1 00:00:00,440 --> 00:00:03,160 Good morning. Good morning, everyone. 2 00:00:03,480 --> 00:00:11,040 GMGM, welcome to another episode of Omo Hour. 3 00:00:11,600 --> 00:00:16,239 Today it's Thursday, March 6th, Point Point. 4 00:00:16,520 --> 00:00:19,560 Hi, folks. Some of this shining here in 5 00:00:19,560 --> 00:00:21,320 Chicago. We're feeling good. 6 00:00:21,320 --> 00:00:25,360 We're warming up, spring around the corner, crypto markets 7 00:00:25,400 --> 00:00:29,800 warming up as well, perhaps ahead of tomorrow's big crypto 8 00:00:29,800 --> 00:00:32,600 summit outperforming stocks. But the question on everyone's 9 00:00:32,600 --> 00:00:37,640 mind is tomorrow's sell the news or the beginning of the true 10 00:00:37,840 --> 00:00:40,920 crypto golden bull run. We're gonna break it all down on 11 00:00:40,920 --> 00:00:42,400 today's show. No faroke. 12 00:00:42,400 --> 00:00:48,200 He is landing in DC right now. Gonna rub elbows with all the 13 00:00:48,200 --> 00:00:50,920 crypto bigwigs here today and tomorrow. 14 00:00:50,920 --> 00:00:52,640 But we've got Mando on Logan on this. 15 00:00:52,640 --> 00:00:55,840 Mando GM, how you doing? I'm doing great man. 16 00:00:56,160 --> 00:00:57,280 How you? How you been? 17 00:00:58,200 --> 00:01:01,320 Very good. Every day we wake up and and 18 00:01:01,320 --> 00:01:04,680 there's green candles on. I'm always in a good mood and 19 00:01:04,680 --> 00:01:06,680 we're still still looking good here today. 20 00:01:06,680 --> 00:01:08,480 Logan, happy to have you on with us. 21 00:01:08,480 --> 00:01:11,080 GM how you doing? Hey, good morning Tyler. 22 00:01:11,400 --> 00:01:15,080 Doing well, A little chilly here, but otherwise can't 23 00:01:15,080 --> 00:01:17,960 complain. Like a lot of news in like more 24 00:01:17,960 --> 00:01:23,480 of the the Web 3 sector, so I know you've been busy writing 25 00:01:23,480 --> 00:01:25,840 about it. Yeah, not major stuff, you know, 26 00:01:25,840 --> 00:01:28,040 that stuff to get like overly excited about, but enough, 27 00:01:28,840 --> 00:01:30,680 enough to have some conversations, yeah. 28 00:01:31,320 --> 00:01:33,680 Exactly. So we'll get into that probably 29 00:01:33,680 --> 00:01:35,240 more closer to the second-half of the show. 30 00:01:35,240 --> 00:01:37,960 But folks, what are we talking about on today's show? 31 00:01:37,960 --> 00:01:39,680 We'll start with Mando's market report. 32 00:01:40,160 --> 00:01:43,560 Crypto outperforming stocks here this mornings, majors are up a 33 00:01:43,560 --> 00:01:46,440 few percent here. Sachs is coming out maybe 34 00:01:46,440 --> 00:01:49,280 telegraphing what this crypto reserve is actually going to be, 35 00:01:49,280 --> 00:01:49,960 you know? Exactly. 36 00:01:53,040 --> 00:01:55,560 Yes, although we don't want to hear it, we're not going to 37 00:01:55,560 --> 00:01:56,840 believe it until we actually hear it. 38 00:01:57,200 --> 00:01:59,840 Coinbase is tokenizing stocks. Does that matter? 39 00:01:59,840 --> 00:02:02,520 Why does it matter? We've got a new partnership with 40 00:02:02,520 --> 00:02:07,760 World Liberty Financial and Sui. Kevin Rose bringing back Dick 41 00:02:08,039 --> 00:02:11,800 and man do people hate that. Online Robin Hood partnering 42 00:02:11,800 --> 00:02:13,960 with trivia HQ punks catching some love. 43 00:02:13,960 --> 00:02:17,400 Huge day of punk sales yesterday and meme coin. 44 00:02:17,400 --> 00:02:18,920 Meme coin latest. We'll go around a little bit on 45 00:02:18,920 --> 00:02:21,880 the horn there and then 90CC partnering with MasterCard. 46 00:02:21,880 --> 00:02:25,000 So there's a decent number of topics on the list for today. 47 00:02:25,000 --> 00:02:27,760 Before we dive in, shout out to our partner starting with 48 00:02:27,760 --> 00:02:30,520 Galaxis. Galaxis is a Web 3 platform 49 00:02:30,520 --> 00:02:33,840 empowering creators and brands to build unstoppable communities 50 00:02:33,840 --> 00:02:37,600 with full ownership and independence, trusted by icons 51 00:02:37,600 --> 00:02:41,800 like Donald Trump, Steve Aoki, Mike Tyson and the NBA, shaping 52 00:02:41,800 --> 00:02:46,000 together the future of engagement and Wallet Connect. 53 00:02:46,120 --> 00:02:48,240 Wallet Connect is the connectivity network shaping the 54 00:02:48,240 --> 00:02:51,680 future of on chain UX. If you've connected to a Web 3 55 00:02:51,680 --> 00:02:54,840 app, you've seen wallet Connect that blue logo, it's everywhere. 56 00:02:55,200 --> 00:02:59,920 An icon of trust in crypto as recognizable as Visa at 57 00:02:59,920 --> 00:03:01,840 checkout. If you want to learn more, 58 00:03:02,080 --> 00:03:06,600 follow at Wallet Connect on X and Telegram to stay ahead of 59 00:03:06,600 --> 00:03:08,880 what's next. We love our partners. 60 00:03:08,880 --> 00:03:12,080 Shout out to them as always. Mando, if you're ready, let's 61 00:03:12,080 --> 00:03:19,240 get into it. Who is the main macro daddy of 62 00:03:19,280 --> 00:03:23,920 the land? Can you dig it? 63 00:03:24,960 --> 00:03:27,200 GM, everyone. So yeah, we've had it. 64 00:03:28,280 --> 00:03:31,280 Still feels like a macro dominated market though. 65 00:03:31,280 --> 00:03:34,200 Interestingly, you know, I said yesterday we went out of the 66 00:03:34,200 --> 00:03:37,560 woods in terms of macro stocks have opened down 3%. 67 00:03:38,320 --> 00:03:42,560 Bitcoin's barely moved. In fact, it's held above 90K, 68 00:03:42,560 --> 00:03:45,440 which I think is a pretty noticeable sign. 69 00:03:45,440 --> 00:03:48,160 It's actually going to turn positive, even looks like I'm on 70 00:03:48,160 --> 00:03:51,360 the 24 hour here. So I think that's something to 71 00:03:51,440 --> 00:03:53,680 feel pretty bullish about if I'm honest. 72 00:03:55,000 --> 00:03:57,880 I think we can, we can feel pretty good about that kind of 73 00:03:57,880 --> 00:04:00,520 across the board. This is obviously going into 74 00:04:01,400 --> 00:04:06,080 tomorrow's conference, which I think a lot of people, you know, 75 00:04:06,200 --> 00:04:08,440 I've got some pretty lofty expectations about what's going 76 00:04:08,440 --> 00:04:12,520 to come out of it. I think I don't know if 77 00:04:12,520 --> 00:04:14,920 tomorrow's going to be a Selva news event, but it feels like 78 00:04:14,920 --> 00:04:18,800 today people are willing to to gamble a little bit. 79 00:04:18,800 --> 00:04:22,120 So yeah, we've we've definitely we're definitely looking a 80 00:04:22,120 --> 00:04:26,440 little bit better here. Feels like feels like majors are 81 00:04:26,440 --> 00:04:30,880 actually bouncing as we speak. Solana going back towards 150 82 00:04:30,880 --> 00:04:38,760 area, Bitcoin going to 91 K area and some more risky bits of the 83 00:04:38,760 --> 00:04:41,760 market also moving like far coin is back up to 350,000,000, which 84 00:04:41,760 --> 00:04:44,280 I think is fairly interesting, although the rest of that sector 85 00:04:44,600 --> 00:04:46,040 isn't necessarily trading that well. 86 00:04:47,560 --> 00:04:50,320 And yeah, just just a generally more risk one sentiment. 87 00:04:50,320 --> 00:04:54,840 Interestingly, it is more define L ones than memes. 88 00:04:55,480 --> 00:04:58,040 That's what I've noticed. Like people are are far more 89 00:04:58,120 --> 00:04:59,360 interested in buying those right now. 90 00:05:00,080 --> 00:05:02,840 That feels to me like a medium term trend, if I'm honest. 91 00:05:04,440 --> 00:05:06,400 I don't know if you guys would agree, but it's like I think 92 00:05:06,400 --> 00:05:10,200 people are interested in are not interested that interested in in 93 00:05:10,440 --> 00:05:12,000 the really risky stuff at the moment yet. 94 00:05:12,720 --> 00:05:14,840 I think we'll take a Bitcoin all time high for that to happen. 95 00:05:14,840 --> 00:05:18,040 But they are they're definitely getting more interested in the 96 00:05:18,040 --> 00:05:22,360 in the in altcoins L ones, that sort of stuff, which is fine. 97 00:05:22,360 --> 00:05:24,160 Like Bitcoin's been moving 10% a day. 98 00:05:24,160 --> 00:05:27,200 Like it's OK just to like have your risk in Solana and trade 99 00:05:27,200 --> 00:05:31,440 that around. And yeah, but we've seen some 100 00:05:31,440 --> 00:05:36,680 decent, decent bounces here kind of across the board macro today. 101 00:05:36,680 --> 00:05:39,920 Like it feels as though it's selling off because of these 102 00:05:39,920 --> 00:05:42,360 tariffs. Just general risk off sentiment 103 00:05:42,360 --> 00:05:47,080 across the board for for macro. We've also had a bit of a bond 104 00:05:47,080 --> 00:05:48,720 sell off. That's something I think 105 00:05:48,720 --> 00:05:50,320 probably pay attention to a little bit here. 106 00:05:52,840 --> 00:05:57,520 After Europe announced it's big spending package and the idea 107 00:05:57,520 --> 00:06:01,320 it's going to spend all this money on arms, you've seen bond 108 00:06:01,320 --> 00:06:05,320 yields go up very, very high. This sounds very, very boring, 109 00:06:05,920 --> 00:06:09,120 but but at the same time, like when bond yields go go really 110 00:06:09,120 --> 00:06:13,080 high, often that's because of how indebted these countries 111 00:06:13,080 --> 00:06:14,440 are. That can lead to like currency 112 00:06:14,440 --> 00:06:15,960 crisis. So people are saying that, you 113 00:06:15,960 --> 00:06:19,200 know, Europe basically doesn't have the money to pay for this 114 00:06:19,400 --> 00:06:22,120 and the bond market's saying that as well. 115 00:06:22,120 --> 00:06:24,960 So you you're seeing like multi decade highs and things like the 116 00:06:24,960 --> 00:06:30,360 German, well, not multi decade, but but like they are going a 117 00:06:30,360 --> 00:06:33,360 lot, lot higher. UK yields, German yields, 118 00:06:34,240 --> 00:06:36,840 Japanese yields are hitting multi decade highs to be fair. 119 00:06:37,800 --> 00:06:43,200 And that that can be nothing. It also can be a bit of a worry. 120 00:06:43,200 --> 00:06:47,200 So I don't think we're like completely out of the woods. 121 00:06:47,200 --> 00:06:49,840 If we have a currency crisis and one of these major economies, 122 00:06:49,840 --> 00:06:51,640 then I think people would freak out. 123 00:06:52,880 --> 00:06:56,080 And that's kind of I think what stocks are maybe half doing 124 00:06:56,080 --> 00:07:00,480 here. But yeah, maybe I'll, I'll just 125 00:07:00,720 --> 00:07:03,720 stay on top of it during each show and I'll let you know if it 126 00:07:03,760 --> 00:07:06,640 anything's breaking right now. But yeah, people are a little 127 00:07:06,640 --> 00:07:10,560 bit worried about about Europe here and its ability to fund a 128 00:07:10,560 --> 00:07:14,160 war essentially. Yeah. 129 00:07:14,160 --> 00:07:16,040 I don't really know what else in terms of crypto, right? 130 00:07:16,040 --> 00:07:18,840 Like it's just been we're now just all waiting for this new, 131 00:07:19,320 --> 00:07:23,320 this new conference tomorrow and who's who's invited, who's not 132 00:07:23,320 --> 00:07:28,320 like who's going from EV. Like Ondo was up massive 133 00:07:28,320 --> 00:07:29,680 yesterday because they got an invite. 134 00:07:29,920 --> 00:07:32,640 Sui's up today because it partnered with World Liberty 135 00:07:32,640 --> 00:07:35,400 Financial. It still feels slightly crony, 136 00:07:35,440 --> 00:07:37,800 crony like the market. Do you know what I mean? 137 00:07:37,800 --> 00:07:41,040 Like if you if, if you're in the know you're going to win, you're 138 00:07:41,040 --> 00:07:43,200 going to win. If not, then then you're kind of 139 00:07:43,200 --> 00:07:47,040 screwed and the market's kind of telling you that because it just 140 00:07:47,040 --> 00:07:48,640 like goes up and down, up and down. 141 00:07:48,640 --> 00:07:51,240 And clearly some people with insider information are, are 142 00:07:51,240 --> 00:07:53,080 making money from each each kind of move. 143 00:07:54,200 --> 00:07:58,240 There was some positive news, particularly for ETH yesterday. 144 00:07:58,240 --> 00:08:00,720 We saw the first company announced it's going to have an 145 00:08:00,720 --> 00:08:02,840 ETH treasury, this bio Nexus company. 146 00:08:04,280 --> 00:08:05,640 We've generally seen Bitcoin treasuries. 147 00:08:05,640 --> 00:08:09,240 So it was interesting to see a, a ETH 1. 148 00:08:09,240 --> 00:08:12,960 And I think a lot of ETH people were maybe taken aback by that, 149 00:08:14,880 --> 00:08:17,040 like even the most bullish ETH people I don't think were 150 00:08:17,040 --> 00:08:17,680 expecting. That, Yeah. 151 00:08:17,760 --> 00:08:20,240 Have you seen the chart? Yeah, some people are not 152 00:08:20,280 --> 00:08:24,240 expecting that to happen. But but that, that is also kind 153 00:08:24,240 --> 00:08:26,320 of underpinning I think the the relative strength here is that 154 00:08:26,320 --> 00:08:29,600 like people are people still feel that Bitcoin could be 155 00:08:29,600 --> 00:08:33,440 bullish here in terms of adoption versus a lot of other 156 00:08:33,440 --> 00:08:36,360 things. So yeah, good, good, good market 157 00:08:36,360 --> 00:08:39,360 for Bitcoin and that's maybe driving interest in some of the 158 00:08:39,360 --> 00:08:42,840 other stuff. In general, it feels like people 159 00:08:42,840 --> 00:08:45,120 prefer L ones to gamble on more than anything. 160 00:08:45,960 --> 00:08:47,960 And we have a few more states as well getting a little bit 161 00:08:47,960 --> 00:08:51,120 closer. So like New Hampshire, which 162 00:08:51,160 --> 00:08:55,160 it's going to get a little bit closer, obviously Texas. 163 00:08:55,560 --> 00:08:57,880 And oh, and the other big one was was Coinbase. 164 00:08:57,880 --> 00:09:01,240 Coinbase is going to offer tokenized coin, which I think, 165 00:09:02,120 --> 00:09:03,840 you know, that could really drive demand. 166 00:09:03,840 --> 00:09:05,520 That's what we've been hoping for a long, long time. 167 00:09:05,520 --> 00:09:07,960 Some sort of rules around tokenization of stocks 168 00:09:09,320 --> 00:09:13,440 essentially allows these exchanges to start trading way 169 00:09:13,440 --> 00:09:15,800 more assets. And that maybe underpins the, 170 00:09:16,640 --> 00:09:22,680 the, the L1 bullish, less bullish meme culture stuff 171 00:09:23,320 --> 00:09:25,200 that's happening right now. And people are now starting to 172 00:09:25,200 --> 00:09:28,600 look through and seeing that we could have a ton different 173 00:09:28,600 --> 00:09:30,360 sorts, sorts of assets you could trade on chain. 174 00:09:31,760 --> 00:09:35,360 Yeah, that was huge news and and I want to get into that here in 175 00:09:35,360 --> 00:09:38,320 a bit. I think the other piece, maybe 176 00:09:38,320 --> 00:09:41,640 we would start with predictions for tomorrow. 177 00:09:41,640 --> 00:09:43,320 The the summit. You kind of went there a little 178 00:09:43,320 --> 00:09:48,600 bit, Mando, I think the perhaps news, soft news, a tease, a 179 00:09:48,600 --> 00:09:53,080 Telegraph from David Sacks here this morning as he came out and 180 00:09:53,080 --> 00:09:55,760 mentioned how the the US government has sold off 181 00:09:56,040 --> 00:09:59,360 basically 200,000 Bitcoin. Had they held it, it'd be worth 182 00:09:59,360 --> 00:10:01,960 17 billion. And this is the cost taxpayers 183 00:10:01,960 --> 00:10:05,080 have paid for them not having a long term strategy. 184 00:10:06,640 --> 00:10:10,920 You could interpret this as a sign that the AUS strategic 185 00:10:10,920 --> 00:10:14,040 reserve is is just going to hold any Bitcoin the the US 186 00:10:14,080 --> 00:10:17,720 government gets versus bias. So is that your read on this? 187 00:10:17,720 --> 00:10:21,400 And then if that is the case tomorrow, are we just going to 188 00:10:21,440 --> 00:10:25,400 candle back to 82 Ki? Don't know what people are 189 00:10:25,400 --> 00:10:27,360 expecting. I, I, I think they're probably 190 00:10:27,360 --> 00:10:29,840 expecting more than that, but that's what I think. 191 00:10:29,840 --> 00:10:34,080 That's the, like, he cannot say that they're going to buy 192 00:10:34,080 --> 00:10:36,280 Bitcoin just like, just get that out of your head. 193 00:10:36,360 --> 00:10:39,040 Like, like he would have to go through Congress in the Senate. 194 00:10:39,040 --> 00:10:40,680 So we can't just say, Hey, we're going to buy Bitcoin tomorrow. 195 00:10:40,680 --> 00:10:45,080 Just, it cannot happen. So, and it's the same with the 196 00:10:45,080 --> 00:10:49,160 tax stuff, but they can say they might propose it, but then it 197 00:10:49,160 --> 00:10:51,480 goes, I don't even know if that would be taken positively 198 00:10:51,480 --> 00:10:53,760 because like people will realize it probably won't go through 199 00:10:53,760 --> 00:10:58,320 either house to, to, to do that because are you going to spend 200 00:10:58,320 --> 00:11:01,400 taxpayer money to do it? Maybe. 201 00:11:01,400 --> 00:11:03,480 But I think that would be very, very tough to, to buy Bitcoin 202 00:11:03,480 --> 00:11:05,840 with taxpayer money. And I think second, second thing 203 00:11:05,840 --> 00:11:07,320 is are you going to sell gold to do it? 204 00:11:07,320 --> 00:11:10,600 And I think a lot of people will be like, no, we're not going to 205 00:11:10,600 --> 00:11:13,480 sell gold to buy Bitcoin in Congress and the Senate. 206 00:11:13,480 --> 00:11:17,320 So I, I think it's going to be very difficult to do that. 207 00:11:17,320 --> 00:11:21,840 I continue to think that that this could be more than getting 208 00:11:21,840 --> 00:11:27,520 involved in mining, which they can do, than getting involved in 209 00:11:27,520 --> 00:11:33,840 the IT, it in the in the buying. That would be interesting. 210 00:11:33,840 --> 00:11:37,240 I'm trying to find this quote. Someone yesterday was saying 211 00:11:37,240 --> 00:11:40,440 they still think that this is going to be the US is is going 212 00:11:40,440 --> 00:11:42,680 to go big on Bitcoin. But I can't find the quote. 213 00:11:43,080 --> 00:11:49,880 But they could come out and say a plan is going to include 214 00:11:49,880 --> 00:11:51,840 purchasing. And of course it doesn't mean 215 00:11:51,840 --> 00:11:53,440 it's going to get start tomorrow. 216 00:11:53,840 --> 00:11:56,240 And I totally agree, like there it's going to face a whole lot 217 00:11:56,240 --> 00:12:00,120 of challenges. My personal read is if if they 218 00:12:00,120 --> 00:12:03,640 say if that's not a part of the plan and if it's simply we're 219 00:12:03,640 --> 00:12:08,080 going to hold the assets we have that I do think we'll sell off 220 00:12:08,480 --> 00:12:13,960 on that because then it raises the question of where how would 221 00:12:13,960 --> 00:12:15,480 they actually go further than that? 222 00:12:15,840 --> 00:12:20,360 If you know, if this is where they're starting at, is this 223 00:12:20,360 --> 00:12:22,480 where really where it's it's going to end? 224 00:12:22,720 --> 00:12:24,840 I think that the mining piece is is interesting. 225 00:12:24,840 --> 00:12:27,520 If they come out with more surprises, perhaps I think that 226 00:12:27,840 --> 00:12:31,680 that would be a new twist which which might impact prices. 227 00:12:31,680 --> 00:12:33,000 Logan, curious for your thoughts. 228 00:12:33,000 --> 00:12:35,480 What do? You think I'm I'm struggling to 229 00:12:35,480 --> 00:12:39,960 see how we match the expectations or how anything 230 00:12:39,960 --> 00:12:42,560 that would come from tomorrow would match the expectations 231 00:12:42,560 --> 00:12:46,200 created by crypto Twitter and you know crypto currency 232 00:12:46,200 --> 00:12:49,280 speculators. I'm with Mando. 233 00:12:49,280 --> 00:12:51,760 I mean, I don't think they can come out excuse me, I don't 234 00:12:51,760 --> 00:12:54,800 think they're going to come out and say some grand really 235 00:12:54,800 --> 00:12:58,200 explicit transparent plan about this is what we're going to do 236 00:12:58,200 --> 00:13:00,360 XYZ. It's just not going to happen. 237 00:13:01,120 --> 00:13:04,960 And even if there is a slight, you know, positive slant to 238 00:13:04,960 --> 00:13:07,160 whatever is said, I mean, it's going to be drawn out. 239 00:13:07,360 --> 00:13:11,240 The execution of such is going to be drawn out probably so long 240 00:13:11,240 --> 00:13:15,440 that any positive little tailwind just gets swept up into 241 00:13:15,440 --> 00:13:19,680 the next day's headlines, right? Like, I, I just don't think I'm, 242 00:13:19,680 --> 00:13:22,520 I'm not suggesting that tomorrow and having all these people in 243 00:13:22,520 --> 00:13:24,920 the same room is a bad thing. I, I certainly don't think 244 00:13:24,920 --> 00:13:27,400 that's the case. I just don't expect that 245 00:13:27,400 --> 00:13:30,080 whatever comes from it is going to be positive enough to like 246 00:13:30,080 --> 00:13:32,680 send us to like, I don't know, what are we at 91? 247 00:13:32,800 --> 00:13:35,920 I don't like, I don't see us going like 91 to 100K tomorrow 248 00:13:36,160 --> 00:13:37,600 on something that comes from the summit. 249 00:13:38,720 --> 00:13:40,760 Sad. But yeah, I know it is sad, 250 00:13:40,760 --> 00:13:42,520 right? Like I, I want prices to go up 251 00:13:42,520 --> 00:13:45,280 too, but I'm trying to be a realist here. 252 00:13:45,280 --> 00:13:49,640 And this feels like, and maybe maybe that's a little consensus, 253 00:13:49,640 --> 00:13:54,080 maybe not, I don't know. But I, I just don't see 254 00:13:54,080 --> 00:13:55,520 something happening on the mining front. 255 00:13:55,520 --> 00:13:58,040 I was actually, I was scrolling the decrypt feed, I noticed 256 00:13:58,040 --> 00:14:01,800 there was an article about the US releasing the seized Bitcoin 257 00:14:01,800 --> 00:14:05,560 mining hardware from, I don't know, must have been what Silk 258 00:14:05,600 --> 00:14:07,800 Road or before or something. I don't know. 259 00:14:07,800 --> 00:14:11,440 I'd have to read the article I didn't do, but yeah. 260 00:14:11,440 --> 00:14:13,520 But that that's just an interesting note that goes to 261 00:14:13,520 --> 00:14:16,560 that they might purchase new hardware if they wanted to. 262 00:14:17,240 --> 00:14:20,240 There's a huge number of Bitcoin, you know, Bitcoin 263 00:14:20,240 --> 00:14:23,840 miners in the, in the states, like huge, particularly in Texas 264 00:14:23,840 --> 00:14:28,000 and, and other and other states. And look, there's lots of 265 00:14:28,000 --> 00:14:31,320 countries, a lot more countries are getting involved in, in 266 00:14:31,320 --> 00:14:35,480 Bitcoin mining than they are in Bitcoin buying, right, Bitcoin 267 00:14:35,480 --> 00:14:38,280 mining. There's a number of countries in 268 00:14:38,280 --> 00:14:45,680 the Gulf. There's Bhutan, there's Belarus, 269 00:14:46,160 --> 00:14:49,520 there's, there's, there's like there's quite a few. 270 00:14:49,520 --> 00:14:55,480 Anyone who has cheap electricity looks at this sort of stuff and 271 00:14:55,480 --> 00:14:58,000 I, I just think that that would be the most obvious play like 272 00:14:58,000 --> 00:15:02,480 some sort of like we'll give you a subsidy or you pay your taxes 273 00:15:02,480 --> 00:15:08,600 in Bitcoin to these miners or, you know, like that that's how 274 00:15:08,600 --> 00:15:11,560 they get the strategic petroleum reserve, for example, right? 275 00:15:11,560 --> 00:15:16,560 Like it's, I think you've got to consider how the, the US just I 276 00:15:16,560 --> 00:15:20,720 don't think it needs to to buy like I think it. 277 00:15:22,600 --> 00:15:25,200 I mean, I guess in this point is that like in this scenario where 278 00:15:25,200 --> 00:15:27,920 they're mining, you're, you're saying they mine and accumulate. 279 00:15:28,440 --> 00:15:33,080 Yeah, they're not just mining to sell on the open market now. 280 00:15:33,440 --> 00:15:35,920 They'll do a big deal with someone like Marathon, Marathon 281 00:15:35,920 --> 00:15:40,240 or one of these other big US miners and be like, hey, yeah, 282 00:15:40,240 --> 00:15:42,160 we'll we'll do a deal. We'll subsidise. 283 00:15:42,160 --> 00:15:47,200 We'll, we'll do, we'll have a Co mining facility here invest and 284 00:15:47,200 --> 00:15:49,400 you'll get tons of jobs or something like that. 285 00:15:49,600 --> 00:15:52,640 Right then, then they get their Bitcoin. 286 00:15:52,920 --> 00:15:55,960 It becomes part of the cheap reserve and they they're not 287 00:15:55,960 --> 00:15:59,480 buying it through Coinbase. I just, the more and more you 288 00:15:59,480 --> 00:16:03,400 run through how they could possibly buy it, it becomes more 289 00:16:03,400 --> 00:16:04,960 difficult for me. Like I do think the sovereign 290 00:16:04,960 --> 00:16:09,360 wealth fund has a shot, but then you still have to ask how the 291 00:16:09,360 --> 00:16:11,440 sovereign wealth fund is funded itself. 292 00:16:11,520 --> 00:16:13,960 Like money just doesn't come out of anywhere, right? 293 00:16:14,280 --> 00:16:17,400 So the sovereign wealth fund for it to be funded, it would also 294 00:16:17,400 --> 00:16:20,400 have to sell assets. Now, what does the US have it 295 00:16:20,400 --> 00:16:24,480 it, it has real estate and it has gold and it has a couple of 296 00:16:24,480 --> 00:16:26,320 other like other important resources. 297 00:16:26,320 --> 00:16:31,520 So it I have to sell some of those to get to get to fund 298 00:16:31,520 --> 00:16:33,320 this. Or you could say he's going to 299 00:16:33,320 --> 00:16:38,480 fund it with with, with, with with tariffs. 300 00:16:38,920 --> 00:16:42,600 But the tariffs figure, I mean, I just don't think I don't think 301 00:16:42,600 --> 00:16:45,880 they're going to raise that much from those enough like the 302 00:16:45,880 --> 00:16:48,440 tariffs is already kind of for the budget, right? 303 00:16:48,440 --> 00:16:50,840 Like you can't tariffs can't be for everything. 304 00:16:51,000 --> 00:16:54,280 So the amount of money that that would go to balancing the budget 305 00:16:54,280 --> 00:16:57,160 versus sovereign wealth fund, I think would be quite small. 306 00:16:57,160 --> 00:17:00,640 So maybe they would issue bonds, like maybe they'd issue like 307 00:17:00,640 --> 00:17:03,160 gold backed bonds and buy Bitcoin with that. 308 00:17:03,280 --> 00:17:08,319 I don't know, like that like some, some, some sovereign 309 00:17:08,319 --> 00:17:09,680 wealth funds, like Norway does that. 310 00:17:09,680 --> 00:17:12,400 Norway like has a sovereign wealth fund which issues debt 311 00:17:12,400 --> 00:17:19,319 and, but, but majority of them are funded elsewhere. 312 00:17:19,319 --> 00:17:22,240 Like the, the, the, the, the gulf ones are all, you know, 313 00:17:22,240 --> 00:17:25,359 because they sell oil and, and gas and, and then they fund them 314 00:17:25,359 --> 00:17:26,680 that way. But the, the US would basically 315 00:17:26,680 --> 00:17:29,800 have to start selling some of their resources to do this. 316 00:17:29,880 --> 00:17:33,520 And I just, I just don't know how that, how that conversation 317 00:17:33,520 --> 00:17:35,320 happens. I, I, I, I just don't think 318 00:17:35,320 --> 00:17:37,760 there's a world where the, the US sells gold to buy Bitcoin. 319 00:17:38,080 --> 00:17:40,040 I just think you'd think it would be very difficult. 320 00:17:41,720 --> 00:17:44,360 It's a tricky move. I think the money makes the most 321 00:17:44,360 --> 00:17:46,480 sense. I think there's, there's also 322 00:17:46,480 --> 00:17:51,120 been an argument like one of the concerns for Bitcoin on a 2030 323 00:17:51,120 --> 00:17:54,720 year time horizon is eventually it will become the incentives 324 00:17:54,720 --> 00:17:58,520 will drop as the rewards fall and that private companies may 325 00:17:58,520 --> 00:18:01,160 not want to do it anymore. And then you lose security of 326 00:18:01,160 --> 00:18:03,640 the network. And then but what it makes sense 327 00:18:03,640 --> 00:18:06,880 for a government, government sees to step in and and take 328 00:18:06,880 --> 00:18:08,720 that on as more of a utility service. 329 00:18:10,280 --> 00:18:13,160 That's a good point actually. So it's, I mean, someone's in 330 00:18:13,160 --> 00:18:15,800 the corner is being saying, how did crypto become we need the 331 00:18:15,800 --> 00:18:18,000 government to buy our coins? Like what am I missing? 332 00:18:18,400 --> 00:18:20,240 That was this was all about to begin with? 333 00:18:20,400 --> 00:18:22,480 I do think it'd be pretty fucking hilarious if the US 334 00:18:22,480 --> 00:18:27,080 government starts starts mining Bitcoin and becomes the reason 335 00:18:27,080 --> 00:18:29,160 why Bitcoin survives in a no fee world. 336 00:18:29,160 --> 00:18:33,560 Like how perverse versus the original incentives do we want 337 00:18:33,560 --> 00:18:34,800 to get here? Like. 338 00:18:36,160 --> 00:18:39,800 Sure. But yes, it would be probably 339 00:18:39,800 --> 00:18:44,880 beneficial for the long term future of Bitcoin if if there 340 00:18:44,880 --> 00:18:49,120 were nonprofit orientated orientated people validating 341 00:18:49,120 --> 00:18:50,800 nodes. Yeah. 342 00:18:51,920 --> 00:18:54,320 And I mean to to address the comments, I think Bitcoin can 343 00:18:54,320 --> 00:18:56,080 certainly survive with the US buying. 344 00:18:56,080 --> 00:18:58,360 We're just talking about near term price action, right? 345 00:18:58,760 --> 00:19:02,320 And everyone levering up to to the tits ahead of this White 346 00:19:02,320 --> 00:19:04,640 House summit tomorrow, thinking we're going to get some 347 00:19:04,640 --> 00:19:07,440 blockbuster announcement. I think it's there's going to be 348 00:19:07,440 --> 00:19:09,640 news on the reserve. I think there's got to be 349 00:19:09,640 --> 00:19:11,720 something else too. Like it's got to be more than 350 00:19:11,720 --> 00:19:14,200 just this. Maybe it's a sovereign wealth 351 00:19:14,200 --> 00:19:16,560 fund announcement. We just saw the headline from 352 00:19:16,560 --> 00:19:18,880 from Bloomberg that looks like this Morgan Stanley banker 353 00:19:18,880 --> 00:19:24,800 Michael Grimes is, is going to be tapped to lead this. 354 00:19:25,360 --> 00:19:27,520 I don't know a ton about him. I did a little bit of research. 355 00:19:27,520 --> 00:19:33,080 Seems like he he's, he did some crypto dealing back with Elon in 356 00:19:33,080 --> 00:19:36,640 the FTX days, but I didn't really get much further than 357 00:19:36,640 --> 00:19:37,880 that. So I'm not I don't have a huge 358 00:19:37,880 --> 00:19:40,880 read on him personally. So we'll see. 359 00:19:41,760 --> 00:19:45,040 And then if there's any wild card announcements we've talked 360 00:19:45,040 --> 00:19:48,000 about that, I'm sure we'll talk about again more on tomorrow's 361 00:19:48,000 --> 00:19:49,680 show. I do want to talk about this 362 00:19:49,920 --> 00:19:55,120 Coinbase story. This is a big one and the the 363 00:19:55,120 --> 00:20:01,160 news here is Coinbase pushing forward once again. 364 00:20:01,480 --> 00:20:05,160 On tokenizing equities, actually tokenizing securities and stocks 365 00:20:05,160 --> 00:20:11,840 and bringing them on chain, their CFO reminded folks like, 366 00:20:11,840 --> 00:20:16,360 hey, like Coinbase tried this back in 2020 and basically just 367 00:20:16,360 --> 00:20:19,600 got rejected. But now under a more crypto 368 00:20:19,600 --> 00:20:23,800 friendly administration, they feel like they've got more of a 369 00:20:23,800 --> 00:20:25,840 shot to actually push this through. 370 00:20:27,080 --> 00:20:29,560 And as a part of this, they want to start with with Coinbase 371 00:20:29,560 --> 00:20:33,680 stock. So coin will be that the first 372 00:20:35,240 --> 00:20:38,760 tokenized stock they want to bring on chain here. 373 00:20:39,680 --> 00:20:44,160 So there's a lot to unpack. I guess, Logan, I'm curious if 374 00:20:44,160 --> 00:20:49,200 if you saw this story, any initial reaction slash like is 375 00:20:49,200 --> 00:20:53,160 this something that you would personally want be interested 376 00:20:53,160 --> 00:20:54,080 in? Like would would you trade 377 00:20:54,080 --> 00:20:57,400 tokenized stocks on chain? Yeah, it's interesting. 378 00:20:57,440 --> 00:21:00,880 I, I did see the story. I read this from the block and I 379 00:21:00,880 --> 00:21:04,920 saw maybe Armstrong's tweets about this as well. 380 00:21:05,920 --> 00:21:10,360 Would I trade stocks on chain? I'm to be honest, like I don't 381 00:21:10,360 --> 00:21:14,480 have a real strong incentive to, I don't think to be trading 382 00:21:14,480 --> 00:21:16,600 stocks on chain. I'm not a super active trader 383 00:21:16,600 --> 00:21:19,400 anyway. So I'm not necessarily perhaps 384 00:21:19,400 --> 00:21:25,080 the the target demographic for a, for something like that, you 385 00:21:25,080 --> 00:21:26,720 know, that type of product anyway. 386 00:21:26,960 --> 00:21:29,640 But I totally understand the bullishness behind getting more 387 00:21:29,640 --> 00:21:33,720 money on chain, right, to to be able to do more things on chain. 388 00:21:33,920 --> 00:21:36,040 I'm I'm all for all, you know, things like that. 389 00:21:36,040 --> 00:21:39,320 So I do think it makes sense. It's something that right what 390 00:21:39,320 --> 00:21:42,840 FTX Luna, like all those projects back in the day, we're 391 00:21:42,840 --> 00:21:46,120 talking about it, you know, foreshadowing, hopefully a 392 00:21:46,120 --> 00:21:49,760 future in which, you know, you could trade all these equities. 393 00:21:50,440 --> 00:21:52,120 You have traditional equities on chain. 394 00:21:52,760 --> 00:21:57,800 So I think it's a matter of if or sorry, when, not if you know 395 00:21:57,800 --> 00:21:59,560 for when this actually does take place. 396 00:22:00,560 --> 00:22:02,760 I don't, I don't know what it it means for like the average 397 00:22:02,760 --> 00:22:04,160 participant. I'm not sure if it matters 398 00:22:04,160 --> 00:22:06,840 really all that much, but in terms of bringing a bunch of 399 00:22:06,840 --> 00:22:09,400 money on chain, I think that that's super impactful. 400 00:22:09,400 --> 00:22:11,720 Like though, I guess one of the hard parts for me, Tyler is just 401 00:22:11,720 --> 00:22:14,200 like, I know this is really boring and lame, but just like 402 00:22:14,400 --> 00:22:17,480 the tax considerations, like there's still like so much 403 00:22:17,480 --> 00:22:20,720 uncertainty regarding crypto taxes, crypto regulation. 404 00:22:21,520 --> 00:22:25,120 Is this weird like to do this trading on chain or are they 405 00:22:25,120 --> 00:22:26,560 going to make it easy? Who knows? 406 00:22:26,560 --> 00:22:30,400 Because otherwise, you know, just trading with your typical 407 00:22:30,400 --> 00:22:33,960 broker or brokerage. Like, it's probably a lot 408 00:22:33,960 --> 00:22:36,400 simpler to be honest. Yeah, they, they do all the 409 00:22:36,400 --> 00:22:41,640 reporting for you. So I, I, I see that and like, I 410 00:22:41,640 --> 00:22:45,720 think my, my realistic take is like, is Joe Schmo down the 411 00:22:45,720 --> 00:22:49,640 street going to come on chain to trade stocks on chain as his 412 00:22:49,640 --> 00:22:53,160 first use case? Probably not right like he, he 413 00:22:53,200 --> 00:22:56,080 something would have already brought that person on chain by 414 00:22:56,080 --> 00:22:58,680 now if they're interested in it. And I don't think this is it, 415 00:22:59,600 --> 00:23:02,520 but I do think it is a way to keep capital on chain. 416 00:23:03,200 --> 00:23:06,000 So like there are plenty of crypto traders who other who 417 00:23:06,000 --> 00:23:09,880 also trade stocks in in other asset classes, right And like 418 00:23:09,880 --> 00:23:13,000 let's say you think Tesla's going to outperform Ethereum. 419 00:23:13,680 --> 00:23:17,520 Well, up until now, you have to sell your Ethereum and off ramp 420 00:23:18,360 --> 00:23:21,040 and buy Tesla via your stock account. 421 00:23:21,200 --> 00:23:23,120 And now you're going to be able to keep that capital on chain, 422 00:23:23,360 --> 00:23:25,480 which in theory or pie in the sky helping him. 423 00:23:25,480 --> 00:23:27,760 Is it it also brings it easy. It makes it easier to you know, 424 00:23:27,800 --> 00:23:30,800 Tesla runs 30% then you swap back to eat right for this 425 00:23:30,800 --> 00:23:33,560 example. So it it keeps it on chain. 426 00:23:33,720 --> 00:23:37,800 I think it I think that the bigger story is this. 427 00:23:37,840 --> 00:23:41,000 We're in six weeks. We're, we're seeing more and 428 00:23:41,000 --> 00:23:46,600 more ripples and impacts of the crypto friendly US and whether 429 00:23:46,800 --> 00:23:50,760 or not like we, we just had the, the the comments are saying, you 430 00:23:50,760 --> 00:23:53,880 know, we're celebrating a government buying our bags like, 431 00:23:53,960 --> 00:23:58,200 and that is a silly thing to do and I understand that, but a 432 00:23:58,200 --> 00:24:02,880 government that is, is enabling innovation rapidly is a bigger 433 00:24:02,880 --> 00:24:05,080 deal. Yeah, for sure. 434 00:24:05,760 --> 00:24:08,200 I think one of the other things that stuck out to me 435 00:24:08,200 --> 00:24:11,080 particularly maybe it's just this article in the framing and 436 00:24:11,080 --> 00:24:13,400 I maybe need to dig a little deeper is I was a little 437 00:24:13,400 --> 00:24:15,800 disappointed to see that even the comments from Haas and 438 00:24:15,800 --> 00:24:19,840 others in here like I didn't really get the why they're so 439 00:24:19,840 --> 00:24:22,240 excited about it. Of course, like I I recognize if 440 00:24:22,560 --> 00:24:25,320 getting the 24/7 trading. I think Armstrong references 441 00:24:25,320 --> 00:24:27,240 that getting more people on chain. 442 00:24:27,240 --> 00:24:30,880 Yes, I understand that they didn't feel to me in reading 443 00:24:30,880 --> 00:24:34,120 this that there was like any other detailed excitement points 444 00:24:34,120 --> 00:24:37,960 beyond those things. And maybe I'm just tired of that 445 00:24:37,960 --> 00:24:41,200 because we've been hearing that for a while as like the pros, 446 00:24:41,200 --> 00:24:44,760 right, Being able to trade 24/7. You saw the tweet that copy 447 00:24:44,760 --> 00:24:47,720 pasta at this point in time, right From was it Eric Trump? 448 00:24:49,800 --> 00:24:53,320 But yeah, I was yeah. I'm I was missing a little bit 449 00:24:53,320 --> 00:24:56,040 of like the some of the other, I guess, like smaller bullet 450 00:24:56,040 --> 00:24:59,080 points about why this is so exciting, aside from the fact 451 00:24:59,080 --> 00:25:04,040 that, you know, you can trade it whenever and it brings money 452 00:25:04,040 --> 00:25:05,440 out, Jane. And maybe it's just those things 453 00:25:05,440 --> 00:25:08,440 and it's I need to just be OK with those are simple and big 454 00:25:08,440 --> 00:25:11,200 points, but I don't know, I was maybe I was expecting a little 455 00:25:11,200 --> 00:25:13,880 bit more in terms. Of is the writing on the wall or 456 00:25:13,880 --> 00:25:16,960 like between the lines here that this is a new business line for 457 00:25:16,960 --> 00:25:20,080 them and and like they're going to facilitate stock floating on 458 00:25:20,080 --> 00:25:23,480 chain because that is a big. Deal that's a that's a big deal. 459 00:25:23,480 --> 00:25:26,880 I mean, does this become more of a if you're looking for like a 460 00:25:26,880 --> 00:25:30,320 play here, of course I'm not, you know, suggesting any 461 00:25:30,320 --> 00:25:33,120 financial advice, but like, is this like a is this a coin play, 462 00:25:33,400 --> 00:25:35,200 right? Is this a Robin Hood play? 463 00:25:35,200 --> 00:25:39,080 Is this a whatever more of like a picks and shovels types things 464 00:25:39,080 --> 00:25:43,120 because they are facilitating, you know the the trading of 465 00:25:43,120 --> 00:25:47,880 these equities on chain versus like nothing else really 466 00:25:47,880 --> 00:25:49,560 matters. So this is Coinbase very excited 467 00:25:49,560 --> 00:25:51,680 to rack up some more fees. Maybe who? 468 00:25:52,440 --> 00:25:55,800 Knows Mando, curious for your take, is the is the writing on 469 00:25:55,800 --> 00:26:00,080 the wall that Coinbase would be spinning up their own on chain 470 00:26:00,080 --> 00:26:03,440 stock trading business line effectively or product here? 471 00:26:04,200 --> 00:26:06,560 Oh, 100%, yeah. I'm thinking pretty openly 472 00:26:06,560 --> 00:26:08,840 they're doing that right. I think that's been the state to 473 00:26:08,840 --> 00:26:12,560 the aim of crypto since the since the beginning, you know, 474 00:26:12,560 --> 00:26:15,480 tokenize everything. It's just been not being able to 475 00:26:15,480 --> 00:26:20,440 do it in the biggest financial capital, which is the States and 476 00:26:23,120 --> 00:26:24,520 and now we're probably going to see that. 477 00:26:24,520 --> 00:26:29,080 So yeah, I think we'll see tokenized, tokenized everything 478 00:26:29,280 --> 00:26:33,320 like there will be stocks, bonds, real estate, everything 479 00:26:33,320 --> 00:26:34,400 can go on chain. Obviously. 480 00:26:34,400 --> 00:26:36,320 This is what Larry Fink's been saying as well. 481 00:26:38,280 --> 00:26:42,760 I don't know if it will like be the only location for for for 482 00:26:42,760 --> 00:26:47,640 this, but I think it could be a. It could be one of them for 483 00:26:47,640 --> 00:26:51,440 sure. Nick Tamino had a pretty 484 00:26:51,440 --> 00:26:54,800 interesting hot take here. I I kind of did a double take 485 00:26:54,800 --> 00:26:56,520 when I wrote it. What do you say he? 486 00:26:56,720 --> 00:27:01,120 Said $225 billion in stable coins presently $0.00 in stocks 487 00:27:01,120 --> 00:27:03,880 on chain. His prediction stables past one 488 00:27:03,880 --> 00:27:11,480 trillion in 2025 and 100 billion in tokenized stocks on chain in 489 00:27:11,480 --> 00:27:17,240 2025. I guess my the the 100 billion 490 00:27:17,640 --> 00:27:19,680 and stocks on chain actually didn't. 491 00:27:19,760 --> 00:27:22,360 I guess if this gets pushed through like that, that number 492 00:27:22,360 --> 00:27:23,680 doesn't really surprise me as much. 493 00:27:23,680 --> 00:27:25,480 I don't really know like how to quantify that. 494 00:27:25,480 --> 00:27:28,320 But the one trillion in stables is kind of what made my jaw drop 495 00:27:28,320 --> 00:27:32,760 a little bit because that's 4/4 and 1/2 X Where were I? 496 00:27:32,760 --> 00:27:33,800 I don't. Think you're going to get I 497 00:27:33,800 --> 00:27:37,640 don't think you're going to do that, but but I'll just that's 498 00:27:37,640 --> 00:27:43,080 just my gut, but but I do think. Total up only, Total market cap 499 00:27:43,080 --> 00:27:47,160 is 3 trillion. So what's the path like? 500 00:27:47,240 --> 00:27:48,560 So like, let's let's play this out. 501 00:27:48,560 --> 00:27:54,120 So like what would be the path to 1 trillion in the next nine 502 00:27:54,120 --> 00:27:56,520 months? Is it banks launching their own 503 00:27:56,520 --> 00:27:57,760 stable? Yeah, it would be banks. 504 00:27:57,800 --> 00:27:59,960 It would be banks. I mean, this kind of goes back 505 00:27:59,960 --> 00:28:04,040 to this kind of goes back to the idea that everyone could, 506 00:28:04,160 --> 00:28:07,000 originally it was everyone could have a coin and I think now it 507 00:28:07,000 --> 00:28:09,040 could, it could donate to everyone has a stable coin. 508 00:28:09,400 --> 00:28:13,760 You know what I mean? Like there are some benefits to 509 00:28:13,760 --> 00:28:18,160 having your own stable coin. You basically can operate semi 510 00:28:18,160 --> 00:28:21,480 like a bank. So like big brands could all do 511 00:28:21,480 --> 00:28:23,600 it in the same way you want like a loyalty program, right? 512 00:28:23,600 --> 00:28:27,080 Like you keep money on the on and then they basically can do 513 00:28:27,080 --> 00:28:30,040 whatever they want with it. You could you could see, you 514 00:28:30,040 --> 00:28:33,680 know, Nike has a stable coin, big banks have a stable coin. 515 00:28:33,680 --> 00:28:37,040 Amazon has a stable coin rather than having a coin. 516 00:28:39,480 --> 00:28:42,280 Now I don't know, but they could easily do that. 517 00:28:42,280 --> 00:28:47,280 Yeah. It's an interesting one if that, 518 00:28:47,480 --> 00:28:52,440 if this prediction comes true, I guess I feel like asset prices 519 00:28:52,440 --> 00:28:54,840 would be higher. And I know that banks launching 520 00:28:54,840 --> 00:29:00,120 stable coins on paper doesn't mean the price of our tokens are 521 00:29:00,120 --> 00:29:02,520 going up. But I feel like the amount that 522 00:29:02,520 --> 00:29:06,880 that would signal if that level of capital coming on chain this 523 00:29:06,880 --> 00:29:11,760 rapidly, I feel like would be a very big signal just to people 524 00:29:11,760 --> 00:29:13,960 perhaps who are on the fence to traditional institutional 525 00:29:13,960 --> 00:29:17,200 players. So I think it it would be a very 526 00:29:17,200 --> 00:29:21,280 bullish outcome, but perhaps a little lofty. 527 00:29:21,280 --> 00:29:25,240 We we will see. I want to go around the horn a 528 00:29:25,240 --> 00:29:28,120 few other headlines from the day. 529 00:29:28,120 --> 00:29:30,920 I do want to hit this sweet news. 530 00:29:31,120 --> 00:29:35,480 It broke right before the show. So if folks haven't seen this, 531 00:29:35,480 --> 00:29:38,840 Swede announced a new strategic partnership with Trump's World 532 00:29:38,840 --> 00:29:42,480 Liberty 5 S As a part of this, World Liberty 5 is going to add 533 00:29:42,480 --> 00:29:46,000 Swede to that WLF strategic reserve. 534 00:29:46,360 --> 00:29:48,880 The two are going to form a new partnership to develop new 535 00:29:48,880 --> 00:29:51,880 products as well. It looks like from the release, 536 00:29:51,880 --> 00:29:55,400 the WLFI team first approached Swede due to their underlying 537 00:29:55,400 --> 00:29:59,600 tech and the potential to play their role in in modern finance. 538 00:29:59,600 --> 00:30:02,800 We have a couple quotes here from Eric Trump, Zach Folkman, 539 00:30:02,800 --> 00:30:05,320 Eric said we're excited to work with Swee and explore the 540 00:30:05,320 --> 00:30:07,400 innovative opportunities this collab presents. 541 00:30:07,400 --> 00:30:10,200 And then Zach Folkman, who's the Co founder of World Liberty 5. 542 00:30:10,680 --> 00:30:13,440 We chose Swee for its American born innovation combined with 543 00:30:13,440 --> 00:30:17,120 impressive scale and adoption is a natural complement to our 544 00:30:17,120 --> 00:30:20,800 mission of bringing decentralized finance to more 545 00:30:20,800 --> 00:30:24,320 Americans. We did see Swee rally quite a 546 00:30:24,320 --> 00:30:25,960 bit initially on the news. Yeah. 547 00:30:25,960 --> 00:30:32,000 So it's up 17% on the day, basically candling up right on 548 00:30:32,000 --> 00:30:35,080 the back of the announcement. Seems like we've had a bit of 549 00:30:35,080 --> 00:30:39,920 mixed reaction so far at least on on crypto Twitter to this 550 00:30:39,920 --> 00:30:44,320 one. Curious and Logan, if you guys 551 00:30:44,320 --> 00:30:48,520 have have takes on this one or we can continue to to move, move 552 00:30:48,520 --> 00:30:51,200 along? They just, they just gave them 553 00:30:51,200 --> 00:30:54,880 $5,000,000, right? Like this is what it is. 554 00:30:54,880 --> 00:30:57,640 This is what World Liberty Financial is quickly becoming. 555 00:30:57,640 --> 00:31:00,200 Almost like a, a crypto slush fund. 556 00:31:02,560 --> 00:31:06,440 And and with that, you get the, the Trump seal of approval and, 557 00:31:06,560 --> 00:31:08,080 and you maybe get to go to a dinner like this. 558 00:31:08,080 --> 00:31:10,120 I, I, I don't know. I, I I'm not. 559 00:31:10,240 --> 00:31:12,640 I've been pretty vocal that I think World Liberty Financial 560 00:31:12,640 --> 00:31:18,960 is, is not good. It, it seems like people are 561 00:31:18,960 --> 00:31:23,480 also conflating now world liberty financial actions with 562 00:31:23,480 --> 00:31:26,040 like with the US government actions too. 563 00:31:26,040 --> 00:31:28,360 So like, it's getting a little bit murky. 564 00:31:28,360 --> 00:31:30,440 Like I think people saw the headline. 565 00:31:30,440 --> 00:31:33,040 I think maybe Watch or Guru ran a headline that was a little bit 566 00:31:33,040 --> 00:31:36,840 light on details and thoughts. We was being added to like the 567 00:31:37,000 --> 00:31:41,760 US government strategic reserve. So a little bit. 568 00:31:41,840 --> 00:31:46,240 What the coins want and, and there is the, the reason why 569 00:31:46,240 --> 00:31:47,640 it's getting blurred is because it is blurred. 570 00:31:47,800 --> 00:31:50,560 I, I, I tell you right now, the people that got invited to this 571 00:31:50,560 --> 00:31:53,560 crypto conference, I bet you they're all, they're all well 572 00:31:53,560 --> 00:31:55,520 living financial people as well, like. 573 00:31:57,360 --> 00:31:59,320 Well, I think I've seen headlines that some of the 574 00:31:59,320 --> 00:32:01,440 attendees are some of the bigger donors, right? 575 00:32:01,440 --> 00:32:03,480 So like, I don't know if that's even like a secret. 576 00:32:03,480 --> 00:32:07,840 That's like public information at that at this point. 577 00:32:08,680 --> 00:32:13,800 At the same time, we were praising Coinbase for, you know, 578 00:32:13,800 --> 00:32:18,640 pushing pro crypto agenda and fundraising and backing their 579 00:32:18,640 --> 00:32:21,160 candidates, right? So like, all of this is a little 580 00:32:21,160 --> 00:32:23,400 bit blurred I guess is just what I'm saying. 581 00:32:23,920 --> 00:32:26,960 Yeah, the last six months has been a lot of pay for play type 582 00:32:26,960 --> 00:32:28,720 stuff. I mean, it's kind of how the 583 00:32:28,720 --> 00:32:30,680 world works and we're we're seeing it here. 584 00:32:30,680 --> 00:32:33,720 I think that one of the most difficult parts for me, just 585 00:32:33,720 --> 00:32:37,240 echoing some of Mando's sentiments, is like if you were 586 00:32:37,240 --> 00:32:40,280 giving World Liberty Financial the benefit of the doubt that it 587 00:32:40,280 --> 00:32:44,200 was looking to become a legitimate what, Defy platform 588 00:32:44,200 --> 00:32:46,320 of sorts. It's becoming more and more 589 00:32:46,320 --> 00:32:49,040 difficult to understand how all these pieces fit together. 590 00:32:49,840 --> 00:32:53,560 Like how does Swee play with all the other assets? 591 00:32:53,680 --> 00:32:56,800 It's, it's literally just a strategic reserve play, like 592 00:32:56,800 --> 00:33:00,560 they're just going to hold coins and what else are they doing? 593 00:33:00,560 --> 00:33:04,200 I, I don't even understand. Like, I don't know that that 594 00:33:04,200 --> 00:33:07,800 part, that part. Becomes, yeah, I, I see what 595 00:33:07,800 --> 00:33:10,360 you're saying. I think we we need to know a 596 00:33:10,360 --> 00:33:13,400 little bit more still about like what World Liberty 5's big plans 597 00:33:13,400 --> 00:33:16,480 are and what, what are they, they, they're doing here. 598 00:33:16,560 --> 00:33:17,840 Let me start you just you're right there. 599 00:33:17,840 --> 00:33:21,040 There's no big plan. Like there's no partnership 600 00:33:21,040 --> 00:33:22,240 here. There is nothing. 601 00:33:22,560 --> 00:33:25,280 There's nothing happening. It is just some money that has 602 00:33:25,280 --> 00:33:28,960 been used and in return you get big marketing, you get the seal 603 00:33:28,960 --> 00:33:32,080 of approval like this is, this is what this is. 604 00:33:32,400 --> 00:33:35,520 There was a report out I think it was a couple days ago saying 605 00:33:35,520 --> 00:33:37,840 like business leaders are paying $5,000,000 to meet Trump at the 606 00:33:37,840 --> 00:33:38,880 moment. If you guys saw that. 607 00:33:39,120 --> 00:33:42,160 I did see that I commented how he would he would cook on time 608 00:33:42,160 --> 00:33:44,720 dot fun this is those are his going rates. 609 00:33:45,200 --> 00:33:49,880 Is it the same thing? I don't know how that's legal. 610 00:33:49,880 --> 00:33:52,040 I can you. That just feels like blatant 611 00:33:52,040 --> 00:33:54,040 bribery, like we're going to spend. 612 00:33:54,840 --> 00:33:57,440 Five One man's bribery is another man's donation. 613 00:33:57,840 --> 00:34:00,240 You know, how does how do you think the US political system 614 00:34:00,240 --> 00:34:02,640 works, right? You call that bribery in other 615 00:34:02,640 --> 00:34:04,680 countries? The US is built on this thing. 616 00:34:05,800 --> 00:34:09,960 Sometimes I'm hopelessly optimistic, perhaps a bit naive. 617 00:34:10,320 --> 00:34:12,480 Well, let's keep going around the horn, I think. 618 00:34:13,040 --> 00:34:17,480 Another piece of news that has captured a lot of reactions from 619 00:34:17,480 --> 00:34:18,760 the market. We didn't have a chance to get 620 00:34:18,760 --> 00:34:22,199 into this yesterday. Kevin Rose is back, folks. 621 00:34:24,000 --> 00:34:28,080 Like him or hate him, It looks like Alexis Ohanian has 622 00:34:28,560 --> 00:34:34,560 partnered with Kevin Rose to reacquire Dig, and they're 623 00:34:34,560 --> 00:34:38,239 installing Moon Bird's artists and COO Justin Mizell as the 624 00:34:38,239 --> 00:34:41,000 CEO. Logan, I see your name on the 625 00:34:41,000 --> 00:34:42,719 art. So you wrote this one. 626 00:34:43,120 --> 00:34:46,480 Like tell us about this. I, I might have declined the 627 00:34:46,480 --> 00:34:48,840 assignment. I had known the, the backlash. 628 00:34:50,320 --> 00:34:53,800 No, I, I mean the, the announcement itself is like 629 00:34:54,600 --> 00:34:57,600 pretty minimal. So Dig, of course, Kevin Rosco 630 00:34:57,600 --> 00:35:01,160 founded DIG a long time ago. I, I was not a Dig user, but 631 00:35:01,160 --> 00:35:05,400 from what I read about DIG, it was quite popular and like a 632 00:35:05,400 --> 00:35:09,360 useful thing for a while. The social news site, I guess 633 00:35:09,360 --> 00:35:11,440 you could characterize it as. I don't know if either of you 634 00:35:11,440 --> 00:35:15,560 used it or not. Anyway, he left, right? 635 00:35:15,560 --> 00:35:18,760 They sold, I think parts of it and they he, you know, honey and 636 00:35:18,880 --> 00:35:21,200 reacquired it Yesterday. They announced the reacquirement 637 00:35:21,200 --> 00:35:24,880 and they're going to reboot Dig using AI as like a really, 638 00:35:24,880 --> 00:35:28,000 really strong content moderation platform, trying to basically 639 00:35:28,000 --> 00:35:30,520 thread the needle, I think between today's social 640 00:35:30,840 --> 00:35:37,400 platforms, more or less. And of course, given the disdain 641 00:35:37,400 --> 00:35:40,880 that Kevin Rose has earned earned in crypto, you see that 642 00:35:40,880 --> 00:35:44,600 ethos rating there five O 4. Not sure I've seen one lower. 643 00:35:45,720 --> 00:35:49,080 The timeline went nuts. Even though as of right now 644 00:35:49,080 --> 00:35:54,080 there is no known connection to crypto, blockchain, anything 645 00:35:54,080 --> 00:35:56,320 like that. They do mention a few times 646 00:35:58,200 --> 00:36:01,800 rewarding human participation, heart human participation. 647 00:36:02,080 --> 00:36:05,280 The Verge article, Mizell commented about that. 648 00:36:05,560 --> 00:36:07,760 The press release may have said something about it as well. 649 00:36:08,040 --> 00:36:12,360 I reached out to representatives for DIG, did not receive a reply 650 00:36:12,360 --> 00:36:14,280 regarding that. So TBD. 651 00:36:15,160 --> 00:36:17,280 But yeah, I mean, there's not much else to say. 652 00:36:17,400 --> 00:36:20,440 If people just, they see his name get real, real fired up. 653 00:36:20,760 --> 00:36:23,160 All you can do is drop in an e-mail to be alerted about when 654 00:36:23,160 --> 00:36:24,560 the platform goes live. That's it. 655 00:36:25,840 --> 00:36:28,640 This is the part of the reason why this is so interesting to me 656 00:36:28,640 --> 00:36:32,600 is like, I've seen a lot of smart people that I respect say 657 00:36:32,640 --> 00:36:35,880 like this could actually be a very interesting re up of this 658 00:36:35,880 --> 00:36:38,280 product. And I think Alexis Ohanian is a 659 00:36:38,280 --> 00:36:43,600 very serious player. Of course, you know, with, with 660 00:36:43,600 --> 00:36:48,480 Reddit and whatnot, but I feel like the NFTCT crowd is just so 661 00:36:48,480 --> 00:36:52,680 jaded by anything. Kevin Rose, like I, I believe 662 00:36:52,680 --> 00:36:56,040 that he might be the single lowest rated person on Ethos 663 00:36:56,760 --> 00:36:59,760 right now with 500 and folks aren't familiar with Ethos. 664 00:37:00,680 --> 00:37:03,360 It's a reputation platform. Everyone starts with a 1200 665 00:37:03,360 --> 00:37:08,000 number baseline. So like 1900 is good, very good. 666 00:37:08,000 --> 00:37:12,880 It would put you like top 10500 is the, you know, very bad. 667 00:37:14,480 --> 00:37:17,520 So, so clearly he he he's not well liked in in the web 3 668 00:37:17,520 --> 00:37:18,920 streets. I don't think that's news to 669 00:37:18,920 --> 00:37:20,600 anyone. I I posted about this this 670 00:37:20,600 --> 00:37:24,760 morning and my replies were just flooded with with angry 671 00:37:24,760 --> 00:37:27,920 comments. So people are mad online and 672 00:37:27,920 --> 00:37:31,040 they're mad at, at Kevin Rose, I think. 673 00:37:31,040 --> 00:37:34,280 What does the Justin Mizell piece I think? 674 00:37:34,840 --> 00:37:37,520 That must be that must be part of this. 675 00:37:37,520 --> 00:37:41,480 That is, you know, you, you see, you see moonbirds, right? 676 00:37:41,480 --> 00:37:45,040 And you just, you roll over into what happened. 677 00:37:45,040 --> 00:37:49,880 And yeah, I don't know, man. I don't know. 678 00:37:50,360 --> 00:37:52,440 I, I personally like the app itself. 679 00:37:52,440 --> 00:37:55,520 Like I said, I did not use the first iteration of dig for a 680 00:37:55,520 --> 00:37:57,880 time. It was very, very popular by, 681 00:37:57,960 --> 00:37:59,640 you know, in all the reporting that I did. 682 00:38:01,000 --> 00:38:03,240 It doesn't seem like a bad thing to have. 683 00:38:03,240 --> 00:38:07,440 They do it well, like I, I don't I, you know, social news like 684 00:38:07,440 --> 00:38:10,160 we're we're receiving this via crypto every or sorry, via 685 00:38:10,160 --> 00:38:12,360 crypto Twitter every single day, like it's just another 686 00:38:12,640 --> 00:38:15,440 competitor of sorts to Reddit X etcetera. 687 00:38:15,440 --> 00:38:19,040 But what what's so bad about somebody trying to do that a 688 00:38:19,040 --> 00:38:21,840 little bit better? That doesn't seem like that big 689 00:38:21,840 --> 00:38:25,280 of a deal, and the platform's not even live so. 690 00:38:26,240 --> 00:38:28,560 I I thought it was interesting in the context that you, you saw 691 00:38:28,560 --> 00:38:30,680 that Alexis Tohaney and also put in a bit the TikTok. 692 00:38:31,320 --> 00:38:33,360 And. He wants to bring that on chain 693 00:38:33,360 --> 00:38:34,680 he wants. To bring that on chain. 694 00:38:34,800 --> 00:38:41,400 So he clearly is Web 3 adjacent or is very much aware of what 695 00:38:41,400 --> 00:38:44,240 he's doing. So yeah, ignore the Kevin Rose 696 00:38:44,240 --> 00:38:45,680 stuff. I think pay attention to what 697 00:38:45,680 --> 00:38:47,520 Lexus Vanian is doing. He's he's looking up and 698 00:38:47,600 --> 00:38:51,760 bringing on some of these social media style sites on on chain. 699 00:38:52,400 --> 00:38:55,320 Yeah, he's actually. Asteroid mining missions, I 700 00:38:55,320 --> 00:38:56,760 learned today. I learned that as well. 701 00:38:56,760 --> 00:38:58,520 So he's got his hands in a lot of things. 702 00:38:58,800 --> 00:39:00,680 Got a lot of money. One of the one of the things 703 00:39:00,680 --> 00:39:04,040 that I don't think people realized about the, the so I 704 00:39:04,040 --> 00:39:06,960 wrote the TikTok story for Decrypt the day before as well. 705 00:39:08,360 --> 00:39:10,640 Sorry if I'm rehashing anything you guys may have talked about, 706 00:39:10,640 --> 00:39:14,080 but he's actually like specifically calls out if you, 707 00:39:14,120 --> 00:39:17,280 yeah, that thread right there, like 2 posts down, he calls out. 708 00:39:17,520 --> 00:39:20,120 He very much mentions the blockchain itself that they're 709 00:39:20,120 --> 00:39:21,640 talking about. I think it gets skipped over 710 00:39:21,800 --> 00:39:23,840 that little frequency note there. 711 00:39:24,120 --> 00:39:27,240 So frequency is a blockchain. It's a layer 1 blockchain. 712 00:39:28,560 --> 00:39:30,880 Yeah, that was a note that I had to do double take. 713 00:39:30,880 --> 00:39:34,960 But in my reporting came across it's a layer one blockchain 714 00:39:35,280 --> 00:39:38,440 based on the I'm going to mess up the DNSP, basically a 715 00:39:38,440 --> 00:39:40,400 decentralized social networking protocol. 716 00:39:41,240 --> 00:39:44,640 But the Frank McCourt, former Dodger's owner, the billionaire 717 00:39:44,640 --> 00:39:48,880 who's behind Project Liberty, which is the entity making the 718 00:39:48,880 --> 00:39:52,440 bid for Tiktok, basically that's what they've selected as the 719 00:39:53,680 --> 00:39:58,000 empowerment network for this bid, right? 720 00:39:58,000 --> 00:40:02,720 So they want to get TikTok US, they want to acquire that and 721 00:40:02,720 --> 00:40:06,360 bring it to frequency, bring the data, the social graph data 722 00:40:06,440 --> 00:40:09,120 right on to frequency. It's already been outlined. 723 00:40:09,120 --> 00:40:11,800 I mean, it's like literally on the the people's bid website, 724 00:40:11,800 --> 00:40:16,040 which is the website which indicates, you know, the details 725 00:40:16,040 --> 00:40:18,280 of this bid they're making for TikTok USA. 726 00:40:18,680 --> 00:40:20,720 So it, it's spelled out. I mean, he's literally telling 727 00:40:20,720 --> 00:40:25,480 you which blockchain. So frequency itself was a 728 00:40:25,520 --> 00:40:29,600 started as a polka dot para chain and has since they 729 00:40:29,600 --> 00:40:34,800 partnered with Consensus in November to get his feet wet in 730 00:40:34,800 --> 00:40:38,240 Ethereum and EVM. So so I mean, there's a lot, 731 00:40:38,240 --> 00:40:39,920 there's a lot of stuff there. I didn't see anybody talking 732 00:40:39,920 --> 00:40:41,320 about any of that stuff. We wrote it up. 733 00:40:41,320 --> 00:40:44,200 It's over at the grip. But yeah, I think that's the 734 00:40:44,200 --> 00:40:47,920 more interesting part here too. Mando is, you know, he's very 735 00:40:47,920 --> 00:40:49,400 much spelled it out. I mean, he literally said he 736 00:40:49,400 --> 00:40:51,840 wants to bring TikTok on chain. Then the very next day there's 737 00:40:51,840 --> 00:40:57,720 more news about a social site and all you know, they all have 738 00:40:57,720 --> 00:40:59,680 connections to crypto and blockchain. 739 00:41:00,440 --> 00:41:03,440 I'm speculating, of course. I have no information that that 740 00:41:03,440 --> 00:41:06,280 would suggest that DIG or anything like that will come on 741 00:41:06,280 --> 00:41:09,320 chain, or if they have any intention to do so, but it's not 742 00:41:09,320 --> 00:41:10,800 the most outlandish leap to make. 743 00:41:12,760 --> 00:41:15,360 Why do we want to have social media on chain? 744 00:41:15,360 --> 00:41:18,040 I'm just trying to think about that myself a little bit because 745 00:41:18,040 --> 00:41:21,720 I know a farcaster that was this idea that like you own your 746 00:41:21,720 --> 00:41:23,280 posts and that sort of stuff, but like. 747 00:41:23,320 --> 00:41:24,600 Yeah. So you really? 748 00:41:24,600 --> 00:41:27,360 Want all of our Do you really want all your social media posts 749 00:41:27,360 --> 00:41:29,800 on chain? It's like having all your 750 00:41:29,800 --> 00:41:31,560 messages on chain. Like I just feel like it's one 751 00:41:31,560 --> 00:41:33,840 of those things where like, yeah, I'm not. 752 00:41:34,040 --> 00:41:36,760 I like, I don't know if I want that random tweet. 753 00:41:36,760 --> 00:41:39,240 I just deleted it to be like on the blockchain forever. 754 00:41:40,120 --> 00:41:43,720 An interesting, so I I interviewed Nigel Eccles a few, 755 00:41:43,760 --> 00:41:46,120 I've talked to him a few times, but when he was building one of 756 00:41:46,120 --> 00:41:50,160 his first on chain sports betting products and he 757 00:41:50,160 --> 00:41:54,120 basically said you don't want to bring anything on chain that 758 00:41:54,160 --> 00:41:57,560 that doesn't absolutely need blockchain to function. 759 00:41:58,360 --> 00:42:00,440 Right. Because it provides a hurdle. 760 00:42:00,440 --> 00:42:02,320 So like I, I don't really have the answer to that. 761 00:42:02,320 --> 00:42:07,480 I understand media on chain from like a protecting revisionist 762 00:42:07,480 --> 00:42:09,640 history standpoint. That's a good. 763 00:42:09,640 --> 00:42:11,760 Example like there's some vetting of what you've posted, 764 00:42:11,760 --> 00:42:13,480 but it's like it's like if someone said do you want to have 765 00:42:13,480 --> 00:42:14,640 all your WhatsApp messages on chain? 766 00:42:14,640 --> 00:42:17,400 I just feel like, no, I don't really. 767 00:42:17,400 --> 00:42:21,480 Yeah. Kind of the. 768 00:42:21,560 --> 00:42:25,920 Opposite of that and I agree like I actually think that we we 769 00:42:25,920 --> 00:42:28,160 should put web 3 where we where it should be. 770 00:42:28,360 --> 00:42:32,640 I guess with TikTok it's videos so like and and sometimes 771 00:42:33,560 --> 00:42:35,680 there's some sort of control about what actually can get 772 00:42:35,680 --> 00:42:38,560 posted or not. So maybe there's some like idea 773 00:42:38,560 --> 00:42:42,000 that you'll have like a but yeah, I don't know, like I'm, 774 00:42:42,040 --> 00:42:45,320 I'm less, I'm less super bullish on like everything needing to be 775 00:42:45,320 --> 00:42:48,840 on chain from a social perspective, messaging 776 00:42:48,840 --> 00:42:53,000 perspective for sure. Financial assets makes sense. 777 00:42:53,680 --> 00:42:55,400 Yeah. Other other things, maybe a 778 00:42:55,400 --> 00:42:59,200 little bit less. So my my read on why they want 779 00:42:59,200 --> 00:43:01,880 to do this is is the data ownership piece right? 780 00:43:01,880 --> 00:43:04,080 Like you don't want TikTok to own your data. 781 00:43:04,080 --> 00:43:06,560 That the whole thing that like a lot of the newsletter, newer 782 00:43:06,560 --> 00:43:07,960 newsletter sites are about right. 783 00:43:07,960 --> 00:43:12,360 Like own your audience, not XYZ owns your audience, those types 784 00:43:12,360 --> 00:43:14,120 of things. Like I sort of understand that, 785 00:43:14,120 --> 00:43:17,840 but I, it seems I don't, I don't understand it in practice, I 786 00:43:17,840 --> 00:43:19,760 guess yet. Like I can read these buzzwords 787 00:43:19,760 --> 00:43:24,000 on the page about like owning your data, you know, somebody 788 00:43:24,000 --> 00:43:26,080 else not controlling it. And those things seem good to 789 00:43:26,080 --> 00:43:29,200 me, like just to read those, but I just don't know really what it 790 00:43:29,200 --> 00:43:30,880 looks like. We haven't seen a in my opinion, 791 00:43:30,880 --> 00:43:33,400 we haven't seen a good implementation of it that makes 792 00:43:33,400 --> 00:43:34,600 sense. Like, people don't, do they 793 00:43:34,640 --> 00:43:37,480 really want to have to port their data over to things? 794 00:43:37,480 --> 00:43:41,320 Like I think most folks just like don't really give a shit. 795 00:43:41,440 --> 00:43:43,160 Like, you know. Makes sense. 796 00:43:44,360 --> 00:43:47,360 Makes sense for Taylor Swift and Snoop Dogg and superstars who 797 00:43:47,360 --> 00:43:51,040 have an audience that they can just port over to new platforms 798 00:43:51,320 --> 00:43:54,160 like Snoop Dogg moving from Spotify to a Web 3 platform like 799 00:43:54,160 --> 00:43:55,400 where he could potentially earn more. 800 00:43:55,400 --> 00:43:57,400 That makes a little bit more sense if if you're a random 801 00:43:57,400 --> 00:44:00,600 TikTok creator hoping to generate revenue and become a 802 00:44:00,600 --> 00:44:03,960 TikTok influencer, it's going to be a lot harder for you without 803 00:44:03,960 --> 00:44:07,800 like TikTok helping, helping you out like and, and helping you to 804 00:44:07,800 --> 00:44:10,480 build that audience. So I think that would be the 805 00:44:10,480 --> 00:44:12,600 argument and, and argument against it. 806 00:44:14,120 --> 00:44:17,320 But we'll, we'll certainly see. I want to go around the horn. 807 00:44:17,320 --> 00:44:19,760 We have about 10 minutes left in the show. 808 00:44:20,320 --> 00:44:23,960 A fun headline from yesterday. And Logan, you, you wrote this 809 00:44:23,960 --> 00:44:25,680 story. So I'll, I'll tee you up again. 810 00:44:26,440 --> 00:44:32,400 Folks may remember very popular trivia again, Trivia HQ or HQ 811 00:44:32,400 --> 00:44:34,560 trivia, rather. Yeah, it looks like Robin Hood 812 00:44:34,560 --> 00:44:39,440 has partnered with the host from that to do a crypto prize game 813 00:44:39,480 --> 00:44:39,920 show. So what? 814 00:44:39,920 --> 00:44:40,720 What's the story? Here. 815 00:44:40,720 --> 00:44:43,080 Yeah, this was fun. So I participated in this. 816 00:44:43,080 --> 00:44:46,040 It was a busy day yesterday near the end of the day, and they 817 00:44:46,040 --> 00:44:48,760 have another one coming today for Robin Hood Gold members at 818 00:44:48,760 --> 00:44:52,920 4:45 PM Eastern Time. But basically it's if you didn't 819 00:44:52,920 --> 00:44:55,720 play HQ trivia, it's essentially the exact same thing. 820 00:44:55,720 --> 00:44:57,760 They're asking 12 multiple choice questions. 821 00:44:58,240 --> 00:45:00,880 They're about finance, economics, and crypto currencies 822 00:45:01,160 --> 00:45:05,840 and if you answer them all correctly you split the prize, 823 00:45:05,840 --> 00:45:07,800 which it's not a thing to scoff at. 824 00:45:07,800 --> 00:45:11,400 It's $1 million in Bitcoin and I played yesterday and bowed out 825 00:45:11,400 --> 00:45:14,680 in like round 3 or 4 or something on some trying to take 826 00:45:14,680 --> 00:45:17,240 screenshots for the article and it's just bad. 827 00:45:17,240 --> 00:45:18,840 I missed the question. Whatever, I'm a dummy. 828 00:45:19,560 --> 00:45:22,880 But only 615 people made it all the way through yesterday, So 829 00:45:22,880 --> 00:45:25,280 the winners actually got like, 1600 bucks in Bitcoin. 830 00:45:26,240 --> 00:45:28,200 Not too bad, right? If we're just logging on, it 831 00:45:28,200 --> 00:45:30,560 took 15 minutes. Yeah. 832 00:45:30,560 --> 00:45:32,440 So, I mean, it's nothing crazy. Sorry. 833 00:45:32,440 --> 00:45:34,600 Go ahead. Are they getting Bitcoin in 834 00:45:34,600 --> 00:45:36,960 their Robin Hood wallets as the prize then? 835 00:45:37,440 --> 00:45:39,400 Yeah. So they'll be sent the Bitcoin. 836 00:45:39,600 --> 00:45:41,560 They have to. They basically have to I think 837 00:45:41,560 --> 00:45:44,480 claim the prize within 30 days or it expires. 838 00:45:44,760 --> 00:45:46,080 I don't know if they were sent it already. 839 00:45:46,080 --> 00:45:48,160 I think the terms and conditions indicated it would be sent 840 00:45:48,160 --> 00:45:52,040 within the 1st 5 days and they'd be notified. 841 00:45:52,040 --> 00:45:54,760 I was not a winner so I can't tell you the exact details on 842 00:45:54,760 --> 00:45:58,480 how it unfolded, but they did indicate they asked 615 people 843 00:45:58,480 --> 00:46:01,240 won and yet they have another one coming today. 844 00:46:01,240 --> 00:46:04,960 And then the nice part, I guess there's a consolation prize for 845 00:46:04,960 --> 00:46:07,800 gold members, right? The premium subscription is even 846 00:46:07,800 --> 00:46:11,760 if you don't when you get an undisclosed amount of Dogecoin 847 00:46:12,280 --> 00:46:16,680 as a prize. So yeah, I reached out to a 848 00:46:16,680 --> 00:46:19,400 representative for Robin Hood. They we're, we're not able to 849 00:46:19,400 --> 00:46:22,600 provide me a, a detail on exactly how much Dogecoin 850 00:46:22,600 --> 00:46:25,960 someone may be able to expect. But nevertheless, if you do play 851 00:46:25,960 --> 00:46:30,120 today as a Robin Hood Gold member, you're eligible for the 852 00:46:30,120 --> 00:46:33,040 Bitcoin prize assuming you win. But then even if you don't win, 853 00:46:33,120 --> 00:46:35,000 you'll get some Dogecoin as a result, so. 854 00:46:35,640 --> 00:46:38,160 This is kind of an interesting onboarding mechanism, right? 855 00:46:38,160 --> 00:46:42,000 So like Robin Hood tech tapping into their audience, folks who 856 00:46:42,080 --> 00:46:46,400 who like to trade already and you win some trivia, you win 857 00:46:46,400 --> 00:46:47,840 some Bitcoin, maybe hold on to it. 858 00:46:48,440 --> 00:46:50,160 Yeah, it was pretty. It was pretty cool. 859 00:46:50,160 --> 00:46:52,040 I mean, I played a little bit of HQ trivia. 860 00:46:52,040 --> 00:46:54,920 Not a lot. Like I said, it's the exact same 861 00:46:54,920 --> 00:46:56,040 flow. It's fun. 862 00:46:56,080 --> 00:46:59,080 It's like it was really quick. You know, there's nothing weird 863 00:46:59,080 --> 00:47:00,760 about it. No entry cost. 864 00:47:02,360 --> 00:47:04,240 You know, it wasn't like super informative. 865 00:47:04,240 --> 00:47:06,880 There were a couple crypto questions about like how many, 866 00:47:06,880 --> 00:47:10,160 what's the total Bitcoin supply? What does HODL stand for? 867 00:47:10,280 --> 00:47:12,720 When was Dogecoin created? Things like that. 868 00:47:14,720 --> 00:47:16,680 Nothing crazy, but still pretty cool. 869 00:47:16,800 --> 00:47:19,480 Pretty cool little headline, $2,000,000 given away. 870 00:47:19,480 --> 00:47:21,280 I mean, that's, that's not, that's not the scoff at, that's, 871 00:47:21,280 --> 00:47:23,760 that's pretty nice. I may have to sign up and turn 872 00:47:23,760 --> 00:47:25,000 to play. Well, I'm not a Gold member, 873 00:47:25,080 --> 00:47:26,440 damn it. All right, well. 874 00:47:26,760 --> 00:47:29,120 You can become a gold member. There was no snapshot. 875 00:47:30,320 --> 00:47:32,160 Very true. I want to keep moving. 876 00:47:32,160 --> 00:47:37,160 A few minutes left yesterday, Mando made it a point to to mock 877 00:47:37,160 --> 00:47:41,160 those who chose the punk side of the punk versus Bitcoin trade. 878 00:47:41,160 --> 00:47:44,640 And some people took that personally and went out and 879 00:47:44,640 --> 00:47:49,560 bought up a lot of crypto punks. So the the floor, I think 20, 880 00:47:49,600 --> 00:47:51,600 Let's see, how many sales did we get yesterday? 881 00:47:51,800 --> 00:47:57,680 20 In the past two days now we've got 28 punk sales, some 882 00:47:57,680 --> 00:48:00,200 nice ones moving. So it kind of started with a 883 00:48:00,200 --> 00:48:04,400 nice little stretch of aesthetic punk sales and then the the 884 00:48:04,400 --> 00:48:09,680 floor moved after that. So we saw another 10 or so get 885 00:48:09,680 --> 00:48:12,040 get picked up off the floor punks. 886 00:48:12,040 --> 00:48:17,560 Now back to let's see what do we got. 37.9 ETH, 86 six. 887 00:48:17,880 --> 00:48:22,520 So still trailing Bitcoin by about 5%, but tightening the gap 888 00:48:22,520 --> 00:48:24,720 because the gap had gotten fairly large there. 889 00:48:24,720 --> 00:48:29,160 It was closer to about 15 to 20% punks moving up. 890 00:48:29,800 --> 00:48:32,880 This feels like one of these battles that only you care about 891 00:48:32,880 --> 00:48:34,120 you. Know what I mean? 892 00:48:34,440 --> 00:48:37,160 You know we are managing the punk Bitcoin spread trade. 893 00:48:41,240 --> 00:48:43,200 It's just so funny to watch you. Is it? 894 00:48:43,200 --> 00:48:45,160 Like you actually post quite a lot about it. 895 00:48:46,160 --> 00:48:49,920 Yes, I I find it funny. I think it's an interesting 896 00:48:49,920 --> 00:48:54,800 spread to to America as well and. 897 00:48:54,800 --> 00:48:57,440 It'd be a good thing for Myriad. Definitely a good. 898 00:48:57,560 --> 00:49:00,240 Thing for Myriad. Shout out a couple while we're 899 00:49:00,240 --> 00:49:03,480 on that note, Myriad, we know the money markets are coming 900 00:49:03,480 --> 00:49:05,600 soon, very soon. We don't know when that is, but 901 00:49:05,600 --> 00:49:09,760 it's very soon. And I saw a stack 23% of 902 00:49:09,760 --> 00:49:13,160 abstract transactions were done on Myriad huge. 903 00:49:14,360 --> 00:49:16,520 So, so shout out to the Myriad crew and just keeping that 904 00:49:16,520 --> 00:49:20,000 platform up. That is a a huge chunk of those 905 00:49:20,000 --> 00:49:21,440 transactions. So we'll be looking out for 906 00:49:21,440 --> 00:49:24,080 that. And yes, maybe I can get my punk 907 00:49:24,080 --> 00:49:29,760 Bitcoin line live on the money markets here soon. 908 00:49:31,320 --> 00:49:32,680 Logie, what else? Before we wrap up the show? 909 00:49:32,680 --> 00:49:35,200 Oh, I guess quickly around the horn on some mean coin stuff. 910 00:49:35,200 --> 00:49:40,200 We touched on this a little bit yesterday on the Solana streets. 911 00:49:40,200 --> 00:49:43,400 It it still seems like Puiz is kind of like the top dog. 912 00:49:43,400 --> 00:49:45,040 It looks like it might be dead. It's coming. 913 00:49:45,040 --> 00:49:48,680 It's it's fighting a little bit. It's hanging out at at 21 914 00:49:48,680 --> 00:49:54,280 million in the AVAC streets. It's all priest tales, the blub 915 00:49:54,280 --> 00:49:58,880 token doing very well. Still hanging out at 77 million, 916 00:49:58,880 --> 00:50:03,080 still down from about 100 million peak, but but still 917 00:50:03,080 --> 00:50:05,520 hanging out. That's a 77 X for anyone who was 918 00:50:05,520 --> 00:50:09,560 in the pre sale. Did see our first sign that OK, 919 00:50:09,560 --> 00:50:12,080 maybe not every pre sale is going to be a massive cook. 920 00:50:12,080 --> 00:50:16,800 So this Albert coin came out launched I think it's another 921 00:50:16,800 --> 00:50:20,720 1,000,000 baseline pre sale round went straight to 13 and 922 00:50:21,160 --> 00:50:24,920 then down only so low. Give me a quick thoughts. 923 00:50:25,040 --> 00:50:29,920 AVAX pre sales is meta over was Albert just perhaps not the the 924 00:50:29,920 --> 00:50:31,520 strongest one? What's your What's your read on 925 00:50:31,520 --> 00:50:32,960 this? Yeah, it's interesting. 926 00:50:32,960 --> 00:50:35,800 I I'm really surprised that so many of these have just been 927 00:50:35,800 --> 00:50:40,800 like straight up like first one, second one, OK, but third, 928 00:50:40,800 --> 00:50:44,040 fourth was Albert, like the fifth one maybe. 929 00:50:44,040 --> 00:50:47,360 I don't know. Is it over? 930 00:50:50,640 --> 00:50:55,200 Probably not. I don't, I don't know. 931 00:50:55,200 --> 00:50:57,360 I don't have a strong opinion. I mean, I think we'll continue 932 00:50:57,360 --> 00:50:59,680 to see them come. I I think the performance from 933 00:50:59,680 --> 00:51:03,760 these tokens, it's got to start being like the little descending 934 00:51:03,760 --> 00:51:05,400 loops thing I would think after a while. 935 00:51:05,920 --> 00:51:07,920 That's why I don't know what this pharaoh token is. 936 00:51:07,960 --> 00:51:10,560 I saw someone posting with this. This Sparrow went nuts. 937 00:51:10,720 --> 00:51:14,680 Is that a dex type thing? Or no, the native liquidity 938 00:51:14,680 --> 00:51:17,280 layer on AVAX, Yeah. So for whatever reason, that's 939 00:51:17,280 --> 00:51:21,760 up 73% today. I think what threw me off a 940 00:51:21,760 --> 00:51:23,840 little bit about the presale of blood was incredibly strong. 941 00:51:23,840 --> 00:51:26,600 Shout out to anyone who got in. Clearly that was the great play. 942 00:51:27,560 --> 00:51:30,600 It basically displaced wink. So wink was the number two wink 943 00:51:30,600 --> 00:51:32,400 now just totally falling off a Cliff. 944 00:51:32,400 --> 00:51:35,400 So I think there's some signs that not all of these are going 945 00:51:35,400 --> 00:51:40,520 to be able to be supported. KET still hanging out very high 946 00:51:40,520 --> 00:51:44,720 still at 300 million, about 40% off peak. 947 00:51:45,120 --> 00:51:48,400 So we'll see. I think some presales can still 948 00:51:48,400 --> 00:51:51,240 cook, but they just need to be. They need to slow it down it. 949 00:51:51,240 --> 00:51:55,160 Reminds me, it reminds me a little bit of that, that period 950 00:51:55,160 --> 00:51:59,200 in time in NFTS where it was just like all those like cute 951 00:51:59,200 --> 00:52:01,520 meta, you know what I mean? Like all these presales are the 952 00:52:01,520 --> 00:52:02,320 same thing. It's just like. 953 00:52:02,320 --> 00:52:04,640 A new little. Yeah, it's like a new little 954 00:52:04,640 --> 00:52:08,040 character. I I mean, that's not a bad 955 00:52:08,040 --> 00:52:09,800 thing. I like the looks of all of them, 956 00:52:11,160 --> 00:52:12,520 but it's just I don't. I don't know. 957 00:52:12,800 --> 00:52:16,240 That's why I think it I lead to the descending loops thing. 958 00:52:16,240 --> 00:52:18,840 It's like how many times can you keep doing the exact same thing? 959 00:52:20,640 --> 00:52:22,320 I don't know. Not a ton of volume. 960 00:52:22,840 --> 00:52:25,760 I mean, I guess I'm kind of bi, I'm just biased from. 961 00:52:25,920 --> 00:52:30,800 Anchored to Solana Volume I. Guess but clearly enough to to 962 00:52:30,800 --> 00:52:35,120 move these tokens. So we will continue to to see 963 00:52:35,120 --> 00:52:41,160 what happens in AVAX real quick. Henlow, do you ever read on this 964 00:52:41,160 --> 00:52:44,960 Henlo situation? So disclosure, I own some Henlo. 965 00:52:44,960 --> 00:52:47,480 I was air drop some as a honeycomb older. 966 00:52:48,520 --> 00:52:51,960 I have not been super actively paying attention to the discord. 967 00:52:51,960 --> 00:52:53,720 I get ping a bunch of pings in there. 968 00:52:55,360 --> 00:52:57,760 But yeah, this is so I'm not sure how much people know, but 969 00:52:57,760 --> 00:53:01,520 this is the the Berra chain version of Henlo comes from the 970 00:53:01,960 --> 00:53:06,600 from Jenny or Johnny the Honeycombs honey jar. 971 00:53:06,600 --> 00:53:09,360 You know, just like really, really deep community members 972 00:53:09,520 --> 00:53:11,840 and builders in the bear chain ecosystem. 973 00:53:11,880 --> 00:53:15,560 This is sort of the the incubated meme coin of choice. 974 00:53:15,560 --> 00:53:18,680 I think they actually had a siege round for this meme coin. 975 00:53:19,760 --> 00:53:24,320 They had like the ability to like to buy options on this at 976 00:53:24,320 --> 00:53:28,560 like a 6.9 million FDV. There's like an O Hemlo thing. 977 00:53:28,560 --> 00:53:32,720 There was a very widespread community points system as well 978 00:53:32,720 --> 00:53:35,560 for ETH communities, Solana communities, things like that. 979 00:53:38,520 --> 00:53:41,920 Future plans I don't really know too much about at this point in 980 00:53:41,920 --> 00:53:47,120 time, but Ferrochain and the communities there are crazy as 981 00:53:47,120 --> 00:53:49,600 we've seen, you know, they've spent what, three years building 982 00:53:49,600 --> 00:53:52,240 that thing and, and so many people stuck to their guns and 983 00:53:52,520 --> 00:53:55,040 really rallied around it. And, and despite what initial 984 00:53:55,040 --> 00:53:58,320 sell off, like it's still holding pretty well all things 985 00:53:58,320 --> 00:54:00,120 considered, given the market volatility. 986 00:54:00,480 --> 00:54:03,960 So it would not shock me to see a meme coin do really, really 987 00:54:03,960 --> 00:54:06,160 well there or like a, you know, a community coin, whatever you 988 00:54:06,160 --> 00:54:07,520 want to call that do really well. 989 00:54:07,520 --> 00:54:12,400 There's a very rabid community surrounding the Bera ecosystem. 990 00:54:12,760 --> 00:54:15,440 Hopefully it is Henlo because I do own some, again, Full 991 00:54:15,440 --> 00:54:18,120 disclosure. But other than that, I, you 992 00:54:18,120 --> 00:54:19,480 know, I don't know too much about it. 993 00:54:19,520 --> 00:54:22,520 Of course some confusion with the competing Henlo, which I 994 00:54:22,520 --> 00:54:25,600 also own on base from on chain Gaias and stuff. 995 00:54:26,640 --> 00:54:28,760 But yeah, I think that's been the the more interesting part in 996 00:54:28,760 --> 00:54:31,920 the whole like PvP aspect of the the two Henlo tokens. 997 00:54:33,600 --> 00:54:37,400 But it it looks like yeah, send them both up. 998 00:54:37,840 --> 00:54:41,720 Send them both up, yeah. I think that's a a good note to 999 00:54:41,720 --> 00:54:44,640 end the show on. We went around the horn folks. 1000 00:54:44,760 --> 00:54:48,760 Are coins still doing well here? So, so shaking off the the macro 1001 00:54:48,760 --> 00:54:52,800 stocks dip here this morning ahead of tomorrow's crypto 1002 00:54:52,800 --> 00:54:54,480 summit. So I'm sure we'll be talking 1003 00:54:54,480 --> 00:54:56,600 more about that. Still a little TBD if we're 1004 00:54:56,600 --> 00:54:58,840 going to have Farooq back with us tomorrow or not. 1005 00:54:58,840 --> 00:55:02,080 We would love to get a first hand report from him. 1006 00:55:02,080 --> 00:55:04,840 We are also in the works and maybe having a big guest 1007 00:55:04,960 --> 00:55:05,680 tomorrow. We'll see. 1008 00:55:05,680 --> 00:55:07,840 That's not 100% confirmed yet either. 1009 00:55:08,200 --> 00:55:11,320 We will keep you posted. But for today, that's going to 1010 00:55:11,320 --> 00:55:12,720 be it. That is our show. 1011 00:55:12,720 --> 00:55:15,640 We want to thank our listeners, want to thank my coach, want to 1012 00:55:15,640 --> 00:55:17,840 thank our partners. As always, we'll be back 1013 00:55:17,840 --> 00:55:21,400 tomorrow at 10:00 AM Eastern. Till then, go make it a great 1014 00:55:21,400 --> 00:55:21,560 day.