1 00:00:00,120 --> 00:00:03,840 All right, good morning. Good morning, GMGM. 2 00:00:03,840 --> 00:00:08,200 It is another beautiful day to have a beautiful day. 3 00:00:08,200 --> 00:00:12,960 Welcome to episode 147 of Omo Hour. 4 00:00:13,200 --> 00:00:16,840 Today is Thursday, June 27th, 2024. 5 00:00:18,800 --> 00:00:22,240 No, for Oak today. He is out vacationing in Ibiza, 6 00:00:23,200 --> 00:00:27,840 it seems, it seems. But I think he's gonna be back 7 00:00:27,840 --> 00:00:30,480 to us tomorrow. But we've got Amanda Manda's 8 00:00:30,480 --> 00:00:33,920 still showing up every day and, and what a day it is. 9 00:00:33,920 --> 00:00:37,600 What a day for Solana. What a day for for the Duck. 10 00:00:37,600 --> 00:00:40,120 What a day for the entire space. Coinbase is suing the SEC. 11 00:00:40,120 --> 00:00:41,440 We, we might have some salon ETS. 12 00:00:41,440 --> 00:00:44,440 Manda, Jim, how you doing? I'm doing amazing man. 13 00:00:44,560 --> 00:00:47,800 Great day today. Woke up feeling bullish and 14 00:00:48,080 --> 00:00:50,720 yeah, the news just hit it just before we went live. 15 00:00:50,720 --> 00:00:54,000 So yeah, the Sky's the limit now, man. 16 00:00:55,080 --> 00:00:57,120 The the sky is the limit. You nailed the call. 17 00:00:57,120 --> 00:01:01,000 We'll, we'll get into it all on the show here today, folks, We, 18 00:01:01,000 --> 00:01:03,040 we've got so much to run through. 19 00:01:03,040 --> 00:01:05,280 I thought today was going to be a little bit slow when I went to 20 00:01:05,280 --> 00:01:08,040 bed last night could, could not have been further from the 21 00:01:08,040 --> 00:01:10,440 truth. So breaking news this morning, 22 00:01:10,440 --> 00:01:15,040 Van Eck has filed for the first ever Solana ETF in the United 23 00:01:15,040 --> 00:01:17,680 States. That came just minutes after the 24 00:01:17,680 --> 00:01:22,720 Coinbase announced they're suing the SEC and the FDIC effectively 25 00:01:22,720 --> 00:01:26,200 for preventing US crypto companies from being banked. 26 00:01:26,520 --> 00:01:29,160 So two big pieces of news there. We've got the US government, 27 00:01:29,400 --> 00:01:31,400 they've been selling Bitcoin, but we don't even care. 28 00:01:31,640 --> 00:01:34,800 Prices are moving up here. This morning blast settled at 29 00:01:34,800 --> 00:01:38,280 around the $2.5 billion FTVI. Think it's a touch lower now. 30 00:01:38,560 --> 00:01:42,240 Somewhat of a disappointing day one, you're at POC. 31 00:01:42,240 --> 00:01:45,240 He returned after a 2 year silence to complete his censored 32 00:01:45,240 --> 00:01:47,640 collection. We've got an NBA Top Shot 33 00:01:47,640 --> 00:01:51,200 settlement coming and might pay out $0.12 per moment if it does 34 00:01:51,200 --> 00:01:54,200 go through. first US presidential debate tonight. 35 00:01:54,200 --> 00:01:57,920 That is going to be a huge one for the meme coin traders. 36 00:01:58,160 --> 00:02:02,960 Then Theorem Mathis back in green on some lower volume, but 37 00:02:02,960 --> 00:02:05,200 who cares? The farmers are gone and real 38 00:02:05,200 --> 00:02:08,320 buyers are stepping in. We've got a lot to talk through. 39 00:02:08,320 --> 00:02:11,880 Before we dive in, we've got to do a quick shout out to our 40 00:02:11,880 --> 00:02:13,880 partner. So the show is powered by Moon 41 00:02:13,880 --> 00:02:15,720 Pay. To buy and sell crypto with 42 00:02:15,720 --> 00:02:20,000 PayPal, download the Moon Pay app and follow Fair Side Network 43 00:02:20,080 --> 00:02:24,560 on X Wallet coverage for drains, scams and more. 44 00:02:25,320 --> 00:02:27,280 All right, that is our intro Sims. 45 00:02:27,280 --> 00:02:29,360 Do we have the jingles there? Should we just dive right in? 46 00:02:32,720 --> 00:02:35,280 Oh, we have them. There we go. 47 00:02:41,400 --> 00:02:43,120 Can you dig it? Yeah. 48 00:02:43,120 --> 00:02:46,960 So a lot to pick up with today. We had a decent bounce actually 49 00:02:46,960 --> 00:02:48,960 already before this news came out. 50 00:02:49,560 --> 00:02:53,520 Bitcoin had kind of held the levels, even though we had news 51 00:02:53,520 --> 00:02:56,880 that the US government was going to sell some yesterday after a 52 00:02:56,880 --> 00:02:58,880 court ruling. So the German government selling 53 00:02:58,880 --> 00:03:01,520 some and you have these, this overhang of Mount Gox, but we're 54 00:03:01,520 --> 00:03:04,080 still rallying, which just showed a bullish sign. 55 00:03:05,120 --> 00:03:08,920 I said two days ago when we did the show that I, you know, I 56 00:03:08,920 --> 00:03:13,720 felt this bounce could keep going to 63 K area May maybe 57 00:03:13,720 --> 00:03:16,320 6364 K. It feels like we're heading that 58 00:03:16,320 --> 00:03:18,480 way and that Seoul could hit 150. 59 00:03:18,920 --> 00:03:21,440 We've kind of hit that around that level already on so on. 60 00:03:21,440 --> 00:03:24,800 The reason for that is, is because we got some news just 61 00:03:24,800 --> 00:03:27,560 before we went live that there is going to be an application 62 00:03:27,560 --> 00:03:32,520 from Vanek for a Solana ETF. They are they're not the biggest 63 00:03:32,600 --> 00:03:35,440 out of the ETF issuers. Obviously BlackRock, Fidelity 64 00:03:35,440 --> 00:03:37,880 have have seen the majority of the inflows, but Vanek have have 65 00:03:37,880 --> 00:03:40,000 really kind of been. I. 66 00:03:40,640 --> 00:03:42,440 Don't know, maybe the most crypto native. 67 00:03:42,440 --> 00:03:45,480 I feel like just just they've been very, very bullish. 68 00:03:45,480 --> 00:03:48,120 They obviously have been putting out a very bullish thesis on 69 00:03:49,120 --> 00:03:53,760 Solana and on Eve most recently and they've been talking up even 70 00:03:53,760 --> 00:03:57,080 the ETTF recently. So they, they, they definitely I 71 00:03:57,080 --> 00:04:00,680 think got one foot in the whole crypto rabbit hole, perhaps more 72 00:04:00,680 --> 00:04:03,040 than the others. They're applying for a Solana 73 00:04:03,040 --> 00:04:05,400 ETF. It's an S1 filing. 74 00:04:05,880 --> 00:04:10,960 Notably with this, we do not, there is no CME futures, which 75 00:04:10,960 --> 00:04:15,000 was one of the main reasons why the ETF got announced or got got 76 00:04:15,000 --> 00:04:16,959 let through. It was said because there was 77 00:04:16,959 --> 00:04:23,440 some reference for a lack of manipulation in the prices and 78 00:04:23,440 --> 00:04:26,320 we've had seen recently that the CME actually had blocked a 79 00:04:26,320 --> 00:04:28,640 Salama ETF for at least called delay, but this is still 80 00:04:28,640 --> 00:04:33,160 significant. I I think this is more if Trump 81 00:04:33,160 --> 00:04:37,160 gets in, this goes through. If he doesn't, then this could 82 00:04:37,160 --> 00:04:41,280 probably get caught up with Gensler and Biden and Warren and 83 00:04:41,520 --> 00:04:43,240 this doesn't go through. Obviously. 84 00:04:43,240 --> 00:04:47,280 The SEC is called Solana explicitly as security several 85 00:04:47,280 --> 00:04:49,800 times in several different court cases, although none of them 86 00:04:49,800 --> 00:04:53,240 have been directly against the Solana Foundation or any of the 87 00:04:53,240 --> 00:04:56,600 Solana Co founders. They've been more against the 88 00:04:56,600 --> 00:05:00,440 exchanges and call the Solana security through that. 89 00:05:02,440 --> 00:05:04,960 They've obviously had a lengthy description here about why they 90 00:05:04,960 --> 00:05:09,200 believe Solana is a commodity. It obviously has very similar, a 91 00:05:09,200 --> 00:05:13,680 very similar launch to Ethereum, you know, obviously VCs involved 92 00:05:13,680 --> 00:05:17,400 in the launch, but but yeah, not dissimilar. 93 00:05:17,680 --> 00:05:22,200 And with with Eve being called a commodity, I think there is a 94 00:05:22,200 --> 00:05:24,120 very strong case that Solana could be too. 95 00:05:24,400 --> 00:05:28,160 And the, or the SEC would be challenged on its view that, 96 00:05:28,640 --> 00:05:31,040 that it's calling IT security. So I think they've they've gone 97 00:05:31,040 --> 00:05:35,760 down that route, although this would be, you know, this could 98 00:05:35,760 --> 00:05:37,880 easily be rejected just because there's no CME features. 99 00:05:37,920 --> 00:05:41,080 So it'll be interesting to see if we see even people go after 100 00:05:41,080 --> 00:05:43,640 futures ETFs. The next moves here really in my 101 00:05:43,640 --> 00:05:49,240 eyes are does BlackRock apply for one, there's ARC can apply 102 00:05:49,240 --> 00:05:51,320 for one and does Fidelity apply for one? 103 00:05:51,320 --> 00:05:54,480 Last time we had I think ARC applied for the first ETF and 104 00:05:54,480 --> 00:05:58,640 then BlackRock followed suit. It will be interesting to see 105 00:05:58,640 --> 00:06:01,680 because this is like somebody firing, you know, the, the 106 00:06:01,680 --> 00:06:05,720 starting pistol and let's, let's see who else decides to go after 107 00:06:05,720 --> 00:06:08,280 it too. I don't think there's much risk 108 00:06:08,280 --> 00:06:11,080 in applying to these sort of things like it's just paperwork 109 00:06:11,840 --> 00:06:14,040 at the end of the day, like there'll be some fixed cost for 110 00:06:14,040 --> 00:06:16,080 doing this. It'll be more costly if they 111 00:06:16,080 --> 00:06:18,640 fight a decision for, for it to be blocked. 112 00:06:19,000 --> 00:06:21,520 But I, I think there's very little risk for BlackRock or 113 00:06:21,520 --> 00:06:24,240 Fidelity or any of these others being like, yeah, we might as 114 00:06:24,240 --> 00:06:26,080 well file this, this very little risk. 115 00:06:26,080 --> 00:06:28,480 So I think we will probably see more filings. 116 00:06:28,640 --> 00:06:32,800 The success of those I think will probably be delayed until 117 00:06:33,240 --> 00:06:37,760 after the election anyway, but it's just a very good sign. 118 00:06:37,920 --> 00:06:41,000 I think for me, I, I put out that tweet earlier today because 119 00:06:41,000 --> 00:06:44,840 I just, it just looked like Solana had retested a decent 120 00:06:44,840 --> 00:06:48,200 level on, on Sol BTC and on Sol Eath and I just felt like it, it 121 00:06:48,200 --> 00:06:50,040 could, it could really rip. Maybe some people knew 122 00:06:50,040 --> 00:06:54,640 yesterday, obviously Fennex, a massive firm, they, they would, 123 00:06:54,760 --> 00:06:57,360 some people would have known this was about to be filed, but 124 00:06:57,560 --> 00:06:59,960 I think it wasn't. It wasn't like it was massively 125 00:06:59,960 --> 00:07:03,960 outperforming even today. It was up 1% when I did the man 126 00:07:03,960 --> 00:07:04,960 in the minutes and so was it Eve. 127 00:07:05,000 --> 00:07:08,480 So it wasn't like it was like Sol Eve had just gone 5% higher. 128 00:07:08,840 --> 00:07:12,720 Although today on that news, salon hit 150 and then people 129 00:07:12,720 --> 00:07:14,440 are searching for Solana beta, obviously. 130 00:07:14,960 --> 00:07:18,080 So meme coins whiff is probably the biggest of those. 131 00:07:18,080 --> 00:07:23,040 That's that's up about 20%. It looks like that's what about 132 00:07:23,040 --> 00:07:24,640 10%? Sorry, Bonk. 133 00:07:24,720 --> 00:07:28,040 I was up about 6 or 7%. I think people get bullish on 134 00:07:28,040 --> 00:07:31,880 some of these stories again, and I think the, the other half of 135 00:07:31,880 --> 00:07:36,960 that is that it may slightly take away from the ETH 136 00:07:36,960 --> 00:07:39,640 narrative, which I think has been, you know, they're getting 137 00:07:39,640 --> 00:07:42,760 an ETF and that's going through this at least for the next 138 00:07:43,600 --> 00:07:46,800 couple of weeks or even a few months, like people will be 139 00:07:46,800 --> 00:07:48,920 like, well, Solana's getting an ETF. 140 00:07:48,920 --> 00:07:50,800 You know, it's going to be quite easy to come back at that. 141 00:07:50,800 --> 00:07:54,520 So let's see I, I, I would still say the chances of this going 142 00:07:54,520 --> 00:07:58,920 through are below 50%. You can already tell from the 143 00:07:59,040 --> 00:08:03,920 from the Bloomberg analysts commentary that they think is 144 00:08:03,920 --> 00:08:07,920 low or being 2025. That being said, they thought 145 00:08:07,920 --> 00:08:10,720 that about the ETTF and at the end of the day, a lot of this is 146 00:08:10,720 --> 00:08:12,400 down to politics and down to money. 147 00:08:12,400 --> 00:08:15,800 So we'll just see how that develops, if I'm honest. 148 00:08:17,480 --> 00:08:19,720 It's a lot to unpack. Thank you for walking us through 149 00:08:19,720 --> 00:08:23,640 your thoughts. So has this changed anything for 150 00:08:23,640 --> 00:08:25,560 you? Have you started making any 151 00:08:25,560 --> 00:08:27,200 moves? And granted that the news is 152 00:08:27,200 --> 00:08:29,960 breaking, it's like, I mean, I feel like just a few, just like 153 00:08:29,960 --> 00:08:33,280 a week ago, like it seemed like the Solana meme coin market was 154 00:08:33,440 --> 00:08:37,400 like perhaps that it was just dead is too strong of a word, 155 00:08:37,400 --> 00:08:39,600 but that there wasn't much signs alive. 156 00:08:39,600 --> 00:08:42,120 And now it seems like everything is already flipped in just a 157 00:08:42,120 --> 00:08:45,880 matter of days. Do you think Solana continues 158 00:08:45,880 --> 00:08:49,520 moving from here or is 150 kind of the natural move up with the 159 00:08:49,520 --> 00:08:51,880 information we've got considering it's still, you 160 00:08:51,880 --> 00:08:53,920 know, months away from even a potential approval? 161 00:08:54,480 --> 00:08:56,400 How are you feeling about this from a trading perspective? 162 00:08:57,160 --> 00:09:01,560 I think it's quite notable that Solana is up about the same as 163 00:09:01,560 --> 00:09:05,680 the top meme coins on Solana. And I think that's like 164 00:09:05,680 --> 00:09:08,040 something you should pay attention to is, is that that 165 00:09:08,040 --> 00:09:12,000 tells me that Solana might be just as good a play as Solana 166 00:09:12,000 --> 00:09:14,960 beta. And I'd be wary of being like, I 167 00:09:14,960 --> 00:09:18,400 need to get Solana beta. Like maybe maybe levered soul is 168 00:09:18,400 --> 00:09:20,760 even a better trade than meme like some of these meme coins 169 00:09:20,760 --> 00:09:22,840 here. I do think that I'm not saying 170 00:09:22,840 --> 00:09:26,600 it's bearish for meme coins. I'm just saying that for me, 171 00:09:26,720 --> 00:09:30,400 that move tells me that that Solana is is still a good buy 172 00:09:30,400 --> 00:09:32,280 here. I mean, he's down a lot. 173 00:09:32,520 --> 00:09:36,760 Solana was trading it two months ago, you know, closer to 200. 174 00:09:37,320 --> 00:09:39,600 I don't know where that where where was the was it March? 175 00:09:39,600 --> 00:09:43,240 It hit like 210. Yeah, I think everything peaks 176 00:09:43,240 --> 00:09:44,840 around like the end of March, right? 177 00:09:46,680 --> 00:09:52,480 Pull up the chart here. I mean that unlike I would say 178 00:09:52,920 --> 00:09:56,720 many other chains, there's been some really bullish news for 179 00:09:56,720 --> 00:09:58,400 Salon. Like in the last week alone, 180 00:09:58,880 --> 00:10:02,800 you've had the ability to send Solana by e-mail, the ability to 181 00:10:02,800 --> 00:10:07,760 do any transaction on X. You've had a huge tech upgrade 182 00:10:07,760 --> 00:10:11,400 for ZK compression. You've got fire Dancer coming 183 00:10:11,600 --> 00:10:14,440 like these, these guys don't stop. 184 00:10:14,560 --> 00:10:19,520 So there has been like this, there has been material upgrades 185 00:10:19,640 --> 00:10:24,120 continually in Solana, which means that when it, when you get 186 00:10:24,120 --> 00:10:27,720 something like this, people can get really bullish on it is 187 00:10:27,720 --> 00:10:30,120 basically what I'm saying. People can get really bullish on 188 00:10:30,120 --> 00:10:33,000 it because they're like, this was the final piece of that 189 00:10:33,000 --> 00:10:35,880 puzzle, which is right. It needs ETF, it needs 190 00:10:35,880 --> 00:10:39,920 institutional adoption. And if it can get that, even if 191 00:10:39,920 --> 00:10:42,280 there's a slim hope of it, then everything else is working 192 00:10:42,280 --> 00:10:44,520 right. Everything else is, is, is 193 00:10:44,520 --> 00:10:47,760 really working on, on Solana. Maybe the downtown thing earlier 194 00:10:47,760 --> 00:10:52,360 this year was was an upset, but other than that, there's there's 195 00:10:52,360 --> 00:10:55,480 not a lot you can throw at at Solana here other than, yeah, 196 00:10:55,480 --> 00:10:57,920 maybe meme. It's captured meme coins, which 197 00:10:57,920 --> 00:11:00,640 are a lot of people have thinking like a vaporous, but 198 00:11:01,160 --> 00:11:03,400 the fact that it's captured, it is the important thing for 199 00:11:03,400 --> 00:11:06,400 Solana here, in my opinion. I I think people can get very 200 00:11:06,400 --> 00:11:09,880 bullish on that. So I don't know, but it really 201 00:11:09,880 --> 00:11:12,240 wouldn't surprise me if this started moving moving a lot 202 00:11:12,240 --> 00:11:15,280 higher. I think that everyone's always 203 00:11:15,280 --> 00:11:16,800 looking for the narratives, right? 204 00:11:16,800 --> 00:11:18,600 I think there's a lot of questions of of what is the 205 00:11:18,600 --> 00:11:21,480 narrative for Bitcoin? Was it for Ethan? 206 00:11:21,480 --> 00:11:23,880 I feel like Solana's got, I mean, the the narratives are out 207 00:11:23,880 --> 00:11:25,520 there like you've got fire dancer coming if they're 208 00:11:25,520 --> 00:11:28,720 launching all these improvements at at breakneck speed. 209 00:11:28,720 --> 00:11:31,880 So I'm with you. I think it's caught a lot of 210 00:11:33,120 --> 00:11:35,880 backlash. I think because of meme coins, 211 00:11:35,880 --> 00:11:39,480 celebrity meme coins, everyone just effectively is, is aligning 212 00:11:39,480 --> 00:11:43,400 that all the negatives of the this meme coin cycle with 213 00:11:43,400 --> 00:11:46,360 Solana, although they exist across chains, which which has 214 00:11:46,360 --> 00:11:48,360 been interesting. I think it's a lot of this, the 215 00:11:48,360 --> 00:11:52,720 tribalism coming out, but it's a good setup. 216 00:11:53,080 --> 00:11:56,040 It feels really strong. It makes me want to have more. 217 00:11:56,040 --> 00:12:00,920 So I actually wonder if this is a negative for Blast and it's 218 00:12:00,920 --> 00:12:04,320 just a negative for EBMS. That was like my third thought, 219 00:12:04,400 --> 00:12:09,000 which was like you asked me what there is still a lot of things 220 00:12:09,000 --> 00:12:11,600 that are doing air drops in Solana and and they haven't 221 00:12:11,600 --> 00:12:13,160 really worked out. Although people were farming. 222 00:12:13,160 --> 00:12:16,520 That was the what a lot of people were farming in Q1 and 223 00:12:16,520 --> 00:12:20,200 then they a lot of those moved kind of onto blast when the gold 224 00:12:20,200 --> 00:12:25,560 stuff started happening. I do I do think this is probably 225 00:12:25,560 --> 00:12:28,480 the the bearish for blast. Blast is definitely not done 226 00:12:28,480 --> 00:12:32,480 well off the back of this headline, but it's not my first 227 00:12:32,480 --> 00:12:34,400 thought. It's one of these things where I 228 00:12:34,400 --> 00:12:36,360 don't think Solana cares about blast, but blast cares a lot 229 00:12:36,360 --> 00:12:38,200 about Solana. So like, I think people on 230 00:12:38,200 --> 00:12:40,640 Solana are really just like, wow, there's like this is this 231 00:12:40,640 --> 00:12:44,400 is really, really bullish for it, but it probably does paint a 232 00:12:44,400 --> 00:12:49,200 different narrative of, of for people on on blast who are 233 00:12:49,200 --> 00:12:51,440 looking, what's the most attractive farm right now? 234 00:12:52,160 --> 00:12:54,000 There's going to be some more interesting stuff potentially on 235 00:12:54,000 --> 00:12:57,040 Solana if if this narrative continues. 236 00:12:58,120 --> 00:13:00,600 Yeah, a little bit. Let's dig into that for a minute 237 00:13:00,600 --> 00:13:02,480 and we'll come back to slang. There's there's more I want to 238 00:13:02,480 --> 00:13:06,680 talk through, but I agree with that sentiment because I, I 239 00:13:06,680 --> 00:13:10,720 personally did do some rotation from the Salana Casino over to 240 00:13:10,720 --> 00:13:14,880 Blast in the last two months ahead of this tge. 241 00:13:15,120 --> 00:13:20,480 Now we've got the details for BLAST Season 2 at a high level. 242 00:13:20,480 --> 00:13:23,000 So it's going to be a year long. It's going to run until June 20, 243 00:13:23,000 --> 00:13:26,000 2510 billion tokens up for grabs. 244 00:13:26,000 --> 00:13:29,720 The gold is going to be distributed monthly, but that's 245 00:13:29,720 --> 00:13:31,880 all the info we have. We don't have any information 246 00:13:31,880 --> 00:13:34,200 about if there's going to be Blast taking. 247 00:13:34,960 --> 00:13:37,400 You know which apps are going to get prioritized, but that's 248 00:13:37,400 --> 00:13:40,820 still expected. But 12 months is the big take 249 00:13:40,820 --> 00:13:44,840 away and like that is a long, long time and the people's 250 00:13:44,960 --> 00:13:48,040 attention span is that of a house fly. 251 00:13:48,720 --> 00:13:52,040 So it's, it's very hard to see a lot of folks just ready to dig 252 00:13:52,040 --> 00:13:55,000 in and start farming here in in July. 253 00:13:55,560 --> 00:13:59,320 And if the, if the water is warmer in Solana and the casino 254 00:13:59,320 --> 00:14:01,720 is back open, I think that's what we're going to see rotation 255 00:14:01,720 --> 00:14:04,160 back. I think we're already seeing it 256 00:14:04,160 --> 00:14:07,560 a little bit in in in the blast chart here this morning. 257 00:14:07,560 --> 00:14:10,560 Of course the wild card is if they pull out any big updates 258 00:14:10,560 --> 00:14:12,600 here, which I do still expect Pac-Man to give us some more 259 00:14:12,600 --> 00:14:15,520 information reasons to hold blast incentives. 260 00:14:15,520 --> 00:14:18,480 I guess just quickly are, are you surprised at the 2.4 billion 261 00:14:18,480 --> 00:14:20,360 we, we talked about this for a whole show yesterday, so I don't 262 00:14:20,360 --> 00:14:21,600 want to spend too much time on it. 263 00:14:22,400 --> 00:14:24,840 I'm. Definitely surprised. 264 00:14:25,120 --> 00:14:30,680 I think I I I've said I thought it would come. 265 00:14:30,920 --> 00:14:33,960 I honestly thought it would come at 5:00 and then or at least 266 00:14:34,320 --> 00:14:37,680 parry to ZK right? ZK moved lower when it was at 4. 267 00:14:37,760 --> 00:14:40,120 It felt like it would be, it would be close to five and then 268 00:14:40,120 --> 00:14:42,440 ZK move down to three and then you're thinking, well, we 269 00:14:42,440 --> 00:14:46,280 probably could come let's say between 3:00 and 4:00 at the 270 00:14:46,280 --> 00:14:47,720 same time. It did kind of touch that three 271 00:14:47,720 --> 00:14:50,360 level and then got flooded, then it went down. 272 00:14:51,840 --> 00:14:54,160 I agree with you, like 12 months is a long time. 273 00:14:55,200 --> 00:14:58,360 I'm a they're now going to be like a full chain. 274 00:14:58,360 --> 00:15:00,840 I didn't really understand like the tech behind that, but like 275 00:15:00,840 --> 00:15:03,000 maybe, maybe there's going to be some differences. 276 00:15:03,000 --> 00:15:05,600 I just don't know if your average user actually cares that 277 00:15:05,600 --> 00:15:08,720 much about that or like if the delta evaluation will be that 278 00:15:08,720 --> 00:15:10,520 high. I think people just want to 279 00:15:11,040 --> 00:15:13,800 they'll care more about the apps themselves rather than like what 280 00:15:13,800 --> 00:15:15,680 the actual chain is is building out. 281 00:15:16,520 --> 00:15:19,480 This is a still a success for for a lot of people. 282 00:15:19,720 --> 00:15:25,280 You know, I, I think it's if everyone had been following the 283 00:15:25,280 --> 00:15:30,440 avo price the whole time and you know, everyone's been like, 284 00:15:30,440 --> 00:15:33,040 right, well, Avo's been pricing this at 3. 285 00:15:33,040 --> 00:15:37,080 It's going to come around there. Would this spin scene as a bad 286 00:15:37,080 --> 00:15:39,160 thing. I just think everyone, it's all 287 00:15:39,160 --> 00:15:41,520 this is a failure of expectations in my opinion, 288 00:15:42,440 --> 00:15:45,760 rather than a failure of of like it's all relative. 289 00:15:45,760 --> 00:15:50,440 You know, it's like people, people, I think there's a, 290 00:15:50,440 --> 00:15:52,640 there's a like a psychological thing around that, but I, I 291 00:15:52,840 --> 00:15:55,160 forget what it's called, but yeah, people have just been 292 00:15:55,160 --> 00:15:57,680 anchored to the wrong expectations when actually this 293 00:15:57,680 --> 00:15:59,560 is, this is, this is a win for a lot of people. 294 00:15:59,560 --> 00:16:01,720 A lot of people didn't put in that much money and farmed and, 295 00:16:01,720 --> 00:16:03,240 and did well. I think the people that have 296 00:16:03,240 --> 00:16:07,160 lost money are the people who who play DJ games on blast and 297 00:16:07,160 --> 00:16:10,280 they, they were similar to blur farmers where they were like, 298 00:16:10,280 --> 00:16:12,520 well, I lost some money, but don't worry, I'll get some gold. 299 00:16:13,000 --> 00:16:17,360 Like I think that that was the, the error of people. 300 00:16:17,600 --> 00:16:19,480 And I think that's really just gambling culture. 301 00:16:19,720 --> 00:16:22,480 Like, you know, you get told you're going to get some sort of 302 00:16:22,480 --> 00:16:26,040 AirDrop because you lost, even though you lose money, you kind 303 00:16:26,040 --> 00:16:29,000 of, you kind of protect yourself mentally by saying, Oh, it's 304 00:16:29,000 --> 00:16:30,720 going to be OK because I'll get all this gold. 305 00:16:31,120 --> 00:16:33,480 And that's probably where the fallacy came. 306 00:16:33,480 --> 00:16:35,200 Like if you're going to if you're going to do degenerate 307 00:16:35,200 --> 00:16:37,800 shit and you lose money, don't expect the AirDrop to to save 308 00:16:37,800 --> 00:16:41,280 you. Yes, mistakes were clearly made 309 00:16:41,880 --> 00:16:44,280 for folks who got over invested in some of the apps there. 310 00:16:44,280 --> 00:16:47,680 There was ways to do it with with much less capital risk. 311 00:16:47,680 --> 00:16:51,680 And I think folks, the folks who did that had a much better time. 312 00:16:51,680 --> 00:16:55,760 Still a huge win. The vision is a big one, right? 313 00:16:55,760 --> 00:16:58,560 They want to be the full stack chain basically they they want 314 00:16:58,560 --> 00:17:00,600 to be able to go from bank to blast to that. 315 00:17:00,600 --> 00:17:05,000 So cutting out potential exchanges, cutting out desktop 316 00:17:05,000 --> 00:17:07,119 wallets. They they released the mobile 317 00:17:07,119 --> 00:17:08,680 app yesterday. I got a chance to play around 318 00:17:08,680 --> 00:17:10,400 with a little bit still in its infancy. 319 00:17:10,680 --> 00:17:13,160 You know that they want to have they've got a wallet tab in the 320 00:17:13,200 --> 00:17:16,920 app now, but that's not going to be live until Q4. 321 00:17:17,040 --> 00:17:19,160 So I think this is going to take a while to play out. 322 00:17:19,280 --> 00:17:22,200 It is my other read in all this. So like, I don't know that we're 323 00:17:22,920 --> 00:17:25,240 I don't expect a whole lot of violent price action. 324 00:17:25,240 --> 00:17:27,760 I guess it's kind of where I'm going with this in the near 325 00:17:27,760 --> 00:17:31,040 term, unless we get some big incentive announcements coming 326 00:17:31,720 --> 00:17:36,400 in the next few days, which is becoming less and less clear. 327 00:17:36,400 --> 00:17:39,040 Because the, the gold, the points distributions are all 328 00:17:39,040 --> 00:17:42,320 going to have to be so like linear across the whole year 329 00:17:43,040 --> 00:17:46,080 that now it's harder for me to see like the immediate path 330 00:17:46,440 --> 00:17:48,520 upwards. I think a lot of folks were also 331 00:17:48,520 --> 00:17:53,240 talking about wanting to buy it too, selling at 4 billion FTV 332 00:17:53,840 --> 00:17:57,320 that that's feeling a little tougher here on Day 2, but. 333 00:17:57,760 --> 00:18:00,000 I think just because of the Solana headline, if I'm honest, 334 00:18:00,000 --> 00:18:01,800 I think, I think it had a shot. It looked like it was forming a 335 00:18:01,800 --> 00:18:04,120 cup and handle and could have gone up, gone up up there. 336 00:18:04,120 --> 00:18:06,520 But then now people are going to be like, well, so on. 337 00:18:06,520 --> 00:18:08,800 I might have to, might have some strength here. 338 00:18:09,080 --> 00:18:12,760 I, it's difficult with Pac-Man because I even know this from, 339 00:18:12,960 --> 00:18:16,000 from our own projects. Like you release something and 340 00:18:16,000 --> 00:18:18,120 then the community's like forgets about it in 5 minutes 341 00:18:18,120 --> 00:18:19,680 and goes like, what's next? What's next? 342 00:18:19,680 --> 00:18:22,360 Like you fucked all this up. Like you need to do all these, 343 00:18:22,440 --> 00:18:26,920 these other things. And it is the resilience to be a 344 00:18:26,920 --> 00:18:30,560 founder in web three is, is can be very, very tough at times. 345 00:18:31,080 --> 00:18:34,440 So I, I probably, he's probably sitting there going like, man, 346 00:18:34,440 --> 00:18:39,600 like I just built like a whole chain here, you know, like I 347 00:18:39,640 --> 00:18:42,520 built a whole ecosystem, whatever it was the 5th largest 348 00:18:42,520 --> 00:18:45,040 on chain economy. And people are pissed at me 349 00:18:45,200 --> 00:18:49,520 because they had an $8.5 billion FTV estimate or whatever it was. 350 00:18:49,520 --> 00:18:53,760 Like, I think that's probably the part part. 351 00:18:53,760 --> 00:18:56,520 But he also at the same time, the other side of that coin is 352 00:18:56,520 --> 00:18:58,960 that he does promote himself as the Ponzi king, right? 353 00:18:58,960 --> 00:19:00,920 Or like he definitely leans into that. 354 00:19:01,680 --> 00:19:05,160 And if people don't feel like that's continuing, then that's 355 00:19:05,320 --> 00:19:07,600 probably quite a big deal. Like you, he needs to keep this. 356 00:19:08,280 --> 00:19:11,280 He needs to keep that mantra going for Blast to be the D Gen. 357 00:19:11,280 --> 00:19:13,120 chain, if I'm honest. So I don't know, I think he 358 00:19:13,120 --> 00:19:14,920 should act quickly if people are feeling. 359 00:19:15,800 --> 00:19:17,640 I agree with you, they're definitely coming. 360 00:19:17,760 --> 00:19:21,320 If anyone read the the Blast vision, I mean he he goes into a 361 00:19:21,320 --> 00:19:25,680 small like history of incentives in in the blog and they they 362 00:19:25,840 --> 00:19:29,120 pull it back to the Homestead Act of 1862 and incentivized 363 00:19:29,120 --> 00:19:33,040 development of the American West and the importance of incentives 364 00:19:33,040 --> 00:19:37,280 are ingrown. That is why, yes. 365 00:19:37,800 --> 00:19:39,520 It's a good read. It's a quick one. 366 00:19:39,520 --> 00:19:42,920 I also listened to the 45 minute interview that they did with 367 00:19:42,920 --> 00:19:44,240 Jen. Shout out to Jen for, for 368 00:19:44,240 --> 00:19:49,720 landing that interview, by the way, very like apple esque in 369 00:19:49,720 --> 00:19:52,760 how they did it. I like Pac-Man, I think the 370 00:19:52,760 --> 00:19:55,560 incentives are coming. I I think it's a harder road 371 00:19:55,560 --> 00:20:00,240 ahead than perhaps it was. And I mean, we, we talked about 372 00:20:00,240 --> 00:20:02,600 this briefly in the group chat, but like the Apple markets, the 373 00:20:02,600 --> 00:20:05,720 pre market trading like that was the signal the whole time and we 374 00:20:05,720 --> 00:20:08,560 were just hyping ourselves up. Like the the new rule of thumb 375 00:20:08,560 --> 00:20:12,960 is just it's pre market subtract 30 to 40% and and that's your 376 00:20:12,960 --> 00:20:15,920 that should be your expectation for every token. 377 00:20:16,200 --> 00:20:19,280 And if you're surprised to the upside, great. 378 00:20:20,560 --> 00:20:24,160 I I I like Pac-Man, but there comes a point where you can pay 379 00:20:24,160 --> 00:20:28,360 yourself to developing the the Great American W where I feel 380 00:20:28,360 --> 00:20:33,720 like maybe you just check yourself great and I'll do here, 381 00:20:33,720 --> 00:20:36,320 dude. You're not developing California 382 00:20:36,320 --> 00:20:41,800 at the same time. Like, yeah, I think, I think, I 383 00:20:41,800 --> 00:20:43,720 think it's pretty cool. I think that he'll probably do 384 00:20:43,720 --> 00:20:46,160 well with it. But you don't need 45 minutes of 385 00:20:46,520 --> 00:20:49,520 of. We are, we are, we are 386 00:20:49,520 --> 00:20:54,960 explorers. I I want to pulse back to to 387 00:20:54,960 --> 00:20:57,720 Solana a little bit. So I think the other or Solana 388 00:20:57,720 --> 00:21:00,000 and meme coins. The other big event today is the 389 00:21:00,120 --> 00:21:03,840 the US presidential debates. So this is the first one of 390 00:21:03,920 --> 00:21:06,440 three. The next is not till September. 391 00:21:06,720 --> 00:21:10,280 So it's after the Democratic National Convention where some, 392 00:21:10,680 --> 00:21:12,320 I think that Biden is, is going to be replaced. 393 00:21:12,400 --> 00:21:16,200 We'll put that aside. Nate Silva released his first 394 00:21:16,200 --> 00:21:19,440 cut of the election model. He's got Trump as a 66% 395 00:21:19,440 --> 00:21:21,120 favorite. Yeah, so. 396 00:21:21,760 --> 00:21:25,520 We'll we'll see if the odds change, but I mean the action 397 00:21:25,520 --> 00:21:27,920 for those who are in the mean corn streets in the trenches 398 00:21:27,920 --> 00:21:31,280 like there, there's going to be big action on pumped up fun 399 00:21:31,280 --> 00:21:33,800 tonight. Are are you staying up? 400 00:21:34,040 --> 00:21:35,920 Are are you going to be turn debates? 401 00:21:36,920 --> 00:21:39,200 I know you're going to bed pretty late, so yeah, I'll I'll 402 00:21:39,200 --> 00:21:42,200 definitely watch it. I know Sims, our producer is big 403 00:21:42,200 --> 00:21:45,000 on pumped up fun. He'll be in the streets. 404 00:21:46,520 --> 00:21:47,640 I think there's going to be a ton. 405 00:21:48,240 --> 00:21:50,040 I think the interesting ones here, like going into this 406 00:21:50,040 --> 00:21:51,880 debate is really the VP choice, right? 407 00:21:52,280 --> 00:21:54,240 We've seen some movement in some of those that that one we 408 00:21:54,240 --> 00:21:57,120 mentioned before that Doug Burgum coin. 409 00:21:57,640 --> 00:22:00,680 There's been a lot of bets that like Vivek, it could be a last 410 00:22:00,680 --> 00:22:04,720 minute VP and there's like two or three others. 411 00:22:04,760 --> 00:22:07,520 And, and Trump has said that the VP, it's going to be at the 412 00:22:07,520 --> 00:22:09,200 debate. So every single potential VP is 413 00:22:09,200 --> 00:22:10,800 actually flown in. So I don't know if that's going 414 00:22:10,800 --> 00:22:15,680 to be announced. I don't know if I'd play Trump 415 00:22:15,680 --> 00:22:18,480 versus Bowden on this. I feel like that's too obvious. 416 00:22:18,480 --> 00:22:21,360 And people are, people have probably been buying into it or 417 00:22:21,360 --> 00:22:24,200 with the assumptions. I, I, I honestly think that's 418 00:22:24,200 --> 00:22:28,240 more of a chance that you'll get exit liquidity on, on that 419 00:22:28,240 --> 00:22:30,160 night. So the ones that I'm really 420 00:22:30,160 --> 00:22:34,280 looking at is, is really just the maybe what they say live, 421 00:22:34,280 --> 00:22:37,040 maybe that goes viral, but that's probably a sub 5 million 422 00:22:37,040 --> 00:22:39,600 coin. And then it would be, yeah, the 423 00:22:39,600 --> 00:22:41,080 VP choice. I think those would be the ones 424 00:22:41,120 --> 00:22:44,760 I'd be looking at. Yeah, I know the VOC had a had 425 00:22:44,760 --> 00:22:47,320 quite the run yesterday. I I've got friends who were who 426 00:22:47,320 --> 00:22:49,320 were betting on him at 100 to one. 427 00:22:50,000 --> 00:22:53,800 I think his his odds shot up like 10% on Poly market. 428 00:22:54,040 --> 00:22:57,040 Bergam is still by folks aren't following the stream so Bergam 429 00:22:57,040 --> 00:22:59,240 is the clear front runner. At least with Poly market he's 430 00:22:59,240 --> 00:23:04,720 at 40% chance to win. I think the other challenge in 431 00:23:04,720 --> 00:23:08,560 all this and why meme coins aren't exactly prediction 432 00:23:08,560 --> 00:23:11,040 markets, they're more like pseudo markets is like there's a 433 00:23:11,040 --> 00:23:13,720 chance these all just go to 0 after the announcement. 434 00:23:13,720 --> 00:23:17,600 It's like even if Bergam wins, like it's stuck in crash because 435 00:23:17,600 --> 00:23:20,520 there's not any events left after this. 436 00:23:21,200 --> 00:23:24,680 Yeah, I agree with that. So, so maybe maybe the best way 437 00:23:24,680 --> 00:23:27,920 to play this is on Polymarket rather than on rather than on 438 00:23:27,920 --> 00:23:30,560 Meme codes like these could all just go to zero as well. 439 00:23:30,560 --> 00:23:35,320 I do think that unlike this Bergam guy, when you read into 440 00:23:35,320 --> 00:23:38,560 him, he feels like the sort of guy that could be elected if 441 00:23:38,560 --> 00:23:42,680 Trump was to drop out. Like how was Trump going to be 442 00:23:42,680 --> 00:23:44,440 next? Next election, if he wins it, 443 00:23:44,440 --> 00:23:47,840 he'll be 83, maybe 80 is what I'm. 444 00:23:47,840 --> 00:23:49,480 Asking. Yeah, I think that sounds right. 445 00:23:49,480 --> 00:23:52,320 Near the end perhaps? So you got to assume that he 446 00:23:52,320 --> 00:23:58,200 probably doesn't run again. So then then I think it would be 447 00:23:58,360 --> 00:24:01,640 there's a decent chance that the VP becomes the the top choice. 448 00:24:01,640 --> 00:24:07,400 So like maybe people feel like he's an OK midterm hold whoever 449 00:24:07,400 --> 00:24:10,520 the VP is this time. Yeah, yeah. 450 00:24:10,520 --> 00:24:14,160 So there's, there's definitely some, there's more runway on the 451 00:24:14,160 --> 00:24:16,920 potential VP. They're going to be on the stage 452 00:24:16,920 --> 00:24:20,440 here for a while. It's going to be like today is 453 00:24:20,440 --> 00:24:24,120 going to be a big one for these the Poly 5 prediction markets. 454 00:24:24,120 --> 00:24:26,240 I mean, you have to assume all the candidates who lose just go 455 00:24:26,240 --> 00:24:28,680 to 0. So, so those are much bigger 456 00:24:28,680 --> 00:24:30,920 gambles. You got to have the quick 457 00:24:30,920 --> 00:24:32,840 trigger. I think you're right on the Poly 458 00:24:32,840 --> 00:24:34,880 market, but it's like if you really want to throw capital at 459 00:24:34,880 --> 00:24:37,200 this and you think you've got the read, I think just the the 460 00:24:37,200 --> 00:24:40,160 more secure locking in your upside. 461 00:24:40,200 --> 00:24:43,080 I mean, so you're going to get 150% on a Burgum bet. 462 00:24:43,080 --> 00:24:47,160 Let's see that you bet 10K. Oh shit, so you bet 10K already. 463 00:24:47,440 --> 00:24:51,680 It brings you up to $0.68. So not not as good of a upside 464 00:24:51,760 --> 00:24:54,800 on that one. Let's see what the look of mine 465 00:24:54,800 --> 00:24:56,880 is. If Biden does terribly, I think 466 00:24:56,880 --> 00:24:59,400 the best bet is also just like by the Michelle Obama coin, 467 00:24:59,400 --> 00:25:01,080 right? Because there's a chance there 468 00:25:01,080 --> 00:25:03,280 will be more talk about him dropping out if it doesn't go 469 00:25:03,280 --> 00:25:04,800 well. So like, if Trump really wins 470 00:25:04,800 --> 00:25:09,480 this, this debate, then I don't know if I'd buy any Trump coin. 471 00:25:09,920 --> 00:25:13,640 I think I'd buy and Michelle Obama coin or I'd buy that. 472 00:25:13,640 --> 00:25:16,480 I'd buy, I'd buy that in polymarket because it just feels 473 00:25:16,480 --> 00:25:21,200 like that's, that's a better chance than being like somebody 474 00:25:21,240 --> 00:25:24,240 looking for exit liquidity. I, I don't know. 475 00:25:24,760 --> 00:25:27,040 I've I've seen I've saw today that they've they've like 476 00:25:27,040 --> 00:25:31,480 changed the mics, right? With like flashing green lights 477 00:25:31,480 --> 00:25:33,400 when your mic is on or something similar. 478 00:25:34,240 --> 00:25:36,160 There's no Trump interruptions this time. 479 00:25:36,160 --> 00:25:40,880 Like I've seen the CNN, they did like a showing of how it's going 480 00:25:40,880 --> 00:25:43,480 to be. It's very much one person speaks 481 00:25:43,480 --> 00:25:47,200 and then the other person speaks, which probably plays 482 00:25:47,200 --> 00:25:50,040 into, well, I, I guess the debates last time, a lot of 483 00:25:50,040 --> 00:25:52,080 people said that they were just kind of bit pointless because it 484 00:25:52,080 --> 00:25:55,840 was just shouting matches. But I think it definitely 485 00:25:56,080 --> 00:25:57,960 doesn't play into Trump's hands, let's put it that way. 486 00:25:58,760 --> 00:26:01,000 It doesn't. It's interesting. 487 00:26:01,080 --> 00:26:03,720 I think there's, there's even you can bet on the odds of who's 488 00:26:03,720 --> 00:26:06,560 going to win the debate. So like you can bet the CNN like 489 00:26:06,560 --> 00:26:09,680 CN NS got Biden at like 65% favorite to win. 490 00:26:09,720 --> 00:26:12,160 But it's based on CNN result polls. 491 00:26:13,000 --> 00:26:15,600 So I imagine like the Fox News polls is probably going to be 492 00:26:15,600 --> 00:26:19,600 equally slanted to, to Trump. I think Bowden Bowden is in 493 00:26:19,600 --> 00:26:21,720 trouble here. I really still think it is like 494 00:26:22,000 --> 00:26:24,160 I, I, I've heard people say like, oh, what if Trump says it 495 00:26:24,160 --> 00:26:26,880 during the debate? That that feels so outlandish to 496 00:26:26,880 --> 00:26:29,800 me that he's going to name drop the Bowden. 497 00:26:30,560 --> 00:26:34,640 I would 0% chance on him naming Bowden during this debate. 498 00:26:34,640 --> 00:26:37,600 He hasn't even said it before that people just won't 499 00:26:37,600 --> 00:26:39,200 understand what that what it's about. 500 00:26:40,120 --> 00:26:42,960 I mean, if he does poorly that that that means he's he's more 501 00:26:42,960 --> 00:26:45,840 likely to be out of the election, which I think is also 502 00:26:45,840 --> 00:26:48,640 a negative to to the token. So I I don't know. 503 00:26:48,920 --> 00:26:51,560 I'm I'm not feeling great about that one. 504 00:26:52,480 --> 00:26:57,080 If I had to no, I feel like waiting for any like outlandish 505 00:26:57,080 --> 00:26:59,440 or memorable events is probably a hot play. 506 00:26:59,440 --> 00:27:02,440 I like to be bitcoins with you as well. 507 00:27:02,440 --> 00:27:08,080 We, we, we will certainly we'll certainly see we kind of we kind 508 00:27:08,080 --> 00:27:11,040 of dovetail off of your market report and was there anything 509 00:27:11,040 --> 00:27:14,320 else we got the US government selling Bitcoin now they. 510 00:27:15,760 --> 00:27:21,040 They came in to sell about 240 million and they have, you know, 511 00:27:21,040 --> 00:27:26,320 multiple billions. So I think, I don't think 512 00:27:26,320 --> 00:27:29,480 they're going to sell all this, but like all the multiple 513 00:27:29,480 --> 00:27:30,600 billions. But it was interesting to see 514 00:27:30,600 --> 00:27:32,960 that they did that. And then that's just been the 515 00:27:32,960 --> 00:27:34,040 overhang. That's why Bitcoin's been 516 00:27:34,040 --> 00:27:35,760 slightly underperforming performance because this has 517 00:27:35,760 --> 00:27:39,440 been, there's just been a decent amount of supply potentially. 518 00:27:40,400 --> 00:27:44,560 I in terms of anything macro, there wasn't, there wasn't 519 00:27:44,560 --> 00:27:48,120 really a lot like we, we saw a slight slowdown in new home 520 00:27:48,120 --> 00:27:50,880 sales, which people got felt like the Fed's probably going to 521 00:27:50,880 --> 00:27:52,560 have to start cutting rates even quicker. 522 00:27:54,440 --> 00:27:56,920 And people are getting a little bit more bullish on that, on 523 00:27:56,920 --> 00:28:01,440 that sort of concept. So yeah, that's, that's been 524 00:28:01,440 --> 00:28:03,960 about it. Gold, like I think the NASDAQ is 525 00:28:03,960 --> 00:28:06,360 close to all time highs still gold fell a little bit. 526 00:28:06,360 --> 00:28:08,360 But yeah, nothing really a macro to throw us off. 527 00:28:09,200 --> 00:28:12,280 And then it's really just like the other thing. 528 00:28:12,280 --> 00:28:14,040 You, I don't know if you mentioned it, but the Coinbase 529 00:28:14,040 --> 00:28:16,640 is suing the SEC, which is, which is relatively interesting 530 00:28:16,640 --> 00:28:22,360 that that had come out just before the Solana headline, is 531 00:28:22,360 --> 00:28:25,840 that they're suing them over the Freedom of Information Act 532 00:28:25,840 --> 00:28:29,440 requests. So they've obviously been asking 533 00:28:29,440 --> 00:28:31,880 for a ton of different information from Coinbase about 534 00:28:32,040 --> 00:28:37,560 customers and, and operations. And the Coinbase is, is like 535 00:28:38,320 --> 00:28:40,560 fighting back here. So there have been some rumours 536 00:28:40,560 --> 00:28:43,400 that Coinbase, the SEC had dropped the case against 537 00:28:43,400 --> 00:28:46,680 Coinbase after it dropped the case against consensus. 538 00:28:48,520 --> 00:28:51,880 I don't know, but this points to the idea that that they're still 539 00:28:52,000 --> 00:28:54,560 actively in war. So. 540 00:28:54,800 --> 00:28:56,680 It feels the way. Well, the other interesting 541 00:28:57,080 --> 00:28:59,520 aspect of this is the US government used Coinbase to sell 542 00:28:59,520 --> 00:29:04,200 their Bitcoin yesterday. As I understand it, it's a. 543 00:29:05,000 --> 00:29:07,680 Dumb situation. So dumb. 544 00:29:09,040 --> 00:29:10,480 Like why they're not just championing it? 545 00:29:10,480 --> 00:29:12,560 Like Coinbase is clearly trying to be a strong actor. 546 00:29:13,120 --> 00:29:16,600 It's trying to be as above board as it can be, and in a world 547 00:29:16,600 --> 00:29:20,360 where people have actively been rugged on several different 548 00:29:20,360 --> 00:29:26,040 exchanges over the last decade, why not just try and promote one 549 00:29:26,040 --> 00:29:30,400 of the good actors rather than like do they really want another 550 00:29:30,400 --> 00:29:32,400 FDX on their hands? Like do they want to like 551 00:29:33,000 --> 00:29:36,960 Downtrod, Coinbase and push people to other exchanges? 552 00:29:36,960 --> 00:29:39,560 It just seems, just seems dumb. Yeah. 553 00:29:39,560 --> 00:29:42,560 I don't know that I understand that the motives other than just 554 00:29:42,800 --> 00:29:46,240 pure control, I guess I don't know. 555 00:29:46,400 --> 00:29:49,520 So it's been a tough one for me to figure out. 556 00:29:49,520 --> 00:29:54,040 I'm hopeful that perhaps with an administration change, which 557 00:29:54,040 --> 00:29:57,040 looks to be the odds on favorite outcome here, that that perhaps 558 00:29:57,040 --> 00:29:59,440 some of this will go away and change course. 559 00:29:59,440 --> 00:30:02,760 And then maybe that'll open the doors for the salon ETF, as you 560 00:30:02,760 --> 00:30:05,800 mentioned here at the beginning of the show. 561 00:30:06,880 --> 00:30:09,520 I think that's mostly it for for the macro news. 562 00:30:09,520 --> 00:30:11,960 I think for for those who are still in the NFT market, a 563 00:30:11,960 --> 00:30:14,880 little bit of of welcome green on on the board, which I thought 564 00:30:14,880 --> 00:30:18,280 was notable. Volumes are down tremendously. 565 00:30:18,280 --> 00:30:21,840 So only three collections did over 100 ETH volume on Blair in 566 00:30:21,840 --> 00:30:25,840 the past 24 hours. If if folks remember back in the 567 00:30:26,120 --> 00:30:31,040 peak farming heyday, you know, it was 3004 thousand ETH being 568 00:30:31,040 --> 00:30:35,160 slung around per day. But what's been somewhat nice is 569 00:30:35,160 --> 00:30:37,160 it feels like we're starting to see a little bit of recovering. 570 00:30:37,160 --> 00:30:40,560 Granted, last week was somewhat of a crash, but a lot of 571 00:30:40,560 --> 00:30:44,080 collections up five to to 15%. I don't think we're going to 572 00:30:44,080 --> 00:30:47,720 necessarily just like rock it up from here, but it feels like 573 00:30:47,720 --> 00:30:51,960 perhaps we could maybe grind up a a little bit slowly here. 574 00:30:51,960 --> 00:30:55,920 If if macro cooperates, if crypto doesn't just totally shit 575 00:30:55,920 --> 00:30:59,240 the bed, we're going to know what these teams are doing. 576 00:31:00,200 --> 00:31:02,440 I love this man like well as soon as I saw this and I saw the 577 00:31:02,440 --> 00:31:05,760 slowdown in volumes and prices going up and order books looking 578 00:31:05,760 --> 00:31:08,480 thinner on both sides. This is why you should own 579 00:31:08,480 --> 00:31:12,000 NFTSNFTS are not shit coins, they're not fungible. 580 00:31:12,600 --> 00:31:15,080 They should be tied more to identity, to the idea of a 581 00:31:15,080 --> 00:31:20,200 collectible. And I I just think that this was 582 00:31:20,200 --> 00:31:22,680 really bullish. I even said to OSF, like, should 583 00:31:22,680 --> 00:31:24,840 we buy some NFCS here? Like it feels like the sort of 584 00:31:24,840 --> 00:31:30,520 time to be buying some NFTS And we, we're like, we were, we were 585 00:31:30,520 --> 00:31:34,360 talking about that this morning. This is the most, most bullish 586 00:31:34,360 --> 00:31:36,800 I've I've felt about NFTS in a while. 587 00:31:36,800 --> 00:31:40,520 I, I, I do this, I saw stats said that some of the blower 588 00:31:40,520 --> 00:31:41,800 farmers are still going to be there. 589 00:31:41,800 --> 00:31:44,320 And it's kind of that's a little bit frustrating. 590 00:31:44,960 --> 00:31:48,240 But yeah, I definitely, I definitely think lower volume 591 00:31:48,320 --> 00:31:52,640 will equal higher prices. I know that sounds silly, but 592 00:31:52,640 --> 00:31:54,960 like they will I I reckon that that's what will happen. 593 00:31:55,440 --> 00:31:57,520 I, I tend to agree. It feels like somewhat of us to 594 00:31:57,520 --> 00:31:59,160 reset and it's not going to be a total reset. 595 00:31:59,160 --> 00:32:01,160 It's going to take time. Yeah, the farmers are not 596 00:32:01,160 --> 00:32:02,960 totally gone. There are still blur incentives. 597 00:32:02,960 --> 00:32:07,000 There is a blur season four, but the, how I wrote the tea leaves 598 00:32:07,000 --> 00:32:08,960 yesterday is all the farmers were just incredibly 599 00:32:08,960 --> 00:32:12,120 disappointed in the rewards. The rewards are the lowest 600 00:32:12,120 --> 00:32:15,240 they've ever been. So like there are incentives, 601 00:32:15,240 --> 00:32:16,800 but they're just not that strong. 602 00:32:16,840 --> 00:32:20,520 And it does seem like the biggest ones have closed up 603 00:32:20,520 --> 00:32:23,120 shop, so we'll see if CBB steps back in. 604 00:32:24,000 --> 00:32:25,520 I've been thinking about buying as well. 605 00:32:25,520 --> 00:32:27,800 I actually bought a few Solana entities yesterday though. 606 00:32:27,800 --> 00:32:31,760 Now the question is, if Soul rips into this ETF news, is that 607 00:32:31,760 --> 00:32:34,720 going to temporarily hurt hurt prices and sold terms? 608 00:32:34,720 --> 00:32:36,800 We'll have to have to watch that. 609 00:32:36,840 --> 00:32:40,680 But with the the blast, there's huge opportunity cost of buying 610 00:32:40,680 --> 00:32:42,520 entities. With this blast farming going 611 00:32:42,520 --> 00:32:44,960 on, that's going to slow down. So that opportunity cost is 612 00:32:44,960 --> 00:32:47,000 removed. You still got the meme coins as 613 00:32:47,000 --> 00:32:51,240 the primary alternative, but I don't know it it's opening up 614 00:32:51,720 --> 00:32:55,000 for NFTS here, but so so we'll certainly see. 615 00:32:55,760 --> 00:32:59,040 Yeah, I like, I like some of the major collections, if I'm 616 00:32:59,040 --> 00:33:00,520 honest. I think I think they're in 617 00:33:00,560 --> 00:33:03,920 they're they're down enough. I think they can rally. 618 00:33:04,080 --> 00:33:06,280 I think Pudgy's is is one that stands out. 619 00:33:06,640 --> 00:33:09,920 Punks obviously is down. What apes Milady's like red 620 00:33:09,920 --> 00:33:12,080 guys. You can get into a bunch of 621 00:33:12,480 --> 00:33:14,200 collections which have been active throughout the bear 622 00:33:14,200 --> 00:33:18,720 market and I think there's a there's a chance you see some 623 00:33:18,720 --> 00:33:21,360 big rallies. Yeah, punk's back to 27, so 624 00:33:21,360 --> 00:33:24,800 they're up a solid 20% off the bottom. 625 00:33:24,800 --> 00:33:28,720 I think they hit 23, Yeah. So we will, certainly. 626 00:33:28,760 --> 00:33:32,280 See, I wouldn't say punks is my number one buy just because it 627 00:33:32,280 --> 00:33:36,880 wasn't as farmed as the others. I feel like I feel like the ones 628 00:33:36,880 --> 00:33:39,400 that were massively farmed are the ones that I would I would 629 00:33:39,400 --> 00:33:42,920 look tend. To agree, we need to look at the 630 00:33:42,920 --> 00:33:46,200 supply to see if they've actually been exited or not. 631 00:33:46,680 --> 00:33:50,600 Yeah, that's the other thing. Yeah, there's going to be some, 632 00:33:51,040 --> 00:33:54,880 some, some farmers that need to exit, isn't it? 633 00:33:55,480 --> 00:34:00,360 That's the round up and then it Tees the other slap meme coin 634 00:34:00,360 --> 00:34:03,560 news we haven't talked about is this this duck the epic 635 00:34:03,560 --> 00:34:06,440 converter? It's going viral here this 636 00:34:06,440 --> 00:34:08,440 morning. Wizard of so host tweeting this 637 00:34:08,440 --> 00:34:11,600 out like Jing Tao is is tweeting this out. 638 00:34:11,600 --> 00:34:15,760 We've got the the tailwinds here with the the Solana ETF 639 00:34:15,800 --> 00:34:17,920 applications. Yeah. 640 00:34:18,159 --> 00:34:21,080 Should we explain what this thing is to folks if they're not 641 00:34:21,080 --> 00:34:24,040 familiar? Yeah, So it was something that 642 00:34:24,040 --> 00:34:26,480 one of our community members mentioned and it's taken us a 643 00:34:26,480 --> 00:34:31,920 while to build, but basically you connect your wallet and a 644 00:34:31,920 --> 00:34:34,880 bunch of people obviously during the meme coin streets either get 645 00:34:34,880 --> 00:34:37,840 sent air drops because they own a different token or they 646 00:34:37,840 --> 00:34:40,480 probably just have some old air drops that they don't want. 647 00:34:40,960 --> 00:34:45,880 So you can, you can connect with your wallet and it then brings 648 00:34:45,880 --> 00:34:50,120 up all the different the coins in your in your in your wallet 649 00:34:50,120 --> 00:34:56,520 if you Scroll down and then you can click all the different 650 00:34:56,520 --> 00:35:01,240 coins and it will convert all, all of them basically to epic. 651 00:35:01,240 --> 00:35:03,080 So this is particularly useful for like if you just want to 652 00:35:03,080 --> 00:35:05,760 clean up your risk, you, you have a bunch of coins which you 653 00:35:05,760 --> 00:35:09,680 don't really want to look at anymore, but you'd rather if you 654 00:35:09,680 --> 00:35:13,000 just click on all of click on LFG on on. 655 00:35:13,680 --> 00:35:18,640 Yeah, you want to keep W in LFG and that will just convert them 656 00:35:18,640 --> 00:35:23,480 if you hit the convert button and it will convert them via 657 00:35:23,560 --> 00:35:25,920 Jupiter. So this is actually a Jupiter 658 00:35:25,920 --> 00:35:28,880 swap. So like in terms of this isn't 659 00:35:28,880 --> 00:35:31,200 some native decks which someone can hack, but this is this is 660 00:35:31,360 --> 00:35:34,280 this is basically just calling a dupus contract and converting 661 00:35:34,280 --> 00:35:39,640 everything to epic. The we spoke. 662 00:35:39,640 --> 00:35:41,400 This has also been checked by phantom and blowfish. 663 00:35:41,400 --> 00:35:43,280 So you don't get any warning signs around it. 664 00:35:43,280 --> 00:35:46,480 If you connect with your phantom wallet, which I think the vast 665 00:35:46,480 --> 00:35:49,120 priority of people will, and this will mainly only work for 666 00:35:49,160 --> 00:35:52,120 coins with LP's. If it doesn't, then it will 667 00:35:52,120 --> 00:35:55,680 still, it might show you that it won't, the transaction won't go 668 00:35:55,680 --> 00:35:58,240 through, but it will basically go through for everything that 669 00:35:58,240 --> 00:36:01,000 has an LP. So if you have like 10 different 670 00:36:01,000 --> 00:36:03,800 tickets, you can go through. So if you just have micro 671 00:36:03,800 --> 00:36:06,920 transactions in your wallet, which most people do like you, 672 00:36:07,080 --> 00:36:09,680 if you just load this up, you'll realise you have a few different 673 00:36:09,680 --> 00:36:12,360 coins here that you didn't know you have because there's so many 674 00:36:12,360 --> 00:36:16,320 different air drops and it just allows you to clean up. 675 00:36:16,320 --> 00:36:18,640 So firstly you get to keep the upside. 676 00:36:18,640 --> 00:36:21,600 Epic Epic's a coin at what 15,000,000? 677 00:36:21,600 --> 00:36:24,040 So it's a coin that you know probably has the upside like 678 00:36:24,040 --> 00:36:26,800 several of these other smaller low cap coins. 679 00:36:27,640 --> 00:36:33,240 It's a, it's a tax loss harvest. So you can, you can tax loss 680 00:36:33,240 --> 00:36:35,840 harvest anything that you owned that obviously is down 681 00:36:35,840 --> 00:36:40,280 potentially and it can clean it all up in one transaction. 682 00:36:40,280 --> 00:36:43,400 So you basically simplify all your risk. 683 00:36:44,920 --> 00:36:49,880 So you can see we've had like 1269 buyers, but yesterday it 684 00:36:49,880 --> 00:36:52,480 was around 2000 buyers. So we're basically seeing is a 685 00:36:52,480 --> 00:36:54,440 ton of very, very small transactions coming in and 686 00:36:54,440 --> 00:36:56,640 buying Epic. Our number of holders is up 687 00:36:56,640 --> 00:37:00,560 about 300 in the last two days, which is decent. 688 00:37:00,960 --> 00:37:02,920 And then a bunch of bigger traders in the space have been 689 00:37:02,920 --> 00:37:06,480 like, well, this is great. You know, I can, I can clean up 690 00:37:06,680 --> 00:37:10,600 all the things that get sent me or, you know, if you're a pump 691 00:37:10,800 --> 00:37:13,920 active on pump dot fun, we can't connect it directly to Photon. 692 00:37:14,120 --> 00:37:16,560 So you have to you have to take the private key of your photon 693 00:37:16,560 --> 00:37:23,040 wallet and and then you can migrate it to to your phantom 694 00:37:23,040 --> 00:37:25,120 wallet and then you'll be able to do anything that you can do 695 00:37:25,120 --> 00:37:26,760 on photons. So if you're an active photon 696 00:37:26,760 --> 00:37:29,080 trader, that's probably the easiest way to do it. 697 00:37:30,000 --> 00:37:31,840 But yeah, it's just a very simple tool. 698 00:37:31,880 --> 00:37:34,640 And at this stage in the market, I think everyone's probably been 699 00:37:34,640 --> 00:37:39,200 meme coining for six months on pumped up fun and now you can 700 00:37:39,200 --> 00:37:42,280 just clean it all up and you have a coin which which 701 00:37:42,280 --> 00:37:43,960 hopefully has a bunch of upsides. 702 00:37:43,960 --> 00:37:46,480 So. Love it the the dev. 703 00:37:46,680 --> 00:37:52,160 The dev is is shipping here and I had no idea how many of these 704 00:37:52,160 --> 00:37:55,040 dust tokens I had in some of my wallets till I loaded this thing 705 00:37:55,040 --> 00:37:56,320 up. Like, yeah, I think I've got 706 00:37:56,320 --> 00:38:00,480 like legit like 30 to 50, right? Exactly trading wallets. 707 00:38:01,080 --> 00:38:06,120 And why not just convert them to a token that you might have a 708 00:38:06,120 --> 00:38:09,600 more conviction in like the like your epic duck. 709 00:38:10,440 --> 00:38:12,560 So a lot of these are like $1.00 transactions. 710 00:38:12,640 --> 00:38:15,920 Like it's not, it's not a huge amount, but it, you know, it, 711 00:38:16,680 --> 00:38:19,360 it's nice sometimes just to clean that all up and maybe you 712 00:38:19,360 --> 00:38:21,480 have 5050 bucks of Epic at the end of it. 713 00:38:21,480 --> 00:38:24,040 That's, that's a simple thing to manage. 714 00:38:24,880 --> 00:38:27,760 So, and I think if we're just going to keep on promoting this 715 00:38:27,760 --> 00:38:30,520 regularly. So for me, I think this is a bit 716 00:38:30,520 --> 00:38:34,280 of a game Ginger for us because, yeah, we, we've obviously been 717 00:38:34,280 --> 00:38:36,120 in the meme coin streets like all these other coins. 718 00:38:36,320 --> 00:38:39,800 But now if you have a just like a product which people can use 719 00:38:40,280 --> 00:38:45,680 and you're gaining 100A-150 holders a day and huge number of 720 00:38:46,000 --> 00:38:50,080 buys versus number of cells, I think this is the sort of thing 721 00:38:50,080 --> 00:38:54,600 that in one day might not be a huge mover, but over, you know, 722 00:38:54,600 --> 00:38:59,320 weeks can be a big thing. And this isn't, you know, this 723 00:38:59,320 --> 00:39:01,240 is, isn't the main thing of what we've been doing. 724 00:39:01,240 --> 00:39:03,280 We obviously post content all the time, but this is just the 725 00:39:03,280 --> 00:39:05,720 sort of tool that I think people can come back to quickly. 726 00:39:05,720 --> 00:39:09,720 And if they like the meme itself or they like the community XYZ 727 00:39:09,720 --> 00:39:12,160 then then it's a simple thing to do. 728 00:39:12,920 --> 00:39:15,760 Yeah, it's going to be consistent, steady user growth. 729 00:39:16,360 --> 00:39:20,360 Again, I agree. Like not not parabolic up, but 730 00:39:21,160 --> 00:39:22,400 slow over time. And why not? 731 00:39:23,040 --> 00:39:24,760 Why not? You basically get free duck 732 00:39:24,760 --> 00:39:28,080 coins, free epic just for converting your stuff to this 733 00:39:28,160 --> 00:39:29,600 effectively worthless. So. 734 00:39:29,680 --> 00:39:31,480 So check it out if you haven't already, folks. 735 00:39:31,480 --> 00:39:36,720 It's at epicconverter.com. I think that rounds out most of 736 00:39:36,720 --> 00:39:39,960 the topics I had on my list. So we had a few other headlines. 737 00:39:39,960 --> 00:39:44,960 So Marat Park returned after two years to complete his censored 738 00:39:44,960 --> 00:39:47,800 collection. I guess like what what jumped 739 00:39:47,800 --> 00:39:50,800 out to me the most on this one as I was wearing it up this 740 00:39:50,800 --> 00:39:56,000 morning is I just forgot how wild some of the sales in 2022 741 00:39:56,000 --> 00:39:59,600 were. He he had so this for this 742 00:39:59,600 --> 00:40:02,480 Assange collab. So he teamed up with Assange in 743 00:40:02,480 --> 00:40:06,240 February 2022 to launch a. Two-part collection a a one of 744 00:40:06,240 --> 00:40:10,440 one NFT called clock that had a timer of Assange's days behind 745 00:40:10,440 --> 00:40:13,080 bars and then an open edition called censored. 746 00:40:13,640 --> 00:40:17,720 The one-on-one clock sold for 16,593. 747 00:40:18,040 --> 00:40:21,160 It was $52,000,000 to the Assange Dow. 748 00:40:22,040 --> 00:40:25,200 And then this open edition, I, I don't know what the open edition 749 00:40:25,200 --> 00:40:27,960 minted for, but 30,000 were minted and that's the one that 750 00:40:27,960 --> 00:40:32,920 was updated here today. Pack Pack pulled away with with 751 00:40:32,920 --> 00:40:35,040 over $100 million out of all of this. 752 00:40:35,800 --> 00:40:41,760 He obviously had the lost poets was it and Mass, I forget what 753 00:40:41,760 --> 00:40:44,920 the name the whole name of that collection was, but yeah, that 754 00:40:45,160 --> 00:40:49,120 and then he had the the I think obviously these funds were gone, 755 00:40:49,200 --> 00:40:54,240 went to the Assange Foundation so or whatever Dow So like 756 00:40:54,240 --> 00:40:57,560 they've been used to help pay his legal fees. 757 00:40:57,880 --> 00:40:59,200 I think there's, there's actually been a bit of an 758 00:40:59,200 --> 00:41:03,280 inquiry into what she was done with those funds now that he's 759 00:41:03,320 --> 00:41:08,400 been released. But yeah, he's he's, he's done 760 00:41:08,400 --> 00:41:12,360 well for himself. He certainly has better than his 761 00:41:12,360 --> 00:41:17,760 censored NFT holders had saw the forwards at like point OO1 762 00:41:18,200 --> 00:41:20,320 either as as well as most of of the rest. 763 00:41:20,320 --> 00:41:22,400 So when you when you saw the replies to anyone who was 764 00:41:22,400 --> 00:41:25,920 talking about this yesterday, it was just wanted with like POC as 765 00:41:25,920 --> 00:41:28,280 a scammer, a grifter. What's he what's he scamming 766 00:41:28,280 --> 00:41:29,680 these days? So I'm, I'm not sure if we'll 767 00:41:29,680 --> 00:41:33,600 see another launch, but he did. I mean, he came back, he 768 00:41:33,600 --> 00:41:35,640 fulfilled the the rest of this project. 769 00:41:36,480 --> 00:41:39,760 So if you, if you meant it sensor, go go refresh your, your 770 00:41:39,760 --> 00:41:41,960 metadata. You you've got you've got an 771 00:41:41,960 --> 00:41:46,320 updated NFT on your hands. The thing is, I actually liked 772 00:41:46,320 --> 00:41:48,800 his projects. Like I always felt that he was a 773 00:41:48,800 --> 00:41:51,440 bit of a performance artist. Like he always had something 774 00:41:51,440 --> 00:41:54,360 cool he was trying to do. Sometimes the performances 775 00:41:54,800 --> 00:41:59,520 failed, but I did think he knew how to do Web Three well in that 776 00:42:01,200 --> 00:42:03,720 I don't want to like disparage other artist, but it was like 777 00:42:03,920 --> 00:42:07,960 it's similar, I would say to even OSF how he does some of his 778 00:42:07,960 --> 00:42:10,000 pieces or how Jack Butcher's done some of his pieces. 779 00:42:10,000 --> 00:42:13,960 He knows that a lot of this is about the event of the mint and 780 00:42:13,960 --> 00:42:17,040 the experience, but he just made way too much money in the 781 00:42:17,040 --> 00:42:20,040 process and probably just oversold, oversold what he sold. 782 00:42:20,040 --> 00:42:23,320 But I always felt like he he actually was pretty good. 783 00:42:23,320 --> 00:42:25,480 I I thought some of his concepts were quite cool. 784 00:42:26,320 --> 00:42:30,240 Yeah, he, he was early. He he had the, the whale 785 00:42:30,240 --> 00:42:33,360 collectors with them and aligned from the beginning. 786 00:42:33,360 --> 00:42:35,320 I'm just scrolling through some of this one O 1 pieces. 787 00:42:35,320 --> 00:42:38,800 I mean, these, they all sold for like 30 to 80 ETH, which 788 00:42:38,800 --> 00:42:41,120 granted, at the time I think he was minting these ETH was 789 00:42:41,160 --> 00:42:45,360 significantly cheaper, but but now everyone was anchored in 790 00:42:45,360 --> 00:42:49,760 those terms and was able to effectively keep those prices 791 00:42:49,760 --> 00:42:53,120 up. And then it was the larger 792 00:42:53,120 --> 00:42:55,640 addition. I think Merge is what really set 793 00:42:55,640 --> 00:42:57,960 people off 'cause I think he, he, I forget the term, how much 794 00:42:57,960 --> 00:42:59,680 he raised on Merge, but it was a lot. 795 00:43:00,640 --> 00:43:02,480 And then there wasn't a whole lot you can do with it. 796 00:43:02,480 --> 00:43:04,520 So I think folks got a little upset. 797 00:43:04,880 --> 00:43:06,200 I think that was the last one he did. 798 00:43:06,800 --> 00:43:09,840 I don't recall exactly, but yeah. 799 00:43:11,520 --> 00:43:17,480 Maybe the final, final one that was like AI think like a kick in 800 00:43:17,480 --> 00:43:20,360 the teeth at the end. But I like I first knew about 801 00:43:20,360 --> 00:43:22,840 pack when I first came into the space for January 2021 and I 802 00:43:22,840 --> 00:43:25,240 remember his one of one pieces. I actually felt like he was the 803 00:43:25,240 --> 00:43:30,480 sort of person that could bridge traditional art and and NFT art 804 00:43:30,480 --> 00:43:33,080 because he was the sort of person that you can imagine in 805 00:43:33,080 --> 00:43:35,760 the gallery really liking. Like his concepts were 806 00:43:35,760 --> 00:43:38,600 interesting and his pieces were thoughtful. 807 00:43:38,600 --> 00:43:41,880 I always felt, or at least thought provoke provoking. 808 00:43:41,920 --> 00:43:47,840 So, yeah, it's, it's it's a shame in that, you know, he's 809 00:43:47,840 --> 00:43:49,920 not, he doesn't really do anything in this space anymore. 810 00:43:50,200 --> 00:43:54,680 But obviously he just, he just made way too much money and the 811 00:43:54,680 --> 00:43:56,240 performance has never really hit. 812 00:43:56,680 --> 00:43:59,200 I think what people were hoping that then too. 813 00:44:00,920 --> 00:44:04,160 I think that summarizes it. The only other headline was from 814 00:44:04,160 --> 00:44:06,920 NBA Top Shot. Did you did you ever do any of 815 00:44:06,920 --> 00:44:08,760 the Top Shot action when it was hot? 816 00:44:10,640 --> 00:44:12,840 No, no. Yeah, no, I did. 817 00:44:12,840 --> 00:44:15,640 I never did a lot. Most people when I came in, came 818 00:44:15,640 --> 00:44:17,840 in through Topshop. I came in through super rare. 819 00:44:17,840 --> 00:44:19,160 So no. Got it. 820 00:44:20,400 --> 00:44:23,880 Yeah, it was a huge onboarding arm to just broader entities 821 00:44:23,880 --> 00:44:27,200 into Ethereum entities. The the headline here is we've 822 00:44:27,200 --> 00:44:31,600 known there was this lawsuit and settlement of basically 823 00:44:31,600 --> 00:44:33,640 confirming that moments were securities. 824 00:44:33,640 --> 00:44:35,720 It was tied to how the flow token was held. 825 00:44:36,360 --> 00:44:39,040 Dapp Dapper has settled. They're, they're still working 826 00:44:39,040 --> 00:44:42,400 through the terms. There's talks that users who 827 00:44:42,400 --> 00:44:45,120 held moments during this time period are going to get $0.12 828 00:44:45,200 --> 00:44:47,800 per moment. But the, the bigger headline is 829 00:44:48,000 --> 00:44:50,840 some users are fighting back and saying do not accept this 830 00:44:50,840 --> 00:44:52,000 settlement. We want more. 831 00:44:52,000 --> 00:44:55,600 So there's a CTO actually complex against the settlement 832 00:44:55,960 --> 00:44:57,600 right now. They're saying don't sign the 833 00:44:57,600 --> 00:45:00,000 forms. We want more for our moments. 834 00:45:00,760 --> 00:45:03,280 It's probably not going to be a huge windfall for most, but I 835 00:45:03,280 --> 00:45:06,480 saw like Andy 8O52 tweeting out that he had 10,000 moments. 836 00:45:06,640 --> 00:45:10,680 So if that number goes up, it might actually be a windfall for 837 00:45:10,680 --> 00:45:13,120 for some folks. So, so look out for that CTO. 838 00:45:14,320 --> 00:45:17,520 But I think that's it that that's a rundown of the 839 00:45:17,520 --> 00:45:20,160 headlines end up being a busier morning than we thought. 840 00:45:20,160 --> 00:45:23,000 We'll see what happens today. We'll see if there's any more 841 00:45:23,000 --> 00:45:25,560 Solana fireworks. We've got the debates tonight. 842 00:45:25,560 --> 00:45:27,840 I'm sure we'll be recapping some of that action tomorrow. 843 00:45:28,160 --> 00:45:32,560 Baroque is back with us tomorrow, I believe, so we'll 844 00:45:32,560 --> 00:45:36,000 hear about his vacation. But folks, enjoy your Thursday, 845 00:45:36,240 --> 00:45:38,160 Have a good one, enjoy the day and we will talk to you 846 00:45:38,160 --> 00:45:38,480 tomorrow.