1 00:00:00,160 --> 00:00:11,480 Oh yo-yo yo what up what up this morning this morning GMG Monday 2 00:00:12,080 --> 00:00:19,840 August 12th 2020 look at that another beautiful day to have a 3 00:00:19,840 --> 00:00:24,360 beautiful day. I got my Co host in the house. 4 00:00:26,000 --> 00:00:29,480 Mando how you guys doing today? Busy man, how are you? 5 00:00:30,560 --> 00:00:33,520 Crazy as fuck. We love it. 6 00:00:33,520 --> 00:00:35,520 You know, people are coming back from vacation now. 7 00:00:35,520 --> 00:00:40,520 So you know, foremost stop ringing it's in in a good way, 8 00:00:40,520 --> 00:00:43,120 busy, busy, you know, market market conditions. 9 00:00:43,120 --> 00:00:47,000 Let me tell you all in the people who are listening market 10 00:00:47,000 --> 00:00:50,400 conditions definitely don't don't reflect the back and 11 00:00:50,400 --> 00:00:55,560 busyness of of our industry. It's it is busy. 12 00:00:55,840 --> 00:00:58,160 Tyler, how you doing? I'm good. 13 00:00:58,160 --> 00:01:00,240 It's a beautiful summer weekend here in Chicago. 14 00:01:00,240 --> 00:01:03,080 Weather's just been perfect and I'm kind of with you. 15 00:01:03,080 --> 00:01:05,040 I feel like summer is almost over. 16 00:01:05,280 --> 00:01:07,840 Kind of ready for it, ready to get into fall, but we still. 17 00:01:07,840 --> 00:01:10,640 Over the whole thing now. So I'm fucking over summer. 18 00:01:10,640 --> 00:01:11,920 Bring on Christmas. I'm done. 19 00:01:11,920 --> 00:01:13,600 Like, you know what I mean? Like there's a point for me. 20 00:01:13,600 --> 00:01:17,120 It's like summer, yeah, I enjoy. Then it was my birthday. 21 00:01:17,120 --> 00:01:19,920 It's really where like, I feel we like, it's around Labor Day 22 00:01:19,920 --> 00:01:21,240 weekends. It's when people really get back 23 00:01:21,240 --> 00:01:23,400 mentally to work, I feel. And that's all right. 24 00:01:23,400 --> 00:01:24,600 Take me to Christmas. I'm done. 25 00:01:24,720 --> 00:01:26,840 Like, fuck it. Like, I, you know, it's over. 26 00:01:26,880 --> 00:01:29,080 Yeah, I, I was talking to my girlfriend this week. 27 00:01:29,080 --> 00:01:31,880 I was like, not even an inch of vacation. 28 00:01:31,880 --> 00:01:33,080 Nothing. No relaxing. 29 00:01:33,080 --> 00:01:36,760 Absolutely 0 until Christmas. You know, you know, shit's about 30 00:01:36,760 --> 00:01:39,920 to start booming. And so and so and so we're ready 31 00:01:40,200 --> 00:01:43,840 In major, major unrelated news to crypto this week, this 32 00:01:43,840 --> 00:01:46,240 weekend, I have acquired a new keyboard. 33 00:01:46,600 --> 00:01:49,080 I, I have made the acquisition of, of a brand new keyboard. 34 00:01:49,080 --> 00:01:51,040 So I now thank you, Sims. I see you clapping in the 35 00:01:51,040 --> 00:01:54,040 studio. I now do have ASDF and the 36 00:01:54,040 --> 00:01:57,400 spacebar again, so I can tweet D guards next time Frank is on. 37 00:01:58,160 --> 00:02:00,520 You know, we're good. You know, I, I still have this 38 00:02:00,520 --> 00:02:02,640 one. Maybe at some point I, I, you 39 00:02:02,640 --> 00:02:05,040 know, Rage Against the market and just like break it on 40 00:02:05,040 --> 00:02:07,120 timeline for content. I don't know, but we'll keep it 41 00:02:07,120 --> 00:02:08,199 here. It's definitely broken. 42 00:02:08,680 --> 00:02:12,320 So we'll also be giving it to somebody anyway. 43 00:02:12,360 --> 00:02:16,320 So, yeah, weekend was great, lots of lots of beautiful 44 00:02:16,320 --> 00:02:20,840 weather on the East Coast. That is for freaking sure. 45 00:02:20,840 --> 00:02:25,120 Anyways, the day on the show today, today, market report as 46 00:02:25,120 --> 00:02:26,360 usual. Let's see what's going on with 47 00:02:26,360 --> 00:02:28,080 this market. I mean, I woke up this morning, 48 00:02:28,080 --> 00:02:31,080 thinks it was OK and things are not OK anymore. 49 00:02:31,600 --> 00:02:33,840 You know, typical summer chop. You actually love to see it. 50 00:02:34,680 --> 00:02:37,200 You know who sold? Let's find out on the next 51 00:02:37,200 --> 00:02:39,960 episode of FOMO hour. Tyler's top 100. 52 00:02:39,960 --> 00:02:41,440 I'm sure he's got a lot to talk to us about. 53 00:02:41,440 --> 00:02:43,240 Like we said, things are starting to rally again. 54 00:02:43,240 --> 00:02:49,760 So in terms of yes, I know Logan fiance, fuck, fuck the I I the F 55 00:02:49,760 --> 00:02:51,200 word. It doesn't work in my head. 56 00:02:52,160 --> 00:02:54,200 The whole fiance word. I said girlfriend again. 57 00:02:54,200 --> 00:02:56,480 You guys catch me slacking on the show every time. 58 00:02:56,760 --> 00:02:58,520 Just keep reminding me, OK? Keep. 59 00:02:58,520 --> 00:03:00,320 I see you, Jen, listening to the show. 60 00:03:00,320 --> 00:03:02,080 Come on, Jen. You couldn't fucking keep me on 61 00:03:02,080 --> 00:03:05,320 checking the team chat. Come on, Bernie Cheese, half the 62 00:03:05,320 --> 00:03:07,520 rugged team listening this show not keeping me on check. 63 00:03:07,720 --> 00:03:14,760 Let's go anyways, Tyler's top 100 as well. 64 00:03:15,200 --> 00:03:17,560 After that, see what he's got in in store for us. 65 00:03:18,360 --> 00:03:20,080 And then last but not least, it's Monday. 66 00:03:20,080 --> 00:03:22,440 So Arbitrum update. You know, we're partnered with 67 00:03:22,440 --> 00:03:24,160 Arbitrum now. So every Monday we'll give you 68 00:03:24,160 --> 00:03:28,000 guys ecosystem updates on what's happening on the on the chain. 69 00:03:28,000 --> 00:03:30,280 And there's been a lot actually we organically talked about like 70 00:03:30,280 --> 00:03:32,840 5 things last week because that back-to-back news. 71 00:03:32,840 --> 00:03:35,960 So we'll just, you know, kind of run them together and get into 72 00:03:35,960 --> 00:03:38,120 that. But anyways, anyways, anyways, 73 00:03:38,120 --> 00:03:40,280 today's Monday. We have limited time with the 74 00:03:40,280 --> 00:03:42,240 Great Mando, so let's get right into that. 75 00:03:54,880 --> 00:04:01,160 GM shirt on boys market is a little bit lower. 76 00:04:02,440 --> 00:04:04,880 We've kind of stuck around that 60K level. 77 00:04:04,880 --> 00:04:10,040 We we were just above it or around that level just before 78 00:04:10,120 --> 00:04:14,280 stock futures opened and then we kind of dumped as soon as stocks 79 00:04:14,680 --> 00:04:16,680 went live. That also coincided with the 80 00:04:16,680 --> 00:04:21,600 dumping in major like in stock, stock indices of the NASDAQ was 81 00:04:21,600 --> 00:04:25,000 indicated higher, now lower. So we kind of just tracked macro 82 00:04:25,000 --> 00:04:28,280 with that sell off ETH has been slightly outperforming over the 83 00:04:28,280 --> 00:04:31,360 last few sessions, definitely a bit of a reversal in the sole 84 00:04:31,360 --> 00:04:34,880 ETH move and even in Seoul, sorry, in ETTC. 85 00:04:35,360 --> 00:04:39,160 So last week was the first week that we saw inflows into the 86 00:04:39,160 --> 00:04:44,280 ETTF weekly impose that is. So maybe we see a little bit 87 00:04:44,280 --> 00:04:45,920 reversal on that sort of trend at the moment. 88 00:04:47,360 --> 00:04:51,320 Other than that, you know, doesn't really feel like it was 89 00:04:51,320 --> 00:04:53,160 a busy weekend in terms of volumes. 90 00:04:53,160 --> 00:04:57,040 Some of the lowest volumes I've seen on a pert basis and most 91 00:04:57,440 --> 00:05:00,920 pumped up fun coins and meme coins were at very, very low 92 00:05:00,920 --> 00:05:03,760 volume. So yeah, definitely felt like a 93 00:05:03,760 --> 00:05:06,200 quiet weekend. We slightly retraced from where 94 00:05:06,200 --> 00:05:09,320 we were Friday, but nothing really to not really a nuke. 95 00:05:09,320 --> 00:05:12,000 I think there was some expectation that we could see a 96 00:05:12,000 --> 00:05:15,440 flare up again with the Iran, Israel thing. 97 00:05:16,160 --> 00:05:17,840 Is it unclear whether that's coming or not? 98 00:05:17,840 --> 00:05:21,000 I saw yesterday that maybe it's been delayed by two weeks, but 99 00:05:21,000 --> 00:05:26,120 then you saw statements by UK, France and Germany today and and 100 00:05:26,120 --> 00:05:28,560 the US sending another battleship out there. 101 00:05:28,560 --> 00:05:30,680 So who knows? That could kick off at any 102 00:05:30,680 --> 00:05:34,000 moment. But for now, it feels as though 103 00:05:34,000 --> 00:05:37,040 at least it wasn't on a weekend. So crypto didn't absolutely get 104 00:05:37,040 --> 00:05:39,680 naked during that period. In terms of what we've got this 105 00:05:39,680 --> 00:05:45,720 week, it's quite a busy week. For macro, we have CPI, we have 106 00:05:45,720 --> 00:05:48,880 PPI, so consumer price inflation, reduced price 107 00:05:48,880 --> 00:05:53,640 inflation in the US you'll have retail sales and we have, I 108 00:05:53,640 --> 00:05:54,920 think we have that for the UK as well. 109 00:05:54,920 --> 00:05:56,920 We have, we have inflation data in the UK. 110 00:05:57,440 --> 00:06:02,320 So I think some market moving stuff, the CPI one in particular 111 00:06:02,320 --> 00:06:03,960 will be will be heavily looked at. 112 00:06:04,280 --> 00:06:08,240 So expect some volatility around that just in terms of the the 113 00:06:08,240 --> 00:06:11,320 speed of rate hikes. The rest of macros kind of 114 00:06:11,440 --> 00:06:17,640 settled down a bit like the the yen, like Japanese stocks bounce 115 00:06:17,640 --> 00:06:20,120 a little bit today. Like we haven't really seen a 116 00:06:20,120 --> 00:06:22,680 follow through in that unwind of of the trade. 117 00:06:23,240 --> 00:06:25,240 In fact, the yen has been slightly dipping over the last 118 00:06:25,440 --> 00:06:28,880 couple of sessions. So yeah, that's kind of slightly 119 00:06:28,880 --> 00:06:30,960 on pause. It feels like the number one 120 00:06:30,960 --> 00:06:33,120 thing will return to being whether we're going to have a 121 00:06:33,120 --> 00:06:37,120 soft landing and or whether we're going to see a flare up on 122 00:06:37,120 --> 00:06:40,600 the international stage. So that's the stuff that people 123 00:06:40,600 --> 00:06:43,040 are worried about. In terms of crypto specifically, 124 00:06:43,960 --> 00:06:45,160 I said ETH had been outperforming. 125 00:06:45,160 --> 00:06:47,840 The real outperforming L ones has actually been suey, 126 00:06:48,840 --> 00:06:49,800 strangely. Suey. 127 00:06:51,600 --> 00:06:56,520 Yeah, Suey has been slightly outperforming all the other L 128 00:06:56,520 --> 00:06:58,280 ones. This is a chain which is at 129 00:06:58,280 --> 00:07:05,800 around 8 billion FTB, just some more positive center around it. 130 00:07:06,160 --> 00:07:08,200 As we spoke, we spoke about this last week even, right? 131 00:07:08,200 --> 00:07:12,600 Like it's a bit more of AB2B style chain and but definitely 132 00:07:12,880 --> 00:07:17,240 been the strongest bounce from the L1 lows, which we're kind of 133 00:07:17,240 --> 00:07:20,440 across the board. And it's one of the few L ones 134 00:07:20,440 --> 00:07:25,280 that's now up this this year, along with like ton and soul. 135 00:07:26,080 --> 00:07:27,960 I don't know if this has a massive follow through. 136 00:07:28,240 --> 00:07:30,800 I'm always wary of buying these a child like that. 137 00:07:31,200 --> 00:07:34,280 But yeah, it's it's definitely gotten people's attention. 138 00:07:34,280 --> 00:07:40,760 I think even Raoul Pal put out, but a tweet today just pointing 139 00:07:40,760 --> 00:07:45,080 out it's our performance versus Solana over the last short 140 00:07:45,080 --> 00:07:49,360 period. So yeah, that was the only thing 141 00:07:49,360 --> 00:07:52,480 on majors. We've had some interesting, 142 00:07:52,480 --> 00:07:57,680 there's been some light FUD around wrapped BTC, which I 143 00:07:57,680 --> 00:07:59,720 think is probably worth paying attention to. 144 00:08:00,160 --> 00:08:08,280 So wrapped BCCS is Bitcoin which is on ETH and bit Go was the 145 00:08:08,280 --> 00:08:11,680 custodian. They're now moving that the 146 00:08:11,680 --> 00:08:17,000 custody offshore, as in outside the the US, and it's going under 147 00:08:17,000 --> 00:08:22,200 the custody of Justin's son. Wait, yeah, please. 148 00:08:22,360 --> 00:08:26,280 Please repeat that sentence. So wrapped Bitcoin that we see 149 00:08:26,280 --> 00:08:30,840 on EVE, you know, is used a lot is the custodian. 150 00:08:30,840 --> 00:08:36,240 There was was bit go. They are in order to strengthen 151 00:08:36,240 --> 00:08:40,440 their their custody, they're moving their custody to Asia and 152 00:08:40,440 --> 00:08:43,600 split it between geographies. One of the main custodian 153 00:08:43,600 --> 00:08:47,640 partners there is Justin Sun and the Tron network. 154 00:08:48,520 --> 00:08:52,040 Now there's been a lot of fun around this in the Deepak 155 00:08:52,040 --> 00:08:53,920 community. Like for example, rap Bitcoin 156 00:08:53,920 --> 00:08:58,800 makes up about 10% of the collateral that is used to 157 00:08:59,240 --> 00:09:03,680 flatulize dye the stable coin made by maker maker have said 158 00:09:03,680 --> 00:09:06,440 publicly they're probably going to move away from wrap Bitcoin 159 00:09:06,440 --> 00:09:11,600 on the back of this and several other key defy protocols on ETH 160 00:09:11,840 --> 00:09:14,400 are also sounding the alarm being like we do not want this 161 00:09:14,400 --> 00:09:17,560 guy involved. This seems far more risky to 162 00:09:17,560 --> 00:09:19,720 have him as a custodian. There could be. 163 00:09:19,720 --> 00:09:21,280 I mean, they own a lot of Bitcoin. 164 00:09:22,320 --> 00:09:25,000 They own a lot of Bitcoin. I'm not saying that Bitcoin 165 00:09:25,000 --> 00:09:27,600 won't be will be wrapped in a different way and we have a 166 00:09:27,600 --> 00:09:30,440 different custodian, but it's something to pay attention to 167 00:09:30,440 --> 00:09:36,680 that we could see some quite large changes to to D5 protocols 168 00:09:36,680 --> 00:09:39,480 if that stays the same. And we could see some people 169 00:09:39,480 --> 00:09:46,320 like question, I guess the future of rap BTC in that that's 170 00:09:46,440 --> 00:09:50,480 that was kind of the main piece of like D5 for today alongside 171 00:09:51,720 --> 00:09:55,080 alongside the suey stuff, which seems to be bouncing back. 172 00:09:55,440 --> 00:09:59,800 And then the only other thing I I thought was relevant that I 173 00:09:59,800 --> 00:10:02,520 saw today was some of the stuff that happened over the weekend, 174 00:10:04,600 --> 00:10:07,440 which has been the backlash against the CFT CS potential 175 00:10:07,440 --> 00:10:08,720 ruling against prediction market. 176 00:10:08,720 --> 00:10:12,480 So it looks like the CFT CS is maybe moving slightly more 177 00:10:12,480 --> 00:10:15,920 aggressively in terms of their preliminary rules against 178 00:10:17,120 --> 00:10:19,080 prediction markets. Now prediction markets has been 179 00:10:19,080 --> 00:10:22,400 one of the major, major gains of this cycle. 180 00:10:23,080 --> 00:10:27,840 It seemingly they've come down and proposed rules that the cast 181 00:10:27,840 --> 00:10:32,320 rising ban contracts related to gaming and elections. 182 00:10:32,720 --> 00:10:36,720 Now a number of different people have have in the crypto arena 183 00:10:36,960 --> 00:10:39,400 have have kind of clap back and said this is too broad, 184 00:10:39,520 --> 00:10:43,640 particularly on the gaming like that could mean a lot of 185 00:10:43,640 --> 00:10:46,840 different things. And then for elections, 186 00:10:46,840 --> 00:10:51,040 obviously we're all pretty keen to continue to have like 187 00:10:51,040 --> 00:10:54,400 political events have this sort of level of truth to them. 188 00:10:54,400 --> 00:10:58,440 So it's just been interesting to see that like now the buck is 189 00:10:58,440 --> 00:11:02,600 passed from the SCC, maybe just CFTC, we may similarly get a 190 00:11:02,600 --> 00:11:05,480 heavy-handed approach here, which limits cryptos, cryptos 191 00:11:05,480 --> 00:11:08,040 applications. It would be a real kick in the 192 00:11:08,040 --> 00:11:13,040 teeth if this was to come and curtail prediction market. 193 00:11:13,080 --> 00:11:14,600 I feel like this is probably preliminary. 194 00:11:14,600 --> 00:11:18,200 We haven't seen, in fact, the way that Dragonfly have clap 195 00:11:18,200 --> 00:11:22,880 back, which is one of the the the the B CS biggest BCS in 196 00:11:22,880 --> 00:11:25,360 crypto. They said that that the Chevron 197 00:11:25,360 --> 00:11:30,160 deference ruling, which happened about two months ago, limits the 198 00:11:30,160 --> 00:11:31,800 ability of the CFTC to do anything. 199 00:11:31,800 --> 00:11:33,920 So there could be a question about they can whether they can 200 00:11:33,920 --> 00:11:36,600 do even do anything here. But just know that there could 201 00:11:36,600 --> 00:11:43,320 be a battle here about about the future of prediction markets, 202 00:11:43,320 --> 00:11:46,960 and I think it's worth paying attention to. 100% You know 203 00:11:46,960 --> 00:11:48,840 what's funny? It's Speaking of which is how 204 00:11:48,840 --> 00:11:52,200 Tyler pissed off a lot of people on the timeline this weekend. 205 00:11:56,720 --> 00:12:00,600 What's? He been doing he he so basically 206 00:12:00,600 --> 00:12:05,920 when when when Trump is had 72% to win on Poly market prediction 207 00:12:05,920 --> 00:12:09,000 markets are the source of truth. And then when Trump is getting 208 00:12:09,000 --> 00:12:11,520 his ass handed to him by Kamala Harris on on the prediction 209 00:12:11,520 --> 00:12:16,640 markets, which he is right now 46% now from 72 British markets 210 00:12:16,640 --> 00:12:18,680 are not the source of truth anymore in the Kamala camp. 211 00:12:18,680 --> 00:12:23,520 Super super PACs are controlling the markets and putting her head 212 00:12:23,520 --> 00:12:26,840 in order to change the public perception of the 5000 people on 213 00:12:26,840 --> 00:12:31,240 CT that are huge voters. You know, probably half of which 214 00:12:31,240 --> 00:12:33,080 not even fucking American citizens. 215 00:12:33,240 --> 00:12:36,400 The other half, probably not of which to vote, You know, they, 216 00:12:37,560 --> 00:12:40,080 they're, they're, they're the ones, you know, skewing the 217 00:12:40,080 --> 00:12:42,320 votes, right, Tyler? Is that what's going on? 218 00:12:42,600 --> 00:12:44,800 Yeah, that's it. I mean, it was some pretty wild 219 00:12:44,800 --> 00:12:47,400 theories going around the weekend. 220 00:12:47,520 --> 00:12:49,920 And I mean, listen, like, is that possible? 221 00:12:49,920 --> 00:12:53,160 Like could that possibly be happening that PACs are betting 222 00:12:53,160 --> 00:12:54,960 on comma? Like, maybe. 223 00:12:54,960 --> 00:12:56,920 But to me, it was just more interesting to see like the 224 00:12:56,920 --> 00:13:00,000 narrative shift from when my guy's ahead, this is a truth 225 00:13:00,000 --> 00:13:02,920 telling machine to when my guy is behind. 226 00:13:02,960 --> 00:13:06,600 Now it's a rigged market and it's the Super PACs bang it up. 227 00:13:07,480 --> 00:13:14,120 So it's one way or the other. Oh my God. 228 00:13:14,400 --> 00:13:17,200 It's going to be an interesting one to keep tracking. 229 00:13:17,200 --> 00:13:20,000 I mean, it's still a coin flip. That's the thing. 5246. 230 00:13:20,000 --> 00:13:24,000 I mean, I think maybe because his lead has evaporated so much, 231 00:13:24,000 --> 00:13:27,480 that's why the reaction. But I mean, it's still like it 232 00:13:27,480 --> 00:13:32,200 is a true coin flip and he's very in the race. 233 00:13:32,200 --> 00:13:36,200 I mean, tonight is a big night, I think. 8:00 PM right combo. 234 00:13:36,400 --> 00:13:38,280 8:00 PM Eastern. There's a great line on. 235 00:13:38,280 --> 00:13:39,400 We might as well pull the line up now. 236 00:13:39,400 --> 00:13:41,920 I think this is the most interesting bet on Polymarket 237 00:13:42,480 --> 00:13:44,360 today. This is more for the gamble 238 00:13:44,360 --> 00:13:45,720 today. Let's see what you got today, 239 00:13:45,720 --> 00:13:47,680 Tyler. So this is this is for the 240 00:13:47,680 --> 00:13:49,920 gamblers out there, there, there's there's not really any 241 00:13:49,920 --> 00:13:54,120 edge to be had in this in this market, but it's what will Trump 242 00:13:54,120 --> 00:13:57,120 say during the Eli interview? I I think you can see it. 243 00:13:57,320 --> 00:13:59,240 There it is. OK, what do we got? 244 00:13:59,400 --> 00:14:04,200 MAGA crypto, I mean 60% chance of saying crypto, it's a nice 245 00:14:04,200 --> 00:14:06,320 bet, but you probably can you size in with that. 246 00:14:07,560 --> 00:14:11,200 Yeah, let's see here, dude. Oh, yeah, there's a lot rather 247 00:14:12,040 --> 00:14:14,040 on Yes, there's a lot. Hold on. 248 00:14:14,760 --> 00:14:16,880 I'm on the, I'm on the Full disclosure. 249 00:14:17,200 --> 00:14:20,720 One second, you're telling me that there's a 60% chance it's a 250 00:14:20,720 --> 00:14:24,840 60% return if he says the word crypto in the Elon interview? 251 00:14:26,760 --> 00:14:29,400 Correct. Yeah, if if Trump says the word 252 00:14:29,400 --> 00:14:31,720 crypto, you, you cash that bet if you're on, yes. 253 00:14:31,920 --> 00:14:33,560 Why would you? Why are you on the no side? 254 00:14:33,560 --> 00:14:36,520 I'm curious about that. I don't think Elon cares about 255 00:14:37,040 --> 00:14:42,280 crypto that much. And I think I do think 256 00:14:42,520 --> 00:14:44,840 Polymarket skews to a crypto audience. 257 00:14:44,840 --> 00:14:46,240 I think the line's a little too high. 258 00:14:46,440 --> 00:14:49,880 I mean, a lot of Trump's speeches, he doesn't cover 259 00:14:49,880 --> 00:14:52,240 crypto, right? I think there's also a chance 260 00:14:52,240 --> 00:14:55,320 that he says big point but doesn't say crypto like he he 261 00:14:55,320 --> 00:14:58,840 could bring up Bitcoin and Bitcoin mining and you still 262 00:14:58,840 --> 00:15:04,600 lose this this bet Interesting. I mean, I'm on the nose side. 263 00:15:04,600 --> 00:15:07,840 I don't feel great about it. Why is the word temp on it 264 00:15:08,280 --> 00:15:10,840 there? Because Tampon Tim that one of 265 00:15:10,840 --> 00:15:13,960 the things that they've been ragging Tim Waltz on is that he 266 00:15:14,560 --> 00:15:19,040 gave access to feminine products in both bathrooms. 267 00:15:20,600 --> 00:15:22,280 I, I would bet yes on all of these. 268 00:15:22,400 --> 00:15:24,640 And then just you know what I mean. 269 00:15:24,960 --> 00:15:29,760 Real weird trans is probably a good bet just because that seems 270 00:15:29,760 --> 00:15:34,520 to be what Elon's very obsessed. With there's ten of these, what 271 00:15:34,520 --> 00:15:38,320 if I put $1000 on every single one of them and see what hits? 272 00:15:39,920 --> 00:15:43,480 That's that's one strategy. The word Tesla 66% Are you 273 00:15:43,480 --> 00:15:44,880 fucking kidding me? Is this real? 274 00:15:44,880 --> 00:15:47,280 I mean we should stop talking about on the show. 275 00:15:47,280 --> 00:15:49,840 I don't want people to take my lines here, but. 276 00:15:50,280 --> 00:15:51,880 Yeah, I mean, you need Trump to say it. 277 00:15:52,880 --> 00:15:57,880 Yeah, I know, but interesting, Interesting and. 278 00:15:58,760 --> 00:16:00,720 There's some fun ones on here. It's like if you're going to 279 00:16:00,720 --> 00:16:03,920 watch the speech and you like to gamble a little bit, but there's 280 00:16:03,920 --> 00:16:06,200 some fun ones. Definitely going to be watching 281 00:16:06,200 --> 00:16:08,360 the speech. I find this interesting. 282 00:16:08,360 --> 00:16:10,160 That's a good find. That's a good find. 283 00:16:10,160 --> 00:16:12,720 You got you got like all these like really good. 284 00:16:15,080 --> 00:16:18,240 You know, you got all these really good finds here in the 285 00:16:18,240 --> 00:16:19,800 markets. I'm I'm curious to see where 286 00:16:19,800 --> 00:16:22,560 that goes. But anyways, I'll, I'll give it 287 00:16:22,560 --> 00:16:23,880 a shot. Maybe I'll, I'll load a, I'll 288 00:16:23,880 --> 00:16:27,640 load a wallet up again and try a few of those and see what hits 289 00:16:27,840 --> 00:16:28,960 it. It could make this speech more 290 00:16:28,960 --> 00:16:30,360 fun. Right At 8:00 PM, you're just 291 00:16:30,360 --> 00:16:32,200 like, let's go. Yeah, for sure. 292 00:16:32,360 --> 00:16:34,680 Did you see like that there's a pretty interesting sweat over 293 00:16:34,680 --> 00:16:36,120 the weekend on the Olympic gold medals? 294 00:16:36,120 --> 00:16:39,680 So like, the US was a heavy favorite, and then like, China 295 00:16:39,680 --> 00:16:43,960 ended up tying them, but the US won on a tiebreaker. 296 00:16:44,760 --> 00:16:48,320 But it was incredibly close. And you know what the tiebreaker 297 00:16:48,320 --> 00:16:50,160 was? It was the Algerian boxer 298 00:16:50,160 --> 00:16:52,000 beating the Chinese one for the gold medal. 299 00:16:52,000 --> 00:16:54,760 It was and I won them because I bet, I bet. 300 00:16:54,760 --> 00:16:57,680 I mean, that was actually one where there was an edge. 301 00:16:57,680 --> 00:17:00,640 So sports books had, I mean, Khalifa as a 10 to one favorite 302 00:17:01,240 --> 00:17:04,319 and she was going off like a three to one on on Polymarket. 303 00:17:04,319 --> 00:17:09,160 So there are that's a spot where there's some absolute EV to to 304 00:17:09,200 --> 00:17:11,880 bet. I think there's going to be more 305 00:17:11,880 --> 00:17:15,640 of that in the sports world. Yeah, it's it is going to be 306 00:17:15,640 --> 00:17:18,319 interesting like our opportunities for sure for 307 00:17:18,319 --> 00:17:20,760 people to kind of play on both sides here. 308 00:17:20,760 --> 00:17:23,599 But anyways, all right, so look, market wise, you know, we're 309 00:17:23,599 --> 00:17:25,160 looking at what's 59 six on Bitcoin. 310 00:17:25,160 --> 00:17:26,599 We got a little bounce across the board here. 311 00:17:26,920 --> 00:17:31,880 ETH is nearing 2700 again. So it was about 1:48 and the 312 00:17:31,880 --> 00:17:35,240 memes are meme in here, which I'm sure Tyler may have some 313 00:17:35,240 --> 00:17:36,880 stuff to talk to us about this today. 314 00:17:36,880 --> 00:17:41,680 So Tyler, let's see what you got for us four daily NFT and crypto 315 00:17:41,680 --> 00:17:44,840 analysis. Tyler D. 316 00:17:45,120 --> 00:17:46,680 On FOMO. Our cause? 317 00:17:48,040 --> 00:17:53,200 The kids can. So crypto majors are rallying 318 00:17:53,200 --> 00:17:54,600 again. They rallied this morning, they 319 00:17:54,600 --> 00:17:58,880 dipped, Now they are all the way back and ETH is leading the way 320 00:17:58,880 --> 00:18:02,560 right around 2675. Sui, as Mando mentioned, jumped 321 00:18:02,560 --> 00:18:05,400 17%, leading all since up 100% on the week. 322 00:18:05,400 --> 00:18:07,320 So it is definitely outperforming. 323 00:18:07,480 --> 00:18:10,080 We saw Big Go announce it will transfer controls of its wrapped 324 00:18:10,080 --> 00:18:13,600 Bitcoin products to the JV with Bit Global and Justin Sun. 325 00:18:14,040 --> 00:18:19,000 Celsius suing Tether now for $2.4 billion worth of Bitcoin, 326 00:18:19,880 --> 00:18:22,640 saying they were liquidated without the ability to post 327 00:18:22,640 --> 00:18:25,040 collateral. Canto down goes Canto. 328 00:18:25,040 --> 00:18:27,760 It did not produce blocks for a full day this weekend due to 329 00:18:27,760 --> 00:18:30,680 consensus mechanism issue and then our friends rolled it. 330 00:18:30,880 --> 00:18:34,280 They had salon token deposits including Radium with Jupiter 331 00:18:34,280 --> 00:18:37,160 Boom and a whole lot more. And memes. 332 00:18:37,160 --> 00:18:39,640 Some pump fun metrics were circulating this weekend. 333 00:18:40,400 --> 00:18:44,640 Just 0.12% of tokens launched reached profitability. 334 00:18:45,680 --> 00:18:47,920 I guess not a huge surprise, but when you see the numbers on the 335 00:18:47,920 --> 00:18:50,400 page, they it does kind of hit you a bit. 336 00:18:50,400 --> 00:18:53,520 We saw Jupiter, we thought the Jupiter team was dumping like 337 00:18:53,520 --> 00:18:56,680 $26 million worth of meme coins. Though Meow said it wasn't them. 338 00:18:56,680 --> 00:19:01,360 It turns out it was a referral wallet, so that was an intro 339 00:19:01,360 --> 00:19:04,600 twist there. We saw the MAGA meme coins surge 340 00:19:04,600 --> 00:19:07,200 ahead of this Trump and Elon conversation tonight. 341 00:19:07,200 --> 00:19:11,640 MAG up like 48%. Pac-Man has rallied over 3X off 342 00:19:11,640 --> 00:19:14,120 its local bottom. Ahead, the burn in conversion to 343 00:19:14,120 --> 00:19:16,040 Army. That burn window closes on the 344 00:19:16,040 --> 00:19:17,640 14th folks. So attention, if you've got 345 00:19:17,640 --> 00:19:21,440 Pac-Man, make sure you go out and do that burn. 346 00:19:25,760 --> 00:19:30,200 Oh, did we lose him? Yeah, I think so. 347 00:19:30,880 --> 00:19:33,920 Yeah, there you go. See, it's a super PACs. 348 00:19:34,440 --> 00:19:40,360 They got him. I have to say, Mando, you showed 349 00:19:40,360 --> 00:19:43,080 up on the show with a shirt on and Bitcoin bounced $1000. 350 00:19:43,320 --> 00:19:45,960 Straight up, I haven't been. I haven't been paying attention 351 00:19:45,960 --> 00:19:48,240 as much. Rather look at this, look at 352 00:19:48,240 --> 00:19:50,600 this the the candle. This is your shirts candle. 353 00:19:50,600 --> 00:19:53,720 This one here. This is literally your this one 354 00:19:53,720 --> 00:19:54,280 here. Look at this. 355 00:19:54,640 --> 00:19:56,600 Wiz likes to call this a bullish hammer. 356 00:19:56,600 --> 00:19:59,760 You know it's his favorite one. This is you coming on the show 357 00:19:59,840 --> 00:20:02,240 straight up with a shirt on. Are you back, Tyler? 358 00:20:03,320 --> 00:20:04,320 I'm back. Where did you guys lose me? 359 00:20:04,320 --> 00:20:06,080 I got to get the Wi-Fi consultant out this week. 360 00:20:08,120 --> 00:20:11,160 I'm in a restaurant. We used to dog on Mando on the 361 00:20:11,160 --> 00:20:18,520 show with Ovie and now here we can I we we lost you after the 362 00:20:18,520 --> 00:20:20,680 pump fun metrics. You cannot like talked about 363 00:20:20,680 --> 00:20:21,760 this. Then you said Suey. 364 00:20:21,760 --> 00:20:24,520 They said like the way you were. You were towards the end of your 365 00:20:24,520 --> 00:20:28,080 your spiel here. OK yes we saw the maggot coins 366 00:20:28,080 --> 00:20:31,160 pump pack moon. If you missed that, the pack 367 00:20:31,160 --> 00:20:33,440 moon burn window ends on August 14th. 368 00:20:33,440 --> 00:20:35,160 That tokens up 3X off the bottom. 369 00:20:37,280 --> 00:20:39,360 No way. No. 370 00:20:39,680 --> 00:20:42,000 Fuck me, dude. There he is. 371 00:20:42,720 --> 00:20:46,120 Oh, there, he's gone. He was funny to me. 372 00:20:46,120 --> 00:20:48,360 Like he lives in the city that's supposed to have good Internet 373 00:20:48,720 --> 00:20:50,960 and I know he pays this motherfucker probably pays 374 00:20:50,960 --> 00:20:52,520 premium prices for his Internet too. 375 00:20:52,560 --> 00:20:55,760 I I know he does. He probably has a Verizon super 376 00:20:55,760 --> 00:20:58,160 turbocharge or whatever they have over there. 377 00:20:58,160 --> 00:20:59,800 You know, I have everything oversized in America. 378 00:21:00,440 --> 00:21:03,960 Every time he says pack moon. What what is Bobby big yields 379 00:21:03,960 --> 00:21:07,720 doing? Bobby pack moon team is Lambolan 380 00:21:07,720 --> 00:21:09,960 and Bobby big yields trying to silence us. 381 00:21:12,880 --> 00:21:15,160 Don't see the P word? All right, we won't say it. 382 00:21:15,160 --> 00:21:18,480 The burn window is coming up and you don't want to miss it, so 383 00:21:18,480 --> 00:21:21,360 I'll, I'll just leave it there. It's up 3X off the bottom by 384 00:21:21,400 --> 00:21:25,920 this listing, Nero, we saw RSIC jump 35% over on Bitcoin. 385 00:21:25,920 --> 00:21:29,120 The runes are up as well. And then the doodles they 386 00:21:29,120 --> 00:21:31,560 premiered, they're not in the store video and that collab with 387 00:21:31,560 --> 00:21:36,360 Adidas on Friday as well. So that was the roundup. 388 00:21:36,800 --> 00:21:41,160 Saw that, saw that, saw that. I mean, where to even start 389 00:21:41,160 --> 00:21:42,280 here? Let's start with the pump phone 390 00:21:42,280 --> 00:21:44,800 numbers. I mean, you know, I'm, I'm I'm 391 00:21:44,800 --> 00:21:47,440 sensing, I'm sensing the same vibe as like when people are 392 00:21:47,440 --> 00:21:50,720 saying blur killed on FT ES with NFTS were kind of killing 393 00:21:50,720 --> 00:21:54,200 themselves in a way, you know, they just made maybe accelerated 394 00:21:54,200 --> 00:21:56,880 the process. Well, how do we feel about about 395 00:21:56,880 --> 00:21:58,520 that statement? People are saying pump phone 396 00:21:59,160 --> 00:22:01,280 kill meme coins. I mean, I, I, I don't think this 397 00:22:01,280 --> 00:22:02,760 is the case for us with putting it out there. 398 00:22:02,760 --> 00:22:04,760 But Tyler, you got the stat up. What? 399 00:22:04,760 --> 00:22:08,040 What do you think? Yeah, I don't think it's, it's 400 00:22:08,040 --> 00:22:10,440 killed it, but I do feel like the market is a little bit 401 00:22:10,440 --> 00:22:12,080 saturated. I, I tweeted this last week. 402 00:22:12,080 --> 00:22:14,680 I think it's harder and harder to play these new coins unless 403 00:22:14,680 --> 00:22:17,960 you were just like glued to your screen and you have very tight 404 00:22:17,960 --> 00:22:21,960 entries and, and targets. And I mean like, why when you 405 00:22:21,960 --> 00:22:25,480 see these numbers, it's like, why, why, why play on pumped up 406 00:22:25,480 --> 00:22:31,280 fun. I guess 9.1% are are launching 407 00:22:31,280 --> 00:22:34,880 and being profitable. It's like why not just wait I 408 00:22:34,880 --> 00:22:38,440 guess and see what gets off there and starts to catch at 409 00:22:38,440 --> 00:22:41,480 least some attention. I don't know, I never really was 410 00:22:41,480 --> 00:22:46,040 a grinder in the pumped up fund trenches and you know, maybe 411 00:22:46,040 --> 00:22:47,720 that's the game. I remember I actually 412 00:22:47,720 --> 00:22:51,760 interviewed the founder and he said they don't want tokens 413 00:22:51,760 --> 00:22:54,680 leaving pumped up on and they're actually happy with him just 414 00:22:54,680 --> 00:22:58,560 staying on the bonding curve so that that model is still very 415 00:22:58,560 --> 00:23:00,280 alive. But it feels like it's much more 416 00:23:00,280 --> 00:23:03,560 like the pros and bothers and experts like it's, it's their 417 00:23:03,560 --> 00:23:06,560 game right now. And I feel like as a casual meme 418 00:23:06,560 --> 00:23:09,200 coin trader, it, it feels tough. Feels tough, Dan. 419 00:23:10,400 --> 00:23:12,960 Yeah, yeah, I don't have a strong stance on that. 420 00:23:12,960 --> 00:23:15,840 Yeah, I I definitely don't have time to be in the puff on 421 00:23:15,840 --> 00:23:21,840 trenches, sadly, but I, I, I also I'm the type that waits for 422 00:23:21,840 --> 00:23:25,200 a token to have some, some lags before buying in bigger. 423 00:23:25,200 --> 00:23:26,720 And what do you think about that Mendo? 424 00:23:26,720 --> 00:23:29,720 The the amount of coins I made? Are we surprised? 425 00:23:29,720 --> 00:23:34,280 Like it's free to create coins. I think, I think the changes 426 00:23:34,280 --> 00:23:37,280 will automatically lead to that. Yeah, I think these aren't good 427 00:23:37,400 --> 00:23:39,160 figures. And I think we've already, we've 428 00:23:39,160 --> 00:23:43,200 already spoken about this like it does kind of feel I think 429 00:23:43,280 --> 00:23:48,080 Arctic shared a good, good stat and yesterday which was there is 430 00:23:48,080 --> 00:23:50,480 no pump dot fun coin above 80 million now. 431 00:23:52,040 --> 00:24:00,280 What even me chain stuff? Yeah, Salana feels very PvP at 432 00:24:00,280 --> 00:24:03,720 the moment. You know, pumps are getting 433 00:24:03,720 --> 00:24:07,080 sold. It is. 434 00:24:07,840 --> 00:24:10,760 There's a lot of coins, just like hanging out. 435 00:24:13,000 --> 00:24:16,840 It's, it's just pretty dangerous at the moment. 436 00:24:17,400 --> 00:24:20,040 So I think everyone's, everyone who's been in Salon that this 437 00:24:20,040 --> 00:24:22,480 isn't really a surprise. Like it kind of feels like it's 438 00:24:22,480 --> 00:24:23,880 been going like this for a while. 439 00:24:25,720 --> 00:24:27,920 And I think Pumped Up Fun has made a lot of money in this pro 440 00:24:27,920 --> 00:24:30,560 process. I do think there were when 441 00:24:30,560 --> 00:24:33,960 you're making 16,000 coins a day, it's just very easy to 442 00:24:33,960 --> 00:24:35,480 fucking move on to the next coin. 443 00:24:35,480 --> 00:24:39,720 Like we've already spoken about this and it, it does feel right 444 00:24:39,720 --> 00:24:42,880 now that it's PvP and we're kind of, we're going on the loop 445 00:24:42,880 --> 00:24:44,960 slightly lower each time is what Tyler said. 446 00:24:44,960 --> 00:24:47,200 And I kind of really, that really stayed with me. 447 00:24:47,640 --> 00:24:50,360 That's what's been happening. Like we are, we're just kind of 448 00:24:50,360 --> 00:24:56,080 like slowly going lower until we start to see more funds come 449 00:24:56,080 --> 00:25:00,120 into the ecosystem. I'm not saying this is the end 450 00:25:00,120 --> 00:25:04,280 of mean points, but it does feel right now not a lot of not a lot 451 00:25:04,280 --> 00:25:05,680 of values being created in meme coins. 452 00:25:05,800 --> 00:25:07,680 And that's kind of an objective statement rather than a 453 00:25:07,680 --> 00:25:11,000 subjective statement. Well I agree I think the the RTR 454 00:25:11,000 --> 00:25:14,200 fall out right like some people who got rent on RTR that. 455 00:25:14,280 --> 00:25:15,640 One is still tired. I mean basically. 456 00:25:16,160 --> 00:25:18,120 Close the wall. Like I need to take a break. 457 00:25:18,440 --> 00:25:21,440 Like I didn't lose the time. But like, events like that, it's 458 00:25:21,440 --> 00:25:23,440 like, OK, I'm going to, you know, walk away from the 459 00:25:23,440 --> 00:25:26,440 screens. By the reset, $1,000,000 were 460 00:25:26,440 --> 00:25:30,040 white from the trenches or not the we'll call it what you want. 461 00:25:30,040 --> 00:25:33,000 I don't care if trenches, not trenches that I mean, did we 462 00:25:33,000 --> 00:25:35,000 have any updates from that over the weekend Like this? 463 00:25:35,320 --> 00:25:38,040 It's getting pretty, it's getting pretty nasty. 464 00:25:38,040 --> 00:25:43,160 Like we, I, it's funny, someone said I think it was he was like, 465 00:25:43,160 --> 00:25:45,320 damn, last week was crazy. Like yesterday I was like, 466 00:25:45,320 --> 00:25:47,600 brother, that was two days ago. The RTR thing. 467 00:25:47,600 --> 00:25:50,880 I can't believe I wrecked so hard last week. 468 00:25:50,880 --> 00:25:53,840 I was like, brother, it was like 48 hours ago. 469 00:25:55,160 --> 00:25:56,840 Was there any fallout from that further than that? 470 00:25:56,840 --> 00:25:59,400 I saw some people go a little crazy on the timeline. 471 00:26:01,320 --> 00:26:04,200 Much at all I saw Donald Trump junior was on the spaces with a 472 00:26:04,200 --> 00:26:06,240 different meme coin. He was on the spaces without the 473 00:26:06,320 --> 00:26:06,960 mega A. That's the. 474 00:26:07,480 --> 00:26:10,000 One, we talked about that, that they, he, he's endorsed that 475 00:26:10,000 --> 00:26:11,280 before. And it's not like the token's 476 00:26:11,280 --> 00:26:15,120 been pumping, you know? So they're they're the the turn 477 00:26:15,120 --> 00:26:17,600 brothers are still deep in the crypto streets, just not with 478 00:26:17,600 --> 00:26:19,960 the RTR. I do want to share this though, 479 00:26:19,960 --> 00:26:22,280 because you talked about this. Tyler, I'm making this from your 480 00:26:22,280 --> 00:26:25,000 page. It was an article from 481 00:26:25,000 --> 00:26:28,040 Blockworks Trump hailed as a pro crypto candidate. 482 00:26:28,040 --> 00:26:30,520 Meanwhile, meanwhile, all three of his sons are involved in mean 483 00:26:30,520 --> 00:26:32,160 con scandals. But that's that's from Tyler. 484 00:26:32,400 --> 00:26:34,800 But block works for an article web three watch All three of 485 00:26:34,800 --> 00:26:36,880 Trump's sons have not been caught up in mean con drama. 486 00:26:38,280 --> 00:26:41,280 It's it is. I mean, it's a problem. 487 00:26:41,280 --> 00:26:43,560 I think that the the base is going to look past it. 488 00:26:43,560 --> 00:26:47,160 But like, like the the big knock on the Dems for crypto is 489 00:26:47,160 --> 00:26:49,360 actions speak louder than words. Like you can say you're coming 490 00:26:49,360 --> 00:26:52,160 to the table, but like, here's our list of demands that we want 491 00:26:52,160 --> 00:26:56,120 you to do. And the the Trump campaign has 492 00:26:56,120 --> 00:26:58,600 given great lip service to crypto, But meanwhile his sons 493 00:26:58,600 --> 00:27:01,600 are launching meme coins or like they're getting caught up in all 494 00:27:01,600 --> 00:27:03,440 these. And I don't think it's a great 495 00:27:03,440 --> 00:27:05,640 look. And, and I think if it keeps 496 00:27:05,640 --> 00:27:08,760 happening at some point, like it does distract from like their 497 00:27:08,760 --> 00:27:11,840 their broader policy, which does seem to be pretty positive. 498 00:27:11,840 --> 00:27:13,680 I. Mean you'd figure that like 499 00:27:13,680 --> 00:27:15,880 Trump's advisors would tell the kids to sit the fuck down. 500 00:27:15,880 --> 00:27:20,760 No, yeah, I don't know. I don't know, maybe the the 501 00:27:20,760 --> 00:27:23,640 people helping him get to bitcoins conference or whatever. 502 00:27:23,640 --> 00:27:26,600 The people around him, I don't know, you know, where's Ryan 503 00:27:26,600 --> 00:27:30,000 Salkis when you need him? You know, maybe maybe tell your 504 00:27:30,000 --> 00:27:33,120 boy like you know, to tell his children to take a little break 505 00:27:33,120 --> 00:27:35,080 from crypto. They they need a mental health 506 00:27:35,080 --> 00:27:38,560 break. The kids think if anything, if 507 00:27:39,040 --> 00:27:40,960 if they could go mental health, it would be great for his base. 508 00:27:40,960 --> 00:27:42,200 All right, well, Tyler, what else? 509 00:27:42,200 --> 00:27:45,760 What else you got for us? I mean, let's talk about RSIC 510 00:27:45,760 --> 00:27:50,360 for a quick second because that we talked about the tweet, you 511 00:27:50,360 --> 00:27:53,720 know, last week, but looks like it's another leg up again. 512 00:27:53,880 --> 00:27:55,720 What's the TLDR here? What's going on there? 513 00:27:55,720 --> 00:27:57,880 It's good. Yeah, well, the team finally 514 00:27:57,880 --> 00:27:59,680 broke their silence. Basically, they were just 515 00:27:59,680 --> 00:28:01,200 incredibly quiet. There was concerns. 516 00:28:01,200 --> 00:28:05,640 It was just a slow rug and I shared those concerns myself. 517 00:28:05,640 --> 00:28:07,480 But now that they've been coming out, they've been making 518 00:28:07,480 --> 00:28:10,960 statements again. They promised that season 2 is 519 00:28:11,000 --> 00:28:13,080 coming up. So, you know, season one is when 520 00:28:13,080 --> 00:28:16,680 we where we mined all of the initial runes, which would 521 00:28:16,680 --> 00:28:20,320 become the, the, the rune coin, which was, I mean, it was a big 522 00:28:20,320 --> 00:28:22,040 air drop. I mean, this, this thing traded 523 00:28:22,040 --> 00:28:27,600 over $200 million for a few weeks, hit 300 million at peak 524 00:28:29,360 --> 00:28:33,280 and the NFTS were up over I think they're like .14 point 16 525 00:28:33,320 --> 00:28:36,480 Bitcoin at peak all the way down below point O1. 526 00:28:36,480 --> 00:28:38,880 The NFTS are rallying now because of season 2. 527 00:28:39,200 --> 00:28:42,160 The miners are going to get turned back on and then the 528 00:28:42,160 --> 00:28:45,040 tokens been rallying as well. The tokens up over 100% off the 529 00:28:45,040 --> 00:28:46,920 bottom. Still just 66 million, you know, 530 00:28:46,920 --> 00:28:50,880 down about 70% from all time high, but down 70% is better 531 00:28:50,880 --> 00:28:55,080 than down 90%. And there's just some positive 532 00:28:55,080 --> 00:28:57,640 momentum for the for the first time now. 533 00:28:57,640 --> 00:28:59,400 I I still think they've got a lot to prove. 534 00:28:59,400 --> 00:29:03,720 Like when I when I laid out the the bull and bear case for RSIC 535 00:29:03,720 --> 00:29:06,760 before runes launched, I said we we need to know what this 536 00:29:06,760 --> 00:29:09,720 project is at some point. Like you can't just continue 537 00:29:09,720 --> 00:29:12,840 mining, you know, new tokens that we don't know what the 538 00:29:12,840 --> 00:29:15,960 tokens are forever. And unfortunately they haven't 539 00:29:15,960 --> 00:29:17,040 really told us what the projects are. 540 00:29:17,040 --> 00:29:20,560 It's like the NFTS have rarity like you mind different amounts 541 00:29:20,600 --> 00:29:23,160 of runes because of the NFTS you have. 542 00:29:23,160 --> 00:29:25,400 We still really know like what that what they all are. 543 00:29:25,400 --> 00:29:27,800 They promised a game. They haven't really told us what 544 00:29:27,800 --> 00:29:31,360 the game is. Oh God, this is. 545 00:29:31,800 --> 00:29:34,240 This is every day bro. Like how? 546 00:29:34,920 --> 00:29:38,280 Like like I'm going to print this. 547 00:29:38,760 --> 00:29:40,880 OK, well this is the salon chart so that the Bitcoin chart looks 548 00:29:40,880 --> 00:29:44,840 a little better the the pups token on salon liquidity because 549 00:29:44,840 --> 00:29:46,320 they they went through that the conversion. 550 00:29:46,600 --> 00:29:48,920 Chart on OK X. Go to Magic Eden. 551 00:29:50,520 --> 00:29:52,640 Because I usually watch them here right on OK X you have the 552 00:29:52,720 --> 00:29:54,720 web or? OK, X probably works. 553 00:29:54,720 --> 00:29:57,200 Yeah, let's go to Pups. It had a nice like it has good 554 00:29:57,200 --> 00:30:01,400 charts for for ruins. If you go here daily, then you 555 00:30:01,400 --> 00:30:05,320 expand here I mean. It's a little bit of a rebound, 556 00:30:05,320 --> 00:30:08,600 but yeah, I mean, clearly it's trending in in One Direction. 557 00:30:10,840 --> 00:30:12,040 You didn't. Know how good we had it? 558 00:30:12,960 --> 00:30:16,360 Every day I look at this coin, it's just down more like it's 559 00:30:16,360 --> 00:30:18,120 just. I just won't stop going. 560 00:30:18,120 --> 00:30:23,320 It's like there's a magnet zero. And it's when do we rip the 561 00:30:23,320 --> 00:30:25,240 Band-Aid off? I refuse. 562 00:30:25,560 --> 00:30:27,440 I refuse to rip this Band-Aid off. 563 00:30:28,320 --> 00:30:31,320 Yeah, I was the end of it. At this point I'm probably like 564 00:30:31,320 --> 00:30:33,040 if you think of any of the rooms, make it. 565 00:30:33,360 --> 00:30:34,760 I don't know. This is probably coping. 566 00:30:35,680 --> 00:30:37,880 Same thesis as he was like, this is like what we're going to sell 567 00:30:37,880 --> 00:30:40,160 for five, 10K? There's like a quarter million 568 00:30:40,160 --> 00:30:42,880 dollar bag at some point. Thankfully I did not pay for 569 00:30:42,880 --> 00:30:45,240 mine so it was like an air job, but still a big fumble, you 570 00:30:45,240 --> 00:30:51,000 know, So I'm even Bitcoin now. Look at this candle bro. 571 00:30:51,240 --> 00:30:54,160 Since Mando put his shirt on, $3000 candle on Bitcoin. 572 00:30:54,560 --> 00:30:57,040 Excuse my language, but wow, I'm just ripping. 573 00:30:57,480 --> 00:30:59,880 This is literally, I mean hey Sims, I know you guys made a 574 00:30:59,880 --> 00:31:02,280 clip about Mandel's shirt but now you should make a follow up 575 00:31:02,520 --> 00:31:05,280 clip on this. This is the three. 576 00:31:05,280 --> 00:31:09,520 This is $3000 candle on Mandel wearing a shirt on the show. 577 00:31:10,200 --> 00:31:13,320 Holy moly bro. The shirt hammer candle. 578 00:31:14,240 --> 00:31:18,880 Look at this Mandel 3K candle on you appearing on the show with 579 00:31:18,880 --> 00:31:20,480 the shirt on. We lost Mandel because he's 580 00:31:20,480 --> 00:31:24,560 hosting this Monday thing, but $3000 candle on this fucking 581 00:31:24,560 --> 00:31:25,880 shirt? Dude, he absolutely loves to see 582 00:31:25,880 --> 00:31:28,080 that all right, well, what else we got? 583 00:31:28,080 --> 00:31:30,040 I mean we still got some time before we get to arbitrum 584 00:31:30,080 --> 00:31:31,840 roundup. Is there is there anything I is 585 00:31:32,240 --> 00:31:36,520 there anything you want to? I have to say like I I I like 586 00:31:36,520 --> 00:31:39,160 what D, but I know I mentioned it because he was on Friday, but 587 00:31:39,160 --> 00:31:41,080 I like what Frank is doing with his D God stuff. 588 00:31:41,080 --> 00:31:43,800 I found myself browsing D gods again on the on on this weekend. 589 00:31:43,800 --> 00:31:47,040 I didn't buy any yet. I ended up buying more more shit 590 00:31:47,040 --> 00:31:49,240 coins. I have one coin that I really 591 00:31:49,240 --> 00:31:50,880 like right now, so I've been just buying it. 592 00:31:52,240 --> 00:31:56,120 But, but technically speaking, it is big enough for me to be 593 00:31:56,120 --> 00:31:58,400 able to talk about it. But I, I know at some point I'm 594 00:31:58,400 --> 00:32:00,640 going to sell something if it goes up and I don't want to hear 595 00:32:00,640 --> 00:32:04,760 it. So but, but I, I think I kind of 596 00:32:04,760 --> 00:32:08,560 like the approach of turning diagon's into shit coin, not 597 00:32:08,560 --> 00:32:09,880 turning into shit coin, you know what I mean? 598 00:32:09,880 --> 00:32:14,080 But like, you know. I I was a little too early, so 599 00:32:14,080 --> 00:32:16,000 I've been I've been wanting to get on Diagon's. 600 00:32:16,000 --> 00:32:18,720 I bought one at like 40. Solana. 601 00:32:18,720 --> 00:32:21,040 And they bridged back to Solana, yes. 602 00:32:21,080 --> 00:32:24,840 And then they ripped to like 60, but then they just went down 603 00:32:24,840 --> 00:32:28,400 only and Frank kept saying like let him go lower, let him go 604 00:32:28,400 --> 00:32:31,320 lower. And I didn't really see his 605 00:32:31,320 --> 00:32:34,040 plan. So like I actually I, I exited. 606 00:32:34,160 --> 00:32:36,720 I don't know if it was a plan from the get go by the way, 607 00:32:37,400 --> 00:32:39,000 because he did say that at some point he quit. 608 00:32:39,160 --> 00:32:41,240 He wrote a post saying like someone help him pick him up, 609 00:32:41,240 --> 00:32:42,680 give him kudos, said he was there. 610 00:32:42,680 --> 00:32:43,640 For you? Oh, did he say that? 611 00:32:43,640 --> 00:32:45,400 Well, I missed that. And I was, he was there for me 612 00:32:45,400 --> 00:32:47,800 even when I was like out pretty much. 613 00:32:48,120 --> 00:32:51,400 So I don't know if it was part of the plan, but let's be 614 00:32:51,400 --> 00:32:55,200 honest, all the people who really want it out are out at 615 00:32:55,200 --> 00:32:56,600 this stage, right? Yes. 616 00:32:57,000 --> 00:33:00,680 The perfect squeeze squeeze. I mean, I've always liked to be 617 00:33:00,680 --> 00:33:02,720 God's art. I think it's one of my favorite 618 00:33:03,400 --> 00:33:06,280 PFP collections from an an art standpoint. 619 00:33:06,280 --> 00:33:08,640 Problem is now is you have to buy them either on ether soul. 620 00:33:08,640 --> 00:33:12,040 So now you you, you find yourself browsing both right? 621 00:33:12,360 --> 00:33:13,560 And I don't mean that in a bad way. 622 00:33:13,560 --> 00:33:15,480 I'm just saying this is true because it happened to me. 623 00:33:15,760 --> 00:33:18,440 So I have to go here again. Kudos to Magic Eden for making 624 00:33:18,440 --> 00:33:20,160 you know this is so seamless, right? 625 00:33:21,360 --> 00:33:25,880 It is nice to just shot multi chain and even with their 626 00:33:25,880 --> 00:33:27,920 wallet, you can convert the currencies and whatnot. 627 00:33:27,920 --> 00:33:31,080 So it's even easier. I don't like this multi chain 628 00:33:31,080 --> 00:33:34,760 and because I got to be honest, salon people care more about 629 00:33:34,760 --> 00:33:36,800 coins. So I feel like there is it's 630 00:33:36,800 --> 00:33:39,760 like it's harder for the NFTS to really have sustained rallies 631 00:33:40,840 --> 00:33:43,680 because it feels like my anecdotal read is that they get 632 00:33:43,680 --> 00:33:46,720 too high if folks will just sell them and then, you know, to, to, 633 00:33:46,960 --> 00:33:50,240 to buy or chase coins. What would you buy one if you 634 00:33:50,240 --> 00:33:54,040 bought 1? Which one of these or? 635 00:33:54,040 --> 00:33:55,880 Solana or ETH? Oh, Solana. 636 00:33:56,120 --> 00:33:58,400 Right, right, same. Right. 637 00:33:58,400 --> 00:33:59,880 Because that's not oh, these are cool. 638 00:34:00,560 --> 00:34:01,800 Do you guys feel like Solana to me? 639 00:34:01,800 --> 00:34:04,640 I got like that's probably part of the reason why, you know, 640 00:34:04,640 --> 00:34:07,080 they got FUD for the for all the bridging. 641 00:34:07,480 --> 00:34:09,360 I like the fact they bridge back. 642 00:34:09,360 --> 00:34:11,080 I kind of just want them off ETH. 643 00:34:11,960 --> 00:34:13,920 Like if they were entirely off ETH I would like them even. 644 00:34:13,920 --> 00:34:15,880 More I wouldn't be surprised if he just said fuck it. 645 00:34:15,880 --> 00:34:20,159 Like, bring your D guys back to the Solana fully. 646 00:34:20,239 --> 00:34:21,400 I mean, the bridge is open, right? 647 00:34:21,400 --> 00:34:23,440 Like you could technically buy diagonals on Ethan. 648 00:34:23,679 --> 00:34:25,520 You could technically buy one you like on Ethan. 649 00:34:26,159 --> 00:34:27,320 Moving back to Seoul. Oh yeah. 650 00:34:27,520 --> 00:34:28,800 Yeah, good call. Yeah, you could do that. 651 00:34:29,159 --> 00:34:32,440 You could technically do that. So you know when when looking 652 00:34:32,440 --> 00:34:34,120 for and you can look at, The thing is, I'd rather look at 653 00:34:34,120 --> 00:34:36,960 them in Seoul because then I go to Ethan, I'm like, fuck, it's 2 654 00:34:36,960 --> 00:34:40,080 E or like 1 1/2 E And then I go to Seoul. 655 00:34:40,080 --> 00:34:43,840 I'm like, it's 20 Seoul. But I'm like, wait, no, Solana's 656 00:34:43,840 --> 00:34:45,600 up a lot. Solana's up a lot. 657 00:34:45,600 --> 00:34:52,159 You know, it's $3000, it's $3000, but but it's interesting. 658 00:34:52,159 --> 00:34:55,679 So that's one thing that I saw another question for you on the 659 00:34:55,679 --> 00:34:57,840 NFT side. I mean, what happens to Camp Pai 660 00:34:57,840 --> 00:35:01,400 Pandas here? Is there there I saw easy talk 661 00:35:01,400 --> 00:35:03,760 about it. Easy tried to not allude to 662 00:35:03,760 --> 00:35:06,080 them, but it was like, so obviously that his tweet was 663 00:35:06,080 --> 00:35:11,000 about Camp Pai Pandas, right? He said here, I'll pull up the 664 00:35:11,000 --> 00:35:13,880 tweet. I'm I'm curious your thoughts on 665 00:35:13,880 --> 00:35:17,400 this Actually I want to buy the fuck out of the fun on this one 666 00:35:17,400 --> 00:35:19,840 specific NFT. Despite the drama, fundamentally 667 00:35:19,840 --> 00:35:22,240 nothing has changed with their business and I really do expect 668 00:35:22,240 --> 00:35:25,240 strong recovery over time. You know this is clearly about 669 00:35:25,240 --> 00:35:25,920 camp. I pilot so. 670 00:35:26,080 --> 00:35:28,160 Yeah, well, I think he's probably right. 671 00:35:28,160 --> 00:35:31,320 I think this space has such a short memory that everyone's 672 00:35:31,320 --> 00:35:33,760 going to move on. But like for me personally, I 673 00:35:33,760 --> 00:35:35,200 think it's probably a deal breaker. 674 00:35:35,200 --> 00:35:37,920 Like the NFT holders didn't get the inside info right. 675 00:35:37,920 --> 00:35:41,920 The IT was the investors. At least if they inside info. 676 00:35:43,400 --> 00:35:45,680 Is that what you're saying? Yeah, I mean, your founder's 677 00:35:45,680 --> 00:35:48,480 going to launch the Trump coin and he's not going to tell his 678 00:35:48,480 --> 00:35:50,320 holders. Like, I don't know, like, what's 679 00:35:50,520 --> 00:35:57,120 what's the point? That's my, that was my reaction. 680 00:35:59,920 --> 00:36:01,960 I'm sorry. No, it's so. 681 00:36:02,080 --> 00:36:06,600 You're so right. But they're they've already 682 00:36:06,680 --> 00:36:08,120 started to bounce back. I. 683 00:36:09,160 --> 00:36:11,400 Mean it's tough, right? If he's to bounce hard, right, 684 00:36:12,960 --> 00:36:15,760 it's what were they at before the whole drama? 685 00:36:16,280 --> 00:36:19,440 And they were like .6, they dropped like .4. 686 00:36:20,760 --> 00:36:22,640 I mean, earlier in the year they were over one. 687 00:36:22,640 --> 00:36:25,480 I think they got like close to two at peak. 688 00:36:25,560 --> 00:36:27,840 You know, there's a point where, you know, I expected promised 689 00:36:27,840 --> 00:36:31,800 like 100 air drops back in like the NNT AirDrop meta. 690 00:36:32,440 --> 00:36:34,040 I don't really think those panned out. 691 00:36:34,200 --> 00:36:38,280 And then I think rumors like them, them launching a token and 692 00:36:38,280 --> 00:36:42,120 then I'm not sure where those all went, but it's been a little 693 00:36:42,120 --> 00:36:44,600 bit down since. Interesting. 694 00:36:44,840 --> 00:36:49,280 All right, well, I guess we'll see where where this this takes 695 00:36:49,560 --> 00:36:53,560 us on their front. And then so on the NFT that's 696 00:36:53,560 --> 00:36:55,880 about NFT is not that much going on right now. 697 00:36:55,880 --> 00:36:57,760 There was, we were hot for a second and we talked about the 698 00:36:57,760 --> 00:36:59,840 doodle news on and on. We had the ape chain going. 699 00:36:59,840 --> 00:37:01,600 I think we're going to have to wait because September seems to 700 00:37:01,600 --> 00:37:03,680 be a big month for for most NFT projects. 701 00:37:04,160 --> 00:37:07,120 You have anime, there's a bunch of stuff going on there on the 702 00:37:07,120 --> 00:37:09,200 Uzuki side. You have ape chain. 703 00:37:09,200 --> 00:37:10,760 There's going to be more going on there. 704 00:37:10,760 --> 00:37:12,480 I think September's going to be good, man. 705 00:37:12,480 --> 00:37:14,440 September's going to feel like, you know, the back to school 706 00:37:14,440 --> 00:37:17,200 first day, like you're excited to see your homies and like it 707 00:37:17,200 --> 00:37:21,680 feels like life is coming back to A to a normal train. 708 00:37:21,680 --> 00:37:26,000 Like I think you know, I I KBM actually made a good point this 709 00:37:26,000 --> 00:37:27,440 morning. He said just be careful of the 710 00:37:27,440 --> 00:37:31,120 end of summer chop, you know, and he would know, you know, he 711 00:37:31,120 --> 00:37:34,840 would know as a day trader, you know, I think I would. 712 00:37:34,840 --> 00:37:37,280 He said back away from the screens summer ending chop to 713 00:37:37,280 --> 00:37:39,200 digest recent volatilities in full effect. 714 00:37:39,640 --> 00:37:42,000 He I mean, look at today we start this. 715 00:37:42,280 --> 00:37:47,080 With crazy, yeah, I'm with him and I can also like, don't like 716 00:37:47,080 --> 00:37:49,040 summer's not over. Like I think some in the US, 717 00:37:49,040 --> 00:37:50,640 like some kids are back in school already. 718 00:37:51,120 --> 00:37:53,600 The Europeans, I mean, August is the month they take off. 719 00:37:53,840 --> 00:37:56,080 I mean, Europeans take like it's three months off, don't worry 720 00:37:56,080 --> 00:37:57,160 about that. But look at this. 721 00:37:57,400 --> 00:38:00,200 This is this morning, brother. What a what a while. 722 00:38:00,520 --> 00:38:03,080 Chart This is the one hour chart. 723 00:38:03,080 --> 00:38:06,800 How are you going to treat? This how are you going to like? 724 00:38:07,120 --> 00:38:08,440 How are you? This is how. 725 00:38:10,400 --> 00:38:12,000 Yeah, you can't. This is insane. 726 00:38:12,080 --> 00:38:14,880 And and Mando mentioned this week is going to be crazy rocky. 727 00:38:14,880 --> 00:38:18,920 So we've got PPI tomorrow, we've got CPI Wednesday, we've got the 728 00:38:18,920 --> 00:38:22,880 jobless claims Thursday and the consumer sentiment Friday. 729 00:38:22,880 --> 00:38:25,600 So there's going to be an event every single day that could 730 00:38:25,600 --> 00:38:28,160 potentially move the move the needle one way or. 731 00:38:28,160 --> 00:38:30,560 Another. Yeah, don't, don't, I mean, 732 00:38:30,560 --> 00:38:34,040 don't fuck this up, right. It's kind of the quote this, 733 00:38:35,080 --> 00:38:39,320 this, this this time around. I'm trying to look through your 734 00:38:39,320 --> 00:38:41,400 through your top 100 saying since. 735 00:38:41,400 --> 00:38:43,400 Well, so I mean, we've already talked to, we've talked to, you 736 00:38:43,400 --> 00:38:45,680 know, we've talked beat bitcoins. 737 00:38:45,680 --> 00:38:47,720 We've I mean, maggot coins. I'd be super careful. 738 00:38:47,720 --> 00:38:50,560 I know, I know Elon's on with, with Trump tonight, but be 739 00:38:50,560 --> 00:38:53,600 careful. Y'all with the, with the Trump 740 00:38:53,600 --> 00:38:58,200 coins? Anything else here that I, that 741 00:38:58,200 --> 00:39:02,160 I, that I, that I went over Tyler? 742 00:39:05,280 --> 00:39:08,200 Did I lose Tyler? I did lose Tyler. 743 00:39:08,200 --> 00:39:09,320 I was wondering why he's not moving. 744 00:39:10,240 --> 00:39:14,040 Look at him. Look at him frozen. 745 00:39:15,920 --> 00:39:20,560 Sam's dead. I'm in a Mando with me right 746 00:39:20,560 --> 00:39:21,960 now. There he is. 747 00:39:21,960 --> 00:39:23,800 There he is, there he. Is yeah. 748 00:39:23,800 --> 00:39:25,720 I won't make you do the arm segment till he's solo. 749 00:39:26,360 --> 00:39:28,680 That is so funny. I was like, shit, don't let, 750 00:39:29,400 --> 00:39:30,200 don't, don't let. I was. 751 00:39:30,280 --> 00:39:32,600 I was asking Tyler, is there, is there anything that you think I 752 00:39:32,600 --> 00:39:34,800 glanced over too fast that we should be covering right now? 753 00:39:35,360 --> 00:39:37,960 I, I can't bring up the P word again, but that's the only other 754 00:39:37,960 --> 00:39:41,240 one. So just go check out their their 755 00:39:41,240 --> 00:39:43,680 their pin tweet. So what's going on with Pack 756 00:39:43,680 --> 00:39:45,120 Moon that maybe I can mention it? 757 00:39:45,120 --> 00:39:49,600 So there's a it's is it today? You think you have till the 758 00:39:49,600 --> 00:39:58,680 14th? OK, that was a little. 759 00:40:05,760 --> 00:40:08,800 Yeah, they put some good content out and like it's notable you 760 00:40:08,800 --> 00:40:13,560 get 10 for one tokens. So like if you had 10,000 tokens 761 00:40:13,560 --> 00:40:14,920 before, you're going to have 100,000. 762 00:40:15,800 --> 00:40:16,800 On this. One day long. 763 00:40:16,800 --> 00:40:18,400 Could you advise? I like that. 764 00:40:20,120 --> 00:40:22,120 I agree. So I think that was a good move. 765 00:40:23,080 --> 00:40:25,680 Interesting. You know, I've seen some FUD 766 00:40:25,680 --> 00:40:27,240 like OK, now you're going to have to compete with a much 767 00:40:27,240 --> 00:40:30,400 bigger pool tokens on Seoul, which is real. 768 00:40:31,200 --> 00:40:34,160 But I mean, the blast meme coin market was just dead. 769 00:40:34,280 --> 00:40:36,600 So like, I mean, it can't be, could be worse. 770 00:40:36,920 --> 00:40:40,240 It it it exactly right. You can't blame founders for 771 00:40:40,240 --> 00:40:42,760 trying something else and you especially going on salon, which 772 00:40:42,760 --> 00:40:44,880 is, you know, kind of the chain right now the cycle. 773 00:40:45,560 --> 00:40:49,640 My only concern is is a lot of people say like, oh, they're 774 00:40:52,520 --> 00:40:55,120 like, oh, but there's 100,000 users holders. 775 00:40:55,120 --> 00:40:57,760 But we talked last week about maybe the Murad way of thinking, 776 00:40:57,760 --> 00:41:01,200 like occults tend to perform better with less holder base and 777 00:41:01,200 --> 00:41:05,200 more control in the hands of a very of a of a of a limited few. 778 00:41:05,200 --> 00:41:07,400 I guess we're about to see. I mean, they are, they are. 779 00:41:07,960 --> 00:41:10,920 They were the biggest fish in the tiny ass pond and now 780 00:41:10,920 --> 00:41:14,360 they're going to be, you know, a smaller fish in, in, in like an 781 00:41:14,360 --> 00:41:17,200 ocean. But I'm I'm very curious and 782 00:41:17,640 --> 00:41:19,480 always going to cheer for that team because I think they're 783 00:41:19,480 --> 00:41:21,200 cool. And also a lot of my friends 784 00:41:21,200 --> 00:41:23,520 have bags. So I hope they hope they do 785 00:41:23,520 --> 00:41:25,680 well. You know, you know, for the 786 00:41:25,680 --> 00:41:27,320 homies, you, you still have some, right? 787 00:41:28,480 --> 00:41:30,120 Yeah, I still have a decent bag myself. 788 00:41:30,560 --> 00:41:32,960 I thought it was probably like I got tweeted this this weekend. 789 00:41:32,960 --> 00:41:35,640 So it's all about I've got like 330,000 tokens, so that'll be 790 00:41:35,640 --> 00:41:37,760 3.2 million, so let's send it to a dollar. 791 00:41:37,880 --> 00:41:40,640 Why not? Pack you know what RB to a 792 00:41:40,640 --> 00:41:41,880 dollar. RB to a dollar. 793 00:41:42,360 --> 00:41:43,920 I rate a dollar. Let's go, let's go. 794 00:41:43,920 --> 00:41:45,920 Maybe I'll pick up a bag in a second on Solana. 795 00:41:46,120 --> 00:41:49,880 I'm going to see first. I'm first going to wait and see 796 00:41:49,880 --> 00:41:54,160 if if there's a sell off and then see if it's if it's worth 797 00:41:54,160 --> 00:41:55,880 coming off. But definitely you'd figure a 798 00:41:55,880 --> 00:41:58,080 lot of people lost money too recently and stolen stuff. 799 00:41:58,080 --> 00:42:00,120 Maybe they want to we talked about it, right? 800 00:42:00,920 --> 00:42:02,880 The trenches were hurt last week, so maybe they want to 801 00:42:03,320 --> 00:42:06,160 recover some some this week, right? 802 00:42:06,160 --> 00:42:08,520 So, so we'll see where that takes us anyways. 803 00:42:08,760 --> 00:42:11,280 All right, well, let's go into our last segment of the day, the 804 00:42:11,280 --> 00:42:15,400 Arbitrum weekly roundup that we haven't there was there was 805 00:42:15,400 --> 00:42:19,080 quite a lot of stuff going on that front from the from, you 806 00:42:19,080 --> 00:42:22,240 know, from Franklin Templeton, from Stables, Arbitrum from, 807 00:42:22,240 --> 00:42:23,840 from, you know, from a lot of stuff going on there. 808 00:42:23,840 --> 00:42:25,880 I mean, Tyler, what do we even start with them? 809 00:42:26,520 --> 00:42:31,320 I guess with Franklin, right? Yeah, the big news is Franklin 810 00:42:31,320 --> 00:42:34,000 Templeton, they launched their on chain U.S. government money 811 00:42:34,000 --> 00:42:38,480 fund FOX on Arbitrum last week. So for a quick reminder, 812 00:42:38,760 --> 00:42:41,800 Franklin Templeton, one of the world's biggest asset managers, 813 00:42:41,800 --> 00:42:45,120 $1.5 trillion in assets under management. 814 00:42:45,480 --> 00:42:49,920 A quick TLDR of this fund launched so FOBXX, they invest 815 00:42:49,920 --> 00:42:53,840 99% of their assets in U.S. government securities, cash and 816 00:42:53,840 --> 00:42:57,000 repurchase agreements with a focus on preserving capital 817 00:42:57,200 --> 00:43:01,840 while capturing yield. It returned 5.2 four, 5.24% 818 00:43:01,840 --> 00:43:05,600 yield in the past year, 3% yield over the past three years. 819 00:43:05,600 --> 00:43:11,160 It's got $490,000,000 in assets at the end of July in this 820 00:43:11,160 --> 00:43:14,400 Arbitrum launch. Part of a wider initiative for 821 00:43:14,400 --> 00:43:17,720 them to to widen their access to retail investors. 822 00:43:18,080 --> 00:43:20,480 I thought the Franklin Templeton head of digital assets, Rodger 823 00:43:20,480 --> 00:43:23,440 Baston had an interesting quote. This is from the Decrypt 824 00:43:23,440 --> 00:43:25,720 article. The cost of using the network 825 00:43:25,720 --> 00:43:28,600 and the resiliency and the scalability of the network are 826 00:43:28,600 --> 00:43:31,400 all factors that we take into consideration when we are 827 00:43:31,400 --> 00:43:34,280 building the wall infrastructure into various blockchain 828 00:43:34,360 --> 00:43:36,880 ecosystems. So shouting out Arbitrum there 829 00:43:36,880 --> 00:43:39,880 for its resiliency and scalability. 830 00:43:40,880 --> 00:43:43,440 And I think, you know, for me zooming in like this is 831 00:43:43,480 --> 00:43:47,040 definitely bullish for Arbitrum and E that investment giants 832 00:43:47,040 --> 00:43:50,960 like Franklin Templeton trust it with launching funds of this 833 00:43:50,960 --> 00:43:53,560 size. And I think strengths like 834 00:43:53,560 --> 00:43:56,000 resiliency, they can only be proven over time. 835 00:43:56,000 --> 00:43:59,760 So that gives the existing L twos with the most TBL like 836 00:43:59,760 --> 00:44:02,320 Arbitrum who had the TBL, who had the history. 837 00:44:02,320 --> 00:44:06,080 I think that gives them a leg up in the race to capture this 838 00:44:06,080 --> 00:44:09,680 tokenization effort. And I think zooming out, I think 839 00:44:09,680 --> 00:44:12,360 the tokenization effort clearly making more progress than maybe 840 00:44:12,360 --> 00:44:15,600 some of us even realize. We we already have tokenized 841 00:44:15,600 --> 00:44:18,480 treasuries at 1.8 billion in size. 842 00:44:18,480 --> 00:44:21,600 A lot of that is due to Blackrock's Biddle fund, which 843 00:44:21,600 --> 00:44:24,640 is paid out seven million in in on chain dividends this year. 844 00:44:24,640 --> 00:44:29,240 It seems the SEC is given their wave of approval and it's big 845 00:44:29,240 --> 00:44:31,520 news for ETH. It's big news for Arbitrum. 846 00:44:32,600 --> 00:44:33,840 Interesting. Yeah, it is big. 847 00:44:33,840 --> 00:44:36,400 I mean, we love Franklin. You know, they're they're 848 00:44:36,680 --> 00:44:38,880 they're they're they're they're great asset manager. 849 00:44:38,880 --> 00:44:41,440 It seems like they're they're going all in on the on this 850 00:44:41,440 --> 00:44:43,320 industry, right. So it's been it's been good to 851 00:44:43,320 --> 00:44:44,640 see they've been running great reports. 852 00:44:44,640 --> 00:44:47,120 You know, they're really leading the charge. 853 00:44:47,120 --> 00:44:48,640 So big fan. Let's see. 854 00:44:49,000 --> 00:44:52,080 It just gives us more access to to on chain products, right? 855 00:44:52,080 --> 00:44:54,720 I feel like this is one of the, the big, there's like the 856 00:44:54,760 --> 00:44:59,160 biggest narratives of what's coming to crypto and you could 857 00:44:59,160 --> 00:45:01,920 buy stables and now you could buy, you know, these funds that 858 00:45:01,920 --> 00:45:05,080 are effectively stables but with 5% yield, right? 859 00:45:05,080 --> 00:45:08,600 So this is more diversification and more serious players. 860 00:45:09,240 --> 00:45:10,680 Yeah, No, that's, that's been good. 861 00:45:10,680 --> 00:45:12,920 And then the other big, big stuff, you know, and there was a 862 00:45:12,960 --> 00:45:14,720 few other little news on Arbitrum last week that we 863 00:45:14,720 --> 00:45:18,400 mentioned on the show, but the other big stuff I saw was the 864 00:45:18,400 --> 00:45:21,520 Orbit chains, right? Can now use USDC as a custom gas 865 00:45:21,520 --> 00:45:23,320 token. I mean that that helps quite a 866 00:45:23,320 --> 00:45:25,160 bit, doesn't it? Yeah. 867 00:45:25,440 --> 00:45:30,440 And so now you're, it doesn't, so you're, they don't have any 868 00:45:30,440 --> 00:45:35,120 different types of DC, which helps it makes it more, it 869 00:45:35,120 --> 00:45:38,120 provides, it creates a more stable environment for the, the 870 00:45:38,120 --> 00:45:44,240 devs and the teams behind these. Because, you know, now you, you, 871 00:45:44,280 --> 00:45:45,960 you control like what guest fees are, right? 872 00:45:45,960 --> 00:45:48,440 You don't have to worry about the, the price of ETH 873 00:45:48,840 --> 00:45:52,160 fluctuating like on a morning like today versus USDC, which is 874 00:45:52,160 --> 00:45:54,080 stable. It it it offers a lot of 875 00:45:54,080 --> 00:45:58,120 liquidity as well. I was looking at stables. 876 00:45:58,120 --> 00:46:03,160 So ARB is just dominating stables on L 245% of stable 877 00:46:03,160 --> 00:46:08,280 coins on L twos are on arbitrome $4.4 billion bases. 878 00:46:08,280 --> 00:46:11,400 Next up with 3 billion and optimism with 1.28. 879 00:46:12,640 --> 00:46:16,400 So pretty significant. Yeah, I mean, there's 50,000 ETH 880 00:46:16,400 --> 00:46:18,240 right on. There's this tweet from AJ 881 00:46:18,240 --> 00:46:22,440 Warner, good friend. There's a, you know, we're now 882 00:46:22,440 --> 00:46:25,440 only nine days into August and there's been an additional 883 00:46:25,440 --> 00:46:29,920 50,000 ETH bridged into Arbitrum, one additional 50K 884 00:46:30,000 --> 00:46:31,240 ETH. That's why, right? 885 00:46:31,560 --> 00:46:34,360 It's huge, Yeah. It's not slowing down. 886 00:46:34,520 --> 00:46:38,120 So I mean it feels like Arbitrum is you know for sure one of the 887 00:46:38,120 --> 00:46:40,360 the leaders, if not like the leader in L twos. 888 00:46:41,320 --> 00:46:43,000 Yeah. I mean when it comes to when it 889 00:46:43,000 --> 00:46:45,960 comes to to TVL, they definitely are up there, right. 890 00:46:45,960 --> 00:46:48,200 They're the the dead leader, right, the second largest heath 891 00:46:48,200 --> 00:46:51,120 holders. And so you're looking at where 892 00:46:51,120 --> 00:46:52,760 is it, Arbitrum, I had it, there it is. 893 00:46:54,240 --> 00:46:57,760 It's fucking $2.67 billion locked on there. 894 00:46:58,960 --> 00:47:01,840 But I mean that dip is because of the broader crypto dip, 895 00:47:02,080 --> 00:47:02,840 right? Like. 896 00:47:03,880 --> 00:47:06,360 I mean, it's all the alt like altcoins have just been trading 897 00:47:06,360 --> 00:47:08,600 over all that shit, right? It's like, I don't think it's 898 00:47:08,600 --> 00:47:10,920 just an arbitrant thing. I think it's everything. 899 00:47:11,120 --> 00:47:15,280 Every single L2, every single one of them, every, every single 900 00:47:15,360 --> 00:47:18,560 altcoin. You know, even most alt L ones 901 00:47:18,560 --> 00:47:22,320 too, brother, right? Besides, Solano have not really 902 00:47:22,320 --> 00:47:25,200 been trading as well. So yeah, the USDC stuff was 903 00:47:25,200 --> 00:47:28,440 pretty good, right? You can they deployed that with 904 00:47:28,440 --> 00:47:31,520 conduit XYZ pretty solid team. So there's there's a lot of 905 00:47:31,520 --> 00:47:33,160 stuff going on. So if you're trying to, you 906 00:47:33,160 --> 00:47:35,920 know, if you're trying to build something, definitely pay 907 00:47:35,920 --> 00:47:39,120 attention to what's going on there because it's interesting. 908 00:47:39,120 --> 00:47:41,560 I always wondered what all these big brains over there with all 909 00:47:41,560 --> 00:47:44,280 this ETH spend it on what's what's the one thing you know, 910 00:47:44,280 --> 00:47:46,000 because they they like to hold their ETH over there. 911 00:47:46,440 --> 00:47:51,040 You know, I want to know what the arbitrary E Wales we're 912 00:47:51,040 --> 00:47:53,040 going to spend their their their ether. 913 00:47:53,080 --> 00:47:54,720 There's all meme coins over there. 914 00:47:54,720 --> 00:47:57,720 How we know? You know, like define they like 915 00:47:57,720 --> 00:47:59,000 yield. I think that's yeah, they. 916 00:47:59,360 --> 00:48:02,200 Like yield right. They like they like the really 917 00:48:02,200 --> 00:48:04,760 right, right to me, like arbitrons, like a really like 918 00:48:04,760 --> 00:48:07,400 right curve chain right in a good way. 919 00:48:07,480 --> 00:48:09,480 You know, they can't all be left curve in the industry. 920 00:48:09,880 --> 00:48:12,160 You know, we probably got Salotta for that. 921 00:48:12,560 --> 00:48:16,880 You know, give me give me some, you know, give me some, some, 922 00:48:16,880 --> 00:48:19,680 some some right curve stuff as well. 923 00:48:19,720 --> 00:48:23,400 All right, well, look, well, look, Tyler, I think I think 924 00:48:23,400 --> 00:48:25,240 it's a good round up. We're coming up on time here. 925 00:48:25,240 --> 00:48:28,280 It was a great show Tomorrow. We got the robot spins, which by 926 00:48:28,280 --> 00:48:31,080 the way, shot the robot our our our sponsors on the show. 927 00:48:31,080 --> 00:48:33,880 They they've reached 5050 right. The bird supply over the 928 00:48:33,880 --> 00:48:35,920 weekend. It just hit. 929 00:48:36,440 --> 00:48:38,240 We mentioned it last week. They were getting close to that, 930 00:48:38,240 --> 00:48:39,840 but the weekend is when it actually hit. 931 00:48:39,840 --> 00:48:43,320 So Congrats to them. And so with that with that with 932 00:48:43,360 --> 00:48:45,280 that, we'll see y'all tomorrow morning, 10:00 AM Eastern 933 00:48:45,280 --> 00:48:47,600 Standard Time for another episode of FOMO Hour on rock 934 00:48:47,600 --> 00:48:49,000 radio. Let's.