1 00:00:04,120 --> 00:00:09,360 Good morning. Good morning, everyone, GMGM and 2 00:00:09,360 --> 00:00:14,080 welcome to another episode of FOMO Power Day. 3 00:00:14,840 --> 00:00:21,080 Today is Friday, June 20, 2025. Folks, coins, they're they're 4 00:00:21,080 --> 00:00:23,000 green this morning. We haven't seen that color in a 5 00:00:23,000 --> 00:00:26,640 little while. Crypto stocks are booming, too. 6 00:00:27,160 --> 00:00:29,800 Now we're wondering, are we going to get a little weekend 7 00:00:29,800 --> 00:00:31,680 pump here? Are we going to continue the 8 00:00:31,760 --> 00:00:34,400 endless summer chop? We're going to break it all down 9 00:00:34,440 --> 00:00:36,960 on today's show. No for Oak, he's out sick today, 10 00:00:37,160 --> 00:00:40,040 but Mando's in the house. And maybe another special guest 11 00:00:40,040 --> 00:00:42,400 joining us shortly. Mando GM, how you doing? 12 00:00:43,720 --> 00:00:45,560 I'm doing great, man. I'm doing great. 13 00:00:46,480 --> 00:00:48,800 Yeah, a little bit of a pump, not even a pump. 14 00:00:48,800 --> 00:00:50,880 It's like a 1% move and everyone's losing their mind. 15 00:00:50,880 --> 00:00:57,280 But it definitely doesn't feel that bad today and probably the 16 00:00:57,280 --> 00:01:00,000 first weekend in a couple of weekends right where it feels a 17 00:01:00,000 --> 00:01:02,080 little bit more chill going into the weekend. 18 00:01:04,080 --> 00:01:07,360 It does. I think we, we had, we got the 19 00:01:07,360 --> 00:01:09,680 comments from Trump, right. They may not make a decision for 20 00:01:09,680 --> 00:01:11,680 a couple weeks. Feels like this kind of push 21 00:01:11,680 --> 00:01:14,640 things off. So things are probably just 22 00:01:14,640 --> 00:01:18,240 going to continue as is. So we'll we'll see if that holds 23 00:01:18,240 --> 00:01:20,000 up. Perhaps there's always maybe 24 00:01:20,000 --> 00:01:23,760 just a way for him to take some of his cards off the table as 25 00:01:23,760 --> 00:01:25,960 well. So I've heard that theory. 26 00:01:26,280 --> 00:01:30,080 So we'll we'll certainly see. It is a nice morning for 27 00:01:30,080 --> 00:01:33,040 Indianapolis Patriots fans. Big win last night, Game 6. 28 00:01:33,920 --> 00:01:38,000 So we are going to game seven of the NBA Finals in Oklahoma City 29 00:01:38,000 --> 00:01:40,280 on Sunday night. So that is going to be a big 30 00:01:40,280 --> 00:01:42,480 one. It's been a fun series, I think 31 00:01:42,480 --> 00:01:46,800 for NBA fans, broadly huge for this Indianapolis, Oklahoma City 32 00:01:46,800 --> 00:01:48,640 as well. So that's going to be a big one. 33 00:01:49,280 --> 00:01:52,880 We will be watching that closely on Sunday night, folks. 34 00:01:52,880 --> 00:01:54,880 What are we talking about this morning? 35 00:01:54,880 --> 00:01:57,480 On today's show, we're going to start with Mando's market 36 00:01:57,480 --> 00:02:00,920 report. We got Bitcoin strong memes week 37 00:02:01,440 --> 00:02:02,880 got some news right before the show. 38 00:02:02,880 --> 00:02:06,320 It looks like the pump token was going to be next week and now 39 00:02:06,320 --> 00:02:09,639 it's been delayed to mid-july. So perhaps that's driving some 40 00:02:09,639 --> 00:02:12,160 of the weakness. We've got circle stock pumping 41 00:02:12,160 --> 00:02:14,520 more. This thing just does not stop. 42 00:02:14,920 --> 00:02:17,440 And are there some beta plays out there that we need to watch? 43 00:02:17,440 --> 00:02:21,440 Plasma announcing its main net launch for late summer. 44 00:02:21,600 --> 00:02:24,160 We've got the Trump family selling off a huge chunk of 45 00:02:24,160 --> 00:02:27,320 their world Liberty five thought that was somewhat notable. 46 00:02:27,680 --> 00:02:30,240 Tether responding to the password hack saying they might 47 00:02:30,240 --> 00:02:33,800 have a solution for all that. Jupiter abandoning their Dow 48 00:02:33,800 --> 00:02:39,920 model and wrecked selling out day one, 7-11 at the LA party. 49 00:02:39,920 --> 00:02:43,880 You absolutely love to see it. So shout out to OV and team. 50 00:02:43,880 --> 00:02:46,840 And also folks, it is far coin Friday. 51 00:02:47,200 --> 00:02:49,960 You know what that means coin race at the end of the show. 52 00:02:49,960 --> 00:02:54,560 You want to stay tuned and make sure you are eligible to get in 53 00:02:54,560 --> 00:02:58,240 the drawing for that game. 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Build your own layout with drag 65 00:03:31,320 --> 00:03:33,640 and drop. Drag and drop modules and trade 66 00:03:33,640 --> 00:03:36,120 seamlessly across desktop or mobile. 67 00:03:36,400 --> 00:03:41,120 Go to pro.kraken.com and trade without trade-offs. 68 00:03:41,360 --> 00:03:44,000 Also got a little news out of Kraken yesterday, they launched 69 00:03:44,000 --> 00:03:47,320 Bitcoin sticking with Babylon, offering 1% yield. 70 00:03:47,320 --> 00:03:50,040 So I thought that was interesting as well. 71 00:03:50,240 --> 00:03:52,400 Well, that's our intro, Mando, if you're ready. 72 00:03:52,400 --> 00:03:58,000 Let's just get into it. Yeah, who? 73 00:03:58,040 --> 00:04:00,600 Is the man Macro daddy of the land Mando? 74 00:04:04,160 --> 00:04:07,680 Can you dig it? GM everyone. 75 00:04:07,840 --> 00:04:12,280 So a little bit of a better day. We're back up to around 106 K on 76 00:04:12,280 --> 00:04:19,880 Bitcoin E at 2:00 550. Solana just shot 150, so about 1 77 00:04:19,880 --> 00:04:22,480 to 2%. It feels like a lot of old coins 78 00:04:22,480 --> 00:04:24,640 have been bleeding over the last few days. 79 00:04:24,720 --> 00:04:29,640 Most of them have bounced today. It's not like the the biggest 80 00:04:29,640 --> 00:04:32,120 bounce I've ever seen, but it's stopped the red. 81 00:04:32,440 --> 00:04:38,040 I would say interestingly, the one that has drifted lower has 82 00:04:38,040 --> 00:04:40,720 been hyper liquid. I don't think that that's why I 83 00:04:40,720 --> 00:04:43,320 think it's, you know, that was one that really led the market 84 00:04:43,320 --> 00:04:46,400 for a long, long time. And now it's pretty in like 4 85 00:04:46,400 --> 00:04:48,600 red days. And, and, and I wouldn't say 86 00:04:48,600 --> 00:04:50,600 that's precarious. I just think that it's a focus. 87 00:04:50,720 --> 00:04:52,160 It's just something to pay attention to. 88 00:04:52,520 --> 00:04:54,680 A lot of people were looking to buy dips and hybrid equid, 89 00:04:54,680 --> 00:04:57,760 right? I, I think the obvious levels of 90 00:04:58,120 --> 00:05:00,360 support there would be the previous all time high, which 91 00:05:00,840 --> 00:05:03,800 was around 30-4 ish. Am I right in saying Tyler? 92 00:05:05,960 --> 00:05:10,040 Yeah. So yeah, 35 so I think you're 93 00:05:10,040 --> 00:05:13,040 probably in a sort of level where you know, not a bad time 94 00:05:13,040 --> 00:05:16,760 if you missed hyper liquid to finally get in you that that 95 00:05:16,760 --> 00:05:18,920 line up was pretty difficult to buy. 96 00:05:19,800 --> 00:05:23,560 Now it feels like you've got a chance again, so worth paying 97 00:05:23,560 --> 00:05:28,000 attention to that one. But the rest of the L1's each 98 00:05:28,000 --> 00:05:30,440 continues to slightly outperform, I would say, 99 00:05:32,920 --> 00:05:36,680 although looks like we're going lower in the last few minutes 100 00:05:36,680 --> 00:05:38,520 across the board. Actually just looking at it now 101 00:05:39,720 --> 00:05:43,880 anyway, it does feel as though we've we're having a better day, 102 00:05:43,880 --> 00:05:47,920 not the best day, you know. And it was a bit of a short 103 00:05:47,920 --> 00:05:49,440 squeeze, I would say this morning. 104 00:05:49,920 --> 00:05:54,040 So we saw we saw a number of like the coins which are heavily 105 00:05:54,040 --> 00:05:58,880 shorted lead the rally. Things like say, for example, 106 00:05:59,800 --> 00:06:05,560 has had a decent move, decent movies like Bitcoin Cash coins, 107 00:06:06,240 --> 00:06:09,960 which we're not dead, but like they're just not coins that 108 00:06:09,960 --> 00:06:12,720 people necessarily are that bullish on. 109 00:06:13,280 --> 00:06:16,000 And those are like, so that's what it felt more like. 110 00:06:16,000 --> 00:06:20,880 It felt like just a wipe out of some of the positioning rather 111 00:06:20,880 --> 00:06:26,240 than like, Oh my God, it's such a great, great, a great 24 hours 112 00:06:26,240 --> 00:06:30,040 of news. What we did see in, in Iran 113 00:06:30,120 --> 00:06:35,560 versus the US, so or in Israel is that you've seen the foreign 114 00:06:35,560 --> 00:06:39,080 minister of Iran is going to be meeting the foreign minister of, 115 00:06:39,880 --> 00:06:45,800 of the three major European powers in the UK, Germany and 116 00:06:45,800 --> 00:06:49,760 France. And there is some form of a, a 117 00:06:50,280 --> 00:06:56,640 hope that that could lead to a, a path for future talks with the 118 00:06:56,840 --> 00:06:58,400 US. But who knows? 119 00:06:58,400 --> 00:07:01,200 It does feel as though that that still feels quite far off. 120 00:07:02,080 --> 00:07:06,760 And there were, again, there were some commit concessions 121 00:07:06,760 --> 00:07:10,120 there that, you know, that could lead, that could be around 122 00:07:10,120 --> 00:07:13,200 uranium enrichment, which has kind of been the crux of the 123 00:07:13,200 --> 00:07:16,080 issues so far. I still don't really know where 124 00:07:16,080 --> 00:07:17,400 it leads. It feels like they're both 125 00:07:17,840 --> 00:07:23,640 continuing to to bomb each other and Israel continues to attack 126 00:07:23,640 --> 00:07:26,800 nuclear sites. So this is going to have to be a 127 00:07:26,800 --> 00:07:32,120 pretty good deal, I think for for this to actually go through 128 00:07:32,440 --> 00:07:34,880 as in I think Iran would have to give up a lot of concessions 129 00:07:34,880 --> 00:07:36,440 given given the position they're in. 130 00:07:36,440 --> 00:07:42,360 But let's let's see, I think over the weekend we will we 131 00:07:42,360 --> 00:07:45,800 won't hear any sort of resolution other than that. 132 00:07:46,040 --> 00:07:49,000 Like I don't, I doubt there'll be strikes this weekend, but 133 00:07:49,000 --> 00:07:52,240 maybe there will be like as in I don't think they'll, they'd 134 00:07:52,240 --> 00:07:55,840 strike four down this weekend, but we'll see. 135 00:07:56,240 --> 00:08:00,800 I think we've got a very brief window here for potential 136 00:08:01,120 --> 00:08:05,840 diplomacy and over the next few days we'll we'll know the 137 00:08:05,840 --> 00:08:09,720 difference Poly market I was looking at this morning if 138 00:08:09,720 --> 00:08:16,520 anything significantly changes, but you have a 45% chance now of 139 00:08:16,520 --> 00:08:23,200 strikes before the end of July. So it does feel as though it's 140 00:08:23,200 --> 00:08:26,880 gone down since about 60% yesterday, but it's still 141 00:08:26,880 --> 00:08:30,800 relatively elevated. I wouldn't say it's, it's still 142 00:08:30,800 --> 00:08:33,760 kind of like a 5050 shot here. There's something's going to 143 00:08:33,760 --> 00:08:35,640 happen. So that headline yesterday was 144 00:08:35,640 --> 00:08:38,679 taken broadly, more positively. My view is what I put out 145 00:08:38,679 --> 00:08:43,200 yesterday, like it was really that it's like everyone is 146 00:08:44,159 --> 00:08:47,920 positioned, it feels like or, or more position now for that one 147 00:08:47,920 --> 00:08:49,960 headline. And now it feels like that 148 00:08:49,960 --> 00:08:55,480 headline could be no, it could, it could be a week or more away. 149 00:08:56,080 --> 00:08:59,320 And who even knows what the headline is at this stage. 150 00:08:59,320 --> 00:09:03,480 So maybe the diplomacy bit does work, maybe it doesn't. 151 00:09:04,960 --> 00:09:09,760 It's, I don't really know what I think US intervention would 152 00:09:09,760 --> 00:09:11,240 probably cause the market to sell off. 153 00:09:12,240 --> 00:09:14,720 If there's a strike in Khomeini. I don't know if that causes the 154 00:09:14,720 --> 00:09:17,200 market to sell off. Like it's just, it's just 155 00:09:17,200 --> 00:09:20,400 difficult to know. But how this one plays out from 156 00:09:20,400 --> 00:09:24,520 here, So I'm continuing to be thinking that the risk reward 157 00:09:24,520 --> 00:09:29,120 is, is higher. I, I still like eats, as I've 158 00:09:29,120 --> 00:09:32,200 been saying the whole time, it's kind of hang out in this range 159 00:09:32,880 --> 00:09:36,320 pretty much hasn't really gone lower than than previous lows. 160 00:09:36,320 --> 00:09:38,680 And I think that's the one that I'd I'd buy on any dips. 161 00:09:38,680 --> 00:09:42,360 The ETF inflows continue to be very, very strong, just kind of 162 00:09:42,360 --> 00:09:43,480 continue. I don't think we've had a 163 00:09:43,480 --> 00:09:46,120 negative day for many, many weeks now. 164 00:09:46,120 --> 00:09:49,760 So I think it's setting itself up for the staking ETFs and and 165 00:09:49,760 --> 00:09:52,320 a couple of other positive headlines later this month. 166 00:09:52,320 --> 00:09:55,600 So that's been the main, the main driver. 167 00:09:55,600 --> 00:09:57,880 And then Bitcoin just looks like it's similarly just like not 168 00:09:57,880 --> 00:10:01,120 really moving, just kind of stuck in that in that sort of 169 00:10:01,120 --> 00:10:02,920 range. It's the one that's the ones 170 00:10:02,920 --> 00:10:09,000 that seem weak right now are are hype and I guess Suey, maybe 171 00:10:09,000 --> 00:10:13,960 Suey looks a little bit weak as a coin soul Soul has been weak, 172 00:10:14,280 --> 00:10:17,440 but it's kind of calm down a bit. 173 00:10:17,440 --> 00:10:22,720 I would say just kind of hung out at this level for for for a 174 00:10:23,080 --> 00:10:25,400 bit now. So it doesn't feel like that's 175 00:10:25,400 --> 00:10:28,800 necessarily the one that's hitting lower lows here, whereas 176 00:10:28,800 --> 00:10:31,640 some of the other some of the other L ones are. 177 00:10:31,640 --> 00:10:34,000 So pay attention to some of the other L ones. 178 00:10:34,600 --> 00:10:38,040 I I do think they look a little bit a little bit precarious. 179 00:10:39,160 --> 00:10:41,120 Away from that. The main story is circle. 180 00:10:41,200 --> 00:10:43,800 Obviously now a lot of the focus is on these public listed 181 00:10:44,200 --> 00:10:46,880 companies. As it was going live, it looked 182 00:10:46,880 --> 00:10:50,120 like, sorry, a few hours before mark the market opened, it 183 00:10:50,120 --> 00:10:53,160 looked like it was up another 20% then it was only up another 184 00:10:53,160 --> 00:10:57,080 5% before the market opened. I don't know where it is now. 185 00:10:57,320 --> 00:10:59,120 It's still going to be a volatile one. 186 00:10:59,760 --> 00:11:02,360 It's lower now. No, it's higher. 187 00:11:03,000 --> 00:11:06,000 It's higher, so it's up 14%, but this, this one is going to be 188 00:11:06,000 --> 00:11:10,080 moving around a lot. Obviously the genius act is the 189 00:11:10,080 --> 00:11:12,920 main driver it seems like. And also the fact that people 190 00:11:12,920 --> 00:11:17,480 are short very clearly, I wouldn't want to get in the in 191 00:11:17,480 --> 00:11:20,560 the way of crypto people trying to drive up the short interest 192 00:11:20,560 --> 00:11:21,960 in the stock. It's weird. 193 00:11:21,960 --> 00:11:25,920 They become this like almost not a meme stock, but I think they 194 00:11:25,920 --> 00:11:28,280 like that people are short it and they don't care. 195 00:11:28,280 --> 00:11:31,640 So let's let's see this where this one ends. 196 00:11:31,840 --> 00:11:37,280 I know Jeeps who might be coming on has been has been short that 197 00:11:37,280 --> 00:11:39,800 one. I think this is the dangerous 198 00:11:39,800 --> 00:11:41,440 trade. It's a dangerous trade to be 199 00:11:41,440 --> 00:11:45,160 short anything which crypto people decide to get behind. 200 00:11:46,440 --> 00:11:49,640 We saw some bigger headlines around stable coins again 201 00:11:49,640 --> 00:11:54,200 revolutes considering doing a stable coin and Visa. 202 00:11:54,200 --> 00:11:58,280 I think it was expanding their stable coin offerings and it 203 00:11:58,280 --> 00:12:00,880 generally feels like stable coins and treasury companies are 204 00:12:00,880 --> 00:12:03,680 the big thing. The other one was that Trump has 205 00:12:03,680 --> 00:12:07,960 reduced its, the Trump family at least has reduced its world 206 00:12:07,960 --> 00:12:11,880 liberty financial stake to 40%, which is kind of a masterful 207 00:12:11,880 --> 00:12:13,360 stroke, I think by them. But they've, yeah, they've 208 00:12:13,360 --> 00:12:19,760 managed to get out of that. And yeah, I guess that's it. 209 00:12:20,560 --> 00:12:24,640 Not, not, not a lot else. This is it's just Iran and the 210 00:12:24,640 --> 00:12:26,960 same sort of stuff that we've been seeing within crypto. 211 00:12:26,960 --> 00:12:29,000 It feels pretty quiet. We just had a bit of a short 212 00:12:29,000 --> 00:12:31,960 squeeze. Everyone was saying that this 213 00:12:31,960 --> 00:12:35,360 morning in Europe when when Bitcoin went up 106 K, this 214 00:12:35,360 --> 00:12:37,400 classic short squeeze rather than anything actually happened. 215 00:12:37,400 --> 00:12:40,400 There was no headline and that's kind of what I agreed to. 216 00:12:40,680 --> 00:12:44,160 Just feels like people with no headlines coming out that that 217 00:12:44,160 --> 00:12:47,120 know like, Oh my God, the world's going to head into World 218 00:12:47,120 --> 00:12:49,240 War three. You can quite easily squeeze 219 00:12:49,240 --> 00:12:50,960 some of these shorts. So that's. 220 00:12:51,920 --> 00:12:54,880 What I think, yeah, I mean is your read maybe this is a 221 00:12:54,880 --> 00:12:57,000 leading question. Are we just going to chop in 222 00:12:57,000 --> 00:13:01,640 this zone until there's some some level of resolution between 223 00:13:01,640 --> 00:13:05,160 Israel and Iran? Like do you see us really moving 224 00:13:05,160 --> 00:13:08,200 significantly, like breaking the 100110K range? 225 00:13:10,240 --> 00:13:14,080 No, no, no, definitely not. I don't think we're going higher 226 00:13:14,080 --> 00:13:18,080 than 110K before before this gets resolved for sure. 227 00:13:18,840 --> 00:13:21,800 And it's difficult to work out now what the resolution will be. 228 00:13:22,320 --> 00:13:23,680 Let's go through the possible options. 229 00:13:23,680 --> 00:13:29,800 So the possible options is a some form of diplomatic solution 230 00:13:30,440 --> 00:13:35,440 of which I could only imagine given the position of both Trump 231 00:13:35,720 --> 00:13:37,560 and the Israelis. It would have to mean like 232 00:13:37,960 --> 00:13:40,840 complete destruction of the enriched uranium that's been 233 00:13:40,840 --> 00:13:46,680 created and pretty odd concessions on future 234 00:13:46,680 --> 00:13:48,440 development of nuclear technology. 235 00:13:49,760 --> 00:13:51,840 That feels to me like a deal that could take a while to get 236 00:13:51,840 --> 00:13:54,600 done. I don't know, but it feels to me 237 00:13:54,600 --> 00:13:58,120 like it could. The other one is US 238 00:13:58,120 --> 00:14:02,440 intervention, which I think would be pretty swift, but would 239 00:14:02,440 --> 00:14:06,240 probably lead to a pretty negative reaction in markets I 240 00:14:06,240 --> 00:14:09,920 reckon just because of the immediate blowback that would be 241 00:14:09,920 --> 00:14:12,640 considered. I think if US were to intervene, 242 00:14:12,640 --> 00:14:16,960 it would probably be in and out, facilities taken out. 243 00:14:17,320 --> 00:14:20,320 Now we stop all aggression basically. 244 00:14:21,160 --> 00:14:24,640 And then the third one is nothing really happens, but the 245 00:14:24,640 --> 00:14:29,240 Israelis then go for for both the sites and Khamenei. 246 00:14:29,280 --> 00:14:36,000 And that feels like a more drawn out process as well, in my 247 00:14:36,000 --> 00:14:38,320 opinion. And, and and that could take 248 00:14:38,680 --> 00:14:43,720 many weeks. So of all of those, it feels 249 00:14:43,720 --> 00:14:45,880 like we could be in the shop for a while here. 250 00:14:47,480 --> 00:14:51,680 I would not buy, although I don't think should being short 251 00:14:51,680 --> 00:14:57,360 necessarily is the right trade. I don't know when it it it turns 252 00:14:57,560 --> 00:15:01,080 basically. Yeah, I think I'm with you. 253 00:15:01,080 --> 00:15:03,640 I I've changed my posture. I thought at first it was going 254 00:15:03,640 --> 00:15:06,960 to be a quick, a quick resolution. 255 00:15:07,000 --> 00:15:08,400 And it doesn't really seem that way. 256 00:15:08,520 --> 00:15:11,320 I feel like if the US had not perhaps telegraphed its move and 257 00:15:11,320 --> 00:15:15,280 it moved in swifter, I think maybe it could have ended 258 00:15:15,280 --> 00:15:18,200 sooner. But now there's been more time. 259 00:15:18,200 --> 00:15:20,480 There's been more time for like Russia and China to come out and 260 00:15:20,480 --> 00:15:24,120 make statements against it, right? 261 00:15:24,120 --> 00:15:26,920 So now there's it feels like there's more implications if the 262 00:15:27,080 --> 00:15:31,440 US is to make a move then perhaps it felt three days ago, 263 00:15:32,920 --> 00:15:35,400 which I think is what's weighing on, which is why these odds are 264 00:15:35,400 --> 00:15:39,280 done, just to put it bluntly. Yeah, for sure. 265 00:15:39,280 --> 00:15:43,240 So at the same time, I think the odds, what I would say is that 266 00:15:43,240 --> 00:15:46,160 Trump is can be pretty unpredictable. 267 00:15:47,040 --> 00:15:51,960 So what we think might be happening, he's not your classic 268 00:15:51,960 --> 00:15:55,000 politician. Yes, it's doing it with many 269 00:15:55,000 --> 00:15:56,840 partitions. You can see where you can see 270 00:15:56,840 --> 00:16:01,000 where the train is headed for many weeks before we get to the 271 00:16:01,000 --> 00:16:03,120 station. This is the sort of situation 272 00:16:03,120 --> 00:16:07,080 where he may have already decided to do that, to do the 273 00:16:07,080 --> 00:16:12,120 strike and and we're now like, it's more like a lull just to 274 00:16:12,120 --> 00:16:15,960 build consensus around it. So I just don't know with him. 275 00:16:16,120 --> 00:16:18,680 And I think that's kind of his political policy as well. 276 00:16:18,680 --> 00:16:22,120 So we could see something over the weekend, who knows, like 277 00:16:22,120 --> 00:16:26,120 genuinely who knows. But for now, I think the status 278 00:16:26,120 --> 00:16:33,040 quo is this is going to be left for kind of is run around to 279 00:16:33,040 --> 00:16:36,480 fight out themselves or the US support will be obviously for 280 00:16:36,480 --> 00:16:42,040 Israel and and there's a window here for diplomatic, A 281 00:16:42,040 --> 00:16:44,960 diplomatic solution, but that could change at the drop of a 282 00:16:44,960 --> 00:16:47,200 hat. Yeah, I think that's my base 283 00:16:47,200 --> 00:16:48,800 case. I do feel like the quickest 284 00:16:48,800 --> 00:16:53,880 resolution is likely the diplomacy route, but it's 285 00:16:53,880 --> 00:16:57,800 unclear to me exactly what that looks like and what the outcome 286 00:16:57,800 --> 00:17:02,760 is. And if we get a deal, is it just 287 00:17:02,760 --> 00:17:04,920 going to be one of those things that just kicks this can down 288 00:17:04,920 --> 00:17:08,560 the road another six months, 12 months, two years, so that we're 289 00:17:08,640 --> 00:17:13,440 we're still kind of worried about this escalating again in 290 00:17:13,440 --> 00:17:15,760 the future. So I think that's, that's where 291 00:17:15,760 --> 00:17:20,040 my concern level is pulling it back to the crypto trade here a 292 00:17:20,040 --> 00:17:21,280 bit. I think what jumps out to me 293 00:17:21,280 --> 00:17:24,560 looking at the Bitcoin and E charts is like there, there are 294 00:17:24,560 --> 00:17:26,240 pretty clear levels of support, right? 295 00:17:26,240 --> 00:17:31,880 So like Bitcoin really hasn't dropped below this 104-1036 296 00:17:31,880 --> 00:17:36,000 level in the last month. And similarly to ETH, I don't 297 00:17:36,000 --> 00:17:39,320 spend as much time on the ETH chart, but it's got a pretty 298 00:17:39,320 --> 00:17:43,240 strong floor basically at what 2470? 299 00:17:44,800 --> 00:17:47,960 So there there's beds coming in. We're keeping it here. 300 00:17:47,960 --> 00:17:53,360 It does make me feel good that when we do get resolution I 301 00:17:53,360 --> 00:17:56,600 think the the resolution path is is up. 302 00:17:58,280 --> 00:18:01,960 Yeah, particularly for Bitcoin and Bitcoin and ether have held 303 00:18:01,960 --> 00:18:04,200 a pretty decent floor throughout all of this. 304 00:18:05,400 --> 00:18:10,520 I would be, which has been a very good sign, I think, I think 305 00:18:10,520 --> 00:18:16,880 for a lot of the other things that hasn't happened and and 306 00:18:16,880 --> 00:18:20,080 that's why Bitcoin dollars is is looking higher and a lot of old 307 00:18:20,080 --> 00:18:23,240 coins have been smashed. So but I, I, I wouldn't get 308 00:18:23,240 --> 00:18:26,320 ahead of like freaking out over something like this at this 309 00:18:26,320 --> 00:18:29,960 stage at least looking at crypto charts, they look pretty well 310 00:18:29,960 --> 00:18:33,800 supported at the moment. Well, I want to talk about maybe 311 00:18:33,920 --> 00:18:37,160 like this Solana and the meme trade here a bit. 312 00:18:37,160 --> 00:18:42,200 So if our coins actively dipping down 28% of the month, it's down 313 00:18:42,200 --> 00:18:45,400 96. Wow, OK, I didn't see it move 314 00:18:45,560 --> 00:18:49,080 again lower today. So, and this chart looks 315 00:18:49,080 --> 00:18:53,240 significantly different than that the Bitcoin E charts that 316 00:18:53,240 --> 00:18:56,560 we were just showing on the month, it looks more like the 317 00:18:56,560 --> 00:19:02,760 salon chart. And I'm wondering, yeah, it 318 00:19:02,760 --> 00:19:04,640 looks it looks a lot more like that salon chart. 319 00:19:05,480 --> 00:19:08,160 Is it tied to this pump? Fun news so. 320 00:19:08,800 --> 00:19:10,480 That's the first thing I thought straight away. 321 00:19:12,320 --> 00:19:13,720 We. Just found out I didn't realize 322 00:19:13,720 --> 00:19:16,320 that the token was supposed to be next Wednesday. 323 00:19:18,520 --> 00:19:21,240 That's what Wu blocked me saying pump fund token was supposed to 324 00:19:21,240 --> 00:19:25,120 be June 25th and now it's delayed till mid-july but. 325 00:19:27,040 --> 00:19:29,400 There's enough VCs involved in this, so I think they've 326 00:19:29,400 --> 00:19:33,080 probably got pretty good dates. Like, I think it probably was 327 00:19:33,080 --> 00:19:36,080 meant to come next week and now it's meant to come in July. 328 00:19:36,240 --> 00:19:40,440 That that feels like a complete dump from another VC that has 329 00:19:40,440 --> 00:19:42,640 just sent it to them and they're like, hey, this is the news. 330 00:19:42,880 --> 00:19:47,560 So. Yeah, and it feels like people 331 00:19:47,560 --> 00:19:49,880 are just waiting. Looks like the the sole meme 332 00:19:49,880 --> 00:19:51,440 trenches have been pretty brutal. 333 00:19:51,520 --> 00:19:54,320 And we, we had one runner in the past couple days that this Gore 334 00:19:54,320 --> 00:19:58,560 Gorba Gorbachana and, and we'll get in that perhaps in a second, 335 00:19:59,160 --> 00:20:03,400 but pretty much everything else. It's just been selling off 336 00:20:03,680 --> 00:20:08,000 basically every day with no real new movement at all. 337 00:20:08,000 --> 00:20:11,520 And there's always a handful but but nothing significant. 338 00:20:11,880 --> 00:20:14,720 And now it makes me wonder, are we just going to is this just 339 00:20:14,720 --> 00:20:17,920 going to continue till after this pump token in mid-july? 340 00:20:18,760 --> 00:20:21,040 So the the meme traders are in for another few weeks at all 341 00:20:21,040 --> 00:20:24,720 here. I think that's my my best case. 342 00:20:25,680 --> 00:20:29,800 Even if it's not the driver is the driver of the narrative. 343 00:20:30,000 --> 00:20:31,800 So like, do you really want to buy? 344 00:20:32,440 --> 00:20:36,200 Even if I just feel like it's it's self fulfilling to a 345 00:20:36,200 --> 00:20:37,880 certain extent at this stage, right? 346 00:20:38,600 --> 00:20:42,000 I don't think that the the trenches are necessarily the 347 00:20:42,000 --> 00:20:44,280 people who are going to cough up the money here for the Pomfanto 348 00:20:44,440 --> 00:20:48,080 does feel very BC backed or than trench backed. 349 00:20:48,720 --> 00:20:51,400 But the narrative is there because as soon as the headline 350 00:20:51,400 --> 00:20:52,880 came out, all the talk points dumped. 351 00:20:52,880 --> 00:20:55,320 So like now it's like, well, this is the reason driving them 352 00:20:55,320 --> 00:21:00,400 lower. Yeah, it's probably. 353 00:21:01,400 --> 00:21:05,160 A really good long coming up for Farpoint and a couple of these 354 00:21:05,160 --> 00:21:07,800 Solana meme coins. Probably a really good long 355 00:21:07,800 --> 00:21:13,880 coming up. I agree, when is that going to 356 00:21:13,880 --> 00:21:15,640 happen? It might not be till mid-july 357 00:21:15,640 --> 00:21:18,000 now so we'll see. But also so that's the meme 358 00:21:18,000 --> 00:21:20,600 narrative. It could very well be narrative 359 00:21:20,600 --> 00:21:25,840 following price action right? But I mean, hype is similar to a 360 00:21:25,840 --> 00:21:30,800 degree, like I mean, it is lagging Bitcoin E fairly 361 00:21:30,800 --> 00:21:34,720 substantially. I mean, not not massively, but 362 00:21:36,240 --> 00:21:39,000 let's take a look at the month chart on hype. 363 00:21:40,680 --> 00:21:46,000 I mean, I, I told you I sold my hype at at 39 or 38 where it was 364 00:21:46,000 --> 00:21:49,480 when I missed the last move up to 44 because I felt like it was 365 00:21:49,480 --> 00:21:51,360 getting listed. And part of the things I really 366 00:21:51,360 --> 00:21:54,800 liked about hype was that it was like difficult to own and all 367 00:21:54,800 --> 00:21:56,360 this sort of stuff. And then now it's been listed to 368 00:21:56,360 --> 00:21:59,920 all all these exchanges. But part of me thinks that like 369 00:21:59,960 --> 00:22:02,640 if I was a conspiracy theorist, I think finance listed this 370 00:22:02,640 --> 00:22:07,480 thing for perps as did as did Coinbase. 371 00:22:07,480 --> 00:22:09,800 Like maybe they're like, well, let's just fuck with these guys, 372 00:22:10,480 --> 00:22:17,360 you know? I mean that that not even that 373 00:22:17,360 --> 00:22:23,000 tinfoil a hat of a reason to consider, right, like, hey, 374 00:22:23,000 --> 00:22:26,720 we're going to get this thing listed and and there's a lot of 375 00:22:26,720 --> 00:22:29,640 levered lungs on hype, right, But they're generally on hyper 376 00:22:29,640 --> 00:22:30,960 liquid. I think they were being held 377 00:22:30,960 --> 00:22:34,320 before, right? And now suddenly the major 378 00:22:34,320 --> 00:22:39,040 exchanges this type and it drops and it it just looks a little 379 00:22:39,040 --> 00:22:42,200 bit shaky. So I don't think, I don't think 380 00:22:42,400 --> 00:22:45,480 it's that crazy to think that that could be part of it. 381 00:22:45,480 --> 00:22:50,080 But I also think it's been a crazy run up and there's a few 382 00:22:50,080 --> 00:22:51,120 things that have happened, right? 383 00:22:51,120 --> 00:22:54,280 A lot of rumours, there's rumours that many of the 384 00:22:54,280 --> 00:22:56,560 centralized exchanges are essentially trying to build 385 00:22:56,560 --> 00:23:01,960 competitors now to it. You've had Coinbase get a 386 00:23:02,160 --> 00:23:07,320 listing and it's just not that lower market cap anymore. 387 00:23:07,400 --> 00:23:11,640 Like it's a, it's not a massive current market cap, but if you 388 00:23:11,800 --> 00:23:17,280 actually look at the tokenomics of hype, everyone starts getting 389 00:23:17,280 --> 00:23:21,400 unlocked, including the core contributors, IE the guys have 390 00:23:21,400 --> 00:23:25,160 been chilling it since the start in the autumn, I think it's 391 00:23:25,160 --> 00:23:29,440 September. So like this whole like, well, 392 00:23:29,440 --> 00:23:33,440 focus on 12 billion. Well, you can, but then, but 393 00:23:33,440 --> 00:23:38,680 then there is, there is also at the same time 36 billion and or 394 00:23:38,680 --> 00:23:42,000 at that time 44 billion. And it really depends what they 395 00:23:42,000 --> 00:23:44,000 decide to do with the, the unlock type. 396 00:23:44,000 --> 00:23:48,160 So that's my $0.02. Yeah, I think that's something 397 00:23:48,160 --> 00:23:50,240 to be aware of. I feel like on the days that it 398 00:23:50,240 --> 00:23:53,080 pumps, everyone just constantly talks about the the revenue that 399 00:23:53,080 --> 00:23:57,800 it brings in and these buybacks, it's down the last four days. 400 00:23:57,800 --> 00:24:00,920 It's not like revenues down, revenues in line. 401 00:24:00,920 --> 00:24:03,560 I mean, it's, it looks like it's broadly trending up. 402 00:24:04,800 --> 00:24:07,200 So it does like perhaps some some other games are being 403 00:24:07,200 --> 00:24:09,280 played. It's just interesting to me like 404 00:24:09,280 --> 00:24:12,160 that that narrative isn't touted on the timeline on days when 405 00:24:12,160 --> 00:24:17,960 it's red versus days when it's green, That's just RCT. 406 00:24:19,360 --> 00:24:23,080 We spoke about this like if you're in consensus trades, even 407 00:24:23,080 --> 00:24:26,800 consensus good trades, you have to appreciate that sometimes 408 00:24:26,800 --> 00:24:30,440 they just they can be technically terrible and then 409 00:24:31,160 --> 00:24:33,920 when the market turns, they can absolutely roof, right? 410 00:24:34,800 --> 00:24:37,680 Like we spoke about what, what were the most consensus trades 411 00:24:37,680 --> 00:24:41,360 on the timeline and hype and Farcorn came up as both of 412 00:24:41,360 --> 00:24:43,920 those. And I think most people are 413 00:24:44,000 --> 00:24:48,120 bullish on both of those coins. But you have to appreciate that 414 00:24:48,240 --> 00:24:50,920 sometimes like this can happen and it can go down to 30. 415 00:24:51,280 --> 00:24:55,040 And no, like it's, it's just purely a, it's a consensus 416 00:24:55,040 --> 00:24:56,680 trade. So just like know that those 417 00:24:56,680 --> 00:25:03,120 sort of periods can happen. Might I might swoop on at 30. 418 00:25:03,240 --> 00:25:06,640 If it gets to 30 I might get back into the game. 419 00:25:07,480 --> 00:25:11,640 Yeah, I think at 30 you'll see people being like you idiots 420 00:25:11,640 --> 00:25:14,280 bought high, bam, that's when you buy. 421 00:25:14,520 --> 00:25:19,600 You know, I made that mistake once before when it you know 422 00:25:19,760 --> 00:25:22,880 what we thought Binance was were moments away from taking down an 423 00:25:22,880 --> 00:25:24,600 exchange. I continue to think that any 424 00:25:24,600 --> 00:25:29,640 scenario in the past I would have, I would have been like, 425 00:25:29,640 --> 00:25:31,560 this is a really dangerous scenario because they were 426 00:25:31,600 --> 00:25:37,520 inches from a very, very worrying situation. 427 00:25:38,480 --> 00:25:43,120 But if it's just generic FUD, which you see on fart coin as 428 00:25:43,120 --> 00:25:46,400 well, you know, yeah, we need to. 429 00:25:47,320 --> 00:25:49,080 Yeah, there's nothing really driving, nothing's really 430 00:25:49,080 --> 00:25:51,720 changed. And in fact, the IT looks 431 00:25:51,720 --> 00:25:54,920 strong, perhaps as strong as it ever has. 432 00:25:55,280 --> 00:25:58,480 So we'll continue to track that and hope Jeeves was going to 433 00:25:58,480 --> 00:25:59,560 join us. He he might not. 434 00:25:59,560 --> 00:26:01,640 So I think we got to dig into this circle train a bit. 435 00:26:01,640 --> 00:26:05,360 So just to refresh, this thing's hanging out at 2:28. 436 00:26:06,040 --> 00:26:12,160 It's up another 15% on the day. That puts it at $53 billion 437 00:26:12,160 --> 00:26:15,480 market cap. Now let's see what's the five 438 00:26:15,480 --> 00:26:19,720 day look like. This thing was at 105 last week. 439 00:26:21,200 --> 00:26:23,480 This was up over 100% on the week. 440 00:26:25,440 --> 00:26:28,000 If you look at just a couple comparisons out there. 441 00:26:28,000 --> 00:26:32,600 So the the market cap FTV of USDC, their stable coins at 61 442 00:26:32,600 --> 00:26:35,760 billion. Circle stock is at 53. 443 00:26:35,760 --> 00:26:38,800 Who just said that Coinbase stock 77 billion. 444 00:26:39,560 --> 00:26:44,680 It does seem like coin has been perhaps pumping aligned somewhat 445 00:26:44,680 --> 00:26:48,240 along with Circle. That's my RE. 446 00:26:48,240 --> 00:26:51,520 Perhaps it's also a beneficiary of the genius Act passing. 447 00:26:52,360 --> 00:26:55,240 But it does feel somewhat notable to me how much Coinbase 448 00:26:55,240 --> 00:26:58,440 has outperformed crypto majors because a lot of times they'll 449 00:26:58,440 --> 00:27:01,480 trade somewhat in line and that's not what's happening here 450 00:27:01,480 --> 00:27:03,880 for for Coinbase stock. I also thought it was somewhat 451 00:27:03,880 --> 00:27:09,200 notable tweet this morning that Visa stock is down about 10% 452 00:27:09,200 --> 00:27:13,440 from its local high in the last 8 to 10 days, which is about 60 453 00:27:13,440 --> 00:27:17,240 billion, which is effectively the market cap of circle. 454 00:27:17,240 --> 00:27:25,360 So Visa lost a circle in market cap, perhaps showing how the 455 00:27:25,360 --> 00:27:28,160 winds winds might be be changing. 456 00:27:29,080 --> 00:27:33,640 I've been publicly bearish on this stock since it IPO. 457 00:27:33,640 --> 00:27:35,840 I I thought it was overvalued at 7 billion. 458 00:27:36,000 --> 00:27:38,440 Now it's 7 1/2 times higher than that. 459 00:27:39,520 --> 00:27:41,240 I think I was just thinking about it wrong. 460 00:27:41,800 --> 00:27:44,920 So this tweet from Darren, who I, who I respect a lot, I think 461 00:27:44,920 --> 00:27:48,640 he's a very sharp trader, kind of opened my eyes and I've heard 462 00:27:48,640 --> 00:27:50,680 a few people talking about this. I haven't seen it super 463 00:27:50,680 --> 00:27:53,680 publicly, but he he's basically saying stop thinking about it 464 00:27:53,680 --> 00:27:58,400 from price to earnings, start thinking about what it can 465 00:27:58,400 --> 00:28:04,240 become, the market share, net asset value of how big this can 466 00:28:04,240 --> 00:28:06,400 be. And is there a way for them to 467 00:28:06,400 --> 00:28:11,240 pursue some kind of a, a treasury company for stablecoin 468 00:28:11,240 --> 00:28:15,920 model here? It feels to me like this thesis 469 00:28:15,920 --> 00:28:19,000 is what's driving this, unless it's just a pure meme stocks 470 00:28:19,120 --> 00:28:21,560 short squeeze, right? Like the the people who are 471 00:28:21,560 --> 00:28:25,440 bulls at $228.00 and they're buying this stock today. 472 00:28:25,440 --> 00:28:28,200 Like this has to be their bull case, right? 473 00:28:28,240 --> 00:28:32,200 Like how else can you justify buying in here? 474 00:28:32,320 --> 00:28:35,920 But at the same time, if that is your bull case, I see it, I see 475 00:28:35,920 --> 00:28:44,240 the potential and the upside is big when you've got best coming 476 00:28:44,240 --> 00:28:47,280 out and calling for stable coins to 3.7 trillion USDC, clearly a 477 00:28:47,280 --> 00:28:49,400 leader. There's a lot of competition 478 00:28:49,960 --> 00:28:54,200 coming, but they are ahead of the competition so. 479 00:28:55,640 --> 00:28:59,960 I think I had is just a is is a temporary is a temporary word. 480 00:29:00,880 --> 00:29:02,280 I I don't know how to put it into. 481 00:29:02,840 --> 00:29:06,080 I mean, and, and not to like completely say that this is 482 00:29:06,080 --> 00:29:09,760 wrong, but my view is that people are buying circle right 483 00:29:09,760 --> 00:29:13,680 now because it's going high. They wake up each day and it's 484 00:29:13,680 --> 00:29:15,440 up 10% and they're like, I need to buy it. 485 00:29:15,440 --> 00:29:17,040 I need to buy it and it's got that. 486 00:29:17,640 --> 00:29:20,480 It is got a pump fun chart for this is this is what's going to 487 00:29:20,480 --> 00:29:24,240 happen if crypt all the people that have been degenning on on 488 00:29:25,120 --> 00:29:28,320 altcoins and meme coins for the last two years have been told 489 00:29:28,320 --> 00:29:31,040 now we got to get into stocks. And so you're going to get a lot 490 00:29:31,040 --> 00:29:32,560 of this, I think with crypto stocks. 491 00:29:33,080 --> 00:29:36,720 This is the narrative, but it's, it could also have been true of 492 00:29:36,720 --> 00:29:41,440 the narrative like at 1/4 of the price in my opinion. 493 00:29:41,800 --> 00:29:49,200 So and just to put the scale like JP, JP Morgan AUM as a 494 00:29:49,200 --> 00:29:54,800 bank, JP Morgan has $3.7 trillion of assets, right? 495 00:29:55,120 --> 00:29:58,280 I don't know how much of that is in cash, but I'm sure it has a 496 00:29:58,960 --> 00:30:02,480 hundreds of billions of dollars of cash. 497 00:30:03,160 --> 00:30:11,520 They could eclipse circles AUM of a stable coin in a day in a 498 00:30:11,520 --> 00:30:16,880 day like circle is not it is a big stable coin, but it's it's 499 00:30:17,840 --> 00:30:20,920 with if if some all these financial institutions decide to 500 00:30:21,440 --> 00:30:24,640 create a stable coin like they can really get it going. 501 00:30:27,120 --> 00:30:31,960 So I think this is a, this is, they appeared at the right time 502 00:30:32,280 --> 00:30:35,080 before the major competition comes in and now you're going to 503 00:30:35,080 --> 00:30:40,880 see major competition. And I think, I think people 504 00:30:40,880 --> 00:30:42,680 aren't buying based on valuation. 505 00:30:42,680 --> 00:30:44,760 I think they're buying because they're crypto guys. 506 00:30:44,840 --> 00:30:47,000 They're crypto people who've come in and gone like, yeah, 507 00:30:47,000 --> 00:30:49,880 this, this is the stock. So I, I would be on Jeeves side 508 00:30:49,920 --> 00:30:53,960 side here. Not that it can't go higher, but 509 00:30:53,960 --> 00:30:55,960 I wouldn't be convincing myself there's a fundamental story 510 00:30:55,960 --> 00:30:59,200 about why they should go to like 1000 or something like that or 511 00:30:59,240 --> 00:31:03,720 or even Goasis there. Yeah, I don't think there's a 512 00:31:03,720 --> 00:31:06,880 fundamental story, but there is a opium. 513 00:31:07,520 --> 00:31:10,000 There's a hoax. There is a path forward. 514 00:31:10,000 --> 00:31:12,960 There's a memetic path forward. I'm not clicking the buttons to 515 00:31:12,960 --> 00:31:18,200 go short. That is, that is a fact. 516 00:31:18,200 --> 00:31:20,960 I think the other interesting take I saw on this was out of 517 00:31:20,960 --> 00:31:26,400 Tom Lee, who basically points to Ethereum as the big winner. 518 00:31:26,920 --> 00:31:28,680 And this is this is somewhat popular. 519 00:31:28,680 --> 00:31:34,280 I've seen other people saying this, yeah, effectively as 520 00:31:34,280 --> 00:31:36,360 stable coins rise. And this is actually bigger than 521 00:31:36,360 --> 00:31:39,960 Circle because even Circle competitors here, if they're on 522 00:31:39,960 --> 00:31:45,520 Ethereum, this would drive up ETH network fees, exponential 523 00:31:45,520 --> 00:31:49,120 growth, exponential growth in the Ethereum network usage, 524 00:31:49,120 --> 00:31:50,880 saying it's a direct beneficiary. 525 00:31:51,560 --> 00:31:54,040 So would so would Solana, though, you you could just say 526 00:31:54,040 --> 00:31:58,680 this is this benefits the major L once I think actually there's 527 00:31:58,680 --> 00:32:02,760 more stable coin volume potentially on salon. 528 00:32:02,760 --> 00:32:03,720 I don't know if that's still the case. 529 00:32:03,720 --> 00:32:05,280 It definitely was a couple months ago. 530 00:32:06,120 --> 00:32:07,760 Yeah, could make the same argument with Salatron. 531 00:32:07,760 --> 00:32:11,520 I mean, I mean, maybe not Tron because Tron is mainly USDT, 532 00:32:11,560 --> 00:32:16,080 it's Tether. But but for for circle, this is 533 00:32:16,280 --> 00:32:19,320 more of a trade around that. And maybe that is why we're 534 00:32:19,320 --> 00:32:23,280 seeing a drive into E. You know, I'm very bullish on 535 00:32:23,280 --> 00:32:26,480 each genuinely. Like I do think that the normies 536 00:32:26,480 --> 00:32:29,640 can get behind this trade way more than they have in the past 537 00:32:30,400 --> 00:32:36,240 and I think it will go to 4K by the end of the summer. 538 00:32:37,280 --> 00:32:43,000 So I've got, I've got an eighth beta trade for you and guess 539 00:32:43,000 --> 00:32:47,360 what, it's a stock. Oh boy, it's. 540 00:32:47,440 --> 00:32:53,200 A stock that's 70, that's 80% off all time high, so sharp 541 00:32:53,200 --> 00:32:55,440 point. That's a good trade, probably a 542 00:32:55,440 --> 00:33:01,600 good trade here, a lot of fun. But I would say though that 543 00:33:02,560 --> 00:33:06,640 there are sellers of that stock, you know, like it's it doesn't 544 00:33:06,640 --> 00:33:09,800 feel as closely held as some of these other ones that we have 545 00:33:09,800 --> 00:33:14,160 the D5 development Corp guys on right like that. 546 00:33:14,280 --> 00:33:19,360 That stock feels way more tightly held than this so. 547 00:33:21,440 --> 00:33:25,680 Yeah, maybe that's bad E*Trade and I've been thinking about 548 00:33:25,680 --> 00:33:27,800 today actually, I think it's one to DCA into. 549 00:33:27,960 --> 00:33:30,280 I don't know if today's going to be the bottom, there's going to 550 00:33:30,280 --> 00:33:33,640 be cell pressure. What's interesting to me, market 551 00:33:33,640 --> 00:33:38,560 cap 650 million, they've got 425,000,000 worth of ETH right 552 00:33:38,560 --> 00:33:41,880 now. They've said that they want to 553 00:33:41,880 --> 00:33:45,000 buy more and you've got ETH upside. 554 00:33:45,000 --> 00:33:53,640 I don't know, it's trading in a fraction of a billion right now. 555 00:33:54,240 --> 00:33:57,240 And if they really want to be the MicroStrategy of Ethereum, 556 00:33:57,440 --> 00:34:00,680 there's, there's upside. I think the ROI is potentially 557 00:34:00,680 --> 00:34:03,880 there like it is a riskier trade for sure. 558 00:34:03,880 --> 00:34:07,640 That's what they deserve. What I would say is that like if 559 00:34:07,640 --> 00:34:12,199 this catches the same sort of meme, like we just sort of 560 00:34:12,199 --> 00:34:15,239 circle like a bit more like, Oh yeah, this is the trade. 561 00:34:15,960 --> 00:34:18,560 People will look at the last all time high and be like, yeah, 562 00:34:18,560 --> 00:34:21,800 this is the trade, right? Doesn't matter about the 563 00:34:21,800 --> 00:34:23,800 vibration like this is straight. So. 564 00:34:25,600 --> 00:34:28,320 Maybe do you know what, Tyler? Maybe that is the trade. 565 00:34:28,679 --> 00:34:33,719 Maybe that is the trade. I've I've traditionally felt 566 00:34:33,719 --> 00:34:38,040 like buying L1 beaters is is always a dangerous trade, but 567 00:34:38,040 --> 00:34:39,920 maybe this is the one that works. 568 00:34:41,600 --> 00:34:45,560 You heard it here first, folks. Live on the FOMO hour Far Coin 569 00:34:45,560 --> 00:34:49,679 Fridays. So I will also be taking a look 570 00:34:49,719 --> 00:34:55,679 at this one very, very closely. We got about we covered the main 571 00:34:55,679 --> 00:34:59,480 topics quickly. I'll I'll touch on this meme 572 00:34:59,480 --> 00:35:00,760 coins. This is a wild story. 573 00:35:00,760 --> 00:35:03,560 We haven't really seen a meme runner like this, which which 574 00:35:03,560 --> 00:35:06,800 actually is kind of organic quite some time. 575 00:35:06,800 --> 00:35:11,160 This Gorbagana token has run to $40 million. 576 00:35:11,560 --> 00:35:15,640 There's a bit of lore on this. Let me see if I can find the 577 00:35:15,640 --> 00:35:19,640 tweet quickly while I'm talking. You think you? 578 00:35:20,080 --> 00:35:24,400 Think the toli right or. Toli and Gabe Shapiro were 579 00:35:24,400 --> 00:35:27,480 basically having an argument about how the importance of 580 00:35:27,480 --> 00:35:32,720 trademarks in block chains. And Gabe Shapiro, who is an ETH 581 00:35:32,720 --> 00:35:37,040 Maxi was basically saying that you could fork Solana, name it 582 00:35:37,040 --> 00:35:39,320 something ridiculous like Gorbagana. 583 00:35:40,200 --> 00:35:44,920 And you know, a, a certain cohort would start trading over 584 00:35:44,920 --> 00:35:47,280 there and effectively there's, there's a world where it could 585 00:35:47,280 --> 00:35:48,840 flip Solana. And they're going back and 586 00:35:48,840 --> 00:35:50,640 forth. Totally says, well, I can't 587 00:35:50,640 --> 00:35:52,840 believe no one's launched A Golbagana meme coin yet. 588 00:35:54,240 --> 00:35:57,080 Someone launches that. There's a little bit of a PvP 589 00:35:57,080 --> 00:35:59,840 and then the narrative shifts to like, OK, we're going to 590 00:35:59,840 --> 00:36:03,160 Crowdsource actually building out this fork. 591 00:36:04,160 --> 00:36:07,040 And Gabriel Shapiro helped do that. 592 00:36:07,040 --> 00:36:10,120 They raised like $23,000 the token pumped. 593 00:36:10,440 --> 00:36:12,600 And then this is where the thing it's it's it's wild. 594 00:36:13,360 --> 00:36:14,240 Yeah. So this is where it gives 595 00:36:14,240 --> 00:36:17,320 Shapiro crowd of funds the cash. This dev appears, the dev's 596 00:36:17,320 --> 00:36:20,920 going to do it. Then he says, no, I'm going to 597 00:36:20,920 --> 00:36:24,800 use this other meme coin, the other gore as the gas token. 598 00:36:25,560 --> 00:36:29,000 So this Gorebagana sells off, the other one pumps. 5 minutes 599 00:36:29,000 --> 00:36:34,440 later he rugs up and and disappears and and exits out of 600 00:36:34,440 --> 00:36:40,000 his Twitter the this rogue dev and then just abandons that 601 00:36:40,000 --> 00:36:42,680 project. Is there is there more of a 602 00:36:42,680 --> 00:36:45,600 story that speaks about the trenches than what you just told 603 00:36:45,600 --> 00:36:48,400 me? Is there? 604 00:36:48,400 --> 00:36:52,120 Like I don't think it could have been any more the Solara 605 00:36:52,120 --> 00:36:56,520 trenches story. So good meme, good potential for 606 00:36:56,520 --> 00:37:01,840 a meme. PvP on the way up then even 607 00:37:01,840 --> 00:37:05,720 raises money for what they're going to do, and then dev 608 00:37:05,720 --> 00:37:10,840 decides to semi rug, then fully rug and now we're left with a 609 00:37:10,880 --> 00:37:13,880 point at 30 million. Steve will tell you. 610 00:37:14,240 --> 00:37:16,840 Steve will say why people don't create in the trenches anymore. 611 00:37:17,080 --> 00:37:18,760 This is why we're buying stocks folks. 612 00:37:19,080 --> 00:37:23,000 We're forced to buy stocks because rogue devs are rugging 613 00:37:23,000 --> 00:37:27,400 the coins on a daily basis like. It's actually there was a decent 614 00:37:27,400 --> 00:37:31,640 chance there for something, something good, right? 615 00:37:32,480 --> 00:37:34,280 Yeah. Oh, I don't know, it's just it's 616 00:37:34,280 --> 00:37:35,960 just so funny, these sort of things. 617 00:37:36,240 --> 00:37:39,800 I love how there was a PvP just like APV fucking P. 618 00:37:39,800 --> 00:37:45,320 Just choose one guys. Oh, there's a the ETH coins been 619 00:37:45,320 --> 00:37:47,720 created. Of course there has, of course 620 00:37:47,720 --> 00:37:51,880 there's an ETH one, which which makes zero sense they would make 621 00:37:51,880 --> 00:37:55,480 one on ETH. But alas, we, we kind of went 622 00:37:55,480 --> 00:37:58,560 around the story that the only thing that was somewhat notable 623 00:37:58,560 --> 00:38:01,480 out of the, the Trump selling off 20% stake. 624 00:38:02,000 --> 00:38:05,880 I looked into that, that World Liberty Phi token, I'm going to 625 00:38:05,920 --> 00:38:10,200 say if I, I thought I had it up here, it's turning at 940 626 00:38:10,200 --> 00:38:14,120 million on pre market and it's and on decent volume. 627 00:38:14,120 --> 00:38:17,080 So it's doing about $5 million of volume a day. 628 00:38:17,320 --> 00:38:21,520 So we do have an early evaluation for World Liberty Phi 629 00:38:22,280 --> 00:38:26,360 and that is a token that feels like it could very well catch a 630 00:38:26,360 --> 00:38:32,160 memetic bid into this stablecoin crypto craze because they've got 631 00:38:32,160 --> 00:38:36,920 a stablecoin USD one. That's why it was actually a 632 00:38:36,920 --> 00:38:40,120 little surprising to me that the the Trump family took it off, 633 00:38:40,120 --> 00:38:41,760 took 20% off. I guess they're they're still 634 00:38:42,000 --> 00:38:45,720 huge owners in this. And maybe the cash was too good. 635 00:38:46,360 --> 00:38:50,680 I think Forbes reported they had a chance to make something like 636 00:38:50,680 --> 00:38:53,320 150 million, a 190 million on this. 637 00:38:53,320 --> 00:38:57,640 Yeah, I'm not seeing it here, but that surprised me a little 638 00:38:57,640 --> 00:38:58,800 bit. I think there's also the 639 00:38:58,800 --> 00:39:01,520 potential narrative like, oh, they're distancing themselves 640 00:39:01,520 --> 00:39:04,040 amidst like the the Dems pushed back. 641 00:39:04,040 --> 00:39:08,480 I'm not really sure that I'm buying that as the reason here, 642 00:39:09,560 --> 00:39:12,720 especially if they announce any more crypto dealings in the next 643 00:39:12,720 --> 00:39:15,040 month. So we'll certainly see. 644 00:39:15,120 --> 00:39:18,560 But that World Liberty 5 is going to be a token to watch in 645 00:39:18,560 --> 00:39:22,520 the near future since I think we went around the horn. 646 00:39:23,400 --> 00:39:25,080 Yes Friday. I don't know if I gave out the 647 00:39:25,080 --> 00:39:26,800 code. The code was pump. 648 00:39:27,600 --> 00:39:29,480 It was pump. I have put, I have should put it 649 00:39:29,480 --> 00:39:32,240 in thingy chat, but we'll give people just a couple of minutes 650 00:39:32,440 --> 00:39:33,960 because I don't think we did call it out. 651 00:39:34,560 --> 00:39:36,200 So we'll bring it up and people can do it. 652 00:39:37,320 --> 00:39:40,640 Well, here's why we wait. Are we going to choose anyone in 653 00:39:40,640 --> 00:39:42,520 the audience, or should we choose people from the top as 654 00:39:42,520 --> 00:39:46,400 well? Just for today, we're just going 655 00:39:46,400 --> 00:39:49,640 by the standard picker and then me and Ty are going to work over 656 00:39:50,000 --> 00:39:51,960 what we've discussed and see where we work from there. 657 00:39:52,520 --> 00:39:57,560 So we'll just go standard away. Enter the code ETA boards.com 658 00:39:58,640 --> 00:40:02,480 code is pump. Here's the using the formal hour 659 00:40:03,240 --> 00:40:05,920 code. You want to just cover this 660 00:40:05,920 --> 00:40:07,840 topic real quick, Tyler, while we let more people? 661 00:40:07,840 --> 00:40:10,080 Come into, we'll go to another minute or two to join. 662 00:40:10,080 --> 00:40:14,600 Real quick shout out to OSF, you love to see it. 663 00:40:14,600 --> 00:40:19,840 Wrecked sells out their drinks at the 711 event live in LA 664 00:40:20,560 --> 00:40:23,480 yesterday. It looks like it was a fun 665 00:40:23,480 --> 00:40:26,480 party. Successful event he is got his 666 00:40:26,480 --> 00:40:29,120 hands full. So are they doing events like 667 00:40:29,120 --> 00:40:30,960 this? Amanda, do you know today and 668 00:40:30,960 --> 00:40:34,960 tomorrow or are those more just focused on just in store 669 00:40:34,960 --> 00:40:38,160 launches? You know, I, I, I just don't 670 00:40:38,160 --> 00:40:42,040 even know like I, I think, I think this is the biggest 671 00:40:42,600 --> 00:40:45,760 distributor that they have, but this is in California. 672 00:40:46,400 --> 00:40:50,680 And I, I think if it's successful in California, then 673 00:40:50,680 --> 00:40:54,840 it obviously 711 is a, is a global brand. 674 00:40:55,400 --> 00:40:59,480 So we'll see where it goes. It goes from there, but it feels 675 00:40:59,480 --> 00:41:03,160 like the first event was a big success and then potentially it 676 00:41:03,160 --> 00:41:04,880 goes from there. I know they've obviously we've 677 00:41:04,880 --> 00:41:09,880 launched like the site as well. So you can order now directly at 678 00:41:09,880 --> 00:41:14,040 any time. So obviously it's been more of a 679 00:41:14,040 --> 00:41:17,920 drop model, but if you ever run out, you can just go buy some 680 00:41:17,920 --> 00:41:20,840 now as well, so. Oh, I must have missed that 681 00:41:20,840 --> 00:41:22,640 announcement there. There's a website. 682 00:41:24,400 --> 00:41:28,880 Yeah, yeah, as far as I'm aware. All right, well, I'm going to do 683 00:41:28,880 --> 00:41:33,160 my do my research because I have not, I'm not seen that. 684 00:41:33,280 --> 00:41:35,400 Yeah. I mean, the, the, the majority 685 00:41:35,400 --> 00:41:38,080 of them have been sold by these drops, yeah. 686 00:41:39,720 --> 00:41:42,440 It's awesome. Well wish you'll be at best to 687 00:41:42,440 --> 00:41:45,400 learn things in a light tour. They may have all sold out 688 00:41:45,400 --> 00:41:46,840 again. I'm going to the site now and it 689 00:41:46,840 --> 00:41:49,160 says all sold out. So maybe maybe they did launch 690 00:41:49,160 --> 00:41:52,440 that and they all, but that's kind of the yeah, sold out 691 00:41:52,440 --> 00:41:54,480 again. Subscribe to the next drop. 692 00:41:54,480 --> 00:42:01,680 I think, I think maybe we'll see more coming, which is I like the 693 00:42:01,680 --> 00:42:05,560 blue ones, the blue ones. Me too, I just I popped mine in 694 00:42:05,560 --> 00:42:07,960 the fridge yesterday so I'm excited to get my first real 695 00:42:07,960 --> 00:42:10,240 taste test today. Oh nice. 696 00:42:10,520 --> 00:42:14,240 All right, so spin this and then I just need to make sure that 697 00:42:14,240 --> 00:42:15,760 the person hasn't won within a month. 698 00:42:15,880 --> 00:42:17,760 So let's give it a go. Let's do it. 699 00:42:32,940 --> 00:42:37,180 Incredible handle. I'm not sure I've seen that. 700 00:42:42,760 --> 00:42:48,400 Is KBM coming up on stage? The kick is, is Pollock in kick 701 00:42:48,400 --> 00:42:51,120 chat. That kick is Pollock KBM son 702 00:42:51,120 --> 00:42:53,840 Pollock. Are they in a kick chat? 703 00:42:54,120 --> 00:42:57,640 They can they want to chat. They can chat and they can claim 704 00:42:57,640 --> 00:42:59,160 it. I think they don't have their 705 00:42:59,160 --> 00:43:01,760 Twitter, but if they want to claim it inside chat on the kick 706 00:43:01,760 --> 00:43:07,520 chat, they can do Pollock. There he is there he is Pollock. 707 00:43:07,960 --> 00:43:09,120 Pollock, can you come on the space? 708 00:43:09,280 --> 00:43:12,640 Is it possible or do we just Of course I'm here, of course I'm 709 00:43:12,640 --> 00:43:15,680 here. I guess you could always just 710 00:43:15,680 --> 00:43:17,440 tell us in the chat what coin he wants. 711 00:43:17,840 --> 00:43:20,960 Yeah, you can. I can actually bring up his his 712 00:43:20,960 --> 00:43:22,880 if you don't want to come on the space, we can always bring him 713 00:43:22,880 --> 00:43:25,080 up on the on the chat that we have on here now because it does 714 00:43:25,080 --> 00:43:27,720 work. So let me let me pop that up 715 00:43:27,720 --> 00:43:32,000 comments. Give me a SEC, OK? 716 00:43:35,160 --> 00:43:37,160 And while that's happening, I can get the other game ready to 717 00:43:37,160 --> 00:43:39,400 go. So folks, this is it's Fart Coin 718 00:43:39,400 --> 00:43:43,880 Fridays where we play Coin Race and our lucky winner Will. 719 00:43:44,640 --> 00:43:47,960 Be able to. Yeah, so, so Paul, tell us a 720 00:43:47,960 --> 00:43:49,040 coin you want you're going to get. 721 00:43:49,040 --> 00:43:52,000 So you banked $500, you've already won 500, you're going to 722 00:43:52,000 --> 00:43:55,800 get 250 on fart coin and you're going to get 250 on a coin of 723 00:43:55,800 --> 00:43:59,440 your choice, either Bitcoin, ETH, Seoul or DOGE. 724 00:44:00,480 --> 00:44:03,080 And they each have higher odds as you go further out. 725 00:44:04,440 --> 00:44:07,920 So let us know what you want your coin or he says Solana in 726 00:44:07,920 --> 00:44:09,120 Bitcoin you only got to pick 1 you. 727 00:44:09,280 --> 00:44:12,480 Got to pick one. It has to be fat coin plus one. 728 00:44:15,200 --> 00:44:19,160 So pick Pixel or Bitcoin for us. So is he the only winner of 729 00:44:19,160 --> 00:44:21,760 bringing up two more? No, only one today because we've 730 00:44:21,760 --> 00:44:23,240 done 5 through the week. OK. 731 00:44:24,120 --> 00:44:26,040 Cool BTC, he's going the barbell. 732 00:44:26,040 --> 00:44:28,040 The far coin Bitcoin barbell. You love this. 733 00:44:28,040 --> 00:44:29,400 I like that. I like that. 734 00:44:32,160 --> 00:44:33,960 So this you're not in this one, you'll be in the next race. 735 00:44:35,120 --> 00:44:36,280 It's cranky. Was a good boys. 736 00:44:36,400 --> 00:44:38,680 Oh yeah. Come on. 737 00:44:40,560 --> 00:44:42,560 Love the four coins. Bitcoin. 738 00:44:44,960 --> 00:44:46,400 Wins this one. It's hot. 739 00:44:49,080 --> 00:44:55,200 Eat it already. 250 fart, 250 Bitcoin. 740 00:44:55,520 --> 00:44:57,760 All right, we're in. Come on. 741 00:44:57,840 --> 00:45:01,800 We got 321. Come on, Paula. 742 00:45:30,960 --> 00:45:35,600 That was exhilarating. You still think 500 bucks the 743 00:45:35,600 --> 00:45:37,080 team will coordinate with you right after the show. 744 00:45:38,360 --> 00:45:40,920 Man, we haven't had a win on coin rates for a while, have we? 745 00:45:41,520 --> 00:45:43,720 We have. We have multiple people up. 746 00:45:43,720 --> 00:45:46,600 We've got to have it so that everyone chooses a coin and then 747 00:45:46,600 --> 00:45:49,960 we can always have a winner. Yeah, I like that. 748 00:45:50,040 --> 00:45:53,920 We we choose Falk coin, although it's Falk coin Fridays. 749 00:45:54,320 --> 00:45:56,600 Falk coin, you know, is not going to win that often. 750 00:45:56,840 --> 00:46:00,920 So it feels like maybe maybe we should make it so that anyone 751 00:46:00,960 --> 00:46:03,440 they can choose any coin going. Forward Hey look, I hit it twice 752 00:46:03,440 --> 00:46:06,600 in three goes, so I I believe. Yeah. 753 00:46:07,240 --> 00:46:10,320 They do 101 hundred on fart and they have two. 100 maybe it's 754 00:46:10,320 --> 00:46:13,600 100 on fart and then the others are we can choose. 755 00:46:14,720 --> 00:46:18,040 We'll continue to play with it. Yeah, All right. 756 00:46:18,040 --> 00:46:19,360 Well this is a great show I enjoy. 757 00:46:19,480 --> 00:46:21,040 It this is good folks. Thanks for joining us. 758 00:46:21,040 --> 00:46:22,560 I want to thank our listeners as always. 759 00:46:22,560 --> 00:46:23,840 I want to thank my Co host Amanda. 760 00:46:23,840 --> 00:46:26,440 I want to thank our partners. That's it. 761 00:46:26,440 --> 00:46:29,280 We'll be back at 10 AM Eastern on Monday. 762 00:46:29,280 --> 00:46:31,400 Till then, go make it a beautiful day. 763 00:46:31,760 --> 00:46:32,040 Goodbye.