1 00:00:00,320 --> 00:00:06,880 All right, all right. Good morning, Good morning, GMGM 2 00:00:06,960 --> 00:00:10,520 everyone. Welcome to another episode of 3 00:00:10,800 --> 00:00:14,680 FOMO. Our today, today, today is 4 00:00:14,680 --> 00:00:22,120 Friday, October 18th. It is going to be a beautiful 5 00:00:22,120 --> 00:00:27,080 week here in Chicago. The sun is shining, we're in the 6 00:00:27,080 --> 00:00:32,000 60 to 70° range, just absolutely feeling great. 7 00:00:32,240 --> 00:00:34,600 And guess what? It's shaping up to be a 8 00:00:34,600 --> 00:00:37,320 beautiful weekend in crypto as well. 9 00:00:37,320 --> 00:00:41,440 Bitcoin is moving, Doge is breaking out the the Mirada 10 00:00:41,440 --> 00:00:45,480 memes are alive and of course, the GOAT, the goat hitting all 11 00:00:45,480 --> 00:00:48,920 time high right before the show. We're going to break it all down 12 00:00:48,920 --> 00:00:51,440 on today's show with you. No for up today. 13 00:00:51,440 --> 00:00:54,400 He is now Lisbon, so he has moved from Paris to Lisbon 14 00:00:54,640 --> 00:00:58,560 hanging out with the apes. As ape Fest kicks off today over 15 00:00:58,560 --> 00:01:01,560 in Portugal, we might have Mando able to pop in. 16 00:01:01,560 --> 00:01:03,600 We'll see if he is able to join us. 17 00:01:03,600 --> 00:01:06,440 But in the meantime, we still have Logan Hitchcock, our editor 18 00:01:06,440 --> 00:01:09,320 in chief over at Lucky Trader. Logan, Jim, how you doing? 19 00:01:09,840 --> 00:01:12,840 Hey, good morning, Tyler. A little chillier here, but the 20 00:01:12,840 --> 00:01:15,520 market's keeping me warm, so I'm doing pretty well, yeah. 21 00:01:16,800 --> 00:01:20,440 It's stay warm inside season, at least for those of us in the 22 00:01:20,440 --> 00:01:22,240 trenches. And I just want to give you a 23 00:01:22,240 --> 00:01:24,040 pound in the back for getting back in the trenches there. 24 00:01:24,040 --> 00:01:25,920 Logie. I feel like it had been a couple 25 00:01:25,920 --> 00:01:28,640 months. Perhaps you weren't as locked in 26 00:01:29,280 --> 00:01:30,920 as you once were, but you're back. 27 00:01:31,440 --> 00:01:34,120 Feel like I'm seeing the board pretty clearly right now, so 28 00:01:34,360 --> 00:01:37,680 yeah, it feels good. We we love to hear it excited 29 00:01:37,680 --> 00:01:40,800 for your clear eye plays that you're going to share with us 30 00:01:40,880 --> 00:01:43,160 later on today's show. On today's show, what are we 31 00:01:43,160 --> 00:01:45,600 talking about folks? We are going to start with 32 00:01:45,600 --> 00:01:50,800 Bitcoin smashing through 68 K as these ETS have seen over 2 33 00:01:50,800 --> 00:01:55,320 billion in inflows this week. World coin now world shared 34 00:01:55,320 --> 00:01:58,320 several updates, including the rebrand and a new app. 35 00:01:58,600 --> 00:02:02,240 We've got moonpay partnering with Venmo and bringing their 60 36 00:02:02,240 --> 00:02:06,760 million US users to crypto. The Eigen X accountless hacked. 37 00:02:06,760 --> 00:02:11,200 How can you trust eigen after this Tao adding smart contracts 38 00:02:11,720 --> 00:02:15,160 to its L1. There's a new ethereum phone D 39 00:02:15,160 --> 00:02:18,800 Gen. 1 is it a must buy? We're going to talk memes. 40 00:02:18,800 --> 00:02:22,080 Of course we've got doge breaking out the broad memes up 41 00:02:22,280 --> 00:02:28,200 go up as well then somewhat of a secret quiet not a secret magic 42 00:02:28,200 --> 00:02:30,440 Eden with the big runes announcement yesterday, so we 43 00:02:30,440 --> 00:02:34,520 will break that down plus we've got robit spins 2 spins today. 44 00:02:34,520 --> 00:02:37,800 So make sure to stay tuned to the end of the show and shout 45 00:02:37,800 --> 00:02:40,960 out of course to our show partner galaxis. 46 00:02:41,120 --> 00:02:44,160 With seamless built in monetization tools, Galaxis 47 00:02:44,160 --> 00:02:47,200 enables the development of sustainable long term 48 00:02:47,200 --> 00:02:51,000 communities, fulfilling bitcoins vision of decentralized freedom 49 00:02:51,000 --> 00:02:53,880 and independence from centralized control. 50 00:02:53,880 --> 00:02:57,560 Shout out to to Galaxis. I think I saw they're also 51 00:02:57,560 --> 00:02:59,560 partnering with the killer whale show. 52 00:03:00,160 --> 00:03:03,800 So so for you killer whales fans out there, make sure to tune in 53 00:03:03,800 --> 00:03:08,200 to find the Galaxis there. All right, that's a rundown of 54 00:03:08,200 --> 00:03:10,680 what we're going to be talking about on the show. 55 00:03:10,960 --> 00:03:13,480 Let's go ahead and get into it. I'm going to fire up the screen 56 00:03:13,480 --> 00:03:18,000 share here one second and do my best Mando impression as we go 57 00:03:18,000 --> 00:03:21,840 around the horn for a quick macro update. 58 00:03:22,360 --> 00:03:25,040 But for starters, I mean, we got to start with with Bitcoin 59 00:03:25,040 --> 00:03:29,280 leading leading home majors. It's up 2 1/2 percent at at 60 00:03:29,280 --> 00:03:34,840 68330 right now, just a a gorgeous weekly. 61 00:03:34,840 --> 00:03:38,600 So it's up, it's up 10% now on the week. 62 00:03:39,000 --> 00:03:41,320 The month looks solid. And then if I mean, if you zoom 63 00:03:41,320 --> 00:03:46,000 out here, I think we may have just hit another higher high. 64 00:03:47,080 --> 00:03:51,160 So back at the end of July, we got to about 68 three, it looks 65 00:03:51,160 --> 00:03:53,160 like. So now we are we're we're 66 00:03:53,160 --> 00:03:57,320 reaching new, new highs here, new local highs here on Bitcoin. 67 00:03:57,320 --> 00:04:01,760 So this is, is quite lovely to see. 68 00:04:02,000 --> 00:04:05,560 Certainly some of this action is on the back of the the Bitcoin 69 00:04:05,560 --> 00:04:08,800 ETFs. So a massive milestone yesterday 70 00:04:08,800 --> 00:04:15,000 passing 20 billion in total net inflows for the Bitcoin ETF 71 00:04:15,000 --> 00:04:17,120 since they've been live since January. 72 00:04:17,120 --> 00:04:20,839 So nine months roughly roughly nine months to 20 billion. 73 00:04:20,839 --> 00:04:24,040 Of course, BlackRock and I've been a huge driver that with 74 00:04:24,040 --> 00:04:30,360 over 22 billion just themselves on just the last five days now 75 00:04:30,360 --> 00:04:33,040 well over 2 billion. So I think this is probably the 76 00:04:33,040 --> 00:04:34,680 biggest five day stretch we've had. 77 00:04:35,000 --> 00:04:36,680 I have to go back to the very first week. 78 00:04:36,720 --> 00:04:40,240 It's probably rivaling the very first inaugural week for 79 00:04:40,240 --> 00:04:42,440 inflows. Let's take a look at Ethereum. 80 00:04:42,440 --> 00:04:45,520 Even Ethereum is great, a rare sight. 81 00:04:46,120 --> 00:04:50,400 So we're looking at roughly 67075 million in that inflows 82 00:04:50,400 --> 00:04:54,360 for ETH this week, though not necessarily all that reflected 83 00:04:55,280 --> 00:04:58,960 in price action. If we go back to the board, 84 00:04:58,960 --> 00:05:01,600 let's take a look. We touched on ETH, ETH up 2% 85 00:05:01,600 --> 00:05:08,320 following Bitcoin 2635 Solana at 15450 kind of holding neck and 86 00:05:08,320 --> 00:05:11,720 neck with Bitcoin, but lagging a bit behind here on the week. 87 00:05:11,720 --> 00:05:16,680 If you look at the top movers on the day, it was mostly mostly 88 00:05:16,680 --> 00:05:18,440 meeps. It looks like a few alts are now 89 00:05:18,440 --> 00:05:23,200 jumping Beam and Athena up about 9 to 11% here on the day. 90 00:05:23,200 --> 00:05:30,520 But it's wild to see Dosh Dosh, the the number one mover in with 91 00:05:30,520 --> 00:05:36,360 the 20% with with the sorry with an 11% move at a $19 billion 92 00:05:36,840 --> 00:05:38,960 market cap. We'll come back to that in a 93 00:05:38,960 --> 00:05:40,840 second. So Loki's tossed out. 94 00:05:40,960 --> 00:05:44,200 Yeah, look at Jupiter there in this inside the top 10 yesterday 95 00:05:44,200 --> 00:05:47,800 was the a pro announcement leaning more into meme coins. 96 00:05:48,040 --> 00:05:52,640 I know you guys have spoken a lot about JLP on the show, not 97 00:05:52,640 --> 00:05:55,200 so much about the actual Jupiter token itself. 98 00:05:55,200 --> 00:05:59,120 But I mean, in, in terms of things you're messing around 99 00:05:59,120 --> 00:06:01,600 with on a daily basis, if you're an active participant right now, 100 00:06:01,600 --> 00:06:05,360 Jupiter's got to be up there as number one or, you know, very, 101 00:06:05,360 --> 00:06:08,480 very close to the things that you're touching your touch 102 00:06:08,480 --> 00:06:11,360 points with nearly everything you're doing on chain right now. 103 00:06:12,120 --> 00:06:16,280 If you're bullish on Solana and the mean coin super cycle 104 00:06:16,280 --> 00:06:19,120 actually playing out, continuing to play out here for another 105 00:06:19,120 --> 00:06:21,960 year, you have to think Jupiter's one of the better 106 00:06:23,080 --> 00:06:24,760 picks and shovels plays on the board. 107 00:06:24,760 --> 00:06:26,480 I mean, the chart looks pretty solid, like basically never 108 00:06:26,480 --> 00:06:31,160 really dipped below $0.70. Solid foundation there, only at 109 00:06:31,320 --> 00:06:35,280 only 20% off the bottom, 100% off local high. 110 00:06:35,280 --> 00:06:37,600 And of course there's been some unlocks in this time, but the 111 00:06:37,600 --> 00:06:40,520 team is kept their joke with Amanda. 112 00:06:40,600 --> 00:06:42,440 He's with us. We've got them folks. 113 00:06:42,440 --> 00:06:44,400 GM. Hey guys. 114 00:06:44,400 --> 00:06:46,360 How are you? Doing great. 115 00:06:46,640 --> 00:06:50,000 You haven't missed much. I just went around did a quick 116 00:06:50,000 --> 00:06:52,640 intro on Bitcoin and some ETF inflows. 117 00:06:52,880 --> 00:06:57,840 We touched on some of the top movers here, but but would love 118 00:06:57,840 --> 00:07:01,080 to to toss it to you and just get your your macro take what 119 00:07:01,080 --> 00:07:02,760 stands out to you here this morning. 120 00:07:04,760 --> 00:07:07,800 Bitcoins going to all time high. That's what it feels like that's 121 00:07:07,800 --> 00:07:12,680 what it feels like gents. It's interesting to see. 122 00:07:13,200 --> 00:07:15,320 I guess it's not interesting, but we've already spoken about 123 00:07:15,320 --> 00:07:17,760 the fact that dominance just feels like it's going higher and 124 00:07:17,760 --> 00:07:22,080 higher each each day. I think it will probably get 125 00:07:22,080 --> 00:07:24,440 above 60% to before the election. 126 00:07:24,600 --> 00:07:27,600 That's my that's my bet over at 59 today. 127 00:07:29,480 --> 00:07:31,960 I think it's probably going to go to 60 and then meme coins, 128 00:07:31,960 --> 00:07:34,960 right? Meme coins have just whenever 129 00:07:34,960 --> 00:07:36,920 they die, they come straight back. 130 00:07:38,720 --> 00:07:41,840 All of the top movers in the top 100 are meme coins. 131 00:07:42,320 --> 00:07:46,200 Generally all the top movers in the top 300 and top 500 are meme 132 00:07:46,200 --> 00:07:49,200 coins. It's it's impressive to see. 133 00:07:49,720 --> 00:07:52,440 So everyone's getting them on boarded to meme coins. 134 00:07:52,440 --> 00:07:55,560 A cycle Doge like you just mentioned on the show that going 135 00:07:55,560 --> 00:08:00,240 up is often that's that's seen as a bearish sign in the market. 136 00:08:00,240 --> 00:08:02,280 Like often Doge is that people say it's like the last thing to 137 00:08:02,280 --> 00:08:06,320 pump and then it's it's it's really been met with the whole 138 00:08:06,320 --> 00:08:09,120 market selling off. I don't really know what to make 139 00:08:09,120 --> 00:08:12,400 of that because doge just hasn't really rallied for a long time. 140 00:08:13,640 --> 00:08:15,760 I think this is this isn't a bearish sign. 141 00:08:15,760 --> 00:08:18,080 I think this is this shows you that people are coming back and 142 00:08:18,080 --> 00:08:23,680 saying I need to buy meme coins. Why don't I own Doge again? 143 00:08:23,760 --> 00:08:27,960 So I feel like DOGE for me is probably a sign, is a sign of 144 00:08:27,960 --> 00:08:30,160 market participants coming back into the market here. 145 00:08:31,840 --> 00:08:33,360 Yeah, I would tend to agree with that. 146 00:08:35,000 --> 00:08:37,880 It's just been super quiet. There hadn't been much chatter 147 00:08:37,880 --> 00:08:39,480 on Doge. I think a lot of even like that 148 00:08:39,480 --> 00:08:44,400 the macro TA analysts out there hadn't mentioned it in months 149 00:08:44,400 --> 00:08:47,640 and now I'm starting to see them talk about it a little bit more 150 00:08:47,920 --> 00:08:50,640 as well. So it's starting to get back on 151 00:08:50,640 --> 00:08:57,400 the timeline. Doge, I mean it's been strange 152 00:08:57,400 --> 00:09:00,120 that it's avoided all of this of this cycle. 153 00:09:00,680 --> 00:09:03,880 I do think that doge is an outside bet for being one of the 154 00:09:04,360 --> 00:09:06,720 the best multi cycle things to earn. 155 00:09:08,200 --> 00:09:09,840 Like, I just think it's always going to be here. 156 00:09:11,280 --> 00:09:13,360 You think that there's a scenario where it makes a new 157 00:09:13,360 --> 00:09:15,880 all time high? Or you think the all time high 158 00:09:15,880 --> 00:09:16,600 is behind us? I don't. 159 00:09:17,840 --> 00:09:19,600 Think it's going to hit an all time high this cycle. 160 00:09:20,840 --> 00:09:24,040 But but interestingly, and this is part of the reason why I 161 00:09:24,040 --> 00:09:28,720 think people are buying memes is if I can make a good pitch for 162 00:09:28,840 --> 00:09:33,280 for doge being around longer than ETH, for example, you know, 163 00:09:33,280 --> 00:09:38,480 like no matter what L1 dominates what we do on the timeline, I 164 00:09:38,480 --> 00:09:39,720 think Doge is always going to be there. 165 00:09:40,760 --> 00:09:42,560 And I think that's part of the reason why people like memes 166 00:09:42,560 --> 00:09:47,360 right now. I think Solana right now should 167 00:09:47,360 --> 00:09:51,920 be valued close to ETH, but I think people are scared to go 168 00:09:51,920 --> 00:09:54,400 back into the water. I think people once it gets 169 00:09:54,400 --> 00:09:57,800 above 100 billion, two $100 billion market cap, it kind of 170 00:09:57,800 --> 00:09:59,760 has a target on his back. And you, you start to have to 171 00:09:59,760 --> 00:10:01,680 think, well, is this going to be around for multi cycle? 172 00:10:02,080 --> 00:10:03,600 We've just seen what happened with Sui, right? 173 00:10:04,600 --> 00:10:08,280 People want to move on with our ones like there's, there is a 174 00:10:08,840 --> 00:10:12,400 benefit in moving on to the next one because if you, you kind of 175 00:10:12,400 --> 00:10:15,640 catch the Ponzi's early enough in the ecosystem and, and what's 176 00:10:15,640 --> 00:10:19,560 been going on, And I think that people are a little bit are a 177 00:10:19,560 --> 00:10:24,360 little bit wary of the L1 trade on a multi cycle lens. 178 00:10:25,840 --> 00:10:27,640 You can be, you can always think like, oh, Siri's going to be 179 00:10:27,640 --> 00:10:29,960 calling the next cycle. But for that to happen, kind of 180 00:10:29,960 --> 00:10:31,520 you have to achieve that. Solana's probably not going to 181 00:10:31,520 --> 00:10:36,000 have a great cycle. Whereas with meme coins, yes, 182 00:10:36,000 --> 00:10:38,640 you have the the meme coins of each cycle, but I think that 183 00:10:38,800 --> 00:10:42,120 they're multi cycle sort of things like they're going to be 184 00:10:42,120 --> 00:10:46,760 around every single cycle. And I think that those one of 185 00:10:46,760 --> 00:10:48,560 those, I think Pepe is one of those. 186 00:10:51,160 --> 00:10:53,880 I don't know which ones I mean. What do you think of the multi 187 00:10:53,880 --> 00:10:55,920 cycle memes of this of this cycle? 188 00:10:57,640 --> 00:11:02,800 It's an interesting question. I mean my head immediately turns 189 00:11:02,800 --> 00:11:06,640 to to Maraud's multi cyclers which are SDX and Giga. 190 00:11:06,640 --> 00:11:10,080 I'm not sure I'm sold on that just yet. 191 00:11:11,880 --> 00:11:14,160 I mean, I think there's a one with pops to mind. 192 00:11:14,160 --> 00:11:17,760 To me, we'll see how big it gets this year. 193 00:11:19,440 --> 00:11:23,120 It feels like that's the story of this cycle. 194 00:11:25,040 --> 00:11:28,600 Log might have a shot. I think a lot depends if it 195 00:11:28,800 --> 00:11:32,600 really if it really sticks with crypto culture because trends 196 00:11:32,600 --> 00:11:34,320 into crypto culture change too, right? 197 00:11:34,360 --> 00:11:39,440 I mean, right now it is certainly like a core tenet of 198 00:11:39,440 --> 00:11:43,880 of crypto culture, but it's not as quite as Lendy like Pepe is 199 00:11:43,880 --> 00:11:46,280 definitely more Lendy than like let's like. 200 00:11:46,280 --> 00:11:47,880 Let's Yeah, yeah, of course, of course. 201 00:11:49,200 --> 00:11:52,200 I think that log has got an OK shot of it. 202 00:11:53,520 --> 00:11:56,480 With is difficult because I feel as though it isn't. 203 00:11:57,360 --> 00:12:01,120 It probably is with with is probably a multi cycle coin, 204 00:12:01,360 --> 00:12:04,320 although I don't think it's one of those ones that pushes to new 205 00:12:04,320 --> 00:12:06,480 highs on the next cycle. You know what I mean? 206 00:12:06,680 --> 00:12:10,000 I feel like it'll just be there in and around. 207 00:12:14,480 --> 00:12:15,680 So you go down this list. I don't. 208 00:12:15,960 --> 00:12:19,040 It's not a lot of them. There's really not, I'll say 209 00:12:19,040 --> 00:12:22,360 what I think a wild card here is will we get one on Bitcoin? 210 00:12:23,120 --> 00:12:27,760 Will there be a runes leader that ends up making it? 211 00:12:27,960 --> 00:12:31,640 And if like we see a real comeback in runes and ordinals 212 00:12:31,640 --> 00:12:35,600 this cycle, it kind of cements them as not just a flash in the 213 00:12:35,600 --> 00:12:40,560 pan one year thing like that becomes more likely if I have to 214 00:12:40,600 --> 00:12:45,240 pick there. I mean, it's it's probably dog 215 00:12:45,240 --> 00:12:47,960 or pups, right? Like unless there's just one 216 00:12:47,960 --> 00:12:51,040 that comes out of nowhere. So I think. 217 00:12:51,040 --> 00:12:56,280 No, no, I think, I think you've decided you're you're the ruins 218 00:12:56,280 --> 00:12:58,200 that are going to be the ones for this cycle already. 219 00:12:59,600 --> 00:13:03,840 I just don't know if I think any of those are like super strong. 220 00:13:03,960 --> 00:13:07,240 That's the issue. Just the the narrative around 221 00:13:07,240 --> 00:13:11,560 them, like pups feels more related to the ordinal itself, 222 00:13:11,560 --> 00:13:18,480 like and dog just feels very generic, like it's just going to 223 00:13:18,480 --> 00:13:22,200 be there. I I totally agree with you. 224 00:13:22,440 --> 00:13:26,520 Like I'm I'm shocked that it's been just a consistent #1 to be 225 00:13:26,520 --> 00:13:30,760 honest, I had similar critiques. I think there will become just 226 00:13:30,760 --> 00:13:35,280 this narrative of being the number one meme coin on Bitcoin 227 00:13:35,280 --> 00:13:37,680 will be could be a self fulfilling prophecy and that 228 00:13:37,680 --> 00:13:40,400 could be enough. But in general I'm I'm with meme 229 00:13:40,400 --> 00:13:43,440 itself isn't necessarily all that great. 230 00:13:44,200 --> 00:13:47,680 I mean, it's just a dog wearing a Bitcoin sweater. 231 00:13:47,720 --> 00:13:49,280 Feels like a copy of other memes. 232 00:13:50,200 --> 00:13:53,440 Yeah. I mean a true unique one. 233 00:13:53,440 --> 00:13:54,640 Well, a couple of interesting takes. 234 00:13:54,640 --> 00:13:57,320 So I saw a take. I don't have the tweet handy 235 00:13:58,280 --> 00:14:02,480 that that funds who want to get into meme coins but don't know 236 00:14:02,480 --> 00:14:05,320 how to underwrite them will instead look at Tao. 237 00:14:05,840 --> 00:14:11,760 And it is Tao like the going to be perhaps like a a meme of this 238 00:14:11,760 --> 00:14:13,280 cycle. Of course, it's more than a 239 00:14:13,280 --> 00:14:14,880 meme. It's its own L1. 240 00:14:14,880 --> 00:14:18,360 On that note, we actually saw a pretty interesting update. 241 00:14:18,360 --> 00:14:20,120 Let me try to find it here. Yeah. 242 00:14:20,120 --> 00:14:23,800 So. So Tao launched smart contracts. 243 00:14:25,040 --> 00:14:30,120 Oh, I didn't know that. EVM compatibility now live. 244 00:14:30,320 --> 00:14:35,520 You can deploy smart contracts using Splitty meta mask as well. 245 00:14:35,520 --> 00:14:40,000 So that basically unlocking defy and more. 246 00:14:40,120 --> 00:14:42,320 This wasn't really on my radar necessarily. 247 00:14:42,320 --> 00:14:45,000 It's something that they had even been working on. 248 00:14:45,320 --> 00:14:48,960 Is Tau running with alongside this AI stuff or no? 249 00:14:49,880 --> 00:14:53,920 It's kind of been it hitting, well, it's not his all time 250 00:14:53,920 --> 00:14:57,320 high, but it hit like a high about six days ago and there's 251 00:14:57,320 --> 00:14:59,400 drops since then. Actually it's drops since then. 252 00:15:01,920 --> 00:15:04,120 It looks pretty good. I feel like it's it's, it is 253 00:15:04,120 --> 00:15:07,520 trading like a lot of the the meme leaders, right? 254 00:15:07,520 --> 00:15:11,000 Like it it peaked in March just like the meme cycle did. 255 00:15:11,240 --> 00:15:15,080 Big draw down it immediately back up and looks like it's 256 00:15:15,080 --> 00:15:16,760 hitting higher highs and higher lows. 257 00:15:17,920 --> 00:15:21,360 So I think I'd rather own. For you, yeah, that's the thing 258 00:15:21,360 --> 00:15:24,640 for you to want to own any altcoin this cycle. 259 00:15:25,200 --> 00:15:28,680 It's it's kind of wild, right? Like you have to have like a the 260 00:15:28,680 --> 00:15:32,200 fact that it's even rallied probably shows you, but it's 261 00:15:32,360 --> 00:15:34,360 it's doing OK, you know what I mean? 262 00:15:34,360 --> 00:15:38,440 Like it's it's going to have some sort of outsized value 263 00:15:38,440 --> 00:15:41,120 proposition to even rally in this market. 264 00:15:41,120 --> 00:15:44,360 I think I like it. I think it's going to. 265 00:15:44,840 --> 00:15:48,320 I think it's going to go at least a 2X this cycle, probably 266 00:15:48,320 --> 00:15:50,760 a 3X. This thing, so it's kind of hard 267 00:15:50,760 --> 00:15:53,440 to with it already at at 4 billion, you start to think like 268 00:15:53,440 --> 00:15:54,720 how high is this really going to go? 269 00:15:55,480 --> 00:16:00,960 And it's up so much already. Is it worth chasing for just A2 270 00:16:00,960 --> 00:16:05,120 or 3X versus some other plays? I think I keep being surprised 271 00:16:05,120 --> 00:16:09,040 that it's like world coin had a huge update yesterday and 272 00:16:09,040 --> 00:16:11,720 perhaps we'll perhaps we'll go into it new orb, new 273 00:16:11,720 --> 00:16:18,640 credentials, new mini apps they rebranded and also this main net 274 00:16:18,640 --> 00:16:20,120 launch. I felt like there was one other 275 00:16:20,120 --> 00:16:23,320 thing, but I thought it's it's really not talked about much 276 00:16:24,360 --> 00:16:27,480 like World Coin itself. It pumps sometimes with the with 277 00:16:27,480 --> 00:16:30,880 Altman headlines. I'm curious if you have a read 278 00:16:30,880 --> 00:16:34,600 on that and perhaps why I feel like Taos talked about much more 279 00:16:34,600 --> 00:16:35,920 than World Coin is. I can't. 280 00:16:36,120 --> 00:16:38,960 I can't find it. People don't really like World 281 00:16:38,960 --> 00:16:40,720 Coin, right? It just feels very corporate. 282 00:16:41,000 --> 00:16:45,480 The tokonomics are unbelievable. Like it's a market. 283 00:16:46,440 --> 00:16:50,240 Look at that. When two point FTV versus 1.2, 284 00:16:50,920 --> 00:16:52,600 yeah, I was like how? How do you buy this? 285 00:16:53,560 --> 00:16:58,920 Yeah, it's it's kind of I think it's really just a Sam Altman 286 00:16:58,920 --> 00:17:04,880 play and that run up was also like a was a short squeeze play. 287 00:17:06,560 --> 00:17:08,800 I don't think this is an investable currency, even if 288 00:17:08,800 --> 00:17:14,400 they do cool stuff with it. Yeah, I tend to agree with you 289 00:17:15,040 --> 00:17:15,880 on. That like is that going? 290 00:17:16,000 --> 00:17:19,680 Is that going to 40 billion? Doesn't feel like it. 291 00:17:21,319 --> 00:17:22,680 I'm like, let's look at the market capture. 292 00:17:22,680 --> 00:17:26,119 Oh God. And the market capture are 293 00:17:26,240 --> 00:17:28,119 obviously paying so much different picture because the 294 00:17:28,720 --> 00:17:32,920 that that are happening. So you have to be wary of that. 295 00:17:33,160 --> 00:17:37,800 So that's, that's going to be a tricky 1 for sure. 296 00:17:37,840 --> 00:17:41,960 I think the other macro headline from the day, what was that of 297 00:17:41,960 --> 00:17:46,080 our friends moon pay? So they have now officially 298 00:17:46,080 --> 00:17:51,200 partnered with Venmo and you 60 million United States Venmo 299 00:17:51,200 --> 00:17:55,000 users will now be able to buy crypto via the moon pay app 300 00:17:55,000 --> 00:17:59,840 using their Venmo balance. So this, this feels like a, a 301 00:17:59,840 --> 00:18:02,320 big one to me, Logan, maybe I'll toss it to you. 302 00:18:02,320 --> 00:18:06,000 Any, any reactions on your side? Are you a Venmo user? 303 00:18:06,000 --> 00:18:07,680 Is this something you would actually use? 304 00:18:08,520 --> 00:18:10,280 Definitely. This is super cool. 305 00:18:10,480 --> 00:18:12,920 You, you wrote about it in the Morning Minute newsletter this 306 00:18:12,920 --> 00:18:15,520 morning, Tyler. And to steal from me a little 307 00:18:15,520 --> 00:18:17,840 bit, just the funding sources for buying crypto. 308 00:18:17,840 --> 00:18:20,000 You know, if you're not using a centralized exchange like 309 00:18:20,320 --> 00:18:22,640 Coinbase finance, whatever, it's tricky. 310 00:18:23,120 --> 00:18:24,560 And this just makes it a little bit easier. 311 00:18:24,680 --> 00:18:27,800 I mean, nearly everyone that I know, my age demographic is 312 00:18:27,800 --> 00:18:31,720 utilizing Venmo, right, to make microtransactions or medium 313 00:18:31,720 --> 00:18:34,440 sized transactions with friends. And you probably are carrying a 314 00:18:34,440 --> 00:18:37,240 balance. You know, hopefully those people 315 00:18:37,240 --> 00:18:40,080 are the same types of people that would be buying crypto. 316 00:18:40,640 --> 00:18:43,240 So I mean, this is, yeah, just another small little victory and 317 00:18:43,240 --> 00:18:47,160 unlock for the ease of adding, you know, to your crypto 318 00:18:47,160 --> 00:18:50,000 portfolio. Whereas, you know, before it 319 00:18:50,000 --> 00:18:53,400 perhaps you were adverse to using a centralized exchange or 320 00:18:53,400 --> 00:18:54,920 whatever, you know, whatever the case may be. 321 00:18:54,920 --> 00:18:58,000 So all for it. I think it's a big deal. 322 00:18:58,000 --> 00:19:00,600 I'm personally a pretty active then MO user. 323 00:19:00,920 --> 00:19:03,400 I usually carry a balance in there largely because I just 324 00:19:03,400 --> 00:19:05,840 don't know what to do with it and I just kind of hold on to it 325 00:19:06,080 --> 00:19:09,320 in case to like go out friends, they pay you just payment. 326 00:19:09,320 --> 00:19:11,600 It feels like a free meal or, or or whatnot. 327 00:19:12,040 --> 00:19:15,640 But now, like if I'm, if I'm holding a minimum balance and I 328 00:19:15,640 --> 00:19:19,160 see like, oh, there's a new a new token I want to chase here 329 00:19:19,240 --> 00:19:22,640 and like, let's just fire up moon pay and let's get this in 330 00:19:22,640 --> 00:19:24,880 the Solana here real quick that that's attractive. 331 00:19:25,760 --> 00:19:31,120 So I think this is going to be a, a big onboarding or, or it's 332 00:19:31,120 --> 00:19:33,600 definitely making it easier and attractive honoring. 333 00:19:33,600 --> 00:19:35,080 It was like I, I don't really use PayPal. 334 00:19:35,080 --> 00:19:36,520 I don't really hold a balance there. 335 00:19:36,840 --> 00:19:39,600 Like I'm not going to connect my my bank account or a credit card 336 00:19:39,600 --> 00:19:41,640 for just like a on the whim announcement. 337 00:19:41,640 --> 00:19:44,000 That feels like too clunky. The credit cards get denied a 338 00:19:44,000 --> 00:19:46,240 lot and you have to deal with that hassle. 339 00:19:46,560 --> 00:19:49,000 I think with Venmo, this is actually a smooth experience. 340 00:19:49,000 --> 00:19:51,080 I haven't had a chance to test it out personally just yet. 341 00:19:52,480 --> 00:19:56,400 I, I think this could be a, a real, real game changer. 342 00:19:56,400 --> 00:19:58,920 So we'll certainly see. Shout out to them. 343 00:19:59,160 --> 00:20:01,680 Manda, was there anything else on your macro radar from the day 344 00:20:01,680 --> 00:20:04,600 or do you think we hit most of the the big rocks? 345 00:20:06,280 --> 00:20:11,000 Now in terms of broader macro, there was some renewed 346 00:20:11,160 --> 00:20:14,040 bullishness from China like they're going to do the more 347 00:20:14,040 --> 00:20:16,200 stimulus after their their growth slowed. 348 00:20:16,200 --> 00:20:20,520 So people you had gold, you had you had stocks at all time highs 349 00:20:20,520 --> 00:20:22,520 again yesterday. They just continue to go higher 350 00:20:22,520 --> 00:20:25,000 and higher. Interestingly, we've seen the 351 00:20:25,000 --> 00:20:28,120 yen has weakened quite a lot. Remember a lot of people were 352 00:20:28,120 --> 00:20:30,280 talking about the unwind of the yen carry trade. 353 00:20:31,240 --> 00:20:36,680 Well, that was on the cards. And then it seems as though the 354 00:20:36,680 --> 00:20:40,720 Bank of Japan got cold feet and is delaying their rate 355 00:20:40,720 --> 00:20:42,560 increases. So actually you've seen the yen 356 00:20:42,560 --> 00:20:46,920 we can back to kind of above 150, which is where they stepped 357 00:20:46,920 --> 00:20:51,440 in to defend it before. So interest interesting one that 358 00:20:51,440 --> 00:20:53,800 one in that that whole unwind is not really happening. 359 00:20:54,480 --> 00:20:57,240 I think I think the main thing that people are pointing to for 360 00:20:57,240 --> 00:21:01,400 a lot of this, this rally in in crypto has been the Trump odds 361 00:21:01,400 --> 00:21:02,920 and that just continues to go higher. 362 00:21:03,160 --> 00:21:05,600 It does feel as though as one whale on Polymarket who's 363 00:21:05,600 --> 00:21:08,760 pushing it higher. That being said, like we have 364 00:21:08,760 --> 00:21:13,360 seen the biggest inflow week on the ETF since July. 365 00:21:13,600 --> 00:21:16,360 I think Blackrock's got over a billion dollar dollars of 366 00:21:16,360 --> 00:21:18,600 inflows already this week and we've got a day to go. 367 00:21:19,040 --> 00:21:23,720 So massive, massive inflows coming into the, to the ETFs. 368 00:21:25,000 --> 00:21:28,280 And I, I think most people are, are saying that's to do with 369 00:21:28,280 --> 00:21:30,360 the, the Trump stuff, which is what we've been saying. 370 00:21:31,720 --> 00:21:34,400 Yeah, it it feels like this could very well be a a Trump 371 00:21:34,400 --> 00:21:36,760 pump here. I want to see how Silver's got 372 00:21:36,760 --> 00:21:38,480 the odds. I haven't checked his model. 373 00:21:39,960 --> 00:21:42,160 Internet's been a little slow what we got here. 374 00:21:43,400 --> 00:21:44,600 All right, so he's flipped to Trump. 375 00:21:44,600 --> 00:21:47,440 So he's got, he still has a coin flip, but he has Trump with 376 00:21:48,040 --> 00:21:50,800 light edge. And he had, I mean, he had 377 00:21:51,440 --> 00:21:54,800 Harris was still 5545 in his model when Paulie Market had 378 00:21:54,800 --> 00:21:58,280 pulled the head already. So it does look like Trump 379 00:21:58,280 --> 00:22:01,480 really has the momentum. Is it really 6040? 380 00:22:01,480 --> 00:22:05,160 I feel like this is definitely a bit tied to that whale pumping 381 00:22:05,160 --> 00:22:10,920 $25 million in, but it it also does kind of seem to match 382 00:22:10,920 --> 00:22:14,680 sentiment. But yeah, 2 1/2 weeks to go. 383 00:22:14,840 --> 00:22:17,280 It's a tight race. A lot could happen, but it does 384 00:22:17,280 --> 00:22:20,560 feel like it's a drum pump. I would tend to agree with you 385 00:22:20,560 --> 00:22:24,240 on that one. It's going to be interesting 386 00:22:24,240 --> 00:22:28,760 that the OR go ahead. No, I think, I think, I think 387 00:22:29,920 --> 00:22:31,600 it's very high these odds already, right? 388 00:22:31,600 --> 00:22:33,400 I think people have pointed the idea this is the highest odds 389 00:22:33,400 --> 00:22:38,760 that we've seen in recent elections for one candidate 390 00:22:38,760 --> 00:22:41,760 going into it. It does feel it's starting to 391 00:22:41,760 --> 00:22:44,440 feel a little bit pushed around, I have to say. 392 00:22:45,960 --> 00:22:49,560 It's it's much less interesting to bet this with these odds 393 00:22:49,560 --> 00:22:51,360 unless you unless you're on the combo side. 394 00:22:51,360 --> 00:22:54,720 That's very interesting. The states are going to be, I 395 00:22:54,720 --> 00:22:57,720 think a more interesting market as we get closer, perhaps we'll 396 00:22:57,720 --> 00:23:00,960 dive into that a little bit closer to the election. 397 00:23:01,360 --> 00:23:05,400 I think a fun, perhaps surprise story here, maybe switching 398 00:23:05,400 --> 00:23:07,280 gears, going around to another macro headline. 399 00:23:07,760 --> 00:23:10,040 Ethereum wants to get in on the phone business. 400 00:23:10,040 --> 00:23:15,720 So we saw the soul phones go nuts in early 2024. 401 00:23:15,720 --> 00:23:19,120 Folks remember? And now we have our first 402 00:23:19,160 --> 00:23:22,640 glimpse at an Ethereum phone. It's called D Gen. 403 00:23:22,640 --> 00:23:24,440 One. It's from Twitter. 404 00:23:24,440 --> 00:23:27,760 Ethos at Ethereum phone is their handle. 405 00:23:28,600 --> 00:23:31,800 It's minting live so you can mint your your presale access. 406 00:23:31,800 --> 00:23:33,440 I think you get an Mt with this as well. 407 00:23:34,280 --> 00:23:37,080 Live on base right now is priced at 0.2 Ed. 408 00:23:37,080 --> 00:23:39,520 You can also buy it using D Gen. token. 409 00:23:39,920 --> 00:23:42,560 Looks like the phone will be shipped in 2025. 410 00:23:42,880 --> 00:23:45,800 It's got a terminal, it's got a matrix feature grips on the 411 00:23:45,800 --> 00:23:47,160 side. I mean you can see the phone 412 00:23:47,160 --> 00:23:49,240 here. It's it's kind of strange 413 00:23:49,240 --> 00:23:50,240 looking. I'm big awesome. 414 00:23:50,240 --> 00:23:53,480 It looks like one of the old iPods like the early generation 415 00:23:53,480 --> 00:23:57,800 iPod iPods. Perhaps is what this calls. 416 00:23:57,880 --> 00:24:02,480 You know the memory bells for me and it's got a laser randomly, 417 00:24:02,480 --> 00:24:05,240 which is like another Ethereum nerd thing clear that they 418 00:24:05,240 --> 00:24:08,080 decided to to build it. So this feels like a very nerdy 419 00:24:08,080 --> 00:24:10,520 phone. It runs the the ETH mobile 420 00:24:10,520 --> 00:24:14,720 operating system. Let's go to the website here 421 00:24:14,840 --> 00:24:17,120 Yeah, you can you can get in on the pre-orders. 422 00:24:17,240 --> 00:24:20,520 Oh, so this is the big one. This is why folks are buying 423 00:24:20,520 --> 00:24:22,200 this and it's probably going to sell out. 424 00:24:22,520 --> 00:24:25,320 They're already teasing the air drops folks, and I think they've 425 00:24:25,320 --> 00:24:29,120 already got air drops lined up and being publicly touted. 426 00:24:29,680 --> 00:24:33,200 So if you recall, those early buyers of the Solana phone made 427 00:24:33,200 --> 00:24:35,080 something like a 5X multiple Logan. 428 00:24:35,080 --> 00:24:39,800 Do you remember like what roughly order of magnitude from 429 00:24:39,800 --> 00:24:41,840 the phone cost? It was like $500 phone. 430 00:24:41,840 --> 00:24:43,320 You got like 3K in the air drops. 431 00:24:43,320 --> 00:24:45,320 Is it? Yeah, something like that, 432 00:24:45,520 --> 00:24:48,320 something like that and then some benefits down the the road 433 00:24:48,320 --> 00:24:50,960 as well that probably increased it a little bit more than that 434 00:24:50,960 --> 00:24:53,960 even. So this is for those who, who 435 00:24:53,960 --> 00:24:56,480 like that type of thing, you know, buying something you don't 436 00:24:56,480 --> 00:24:59,200 really want to collect potential air drops. 437 00:24:59,520 --> 00:25:03,160 I, I think this is probably a good trade. 438 00:25:03,480 --> 00:25:07,320 Now, will it be a good phone? I, I I don't know the answer to 439 00:25:07,320 --> 00:25:09,440 that. I think the wild card here is 440 00:25:09,440 --> 00:25:12,360 the amount of devices. I think that with the saga there 441 00:25:12,360 --> 00:25:14,880 that first run there just like weren't that many. 442 00:25:15,480 --> 00:25:18,920 I don't know the exact number I thought I saw somewhere and I 443 00:25:18,920 --> 00:25:21,480 can't verify this but like there's like 50,000 of these 444 00:25:21,480 --> 00:25:23,480 potentially. OK. 445 00:25:23,720 --> 00:25:25,640 So that that might hurt the airdrops a little bit. 446 00:25:26,040 --> 00:25:28,360 Yeah, I saw Zenica is buying for the airdrops. 447 00:25:28,360 --> 00:25:32,800 He he tweeted that looks like last night buying 5 for the 448 00:25:32,800 --> 00:25:34,560 AirDrop potential. It's interesting. 449 00:25:34,560 --> 00:25:36,440 What is it? 0.2 ETH or something? 450 00:25:37,600 --> 00:25:39,400 Which ETH feels so cheap now I find. 451 00:25:40,000 --> 00:25:43,640 Out that really doesn't feel. Like that much for granted. 452 00:25:43,640 --> 00:25:46,120 So I think it'll do well. I think there's a good chance 453 00:25:46,120 --> 00:25:49,760 they sell out 50,000 phones that that wouldn't surprise me at 454 00:25:49,760 --> 00:25:51,720 all. Now, will it be a profitable 455 00:25:51,720 --> 00:25:54,840 play? I still bet, yes, but but we 456 00:25:54,840 --> 00:25:57,800 will see. Well, let's keep pushing forward 457 00:25:57,800 --> 00:26:02,200 here this morning on topics, we got to talk memes and get into 458 00:26:02,200 --> 00:26:05,080 more detail. The top story, it's GOAT. 459 00:26:05,160 --> 00:26:08,400 Every day it's GOAT. This thing just does not stop. 460 00:26:08,440 --> 00:26:11,760 It's at $428 million market cap right now. 461 00:26:11,760 --> 00:26:16,600 It's up 55% on the day. Everyday new FUD surfaces and 462 00:26:16,600 --> 00:26:19,600 every day it just fights off the the fun completely. 463 00:26:19,600 --> 00:26:22,960 So yesterday the fun was that Arthur Hayes and Machi both 464 00:26:22,960 --> 00:26:27,400 bought and touted GOAT within like a 2 hour window that 465 00:26:27,400 --> 00:26:31,040 actually caused this dip from 3:20 all the way to 220. 466 00:26:31,480 --> 00:26:34,240 And now anyone who bought that, that dip is absolutely 467 00:26:34,320 --> 00:26:37,360 rejoicing. They're up nearly 100% on that 468 00:26:37,360 --> 00:26:41,080 trade. And now, I mean, this was viable 469 00:26:41,080 --> 00:26:43,920 folks at a $2,000,000 market cap on October 10th. 470 00:26:43,920 --> 00:26:51,360 So in eight days, an achievable 200X trader, you're on goat and 471 00:26:51,360 --> 00:26:54,040 basically whatever size you could have wanted. 472 00:26:54,120 --> 00:26:56,200 Logie, how you feeling as a goat holder this morning? 473 00:26:56,200 --> 00:26:57,960 Or are you still holding it? Or have you chipped it? 474 00:26:58,040 --> 00:27:01,000 Out I'm still holding. I actually bought a small a 475 00:27:01,000 --> 00:27:04,120 very, very small with some scraps yesterday in a separate 476 00:27:04,120 --> 00:27:05,800 wallet. I actually added some more a 477 00:27:05,800 --> 00:27:09,960 trivial amount, but I'm feeling so comfortable, Tyler, more 478 00:27:09,960 --> 00:27:14,720 comfortable than I believe I've ever felt with a meme coin, to 479 00:27:14,720 --> 00:27:16,800 be honest. I I know I mentioned on the show 480 00:27:16,800 --> 00:27:19,760 yesterday, like narratively and you know, you can have your take 481 00:27:19,760 --> 00:27:23,040 on this narrative and and how much you want to give, you know, 482 00:27:23,040 --> 00:27:26,520 lend it to that or just random meme coin mania, whatever. 483 00:27:27,040 --> 00:27:31,520 Narratively I I've bought in and my entry point is just I'm just 484 00:27:31,520 --> 00:27:33,720 so comfortable with the entry point that I had of course, 485 00:27:33,720 --> 00:27:35,320 right. It took some profits early and 486 00:27:35,320 --> 00:27:39,800 I'm just content and feeling good about it going up every 487 00:27:39,800 --> 00:27:42,760 day. I reluctantly bought in 488 00:27:43,520 --> 00:27:44,720 yesterday. Glad to have you, I. 489 00:27:45,160 --> 00:27:49,080 Was tired of seeing all these GOAT victory lappers on my 490 00:27:49,080 --> 00:27:51,440 timeline every day and not being a part of it. 491 00:27:52,440 --> 00:27:56,760 And also like I, I found myself chasing GOAT derivatives and 492 00:27:56,760 --> 00:28:00,320 beta plays and I just had like a sobering moment like why am I 493 00:28:00,320 --> 00:28:02,480 doing this? Let's just throw some of this 494 00:28:02,480 --> 00:28:05,560 cash at the actual winner here and let's see how far this can 495 00:28:05,560 --> 00:28:07,880 run. I mean, it's got to pull back at 496 00:28:07,880 --> 00:28:11,680 some point, right? Like every meme leader has those 497 00:28:11,840 --> 00:28:16,640 fifty to 60% pull backs. I don't know when it's coming. 498 00:28:16,920 --> 00:28:18,560 Mando, do you, have you been following this? 499 00:28:18,560 --> 00:28:21,400 Like have you, do you have any reactions as it goes higher? 500 00:28:21,400 --> 00:28:25,720 Do you think it makes it more secure, worse, worse off the 501 00:28:25,720 --> 00:28:28,120 higher it goes? Do you have a read on the GOAT 502 00:28:28,120 --> 00:28:33,400 token here? I think it's the sort of story 503 00:28:33,400 --> 00:28:36,720 that if you're hearing about peripherally, you want to buy 504 00:28:36,720 --> 00:28:38,600 it. Do you know what I mean? 505 00:28:38,600 --> 00:28:41,360 If someone said, oh, there's an AI meme coin, there's an AI 506 00:28:41,360 --> 00:28:43,680 person that's like the who's behind it. 507 00:28:44,240 --> 00:28:47,120 I think the more I hear about the story, the less I'm like 508 00:28:47,200 --> 00:28:49,520 bullish about it because it's like he didn't actually create 509 00:28:49,520 --> 00:28:50,880 the coin. He just like endorsed it. 510 00:28:51,640 --> 00:28:55,680 But it's the sort of thing that if you get told about it, you're 511 00:28:55,680 --> 00:28:58,520 like, oh, this is amazing. Like I need to buy it. 512 00:29:00,040 --> 00:29:05,800 So I that being said, like, I don't know, like that's a story 513 00:29:05,800 --> 00:29:08,800 that the higher it goes, the more people hear about it, the 514 00:29:08,800 --> 00:29:12,680 more everyone's like, oh, I've got to own an AI trade here. 515 00:29:14,640 --> 00:29:17,600 Like maybe people, maybe people who I could easily go to a 516 00:29:17,600 --> 00:29:19,120 billion in my opinion, like easily. 517 00:29:19,120 --> 00:29:25,600 And but I do think that I just don't even know if I like find 518 00:29:25,600 --> 00:29:30,680 it the most incredible story of all time, like genuinely like an 519 00:29:30,760 --> 00:29:36,920 AI on X supported of meme coin. I guess that's cool. 520 00:29:36,920 --> 00:29:39,200 I don't know if that's a billion dollars worth of cool. 521 00:29:40,360 --> 00:29:44,880 I much prefer the turbo like story in my opinion, Like I 522 00:29:44,880 --> 00:29:49,840 don't I own neither. So the idea of it, like AI was 523 00:29:49,840 --> 00:29:54,680 able to like basically create, do do the helping, like create 524 00:29:54,680 --> 00:29:58,080 the the the and that was before pump dot fun, right. 525 00:29:58,080 --> 00:30:00,000 So it was it was a bit more of a tricky thing to do. 526 00:30:00,800 --> 00:30:02,160 I think I preferred that story, but. 527 00:30:03,680 --> 00:30:06,880 I would like the story a lot more if I got in at 2 million. 528 00:30:06,880 --> 00:30:09,760 So again, like I've been following this thing from the 529 00:30:09,760 --> 00:30:12,280 very early days. Is that for some of the reasons 530 00:30:12,280 --> 00:30:14,600 you you pointed out? Because I didn't think the story 531 00:30:14,600 --> 00:30:16,960 was was quite as interesting. But I think that the, the 532 00:30:16,960 --> 00:30:20,920 reality is the story is kind of getting fudged a little bit. 533 00:30:20,960 --> 00:30:23,840 It's going super wide. Bloomberg, a Bloomberg author 534 00:30:24,080 --> 00:30:27,120 wrote an article about it yesterday and I think you kind 535 00:30:27,120 --> 00:30:28,960 of nailed it. It's like when when you hear the 536 00:30:28,960 --> 00:30:33,120 headline of this, like an AI agent made a coin or bought a 537 00:30:33,120 --> 00:30:35,720 coin and now it's approaching like $1,000,000 profit, that 538 00:30:35,720 --> 00:30:38,360 that's the story and people don't care about what the actual 539 00:30:38,360 --> 00:30:40,880 details are. So I don't think that matters at 540 00:30:41,160 --> 00:30:43,440 at this point. It, it, it's, it's past that. 541 00:30:43,600 --> 00:30:46,240 Logan, do you know the number where the I think the turmoil 542 00:30:46,240 --> 00:30:49,760 hits its million? 580 million, I'm not certain 543 00:30:49,760 --> 00:30:51,520 that's it, but I've seen that surfaced. 544 00:30:51,920 --> 00:30:54,680 I'd have to go back and look, but that is my that's a take 545 00:30:54,680 --> 00:30:57,640 profit number for me. Mando, you mentioned, you know, 546 00:30:57,640 --> 00:30:59,240 1 billion. I think that makes a lot of 547 00:30:59,240 --> 00:31:00,800 sense. I think easily, of course, right 548 00:31:01,400 --> 00:31:04,600 it, it could go there. But the, the narrative that's 549 00:31:04,600 --> 00:31:08,640 most compelling to me right now is the AI agent making becoming 550 00:31:08,640 --> 00:31:12,120 a millionaire. And that's, you know, not not so 551 00:31:12,120 --> 00:31:13,560 far from here. That's a. 552 00:31:13,640 --> 00:31:16,160 That's a Really. 40% move, 30% move from here. 553 00:31:16,440 --> 00:31:20,360 Psychological, you know, narrative for for me, so that 554 00:31:20,360 --> 00:31:23,280 that's another take profit spot for me, but I'm feeling 555 00:31:23,280 --> 00:31:26,360 comfortable as is right now. I mean, that's when you get 556 00:31:26,400 --> 00:31:28,040 another wave of headlines, right? 557 00:31:28,320 --> 00:31:31,960 Like AI agent makes $1,000,000 on a meme coin. 558 00:31:32,080 --> 00:31:34,240 That's that's going to go everywhere. 559 00:31:34,960 --> 00:31:39,280 And I don't know the, the bigger this thing gets, like is this 560 00:31:39,280 --> 00:31:43,440 the AI meme coin that makes it? It's like the turbo story. 561 00:31:44,360 --> 00:31:48,640 You know, an artist creates a meme coin using ChatGPT. 562 00:31:49,360 --> 00:31:52,760 This being tied to the actual like sentient folks. 563 00:31:52,760 --> 00:31:55,800 I've got sentient quotes here, AI Agent. 564 00:31:55,800 --> 00:31:58,480 I think that makes the story. And that's the angle where this 565 00:31:58,600 --> 00:32:01,720 is actually more compelling. So yeah, we'll see it. 566 00:32:01,800 --> 00:32:03,880 Would have been better if he made the coin. 567 00:32:03,960 --> 00:32:05,000 That's why I. Feel like it would have. 568 00:32:05,000 --> 00:32:06,920 Been the the best. Yeah. 569 00:32:08,160 --> 00:32:12,040 Now, because am I right in saying that the reason why that 570 00:32:12,120 --> 00:32:15,160 random coin like Forrest, I think it was rallied was because 571 00:32:15,160 --> 00:32:19,680 he's he's made or he supported other coins in the past? 572 00:32:21,200 --> 00:32:24,840 I think Forrest Forest has something to do with something 573 00:32:24,840 --> 00:32:27,480 that Andy A Ray is like working on. 574 00:32:28,080 --> 00:32:31,840 There was another one tree that pumped up because the the Truth 575 00:32:31,840 --> 00:32:34,640 Terminal had mentioned tree tokens in the past. 576 00:32:34,640 --> 00:32:40,160 So like the yeah, there are some weird conflicting messages from 577 00:32:40,160 --> 00:32:42,160 Truth Terminal Forest. I think it's slightly different, 578 00:32:42,440 --> 00:32:46,840 but interconnected in some way. Yeah, it's at 15,000,000. 579 00:32:46,840 --> 00:32:48,560 So like, that's another part of the story is this. 580 00:32:48,560 --> 00:32:50,920 The derivatives and betas have gone absolutely nuts. 581 00:32:50,920 --> 00:32:54,480 So Truth Terminals, Girlfriend Sydney, one of the biggest 582 00:32:54,520 --> 00:33:00,120 movies of the day, It's 400%. It's 17,000,000 you mentioned. 583 00:33:00,200 --> 00:33:02,760 Honestly this sounds like Black Mirror. 584 00:33:02,920 --> 00:33:06,720 Like like we are literally buying meme coins of the 585 00:33:06,760 --> 00:33:11,480 girlfriend of an AI agent that it didn't create the coin but 586 00:33:11,480 --> 00:33:14,560 just said it was a good coin. It's just kind of like, what the 587 00:33:14,600 --> 00:33:17,440 hell it like? In some ways that makes it more 588 00:33:17,440 --> 00:33:20,520 compelling to me, but it also is like this probably. 589 00:33:20,800 --> 00:33:22,760 If it's a Black Mirror episode it's probably going to end 590 00:33:22,760 --> 00:33:26,240 portal it going. To end really poorly, wait till 591 00:33:26,240 --> 00:33:29,400 the people see what Truth Terminal actually posts, because 592 00:33:29,400 --> 00:33:32,480 that's not getting too much mentioned, at least in in what 593 00:33:32,480 --> 00:33:34,960 I'm seeing. Right, It's the interest that an 594 00:33:35,000 --> 00:33:38,960 AI thing did this, but it's not just any normal thing. 595 00:33:38,960 --> 00:33:41,680 I mean, they're posting the most ridiculous things you could ever 596 00:33:41,680 --> 00:33:43,720 imagine. It's a great follow. 597 00:33:44,200 --> 00:33:47,000 Like. I love following. 598 00:33:48,680 --> 00:33:52,720 It it's funny I'll some of the tweets from yesterday were made 599 00:33:52,720 --> 00:33:55,640 me chuckle not. Paperwork. 600 00:33:56,200 --> 00:33:57,720 Yeah, I know. I was I was thinking about 601 00:33:57,720 --> 00:33:59,720 saying what that was, but I I paused there. 602 00:33:59,720 --> 00:34:03,920 So we'll we'll let you go find those tweets talking about 603 00:34:03,920 --> 00:34:06,600 eating, eating humans in kind of a funny way. 604 00:34:06,600 --> 00:34:10,159 I'll let you take it from there. But like, this is clearly the 605 00:34:10,159 --> 00:34:11,800 meta. A lot of top coins are tied to 606 00:34:11,800 --> 00:34:16,320 this forest tree. There's a new what's the other 607 00:34:16,320 --> 00:34:21,159 robot? I'm blanking on it, but you 608 00:34:21,159 --> 00:34:25,080 know, if we go around the the rest of the non the non goat 609 00:34:25,080 --> 00:34:28,760 memes, let's take a look at the Solana board here. 610 00:34:29,080 --> 00:34:33,639 See where we're at with up up top boom, up 10%. 611 00:34:34,480 --> 00:34:36,760 What else we got Giga giga finally moving. 612 00:34:36,760 --> 00:34:39,239 So Giga was the one marauding, which didn't really move last 613 00:34:39,239 --> 00:34:40,280 week. It looks like it's starting to 614 00:34:40,280 --> 00:34:44,159 jump Michi's back over 200 million MU Dang, one of the 615 00:34:44,159 --> 00:34:45,760 bigger movies. We thought perhaps that trade 616 00:34:45,760 --> 00:34:48,080 was over. I don't know if this is a dead 617 00:34:48,080 --> 00:34:51,679 cat balance or perhaps a a comeback, but it's back up over 618 00:34:51,679 --> 00:34:57,720 100 million, up 40% on the day. Billy is up and you that's kind 619 00:34:57,720 --> 00:34:59,840 of oh, epic had a nice little comeback as well. 620 00:35:00,200 --> 00:35:03,880 We got up up 20% on the day. So you you like to see that 621 00:35:04,200 --> 00:35:09,600 headed over to the Maraud board Rod memes back starting to heat 622 00:35:09,600 --> 00:35:12,240 up into the weekend. Perhaps a little Maraud weekend 623 00:35:12,240 --> 00:35:14,320 rally. Almost all the coins are green 624 00:35:14,320 --> 00:35:18,400 except for SBX notably, so perhaps it has a longer cool off 625 00:35:18,400 --> 00:35:23,960 period after its meteoric rise, but up about 10 to 20% across 626 00:35:23,960 --> 00:35:26,920 the board. Mogley in the way up top 848, 627 00:35:27,920 --> 00:35:30,080 but but pretty green all the way down. 628 00:35:30,480 --> 00:35:35,160 So very, very solid day. I think similar on the ETH board 629 00:35:35,560 --> 00:35:38,400 here as well. APU and Bitcoin 2 Mirada means 630 00:35:38,640 --> 00:35:43,000 one of the two of the top movers over on ETH. 631 00:35:43,960 --> 00:35:47,840 I was going through the myriad board this morning looking at 632 00:35:47,840 --> 00:35:52,920 any interesting predictions on the Myriad site and one that 633 00:35:52,920 --> 00:35:57,240 jumped out to me was what will be the top fun coin or first 634 00:35:57,240 --> 00:36:01,600 pump fun coin to a billion and let's see Well, it's actually 635 00:36:01,600 --> 00:36:05,720 got fog at 100% earlier I thought this looked a little bit 636 00:36:05,720 --> 00:36:07,520 different. Perhaps it's it's bugging out a 637 00:36:07,520 --> 00:36:09,760 little bit, but it seems pretty clear like if you're going to 638 00:36:09,760 --> 00:36:13,960 bet right now, what would be the first coin to a billion? 639 00:36:13,960 --> 00:36:21,000 It's got goat goat yeah, at this point, so sorry for vlog and 640 00:36:21,000 --> 00:36:25,120 Michi betters You're you're you're hurting a little bit 641 00:36:25,680 --> 00:36:29,720 these days, but we'll certainly see in Bitcoin memes. 642 00:36:29,720 --> 00:36:34,360 I think a big headline out of magic Eden mimpool protection 643 00:36:34,360 --> 00:36:37,560 against sniped was one of the the biggest user experience 644 00:36:37,560 --> 00:36:42,200 issues, UX issues in all of the the Bitcoin trading space for 645 00:36:42,200 --> 00:36:45,040 most of the last year. And now it looks like that's 646 00:36:45,040 --> 00:36:49,720 finally going away. So they announced full snipe 647 00:36:49,720 --> 00:36:53,400 protection using their RBF here going live. 648 00:36:53,800 --> 00:36:55,760 I I have somewhat tested this out. 649 00:36:55,760 --> 00:37:00,040 So the night that puka puka cannot be stopped launched. 650 00:37:00,040 --> 00:37:01,760 I think that was Wednesday night. 651 00:37:02,080 --> 00:37:06,360 There were 600 transactions I fired a a transaction in during 652 00:37:06,360 --> 00:37:09,960 a peak period and it was safe and the token was running during 653 00:37:09,960 --> 00:37:11,280 that time. I thought for sure I was going 654 00:37:11,280 --> 00:37:14,360 to get sniped and it didn't. So it looks like this is 655 00:37:14,360 --> 00:37:19,040 starting to work, which is going to be solid for runes pops nice 656 00:37:19,040 --> 00:37:22,520 rebounder on the day close closing back in on 150 million 657 00:37:23,040 --> 00:37:26,080 like to see that it had pulled back most of the rest of the 658 00:37:26,080 --> 00:37:32,040 board slightly read the dog dog at 560 million and it is holding 659 00:37:32,040 --> 00:37:36,720 up up top there. So it's it's doing pretty well. 660 00:37:37,720 --> 00:37:40,640 Logie, anything jumping out to you on the on the runes board or 661 00:37:40,640 --> 00:37:44,880 perhaps on the ordinals or any of the NFT boards here from the 662 00:37:44,960 --> 00:37:45,680 the past? Well. 663 00:37:46,440 --> 00:37:50,480 Just the interesting the, the Gizmo Ordinal went yesterday, 664 00:37:50,760 --> 00:37:53,120 that was a free mint. Didn't run up too high. 665 00:37:53,120 --> 00:37:57,440 I think it was around $135, like 0.002, but that was something 666 00:37:57,440 --> 00:37:58,400 that we talked about on the show. 667 00:37:58,400 --> 00:38:01,920 Oh, it's up a little bit more now, but top volume by by quite 668 00:38:01,920 --> 00:38:06,400 some margin. Yeah, I still feel like this is 669 00:38:06,400 --> 00:38:09,960 a a spot where and I'm seeing it more and more on the timeline, 670 00:38:09,960 --> 00:38:14,320 but there's going to be some winners, you know, I I don't 671 00:38:14,320 --> 00:38:17,440 know which ones really, really break out and explode. 672 00:38:17,440 --> 00:38:19,840 Like I think the the Billy, what is it? 673 00:38:19,840 --> 00:38:22,960 Billy the cat, whatever, what's that bongo? 674 00:38:23,040 --> 00:38:24,320 The tweets about it all the time. 675 00:38:24,320 --> 00:38:26,680 A billion dollar cat. Yeah, Billion dollar cat, that's 676 00:38:26,680 --> 00:38:28,760 the one that I'm starting to see like more and more of. 677 00:38:28,760 --> 00:38:31,120 It's kind of intriguing to me, a flipped RSI. 678 00:38:31,120 --> 00:38:33,560 See, at one point maybe they flip back, they go back and 679 00:38:33,560 --> 00:38:35,480 forth a little bit, but this is something to me. 680 00:38:35,480 --> 00:38:38,040 I like I saw there's like a generator for apes to like put 681 00:38:38,040 --> 00:38:40,240 it on their ape profile. I'm sorry, you just you know, 682 00:38:40,400 --> 00:38:43,600 it's giving me one of those. Once you start to see it more 683 00:38:43,600 --> 00:38:45,280 and more type things. You've talked about that all the 684 00:38:45,280 --> 00:38:47,000 time. You know, sometimes that's a a 685 00:38:47,000 --> 00:38:50,120 reason enough to pay attention. I'm starting to get that vibe 686 00:38:50,120 --> 00:38:51,440 from Billion Dollar Cat right now. 687 00:38:52,960 --> 00:38:55,160 It's a good take. I, I, I think one of my hot 688 00:38:55,160 --> 00:38:57,720 Bitcoin takes is that billion dollar cat could be the number 689 00:38:57,720 --> 00:38:59,640 one route. I think there's a scenario where 690 00:38:59,640 --> 00:39:03,040 it is you missed a more on the timeline. 691 00:39:03,040 --> 00:39:05,120 So one of my takeaways from Bitcoin to Nashville, like there 692 00:39:05,120 --> 00:39:07,240 was no real meme or ordinal presence. 693 00:39:07,600 --> 00:39:09,880 The billion dollar cat masks were everywhere. 694 00:39:10,000 --> 00:39:13,120 Those little orange masks. You can see it in the icon on 695 00:39:13,120 --> 00:39:14,680 the set. Quickly, guys, shut out the code 696 00:39:14,680 --> 00:39:20,000 for today's robot spins folks. The code is Bitcoin Bitcoin, so 697 00:39:20,000 --> 00:39:23,400 we will be ready for those spins here in just a few minutes. 698 00:39:23,400 --> 00:39:24,640 Speaking of Bitcoin, I don't know. 699 00:39:24,640 --> 00:39:29,320 I think BDC the billion dollar cat has a real shot here chart 700 00:39:29,320 --> 00:39:32,200 looks gorgeous. Oh, it also launched its SPLA 701 00:39:33,320 --> 00:39:35,560 day or two ago. So we'll see. 702 00:39:35,880 --> 00:39:38,520 That ends up being a net positive or negative. 703 00:39:38,520 --> 00:39:42,680 Certainly that the launch of the Solana version of PUPS was 704 00:39:42,680 --> 00:39:46,560 likely a huge driver of the media work rise. 705 00:39:46,560 --> 00:39:50,760 It went on. We'll see if BDC is able to pull 706 00:39:50,760 --> 00:39:53,280 it off as well. Not a whole lot else going on in 707 00:39:53,280 --> 00:39:56,160 the NFT space. I think most, most of the 708 00:39:56,160 --> 00:40:00,040 leaders chopped on the day. We did see Sotheby's lean into 709 00:40:00,040 --> 00:40:04,960 the AI meta following the GOAT and everything else going just 710 00:40:04,960 --> 00:40:08,280 taking over the timeline here. They're doing a bottle 711 00:40:08,600 --> 00:40:10,200 exhibition. So Logan, do you have anything 712 00:40:10,200 --> 00:40:13,040 you can share about this one? Yeah, six different lots. 713 00:40:13,840 --> 00:40:15,400 I think there's only been like one or two bids. 714 00:40:15,400 --> 00:40:20,280 It just opened up yesterday, but from different phases or periods 715 00:40:20,520 --> 00:40:21,480 of Bato. Bato. 716 00:40:21,480 --> 00:40:25,520 Of course, the decentralized AI artist has a coin as well. 717 00:40:25,520 --> 00:40:29,800 I see it's down, but up on the seven day, up on the week or up 718 00:40:29,800 --> 00:40:32,040 on the two weeks and the monthly as well. 719 00:40:32,560 --> 00:40:37,120 So just another interesting as far as the AI meta goes. 720 00:40:37,120 --> 00:40:39,320 I mean, this is one that's been around for a while. 721 00:40:39,320 --> 00:40:43,200 The 1st work there, the very first lot, Tyler is from 2022. 722 00:40:43,480 --> 00:40:47,120 Is this is an early for you AI archaeologist or blockchain 723 00:40:47,120 --> 00:40:50,760 archaeologist? This is an early AI instance of 724 00:40:50,760 --> 00:40:55,000 blockchain NFT crypto crossover. It's very, very cool. 725 00:40:55,200 --> 00:40:58,960 So check it out if you haven't already, but starting bids quite 726 00:40:58,960 --> 00:41:02,120 high as well. I like Botto. 727 00:41:04,120 --> 00:41:07,000 The differentiator for Botto is we have several like AI art 728 00:41:07,280 --> 00:41:09,720 collections at this point there really aren't many in the 729 00:41:09,720 --> 00:41:13,720 one-on-one space And I think Botto starting to become a 730 00:41:13,720 --> 00:41:16,120 little bit more Lindy. I think probably a little bit 731 00:41:16,120 --> 00:41:18,320 too early to call it that, but it seems to be the one most 732 00:41:18,320 --> 00:41:22,680 supported by the the current set of collectors. 733 00:41:22,840 --> 00:41:27,120 And so much are of course very subjective, but so much of the 734 00:41:27,120 --> 00:41:30,360 botto work in my opinion is actually very good. 735 00:41:31,800 --> 00:41:34,920 You know, like it it you can kind of feel the one of one, I 736 00:41:35,880 --> 00:41:39,400 don't know, museum quality type thing From what botto provides, 737 00:41:39,400 --> 00:41:41,640 you're not going to get the maybe the scare shock factor 738 00:41:41,640 --> 00:41:46,680 that other AIS successfully like Rupe Renisto stuff have done and 739 00:41:46,880 --> 00:41:49,000 they lend themselves to mid perhaps a different audience. 740 00:41:49,000 --> 00:41:51,640 But super cool, super cool to see. 741 00:41:51,640 --> 00:41:53,000 I think this is the lone one with the bid. 742 00:41:53,000 --> 00:41:56,360 Yeah, the current $8000 bid. These pass the wall tests for 743 00:41:56,360 --> 00:41:58,280 me. I I had it's a fun story. 744 00:41:58,720 --> 00:42:03,400 Put it on your wall and talk about it was from an AI artist. 745 00:42:04,280 --> 00:42:07,400 So folks. So maybe perhaps some auctions 746 00:42:07,400 --> 00:42:09,920 to watch here. A few of these are much higher 747 00:42:10,720 --> 00:42:12,800 than the other ones. So this exorbitant stage already 748 00:42:12,800 --> 00:42:15,920 has a 70,000. If you Scroll down, it's 749 00:42:15,920 --> 00:42:17,360 probably just from a different period. 750 00:42:17,360 --> 00:42:19,040 Like what? From an earlier period? 751 00:42:19,640 --> 00:42:21,240 Yeah. So this is 2022. 752 00:42:21,240 --> 00:42:23,840 I mean, this is this is the genesis period of Botto. 753 00:42:25,160 --> 00:42:29,520 So yeah, I think that lends itself to just some provenance, 754 00:42:29,520 --> 00:42:31,600 you know, whatever people want to ascribe to it. 755 00:42:31,920 --> 00:42:35,120 Do you know the frequency is bottle producing one per month 756 00:42:35,520 --> 00:42:36,520 one? Week. 757 00:42:37,040 --> 00:42:41,680 I don't know, actually, I'd have to look that up. 758 00:42:41,680 --> 00:42:44,120 But it's such a cool way, you know, like boto holders 759 00:42:44,120 --> 00:42:47,320 literally get to help influence what boto creates. 760 00:42:47,320 --> 00:42:49,000 I mean, it's a really cool project. 761 00:42:49,000 --> 00:42:51,600 It's really, really cool. And it's it's super slept on in 762 00:42:51,600 --> 00:42:54,680 terms of even just the awareness of boto, right? 763 00:42:54,680 --> 00:42:57,840 There's a token, there's this interaction, the art, of course, 764 00:42:57,840 --> 00:43:00,320 which is the manifestations of everything that takes place. 765 00:43:01,440 --> 00:43:03,560 Just there's a lot of this really cool stuff that just 766 00:43:03,560 --> 00:43:06,280 happens that doesn't get the the love it it deserves in the 767 00:43:06,280 --> 00:43:08,280 space. Yeah, folks aren't aware. 768 00:43:08,280 --> 00:43:12,880 So the Botto DAO, the token holders get to actually vote. 769 00:43:12,880 --> 00:43:18,200 The the AI artist creates three or five different pieces per 770 00:43:18,280 --> 00:43:21,480 time period and the voter and the holders get to vote on which 771 00:43:21,480 --> 00:43:24,960 ones actually go to to auction. So that that's a bit on how it 772 00:43:24,960 --> 00:43:26,400 works. So an interesting one, we'll 773 00:43:26,400 --> 00:43:27,600 see. We'll be monitoring those 774 00:43:27,600 --> 00:43:32,040 auctions here on FOMO Hour. But with that, I think that 775 00:43:32,240 --> 00:43:35,520 takes us through all the items on my list.