1 00:00:01,120 --> 00:00:07,960 Good morning, good morning, GMGM, everyone, and welcome to 2 00:00:09,280 --> 00:00:13,160 another episode of Homo Hour today. 3 00:00:13,880 --> 00:00:21,560 Today is Thursday, April 17th. The sun is shining. 4 00:00:21,560 --> 00:00:25,720 It's a beautiful morning here in the northern suburbs of Chicago. 5 00:00:25,720 --> 00:00:29,000 Eastern Easter weekend is almost here. 6 00:00:29,240 --> 00:00:34,200 Jerome Powell tried to rain on our long weekend parade, but 7 00:00:34,200 --> 00:00:37,680 it's looking like Bitcoin crypto majors are shaking it off in all 8 00:00:37,680 --> 00:00:41,160 of his hawkish comments. And now the question, can we run 9 00:00:41,160 --> 00:00:43,640 all weekend? We're going to break it down on 10 00:00:43,640 --> 00:00:46,040 today's show along with a lot more. 11 00:00:46,280 --> 00:00:49,880 I was going to say no, Mando. What breaking news? 12 00:00:49,960 --> 00:00:51,960 Mando is in the studio here today. 13 00:00:52,080 --> 00:00:55,320 So we've got Mando on with us, we've got Farouk on with us. 14 00:00:55,320 --> 00:00:58,800 It's going to be a big show indeed, boys. 15 00:00:58,800 --> 00:01:02,880 Jim, how you doing? Good morning, lad, Good morning. 16 00:01:03,080 --> 00:01:07,120 How are you, dude? He's sponsor Mando's first in 17 00:01:07,120 --> 00:01:09,560 the studio and he's here. When he says he's not, I'm 18 00:01:09,560 --> 00:01:13,520 telling you this is this is a new this, this is, this is where 19 00:01:13,520 --> 00:01:14,800 we're for. We're going to be fucking 20 00:01:14,800 --> 00:01:17,240 cooking now. It's this big. 21 00:01:17,240 --> 00:01:18,760 Well, Amanda, we appreciate you jumping in. 22 00:01:18,760 --> 00:01:19,720 I know you've had. A super. 23 00:01:20,040 --> 00:01:21,560 Tuesday day. It's cool. 24 00:01:22,000 --> 00:01:24,840 Race. Fixed No coin race will be fixed 25 00:01:24,880 --> 00:01:26,680 on Monday. I think that's what the dev 26 00:01:26,680 --> 00:01:28,800 said. Can devs please do something 27 00:01:28,800 --> 00:01:32,000 man? Brother, it's just so many. 28 00:01:32,240 --> 00:01:34,960 I know, I know how buggy with you, how buggy with you. 29 00:01:36,800 --> 00:01:40,160 Farrell, Kyle's How's Perry? Dude, nice. 30 00:01:40,160 --> 00:01:43,160 I woke up this morning, I mean last night, you know, got wined 31 00:01:43,160 --> 00:01:45,760 and dined. It was nice. 32 00:01:45,760 --> 00:01:48,240 It was, it was a great time and a great restaurant, beef bar. 33 00:01:48,240 --> 00:01:52,000 And then this morning, 7:00 AM on the dot, I had a driver 34 00:01:52,000 --> 00:01:53,400 waiting for me downstairs at the hotel. 35 00:01:53,400 --> 00:01:57,320 Drove me about an hour out Paris and duer onto a private 36 00:01:57,320 --> 00:02:02,920 racetrack where we drove GT4RS and GT4RS club sport that won 37 00:02:02,920 --> 00:02:05,720 championships, branded Marriott and rug radio. 38 00:02:06,200 --> 00:02:08,240 I'm going to be in the little, what, 3 game? 39 00:02:09,440 --> 00:02:11,320 It's a it's going to be fun and we're going to do a whole 40 00:02:11,320 --> 00:02:14,080 partnership. But I got to drive some pretty 41 00:02:14,080 --> 00:02:16,360 sick cars on the track for the first time in my life. 42 00:02:16,360 --> 00:02:18,680 So I have to say it was a really good morning. 43 00:02:19,440 --> 00:02:20,960 How fast? How fast are we talking? 44 00:02:21,880 --> 00:02:24,200 I I didn't even pay attention. It was that like it was like 45 00:02:24,200 --> 00:02:25,360 that. It was one of those things was 46 00:02:25,400 --> 00:02:28,480 like I floored the fucking thing and it was like some pretty 47 00:02:28,480 --> 00:02:31,560 heavy duty cars. So must have gone, must have 48 00:02:31,560 --> 00:02:33,120 gone fast. Must have gone fast. 49 00:02:33,320 --> 00:02:35,080 Yeah, you guys will see the footage, but it was sick. 50 00:02:36,520 --> 00:02:39,200 That sounds pretty fun. So you had quite the day here 51 00:02:39,560 --> 00:02:44,400 already as well. Well, I know everyone's busy, so 52 00:02:44,400 --> 00:02:47,000 let's get right into it, folks. What are we going to talk on 53 00:02:47,000 --> 00:02:49,200 today's show? We've got Jerome Powell's 54 00:02:49,200 --> 00:02:51,320 comments. He's hawkish. 55 00:02:51,320 --> 00:02:53,080 We're going to talk some of the market impact. 56 00:02:53,360 --> 00:02:56,560 Looks like NVIDIA CEO Jensen, he's going off to Beijing, 57 00:02:56,880 --> 00:03:00,920 perhaps to try to ease some relations here between the US 58 00:03:00,920 --> 00:03:02,960 and China. Finance is saying multiple 59 00:03:02,960 --> 00:03:05,360 governments are approaching them for their own strategic 60 00:03:05,360 --> 00:03:08,800 reserves, so we'll hit that if Bitcoin finds a new low. 61 00:03:09,040 --> 00:03:10,960 The trenches showing signs of life. 62 00:03:10,960 --> 00:03:12,840 We're going to talk about this whole basis for everyone 63 00:03:12,840 --> 00:03:15,480 situation. A new Solana runner hitting $20 64 00:03:15,480 --> 00:03:18,920 million overnight. More recapping of the launch Lab 65 00:03:18,920 --> 00:03:22,280 debut from Radium. Some of this open C cross chain 66 00:03:22,360 --> 00:03:25,720 Mintec, what that might mean, plus more before we dive in, 67 00:03:26,040 --> 00:03:28,480 shout out to our partner wallet connect. 68 00:03:28,480 --> 00:03:31,160 Wallet connect is the connectivity network shaping the 69 00:03:31,160 --> 00:03:34,120 future of on chain UX. If you've connected to a web 3 70 00:03:34,120 --> 00:03:38,000 app, you've seen wallet connect that blue logo, it's everywhere. 71 00:03:38,280 --> 00:03:41,560 And I kind of trust in crypto as recognizable as Visa at the 72 00:03:41,560 --> 00:03:43,000 checkout. If you want to learn more, 73 00:03:43,200 --> 00:03:46,480 follow at wallet connect on X and Telegram to stay ahead of 74 00:03:46,480 --> 00:03:49,400 what's next. We love our partners as always, 75 00:03:49,720 --> 00:03:52,040 Amanda, if you're ready, let's get into it. 76 00:03:52,040 --> 00:03:52,920 Let's get. Into it. 77 00:03:56,520 --> 00:03:59,440 Who is the man Macro daddy of the land? 78 00:04:03,040 --> 00:04:07,240 Can you dig it? Yeah, so I think it was really 79 00:04:07,240 --> 00:04:12,240 just a power that that caused this this this sell off. 80 00:04:12,280 --> 00:04:15,040 I guess yesterday he had a speech where he was just a 81 00:04:15,040 --> 00:04:19,600 little bit hawkish or just like said he wasn't going to ease 82 00:04:19,600 --> 00:04:22,560 basically, which I think I've been saying for a while, right? 83 00:04:22,560 --> 00:04:26,200 Like I don't think power can really do much in this 84 00:04:26,200 --> 00:04:28,280 environment. If you're looking for global 85 00:04:28,280 --> 00:04:30,000 liquidity and money printing, it's going to have to come out 86 00:04:30,000 --> 00:04:33,040 of other countries because power's going to have to wait 87 00:04:33,040 --> 00:04:35,920 and see with what's going on with inflation. 88 00:04:35,920 --> 00:04:39,440 Like given the size of the tariffs and the uncertainty 89 00:04:39,440 --> 00:04:42,000 about whether they'll persist or not, Like he, he can't be the 90 00:04:42,000 --> 00:04:46,880 one here who acts at all here. And the data in the US has 91 00:04:46,880 --> 00:04:49,720 gotten weaker in some spots, but it's also not terrible in 92 00:04:49,720 --> 00:04:53,200 others. So Powell, I think 93 00:04:53,200 --> 00:04:56,440 understandably just basically saying he's in kind of a wait 94 00:04:56,440 --> 00:05:00,720 and see mode doesn't feel any rush, rush to reduce rates. 95 00:05:01,120 --> 00:05:04,600 The market didn't like it, but as kind of recovered a little 96 00:05:04,600 --> 00:05:09,680 bit, gold continues to to be the main thing going on a tear. 97 00:05:09,680 --> 00:05:15,200 It's down a little bit today. But yeah, like it's yesterday 98 00:05:15,200 --> 00:05:18,240 there was a point where we we kind of sort of think about 3 or 99 00:05:18,240 --> 00:05:22,400 4% on stocks and then we've kind of rebounded a little bit now. 100 00:05:22,400 --> 00:05:24,680 So it's I don't think it's I don't think it's that terrible 101 00:05:26,480 --> 00:05:34,280 crypto you have you have Bitcoin just hanging out still around 84 102 00:05:34,280 --> 00:05:37,840 K. We have a big out performance in 103 00:05:37,840 --> 00:05:41,160 solar and hype continuing. So hype's back up to 16. 104 00:05:41,640 --> 00:05:46,680 Salon is up to 132. Just a general better day for 105 00:05:46,680 --> 00:05:48,720 other L ones. Bitcoin dominance is down pretty 106 00:05:48,720 --> 00:05:53,160 slightly there. It feels unbelievably quiet to 107 00:05:53,160 --> 00:05:54,960 me. I don't know if it does to you, 108 00:05:54,960 --> 00:05:59,280 but it feels like crypto Twitter is back to like the depths of 109 00:05:59,280 --> 00:06:03,720 the bear here with like who's around all the tourists seem to 110 00:06:03,720 --> 00:06:06,000 have left. And when I look around, it's 111 00:06:06,000 --> 00:06:08,480 just like it's the people who like are posting for yaps. 112 00:06:08,480 --> 00:06:11,280 Do you know what I mean? It's like it really is returned 113 00:06:11,280 --> 00:06:19,320 to our our community, let's say. And yeah, in that world, like I 114 00:06:19,320 --> 00:06:22,040 think the thing around base yesterday made a lot of noise. 115 00:06:22,040 --> 00:06:28,240 But yeah, I don't really know. Like that 50 million just feels 116 00:06:28,240 --> 00:06:30,400 like a story that everyone had to have a comment on because it 117 00:06:30,400 --> 00:06:33,360 was the only thing really going on rather than. 118 00:06:33,360 --> 00:06:36,480 That's really it. Yeah, right. 119 00:06:38,560 --> 00:06:42,840 So yeah, I wasn't, I thought it was probably not smart of them, 120 00:06:42,840 --> 00:06:46,240 but I'm not like I just, I just don't think enough people 121 00:06:46,240 --> 00:06:51,800 really, really care enough. Yeah, I think the, the only real 122 00:06:51,800 --> 00:06:55,800 like overlay to this is just this Lana feels a little bit 123 00:06:55,800 --> 00:06:59,000 better. Bradium announced new token 124 00:06:59,000 --> 00:07:01,200 launcher yesterday, so maybe we'll get behind that a little 125 00:07:01,200 --> 00:07:03,480 bit for some of the D Gen. activity. 126 00:07:03,480 --> 00:07:06,960 Its revenues back up to the highest level since February. 127 00:07:08,680 --> 00:07:11,920 I did see another wild stat, which is that Bitcoin ETH is up 128 00:07:12,000 --> 00:07:18,760 100% in the last year. Bitcoin ETH is up 100% in the 129 00:07:18,760 --> 00:07:22,080 last year. This year, basically. 130 00:07:22,800 --> 00:07:25,040 Yeah, basically. In 3 1/2 months. 131 00:07:26,480 --> 00:07:30,800 Wild wild move. I think ETH revenue is dropped 132 00:07:30,800 --> 00:07:35,120 below 100K again today. So tough. 133 00:07:35,400 --> 00:07:40,280 Tough, tough, tough. It is a jarring number. 134 00:07:40,480 --> 00:07:45,040 I mean, when we started the year, it was 2627 ETH per one 135 00:07:45,040 --> 00:07:48,560 Bitcoin and like that was like, you know, fairly high, but kind 136 00:07:48,560 --> 00:07:51,200 of in the ranges we had seen before. 137 00:07:51,880 --> 00:07:59,160 Then now 1/4 later it's 53, which is just it, it is just a 138 00:08:00,080 --> 00:08:03,360 eye popping number for me. And that's just like, how high 139 00:08:03,360 --> 00:08:07,280 is it going to go? And, and is there a bottom or a 140 00:08:07,280 --> 00:08:08,560 top? And it doesn't feel like there 141 00:08:08,560 --> 00:08:12,400 is. And it's, it's smashing my, my 142 00:08:12,400 --> 00:08:16,360 beloved punks Bitcoin ratio along with it. 143 00:08:18,600 --> 00:08:21,080 That is, that's a tough one. When you see this, it's just 144 00:08:21,080 --> 00:08:24,360 like, how do you, how do you justify holding Ethereum? 145 00:08:26,160 --> 00:08:31,680 Look, it's a tricky 1. I want to come back to, to some 146 00:08:31,680 --> 00:08:34,559 of Powell's comments. So Powell keeps saying that he's 147 00:08:34,559 --> 00:08:39,799 going to hold the line, right? But you see me rate futures tell 148 00:08:39,799 --> 00:08:43,440 a bit of a different story. So the May, we're just seeing 149 00:08:43,440 --> 00:08:45,720 11% odds of a cut. So no one thinks there's going 150 00:08:45,720 --> 00:08:51,480 to be a cut really in May June odds are at 60% for a cut. 151 00:08:51,840 --> 00:08:55,640 And then when you go to December, we're at 30. 152 00:08:55,760 --> 00:09:00,720 The the highest probability is 4 cuts, 35%. 153 00:09:00,960 --> 00:09:02,640 So people think the rates are coming. 154 00:09:02,640 --> 00:09:07,880 The rate cuts are coming still clearly, but that doesn't 155 00:09:08,120 --> 00:09:11,000 totally jive with what Powell's saying. 156 00:09:11,480 --> 00:09:13,600 And Powell's saying I can that he thinks tariffs are going to 157 00:09:13,600 --> 00:09:18,120 drive inflation up. So if inflation is driven up and 158 00:09:18,280 --> 00:09:21,480 we're not going to even know and start seeing these impacts for 159 00:09:21,480 --> 00:09:24,360 months to come, how, how is he cutting rates? 160 00:09:24,360 --> 00:09:28,720 So is is the market just betting that he's blocking effectively? 161 00:09:28,720 --> 00:09:32,720 Like what's your take on this? It's a, It's a good point you're 162 00:09:32,720 --> 00:09:36,440 making. And I think I think it's more 163 00:09:36,440 --> 00:09:39,120 that Powell can't say anything Like it's impossible for him to 164 00:09:39,120 --> 00:09:41,440 say anything. He can't say, look, we're going 165 00:09:41,440 --> 00:09:45,040 to cut rates when you announce massive tariffs, which could 166 00:09:45,040 --> 00:09:49,640 potentially drive up prices that would that would just not make 167 00:09:49,640 --> 00:09:51,560 sense. But I think the market is 168 00:09:51,560 --> 00:09:58,320 predicting that the US is that the US is going to face some 169 00:09:58,320 --> 00:10:03,480 form of mild recession here or bad recession. 170 00:10:04,480 --> 00:10:07,080 It's definitely the market. This is this is the market 171 00:10:07,080 --> 00:10:09,480 saying, you know, things could get a little bit bad here. 172 00:10:10,000 --> 00:10:12,640 That's that's my goal. Yeah. 173 00:10:12,640 --> 00:10:16,800 I think we're seeing some more of those headlines along those 174 00:10:16,800 --> 00:10:18,320 lines. So that Bloomberg was between 175 00:10:18,320 --> 00:10:22,800 this morning, 24% of Americans scrapping plans for major 176 00:10:22,800 --> 00:10:27,440 purchases like homes or cars due to tariffs and due to like 177 00:10:27,440 --> 00:10:30,520 broader economic uncertainty right now. 178 00:10:32,320 --> 00:10:35,600 We had stats on the show last week and he basically said he 179 00:10:35,600 --> 00:10:38,040 finds himself making decisions like let's go to a cheaper 180 00:10:38,040 --> 00:10:40,280 restaurant tonight. And I think we're we are 181 00:10:40,280 --> 00:10:44,080 starting to see more of that broken on your travelling. 182 00:10:44,080 --> 00:10:46,320 I'm curious, like, what's your boots on the ground take? 183 00:10:46,360 --> 00:10:49,480 Are you seeing signs of anyone in your circles tightening 184 00:10:49,480 --> 00:10:52,040 belts? I don't know, bro. 185 00:10:52,040 --> 00:10:55,360 Wizard of Soho is part of my circle, so it's tough, you know? 186 00:10:55,360 --> 00:10:57,120 He's buying a, buying a house a week. 187 00:10:57,120 --> 00:10:59,640 And then Perry was building a new swimming pool and 188 00:10:59,640 --> 00:11:01,360 skateboarding inside of it this morning. 189 00:11:01,960 --> 00:11:04,320 And then Mando, you know, Mando is being Mando. 190 00:11:05,160 --> 00:11:10,520 No, I'm kidding, but it's I don't outside of the crypto 191 00:11:10,520 --> 00:11:12,040 bubble, yes, let's put it that way. 192 00:11:12,120 --> 00:11:14,800 Absolutely. I see my mom, right, little 193 00:11:14,800 --> 00:11:16,360 brother, like it's not like they're swimming in money. 194 00:11:16,360 --> 00:11:17,960 I help my family out. But you know, I mean, like, it's 195 00:11:17,960 --> 00:11:21,080 not like like my mom has to like she pays more attention, right. 196 00:11:21,760 --> 00:11:25,520 So outside of the outside of the Twitter bubble, yes, my friends, 197 00:11:25,760 --> 00:11:27,920 right, Even when we go out. But that's been happening for a 198 00:11:27,920 --> 00:11:29,480 minute. But Canada is also separate. 199 00:11:29,480 --> 00:11:32,040 Like Canada's really been fucked before, you guys, right? 200 00:11:32,040 --> 00:11:35,560 Our dollar, the economy, inflation is horrible. 201 00:11:35,560 --> 00:11:37,440 Groceries are extremely expensive in Canada. 202 00:11:37,720 --> 00:11:40,080 So I've been saying this for a long time, right about Montreal, 203 00:11:40,080 --> 00:11:42,880 how I when I leave my home, I kind of feel really bad and a 204 00:11:42,880 --> 00:11:46,040 little bit guilty sometimes genuinely, because, you know, 205 00:11:46,040 --> 00:11:48,200 I'm here with my homies and I often pay for everything because 206 00:11:48,200 --> 00:11:49,760 I loved it. Like I want to treat people, but 207 00:11:49,760 --> 00:11:52,200 like I can tell, like they probably can't keep up with 208 00:11:52,200 --> 00:11:55,360 certain things. And, and I think it's catching 209 00:11:55,360 --> 00:11:58,040 up to America now, but Canada had it before you guys in the 210 00:11:58,040 --> 00:12:01,400 way. So definitely I've been seeing 211 00:12:01,400 --> 00:12:04,040 it happening in in Montreal, like a lot of bar owners, 212 00:12:04,040 --> 00:12:06,400 restaurant owners kept complaining that there's not 213 00:12:06,400 --> 00:12:08,520 enough people going. So they close most days, more 214 00:12:08,520 --> 00:12:10,440 days. Somebody's buying $300.00 215 00:12:10,440 --> 00:12:12,840 fucking bottle of vodka at a club, right? 216 00:12:13,360 --> 00:12:16,480 So I think in the crypto bubble, the answer is no. 217 00:12:16,880 --> 00:12:19,600 Depends on the market, but 85 K Bitcoin and you know, Solana's 218 00:12:19,600 --> 00:12:21,280 still doing quite good and just sell some runners. 219 00:12:21,280 --> 00:12:23,640 So people are, I feel like a lot of people cashed up in this last 220 00:12:23,640 --> 00:12:25,680 run, honestly, and actually did pretty good. 221 00:12:26,720 --> 00:12:30,000 But in general, like outside of the crypto bubble, they invite 222 00:12:30,000 --> 00:12:33,560 people to actually exit that bubble to get a little taste of 223 00:12:33,560 --> 00:12:37,120 what money is like, you know, it's definitely felt. 224 00:12:37,280 --> 00:12:42,880 Absolutely. I think my take is this is more 225 00:12:43,280 --> 00:12:48,640 tied to uncertainty than like true current state pain I think. 226 00:12:48,640 --> 00:12:50,560 It's like what Logan was saying about his parents, right? 227 00:12:50,560 --> 00:12:52,000 Remember? Like they finally called him to 228 00:12:52,000 --> 00:12:53,440 ask what to do with their like, money and stuff. 229 00:12:53,440 --> 00:12:57,680 Like, I think it's uncertainty. People are worried, they aren't 230 00:12:57,680 --> 00:13:03,000 necessarily like struggling to, to make to to pay the bills in 231 00:13:03,000 --> 00:13:08,200 April 2025, but the next few months, perhaps the second back 232 00:13:08,200 --> 00:13:09,640 half of the year are a little bit more uncertain. 233 00:13:09,640 --> 00:13:11,000 So people are starting to tighten up. 234 00:13:11,440 --> 00:13:14,040 Problem is that that's going to that's going to be reflected in 235 00:13:14,040 --> 00:13:18,200 all the economic data for Q2. So I think that is what also 236 00:13:18,200 --> 00:13:21,280 could point to a a potential recession here. 237 00:13:21,280 --> 00:13:25,280 So we'll certainly see. There are a few other macro 238 00:13:25,280 --> 00:13:27,320 headlines on the day. Let's see. 239 00:13:27,320 --> 00:13:28,880 So we had like the March housing numbers. 240 00:13:28,880 --> 00:13:31,360 We had jobless claims. I think the jobless claims came 241 00:13:31,360 --> 00:13:37,000 in a bit under expectations. Housing was was much worse. 242 00:13:38,080 --> 00:13:42,200 Housing startups and building were were worse than expected. 243 00:13:42,200 --> 00:13:44,800 I think on the crypto front, probably the most interesting 244 00:13:44,800 --> 00:13:48,040 headline came right before the show finance saying multiple 245 00:13:48,040 --> 00:13:51,200 governments and sovereign wealth funds are approaching them about 246 00:13:51,200 --> 00:13:55,920 crypto reserves. So this isn't going to be a 247 00:13:56,440 --> 00:13:58,920 continuing thread to to monitor here. 248 00:13:58,920 --> 00:14:01,600 We've talked about the American strategic reserve and how that 249 00:14:01,600 --> 00:14:04,840 might come about. The wild card, of course, is if 250 00:14:04,840 --> 00:14:08,600 someone beats them to it, right? If other countries start start 251 00:14:08,600 --> 00:14:11,760 building these out. I don't know if we'll get 252 00:14:11,760 --> 00:14:16,840 specific data here, but Mando, curious if you if you have any 253 00:14:16,840 --> 00:14:18,880 takes on this one. You know, we've talked about 254 00:14:18,880 --> 00:14:20,960 whether or not it makes sense for the US and coming out and 255 00:14:20,960 --> 00:14:23,760 buying perhaps does not. Of course, we know a few other 256 00:14:24,040 --> 00:14:26,720 countries, sovereign wealth funds do hold crypto related 257 00:14:27,040 --> 00:14:29,200 assets like Norway holds MicroStrategy. 258 00:14:29,200 --> 00:14:33,960 Do you think they're just kind of pumping their own bags? 259 00:14:33,960 --> 00:14:35,160 I think there's more substance to this. 260 00:14:37,680 --> 00:14:41,560 I, I think a lot of countries are probably reaching out to 261 00:14:41,560 --> 00:14:43,240 violence about that. I don't know if they're like 262 00:14:43,240 --> 00:14:45,920 major countries. I would say it's a lot of poorer 263 00:14:45,920 --> 00:14:50,600 countries in many ways. Crypto is more attractive to, 264 00:14:50,600 --> 00:14:55,280 to, to failed states, you know, where their, where their 265 00:14:55,280 --> 00:14:56,560 currencies are not doing that well. 266 00:14:57,120 --> 00:15:00,400 I don't know if like any of the G7 might reach out to finance 267 00:15:00,400 --> 00:15:02,240 here. But if I'm Pakistan, you know, 268 00:15:02,360 --> 00:15:05,560 who just made CZ their advisor, like, you know, see a lot of 269 00:15:05,560 --> 00:15:11,520 that other countries with the ability to either mine crypto or 270 00:15:13,720 --> 00:15:18,200 or potentially buy it would, would, would reach out to them. 271 00:15:18,200 --> 00:15:20,200 I, I don't think Norway is one of those countries. 272 00:15:20,200 --> 00:15:24,080 I don't think it's China. Yeah, that makes sense. 273 00:15:24,600 --> 00:15:28,520 Countries who have a little bit more to gain perhaps and are are 274 00:15:28,520 --> 00:15:30,480 willing to take on the the speculation, yeah. 275 00:15:31,040 --> 00:15:33,920 Exactly so. We'll see. 276 00:15:33,920 --> 00:15:35,880 I'm sure we'll continue to to monitor that thread. 277 00:15:36,320 --> 00:15:38,560 I think the biggest story of the day, maybe we can just kind of 278 00:15:38,560 --> 00:15:43,360 go there or or real quick, but before we do continue to see the 279 00:15:43,720 --> 00:15:46,720 the global M2 supply our our our good friend Raul Paul we love. 280 00:15:46,760 --> 00:15:50,880 That chart, our good friend. Raul Paul was doing his own spin 281 00:15:50,880 --> 00:15:54,240 on this here yesterday. I've seen so many iterations of 282 00:15:54,240 --> 00:15:57,000 this. I've seen the 108 day lag, the 283 00:15:57,000 --> 00:16:01,360 120 day lag of them too. So everyone's just going to keep 284 00:16:02,120 --> 00:16:08,000 changing the the timeline and overlay until it finally matches 285 00:16:08,000 --> 00:16:13,880 up. But if they're right, does seem 286 00:16:13,880 --> 00:16:19,200 like we are getting close ish to to where that this bottoms 287 00:16:19,320 --> 00:16:21,160 bottoming zone starts to turn around. 288 00:16:22,400 --> 00:16:28,480 So some hopium, some hopium out there and we know that the 289 00:16:28,600 --> 00:16:32,120 global M2 supply is going up, I think largely driven by China 290 00:16:32,120 --> 00:16:32,640 right now. I. 291 00:16:33,320 --> 00:16:36,240 Think we'll be fine is the calm. This is the calm before the 292 00:16:36,240 --> 00:16:38,400 storm, Lance. This is the calm before the 293 00:16:38,400 --> 00:16:41,080 storm. You know, everyone's going to 294 00:16:41,080 --> 00:16:45,240 expect some may go away, but they're going to go away and 295 00:16:45,240 --> 00:16:47,920 would have Cook and they're going to be away from their keys 296 00:16:47,920 --> 00:16:51,240 partying in the speeches of central pay and we're just going 297 00:16:51,240 --> 00:16:54,200 to be out here, you know, seeing you highs and chilling. 298 00:16:55,280 --> 00:17:01,600 I think this is the summer to to stay online. 20. 21 right was it 299 00:17:01,600 --> 00:17:02,920 was hot it's. True. 300 00:17:03,240 --> 00:17:04,240 It's true. Somewhere on. 301 00:17:04,280 --> 00:17:09,400 The four year and then I'll give credit to easy on the Nifty show 302 00:17:09,400 --> 00:17:12,240 this morning, he said. Buy in, buy in May and pray. 303 00:17:13,280 --> 00:17:14,960 Buy May Pray is the quote this year. 304 00:17:14,960 --> 00:17:17,640 I like that. I like that it's a good one 305 00:17:18,119 --> 00:17:19,240 that. That is a good one. 306 00:17:19,240 --> 00:17:22,119 So I, I will be doing my share of that or at least hold, hold 307 00:17:22,119 --> 00:17:24,920 holding through me and, and, and praying every day. 308 00:17:26,400 --> 00:17:29,960 Let's talk about what happened on base yesterday. 309 00:17:30,640 --> 00:17:34,240 So I'll go through it. We got the, the tweet around 310 00:17:34,240 --> 00:17:38,240 4:00 PM or so, 3:00 or 4:00 PM Eastern. 311 00:17:38,240 --> 00:17:41,960 Base says base is for everyone. They've got this image here and 312 00:17:41,960 --> 00:17:44,160 then their second tweet, they coined it. 313 00:17:44,520 --> 00:17:49,720 So they effectively tokenized this on Zora. 314 00:17:50,840 --> 00:17:54,200 So the token is live. They went on to to post about it 315 00:17:54,200 --> 00:17:57,880 a bit more. We see the early price action 316 00:17:58,280 --> 00:18:01,160 and so I guess this came out around 2:00 Central, 3:00 PM 317 00:18:01,160 --> 00:18:03,880 Eastern. It immediately grinds up to 318 00:18:04,480 --> 00:18:08,920 15,000,000, maybe overshoots 15,000,000 briefly, and then 319 00:18:09,520 --> 00:18:14,040 they launch a second token and it plummets 90%. 320 00:18:14,360 --> 00:18:17,080 Then of course, that's when everyone on CT comes out and 321 00:18:17,080 --> 00:18:20,440 starts victory, lapping the decline in the token. 322 00:18:20,760 --> 00:18:26,040 Jesse Pollack goes on a press tour effectively kind of talking 323 00:18:26,040 --> 00:18:32,000 about their ideas here and, and what they're they're trying to 324 00:18:32,000 --> 00:18:33,760 do. Let's see if I can find those 325 00:18:33,760 --> 00:18:38,320 Jesse tweets. He he goes out and describes 326 00:18:38,320 --> 00:18:41,400 content coins versus meme coins and he's pointed this is more of 327 00:18:41,400 --> 00:18:45,760 a content coin and just talking in general about his idea that 328 00:18:45,760 --> 00:18:47,120 they want to tokenize everything. 329 00:18:48,440 --> 00:18:52,480 He retweeted some of his old tweets from a few months back. 330 00:18:52,480 --> 00:18:55,880 I'm going to try to find them here folks, where he basically 331 00:18:55,880 --> 00:18:59,920 said when you tokenize, when you drop 1 token, it's going to be 332 00:18:59,920 --> 00:19:03,080 called a rug. When I launch 10 coins, they 333 00:19:03,080 --> 00:19:05,120 will wait. When I launch one coin, they'll 334 00:19:05,120 --> 00:19:06,120 tell you I'm launching a meme coin. 335 00:19:06,120 --> 00:19:07,880 When I launch 10, they will tell you I'm rugging. 336 00:19:07,880 --> 00:19:11,080 When I launch 100, they will realize that I'm pioneering the 337 00:19:11,080 --> 00:19:14,720 next generation of media, culture and content. 338 00:19:15,000 --> 00:19:19,480 So he he really leaned into this went on Spaces was defending 339 00:19:19,480 --> 00:19:23,680 what they're trying to do, as I understand it, basically saying 340 00:19:23,680 --> 00:19:29,160 everything like Instagram contents, phrases, images, 341 00:19:29,160 --> 00:19:33,760 anything creative, they want to tokenize it and to base. 342 00:19:34,600 --> 00:19:37,160 And so they executed that by, by launching multiple tokens 343 00:19:37,160 --> 00:19:39,280 yesterday. And, and the second token is 344 00:19:39,280 --> 00:19:45,200 what drove the immediate cell pressure on basis for everyone. 345 00:19:46,040 --> 00:19:52,080 But planning this out, the folks who who bought the FUD have done 346 00:19:52,080 --> 00:19:54,600 quite well here. So it bottomed below 1,000,000. 347 00:19:55,360 --> 00:19:57,080 Reached out to 20,000,015. X. 348 00:19:58,240 --> 00:20:01,320 Yeah, easy, quick 15X and even right now it's at 13 million. 349 00:20:02,040 --> 00:20:08,120 So A13X here, we saw a variety of responses. 350 00:20:08,120 --> 00:20:09,840 We can get into those here in a second. 351 00:20:09,840 --> 00:20:11,000 Brooke, maybe I'll toss it to you. 352 00:20:11,800 --> 00:20:15,240 Quick reactions to to the situation. 353 00:20:15,240 --> 00:20:18,720 And then maybe Part 2, like do we need tokens for everything? 354 00:20:19,680 --> 00:20:22,680 What's your take on that? I mean, you're free to do what 355 00:20:22,680 --> 00:20:25,040 you want with your money. And also I want to publicly 356 00:20:25,040 --> 00:20:27,840 state that I think it's lame to celebrate immediately divesting 357 00:20:27,840 --> 00:20:30,760 of long term builders who are rewarding us for contributions 358 00:20:30,760 --> 00:20:34,720 and using tokens to bring us in as Co builders long term over 359 00:20:34,720 --> 00:20:38,160 short term. Incredible. 360 00:20:39,480 --> 00:20:42,280 No, for real, but it was tagging me on the last time at dinner. 361 00:20:42,440 --> 00:20:45,840 It was tagging me like I got like the everlasting beef with 362 00:20:45,840 --> 00:20:48,760 Jesse, like dude, the guy like I, I don't even care. 363 00:20:49,240 --> 00:20:52,160 And and and actually I, I the people I'm with here, they are 364 00:20:52,160 --> 00:20:57,840 building stuff, the base. But I my opinion on the matter, 365 00:20:57,840 --> 00:20:59,960 because I did think about it a little bit, because I did read 366 00:20:59,960 --> 00:21:03,120 some of the commentary this morning on on on access. 367 00:21:04,280 --> 00:21:08,080 Yes, I do believe social content should be on chain and token 9. 368 00:21:08,080 --> 00:21:10,160 So the future of future Instagram, like what Door is 369 00:21:10,160 --> 00:21:13,120 doing should be on chain. The crypt articles are all 370 00:21:13,120 --> 00:21:15,400 technically on chain like the store on Walrus yadda yadda 371 00:21:15,400 --> 00:21:18,120 yadda yadda. So yes, content on chain makes 372 00:21:18,120 --> 00:21:20,840 sense. No, I do not believe that every 373 00:21:20,840 --> 00:21:23,400 single piece of content should then become a token. 374 00:21:23,720 --> 00:21:26,280 Does that make sense? Like I don't like the idea that 375 00:21:26,280 --> 00:21:29,680 like every single post becomes token because then what if I 376 00:21:29,680 --> 00:21:31,320 because I actually looked into it like, yeah, this is cool. 377 00:21:31,320 --> 00:21:33,280 Like I would actually because, you know, I'd take a lot of 378 00:21:33,280 --> 00:21:34,640 photos and do all the cool things I do. 379 00:21:34,760 --> 00:21:38,040 I love sharing my food, food videos on on X that you guys see 380 00:21:38,040 --> 00:21:40,800 it all the time. I want to share things on this 381 00:21:40,800 --> 00:21:44,720 Zora thing, but as someone with half a million followers and you 382 00:21:44,720 --> 00:21:49,360 know what happens when I share stuff or whenever, whatever, if 383 00:21:49,360 --> 00:21:53,080 this post I make becomes a coin and the coin gets rubbed, which 384 00:21:53,080 --> 00:21:55,760 it will because I'm not going to have anything to do with it nor 385 00:21:55,760 --> 00:21:58,720 pump it or anything, I'm one who's going to take a blame. 386 00:21:58,720 --> 00:22:01,320 And so this is what happened to base. 387 00:22:01,680 --> 00:22:03,920 So I think like this is one of those things where I think like 388 00:22:03,920 --> 00:22:07,280 obviously, because like Mendel's right, I actually agree with him 389 00:22:07,280 --> 00:22:09,840 wholeheartedly. Like this made this became a big 390 00:22:09,840 --> 00:22:12,480 deal because there's nothing going on right now. 391 00:22:14,280 --> 00:22:17,560 Also because, you know, Jesse has made it so that you know, 392 00:22:17,560 --> 00:22:22,080 and a lot of people may not really like him right Also, and 393 00:22:22,880 --> 00:22:25,280 and I think that, you know, I don't think he did anything 394 00:22:25,280 --> 00:22:26,920 Bass. It's not even Jesse. 395 00:22:26,920 --> 00:22:29,080 This is something bass did anything wrong. 396 00:22:30,160 --> 00:22:31,480 At first I was like, what the fuck is this? 397 00:22:31,480 --> 00:22:33,400 It's terrible. But then I looked into I'm just 398 00:22:33,400 --> 00:22:35,440 like, I just maybe don't. I'm not a big fan of the idea 399 00:22:35,440 --> 00:22:37,040 that every post becomes a coin novel. 400 00:22:37,080 --> 00:22:40,080 I I I I don't like it and this is what makes me as someone with 401 00:22:40,080 --> 00:22:43,600 large feeling uncomfortable to maybe use the product because 402 00:22:43,600 --> 00:22:46,400 then what you guys are going to tokenize my steak pick and then 403 00:22:46,400 --> 00:22:47,680 what? I'm going to get blamed because 404 00:22:47,680 --> 00:22:49,360 on chain is going to come out of me. 405 00:22:50,080 --> 00:22:52,160 So what's the repercussions down the line with this? 406 00:22:52,160 --> 00:22:54,360 Now we know it's Trump's America, but what happens when 407 00:22:54,360 --> 00:22:56,240 it's not? What happens when I have 100 408 00:22:56,240 --> 00:22:59,240 posts up and that means I have technically 100 coins tied to 409 00:22:59,240 --> 00:23:01,800 me, but hey, we have myriad coming, so that should be my 410 00:23:01,800 --> 00:23:04,960 fault. So you know it for the common 411 00:23:04,960 --> 00:23:07,000 person. And I mean the person just 412 00:23:07,000 --> 00:23:08,480 doesn't have a following that wants to share stuff. 413 00:23:08,480 --> 00:23:12,920 I get it. I'm just a little worried about 414 00:23:12,920 --> 00:23:16,680 what happens then maybe Jesse or his team or the Zora want to 415 00:23:16,680 --> 00:23:17,800 come up. We should have. 416 00:23:17,800 --> 00:23:19,520 We should host them to come and explain this. 417 00:23:19,680 --> 00:23:21,120 Jesse asked what spaces to come on to. 418 00:23:21,120 --> 00:23:23,320 He should actually come on here. You guys should tag Jesse, have 419 00:23:23,320 --> 00:23:25,200 a convo with him about it. Like actually I don't care about 420 00:23:25,200 --> 00:23:28,840 the cattle shit, this is just stupid but I just don't know. 421 00:23:29,720 --> 00:23:31,800 Plus one for Faroq to be deported to seek out. 422 00:23:31,880 --> 00:23:35,760 Fuck you, man, but. But you know what I mean. 423 00:23:36,280 --> 00:23:39,600 Yeah, no. I'm with you and a like, I don't 424 00:23:39,600 --> 00:23:41,960 think there's anything wrong with tokenizing everything. 425 00:23:41,960 --> 00:23:48,520 I think that the problem here a couple I agree with Alan's 426 00:23:48,520 --> 00:23:50,600 thoughts. Alan, the pump on banner 427 00:23:50,600 --> 00:23:54,720 basically saying that there comes some responsibility when 428 00:23:54,720 --> 00:23:57,400 you have a large following, a large platform and a lot of 429 00:23:57,400 --> 00:24:00,840 social capital launch a token that there are going to be 430 00:24:00,840 --> 00:24:04,960 expectations for that and like that can you can get in yourself 431 00:24:04,960 --> 00:24:09,000 into a messy situation. So, and I think there is a 432 00:24:09,000 --> 00:24:13,080 difference between like open edition NFT mints and tokens, 433 00:24:13,080 --> 00:24:15,040 right? We've seen that and, and bases 434 00:24:15,040 --> 00:24:18,760 launched their share of open edition NFTS and we never really 435 00:24:18,760 --> 00:24:22,160 saw anyone complain about those, right? 436 00:24:22,400 --> 00:24:24,560 And we had people, some people speculated some people would 437 00:24:24,560 --> 00:24:29,480 would mint 1000 of those minted 100 of some of those base NFTS 438 00:24:29,720 --> 00:24:33,840 for speculation purposes. I didn't get mad about it, but 439 00:24:33,840 --> 00:24:35,680 it's a little bit different when you see that token run to 440 00:24:35,680 --> 00:24:39,280 15,000,000 in the 1st 10 minutes and the whole base team is 441 00:24:39,280 --> 00:24:41,600 behind it. So I understand that's part of 442 00:24:41,600 --> 00:24:42,680 the fall. The other part of the fallout 443 00:24:42,680 --> 00:24:44,680 was this whole like Solana versus Base. 444 00:24:45,280 --> 00:24:47,840 Yeah, there's always. Yeah, that stuff is, yeah. 445 00:24:47,840 --> 00:24:50,440 And I mean, a lot of people threw Solana under the bus for 446 00:24:50,760 --> 00:24:54,720 for the meme coin meta and, and how they basic and how their 447 00:24:54,720 --> 00:25:00,560 leadership was behind meme coins and effectively implicit and or 448 00:25:00,560 --> 00:25:02,680 complicit in some of what happened. 449 00:25:03,160 --> 00:25:06,920 And now you've got base leadership throwing themselves 450 00:25:06,920 --> 00:25:08,320 behind effectively the same thing. 451 00:25:09,280 --> 00:25:12,000 I mean, to be fair and this is nothing is a team because I 452 00:25:12,000 --> 00:25:14,480 think the team is great on Solana time dot fun I think is 453 00:25:14,480 --> 00:25:15,760 awesome. I've checked it out. 454 00:25:16,240 --> 00:25:18,040 They've asked me multiple times to join the thing. 455 00:25:18,040 --> 00:25:20,200 I've seen them in my mentions and actually I should answer 456 00:25:20,200 --> 00:25:23,400 them just out of respect. But the reason, one of the 457 00:25:23,400 --> 00:25:25,320 reasons I've not done it is because it becomes a coin, 458 00:25:26,480 --> 00:25:27,800 right? So there's a faroque token 459 00:25:27,800 --> 00:25:30,720 that's out. I don't want that, you know, all 460 00:25:30,720 --> 00:25:33,200 the attention I'm going to push is going towards myriad when 461 00:25:33,200 --> 00:25:34,480 whenever that happens, you know what I mean? 462 00:25:34,480 --> 00:25:36,680 It's like I I have to focus on this. 463 00:25:36,680 --> 00:25:38,680 So as someone with the following have a different approach to 464 00:25:38,680 --> 00:25:41,720 this and you guys too, right, both of you, right. 465 00:25:41,840 --> 00:25:43,840 Man's whole focus is only going to be eat now. 466 00:25:43,960 --> 00:25:47,040 He can't afford having posts out there that he makes tied to a 467 00:25:47,040 --> 00:25:50,680 coin, you know what I mean? And then there's the expectation 468 00:25:50,680 --> 00:25:52,160 of people and we've seen this happen technically with 469 00:25:52,160 --> 00:25:56,000 Frantech, we all became coins. Remember that, guys, we were all 470 00:25:56,000 --> 00:25:59,000 coins. So I don't know. 471 00:25:59,080 --> 00:26:03,760 It's it's it's weird. I do. 472 00:26:04,760 --> 00:26:06,120 Yeah. I do think maybe Jesse 473 00:26:06,120 --> 00:26:09,560 misunderstands. Maybe I don't want to put words 474 00:26:09,560 --> 00:26:12,880 in his mouth, but maybe he misunderstands what the people 475 00:26:12,920 --> 00:26:15,240 and actually Jing Tao kind of wrote this, what the people kind 476 00:26:15,240 --> 00:26:18,520 of want versus what they're trying to build with it. 477 00:26:19,440 --> 00:26:22,200 I'm curious to hear it from him, but I just, I don't see, I guess 478 00:26:22,240 --> 00:26:27,760 we I agree or disagree, right? I'm curious what their end goals 479 00:26:27,760 --> 00:26:30,520 and again, maybe this is part of the discussion with them. 480 00:26:30,800 --> 00:26:34,360 But like, so you've got 1000 tokens of all these phrases. 481 00:26:35,840 --> 00:26:39,040 So what I I guess I still like, I'm still in the camp. 482 00:26:39,040 --> 00:26:41,960 Like why, why do we need this? I don't know, maybe you just 483 00:26:42,160 --> 00:26:45,000 maybe the idea is to courage everyone to embrace their inner 484 00:26:45,000 --> 00:26:49,320 creator and to try to break down barriers so that we get more 485 00:26:49,320 --> 00:26:51,600 things tokenized. I think that the jury is still 486 00:26:51,600 --> 00:26:53,640 out whether or not there's a market for that. 487 00:26:53,800 --> 00:26:59,560 I've got Jingtao's post up here. I do tend to agree with him 488 00:26:59,680 --> 00:27:01,760 here. And he's basically saying that 489 00:27:01,760 --> 00:27:05,760 base doesn't understand that the real culture that they come from 490 00:27:05,760 --> 00:27:08,920 a little bit more of a dev background, perhaps a little bit 491 00:27:08,920 --> 00:27:13,240 more of a corporate background. And they're, they're, they're 492 00:27:13,240 --> 00:27:17,160 white boarding these ideas and things might make sense in the 493 00:27:17,160 --> 00:27:22,200 meeting room in the Coinbase office, but they don't make 494 00:27:22,200 --> 00:27:26,160 sense for the people who are actually the day-to-day users 495 00:27:26,400 --> 00:27:28,520 and traders who who trade these things. 496 00:27:29,640 --> 00:27:32,680 And he's saying that Alan had a had a leg up here because Alan 497 00:27:32,680 --> 00:27:34,960 was in the trenches trading all these things, trying to figure 498 00:27:34,960 --> 00:27:37,360 out how to make money. And effectively, he's saying 499 00:27:37,360 --> 00:27:40,840 that Jesse didn't necessarily share that that background. 500 00:27:42,760 --> 00:27:45,560 And when you look at some of the, the, the things that base 501 00:27:45,560 --> 00:27:50,960 has done with respect to tokenizing and open editions, it 502 00:27:50,960 --> 00:27:52,840 does feel like there's a disconnect, right? 503 00:27:53,200 --> 00:27:59,120 Yeah, what's? What's the last basement token 504 00:27:59,120 --> 00:28:01,200 that you got fired up to? Like I'm going to bridge over 505 00:28:01,200 --> 00:28:02,880 and and really start firing into this thing. 506 00:28:03,720 --> 00:28:07,600 Probably Kaido. I'm. 507 00:28:07,680 --> 00:28:09,680 Considering Kaido really a base product? 508 00:28:11,280 --> 00:28:14,360 Yeah. To be honest, I'm curious for 509 00:28:14,360 --> 00:28:16,720 the token itself. I was away from keyboard. 510 00:28:16,720 --> 00:28:19,800 I was driving. I'm so surprised you're not all 511 00:28:19,800 --> 00:28:22,240 over this. I would have. 512 00:28:22,480 --> 00:28:27,600 So here's the thing. I was lucky because had I seen 513 00:28:27,600 --> 00:28:31,080 this at $10 million and just straight up, I probably would 514 00:28:31,080 --> 00:28:32,200 have bought. I don't think I would have 515 00:28:32,200 --> 00:28:35,120 bought huge. I would have clipped a few, a 516 00:28:35,120 --> 00:28:40,080 few 1000 into this for sure and I would have lost it. 517 00:28:40,200 --> 00:28:44,680 I had some friends who sharply bought that first dip so that so 518 00:28:44,680 --> 00:28:47,680 they did well. Like Nate, Alex was was patting 519 00:28:47,680 --> 00:28:51,080 himself on the back this morning for for buying the dip as well, 520 00:28:51,160 --> 00:28:51,760 probably. Smart. 521 00:28:51,760 --> 00:28:53,680 There was so much attention at one mil. 522 00:28:53,680 --> 00:28:58,880 Fuck it, right? Yeah, it's interesting here at 523 00:28:59,080 --> 00:29:03,400 at 12 million, I don't, I don't know that this one's going to 524 00:29:03,400 --> 00:29:05,120 have legs. I think some people have the 525 00:29:05,120 --> 00:29:06,480 hope being that the Coinbase would list. 526 00:29:06,480 --> 00:29:09,760 I think they would get massive pushback if Coinbase listed this 527 00:29:09,760 --> 00:29:10,240 one. Yeah. 528 00:29:10,240 --> 00:29:15,400 Maybe not, but also does it? Stupid question maybe, but it's 529 00:29:15,400 --> 00:29:18,640 on Ethereum, right? At the end of the day, Ethereum 530 00:29:18,640 --> 00:29:20,720 price action is not great, so that does not help. 531 00:29:21,440 --> 00:29:24,560 For for runners, maybe that also doesn't help. 532 00:29:27,280 --> 00:29:30,200 Yeah, I I'm not, I'm not buying it here. 533 00:29:30,200 --> 00:29:32,280 I'm happy to be sidelined on this one. 534 00:29:32,280 --> 00:29:35,240 Yeah, I think it might have two to three X upside. 535 00:29:35,240 --> 00:29:37,000 I don't think it's got 10X upside. 536 00:29:37,600 --> 00:29:39,360 I'm so indifferent to all this stuff right now. 537 00:29:40,800 --> 00:29:44,000 Yeah, so like what? What would get you out of your 538 00:29:44,000 --> 00:29:46,160 indifference? And it looks like this is 539 00:29:46,160 --> 00:29:48,640 selling off now, but the trenches are heating up. 540 00:29:48,640 --> 00:29:53,440 So last night Solana had its first $20 million daily runner 541 00:29:54,080 --> 00:29:56,920 in quite some time. We've started to see the a month 542 00:29:56,920 --> 00:29:58,960 ago it was 5 million in the first day was great. 543 00:30:00,160 --> 00:30:01,760 Couple weeks ago it was 10 million. 544 00:30:02,360 --> 00:30:05,880 Now we've got one at 20. It bubble maps came out and 545 00:30:05,880 --> 00:30:07,760 tweeted this morning. This was heavily bundles that 546 00:30:07,760 --> 00:30:09,000 likely had something to do with this. 547 00:30:09,000 --> 00:30:11,720 This thing was 70% bubble. So I don't, I don't own this. 548 00:30:13,640 --> 00:30:15,120 Do your own research if you want to buy this. 549 00:30:15,120 --> 00:30:16,720 I'm just telling you right now it's got a bundle. 550 00:30:16,720 --> 00:30:21,600 I don't know if that was on by design or not, but $20 million 551 00:30:21,600 --> 00:30:25,920 volume in 12 hours and it hit 20 million. 552 00:30:26,160 --> 00:30:29,360 So the opportunities are are starting to come back. 553 00:30:30,640 --> 00:30:37,440 I think is is my point and is what do you need to see for 554 00:30:37,720 --> 00:30:40,400 where you're going to start having some capital put aside to 555 00:30:40,400 --> 00:30:43,000 like, OK, I'm going to start playing some of these again. 556 00:30:43,000 --> 00:30:44,520 Are you close to that, or are you still pretty far from? 557 00:30:45,240 --> 00:30:49,480 That no, I need like I need a daily fucking $50 million 558 00:30:49,480 --> 00:30:52,360 runner, man. I get this. 559 00:30:52,960 --> 00:30:54,800 It's not worth it, right? Rather play like I said 560 00:30:54,800 --> 00:30:59,440 yesterday, the far coin volume volatility, you know, like maybe 561 00:30:59,440 --> 00:31:02,960 when Solana's back steady above like that one 8200 mark, maybe 562 00:31:04,080 --> 00:31:08,440 that's when fun starts, you know, I'm counting. 563 00:31:09,160 --> 00:31:11,080 That is, that's when the game will be harder. 564 00:31:11,200 --> 00:31:15,320 So like it's, it is like an easier mode right now. 565 00:31:15,840 --> 00:31:17,960 But how do you find that one Defiant one, for example? 566 00:31:18,480 --> 00:31:19,760 I didn't see it my time, right? What is it? 567 00:31:22,000 --> 00:31:25,080 So Defiant and I wasn't really around last night and I wasn't 568 00:31:25,080 --> 00:31:28,760 really actively trading. I think this is from it's, it's 569 00:31:28,760 --> 00:31:32,920 tied into that group that was tied to the RFC coin, which just 570 00:31:32,920 --> 00:31:36,960 ran to 100 million. So like it's a Twitter account. 571 00:31:37,120 --> 00:31:40,120 They have interactions with Elon quite a bit, which is kind of 572 00:31:40,120 --> 00:31:42,880 similar to how the RFC narrative took shape. 573 00:31:45,360 --> 00:31:48,080 But some of the other recent runners, I think it's just kind 574 00:31:48,080 --> 00:31:51,120 of being on the timeline, seeing what starts to get talked about, 575 00:31:51,120 --> 00:31:54,400 what starts to get traction. And they're in the five to $10 576 00:31:54,400 --> 00:31:55,880 million range. And then you kind of look for 577 00:31:55,880 --> 00:32:00,760 that first 60 to 70% pull back and and if you like the RR 578 00:32:00,760 --> 00:32:02,360 there, you just, you just hop in. 579 00:32:02,560 --> 00:32:07,000 But what's nice is about right now is there aren't 25 coins to 580 00:32:07,000 --> 00:32:08,560 pick from. Like there's still only really 581 00:32:08,560 --> 00:32:12,160 one or two hot tokens to even take a look at. 582 00:32:12,680 --> 00:32:14,440 And I'm not saying any of these are a buy right now. 583 00:32:14,480 --> 00:32:17,440 And I think this is going to be a weird weekend, especially in 584 00:32:17,480 --> 00:32:20,280 the Easter, and folks are AFK there's. 585 00:32:20,280 --> 00:32:21,560 Going to be an Easter runner, right? 586 00:32:23,640 --> 00:32:26,440 Hope so. Speaking of Easter quickly the 587 00:32:26,440 --> 00:32:31,840 coat giveaway today. I like the name eat. 588 00:32:31,840 --> 00:32:35,720 Honestly, that's a good domain. You really cookwithyou.com and I 589 00:32:35,720 --> 00:32:39,760 eat by the way, the the branding guy in me really just gets 590 00:32:39,800 --> 00:32:43,280 really like so like I have a hard on for that every time I 591 00:32:43,280 --> 00:32:45,920 see it. Anyway, TMI Easter is the code 592 00:32:46,400 --> 00:32:49,360 Easter. No, sorry, I just love usernames 593 00:32:49,360 --> 00:32:51,360 and I used to like trade usernames like 10 years ago and 594 00:32:51,360 --> 00:33:00,400 shit. Easter ESTEREASTER is Yeadster. 595 00:33:00,400 --> 00:33:03,040 Not bad. Yeadster EASTR is the code 596 00:33:03,040 --> 00:33:04,480 today. Join in. 597 00:33:04,960 --> 00:33:08,480 You have to have referral code. 4 more hour if you want to win. 598 00:33:08,520 --> 00:33:09,920 It's going to be 4 more hours. Norway. 599 00:33:09,920 --> 00:33:13,000 Is it a Soho or Kook? They're going to hate me. 600 00:33:13,000 --> 00:33:17,080 These two guys. I keep naming them anyways. 601 00:33:17,080 --> 00:33:18,560 Tyler, back to you. Yeah. 602 00:33:19,320 --> 00:33:22,840 You mentioned playing the the far coin ranges like this is is 603 00:33:22,840 --> 00:33:24,640 playing out. So we just keep and it's an. 604 00:33:24,640 --> 00:33:27,640 Easy 1 to play. It's between. $0.80 and $0.95, 605 00:33:28,240 --> 00:33:30,160 it's been doing this for six days now. 606 00:33:31,080 --> 00:33:39,520 You sell at 95, you buy at 80, and you've been waiting for time 607 00:33:39,520 --> 00:33:41,320 to get in. So do you want to see it go well 608 00:33:41,320 --> 00:33:44,000 below 80 for your entry, or are you going to start playing the 609 00:33:44,000 --> 00:33:47,080 range or just just continue to kind of watch this one play out? 610 00:33:47,080 --> 00:33:52,840 What do you think for Oakland ON? 611 00:33:52,840 --> 00:33:55,440 This I, I don't know, I don't know, I'm not even doing it for 612 00:33:55,440 --> 00:33:57,600 what it's worth. But like every time you see a 613 00:33:57,600 --> 00:34:00,360 dip, you, you buy some and if it dips more, you buy more. 614 00:34:00,760 --> 00:34:02,640 And then you just keep selling it on the way up. 615 00:34:02,640 --> 00:34:04,720 Like I feels like this is going to be the story of this. 616 00:34:04,720 --> 00:34:07,800 And if you believe like us, that there's going to be another run, 617 00:34:08,159 --> 00:34:09,639 then Farquin's going to run with the rest. 618 00:34:09,639 --> 00:34:11,600 So worst case, you caught holding a little back for a 619 00:34:11,600 --> 00:34:15,199 little bit if you can afford it, and then it runs higher like you 620 00:34:15,199 --> 00:34:16,480 guys think. I have a question for you too. 621 00:34:16,520 --> 00:34:20,480 Like you guys think Farquin goes back to its lows 303 to 4, even 622 00:34:20,480 --> 00:34:25,639 400? I do not in the. 623 00:34:25,639 --> 00:34:31,440 Next six months. I mean, a lot could change in 624 00:34:31,440 --> 00:34:34,040 six months. So like, you know, like doesn't. 625 00:34:34,040 --> 00:34:38,360 Bart Simpson back down. I I feel like the the next 626 00:34:38,360 --> 00:34:42,320 level, like the next level support is like the 660 cents, 627 00:34:42,400 --> 00:34:44,600 yeah. 6 fine I could see that easily. 628 00:34:45,000 --> 00:34:47,320 Went to 700 like 3 days ago. What do you think Mando? 629 00:34:47,320 --> 00:34:51,280 Do you think far coin could just reverse back to like 250 mil? 630 00:34:51,280 --> 00:34:56,000 350 mil. Maybe on a Wick. 631 00:34:56,120 --> 00:34:57,800 You never know. You never know you. 632 00:34:58,560 --> 00:35:00,320 Never know it's true. It takes one guy just to say 633 00:35:00,320 --> 00:35:03,880 fuck it. But it takes the global markets 634 00:35:03,880 --> 00:35:05,400 to say fuck it at some stage, right? 635 00:35:05,400 --> 00:35:07,400 You can get. Yeah, but don't worry bro. 636 00:35:07,760 --> 00:35:10,760 Don't worry bro. The hats are in the playoffs. 637 00:35:11,200 --> 00:35:16,080 You know what that means? Montreal is in the playoffs. 638 00:35:16,400 --> 00:35:19,680 OK, that just just that's all you need to know. 639 00:35:20,400 --> 00:35:20,840 That's. Big. 640 00:35:21,680 --> 00:35:24,960 That'll be one of our driving factors across global markets 641 00:35:24,960 --> 00:35:26,160 here. Absolutely. 642 00:35:26,920 --> 00:35:29,440 Let's go around the horn we'll we'll wrap this up in a few 643 00:35:29,440 --> 00:35:35,040 minutes and we'll get to the games launch lab day 2. 644 00:35:35,600 --> 00:35:38,040 The the clear winner was this time token. 645 00:35:38,040 --> 00:35:42,000 I think it hit 6,000,000 at peak it's back at 3,000,000 this this 646 00:35:42,040 --> 00:35:46,080 rake tokens now 750,000. Those are the only two tokens 647 00:35:46,080 --> 00:35:50,720 really that have made much of A splash. 30 tokens have graduated 648 00:35:50,720 --> 00:35:53,960 fiber above 100K. So that's your market report. 649 00:35:55,680 --> 00:35:58,920 We'll we'll see how this continues to progress. 650 00:35:59,160 --> 00:36:01,160 It's hard. One thing we've seen with all 651 00:36:01,160 --> 00:36:06,160 these new launch pads, it's very hard to force good memes, right? 652 00:36:07,480 --> 00:36:11,480 We're not missing memes because of a a lack of ability to launch 653 00:36:11,480 --> 00:36:13,880 them. It's just the the lack of good 654 00:36:13,880 --> 00:36:16,840 content, good teams and virality. 655 00:36:18,000 --> 00:36:21,840 So just the existence of this new Launch Lab platform is not 656 00:36:21,840 --> 00:36:24,640 going to in itself make successful new memes. 657 00:36:26,280 --> 00:36:29,560 The wild card is if like the Radium group wanted to kind of 658 00:36:29,680 --> 00:36:31,840 push some tokens on their own platform, kind of like what we 659 00:36:31,840 --> 00:36:34,960 see with base and the bank less guys kind of rallying behind 660 00:36:35,440 --> 00:36:37,600 bases for everyone. So that's a wild card to see. 661 00:36:37,600 --> 00:36:39,800 So if there's a weekend runner, will it come on Launch Lab? 662 00:36:39,800 --> 00:36:42,520 I don't know. I don't know if I'm betting that 663 00:36:42,520 --> 00:36:47,120 it will probably, I mean. If I was the founders, you know, 664 00:36:47,120 --> 00:36:48,640 they had a lot of money and made them. 665 00:36:50,240 --> 00:36:52,880 I'm not saying you should, but I'm just saying, you know they. 666 00:36:54,320 --> 00:36:55,440 I. Was the founder of the radium 667 00:36:55,440 --> 00:36:59,200 might be pushing the shit? Yeah, it's did. 668 00:36:59,200 --> 00:37:01,400 Fartiam do well because yesterday I was trying to buy 669 00:37:01,400 --> 00:37:04,280 that one at like 30 K because I was like fuck it's funny I guess 670 00:37:04,280 --> 00:37:05,920 it died. Didn't even did it. 671 00:37:05,920 --> 00:37:07,760 Not even. Graduate. 672 00:37:07,800 --> 00:37:10,960 Yeah, I don't even graduate. All right, but don't buy this. 673 00:37:10,960 --> 00:37:13,080 I don't have any F0 guys. I'm just saying I thought it was 674 00:37:13,080 --> 00:37:16,760 funny because I'm stupid. But see even that stuff I'm 675 00:37:16,760 --> 00:37:18,160 reluctant. Like back then I used to go on 676 00:37:18,160 --> 00:37:21,040 pump fun and just throw like 1 sole at like 50 coins for fun. 677 00:37:21,040 --> 00:37:27,440 I don't even do this anymore. I'm actually I still pay for the 678 00:37:27,440 --> 00:37:31,360 weekly wisdom and I haven't even been in that chat in like weeks. 679 00:37:32,480 --> 00:37:37,200 Still get my weekly, my monthly fucking I still pay that 70. 680 00:37:37,200 --> 00:37:39,400 Months, a month, all this house is right there. 681 00:37:40,280 --> 00:37:42,360 The shout out to Whiz, I give him a lot of shit on his coat so 682 00:37:42,360 --> 00:37:43,800 I had to shout him out real quick. 683 00:37:43,920 --> 00:37:46,480 By the way, Speaking of X copy, you just scroll through X copy 684 00:37:46,480 --> 00:37:48,920 dude. That edition that minted for two 685 00:37:48,920 --> 00:37:51,960 weeks not long ago, one of them just sold for like 30 eighties 686 00:37:51,960 --> 00:37:53,560 dude. Really. 687 00:37:54,320 --> 00:37:56,600 Yeah. Bro like yesterday wow. 688 00:37:56,720 --> 00:37:58,800 I missed that. Let me try to let me try to find 689 00:37:58,800 --> 00:37:59,120 it. It's. 690 00:37:59,240 --> 00:38:01,520 What's it called again? Can someone refresh my memory? 691 00:38:01,760 --> 00:38:08,640 It's it's the one he just minted out. 692 00:38:11,760 --> 00:38:15,400 Man, why am I? I see if I can. 693 00:38:15,400 --> 00:38:16,920 Find it trending? Go to. 694 00:38:16,920 --> 00:38:24,080 The X copy bot and and the remnant #1 sold for 38.84 E 17 695 00:38:24,080 --> 00:38:24,960 hours ago. I saw that. 696 00:38:25,200 --> 00:38:28,040 Oh, wow. OK, yeah, that's number one. 697 00:38:29,000 --> 00:38:31,000 And the. Grifter sold in for 17, so those 698 00:38:31,000 --> 00:38:33,080 are holding really strong for talking NFTS in the art. 699 00:38:33,120 --> 00:38:35,400 Yeah, remnants. Thank you Lukey but sold for 700 00:38:35,400 --> 00:38:37,840 number 1 though. But it was tweet mint. 701 00:38:38,080 --> 00:38:38,960 Not bad. It was raffle. 702 00:38:39,760 --> 00:38:43,440 Yeah, I mean, X copy has been still pretty hot here. 703 00:38:44,640 --> 00:38:48,040 Wow, another one sold for these are selling for like 9 E 11 E. 704 00:38:48,240 --> 00:38:50,680 Yeah dude. Wow yeah dude there X copy 705 00:38:50,680 --> 00:38:54,680 market is not no no bear market. I was not. 706 00:38:54,680 --> 00:38:58,440 I'll just be honest no one cares about my opinion on on glitch or 707 00:38:58,520 --> 00:39:01,240 but I was never a fan of the remnants. 708 00:39:01,760 --> 00:39:03,800 This is a yeah, it's a matter of your, your taste, right? 709 00:39:03,800 --> 00:39:09,600 Like some people love this stuff. 38.8 ETH for number 10. 710 00:39:09,600 --> 00:39:11,720 Free mint for Verpass? I'm sorry, it was a free mint. 711 00:39:11,880 --> 00:39:14,920 Sorry about that then. 11 ETH for this one that is. 712 00:39:15,720 --> 00:39:17,080 Hey, dude. But they moved though. 713 00:39:17,280 --> 00:39:18,600 They moved though. If you click on the thing, you 714 00:39:18,600 --> 00:39:22,280 know what I mean. All the mendo. 715 00:39:22,320 --> 00:39:24,200 You still have your art 4. Is 10 now. 716 00:39:24,200 --> 00:39:26,680 Wow. Mendo, you still have all your 717 00:39:26,680 --> 00:39:30,680 art for Zovi. Do I still have my what? 718 00:39:31,240 --> 00:39:32,920 Your art. Yeah. 719 00:39:33,240 --> 00:39:34,320 All of it, you guys. Kept it. 720 00:39:34,360 --> 00:39:37,040 Yeah, these guys have a really nice, nice copy of one of ones. 721 00:39:37,440 --> 00:39:39,400 Yeah, He walks us through it. That one day I was. 722 00:39:39,400 --> 00:39:40,720 Oh yeah, yeah. I was floored. 723 00:39:40,720 --> 00:39:43,800 I didn't realize that you had all of those. 724 00:39:43,800 --> 00:39:46,360 So clearly you guys have an incredible collection. 725 00:39:46,360 --> 00:39:48,680 It's. How we first came in with oh 726 00:39:48,720 --> 00:39:51,920 geez, in the in the crypto art space. 727 00:39:52,760 --> 00:39:57,920 Yeah, and now it is easier for new participants to add to their 728 00:39:57,920 --> 00:40:01,040 NMT collections thanks to this update from Open C. 729 00:40:01,640 --> 00:40:07,240 Where you can mint an entity using any native currency, any 730 00:40:07,240 --> 00:40:10,040 cryptocurrency across any other supported chains. 731 00:40:10,040 --> 00:40:15,200 So there is an X copy mint on ETH, you can mint it using Abex, 732 00:40:16,120 --> 00:40:20,960 you can mint it using Apecoin and you should be able to mint 733 00:40:20,960 --> 00:40:24,520 it using Solana here soon. If that's not enabled yet, it, 734 00:40:24,600 --> 00:40:28,680 it will be because Solana is their their latest supported 735 00:40:28,680 --> 00:40:31,760 chain. So it's a it's a big one. 736 00:40:31,760 --> 00:40:34,920 There's not a massive demand for new NFT men's right now. 737 00:40:34,920 --> 00:40:38,200 I think we get one hyped NFT men every couple weeks, maybe one 738 00:40:38,280 --> 00:40:41,520 couple of per month. But this is, this is nice or 739 00:40:41,520 --> 00:40:45,480 they are abstracting away some of the the pain in a multi chain 740 00:40:45,480 --> 00:40:47,040 world. So we see what you're doing 741 00:40:47,040 --> 00:40:51,240 Opensee. I like this progress and they 742 00:40:51,240 --> 00:40:54,600 are starting to eliminate some user experience hurdles here. 743 00:40:55,440 --> 00:40:58,000 So I know we're supposed to have Devin on the show like a month 744 00:40:58,000 --> 00:41:00,520 ago. I, that's not me, I'll, I'll 745 00:41:00,520 --> 00:41:02,480 ping him. I'll ping him. 746 00:41:02,480 --> 00:41:04,840 I think he got busy too. He pushed a little bit and then 747 00:41:05,160 --> 00:41:08,760 I pushed and then we kind of lost each other, I think. 748 00:41:08,760 --> 00:41:11,720 Some of the criticism and and it was fair that Open C didn't 749 00:41:11,720 --> 00:41:13,640 really innovate for three to four years. 750 00:41:14,640 --> 00:41:18,320 Definitely didn't. Open C2 was kind of like a blur 751 00:41:18,320 --> 00:41:21,320 copy at first, but now I think that we can say like this is 752 00:41:21,320 --> 00:41:24,440 some innovation here they are. They are trying to solve some 753 00:41:24,440 --> 00:41:27,520 real issues for for those who are trading across change right 754 00:41:27,520 --> 00:41:30,080 now. And the NFTS is one thing. 755 00:41:30,080 --> 00:41:32,840 I think that being able to do this with tokens is even bigger. 756 00:41:34,120 --> 00:41:36,800 So hats off to them. We'd love to talk to them more 757 00:41:36,800 --> 00:41:40,280 deeply about this. We have about 10 minutes left in 758 00:41:40,280 --> 00:41:44,080 the show and that kind of went through the items all the time. 759 00:41:45,520 --> 00:41:48,600 It's quiet, dude. We're all just chilling on this 760 00:41:48,600 --> 00:41:51,800 show, talking about a single topic for like 17 minutes. 761 00:41:51,800 --> 00:41:53,200 You know? It's quiet, but at least we're 762 00:41:53,200 --> 00:41:54,840 here. By the way, I like your sweater. 763 00:41:55,560 --> 00:41:56,560 Oh, thank you. Is that a birthday? 764 00:41:57,200 --> 00:42:00,960 Sweater. It's one of my my suburbs suburb 765 00:42:00,960 --> 00:42:02,960 sweaters. That's the that's the, that's 766 00:42:02,960 --> 00:42:05,320 the, that's the rich man new house sweater. 767 00:42:06,120 --> 00:42:08,840 I like it. That's the. 4 year old jumper is 768 00:42:08,840 --> 00:42:11,200 right there I. Really like it the chat chat 769 00:42:11,200 --> 00:42:11,680 was. Talking. 770 00:42:11,960 --> 00:42:12,720 About your sweater.