1 00:00:00,120 --> 00:00:01,680 Oh, yo-yo, what up? What up? 2 00:00:01,680 --> 00:00:03,000 Good morning. Good morning. 3 00:00:03,000 --> 00:00:17,000 GMG Wednesday, February 20 something 62025. 4 00:00:17,120 --> 00:00:19,280 Look at that. Another beautiful day to have a 5 00:00:19,280 --> 00:00:23,680 beautiful day. I got my coast in the house. 6 00:00:23,920 --> 00:00:26,800 Tyler Mando. Good morning. 7 00:00:26,800 --> 00:00:27,800 Good morning. Good morning. 8 00:00:27,800 --> 00:00:31,880 How you guys doing today? Good, fantastic man. 9 00:00:32,880 --> 00:00:35,080 Feel energized at the moment. What about you? 10 00:00:35,560 --> 00:00:38,120 Wow, this is great. I'm getting there, I'm getting 11 00:00:38,120 --> 00:00:38,960 there. I'm getting there. 12 00:00:38,960 --> 00:00:41,280 My ordering chart is up only. So we're getting there. 13 00:00:41,800 --> 00:00:44,600 Yeah, we're getting there. We're still, we're still down 14 00:00:44,600 --> 00:00:46,480 low, but we're going to we're going to be a we're going to be 15 00:00:46,480 --> 00:00:48,400 all time highs very soon. And I'm giving myself until 16 00:00:48,400 --> 00:00:49,240 Monday. What up Tyler? 17 00:00:49,240 --> 00:00:52,080 How you doing today? So we've already gone through a 18 00:00:52,080 --> 00:00:54,760 mini cycle this morning in like 24 hours. 19 00:00:55,320 --> 00:00:58,560 I woke up and we were so back and then it was over again. 20 00:00:59,440 --> 00:01:03,560 So back again. The moment like from the moment 21 00:01:03,560 --> 00:01:09,640 I got up, make coffee, go back to my desk, we were in from 88 22 00:01:09,640 --> 00:01:14,240 eight to 85 to 88. Like Lily from the like it 23 00:01:14,240 --> 00:01:16,880 because I know because like I was texting you guys while I was 24 00:01:16,880 --> 00:01:19,880 making coffee and I got up to my desk and like I open all my 25 00:01:19,880 --> 00:01:24,440 charts before the show. I'm like what went from like 26 00:01:24,480 --> 00:01:28,840 stable coin pricing to just insane volatility. 27 00:01:29,640 --> 00:01:34,760 Yeah, it's definitely like leverage traders nightmare 28 00:01:34,760 --> 00:01:36,480 happening on on, on in this place. 29 00:01:36,480 --> 00:01:39,440 Definitely be careful out there. Anyway, sit down the show. 30 00:01:39,440 --> 00:01:42,120 Let's talk macro, let's talk markets. 31 00:01:42,120 --> 00:01:44,720 Let's talk all that good stuff. It was it was good show. 32 00:01:44,760 --> 00:01:47,880 Actually, this show was very good, very happy with yesterday. 33 00:01:48,320 --> 00:01:49,800 All things market. It was really, really good. 34 00:01:50,400 --> 00:01:52,800 So I feel like the show start retweeting and and get get your 35 00:01:52,800 --> 00:01:54,960 friends involved. Like honestly, like every time 36 00:01:55,280 --> 00:01:57,560 you have friends asking where to start, just just send them to 37 00:01:57,560 --> 00:01:59,560 the show. I do that with my friends and 38 00:01:59,760 --> 00:02:01,480 and actually I've gotten some pretty good feedback. 39 00:02:01,480 --> 00:02:03,240 So I'm pretty happy about that. But anyways, this just was 40 00:02:03,240 --> 00:02:05,880 really I'm really happy about our market session yesterday. 41 00:02:06,880 --> 00:02:08,880 Tyler's top 100. Let's actually go through 42 00:02:08,880 --> 00:02:10,759 Tyler's top. I mean, it's 100,000 now. 43 00:02:10,759 --> 00:02:12,880 It's still 100, right? Tyler's top 100. 44 00:02:13,800 --> 00:02:16,800 It was like top 10 on Monday. Couple 100 yesterday. 45 00:02:16,800 --> 00:02:19,320 We're still in the top 100 period. 46 00:02:19,320 --> 00:02:21,880 But it was it was positive news galore against yesterday, 47 00:02:21,880 --> 00:02:24,240 though. The charts don't paint that yet. 48 00:02:24,360 --> 00:02:26,720 That's coming. And then robit loot box pins. 49 00:02:26,720 --> 00:02:29,040 We have another great loot box and that's how Bernie set the 50 00:02:29,040 --> 00:02:32,080 box at like 3.5% chance when he'll punk or some shit. 51 00:02:32,320 --> 00:02:34,800 So hopefully someone hits a punk today. 52 00:02:35,000 --> 00:02:36,640 That would be really, really nice. 53 00:02:36,640 --> 00:02:40,760 And then last but not least, this show is powered by powered 54 00:02:40,760 --> 00:02:43,840 by Galaxies. Galaxies is a web 3 platform 55 00:02:43,840 --> 00:02:46,360 empowering creators and brands to build unstoppable communities 56 00:02:46,360 --> 00:02:48,920 with full ownership and independence, trusted by icons 57 00:02:48,920 --> 00:02:51,960 like Donald Trump, Steve Aoki, Mike Tyson, and the NBA, shaping 58 00:02:51,960 --> 00:02:54,360 together the future of engagement. 59 00:02:54,360 --> 00:02:58,320 Mendo Mendo, Mendo, Mendo Mendo. I started chit chatting about 60 00:02:58,320 --> 00:03:00,920 the market this morning. You're using like adult terms. 61 00:03:01,120 --> 00:03:07,000 So let's talk about that. Who is the man? 62 00:03:07,600 --> 00:03:13,360 Macro Daddy of the man. Can you dig it? 63 00:03:14,200 --> 00:03:16,640 Yeah, I've turned back into being a macro analyst, haven't 64 00:03:16,640 --> 00:03:18,480 I? I saw that the difference is 65 00:03:18,480 --> 00:03:24,760 that you're actually are one. Yeah, although in trading terms, 66 00:03:24,760 --> 00:03:27,000 you know, if I was on a trading floor, they wouldn't call me a 67 00:03:27,000 --> 00:03:29,200 macro trailer. What would they call you? 68 00:03:31,040 --> 00:03:33,520 I used to be a credit trader, to be fair, Like there's a bit of 69 00:03:33,520 --> 00:03:35,120 macro, there's a bit of macro, but. 70 00:03:35,480 --> 00:03:38,600 You were a credit trader. Yeah, it's more credit trading 71 00:03:38,600 --> 00:03:42,880 is more like knowing companies rather than than being broadly 72 00:03:42,880 --> 00:03:45,960 macro, but but there is still some some macro and some of the 73 00:03:45,960 --> 00:03:49,320 stuff I used to do. But yes, I I posted a few things 74 00:03:49,320 --> 00:03:51,400 today. We are bouncing a little bit 75 00:03:51,400 --> 00:03:55,520 here, although Bitcoin had gone down and kind of retested that 76 00:03:55,520 --> 00:04:04,800 86 K area actually at 85 1/2 looks like I said that this 88 K 77 00:04:04,800 --> 00:04:07,720 levels is relatively important and we've kind of tested it 78 00:04:07,720 --> 00:04:12,800 twice and rebounded to it. So this second test we did just 79 00:04:12,800 --> 00:04:14,520 put in a lower low there on Bitcoin. 80 00:04:14,520 --> 00:04:17,480 So I I don't know, maybe we'll have a third test just to just 81 00:04:17,480 --> 00:04:22,240 to just to see if we really are this is really a support level. 82 00:04:22,240 --> 00:04:24,280 I don't know. Interestingly on that dip just 83 00:04:24,280 --> 00:04:28,240 now, most altcoins did not put in a lower low. 84 00:04:30,080 --> 00:04:34,560 If your altcoin did put in a lower low, I would be a little 85 00:04:34,560 --> 00:04:36,840 bit scared. That's what I would say. 86 00:04:36,840 --> 00:04:40,360 So go check what price it moved yesterday, what price it went 87 00:04:40,360 --> 00:04:46,000 today, and hopefully you, you, you, you're slightly higher. 88 00:04:46,000 --> 00:04:48,560 But interestingly, yeah, a bunch of alts didn't. 89 00:04:48,560 --> 00:04:51,800 So it feels as though they are slightly stronger maybe than 90 00:04:51,800 --> 00:05:00,360 Bitcoin here risk adjusted. We in terms of macro, it's been 91 00:05:00,360 --> 00:05:05,280 a little bit of a of a turn over the last 3-4 days like we've 92 00:05:05,280 --> 00:05:11,280 gone from all time highs on gold and on stocks to four straight 93 00:05:11,280 --> 00:05:17,000 days of of down. NASDAQ is down negative year to 94 00:05:17,000 --> 00:05:20,800 date. A bunch of tech stocks, more of 95 00:05:20,800 --> 00:05:24,160 the frothy ones are down a lot. Someone like Tesla is now down 96 00:05:24,160 --> 00:05:26,160 below a trillion dollars, for example, which is. 97 00:05:26,480 --> 00:05:32,080 Down. 40% in two months Microsoft formed a death cross 98 00:05:32,080 --> 00:05:36,960 and hasn't hasn't done that in 10 years stock stock market fear 99 00:05:36,960 --> 00:05:39,760 and greed moved to fear. Obviously we're in extreme fear 100 00:05:39,760 --> 00:05:44,360 right now in crypto, but yet like a lot of lot of worries 101 00:05:44,360 --> 00:05:49,280 about about macro and, and part of this is maybe I'll just do a 102 00:05:49,280 --> 00:05:52,520 bit more macro for a bit. There is a, there is an 103 00:05:52,520 --> 00:05:56,840 increasing worry that the focus of the Trump administration is 104 00:05:56,840 --> 00:06:00,200 now the 10 year bond yield and not the stock market. 105 00:06:01,760 --> 00:06:05,120 And that's partly from comments by the new Treasury Secretary, 106 00:06:05,560 --> 00:06:10,040 Treasury Secretary Scott Percent, but also Elon Musk. 107 00:06:10,600 --> 00:06:14,200 The idea that that they're they're they're hoping to bring 108 00:06:14,200 --> 00:06:17,400 the budget under control. And like their main benchmark is 109 00:06:17,400 --> 00:06:19,720 now the 10 year yield rather than the stock market. 110 00:06:20,760 --> 00:06:24,600 And that focus on that is calling people to slightly 111 00:06:24,600 --> 00:06:27,880 question like how much they're going to care about what happens 112 00:06:27,880 --> 00:06:33,600 to stocks. So part part of it's that and 113 00:06:33,600 --> 00:06:36,760 part of it is also just people a little bit worried about a slow 114 00:06:36,760 --> 00:06:42,800 down here in the US economy, partly because those whether you 115 00:06:42,800 --> 00:06:47,120 might think it's efficiency, he's improving, but it could 116 00:06:47,120 --> 00:06:52,200 also be seen as austerity, which which generally is, is kind of a 117 00:06:52,200 --> 00:07:01,520 negative thing for for for GDP growth, let's say, and just a 118 00:07:01,520 --> 00:07:03,960 general slowdown in in the range of different other markets as 119 00:07:03,960 --> 00:07:06,040 well. So what we've seen is the 120 00:07:06,040 --> 00:07:11,680 dollars that like a three months low 10 year yield is now sinking 121 00:07:11,680 --> 00:07:15,200 pretty fast. I was tweeting about today that 122 00:07:15,200 --> 00:07:19,400 the true flation, which is a very good inflation metric has 123 00:07:19,920 --> 00:07:24,960 absolutely dumped over the last, over the last four, six weeks 124 00:07:25,360 --> 00:07:31,040 from about 4% down to 2% now just two weeks ago. 125 00:07:31,040 --> 00:07:34,040 Like no one was predicting rate cuts, right? 126 00:07:34,960 --> 00:07:39,480 Not for a while at least. If that has turned, then I do 127 00:07:39,480 --> 00:07:42,640 think that we are maybe heading back towards rate cuts this 128 00:07:42,640 --> 00:07:46,000 year. The interest rates are still at 129 00:07:46,000 --> 00:07:48,080 4 1/2% in the US. So they're very, very high. 130 00:07:48,400 --> 00:07:52,560 So if, if bond, if inflation does head back down lower again, 131 00:07:53,120 --> 00:07:57,960 then then I think we could be in for a kind of a changing of of 132 00:07:57,960 --> 00:08:00,480 what the bond market thinks they're according of their bluff 133 00:08:00,480 --> 00:08:05,360 of which I think we could get 3:00 to 4:00 rate cuts this 134 00:08:05,360 --> 00:08:07,320 year. So I move kind of more was the 135 00:08:07,320 --> 00:08:12,480 QE easing sort of cycle in the US, but maybe not full QE, but 136 00:08:12,480 --> 00:08:16,280 definitely shut down of quantitative tightening and and 137 00:08:16,280 --> 00:08:19,880 some rate cuts. So macro's had a little bit of 138 00:08:19,880 --> 00:08:21,960 wobble. It's mainly around tech stocks, 139 00:08:21,960 --> 00:08:26,160 but also this underlying fear that maybe we're in for a period 140 00:08:26,160 --> 00:08:29,880 here of like more austerity rather than efficiency, and that 141 00:08:29,880 --> 00:08:33,080 could have an impact and also like the focus on the 10 year 142 00:08:33,080 --> 00:08:35,720 yield rather than the stock market crypto. 143 00:08:36,280 --> 00:08:39,440 Similarly, Bitcoin is seeing outflows. 144 00:08:41,919 --> 00:08:45,200 The vast majority of these outflows are related to the to 145 00:08:45,760 --> 00:08:48,600 the the basis trade that we've been speaking about. 146 00:08:48,600 --> 00:08:52,600 This is where you go long Bitcoin ETF and you short the 147 00:08:52,600 --> 00:08:55,880 futures, right, because that they were in positive funding. 148 00:08:56,600 --> 00:08:59,640 Whether you understand what I'm talking about or not, basically 149 00:08:59,640 --> 00:09:04,200 there was a trade where hedge funds could make about 7% seven 150 00:09:04,200 --> 00:09:09,160 to 25% occasionally by owning the Bitcoin ETF. 151 00:09:09,520 --> 00:09:13,120 And now that trade has unwound or is is no longer there. 152 00:09:13,120 --> 00:09:17,320 They're having to sell the Bitcoin ETF at the same time the 153 00:09:17,320 --> 00:09:22,200 futures open interest is is nose diving right now because they're 154 00:09:22,200 --> 00:09:23,800 taking off their shorts in Bitcoin. 155 00:09:23,800 --> 00:09:26,400 So net, net, the impact should actually not be that big. 156 00:09:26,480 --> 00:09:28,440 A lot of people are focused focused on it. 157 00:09:28,760 --> 00:09:32,280 But if it's an unwind of the basis trade, which it largely 158 00:09:32,280 --> 00:09:37,360 looks to be given the drop in CME hope and interest again, 159 00:09:37,360 --> 00:09:39,400 only I think a small amount of you might follow what I'm 160 00:09:39,400 --> 00:09:43,160 talking about the IT it's mainly to do with the non one of that 161 00:09:43,160 --> 00:09:44,680 trade, which is actually a delta neutral trade. 162 00:09:44,680 --> 00:09:47,280 It's not actually that big, not actually that much of A worry. 163 00:09:49,400 --> 00:09:53,800 But but yeah, today we have NVIDIA earnings, which I think 164 00:09:53,800 --> 00:09:58,000 will be a large bit of the volatility today, obviously in 165 00:09:58,000 --> 00:10:00,840 the backdrop that that that tech have been kind of smashed into 166 00:10:00,840 --> 00:10:03,120 it. The other one of these textbooks 167 00:10:03,120 --> 00:10:06,120 that people have been worried about is Microcheschi, which I 168 00:10:06,120 --> 00:10:07,840 think we've spoken about a lot. The. 169 00:10:08,400 --> 00:10:14,680 Premium there is down to around 1.5 times, that's down 55%. 170 00:10:14,920 --> 00:10:15,480 Now. Wow. 171 00:10:17,920 --> 00:10:23,480 Yeah, it's now lower than where it was pre the election, which 172 00:10:23,480 --> 00:10:25,600 is very interesting because bitcoins up a decent amount. 173 00:10:25,840 --> 00:10:27,400 But it was squeezed before, right? 174 00:10:28,640 --> 00:10:30,200 Well, it was squeezed all year, yeah. 175 00:10:30,200 --> 00:10:33,480 But the idea it was trading at such a high premium, now it's 176 00:10:33,480 --> 00:10:38,600 now it's massively decreased. So that one's going to be that 177 00:10:38,600 --> 00:10:41,960 one's continues to like create some fear slash FUD. 178 00:10:43,200 --> 00:10:46,280 I look at it a lot because I think it is the number one worry 179 00:10:46,680 --> 00:10:50,200 in crypto maybe in maybe in a couple of years. 180 00:10:50,200 --> 00:10:52,000 But I don't think it's a worry right now. 181 00:10:52,520 --> 00:10:53,840 I don't think it's a worry right now. 182 00:10:54,560 --> 00:10:57,400 I continue to think that he should just stop buying Bitcoin. 183 00:10:58,960 --> 00:11:02,520 Like or is this maybe slower? Like what the pace that we just 184 00:11:02,520 --> 00:11:04,160 buy. Just stop buying. 185 00:11:04,520 --> 00:11:07,720 Honestly, just stop buying Bitcoin dude like you are. 186 00:11:07,720 --> 00:11:09,960 He's not going. To listen though, you know. 187 00:11:10,480 --> 00:11:12,960 He could just keep rolling his current debt obligations. 188 00:11:12,960 --> 00:11:15,960 What what really could fuck him up here and what I don't 189 00:11:15,960 --> 00:11:19,680 understand if this is just like a power play because he wants to 190 00:11:19,680 --> 00:11:24,240 own like a certain percentage of the amount of Bitcoin is if he 191 00:11:24,240 --> 00:11:28,720 keeps borrowing to buy more Bitcoin right now, like Bitcoin 192 00:11:28,720 --> 00:11:31,200 would have to get absolutely destroyed for that to ever 193 00:11:31,200 --> 00:11:33,960 really be a worry. It would have to go down for a 194 00:11:33,960 --> 00:11:40,400 very sustained period to kind of the teens again, maybe after 195 00:11:40,400 --> 00:11:43,800 this recent buys like more like 20, but but like very, very low. 196 00:11:44,440 --> 00:11:48,680 If he continues to buy $2 billion of Bitcoin every single 197 00:11:48,680 --> 00:11:53,880 week, he will, he will fuck himself up and he will fuck this 198 00:11:53,880 --> 00:11:55,320 up for the whole market in my opinion. 199 00:11:55,320 --> 00:11:59,080 So there is a legitimate worry there, but I don't think it's, I 200 00:11:59,080 --> 00:12:03,160 don't think it's that much of AA worry in terms of he'll have to 201 00:12:03,160 --> 00:12:04,680 sell his holdings or anything like that. 202 00:12:04,680 --> 00:12:06,640 Got it. That's, that's my general view. 203 00:12:07,760 --> 00:12:11,600 I would be very unsurprised if micro strategy stock continues 204 00:12:11,600 --> 00:12:15,680 to fall though. I mean, it's that of this that 205 00:12:15,720 --> 00:12:19,840 it's a support, right? But that's that's not why I 206 00:12:19,840 --> 00:12:22,080 would look at it. I would look at it on this 207 00:12:22,080 --> 00:12:24,200 premium versus discount. Got it. 208 00:12:24,840 --> 00:12:27,400 It's still trading at a premium. In the past, micro strategy has 209 00:12:27,400 --> 00:12:30,280 has traded at a decent discount, like a very big discount. 210 00:12:32,280 --> 00:12:36,880 And I think there's that would be unsurprising if it it moved 211 00:12:36,880 --> 00:12:41,480 towards trading at a discount. Maybe not a huge one, but if if 212 00:12:41,480 --> 00:12:46,840 the, if the faith is gone in his policy, then then I do think 213 00:12:46,840 --> 00:12:49,760 that that that would be the obvious thing that that would 214 00:12:49,760 --> 00:12:52,680 happen here and then he would be forced to stop buying because. 215 00:12:54,520 --> 00:12:57,120 3X premium at at at peak, right? Wow. 216 00:12:57,320 --> 00:13:01,080 Yeah, I'm assuming it's 1 1/2. I think Mando was saying OK, a 217 00:13:01,840 --> 00:13:04,000 little a little better. Yeah. 218 00:13:04,000 --> 00:13:06,120 What are you? Decent about and that's that's 219 00:13:06,600 --> 00:13:08,120 that's making people slightly uneasy. 220 00:13:11,400 --> 00:13:14,480 Wow OK, did you see this buy bits just released there? 221 00:13:14,480 --> 00:13:17,080 What? Bibit just released their audit 222 00:13:17,080 --> 00:13:19,360 report. The compromise was not Bibit but 223 00:13:19,360 --> 00:13:23,400 safe servers. They hot swapped the Nosis safe 224 00:13:23,400 --> 00:13:28,040 UI with JS code that only targeted Bibit's cold wallet. 225 00:13:29,120 --> 00:13:32,560 Independently confirmed by Wayback Machine snapshots. 226 00:13:32,560 --> 00:13:34,280 Lazarus Group is on another level. 227 00:13:35,440 --> 00:13:38,480 Hold on this. Looks like safe actually got 228 00:13:38,480 --> 00:13:40,000 hacked here. What? 229 00:13:41,000 --> 00:13:42,760 Yeah. Hold on, hold on. 230 00:13:42,760 --> 00:13:44,440 This is breaking news then Tyler, I want to get you because 231 00:13:44,440 --> 00:13:46,200 I knew you had some thoughts on what Mandel saying you set the 232 00:13:46,200 --> 00:13:51,080 link, but this breaking news so Ben Bybet Bybet had for hacked 233 00:13:51,080 --> 00:13:53,840 forensics report as promised here the preliminary the 234 00:13:53,840 --> 00:13:57,160 forensics investigation of the three signers host suggest the 235 00:13:57,160 --> 00:14:00,240 root cause of the attack is malicious code originating from 236 00:14:00,240 --> 00:14:02,680 safe wallets infrastructure. Wow. 237 00:14:03,680 --> 00:14:07,520 No indication of compromise was identified within bybeat 238 00:14:07,520 --> 00:14:10,000 structure. The investigation is still 239 00:14:10,000 --> 00:14:12,720 ongoing to further confirm the findings. 240 00:14:13,760 --> 00:14:16,840 Whoa. So it does seem the benign 241 00:14:16,840 --> 00:14:21,240 JavaScript file of app dot safe dot global appears to have been 242 00:14:21,240 --> 00:14:25,960 replaced with malicious code. February 19th, 2025 of 152925 243 00:14:25,960 --> 00:14:29,440 UTC specifically targeting a theory multi sick cold wallet of 244 00:14:29,440 --> 00:14:31,520 by bit. The attack was designed to 245 00:14:31,520 --> 00:14:34,360 activate during the next bibit transaction which occurred 246 00:14:34,360 --> 00:14:39,000 February 21st 2025 at 1513, ETC. Based on the investigation 247 00:14:39,000 --> 00:14:42,000 results from the machines of bibit signers and the cash 248 00:14:42,000 --> 00:14:46,280 malicious JavaScript payloads found on the Wayback archive, we 249 00:14:46,320 --> 00:14:51,400 strongly conclude that AWSS 3 or cloud found account API key of 250 00:14:51,400 --> 00:14:55,360 safe talk global was likely leaked or compromised. 251 00:14:56,160 --> 00:14:58,800 Further investigation should be conducted to validate the 252 00:14:58,800 --> 00:15:01,760 findings of and the and the. Whoa. 253 00:15:02,520 --> 00:15:05,120 Safe about to get saved for 1.4 billion it looks like. 254 00:15:06,200 --> 00:15:08,160 This this makes sense now is because. 255 00:15:08,800 --> 00:15:10,920 We. We've not been able to move 256 00:15:10,920 --> 00:15:12,480 things on Safe for the past few days. 257 00:15:12,480 --> 00:15:14,360 And I know some guys in your side. 258 00:15:14,480 --> 00:15:16,560 Yeah, you guys haven't either. So that's this. 259 00:15:17,200 --> 00:15:19,280 I wondered why we're offline. Safe's been offline for a few 260 00:15:19,280 --> 00:15:24,400 days now. That's my my safe crypto quest 261 00:15:24,400 --> 00:15:26,560 card was like yesterday. I bought hockey tickets 262 00:15:26,560 --> 00:15:31,400 yesterday with the my safe, but wow, this is not great boys. 263 00:15:32,280 --> 00:15:34,440 That's a big blow to self custody, right? 264 00:15:35,200 --> 00:15:38,160 That is not good. And this is all available on. 265 00:15:38,800 --> 00:15:41,960 On pump fun account has been compromised everyone. 266 00:15:42,360 --> 00:15:45,040 Shut the fuck up. Yeah, apparently. 267 00:15:45,360 --> 00:15:47,400 Oh, my God. Be careful, everyone. 268 00:15:47,400 --> 00:15:49,840 It appears. Oh, no, no, no, no, no, no, no, 269 00:15:49,840 --> 00:15:52,000 no, no, no, no, no, no. Let's post this, though. 270 00:15:52,000 --> 00:15:53,320 Let's post this. Let's post this. 271 00:15:53,320 --> 00:15:55,320 Hold on. OK, This is not good. 272 00:15:55,320 --> 00:15:57,360 Hold on one second. We're going to pause the show. 273 00:15:57,960 --> 00:16:01,080 This is OK. Hold on. 274 00:16:01,560 --> 00:16:03,240 This one's a big hack. We should probably tweet about 275 00:16:03,240 --> 00:16:05,120 this. This is a hack. 276 00:16:05,120 --> 00:16:09,520 Do not buy the coin or interact with the account. 277 00:16:11,480 --> 00:16:14,320 God damn it, guys. We really cannot catch a fucking 278 00:16:14,320 --> 00:16:17,960 break, guys. Yikes. 279 00:16:18,720 --> 00:16:21,160 First, like, yeah, that's not how pumps going to launch the 280 00:16:21,160 --> 00:16:23,400 coin. Please donate the pump coin, you 281 00:16:23,400 --> 00:16:29,000 guys. Like, man, OK, where do we pick 282 00:16:29,000 --> 00:16:32,440 this show back on Tyler quickly, your thoughts on what Mando was 283 00:16:32,440 --> 00:16:33,640 saying? You did hear news? 284 00:16:33,880 --> 00:16:35,840 Then maybe let's go back to buy bit and pump fun stuff. 285 00:16:35,840 --> 00:16:42,280 But wow, fuck, dude, man, Fuck yeah. 286 00:16:42,280 --> 00:16:44,880 I mean, we can iterate on the buy bit stuff a little bit more 287 00:16:45,400 --> 00:16:48,240 like so like I I don't use safe wallet. 288 00:16:48,240 --> 00:16:53,680 I use other devices. Safe is mostly for multi. 6:00 289 00:16:54,200 --> 00:16:58,920 AM I understanding that? Yeah, correctly, yeah. 290 00:17:01,120 --> 00:17:04,680 I just feel like the self custody game is just getting 291 00:17:04,680 --> 00:17:06,440 harder. Like when you have a lot of 292 00:17:06,440 --> 00:17:11,280 capital at stake, like I don't know, like we've got bank 293 00:17:11,280 --> 00:17:15,160 centering the game, but this is like going to make everyone run 294 00:17:15,160 --> 00:17:16,800 back to ETFs. Like I know many people have 295 00:17:16,800 --> 00:17:18,880 sold all their there. Wasn't there like a Bitcoin maxi 296 00:17:18,880 --> 00:17:21,720 that actually sold his crypto in the last two weeks like a big 297 00:17:21,720 --> 00:17:25,839 amount for ETFs that made a lot of noise on timeline. 298 00:17:27,160 --> 00:17:28,359 Yeah, So I forget that, you know. 299 00:17:28,400 --> 00:17:30,680 Yeah, Yeah, I forgot to. But he's like a pretty known 300 00:17:30,680 --> 00:17:33,960 like Bitcoin maxi. Wow. 301 00:17:34,640 --> 00:17:38,040 Yeah, I understand the decision. I don't blame them. 302 00:17:38,040 --> 00:17:40,280 At least you won't have someone pulling up to your house or 303 00:17:40,280 --> 00:17:43,440 fucking murder your family for your Bitcoin ETF. 304 00:17:45,080 --> 00:17:48,080 So like, I I know I don't want to jump to too many conclusions. 305 00:17:48,120 --> 00:17:51,480 Yeah, you to play out I guess on the ETF front since we were kind 306 00:17:51,480 --> 00:17:54,680 of talking about that I sent you the stat Yeah, let's put up 307 00:17:55,000 --> 00:17:57,200 commentary made sense. It's more of like an unwinding, 308 00:17:57,200 --> 00:18:00,520 so 1.5 billion in outflows across the last two days. 309 00:18:01,000 --> 00:18:03,600 That's the two day record now and outflows. 310 00:18:04,080 --> 00:18:07,360 But it also kind of shines the light on all of those inflows 311 00:18:07,440 --> 00:18:12,880 that like were easy to celebrate like it it wasn't pure net 312 00:18:12,880 --> 00:18:16,800 inflows, right, because that, that delta neutral trade was a 313 00:18:16,800 --> 00:18:18,400 part of the number. So it looked like only about 314 00:18:19,200 --> 00:18:23,400 the, the stat I saw is only 44% of the inflows were actual true 315 00:18:23,400 --> 00:18:27,720 net buy activities. So something like, let's see 316 00:18:27,720 --> 00:18:28,920 what you pulled up. There you go. 317 00:18:29,320 --> 00:18:34,960 It's like 17 1/2 billion of the 38 were direct long term 318 00:18:34,960 --> 00:18:39,400 investment and the rest, their conclusion here was like likely 319 00:18:39,400 --> 00:18:43,200 more of this arbitrage. So they short Bitcoin futures 320 00:18:43,680 --> 00:18:46,800 and balance out with ETF buys. Is that what you're saying? 321 00:18:48,280 --> 00:18:49,680 That's what they're saying, yeah. 322 00:18:49,680 --> 00:18:53,240 So if this is factual, I haven't had a chance to to go through 323 00:18:54,120 --> 00:18:57,680 and and verify this. But I think this kind of makes 324 00:18:57,680 --> 00:19:02,840 sense like anecdotally with with what has been shared about this 325 00:19:02,840 --> 00:19:09,840 trade unwanting right now. And in hindsight, it was the 326 00:19:09,840 --> 00:19:13,160 days when it was just like 300 million and 500 million every 327 00:19:13,160 --> 00:19:15,480 single day. I remember there was a point 328 00:19:15,480 --> 00:19:17,800 where like, is this real? Like is this real net buying 329 00:19:17,840 --> 00:19:20,080 activity every single day? And it turns out like, no, it 330 00:19:20,080 --> 00:19:23,960 wasn't like it was potentially kind of overinflated by about 331 00:19:23,960 --> 00:19:31,360 two X of what it actually was, which I got OK Says we haven't 332 00:19:31,360 --> 00:19:35,360 had as many net inflows as we thought and there's still a lot 333 00:19:35,360 --> 00:19:38,920 more to potentially come. So if if you're wearing your 334 00:19:38,920 --> 00:19:45,520 bull hat here this morning as we actively shoot off a major audit 335 00:19:45,520 --> 00:19:48,920 report finding that's going to impact self custody and pump 336 00:19:48,920 --> 00:19:50,440 fungi and their account hacks here. 337 00:19:50,520 --> 00:19:54,840 Yeah, I mean, the the post is gone for what it's worth, but 338 00:19:54,920 --> 00:19:56,240 that doesn't mean it won't come back. 339 00:19:56,560 --> 00:20:01,960 So be very careful. Jesus Christ, guys. 340 00:20:02,400 --> 00:20:05,120 So. I'm we're going to talk more at 341 00:20:05,120 --> 00:20:07,560 length with the safe thing tomorrow because there's more 342 00:20:07,560 --> 00:20:08,760 info, but this is not really good. 343 00:20:08,760 --> 00:20:10,920 This say, I know a lot of people have their funds on safe. 344 00:20:14,640 --> 00:20:17,600 This is not good. Yeah, no. 345 00:20:17,600 --> 00:20:21,120 Maybe let's say servers, they hot swapped the noses safe UI 346 00:20:21,160 --> 00:20:23,920 with GS code that only targeted by this code independently 347 00:20:23,920 --> 00:20:25,480 confirmed by way back machine snapshots. 348 00:20:26,000 --> 00:20:29,040 Lazarus Group is another level. Man, these North Korean hackers 349 00:20:29,040 --> 00:20:33,240 like really fucking good. Jesus Christ bro like I don't 350 00:20:33,240 --> 00:20:36,000 even know what that means but they hot swapped the noses safe 351 00:20:36,000 --> 00:20:38,440 UI with JS code that only target by. 352 00:20:38,920 --> 00:20:42,640 Does that mean that they swapped the UI on the person that was 353 00:20:42,640 --> 00:20:45,360 signing like from my computer to yours? 354 00:20:48,440 --> 00:20:49,400 It's actually. Crazy what? 355 00:20:49,400 --> 00:20:54,080 Company did this happen to not so long back where they got a 356 00:20:54,080 --> 00:20:56,440 hold of the front end UI and adjusted the. 357 00:20:56,440 --> 00:20:57,400 UI. That's what they did. 358 00:20:57,720 --> 00:21:00,320 This is, yeah, this has happened not so long back and it was a 359 00:21:00,320 --> 00:21:01,400 big security. Which? 360 00:21:01,440 --> 00:21:03,200 Wasn't it? Yeah, yeah, I forget, but that's 361 00:21:03,200 --> 00:21:05,800 exactly what they did. They changed the UI on the 362 00:21:05,800 --> 00:21:08,560 person's computer. Yeah, So what the buy bit 363 00:21:08,800 --> 00:21:11,360 signers have been looking at is basically signing a false 364 00:21:11,360 --> 00:21:15,000 transaction through the safe UI. That's fucking crazy. 365 00:21:17,680 --> 00:21:21,360 Wow, wow. Be careful, everyone. 366 00:21:21,760 --> 00:21:29,520 Like be careful with your assets, you know, Wow, wow. 367 00:21:30,120 --> 00:21:33,120 Anyways, we don't have to, to, to ponder on that too much. 368 00:21:33,120 --> 00:21:36,840 But Mando we got on the market. Looks like we're, you know, 369 00:21:37,000 --> 00:21:39,240 we're hanging in there, hanging on a thread, but we're hanging 370 00:21:39,240 --> 00:21:44,280 in there. It's like you don't know where 371 00:21:44,280 --> 00:21:46,000 we're going next, right? It's like we're like in this 372 00:21:46,000 --> 00:21:50,240 weird period where it's like, are we going to get like a this 373 00:21:50,240 --> 00:21:53,760 like 1 turbo red candle? Like I I always just want us to 374 00:21:53,760 --> 00:21:54,920 RIP the bind it off once for all. 375 00:21:55,840 --> 00:21:57,120 Is that too much to ask for guys? 376 00:21:58,080 --> 00:21:59,880 Have we not ripped off a few band aids? 377 00:22:00,280 --> 00:22:03,080 On all coins, but I mean, on Bitcoin, I guess, like, just RIP 378 00:22:03,080 --> 00:22:07,520 it off, you know, just RIP it. Like, let's go like fucking give 379 00:22:07,520 --> 00:22:11,040 us that mega red candle once and for all and let's go back up. 380 00:22:11,320 --> 00:22:13,320 You might get your wish at 5:00 PM Eastern. 381 00:22:15,120 --> 00:22:16,800 Yeah. Earnings aren't. 382 00:22:16,800 --> 00:22:18,200 Oh, my God. Yeah. 383 00:22:18,320 --> 00:22:19,920 Is that 5 ET? Is that what it said? 384 00:22:20,240 --> 00:22:24,400 Yeah, oh God, too long. Yeah I'll be I'll be I'll 385 00:22:24,400 --> 00:22:26,960 definitely be on my computer then Yeah. 386 00:22:26,960 --> 00:22:29,560 It looks like safe wallet posted about this 15 minutes ago. 387 00:22:30,240 --> 00:22:31,880 Just quickly we'll go through a statement then let's go to 388 00:22:31,880 --> 00:22:34,440 Tyler's top 100. But safe wallet posted safe 389 00:22:34,440 --> 00:22:37,720 wallet statement on target attack by bit. 390 00:22:38,480 --> 00:22:40,840 So let's see quickly. So safe smart contracts are 391 00:22:40,840 --> 00:22:42,120 aren't affected. So don't worry everyone. 392 00:22:42,120 --> 00:22:44,040 Like if you're you have money and safe, it looks like the 393 00:22:44,040 --> 00:22:46,920 smart contracts unaffected. An attack was conducted by 394 00:22:47,600 --> 00:22:50,200 compromising safe wallet developer machine, which 395 00:22:50,200 --> 00:22:52,920 affected an account operated by by bit. 396 00:22:53,960 --> 00:22:57,080 So they added security measures. So you know, there was a target. 397 00:22:57,080 --> 00:22:59,400 It was like a really obviously targeted account on this 398 00:22:59,400 --> 00:23:01,800 specific theorem wallet on by bit. 399 00:23:01,800 --> 00:23:03,360 So it's really a specific wallet. 400 00:23:04,320 --> 00:23:08,560 So it appears that it was safe indeed, but the front end 401 00:23:08,560 --> 00:23:12,360 remains operational, blah, blah. But you know, obviously exercise 402 00:23:12,360 --> 00:23:17,000 extreme caution and caution and remain vigilant when signing 403 00:23:17,000 --> 00:23:19,400 transactions. So it's a good time to to stay 404 00:23:19,400 --> 00:23:21,440 safe. Like I'm not even trying to like 405 00:23:21,440 --> 00:23:23,400 be punny and stuff like just be careful everyone, please, 406 00:23:23,400 --> 00:23:24,960 please. This is very weird. 407 00:23:25,120 --> 00:23:27,320 Weird times for crypto Tyler, Weird times. 408 00:23:27,320 --> 00:23:29,760 I don't know. We need like we need a vibe 409 00:23:29,760 --> 00:23:31,320 shift. Indeed. 410 00:23:31,680 --> 00:23:35,000 Where's that tweet like vibe shift plus new thing plus up 411 00:23:35,000 --> 00:23:36,840 only plus. I miss those days, right? 412 00:23:36,840 --> 00:23:39,240 Like people used to dunk on Wagney, but fuck, last cycle 413 00:23:39,240 --> 00:23:43,720 like that actually like made like you know, Amanda Cassa once 414 00:23:43,720 --> 00:23:47,720 told me the market is an aggregation of vibes and that 415 00:23:47,720 --> 00:23:52,640 quote stayed with me forever and 21 wag me era feel like it 416 00:23:52,640 --> 00:23:56,080 lasted much longer than whatever you logged in everyday and 417 00:23:56,080 --> 00:23:59,400 you're like, yay, I'm can't wait to log into my Twitter. 418 00:23:59,400 --> 00:24:01,280 Like, you know, you know, I logged in every morning. 419 00:24:01,280 --> 00:24:03,680 I'm like, fuck, I'm excited to wake up now I wake up and I'm 420 00:24:03,680 --> 00:24:08,440 like, well, I'm excited because I get to work, but like I wake 421 00:24:08,440 --> 00:24:11,160 up, I'm like, fuck, is Bitcoin going to be like 65 K this 422 00:24:11,160 --> 00:24:13,960 morning? You know, like is my net worth 423 00:24:13,960 --> 00:24:15,880 going to be slashed by another 40% today? 424 00:24:16,440 --> 00:24:19,520 You know, anyways, all right, another day in a golden bull 425 00:24:19,520 --> 00:24:21,040 run. Tyler, let's see what you got 426 00:24:21,040 --> 00:24:33,360 for us analysis Tyler on FOMO hour calls the kids all right 427 00:24:33,360 --> 00:24:35,080 top news on the day crypto majors. 428 00:24:35,080 --> 00:24:39,360 They fell further yesterday then rebounded Bitcoin back at 88 K. 429 00:24:39,360 --> 00:24:42,040 This is admits the Bitcoin ETF seeing their worst two day 430 00:24:42,040 --> 00:24:45,440 stretch ever with $1.5 billion in net outflows. 431 00:24:45,760 --> 00:24:49,640 The SEC has dropped their case against uniswap, the latest high 432 00:24:49,640 --> 00:24:53,680 profile case from the Gensler era to be dropped by the new 433 00:24:53,680 --> 00:24:56,840 leadership. Hyperliquid has beat all chains 434 00:24:56,840 --> 00:25:00,160 and Dexes in four hour revenue. Big day for hype. 435 00:25:00,600 --> 00:25:04,080 PayPal to ramp up adoption of its stable coin this year. 436 00:25:04,080 --> 00:25:08,400 Plus plus more product integrations breaking this 437 00:25:08,400 --> 00:25:10,000 morning. It looks like Bank of America, 438 00:25:10,360 --> 00:25:13,320 they're saying either they're stable coin or stable coins are 439 00:25:13,320 --> 00:25:15,200 coming. So Bank of America now pushing 440 00:25:15,200 --> 00:25:18,760 stable coins as well. We had the Ethereum Foundation 441 00:25:18,760 --> 00:25:23,800 director IM Mayaguchi shifting from director to president 442 00:25:23,800 --> 00:25:26,800 amidst calls for leadership changes for the Ethereum 443 00:25:26,800 --> 00:25:28,600 Foundation. Interesting. 444 00:25:29,040 --> 00:25:31,680 Bitwise, the Bitwise CIO, they were interviewing wealth 445 00:25:31,680 --> 00:25:37,480 managers at a conference. 53% of 350 the wealth manager survey 446 00:25:37,480 --> 00:25:40,760 plan to allocate to crypto and client accounts this year. 447 00:25:41,320 --> 00:25:44,240 So that percent is just going up these days. 448 00:25:44,240 --> 00:25:48,560 GameStop, their CEO received a letter going to buy $5,000,000 449 00:25:48,560 --> 00:25:51,640 worth of Bitcoin. So good GameStop, let's let's do 450 00:25:51,680 --> 00:25:55,640 3 point O here this year and he replied right yes. 451 00:25:56,520 --> 00:26:01,200 And then Senator Loomis teased America's KOL, America's crypto 452 00:26:01,200 --> 00:26:06,000 KOL that today's Senate Banking subcommittee hearing on Bitcoin 453 00:26:06,000 --> 00:26:09,440 and crypto or in digital assets will be, and I quote a big deal. 454 00:26:10,160 --> 00:26:12,640 So stay tuned for the results of that. 455 00:26:13,120 --> 00:26:15,440 Let's see token AirDrop and protocol news. 456 00:26:15,640 --> 00:26:18,760 Swee launched a new feature allowing for private connections 457 00:26:18,760 --> 00:26:22,800 across video, audio and text powered by their chain and 458 00:26:22,800 --> 00:26:25,560 walrus Kaido. And it's used to soar, folks. 459 00:26:25,560 --> 00:26:34,120 Man, this token, Oh my gosh, 240 50% today. 460 00:26:34,120 --> 00:26:38,200 I don't know what's happening, but no one, no one wants to be 461 00:26:38,200 --> 00:26:41,440 short Kaido right now. They are introducing styled 462 00:26:41,720 --> 00:26:45,240 loading and and 9 new protocols to vote for here today. 463 00:26:45,520 --> 00:26:49,400 Monad shared this the last day to be an early user of its test 464 00:26:49,400 --> 00:26:53,640 net so that actually that that timer may have eclipsed and then 465 00:26:53,640 --> 00:26:59,480 Solana depend this Geo Geo net project offering data for growth 466 00:26:59,720 --> 00:27:04,400 robots raised $8 million. So more than just meme coins on 467 00:27:04,400 --> 00:27:06,760 Solana. They've also got deep end AI 468 00:27:06,760 --> 00:27:10,040 crypto quickly market cap is up about 5% leaders kind of 469 00:27:10,040 --> 00:27:13,280 chopping they are green here a bit This morning virtuals did 470 00:27:13,280 --> 00:27:16,600 introduce this new virtuals ventures as their new ecosystem 471 00:27:16,600 --> 00:27:19,680 fund aimed at helping AI teams with funding and launch support. 472 00:27:21,520 --> 00:27:23,360 And let's see, a couple of Mt headlines. 473 00:27:24,280 --> 00:27:28,600 Big rebound on the OCH heroes after yesterday's weekly XP 474 00:27:28,600 --> 00:27:32,640 dropped for abstract and saw that those heroes players were 475 00:27:32,640 --> 00:27:36,000 getting a lot of XP. And then shout out to OMB and 476 00:27:36,000 --> 00:27:40,520 Ordinals folks. They sell sell 6.7 with the 477 00:27:40,520 --> 00:27:42,920 Ordinals in a primary sale yesterday. 478 00:27:43,400 --> 00:27:46,680 They're nice too. That is quite the accomplishment 479 00:27:47,400 --> 00:27:49,440 in in this market. So what does that mean for Pups? 480 00:27:53,280 --> 00:27:53,800 Bongo? Can you? 481 00:27:54,040 --> 00:27:56,400 You're still on stage, dude. You're like the Bitcoin, like 482 00:27:56,520 --> 00:27:58,320 Messiah. Can you just fucking like, get 483 00:27:58,320 --> 00:28:00,720 people to buy puppets and pups and our ordinals and ruins 484 00:28:00,720 --> 00:28:02,520 please? Come on man, this is it. 485 00:28:02,680 --> 00:28:06,240 They just bottom and from here we go up, I mean. 486 00:28:06,320 --> 00:28:09,800 It's your job. Yeah, yeah, it's you. 487 00:28:10,240 --> 00:28:13,560 We now have a feeling of when ordinals are gonna bounce back. 488 00:28:13,560 --> 00:28:17,720 It's the most like a sticky community of this type of bull 489 00:28:17,720 --> 00:28:22,320 market and I think this is time. Return, return, return to 490 00:28:22,320 --> 00:28:23,920 Bitcoin. I love how this Boggle was right 491 00:28:23,920 --> 00:28:24,840 there. I looked at my screen like, oh, 492 00:28:24,840 --> 00:28:26,480 let me, let me just get Boggle involved. 493 00:28:26,760 --> 00:28:29,200 Tyler, where do we even start? I mean, yesterday there was 494 00:28:29,200 --> 00:28:31,680 quite some good news coming on. Let's, let's, let's move on to 495 00:28:31,680 --> 00:28:33,120 better news. I know we talk about hacks and 496 00:28:33,120 --> 00:28:35,080 markets and stuff, but there's, it's funny. 497 00:28:35,080 --> 00:28:37,560 Let me let me start by showing you this tweet by Dan Romero, 498 00:28:37,560 --> 00:28:41,080 the founder of Forecaster. And I think you're going to 499 00:28:41,080 --> 00:28:42,920 relate to that a lot. I mean, everybody in this 500 00:28:42,920 --> 00:28:45,840 industry is going to relate crypto right now, regulatory 501 00:28:45,840 --> 00:28:49,000 versus charts, right? You know, you have the 502 00:28:49,000 --> 00:28:52,040 regulatory, which is like a plus plus plus plus, right? 503 00:28:52,040 --> 00:28:54,680 You got the unit swap even like a case that was dismissed 504 00:28:54,680 --> 00:28:57,840 yesterday, right? Again, like more and more. 505 00:28:57,840 --> 00:28:59,640 But then the charts are looking pretty grim. 506 00:29:00,360 --> 00:29:02,200 Take us through some of the positive headlines we got. 507 00:29:03,200 --> 00:29:04,280 Yeah. I mean, I think it's just such a 508 00:29:04,280 --> 00:29:07,320 tale of two markets. I think we we keep saying this. 509 00:29:07,800 --> 00:29:10,720 Yeah, but people I guess just don't want to believe it. 510 00:29:10,720 --> 00:29:14,280 But like institutions are quite literally they're just starting 511 00:29:14,280 --> 00:29:19,040 to get in to, to crypto, like full, full feet ahead. 512 00:29:19,160 --> 00:29:22,520 And it's because of the executive orders that Trump has 513 00:29:22,520 --> 00:29:25,480 signed. We, I shared the stat from the 514 00:29:25,480 --> 00:29:27,360 Bitwise CIO. They're in front of wealth 515 00:29:27,360 --> 00:29:31,160 managers, they're pitching crypto 53% say they're going to 516 00:29:31,160 --> 00:29:35,080 allocate to client portfolio. Like that's a part of when I, I, 517 00:29:35,200 --> 00:29:42,480 I call it the infinite swap where retail takes X percent of 518 00:29:42,480 --> 00:29:45,560 their weekly paychecks or X percent of their portfolio and 519 00:29:45,560 --> 00:29:47,600 it gets allocated to crypto and that doesn't stop. 520 00:29:48,200 --> 00:29:51,720 It happens effectively for forever. 521 00:29:52,160 --> 00:29:55,160 It's the same that they've been doing for index funds and now 522 00:29:55,160 --> 00:29:57,680 the crypto index funds are going to be a part of that. 523 00:29:59,040 --> 00:30:01,360 So when people think about bullish catalyst, I think that 524 00:30:01,360 --> 00:30:04,520 is absolutely one. You've got huge players like 525 00:30:04,520 --> 00:30:07,400 Bank of America talking about getting into stablecoins. 526 00:30:07,400 --> 00:30:10,080 It seems like stablecoins clearly one of the hot button 527 00:30:10,080 --> 00:30:13,120 topics. All the big players are trying 528 00:30:13,120 --> 00:30:15,360 to to get into it, figure out how they can get a piece of the 529 00:30:15,360 --> 00:30:19,480 pie. PayPal already established with 530 00:30:19,560 --> 00:30:23,800 with PYUSD, but they want to go even further and they talked 531 00:30:23,800 --> 00:30:27,080 about trying to get it integrated into more and more of 532 00:30:27,080 --> 00:30:30,280 their products. So as that happens, like 533 00:30:30,280 --> 00:30:33,680 barriers are broken down, more people using stablecoins. 534 00:30:34,000 --> 00:30:38,520 The way I see it, stable coins go up and to the right it is, it 535 00:30:38,520 --> 00:30:40,920 is a wealth effect for large crypto as well. 536 00:30:41,560 --> 00:30:43,720 And it doesn't mean that all these stable coins are going to 537 00:30:43,720 --> 00:30:46,240 be converted into crypto assets, right? 538 00:30:46,680 --> 00:30:48,840 More people come on chain and hold wealth on chain. 539 00:30:48,920 --> 00:30:52,120 It it is a bigger high and some of that, some of that capital 540 00:30:52,120 --> 00:30:56,240 will I believe at least that is my stance. 541 00:30:56,600 --> 00:30:59,480 Have you seen this crazy stat? Let me show you something 542 00:30:59,480 --> 00:31:01,960 insane. Not insane, but it's really like 543 00:31:02,160 --> 00:31:05,480 it. Chris, There you go, 1% of M2 is 544 00:31:05,480 --> 00:31:08,320 stablecoins. Wow. 545 00:31:08,720 --> 00:31:12,160 Yeah, of US DM2 the 1%. So here you go. 546 00:31:12,160 --> 00:31:15,160 Per our network, stablecoins have not crossed over 1% of USD. 547 00:31:15,160 --> 00:31:18,920 SM2 just 99% to go. It's pretty like impressive, 548 00:31:18,920 --> 00:31:23,000 like honesty 99%. That's fine. 549 00:31:23,000 --> 00:31:25,320 That's provocative. I mean, yeah, that is 550 00:31:25,320 --> 00:31:26,800 provocative. But you know the the part that 551 00:31:26,800 --> 00:31:29,840 it's like 1% of it, it's impressive. 552 00:31:30,360 --> 00:31:34,520 But like what, what, what percent what you put by 2035 ten 553 00:31:34,520 --> 00:31:36,680 years that what what would be your over under? 554 00:31:37,200 --> 00:31:40,440 I am not well versed on the stable corn market enough, but 555 00:31:40,960 --> 00:31:43,920 we're moving toward a digital era that has nothing to crypto, 556 00:31:43,920 --> 00:31:46,320 right? It's just digital like like 557 00:31:46,480 --> 00:31:49,720 crypto side, like we're moving to digital era, right, Digital R 558 00:31:49,720 --> 00:31:56,080 digital is so 10 + 10 was my number and my 10 yeah, like 10X 559 00:31:56,080 --> 00:32:00,160 with by 2035 things, you know, Tyler, like tech tends to 560 00:32:00,160 --> 00:32:03,440 accelerate so fast. It could happen 2030, like, you 561 00:32:03,440 --> 00:32:05,200 know, things just accelerate like crazy. 562 00:32:05,240 --> 00:32:06,760 Like we've seen it with AI recently. 563 00:32:07,960 --> 00:32:11,640 It's I think people understood how fast things could accelerate 564 00:32:11,640 --> 00:32:14,520 in this in that sense. That doesn't mean that our odds 565 00:32:14,520 --> 00:32:16,640 going back could accelerate higher with that. 566 00:32:16,640 --> 00:32:21,480 But you know, and like we're, I do believe there is a real 567 00:32:21,480 --> 00:32:24,400 scenario where we are laying the foundation for that hockey stick 568 00:32:24,400 --> 00:32:26,920 growth right now. Like, yeah, all these major 569 00:32:26,920 --> 00:32:31,000 institutions are just now really opening up the doors to to do 570 00:32:31,000 --> 00:32:35,520 this because they couldn't rest that that they would be able to 571 00:32:35,520 --> 00:32:38,720 build these programs and these teams and it not just get 572 00:32:38,720 --> 00:32:40,760 basically shut down. At least in the United States. 573 00:32:41,600 --> 00:32:45,480 Now that that concern is gone for seemingly for at least four 574 00:32:45,480 --> 00:32:50,120 years. We're at the dawn of the era. 575 00:32:50,120 --> 00:32:53,400 And I think that this is how you can start to to get hockey stick 576 00:32:53,400 --> 00:32:54,920 growth. There is real advantages and we 577 00:32:54,920 --> 00:32:57,920 talked about this on Underexposed before, but like 578 00:32:57,920 --> 00:33:01,600 the the fees and digital transactions and credit card 579 00:33:01,600 --> 00:33:03,400 process, we're about two 2 1/2 percent. 580 00:33:04,840 --> 00:33:07,160 It's a crazy business yeah that's that's where you can 581 00:33:07,160 --> 00:33:10,440 attack so like there there's real money to to be made and 582 00:33:10,440 --> 00:33:12,880 there's real anyone who's who's transacted in crypto part of the 583 00:33:12,880 --> 00:33:14,360 reason when we got into this game right. 584 00:33:14,600 --> 00:33:18,240 It's still eye opening. Send 5K to your friend in Paris 585 00:33:18,800 --> 00:33:21,120 or across the world or just in seconds. 586 00:33:21,360 --> 00:33:25,880 Yeah, it it takes seconds. It's much harder to do that via 587 00:33:25,880 --> 00:33:29,480 tread baking. So I think there's a lot of room 588 00:33:29,560 --> 00:33:31,760 to to grow there. So that that's positive. 589 00:33:31,760 --> 00:33:34,120 I think we're going to continue to see those positive headlines. 590 00:33:34,360 --> 00:33:38,080 We'll be very curious what the Senate subcommittee on digital 591 00:33:38,080 --> 00:33:41,200 assets has to say today. We we've talked about this a 592 00:33:41,200 --> 00:33:42,880 little bit in our chat. There is some concern. 593 00:33:42,880 --> 00:33:47,280 I think Gabe Laden raised this concern over which one of 594 00:33:47,280 --> 00:33:49,320 regular like basically there's some yeah. 595 00:33:49,960 --> 00:33:52,520 Piece of packed with the regulations come out perhaps. 596 00:33:55,640 --> 00:33:59,520 I mean, there was this Van Spencer tweet, right, about a 597 00:33:59,520 --> 00:34:02,280 major player. I mean, a lot of people seems to 598 00:34:02,280 --> 00:34:04,960 say it's, I'm not saying it's circle, but it seems like they 599 00:34:04,960 --> 00:34:06,400 think it's circle in the comments. 600 00:34:07,640 --> 00:34:11,000 There's a major players trying to really like regulate that 601 00:34:11,000 --> 00:34:13,199 whole industry and kind of own it. 602 00:34:13,360 --> 00:34:18,480 So right. And I, I certainly see the 603 00:34:18,480 --> 00:34:21,880 argument that we don't want to be pushing competitors out at 604 00:34:21,880 --> 00:34:26,480 the favor of right folks who are spending up in Washington. 605 00:34:26,480 --> 00:34:27,920 And I would tend to agree with that. 606 00:34:28,280 --> 00:34:31,400 Yeah, the soon to be revealed stable coin markup apparently 607 00:34:31,400 --> 00:34:34,440 has requirements to shut off access to the Treasury market to 608 00:34:34,440 --> 00:34:37,360 centralized international stable coin issuers, which is straight 609 00:34:37,360 --> 00:34:38,280 up bad shit. Crazy. 610 00:34:38,280 --> 00:34:41,000 This is a blatant attempt at regulatory capture by US players 611 00:34:41,000 --> 00:34:42,440 done at the expense of U.S. National interest. 612 00:34:42,440 --> 00:34:44,639 So you're curious about this Pythianism? 613 00:34:44,639 --> 00:34:47,239 By the way, great follow. He was a whistleblower for SBF 614 00:34:47,239 --> 00:34:50,440 way before everybody else and everything went down. 615 00:34:50,440 --> 00:34:52,800 So it's really rare. Actually the last time he spoke 616 00:34:52,800 --> 00:34:56,400 up against something was SBF pre SBF fall. 617 00:34:56,719 --> 00:34:58,360 And they, I think a lot of people laughed. 618 00:34:59,120 --> 00:35:02,560 So it's definitely not something to take with a grain of salt and 619 00:35:02,560 --> 00:35:04,000 something to probably pay attention to. 620 00:35:04,000 --> 00:35:06,480 But wow, we should have just been in the stablecoin business. 621 00:35:06,480 --> 00:35:09,560 Jesus Christ, why is everybody launching a token, just launched 622 00:35:09,560 --> 00:35:12,640 stablecoin. We'll be competing with Square 623 00:35:12,640 --> 00:35:16,520 and the Collisons, right? But it's wild. 624 00:35:16,520 --> 00:35:18,680 And then obviously Paolo had some words on that. 625 00:35:18,720 --> 00:35:19,920 I really want to interview Paolo. 626 00:35:19,920 --> 00:35:21,400 We got to get Paolo on the fucking show. 627 00:35:21,720 --> 00:35:25,320 Who knows, Paolo, come on, man. We got to get Paolo on. 628 00:35:25,640 --> 00:35:28,800 That would be a per capita of anyone, right? 629 00:35:28,800 --> 00:35:31,600 It's actually wild. It's what he's what he's 630 00:35:31,680 --> 00:35:32,920 anyways, Tyler, what else you got for us? 631 00:35:33,960 --> 00:35:37,040 Let's see what are favorite headlines? 632 00:35:38,520 --> 00:35:41,000 I just I know I keep talking about every day, but like this 633 00:35:41,000 --> 00:35:42,800 Kaido token is dude. Let's talk about it. 634 00:35:43,120 --> 00:35:45,760 Hold on, talk about it. Let's pull up the chart. 635 00:35:45,760 --> 00:35:48,760 Hold on trading view. This is I actually, I really 636 00:35:48,760 --> 00:35:50,600 want to talk about this because I, I had to take on it this 637 00:35:50,600 --> 00:35:52,320 morning, but take us through it and I'm going to pull up the 638 00:35:52,320 --> 00:35:57,520 chart. So the news today is they, they 639 00:35:57,520 --> 00:36:01,240 continue like to share new information about staking and 640 00:36:01,240 --> 00:36:03,160 staking reasons why folks would hold the token. 641 00:36:03,200 --> 00:36:08,240 It looks like staked token voting will go live here too. 642 00:36:09,800 --> 00:36:12,640 I, I don't know that that's the headline that that drove this 643 00:36:12,640 --> 00:36:16,760 huge candle right now, but that it, it's, it's pumping amidst 644 00:36:17,040 --> 00:36:21,960 that news to, to say the least. The reason why folks remember 645 00:36:23,440 --> 00:36:26,520 there were the Kols and I got included in one of these rounds 646 00:36:26,520 --> 00:36:30,240 too, where there, some of the, the, the launch partners were 647 00:36:30,240 --> 00:36:31,920 paying up to like $2.00 per vote. 648 00:36:32,520 --> 00:36:33,280 Yeah. All right. 649 00:36:33,280 --> 00:36:37,520 Previously, the only way you could get votes was via Yaps. 650 00:36:38,320 --> 00:36:42,840 Now you can get votes by staking your Kaido tokens. 651 00:36:44,600 --> 00:36:48,960 So companies are just buying the Kaido token in order to allege 652 00:36:48,960 --> 00:36:51,280 like they could like that's what you think would lead to the 653 00:36:51,960 --> 00:36:54,440 yeah, they they could, they could buy their own votes 654 00:36:54,440 --> 00:36:56,320 effectively via the token. I don't know if that's the 655 00:36:56,320 --> 00:36:59,120 economic you probably want to trade pre vote post vote right 656 00:37:02,440 --> 00:37:05,120 there. There's a lot of calculus to to 657 00:37:05,240 --> 00:37:08,840 to go into effect for sure. Probably less likely that we're 658 00:37:08,840 --> 00:37:11,760 going to see like the the big yap holders getting paid for 659 00:37:11,760 --> 00:37:13,880 votes now since there's there's other ways to go. 660 00:37:13,880 --> 00:37:16,640 Yeah, no way. So I would probably wouldn't 661 00:37:16,640 --> 00:37:19,000 hold your breath for any more big vote payouts. 662 00:37:19,000 --> 00:37:21,640 There's there's nine new projects launching today. 663 00:37:21,960 --> 00:37:25,960 Also like they, they said that they didn't release their algo 664 00:37:25,960 --> 00:37:29,840 for how people earned tokens and AirDrop one, but participating 665 00:37:29,840 --> 00:37:34,080 in votes was one of them. So if you're in this ecosystem, 666 00:37:34,080 --> 00:37:37,880 if you're, you know, if you want to be participating ahead of 667 00:37:37,880 --> 00:37:41,480 AirDrop 2 and future airdrops, I think like voting is something 668 00:37:41,480 --> 00:37:44,440 you should do. And I mean, it's never bad to to 669 00:37:44,440 --> 00:37:47,640 research projects and figure out which ones you you want to throw 670 00:37:47,640 --> 00:37:51,440 your support behind really anyway, So like, that's the news 671 00:37:51,440 --> 00:37:55,800 here. But man, two $2.40 dude, wild. 672 00:37:56,960 --> 00:37:59,680 I mean, sellers in shambles, sellers in shambles. 673 00:37:59,680 --> 00:38:01,640 This is becoming one of my bigger fumbles. 674 00:38:01,960 --> 00:38:04,760 But you know what, like that, that's the thing, like you, you 675 00:38:04,760 --> 00:38:07,800 also did what was right given the gift specific market. 676 00:38:07,800 --> 00:38:09,160 Like that's what people don't understand, right? 677 00:38:09,160 --> 00:38:11,000 Like it's like every single AirDrop. 678 00:38:11,200 --> 00:38:14,080 I mean, historically every AirDrop has gone to 0 or like 679 00:38:14,080 --> 00:38:17,400 much lower, right? Everyone like since beginning of 680 00:38:17,400 --> 00:38:20,200 times, everything's gone lower, right. 681 00:38:21,000 --> 00:38:23,360 And so, especially in this market was a lot of uncertainty. 682 00:38:23,800 --> 00:38:27,160 Cattle came in is like this like knight in signing armor and it's 683 00:38:27,160 --> 00:38:28,920 going the other way, which is fucking awesome. 684 00:38:29,000 --> 00:38:32,320 It's amazing. Yeah, we do love that you bought 685 00:38:32,320 --> 00:38:34,480 a punk that your punk's down now, but it's OK, it'll go up. 686 00:38:35,080 --> 00:38:37,880 But but the it's it's it's amazing. 687 00:38:37,880 --> 00:38:40,120 It sets a precedent. My take this morning was just 688 00:38:40,120 --> 00:38:42,200 very simple and I'll I'll just read it out loud here. 689 00:38:42,200 --> 00:38:46,480 All the time on here was get used to apps becoming more 690 00:38:46,480 --> 00:38:48,880 valuable than blockchains kind of leading the way. 691 00:38:48,880 --> 00:38:50,960 And it's this is just the start of a new trend. 692 00:38:51,560 --> 00:38:54,080 And for the longest time this cycle, Tyler, we said, and we 693 00:38:54,080 --> 00:38:57,200 meaning like you, me, but also the, the timeline, too many 694 00:38:57,200 --> 00:39:01,440 chains, not many apps and it's chains and chains and chains and 695 00:39:01,440 --> 00:39:03,400 chains. And people are just investing in 696 00:39:03,400 --> 00:39:06,080 these chains to dump on retail and dump and dump and dump and 697 00:39:06,080 --> 00:39:07,160 dump. And like there's nothing 698 00:39:07,160 --> 00:39:08,880 actually, no one's like it's crazy. 699 00:39:08,880 --> 00:39:10,920 But like Sophie had a radical take yesterday, which is like, 700 00:39:10,920 --> 00:39:13,160 hey, let's build cash flow positive businesses in crypto. 701 00:39:13,720 --> 00:39:15,960 Hot take. Like this is a hot take in 1/3. 702 00:39:16,360 --> 00:39:20,480 Like like having revenue generation and regenerating 703 00:39:20,480 --> 00:39:22,680 companies and crypto is like a hot take. 704 00:39:22,680 --> 00:39:25,320 You know what I mean? And here comes Kaido with the 705 00:39:25,320 --> 00:39:27,760 successful tge with the Coinbase backing. 706 00:39:27,960 --> 00:39:30,680 I mean, whoever the market makers is probably doing a 707 00:39:30,680 --> 00:39:33,960 really good job as well, but you know they have done it right, 708 00:39:34,000 --> 00:39:35,480 right. They they built a business, they 709 00:39:35,480 --> 00:39:38,760 built attention, they built mindshare, they built revenue 710 00:39:39,000 --> 00:39:41,840 and then they teach. It's just well done. 711 00:39:41,840 --> 00:39:44,440 Like shout out to you who right like it's it's it's incredibly 712 00:39:44,440 --> 00:39:46,520 well done and and they've really cooked on that son. 713 00:39:46,760 --> 00:39:48,600 Now we don't have the numbers, but it didn't matter. 714 00:39:48,600 --> 00:39:52,680 Like clearly it's doing well and and I really love that and I 715 00:39:52,680 --> 00:39:57,000 hope, Tyler, I really, I pray that this starts the beginning 716 00:39:57,000 --> 00:39:59,840 of this next meta of the second leg of the cycle, which is going 717 00:39:59,840 --> 00:40:02,000 to be like a super app cycle, right? 718 00:40:02,320 --> 00:40:04,880 Like, fuck the Super meme coin cycle, shit like fuck that stuff 719 00:40:04,880 --> 00:40:06,560 like he was going to be meme coins for I love uncorns. 720 00:40:06,840 --> 00:40:09,160 You know me. You can't be in the space and be 721 00:40:09,160 --> 00:40:11,400 a host like everyone in the anti meme coins. 722 00:40:11,400 --> 00:40:13,160 Like you got it, like it's part of the game. 723 00:40:13,160 --> 00:40:17,320 You love meme coins, but you got to also have that can't just be 724 00:40:17,320 --> 00:40:19,240 memes, right? Of course. 725 00:40:19,480 --> 00:40:22,760 So we we want the apps to succeed. 726 00:40:23,000 --> 00:40:25,840 I love that they didn't wait for like perfect market conditions. 727 00:40:25,840 --> 00:40:30,760 They launched on a very rough week and their token is pumping 728 00:40:30,760 --> 00:40:32,680 well, majors are falling off cliffs. 729 00:40:33,360 --> 00:40:35,520 So this goes to show that that that is possible. 730 00:40:35,520 --> 00:40:38,400 I think it also reminds us, hey, this is not a bear market. 731 00:40:39,040 --> 00:40:43,480 I don't think tokens launched a $2.4 billion FT VS in in bear 732 00:40:43,480 --> 00:40:45,040 market. So there is opportunity to be 733 00:40:45,040 --> 00:40:48,240 had if you have a good product and a good app. 734 00:40:48,760 --> 00:40:51,280 So I think you just launch. Yeah, we have to be rooting this 735 00:40:51,400 --> 00:40:53,640 on. Just launch, just launch, just 736 00:40:53,640 --> 00:40:54,560 launch. I think they launched at the 737 00:40:54,560 --> 00:40:56,560 perfect time obviously at market wise. 738 00:40:56,560 --> 00:40:59,840 But given given their mindshare, it's like, yo, how much longer 739 00:40:59,840 --> 00:41:01,520 can you drag the whole yap thing, right, Because it was 740 00:41:01,520 --> 00:41:03,080 going from for like 2 months, three months. 741 00:41:03,080 --> 00:41:04,960 I think we've been farming app for a couple months. 742 00:41:05,920 --> 00:41:08,360 So I think for that market wise, no, but for them it was like 743 00:41:08,440 --> 00:41:10,320 nice time. Like and I and I look into that 744 00:41:10,320 --> 00:41:12,280 as well myself. Like we we talked about like yo, 745 00:41:12,280 --> 00:41:14,680 first you launched the myriad like points program, you 746 00:41:14,680 --> 00:41:17,360 launched a product, you fixed the product as people go, then 747 00:41:17,360 --> 00:41:20,200 you launched USDC markets. Then you show that you can 748 00:41:20,200 --> 00:41:22,400 generate enough revenue for the next four to six weeks. 749 00:41:22,880 --> 00:41:25,600 Then you TG right. And so it's like it's you want 750 00:41:25,600 --> 00:41:28,680 to do things properly. And I think that they have shown 751 00:41:28,680 --> 00:41:30,840 that they're doing things right. And I actually really appreciate 752 00:41:30,840 --> 00:41:35,360 how you who talks openly about his token, his plans, what 753 00:41:35,360 --> 00:41:37,640 Kaido's doing. Like, you know, I really like, I 754 00:41:37,640 --> 00:41:40,000 didn't, they're like, I'm a fan. Like doesn't matter whether I 755 00:41:40,000 --> 00:41:43,000 sold the air drop or what not on day one, I did what I had to do. 756 00:41:43,000 --> 00:41:45,560 When, you know, you taxable dollars day one on your claims 757 00:41:45,560 --> 00:41:47,800 this and that, like this is this doesn't matter. 758 00:41:47,800 --> 00:41:50,040 Like you, you know, credit goes where credit is due. 759 00:41:50,040 --> 00:41:52,480 I think, I think they're doing a really good job and I really 760 00:41:52,480 --> 00:41:55,800 hope they inspire the next wave of the cycle with what they're 761 00:41:55,800 --> 00:41:58,520 doing 100%. And we're already starting to 762 00:41:58,520 --> 00:42:00,120 see some now some more positive movements. 763 00:42:00,120 --> 00:42:04,520 So fancy top launched on Monet. Yeah, that that that's so that 764 00:42:04,520 --> 00:42:07,320 that's how I made sure I got my actions in on monad testing. 765 00:42:07,320 --> 00:42:09,440 And you may get an air drop. I don't know if you will, but 766 00:42:09,440 --> 00:42:13,160 hey, maybe that'll get you paid. It's worth doing. 767 00:42:13,160 --> 00:42:15,640 I think it it's honestly for folks who are who are kind of 768 00:42:15,640 --> 00:42:19,840 looking for like low capital play apps to try. 769 00:42:20,080 --> 00:42:22,400 It's free. You sign up, you get 15 free 770 00:42:22,400 --> 00:42:25,920 cards with that. You can sell some of those you 771 00:42:25,920 --> 00:42:28,120 get like the monad faucet tokens. 772 00:42:28,120 --> 00:42:32,520 So they don't, I don't think they have any real value, but 773 00:42:32,520 --> 00:42:35,680 you can get in, you can learn the game and effectively play 774 00:42:35,680 --> 00:42:37,000 for free. And I think there are some real 775 00:42:37,000 --> 00:42:38,440 prizes. I don't know the exact prize 776 00:42:38,440 --> 00:42:41,800 pools, but they are launching, they are running tournaments on 777 00:42:41,800 --> 00:42:46,800 Monad in in parallel with the the tournaments running live 778 00:42:46,840 --> 00:42:52,280 still on blast. So that one has been doing well. 779 00:42:52,280 --> 00:42:55,720 Abstract abstracting. Jeez, that's this is your next 780 00:42:55,720 --> 00:42:57,280 quote. Abstract abstracting. 781 00:42:57,280 --> 00:42:58,200 You know what let's do right now. 782 00:42:58,200 --> 00:43:00,920 Hold on, you always come up with the best ones. 783 00:43:01,800 --> 00:43:03,760 You're like my Ghost Rider now I'm done. 784 00:43:04,720 --> 00:43:08,520 Can you hear me? Yeah, Yeah, I was saying you 785 00:43:08,520 --> 00:43:09,880 always come up with the good ones for me. 786 00:43:09,880 --> 00:43:12,160 So you're like my Ghost Rider. All right, let's look at 787 00:43:12,160 --> 00:43:13,720 abstract NFT. What's the best place to look 788 00:43:13,720 --> 00:43:14,520 at? It's magic Eden. 789 00:43:14,760 --> 00:43:16,800 Magic Eden. And you go to the abstract. 790 00:43:17,120 --> 00:43:18,560 Got it. All right, let's let's look into 791 00:43:18,560 --> 00:43:19,800 that. Wow. 792 00:43:19,800 --> 00:43:21,520 On scene. Heroes are killing it, bro. 793 00:43:21,640 --> 00:43:23,440 Ch heroes totally back. They're back. 794 00:43:23,720 --> 00:43:26,080 I think they hit point 5.54 overnight. 795 00:43:26,080 --> 00:43:29,400 I was a little concerned this weekend that maybe they topped a 796 00:43:29,400 --> 00:43:31,320 few days in. It looks like they haven't. 797 00:43:31,400 --> 00:43:33,880 I think basically what happened yesterday is Abstract dropped 798 00:43:33,880 --> 00:43:39,680 their weekly XP in that game. Heavily rewarded, which was 799 00:43:39,680 --> 00:43:44,360 always the thesis, but I think it was important to see that for 800 00:43:44,360 --> 00:43:46,600 folks. So folks doubled down on the 801 00:43:46,600 --> 00:43:48,080 game. I think the antis has gotten to 802 00:43:48,080 --> 00:43:52,360 like .3 so they're back up 50% off local lows. 803 00:43:53,120 --> 00:43:55,920 What else is going on this segment Adventurers Project? 804 00:43:56,080 --> 00:43:59,640 I I totally whiffed on this. These were viable around like 805 00:43:59,640 --> 00:44:03,320 point O1, but I guess the Vanek, some folks at Vanek and their 806 00:44:03,320 --> 00:44:05,320 web three department are behind this one. 807 00:44:05,360 --> 00:44:07,240 Wow. I got all tweeted out this 808 00:44:07,240 --> 00:44:08,600 morning. He's the head of digital 809 00:44:08,600 --> 00:44:11,600 research at Vanek. He said it is a Vanek backed 810 00:44:11,640 --> 00:44:14,640 project. So I don't know if that 811 00:44:14,640 --> 00:44:17,880 interpret that however you want. You know Vanek has a pudgy PFP. 812 00:44:18,600 --> 00:44:21,200 Yes. And you know how like Matt, the 813 00:44:21,200 --> 00:44:24,040 CEO of Bitwise, also always bull posting pudgy and Igloo like 814 00:44:24,040 --> 00:44:28,520 it's in part of their NFT thing. You know how Luca in my 815 00:44:28,560 --> 00:44:30,960 interview of him in Paris on stage said that there's going to 816 00:44:30,960 --> 00:44:32,640 be NFT investment vehicles coming soon? 817 00:44:34,120 --> 00:44:37,520 I think I'll put on the record, I think it's going to be an 818 00:44:37,520 --> 00:44:42,240 NFTETF with pudgies in there coming. 819 00:44:42,720 --> 00:44:44,880 That's what he alluded to. It's starting to hit bro What? 820 00:44:44,960 --> 00:44:47,640 Because dude, if the Venex folks are being a fucking NFT project, 821 00:44:47,640 --> 00:44:48,720 they could have picked any chain. 822 00:44:49,960 --> 00:44:54,960 Why don't abstract? Imagine your tweet, ETF NFTS and 823 00:44:55,200 --> 00:44:58,480 and how viral that will go tomorrow, tomorrow, like one per 824 00:44:58,480 --> 00:45:02,160 day that that will happen. But I practice cooking man 825 00:45:02,560 --> 00:45:04,520 instead of playing the TVL game, dude. 826 00:45:04,520 --> 00:45:07,600 They're like, I know a lot of people, including you and Sims 827 00:45:07,600 --> 00:45:10,800 like are like genuinely playing the XP game and getting 828 00:45:10,800 --> 00:45:12,640 involved. Like half of my team is on the 829 00:45:12,640 --> 00:45:16,920 fucking Rd. tracing game. I was just playing this while 830 00:45:16,920 --> 00:45:20,640 like building Myriad, you know, Yeah, like I, I'm not an expert 831 00:45:20,640 --> 00:45:22,920 in these, in this ecosystem. I need to dive in deeper. 832 00:45:22,920 --> 00:45:27,480 But I'm I'm on myriad every day. I'm running the line and I can't 833 00:45:27,480 --> 00:45:30,920 wait for these money. I'm cooking on Myriad, bro. 834 00:45:31,200 --> 00:45:34,200 I'm on fire. Every day I wake up and say when 835 00:45:34,200 --> 00:45:37,200 money markets, when I know, look, I just cooked burst. 836 00:45:37,280 --> 00:45:39,720 Oh, I just want 380,000 points on this one. 837 00:45:40,160 --> 00:45:44,720 Holy shit. What's called I gave that call 838 00:45:44,720 --> 00:45:46,680 also in the myriad in the myriad chat. 839 00:45:46,680 --> 00:45:48,880 I was like, guys, the draw is going to hit the draw is going 840 00:45:48,880 --> 00:45:51,840 to hit and then 92nd minutes like last minute of the game we 841 00:45:51,840 --> 00:45:53,360 drew. That was nice. 842 00:45:53,880 --> 00:45:56,200 I know when USD Marcus, but hopefully within the next two 843 00:45:56,200 --> 00:45:57,800 weeks. That's like that's our target. 844 00:45:58,320 --> 00:46:04,720 Please, devs, please, can you do something please running this 845 00:46:04,720 --> 00:46:06,320 out. Let's talk Bitcoin and FTS 846 00:46:06,320 --> 00:46:09,640 briefly. So we OMB was no yes, OK, fine. 847 00:46:09,640 --> 00:46:15,600 So OMB, the puppets are point O43 those those briefly went 848 00:46:15,600 --> 00:46:18,640 below O 4. Then there were 10X data at 849 00:46:18,640 --> 00:46:21,720 peak. When do these were three? 850 00:46:21,720 --> 00:46:24,760 That's the question on a lot of people's mind here. 851 00:46:26,080 --> 00:46:29,320 The dips keep dipping the number like in my head I was like, if 852 00:46:29,320 --> 00:46:31,840 things get to point O2, like am I going to buy like 50? 853 00:46:31,840 --> 00:46:37,320 So my entry is point O 1. So I still have full round trip 854 00:46:37,760 --> 00:46:43,080 on like 16 puppets, but it still stinks at point O1. 855 00:46:43,080 --> 00:46:46,240 Like are are you just like crying and puking or are you 856 00:46:46,280 --> 00:46:48,440 thinking I'm beyond the point of crying and puking with these? 857 00:46:48,440 --> 00:46:51,080 Like I was worth like my bag was worth 7 Bitcoin peak. 858 00:46:51,920 --> 00:46:54,640 I was walking around Paris last year and I was acting like, Oh 859 00:46:54,640 --> 00:46:56,520 my God, I got so much Bitcoin. Oh, by the code. 860 00:46:56,520 --> 00:46:59,920 Sorry, raffle bought dot XYZ raffle bought dot XY, the 861 00:46:59,920 --> 00:47:04,680 coldest punk, PUNK, punk raffle bought dot XYZ Code is punk or 862 00:47:04,680 --> 00:47:05,720 someone's going to win a punk today. 863 00:47:05,720 --> 00:47:10,240 Anyways, back at you, Tyler. They they kind of look like 864 00:47:10,240 --> 00:47:12,840 they're buys. There's the thing with puppets. 865 00:47:13,160 --> 00:47:15,960 And that's also why I didn't don't do what I did. 866 00:47:15,960 --> 00:47:17,760 I married the bag because I love them. 867 00:47:18,640 --> 00:47:22,000 Yeah, I love, but I don't need 16 of them. 868 00:47:22,840 --> 00:47:25,960 I just did one. Yeah, you don't need to have 16 869 00:47:25,960 --> 00:47:27,480 or something to prove that you love it. 870 00:47:27,800 --> 00:47:30,000 I think we we're we're past that part. 871 00:47:30,160 --> 00:47:33,080 There's an incredible buy. I love those things, dude. 872 00:47:33,080 --> 00:47:34,240 Fuck, you're making me want to buy. 873 00:47:34,360 --> 00:47:37,960 Like, just what are we talking about next? 874 00:47:38,440 --> 00:47:39,760 I can't look at these. I love them. 875 00:47:39,760 --> 00:47:41,400 I don't know. They're so like, they're so 876 00:47:41,400 --> 00:47:43,400 redacted. Like, oh, good. 877 00:47:43,720 --> 00:47:48,720 The prices are just getting so low in Bitcoin terms that, yeah, 878 00:47:49,400 --> 00:47:55,640 if I had to pick an NFT to 2X or 3X, this is probably the board 879 00:47:55,640 --> 00:48:00,480 I'm looking at right now. Yeah, I'm being honest. 880 00:48:00,480 --> 00:48:02,400 But also like, they could just keep going down. 881 00:48:02,400 --> 00:48:04,480 And maybe like also, let's be honest, like quantum caps were 882 00:48:04,560 --> 00:48:07,400 third of a Bitcoin if you're a little richer, like if you got 883 00:48:07,400 --> 00:48:09,760 the money, like the appetite for quantum cat, maybe like at the 884 00:48:09,760 --> 00:48:12,360 end they, they are like the most, one of the biggest teams 885 00:48:12,360 --> 00:48:14,400 on Bitcoin, like Taproot, they just announced like a $70 886 00:48:14,400 --> 00:48:16,280 million raise. Like, you know, you could argue 887 00:48:16,280 --> 00:48:19,240 that, right? But obviously the appetite like 888 00:48:19,320 --> 00:48:22,560 would you rather 4 puppets or 3 1/2 puppets or 1 quantum cat? 889 00:48:22,560 --> 00:48:25,560 There's also argument there. You could go for like 1 node, 890 00:48:25,560 --> 00:48:28,080 one puppet. Like, you know, also ordinal Max 891 00:48:28,080 --> 00:48:29,960 V is a point O29. It's kind of cheap and I'm gonna 892 00:48:29,960 --> 00:48:33,160 lie. So the the Fantastic Four was 893 00:48:33,160 --> 00:48:35,680 these 4 right of Bitcoin, the top 4. 894 00:48:36,200 --> 00:48:38,120 If you're just getting started and got capital, just grab one 895 00:48:38,120 --> 00:48:41,000 of each. Call it a day, man. 896 00:48:41,000 --> 00:48:43,840 One of each peak was like 2 Bitcoin. 897 00:48:43,880 --> 00:48:47,120 Yeah, but one of each peak was the worth of 1 quantum cat, less 898 00:48:47,120 --> 00:48:49,280 than the worth of 1 quantum cat. Think about that. 899 00:48:50,920 --> 00:48:55,000 So if you have the money and you have the appetite to take the 900 00:48:55,000 --> 00:48:58,040 risk, I'm not saying take it. I'm saying if you have the 901 00:48:58,040 --> 00:49:00,800 appetite to take a risk and you want to put into like a longer 902 00:49:00,800 --> 00:49:02,920 play. But I think and I was talking to 903 00:49:02,920 --> 00:49:05,760 this about about this with men yesterday because he cooked on 904 00:49:05,760 --> 00:49:08,440 the puppets early on. I was thinking, I think the the 905 00:49:08,560 --> 00:49:10,720 ordinals trade is going to be end of cycle trade. 906 00:49:11,400 --> 00:49:14,040 Like at this stage, I'm holding my puppets to end of cycle like 907 00:49:14,120 --> 00:49:18,440 NFTS 2021 like it's going to be the thing that really pumps once 908 00:49:18,440 --> 00:49:23,480 Bitcoin stable above 150K super cycle conversations are back on 909 00:49:23,480 --> 00:49:25,880 the board. Everybody's euphoric and we're 910 00:49:25,880 --> 00:49:28,160 buying it like risk because it's high risk assets on Bitcoin 911 00:49:28,160 --> 00:49:33,880 right yes yeah, I think that makes I was just toggling over 912 00:49:33,880 --> 00:49:35,680 to the runes board. I'm not sure that we even need 913 00:49:35,680 --> 00:49:36,920 to do that. No, no, we're not talking about 914 00:49:36,920 --> 00:49:37,760 this. Let's talk about this last 915 00:49:37,760 --> 00:49:39,920 collection, though. Where is it is it in the OMB? 916 00:49:40,320 --> 00:49:43,640 Oh wow floors now the the the I think they're called black eyes. 917 00:49:44,040 --> 00:49:47,560 How do I see them? Why can't I I mean those those 918 00:49:47,560 --> 00:49:50,160 are it you're seeing them. No, that's the regular OMB's. 919 00:49:51,760 --> 00:49:55,200 Isn't that the new ones? Oh, are they within the current 920 00:49:55,200 --> 00:49:56,440 OMB collection? Bongo? 921 00:49:56,840 --> 00:49:58,520 Yeah, yeah. Yeah, you're, you're looking at 922 00:49:58,520 --> 00:49:59,640 the right. One OK, thank you those. 923 00:50:00,000 --> 00:50:02,240 Are the black guys? I love having Bongo on stage. 924 00:50:02,360 --> 00:50:05,760 That's perfect. He's like, you know, that guy on 925 00:50:05,760 --> 00:50:07,720 Joe Rogan that's just there, like ask him a question. 926 00:50:09,040 --> 00:50:12,080 So yo, I actually, I was always a fan of the OMB art. 927 00:50:13,880 --> 00:50:15,280 These are cool. Yeah. 928 00:50:15,280 --> 00:50:17,920 I kind of like this. I like I fuck with that. 929 00:50:18,920 --> 00:50:21,640 They they have some good art in the OMB if you dig into like the 930 00:50:21,640 --> 00:50:25,480 actual like there's just some rare ones to fuck it. 6 so you 931 00:50:25,480 --> 00:50:27,000 told me they sold what 6 Bitcoin worth? 932 00:50:28,320 --> 00:50:36,800 They sold $6.7 million worth yeah 35180 NFTS sold for point 933 00:50:36,800 --> 00:50:41,600 O2 one each so like 70 Bitcoin or something. 934 00:50:41,800 --> 00:50:48,040 Wow that's a big sale. Wow, very impressive. 935 00:50:49,760 --> 00:50:51,720 Damn. They've got a community, they've 936 00:50:51,720 --> 00:50:54,400 got some believers out there. This doesn't happen in the bear 937 00:50:54,400 --> 00:50:56,560 market, by the way, just pointing it out. 938 00:50:56,560 --> 00:50:58,400 I know a lot of the stuff that we're seeing on time doesn't 939 00:50:58,400 --> 00:51:00,280 happen to bull, but like, this doesn't happen in the bear 940 00:51:00,280 --> 00:51:01,040 either. You know what I mean? 941 00:51:01,720 --> 00:51:05,800 Yeah, interesting. So it has it has to be some 942 00:51:05,800 --> 00:51:09,600 confidence that ordinals aren't just all going to 0 immediately, 943 00:51:09,600 --> 00:51:16,480 at least that people are ready to put $7,000,000 in some jpegs 944 00:51:16,600 --> 00:51:22,360 on Bitcoin. Yeah, that's absolutely crazy. 945 00:51:22,360 --> 00:51:24,720 I like this this like this one. There's some good. 946 00:51:25,400 --> 00:51:27,280 What else is there? There was the bolder unitis back 947 00:51:27,280 --> 00:51:28,720 then. I still have mine that I minted 948 00:51:30,000 --> 00:51:32,560 and that was nice. While the Bass angels point OO5 949 00:51:32,560 --> 00:51:35,880 and damn frogs point OO99. That was one of the first 950 00:51:35,880 --> 00:51:38,880 collections on Bitcoin. Those ones are .2 to .3. 951 00:51:38,880 --> 00:51:43,280 I think at at peak yeah that they were like way higher than 952 00:51:43,280 --> 00:51:44,920 puppets for longest time. What's up, Bongo? 953 00:51:46,520 --> 00:51:50,560 Just putting it out there, but I think CKHR or is well know that 954 00:51:50,560 --> 00:51:56,560 CKHR has made over $50 million with OMB like across all the 955 00:51:56,560 --> 00:52:00,440 collections selling them. It's way more than that. 956 00:52:01,560 --> 00:52:04,280 Wow, that is, that is impressive. 957 00:52:04,360 --> 00:52:05,760 Let's look at the rules board, man. 958 00:52:05,760 --> 00:52:07,720 Dog to the moon, bro. That's it. 959 00:52:07,960 --> 00:52:10,720 That's that thing's down above 200 mil, like the whole entire 960 00:52:10,720 --> 00:52:15,480 time. It's wild. 961 00:52:15,680 --> 00:52:19,000 Yeah, dog dogs holding up well, the volumes are are anemic. 962 00:52:19,440 --> 00:52:21,520 Yeah. Oh, God. 963 00:52:22,480 --> 00:52:24,880 Pups. Pups is 24,000,000 Rs. 964 00:52:24,880 --> 00:52:28,240 We've round tripped it not only once, we did it twice. 965 00:52:30,520 --> 00:52:34,480 Twice we did a second time. That was funny. 966 00:52:34,560 --> 00:52:39,560 Anyways, Kodis, Punk, P1 Ki think we're running around the 967 00:52:39,560 --> 00:52:43,080 board pretty well here. That's actually, well, unless I 968 00:52:43,080 --> 00:52:45,000 missed something, Tyler, but I think we went around pretty 969 00:52:45,000 --> 00:52:47,000 well. Yeah, we we did it.