Good morning. Good morning everyone, GMGM and
welcome to another episode of FOMO.
Our today your day is Tuesday, June 24, 2025.
Folks, it was, it has been an eventful start through the week
to say the least. There is a ceasefire on the
table. It's sort of been broken a few
times. Trump is cussing as he's
describing the situation. Meanwhile, markets are
rebounding fiercely. And so we are asking today, is
the war bottom behind us or are we in for more pain?
We're going to break it all down on today's show.
No for Oak, he's out all week. But we got Mando and Logan in
the house, boys. How you doing, Jim Mando?
GM man, I am. I'm doing good.
My birthday yesterday.
I've just been catching up with stuff today catching strays.
Catching strays from rival casino products and and articles
being written it seems things you hate to see but loved your
response. Yeah, well, I woke up after my
birthday check CT, but I'd do some positive tweets.
Well, the shirt is on today. He's taking marriage very
seriously, folks. We've also got Logan on with us.
Always serious. Logan, Jim.
Hey, good morning. I missed the birthday.
I'm sorry, Mando, happy birthday, I belated at this
point. Yeah, I'm 34.
Nice. I I normally tell people I'm not
much of AA birthday person, so I typically default to
congratulations on being old. It's kind of like my little
thing for so Congrats on being old.
Nevertheless, I'm I'm doing well here.
It's extremely hot. One more time market following
in kind today. Indeed, we're we're finally
going to get past the heat. I think in the mid 30s, mid 30s
are great. It's like the body typically
holds up to the 30s. I feel like 40s when things
start to get a little, a little iffy.
That's what that's what I'm saying.
So enjoy it. Hopefully you had a good one,
folks. What are we talking about on
today's show? We're going to start with
Mando's market report. We've got this week.
I response against the US. We got the ceasefire.
Is it going to last? We saw huge moves across majors,
alts and memes on the back of that circle punch more
yesterday, maybe cool enough. It was actually open to red
today. Trump, it's cruising the 80
billion in stables. We had seven at least seven
different corporate treasury announcements yesterday.
Texas is becoming the first state to buy Bitcoin.
The the Housing Authority in the US now studying crypto as
collateral. That was a big one a couple big
raises, one on mega ETH and now one from Polymarket breaking
before the show yesterday. We missed those NFTS and
Telegraph sticker sales. We might dive into that later
today as well. So we've got a lot to cover
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All right and up, if you're ready, let's get into it.
Oh, is that music? You dig?
It GM everyone so yeah we probably a good day all round
feels like we're getting closer to the end of Israel versus Iran
situation Trump has been calling it the 14 day war.
There is a loose ceasefire in place now.
There's been ceasefires before between is from Hezbollah and
Israel, Hamas and and they've been broken before.
The one they do, they tend to have periods of like just after
the ceasefire, both both plain, you know, to have broken it.
And then normally a few days later things start to like cool
down. So hopefully we've got probably
another 2448 hours of they did this.
And then maybe after that it will it will calm down.
I've never seen Trump as animated as he was getting into
the is the helicopter a plane? Definitely seems like he's not
happy at this ceasefire breaking down.
Must must not have slept that much I imagine over the last few
days Trump. But it does feel as though we're
getting towards the end of this, which I think is is a good
thing. I think on the table now really
as if this now turns into a broader peace process.
Remember, Israel, Israel has has been fighting a mass Hezbollah,
Iran, many of them are seen to be Israel proxies, the Houthis
as well. So if there is going to be a
peace process here, I think there will be an aim to try and
do it across everything. And that might take a little bit
longer, but I think that will be the aim of negotiators for sure
here to try and put a bed to kind of everything.
So I think that's it. I think that will be probably a
win for for kind of all sides. I think.
I think in terms of markets, we had a bit of a rally, but like
stocks never really sold off. So it wasn't really like a a
thing that really affected stocks.
The main mover has been oil, which is down a decent amount.
I think you had also other Gulf nations pumping a lot to kind of
Quelvis Trump was saying that yesterday.
So the fact that this is already over kind of points to the idea
that, yeah, oil isn't going to gap up.
I think. I think it also puts, I think
oil is also pricing the idea of like maybe a wider peace process
now after this as well, which would which would also take it
lower. So, yeah, tough to be tough to
be long on oil into the headlines that we got yesterday.
I think, I think I think they're pretty bad if you if you're
looking for geopolitics to flare up again in terms of macro
stuff, there's been some light indications from Fed officials
again that the July, that the July rate meeting might might be
in play. So it'll be interesting how that
develops over the next few weeks.
I don't think it will be, but it's yeah, let's let's see that
they are surging that at least we will get one odds at least
assuming that we'll get one by September.
But yeah, let's see, let's see how that one unfolds.
In terms of crypto, it was mainly just more treasury
headlines. The biggest one was probably
Pomp known for the Pomp podcast raising 750 million looks like
to buy Bitcoin. There's a weird like corporate
structure around it feels like it's a merger at the same time
with another company. So they're basically raising 750
million to buy Bitcoin, which is a good sign.
And then Texas, Texas coming in going to buy 10 million Bitcoin,
which is pretty wild of a state of that size, which which you
think is quite, quite a big step change I think in how people
will be crypto. And again just means that we'll
see more and more of these treasury style companies.
And I think that's going to be, I think that's going to be taken
very, very positively on, on macro.
I think we just had consumer confidence, but nothing there
will will move the market that much.
We had Tesla come out I think and, and announced their robo
taxes are coming. So that's kind of taking NASDAQ,
NASDAQ car yesterday and today, but pretty quiet I think
overall, overall there. But yeah, same same trend of
treasury companies buying Bitcoin.
Oh, the metaplanic also said they're going to buy 5 billion
as well. I think so for good measure.
So yeah, that's it. Yeah, the, the corporate
treasury stuff was, was wild. I'll, I'll just run through the,
the list that I had for, for my newsletter.
I, I just put it in its own section.
There were so many. So Pomp announced his $750
million raise Bitcoin company. We had this company called
Sequans Communication. I think it's a semiconductor
company. They're going to raise 380
million to buy Bitcoin. We've got this former hedge fund
Coral Capital. They're raising 100 million to,
to, to start up AB and B style treasury company.
Sailor. We, we had his headline 245
Bitcoin last week. Metaplanet bought 1100 last
week. They now have 11,000 bitcoins.
So if folks haven't been following Metaplanet, they have
been. I think they, I think they're #2
I don't have the data in front of me, but they have to be
close. Do you know what Metaplanet
does? They buy Bitcoin, no.
No, they do hotels in Japan. Yeah, they have like a Bitcoin
hotel. I, I looked that up a while ago.
It's, I mean, par for the course.
They didn't. They just had failing hotels and
then they they pivoted to Bitcoin.
And now they're hotels are doing better, I bet their stock ones
has been doing quite well, I believe.
Yeah. So what's up?
Sorry to interrupt you, Tyler. No, no, no worries.
It is. That's right.
It's like. A hot they're like the whole the
failed Holiday Inn of Japan decided that they were going to
get in involved and buy Bitcoin and now everyone's heard of
them. But they're like in in Japan,
they're probably just known as like that weird place you once
got a hotel in in some rogue city in the US.
That's that's kind of what they are.
Now they're worth 920 billion GP wise.
What's GP wise? USD.
About 150 now all. Right.
So they're not, it's not huge. So it's like 635 million or
something. It's one way to, to go about it,
certainly. And then Trump media was another
one. Not like it wasn't new news, but
they basically confirm their plans.
They're going to do 2.3 billion. They're also going to do a $400
million share buyback. So they are they're flushed with
capital and they're finding ways to to use it.
At least that seems to be the the trend there.
The the rates move was a big one I was watching yesterday.
So Bauman came out with some very dovish comments, basically
said inflation has been pretty low and we're open to cutting as
soon as July. And yesterday to the CME odds
popped to 23% for July cut, which was a 50% move.
But then Powell came out this morning and kind of squashed it
and said, I'm not in a hurry to to do anything.
And yes, inflation is low, but we know these tariffs are
looming and they can still spike inflation.
So this was actually one of my questions for you it.
Does have everyone had to vote? So although he has the deciding
vote, I'm just trying to put respective that like it, it
probably puts on the card the September rate card if enough of
the members think they should be a rate cut as well.
Yeah, I mean it's definitely it's heavily favored.
I mean we're we're looking at 66% for one, 12% for two.
So a massive favorite for a rate cut September, which I think is
the consensus view right now is that we probably will not see
one this summer, but the odds in July are are increasing.
It's still a lot of time. I think the big one for me.
So I'm starting to think of like what is the next summer
catalyst? We kind of talked about this
yesterday a little bit. If the war is behind us, what's
next? I'm wondering if it's this July
9th tariff deadline so that the 90 day pause that Trump put in.
I believe that that comes up July 9th.
And the reality is we haven't had a whole lot of progress on
trade deals. I think the US got one done with
the UK and that's pretty much it.
So. I think, I think China, I mean,
The thing is they'll just extend, right.
If there's, if there's nothing on the table, like there's
certainly been a lot on the table.
It feels like the EU is becoming the more difficult one, which
maybe is expected, but but I think we'll see trade deals.
I just don't know how many we'll see.
I, I, I don't know. I was thinking about that today,
like in terms of the big geopolitic flare ups, right?
Like what could really go wrong? Middle East is always there, but
but there is somewhat of a light of the tunnel for the
second-half of this year that you could get some sort of a
deal in place. And let's see Ukraine, Russia.
I do think that one of the by products of what Trump just did
is that he's he's shown that he's he's not just a talker.
You know, there's before there was a lot of like he never does
anything, you know, he just he's all talk, right.
I do think that with Russia, Ukraine, you'll get a peace deal
as well in the coming months. And and then you really just
left with Taiwan. I was thinking to myself, I was
like, is, is that The thing is Taiwan the next one?
I don't know, I don't know. China didn't get involved.
Maybe maybe they they decide it's time.
That's the only other like really big one on the horizon,
if you don't count like the horrific civil wars going on in
Sudan and and some of the other African nations at the moment.
But that's like the the big one that would cause markets to to
massively flare up. Let's see how the ads are
turning. So I think a lot of sharper
geopolitical experts that I follow still have China invading
Taiwan, as is one of the bigger items to look out for.
I wouldn't call it a favorite outcome, but they think it's a
very real chance of it happening Now that that's at some point
that's not in this year. They're not trying to predict
exactly when it's going to happen.
That does feel like the next one.
So I think we we want to fade that from a geopolitical
standpoint. I think from a domestic
standpoint, it's really just inflation driven by the tariffs.
Like we need tariff deals or delays.
Like I'm trying to think of like what else goes wrong?
Like what throws a monkey wrench in?
This well, there's always something, isn't there?
There's always something, I don't think many of us saw this
coming two weeks ago when Bitcoin was sitting at 110K and
it was at 2800. I did not see this escalation
coming. I really, I really do start to
think about these things. I'm just like, what is the
thing? You know, you could, you could
get a significant terrorist attack.
That's what you could get here. That that's still on the table.
I don't know, in like a Western nation that I think, I think
that that that could happen to like derail a, a peace process
potentially. I don't know how significant,
but like that, that, that that could be on the cards.
And then yeah, like it would have to be, we've got tariffs,
which I, I think we're at Max tariffs.
You know, I think they're probably going to come down from
tariffs. It would really have to be like
a bit of a, it would have to be rates going higher.
I think would be the only thing that would really scare the
market here if 10 year keeps going past 5%.
Now it didn't really scare it that much.
That was the first half this year.
But I do think there's a level the the US pays three nearly $4
billion a day in in interest rates, interest payments, just
just to be very, very clear about that.
Like that is an absurd figure, absolutely absurd.
Talk about like how much was given to Ukraine, right?
About 40 billion, I think, or maybe close to 80 billion.
That's like a month or two of interest payments.
Like it is absurd how big the US interest rate payments are right
now. And I think if they were to go
up to like five 5% plus, I think people would be scared.
So that, but that's that's my one I would say to be to watch
out for. Oh, we, we spent a few weeks
trying to fix that and talking about austerity measures and
everyone freaked out. So, so, so we pivoted.
We, we, we went Main Street over Wall Street for a, for a week
and people did not like the SP, the, the S&P following.
So now it's back within 1% of all time highs, but the debt is
is going up. So pick, pick your poison.
I'm gonna I'm gonna still play a game of like because I think
people just So what are the larger single budget items on
the US deficit? I would love to see like just to
put in perspective for people how big this fucking is.
So yeah, you spend more on interest than you do on defence.
That is wild. Yeah.
What things cost 30 billion? This is a this is this is really
interesting to see what what gets spent.
NASA NASA costs 30 billion. So that's a month interest.
Wow, the total. So they want to talk about
military aid, right or non military aid military.
The aid budget is 30 billion. OK.
So that gives you a sense again, like Elon, Elon going in there
and being like, hey, we're going to cut all this this aid to
other countries of which like Pakistan, Egypt, Israel, which
other ones get big US, I think what about the biggest Ukraine,
obviously. Yeah, Ukraine.
Jordan, I think gets a lot. Yeah, this is just wild like.
It puts it in perspective and it's just going to keep getting
worse, unfortunately, which in theory it is also that one of
the core theses behind stock markets going up, Bitcoin going
up, it's just an increased printing.
The other headline that I saw is somewhat related to this, and I
don't know if we've talked about it on the show yet.
And I'm curious for, for your thoughts is the other Fed
change, I don't know that this is going in immediately, but I
believe it's, it's happening potentially soon.
Is there talking about easing one of these bank rules that
allows that? That was if, if it was like tied
to how they were doing their accounting.
And as I understand it, it's, it's effectively going to make
it easier for them to buy treasuries and it's going to
loosen credit policy. So with the ultimate outcome of
it driving more liquidity into the market, am I capturing that
appropriately? Have you been following this?
I'm trying to find the article here.
For I mean, that's a, that's a, that's one way of saying it.
I would say the other way of saying is saying that banks are
probably less well capitalized, which is what happened after
2008. They're probably.
Pitched. So that's the.
You get more credit. Yeah, this is this looks like a
retrenchment of some of the 2008 Yeah, Glass Lewis acts I.
Think it's the, the supplementary leverage ratio
we're going to be changing that effectively looser capital
requirements, more lending, but it it makes, it introduces a lot
more fragility risk into the system.
So what what could go, what could go wrong?
So we'll that's another one to to look out for, I guess as a
short term bullish catalyst. We don't know what it
necessarily means longer term. Yes, short term, yeah, short
term easing of 2008 bank liquidity rules is probably can
lead to a bit of a, a bump. I, I, I wouldn't say it's my
favorite time to do that given the amount of unrealised losses
on a lot of these bank balance sheets right now.
Let's see. You shall see.
Indeed. Notable move in the Fear and
Greed index. I think we're at 37, you know,
stay already jumped to 47 and honestly, that is already it's
it's wild how fast that can shift and you already see it
since I've been on the timeline, I've I would argue it's probably
already a bit higher than that. But like let's look at some of
these moves. So Bitcoin one O 5 four up 3%.
It feels like it's up even more than that.
If I'm being bombed. I mean it was in 90 eights what
on Sunday, So up a a solid 7000 from there.
ETH is back at 2430 outpacing Bitcoin on the day Solana
outpacing it as well back at 1:45 hype up 4 percent 37.
I mean that that dip to 30 was erased rapidly.
That was you. You had a day and a half, maybe
less to to buy that dip. So clearly the money is waiting
to jump in there say was the the leader.
I thought this was just random, but apparently the state of
Wyoming it is looking at partnering with say for their
stable coin. Do I have the headline right?
Logan? Did you have a chance to to?
I did not see that. That seems really weird, but why
not? Let's pull this up.
Say price skyrockets as Wyoming considers it for a new stable
coin. I, you know, I don't think
that's what it really is. Like if you, if you've noticed
that, that, that say was a very heavily or popular short in the
market, I think before headline came out.
There's there's a couple of others that had like monstrous
move yesterday's move, you know, that token that like they've
basically given up on that L1 that had like a monstrous move
yesterday. But this is trading at 1.6
billion. So if you if you zoom out on the
safe chart, it kind of looks like that, but like it's it's
you have some big moves. Basically.
I think you had a big short squeeze in the market yesterday.
Big, big short squeeze. The top movers were were I think
a lot of the the tokens that that were heavily sorted and I
think say is one of them. I think where did like Tia had a
big move as well. Yeah, feels like.
All these charts look the same. The the the one that I've been
following is this. If you go into hyper liquid,
this long hype and long Bitcoin short everything else, the
vaults. If you go to the vaults, it's
become one of the most popular vaults.
I haven't put any money in here. Oh wow, I've never seen.
Short garbage. Brilliant.
Bracing this is now back to 0%. Last monthly return like this
this was doing this was like crushing it, but he was short a
bunch of things that just had a massive short squeeze basically
yesterday. I I quite like this as a
strategy. I said I've been doing it with
certain, with certain tickers, but interestingly he's short
like he's. Like Yikes, 8 is number 2 on the
list. 20X yeah, 20X short. I'm I'm I'm like long ETH hype
Bitcoin and short other things against that basically.
This is an interesting vault. I from my perspective, I'm not
as deep in this as you. I would like, I would probably
cut out like the top eight of these shorts and maybe go
further down like a little bit more of the true garbage.
Like I don't know, I don't throwing Ethan's soul in here
along with the a Bitcoin pump. So you're basically just betting
on massive Bitcoin dominance. And and hype dominance in alts.
That's basically what it is. Yeah.
Which I think is not what I would be betting on.
I I have exactly your thought as well is that like when I'm
looking, I've told you like I looked at Sui, I looked at on
Ondo, I looked at what else have I been short?
Let me bring up my shorts. To be memes were great shorts.
Oh bear. Oh Yikes, too soon.
It's, it's not that I'd like, I think these, they're terrible.
It's just the tokenomics is terrible, right?
Like just some, some of them just have like crazy tokenomics
and it's just really hard to get the other side of that.
What else does that show? Arbitrum.
I'm sure it's an arbitrum. Yeah, Anyone can create their
own basket and then other users effectively can can choose if
they want to play in there. All right, this is, I've never
really done it around in here. It's interesting.
You get 10% of the profits of the vault, so you basically it's
like running a hedge fund but you keep 10%.
Got. It you have to seed it with an
initial amount basically. So he was doing very well and
yeah, basically until the last week 0 basically got zeroed out.
Well, height, height moved down and then height kind of
underperformed on this bounce. I would say like it's up like I
said, I got in like 32 ish, it's up 10% ish from that low.
But like other things are up a lot more soft as he is short is
up a lot more. Yeah, coming back to some of the
other members just quickly, there was some of the memes, SBX
very notable. I mean, we love Farcorn.
I love Farcorn. Talk about on the show a lot.
I think it's somewhat indisputable that SBX is a
faster horse right now. Like this thing.
It went all the way to $1.60, crashed all the way to a dollar
and then rocketed 30% off the bottom and this was vicious
move. You see with Tyler, I saw that
on the board partnered with DFDVI.
See that this morning? I missed the news I saw that it
was pumping with has been also strong and blunts continues to
to bull post the width chart as well.
So it's it's hanging around. There is a little bit of a curl
on this one year chart if I squint a little bit.
So I'm not going to be short with I'll say Logie, any, any
commentary from your side's reactions to any of the major
move, the me move also any we kind of covered in the first
half of the show? Not not too much additional to
add from my perspective, sorry. I got a dog barking here but I
just wanted to add 2 little things.
There was a quote from someone in an article by at the Crypt
that talked about the ping ponging of headlines.
I I just continue to expect that and then I'm distracted by the
dog. I don't remember the other
thing, sorry. Code for today.
Real quick folks, the code for today will be yeet, so we will
do double double giveaways later today 1515 minutes or so 1520
minutes here I got distracted by this price action so Bitcoin
1O55 all right so we are we are moving up nicely here here today
so feeling good about that. I kind of feel like it's
slightly a trap here. I'd be wary.
I've seen that that we might be a little bit of a bull trap.
I don't think it's like a full trap, but like the price action
we, that we saw. I don't know, just be wary, man.
Just we had this really big rally now and it feels like
yesterday everyone was desperate to get the wrist on as quickly
as possible. You can see that with the short
squeeze and I think the next leg of this is probably a leg down
and then the good stuff probably rises to the top.
Maybe we have joyful July now, one less than one week out in
the ME market got to talk with this useless coins a bonk guy.
Bonk guy was right again. He, he's been pulling his own
Maraud arc on this useless token.
This thing's at 140 million now it's up 37%.
So from what I'm, what I'm classifying as this new group of
memes, the new soul memes, it's the clear leader right now.
And I mean, man, this thing was hanging out sub 10,000,002 1/2
weeks ago. You're looking at a 20X and 18
days. We don't see that too often
these days in this meme market. So I I found that notable.
The Boo Boo has been strong. Chill house has been strong.
There's actually a handful printing 30 to 50% moves.
It also looks like the virtual's ecosystem has been bouncing back
as well as that crypto AI board. I think crypto AI back to about
9 billion or so. So some, some signs of life
here, perhaps because the pump token got delayed.
I think that's the again, the overhang.
If we get any news on that, expect some more volatility in
the the sole me market. Checking in on our our favorite
stock circle 24249 down 5%. Didn't know it had red, didn't
know it had a red days Yesterday it hit 300.
It flipped USD, CS market cap. It came close to flipping
Coinbase. I think it I think it may have
flipped Robin Hood. It, it, it was just some some
crazy comps out there. I think a lot has become very
popular to to be short this one. We will see how that how that
plays out. It has been on a a parabolic
run, that much is certain. What I found interesting
yesterday we talked about circle a lot.
We don't need to spend as much time on today was the the Tron.
So Tron is seeing what circle is is doing and wants everyone to
know just just how many stable coins they have.
I'm trying to find the tweet 80 Yeah here it is all right.
For those in the stream 80 billion in USDT.
So tethers USDT surpassing $80 billion, up 20 billion in 2025,
just grinding up only I, I saw a tweet that it, it's been
consensus that Plasma is the is the proxy bet on Tether, but it
shouldn't be Tron. And I feel like where this gets
interesting is we know that Tron is going to IPO soon.
I think they're they're doing stable.
Coins. Because stable coins are the hot
thing. Yeah, but it doesn't mean they
make money like I guess they make money on the fees, don't
they? But it's it's a slightly
different business model to circle, I guess in that they're
not making the yield on the treasuries, right.
Tron is a bet on money laundering and and sanctions.
Bet on that. I think a bet on the East,
perhaps more broadly, maybe a bet on Justin's son.
And I think there's also now an argument to be made to to bet on
tethering stables. So that's it's top of mind for
me. So if if you were thinking about
playing upcoming IP OS of all the ones we know about right
now, I think so we got news that OK, X is spying an IPO Tron,
what else? I think there was another one
was maybe Jim and I. There's going to be a handful of
these coming out. I would say the Toronto's the
most interesting. I mean, it depends on on where
they want to come out at. It's definitely a better better
story I think than Ripple. Ripple's another one where I'm a
respect the pump guy. I'm not not not ready to go
short, but by any means it's because of the the army behind
that one. Yeah, actually that's to be
fair. If Ripple stock comes out, go
and help us. The limit.
The limit does not exist. The stuff that's going to be set
on TikTok, it's going wild. We'll continue to to monitor
this sector. There's, there's clearly the
growing cohort of CT who's is now migrated to just trading
stocks and is leaving our beloved Alts alone.
Some breaking news before the show.
More on on the raising side. So it looks like Polymarket is
raising 200 million and evaluation over 1 billion.
So big, big numbers for them. This comes what just a couple
weeks after news of their integration with X and and XAI.
They're going to be the, the, the prediction market of choice
for Twitter. That was big.
And I think what also has jumped out to me is there was always
the conversation of what will prediction markets polymarket do
post election. And during the quiet times,
Polymarket primarily rode sports betting to keep their daily
volumes up. But now during this the the
geopolitical crises, it's found itself back on top of the
timeline again. And you see more and more folks
kind of referencing markets talking about what's going to
happen. I think Polymarkets X account
may lead a little bit too hard into it the direction that their
betters are predicting what's going to happen.
And there's a little bit of egg on on their face yesterday with
some of their aggressive promotion, but and hard to argue
with the success they've had. And some of these markets saw, I
think that one, the leading Iran one, like would the US strike
back one of those saw like 40 million in action so that
they're seeing big numbers. Logan, are there any response?
And you're saying yeah on the Polymarket race?
Yeah. I was just going to say, I mean,
you may know it, it's being referenced more frequently by
people that you would characterize as like legitimate,
you know, reporters or analysts, right.
And it's not, it's not seen as perhaps as polymarket perhaps
would like it to be the source of truth or anything like that.
It's a data point, which at at this point in time is becoming
a, a more legitimate data point to potentially build an argument
or, you know, add to an argument.
And I think that's, that's pretty important because the
validity of these markets was certainly in question, you know,
coming into the the election last year about like, you know,
exactly where things fell with the markets, having Trump, pawn
market, etcetera, having Trump, you know, much higher than
perhaps polls did. So I think it's really
interesting. I mean, a billion dollar
evaluation, I don't know what that means really for this
space. You know, it again, that just
that number, it doesn't mean anything to me at this point in
time because meme coins are a billion dollars, things like
that. It's tough for me to really to
feel what that means. So I, I don't have too much to
comment there. But I, I think this is a space
that of course has definitely legitimized itself.
And I still think it's probably the cycle winner, Poly market
prediction markets in general, the cycle winner from this last
year in terms of legitimate adoption and further growth
potential. You hear the the take a lot like
what is crypto brought? What use cases is crypto brought
to to the world? Right.
And like everyone's very oh, there's the the public take is
is nothing or or very little. I feel like prediction markets
is a huge 1 Like this is such an easy one to point to from the
cycle. And I would agree that they're
the the big winner. As for what this means
specifically, one potential AirDrop, right?
I mean a lot of folks do think there will be a Poly market
AirDrop at some point. I don't know that I have
personally a strong read on that.
I feel like they will probably go the IPO route if I had to, to
guess, but maybe they can figure out a way to do both.
But any big raise, I think is going to continue.
They're going to have to be doing a race.
I circled this IPO did with 60 billion like polymarkets IPO.
I'll bet a house on it over a token.
So you think no token? No, why would they do a token?
They're basically you're like we need.
A polymarket token market they're.
Probably they're going like getting insane valuations right
now. Yeah, IPO definitely makes more
sense, especially on the back of this with this recent race
probably a little bit further out.
So we we will certainly see, but big momentum from then I think
good for the broader prediction market space as well.
I was scanning the Myriad board this morning and I think we're
seeing some volume increases over there as well on some of
these markets. So that's been fun to see.
Like this Pingu market has been one of my personal faves.
I will Pingu be top 100 the end of this week and there's been
some nice vaults on some action on this.
This was, this was more like a coin flip and I wrote about it
last week. I think it was number one O 1 on
Friday. It was like $8 million behind
the 0 token layer 0 token so. Now it's back.
So now it's, I think it was 99 when I checked this morning.
Folks like that the the other rays I wanted to talk about
trying to find a miracle here was a mega ETH one and this was
tied to this liquidity DEX or GTE.
At first I thought it was a game because of the the promo and
there and here we are. Yeah, GTE $15 million Series A
led by Paradigm and they are dropping a global token exchange
there on Mega ETH was chit chatting with with bread guy.
He's, you know, a primary. I don't, I don't know what you'd
call his role at mega ETH. One of their mouthpieces.
He does a lot, he wears a lot of hats, but we were chit chatting
about it. So this raise puts them by
somewhere around 160 million. Then if you start to do your,
your speculation, your fun, hope you math, if you think Paradigm
is looking for a 10X bet, they're projecting a $1.6
billion target. And what would that mean for
mega ETH? And then if you're in the camp
that mega ETH would be valued perhaps as a sum of its apps,
which I think is, is what they're kind of pushing the, the
message they're pushing for, you know, versus TBL or other
aspects. So something to potentially
consider. I think the the NFTS, those mega
ETH sold by NFTS were at a $500 million valuation.
So perhaps those are worth a bit more on paper right now, but but
we'll certainly see Of course we're going to need some some
more apps than a handful, but this was a big one over there
from Maggie. So we'll continue to follow like
to see some action there. Logan, that the story that we
wanted to talk about yesterday that we didn't get into it,
maybe we can revisit it today quickly was what's been
happening with these NFT projects and these Telegram
sticker sales because we're we're seeing some pretty good
numbers here. Yeah, so Telegram's been sort of
leaning into this as a protocol for a while, but I think the the
leading sticker shop launched in like December or something like
that. And then in January or February,
Telegram made its gifts, not GIF, but gift with AT the little
things that you can pass back and forth.
They made those NF TS as well. So just further kind of
integration of the messaging app and its use and features with
sort of the open network ton, right and the blockchain and
people have just definitely, definitely leaned into it.
The board ape one from the other day, I think was the one that
really got this on people's radars.
But there's a whole handful as you're showing in in the
screenshot here, like there's a pudgy Penguin 1, I think there's
an Uzuki 1 and there's a bunch and the stickers themselves,
like they're not going to blow you away.
You're not seeing like absurd price appreciation on the
stickers themselves to the, you know, twenty $30,000 type, like
randomness we're seeing with NFTS, right?
But they're no joke. I think when I checked yesterday
in preparation for talking about this, like the board 81, the the
like cheapest sticker was like 46 ton, which I think is like
$90.00 or around $92.00. Budgies might have been a little
bit higher than that, quite a bit for stickers.
But you recall, I mean, this got some love even aside from this.
Remember like Sofamon, right? Do you remember that that
company or not? Briefly, I don't.
I couldn't give you the pitch for what they did.
Well, I think it was very much it was Telegram stickers.
It may not have been just Telegram stickers, could have
been messaging app stickers. I don't know the exact one
either. And I think they may have
launched or done some stuff with Blast and so perhaps lost in the
shuffle somewhere, but I don't know.
I'm this is an Ave. that people and collections are rightfully
taking advantage of it at this point in time because people
want to people want to trade them.
Was that close to 10 million in volume you had up there?
And then, you know, even on the, this is not sticker specific,
but on the Telegram NFT side, there's some NFTS that have been
running up as well in my timeline from time to time.
You see like talk about those plush Peppes, there's like
rumors that Luca bought 1. I don't remember if that was
ever verified or not, but you know, those had breached, you
know, kind of the the five figure, you know, $10,000 plus
thing. So when things are boring, which
they, you know, basically are right now, you get these pockets
of out performance and manias we saw with ENS, you know, we see
it all the time, time, time. That's what this feels like.
I don't know exactly how sustainable it may be, but this
feels like that pocket of just interest for the time being.
So are people, so is there a secondary market like a sort of,
yeah, there are people are are kind of trading these?
Yeah, Yeah. So they're like bots inside
Telegram, just like you would do with, you know, like a trading
bot for, you know, a lot of meme coins.
It's a little more intensive than that.
It kind of like pulls open like AUI for you to interact with.
But yeah, it all happens right inside Telegram.
So I mean, it's really easy to do should you wish to, you know,
experiment with it. And then of course, like I, I
don't send a lot of stickers really in Telegram, but I know
some people who do send a lot of stickers.
And you know, if you're looking to enhance your chat experience,
then I guess it makes some sense to add some NFT stickers to your
cart. And stickers can be fun, right?
Sending memes is is a fun thing to do in a group chat.
I'm looking at some of these prices right now.
Yeah, I haven't already seen this.
So these pudgy and friend Pingu baby shark stickers are at $764
floor right now that that is wild.
This other, this other Pingu cool blue is 390 Pingu and next
car at 260. I think my my take away when I
saw this is NFT products are continuing to find ways to
monetize 4 years out from launch at least some of the the bigger
ones. Yeah, the best ones, Yeah.
And I mean, not to not to knock any that haven't done it yet,
but like you, you take a look at this list.
It's it's the ones that are still here, that are still doing
stuff, that are still in tune. I mean, no offense to anyone, I
wouldn't say Doodles has the most die hard community in NFTS
and there's they've got a half a million.
But it does have one of the best, in my opinion, one of the
best collections for something like this, right?
They're just like super great art, super great colors, super
great. So it actually, it makes a lot
of sense to me to see something like that up here.
Did I see Klainos around here? Same sort of mold.
Did you? Full disclosure, that's like my,
I don't own any assets in either of those ecosystems, but I, I
love those colors. So I'm a sucker.
For it quick maybe right I'll. Do.
Some wreck. Ones that's exactly where I was
going with that. I think Wreck stickers could do
could do quite well. Logan, I know you're a doodle
fan, so I'm going to share this for you.
I don't know if you saw this the Doodle O Pepin set.
Did you see this one? Looks like it got to consensus,
so this one might go. You know my, my lone disdain for
disdain's too weird, too harsh of a word is this is a little
too close to the you know what I mean?
Like those are a little too close to the replicas. 2
replicas of doodles in my opinion, but I love, I love the
color schemes and stuff like that.
I actually I really like that the one of one there looks
really really nice. I'll be honest if if if you show
this to me quickly this bottom right one and asked me if this
was a an original digital NFTII might have said yes.
Yeah, it it is fairly close, but that that pudgy set has done
quite well in the O Pepin's. So I actually I think this one
will probably do pretty well here as well.
I think we went through the list.
We got 5 minutes left in the show.
I know we're going to do double yeet action.
That's going to take a little while.
Yeah, that was the end of my list.
So if you guys are ready, maybe we get into some yeet here.
Kodo Yeah, the code is yeet today folks.
You have another minute or so to to get in if you haven't entered
already, and we are going to get into some spits.
Give me one second. OK.
This. Should work the user boards.
All right, let's spin the wheel. Oh, there is a there's a zoom
boom. Oh.
I like the zoom. Let's zoom.
All right, 96 entries. Who do we got 4?
Long run, so I need to really quickly check.
Well, we need to check. I know they have one some
somewhat recently. Yeah, give me a SEC because I'm
on working multiple screens here.
I'll close that and just make sure we'll do another.
I'll spin another one while I found that up as well for a long
run. So we're going to do our second
spin. Yeah.
All right, who we got? Michelle Gunn, Mitchell Gunn,
Michelle Gunn. I have not seen that handle
before. No, never have I so it was for
the long run. That should be a clean winner
there. Go ahead and request.
For the long run, if not we can see them.
Also it's not working today. Isn't the chat for some reason
for the go on the kick chat? It went down somewhere so we
can't but we can still see them in the in the other side.
But a long run is approved. He did win on the 16th so it's
close but he is in. And then Michelle Gunn I've
never actually seen before. Michelle Gunn, go ahead and
request if you're in the space so we can get you up here.
If not, we'll just check that they're in the kick space, put a
long run and Michelle. Michelle messaging us.
In the chat. Yeah.
That's fine. We're going to do Plinko today
for both of them anyway, so as long as the both on we're OK.
Awesome. So we'll get Plinko loaded up
here quickly for the long run. You're in the space you want.
GM how you feeling? How's it going, guys?
Good morning. Congrats, you're running hot my
friend. Hopefully.
What game did you play last time?
It was coin raise, yeah. OK, All right, well, we'll have
some fun with Plinko. Plinko's still my my personal
favorite. I.
Like Plinko? Yeah.
So, Sims, what? What are we?
Are we doing $5 balls, $105 balls?
What are we thinking today? I'm open to it.
What do you think, Lance? What does everyone fancy?
We've got 500 to spend. How do we do it?
Yeah. So, so quickly, you both have
banked $500. You're going to walk away with
that at a minimum. I like the the $105 balls
because you get the most chances for the 5000 X.
Yeah, $105 balls. All right, let me just make note
of how much is in the account so we can count the calculate this
up. So first we'll for the long run
we'll go 1st and then Machili. 614.07 right let's go for it
then Auto bet 5 dollars 100 all. Right, so this is for the long
run up first. For the long run, go.
Oh, turbo mode go. Turn the light speed.
We're going to be here for a while.
I put it on turbo. Oh shit, we'll go for it now
the. Next one will be faster.
It's not the auto bet and start again.
Is it going to be here in a while?
Yeah, stop the auto bet, stop the auto bet and then.
Just and do it again. Yeah, I.
Don't know how many balls have dropped, that's all.
That's fine. I turn turbo off.
Oh, 69, of course. Yeah, yeah.
Wow. Don't leave turbo one or off.
Keep turbo on. And go.
Yeah, all. Right now, we're there We go
now. We're back now We're moving
fast. All right.
Look here now big numbers 4X29X there. 4 Another four.
Oh, it's nice SO4XS in there. We know what we roughly 5. 100.
Again, he won, Yeah. So it's.
Like he roughly broke even. So you're going to walk away
close to $1000 today for the long run.
Congrats. Thank you.
Not a bad little Tuesday morning for you, my friend.
Thanks for listening, as always. All right, Chili, I still don't
know how to say your name, but you are up next.
We're going to run up the same for you, $105 balls, Lightspeed
turbo mode Sims. We ready?
That one came in a little closer.
So that was a little less probably closer to like a $800
win, yeah. Yeah, something like that.
Seven $800 win. Still decent for both people
though. Like 800 a pop near enough give
out to. Love it.
So we will coordinate both of you after today's show.
As for today, that is going to be it folks.
Thanks. I want to thank all of our
listeners for joining us. I want to thank my coach, thank
our partners. As always.
We will be back tomorrow at 10:00 AM Eastern.
Until then, go make it a beautiful day.
Goodbye.