1 00:00:00,320 --> 00:00:04,600 Good morning. Good morning GMGM folks. 2 00:00:04,600 --> 00:00:10,880 Welcome to another episode of Four More Hours, episode 196. 3 00:00:10,880 --> 00:00:15,600 The Countdown 200 is on. Today is Monday, September 9 4 00:00:15,600 --> 00:00:20,680 Point Point. It is a cooler Sunday morning 5 00:00:20,680 --> 00:00:23,240 here in Chicago today, folks. The city is feeling great. 6 00:00:23,320 --> 00:00:26,920 The Bears incredible comeback win yesterday Chicago was 7 00:00:26,920 --> 00:00:29,280 electric. Those are the only bears that we 8 00:00:29,280 --> 00:00:33,480 like on this show folks, we are feeling electric in the studio. 9 00:00:33,480 --> 00:00:37,400 You know why for Rogue is back King frog back in the house he's 10 00:00:37,400 --> 00:00:41,160 30 now happy birthday frog. How was your weekend and how 11 00:00:41,160 --> 00:00:45,080 was? Yo-yo yo, we're so bad baby. 12 00:00:45,080 --> 00:00:46,560 Oh my God I'm so hyped right now. 13 00:00:47,040 --> 00:00:50,440 Last day in London, you know, just heard 30 years old on 14 00:00:50,440 --> 00:00:52,040 Saturday. My knees are hurting. 15 00:00:52,040 --> 00:00:54,800 My back's hurting already. I don't know if that's a feature 16 00:00:55,200 --> 00:01:00,080 or a bug of, of entering yet another decade, but we're 17 00:01:00,080 --> 00:01:02,360 vibing, dude. We are absolutely vibing. 18 00:01:02,360 --> 00:01:05,880 Tyler, Thank you guys for for holding it down while I was 19 00:01:05,880 --> 00:01:07,600 gone. But I can't wait to be home 20 00:01:07,600 --> 00:01:09,640 tomorrow. And you know, it's going to be a 21 00:01:09,640 --> 00:01:12,680 big week. It's going to be a big, big 22 00:01:12,680 --> 00:01:13,840 week. It's already off to a great 23 00:01:13,840 --> 00:01:17,000 start for those who have been tracking the board. 24 00:01:17,000 --> 00:01:21,120 We'll get into it here in a bit. Meno likely joining us here in a 25 00:01:21,120 --> 00:01:23,680 few minutes. We've got Logan on with us 26 00:01:23,680 --> 00:01:26,000 coming off of a pretty solid U.S. 27 00:01:26,000 --> 00:01:27,880 Open tournament. Logan, Jim, how you doing? 28 00:01:28,400 --> 00:01:30,640 Hey, good morning Tyler. Doing really well. 29 00:01:30,760 --> 00:01:34,920 Excellent tennis. Sad that it's over but still 30 00:01:34,920 --> 00:01:39,040 plenty more of the season out there and lots more tennis fans 31 00:01:39,040 --> 00:01:41,800 around the world. After the last couple weeks U.S. 32 00:01:41,800 --> 00:01:43,640 Open broke all the records again for. 33 00:01:44,120 --> 00:01:46,600 Oh wow. And Taylor Swift was there 34 00:01:46,600 --> 00:01:48,200 yesterday. I saw that. 35 00:01:48,480 --> 00:01:51,480 She wasn't watching football, she was watching tennis. 36 00:01:51,920 --> 00:01:54,480 Was that was that part of their contract with Travis Kelce? 37 00:01:55,360 --> 00:01:59,200 Yes, hopefully so I I'm down for more Taylor Swift appearances if 38 00:01:59,200 --> 00:02:01,560 it means more people are watching tennis. 39 00:02:02,760 --> 00:02:06,160 Love the things, Mckelsey I I've been, I've been wearing the 10 40 00:02:06,160 --> 00:02:09,160 ball hat on the Kelsey Taylor Swift thing really since the 41 00:02:09,160 --> 00:02:11,760 relationship started. I'm not buying that. 42 00:02:12,320 --> 00:02:14,560 So like the contract kind of made sense to me. 43 00:02:14,560 --> 00:02:17,440 But I think the problem is now that it's surfaced is they can't 44 00:02:17,440 --> 00:02:19,920 in their relationship in line with the contractors because 45 00:02:19,920 --> 00:02:22,240 it'll be too obvious. So now they're probably going to 46 00:02:22,240 --> 00:02:25,880 have to extend things. So we'll see. 47 00:02:26,120 --> 00:02:29,680 Kelsey, yeah, he he's enjoying his day off, flying to New York 48 00:02:29,680 --> 00:02:33,080 for the US Open. I guess NFL players, they'd 49 00:02:33,080 --> 00:02:35,360 probably get the the day off after the game. 50 00:02:35,920 --> 00:02:40,960 Well, they, they played on Thursday, so they yeah, yeah, 51 00:02:40,960 --> 00:02:43,520 Patrick Mahomes was there too. I mean, everybody, that's 52 00:02:43,520 --> 00:02:46,040 everybody was, was watching tennis this weekend, not 53 00:02:46,040 --> 00:02:48,120 football. Well, it was the first time we 54 00:02:48,120 --> 00:02:51,800 had AUS player in the final, but he got smoked right? 55 00:02:51,960 --> 00:02:55,760 Well, men's, yes, yeah. Men's, yes, Thank you for the 56 00:02:55,840 --> 00:02:57,600 the clarification. Yeah, we really needed you to 57 00:02:57,600 --> 00:03:01,640 clarify that. US women have been dominant, of 58 00:03:01,640 --> 00:03:05,440 course, but it's been like 20 years since AUS man has won. 59 00:03:05,440 --> 00:03:08,760 But we're gonna have to wait another year, folks. 60 00:03:08,960 --> 00:03:10,760 We're talking about more than tennis on today's show. 61 00:03:10,760 --> 00:03:13,800 What are we talking about? We'll do a quick market report. 62 00:03:14,160 --> 00:03:17,320 We've got crypto stocks closing the worst week ever, but they're 63 00:03:17,320 --> 00:03:21,040 back in the green this morning. Vanek shuttering its futures ETF 64 00:03:21,040 --> 00:03:23,600 product a court. This is huge, folks. 65 00:03:23,640 --> 00:03:28,440 Ruling against the CFTC in favor of US based election markets for 66 00:03:28,440 --> 00:03:29,760 prediction markets. So that is huge. 67 00:03:29,760 --> 00:03:34,240 We've got roaring Kitty back with his return to Twitter. 68 00:03:34,400 --> 00:03:36,240 Market doesn't really seem to care all that much. 69 00:03:36,240 --> 00:03:40,280 We'll see if he's washed. Zusu endorsing baseline markets 70 00:03:40,360 --> 00:03:43,040 and Machi ahead of Machi's token today. 71 00:03:43,040 --> 00:03:45,440 So that was an interesting one. Blast released their September 72 00:03:45,440 --> 00:03:49,160 gold frintech seems to quit. Got some thoughts on that. 73 00:03:49,160 --> 00:03:52,320 Punks have had a huge weekend. We'll catch Baroque on some of 74 00:03:52,320 --> 00:03:54,200 these, catch him up on some of these big sales. 75 00:03:54,360 --> 00:03:57,520 We had Doodles premiere and a big doodle sale on the back of 76 00:03:57,520 --> 00:04:00,080 it and a whole lot more. We got a lot to come out today. 77 00:04:00,080 --> 00:04:03,200 Also our Arbitrum update. Before we get into it, shout out 78 00:04:03,200 --> 00:04:07,000 to our new partner Galaxis. Galaxis is a no code web 3 79 00:04:07,000 --> 00:04:10,040 platform that empowers creators and communities to become 80 00:04:10,160 --> 00:04:14,320 owners. Check out at Galaxis XYZ on X. 81 00:04:14,320 --> 00:04:16,480 We are very excited to have them on board. 82 00:04:16,480 --> 00:04:20,160 We are also very excited to have Manda Great Mando back in the 83 00:04:20,160 --> 00:04:22,120 studio with this Mando GM, how you doing? 84 00:04:23,240 --> 00:04:24,640 If you know, you know, you know what I mean. 85 00:04:24,800 --> 00:04:28,560 Great, Mando. I'm doing great, man. 86 00:04:28,760 --> 00:04:31,920 I'm doing great. I'm loving the the Wimbledon hat 87 00:04:31,920 --> 00:04:33,720 I'm seeing. I love that load. 88 00:04:35,720 --> 00:04:38,160 Yeah, good, good. I've been, you know, I've been 89 00:04:38,160 --> 00:04:40,600 telling you what I've been doing this the same fucking Bitcoin 90 00:04:40,600 --> 00:04:44,360 every single day. Disturbing size as it goes lower 91 00:04:44,920 --> 00:04:48,960 and hoping that this is the bottom, but I've got another. 92 00:04:49,160 --> 00:04:50,880 Got another 30 days of that to go. 93 00:04:51,120 --> 00:04:53,840 So you're buying the dip, the deputy dip, and the deputy dip, 94 00:04:53,840 --> 00:04:57,200 dip, dip. I'm just hoping that we don't 95 00:04:57,200 --> 00:05:03,760 RIP too soon, basically. That's honestly what what I'm 96 00:05:03,800 --> 00:05:05,320 worried about. And that might might be 97 00:05:05,320 --> 00:05:10,520 ridiculous, but like, I do think this market just looks wrong to 98 00:05:10,520 --> 00:05:11,120 me. Yeah. 99 00:05:12,760 --> 00:05:14,600 We're excited to get more into that. 100 00:05:14,960 --> 00:05:16,600 Well, Mandos, you're, you're here with us. 101 00:05:16,600 --> 00:05:19,320 The shirt is on. I think let's get right into the 102 00:05:19,320 --> 00:05:28,400 Mando market report. Who is the man Macro daddy of 103 00:05:28,400 --> 00:05:33,160 the land? Can you dig it? 104 00:05:34,360 --> 00:05:38,920 GMGMGM yeah. So a well, I would say we kind 105 00:05:38,920 --> 00:05:43,040 of hit peak bear over the weekend, peak depression, 106 00:05:43,560 --> 00:05:44,960 everyone getting super depressed. 107 00:05:46,560 --> 00:05:50,200 Bitcoin was at like 52 Ki think on Friday. 108 00:05:52,560 --> 00:05:53,920 Yeah, I think it went down that low. 109 00:05:53,960 --> 00:05:56,160 Yeah, it it, it crashed pretty hard there Friday. 110 00:05:56,600 --> 00:05:59,880 Absolutely. E nearly touched 2K. 111 00:05:59,880 --> 00:06:05,120 Like you know, bit of a war zone about what we needed to do here. 112 00:06:06,320 --> 00:06:08,040 It seemingly bounced a little bit. 113 00:06:08,040 --> 00:06:13,720 I wouldn't say we're back yet. Bitcoins back above 55K we it 114 00:06:13,720 --> 00:06:17,120 looks like stocks were having a very weak period on Friday just 115 00:06:17,120 --> 00:06:20,320 because of some uncertainty about rate cuts. 116 00:06:21,680 --> 00:06:25,320 But you know, that was after the jobs figure like slightly missed 117 00:06:25,320 --> 00:06:28,320 and people worried about we could get a, a bit of a, a 118 00:06:28,640 --> 00:06:32,000 weaker recession than expected. Most of the other figures aren't 119 00:06:32,000 --> 00:06:34,320 pointing to A to a bad recession, although I would 120 00:06:34,320 --> 00:06:38,800 agree it's, it's the chances of it are going up slightly. 121 00:06:39,480 --> 00:06:43,920 But we have the Fed I think in a week or so. 122 00:06:44,960 --> 00:06:46,720 So we'll be waiting to see what happens there. 123 00:06:46,720 --> 00:06:48,320 But I think 50 bips is on the table. 124 00:06:48,320 --> 00:06:51,600 I think 25 spips is most likely, but they will be dovish. 125 00:06:51,840 --> 00:06:55,400 That's what I reckon. So I think we'll get effectively 126 00:06:55,400 --> 00:07:01,160 him saying they'll probably do four rate cuts or three or four 127 00:07:01,240 --> 00:07:04,400 so far this this year. That's what I think we'll see. 128 00:07:05,000 --> 00:07:06,360 I think we're expecting to see some more wobbling. 129 00:07:06,360 --> 00:07:11,280 Like we've already said here that macro people come back, a 130 00:07:11,280 --> 00:07:13,720 lot of different markets start to start to move around this 131 00:07:13,720 --> 00:07:15,440 sort of time. You get a lot of a lot of 132 00:07:15,440 --> 00:07:18,800 toiletries around figures coming back. the Fed, you've also got 133 00:07:18,800 --> 00:07:21,280 the election this year. So there's just a lot of things 134 00:07:21,280 --> 00:07:23,200 that can cause a bit of a wobble in September. 135 00:07:23,800 --> 00:07:27,200 It doesn't like Trump's odds are going up quite a lot with Nate 136 00:07:27,200 --> 00:07:32,800 Silver, up to about 64% now, which is which is very high. 137 00:07:33,600 --> 00:07:37,240 It isn't really being shown in the polymarket figures as 138 00:07:37,240 --> 00:07:39,040 strong, which is kind of interesting because for a long 139 00:07:39,040 --> 00:07:44,960 time polymarket was was much more aggressively pro Trump than 140 00:07:44,960 --> 00:07:47,880 Nate Silva. And that's since flipped and 141 00:07:47,880 --> 00:07:51,080 people felt like that was because, you know, Polymark, you 142 00:07:51,080 --> 00:07:53,280 know, people, crypto people are probably a little bit more 143 00:07:54,080 --> 00:07:56,560 Republican, it felt like, or at least that's what the data 144 00:07:56,560 --> 00:07:59,280 shows. But yeah, seems as though they 145 00:07:59,280 --> 00:08:00,640 haven't really caught up with Nate Silver. 146 00:08:00,640 --> 00:08:04,360 We're only, we're only at 5246, which is quite a big gap there 147 00:08:04,840 --> 00:08:08,320 at least a 10 bit or 10 point gap between the two of them. 148 00:08:09,240 --> 00:08:11,040 And that's making me more bullish as well. 149 00:08:11,360 --> 00:08:15,640 You know, like I continue to think that October we're going 150 00:08:15,640 --> 00:08:21,120 to see a lot of headlines and I, it's difficult for me to paint 151 00:08:21,120 --> 00:08:23,760 a, a bearish one for, for crypto here. 152 00:08:23,760 --> 00:08:25,840 So that's, that's why I've been, we've been trying. 153 00:08:25,840 --> 00:08:28,320 Well, me and Ovi have both been kind of dying it up over the 154 00:08:28,320 --> 00:08:32,120 last, over the last few weeks, getting into different 155 00:08:32,120 --> 00:08:34,320 positions. I personally have put a lot of 156 00:08:34,320 --> 00:08:37,760 my, like I said, I'm banning on Bitcoin mainly here, but that's 157 00:08:37,760 --> 00:08:39,919 not because it's the only horse that will do well. 158 00:08:39,919 --> 00:08:42,200 It's just, I just feel it's the cleanest trade. 159 00:08:43,120 --> 00:08:45,720 But I, I think you could head, head back to, you know, I think 160 00:08:45,720 --> 00:08:49,200 Bernstein came out today and said that they think 9090K if 161 00:08:49,200 --> 00:08:51,840 Trump gets elected, which is kind of where I'm at as well. 162 00:08:51,840 --> 00:08:56,160 I think we could go to like 90 to 100K if, if Trump gets 163 00:08:56,160 --> 00:08:58,960 elected. There was some light FUD over 164 00:08:58,960 --> 00:09:03,160 the weekend about the fact that about the Bitcoin ETFs you had 165 00:09:03,320 --> 00:09:06,240 Jim Bianco is a well known macro stretches come out and basically 166 00:09:06,240 --> 00:09:09,800 say the Bitcoin ETFs have been slowly dying ETF's. 167 00:09:09,800 --> 00:09:13,520 Obviously you had some and they have seen a decent amount of 168 00:09:13,520 --> 00:09:14,480 outflows. You've seen about a billion 169 00:09:14,480 --> 00:09:16,720 dollars of outflows since the 27th of August. 170 00:09:16,720 --> 00:09:21,240 So not something to to kind of not take seriously at the same 171 00:09:21,240 --> 00:09:23,560 time, and that this is for ETH too. 172 00:09:23,560 --> 00:09:27,640 ETH is looking even worse. I do think this is this is this 173 00:09:27,640 --> 00:09:29,320 will come back. It's just a general macro 174 00:09:29,320 --> 00:09:31,840 sentiment at the moment. I don't think that Bitcoin ETFs 175 00:09:31,840 --> 00:09:33,640 have been anywhere near a failure. 176 00:09:33,760 --> 00:09:36,520 I think is his benchmark for that is just laughably, 177 00:09:37,240 --> 00:09:39,280 laughably high. They came in, they've got I 178 00:09:39,280 --> 00:09:43,800 think 52 billion of AUM so far. Like absolutely wild amounts. 179 00:09:44,000 --> 00:09:47,240 Like that's beaten any other first time ETF in history. 180 00:09:47,240 --> 00:09:49,280 So I'm definitely not as barracks as him. 181 00:09:49,600 --> 00:09:52,080 There was also some FUD over the fact that it was. 182 00:09:52,080 --> 00:09:58,200 It was again noted that Black Rock are settling their intraday 183 00:09:58,200 --> 00:10:03,400 trades off chain. So if anyone buys the Bitcoin 184 00:10:03,400 --> 00:10:10,040 ETF intraday, that doesn't actually end up in buying of 185 00:10:10,040 --> 00:10:12,520 Bitcoin intraday. That only happens at the end of 186 00:10:12,520 --> 00:10:14,560 the day when the net figure is settled. 187 00:10:14,560 --> 00:10:17,240 So they're doing these off chain transactions with Coinbase. 188 00:10:17,280 --> 00:10:19,600 It it seems. And there was some fun around 189 00:10:19,600 --> 00:10:23,080 that in that, you know, the volume figures that are going 190 00:10:23,080 --> 00:10:26,200 through are not, are not affecting Bitcoin in any sort of 191 00:10:26,200 --> 00:10:29,320 way. So the intraday volumes that you 192 00:10:29,320 --> 00:10:32,440 see they're not affecting Bitcoin, whether they're not 193 00:10:32,440 --> 00:10:34,960 leading to Bitcoin volume and and that's something to to kind 194 00:10:34,960 --> 00:10:39,040 of note. Yeah. 195 00:10:39,120 --> 00:10:43,320 So a little bit of fun around ETS, but I think that's that's 196 00:10:43,880 --> 00:10:47,360 that's to be expected given the general bearer sentiment. 197 00:10:47,640 --> 00:10:52,360 Bitcoin RSI hit a three-year low, just over three-year low 198 00:10:53,080 --> 00:10:55,520 over the weekend, which is just kind of wild. 199 00:10:55,920 --> 00:10:59,000 The last time it was just low is in July 2021, which is when we 200 00:10:59,200 --> 00:11:03,480 we came off that monster run, particularly in ETH and just got 201 00:11:03,480 --> 00:11:05,680 absolutely hosed. And then we saw a massive rally 202 00:11:05,680 --> 00:11:08,320 after that. So it sentiment just seems 203 00:11:09,160 --> 00:11:11,000 unbelievably low for where we're at. 204 00:11:11,360 --> 00:11:13,680 I think part of this as well, it's like we're already starting 205 00:11:13,680 --> 00:11:16,080 to see the dying of some of the Daps that were big this cycle. 206 00:11:16,080 --> 00:11:18,280 Like that Frentec thing, I think has caught a lot of people and 207 00:11:18,280 --> 00:11:20,840 just been like, wow, like that doesn't look good. 208 00:11:20,840 --> 00:11:26,280 Farcaster, I saw today that daily active users is down 95%, 209 00:11:26,360 --> 00:11:32,560 like big play in the social fire space, which is just completely 210 00:11:32,560 --> 00:11:34,000 dropped off. No one talks about it. 211 00:11:34,000 --> 00:11:37,480 So we're already seeing some of the things that people were 212 00:11:37,480 --> 00:11:43,640 bullish about this cycle not really happening or ones that 213 00:11:43,640 --> 00:11:47,480 were briefly, briefly successful just like nothing going on. 214 00:11:47,480 --> 00:11:49,520 And I think that's gotten people a little bit worried again about 215 00:11:49,520 --> 00:11:53,400 use cases, which is again why I think the the most obvious trade 216 00:11:53,400 --> 00:11:58,080 here is probably just Bitcoin. But we've seen a bit of a 217 00:11:58,080 --> 00:12:00,160 resurgence in some of the L ones. 218 00:12:00,680 --> 00:12:04,120 Sui have was the highest was the best performing L1 over the last 219 00:12:04,280 --> 00:12:06,560 over the last week. Again, some of these are 220 00:12:06,560 --> 00:12:09,040 starting to outperform Solana. I think it's probably something 221 00:12:09,040 --> 00:12:13,560 to like pay attention to at this stage of the cycle like Sui 222 00:12:13,560 --> 00:12:19,400 Phantom, which Phantom has it's Sonic upgrade and it hit kind of 223 00:12:19,400 --> 00:12:25,160 high TPS on that. But just something to pay 224 00:12:25,160 --> 00:12:28,160 attention to basically is what I what I would say is that I don't 225 00:12:28,160 --> 00:12:30,920 think, I don't think any of these are coming even close to 226 00:12:30,920 --> 00:12:32,680 challenging Solana in terms of adoption. 227 00:12:33,440 --> 00:12:38,480 But for a trade, maybe if we do see a RIP in Bitcoin, maybe 228 00:12:38,480 --> 00:12:41,240 maybe some of these outperform. It does feel like they're kind 229 00:12:41,240 --> 00:12:44,480 of set setting themselves up to if you look at some of those 230 00:12:44,480 --> 00:12:48,360 charts versus other L ones, they are they're outperforming. 231 00:12:48,840 --> 00:12:51,520 Meme coins have have bounced but definitely haven't been leading 232 00:12:51,520 --> 00:12:53,520 the bounce. I would say the majority of the 233 00:12:53,520 --> 00:12:57,320 best coins over the last week have been deep in Helium. 234 00:12:57,320 --> 00:12:58,920 I don't know if anyone's paying attention to Helium. 235 00:12:58,920 --> 00:13:00,480 I saw that. It's crazy. 236 00:13:00,880 --> 00:13:05,640 The mobile provider in, in in the US which is, is starting to 237 00:13:05,920 --> 00:13:10,920 have very good network coverage in the US And I think let me 238 00:13:10,920 --> 00:13:12,600 have a look at the subscribers, but they've they've been 239 00:13:12,600 --> 00:13:16,760 smashing subscribers recently and they were the best that was 240 00:13:16,760 --> 00:13:18,640 the best performing altcoin last week. 241 00:13:18,760 --> 00:13:21,040 They've got 112 K subscribers now it looks. 242 00:13:21,040 --> 00:13:23,840 Like wow, wow. And this is a market which can 243 00:13:23,840 --> 00:13:26,280 get, you know, 100, that's 300 million people. 244 00:13:26,280 --> 00:13:27,720 There's a lot of people doing that now. 245 00:13:27,720 --> 00:13:30,000 There's another company that reached out to us and they're 246 00:13:30,000 --> 00:13:32,240 going to be around in Singapore. Up Network. 247 00:13:32,240 --> 00:13:35,240 They were, they were at KBW. There's like there was like 248 00:13:35,240 --> 00:13:38,280 people dressed as cell phones. I think Snoop Dogg and a few 249 00:13:38,280 --> 00:13:41,320 other people involved. There was one of them dressed as 250 00:13:41,320 --> 00:13:43,280 cell phone and you were getting a call from Sam Beckman, freed 251 00:13:43,280 --> 00:13:46,080 from prison. It was hilarious and I should 252 00:13:46,080 --> 00:13:48,760 have taken a photo, but I this is could become quite the use 253 00:13:48,760 --> 00:13:50,400 case. Didn't Iggy Azalea start her own 254 00:13:50,400 --> 00:13:54,400 phone network like this dad? Like I feel like, is that the 255 00:13:54,400 --> 00:13:56,200 new narrative? Are we buying phone networks? 256 00:13:56,800 --> 00:14:00,840 It does. Feel like this is if this if 257 00:14:00,840 --> 00:14:03,200 helium does a good job here. I think some people were scared 258 00:14:03,200 --> 00:14:07,920 about like quality of service and that seemingly is is falling 259 00:14:07,920 --> 00:14:09,360 away. Actually, I saw a map of their 260 00:14:09,360 --> 00:14:12,560 network coverage this week and it seemingly covers like all of 261 00:14:12,600 --> 00:14:16,120 the US. So and the price point is pretty 262 00:14:16,120 --> 00:14:19,800 competitive, I think. So they they have a they have a 263 00:14:19,840 --> 00:14:22,480 business model here, which could, you know, could go if 264 00:14:22,480 --> 00:14:24,640 it's not them going worldwide, a bunch of other people will also 265 00:14:24,640 --> 00:14:25,880 try and do it. I think worldwide. 266 00:14:25,880 --> 00:14:29,840 So that was the best performing alt point last week, which I 267 00:14:29,840 --> 00:14:33,520 thought was a super interesting. You know, like deep in and defy 268 00:14:33,520 --> 00:14:37,320 generally leading and then some of these all L ones that again, 269 00:14:37,320 --> 00:14:40,400 weren't that many mean points are the leaders. 270 00:14:40,400 --> 00:14:43,760 So people are are maybe taking a bit more risk and things that 271 00:14:43,760 --> 00:14:48,320 they weren't taking risk in before, But so maybe we're 272 00:14:48,320 --> 00:14:49,760 already into the new trends of this market. 273 00:14:49,760 --> 00:14:52,640 It does feel like social fire has been beaten to death apart 274 00:14:52,640 --> 00:14:58,000 from fantasy top. And like I said, meme coins, 275 00:14:58,200 --> 00:15:02,920 although I'm relish on meme coins as a long term sector meme 276 00:15:02,920 --> 00:15:05,120 coin dominance. I do think that that the pumped 277 00:15:05,120 --> 00:15:07,600 up funds slash over saturation is going to take a little bit of 278 00:15:07,600 --> 00:15:09,440 time. I think for a lot of these, or 279 00:15:09,440 --> 00:15:11,920 at least you know, there's always a new meme coin. 280 00:15:12,280 --> 00:15:14,840 Whereas some of these I think are from a risk reward 281 00:15:14,840 --> 00:15:16,840 standpoint going into the election could have a could have 282 00:15:16,840 --> 00:15:19,280 a good run. Like if Trump wins the election, 283 00:15:19,280 --> 00:15:22,440 Helium could do like a 3X. Yeah, I mean, there's on the 284 00:15:22,440 --> 00:15:24,120 social fight thing. Like I saw a tweet from Yano 285 00:15:24,120 --> 00:15:25,520 last week. I sent it in the chat. 286 00:15:26,120 --> 00:15:29,120 So it's not Forecasters, it's not 95%, it's D Gen. but 287 00:15:29,320 --> 00:15:31,640 Forecaster still gets 5065 thousand Daus. 288 00:15:31,920 --> 00:15:34,080 It's not bad. But the other one that's 289 00:15:34,080 --> 00:15:37,160 actually leading the charge is an app called Open Social. 290 00:15:37,520 --> 00:15:42,680 It has 100 and 2000 and 10,000 active users. 291 00:15:42,680 --> 00:15:45,600 It's an Asia based social fight platform. 292 00:15:46,160 --> 00:15:50,320 And then you have Lens. But yeah, it's overall not so. 293 00:15:50,640 --> 00:15:54,880 Forecast I see right now Daily active, daily active users. 294 00:15:56,880 --> 00:15:59,120 That was last week. Yeah, that's strange. 295 00:15:59,120 --> 00:16:00,160 Why did? They you know what it is? 296 00:16:00,280 --> 00:16:02,920 No, it was the beanie tweet. He got your ass. 297 00:16:03,400 --> 00:16:05,280 No, it's. Woo This is from Woo Blockchain. 298 00:16:05,480 --> 00:16:07,160 That I, that I. Yeah, woo. 299 00:16:07,880 --> 00:16:10,640 So maybe it's not as bad, but it's definitely down. 300 00:16:10,840 --> 00:16:12,200 Yeah, it's definitely down a lot. 301 00:16:12,240 --> 00:16:13,560 I mean, do you know anyone you like? 302 00:16:13,640 --> 00:16:15,080 And I have someone who was really fan of it. 303 00:16:15,080 --> 00:16:19,160 Like I don't really know anybody that's still on it as much, 304 00:16:19,560 --> 00:16:23,000 especially during summer chop where you people leave even 305 00:16:23,000 --> 00:16:27,080 Twitter. Yeah, I haven't seen anyone. 306 00:16:27,920 --> 00:16:30,120 I think the challenge with it was always there's just too much 307 00:16:30,120 --> 00:16:32,040 of A Twitter clone. People were clearly moving 308 00:16:32,040 --> 00:16:35,160 nowhere for like the D Gen. farming and it's just hard to 309 00:16:35,160 --> 00:16:38,800 replicate Twitter or X like you have to have some 310 00:16:38,800 --> 00:16:43,560 differentiating features. But you know, we'll certainly 311 00:16:43,560 --> 00:16:46,080 see open social appears to be going up only so that they're 312 00:16:46,080 --> 00:16:47,920 doing something right over in Asia. 313 00:16:47,920 --> 00:16:50,760 Like on that note for account, how was the Asia sentiment? 314 00:16:50,760 --> 00:16:52,080 Were you were you following markets? 315 00:16:52,080 --> 00:16:54,440 How are people feeling over there? 316 00:16:55,160 --> 00:16:58,120 I mean, I'll say the same thing I say every time I go to Asia 317 00:16:58,120 --> 00:17:00,640 and back in Asia, crypto is not the future, it's the present. 318 00:17:00,640 --> 00:17:03,120 And when you come back to the West, it's just a thing of the 319 00:17:03,120 --> 00:17:05,800 future where Mandel's right. I caught up on some news and 320 00:17:05,800 --> 00:17:08,280 people are saying that Bitcoin ETF's are dead and that were 321 00:17:08,280 --> 00:17:11,160 already kind of like, you know, marking the whole industry is 322 00:17:11,160 --> 00:17:14,319 dying. But over there it's just like 323 00:17:14,560 --> 00:17:19,960 did KBW was fucking insane like Webex was cool less Japan is 324 00:17:19,960 --> 00:17:24,920 more niche like it was very niche, but like KBW, like every 325 00:17:24,920 --> 00:17:27,760 single major founder, everyone was out there, man like it was 326 00:17:27,800 --> 00:17:30,040 massive. It's the sickest stage I ever 327 00:17:30,040 --> 00:17:31,760 spoke on by the way. It was so sick. 328 00:17:31,960 --> 00:17:35,760 Yes, after the Eiffel Tower one in Paris, but like that was like 329 00:17:36,120 --> 00:17:38,920 proper, like we were only there for 3-4 days and just the 330 00:17:38,920 --> 00:17:41,760 business that I did over there and the quality of the meetings 331 00:17:41,760 --> 00:17:45,880 that I managed to go to and the amount of side events again was 332 00:17:45,880 --> 00:17:47,880 just absurd. Every event was packed. 333 00:17:47,880 --> 00:17:51,560 I think it was 10,000 people show up to KBW, so it was great. 334 00:17:51,560 --> 00:17:53,480 Like we went to an abstract event was packed. 335 00:17:53,760 --> 00:17:57,200 We did an Arbitrum event with radio to crib, so that was 336 00:17:57,200 --> 00:18:00,200 really cool. A bunch of people came like it 337 00:18:00,200 --> 00:18:03,320 was just everywhere. It was a lot of people Ferret 338 00:18:03,320 --> 00:18:06,400 chain event was packed like his there was and there was some 339 00:18:06,400 --> 00:18:09,360 pretty high quality individuals that I got to meet over there. 340 00:18:09,960 --> 00:18:13,800 Funds, you know, a lot of funds didn't deploy yet because of the 341 00:18:13,800 --> 00:18:16,200 market and they're looking to deploy in Q4. 342 00:18:16,520 --> 00:18:19,840 So like there's there's, you know, the sentiment over there 343 00:18:19,840 --> 00:18:21,560 is that OK, sure. Like we'll dip and shit, but 344 00:18:21,560 --> 00:18:25,080 like everybody's, I hope it's not consensus, but everybody's 345 00:18:25,080 --> 00:18:29,240 backing on Q4 lads. Everybody, everybody say yeah, 346 00:18:29,240 --> 00:18:32,840 Q4Q4Q4. You know, let's just, let's just 347 00:18:32,840 --> 00:18:37,000 hope Donnie T comes into office if you want that Q4 pump, you 348 00:18:37,000 --> 00:18:39,640 know what I mean? Yeah, I won't come back to that. 349 00:18:39,640 --> 00:18:41,920 So like, is there a bit of a narrative violation like 350 00:18:41,920 --> 00:18:46,160 happening right now? So like we back when crypto was 351 00:18:46,160 --> 00:18:49,960 pumping and then it dipped and then we we saw the charts, 352 00:18:49,960 --> 00:18:53,280 people overlaying like the price of Bitcoin with the odds of 353 00:18:53,280 --> 00:18:55,560 Trump winning the presidency. And like when you overlaid the 354 00:18:55,560 --> 00:18:58,160 charts, they looked like they were moving pretty much in line 355 00:18:58,160 --> 00:19:01,600 step. And then his odds dipped after 356 00:19:01,600 --> 00:19:03,760 Biden was replaced. Well, well, guess what? 357 00:19:03,760 --> 00:19:07,080 Now Silver's gone back up to almost the high. 358 00:19:07,080 --> 00:19:11,320 It's like they briefly hit 70% on Poly market, you know, on on 359 00:19:11,320 --> 00:19:13,560 the after the assassination attempts, after the Biden's 360 00:19:13,560 --> 00:19:15,440 debate debacle. But they didn't really spend 361 00:19:15,440 --> 00:19:18,160 much time up there. I think 64 was about as high as 362 00:19:18,160 --> 00:19:21,640 they they really got Silver's got it back there. 363 00:19:22,320 --> 00:19:24,000 But it doesn't feel like markets have responded. 364 00:19:24,560 --> 00:19:27,000 I guess that's so Amanda, maybe a question for you. 365 00:19:27,280 --> 00:19:29,320 Why haven't we seen the Trump pump? 366 00:19:30,000 --> 00:19:34,800 Or was the Trump pump perhaps? Was it overly hyped compared to 367 00:19:34,800 --> 00:19:38,480 what it was? I'm I'm waiting for the Trump 368 00:19:38,480 --> 00:19:40,040 pump. That's basically part of what I 369 00:19:40,480 --> 00:19:42,720 part of the reason why I'm going so long is because I think 370 00:19:42,720 --> 00:19:44,280 increasingly looks like Trump will win. 371 00:19:44,280 --> 00:19:49,240 So that's why I'll be tuning into the into the debate on 372 00:19:49,640 --> 00:19:51,840 tomorrow like it feels as slow. Yeah. 373 00:19:54,680 --> 00:19:57,320 I don't know. Those are just Nate Silver gets 374 00:19:57,320 --> 00:20:00,680 it right. I've been following his his 375 00:20:00,680 --> 00:20:03,480 modeling pretty closely. I think the for those who are 376 00:20:03,480 --> 00:20:07,320 loosely following it. So Kamala is still ahead in the 377 00:20:07,320 --> 00:20:10,360 polls broadly across the the nation. 378 00:20:10,360 --> 00:20:13,760 She's got a very slight edge. Part of the reason why Silver's 379 00:20:13,760 --> 00:20:17,480 got it so heavily Trump right now is that Trump historically 380 00:20:17,480 --> 00:20:20,160 under pulse. That his his voter base doesn't 381 00:20:20,200 --> 00:20:22,320 doesn't come out and and show through the the polls. 382 00:20:22,320 --> 00:20:25,920 So he is factoring in he's modeling that under polling. 383 00:20:25,920 --> 00:20:30,360 So if that holds true, that trend holds true for this 384 00:20:30,360 --> 00:20:32,040 election cycle. I would agree it looks like 385 00:20:32,040 --> 00:20:34,920 Trump is somewhat of a commanding favor right now, 386 00:20:34,920 --> 00:20:37,440 primarily because of his performance in the the swing 387 00:20:37,440 --> 00:20:40,520 states, which is again, why I'm surprised that Paul A mark is 388 00:20:40,560 --> 00:20:43,680 only 5247. And of course, we saw for anyone 389 00:20:43,680 --> 00:20:45,400 who I tweeted about this a little bit on Friday, I was 390 00:20:45,400 --> 00:20:50,520 following it, a cohort of just a couple betters manipulated this, 391 00:20:50,520 --> 00:20:54,000 this $800 million election market for a couple of hours. 392 00:20:54,000 --> 00:20:57,080 So there was a bet, there was a weekly derivatives bet that that 393 00:20:57,080 --> 00:20:59,560 expired on Friday. And there was a three hour 394 00:20:59,560 --> 00:21:02,720 window where you could bet on will Kamala or Trump be the 395 00:21:02,720 --> 00:21:06,400 winner on Polymarket on Friday. This cohort bet somewhere around 396 00:21:06,400 --> 00:21:09,160 like $10 million on Kamala, yes, and Trump, no. 397 00:21:09,520 --> 00:21:13,360 They briefly got the odds back to even, but they were unable to 398 00:21:13,360 --> 00:21:17,360 pull off the bets that they lost the the derivative bet. 399 00:21:17,680 --> 00:21:18,720 I don't know how much they all had. 400 00:21:18,720 --> 00:21:21,320 One of the betters I was tracking had like 90,000 on that 401 00:21:21,320 --> 00:21:25,800 but had bet something like 3 million against Trump. 402 00:21:25,800 --> 00:21:29,640 So those that those bets are are down now at least I haven't 403 00:21:29,640 --> 00:21:33,280 fallen up but down at least 200,000 I would imagine. 404 00:21:34,000 --> 00:21:36,560 But 5247, I don't know it. Was a little. 405 00:21:37,040 --> 00:21:39,800 Tight to me ahead of the debate. The more traditional betting 406 00:21:39,800 --> 00:21:42,400 markets have Trump a bit higher than this too. 407 00:21:42,400 --> 00:21:46,320 I just checked Bet Online, they have Trump at -130 I think he 408 00:21:46,320 --> 00:21:51,280 was floating around -1 O 5 -, 110 in the last few weeks -130 409 00:21:51,280 --> 00:21:54,280 is around 56%. I just did that implied 410 00:21:54,280 --> 00:21:56,400 probability. So yeah, a little bit lower 411 00:21:56,400 --> 00:21:57,720 there as well. I don't know what the volume is 412 00:21:57,720 --> 00:22:01,880 on this. 844,000,000 is a lot, but I mean that's a pretty 413 00:22:01,880 --> 00:22:06,400 notable market. Pretty notable tomorrow is the 414 00:22:06,400 --> 00:22:07,800 main event. I'm sure we'll do a lot of 415 00:22:07,800 --> 00:22:11,240 debates prep and and the bets you can make on tomorrow's show 416 00:22:11,840 --> 00:22:14,880 so so make sure to tune in for that. 417 00:22:14,880 --> 00:22:17,880 I think Mando other than that, what what else is coming up? 418 00:22:18,120 --> 00:22:22,000 Any big macro events on the radar this week? 419 00:22:22,000 --> 00:22:25,200 I think we may have CPI coming anything that you're. 420 00:22:25,200 --> 00:22:29,520 Looking at you have CPI and you have the ECP this week, like I 421 00:22:29,560 --> 00:22:33,120 would say there's a lot now, whereas August was very quiet. 422 00:22:33,360 --> 00:22:36,160 You're going to see rolling decisions from pretty much every 423 00:22:36,160 --> 00:22:39,400 central bank, like I said last last week about them cutting 424 00:22:39,400 --> 00:22:41,520 rates or comments about them cutting rates. 425 00:22:41,520 --> 00:22:43,520 And then you're going to see a lot of economic data. 426 00:22:43,520 --> 00:22:46,840 So it's going to come thick and fast, I think for the next few 427 00:22:46,840 --> 00:22:50,200 weeks, tons of data which could move the market. 428 00:22:50,960 --> 00:22:54,000 Yeah, it feels like time to to to lock in there. 429 00:22:54,040 --> 00:22:58,120 There's a lot coming here. That was a good roundup of macro 430 00:22:59,840 --> 00:23:01,080 on memes. There really wasn't a whole lot 431 00:23:01,080 --> 00:23:02,880 of meme action. I think Mando mentioned that 432 00:23:02,880 --> 00:23:04,280 one. Perhaps notable. 433 00:23:04,280 --> 00:23:08,520 Roaring Kitty still has his ability to move markets. 434 00:23:08,520 --> 00:23:11,880 He came back after, well, almost a three month hiatus. 2 1/2 435 00:23:11,880 --> 00:23:14,680 month. He posted a meme of the, the, 436 00:23:14,840 --> 00:23:18,480 the kid from Toy Story throwing away the, the Woody doll, but 437 00:23:18,480 --> 00:23:22,400 with the Chewy face on it, much to my chagrin as a Chewy meme 438 00:23:22,400 --> 00:23:24,880 coin holder. So I had picked up a small bag 439 00:23:25,400 --> 00:23:28,400 of Chewy that the last time, Oh yeah, on this June 27th tweet 440 00:23:29,080 --> 00:23:31,600 and essentially held held it through the summer and now he's 441 00:23:31,600 --> 00:23:34,480 throwing it away. So Roy and Kitty does does not 442 00:23:34,480 --> 00:23:39,640 care about Chewy anymore. It seems it didn't move the GME 443 00:23:39,640 --> 00:23:42,760 market though, I think Logan, Logan, you called this out for 444 00:23:42,760 --> 00:23:46,520 us over at at Lucky Trader. I think we saw what, a 70%? 445 00:23:46,520 --> 00:23:50,680 Yeah, So decent move off the bottom, almost 100%, but still 446 00:23:50,960 --> 00:23:54,000 only at 6,000,000 bucks down, that's significantly. 447 00:23:54,320 --> 00:23:57,760 That's the ETH one, the Solana one I think bounced maybe even 448 00:23:57,760 --> 00:24:00,320 more. You know, just in a really quick 449 00:24:00,520 --> 00:24:04,960 yeah, little 5 minute candle was was pretty absurd actually. 450 00:24:05,360 --> 00:24:06,760 Oh yes, this one's a 32 minute, OK. 451 00:24:07,400 --> 00:24:10,280 Yeah, it looks really small now, but when the when you were? 452 00:24:10,280 --> 00:24:14,560 Zoomed in on the. On the day it it was a it was a 453 00:24:14,560 --> 00:24:16,200 pretty notable candle for the time period. 454 00:24:17,520 --> 00:24:20,880 It So do we just not care about Roy and Kitty in in the meme 455 00:24:20,880 --> 00:24:23,200 coin market anymore? I don't. 456 00:24:24,360 --> 00:24:28,760 I mean, do you guys care? Not at all really I didn't even 457 00:24:28,760 --> 00:24:30,880 see this happen live. Like I don't really have the 458 00:24:30,880 --> 00:24:35,840 notifications on anymore. Then just came back checked in 459 00:24:37,040 --> 00:24:39,720 the the chewy bag. It's probably time to just sell 460 00:24:39,720 --> 00:24:45,160 the the chewy bags into the dust converter for Epic here for the 461 00:24:45,160 --> 00:24:47,400 show. I love how Mando reminds people 462 00:24:47,400 --> 00:24:50,080 every time there's like a major rug or like a coin that just 463 00:24:50,080 --> 00:24:54,440 like goes to 0, you have a tweet from Mando saying remember did 464 00:24:54,440 --> 00:24:56,640 it happen to you again? Make sure to put your dust to 465 00:24:56,640 --> 00:24:58,640 epic. That's so bullish. 466 00:24:59,400 --> 00:25:05,160 The ducks remember, And there was one other meme coin story 467 00:25:05,160 --> 00:25:08,320 here, and I think it got a little more interesting here 468 00:25:08,320 --> 00:25:10,520 this morning. So Machi's, it's been a bit of a 469 00:25:10,520 --> 00:25:14,000 saga, but it seems like Machi's meme coin, which is ticker 470 00:25:14,000 --> 00:25:18,320 Machi, is going to be live for training after its pre sale this 471 00:25:18,320 --> 00:25:20,320 week. And the reason it's a little bit 472 00:25:20,320 --> 00:25:25,080 more notable is Zusu commented here at 4:00 AM this morning, or 473 00:25:25,120 --> 00:25:26,240 I guess this was yesterday morning. 474 00:25:27,200 --> 00:25:30,560 He's calling the novel baseline markets liquidity mechanism, 475 00:25:30,560 --> 00:25:33,720 perhaps a new primitive for this cycle. 476 00:25:34,400 --> 00:25:39,040 So a bit of endorsement there from Zusu, I think perhaps 477 00:25:39,040 --> 00:25:42,760 raising some eyebrows. Namachi did post a thread here 478 00:25:42,760 --> 00:25:46,240 yesterday as well talking a little bit more about what that 479 00:25:46,240 --> 00:25:51,040 the token is and this primitive. He talks about this Afterburner, 480 00:25:51,640 --> 00:25:54,080 which is a smart contract that randomly executes leveraged 481 00:25:54,120 --> 00:25:56,960 buybacks starting with $1,000,000 in USDB. 482 00:25:57,760 --> 00:26:00,080 This baseline value which is the BLV. 483 00:26:00,080 --> 00:26:02,960 So he's saying it's got a minimum value backed by on chain 484 00:26:03,480 --> 00:26:05,800 liquidity. And then the closer you buy to 485 00:26:05,800 --> 00:26:09,800 that BLV level, effectively your downside is capped and you've 486 00:26:09,800 --> 00:26:13,320 got more upside. The concept of looping and 487 00:26:13,320 --> 00:26:15,160 borrowing that they they have in here. 488 00:26:15,200 --> 00:26:20,160 So there are some interesting mechanisms that put in in this 489 00:26:20,160 --> 00:26:22,480 pre sale. But if you look at the comments, 490 00:26:22,480 --> 00:26:25,800 I feel like if this was, I wonder if this was anyone else, 491 00:26:25,960 --> 00:26:28,800 like would this be taken in a different light or if if the 492 00:26:28,800 --> 00:26:30,560 market would be broadly more bullish. 493 00:26:30,560 --> 00:26:34,720 But because it's matchy, all the replies are, is this just your 494 00:26:34,720 --> 00:26:37,600 next scam? And I think rightfully so, 495 00:26:37,600 --> 00:26:42,160 right, to have some skepticism headed into to this one with his 496 00:26:42,160 --> 00:26:43,600 track record. But there's some interesting 497 00:26:43,600 --> 00:26:46,520 stuff here. Yeah, I think, I think they've 498 00:26:46,520 --> 00:26:47,840 already done an excellent job. Tyler. 499 00:26:47,840 --> 00:26:50,080 If you remember when this was announced, it was announced as 500 00:26:50,080 --> 00:26:53,160 an unruggable meme coin, right? That those are the words that 501 00:26:53,160 --> 00:26:55,720 were characterizing this. It's now they've, they've 502 00:26:55,720 --> 00:26:58,680 embraced I, I don't know if the change was before Suzu's comment 503 00:26:58,680 --> 00:27:01,880 or not, but they've embraced the, the new D5 primitive. 504 00:27:02,360 --> 00:27:03,760 And I was mentioning to you before the show. 505 00:27:03,760 --> 00:27:06,160 I, I think if they would have led with that. 506 00:27:06,200 --> 00:27:08,440 And maybe the ticker isn't Machi. 507 00:27:09,200 --> 00:27:11,640 Like there may be some real steam here. 508 00:27:11,640 --> 00:27:13,600 If, if that narrative takes hold. 509 00:27:13,600 --> 00:27:15,600 You know, I mean, there's a lot of ifs, a lot of conditionals in 510 00:27:15,600 --> 00:27:19,800 there, but new D5 primitive, I mean those types of words as 511 00:27:19,800 --> 00:27:22,240 buzzwordy as it is, right? Like those types of things can 512 00:27:22,240 --> 00:27:26,240 set off for whatever reason and say what you will about Suzu, 513 00:27:26,240 --> 00:27:29,880 but there's a demographic here of this market that will look to 514 00:27:29,880 --> 00:27:34,360 his tweets as you know, a potential influence on the, on 515 00:27:34,360 --> 00:27:37,720 the price of the token. So I, I'm interested to see what 516 00:27:37,720 --> 00:27:39,800 happens here. The trading goes Live Today at 517 00:27:39,800 --> 00:27:42,240 noon. The token's already been dished 518 00:27:42,240 --> 00:27:44,440 out to people who participated in the IBLV. 519 00:27:44,880 --> 00:27:46,840 They got their gold from baseline markets. 520 00:27:47,240 --> 00:27:49,440 So I, I'm, I'm interested to see what happens. 521 00:27:49,440 --> 00:27:52,200 I do not have any. I didn't participate, no, no 522 00:27:52,200 --> 00:27:54,440 disclosures here with any whole veins. 523 00:27:54,440 --> 00:27:59,080 But I'm I'm curious if the new D5 primitive is is going to take 524 00:27:59,080 --> 00:28:01,040 off. Brooke, what do you think? 525 00:28:01,040 --> 00:28:06,080 You you buying into Tamashi? I, I, I because I but that's 526 00:28:06,120 --> 00:28:08,640 just I don't have much going on on blast Plus I haven't been 527 00:28:08,640 --> 00:28:11,360 caught up to anything in the last 2 1/2. 528 00:28:11,360 --> 00:28:14,480 I have not made it any moves in the last 2 1/2 something weeks. 529 00:28:14,480 --> 00:28:19,240 So and I won't because I have a massive week ahead, but but you 530 00:28:19,240 --> 00:28:22,000 know, I'll be cheering from the sidelines for people to make 531 00:28:22,000 --> 00:28:23,680 money because we need people to make money right now. 532 00:28:24,000 --> 00:28:26,600 So so I hope. Yes, we do. 533 00:28:27,240 --> 00:28:28,880 I like that. I, I, I don't have any of this 534 00:28:28,920 --> 00:28:31,600 either. So Full disclosure, I, I missed 535 00:28:31,600 --> 00:28:34,040 the, the pre sale and then just didn't play with it this 536 00:28:34,040 --> 00:28:36,240 weekend. I do think it was a good 537 00:28:36,240 --> 00:28:37,880 branding change. I think when you brand your 538 00:28:37,880 --> 00:28:41,160 token as the unruggable token, all my head really goes to is 539 00:28:41,320 --> 00:28:43,440 how are you going to rug this? Yeah, 100. 540 00:28:43,640 --> 00:28:47,080 Percent it does the wrong way the new token primitive. 541 00:28:47,080 --> 00:28:50,760 It's interesting, I feel like we we've seen something like the 542 00:28:51,960 --> 00:28:56,840 the hybrid NFT meme coins do something similar to this right 543 00:28:56,840 --> 00:29:00,840 where you can you buy the NFT, you can always put it back in 544 00:29:00,840 --> 00:29:04,480 the pool to get your initial money back in theory there the 545 00:29:04,520 --> 00:29:08,400 upside is uncapped as well and your downside is limited. 546 00:29:09,360 --> 00:29:13,200 But it does it does that primitive alone doesn't mean 547 00:29:13,200 --> 00:29:14,680 success. Like you still have to have 548 00:29:14,680 --> 00:29:19,600 people who want to come buy it. I think that that's why I keep 549 00:29:19,800 --> 00:29:23,560 coming back to the the looping and the borrowing kind of came 550 00:29:23,560 --> 00:29:26,960 out as red flags when I when I looked into this thread like 551 00:29:27,360 --> 00:29:31,320 Logan, did you did you dive into that aspect of this much not. 552 00:29:31,320 --> 00:29:33,880 Not a whole lot, but I saw the same comments, you know, down 553 00:29:33,880 --> 00:29:36,760 below about over borrowing and you know what? 554 00:29:36,760 --> 00:29:40,080 What happens then? Like I said, there are so many 555 00:29:40,160 --> 00:29:45,240 conditionals at play here with if then regarding what you know, 556 00:29:45,240 --> 00:29:49,640 whatever people can do now I'm I'm like I said, I'm just 557 00:29:49,640 --> 00:29:52,000 interested to see what happens. I'm I'm with Faroka. 558 00:29:52,040 --> 00:29:54,600 You know, hopefully people make money and this isn't a complete 559 00:29:54,600 --> 00:29:57,120 disaster. People lose money, things get 560 00:29:57,120 --> 00:30:00,240 even worse, because it would be cool. 561 00:30:00,320 --> 00:30:02,640 You know, it would be cool to see a new primitive take off 562 00:30:02,640 --> 00:30:05,640 those those little meta bubbles that create that level of 563 00:30:05,640 --> 00:30:07,280 excitement. We could we could use something 564 00:30:07,280 --> 00:30:09,560 like that right now. Whether it's unruggable meme 565 00:30:09,560 --> 00:30:13,000 coins, new D5 primitives, I don't know, but I would take it 566 00:30:13,000 --> 00:30:15,240 if that's the case. There'll be some attention on 567 00:30:15,240 --> 00:30:17,480 this one. Plus blast needs some action, 568 00:30:17,640 --> 00:30:19,360 right? Other than fantasy top, I guess 569 00:30:19,360 --> 00:30:21,800 predict tough fun launched, there hasn't been a whole lot to 570 00:30:21,800 --> 00:30:25,920 do so, so perhaps this will gain some steam and other protocol 571 00:30:25,920 --> 00:30:27,520 news. We we touched on on prediction 572 00:30:27,520 --> 00:30:29,480 markets enough today. I don't want to go deep onto, 573 00:30:29,480 --> 00:30:31,360 but folks, this was a pretty huge headline. 574 00:30:31,960 --> 00:30:34,960 This broke late Friday evening, so I think some folks perhaps 575 00:30:34,960 --> 00:30:37,360 may have missed it getting started on their weekend. 576 00:30:38,360 --> 00:30:44,280 But Cauchy AUS based Collection market won their lawsuit against 577 00:30:44,280 --> 00:30:50,800 the CFTC where they will now be able to list election betting 578 00:30:50,800 --> 00:30:53,680 contracts so that the CFTC there there's actually a follow up 579 00:30:53,680 --> 00:30:55,280 suit. They're trying to to go live 580 00:30:55,320 --> 00:30:58,000 ASAP. I think the CFTC was asking them 581 00:30:58,000 --> 00:31:01,160 to wait another 14 days. They're trying to push and go 582 00:31:01,160 --> 00:31:06,200 live right now, but this is a pretty massive win. 583 00:31:06,200 --> 00:31:08,080 I think if folks haven't been following like these election 584 00:31:08,080 --> 00:31:10,840 markets have been largely or pretty much banned in the United 585 00:31:10,840 --> 00:31:13,160 States. So if that's overturned, I think 586 00:31:13,160 --> 00:31:17,280 that's a huge liquidity unlock. So, so more to come on this, but 587 00:31:17,280 --> 00:31:22,480 this is going to be a really important one to follow another 588 00:31:22,480 --> 00:31:25,520 protocol news Frintech folks, Mando mentioned this in his I 589 00:31:25,520 --> 00:31:27,400 think I'm going to spend a few minutes on this. 590 00:31:27,800 --> 00:31:34,000 The news they effectively, I'm not a tech whiz, but their admin 591 00:31:34,000 --> 00:31:37,920 and ownership parameters have been set to OX000 to prevent any 592 00:31:38,200 --> 00:31:41,800 further changes. My interpretation of this is 593 00:31:41,800 --> 00:31:44,960 that their devs have effectively like washed their hands clean. 594 00:31:44,960 --> 00:31:48,920 They're not doing any more work on the the product. 595 00:31:49,920 --> 00:31:52,400 So people have been kind of calling it the the death or the 596 00:31:52,400 --> 00:31:56,120 end of friend tech that the price chart is, is not a great 597 00:31:56,120 --> 00:31:59,400 one for anyone who yeah, that's terrible zoomed out. 598 00:32:00,480 --> 00:32:02,520 That shit is terrible. I mean, how are you going to 599 00:32:02,520 --> 00:32:04,920 fucking, you know, build something? 600 00:32:04,960 --> 00:32:07,240 Oh no, sorry. Launch something half built, 601 00:32:07,680 --> 00:32:11,760 take $50 million and then not even try. 602 00:32:16,440 --> 00:32:19,680 It's crazy. Hear me out, this is the best 603 00:32:19,680 --> 00:32:22,040 possible thing that could have happened for the friend token. 604 00:32:22,400 --> 00:32:24,160 Probably. Probably. 605 00:32:24,200 --> 00:32:28,560 I think ticker that you know, whatever meta is happening, the 606 00:32:28,600 --> 00:32:31,120 ticker is great. Friend is a great ticker. 607 00:32:31,680 --> 00:32:35,400 You lose all the execution risk with friend tech, the app, you 608 00:32:35,400 --> 00:32:38,640 know, community takeover. There's there's so many little 609 00:32:38,640 --> 00:32:43,240 positives here. I own 0 not financial advice, 610 00:32:43,240 --> 00:32:46,840 but this is this becomes more interesting to me than ever 611 00:32:46,840 --> 00:32:49,520 before. This token, really, now that 612 00:32:49,520 --> 00:32:50,640 they've washed their hands of it. 613 00:32:50,640 --> 00:32:55,080 Yeah, 6.7 mil. I mean, but whatever that's 614 00:32:56,440 --> 00:32:59,320 there's not much work. It can't go down that much more. 615 00:32:59,320 --> 00:33:02,800 I don't know. It's, it's more interesting to 616 00:33:02,800 --> 00:33:06,200 me now than ever before. Honestly I think it's a pure 617 00:33:06,200 --> 00:33:10,400 meme coin, kind of like laugh at this little thing that happened 618 00:33:10,400 --> 00:33:13,320 during this cycle. It is more interesting to me 619 00:33:13,320 --> 00:33:15,440 than ever before. It's interesting. 620 00:33:15,440 --> 00:33:18,520 So you say you're kind of embracing just like the meme 621 00:33:18,520 --> 00:33:22,480 ability of I think bread guy. He posted about this as well, 622 00:33:22,640 --> 00:33:30,160 effectively that it's now primed for a true CTO, which is another 623 00:33:30,360 --> 00:33:32,760 potential out here. I'm not sure if anyone's going 624 00:33:32,760 --> 00:33:34,800 to want to take it over with its package. 625 00:33:35,680 --> 00:33:40,520 In hindsight, the the team doing the the 100% community token 626 00:33:40,520 --> 00:33:44,960 AirDrop was a giant red flag that we didn't pay enough 627 00:33:44,960 --> 00:33:47,480 attention to because at that point they had no more 628 00:33:47,480 --> 00:33:50,600 incentives whatsoever to to run the project. 629 00:33:50,760 --> 00:33:54,200 And it's pretty clear that incentives matter in in the 630 00:33:54,200 --> 00:33:57,280 crypto space and they'd already made their their $50 million. 631 00:33:57,280 --> 00:34:02,040 So Eraser and team effectively has run off into. 632 00:34:02,080 --> 00:34:06,000 That's crazy. I mean, it was a hell of a year 633 00:34:06,200 --> 00:34:09,840 for them. I don't know, that's insane. 634 00:34:09,840 --> 00:34:12,920 I. Feel like everyone's I think the 635 00:34:12,920 --> 00:34:16,080 haters are are victory lapping this and say this was always the 636 00:34:16,080 --> 00:34:18,440 obvious outcome. It wasn't that obvious. 637 00:34:18,560 --> 00:34:20,400 I don't think it was that. Obvious I disagree with that. 638 00:34:20,400 --> 00:34:22,920 Like I think people think, oh, cold it yeah, OK, sure, but you 639 00:34:23,040 --> 00:34:24,840 it's like the same people are skeptical, like everything 640 00:34:24,840 --> 00:34:26,480 essentially, like you're going to be right. 641 00:34:26,520 --> 00:34:30,080 But one thing, like if you hate on everything, you're going to 642 00:34:30,080 --> 00:34:35,440 hit OK, But like I think the red flag was when they fired that 643 00:34:35,639 --> 00:34:38,920 that dude the day before. No pancakes. 644 00:34:39,159 --> 00:34:41,600 Yeah, I think I think that's when shit started. 645 00:34:41,719 --> 00:34:44,360 Like they started losing so much sentiment on the timeline. 646 00:34:44,480 --> 00:34:47,440 Like they were hot. I shit was hot, But I think the 647 00:34:47,440 --> 00:34:50,440 whole 33 and everything kind of made it like, you know, they 648 00:34:50,560 --> 00:34:53,520 they were on to something, though, and I think it sucks. 649 00:34:53,520 --> 00:34:56,000 I think we should be cheering for things to succeed instead of 650 00:34:56,280 --> 00:34:58,960 trying to see if we could be right for one thing to be 651 00:34:58,960 --> 00:35:00,840 unsuccessful. Like people are waiting for 652 00:35:00,840 --> 00:35:03,600 forecaster downfall next to be like, oh, I told you about it. 653 00:35:03,640 --> 00:35:07,120 Like, you know, they're already like drafting their tweets, but 654 00:35:07,120 --> 00:35:09,480 like you need apps to win because it's the same people 655 00:35:09,480 --> 00:35:11,640 that they go and say there's no one building the apps on on 656 00:35:11,840 --> 00:35:13,920 crypto. You know, it's like, dude, what 657 00:35:13,920 --> 00:35:14,480 do you want? Like. 658 00:35:14,480 --> 00:35:16,040 Yeah, they they hate on everything. 659 00:35:16,040 --> 00:35:17,400 Exactly. So like, oh, you're going to 660 00:35:17,400 --> 00:35:20,520 clout chase a tweet where you victory lap, you call the 661 00:35:20,520 --> 00:35:22,160 farcaster. Now they're going to hit on deep 662 00:35:22,160 --> 00:35:26,120 end and the helium shit and then, you know, if it falls 663 00:35:26,120 --> 00:35:27,840 away, you're right. And if it's right, there's not 664 00:35:28,080 --> 00:35:29,480 enough apps. Like, you know what I mean? 665 00:35:29,480 --> 00:35:32,080 It's like, I don't know. I think I think we have enough 666 00:35:32,080 --> 00:35:35,560 bullshit. It it does make me so it raises 667 00:35:35,560 --> 00:35:38,080 the question, so I, I feel like a lot of folks still think 668 00:35:38,080 --> 00:35:43,000 social fight like as a concept can happen, but like what does 669 00:35:43,000 --> 00:35:44,760 it need to look like? I guess it kind of raises the 670 00:35:44,760 --> 00:35:47,800 question of like, So what has gone wrong for forecast? 671 00:35:47,800 --> 00:35:51,520 Like what has gone wrong or for Intech, what were they over 672 00:35:51,520 --> 00:35:55,000 financialized or like were the were the tokens mistakes? 673 00:35:55,000 --> 00:35:57,640 Like what, what does what is the right model? 674 00:35:58,720 --> 00:36:00,960 I guess some people are saying that fancy top of social fight. 675 00:36:01,880 --> 00:36:03,240 Maybe it is. I feel like it's a little close, 676 00:36:03,400 --> 00:36:08,240 like gamify gamify. I don't have the answer to this 677 00:36:08,240 --> 00:36:10,920 question. If I did, I'd probably be trying 678 00:36:11,040 --> 00:36:14,800 to to execute on it. I mean pay chat rooms, you know, 679 00:36:15,160 --> 00:36:18,000 not useful if people post everything on X anyways. 680 00:36:18,320 --> 00:36:20,880 Like I have incentives to post on there because I was getting 681 00:36:20,880 --> 00:36:24,600 paid as a creator I guess at first, but down the line I have 682 00:36:24,600 --> 00:36:26,320 much more incentives. I'll make way more money 683 00:36:26,320 --> 00:36:28,120 building your brand on Twitter, right? 684 00:36:28,200 --> 00:36:31,280 Like having 300,000 followers on Twitter is probably worth more 685 00:36:31,800 --> 00:36:36,840 to me than having 1 E key on friend tech, right? 686 00:36:36,920 --> 00:36:39,480 Like because I would just speak so much more money on the back 687 00:36:39,560 --> 00:36:43,120 of that. So I don't know, I think I think 688 00:36:43,120 --> 00:36:46,160 it was flawed from the get go. They were onto something with 689 00:36:46,160 --> 00:36:47,600 reputation scores and everything. 690 00:36:48,400 --> 00:36:51,240 But maybe that didn't work out, I don't know. 691 00:36:52,440 --> 00:36:59,240 And OX5F, that's how I know him. I think he may have changed his 692 00:36:59,240 --> 00:37:04,600 handle, but he is launching that ethos project, which is kind of 693 00:37:04,600 --> 00:37:06,720 building on the the on chain reputation score. 694 00:37:06,720 --> 00:37:09,040 So I think that's getting closer to watching. 695 00:37:09,040 --> 00:37:13,040 So we'll see if that perhaps it is a positive that that comes 696 00:37:13,040 --> 00:37:15,520 out of this. I was kind of I was questioned 697 00:37:15,520 --> 00:37:16,480 so I was deep in the front extra. 698 00:37:16,480 --> 00:37:18,360 So I think that's not surprising anyone who's been kind of 699 00:37:18,360 --> 00:37:23,960 listening along for a few years. The the my challenge with like 700 00:37:24,080 --> 00:37:27,280 Fintech has a reputation score is who sets your reputation? 701 00:37:27,280 --> 00:37:30,040 And in Fintech it was the largest holders who weren't 702 00:37:30,040 --> 00:37:33,080 always good actors. So like you still have to have a 703 00:37:33,800 --> 00:37:36,480 it's the who's watching the watchman idea, right? 704 00:37:36,480 --> 00:37:40,720 Like, so who, who gets to to decide on on reputation? 705 00:37:41,160 --> 00:37:42,720 That's still an important question to answer. 706 00:37:43,080 --> 00:37:45,720 Last comment on the perhaps timely bocce. 707 00:37:45,760 --> 00:37:48,160 I don't have the tweet up from looks on chain but he's down to 708 00:37:48,160 --> 00:37:53,280 $16,000,000 dude position. Fuck I saw that how? 709 00:37:54,040 --> 00:37:58,960 How rich this MFR? He's got enough to splash around 710 00:37:58,960 --> 00:38:02,120 that he's not sweating $16,000,000 losses on on the on 711 00:38:02,120 --> 00:38:06,480 the Franklin, but perhaps he's even more vested in in 712 00:38:06,640 --> 00:38:11,040 Tickermachi succeeding here today, even though he might have 713 00:38:11,040 --> 00:38:15,360 a little bit less ammo to to fire into the to the secondary. 714 00:38:16,400 --> 00:38:17,600 I'll go through a couple more headlines. 715 00:38:17,600 --> 00:38:21,920 So we got the blast gold for September on Friday night. 716 00:38:21,920 --> 00:38:25,360 I think just the key take away fantasy now in in league of its 717 00:38:25,360 --> 00:38:27,520 own. It is in a new DAP weight called 718 00:38:27,520 --> 00:38:30,360 diamond. They got 1.3 million gold to 719 00:38:30,360 --> 00:38:33,120 give out here this month. And I think it's pretty much 720 00:38:33,120 --> 00:38:36,520 your your your standard list of apps who are who are Next up, 721 00:38:36,800 --> 00:38:40,160 thruster, Yolo games, Wasabi Juice Blitz, Wolf, all getting 722 00:38:40,200 --> 00:38:44,680 pretty sizable chunks of gold so that the blaspheming will 723 00:38:44,680 --> 00:38:48,680 continue, I think while you're gone, perhaps the most notable 724 00:38:49,360 --> 00:38:52,480 action or or punk grills. Yeah, I saw that. 725 00:38:52,880 --> 00:38:56,560 We saw we had that the 8 punk sell for 1.5 million three days 726 00:38:56,560 --> 00:39:02,120 ago, zombie for 2:40 and then the the zombie hoodie which many 727 00:39:02,120 --> 00:39:05,360 are calling one of the best punks in the entire collection. 728 00:39:06,240 --> 00:39:07,160 6. Sell for. 729 00:39:08,080 --> 00:39:09,080 What I mean? 70. 730 00:39:09,080 --> 00:39:11,160 Five Remember Remember like the other one was. 731 00:39:11,160 --> 00:39:13,480 Also one of the best punks in collection was the ape hoodie 732 00:39:13,520 --> 00:39:18,280 which was Danny sold it for 4008 or something. 733 00:39:18,880 --> 00:39:21,200 I think 33 one of the craziest sales. 734 00:39:21,440 --> 00:39:24,200 Cooked, cooked, everybody was hating on him and then market 735 00:39:24,200 --> 00:39:29,320 went to zero anyways. So like to me, like those two, 736 00:39:29,320 --> 00:39:31,600 like are there like two of them like those two? 737 00:39:31,600 --> 00:39:34,960 And then you know that zombie 1, the zombini, that's one of the 738 00:39:34,960 --> 00:39:38,840 biggest grails. And then of course, like some of 739 00:39:38,840 --> 00:39:42,240 them is super clean, like but super cool. 740 00:39:42,280 --> 00:39:45,480 Love to see it. And what was like kind of a chop 741 00:39:45,480 --> 00:39:49,400 week for NFTS punks, actually one of the the top movers, 742 00:39:49,400 --> 00:39:53,080 they're back quietly to a 29.84 so that they did a couple 743 00:39:53,080 --> 00:39:56,880 eighths when the over when the over leveraged buyer effectively 744 00:39:56,880 --> 00:40:00,240 got liquidated. But now they're back up 5% on 745 00:40:00,240 --> 00:40:01,480 the week. Just kind of taking a look 746 00:40:01,480 --> 00:40:04,480 through the NFT board again, pretty much chop board. 747 00:40:04,480 --> 00:40:08,400 Apes are even pudgies are down a ticket 3% node monkeys. 748 00:40:09,200 --> 00:40:11,880 There, even though it was a volatile week, I know Logan's 749 00:40:11,880 --> 00:40:14,760 shaking his head. We had the Rocktoshi drama. 750 00:40:15,080 --> 00:40:15,800 Rocktoshi. Drama. 751 00:40:16,200 --> 00:40:21,240 What is Villainarch? I was a little worried I still 752 00:40:21,240 --> 00:40:23,760 hold a couple of node monkeys of how this was going to go down. 753 00:40:24,200 --> 00:40:26,680 It looks like it's OK. Perhaps we're perhaps we're 754 00:40:26,800 --> 00:40:30,280 rooting on his villain arc. Logan, do you have any thoughts 755 00:40:30,320 --> 00:40:33,840 on the Rocktoshi and. I, I was just, I was just blown 756 00:40:33,840 --> 00:40:36,240 away. I think you should feel OK. 757 00:40:36,240 --> 00:40:38,640 I, I don't have any exposure to node monkeys anymore. 758 00:40:38,840 --> 00:40:43,160 I did for a time. I was expecting after Casey's 759 00:40:43,160 --> 00:40:46,200 comments, remember Raktoshi came out, said he was Co founder of 760 00:40:46,200 --> 00:40:48,720 Ordinals. Then Casey came out and said, 761 00:40:48,720 --> 00:40:53,480 no, not so fast. And the market, it kind of like 762 00:40:53,480 --> 00:40:56,240 pretty quickly shook it off. And then the, I think the most 763 00:40:56,240 --> 00:40:59,880 surprising thing to me was Udi's comments like sort of backing 764 00:40:59,880 --> 00:41:04,320 node monkeys, you know, and and of course big embracement of, of 765 00:41:04,320 --> 00:41:07,520 ordinals as a whole that that was surprising to see somebody 766 00:41:07,520 --> 00:41:12,360 of that stature come out and say that and the, the market, I mean 767 00:41:12,680 --> 00:41:15,520 to be neutral slash slightly up after all of that. 768 00:41:16,440 --> 00:41:18,760 I think that's a huge win in in my opinion. 769 00:41:19,400 --> 00:41:23,840 What's up with our pups? They're just kind of hanging out 770 00:41:23,840 --> 00:41:25,600 chopping at the point O eight level. 771 00:41:25,880 --> 00:41:28,000 I mean, I mean our pups. Oh, no. 772 00:41:28,000 --> 00:41:30,000 Oh. No. 773 00:41:31,920 --> 00:41:34,160 The the we don't really talk about pups anymore. 774 00:41:34,920 --> 00:41:36,680 Let's let's, let's pull this one up. 775 00:41:37,000 --> 00:41:40,800 Yeah, Oh, no. Is the correct, the correct way 776 00:41:40,800 --> 00:41:45,000 to respond to to pups market kept down to 23 million. 777 00:41:45,000 --> 00:41:49,280 So I am officially down on my buys around the $30 million 778 00:41:49,280 --> 00:41:53,080 mark, which is a quick reminder of pain for me. 779 00:41:53,080 --> 00:41:56,920 Was up a clean 30 XA peak. It wasn't enough for me to hit 780 00:41:56,920 --> 00:41:59,440 to hit the sell button. I needed more than a 30X he. 781 00:41:59,960 --> 00:42:02,120 Needed the other two X. He needed the other two XI have. 782 00:42:02,440 --> 00:42:06,480 To get that extra 2X. There was some FUD in the Runes 783 00:42:06,480 --> 00:42:07,440 world. There was some FUD around the 784 00:42:07,440 --> 00:42:09,280 decentralized stuff too. I don't know if you saw that 785 00:42:09,280 --> 00:42:13,160 Tyler, they went. Still in its name. 786 00:42:14,160 --> 00:42:16,840 Yeah. Perhaps we should have seen that 787 00:42:16,840 --> 00:42:18,600 coming. Yeah. 788 00:42:19,160 --> 00:42:22,360 I was tough. It's tough to refresh the runes 789 00:42:22,360 --> 00:42:25,640 board. Yeah, only only do so if you're 790 00:42:25,640 --> 00:42:27,440 seated and you're ready for pain. 791 00:42:28,160 --> 00:42:30,360 I will say it is the worst part of my morning. 792 00:42:30,360 --> 00:42:33,400 Every morning I, I go through for for the newsletter and I, I 793 00:42:33,400 --> 00:42:36,080 check on the Ethernetes, Bitcoin, Solana and I do ruins 794 00:42:36,520 --> 00:42:39,000 and I, I always hate to click the button because I know it's 795 00:42:39,000 --> 00:42:42,720 going to be bad. If it's not bad then it then I'm 796 00:42:42,760 --> 00:42:44,840 immediately elated. But that's that's rare. 797 00:42:45,280 --> 00:42:47,760 The first time it's not bad. Maybe you should sell some. 798 00:42:49,120 --> 00:42:51,640 I think was it he had another good comment on this. 799 00:42:52,080 --> 00:42:55,240 He was saying it's somewhat telling that everyone's kind of 800 00:42:55,240 --> 00:42:57,640 arguing over who created ordinals, but no one's arguing 801 00:42:57,720 --> 00:43:03,360 over who created runes. Perhaps a sign? 802 00:43:03,880 --> 00:43:06,840 That's so funny. Other times there so it's not 803 00:43:06,840 --> 00:43:08,600 great. Decentralized is truly 804 00:43:08,600 --> 00:43:11,160 decentralized. Interesting experiment for the 805 00:43:11,160 --> 00:43:12,400 summer. I mean they spent like 1,000,000 806 00:43:12,400 --> 00:43:15,840 bucks to get that. So this is the number 2 rune. 807 00:43:16,360 --> 00:43:19,440 You remember out of the gate the pre rune went nuts. 808 00:43:20,040 --> 00:43:23,720 Yeah, I remember that. Like 810 thousand USDI think I 809 00:43:23,720 --> 00:43:28,320 mean it was I'm talking about the pre rune ordinal, right, But 810 00:43:28,520 --> 00:43:31,840 it was it was really steamed coming out of the. 811 00:43:31,840 --> 00:43:37,000 Gate even this it's down, maybe it was 9095% higher that. 812 00:43:37,040 --> 00:43:39,880 Chart's horrible. Dude they all look like this. 813 00:43:40,880 --> 00:43:43,080 That's so bad. Other than dog. 814 00:43:43,080 --> 00:43:45,800 Dog is like, I mean, what? So what are the top runes? 815 00:43:45,920 --> 00:43:47,520 So we've got, yeah, dog is doing OK. 816 00:43:47,520 --> 00:43:50,440 It's hanging at 250 million. Let's look at the all time 817 00:43:50,440 --> 00:43:55,360 chart. So I mean it hit, it was closing 818 00:43:55,360 --> 00:43:57,840 in on a billion at one point. I think it got into the 9 819 00:43:57,840 --> 00:44:02,280 hundreds, got rejected off there and then kind of down only ever 820 00:44:02,280 --> 00:44:06,360 since that's that's the top performer and it's not really 821 00:44:06,400 --> 00:44:11,800 close. R6 hanging out 50 million, the 822 00:44:11,800 --> 00:44:14,960 pump hoping that the pump to 100 million that we saw in the last 823 00:44:14,960 --> 00:44:16,760 month was not the only exit pump. 824 00:44:17,520 --> 00:44:19,120 I was the Co founder of Ordinals. 825 00:44:19,280 --> 00:44:21,640 I I guess I have to tell you guys I've never said that 826 00:44:21,640 --> 00:44:25,280 publicly and to my knowledge nobody has either. 827 00:44:25,280 --> 00:44:27,800 But it's true. Before Casey, I was already 828 00:44:27,800 --> 00:44:29,680 working on implementing NFTS on Bitcoin. 829 00:44:29,880 --> 00:44:31,880 When he told me he believed he was the best person in the 830 00:44:31,880 --> 00:44:36,480 world, I agreed. So yeah, figured out there's no. 831 00:44:36,960 --> 00:44:40,520 There's clearly some history, there's some some bad blood. 832 00:44:41,000 --> 00:44:43,200 There's some beef, there's some beef there. 833 00:44:43,240 --> 00:44:48,000 There's there's something. Perhaps more will come out over 834 00:44:48,000 --> 00:44:51,360 time. That was mostly in In a Tea 835 00:44:51,360 --> 00:44:52,760 World. Doodles had a big week and they 836 00:44:52,760 --> 00:44:56,320 released their new music video. They had the premiere of the the 837 00:44:56,320 --> 00:44:59,200 film Dulesville and the Doodle verse. 838 00:44:59,200 --> 00:45:00,880 Then we saw a nice little rare cell. 839 00:45:01,320 --> 00:45:03,720 You know what Cat sold for 26860 K? 840 00:45:04,160 --> 00:45:10,960 You know what this guy, this, this Julian guy, CEO Mr. Hogan 841 00:45:11,320 --> 00:45:12,640 says. There's a lot of fucking credit 842 00:45:13,240 --> 00:45:16,000 took over the thing. Incredible work. 843 00:45:16,000 --> 00:45:17,760 I saw this Pharrell stuff this morning. 844 00:45:17,760 --> 00:45:20,800 Actually, I was catching up and some some work and on the 845 00:45:20,800 --> 00:45:25,040 timeline saw the doodles pic with like Pharrell like posing 846 00:45:25,040 --> 00:45:28,560 and fucking Julian. Hats off hats off. 847 00:45:28,680 --> 00:45:31,480 I I I now like if we see a resurgence of NFTS, they're in 848 00:45:31,480 --> 00:45:34,840 my top three. It's hats off. 849 00:45:34,920 --> 00:45:38,640 Like I love the whole board ape arc comeback like the energy of 850 00:45:38,640 --> 00:45:40,840 the timeline. Azuki's got a big September 851 00:45:40,840 --> 00:45:44,520 coming with anime chain and then you have dummy doodles fucking 852 00:45:44,520 --> 00:45:48,440 like cooking so I love it. I love it too. 853 00:45:48,560 --> 00:45:51,320 We like we are fans of Julian Hogan. 854 00:45:52,160 --> 00:45:55,320 Perhaps we'll get him back on the show here in the days and 855 00:45:55,320 --> 00:45:57,880 weeks to come that they are busy folks. 856 00:45:57,880 --> 00:46:01,000 We've got about 10 minutes left. It is time for our Arbitrum 857 00:46:01,080 --> 00:46:04,720 update here. So a a few topics. 858 00:46:04,720 --> 00:46:07,320 We've been talking about stylists a bit over the last 859 00:46:07,320 --> 00:46:10,880 couple weeks. We got a nice little prior here 860 00:46:10,880 --> 00:46:14,840 from Steven Goldfeder on on what it is. 861 00:46:15,000 --> 00:46:17,320 And I think again the game changer here is that stylus 862 00:46:17,320 --> 00:46:22,640 allows devs to write Rust CC plus plus fully operable with 863 00:46:22,640 --> 00:46:25,680 EVN. So there's think use cases like 864 00:46:25,680 --> 00:46:29,720 more advanced cryptography, crypto cryptography curves that 865 00:46:29,720 --> 00:46:33,320 aren't available on EVM, precompile, existing ML library. 866 00:46:33,320 --> 00:46:38,120 These are all now available on Arbitrum and we are starting to 867 00:46:38,120 --> 00:46:42,480 see some impact of that and projects that are building. 868 00:46:42,480 --> 00:46:48,160 So Superposition stylus season and X Superposition summer has 869 00:46:48,160 --> 00:46:51,080 started. So what is Superposition? 870 00:46:52,080 --> 00:46:54,560 It it's flashy folks. So they are introducing the 871 00:46:54,560 --> 00:46:58,520 concept of universal shared liquidity, where liquidity 872 00:46:58,520 --> 00:47:02,200 exists in a state of super super position. 873 00:47:02,200 --> 00:47:05,800 They're saying this will unlock the long tail AMM. 874 00:47:06,120 --> 00:47:09,440 In advantage of this type of order book is permissionless 875 00:47:09,440 --> 00:47:12,040 access to universally shared liquidity. 876 00:47:12,200 --> 00:47:16,800 Having one shared pool instead of several liquidity pools and 877 00:47:16,800 --> 00:47:21,160 protocols can be built on top of the order book and then utilize 878 00:47:21,160 --> 00:47:24,280 this liquidity for themselves. And then they go on in this 879 00:47:24,280 --> 00:47:26,720 announcement thread to kind of talk about some additional use 880 00:47:26,720 --> 00:47:29,120 cases, how they're leveraging account abstraction and and 881 00:47:29,120 --> 00:47:31,600 arbitrage stylus to make this happen. 882 00:47:32,280 --> 00:47:33,840 It it seems like a very big deal. 883 00:47:33,840 --> 00:47:38,280 I mean, liquidity, one of the the most important concepts and, 884 00:47:38,280 --> 00:47:41,400 and crypto and tokens and protocols. 885 00:47:41,440 --> 00:47:45,320 And now with Stylus, they're able to perhaps unlock more 886 00:47:45,320 --> 00:47:48,600 liquidity pools across Arbitrum across chains. 887 00:47:48,600 --> 00:47:51,960 So I think we still want to see a few more examples from this, 888 00:47:51,960 --> 00:47:56,400 but a very important building block here from superposition. 889 00:47:56,400 --> 00:48:00,800 And then, you know, another development out of Stylus here 890 00:48:01,120 --> 00:48:05,040 is that the Renegade protocol, this is the first on chain dark 891 00:48:05,040 --> 00:48:07,600 pool now live on Arbitrum. Logan, I know you were looking 892 00:48:07,600 --> 00:48:10,360 into this one. Are you able to walk us through 893 00:48:10,360 --> 00:48:13,120 what Renegade? So I, I didn't know what a dark 894 00:48:13,120 --> 00:48:16,560 pool was, but I looked it up. It's apparently, as they've 895 00:48:16,560 --> 00:48:19,520 noted here, the accounts for nearly half the tratify market, 896 00:48:19,520 --> 00:48:22,960 but basically allows for, you know, these big parties to trade 897 00:48:22,960 --> 00:48:24,920 for themselves without impacting the market. 898 00:48:24,920 --> 00:48:28,120 So they call it a dark pool. And previously you mentioned the 899 00:48:28,120 --> 00:48:31,480 crypto, the cryptography updates now available with stylus, 900 00:48:31,480 --> 00:48:34,720 they're allowed to utilize kind of those improvements to enable 901 00:48:34,720 --> 00:48:39,960 those dark pools on chain. So allowing, you know, excuse 902 00:48:39,960 --> 00:48:42,480 me, parties to take advantage of that and not lose to things like 903 00:48:42,480 --> 00:48:47,240 MEV bots, copy trading, arbitrage type stuff that, you 904 00:48:47,240 --> 00:48:49,400 know, kind of comes with blockchain and the transparency 905 00:48:49,400 --> 00:48:50,760 of them. So this is this is really, 906 00:48:50,760 --> 00:48:52,960 really cool. Renegade also an awesome name as 907 00:48:52,960 --> 00:48:57,000 an aside. Yeah, but it's a it's a really, 908 00:48:57,000 --> 00:48:59,120 really cool name. But taking advantage of that, 909 00:49:00,000 --> 00:49:03,160 you know, very clear direct impact of stylist, you know, 910 00:49:03,160 --> 00:49:05,720 with the advancements in cryptography, I think if if 911 00:49:05,720 --> 00:49:08,840 you're someone who I'm not the technical person, but if you're 912 00:49:08,840 --> 00:49:12,880 somebody who like is a huge cryptography nerd, like there's 913 00:49:12,880 --> 00:49:15,880 no better time probably to be messing routes, things like this 914 00:49:15,880 --> 00:49:19,160 with stylist now on Arbitrum, seems like we're going to unlock 915 00:49:19,160 --> 00:49:22,560 some use cases that, you know, I'd only been probably dreamed 916 00:49:22,560 --> 00:49:25,600 of before and now enabled Renegade being one of them with 917 00:49:25,600 --> 00:49:28,320 the dark pools. Dark pools Renegade done an 918 00:49:28,320 --> 00:49:29,800 excellent job on the branding as well. 919 00:49:29,800 --> 00:49:32,280 Seems really really cool. Well, I mean, even for a casual 920 00:49:32,280 --> 00:49:35,760 trader like myself, I, I still want to avoid MEV bots. 921 00:49:36,840 --> 00:49:39,720 I've I've been victim to the sandwich attacks, you know, 922 00:49:39,720 --> 00:49:44,880 doing casual trades on chain. So there is a real benefit to to 923 00:49:44,960 --> 00:49:49,160 trying to avoid that and. I'm sorry, Tyler, I'm just gonna 924 00:49:49,160 --> 00:49:52,120 and and you can actually do it as well here with with Renegade. 925 00:49:52,120 --> 00:49:53,680 I think they call that out in the thread. 926 00:49:53,680 --> 00:49:56,680 Like this isn't just institutions that that's where 927 00:49:56,680 --> 00:49:58,640 it's utilized in traditional finance, right? 928 00:49:58,640 --> 00:50:00,600 Like these major, major institutions that are moving 929 00:50:00,960 --> 00:50:03,400 massive size that could impact the market. 930 00:50:03,520 --> 00:50:06,920 They're doing so in the dark pool to avoid that here. 931 00:50:06,920 --> 00:50:11,000 I mean, you, you know, you have much bigger size than most 932 00:50:11,000 --> 00:50:13,000 participants, right? But like you can participate. 933 00:50:13,000 --> 00:50:16,000 I could participate and that's, you know, that's a, a huge 934 00:50:16,000 --> 00:50:18,840 advantage to miss out on those MAV bots and things like that. 935 00:50:19,920 --> 00:50:22,600 Well, and I may not be worried about being copy traded, but but 936 00:50:22,640 --> 00:50:25,240 perhaps there are whales who don't want to be copy traded, 937 00:50:25,360 --> 00:50:27,160 right. And here's like that's one of 938 00:50:27,160 --> 00:50:29,840 the advantages of dark pools as as you can act anonymously. 939 00:50:29,880 --> 00:50:32,520 This was a big deal back in the NFT run in 2021. 940 00:50:32,960 --> 00:50:37,520 I remember guys like Andy, Andy, 805, Two or or DS, we were all 941 00:50:37,520 --> 00:50:40,560 tracking their wallets. I have notifications on for both 942 00:50:40,560 --> 00:50:42,080 of you. I've had them on for a long 943 00:50:42,080 --> 00:50:45,520 time. It's an archive chat on Telegram 944 00:50:45,520 --> 00:50:49,200 now, but at one point in time. At one point in time. 945 00:50:51,280 --> 00:50:53,200 And I remember folks saying, well, I'm going to spin up some 946 00:50:53,200 --> 00:50:57,760 alts so I don't just non-stop get copy treated and there is 947 00:50:57,760 --> 00:51:01,360 some some real utility to that. So shout out to to renegade. 948 00:51:01,360 --> 00:51:04,240 This sounds pretty cool. Stylus making it happen. 949 00:51:04,240 --> 00:51:09,240 So Stylus summer, that really is happening on Arbitron. 950 00:51:09,240 --> 00:51:11,280 In fact, they've got so many bullish updates and they just 951 00:51:11,280 --> 00:51:13,640 keep coming. So shout out to Arbitron. 952 00:51:13,640 --> 00:51:18,360 We we love partnering them with them here on a weekly basis that 953 00:51:18,360 --> 00:51:21,560 folks, I think we're going to wrap up today's show. 954 00:51:21,680 --> 00:51:26,800 Quick note, we do have an announcement with Kraken coming 955 00:51:26,800 --> 00:51:29,840 tomorrow. So stay tuned for that. 956 00:51:30,120 --> 00:51:33,920 I will have Robit spins back later in the week this tomorrow. 957 00:51:33,920 --> 00:51:36,000 I think you are out, but then we're going to have you back for 958 00:51:36,000 --> 00:51:38,760 good. I am out tomorrow. 959 00:51:38,760 --> 00:51:41,280 We've got some pretty big announcements going live in like 960 00:51:41,280 --> 00:51:44,200 an hour or so or more. I don't know. 961 00:51:44,200 --> 00:51:48,320 I'm freaking out. So yeah, this is like, yeah, 962 00:51:48,480 --> 00:51:50,240 yeah. Anyways, So yeah, this is like 963 00:51:50,240 --> 00:51:51,960 the biggest thing we've announced since merging with the 964 00:51:51,960 --> 00:51:54,720 Crypt. So to be big like twice a year 965 00:51:54,720 --> 00:51:57,600 we have something big enough to give me a panic attack, and it 966 00:51:57,600 --> 00:52:00,520 happened an hour ago, So. So yeah. 967 00:52:00,600 --> 00:52:03,440 So we're out there and then tomorrow I'm out because I'll be 968 00:52:03,440 --> 00:52:06,560 on the plane flying back to Canada and then I am on the East 969 00:52:06,560 --> 00:52:09,200 Coast for the rest of the year. I'm so excited. 970 00:52:09,520 --> 00:52:13,320 Big, big, big, big. Couple of months on the way and 971 00:52:13,320 --> 00:52:16,600 yeah, we have 6 robot spins this week, so stay tuned. 972 00:52:17,040 --> 00:52:19,640 Big wins coming, big wins. We're winning a punk this week. 973 00:52:19,920 --> 00:52:22,560 There's gonna be a punk. It's going to be a big day. 974 00:52:22,560 --> 00:52:25,880 It's going to be a big week. You heard it here first, folks. 975 00:52:26,280 --> 00:52:29,080 As for today, thank you for tuning and we will be back 976 00:52:29,080 --> 00:52:32,000 tomorrow to break down all of today's action. 977 00:52:32,200 --> 00:52:34,080 As for today, go have a great Monday. 978 00:52:34,080 --> 00:52:35,560 Go make it a beautiful day. Goodbye.