Yo, what up? What up?
Good morning, good morning GMG. Monday.
No what the fuck I like to work with Monday.
Tuesday, same thing. Honestly, same thing.
Just as busy. August 12, 2024 444 Look at that
another beautiful day. To have a beautiful day I got to
cook my cocks in the house. Tyler, Amanda, how you guys
doing today? Great man, how are you?
I'm good, I'm good, I'm chilling.
I slept, I slept good. I slept a lot.
Tyler, how you doing? I was on with Tyler till like
11:00 PM. Like good.
A little tired this morning. We were up late listening to
Elon and Trump ramble on for three hours last night.
It. Really rambled.
Huh. Like that was a yap fest, right?
It was a yap fest. They ran around the horn, they
went. Then they went around the horn
again. They it was like.
Twice. You know, it was like when
Iranian people you want to say bye to your family and you're
you're leaving a dinner at the house and you say bye every step
of the way. We have a conversation every
step on the way out. So like when they said they were
done, it went for another like 35 minutes.
We do the same thing. It's like, oh, yeah, thank you
for having us. And they go to the front
entrance while you put your shoes on in 25 minutes.
Then you open the door, you go outside, you know, and then you,
you, you, you have another half an hour outside.
But yeah, that was that was a lot of rambling.
It was some, some parts were entertaining, some parts were,
you know, dragging. But but we, we, we listen, he
said. The word tampon and you know.
What? How did he say that?
Like, I just woke up to that, That being the one that hit.
I was like, what? So first of all, he said none of
the words like the first hour and a half and we're like 2 1/2
like, what, two hours in the stage?
Tyler, Yeah. We're the waltz guy, right?
Like he did that in Minnesota, Yeah.
But The thing is like so that we were expecting him to hit weird
tampon censorship, like when he was going to ramble to attack
the left, like Bang Bang, bang, Bang Bang.
And all of a sudden he did like he went on a fucking thing.
Like over to this guy Tim Waltz. You know, he puts him 10 lbs in
this bro. It hit and everybody went crazy.
It was. Even crazier than that.
I mean, he only talked about Tim Waltz for like 15 seconds in a
three hour conversation. And in that 15 seconds, he he,
he pulled out tampon. We got lucky there, Mando.
Like, it was like the 15 seconds he talked about Tim Waltz
because he didn't give him any time of day.
By the way, they didn't really even talk much about Kamala.
It was really about nuclear energy and Iran and North Korea.
They went around the horn on like, I'd say like 6-6 or seven
key issues. We could maybe get into it in a
little bit. Yeah.
Tell us more about Biden than Kamala.
Yeah. I mean, tampon was down to 3%, I
think. Live, it's like it.
Before this speech, it was like 4 to one.
It was down to like 30 to one. That's how unlikely it was.
Oh my God. He didn't even say Tesla, for
example. Like he was like, dude, he was
beating around the Bush. Like you're like, how could you
speak? Three hours with him and not,
say, Tesla? That's the craziest part.
He said so many words.
He, he, he said hundreds of thousands of words because he's,
he's, he dominated the conversation.
It was Trump. Oh my God, 95% of the time.
He long used one word. Yeah.
As far as the yeah coin didn't
go higher, well. I'm sure we'll talk about it in
your recap because it was a fun night overall, but there was not
many coins. Actually, I think everybody was
expecting a runner this morning. I think people are expecting to
wake up to like a fifteen, $20 million coin and I don't think a
single coin made it above like 2 mil and then like two of them.
And then out of the two, they're probably at 0 to this morning.
I haven't even checked yet. And she sat down.
But anyways, sit down the show today, today Mando's market
report will go over everything crypto macro.
We got some numbers this morning, etcetera, etcetera,
etcetera. Tyler's top 100.
I'm sure we got a lot to talk about.
We'll talk probably again about last night's lines and
everything. It was it was a lot of fun.
And then Robit loot box pins today.
So 2 lucky winners, 2 lucky winners will be selected from
the audience. You have to be listening to us
live in the audience and you have to retweet the Twitter
Spaces plus follow us and Robit without whom this wouldn't
happen and you get picked. I think by next week we'll be
able to have our own Wheel of Fortune, our own in house Wheel
of Fortune to see, to see to to see who comes up to win.
We got we got some nice. We got some nice stuff.
I just did the loot box before coming on so.
But anyways. Anyways, anyways, without
further ado, let's get right into it.
Who is the man Macro daddy of the land?
Can you dig it? GM, everyone.
So we did have a bit of a macro day today.
We have PPI which came out. PPI came out slightly below
expectations, about nought .2% below expectations, which is
kind of on the cusp of oh, that's a little bit too low.
Normally CPI misses by like nought .1 and everyone it rips.
So people might be a little bit scared that we're seeing a slow
down the economy again with that sort of a miss.
We have CPI tomorrow, which which is normally the bigger of
the two figures. So we'll see, we'll see how that
one goes. But this is definitely indicated
that rates are going to be start coming down.
We saw yields drop, we saw stocks go higher on the back of
that and we saw crypto also go go higher on the back of it.
In terms of crypto specific things, Tether just minted
another billion. Dollars.
Billions. Billion.
Interestingly, they actually burned 50 million on ETH.
What does that mean? They minted, they're just moving
obviously funds off chain as well.
Like that's not a great sign for E that they're burning Tether on
ETH and minting it elsewhere. But they minted another billion,
which is like people got very bullish about a lot of people
track the whole market based on stable coin inflows.
And that's that's generally a good sign.
It's been more more dependable to look at than let's say the
ETF inflows yesterday. It's kind of an even bag, like
Soleaf is now down about 10% from that local.
High one more time it's. Bounced a little bit this
morning, so it seems to be coming back.
But yeah, that's majors are all kind of, there's not really much
going on, to be honest. In terms of what I saw people
now focused on. I would say the timeline's
gotten particularly annoyed. Again, I would say, I think
people aren't making money on meme coins, people are not
making money on altcoins and they're getting chopped in
majors. That's kind of where we're at.
I think the, the, the number one tweet I saw was that some people
are now looking at some of these really beaten down finance
listed coins for this year or maybe even last year and
thinking those might be the best longs right now.
And we saw some of those rise quite a lot yesterday.
Some of the gaming coins, for example, bounced quite a lot and
it just kind of felt like maybe people are like this, this is
the top $100, right? Like, so this shows you that
people are kind of focusing a little bit more on altcoins
rather than meme coins. Again, I think there's a lot of
negative sentiment around pumped up fun at the moment just
because of the amount of money they're making and no one else
is really making money. You know, it's a big deal at the
moment. Again, when it seemed like a
coin goes to 30 million, it feels like I noticed that on
mandate minutes now, like I put it out every single day and I
think Rap Dog got to like 30 today, but that's the first I've
seen in a bit. Everything else is just kind of
like dying. So it's definitely, it's
definitely been that sort of a market right now.
Obviously people losing faith a little bit, summer quiet people
just getting slightly annoyed. So that's my, what I've seen on
the timeline a little bit over the last week or so.
I, I saw Arthur Hayes come out with another, with another blog
that he does. It's a very good blog.
He basically says alt season comes back when Bitcoin goes
above 70 K and ETH above E above 4K, Solana above 250.
I, I think we need, I basically think we're going to be in for a
period of job here. And I've said that for a little
bit. I think until the election is
when we had the banana zone, sort of, but.
It all went down when he flipped from Bananas Zone to this Church
of the Chicken fucking thing, whatever the fuck that was.
Come on Raul, you know, like I'm going to invite Raul on the
show. I got stuff to talk to him
about. So I have to ask, is that chop
prediction till the election? Is that regardless of who wins
like this? Yeah, regardless of who wins
this. Is what happened the bananas
zone? Yeah, there was some stuff that
came out today even that Kamala's economic advisers are
actually from the previous Biden administration.
They're pretty anti crypto, which was not a good sign.
Those are the people who are going to be helping draft her
economic because remember, it's the Democratic convention next
week. Is it?
Next week. Next week, they're expect their
expectations that she will come out with a broad range of
policies over the next week or so, particularly leading into
that sort of event. You might hear announcing a few
things. And the fact that she's using
several of the of the kind of Biden crypto critics to help
draft that is is definitely not a good sign for me.
I always it has felt as though her courting the crypto
community hasn't felt that genuine to me.
But I do think that in either scenario, you will get a rally
on the back of that because I think the broader economic
situation will, will lead to more pumping over the next six
months and lower rates. And I don't see a bad recession
coming. So my my view is that, yeah,
we're going to have a pretty, pretty nice environment for
crypto. And if you remember last year,
last time Biden got in, everyone was like, oh, the stock market's
going to tank. Didn't actually it ripped after,
after he went in because people were like, well, he's going to
have a big spending plan. Markets just like certainty.
They don't like, they don't like uncertainty.
I definitely think the the drop in bitcoin's price has been
heavily linked to the rise and uncertainty, yeah, around the
political situation. And I think once that get
resolved, people can get behind a lot of different markets, if
I'm honest. This is so funny it should pump
since it's mostly left wing holders.
You comments? You guys comments?
I mean good, good, good comment, good comment.
It is a great movement. I mean, look, I drew some lines.
Remember that thing they call that a bullish Pennant?
If you listen to the show, you know, I always make fun of this
one, but that's what they call it tends to be right though, you
know as. Brutal.
As we thought we were going to chop just for the summer and now
it's so OK, we're going to chop deep in the mid Q4.
I mean, it's not like we're chopping all the way to 2027
here. So probably like right there.
No, I'm kidding. But frankly speaking, like here,
I think this is where the area where we fucking, you know, we
fuck around, find out like here, you know?
I think Mando raises a great point.
It's kind of my base case there. There's a lot of uncertainty.
And I think regardless of who wins like you are, the market
will create a narrative for why it's bullish for assets in the
Kamala administration as well as the Trump administration.
You know what it is, guys? Like yesterday, because I hadn't
looked in a while, I took some time to look at every weekly
chart like this is the weeklies and people are freaking out
like. Yeah, like no one's making
money. That's the.
Problem this looks you're not making money.
Falling Pennant. So I, I think there's a chance
that we hit 55 K again. Sure in Bitcoin, I don't you
have to think about what is that when we broke out of the that
range that we're in for however long it was like nine months
last year, it was on the back of some very, very bullish news.
My personal view is it's going to take a lot.
It's not just going to be like a gradual, oh, we get out of it,
something's going to have to be like right, violently take us
out of it, liquidate the kind of short position that's been
around that sort of level. It may happen just before the
election, it may happen at the election.
But my guess is that people will probably start buying assets,
particularly things like crypto into that election and on the
back of it. We'll probably see.
That's when I think we'll we'll break out to an all time high.
Yeah, let's see, we just got to wait a little bit, get closer to
election time and and we'll figure it out.
So anyways, we're not looking that bad.
I mean, look, because just, you know, kind of chilling around
the 60K mark, ETH actually was outperforming yesterday.
It was doing good. It was around 2700.
What are we, we nearly hit 2800 yesterday, right?
I think it was 20. I'm cheering on 2800 I think
yesterday. That was one of the first days
with no outflows from Grayscale ET.
Yeah, yeah, it's first time. Congratulations.
That was that was a good one. What's the outflows inflows
looking like? Very quiet, if I'm honest.
The ETF only did 5 million of inflows yesterday, but at the
same time, there were no ECTF outflows.
Bitcoin did 28 million of inflows yesterday.
So just a quiet week. Last week we did have net
inflows on the week, but it was the tune of I think just sharp
200 million. Yesterday was a whole day I
think in some Asian markets. So maybe it's quiet, quiet.
Overall, Day didn't really feel like much much was going on.
OK. I'm not really worried about the
the setup of the crypto market. Don't feel like we're going a
lot lower. I just think that some of the
for some of the gambling stuff that continue to like actually
make sense. You need new money, like
material, new money coming in and to take us to like those new
time all time highs. And I actually, I just don't
know if the marginal dollar right now if you come into
crypto, because we, this is a really good way of judging it.
Like six months ago we were like, where would you put your
marginal dollar if you were here to gamble?
Six months ago it was like, well, we, we didn't really want
to put it in NFTS because it felt like they weren't really
going to bounce. You put it in meme coins right
now do you put into meme coins? It feels like you could lose a
lot. Right now watches.
Which one? Which ones are you going to put
it into? I think you you might put it
into polymarket like just to bet around like.
You know, you know what? What Trump did say yesterday.
Yeah, like. What epic.
Oh, did he? Twice.
So fucking weird someone clicked that for me.
I, I, I mean, it was so fucking long.
You'd have to have someone go through a transcript.
But he did say epic in the first, like way before any other
Poly market word like that was like right off the bat, who is
going to be epic? Epic, very epic is the biggest,
biggest audience ever anyway. Yeah, but he did.
He did say epic though, so that was funny.
Tyler, final thoughts on the market before I I move on.
Or are we good? Yeah.
I've got more thoughts on like the Poly market versus pump.
Actually, I think maybe we can we can say that if we want.
But yeah, broadly on on the markets, it's quiet.
This is a weird week, right? We, we've got all these data
points coming out. There's still like this, this
massive overhang with is Iran going to actually attack Israel
or not? Just so much uncertainty.
I think once we get out of this through this week, perhaps next
week's a little smoother. But yeah, we'll see.
Yeah. I mean, look at the I haven't, I
haven't pulled this chart up in a minute.
I mean, look at this total 3 chart.
I see why people are not happy, you know?
Ouch. It's this this guy right there.
It's just continuously going down since like April, right
April 2nd here. I got the cross on it's just
continuously yeah, it's pumps image just go down.
It's just lower highs and lower lows, actually three of them
here. So it's just been continuous
choppy on the on the altcoin side of.
The coil called Bitcoin Dominance top last week, so
hopefully. He's been good.
He he's been, he's been cooking. I mean, wow, Bitcoin dominance
is 57. Mando was calling for 60 points
couple weeks ago. I I don't think we've topped on
Bitcoin dominance. Yeah, I don't think so either.
You have to. The thing is you have to be a
pretty bullish take on ETH here versus Bitcoin because I think
that's the only real thing that really moves dominance and I'm
not. I don't think we're going to see
a medium term outperformance of. I mean, the good thing is that
Solana goes up with with Bitcoin.
So I think we're fine on that front anyways.
Anyways, anyways, Tyler see what you got for us four daily NFT
and crypto analysis Tyler did on FOMO our calls the kids can.
Bring the bash of bears. All right, We've we've got
crypto mayors chopping ahead of those inflation data memes are
falling pretty much across the board.
And Bitcoin headlines. Marathon, a Bitcoin mining
company, they've raised $250 million to buy Bitcoin through a
new private offering of convertible senior notes.
So another big company buying El Salvador announced a $1.6
billion private investment in a new Bitcoin city that will be
built in their La Union seaport. So El Salvador doubling down on
Bitcoin. In other news, we saw optimism
tease the unification of the Super chain, including a better
US for transferring assets that building and more for all the
Super chain L twos we saw crypto startups interesting stat here.
Crypto startups raised $2.7 billion in Q2.
That is a 2.5% increase over Q1 in amount, though a 12 1/2
percent drop in overall volume. So total deals down total amount
up a tick Zai games, they dropped a new road map on chain
governance, the liquid sticking token and more games in the last
week and then forecaster they're still building.
They added a new explore function allowing users are
discovering new apps and frames and memes.
So Mr. meme point major slightly rad now about two to 7% across
the board. Giga was the big outperformer on
the day, pump fun, but across the entire timeline right now,
they pulled in at least 850,000 in revenue on the day on the
back of the Trump and Elon conversation, 10,000 plus meme
coins deployed within the three hours tied to the conversation,
though just 10 making it to radium.
That's about 0.1 point 1.1% hit rate there.
Then polymarket. Polymarket a winner as well.
The live market on the Trump Elon combo.
So four and a half, $1,000,000 bet.
About two and a half million of that came in live during the
three hour conversation, but only three words did hit.
Yes, I'm sure we're going to that in a minute.
In NFTS, I just want to headline a pretty interesting trade is
doodles and bored API Club blockbuster trade.
A trippy 8 and five eighth exchange for 14 doodles, 14 good
mid tier doodles plus 11 duplicators.
So NFT trading markets still somewhat alive.
There's no such things in mid tiers anymore, Tyler, we left
that in 2021. You're right.
You're either A4 or you're top, top top NFT now.
But no, but seriously, I I let. Let's start with the pumped up,
fun conversation kind. Of tweet in the in the group
chat to maybe bring up because I thought it was.
Is that about OK, Well, there you go.
That's that's that's a good one. So let's start there, right,
because you just sent that anyways, let's start with the
pump. I mean, I wrote some thoughts
this morning. It's first of all.
We've learned something from the Poly market and pump fund thing.
Tyler being the house is the best business model so that's
for sure and and and always has been.
So let's see what you just sent us.
So it is really APVP world out there from pump fund data, 1.4%
bonds 0.008% survive more than a few days, 0.002% maintain
1,000,000 + 0.001% rich 10 million.
Like see, man, don't beat yourself up, bro, you've you're
part of the point. OO 1% Interestingly, your
highest chance for success is not to bid pre bond, but to bid
on good, but to bid on good coins. 1,000,000 yes, that that
one one example. I'm not going to name the
example that's I don't want to show it here, but I guess good.
And so here are here's some stats.
So the question is is flat out I'm going to ask you both title.
We'll start with you. Is pump fun ruining meme coins?
It's ruining the the market caps of the bigger meme coins for
sure. I mean, every time we have one
of these these big events like we see the rotations, I think
it's hard to argue objectively that we're not seeing that the
capital rotation play out and we're going down the the roller
coaster loops due to saturation. Now do I blame the pumps out fun
team? No, they created a great
product. Good good for them and they 100%
deserve the success that they've had.
But I think you'd have to be turning a blind eye to the
impact it's had on the market. And for me, it's not a surprise
that point O 1% or whatever make it like that.
That was always the game right? Like even before pump fun, it
was very rare for coins to actually make it.
I think what's been painful to watch is just how how quickly
the the the cycles have have, have run, how short the, the
duration of the mid tier mains who get to 20 million to 50
million, how quickly they just fall back down and nothing has
staying power. And it's just been harder than
than ever to actually, you know, to, to trade these profitably
from my perspective. So that that's my that's my
working view. We're getting Nikun saying no,
Shivam saying no, brownie burst is saying Nah, and then Ugly is
saying yes. The illusion is bad for the
space. I mean, Amanda, what are your
thoughts here? I think in general, the idea,
this is not just for mean coins, this is for all coins.
The idea that we were able to proliferate the number of coins
by factors over the last over the last few months has probably
been bad for a lot of the altcoin space.
Like if you go back three years ago, people were people would
only really buy altcoins for these outsize gains, right?
And now you can just create a new coin tomorrow and everyone
just get pulled up on it. Like it's become so easy.
And the fallacy of a lot of these other coins has kind of
been exposed. So I think it was a natural
response, this sort of a platform to the failure of
altcoins and just being dumped on by the VCs.
We created our own coins. We can just do our own basically
PvP Ponzi's VCs aren't dumping on us, etcetera, etcetera.
That being said, now it has gone to the stage now where the
lifetime I mean that those stats are are wild.
But like to actually be above even 10 million now as a pump
dot funk coin is unbelievably low odds to be above like I mean
it's only one coin which is above like 50 million.
It is really, really bad. So I think what it's telling you
is for in terms of Solana meme coins, is that the lifetime of
the memes have gone down even more.
You can sometimes catch that meme on that, on that, like they
said on that route from 1 million up to like 100.
But it feels as though a few months ago coins were just going
to 100 at will. Then it kind of went to like 50
to 70 and now it's like 30 or 40.
And then they just kind of stop. And that may just be a
reflection of the amount of money coming into the space.
But I do think that people are generally not making as much
money on meme coins and that we probably, you know, this people
might turn against it over the short term.
I do still think that it's such a, it's a good product market
fit, but the idea is to just make any coin about anything
that'll always be there. I think it is the way that they
have done that in some ways, like just expedited what was
already there in the altcoin market, which was like, no one
really wants to buy into somebody else's VC like Ponzi
Griff where they just dump on you for like 4 years.
So this is this is kind of made it so that if you're already
here, if you're here just to gamble, which is what the vast
majority of people were trying to do, then you have like a bit
of a pure product. But that also then depends on
new entrants coming in. And yeah, I think it's also just
means in like there's so much temptation as a big holder of
any coin just to get out so quickly.
So you have this like continual churn of of meme coins.
Like if you're a holder of with like, I think Obi was fit in
some of those groups for a while.
But like, there have been new coins coming out every like week
from those guys. And they'd be like, you know,
they they'll and eventually that one of them will be like, OK,
I'm just going to sell my wiff back and get into the next one.
Yeah, that isn't the case with a lot of that wasn't the case in
the past for a lot of these memes.
And so you had like slightly stronger unique communities.
I felt like, like even when I look back last a year or a year
and a half ago, when you had like Harry Potter come out, that
you had MOG, you had Pepe, I guess.
Terrible. Remember, it was just.
Yeah. But like they had a little bit
stronger communities, a bit more unique feel that like really
built around them. And I feel like it's, it's
become, I mean, you know, I, I feel like we do a good job with
it, Epic. But like it is true that it's so
easy if you're a big holder of any coin right now, like, OK,
I'm just going to move on to the next one.
You know, like if this isn't working out, Bam, done out and
there's nothing anyone can really do about that.
That's I'm not really blaming holders.
It's just like the incentive structure in in memes is, is
moving. It's this velocity of memes,
basically. Yeah, it looked like it's it's
very similar to NFT 2021, right? And then blur came around and it
was everyone blaming blur for making, you know, access to
liquidity fast and you know, the race to 0, whatever the hell,
etcetera. At least I'd say the difference
between blur and pump fun here is that there's no incentives to
farm on pump fun, right? So like there's a like a blur of
people who are farming token. Nah, Nah, Nah, season one,
season 5 and 12 fucking this and then it ends up into gold.
Pump fun has no incentives yet. It's just here you go like every
like, it's like a everybody can. Go.
It doesn't need it. Doesn't.
Need the token? Why do we need token?
We're making $3,000,000 a day with the token sellers.
That's the thing, right? It's like I wrote this morning.
I was like, imagine blaming the casino for your gambling
addiction. It's like just there's there's
there's a bunch of ways to you can buy a bunch of mid caps,
small caps, mid mid high caps that could probably do well over
time, But people want to trade on the 13 second time horizon
and think that they're going to score the next wave from pump
Fon. I think Alon the founder, he
actually just put a tweet out right now, like literally like,
yeah, 11 minutes ago saying that there's a massive issue on pump
Fon today and he talks about the creation of it is where the
issue is. TLDR everyone trades on new
launches. It's simple and when you have
the highest upside. But he says the problem with
this is that most people there are far too many coins to choose
from and aping fresh launch is far too risky.
Right. True.
Like I tried yesterday night and it's just like it was like
000000. So it's it's far harder than
just betting on a on a word that could be said, you know, across
the board. But they're setting they're
saying, I think he's right about this.
He's a setting arbitrary limits and barriers to create a corn
only benefits the wild resource. Few that know how to game the
system is strictly worse than what we have today.
So I don't know. I mean, Tyler, what do you what,
what do you how, what do you think could make this better?
I don't know. I'm trying to read this right
now. So he's saying the solution
IS100X better curation. It needs to be safer.
I mean, so who who's the curating body, the cabals?
I mean, that's basically what we've got, right?
Who becomes a creating body? It's tough, right?
This is yeah, who's the, who's the curator here?
I think it's a hard problem to solve.
You know, we coming back to like the marginal dollar.
Where would you put your marginal dollar right now?
I wouldn't tell anyone to to get in the pumped out fun streets
right now. Who's new to this?
And even last night, like 10,000 people were in the trenches
playing pumped out fun during the conversation.
I'd argue that the Poly market bet was, was more fun and more
profitable. And you can actually like use
your brain a little bit. And of course, like this was
gambling and it was speculating on what he's going to say.
But you could at least like have a working theory that, yeah,
guess what? He's probably going to talk
about illegal immigration in a in a 2 hour conversation and and
and win money on it. You know, versus trying to to
buy the right coin when 20 versions of the same word are
launched every minute. Yeah, that, that makes sense.
So Speaking of which, I mean talk to us because that's
another point that you had in your in your in your top 100 the
markets yesterday, I mean heated up.
The Bali market markets, yeah, I mean, they were a huge winner
last night. And I actually think there's a
chance that last night was a bit of a shift or a glimpse of what
polymarket can be beyond the election.
And Grant, this conversation was tied to the election.
And it's Trump and Elon too, the biggest figures in the world.
But they, they drew $4.5 million in action on which words these
two guys or these words Trump would say in a 2 hour
conversation on Twitter. And like, that is something
like, that's a concept that you can apply to like any major
speech, right? Or any major event effectively
going forward, right. You know, you could do it for
the Super Bowl. You know which which words are
going to come up in in a three hour Super Bowl broadcast right
there. There's a lot that you can do
with this. I was surprised at the volume
they got and I think it was also very interesting that more than
half of it came live during the conversation.
So there wasn't there's clearly an very active better pool there
and grinding it and it made the conversation more fun.
It made more fun for me. You and I, we were live
streaming and we were going nuts when any of the words hit.
I guess it's a quick recap. Only three hit guys.
So it was illegal immigration hit first within like the 1st 20
minutes. I hadn't bet that one.
That was a clear miss by me. I mean, it was a pretty that.
Was like, that was such an easy one bro.
Yeah, I should have hit that one and then MAGA hit next.
I think MAGA was MAGA was my lock.
I mean, even if it wouldn't come up during conversation, he would
have said it in the close. So that one was a Gimme and then
tampon, of course. And then the entire timeline
erupted because it was going off as like a four to five to one
favorite. And again, it was even, it was
even higher than that. Bitcoin bro, I can't believe
like no crypto no was a lock you and I cooked on that, but
Bitcoin I was I I could have I thought he was saying this
Bitcoin you know he loves saying the word Bitcoin.
I feel like he likes the sound of it.
I. Think there's some signal there
and I said that was my that was my other lock.
I was I was no on crypto. It was the first bet I made and
that was the most bet word by two XI think it caught like
450,000 in action on crypto. The next one up was like 250 K.
So definitely some crypto bias in this market.
And I was turning as high as like 65%, yes.
And like as soon as you heard Trump talking early in the 1st
20 minutes. So you could tell like that was
not a policy item that was going to be on his mind.
And if Elon would have brought up, I think he would respond to
it. But I think it cast doubt on
like, is Trump serious about crypto?
I mean, it's a part of the Republican platform.
I think he agrees with what he said.
I don't think he's lying. I just don't think he cares
about it. Like we've seen it now in a few
different occasions. Scamming ass sons would probably
like don't say the word Bitcoin. We bet you on that, all three
scammers. I saw.
I love the. Yeah, the.
I'm saying three kids. They're scammers to me forever
anyways. Thinks that Baron was right next
to him and tell him what what or what not.
Aaron was probably Max Long. No Bitcoin, no crypto, no the
worst. Think about it.
I'm not saying they're doing. I'm just saying it's very easy
to manipulate if you're the person at stake, like if you're
the center, like it's all about what Trump said, right?
I think for normal people it's very easy.
I think trying to convince Trump which words to say or not say is
a very difficult task. He's going to say look at.
His kids bro. Look at what his kids are doing
in the industry, you know? Not saying Jessa was wild
because he mentioned Elon's company and his car on multiple
occasions and just didn't say the word to.
Us at the very end Mando like the very, very like the goodbye
of the goodbye of the goodbye of the goodbye, because they took
40 minutes to they said they were done at the very end.
Trump was like, yes, we need more companies made in America.
I'm very proud of what you have built with your automotive
company. We're like, bro, fuck, come on,
just say fucking Tesla, bro. Like he kept saying your
automotive company. He kept saying your electric car
company like, but then he slipped tampon and a 10 second
rent. You sure he didn't know about
all these these lines, Tyler? Like, I don't know, but but it
was, it was it was, it was entertaining AF.
We we asked. Elon, he was going to get paid
for this. That was probably my favorite
part of the conversation. He's like, he kept implementing
Elon on how many viewers he got. He said there was like 60
million. Yeah.
And he's like, yeah, am I going to get paid for this?
Like Elon even explained to him how Tesla model SE3X and Y makes
sexy and that people were mad. They talked about Tesla for like
10 minutes and we couldn't get the word Tesla out of him, so
they have. To play the House so that
playing the house here means like taking the no side on on
most of these or just taking the opposite side.
I think that worked out in the debate.
It worked out again last night. So now we've got a few of these
under our belts. I think we'll we'll be ready for
the. Yeah, I think you and I should
keep those. We should keep.
We could. That was fun.
I had a lot of fun yesterday streaming those.
You know, I was trying to do pump Fun at the same time of
Polymarket yesterday and you're right, like one of them was way
more lucrative and more entertained than the other when
it comes to like live being live like because you can do, you can
do. Polymarket live like so they get
into a policy topic and then you can start to say like OK, do you
think they're going to hit? It here, Well, you stop slamming
censorship out of nowhere, right?
They started talking about Europe and what was happening
and it's interesting. Shops in 9090 cents.
We thought it maybe it hit and we didn't hear it, but people
were just betting hard on it live, which definitely add to
the phone and a little bit stretchy.
Yeah, that was, that was a lot. That was a lot of fun.
Anyways, what else you got here, Tyler?
What else you got here 1st? I'm going through your, I'm
going through the you're, you're lucky leading your newsletter
here. I mean, I saw this trade.
Remember when these trades, the only thing that this trade
reminded me, it made me sad. These trades used to be the
norm. This was another hour in NFTS.
Yeah, we'd see these blockbusters on the daily.
When's the last time you even saw a trade like this?
Probably. I mean, 2023.
I don't know. I can't even tell you if I've
seen one this year. I like the doodles bag if I have
to pick which side of this trade.
Giving all the doodles positive momentum, of course, yeah. 14
multiple rainbows in there. You got some, You got a balloon.
I'm just I guess the the bear market really desensitized me to
like rarity and midcap and oh, it's got puke rainbow like dude,
like I don't know. I don't know.
I think the midcap trees Mando, who's it?
What was this with the rec guy? Did some guy this some dude
spent like 50 grand on red guys the other day like on 2 red guys
is that what I saw? Yeah, there was a big some, some
red, red guys went through the diamond Dolly, only diamond
Dolly. She was a the golden girl.
But yeah, the we had we had some, some buys looks like.
Did you see the Did you see the advertisement for red drinks
yesterday? I did not.
Oh, I missed it. Look, these guys this guy
bought. Oh damn, one of them suspicious.
Oh shit he bought a. He's not a tagged rec guy.
We care. We care about those tags
anymore. I mean like.
We really don't. That's so 2021.
Remember when life was so tough back then?
We used to argue about about that.
What did you tell me? Rec Drinks.
Go on correct drinks we've got got living carpets now.
Is the new one of the new? I oh, no, no, I saw it.
Let's play it. I saw it.
I met this MFR in Miami right?
On the Living Carpets You May Know me from the hit ITV 1
documentary It's Showtime. I remember beating all of the
papers. National TV 2.
I knew that. Wasn't Hammond?
She thought it was hilarious. Do you remember?
When Nana used to say I look like Michael Bublé, Yes, Dad.
Unfortunately, my Hollywood career hasn't taken off as it
hoped, but I have landed a job selling.
Sparkling water. Wreck drinks.
He's been a holder for a long time, but that.
Is good he's. Going to be quite a few of these
things. That is good.
I like him. He's fun.
We he, he, we met him right in Miami.
He was there at Yeah, when you guys had the.
Yeah, he came to Miami. He's one of the winners of the
of the competition. This is good.
I mean when.
I mean when? When what?
A drank point. When drank points are you
farming drank points, Tyler? No, I need to be.
Put it at the bottom of Mando minutes now just.
There you go. You don't even you don't even
have a wreck guy. You can just get started.
So British love it. I love that.
Yeah, British people are very funny.
Very dead man. Yeah, it was great.
Remember when Nan you said look at Michael Bublé?
That is hilarious, Tyler. Did a side by side comparison
him on the rec? On the rec he kind.
Of looks like Michael Bublé from from wish.com.
You know, do. You see, I think they someone
sent out a tweet about it. No we didn't.
So where did I see it? Someone did a side by side
comparison with him and Michael Bublé.
You know what? I see it, I see it.
Look, what do you think? You cannot kind of gives me, you
know, kind of he's kind of kind of does look like Michael Bublé,
Does he, Huh. Not bad, not bad.
Living carpets. You're probably listening to
this show. You don't worry, Nan.
Nan was right. You, you you kind of didn't look
like like Michael Bublé. Anyways, Tyler, anything else
before we go on to picky winners today?
Yeah, maybe the only other one. It was another Polymarket
headline actually is going back. So they've partnered with this.
I saw Howard surgeon called Perplexity.
I guess Perplexity hadn't really been on my radar, but some of
the my is more deep in the AI circle saying this, this one's
pretty legit and they've been using it and they've been doing
a pretty good job. The team of Perplexity with this
chip, it's it's going two ways. So Polymarket will now show a
summary of news related to each of the betting lines powered by
perplexity and then on the perplexity side, they are going
to be showing. Oh no, he had perfect Internet
for 40 minutes. So that was, yeah, it's an
interesting one. I don't think they've started
the partnership yet. I mean, I haven't seen, I
haven't seen it, but it'll be I'll be curious to see what this
actually looks like in practice. You know, I noticed every time
you say a word that starts with P, you're your Internet.
Just. Goes off.
Maybe it's you're you're cursed. I don't know what happened to
Pack Moon, by the way. Yesterday.
Was that yesterday? Burns tomorrow.
Oh, it's tomorrow. Burn ends tomorrow and then you
get to tokens on the 15th. Ah, OK, OK, OK, OK.
Hopefully it's saves Solana. Let's say make Solana meme coins
great again. Yeah, make, you know, make make
meme Solana meme coins great again.
That's, that's funny. I guess we'll see where this
takes some. I'm looking at the news.
There's this like evidence that the crypto crackdown that may
continue post post from the dams that came out this morning.
I saw J safe shared this morning before the show.
Do we know anything more about this?
I said it. I said it before.
Yeah, yeah, I was saying that some news came out that she's
going to be having these economic advisors.
Who? Are not looking great right and
then 15 minutes ago Ted Cruz says what Bitcoin presents is an
upper engine real time to enhance residency in our grades
so taxes you see that did you guys see this even Drake left
Canada look at that I opened Instagram yesterday he he's from
he lives in Texas now what do you mean why because dude.
Doesn't he have like $150 million a year deal with stake?
Yeah, that's why you leave Canada.
No, but you, you. I think he has to be in Yeah,
he. Probably set up his maybe.
Maybe set up his deal somewhere. That doesn't look.
Is that a? Is that a passport though?
No, that's the driver's identity card, Yeah.
Where in Texas does he live? I don't know, but he left Texas
bro, and he probably in Houston actually know what he's pretty
tight to the J Prince, the Prince family there, right, J
Prince and Josh like they they run when his song mop Ties is
about them. Houston, they run music there.
OK, He actually had Kendrick Lamar's song banned in the
streets of Houston. They were not DJs were not
allowed to play the not like a song or else they would get in
trouble. So he's in the, he's in Texas
now like everybody else, you know, and so and so even Drake
left Canada. So it's only me left over here.
It's only me left. Where did he live there?
Was there was dreams of you coming to Portugal and you come
silent on me? I I kind of rugged you there,
but I'm not it's not off the car.
It's. Not Danny, Danny messing me
other day, we're all going to go live in Italy and then then text
me the next day being actually scrapped that taxes have
doubled. I was like, OK, OK.
So basically Danny Harold, myself, we're thinking about
Milano. I like Milan better than
Portugal, I speak Italian, I love Italy.
It's centrally Europe and there's a lump sum tax regime
over there, expats Repelli. They've doubled it, so we may
have to go back to Portugal. My only issue with Portugal is
there's no. We don't want you, you know, We
don't want to be anyone's second choice.
God damn it. Are you in are you in Portugal
for the long haul Mando or is this just like a?
I'm in here for the long haul, baby.
Man, this guy's living, bro. This guy's whole company, his
child, everything, everything's, he's, he's there.
He's there, you know, you know, he's a, he's a, he's our Guinea
pig, he's a, he's AB testing Portugal for us and then we'll
make a decision. I don't.
I don't need to move. It's so true though, like
Portugal is a good life I believe that Portugal is such a
good life. I want to go there may Portugal,
Portugal or or anyways stay tuned for another episode of my
life where I have to finally get around to leaving Canada, but I
I can't because I'm so busy and I keep pushing it forward
backwards. Anyways, come to Switzerland,
bro. Motherfucker, you can't even I
can't even afford coffee in Switzerland, bro.
This is easy. I go to Switzerland like two or
three times a year to see Danny bro.
You can. It's like $25 for two coffees.
Like I managed to spend like $3000 in four days in
Switzerland. I didn't even have to pay for a
hotel. Fuck this anyway, but I love
Swiss. OK hopes twice.
I like it.