1 00:00:00,040 --> 00:00:02,880 Yo-yo, yo-yo, yo. What up? 2 00:00:02,880 --> 00:00:03,760 What up? Good morning. 3 00:00:03,760 --> 00:00:08,240 Good morning, MGM. When? 4 00:00:09,840 --> 00:00:14,840 Yeah, Wednesday, Wednesday, January 37th, 2025. 5 00:00:15,280 --> 00:00:17,360 Look at that. Another beautiful day to have a 6 00:00:17,360 --> 00:00:20,280 beautiful day. I got my Co host in the house, 7 00:00:20,680 --> 00:00:22,040 Tyler Mando. Good morning boys. 8 00:00:22,040 --> 00:00:25,520 How are you doing today? Doing fantastic man, how are 9 00:00:25,520 --> 00:00:26,960 you? I like it. 10 00:00:26,960 --> 00:00:28,400 I like it when you're doing fantastic. 11 00:00:28,480 --> 00:00:29,560 I like it. I like it. 12 00:00:29,560 --> 00:00:32,520 Tyler, how you doing? I'm good. 13 00:00:32,800 --> 00:00:36,040 Price action might be a little boring and choppy this week, but 14 00:00:36,040 --> 00:00:40,440 the news cycle is is just accelerating by the day right 15 00:00:40,480 --> 00:00:43,480 now, like the dozens of headlines yesterday. 16 00:00:43,960 --> 00:00:49,040 Yeah, it's definitely non-stop. It's definitely headlines 17 00:00:49,040 --> 00:00:51,560 galore. We have a lot to talk about as 18 00:00:51,560 --> 00:00:53,680 our coins are racing to fill the Wick on the downwards. 19 00:00:54,280 --> 00:00:58,800 So anyway, sit on the show, just kidding, it's Thursday, tomorrow 20 00:00:58,800 --> 00:01:03,240 will be fine until Sunday. So today on the show today, 21 00:01:03,240 --> 00:01:05,960 today market report as usual. So let's go through the market. 22 00:01:06,400 --> 00:01:09,880 We got Tyler's top 1000 lot of headlines like Tyler said. 23 00:01:09,960 --> 00:01:11,680 Actually yesterday was again like the headline galore. 24 00:01:11,680 --> 00:01:14,600 Like it was really wild two days in a row non-stop. 25 00:01:14,600 --> 00:01:20,280 So this is good, sorry. And then we got a Robit loot 26 00:01:20,280 --> 00:01:21,560 box. Do we have a guest in there? 27 00:01:21,560 --> 00:01:22,840 We don't have a guest today. Perfect. 28 00:01:23,400 --> 00:01:25,760 So no guest today. So robit loot box plans. 29 00:01:25,760 --> 00:01:28,240 Let's see if some man, we got to get out of this like red guy 30 00:01:28,240 --> 00:01:29,240 winning. Look, I love wrecked. 31 00:01:29,280 --> 00:01:32,080 I love red guy, you know, I love all that, but we got it. 32 00:01:32,240 --> 00:01:34,440 I want to hit, man. I want to fucking hit. 33 00:01:34,440 --> 00:01:36,720 Speaking of which, the code is pain, Pain. 34 00:01:36,920 --> 00:01:40,200 Pain means bread in French, by the way, just in case you didn't 35 00:01:40,960 --> 00:01:43,040 know. So the code is pain or punk, 36 00:01:43,040 --> 00:01:45,800 depending where you're from today, raffle bought that XYZ. 37 00:01:45,800 --> 00:01:48,560 Enter enter enter, enter if you want to win a crypto punk. 38 00:01:48,560 --> 00:01:50,400 Today, punks are flying, flying off the shelves. 39 00:01:50,400 --> 00:01:52,760 And then last but not least, this show is powered by who's 40 00:01:52,760 --> 00:01:54,480 the powered by It's powered by galaxies. 41 00:01:54,480 --> 00:01:57,200 Galaxies is the Web 3 platform empowering creators and brands 42 00:01:57,200 --> 00:01:59,520 to build unstoppable communities with full ownership and 43 00:01:59,520 --> 00:02:02,360 independence, trusted by icons like Donald Trump, Steve Aokey, 44 00:02:02,360 --> 00:02:05,600 Mike Tyson and the NBA, shaping together the future of 45 00:02:05,640 --> 00:02:10,120 engagement but also fairside. Everyday we see people's wallets 46 00:02:10,120 --> 00:02:11,920 get drained. Fair Side is about to launch the 47 00:02:11,920 --> 00:02:14,640 fair alternative to insurance for crypto scams. 48 00:02:14,920 --> 00:02:17,520 Check out Fair Side Network on X. 49 00:02:17,920 --> 00:02:21,800 If you get drained, you won't get wrecked, Mando. 50 00:02:35,240 --> 00:02:39,480 GM everyone. So it just kind of a sideways 51 00:02:39,480 --> 00:02:40,600 day. I think people are starting to 52 00:02:40,600 --> 00:02:43,360 get a little bit frustrated out there because I think people 53 00:02:43,360 --> 00:02:48,120 were hoping for AV shaped recovery and you know, we just 54 00:02:48,120 --> 00:02:49,520 didn't get that. I think there's quite a lot of 55 00:02:49,520 --> 00:02:51,280 pain that people have felt over the weekend. 56 00:02:51,280 --> 00:02:53,680 People were hoping that would all just be reversed and and 57 00:02:53,680 --> 00:02:56,120 we're kind of we're not back to the lows by any sense, but like 58 00:02:56,120 --> 00:02:59,080 a lot of the the gains maybe have been erased. 59 00:02:59,760 --> 00:03:02,280 I'm thinking of projects like ARC, for example, back down to 60 00:03:02,280 --> 00:03:08,440 like 230 AI 16 Z kind of hit another low or at least didn't 61 00:03:08,440 --> 00:03:11,680 go high yesterday. A bunch of the memes are kind of 62 00:03:11,680 --> 00:03:16,120 back down far going back down to 650. 63 00:03:16,240 --> 00:03:19,480 You know what I mean? Like it's we're not at the lows 64 00:03:19,480 --> 00:03:23,640 of the weekend, but we're probably up about more like 20% 65 00:03:24,360 --> 00:03:29,880 rather than being up like 50%. So yeah, a little bit of wind 66 00:03:29,880 --> 00:03:32,760 taking out the sales of the market here in terms of like 67 00:03:33,840 --> 00:03:37,360 headlines around crypto. We, we had the David Sacks press 68 00:03:37,360 --> 00:03:40,680 commerce yesterday, which is, I mean, more performative than 69 00:03:40,680 --> 00:03:42,560 anything substantive. I think the same. 70 00:03:42,560 --> 00:03:44,160 This is going to be a golden age of crypto. 71 00:03:44,160 --> 00:03:49,480 They're going to move towards a, a Bitcoin reserve policy, which 72 00:03:49,480 --> 00:03:53,200 they're looking at explicitly. It seems to say that like the, 73 00:03:53,200 --> 00:03:56,520 the sovereign wealth fund is like slightly separate to the 74 00:03:56,520 --> 00:04:00,800 Bitcoin reserve policy. So I don't know, maybe there is 75 00:04:00,800 --> 00:04:05,480 going to be separate legislation or separate recommendations 76 00:04:05,480 --> 00:04:07,640 about how to form a Bitcoin reserve. 77 00:04:08,440 --> 00:04:12,200 But yeah, he, he, he basically slightly distance crypto from 78 00:04:12,200 --> 00:04:14,240 that sovereign wealth fund, which was slightly interesting 79 00:04:14,240 --> 00:04:18,720 given what Loomis said. And we did see the introduction 80 00:04:18,720 --> 00:04:23,520 of a stable coin bill in the US, which has been largely expected. 81 00:04:23,520 --> 00:04:25,480 I think everyone's been expecting the stable coin bill. 82 00:04:25,480 --> 00:04:27,440 And to be honest, we're expecting it most of last year 83 00:04:28,280 --> 00:04:31,480 and it never really came. But it's good to see that now 84 00:04:31,480 --> 00:04:33,760 finally come. I mean, we are definitely 85 00:04:33,760 --> 00:04:38,240 heading towards regulation around Defy and around stable 86 00:04:38,240 --> 00:04:40,600 coins here. Interestingly, Santa Loom, 87 00:04:40,880 --> 00:04:43,800 sorry, Hester Pierce, who's now running this crypto task force 88 00:04:43,800 --> 00:04:46,200 at the SEC. There are a few things from the 89 00:04:46,200 --> 00:04:48,720 SEC actually yesterday, she came out yesterday, yesterday and 90 00:04:48,720 --> 00:04:52,440 basically said, look, you do you, you know, if you want to 91 00:04:52,440 --> 00:04:55,560 buy vapour Ware, you can buy vapour Ware. 92 00:04:55,560 --> 00:04:58,640 We're not going to project you. And then the second thing 93 00:04:59,560 --> 00:05:02,280 basically came out as a headline, which we've been said 94 00:05:02,280 --> 00:05:07,120 the day before was the SE CS basically power to start new 95 00:05:08,160 --> 00:05:11,000 investigations had been curtailed and that they were 96 00:05:11,000 --> 00:05:13,240 downsizing the crypto investigations team. 97 00:05:13,240 --> 00:05:16,440 So we're heading for full crime season, it does feel like at the 98 00:05:16,440 --> 00:05:18,360 moment. Gloves are off. 99 00:05:18,960 --> 00:05:21,760 Gloves are definitely off dude. If you are involved in crime and 100 00:05:21,760 --> 00:05:24,440 crypto, you've you've got a, a golden age here. 101 00:05:24,800 --> 00:05:27,920 SE CS basically saying like we're not going to reject 102 00:05:28,680 --> 00:05:31,560 customers here. They'll they'll protect people 103 00:05:32,800 --> 00:05:35,560 on the exchange side and the stable coin side. 104 00:05:36,200 --> 00:05:38,560 But when it comes to. Coins. 105 00:05:39,000 --> 00:05:41,720 Yeah coins, which is to be honest, it's like a stated goal 106 00:05:41,720 --> 00:05:45,360 of a lot of of these financial regulators is like provide some 107 00:05:45,360 --> 00:05:50,240 level of consumer protection and and, and that's how you get 108 00:05:50,240 --> 00:05:53,600 policies like professional investors are only able to 109 00:05:53,600 --> 00:05:55,640 invest in certain types of stocks. 110 00:05:55,640 --> 00:05:59,880 You know like that is often the stated stated goal of financial 111 00:05:59,880 --> 00:06:01,720 regulators. It feels as though they're 112 00:06:01,720 --> 00:06:05,760 basically saying for crypto we can't regulate 10,000 coins a 113 00:06:05,760 --> 00:06:08,040 day. No, if you want to be involved 114 00:06:08,040 --> 00:06:10,040 in this, that's fine. We're. 115 00:06:10,040 --> 00:06:11,320 Going to. I mean, it's impossible to 116 00:06:11,320 --> 00:06:13,600 regulate 10,000 coins a day. Right. 117 00:06:13,600 --> 00:06:16,000 So that they basically said we're probably going to bring in 118 00:06:16,000 --> 00:06:20,080 regulation around how the exchanges act and around around 119 00:06:20,080 --> 00:06:22,800 stable coins, but everything else is kind of Fair game. 120 00:06:22,800 --> 00:06:26,080 So we are, we are really entering crime season in my 121 00:06:26,080 --> 00:06:29,640 opinion here, which is, which is, which is very interesting. 122 00:06:30,360 --> 00:06:34,000 ETH slightly outperforming interestingly over the last 24 123 00:06:34,000 --> 00:06:37,400 hours continuing on the back of that Eric Trump tweet. 124 00:06:37,400 --> 00:06:41,880 But you know, it's ETC still comfortably below nought point 125 00:06:41,880 --> 00:06:45,960 nought 3 at the moment. And hyper liquid is probably in 126 00:06:46,000 --> 00:06:48,680 the the biggest performer in in L ones. 127 00:06:48,680 --> 00:06:50,760 I don't think we need to go through that again. 128 00:06:50,760 --> 00:06:53,880 But yeah, that's that's back up to around 27. 129 00:06:53,880 --> 00:06:57,400 So that's been the strongest, the strongest of the coins. 130 00:06:58,440 --> 00:07:01,680 Other than that, I, I would say the majority of the of the rest 131 00:07:01,680 --> 00:07:06,320 of the market is, is lower apart from maybe Trump, which is is is 132 00:07:06,320 --> 00:07:11,520 trying to reclaim 20. It looks like in terms of macro, 133 00:07:11,520 --> 00:07:13,560 yesterday was a bit of a bounce back. 134 00:07:15,200 --> 00:07:19,520 People basically getting more bullish on on the trade wars 135 00:07:19,520 --> 00:07:23,720 being less, less punitive than initially thought. 136 00:07:23,760 --> 00:07:27,280 Although there are some weaker tech tech earnings yesterday 137 00:07:28,080 --> 00:07:32,920 from Alphabet and, and there was a there was a probe into Apple. 138 00:07:32,920 --> 00:07:37,560 So I think the stock market is slightly lower today, but the 139 00:07:37,600 --> 00:07:40,360 one thing to pay attention to maybe here is that gold keeps on 140 00:07:40,360 --> 00:07:42,880 hitting an all time high. Gold hit 2900 yesterday. 141 00:07:43,080 --> 00:07:46,880 Wow. So that is that is very, very 142 00:07:46,880 --> 00:07:48,440 strong at the. Moment What's the market cap of 143 00:07:48,440 --> 00:07:51,280 gold? You know, I don't know, but it's 144 00:07:51,280 --> 00:07:52,960 in the 10, just over 10 trillion. 145 00:07:53,720 --> 00:07:58,200 It's ninety 19.4 trillion. Yeah, that maybe makes sense. 146 00:07:58,200 --> 00:08:01,080 Yeah, something around that. Yeah, it's 19.461 trillion. 147 00:08:01,400 --> 00:08:04,360 Yeah, wow, wow. We have a long way to go, lads. 148 00:08:05,240 --> 00:08:09,440 What's the market cap of big of all crypto? 149 00:08:09,440 --> 00:08:11,160 But but what if what Just Bitcoin? 150 00:08:12,760 --> 00:08:14,760 It's difficult to say, but right because I. 151 00:08:15,760 --> 00:08:20,000 Mean no bitcoins 1.9 trill. No, but the reason why people 152 00:08:20,000 --> 00:08:25,680 people get like unsure about gold is for example Uganda and 153 00:08:26,240 --> 00:08:33,360 has reportedly found $13 trillion of gold underground and 154 00:08:33,360 --> 00:08:34,880 that was found like in the last few years. 155 00:08:34,880 --> 00:08:38,799 So like it's it's a semi finite resource to a certain extent 156 00:08:38,799 --> 00:08:40,600 like. I mean, that's the bullish case 157 00:08:40,600 --> 00:08:44,640 for Bitcoin, right? Yeah, I don't know if you get, I 158 00:08:44,640 --> 00:08:46,640 mean, I don't know if Uganda is going to be able to get it's $13 159 00:08:46,640 --> 00:08:49,200 trillion of gold, but but it does have. 160 00:08:50,640 --> 00:08:52,520 Then Salvador also find gold or some shit. 161 00:08:52,920 --> 00:08:54,760 Essentially tabbing because they should get a bit more smart 162 00:08:54,760 --> 00:08:58,240 about this. Uganda gold. 163 00:09:00,120 --> 00:09:04,560 Yeah, Yahoo Finance. In July, the Ugandan government 164 00:09:04,560 --> 00:09:07,760 said exploration service in the country revealed vast amounts of 165 00:09:07,760 --> 00:09:11,800 gold deposits, around 31 million tons of the behemoth fined 166 00:09:11,800 --> 00:09:15,560 around 320,000 metric tons of refined gold with an approximate 167 00:09:15,560 --> 00:09:21,240 value of 12.8 trillion. So I don't know how easy that is 168 00:09:21,240 --> 00:09:24,600 that is to get. Obviously that's like an insane 169 00:09:24,600 --> 00:09:27,000 amount of gold. But it is worthless bro. 170 00:09:27,760 --> 00:09:32,720 So like to say that there's $19 trillion of gold like there 171 00:09:32,720 --> 00:09:37,000 actually could be more like 50. It is definitely a semi finite. 172 00:09:37,000 --> 00:09:38,680 Result. As you get closer to the Earth 173 00:09:38,680 --> 00:09:42,080 core, there's there's decent deposits and, and under a a lot 174 00:09:42,080 --> 00:09:47,320 of different countries there is, there's very, very deep, deep 175 00:09:47,600 --> 00:09:55,200 gold reserves. Yeah, it's it's it's definitely 176 00:09:55,200 --> 00:09:58,000 interesting. It looks like there's a lot of 177 00:09:58,000 --> 00:09:59,120 gold for everyone. All right, well, look, 178 00:10:00,080 --> 00:10:02,400 everyone's. Thinking about going to Uganda 179 00:10:02,400 --> 00:10:07,200 right now, right? Dude, isn't that where the the 180 00:10:07,280 --> 00:10:10,600 interviewer is from? Yeah, we can get him on the 181 00:10:10,640 --> 00:10:12,240 show. Uganda. 182 00:10:12,640 --> 00:10:13,400 Oh yeah, yeah. Idiot. 183 00:10:13,400 --> 00:10:16,240 Yeah, yeah, yeah. Well, what's his name again? 184 00:10:16,640 --> 00:10:19,520 What was the #10 trillion? 13 trillion. 185 00:10:20,080 --> 00:10:23,600 That's enough to make Uganda like effectively as wealthy as 186 00:10:23,600 --> 00:10:26,320 India and like they're this that would make them like the 8th. 187 00:10:26,400 --> 00:10:30,720 What in the GDP sense? Right, but GDP is annual. 188 00:10:33,400 --> 00:10:36,080 I think they would. I don't know what they would do 189 00:10:36,080 --> 00:10:38,200 like this. This. 190 00:10:38,200 --> 00:10:40,160 This was discovered a few years ago. 191 00:10:43,840 --> 00:10:48,000 The Gaga mine and refinery is granted a Freeport. 192 00:10:49,160 --> 00:10:51,960 So basically it's 0 tax and it seems like they're partnering 193 00:10:51,960 --> 00:10:56,600 with someone in China. The Chinese are are are pretty 194 00:10:56,600 --> 00:10:59,240 heavily invested in in in in Africa. 195 00:11:00,000 --> 00:11:02,600 There's a lot of talk about gold, like gold is also also 196 00:11:02,600 --> 00:11:04,840 often found on deposits, right? So there's been a lot of talk 197 00:11:04,840 --> 00:11:10,640 about the like, SpaceX could be used to land rockets on 198 00:11:10,640 --> 00:11:16,560 asteroids or potentially and mine rare metals. 199 00:11:16,640 --> 00:11:21,160 On it's true in space. Gold is not just a. 200 00:11:22,640 --> 00:11:24,760 Gold is literally a shit coin right? 201 00:11:24,920 --> 00:11:27,120 Like it's literally a shit coin like dead ass. 202 00:11:27,520 --> 00:11:29,680 Like I'm sorry like everything you're talking about. 203 00:11:29,680 --> 00:11:33,160 Like it's literally a shit coin with infinite fucking like it's 204 00:11:33,160 --> 00:11:35,120 like just another one of planets like. 205 00:11:37,120 --> 00:11:39,520 Gold is a shit coin. Gold is a shit coin. 206 00:11:39,520 --> 00:11:41,360 Clip that. It's an infinite time horizon, 207 00:11:41,360 --> 00:11:43,080 yes. With infinite time horizon like 208 00:11:43,360 --> 00:11:44,720 gold is like you know what gold is. 209 00:11:44,720 --> 00:11:46,800 Gold is like you know. If gold was on dex cleaner it 210 00:11:46,800 --> 00:11:48,400 would say this token is mintable. 211 00:11:48,720 --> 00:11:50,160 Yeah, this token is definitely mint. 212 00:11:50,240 --> 00:11:51,240 That's basically what I'm saying. 213 00:11:51,240 --> 00:11:53,080 I don't know what the market cap of gold is, but. 214 00:11:53,200 --> 00:11:56,080 Dev Dev is constantly. I think it's much higher. 215 00:11:56,320 --> 00:11:59,600 Dev is planet Earth and it's constantly fucking mining. 216 00:11:59,600 --> 00:12:01,920 You're minting new gold bricks. You know, gold, I guess. 217 00:12:02,600 --> 00:12:05,880 The Bitcoin is going to have to be mintable at some point. 218 00:12:05,960 --> 00:12:09,040 Good question, Tyler. Yeah, the very. 219 00:12:09,040 --> 00:12:09,840 Good question, Tyler. The. 220 00:12:09,840 --> 00:12:12,240 Men pool is is is empty at the moment. 221 00:12:12,320 --> 00:12:14,880 Because I mean, if you guys are. Because you, you guys are 222 00:12:14,880 --> 00:12:17,600 trading like one rune a day. Yeah, yeah. 223 00:12:17,840 --> 00:12:22,000 Yeah, trade. I as a as a big runes trader, I 224 00:12:22,000 --> 00:12:25,640 can say this is true. I mean, if you ask Drake Justin, 225 00:12:26,480 --> 00:12:28,680 you know, he says that the Bitcoin blockchain is cooked. 226 00:12:29,360 --> 00:12:31,680 So Speaking of Bitcoin and if I saw that headline, I thought it 227 00:12:31,680 --> 00:12:35,000 was funny from the guy who on the Ethereum side did you guys 228 00:12:35,000 --> 00:12:37,080 see what he said? Drake Justin, you know Drake 229 00:12:37,080 --> 00:12:40,880 Justin, right? The researcher, he said in my 230 00:12:40,960 --> 00:12:42,560 own the Bitcoin boxing is cooked. 231 00:12:42,560 --> 00:12:45,200 It takes roughly $10 billion in access to 10 gigawatts to 232 00:12:45,200 --> 00:12:48,400 permanently 51% attack Bitcoin. The cost is peanuts for nation 233 00:12:48,400 --> 00:12:49,880 states. As for the power of Texas, 234 00:12:49,880 --> 00:12:52,840 single state of single of a single country can produce 80 235 00:12:52,840 --> 00:12:55,560 gigawatts. Right. 236 00:12:55,600 --> 00:13:01,160 But then he you need to touch a 51% attack requires you to 237 00:13:01,320 --> 00:13:04,120 actually control 51%. It's not just, it's not, it's 238 00:13:04,120 --> 00:13:08,400 not just an energy calculation. Gold is a shit coin and the 239 00:13:08,400 --> 00:13:11,880 token is mintable. But I but there is a there is a 240 00:13:12,640 --> 00:13:15,920 a non zero chance, right. And let's run this through 241 00:13:17,000 --> 00:13:21,480 Bitcoin supply will run out. Miners validate the network at 242 00:13:21,480 --> 00:13:24,920 the moment. How who if there's no more 243 00:13:24,920 --> 00:13:26,760 Bitcoin, there's no more rewards. 244 00:13:27,720 --> 00:13:33,800 How do you incentivize people to do that Now previously there was 245 00:13:33,800 --> 00:13:37,640 a hope that fees would increase naturally, and that's what like 246 00:13:37,640 --> 00:13:40,560 people getting so bullish about ordinals and ruins about. 247 00:13:40,560 --> 00:13:44,760 But that is still now like an undefined question of like the 248 00:13:44,760 --> 00:13:51,360 long term security of Bitcoin potentially relies on like some 249 00:13:51,360 --> 00:13:54,960 form of ongoing reward to people that are are going to validate 250 00:13:54,960 --> 00:13:57,520 the the network. There's been some talk about 251 00:13:57,520 --> 00:14:03,040 like maybe AI comes in and like does this, but like, I don't 252 00:14:03,040 --> 00:14:04,160 know. I don't know. 253 00:14:06,000 --> 00:14:10,360 Yeah, yeah. All right, we'll tell you our 254 00:14:10,360 --> 00:14:14,640 gold and straight coin. Tyler, Tyler, I'm never going to 255 00:14:14,640 --> 00:14:16,360 reiterate the markets. It's just chopping, dude. 256 00:14:16,400 --> 00:14:28,680 So analysis. All right. 257 00:14:28,680 --> 00:14:32,160 Today we'll start with David Sacks introducing the golden age 258 00:14:32,240 --> 00:14:35,520 of digital assets as the Crypto Working Group officially 259 00:14:35,520 --> 00:14:37,320 launched. In a press conference yesterday, 260 00:14:37,560 --> 00:14:41,480 we also had Hester Pierce laying out her vision for her SEC 261 00:14:41,480 --> 00:14:45,680 crypto Task force already reducing enforcement actions and 262 00:14:45,680 --> 00:14:47,800 staff. In other news, we had bear chain 263 00:14:47,800 --> 00:14:52,000 announcing its mainnet in TGE. We've got mega ETH sharing plans 264 00:14:52,000 --> 00:14:56,360 for a mega entertainment 10,000 entities, one ETH apiece. 265 00:14:56,400 --> 00:14:59,160 I'm sure we'll get into that here in a minute. 266 00:15:00,040 --> 00:15:03,280 Decent amount of Bitcoin news. So in Ohio, senator introduced a 267 00:15:03,280 --> 00:15:05,200 Bitcoin reserve bill. They're the latest state. 268 00:15:05,480 --> 00:15:09,200 Meanwhile, South Dakota Rep said they are the the likely first 269 00:15:09,480 --> 00:15:12,640 state to pass a Bitcoin reserve due to their short having the 270 00:15:12,640 --> 00:15:16,080 shortest legislative process. So many look out for South 271 00:15:16,080 --> 00:15:18,600 Dakota. We saw Hong Kong legislators say 272 00:15:18,600 --> 00:15:20,920 that Hong Kong needs to accelerate evaluation of their 273 00:15:20,920 --> 00:15:24,360 own Bitcoin Reserve. So something to watch there. 274 00:15:24,360 --> 00:15:29,000 A Peter Thiel backed bullish Global Fund is considering IPO 275 00:15:29,000 --> 00:15:33,040 for its crypto exchange, and we saw the XRP Ledger go offline 276 00:15:33,040 --> 00:15:35,080 for about one hour. Oh shit. 277 00:15:36,200 --> 00:15:39,960 In Token Protocol, AirDrop News Abstract released their their 278 00:15:39,960 --> 00:15:42,640 first week of of experience points, so go check those out if 279 00:15:42,640 --> 00:15:46,200 you haven't already. Helium Mobile MERT folks may 280 00:15:46,200 --> 00:15:50,160 know MERT they launched their first free phone plan for crypto 281 00:15:50,200 --> 00:15:55,960 users using code Helium CEO. So go check that out and AI, 282 00:15:56,080 --> 00:15:58,640 it's kind of chopping like everything else, down 5%, not a 283 00:15:58,640 --> 00:16:01,680 whole lot of big headlines yesterday, Hollow world, the Ava 284 00:16:01,680 --> 00:16:04,120 team, they announced that pudgy Penguins could be powered to 285 00:16:04,120 --> 00:16:08,240 life and effectively turned into agents via their platform story 286 00:16:08,240 --> 00:16:11,000 protocol introduced a new peer-to-peer IP system with AI 287 00:16:11,000 --> 00:16:14,520 integration. Then Eigenlight also introduced 288 00:16:14,640 --> 00:16:16,880 verifiable agents in a new AI framework. 289 00:16:16,880 --> 00:16:20,760 So it's definitely spreading in memes and NFTS. 290 00:16:20,760 --> 00:16:25,880 This SSC tokens tied to kind of like a a social layer data for 291 00:16:25,880 --> 00:16:28,960 social layers on Solana that was the runner of the night reached 292 00:16:28,960 --> 00:16:31,640 $40 million in market cap 100 million in volume. 293 00:16:31,880 --> 00:16:35,360 We saw this Calico Calquan meme reached 10 million. 294 00:16:35,360 --> 00:16:38,200 And then Enron, I'm sure we'll get into Enron, Enron. 295 00:16:38,360 --> 00:16:40,520 Was more of a fucking run. Disaster. 296 00:16:40,800 --> 00:16:42,600 I forgot about it, fuck. You. 297 00:16:43,280 --> 00:16:47,960 God damn it. But a couple NT headlines, we 298 00:16:47,960 --> 00:16:52,640 talked about Mega ETH Beeple introduced Human 1 Chapter 5, 299 00:16:53,040 --> 00:16:57,600 like the latest iteration of his big digital sculpture, it comes 300 00:16:57,600 --> 00:17:00,040 with a hidden seed phrase. So if you're able to figure out 301 00:17:00,040 --> 00:17:02,680 that seed phrase, there's a couple NT's you can unlock. 302 00:17:02,680 --> 00:17:04,480 I don't think they've been unlocked yet. 303 00:17:04,839 --> 00:17:09,200 And then punks. Punks just continue to move at a 304 00:17:09,200 --> 00:17:12,040 relatively slow pace. But some some really nice punks 305 00:17:12,480 --> 00:17:16,280 sold yesterday, and it feels like the more aesthetic ones are 306 00:17:16,280 --> 00:17:20,000 just kind of slipping. Slipping away by the week here. 307 00:17:20,440 --> 00:17:25,359 Oh yeah to the punks that are selling they're insane bro like 308 00:17:25,359 --> 00:17:29,520 they there's some beautiful punks I'm just going to go over 309 00:17:29,520 --> 00:17:31,320 2 seconds right now because you just finished on that but it's 310 00:17:31,320 --> 00:17:35,800 like like the where is it there you go like this one, this one 311 00:17:35,800 --> 00:17:42,080 like look at this stuff, this sick right 'cause. 312 00:17:43,640 --> 00:17:46,000 I feel like I'd like the cowboy may be a touch more, but I would 313 00:17:46,000 --> 00:17:47,640 be very happy with either of those. 314 00:17:48,200 --> 00:17:49,960 In my opinion, they're both perfect parks. 315 00:17:49,960 --> 00:17:52,240 But yeah, I agree, like the cowboy one is is like a perfect 316 00:17:52,240 --> 00:17:54,800 cowboy, right? It's like the big shades got the 317 00:17:54,800 --> 00:17:56,720 beard going, but it's ATS crypto right? 318 00:17:56,720 --> 00:17:59,080 It seems to be buying them all. They've got 25. 319 00:17:59,240 --> 00:18:01,600 Geez. Oh my God, but they're 25 nice 320 00:18:01,600 --> 00:18:05,960 ones too right like they're very well like curated as well, like 321 00:18:05,960 --> 00:18:10,080 this one's fire love these two the they're nice. 322 00:18:10,280 --> 00:18:13,440 Oh wow, this VR glasses with the cigarette. 323 00:18:14,760 --> 00:18:16,720 Wow. Well, this is nice lots of 324 00:18:16,720 --> 00:18:17,920 punks. What's the punks float right now 325 00:18:17,920 --> 00:18:22,680 despite I mean ETH is dragging every asset down. 40. 40 So 326 00:18:22,720 --> 00:18:24,000 what? What are we at in dollars right 327 00:18:24,000 --> 00:18:25,880 now? Like 120 on something? 328 00:18:26,920 --> 00:18:31,000 Yeah, 120, yeah, hundred 10110. Well, hopefully someone wins the 329 00:18:31,000 --> 00:18:32,040 punks down the show. There you go. 330 00:18:32,360 --> 00:18:36,960 Anyways, Tyler Cryptozar yesterday took the mic and then 331 00:18:37,480 --> 00:18:39,360 I know what's up with the agriculture guy talking about 332 00:18:39,360 --> 00:18:43,240 crypto, but can you give us the TLDR of yesterday's headlines? 333 00:18:43,280 --> 00:18:47,440 TLDR So David Sacks, he's the Cryptozar. 334 00:18:47,480 --> 00:18:50,880 He announced the forming of the Crypto Working Group in front of 335 00:18:50,880 --> 00:18:53,880 the House and Congress. They basically acknowledged that 336 00:18:53,880 --> 00:18:58,040 there's been four years of crypto persecution with no rules 337 00:18:58,040 --> 00:19:00,240 and really just enforcement by prosecution. 338 00:19:00,720 --> 00:19:04,000 They enforce the message. They want to bring innovation on 339 00:19:04,000 --> 00:19:07,080 shore and develop clear definitions and rules that say 340 00:19:07,080 --> 00:19:10,360 consumer protection is easier on shore. 341 00:19:10,640 --> 00:19:13,440 There's a big focus on stable coins and how stable coin 342 00:19:13,440 --> 00:19:16,280 legislation can create trillions of dollars and buy pressure for 343 00:19:16,360 --> 00:19:18,680 U.S. Treasuries, help lower rates and 344 00:19:18,680 --> 00:19:21,200 help strengthen the dollar and make it the global reserve 345 00:19:21,200 --> 00:19:24,720 currency. Yeah, so those are big points. 346 00:19:25,120 --> 00:19:27,560 There wasn't really a whole lot of, I would say new information. 347 00:19:27,560 --> 00:19:30,800 It's kind of like a reiteration of what was in the executive 348 00:19:30,800 --> 00:19:33,240 order. But I think it's still good to 349 00:19:33,280 --> 00:19:36,600 to hear it here first hand. There's a bit of AQ and a 350 00:19:36,600 --> 00:19:38,360 afterwards. Most of the questions kind of 351 00:19:38,360 --> 00:19:40,600 resolved around revolved around stable coins. 352 00:19:41,080 --> 00:19:43,480 Not a whole lot of interest there. 353 00:19:43,480 --> 00:19:45,800 They did. The last question was regarding 354 00:19:46,040 --> 00:19:48,320 the strategic Bitcoin reserve and the sovereign wealth fund. 355 00:19:48,680 --> 00:19:53,640 And I think the take away is Sax's crypto working group will 356 00:19:53,640 --> 00:19:55,840 be the ones drafting the plan for the Bitcoin strategic 357 00:19:55,840 --> 00:19:59,000 reserve. And the sovereign wealth fund is 358 00:19:59,000 --> 00:20:02,160 totally separate. So it it does feel like kind of 359 00:20:02,160 --> 00:20:06,040 a separation of duties. And I feel like that's going to 360 00:20:06,040 --> 00:20:10,800 be an interesting kind of speculation here here for the 361 00:20:10,800 --> 00:20:15,120 new near future. So it's almost like my take is 362 00:20:15,840 --> 00:20:18,080 strategic Bitcoin Reserve is going to be done by the book. 363 00:20:18,520 --> 00:20:19,560 You know they're going to develop. 364 00:20:19,560 --> 00:20:21,640 The plan? The sovereign wealth fund feels 365 00:20:21,640 --> 00:20:27,840 like it's a little bit more rogue Lutnick, Besant, Trump are 366 00:20:27,840 --> 00:20:31,040 kind of maybe going to be able to go do a little bit more what 367 00:20:31,040 --> 00:20:33,680 they want. I'm not really sure what the 368 00:20:33,680 --> 00:20:38,200 oversight of that looks like. So it's going to be interesting 369 00:20:38,200 --> 00:20:41,000 to see the kind of balance between those two. 370 00:20:41,000 --> 00:20:45,080 And actually, if I had to better like which of those two funds 371 00:20:45,080 --> 00:20:48,480 I'm more excited about from the standpoint of accumulating 372 00:20:48,480 --> 00:20:51,320 crypto assets, I'd say I'm probably more excited for the 373 00:20:51,320 --> 00:20:54,960 sovereign wealth funds. Same here. 374 00:20:54,960 --> 00:20:56,920 I mean, that's what I picked up from yesterday, man. 375 00:20:56,920 --> 00:20:59,480 And this is the whole thing was the presser after like my main 376 00:20:59,480 --> 00:21:02,840 take away was that there's a clear the separation within the 377 00:21:02,840 --> 00:21:05,400 government between the sovereign wealth fund and the Bitcoin 378 00:21:05,400 --> 00:21:07,520 strategic reserve team, which is kind of obvious, right? 379 00:21:07,520 --> 00:21:10,560 But now we now we know and Lutnick is a little more 380 00:21:10,560 --> 00:21:12,920 aggressive on that stuff, right? And seems like he's going to 381 00:21:12,920 --> 00:21:18,440 have a little more leeway to to, you know, make moves and and 382 00:21:18,440 --> 00:21:21,120 acquire Bitcoin. So it looks like that is most 383 00:21:21,120 --> 00:21:24,440 likely to happen. I'm liking these these pressers 384 00:21:24,440 --> 00:21:27,200 that all end on Bitcoin to see reserve questions, honestly. 385 00:21:27,200 --> 00:21:30,440 And Bitcoin questions. I have to say the mindshare 386 00:21:30,440 --> 00:21:33,160 crypto has within the US government right now and the 387 00:21:33,160 --> 00:21:35,720 media is pretty big. Pretty much if there was a 388 00:21:35,720 --> 00:21:38,560 cookie dough fund for crypto mindshare at the government in 389 00:21:38,560 --> 00:21:40,120 the US, it would be all time high right now. 390 00:21:41,080 --> 00:21:43,800 It just feels like everything's a bit more transparent, like, is 391 00:21:43,800 --> 00:21:46,840 this happening in in public? It's amazing. 392 00:21:46,840 --> 00:21:50,240 And on the back of that, take us through the SEC announcements, 393 00:21:50,240 --> 00:21:53,120 there was two of them. They're both just as I think as 394 00:21:53,120 --> 00:21:55,800 on the founder level. I texted Loxy right away and I 395 00:21:55,800 --> 00:21:57,200 was like, dude, this is amazing for us. 396 00:21:57,200 --> 00:22:01,200 Like it couldn't get any better. Yeah, a lot happened at the SEC 397 00:22:01,200 --> 00:22:03,840 yesterday. So one, it seems like they're 398 00:22:03,840 --> 00:22:06,160 kind of reducing their their task force. 399 00:22:06,160 --> 00:22:09,360 They're not allowing agents to kind of go after funds. 400 00:22:09,360 --> 00:22:11,880 They're also kind of saying that, hey, we're going to walk 401 00:22:11,880 --> 00:22:15,880 back effectively all the open enforcement actions that are 402 00:22:15,880 --> 00:22:18,360 under investigation. So like it, it kind of feels 403 00:22:18,360 --> 00:22:21,640 like I, I saw the mean that a tester appears on the swing and 404 00:22:21,640 --> 00:22:24,560 then behind her is just the fire of the old administration under 405 00:22:24,560 --> 00:22:26,280 the SEC. It's kind of like they just slit 406 00:22:26,280 --> 00:22:29,360 a match and they're kind of just going to start over fresh. 407 00:22:30,240 --> 00:22:33,880 It's my view of that piece. And then she also wrote a nice 408 00:22:33,880 --> 00:22:37,920 statement as they spun up this new crypto task force. 409 00:22:37,920 --> 00:22:41,120 She's at the helm. She introduced the vision 410 00:22:41,680 --> 00:22:44,120 effectively. They want to enable freedom in 411 00:22:44,120 --> 00:22:45,880 the crypto markets while avoiding fraud. 412 00:22:45,920 --> 00:22:48,680 They want to create a regulatory framework to protect investors 413 00:22:48,680 --> 00:22:51,120 and preserve innovation. And then they're going to 414 00:22:51,120 --> 00:22:54,320 provide exemptive relief for those previously impacted. 415 00:22:55,080 --> 00:22:57,200 And Mando kind of went there, but this was a notable quote. 416 00:22:57,200 --> 00:23:01,000 I think it's worth reading to buy a token or product that 417 00:23:01,000 --> 00:23:02,960 lacks a clear long term value proposition. 418 00:23:02,960 --> 00:23:05,960 They should feel free to do they they should feel free to, but 419 00:23:06,280 --> 00:23:08,960 should not be surprised if someday the price drops in this 420 00:23:08,960 --> 00:23:10,480 country. People generally have a right to 421 00:23:10,480 --> 00:23:14,440 make decisions for themselves. So on and and so forth. 422 00:23:14,440 --> 00:23:19,280 A little bit deeper specifics about some of the key focus 423 00:23:19,280 --> 00:23:22,600 areas around like token offerings, exploring temporary 424 00:23:22,600 --> 00:23:26,000 relief for tokens, meeting transparency requirements, how 425 00:23:26,000 --> 00:23:28,560 to handle registered offerings. Amazing. 426 00:23:28,880 --> 00:23:30,880 Broker dealer rules statement lending. 427 00:23:31,400 --> 00:23:35,840 All the primary after shipment ETFs are in there as well. 428 00:23:36,040 --> 00:23:40,400 Wow. My overall read is she wants to 429 00:23:40,400 --> 00:23:45,240 bring common sense back into crypto and crypto regulation. 430 00:23:45,600 --> 00:23:46,920 Thank you. America. 431 00:23:47,360 --> 00:23:49,160 My goat. Can she just come on the show 432 00:23:49,160 --> 00:23:52,320 All right? Did I like honestly this woman 433 00:23:52,320 --> 00:23:55,440 just gets it bro and we've been seeing this for like a year now 434 00:23:55,440 --> 00:23:57,240 because she's been criticizing Gary. 435 00:23:57,240 --> 00:24:00,120 But people want to buy a token or product that lacks a clear 436 00:24:00,120 --> 00:24:02,120 long term value prop. They should feel free. 437 00:24:02,960 --> 00:24:04,960 Don't be surprised if someday the price drops like. 438 00:24:05,600 --> 00:24:08,920 So that's the thing. So like, it's so popular. 439 00:24:08,920 --> 00:24:10,800 I'm not not picking Amanda, but everyone's saying it's crime 440 00:24:10,800 --> 00:24:14,480 season. I think this is going to fix the 441 00:24:14,480 --> 00:24:16,600 crime season. Crime season if everyone keeps 442 00:24:16,600 --> 00:24:20,840 buying the tokens, like that's what you're referring to, right? 443 00:24:20,840 --> 00:24:23,280 It's like anyone can kind of come in and launch a token 444 00:24:23,400 --> 00:24:26,680 effectively at this point. Yeah, I think, I think it's by 445 00:24:26,680 --> 00:24:29,960 crime season, I just mean that like, yeah, like if someone just 446 00:24:29,960 --> 00:24:31,920 rugged tomorrow, I don't even think the SCC would look at it, 447 00:24:33,440 --> 00:24:36,040 no. Like it's like tagging Zack XBT 448 00:24:36,040 --> 00:24:38,440 on every fucking tweet, bro. Like they're doing the same 449 00:24:38,440 --> 00:24:39,480 thing. Like the government's not, you 450 00:24:39,480 --> 00:24:40,600 know what I mean? They're pretty much doing the 451 00:24:40,600 --> 00:24:41,360 same thing. He is right. 452 00:24:42,480 --> 00:24:45,080 If someone did a pre sale and just walked over the funds, I 453 00:24:45,080 --> 00:24:46,960 don't think the SCC is even going to come after them here. 454 00:24:47,480 --> 00:24:50,720 That's my genuine view. They they're not. 455 00:24:50,720 --> 00:24:52,560 And another thing that I like that she said. 456 00:24:52,560 --> 00:24:59,000 Oh, fuck, I forget. It was along the lines of God 457 00:24:59,000 --> 00:25:01,320 damn it, I forgot. Oh, yeah, no, sorry. 458 00:25:01,320 --> 00:25:04,200 It was David Sachs, right? Speaking of the Cryptozar speech 459 00:25:04,200 --> 00:25:10,280 yesterday, Tyler, why am I getting OK, go on. 460 00:25:10,360 --> 00:25:12,920 I this is it was. Oh, no, sorry, sorry. 461 00:25:13,040 --> 00:25:16,760 It was, it was if we bring the companies on shore, then we'll 462 00:25:16,760 --> 00:25:19,600 have a better grasp on them and what they're doing, whether 463 00:25:19,600 --> 00:25:22,200 legal or illegal. He's like, and he quoted, he 464 00:25:22,200 --> 00:25:25,000 said that SBF, the biggest scam in the history of crypto 465 00:25:25,000 --> 00:25:28,240 happened in the Bahamas from the Bahamas, but affected the 466 00:25:28,240 --> 00:25:29,960 American people. Why? 467 00:25:29,960 --> 00:25:32,760 Because we've pushed these companies offshore for so long 468 00:25:32,960 --> 00:25:35,840 that they go offshore, they commit their crime against 469 00:25:35,920 --> 00:25:38,320 America. This is like the most accurate 470 00:25:38,320 --> 00:25:40,360 thing ever, right? He's on point when he says like 471 00:25:40,360 --> 00:25:45,200 bring him back in so we can enforce the right regulation 472 00:25:45,200 --> 00:25:48,000 framework on them. So in a way, crime season meme 473 00:25:48,000 --> 00:25:50,360 is true, right? It's funny, right, Armando, but 474 00:25:50,360 --> 00:25:52,760 in a way it's also to avoid that right? 475 00:25:52,760 --> 00:25:56,680 It's a yo bring them in and regulate them properly. 476 00:25:56,680 --> 00:25:58,320 It's what we've been asking for forever, bro. 477 00:25:58,320 --> 00:26:01,200 I'm tired of we spent like we spent like almost $1,000,000 on 478 00:26:01,200 --> 00:26:04,160 the fucking Cayman Foundation, bro, like this is not it's like 479 00:26:04,160 --> 00:26:07,600 we're not multi million, like fucking balling on, you know, on 480 00:26:07,600 --> 00:26:08,960 budget. But I. 481 00:26:08,960 --> 00:26:10,640 Think that's basically the same as no regulation. 482 00:26:10,920 --> 00:26:13,000 It's not regulated properly. I think they're basically saying 483 00:26:13,040 --> 00:26:15,160 you don't need to trust anymore. Like we're not going to come 484 00:26:15,160 --> 00:26:16,520 even come. After, well, they're breaking it 485 00:26:16,520 --> 00:26:19,440 apart so that they can rebuild it, right? 486 00:26:19,720 --> 00:26:21,520 Meadow in the way, right? I think that's what Tyler was 487 00:26:21,520 --> 00:26:23,360 saying. I think part of it is that. 488 00:26:23,360 --> 00:26:25,320 I think part of it is they're just recognizing this isn't 489 00:26:25,320 --> 00:26:27,040 something they can even have oversight over. 490 00:26:27,440 --> 00:26:29,800 It's like going to the casino and suing the wind for losing at 491 00:26:29,800 --> 00:26:31,840 the roulette. I think it's a little bit of 492 00:26:31,840 --> 00:26:34,280 both. So like they are not going to 493 00:26:34,280 --> 00:26:41,240 come and protect you because the the calico coin rugged after 12 494 00:26:41,240 --> 00:26:44,800 hours last Yeah, and it didn't. I'm just using an example, but 495 00:26:44,800 --> 00:26:48,760 like one of the the key focus areas is registered offerings 496 00:26:48,800 --> 00:26:51,880 and adjusted reggae and crowdfunding rules for crypto. 497 00:26:52,440 --> 00:26:55,400 So like that actually applies to things like this Jelly launch 498 00:26:55,480 --> 00:26:56,960 and like Internet capital markets. 499 00:26:56,960 --> 00:26:59,160 So what did they say on that? Because they didn't catch that 500 00:26:59,160 --> 00:27:01,800 part on the Icos and everything. Do you want to on token 501 00:27:01,800 --> 00:27:03,840 offerings? Let me see if I can get into it. 502 00:27:04,200 --> 00:27:07,720 I mean, that pertains to a lot. Task force will consider working 503 00:27:07,720 --> 00:27:09,960 with staff to recommend the Commission modify existing pass 504 00:27:09,960 --> 00:27:13,680 to registration, including reggae and crowdfunding so that 505 00:27:13,680 --> 00:27:15,560 people interested in registering token offerings will have a 506 00:27:15,560 --> 00:27:17,880 viable path for doing so that's. Amazing. 507 00:27:18,120 --> 00:27:20,000 Laying out a framework. That's really amazing. 508 00:27:20,000 --> 00:27:22,600 That's really the pathway to have American make crypto like 509 00:27:22,600 --> 00:27:26,280 when you think about the whole everything is setting up between 510 00:27:26,280 --> 00:27:31,360 Trump sayings and sacks and then Hester peers here, like there's 511 00:27:31,360 --> 00:27:34,200 such good correlation right now. It seems like for the first time 512 00:27:34,200 --> 00:27:36,360 we're going to have a a clear pathway. 513 00:27:36,560 --> 00:27:40,360 How long do we think this takes? While she kind of started with 514 00:27:40,360 --> 00:27:46,000 that like early on in her her essay here, it's it took us a 515 00:27:46,000 --> 00:27:48,600 long time to get into this mess. It's going to take us some time 516 00:27:48,600 --> 00:27:51,640 to get out of it. So it it kind of feels like, 517 00:27:51,640 --> 00:27:54,000 yeah, we were in this period where I think Mando's right, 518 00:27:54,000 --> 00:27:57,080 like. There is a period where crime, 519 00:27:57,080 --> 00:28:00,560 all crime, is going to be permitted. 520 00:28:00,600 --> 00:28:04,200 I know a lot of founders in crypto behind the scenes are 521 00:28:04,200 --> 00:28:06,040 starting to cancel their founding, close their 522 00:28:06,040 --> 00:28:09,240 foundations and merge the two. Blast did it in public. 523 00:28:11,120 --> 00:28:13,680 I know for a fact a lot of founders in America are 524 00:28:13,680 --> 00:28:17,840 considering cancelling their Cayman foundation with BBI Subs 525 00:28:17,840 --> 00:28:20,320 for the token entities and finally merging it. 526 00:28:20,760 --> 00:28:22,920 And let's be honest, it's so crazy the whole thing like a 527 00:28:22,920 --> 00:28:26,720 foundation is thing is, we all know what's going on here, bro, 528 00:28:26,840 --> 00:28:30,480 you know, not to incriminate anyone, but you know, I don't 529 00:28:30,480 --> 00:28:32,960 know, it's, it's been very tough and expensive dude. 530 00:28:33,760 --> 00:28:36,720 You know than the law firms in the Cayman Islands, US is coming 531 00:28:36,720 --> 00:28:37,640 to eat their lunch right now. When? 532 00:28:39,840 --> 00:28:41,760 I first started working at Accenture in 2008. 533 00:28:41,760 --> 00:28:43,600 I saw the company was headquartered in the Cayman 534 00:28:43,600 --> 00:28:44,720 Islands and I was like what? What? 535 00:28:44,720 --> 00:28:47,480 What is this? It's not a choice. 536 00:28:47,480 --> 00:28:49,400 It's almost by force, brother, you know. 537 00:28:49,560 --> 00:28:52,920 I know, but that's just it's just such a like that goes 538 00:28:52,920 --> 00:28:55,320 against common sense. Like, it goes against all common 539 00:28:55,320 --> 00:28:58,160 sense. It's like, you want to know how 540 00:28:58,240 --> 00:29:01,240 nonsensical it is, you have to go have a board meeting. 541 00:29:01,240 --> 00:29:03,320 And it came in twice a year. So all you have to do is you 542 00:29:03,320 --> 00:29:05,640 like take a trip to Cayman Islands, take a vacation for 543 00:29:05,640 --> 00:29:08,320 three days and then you have to have a lawyer there. 544 00:29:08,320 --> 00:29:09,840 Then you have to start a BBI sub. 545 00:29:09,880 --> 00:29:13,880 It'll run you like it'll run you like 250K to start a foundation. 546 00:29:13,960 --> 00:29:16,160 Then it will run up to over to up to $1,000,000. 547 00:29:16,160 --> 00:29:18,800 Like it's a ridiculous amount of paperwork and money and 548 00:29:18,800 --> 00:29:21,840 regulation going behind that. So it's insane. 549 00:29:21,840 --> 00:29:26,040 Having gone through it, I can tell you guys that it's a lot of 550 00:29:26,040 --> 00:29:29,520 work and it's it's annoying anyways. 551 00:29:30,080 --> 00:29:32,040 Yeah, I mean, it sucks for anyone who just went through 552 00:29:32,040 --> 00:29:33,880 that process recently, right? And and. 553 00:29:33,880 --> 00:29:36,800 Yeah, I mean. Wasting capital on time. 554 00:29:37,240 --> 00:29:39,680 Yeah, wasting capital and time and also like sucks for the 555 00:29:39,680 --> 00:29:41,960 people who like all this time we're scared of dropping that 556 00:29:41,960 --> 00:29:43,480 token and not doing it at this stage. 557 00:29:43,480 --> 00:29:45,440 If open C doesn't drop this token, I'm going to start 558 00:29:45,440 --> 00:29:50,320 fighting myself too because they they got to get going anyways. 559 00:29:50,320 --> 00:29:54,080 Barrett chain, Tyler, Speaking of hype, there's mega ETH and 560 00:29:54,080 --> 00:29:55,280 Barrett chain. Let's talk about the two of 561 00:29:55,280 --> 00:29:57,280 them. So feel like it's Stabies are 562 00:29:57,280 --> 00:30:00,640 coming to town. Yeah, Bear Chain, I think the 563 00:30:00,640 --> 00:30:06,400 big news is mainnet launches tomorrow on on Thursday and I'm 564 00:30:06,560 --> 00:30:08,640 I'm pretty sure yeah, tge is at the same time. 565 00:30:08,640 --> 00:30:12,920 So the tokens are coming, the tokenomics and the AirDrop 566 00:30:12,920 --> 00:30:16,160 checker are coming today. They have not been released yet. 567 00:30:16,600 --> 00:30:20,560 I'm on their page now. So unless it breaks during the 568 00:30:20,560 --> 00:30:23,120 show, we don't really have a whole lot of of other news. 569 00:30:23,120 --> 00:30:26,000 This is going to be a big capital influx. 570 00:30:26,000 --> 00:30:29,280 I don't really have a read on on the token itself. 571 00:30:29,360 --> 00:30:32,800 This feels kind of like an ecosystem where you had a group 572 00:30:32,800 --> 00:30:35,800 of whales and players who committed and they were in there 573 00:30:35,800 --> 00:30:40,360 for the last year to 18 months. This is kind of like, it feels 574 00:30:40,360 --> 00:30:41,760 like this is kind of like their final exit. 575 00:30:41,800 --> 00:30:46,680 So like these people, like CBB, he's got mid 7 figures wrapped 576 00:30:46,680 --> 00:30:51,960 up in these Bond Bear and other the bear Chain NFTS, the folks 577 00:30:51,960 --> 00:30:54,320 who've been grinding this vet capital locked up for a long 578 00:30:54,320 --> 00:30:56,280 time now. It was very unclear when this 579 00:30:56,280 --> 00:30:59,480 was actually going to launch. Yeah, like we're going to have 580 00:30:59,480 --> 00:31:01,560 some from cell pressure from there. 581 00:31:03,360 --> 00:31:05,360 I think folks are kind of looking for something to farm. 582 00:31:05,520 --> 00:31:07,920 I see like the interest in the chats, like, oh, like what can 583 00:31:07,920 --> 00:31:11,720 we do in Bear Chain? But it also feels like it 584 00:31:11,720 --> 00:31:15,360 doesn't feel like the core, like CT hot ball of money is going to 585 00:31:15,360 --> 00:31:17,760 flow to Bear Chain. So I don't know, it kind of 586 00:31:17,760 --> 00:31:20,120 makes, I don't have a great read on how the launch is going to 587 00:31:20,120 --> 00:31:23,120 go. So it might just be kind of play 588 00:31:23,120 --> 00:31:28,200 it by ear and and and watch and and see the flip side of this is 589 00:31:28,200 --> 00:31:32,280 now we've got kind of more info around this this mega ETH launch 590 00:31:32,760 --> 00:31:38,040 and they they did their raise the Kobe's echo, right? 591 00:31:38,040 --> 00:31:39,520 I think that was the first chance of like, yeah. 592 00:31:40,040 --> 00:31:42,040 It was massive. Like to invest? 593 00:31:42,040 --> 00:31:43,640 I forget the specific numbers on that. 594 00:31:43,880 --> 00:31:46,640 I think they raised $10 million, like 3 minutes or 30. 595 00:31:46,640 --> 00:31:48,040 What was it? But it was like some big 596 00:31:48,040 --> 00:31:50,560 headline, yeah. And yesterday they announced 597 00:31:50,560 --> 00:31:54,360 this, this new NFT collection, it's called the Fluffle 10,000 598 00:31:54,360 --> 00:31:56,240 NFTS. They are soul bound. 599 00:31:56,240 --> 00:31:58,560 They're going to be priced at one each each. 600 00:31:58,560 --> 00:32:00,640 So on the surface, that looks very expensive. 601 00:32:01,000 --> 00:32:03,680 But then they go on to say that this is effectively ownership in 602 00:32:03,680 --> 00:32:08,360 the network 5%. So these NFTS will represent 5% 603 00:32:08,360 --> 00:32:13,760 ownership of mega ETH. So it's not hard to kind of go 604 00:32:13,760 --> 00:32:17,560 down the line and say, like, OK, that means 8 tokens Oklahoma. 605 00:32:18,200 --> 00:32:20,160 Are you guys you guys going to try for it? 606 00:32:22,480 --> 00:32:23,880 I'm still thinking through like it. 607 00:32:23,880 --> 00:32:27,040 It feels it's it's a no brainer. 1/8 is. 608 00:32:27,360 --> 00:32:28,880 But how do we get it like 80,000? 609 00:32:29,040 --> 00:32:31,000 People, that's the that's the challenge with it. 610 00:32:31,200 --> 00:32:33,120 And I want to hear from Brad. I hope we can have Brad come on 611 00:32:33,120 --> 00:32:34,600 the show. Yeah, I invited him too. 612 00:32:36,760 --> 00:32:41,720 Apparently they collected 80,000 wallet addresses for the 10,000 613 00:32:41,720 --> 00:32:43,960 NFTS. There are two stages. 614 00:32:43,960 --> 00:32:47,160 So some folks will get to admit a day before with no gas war. 615 00:32:47,160 --> 00:32:49,880 But it seems like the majority of folks are going to be in this 616 00:32:49,880 --> 00:32:53,600 like more public white cell white list and that is going to 617 00:32:53,600 --> 00:32:55,960 be a gas war. So you're really going to have 618 00:32:55,960 --> 00:32:58,080 to factor in like what do you think your chances are of 619 00:32:58,080 --> 00:33:00,360 getting through versus how much you think you're going to pay in 620 00:33:00,360 --> 00:33:02,960 gas and is it worth it? I think from we started to see 621 00:33:02,960 --> 00:33:05,440 some of the back of the African math estimates going around. 622 00:33:05,920 --> 00:33:07,640 I think they're saying that you're effectively buying this 623 00:33:07,640 --> 00:33:12,800 at like a $550 million FDV. So if you think mega ETH is 624 00:33:12,800 --> 00:33:17,840 going to open up higher than that, then it's a good buy. 625 00:33:18,880 --> 00:33:22,160 And there's, there's a lot of Eve, although just know like 626 00:33:22,160 --> 00:33:24,720 you're not flipping the NFT there, there will be no market 627 00:33:24,720 --> 00:33:28,120 for the NFTS and we don't really know a timeline for when the 628 00:33:28,120 --> 00:33:30,640 network will will be live. OK, you. 629 00:33:30,960 --> 00:33:32,640 Could be locked, locking capital for a bit. 630 00:33:33,640 --> 00:33:35,280 All right, we'll see what happens, man. 631 00:33:35,280 --> 00:33:36,560 Are you going to try minting that or what? 632 00:33:37,760 --> 00:33:46,040 No, that's it in in. These like I'm going to try but 633 00:33:46,040 --> 00:33:48,280 it's mega ETH bro it's ETH but mega. 634 00:33:48,680 --> 00:33:51,880 Mega ETH monad Berra chain I just. 635 00:33:53,440 --> 00:33:54,640 Honestly, you're too rich for that. 636 00:33:54,640 --> 00:33:56,960 Like it's let leave that to the little people like us. 637 00:33:57,040 --> 00:33:58,440 I. Don't know if it's little people 638 00:33:58,440 --> 00:34:01,760 like I just my experience on these is it's shifting for the 639 00:34:01,760 --> 00:34:06,000 people who aren't little like I think people a lot of people 640 00:34:06,000 --> 00:34:09,880 chase these things and this might be the one, but I reckon 641 00:34:09,880 --> 00:34:12,719 maybe one out of those 3 will properly cook and. 642 00:34:12,719 --> 00:34:15,800 It's a lot. If you invest a lot of money in 643 00:34:15,800 --> 00:34:18,480 these things, we spent a lot of time like we've seen it, like 644 00:34:18,480 --> 00:34:20,639 I've played this game so many times. 645 00:34:20,639 --> 00:34:25,600 So I I just don't even know. So monad Berra Mega. 646 00:34:26,159 --> 00:34:27,480 Those are the three big ones, yeah. 647 00:34:30,080 --> 00:34:32,600 You know, for all this, like abstract's been sketching 648 00:34:32,600 --> 00:34:35,120 online, like I saw a few people complain about Abstract and 649 00:34:35,120 --> 00:34:37,239 their tiny TV out, which is like what 1012 mil? 650 00:34:37,840 --> 00:34:39,560 I actually really like their approach. 651 00:34:39,560 --> 00:34:44,480 Like I feel like it's like it's refreshing versus the others 652 00:34:44,480 --> 00:34:48,880 were like you make deals, get a ton of TVL through this whole 653 00:34:48,880 --> 00:34:50,840 building silence thing where like nobody knows what's 654 00:34:50,840 --> 00:34:53,440 actually going on, but all of a sudden you have a massive TVL 655 00:34:53,440 --> 00:34:54,800 and you make a lot of those coming out. 656 00:34:55,639 --> 00:34:58,320 Of course early people will be rewarded heavily on those, but I 657 00:34:58,320 --> 00:35:01,600 don't know about the common folk versus abstract has just said 658 00:35:01,600 --> 00:35:03,400 fuck it. Like we'll get a raw dog a 659 00:35:03,400 --> 00:35:05,800 blockchain. They launched it with streaming 660 00:35:05,800 --> 00:35:10,800 capacities are not catering to any D Jens on not catering to CT 661 00:35:10,800 --> 00:35:15,360 at all, like at all. And in a way I kind of like what 662 00:35:15,360 --> 00:35:16,960 they're doing. I agree. 663 00:35:17,280 --> 00:35:20,000 I I don't necessarily think that TBL is is. 664 00:35:20,800 --> 00:35:23,160 What is TBL the? It's like AFDV meme, you know? 665 00:35:23,640 --> 00:35:27,000 Base sorry for example blah said very very high TBL remember. 666 00:35:27,560 --> 00:35:30,000 It was like the TV, remember? Like the whole thing. 667 00:35:30,000 --> 00:35:31,200 But it doesn't necessarily mean value. 668 00:35:31,200 --> 00:35:34,040 Whereas base had very low TVR for a long time, focused on 669 00:35:34,040 --> 00:35:37,560 consumer products and then built gradually as some of those. 670 00:35:37,640 --> 00:35:39,520 I like that or. Has showed it up. 671 00:35:39,520 --> 00:35:43,480 So I don't think TVR particularly the the start of 672 00:35:44,000 --> 00:35:46,920 ATVR at the start of the chain essentially means you have a lot 673 00:35:46,920 --> 00:35:48,640 of rewards that people are coming in to. 674 00:35:48,640 --> 00:35:51,440 Farm and people are jumped exactly like TVR will. 675 00:35:51,440 --> 00:35:52,920 Abstract now first of all, can only go up. 676 00:35:53,320 --> 00:35:55,840 So that's a good notion, right? That the track's going to look 677 00:35:55,840 --> 00:35:58,720 good and like for example, like for example, us like we don't 678 00:35:58,720 --> 00:36:00,920 have USDC enabled, but it's going to be a point where you're 679 00:36:00,920 --> 00:36:02,920 going to be able to like load up your myriad account with a ton 680 00:36:02,920 --> 00:36:07,640 of money and then like you know place your predictions and 681 00:36:07,640 --> 00:36:10,040 that's going to bring TVL to a chain like that so I don't know 682 00:36:10,040 --> 00:36:12,440 I I I really like that I was asked a lot this week like yeah 683 00:36:12,440 --> 00:36:14,120 like how do you feel about it because obviously we launched on 684 00:36:14,320 --> 00:36:17,400 on there last week and I'm like really stoked about the fact 685 00:36:17,400 --> 00:36:20,920 because you I by the way, big fan like merry chain monad mcate 686 00:36:21,120 --> 00:36:23,600 like all of it I'm a fan of all the crypto general. 687 00:36:23,600 --> 00:36:24,880 I'm always bullish, I'm always positive. 688 00:36:24,880 --> 00:36:27,760 You guys know me, but I like that different approach. 689 00:36:27,760 --> 00:36:29,120 What do you think, Tyler? What? 690 00:36:29,480 --> 00:36:31,680 Do you think the TPL of Cadano is? 691 00:36:33,040 --> 00:36:35,080 I don't know. I had. 692 00:36:36,880 --> 00:36:40,720 Let's go on D53. 175,000,000. But there you go. 693 00:36:40,760 --> 00:36:44,120 So pointing case right? 30 five, $35 billion FTV. 694 00:36:44,280 --> 00:36:46,600 Pointing case here so. I like it. 695 00:36:46,600 --> 00:36:49,200 I do think they've got. If I'm being objective, I think 696 00:36:49,200 --> 00:36:54,160 abstract has a long road ahead. I think watching this style like 697 00:36:54,240 --> 00:36:56,440 it's not going to be a huge launch in three months. 698 00:36:56,600 --> 00:37:00,720 No, like it it like we're talking more like 6 to 9 to 12 699 00:37:00,720 --> 00:37:02,280 months probably. Oh yeah, yeah. 700 00:37:02,280 --> 00:37:05,120 I mean, it'll roll over to the next bull market like. 701 00:37:06,400 --> 00:37:07,640 And that's good. So like they're they're building 702 00:37:07,640 --> 00:37:10,040 for the long term. I like that approach versus just 703 00:37:10,040 --> 00:37:11,520 Big Bang. And then we're not going to be 704 00:37:11,520 --> 00:37:14,320 talking about it in six months effectively, which is like 705 00:37:14,840 --> 00:37:16,600 objectively that was that's what happened with Blast. 706 00:37:16,600 --> 00:37:19,240 It was the talk of the town. And now there is 0 talk about 707 00:37:19,240 --> 00:37:22,360 blast like it it is. Even after all their 708 00:37:22,360 --> 00:37:25,040 announcements. What is the TV out of blast now? 709 00:37:25,760 --> 00:37:27,240 But, but I'll go to that in a second. 710 00:37:27,240 --> 00:37:31,000 Remember when Arbitrom's biggest selling point was the TVL 711 00:37:32,080 --> 00:37:33,920 streaming at $0.44? Now, and that's not a knock. 712 00:37:33,920 --> 00:37:36,320 I'm just saying all these things where we were like, oh, look at 713 00:37:36,320 --> 00:37:39,880 the TVL, Look at where they are now in terms of user adoption, 714 00:37:41,400 --> 00:37:44,120 like anime launcher token on L2 Arbitrom. 715 00:37:44,960 --> 00:37:47,640 And sadly it's not going as well as it I think it should have 716 00:37:47,640 --> 00:37:48,960 because it's actually a really cool token. 717 00:37:48,960 --> 00:37:51,280 I love the community shot Suzuki, but you know what I 718 00:37:51,280 --> 00:37:53,680 mean? Like, I don't know, let's see, 719 00:37:53,680 --> 00:37:55,320 you were asking for which chain blast. 720 00:37:56,480 --> 00:38:00,760 What's the TBL? Now let me check 250 million, 721 00:38:00,760 --> 00:38:03,960 see how much would I think like Ovie put $250 million into 722 00:38:03,960 --> 00:38:07,680 black? That's a good, That's good, 723 00:38:07,720 --> 00:38:09,280 yeah. I think also the. 724 00:38:09,680 --> 00:38:14,680 TBL people have to understand is for for, particularly for some 725 00:38:14,680 --> 00:38:17,000 of these L twos which are more D5 heavy, there's a lot of 726 00:38:17,080 --> 00:38:26,360 looping that goes on. So TBL, you know like if if for 727 00:38:26,360 --> 00:38:30,280 example theoretically 100% of the TBL goes into a lending 728 00:38:30,280 --> 00:38:35,360 platform and then you borrow 80% against that TBL. 729 00:38:36,760 --> 00:38:40,960 OK, right. I see. 60%. 730 00:38:41,320 --> 00:38:44,680 Yeah, I see. You can that 10 billion of TBL 731 00:38:44,680 --> 00:38:47,200 becomes 18 billion of TBL, Yeah. Yeah. 732 00:38:47,840 --> 00:38:54,360 So ones with big lending platforms or big D5D5 protocols, 733 00:38:54,360 --> 00:38:57,520 often you get a lot of double counting. 734 00:38:58,080 --> 00:38:59,200 Yeah, OK. I see. 735 00:39:00,200 --> 00:39:03,360 Go ahead, Tyler. Well, I will say I feel like I, 736 00:39:03,480 --> 00:39:06,560 I read a lot of the feedback against abstract and then I 737 00:39:06,560 --> 00:39:09,480 think a lot of it has been negative at the beginning. 738 00:39:11,080 --> 00:39:13,720 I think people are very interested to hear like what is 739 00:39:13,720 --> 00:39:17,040 the path to becoming the consumer? 740 00:39:18,400 --> 00:39:20,040 So like, what are consumers going to come to? 741 00:39:20,960 --> 00:39:24,160 Stream like media which is why I'm in media. 742 00:39:24,160 --> 00:39:26,600 Personally speaking I'm I'm not doing it just for the lols right 743 00:39:26,600 --> 00:39:29,880 Like this is how I put food on my table and tables of like 40 744 00:39:29,880 --> 00:39:32,480 plus people. Media is a great way I think 745 00:39:32,480 --> 00:39:34,760 they'll consume. Yeah, I think streaming is 746 00:39:34,760 --> 00:39:38,280 probably the best, the best bet. I mean look at how everyone's 747 00:39:38,280 --> 00:39:41,120 always talking about the elevate cabal 24/7 so clearly they're 748 00:39:41,120 --> 00:39:42,600 fucking consuming content the most. 749 00:39:42,600 --> 00:39:48,520 Even the D Jens, right? I think being a hyper liquid is 750 00:39:48,520 --> 00:39:51,040 showing this right now. Being good at one thing and 751 00:39:51,040 --> 00:39:53,720 dominating it often can be the like. 752 00:39:54,120 --> 00:39:56,600 And Hyper Liquid doesn't even have a billion dollar TVR 753 00:39:56,600 --> 00:39:58,880 brother. Right. 754 00:39:58,880 --> 00:40:03,240 So like I think Hyper liquid's value is is is being an ACT 755 00:40:03,240 --> 00:40:05,840 chain. Abstract, I think largely is 756 00:40:05,840 --> 00:40:10,520 trying to be like a a kick or twitch of web three. 757 00:40:11,840 --> 00:40:13,240 Now they have to succeed at that. 758 00:40:13,800 --> 00:40:16,920 Of course, of course, like you're competing with twitch and 759 00:40:16,920 --> 00:40:20,560 and and kick is not easy, right? Even rumble rumble, right 760 00:40:20,560 --> 00:40:23,040 Rumbles crypto native, not native, but they're getting 761 00:40:23,040 --> 00:40:25,160 involved. I don't know. 762 00:40:25,440 --> 00:40:27,040 I like the approach. Look at the hyper liquid right, 763 00:40:27,360 --> 00:40:29,120 Hyper liquid, a sub 1 billion TPL. 764 00:40:29,120 --> 00:40:30,880 Let me ask you something. Would you guys rather own Hyper 765 00:40:30,880 --> 00:40:35,320 liquid or Tron with six billion TBL? 766 00:40:36,760 --> 00:40:38,440 Well, they're very. I actually think both of those 767 00:40:38,440 --> 00:40:40,520 are doing all right. I know, but if you go TBL for 768 00:40:40,520 --> 00:40:43,000 TBL right? OK, fine, Ethereum. 769 00:40:43,520 --> 00:40:45,440 I think Ethereum's probably a best better shot. 770 00:40:45,920 --> 00:40:49,680 Tron looks I don't forget Tron. Tron looks pretty strong all 771 00:40:49,680 --> 00:40:51,360 year. For the last year, Tron's been 772 00:40:51,360 --> 00:40:54,200 one of the best performers. And they're the Trump support 773 00:40:54,200 --> 00:40:57,760 now, so Tron feels like it's probably. 774 00:40:57,760 --> 00:40:59,120 Fair. Oh, that's TRX, right? 775 00:41:00,360 --> 00:41:03,880 Is it TRX? This time last year it was 776 00:41:03,880 --> 00:41:06,240 trading at 10, so it's done at 2:00 and 2:00. 777 00:41:06,360 --> 00:41:09,680 So it's kind of done what same as what Salon has done over that 778 00:41:09,680 --> 00:41:11,800 period. Well, what was this? 779 00:41:12,080 --> 00:41:17,360 A rough 2X, just over 2X, but but it's also down 50% from 780 00:41:17,360 --> 00:41:20,800 where it was on December 10th. Wow, that's crazy. 781 00:41:21,000 --> 00:41:23,520 Is that is that what the Tron meme mania was? 782 00:41:24,040 --> 00:41:27,520 No, no, this is this is the world liberty stuff, the crypto 783 00:41:27,720 --> 00:41:30,560 Trump stuff here. That's December. 784 00:41:31,000 --> 00:41:35,080 The mania was April 20. No, it's here here, Tyler. 785 00:41:35,080 --> 00:41:37,160 Around here, I think. Right. 786 00:41:38,240 --> 00:41:39,680 I was here. This here. 787 00:41:41,240 --> 00:41:42,680 Oh, you're, you're like on the year chart. 788 00:41:42,680 --> 00:41:43,520 I'm I'm thinking. Yeah, Yeah. 789 00:41:43,680 --> 00:41:44,440 No, weekly. Sorry. 790 00:41:44,440 --> 00:41:46,440 It's the weekly. Yeah, Yeah, I think it was 791 00:41:46,440 --> 00:41:50,200 around here. Yeah, yeah, yeah. 792 00:41:50,200 --> 00:41:52,720 Anyways, Raffle bot dot XYZ for those listening. 793 00:41:52,960 --> 00:41:54,960 If you're not listening, if you're watching, I mean, you had 794 00:41:54,960 --> 00:41:57,640 the code, you gotta gotta watch the show on air video. 795 00:41:57,640 --> 00:42:01,000 It's much better. Raffle bot dot XYZ. 796 00:42:01,000 --> 00:42:02,960 This is very simple website that we put together. 797 00:42:02,960 --> 00:42:04,520 You connect your X and you put code. 798 00:42:04,520 --> 00:42:07,360 Payne. Payne is a code APAIN Payne is a 799 00:42:07,360 --> 00:42:08,920 code. Raffle bot dot XYZ. 800 00:42:08,920 --> 00:42:10,240 Anyway, just take a little bit of time. 801 00:42:10,680 --> 00:42:14,840 So anything we must have missed or any dude, I mean, Speaking of 802 00:42:14,840 --> 00:42:17,240 Payne, let's talk about it. Tell us. 803 00:42:17,600 --> 00:42:22,520 Tell us more. So the pain pre sale ended a 804 00:42:22,520 --> 00:42:25,880 couple days ago. They raised 185,000 soul. 805 00:42:25,960 --> 00:42:27,840 So that was about $40 million at the time. 806 00:42:28,560 --> 00:42:31,440 I think there was some fun, you know, a that that you know, we 807 00:42:31,440 --> 00:42:34,200 just had this big meme coin fall out and then everyone Deejin's 808 00:42:34,200 --> 00:42:37,400 go and send 40 million and then there was this other round like 809 00:42:37,400 --> 00:42:39,240 price action. So like how's the price going to 810 00:42:39,240 --> 00:42:41,320 go up? You know, 40 million funds. 811 00:42:42,320 --> 00:42:45,680 They didn't tell us anything for a day and then they came back 812 00:42:45,680 --> 00:42:48,920 this morning and basically said, hey, we've been thinking about 813 00:42:48,920 --> 00:42:52,920 this, this is too much. We're going to return 80% of the 814 00:42:52,920 --> 00:42:56,960 soul that was sent. You are effectively going to 815 00:42:56,960 --> 00:42:59,240 have the the tokens the same pro rata. 816 00:42:59,240 --> 00:43:03,880 So whatever your percent of the 185,000 soul was, you're going 817 00:43:03,880 --> 00:43:07,080 to have the same percent. But effectively if it was going 818 00:43:07,080 --> 00:43:09,960 to open at a $40 million market cap, now it's going to open at 819 00:43:09,960 --> 00:43:11,640 8. And that's just ballpark because 820 00:43:11,640 --> 00:43:14,000 I don't know if they're giving tokens to like the mean land 821 00:43:14,000 --> 00:43:17,280 stakers or what. So those are just approximate. 822 00:43:17,280 --> 00:43:21,920 But basically the market cap is going to open up 80% lower than 823 00:43:21,920 --> 00:43:24,360 where it would have. That's amazing. 824 00:43:24,680 --> 00:43:28,680 My view is it from a trading perspective, the question on on 825 00:43:28,680 --> 00:43:31,520 any uncapped pre sale is who's the marginal buyer? 826 00:43:31,520 --> 00:43:36,120 Where does the FOMO kick in now? Who committed 5 sold to this 827 00:43:36,120 --> 00:43:37,720 because they they had five sold to play. 828 00:43:38,400 --> 00:43:41,200 We just got 4 sold back. They're going to eat it right 829 00:43:41,200 --> 00:43:45,280 back in. And it's not a huge stretch that 830 00:43:45,280 --> 00:43:48,800 to say like, OK, now that was money that they earmarked for 831 00:43:48,800 --> 00:43:49,840 this. Like they were, they were fine 832 00:43:49,840 --> 00:43:52,320 gambling 5 soul. It's not a huge stretch to 833 00:43:52,320 --> 00:43:54,320 think, OK, they're they're going to fire 4 back in. 834 00:43:56,800 --> 00:43:59,600 And then like when you get that positive momentum in a in a 835 00:43:59,600 --> 00:44:03,080 chart, if it plays out that way, that's a totally different ball 836 00:44:03,080 --> 00:44:07,200 game than if you open up at 40 and you just chop and everyone 837 00:44:07,240 --> 00:44:11,720 just slowly sells because like I've seen pre sell play out like 838 00:44:11,720 --> 00:44:14,280 that and no one, there's no fun when no one gets. 839 00:44:14,440 --> 00:44:16,880 In you can tell Ovie sent like half $1,000,000 to this thing, 840 00:44:18,080 --> 00:44:20,240 like he's so invested and involved right now on social 841 00:44:20,240 --> 00:44:23,040 media, like Mando, you know your boy, like you know he sent his 842 00:44:23,040 --> 00:44:26,320 figures if he's that's involved. Oh he 100% it. 843 00:44:26,440 --> 00:44:29,320 For sure if he'll steal. That money on fucking Enron. 844 00:44:30,320 --> 00:44:35,920 Dude Ovie and I got clipped for like, Dude, Ovie Wiz and I got 845 00:44:36,000 --> 00:44:40,600 destroyed on Enron. Destroyed. 846 00:44:40,880 --> 00:44:42,600 Should have known when I saw his fucking face. 847 00:44:42,600 --> 00:44:45,600 Dude, honestly, he looks like a fire festival Muffa. 848 00:44:45,680 --> 00:44:47,480 He looks like the fire festival guy. 849 00:44:47,920 --> 00:44:52,880 What's a fire festival guy? Billy McFarlane? 850 00:44:53,800 --> 00:44:57,040 Bro, like literally they both have a scammer face. 851 00:44:57,360 --> 00:45:01,280 It's so crazy that bro, they could be cousins. 852 00:45:03,120 --> 00:45:04,360 Oh yeah, they're cousins for sure. 853 00:45:05,320 --> 00:45:08,320 I'll admit I bought a little bit and then I I sold quickly when I 854 00:45:08,320 --> 00:45:11,160 was scanning through their site and I saw a like the tokenomics 855 00:45:11,160 --> 00:45:15,160 that they had like 7 day locks for the team. 856 00:45:15,440 --> 00:45:18,080 It's unclear they even even had a real lock. 857 00:45:18,080 --> 00:45:19,280 No, no, no. There was no lock. 858 00:45:19,320 --> 00:45:21,480 There's an insider that stole $5,000,000 right away. 859 00:45:21,560 --> 00:45:25,760 There is no lock. That's 100% this type of cell 860 00:45:25,760 --> 00:45:26,960 pressure. There's no lock. 861 00:45:27,680 --> 00:45:30,360 And they had these nuclear egg reactors, so they're going to 862 00:45:30,360 --> 00:45:32,640 get in people's houses. It was just like, I mean, it was 863 00:45:32,640 --> 00:45:34,920 funny, but it's not funny that people lost money on. 864 00:45:35,120 --> 00:45:38,320 I mean, yeah, by the way, we were like dying laughing, like 865 00:45:38,480 --> 00:45:40,040 on the way down. It was super sad. 866 00:45:40,160 --> 00:45:43,000 But I I busted my fucking trench wallet over this shit. 867 00:45:43,640 --> 00:45:45,760 I suck but. If you won't prevent crime 868 00:45:45,760 --> 00:45:47,840 season, then don't participate in crime. 869 00:45:48,000 --> 00:45:49,840 I know, I know, it's my fault, it's my fault. 870 00:45:50,520 --> 00:45:53,560 I'm redacted. It's it's 100% my fault. 871 00:45:54,120 --> 00:45:55,600 By the way, season happens with best of. 872 00:45:56,360 --> 00:45:58,080 All you. Know. 873 00:45:59,040 --> 00:46:01,280 Yeah, I got cooked. I heard Frank had inside 874 00:46:01,280 --> 00:46:04,720 information on it. Of course, yeah, every single 875 00:46:04,720 --> 00:46:06,720 person who's launching a token calls Frank before they. 876 00:46:06,720 --> 00:46:08,240 Yeah, they ask him for his permission. 877 00:46:08,400 --> 00:46:11,960 Frank's been getting some heat. Yeah, I mean, I I love Frank. 878 00:46:11,960 --> 00:46:14,280 I'm going to be on T GS stream later. 879 00:46:14,280 --> 00:46:16,040 I'm sure we'll talk about that. It's like 5 PMI. 880 00:46:16,040 --> 00:46:20,320 Saw that, I saw the I love how like there's goddamn posters 881 00:46:20,320 --> 00:46:22,160 before people goes on on a threat guys. 882 00:46:22,240 --> 00:46:26,560 Right, dude, listen like the guy when in in interviewed, what did 883 00:46:26,680 --> 00:46:29,280 Rams Rasmus say? He said the guy interviewed the 884 00:46:29,280 --> 00:46:32,440 most influential man on Earth interviewed by the guy who 885 00:46:32,440 --> 00:46:34,400 interviewed the most influential Zoomer honors. 886 00:46:34,760 --> 00:46:37,920 There you go it. Just quickly reflects you you, 887 00:46:37,960 --> 00:46:41,720 you said Rasmere that picked my memory when we when we did the 888 00:46:41,720 --> 00:46:44,720 clip of that like 13 year old kid who who flipped off the 889 00:46:44,720 --> 00:46:47,160 camera and rugged his coin. And he met with. 890 00:46:47,400 --> 00:46:49,760 All of the I call it his audition tape for the LA Vape 891 00:46:49,760 --> 00:46:51,480 cabal. And then Rasmere met up with the 892 00:46:51,480 --> 00:46:53,320 kid. That was so funny. 893 00:46:54,640 --> 00:46:56,920 So funny, Like it's it? Like he's the new protege. 894 00:46:57,160 --> 00:46:59,440 These guys catch too much slack, but it's normal. 895 00:46:59,440 --> 00:47:00,840 Like dude, like what do you expect? 896 00:47:00,840 --> 00:47:02,720 You're like him. You're doing all these trades 897 00:47:02,720 --> 00:47:04,600 you have in the audience. Like this is like name of the 898 00:47:04,600 --> 00:47:06,960 game. Like this is like rookie like, 899 00:47:07,240 --> 00:47:09,600 like it's like. Can we bring up this poster? 900 00:47:09,600 --> 00:47:11,560 I just really want. To this happened to me every 901 00:47:11,560 --> 00:47:13,520 day. By the way, they just burned 902 00:47:13,520 --> 00:47:16,960 $150 million worth of Pengu breaking news. 903 00:47:17,160 --> 00:47:22,520 Oh, the claim ended, Yeah. Yeah, just now 13% Wow, 13.6% of 904 00:47:22,520 --> 00:47:24,480 supply was just burnt. We pumping. 905 00:47:25,240 --> 00:47:28,920 Spencer probably going nuts. Spencer Spencer Ventures 906 00:47:30,120 --> 00:47:31,160 Spencer. Percent. 907 00:47:32,240 --> 00:47:33,640 It's still down, but I don't know. 908 00:47:33,640 --> 00:47:34,880 I mean, I'm bullish too, kind of people. 909 00:47:34,880 --> 00:47:38,480 Need to reprice like need to come to terms with how Solana 910 00:47:38,480 --> 00:47:41,080 meme coins have repriced right I've said this in the chat when 911 00:47:41,080 --> 00:47:44,440 Enron came out and it was like a 500 million yeah it's true 912 00:47:45,000 --> 00:47:48,840 fartcoin is A7 is 650 and that's like the fifth biggest meme in 913 00:47:48,840 --> 00:47:50,760 all of all of. On Solana right now. 914 00:47:51,720 --> 00:47:55,120 Here, here is it's happening. Sorry, I didn't mean to cut you. 915 00:47:55,160 --> 00:47:58,000 Off I was to say only Trump and and Bonk are above a billion. 916 00:47:58,320 --> 00:48:00,960 That's true. Everyone's just looking for 917 00:48:00,960 --> 00:48:04,080 these bundled coins and like, oh, can this push higher? 918 00:48:04,080 --> 00:48:06,640 Because it's actually only got 10% float. 919 00:48:07,720 --> 00:48:10,720 I think that that's the only way you can like look at Enron at 920 00:48:10,720 --> 00:48:14,400 600 million and think that there's any chance ever that you 921 00:48:14,400 --> 00:48:16,080 could hit the buy button. Yeah. 922 00:48:16,280 --> 00:48:19,720 This is actually only 60 because it's 90% bundle. 923 00:48:19,960 --> 00:48:22,040 No, it's not because the team is actively selling. 924 00:48:23,920 --> 00:48:27,560 Yeah, 100%. No, I agree. 925 00:48:27,560 --> 00:48:30,440 What did you want to bring up Mendel before? 926 00:48:30,440 --> 00:48:33,040 I wanted to see the poster. I thought we should we should 927 00:48:33,040 --> 00:48:35,560 analyze this I've seen. It enough dude like you just. 928 00:48:35,600 --> 00:48:39,800 I want to see it as a group. It's ABO Gen. cooked. 929 00:48:39,800 --> 00:48:40,920 She's probably listening to the show. 930 00:48:40,920 --> 00:48:42,720 She really cooked with that one. Where is it? 931 00:48:43,400 --> 00:48:46,520 I just really enjoyed it. I think it's really cool, no? 932 00:48:48,720 --> 00:48:50,880 You look like Jesus. I've been. 933 00:48:51,440 --> 00:48:52,840 Told. What is? 934 00:48:53,040 --> 00:48:56,560 What is? That that's his when he went to 935 00:48:56,560 --> 00:48:59,080 the gala, right for Trump, that he had this outfit. 936 00:48:59,280 --> 00:49:01,520 Yeah, the gala. He always uses this picture. 937 00:49:01,520 --> 00:49:02,920 I thought it was hilarious to use it here. 938 00:49:02,920 --> 00:49:04,040 Oh. My goodness. 939 00:49:04,400 --> 00:49:06,400 Little LA Vape Cabal mention here. 940 00:49:06,600 --> 00:49:09,360 Guys, hang this poster in in my house. 941 00:49:09,840 --> 00:49:11,600 Yeah. Can I can we all get a copy of 942 00:49:11,600 --> 00:49:14,480 that? Is it isn't it a bag or poster? 943 00:49:14,640 --> 00:49:17,080 OK, Jen, like it looks like we OK, so I'm going to remove the 944 00:49:17,080 --> 00:49:19,600 time here and I'm going to make you guys a poster, like a 945 00:49:19,600 --> 00:49:21,040 physical poster and send you guys. 946 00:49:21,560 --> 00:49:23,480 OK, I'll do that. Please, it looks like an album 947 00:49:23,480 --> 00:49:25,120 cover. I mean, we can't send shit to 948 00:49:25,120 --> 00:49:26,840 Portugal, so maybe I'll bring it to France. 949 00:49:26,840 --> 00:49:27,560 No, you. Can't. 950 00:49:28,320 --> 00:49:30,280 Send something to Portugal. Get there in seven years. 951 00:49:30,720 --> 00:49:32,520 Will be the best way. Dude, you, you know what's 952 00:49:32,520 --> 00:49:33,920 crazy? You still haven't received that 953 00:49:33,920 --> 00:49:35,320 cable I sent you like four years ago? 954 00:49:35,320 --> 00:49:37,240 No, no, no, no, no. You never sent it. 955 00:49:37,680 --> 00:49:40,120 You sent it to the UK apparently. 956 00:49:40,120 --> 00:49:45,080 OK. OK, OK, OK. 957 00:49:45,400 --> 00:49:48,240 This is where we're going all. Right. 958 00:49:48,240 --> 00:49:50,240 Oh my God, are we really going to be doing this for the next 959 00:49:50,240 --> 00:49:52,080 six months? It feels, it feels like it's got 960 00:49:52,080 --> 00:49:54,000 that sort of energy, doesn't it? It feels like. 961 00:49:54,400 --> 00:49:56,720 I don't think so. I'm still hoping for. 962 00:49:58,000 --> 00:49:59,840 We are we are going to do this for next. 963 00:49:59,840 --> 00:50:01,760 Time I might take a couple months out, you know. 964 00:50:02,280 --> 00:50:05,120 Thank you for understanding. Thank you for understanding JLP 965 00:50:05,120 --> 00:50:11,040 Portuguese Portugal, Portugal Day for for all of the spring. 966 00:50:11,400 --> 00:50:12,680 Yeah, we should. We should go. 967 00:50:12,840 --> 00:50:15,120 You know what, we should go for Portuguese mode at some point 968 00:50:15,120 --> 00:50:15,720 this summer. I do. 969 00:50:15,840 --> 00:50:18,480 I do think if you come and live out here we should do a few 970 00:50:18,520 --> 00:50:21,280 shows on the road, you know, like we should go do a little 971 00:50:21,280 --> 00:50:24,760 travelling and get a car. We should do like Anthony 972 00:50:24,760 --> 00:50:26,800 Bourdain type. Shit, Yeah, exactly. 973 00:50:27,080 --> 00:50:28,880 Lots of places. We we could do. 974 00:50:29,160 --> 00:50:30,840 OK, I'm in, I'm in, I'm in, I'm in. 975 00:50:30,840 --> 00:50:33,680 I already have a whole team. We can walk the Camino together. 976 00:50:33,920 --> 00:50:35,720 There you go, Tyler, you're going to have to pull up. 977 00:50:37,120 --> 00:50:39,240 You know, Tyler, you're going to have to, you have to move to 978 00:50:39,240 --> 00:50:42,560 Portugal, even though it's a, it's AUSA super cycle. 979 00:50:42,560 --> 00:50:44,600 Honestly, I'm getting really bowled up in USA. 980 00:50:44,600 --> 00:50:47,520 I'm not going to lie. In case it didn't show already 981 00:50:47,520 --> 00:50:50,960 on the timeline, I got called a radical the other day. 982 00:50:50,960 --> 00:50:54,320 I I apparently Trump radicalized me to hate Canada. 983 00:50:54,640 --> 00:50:57,360 That's what I was told. But I love Canada, dude. 984 00:50:58,320 --> 00:51:00,720 But if they want to trade Rasmere for me, like Doncic and 985 00:51:01,120 --> 00:51:04,360 Anthony Davis, you can, you know, you know, me being Doncic, 986 00:51:04,360 --> 00:51:08,360 of course, you know, yeah, I'm hitting my prime 30s, you know, 987 00:51:09,040 --> 00:51:13,400 Anyways, you know, technically speaking, Vanessa can claim an 988 00:51:13,400 --> 00:51:15,320 American passport. She's her mom's born and raised 989 00:51:15,320 --> 00:51:17,920 in Atlanta, so. Is that how it works? 990 00:51:18,600 --> 00:51:21,320 She's she technically, yeah, yeah, because she was like the 991 00:51:21,320 --> 00:51:24,840 soil, like it's like, it's like the French right from blood I. 992 00:51:25,200 --> 00:51:28,160 Actually. Just didn't know the song. 993 00:51:28,160 --> 00:51:29,840 You know the song, the blood anyways.