Yo-yo, what up? What up?
Good morning. Morning.
GMG. Yeah, Wednesday, Wednesday,
April 24th, 4/4/2024. Wait, wait, Today's date is
like, cool, Hold on. It's like 424.
Yeah, it's 42424444. There you go, Matt.
It is fucking snowstorming right now.
I can't. I'm sorry.
One second. I I cannot because, as you all
know, I mean, I I have a big ass window here while you're on the
homie snow. It would dox if I turn it
around. So I'm not going to dox where I
live, but I am just overseeing. Like I went to work out at 9:00
in the morning. It was black inside the gym.
There was no like son. No.
Brother, brother, I I was going to send you a video actually it
was black. I had to turn all the lights on
at Max inside the gym it was black.
It's like night time and now I'm I'm it was raining which is
fine. It's April and now and it's like
big ass I'm on the 9th floor. It's big ass snowflakes.
It's bro. Come on, man, I can't catch a
break. April, man, late April.
It's raining where you live in late April.
You got to move. This is like, this is what
you're giving me. It's like Life Alpha.
Like that's like Life Alpha. I had a mentor one say like the
second you make any remote amount of money, like you get
the fuck out of a cold place. Like why would you want to put
yourself like? I told them one day, it was like
net at 45° like you. What are you fucking doing?
Like what are you doing? Where would you live?
It up places more -45° if you have any sort of money.
So. So there's there's alpha in
there. Study, study, study.
Mental health correlated to weather of where you live.
I think there there's a direct correlation, right?
Surely I'm no doctor, but sure. I mean Amanda was like smiling
every day, even when he's not happy.
Smiling motherfuckers lives in Portugal, you know and you see
OV he smiles only the days where it's sunny in London.
So that's like 15 days a year, but at least those 15 days, you
know? Look at him, look at him.
He's sunny in London, isn't it? It we had like an hour of sun
today, so yeah, So yes, that's enough.
That's enough. That's enough for London for the
week bruv. Like see you on Monday anyways
42444444 with Justin Trudeau throwing 4 signs at me this
morning but anyways. And the market.
What's going on? Why are we going to 0 anyways?
We should talk about this in a second.
Today on the show. Today, today, Daily Market
report. Dude, like, what's going on with
like, Turbo Racing to 0 right now?
I mean, America, the burgers. It's.
You know what? It's because Sims yesterday said
something in the studio after the show.
He said the burgers are finally in line.
Sims, you jinxed us. You jinxed us.
America is still selling. America is definitely still
selling. Amanda Sue is picking up.
It's so funny. Bro.
Babe, are you looking outside? Jesus, dude, I got to send you
guys a video. This is this is insane.
I mean record. Oh, I can't take a video of my
phones on the show anyway. Sales show, daily market report,
and we'll talk about. I mean, when Sims did the show's
topics, it was 66 and a half, 64 now, top 100 gainers.
Losters. I saw some H bar news or
whatnot. I didn't even know anyone.
Does anyone news header is Dara. For some reason they're
everywhere. They were all over Davos.
They were all over on the Black Rock news, etcetera.
I remember there was a whole Dara house in Davos on that way,
Mando. They had a huge partnership with
some big blockchain. I forgot which one.
ETFC. Third day of inflows.
I'm not sure about that anymore. Meme coins.
I mean memes. Memes, Memes again.
Yeah, meme coins. Just going crazy.
Had that res thing. That was insane.
REZ. We'll talk about that.
Maybe they should have hired someone to do work on those
tokenomics. You had some crazy you have CZ
sentence. Prosecutors wanted him three
years in jail. You have Duke one.
You know more than that obviously.
You know 4-5 and a half billion dollar fine.
And then you had the whole Polymarkets intern stuff, Yes,
on the on the channel, on the timeline, which was hilarious.
That was great. So all its beam and dreams, I'm
sure we'll talk about retardio because that was tied to that.
And then hot NFTS, big squiggles, big big big squiggle
sweet and a bunch of stuff on that front to talk about as
usual. As usual, this show is powered
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And guess what? The film dot IO people aren't
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You guys have heard that name a lot at this stage.
If you listen to the show daily and as usual, we are live on
both video and audio. I'll be sharing the broadcasting
and a hot second here. And without further ado, let's
get right into it. Daily Market Report brought to
you by Rogue Radio. What's the word?
Yeah, traditional. Markets are pretty strong
actually. We had a really good day
yesterday. I think stocks were up about 2%
and we've had a we had a decent ish start today and NASDAQ is up
0.60 point 7%. So things are definitely
bouncing a bit in Tradfi markets.
Crypto was strong. I don't know what's happened
here, like I trying to read around to see what's happened in
the last few minutes or so, but you know, we'd hit, we'd hit
like 66 point 5K in Bitcoin. But really the big move was in
altcoins. Bitcoin dominance dropped from
about 55.6% all the way down to 54.5%.
So it was a big move lower in Bitcoin dominance to the tune of
almost one percentage point over just 24 hours.
And Heath was up, Soul was up, memes were up a lot like Pepe,
and we're both up about 2030%. You know, I think part of that
is because of this Coinbase perps listing, we we saw Pepe
rally on that yesterday and Whiff is supposed to be listed
on that tomorrow. So we did see a good run on
those, and the memes set to kind of felt buoyant again alongside
altcoins. But yeah, in the last five.
Or 5 minutes, yeah. Yeah, bitcoins dropped from, you
know, it's 64.9 K now. Like, I don't know.
I don't know what's going on. Just like leverage hunting, I
think like liquidations. Are really?
Yeah, like they were very tight around this level.
If you've been looking at the last few days around this 66K
level, the liquidations have been really tight.
So I don't think there's anything macro or even specific
to crypto that's happened. I think this is just, this is
just people trying to liquidate these really tight liquidations.
There were quite a lot clustered around 65 K and quite a lot
clustered around 67 K and I think I would be very
unsurprised if we even hit 67 K like, you know, just to hit both
sides like it doesn't. Not much has been happening
actually, in terms of like news for crypto at least.
Yeah, I don't know what's going on.
I thought you guys talked about the leverage tightness yesterday
on the show, but maybe it's just a regular shakeout, right?
So probably a lot of these in the bull market and we'll see
what happens there. But I don't know.
I don't know. Ethan's 3190.
I mean, it's 32, Swan's 153. Bitcoin's 65K.
Lads, it's over. Pack it up.
You know, I'll see you next. Next round, I guess.
Next cycle. I hate to figure out my lights.
My lights are not working either here anymore.
Jesus Christ. Nothing's right.
It's it's like it's like snowing here.
I sent you guys a video by the way if you guys want to look
what I'm looking at. But it's it's pretty, it's it's
pretty grim out there. Mando, what are you seeing, what
are you seeing on on the market level?
You were saying it's just like maybe a little shake out.
Are we still bullish or or or are we are we selling in May and
going away because May's around the corner, May's here?
I'm super bullish right now, super super bullish.
I think you'd be mad to not be bullish with this sort of
beautiful retest and low leverage like just everything
set up for I think a very, very strong period.
You had inflows again on the ETF yesterday.
Yeah, I'm, I'm super, super bullish you.
This doesn't even feel like that that crazy a move to me.
So yeah, I I I wouldn't get shaken out by this.
At least I haven't seen anything specific to crypto.
This feels to me like they're picking up levered longs and
then they'll probably do the same tomorrow on On The Shorts.
I'm looking all around and seems like seems like there's nothing,
you know, nothing, nothing just as good as business as usual.
We did have a huge run on Memes OV.
I saw you write quite the thesis this morning.
I say, so you start off like Giga Bullish and then it turned
out into a bear thesis and then you have to say yo, they didn't
mean to go bear, OK. But but do you want you want me
to elaborate on that because it was actually it, it's actually
quite a good thesis. I was talking to Wiz I think
this morning about pep and whiff and I was like, well, if I had
to make two comfy beds when it comes to meme coins, I'd
probably pick those two because it's just like if I had to like
pick two memes, go with size and see you in like December, that's
what I would do. When in terms of two, like in
terms of comfort, it seems like those are the two that you're
talking about saying they could rival ship indulge.
You have the perps that opened up.
You mentioned that this morning is doing pretty well.
Do you want to elaborate on like that thesis of what you think
could happen here? I just think memes this cycle
are what NFTS were our last cycle and I just think that's
the casino that's where everyone wants to gamble on.
There's way less friction gambling on memes than the where
NFTS and you know we've we saw a little bit of a an alt bounce
yesterday, right. And the things that were up the
most were meme coins and that's now happened multiple times and
it's not like it's not like 2023 where we had the Pepe run and a
bit for mean run and then everything and everything I was
back and everything died. I think the meme cycles and
seasons or whatever you want to call them a persistent in this
cycle. So I think you know with I think
Coinbase listing Pepe and with in terms of futures hopefully is
a foray into them being listed on spot which we know opens up
to a whole new retail consumer base or investigate the web for
them. And if you remember last year or
last year, last cycle I think it was ship.
Ship got listed on Coinbase and then it did like a 10X from a 3
billion market cap to like a four 40 billion market cap after
the Coinbase listing. So that's the kind of stuff that
we're like looking for and hoping for this cycle.
So yeah like you know a a Coinbase spot listing for Pepe
and with I think would be massive and something like that
would just lift the entire mean market.
I I really think it would. I think you'd just see a
situation where there'd be tons of memes, all these memes that
are now like 200 to 400 million market cap.
I think they could all be like a billion plus.
And I think just any me, any half decent meme that comes to
the market would could easily trade like 1500 million without
like much effort. And that's probably the point
when things start to get a bit frothy and you know when people
when there are like loads of multi millionaires on WIFF for
example and none of them have taken any money out yet.
And maybe with set like A50 million, $50 billion market cap
and everyone was like oh I'm holding out for 60, I'm holding
out for 70 or I'm holding out for 100.
Like inevitably one of those milestones never actually hits
and it starts going lower and people hold on and they're and
they're stubborn and then they buy the dip and then it goes
even lower and they're like they still hold on.
And then eventually there's one time where it just doesn't
bounce back and it just keeps going lower.
And like, yeah, for now like the strategy of holding and not
selling and buying these dips have has been working well and I
think it will continue to work well.
But at some point the music stops and it's just about trying
to identify when that point is. And believe it or not, only a
minority of people will actually be able to successfully sell and
identify that point. Most people will just still be
like perma bullish and just round trip.
And so I think, you know, it's the same thing that happened
really on NFTS really in 2021 and to be honest with you on
probably shit coins the cycle before and it just always does
happen. Like, I think people will make a
ton of like paper money and be worth a ton on paper unrealized
gains. Not sell, not sell anything.
When it starts going lower, just be like, all right, it's always
paid to huddle. I'm just going to keep huddling.
But there's going to be that time when it just turns and it
keeps going lower and lower and lower and then you end up round
tripping and you. Know.
Wherever you get out is wherever you get out, whether it's a
small gain or a yeah, like everyone's been there too.
Like even, I mean even we even though I've been there and even
though we like made some money like on apes or whatever and
selling them stuff. But there's a ton of stuff that
I just bag held all the way through 2022 when I should have
just sold them. And you know, not only sold them
in 2021, even sold them when they were down another 50% in
2022. Like people just find it in your
head, you're like, oh it's down 50%, like why would I sell here?
It's going to go back up. But I think we're far away from
this point in time and it's usually like first cyclists that
make this mistake, which will comprise a lot of the people who
are in these new moon coins. I think, I I do think that, but
I think we're not that close to that point.
I think we're still far away from there.
I guess I was just trying to think out.
I was just trying to play out in my head like what happens next,
what happens next. And then I kind of got too far
down the line. No, that.
I mean, you cannot. You gave the whole cycle like
it's not they turned bearish. It's like there's going to be a
cycle. I hate saying there's going to
be another bear. No, no.
Perma bear. A perma pool.
Sorry. Shit.
Uh, oh, uh, oh, Perma pool. Oh, we get out of my head.
I'm just. I'm just playing.
But we still have time because Capo is not tweeting anymore.
So. So we'll see.
Let me just post this up. OK?
Sorry. My Internet went off for a
second or something. I must have kicked something.
But we're still back. We're still back.
Look, it looks like we had a little bounce a bitcoins back up
above 65 K on the news that OB was talking about meme coins and
all that good stuff. And that's right.
Listen, man, I'm actually cursed on your thoughts.
Another convo I was having this morning in the chat is the urge.
You see a case where Bitcoin Turbo Sense and the rest never
catches on or does not catch on the same way that the the
Bitcoin does. Yeah, of course.
That's what's been happening. Like, isn't that not?
Yeah, that's the case right now. But what do you think 'cause we
we always seems to say, oh look like ETH is still far from the
Ath, so long is still far from the H Well, someone has broken
it technically in terms of like market gap, like Bah Bah, like
all these coins are still not recovered but like.
I think it's difficult to pick ethol and BTC because I think
they will have. Adoption, well, the rest of the
market. People are actually using them.
So like, it's always different. But like the the reason why this
is different to the last cycle is this Bitcoin LED.
Like there's nowhere near as many people here as there were
in the previous cycles, right? We all know it, we all feel it.
There's just not as many people. It's not got like all your
friends getting involved yet by any by any means.
This is basically been Bitcoin going up and then the the funds
from that have been divested into different things and mean
points of because of I think Tokenomics and also just the
degeneracy of all people have like gone to them.
But largely the old coin market's been left behind in
this fucking thing like why would you, Why would you get
involved? So yeah, I think, I think that's
exactly what's happened. Bitcoin, as I said, yesterday's
outperformed pretty much everything.
I think that could easily continue.
If you're going to buy an altcoin that isn't Bitcoin, you
better hope that it gets adoption very, very quickly.
Or it's like a genuine 10X. Not like like Ovi took the piss
out of somebody yesterday on the timeline being like when the
bull market comes, we are in a Raging Bull market, Raging Bull.
If your bags are not pumping, that's because it's not part of
that Bitcoin waterfall. True, and probably won't be by
the end of this cycle. So like, Bitcoin is seeing
massive inflows. I think Bitcoin could go to
150K200K this cycle, probably even higher.
That being said, like, I think a lot of altcoins will be left
behind, A lot of sectors will be left behind.
Unfortunately, part of that is also NFTS that just haven't
really cottoned on this cycle. And yeah like a lot of altcoins
a lot of like different narratives are just like and the
easiest thing that people have found just because of the
tokenomics has been meme. So the meme coin super cycle is
also related to the Bitcoin super cycle.
We said yesterday that Bitcoin is the original meme like that
is that is kind of it's all related to it's all like one big
waterfall so to speak. But I think, I think a lot of
people are going to be disappointed if you're if you're
sitting there waiting for the bull market.
For your coins right now, that makes sense.
I mean if your coin's not pumping on these new like today,
it's always a good time. I saw you know what I saw I see
I I quite like following him as the crypto dog this like big
trailer on timeline. You probably, you guys probably
know of him. I think he's based in Hong Kong
actually. But he said with both and mew
pumping, I guess I've gone full meme coin.
At a certain point you just give in.
And I love that. It seems like it's either people
are like majors, like BC Soul, whatever, or people are like
fully, like move their alts positions and meme coins.
And we've been saying this for a minute, like how we're seeing
the switch of like alts to like meme coin positions.
And I feel like, I mean, I don't know about you guys, but I
don't. Do I hold any alts?
I don't think I own a single alt.
Do you guys have any alt positions?
I mean, you were big on Pendle man, though.
He cooked that. Yeah, I it takes me a lot like
Pendle. I genuinely thought was the 10X.
Oh, you. Destroyed me.
That was beautiful, but. But I think it's very, very
difficult to pick to picture that for a lot at the moment and
I think, I think. I.
Think you'd be surprised at how many people are in like,
altcoins? Like, yeah, people are throwing
in the towel, but like, there is still big old coin bags, right?
I wish there was a chart or someone, if you're listening,
that has made it. Wouldn't be surprised that has a
rotation from Alt coin like the altcoin market.
You know the -3. What is it called the crypto 3
that they the total three right? Total three right chart versus
like the top new coin charts or like a flow I saw.
Remember there's a website shows the flow from like arbitrary to
base. So long I mean it would be it
would be a ridiculous chart. I think you there is one which
shows different sectors and the mean coin sector is up easily
the most so far this year. But yeah, total 3 which is like
the. Total three, yeah.
If it was total 3X memes. Oh my God.
Like that's. I'd love to see a total three XX
memes a thing here because I mean when I look at the market
this morning, it was all like Pepe Whiff, Mog Boden Popcat.
I mean we talked about it yesterday.
Popcat went fucking berserk like there's there's there's
obviously MU. Then you have all these like
Asia Cat coins that came out of nowhere like manekee.
We didn't even have it. We talked about yesterday hit
$150 million this morning. So it's it's it's it's really a
it's really a a meme heavy market here and that's that
that's just how it is. So I didn't pump in my bags,
just literally a fact of the matter here and what's going on.
So that's what I'm seeing on that front and then and then
that's buzz that. But anyways, I think that's
enough for meme coins. And of course, quack then.
As long as you Mando. I didn't know you opened the
duck shop in Montreal, by the way.
I was walking yesterday. Was 18.
People have been showing me like there's so much in real life
duck stuff, that we don't even know.
What's it called your brain when, like when you see
something, you start seeing it a lot?
You know that. There's one in London, there's
a, there's one in Amsterdam, there's.
I'm pretty sure there's like a load load of them around so
they're everywhere. And then yesterday also someone
posted me that. That like in Charles Charleston.
Yeah. Yeah, Where the beeple thing is,
there's going to be some sort of like duck race.
Like there are regular duck races, which again like wasn't
aware of, but but now I am. Now I see ducks everywhere now.
Yesterday I was walking around the old port Of Montreal.
I saw that store, but also it was like the 20°C.
It's I think it's like a snowstorm.
I have a plane to catch later. Jesus fucking Christ.
Sorry. Anyways, I saw a duck.
Poor duck was waiting for the water in the fountain that
usually ducks had in the old port Of Montreal.
He was just there on his own quacking chilling.
So I I see them everywhere. Now.
I see them. I see them everywhere.
Anyways, UPS next. I mean Ovi want to talk about
this. Yesterday you say everybody used
to get punched in the face one time.
Did you mean like hypothetically in the market or like punched in
the face? There was not a market comment,
it was more just a comment about life really.
Do you? So would you punch me in the
face? I said.
Because I answered, I said. All right.
Want to punch me in the face next time we see each other?
You fucking punch. It can't.
It can't be me. It just has to be like, can't.
I mean, I guess it could be someone you know, but the whole
point is it should be, it should be a surprise, but doesn't have
to be a surprise. Like, even when you get punched
in the face and it's not a surprise, like if you're just
sat in, you're just standing there like punch me in the face
and someone punches you really hard, you're still going to
like, feel that. Right.
I don't know, man. I can tell you the few times
that I've gotten liquidated definitely felt like a punch in
the face. But I know what you mean.
I know what you mean. It's not a physical literal
punch your face. Anyways, in other news, what?
So just follow this Rez Tokenomics Renzo the tokenomics
FUD. Which is obviously like, I get
it, sorry to get it. And then you had like a DPEG
gang, so it says, oh whoa, this is pretty bad form from Renzo
Protocol. First, a large portion of the
tokens are going to investors and teams.
Second, looks like they're trying to skew how bad it looks
with the design of the pie chart.
Notice the bottom half is 62%, whereas the two 2 1/2 percent
appear to be about 25%. I mean, who which designer made
this pie chart? Like like the 2 1/2 percent on
the right side right here are lay the same size as a 20%.
Like, if you guys like, can one of you two like shed more light
on this Renzo protocol thing? This is hilarious.
Yeah, so this is, this is just another liquid staking protocol
which, you know, it's like a there's a bunch of them now
launching. It had quite a decent amount of
TBL, I think something like two or three billion of TBL.
So and it was going to launch on Binance.
And this is just like classic bull market tokenomics, right?
Like you can get away with this sort of shit in the bull market.
You can't really go right in the bear market.
People got pissed when this came out because they realized they
weren't going to get as much and they basically withdrew and sold
their staked Renzo ETH and that caused the DE pegging versus
normal ETH. That wouldn't normally be an
issue but you tend to find that in order to like farm points a
lot of people deposit the staked, the staked assets in
different protocols and they borrow against it like real ETH
and when it de pegs which it did by about 50%, they can get
liquidated. Oh a bunch of liquidations
happened across across D5 yesterday.
This is what people have said is like the one of the main risks
of of restaking and staking protocols is that this when
these assets depeg from the asset that they are meant to
follow, often it causes massive defy liquidations.
Like if Lido ETH for example, which is easily like the biggest
staking protocol. Or if Eigen layer.
Like if those assets were to start de de pegging at any
stage, then the assets themselves are often in like
tons and tons of different DEFY protocols and that that then
could cause massive liquidations across the board.
Like we've seen this a few times before, like this has happened
before. I think Lido even depegged for a
short short amount of time in the past.
So yeah, people got pissed. Jesus Christ.
This happened on didn't happen on Solana, it happened on
Solana. Do you remember like a while
back one of the projects? What's like the main?
I think it was Jeeto or one of one of the main assets depegged
and a bunch of people who are doing this loop where they were
getting farming points on the various protocols.
Do you remember OSF? I think you had some like
deposited in the actual thing that was being looped and then
everyone got everyone got liquidated.
Anyway, this is super common. This is.
Super common that people basically loop these assets to
make more points on different protocols.
And this is the risk that there's no, there's often very
little liquidity for the staked asset.
So Lido, despite Lido Eve being a huge market cap like it's
traded very, very little. So there's and there's very
little liquidity and that's the case for a lot of these stakes
stake assets like the LP's are not that big.
So you can get these huge huge jumps.
So yeah, that's that's actually really freaking wild.
So, I mean, sucks where people lost money in there, but it's,
it's comments so funny. But it's it's definitely not a
great situation to be in. Maybe if we're planning on
working on Tokenomics, haven't checked multiple times.
And maybe I feel like a lot of the recent points programs were
like, like, is it me? Or like everybody's lying about
their points programs to the communities and stuff.
Like everybody keeps saying like how much community's going to
get and whatnot or making it seem like making people farm for
like, absurd promises. But the last few, like it's not
the first time, the cycle that I see people like completely like
just disappointed about the outcome of their farming is
that. Yeah, I think it's it's a crypto
thing. I don't think it's going away,
let's be honest. Like points as a system allow
you to kind of do a token without doing it.
But yeah, like people have now tried to reduce their points
times like they were months. Remember, the original Blur ones
were like months at a time. They've still managed to keep
hold of doing it with Blast for for a few months obviously, but
most others are are reducing the time and people are getting
disappointed with it. But.
OK, well there's that. In other news, CZ4 Speaking of
444 or 424. Four U.S.
Department of Justice seeks 3 year jail sentence for former
CEOCZ. Citing Champeg Zhao's willful
violation of U.S. law, the TLJ recommended a harsher than
expected for the former Binance CEO.
What do you guys think they're really going to send him to jail
for three years on top of fining him $5 billion?
He has thinks there's a world where he spends three years in
jail. I think that's what they want.
That's what they want. Normally you come somewhere
between what they want and what the defense wants.
I think I've heard originally it was going to be like 18 months.
Yeah, he. Was in jail.
He's going to jail. It's just about how long it
might be three years, in which case he probably spends, you
know, 18 months in jail and gets out.
Let's see. But like, I would be super
unsurprised if he goes to jail for like one to two years here.
Yeah, I mean. He's definitely going to jail.
Well, no. In six days 4 Free CZI.
Don't you guys like CZ. I fuck with CZ and shit.
You guys, he was a He died for our for our cause.
He didn't. He didn't actually die, but.
Yeah, I know what you mean. He took one.
He would, he would, he would take a bullet for the company,
for the, for the, for the, for the thing.
I mean, shit, $5 billion and three years in prison.
That's that's crazy. According to sentencing memo
filed Tuesday, lawyers for Department of Justice recommend
that the court impose an above guideline sentence of 36 months
of imprisonment settings. That was willful, a violation of
U.S. law. Stephen Graves, right to crypt,
the former Biden CEO, had gambled that he would not get
caught and that if he did, the consequences would not be as a
serious crime, the DO JS lawyer argued, and that Biden's Wild
West strategy of failing to comply with the US anti money
laundering requirements had made Zao one of the richest people in
the world in a celebrity in the crypto industry.
I guess we'll see. I mean, that's what you're
saying, that the 18 months was the first original
recommendation Mando. So it looks like they're like
going above to try and get him in there for for for, for
tourists. In other news, this is one
that's worth. What do you think?
That the US aren't going to jump at the chance to put a Chinese
national accused of money laundering for billions of
dollars in crypto in jail for as long as they fucking can.
That's. Their Olympics?
No, that's their Olympics. Yeah, they are chomping it a
bit. That is their Olympics.
The the DOJ's Olympics is to put Sao as much.
I mean you put it in perfectly. Chinese national crypto in the
US anti monitoring laundering thing blah blah blah there.
This is literally their, their, their, their.
Anyways, in other news, SEC suggests $5.3 billion fine for
Duquan. I mean I don't even think
Duquan's got 5 1/2 billion dollars left.
What do you guys think? Shit.
If anything, this guy should be in fucking jail in the USA for
for 30 years, you know what I mean?
Yeah, so it's it's against him and Terraform Labs of.
Course. So it's building work going on
outside. Yeah.
They have a lot of money, man. They they, they milk thing.
Oh yeah they did. Well, don't don't you worry
about them. So, yeah, I think we'll see.
I don't really know like he he, he, he is he getting extradited
or not? Like I remember he's in
Montenegro now, but he's, I think they he avoided being
extradited to the US, so he might get extradited to South
Korea. That's crazy.
By the time this is all done, this guy's going to go out clean
and he's going to be chilling somewhere on an island by
probably in Dubai. Habibi.
Did you see the update of that Z Casino thing?
So what happened? We wanted to talk about
yesterday because there was a death threats, right?
Like there's a hit on the guy. So what's the update?
What's the latest? Jeez.
So a couple of things have happened since then.
So these people are seemingly they are based in Dubai.
They are 100%, the farmer guy from Blur said.
They're based in Dubai and he's going to help putting them
behind bars. So I'm trying to find it but
some. Of the Supreme, right?
The Telegram chat. That's the update you're talking
about. Yeah, let's read this.
This is this. This is so Black Dragon appear
to be ABC fund based in Dubai. Let's.
Here yeah regarding recent drama with Z Casino.
Who is who scammed their investors for $35 million?
We wanted to invest some months ago but skipped it to Z Casino
team going nuts while we were doing basic due diligence to
protect our members and investors.
Check the screenshots below between our deal maker and their
team. Don't forget to take your
popcorn and I Let me tell you something.
I wish I had some popcorn at home when I read that last night
Mando, because holy shit. So basically the team member of
Black Dragon said, guys can you send me your Linkedin's?
You know docs Are you docs? Can I find anything online?
And this guy goes LinkedIn. Really bro.
Which he goes, what? No, we're not docs.
Then he goes, well, will the staff be signed?
By who? By me.
So you'll dox yourself and give you a quarter $1,000,000.
He goes, that's fine. But not publicly to this point.
They're OK with it. And then one of them promotes
this goes a quarter $1,000,000 isn't even the house.
So. So you're sticking it to him
Like yeah, like everything. You are just giving us quarter
$1,000,000 not even 108th. At this point bro is talking
about like 20-50 kids. Like what the fuck Where though?
This is absurd. Keep.
Going keep going, he. Goes so the the dev, the ape
guy, the scammer guy goes bro is talking to to his potential like
Thunder right? And he goes quarter million.
Holy shit. Makes fun of him.
If your dad's kids all about it, just skip it and Julian goes.
Keck, I'm just going to mute this screenshot.
Doc's obsession. LinkedIn.
LA, LA, LA. What the fuck is going on here?
That's two flights in New York City and back.
So they're basically like making fun of the Black Dragon guy for
requesting something basic when he does his DDI.
Mean what today goes? Talk to us when you have some
money just past we have enough demand.
Don't need to deal with just schizophrenic behavior.
Take your meds and then the other guy goes quarter of a
million is barely deaf salary and then they try to prescribe
some medication. What?
I hadn't read this, so. And.
Then Philip goes to the guy who's funding.
It goes, is this a hidden camera?
Like, is this for real? And these guys goes, you should
thank OX Monkey for even considering your investment.
We don't need your money, especially if you're going to
act like that. And then there's lady making.
They're just hammering it in making fun of the guy.
This is insane. That guy goes OK bro.
Thanks for your time bro. Yeah, crazy, crazy, crazy post.
And if you actually, some people have actually gone back and
looked at this guy's tweets over the last few years.
Oh, do you see the Do you see the psychopath test?
Dude, he's he's been tweeting out some wild stuff over the
last few years. I took the test yesterday after
that because the test went viral.
So basically there's a there's an old tweet from him bro, that
he took a psychopathic behavior test and turns out he's like,
fully psychopathic. That's the one Dees posted.
I'm trying to find it through Dees's page.
There it is. So Dees took this right?
But if you click on the quote tweets of the quote tweet, this
is from January 29 when Durative's monkeys posted a test
and he's literally sociopathic that he's right there.
This is the population average. And he's right there at the top
of He's really at the top top top, top, top pico, top of in
between sociopathic and psychopathic.
That's the guy who rugged 35 mil.
Yeah. Anyway, the other thing is that
the Chinese whales apparently have hired a hitman.
I saw that on CB BS page and and he says if you're a Dubai
resident have been scammed by these $1.7 million Jeets, send
the DM willing to help as much as we can to send subhumans to
jail in Dubai and and it looks like he's he posted something.
It's gone. I I you just.
It's. It yeah, it's here.
And so they found him. And like, there's literal.
Like I don't. Yeah, they found him.
This is they posted his passport
and shit. So this is not US doc scheme.
He's lady posts on the timeline everywhere.
But let me tell you something, he really posted a screenshot of
a chat from Chinese whales saying that there's a hit like
it's pretty bad. I dude like I the.
The funny thing is, he could just walk it back.
It's not like the funds have gone through like he's been
tweeting he's just deposited the money in Lido, right?
That's all he's done. But everyone's like the Skagit
rug. Like, clearly that he's not
building anything. Yeah, I think you should just
give the money back rather than than like face a hitman squad
from China, like that guy that I just saw.
That's not like the sort of guy that's going to deal well with a
hitman squad from China. And I don't condone any of this
shit, but maybe you don't fuck around and don't find out like,
I don't know, it's dude that's crazy.
Anyways, last thing before I go to our film dot IO fam here, Did
have you guys followed the retardio saga with Pulley
Markets? At this stage like we we've got
to assume it's fake, right? But even if it is I.
Don't think it's fake. I do not think it's fake.
I. I so I am like torn because
every time I read something like this is real.
But then this is fake. Whether it's real or fake is
genius. I mean the the the the polymark.
It's just the right guy's tweet in like 2 hours of polymark
intern gonna race Rachel Frank badly terminated him, pumped the
company valuation like 10X, pumped the retardio bags
astronomically and pulled off one of the funniest I OPS ever.
Not only that, he also made like $300,000.
Yes, I think the Retardio founder gave him 300 grand,
right? Yeah.
So it's martingale and Hugo. Martingale and Hugo, it's let me
finance Hugo. So for those of you not
familiar, so I think he tweeted from the company accounts of
Polymarket, something retardio like his I guess it's a like
Emilio, like people have been using it quite a bit.
It's also shit corn. Also the retardios on Solana
have been pumping like crazy and the ruins and this like it's
actually been a growing ecosystem, part of the whole
Emilio family, whatnot that's been really doing really well.
Actually for what it's worth, probably one of the only
performing NTS in the market at the moment and shit coins and
then and so I apparently this so do you think this is real like
the Suzanne? So there's this Suzanne lady
ahead of HR that sent them a letter saying that he was fired.
And then they put out a public statement on the Polymarket's
account saying, you know, they apologize for the term and
stuff, but you're you're really saying this, this is it
regarding the recent Ricardio incident and they put out a
whole statement. I think this is real, I genuine.
I think Polymarket is probably. They're probably freaked out
because they're probably doing XT rays and or a token soon of.
Course they. Are probably all extra high and
they saw this and we're like you, you know, like we need to
save this. This isn't part company policy
like I reckon. I reckon it's real.
This is a good time for us to launch ours.
Damn. I'm just saying you know it
would be really cool if there was a Poly a prediction markets
built on top of decrypt anyways so a note to our community.
Apologies in action regarding with Tardio incident one removal
of tweets. The offensive tweets containing
the appropriate language have been promptly deleted from a
Twitter account. Intern dismissal.
The individual responsible for composing and posting a tweet an
intern with an organization has been relieved of their duties of
Polymarket. We recognize the gravity of
their actions and the importance of accountability and 3rd in
total review. So anyways they they initiated
this whole thing but what's funnier is the is the is the
ratios they're getting. So you have Rhino.
Nice work. Now 95% of the community is
angry with you instead of the loud 5% you initially caved
into. See how well that worked out for
y'all and stop this woke bullshit.
Stop being whatever you do understand your customer base
right from even Polygon bruh. I think the anthem goes in.
Has the intern been hired by someone else yet?
Monad goes in. If this isn't their Internet
siping, think it's fair to say he's hands down the grist ever
doing Brian. Shit, Brian.
Due to the dismissal of the Poly market intern, I will no longer
use Poly market or refer friends to use Poly market Intern was
your greatest asset. Don't worry Brian.
I got one comment for you Zach. Well, what?
No fucking way. You find the industry's best
intern to ever log into this hellhole.
Oh my God, Lawrence. I mean, everyone on CT went in
and then trading Axe. So that's the guy, right, Mando?
Trading AX, said DM. I'll send you half $1,000,000
right now if Elon can't pay N words being sued for free
speech, I can pay N words to keep up the free speech spirit
too, blah, blah, blah. Any in turn 5 for Richardi
Rodardo will you'll be reimbursed.
I mean, this is so funny, man. Like, there's you guys think
this, this, Oh yeah, this is this is real.
I think it's real. I mean, shout out to him.
Shout out to Hugo Martingale. He clearly one of the best to do
it, I guess, and has brought a lot of attention to himself and
to everybody else that look at this.
That's a marketing stunt. That's absolutely a marketing
stunt. Is it seems?
Like they would have if if it was fake.
They would have removed his badge from the Twitter thing.
Susan from HR is the biggest fucking meme on the Internet.
This is an absolutely. There's no way, yeah, there's no
way she's the actual no HR person.
There's no way possible, and the fact that they're using the word
as well in the PR release, like the if they're against using the
word, fine. But the fact that they used it
three or four times in their actual PR release, this is the
greatest marketing stunt of all time.
This is brilliant. Yeah, I really think this is
bullshit. Thought it was real and I'd have
to agree. Like Suzanne from HR, like
Suzanne from HRI mean even us like we we make jokes internally
by HR. Like HR is a Bernie's our HR at
Rock Radio. Like he posted, a picture said
he'd been logged out of the account.
It takes one Click to remove the badge off somebody and it
deletes the badge like they haven't done that.
I think this this even might be like, oh good, I don't know, an
actual account that Polymarket's running and maybe that's their
like, social quote, UN quote, pseudonym if you will.
I mean, this is so funny. Important Intern sync?
Acceptable use of language. It's absolutely a market instead
of it's brilliant, It's genius. This is.
But he got 503. He actually accepted.
If it was a marketing sound, why would he accept 300K?
He might not have done it. Might be because it's pump in
the bag. Maybe they're all maybe it's
like, yeah, we'll go with it. Shit.
Or might donate to. Terry, after way to I got trying
to pump ricardio right. I mean Ricardio.
Ricardio pumped like a lot yesterday.
Like 5. Yeah, exactly.
I I just like. He wouldn't have accepted the
300 K He would have been like no, don't worry like.
Is his name like, does it mean anything?
Like if you actually Google Hugo martingale, is it like, AI don't
know, like an anagram or something?
Or does it mean to do something else?
Is it actually like, is all this a big style?
It just feels like a marketing stunt to me, but it holy shit
it's a good. And if so.
It's amazing. I mean, that was yesterday's
reaction to, like, what happened.
So it's it's just what I mean obviously there's been a retrace
since, but this big ass green candle here, like this one here,
that was it. It went 23 it wicked up to
43,000,000. I wasn't this coin for a hot
second actually early on, but this this is wild.
So that was that was the big news yesterday.
I I I love this timeline. I I I have to say, I I love, I
love this timeline you guys, this is just like every time.
There's just so much stupidity going on, but at the same time
so much seriousness and it's just freaking hilarious.
Anyways, that's about and then the other news quickly before I
go to film dot IO here had a huge harambee buy from a wallet
that has $16,000,000 in there. I saw Mando post about it as
well. I'd seen this from our chick.
And then that wallet has like, what, 10 million of whiff Mando
and like 6 million of another token like Boden Boden whiff
like $16 million. They have like $17 million of
different meme coins. They bought 800 grand of
Harambee yesterday. That's crazy, I just think.
And then there was a big Bloomberg article which a lot of
people posted yesterday, which is talking about how all the
major hedge funds and VC firms are trying to move into meme
coins like they're throwing in the towel.
I I think that you're starting to see that there have been
funds playing this game for a while.
Oh yeah, they definitely have. And then last but not least,
there's a fantasy top TVL that passed Frantex.
I actually signed up to the heroes thing yesterday OV just
in time. I think Deadline's like 40
minutes, so shout out to you for reminding me.
Something you're supposed to do to do it.
Yeah, you and you and you. Mean you signed up for Fancy
Top? The Heroes thingy.
So I signed up. Mando, you should sign up.
You have 40 minutes. It takes 5 seconds.
It's free and you're going to get free money.
Oh really? How do I sign up?
Did we invest in that, Alistair? I think you did.
I mean all this photo is on the on the cap table.
Oh, right. OK.
We did. We got we got N smalls.
But you should still do this. I do fantasy dot GG no.
No, no I'm sending this to a text, but do it now.
Careful, careful. OK, what's definitely not fancy?
Not XXX. Yeah, well.
I was I was trying to send him a draining link so I can take it,
but I just sent it to you bro and when it goes to post on
Twitter, just close. Them.
My apes are gone. Make sure you do that.
Make sure your apes are gone. By the way, that D Gen.
We're not going to post about that D gen's intern tweet
yesterday. Huh.
Be. Sure, that.
Because I knew I was fucking a liar, OK?
Let's talk about it. Let's talk about this quickly
and then I'm going to move on here.
But yesterday was the board apes turning 4 three.
Sorry I when your intern is an animal though and I see this on
the timeline was that what we? I don't know who that like.
I genuinely don't know who that was on our team, but that was
somebody. I mean one of your team members
is a savage and then do the same thing today with Cool Man's or
something. But anyways, it's like the Happy
Birthday Apes thing I thought it was.
I mean, I'm still a hate holder, personally speaking, but but
there's funny. Yeah, yeah, Bitcoin puppets,
everything. Like, guys, seriously, this
fantasy thing is alpha, because if you own like, puppets, a
bunch of Bitcoin ordinals, a bunch of Ethan FTS and stuff,
you actually get free points and look at doing good.
I'm doing it because I'm one of the, you know, because if you
are like whatever they call an influencer, I hate that.
But you have a card made for you and people can trade you.
Feels weird, but I don't care. You guys feel free to trade my
name. I get something out of it
anyways and so I I'm doing it. I'm doing it.
I'm not fading these things because I have zero blast
exposure and so I was figured OVI was like, maybe that could
be my blast exposure some. I need something you know.
It's. I think it'll be cool.
It's the reason why it's it's got so much, so much ETH on it
is because it's one of the largest receivers of blast gold.
We were we were talking about the other day and so there's a
lot of there's going to be a lot of blast gold up for grabs for
using this. And if you if you bridge ETH,
now they have this thing called fantasy stars.
So if you bridge ETH now you are able to accumulate stars until
the 28th of April, if that makes sense.
OK, so I say bridge ether just like deposit ether, whatever it
is. So that's why loads of people
just like moved their ether onto fancy dot top because you can
just like whatever accumulate whatever it is.
But I, you know, obviously be careful with the stuff because
you never, I mean. We, I mean, Dev is not from
North Korea, so we're good. No, yeah, we invest it.
But you know, things can always get hacked and exploited and so
just always be careful. But yeah, like, I think that
seems to be the game people are playing because it's going to be
a lot of blast gold up for grabs.
With this. With this one.
OK, well we can, we can get those lads on the show at some
point and see how it goes. I just know a lot of people are
are are going to play this game and stuff.
So I was like, OK fucking like I may as well get involved.
It's free money.