1 00:00:05,160 --> 00:00:10,640 Good morning, good morning everyone, GMGM and welcome to 2 00:00:10,880 --> 00:00:16,640 another episode of FOMO. Our day due date is Thursday, 3 00:00:17,160 --> 00:00:23,600 June 26, 2025 in books. Yesterday was a huge day of 4 00:00:23,600 --> 00:00:26,240 crypto news. Crypto's going to be usable for 5 00:00:26,240 --> 00:00:30,080 collateral for housing. SpaceX shares are being 6 00:00:30,080 --> 00:00:35,200 tokenized on Solana. We've got 3 unicorns minted in 7 00:00:35,200 --> 00:00:39,200 the past two days. It's three $1 billion or higher 8 00:00:39,200 --> 00:00:42,360 crypto companies. And yet our magic Internet money 9 00:00:42,360 --> 00:00:45,600 is chopping on the day. And we are asking when will the 10 00:00:45,600 --> 00:00:48,440 summer of chop end? We're going to break it all down 11 00:00:48,480 --> 00:00:50,640 on today's show. No, for Oak, he's out all week. 12 00:00:50,640 --> 00:00:52,000 Mando will be joining us here in a bit. 13 00:00:52,000 --> 00:00:55,040 I've got Logan on with me. Logan, Jim, how you doing? 14 00:00:55,320 --> 00:00:58,440 Hey, good morning, Tyler. I'm doing well. 15 00:00:58,840 --> 00:01:02,160 Temperatures are dropping to something a bit more reasonable 16 00:01:02,240 --> 00:01:05,560 here in PA Still very hot, but a bit more reasonable. 17 00:01:05,560 --> 00:01:07,680 So things are more tolerable down here. 18 00:01:08,840 --> 00:01:10,920 Yeah, I'm feeling good. A lot of big headlines to talk 19 00:01:10,920 --> 00:01:13,360 through. A little less tolerable in in 20 00:01:13,360 --> 00:01:16,880 the Tyler D house because a couple of our AC units are out 21 00:01:17,680 --> 00:01:20,000 and had a guy come up yesterday and they're not going to be able 22 00:01:20,000 --> 00:01:22,520 to fix this till middle of next week at the earliest. 23 00:01:22,520 --> 00:01:26,040 And we've got another couple more 90° days on the horizon. 24 00:01:26,680 --> 00:01:30,440 Throwback to young Tyler, right? European Summer, Tyler. 25 00:01:31,120 --> 00:01:33,560 Well, it, it's funny, you know, like in college we didn't have 26 00:01:33,560 --> 00:01:37,680 AC in my in my dorms at Purdue. So it's just something you kind 27 00:01:37,680 --> 00:01:41,720 of get used to, but now a little less used to it these days. 28 00:01:41,720 --> 00:01:45,800 So we'll see what get the kids used to that summer heat. 29 00:01:45,800 --> 00:01:47,840 Folks, what are we talking about on today's show? 30 00:01:47,840 --> 00:01:49,680 We're going to start with the market report. 31 00:01:49,680 --> 00:01:51,880 These ETF inflows have been massive. 32 00:01:52,240 --> 00:01:55,120 July rate cutouts back up to 25%. 33 00:01:55,480 --> 00:01:58,600 White House officials teasing some Bitcoin accumulation plans 34 00:01:58,600 --> 00:02:00,880 and looks like some news out of Bloomberg here this morning. 35 00:02:00,880 --> 00:02:04,000 The GDP numbers from Q1 came in some housing numbers. 36 00:02:04,000 --> 00:02:05,520 We'll take a look at those as well. 37 00:02:05,640 --> 00:02:09,720 Circle stock under $200. The Clemente curse is too, too 38 00:02:09,720 --> 00:02:13,000 strong. As I alluded in the open, the US 39 00:02:13,000 --> 00:02:16,040 housing director telling Fannie Mae and Freddie they had to look 40 00:02:16,040 --> 00:02:18,080 at cryptos collateral. That was a big one. 41 00:02:18,360 --> 00:02:21,240 This Republic investment platform offering tokenized 42 00:02:21,240 --> 00:02:26,520 access to SpaceX, but is it the real deal Kaushi mind boggling 43 00:02:26,520 --> 00:02:29,960 $2 billion valuation in its last raise. 44 00:02:29,960 --> 00:02:33,240 We got to talk about that. The CBOE filing for that Pingu 45 00:02:33,360 --> 00:02:35,520 and Pudgy ETF, you love to see it. 46 00:02:35,520 --> 00:02:38,760 We're going to talk what the hell is this new Moonburg app 47 00:02:38,760 --> 00:02:41,880 slash AirDrop that is all over the timeline. 48 00:02:41,880 --> 00:02:45,360 And we might take a look at that Myriad board as well. 49 00:02:45,880 --> 00:02:49,600 Before we dig into it, got to give a shout out to our partner 50 00:02:49,600 --> 00:02:52,240 starting with Wallet Connect. Wallet Connect is the 51 00:02:52,240 --> 00:02:54,920 connectivity network shaping the future of on chain UX. 52 00:02:55,360 --> 00:02:57,920 If you've connected to a web app, you've seen wallet Connect 53 00:02:57,920 --> 00:03:01,640 that blue logo, it's everywhere. And I kind of trust in crypto as 54 00:03:01,640 --> 00:03:03,400 recognizable as Visa at the checkout. 55 00:03:03,400 --> 00:03:06,640 If you want to learn more, follow at Wallet connect on X 56 00:03:06,640 --> 00:03:09,040 and Telegram to stay ahead of what's next. 57 00:03:09,200 --> 00:03:13,600 And Kraken Pro gives active traders exactly what they need. 58 00:03:13,600 --> 00:03:17,200 Deep liquidity, full customization and 350 plus 59 00:03:17,200 --> 00:03:19,480 trading pairs. Build your own layout with drag 60 00:03:19,480 --> 00:03:22,560 and drop modules and trade seamlessly across desktop or 61 00:03:22,560 --> 00:03:26,480 mobile. Go to pro.kraken.com and trade 62 00:03:26,480 --> 00:03:29,440 without trade-offs. And folks, before we we jump in, 63 00:03:29,440 --> 00:03:32,640 we got to talk about this news out of Kraken and they are our 64 00:03:32,640 --> 00:03:34,920 partner here. They're launching this crack 65 00:03:34,920 --> 00:03:40,200 app, crack free global payments across 160 countries spanning 66 00:03:40,200 --> 00:03:46,080 crypto, stables and Fiat up to 10% yield on your holdings 67 00:03:46,360 --> 00:03:49,720 spending globally. The other new crack credit card, 68 00:03:50,280 --> 00:03:54,080 it's basically Venmo with crypto and and better yield. 69 00:03:54,080 --> 00:03:56,440 I think that's my interpretation of the slogan. 70 00:03:56,680 --> 00:03:59,280 We were kind of going a little bit back and forth on this one. 71 00:03:59,280 --> 00:04:04,560 Curious for your reactions to the the news out of crack in 72 00:04:04,600 --> 00:04:06,600 here. Yeah, Venmo is is sort of what I 73 00:04:06,600 --> 00:04:09,800 like and did too as well before I got a chance to dig in too 74 00:04:09,800 --> 00:04:12,720 deeply to it. But downloaded just, you know 75 00:04:12,720 --> 00:04:15,800 separate mobile app available I believe in both iOS and Android 76 00:04:15,800 --> 00:04:18,959 stores downloaded it works you know connected with your crack 77 00:04:18,959 --> 00:04:22,400 in account. So that's nice I think. 78 00:04:22,400 --> 00:04:25,800 Yeah, this is is interesting to me because as we were chatting 79 00:04:25,800 --> 00:04:28,480 through the the case here I was like well how is this really 80 00:04:28,480 --> 00:04:31,200 that different? But the biggest unlock, I think 81 00:04:31,200 --> 00:04:34,560 actually, as they're sort of alluding to in the teaser video 82 00:04:34,560 --> 00:04:38,160 here, is the ability to sort of pay people in Fiat or, you know, 83 00:04:38,720 --> 00:04:42,320 crypto as well, right from kind of an existing crypto balance. 84 00:04:42,680 --> 00:04:44,600 You know, so you have you have pieces of this that are 85 00:04:44,600 --> 00:04:47,920 available in different ways. You know, you can send crypto, 86 00:04:47,920 --> 00:04:49,880 of course, just via your crypto wallets. 87 00:04:50,120 --> 00:04:53,880 You can send Fiat via normal Fiat things like Venmo or Cash 88 00:04:53,880 --> 00:04:56,080 App or whatever. But the connection of the two of 89 00:04:56,080 --> 00:04:58,600 them, to my knowledge, really hasn't been done before. 90 00:04:58,600 --> 00:05:00,480 And I think that's what this is kind of unlocking. 91 00:05:00,480 --> 00:05:05,200 Is that how you understand it? It is, I think there's a, when 92 00:05:05,200 --> 00:05:08,600 you were chatting, you raised an interesting question of, of why 93 00:05:08,600 --> 00:05:14,040 is this a, a separate app? Like, why not just do all in one 94 00:05:14,040 --> 00:05:18,040 with Kraken the, the broader platform and, and making that an 95 00:05:18,040 --> 00:05:19,400 app? And I actually do see the 96 00:05:19,400 --> 00:05:23,680 distinction of why they may have chosen to do it this way. 97 00:05:23,680 --> 00:05:28,640 Like, let's say Kraken is your crypto bank and let's say you 98 00:05:28,640 --> 00:05:33,280 hold a decent chunk of your capital in your cracking 99 00:05:33,280 --> 00:05:34,960 account. I, I can see a world where you 100 00:05:34,960 --> 00:05:41,680 don't want that as a payment app available on your phone and a 101 00:05:41,680 --> 00:05:47,960 little bit of a, a separation of of holdings where perhaps you 102 00:05:47,960 --> 00:05:49,880 hold a smaller balance. You know, something's kind of 103 00:05:49,960 --> 00:05:53,720 get you through day, day-to-day, week to week in this app, but a 104 00:05:53,720 --> 00:05:57,920 little bit less concern over like your entire balance being 105 00:05:57,920 --> 00:06:01,960 exposed to this payments app. So I, I totally see that use 106 00:06:01,960 --> 00:06:04,880 case for it. I think what, what jumped out to 107 00:06:04,880 --> 00:06:10,400 both of us was the yield. And I think I'll be surprised if 108 00:06:10,400 --> 00:06:12,920 they don't lean heavier into that because that also feels 109 00:06:12,920 --> 00:06:14,680 like one of the biggest differentiators, right? 110 00:06:15,000 --> 00:06:18,040 Four to 10%. I was scrolling through the 111 00:06:18,040 --> 00:06:19,800 announcement here just before the show. 112 00:06:19,800 --> 00:06:22,760 I didn't have a chance to do a super deep dive because this was 113 00:06:22,760 --> 00:06:28,000 fairly breaking news. All right, So as I see this, so 114 00:06:28,000 --> 00:06:31,400 you can send, I wonder if you send Bitcoin if it's if it gets 115 00:06:31,400 --> 00:06:35,240 converted to USD or if the other person gets into Bitcoin. 116 00:06:35,240 --> 00:06:40,360 I want to take a look at that earn up to 10% rewards 117 00:06:40,360 --> 00:06:43,000 automatically. I thought I saw a table breaking 118 00:06:43,000 --> 00:06:47,320 that down. Let's see yeah, here they are 4 119 00:06:47,320 --> 00:06:49,320 to 10%. They compared to Ben MO Cash App 120 00:06:49,640 --> 00:06:53,760 and others, so significantly higher yield than some of these 121 00:06:53,800 --> 00:06:55,520 other payment apps. So that's a pretty big 122 00:06:55,520 --> 00:06:58,600 differentiator for them. I think also somewhat buried in 123 00:06:58,600 --> 00:07:02,040 this, I mean all these we're getting a lot of credit cards. 124 00:07:16,600 --> 00:07:20,280 These crypto credit cards are the are the differentiator or 125 00:07:20,280 --> 00:07:24,520 are the hot new thing rather and looks like Kraken is is betting 126 00:07:24,520 --> 00:07:28,800 on those as well. So payments app, yield, credit 127 00:07:28,800 --> 00:07:32,840 card, love to see that out of our partner Kraken. 128 00:07:32,840 --> 00:07:34,200 So we'll be following that along. 129 00:07:34,200 --> 00:07:35,800 I was talking with Faro ahead of the show. 130 00:07:36,120 --> 00:07:38,440 He jumped into debt. Hopefully, we get someone from 131 00:07:38,440 --> 00:07:43,080 the Kraken team on the show and we can dig deeper into all this 132 00:07:43,080 --> 00:07:46,840 here in the next week or so. So stay tuned for that. 133 00:07:47,080 --> 00:07:50,000 Well, let's just get right into the market report. 134 00:07:50,000 --> 00:07:52,480 I'm sure Mando will be joining us shortly. 135 00:07:52,480 --> 00:07:56,760 I'll do my best Mando impression here for us this morning. 136 00:07:57,120 --> 00:08:04,600 Bitcoin holding up? Sorry, I didn't mean to cut you 137 00:08:04,600 --> 00:08:10,240 off there. Much cleaner with the with the 138 00:08:10,240 --> 00:08:14,160 intro music certainly thank you for that Sims Bitcoin down 1% on 139 00:08:14,160 --> 00:08:20,760 the day at one O 7 KE 2425 down a percent or so Solana down 4 140 00:08:20,760 --> 00:08:24,360 percent 142 is lagging here memes. 141 00:08:24,360 --> 00:08:25,480 I checked the meme board this morning. 142 00:08:25,480 --> 00:08:27,520 It's actually a bit of a bloodbath. 143 00:08:27,520 --> 00:08:31,160 So memes down 3 to 5% going across the board. 144 00:08:31,280 --> 00:08:36,120 Rough day for memes and all, just kind of broadly still a a 145 00:08:36,120 --> 00:08:42,039 bit of chop after some recent rebound on more macro news 146 00:08:42,039 --> 00:08:43,400 there. There were a few data points 147 00:08:43,400 --> 00:08:47,360 that came in. So one, we had USQ. 148 00:08:48,000 --> 00:08:51,800 One final GDP numbers came in. I think originally they came out 149 00:08:51,840 --> 00:08:59,360 -0.2%, now -0.5%. So those were revised down. 150 00:08:59,360 --> 00:09:04,760 Of course, now all eyes will be on Q2, which is ending here in 151 00:09:04,760 --> 00:09:07,840 four days. If Q2 is negative, that would 152 00:09:08,280 --> 00:09:13,720 mean recession. I think most are projecting that 153 00:09:13,960 --> 00:09:17,480 we will be positive in Q2. Let's actually take a look at 154 00:09:17,480 --> 00:09:22,760 that recession market that has caught a decent roller coaster. 155 00:09:22,760 --> 00:09:27,440 So this was up to 65% in early May coming out of the back of 156 00:09:27,440 --> 00:09:32,240 liberation Day, back at 28% now. So folks are expecting us to be 157 00:09:32,360 --> 00:09:37,960 positive here for Q2. We will certainly see no days 158 00:09:37,960 --> 00:09:42,440 and weeks to come. Jobless claims last week came in 159 00:09:42,880 --> 00:09:46,520 slightly under that's positive. I thought this was, I saw an 160 00:09:46,520 --> 00:09:48,560 interesting one on, on the housing. 161 00:09:48,560 --> 00:09:51,880 Just going through the list here, US 5 to 30 yield curve 162 00:09:51,960 --> 00:09:54,280 steepest since 2021. That's not great. 163 00:09:56,040 --> 00:09:59,840 Trump commenting on the Iran uranium and where that is. 164 00:09:59,840 --> 00:10:02,640 I think we've seen some conflicting reports on that 165 00:10:02,880 --> 00:10:06,120 pending home sales in May, 1.8% versus 0.1. 166 00:10:06,120 --> 00:10:09,080 So that was a bit of a surprise just because in general, we've 167 00:10:09,080 --> 00:10:11,840 seen more chatter about the housing market being fairly soft 168 00:10:11,840 --> 00:10:14,880 right now, which lines up to to what I've been seeing 169 00:10:15,480 --> 00:10:20,360 anecdotally as well. With all that said, stocks are 170 00:10:20,360 --> 00:10:23,880 green again. Stocks are green just about 171 00:10:23,880 --> 00:10:26,720 every day it it seems. Let's take a look at the S and 172 00:10:26,720 --> 00:10:30,360 Pi. Think it's nearing all time 173 00:10:30,360 --> 00:10:34,000 highs here. That's 6117. 174 00:10:34,720 --> 00:10:37,200 We are now green on the Europe 12%. 175 00:10:37,200 --> 00:10:39,400 Yeah, basically hanging out at all time highs. 176 00:10:40,080 --> 00:10:45,840 So stocks are at all time highs. Bitcoins 5 percent, 4% off all 177 00:10:45,840 --> 00:10:48,640 time high basically hanging out there as well. 178 00:10:48,640 --> 00:10:53,440 But our beloved alts are far, far, far from all time high. 179 00:10:53,600 --> 00:10:57,320 So we will see if indeed an alt season ever comes back. 180 00:10:58,200 --> 00:11:01,160 The ETS, I think we're one of the macro stories of the day in 181 00:11:01,160 --> 00:11:04,640 the crypto space. Over a billion in inflows in the 182 00:11:04,640 --> 00:11:08,800 last two sessions, I bet driving a huge majority of that. 183 00:11:08,800 --> 00:11:13,640 I, I added up just this board, just the Degen's board from June 184 00:11:13,640 --> 00:11:19,400 9th till today, 3.9 billion in that inflows into those Bitcoin 185 00:11:19,400 --> 00:11:22,720 ETFs. So the, the daily buys are 186 00:11:22,720 --> 00:11:28,000 piling in from the the ETS and Ethereum, a solid stretch here 187 00:11:28,000 --> 00:11:32,240 as well, 130 million in the last two sessions, 230 million across 188 00:11:32,240 --> 00:11:35,560 the last three. So the the size of the inflows 189 00:11:36,160 --> 00:11:39,040 on the from the ETF has been increasing. 190 00:11:39,440 --> 00:11:44,360 It certainly has been a noticeable uptick from me, but 191 00:11:44,360 --> 00:11:47,640 it is not really it's not impacting the price of our 192 00:11:47,640 --> 00:11:51,840 beloved eat though that's to say the least. 193 00:11:53,240 --> 00:11:55,920 I haven't gone through and looked at the June numbers, but 194 00:11:56,280 --> 00:12:00,600 I would guess that June, I mean, let's just do it, let's just do 195 00:12:00,600 --> 00:12:06,160 a ballpark here. Where is my so 230 million two 196 00:12:06,160 --> 00:12:12,200 5280, 406 forties. So we're talking about a billion 197 00:12:12,280 --> 00:12:18,360 most likely in that inflows for for the ETTFS in the month of 198 00:12:18,360 --> 00:12:21,080 June and this is the monthly chart. 199 00:12:23,120 --> 00:12:26,120 It's not great. Logan, any reactions? 200 00:12:27,160 --> 00:12:30,680 No, I don't. I don't even know what. 201 00:12:30,680 --> 00:12:33,000 To say I don't say anything at all, I guess is. 202 00:12:33,440 --> 00:12:36,600 Indifference. Almost like at this point we've 203 00:12:36,600 --> 00:12:38,320 become accustomed to this, right? 204 00:12:38,840 --> 00:12:42,200 Which is unfortunate, I guess, especially if you're an Etherium 205 00:12:42,200 --> 00:12:44,080 holder. The, the thing that comes to 206 00:12:44,080 --> 00:12:46,560 mind, actually, I was looking at the Myriad board this morning as 207 00:12:46,560 --> 00:12:47,960 I write my weekly piece on Thursdays. 208 00:12:47,960 --> 00:12:51,560 There's a new or newer piece that's the same as we talked 209 00:12:51,560 --> 00:12:54,200 about the Bitcoin 1115 versus 95. 210 00:12:54,840 --> 00:12:57,920 There's one now for Ethereum, which is 3000 or 2000. 211 00:12:57,920 --> 00:13:00,760 First, all I can think about when you talk about, you know, 212 00:13:00,760 --> 00:13:04,040 just those competing narratives about, you know, of course, 213 00:13:04,400 --> 00:13:06,240 plenty of inflows, but price doesn't move. 214 00:13:06,240 --> 00:13:07,280 I mean, take a look at that trend. 215 00:13:07,280 --> 00:13:09,640 Nobody can make up their mind. Feels like it might just stay at 216 00:13:09,640 --> 00:13:19,120 2400 forever. Two KE would be fairly jolted at 217 00:13:19,120 --> 00:13:22,680 this point. I mean with Bitcoin at one O 7 218 00:13:23,160 --> 00:13:27,720 so like even if Bitcoin goes back to like 98 K like man Ethan 219 00:13:27,720 --> 00:13:30,640 2000. It doesn't even, I mean, I don't 220 00:13:30,640 --> 00:13:34,640 know, it doesn't feel jolting to me because yeah, at this point, 221 00:13:34,640 --> 00:13:38,880 I, I again, it's, there's this level of like, you know, 222 00:13:39,160 --> 00:13:42,440 indifference, apathy. I I don't know what to say about 223 00:13:42,440 --> 00:13:46,480 the price of Ethereum. You know, like I got, I got 224 00:13:46,480 --> 00:13:49,080 listening to, you know, I was listening to you folks talk with 225 00:13:49,080 --> 00:13:50,640 Joe Lubin. We talked about this yesterday 226 00:13:50,640 --> 00:13:53,920 on the show as well and the S bet stuff and you know, the 227 00:13:53,960 --> 00:13:57,120 sovereign nations considering building on Ethereum. 228 00:13:57,120 --> 00:14:00,480 Like it feels like there's so many potential catalysts yet 229 00:14:00,880 --> 00:14:02,480 inflows, right? You just talk about almost a 230 00:14:02,480 --> 00:14:05,080 billion dollars in inflows, yet nothing happens price wise. 231 00:14:05,640 --> 00:14:09,400 It's that it's the like every single day is that meme with the 232 00:14:09,560 --> 00:14:12,080 stick figure, you know, the little round guy poking the 233 00:14:12,080 --> 00:14:14,800 thing and it's like, do something that's ETH. 234 00:14:15,800 --> 00:14:18,160 Well, eventually the Ethereum Foundation is going to be tires 235 00:14:18,160 --> 00:14:21,600 selling and maybe this thing will go back up. 236 00:14:21,600 --> 00:14:25,240 I like the 3K side of this. I would not bet the house on it 237 00:14:25,640 --> 00:14:27,640 to to say the least. I've been burned betting on 238 00:14:27,680 --> 00:14:33,960 Ethereum in the past, but I like 3K before 2K so interesting 239 00:14:33,960 --> 00:14:35,200 market. I think we might chat through 240 00:14:35,200 --> 00:14:40,360 some of the other markets as well here later on in the show. 241 00:14:41,560 --> 00:14:45,360 Another quick macro one from yesterday that I didn't actually 242 00:14:45,360 --> 00:14:48,600 see catch a whole lot of attention on the timeline. 243 00:14:48,600 --> 00:14:52,720 I'm looking for it now. I might just play the clip. 244 00:14:52,720 --> 00:14:56,640 I think folks, I don't know if folks will be able to hear it. 245 00:14:58,920 --> 00:15:01,320 Just bear with me and I'll repeat what he says here. 246 00:15:19,480 --> 00:15:24,200 SPR how do we follow that up with the accumulation plan? 247 00:15:25,120 --> 00:15:29,360 So I think this is one of the first times we've actually heard 248 00:15:29,400 --> 00:15:34,320 explicitly a White House official talk about a Bitcoin 249 00:15:34,320 --> 00:15:36,840 accumulation plan. Who's the official here? 250 00:15:37,920 --> 00:15:41,600 I'm actually not familiar and I didn't do a ton of digging on 251 00:15:41,600 --> 00:15:45,760 this. That was how that was the the 252 00:15:45,760 --> 00:15:49,440 title The Watcher Guru. So I'll have to dig in. 253 00:15:50,480 --> 00:15:53,720 Yeah. I didn't see this on my timeline 254 00:15:53,720 --> 00:15:58,080 at all, Tyler so. Do you think the US will 255 00:15:58,080 --> 00:16:03,400 accumulate Bitcoin in 2025? In 2025 feels I don't know, I 256 00:16:03,400 --> 00:16:09,240 mean we're already what almost halfway through It just seems 257 00:16:09,240 --> 00:16:13,520 like I don't I don't know what other things this administration 258 00:16:13,520 --> 00:16:18,200 can do in a really, really quick, you know manner like like 259 00:16:18,280 --> 00:16:21,400 he can't just sign an executive order to buy Bitcoin canny like 260 00:16:21,400 --> 00:16:24,760 I I don't think so I don't know we're we're past the executive 261 00:16:24,760 --> 00:16:27,600 order day as it feels like so I'm definitely out of the loop 262 00:16:27,600 --> 00:16:29,480 there in terms of what the capabilities are. 263 00:16:30,040 --> 00:16:33,760 It just feels like too much of A a process, like it's going to 264 00:16:33,760 --> 00:16:35,800 require a lot more work to get done. 265 00:16:35,800 --> 00:16:39,480 So I'd say no for 2025, but I fully expect that it accumulates 266 00:16:39,680 --> 00:16:41,880 at some point during the Trump administration. 267 00:16:41,880 --> 00:16:43,440 Yeah. I don't, I don't think anybody's 268 00:16:43,440 --> 00:16:45,120 really expecting otherwise, are they? 269 00:16:47,120 --> 00:16:51,480 Well, I think it's still been, I think some folks may be on the 270 00:16:51,520 --> 00:16:53,720 fence. I think a lot of folks don't 271 00:16:53,720 --> 00:16:57,000 think we'll buy it. Like I think I would say 272 00:16:57,000 --> 00:17:02,960 consensus is US will not market by Bitcoin in the Trump 273 00:17:02,960 --> 00:17:05,960 administration. I would probably on the be on 274 00:17:05,960 --> 00:17:07,319 the no side of that as well though. 275 00:17:07,319 --> 00:17:12,440 It feels like a coin flip to me. But with accumulation plan like 276 00:17:12,480 --> 00:17:15,119 mining comes into play, right? So the US spins up a mining 277 00:17:15,119 --> 00:17:18,839 operation, accumulates Bitcoin that way that counts. 278 00:17:18,839 --> 00:17:21,000 I think hey, for the Myriad team listening, I think we need a 279 00:17:21,000 --> 00:17:27,800 market on this accumulate Bitcoin in 2025 in any capacity 280 00:17:29,280 --> 00:17:32,240 beyond their current holdings. And I would be on the yes side 281 00:17:33,600 --> 00:17:38,080 of that with six months to go feels like a long time plus the 282 00:17:38,120 --> 00:17:41,880 the clock has been ticking on those 90 day plans or 100 even 283 00:17:41,880 --> 00:17:44,600 the 180 day plans, right. So the executive order, 284 00:17:44,600 --> 00:17:47,120 executive orders came out like Jan 25th, roughly. 285 00:17:47,880 --> 00:17:54,360 So July, we're about a month out from those. 286 00:17:54,960 --> 00:17:58,040 Maybe it takes a few months to get operational, but I feel like 287 00:17:58,040 --> 00:17:59,920 this admin also moves pretty quickly. 288 00:18:00,760 --> 00:18:05,760 So I don't know, I kind of like the the yes side for 289 00:18:05,920 --> 00:18:10,680 accumulation in 2025. And it wouldn't be all, it 290 00:18:10,680 --> 00:18:13,080 wouldn't be all that shocking to me if they've already been 291 00:18:13,160 --> 00:18:17,960 covertly doing it in sub capacity, which if that, if that 292 00:18:17,960 --> 00:18:22,440 comes out as true, I think that's a, that's a 10 percent, 293 00:18:22,440 --> 00:18:28,880 15% Bitcoin candle in one day. If we get that, another headline 294 00:18:28,880 --> 00:18:32,280 that we had from yesterday that I think folks thought might move 295 00:18:32,280 --> 00:18:38,200 markets more than it did. This U.S. housing chief comes 296 00:18:38,200 --> 00:18:42,040 out and says, hey, we ordered Fannie Mae, Freddie Mac. 297 00:18:42,040 --> 00:18:47,360 You now have to look at crypto as collateral when evaluating 298 00:18:47,360 --> 00:18:51,320 mortgage applications. This is from director William 299 00:18:51,320 --> 00:18:54,680 Poulte. He's framing A broader move 300 00:18:54,880 --> 00:18:57,000 aligned with the Trump administration vision. 301 00:18:57,000 --> 00:18:59,040 The worst sparks mixed reactions. 302 00:18:59,040 --> 00:19:01,240 I actually haven't seen a whole lot of mixed reactions. 303 00:19:01,240 --> 00:19:03,760 I guess the the criticism I have seen. 304 00:19:04,000 --> 00:19:09,440 As I understand it, this is just crypto assets that are custody 305 00:19:09,440 --> 00:19:14,440 trying to I don't know if you've got to the fine details of this 306 00:19:14,440 --> 00:19:15,600 one. I'm trying to scan through this 307 00:19:15,600 --> 00:19:18,200 article now to see what qualifies. 308 00:19:18,200 --> 00:19:22,080 I don't believe self custody Bitcoin held in cold cold 309 00:19:22,080 --> 00:19:23,840 storage for instance counts as this. 310 00:19:24,320 --> 00:19:26,840 So perhaps it's evaluating Coinbase assets. 311 00:19:26,840 --> 00:19:32,440 I think it would certainly count your I bet held in a a banking 312 00:19:32,440 --> 00:19:35,360 account or investment account. Not sure if you have any more 313 00:19:35,360 --> 00:19:36,960 details or just broader reactions down. 314 00:19:37,440 --> 00:19:39,720 Now, well, this is the really interesting one to me. 315 00:19:39,720 --> 00:19:41,800 I sent this to my fiance yesterday. 316 00:19:41,800 --> 00:19:44,520 I, I, of course, I'm not a a home owner. 317 00:19:44,560 --> 00:19:47,520 I never have been, never really even started the process, but 318 00:19:47,520 --> 00:19:51,680 it's an interesting one just in terms of preparation. 319 00:19:51,680 --> 00:19:53,720 Should that you know, that that's like an actually an 320 00:19:53,720 --> 00:19:57,960 important bullet point for me, right, to potentially have in in 321 00:19:57,960 --> 00:20:01,160 our holster if and when we start to look for a house. 322 00:20:01,520 --> 00:20:04,560 So I don't know too much about the actual process just because 323 00:20:04,560 --> 00:20:06,680 I'm so new to, you know, never have done it. 324 00:20:08,480 --> 00:20:10,560 I don't know what else to say. Those the things that I was 325 00:20:10,560 --> 00:20:13,280 thinking about, given my lack of experience here, the things that 326 00:20:13,280 --> 00:20:17,360 I was thinking about about this in in in its entirety is like 327 00:20:17,880 --> 00:20:21,080 something like this. Feels like one of those big 328 00:20:21,080 --> 00:20:24,440 moments to me where we start to intertwine crypto with 329 00:20:24,440 --> 00:20:28,640 traditional finance so much that you can't walk it back. 330 00:20:28,640 --> 00:20:30,480 You know what I mean? We've talked about from time to 331 00:20:30,480 --> 00:20:33,040 time, like some of the political stuff potentially being walked 332 00:20:33,040 --> 00:20:35,560 back because of the disdain for Trump and the personal 333 00:20:35,560 --> 00:20:37,920 enrichment. This feels like one of those big 334 00:20:37,920 --> 00:20:41,240 things and continued adoption with banks, right? 335 00:20:41,360 --> 00:20:42,840 You know, just embracing crypto as well. 336 00:20:42,840 --> 00:20:46,400 Like this feels like one of those big things that you just 337 00:20:46,400 --> 00:20:50,040 if if it gets too far down the road, no one can really stop it 338 00:20:50,040 --> 00:20:53,080 from continuing moving forward. That's how I was thinking about 339 00:20:53,080 --> 00:20:56,680 this from my really limited perspective on exactly the 340 00:20:56,680 --> 00:20:59,040 mortgage process. I was kind of thinking, you 341 00:20:59,080 --> 00:21:01,560 know, bigger picture, like, hey, this feels like a really big win 342 00:21:01,560 --> 00:21:04,760 for crypto and less so about like, how will my far coin help 343 00:21:04,760 --> 00:21:10,000 me buy a house? One quick take away, Fart Coin 344 00:21:10,000 --> 00:21:12,800 was referenced the most in all of the jokes and in all of the 345 00:21:12,800 --> 00:21:14,360 shit posts. It's like now I can use Fart 346 00:21:14,360 --> 00:21:15,880 Coin's cloud. I think Amanda went viral 347 00:21:15,880 --> 00:21:18,040 actually. I went viral for that yeah, I 348 00:21:18,040 --> 00:21:23,240 didn't I I it's my second time going viral in a month. 349 00:21:23,720 --> 00:21:29,400 I was surprised but yeah it's fart coin fart coin 350 00:21:29,520 --> 00:21:32,560 classicalized houses feels like the the next move. 351 00:21:33,480 --> 00:21:35,800 I, I think this is just natural though, right? 352 00:21:35,800 --> 00:21:39,880 Like this is great, but I would say that the majority of my net 353 00:21:39,880 --> 00:21:43,400 wealth is in crypto and I would say that that's going to be and 354 00:21:43,440 --> 00:21:48,120 it, it may just be in in stable coins, right like so the idea 355 00:21:48,120 --> 00:21:53,040 that that wouldn't be counted, I think is missing the point. 356 00:21:53,040 --> 00:21:56,800 So I do think it's it is naturally going to happen. 357 00:21:56,960 --> 00:22:01,160 It's naturally going to happen as all these Gen. 358 00:22:01,160 --> 00:22:07,680 X people, millennials start to go up and a lot of their wealth 359 00:22:07,680 --> 00:22:10,440 is in crypto or crypto adjacent, let's say. 360 00:22:10,440 --> 00:22:12,480 I think we this is going to need to happen, right? 361 00:22:12,480 --> 00:22:15,440 Like I've had conversations with banks around this in Europe and 362 00:22:15,480 --> 00:22:17,320 it feels like Europe is, is quite a way off. 363 00:22:18,520 --> 00:22:22,960 But but yeah, you definitely the US doing this is definitely a 364 00:22:22,960 --> 00:22:26,200 good thing. Yeah, a couple thoughts on on my 365 00:22:26,200 --> 00:22:28,080 end. One, I think some folks may be 366 00:22:28,080 --> 00:22:33,080 confusing about exactly what this means and I think the word 367 00:22:33,080 --> 00:22:36,880 collateral was thrown around. So this is not with this is not 368 00:22:37,080 --> 00:22:41,200 directing them to actually take your fart coin as collateral for 369 00:22:41,200 --> 00:22:43,720 a mortgage. The primary collateral is the 370 00:22:43,720 --> 00:22:46,480 house itself. So that's how mortgages work. 371 00:22:46,800 --> 00:22:49,240 But like what this actually means is they were going to 372 00:22:49,240 --> 00:22:52,000 evaluate crypto as a part of your overall net wealth when 373 00:22:52,000 --> 00:22:56,360 evaluating your readiness to be lent to yes or no. 374 00:22:56,360 --> 00:22:59,200 So when a bank makes the binary decision, are we going to lend 375 00:22:59,200 --> 00:23:02,440 to you yes or no? And then the next decision, what 376 00:23:02,440 --> 00:23:03,720 kind of rate should we offer you? 377 00:23:04,040 --> 00:23:08,440 How high up are we going to approve you to, to go in, in 378 00:23:08,440 --> 00:23:10,840 purchasing a house? That's where this comes into 379 00:23:10,840 --> 00:23:12,800 play. So I think that is, is a key 380 00:23:12,800 --> 00:23:15,120 differentiator. I personally just went through 381 00:23:15,120 --> 00:23:17,520 this process and I, I sit on the show, I don't want to be a dead 382 00:23:17,520 --> 00:23:19,360 horse. They didn't look at, at crypto 383 00:23:19,360 --> 00:23:22,280 at all in evaluating our net worth. 384 00:23:22,280 --> 00:23:24,760 I think the Cyrus example is even more telling. 385 00:23:24,760 --> 00:23:26,960 So Cyrus is a guy who I think he's been pretty public. 386 00:23:26,960 --> 00:23:29,920 He's had some very good success in the crypto market. 387 00:23:29,920 --> 00:23:34,960 That is his kind of primary net worth, I think it's fair to say. 388 00:23:35,680 --> 00:23:38,160 And he's been talking about going through buying a house and 389 00:23:38,160 --> 00:23:42,760 they didn't even look at it, even though he has crypto 390 00:23:42,760 --> 00:23:46,680 holdings per him worth multiples of the house that he was looking 391 00:23:46,680 --> 00:23:49,320 to buy. So that is just like an obvious 392 00:23:49,320 --> 00:23:51,120 problem, right? Especially as Mando's point, 393 00:23:51,120 --> 00:23:53,880 he's holding some of that in stables, he's holding some of 394 00:23:53,880 --> 00:23:56,720 that in more stable crypto assets like like Bitcoin. 395 00:23:57,800 --> 00:24:02,000 So that's going to be fixed. We are correcting that horse. 396 00:24:02,000 --> 00:24:07,400 I think a lot of folks thought this would be perhaps a catalyst 397 00:24:07,440 --> 00:24:10,960 for near term price action. It it clearly wasn't. 398 00:24:11,000 --> 00:24:14,320 But I do think it's one of those that just makes it easier to 399 00:24:14,320 --> 00:24:17,240 hold on a longer term time horizon. 400 00:24:17,240 --> 00:24:19,800 So still bullish, but doesn't mean we're going to jump 401 00:24:19,800 --> 00:24:24,960 TO110120K overnight. Well, Mando, we kind of just, we 402 00:24:24,960 --> 00:24:28,240 jumped into the market report, but love having you on with us. 403 00:24:29,360 --> 00:24:34,040 If anything jumped out to you at a high level, big takeaways from 404 00:24:34,040 --> 00:24:37,640 the past 24 hours or so it. It's, it kind of reminds me of 405 00:24:37,640 --> 00:24:41,120 what I said I thought would happen, which is that the next 406 00:24:41,120 --> 00:24:46,080 leg of this was probably that we, we drop a little bit and 407 00:24:46,160 --> 00:24:48,080 that the better stuff would kind of rise. 408 00:24:48,080 --> 00:24:51,760 And I think that's what we've kind of seen like a lot of do 409 00:24:51,760 --> 00:24:55,960 you look through alt coins, a lot of stuff that had that short 410 00:24:55,960 --> 00:25:01,320 squeeze feeling about it has dropped and kind of the the 411 00:25:01,320 --> 00:25:06,400 majors feel OK, You know, Bitcoin feels fine, E feels 412 00:25:06,400 --> 00:25:11,320 fine, hype feels fine. Even Solana like hasn't really 413 00:25:11,320 --> 00:25:14,240 fallen out of bed, so to speak. But like a lot of the other 414 00:25:14,240 --> 00:25:18,640 stuff has dipped that lower. And that's kind of across the 415 00:25:18,640 --> 00:25:22,760 board for like memes and, and for altcoins. 416 00:25:22,760 --> 00:25:27,040 So Bitcoin dominance, despite Bitcoin, ETH outperforming 417 00:25:27,040 --> 00:25:28,760 today. So ether's outperformed, but 418 00:25:28,760 --> 00:25:33,600 Bitcoin dominance is higher again, because it's all the 419 00:25:33,600 --> 00:25:36,720 other alts that have kind of underperformed here. 420 00:25:37,000 --> 00:25:40,800 So which is it's it's interesting to say this is kind 421 00:25:40,800 --> 00:25:44,760 of what I've been saying that I think that I don't know if we 422 00:25:44,760 --> 00:25:47,360 count ETH as an alt, but I feel like we could have like a season 423 00:25:47,360 --> 00:25:50,720 here where Bitcoin and ETH do well, not just Bitcoin this 424 00:25:50,720 --> 00:25:53,520 time. But I'm I'm very unsure about 425 00:25:53,520 --> 00:25:56,600 the rest of the old coins like the the others index. 426 00:25:56,600 --> 00:25:59,840 I think is a is a dangerous one to assume will go higher because 427 00:26:00,320 --> 00:26:05,520 because E does OK. Man, this Bitcoin dominance 428 00:26:05,520 --> 00:26:07,360 chart does not look like it wants to slow down. 429 00:26:08,320 --> 00:26:09,480 I guess I haven't looked at this. 430 00:26:10,360 --> 00:26:12,320 How crazy is that? Like in a day where ETH is 431 00:26:12,320 --> 00:26:16,200 outperforming that it's going high, that tells you that alts 432 00:26:16,360 --> 00:26:22,880 are getting destroyed. I think Solana is a big one. 433 00:26:22,880 --> 00:26:26,040 I, I, I don't know if we've really talked about Solana as a 434 00:26:26,040 --> 00:26:32,000 trade that much in the last week, couple weeks it's been 435 00:26:32,000 --> 00:26:35,800 pretty heavy, right? Yeah, I feel like we, we've had 436 00:26:36,080 --> 00:26:40,920 a lot of positive news. So like mean coin season clearly 437 00:26:40,920 --> 00:26:43,120 has cooled off significantly, right. 438 00:26:43,120 --> 00:26:46,560 But I think we've seen a whole lot of news for Solana with 439 00:26:46,560 --> 00:26:49,480 respect to tokenization that this SpaceX announcement, which 440 00:26:49,480 --> 00:26:55,080 we'll get into, they're going to be tokenizing on Solana, yet 441 00:26:57,120 --> 00:26:59,960 we're not really seeing much in the way of the high pressure. 442 00:27:01,080 --> 00:27:03,240 Do you think news is the important thing though? 443 00:27:03,240 --> 00:27:06,000 I've been looking at Artemis for the flows and Solana's been 444 00:27:06,000 --> 00:27:07,920 continuing to see outflows, right? 445 00:27:10,280 --> 00:27:17,200 And that that is a like a medium term trend. 446 00:27:17,280 --> 00:27:29,480 It feels like I, I think like if you go onto, I'll put it into a 447 00:27:29,600 --> 00:27:33,840 show, no. Net outflows the last three 448 00:27:33,840 --> 00:27:36,320 months. Right, exactly right like that. 449 00:27:36,320 --> 00:27:38,240 That's that's what I'll be paying attention to. 450 00:27:38,560 --> 00:27:43,320 And then I, I, I think that the important thing there is, is, is 451 00:27:43,320 --> 00:27:49,920 honestly is, is also like the pump fun token, like if pump 452 00:27:49,920 --> 00:27:52,960 funk comes out and it indicates it's going to be its own chain 453 00:27:52,960 --> 00:27:56,760 and like there's a path here for, for pump chain. 454 00:27:57,320 --> 00:28:03,200 I do think that's like a bad headline for Seoul, which 455 00:28:03,400 --> 00:28:07,120 despite, and I, I have a massive respect for Solana and, and like 456 00:28:07,400 --> 00:28:11,040 it's proven itself to be incredible in terms of user 457 00:28:11,040 --> 00:28:12,880 adoption and something goes on there. 458 00:28:14,320 --> 00:28:16,400 But sometimes these narratives can shift. 459 00:28:16,400 --> 00:28:22,400 And I think I, I think you can still think that Solana should 460 00:28:22,400 --> 00:28:25,320 be like the number 3 chain, but like know that it mean just go 461 00:28:25,320 --> 00:28:26,840 through periods of like it doesn't have to always 462 00:28:26,840 --> 00:28:30,520 outperform or be the main chain. That's kind of what my view was 463 00:28:30,520 --> 00:28:34,920 on like I'm not I'm like some massive E maxi like got like not 464 00:28:34,920 --> 00:28:36,840 even anyway, like I feel like there's some massive 465 00:28:36,840 --> 00:28:38,600 deficiencies with it. But I just felt like the time 466 00:28:38,600 --> 00:28:40,880 and the place was that you're going to see inflows into the 467 00:28:40,880 --> 00:28:45,080 ETF and and you're going to have the staking and there's looked 468 00:28:45,080 --> 00:28:47,240 like there's going to be a treasuries companies kind of 469 00:28:47,240 --> 00:28:50,800 build the treasury stuff is has urged with what happened with 470 00:28:51,160 --> 00:28:53,960 sharp link. But the rest of stuff I still 471 00:28:53,960 --> 00:28:55,680 think is pretty strong with Solana. 472 00:28:55,680 --> 00:28:59,640 I feel like if you're, if you're bullish on Solana in January, 473 00:28:59,640 --> 00:29:04,480 you have to be intellectually honest and be like that stuff is 474 00:29:04,480 --> 00:29:10,360 not happening as much right now. So, and it's, it's not just like 475 00:29:10,360 --> 00:29:13,440 not happening a little bit. It's, it's, it's, it's collapsed 476 00:29:13,440 --> 00:29:16,760 a lot of the volumes there. So like the IT does have to 477 00:29:16,760 --> 00:29:22,040 rebuild itself on more of the trad fi slash payments rail idea 478 00:29:22,040 --> 00:29:23,440 than just like the gambling chain. 479 00:29:24,080 --> 00:29:29,760 And I actually think that that that sphere of influence is, is 480 00:29:29,760 --> 00:29:33,600 a bit more competitive, if I'm honest, like, whereas I think 481 00:29:33,600 --> 00:29:37,800 Salon is like obviously miles ahead for meme coins. 482 00:29:37,800 --> 00:29:41,080 And I mean, gambling essentially, like on chain 483 00:29:41,080 --> 00:29:44,200 gambling, essentially, it's not miles ahead when it comes to 484 00:29:44,200 --> 00:29:47,920 trad fire adoption of, of crypto RW as or payments. 485 00:29:48,080 --> 00:29:51,400 It's just not so. And I think that that's kind of 486 00:29:51,400 --> 00:29:54,360 what's what's happened here is that like, look at that, right? 487 00:29:58,200 --> 00:30:04,000 So. Sorry. 488 00:30:04,760 --> 00:30:08,200 Yeah, this is my view. I just, I, I, I really, I think 489 00:30:08,200 --> 00:30:13,520 Solana is better than any other youth killer, let's put it that 490 00:30:13,520 --> 00:30:15,960 way. Any of the other changes like 491 00:30:15,960 --> 00:30:16,880 this is going to be the next thing. 492 00:30:16,880 --> 00:30:19,680 I think Solana will be around like it's proven that it's going 493 00:30:19,680 --> 00:30:22,520 to be around. Like I, I think other things 494 00:30:22,520 --> 00:30:26,880 look very expensive versus Solana like other competing L 495 00:30:26,880 --> 00:30:31,880 ones, for example. But I do think that with the 496 00:30:31,880 --> 00:30:36,240 trenches gone, it's now relying on this like tradfy tokenization 497 00:30:36,240 --> 00:30:41,400 payments pitch and that one I think is a bit is they don't 498 00:30:41,400 --> 00:30:43,520 have the dominance that they had basically. 499 00:30:44,120 --> 00:30:48,880 Yeah, it's not as strong and I think that's that's very fair to 500 00:30:48,880 --> 00:30:51,760 say. Seoul does have the ETF catalyst 501 00:30:51,760 --> 00:30:53,120 coming. We don't know when. 502 00:30:54,040 --> 00:30:56,920 I think consensus is still probably Q4 though maybe a 503 00:30:56,920 --> 00:30:59,120 little higher, likely to be sooner than that. 504 00:30:59,120 --> 00:31:04,760 But even with the ETF like we've seen that, that's a good 505 00:31:04,760 --> 00:31:05,600 question. Let me see. 506 00:31:08,640 --> 00:31:13,040 Still 5050 Sol ETF to be approved by July 31st, 5050. 507 00:31:15,600 --> 00:31:21,280 Wow, 50% by the end of next month. 508 00:31:21,280 --> 00:31:23,640 That's that's higher than I would have expected. 509 00:31:23,800 --> 00:31:27,240 Yeah, same here. Yeah, clearly it's shot up 510 00:31:27,440 --> 00:31:29,360 tremendously in the last two weeks. 511 00:31:29,360 --> 00:31:32,560 So yeah, it was down to 15%. Just massive time decay on that 512 00:31:33,280 --> 00:31:36,200 now back to 50. I think because of some of the, 513 00:31:36,800 --> 00:31:43,320 the recent rhetoric, I, I think I'm on the no side of July 31st. 514 00:31:43,800 --> 00:31:48,720 If I have to bet on that market right now on the yes side, 515 00:31:48,720 --> 00:31:52,360 clearly by December 31st, which is 90% in in line with the Eric 516 00:31:52,360 --> 00:31:57,240 Balkunas odds that they shared. But even with that approval, 517 00:31:57,240 --> 00:32:00,640 you're, you're going to have the, the, the those early hiccup 518 00:32:00,640 --> 00:32:05,440 days and still broader questions of what those flows will look 519 00:32:05,440 --> 00:32:06,840 like. I do think it is somewhat 520 00:32:06,840 --> 00:32:15,800 promising if you are looking to the Etherium ETFs as a perhaps 521 00:32:15,800 --> 00:32:19,320 signal for what the salon ETF flows may look like in six 522 00:32:19,320 --> 00:32:23,080 months, 12 months, they finally start to see some size, right. 523 00:32:23,080 --> 00:32:25,040 And it was a shaky start right there. 524 00:32:25,040 --> 00:32:28,080 And there's a lot of net outflows as the grayscale 525 00:32:28,280 --> 00:32:31,960 shuffle was taking place. And then like there was periods 526 00:32:32,200 --> 00:32:35,360 time where it was just crickets. I think there was like there was 527 00:32:35,360 --> 00:32:41,280 a lot of 0 days out there. But now that has flipped. 528 00:32:41,280 --> 00:32:45,320 So I do think there's been a lot of progress in Treadfi with 529 00:32:45,320 --> 00:32:46,560 respect to the ETFs. Go ahead. 530 00:32:47,360 --> 00:32:50,120 There has been, but BlackRock has decided they're not they're 531 00:32:50,280 --> 00:32:53,920 I mean, look at this for ETH. How much of this is BlackRock? 532 00:32:56,840 --> 00:32:58,600 It's it's. On. 533 00:32:59,600 --> 00:33:02,480 Actually, basically if you look at the net across everything, 534 00:33:02,480 --> 00:33:05,440 it's it's actually everything. And BlackRock have decided not 535 00:33:05,440 --> 00:33:07,680 to do a Seoul ETF, which tells you. 536 00:33:07,680 --> 00:33:10,480 A lot. I think they're telling, and 537 00:33:10,480 --> 00:33:12,440 that's not that they don't like Seoul, in my opinion. 538 00:33:12,720 --> 00:33:15,640 Then I think the way they're saying is we've probably got a 539 00:33:15,640 --> 00:33:22,720 bit of momentum here in Eve, let's drive that home and we'll 540 00:33:22,720 --> 00:33:29,360 do a Seoul ETF, but maybe like once we have a bit more time to 541 00:33:29,360 --> 00:33:34,440 go through it. So I think Fidelity did apply 542 00:33:34,600 --> 00:33:37,320 for a Solana ETF. So they're like the number 2. 543 00:33:38,360 --> 00:33:42,920 So that like you can imagine Fidelity will do well here. 544 00:33:43,680 --> 00:33:49,320 But, and I think Invesco, yeah, Invesco filed yesterday. 545 00:33:49,320 --> 00:33:51,960 I think Bitwise have filed. So like some of the other 546 00:33:51,960 --> 00:33:54,280 players have filed, but like BlackRock is the is, is the 547 00:33:54,280 --> 00:33:58,440 daddy and they've decided not to so that and that's going to just 548 00:33:58,440 --> 00:34:01,600 read into that more of like an indication of like do they see 549 00:34:01,600 --> 00:34:05,480 demand for it from their from their fund managers at the 550 00:34:05,480 --> 00:34:08,199 moment? Yeah, very fair. 551 00:34:08,199 --> 00:34:11,639 I think it's going to take time to get the wealth managers out 552 00:34:11,639 --> 00:34:14,639 there who are already starting to say 1 to 2% of portfolios in 553 00:34:14,639 --> 00:34:18,440 the Bitcoin, maybe Bitcoin plus Ethereum to get them to open up 554 00:34:18,440 --> 00:34:19,560 the slot. It's going to take time. 555 00:34:20,600 --> 00:34:23,480 I do think there is a path to it but not immediately. 556 00:34:23,480 --> 00:34:26,120 Quick folks, the the code for today, we are doing the E action 557 00:34:26,120 --> 00:34:30,080 today and it is Pudgy and there's a reason for that folks 558 00:34:30,080 --> 00:34:35,360 on this ETF topic news out of Igloo and the CBOE. 559 00:34:35,360 --> 00:34:41,040 The CBOE has filed for that Canary Pingu ETF that is going 560 00:34:41,040 --> 00:34:45,560 to be an ETF that covers the Pingu token along with Pudgy 561 00:34:45,560 --> 00:34:51,360 Penguin NFTS, which is the the 1st of its kind to have this 562 00:34:51,360 --> 00:34:58,320 hybrid meme coin plus NFT bag. This comes after we had the the 563 00:34:58,400 --> 00:35:02,880 Penguin mascot ring the bell at NASDAQ on Monday and the 564 00:35:02,880 --> 00:35:07,720 proliferation continues. Any reactions to this one? 565 00:35:07,760 --> 00:35:10,720 A, just just the fact they were able to pull this off? 566 00:35:11,240 --> 00:35:14,600 B, Perhaps. What do we think with respect to 567 00:35:15,120 --> 00:35:20,360 inflows? I think this is really good as a 568 00:35:20,360 --> 00:35:22,480 headline. I'm I'm not sure if you'll see 569 00:35:22,480 --> 00:35:28,440 massive inflows into into it. I think you don't really see a 570 00:35:28,440 --> 00:35:29,800 big move on the back of this right. 571 00:35:29,800 --> 00:35:35,000 I remember when initially there was indicate in fact Penguins 572 00:35:35,000 --> 00:35:37,600 down. Wow, I was not expecting that. 573 00:35:40,680 --> 00:35:42,920 Yeah. Like, I, I've, I've lot, lot, 574 00:35:42,920 --> 00:35:46,160 lot of respect for Luca and what they're building over there. 575 00:35:46,160 --> 00:35:49,840 I, I think he's proving that that Pengu is around for the 576 00:35:49,840 --> 00:35:59,200 long, the long haul basically. I I think if I'm honest, the, 577 00:35:59,280 --> 00:36:01,600 the thing that I think would really send Pengu would be a 578 00:36:01,600 --> 00:36:05,360 flywheel of some sort rather than this sort of stuff because 579 00:36:05,360 --> 00:36:07,200 I think people are like, yeah, this is really bullish. 580 00:36:07,200 --> 00:36:11,760 But like we're probably seeing flows of like few million, like 581 00:36:11,760 --> 00:36:13,880 not, not like hundreds of millions for this. 582 00:36:13,880 --> 00:36:17,800 So I think the real thing would be like, right. 583 00:36:17,800 --> 00:36:19,480 Do they tie the business somehow too? 584 00:36:20,080 --> 00:36:21,360 But that's what I'd love to see from. 585 00:36:21,920 --> 00:36:24,480 If Pangu was like sore, it'd be around that. 586 00:36:25,080 --> 00:36:28,720 I feel like that's on the radar. 100% that that one, they know 587 00:36:28,720 --> 00:36:31,840 what they're doing. It is shocking though, you get a 588 00:36:31,840 --> 00:36:34,440 headline like this and I know this was somewhat telegraphed, 589 00:36:34,440 --> 00:36:35,560 right? I think they announced that this 590 00:36:35,560 --> 00:36:37,800 could be coming a few months back. 591 00:36:37,800 --> 00:36:40,320 So this is just the next step in that. 592 00:36:40,440 --> 00:36:43,360 But like we didn't even see any NF TS get bought on the back of 593 00:36:43,360 --> 00:36:47,920 this. It is a hard game in the the NFT 594 00:36:47,920 --> 00:36:53,240 streets these days, but the the pudgies still a a very comfy 595 00:36:53,240 --> 00:36:55,720 hold. I I think, to say the least. 596 00:36:55,720 --> 00:36:57,080 Well, we've only got 20 minutes left in the show. 597 00:36:57,080 --> 00:36:58,720 There's a few other big headlines that I want to get 598 00:36:58,720 --> 00:37:02,800 into. I want to talk I want to talk 599 00:37:02,800 --> 00:37:05,440 Kaushi. We'll get there in a second, but 600 00:37:05,440 --> 00:37:06,880 we got to talk to the SpaceX news. 601 00:37:07,680 --> 00:37:11,040 So I saw this from Nick Dukoff yesterday. 602 00:37:11,040 --> 00:37:14,720 He is the head of institutional growth at the Solana Foundation, 603 00:37:15,040 --> 00:37:19,560 sharing that the R SpaceX token is going to be minted on Solana 604 00:37:19,560 --> 00:37:23,440 using this Republic app. I think it, it is an investment 605 00:37:23,440 --> 00:37:24,680 app. I wasn't familiar with Republic 606 00:37:24,680 --> 00:37:29,760 before yesterday. And effectively how this is 607 00:37:29,760 --> 00:37:34,760 going to work is that it'll be they're they're calling it a 608 00:37:34,760 --> 00:37:39,680 mirror token. So Republic has exposure to 609 00:37:39,680 --> 00:37:45,400 SpaceX on the private market. They are tokenizing that 610 00:37:45,400 --> 00:37:51,320 exposure and then they are minting and selling those tokens 611 00:37:52,200 --> 00:37:56,920 on Solana. As I understand it, it is 612 00:37:57,440 --> 00:37:59,840 possible under US crowdfunding laws. 613 00:37:59,840 --> 00:38:02,720 So this is kind of falling under that crowdfunding bucket. 614 00:38:02,960 --> 00:38:06,120 Minimum of $50, maximum of of 5000 per person. 615 00:38:06,120 --> 00:38:07,840 So I thought that was an interesting cap. 616 00:38:08,400 --> 00:38:11,200 It looks like they've also got future plans to go after Open AI 617 00:38:11,200 --> 00:38:14,280 and Anthropic for future offerings. 618 00:38:15,600 --> 00:38:18,400 So again, the way it works, Republic gets access to SpaceX 619 00:38:18,400 --> 00:38:22,200 equity on the private markets. They tokenize it, investors buy 620 00:38:22,200 --> 00:38:26,120 in via the Republic app, and then you have to wait for some 621 00:38:26,120 --> 00:38:31,280 type of event, liquidity event to be able to cash out. 622 00:38:31,280 --> 00:38:35,920 So if SpaceX IP OS, if there is an additional raise, if Republic 623 00:38:35,920 --> 00:38:41,280 receives A payout, they will then pass it on to holders. 624 00:38:42,040 --> 00:38:44,560 It looks like there's going to be a 12 month lock up, but then 625 00:38:44,560 --> 00:38:49,280 it will be tradable on a secondary market. 626 00:38:50,120 --> 00:38:53,520 So I thought this was a big one. Very clearly a splashy headline. 627 00:38:54,840 --> 00:38:56,280 I think there was a bit of confusion. 628 00:38:56,280 --> 00:38:59,480 I also saw the take that this isn't real access to SpaceX. 629 00:38:59,920 --> 00:39:03,760 You're effectively buying a meme coin of SpaceX. 630 00:39:05,120 --> 00:39:08,200 Not sure I agree with that but but Logan, curious for your 631 00:39:08,200 --> 00:39:11,320 reaction as well. Yeah, that's why I actually had 632 00:39:11,320 --> 00:39:15,200 used Republic before, not for crypto related things, but just, 633 00:39:15,240 --> 00:39:18,160 you know, it offers people the opportunity to invest in like 634 00:39:18,920 --> 00:39:21,080 like start-ups, right? Like smaller start up stuff 635 00:39:21,440 --> 00:39:22,920 that's trying to get money via safes. 636 00:39:25,840 --> 00:39:29,120 I don't have a super strong feeling here. 637 00:39:29,120 --> 00:39:31,600 So the mirror token, like literally you're just gaining 638 00:39:32,240 --> 00:39:36,560 basically exposure to the price of the the current, their 639 00:39:36,960 --> 00:39:42,040 understanding of the current private share price. 640 00:39:42,200 --> 00:39:45,360 Correct, Right. So I mean, I guess if you really 641 00:39:45,360 --> 00:39:48,320 want access to SpaceX, this is awesome. 642 00:39:48,320 --> 00:39:51,320 I don't understand exactly why it matters so much for Solana. 643 00:39:53,440 --> 00:39:55,680 I don't know, like I, I don't necessarily see this is like a 644 00:39:55,680 --> 00:39:58,720 major, major bullish event for Solana, but I think for 645 00:39:58,720 --> 00:40:02,480 investors that want to have new access to different investment 646 00:40:02,480 --> 00:40:04,560 vehicles, this is definitely super cool. 647 00:40:06,280 --> 00:40:09,040 I I don't see it as like a major catalyst for Solana personally. 648 00:40:10,320 --> 00:40:12,200 Well, I think that's fair, especially if Republic's already 649 00:40:12,200 --> 00:40:17,520 been around, right. I do think tokenized access to 650 00:40:18,600 --> 00:40:20,080 private markets is very interesting. 651 00:40:21,880 --> 00:40:24,280 I've this, this is not my area of expertise. 652 00:40:24,280 --> 00:40:26,240 I was talking with Jeeves and other VCs and they think that 653 00:40:26,240 --> 00:40:28,480 there will be other and better ways to do this in the near 654 00:40:28,480 --> 00:40:32,120 future. All I know is I don't have a 655 00:40:32,120 --> 00:40:37,640 path to investing in SpaceX right now on June 26th, 2025. 656 00:40:38,720 --> 00:40:43,480 And now thanks to Republic, I will, as I understand it, and I 657 00:40:43,480 --> 00:40:44,920 actually think that is very interesting. 658 00:40:46,080 --> 00:40:48,640 And SpaceX is the type of company that I would like to 659 00:40:48,640 --> 00:40:53,240 have some exposure to as long as it is legitimate. 660 00:40:54,920 --> 00:40:55,880 Man, I'm curious for your thoughts. 661 00:40:57,240 --> 00:41:01,000 So I think there are some websites including Republic, 662 00:41:01,000 --> 00:41:03,640 which have kind of explored this with Trapfiber 4, right? 663 00:41:03,640 --> 00:41:05,600 This isn't necessarily a new concept. 664 00:41:05,600 --> 00:41:09,600 It's kind of like trading that we have like trading stuff, free 665 00:41:09,600 --> 00:41:13,800 market for random tokens like AVO does that, right? 666 00:41:13,800 --> 00:41:17,760 And a couple of other fun. I think this is, this is 667 00:41:17,760 --> 00:41:21,160 probably a good use case. I don't know if it will be like 668 00:41:22,240 --> 00:41:26,040 as liquid necessarily as people think it will be, but I do think 669 00:41:26,040 --> 00:41:27,840 it will be an interesting use case. 670 00:41:28,480 --> 00:41:32,400 And, and yeah, let's see, let's see how it does. 671 00:41:32,400 --> 00:41:43,320 Like I think this has been a continual desire from Silicon 672 00:41:43,320 --> 00:41:49,240 Valley for this sort of product, the idea of like the the way for 673 00:41:49,240 --> 00:41:55,760 founders and seed slash Series A investors to trade out of their 674 00:41:55,840 --> 00:41:59,400 positions slightly early. So naturally there's like quite 675 00:41:59,400 --> 00:42:03,000 a lot of supply from there. Maybe they think that maybe they 676 00:42:03,000 --> 00:42:05,920 think that Kryptos going to be the bar of all of this. 677 00:42:05,920 --> 00:42:08,520 And you know, maybe that is the case, like maybe we are. 678 00:42:09,080 --> 00:42:12,000 We're the exit liquidity. In a world where the exit 679 00:42:12,000 --> 00:42:16,600 liquidity for founders in Silicon Valley is actually via 680 00:42:16,600 --> 00:42:19,160 crypto markets and, and maybe there is a product market fit 681 00:42:19,160 --> 00:42:22,760 here like that's I'm not going to say no too early because I do 682 00:42:22,760 --> 00:42:27,760 think that the valuation for this will be much higher than I 683 00:42:27,840 --> 00:42:31,240 think I, I was. And I don't know this because I 684 00:42:31,240 --> 00:42:33,520 haven't looked in the last 24 hours, but I thought like people 685 00:42:33,520 --> 00:42:36,640 have spoke about SpaceX, SpaceX really being valued around 300 686 00:42:36,640 --> 00:42:40,080 billion, something like that maybe like. 350 billion, I 687 00:42:40,080 --> 00:42:44,240 didn't realize it was that high. Have you just looked at that? 688 00:42:44,680 --> 00:42:45,960 Yes. OK. 689 00:42:46,000 --> 00:42:47,640 Yeah, yeah, no, I think that's how it was. 690 00:42:48,000 --> 00:42:50,480 It was valued at its last round or something along those lines. 691 00:42:51,160 --> 00:42:54,720 So but they could value this thing at trillion like, you 692 00:42:54,720 --> 00:42:56,440 know, or maybe even higher, right. 693 00:42:57,200 --> 00:43:00,840 So and that will attract more people to come in and do this. 694 00:43:00,840 --> 00:43:03,440 And then, you know, they're like, I'm trying to think who 695 00:43:03,440 --> 00:43:05,360 are the one of the biggest firms that haven't? 696 00:43:06,800 --> 00:43:09,600 IPO Stripe. Stripe would be another example. 697 00:43:09,600 --> 00:43:13,120 Like, yeah, that's less sexy than SpaceX, though I guess 698 00:43:13,720 --> 00:43:19,160 maybe you know, XAI Twitter, These are these are companies 699 00:43:19,160 --> 00:43:23,800 that aren't public that, you know, they could people could 700 00:43:23,800 --> 00:43:27,120 tokenize as part of their stock. Again, I'm trying to think what 701 00:43:27,120 --> 00:43:31,760 other big ones. I'm sure there'll be others but 702 00:43:31,760 --> 00:43:35,400 like I guess Twitter xai. Tropic Open. 703 00:43:36,360 --> 00:43:37,840 AI Tropic will be another good one. 704 00:43:37,840 --> 00:43:41,880 Open AI would be a good one. Yeah, like maybe we see this. 705 00:43:42,240 --> 00:43:45,320 I actually, I, I'm more bullish on this as a concept than I am 706 00:43:45,320 --> 00:43:47,440 for Solana, though. I I very much agree with what 707 00:43:47,720 --> 00:43:49,240 Logan was saying. I don't think this is going to 708 00:43:49,240 --> 00:43:52,600 be something like, but I think it's could be a new use case for 709 00:43:52,600 --> 00:43:59,400 crypto BCS and and and Silicon Valley founders dumping on 710 00:43:59,400 --> 00:44:01,640 crypto people like wouldn't be the first time. 711 00:44:01,800 --> 00:44:04,400 Look. In their Nets Internet capital 712 00:44:04,400 --> 00:44:06,360 markets. This is the real. 713 00:44:06,360 --> 00:44:08,600 Internet Capital. Market it is. 714 00:44:08,840 --> 00:44:11,080 This is the real Internet capital markets. 715 00:44:11,080 --> 00:44:13,360 I mean I see it as a win win, right? 716 00:44:13,680 --> 00:44:18,000 Like crypto native investors who want access to these and don't 717 00:44:18,000 --> 00:44:21,440 have other paths, that's a win. People who are invested in these 718 00:44:21,440 --> 00:44:24,080 private markets now have more liquidity options. 719 00:44:24,720 --> 00:44:29,240 That is a win for them as well. I think it's going to take more 720 00:44:29,240 --> 00:44:32,000 than just Republic launching on Salon for us to have truly 721 00:44:32,000 --> 00:44:33,520 liquid private secondary markets. 722 00:44:33,520 --> 00:44:36,760 I'm, I'm not naive about that, but this is a step in the right 723 00:44:36,760 --> 00:44:38,760 direction. So I thought this was an 724 00:44:38,760 --> 00:44:41,200 exciting one. The other one that that you have 725 00:44:41,200 --> 00:44:47,760 to be excited by Kaushi $2 billion valuation twice the 726 00:44:47,760 --> 00:44:52,960 amount that we saw Poly market raise for just a day, just a day 727 00:44:52,960 --> 00:44:57,480 before that was fairly eye opening for me, $185 million 728 00:44:57,480 --> 00:44:59,160 raise. I believe it was led by 729 00:44:59,160 --> 00:45:03,640 Paradigm, yes. So this is a Series C valued 730 00:45:03,640 --> 00:45:08,000 them at $2 billion. I saw their CEO, the Kaushi CEO 731 00:45:08,000 --> 00:45:11,200 came out and said they've been doing about a billion dollars of 732 00:45:11,200 --> 00:45:14,320 volume a month, which is also higher than my expectations 733 00:45:14,360 --> 00:45:16,800 because that's that's right in line with what Polymarket is 734 00:45:16,800 --> 00:45:18,320 doing. I think Polymarket's a touch 735 00:45:18,720 --> 00:45:20,520 under a billion a month right now. 736 00:45:21,280 --> 00:45:23,480 I'll be honest, I thought Polymarket was seeing more 737 00:45:23,480 --> 00:45:25,280 volume than calcium. So that does surprise me. 738 00:45:25,280 --> 00:45:31,000 But perhaps it is because they are more regulated in the US and 739 00:45:31,000 --> 00:45:34,160 they are open for business. That US thing is the big one. 740 00:45:34,840 --> 00:45:37,640 If Polymarket gets that, I'm sure with the money that they're 741 00:45:37,640 --> 00:45:42,280 raising that would be their number one focus, then I think 742 00:45:42,560 --> 00:45:45,080 Polymarket would be worth a lot more than calci. 743 00:45:45,320 --> 00:45:49,000 It's also got to be some of the Fiat connection here right too. 744 00:45:49,000 --> 00:45:50,800 It's like way easier to use calci. 745 00:45:50,800 --> 00:45:52,680 They probably mark it's all on Jane. 746 00:45:53,160 --> 00:45:55,640 I've never used it so that that is hard for me to say. 747 00:45:55,880 --> 00:45:57,760 I'm pretty sure. I'm pretty sure you can. 748 00:45:57,760 --> 00:46:01,400 Just like yeah, use USD on calci. 749 00:46:02,440 --> 00:46:04,680 Yeah, House is going to change. Yeah, so. 750 00:46:04,720 --> 00:46:06,560 It's like a So it's like a betting app, Yeah. 751 00:46:06,560 --> 00:46:08,360 So it's probably easier to get deposits. 752 00:46:08,360 --> 00:46:10,080 And it's, and it's mobile and stuff. 753 00:46:10,080 --> 00:46:12,600 I mean, I assume Polymarket as Mando was just mentioning, like 754 00:46:13,280 --> 00:46:15,040 those are the things that they would be working on, right? 755 00:46:15,040 --> 00:46:17,680 Those are the easiest slam dunks to potential onboarding like 756 00:46:17,680 --> 00:46:19,120 ever. Like you get a mobile app in 757 00:46:19,120 --> 00:46:23,040 people's hands and you let them use Venmo money or whatever. 758 00:46:24,000 --> 00:46:26,720 Yeah. It's a big one. 759 00:46:26,880 --> 00:46:30,040 The prediction market proliferation continues. 760 00:46:31,520 --> 00:46:33,400 I think they are absolutely here to stay. 761 00:46:34,440 --> 00:46:36,480 I do think we're going to see more competition. 762 00:46:36,760 --> 00:46:39,440 Was in chats with a few friends. One thinks the DraftKings will 763 00:46:39,440 --> 00:46:41,880 spin up the prediction market. Why? 764 00:46:41,960 --> 00:46:44,480 Because why not? I think I've seen the other take 765 00:46:44,480 --> 00:46:48,240 that Robin Hood perhaps is going to get into this game, so won't 766 00:46:48,240 --> 00:46:50,760 be surprised if it becomes more crowded. 767 00:46:50,800 --> 00:46:54,040 But but clearly market is seeing a whole lot of value for these 768 00:46:54,040 --> 00:46:56,320 things. How many just will go after this 769 00:46:56,320 --> 00:46:59,120 for sure like these these these are essentially very similar to 770 00:46:59,120 --> 00:47:02,640 exchange to our businesses. I I would be super unsurprised 771 00:47:02,640 --> 00:47:07,440 if you start to see finance Coinbase hyper liquid bull 772 00:47:07,440 --> 00:47:10,080 consider this sort of stuff right like that. 773 00:47:10,080 --> 00:47:12,320 They would be in my top ones for, for stuff like this. 774 00:47:13,120 --> 00:47:16,520 And then, yeah, the, the, the gaming apps like you go on to 775 00:47:16,520 --> 00:47:20,000 calci like these are just like, these are just gambling apps. 776 00:47:20,120 --> 00:47:24,440 Like they, yeah, it's like a regulatory, this is, they've got 777 00:47:24,600 --> 00:47:26,040 it is like a regulatory loophole. 778 00:47:26,040 --> 00:47:28,000 But like people, if you go on there, you'd be like, OK, well, 779 00:47:28,000 --> 00:47:31,000 I get to gamble on a sports game, right. 780 00:47:31,040 --> 00:47:33,640 But it's like, because it's PvP, you're going to get it get kind 781 00:47:33,640 --> 00:47:36,480 of get around a lot of that. So I think anyone that runs an 782 00:47:36,480 --> 00:47:40,480 exchange or runs a sports book or casino in the US will be 783 00:47:40,480 --> 00:47:43,320 interested in this product and you'll see massive competition. 784 00:47:43,360 --> 00:47:50,560 I, I think calcium and and polymarket, you know, they would 785 00:47:50,560 --> 00:47:53,200 be crazy not to think that they could maybe get bought as well. 786 00:47:53,200 --> 00:47:58,440 Like, you know, they are probably knowing that there's 787 00:47:58,440 --> 00:48:01,240 going to be so much competition. I I would always consider an 788 00:48:01,240 --> 00:48:03,640 offer from somebody about getting bought. 789 00:48:04,960 --> 00:48:08,360 Absolutely. And there's another prediction 790 00:48:08,360 --> 00:48:13,640 market that we like around here. I know right when when $1 791 00:48:13,640 --> 00:48:18,040 billion raise myriad. I heard that's what Farooq is 792 00:48:18,040 --> 00:48:22,240 working on this week. Also time like Logan. 793 00:48:22,240 --> 00:48:25,040 I don't know if folks know this, but Logan writes a prediction 794 00:48:25,040 --> 00:48:29,560 market article once a week, I believe on Thursdays, where he 795 00:48:29,560 --> 00:48:31,400 goes through some of his favorite bets. 796 00:48:32,680 --> 00:48:34,280 Logie, I'm I'm pulling up the Myriad bar. 797 00:48:34,280 --> 00:48:36,040 I know you haven't started the article yet, or maybe you've 798 00:48:36,040 --> 00:48:37,840 started to think about it. It's not published yet. 799 00:48:38,480 --> 00:48:40,920 What, what, what lines jump out to you this week? 800 00:48:41,360 --> 00:48:45,920 Yeah, so as a a disclosure note, I can't recommend any bets or 801 00:48:45,920 --> 00:48:48,960 anything, but I I try to share what alpha I I possibly can 802 00:48:48,960 --> 00:48:52,640 based on interesting markets. So that comes out on Thursday 803 00:48:52,640 --> 00:48:54,640 afternoons. The things that I'm looking at 804 00:48:54,640 --> 00:48:57,320 this week. There's a handful one there at 805 00:48:57,320 --> 00:48:59,160 the bottom row. Tyler, the President Trump to 806 00:48:59,160 --> 00:49:01,000 swear again to the media before August. 807 00:49:01,200 --> 00:49:04,240 I think this is a really this is a fun market, of course, just 808 00:49:04,360 --> 00:49:08,600 spawned after the E drop the F bomb in that that little clip 809 00:49:09,640 --> 00:49:11,480 that's I believe outside the White House or something. 810 00:49:12,160 --> 00:49:15,280 But if you scroll through to the yeah, resolution criteria, this 811 00:49:15,280 --> 00:49:18,560 includes, you know, both him on camera in those public 812 00:49:18,560 --> 00:49:21,160 appearances as well as Truth Social posts. 813 00:49:22,200 --> 00:49:23,840 Yeah. And that was that was like the 814 00:49:23,840 --> 00:49:25,520 big flag for me. So yesterday as I was like 815 00:49:25,520 --> 00:49:28,240 starting to to gather data and information, I was going through 816 00:49:28,240 --> 00:49:32,680 and trying to determine how frequently, if at all he uses 817 00:49:33,040 --> 00:49:36,080 excessive language. On true social. 818 00:49:36,720 --> 00:49:38,080 It's not very popular. Yeah. 819 00:49:38,080 --> 00:49:40,400 So he doesn't actually do it too often. 820 00:49:40,400 --> 00:49:43,440 Most of the things he uses are those kind of mild words. 821 00:49:43,440 --> 00:49:47,280 He uses words like stupid and, you know, like, I don't know, 822 00:49:47,320 --> 00:49:49,280 think about all the things he's been calling Jerome Powell. 823 00:49:49,280 --> 00:49:52,320 Like, he doesn't rise to the level of dropping the F bomb. 824 00:49:52,320 --> 00:49:54,400 Like, Powell's a stupid F, You know what I mean? 825 00:49:55,000 --> 00:49:57,080 He just calls him a dummy and things like that. 826 00:49:57,080 --> 00:50:01,080 So those would not count. Nevertheless, it's still I think 827 00:50:01,080 --> 00:50:03,560 a pretty interesting market given the volatility of Trump 828 00:50:04,200 --> 00:50:06,320 and all of the things at play right now. 829 00:50:06,880 --> 00:50:11,320 You know, Israel, Iran, lots of things happening all the time 830 00:50:11,320 --> 00:50:15,160 that he could potentially go off about South, a fun market that 831 00:50:15,160 --> 00:50:17,040 I, I was looking into. And I, I think there's some 832 00:50:17,040 --> 00:50:20,520 interesting data like if you do comb through again, I think his 833 00:50:20,520 --> 00:50:23,320 last 50 to 100 posts, there was not a single one. 834 00:50:23,360 --> 00:50:26,760 I didn't go much far beyond that, but interesting on the 835 00:50:26,760 --> 00:50:29,520 last the other two that I think I'm going to write about this 836 00:50:29,520 --> 00:50:33,040 week was the one we actually we chatted about a little bit 837 00:50:33,040 --> 00:50:37,240 earlier was the Etherium 2K to 3K1, which I think is is 838 00:50:37,240 --> 00:50:40,560 interesting for a variety of reasons, right? 839 00:50:40,560 --> 00:50:45,000 You have same sort of stuff that mark the macro overhang, you 840 00:50:45,000 --> 00:50:47,440 know, potentially pushing this in One Direction or the other. 841 00:50:47,680 --> 00:50:49,520 And then you have all the other headlines we chatted about in 842 00:50:49,520 --> 00:50:51,480 the last few days. You have S bet, you know, buying 843 00:50:51,480 --> 00:50:55,760 Etherium, you have the catalysts of analysts, you know, thinking 844 00:50:55,760 --> 00:50:59,120 that these block chains, the underlying assets where there's 845 00:50:59,120 --> 00:51:02,760 actually activity may start to show some price appreciation. 846 00:51:03,280 --> 00:51:05,040 Those, you know, a little bit older headlines, but things like 847 00:51:05,040 --> 00:51:07,000 that. And the last one, of course, 848 00:51:07,000 --> 00:51:09,480 near and dear to me, but also relevant because it's coming up 849 00:51:09,480 --> 00:51:12,440 is there's a Wimbledon market that we're that we're writing 850 00:51:12,440 --> 00:51:16,600 about the men's Wimbledon winner, of course, Alcaraz and 851 00:51:16,600 --> 00:51:18,160 center the top two there in the field. 852 00:51:18,160 --> 00:51:19,920 The third option, I'm not sure where it is. 853 00:51:19,920 --> 00:51:22,080 It's there is all the way to the right there on that. 854 00:51:22,480 --> 00:51:26,280 There it is. Yep, yeah. 855 00:51:26,280 --> 00:51:29,560 So final round of qualifying today, watching off to the side 856 00:51:29,560 --> 00:51:32,160 a little bit this morning. This is another one I'll be 857 00:51:32,160 --> 00:51:35,040 writing about. Alcaraz, of course, the 858 00:51:35,040 --> 00:51:38,040 prohibited favorite as the, you know, the the reigning champion, 859 00:51:38,040 --> 00:51:41,640 just an incredible grass core player place where Sinner has 860 00:51:41,640 --> 00:51:43,680 not yet, you know, quite found his legs. 861 00:51:43,680 --> 00:51:46,720 So be interesting to see. But those are the three that I'm 862 00:51:46,720 --> 00:51:48,840 looking at this week. There's a lot more markets in 863 00:51:48,840 --> 00:51:50,880 the in the V what are we in V3 now? 864 00:51:51,080 --> 00:51:53,000 So people should definitely go check it out. 865 00:51:53,560 --> 00:51:55,280 Absolutely. Well, thanks for that rundown 866 00:51:56,800 --> 00:51:58,280 folks. We're at the top of the hour. 867 00:51:58,280 --> 00:52:01,160 It is time to do our our giveaway didn't have a chance to 868 00:52:01,520 --> 00:52:06,760 to get into Moonberg the the hottest new AirDrop that you may 869 00:52:06,760 --> 00:52:10,760 be seeing on your timeline. So perhaps we'll get into that 870 00:52:10,840 --> 00:52:14,280 on tomorrow's show. Mando, if you haven't seen that, 871 00:52:14,280 --> 00:52:18,280 you probably have some tokens. Yeah, I'm going to go check it 872 00:52:18,280 --> 00:52:19,640 out. I'm going to go check it out. 873 00:52:21,600 --> 00:52:23,120 But it's just another trading app, is it? 874 00:52:23,400 --> 00:52:25,840 That's what someone. Said I honestly don't know what 875 00:52:25,840 --> 00:52:28,520 it is. I tried to figure out what it is 876 00:52:29,120 --> 00:52:32,200 from their website. I believe it it, it's got an IAI 877 00:52:32,200 --> 00:52:34,880 and a data tie in. I understand it is a they're 878 00:52:34,880 --> 00:52:39,160 trying to be kind of a comprehensive AI driven app that 879 00:52:39,160 --> 00:52:43,720 allows you to do things, perhaps make trades, perhaps answer 880 00:52:43,720 --> 00:52:46,320 questions based on their own terminal. 881 00:52:46,320 --> 00:52:51,360 So it is kind of like an AIXPT perhaps meets Prime is the 882 00:52:51,360 --> 00:52:54,520 vision. I understand it, but they've 883 00:52:54,520 --> 00:52:58,360 been fairly secretive about what the product is. 884 00:52:58,360 --> 00:53:01,560 So we'll look for more to come. We also, we saw the flashy 885 00:53:01,560 --> 00:53:05,000 dollar amounts that various influencers, creators are 886 00:53:05,000 --> 00:53:08,200 receiving. We have no idea how that will 887 00:53:08,200 --> 00:53:12,880 actually be executed and how if that's tied to a token, if it's 888 00:53:12,880 --> 00:53:14,320 tied to TG, we're not really sure. 889 00:53:14,440 --> 00:53:19,600 But as NTQD says, don't know what it is, but provocative. 890 00:53:19,600 --> 00:53:23,640 It is provocative indeed and people do like that free money 891 00:53:23,640 --> 00:53:26,200 so I'm sure you'll see more Moonberg on on your timeline. 892 00:53:26,200 --> 00:53:29,320 I think it already jumped to 5th and Kaido in like 12 hours so. 893 00:53:29,520 --> 00:53:32,880 You remember Boop? I do remember boop is a very 894 00:53:32,880 --> 00:53:34,480 painful memory. Good time. 895 00:53:35,480 --> 00:53:41,480 Yes, it it the AirDrop feels a little boop like indeed, as they 896 00:53:41,480 --> 00:53:43,960 they flash you a number, but we'll see how how that number 897 00:53:43,960 --> 00:53:46,560 comes to life. Well, since if you're ready, 898 00:53:46,560 --> 00:53:49,760 let's get into the the giveaway just one today. 899 00:53:49,760 --> 00:53:53,280 The code again is pudgy. Last chance to get in on that 900 00:53:53,280 --> 00:53:56,520 year. Board a little note for people 901 00:53:56,520 --> 00:53:59,200 as well as of next week will continue as normal this week, 902 00:53:59,200 --> 00:54:02,320 but from next week we'll have weekly leaderboards. 903 00:54:02,320 --> 00:54:05,240 So there will be a minimum amount that you have to spend 904 00:54:05,240 --> 00:54:07,480 per week because there's quite a lot of people who are putting up 905 00:54:07,480 --> 00:54:09,240 some good volume. There's quite a lot of people 906 00:54:09,240 --> 00:54:11,080 who have done a dollar day one and nothing since. 907 00:54:11,320 --> 00:54:14,800 And we are giving a lot away, a lot of cash and we want active 908 00:54:14,800 --> 00:54:18,400 people on you and on the show. So as of next week, they'll 909 00:54:18,400 --> 00:54:21,080 probably be a small minimum amount, but it will be based on 910 00:54:21,080 --> 00:54:23,880 a weekly leaderboard rather than just the all time. 911 00:54:24,000 --> 00:54:27,000 And we will pick winners, active people who are actively placing 912 00:54:27,000 --> 00:54:31,160 bets and active on you rather than just sitting there and 913 00:54:31,160 --> 00:54:33,920 waiting for the spins. So be aware of that small 914 00:54:33,920 --> 00:54:36,800 change. But for now it will be just the 915 00:54:36,800 --> 00:54:40,400 normal spin. So we'll see what we get dollar 916 00:54:40,400 --> 00:54:45,040 minimum and away we. Go. 917 00:54:45,640 --> 00:54:50,280 All right, we're spinning. Who's going to win today? 918 00:54:54,040 --> 00:54:57,880 He won the other day today, so I need to do a quick check on that 919 00:54:57,880 --> 00:55:00,280 because, well, he did. He did win the other day, so 920 00:55:00,760 --> 00:55:03,080 that won't be in unfortunately. Sorry, space bar. 921 00:55:03,720 --> 00:55:07,400 You're hot though, my friend. Yeah, let me just remove the 922 00:55:07,400 --> 00:55:08,760 screen for one second and reset it. 923 00:55:11,760 --> 00:55:13,920 And don't worry Mitzi, it was too past you. 924 00:55:13,920 --> 00:55:16,280 But we're going to spin again, so you've got one more shot. 925 00:55:18,720 --> 00:55:20,120 It'll be gutted. We'll space bar. 926 00:55:20,120 --> 00:55:22,360 Sorry mate, we have a, we have a four week lockout. 927 00:55:22,840 --> 00:55:24,440 Four week lockout got to be fair. 928 00:55:25,920 --> 00:55:27,360 We're on the 28th. There we go. 929 00:55:28,000 --> 00:55:30,400 Space Bar was definitely in that yes, he was. 930 00:55:30,880 --> 00:55:32,520 So we'll go again with another winner. 931 00:55:33,640 --> 00:55:36,160 Re roll. I actually really like the kick. 932 00:55:36,600 --> 00:55:39,880 Like I just like. Great set up. 933 00:55:39,880 --> 00:55:43,680 Yeah, when we did the radio yesterday, like it's, it's just 934 00:55:44,200 --> 00:55:48,080 a good, it's good to interact with the audience. 935 00:55:48,640 --> 00:55:53,120 It does seem better. Proud Deep Web 3. 936 00:55:53,320 --> 00:55:59,760 Let's get to check Pretty Web 3. I will close and get his kick 937 00:55:59,760 --> 00:56:02,920 name as well just to be sure. Have a quick look. 938 00:56:06,640 --> 00:56:09,560 I don't think I remember pretty. I don't have that down as a 939 00:56:09,560 --> 00:56:10,680 winner all. Right, pretty. 940 00:56:11,040 --> 00:56:13,080 You won. Come on. 941 00:56:13,080 --> 00:56:15,800 Up here as well, either on the space or in the side chat, we 942 00:56:15,800 --> 00:56:18,240 can do either. Yeah, either jump up on the 943 00:56:18,240 --> 00:56:21,840 space or chat with us in the comments. 944 00:56:23,720 --> 00:56:26,360 Regardless, I believe today we're going to play Plinko, is 945 00:56:26,360 --> 00:56:27,440 that right? So we won't. 946 00:56:27,560 --> 00:56:29,600 We won't need interaction. It's up to you. 947 00:56:29,600 --> 00:56:32,840 We can either do that or what we could do is because after what I 948 00:56:32,840 --> 00:56:38,920 saw the disaster on Reg radio last night of the farm all the 949 00:56:38,920 --> 00:56:40,600 way at the end. What happened? 950 00:56:41,720 --> 00:56:44,400 There was coop didn't go all the way, I think he cashed it with 951 00:56:44,400 --> 00:56:49,800 it 3 grand. But the casino on lamb chop was 952 00:56:49,800 --> 00:56:51,800 clear all the way. The entire Rd. was clear and 953 00:56:51,800 --> 00:56:53,240 they had 1500. Wow. 954 00:56:54,200 --> 00:56:58,400 Everyone 15103 of you won 1500 but he could have been all the 955 00:56:58,400 --> 00:57:02,440 way all the way to the barn. All right, I see. 956 00:57:02,480 --> 00:57:04,080 Pretty in the space. He's here. 957 00:57:07,880 --> 00:57:10,240 All right, All right. He's still connecting. 958 00:57:11,280 --> 00:57:12,600 What do I do? Do I do a lamb chop or do I do 959 00:57:12,600 --> 00:57:15,920 plain Co? Your choice, boys. 960 00:57:17,800 --> 00:57:20,680 To do a lamb chop. Yeah, we're gone because you've 961 00:57:20,680 --> 00:57:22,480 got a you've got an event on for Lamb Chop at the moment, right? 962 00:57:22,640 --> 00:57:23,720 There's an event. Yeah, it's a Lamb Chop. 963 00:57:23,760 --> 00:57:25,800 Let's. Let's let's win some. 964 00:57:26,600 --> 00:57:28,760 Let's do it, pretty Jim. You won, my friend. 965 00:57:28,760 --> 00:57:35,080 How you feeling? You're speechless. 966 00:57:37,200 --> 00:57:38,600 We can play for him, otherwise we. 967 00:57:39,480 --> 00:57:43,120 Can play for him all. Right. 968 00:57:43,200 --> 00:57:44,520 Hi, Pretty. But we're happy for you. 969 00:57:44,520 --> 00:57:47,680 You won. I think we we've kind of talked 970 00:57:47,680 --> 00:57:53,040 about playing this a new way where we we go at least to the 971 00:57:53,040 --> 00:57:57,800 halfway point and then give the winner the chance to choose if 972 00:57:57,800 --> 00:58:01,160 they want to go all the way. So we've done we've just been 973 00:58:01,160 --> 00:58:06,720 doing one shot 500 spins, but we've been doing 1000 on on 974 00:58:06,720 --> 00:58:09,040 wrecks. But they already won 500, right 975 00:58:09,040 --> 00:58:10,320 or how much did they win? Yeah, they. 976 00:58:10,400 --> 00:58:12,400 Already won 500. Yeah, he's already bought 500. 977 00:58:12,400 --> 00:58:14,120 Why? Don't we just do 500 and see see 978 00:58:14,120 --> 00:58:16,440 how far we can? See how far we can get. 979 00:58:19,160 --> 00:58:21,840 We'll be we'll be more risk averse. 980 00:58:22,560 --> 00:58:25,360 Can't tell you properly. All right, pretty bunch. 981 00:58:25,360 --> 00:58:27,360 You go on mute. I think we'll play for you. 982 00:58:27,440 --> 00:58:28,240 We'll play for you. You've. 983 00:58:28,360 --> 00:58:30,520 Won $500 already and you may win more. 984 00:58:30,520 --> 00:58:33,040 OK. Thank you of the circuit. 985 00:58:35,080 --> 00:58:36,240 All right. Are we doing 1? 986 00:58:36,240 --> 00:58:37,080 Then? Are we going for it? 987 00:58:37,240 --> 00:58:38,880 I'm 505 hundred. Let's see. 988 00:58:39,720 --> 00:58:41,760 Let's do. It all right boys, let's get the 989 00:58:41,760 --> 00:58:47,440 music come as well set the tone oh there we. 990 00:58:47,600 --> 00:58:48,920 Are all right. Who wants to drive? 991 00:58:49,120 --> 00:58:51,680 Who wants to drive? I click it. 992 00:58:52,760 --> 00:58:54,760 OK, Particle. Drive not the first time. 993 00:58:54,800 --> 00:58:59,240 Don't do me first time. Come on all right, we go in 994 00:58:59,240 --> 00:59:00,040 again. Yes or no, it's. 995 00:59:00,600 --> 00:59:01,160 No. Again, yes. 996 00:59:04,720 --> 00:59:09,040 Oh. My. 997 00:59:09,360 --> 00:59:10,960 Goodness, I hate when they get taken. 998 00:59:10,960 --> 00:59:12,320 The second one. All right. 999 00:59:12,320 --> 00:59:16,520 Well, pretty, you still walk away with 500 bucks today. 1000 00:59:16,680 --> 00:59:19,200 We'll coordinate with you after the show here. 1001 00:59:19,640 --> 00:59:21,920 Congrats. Nice little win still for for 1002 00:59:21,920 --> 00:59:25,080 tuning in this morning. And folks, that is going to be 1003 00:59:25,080 --> 00:59:26,000 it. That is our show. 1004 00:59:26,000 --> 00:59:27,760 I want to thank our listeners as always. 1005 00:59:27,760 --> 00:59:30,000 I want to make my Co host want to thank our partners. 1006 00:59:30,240 --> 00:59:32,360 Shout out to Kraken with that new crack app as well. 1007 00:59:32,360 --> 00:59:35,000 Go check that out folks. We'll be back tomorrow at 10:00 1008 00:59:35,120 --> 00:59:36,720 AM Eastern. Until then, go make it a 1009 00:59:36,720 --> 00:59:37,200 beautiful day. Bye.