,480 --> 00:45:32,640 this a little bit talked about it yesterday. 809 00:45:34,160 --> 00:45:38,240 It's it's back to 200 million. The ecosystem has cooled off a 810 00:45:38,240 --> 00:45:40,040 bit. The ecosystem was incredibly hot 811 00:45:40,520 --> 00:45:42,760 over the weekend. I think most of the ecosystem 812 00:45:42,760 --> 00:45:46,160 tokens are read about down 10 to 30% on the day. 813 00:45:46,160 --> 00:45:49,640 So certainly a pullback across the board except for launch. 814 00:45:49,640 --> 00:45:54,440 But what was interesting the most to me on this one are 815 00:45:54,440 --> 00:45:57,480 saying the folks starting to extrapolate the revenue numbers 816 00:45:57,560 --> 00:46:00,520 again. And I think this is always one 817 00:46:00,520 --> 00:46:03,280 of those things that's like tongue in cheek and and you 818 00:46:03,280 --> 00:46:06,120 can't get too excited about a handful of weeks of revenue. 819 00:46:07,800 --> 00:46:11,160 But the reason I bring this up is so lost coin has a fast 820 00:46:11,160 --> 00:46:16,320 start, crazy revenue numbers. It was a bubble, OK, you, you 821 00:46:16,320 --> 00:46:18,720 can't extrapolate out a week of revenue numbers. 822 00:46:18,720 --> 00:46:21,400 But now we're like a three to four weeks in. 823 00:46:21,400 --> 00:46:24,760 And the reality is more products, more tokens are 824 00:46:24,760 --> 00:46:31,240 continuing to launch ongoing in this ecosystem and folks are 825 00:46:31,240 --> 00:46:34,400 trading them. And the new meme sector on 826 00:46:34,400 --> 00:46:38,240 Solana is, is pretty dead like the, the appetite for new meme 827 00:46:38,240 --> 00:46:40,320 trading talked about it yesterday. 828 00:46:40,320 --> 00:46:42,920 It's all PvP, There's really no appetite for it. 829 00:46:43,440 --> 00:46:45,120 And but folks still want to trade. 830 00:46:46,280 --> 00:46:49,840 And I think it it is to the benefit of this launch coin 831 00:46:49,880 --> 00:46:53,200 ecosystem. And I guess the point is, even 832 00:46:53,200 --> 00:46:57,400 if you don't believe in it, even if you think ICM is all just a 833 00:46:57,760 --> 00:47:02,240 total vaporware, if, if there's trading action continued for 834 00:47:02,240 --> 00:47:05,600 another weeks and months, like the, the revenue extrapolation 835 00:47:05,600 --> 00:47:09,160 becomes a much stronger pitch. And we've got the arena, the 836 00:47:09,160 --> 00:47:13,560 star Arena protocol turning at 250 million FTV yesterday. 837 00:47:14,360 --> 00:47:17,960 And launch coin is certainly seeing a lot more action and 838 00:47:17,960 --> 00:47:23,320 tension than that. So it was an interesting one to 839 00:47:23,320 --> 00:47:25,640 me. And I think it's one that can't 840 00:47:25,640 --> 00:47:29,240 be written off just yet. I think that's my that's my take 841 00:47:29,240 --> 00:47:31,400 away. I think it's really important 842 00:47:31,400 --> 00:47:35,600 that the not to knock any products or founders or 843 00:47:35,600 --> 00:47:38,440 protocols launching, but it's really important that not 844 00:47:38,440 --> 00:47:40,600 everyone goes straight up immediately. 845 00:47:41,640 --> 00:47:45,080 In my opinion. I like it just it, it was 846 00:47:45,160 --> 00:47:47,920 obnoxious to start, right? It was just like all the manias 847 00:47:47,920 --> 00:47:50,760 and frenzies that transpire here whenever there's a new meta. 848 00:47:51,440 --> 00:47:54,120 It just, it does feel like, at least from my perspective, and 849 00:47:54,120 --> 00:47:57,920 I'm not actively really participating here, but it does 850 00:47:57,920 --> 00:48:02,320 feel, I don't know, more stable, more real, like more authentic 851 00:48:02,320 --> 00:48:04,920 than it did before. That's not to suggest the 852 00:48:04,920 --> 00:48:09,040 products or protocols launching are legit or not at this point 853 00:48:09,040 --> 00:48:11,520 in time. But at at least, you know, 854 00:48:11,800 --> 00:48:15,720 perhaps a bit more due diligence being given to, you know, not 855 00:48:15,720 --> 00:48:19,120 just throwing shit at every single thing that launches you. 856 00:48:19,120 --> 00:48:21,920 You need that, you know, you need some losers, unfortunately, 857 00:48:22,400 --> 00:48:25,920 for for this ecosystem to be like a real ecosystem. 858 00:48:26,080 --> 00:48:28,160 So yeah, I think, I think it's good. 859 00:48:28,240 --> 00:48:29,440 I think it's good. It's healthy. 860 00:48:29,720 --> 00:48:31,440 You know, maybe that's the best way to characterize it, 861 00:48:31,440 --> 00:48:34,960 healthier than it was before. The bubble blew up incredibly 862 00:48:34,960 --> 00:48:41,000 fast and it basically burst. But and now that they're 863 00:48:41,000 --> 00:48:43,960 starting to to rebuild, I mean, look at this like this price 864 00:48:43,960 --> 00:48:47,440 action like this was untradable. Like this three day stretch 865 00:48:47,760 --> 00:48:51,320 launch coin went from 10 million to 350 million. 866 00:48:51,560 --> 00:48:53,120 It's like that's just a FOMO trade. 867 00:48:53,600 --> 00:48:56,760 You're just buying in just to catch the price action. 868 00:48:57,880 --> 00:49:02,120 And then over the next two weeks it, it went down 60%, but but 869 00:49:02,120 --> 00:49:05,920 now it's going up a little bit more slowly at a more reasonable 870 00:49:05,920 --> 00:49:08,120 pace. And now it it's giving like an 871 00:49:08,120 --> 00:49:10,200 entry where if you want to build a position, you can actually do 872 00:49:10,200 --> 00:49:14,360 it and you can actually VCA in and, and buy dips and whatnot. 873 00:49:14,480 --> 00:49:17,840 So I'm curious how this will continue to trend, but I think 874 00:49:18,120 --> 00:49:23,240 it is the lost coin ecosystem is much to the benefit of this meme 875 00:49:23,240 --> 00:49:26,560 meta slowing down the the new meme meta, so to speak. 876 00:49:26,560 --> 00:49:29,880 But of course, the caveat maybe the exception that proves the 877 00:49:29,880 --> 00:49:34,960 rule verse coin it it's off my it's off my window here. 878 00:49:34,960 --> 00:49:37,880 So this token launched on pump fun yesterday verse world. 879 00:49:38,440 --> 00:49:41,880 It went to 1.1 billion in two hours. 880 00:49:42,840 --> 00:49:46,160 What is it? It's like a metaverse game. 881 00:49:46,560 --> 00:49:54,440 And metaverse, it is a a metaverse play open to the 882 00:49:54,440 --> 00:49:55,120 father. What is it? 883 00:49:56,200 --> 00:49:57,320 How do they describe it themselves? 884 00:49:57,320 --> 00:50:00,440 Consumer celebrities are seeking new and innovative ways, 885 00:50:00,600 --> 00:50:02,400 innovative ways to engage with each other. 886 00:50:02,920 --> 00:50:05,880 First of us kind of offer multiple real world use cases 887 00:50:05,880 --> 00:50:08,240 and cover the full metaverse spectrum. 888 00:50:09,680 --> 00:50:13,360 So they're they're pointing to their tech most performant 3D 889 00:50:13,360 --> 00:50:17,000 scanning studio, fastest growing metaverse company in the Middle 890 00:50:17,000 --> 00:50:27,600 East expertise and clients. That's the pitch. 891 00:50:28,120 --> 00:50:32,760 I just I I'm not owe any of this as I was once again instead of 892 00:50:32,760 --> 00:50:36,120 tweeting about. Fastest growing metaverse 893 00:50:36,120 --> 00:50:39,080 company in the Middle East? I think, I think we, I think we 894 00:50:39,080 --> 00:50:43,320 found the reason. I I wrote about this at 700 895 00:50:43,320 --> 00:50:45,440 million and then 15 minutes later than a million. 896 00:50:45,520 --> 00:50:50,560 Of course it's lower. Now what's interesting, So one 897 00:50:50,560 --> 00:50:52,760 like the reason this happened, this is massively bundled. 898 00:50:53,800 --> 00:50:56,960 So if you look at I was looking at this yesterday, basically 899 00:50:56,960 --> 00:51:01,520 it's like 9595% supply control 95 to 96%. 900 00:51:02,680 --> 00:51:05,240 So the market cap is more Oh yeah. 901 00:51:05,240 --> 00:51:06,960 So I guess the market they're they're saying the market cap 902 00:51:06,960 --> 00:51:09,600 here is 50 million. So it would have been 100 903 00:51:09,600 --> 00:51:13,120 million at peak. I think that's even a little 904 00:51:13,120 --> 00:51:17,000 high for, for for some of the, the way I see this horror 905 00:51:17,000 --> 00:51:20,040 distribution. So that's what is, that's what 906 00:51:20,040 --> 00:51:23,440 enabled it to go like this high because I mean, we haven't seen 907 00:51:23,440 --> 00:51:27,280 tokens run the 30 million in a day lately, let alone a. 908 00:51:28,080 --> 00:51:31,920 Billion, have you seen this other coin, this coin that Oh my 909 00:51:31,920 --> 00:51:33,280 God, I've been following it a little bit. 910 00:51:33,280 --> 00:51:36,600 I forget the name of it, but like B check got me on it about 911 00:51:36,600 --> 00:51:40,160 this coin that just keeps on rallying and like no, and was 912 00:51:40,160 --> 00:51:42,040 like this is. Kita KTI. 913 00:51:42,280 --> 00:51:47,360 Yeah, this this thing which is like 100% feels like a scam. 914 00:51:48,480 --> 00:51:53,760 It's like 1.7 billion and like no one really knows what it 915 00:51:53,760 --> 00:51:56,120 does. Apparently main net is coming 916 00:51:56,360 --> 00:51:58,680 and like apparently the test net came out the other day and 917 00:51:58,680 --> 00:52:00,680 everyone was like this is just a scam. 918 00:52:02,240 --> 00:52:05,000 Yeah, it had this long consolidation period when it was 919 00:52:05,000 --> 00:52:08,800 in stealth mode and then it came out of stealth mode, went from 920 00:52:08,800 --> 00:52:14,880 100 million to 800 million in 10 days, chopped today. 921 00:52:15,680 --> 00:52:17,200 What is this thing? Can we ever look? 922 00:52:17,200 --> 00:52:20,080 Can we ever look? I'm, I'm not familiar with what 923 00:52:20,080 --> 00:52:21,760 this I, I, so I've been following this. 924 00:52:21,840 --> 00:52:24,760 It's been on my radar, most scalable blockchain in the 925 00:52:24,760 --> 00:52:28,040 world. So it's going to be a fast. 10 926 00:52:28,040 --> 00:52:35,320 million TTS. Built in, there's a lot of duty 927 00:52:35,320 --> 00:52:39,120 on chain FX. Flexible rules engine first 928 00:52:39,120 --> 00:52:41,840 blockchain truly capable of supporting regulated. 929 00:52:41,840 --> 00:52:43,760 Don't go on to their Facebook. Don't go on to their Facebook. 930 00:52:43,760 --> 00:52:46,520 Let's type in Keita. Let's see what people have been 931 00:52:46,520 --> 00:52:52,160 saying. Money Lord, he's tweeting about 932 00:52:52,160 --> 00:52:57,240 it. A lot of talk about price 933 00:52:57,240 --> 00:53:00,680 action. MRGMRG I'm likely the first 934 00:53:00,680 --> 00:53:02,680 person ever to go on Keith to test net. 935 00:53:02,880 --> 00:53:06,480 TLDR is completely fake. The explorer is the versatile 936 00:53:06,480 --> 00:53:10,400 vibe coded page for some posting fake trending transaction data. 937 00:53:10,400 --> 00:53:12,360 Let me just put it so you can find it. 938 00:53:13,080 --> 00:53:20,000 Yeah, I saw that one. This is always interesting to 939 00:53:20,000 --> 00:53:22,960 look at the ticker chats on on Twitter. 940 00:53:23,520 --> 00:53:25,800 Like how many people are actually talking about these 941 00:53:25,800 --> 00:53:28,440 random ass tokens. It's it's pretty wild. 942 00:53:29,720 --> 00:53:34,120 Rather, I, I, I kind of have this as a barbell strategy where 943 00:53:34,120 --> 00:53:39,360 I like, I like to, to to short trash this one at the same time 944 00:53:39,360 --> 00:53:42,960 is like is dangerous. You can feel this one. 945 00:53:43,200 --> 00:53:47,000 Something's going on here. Yeah, I'm with you. 946 00:53:47,040 --> 00:53:53,520 These are the tricky ones to to know how to short. 947 00:53:53,520 --> 00:53:58,840 So Mixie was similar, right. So Mixie was the one that ran 948 00:54:00,400 --> 00:54:02,240 super high. It was just grinding up every 949 00:54:02,240 --> 00:54:06,920 day and like the founder, like it previously had multiple 9 950 00:54:06,920 --> 00:54:13,080 figure companies. So like some of the like Lexapro 951 00:54:13,080 --> 00:54:14,800 got behind it. It ran all the way to 100 952 00:54:14,800 --> 00:54:17,200 million basically up only. And then they they had this 953 00:54:17,400 --> 00:54:20,760 announcement yesterday that some publicly traded company had been 954 00:54:20,760 --> 00:54:22,760 buying it. And like that was the 955 00:54:22,760 --> 00:54:26,360 announcement it sold off 50%. And I think that was like a very 956 00:54:26,360 --> 00:54:29,880 sell the news of that. I think a lot of these tokens 957 00:54:29,880 --> 00:54:34,280 have that kind of a play back on like part of the Tibber. 958 00:54:35,280 --> 00:54:39,040 OK, since it's it's it feels like it's some of the same 959 00:54:39,040 --> 00:54:43,080 players of that key to trade. Tibber is another one where 960 00:54:43,080 --> 00:54:45,720 folks, it's a lot of speculation what this actually is. 961 00:54:45,720 --> 00:54:48,080 No one really knows what it actually is. 962 00:54:48,320 --> 00:54:53,360 There's a lot of curious just. Just pass them. 963 00:54:53,360 --> 00:54:55,680 Yeah, just don't ask questions. All right? 964 00:54:56,320 --> 00:54:59,000 This is this is the fastest growing blockchain in the Middle 965 00:54:59,000 --> 00:55:01,760 East. Don't ask questions. 966 00:55:02,440 --> 00:55:07,000 So this thing is since April 7th, it's gone from one and a 967 00:55:07,000 --> 00:55:10,760 half million to 100 million basically in a straight line up 968 00:55:10,760 --> 00:55:13,840 and it's still in stealth mode. So we'll see what happens when 969 00:55:13,840 --> 00:55:18,480 it exits stealth mode run out of time. 970 00:55:18,480 --> 00:55:20,840 I'll quickly go around the horn on see. 971 00:55:20,840 --> 00:55:22,760 Was there anything else we wanted to hit? 972 00:55:23,680 --> 00:55:26,360 And those are the big ones. We had O Cap games, they 973 00:55:26,360 --> 00:55:30,040 announced their three and a half million dollar raise from 11 KX 974 00:55:30,040 --> 00:55:32,040 and then Yuga Labs. That was an interesting twist. 975 00:55:32,040 --> 00:55:34,600 So Spencer requires Moonbirds from Yuga. 976 00:55:34,600 --> 00:55:41,360 Yuga invests in O Cap games, but I think that was an exciting one 977 00:55:41,360 --> 00:55:44,640 that didn't he man. Tyler rushed. 978 00:55:44,640 --> 00:55:47,320 Sorry. I'm sorry if you already spoke 979 00:55:47,320 --> 00:55:51,640 about this because the news of the IP sale was last week, I 980 00:55:51,640 --> 00:55:54,360 believe. Are you interested in a moon 981 00:55:54,360 --> 00:55:58,080 bird at all? It's sort of got the, the pudgy 982 00:55:58,080 --> 00:56:03,760 arc here in play, sort of, you know, disdain for the founding 983 00:56:03,760 --> 00:56:08,320 team taken over by somebody who's, you know, beloved by the 984 00:56:08,320 --> 00:56:10,840 community. I don't know. 985 00:56:13,520 --> 00:56:17,200 I think that that they will be a good longer term hold. 986 00:56:17,520 --> 00:56:21,200 They're 0.76 right now. I I think some of the reasons. 987 00:56:21,520 --> 00:56:24,560 0.76. Yeah, I mean, some of the 988 00:56:24,560 --> 00:56:28,080 reasons. Wow, I think they got a little 989 00:56:28,080 --> 00:56:30,400 over. What he's doing right and he has 990 00:56:30,400 --> 00:56:34,000 a business. Sorry you got Tom. 991 00:56:34,000 --> 00:56:36,320 No. No, I, I, I totally agree. 992 00:56:36,840 --> 00:56:40,080 Like he's a competent founder. He, he knows the space well. 993 00:56:41,680 --> 00:56:44,520 I liked his message when we talked to him on last week's 994 00:56:44,520 --> 00:56:46,080 show. But but also what I heard 995 00:56:46,800 --> 00:56:52,960 between the Lions was don't rush in, don't FOMO by this like 996 00:56:52,960 --> 00:56:56,120 we're in for the long haul. We're going to spend time 997 00:56:56,120 --> 00:56:59,840 building this out. So I didn't leave that interview 998 00:56:59,840 --> 00:57:03,760 saying I need to buy a Moonbird today, but I need to have them 999 00:57:03,760 --> 00:57:07,560 on my shopping list. Yeah, yeah, it's interesting, 1000 00:57:07,720 --> 00:57:11,480 you know, I haven't dug too deep and I'm actually, you know, 1001 00:57:11,480 --> 00:57:15,360 hoping to be able to reach out and and chat a little more with 1002 00:57:15,360 --> 00:57:17,960 Tim or the team about what what are the plans? 1003 00:57:18,280 --> 00:57:20,840 I have to listen to your you chat with him as well. 1004 00:57:20,840 --> 00:57:25,880 But as I was thinking about it yesterday when I saw that news, 1005 00:57:25,880 --> 00:57:27,920 you know, and you guys willingness to participate 1006 00:57:27,920 --> 00:57:32,120 alongside as well just gave me it gave me pudgy vibes. 1007 00:57:32,320 --> 00:57:34,960 You know, not not just because of the connection, right, 1008 00:57:34,960 --> 00:57:37,440 because obviously there's a connection between Spencer and 1009 00:57:38,160 --> 00:57:41,400 and the pudgy Penguins ecosystem, but just the the arc 1010 00:57:41,640 --> 00:57:45,640 of of of playing out. You know, the community really, 1011 00:57:45,640 --> 00:57:49,720 really has that, you know, deep. I don't want to use the word 1012 00:57:49,720 --> 00:57:52,840 hatred, but you know, it almost gets there for for moon birds 1013 00:57:52,840 --> 00:57:57,560 and proof. And now you narratively flip 1014 00:57:57,560 --> 00:58:01,040 that on its head in terms of sentiment, in my opinion, you 1015 00:58:01,040 --> 00:58:04,320 know, you you've put it in the hands of somebody who is revered 1016 00:58:04,320 --> 00:58:09,560 and, you know, well respected. You know, I didn't I didn't know 1017 00:58:09,560 --> 00:58:11,320 much about Luca when he took over pudgies. 1018 00:58:11,320 --> 00:58:16,560 But like, you know, Spencer, I think community sentiment around 1019 00:58:16,560 --> 00:58:19,480 somebody that would be even bigger than like Luca taking 1020 00:58:19,480 --> 00:58:20,880 over, right? You know what I mean? 1021 00:58:21,360 --> 00:58:23,600 Maybe not, but that's just the way that I'm thinking of it. 1022 00:58:23,600 --> 00:58:27,160 Perhaps just because I know others can, could comment if 1023 00:58:27,160 --> 00:58:30,040 they were more, you know, aware of Luca when he took over but. 1024 00:58:30,600 --> 00:58:33,480 Yeah, I think perhaps more well known, more more well liked, 1025 00:58:33,520 --> 00:58:36,000 perhaps just on the gun. Not saying that Luca wasn't 1026 00:58:36,000 --> 00:58:37,040 liked. I think he just perhaps was a 1027 00:58:37,040 --> 00:58:39,760 little bit more of an unknown. Yeah, that's yeah, that's what I 1028 00:58:39,760 --> 00:58:42,640 mean. I think Bull K Spencer knows 1029 00:58:42,840 --> 00:58:45,520 like these trading card games well, he's deep and managed 1030 00:58:45,520 --> 00:58:46,960 together. He's already had success with O 1031 00:58:46,960 --> 00:58:49,160 cap games. I think it's easy to project 1032 00:58:49,160 --> 00:58:50,680 he'll continue to have that success. 1033 00:58:51,240 --> 00:58:53,880 Remember told us if they held this long, I'm not selling now. 1034 00:58:53,880 --> 00:58:57,960 They they helped through all of that, but they held on a 90 1035 00:58:57,960 --> 00:59:02,480 percent, 99% drawdown. And now I got so I traded these. 1036 00:59:02,480 --> 00:59:05,560 It was the most fun trading weekend arguably of my life. 1037 00:59:06,240 --> 00:59:09,120 I took three hours out. It was my birthday that Saturday 1038 00:59:09,120 --> 00:59:14,160 these launched and I just traded them and I love these things. 1039 00:59:14,520 --> 00:59:16,560 And then they're a historic part of NFTS. 1040 00:59:16,560 --> 00:59:20,280 They they, they've got that, you know, built in lore as well. 1041 00:59:20,280 --> 00:59:22,320 So I think there's stuff to be excited about. 1042 00:59:22,320 --> 00:59:25,040 I just think it's a longer term play then like we need to go 1043 00:59:25,200 --> 00:59:29,840 sweep the floor today. So that's my read. 1044 00:59:30,720 --> 00:59:34,120 Other than that, I mean, Thruster announced their winding 1045 00:59:34,120 --> 00:59:35,920 down operations. I think we got glimpses of that 1046 00:59:36,120 --> 00:59:39,600 perhaps a week or two ago, but just kind of another sign of the 1047 00:59:39,600 --> 00:59:45,360 times for the blast ecosystem. They're the primary protocol on 1048 00:59:45,360 --> 00:59:49,680 blast. You don't think that like he's 1049 00:59:49,680 --> 00:59:51,560 kind of throwing the towel a little bit quickly here. 1050 00:59:51,560 --> 00:59:53,600 Like, do you not think like he's a smart dude? 1051 00:59:53,600 --> 00:59:56,440 Like he had, he had so many interesting things he could do. 1052 00:59:57,080 --> 00:59:59,920 I feel as though, yeah, the points maybe he's dead, but can 1053 00:59:59,920 --> 01:00:02,520 he not think of something else? Like get it going again? 1054 01:00:03,280 --> 01:00:05,360 I guess Blow kind of died at the same time, didn't it? 1055 01:00:06,160 --> 01:00:12,160 This was I've been, I'm like hesitant to like flood blast 1056 01:00:12,160 --> 01:00:14,440 just because I, I, I do have respect for Pac-Man. 1057 01:00:14,440 --> 01:00:17,120 I think he's a really smart guy. Right, me too. 1058 01:00:18,200 --> 01:00:19,880 But it's like what? Like what is going on? 1059 01:00:22,200 --> 01:00:25,120 Like they brought in Zen to be on that, like communication or 1060 01:00:25,120 --> 01:00:27,560 like leadership council. I think she's done with that. 1061 01:00:27,560 --> 01:00:29,040 So like, what was the point of that? 1062 01:00:31,600 --> 01:00:34,480 They're just hesitant focused on the mobile app, but like there's 1063 01:00:34,480 --> 01:00:38,080 nothing else to do in the ecosystem. 1064 01:00:38,080 --> 01:00:40,200 So like what what's the even Why do you need a mobile app? 1065 01:00:40,280 --> 01:00:43,000 I guess you can earn good yield on your blast stables. 1066 01:00:45,320 --> 01:00:47,400 Yeah, it's it's been a bit of this point, but it's some some 1067 01:00:47,400 --> 01:00:50,320 sort of blur. I mean blur had the lead like 1068 01:00:50,320 --> 01:00:53,840 blur was the the the NFT marketplace. 1069 01:00:53,840 --> 01:00:56,840 I was starting all my days looking at blur and now I'm back 1070 01:00:56,840 --> 01:01:03,640 to open C it's like. I think he's a smart guy. 1071 01:01:03,720 --> 01:01:10,240 It'd be shame if he didn't come back and think of people have a 1072 01:01:10,240 --> 01:01:11,880 flywheel and I think he can build 1. 1073 01:01:12,360 --> 01:01:14,520 Like he just sort of person that can build like a hyperlithic 1074 01:01:14,520 --> 01:01:18,040 investor, you know what I mean? Like he knows what he's doing. 1075 01:01:20,160 --> 01:01:24,320 Admittedly, I feel as though the L2 was probably a misstep 1076 01:01:24,480 --> 01:01:29,960 because he probably decided to do the L2 kind of at like just 1077 01:01:30,400 --> 01:01:33,200 beyond the peak of L2. Let's all live in L2. 1078 01:01:33,200 --> 01:01:36,080 And then it all kind of felt like that wasn't going to be the 1079 01:01:36,080 --> 01:01:40,640 trade anymore. The hyper liquid's come out and 1080 01:01:40,640 --> 01:01:45,320 been like a one at like they could have made blur the I guess 1081 01:01:45,320 --> 01:01:47,040 they can't really do it with blur right, because they have 1082 01:01:47,040 --> 01:01:49,600 the whole bridge. But you, you do think that 1083 01:01:49,600 --> 01:01:51,800 there's a lot of things you could do with an L2, like if he 1084 01:01:51,800 --> 01:01:54,800 made it a more centralized L2, same way that hyper liquid is 1085 01:01:54,800 --> 01:01:59,720 basically just a centralized L2 or L3 even, or is it L1 now? 1086 01:01:59,720 --> 01:02:02,520 I'm always kind of confused because you get there, but like 1087 01:02:02,520 --> 01:02:06,840 people get an L1 and then like can someone explain that to me? 1088 01:02:06,840 --> 01:02:09,320 Actually, like I'd love in the comments someone explains to me 1089 01:02:09,320 --> 01:02:10,960 what is going on with Hyper Liquid Liquid. 1090 01:02:10,960 --> 01:02:13,320 Whatever I look at it, I'm like, I guess I have to bridge the 1091 01:02:13,320 --> 01:02:15,400 arbitrary, which you put money on Hyper Liquid. 1092 01:02:15,800 --> 01:02:21,400 People think it's an L1 and yet people say it's also like an 1093 01:02:21,400 --> 01:02:23,440 arbitrary chain. It's like where? 1094 01:02:23,440 --> 01:02:28,120 Where are we on that? Anyone wanna know where we are 1095 01:02:28,120 --> 01:02:30,040 in that one? Yeah, I don't have the answer. 1096 01:02:30,040 --> 01:02:32,400 I'll be looking to the comments myself it. 1097 01:02:32,400 --> 01:02:34,440 Sounds way cooler if it's an L1 right? 1098 01:02:35,040 --> 01:02:38,440 But is it? From evaluation I think L1 is 1099 01:02:38,440 --> 01:02:43,800 stronger pitch than L3, but I agree with. 1100 01:02:44,840 --> 01:02:48,160 L. 3 rooting Pac-Man on it. I hope he figures something out. 1101 01:02:48,360 --> 01:02:52,360 I think he's a brilliant guy. This space be better with him. 1102 01:02:52,640 --> 01:02:56,080 Billy, maybe he's done with it and maybe being a crypto founder 1103 01:02:56,080 --> 01:02:58,720 isn't that fun. I can understand it's tough. 1104 01:03:00,000 --> 01:03:03,800 I can understand maybe there is not taken so well. 1105 01:03:04,200 --> 01:03:08,160 I'm actually surprised that like yeah, I just I just feel like he 1106 01:03:08,160 --> 01:03:09,640 could come back. I feel like he could have an 1107 01:03:09,640 --> 01:03:13,560 Andre Kanye, like researchers, you know, like, oh, he's back 1108 01:03:13,560 --> 01:03:17,120 and he's built this and. If if he did, I think people 1109 01:03:17,120 --> 01:03:19,480 would flock to him. Of course they would. 1110 01:03:19,760 --> 01:03:20,360 Yeah. Is he? 1111 01:03:20,520 --> 01:03:22,920 Like, they know he can build. They know he's a smart guy. 1112 01:03:22,920 --> 01:03:25,560 It's just like he he just made some missteps it seems. 1113 01:03:25,760 --> 01:03:28,320 Yeah, I think the the difficult part is he's got to like be able 1114 01:03:28,320 --> 01:03:32,360 to thread a needle now where he's not just creating like a 1115 01:03:32,360 --> 01:03:35,800 Ponzi thing, right? Because there's some, some 1116 01:03:35,800 --> 01:03:38,680 skepticism around the, the products now that he's built 1117 01:03:38,680 --> 01:03:42,400 thus far, not perhaps around him and his ability to build them, 1118 01:03:42,800 --> 01:03:46,520 but just some like, you know, at least from my perspective, like 1119 01:03:46,520 --> 01:03:49,840 there's a little bit of skepticism about what would 1120 01:03:49,840 --> 01:03:52,520 come. And, and I think you have to, to 1121 01:03:52,520 --> 01:03:55,760 keep that reputation high, you have to avoid like a super clear 1122 01:03:55,760 --> 01:03:59,080 Ponzi type thing, which of course the space lends itself 1123 01:03:59,080 --> 01:04:01,520 to. I agree, I agree, but I think 1124 01:04:01,560 --> 01:04:05,120 you you can create, you know the new word for for Ponzi, it's 1125 01:04:05,120 --> 01:04:06,680 flywheel Logan, if you have a nice. 1126 01:04:08,120 --> 01:04:09,920 Flywheel. OK, you should definitely 1127 01:04:10,120 --> 01:04:12,880 flywheel. Did you see those generated 1128 01:04:13,040 --> 01:04:15,040 girls talking about what should Passion Act do? 1129 01:04:15,040 --> 01:04:16,960 Probably some of my favorite video content. 1130 01:04:18,320 --> 01:04:24,960 Yeah. Of 2025 feels like I agree. 1131 01:04:24,960 --> 01:04:28,760 Move on from the from the from the Ponzi to the flywheel and 1132 01:04:28,760 --> 01:04:30,480 that's work out. You wanted what you want to do 1133 01:04:30,480 --> 01:04:32,600 here? Yeah, OK. 1134 01:04:33,360 --> 01:04:36,480 If you're listening flywheel. Flywheel. 1135 01:04:37,600 --> 01:04:39,400 Give us the flywheel. All right folks, that is a good 1136 01:04:39,400 --> 01:04:42,280 way to end today's show. We went about 10 minutes over, 1137 01:04:42,280 --> 01:04:45,200 but it was a fun conversation. Want to thank all of our 1138 01:04:45,200 --> 01:04:46,720 listeners for joining us. Want to thank our partners? 1139 01:04:46,720 --> 01:04:49,760 Want to thank my Co host. We'll be back tomorrow at 10:00 1140 01:04:49,760 --> 01:04:52,040 AM Eastern. I believe Stats the Man, the 1141 01:04:52,040 --> 01:04:54,400 Legend will be joining us for that show as well. 1142 01:04:54,400 --> 01:04:56,560 Until then, go make it a beautiful day. 1143 01:04:56,840 --> 01:04:57,120 Goodbye.