1 00:00:00,460 --> 00:00:05,210 Ohh yo-yo, yo, what's up? What's up? 2 00:00:05,540 --> 00:00:08,810 Good morning. Good morning, GFG. 3 00:00:13,260 --> 00:00:16,440 What did I? What day is it? 4 00:00:16,500 --> 00:00:17,970 Wednesday. Hump day. 5 00:00:18,040 --> 00:00:23,590 Happy Hump day. January 10th, 202344444. 6 00:00:23,840 --> 00:00:26,970 Look at that. Another beautiful day to have a 7 00:00:26,980 --> 00:00:28,050 beautiful day. A big day. 8 00:00:28,060 --> 00:00:34,090 Hopefully, hopefully today is the day we get a real a real 1A 9 00:00:34,100 --> 00:00:39,630 real estate ETF approval. OK, the only ETF to ever be 10 00:00:39,640 --> 00:00:44,510 approved twice in history. OK, per Michael Saylor, I got my 11 00:00:44,520 --> 00:00:47,210 co-host in the house, Joseph Meadow. 12 00:00:47,620 --> 00:00:50,190 How you guys doing today? Good. 13 00:00:50,200 --> 00:00:53,250 How you doing? What a 24 hours? 14 00:00:54,730 --> 00:00:58,480 I have to say, I had an immense migraine last night. 15 00:00:58,490 --> 00:01:01,840 Like, it was really bad. Like really, really, really, 16 00:01:01,850 --> 00:01:05,500 really bad. It's that's how intense it's 17 00:01:05,510 --> 00:01:07,670 starting to get. It's a lot. 18 00:01:07,770 --> 00:01:12,990 I I need, I I need the I need the CTF stuff to be finished. 19 00:01:13,000 --> 00:01:16,340 Right now. I needed, I needed over with. 20 00:01:16,380 --> 00:01:19,090 I I need it to be finished. I need I I'm. 21 00:01:19,100 --> 00:01:20,830 I'm over it. I'm tired. 22 00:01:20,940 --> 00:01:23,350 I wanna get. I I need this approval now. 23 00:01:23,420 --> 00:01:25,070 What is it? I need prices to go up right 24 00:01:25,080 --> 00:01:25,770 now. What's that? 25 00:01:25,940 --> 00:01:26,890 What's that? What's that? 26 00:01:26,900 --> 00:01:28,540 Pasta. I need approval now. 27 00:01:28,550 --> 00:01:34,210 Every every day. I check Bloomberg every ratchet 28 00:01:34,220 --> 00:01:36,300 prove Bloomberg ETF not approved. 29 00:01:36,440 --> 00:01:39,770 I I refresh not approve I go to sleep. 30 00:01:39,780 --> 00:01:45,150 I wake up not approve OK I go to bed I I I go I go to I go to I 31 00:01:45,160 --> 00:01:48,670 go to sleep I wake up fake tweets you know it's a it's gone 32 00:01:48,680 --> 00:01:52,570 it's gone a little bit intense it's gone a little bit intense 33 00:01:52,740 --> 00:01:56,790 here for everybody but but it is what it is. 34 00:01:56,800 --> 00:02:02,400 Hopefully today is the day that everything goes down and one of 35 00:02:02,410 --> 00:02:05,230 the last days we we bother you all and break your ears with 36 00:02:05,240 --> 00:02:07,260 ETF. However, although tomorrow we 37 00:02:07,270 --> 00:02:09,320 have a massive yes when it comes to ETF stuff so I'll be great 38 00:02:09,330 --> 00:02:11,760 because tomorrow's day that's supposedly going live trading. 39 00:02:11,770 --> 00:02:16,070 Anyways today on the show today, today and it's yes if you were 40 00:02:16,080 --> 00:02:19,600 here earlier on on the show you you heard us in the back studio 41 00:02:19,710 --> 00:02:22,090 unmuted on purpose. So you guys can hear how I get 42 00:02:22,100 --> 00:02:26,080 bullied by by Ovie and Mando everyday when it comes to my 43 00:02:26,090 --> 00:02:32,970 trading today on the show, today, today. 44 00:02:32,980 --> 00:02:35,140 So let's see what seems got for us today. 45 00:02:35,150 --> 00:02:37,540 So market report updates and moves as usual. 46 00:02:37,550 --> 00:02:41,500 It is ETF day, so exciting apparently 4-6 PM same as 47 00:02:41,510 --> 00:02:44,180 yesterday. It should be the approval time 48 00:02:44,710 --> 00:02:49,150 going up, SEC X account gets hacked, compromised. 49 00:02:49,160 --> 00:02:52,630 Yesterday we got a tweet saying that the ETF was approved, 50 00:02:52,640 --> 00:02:54,940 followed by a tweet by Gary Gensler saying that it was not 51 00:02:54,950 --> 00:02:58,050 approved, uh followed by you know went on live on Twitter 52 00:02:58,060 --> 00:02:59,610 spaces, blah blah and it went absolutely insane. 53 00:02:59,620 --> 00:03:02,800 I mean you had the the Bloomberg boys actually fell for it too. 54 00:03:04,110 --> 00:03:08,040 You had a quote tweet by Eric saying boom and I was like, no, 55 00:03:08,110 --> 00:03:10,480 I was just waiting for them to to tweet it out because that's 56 00:03:10,490 --> 00:03:13,250 like my sources to be safe, we all got fooled. 57 00:03:13,260 --> 00:03:15,520 So when your sources get fooled you all get fooled. 58 00:03:16,700 --> 00:03:20,130 NFT check-in there's an NFT another ex copy burn 59 00:03:20,140 --> 00:03:21,670 unhappiness. A lot of stuff happened on the 60 00:03:21,680 --> 00:03:24,840 Bitcoin eco Simpson node monkey like food and stuff happened on 61 00:03:24,850 --> 00:03:28,410 the on the ordinal side there's a lot happening on the NFT so we 62 00:03:28,420 --> 00:03:30,210 will do a check in because people like to check in 63 00:03:30,220 --> 00:03:31,570 yesterday so let's keep it at that. 64 00:03:31,960 --> 00:03:34,670 It was good it felt good and also talking coins getting 65 00:03:34,680 --> 00:03:39,000 boring man I love I love NFT gaming checkup gaming check up I 66 00:03:39,010 --> 00:03:41,830 saw that battle plan is live on art and there's a bunch of stuff 67 00:03:41,840 --> 00:03:43,770 happening on the gaming side. Ohh wow. 68 00:03:43,780 --> 00:03:47,270 Look at the market go OV must be Ovi is happy right now. 69 00:03:47,340 --> 00:03:49,520 Movie is happy because he is right. 70 00:03:49,830 --> 00:03:53,280 So we're gonna get to you first actually today with making you 71 00:03:53,290 --> 00:03:57,720 highest just now and special guest on the show Today we have 72 00:03:57,730 --> 00:04:02,080 the head of public policy at Ledger set Seth Heartline 73 00:04:02,290 --> 00:04:05,020 joining us. Ledger who is of course our 74 00:04:05,090 --> 00:04:08,260 title sponsor of this show formal hour that is powered by 75 00:04:08,270 --> 00:04:10,430 Ledger. And so without further ado we 76 00:04:10,440 --> 00:04:11,760 have a lot of stuff to catch up on. 77 00:04:11,770 --> 00:04:16,250 We've had a hectic 24 hours when we go to office, The Market 78 00:04:16,260 --> 00:04:20,360 report brought to you by Rogue Radio. 79 00:04:21,920 --> 00:04:28,950 What's the word? Umm yeah the the the prophecy 80 00:04:28,960 --> 00:04:33,870 was told and and now it seems to be playing out but yesterday I 81 00:04:33,880 --> 00:04:36,530 think we got a taste of price action from like the fake 82 00:04:36,580 --> 00:04:39,650 headline the whole thing was probably manipulated. 83 00:04:39,660 --> 00:04:42,400 So it's tough to really judge but what's clear is that people 84 00:04:42,410 --> 00:04:45,440 are the market is expecting a an approval today. 85 00:04:45,480 --> 00:04:48,550 They thought they had it yesterday and the price reaction 86 00:04:48,560 --> 00:04:52,490 to it is actually Bitcoin selling off and that seems like 87 00:04:52,500 --> 00:04:53,880 lots of ultra selling off as well. 88 00:04:53,890 --> 00:04:56,860 And Ed is the thing that's rallying in my opinion. 89 00:04:56,870 --> 00:05:00,200 That is what I personally been talking about for the last few 90 00:05:00,210 --> 00:05:03,090 days, which is I think once the Bitcoin ETF trade is done, 91 00:05:03,100 --> 00:05:04,440 people will go for the ETF trade. 92 00:05:04,450 --> 00:05:08,740 And you know, as we said, I think if there's tourist capital 93 00:05:08,750 --> 00:05:13,080 in Bitcoin for that and for nothing else, it's only very 94 00:05:13,090 --> 00:05:15,720 natural for them to then move to earth once that gets approved. 95 00:05:15,730 --> 00:05:18,390 So I think that's what we're seeing right now play out. 96 00:05:19,090 --> 00:05:21,220 It's a bit of a funny one because, you know, I personally, 97 00:05:21,230 --> 00:05:24,710 I thought that you would see ETH Rally versus Bitcoin, but I 98 00:05:24,720 --> 00:05:26,600 thought alts would also carry on doing well. 99 00:05:26,610 --> 00:05:29,230 But it seems like it's just eh, that's doing well and also 100 00:05:29,240 --> 00:05:31,380 selling off. So that tells me there isn't 101 00:05:31,390 --> 00:05:35,720 really well, hasn't really been a lot of new at all enter crypto 102 00:05:35,730 --> 00:05:37,280 yet. It's mainly people. 103 00:05:37,330 --> 00:05:39,780 It's mainly all of us moving our funds around for me to Bitcoin 104 00:05:39,790 --> 00:05:41,480 to Seoul. And it's just like this game of 105 00:05:41,490 --> 00:05:46,260 hot potato, which isn't really a great sign to be honest with 106 00:05:46,270 --> 00:05:49,190 you, because it means there's not enough capital encrypted 107 00:05:49,200 --> 00:05:50,780 right now for the entire thing to rally. 108 00:05:50,790 --> 00:05:53,290 It's just like different outperformance at different 109 00:05:53,300 --> 00:05:56,490 times. Um, the hope is that when once 110 00:05:56,500 --> 00:05:59,210 the Bitcoin ETF is approved and once it starts trading, that 111 00:05:59,220 --> 00:06:02,580 will bring in a big slug of capital into crypto, starting 112 00:06:02,590 --> 00:06:05,220 with Bitcoin, which I think will then trickle down elsewhere. 113 00:06:05,230 --> 00:06:07,300 So that's our real hope. And you know, if volumes 114 00:06:07,310 --> 00:06:10,320 disappoint, then I kind of think stuff's going to sell off. 115 00:06:10,330 --> 00:06:13,800 I mean, obviously stuff volumes point, but if volumes you really 116 00:06:13,810 --> 00:06:16,060 well, then that's our best chance of like everything 117 00:06:16,070 --> 00:06:20,580 rallying in more of a unilateral fashion rather than just like 118 00:06:20,630 --> 00:06:22,640 one thing going up and everything else going down. 119 00:06:22,650 --> 00:06:25,270 But yeah, Etho's the the front runner today. 120 00:06:25,280 --> 00:06:30,510 And as of last night, Really. Um ETH Bitcoin went from, I 121 00:06:30,520 --> 00:06:35,660 think, the lows of 0.048 yesterday, now up to 0.054. 122 00:06:35,670 --> 00:06:38,580 So that's almost like a 1213% swing. 123 00:06:38,590 --> 00:06:46,570 That's a big swing in that even sole E like Sol ETH so 0.44 I 124 00:06:46,580 --> 00:06:50,810 think yesterday that's now down to 0038 so that's had a big move 125 00:06:50,820 --> 00:06:54,360 to the big question is like will you hold on to these moves like 126 00:06:54,370 --> 00:06:56,950 we've had a couple of attempts of each for each of ETH trying 127 00:06:56,960 --> 00:07:00,340 to break out and then it kind of just like fills out and if we go 128 00:07:00,350 --> 00:07:02,770 back to normal again So it's still going to be a show me 129 00:07:02,780 --> 00:07:04,200 story. I think people will still be 130 00:07:04,240 --> 00:07:07,700 cynical of it, but you know the difference now compared to 131 00:07:07,710 --> 00:07:11,070 before is you will have, you should have an A Bitcoin ETF 132 00:07:11,080 --> 00:07:15,210 approved and then people will be looking at the ETF and can we 133 00:07:15,220 --> 00:07:17,840 really see the whole thing play out for Bitcoin for Earth like 134 00:07:17,850 --> 00:07:18,940 it did for Bitcoin all over again? 135 00:07:18,950 --> 00:07:22,330 I think there's a good chance. The other thing to mention is 136 00:07:22,630 --> 00:07:25,400 betas are also running as well, like optimism is up. 137 00:07:26,110 --> 00:07:28,660 Yeah, it's all the top gainers. Last hour, All ten of them. 138 00:07:29,390 --> 00:07:31,340 Meme coins are up like stuff like Pepe. 139 00:07:31,600 --> 00:07:37,760 Probably the main ethos up and just as how you saw like soul 140 00:07:37,770 --> 00:07:41,250 and soul pieces rally, you know at that time in like November 141 00:07:41,260 --> 00:07:44,430 October you could see the same thing with ETH now as well. 142 00:07:44,440 --> 00:07:47,480 Like it's natural for people to be like oh sure I want to be 143 00:07:47,560 --> 00:07:50,740 it's going to go higher. But if you only have like you 144 00:07:50,750 --> 00:07:53,070 know a small amount of capital capital to play with, you're 145 00:07:53,080 --> 00:07:55,590 probably gonna be chasing some of the better because you know 146 00:07:55,600 --> 00:07:59,760 you don't really care about making 20% on 500 bucks or 147 00:07:59,770 --> 00:08:00,870 ground or whatever you're trying to. 148 00:08:00,880 --> 00:08:02,720 You're trying like 3X or 4X that money. 149 00:08:02,730 --> 00:08:05,360 So I think we'll start to see a bit of a deeper risk bid for 150 00:08:05,370 --> 00:08:07,720 earth if this price action continues. 151 00:08:07,890 --> 00:08:10,680 And my view has long been that that it will and this is the 152 00:08:10,690 --> 00:08:15,000 timing for it And we always thought we would see the lows of 153 00:08:15,330 --> 00:08:17,060 ETH Bitcoin on the day of approval. 154 00:08:17,070 --> 00:08:19,940 While we may have seen it on the day of the fake approval, today 155 00:08:19,950 --> 00:08:24,320 is the day three it seems to be playing out. 156 00:08:26,070 --> 00:08:29,060 Questions for you OV how? What? 157 00:08:29,070 --> 00:08:30,260 I know. I mean, yes, it was crazy. 158 00:08:30,270 --> 00:08:33,059 Like we we we went into the sweater spaces right away. 159 00:08:33,150 --> 00:08:34,990 I originally just made aware space to celebrate their 160 00:08:35,000 --> 00:08:37,320 approval. Uh, quick 180. 161 00:08:37,710 --> 00:08:41,260 I have to say the roller coaster of emotions that I personally 162 00:08:41,270 --> 00:08:44,000 went through yesterday on a stage with 3000 people is 163 00:08:44,010 --> 00:08:48,090 insane. I went from high like you see 164 00:08:48,100 --> 00:08:50,080 that Bitcoin chart? That's my emotions. 165 00:08:50,170 --> 00:08:52,620 If I had a whole band it would tell me to chill out. 166 00:08:53,090 --> 00:08:55,340 But movie, I want to ask you because you were on there 167 00:08:55,350 --> 00:08:58,170 yesterday and my question to you was and I guess maybe now we 168 00:08:58,180 --> 00:08:59,830 have time to sleep on and see the market. 169 00:09:00,210 --> 00:09:03,680 What do you make of it from a trading standpoint? 170 00:09:03,690 --> 00:09:08,140 Someone, right, you saw Bitcoin go to nearly 48 but didn't go to 171 00:09:08,150 --> 00:09:12,910 48, kissed it though down to 45 KA little below actually this 172 00:09:12,920 --> 00:09:16,090 morning and eh on the back of that was just printing, got 173 00:09:16,100 --> 00:09:18,510 candles in 50 minutes on the 15 minute chart. 174 00:09:18,520 --> 00:09:20,840 What do you make of this price action versus today? 175 00:09:20,900 --> 00:09:24,040 Has this kind of like ruined the ETF pump? 176 00:09:24,200 --> 00:09:26,960 Do we think now that it's even more pricing or the other? 177 00:09:27,030 --> 00:09:28,990 OK, now people are underestimating Bitcoin. 178 00:09:29,000 --> 00:09:31,550 Like what? Where does that put us for the 179 00:09:31,560 --> 00:09:33,300 ETF trade tonight? Because that's gonna happen 180 00:09:33,310 --> 00:09:36,800 between 4:00 and 6:00 PM. It's it's definitely ruined the 181 00:09:36,810 --> 00:09:40,210 surprise factor of it for sure. I think like you know when that 182 00:09:40,220 --> 00:09:42,460 initial headline came and you were like, Oh my God. 183 00:09:42,530 --> 00:09:44,680 And now that it's happened, when it written that now when it 184 00:09:44,690 --> 00:09:47,230 comes, I think we're going to be like ohh well kind of already 185 00:09:47,240 --> 00:09:49,800 went through that motion. But it it kind of depends on 186 00:09:49,810 --> 00:09:52,190 like what your view is like maybe there are some people out 187 00:09:52,200 --> 00:09:54,880 there who still don't think is going to happen and are taking 188 00:09:54,890 --> 00:09:58,000 yesterday's actions as like oh it might be delayed or it may 189 00:09:58,010 --> 00:09:59,940 still now I'm definitely won't happen. 190 00:10:00,150 --> 00:10:02,460 And in that case I think it's going to be more powerful. 191 00:10:02,670 --> 00:10:05,740 And the other thing is like I think it's kind of good like you 192 00:10:05,750 --> 00:10:09,890 know Connor is falling from a high of 48 K but you know it was 193 00:10:09,900 --> 00:10:13,460 around 47 for a long time, more way down to 45 K So it's kind of 194 00:10:13,470 --> 00:10:16,370 good that we've already seen that price come off before the 195 00:10:16,380 --> 00:10:19,140 approval like and you know that once again like we had a big 196 00:10:19,150 --> 00:10:22,860 leveraged wipeout last week where we had another 200 million 197 00:10:22,870 --> 00:10:25,970 or so in liquidations yesterday like both longs and shorts 198 00:10:25,980 --> 00:10:28,470 probably. So like it's you know it's 199 00:10:28,480 --> 00:10:32,510 really, really, really cleaned up positioning going into you 200 00:10:32,520 --> 00:10:35,590 know tonight and tomorrow. So part of me wants to say the 201 00:10:35,600 --> 00:10:39,740 market showing us hand in that umm you know it feels like it 202 00:10:39,750 --> 00:10:43,100 wants wanted to sell the news. The other part of me thinks that 203 00:10:43,110 --> 00:10:46,360 well we maybe we have sold the news and maybe there's a little 204 00:10:46,370 --> 00:10:50,400 bit more to go. But I do really believe that we 205 00:10:50,410 --> 00:10:53,120 will see a strong volume day tomorrow and I think whatever 206 00:10:53,130 --> 00:10:55,380 gets sold down and maybe we go a little bit lower from here, 207 00:10:55,390 --> 00:10:57,880 whatever gets sold out, I think it will consolidate very quickly 208 00:10:57,920 --> 00:11:02,430 and I think we will bounce off that very quickly to new 12 209 00:11:02,440 --> 00:11:04,580 month highs for Bitcoin and the rest of crypto. 210 00:11:05,670 --> 00:11:09,150 OK that's uh that's that's that's a that's a that's a good 211 00:11:09,160 --> 00:11:11,290 take. I mean look you know credit what 212 00:11:11,300 --> 00:11:13,500 goes with credit is due. We do troll over a lot on this 213 00:11:13,510 --> 00:11:15,900 show. But you know he he he laid down 214 00:11:15,910 --> 00:11:17,720 the plane. He laid down the place since 215 00:11:17,870 --> 00:11:22,280 since since ETH hit. Sorry Solana. 216 00:11:22,290 --> 00:11:24,360 That 125 you know pico top there. 217 00:11:24,730 --> 00:11:26,080 Not that's not gonna go back there. 218 00:11:26,090 --> 00:11:28,840 But it's just like momentarily. You were talking heavily about 219 00:11:28,850 --> 00:11:32,410 this this rotation towards ETH as we head into the the Bitcoin 220 00:11:32,420 --> 00:11:33,540 stuff man. What do you what do you think 221 00:11:33,550 --> 00:11:34,810 here? What's your, what's your, what's 222 00:11:34,820 --> 00:11:39,270 your, what's your read here on the market today and what should 223 00:11:39,280 --> 00:11:43,260 we be expecting here with with ETF approval coming in around 224 00:11:43,270 --> 00:11:48,540 4:00 to 6:00 PM tonight. Um, I yeah, I think we are. 225 00:11:48,550 --> 00:11:50,400 We described it well, like what? What happened? 226 00:11:50,410 --> 00:11:52,470 We just got a taste of what would have happened if that had 227 00:11:52,480 --> 00:11:55,830 actually been the the approval. And then once the cat was out 228 00:11:55,840 --> 00:11:58,800 the bag, it like had to continue, even even if it was 229 00:11:58,810 --> 00:12:00,020 all denied and all that sort of stuff. 230 00:12:00,030 --> 00:12:01,730 Everyone kind of guessed now what? 231 00:12:01,900 --> 00:12:06,980 What was going to happen? You've seen, I mean this time 232 00:12:06,990 --> 00:12:12,200 literally yesterday ETH BTC was hitting A2 or 2 1/2 year low. 233 00:12:12,450 --> 00:12:18,100 It's now moved 13% versus both Bitcoin and Solana in that 234 00:12:18,110 --> 00:12:20,750 period. I mean, I said on the show a few 235 00:12:20,760 --> 00:12:25,330 days ago that that, yeah, like if if we get good volume for the 236 00:12:25,340 --> 00:12:28,760 ETF, then then people can really get behind that narrative. 237 00:12:28,810 --> 00:12:32,160 At the same time, like, I still think everyone who's long EVE 238 00:12:32,230 --> 00:12:35,280 doesn't even quite trust it yet. Like still think we need a 239 00:12:35,290 --> 00:12:40,480 little bit more time to see this this gets sustained because. 240 00:12:40,530 --> 00:12:43,140 So I'm not sure if I'm the sort of person, and this was even the 241 00:12:43,150 --> 00:12:48,210 case yesterday, like I'd rather wait for the retest of that 242 00:12:48,220 --> 00:12:51,730 trade and by that then maybe even by the initial one. 243 00:12:52,260 --> 00:12:54,570 You mean? Like ETC. 244 00:12:54,620 --> 00:12:57,370 Like I feel like it doesn't it doesn't just straight line up 245 00:12:57,380 --> 00:13:00,350 right like I think you'll you'll see a retest that's why like 246 00:13:00,360 --> 00:13:04,390 right now after that move I think I I think Bitcoin is going 247 00:13:04,400 --> 00:13:08,390 to 50K like in that world does easily go to over 3K. 248 00:13:08,540 --> 00:13:12,770 But I think yeah right this second I've been buying Bitcoin 249 00:13:13,040 --> 00:13:17,030 but the but I I do think yeah that that you're starting to 250 00:13:17,040 --> 00:13:19,480 see. What I do like about this is yet 251 00:13:19,540 --> 00:13:23,860 ecosystem is rallying but really it's earth right. 252 00:13:23,870 --> 00:13:27,460 Like yeah, Arbitrium's moved and but they've kind of moved not 253 00:13:27,470 --> 00:13:29,310 that much dissimilar to how big earth moves. 254 00:13:29,320 --> 00:13:34,280 So that's kind of what I wanted to see is that it wasn't just it 255 00:13:34,290 --> 00:13:37,940 wasn't just ecosystem ETH itself. 256 00:13:38,000 --> 00:13:40,490 Remember like 2021? It was like ETH actually rallied 257 00:13:40,500 --> 00:13:42,820 and you like you were annoyed that you you spend your ETH on 258 00:13:42,830 --> 00:13:45,160 anything else. Like it was like fuck, why did I 259 00:13:45,170 --> 00:13:47,780 buy this or this. It was like it was like how you 260 00:13:47,790 --> 00:13:52,990 felt with Bitcoin this cycle it or for the last like 6 months. 261 00:13:53,000 --> 00:13:55,330 Is that like you fucking should just had Bitcoin? 262 00:13:55,410 --> 00:13:59,710 Yeah No. And I feel like that's what is 263 00:13:59,720 --> 00:14:01,870 one thing that is good about ETH right now is that suddenly 264 00:14:01,880 --> 00:14:05,050 everyone's like yeah you could have bought Arbitrium today but 265 00:14:05,060 --> 00:14:09,730 like really eh would have given you a similar sort of return. 266 00:14:10,650 --> 00:14:13,690 So I yeah I like that right now and that it's not just the 267 00:14:13,700 --> 00:14:16,970 ecosystem it is just ease that that that that is a good sign I 268 00:14:16,980 --> 00:14:21,540 think for for FOMO like I said right this second after after a 269 00:14:21,550 --> 00:14:26,730 move like that I've been buying Bitcoin because I think I think 270 00:14:26,880 --> 00:14:31,540 if if right now you were to hear Bitcoin ETF approval I think 271 00:14:31,550 --> 00:14:35,020 what might happen is ETH rallies and then dumps as people realise 272 00:14:35,030 --> 00:14:37,350 that you know ohh fuck actually like that trade happened and 273 00:14:37,360 --> 00:14:40,320 like you've just pushed it to like the edge but that could be 274 00:14:40,330 --> 00:14:42,300 a temporary thing it could be a medium term thing. 275 00:14:42,310 --> 00:14:46,520 I actually think that right now Bitcoin ETF approval is is 276 00:14:46,590 --> 00:14:48,630 bullish for Bitcoin. If that was to come out right 277 00:14:48,640 --> 00:14:50,940 now I do think that that that would that would be the move 278 00:14:50,950 --> 00:14:53,820 here. So that's the trade I've put on 279 00:14:53,890 --> 00:14:55,940 just as it migrated lower this morning. 280 00:14:57,370 --> 00:15:01,000 And then I like Solana where it is right now. 281 00:15:01,080 --> 00:15:03,550 This does feel like a bit like a it could be a wagging season. 282 00:15:03,620 --> 00:15:07,510 But I I do, I do feel like. That Ohh, are we calling for 283 00:15:07,520 --> 00:15:09,890 waggy season here today? Is that the call? 284 00:15:09,900 --> 00:15:11,530 I like it. You know I'm here for it. 285 00:15:11,860 --> 00:15:14,870 I'm just saying like I I think after this retraces some of the 286 00:15:14,880 --> 00:15:16,530 big ones, we all needed earth to move. 287 00:15:16,540 --> 00:15:21,030 Like we've all been like for fucks sake like this there was a 288 00:15:21,040 --> 00:15:23,070 really good meeting yesterday which is the heaviest objects on 289 00:15:23,080 --> 00:15:25,750 earth and like Earth was the most the heaviest. 290 00:15:25,760 --> 00:15:27,590 It was like it's been frustrating. 291 00:15:29,550 --> 00:15:32,120 It does a lot of things. Can rally eat them? 292 00:15:32,130 --> 00:15:37,340 Rally Earth is. You know, is blockchain to a 293 00:15:37,350 --> 00:15:40,080 large extent. Like is really the centre of 294 00:15:40,150 --> 00:15:42,620 crypto for a lot of. People, he says. 295 00:15:42,630 --> 00:15:45,040 The future of technology and everything. 296 00:15:45,050 --> 00:15:47,500 Like it's it's literally like I'll always see it as such. 297 00:15:47,610 --> 00:15:50,380 No matter how much I fought the price action, it doesn't matter. 298 00:15:50,430 --> 00:15:55,150 It's the future world. Builder activity, it's 299 00:15:55,160 --> 00:15:59,010 dominated. I think a lot of the ERC 20 300 00:15:59,020 --> 00:16:00,740 world was all built on the back of it. 301 00:16:00,750 --> 00:16:03,240 That has changed over the last few months, but to a large 302 00:16:03,250 --> 00:16:08,570 extent like everyone came, lots and lots of people came up with 303 00:16:08,660 --> 00:16:12,640 the ecosystem that ether built. So like to see it start to take 304 00:16:12,650 --> 00:16:16,670 the lead I think feels good for everyone, everyone out there. 305 00:16:16,720 --> 00:16:19,750 So yeah, I think this is this feels a little bit like wagging 306 00:16:19,760 --> 00:16:20,350 season to me. I. 307 00:16:20,360 --> 00:16:23,020 Feel like there is so much money locked on Heath, right? 308 00:16:23,030 --> 00:16:24,790 I'm look, the TV out doesn't lie right. 309 00:16:24,800 --> 00:16:27,040 We're on defi llama right now on screen by the way we're live on 310 00:16:27,050 --> 00:16:30,280 video for those of you that usual suspects uh you know 311 00:16:30,290 --> 00:16:32,750 there's 200 something people watching us on YouTube and on X 312 00:16:32,760 --> 00:16:35,760 so we've posted broadcasting on formal hour myself in the 313 00:16:35,770 --> 00:16:38,540 highlights everything and we're live on the rugby YouTube as 314 00:16:38,550 --> 00:16:42,560 well as ex audio as usual. So you know like I was replying 315 00:16:42,570 --> 00:16:44,700 to beating earlier like he's saying you know people are like 316 00:16:44,770 --> 00:16:48,600 so people are are sobering 4% rise on ether. 317 00:16:48,640 --> 00:16:51,830 I don't think some people don't realise that 4% of like a $200 318 00:16:51,840 --> 00:16:54,870 billion asset for solves a lot. But there's also like mental 319 00:16:54,880 --> 00:16:56,150 like there's a lot of money on you. 320 00:16:56,660 --> 00:16:58,610 Like you know how we say like Ohh bitcoiners have all the 321 00:16:58,620 --> 00:17:00,050 money? You know, like when you go to 322 00:17:00,060 --> 00:17:02,030 Solana? Like people like Ohh ETH whales 323 00:17:02,040 --> 00:17:04,589 are coming. Like there's a reason why people 324 00:17:04,599 --> 00:17:08,109 are say that like if people like there's a lot of money locked to 325 00:17:08,119 --> 00:17:11,750 eat whether it's ETH and the ecosystem. 326 00:17:11,760 --> 00:17:15,290 So like naturally when ETH runs and if it goes to 3K 327 00:17:15,599 --> 00:17:19,010 everything's gonna go haywire. I think 2021 style. 328 00:17:19,079 --> 00:17:23,010 I mean, ohh, you probably agree with that given that you've 329 00:17:23,020 --> 00:17:25,690 been, you've been, you've been, you know, obviously like you 330 00:17:25,700 --> 00:17:28,730 know, talking about that for a minute now and and I actually 331 00:17:28,740 --> 00:17:31,410 have to say I love that tweet saying that you locked your 332 00:17:31,420 --> 00:17:33,800 money on blast and you had no choice but to hold it, which 333 00:17:33,860 --> 00:17:38,090 aged pretty well. So that's great. 334 00:17:38,530 --> 00:17:41,000 But it seems like the top gainers right now are all 335 00:17:41,050 --> 00:17:43,570 ethical. So you have Lido, outcome, 336 00:17:43,580 --> 00:17:47,530 optimism, maker, synthetics, Ava, uh, even theorem. 337 00:17:47,540 --> 00:17:53,940 Classic, even the classic is up eight points right now and a lot 338 00:17:53,950 --> 00:17:58,020 of the other, a lot of the other stuff is going. 339 00:17:58,030 --> 00:18:01,390 So I guess we'll see. One thing I have a question for 340 00:18:01,400 --> 00:18:05,660 you both here is we can't really say we've seen the the ETF trade 341 00:18:05,670 --> 00:18:09,140 go down because as soon as it pumped, we got the Gary Gensler 342 00:18:09,150 --> 00:18:12,350 tweet saying it was false. So you didn't really, We didn't 343 00:18:12,360 --> 00:18:16,890 really see the real legs it had. Yeah, that's that's true. 344 00:18:16,960 --> 00:18:19,300 What I would say is what you saw, what people really took 345 00:18:19,310 --> 00:18:20,870 away from that was what happened to the ratio. 346 00:18:22,000 --> 00:18:24,810 Because once that was out, that cat was out of the bag. 347 00:18:25,080 --> 00:18:27,510 Even on the denial, everyone was like, that's what's going to 348 00:18:27,520 --> 00:18:28,590 happen when the real thing happened. 349 00:18:28,600 --> 00:18:31,410 Even if the, you know, the the Bitcoin price moves up and down 350 00:18:31,420 --> 00:18:33,710 like people were like, oh, people are going to rotate here. 351 00:18:33,780 --> 00:18:36,450 And you've seen aggressive rotating like in terms of 352 00:18:36,460 --> 00:18:39,430 futures, open interest. A lot of it has suddenly just 353 00:18:39,440 --> 00:18:43,530 moved to eat, like if you go onto Cornelius for example, like 354 00:18:43,540 --> 00:18:48,430 the you've seen a 20% rise in open interest and a 5% fall in 355 00:18:48,440 --> 00:18:50,770 Bitcoin open interest. To put in perspective though 356 00:18:50,780 --> 00:18:54,200 that that makes it 8th open interest kind of half of what 357 00:18:54,210 --> 00:18:58,870 Bitcoin is right now which is wild given that you know Bitcoin 358 00:18:58,880 --> 00:19:05,430 is is is 3 or just just under or just over three times it's it's 359 00:19:05,440 --> 00:19:08,270 market cap so. It is literally half. 360 00:19:08,780 --> 00:19:11,070 Yeah. So it's it's been a big move up 361 00:19:11,080 --> 00:19:13,850 in that that's again that's something to think to be aware 362 00:19:13,860 --> 00:19:17,150 of if you're now going to chase this like that's that is a big 363 00:19:17,160 --> 00:19:21,750 move it one day move and he's BTC for these two assets a big 364 00:19:21,760 --> 00:19:23,610 one day in a lot of these things. 365 00:19:23,620 --> 00:19:28,160 So like be aware of, you know former FOMO going on something 366 00:19:28,170 --> 00:19:31,930 like that but at the same time like it's also been down only 367 00:19:31,940 --> 00:19:36,540 for a long long long long time. But yeah it's you've definitely 368 00:19:36,550 --> 00:19:42,300 seen some some some money rotate which is which yeah it's maybe 369 00:19:42,310 --> 00:19:44,430 it's healthy for everything you know it's good it's good to 370 00:19:44,470 --> 00:19:47,480 probably is a bit of a wag me. Season I mean I think 45 K 371 00:19:47,490 --> 00:19:50,960 Bitcoin going into a going into this ETF definitely better than 372 00:19:50,970 --> 00:19:54,820 like if it was like already 48 K plus you cannot be worried here. 373 00:19:55,250 --> 00:19:56,660 I don't know that's just how I see it. 374 00:19:56,670 --> 00:19:58,620 But like very left curve trading here. 375 00:19:58,810 --> 00:20:01,280 Ovi Any, I think. Did you want to chime in here? 376 00:20:02,610 --> 00:20:04,020 No, nothing. Nothing to really add. 377 00:20:04,030 --> 00:20:06,620 I think I do agree. I think like be careful. 378 00:20:06,630 --> 00:20:08,940 I think ohh always tell this for work. 379 00:20:08,950 --> 00:20:12,940 But I think like be careful about like chasing the next hot 380 00:20:12,950 --> 00:20:16,130 thing in this bull market. Because I think you just want to 381 00:20:16,140 --> 00:20:19,060 avoid like when something goes down you like and something else 382 00:20:19,070 --> 00:20:21,210 goes up you're like oh fuck, like I need to get on the thing 383 00:20:21,220 --> 00:20:23,340 that's going up. So then you sell what you have 384 00:20:23,350 --> 00:20:26,880 at a loss to buy the next thing at when it's already rallied. 385 00:20:26,890 --> 00:20:29,340 And then you just keep Because Right now. 386 00:20:30,150 --> 00:20:32,580 Yeah, because right, right now it just feels like a hot potato 387 00:20:32,590 --> 00:20:34,080 thing. It doesn't feel like everything 388 00:20:34,090 --> 00:20:36,750 is moving up in one go. So when that happens, it just 389 00:20:36,760 --> 00:20:38,560 means like capital moves from one thing to the other. 390 00:20:38,570 --> 00:20:41,560 And unless you're early to it, it's kind of like it's not 391 00:20:41,570 --> 00:20:45,670 really that different to like buying an NFT project because 392 00:20:45,680 --> 00:20:47,480 you're just seeing it show by influencers and as soon as you 393 00:20:47,490 --> 00:20:49,560 buy, it goes down because they all just dump and move on to the 394 00:20:49,570 --> 00:20:52,960 next thing. Like that happens at a level of 395 00:20:52,970 --> 00:20:56,220 like of crypto majors, It's just like in a different way. 396 00:20:57,020 --> 00:21:00,430 So I think I'm, I'm wary of that and like my personal advice to 397 00:21:00,440 --> 00:21:04,180 everyone out there, like find a few things that you really 398 00:21:04,190 --> 00:21:06,580 believe in for this cycle and you know this cycle. 399 00:21:06,630 --> 00:21:08,780 Everything will go up this cycle, like everything will go 400 00:21:08,790 --> 00:21:12,310 up and you don't have to get like hell bent on chasing what 401 00:21:12,320 --> 00:21:13,850 you think will be the best performer. 402 00:21:13,960 --> 00:21:16,020 I think that's a tough thing. You just see you see something 403 00:21:16,030 --> 00:21:19,300 go up when what you have goes down or stays flat and you're 404 00:21:19,310 --> 00:21:21,520 just like fuck, like everyone making so much money on that 405 00:21:21,530 --> 00:21:24,000 thing and then you know, inevitably you get and it 406 00:21:24,010 --> 00:21:26,900 happens to everyone even. Honestly, yesterday I was like 407 00:21:26,910 --> 00:21:28,840 looking at someone and I was about to like pull the trigger 408 00:21:28,850 --> 00:21:31,380 on like selling some, selling some stuff. 409 00:21:31,470 --> 00:21:33,310 And then I didn't. And I was like, fuck, like that 410 00:21:33,320 --> 00:21:36,460 literally would have been absolute, like absolute lows. 411 00:21:36,470 --> 00:21:39,230 Yeah, like and just like that's just so fucking classic. 412 00:21:39,240 --> 00:21:42,220 Like when you're about to throw in the towel, something just 413 00:21:42,230 --> 00:21:43,650 fucking, it just turns around like that. 414 00:21:43,660 --> 00:21:47,180 And so I think, like, it's just a reminder like, you know this, 415 00:21:47,280 --> 00:21:50,770 this cycle will be along, you know, cycles don't last a few 416 00:21:50,780 --> 00:21:52,680 days. It will be for the pole year, 417 00:21:52,690 --> 00:21:55,580 hopefully longer and just have to be a bit patient I think and 418 00:21:55,590 --> 00:21:57,160 have some conviction in positions. 419 00:21:58,310 --> 00:22:01,720 Absolutely agree with you. So with that, so yesterday 420 00:22:01,730 --> 00:22:03,360 quickly the news then let's let's talk NFT. 421 00:22:03,370 --> 00:22:05,650 We have the guests coming in about 15 minutes ish. 422 00:22:06,320 --> 00:22:09,010 And I know we have to talk more stuff with with them about all 423 00:22:09,020 --> 00:22:10,790 this stuff. So the SEC, that was a big 424 00:22:10,800 --> 00:22:13,200 headline yesterday. Uh, the big headline yesterday 425 00:22:13,210 --> 00:22:17,630 that that the SEC's account X account was compromised And 426 00:22:17,640 --> 00:22:21,110 turns out not only that, the SEC. 427 00:22:23,320 --> 00:22:26,660 You know, I think they used to they were using SMS Twitter, 428 00:22:26,670 --> 00:22:30,110 which not supposed to use, but turns out they didn't even have 429 00:22:30,120 --> 00:22:32,170 any two factor authentication on their account. 430 00:22:32,620 --> 00:22:37,480 Ironically, you know X users dug out a bunch of tweets from the 431 00:22:37,490 --> 00:22:41,360 SEC and Gary Gensler himself, notably from the Cybersecurity 432 00:22:41,370 --> 00:22:44,430 Awareness Month back last October of the SEC teaching 433 00:22:44,440 --> 00:22:46,820 people how to use two factor authentication with two a Google 434 00:22:46,830 --> 00:22:49,110 authenticators and passkeys and hardwares. 435 00:22:49,200 --> 00:22:53,660 And also you know, inviting people to be very careful with 436 00:22:53,670 --> 00:22:56,120 some swaps. Ironically they're the ones who 437 00:22:56,130 --> 00:22:58,780 were victim of that. Clearly proving that the 438 00:22:58,790 --> 00:23:03,980 governing body responsible for protecting 100 million American 439 00:23:03,990 --> 00:23:08,580 consumers was not so careful when it comes to protecting 440 00:23:09,010 --> 00:23:12,840 these same consumers here, I I personally speaking, I was very 441 00:23:12,850 --> 00:23:16,020 vocal on it. We ran a very big large Twitter 442 00:23:16,030 --> 00:23:19,090 spaces yesterday while everything was going on and I 443 00:23:19,100 --> 00:23:23,680 think it's pretty pretty poor form here on our Gary Gensler 444 00:23:23,690 --> 00:23:28,570 and his teams form given that on the on the cusp of 31 of the 445 00:23:28,580 --> 00:23:31,120 most important ETF approvals in the history of TF, if I'm not 446 00:23:31,130 --> 00:23:34,440 mistaken. Right which is which also has a 447 00:23:34,450 --> 00:23:36,170 lot of money involved. So you can read here decrypts 448 00:23:36,760 --> 00:23:39,280 headline The SEC on Twitter announced investigations into 449 00:23:39,290 --> 00:23:42,710 fake Bitcoin ETF tweet The Regulatory agency says it has 450 00:23:42,720 --> 00:23:48,010 terminated unauthorised access to its Twitter account per Ryan 451 00:23:48,140 --> 00:23:51,540 Ozawa here. So there's just one tweet spark 452 00:23:51,550 --> 00:23:53,990 chaos that read the SEC has determined that there was no 453 00:23:54,000 --> 00:23:57,180 sorry that's that's not the tweet that sparked chaos but 454 00:23:57,190 --> 00:24:00,740 there was a it's Gary Gensler you know brought out a tweet 455 00:24:00,750 --> 00:24:05,740 saying that you know that he was a was a compromised and I have 456 00:24:05,750 --> 00:24:08,160 to say I invite everybody if you want to have a good laugh you 457 00:24:08,170 --> 00:24:11,090 having a bad day just go to the quote tweets of that one Yeah. 458 00:24:11,100 --> 00:24:13,520 I think you have a I think it's going to turn your day around. 459 00:24:13,910 --> 00:24:19,130 Crypto Twitter does not stop. I mean trader SD coming in hot 460 00:24:19,140 --> 00:24:21,010 with 300,000 views on the reply bro. 461 00:24:21,020 --> 00:24:22,790 Forget worrying about crypto risks. 462 00:24:22,800 --> 00:24:27,010 Sort out the two FA on your Twitter first, Greg at this 463 00:24:27,020 --> 00:24:30,070 point is fairly obvious. Garry's just farming at Revenue, 464 00:24:31,890 --> 00:24:35,790 You know, That was a great one too. 465 00:24:36,780 --> 00:24:39,840 You have what, you know, Autism Capital with that. 466 00:24:39,850 --> 00:24:42,270 Well, what is this clown world? You? 467 00:24:42,280 --> 00:24:43,930 I mean, everybody was just your Joe. 468 00:24:43,940 --> 00:24:48,930 Everybody just came. Everybody just came at it with 469 00:24:48,940 --> 00:24:51,170 some pretty harsh words on Gary and his team. 470 00:24:51,220 --> 00:24:54,550 But you know pretty rightfully so if you ask me and the quote 471 00:24:54,560 --> 00:24:57,000 tweets are are really good for anybody who wants to have a good 472 00:24:57,010 --> 00:24:58,250 laugh from. Of course I'm just gonna. 473 00:24:59,500 --> 00:25:02,500 I'm just going to show some of y'all some of them here but it's 474 00:25:02,510 --> 00:25:05,990 actually crazy and you really can't make this shit up. 475 00:25:06,260 --> 00:25:09,830 There's some senators out there normally Bill Haggerty, Haggerty 476 00:25:09,840 --> 00:25:11,710 calling for accountability on the SEC side. 477 00:25:11,720 --> 00:25:17,050 So there are investigations launched on on that at the 478 00:25:17,060 --> 00:25:21,900 moment, UM across the board, UH about regarding the the SEC and 479 00:25:21,910 --> 00:25:24,000 what happened yesterday and we'll see what happens there. 480 00:25:24,010 --> 00:25:27,130 But it's crazy. I don't think you guys have any 481 00:25:27,140 --> 00:25:29,250 different takes and I have, unless you want to double down 482 00:25:29,260 --> 00:25:32,200 on that, but it's a it's a pretty poor form here on the SEC 483 00:25:32,210 --> 00:25:34,620 side. He just looks like an idiot, 484 00:25:34,630 --> 00:25:37,490 right? He's just like such an idiot. 485 00:25:38,560 --> 00:25:41,790 And they might like there's going to be civil lawsuit I'm 486 00:25:41,800 --> 00:25:45,840 sure now against this stuff like this is this is kind of bad for 487 00:25:45,850 --> 00:25:51,020 the SEC to have this happen like I have any any single agency you 488 00:25:51,030 --> 00:25:53,400 could be like oh if a company had this happen it's bad but if 489 00:25:53,410 --> 00:25:57,230 like the the thing that's meant to be regulating the things to 490 00:25:57,240 --> 00:26:01,320 not to to have this sort of two FA on like they can get sued 491 00:26:01,390 --> 00:26:03,900 pretty easily I think here. So I don't know, I think. 492 00:26:03,910 --> 00:26:06,560 I think this could be this could be really bad for. 493 00:26:06,570 --> 00:26:09,340 Him. I read, I read something about 494 00:26:09,350 --> 00:26:13,500 how when there's like a breach that like moves Bitcoin, all 495 00:26:13,510 --> 00:26:17,320 that kind of stuff like it has to like be investigated. 496 00:26:17,330 --> 00:26:19,540 It has like there has been a SEC investigation. 497 00:26:19,650 --> 00:26:21,700 Yeah. Like they have to like, like 498 00:26:21,710 --> 00:26:23,520 investigate securities laws. We're talking about. 499 00:26:23,530 --> 00:26:26,290 There's basically have to like, have a mandated investigation on 500 00:26:26,300 --> 00:26:30,680 themselves, yeah. That's literally it. 501 00:26:30,890 --> 00:26:32,670 That's literally it. I mean I put a poll out 502 00:26:32,680 --> 00:26:34,840 yesterday. I'm going to pin it to the top 503 00:26:34,850 --> 00:26:36,200 for people. There's 1000 people took it 504 00:26:36,210 --> 00:26:37,620 already. What would you have done if you 505 00:26:37,630 --> 00:26:40,500 were the SEC hacker? I wanna ask you guys Approval 506 00:26:40,510 --> 00:26:45,070 tweet plus long rejection tweet plus short attack the odds. 507 00:26:45,080 --> 00:26:47,860 So like you know, OV style, say like yo we're coming after 508 00:26:47,870 --> 00:26:52,990 Solana and all the other alts and short them and then uh post 509 00:26:53,000 --> 00:26:55,090 a drainer link. What would you have picked? 510 00:26:55,100 --> 00:26:57,490 I'll go to a first Which one of the four here would you have 511 00:26:57,500 --> 00:26:59,580 picked? I think I would have posted 512 00:26:59,590 --> 00:27:03,440 drain link because just like it would have been so funny, would 513 00:27:03,450 --> 00:27:07,350 be like here is like the SEC is like inaugural NFT meant to 514 00:27:07,360 --> 00:27:09,190 celebrate like the upcoming victory. 515 00:27:10,990 --> 00:27:13,490 Question for you, How many how many board have sort of been 516 00:27:13,500 --> 00:27:17,820 lost in the transaction? Then hurry up. 517 00:27:17,830 --> 00:27:19,900 There's only a limited supply of 300. 518 00:27:20,830 --> 00:27:25,480 Head over to sec-gov.org. Do you know what though? 519 00:27:27,910 --> 00:27:29,700 That would be. The best. 520 00:27:29,950 --> 00:27:34,490 Celebrate to celebrate their BTC ETF approval we're launching an 521 00:27:34,500 --> 00:27:38,280 ordinal collection right. And so Amanda, I mean, OK so 522 00:27:38,290 --> 00:27:41,020 over what was the trainer link, Amando, which one of the four 523 00:27:41,030 --> 00:27:44,600 would you have picked had you been the the the the EC hacker, 524 00:27:44,610 --> 00:27:47,280 SC hacker? I mean, if you posted a 525 00:27:47,290 --> 00:27:50,200 rejection, I don't even know where Bitcoin would have gone, 526 00:27:50,210 --> 00:27:54,740 like it could have hit like 30 K like it would have been wild. 527 00:27:57,020 --> 00:27:59,850 So I think in terms of money, that one. 528 00:27:59,860 --> 00:28:03,560 But yeah, in terms of just for the fun shit Coin, a shitcoin 529 00:28:03,570 --> 00:28:06,670 would have been pretty funny launching Gary Coin. 530 00:28:06,960 --> 00:28:09,700 Get involved. Like, send it to this wallet. 531 00:28:09,710 --> 00:28:15,840 Address this OK, you're full. Bend dot E takeover. 532 00:28:16,180 --> 00:28:19,710 Yeah, it's so good. I mean, look, you know, I have 533 00:28:19,720 --> 00:28:22,460 to say people's Everyday yesterday was spot on. 534 00:28:23,200 --> 00:28:25,060 I mean people are so good at this. 535 00:28:25,360 --> 00:28:27,170 He has the nose and the puppets on there. 536 00:28:27,180 --> 00:28:29,030 I'd love to see it. But you know he has Gary. 537 00:28:29,040 --> 00:28:29,850 Vee. Gary. 538 00:28:29,860 --> 00:28:31,350 Sorry Gary. Gas. 539 00:28:31,710 --> 00:28:33,510 Wrong Gary. Wrong Gary. 540 00:28:33,520 --> 00:28:35,470 By the way, do you guys know any other Garry's? 541 00:28:35,480 --> 00:28:37,570 The other day I was looking at I was trying to make a list of 542 00:28:37,580 --> 00:28:39,230 Garry's. I know don't ask me why. 543 00:28:39,400 --> 00:28:43,580 And I only could pinpoint 2. Garry's Gensler and V Do you 544 00:28:43,640 --> 00:28:46,110 know any other Garry's? Gary Neville. 545 00:28:46,420 --> 00:28:49,090 Yeah, Gary Neville. There's quite a few footballers 546 00:28:49,100 --> 00:28:52,120 there. I mean you guys from In Your End 547 00:28:52,130 --> 00:28:54,280 there's a lot of Garry's, it's very British name though. 548 00:28:54,360 --> 00:28:57,330 Yeah, it's very, very British. It was, but it's it's famously 549 00:28:57,340 --> 00:28:59,150 like get it becoming. Extinct. 550 00:28:59,700 --> 00:29:02,210 Yeah, I have to say another credit. 551 00:29:02,220 --> 00:29:05,930 Kudos here to the bank intern. Pinch me two FA always 552 00:29:05,940 --> 00:29:07,030 hilarious. Love that. 553 00:29:07,120 --> 00:29:10,870 And then and then this was really the tweet funny Jack 554 00:29:10,880 --> 00:29:13,410 Dorsey on Monster went and post that there was no way this is a 555 00:29:13,420 --> 00:29:15,310 hack. Obviously I was farming on that 556 00:29:15,440 --> 00:29:16,920 had to. It was big farming day for me 557 00:29:16,930 --> 00:29:20,550 yesterday. And then, but then this was the 558 00:29:20,560 --> 00:29:22,580 tweet that really I find hilarious. 559 00:29:22,590 --> 00:29:26,070 Here let me find it was this one. 560 00:29:26,140 --> 00:29:27,770 Careful what you read on the Internet. 561 00:29:27,780 --> 00:29:31,540 The best source of information about the SEC is the SEC. 562 00:29:32,620 --> 00:29:34,310 Clearly not. Clearly not. 563 00:29:34,320 --> 00:29:36,880 And I think that this is one of those situations where like the 564 00:29:36,890 --> 00:29:39,710 ECB deserves to get clowned. And I sent you guys this earlier 565 00:29:39,720 --> 00:29:42,370 today, but there is definitely some people, some Congress 566 00:29:42,380 --> 00:29:45,430 people, congressmen and women, uh, looking into that. 567 00:29:45,440 --> 00:29:49,120 And again just is how much longer is Gary Gensler do you 568 00:29:49,130 --> 00:29:52,220 think going to be in, in, in, in, in position here? 569 00:29:52,230 --> 00:29:56,160 Is Senator Vance here breaking centres JD Vance, Senator Tom 570 00:29:56,170 --> 00:30:00,150 Tillis demand explanation for the SEC's errant announcement of 571 00:30:00,160 --> 00:30:03,030 the approval of Bitcoin ETF. It is unacceptable that the 572 00:30:03,040 --> 00:30:05,940 agency entrusted with regulating the epicentre of the world's 573 00:30:05,950 --> 00:30:10,300 capital markets, while local error like this is arguably one 574 00:30:10,310 --> 00:30:15,170 of the most the worst mistakes. It it be like if if like the 575 00:30:15,180 --> 00:30:18,540 White House Twitter account got hacked, like they maybe even 576 00:30:18,550 --> 00:30:21,600 more because these guys are entrusted with like money, 577 00:30:21,610 --> 00:30:23,120 right? Like they're entrusted with. 578 00:30:23,200 --> 00:30:25,780 Trillions of Huge, huge market. Millions. 579 00:30:25,790 --> 00:30:28,200 Right. Yeah, yeah, easily. 580 00:30:28,260 --> 00:30:34,010 So the concept that they they wouldn't have two FA on like I 581 00:30:34,080 --> 00:30:39,850 like I have two FA on it's like I have like I'm sure people with 582 00:30:39,860 --> 00:30:42,670 no money have two FA on the fact that they're entrusted with that 583 00:30:42,680 --> 00:30:44,980 is just is wild that they didn't. 584 00:30:46,920 --> 00:30:49,670 Yeah, I mean, she had to ask for kind of like bringing that light 585 00:30:49,680 --> 00:30:52,670 and confirming that the SEC does not have two FA. 586 00:30:52,730 --> 00:30:55,450 For what it's worth, X also has many flaws. 587 00:30:55,460 --> 00:30:58,570 So I do want to point that out when it comes to security and I 588 00:30:58,580 --> 00:31:01,270 don't understand why when you have a great badge which is the 589 00:31:01,340 --> 00:31:06,390 government badge, you don't have a force USB key authentication. 590 00:31:06,460 --> 00:31:08,970 You know, I mean like they should make it that like if your 591 00:31:08,980 --> 00:31:11,900 government body of any country, you know they have a great badge 592 00:31:11,910 --> 00:31:15,910 right Gary Gensler and DC and stuff on Twitter, they should 593 00:31:15,920 --> 00:31:18,630 enforce security on there. Yeah, they should. 594 00:31:18,640 --> 00:31:21,730 They should have at least enforce authenticated 2FA, at 595 00:31:21,740 --> 00:31:24,390 least in enforced. What the fuck is this? 596 00:31:24,460 --> 00:31:29,430 Hold on, what is with this like MacBook Mac OS update anyways? 597 00:31:29,730 --> 00:31:33,870 Um, so it's just crazy to me that on the X side a governing 598 00:31:33,880 --> 00:31:37,130 bodies and forced staff to FA. So it really goes both ways here 599 00:31:37,140 --> 00:31:40,070 and SMSF should be removed from all social media platforms as a 600 00:31:40,080 --> 00:31:42,010 whole. They should just remove the 601 00:31:42,020 --> 00:31:45,080 option for even you guys me to have SMS twice. 602 00:31:45,090 --> 00:31:50,150 So last reminder here, God damn it, stop using SMS to FN like or 603 00:31:50,160 --> 00:31:52,410 else you're just going to be made fun of and your goofball. 604 00:31:52,980 --> 00:31:57,190 Anyways moving on to the next. Sorry for the harsh words but 605 00:31:57,200 --> 00:31:59,970 it's just true, you know, it's just shouldn't be doing it. 606 00:32:00,680 --> 00:32:06,520 Moving on here to the next topic today that we have is NFT 607 00:32:06,530 --> 00:32:09,420 check-in, NFT check in and then we had a good conversation about 608 00:32:09,430 --> 00:32:12,500 NFT yesterday. The people seemed to like it and 609 00:32:12,510 --> 00:32:14,320 I think we need to talk about it more. 610 00:32:14,610 --> 00:32:18,160 I haven't been following really what's happening on the on the X 611 00:32:18,170 --> 00:32:20,040 copy side. He opened a quick little burn 612 00:32:20,050 --> 00:32:23,440 window not long ago, closed it. I think it was very quick for 613 00:32:23,450 --> 00:32:25,100 the what's his open edition called again? 614 00:32:25,610 --> 00:32:28,060 Movie. Max Payne Max. 615 00:32:28,070 --> 00:32:31,800 Payne and now seems like there's another burn window that had 616 00:32:31,810 --> 00:32:36,720 opened clear for an EX copy piece for three hours, which you 617 00:32:36,730 --> 00:32:42,380 know obviously is now closed. So there was a window to open to 618 00:32:42,390 --> 00:32:45,140 burn certain NFT's and pay a price. 619 00:32:45,150 --> 00:32:48,460 So it's one Max Payne in Friends and You Pay and and for a total 620 00:32:48,470 --> 00:32:50,730 of addition of 250. So it seems like xcopy has been 621 00:32:50,740 --> 00:32:53,100 playing burn games with the Max Payne for like smaller additions 622 00:32:53,110 --> 00:32:55,250 the second time. I don't know if you followed 623 00:32:55,260 --> 00:32:57,750 that though. Yeah, he does this a lot. 624 00:32:57,790 --> 00:33:00,140 I think he's. Second time he's done it for Max 625 00:33:00,150 --> 00:33:02,600 Payne already. I mean, remember how much money 626 00:33:02,610 --> 00:33:05,080 he made from Max Payne? Was 26 mil. 627 00:33:05,610 --> 00:33:08,530 It was something insane. So I think he does, he does feel 628 00:33:08,540 --> 00:33:12,030 like he, he wants to protect that as a collection. 629 00:33:12,040 --> 00:33:14,920 I think that's great. Like I remember someone spoke to 630 00:33:14,930 --> 00:33:17,400 him directly after he did that and he was like, I don't really 631 00:33:17,410 --> 00:33:20,670 need to work again. Like I'm just going to put out 632 00:33:20,680 --> 00:33:23,740 one of ones I like and and like do this sort of stuff to 633 00:33:23,750 --> 00:33:25,370 protect. I like that. 634 00:33:25,470 --> 00:33:28,440 I think it's great. I think it's really awesome and 635 00:33:28,770 --> 00:33:30,440 and it's it's really good to see. 636 00:33:30,630 --> 00:33:37,640 In other news, I have to say, OK, Open C launched the wallet 637 00:33:37,650 --> 00:33:45,720 yesterday and not a soul, not a single individual in NFT. 638 00:33:45,730 --> 00:33:47,900 Twitter talked about it. I understand it was SC stuff 639 00:33:47,910 --> 00:33:49,920 going on. But it's man. 640 00:33:50,130 --> 00:33:51,820 I know dude, that's where I just found it. 641 00:33:51,890 --> 00:33:58,420 But but, but, but point being like it should go to Shelly the 642 00:33:58,430 --> 00:34:00,520 fumble on that front from that company. 643 00:34:01,000 --> 00:34:04,170 Because anything Magic Eden does, even if it's during the 644 00:34:04,180 --> 00:34:08,699 SEC fake tweets someone's talking about and right now the 645 00:34:08,710 --> 00:34:12,780 open sea launched a whole set self custody wallet right for 646 00:34:12,790 --> 00:34:18,010 its for its users look some major news which still news from 647 00:34:18,020 --> 00:34:22,050 the biggest marketplace in NFT Well I guess next biggest market 648 00:34:22,060 --> 00:34:24,280 but technically speaking normally facing the biggest one 649 00:34:24,290 --> 00:34:27,340 right? But But yeah so anyways, just an 650 00:34:27,350 --> 00:34:30,020 open centre S custody while it aimed at easier onboarding 651 00:34:30,110 --> 00:34:31,360 guests. Started with just an e-mail 652 00:34:31,370 --> 00:34:33,820 address by crypto with her credit card and purchase an FTA 653 00:34:33,830 --> 00:34:38,600 with about yesterday. You know, stuff could sort of 654 00:34:38,610 --> 00:34:39,710 wallets. I think we're gonna see this 655 00:34:39,719 --> 00:34:41,730 become more popular as mass adoption comes in. 656 00:34:42,560 --> 00:34:44,690 You know, Kraken has their own NFT marketplace. 657 00:34:44,699 --> 00:34:47,150 There are sponsors for a couple of months and we're talking 658 00:34:47,159 --> 00:34:50,510 about that which seemed to work pretty well for them thus far 659 00:34:52,010 --> 00:34:54,480 and I've I've seen the numbers for the Williams racing 660 00:34:54,489 --> 00:34:56,920 collaborations huge 10s of thousands of people have gotten 661 00:34:56,929 --> 00:35:00,770 the first NFT out there and then you have a magic heading that 662 00:35:00,780 --> 00:35:03,740 has been beta testing the wallets as well of self custody 663 00:35:03,830 --> 00:35:05,940 wallet as well And now open sea launching. 664 00:35:05,950 --> 00:35:08,330 You look only wish the best for open sea cause open see the 665 00:35:08,340 --> 00:35:13,280 world from space but you know I just you know I just I just wish 666 00:35:13,290 --> 00:35:15,280 there was a little more coming out from that side. 667 00:35:15,290 --> 00:35:18,180 Don't mean to be too harsh on there, but that's that another 668 00:35:18,190 --> 00:35:21,720 news also picked up from my favourite minutes, the Kazama 669 00:35:21,730 --> 00:35:26,750 Ones. Uh, speaking minutes from the 670 00:35:26,760 --> 00:35:30,730 right Ohh, right, Right in the gut. 671 00:35:30,780 --> 00:35:33,530 Right in the gut. I take that from the Mando 672 00:35:33,540 --> 00:35:34,780 minutes. Make sure and subscribe if 673 00:35:34,790 --> 00:35:39,030 you're not yet But Liga? La Liga entering the space with 674 00:35:39,040 --> 00:35:42,690 Arbitrium, it seems with our our favourite out too with our 675 00:35:42,700 --> 00:35:46,120 fellow partners meant Arbitrium is it? 676 00:35:46,200 --> 00:35:49,070 Not only is it flying every time he flies, but Arbitrium is just 677 00:35:49,080 --> 00:35:49,860 working hard. Man. 678 00:35:49,870 --> 00:35:52,110 You absolutely love to see speed at which we got to get the 679 00:35:52,120 --> 00:35:53,770 founder, cofounder of Arbitral on the show. 680 00:35:53,840 --> 00:35:56,410 That would be a banger. I'm going to reach out to him. 681 00:35:56,420 --> 00:35:59,410 Super supportive person. So La Liga, for all the football 682 00:35:59,420 --> 00:36:04,160 fans here and soccer on this show is football, it says, 683 00:36:04,170 --> 00:36:06,060 launching on Arbitrium. You'll have to see. 684 00:36:06,070 --> 00:36:08,620 It looks like they're gonna be doing some stuff. 685 00:36:08,630 --> 00:36:09,870 I mean, what? What exactly is this? 686 00:36:09,880 --> 00:36:12,670 Have you looked into that? No, I mean, they've tried 687 00:36:12,680 --> 00:36:13,770 before. They've been a few different 688 00:36:13,780 --> 00:36:14,820 attempts. It's gonna be a game. 689 00:36:14,920 --> 00:36:16,880 It's gonna be a game. Obviously so rare have their own 690 00:36:16,890 --> 00:36:18,890 game as well. But yeah, League is coming out 691 00:36:18,900 --> 00:36:22,750 with their own. Doesn't mean, it doesn't mean a 692 00:36:22,760 --> 00:36:24,230 pin to it, doesn't mean it's gonna work out. 693 00:36:24,240 --> 00:36:27,190 But again signals, right, just looking for signals. 694 00:36:27,260 --> 00:36:30,190 There was a point in time in Q3Q4 where all the big brands, 695 00:36:30,280 --> 00:36:32,680 the web, two brands cut their budgets out for any media and 696 00:36:32,690 --> 00:36:34,080 marketing. You know, we know that cause 697 00:36:34,090 --> 00:36:36,870 like we saw it happening in person like all the calls you 698 00:36:36,880 --> 00:36:39,670 had in 2022 and 23 people were like we don't have any budgets. 699 00:36:39,680 --> 00:36:42,490 They located from like the parent Co into the wet through 700 00:36:42,500 --> 00:36:45,280 endeavours facts, right. And now you're seeing them 701 00:36:45,290 --> 00:36:48,560 slowly but surely you're just like pile back in into the 702 00:36:48,570 --> 00:36:49,930 space. And again like I just want 703 00:36:49,940 --> 00:36:51,730 people to know there's a lot of people to see on spaces today. 704 00:36:51,740 --> 00:36:54,150 Like this is signals that I personally as someone 705 00:36:54,160 --> 00:36:57,360 immediately look for and we tend to see the signals come in. 706 00:36:57,370 --> 00:37:00,850 So it's really good and you absolutely love to see it on the 707 00:37:00,860 --> 00:37:05,390 NFT front as well here. Bring up DJ's now and it's 708 00:37:05,400 --> 00:37:07,310 beautiful. Now I'm going to bring up DJ's 709 00:37:07,320 --> 00:37:09,500 right now, so I need to get back in that we know what we didn't 710 00:37:09,510 --> 00:37:14,430 do NFT for so long that I lost the habit of of DJ. 711 00:37:16,510 --> 00:37:18,840 Look at this tab right. We can do everything now like on 712 00:37:18,850 --> 00:37:20,440 the first page you can see across. 713 00:37:21,180 --> 00:37:24,430 The first page. You can see across each Solana 714 00:37:24,440 --> 00:37:26,800 Bitcoin you can see the price changes what's what's been going 715 00:37:26,810 --> 00:37:29,130 like you can see right now only really Saga Monkeys has moved 716 00:37:29,140 --> 00:37:32,910 higher over the last 24 hours and Bitcoin puppets again. 717 00:37:32,980 --> 00:37:36,510 But yeah, yeah, it's all dollar price in terms of the floor but 718 00:37:36,560 --> 00:37:38,210 and dollar price in terms of volumes. 719 00:37:38,220 --> 00:37:41,450 But yeah, you should be able to be able to see now across Solana 720 00:37:41,460 --> 00:37:45,270 Bitcoin ordinance at least and and. 721 00:37:47,200 --> 00:37:49,770 That's that is right. So let's go for DJ and quickly 722 00:37:49,780 --> 00:37:52,130 just do a little rundown and see our guests in the audience in 723 00:37:52,140 --> 00:37:53,870 the studio. So it's over the rundown. 724 00:37:53,880 --> 00:37:57,770 So let's start with here. I mean just right across the 725 00:37:57,780 --> 00:38:00,450 board, right. Nothing to add from yesterday I 726 00:38:00,460 --> 00:38:04,210 don't think nothing, anything you know really moved since I 727 00:38:04,220 --> 00:38:06,110 saw quick crypto punk sweep this morning. 728 00:38:06,120 --> 00:38:08,330 So someone that thinks like a few sales on the floor like 729 00:38:08,340 --> 00:38:11,420 really just pure floor sweeps on the punks, great. 730 00:38:11,430 --> 00:38:12,870 This is a great sale in my opinion. 731 00:38:13,000 --> 00:38:17,150 The purple hair like with the with the beard punk clean 71 E 732 00:38:17,160 --> 00:38:21,480 here seems to be the the highest trading NFTS over the last week. 733 00:38:21,490 --> 00:38:24,640 Here have all been crypto punks aside from the rings fidenza. 734 00:38:24,730 --> 00:38:30,660 So that's getting some momentum here on there with a huge 735 00:38:30,670 --> 00:38:32,500 Moonbird dump. I saw Van Goya tweet about it, 736 00:38:32,510 --> 00:38:37,910 but someone sold I think half $1,000,000 worth of numbers and 737 00:38:37,920 --> 00:38:40,810 I think it was a farmer. Now I could, I would love to 738 00:38:40,820 --> 00:38:45,310 stand corrected, but it seems as such it was it. 739 00:38:45,320 --> 00:38:48,730 Someone had dumped 2018 members for $596,000. 740 00:38:48,740 --> 00:38:51,670 Probably a farmer I guess at this level was, but Moonbird is 741 00:38:51,680 --> 00:38:57,570 now on the cusp of umm on the cusp of going under underneath 742 00:38:58,200 --> 00:39:00,550 here. Hard to say. 743 00:39:00,560 --> 00:39:03,990 Surprising the gods now under threes. 744 00:39:04,520 --> 00:39:06,350 It hadn't really broken under threes. 745 00:39:06,760 --> 00:39:11,060 It was really stapled to that bored apes, you know, with 746 00:39:11,070 --> 00:39:14,390 everything happening. Also seeing some major uh, 747 00:39:14,400 --> 00:39:19,650 drawdown to 22 E it held 25 line for a long time. 748 00:39:20,160 --> 00:39:23,510 So that ecosystem is really losing a lot of momentum here in 749 00:39:23,520 --> 00:39:29,050 price action with a not my words, but per what I've read, 750 00:39:29,100 --> 00:39:32,270 underwhelming Other Side trailer. 751 00:39:32,280 --> 00:39:33,810 I don't know. Let's see it for ourselves. 752 00:39:52,740 --> 00:39:57,720 So you know, I saw, you know, a bunch of people, well bunch of 753 00:39:57,730 --> 00:40:01,660 people meaning thread guy and and a bunch of people on the 754 00:40:01,670 --> 00:40:03,720 timeline seems to think that was a bearish trailer. 755 00:40:04,830 --> 00:40:07,490 Ohh bias aside, I don't see this first battle seems bullish 756 00:40:07,500 --> 00:40:08,960 either. It's just cool it's coming. 757 00:40:09,190 --> 00:40:10,420 Something's coming out, you know? 758 00:40:10,430 --> 00:40:13,100 I mean, they've been talking about this forever. 759 00:40:13,510 --> 00:40:16,260 It's gonna happen. You're buying based on the 760 00:40:16,270 --> 00:40:18,990 cinematic trailer? Then I think you're gonna, yeah. 761 00:40:19,000 --> 00:40:21,320 You're buying but I'm also not selling based on the trailer 762 00:40:21,330 --> 00:40:24,060 right. That was 2021 activity and 763 00:40:24,070 --> 00:40:26,190 behaviour we'd leave that behind hopefully. 764 00:40:26,510 --> 00:40:31,140 So that happened on on earth. I think that's that's all we've 765 00:40:31,150 --> 00:40:35,160 seen and then we I'm gonna move on quicker here. 766 00:40:35,450 --> 00:40:38,920 The bigger news as it was on sale on on on originals I saw 767 00:40:38,930 --> 00:40:41,600 this tweet here. It was one of the actually main 768 00:40:41,610 --> 00:40:44,960 contributors to ordinals like one of the guys that like help 769 00:40:45,030 --> 00:40:50,360 really create order laws. From what I'm understanding and 770 00:40:50,730 --> 00:40:56,140 no CB Spears here, this person is one of the main contributors 771 00:40:56,150 --> 00:40:58,440 to ordinals. Like one of the top guys wrote a 772 00:40:58,450 --> 00:41:01,880 whole tweet out about Rock Toshi who is the founder of Behind 773 00:41:02,010 --> 00:41:09,390 Node Monkeys, and immediately immediately saw huge retrace in 774 00:41:09,470 --> 00:41:11,760 Node Monkeys going from point like a 50% drawdown. 775 00:41:11,830 --> 00:41:15,680 So I went to about .14 Bitcoin from a high point, 28 Bitcoin 776 00:41:15,690 --> 00:41:18,530 and then, you know, pump back up to about .17 five Bitcoin where 777 00:41:18,540 --> 00:41:21,440 it's sitting at right now, mind you, which is still a lot of 778 00:41:21,450 --> 00:41:25,930 money with Bitcoin at $45,000. That tweet garner 250,000 views 779 00:41:26,600 --> 00:41:29,720 and talking about allegedly, right? 780 00:41:29,780 --> 00:41:32,380 We haven't checked any of these news sources, but this is what's 781 00:41:32,390 --> 00:41:34,810 being claimed for about 1/2 a year. 782 00:41:34,980 --> 00:41:37,500 Roche has been harassing me, attempting to blackmail me, and 783 00:41:37,510 --> 00:41:39,550 threatening to sue me. He claims to blackmail me with 784 00:41:39,560 --> 00:41:41,700 throttle exposing me, but is vague and won't elaborate. 785 00:41:41,710 --> 00:41:43,630 Look, rather claims are being made here. 786 00:41:43,940 --> 00:41:48,380 I invite everybody to make their own assumptions when it comes to 787 00:41:48,390 --> 00:41:50,330 that. I think we're all grown adults, 788 00:41:50,440 --> 00:41:52,220 so you can go right through South from looking to make your 789 00:41:52,230 --> 00:41:54,010 own decisions based on that. But that happens. 790 00:41:54,020 --> 00:41:59,030 So that is the reason why on DJ ends again you saw this this 791 00:41:59,040 --> 00:42:02,010 drawback to .17 Bitcoin hash things and you meant that was 792 00:42:02,020 --> 00:42:05,630 yesterday I believe went back up and of course the puppets just 793 00:42:05,640 --> 00:42:09,510 garnering all the attention in the in the space right now which 794 00:42:09,650 --> 00:42:14,930 there's just so fun I have to say just they just they just 795 00:42:14,940 --> 00:42:19,300 crack me up And then the Bitcoin frogs which have flipped they 796 00:42:19,310 --> 00:42:23,950 flipped the again and on Solana which is what Manda was talking 797 00:42:23,960 --> 00:42:27,440 about planned thrusters on Solana phones. 798 00:42:28,070 --> 00:42:31,200 Staying rushing it. Crushing it. 799 00:42:31,270 --> 00:42:33,460 Crushing it. Fucking phone. 800 00:42:33,630 --> 00:42:36,760 I mean, dude, wasn't height saying that doesn't be crazy 801 00:42:36,770 --> 00:42:40,060 trade. I didn't buy any really bothered 802 00:42:40,070 --> 00:42:41,880 about that. But you know, I'm happy for the 803 00:42:41,890 --> 00:42:43,280 people who did. I have a lot of friends who 804 00:42:43,290 --> 00:42:45,220 ended up doing it, so I'm really happy to see that. 805 00:42:45,230 --> 00:42:50,080 But the Saga monkeys, which is a what, a 20,010 thousand supply, 806 00:42:50,150 --> 00:42:53,740 they're like what claim for, for for Saga phone holders, which is 807 00:42:53,750 --> 00:42:57,090 called the Saga monkeys. And you know those are 7 1/2, so 808 00:42:57,100 --> 00:42:59,470 on. So which is really the price of 809 00:42:59,480 --> 00:43:00,940 the phone? So. 810 00:43:01,130 --> 00:43:03,060 It's wild. It is wild. 811 00:43:03,130 --> 00:43:06,110 Even if you bought a phone at $3000, you're literally in the 812 00:43:06,120 --> 00:43:08,640 money right now with everything you got like Ben and new friend. 813 00:43:08,830 --> 00:43:11,490 I have a friend that bought it for three Ki think this past 814 00:43:11,500 --> 00:43:12,780 week and I was like, you're crazy. 815 00:43:13,070 --> 00:43:16,320 I $5 No brainer. Set at 3-4 cows like, well, I 816 00:43:16,330 --> 00:43:20,140 don't know like should I just buy $4000 Solana or like 4000 817 00:43:20,150 --> 00:43:23,560 worth of like Vagos or whatever the fuck collections on there or 818 00:43:23,570 --> 00:43:28,240 like a phone and plants or whiff or bunk you know, I mean like 819 00:43:28,310 --> 00:43:33,040 but clearly plant thrusters and dip buyers staying rewarded on 820 00:43:33,050 --> 00:43:38,680 the worst phone of 2023. If you want to hear more on 821 00:43:38,690 --> 00:43:41,380 that, we had a great episode on December 29th. 822 00:43:41,390 --> 00:43:45,300 Raj Gokal, co-founder Solana who came on and also gave us a lot 823 00:43:45,310 --> 00:43:47,840 of alpha, both Solana going into this year but also we talked a 824 00:43:47,850 --> 00:43:51,270 lot about the phone as well. So last, last, last last thing 825 00:43:51,280 --> 00:43:53,700 before we go to global head of policy at Ledger here who is 826 00:43:53,710 --> 00:43:57,020 joining us in the studio was also on the gaming side. 827 00:43:57,030 --> 00:44:00,390 So Pixel Vault thanks a lot. They had a huge burn over the 828 00:44:00,400 --> 00:44:02,620 holidays with the planets which seemed to have been received 829 00:44:02,630 --> 00:44:06,180 very well for their like early you know, community members. 830 00:44:06,550 --> 00:44:12,770 They've released their battle, which is a game dude, that was 831 00:44:12,780 --> 00:44:18,090 loud, Sorry, which is their game that went live on Arbitrium. 832 00:44:18,200 --> 00:44:21,680 Ohh, let's see how that happens, what what happens with that and 833 00:44:21,690 --> 00:44:23,470 how that goes. But there seems to be that which 834 00:44:23,480 --> 00:44:27,750 is also related to NFT's, You know, given that a lot of people 835 00:44:27,760 --> 00:44:30,450 have been, you know, holding these NFT since. 20 other big 836 00:44:30,460 --> 00:44:35,180 one Is I right? 5 billion. 837 00:44:36,350 --> 00:44:39,450 He's soaked millionaire. I don't know but. 838 00:44:39,460 --> 00:44:42,660 Like today, Yeah. Explore that. 839 00:44:42,670 --> 00:44:47,370 I was like, wow. There we just see like one of 840 00:44:47,380 --> 00:44:51,510 our very own, uh, you know, friends, creators of the Night 841 00:44:51,520 --> 00:44:58,550 Show contributors just launch something that went to 1 1/2 842 00:44:58,560 --> 00:45:00,310 billion dollars. Is that is that does that really 843 00:45:00,320 --> 00:45:02,110 happen? I haven't been able to really 844 00:45:02,120 --> 00:45:03,330 like, yeah, take it. Back. 845 00:45:03,380 --> 00:45:07,450 I mean they remember we we said it on the show a a month ago. 846 00:45:07,520 --> 00:45:11,400 We've been and there's the node sale, right? 847 00:45:11,410 --> 00:45:13,060 Like this could be a very big thing. 848 00:45:13,070 --> 00:45:14,930 It's right at the peak of the gaming cycle. 849 00:45:14,940 --> 00:45:18,390 Like notes, this is how they build up your gaming ecosystem. 850 00:45:18,430 --> 00:45:22,970 I think, I think everyone in that node ecosystem basically 851 00:45:22,980 --> 00:45:26,330 already did a 10X right or something crazy I saw, I mean 852 00:45:26,340 --> 00:45:28,780 obviously knows that there's a difficult one to like PV, but I 853 00:45:28,790 --> 00:45:31,650 think we have, we know people who got involved who like 854 00:45:31,660 --> 00:45:33,790 crushed that trade. So yeah, we have, we have a a 855 00:45:33,800 --> 00:45:35,690 fellow team member of ours. I'm not going to because they're 856 00:45:35,700 --> 00:45:39,650 like get into details but made a serious amount of money buying 857 00:45:39,660 --> 00:45:44,990 notes during Art Basel and just trust their plan Any ohh I 858 00:45:45,000 --> 00:45:47,900 didn't tell him you'll go buy nose like bought notes told me 859 00:45:47,910 --> 00:45:51,480 fucking like two later and yesterday the AirDrop that they 860 00:45:51,490 --> 00:45:53,840 received and it not only paid for the notes but they also got 861 00:45:53,850 --> 00:45:55,640 like an extra like $20,000 on top of it. 862 00:45:55,650 --> 00:45:59,860 So it's it's really cool to see. It made me really genuinely 863 00:45:59,870 --> 00:46:03,800 happy to see something like that and even happier knowing that 864 00:46:03,810 --> 00:46:06,400 it's a friend of ours that has just worked so hard to do 865 00:46:06,410 --> 00:46:08,540 something like that. So we should do an episode with 866 00:46:08,550 --> 00:46:10,500 Sophie and Toby. Sophie and Toby. 867 00:46:10,810 --> 00:46:14,350 Toby Tobias was obviously co-founder of Populous and and 868 00:46:14,360 --> 00:46:16,270 because everybody hears a lot about Sobi but I think having 869 00:46:16,280 --> 00:46:18,010 his co-founder was like actually a gaming founder. 870 00:46:18,020 --> 00:46:20,070 Chad could be pretty cool obviously like we're all 871 00:46:20,080 --> 00:46:22,710 advisors to expose always have been since like 2022 as a matter 872 00:46:22,720 --> 00:46:25,090 of fact. So for me personally, like, I 873 00:46:25,100 --> 00:46:28,360 love like having that time stamp of like believing in Sobi and 874 00:46:28,370 --> 00:46:31,430 like June 2022, I went back yesterday on purpose just to see 875 00:46:31,440 --> 00:46:34,410 when I was like, let's fucking go and look at back at in 876 00:46:34,420 --> 00:46:40,870 January 2024, four and just. Like what was happening in June 877 00:46:40,880 --> 00:46:46,520 Fucking 22 as well, like. 20/22 was at $800. 878 00:46:47,050 --> 00:46:49,480 I think we we were brought on autumn, which is like literally 879 00:46:49,490 --> 00:46:51,460 around the week that FDX happened, I remember. 880 00:46:51,470 --> 00:46:53,670 Thinking you guys were brown and the year and we were born with 881 00:46:53,680 --> 00:46:55,260 these beginning of like mid year. 882 00:46:56,690 --> 00:47:00,550 Next e-mail we got from them was being like, FTX just happened, 883 00:47:01,760 --> 00:47:03,960 We're not going to do this on sale anymore guys. 884 00:47:03,970 --> 00:47:06,660 That was that was the next that was the next thing that I got. 885 00:47:06,670 --> 00:47:07,570 I was like. Wow. 886 00:47:07,580 --> 00:47:08,950 He's open about it, right? I mean. 887 00:47:10,660 --> 00:47:12,430 Oh my God. Oh my God. 888 00:47:12,440 --> 00:47:16,090 Oh my God. You're not classic, Sophie is. 889 00:47:16,160 --> 00:47:18,010 I had done that. I would have been off the show 890 00:47:18,080 --> 00:47:21,910 cancelled. Yeah, but you cancelled ground 891 00:47:21,920 --> 00:47:22,930 out. Are you in brown Dow? 892 00:47:22,940 --> 00:47:24,630 You're not in brown down, so you can't say it. 893 00:47:25,080 --> 00:47:29,710 But you know, I have to, I have to say like, you know he 894 00:47:29,780 --> 00:47:32,530 literally talks about how they lost almost everything. 895 00:47:32,540 --> 00:47:34,950 You all all saw him florist punk, so that he could like 896 00:47:35,140 --> 00:47:37,430 sustain his fucking self during FTX. 897 00:47:37,480 --> 00:47:40,150 That's what was comic story. So bear markets are meant to not 898 00:47:40,160 --> 00:47:43,220 only book like double down on people like that you think will 899 00:47:43,230 --> 00:47:45,590 be building through it, but also double down on your conviction 900 00:47:45,600 --> 00:47:48,170 beds. Some of it was a theorem Bitcoin 901 00:47:48,240 --> 00:47:50,730 a lot of people bet on. Solana got rewarded heavily 902 00:47:50,740 --> 00:47:52,290 1000%. Congratulations. 903 00:47:52,470 --> 00:47:54,420 But for us for example, it's like betting on something soft 904 00:47:54,430 --> 00:47:55,650 and I think it's really cool to see that. 905 00:47:55,660 --> 00:47:58,310 So we'll have more. Anyways, Um, that's great. 906 00:47:58,380 --> 00:47:59,630 This was a really good conversation. 907 00:47:59,640 --> 00:48:02,070 Let's go to our special guest today. 908 00:48:02,340 --> 00:48:06,270 You know also you know our show sponsors, Ledger, longtime 909 00:48:06,280 --> 00:48:08,110 collaborators. We've worked with them a lot 910 00:48:08,120 --> 00:48:10,830 over the last three years as a matter of fact and and glad to 911 00:48:10,840 --> 00:48:14,690 see that we have a lot coming. We have set hurt line joining us 912 00:48:14,700 --> 00:48:18,330 Global Head of Public Policy at Ledger. 913 00:48:18,380 --> 00:48:20,290 Seth, how you doing today? Good morning. 914 00:48:21,640 --> 00:48:24,080 When I got there, I How are you guys today? 915 00:48:24,090 --> 00:48:27,130 Doing well, doing well. We're little. 916 00:48:27,440 --> 00:48:30,800 No, it's it's a big day. And anything going on today that 917 00:48:30,810 --> 00:48:33,870 we should talk about it? On the public policy side, 918 00:48:33,880 --> 00:48:34,770 anything. Yeah. 919 00:48:34,860 --> 00:48:36,670 Anything happened in public, don't know. 920 00:48:36,680 --> 00:48:38,190 It's something going on public policy. 921 00:48:40,280 --> 00:48:44,010 I mean, damn, it's been a it's been a it's been absolutely 922 00:48:44,020 --> 00:48:46,500 insane what went down. I mean what from from your 923 00:48:46,510 --> 00:48:48,020 perspective. I mean Seth, let me let me just 924 00:48:48,030 --> 00:48:49,240 kick to you. I mean you're you're head of 925 00:48:49,250 --> 00:48:51,450 public policy at a very important company with crypto. 926 00:48:51,800 --> 00:48:53,870 You've had to deal with your fair share of stuff over the 927 00:48:53,880 --> 00:48:56,560 holidays. What do you make of what 928 00:48:56,570 --> 00:48:58,600 happened yesterday with with the SEC? 929 00:49:00,530 --> 00:49:01,830 Well, you know, what is there to say? 930 00:49:01,840 --> 00:49:05,570 I mean, it's just a fuck up, you know? 931 00:49:05,580 --> 00:49:08,800 And I know, I know you guys covered the, you know, the the 932 00:49:08,840 --> 00:49:12,230 account takeover and the and the false tweet and and and all of 933 00:49:12,240 --> 00:49:15,650 that circus, you know, it's not really a policy issue. 934 00:49:16,080 --> 00:49:22,020 It's sort of fun to watch. Not when you're when, not when 935 00:49:22,030 --> 00:49:25,450 you're long. Well, you know, an interesting 936 00:49:25,460 --> 00:49:28,130 thing I saw and I can't take credit for this, someone else 937 00:49:28,140 --> 00:49:32,980 had a great thought and I saw, I saw the tweet the the spike and 938 00:49:32,990 --> 00:49:36,030 then the crater immediately after the the false tweet wiped 939 00:49:36,040 --> 00:49:39,370 out all of the leverage longs and leveraged shorts and it's 940 00:49:39,380 --> 00:49:43,180 sort of cleared the deck for you know, I think what everyone 941 00:49:43,190 --> 00:49:46,230 still expects to be to be the approval today. 942 00:49:46,240 --> 00:49:49,990 So it you know in a sense it couldn't have gone better for 943 00:49:50,060 --> 00:49:58,450 for Hodlers just to to to clear out a lot of that you know a lot 944 00:49:58,460 --> 00:50:01,120 of that volatility out of the way and so now we now we have a 945 00:50:01,170 --> 00:50:04,170 sort of a clean market to to to launch from. 946 00:50:04,990 --> 00:50:07,040 No. Yo, I I, I absolutely love that. 947 00:50:07,050 --> 00:50:10,940 And so being like that you work you know at at Ledger and and 948 00:50:10,950 --> 00:50:12,830 you you probably have a, you know I'm assuming you have a 949 00:50:12,840 --> 00:50:15,700 deep understanding of like US and like global regulatory 950 00:50:15,710 --> 00:50:17,420 framework. I kind of wanna ask you right 951 00:50:17,790 --> 00:50:20,470 it's funny because in the fake tweet yesterday announcement 952 00:50:20,480 --> 00:50:23,420 there was a fake obviously now quote from the reason why I 953 00:50:23,490 --> 00:50:25,570 totally fell for it. Even the quote from Gary Gensler 954 00:50:25,580 --> 00:50:28,850 was so well written like the way this was executed I got to give 955 00:50:28,860 --> 00:50:31,980 the hacker his kudos like that was really well done. 956 00:50:32,050 --> 00:50:34,360 There was a quote saying I'm proud. 957 00:50:34,370 --> 00:50:38,270 I'm happy to see you know the US investors protected within the 958 00:50:38,280 --> 00:50:40,830 regulatory framework. Do you want to talk about the 959 00:50:40,840 --> 00:50:44,170 importance of having a regulatory framework in the 960 00:50:44,180 --> 00:50:45,710 United States of America with regards to crypto? 961 00:50:47,520 --> 00:50:49,150 Sure. And you know the and this is a 962 00:50:49,160 --> 00:50:52,830 very common misconception right. The sort of crypto opponents and 963 00:50:52,840 --> 00:50:55,920 public policy and and and Congress and and and throughout 964 00:50:55,930 --> 00:50:58,390 the administration various places including Chair Ginzer 965 00:50:59,420 --> 00:51:02,530 frequently you commonly hear this refrain of you know crypto 966 00:51:02,540 --> 00:51:05,430 is the Wild West. It's it's unregulated, right? 967 00:51:05,740 --> 00:51:07,910 That that couldn't be further from the truth. 968 00:51:09,340 --> 00:51:13,630 Crypto is is regulated in a variety of different ways by a 969 00:51:13,640 --> 00:51:17,990 variety of different agencies at a variety of different levels in 970 00:51:18,060 --> 00:51:23,380 in this country all of anything that touches Fiat, anything you 971 00:51:23,390 --> 00:51:27,940 might call an on ramp is is regulated in every single state 972 00:51:27,950 --> 00:51:32,450 in which they operate as well as having to to register with the 973 00:51:32,460 --> 00:51:36,140 Treasury Department. Lots of other activities that 974 00:51:36,150 --> 00:51:39,200 that touch crypto in various ways are are are regulated. 975 00:51:39,470 --> 00:51:44,220 What is lacking is a comprehensive market regulatory 976 00:51:44,230 --> 00:51:47,950 structure the same way that we have for securities. 977 00:51:49,960 --> 00:51:52,580 And and you know, so if you want to, you know if you want to take 978 00:51:52,590 --> 00:51:56,720 that specific slice and sort of say you know, because we don't 979 00:51:56,730 --> 00:52:01,430 have a comprehensive, you know, market structure regulation in 980 00:52:01,440 --> 00:52:04,570 place that the whole thing is unregulated like you know, OK, I 981 00:52:04,580 --> 00:52:08,670 don't think that's, I don't think that's big genuine, you 982 00:52:08,680 --> 00:52:11,130 know, but you know but I think that's where it comes from. 983 00:52:11,300 --> 00:52:18,090 Now there is a bill in Congress called the the FIT Act that was 984 00:52:18,100 --> 00:52:20,790 passed out of the House Financial Services Committee at 985 00:52:20,800 --> 00:52:24,350 the end of July that would provide a a comprehensive 986 00:52:24,360 --> 00:52:28,310 regulatory framework for digital asset markets. 987 00:52:30,700 --> 00:52:33,480 Getting out of of the House Financial Services Committee is 988 00:52:33,490 --> 00:52:36,770 the farthest that a bill like that has gotten in in the US 989 00:52:36,780 --> 00:52:39,570 Congress. It's likely, I would say likely 990 00:52:39,580 --> 00:52:44,150 to get a floor vote in the House this year, but then that's 991 00:52:44,160 --> 00:52:47,130 probably as far as it's going to go unfortunately. 992 00:52:47,140 --> 00:52:51,890 So the the the politics still aren't ripe for a bill to 993 00:52:51,900 --> 00:52:55,280 actually get through. So I think you know that the 994 00:52:55,290 --> 00:53:00,760 outlook is status quo more of the same and I think the only 995 00:53:00,770 --> 00:53:04,120 thing that could really change that outlook is, is the November 996 00:53:04,130 --> 00:53:07,060 election. So what does the November 997 00:53:07,070 --> 00:53:09,500 election in your opinion bring towards like regulation around 998 00:53:09,510 --> 00:53:12,890 like cryptocurrencies in general do you think are you looking 999 00:53:12,900 --> 00:53:15,780 into it like in a positive light like obviously Bitcoin, TASCO, 1000 00:53:15,990 --> 00:53:18,500 obviously, sorry after yesterday you don't know but looks like 1001 00:53:18,510 --> 00:53:20,820 it's gonna be approved today within by 6:00 PM Eastern 1002 00:53:20,830 --> 00:53:23,590 Standard Time potentially for trading tomorrow for Valkyrie. 1003 00:53:25,140 --> 00:53:27,220 And So what do you think that means for the other products 1004 00:53:27,230 --> 00:53:28,480 within cryptocurrency? Right. 1005 00:53:28,720 --> 00:53:31,640 ETH has been talked about us mostly as commodity not even 1006 00:53:31,650 --> 00:53:35,370 security which is good within I think it was the New York judges 1007 00:53:35,530 --> 00:53:38,650 and then but however a lot of the been talked about you know 1008 00:53:38,660 --> 00:53:40,220 putting the bag of like securities. 1009 00:53:40,450 --> 00:53:41,810 What? What do you think happens this 1010 00:53:41,820 --> 00:53:44,220 year with like a coming election and everything? 1011 00:53:45,540 --> 00:53:49,230 Well, I mean there's a lot of time between, you know, between 1012 00:53:49,240 --> 00:53:53,750 now and November and you know the the in in Inside the 1013 00:53:53,760 --> 00:53:56,490 Beltway, you know what we refer to as political silly season 1014 00:53:56,500 --> 00:53:59,230 really hasn't quite started yet. So that. 1015 00:53:59,240 --> 00:54:01,310 Political silly season. I like that. 1016 00:54:01,400 --> 00:54:04,690 Political silly season. So, you know, I I to me that 1017 00:54:04,700 --> 00:54:08,990 really starts sort of after, you know, after Super Tuesday when 1018 00:54:09,040 --> 00:54:15,030 most of you know the the the state's presidential delegates 1019 00:54:15,040 --> 00:54:18,940 are assigned and so you pretty much know who you know who the 2 1020 00:54:18,950 --> 00:54:21,280 presidential candidates are going to be going into the fall. 1021 00:54:21,430 --> 00:54:25,200 That's really when it starts. What that means is we have a few 1022 00:54:25,210 --> 00:54:30,240 months left of, you know, of sort of viable legislating time 1023 00:54:30,650 --> 00:54:33,860 in Congress that that things can actually get done after 1024 00:54:33,910 --> 00:54:39,150 political silly season starts. You know, no real attempts at 1025 00:54:39,160 --> 00:54:41,170 legislating will will be successful. 1026 00:54:41,320 --> 00:54:43,930 You'll see a lot of messaging bills that are designed to help 1027 00:54:44,000 --> 00:54:48,510 you know people's campaigns and and then everyone's just sort of 1028 00:54:48,520 --> 00:54:52,250 in wait and see mode, you know until after the election. 1029 00:54:52,600 --> 00:54:55,490 So we've got a few months left for something to get done. 1030 00:54:55,700 --> 00:54:59,550 There's a lot of sort of heavy lifting must pass legislation 1031 00:54:59,560 --> 00:55:02,370 totally unrelated to crypto that is going to take up most of the 1032 00:55:02,380 --> 00:55:05,090 congressional calendar. So I mean my personal view is 1033 00:55:05,100 --> 00:55:08,170 that the time, the clock is more or less run out for this 1034 00:55:08,180 --> 00:55:10,040 Congress. You know, I I don't think 1035 00:55:10,050 --> 00:55:14,970 there's a lot of opportunity for for for bills of any consequence 1036 00:55:14,980 --> 00:55:19,030 to to really be considered. There's maybe a few scenarios we 1037 00:55:19,040 --> 00:55:23,040 could talk about. But, but my general outlook from 1038 00:55:23,080 --> 00:55:26,670 you know, the start of the year is is that times up and and 1039 00:55:26,680 --> 00:55:30,300 we're not going to see, well, we'll have to see the outcome of 1040 00:55:30,310 --> 00:55:34,370 the election before we can see if if if any crypto bills have a 1041 00:55:34,380 --> 00:55:36,080 real chance in the next Congress. 1042 00:55:36,840 --> 00:55:41,970 And and let's say we have a let's say, I mean the odds are 1043 00:55:42,020 --> 00:55:45,640 are now looking like it could be Republican, maybe even Donald 1044 00:55:45,650 --> 00:55:46,290 Trump. Again. 1045 00:55:46,300 --> 00:55:50,050 He, during his last cycle, wasn't really that crypto 1046 00:55:50,060 --> 00:55:52,880 friendly. No, I mean he dropped NFTS this 1047 00:55:52,890 --> 00:55:54,370 cycle though. The. 1048 00:55:54,380 --> 00:55:57,080 Reflections. Week he's doing NFT Shield 1049 00:55:57,090 --> 00:56:00,570 videos. What's your sense of like the 1050 00:56:00,580 --> 00:56:03,650 Republican Party in general? Like do you think that there is 1051 00:56:03,700 --> 00:56:06,710 more a softening of an approach to crypto? 1052 00:56:06,720 --> 00:56:08,940 Do you think this could be a A1 where we actually see some 1053 00:56:08,950 --> 00:56:11,910 comprehensive regulation with, or do you think it's still too 1054 00:56:11,920 --> 00:56:16,860 early for even even the Republican Party to come forward 1055 00:56:16,870 --> 00:56:20,440 with something? So I, you know you you talked 1056 00:56:20,450 --> 00:56:23,590 about, you know the presidential and then and also Congress and 1057 00:56:23,600 --> 00:56:27,780 there are two very different things in in terms of what what 1058 00:56:27,790 --> 00:56:30,600 they mean for you know for crypto and policy. 1059 00:56:31,210 --> 00:56:35,380 I think the most important thing that the sort of the crypto 1060 00:56:35,390 --> 00:56:40,130 community should wish for and and should you know by through 1061 00:56:40,140 --> 00:56:43,620 their through their votes attempt to make happen is is a 1062 00:56:43,630 --> 00:56:46,710 change in the administration. That's that's the White House 1063 00:56:46,720 --> 00:56:49,160 that's the presidency and then all of the executive agencies 1064 00:56:49,170 --> 00:56:52,900 they're under the the administration has become 1065 00:56:53,850 --> 00:56:58,080 outwardly hostile to crypto to digital assets to all of it 1066 00:56:58,130 --> 00:57:01,790 right and and and it's not just rhetoric anymore they're they're 1067 00:57:01,800 --> 00:57:04,400 taking actual steps in a variety of different ways. 1068 00:57:04,690 --> 00:57:08,980 It's not. It doesn't seem real organised 1069 00:57:08,990 --> 00:57:14,220 or or you know sort of thought out. 1070 00:57:14,270 --> 00:57:17,080 It's each each agency sort of doing things on their own 1071 00:57:17,090 --> 00:57:19,420 schedule in their own way. But it's but it's uniformly 1072 00:57:19,430 --> 00:57:22,420 hostile, right. So the the best thing for crypto 1073 00:57:22,430 --> 00:57:24,520 is would be for a change in the administration. 1074 00:57:24,570 --> 00:57:27,940 Even if that means going back to a Donald Trump who is no friend 1075 00:57:28,570 --> 00:57:32,310 right, but is is certainly less bad, less of an enemy than than 1076 00:57:32,320 --> 00:57:34,250 the current the current administration. 1077 00:57:35,570 --> 00:57:37,910 Congress is a different matter. It's a bit more complicated. 1078 00:57:38,980 --> 00:57:43,750 There are sort of friends and enemies among both parties in 1079 00:57:43,760 --> 00:57:47,510 Congress, But if you had to sort of weigh them on balance, 1080 00:57:47,520 --> 00:57:52,490 Republicans tend to be more open to digital assets than than 1081 00:57:52,500 --> 00:57:55,160 Democrats. There are notable exceptions, 1082 00:57:55,170 --> 00:57:58,260 again, on both sides. And, you know, we don't have the 1083 00:57:58,270 --> 00:58:00,950 luxury of of sort of picking one side or the other. 1084 00:58:00,960 --> 00:58:03,330 We, you know, we have to celebrate our friends wherever 1085 00:58:03,340 --> 00:58:05,840 they wherever they are because they're they're few and far 1086 00:58:05,850 --> 00:58:11,900 between. But in Congress, my base case 1087 00:58:11,910 --> 00:58:16,320 right now is that both chambers flip, meaning that Republicans 1088 00:58:16,330 --> 00:58:19,980 take over the Senate and Democrats take over the House. 1089 00:58:20,050 --> 00:58:22,950 That that would be basically a reversal of of where we are 1090 00:58:22,960 --> 00:58:27,340 right now, where Democrats hold the Senate and Republicans hold 1091 00:58:27,350 --> 00:58:29,830 the House both by very, very slim margins. 1092 00:58:31,020 --> 00:58:38,680 That doesn't change a whole lot. A Republican Senate, I guess, is 1093 00:58:38,690 --> 00:58:43,680 helpful if the current administration hangs on because 1094 00:58:44,230 --> 00:58:46,600 their administrative appointees have to be confirmed by the 1095 00:58:46,610 --> 00:58:49,500 Senate, and so a Republican Senate would force them to 1096 00:58:49,510 --> 00:58:52,110 moderate who they nominate for key positions. 1097 00:58:52,300 --> 00:58:59,420 That could be helpful aside from that because because there's 1098 00:58:59,430 --> 00:59:02,070 still a filibuster in the Senate, meaning you have to have 1099 00:59:02,080 --> 00:59:05,070 a 60 vote threshold to overcome a a filibuster. 1100 00:59:05,140 --> 00:59:08,750 It would still mean that any lone Democrat, you know think 1101 00:59:08,760 --> 00:59:12,510 Elizabeth Warren could still block essentially any pro crypto 1102 00:59:12,520 --> 00:59:17,040 bill that that that might start to to get traction or come over 1103 00:59:17,050 --> 00:59:20,340 from the House. It's still a recipe for 1104 00:59:20,350 --> 00:59:25,300 gridlock. It it's it's really To see 1105 00:59:25,310 --> 00:59:29,200 meaningful legislation get done, you almost have to have a 1106 00:59:29,210 --> 00:59:33,250 trifecta, meaning one party holds all three, both chambers 1107 00:59:33,260 --> 00:59:36,290 of Congress and the White House. That's rare. 1108 00:59:36,300 --> 00:59:39,660 And and and the American public doesn't typically like trifectas 1109 00:59:39,790 --> 00:59:41,740 when they happen. They usually only last one 1110 00:59:41,750 --> 00:59:43,730 election cycle, which is 2 years, and then something 1111 00:59:43,740 --> 00:59:48,220 breaks. So I, you know, I'm not 1112 00:59:48,230 --> 00:59:50,600 optimistic that we're going to see significant crypto 1113 00:59:50,610 --> 00:59:52,160 legislation in the immediate future. 1114 00:59:52,370 --> 00:59:53,720 OK. OK. 1115 00:59:53,730 --> 00:59:55,680 So that, I mean that means, I'm assuming that's something that 1116 00:59:55,690 --> 00:59:59,020 we have to wait, right, quite a long time after there's a new 1117 00:59:59,750 --> 01:00:02,540 governing body. Government in place. 1118 01:00:02,550 --> 01:00:05,900 So it's a it's it's gonna be it's gonna be an interesting 1119 01:00:05,910 --> 01:00:08,000 next cycle right for after the elections. 1120 01:00:08,010 --> 01:00:10,810 I mean what, what do you think, what can you expect, right. 1121 01:00:10,820 --> 01:00:13,270 Do you think next this coming bull cycle, I guess if I had 1122 01:00:13,340 --> 01:00:16,190 something else to ask you like regarding like regulation in 1123 01:00:16,200 --> 01:00:18,170 general, we we think in the United States could. 1124 01:00:18,540 --> 01:00:20,880 I just want to. Yeah, like globally as well. 1125 01:00:20,890 --> 01:00:25,150 Like legends of French company, they met with full regulation 1126 01:00:25,980 --> 01:00:28,470 like producing assets the UK has. 1127 01:00:28,540 --> 01:00:32,630 Like it's a how, how, how is legit thinking about this like 1128 01:00:32,670 --> 01:00:35,750 globally developing? Is it the UK is going to be left 1129 01:00:35,760 --> 01:00:37,340 US is going to be left behind here. 1130 01:00:37,940 --> 01:00:41,400 I mean 2024 is going to be a fascinating year politically 1131 01:00:41,410 --> 01:00:43,020 speaking. You know, we just talked about 1132 01:00:43,030 --> 01:00:46,660 the US with with a big upcoming election, but there are very, 1133 01:00:46,670 --> 01:00:49,610 very meaningful elections also scheduled to take place in the 1134 01:00:49,620 --> 01:00:56,000 EU in May and June that will that will sort of reset the 1135 01:00:56,010 --> 01:00:58,540 parliament and give a new mandate to the Commission and 1136 01:00:58,550 --> 01:01:00,700 there'll be a lot of personnel changes there. 1137 01:01:01,030 --> 01:01:06,680 The way that that is looking is the polls suggest a rightward 1138 01:01:06,690 --> 01:01:13,170 shift toward more sort of nationalist political 1139 01:01:13,180 --> 01:01:18,220 candidates, away from sort of Eurocentric, which means sort of 1140 01:01:19,170 --> 01:01:22,020 sort of returning more power to the national capitals versus to 1141 01:01:22,030 --> 01:01:25,720 Brussels. I think that's probably good for 1142 01:01:25,730 --> 01:01:30,850 crypto given the the way that the last mandate went for us in 1143 01:01:30,860 --> 01:01:35,030 a number of ways. There's also a big upcoming 1144 01:01:35,040 --> 01:01:39,350 election in the UK in in 2024 that is likely to see the Labour 1145 01:01:39,360 --> 01:01:43,390 Party take over from the Tories for the first time in in a very 1146 01:01:43,400 --> 01:01:49,040 long time. Um, UK remains the most 1147 01:01:49,050 --> 01:01:52,160 interesting to me, actually, because it's the it's the least 1148 01:01:52,210 --> 01:01:53,520 certain. It could go a number of 1149 01:01:53,530 --> 01:01:55,480 different ways. What? 1150 01:01:55,490 --> 01:01:57,680 What does seem certain is a Labour takeover. 1151 01:01:59,310 --> 01:02:03,590 But crypto seems very low on on Labour's priority list, right? 1152 01:02:03,600 --> 01:02:05,370 They've been out of power for a long time. 1153 01:02:05,380 --> 01:02:06,940 They've got a very long wish list. 1154 01:02:06,950 --> 01:02:10,110 Crypto just isn't on it. Generally, I think that's OK. 1155 01:02:11,550 --> 01:02:14,360 You know, you know, sort of leave us alone, let us build 1156 01:02:14,370 --> 01:02:15,110 that. That's fine. 1157 01:02:15,120 --> 01:02:17,800 I'm OK with that. The only thing that gives me a 1158 01:02:17,810 --> 01:02:22,540 little bit of pause is, you know, while the government and 1159 01:02:22,550 --> 01:02:26,620 parliament has been largely open and friendly toward crypto, some 1160 01:02:26,630 --> 01:02:31,320 of the UK regulators, including the FCA have not been. 1161 01:02:31,750 --> 01:02:34,370 And so one of my question marks, one of the things that I'm going 1162 01:02:34,380 --> 01:02:38,500 to be watching in the UK is you know with a with a Labour 1163 01:02:38,510 --> 01:02:44,470 takeover of the government does that embolden the FCA to be sort 1164 01:02:44,480 --> 01:02:49,970 of more you know more hostile or take stronger actions against 1165 01:02:50,520 --> 01:02:53,820 the the crypto industry and and and and players. 1166 01:02:55,030 --> 01:02:57,580 But all three of those elections like I said are gonna be 1167 01:02:57,590 --> 01:03:00,810 fascinating to watch They they will all have significant 1168 01:03:00,820 --> 01:03:04,800 implications for for the crypto community globally. 1169 01:03:05,370 --> 01:03:06,520 So this is going to be a big year. 1170 01:03:07,720 --> 01:03:10,090 Baker, I like that. I like. 1171 01:03:10,100 --> 01:03:13,090 I like hearing Baker the You're talking my language now Seth. 1172 01:03:13,140 --> 01:03:17,760 So it's something I I really like. 1173 01:03:17,770 --> 01:03:22,910 So I guess like last thing for you here you know it's you know 1174 01:03:22,920 --> 01:03:25,870 what do we what should we expect, what should we expect 1175 01:03:25,880 --> 01:03:27,750 actually, no. I wanna ask you about what's 1176 01:03:27,760 --> 01:03:30,900 happening currently because we talk about a lot about the SEC 1177 01:03:31,020 --> 01:03:33,670 we talked about Mando actually was mentioning earlier this week 1178 01:03:33,680 --> 01:03:35,120 on the show. They have their hands full right 1179 01:03:35,130 --> 01:03:38,630 now with a lot of different cases, right you have you have 1180 01:03:38,640 --> 01:03:40,720 Wells notices sent out to a bunch of empty projects for the 1181 01:03:40,730 --> 01:03:44,950 scores over the last two years. You have What is the coin base 1182 01:03:44,960 --> 01:03:48,030 case, which is Major tracking Binance. 1183 01:03:49,260 --> 01:03:51,790 What do you think happens with with everything that's dealing 1184 01:03:51,800 --> 01:03:52,450 with at the? Moment. 1185 01:03:52,460 --> 01:03:54,000 I mean, they're, you know, they're still fighting with 1186 01:03:54,010 --> 01:03:55,720 Ripple. Ripple, yes. 1187 01:03:55,920 --> 01:04:00,130 You know it's it's a it's a great point to raise. 1188 01:04:00,140 --> 01:04:04,000 It's one that I've raised myself which is you know the the the 1189 01:04:04,010 --> 01:04:08,350 SEC is a very powerful agency but they have they have limits 1190 01:04:08,360 --> 01:04:10,430 right there. You know they they only have so 1191 01:04:10,440 --> 01:04:14,230 much budget. They only have so much staff and 1192 01:04:14,820 --> 01:04:18,650 you know the the enforcement section there from what I can 1193 01:04:18,660 --> 01:04:23,560 tell is is up to their eyeballs in in major crypto cases with 1194 01:04:23,570 --> 01:04:26,300 well funded defendants that are fighting back. 1195 01:04:28,190 --> 01:04:33,060 That takes a lot of of staff resources and time and and 1196 01:04:33,070 --> 01:04:37,240 everything you know. But crypto is a small little 1197 01:04:37,250 --> 01:04:39,730 piece of what the SEC has to think about right. 1198 01:04:39,740 --> 01:04:42,900 If you look at, just think about it in terms of market cap versus 1199 01:04:43,010 --> 01:04:46,660 all the other securities that exist in the in, in the US 1200 01:04:46,670 --> 01:04:51,510 markets, the SEC still has to police all of that, all the 1201 01:04:51,520 --> 01:04:55,570 public companies, all of all the stock exchanges, all the bond 1202 01:04:55,640 --> 01:05:01,300 markets, right? And so there has to be a limit 1203 01:05:01,350 --> 01:05:05,300 to the enforcement section's ability to continue to harass 1204 01:05:05,510 --> 01:05:10,650 crypto companies, right? And the more the fight back, you 1205 01:05:10,660 --> 01:05:15,110 know, I think the more they have to be judicious with who they 1206 01:05:15,120 --> 01:05:17,690 target in the 1st place because they're they're they're gonna 1207 01:05:17,700 --> 01:05:22,190 reach a capacity for doing this sort of thing if they haven't 1208 01:05:22,200 --> 01:05:24,170 already. OK. 1209 01:05:24,280 --> 01:05:26,470 Yeah, that makes sense that that that's aligned with like 1210 01:05:26,480 --> 01:05:27,910 everything we've been kind of talking about here. 1211 01:05:27,920 --> 01:05:30,210 It's just good that we have you because you're obviously better 1212 01:05:30,220 --> 01:05:31,780 positioned to to confirm everything. 1213 01:05:31,790 --> 01:05:36,730 It looks like they have a lot of work on on on their hands. 1214 01:05:36,780 --> 01:05:39,110 I guess last question, fun question, what happens today, 1215 01:05:39,120 --> 01:05:41,710 Seth? What happens after what happens? 1216 01:05:41,780 --> 01:05:45,070 What's your cheeky little prediction for us on the Bitcoin 1217 01:05:45,080 --> 01:05:47,510 ETF approval or what? Look, I, you know, I don't know 1218 01:05:47,520 --> 01:05:48,710 anything that you guys don't know. 1219 01:05:49,760 --> 01:05:54,170 You know what? What I will say is that you know 1220 01:05:54,290 --> 01:05:57,030 for me if I was, if I was a betting man I'd, I'd, I'd say 1221 01:05:57,040 --> 01:06:02,300 it's approved. You're reading the the courts 1222 01:06:02,750 --> 01:06:07,190 decision in in the grayscale case the, you know, the court 1223 01:06:07,200 --> 01:06:09,370 was very explicit. It was a very, very well written 1224 01:06:09,380 --> 01:06:12,440 decision and and they really painted the SEC into a corner. 1225 01:06:13,070 --> 01:06:16,580 They did not give them a lot of wiggle room here. 1226 01:06:17,800 --> 01:06:20,290 And and I think that's, you know, when you saw the SEC 1227 01:06:20,300 --> 01:06:23,620 choose not to appeal that decision, that was them waving 1228 01:06:23,630 --> 01:06:26,580 the white flag. That was them saying OK you, you 1229 01:06:26,590 --> 01:06:29,310 beat us, right. I I think for me that was the 1230 01:06:29,320 --> 01:06:33,790 moment when, you know, I thought the approval was was locked in. 1231 01:06:33,800 --> 01:06:36,510 And then everything that we've seen since then from the level 1232 01:06:36,520 --> 01:06:38,940 of activity between the staff and the applicants, getting the 1233 01:06:38,950 --> 01:06:44,330 files ready even to, you know sort of a lot of the social 1234 01:06:44,340 --> 01:06:47,890 media that you've seen coming out of the SEC official account 1235 01:06:47,900 --> 01:06:50,570 and coming out of Garry's account, you know is sort of 1236 01:06:50,580 --> 01:06:52,560 prepping the market for FOMO, right. 1237 01:06:52,570 --> 01:06:54,810 You don't do that unless you know what's coming. 1238 01:06:55,580 --> 01:06:59,650 So I I would be, I would be shocked if we don't get an 1239 01:06:59,660 --> 01:07:02,450 approval today. I think that would be a very, 1240 01:07:02,460 --> 01:07:06,020 very ballsy move on on the part of the SEC's. 1241 01:07:06,030 --> 01:07:09,110 You know that's basically a a burn it down take us to court 1242 01:07:09,120 --> 01:07:10,570 like we're going to fight to the bitter end. 1243 01:07:12,040 --> 01:07:15,640 Not that I think they're beyond that but I thought I think if 1244 01:07:15,650 --> 01:07:17,720 they were going to do that they would have appealed the the 1245 01:07:17,730 --> 01:07:19,390 grayscale decision in the 1st place. 1246 01:07:19,780 --> 01:07:21,790 So I'm, I'm fully expecting approval. 1247 01:07:22,220 --> 01:07:25,440 They they like I said at the top they they gave us that help with 1248 01:07:25,450 --> 01:07:29,450 the with the fake tweet that sort of cleared the you know 1249 01:07:29,460 --> 01:07:31,350 cleared the the leverage out of the markets for us. 1250 01:07:31,360 --> 01:07:32,840 So I think we're, I think we're all set. 1251 01:07:33,610 --> 01:07:36,280 All right, well, there you go. You know, there you go. 1252 01:07:36,290 --> 01:07:40,020 It's as if, as if Y'all didn't get enough confirmations in the 1253 01:07:40,030 --> 01:07:43,040 audience over the last few days. We can go out Weaving got a fake 1254 01:07:43,050 --> 01:07:45,040 one. Weaving got a fake one. 1255 01:07:45,050 --> 01:07:46,640 We're gonna get a proof twice today. 1256 01:07:46,650 --> 01:07:50,620 So that's sad, says Hurtling. Here, global head of policy at 1257 01:07:50,630 --> 01:07:52,600 Ledger. Thank you so much for for coming 1258 01:07:52,610 --> 01:07:53,710 on today. I appreciate you when you're 1259 01:07:53,720 --> 01:07:54,600 insight. Yeah. 1260 01:07:54,610 --> 01:07:56,300 Thank you guys. Thank you, Sir. 1261 01:07:56,360 --> 01:07:58,120 Have a good one. All right. 1262 01:07:58,130 --> 01:08:01,620 Well, Mando, Mando, Mando, Mando Looks like we're about to have 1263 01:08:01,630 --> 01:08:06,040 an exciting and an exciting, an exciting afternoon today. 1264 01:08:06,430 --> 01:08:08,340 Looks like we're gonna have a late night of a late. 1265 01:08:08,350 --> 01:08:10,560 Night, I think. What do you think back on earth? 1266 01:08:10,610 --> 01:08:14,260 Ohh, by this time tomorrow. Like Showtime like 10:30. 1267 01:08:14,490 --> 01:08:20,340 Showtime. Showtime both higher for sure I 1268 01:08:20,350 --> 01:08:23,000 think. I mean, because we flushed out, 1269 01:08:23,010 --> 01:08:24,140 right? Fuck like that. 1270 01:08:24,149 --> 01:08:26,520 Sell the news things like almost like we already sold it. 1271 01:08:26,790 --> 01:08:28,439 So I wouldn't be surprised if we would. 1272 01:08:28,450 --> 01:08:33,660 Tomorrow we're like, I'd say 47 to 48 range on Bitcoin. 1273 01:08:33,720 --> 01:08:39,640 I'll say 4748, so call it 475. And if if that happens, I I 1274 01:08:39,649 --> 01:08:42,399 wouldn't be surprised to see Ethan like 25 to 26, so I'll 1275 01:08:42,410 --> 01:08:50,500 call 2550 Wow 47525 Fifty. Umm, OK Yeah, I think. 1276 01:08:50,580 --> 01:08:56,660 I think we're gonna be higher. I think 46 1/2 and then I think, 1277 01:08:56,670 --> 01:08:59,720 yeah 202450 I think high a little bit but but. 1278 01:08:59,729 --> 01:09:01,439 What do you what do you say 40 what? 1279 01:09:02,170 --> 01:09:07,470 46, 1/2 and then 2450. OK, so you're just a tad bit on 1280 01:09:07,479 --> 01:09:08,229 there. Cool. 1281 01:09:08,279 --> 01:09:11,550 So you're 1000 under on Bitcoin, About 100 under. 1282 01:09:11,700 --> 01:09:13,109 Watch it belittled in between us. 1283 01:09:13,220 --> 01:09:17,029 It's gonna be like 4725. Yeah, you know, if you have 1284 01:09:17,040 --> 01:09:19,270 something you would have assumed so it's perfect. 1285 01:09:19,500 --> 01:09:20,790 You know, I wrote them down in the chat. 1286 01:09:20,800 --> 01:09:22,160 Well. It's lower. 1287 01:09:22,170 --> 01:09:24,050 You know, with with we're screwed. 1288 01:09:24,420 --> 01:09:26,529 Yeah, but it's not going to be right. 1289 01:09:26,569 --> 01:09:28,310 I mean, dude, you. Got more? 1290 01:09:28,939 --> 01:09:31,050 Yeah, you know what would that would that would that will sit 1291 01:09:31,060 --> 01:09:31,590 tomorrow. Yeah. 1292 01:09:31,600 --> 01:09:34,520 We have a massive show tomorrow. We have Eleanor Terrett coming 1293 01:09:34,529 --> 01:09:38,569 on from Fox to talk to us more about the aftermath I guess. 1294 01:09:38,580 --> 01:09:43,960 So tomorrow's gonna be one last one last heavy ETF day, but but 1295 01:09:43,970 --> 01:09:46,529 an important one. And then on Friday we have booty 1296 01:09:46,580 --> 01:09:49,710 coming on. So that'll be a whole different 1297 01:09:49,720 --> 01:09:51,790 vibe. It'll be a whole different vibe. 1298 01:09:51,880 --> 01:09:53,490 Some people asking for sole price tomorrow. 1299 01:09:53,500 --> 01:09:54,990 But The thing is, Solana is running with Bitcoin. 1300 01:09:55,000 --> 01:09:57,850 So whatever Bitcoin goes up, you can assume that Salon goes up 1301 01:09:57,860 --> 01:09:59,980 almost as much. And sold 97. 1302 01:09:59,990 --> 01:10:03,050 There you go. Just, but I was pinning 97 with 1303 01:10:03,060 --> 01:10:05,650 you. Alright, would that would that 1304 01:10:05,660 --> 01:10:07,690 would that would be tomorrow morning, 10:30 AM Eastern 1305 01:10:07,700 --> 01:10:10,000 Standard Time, 7:30 AM Pacific Standard Time for another 1306 01:10:10,010 --> 01:10:11,840 episode of Full Hour on Rock Radio. 1307 01:10:12,230 --> 01:10:12,740 Let's go.