1 00:00:00,080 --> 00:00:01,200 Oh, yo. What up? 2 00:00:01,320 --> 00:00:02,480 What up? Good morning. 3 00:00:02,480 --> 00:00:11,520 Good morning, G&G Friday. Woo. 4 00:00:11,520 --> 00:00:13,640 It's Friday then. Oh yeah. 5 00:00:14,040 --> 00:00:23,200 Oh yeah, Friday May 17th, 2020. Look at that. 6 00:00:23,240 --> 00:00:25,720 Another beautiful day. To have a beautiful day. 7 00:00:26,080 --> 00:00:28,360 I got my Co host to the house. Tyler. 8 00:00:28,560 --> 00:00:30,200 Tyler, good morning. How you doing today? 9 00:00:30,200 --> 00:00:32,560 Happy Friday. Happy Friday. 10 00:00:32,560 --> 00:00:34,600 It's Friday. Markets have been green this 11 00:00:34,600 --> 00:00:35,760 week. The sun is shining. 12 00:00:35,760 --> 00:00:36,880 We're feeling good today for all. 13 00:00:37,280 --> 00:00:39,480 Dude honestly couldn't have asked for a better Friday. 14 00:00:39,600 --> 00:00:41,800 Like you said, you know sunshine on the East Coast and we're both 15 00:00:41,800 --> 00:00:43,760 pretty much E coasters. You know, sunshining in 16 00:00:43,760 --> 00:00:45,080 Montreal. I'm assuming it's good where 17 00:00:45,080 --> 00:00:49,480 you're at in Chicago and and and you know we're we're vibing. 18 00:00:49,480 --> 00:00:51,080 We're vibing. The weather's getting better 19 00:00:51,080 --> 00:00:53,400 here. The I mean, the price of 20 00:00:53,400 --> 00:00:56,560 crypto's definitely pumping. Love to see that I have just one 21 00:00:56,560 --> 00:00:58,920 laggard on the West side, but it's OK, it'll catch up. 22 00:00:59,360 --> 00:01:02,720 But besides that, you know, my Solana, my Bitcoin, the Ruins, 23 00:01:02,880 --> 00:01:05,519 the NFTS, even Heath, even Heath, everything's everything 24 00:01:05,519 --> 00:01:07,600 seems to be pretty doing pretty well, and I'm sure we're going 25 00:01:07,600 --> 00:01:10,120 to talk about that in a minute. So things are going really well 26 00:01:10,120 --> 00:01:12,720 and you absolutely love to see it on a Friday. 27 00:01:12,720 --> 00:01:15,240 And now we got not one, but two fantasy top tournaments running 28 00:01:15,480 --> 00:01:17,520 at the same time. So we're vibing. 29 00:01:18,120 --> 00:01:20,840 We're deathly. Vibing we're vibing one of my 30 00:01:20,840 --> 00:01:23,160 favorite moon boys in the timeline is calling it the bears 31 00:01:23,160 --> 00:01:27,680 last stand on Pepe and with so this is this is the last battle 32 00:01:28,280 --> 00:01:30,880 I'll I'll have to find it back I don't I don't have it pulled up 33 00:01:31,560 --> 00:01:34,080 but this incredible call out we're we're gonna breakthrough 34 00:01:34,080 --> 00:01:38,000 this final bear wall and then things are gonna absolutely send 35 00:01:38,240 --> 00:01:40,520 and then yeah we've got excitement all day fantasy top 36 00:01:40,520 --> 00:01:43,800 main tournament 2 coming to an end and then two new tournaments 37 00:01:43,800 --> 00:01:45,040 are kicking off. I love that. 38 00:01:45,040 --> 00:01:47,200 Who's your favorite moon boy in the timeline I need to know now? 39 00:01:47,400 --> 00:01:48,640 Like. Oh man. 40 00:01:48,920 --> 00:01:52,600 Was it theorem Damien? He's definitely up there. 41 00:01:53,440 --> 00:01:56,160 It's it's the whiff boys. Some of these whiff boys, they 42 00:01:56,240 --> 00:01:58,160 they just do not stop and they both. 43 00:01:58,160 --> 00:02:01,600 I mean I just found one of them right now because I googled like 44 00:02:01,600 --> 00:02:05,360 I just searched on the X like Bears last stand, Pepe Whiff and 45 00:02:05,360 --> 00:02:07,160 this is like an incredible timeline. 46 00:02:07,160 --> 00:02:09,600 I'm going to follow them. They're pudgy Penguins so I feel 47 00:02:09,600 --> 00:02:11,640 like you know pudgy follow pudgy. 48 00:02:11,640 --> 00:02:14,400 Anyways, so got to follow them. Which anyways leads me to 49 00:02:14,440 --> 00:02:16,400 today's topics. Today's show today. 50 00:02:16,400 --> 00:02:18,320 Today. Because actually Penguins are 51 00:02:18,320 --> 00:02:20,320 part of that. Yeah, same. 52 00:02:20,440 --> 00:02:22,560 I actually love St. Pomp, personally speaking. 53 00:02:22,560 --> 00:02:24,080 Really. Actually, I would love to get 54 00:02:24,080 --> 00:02:25,960 him on the show. I wonder if he's dogs or not. 55 00:02:26,440 --> 00:02:28,400 That's someone I really like to follow up my notifications on 56 00:02:28,400 --> 00:02:32,320 for him. Anyways, today on the show Today 57 00:02:32,320 --> 00:02:36,560 today, Danny, marking report as your crypto macro, etcetera. 58 00:02:36,560 --> 00:02:39,760 Oh and look. Running back, running back. 59 00:02:40,160 --> 00:02:42,080 What's up, Mando? Good morning. 60 00:02:42,080 --> 00:02:44,560 Happy Friday, King. What's up, boys? 61 00:02:44,840 --> 00:02:47,960 How we doing? You had me riled the fuck up 62 00:02:48,000 --> 00:02:52,160 this morning. I woke up like really early 63 00:02:52,960 --> 00:02:55,120 because ever since I'm back from Hong Kong been wake up like 530 64 00:02:55,840 --> 00:02:58,400 and but I went back to bed this morning I didn't actually get up 65 00:02:58,400 --> 00:03:01,480 but it was a re woke up at 7:00 and I got I had texts from Mendo 66 00:03:01,480 --> 00:03:06,800 353 in the morning and he was going off he was going off on 67 00:03:06,800 --> 00:03:10,680 the on the in the back end and y'all saw his his tweets on the 68 00:03:10,680 --> 00:03:13,360 front end and he got me riled up this morning. 69 00:03:13,360 --> 00:03:15,880 Man you had me wanting to get up and run through a wall. 70 00:03:15,880 --> 00:03:17,160 I don't even know why I'm having coffee. 71 00:03:17,160 --> 00:03:21,720 I even need that. Boy oh boy, did you have me 72 00:03:21,880 --> 00:03:23,320 excited. One of those mornings, right? 73 00:03:23,320 --> 00:03:27,040 I just had enough of it, just just just so many mid takes out 74 00:03:27,040 --> 00:03:29,200 there and it just felt like it was obvious. 75 00:03:29,200 --> 00:03:30,400 I don't know. I've been feeling that for a 76 00:03:30,400 --> 00:03:32,440 while. But it's become more obvious 77 00:03:32,440 --> 00:03:35,400 this cycle as we, as we've turned from a bear into the bull 78 00:03:35,400 --> 00:03:39,280 cycle that, I don't know, hold that luck. 79 00:03:39,280 --> 00:03:42,960 I just feel as though, yeah. Hold that thought right there. 80 00:03:43,160 --> 00:03:44,160 Hold that thought right there. We're here. 81 00:03:44,280 --> 00:03:45,440 Topics. Yeah, hold that. 82 00:03:45,440 --> 00:03:46,760 Because I'm only need that energy. 83 00:03:46,920 --> 00:03:49,560 God damn it, dude. People who started Mando right 84 00:03:49,560 --> 00:03:51,120 now in the Commons Only tournament are probably 85 00:03:51,120 --> 00:03:52,720 euphoric. I mean, the man woke up and 86 00:03:52,720 --> 00:03:55,400 chose violence against the old guard like he's on a mission 87 00:03:55,560 --> 00:03:56,960 against the old guard, you know what I mean? 88 00:03:56,960 --> 00:03:59,080 Like, he's like, all right, I'm putting, you know, I'm 89 00:03:59,080 --> 00:04:00,960 representative of the new folks around here. 90 00:04:00,960 --> 00:04:03,360 I'm going to show them how you trade, show them how it's done. 91 00:04:03,360 --> 00:04:06,960 Right. Anyway, we're we're we're out 92 00:04:06,960 --> 00:04:09,560 here bull posting like crazy though you'll notice that Tyler. 93 00:04:09,560 --> 00:04:11,960 But I know, I know you're one of us because you do the same thing 94 00:04:11,960 --> 00:04:14,040 already. Meadow OV and I, we make it a 95 00:04:14,040 --> 00:04:16,920 mission to just bull post and times where it's like doomer on 96 00:04:16,920 --> 00:04:19,120 the timeline like it was like that during the bear market 97 00:04:19,120 --> 00:04:20,640 which is bull post. But what's good is that you're 98 00:04:20,640 --> 00:04:23,920 like that already. Your fellow Perma Bull, I can 99 00:04:23,920 --> 00:04:26,400 tell Been following you long enough to know that so. 100 00:04:28,520 --> 00:04:31,240 So any of my fit in well but no one cares when I bull posts so 101 00:04:31,240 --> 00:04:35,320 they care a lot more when mando and OB post so need you guys to 102 00:04:35,400 --> 00:04:37,040 to keep doing. That nobody gives a shit when I 103 00:04:37,040 --> 00:04:38,800 bull post either. But it's OK. 104 00:04:38,800 --> 00:04:40,120 I still do it, 'cause I rally the troops. 105 00:04:40,120 --> 00:04:43,160 That's all that matters. You know, I went as far as this 106 00:04:43,160 --> 00:04:47,480 morning announcing that bears and the SEC are one and the 107 00:04:47,480 --> 00:04:49,840 same. So if you're bear, if you're and 108 00:04:49,840 --> 00:04:52,640 if you're part of the SEC, you're the same to me, same debt 109 00:04:52,640 --> 00:04:57,240 to me. Anyways today, today, telemarket 110 00:04:57,240 --> 00:04:59,760 reports crypto macro. Obviously we just said crypto 111 00:04:59,760 --> 00:05:01,400 was soaring. I can't wait to get into that, 112 00:05:01,760 --> 00:05:04,640 into details, more ETF inflows of course, you absolutely love 113 00:05:04,640 --> 00:05:06,360 to see that popped off on exploit. 114 00:05:06,360 --> 00:05:08,400 We're going to have Tyler. We'll run on through the details 115 00:05:08,400 --> 00:05:10,880 of that and what went down on the back of that. 116 00:05:10,880 --> 00:05:13,440 Fentech clubs are popping right now actually. 117 00:05:13,440 --> 00:05:15,880 So, so watch that space actually literally because there's a lot 118 00:05:15,880 --> 00:05:18,280 of stuff going on there. So we'll we'll run through 119 00:05:18,280 --> 00:05:21,120 everything through that. Tyler has a few topics that he 120 00:05:21,120 --> 00:05:23,640 wants to to talk about alts memes and dreams. 121 00:05:24,160 --> 00:05:28,480 I mean Pepe with looks like bears last last wall standing. 122 00:05:28,480 --> 00:05:31,240 You said Tyler right before before I started going off on 123 00:05:31,240 --> 00:05:33,240 the topic. So we'll talk about that for 124 00:05:33,240 --> 00:05:34,920 sure. You have a new AirDrop coming so 125 00:05:34,920 --> 00:05:37,600 $300 million FTV drift AirDrop. I wonder if I got some of that. 126 00:05:37,600 --> 00:05:40,240 I have no idea. I guess we'll see Pudgy Penguins 127 00:05:40,280 --> 00:05:42,120 again. Luca Cooking paying a 128 00:05:42,120 --> 00:05:44,880 partnership with loading group, which is huge in the in 129 00:05:44,960 --> 00:05:47,520 Southeast Asia, in Korea for when it comes comes to the toys. 130 00:05:47,520 --> 00:05:48,720 And you know they love their toys. 131 00:05:48,880 --> 00:05:51,160 They love the anime, the characters and everything over 132 00:05:51,160 --> 00:05:52,680 there. So that is massive. 133 00:05:52,760 --> 00:05:56,280 Again, like huge Congrats to to Luca for always cooking it and 134 00:05:56,280 --> 00:05:57,880 today's packed show. So then we'll be joined by 135 00:05:57,880 --> 00:05:59,680 today's show partner, Sending Labs. 136 00:05:59,680 --> 00:06:02,280 So we'll talk to Sending Labs. Pretty cool stuff they got going 137 00:06:02,280 --> 00:06:04,480 on there. And then don't leave because 138 00:06:04,680 --> 00:06:06,600 it's Friday and you know what the Friday is? 139 00:06:06,600 --> 00:06:09,960 It's Robert Friday, baby. Our partners on the show since 140 00:06:09,960 --> 00:06:13,440 February and and so we're going to pick 2 lucky winners to come 141 00:06:13,440 --> 00:06:15,320 and win NFTS. I'm going to finalize the loot 142 00:06:15,320 --> 00:06:18,880 box while I'm on here but but you'll see, you'll see it's 143 00:06:18,880 --> 00:06:20,960 going to be it's going to be a while so make sure you're at 144 00:06:20,960 --> 00:06:22,160 this on the space at the same time. 145 00:06:22,200 --> 00:06:25,440 And we've actually Sims, you know messaged me last night said 146 00:06:25,440 --> 00:06:28,320 he noticed some some people winning a few times and we we've 147 00:06:28,320 --> 00:06:30,120 made it a little more strict to win. 148 00:06:30,120 --> 00:06:33,040 So you still have to follow four more hour follow robot to 149 00:06:33,040 --> 00:06:35,400 retweet the Twitter spaces and be on the space but you'll see. 150 00:06:35,400 --> 00:06:40,160 Anyways, this show, as usual, is presented by Moon Pay to buy and 151 00:06:40,160 --> 00:06:42,880 sell crypto with PayPal World. Download the Moon Pay app, and 152 00:06:42,880 --> 00:06:46,520 once you've done that, get fair site Network All right on X for 153 00:06:46,520 --> 00:06:49,480 Wallace coverage, Drains and scams. 154 00:06:49,680 --> 00:06:51,680 All right, all right, all right. Without further ado, why don't 155 00:06:51,680 --> 00:06:54,920 we get right into it? We got Mando pulled up right 156 00:06:54,920 --> 00:06:56,400 now. I I I need the whole thing. 157 00:06:56,440 --> 00:07:02,080 I need to hear the whole. Thing. 158 00:07:06,320 --> 00:07:09,520 Can you dig it? What's happened to my videos? 159 00:07:10,200 --> 00:07:12,480 Oh, Nope. Nope. 160 00:07:12,880 --> 00:07:15,960 We we lost Duck Jesus. We lost Duck Jesus. 161 00:07:15,960 --> 00:07:18,200 Oh, Duck Jesus. Ducked, ducked. 162 00:07:18,600 --> 00:07:22,920 He quacked, he ducked. He's out, man, You, you. 163 00:07:23,520 --> 00:07:25,800 And then you know what he does. You know what he did to me the 164 00:07:25,800 --> 00:07:29,160 other day during the show, Mando sent me like a chart of like, 165 00:07:29,160 --> 00:07:31,080 who has the best Internet in the world. 166 00:07:31,520 --> 00:07:33,800 And he was like, Portugal's not so far. 167 00:07:33,960 --> 00:07:36,920 Portugal's not so far from Canada on the chart of the top 168 00:07:36,920 --> 00:07:40,800 Internet, last I checked, Canada doesn't I still. 169 00:07:41,160 --> 00:07:45,280 Haven't had time to fix it the Yeah, it's time. 170 00:07:45,880 --> 00:07:48,120 To prove Amanda. Before we get into another 171 00:07:48,120 --> 00:07:53,680 debate about Portuguese, Internet market feels kind of 172 00:07:53,680 --> 00:07:57,120 unchanged. That's what I would say what you 173 00:07:57,120 --> 00:08:00,720 have seen is that Solana continued to push up. 174 00:08:00,720 --> 00:08:03,960 I think it nearly hit 170 actually and interestingly even 175 00:08:03,960 --> 00:08:07,520 ETH caught a little bit of a bit today, so solemnly both rallying 176 00:08:07,520 --> 00:08:09,080 Bitcoin just kind of consolidating. 177 00:08:09,080 --> 00:08:11,960 Remember Bitcoin had a very strong week, so on the week now 178 00:08:11,960 --> 00:08:15,640 over the last seven days bitcoin's up 5%, eases up 2%, so 179 00:08:15,640 --> 00:08:19,440 long is up about 10%. So I think that's pretty 180 00:08:19,440 --> 00:08:21,560 healthy. You also had a big move in a 181 00:08:21,560 --> 00:08:23,320 bunch of different altcoins today. 182 00:08:23,360 --> 00:08:25,120 So Link was one of the major movers. 183 00:08:25,120 --> 00:08:28,000 It's doing a partnership well. I think it announced the end of 184 00:08:28,000 --> 00:08:32,120 a partnership really or a a pre stage partnership with a bunch 185 00:08:32,120 --> 00:08:36,320 of different banks about putting some of their funds on the 186 00:08:36,320 --> 00:08:38,440 blockchain. That seemed to go well. 187 00:08:38,679 --> 00:08:42,280 So Link which is kind of like a an OG project in the space that 188 00:08:42,280 --> 00:08:46,000 was up 20% and then you had a few like the new L ones we've 189 00:08:46,000 --> 00:08:48,640 been talking about recently. So our weave was up a decent 190 00:08:48,640 --> 00:08:52,680 amount. I think that was kind of it for 191 00:08:52,680 --> 00:08:55,960 the like the major L ones and then Ondo I think is about to 192 00:08:55,960 --> 00:09:02,320 get listed by by Coinbase alongside and a couple of other 193 00:09:02,320 --> 00:09:04,920 projects. So you've seen Coinbase actually 194 00:09:04,920 --> 00:09:08,240 start to list a few more old coins recently, which I thought 195 00:09:08,240 --> 00:09:10,120 has been relatively interesting because remember they're being 196 00:09:10,120 --> 00:09:12,680 challenged by the SEC, they're they're listening about the 197 00:09:12,680 --> 00:09:15,720 international arm. But yeah, just interesting to 198 00:09:15,720 --> 00:09:18,720 see that Coinbase is being a bit more fast and ready with the 199 00:09:18,720 --> 00:09:21,080 listings than they have been in the past. 200 00:09:21,160 --> 00:09:23,800 They they obviously listed with and Pepe and then now they seem 201 00:09:23,800 --> 00:09:26,560 to be listing a lot of different Solana projects and they're 202 00:09:26,560 --> 00:09:29,280 listing a bunch of different small old coins. 203 00:09:29,280 --> 00:09:32,520 So yeah, remember Coinbase had a bit of a Chequer pass with that 204 00:09:32,520 --> 00:09:35,880 they they obviously had that guy on the inside who was listing 205 00:09:36,760 --> 00:09:42,280 trash and they got called out for it and then yeah, now. 206 00:09:42,280 --> 00:09:44,600 Now they seem to be a bit more, a bit more relaxed about it. 207 00:09:45,000 --> 00:09:48,360 So yeah it feels feels decent out there. 208 00:09:48,360 --> 00:09:52,840 We had again the major news yesterday kind of happened that 209 00:09:52,840 --> 00:09:56,200 midway through the afternoon my time which is at pumped up fun 210 00:09:56,520 --> 00:10:00,200 which has been the main I don't know casino floor on Solana got 211 00:10:00,200 --> 00:10:05,040 exploited. It was by an ex employee. 212 00:10:05,680 --> 00:10:09,080 He seems to have put in some malicious code and then was 213 00:10:09,080 --> 00:10:13,720 draining the the treasure essentially of pumped up fun by 214 00:10:13,720 --> 00:10:17,760 taking things to to Radium and essentially then rugging the 215 00:10:17,760 --> 00:10:21,880 liquidity during the exit. So he was using flash loans. 216 00:10:22,440 --> 00:10:24,640 It's kind of funny actually sent a bunch of money to I think it 217 00:10:24,720 --> 00:10:26,640 was three or four different communities. 218 00:10:27,520 --> 00:10:29,760 There was there was a lot of fear at the start that like the 219 00:10:29,760 --> 00:10:31,360 whole of the pump dot fund treasury would go here. 220 00:10:31,360 --> 00:10:33,880 It actually took him a long time to shut down pump dot fun. 221 00:10:34,680 --> 00:10:38,000 It was probably nearly nearly two hours before they actually 222 00:10:39,040 --> 00:10:41,480 hit the kill switch on pump dot fun, which I thought was kind of 223 00:10:41,480 --> 00:10:43,760 wild. Maybe this weren't weren't 224 00:10:43,760 --> 00:10:47,520 readily available to shut it down but in that time lost about 225 00:10:47,520 --> 00:10:49,080 2 million of funds. It shouldn't have really 226 00:10:49,080 --> 00:10:51,160 affected users and I think Pump dot fun actually came back and 227 00:10:51,160 --> 00:10:55,040 said any of the coins that were affected as in were actually 228 00:10:55,040 --> 00:10:58,040 sent to Radium anyway. So if you were affected and you 229 00:10:58,040 --> 00:11:00,520 own one of the coins that essentially got rugged by this 230 00:11:00,520 --> 00:11:03,520 guy, they sent you to radium anyway. 231 00:11:03,520 --> 00:11:05,280 So you've kind of made your money back. 232 00:11:06,560 --> 00:11:11,400 And I think secondly they've decided to have zero fees for I 233 00:11:11,400 --> 00:11:15,160 think the next week. So pumped off fund came back 234 00:11:15,160 --> 00:11:17,160 pretty aggressively. Pretty good response I thought 235 00:11:17,960 --> 00:11:22,560 but yeah definitely showed some vulnerabilities that the threat 236 00:11:22,560 --> 00:11:24,240 guy was actually having an interesting space yesterday with 237 00:11:24,240 --> 00:11:26,880 a bunch of people that came on just said look this is this 238 00:11:26,880 --> 00:11:29,240 could be like an ongoing problem with Solana. 239 00:11:29,240 --> 00:11:32,520 Like a lot of the the the code right now is is not open open 240 00:11:32,520 --> 00:11:37,560 source it's it's closed And so as they start to progressively 241 00:11:37,560 --> 00:11:40,160 make more of these protocols open source then you could see 242 00:11:40,160 --> 00:11:41,680 more of these vulnerabilities start to happen. 243 00:11:41,680 --> 00:11:42,760 I thought that was an interesting take. 244 00:11:42,760 --> 00:11:49,440 Like Solana in general has seen you see fewer security issues 245 00:11:49,600 --> 00:11:56,400 and maybe I'm being broad about this down on Heath and part of 246 00:11:56,400 --> 00:11:58,000 that is because a lot of the protocols are closed. 247 00:11:59,480 --> 00:12:02,280 So yeah, it's going to be interesting to see how that one 248 00:12:02,280 --> 00:12:06,920 develops because as they go towards that then then then we 249 00:12:06,920 --> 00:12:09,280 might see vulnerabilities. People are saying, you know that 250 00:12:10,520 --> 00:12:15,560 if if these like North Korean hacker groups get in and and 251 00:12:15,560 --> 00:12:18,200 find a vulnerability and one of the things as often is with 252 00:12:18,560 --> 00:12:23,760 crypto, everything's just a copy paste of the last protocol with 253 00:12:23,760 --> 00:12:26,640 small adjustments and you could have, you could have big issues. 254 00:12:26,640 --> 00:12:28,520 But this was interesting. See, obviously this wasn't that, 255 00:12:28,520 --> 00:12:33,560 this was an insider job and I don't know, I don't really know 256 00:12:33,560 --> 00:12:35,120 what happens there. Like the guy stole like 257 00:12:35,120 --> 00:12:37,840 $2,000,000 but he's like he's like docs, he's like fully 258 00:12:37,840 --> 00:12:39,560 doxed. Yeah, yeah, he's been doxed. 259 00:12:40,320 --> 00:12:43,840 And we'll see, we'll see what happens to him. 260 00:12:43,840 --> 00:12:45,760 But that that caused Solano actually to dip. 261 00:12:46,040 --> 00:12:48,480 It went down to like 155. The whole market kind of sold 262 00:12:48,480 --> 00:12:50,520 off and then everyone was like freaking out for thinking that 263 00:12:50,520 --> 00:12:53,280 this could be pretty major and then it turned out to be fairly 264 00:12:53,280 --> 00:12:54,640 minor. And then someone like ripped 265 00:12:54,640 --> 00:12:57,920 back and a bunch of a bunch of the major meme coins also kind 266 00:12:57,920 --> 00:13:00,320 of bounced back relatively strongly on the back of that. 267 00:13:00,320 --> 00:13:03,880 So risk to appetite came back. Obviously you had the you had 268 00:13:03,880 --> 00:13:08,560 that Donald guy who came out on the timeline trying to being 269 00:13:08,560 --> 00:13:11,280 like he trying to claim that he'd been proven right after 270 00:13:11,280 --> 00:13:15,960 this exploit. And I don't know it just it 271 00:13:15,960 --> 00:13:18,520 feels a little bit I I said this a few days ago just feels like 272 00:13:18,520 --> 00:13:20,400 the cope is back in the market. Like there are people who are 273 00:13:20,400 --> 00:13:22,720 happy when we set. When we sell off like there are 274 00:13:22,720 --> 00:13:26,280 100% when we sell off a bunch of different people that come out 275 00:13:26,280 --> 00:13:29,680 and be like oh you know you should have sold or so obvious 276 00:13:29,680 --> 00:13:32,720 that that was the cycle top and it feels like that's where at. 277 00:13:32,720 --> 00:13:34,560 Which I just think is a really interesting change in dynamic 278 00:13:34,560 --> 00:13:38,520 like when we're at 3030 K 40K50. Ki think everyone was still 279 00:13:39,480 --> 00:13:43,920 super bull And then this chop which has gone on now for a few 280 00:13:43,920 --> 00:13:46,880 weeks has definitely shaken out a bunch of different people. 281 00:13:48,040 --> 00:13:51,560 And yeah I wrote this tweet this morning which seems to have I 282 00:13:51,560 --> 00:13:54,640 struck A chord with people but this is my general view like I 283 00:13:54,640 --> 00:13:58,520 just and it's maybe it seems antagonistic to the old guard 284 00:13:58,520 --> 00:14:00,640 but like if you're in the old guard and you're sitting on a 285 00:14:00,640 --> 00:14:02,520 bunch of money you don't need to take as many risks. 286 00:14:02,800 --> 00:14:05,840 A lot of them aren't. A lot of them were bearish even 287 00:14:05,840 --> 00:14:09,120 at the even when we were sitting in that 25 K period, they there 288 00:14:09,120 --> 00:14:11,960 were, there were questions about where the crypto would even come 289 00:14:11,960 --> 00:14:13,480 back. There were some. 290 00:14:14,160 --> 00:14:16,080 There were some bitcoins I think who have been long only the 291 00:14:16,080 --> 00:14:18,000 whole time. But a lot of people did not 292 00:14:18,000 --> 00:14:21,120 catch this move up or they call it late and then they've been 293 00:14:21,120 --> 00:14:23,760 quick to kind of move away from it as well. 294 00:14:23,760 --> 00:14:25,080 And the reason is because they don't really need to. 295 00:14:25,080 --> 00:14:27,120 They don't really need to time the market in the same way that 296 00:14:27,520 --> 00:14:30,400 that somebody's coming in here and having to be in this, you 297 00:14:30,400 --> 00:14:32,160 know in the trenches every single day needs to. 298 00:14:32,160 --> 00:14:35,800 A lot of this cycle has been a ton of different KOL rounds for 299 00:14:35,800 --> 00:14:38,040 people. A bunch of your the old guard 300 00:14:38,040 --> 00:14:40,960 have made a huge bag of that sort of stuff, just being angels 301 00:14:40,960 --> 00:14:42,320 in the in the new brand of projects. 302 00:14:42,760 --> 00:14:44,120 And they've probably made a bunch of money. 303 00:14:44,760 --> 00:14:48,040 And interestingly a lot of their bags are in alt coins, right, 304 00:14:48,040 --> 00:14:50,400 because they've been involved in a lot of these KOL rounds. 305 00:14:50,840 --> 00:14:53,400 So they've also missed a lot of the mean coin run which has been 306 00:14:53,480 --> 00:14:55,680 which I think it's caught a lot of people off guard, not just 307 00:14:55,680 --> 00:15:01,240 old guard like even new people. And and then there's just like 308 00:15:01,240 --> 00:15:03,640 slight bitterness on the timeline about it, which 309 00:15:04,160 --> 00:15:06,760 personally I just I've just stopped paying attention to it. 310 00:15:07,160 --> 00:15:11,360 Like I I haven't seen a bullish take from one of the old card 311 00:15:11,680 --> 00:15:14,960 since GCR like GCR has been like the main put like put out that 312 00:15:14,960 --> 00:15:17,440 one tweet and it was like Oh my God, it's still bullish because 313 00:15:17,520 --> 00:15:19,960 you never see it. You never see a bullish tweet 314 00:15:19,960 --> 00:15:23,560 from from. What base Carbon and Big Dick 315 00:15:23,560 --> 00:15:26,920 Bull. The three horsemen, Yeah. 316 00:15:27,760 --> 00:15:31,480 Exactly. Is Big Dick Bull an old guard? 317 00:15:31,480 --> 00:15:33,080 At this stage? I feel like he's one of the new 318 00:15:33,080 --> 00:15:35,960 guys coming, coming up. Like I just, I never see it. 319 00:15:36,160 --> 00:15:41,760 I see cautious optimism, but I just think that there was a take 320 00:15:42,000 --> 00:15:44,960 which went back. I remember reading about it like 321 00:15:45,000 --> 00:15:48,000 a few people were pushing it like first, first cycle, you 322 00:15:48,000 --> 00:15:50,520 know you're you're like you're a complete bull tart, like you're 323 00:15:50,960 --> 00:15:53,520 you're fully left, left curve, you go after everything. 324 00:15:53,720 --> 00:15:56,720 Second cycle you're cautious and the third cycle you're meant to 325 00:15:56,720 --> 00:15:59,360 come back and be like a bit more left curve, right, you're 326 00:15:59,360 --> 00:16:01,520 actually right curve but you that means you can pick up on 327 00:16:01,520 --> 00:16:03,000 the left curve stuff. And what I've actually seen this 328 00:16:03,000 --> 00:16:06,600 cycle is that a bunch of third cyclers, they've just kind of 329 00:16:06,600 --> 00:16:08,480 thrown in the towel already or they haven't been as foolish as 330 00:16:08,480 --> 00:16:09,240 they thought they were going to be. 331 00:16:09,240 --> 00:16:13,520 So yeah, that was my take. I'm focused on people who are in 332 00:16:13,520 --> 00:16:17,320 the trenches every single day. There are still like my favorite 333 00:16:17,320 --> 00:16:20,360 follow of like the biggest accounts is a guy called high 334 00:16:20,360 --> 00:16:24,160 stakes Capital who is locked. I don't know if everyone can see 335 00:16:24,160 --> 00:16:27,760 him. This guy swings it, man. 336 00:16:28,040 --> 00:16:32,120 He swings it 100 million a time. His peanut, his high Stakes 337 00:16:32,120 --> 00:16:34,200 capital is his name. I think he's based in Dubai. 338 00:16:34,960 --> 00:16:42,520 And this this sky is a proper he he, yeah he's probably thinking 339 00:16:42,520 --> 00:16:44,600 he's been around multiple cycles but he's still swinging it 340 00:16:44,600 --> 00:16:47,440 around a lot of the other people that's they're just like oh you 341 00:16:47,440 --> 00:16:49,640 know I I'm just not really paying attention to what's going 342 00:16:49,640 --> 00:16:52,960 on every single day and and they're very easily they don't 343 00:16:52,960 --> 00:16:55,880 need to chase the market. They don't that they may be 344 00:16:56,000 --> 00:16:58,320 happily spot in like ETH or something like that and like 345 00:16:58,480 --> 00:17:00,840 they're still waiting on that to be like a 2X and that's still 346 00:17:00,840 --> 00:17:04,000 great for them because they're probably up like mid 7 or or 347 00:17:04,000 --> 00:17:06,640 even mid 8 figures and they can just sit there and be like 348 00:17:06,640 --> 00:17:08,119 right. For 2X it's fine for me, you 349 00:17:08,119 --> 00:17:11,359 know. And they kind of fade a lot of 350 00:17:11,359 --> 00:17:12,960 this stuff. So yeah, I just, that was my 351 00:17:12,960 --> 00:17:15,640 tweet. Just don't pay attention if some 352 00:17:15,640 --> 00:17:17,440 old guard says, oh you know be cautious. 353 00:17:17,440 --> 00:17:20,280 Like I haven't been trying paying attention to them for for 354 00:17:20,280 --> 00:17:22,040 years. Dude, I mean, I think being 355 00:17:22,040 --> 00:17:24,640 cautious is fine. Like over often we'll have this 356 00:17:24,640 --> 00:17:26,680 period where he'll like tell people to be cautious. 357 00:17:26,680 --> 00:17:29,040 But there's some there's being cautious and just straight up 358 00:17:29,040 --> 00:17:31,800 saying this cycle has stopped with like happening. 359 00:17:32,520 --> 00:17:34,560 Like he's Toby, no OB is and it's on. 360 00:17:34,560 --> 00:17:36,880 He's on entrenches from OSF dot soul and OSF dot ET. 361 00:17:36,880 --> 00:17:38,160 It doesn't get more in the trenches than that. 362 00:17:38,320 --> 00:17:40,400 Like he's top holder's like every favorite your favorite 363 00:17:40,400 --> 00:17:42,520 chick coins, right. So like in in openly speaking as 364 00:17:42,520 --> 00:17:45,560 well. And his P&L is massive openly. 365 00:17:45,840 --> 00:17:47,600 But it's like it's a lot of the people. 366 00:17:47,600 --> 00:17:49,960 Like for me, what's hilarious is like when you have like these 367 00:17:49,960 --> 00:17:52,440 people like half a million followers that grew an audience 368 00:17:52,440 --> 00:17:55,320 giving their opinion that are now complaining that people are 369 00:17:55,320 --> 00:17:57,040 giving their opinion of their opinion, right. 370 00:17:57,040 --> 00:17:59,040 They're like, Oh no, like I'm getting attacked for like saying 371 00:17:59,040 --> 00:17:59,960 this. Of course you're getting 372 00:17:59,960 --> 00:18:02,120 attacked because you're actually like being a Dick on the 373 00:18:02,120 --> 00:18:03,640 timeline. Like it's like they're being 374 00:18:03,640 --> 00:18:05,840 like kind of arrogant and cocky the way like it's almost they 375 00:18:05,840 --> 00:18:08,520 talk to us like, I don't know, Tyler, how you seen this, like 376 00:18:08,520 --> 00:18:09,960 you. Don't you sometimes feel like 377 00:18:09,960 --> 00:18:14,560 talked down upon in that sense? I hate it like they're they're 378 00:18:14,560 --> 00:18:17,960 dismissing all the fun new stuff that that that the boys in the 379 00:18:17,960 --> 00:18:21,680 trenches are having fun and and are running it up and like they 380 00:18:21,680 --> 00:18:24,280 all just missed it and and they're they're jealous or 381 00:18:24,280 --> 00:18:26,520 they're coping or they're just calling it stupid. 382 00:18:26,880 --> 00:18:29,640 And I think the other problem is like even like the bear posting 383 00:18:29,640 --> 00:18:32,120 the even if it is just like shit posting and they don't really 384 00:18:32,120 --> 00:18:33,720 mean it. There's a lot of people out 385 00:18:33,720 --> 00:18:36,360 there who don't understand that and like they think it is true 386 00:18:36,360 --> 00:18:37,960 bear posting. Then maybe they are making 387 00:18:37,960 --> 00:18:40,920 decisions because they trusted these people at one point in 388 00:18:40,920 --> 00:18:42,640 time that I think that's where it gets really frustrating. 389 00:18:43,160 --> 00:18:45,040 Yeah, it does actually. I have to say, like, I'm really 390 00:18:45,040 --> 00:18:48,080 enjoying this whole like as much as people want to throw like, 391 00:18:48,800 --> 00:18:50,560 you know, rocks at him, you know, on some being like this 392 00:18:50,560 --> 00:18:52,600 cycle's like main character. So obviously it's ups and downs 393 00:18:52,600 --> 00:18:54,600 and like probably people's sentiment of him, which is, I 394 00:18:54,600 --> 00:18:57,360 get it, like it's normal, but but like, I gotta love how he's 395 00:18:57,360 --> 00:18:59,520 sticking up to it, even to his own friends, right? 396 00:18:59,520 --> 00:19:00,760 Like, you'd assume like they're homies. 397 00:19:00,760 --> 00:19:02,520 Like, they're like, yo, no, like we're gonna run it. 398 00:19:02,520 --> 00:19:04,920 Like we're gonna run the Super cycle, we're gonna gonna recycle 399 00:19:04,920 --> 00:19:06,200 this way. And yeah, you know what? 400 00:19:06,200 --> 00:19:09,320 Like be careful, cause at some point the music is gonna stop 401 00:19:09,360 --> 00:19:11,240 and the chairs, you're gonna probably miss the chair on your 402 00:19:11,240 --> 00:19:14,360 way down trying to sit. But so obviously, like take some 403 00:19:14,360 --> 00:19:17,200 profits on the way up and stuff. But, you know, there's, there's, 404 00:19:17,200 --> 00:19:18,520 there's something to be said about Mendel. 405 00:19:19,760 --> 00:19:21,240 Oh, he's deep. And that's the thing, like, a 406 00:19:21,240 --> 00:19:22,640 lot of these people are not in trenches anymore. 407 00:19:22,640 --> 00:19:24,640 And it's easy to. I wrote about this this morning 408 00:19:24,640 --> 00:19:27,080 because you had me on going, like, but Amanda had me writing 409 00:19:27,080 --> 00:19:29,600 a fucking poem, dude. But it's just like, it's just 410 00:19:29,600 --> 00:19:31,920 like they're sitting on the Japanese toilet seats that's 411 00:19:31,920 --> 00:19:34,440 warming their butt while they're like, you know, taking a dump. 412 00:19:34,760 --> 00:19:38,440 And like they're chilling and and they're not actually in it. 413 00:19:38,440 --> 00:19:40,040 Right. And so it's easy to have major 414 00:19:40,040 --> 00:19:42,280 millions and get off the trenches and then look back and 415 00:19:42,280 --> 00:19:45,280 see a bunch of like, R words like just like trading 416 00:19:45,280 --> 00:19:46,320 vaporware. It's true. 417 00:19:46,360 --> 00:19:48,480 Like if you take a look back into the market right now, we 418 00:19:48,480 --> 00:19:51,160 are just trading a bunch of vaporware facts. 419 00:19:51,720 --> 00:19:54,200 But wait, altcoins from previous cycle were not vaporware either 420 00:19:54,320 --> 00:19:56,040 because I haven't seen much product coming out of their. 421 00:19:56,040 --> 00:19:58,360 Those altcoins that have raised billions of dollars. 422 00:19:58,360 --> 00:20:01,200 I don't know about you guys, like there's maybe five of them, 423 00:20:01,680 --> 00:20:04,960 but they were all like cedar investors in those and they're 424 00:20:04,960 --> 00:20:06,680 all trading those and I was charged for those. 425 00:20:06,840 --> 00:20:09,960 So for me like. I prefer owning that epic or, 426 00:20:09,960 --> 00:20:11,560 you know, I shout out to the Michi boys and girls. 427 00:20:11,600 --> 00:20:13,320 I still don't have some, yeah, 350 mil. 428 00:20:13,320 --> 00:20:15,400 My reply guest is on the 10 mil. I love you guys. 429 00:20:15,520 --> 00:20:18,200 So I'm gonna, like, push them whether I ever buy the token or 430 00:20:18,200 --> 00:20:20,320 not, 'cause I love them. But like, I'd rather have that, 431 00:20:21,280 --> 00:20:24,360 like and even I'd rather fucking buy a Michi at 200 mil than some 432 00:20:24,360 --> 00:20:26,320 like protocol that raise billions of dollars that's 433 00:20:26,320 --> 00:20:28,920 building nothing. So I think, I think there's a 434 00:20:28,920 --> 00:20:31,400 massive, a massive shift here. It's a new paradigm and I think 435 00:20:31,400 --> 00:20:34,000 that you know the financialization of social also 436 00:20:34,000 --> 00:20:37,040 changes that through fantasy top friend tech warp cast all these 437 00:20:37,040 --> 00:20:39,880 things and and the tables have turned right and look tables 438 00:20:39,880 --> 00:20:41,320 have turned. The Americans are selling and 439 00:20:41,320 --> 00:20:43,280 the Europeans are buying. This is crazy. 440 00:20:43,680 --> 00:20:46,960 I've never seen this before but Tyler get your big dude. 441 00:20:47,720 --> 00:20:50,520 Tyler you're you're in Chicago. The CME. 442 00:20:50,760 --> 00:20:55,360 The CME is going to be listing spot Bitcoin ETFs on there and 443 00:20:55,360 --> 00:20:59,040 people are still selling. Other bullish news Senator 444 00:20:59,120 --> 00:21:04,360 Cynthia Loomis literally with laser on her timeline saying we 445 00:21:04,360 --> 00:21:07,000 are back with the Bitcoin. Did you see that Mando? 446 00:21:07,000 --> 00:21:09,080 Did you see that, Tyler? I thought that was so good. 447 00:21:09,840 --> 00:21:13,000 People were coping to me like I I was bull posting this the 448 00:21:13,000 --> 00:21:16,120 Cynthia Loomis thing and and everyone's calling topside and 449 00:21:16,120 --> 00:21:19,960 this is cringe like she just spearheaded like a major repeal 450 00:21:19,960 --> 00:21:24,240 of of this SEC anti crypto banking rule and she's 451 00:21:24,240 --> 00:21:26,720 celebrating like she should celebrate and and everyone's 452 00:21:26,720 --> 00:21:28,200 coping so hard they're just calling top. 453 00:21:28,200 --> 00:21:29,720 I got. I'm also sick of it. 454 00:21:29,920 --> 00:21:31,480 Let's play that. It's 2 minutes. 455 00:21:31,480 --> 00:21:34,920 So actually this may be not but basically the the US Senate. 456 00:21:35,640 --> 00:21:38,360 It's the Senate, right? Repealed a a rule right. 457 00:21:38,360 --> 00:21:40,080 You want to you want to kind of run me through that, Tyler, 458 00:21:40,080 --> 00:21:43,240 because you wrote a bipartisan super majority came together 459 00:21:43,240 --> 00:21:46,440 across Democrats and Republicans united against the SE CS blatant 460 00:21:46,440 --> 00:21:48,400 overreach. So what exactly went down here, 461 00:21:48,400 --> 00:21:50,280 Tyler? Yeah. 462 00:21:50,280 --> 00:21:54,040 So the the rule itself, the idea is it's going to make it much 463 00:21:54,040 --> 00:21:58,400 harder for banks will have to report the crypto holdings of 464 00:21:58,400 --> 00:22:00,560 their customers, it's going to make it harder for for self 465 00:22:00,560 --> 00:22:04,200 custody to happen. And there's there's a lot of 466 00:22:04,200 --> 00:22:05,960 impacts down the line. They're basically arguing this 467 00:22:05,960 --> 00:22:08,640 is a huge overreach of the SE CS power. 468 00:22:08,640 --> 00:22:12,640 I think why it's a big deal is the US government is just so 469 00:22:12,960 --> 00:22:16,400 partisan split and they were able to to come together across 470 00:22:17,400 --> 00:22:19,720 Dems and Republicans to make this happen. 471 00:22:19,880 --> 00:22:22,600 Why it's even more important for the upcoming election is 472 00:22:22,840 --> 00:22:26,400 everyone still expects Biden to veto this which means that the 473 00:22:26,400 --> 00:22:30,680 rule would stay in place. If he does that it the the 474 00:22:30,680 --> 00:22:34,280 press, it basically puts him in the position of being like the 475 00:22:34,280 --> 00:22:37,520 anti crypto candidate into this cycle. 476 00:22:37,880 --> 00:22:41,360 And then if he does, if he does not veto it then he's like 477 00:22:41,360 --> 00:22:44,280 implicitly agreeing with the SEC is is in the wrong here. 478 00:22:44,840 --> 00:22:48,160 So I mean, so that has its own impacts. 479 00:22:48,240 --> 00:22:51,160 And then if he does veto it, perhaps that's even bigger for, 480 00:22:51,160 --> 00:22:53,000 you know, the the Trump campaign. 481 00:22:53,000 --> 00:22:55,920 And I think they're going to run with it most likely ahead of 482 00:22:55,920 --> 00:22:58,360 November. Dude, you got like US senators 483 00:22:58,360 --> 00:23:00,640 now, like repealing laws from Gary Gensler and switching the 484 00:23:00,640 --> 00:23:03,160 PFP to laser eyes and you have some like bum fuck trader 485 00:23:03,160 --> 00:23:05,240 telling me it's a cycle top. Like this is like the most 486 00:23:05,240 --> 00:23:07,800 insane timeline of my life. Like we used to. 487 00:23:08,240 --> 00:23:10,560 We used to dream of times like this, you know, I mean like it's 488 00:23:10,600 --> 00:23:12,960 like we used to like say yo, when is the US government and 489 00:23:12,960 --> 00:23:15,400 we've been very critical. US, Canadian like governments in 490 00:23:15,400 --> 00:23:18,520 the West like UK, like that. I've vocally been against crypto 491 00:23:18,920 --> 00:23:20,640 and now you have senators on both sides. 492 00:23:20,640 --> 00:23:24,280 Tyler, your comment was perfect. Like Dems and Republicans 493 00:23:24,280 --> 00:23:27,520 saying, yo, this is enough. Like this is we're not cool with 494 00:23:27,520 --> 00:23:29,960 this, right. And so it's so and I think it's 495 00:23:29,960 --> 00:23:33,720 worth like yeah like we tend to be very bullish on on this 496 00:23:33,720 --> 00:23:36,320 programming at all times, but it's like we're not also like 497 00:23:36,320 --> 00:23:38,600 stupid, you know what I mean like we're bullish for a reason. 498 00:23:38,760 --> 00:23:42,160 So that was one of the things and then you have you had 499 00:23:42,160 --> 00:23:45,160 another thing which was BlackRock spot Bitcoin ETFs over 500 00:23:45,160 --> 00:23:49,200 400 holders it is mind boggling per per Bloomberg analyst. 501 00:23:49,480 --> 00:23:52,400 On top of that, you have Bitcoin ETF volumes hitting A7 week high 502 00:23:52,600 --> 00:23:56,120 as Bitcoin price near 67 K On top of that you have chain link 503 00:23:56,120 --> 00:23:58,520 that's up, you already talked about it, but up 20% after Wall 504 00:23:58,520 --> 00:24:02,520 Street pilot with JP Morgan, Benoit Mellon and the DTCC go 505 00:24:02,520 --> 00:24:07,120 through successfully, you have like a bunch of positive news on 506 00:24:07,120 --> 00:24:11,320 on on on Ethereum, sorry, on Solana as a blockchain, you're 507 00:24:11,320 --> 00:24:13,240 going to get positive news at some point about Ethereum 508 00:24:13,240 --> 00:24:15,760 automatic because we're going to get this damn ETF one way or 509 00:24:15,760 --> 00:24:19,200 another at some point in time. So there is a lot of positive 510 00:24:19,200 --> 00:24:20,760 things that are lining up for us. 511 00:24:21,120 --> 00:24:23,440 And look, we still haven't heard from like, the Coinbase case 512 00:24:23,440 --> 00:24:25,600 versus the SECI. Definitely think they're going 513 00:24:25,600 --> 00:24:28,160 to kick their butts. But that's also like a positive 514 00:24:28,160 --> 00:24:29,800 overhang in a way that's probably incoming. 515 00:24:31,280 --> 00:24:33,920 Hello FTX. People are being, I hate these 516 00:24:33,920 --> 00:24:35,240 balloons. People are being made whole. 517 00:24:35,240 --> 00:24:36,760 Like, there's going to be a lot of liquidity. 518 00:24:36,760 --> 00:24:39,160 Like, I know a lot of people waiting for their FTX money. 519 00:24:39,160 --> 00:24:40,680 What do you think they're going to do? 520 00:24:40,920 --> 00:24:43,120 Sitting in their rolling, their twiddling, their thumbs? 521 00:24:43,120 --> 00:24:46,960 They got wrecked, getting paid back at like 2022 prices on 522 00:24:46,960 --> 00:24:49,320 Seoul E Bitcoin. It's not right, Right. 523 00:24:49,320 --> 00:24:51,440 But what are they going to do? What are they going to do, Go 524 00:24:51,440 --> 00:24:52,760 buy a new car? No, they're not. 525 00:24:52,760 --> 00:24:54,400 They're going to keep rolling the dice. 526 00:24:54,560 --> 00:24:57,560 So that's just like do you have so many the same way you have 527 00:24:57,560 --> 00:25:00,040 like negative overhangs that we love to talk about like the CPI 528 00:25:00,040 --> 00:25:02,760 is the PPI. Just fuck this like there's a 529 00:25:02,760 --> 00:25:06,600 lot of positive overhangs. Anyways that's that's that's my 530 00:25:06,800 --> 00:25:09,840 that's my two cents to add on tip of what you and Mando are 531 00:25:09,840 --> 00:25:11,720 talking about Tyler, why don't you run us. 532 00:25:11,880 --> 00:25:14,280 I'm going to let our today's partner on the show too and 533 00:25:14,280 --> 00:25:15,720 we'll get to you guys in like 5-6 minutes. 534 00:25:15,720 --> 00:25:19,080 But like Tyler, why don't you run us through a few topics also 535 00:25:19,200 --> 00:25:22,280 like in the trenches right Pumped up fun maybe like expand 536 00:25:22,280 --> 00:25:24,240 on what Mando was saying. What exactly happened? 537 00:25:24,440 --> 00:25:27,080 Front tech clubs? Your tweet was very interesting 538 00:25:27,080 --> 00:25:29,800 And blast New Gold estimates like run us through what's 539 00:25:29,800 --> 00:25:33,160 happened in the trenches. Yeah, I think Manila described 540 00:25:33,160 --> 00:25:35,040 the pump, the fun situation pretty well. 541 00:25:35,040 --> 00:25:38,240 I think the the bigger impact that I saw is it it shined a 542 00:25:38,240 --> 00:25:41,280 light on what was happening with meme coins on Solana and the 543 00:25:41,280 --> 00:25:44,280 Pure Velocity that they're coming out on a daily basis. 544 00:25:44,280 --> 00:25:47,040 And I think a lot of people didn't realize that 20,000 new 545 00:25:47,040 --> 00:25:51,760 tokens per per day is what's getting pumped out right now and 546 00:25:51,760 --> 00:25:54,480 it's it's impacting the EVM chains as well. 547 00:25:54,480 --> 00:25:59,000 So I I I saw a post the the EVM super chain basically saw 548 00:25:59,000 --> 00:26:01,240 1,000,000 tokens in the last month. 549 00:26:01,440 --> 00:26:03,560 That's more than they saw in an 8 year time period. 550 00:26:03,560 --> 00:26:07,120 So the market's getting flooded. The the concern is like are we 551 00:26:07,120 --> 00:26:10,160 seeing a similar bubble like what happened within NTS back in 552 00:26:10,160 --> 00:26:13,360 2021 where NTS were the hot new thing and then we saw a huge 553 00:26:13,360 --> 00:26:15,400 influx of supply and then everything crashed. 554 00:26:15,400 --> 00:26:18,480 So that is some of the concern. We talked about that a little 555 00:26:18,480 --> 00:26:20,760 bit yesterday. I think still the idea is 556 00:26:20,760 --> 00:26:24,200 consolidating into winners, but it does feel harder and harder 557 00:26:24,200 --> 00:26:28,760 to to catch the new winners on on the micro cap end of the 558 00:26:28,760 --> 00:26:31,280 spectrum. So I mean that's why I'm 559 00:26:31,280 --> 00:26:34,000 watching there you you talked about the Pudgy news to kick off 560 00:26:34,000 --> 00:26:36,600 the show. I think that was certainly a day 561 00:26:36,600 --> 00:26:38,520 one probably not being talked about enough. 562 00:26:38,600 --> 00:26:42,160 Like like these are the big partnerships that that launch 563 00:26:42,560 --> 00:26:45,200 brands and and grow their user base. 564 00:26:45,760 --> 00:26:49,040 And I mean runway is going to be so important. 565 00:26:49,040 --> 00:26:52,040 You know with royalties turned off everything the pudgy's doing 566 00:26:52,040 --> 00:26:53,720 with the toys, with these partnerships they're setting 567 00:26:53,720 --> 00:26:56,080 themselves up for success. I don't know if that means their 568 00:26:56,080 --> 00:26:59,120 price is going to go up in like the next week or the next month, 569 00:26:59,120 --> 00:27:02,640 but you have to be more bullish on a longer term time horizon on 570 00:27:02,640 --> 00:27:04,440 the pudgy's and Lucas doing what he said he's going to do. 571 00:27:04,440 --> 00:27:05,920 He's, he's out. He's going to expand in Asia. 572 00:27:05,920 --> 00:27:08,480 He's doing it. Yeah, what's up? 573 00:27:08,920 --> 00:27:11,280 Mano, you've been to South Korea, haven't you, for a 574 00:27:11,640 --> 00:27:12,240 recently? Yeah, yeah. 575 00:27:12,320 --> 00:27:14,040 Well, last year and I'm going again in September. 576 00:27:15,040 --> 00:27:17,440 Right. So they own pretty much every 577 00:27:17,440 --> 00:27:20,320 single one of the major department stores in South 578 00:27:20,320 --> 00:27:21,360 Korea. They own. 579 00:27:22,280 --> 00:27:25,320 They also own like an equip like a like a a amusement park 580 00:27:25,320 --> 00:27:27,640 similar to like like it's called Lottie World. 581 00:27:27,920 --> 00:27:31,320 Like if you go to South Korea, if you go if you go to Seoul or 582 00:27:31,320 --> 00:27:34,720 you go to any of the major cities they just like run South 583 00:27:34,720 --> 00:27:36,520 Korea. Like this isn't like, I don't 584 00:27:36,520 --> 00:27:37,440 know what the equivalent would be. 585 00:27:37,440 --> 00:27:40,240 It'd be like the Walmart, Walmart meets Disney of South 586 00:27:40,240 --> 00:27:41,640 Korea. Like, this is, this is fucking 587 00:27:41,680 --> 00:27:44,640 huge there. So the fact that they've got a 588 00:27:44,640 --> 00:27:48,400 deal, yeah, I think that's. And particularly in a place 589 00:27:48,400 --> 00:27:51,280 which is like the number one owner of cryptocurrency in the 590 00:27:51,280 --> 00:27:56,120 whole world per capita just feels like that's such a massive 591 00:27:56,120 --> 00:27:58,400 win. Like I think a lot of people, 592 00:27:58,400 --> 00:28:00,720 because a lot of their holders are probably more Western, 593 00:28:00,920 --> 00:28:03,760 probably didn't pick up on that. But like that is a massive, 594 00:28:03,920 --> 00:28:05,560 massive deal that they've distinct. 595 00:28:06,240 --> 00:28:09,040 I'm super bullish on the brands in the space our building out 596 00:28:09,240 --> 00:28:13,840 east which is exactly why I spend half of my time out ease 597 00:28:13,840 --> 00:28:17,200 now like in terms of my time and attention for how we're building 598 00:28:17,200 --> 00:28:18,880 media. So I think, I think I think 599 00:28:18,880 --> 00:28:21,000 that's a really good, that's a good one, that's a big one. 600 00:28:21,000 --> 00:28:22,600 I wouldn't sleep on that. Of course. 601 00:28:22,600 --> 00:28:25,080 It seems Tyler though that that doesn't directly reflect anymore 602 00:28:25,080 --> 00:28:27,640 on the NFT prices right? Like you could tell why the NFT 603 00:28:27,840 --> 00:28:31,040 side is lagging because if you compare this and obviously this 604 00:28:31,040 --> 00:28:33,400 is a comparison that I hate making but like to the 2021 bake 605 00:28:33,400 --> 00:28:35,720 cycle board apes like would pump on like something like this 606 00:28:35,720 --> 00:28:39,880 would like set a floor price for an NFT to like 50 ETH like like 607 00:28:40,560 --> 00:28:46,400 1,000,000 toys sold GameStop target Walmart twice they 608 00:28:46,400 --> 00:28:50,600 renewed to 4000 stores latte group amusement parks like right 609 00:28:50,600 --> 00:28:53,680 So what what do you you are we going to get that run again on 610 00:28:53,680 --> 00:28:56,400 the NFT side or what. Not yet. 611 00:28:56,520 --> 00:28:59,240 I think the opportunity cost is still too big and that's why 612 00:28:59,240 --> 00:29:02,080 folks aren't buying the expensive NFTS in in Jpeg's 613 00:29:02,080 --> 00:29:03,920 right now. Like honestly like if you've got 614 00:29:03,920 --> 00:29:08,640 12 ETH or or 15 ETH, are you going to buy a a pudgy or board 615 00:29:08,640 --> 00:29:11,840 ape or are you going to go farm it somewhat risk free on blast 616 00:29:11,840 --> 00:29:14,240 with six weeks to go ahead of that AirDrop. 617 00:29:14,280 --> 00:29:16,320 I think most people are are choosing the farming route right 618 00:29:16,320 --> 00:29:18,920 now. Now like we are set up for that 619 00:29:18,920 --> 00:29:20,840 to change. You know once blast actually 620 00:29:20,840 --> 00:29:22,960 does come out with the AirDrop we'll learn what the new 621 00:29:22,960 --> 00:29:26,120 incentives are. I mean, that is the most likely 622 00:29:26,120 --> 00:29:29,440 near term catalyst for NFTS to to come back. 623 00:29:29,520 --> 00:29:32,360 And if you're looking at the the top candidates, I mean, pudgies 624 00:29:32,360 --> 00:29:34,440 seem like one of the safest bets on the board, right? 625 00:29:34,440 --> 00:29:36,240 I mean, it's probably like pudgy azuki. 626 00:29:36,480 --> 00:29:39,320 I mean, board apes, of course punks are. 627 00:29:39,360 --> 00:29:41,760 I mean punks are punks. They're 48. 628 00:29:41,760 --> 00:29:43,520 They're expensive. Yeah. 629 00:29:43,640 --> 00:29:46,440 So pudgies are my are still my my best bet probably. 630 00:29:47,480 --> 00:29:49,400 Yeah, that that makes a lot of sense. 631 00:29:50,040 --> 00:29:52,880 You see that stat from NFT Stats, Sam today? 632 00:29:53,440 --> 00:29:58,720 That which one the market price of Pepe is now bigger than the 633 00:29:58,720 --> 00:30:02,200 top 25 NFT projects combined. Whoa. 634 00:30:03,400 --> 00:30:08,040 Pepe is now worth more than the top 25 NFT projects market value 635 00:30:08,040 --> 00:30:11,680 combined. Now compare that a year ago Pepe 636 00:30:11,680 --> 00:30:14,600 was trading at $300 million market cap, maybe even less at 637 00:30:14,600 --> 00:30:16,640 one stage. Crazy Don't. 638 00:30:17,200 --> 00:30:19,800 Remind me, I'm a sick, that is wild. 639 00:30:20,080 --> 00:30:23,400 I mean, the market has changed. Speaking of blast, Tyler, where 640 00:30:23,400 --> 00:30:24,840 where, where? What's the latest? 641 00:30:24,840 --> 00:30:25,960 What? How much is our gold worth? 642 00:30:26,080 --> 00:30:27,160 Is it? Is it worth anything? 643 00:30:28,800 --> 00:30:32,280 The the gold's worth 6 bucks according to Sam, but the the 644 00:30:32,280 --> 00:30:35,800 big change this morning is that they So if you go to the blast 645 00:30:35,800 --> 00:30:38,440 site you can see how much points are worth compared to gold. 646 00:30:38,640 --> 00:30:41,960 As of yesterday it was 36,000 to one points to gold. 647 00:30:42,160 --> 00:30:47,720 Now it's 107,000 to 1 and so effectively anyone who had large 648 00:30:47,840 --> 00:30:52,440 blast point bounces into now they got to value and people are 649 00:30:52,440 --> 00:30:54,520 arguing the semantics with me and my replies. 650 00:30:54,960 --> 00:30:56,760 I'm not buying, they are devalued. 651 00:30:56,760 --> 00:30:58,880 You are. You are forced to continue 652 00:30:59,480 --> 00:31:03,440 farming this game to to continue not being like over diluted on 653 00:31:03,440 --> 00:31:06,240 those points. And I think the other impact is 654 00:31:06,280 --> 00:31:10,200 it, it remains a signal like they they want people using the 655 00:31:10,200 --> 00:31:11,880 daps, they want people holding the tokens. 656 00:31:11,880 --> 00:31:13,640 That's that's how you get the gold. 657 00:31:14,480 --> 00:31:16,960 I think that trend is absolutely going to continue into TG and 658 00:31:16,960 --> 00:31:19,840 probably post AirDrop. And the other thing that I'm 659 00:31:19,840 --> 00:31:22,680 watching this is perhaps more exciting on the token front, we 660 00:31:22,680 --> 00:31:25,880 saw our first big presale 1st meme coin presale happened on 661 00:31:25,880 --> 00:31:29,680 blast this morning. It's this token called Pew Pew. 662 00:31:30,000 --> 00:31:32,120 It got oversubscribed by like 200%. 663 00:31:32,200 --> 00:31:33,520 They they actually have a website. 664 00:31:33,600 --> 00:31:36,960 The meme is is half funny. There's a gambling aspect to it. 665 00:31:36,960 --> 00:31:39,080 There's some kind of like a a slot pool. 666 00:31:39,640 --> 00:31:42,560 Folks have been looking for a token to rally around in the 667 00:31:42,560 --> 00:31:44,600 blast ecosystem. There has been nothing other 668 00:31:44,600 --> 00:31:47,920 than Pac-Man and people are are chasing like Baha these other 669 00:31:47,920 --> 00:31:49,920 things. We've got farmers like EB7 670 00:31:49,920 --> 00:31:53,520 coming on and saying like we I'd rather chase tokens to hit 671 00:31:53,520 --> 00:31:56,160 jackpot than farm maps. So I think folks are going to 672 00:31:56,280 --> 00:31:57,960 flock to this. This is a potential winner out 673 00:31:57,960 --> 00:31:59,080 there. Yeah. 674 00:31:59,080 --> 00:32:01,280 This is going to be interesting. I mean we we've been waiting for 675 00:32:01,280 --> 00:32:03,000 a token on blast right. We kind of talked about it the 676 00:32:03,000 --> 00:32:07,320 other day how like perhaps it's after the after after the gold 677 00:32:07,400 --> 00:32:09,880 like TG and stuff that you can see much more token ecosystem. 678 00:32:09,880 --> 00:32:11,600 But even then we'll see. I mean they're they're probably 679 00:32:11,600 --> 00:32:14,080 going to they're probably going to find a way to do that. 680 00:32:15,120 --> 00:32:17,320 I I love it being Friday. I mean we're going to get our 681 00:32:17,320 --> 00:32:19,160 Shabbat candles. You know, you know how it is 682 00:32:19,160 --> 00:32:21,320 over here bro. You know you know how it is over 683 00:32:21,320 --> 00:32:23,680 here weeks on Friday. Anyways, I think that's a really 684 00:32:23,680 --> 00:32:25,280 good roundup Mark and everything. 685 00:32:25,280 --> 00:32:26,880 Just a reminder. So I'm going to get a sending in 686 00:32:26,880 --> 00:32:29,960 a minute here as they just joined us on audio and I'll 687 00:32:29,960 --> 00:32:32,720 share some stuff on the screen. But I finished making the robot 688 00:32:32,720 --> 00:32:35,840 loot box while the boys were talking and boy oh boy, boy oh 689 00:32:35,880 --> 00:32:38,440 boy I got a bunch of cool stuff in there. 690 00:32:38,440 --> 00:32:39,840 I'll show you all a chase of punks I had. 691 00:32:39,880 --> 00:32:42,720 It's a bunch of apes RLDS and red guys and milady. 692 00:32:42,720 --> 00:32:44,600 So remember retweet the Twitter spaces. 693 00:32:44,600 --> 00:32:46,000 Bottom right, there's the purple box. 694 00:32:46,400 --> 00:32:49,720 Retweet the space. Follow FOMO hour, FOMOHOUR. 695 00:32:49,880 --> 00:32:54,720 Follow robitcom, ROLLBITCOM. And you got to be on the Twitter 696 00:32:54,720 --> 00:32:56,160 space. So if you're on the video, make 697 00:32:56,160 --> 00:32:58,120 sure that you also come on audio to win. 698 00:32:58,280 --> 00:33:02,200 Two people are going to be selected for $5000 spends each 699 00:33:02,640 --> 00:33:04,160 each and you minimum you can win. 700 00:33:04,160 --> 00:33:06,840 It's like 2K. So that's not too bad if you ask 701 00:33:06,840 --> 00:33:08,440 me. And we've tightened the screws 702 00:33:08,440 --> 00:33:12,520 up on on who can get on to make sure that it's real people, no 703 00:33:12,520 --> 00:33:16,360 bots and that also you're you're in the spaces so yeah, so it's 704 00:33:16,360 --> 00:33:17,960 going to get very very interesting. 705 00:33:17,960 --> 00:33:18,440 But anyways.