1 00:00:01,320 --> 00:00:04,600 Oh yo-yo, what up? What up? 2 00:00:05,200 --> 00:00:12,360 Good morning, Good morning, GMG. Oh my mic. 3 00:00:15,760 --> 00:00:23,440 Monday, June 24th, 2020. Tyler's laughing. 4 00:00:23,440 --> 00:00:26,840 He's like, shit, he's back. It's my favorite part of the 5 00:00:26,840 --> 00:00:30,440 Internet. It's we have double force today 6 00:00:30,560 --> 00:00:36,960 June 24th 2024444 look at that another beautiful day to have a 7 00:00:36,960 --> 00:00:40,800 beautiful day. Jesus Christ guys sorry my 8 00:00:40,800 --> 00:00:44,560 microphone is like not locking If anyone knows how to fix this 9 00:00:45,160 --> 00:00:49,080 my sure microphone is not locking the sound volume it 10 00:00:49,080 --> 00:00:52,560 never does this so I'm like playing around with it but 11 00:00:52,560 --> 00:00:56,080 anyways another beautiful day to have a beautiful day. 12 00:00:56,080 --> 00:01:00,160 I got my Co host in the house Tyler Mando. 13 00:01:00,160 --> 00:01:02,120 How you guys doing today? Long time no see. 14 00:01:03,720 --> 00:01:05,280 Yeah, we've been holding it down without you, man. 15 00:01:05,480 --> 00:01:07,720 It's been, it's been good. We had a great show last week. 16 00:01:09,160 --> 00:01:10,920 You have been, you have been holding it down. 17 00:01:10,920 --> 00:01:13,040 Tyler, how you doing? I'm good. 18 00:01:13,040 --> 00:01:16,120 I don't let the the negative price action impacts my mood. 19 00:01:16,120 --> 00:01:19,000 I only let the positive price action, it impacts my mood. 20 00:01:19,000 --> 00:01:22,680 So just totally ignoring it. I'll tell you what, it was a kid 21 00:01:22,680 --> 00:01:25,240 filled weekend here in Chicago. They, they don't tell you this 22 00:01:25,240 --> 00:01:27,640 when they give you out the instruction manuals that come 23 00:01:28,000 --> 00:01:31,200 with your children. We had five different kids 24 00:01:31,200 --> 00:01:33,840 birthday parties across Saturday and Sunday. 25 00:01:34,080 --> 00:01:35,520 I, I didn't know that was possible. 26 00:01:36,200 --> 00:01:38,400 So it literally dictated our entire weekend. 27 00:01:38,720 --> 00:01:43,160 But I'm happy to be back. Five kids birthday parties this 28 00:01:43,160 --> 00:01:47,240 weekend if you're not like. Unique parties requiring 5 gifts 29 00:01:47,920 --> 00:01:49,520 all in different venues across do. 30 00:01:49,560 --> 00:01:53,600 They know it's a bear market. They're all trying to front 31 00:01:53,600 --> 00:01:55,760 around 4th of July I guess It doesn't even make sense to me. 32 00:01:55,760 --> 00:01:58,640 I don't even know these children were born even around this time 33 00:01:58,640 --> 00:02:01,840 period, so I don't know. That is crazy Mando. 34 00:02:01,840 --> 00:02:03,720 I hope you're ready for that. You're gonna have to take your 35 00:02:03,720 --> 00:02:06,480 daughter out to five different like kids birthday party. 36 00:02:06,480 --> 00:02:09,639 Speaking of birthday parties, Mando, happy birthday again. 37 00:02:09,639 --> 00:02:11,720 Your birthday was yesterday, so I want to see some happy 38 00:02:11,720 --> 00:02:13,320 birthdays in the chat. What did you do for your 39 00:02:13,320 --> 00:02:15,440 birthday? What did I do? 40 00:02:15,440 --> 00:02:19,840 We, we did a boat trip actually in the morning, went out across 41 00:02:19,920 --> 00:02:23,480 the Bay around where we are and then and then went over to a 42 00:02:23,520 --> 00:02:26,560 friend's house. They and hung out like the kids 43 00:02:26,560 --> 00:02:28,200 in a pool. It was a good day. 44 00:02:28,200 --> 00:02:31,440 And then went out for dinner. It was it was a solid birthday, 45 00:02:31,640 --> 00:02:34,080 beautiful weather, beautiful, beautiful life here in Portugal. 46 00:02:35,480 --> 00:02:39,880 I know you know what the South of Europe is, is nice. 47 00:02:40,320 --> 00:02:43,200 I I've been used to, I'm in Spain right now and I'm in 48 00:02:43,200 --> 00:02:44,640 Ibiza. At least I have a beautiful 49 00:02:44,640 --> 00:02:47,520 office now to do this stuff and do some work in the morning from 50 00:02:47,520 --> 00:02:49,320 here. But you don't want to leave. 51 00:02:49,880 --> 00:02:51,960 You don't want to leave. The weather is so nice. 52 00:02:52,480 --> 00:02:55,200 Every day you wake up. I mean, I wish I would say that 53 00:02:55,200 --> 00:02:58,120 the negative price action didn't impact my mood, Tyler, because I 54 00:02:58,120 --> 00:03:00,840 totally let it get to me this past week completely. 55 00:03:01,240 --> 00:03:04,200 I have to tell you guys something from Tuesday to 56 00:03:04,200 --> 00:03:07,000 Sunday. So last night I was a bear. 57 00:03:08,160 --> 00:03:10,960 I, I have to come clean. I have to come clean on the 58 00:03:10,960 --> 00:03:13,280 show. I have to tell the people of 59 00:03:13,280 --> 00:03:16,520 FOMO hour 'cause you guys, you know, have been with us for like 60 00:03:16,520 --> 00:03:20,240 3 years now. Your boy, your boy went full 61 00:03:20,240 --> 00:03:23,640 bear. I let the ghosts of the bears 62 00:03:23,680 --> 00:03:27,160 get to my head. I was tired, I had my toothache. 63 00:03:27,800 --> 00:03:31,000 I have everything going on. We wake up in like bleeding my 64 00:03:31,000 --> 00:03:34,440 mouth. Everything got to me brain fog 65 00:03:34,800 --> 00:03:38,640 and and I let it happen. I let the negativity spread into 66 00:03:38,640 --> 00:03:40,960 my body like a tumor and it got me. 67 00:03:41,240 --> 00:03:43,640 And last night I did something crazy. 68 00:03:44,320 --> 00:03:47,480 I actually sold all of my one of my favorite coins. 69 00:03:48,120 --> 00:03:51,840 And then I woke up this morning. Amanda was like yo, get it 70 00:03:51,840 --> 00:03:54,760 together. OV was like faroque, I'm going 71 00:03:54,760 --> 00:03:57,040 to be laughing at you when it double S in a few months. 72 00:03:57,160 --> 00:04:01,240 Don't do this to yourself. And Mando said I will be sick if 73 00:04:01,240 --> 00:04:04,840 it pumps and I was like, you know what, I would hate to make 74 00:04:04,840 --> 00:04:08,480 myself sick as well as my friend, so I bought it all back. 75 00:04:08,960 --> 00:04:12,840 Let's go so back on it. We're so fucking back. 76 00:04:13,000 --> 00:04:15,520 We're feeling better. The antibiotics are doing their 77 00:04:15,520 --> 00:04:19,959 job and with that, with that, with that to dance show today, 78 00:04:20,600 --> 00:04:23,640 today. Can I just say, how depressed 79 00:04:23,640 --> 00:04:25,200 would you be right now if you hadn't bought it back? 80 00:04:26,600 --> 00:04:30,080 I I would be down very bad because the coin that I sold is 81 00:04:30,080 --> 00:04:32,720 up 10%. Yeah, I think that's what I 82 00:04:32,720 --> 00:04:33,600 mean. You'd be. 83 00:04:33,680 --> 00:04:38,320 You would have been so annoyed. I would have been sick, yeah, I 84 00:04:38,320 --> 00:04:40,320 would have been sick. I would have been sick. 85 00:04:40,680 --> 00:04:44,240 I would have been really, really, really, really, really 86 00:04:44,240 --> 00:04:45,800 sick. But anyways, so lessons in 87 00:04:45,800 --> 00:04:47,800 there, right, you know, lesson you want to sell. 88 00:04:47,800 --> 00:04:51,160 You saw times like OV did, he sold, he's comfortable, he sold 89 00:04:51,160 --> 00:04:52,880 enough, but he also has kid in the game. 90 00:04:52,880 --> 00:04:56,120 You know, he was teaching me this yesterday and then instead 91 00:04:56,120 --> 00:04:58,760 of selling, selling lows and feel like a dumb ass, which I 92 00:04:58,760 --> 00:05:00,680 did. But you know what, sometimes I'm 93 00:05:00,680 --> 00:05:04,600 sharing this story because just so you all know, it happens to 94 00:05:04,600 --> 00:05:06,240 the best of us. You know, we're out there every 95 00:05:06,240 --> 00:05:09,520 day, we're smiling, we're bull posting, but doesn't mean it's 96 00:05:09,520 --> 00:05:11,640 all good, right? It doesn't mean it's all good. 97 00:05:11,640 --> 00:05:14,480 Always, all the time. Sometimes you feel like fucking 98 00:05:14,480 --> 00:05:16,920 shit. And as you all know, almost all 99 00:05:16,920 --> 00:05:20,080 My Portfolio is on Solano and ecosystem, right? 100 00:05:20,080 --> 00:05:22,600 So it's like, it's been a rough fucking month. 101 00:05:23,800 --> 00:05:26,880 It's rough waking up every day. Not another Whiff has been down 102 00:05:26,880 --> 00:05:31,680 10% per day, OK during my vacation and during all events. 103 00:05:32,440 --> 00:05:36,360 So I have to like put a smile on, fucking cry in the morning 104 00:05:36,360 --> 00:05:41,680 from my pain in my face and beat down like $1,000,000 and a half. 105 00:05:41,920 --> 00:05:50,120 OK, that's not easy. But anyways, life, life is good, 106 00:05:50,720 --> 00:05:51,920 life is great. We're alive. 107 00:05:51,920 --> 00:05:55,040 I got my homies on the show. I'm really happy to see Tyler in 108 00:05:55,040 --> 00:05:57,080 mind with this. I really like, I'm really happy 109 00:05:57,080 --> 00:05:58,880 to see you both this morning. We're so back. 110 00:05:58,880 --> 00:06:00,520 See how the show today, today as usual. 111 00:06:00,520 --> 00:06:03,040 Obviously, you know, Mando's market report. 112 00:06:03,320 --> 00:06:06,120 Let's see what's going on seems to have somewhat of a bounce 113 00:06:06,280 --> 00:06:08,560 across the board. But please, Mando, please 114 00:06:08,560 --> 00:06:11,160 reassure us. My favorite bulls have all 115 00:06:11,240 --> 00:06:13,040 turned Barry. So I'm very worried when I saw 116 00:06:13,040 --> 00:06:15,240 St. pump this morning, who's like my favorite one of my 117 00:06:15,240 --> 00:06:17,400 favorite people to follow on Twitter for what it's worth got 118 00:06:17,400 --> 00:06:20,600 his notifications on say hey, if we break below 60, we could see 119 00:06:20,600 --> 00:06:22,320 48. I'm not gonna lie. 120 00:06:22,320 --> 00:06:27,640 I was shaking shake. I was shot my pants and and then 121 00:06:27,640 --> 00:06:29,880 and then after this we'll obviously go through Tyler. 122 00:06:30,280 --> 00:06:31,240 I mean work. It's a big wig. 123 00:06:31,240 --> 00:06:33,920 We have blast tge We had a few air drops last week. 124 00:06:33,920 --> 00:06:36,800 It's a massive week. I mean blast TG's in 48 hours 125 00:06:36,800 --> 00:06:38,680 right June 26th, if I'm not mistaken. 126 00:06:38,680 --> 00:06:39,920 So it. Was over though. 127 00:06:40,080 --> 00:06:43,960 Crypto was over this week dude. Should I go sell again? 128 00:06:44,360 --> 00:06:47,920 My legend is here. Oh no, I so love. 129 00:06:48,040 --> 00:06:49,960 Is over. Mert has sold everything. 130 00:06:49,960 --> 00:06:53,240 Crypto was over man. OK, OK, Listen to me that. 131 00:06:53,880 --> 00:06:57,760 Listen to me. That was so embarrassing and and 132 00:06:57,760 --> 00:07:00,440 and it's been fixed internally on the editorial side. 133 00:07:01,240 --> 00:07:03,760 This has never happened. Listen, crypto media, I feel 134 00:07:03,760 --> 00:07:06,480 like every crypto media is allowed one fumble per per per 135 00:07:06,480 --> 00:07:09,440 market, right? So you know, the crypt had its 136 00:07:09,440 --> 00:07:12,320 little slip up this morning reporting on a shit post for 137 00:07:12,320 --> 00:07:15,280 Merck. You know, clearly a joke, but 138 00:07:15,280 --> 00:07:17,080 they fixed it. Articles fixed. 139 00:07:17,080 --> 00:07:20,560 They pushed it back live without the Merck shit and we're sold 140 00:07:20,560 --> 00:07:21,880 back. And then after this, we'll be 141 00:07:21,880 --> 00:07:25,720 obviously going through Tyler's top 100 or five or actually two 142 00:07:25,720 --> 00:07:27,480 since crypto's dead. He probably has nothing to talk 143 00:07:27,480 --> 00:07:29,360 about. And then last but not least, 144 00:07:29,680 --> 00:07:33,200 this show is powered by moon Pay to buy and sell crypto with 145 00:07:33,200 --> 00:07:36,720 PayPal, download the moon pay app and fair side network wallet 146 00:07:36,720 --> 00:07:39,040 coverage for drain scams more. And let me tell you guys 147 00:07:39,040 --> 00:07:42,360 something. We have intracellar giveaway and 148 00:07:43,040 --> 00:07:47,360 we have 88 roll bit spins to do this week. 149 00:07:47,680 --> 00:07:51,080 So we're going to be doing 2 per day for four days except for 150 00:07:51,080 --> 00:07:54,120 Thursday. So two today, two Tuesday, 2 151 00:07:54,120 --> 00:07:56,880 Wednesday and two on Friday. So make sure you retweet the 152 00:07:56,880 --> 00:07:59,360 show everybody. Bottom right, show us some love. 153 00:07:59,520 --> 00:08:02,520 Let's show them what the people that bulls do exist and let's 154 00:08:02,520 --> 00:08:05,360 fucking go anyways. Do we have the jiggles now? 155 00:08:06,640 --> 00:08:09,800 We have them. I tried, it failed. 156 00:08:09,880 --> 00:08:12,280 We'll try again tomorrow. Oh no, he. 157 00:08:13,160 --> 00:08:18,840 Is the man macro daddy of the land Mando? 158 00:08:20,040 --> 00:08:22,400 Can you dig it? Hey. 159 00:08:22,480 --> 00:08:24,320 So yeah, it's not been a great weekend. 160 00:08:24,360 --> 00:08:29,200 Again, I forget where we were on Friday, but probably around 6364 161 00:08:29,200 --> 00:08:32,480 K, something like that. It's we headed low over the 162 00:08:32,480 --> 00:08:36,400 weekend, particularly today. A couple of major headlines 163 00:08:36,400 --> 00:08:39,200 around that. Firstly, we have, we continue to 164 00:08:39,200 --> 00:08:41,280 have the German government potentially selling up to 3 165 00:08:41,280 --> 00:08:46,120 billion of Bitcoin from from that that website that it 166 00:08:46,160 --> 00:08:49,960 confiscated it from. And then today we found out that 167 00:08:49,960 --> 00:08:54,600 the Mt Gox distributions might be happening starting from July. 168 00:08:55,040 --> 00:08:57,760 So that was slightly earlier than people predicted. 169 00:08:58,520 --> 00:09:01,720 Remember, this isn't Mt Gox isn't selling Bitcoin. 170 00:09:02,280 --> 00:09:05,240 It's not like FTX where they basically had the, they sold all 171 00:09:05,240 --> 00:09:07,480 the assets. They are giving people back 172 00:09:07,480 --> 00:09:09,480 their Bitcoin. So people will be giving back 173 00:09:09,840 --> 00:09:14,400 around 9 billion of Bitcoin through this distribution. 174 00:09:14,400 --> 00:09:17,120 So it's pretty big that's going to be coming back into the 175 00:09:17,120 --> 00:09:18,560 market. It's unclear if they sell it or 176 00:09:18,560 --> 00:09:23,200 not, but that's that's a transfer, let's say to people 177 00:09:23,200 --> 00:09:26,240 who may sell it. And then like I said, the German 178 00:09:26,240 --> 00:09:28,920 government kit was also selling. So we had a bunch of different 179 00:09:28,920 --> 00:09:33,240 people coming out looking at at technical levels. 180 00:09:33,240 --> 00:09:36,280 I think you know, in bear markets will be technical levels 181 00:09:36,280 --> 00:09:41,280 come back out and that that recent support of around let's 182 00:09:41,280 --> 00:09:45,120 say 58 to 60 K is, is kind of the important one. 183 00:09:45,120 --> 00:09:49,040 We, we bounced just below 61 K on Bitcoin. 184 00:09:49,480 --> 00:09:52,160 Solana is slightly outperforming. 185 00:09:52,400 --> 00:09:56,640 Since that bounce happened. ETH has kind of underperformed, 186 00:09:56,640 --> 00:09:59,760 I would say on that bounce, which has been slightly 187 00:09:59,760 --> 00:10:02,360 surprising because obviously we have the ETF now in about 8 188 00:10:02,360 --> 00:10:04,440 days. Looks like we'll, we'll be very, 189 00:10:04,440 --> 00:10:08,080 very soon for the ETF range of emotions out there right now. 190 00:10:08,080 --> 00:10:12,480 And you have people like Kang, like you said. 191 00:10:14,600 --> 00:10:16,240 What's his name again? Same pump. 192 00:10:16,800 --> 00:10:18,760 Calling for the calling for new lows. 193 00:10:19,560 --> 00:10:22,680 You have people like Anthem and Emperor BTC. 194 00:10:24,280 --> 00:10:26,680 Who else have I been? Who else have I been seeing? 195 00:10:28,280 --> 00:10:30,640 Just a few others just being like you look, we're just Arthur 196 00:10:30,640 --> 00:10:33,000 Hayes. We're going to bounce around the 197 00:10:33,000 --> 00:10:35,560 6061 K level. Don't don't get shaken out. 198 00:10:36,760 --> 00:10:39,880 And the timeline continues to basically fight about that. 199 00:10:40,920 --> 00:10:44,200 It does feel like Bitcoin, if you just like a Bitcoin, this 200 00:10:44,200 --> 00:10:45,560 doesn't really look like that bad a sell off. 201 00:10:45,560 --> 00:10:47,080 It's really been a sell off on everything else. 202 00:10:47,080 --> 00:10:52,560 It's been pretty, pretty brutal. I'm obviously still very 203 00:10:52,560 --> 00:10:55,840 bullish. I I think it's it's very much 204 00:10:55,840 --> 00:10:59,000 effective where people probably had their most, I don't know, 205 00:10:59,080 --> 00:11:02,480 their most exposure in terms of gambling sort of bags. 206 00:11:02,480 --> 00:11:04,760 So meme coins have really been hurt over this period. 207 00:11:05,080 --> 00:11:07,040 Altcoins have already been hurt over this period. 208 00:11:08,000 --> 00:11:12,840 ETH Bitcoin have held up OK and then Solana's kind of fallen the 209 00:11:12,840 --> 00:11:15,560 most, I think because a lot of it, lot of it has that sort of 210 00:11:15,560 --> 00:11:19,440 gambling exposure to it as well. So here I'm looking at the 211 00:11:19,440 --> 00:11:23,240 market I bought, I bought some whiff this morning. 212 00:11:23,720 --> 00:11:26,320 I bought some a little bit of Solana. 213 00:11:26,320 --> 00:11:30,400 But other than that, I'm kind of been happy with my bags of JLP 214 00:11:30,400 --> 00:11:35,040 plus plus Pepe. And yeah, the market, the market 215 00:11:35,040 --> 00:11:38,040 looks like it could maybe maybe test that 60K level at least 216 00:11:38,040 --> 00:11:41,040 once or twice more. But I, I still like, I still 217 00:11:41,040 --> 00:11:45,200 like the market here in terms of bullish things to maybe flag. 218 00:11:45,200 --> 00:11:50,360 Yes, you have a lot of you have some of this supply that could 219 00:11:50,360 --> 00:11:53,280 be coming to market, but it does feel like macro is going to be 220 00:11:53,280 --> 00:11:56,680 in a slightly more easing cycle. You have 10 of the top 11 221 00:11:56,680 --> 00:11:59,400 central banks now looking to ease in the second-half of this 222 00:11:59,400 --> 00:12:01,240 year. There's a very good blog by 223 00:12:01,240 --> 00:12:04,880 Arthur Hayes over the over the weekend, which talked about the 224 00:12:04,960 --> 00:12:08,520 the Japanese banks and the fact that we're going to have huge, 225 00:12:08,600 --> 00:12:10,960 huge easing because they're going to come in and try and 226 00:12:10,960 --> 00:12:13,400 sell the US Treasuries, which I thought was very interesting, he 227 00:12:13,400 --> 00:12:14,840 says. That's like one of the main 228 00:12:14,840 --> 00:12:17,880 things that will cause an increase in global liquidity. 229 00:12:18,560 --> 00:12:22,760 If you bring up Delphi, Delphi Digital, I don't. 230 00:12:24,240 --> 00:12:25,800 Know who should I bring up from Delphi? 231 00:12:26,440 --> 00:12:27,960 Just bring up their their main page. 232 00:12:27,960 --> 00:12:32,000 Yeah, there was a really good graph which basically just you 233 00:12:32,000 --> 00:12:35,280 cut out all the noise and you see how linked Bitcoin is to 234 00:12:35,280 --> 00:12:39,840 global liquidity. Oh, I remember that chart that 235 00:12:39,840 --> 00:12:42,320 goes like that. Right. 236 00:12:42,320 --> 00:12:45,360 So if you yeah, so empty money growth basically. 237 00:12:46,000 --> 00:12:48,280 So we've seen a slight retrenchment in empty money 238 00:12:48,280 --> 00:12:51,080 growth, which is basically completely mapped this this 239 00:12:51,080 --> 00:12:55,880 moving Bitcoin and the second-half of this year, we are 240 00:12:55,880 --> 00:12:57,840 expecting to see those sort of conditions ease. 241 00:12:57,840 --> 00:13:00,400 So you're starting to see, like I said, 11 of the of the 12, the 242 00:13:00,400 --> 00:13:03,800 10 of the 11 top major central banks are going to start easing 243 00:13:03,800 --> 00:13:07,320 and then you could have this. So there was a report last week 244 00:13:07,320 --> 00:13:11,440 that that to kind of go into a bit more deep depth on this 245 00:13:11,440 --> 00:13:16,240 Japanese bank situation, a bunch of Japanese banks own U.S. 246 00:13:16,240 --> 00:13:18,520 Treasuries and they have lost a lot of money owning them. 247 00:13:18,800 --> 00:13:21,680 And there's out there, they're similarly having the sort of 248 00:13:21,680 --> 00:13:24,640 issue that you have with the regional banks in the US 18 249 00:13:24,640 --> 00:13:30,400 months ago. So there by a strange mechanism, 250 00:13:31,440 --> 00:13:34,960 the Bank of Japan could potentially buy these bonds and 251 00:13:34,960 --> 00:13:39,160 post them back to the Fed and get dollars in return, which 252 00:13:39,160 --> 00:13:41,120 would basically be a huge amount of easing. 253 00:13:41,400 --> 00:13:44,320 And this is to the this is to the tune that they own trillions 254 00:13:44,320 --> 00:13:48,160 of dollars worth of U.S. debt. So like, I think it's something 255 00:13:48,160 --> 00:13:52,560 like 3 to 4 trillion of foreign owned bonds in Japan at the 256 00:13:52,560 --> 00:13:55,120 moment. So that could be a huge, huge 257 00:13:55,120 --> 00:13:57,160 easing cycle here for for empty money growth. 258 00:13:57,160 --> 00:14:00,280 So I don't know, you could simplify it and just be like, 259 00:14:00,280 --> 00:14:01,720 look, we're going to have more easing. 260 00:14:02,040 --> 00:14:05,160 Everything will make sense when that happens and Bitcoin has 261 00:14:05,160 --> 00:14:09,080 really just sold off slightly because of empty money growth. 262 00:14:09,640 --> 00:14:13,640 Or you could focus on the the short term flows, which is going 263 00:14:13,640 --> 00:14:17,120 to be the Mt Cox and potentially the German government. 264 00:14:17,480 --> 00:14:20,640 It's difficult to say if that news is already like people knew 265 00:14:20,640 --> 00:14:23,200 about it. I have to say that Mt Cox is 266 00:14:23,200 --> 00:14:24,840 well flagged. A lot of people would have known 267 00:14:25,200 --> 00:14:26,680 when those distributions would have happened. 268 00:14:26,680 --> 00:14:31,280 So maybe we've already seen some of the some of the reaction to 269 00:14:31,280 --> 00:14:34,680 that already. So that one's more difficult to 270 00:14:34,680 --> 00:14:38,360 say and even the German government is difficult to say. 271 00:14:38,880 --> 00:14:41,640 So I don't know if we are, it's best just to look forward and 272 00:14:41,640 --> 00:14:44,280 think, right, we're going to get more, more easing. 273 00:14:44,280 --> 00:14:48,240 So nothing to worry about for a while or you just focus on short 274 00:14:48,240 --> 00:14:50,160 term flows in which case I think it could be a little bit 275 00:14:50,160 --> 00:14:51,520 volatile over the next month or two. 276 00:14:52,920 --> 00:14:58,080 Do you think the Mount Gox you just kind of like already sold 277 00:14:58,080 --> 00:15:00,800 into because a lot of people seem to think that they don't 278 00:15:00,800 --> 00:15:02,800 understand last week that why Bitcoin kept selling and selling 279 00:15:02,800 --> 00:15:06,720 and selling with like macro being good, inflows for ETS 280 00:15:06,720 --> 00:15:09,080 being good and everything. Was that because of the Mount 281 00:15:09,080 --> 00:15:11,880 Cox stuff or just just kind of cope? 282 00:15:12,400 --> 00:15:17,280 Well, we saw big movements in the Mount Cox Bitcoin about two 283 00:15:17,280 --> 00:15:20,480 months ago. So and there are various 284 00:15:20,480 --> 00:15:22,280 different people involved in this distribution. 285 00:15:22,280 --> 00:15:24,840 This distribution has been going on for many, many years 286 00:15:25,440 --> 00:15:27,520 involving various different payment agents, I believe at 287 00:15:27,520 --> 00:15:30,360 Japanese banks, but also at other institutions. 288 00:15:30,360 --> 00:15:35,800 So I'm sure thousands of people knew that these distributions 289 00:15:35,800 --> 00:15:37,440 were going to happen. This isn't just like our one 290 00:15:37,440 --> 00:15:39,600 person knew this. This has been probably well 291 00:15:39,600 --> 00:15:40,760 flagged to a lot of different people. 292 00:15:40,760 --> 00:15:43,920 So the idea that people would know that this was going to 293 00:15:43,920 --> 00:15:47,760 happen in July probably was known by, if it's known by 1000 294 00:15:47,760 --> 00:15:50,240 people, it's known by enough people then to move the market. 295 00:15:50,240 --> 00:15:53,200 So, so yeah, I would say that this was probably very well 296 00:15:53,200 --> 00:15:55,720 known. So we probably didn't know about 297 00:15:55,720 --> 00:16:00,160 it, but other people did. So I personally would look at 298 00:16:00,160 --> 00:16:01,920 that as slightly backward looking. 299 00:16:02,160 --> 00:16:05,560 I think you could have dumps on certain days where it comes to 300 00:16:05,560 --> 00:16:10,960 market very similar to GBTC. But I would say the headlines 301 00:16:10,960 --> 00:16:14,000 that of that doesn't necessarily scare me because I feel as 302 00:16:14,000 --> 00:16:16,040 though enough people would have known that. 303 00:16:17,360 --> 00:16:21,240 OK, OK, OK, OK. And then and they said something 304 00:16:21,240 --> 00:16:24,480 about German government on top of rugging me on my football 305 00:16:24,480 --> 00:16:26,240 bets. Are they done rugging me in my 306 00:16:26,240 --> 00:16:28,280 crypto? We don't know yet. 307 00:16:28,280 --> 00:16:32,720 They, they were moving about 50 to 150 million per day the last 308 00:16:32,720 --> 00:16:35,960 three days last week and they they have 3 billion. 309 00:16:36,480 --> 00:16:41,600 So they could very easily come in and sell more this week that 310 00:16:41,600 --> 00:16:46,240 that I would say is probably loaned by fewer people because 311 00:16:46,360 --> 00:16:48,640 it seems a bit slightly sporadic when those repayments can be 312 00:16:48,640 --> 00:16:50,200 made. But the fact, just the fact that 313 00:16:50,200 --> 00:16:54,000 they are selling it, I think will make people think twice a 314 00:16:54,280 --> 00:16:57,480 little bit. Definitely, definitely, 315 00:16:57,480 --> 00:17:00,440 definitely. Also, yeah, I guess, I guess I 316 00:17:00,440 --> 00:17:02,800 guess we'll see. So hopefully we get somewhat of 317 00:17:03,320 --> 00:17:07,760 a of a relief, you know, today and this week, but it's not 318 00:17:07,760 --> 00:17:09,400 looking great. It's not looking great. 319 00:17:09,400 --> 00:17:11,520 We also have the ETF. What's the latest on the ETF man 320 00:17:11,520 --> 00:17:13,160 though I think are we still on pace for July 2nd? 321 00:17:14,839 --> 00:17:19,480 So we, yeah, we should theoretically see them within 322 00:17:19,480 --> 00:17:22,520 the next two weeks there. It's still unclear when exactly 323 00:17:22,520 --> 00:17:25,599 it will be. The Bloomberg analysts think 324 00:17:25,720 --> 00:17:28,319 July 2nd, which would be in eight days. 325 00:17:29,320 --> 00:17:32,720 OK, OK, perfect. That would be great. 326 00:17:32,840 --> 00:17:34,560 What do you think? What do you think about this? 327 00:17:34,560 --> 00:17:36,280 I'm curious about your thoughts on inflows and stuff. 328 00:17:36,280 --> 00:17:37,880 A lot of people seem to be quite fudding it. 329 00:17:37,920 --> 00:17:40,360 I saw the Andrew Kang article, didn't read the whole thing. 330 00:17:40,360 --> 00:17:44,440 It's really long, trying not to read too much honestly right 331 00:17:44,440 --> 00:17:46,800 now. What what what? 332 00:17:46,800 --> 00:17:48,800 How are you feeling about that influence for that? 333 00:17:49,800 --> 00:17:52,640 I think a lot of people are frustrated with the market. 334 00:17:52,640 --> 00:17:54,720 I think a lot of people have actually lost money this year. 335 00:17:54,880 --> 00:17:57,040 Genuinely. I think a lot of people, despite 336 00:17:57,320 --> 00:18:00,560 Bitcoin being up 50%, we, I think a lot of altcoins are 337 00:18:00,560 --> 00:18:06,680 lower. I think a lot of VCs invested at 338 00:18:06,680 --> 00:18:09,400 much higher valuations even for some of the major projects. 339 00:18:09,400 --> 00:18:12,040 We saw even last week that the layer, the layer zero final 340 00:18:12,040 --> 00:18:15,440 round is now underwater with respect to at least the token. 341 00:18:16,240 --> 00:18:20,160 And I think you're probably going to see quite a number of 342 00:18:20,160 --> 00:18:25,280 these sort of takes from people in, in the VC part of the the 343 00:18:25,320 --> 00:18:28,520 the market. I don't think anyone thinks it's 344 00:18:29,440 --> 00:18:31,800 we're in for an extended bear period. 345 00:18:32,320 --> 00:18:34,760 I think me and Tyler were speaking about last week. 346 00:18:34,760 --> 00:18:40,160 The majority of the takes point to a retracement before a for a 347 00:18:40,160 --> 00:18:45,440 rally later this year. My, my view is that I don't even 348 00:18:45,440 --> 00:18:47,120 see that happening. I just think that we're going to 349 00:18:47,120 --> 00:18:49,840 continue in this bull, this bull trend. 350 00:18:49,840 --> 00:18:55,400 But one thing I've I always realise is that during that bull 351 00:18:55,400 --> 00:18:59,920 markets fund, fundamental analysts kind of come to the 352 00:18:59,920 --> 00:19:01,680 forefront. The idea of new use cases for 353 00:19:01,680 --> 00:19:03,640 crypto come to the forefront. And during bear markets, 354 00:19:03,640 --> 00:19:07,520 charters come to the forefront. And suddenly my, my feed is full 355 00:19:07,520 --> 00:19:11,320 of charters talking about technical levels, about where it 356 00:19:11,320 --> 00:19:13,880 has to hold. Like just just think about what 357 00:19:13,880 --> 00:19:16,720 you just said. It has to hold 60K or it'll go 358 00:19:16,720 --> 00:19:21,360 to 48 Ki Mean what? What? 359 00:19:22,160 --> 00:19:23,880 Like why does that? Just why does that happen? 360 00:19:24,000 --> 00:19:26,400 Tyler's dying laughing. Tyler, what do you think about 361 00:19:26,400 --> 00:19:30,840 that? Yeah, we've maybe gone a bit too 362 00:19:31,040 --> 00:19:32,280 far into the bear market. I'm going to. 363 00:19:32,280 --> 00:19:34,240 Have a tequila to that. I'm going to have a little shot 364 00:19:34,240 --> 00:19:37,800 to that. I think it's a reposado. 365 00:19:37,800 --> 00:19:39,120 You know what's great about being in Europe? 366 00:19:39,120 --> 00:19:42,520 The show's at 4:30 PM. So it's like it's OK to have 367 00:19:42,520 --> 00:19:45,320 tequila at 4:30, whereas at 10:30 PM it's not so great. 368 00:19:45,320 --> 00:19:47,280 I mean, Tyler, what do you make of all that? 369 00:19:48,440 --> 00:19:51,600 Yeah, I mean, all I think that the TA is fun and all, but it's 370 00:19:51,600 --> 00:19:53,960 just nonsense. I think OSF had a great suite. 371 00:19:54,040 --> 00:19:56,400 He was talking about, oh, the token's up 50%, the chart looks 372 00:19:56,400 --> 00:19:58,000 great. Oh, the token's down 50%, the 373 00:19:58,040 --> 00:20:00,320 chart looks terrible. Yeah, no shit. 374 00:20:01,400 --> 00:20:05,480 So I don't know, I I kind of just just put it all aside. 375 00:20:05,480 --> 00:20:10,440 I think with the EBTFS, like every investment manager just 376 00:20:10,440 --> 00:20:13,000 preaches diversification non-stop. 377 00:20:13,680 --> 00:20:16,920 So like once they start recommending crypto allocation, 378 00:20:16,920 --> 00:20:19,280 it's not much of A leap to think that they are going to start 379 00:20:19,280 --> 00:20:23,880 recommending X percent of Bitcoin and X percent of ETH. 380 00:20:24,560 --> 00:20:28,160 And once you start turning that faucet on like it's not going to 381 00:20:28,160 --> 00:20:30,840 stop. So like, how could you be 382 00:20:30,840 --> 00:20:36,400 bearish about the inflows? You know what it is I needed you 383 00:20:36,400 --> 00:20:39,680 guys last week. That's why I I need it to be on 384 00:20:39,680 --> 00:20:43,560 the show. I got my Co hosts are bulls, the 385 00:20:43,560 --> 00:20:46,040 bulls with big balls. You saw that video going viral 386 00:20:46,040 --> 00:20:48,920 of that that sheep with like balls this big. 387 00:20:49,360 --> 00:20:51,920 You guys see it and where they have to put it in a bag and like 388 00:20:51,920 --> 00:20:53,680 carry the sheep. You guys see it around. 389 00:20:53,840 --> 00:20:55,920 It's been viral on X for some reason. 390 00:20:56,200 --> 00:20:58,520 I needed that. I needed that. 391 00:20:58,520 --> 00:21:01,040 You see he's just going to turn into four more hour without me 392 00:21:01,040 --> 00:21:03,760 or not as a matter of fact. Good thing I was here last week. 393 00:21:03,840 --> 00:21:05,600 Jesus Christ. Anyway, Tyler. 394 00:21:06,720 --> 00:21:09,360 Tyler. Tyler's top 100. 395 00:21:09,520 --> 00:21:10,200 What? What? 396 00:21:10,560 --> 00:21:12,560 Fuck I I, I don't. Damn, I really need those 397 00:21:12,560 --> 00:21:13,480 jingles. You know what? 398 00:21:13,480 --> 00:21:15,680 After this, we're gonna, we're gonna figure out how to download 399 00:21:15,680 --> 00:21:18,200 them on your Rd. caster to play them 'cause I need you to be 400 00:21:18,200 --> 00:21:20,360 ready to smash some bears. Tyler, what do you got for us? 401 00:21:20,920 --> 00:21:23,960 Yeah, let's go with eight today Tyler's top eight Bitcoin 402 00:21:23,960 --> 00:21:27,400 tumbles 5% after Mount Gox issues notice that it will begin 403 00:21:27,400 --> 00:21:30,280 making its repayments in Bitcoin and Bitcoin cash starting this 404 00:21:30,280 --> 00:21:33,720 July in accordance with the rules of each impacted country 405 00:21:34,080 --> 00:21:37,120 with falls 30% on the weak to new three month lows. 406 00:21:37,120 --> 00:21:39,960 Though it is up today, it fell out on the top 50 as Solana 407 00:21:39,960 --> 00:21:43,680 Means continue to get crushed. MOG jumped into second place. 408 00:21:43,680 --> 00:21:47,440 Over on the Etherium meme board after a big weekend. 409 00:21:47,640 --> 00:21:51,080 The leading NFTS did fall about 5 to 10% on each chain. 410 00:21:51,480 --> 00:21:55,560 Following the crypto dip in celebrity meme coins, Jason 411 00:21:55,560 --> 00:21:58,800 Derulo's token Jason has rebounded strongly this morning. 412 00:21:58,800 --> 00:22:01,400 It's flying. It's over 6,000,000 bucks after 413 00:22:01,400 --> 00:22:04,760 he announced last night that Sahil got me and that he had 414 00:22:04,760 --> 00:22:07,000 bought $20,000 of the token himself. 415 00:22:07,280 --> 00:22:10,640 Though the community notes are out in force pointing to prior 416 00:22:10,640 --> 00:22:12,600 crypto pumping up so so be careful out there. 417 00:22:12,920 --> 00:22:16,000 Another slot of news, Solana Debs did introduce ZK 418 00:22:16,000 --> 00:22:19,600 compression this weekend to help scale Solana in what could be a 419 00:22:19,640 --> 00:22:23,640 5000X improvement to Solana state compression, leading to a 420 00:22:23,640 --> 00:22:26,200 massive reduction in fees as well. 421 00:22:26,720 --> 00:22:30,560 BLAST AirDrop speculation has run rampant as the team loaded 422 00:22:30,560 --> 00:22:33,120 14 billion tokens and 3 billion tokens in the separate 423 00:22:33,120 --> 00:22:36,840 contracts, leading Stats good friend of the show to bump his 424 00:22:36,840 --> 00:22:41,440 gold estimate to $8.58, though he did acknowledge that the 15 425 00:22:41,440 --> 00:22:44,760 to 20% drawdown in L twos could bring that number back to seven. 426 00:22:47,600 --> 00:22:49,000 Yeah, yeah. We'll, we'll, we'll take it. 427 00:22:49,760 --> 00:22:52,960 Every day there's something bullish happening to gold lost. 428 00:22:52,960 --> 00:22:56,440 Gold estimates, man. No matter how bad the market is. 429 00:22:56,920 --> 00:23:00,640 Arbitrary might be done 20% in a day, but you know what's higher? 430 00:23:00,800 --> 00:23:02,680 You know what is higher? Blast Gold. 431 00:23:03,360 --> 00:23:06,080 L2 could be going to zero blast gold going up. 432 00:23:07,880 --> 00:23:10,480 It just doesn't go down. It's magical gold. 433 00:23:12,480 --> 00:23:14,800 We'll be we'll be hired by Wednesday, no doubt. 434 00:23:15,120 --> 00:23:17,400 Just rounding out this report, Luke and that's he announced 435 00:23:17,400 --> 00:23:20,560 Igloo Inc, the new parent company for Pudgies overpassed 436 00:23:20,560 --> 00:23:23,720 and redacted with the mission to build the largest on chain 437 00:23:23,720 --> 00:23:25,920 community and driver consumer crypto revolution. 438 00:23:26,160 --> 00:23:29,600 Two NFT tokens are coming soon with AI Arena's NRN token 439 00:23:29,600 --> 00:23:33,280 launching today. Mocha's token Mocha is coming in 440 00:23:33,280 --> 00:23:35,320 July. And then a lot of fancy top 441 00:23:35,320 --> 00:23:37,120 news. They did a retroactive gold 442 00:23:37,120 --> 00:23:39,920 AirDrop yesterday for users based on historical activity. 443 00:23:40,200 --> 00:23:42,520 Their last round of main tournaments finally ended. 444 00:23:42,520 --> 00:23:46,480 Hero payments have gone out, and they announced 20% of their new 445 00:23:46,480 --> 00:23:49,640 tactics product is of the province is going to Heroes as 446 00:23:49,640 --> 00:23:51,000 well. So that's the rundown. 447 00:23:51,000 --> 00:23:52,960 A lot of a lot of directions we could go with this one. 448 00:23:54,000 --> 00:23:57,160 OK, We're going to start with Blast TGS in two days. 449 00:23:57,160 --> 00:23:58,280 So I think we should start there. 450 00:23:58,280 --> 00:24:01,240 I did, I did see the, I did see the post from ICOB. 451 00:24:01,240 --> 00:24:04,240 So it's really been on top of like blast gold, you know, for a 452 00:24:04,240 --> 00:24:08,280 while talking about the 14 billion tokens etcetera. 453 00:24:08,280 --> 00:24:10,560 I mean, what do you what, what do we think here? 454 00:24:10,560 --> 00:24:12,840 Like what do we think is actually going to happen with 455 00:24:12,840 --> 00:24:15,080 this blast? I'm I'm curious, what's your 456 00:24:15,080 --> 00:24:18,200 actual estimations, Tyler? Yes, the decent stage. 457 00:24:18,200 --> 00:24:22,480 So blast speculation heated up after two big token moves into 458 00:24:22,480 --> 00:24:24,240 the test net contracts in the last day. 459 00:24:24,240 --> 00:24:27,200 So 14% of the tokens that's 14 billion were moved into one 460 00:24:27,200 --> 00:24:30,760 contract, 3 billion moved into another, then that 3 billion 461 00:24:30,760 --> 00:24:33,160 actually got divided into 2 billion and one. 462 00:24:33,480 --> 00:24:36,680 The TLJR is no one knows anything and this is all 463 00:24:36,680 --> 00:24:39,480 speculation. But as we mentioned stats, he 464 00:24:39,480 --> 00:24:43,360 originally guessed that everything would go into the 14% 465 00:24:43,360 --> 00:24:45,280 bucket. So if the blur points are coming 466 00:24:45,840 --> 00:24:48,760 from that 3%, then he acknowledged that his estimate 467 00:24:48,760 --> 00:24:56,760 is in fact low 15 to 20%, which bumped his target to $8.58. 468 00:24:57,680 --> 00:25:01,640 I think that aligns still somewhere in the, the seven to 469 00:25:01,640 --> 00:25:04,800 $10 billion FTV. But I think ICOBST, he shared 470 00:25:04,800 --> 00:25:08,240 some of the the, the target numbers as well. 471 00:25:11,120 --> 00:25:13,800 Everything just comes down to the incentives that PAC Man's 472 00:25:13,800 --> 00:25:16,760 going to announce on Wednesday. If there's incentives to buy the 473 00:25:16,760 --> 00:25:19,480 token and hold it, I think we're going to see a higher FDB than 474 00:25:19,480 --> 00:25:22,360 people think. If the if the incentives aren't 475 00:25:22,360 --> 00:25:24,880 let down, I think we're we're just going to come out probably 476 00:25:24,880 --> 00:25:28,080 a little bit lower, but I don't know. 477 00:25:28,080 --> 00:25:32,480 I think I, it's hard for me to see a world below like 4 billion 478 00:25:32,480 --> 00:25:34,280 FDB 5. So I I'm still. 479 00:25:34,320 --> 00:25:38,240 What was the bit about vesting that we need to like so maybe 480 00:25:38,240 --> 00:25:41,360 50% of it is vested or what did I that somebody was saying? 481 00:25:41,520 --> 00:25:44,440 That for the whales, something about whales vesting 50%, what 482 00:25:44,440 --> 00:25:47,080 was that? Yeah, so Nyax looked into the 483 00:25:47,080 --> 00:25:49,120 contract. So there is some code that 484 00:25:49,120 --> 00:25:54,200 points to a 50% vest. There's also a threshold amount 485 00:25:54,200 --> 00:25:56,160 in the code. So people are thinking that only 486 00:25:56,160 --> 00:25:59,920 for whales who hold above a certain percentage are going to 487 00:25:59,920 --> 00:26:03,080 have to do this vest. This is another one where where 488 00:26:03,080 --> 00:26:04,800 no one, just no one knows the details. 489 00:26:04,800 --> 00:26:07,400 Because if you remember the blur, the last blur AirDrop came 490 00:26:07,400 --> 00:26:11,320 with an auto staking component as well, but you can simply 491 00:26:11,320 --> 00:26:14,000 unstake it and sell. So like there's a chance that 492 00:26:14,000 --> 00:26:16,240 this is the same thing here. So we don't have any 493 00:26:16,240 --> 00:26:19,240 confirmation that it will be like a forced vest. 494 00:26:19,760 --> 00:26:24,360 CBB is saying CBB just tweeted out two minutes ago that it's 495 00:26:24,360 --> 00:26:27,920 going to be probably 50% investing with a 2,000,000 token 496 00:26:27,920 --> 00:26:31,800 threshold. So I don't know top whales. 497 00:26:31,800 --> 00:26:35,280 I mean, 2 million seems like that's a lot of tokens. 498 00:26:35,280 --> 00:26:39,680 So I mean, we're talking about probably like less than 100 499 00:26:39,680 --> 00:26:41,560 people. I'd have to go look at the 500 00:26:41,560 --> 00:26:44,480 leaderboard. I think that's probably, I think 501 00:26:44,480 --> 00:26:46,280 for most people that's probably good news. 502 00:26:46,840 --> 00:26:48,360 That's good news, yeah. You're happy with that? 503 00:26:49,920 --> 00:26:53,320 Interesting. OK, so we're we're going to get 504 00:26:53,320 --> 00:26:58,120 rich. Yes, we're going to keep raising 505 00:26:58,120 --> 00:27:00,600 the estimate by 20% per day until Wednesday. 506 00:27:00,640 --> 00:27:05,360 My my Blast gold estimates have gone up from half a cent, half a 507 00:27:05,360 --> 00:27:10,880 dollar to like $2.50. That's what I'm putting you. 508 00:27:11,520 --> 00:27:16,440 Got to up those numbers. I'm I'm, I'm I I I it's over for 509 00:27:16,440 --> 00:27:17,720 me. I'm I'm I'm. 510 00:27:17,720 --> 00:27:20,000 I'm going to start everything low so that I get happy on the 511 00:27:20,000 --> 00:27:21,440 way up. I'm done. 512 00:27:21,880 --> 00:27:24,960 I'm done with the shit paying 20 bucks and going down. 513 00:27:25,520 --> 00:27:28,000 The bigger story is just like starting to think conceptually 514 00:27:28,000 --> 00:27:30,240 about like what needs to happen in this ecosystem. 515 00:27:30,240 --> 00:27:33,160 There's been a lot of chatter of basically telling Pac-Man to 516 00:27:33,160 --> 00:27:37,000 incentivize holding up tokens. I think OVOS stuff shared 517 00:27:37,000 --> 00:27:39,880 something along those lines we talked about on the show before, 518 00:27:39,880 --> 00:27:42,080 but there's like nothing is going up. 519 00:27:42,080 --> 00:27:45,400 There is no wealth effect being created on on blast right now. 520 00:27:45,840 --> 00:27:50,000 Like Clemente ran a poll like 60% of users have lost ETH so 521 00:27:50,000 --> 00:27:52,680 far over on blast and they stopped. 522 00:27:53,160 --> 00:27:56,200 Like the jackpot got turned off. There hasn't been a good jackpot 523 00:27:56,200 --> 00:27:59,280 hit since Pac-Man hit the the 57%. 524 00:27:59,280 --> 00:28:00,640 And that was like two months ago. 525 00:28:01,360 --> 00:28:05,800 Like if you told me like I was so happy with the jackpot. 526 00:28:05,800 --> 00:28:08,960 I thought it was so fun and innovative and new and it was 527 00:28:08,960 --> 00:28:12,080 just a fun like gamble and they just made it less fun. 528 00:28:12,080 --> 00:28:14,440 Like nothing hit for the last like three to four weeks. 529 00:28:14,440 --> 00:28:17,360 We're like we're literally limping into TGE and it's like 530 00:28:17,360 --> 00:28:19,320 the opposite of the type of momentum I would think you'd 531 00:28:19,320 --> 00:28:22,280 want to build going into this AirDrop. 532 00:28:22,280 --> 00:28:25,560 And I think that is the concern is that it just seems like all 533 00:28:25,560 --> 00:28:28,280 the momentum is just like kind of gone, like the tokens are 534 00:28:28,280 --> 00:28:30,440 going down. The NM TS have been dust for a 535 00:28:30,440 --> 00:28:33,000 while. You know a few of the absolute 536 00:28:33,000 --> 00:28:36,880 like district one has the most but it's ever had fancy top 537 00:28:36,880 --> 00:28:38,320 doing OK I saw. That. 538 00:28:39,760 --> 00:28:43,160 I think fancy stopping one of the the the lights still here 539 00:28:43,160 --> 00:28:47,080 with, you know, apps that still have potential for users after 540 00:28:47,200 --> 00:28:51,280 after this week. So we'll, we'll see. 541 00:28:52,160 --> 00:28:55,560 OK, it's a big week. OK, it's, it's a big week, 542 00:28:55,720 --> 00:28:57,520 Mando, Mando tweeted. It's a big week. 543 00:28:57,520 --> 00:28:58,600 This morning. I saw that. 544 00:28:58,720 --> 00:29:01,880 I saw you, Mando. You're like, oh, big week, big 545 00:29:01,880 --> 00:29:04,240 week. So what, what do you what, what 546 00:29:04,240 --> 00:29:05,960 is your call, Mando? What's what? 547 00:29:05,960 --> 00:29:11,880 What is your blast projection? Yeah, I, I, I can't imagine that 548 00:29:11,880 --> 00:29:19,080 it won't require some level of either staking or vesting for 549 00:29:19,080 --> 00:29:20,520 me. Like I think he's going to keep 550 00:29:20,520 --> 00:29:23,000 the Ponzi going. Like knowing he might, he might 551 00:29:23,000 --> 00:29:28,360 have a, he might 14% I think is, is, is relatively good or 70% 552 00:29:28,360 --> 00:29:29,920 would be relatively good. But I imagine there's going to 553 00:29:29,920 --> 00:29:33,200 be some sort of draw to keep you involved as well. 554 00:29:33,200 --> 00:29:36,520 So I don't think we've seen the whole picture, but my guess is 555 00:29:36,520 --> 00:29:38,880 this isn't going to happen how anyone thinks it's going to 556 00:29:38,880 --> 00:29:40,440 happen. That's, that's, that's basically 557 00:29:40,440 --> 00:29:43,680 what my, my view is on this. And I've, I've thought that 558 00:29:43,680 --> 00:29:46,440 since the start. I, I think kind of like it, just 559 00:29:46,920 --> 00:29:50,480 it's not going to be your classic thing to me. 560 00:29:51,240 --> 00:29:53,400 Yeah, it's going to be something out of the blue. 561 00:29:53,720 --> 00:29:56,760 He's a smart, he's a smart guy. He knows he's a smart guy. 562 00:29:57,160 --> 00:30:01,600 They he's probably sat in a room with like paradigm just being 563 00:30:01,600 --> 00:30:05,480 like, let's let's do something crazy here, like. 564 00:30:05,480 --> 00:30:08,200 Yeah, Wolf of Wall Street meme. The Wolf of the Wolf of Meme. 565 00:30:09,440 --> 00:30:10,880 Yeah, exactly. There's no way he's just sat 566 00:30:10,880 --> 00:30:12,680 down and gone like, yeah, it's going to give these people 567 00:30:12,680 --> 00:30:15,000 tokens and see what happens. Like there's, there's like just 568 00:30:16,440 --> 00:30:19,200 there's no way in my mind that that that conversation has 569 00:30:19,200 --> 00:30:21,040 happened. We're going to do like a AirDrop 570 00:30:21,040 --> 00:30:23,080 like everyone else does an AirDrop, and it's going to go 571 00:30:23,680 --> 00:30:25,880 completely how everyone thinks. It's going to go like, no. 572 00:30:27,680 --> 00:30:30,800 It's so funny, you know that meme where they go like this 573 00:30:30,800 --> 00:30:34,120 guy, here they go and then they thought they're going to get the 574 00:30:34,160 --> 00:30:36,760 token right away. The fans they'll. 575 00:30:37,240 --> 00:30:39,080 Be like that, Like there's no doubt. 576 00:30:41,760 --> 00:30:43,680 I just think that it's just going to be complex. 577 00:30:43,680 --> 00:30:47,160 It's not like it's always been complex again, and there's just 578 00:30:47,160 --> 00:30:50,000 no way it's going to be simple. I agree. 579 00:30:50,480 --> 00:30:51,800 I agree. No, it's to purchase it. 580 00:30:51,800 --> 00:30:55,760 You know what? I'll take another sip to that to 581 00:30:55,760 --> 00:30:56,760 a blast. Woof. 582 00:30:57,520 --> 00:30:59,600 To bullheaded. But it's going to be hot. 583 00:30:59,600 --> 00:31:03,960 That's one thing I do now. Oh, no, I I agree with you 584 00:31:04,040 --> 00:31:05,400 actually. That's why I've been going home 585 00:31:05,400 --> 00:31:08,400 in the fantasy tops, which I by the way, Tyler, I really like 586 00:31:08,400 --> 00:31:10,240 what they did yesterday to retract. 587 00:31:10,360 --> 00:31:13,080 It. Felt good, right? 588 00:31:14,520 --> 00:31:17,680 It's just an, it wasn't like a huge amount of gold or anything, 589 00:31:17,680 --> 00:31:19,320 but I think it was just a nice touch. 590 00:31:19,320 --> 00:31:21,720 Like everyone loves like the free surprise and no one 591 00:31:21,720 --> 00:31:25,960 expected it coming because like in in theory, like you, they had 592 00:31:25,960 --> 00:31:27,680 been rewarding users along the way. 593 00:31:27,680 --> 00:31:30,120 They hit the jackpot a couple times. 594 00:31:30,440 --> 00:31:35,440 Not many apps that I can recall did any kind of like retroactive 595 00:31:36,120 --> 00:31:38,280 AirDrop based on your historical activity. 596 00:31:38,280 --> 00:31:40,400 I think IKB, the sports book kind of did. 597 00:31:40,400 --> 00:31:42,800 That's a little bit different because that was more in line 598 00:31:42,800 --> 00:31:45,360 with their payment model. So they're they're, I think 599 00:31:45,360 --> 00:31:47,560 they're claiming this is the only retroactive AirDrop we've 600 00:31:47,560 --> 00:31:50,680 seen, which might be kind of true by by the terms. 601 00:31:51,080 --> 00:31:54,200 But they they seem to be kind of cleaning up house a little bit, 602 00:31:54,200 --> 00:31:59,400 getting all the ducks in a row here ahead of the the the TG and 603 00:31:59,400 --> 00:32:02,800 whatever's coming next so that they paid out heroes and the 604 00:32:02,800 --> 00:32:04,120 heroes got a decent chunk of gold. 605 00:32:04,120 --> 00:32:05,800 I don't know if you've seen your your hero. 606 00:32:06,360 --> 00:32:11,400 I just saw that holy shit I just opened I have 4000 gold from 607 00:32:11,400 --> 00:32:12,960 fantasy. Let's go. 608 00:32:13,720 --> 00:32:15,720 That's a nice. Number I didn't even know. 609 00:32:16,400 --> 00:32:20,280 Oh I'm revising my gold. Gold is going to open at $12.55. 610 00:32:20,600 --> 00:32:24,800 I just holy guys. I've gotten 5300 gold total just 611 00:32:24,800 --> 00:32:26,920 because of fantasy top. That's all I did on blast. 612 00:32:26,920 --> 00:32:29,800 I did nothing else. Who's sick? 613 00:32:30,160 --> 00:32:32,400 Only $500,000 by Wednesday, easily. 614 00:32:34,200 --> 00:32:39,320 Everyone 100. Bucks Yes gold is going to be 615 00:32:39,320 --> 00:32:46,280 $100 OS F1 OSFI mean at this stage mando like OSF is going to 616 00:32:46,280 --> 00:32:50,720 be able to buy the island of Madera like this guy's so rich 617 00:32:50,720 --> 00:32:52,360 like this guy must have made like 200. 618 00:32:52,360 --> 00:32:55,560 I heard he made like $200 million on whiff like this is 619 00:32:55,560 --> 00:32:59,680 crazy. I I heard he made like. 20 done 620 00:32:59,720 --> 00:33:03,440 a decent decent cycle so far. You know what, I'm so happy for 621 00:33:03,440 --> 00:33:04,560 him. He's about to have a kid in like 622 00:33:04,560 --> 00:33:07,760 5 days for like 10 days I don't know anyways, it's on the way 623 00:33:07,760 --> 00:33:15,120 that's why he's tweeting so much he's home too much see you right 624 00:33:15,120 --> 00:33:17,680 now. But anyways, Tyler, so let's 625 00:33:17,680 --> 00:33:20,360 talk a bit about this Solana devs Introzika compression to 626 00:33:20,360 --> 00:33:22,960 help skill song up to 5000 X right this I thought this was 627 00:33:22,960 --> 00:33:24,920 some pretty big news. I know Adam Cochran as usual, 628 00:33:24,920 --> 00:33:28,440 wants like duck on it, but Mert, I thought I really like Mert's 629 00:33:28,440 --> 00:33:32,360 response to him, which was like killed you not with kindness, 630 00:33:32,360 --> 00:33:34,200 killed you with like braids, right. 631 00:33:34,200 --> 00:33:38,080 You know how usually CT dogs with like shit posting, but Bert 632 00:33:38,080 --> 00:33:41,240 came in really with brains and explained like what? 633 00:33:41,240 --> 00:33:45,040 What's this thing all about? Yeah, so Solana ZK compression 634 00:33:45,040 --> 00:33:48,520 on Saturday, Slana did. Slana devs did introduce ZK 635 00:33:48,520 --> 00:33:50,960 compression to Solana. So this works through a process 636 00:33:50,960 --> 00:33:54,440 known as state compression allows developers to source 637 00:33:54,440 --> 00:33:57,560 certain types of data using Solana's cheaper Ledger space 638 00:33:57,560 --> 00:33:59,400 rather than a more expensive account space. 639 00:33:59,880 --> 00:34:02,920 Though it did come with some criticism from the eve camp Mert 640 00:34:02,920 --> 00:34:05,840 in his introduction. He goes on to note that 641 00:34:05,840 --> 00:34:09,600 everything you thought you knew about Solana and scaling L ones 642 00:34:09,639 --> 00:34:12,080 is about to change. We're compressing on change 643 00:34:12,080 --> 00:34:15,080 state to get 10,000 X scale improvements to get one step 644 00:34:15,080 --> 00:34:18,880 closer to building the financial computer in unstoppable global 645 00:34:18,880 --> 00:34:21,679 atomic state machine syncing at the speed of light. 646 00:34:21,679 --> 00:34:25,520 And he goes on to clarify for non-technical folks, devs can 647 00:34:25,520 --> 00:34:28,600 now build and scale literally anything they want directly on 648 00:34:28,600 --> 00:34:31,080 Solana. He gives an example based on 649 00:34:31,080 --> 00:34:36,440 this AirDrop to 1,000,000 users. This today would cost $260,000 650 00:34:36,440 --> 00:34:39,280 just for the state. Now it would be $50.00. 651 00:34:39,280 --> 00:34:44,320 So literally 5200 X cheaper. And he goes, this is just one 652 00:34:44,320 --> 00:34:48,040 example, there's a whole lot more that you can do with this. 653 00:34:48,040 --> 00:34:50,679 And then he goes on to explain the difference between between 654 00:34:50,679 --> 00:34:55,199 compute and state and we, we can let the nerds dive into that in 655 00:34:55,199 --> 00:34:59,080 in their own time. There was some hilarious back 656 00:34:59,080 --> 00:35:02,440 and forth with different folks in the community responding to 657 00:35:02,440 --> 00:35:03,800 this. It seems like a lot of folks in 658 00:35:03,800 --> 00:35:07,000 the ETH maxi crowd really did respond negatively to this. 659 00:35:07,560 --> 00:35:08,880 You mentioned the Cochrane comment. 660 00:35:08,880 --> 00:35:10,640 Perhaps we can get to that in, in a minute. 661 00:35:10,680 --> 00:35:14,280 This other Ethereum investor, Ryan Berkman's was criticizing 662 00:35:14,280 --> 00:35:17,240 it, calling it unethical BS. He says their new product is 663 00:35:17,240 --> 00:35:20,480 actually an L2L2's are a winning model. 664 00:35:20,480 --> 00:35:23,600 And then Anatoly responded, I'm quoting here. 665 00:35:24,000 --> 00:35:26,680 Sure it's an L2 that doesn't need a Security Council multi 666 00:35:26,680 --> 00:35:29,360 sig users don't need to switch chain I DS, doesn't need a 667 00:35:29,360 --> 00:35:31,480 governance token, doesn't need an external sequencer. 668 00:35:31,720 --> 00:35:33,640 Flaw about air, still get all the transaction fees. 669 00:35:33,640 --> 00:35:36,600 It's like an L2 without all the things that people complain 670 00:35:36,600 --> 00:35:39,600 about L2. So I thought that was a pretty 671 00:35:39,640 --> 00:35:42,960 good response there from Tolley and then Mert responding to 672 00:35:42,960 --> 00:35:45,960 Cochran, basically calling him out like you, you've never built 673 00:35:45,960 --> 00:35:47,760 anything in your life. Like how dare you? 674 00:35:47,760 --> 00:35:51,400 You criticize this and then goes into the the depths so that they 675 00:35:51,400 --> 00:35:53,960 got a little fired up on the timeline this weekend, but 676 00:35:53,960 --> 00:35:58,000 rightfully so. This seems like a a big deal for 677 00:35:58,040 --> 00:36:03,000 for Solana and what fire dancer is still coming in a few months. 678 00:36:03,520 --> 00:36:05,840 Things are getting faster and cheaper. 679 00:36:07,280 --> 00:36:10,040 I love that. I love that just one second 680 00:36:10,040 --> 00:36:12,640 before I go on to the next thing I'm being told I got to give a 681 00:36:12,640 --> 00:36:16,520 coat out. FOMO, our wine for you wine 682 00:36:16,520 --> 00:36:18,840 lovers. FOMO our wine shot the 683 00:36:18,840 --> 00:36:21,000 intercellular, our partners, we were here, they were in Cannes 684 00:36:21,000 --> 00:36:22,720 with us. They also sponsored the the boat 685 00:36:22,720 --> 00:36:24,040 last week. Super sick. 686 00:36:24,280 --> 00:36:27,000 Serve some good wines. So some good wines, Tyler, you 687 00:36:27,000 --> 00:36:28,640 were missed in France. You were definitely missed in 688 00:36:28,640 --> 00:36:30,280 France. We got better get you out to one 689 00:36:30,280 --> 00:36:32,440 of those trips with us. It's it was great. 690 00:36:33,120 --> 00:36:34,200 It was great. It's a lot of work. 691 00:36:34,360 --> 00:36:37,320 It's a lot of fun as well. So anyways, four more hour wine 692 00:36:37,320 --> 00:36:41,160 is the code today for that. So OK, so all this fun was 693 00:36:41,160 --> 00:36:42,440 crazy. I really like merch reply. 694 00:36:42,440 --> 00:36:43,560 I think I shared it at some point. 695 00:36:43,560 --> 00:36:47,600 So I thought it was great, you know, as usual, but it's it's 696 00:36:47,600 --> 00:36:49,080 just funny. Every time someone's trying to 697 00:36:49,080 --> 00:36:53,040 do something cool, we kind of like try to flood it down to 0. 698 00:36:53,040 --> 00:36:54,680 So that was that. And then Pudgy. 699 00:36:54,880 --> 00:36:56,760 So what happened last week? So I oversaw the timeline 700 00:36:56,760 --> 00:37:00,840 because I was like semi off. There's a bent out liquidations 701 00:37:01,240 --> 00:37:05,360 classic completely bought out. And you said the chance to buy a 702 00:37:05,360 --> 00:37:08,680 Pudgy out of 10 E may be here for the last time ever. 703 00:37:08,800 --> 00:37:13,560 So what happened since? Yeah, some have been saying NFTS 704 00:37:13,560 --> 00:37:17,040 are dead, perhaps forever. Apparently, no one told Luka 705 00:37:17,040 --> 00:37:20,320 Nets and the Budgie Penguins. So on Saturday, Luka Nets the 706 00:37:20,320 --> 00:37:23,040 pug Penguins CEO, he introduced their new parent company, Igloo 707 00:37:23,080 --> 00:37:25,520 Inc. It sits over Pudgy Penguins 708 00:37:25,680 --> 00:37:29,880 Overpass their IP arm and then this new Redacted entity. 709 00:37:30,080 --> 00:37:33,200 The company's mission to create the largest on chain community 710 00:37:33,200 --> 00:37:35,320 driving the consumer crypto revolution. 711 00:37:35,600 --> 00:37:39,280 The plan is for Igloo to form is broader end to end ecosystem, 712 00:37:39,280 --> 00:37:42,120 allowing for new entrants to join the community in a non 713 00:37:42,120 --> 00:37:45,400 dilutive fashion. That is a key music to NFT 714 00:37:45,400 --> 00:37:47,960 holders ears. Of course, the team went on to 715 00:37:47,960 --> 00:37:50,920 confirm the Pudgy Penguins will continue to serve as the top of 716 00:37:50,920 --> 00:37:54,920 funnel Overpass IP alliance holders with the team brand 717 00:37:54,920 --> 00:37:58,120 through licensing opportunities. And then this new redacted 718 00:37:58,120 --> 00:38:02,280 entity sits between them. They teased more coming in the 719 00:38:02,280 --> 00:38:05,560 coming months to complete this picture and show the full 720 00:38:05,560 --> 00:38:08,160 vision. And this came right at the same 721 00:38:08,160 --> 00:38:13,200 time that a fresh wallet had deposited 1069 E, which is $3.75 722 00:38:13,200 --> 00:38:17,000 million in bid on the 110 Penguins, all the Penguins that 723 00:38:17,000 --> 00:38:20,240 were in Ben Dao. Basically, it looks like a fund 724 00:38:20,240 --> 00:38:23,400 or a whale did kind of come to bail out all the bad debt 725 00:38:23,400 --> 00:38:28,600 aligned with this announcement. So I think the pudgy 4 bottomed 726 00:38:28,600 --> 00:38:33,200 around 7 ETH shot back like 9.39 point five. 727 00:38:33,200 --> 00:38:35,920 I think everything's down a little bit here this morning. 728 00:38:35,920 --> 00:38:39,440 But the pudgy loan crisis, it feels like that is in the past. 729 00:38:39,800 --> 00:38:43,960 And the, the big news here to me is the the redacted piece. 730 00:38:43,960 --> 00:38:47,480 So, So what is redacted? I think folks have started to 731 00:38:47,480 --> 00:38:49,480 speculate. We don't know what it is, but 732 00:38:49,480 --> 00:38:52,120 something big is coming. It feels like Luca and team have 733 00:38:52,120 --> 00:38:55,480 been building up to this announcement now for some time. 734 00:38:55,840 --> 00:38:57,840 Not sure when it's going to come, but I think it's going to 735 00:38:57,840 --> 00:39:02,280 be a blockbuster. Yeah, it's, it's going to be 736 00:39:02,280 --> 00:39:05,120 really interesting and I can't wait, of course, to see what 737 00:39:05,360 --> 00:39:07,760 they've got coming up next over there. 738 00:39:07,760 --> 00:39:11,960 But it's always, always good stuff, it seems happening on 739 00:39:12,360 --> 00:39:15,760 that front anyway. So I saw this, I saw that, you 740 00:39:15,760 --> 00:39:19,200 know, Blast, Slaughter, Luca, et cetera. 741 00:39:19,200 --> 00:39:22,200 I think, I think we've kind of gone over the pico stuff 742 00:39:22,880 --> 00:39:23,520 already.