Yo-yo, yo, what up? What up?
Good morning, good morning, Angie.
And Friday, Oh, it's Friday the 13th, Friday through 13/20/25.
Look at that. You have a beautiful day to have
a beautiful day. I got my post in the house.
Tyler Mando. Good morning, eventful day to
have an eventful day, I should say not so beautiful.
I should say I'm just used to my I'm a robot, but but a lot of
things going on in the world right now.
Tyler Mando, how you guys doing today?
How you hanging in there? Doing fantastic.
Yeah, it's so meet the room. Mando and then.
And then it happened. Yeah, definitely, definitely.
Tyler, how you doing? I'm doing OK, I'm hanging in
there. Our our joyful June has has
changed a little bit. I think joyful is no longer the
correct word to to describe the month.
No. Maybe we'll get back there, time
will tell. On a lighter note, I am excited
as I'm going to Indianapolis for game four with Pacers Oklahoma
City Thunder NBA Finals tonight so.
Wait, you're going? Yeah.
Well, I got a bet on you guys. Pacers up to 1.
It's a huge game so I'm excited to go down there.
If anyone's around in the area, hit me.
Up homies with the dad of the MVP guy Shay Shy.
Oh wow. Yeah, yeah, he's incredible.
Yeah, his dad's a homie. I met him at a crypto event.
Wow. He was sitting front row of my
talk in Toronto like couple years ago and with one of my
friends who I guess he works with and helps him.
And he was like, yeah, my son's like going to be MVP of the NBAI
don't follow basketball. And two years later the kid, the
guy is making 100 mill a year. Fucking MVP.
We need to pitch him our bags for he's, he's in the contract
at 35,000,000 a year and that is only going to go up so.
I will let his father know that Shy should put his take his next
salary in fartcoin from the OKC, right?
He plays for Oklahoma, right? I know a little bit, a little
bit of NBA culture. Anyways, today on the show,
well, we're going to have to talk about the war, which
fucking blows because I have no will for that, nor do I really
want to talk about this shit because it's literally the only
thing we're talking about outside of the show.
But it has direct effect on the markets because you know
everybody's going to sell their fart coin.
When, when, when, when Israel strikes on Iran.
This will never not be fun. There was a tweet which is like
ETA performed for a week and they started World War 3.
I saw that tweet. I think it was Evan.
It's a it's a bummer, but you know, fart coin like guess this.
Of course, the day we get the fucking Coinbase listing spot
and perps Israel was like, Nope, we're going to we're going to
bomb the fuck out of Iran's leaders, you know, and nuclear
plant. So so, you know, trying to keep
it lighter on the show everyone, but obviously it's not funny and
it's not a good time. So obviously thoughts and
prayers for everybody affected, but may as well take it that
that way. So we're going to talk about
macro. We're going to our crypto, we're
going to try and go through Tyler's topics because there's
still stuff going on. There was some sharp link gaming
stuff going on this and that. So there's a lot of stuff to
talk about, therefore to discuss with you and then three winners.
So it is far coin Friday after all.
So we are going to pick three people to come on the show and
win some money, win some coin race as usual.
And then last but not least, this show is powered by wallet
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Trade without trade-offs. Anyways, Mando, let's get on
this talk about this market because there's a definitely a
lot to chat. Who is the man macro daddy of
the land? Can you dig it?
Yeah, not a great day for our bags, it feels like.
I think they've been rumblings of this flare up again in the
Middle East. Obviously this has been an
ongoing thing for a while now and Trump have been trying to
get a nuclear deal signed with Iran.
Remember the last major one was signed all the way back with
Obama. He'd given a 60 day deadline to
get that deal done and then on the 61st day, you've seen this.
So people, I think there was some assumption that nothing
ever happens with these sort of things and something's happened.
So they they did strike obviously a number of the
nuclear facilities or assets which help the nuclear
facilities as well as strikes against many of the senior
Iranian commanders. It seems as though this might
not be over or even close to over here.
There's indication from Israel, they're saying this could go on
for another two weeks. Obviously Iran says it will
respond and then Trump has said, you know, come back to the
negotiating table or it's going to get worse.
But it's we saw markets really react as always kind of poorly
to to war, at least in crypto, in in stocks, it's not been that
bad, if I'm honest. But in in crypto, we saw Bitcoin
go down to 102 K on the news. It's since bounced back to about
101 and 4 1/2 ETH went down to about 2400.
It's now back just above 2500. I don't know where Solana went,
but maybe around the 140 area. Yeah, that's exactly it.
It bounced at 1:40 on the dot. Yeah, and it's now 145, but
that's majors. A lot of altcoins as well got
the wind taken out of them. So big moves like 10 to 20% I
think. I think crypto maybe is acting
worse than macro here because generally it will be open on the
weekend and love crypto on these like a liquid weekends when when
Israel and Iran are going now that we've seen that before.
So I think we could this isn't kind of the end maybe of the
volatility in in crypto at least we'll see kind of how it shakes
out next week. Stocks are down about 1% on on S
the S&P 500, the NASDAQ is down about, yeah, also about 1%.
So really not a big move in stocks.
In some ways it's being taken. You know, it's a bit mixed for
U.S. stocks because obviously a lot of them are defence related.
And and you know, there is something to be said here about
the the actual effectiveness of the strike might actually lead
to a better scenario and let's say the medium term with with
with negotiations coming back. So like it's not inclusive kind
of what the end game is here, but it does seem as though
crypto continues to not react well to this sort of stuff.
What we did see is oil and gold move up pretty rapidly higher.
Gold hit an all time high. It's at 3400 odd right now.
And oil took a big move higher both on Brent and WTI.
We. This oil trap got gold chart is
crazy. Yeah.
So that tells you though that that you know Bitcoin will will
catch a bit too in my opinion. And I don't, I think although we
react badly to headlines in crypto generally, I do think the
headline that we probably just saw is probably the, the, the
biggest headline that you will see.
The other one, I mean, there are a number of other major nuclear
facilities in Iran that maybe they hit, but I don't think
you're going to see a bigger headline than the one we just
saw basically, apart from maybe a retaliatory strike.
But I don't even know if that would be with missiles that that
could be something else that could be more like a like a
terrorist related attack or a different sort of attack, let's
say. So I don't know if that would
cause like the same sort of response by the markets at
least. So yeah, obviously not a great
scenario just in terms of global peace, but it does feel as
though this has perhaps been coming for a little bit of time.
I don't think people thought it would actually ever get to this
level, but it has. And I don't necessarily think
this is just going to be like a down only period during this
during if this conflict, let's say continues before that has
been an OK day. Like PPI came in below
expectations that continued to be.
We had everything. Yeah, slightly better commentary
around some of the some of the trade deals being done.
Although there was a talk about the China tariffs may be
returning slightly, which is a little bit confusing.
You saw a number of different treasury companies again
spinning up and saying they were going to buy crypto.
I think you have one which is going to buy 5 billion of
Solana. We had some for hyper liquid, we
had some for ETH, we had some for Bitcoin.
Like, you know, that's the that's it was all looking pretty
rosy. But this, this the crypto just
does not like wool. It feels like this is multiple,
multiple times. We've seen even more regional
conflicts seem to lead to quite a big reaction on on crypto.
Yep, that is a good rundown here.
I mean, you know, E becomes consensus rate for one week and
we go to war, so. It's not allowed to app, not
allowed to app for. It's not.
It's so frustrating. I'm sure a lot of people tell
about me. It is a tough token to long I
think. I don't really want to comment
on the comic itself. I just want to be zoomed in from
a from a trading perspective. I think a couple of takeaways
that I had. One, I think it's somewhat
notable that Bitcoin sold off more during the Trump Elon fight
last week. We touched 100,500.
I think the bottom I saw yesterday was 1026.
So perhaps a sign that the dips are becoming more shallow.
But with that being said, I'm not holding my breath that that
we're out of the woods on this just yet, especially if if we
see action headed into a liquid weekend like Mando said.
So it doesn't necessarily feel like a time to me to be like
rushing back into positions or turning up the the the leopard,
the leopard down just yet. Yeah, that's, it's definitely,
yeah, it's definitely a lot going on right now.
And all we can do is just wait it out and see what happens this
weekend. But this is probably not going
to. So like this is an ongoing.
Like we were laughing when I said nothing ever happens.
Like something did happen this time.
So it's good for everybody not to just maybe don't leverage
trade and get chopped up, up and down because there's going to be
wild volatility probably this weekend again and there's an
ongoing war. I mean, I, I, I turn my
notifications on for these, like these pages that gives you
updates on like all the strikes. I woke up to like 500
notifications. Yeah, yesterday.
You know the OSINT defender pages and all those ones.
Yeah, I I follow that one as well.
Yeah, that one like these ones like it posts like every minute
though they like. It's this one.
It's it's specifically this one. So I was just saying for people
who are curious to this one specifically seems to be giving
unbiased like updates. I don't read the opinions that
they have because I don't give a shit about their opinion.
But it's just like give you updates on oh, now this this
area or now Iran said this, now Israel said that.
So they give you good like put like this, like several launches
from the northern Lebanon, like they give you a good update.
If this is the stuff that gives you anxiety, just don't follow
them. You know, it's not for
everybody, right? So just I don't want to give
that that the disclaimer out there.
But for me, I like to be aware of the shit that's going down.
I think this is where X shines, right?
And people love to bash on Twitter, but breaking global
news if you can find the objective sources, right?
I mean, I was with a friend last night who I got the notification
fast because I'm on my phone and I read these notifications
really quick and I was like, yo, this just happened when 50X for
Bitcoin, not me him and then made some money and then closed
it. You know, I mean it's like you,
you get you have that edge, I feel on X right, But I feel like
stocks know everything first, like stocks started kind of
dipping during the day. No man, no history like little.
Crypto knows first. That's what I've noticed.
Crypto knows way whenever there's a potential.
We get hammered the most, yeah. It definitely knows like when,
when you know, everything was looking rosy probably 2 days ago
even coming. Yeah, about two days ago, I'd
say, suddenly start turning and then you suddenly start seeing
these headlines about embassies being shot and like, oh, OK, it
is what it is. Yeah, it's it is definitely what
it is. Anyways, Tyler, let's see what
you got for us today. Yeah folks, crypto majors very
red this morning amidst this ongoing Israel, Iran conflict.
Bitcoin down 3 percent, 10448 now down 9% of the day 2509.
Salata down 10 percent 1:45 Interestingly, notably, the EE
TFs kept their inflow stream going another 120 a 112 million
in that inflow. I'm curious what will happen
here today. It was a huge day for Coinbase,
arguably that the biggest news of the day not related to
Israel, Iran, some major announcements at their product
day yesterday. So they've given green light to
perp futures in the US. They have this partnership with
Shopify to accept USDC payments on base at select Shopify
stores. I believe they teased and
integrated decks on the native Coinbase platform as well as
the, I feel like the flashiest news, the people really rallied
behind it was this Coinbase one card.
The new credit card was up to 4% back on purchases in Bitcoin
coming this fall. So some some major announcements
there. We'll dig into that in a minute.
This morning, Walmart and Amazon reports they're reportedly
exploring issuing their own stable coins.
So all the big players are looking at stables.
Mando alluded to this, but DFTV is the the Solana corporate
treasury company that announced a $5 billion equity line
continuing to buy sole, their sole corporate treasury along
with a new state of goal. This is kind of a catchy new
line. They want to maximize SPS sole
per share. I like that tagline and the
disclosure. We're in talks.
We're hoping to have DFTV on the show next week.
So we'd like to hear more from them first hand about their
plans. We also had this Tony G Co
Investment holdings. They became the first public
company to build a hype corporate treasury.
They bought 10,000 hype for $400,000 and then we got to talk
about it. Ethereum treasury firm Sharp
Link Gaming expat stock plunged 70% last night.
And it's the release of details of their investors and their
chosen lock up periods. I think we'll get into more of
the details for that as well. Going into token AirDrop and
protocol news wrecked big day for RECT.
We spent 30 minutes on RECT yesterday.
We don't need to spend as much time.
Today, but they. Took a position in the token,
they opened up a bridge to make RECT tradable on Solana and then
Jupe stakers are going to be eligible for this next limited
edition release of RECT drinks. So some big announcements there.
We had Hyper Liquid launched access to gold trading via
Tethers XAUTO token. So you can buy Spot gold on
Hyper Liquid now via that. There's a new info 5 launchpad
shout out fun. They rolled out a new 12 week
points program and then NMT lender NMT 5 introduced a new
advanced NMT lending aggregator platform dashboard, enabling a
new unified market view refi from other protocols and more.
Rounding this out, the AI board down about 10 percent, 919 point
1 billion that new virtuals launch Irish Iris.
It opened up at 100 million. I sold at 50 million this
morning. Meme coin leaders, not
surprisingly down anywhere from 6 to 20%.
SPX and parkour hit the hardest, but they had rallied the hardest
in the days leading up to yesterday.
In the NFTS couple headlines, Pudgy Penguins announced a new
partnership with Lufthansa. So Wednesday, yesterday is
Lufthansa. So they're continuing to pump
these out. And then the skull Lucy, new all
time high $360,000 in USDC terms over on Gandhi, 130 ETH total.
So new all time high in both ETH and USDC terms 3. 150 grand for
this call. It's a lot.
That's a lot of money. It's 3X the Punk 4.
But there's like. Six, you have them.
Right, Yeah. What are punks today?
How's our ratio doing this morning with the war?
Well, they're very. Important questions because.
ETH dropped 9%, so I think the four held in E terms still at
44. I I see.
OK. So we're still, we're still
betting Bitcoin? That's good.
We still got that 10% edge. That's all that matters.
Who's Daddy? Anyways, yeah, direct news is
cool. I was assuming that had to do
with yesterday's, you know, pump the acquisition from the Jupe
side and everything. So a lot of good stuff going
there now, Tradable and Solana. So there you go.
So now you can buy and sell your rec for $1.00 profit on Solana.
So it's it's even better. And then Tyler, what, what were
some of the big headlines you had the MasterCard, say, IMAX
and Coinbase and sharpening gaming.
Yeah, well, let's talk about Coinbase.
So it held the State of Crypto Summit in New York City and they
they did not disappoint. They unveiled A sweeping set of
product launches and new partnerships.
Think some of the highlights they're going to offer 24/7
crypto perps under CFTC oversight in the US and this is
the first major US exchange to to bring levered perp trading to
US users. That was a big one.
They're they're opening up crypto operating accounts for
businesses. They teased integrating the
decks on Coinbase that you could trade any of base's tokens
natively on Coinbase. They.
They opened up the these USDC payments with this partnership
with Shopify. So now merchants using Shopify
Payments will be able to accept USDC on base.
And then this Coinbase in partnership with Amex new credit
card offering up to 4% Bitcoin back.
Looked into the details a little bit.
It looks like to unlock the the highest tiers of returns.
So to get 4% back, there are thresholds of how many assets,
how much assets you have to hold on Coinbase.
So, so there are some incentives or rules to that to unlock those
tiers, but that's still a pretty splash return, especially for
folks who already do hold funds on Coinbase.
So some, some really big headlines to to be honest.
And I've I've certainly been critical of Coinbase on the
show, but they are they're, they're pushing forward.
Yeah, yeah. I mean I also good to know that
Amex has now entered the ring because they had it before if
I'm not mistaken. Oh yeah, a good point actually.
I hadn't really. I hadn't done.
It's been it's been on Visa was the biggest and 1st in the
MasterCard recently with moon pay but Amex joining is pretty
big in my opinion. I like the garden.
I signed up for the wait list. I'm.
Probably, yeah. It's flashy.
It's black, looks good. I saw a tweet.
I I got to find it for you guys. It's really, really out of
pocket. Oh, yeah.
Can I read it on the show? Even Amanda?
You're going to love that one, dude.
It's Friday, I need some lighter.
Lighter, yes. So I was at a really nice love
party in Manhattan. Pulled out my Coinbase Premium
Amex car with 4% BTC back to cut up some lines.
The next thing you know, next thing I know, I'm in a basement
for four days tied to a wheelchair getting my balls
electrocuted. This guy, I it's, it's but every
just just for every big news, there's always this one tweet
that's so funny. I thought that was so out of
pocket. But yeah, it's a great card.
I love it. I think.
Is it only for USA? I don't I don't know the answer
to that, so I have to look into the fine print. 4% Bitcoin back
like I spent a lot of money on my on my noses pay card like 4%
back is significant, especially with Bitcoin going higher like
there's an internal tee wap on Bitcoin so.
I think we're all tired of like the last generation of like
points credit cards and the points all got in points way.
It's like, let's just get hard cash.
Yeah, Crypto DJ and Ty confirmed points only.
Oh, before I go to the next news, the code today, the code
you go to rafflebot dot XYZ, the code is D Jans live and Sims is
the tweet up. It is oh, you already posted 20
minutes ago. So breaking news here.
So first of all, of course, is D Jans live DEGENZLIVE breaking
news before we get into the other news from Tyler is that we
will now be hosting the show on Kik under one big umbrella.
So FOMO hour Monday to Friday, 10:00 AM Eastern Standard Time,
underexposed, which is hosted by Tyler or very own Tyler, These
Jeeves and Pierce set on Tuesdays at noon Eastern
Standard Time and wrecked radio, which is always said by Mando
Rivero, Mando OSF and Keyboard Monkey.
And I'm hearing that there might be some additions there, which
is on Wednesdays at 12. Right.
And say the 12. Yeah.
Wendy's at 12. All of these shows will now be
all hosted and powered by Myriad Yeet and Wrecked.
So this is the three companies, three brands, and a bunch of
friends and cool creators. You know us 3 here, plus the
rest of the crew that I just named getting together on the
one big umbrella that is D Jans and that we're going to host our
shows on kik for the reason that, you know, we want to start
tapping into a different audience.
We believe that we've not maxed out the audience on X, but as
you know, the streaming is not great on here.
We try, but it's not the best and and so we are going to be
hosting on the one umbrella brand and since we have D Jans,
we figure we do it on there and so it'll be the same as usual,
but everything, you know, pushed on the accounts, etcetera.
So it's going to be a lot of fun.
We're all excited to do this with you guys.
Make sure you share the news and from Monday, right, if I'm not
mistaken, from this coming Monday, we're still going to be
running the Twitter Spaces as is because we believe that we still
do need to tap into spaces a bit, though.
It's a little bit annoying sometimes, but but you know, we
believe that on video, it's better to have everything live
in one place. So we're not going to be
streaming on YouTube anymore. We're not going to be streaming
on Twitter anymore. All the live action for all of
the shows I named for rec video underexposed and from our are
going to be on DJs and then we're going to repost the VO DS
on YouTube, on Twitter, etcetera and other platforms.
So we're we're going to find a good way to grow outside of our
little bubble. I don't know if Tyler reminded
you want to say anything about it, but that's the TLDR.
No, you've hit it. The return of D Jens.
I think they're using the same D Jens account, right?
Yeah, we. Did.
So I bet a bunch of you are already following it.
But yeah, I think all the video content on X is not the best.
And we just felt like this was a good way to do it.
So and all it's all going to be in one place.
I think it's those shows. But then who knows?
We can have a ton of different people.
I think you're going to kind of stream, I reckon through that
show as well. So it'll be a good one to
follow. That's what I'm excited about,
having the the three shows all in the same umbrella.
And then I think it's going to be easier for us to to like
think about how we expand from there.
Yeah, plus, like, you know, I think KBM sometimes wants to
threat will do his own thing. He's going to go into DJ's live
like maybe Tyler if sometimes you want to fuck around his
dream. So they like if I want to pull
up, like we're going to like if DJ's life is really going to be
like this, like really cool. Like Chris Orr stream of
creators and friends and brands getting together under one
umbrella. Everything's produced by rug
radio. So just for the rug radio
holders out there thinking, yo, what's going on here with the
rug radio? Nothing changes.
So we're producing the whole thing.
But we figured that having one brand and one place, one
location and putting all our efforts and our because we all
have a fuck ton of followers, right?
So efforts into one place. So we're going to be on
Instagram, Spotify, Kik, YouTube and X all D Jens Live and then
on X, though the FOMO Underexposed and Wrecker will
still exist as their own in visual brands and pages.
But those is going to be one place so that you can get your
alerts. So you can turn on notifications
for D Jens live on X if you want to be quick to getting the kick
links and as usual, yet is going to power all the giveaways.
So don't worry, we're still going to get some money.
You guys and actually 3 of you guys are going to win some money
today. If you have the Kik app on your
phone, it will notify you when we go live every time.
So you won't be, you won't ever miss it.
There you go, Kik Co, founded by an Iranian brother.
By the way, Bizan, you know, steakstate.com is, is there
anybody in the Iranian guy you know?
So shout the persons out there, you know.
Anyways, I had to show my my Persian people for a second.
Tyler, back to you. Yeah, let's get into a couple of
these corporate treasuries. Let's talk about this sharp link
thing. I want to talk about this sharp
link because it's a good, it's a big thing.
Also, we want to stop on the hour today and be on time, but
we have to talk about this. Mando, I might throw this to you
if you know some of the, the details.
So I I missed some of the, the specifics around this, the whole
pipe aspect and exactly what happened.
My my take away was that effectively they released this
investors list and the investors in sharp link basically signed
up to be able to sell their shares at the one month mark and
this information became public. Crypto Twitter runs crazy and
says all these people are all just going to dump as soon as
they can and the the S bet stock falls 70% after hours.
Is there more to it? Like what what?
What was your read on on how that all played out?
I think there was some confusion, but it is clear that
there was going to be, there was some registration for a resale
of equity as in like they were going to sell equity, but it
could come from existing holders and that wasn't the best look.
I don't think it'd be like if micro strategy bought a bunch of
Bitcoin and then everybody got into micro strategy before that
was announced, then said, well, it's not everyone.
But then Microsoft actually said, hey, actually we're going
to resell the people who already own the stock here.
This is, I think these sort of structures, to be clear, are
very common in many of the recent Bitcoin treasury
announcements, particularly the ones which are like this dead
company buying crypto generally how they get funded.
Just to be clear, like these companies don't just have like
50 million of cash in the balance sheet.
They get funded by these people who come in and say, hey, we'll
fund it. The make a public announcement
that you're going to do this and then in a month's time, I'm free
to, to sell my shares. That's how you can get in on
some of these these sort of things before they get
announced. That's, that's basically what's
been happening. So this is, this is actually
very common of what's going on right now.
So we may see this from a a broad range of the companies
announcing altcoin or Bitcoin strategies, but it's obviously
not a great look that this one in particular was tied to the
one of the Co founders of ETH. And I think it probably left a
bad taste in the mouth of like, why would you look to resell
this? If if the idea is to be the
micro strategy of of of ETH or something along those lines that
the real thing. We just need to sell new equity
and buy more reef, not we're going to we're going to do some
form of a resale. So I, I think that's what caused
the the bad reaction. I think it's probably overblown.
But yeah, it does feel like a little bit of a fumble, I have
to say. It does, but thinking about this
from a trade perspective, so now can.
You guys explain this like for the people who don't want me to
understand how this stuff works, but yeah, go for it, Tyler.
The market cap is now 659,000,000.
This morning we know they cleared their $425,000,000 E
buy. I don't know if we know the
average price, but but they now hold 425,000,000 in each.
They're trading at a 40% premium, maybe 50%.
At some point it it becomes interesting, especially if you
think they're going to, if they're going to go down a micro
strategy path and look to to build out their their treasury a
lot more. Though I do agree with manual
sentiment that why are they doing things this way.
Perhaps if there's if they do have these longer term plans.
The other caveat is just because the investors did sign up for
the one month doesn't necessarily mean they're all
going to sell. Perhaps it was for flexibility,
I don't know. I am curious if Uber or others
are going to come out and make some kind of announcement to to
clear some of this up. He did, he said.
He said that we're not we're not planning on selling.
And he said that no one, no one at the Ethereum Foundation.
Is Joe doesn't sell, by the way, like Joe Lubin just for the
people like because I know sometimes people think like, oh,
Ethereum Foundation, if these founders are dumping it on you
or whatever. Joe Lubin does not sell shit.
Just FYI. I'm just going to put it out
there because I really, really like this person and I know that
for a fact, but go ahead. But when you hear about these
sort of deals going around, there's people making money off
this. This is the exact deal that
they've been offered to be clear, Hey, give us some money
for a share sale where we're going to buy some crypto for
this dead company and you'll get to you know, there's a lock up,
but you'll get to sell your shares at X point in the future.
That is a that is a common trashy of a lot of these deals.
So I I think it's worth noting that this isn't the last time
we'll hear about it and it's definitely not uncommon for what
we've just seen from some of these strategies.
But I do think that it's just because it, it was pitch is this
micro strategy rather than a we're going to make a quick
buck. I think it basically backfired
on, on, on mainly on Joe, I think more than anything, right.
But maybe maybe there was some short sightedness in, in what
other like the investors they got in how the actual raise was
done, all this sort of stuff. Because although he might not
sell, like if they've raised 400 million from a bunch of people
who were told that you can sell it after a month and the stock
is up untold amounts, right? It's not like really pretty a
lot. Then they're going to sell.
Yeah, I mean, the market's not rebounding, right?
So it's not like it's totally overblown.
Fuck, it's still downstairs. Is this a buy here?
Like I don't buy stocks, but for people who do, like this thing
went to $140. Everybody's like, I wish I
bought at forty, $5070. Everybody wish I bought.
You're getting this thing $10 now.
Is this if this is a micro strategy of Ethereum led by
Consensus Chairman of the board Joe Newman?
Is this a buy here into? Should we ask strategy?
PTI. Don't know where the last, the
last share sale was done. Like I, I think someone said it
was like much, much lower than this, like less than $1.00, like
maybe even less than like $0.10. So everyone's still up, like so
much. It's difficult to know like
that. That's the thing to know.
Like, how much is everyone else up on this trade?
Yeah. Do you know?
All right, let's let's talk to ChatGPT, because ChatGPT tends
to know better than. Wiz posted about it yesterday,
and he's been. Posted yeah, it was like 1 penny
but but then Wiz came back on on Julie Bin's poetry and said what
a great way to answer to these people hire.
So I think we just. I'm very confused with reading
Wiz lately. I don't know where where the
share share was done, I didn't look to see the docs of it, but.
Well, ChatGPT, hold on, is it a buy?
Isn't it a buy? OK, I don't don't give me
technicals. I want to know if it is a buy
like we did with circle. If it is a buy, yes or no.
Oh damn. Well, that GPT says no.
The robot has spoken. Listen, I'm just asking
questions to the AI. When we did it for Circle, it
said buy in bold and we saw what happened.
So now it says that we'll see, you know, yeah, we got to use 10
viewers anyways. So yeah, good question, Tyler.
Like what happens to the rest of these companies and stuff?
We'll see. It seems like this was just a
normal thing, like in the filings that the like Julie was
spending. This is something you have to do
when you're trading dealing with securities.
I just think we're seeing this wave of like, oh, crypto, people
are going to start buying stocks now and there's the sector of
these corporate treasury companies that are publicly
traded and a lot of them have gone parabolic.
But I think it's just a good wake up call that that this
can't happen, especially if they're if the they're trading
at massive premiums to the whole needs.
That's what I want to know. That's the exact thing I'd want
to work out. Like what premium is it trading
to its holding and what level was the last share sale done it
once. That's how you can work out with
the barn. And I I I just haven't had the
time to look at the stock. But I, yeah, the annoying thing
is honestly, it's just that this was the first one and you you
really can set a marker by doing it right?
So I just think that this is a shot in the foot.
Like I you want to create momentum, you know, you want to
be like, OK, well then somebody else is going to do E treasury,
somebody else is going to do 1. And like, this is a really good
move. Now I don't know like because of
the price action, it kind of feels as though that may have
may have made that a little bit less likely.
Now I. Agree.
Yeah. All right.
Well. That's, but Mana, we got to
throw another corporate treasury onto your evaluation sheet and
that's DFTV. So we got to quickly talk about
this and this is a blockbuster headline and perhaps marketing
stunt and, and we'll be able to hear from the team next week.
So they entered an agreement, this is D5 Development Court,
DFTB to for a $5 billion equity line of credit and they're going
to use proceeds from the issuance and sale of their
common shares here to buy. We lost them.
A million and a billion is what they've signed up to to buy and
Seoul over time. Now they've got new access to
capital potentially to go up to 5 billion and they acknowledge
that this is to give them flexibility.
They're not going to do 1 clip into Seoul here.
They're saying they're going to do it gradually and and when it
aligns with their goals. So that I think they're going to
be deliberate and smart about it.
They also have been coining this tagline, which I liked.
You know, I'll just read this direct quote.
What we can say is that our goal is not to raise for the sake of
it. It's to raise only when it
compounds long term soul per share so that this soul per
share is their is their North star.
All right. So since establishing their
treasury, they've already amassed $100 million worth of
sole so far. So they've already they've
already built up 100 million quite a bit.
The company is trading at $26 right in their stock that's
387,000,000 market cap. So they're trading on at about
four X current holdings. But now we know they have access
to capital to get up to potentially up to 5 billion.
And I think you got to put an asterisk on it for right now,
right? Like is a, is a company that's
valued at 400 million truly going to be able to get access
to get 5 billion in the near term future?
I mean that that does feel like a stretch.
Who is giving them this line? That's what I didn't really
understand. Do we know like the big?
Details Arcade Capital. RK Capital is giving them a $5
billion. And RK is a DFTV partner and a
piping minister. OK.
I have no idea who that is. RK Capital has five billion, $5
billion. Like who are this?
Small loan of $5 billion. I mean, it's not absolutely
insane, but like it does feel like someone that you may have
would have heard of before. What's insane is the imbalance.
So I mean 55 billion if you look at FTV terms is the equivalent
of Sailor raising at 100 billion for Bitcoin.
Yeah. That's what I mean, it's, it's
very big versus the current market cap.
So but I guess an equity credit line, I think it's just a line
where you can draw equity at certain moments.
So maybe they just feel as though they won't necessarily
just automatically do it, but it's more like we'll be dip
buyers basically. Yeah, it's it's a pretty big bet
on sold by the investor as well. That's basically what I'm
saying. Like this company could just go
out there and buy Solana and it's decided to do this, which
is no doubt going to be a more liquid way of putting 5 billion
of Solana in the market. Maybe some hope for, for S bet
holders out there. I'm looking at the, the chart of
DFDV. It had previously peaked around
36, fell all the way to 14. So that's a 60% draw down and
spiked all the way back to 32 yesterday.
Now it's at 26. So they've been able to, they
had the big run up, big draw down and now I've been able to
recover from that with a, with a future announcement.
So perhaps the S Bet crew will be able to pull that off as
well. Aspect's best thing to do right
now is to announce exactly what they just did, just did some
form of we're going to buy more ETH, not we're going to sell
Chambers, right? They're going to do it for sure.
They're not stupid like they're they're going to get, yeah.
But I maybe they need you see have a difference in those two
people that were raised from it feels as though aspect probably
raised from a ton of people who said, hey, you're going to make
money in a month. And these guys DFI development
court have raised from what looks to be like a mid tier BC
firm who said here's a, here's a, here's a line of credit,
basically here's a line of equity credit.
I don't know what that necessarily means.
But yeah, it feels like they have a, it's a different sort of
buyer there. Much better.
Solana buyer is much better. But they're coming on next week,
right on the show. Trying to get them lined up.
Yep. Let's go.
I I need to talk to them. Are they interested in Fartcoin?
We'll be talking about that. Oh yeah, we're gonna be talking
about FAR, because out of $5 billion they could put like 100
million FAR coin and they'll make a lot of fucking money.