Yo-yo, yo-yo, yo, what up, What up?
Good morning, Good morning, GMG. Monday, June 10th.
Fuck me, dude. Dude, we're going to blink.
It's going to be fucking Christmas, you know what I mean?
Like they were Blake again and you know, and Bitcoin's going to
be a 250K anyways. June 10th, 2024, four, four.
Another beautiful day to have a beautiful day.
Another beautiful week to have a beautiful week.
I got my Co host in the house, Tyler Mando.
How you guys doing this morning? Good morning.
I'm doing amazing, man. Great weekend.
It's Portugal Day here. It's Portugal Day I.
Didn't know you were going to make it.
Thanks for understanding. Thank you for understanding.
As you've said before, June is a bit of a holiday month in in in
Portugal. So maybe, maybe I'll get a bit
European and not show up a few days.
Thank you for understanding. No, no, I actually need you this
week anyways because. You're going on a holiday, is
that it? I'm, I'm definitely not going on
a holiday, but I will be around. I will be around every day this
show. So I will be on your time zone.
Tyler, how you doing today? Tyler's going to be hosting.
I'm good. Talia's going to be like, what,
Rock radio? You're going to be left on your
own on Month 2. I I need these.
I'm going to go to Europe myself.
I can get some of these holidays, is that right?
It's the summer weekend was great, just like pool, some St.
fest, family time. It was great.
Yeah, that's a funny time to have a hard caught out.
By the way, Mando, I think Mando's in the mood to just fuck
with me all week long. It's like one of those weeks
you. Like do you like the the
Portuguese calendar that I was telling you about?
So can we talk about this on the show?
So Mando, you told us yesterday the Portuguese in Portugal, you
work nine months out of 12 months a year.
So you're off in June, December. And what?
What was it, June? August is also.
June, August and December you're off, but you're.
Pitch me off but like. You're off.
I get you're off. The one's working, but then you
work. You are paid 14 months of the
year even though there's 12 months.
Yeah. So you, I think you legally have
to pay 13, but most play 14 and you get double pay in August and
in December. So despite no one actually
working in those months, basically you get a double pay.
So and then you also have lunch covered as standards for like
you have to pay like a few EUR. I mean lunch is cheap here but
like your your your your employer has to cover lunch so.
That's that's interesting. Ever since Mando shared that in
full March, I got my team members asking me to move the
company to Portugal. There's also like no take away
here in Portugal. So the concept if you like, and
I know this from living like living in London and and New
York. And I think I ate every single
meal for breakfast and lunch at my desk.
Like you don't do that in Portugal.
There's no, you don't take food back to the office.
It's like they don't even do take away.
Basically. No, they takes.
An hour. They take a full hour or two off
to eat right. Well, you can't.
They do have to live food services, but the idea of you
even doing that would just be like, yeah, that's crazy.
I mean, we know there's no Amazon there.
We can't even get your new microphone even.
Take away coffee is not like most people sit down and have
coffee. Interesting.
The breaks are breaks. I I worked in Madrid for nine
months in like Madrid banking and consulting and like lunch
breaks for two, 2 1/2 hours. Yeah, no.
It's not even your desk. It's a very euro lifestyle,
Tyler, right? It's like, I feel like euro,
euro, summer euro. I mean, it's the same thing in
Greece, right? Something in most places we're
not. We were in Portugal.
I remember most places being closed Mando and they would just
open like 10:00 PM. So Spain is even more wild
because Spain they have like the siesta.
Portugal never gets as hot really.
So they don't really have the siesta that Spain does.
Spain gets like really hot. So they take like a they just
sleep in the middle of the day. But yeah, like Portugal working
hours, it gets done when it gets done.
You know, it gets done when it gets done.
I think supposed to rank them. I would say that Greece is the
most chilled out of the. Three reason why the economy is
completely collapsed. Well, it's officially collapsed,
but like everyone, just everyone just takes money for themselves.
There's no tax. So yeah, like Greece I would say
is the most relaxed. And I don't know, parts of Spain
are pretty chilled and parts of Portugal are very chilled as
well. Depends on the region.
OK, OK, listen, that definitely makes me want to go to Portugal
even more. I'm not going to lie, you know,
do you think my employer will give me four months pay a year
and and can I ask my employer if they would do?
That like you legally have to. It's not like you.
Have to let Camilla weigh in so we'll start the show in a minute
everybody, but we can't do this oh, she requested I accepted a
request it's gone Feel like we have to let Camilla weigh in
like I feel like this is a topic where she's.
Going to say it's true because it is.
Camilla, I try to bring you up. Oh, there she is.
I feel like I have to let her. She Camilla's like a resident,
like Portuguese expert of the show.
She's been listening to FOMO. Ours is Gemma.
Day today, so happy. Portugal Day, Camila bom dia.
Bom dia how are you? Can you Happy Portugal Day?
Can you confirm these allegations?
I came up to say that it doesn't work like that in the north.
If you come, if you come to the north of Portugal, we basically
work more than the rest of the whole country.
This is the regional differences that they say, like they say
that people who live in the in the central, the Allentege, they
just don't work at all. Like there's like this thing and
then if you live in the Algarve, it's meant to be more chill.
But as the Northerners, yeah, they think they're a harder,
harder working. People because like Camilla's
from like the region of port, right, Porto, so she's the
north, right? Like that region.
They work hard over there. They make their wine.
I have a wonderful bottle of wine behind me that was gifted
to me by Camilla, actually. So you're telling me this region
works, right? Camila, the Porto region and
then whatever which whatever region Mando is at, I'm not
going to dock sit does not work. So around here they don't work
right. There Mando is in a place with a
lot of a lot of sun. It's it's a lot of eats and
people go outside and have beers all day.
You know, material ports or not. We actually work.
It rains a little bit more. So yeah, we are inside in the
studio cooking and Mando only sees the the guys drinking.
I love that, Camilla. I miss you.
I hope you're doing well. Yeah.
Let's see you. Again, thank you so much for
bringing me. Up.
I love that. I love that Mando.
What do you have to say about that?
Do people? No, that's true.
That's true. There's a big divide in Portugal
because you know, the name Portugal comes from Porto.
But but but because that's where even when the Moors who
conquered all of Spain and Portugal, they didn't conquer
Porto. So Porto is seen as like the
bastion of Portuguese people. And then they reconquered the
rest of Portugal for everyone, even though Lisbon was then made
the capital. So basically the North has
bragging rights over the rest of Portugal at all times and they
they exercised them at all times.
That's, that's very interesting. Well, I can't wait.
I can't wait. I, I, I just came here to to do
my work, you see. There you go, there you go love
to see that I got to I got to ask you about the crypto tax
situation Mando and if that's still the thing or or should we
abandoned all plans before I say it?
Well, I actually thought I was have to pay tax.
So I I did my taxes a month ago and it was a decent amount
because I thought it was. So I thought it was taxed on
short term gains. So like I thought there was a,
there's a 28% tax on short term gains and then there was 0% if
you owned the crypto for more than a year.
So kind of similar to the US where there's a different tax
for short term versus long term. It turns out that it's not.
It turns out that you're only taxed if you convert it back to
Fiat. So.
How you meant to like, make money?
So whenever you exit, just wait a year and then you'll never be
taxed. OK, so let me get this straight.
I can buy Solana? I bought Solana in November.
Yeah. I move to Portugal, does it kick
from the year of my buy or like let's say I moved to Portugal in
September, I sell in November after the year anniversary of
my. You'd have to show that you
owned it for a year. That's easy though those
transactions if. You then if you then moved out
to Fiat basically. But then I'm I still have to
Fiat and then I pay no taxes on that.
Yeah. Oh my, do you have to be careful
with the wallets? You have to keep them always in
the same wallet. If you move them around in your
wallets, it starts again. No problem.
So just don't touch them. Whenever you exit to Fiat, just
don't touch it. I am not touching my Solana.
You don't have to put a gun to my head for that.
I ain't touching it. 2025. That's what I said last year.
That's what I'm doing. So you're telling me that if I
move to Portugal this coming September, which is my point,
and I sell my salon $500 next summer, I'll have made a fat
gain and I'm not paying taxes on that?
Yeah, that's true. Wow.
This is not a host opinion, Sam, This is the law.
Even even, let's say even if they hit 500 before 12 months,
OK, you could sell and then just keep it in stables for a year
and then exit. We're not financial advisors.
Just remember that guys. We're not financial advisors.
Actually not. You're right we're this is not
tax advice. This is not financial advice.
Take care of your own shit. But I'm just selfishly asking as
I was planning on signing a lease for September 11th in
Portugal. So.
I was gonna ask how hard is it to prove residency?
And I was, I was literally gonna pay and.
That's a different point. At the final moment they were
like, but you haven't taken anything out into Fiat.
And I was like, no. And they were like, well, then
you don't owe any tax. Yeah, OK, now people ask you
guys for tax advice, BL8, you figure out your own home
country. Yeah.
Tyler, you're American. You're different level of fucked
but but. Yeah.
So the question there was you have to file taxes in your home
country. Well, interestingly, Portugal is
whitelisted as a country. And the difference between that
and other countries is that you, I could move back to the UK
tomorrow. Whereas if you go to, like if
you go to what they would call a blacklisted country, a country
where they don't have double taxation, taxation agreements,
Let's say you move to Dubai tomorrow, you took out a bunch
of money and then you move back to Canada.
Canada. I mean, I know in the case in
the UK, they can claim those taxes and say you just did that
as a basically as a form of tax evasion.
I think it's up to five years. But because Portugal is part of
the EU, you can do whatever you want.
All right. Anyways, well, there you go.
Well, there you go. I, you know, I, I'm a French
citizen, so I could just, you know, pull up.
I could just pull up, you know, the Portugal and move there.
Tyler, I don't know about you y'all Americans, but you know,
I've already been kind of exiting my stuff with Canada and
I'm sure Justin will be excited to receive my.
Selection now French election are going to happen.
I saw that Macron decided to dissolve the Assembly national
for the first time since Chirac in 97, which is either a genius
chess move or is going to cost him his presidency.
So we'll see. We'll see what happens then.
But UK, France, US elections, there's a lot of elections now.
You know, there's going to be elections all across the board.
Yeah, it's, it's gonna be it's gonna be an intense period in
the West, guys, and hopefully that'll impacts our coins pretty
well. So with that and on that,
today's show today, today, today, daily market report.
As usual, Samantha, you'll have to tell me why does Bitcoin go
down like 1% and everything collapses like the end of the
world 'cause I wake up this morning at check price 69 five.
I'm pretty sure I woke up every morning and it was 69 five last
week. I don't know about you, right,
Tyler? Tyler, you're laughing, but you
know it's true, right? Because you do the same thing as
me every morning, right? So holy shit.
So we'll talk about that and then I mean, guys, we're going
to have to talk about Solana. Solana eating, hitting huge text
volumes. I know Tyler, that's in your
top. I'm sure Amanda, you were going
to bring it up as well. We're going to have to talk
about Tyler's top five, of course.
And I'm I'm assuming that in your top five, you're going to
discuss what happened this weekend.
Like that Spaces, that Twitter, that one Twitter spaces.
You know what it was? It was like the Super villains
all in one space. DC Comics super villains.
I was tired. I was actually with thread guy
at home. He was in Montreal listening to
it. Like, yeah, that's like the
Super villains assembling. You have a Shkreli and Tate and
awful and nasty God, and everybody's in one intake,
everybody's in one space. So we'll debrief that for y'all
and what happened this weekend. And then anyways, a bunch of
stuff to to go over. Just want to announce also
'cause we do have giveaways regarding that new show Partner,
Let's go. They've been partners of rock
radio for over a year now. So you've seen them at our
events for sure. Interstellar, our friends down
there at Interstellar. I'll invite you to speak if we
just hang on stage so people can see you.
So go to Interstellar dot IO. Right points.
Sorry, it's points dot inter seller dot IO.
We should pin something up for y'all to be safe, ensure so
points dot inter seller dot IO and and register, because first
of all, you're gonna get 500 points for registering
regardless. But during the show, I'm going
to drop a code in about 30 minutes and you're going to use
that code to enter the giveaways.
And then I'm going to pick three people.
We're going to do a whole like thing on the show. 3 people.
You can win some really good wine and stuff like that.
So in case you don't know, enter cellar sponsored or event in
Miami, but also in Paris. And those, those were the folks
that served us some fine, fine, fine.
French red, of course, French, you know, 'cause that's the,
that's the best one in the world.
So anyways, as usual, this show is powered by Munpay to buy and
sell crypto, with PayPal down on the Munpay app and fairside
network wallet coverage for drains, scams and more.
So anyways, anyways, anyways, let's finally get to this market
report. Who?
Is the main knackle daddy of the land?
Can you dig it? Yeah, GM everyone.
So it feels like if you're on crypto Twitter, it's a war zone.
But if you're just looking at the prices, not a lot is going
on. Bitcoin is hanging out at 69
1/2. It did sell off after our show
yesterday. It's kind of what I thought
might happen, which is that we don't really, we never really
break out of a range by gradually going higher.
I, I don't know. I don't know.
I'm not really that bearish. I'm not super, super bullish
short term. I still think we could, we could
touch the bottom of that range that we spoke about, you know,
how's that? I mean, you've got another line
on the chart there. It's a new line.
It's a new line, is it?
It's it's a new line, but you see what's ironically, you want
to laugh. I drew that line last Friday and
I wake up this morning refresh and it looks like we're trusting
it like. Yeah, I mean, I feel as though
we could easily go down to 66 K and and giga Sen like that's 5%.
Like everyone just chill out if that happens or yeah, even less
than 5%. But yeah, I think, I think I
would be unsurprised if that happens.
I'm not worried about the market in anywhere.
We saw 2 billion of inflows into ETF last week.
We've also seen stablecoin volumes, sorry, TV LS really
start to pick up as well. So Mark looks healthy to me.
There's the timeline just seems to be saying that would like
everything's just going horrifically and I I don't
really see it particularly for Bitcoin.
Obviously other thing, all coins really do get hurt way more than
Bitcoin on that move lower. But I think that's been going on
all year. And if you've been sitting here
waiting for the altcoin season, I just, I don't know what to
say. Like I feel like you should get
out of that trade as quickly as possible.
I think. I think for me, the, I have a
very, very small group of altcoins, which I like.
And the number one is Solana. And then, and then it's meme
coins, which is still having an OK, OK period here.
I know Whiff's not doing that great, but let's be honest, it's
had a crazy cycle and, and so is Pepe and all that sort of stuff.
So there's the only places that I really take altcoin risk.
But to me, it still feels like Bitcoin dominance could stay
around the same sort of level even even as we go higher.
So yeah, I'm sorry if it just feels as though a lot of
particularly OG crypto is big in altcoins and it's getting badly
hurt. And and that's just, I don't
know, that's what it feels like to me.
They've just been holding on to some some bags which haven't.
Been I have a question, Mando. Yeah, I have a question for you
because you you spend a lot of time on a timeline and then I I
could definitely ask Tyler the same question.
Well, I just had a Deja vu. That's crazy.
This moment already happened for me, was wild that happened to
you guys well. We've been doing this show every
day for the last two years, so. I know, but I had the Deja vu of
me saying I have a question Mando and then Tyler and Tyler
hasn't been on for a while. So that damn, but it's true it I
I do have a Deja vu every morning with you, Mando.
It's OK, you got cuter with time.
So you talk about the timeline being angry.
I feel like there's more people tweeting about the timeline
being angry than people being angry.
Boy, that. Just came now I noticed this.
I, I said sort of the same thing and then I actually OSF was
like, no, you're not really following the same people in the
NFT circles in our circles. It's not that bad.
But if you go to like, let's say the people that came up in the
2020, 1017, maybe 2017 crowd, there's a lot of fighting going
on between like, because a lot of them talking about altcoins
and the fact that like, and so it's a lot of the traders from
that cycle like the people like who's the duck guy?
Donald. Yeah, like Donald and like.
All of those. Yeah, like all of those people.
Yeah, those guys. Sending me and being like yeah
they're all fighting and like Zolt that guy Zoltan have you
been seeing his pose He's been going wild on the timeline OK
yeah he's like he seems to be claiming that we're like this is
the cycle top and he was talking about Petro dollars There's this
is I don't. Know man.
That's what I mean. It's just like there's just not
a lot going on. You can tell when the timeline
gets like that, that it's just you would, you know, you would
assume that a ton is ton is going on and and not a lot is.
I mean also are getting smoked right like across the board when
you look at everything. I mean, what are we, what are we
looking at here in terms of price action on because the
majors are kind of unchanged, right?
Solana's at 158, Etherium 3668, Bitcoin 669 four.
But if we go a little lower, I mean, Dogecoin hasn't really
moved much in this year when you think about it, still 14 cents
chain links, chain link's the one that's moved a lot this
year. But besides that.
No, I mean all coins, Yeah, it's been a fucking horrific.
There's an arbitrary guy, right? Yeah.
Arbit's at $0.95 so it's all the L twos, right?
Right, Exactly. Yeah.
So it's a lot of stuff that I think people either got.
As like VCs or KOL rounds and last cycles who are like Oh my
God it's so horrific. And I.
I just continue to think that like a lot of people, a lot of
that crowd also I think missed this cycle.
I really, I really, really think that.
And I thought that for a for a while.
I just feel as though they a lot of people just before we Giga
started Giga sending they were really hoping for.
A pull back, yeah. Pull back because you just have
to take yourself back to this time last year, you know, like
people were saying, I'm going to put myself 40% in treasuries.
I'm going to put like, I'm going to be put myself into like D5
boring stuff. And it really turned like that.
If you remember this time last year.
And then suddenly it just like gig ascent and then everyone was
like, oh, coin season. And that's never really
happened. And everyone started hating on
memes as they started to move. And then it was like, oh, no,
that you guys are all going to get wrecked.
And then they just kept going and then bitcoins kept going.
And I just think people have really, some people have really
fucked up this cycle. And I think now it's getting to
the stage where they kind of, I don't know, they want it to be
over. Well, they.
Chased it too late and they they got pissed or something like
that like this. This is the thing about crypto.
Like you missed those periods where it giga sends and if you
fade any of those narratives during that period for your own
bag bias, you can get absolutely destroyed even in bull markets.
Interesting. Yeah, I mean, I think you're
right. They were.
They used to talk about missing the cycle.
It was around when we were hovering around 30-40 K, right.
Remember people are talking about a dip and then we just
went to like 73 or something to all time high.
That was that period. So I know exactly what you're
talking about. It was over in January when we
were in Davos. Remember like it was like 30-40
K and people were talking about like a major nuke like 50%
before spike up. But instead we just like kept
continuously pushing higher. So I remember exactly the time
you're talking about and then exactly what you're talking
about, 'cause it's true, a lot of the top, well, the top like
the the biggest, like the bigger traders in the industry, we're
talking about about being sidelined or missing a lug up.
So naturally they're, they're praying for a downfall anyways.
I mean, that's fair, right? And also doesn't help that memes
aren't doing so well. So if I'm looking, I mean, so
well, you know, WIF is still a $2.66 billion token, Pepe slight
dip to five billion 510 here. Mogga is hanging that that $400
million mark, etcetera, etcetera, etcetera.
And the duck is still going to a buck.
So on the on the on the on the market side, Mando, it seems
like this is this is about it. Like what do you what do you
expect? I know you, you remain bullish.
We all remain bullish here. I saw OV tweet out about some
numbers again, the biggest FOMC in the history of of FOM CS
again and this week this. Week.
This week is just an amazing week.
You have CP, you have CPI on Wednesday and then you have PPR
on Thursday. But you also have the Fed
decision. the Fed is going to keep interest rates unchanged,
but there is a lot of speculation that they could be
more dovish because we've seen a bit of a slowdown in the
economy. So I think it's something like a
96% chance that they keep rates unchanged, but I would expect
him to be the most dovish he's been in months.
Yeah, what? So what does that mean for our
bags? Normally that would mean they go
higher, but you just never know. All right, well, let's let's
hope for that. So we said big big this week.
So big week this week for us. Couch macro experts CPIFOMC
Wednesday PPI Thursday What the feds decides to do on Wednesday
could set the tone for meme coins until year end.
Dave early dog with had investor.
That made me cackle when I saw that.
What do? You think I mean?
It's a joke, but it's so true. Like we're all just, we're all
forced to just be glued to these, to these fed meetings
meetings now. And I mean, and he's right.
Like the, the decisions made are impacting the risk market.
And like the meme coins are the furthest out on the risk curve.
And like they're moving violently, you know, based on
language used and tone used in these meetings that happen once
a month. And it's I'm sure we're going to
see some crazy volatility here this week.
Yeah. Yeah, go ahead.
It's. Yeah, fighting it.
It's Oran, not Saltan. Saran Saltan, somebody.
Else wait, what? Were you going to say Tyler,
then I definitely want to go to this chart here.
I think the the bummer that I I started to come to realize that
the the the Bitcoin ETF and it's all just del trades now.
So like that used to be like the easiest tell like demand and
like where we're going and now we just can no longer trust
those numbers. It's just so it's.
When does the ETF go live? Do we have any updates on that?
There's some that they are hoping to see some movement this
week because they sent the amendments back, but there was
some light speculation that could be delayed further.
I know the Fox News reporter Eleanor Teret, she said that the
the commentary from from Gensler last week made it sound like it
could be a longer process than than as you thought.
But yeah, I guess what I'm trying to say is this guy trader
CZ fucking the duck, Don Donald, like that crowd are back saying,
you know, we go to zero like you guys will.
And because they missed the whole, they missed big legs of
this move up. I'm certain of it.
I mean now they need without yeah, a lot of the people you're
mentioning. I've seen tweets because I used
to have notifications for all of them and I stole them and as as
as the bull, like confirmed Mando, like as the bull stages
went up and up, I started on following and removing
notifications, unfollowing and removing notification,
unfollowing and removing notifications and like the last
man standing in my notification was like McKenna, because he's
like turbo bullish all the time. I love it.
He bull posts Trump a lot actually, and ETH then you have
I like main for his for his, but on Telegram notification.
He's actually pretty good at that stuff.
And then and then I think it's down to like McKenna and like, I
mean, besides, you and OB doesn't really count.
You guys are like Turbo Bull at all times, not posting trades,
But you know, I think it's not to him and like flood, you know,
something like that. Man, you go to High Stakes
Capital, he's the man. I I requested this to to follow
him. I don't think I got accepted
yet. No, I didn't yet pending.
Let me discard and we follow there you go.
But that's that like in terms like traitors.
I I've just gotten over it because it does impact your your
it impacts your your head when you've seen all these tweets.
So it's not good. But anyways, that's Zoran is
calling for 44,444. You know what I have to answer
to that 4. Yeah, he seems to be saying he
was saying that. So there's an agreement today
which is that the the Saudi Arabia and US have had a multi
decade long agreement on oil that it would be priced in
dollars. And obviously over the last two
years, you've seen Saudi Arabia go and do individual deals with
many different BRICS countries, notably China about doing
pricing oil deals in local currency.
And he's saying like this is the death of a dollar.
And then you'll see all risk assets puke and that Bitcoin
will somehow puke. I I mean, if you look at the
actual demand for dollars over the last 12 months, it's been up
only right up only there's been some talk about them trying to
create their own currency, the bricks, but largely because of
the euro's done very badly, dollar strength has actually
only really continued so and gold, to be fair, and Bitcoin,
but the yeah, it's, I don't know, man, like it's.
It's ridiculous. Let's just.
Let's just, it's just this sort of shit, you know, it's like the
sort of shit that you listen to in the bear market.
It's like, oh, yeah. Like, oh, we're going to 00.
Japan. Japan's about to default.
Like all this stuff that we were talking about a week, two weeks
ago, Like when this price goes sideways and someone comes up
with some crazy theory about why Bitcoin needs to go lower.
So boring. It's so it's all so boring.
You know what I did? I just felt I just watched the
F1 this weekend, didn't worry about anything on the fucking
timeline. Even GM this yesterday morning,
but though I was dealing with my own shit at the airport, but
still like I'm just like so like, you know what I did?
I actually closed all price charts.
I opened them for the first time this morning so that we could do
the show because I have to show them on screen.
I don't even give a shit anymore.
I like I'm just going to wait. I'm just going to TTPI.
I've lost the most money in my life to getting chopped off.
So you know, I'm on I'm on a self-inflicted trading rehab and
it's been three months. The only thing I did was add to
my WIF position last month or earlier this month and that's
not doing the best but I don't care, you know?
I think you have to decide right now if you just want to hold
your macro positions, then it's it might just be no screen
summer and just log off and and go enjoy.
But like the the meek coin market is very a lot.
So like, I think you have to decide like, are you going to be
in the trenches or are you just going to log off?
And like just don't be like halfway in in between because
that's probably the the worst zone to be in is just to be
casually following things. And then you're just going to be
late on, on every move. And I think if you dive in like
there's tons of opportunities, but it's, it's going to be
totally fine just to to log off for a bit too.
Yeah, it's it's you're right, you're absolutely right.
I mean, you can either take on screen summer on chain summer,
like you go in the trenches, like I have my homies on pumped
out fun all day long trying to catch like a bunch of coins or
you no screen it, you're comfy and spot the meme and you just
enjoy yourself. I think I'm going to do that.
I'm going to do build, build summer, just build and chill.
And that's what we're going to be focused on.
Seems like the move, the other headline on the major stuff and
I'm and Tyler taps into you and then you can sort of segue after
that. That way was Solana.
I mean, Mando, I know you got to go in a minute, so I'll go to
you and then Tyler definitely want to chit chat with you on
this and the meme coins and everything.
But Mando, you sent me a stat like Solana's doing some insane
volume. Yeah, insane volume ever since
Tate came into meme coins you I mean that main meme coin aren't
did did like 500 million of volume in the day like that
doesn't happen. Yeah.
So Solana dex volume flipped ETH on A7 day basis and he's been
close to both ETH and finance put together.
So I don't know, like Solana looks like it's on the adoption
curve, let's put it that way. It's definitely on the adoption
curve and you love to see it. I mean, it's just everything's
just going sideways. Just how long has this been?
Even the price action for Salon? Because Bitcoin's been chopping
for over three months now. Solana's been this price for
what do we got here? It started hitting one 50s in
March. So also since March with
obviously some major dips. That was scary.
That was the night of the Iran Israel thingy.
We went to 1:15. But you know, that's, that's
really it, dude. Like we and then what we we
didn't we hit it multiple. Yeah, that's it, right.
So it's just normal in terms of the curve.
So that's a lot of that's a lot of volume.
I'm sure we'll get into that, um, in a minute here with Tyler.
But but but but quickly quickly before we do that, there was on
screen right now. So if you're watching on video
and as you all know, we're always live on audio and on
video. I don't know if Sam's you want
to kind of pass it up again. Boom.
The code on Intercellar is FOMO hour one FOMOHOU R1 go to points
dot Intercellar, like a wine cellar, INTERCELLAR dot IO.
It's pinned to the top of Twitter Spaces.
If you want to play it safe, it's the official link.
You're good, you're safe. Don't worry, we've clicked it.
I've connected my my Twitter personally speaking, so I can do
the drawing. So you're good.
I went first. I went first, so you guys can go
after me so you're good. I risked it all put it on put it
on the line for everybody. But anyways, I went first so you
guys can know it's legitimate. So make sure you do that at the
end of the Twitter spaces. I'm going to pick three people
and then you know put up we're going to do a little flywheel
spin the wheel thingy for all y'all to redeem it.
But anyways, you should do it. We're going to run these
giveaways I think three times this month.
So we have a full month of gear with interstellar, of course
more aerobic giveaways etcetera. So you know no screen summer and
giveaways. That is that is the vibe we are
going for. So make sure that you put the
code FOMO our interstellar dot dot dot dot dot it was IO,
right, It was it was shit. What's going on with it's it's
dot IO. Yes, I knew it was IO.
But anyways, anyways, Tyler, I know you have a lot to talk
about. Four daily.
NFT and crypto analysis Tyler did on.
FOMO our cause the kid can't you teamed me up a.
Top Story Salama beats ETH Index volume four days in a row,
including a whopping $3 billion day on Saturday, largely on the
back of this meme coin craze. And Speaking of the, the GME
related tokens all suck on Friday after the Roaring Kitty
stream highly anticipated. It was largely a disappointing
stream, though we did see those tokens rebound slightly
yesterday after he came back to Twitter and posted another
cryptic tweet. In other news, we saw meme coin
mania hit a new level on Saturday after his face is
featuring Andrew Tate, Donald Trump, Junior Dan Bilzerian, and
more. Hosted by none other than NFT
God Alex Finn, they had 15,000 concurrent listeners, 250,000
total plays on that space. So there is some attention there
and then where there's attention there is Iggy Azalea.
She announced a phone launch, which you can buy using her
mother token or Solana, along with the fact that she has her
own telecom company. So So what can our mother do in
other headlines we've got ZK sync teasing AirDrop news.
They did they debuted their ZK nation as the new governance
body here this morning. Yolo games over on Blouse Blast,
they announced their TGE token launch coming this week.
Meme Land got on the mix there. They made them a Stakeland
partner and then Frintech partnered with Conduit for
Frintechain. It's it's, it's coming.
The Frintech L2, The Frintoken briefly rebounded to $0.80 after
the news, but then it fell quite a bit yesterday after MACHI
started selling. And then some breaking news this
morning, Arbitrim. Dow did approve a $215 million
gaming fund. That's where the Arbitrim
Foundation's going to allocate 225 5 million tokens to this new
gaming catalyst program over the next three years to boost gaming
projects on the network. So pretty big headline there and
this this might have to be a new daily reminder blast tge June
26th focus just 16 days away. So the final countdown is on
over on blast. Wow.
Wow, wow, wow, wow, wow, wow, wow.
That is that is that is really cool and there's a lot going on,
so I love to see that. So let's start from the top.
Let's start from the top. I took some notes here Roaring
Kitty so that I forgot that happened.
See that's time warp. Like just be honest.
Like Friday at noon. I think it was like 12/26.
He went live a little later and then we're Monday.
It's like we've already talked about it so much on timeline.
That's like it feels like so passe but it's like 3 days ago
right when you think about it. So what did you think?
What did you personally think of of the stream?
I saw OV tweet like not to be conspiracy theories but it feels
like there's more to it. I actually have to agree with
that. Like a lot of people were
dunking on him saying like oh that was dumb it was bad.
I mean don't get me wrong, it was so boring.
I watched the thing I was like unimpressed and I think the
market showed it was unexpressed as well.
But why don't you feel like there's more to it?
Because he also reposted last night.
Like what What what's your read on all that?
I I sure hope there's. More to it, but I don't know.
So I think that the high level of the foundation here is we
over hype everything. Similar to like Elon.
Going on SNL, what he's going to do with those Roaring Kitty's
stream, it would have been there's basically no outcome
where he would have, you know, outperformed.
I think from what I understand. And I wasn't like deeply
following his streams in 2021. People who were saying this is
basically what he was like back in in 2021.
I think the disappointing part was his thesis for, for going
along in 20/21 was, you know, more eloquent.
And now if you listen to him, basically he all he said was
that he he likes Ryan Cohen. He thinks he's got a good plan
and he wants to bet on Ryan Cohen.
But like, thinking back, I'm with you.
Like it can't just be that, right?
Like, like all of this going along with $250 million or
whatever he went long with like just because he likes Ryan
Cohen. And like clearly there was some
production that went into the, the stream, right?
He comes out in the cast, he's got like the, the, the
heartbeat, the heart monitor and whatnot.
He's got the, the token streaming.
He was also asking for legal advice live during the stream
several times. And clearly there was someone in
the room with him. He was asking like, can he, can
he not say things? So I, I thought that was
interesting. I don't think we've seen the end
of the saga by by any means. It feels like it was just the
beginning. But I do understand why some
folks were disappointed. Yeah.
But The thing is like. Folks are disappointed, but like
at the same time the guy says anything wrong and we're all
accusing him of like insider, you know what I mean?
Like I feel like it's like, what can he do?
Like OK, so. 2.4 million people showed up.
To the stream. That's the thing, right, Tyler?
It's like the guy can't see shit.
Let's be honest. Like anything you will say will
be held against two in a court there.
The copy pasta that the policeman say that the feds say,
right. So when you think about it, like
what? What else could he have said?
You know, I do think though, I don't know if he was on
something, but yeah, you know, my boy, my boy was maybe, you
know, I don't know if he was on is on it, you know?
I had buddies who said he he sounds like someone who's made
$100 million, sounds like someone's made a million.
Dollars and and definitely had a couple 8 balls.
You know, I'm just going to say how it is.
It sounds like someone who made nine figures, railed a couple
lines, waited for GME to hit that that that that pico bottom
there and went live. He was clearly unaffected.
By the price action, I don't blame it, I mean.
It it went down. Quite substantially on Friday,
right? It went down like 50% from the
pre market high. What are we looking at now?
Tyler, what's the price of GME and not the one on Seoul, though
we're going to get to it in a second here.
JME stock, we're looking at $28.00 open here, so.
Not bad, not great. He's still got, what, two weeks
left? His price is 20 or 21, so he's
still in I. I I'm convinced because you
remember the part. One of the plan was the movie
stuff, right? Part 2 of the plan is this.
We got got after the first plan, all of us were like, oh, this is
boring. He's out.
And then he came back and now he's out again.
But then he tweets. You think these guys have a plan
laid out for the next two weeks? Of course he does.
The guy is potentially going to make between 100 million and a
billion dollars. Of course he's got a fucking
plan. He's probably got a scriptwriter
ahead of helping with the plan. I would hire like a Hollywood
scriptwriter. I would pay someone like
$1,000,000 in cash to help with script, you know what I mean?
I think he's got a full team. Yeah, I think he's got a full
squad. He's got a plan.
Let's just, you know, hopefully it's more than he alluded to on
Friday's stream. I mean, the the other take away
is, my God, do people care about what this man has to say?
That's the thing, right? I tweeted about this about Iggy
and and and roaring Kitty, right.
It's like everybody's so concerned, like once a dog.
And I think that goes back to what Amanda was saying.
Like people have just bored and chop, you know, what do you
think? Are you team or and Katie or
what I am? I like him.
I actually, I like the stream. I mean, of course it would have
been more interesting if there would have been like fireworks
or or price action, but I don't know.
I kind of came away from it like him.
He's a likable guy. I'm I'm rooting for him.
I mean, look. Jamie on So at least that was
that big ass red candle from the stream.
And the last three days are up only.
So we'll see Saturday, Sunday and then Monday so far has been
up and it's at $130 million. What's the other token you said
that's tied to him? It's Kitty Kitty.
Roaring, Kitty said. 14 nasty red.
Candle and it's coming back too. I mean that one was down like
60. Plus percent on the stream,
right So the market did not react well to that stream at all
the the tokens they. Outperform the stock on the
green days and then they they go lower faster on the red days.
Like that much is clear and like usual, right?
Yeah. Then like anyone who bought the
dip, I mean, they're, they're doing all right.
Wow, wow, wow. Wow, that is, that is amazing.
Sorry, I just got some really good news about the passport
situation. Let's fucking go.
Anyways, listen, I will make my way to Europe on Wednesday
anyways. Sorry, it's just I've been, I'm
not supposed to be here right now.
That's the craziest. I don't want you to be over
there. In other news.
In other news, Mr. Tyler, we got to talk about that Twitter
space. We've got to talk about this
because I was hanging out with thread guy here in Montreal.
We're doing some content for Williams racing and cracking for
the F1. And then I'm like Troy guy,
Andrew Tate's live and what do I see?
I mean, that is like Avengers Assemble, but the villains
assemble. You have Alex Finn, OK, NFT guy
with Donald Trump, junior, Andrew Tate, Wall Street bets,
Dan Bilzerian, Mario novel. All you were missing.
It was Hunter Biden and you were set.
I mean, what did you listen to Twitter Spaces?
What do you make of this? I shouldn't listen like the.
The weekends are so hard for me to dial in so I'm gonna need
your boots on the ground report. But my God, if you don't think.
Meme coins are the the thing this cycle.
Like what? What else do we need to hit you
over the head with? Like for you to understand?
Like a space is titled meme coins.
Got all these folks to come in. We've got dozens of tokens
launched related to these guys. We know whether or not they're
tied to them or not. Different story like the Ignite
token and Bazirian. But this is this is it.
This is the thing. Yeah.
I mean, I mean look. This is in no way, shape or form
us endorsing any of the other people.
But at the end of the day, hey, I was I was obviously shit
posing saying, oh, bull market confirm Tate's is coming and you
know, I put AI put a pull out on the back of that.
Tyler, what inning are we in? A lot of people seem to think
we're on the second inning, but it's actually weird.
It's like almost an even split across all four innings.
So I didn't really get the results I wanted out of this
full, you know what I mean? But a lot of people are calling
tops. You know, I think what's
interesting is we're very well aware that Andrew Tate had a
whole 180 was shitting on crypto.
We talked about it last week. The guy was like shit talking
the shit out of crypto at the bottoms, bottom of the bottom of
the bottom of the market was Andrew Tate calling us dorks.
And you know, so we'll see what happens, but surely it can't
hurt these people with, you know, cult zoomer followings
preaching meme coins to the masses.
And the Solano decks volume is actually directly tied to that
token that he launched. So I'm not going to yes,
definitely was I'm. Going to share it on screen or
whatever. And all that stuff for obvious
reasons, but like, you know, I didn't personally trade it, but
I also like Mando likes to say I'm not going to go and take a
moral high ground in crypto. You know what I mean?
I'm not, you know, I don't think we like to do that around here.
It is what it is. It's the name of the game.
Don't hate the player type of the situation here.
But look, it's a it's the truth. It's the truth.
It is happening and expect more of it.
I'm curious to see what's they're all launching.
On Solana, they're all like. Mother is what's the mother at?
I mean, you know, it's 101 million, dude.
Like this, the longer the. Longer this.
Shit, the longer this thing holds like the longer this thing
holds Tyler, like the more this is going to keep going.
This has almost become an index. You know what I mean?
Not like whiff is like kind of like the leader of the meme
coins on Solana and you have like Pepe that leads and then
Mog usually like is the beta to Pepe to eat whatever mother's
like. The longer this shit's going,
like the more the celebrities are going to, you know, oh, look
at Iggy Azalea four weeks in. That's my.
Exact thesis. I think this is the the leader
of this new sector. It looks like it's going to have
legs and not just be a one week phenomenon.
And then you had the Thread Guy podcast.
And everything. So she's clearly involved.
What's with her telecoms company?
Let's segue into that that. Was the surprise from yesterday.
She's launching a phone. You can buy it using the mother
token or soul, and then she she backs it up with someone who's
like you should partner with, you know, Helium on salon and
she's like, no, like I've got my own telecom company.
We're we're competitors and and she's just going after it.
So like there's there's clearly more at work here.
All right. And then.
We've got Fortune magazine. This was the other.
One, I don't know if you saw this cat like CL2O7 was posting
about this. So Fortune magazine ran the
headline. Iggy Azalea is cashing in on
crypto as her meme coin makes 194 million in one week.
So like this is like your, your, your, your classic file like not
understanding that $194 million that's totally fine though.
That's. Totally fine.
Exactly. So like the press is, I mean,
the press tour's out there. We, we've got these, these folks
running these Twitter Spaces. I mean, I really feel like it's,
it's this Meta is going to last. She seems like she's the leader
of it, Yeah. I mean.
You know what is going to happen?
I feel like celebrity's going to be like, oh, I'm the biggest
celebrity than her. I can do better, which they
can't. We know that you could be an A
Lister and not do better than this meme corn.
And you probably won't because this is hard to replicate,
right, no matter who you are. And so and so we'll see.
But it does. I do think it does definitely
attract a lot more people into the space, especially as she
manages to like stick it within regulatory frameworks because
she's AUS citizen. It actually makes it more
attractive for US persons to do it.
It's like, oh wait, I'm allowed to launch meme corn.
That's the first thing. Oh wait, I can do that and do it
this way. So there's definitely like every
time you have something like this happen, I feel like there's
a framework being built, right, because we're with a flash site
in like a dark room, Tyler. So this is really interesting,
man. I feel like at this stage, no
one can even hate on on on her. Like, her podcast with TG was
great. That gas thing going viral was
hilarious. So what, Do you know how your
car works like when you're driving?
I have no fucking clue. When I gas up my car, I don't
know what happens inside. Yeah.
It's infinitely memeable. And now we've got the next week
of content and then she's doing the phone.
She's the she's. We'll, we'll get on.
From our I'm I'm going to hit him up and and get him on from
our I was waiting for a for the thread guy podcast to get over.
He was guys. He was downstairs in this
apartment. He was trying to upload it and
it was a little issue and he was freaking out.
I was like so stressed kid. The kid couldn't even come to
dinner until it was done. I had a reservation.
So we went. Then he joined us.
But the kid was like, we have it on tape for my Montreal vlog of
him like freaking out above the vlog.
Oh, we got to cut this 5 second vlog, but pics is editing and
this and that. It was hilarious.
So I would be too. I'm curious.
How he's feeling about it all. And then of course, they're
they're running the cancel third guys faces last night, so he
can't even enjoy it. He's he loves.
It he is loving it at the end of the day, media is media.
Like it's so funny. Like we want media to be media,
but we want to also tell media how to be media, you know what I
mean? So like I'll have obviously a
dig that's different being that we work with, right guy and you
know, old rock radio decrypt and all that.
But dude like let the people do their thing, you know what I
mean? Like if you don't want to
consume the content, you can also just shut it off.
Same for a corporate space. I listened to it was dreadful,
by the way, but like I didn't have to right?
Like you were like, I was busy like I didn't listen to it
right. So it's like it is what it is.
So anyways, there is there is that and then I mean, look, I I
probably can't go over everything you got going on
here, but I'll just go straight to to to to blast fantasy top in
six. I I got fuck.
I gotta enter my I gotta enter my tournament.
I did not lock my decks. It's in six hours and 5 minutes.
There's four tournaments starting and you can enter as
many decks as you want. What's the alpha here?
I was talking to these, given that these me, and I'm assuming
you make you do have better decks than us, but I I don't
have like an in send deck like I can't compete in the lead.
I was thinking of putting my best cards in gold and then you
know, what do you think? What's your play here?
That was my theory as. Well, but now I'm starting to
get to like the second and third level thinking like, does it
make more sense to actually fire your best decks in elite because
the elite pool is going to be a little softer because of folks
who think that with the big dogs.
And so I think that the elite term is going to be incredibly
difficult to win. You, you've got like the AI
Revs, you've got like the OG general.
These these guys are just piled in ETH like to build these
incredible decks. It's going to be very hard to
beat them. But if you look at the rewards,
you basically have to be top 20 in gold to match a top 100
finish in elite, so. It's like you've got more.
Breathing room in the elite pool and there's a lot less entrance.
So I mean that's what makes it interesting to me.
I think the the wild card on the gold and the other attorneys is
that they're * capped. So there's a little bit of the
game theory based on like who you do have.
Like if you've got a really good stars capped line up with that
28 that you can fire in gold, I think it does make sense.
So I am currently firing what is likely my best line up into gold
and then I think I'm gonna fire still fairly hard into into
elite. We didn't get the legendaries.
That was the other news cards locked.
Fuck, I got my suck cards locked in the 22 day tournament.
Oh, no. Yeah, me.
Me. Too, So like that's I'm gonna be
able to have my best team. Oh my Alon.
No, my no. Yeah, this might be.
This might not be your week. This is the end of my
tournament. Cause like my DS, look at my DS,
my Alon, Epic, Pac-Man and Travis, Yeah.
Those are good guards. I'm done and we're not getting.
A legendary. I'm not going to flood the
French devs. It's OK, I know.
What they did announce this morning, though, that you need
to know is they they want folks to lock early because they're
expecting a lot of traffic. Sight that last hour and don't
don't complain about missing the window, damn it.
The other thing that. Happened I'm I'm not going to
flood. I'm going to turn my hearts not
to flood. I spent like two or three hours
rearranging my decks and really thinking this through on
Saturday. And like the scoring changed on
Sunday, like like 30 of the folks, like their, their scores
hadn't been indexed properly. They updated.
So there there's some new new data in the game that came
Sunday. I didn't have the time to to to
go back through everything. So I'm just going to come to
terms with it. We're going to fire this week
and then we'll we'll re evaluate for next week.
I think we're going to be able to expect similar attorneys next
week. The wild card is the tactics and
we might learn what this tactics thing is.
On the other news, I mean the floors are up big.
Yeah, they're up big. Yeah.
What do you think of this deck for gold?
Solid gold deck? Let me see.
So you you're running out Commons with one epic?
Basically, my epic is a player. Dude, you want me to be honest
with you? You've got no shot with with one
epic and and no rares even even with those great Commons, so it
might even better for you to to think about trying to run out a
a common team that could actually win.
What about Dudas? Yeah, yeah, yeah, yeah, yeah,
yeah, yeah. I got Lawrence here.
I could add him 28. OK.
This is annoying me and it sucks.
So it is what it is. I didn't expect this.
What's that? Hold on, Compete what's where's?
Oh, oh, oh, where's our art of tournaments at?
That's running right now. Oh, there's still four days.
God. And how long are these
tournaments on for the classic ones?
They're yes, they're going to run.
Monday through Thursday, like 5:00 PM to 5:00 PM Thursday.
So we shouldn't have a little bit more set times.
I could use this, which I like. Yeah, well, maybe I have.
To go shopping then God damn it they're good at their shit.
Fuckers I I had. To hold myself back, I, I would
have deployed like 10/8 just to, to build better decks this
weekend. And I was like, Nah, I I can't
do that. But wow, it's fun.
It is fun. I I'm still entering every
tournament. I at the end of the day, like
we've said it, this is alpha like you want gold.
This is one of the best ways to get gold right now.
Like it's not even a secret guys like there is so much gold to be
had in this game right now. You shouldn't fade it like just
enter some shitty deck if you have to right?
Like under point 1.2 you can build the deck which your
initial one so there's no one's even talking about their fan.
The fan points that we're earning, which, yeah, I'm sure
it can be fan token. No, right.
We're speculating that it's going to be a lead to a token,
Yeah. And Owen's been thinking about
that. So yeah, I mean, I have 272.
1000 already, I've gotten 755 glass gold from this.
So if gold's at 10 bucks, you know, talking about 7K, which I
don't think is going to be 10 bucks, but still like you're
looking at a few $1000 for just playing the game and being
active in it and just paying attention to it.
So there's that. And then, you know, I saw the
friend chain. I think that that announced like
in the middle of our show last week.
I forgot which day and so and so yeah, so so we're good.
We're good on that. The main ones.
We we've got the Yolo games tge coming this week on blast.
We'll see what kind of liquidity injection that is.
We're seeing more gamify on blast spin up like there's this
new balloon game blast balloon and then blaster the the the
minting platform. They just announced like a new
jackpot game. So it's the game will fight is
really ratcheting up here with a few weeks left to go.
All right, well, listen. We'll we'll see what happens on
blast site, but definitely pay attention 'cause this is the
month and 16 days left.