1 00:00:00,040 --> 00:00:01,440 Yo-yo, what up? What up? 2 00:00:01,520 --> 00:00:02,920 Good morning. Good morning. 3 00:00:02,920 --> 00:00:11,920 GMG Thursday. Oh yeah, my favorite day of the 4 00:00:11,920 --> 00:00:18,920 week, May 16th, 2020. Look at that. 5 00:00:18,960 --> 00:00:21,480 Another beautiful day to have. A beautiful day. 6 00:00:22,320 --> 00:00:25,400 Oh yeah, another day to have a bunch of inflows. 7 00:00:25,720 --> 00:00:27,960 Bears in disbelief. You love to see. 8 00:00:29,560 --> 00:00:34,400 I love the smell of bears getting smoked on the grill in 9 00:00:34,400 --> 00:00:36,720 the morning. I got my Co host in the house, 10 00:00:37,560 --> 00:00:41,640 Tyler. I was going to say OK Tyler I 11 00:00:41,800 --> 00:00:44,280 was. So I was like I got my Co host 12 00:00:44,280 --> 00:00:47,160 in the house. Tyler Mendo, How you guys doing 13 00:00:47,160 --> 00:00:49,760 this morning? Good, man. 14 00:00:49,760 --> 00:00:51,520 It's Green Day. And guess what? 15 00:00:51,600 --> 00:00:52,760 There's actually news to talk about. 16 00:00:52,920 --> 00:00:55,520 Let's talk about Fantasy Top for for 90 minutes today. 17 00:00:55,560 --> 00:00:56,800 And I'm excited about that. There's. 18 00:00:56,880 --> 00:00:58,440 Actually, a lot of stuff to cover today. 19 00:00:58,440 --> 00:00:59,760 You absolutely love to see that, Mando. 20 00:00:59,760 --> 00:01:01,680 How you doing? I'm doing great, man. 21 00:01:01,800 --> 00:01:04,319 Yeah, another good day. Yeah, yeah. 22 00:01:04,519 --> 00:01:07,040 Another very good day. I mean, I'm opening the show 23 00:01:07,040 --> 00:01:10,240 this morning and everything's up aside from Etherium and with, 24 00:01:10,640 --> 00:01:15,160 but that's OK, That's another conversation, I'm sure. 25 00:01:15,160 --> 00:01:18,120 Well, I'm sure we'll we'll we'll get to that. 26 00:01:18,120 --> 00:01:21,560 Anyways, today on the show today, let me pin this and I'll 27 00:01:21,560 --> 00:01:24,120 post a broadcast in a second. Just a reminder, reminder, 28 00:01:24,120 --> 00:01:26,000 Reminder, 'cause I know we picked up some folks from from 29 00:01:26,000 --> 00:01:27,960 your show. Tyler, we're live every single 30 00:01:27,960 --> 00:01:32,160 day, Monday to Friday, 10:00 AM to 10:50 and we put we're live 31 00:01:32,160 --> 00:01:34,200 on video and audio. So if you go to YouTube, if you 32 00:01:34,200 --> 00:01:36,400 want to watch on YouTube directly, you can catch us on 33 00:01:36,400 --> 00:01:39,600 the rock video, YouTube. Just search rock radio or 34 00:01:39,600 --> 00:01:41,440 whatever. We're live on balance, live 35 00:01:41,440 --> 00:01:44,680 every morning and we're also live every single day on X. 36 00:01:44,680 --> 00:01:47,600 So we usually post a broadcast link on the phone wire account, 37 00:01:47,960 --> 00:01:50,920 myself, Mando, Tyler as soon as as soon as we have it. 38 00:01:50,920 --> 00:01:53,880 So I'm posting it right now so you can catch us live on video, 39 00:01:53,880 --> 00:01:56,760 which usually is an experience that's in my opinion like 10 40 00:01:56,760 --> 00:02:01,120 times better than audio only, but of course depends on the 41 00:02:01,120 --> 00:02:03,120 person. Anyways, today on the show, 42 00:02:03,120 --> 00:02:06,600 today, today, daily market report, crypto macro, all that 43 00:02:06,600 --> 00:02:09,800 good stuff ETF seeing $300 million of inflows highest in 44 00:02:09,800 --> 00:02:11,560 weeks We'd love to see. It looks like we're going to be 45 00:02:12,040 --> 00:02:14,560 into for more crypto totally pumped for one reason. 46 00:02:14,560 --> 00:02:17,440 One reason only. Andrew Tate announced that he 47 00:02:17,440 --> 00:02:22,960 will be moving his wealth of $100 million into into Bitcoin, 48 00:02:22,960 --> 00:02:24,920 right? So that's totally why we pumped 49 00:02:25,440 --> 00:02:27,200 yesterday. Sources. 50 00:02:27,880 --> 00:02:31,040 Trust me, bro. Salvador owned 6000 ETH. 51 00:02:31,040 --> 00:02:34,160 Now Bitcoin. Sorry, definitely not ETH. 52 00:02:34,160 --> 00:02:36,280 That would put like $6000 on the balance sheet. 53 00:02:36,480 --> 00:02:38,560 Anyway, Salvador owns a lot of Bitcoin. 54 00:02:38,560 --> 00:02:40,960 Millennium, one of the biggest hedge funds in the world. 55 00:02:41,000 --> 00:02:44,160 Put 3% of the of the book in the in Bitcoin ETFs. 56 00:02:44,600 --> 00:02:47,080 Yeah, and you're selling your Bitcoin Aenon. 57 00:02:47,240 --> 00:02:49,600 Anyways, we have a bunch of stuff on that front. 58 00:02:49,600 --> 00:02:51,760 Alts, memes and dreams. I mean, we're going to have a 59 00:02:51,760 --> 00:02:53,040 conversation today about two things. 60 00:02:53,600 --> 00:02:55,560 NF TS. We got to catch up on NF TS. 61 00:02:55,560 --> 00:02:58,240 It's been a while and we got like the the master of all these 62 00:02:58,240 --> 00:02:59,800 stats on on the show with us now. 63 00:02:59,800 --> 00:03:00,960 So Tyler can run us through that. 64 00:03:00,960 --> 00:03:04,760 But also Blast, I saw Mando, you put a tweet out this morning 65 00:03:04,760 --> 00:03:08,400 about the Wells markets and also behind the scenes in the Stewie, 66 00:03:08,400 --> 00:03:10,240 we're having this conversation about BLAST. 67 00:03:10,400 --> 00:03:12,560 What happens now? What are the predictions? 68 00:03:12,560 --> 00:03:13,920 Is this bullish, is this bearish? 69 00:03:13,920 --> 00:03:17,280 So I think it'll be good to have a more like organized combo 70 00:03:17,280 --> 00:03:21,600 around like BLAST and then of course where we're at in terms 71 00:03:21,600 --> 00:03:25,840 of NFTS and of course some memes we'll we'll we'll mention that 72 00:03:25,840 --> 00:03:27,920 are that are definitely doing pretty good as well as the 73 00:03:27,920 --> 00:03:31,680 ordinals run side that had quite the quite the pump yesterday. 74 00:03:31,800 --> 00:03:33,760 And then last but not least we'll be joined by show partner 75 00:03:33,760 --> 00:03:36,360 today city verse city Verse which is actually pretty 76 00:03:36,360 --> 00:03:38,040 freaking cool. They'll be joining us on audio 77 00:03:38,040 --> 00:03:41,520 only but I'll show some stuff on the screen as well think on 78 00:03:41,520 --> 00:03:44,200 chain think Monopoly hell yeah love to see that. 79 00:03:44,320 --> 00:03:49,040 Anyways, as usual this show is presented by Mumpay by Style 80 00:03:49,040 --> 00:03:53,000 Crypto with PayPal down the Moon pay app and and and and fair 81 00:03:53,000 --> 00:03:56,440 side network wallet coverage for drain scams and more. 82 00:03:56,440 --> 00:04:00,160 So here's the deal, you buy your crypto on moon pay on PayPal 83 00:04:00,160 --> 00:04:04,440 using the moon pay app right? Super easy but then but then you 84 00:04:04,440 --> 00:04:06,680 got to insure it insure your shit right because you you're 85 00:04:06,680 --> 00:04:08,840 getting super rich using all this crypto stuff. 86 00:04:09,120 --> 00:04:11,600 Make sure you get well insurance with fair side network. 87 00:04:11,600 --> 00:04:15,360 But anyways anyways anyways I definitely want to get into the 88 00:04:15,360 --> 00:04:17,200 market part because it's actually fun. 89 00:04:17,440 --> 00:04:19,200 I look at price. Good price. 90 00:04:29,440 --> 00:04:32,400 Can you dig it? Yeah, GM look, good day. 91 00:04:33,160 --> 00:04:35,160 We finally broke out of that Channel. 92 00:04:35,800 --> 00:04:41,120 We had a kind of benign figure for CPI and then just some 93 00:04:41,120 --> 00:04:43,120 decent inflows seemed to come in straight after it. 94 00:04:43,120 --> 00:04:44,560 So we got 300 million of inflows. 95 00:04:44,920 --> 00:04:46,600 Again that was the highest in in weeks. 96 00:04:47,720 --> 00:04:50,240 Interestingly it wasn't really driven by BlackRock, it was 97 00:04:50,240 --> 00:04:54,680 driven by fidelity today. But yeah, just a very, very big 98 00:04:54,680 --> 00:04:57,720 inflow day and and Bitcoin kind of led the charge I think. 99 00:04:57,720 --> 00:05:01,840 Bitcoin was up about 7% at once, says yesterday. 100 00:05:03,560 --> 00:05:07,960 And most things started to follow I would say. 101 00:05:07,960 --> 00:05:10,840 So Solana was the main thing, Theorem didn't really. 102 00:05:10,840 --> 00:05:14,520 It's still kind of where we actually were on the show 103 00:05:14,520 --> 00:05:16,960 yesterday now, right? Like it's it's kind of fully 104 00:05:16,960 --> 00:05:19,320 kind of come back to where where it was when we were doing the 105 00:05:19,320 --> 00:05:23,960 show or there or thereabouts maybe like one 1% higher, but 106 00:05:24,800 --> 00:05:30,080 which is kind of as predicted And then you had memes has been 107 00:05:30,080 --> 00:05:32,440 a bit of a mixed bag. I would say like Pepe and Whiff 108 00:05:32,440 --> 00:05:34,800 haven't really done that well, but a bunch of Solana meme coins 109 00:05:34,800 --> 00:05:37,920 kind of bounced significantly. You had a bunch of the ones 110 00:05:37,920 --> 00:05:44,040 related to the to Tramp Trump load and they all bounced after 111 00:05:44,040 --> 00:05:48,000 the debates were announced. A decent amount, but yeah, kind 112 00:05:48,000 --> 00:05:49,840 of a mixed bag for mean coins. And then you had a bunch of 113 00:05:49,840 --> 00:05:53,000 altcoins also move. So just a stronger day. 114 00:05:53,160 --> 00:05:55,760 It still feels like Bitcoin was probably the biggest winner. 115 00:05:55,760 --> 00:06:00,720 Beta adjusted there yesterday on all those different inflows, I 116 00:06:00,720 --> 00:06:02,920 don't really think there's really that much to add on a 117 00:06:02,920 --> 00:06:05,280 macro side. We said, you know, there's 118 00:06:05,280 --> 00:06:08,040 nothing else showing up in the data which says that, you know, 119 00:06:08,040 --> 00:06:10,760 crypto should be singularly lower. 120 00:06:11,040 --> 00:06:14,840 You saw stocks hit all time highs yesterday and I believe 121 00:06:14,880 --> 00:06:17,400 they've hit all time highs again today already. 122 00:06:17,400 --> 00:06:21,960 So just a strong period. Yeah, they're they're higher 123 00:06:21,960 --> 00:06:24,360 again today. So yeah, just a strong period 124 00:06:24,400 --> 00:06:29,040 for for global markets, which has helped bitcoins reacted the 125 00:06:29,040 --> 00:06:31,120 best, I feel like probably alongside Solana. 126 00:06:31,480 --> 00:06:33,920 And then you've had a bunch of altcoins which have kind of 127 00:06:33,920 --> 00:06:37,080 risen, I say, from the dead really over the last 24 hours. 128 00:06:37,480 --> 00:06:40,360 And I would say meme coins has been a mixed bag. 129 00:06:40,360 --> 00:06:42,680 Weirdly, some of the bigger meme coins haven't done as well over 130 00:06:42,680 --> 00:06:46,760 the last 24 hours. Yeah, it is, it is interesting. 131 00:06:47,120 --> 00:06:50,360 Look, love to see Bitcoin here back above $66,000. 132 00:06:50,360 --> 00:06:51,560 What do we peak at this time around? 133 00:06:51,560 --> 00:06:55,200 It was 66, four I think this morning from 61. 134 00:06:55,600 --> 00:06:59,280 So huge, huge sentiment shift on the timeline. 135 00:06:59,680 --> 00:07:00,760 Who could have, who could have known? 136 00:07:00,760 --> 00:07:02,280 Who could have known? Listen, if you listen to this 137 00:07:02,280 --> 00:07:03,920 show, you know we're we're pretty bullish. 138 00:07:03,920 --> 00:07:05,880 I mean Manda was out here. Was it Tuesday? 139 00:07:06,120 --> 00:07:08,200 You were like, dude, everything's doing good. 140 00:07:08,280 --> 00:07:11,440 Gold is doing good. You know, the markets are doing 141 00:07:11,440 --> 00:07:12,680 good. They're hitting all time highs 142 00:07:12,680 --> 00:07:15,320 every single day. And you know, you said you don't 143 00:07:15,320 --> 00:07:17,640 agree with the sentiment and and look at what happens. 144 00:07:17,640 --> 00:07:21,240 Just what was it 24 hours later and then back-to-back another 24 145 00:07:21,240 --> 00:07:24,200 hours later and here we are above $66,000. 146 00:07:24,200 --> 00:07:26,520 We're pretty comfy on the theorem side though. 147 00:07:26,520 --> 00:07:28,560 Mando, what what do you think of the theorem trade here? 148 00:07:28,640 --> 00:07:31,080 I mean it's it's looks like it's, you know, quite lagging. 149 00:07:31,640 --> 00:07:36,440 Of course the ECM, the ECTF, right, is majorly, most people 150 00:07:36,440 --> 00:07:38,320 are saying denial. Obviously we don't know yet, but 151 00:07:38,320 --> 00:07:39,400 it's pretty much leading that way. 152 00:07:39,400 --> 00:07:41,160 So that's not priced in at this stage. 153 00:07:42,000 --> 00:07:43,520 What what do you think of the Ethereum trade here? 154 00:07:43,520 --> 00:07:47,880 Because it's affecting a lot of other coins like L twos, right? 155 00:07:49,080 --> 00:07:53,480 Yeah, Soul EVE and Bitcoin EVE both had retraced slightly and 156 00:07:53,480 --> 00:07:55,640 then they they bounced pretty aggressively. 157 00:07:57,160 --> 00:08:00,120 So I think Solano is up about 20% over the last week versus 158 00:08:00,120 --> 00:08:02,880 Bitcoin versus EVE. Yeah. 159 00:08:02,880 --> 00:08:06,920 So look at that like that we're right back to the local highs 160 00:08:06,920 --> 00:08:11,800 there and it feels like that could maybe even push on for and 161 00:08:11,800 --> 00:08:17,320 Bitcoin ETH similarly it looks yeah but yeah normally look at 162 00:08:17,320 --> 00:08:19,880 people look at the inverse but yeah it's it's not. 163 00:08:21,000 --> 00:08:22,480 Like, ETC. There you go. 164 00:08:22,520 --> 00:08:23,160 There you go. Sorry. 165 00:08:23,240 --> 00:08:24,640 Boom. Oh, wow. 166 00:08:24,920 --> 00:08:26,520 Like, that's just a horrific chart. 167 00:08:27,680 --> 00:08:31,640 So I think if you're an ETH, ETH Maxi right now it's been a very 168 00:08:31,640 --> 00:08:36,159 painful period because you just don't the periods of the periods 169 00:08:36,159 --> 00:08:40,720 of two of it outperforming just haven't really remained and 170 00:08:40,919 --> 00:08:42,960 that's that's seems to be a persistent thing. 171 00:08:42,960 --> 00:08:46,560 So I look at, I look at strength on these sort of days, you know 172 00:08:46,680 --> 00:08:49,160 like you look at strength after a period of weakness what bounce 173 00:08:49,160 --> 00:08:54,080 is the strongest and I like I'm probably going to like those 174 00:08:54,080 --> 00:08:55,400 coins. So I definitely, I definitely 175 00:08:55,400 --> 00:08:58,720 looked at that. I think the E*Trade is very 176 00:08:58,720 --> 00:09:00,760 difficult. I'm I'm largely out of it. 177 00:09:01,280 --> 00:09:04,640 I have some, and every time I'm in it, I feel like it's going to 178 00:09:04,640 --> 00:09:07,640 be the rebound. Like I know it because I kind of 179 00:09:07,640 --> 00:09:09,840 tricked myself into being like, Oh yeah, this is the time. 180 00:09:10,400 --> 00:09:14,080 And then it just never really rebounds. 181 00:09:14,080 --> 00:09:17,760 Rebounds for like more than two, three days. 182 00:09:17,760 --> 00:09:20,960 Like I'm and. It was like, right, this is the 183 00:09:20,960 --> 00:09:24,440 time. And then it just rugs you again. 184 00:09:24,600 --> 00:09:27,320 It just rugs you. So I'm very frustrated. 185 00:09:27,320 --> 00:09:30,400 I think a lot of people are frustrated by that trade right 186 00:09:30,400 --> 00:09:32,040 now. It was funny. 187 00:09:32,040 --> 00:09:34,200 I feel like this whole cycle, this has been the trend. 188 00:09:34,320 --> 00:09:36,880 Remember like we used to you and I like talk with OV about like 189 00:09:37,080 --> 00:09:39,800 how we try the long ETH and it was just like bashing your head 190 00:09:39,800 --> 00:09:43,360 against the wall. It was like we used to try. 191 00:09:43,360 --> 00:09:46,600 We've tried this long so many times at the beginning of the 192 00:09:46,640 --> 00:09:48,560 cycle and it just never took off. 193 00:09:48,560 --> 00:09:51,400 And then eventually of course ETH caught up to like Solana 194 00:09:51,400 --> 00:09:53,840 going much higher in Bitcoin. But that ETH trade has been 195 00:09:53,840 --> 00:09:54,880 tough. How do you think this affects 196 00:09:54,880 --> 00:09:56,840 the entire ecosystem? And like and then of course 197 00:09:56,840 --> 00:09:58,600 we're going to have go deeper into the whole blast 198 00:09:58,600 --> 00:10:01,320 conversation on the show today. But like, how do you how do you 199 00:10:01,320 --> 00:10:02,560 think this effects everything else? 200 00:10:02,560 --> 00:10:05,720 Man, it's it seems to trickling to be trickling down to a lot of 201 00:10:05,720 --> 00:10:09,560 the coins, right? Yeah, I think ETH ETH not doing 202 00:10:09,560 --> 00:10:12,640 well is probably not great for crypto because it has a really 203 00:10:12,640 --> 00:10:15,640 big ecosystem at the same time and it's affected a lot of 204 00:10:15,640 --> 00:10:18,560 different coins. So at the moment like this bull 205 00:10:18,560 --> 00:10:22,440 market has really been for Solana and meme coins and 206 00:10:22,440 --> 00:10:26,440 Bitcoin not not much else has really caught up because a lot 207 00:10:26,440 --> 00:10:27,840 of other stuff is related to ETH. 208 00:10:27,920 --> 00:10:30,640 So it's been it's been a relatively painful one. 209 00:10:31,160 --> 00:10:35,760 I I think it's frustrating. I think it it points to a 210 00:10:37,680 --> 00:10:43,440 difficulty in long term crypto investing in that people like 211 00:10:43,440 --> 00:10:45,640 even with Solana right now. I know everyone's like Max blows 212 00:10:45,640 --> 00:10:49,360 on Solana, but you have to understand the logic. 213 00:10:49,360 --> 00:10:54,040 Could also mean that you know next cycle Solana also gets 214 00:10:55,240 --> 00:10:56,280 challenged. It is next. 215 00:10:56,400 --> 00:11:00,360 Cycle, new chain. So I think it's something to be 216 00:11:00,360 --> 00:11:03,400 said about that. I felt like that when we were 217 00:11:03,400 --> 00:11:06,800 investing, investing in NFTS like you want long term winners, 218 00:11:06,800 --> 00:11:12,400 but when you're at like the bleeding edge of tech, then 219 00:11:12,960 --> 00:11:15,800 sometimes those winners just can't keep up. 220 00:11:16,120 --> 00:11:19,920 It's also not like investing in Apple or Google or something 221 00:11:19,920 --> 00:11:24,240 like that, who can, like, reinvent themselves and perhaps 222 00:11:24,240 --> 00:11:26,560 keep up. These like L ones are slow and 223 00:11:26,560 --> 00:11:28,840 moving beasts. Like how long did it take for 224 00:11:28,840 --> 00:11:32,360 ETH to do, like, its upgrades? And by the time it's starting to 225 00:11:32,360 --> 00:11:35,000 execute on the plan that it kind of has had for multiple, 226 00:11:35,000 --> 00:11:39,560 multiple years, it suddenly kind of seems behind the game. 227 00:11:39,560 --> 00:11:41,560 Do you know what I mean? Like it's suddenly like, well, 228 00:11:41,880 --> 00:11:44,240 yeah, the L2 infrastructure is being built out, but then 229 00:11:44,240 --> 00:11:47,920 there's not enough users, so the burn hasn't kept up. 230 00:11:47,920 --> 00:11:49,520 So now you have an inflationary asset again. 231 00:11:49,520 --> 00:11:52,400 It's like so this is something to be aware of. 232 00:11:52,440 --> 00:11:56,600 Bitcoin is the only real thing that continues to survive each 233 00:11:56,600 --> 00:11:58,680 cycle and and and kind of go from strength to strength. 234 00:11:58,680 --> 00:12:01,480 So I'm not saying it's the death of EVE. 235 00:12:01,480 --> 00:12:05,240 I think you can still be very bullish on EVE, but I think it 236 00:12:05,240 --> 00:12:10,280 points to the idea that block chains at least L ones are they 237 00:12:10,280 --> 00:12:13,960 can be quite transitory in their outperformance and by transitory 238 00:12:13,960 --> 00:12:16,480 that could be years. You know, EVE had a long, long 239 00:12:16,480 --> 00:12:17,880 run, but now it looks vulnerable. 240 00:12:19,080 --> 00:12:21,040 And in the same way that I'm super bullish on Solana right 241 00:12:21,040 --> 00:12:27,240 now, I also think that it leaves itself open to us having a new 242 00:12:28,080 --> 00:12:32,520 nice blockchain to trade around with in a few years. 243 00:12:32,520 --> 00:12:35,200 And I think you just can't be blind to that sort of stuff. 244 00:12:35,200 --> 00:12:39,640 So yeah, that's where I'm at. We're down to 10% chance on Poly 245 00:12:39,640 --> 00:12:44,560 markets for for for the theory of TF to to get what happens. 246 00:12:44,560 --> 00:12:45,920 If it gets approved what happens. 247 00:12:46,360 --> 00:12:48,720 Listen we can still run with that narrative until May 23rd 248 00:12:48,720 --> 00:12:51,240 right guys like it's May 23rd or 30. 249 00:12:51,520 --> 00:12:55,000 I know this says by 31st but isn't 23rd the actual deadline 250 00:12:55,440 --> 00:12:58,040 date I think that's what it is right. 251 00:12:58,040 --> 00:13:01,600 Do you guys know like I'm not sure I I saw something about May 252 00:13:01,600 --> 00:13:07,280 23rd, but but I'm not too sure if theorem ETF deadlines I'm not 253 00:13:07,280 --> 00:13:10,080 too sure. Some we might hear, we might 254 00:13:10,080 --> 00:13:11,840 hear just beforehand. You know how it is, no? 255 00:13:12,440 --> 00:13:14,440 10% dude. Now now the bets getting more 256 00:13:14,440 --> 00:13:16,200 interesting. I also saw this other thing was 257 00:13:16,480 --> 00:13:22,000 well Ethereum hit an all time high in 2024 and the markets are 258 00:13:22,440 --> 00:13:25,240 pricing that 38% chance. What do you guys think Tyler? 259 00:13:25,240 --> 00:13:26,920 What do you think? Is ETH hitting an all time high 260 00:13:26,920 --> 00:13:31,320 in 2024? I mean it, it depends on how 261 00:13:31,320 --> 00:13:36,000 bullish you are on on Bitcoin in 2024 I think was it Bitcoin runs 262 00:13:36,640 --> 00:13:38,640 decently enough past its all time high. 263 00:13:38,640 --> 00:13:41,080 I'm I'm trying to think of the ratios that bitcoin's going to 264 00:13:41,080 --> 00:13:43,840 have to get to for ETH to get to an you, you basically are going 265 00:13:43,840 --> 00:13:48,040 to need Bitcoin what at 100,000 in 2024 for ETH to get to an all 266 00:13:48,040 --> 00:13:53,680 time high realistically? Tough. 267 00:13:53,920 --> 00:13:55,760 What is ETH no longer ultrasound money? 268 00:13:55,760 --> 00:13:56,560 What? What happened? 269 00:13:56,560 --> 00:13:57,160 What? What? 270 00:13:58,200 --> 00:13:59,280 I think that's part of the problem. 271 00:13:59,280 --> 00:14:00,840 Like the narratives keep changing, right? 272 00:14:00,840 --> 00:14:02,560 And I think the narratives are so important. 273 00:14:02,640 --> 00:14:05,840 And ETH was programmable money and then it was ultrasound money 274 00:14:05,840 --> 00:14:10,560 and now it's it's restaking and it it it feels like the 275 00:14:10,560 --> 00:14:12,840 narrative gets a little bit weaker every time. 276 00:14:13,080 --> 00:14:15,160 And you know, perhaps this is narrative following price 277 00:14:15,160 --> 00:14:16,760 action. But Solana is very simple. 278 00:14:16,760 --> 00:14:19,560 It's it's the retail chain, it's the detail chain, it's the 279 00:14:19,560 --> 00:14:22,040 casino. Bitcoin is digital goals and 280 00:14:22,040 --> 00:14:23,880 it's and it's backed by the the ETFs. 281 00:14:23,880 --> 00:14:27,880 Now those are very simple to explain to to to normal, to 282 00:14:27,880 --> 00:14:30,920 normies, to friends. To get them to understand why to 283 00:14:30,920 --> 00:14:33,280 potentially invest and they feel like ETH is trickier now. 284 00:14:34,080 --> 00:14:39,120 Yeah, well, I I didn't know that we actually, we actually have 285 00:14:39,120 --> 00:14:43,760 been so inflationary for the last wow this, this last 30 days 286 00:14:43,760 --> 00:14:47,000 40,000. Since danken, basically it's. 287 00:14:47,400 --> 00:14:49,960 Gone. Because of that, it moves a lot 288 00:14:49,960 --> 00:14:51,440 of the revenue or at least the the. 289 00:14:51,760 --> 00:14:53,880 Cost. Of reduce to the LT's, yeah. 290 00:14:54,280 --> 00:14:57,560 Yeah that's interesting. I I haven't, I haven't even I 291 00:14:57,560 --> 00:14:58,760 haven't really been paying attention. 292 00:14:58,760 --> 00:15:01,880 I would personally love for an ETH like rate like pump here 293 00:15:01,880 --> 00:15:04,800 because we'd be hated rally type of thing and a lot of people 294 00:15:04,800 --> 00:15:07,120 would be really annoyed at it because I I I don't know I'm in 295 00:15:07,120 --> 00:15:09,280 a position where it's like people are beating a dead horse 296 00:15:09,280 --> 00:15:12,920 on the timeline right now with with Ethereum and and actually 297 00:15:13,280 --> 00:15:17,080 even Mert actually even Mert and I know he goes back and forth 298 00:15:17,080 --> 00:15:20,280 with Evan on the timeline and they make they poke fun at each 299 00:15:20,280 --> 00:15:22,960 other. But I think even Mert put a like 300 00:15:23,520 --> 00:15:27,400 like he put a tweet out saying The hilarious thing is here is 301 00:15:27,400 --> 00:15:30,400 our theorem has improved the ton as a network in the past year, 302 00:15:30,680 --> 00:15:33,600 yet now everyone is judging it based on price action. 303 00:15:34,040 --> 00:15:38,200 Exactly what falsely happened to Solana after FTX. 304 00:15:38,400 --> 00:15:40,160 Ignore CT and think for yourself. 305 00:15:40,320 --> 00:15:46,200 Like even Mert OK is out here like positive tweeting about 306 00:15:46,280 --> 00:15:50,840 Etherium while the timeline is seemingly extremely bearish on 307 00:15:50,840 --> 00:15:52,960 what's going on. Said There was really important, 308 00:15:53,120 --> 00:15:57,000 like the the idea that it went to this digital gold narrative, 309 00:15:57,200 --> 00:16:00,640 like ultrasound money, I thought was like a was the mistake, 310 00:16:00,760 --> 00:16:02,600 essentially because everyone sat there and was like, this is 311 00:16:02,600 --> 00:16:05,400 going to be better than Bitcoin. And actually the strongest 312 00:16:05,400 --> 00:16:08,400 narrative for ether is that it was digital money, that people 313 00:16:08,760 --> 00:16:12,320 used it right? That people were doing 314 00:16:12,400 --> 00:16:18,520 everything on it and it wasn't just like we stake it or we like 315 00:16:18,520 --> 00:16:21,760 people were using it as money. And I think that moved. 316 00:16:22,560 --> 00:16:26,840 And during that process ETH was like ETH Maxis were like it's 317 00:16:26,840 --> 00:16:29,520 fine, we don't mind like we've still got this like it's going 318 00:16:29,520 --> 00:16:31,960 to be better than Bitcoin sort of gold narrative. 319 00:16:32,200 --> 00:16:36,440 And what it needs to get back to is it being the casino, like the 320 00:16:36,440 --> 00:16:39,840 actual throughput of of funds has got to be much higher. 321 00:16:39,840 --> 00:16:43,080 Like it's been protected by the fact it has a very high TVL but 322 00:16:43,080 --> 00:16:47,440 very little gets done. So we even with that TBL like 323 00:16:47,440 --> 00:16:51,520 Salon is doing more volume with a fraction of the TBL. 324 00:16:51,760 --> 00:16:54,800 So that just tells you that it's like it's not really being used 325 00:16:54,800 --> 00:16:56,760 as money, it's being used as a savings account. 326 00:16:57,240 --> 00:16:59,200 And I just think that that's where it needs to move away 327 00:16:59,200 --> 00:17:02,520 from. Yeah that whole like ETH like is 328 00:17:02,520 --> 00:17:05,640 like gold narrative is just not. It's like digital oil, right? 329 00:17:05,640 --> 00:17:08,040 That that's that's I think this is the way you're supposed to 330 00:17:08,040 --> 00:17:11,800 see it but but but the the chain is getting a lot of use, right. 331 00:17:11,800 --> 00:17:12,960 You some people think gas is low. 332 00:17:12,960 --> 00:17:15,000 Chain's not getting a lot of use like it is but it's just getting 333 00:17:15,000 --> 00:17:18,560 it through L twos like Arbitrum and base and everything. 334 00:17:18,560 --> 00:17:20,240 Like you know what happened to the base narrative Like 335 00:17:20,240 --> 00:17:22,400 everybody was super bullish on base including myself and now 336 00:17:22,400 --> 00:17:24,319 what? Like you're not like base. 337 00:17:24,319 --> 00:17:26,040 There's still a lot of stuff happening on base, right. 338 00:17:26,040 --> 00:17:27,359 Like Forecaster didn't die overnight. 339 00:17:27,520 --> 00:17:29,560 Frantec is still going on actually a price or friend was 340 00:17:29,560 --> 00:17:33,080 up quite a bit today and you and like blast, like we'll talk 341 00:17:33,080 --> 00:17:35,600 about blast, but blast, I think people forget that blast is an 342 00:17:35,600 --> 00:17:38,280 Ethereum L2 like maybe because it's a different casino and 343 00:17:38,280 --> 00:17:41,440 people are not used to seeing a casino on Ethereum or forgot 344 00:17:41,520 --> 00:17:44,960 what the casino's like. And also remember like Pepe Mog, 345 00:17:44,960 --> 00:17:48,280 like Mog was top gainer, right yesterday Mando Mog saw quite a 346 00:17:48,720 --> 00:17:51,240 quite a pump on the on the daily which was actually pretty 347 00:17:51,240 --> 00:17:54,920 impressive it's it reaches a little bit today but you know we 348 00:17:54,920 --> 00:17:58,520 saw quite a quite a pump to what 280 mil, I think it's at at the 349 00:17:58,560 --> 00:18:02,920 height somebody is 2/2/75. So that's just in theorem chick 350 00:18:02,920 --> 00:18:04,960 corn, right. Pepe is saying like we were 351 00:18:04,960 --> 00:18:06,080 talking about Pepe the day before. 352 00:18:06,360 --> 00:18:09,280 Pepe went all the way up to nearly $5 billion now with a 353 00:18:09,280 --> 00:18:12,920 slight retracement down to 415, that's also Ethereum. 354 00:18:12,920 --> 00:18:15,760 So there's a lot of stuff happening on Ethereum. 355 00:18:16,040 --> 00:18:18,280 I just think it's the overall narrative that's and like the 356 00:18:18,280 --> 00:18:21,920 sentiment that's slow and clearly we are so early, the 357 00:18:21,920 --> 00:18:26,120 sentiments are enough to to to guide where the price is going. 358 00:18:26,120 --> 00:18:27,960 Anyways, quickly on the Bitcoin stuff. 359 00:18:27,960 --> 00:18:31,160 I mean we we saw a big info number man though $300 million 360 00:18:31,160 --> 00:18:33,400 yesterday. Do you reckon this is gonna 361 00:18:33,400 --> 00:18:35,680 gonna continue here? Cuz it's a pretty positive 362 00:18:35,680 --> 00:18:41,440 change. Oh, it beated I think automated 363 00:18:41,440 --> 00:18:44,000 to do so weird. Yeah, I don't know. 364 00:18:44,440 --> 00:18:49,400 It's it's difficult to tell like I'm I'm more looking for the 365 00:18:49,400 --> 00:18:53,760 trend and if we have a positive week this week then I think 366 00:18:53,760 --> 00:18:58,240 people will, we'll come back. So I don't necessarily think on 367 00:18:58,240 --> 00:19:00,760 a daily basis you can predict it, but if we have a like a 368 00:19:00,760 --> 00:19:02,680 decently positive week, I think people will be like, well that 369 00:19:02,680 --> 00:19:04,960 was the dip and they'll get back in. 370 00:19:06,240 --> 00:19:08,800 OK, that's that's good to know anyway, So that's that. 371 00:19:08,800 --> 00:19:10,680 So we'll keep that much in touch. 372 00:19:10,680 --> 00:19:12,400 One thing that happened, I think it was yesterday during the show 373 00:19:12,400 --> 00:19:15,640 Millennium $2 billion bet on Bitcoin ETF. 374 00:19:16,200 --> 00:19:18,520 So again, like more institutional confidence, right, 375 00:19:18,520 --> 00:19:20,000 guys like we talked about Wisconsin. 376 00:19:20,440 --> 00:19:23,440 We talked actually not only Wisconsin, I got a new one for 377 00:19:23,440 --> 00:19:26,800 you guys today, Oklahoma. Oh, let's go. 378 00:19:27,120 --> 00:19:28,840 Yeah, Oklahoma. I saw it on the crypt this 379 00:19:28,840 --> 00:19:33,400 morning. Oklahoma enshrined S Bitcoin 380 00:19:33,400 --> 00:19:36,600 self custody as a right as a human right. 381 00:19:38,120 --> 00:19:41,520 Listen, it's pretty bullish. I I gotta say like I I haven't. 382 00:19:41,520 --> 00:19:43,120 Don't worry. I have a tweet going out for my 383 00:19:43,120 --> 00:19:45,200 for my card holders. Tyler's pretty good. 384 00:19:45,400 --> 00:19:50,000 But you got it. Tyler's like, come on, you gotta 385 00:19:50,000 --> 00:19:51,640 get tweeting, bro. I'm gonna, I'm gonna have to 386 00:19:51,640 --> 00:19:54,120 leave the show anyway. So Bitcoin self custody 387 00:19:54,120 --> 00:19:58,000 enshrined as a right in in in Oklahoma, which I thought was 388 00:19:58,000 --> 00:19:59,960 pretty good. You have the state of Wisconsin, 389 00:19:59,960 --> 00:20:01,160 that's it's not 100 mil by the way. 390 00:20:01,160 --> 00:20:04,760 It's $163 million of exposure to different Bitcoin ETF with 391 00:20:04,760 --> 00:20:08,120 iShares I bet, etcetera. But then you have the Democratic 392 00:20:08,120 --> 00:20:11,320 Party and the SEC trying to start a war on crypto. 393 00:20:11,320 --> 00:20:13,880 So it seems like even within the United States now, there are 394 00:20:13,880 --> 00:20:16,080 some states that are kind of like going their own way. 395 00:20:16,680 --> 00:20:17,840 Right. It's that's how it works, right, 396 00:20:17,840 --> 00:20:19,080 Tyler? Like states can kind of like 397 00:20:19,360 --> 00:20:23,080 make their own laws. Yeah, exactly. 398 00:20:23,080 --> 00:20:26,320 And like it makes it very interesting if some states kind 399 00:20:26,320 --> 00:20:29,640 of see the the picture here and then want to turn pro crypto. 400 00:20:29,640 --> 00:20:31,960 I mean it's part of the reason like folks are worried of like 401 00:20:31,960 --> 00:20:35,440 the crypto brain drain folks you know going to other countries to 402 00:20:35,840 --> 00:20:38,240 to to to launch their companies if they're able, if they feel 403 00:20:38,240 --> 00:20:41,000 like they've got the ability to do that in certain States and 404 00:20:41,000 --> 00:20:43,280 they're going to be protected. That's interesting. 405 00:20:43,320 --> 00:20:45,560 And I mean it's, it's a big market, right. 406 00:20:45,560 --> 00:20:46,960 So I can absolutely see that trend. 407 00:20:47,240 --> 00:20:49,360 It's awesome. So Oklahoma has become the first 408 00:20:49,520 --> 00:20:51,560 US state to pass a law protecting the right to self 409 00:20:51,560 --> 00:20:54,520 custody, Bitcoin. The new law says citizens cannot 410 00:20:54,520 --> 00:20:57,680 be prevented from holding and controlling digital assets under 411 00:20:57,680 --> 00:21:00,160 a hardware using a hardware wallet. 412 00:21:00,560 --> 00:21:03,400 It is. It also says that the state 413 00:21:03,400 --> 00:21:07,120 government cannot ban or restrict the use of crypto to 414 00:21:07,120 --> 00:21:09,200 purchase legal goods and services. 415 00:21:09,560 --> 00:21:11,680 I guess it's actually like, is it me? 416 00:21:11,680 --> 00:21:14,800 It's kind of a big deal, no? Like, I think it's pretty damn 417 00:21:14,800 --> 00:21:15,720 big. Yeah. 418 00:21:15,720 --> 00:21:18,000 I mean if you if you feel like this is the national 419 00:21:18,000 --> 00:21:20,880 progression, the risk of of where that this current 420 00:21:20,880 --> 00:21:23,880 administration is trying to go like this is where they're 421 00:21:23,880 --> 00:21:26,080 they're potentially trying to go right that that that is the 422 00:21:26,080 --> 00:21:28,600 concern. So, I mean, Oklahoma's getting 423 00:21:28,600 --> 00:21:31,480 out in front of it, and they. Have a good basketball team 424 00:21:31,480 --> 00:21:32,760 though. That's how I know the United 425 00:21:32,760 --> 00:21:34,680 States like the States of America as per their sports 426 00:21:34,680 --> 00:21:36,400 team. So you guys have the OKC Thunder 427 00:21:36,400 --> 00:21:39,200 over there, if I'm not mistaken. Oklahoma State Thunder. 428 00:21:39,200 --> 00:21:41,160 They've got great college sports in Oklahoma as well. 429 00:21:41,520 --> 00:21:42,760 There you go. They're down, though, against 430 00:21:42,760 --> 00:21:44,880 the Mavs. I Googled that, but it's OK. 431 00:21:46,320 --> 00:21:49,800 I I did bet on OKC a few times. They're they're they're pretty 432 00:21:49,800 --> 00:21:51,840 good. They're pretty good. 433 00:21:51,840 --> 00:21:53,520 Anyways, I thought that was pretty cool. 434 00:21:53,560 --> 00:21:57,600 It's called Bitcoin rights Bill. HB3594 was signed into law by 435 00:21:57,600 --> 00:22:01,440 Oklahoma's Republican governor Kevin Sit State on Monday and 436 00:22:01,440 --> 00:22:04,240 the nonprofit Satoshi Action Fund says more states will 437 00:22:04,240 --> 00:22:06,680 follow suit. I think that at the end of the 438 00:22:06,680 --> 00:22:08,960 day lawmakers across the country are very open to this type of 439 00:22:08,960 --> 00:22:11,680 policy. Is the USA flipping bullish? 440 00:22:11,760 --> 00:22:13,760 We'll see. But of course that has a lot to 441 00:22:13,760 --> 00:22:17,600 do with with the elections that are up and coming which I don't 442 00:22:17,600 --> 00:22:19,760 know how I feel about this like crypto thing becoming like the 443 00:22:19,760 --> 00:22:23,960 main point of of like like I saw you know what actually Mando, I 444 00:22:23,960 --> 00:22:25,720 know you're a Novo fan and and so am I. 445 00:22:25,720 --> 00:22:27,240 And I think Tyler, you a Novo Grats fan. 446 00:22:27,640 --> 00:22:28,840 Yes. No you are. 447 00:22:28,880 --> 00:22:30,320 OK awesome. We like Novo Grats. 448 00:22:30,480 --> 00:22:33,800 But you know I want to show you guys this clip of of Novo that 449 00:22:33,800 --> 00:22:36,040 do this post. Candidate Trump came out and 450 00:22:36,040 --> 00:22:37,760 said I'm going to be the crypto president. 451 00:22:38,280 --> 00:22:41,960 He got on stage with a guy named Ryan Selkis, who's a big guy in 452 00:22:41,960 --> 00:22:45,840 the crypto community and said, you know, there's enough people 453 00:22:45,840 --> 00:22:48,000 that like crypto that I'm going to support crypto. 454 00:22:48,320 --> 00:22:52,360 So in one day you had one candidate saying crypto good and 455 00:22:52,360 --> 00:22:55,920 one candidate saying crypto bad. And I got on TV today. 456 00:22:55,920 --> 00:22:59,560 I was like, it's kind of like the Democrats went out and said 457 00:23:00,560 --> 00:23:06,040 we don't like dogs. There are more crypto owners in 458 00:23:06,040 --> 00:23:07,640 America than there are dog. Owners. 459 00:23:08,120 --> 00:23:12,000 Like 65 million people on the dog. 85 million people own 460 00:23:12,000 --> 00:23:14,360 crypto Ex. President and and candidate 461 00:23:14,360 --> 00:23:16,440 Trump. Hey, how good is that clip? 462 00:23:16,800 --> 00:23:19,120 I saw it right before the show and I was like, I got to come 463 00:23:19,120 --> 00:23:20,440 and play it and what a great way. 464 00:23:20,480 --> 00:23:22,960 I love how Novo just works. We got to get Novo on this show, 465 00:23:22,960 --> 00:23:25,120 man. We got to get Novo. 466 00:23:25,800 --> 00:23:27,960 He is a big yeah, let's, let's ask Mike. 467 00:23:27,960 --> 00:23:29,160 Let's ask Mike. Let's ask Mike. 468 00:23:29,160 --> 00:23:32,840 Let's see if if if if our friend over there Joseph Lubin maybe 469 00:23:32,840 --> 00:23:35,280 can like pull a little thing. You know they were roommates in 470 00:23:35,280 --> 00:23:36,280 in college. She's pretty sick. 471 00:23:36,760 --> 00:23:41,400 Anyways, there are more owners of crypto in America than there 472 00:23:41,400 --> 00:23:45,000 are dog owners and he say it's like as if Democratic Democratic 473 00:23:45,000 --> 00:23:46,360 Party is coming out and saying I don't like dogs. 474 00:23:46,360 --> 00:23:47,800 I thought I thought that was great. 475 00:23:47,800 --> 00:23:51,680 So anyways that's that on the on the, on the macro level you know 476 00:23:51,680 --> 00:23:54,640 there was also like you know Fed reserve Kashkari, you know touch 477 00:23:54,720 --> 00:23:56,800 comparing Bitcoin to Beanie babies which makes no sense. 478 00:23:56,800 --> 00:24:01,920 And then the biggest kol on on on X, Andrew Tate saying I know 479 00:24:01,920 --> 00:24:04,560 I'm not supposed to do this in the chaotic times but I'm about 480 00:24:04,560 --> 00:24:07,040 to leave Fiat completely in ape over $100 million into Bitcoin. 481 00:24:07,440 --> 00:24:09,000 Does this guy even have $100 million? 482 00:24:09,240 --> 00:24:11,920 I don't even know. I don't even know what he does. 483 00:24:11,920 --> 00:24:14,000 I just know he's really big on social platforms to this date. 484 00:24:14,000 --> 00:24:15,480 I still don't know what Andrew does. 485 00:24:15,560 --> 00:24:18,400 I just know he was hating on crypto crypto Bros and NFTS for 486 00:24:18,400 --> 00:24:20,440 the longest time and now flip bullish. 487 00:24:20,800 --> 00:24:23,440 I guess it's good because you guys talking, we talk about 488 00:24:23,440 --> 00:24:25,960 retail coming in. Andrew Tate has got a whole 489 00:24:25,960 --> 00:24:31,120 bunch of retail like dudes that are just waiting to jump off a 490 00:24:31,120 --> 00:24:33,200 bridge if he tells them to. So if he tells them to buy 491 00:24:33,200 --> 00:24:36,640 Bitcoin, I may be with please and then they're probably going 492 00:24:36,640 --> 00:24:38,800 to do that anyways. So let's let's let's let's move 493 00:24:38,800 --> 00:24:40,480 into the second part of the conversation here which is 494 00:24:40,480 --> 00:24:42,160 BLAST. I mean Tyler, I'm a hand this 495 00:24:42,160 --> 00:24:43,320 off to you. Why don't you run us to the 496 00:24:43,320 --> 00:24:46,080 latest latest stuff. What is going on with BLAST. 497 00:24:46,600 --> 00:24:49,680 Of course I saw the the well market stuff that Mando posted 498 00:24:49,680 --> 00:24:52,880 there was a delayed June 26th for for TGE. 499 00:24:53,000 --> 00:24:55,000 So, So what? What's the TLDR here? 500 00:24:55,000 --> 00:24:57,720 And what's happening on Blast? Yeah, major announcement from 501 00:24:57,720 --> 00:25:01,840 Blast yesterday, they pushed the AirDrop date to June 26th. 502 00:25:02,160 --> 00:25:04,560 It came along with three key components. 503 00:25:04,560 --> 00:25:08,200 So they are going to increase the AirDrop allocation due to 504 00:25:08,200 --> 00:25:11,520 the delay they announced there were there will be two more DAP 505 00:25:11,560 --> 00:25:15,200 Blast Gold distributions that was a big unknown ahead of the 506 00:25:15,200 --> 00:25:19,680 AirDrop and then Blur season three will end on June 26th as 507 00:25:19,680 --> 00:25:22,800 well. So effectively extended until 508 00:25:22,800 --> 00:25:25,120 then. So, so basically the team here 509 00:25:25,120 --> 00:25:27,840 confirmed dilution of Blast Gold. 510 00:25:28,000 --> 00:25:31,800 We don't know exactly how much but folks are already starting 511 00:25:31,800 --> 00:25:35,200 to speculate. So Sam Mt stats, he's already 512 00:25:35,200 --> 00:25:40,160 dropped his Blast Gold estimate from $10 to $6 and basically his 513 00:25:40,160 --> 00:25:43,880 assumptions that he used is he's assuming that the Blast Gold 514 00:25:43,880 --> 00:25:47,240 supply is going to increase from 56 million to 100 million, so 515 00:25:47,240 --> 00:25:51,840 nearly 100% increase. Here he is adjusting his AirDrop 516 00:25:51,840 --> 00:25:55,760 allocation from 5% to 6% for the the blast gold aspect. 517 00:25:55,760 --> 00:26:01,760 I believe he's he's saying 15% total tokens at at tge will be a 518 00:26:01,760 --> 00:26:04,360 part of the AirDrop if you're trying to do the the market cap 519 00:26:04,360 --> 00:26:06,120 math. And then he also lowered his 520 00:26:06,120 --> 00:26:08,080 FTV. So he was I mean some would say 521 00:26:08,080 --> 00:26:11,160 he was leaning bullish. He had the blast FTV target at 522 00:26:11,160 --> 00:26:14,320 12 billion. He did reduce it to 10 billion 523 00:26:14,320 --> 00:26:17,720 kind of tied to broader state of the market how Ethereum L twos 524 00:26:18,080 --> 00:26:22,080 have been performing. So again reducing it from 5:50 525 00:26:22,080 --> 00:26:24,160 if you look at the bar chart that he posted, I mean. 526 00:26:24,600 --> 00:26:25,840 This one. It it's brutal. 527 00:26:25,840 --> 00:26:29,440 There's another one, if you go back to his page, maybe Scroll 528 00:26:29,440 --> 00:26:33,720 down a little bit more, yeah, to keep going a little bit more, 529 00:26:33,720 --> 00:26:35,720 there it is. So like this is the progression 530 00:26:35,720 --> 00:26:38,000 of his blast goal. So he at one point he had it at 531 00:26:38,000 --> 00:26:42,040 18 and 12:00 and 10:00 and 6:00 and so everyone's got the 532 00:26:42,040 --> 00:26:44,640 straight line bias and saying OK the next time he updates this 533 00:26:44,640 --> 00:26:47,320 it's going to be 3 and then it's going to be one and then it's 534 00:26:47,320 --> 00:26:49,840 going to be 0. So that is a part of the 535 00:26:49,840 --> 00:26:52,600 concern. We've seen some market response 536 00:26:52,600 --> 00:26:54,840 already. So, so PAC Moon, the PAC token 537 00:26:55,040 --> 00:26:58,320 immediately jumped 18% on this news. 538 00:26:58,320 --> 00:27:00,560 I think primarily because people are speculating it's going to 539 00:27:00,560 --> 00:27:02,720 continue. It has a greater chance to hit 540 00:27:02,720 --> 00:27:06,280 these jackpots which are now we know going to run until June 541 00:27:06,280 --> 00:27:10,080 26th. Fancy Top also was a winner 542 00:27:10,080 --> 00:27:12,440 here. That floor rebounded after a 543 00:27:12,440 --> 00:27:17,320 recent dip that I think that the broader picture here is daps are 544 00:27:17,320 --> 00:27:19,760 winners, right? So daps are going to get more 545 00:27:19,760 --> 00:27:22,560 gold. They now have another six weeks 546 00:27:22,880 --> 00:27:27,120 to continue to lure users, improve on their products and 547 00:27:27,120 --> 00:27:31,560 try to get a stickier user base. Fancy Top was the number two 548 00:27:31,560 --> 00:27:34,480 winner in blast Gold allotment on the last distribution. 549 00:27:34,480 --> 00:27:37,720 So many think they are going to continue to large allotments. 550 00:27:37,720 --> 00:27:41,320 So those prize pools are going to continue and likely get 551 00:27:41,320 --> 00:27:43,240 bigger. I think folks who who've been 552 00:27:43,240 --> 00:27:45,960 chasing the jackpot, they're winners in all this as well. 553 00:27:45,960 --> 00:27:49,440 I think the primary losers are the the early farmers, you know, 554 00:27:49,560 --> 00:27:51,200 they they're getting diluted to hell here. 555 00:27:51,720 --> 00:27:52,800 That's what I'm getting out of it. 556 00:27:52,800 --> 00:27:54,720 It seems like a lot of farmers are quite unhappy about all 557 00:27:54,720 --> 00:27:56,120 that. Like, I was thinking like I was 558 00:27:56,200 --> 00:27:57,920 kind of talking with Olga Bud this morning. 559 00:27:57,920 --> 00:28:01,280 It feels like on the whale side they're good. 560 00:28:02,160 --> 00:28:05,080 The new like people like me who just came in just to get a few 561 00:28:05,080 --> 00:28:07,640 gold through Fantasy Top, like I already hit the jackpot twice. 562 00:28:08,160 --> 00:28:10,200 You know what I mean? It's like and I I'm a tourist 563 00:28:10,200 --> 00:28:11,760 when it comes to blast. Like I've not. 564 00:28:11,760 --> 00:28:13,600 No shame in saying that. I only came to through Fantasy 565 00:28:13,600 --> 00:28:14,960 Top. It's the only thing I like. 566 00:28:15,240 --> 00:28:17,760 And Mando, you seem really bullish on Pac-Man as well. 567 00:28:17,760 --> 00:28:20,680 So it seems like the people hit on Pacman twice already. 568 00:28:21,160 --> 00:28:25,440 Pacman probably most likely to keep hitting while going up is 569 00:28:25,440 --> 00:28:26,320 is what's happening. So what? 570 00:28:26,320 --> 00:28:29,000 What? What is, What is, what is? 571 00:28:29,000 --> 00:28:30,280 What? Is this the play then? 572 00:28:30,280 --> 00:28:30,880 Tyler? What? 573 00:28:31,000 --> 00:28:32,680 What's the play on blast at the moment? 574 00:28:32,680 --> 00:28:34,880 How does someone approach that right 'cause I saw some people 575 00:28:34,880 --> 00:28:37,560 write under the comments last show saying is it too late? 576 00:28:38,040 --> 00:28:41,120 But clearly it's not right. Yeah, I don't think it's too 577 00:28:41,120 --> 00:28:42,840 late. I really just dove in personally 578 00:28:42,840 --> 00:28:46,520 about like three, 3-4 weeks ago. I've been forcing I I got the 579 00:28:46,520 --> 00:28:49,160 pack moon air drops because I was posting about that. 580 00:28:49,160 --> 00:28:50,960 I got pretty sizable so I got lucky there. 581 00:28:51,200 --> 00:28:53,600 You know I've hit a few jackpots since then. 582 00:28:53,600 --> 00:28:55,520 I think the the question you have to ask yourself is how 583 00:28:55,520 --> 00:29:00,160 active versus passive, you know do you want to approach this so 584 00:29:00,160 --> 00:29:04,160 you know passively you can stake Ethan some of the the the 585 00:29:04,160 --> 00:29:08,240 leading protocols like thruster wasabi who have huge rewards or 586 00:29:08,280 --> 00:29:11,040 you know you can just buy positions and tokens and and put 587 00:29:11,040 --> 00:29:14,080 them in your jackpot deck and and try to to get lucky and and 588 00:29:14,080 --> 00:29:16,440 guess what that's fun. Like sweating the jackpot wheel 589 00:29:16,760 --> 00:29:18,520 every day and seeing who the winners are. 590 00:29:18,520 --> 00:29:21,480 It is kind of a fun way to farm this. 591 00:29:22,480 --> 00:29:25,920 The reality is Fancy Tops going to be around longer now like 592 00:29:25,920 --> 00:29:29,440 there's been a lot of questions on what is their duration of 593 00:29:29,440 --> 00:29:31,520 success and like attention on the timeline. 594 00:29:31,720 --> 00:29:35,560 It is now at least until June 26th, their their prize pools 595 00:29:35,560 --> 00:29:38,160 are going to be huge and people are going to continue to play. 596 00:29:39,280 --> 00:29:42,520 So I think that is another game Social Fi network that you're 597 00:29:42,520 --> 00:29:45,040 going to be able to participate in if you have Social Fi 598 00:29:45,040 --> 00:29:47,320 District one. It is also going to be an option 599 00:29:47,320 --> 00:29:49,360 that continue to be the top of the leaderboard. 600 00:29:49,360 --> 00:29:54,240 I think what's great about that, how this blast gold allocation 601 00:29:54,240 --> 00:29:57,080 has been is it gives you a playbook basically like every 602 00:29:57,080 --> 00:29:59,880 time they do an allotment they show you exactly which dapps 603 00:29:59,880 --> 00:30:02,080 get. You know how much gold, you can 604 00:30:02,080 --> 00:30:04,200 see how much has been distributed at at any given 605 00:30:04,200 --> 00:30:06,840 point in time. And like you can you can kind of 606 00:30:06,840 --> 00:30:09,720 pick and choose like you you can see that the road map you can 607 00:30:09,720 --> 00:30:12,720 see the apps you can see like does that fit kind of like my my 608 00:30:12,720 --> 00:30:16,280 trading strategy like where where I'm at and then choose to 609 00:30:16,400 --> 00:30:20,920 to go play in those areas. What do you So what do you so 610 00:30:20,920 --> 00:30:24,360 you think like just playing the games on the daps is the move 611 00:30:24,360 --> 00:30:26,480 like District one? What do you think of Ole? 612 00:30:26,480 --> 00:30:28,760 Is it Ole? Ole Is that the token for 613 00:30:28,760 --> 00:30:31,320 District 1? Ole is the District 1 token. 614 00:30:32,120 --> 00:30:33,960 I mean, it's gotta hit the jackpot. 615 00:30:34,680 --> 00:30:37,840 I haven't been doing District 1 from a social fight standpoint. 616 00:30:37,840 --> 00:30:41,840 It's just a little bit burned out from from fintech and and 617 00:30:41,840 --> 00:30:43,920 all these things. But it clearly has a cohort. 618 00:30:43,920 --> 00:30:46,360 If you are more active then that is an opportunity. 619 00:30:46,360 --> 00:30:49,720 I mean Deez, Deez has been super active in it, but he also says 620 00:30:49,720 --> 00:30:53,560 he's he like logs in four times a day, does these rallies so 621 00:30:53,600 --> 00:30:56,920 that that's a more active farm. For sure. 622 00:30:57,480 --> 00:30:59,760 I like the tokens and and playing the jackpot, it's a 623 00:30:59,760 --> 00:31:04,240 little bit more degenerate, but I mean, some of these meme coins 624 00:31:04,240 --> 00:31:06,360 are going to win, right? Some of these tokens are going 625 00:31:06,360 --> 00:31:09,280 to win the Blast ecosystem if you think BLAST is going to be 626 00:31:09,280 --> 00:31:11,880 around for a bit. So I think there is like there 627 00:31:11,880 --> 00:31:15,000 is some upside in the tokens and you have the the farming 628 00:31:15,000 --> 00:31:18,640 opportunity from there. Like I I'm not super deep in 629 00:31:18,640 --> 00:31:21,400 like going through all 50 protocols and and kind of 630 00:31:21,400 --> 00:31:23,440 logging in and doing an hour farming per day. 631 00:31:23,440 --> 00:31:26,320 So you probably want to look for like Gen. or folks like that for 632 00:31:26,320 --> 00:31:29,840 more of that specific alpha. OK, what do you what do you what 633 00:31:29,840 --> 00:31:31,880 do you think of all that Mega? Like how are you playing Blast? 634 00:31:33,000 --> 00:31:34,720 Just PAC Moon. That's it. 635 00:31:36,240 --> 00:31:39,680 Yeah, for me it's like it's such a hated coin now. 636 00:31:40,040 --> 00:31:42,720 It's like for a lot of people, well, but for people who are 637 00:31:42,720 --> 00:31:46,320 playing the blast thing for as long as possible, like I think a 638 00:31:46,320 --> 00:31:47,640 lot of people got annoyed about it. 639 00:31:47,640 --> 00:31:52,120 And I think just objectively it's just makes the most sense. 640 00:31:52,200 --> 00:31:54,360 Like a lot of the other things you can do are like negative EV 641 00:31:54,480 --> 00:31:56,960 or it costs a lot of time. Like why would I not just earn a 642 00:31:56,960 --> 00:32:00,600 coin which could win the lottery the whole time? 643 00:32:00,600 --> 00:32:05,480 It, it feels as though the price action probably could be a bit 644 00:32:05,480 --> 00:32:08,920 mixed going into the actual AirDrop because you can see it 645 00:32:08,920 --> 00:32:12,520 dropping, but I don't know, I think I think it could still be 646 00:32:12,680 --> 00:32:14,680 a decent one and I'm already up on that trade. 647 00:32:14,680 --> 00:32:17,400 So that's just that's the way that I've played it. 648 00:32:18,040 --> 00:32:24,280 I think. I think that the estimations for 649 00:32:24,280 --> 00:32:28,040 gold are probably still too high, mainly. 650 00:32:28,040 --> 00:32:29,960 So what do you think that what's your prediction? 651 00:32:30,000 --> 00:32:31,160 I put a pull out this. Morning. 652 00:32:31,160 --> 00:32:37,040 It's a $10 billion coin basically and I think the only 653 00:32:37,040 --> 00:32:39,440 risk here for but not nothing crazily different. 654 00:32:39,440 --> 00:32:40,360 But I still think that's too high. 655 00:32:40,360 --> 00:32:42,640 Like I would have guessed it was, it was going to come below 656 00:32:42,640 --> 00:32:44,520 arbitrum. So I would have guessed between 657 00:32:44,520 --> 00:32:50,000 5 to 8 million because just on the number of transactions, the 658 00:32:50,000 --> 00:32:53,640 TBL, all that sort of stuff, but at the same time. 659 00:32:53,840 --> 00:32:58,560 So I would have predicted maybe I don't know where that puts it, 660 00:32:58,560 --> 00:33:02,240 but maybe 4 maybe. Does that make it if I if I'm 661 00:33:02,240 --> 00:33:06,880 like a third lower than Sam on on some of those predictions and 662 00:33:06,880 --> 00:33:07,480 then I'm sure? It's. 663 00:33:08,000 --> 00:33:12,320 That huge is that Evo has it trading at at like 3.75 which no 664 00:33:12,320 --> 00:33:14,440 one mentions, but they were mentioning it when it was 665 00:33:14,440 --> 00:33:18,320 trading at 12. Well dude, we only share, well, 666 00:33:18,320 --> 00:33:20,800 market screenshots, Mando. When? 667 00:33:21,040 --> 00:33:24,520 When it sits in there, no. No word recently, but yeah, 668 00:33:24,520 --> 00:33:27,000 it's, it's, I mean that's been going since December. 669 00:33:27,000 --> 00:33:29,320 So that's been like an active market for a while, right. 670 00:33:29,320 --> 00:33:31,760 It's not like it's been, it's suddenly just come up. 671 00:33:32,120 --> 00:33:40,560 So yeah, I I just think that knowing how this has gone before 672 00:33:42,040 --> 00:33:47,840 it can I just think it he'll keep the the Ponzi going 673 00:33:47,840 --> 00:33:51,240 potentially is number one thing like you could even see a delay 674 00:33:51,360 --> 00:33:55,800 again. And secondly, I just, I just 675 00:33:55,800 --> 00:33:58,480 think that people are too bullish on an L2 at 10 billion. 676 00:33:58,880 --> 00:34:02,240 Like I just don't, I just don't see the buyer of that at 10, 677 00:34:02,440 --> 00:34:05,080 let's put it that way like it can, it can launch there and be 678 00:34:05,080 --> 00:34:07,640 there for like a day or two. But then who's coming in and 679 00:34:07,640 --> 00:34:10,480 being like I really want to buy an L2 at 10 billion. 680 00:34:11,719 --> 00:34:14,719 I don't know who that person is in this market right now because 681 00:34:14,719 --> 00:34:17,080 it's and it's nothing to do with BLAST like it's even has quite 682 00:34:17,080 --> 00:34:20,280 an active community about it. But like, take a step back, 683 00:34:21,080 --> 00:34:22,880 Forget that you've heard about BLAST 4, someone said, hey, 684 00:34:22,880 --> 00:34:27,040 we're bringing on L2, L2 coins. Everyone's been absolutely 685 00:34:27,040 --> 00:34:29,280 smoked. It's massively like down on the 686 00:34:29,280 --> 00:34:33,679 year, OP optimal down 3040% on the year, like it's been one of 687 00:34:33,679 --> 00:34:36,520 the worst performing sectors of crypto. 688 00:34:36,800 --> 00:34:39,239 Very true. So if you come in here and be 689 00:34:39,239 --> 00:34:44,960 like I'm bullish at 10 billion on L2, like I don't know, I 690 00:34:44,960 --> 00:34:47,719 don't know who buys that other than everyone marks their book 691 00:34:47,719 --> 00:34:49,560 up at that level. So that's why I'm not bullish on 692 00:34:49,560 --> 00:34:51,880 it, not that I'm not bullish on it. 693 00:34:51,920 --> 00:34:54,199 If it launches an L1, I'd even be more bullish. 694 00:34:56,920 --> 00:34:57,320 Oh wow. I was. 695 00:34:57,360 --> 00:34:59,480 Trading under a dollar. What's? 696 00:34:59,480 --> 00:35:02,640 Yeah, I was. Trading at 9.6 billion OPI mean 697 00:35:02,840 --> 00:35:04,160 optimism. Why is optimism? 698 00:35:04,160 --> 00:35:08,080 I don't know. Why is it not part of the huh. 699 00:35:08,320 --> 00:35:11,880 Let's see what is optimism trading at Well, it's down 700 00:35:11,880 --> 00:35:16,200 again. Again, it's trading at marking 701 00:35:16,240 --> 00:35:21,920 up 24. Yeah, yeah, look at that year to 702 00:35:21,920 --> 00:35:24,800 date, you know none, none of them are looking pretty good on 703 00:35:24,800 --> 00:35:26,560 the year to date. You think you think so? 704 00:35:26,560 --> 00:35:29,000 You're saying BLAST would be better off as now one? 705 00:35:30,320 --> 00:35:34,960 I just think that you have to question, yeah, that I've and I 706 00:35:34,960 --> 00:35:37,800 think the only issue I've had with blast from the from the 707 00:35:37,800 --> 00:35:42,840 start is that it's a Ponzi, but everything is related to blast 708 00:35:43,120 --> 00:35:46,640 token. So if that token comes in lower 709 00:35:46,880 --> 00:35:50,160 than people expected to, like, there's a lot of stuff going on, 710 00:35:50,400 --> 00:35:54,160 but actually it's a lot of stuff going on around farming the 711 00:35:54,160 --> 00:35:56,560 token, right? Like if people are just doing 712 00:35:56,560 --> 00:35:59,640 shit to get points, they're not actually like some of the stuff 713 00:35:59,640 --> 00:36:01,120 has been fun. I think fantasy people have had 714 00:36:01,120 --> 00:36:03,440 some, but some people are just like, right, this gets me gold. 715 00:36:04,160 --> 00:36:07,160 And my question is if, if that comes in even slightly below 716 00:36:07,160 --> 00:36:09,480 people's expectations, let's let's say, let's just live in a 717 00:36:09,480 --> 00:36:12,520 world where it comes in at 6 billion and your gold is worth 718 00:36:13,640 --> 00:36:17,120 four or something around that, right? 719 00:36:18,680 --> 00:36:21,000 Does does it all become less fun? 720 00:36:21,920 --> 00:36:27,520 Like, like is it? I mean, do people stick around? 721 00:36:27,520 --> 00:36:30,680 Do people go like, I don't know the answer to that question 722 00:36:30,680 --> 00:36:34,000 because I think they he could create like a even bigger second 723 00:36:34,000 --> 00:36:37,760 Ponzi. But I do think that you have to 724 00:36:37,760 --> 00:36:41,320 understand that the whole ecosystem right now is really to 725 00:36:41,400 --> 00:36:44,480 that one figure, and that one figure is the price of blast 726 00:36:44,480 --> 00:36:46,640 when it comes out. If the price of blast 727 00:36:46,640 --> 00:36:49,160 disappoints in any way, this thing's at a big risk. 728 00:36:49,160 --> 00:36:52,160 And I I think that's not the same for a lot of other things 729 00:36:52,160 --> 00:36:55,360 in the space, like Solana meme coins don't need the price of 730 00:36:55,360 --> 00:36:59,000 Salat, like it's unrelated to that, People are de gening 731 00:36:59,000 --> 00:37:01,840 unrelated to that, whereas everything on the blast 732 00:37:02,320 --> 00:37:06,120 blockchain is basically distilled down to what is the 733 00:37:06,120 --> 00:37:08,360 price of blast. And I think that's that's the 734 00:37:08,400 --> 00:37:10,800 the risk. What do you think? 735 00:37:10,800 --> 00:37:11,880 What do you think, Tyler? What's? 736 00:37:13,160 --> 00:37:15,400 That's all fair, but he he had to do it right. 737 00:37:15,400 --> 00:37:18,840 Like he had to have the incentives on his L2 to get 738 00:37:18,840 --> 00:37:21,520 folks to come and build. And I would say a month ago, I 739 00:37:21,560 --> 00:37:24,880 felt exactly like this. My entire thought was like, only 740 00:37:24,880 --> 00:37:26,800 mercenary farmers are using this blockchain. 741 00:37:26,800 --> 00:37:28,880 No one cares. There's no culture, no 742 00:37:28,880 --> 00:37:31,440 community. But what he did is he bought 743 00:37:31,440 --> 00:37:34,800 himself some time and then in that time, like there have been 744 00:37:34,800 --> 00:37:37,840 successful apps now launched on blast. 745 00:37:37,840 --> 00:37:40,480 I mean, you've got folks like myself through a guy. 746 00:37:40,520 --> 00:37:44,000 We're running spaces slowly talking about Fantasy top right 747 00:37:44,000 --> 00:37:45,200 now. Like, when's the last time you 748 00:37:45,200 --> 00:37:48,880 saw a space running for for days about something happening on 749 00:37:48,880 --> 00:37:51,520 Arbitrome or optimism? I mean, really the last one was 750 00:37:51,520 --> 00:37:55,960 probably the fintech craze for for base, you know, back six 751 00:37:55,960 --> 00:37:59,160 months. So he's got lightning in a 752 00:37:59,160 --> 00:38:00,440 bottle. He bought himself some, some 753 00:38:00,440 --> 00:38:02,760 runway. Now he has more runway and 754 00:38:02,760 --> 00:38:06,520 there's still so much money up for grabs and I think Sam and he 755 00:38:06,520 --> 00:38:09,400 posted the the TBL charts. I think TBL is going to keep 756 00:38:09,400 --> 00:38:11,600 pumping in. I think we'll see an increase in 757 00:38:11,600 --> 00:38:13,880 the next six weeks. So many folks feel like they've 758 00:38:13,880 --> 00:38:16,400 been late to the game. Now they see the playbook. 759 00:38:16,400 --> 00:38:19,120 I I don't know. I I I still see some some 760 00:38:19,120 --> 00:38:23,120 potential upside here. There's also I saw Wolf game, I 761 00:38:23,120 --> 00:38:26,080 think moved to to Blast. There's been some really 762 00:38:26,160 --> 00:38:28,720 positive sentiment around that, like the token went up, like, I 763 00:38:28,720 --> 00:38:31,800 don't even know how much. So the wolf token, right. 764 00:38:32,040 --> 00:38:36,360 So Wolf games all around and doing pretty well, it seems. 765 00:38:36,600 --> 00:38:38,240 So they're moving everything in a blast, right? 766 00:38:38,240 --> 00:38:39,480 Like, is it, is that what's happening? 767 00:38:39,480 --> 00:38:41,800 The assets, everything is that. They're just migrating. 768 00:38:42,640 --> 00:38:44,080 They're migrating. I actually don't know that the 769 00:38:44,080 --> 00:38:46,160 full insurance and outs of I think their announcement was a 770 00:38:46,160 --> 00:38:50,960 little bit just high level, but it it got people going right and 771 00:38:50,960 --> 00:38:54,280 it's a new ecosystem and you can earn yield on your ETH while 772 00:38:54,280 --> 00:38:55,600 you're over there. I think that's the other part of 773 00:38:55,600 --> 00:38:57,560 this and I feel like it gets overlooked so much. 774 00:38:57,560 --> 00:39:00,200 I think one of the differentiators from BLAST and 775 00:39:00,200 --> 00:39:03,000 other L twos is the native yield, right. 776 00:39:03,000 --> 00:39:06,400 And if you don't really have much plans for your money for 777 00:39:06,400 --> 00:39:08,480 your savings as as me know was talking about earlier in the 778 00:39:08,480 --> 00:39:13,840 show, why not park it on blast, right and earn your 4% and then 779 00:39:13,840 --> 00:39:15,480 you can earn some of these points on top of it. 780 00:39:15,480 --> 00:39:16,760 And points are going to continue. 781 00:39:17,200 --> 00:39:19,880 It's just it's it's free money and as long as there's capital 782 00:39:19,880 --> 00:39:21,280 there, folks are going to continue to build. 783 00:39:21,280 --> 00:39:23,960 So I think that's the bulk case. Yeah, I see what you mean. 784 00:39:23,960 --> 00:39:25,280 Look, you guys mentioned arbitrary. 785 00:39:25,280 --> 00:39:27,480 Well, hopefully what we got coming up is going to bring 786 00:39:27,480 --> 00:39:30,680 attention to that. But but besides that though, I 787 00:39:30,680 --> 00:39:32,640 don't see there's not like social Fi being built on there, 788 00:39:32,640 --> 00:39:34,880 right or on OP like well, optimism, you could say like 789 00:39:34,880 --> 00:39:36,800 there's Bass, it's like all that stuff. 790 00:39:36,800 --> 00:39:38,720 So you could make the argument about optimism which was like 791 00:39:38,720 --> 00:39:43,120 Bass and then you have like Rd., Forecaster and and Frontech for 792 00:39:43,120 --> 00:39:44,240 Blast. Obviously you have a lot going 793 00:39:44,280 --> 00:39:47,400 on between the Wolf game, Shout Zombie who just sent this to me. 794 00:39:47,400 --> 00:39:49,800 I had seen the news, I just forgot it's overlooked it's 795 00:39:49,800 --> 00:39:52,200 shout Zombie and the Wolf game folks are always on top of it, 796 00:39:52,640 --> 00:39:55,120 sent me that mid show and you have Fantasy top, which of 797 00:39:55,120 --> 00:39:56,720 course still leading. I mean tomorrow you have a 798 00:39:56,720 --> 00:39:59,080 common tournament, you have a tournament going on right now 799 00:39:59,080 --> 00:40:01,000 that ends tomorrow. Like it's it's leading like all 800 00:40:01,000 --> 00:40:02,720 the conversation narrative right now, right. 801 00:40:02,720 --> 00:40:04,760 So that's why we all talk about gold. 802 00:40:04,760 --> 00:40:06,240 So much. Like on this show, even. 803 00:40:06,720 --> 00:40:09,280 Like the blast guy was really OV, right? 804 00:40:09,280 --> 00:40:11,280 It was never really Mando and I was really OV. 805 00:40:11,440 --> 00:40:14,920 But we're still like really have to cover it because any move 806 00:40:14,920 --> 00:40:18,440 Pac-Man makes makes wave in the industry right now, right? 807 00:40:18,720 --> 00:40:21,760 Like his tweet that he made this morning and everything as well. 808 00:40:21,760 --> 00:40:24,280 So people are still very much following that close to just one 809 00:40:24,280 --> 00:40:26,760 last thing I want to go over and then we'll get to our guest 810 00:40:26,760 --> 00:40:28,760 here, City versus Tycoon. I see them on stage. 811 00:40:29,520 --> 00:40:32,680 Tyler, what is going on in the NFT world? 812 00:40:32,680 --> 00:40:36,640 I mean, I have not opened the D gen's screen in a while because 813 00:40:36,640 --> 00:40:39,320 I when prices are down, I was just scared to look at them. 814 00:40:39,760 --> 00:40:40,840 But you know what? I'm going to do it. 815 00:40:41,000 --> 00:40:43,640 I'm going to do it, Tyler. I'm going to open the NFC page 816 00:40:43,640 --> 00:40:47,080 on D gen's dot finance and and and run me through what an 817 00:40:47,080 --> 00:40:47,960 autoglyph? No, I can't. 818 00:40:47,960 --> 00:40:49,240 Oh no, it's different. It's not autolith. 819 00:40:49,440 --> 00:40:51,120 What's going on in the world of NFTS Tyler? 820 00:40:52,080 --> 00:40:55,520 NTS Well, it's not that bad. So I I I shared some thoughts 821 00:40:55,520 --> 00:40:57,840 yesterday. In general state of the market, 822 00:40:57,840 --> 00:41:00,520 I think NFTS have been a punching bag for a large part of 823 00:41:00,520 --> 00:41:04,200 the last two years. Many think that meme coins have 824 00:41:04,200 --> 00:41:07,600 have supplanted them and they are the shiny new object for 825 00:41:07,600 --> 00:41:10,120 this next cycle. I don't think they're 826 00:41:10,120 --> 00:41:14,040 necessarily wrong, but there are still some reasons to be excited 827 00:41:14,320 --> 00:41:17,560 across the the different blockchains and NFT ecosystems. 828 00:41:17,560 --> 00:41:21,720 So I kind of went around the horn taking a look at E Bitcoin 829 00:41:21,720 --> 00:41:25,360 Soul and blast give it a health check and then and kind of the 830 00:41:25,560 --> 00:41:28,000 the current catalyst. So taking a look at EVE 831 00:41:28,000 --> 00:41:33,280 basically we we bottomed last fall right we we saw an increase 832 00:41:33,280 --> 00:41:38,000 in the early 2024 then a dip now a little bit of a rebound. 833 00:41:38,000 --> 00:41:40,640 It it feels like it's the NTS are in a holding pattern 834 00:41:40,680 --> 00:41:44,800 basically waiting for Blast for Blur farming to end and then to 835 00:41:44,800 --> 00:41:48,000 see OK when the when the hammer finally drops what is going to 836 00:41:48,000 --> 00:41:52,520 happen the majors are are doing OK like punks are holding up 40 837 00:41:52,520 --> 00:41:57,560 right like that that's not a bad number that's still $120,000. 838 00:41:57,960 --> 00:42:00,040 Each of the majors have their own catalyst so that the board 839 00:42:00,040 --> 00:42:02,200 ape leadership. You know they're they're they're 840 00:42:02,200 --> 00:42:05,320 tightening strings like they're going back to grassroots pudgies 841 00:42:05,320 --> 00:42:10,320 have toys in infinite runway it seems now along with potential 842 00:42:10,320 --> 00:42:14,280 Token Azuki has their token meme line has their launchpad doodles 843 00:42:14,280 --> 00:42:16,680 have been cooking. So there's reasons to have some 844 00:42:16,680 --> 00:42:19,560 excitement for all the majors there. 845 00:42:19,560 --> 00:42:22,840 But it still feels like no one's coming in or making any major 846 00:42:22,840 --> 00:42:26,440 moves until we figure out, you know what happens at the end of 847 00:42:26,440 --> 00:42:30,360 Blur season three and now that's pushed out another four weeks so 848 00:42:30,360 --> 00:42:32,920 it's likely going to be more of this consolidation. 849 00:42:33,280 --> 00:42:37,400 Until then, that's my read on ETH we we can go over to 850 00:42:37,400 --> 00:42:39,160 Bitcoin, or we can dive in deeper to. 851 00:42:39,920 --> 00:42:43,200 To the IT looks like we had quite a nice jump yesterday on 852 00:42:43,240 --> 00:42:46,560 the Bitcoin Eco. We needed it because momentum 853 00:42:46,760 --> 00:42:49,160 had been down only. So this was another one where 854 00:42:49,160 --> 00:42:52,480 the the first few months of 2024 over on Bitcoin entities were 855 00:42:52,480 --> 00:42:54,880 were euphoric, right? We saw node monkeys get all the 856 00:42:54,880 --> 00:42:59,040 way to like .9 Bitcoin. We saw the insane puppets run 857 00:42:59,760 --> 00:43:04,680 and really the last month has been you know pretty down only. 858 00:43:05,240 --> 00:43:08,560 And you know I think folks are starting to be a little bit more 859 00:43:08,560 --> 00:43:11,920 concerned like did we fall for the 2021 arc again or is it 860 00:43:11,920 --> 00:43:16,040 actually different on on Bitcoin with ordinals and perhaps ruins. 861 00:43:16,040 --> 00:43:20,680 I think for me it still boils down to they are ordinals rooms 862 00:43:20,680 --> 00:43:23,680 are the only real levered bets on Bitcoin right now from from 863 00:43:23,680 --> 00:43:26,320 an asset perspective. So if you want to accumulate 864 00:43:26,320 --> 00:43:30,080 more, these are the assets you can play with and we know 865 00:43:30,080 --> 00:43:33,560 infrastructure is coming. Audi and team our our building 866 00:43:33,560 --> 00:43:36,680 with with OPCAT, you know we've got teams like the juice finance 867 00:43:36,680 --> 00:43:38,880 and renebo team. They're building telegram bots 868 00:43:38,880 --> 00:43:42,080 for runes and a whole lot more is coming over there. 869 00:43:42,200 --> 00:43:44,360 It's going to get easier to trade. 870 00:43:44,360 --> 00:43:47,160 We're going to see more development and I I still think 871 00:43:47,160 --> 00:43:49,640 that the wealth effect of Bitcoin is probably The X Factor 872 00:43:49,640 --> 00:43:52,640 here. So Bitcoin does surge to 75 KA 873 00:43:52,640 --> 00:43:57,000 100K folks are feeling wealthier or we're going to see similar to 874 00:43:57,000 --> 00:44:00,480 the the 2021 Ethereum and tea run and there are a lot of 875 00:44:00,480 --> 00:44:04,720 similarities If you remember back to that 2021 run it like 876 00:44:04,720 --> 00:44:08,280 May and June were so painful. I I think I actually left the 877 00:44:08,280 --> 00:44:12,080 the empty space I just went to like farm defy and then I came 878 00:44:12,080 --> 00:44:15,800 back in in in June and that's when board aid I think Father's 879 00:44:15,800 --> 00:44:18,520 Day weekend in June is when board just made their first run 880 00:44:18,520 --> 00:44:21,920 from like 2 to to five or six eve and that's father. 881 00:44:22,720 --> 00:44:26,200 'S Day Father's Day This year do something for our bags. 882 00:44:26,760 --> 00:44:28,160 OK. We're betting on Father's Day 883 00:44:28,160 --> 00:44:30,880 and you guys are both dads. So we're we're betting on both 884 00:44:30,880 --> 00:44:34,360 your your days for that. That's a that that's a good one. 885 00:44:34,360 --> 00:44:37,280 I mean I'd love to see the puppets you know jump from what 886 00:44:37,280 --> 00:44:40,640 point 15 to .21 Rune Pops actually you told you tweeted 887 00:44:40,640 --> 00:44:43,280 you put a great tweet out about Rune Pops that had the huge jump 888 00:44:43,280 --> 00:44:46,360 yesterday right? 90 percent, 90%. 889 00:44:46,400 --> 00:44:49,280 So to me, like I I like that because I see Bitcoin running 890 00:44:49,280 --> 00:44:51,240 and I obviously want my coins to run with Bitcoin, right. 891 00:44:52,080 --> 00:44:55,600 And sold my soul stuff to run with Bitcoin like which 892 00:44:55,600 --> 00:44:57,800 obviously yesterday was not exciting to see whiff not follow 893 00:44:57,800 --> 00:45:00,880 Solana but hey my duck quacked with soul. 894 00:45:01,080 --> 00:45:05,120 But for example on Bitcoin I saw you know pups which a lot of 895 00:45:05,120 --> 00:45:07,680 people were like calling dead and ruins because the whole 896 00:45:07,680 --> 00:45:10,480 narrative for ruins like no what now what are we doing now. 897 00:45:10,480 --> 00:45:12,160 Like it was even the conversation I had in Hong Kong 898 00:45:12,160 --> 00:45:15,080 with people was like OK, cool. Like Ruins was hyped every 899 00:45:15,160 --> 00:45:20,360 consensus that we all over hyped it a little bit and right and it 900 00:45:20,360 --> 00:45:22,600 was consensus like even the Bitcoin like they were not. 901 00:45:22,840 --> 00:45:26,240 They were we were talking about this on the panel actually but 902 00:45:26,240 --> 00:45:29,760 but now what So that's not what phase And then Solana, just to 903 00:45:29,760 --> 00:45:33,840 go quick over it. I mean, man, I don't know for 904 00:45:33,840 --> 00:45:37,480 the NFTS on there, Tyler, but you're putting the health three 905 00:45:37,480 --> 00:45:41,400 on ten, bro. I mean three is is maybe 906 00:45:41,400 --> 00:45:44,240 generous, right? So we, we saw mad lads and 907 00:45:44,240 --> 00:45:47,000 Sorians run pretty high but the reality was those were AirDrop 908 00:45:47,000 --> 00:45:49,200 bubbles. You know people were were buying 909 00:45:49,200 --> 00:45:52,920 those effectively to farm the AirDrop bubble burst and now 910 00:45:52,920 --> 00:45:57,400 they're coming back to reality and there's just zero FOMO in 911 00:45:57,400 --> 00:46:00,520 this ecosystem. Eileen, you know pretty much 912 00:46:00,520 --> 00:46:03,080 permabullish it came. It was hard for me to come up 913 00:46:03,080 --> 00:46:06,200 with some positive catalysts and and rationale for why these 914 00:46:06,200 --> 00:46:08,600 things could rebound. I think you could maybe make an 915 00:46:08,600 --> 00:46:11,720 argument that that the wealth effects created from meme coins 916 00:46:11,840 --> 00:46:16,200 and that Solana going up perhaps will lead to, you know, folks 917 00:46:16,200 --> 00:46:19,560 wanting to grab some some top end digital collectibles and 918 00:46:20,000 --> 00:46:21,440 digads positioning themselves back. 919 00:46:21,440 --> 00:46:23,800 I still like the the digads return to Seoul. 920 00:46:23,800 --> 00:46:26,000 I like that story. I've compared it to LeBron going 921 00:46:26,000 --> 00:46:27,800 back to Cleveland. Yeah, that was OK. 922 00:46:28,080 --> 00:46:29,880 Chill. Like I saw Deez dunking on you 923 00:46:29,880 --> 00:46:33,000 for that one, OK? Hey, we're we're going to chill 924 00:46:33,000 --> 00:46:35,120 there. OK, on the LeBron Frank 925 00:46:35,120 --> 00:46:39,800 comparisons, but OK, play, of course, just make a comparison. 926 00:46:39,800 --> 00:46:42,000 But I saw that. I mean, this should never left 927 00:46:42,000 --> 00:46:43,480 right. I think a lot of people say 928 00:46:43,480 --> 00:46:44,760 that. But at the time also a lot of 929 00:46:44,760 --> 00:46:45,960 people agreed that it was the right move. 930 00:46:46,160 --> 00:46:47,280 It's like this weird position, right? 931 00:46:47,280 --> 00:46:49,080 It's like, oh, it was the right thing to do to move from Seoul 932 00:46:49,080 --> 00:46:51,120 to Eve. And obviously now that Solana is 933 00:46:51,120 --> 00:46:54,200 like outperforming by Bajillion, you're like, oh, obviously like 934 00:46:54,200 --> 00:46:56,400 that's the right move. So I think, and I think it 935 00:46:56,680 --> 00:46:59,560 probably is a very much just let the people do what they want and 936 00:46:59,560 --> 00:47:02,440 you're putting that health at at 3:10 and obviously don't have 937 00:47:02,440 --> 00:47:04,920 time to go over it too much with Blast NF TS health at one on 10. 938 00:47:04,920 --> 00:47:07,160 But obviously like because that's just a farming game over 939 00:47:07,160 --> 00:47:08,440 there, right? There's not really an NFT 940 00:47:08,440 --> 00:47:10,800 narrative on Blast. Yeah, mostly vaporware. 941 00:47:10,800 --> 00:47:13,600 I think 11 cool innovation has come with blaster. 942 00:47:14,000 --> 00:47:17,080 I think Blaster will have legs beyond the air drop, but this 943 00:47:17,080 --> 00:47:21,160 the concept of refundable NFTS. So it gives someone like Sam who 944 00:47:21,200 --> 00:47:24,920 who doesn't want his holders to potentially lose on his NFTS he 945 00:47:24,920 --> 00:47:28,760 can sell photos to them and just rest assured that they're always 946 00:47:28,760 --> 00:47:30,120 going to be able to get their money back. 947 00:47:30,680 --> 00:47:33,720 And I think that does unlock a real use case for artists who 948 00:47:33,720 --> 00:47:38,280 have similar mindsets and while the ETH is is sitting like with 949 00:47:38,280 --> 00:47:40,760 them, they get to earn yield on it on blast and they still get 950 00:47:40,760 --> 00:47:42,680 the royalty fees as things churn over. 951 00:47:43,000 --> 00:47:45,320 So I think we're going to see more, more and more usage of 952 00:47:45,320 --> 00:47:48,880 that specific app. Yeah, it's we'll see. 953 00:47:48,880 --> 00:47:51,760 But shout out to 9059. I love this photography 954 00:47:51,760 --> 00:47:54,120 collection that's beautiful. And shout out to Ovi of course 955 00:47:54,120 --> 00:47:57,760 with with pack rect which is which is super duper cool.