Yo-yo, yo, what up? What up?
Good morning. Good morning GMG Wednesday.
I was going to say Friday, Wednesday, July 31st.
Look at that last day of the month, 2020.
Look at that. Another beautiful day to have a
beautiful day. I got my coast in the house.
Tyler, Tyler. Tyler, Tyler, how are you doing
today? I'm doing great.
You know, it's, it's hot in Chicago.
We were in like the dog days the summer.
It feels like right now it's a big weekend.
It's Lollapalooza weekend here in Chicago.
Now I'm I'm looking, I'm looking at the coins and we're flipping
great and it's a big day, big day today.
You're left big day Ethereum inflows.
You know it is hot here too. Dude it was hard as fuck in
Germany and it's hard as shit over man.
Boy this Europe get warm. I'm like I'm fully sweating
bricks right now. Surely the ACS off in here I'm
dying. It's rare I know that there's AC
somewhere in Europe, but I am sweating right now Yeah, now of
course we're gonna show up. Sorry we're late.
Sorry, someone said we're don't scare us like that going Not
only are we showing up, but we're also doing real bit loot
box fans and I I got some good shape for you on their team day
and we got some fun stuff to talk about Mandos out quick show
Tyler and I market reports as usual.
We'll talk about Tyler's top 100 and then we'll get to the roll
bit loot box spins. So anyways, anyways, anyways,
you know what? Let's loop it up.
Let's loop it all up in in in one thing today, Tyler, and
let's just get straight to the top 100 because I'm assuming
that we're going to talk about the market anyways totality on
FOMO our cause the kid can. Great to bash some bears.
All right, so crypto majors are starting to rally here a bit
this morning ahead of this afternoon's FOMC meeting and
Powell comments. So this is a big afternoon here
in the US markets likely to be impacted.
Solana leading the charge as pump pumped out funds sees a
smashing new all time high $2.36 million in revenue in a single
day. That's three X it's recent
average. So I think on Sunday, pump led
the markets in revenue with 830,000 beating ETH.
It hit 2.3 million revenue yesterday.
So the, the pump streets are on fire.
We saw Mount Gox that they moved 3 billion in Bitcoin.
Seems like the market's shaking it off.
Looks like we don't we don't care about the Mount Gox
movement anymore. We even got a Pentoshi bull
posting. So you, you love to see that in,
in the macro, some of the meteor headlines.
So like in blockchain news, the California DMV has digitized car
titles on Avalanche. And this is not just something
they're going to do. They've already done it,
42,000,000 car titles already digitized.
They're going to launch the wallet app and more.
And folks don't know, California's got like the
seventh biggest economy in the world.
So this is an important state to track.
We saw the comp the compound attacker attacker and quotes.
He seems to be somewhat of a good actor.
So he's compromised with the team, effectively giving them
the money back and they're using the funds to create a stake
product to generate yield for the the first time on on
compound. So nice into that story.
Hamster combat on on ton the the telegram chain.
If you're not following this, you, you kind of have to be.
So they updated their white paper yesterday.
They've got new tokenomics ahead of their upcoming air drops.
It's going to go to 300 million players.
They said they've got 300 million players, which means 300
million holders for this token when it launches.
So I think it's going to be the most widely distributed coin in
the history of crypto. So that's going to be a big
deal. In the memes.
Nero, I think it's just Nero today.
Nero on ETH is dominating everything.
You're chatting before the show. I think it's at 150 million.
I'm just staring at the chat just scaring saying when am I
going to capitulate into this thing?
Same. It's funny cuz same.
Like I'm not even I'm not even making this up.
Like literally same. And we can go into that here in
a minute. I think those are most of the
headlines quickly. So dumpy dot fund the the mean
point shorting protocol on Solana.
They confirmed that they're going to give early users an
AirDrop of their dump token. So that's something to watch.
We saw in NFTS quick roundup doodles launched their superpass
on base price of 7 bucks. That's the pass that gives you
access to all their content artifact.
They did the reveal for project Animus about 21 months after
that debuted. So finally some conclusion to
that meant if I announced a $3.4 million raise to keep expanding
their NFT order book and then DraftKings surprise announcement
yesterday, they're ending the Rainmaker's product citing some
some legal challenges. So a bit of a negative headline
there. Yeah, I saw, I saw that as OK, a
lot of to talk about today, Tyler, a lot to talk about
today. Start with Jerome Powell, right,
because we usually start markets with Mando etcetera.
I mean Bitcoin open today we're 66.
It was 66 four a second ago. What is it?
Let me let me refresh my my charts here.
We're looking at 66. What's going on here?
Oh, well, stuff is not loading. Okay, 66 four.
So we got to green candles this morning, 3300 on E 181 on Seoul.
I think it saw someone like almost near the hit 185 and the
and the meme seems to be doing good.
I mean, what was what was the what was the what did German
Powell said today? How was the?
How was that? It's coming later this
afternoon. So the stocks sold off yeah,
yeah, like 230 stocks sold off on on terrible Microsoft
earnings yesterday. Like we saw NVIDIA dump hard,
but then NVIDIA rallied about 10% on the market open.
So U.S. stocks are rebounding this morning.
I, I think expectations for Powell are effectively to, to
telegram or to basically hint at rate cuts coming in September.
So the, the market is basically fully priced in the first
interest rate cut coming in September.
So if, if he does effectively allude to that, that should be
at least a, a neutral, perhaps slightly bullish outcome.
If, if he were to announce a surprise cut in July, which you
see is just down to 3% odds. So a bit of a long shot, I think
that would be a, a catalyst. We'd probably see a market rip a
couple percent off the back of that news.
Now, if he comes in more hawkish without any language or any, if
he says anything explicitly that would let the market think that
we're not going to get a cut in September, then we probably sell
off a bit, at least in the short.
Term yeah, I mean, we're waiting for those red cuts and I think
we're we're finally going to going to get them soon.
Probably not today. But if we get a little hint as
much as the hint, you know, it's not just a little hint.
I mean, listen, someone's getting liquidated today, that's
for sure. Now it must be.
Wait, I'm on the quick. I made that Poly market bet.
So I I took the 20 to one long shot on the July cut.
Oh, I like that. I want a.
Little bit of a rooting interest.
Well, I'm then I'm rooting for you here today because that's
good for my bags. If we got a red cuts today.
I mean, if we got a red cuts today, I mean, Bitcoin's going
to 73 K like tomorrow morning. But, but, but the, the I'm, I
was talking about people getting liquidated because like you're
either getting liquidated today on the way down or on the way up
turns turns the on between, you know, there's, there's MFRS with
with long and short positions on all over.
Seems like most more people are short than long.
But but it's definitely interesting to see what's going
to happen later today. So I'm not I'm not too sure
what's it's usually 2 to 3:00 PM right.
And he talks 2:30 PM. So we'll see what happens.
But also the other thing, Tyler seems like we got our first days
of influence on each, if I got that right.
Right. How about that inflows the first
time in? A week.
Since launch, it comes amidst grayscale.
It's held another 120 million. So Grayscale's now 20% through
their 9 billion of their how much is a small like 2 billion?
This is them, right? Yeah, this is them, right?
This is column right there. 1.8. Egress 1.4 short inflows too on
the back of that, but there's so there.
But would they have what, 10810? Yeah, they have like nine, Yeah,
nine. So they still, yeah.
So they're about 20% through. I mean, BlackRock keeps, they
keep chugging, man. Not a huge day from BlackRock
183,000,000 that they basically utilize grayscale.
I saw someone tweet. Bye, Gary.
Hi, Larry. I love that.
What what's happening here is
Grayscale is moving through their ETH reserves faster than
they than they did with Bitcoin. Yeah, no, it's much faster.
I mean, they also wanted like 1/8 of it, like like a the first
billion was like 2 days, 3 days. So it, I, I think it's really
good for us. What do you think?
Yeah, 100%. So I think it's almost, it's
similar to like that the US started to the German government
Bitcoin situation where like when they first started selling,
it was very bad. And then as they got closer to
like the 50% mark, we started grinding up.
And then when they're out, like, you know, we started really
moving. And I think it's going to be
like a pretty similar scenario here.
Like once they get to like 50% through, people are going to
stop being worried about it. And I mean, hell, if we can get
inflow days with them selling 9 figures, then like we're we just
know what's going to happen when when they're out, right?
Yeah, I mean, look, I'm not gulk stuff this morning.
I mean didn't shit. In fact, we were higher than
when that news came out. Like people don't care anymore.
It's like, OK, what was it $3.1 billion or something that were
that were moved? And it's like, oh, OK, just
another day in in paradise. What was the what was with the
$2 billion U.S. government move the other day?
Was that that? That's just got moved, right?
As far as we know, it's just a move.
Like everyone freaked out about it.
Is it the US Marshals thing? But yeah, they find this deal,
the US Marshals with Coinbase to start cussing their Bitcoin with
Coinbase and all indications are that this was a move along those
lines. So there's there's no, there's
no indication they're going to sell, but the market got spooked
regardless. The more time that elapses
without them selling probably, you know, shakes off those
concerns. But that was a big move down
right that that basically dropped us from 69 to 66.
That was massive. Everyone was like everyone was,
was ready to for a new high on Bitcoin.
You saw that, right? Everyone was like, but you know
what, it is like everything's weird about this, but it's like
we're getting, we like, I'm talking about the space in
general. It's like everyone's like too
bullish outrage highs and everyone's too bearish to rage
lows. And it's like, dude, we're
probably going to keep fucking ranging until September,
October. Like, you know, like OK, like
we'll probably you know what, I'll go ahead and say we'll
probably touch 60K again and people will be bear tweeting and
we'll probably hit you know, Powell depends on today, right?
Powell comes out with nothing. Go to 60 something people mean.
And then Powell says, yo, we're probably cutting rates next
week. Go to 673 people are going to
Max long 73 K get liquidated because we're going to dump
again. Like you know what I mean?
It's like it's the same we've been you mean Mando though,
we've been pretty consistent with that.
Like we've been saying, like it's probably going to be like
that at least like months, you said.
Chop summer, Yeah, This is what? This is what chop Summer is,
right? This is literally what chop
summer is. This is literally the chart of a
chop summer like this. This point here is February 8th,
28th. Forget summer.
No, sorry. I meant this is where I should.
Sorry, not here. I should.
Yeah, it's a 63K mark. No, 63 is here.
Yeah, that's it. That's the one.
This is February, so it's time in just summer.
It's like shit like it's been it's been shopping for a while,
you know, so Chad, so sorry have.
Come out in that time, right? And we're still just chopping,
yeah. We probably we probably do a
little wiggly, wiggly, wiggly. I don't know, but that's what
I'm looking at. But that's chop city till
November. They're saying well, in your
opinion, in your opinion, let's get some comments here on on X
on YouTube. I mean, in your, in your
opinion, when are we chopping until and we're just talking
about Bitcoin cause Bitcoin's gonna leave the market, right?
So if Bitcoin pumps, everything fucking goes to Valhalla.
November. I'll, I'll go ahead and say, OK,
here it is. I turned 30 September 7th.
Oh, I hereby announce the end of the chop summer on my birthday.
That's the catalyst. That's the catalyst, Farouk
entering his 30th. There he goes.
Said here say September, What what do you what do you, what do
you think, Mr. Tyler, as I, as I pull up this Bob Lucas tweet you
just sent to the chat. Yeah, the Bob Lucas tweet caught
my attention. I think he he brought this up
yesterday. So he's called September 15th
for for breakout. It's all time high, so actually
not too far off from you. I don't care by December 1st.
I don't care by December 1st seems wild like if I'm just
being honest. Is it about pause there?
Does it seem wild to you? The top of the range is 73
cable. Like does it seem like keep
people forget like Bitcoin can move 20% in the fucking day at
times and it usually happens like a couple times in the cycle
it doesn't seem yeah to you. I mean, I, I would not, I, I'm
not short this, so I'm not on the, I'm not interested in
taking the other side. No more shorting, by the way.
Yeah, we're going to have to disabled.
I disabled that button. You can't even type it.
I actually disabled me from even typing the word short on this on
this laptop. September feels early to me.
So I the the fellow who said November, you know, for when we
start to move, I feel like that kind of aligns to like the 2020
move. I was somewhere in Q4.
So I'll say October ish. We always when we really start
to, to grind up. I won't be surprised if we see
new all time high in September And there's a lot of wild cards
out there, right? Like if the dims come to the
table in the US. That is true more.
Crypto friendly policy, like there's a lot of stuff that that
can still happen. That is true.
Definitely this year. It's probably all time highs
this year. We just, I mean to say we
Canadian, but we just need JD fans to just stop going on TV.
I'm at the Catch Your couch fats Crazy crazy crazy bet hit last
night. But what is that?
What was that? What was the bet?
So have you? Did you see like all the JD Vans
couch? Story.
Yeah, I don't understand the the original story, but I think it's
hilarious. Yeah, there, there.
It really is. No, it basically just the
Internet ran wild. Was something that was that's
something. He said right about.
Yeah, yeah. So there's a Poly market line on
will he say couch in July, And it was July 30th, actually, it
was down to 1%. And then he went on his speech
yesterday and he said I'd invite my wife up here to speak, but if
I did, I'd have to sleep on the couch tonight.
So that's the thing. Hold on.
With prediction markets, what stops a politician or someone
was on on like control of the bet didn't even control the bet
right? Like it's about you.
What stops someone putting a position in and doing some crazy
shit like that? You know what?
I mean like nothing right like that that's why Sunday's markets
are like illegal yeah, but you you got to be really careful
betting on the words and somebody it was it was a pretty
fun my my coast the the lucky lead show Emily was crypto.
She actually was on that, so she hit the she.
Hit the She hit the that is a big one.
That is a big one. Now you love to see it.
Listen, I, I, I love to see that.
What's good? We we haven't heard too much.
Oh, yeah. He wrote about his book.
Yeah. Someone tagged me.
I know it's a book thing. I I know it's tied to the book.
I just didn't bother to look further than that.
Dudes just starting to annoy me a little bit.
Anyways, anyways, great. Oh, good.
Yeah, we got we got a birthday twin here.
Love to see it. Let's see what people think.
Someone said Labor Day. I think Labor Day is a little
too early because people are just getting like Labor Day is
like mentally Labor Day is like really after like when summer
break really ends, right? It's like after, you know what I
mean? It's like after Labor Day and
people are actually like, I mean, back to work.
I don't know, Europeans are back to work.
Also, I back in September. That could counter effect the
pump, you know, like there was the your reports get back from
like they're like four months long vacations.
You got to be careful with that. Anyways, Tyler, on the other
side of the market, the memes, the memes.
Talk to me about the memes. Talk to me.
Talk to me about the Nero saga. Pull up the the Nero.
Which one? The one on.
You know what? I already have that one open
because your boy, your boy's been waiting for fucking entry.
D Log. Hold on.
Where is it? I I There it is.
I already got that one on back. Oh, there.
Oh, yes, more red. Can we fund it for entry?
Yeah, I'm, I'm happy to to fund everything.
I heard some really, really bad things about this coin.
So I actually did send this to a buddy.
Like the bubble maps is terrible for for this Nero coin.
Like there's a cluster that's got like 70% which actually
spooked me yesterday. Is that always bad though?
Like can we? Do we remember?
The really weapons, no, that's the thing.
So like I let that spook me and like clearly there's been
multiple coins that have done just fine.
You know, with that kind of central supply, certainly it's
just it's risky in the early days.
And then is, I mean, we know it's risky in in the salon
streets. I think we're learning a lot
about the differences between Solana and and Ethan.
Like there's been this new narrative, which I agree with is
that the Solana memes are cannibalizing each other.
And quite literally, the Nero. The Nero tokens on Solana are
cannibalizing each other. Where they at?
I haven't looked at them, do we? Know let's see like they're
they're red so they're the they're the volume meters
there's one at 32,000,000 it's down 24% that's or that's.
Why it's chocolate? And then there's the capital
letter. I I did not buy.
It do you want 4 million? Yeah, they they all screwed
themselves. Yeah, hundred, a hundred, a
hundred. I mean, this one of the two
still looks. Oh, that's the ETH one, that's
the ETH one, that's the ETH one. I was like this one, this one.
Oh, this one, this one. Hold on.
No, sure, that's not the one. It's basically they all look
like at this point other than the ETH one.
I don't even fucking know how to find this thing anymore.
That's the problem, right? Like if you can't find the coins
by by typing in the name like that is a real problem.
And that's why when you have multiple tickers on the same
chain, it's just such a. Oh my gosh, such a problem.
This is it, right? Is this it I.
Think this is it. I don't, I mean, I don't know
what's the the real one and what's not the real one.
Then the one that's the the volume leader saw 56 million in
in action yesterday and it's still at 33 million.
So what? What?
What are we doing here? What?
What are we doing with this? Tell me more about Nerone.
We're we're just slamming the buy button.
We we got, we got to find out our our personal entries.
I think the upside is just too high on this one.
I've been I've been coping from the sidelines.
Like I'm not like slamming full port or going like heavy into
this thing. But I mean, this is one that has
like you like it's got 10X upside from here, right?
Big claim. That's the.
Thing about ETH that's so appetizing for meme traders is
that it's not a cannibalized market.
It's not a crowded trade. You've got Pepe up top, out of
reach for most people. Are you seeing the out of?
Reach the MOG chart looks fantastic.
It's so beautiful. Oh.
Man, definitely not trading mog running to, you know, any number
up to five. Billion.
I'm fucking talking here. I'm so comfy in my bag with my
cooking, dude. It's great.
That might be the best. That might be the like the
single best chart. I think it is the best chart in
crypto. I mean, surely this is the best
chart in crypto, right? Like let's just talk about this
for a second. Like this is this.
You can You can hang this at the Louvre.
Yeah, I don't think we realized the importance of that like
extended 8 to 12 months of just grinding like near 0.
Yeah, I had it all along, brother.
I I entered here and August, I had a second, fourth start here,
out of here and I waited and I waited and I waited.
That shit went crazy. I.
Think you have to have that and it's, I think it's just, it's
like the opposite of these fast moving coins that we see on, on
Seoul now is that when people are up those crazy multiples
that fast, it's just so much easier just to get out and, and
go chase the, the next one. You're not committed.
You don't have any time into the token.
Like even with, if you don't remember, like WIF didn't like
wif took a long time to, to move like it.
It was like grinding low and like in December into January
and like we had some multiple -70% pullbacks before it
exploded. But that like gave time for the
community to develop and you know, a lot of time for folks to
exit without the conviction. I think those those stretches
matter and like we don't have those anymore.
So like these, these tokens are running to like 100 million in
two to three days. Now I like this, though.
I'm telling you, I don't have any boom, but I'll put a bet on
that while most of those other coins will be zero in six
months. This shit's getting out.
It's going to be all time high. I'll be on that side of the bet.
I'm not shorting Bohm and I've said this on the show before.
I just I don't have a read on Bohm because I just don't ever
see any content about it. Like I it's never on my
timeline. Like I don't know who the bone
holders are. Apparently I'm not in this this
corner of crypto Twitter, but I I see zero bone comes.
In damn it you're but now that you said that on on FOMO hour,
because let me tell you, the bombers listen to our show.
So, so you're about to see everybody make sure this
motherfucker sees you guys on the feed.
The other one, which by the way, remember that on the show, this
has become now my favorite coin that I don't own.
I need to listen to the show actually, moo moo.
It was 130 mil last week on the show.
We said, what are we saying? We all agreed.
You mean Mando, We said this shit's going to fill that wig
and it's going to go. And you and I were both like,
let's wait for $100 million pullback didn't got it.
And they went up 100%. I think Moo Moo is a screaming
buy like on any big disc. It's already down from like the
recent look. At that are they?
Are they? Sponsoring Ashley did I see that
they're like pulling up the sponsor?
Do a lot of that stuff they're right there I mean hit hit my D
ABS momo let's work I mean you can work with formal hour fuck
it out. I'll work with you guys.
We'll work with you guys. I mean, what's that the.
Long is it a Wick to a billion. It has work to a Billy.
You know Bruce when XP said what the fuck is this?
Long way but it was a whip sale that bought $2,000,000 in one
clip. That's what that Wick is.
That's dude. This thing is looking good
though. I someone said they bought live
last time. I keep losing my plug here,
sorry. My Rd. cast is on the floor the.
FOMO hour is is quite literally giving me FOMO for for a few
different coins. And the FOMO, right?
Like the Golden Show? Expensive coins.
Oh, the point of the show is not FOMO.
Actually, I guess I missed some of the origin story.
Yeah, it was it was everything you need to know without having
to FOMO. It's kind of I was a tagline.
But so it's like you come here, you listen to the show for an
hour and and you don't FOMO, but it's actually become the main
source of my FOMO. Sometimes football can be good
at times. You know what foam was good.
You know, what do we think is a good entry for I mean, we don't
really give entries on the show, lads, So I don't know I'm you.
I'm I'm praying for sub 100, but I don't think I'm getting it.
So if that helps. But, and again, if it goes sub
100 and goes to 0, don't fucking blame me because I got not
you're in charge of your own finances, you know.
But yeah, we need. To get over here, I think he
he's been deep in the narrow streets.
I think he said he played all of the Solana coins.
He missed the with one that he. I don't know if he's in the ETH
one. I I assume he he just played
them all, no? No, no, no, he missed the ETH
one. So he went like everything on
Solana, like motherfucker bought every coin on Solana like shark,
catfish, Nero and Nero. Like this.
You got to see like we have original group chat meet Mando
and Ovie right for the show and and Mando was like, what is
going on with you? He's like, you've taken more
trades in a week than you have in a year.
You're like, you need to fucking settle down.
I mean, Obie's out here just full on, you know, raising his
little newborn and. He couldn't know how he's in the
Nero war. Like he's like, I'm in the war
and it's because I've got a lot of time on my hands that come at
home. Danny asked me this morning,
Sid. He was like, so what's up with
Ovie? What's wrong with him in the war
twist? Turns.
I tried to get him on the show today but he was too busy
working. But it's he Ovie is Ovie is like
full blown. It happens to me too.
Mando always laughs because it's either Ovie and I.
We have these weird pairs where we get chopped and lost a lot of
money, sometimes make some, sometimes lose some and we just
over trade. I think Ovie is over trading
right now. I think, I think.
But I'm telling you that's why I told you before coming to show.
I'll put a bet on it. I mean it's on the record, so I
won't bet it's on the record. You tell me with and boom will
probably all time highs with all these Nero coins on Seoul.
I'm talking about each one is is it's not there anymore in six
months. Like I wouldn't be surprised.
I think what happens is that memes out goes to billions
consolidated. People want the next new thing
because they want to hit the same thing the next wave, the
next Pepe. So it's not it's chain agnostic,
right, This thesis new memes out flavor of the day.
That meme dies. Newer memes out third day that
memes like newer and newer meme and then consolidate because
you're down from 1000 soul down to the last hundred soul and
you're going to go put it back in a safe haven.
It's probably solar wave. Like that's how I sit on Solana.
So my main position on on soul, but my only soul bit I was with
just because I'm just and maybe I have I bought a little bit of
AI forgot which one, like didn't flavor of the day for fun, like
small size, like 1020 grand, but the bigger ones because I'm
like, well, the biggest meme corn on Seoul is whiff still
right? Almost some mistake here.
Bonk. It's not really meme corn.
So and the only coin is the cycle that have Coinbase
adjacent listings. There's pep and whiff have
futures pervs and bonk has full blown listing and and that's my
call. Like that's really my call.
I I, you know, now am I missing 10 XS and 100 XS not trading
this? I am, but I'm also missing
losing, getting chopping myself to zero.
So I'm like so with Mark Pepe's all I own right now in terms of
tokens. It's a strong bag.
I, I tend to agree that it's, we're going to see consolidation
to the top. It's just, it's just harder than
ever. Like in the, the mid tiers, like
they'll run together, but then they all fall together and you
see it when any new tokens launch.
Like it's basically a sell off across the board to fund those
new tokens. We saw that with the Nero action
this weekend. Basically every meme on the
board sold off. That's not really sustainable.
And like we're just, I feel like the, the loops are going to
that, that's the downward loops, but basically right there.
And at some point people are going to get tired of it.
And I, I do agree that it's just easier.
It's easier to buy the big dogs. Yeah, first of all, like Whiff
has been trading like trash compared to Soil because Jump
has been selling a lot of their bag.
So they were like the main market maker for Whiff and
they've been offloading some of it.
So it's like, that's why I passed 2.8 when someone went to
192. This shit didn't break out,
which sucks by the way, 'cause I was like, fuck, it's a big trade
on that. I was gunning for 3/2 to sell
half the bag and then like keep it another one for breakout.
That didn't happen. But there's stuff like that
happening and then there's a lot of stuff, but it's just, you're
right, man. Solana's soul cannibalizing.
I love soul. This is my main bag.
I've been saying this since Q4, but dude, it's like it's
cannibalizing. It's cannibalizing.
I agree, and I've been talking about this a little bit.
Like pump, like pump, it's the hottest app in crypto.
I mean, it, it might be the I mean, it's it's leading revenue
generation. It's bring up absurd numbers,
but like it's also it raises the question for me.
Like right now I'm just thinking through it like can it, can
these numbers last? And I guess in the in a Raging
Bull market where everything you know or, or huge amounts of
money continues to to flow. But like they're taking a rake,
right? And like we've seen, seen what
happens when, you know, players take Rakes in in the market.
And I'm not saying it can't go much higher from from here.
This is wild though, right? Like you posted about this two
hours ago, pumped up fund hit a smashing Ath of $2.36 million in
revenue yesterday. That's three eight daily revenue
of the past week and beat the prior high of 2,000,000 back in
July. 1st Pump is now annualizing 336 million, 336
million in revenue when they're less than six months.
Old, yeah, I mean, if you slap a 10X multiple onto their annual
revenue, they're already a $3 billion company that's.
Responsible dude, I I think it's possible man.
Like this is, I think it's possible.
I think like with full blown retail 100K Bitcoin mania, I
think it's possible. Yeah, I'm definitely not calling
it top by by any means. No, I think it's going to.
Continue. I don't think any of us are.
I don't think any of us. But anyways, another news,
Tyler, one thing I found fun and, and then later after this,
be ready y'all make sure you're tweeting for the robot's pins.
But I really like this DMV news 'cause you know what?
Why? Because in 2021 when I go into
NFTS, I, I used to say I'm Bush NFTS cause like obviously like
what's gonna happen for art and provenance, but also one day
your car deed, your house deed, all that was like kind of the
pitch, right? To stop the narrative.
It's gonna happen. It's really happening.
So tell me more about this. You said California is like the
second biggest economy, but like, tell me a little more
about this DMV news. Yeah, so yesterday the Avalanche
chain announced that the California Department of Motor
Vehicles has been digitizing car titles on chain.
The implement implementation has already begun 42,000,000 car
titles already digitized on a DMV run blockchain.
This massive news here from the biggest DMV in the United States
A few more details digital titles will soon be claimable by
car owners via their new mobile wallet app.
So they're also launching a mobile wallet.
There's going to have Avalanche smart contract will serve like
an escrow function, allow owners to track and manage the title
process, significantly cutting down on the trips to the DMV
that require, which we all hate in the United States.
And there's also things like an early warning system for things
like line fraud against your title.
We even saw folks like Mark Cuban weigh in on this overnight
and he was focusing more on the crypto aspect.
And I'm quoting here. The reason why this is huge for
crypto is because the people holding the tokens will have an
app with an Avalanche wallet. 10s of millions of Californians
having and using a crypto wallet over the next five years
normalizes the use of walls in crypto for normies.
So I, I was focusing a little bit more on just the blockchain
use case and, and how cool that is because I'm with you.
When I first kind of got into crypto, I'd been through that,
that house buying process, condo buying process and just know how
terrible it is and how much better it would be if all these
titles were on chain. And now we've got a your
corollary product car titles already on chain.
And it just feels like this is politicians.
This is actually all coming from Gavin Newsom when Gavin Newsom
has has caught a lot of heat and rightfully so for for some of
his other policies. But this is because of a
California policy specifically looking at blockchain
development. So this is this is how.
Apex is trading. I mean, this is pretty big news.
What does it mean for our holders?
What does it mean for my buttocks?
Oh my God, I saw that and then. Apex is doing good.
I feel like AVAX infrastructure is overlooked.
They have good BD team. Yeah, they have good BD team,
that's for sure. And then the other thing they
know just mentioned this, but actually we did mention it on
the show. We didn't mention it in the
beginning. There was part of Tyler's top
100 today. That was on the more or less
good news. So what?
What's up? I saw the Rainmakers product get
shut down, so what's that about? Yeah, some surprise news.
I don't think we've got all the full history there.
There's there was a tweet circulating around that
apparently someone had sued them for $14,000.
They didn't want to settle. They went to court and then the
person effectively approved that the NFTS were securities and now
they're shutting down the, the product line.
And that's rumor. So I don't have, I don't have
official sources on that. So that, that was the rumor.
So it's what's caveat that I think they have come out and
said they are going to provide cash payment for card holders.
So those who still hold the NFTS based on a few different
factors. So I don't think we have the
exact info for what those cards are going to be worth.
Like I still hold a few dozen Rainmakers cards and this is a
surprise. They sold rookie cards this past
season. So folks thought they were going
to be able to use those cards for for multiple, multiple
seasons. I think there had been some some
whispers that that DraftKings didn't love its RM products
compared to its mortar traditional fancy product, but
there weren't really any hard indications that they were going
to be, you know, pivoting away from it this soon.
So this is Tafking. 'S lawsuit appears to be headed
for trial after judge received the denied emotions to Mr. Case.
The company is often buyouts customers playing the rain
makers while empty collectors will still have access to the
collectible. I guess we'll see what happens
there on that front and and cover that.
But that was, I think that was, I think that was a good run
around the block. Tyler, I think we're ready for
the real business. What do you think?
Let's do it I. Think we're ready?
I think so today, just for ease. I I love doing the whole
questions thing, but we're just gonna we're just gonna we're
just gonna we're just gonna like do that Twitter picker.
So Sims got it ready in the back for yeah, you know what?
I I actually I'm yeah, mix it up.
We gotta mix it. Up.
Yeah, we gotta mix it up. I'm just not down for it.
So hopefully two awesome people who follow us closely.
Someone said thank God, come on, Harry.
But you know we can make shut we can make it stricter Sims if you
want the the tweeting thing, but let's see let's see what we get.
We got some good stuff for you guys.
I. Put it quite quite strict today.
OK, perfect. Let's see.
Let's see, who are the two winners for the robots pins and
two more on Friday. Shout out to Robot for allowing
us to do this and giving us all this money to give you guys.
Let's go. And the winners are Bonice CZ,
Bonice and Violin HC. So Bill, HCCC Bonice and Violin
HC, you have 75 seconds to get on stage because when we do a
Twitter picker, we want you to be on stage.
Quick, quick, quick, quick, quick, quick, quick.
CZ Bonice. CZ Bonice.
And are you guys even here? There you go.
I saw a request. No.
Are you seeing requests on your end?
Are you seeing requests yet? Oh, Bill's here.
Bill, that was quick. Soul Jam.
Speaker. I like that.
I like the buy. Oh, they're no, just one so far.
So Violet, HC's here. CZ come on, CZ.
CZ tune alive from prison. That's someone that retweets me
a lot. Is that a faroque retweet page?
Jesus Christ, is that it? You guys, they're here.
CZ bonice, CZ Bonice bio. The world is mine.
Look at that. Look at that.
You not a retweeter account. Oh, you know how I want to do it
on Friday, Tyler, Tyler on Friday.
I want to do it that people have to retweet and then I'm going to
on screen my fingers through the thing and it would just stop on
two people. That's what we're doing Friday.
Today we did this Friday we're fucking doing our way the way we
want. But I'll check if they're
retweeted. So if they didn't retweet,
they're auto cancelled like they went.
I check retweeted or not, you're auto not in the race.
All right, let's do it. Bill, what's up?
What's up? Hello, Are you ready?
Yes let's go he's like yes let's go all right let me share my
screen here let's go to play acknowledge let's let this load
one second let me refresh where else it's going to not do the
spin one second what's up Sims now I'm.
Just making sure everything's good.
Got some puzzies in there. I think he's saying he's
watching me. Yeah.
So we got two pudgies, 4 apes. I'm sorry, 4 ponks.
Holy shit. 5 miladies, 3 doodles, 3 mutants and bunch of
red guys. I guess two more red guys got
sold. So we also have two $1000 cash
deals because they got sold during the show.
Yeah. Yes, Sir.
And Spin, why do you get $1000 in cash?
You want the red guy that's sold.
It's sold during the show. Sorry, Robit, I know you want me
to put NFTS in there, but it's sold during the show.
Congrats. You win $983.00 in KO show.
Thank you very much. Thank you very much.
Well, you're very welcome. And now Bonnie's is easy, but
it's Are you ready? Yes, you are.
I see the hearts going. That's pit.
Oh my God, that was so close. You also win $983.00 in cash.
I was so close to the book. Yo, did you guys see how close
this was to the park? Yeah, I got to take this.
That was so fucking close. So close.
Well, that's funny. The two red guys that sold Tyler
the cash was won. So you used, you used to win
$1000 in cash. You know what?
I'm not mad at that. Not mad at you guys each winning
$1000 for this initial so but that where that would that will
start tomorrow morning, 10:00 AM Eastern start time for another
episode of formal hour on the radio that's.