It's a beautiful day to have a beautiful day.
GM, GM On this beautiful day, good morning two and three with
Ferocco San Fernando turning live at 10:30 and it's off on
the rock radio and it's a beautiful day.
Have a beautiful day. DM GM Rock Radio yo-yo yo-yo,
yo, what up, What up? Good morning Good morning GMGM
Friday, September 1st, 2023. Look at that.
Another beautiful day to have a beautiful day.
Another beautiful Friday. To have a beautiful Friday.
Another beautiful September to have a beautiful September.
Whoo Virgo season baby in the words of Michaela Nft or Mika
don't lose. Should I say I changed your name
to on my phone yesterday? By the way, you were Michaela
Nft for like 2 years. Well, since I met you.
No wonder you didn't answer any of my calls.
Yeah, probably. Why?
Like if. You have NFT in your name.
I don't know anymore. It used to be like mando nft and
like rec osf nft. Remember those days?
And Michaela Nft? You guys had the same user.
Actually you guys had the same username.
It was like osf under score nft. It was Michaela under score NFT.
It was off to something like that's og status.
Like when you know Nft's are dead when both y'all change,
remove the NFT from your from your from your username.
I'm just saying, but no, no fun. I said, but I said you're like
on the your Doja era, you're under your in your Doja era, you
know? Tetra showed me the song when
we're driving a OD for the event with rug radio and stuff.
And he like played the song and I really liked it.
For some reason yesterday at the gym I was like pumping weights.
It's go. But I didn't lift my arms.
But I was like going. I was like so cool, like I'm
lifting weights and shit and like playing like Painted Town
red like 5 * 25 times in the row.
Anyways, we have a we had a new Jingle for today that J66 made.
We're probably gonna get copyright strike for it, but I
really want people to see it. The reason I didn't start with
it because I want people to like populate the YouTube first.
It's so worth it. So I want to give you all like
five more seconds to come on YouTube before I hit that
because it is so good. I mean, you know what?
A/C I'm an AC/DC hater. I don't care if y'all like
AC/DC. I don't care if they're fucking
classic like group or whatever, like you know, whatever boomer
shit. But like, you know what they
copyright strike us. Two days ago they deleted our
stream from our YouTube and in retaliation this is what we got
for UACDC. Wow.
Sense of that A/C DC Yeah exactly.
Copyrights track these nuts. A/C, DC what do you got to do
now if they copyrights strike this that's an original
derivative like I'm I'm like I'm literally like I mean there's a
reason why like I think I, I I like to think that you know the
future of content and media is a certain way.
But anyways, if they copyright strike this, then I'm just like
I'm done with the old card. You know what I mean, Obie, what
do you think about? This is a pretty good song,
right? Yeah, I mean, we're doing them a
favor. You know, like, when's the last
time anyone spoke about A/C DC? Until now, dude.
Like, Zoomer's OK. I mean, Michaela has no clue
what a CC even is. Like, she's here, like yo.
Like I've never. And she's like, what's that?
Is that a I'm? Cultured.
I'm cultured. I'm cultured.
I know. It's just.
But yeah, you're totally right. Like you're putting them on.
I don't get it. Wait, Question, though.
Question. Can NFTS save this situation?
I mean a way that we can have like, imagine like you play a
song and then the royalties just go to that music.
NFCS. I want to see tweets right now.
Music. My shirt says GN.
GN like AC/DC? No, wait.
In my culture, wait, I think it's an AC/DC derivative.
Tshirt actually. Yeah, so that's from a river of
a famous group, right? It is.
This is this is an NFT merch shirt.
No, I know, but like it's like made.
It's like it is an AC/DC logo. That's so funny.
Yeah. OK, there you go.
AC/DC. That's so funny.
Yeah. What are the odds, dude?
Literally. Literally putting them on.
Literally, I know the logo from Degen Tunes basically, and not I
know it's. Like no.
Like, this is. So we're going to keep your eye
strike for showing your logo on the stream today, right?
Like this is I'm clicking whatever link I have.
I don't know why it led to Amazon, but anyways, A/C, DC
Yeah, yeah, that's great. That's actually so funny.
Anyways, sorry, I hate to put these on.
I'm like, I I can't. There's too much light in my
face. The Vipers need to go on.
The Vipers need to go on, future is so bright etc etc.
I don't. I have a pair.
I don't know. I mean, you can go on
pitvipers.ca cuz I know you're out here in Canada.
I mean, if you still are, it looks like you're in a hotel
right now. Michaela, where are you?
Kevin Oven, I'm in New York on the low.
Ooh, you're in New York. You know what I'm saying?
And I was just seeing, I was just seeing family and stuff and
catching up. But honestly, you walk out of
the street here and it's just like so much like, I don't know,
you could just be a human. Like you could stand in the
middle of the road and pick your nose and nobody really cares.
That's what I'm doing in New York.
Yeah, I was. Gonna say I'm doing.
It because I can. I'm like, I have the freedom to
stick my finger up my nose and no one's gonna say anything.
Yeah. Wait, hold on.
Yeah. How do we get to that?
You let the show go too long. You let me out too long.
Mandel leaves. Mandel leaves.
So one day to take his baby to the beach.
And what happens on the show? I mean, I hope he wrote his
Mandel minutes. If not, we're gonna be in
shambles this morning. Yeah, he did.
Okay. Thank.
You rumors that you're gonna on the spaces today.
So yeah, I mean, listen, I don't know what you wishing on me.
You know I got my eye. You guys can't.
See it? I have the eye on my I have the
eye dangling on the cold chain on my microphone like a Iranian
taxi driver. Yes, you know, someone called me
that for having that on there a few months ago and I was like,
this is so good. I mean it's it's the most
Iranian thing to do, right? Having an eye dangling anyways.
Wow. I I have to say.
I have to say boys. But today is Mckillen and Ovi,
so it's boys and girls. I have to say I'm getting old,
man, like going out on Thursday night and getting like four or
five hours of sleep. It's just not for me anymore,
man. Like I I don't know about y'all.
I just Ovi. I mean you're like you're
fucking. I mean like you're like 21 like
so like that's fine. Like it.
I mean at least. I mean you're here hella young,
you're hella energetic and we love you for that.
This is why you're Michaela. But like Ovi.
Like you're like ancient. Like Ovi.
You're like five whole years like Ovi.
Guys, Ovi wanted to father me yesterday.
It was so I don't think I felt more disrespected than
yesterday. Ovi hit me, so I took anyways.
I took this like I went long. I covered I went giga short
yesterday in the down in the dip anyways you know whatever.
And I'm I'm Ovi and Mendel's junior in trading.
I'm just trying to learn how to trade.
I'm trying to do my thing. I'm doing okay actually not
crazy not great but I'm doing good and Ovi goes.
I'm five years older than you. I mean, he literally sunned me
and. That was because you were like
I'm. I need to make as much money as
you guys and I was like, wow, that's what I.
Mean. That's what I mean.
Did you see The Big Short? What?
Yeah, we saw the Big Short. Is that you?
And men that like, that's how I picture you and men, though, he
said. It's so funny.
He said, wait, where's the message?
I'm trying to find it so I can read, he goes.
I'm five years older than you. And because, yeah.
Anyway, that was. No, yeah, that was trying to say
like, you know, you've got. Five years to catch up as well
as transform. Yeah, I know 5.
Years older than you. I know better than you.
It was funny. I got Sun in the group chat
yesterday and you know what? It's so humbling.
Like I was like, I was like, yo always like, what are you taking
these risks? Like?
I went like, basically I just went like, giga short.
I pretty much maxed out the account at how short you can go
on an account. You can't go shorter than that.
Ended up playing well in my favorite but actually I should
have fucking kept those open only I'd be up like even 2 eggs
when I'm out. That was obvious today dude.
And you were calling it luck and anyways any OB was like I'm like
I'm not. I said literally I'm not where
neither of you are right now. So I need to take a little more
risk than the guys who literally destroyed the board APR club and
then and then and then I meant the floor price, not the actual
brand. But anyways, I'm kidding of
course. But anyways I And then he hit me
with the I'm five years older than you.
And you know what? It was humbling.
It was humbling, you know, future, so bright, etcetera,
etcetera. That's why I got to put the
Vipers on today because you know what?
I'm that made me even born bullish.
I was like, shit, It's true, man.
I can't wait till I'm, you know, I'm going to get that.
So I'm like, Michaela, Michaela, what do you think you'll be when
you're 33 years old? I mean, fuck, that's then.
This motherfucker is ancient, man.
It's like a he's a whole like, you know, grandfather at this
stage. Is the mark going the same
'cause if not, I might have the same fate.
I thought you would have this morning.
Nah, bro. I I wish I could be like OSF
Mando 33 years old. Thinking making the best of all
time. The Big Short like bro, like yo
like yo. I I mention it because it's like
top five on Netflix and like I never watched the movie before.
I know it's like a movie from 2015.
Whatever. So ancient.
Oh my God. But they explain like bonds and
and like the stocks and that. Whole like crash.
So it's so good. And then I just thought like, Oh
my God, is this what like Mando and OSF have been like just are
talking about the whole time like is this.
And now I was thinking about you guys the whole time and like
guys made like the biggest trade of all time and I'm like, bro,
this is a move like this. They're going to make the same
type of movie on OSF and Mando with like, the greatest.
There are bigger crypto trades out there, but I think they're
definitely making the same. So that movie is based on a book
called The Big Short by Michael. And he's He was interviewing SBF
to write a book on FDX and crypto six months before.
He started interviewing SBF six months before.
FTS collapsed, so that's gonna be a pretty.
Way. Yeah, he did.
He did. That's gonna be the movie is
gonna be insane. That that document like I feel
like Netflix already like they just be making doc like they're.
I don't know how they do it. It's like The Simpsons.
They like make the documentaries before stuff even happened.
But it's crazy, actually. You know what?
The docs could begin saying Ovie like watching this?
It's gonna be insane. I feel like parochial.
You're gonna be, you're gonna be in the doc somehow.
I don't know how, hopefully not on that one.
I feel like some tweet, hopefully my own, but it's.
Really good movie if you want to understand, you know some stuff.
Yeah, it's, it's, it's shit. It's like, wow, look at look at
these go. Yeah, definitely.
Anyways, so anyways, sit on the show.
Well, I'm like just numb to this at this stage.
One question for chat Who's gonna play Farokh and who's
gonna play OSF? And who's gonna play Mika in the
documentary? And then you guys chat, bottom
right Coder spaces. A YouTube chat.
If you're on YouTube, we need. To play every single I could.
I mean what are what actually looks like?
I guess. I mean, Keanu can play me, bro.
I don't know. Y'all knew?
OK, I don't know. I don't know.
But I'm excited to see like what people pull up.
I'm ready to go play myself, but I don't know what you've got.
I'm. Not coming for me, yeah.
Who is that? Who pull it up for the stream?
Oh my God, that's actually so funny, bro.
That's actually looks like you, bro.
Oh my God. He's actually two.
Oh my God, bro. There used to be a layout.
Oh no. There used to be a layout.
On on on stream reality. It's so funny, bro.
But Farooq reminds me of Yeah, I guess Ross can play me my.
God bro, you guys look like legit.
The same, almost the same people who Russ.
Yeah. You and Russ.
No, he should. Once he puts it's actually it's
actually, yeah, it's. Pretty.
He's literally, like, my favorite artist.
Like anyway, thank you, thank you, I appreciate that.
Anyways, today on the show today, today market report is
usual crypto macro Nft's, what's going on around the space, Daily
News yadda yadda yadda. We are joined by Mikayla today
that comes with us who actually sounds like she's going to be.
The show goes on. The show is not stopping.
Next week. The show is going to continue.
We'll talk about that. But Michaela and Mando are going
to be hosting together while I'm in Korea and Ovi is a Whistler
out of all places like this. This guy picks one time to come
to Canada, the one time I'm not there anyways, not that I could
come to you. It's like the biggest, second
biggest country in the world. So it's like Whistler to
Montreal. It's our flight.
It's, it's. Wow.
It's it's, it's it's faster to get to London from Montreal than
it is to get to. Wow.
Pretty sure. Yeah, it's crazy.
It's actually even more expensive to fly to Vancouver
than it is to fly to to to like Paris, which is crazy.
Why is everyone in Vancouver like Drake or Yachty?
Like everyone's going to Vancouver.
OK, OK, you're on the ball with like you're so for the culture
hell, you're up. Bro, wait, ferog, you literally
just drop the bomb about me and Mando take over and I feel like,
yeah, I mean, listen. Yeah, in school.
It's going to be for the best time ever.
Yeah, No. It's going to be fun.
Guys, Finally.
Fear not. You will finally understand what
Mando is saying. I'm going to ask the questions.
I'm going to go deep in there, and we're finally going to
understand these people. Okay.
I'm going to punch you on. We're going to make those
trades. I got you, Mika, for the people.
Yeah. Anyway, well, it's going to be a
good stop. It's going to be.
I just felt like playing again. I actually gave me that.
Like Don, Donna, you know what? No.
I'm an A/C, DC hater. I don't care.
I'm an A/C DC hater. They took like they took.
It's the first time in our history that we got copyright
strikes at rug radio. And it pisses Russ makes.
Art. Dust.
Music. No.
Wow. No.
Tor. Wow.
Come on, Tor. Come on dude, that's crazy what
you said by my cousin. You know what I mean?
I'm. Creating the coolest stuff in
the world. By the way, how many times
people came to me and asked me for a picture thinking I'm rust?
Like it's absurd when I have the hair down, it's no glasses or
whatever. It's so funny.
Once I actually played it the full way and I was like, yo,
yeah, let's take a selfie. Talks about music.
Leaves to this date. That person still thinks he met
Russ. Like it's it's crazy.
It's so funny. I always think about that
person. I met him at like a South by
Southwest where I met you guys like Obey Mando, like two years
ago. Guy takes his S with me and I'm
like, cool. Thought I was an NFD person.
It's like, yeah, music. I worked with Flo Rider by my
own cool. So how do I do a collaboration
with you? And I go management at russ.com
And because I realized you thought it was Russ.
It was so funny, dude, it happened to Vicom too.
This guy's like, yo, what are you doing here?
I'm like, I mean, it's not a take on friends, right?
Like the first Vcon and he's like, yo, I saw you on stage
like, you are you playing tonight?
And I'm like, hey, bro. And I look at him in the eyes
and I go, I'm really sorry to tell you that I'm not Russ.
The guy was devastated. The guy was straight up
devastated. I ran into him this year at VCOM
again and it was so funny. Anyways, point being Today show,
we'll go through the market as usual.
You know, check price, bad price, dumb to it at this stage.
The boys did say that September sucks historically.
I mean September starts down like multiple percentage percent
and then you know stubs burn today as well.
So we're going to be giving out the code and whatnot yadda yadda
yadda. We're over here with Mikayla.
Amanda wanted to take his daughter to the beach today.
He's going to host alone next week commitment with with with
Mikayla. So you know we got to give him a
break today, but we're going to be going through Mando minutes
and what's good and what's not good.
Anyways, without further ado, what we just get this party
started. Daily Market Report brought to
you by RUG Radio. Hey, guys.
So let's start with the Macri stuff.
Today we finally got payrolls. So the headline number came in
at 187,000 versus 170,000 expectations.
So a little bit higher than expectations, but they actually
revised last month's number down to 157 from 187.
Unemployment is up to 7.1% in the US That's versus 6.8%
expectations, 6.7% last month. And wage inflation came in lower
than expected by 0.1 percentage points.
So what that so that was U 6 unemployment.
The actual unemployment rate is 3.8%.
That's 3.5%, so. It's definitely like, in my
opinion, more data showing that the labor market is weakening a
little bit here. We had that similar data earlier
this week. We had similar data last week.
So I think it'll be interesting to see what the Fed says later
this month at the FOMC. But definitely the labor market
is showing signs of easing up here and some signs of weakness
in terms of macro. We didn't really move that much
like the numbers came out, interest rates had a big rally,
then sold off again. Equities are basically
unchanged. It hasn't really moved things
that much, but I think we will have to wait and see what the
inflation number is in in a in a week or so, a couple of weeks, I
guess 13th of September and then we'll see what the the Fed says
after that crypto, you know, just drifted lower still, like
we're down to 25.7 K on Bitcoin, we're down to 1630 on E it looks
like altcoins roll down 1015%. I just don't know what to say
about crypto, I think. I think we're just just in this
like it's over medium term. Yeah, price descent thing, which
isn't great. Yesterday the SEC delayed the
Bitcoin ETF decisions by another 45 days, so that's what caused
the knee jerk move down. I think they have something like
two, I think it's 240 days they have from when they first start
reviewing the application to actually make the final
decision. So theoretically they could keep
delaying until around March next year.
So I think it's the middle of March next year, 21st of March
something or or sorry early I think 13th of March when they
have to make the decision for BlackRock by.
I think the delay to my personal opinion is not is is not
unexpected given you had the great no case yesterday.
I think they're going to keep delaying.
But what's interesting, I think, and then I guess here's the bull
case. If you're sitting there long
crypto and you're just like seeing price go down every day
and it kind of feels shit, kind of sucks.
I think next year is the year when when things change in
March, the SEC has to make a decision on on the ETF stuff.
It's not just Black Crock, it's also fidelity.
It's also a handful of other Van Eck Valkyrie is a handful of
other tragified people fine for ETF.
So if they have to make a decision by March next year,
April next year is when you have the Bitcoin harving.
So I think that timing is pretty good for for that now I see if
you have and you have Bitcoin Harving.
Why is my mom? It's two days in a row.
I I don't understand. Like she I'm sorry, like anyways
go on. And she's all fucked up with her
time zones and she doesn't realize it's Showtime.
And then the third thing is you have we just talk about interest
rates. The third thing is like, you
know, according to different surveys, something like 75% of
economists expect that the Fed will cut rates.
I think it's by March or April next year, by Q1 next year.
And then there's a very, very overwhelming majority that will
cut rates by the middle of next year.
So you have three things going for you in the first half of
next year and potentially even the first quarter of next year,
which is 8 corn ETS getting improved.
I still think it's going to be very hard for them to not prove
it, but they might just take their time doing so.
You're going to have Bitcoin harving, which I don't know if
it actually makes a difference, but it's a strong narrative
that's historically paid out for Bitcoin and then crypto and you
have the Fed potentially cutting interest rates.
So those are three very, very big strong positive catalysts
that are set to happen next year.
And that's why I think next year is going to be the year.
But yeah, some of these things could happen earlier, like the
SEC could approve the Bitcoin ETF earlier, like the Fed could
cut rates earlier. Bitcoin Harving wouldn't happen
earlier but you have some good things running for you and I
just think now it's just like it's September maybe people have
made money. They want to sell, take profits.
There's obviously a lot of technical selling pressure.
I think people are throwing in the towel and you know if you,
if you're sitting here like for fuck's sake, I've like been
through a two year bear market now like it's almost two years.
October 2020. One's when we had the highs for
for Ethan Bitcoin two years ago. So it's been almost two years
and you're sitting there like I can see a lot of people just
about to throw in the towel because price action is not the
way they want. What I would say is I think we
are very, very close to the end. Like if you think about
2018-2019, it was those two years at the bear markets and
then you had a blip in 2020, but everything went up and you know,
people made a ton of money in 2020 and 2021.
I think it's going to be the same for next year and we've
just, we're very, very close. We're just a few months away
from it in my opinion. So if you feel like giving up or
you feel like throwing in the towel, what I would say is,
look, you've been fucking running out of two years now,
Don't you know? Don't fall at the last hurdle,
Just got a few more months to go.
Yeah, that's that's, yeah, you know what?
Radio. I can't get I just found out
about this like before the show. I love this this little Jingle
thingy and you hype me up like it's Thunder and I'm just an A/C
DC hater now. So anyways, but you're right
man, this is not the time. Slow down.
It's not the time to give up, is not the time, you know, to go.
If you wanted to go, you should have left like months ago.
Yeah, there was plenty of times where I wouldn't even blame
Y'all for leaving the space. It's you know what I mean?
It's like, I totally get it. But now is not the time to go.
It's back to school season, OK? Kids are back to school, you
know, parents are back at work. Hopefully.
God damn it. It's time y'all have to go to
work man. Chop chop you know and and so I
was like stop paying on a CC wasn't the band that copyrights
track to show. I know, but I'm petty.
OK, so it is AC/DC. So it's so you know, I'm not
going to say that for it, but you know AC/DC.
Question here, question here, OSF.
Can you, you know, explain that like I'm five in a minute?
Like are we good? Are we bad like?
I mean obviously text me at 10:50 AM saying it's over for
crypto. So I don't think that sums up
like. I don't know if that sums up
like the the. I mean who sees joking in the
chat but I mean Ovie motherfucker was calling me
lucky yesterday. I should have kept that going
bro. I'd be sheesh.
I'd be. I'd be piano flashing here
today. I'm just kidding.
But but anyways like it's it's interesting.
Listen, Ovi like. I mean, bro, we have fully
retraced the other day's news this week.
I feel like we've gone through the whole cycle of like, it's so
over, it's over, we're back and we're so back.
Like in the last 48 hours, like it's been a roller coaster of a
trip. I don't know where we'll go from
there, but definitely we'll wait for these ETF decisions, of
course, like, they're obviously all going to get delayed and
whatnot, what he was talking about.
So but look like you said, March is the last I posted a table
yesterday actually. Basically they can delay it by,
they can keep delaying it by 45 days.
So even though there's the next decisions are set to be October.
17th, 17th of October, I believe, Yeah, but what does
that? Mean the decisions.
What does that mean for people like me?
So we're basically talking about there's a Bitcoin spot, ETFs.
So right now there are Bitcoin futures ETS, which are ETS that
people can buy like exchange traded funds.
They actually trade on exchanges, just like to say what
it doesn't attend. So if you're just like a random
retail investor, you want to buy something to put in like your, I
don't know what you call it in America, like your pension plan
or like your tax free savings, whatever.
I forget what it's called in America that allows you to buy
these assets and the SEC so far have actually allowed futures
ETF's, but they haven't allowed spot ETF's.
And now BlackRock, which is the biggest Hasset manager in the
world wants to create spot ETF's.
The difference between spot and the futures is like spot is like
the actual Bitcoin, so they get the spot ETF, they actually have
to buy real Bitcoin and hold it in a wallet.
Whereas futures is like a derivative of the actual
Bitcoin. So it will the price will move
based on how the actual Bitcoin moves but it's not actually
Bitcoin that you own it's just this like asset that replicates
the moves if that makes sense. So the idea is that if BlackRock
and Fidelity which are like two or three of the largest asset
managers in the world, if they manage to file these spot ETS
and the only reason why they're doing it is because they
perceive they have some demand from their customers to actually
invest in this and and buy it. It will then create and cause a
lot of buying pressure for Bitcoin by quite should be a
large amount. I mean like you have, like I
said, like how much does Black Crock manage?
Black Crock manage is like 40 trillion in assets or something
like that. And if they get the Bitcoin one
down, then they can do an E1 and then you just start creating
like a new pocket, not even pocket, just a new whole new
like world of demand for crypto for people who want to invest in
it because they now have a product they can invest in
through ETS, which they are more familiar with.
It's really if it gets approved, it's like really, really good.
Yeah. That's all I wanted you to tell.
Me. Nobody heard anything?
Y'all just said my computer. Are you sure?
That was like greatest explanation, and it was the only
bullish news ever. Nobody heard anything because
literally the weirdest thing just happened.
My whole computer just shut down and shot and came back on out of
nowhere. Yeah, you heard if you're on
YouTube. They stayed on, I mean on the
spaces. Nobody.
That's why you need to be on YouTube like.
Actually, you know what? This is why you need to be on
YouTube. Literally like but hold on my
whole computer I have to reopen every all the windows and stuff.
You need to put my eye a little bit more stronger there for oak
like. Dude, I don't know what happened
but but but everything you know. Basically for the first spaces.
OSF said good news. What do you mean, good news?
Well, we hope is good news. Yeah, we.
Hope we're just what are we even?
Getting the day already delayed like yesterday was something
about the delays like even there was today's decision already
delays. Yeah, everything is delayed.
Like everything just delay everything until until
mid-october again. So there's like different dates
where all the different applications span across, but I
think the earliest one was meant to be today and maybe there's
some next week, but I'm guessing they're just gonna delay all of
them until. 07 We're today, tomorrow and Monday.
Yes, they can delay. They're allowed to death by 45
days. And then after that they can
choose to accept, reject or delay again.
And so that's why I'm saying March is the final deadline,
that after March they can't delay anymore.
They have to say yes or no. Well, listen, if you're on
YouTube, you would have gotten the OSF explanation.
A lot of people are saying thank you for explaining.
I wasn't there. I'm just going.
To keep asking questions because I don't think anybody knows
what's going on at this point. There you go, you know, And
they're too afraid to ask, so I'll take it for the poo.
Think to see you, to see your dynamic with, with, with
Mandarin next week. I think it's gonna be hilarious,
actually, in Michael and Michaela.
That's next week, but. You need to take it way back,
you know? And then he's gonna be like,
wait, I thought you knew what beat Corn was.
I'm gonna be like, no, honey. You know all sad and I'm joking
like run it back you know. But I know those that are saying
Mika, Mika in the chat like, yo chill chat Mika if it gets
approved it will be good news. OK can we put like who we at
least like I'm gonna take it as good news.
It's not a no, it's a maybe. So I'm gonna like focus on the
maybe. You know what's crazy is like
only like about the markets that.
If we can't catch a break, we can't catch a pump.
Like we can't catch anything Like you.
Look when I use zoom out. You know how people say zoom
out, zoom out of this like chart.
This was the news the other day and that's when your tweet
dropped. Like, let's not get euphoric and
look at this. We fully like.
And when you zoom out, this is what is this.
It was just a $2000. It's like we're delusional to
even celebrate anything like that.
It's like you zoom out. I mean, this thing is fully
like, come back, come down. By the way, it's even lower than
when we started the news. So I don't know, I'm not a, I'm
not a traitor and whatnot. So we'll, we'll see what
happens, but it's not great, Let's put it this way.
And historically, September sucks, So we'll see.
But September's a great month because Virgo season.
So don't worry, shout out to all the Virgos out there Anyways, so
so besides that and I'll just go through you know some some some
regular news points here. I had like I usually like
prepare like a bunch of windows on the show to talk about things
and then of course like my whole computer rugs so I lose all my
windows. But let me go here.
Let me share. So we don't have Mando today.
But if Mando's here, he'd be telling us the following.
He'd be telling us that the majors are down 5% as bits and
spots. Yeah.
So delayed. He'd be telling us that the open
interest drops the level before grayscale news, which is wow.
OK, that's great. Doing it like this, Majors down
5% as BTC sport. You have the headset, you have
the headset, the little thing like it looks like he's like
customer support, but except that he lives like in the South
of France, like in the mountains, the beautiful view in
the back. So like, definitely not the
customer support environment, right?
It looks like a green screen. Even Julie Pacino is like that
looks like a green screen. Like we thought what Julie
Pacino, the links to the Stubs burner are actually live as of 3
minutes ago. I've been to the top.
We'll share the code and everything after and talk about
it. But anyways, so that's, that's
that. And then apparently Peter Peter
Schiff. Prefers gbtc to spot.
Wow, talk about talk about a three a 180.
I remember him talking about drop.
Wasn't he going to drop like an ordinals at some point?
Remember that OV like we even talked about.
I remember that, yeah, I think he was just trolling.
He got, he just had to be trolling that, right?
Like I don't think. He was, he was on the Twitter
space and he was talking about how ordinals are different than
buying Bitcoin because you're buying art and culture.
So anyways, that that's kind of, I guess like some of the Bitcoin
OG Bitcoin Max. He's hate ordinal, so maybe he
was just like maybe it's like an UDI thing to like rile those
people up or something. I don't know.
He says Bitcoin hardlers who believe GBTC will convert into a
spot Bitcoin ETF are better off selling BTC and buying GBTC.
The current 20% discount to NAV allows traders to increase the
number of Bitcoin they own by 25%.
It's an even better trade if selling BTC results in a tax
laws. Do you agree with that?
Take Ovi, he says UVTC than the actual Bitcoin.
I mean, make, I don't obviously don't agree with that.
But anyways interesting take. Yeah.
I mean, he's just saying that like if there's a mispricing
between 1:00 and the other and it's.
Kind of weird. It's just kind of like whatever.
Claiming that you can get 25% more, I just think, yeah, I just
think, you know, in this market when no one's, no one's
encrypted to try and make 25%, right?
Like you're trying to make that. 20 and make a hundred mixed,
Yeah, so just no one cares. What's 25%, bro?
I I I get a 25% dub and I I we're so like dude, we're like
spoiled brats to swear to God in this space.
Like 25% for any other consumers like insane and for participant
in any other. That's why we're encrypted that
also like things can go down 99%.
So yeah, that's the life we choose to live.
He goes. Someone in the chat says 25% is
just a Monday morning. I love that.
Anyways, Fidelity positive
research piece on the future of ETH.
Actually I saw that one. I saw that.
So the world's third largest asset firm with 4.2 trillion
assets just released an investment thesis for theory.
ETH Isn't is it? ETH an an aspiring money?
ETH as sorry ETH as aspiring money.
ETH as a store value. ETH as a yield bearing asset.
So that's that's really interesting actually, that
Fidelity wrote a whole thesis, a whole investment thesis on
Ethereum. Wow, that's wild dude.
I'm telling you, 40K is a magnet and we're not talking about
Bitcoin. Oh dude, look at that man.
A whole ETH investment thesis by Fidelity.
Yeah. Pretty amazing, huh?
But still, we're dumping like, this is all going to 0.
Like, it's so crazy to me. Yeah, you're right, Kenobi
Fidelity crypto researchers are really well done.
I'm going to probably take time on the plane this weekend to
read this. You know what?
Like this is probably like the best research paper to expect
for if you want to explain like theorems and Orbis, right?
I I think this is super interesting.
Wow, a whole E investment thesis.
So they have. They say just quickly, Ether has
a store value. For something to be good store
value it needs to be scarce or have a high stock to flow ratio.
Ether currently has a stock to flow ratio that is higher than
Bitcoin as of July 2023. This dynamic has recently taken
center stage since the merge, significantly reducing amount of
ether being issued as shown below.
Wow, I love that. And love that.
And then they go valuing ether based on a discounted cash flow
model. This is fantastic.
And I love that. Yeah, he's right.
They are quoting ultrasound dot money, the website that we love
to go check for, to see how much ether we're burning.
Interesting, huh? Just I read stuff like that and
this makes you so bullish. And I think right now what
you're seeing is just noise. Like, you saw that so much open
interest got wiped out in the space of like a few seconds
yesterday. I think people obviously went
like, leathered long on the grayscale thing on crypto.
And then someone was like, you know, and that news headline
came out. So I was like, cool.
This is like the easiest short right now.
I'm just going to, if I can short it, drive it all down,
liquidate all these people, take the money and move on, do you
know what I mean? So it's not even like people who
are shorting it right now. I don't think, like, they're
bearish for the next few months or they're bearish for 2024.
But because volumes are so low and because the new buyers are
not yet buying, it's just easy to like manipulate, I say minute
price. It's just easy to push around
positions, I think, and that's what's going on.
No it is better manipulated. I mean literally all it takes is
a little sell off like like you said I'll never stop thinking
about this 400 Bitcoin to move the price Bitcoin 1% a few weeks
ago. Exactly.
I'll never stop thinking about that in quoting that it's absurd
like the the the the the little amount of of buys.
This is a joke for people, $10 million like Bitcoin from like a
lot of these firms and funds like it's like.
You know what, $1000 or $10,000? So $100,000.
I don't know what it is. I mean, but it's just like, it's
crazy. I'm so fucking bullish on ease,
man. I I'm actually going to read
this, this, this is actually Michaela.
We expect a full video for TikTok, Instagram and and
Twitter on Fidelity's research paper on the theorem by Monday
morning. Wait.
That would mean I'd have to understand what you're getting.
And I'm joking. Can you drop the link?
Can you drop the links over and check it out?
I'm happy to do it. I'm gonna need to call their OSF
and Mando to explain it to me like I'm five so then I could
reiterate it and then explain it to other people like you know.
What's good is you're gonna spend a week with Mando next
week. I'm.
Gonna be a genius like guys you don't understand.
Sad like it's back to school, back to work.
We got better sauce, better money, more.
Anyways, but like, actually, though, I feel like, I feel like
it's going to be back to school vibes because I'm going to go
in. So prepare your questions.
If you've been listening to the GM web through show for the
past, God knows how long this thing has been going on for, I
think like for two to three years, whatever.
And you don't know what Mando or us has been saying, but you want
to prepare your questions. I'm gonna ask it.
It's going to be lit.
I love that. It's gonna be great.
So here's what we got next right We got Binance APAC head quit.
So that's another actually had that Binance that left.
I mean we don't have Mando 4/4 Mr. four for the the anti
Binance fight Mando on the show today so maybe you can touch on
that with him next week. But another it seems like
another another person quits finance and then it says Binance
to quit. Binance to end.
BUSD support IN2024A Binance and B.
Sorry 24 Binance recently announced that it will gradually
end support for its native BUSD stablecoin.
Interesting. The world's top exchange will
remove the stable corn. Well, here it is.
So the world's top exchange. So you know how to finance the
stable corn. So it's like USDT.
So it says the world's top exchange will remove the stable
corn from spot and margin trading pairs.
I don't know actually as Paxos has halted minting of new BOSD
finance will gradually see support of BOSD products.
Interesting. OK, so I don't know if it's.
Making a new thing, baby. No, it's stopping.
Interesting. This is interesting.
Wow. That's some weird finance is
some weird shit. I like finance personally, yeah.
But you know what? A lot of people seem not to like
finance and things seem to not be going very well as Paxos is
how the minting of New BSD finance will now gradually
remove support for the stable corn on our platform.
Yeah dude, I'm so I'm confused Honestly.
The USD will always remain backed 1 to 1 by USD, and we
continue to support a wide range of other stable coins.
They're basically trying to, like retire USD, I guess.
I don't know. That's that's so weird.
Weird. Yeah, because.
But how do you like retire? Well, it's just not gonna have
it on their platform. It sounds like you're not gonna
trade it on their platform. Yeah, but it's not rugged
because it's backed by USD, so you can pull it out right
Regardless. I mean, looks like they're gonna
1:00 to 1:00. Or you won't be able to cuz no
one will sell it, essentially. That's that's very interesting
to see. They're basically saying you can
now sell it, I think, but after a while they're not gonna have
it on their platform anymore because it's gradually, right?
Yeah, this is not. Like a security issue, we don't
know actually we we don't know much of what's going on in
finance honestly. So I guess we'll we'll see on
that front. Is your feelings tingling?
I don't know. Don't you, like, do this?
I. Guess a bit dodgy, but I also
think the stuff around B USD is is out there.
Well, the stuff around BNB is out there.
I don't know if people have questioned B USD or not, but
they're saying that I guess they're trying to like move away
from having it. There's obviously like some
weird like. It's causing a problem, like
something to do with the SEC or something out there.
I don't know, like there is some problem there for sure.
Okay. Yeah.
Interesting. Really interesting, actually.
What's dude, this crazy crypto? Just we could, man.
We it's got news for this this Mando dude.
Dude, fucking he's never gonna run out of Mando minutes, bro.
There's so much to talk about every day.
The hell is going on by then? A lot of people have been saying
it for a minute but dude Adam Cochran's going to print bro
anyways. Makers up 10% as it returns to
profitability shib. Actually they redid the
shibarium so 500,000 wallets moved to shibarium bro.
They built their so sheep shib right?
The shit coin shib has its own out too now out two season.
And so you know they messed it up a few weeks ago and there was
a one and a half $1,000,000 in eat that was stuck in a wallet
and it seems like they have 500,000 walls and move to
shabarium. That's absurd.
Cyber is now up 2 1/2 percent a few days macro.
We all we talked about we already talked about it yadda
yadda yadda. So that's that's quite
interesting. You know what's funny in man
those minutes is so different like one second.
Oh that's not the news that that is from one second he's talking
about how Elon it's going to you know it's going to be X video
but actually I want to talk about this with you in the
second Michaela and all the exit updates But then it says Gucci
owner nears deal to buy talent agency CAA interesting and
Ozempic firm to set your become Europe's most valuable.
There's like all sorts of different type of things going
on and then proud boy leader jailed for 17 years that's
probably a good thing. So anyways, so anyways, on the
NFT, on the NFT side of things, next week, of course you've got
the Korea Blockchain week, Excited for that.
I'll be reporting live for you all from there.
Obviously I won't be on the show because it's going to be at
11:30 PM for me over there, but Michaela and Mandy will be
covering that. But I'll be, I'll be, I'll be,
I'll try and cover as much as I can, You know, on that front.
Memeland. Memeland.
We were talking about Memeland a few weeks of last week.
Hey, what happened? Remember we were like, hey, like
what's going on with the token? What?
Turns out they dropped the Tokenomics total supply the the
whole fully diluted. Yeah, yeah, yeah, mean price.
There's going to be a community AirDrop, it seems.
Ecosystem fund, community fire sale, private sale contributors,
blah blah blah. So they've, if you're in the
meme line, ecosystem, they they've got their updates out
now with regards to their to their talk Tokenomics that came
out and if I'm not mistaken it's gonna be Gen's finance right now
real quick. But it seems, you know the Nft's
were heavily swept. I remember seeing a tweet from
Punk 9059 on that. There you go.
Yeah Cap. Oh, it's down a bit on the 24
hour, but it was up 13% this week and then on the rest of the
NFT market. I mean, you know, nothing to
report versus yesterday. Sorry.
Y'all. I'm telling you, I cannot sleep
4 hours a night. I I'm used to 8 hours now.
I'm used to full 8 hours sleep. It's crazy getting old, man.
I sleep 8 hours. I'm really happy about that when
if I don't, I need to get one of those.
If I had one of those woop bands like you over right now, then
that thing would say I'm down bad.
You know it would. Speak the Wizard of Soho.
He was like should I get whoop band is And I was like hey
should I be get one is man just tell me that I'm dying.
I was like, yeah, I'm pretty sure it's gonna tell you that
you're dying. I will probably tell him that.
So it's what? A.
What whoop band? What's a whoop band?
It gives you intensive, comprehensive health tracking
and data. Can't you just do that with an
Apple Watch? No, it's like way better than
Apple Watch. It's like a mix of a lot from an
Apple Watch. It is.
It is impressive. Wait, so then where does that
data go? Look, you have this.
You have this. So this is my.
Do they like it's my month? Data now.
Yeah, probably it's like my month.
Of you, sweetheart. Sorry.
Not very much. So you get like all these
different stats and stuff. You can't.
Probably can't see. It right.
My God. I feel like.
I feel like I'm gonna start going on dates and then guys are
gonna be look look at my whoop band like DA.
And I'm just like hey. That would be me if I if I was
single, absolutely. Like you know but I just I feel
like that's like the the vibe these days that that I'm
getting. I I need to get back up in
there. But they're just gonna be like
Oh yeah, like or it'll be like show me your whoop down band
data to see if anyways whatever just forget about it.
No can move on. It doesn't matter.
Scratch it up. Just scratch it up.
It just shows that I'm down bad. OK, so Spero, he's unhealthy.
I'm down bad on Hinge. OSF is just delivering.
It's no one help him higher. I'm the healthiest I've ever
been in my life. Oh, you're healthy.
OK, knock away. It's just you.
It's just you, fam. It's just you.
But what is that I see? Do I see a bunch of snacks on
the side of your bed there? Yeah Listen well we're listen
we're we're we're you know you know we're we've been taking
care of the health in this in this market.
You know in this market we've just been doubling down tripling
down quidrippling down on on physical health.
You know I I feel like I've been I've been on one you know we
we're hitting weight all time lows you know we're down like
20-5 pounds since the last bull market pretty proud of that.
So, you know, it's we're vibing, reviving, you know, you know,
where I'm just ready to like I'm, I feel like I'm just
preparing my body to just destroy the next bull market,
you know what I mean? Because next bull market is
going to be so crazy. I mean in the words of Ovie I
mean actually Ovie sung me twice in the last 24 hours because I
just remembered that he wrote a tweet out and and then he sent
it to me in a faroque. Just so you know this tweet was
for you and he goes don't lose your money before the Next up
only bull market and so he's something.
But I like that like I like I like I like being Ovie and and
and Mandos Junior wait that's the wrong tweet.
I'm not I'm not sharing the right thing.
This what I meant to share. We'll talk about the X stuff in
a minute, but he said people what he.
Gets my pin St. that's when I sent yesterday.
That's the one you sent yesterday.
This one. By the way, you gotta mint that
bro. That is so sick.
You gonna mint it or what? I will at some point.
I don't know. I still not really sure what to
do. Yeah, but I will cuz it's
totally like a one-on-one material, right?
So it's like. It came out well, Yeah, it came
out better than I thought it would.
Sick. I love this piece.
Anyways, what we said in 2024 we will start a new crypto super
cycle. One final deadline for SEC to
approve black Rocks BTCITF application is in March 2024.
Two, this is just a few weeks before the BTC having in April
2024 three market overwhelm overwhelmingly expects Fed to
start cutting rates by mid 2024. I mean this is going to be
crazy. This is a time right now you
know the it's just you're getting a chance to getting ease
at a lower price. So when it was 2000, if you were
that person, that guy or girl saying, oh, you should have
bought the debt by this time, you know and DCA into it, right,
Ovi. We've learned this year,
actually my best trade this year, literally over all the
little short ups and downs has been just accumulating ease with
over the whole year Feel like we've been buying since it
dipped to 18. Yeah, yeah.
Feel like we've, we've just been graduating, right?
Yeah. And I was thinking about this
the other day. Ovi.
Like, I was like, wow, like the best thing I've done.
I was going through My Portfolio yesterday, like cleaning house,
just organizing because obviously leaving for a month
and I kind of want to like I'm going to listen to you.
I'm just going to probably be hands off for a whole month when
it comes to that. So I was just cleaning a house,
doing some maintenance on my on my profile and stuff.
I was like wow, like I'm happy I did that.
Just listen and just overtime they say, you know what I find
funny, I'll have normie friends of mine text me like, yo tell me
when it's time to buy, tell me the time to buy it.
I've been telling my best friends around me that obviously
not financial advice, what not. But I was like dude, like
whatever you make salary, whether you can only afford $20
a week or $100 a week or maybe you make a lot of money you can
for $1000 a week just set up automatic buy of E or and or
Bitcoin and just that it right, you know and it's the and but
they don't listen. They want the quick, you know.
That's why I'm convinced we're going to have a giga run over on
all shit coins and stuff in the next bull market because all
they want is still that thousand X.
They still want to come to crypto for the casino.
They still want to come to that. And just like the best trade
you'll ever make is probably just taking tiny, tiny tiny tiny
percentage of your weekly or monthly salary, just leaving it
into into E But they don't listen.
So you know they'll love it at 5K, right Ovie?
Yeah, I genuinely think that's what happened.
People just like, I don't want to buy it here, I'll wait for a
better market. It's going to be a better
market. It's going to be a 5K and
there's going to be, there's probably people listening to me
right now on the show. We're going to do this.
They're probably going to sell some eve today, tomorrow, next
week. Will go lower and they're going
to be the same people that will buy at like 4 or 5K.
Like, I just guarantee you it's always like that.
I was that person until I stopped becoming it and it and
it just like it feels really good.
Actually I'm looking at this now and thinking about this makes me
even just want to buy more heath here.
Like I'm just like just long. I don't care.
It could be 1500 tomorrow for what it's worth.
But you look it in the air and you're like, fuck it, you know,
it's just like what's the what's $100 difference in the price of
ease and the in the long range. It only matters when you're
leverage trading, right? Like those, those those $10
moves, those $100 moves. But anyways, so it's
interesting, man, I'm reading these news, but I I really want
to dive in. I I wish I was.
I was on the show next week because I would have read it and
then come and talk about the fidelity thing.
But I really want to dive into it.
Go into mandominutes.com, someone's asking on the website.
He put it there and you can just click on the links and
everything's clickable now, which is great.
So that's interesting. But anyways, the other thing in
Nfc's was Sam's Pratt man. Like I think this is, I mean
we've covered the whole way Sam came on the show, so may as well
cover it on the on the way out. But what a good outcome, man.
You got three winners, right? It was Ben, Scar, Summer,
Wagner, and it was the third person, Ovi.
Who do you know the name of that?
Gary, Gary Something, Yeah, but turns out.
That one sold. Yeah.
Is that it? Yeah, that is the best outcome
possible for Sam's experiment here, because it's art.
But it's also an experiment, right?
What he did, someone bought on the secondary the addition
before the council voted and won the fucking skull.
This is crazy. The observation one and Gary
here. Gary Simpson here, husband of 1,
father of two pair, 103. He's already got the council
member of Lucy and his bio. Now he changed the bio quick.
OK, I don't know Gary, but I'm happy for him.
You know, it's amazing. It's like the last goal sold for
98th, you know what I mean? So he bought the thing on
secondary for, let's say anywhere from the bottom was
three, six to seven, right. So he bought it from three
between 3 1/2 feet to 60th, let's say, right.
Let's say he paid 5 feet for it and he got a 98th skull and and
forget the price, like he gets a score from Sam's bright right?
Like it's really cool, man. Wow.
Was that? Like now that we we talk about,
I mean obie, any of the winners I you don't have to say who you
voted for per se, but any of the three winners, someone that you
voted for? I don't think so, no.
Interesting because I've even said like he the vote, his vote
didn't win. I thought that was one thing
when he shared that. But wow, man, like talk about a
good outcome from it for his experiment.
That's probably the best outcome possible for him and Ben Scar.
I mean, dude, Ben Scar has got to be one of the luckiest people
in the space. And you'd love to see it.
No, you'd love to see it. And by luck, I mean, I don't
believe in luck personally speaking.
So please take luck, like with the grain of salt when I say
that is is because, you know, for me it's just, you know, the
mix of preparation and just like discipline.
But point being, when moonbirds minted, Ben Scar minted one of
the rarest birds and sold it at the top for like 100 something.
E OK, I remember that like it was yesterday and then he
catches this other dub you love. He's a better love, Ben Scar.
Love his art, love his photography.
Big fan of him and love that he won.
And and again like he was a huge fan.
He actually manifested this, which is insane and so you
actually love to see it. So congratulations.
Yeah. Congratulations to to to all the
winners and and that's that's it's really really really cool
to see so that's that's why on the on the NFD file with Mikayla
what do you got for us today what do you got for us I see you
I see you you know I see you share some some some X things
what's happening with X? Yeah.
So let's talk about it real quick is it obviously affects us
you know since we spent a lot of time on the on the X platform.
So something really interesting. Video and audio calls coming to
X. It's gonna work on iOS, Android,
Mac and PC, no number needed. And X is the effect of
apparently global Address Book. So that's pretty exciting.
I think we we're going pretty quickly towards the Everything
app. I don't know.
What do you what do you think? No, I agree.
I mean we've I remember saying it out here and he always said
everything out, but he's pretty much is North America's which or
the western world's WeChat, right?
Yeah, yeah. I think, I think I like the fact
that, like, there's no phone number needed.
I like the fact that, you know, I just hope that we can get
better. What we do is you can call it
people on Instagram since forever, right?
Like it's been years that Instagram calls and even
Facebook at the time. I remember when they invented
the call thing. So it says video and audio calls
coming to X. Works on iOS and with Mac and
PC. No phone number needed.
X is the effective global address books.
It's it's that they came for me. La Mosque.
I wonder though, if it's gonna all be encrypted.
No, it's not at first. No, it's not first, but we will
there. Are there are the encrypted DMS
that I feel like nobody uses? Do you use the encrypted DMS on
Twitter? I mean X probably should,
probably should turn that the X encrypted.
Remember Twitter, remember? Those are the days, Yeah.
Remember those? Are the days remember rug radio
that started on I'm gonna turn my the ability to call me on X
off like I remember when Instagram first came out with
that. I remember some people just spam
calling me like followers and it was just the most like annoying
thing on earth. So I wonder how it's gonna work.
Maybe it's gonna do better than them, but again, like, these are
obvious things that you add, right?
If you want to build the Everything app.
So last week was the news of like, Twitter Spaces and the
content creation, like pretty much studio that you can have
directly on X. We use it a lot internally at
Rock Radio. We actually use the studio every
day. I mean, Jazz is probably on the
studio right now. Like, actually, look, that's the
studio we're live. We're literally live at the at
the moment. This is X, right, Which is
really cool. So right now we're streaming
directly into Twitter on video, not just YouTube.
And there's a really cool studio tool that they have.
So they there's a lot, man, like there's a lot going on here.
And I remember when Elon came on and and acquired, you know,
Twitter, now X and we were all pretty bullish on it.
I think. I think, you know, I'm pretty
bullish on Elon's Elon's axe, Elon's Twitter, I I'm one of the
call me crazy, but I think it's gonna go out profitable out of
this, out of this acquisition. I mean, what are you saying?
You think Elon ends up being profit about this?
I generally think he will. I think he will.
I think basically he's just going for the big one, right?
He's not trying to, like, improve Twitter.
He's trying to like make it this huge, big thing.
And someone's going to put it. I mean, it's a crazy idea, but
if someone's going to put it off, it's probably him, right?
Like, think about that trillion value evaluation.
Like, I think that's what he's going for.
He's going after meta, right? Clearly, too.
Like very clearly after meta. I think he's going after
honestly all like even news publications like I put in the
chat here video of all the the news people saying the same
thing at the same time. And I actually wanted to bring
that up with this because I just think it's really important what
X is doing in regards to like what we're doing right now as
well, like citizen journalism, like we could we could kind of
share information with the Childers.
In journalists. Because that's like the there's
a 2023 version of Digital Nomad. What is it?
Is it is? It I'm kidding.
You get no. But you know I I think you
should pull up or I don't know if you can whatever.
But that YouTube video of all the same thing like.
Yeah, I remember. That's a classic video of them
all saying the same. I remember that responsibility
is to serve our Treasure Valley communities, the El Paso, Las
Cruces communities, Eastern Iowa communities.
Mid Michigan Communities, we are extremely proud of the quality,
balanced journalism that CBS4 News produces.
But plaguing our country the. Sharing of biased and false news
has because yeah it's I've seen that one that one's done.
That one's done the rounds. You're.
I mean, you're absolutely right. 100% vampire attacking other
social platforms and the media 100%.
He always says it. I mean that was his thesis
behind even like supporting Mario at first.
So I don't know if you picked the right person, but you know
it was like hey, like citizen journalism, right?
Like you said, like he was like always after that he's like real
life for like real time reports of like what happened with SBF
or what happened in Ukraine and Russia and stuff like that.
So I actually like. As a matter of fact, with the
News Online Online News Act in Canada, I can't.
I couldn't get, I would say Sherry, I couldn't get my news
in Canada. I was trying to Google something
happening in Montreal. We couldn't get Fed News on
Google and and and and meta for because the act I had to exit.
Like I had to like go on X and well, did I just use X as a
verb? Yeah, you did.
It's happening. It's, it's it takes time.
But it's it's it's pretty. I think that it's this is
important. I think that there's like a
greater battle going on and like I I'm kind of like gonna ride
like ride with the maybe the glitches or the things that are
not like perfect yet. Because I think there's a lot of
things happening in the background and I do like stand
for, you know, like not that YouTube video, you know, I think
I think that that's like hilarious.
That's honestly in a meme way, that's what we all sound like
when there's like news. Like all of our spaces are just
like. I I do think, like, I get a lot
of, like, good information. I mean like I don't want talk
for. Audience, but a lot of the same
people show up every day and shout out to them like I see
even on the 1st row like you have AKS TV, black old Tato and
Keisha. Like that's when I saw my 40
long Casey Ryan. Like some people I've been
listening to show forever, right.
And like I'm assuming that they come every morning obviously
like there's the entertainment aspect, but I think they're here
also and if they listen even we're now we're in 10 minutes
in, right. So if they're still here, it's
probably because they get a lot of the news from that.
And so I I think you know, I agree with you wholeheartedly
and I'm very bullish on, on the future of Ex I.
I I love what's happening. He did reaffirm though
yesterday, right, that he will not he will never make a crypto
token. Actually, already I was talking
to you about DOJA, right? I was like, I'm not sure how.
I mean, I don't have any position in Doge for what it's
worth, but you know, it's always going to be Elon's mean coin,
right? Like what happens to you, right?
It's like Elon must reaffirms he will never make a crypto token
with X. So that means he's going to have
to adopt crypto tokens on X, right?
Because he we talked, we shared the news that you're going to be
able to like. This is gonna be something
around crypto and stuff like that, so maybe like, ease,
Bitcoin, whatever, dude. It's it's actually interesting
when you think about X and DOS corn here.
Could be. It could be a fun little
longterm trade here. I don't know X might not like
launch or crypto token, but it's definitely I think gonna be you
know, Yeah. Also I I just saw that 19 hours
ago, Elon Musk said join the X bugs and features community if
you want to help improve the product.
I like that. I think that that's cool.
I think that he does like read those things.
We see actually community members, people like NFT, God
and Ashley get the attention of Elon Musk and I think I think
that's epic. You know, I think that that's
really cool. He's definitely, he's definitely
looking and and reading you know for community updates and and I
think the community notes on X are are phenomenal like
addition. I think that they're just
absolutely epic. So that's exciting because you
know we build so much of our you know like a lot of web three the
way that we interact and share our news and and really form
communities is on this app. So I like hearing that, you
know, at least like the ethos is is kind of like good.
You know, something that I want to be a part of which is, which
is that like the the journalism stuff, I get all of pretty much
my news like from from the people, you know, I love
listening to to the show. And I like, I like the fact that
you can have people just jump on stage and say, hey, this is
what's actually going on in my country or this is what's
actually going on, you know where I'm at.
So I think that's really cool. The next thing that is
interesting that I actually need you guys to help me understand
is the old JP Morgan news. I put it here so it says here JP
Morgan eyes crypto travel with new trademark.
JP Morgan Chase is making strides into the cryptocurrency
market with a newly filed trademark application for Quote,
Chase Travel and quote, revealed on Thursday by Mike, a name that
I can't pronounce. Last name, a legal expert
specializing in trademarks application indicates that the
banking giant is eyeing A variety of services, including
the financial exchange of virtual currency and travel
agency services. So then there's like a little
blurb, like the filing details, blah blah.
Somebody gotta explain this to me.
I don't understand, but it could be interesting.
It's going to be the rewards, right?
I mean, are you, have you ever used Chase?
JP Morgan Ovi. I I I personally haven't who
bank with JP Morgan Chase and seems like it's just a trademark
for their track like the rewards.
I mean yesterday we reported Lufthansa dropped the rewards
program on the Polygon and it's arguably the.
I mean I think rewards program is arguably one of the best use
cases for crypto blockchain technology right?
So I think Mika, that's what you're gonna see more and more
the the application suggests that JP Morgan aims to create a
comprehensive ecosystem where crypto assets can be utilized
seamlessly for everyday transactions, particularly in
the travel sector. I think I think that's what it
is. I think I think I think that's
what it's going to be that's super interesting look like I
think it's fair to say like the PFP meta maybe like dying and
stuff but like crypto and NFTS and like the technologies never
died like it's it's we've only seen more adoption over this
bear market I I am. I continue to become more and
more bullish every day on cryptocurrency in general.
Like, you know what I mean? It's like it's it's it's it's
absurd. The amount of like adoption and
infrastructure building that we've had over the summer even
like even now with the on Chain move, it's it's insane.
It's insane. I mean it's always interesting
seeing like the the Bearish timeline and and stuff and then
you see like news like that. Short term, yeah, yeah.
And I wonder actually, Ovian and Farokh, what you guys think
about. Is there a world where we could
ever really kind of separate the digital collectible and digital
art world from the market ups and downs of crypto?
Like do you see that being a possibility you know where it's
like we're not bound to oh, Ethereum went down $100.00, so
now all the the digital collectibles and art are you
know on the timeline worthless quote UN quote.
Like do you see that we could kind of separate the two because
you know provenance and collectibles are not going
anywhere and and can neither's community to to be real.
So I just wonder when we're going to stop being so affected
by the crypto trading market, because it's really too, I feel
like separate industries in a way.
Yeah, I think, I think that's a fair point.
I think if you look at like, if you look at some of the art
block stuff and also Glyphs and some of the high end art stuff
on Open Sea, you'll see that people actually bid for them in
USDC or USDT sometimes rather than ETH.
And there's an argument to say it makes more sense for those
things to be priced in US stable coins rather than ETH.
I do think when people look at them as well, they maybe think
about that stuff more in terms of dollar amounts rather than
ETH amounts. Eth just tends to be.
Currency for them. So I think it kind of already
exists in the higher end art market.
I think at the lower end obviously it doesn't make that
much difference for PFP for whatever reason.
It's just like ETHE and then people get can get double rectal
or you know do double wealth if you're in the right environment.
But I think it kind of already happening in in the art market
and if you look at art this year like you know the refit an adult
drop like. Came in at its price at $2500
and now it's like a 7.5 E so that's not like a 4-5 X like Sam
Spratt's edition was like 3 and now it's like 60 even after the
Monument game. Obviously Grant, Union and ACK
have had big sales this year as well.
So like I feel like the art part of the market hasn't really been
that affect. I mean, it has obviously been
affected by this crash, but there are still assets and
people, artists out there doing really well and making a lot of
money. Even Despite that and that's
because I think the actual buyers of art aren't really
super affected by, you know, by this volatility.
I do think, I mean that's not completely fair to say because I
think there are obviously there are a lot of artists out there
who aren't able to sell like they could in 2021 or maybe not
selling at as high levels, but. And I think that's the part of
the market which will come back when we have this big value.
But you know there always does seem to be a permit bid for like
very high quality rare stuff that just still exists.
And I think those guys probably think about it and and price it
in dollar amounts rather than eighth amounts, but.
It's a weird one like you know, for like why is it priced in
ease? Like why not.
I feel like at the beginning we were, I think we lost artists
being able to sell as much as they did in let's say, you know
April 2021 kind of right or right before the the board APR
club you know boom. I think we were just more like I
don't know, excited to hear about what people using NFT
technology and and stuff like that.
And when people would come and talk about how they you know
opened up a meta mask and they like released their art.
We were all just like so excited and and we didn't consider it
chilling. But now it's like we'll hear an
artist you know speak about their work and if they don't
have some sort of following like we're not impressed anymore.
It's like, OK, great, You created a meta mask and opened
up your, you know, put your work on group and see like who cares,
you know? So I think we need to get back
to that and and to kind of change that sentiment cuz we
shouldn't be like, oh, you're shilling if you're an artist and
you wanna talk about your work. Like we should still be
applauding people by, you know, taking the time and and kind of
investing their energy in this market cuz you know, yeah, it's.
Gonna be a decoupling inevitable with with I think with the price
of much to eve and just like going back to the exact dollars
but I think I think I think. I think all we give the best
example is Auto Glyph. So anyways, so that's that.
I think that's a good roundup. Y'all.
Just quickly as a reminder for everyone, Julie Pacino Stubs is
live, so you can now burn your stubs for Julie's artwork.
It's posted on the RUG video account.
I pinned it to the top. I'm going to retweet it in
exactly a second on this show, actually, boom, like retweet.
So we had Julie Pacino on Wednesday, actually.
That was a really, really good show with Julie the other day.
I loved interviewing her, she's awesome.
So anyways, we have two pieces. So you burn 3 stubs to claim
inside the prophecy or you can burn 5 stubs to get ashes of the
end. Those are photos that are taken
a parts of her movie that is being done and what she did is
she inserted the script into a I to recreate.
The something and Photoshop there was just six.
So it's three, like a piece of the film that you guys are gonna
see this time next year and she's working on right now.
Keep her to the end, right? And then it's crazy like, it's
the script that was put into AI and it gave this, which is
fucking cool. Like, if you ask me, it's so
cool. So it's our first like.
You know film three like NFT release here on stubs which is
super cool, super different when music NFT's that's the next one
we need right Jazz and so and so because jazz like we were
talking about this like 2 days ago but but anyways like super
cool. So it's on rug dot FM 4 slash
stubs not only to claim the code that I'm going to give in a
second but also to go and and and and burn your stubs for
this. Super cool man.
Like honestly we're going to look back at rug radio stubs
collection in like a few years and mean like down.
This is fucking sick. I'm actually really happy that
we're doing this throughout this entire market.
But anyways, and Julie could not come back today.
But the code. What's who's today's code?
Jazzy boy? Let me see, let me see, let me,
let me go through the, oh, today's code.
Oh, can you guess? There's no theme right now, is
there? I mean, there was kind of a
theme in the market for today ETF.
Yeah. ETF, you're pretty good at this
shit. I'm not gonna.
Lie been here this week. You're pretty good at this.
Like, I gotta say, like, I'm impressed, man.
You're always on the money. So ETF.
Literally spelled ETF. So rock dot FM 4 slash stubs to
claim if you have a DJ's access code or any of the rugby on FTS
you can claim your free stubs every day Monday to Friday we
get free enough these y'all literally every Monday to Friday
we get free out of these and they can burn it for fire art.
Like really cool. I don't believe there will be a
Stubs music or they there could be.
I got to talk to KD because now we weren't supposed to host but
now we're hosting which is fire Mika.
Before we take off, talk to us about next week like you know,
y'all will be like presenting our new show sponsor, like we
have a new title sponsor photo. The show we talked about Rogrido
town halls and we fire. You guys are like, you and
Mando. I'm hearing Cowley's gonna come
and like, be support, like what's happening next week?
Type us up for Monday. Next week is going to be
absolutely far away. Do we have the link for next
week or not? We.
Don't, because Mando didn't create it yet.
But he will. It's OK.
It's OK.
But just remember, and don't
worry, I'll remind everybody when the link goes out that
Monday to Friday, I am doing a rug radio takeover.
So it's going to be me and your boy Amando and it's going to be
absolutely crazy. All the things that Faro would
not let me say are going to be said.
All the things that are going to be, it's like my parents are out
of town, we're here to take over.
It's going to be absolutely insane.
And also I feel like it's going to be a very back to school
energy. Mando doesn't know this yet, but
I'm gonna hit him with the questions.
He's gonna have answers. He's gonna take me back.
By the way, it's gonna be good. So if you're just like, you know
what I need to reset. I need to refresh my memory.
I need to go back to school. Monday, Tuesday, Wednesday,
Thursday, Friday. And hopefully if I do a good job
other days, I'm gonna be there and I'll be asking your
questions. It's gonna be great.
We have a super special sponsor. I won't.
I don't know if I should say it right.
We we we we said at town hall. Yeah, we you can.
OK. It's gonna be lit.
We're sponsored by Kraken. So you know it's gonna be Kraken
and it's gonna be super fun. I.
Drop, I drop on the meeting with Kraken.
I'm really excited. The best way to start your day
is actually the show. Like whenever I I'm a cohost or
just whatever it is, it's kind of like forces me to like pay
attention and be like, hey, what's going on in the market.
There's always stuff to to learn and this market is definitely
exciting. So it'll inject that little
excitement during their day. And if you're in a different
time zone, it is recorded. So do that playback, run a back
turbo. But it's gonna be great Monday.
Exactly. Monday be there, same time, same
place. You're going to have Mando and
Michaela hosting the show. You know powered by Kraken.
So it's going to be super cool. I think they're rear wing
contest actually ends today and looks like a Prada Gremlin is
going to be other rear wing of a cracking of the Williams and F1
race car. You know, it's just so funny.
I can't wait to see that. But yeah, well it's going to be
fun. I'm super excited to to to
listen back. I'll try and like I'll try and
TuneIn live. I'm not going to promise
anything. It's been late.
In South Korea. And I'm going to be enjoying
Seoul. Guys, I fly at 5:00 in the
morning tomorrow. I mean, I have to leave the
airport like 2:00 AM. Do you sleep when you do that or
do you not sleep? Like, I'm so confused, like I
have to go. Yeah.
You sleep. Yeah.
Sleep early, Sleep early, yeah. Thank God I'm exhausted.
I'm probably going to go to bed like on the plane.
Anyways, so that'll be fun. Thank you, Kenobi.
Yeah, we're going to be traveling across the world, 16
hour flight, fam, 16 hour flight.
But it's going to be exciting next week.
So if you're in Korea blocks your week come say what up.
I'll be speaking. I speak at week on September 5th
at 5:00 PM the Sheila at Seoul, I'll be on stage actually with
Pacman and Frank. So it could go either way.
OK, but it's going to be fun. And then And then on September
7th, which is also, it's my birthday.
Fuck the fuck, it's my birthday Like 6 days.
Yo, damn, I'm getting old man 29.
Geesh. Just kidding.
I'm going to be on my last year of my 20s, man.
Last year of my 20s. That's crazy.
I'm joking.
Anyways, all right. With that, With that, With that.
Michael and Mikayla mine though, and Mikayla will see you on
Monday. Ovi and I will see you in a week
from that, more than nine days from now, for another episode of
Jam Web 3 on Rug Radio. So make sure you tune in.
Next week's is going to be different, but it's going to be
great nonetheless. Can't wait.
And with that, with that, with that, we'll see.
Y'all soon. Peace out.
Love. Y'all.
I'm going to miss y'all. Bye.