Yo-yo, yo, what up? What up?
Good morning, Good morning, GMG Monday.
Dude, how is it still January? And it's like just the 22nd.
Hold on what? Like, honestly, this is oh OK,
so I guess Monday, January fucking 78th, you know what I
mean? Like 202444.
And you see that you bring on a Monday morning like no one else
brings it to it like. Nobody.
I didn't. Even I tried to do the intros
before when you were away and the music just drowns me out.
Like, honestly, I didn't hear one note of the music when we
went live just then. When you do the intros, I was
listening and it's so funny. It's just like, OK, so good
morning. All right.
So bitcoins, AT44K Solana is at 24K.
So what do you think about the the inflows I like?
Hey, listen. Business.
It's a 30 minute show. When I do it, it's a 30 minute
show. OSF actually merges from his
shell. I don't think he's actually
looked at the camera once, so. It's not OSF.
This is his younger brother, which is why, you know, we
thought it was him, but it's actually his younger brother.
But yeah, listen, I've been up for fucking like 5 hours
already, bro. This morning.
I don't know, 4 hours I did. I don't know.
I'm just hype. Another Monday.
You know another day to get dumped.
Jumped on by by Barry Silbert and his boys.
The grayscale. You know, another opportunity to
build another opportunity to buy our favorite coins on a dip
before a Giga Omega Ultra Bull run coming in later this year
and 2025. You know, another reason to to
to have some fun. It is a beautiful day to have a
beautiful day and I do have my clothes in the house.
OSF Mando, how you guys doing this morning?
Just watching Bitcoin tick by one second tick chart just.
We're ripping right now, right? We're absolutely ripping right
now. We just we just we just ripped
from 40 point 4K to 40 point 6K. On the one second, on the one
second chart we're ripping, bro. Naughty .4% move right there,
that is. It's been more fun.
It's not the second one, it's the line chart.
The, the, the roll bit, the. Roll bit, line chart.
That's. The best chart?
Actually, that's. The best chart, The one that
goes shoot. Actually when it.
Goes up you just like, Oh my God, it's still going it again.
Yeah, if you have not traded like 250X with the line chart
before, you have not lived. Not on Bitcoin, right?
You got to be doing that on WHIP.
Roller. Coaster and whip this this
weekend. It was last night.
I had like $20.00 because I emptied my account.
I was like, you know, I'm going to show and buy some spot tips.
So I I left like $30 in there. So I was like shorting with or
like the only like $20 or like $5 at a time but with like 1000,
just for the kick, because we're sick, right?
We got to click a button and it's like $20 risk, right?
So whatever. It's just like, it's just funny
that you mentioned that because that was literally me last night
needing to feel something before I go to bed.
But anyways, yeah, I mean man, today on the show today let me
post the broadcasting. We are live as usual just so you
all know, but you already know. X videos post on from our in my
highlights in the from our headlights on the boys pages.
We're live on Twitter space as well.
Give the boys a retreat. Gives your boys some love.
Give your boys some 100 signs in the air.
You'll have to see it. Let's fucking go.
We show up every day. We host the fire show.
This is what we love to do. This is how we build and of
course always live on the Rug video YouTube channel if you
prefer a YouTube experience. Which by the way video
experience is always like a bajillion times better than the
audio experience on this show. But anyways, today on the show,
today, today what we got BTC, right of course, falling below
40 kids. No, no, not yet.
Sorry, that's happened soon I guess.
Or maybe not. But anyways, that's what people
seem to be talking about. Terraform Labs applying, filing
for bankruptcy finance that inflows over $5 billion is a DOJ
settlement. You know Warren pushes new AMA
rules for crypto. Then the Lord gave me the Lord
Lord Lord told told me, said give him a 10X.
That was something. I'm glad you added that quickly
this morning man. Though I forgot about that I saw
this weekend. It was hilarious.
So apparently God sending pastors out their signals to
dump on his preachers. So we're going, we're going to
see what's happening here. You know, I did not expect
Monday morning to talk about God sending us signs about crypto,
but hey, here we are. And then last but not least, you
know, a big weekend for NFTS at least, even though our coins are
not doing so great. But hey, could that be a sign
that NFTS and mean coins could be doing better?
We'll see. But crypto punks absolutely
flying over the weekend, A lot of mid to rare sales, a lot of
rare bids as well. Got $5,000,000 bids on on the
aliens. We'll talk about this in a
minute with the floor heading 65 ether on that's up 2 1/2 X since
Friday. We cannot all said that on the
show Friday. Like look like there's always a
second life, a second pump, these projects when there's a
big dip. So whoever caught on to that,
congratulations Big cool cats guys sweeps as well.
And are we so bad that Dwight Howard is dropping an NFT
collection? Seems like we are.
As usual, this show is powered by Ledger on on Avax on top of
that. So this is how back we are.
Hey, the Avax Foundation did say that they were going to be
pumping people's bags like they did announced that last month.
So looks like the Avax Foundation is back to work on
this wonderful month and still month of.
I mean, Christmas was not even a month ago.
I don't understand. I don't understand.
It's crazy. How are we still in in in in
January? I don't know.
But what's that for? Dude, let's get this party
started. Seems like Manda wants to talk
this morning, so let's go to him.
Who is the man Knackledaddy of the lamb?
Can you dig it? GM, GM, everyone.
So we had a little bit of a respite over the weekend.
I think Bitcoin kind of migrated up to around 42 K after that
Friday pump ETH was hanging out just shy of 2500.
Everything felt okay, but a little bit, a little bit nervous
I would say we were even. OSF is in the chat.
Really hope Bitcoin doesn't dump on Monday.
Well, Bitcoin dumped on Monday. Bitcoin basically is holding up
just above 40K right now. You have ETH which is just South
of 24123 sixty I think Area and Solana.
Solana went from trading around 9394 to now right in 86.
So a big move in in the majors and you've seen bunch of alts
get absolutely wiped out. So if things look bad on on
Thursday and Friday it's they're probably down another 5 to 10%
from there. Things like say are like 59 that
was at 69 I think on Friday and we said wow that's that was a
big move. Things like whiff is down to 260
million. That was at 3:50.
I think all the alt coins that OSF wasn't weren't moving.
They they've begun to move again.
So big, big move lower. Catches trays today he he did
say everything is going to go lower.
Yeah, he did. He did.
No, I. Didn't catch.
That was sold. I'm the one that sold two weeks
ago. Just saying.
By the way, that was timed perfectly.
But anyway, saying it's funny man, though I'm going to go back
to you, but when you look at the top gainers on the screen,
there's only like 3 and two of them are fucking and all four of
them are like a stable coins. I opened it up today.
There was only one It was DYDX&C ago.
And I was like, oh God, this is not pretty good.
USCC top gainers. Yeah, even Tether didn't make
the list. You know, Tether is actually
down let's. Go send it anyways.
Go on man, tell us more. So yeah, a bit of an ugly, ugly
start. A few different things I think
the timeline is focusing on. Obviously you have 700 million
of GBTC got got sent to Coinbase first thing this morning.
It looks like a large majority of that is actually to do with
the FDS FDX estate. Remember FDX was a large holder
of GBTC. They have moved to sell well
that position as soon as it's become liquid like an ETF.
So there's a lot of talk about FDX Sam from beyond the grave
destroying us. Again, not beyond the grave, but
in in in prison. And then the Foundation was
selling ETH again today. No.
Dude, God love that. 24 Rd. Promise operational expenses
when they saw like the pickle top at 4:00, not pico top.
The absolute generational no not.
I mean the top 46. $100 That's how like knows his days, right?
He's just like, fuck it. Here we go lads.
Give it to him. So they sold I think just shy 2
million which isn't that much. But in the grand scheme of
things everyone hates to see that sort of headline.
So Solana Solana is getting a bad catching some strays as well
today. I would say the the one
positives well like people are now looking for what's positive,
what's negative coming up. Arthur Hayes came out today and
says he was buying 35K puts on Bitcoin, so he thinks we're
going much lower. I don't know if that's a bullish
or a bearish sign, but he's pointing to the idea of the Fed
refinancing coming over at the end of this month.
There's a lot to unpack there. He basically thinks it would
like you're going to see a sovereign crisis in the US He's
basically implying with how the Fed's going to have to refinance
what the Fed did with some of its refinancing is it pushed a
lot of it out the last time it did some of its refinancing.
And people are now saying that's going to come.
That's going to have to now be in H1.
What does that mean? It basically means that the
government's going to have to start funding a lot of its debts
pretty soon and you're going to see a lot of liquidity needed to
do that. So people are saying, oh, maybe
that's a liquidity drawing event.
It seems a little bit far fetched.
So that's going to be like why crypto sells off, but that's
what Arthur Hayes is pointing to.
Stocks are obviously hitting an all time high.
So to a large extent macro doesn't feel terrible to me, but
maybe, maybe we're heading to a sovereign crisis.
I I don't believe in with Arthur Hayes there but it generally
just felt like a lot of stuff everyone's like fuck it's moved
up you know 3-4 X on alts bitcoins had a huge run.
We can we can move we can move lower and no one's really going
to step in for a for a for a little bit more blood I don't
think at least a lot meaningfully.
So that's the kind of world we're living.
I I would say on the positive side obviously macro doesn't
feel terrible. Secondly there is a very
important law court case between the SEC and Coinbase going on.
Bloomberg analysts came out on Friday and said they think 70%
chance now that the coin that Coinbase gets that thrown out.
So that would be very, very big. Remember this is a coin.
This is a case against pretty it's effectively against like AI
think a basket of 12 different altcoins which you've all kind
of heard of but the largely it's it's an attack against all all
different altcoins. If that case gets thrown out it
would really really hurt Coinbase's ability to continue
with this enforcement action without regulation stance that
they've been doing. So I think we'd we'd essentially
be at a stalemate until potentially the next government
came in with a with a a framework for regulation there.
So that would be quite a big win.
I don't think we're going to hear exactly back from it.
I think maybe for a week or two, but the the the case should be
like the final argument should be this week.
So yeah, it could be, could that could be 1 positive thing at
least for all coins that you that you see the SEC having to
kind of step back. But to a large extent it feels
as though the market is happy to go lower right now, or at least
that's the path of most pain. And no one's really stepping in,
I think in meaningful size because we're a little bit far
away from the halving we're we're maybe going to get that
Coinbase thing come out, but you don't know the timing of it.
So it just feels as though we're just losing, losing some
momentum and things seem to be heading South.
I wouldn't be surprised if I think the Technical Support is
like 39 K on on Bitcoin. So I think we could go below 40K
here. All right, OV on the Tradfi
side, looks like we're we keep it in.
Highs, huh? Macro is really strong right
now. Stocks are strong.
We closed a lot higher on Friday.
We were high again today. We're at new all time highs.
So yeah, macro's doing pretty well.
Think on crypto I'm getting like slightly more, slightly less
like core like bearish or whatever I was short term wise
like I think you know all these GBTC like well alert things that
we see that remember that's only just like 1/2 of the story and
every day so far apart from 2 days last week we had net
inflows in in the ETF then and there's been a cumulative net
inflow of like 1.2 billion. So I think we need to see like
the total flows at the end of the day.
At the end we're just seeing the people who are selling but
people are also buying we we just see like who sold more
versus who bought more and to get them the the net number at
the end of the day. So I don't, I don't pay as much
attention to those as the rest of the market does or the rest
of CT does. Obviously.
Like it's pretty hard hitting when you see like like $500
million like Bitcoin transferred to Coinbase.
But there's also like a lot of money being transferred out of
Coinbase into other wallets as well whereas people buy them and
and take them off into self custody.
So I don't think that's the be all end all.
I think it's also like kind of constructive that yeah we
dropped we we we naked at the open but we slowly started to to
grind higher on Bitcoin after that and we didn't actually fall
below like 40.4 like we went from 41 to 40.3 like red candle
down. I was just like been climbing
back throughout you know over the last hour or so.
So I don't know like part of me thinks that maybe the flows are
OK and like the fact that a billion of it was the FTX estate
is is a bit more bullish as well.
It means like it's not just GBT, like you know there's there's a
reason for some of that GBTC money leaving.
So yeah, I'm like definitely still cautious here, but maybe
everyone's like oh definitely could go into the 30s like I
don't know, maybe, maybe we won't.
Maybe that's all, like maybe that's what everyone thinks now
because we've had this pay and we keep seeing these well alert
things. But we're not seeing like I'd
love to see the net. If the net info number starts
turning into a net daily net out for number and the net net out
for number keeps growing, then I would start to get very bearish
and I think we dropped to mid 30s.
But as long as we keep seeing a net info number, I think we may
just. I have a sneaky suspicion we may
just about hold the line. I don't know.
Bullish, Bullish. Not.
Sure, just. Quite honestly, if when I see.
Yeah. When I see dumb takes about the
fact that we're gonna go lower because of the Fed funding, I'm
just like, yeah, just making up something about why we're gonna
go lower rather than anything. Lower, I just say that we're
going lower because of the vibes.
Does that makes more sense than the Fed funding argument, right?
Or other vibes because we're going lower.
Don't don't forget also like the funding rates are basically 0
right now to. B or not to B thought is the
question. I agree with you OV questions
for you all. And some things are negative
funding as well. Like like it's you're.
Literally getting paid to be long right now on most
platforms. On.
Yeah, On some, Yeah. On some.
I think it's like, it's it's like random shit like BNB and
like Sia say, and like some random coins and shit.
But like, I don't know. Like, I think it's just, it's
just like if we punt, if we punt, yeah, if we punt like to
42K or 43K again everyone would everyone be like, oh shit, would
people be happy or sad? I don't know like.
You know what happens? But we go to 42 K everybody
calls for, but that's that's how it is.
Come on. This is how it is.
Question though and that's kind of what I was talking about to
you guys this morning. Just it's.
I think it's an interesting conversation to have like as
Bitcoin clearly becomes more tied up every time the market
opens. We know we're dumping.
It's like it's become a meme right now everyone's like, OK,
trad markets are open and let's go.
Even on Friday you two were like, Oh well like we can't get
dumped on by trad fi, we're going to pump this weekend.
What happened this weekend? All the meme coins went crazy,
right? And like a lot of cool stuff
happened. There's a lot of good OPS like
to catch some good trades this weekend.
Even Bitcoin like went a little higher.
E soul like it wasn't that bad, right?
But like are we do we think that like bitcoins getting way more
or tied up to like the GBTC narrative at the moment until
they're done dumping, which by the way they have a whole lot of
dumping left to do. And I know that's one side of
the story OV but we know our industry is tied onto narratives
heavily, right? The next narrative is not big
for the having right and the IP four and eight something
something it's not until later as well, right?
But like do we think Bitcoin gets more tied up to like track
five prices? We see it like chopping sideways
for a while, while like maybe the theorem ecosystem detaches
itself a little bit. The Solana ecosystem detaches
itself a little bit. Like, do we think we start
seeing this sort of like movement in the space?
And by eco, I mean like meme coins and NFTS as well, right?
Yeah, here's what I think. Well, first I just sent you a
link. By the way, there's another way
of that thing which says like 5500 Bitcoin transferred from
Coinbase to unknown wallet, right.
So that's like that's some of the other side of those flows
that people are buying on the other side.
But one thing I would say is like, yeah, like there's
obviously a lot of transfer involvement in Bitcoin now that
will be on ETH later this year hopefully.
And one thing I said that last year the NASDAQ closed almost
50% higher in the year. Like it was like insane returns.
And we talked last year about how Crypto Under felt like it
was underperforming stocks because, you know, we'd have
days where, like, crypto would move lower and stocks would move
higher. And that's because, like, people
were who are in stocks and tradify people, They're like,
well, why would I, you know, stocks keep going higher?
Why would I sell my stocks and move something else, right?
Like, if you own an asset as a human, if you own an asset and
every day you wake up and it's higher again, you're not going
to sell it, right? You're going to keep riding it
until until that asset stops rallying or starts to go lower.
And another asset is rallying consistently every day.
And then you'll be like, cool, I want to move to the other thing,
right. So last year we just had stocks
go up like for the whole year basically like, you know, buying
maybe like a a quieter period of the summer, but we're not for
the whole year. So traffic didn't want to swap
into risky things they didn't want to swap into crypto.
But now it's going to be very, very hard for the NASDAQ to
return another 50% this year. Like it's just no, there's no
way that's going to happen. And maybe you're playing for
like a 5-10, if you're really lucky, 15% return on on on the
NASDAQ this year. So therefore you have to start
and people are away. If you're still bullish on
markets which many people are, you have to start looking at
riskier stuff and and that could be crypto like the best case for
crypto right now is if stocks just stay stable and move up
0.5% every single day people are going to start rotating months
crypto. And guess what it's so easy to
do now because you do have a spot Bitcoin ETF and you'll have
a spot ETF. So I think like if you just zoom
out for a bit if you're if you're bullish on markets this
year, which I still am, I still think we see rate cuts.
I still think you'll see like some fudging around of numbers
with the elections in in a in a bullish way you I think you will
have you will start to see that rotation into crypto and it's
you know for tried five people because it's easy to do now and
I think you just have to remember like we're fucking two
or three weeks into this year which is a very important year
on many reasons but still extremely extremely early into
this year and these narratives take a long time to play out but
I do think it will play out I think as as the as time goes on
you'll start to see people rotate from stocks to crypto
because it just. It just makes sense.
Crypto's still 5060% off the highs.
Stocks are at all time highs. Stocks are going to stop.
You know the the, the amount that stocks go up every day is
going to start to decrease versus the potential that crypto
has. And you can go out there and now
buy spot Bitcoin ETFs. Like I just think you know, so
long as like macro data holds up and you know we still have fed
rate cuts on the table, I find it very difficult to believe
that people won't start doing that trade in more size and with
more aggression as the year progresses.
All right. Well, it looks like, oh, at
least one wheel agrees with you. You know, transferring $200
million from Coinbase to to their back to their hardware
wallet. That's the other side of the
story, right? That's that.
We don't like to tell because it's not as funny as the Barry
Silbert memes dumping on us every single time the market
opens. But let me tell you every single
time the show starts we've been just like going South and then
you know we start catching up until the close at like 4:00 PM.
But it's funny, it's just funny to watch now everything just
correlate a little more to to more traditional markets here.
So we will see where that takes us and that's about it for now.
On this front, there was some news of like the the Binance
Mando, what was it? The Binance then inflows at $4.6
billion since US regular settlement and the CEO
departure. What's happening in Binance
these days? What's the?
What's it? What's the What's what's
happening there since since CZ? Well, let's see.
What new CEO? They getting a getting a drink
quickly. Sorry, I'm thirsty.
But it's this is not an airport. You have to announce your
departure. I think the Wall Street Journal
put that a good piece which which was about Ceezy's
girlfriend who's actually like running the show.
I don't know if you know this at Bioneers a couple of months
months ago or partner or it was either 14 or it was.
I'll find it, don't worry. You'll find it.
So I think he's still. Wall Street Journal yo, it's
remember that that meme, like new CEO, is like CZ but with the
mustache. CZ with the long hair, CZ with
the thing. This is literally the meme so
good. Yeah, the crypto queen pulling
the strings at Binance. Ye He Yi Hei, a former talk show
host, has sweeping control over the crypto giants, marketing and
investment divisions. She's also founder Chang Chang
Penzoz. So CC long time romantic
partner. Yeah, I can't.
It's a paywall so I can't go further.
So I think obviously he still has some involvement in in the
firm. He's obviously still a
shareholder. We're still waiting to see how
long he goes to prison for. I think he's still hanging out
in Seattle. But the they've definitely seen
inflows since since the lot. It's a settlement people I
think, I don't know, I think people will definitely feel a
little bit safer with finance since that's happened, right.
It's going to be difficult for them to do something really bad
now that they're basically on a constant watch in the from the
DOJ. So yeah, people have felt, still
felt OK with it. They're obviously pushing ahead
as they were for a while with big build outs across Asia.
They've made a big move into Japan, Thailand.
They didn't win the contract I believe to like be the main
exchange in in the UAE. I think that went to Coinbase
potentially. I remember seeing Dubai like
they basically said they want to move, move out.
But yeah, there's obviously still a huge exchange.
Their market share has been dropping throughout the course
of 2023, but it has bounced back slightly since the DOJ thing.
I mean Dubai's. Gonna have the wins change,
right? So.
Yeah, but there was something, there was some extra license
basically as with all these countries, you know, you need to
all. License.
Yeah, I know. I know the guys got it.
I know the guys got it, the the backpack guys, the mad lads.
Yeah, they've got one, yeah. They've got one.
They think this is Abu Dhabi there because obviously like the
UE, it's also like different city states.
So I think it was the Abu Dhabi 1 potentially.
Yeah, yeah. No, I I see here.
I see. Yeah, you're right.
It's the Abu Dhabi license actually.
So, OK, so I guess we'll see what happens in that front.
But hey, I guess it's good to see more infos going in at
least. Usually, yeah, balance is not
going down like. Wait, what?
I thought. I thought there was like this
guy writing threads all year last year saying it's going
down. How is it?
What 4 looks? Looks like we're doing fine. 4.
Which juice did you get there? What are you?
Drinking. Super smoothie mangoes, Peaches,
apricots and apples. You know, you're literally like
such a like odyssey, like that's all time highs or lows.
You announcing that you're thirsty, so you're going to go
get a drink like in the middle of like, talking.
Don't want don't want to be rude.
Don't want to be rude. He's a big mango guy.
You are. You know what?
I I don't like mangoes, but I have to say dried mangoes.
I had to stop because. You're like mango is very good,
like underrated snack, yeah. It's like, what if OSF great,
great grandfathers apparently live till like 150 just eating
mangoes. So OSF just mangoes?
Man, the guy is like just like sipping his juice and making
this sound. That's gonna.
Look, here we are like trying to look all serious now.
Like we're adding like our streams on the crypt and
everything, and this is so good. Anyways, why don't we talk about
the other topic today, which was God, it's not Sunday and it's
not time for Shabbat candles. Friday.
It is Monday, though, and so over the weekend it went viral
and looks like this pastor. What's the story Mendoza he was
like? He created a shit coin along
with his wife and he it came out over the weekend that he was now
facing a lawsuit, a civil lawsuit from the Colorado
Securities Commission. And then he took to to a video
to defend itself. I think we should just listen to
the whole video because it's probably some of the best
content I've ever listened to. So primarily why an online
pastor was charged in Colorado for $1.3 million crypto scam.
He's released a 9 minute long video explaining that the Lord
told him to sell a cryptocurrency with nuclear exit
and spend some of the proceeds on a home remodel.
The Lord told us to do so, so that's a quick like 2 minute
cut. Enjoy.
Y'all. And if you don't know, we're on
video as well, so join the Xvideos or YouTube as well.
Civil charge from the Colorado Securities and Exchange
Commission for basically selling millions of dollars worth of
cryptocurrency that is deemed worthless by the state.
Now the reason that they're saying that it's worthless is
because there is no exit for people who have bought.
We launched an exchange, the exchange technology failed,
things went downhill. And from that point forward,
we've just been, we've just been waiting on the Lord literally
for a miracle. So the charges are that Caitlin
and I pocketed $1.3 million, and I just want to come out and say
that those charges are true. So there's $1.3 million that's
been taken out of. I think there's a total of 3.4
million. But out of that 1.3, half
$1,000,000 went to the IRS and a few $100,000 went to a home
remodel that the Lord told us to do.
So how this whole thing started is the Lord told us in 21 to
walk away from our marketing company and he said I'm going to
do a new thing and then he took us into this cryptocurrency.
It was a different cryptocurrency other than Index
Co at the time. Well, that cryptocurrency turned
out to be a scam. And so the Lord says give that
to him, but also give them a 10X and I'm like, well, where's this
liquidity going to come from? And the Lord says, Trust me.
Trust me on the AS when he's. Coming in, we would be sewing
it, and at first it was hundreds of dollars and thousands of
dollars and thousands of dollars.
When he would come in, we tied, we sew, more money would come in
and so we. Were just always under the
impression. That God was going to provide,
that the source was never ending.
That God was doing a new thing and that we had nothing to worry
about and. We sold.
A cryptocurrency with no clear exit?
We did. He put God at his word and sold
a cryptocurrency with no clear exit.
And so the prosecutors have to take that and say these people
willingly sold a cryptocurrency with no clear exit.
But we're praying for, and what we're believing for still is
that God is going to do a miracle.
God is going to work a miracle in the financial sector.
Oh my God, that is hold on. But that is insane.
Is the best line I think I've ever heard.
So half $1,000,000 went to ERS, and the couple, a few $100,000
went to home modeling that the Lord told us to do.
You know what I mean? Like, I mean, that makes sense,
right, Mando? Like has the Lord ever told you
to take profits? I just loved it.
I just loved every word of it. I actually do.
You know what? I haven't looked into what the
coin was, but we should, we should try and see if it's been
pumping. I bet you it's been pumping.
Yo, hold on. For what it's worth, please be
careful here. Lord the Lord, the Lord said,
Give them a 10X. That was the best part.
I mean, the Lord told them so that yeah.
I mean they got rugged on the previous chord and the Lord told
them to just launch a new token and get a home.
I mean, that home looked nice. It looks like they have a nice
beautiful view in the background, given that that was
not a fake one of the Lord. Said.
Give them a 10X, dude. Yeah, I mean I wish, you know, I
wish the Lord would give me a 10X, you know, it's it would be
really cool. For the show, for the show.
Sorry for the for the Lord to come in and give me a 10X would
be great because so far the Lord you know could could do a little
better up there, do a little better you know.
Anyways, so moving on, moving on, that was a crazy.
Thing One of my favorite things that's happened for over the
last few months. Just just.
I have. I have to agree with you this is
this is honestly just perfect and and it's just like you it is
like he fully believes his own bullshit and like there's Zach
Gibiti posted a comment after this and and he posted comments
of people like sending him him like you know sending him a
bunch of like respect. I'm actually looking onto Reddit
right now. Colorado pastor targets
congregation and $3.2 million scheme.
It says here on on Reddit and I'm just I'm just trying to find
what token it is. I can't find the token either,
like it wasn't immediately obvious to me, but.
I can't. I can't find it.
A pastor in Bryant, Ohio is. Facing said it like index coin
or something like that but. Then index was the one they
bought before, right rug gun. And therefore therefore the Lord
told them to make his own. So that index thing he's talking
about was not the one he made, it's the one that he.
All right. That was the one previous,
right? Right, which is where there's a
pop up saying we did not make this coin.
But anyway, hey, the last the only thing we could do.
Melissa's right and the comment is pray for our bags and the
Lord will give us a 10X. That is the way ladies and
gentlemen, This is why we talk about Shabbat candles on Friday
and Saturday and and you know, and why we trade chick corns on
Sunday. Anyways, OV, what are you
drinking now? Drink number two, another mango
based drink I think. Yes, Spark Sparkling Mango
fucking mangoes. That fucking loves mangoes.
I'm really, I'm really, I'm really thirsty, man.
And I don't drink. I'm really bad drinking water.
But sometimes I found water isn't enough need like something
sugary. But yeah, we.
Used to go for smoothies regularly.
We did go for smoothies regularly.
Famously, Yes, I. Think it's cute?
You guys are cute. Anyways, last but not least,
let's talk about NFTS a little bit, lads.
Let's yeah, let's do a little NFT roundup.
I mean, this roundup has to start with crypto pawns, right?
I mean, if you have a PFP, if you have a PFP on your 150K,
don't add me, you K don't. You know what is it?
If you have it, what's the pasta?
If you have IFT under 100K, Don't.
Don't talk to me.
Don't, don't, don't add me, don't anything.
Hey, it looks that looks like a heavy, like a like a quite
healthy crypto punk floor to me. So what happened this weekend is
that the crypto punk just went berserk.
They're now they're not 100 at $153,000, but 65 ETH and some
insane insane volume going on these punks all weekend long.
I mean a bid just came in for $1 million for a zombie right now
actually during the show and it's look, it's just been great
to see. I mean, if you look at the last
sales here on the screen, they're all big.
A lot of them are big. Salesman, another 3D glasses
here. Oh yeah, I know you.
That's that's your stuff. 3D here going from 91, E man big
beards. You got top hat.
Mando the Mando punk sold the top hat.
So I mean this string of sales here is insane.
A2 back-to-back. Cowboys at like over tourniquet.
Top hats over 202 back-to-back. Sorry, three back-to-back to
back. Hoodies above $400,000.
The punks are flying lads. I mean the feroke punk My last
punks sold this weekend as well the one I sold to upgrade for
the current one. Love to see my son trading hands
here, but but this is cool to see and it seems like there's a
fun that's involved in this that has been buying up a lot of
punk. So it's like 1 wallet that's
buying and bidding on a ton of punks but also a lot of people
following. And then punks OTC just you know
sending a $5,000,000 bid on a on a on a alien punk which is
Perugia's punk and a bunch of ape punks also catching some big
bids here. I mean, what do we think here
boys, this is, is this is usually a sign of health in the
NFT marketplace do. You know who this fund is.
That was tough. No, I'm not sure.
I don't know. I don't know who's who's.
No, I don't know. Yeah, clearly.
Clearly someone's come in with some money opening up an FC.
Punk. This is the punk.
They've bought this one wallet, bought 9 punks, and it's not a
single full punk in there. Yeah, no, it's at least someone
who knows punks. Someone who knows punks, a lot
of mid tier ones, some of the like things like top hats which
look undervalued to me if I'm honest.
I mean. This is you.
Some of the other undervalued traits, yeah, it just seemed to
seemed to have moved. So yeah.
And then you've had some like actually realistic bids on some
of the 8 punks. So I think I saw.
You saw this one, got a bid and then snow for a road over the
weekend that it's not for sale. But that was such a chat tweet.
Yeah, but there's been a quite a few quite big bids for a punks
and maybe we'll see one of those trade definitely feels as
though, yeah, it's heating up cryptic punks going to 65 floor.
It's just crazy that that like they are just so far ahead again
like compared to there was a period obviously where there was
a few different things looking like they could move like that
and crypto punks are now basically 3X apes, right?
That's that's kind of wild, very, very big move and wow.
Look at those bids. These are all bids.
These are all live bids. There's four bids on 4 fucking
hoodies. And for those who don't know,
you cannot place a collection bid in punks.
They can't just bid 250 ETH on the hoodie and have it all
hoodies. It's one person bidding 1000 ETH
because they have to do it four times like it's pretty Chad.
When you look at the amount of money in bids and punks like
they're all individual. There's no such thing as a as a
collection bid on punks which is really impressive.
Something you love to see right. Where's the alien punk that
caught a big bid but that was that was punk's I got.
Dude, this guy's like moving markets man.
Like the the way these people bid over there.
What is it? You saw this tweet like I said
91,000 ETH in volume which pretty well but this was the
punk here for Ojas that got a bid withdrawn now but it was
1700 ETH over the weekend. Oh, big, big punk weekend over
here. Big Punk weekend, well.
Over the over over the weekend. Uh oh.
Is that going? Over the weekend I was in Disney
World and God came to me and said, Benny, you need to build a
tunnel. You need to build a tunnel to
show the light for punks, and you need to show and build a
tunnel to show the light that we will be pumping.
And he told me this in Disney World.
So I've built a tunnel from here back to New York, just so you
know, and I am ready for what's about to happen.
I hope people are also because they need to understand that
this is, this is not some small little sign.
This is God telling us. I'm going to tell you a very
quick story. One day there was a man
drowning, OK, Because it was a flood.
OK Do you guys know this story? There was a flood and someone
said, hey, I'll save you. And the guy said, no, God's
coming to save me. And then a guy with the boat
came and he said, no, it's fine, God's going to save me.
Then a helicopter came. He said, no, no, no, no, God
will save me. And then he died and went to
heaven. And God said, why?
What happened? He's like, you were supposed to
save me. He said, well, I sent you a boat
and a helicopter. That's what's happening right
now. God is sending us the messages
and we are not listening. So if you, you have to listen.
Give him a 10X man. Listen to God.
I mean it's So what is the moral
of the story is that he's sending us messages.
He's he's pumping. He's pumping.
Listen, this guy, he made $1.8
million. God told him to make it.
We have punks pumping everything.
He's telling us. He's telling us it's there.
It's there for us to see. But yet we aren't listening to
him. We have to listen.
Yeah, I mean, we definitely have to listen.
Speaking of listening, I mean this just in, well, not just in,
but this is 20 minutes in. What was it?
Barry Silbert, Grayscale moved $900 million in Bitcoin on
exchange. So.
So brace yourselves because that is God sending us another
message here. He's sending us another fucking
boat. The thing is there is $20
billion worth of boats coming our way until the halving.
So. So you know, it's a lot of
boats, it's a lot of boats. But to Betty's point, when Q3
comes, Q4 comes and everything's going crazy.
Don't say that God didn't send you a message on chain messages.
By the way, Benny, we're getting our messages on chain this year
that he didn't try to save you. So Benny, those are some wise
words here, my good friend. Thank you for preaching here.
I think we're going to need you more often as we honestly are
just constantly getting dumped on during the show.
It's the show is just at the exact time where these guys are,
like completely obliterating the price of Bitcoin.
How's the one second ticker going?
OV. Not great.
I'm watching it right now. It's not great.
Oh man, that is so. Fun Even Eric quote tweeted that
tweet and said Damn, this has been a pretty solid indicator of
nightly flows to break yourselves.
I doubt are. You just realising this like
these guys were like praising like GBTC 2 weeks ago and I was
like do you guys know what GBTC has done to us?
They said they doubt the Nike $900 million in one day, the
9:00. Sounds like it's.
Going to be, yeah, The nine. What are they?
Calling it No, it's just something, right?
It's the nine but. It's like the the newborn, the
newborn, the 9 newborns. Newborn nine.
I think the nine is better at 4:00.
It's like a it's like a 70s, like go bad or something.
I mean, I mean, look at our go. Look at our go.
I mean, we are. Wow.
Anyway, so back, maybe. Maybe someone wants to buy it.
Maybe they've agreed this, maybe they've agreed the trade and
someone. Someone's buying off them.
Yeah, maybe Larry thinks like, listen, like I'll buy all the
Bitcoin you have at 38 K, then fuck off.
Maybe. Maybe they don't know.
Like, maybe they're not trying to sell the whole lot.
And Larry's like, how much have you got to go there?
Like 900 mil. They were like, well, would you
here for it? And they're like, and he's like,
cool done, yeah. Larry versus Harry.
Is it Larry versus Barry? Yeah.
Hazza versus Pazza. My money's on Larry Barry's.
Just like, anyways, Barry's just a scammer.
Anyways, back to the NFT front. Back to the NFT front.
That was a lot more fun, right? Let's talk about JPEG, because
Jpeg's are. A bunch of other like the other
stuff that moved crypto One deads did a 3X.
The Lord said give them a 3X they they're they're up to 13.
Seoul you saw from bananas they had a decent move over the
weekend Cool Gats had a massive sweep 40% I think they were they
moved higher or 50% couple of big sweeps by Pablo Poncasso and
a couple of others. So that those those moved.
I didn't really see anything why that moved so maybe maybe
there's some. I always feel like with the cool
cats whenever anyone buys a cool cat it's because there's insider
information that's what that's the first thing that everyone
thinks. It's like, what's going on in
cool cats? I think I.
Mean you could say, I mean doodles are now up to 2.3.
So wonder what the news is. Pandas have been grinding up
organic like organically. That's been one of the ones I've
I I I generally watch pandas like once a week like go through
the floor and everything just look at like what's going on.
Obviously Iceberg's Cooking with camp on Media only have one, so
not even bike bias at this stage.
So it's. Doing well, good projects,
obviously. Working hard on it And two
weeks, Yeah, it seems like it's a decent spot.
And then you have some big generative art sweeps.
A couple of Fidenzas got swept. A bunch of squiggles got swept
by Flamingo Dow. Uniforms is flying too.
Terraforms yeah, so Gen. R definitely had a bit of a
weekend, or at least from Friday like evening onwards.
So like, yeah, definitely has been a busy busy period for
cross entities. And then the last thing, but not
least on Bitcoin you guys should check your wallets because you
have have you guys have you guys have active ordinal wallets.
So someone air dropped an NFT an ordinal and I just checked my
wallet earlier and I was like what is this?
And it's this thing here and the AirDrop this thing Rsic
protocol. And I saw Tyler tweet about this
because Leonidas Leonidas. So if you have been an active,
if you've been active in ordinals, it seems like everyone
So 21,000 wallets got an AirDrop by rune Rune coin.
Sorry and he's saying here that I thought that was interesting.
So honestly, like if you have an active or if you bought puppets
or monkeys or whatever in the last I bought mine when like 2
weeks ago. It's been since I bought my
puppets. So I got it and so it says.
The way the RSI See AirDrop by Runecorn was done is really neat
and I hope airdropping onto Oronos communique becomes a
trend. But this type of market needs to
be called out. This is the first ever rune on
Bitcoin. I don't know what any of this
means by the way. It's one most.
Yeah, tell us. So this isn't the rune that
you've heard of? No, I know I.
Know this is not Thor chain. This is the new this is the new
protocol by Casey, which is potentially competing to be our
C 20s. It's his own version of like
creating a a fungible token protocol on.
But I think you can also do various other things with it.
But yeah, Brune is we should get them back on to to like explain
what is basically it's a new protocol for for tokens on on
Bitcoin. It's known definitely for
fungible tokens as like maybe a competitor to BRC 20s.
But I think it can extend to various different things.
So this is this what as you said this is a form of marketing for
them. So like they're using this as a
form of marketing for their new to the new protocol.
This is breaking. The person who just AirDrop
21,000 inscriptions to the ordinals community just
published this on chain message explaining that this is part of
the game called RSIC where holders will be allocated future
rune tokens and the parents sat. The parent of the message is
inscription 126, which indicates it's an OG behind this or
someone bought it from an OG two days ago when it got
transferred. And so I don't know what's going
on there, but hey, check your wallets because it's worth point
O to Bitcoin this morning, which was the price of a puppet that
was this morning. The floor on this is now it's
lower. So I'm assuming a lot of people
saw this morning and started like selling it, but you're
still looking at point O 16/9, so point O 17 Bitcoin.
So you know. Yeah, look, it's it's nice.
And we should get KC on. We should get KC on I.
Messaged him and he said that I I tweeted at him like when you
come back when he goes. He only goes now when he wants
to go on tours so so he's going to go on the media tour and then
he'll hit us up. I love Casey though.
Honestly, I just love that guy. Like his attitude, like his
whole like personality. Like I'll never forget him
screen sharing himself filming himself like that was like all
time highs. Casey Rodemore.
But you know what? Let's find out more what happens
there. But yeah, check your wallets if
you're there, it's already done. Over .25 Bitcoin and volume.
At current Bitcoin price, I can't promise you what Bitcoin
price can be Tomorrow is $700.00 AirDrop.
So you might have $700 in your wallet as of this morning, but.
And the last thing before we take off for your boys is
ordinals again. The Sotheby's auction ends
today, right? We're 22nd.
The taproot wizard that they weren't talking about the here
last week is at 140,000 dollars, 3.33 Bitcoin right now is that's
what that's what it's going on for which is pretty wild.
So that's the the cat. Oh, and then the cat the cat
one, right. The cat mint.
You know, all the stuff came out, so I thought they were
going to do a .1 BTC mint and stuff like that.
So obviously, like, everyone has like mixed feelings when it
comes to opinions, when it comes to price points.
But you know, Tapper Wizard projects that were early on,
let's see what happens there. But yeah, that that curated
thing is going on. So there's $140,000 bid on the
cat, on the cat. A lot of stuff is starting to
heat up today, so you can check it out, but I think this is a
desktop Crescent piece that's at $65,000.
The the Bugatti egg shot to Ali, the number 10 is like $48,000.
Now it's egg #10 and then you have a few sats.
The node monkey honorary though I was looking at it is at 7500
which is about four price for a monkey, A node monkey.
Here I've got point 17.18 BTC at current prices, but there's that
going on right now. So NFT is very much so alive and
like you said already, no need to go over it too much.
But on the Solana side as well seeing some some of the projects
you know saga monkeys above 8. Soul clanos are still very
strong at 30 quacks as well. Mad lads haven't really retraced
below 160 soul love to see that. And then Frogana's are 6 and
undeads went up about 2 1/2 X so up to 12.6 soul and then on the
on the on the on the on the ETH front I think it was you guys.
You guys had a good weekend on your on your end I saw Tyler did
it sweet some rec guy. What's all we doing now?
Don't swallow your your wedding ring.
Just put my round around. He's like putting my ring in my
mouth. Didn't.
Think you need to speak that was that.
That's basically what that means.
Yeah, So, so and does that. And then just in, I guess Sims
just pinged me as of 7 minutes ago, it seems like Tensor just
rolled out a tool so you can longer shorten NFTS.
So that's. It the same time.
Pinging us in the back here? Yeah, exactly.
But price lock, a simple way to longer short NFTS.
That'll be interesting to see what that happens, but a lot of
moving parts on there. And let's not forget OV one's a
blast on lock. Like there's like billion
dollars. Lock blast, yeah, blast.
It's supposed to be February where you can take your blast
out and then I think, I think the test net goes live in
February, I think, I'm not sure. But then the OR maybe main net?
I'm not sure. And the AirDrop is supposed to
be in May. But yeah, like over a billion
dollars worth of ETH becomes unlocked.
Available. Yeah, yeah.
So it's it's going to be a lot in the salon.
Yeah. I I no, no.
But what about Gary? Hopefully.
I'm not saying I was going to do that.
I'm not saying I was going to do that, I think.
You're going to do it? I wouldn't be surprised if you
go like. 0.0 I told you guys 0.030.03 so?
27 now, so you went for three. No, at .036 right now.
Yeah, I'm sorry. I see, I see like 27 sole is
like one ether here this morning.
That's what I was looking at earlier today.
All right. Well, we'll see.
Because I mean, slot Eco has a lot going on for it in seven
days with like the most anticipated 8 days, sorry, nine
days or most anticipated AirDrop of the year.
So we'll see what happens with JUP.
I'd love to see if, like the Jupiter, I don't think Mail
comes on, space is right, but maybe someone else would be fun
to have. Anyways, I think that's a good
roundup. Great way to start the week.
So with that, boys, have a wonderful Monday.
Have a wonderful rest of your week.
Same to every single listener. Remainder to follow at FOMO
hour, FOMOHOUR. You can set your reminders there
on the page as well. We tweet our clips, we tweet our
show schedule, we tweet everything in there.
And we should have another great programming for you all.
So So tomorrow morning, 10:30 AM Eastern Standard Time, 7:30 AM
Pacific Standard Time for another episode of FOMO Hour on
Rock Radio. Let's go.