1 00:00:00,120 --> 00:00:01,960 Yo-yo, yo, what up? What up? 2 00:00:02,000 --> 00:00:04,160 Good morning, good morning, Angie. 3 00:00:05,600 --> 00:00:17,520 And Friday, Oh, it's Friday the 13th, Friday through 13/20/25. 4 00:00:17,520 --> 00:00:19,240 Look at that. You have a beautiful day to have 5 00:00:19,240 --> 00:00:21,520 a beautiful day. I got my post in the house. 6 00:00:22,040 --> 00:00:25,720 Tyler Mando. Good morning, eventful day to 7 00:00:25,720 --> 00:00:29,240 have an eventful day, I should say not so beautiful. 8 00:00:29,320 --> 00:00:33,440 I should say I'm just used to my I'm a robot, but but a lot of 9 00:00:33,440 --> 00:00:34,760 things going on in the world right now. 10 00:00:34,760 --> 00:00:36,040 Tyler Mando, how you guys doing today? 11 00:00:36,120 --> 00:00:39,640 How you hanging in there? Doing fantastic. 12 00:00:40,880 --> 00:00:44,200 Yeah, it's so meet the room. Mando and then. 13 00:00:44,520 --> 00:00:48,920 And then it happened. Yeah, definitely, definitely. 14 00:00:48,920 --> 00:00:51,640 Tyler, how you doing? I'm doing OK, I'm hanging in 15 00:00:51,640 --> 00:00:55,120 there. Our our joyful June has has 16 00:00:55,120 --> 00:00:57,280 changed a little bit. I think joyful is no longer the 17 00:00:57,280 --> 00:00:59,800 correct word to to describe the month. 18 00:01:00,200 --> 00:01:03,440 No. Maybe we'll get back there, time 19 00:01:03,440 --> 00:01:05,720 will tell. On a lighter note, I am excited 20 00:01:05,720 --> 00:01:08,400 as I'm going to Indianapolis for game four with Pacers Oklahoma 21 00:01:08,400 --> 00:01:10,800 City Thunder NBA Finals tonight so. 22 00:01:11,040 --> 00:01:12,480 Wait, you're going? Yeah. 23 00:01:13,200 --> 00:01:17,600 Well, I got a bet on you guys. Pacers up to 1. 24 00:01:18,120 --> 00:01:21,960 It's a huge game so I'm excited to go down there. 25 00:01:22,160 --> 00:01:24,080 If anyone's around in the area, hit me. 26 00:01:25,080 --> 00:01:28,840 Up homies with the dad of the MVP guy Shay Shy. 27 00:01:29,520 --> 00:01:31,800 Oh wow. Yeah, yeah, he's incredible. 28 00:01:32,520 --> 00:01:35,680 Yeah, his dad's a homie. I met him at a crypto event. 29 00:01:36,560 --> 00:01:37,880 Wow. He was sitting front row of my 30 00:01:37,880 --> 00:01:41,600 talk in Toronto like couple years ago and with one of my 31 00:01:41,600 --> 00:01:43,880 friends who I guess he works with and helps him. 32 00:01:44,360 --> 00:01:47,240 And he was like, yeah, my son's like going to be MVP of the NBAI 33 00:01:47,240 --> 00:01:52,160 don't follow basketball. And two years later the kid, the 34 00:01:52,160 --> 00:01:54,720 guy is making 100 mill a year. Fucking MVP. 35 00:01:56,920 --> 00:02:00,960 We need to pitch him our bags for he's, he's in the contract 36 00:02:00,960 --> 00:02:04,200 at 35,000,000 a year and that is only going to go up so. 37 00:02:05,120 --> 00:02:09,720 I will let his father know that Shy should put his take his next 38 00:02:09,720 --> 00:02:13,680 salary in fartcoin from the OKC, right? 39 00:02:14,040 --> 00:02:19,240 He plays for Oklahoma, right? I know a little bit, a little 40 00:02:19,240 --> 00:02:22,320 bit of NBA culture. Anyways, today on the show, 41 00:02:22,680 --> 00:02:25,760 well, we're going to have to talk about the war, which 42 00:02:25,760 --> 00:02:31,400 fucking blows because I have no will for that, nor do I really 43 00:02:31,400 --> 00:02:33,320 want to talk about this shit because it's literally the only 44 00:02:33,320 --> 00:02:35,520 thing we're talking about outside of the show. 45 00:02:35,520 --> 00:02:39,960 But it has direct effect on the markets because you know 46 00:02:40,960 --> 00:02:42,400 everybody's going to sell their fart coin. 47 00:02:42,400 --> 00:02:45,000 When, when, when, when Israel strikes on Iran. 48 00:02:47,000 --> 00:02:49,560 This will never not be fun. There was a tweet which is like 49 00:02:49,800 --> 00:02:52,400 ETA performed for a week and they started World War 3. 50 00:02:54,480 --> 00:02:55,920 I saw that tweet. I think it was Evan. 51 00:02:57,160 --> 00:03:00,760 It's a it's a bummer, but you know, fart coin like guess this. 52 00:03:00,840 --> 00:03:04,200 Of course, the day we get the fucking Coinbase listing spot 53 00:03:04,200 --> 00:03:09,120 and perps Israel was like, Nope, we're going to we're going to 54 00:03:09,120 --> 00:03:12,280 bomb the fuck out of Iran's leaders, you know, and nuclear 55 00:03:12,280 --> 00:03:14,400 plant. So so, you know, trying to keep 56 00:03:14,400 --> 00:03:16,760 it lighter on the show everyone, but obviously it's not funny and 57 00:03:16,760 --> 00:03:18,400 it's not a good time. So obviously thoughts and 58 00:03:18,400 --> 00:03:22,280 prayers for everybody affected, but may as well take it that 59 00:03:22,360 --> 00:03:24,600 that way. So we're going to talk about 60 00:03:24,600 --> 00:03:26,160 macro. We're going to our crypto, we're 61 00:03:26,160 --> 00:03:28,240 going to try and go through Tyler's topics because there's 62 00:03:28,240 --> 00:03:31,120 still stuff going on. There was some sharp link gaming 63 00:03:31,120 --> 00:03:33,200 stuff going on this and that. So there's a lot of stuff to 64 00:03:33,200 --> 00:03:37,960 talk about, therefore to discuss with you and then three winners. 65 00:03:37,960 --> 00:03:39,440 So it is far coin Friday after all. 66 00:03:39,440 --> 00:03:42,560 So we are going to pick three people to come on the show and 67 00:03:42,560 --> 00:03:45,520 win some money, win some coin race as usual. 68 00:03:45,520 --> 00:03:48,160 And then last but not least, this show is powered by wallet 69 00:03:48,160 --> 00:03:49,960 connect. Well, connect is a connectivity 70 00:03:49,960 --> 00:03:51,720 network shaping the future of on chain UX. 71 00:03:51,760 --> 00:03:54,120 If you've connected to Web 3 app, you've seen wallet connect 72 00:03:54,120 --> 00:03:56,840 that blue logo, it's everywhere. And I couldn't trust in crypto 73 00:03:56,920 --> 00:03:59,040 as recognizable as Visa a checkout. 74 00:03:59,200 --> 00:04:02,120 Want to learn more? Follow wallet connect on X and 75 00:04:02,120 --> 00:04:04,680 Telegram to stay ahead of what's next. 76 00:04:04,680 --> 00:04:09,120 But also as of this week, we are also sponsored by Crack and Pro 77 00:04:09,400 --> 00:04:12,240 Crack and Pro gives active users exactly what they need. 78 00:04:12,360 --> 00:04:14,080 You get full control over your layout. 79 00:04:14,080 --> 00:04:16,640 Drag and drop any mojo customizes it all. 80 00:04:16,640 --> 00:04:20,120 It's clean, it's smooth and built for real traders. 81 00:04:20,160 --> 00:04:25,840 If you trade crypto, check out pro.crackit.com. 82 00:04:26,000 --> 00:04:30,800 Trade without trade-offs. Anyways, Mando, let's get on 83 00:04:30,800 --> 00:04:34,000 this talk about this market because there's a definitely a 84 00:04:34,000 --> 00:04:42,360 lot to chat. Who is the man macro daddy of 85 00:04:42,440 --> 00:04:47,080 the land? Can you dig it? 86 00:04:48,720 --> 00:04:51,440 Yeah, not a great day for our bags, it feels like. 87 00:04:51,680 --> 00:04:56,800 I think they've been rumblings of this flare up again in the 88 00:04:56,800 --> 00:04:58,000 Middle East. Obviously this has been an 89 00:04:58,000 --> 00:05:05,840 ongoing thing for a while now and Trump have been trying to 90 00:05:05,840 --> 00:05:10,200 get a nuclear deal signed with Iran. 91 00:05:10,200 --> 00:05:12,680 Remember the last major one was signed all the way back with 92 00:05:12,680 --> 00:05:17,680 Obama. He'd given a 60 day deadline to 93 00:05:17,680 --> 00:05:20,760 get that deal done and then on the 61st day, you've seen this. 94 00:05:20,760 --> 00:05:24,760 So people, I think there was some assumption that nothing 95 00:05:24,760 --> 00:05:29,000 ever happens with these sort of things and something's happened. 96 00:05:29,000 --> 00:05:31,880 So they they did strike obviously a number of the 97 00:05:31,880 --> 00:05:35,560 nuclear facilities or assets which help the nuclear 98 00:05:35,560 --> 00:05:40,600 facilities as well as strikes against many of the senior 99 00:05:40,600 --> 00:05:43,520 Iranian commanders. It seems as though this might 100 00:05:43,520 --> 00:05:46,840 not be over or even close to over here. 101 00:05:47,440 --> 00:05:50,720 There's indication from Israel, they're saying this could go on 102 00:05:50,720 --> 00:05:53,240 for another two weeks. Obviously Iran says it will 103 00:05:53,240 --> 00:05:56,240 respond and then Trump has said, you know, come back to the 104 00:05:56,240 --> 00:05:58,080 negotiating table or it's going to get worse. 105 00:05:59,560 --> 00:06:04,280 But it's we saw markets really react as always kind of poorly 106 00:06:04,280 --> 00:06:08,360 to to war, at least in crypto, in in stocks, it's not been that 107 00:06:08,360 --> 00:06:14,040 bad, if I'm honest. But in in crypto, we saw Bitcoin 108 00:06:14,040 --> 00:06:18,600 go down to 102 K on the news. It's since bounced back to about 109 00:06:18,600 --> 00:06:22,440 101 and 4 1/2 ETH went down to about 2400. 110 00:06:22,440 --> 00:06:27,000 It's now back just above 2500. I don't know where Solana went, 111 00:06:27,240 --> 00:06:31,600 but maybe around the 140 area. Yeah, that's exactly it. 112 00:06:31,640 --> 00:06:35,960 It bounced at 1:40 on the dot. Yeah, and it's now 145, but 113 00:06:36,400 --> 00:06:39,240 that's majors. A lot of altcoins as well got 114 00:06:39,240 --> 00:06:43,760 the wind taken out of them. So big moves like 10 to 20% I 115 00:06:43,760 --> 00:06:47,800 think. I think crypto maybe is acting 116 00:06:47,920 --> 00:06:51,480 worse than macro here because generally it will be open on the 117 00:06:51,480 --> 00:06:59,560 weekend and love crypto on these like a liquid weekends when when 118 00:07:00,200 --> 00:07:02,320 Israel and Iran are going now that we've seen that before. 119 00:07:02,320 --> 00:07:06,200 So I think we could this isn't kind of the end maybe of the 120 00:07:06,200 --> 00:07:10,320 volatility in in crypto at least we'll see kind of how it shakes 121 00:07:10,320 --> 00:07:16,480 out next week. Stocks are down about 1% on on S 122 00:07:16,480 --> 00:07:20,160 the S&P 500, the NASDAQ is down about, yeah, also about 1%. 123 00:07:20,160 --> 00:07:21,720 So really not a big move in stocks. 124 00:07:23,480 --> 00:07:26,600 In some ways it's being taken. You know, it's a bit mixed for 125 00:07:26,600 --> 00:07:29,400 U.S. stocks because obviously a lot of them are defence related. 126 00:07:29,400 --> 00:07:32,840 And and you know, there is something to be said here about 127 00:07:33,080 --> 00:07:37,160 the the actual effectiveness of the strike might actually lead 128 00:07:37,160 --> 00:07:40,080 to a better scenario and let's say the medium term with with 129 00:07:40,640 --> 00:07:44,400 with negotiations coming back. So like it's not inclusive kind 130 00:07:44,400 --> 00:07:48,280 of what the end game is here, but it does seem as though 131 00:07:48,280 --> 00:07:51,120 crypto continues to not react well to this sort of stuff. 132 00:07:51,320 --> 00:07:54,960 What we did see is oil and gold move up pretty rapidly higher. 133 00:07:54,960 --> 00:08:00,760 Gold hit an all time high. It's at 3400 odd right now. 134 00:08:01,600 --> 00:08:06,640 And oil took a big move higher both on Brent and WTI. 135 00:08:07,800 --> 00:08:11,480 We. This oil trap got gold chart is 136 00:08:11,520 --> 00:08:13,040 crazy. Yeah. 137 00:08:13,520 --> 00:08:17,200 So that tells you though that that you know Bitcoin will will 138 00:08:17,200 --> 00:08:23,520 catch a bit too in my opinion. And I don't, I think although we 139 00:08:23,520 --> 00:08:29,160 react badly to headlines in crypto generally, I do think the 140 00:08:29,160 --> 00:08:33,520 headline that we probably just saw is probably the, the, the 141 00:08:33,520 --> 00:08:35,400 biggest headline that you will see. 142 00:08:37,080 --> 00:08:40,720 The other one, I mean, there are a number of other major nuclear 143 00:08:40,720 --> 00:08:43,320 facilities in Iran that maybe they hit, but I don't think 144 00:08:43,320 --> 00:08:45,080 you're going to see a bigger headline than the one we just 145 00:08:45,080 --> 00:08:50,200 saw basically, apart from maybe a retaliatory strike. 146 00:08:50,200 --> 00:08:54,080 But I don't even know if that would be with missiles that that 147 00:08:54,080 --> 00:08:56,600 could be something else that could be more like a like a 148 00:08:56,600 --> 00:08:59,560 terrorist related attack or a different sort of attack, let's 149 00:08:59,560 --> 00:09:01,000 say. So I don't know if that would 150 00:09:01,000 --> 00:09:06,480 cause like the same sort of response by the markets at 151 00:09:06,520 --> 00:09:10,440 least. So yeah, obviously not a great 152 00:09:10,440 --> 00:09:15,640 scenario just in terms of global peace, but it does feel as 153 00:09:15,640 --> 00:09:19,640 though this has perhaps been coming for a little bit of time. 154 00:09:19,640 --> 00:09:22,480 I don't think people thought it would actually ever get to this 155 00:09:22,480 --> 00:09:27,600 level, but it has. And I don't necessarily think 156 00:09:27,600 --> 00:09:30,880 this is just going to be like a down only period during this 157 00:09:30,920 --> 00:09:34,640 during if this conflict, let's say continues before that has 158 00:09:34,640 --> 00:09:36,920 been an OK day. Like PPI came in below 159 00:09:37,040 --> 00:09:39,960 expectations that continued to be. 160 00:09:39,960 --> 00:09:43,920 We had everything. Yeah, slightly better commentary 161 00:09:43,920 --> 00:09:47,600 around some of the some of the trade deals being done. 162 00:09:47,600 --> 00:09:52,040 Although there was a talk about the China tariffs may be 163 00:09:52,080 --> 00:09:54,520 returning slightly, which is a little bit confusing. 164 00:09:54,520 --> 00:09:57,400 You saw a number of different treasury companies again 165 00:09:57,400 --> 00:09:59,600 spinning up and saying they were going to buy crypto. 166 00:10:01,720 --> 00:10:04,600 I think you have one which is going to buy 5 billion of 167 00:10:04,600 --> 00:10:07,320 Solana. We had some for hyper liquid, we 168 00:10:07,320 --> 00:10:09,440 had some for ETH, we had some for Bitcoin. 169 00:10:09,440 --> 00:10:12,360 Like, you know, that's the that's it was all looking pretty 170 00:10:12,360 --> 00:10:16,600 rosy. But this, this the crypto just 171 00:10:16,600 --> 00:10:20,640 does not like wool. It feels like this is multiple, 172 00:10:20,640 --> 00:10:23,640 multiple times. We've seen even more regional 173 00:10:23,640 --> 00:10:27,880 conflicts seem to lead to quite a big reaction on on crypto. 174 00:10:30,840 --> 00:10:34,520 Yep, that is a good rundown here. 175 00:10:34,520 --> 00:10:37,560 I mean, you know, E becomes consensus rate for one week and 176 00:10:38,440 --> 00:10:45,320 we go to war, so. It's not allowed to app, not 177 00:10:45,320 --> 00:10:46,680 allowed to app for. It's not. 178 00:10:46,800 --> 00:10:52,040 It's so frustrating. I'm sure a lot of people tell 179 00:10:52,040 --> 00:10:53,960 about me. It is a tough token to long I 180 00:10:53,960 --> 00:10:55,880 think. I don't really want to comment 181 00:10:55,880 --> 00:10:58,520 on the comic itself. I just want to be zoomed in from 182 00:10:58,560 --> 00:11:01,040 a from a trading perspective. I think a couple of takeaways 183 00:11:01,120 --> 00:11:02,800 that I had. One, I think it's somewhat 184 00:11:02,800 --> 00:11:07,760 notable that Bitcoin sold off more during the Trump Elon fight 185 00:11:08,680 --> 00:11:11,680 last week. We touched 100,500. 186 00:11:12,240 --> 00:11:14,560 I think the bottom I saw yesterday was 1026. 187 00:11:16,480 --> 00:11:20,760 So perhaps a sign that the dips are becoming more shallow. 188 00:11:20,800 --> 00:11:25,120 But with that being said, I'm not holding my breath that that 189 00:11:25,120 --> 00:11:28,520 we're out of the woods on this just yet, especially if if we 190 00:11:28,520 --> 00:11:32,640 see action headed into a liquid weekend like Mando said. 191 00:11:32,640 --> 00:11:35,640 So it doesn't necessarily feel like a time to me to be like 192 00:11:35,640 --> 00:11:40,480 rushing back into positions or turning up the the the leopard, 193 00:11:41,280 --> 00:11:47,600 the leopard down just yet. Yeah, that's, it's definitely, 194 00:11:48,200 --> 00:11:50,200 yeah, it's definitely a lot going on right now. 195 00:11:50,200 --> 00:11:53,400 And all we can do is just wait it out and see what happens this 196 00:11:53,400 --> 00:11:55,000 weekend. But this is probably not going 197 00:11:55,000 --> 00:11:55,960 to. So like this is an ongoing. 198 00:11:56,280 --> 00:11:58,040 Like we were laughing when I said nothing ever happens. 199 00:11:58,040 --> 00:11:59,320 Like something did happen this time. 200 00:11:59,320 --> 00:12:01,560 So it's good for everybody not to just maybe don't leverage 201 00:12:01,560 --> 00:12:04,920 trade and get chopped up, up and down because there's going to be 202 00:12:04,920 --> 00:12:09,600 wild volatility probably this weekend again and there's an 203 00:12:09,600 --> 00:12:11,160 ongoing war. I mean, I, I, I turn my 204 00:12:11,160 --> 00:12:14,680 notifications on for these, like these pages that gives you 205 00:12:14,720 --> 00:12:18,720 updates on like all the strikes. I woke up to like 500 206 00:12:18,720 --> 00:12:23,080 notifications. Yeah, yesterday. 207 00:12:23,080 --> 00:12:25,960 You know the OSINT defender pages and all those ones. 208 00:12:27,400 --> 00:12:29,040 Yeah, I I follow that one as well. 209 00:12:29,040 --> 00:12:32,280 Yeah, that one like these ones like it posts like every minute 210 00:12:32,400 --> 00:12:34,360 though they like. It's this one. 211 00:12:34,360 --> 00:12:37,440 It's it's specifically this one. So I was just saying for people 212 00:12:37,440 --> 00:12:42,280 who are curious to this one specifically seems to be giving 213 00:12:42,280 --> 00:12:47,280 unbiased like updates. I don't read the opinions that 214 00:12:47,280 --> 00:12:49,360 they have because I don't give a shit about their opinion. 215 00:12:49,840 --> 00:12:54,160 But it's just like give you updates on oh, now this this 216 00:12:54,160 --> 00:12:57,000 area or now Iran said this, now Israel said that. 217 00:12:57,000 --> 00:13:00,440 So they give you good like put like this, like several launches 218 00:13:00,440 --> 00:13:03,320 from the northern Lebanon, like they give you a good update. 219 00:13:04,320 --> 00:13:08,680 If this is the stuff that gives you anxiety, just don't follow 220 00:13:08,680 --> 00:13:10,160 them. You know, it's not for 221 00:13:10,160 --> 00:13:12,480 everybody, right? So just I don't want to give 222 00:13:12,480 --> 00:13:14,640 that that the disclaimer out there. 223 00:13:14,640 --> 00:13:17,480 But for me, I like to be aware of the shit that's going down. 224 00:13:18,240 --> 00:13:20,240 I think this is where X shines, right? 225 00:13:20,320 --> 00:13:25,440 And people love to bash on Twitter, but breaking global 226 00:13:25,440 --> 00:13:28,920 news if you can find the objective sources, right? 227 00:13:29,080 --> 00:13:33,680 I mean, I was with a friend last night who I got the notification 228 00:13:34,040 --> 00:13:36,240 fast because I'm on my phone and I read these notifications 229 00:13:36,240 --> 00:13:41,760 really quick and I was like, yo, this just happened when 50X for 230 00:13:41,760 --> 00:13:46,680 Bitcoin, not me him and then made some money and then closed 231 00:13:46,680 --> 00:13:48,280 it. You know, I mean it's like you, 232 00:13:48,280 --> 00:13:53,280 you get you have that edge, I feel on X right, But I feel like 233 00:13:53,280 --> 00:13:55,800 stocks know everything first, like stocks started kind of 234 00:13:55,800 --> 00:13:58,680 dipping during the day. No man, no history like little. 235 00:13:58,680 --> 00:14:00,560 Crypto knows first. That's what I've noticed. 236 00:14:00,680 --> 00:14:03,120 Crypto knows way whenever there's a potential. 237 00:14:03,120 --> 00:14:08,360 We get hammered the most, yeah. It definitely knows like when, 238 00:14:08,400 --> 00:14:11,520 when you know, everything was looking rosy probably 2 days ago 239 00:14:13,000 --> 00:14:15,200 even coming. Yeah, about two days ago, I'd 240 00:14:15,200 --> 00:14:17,800 say, suddenly start turning and then you suddenly start seeing 241 00:14:17,800 --> 00:14:23,280 these headlines about embassies being shot and like, oh, OK, it 242 00:14:25,360 --> 00:14:31,080 is what it is. Yeah, it's it is definitely what 243 00:14:31,760 --> 00:14:34,880 it is. Anyways, Tyler, let's see what 244 00:14:34,880 --> 00:14:50,720 you got for us today. Yeah folks, crypto majors very 245 00:14:50,720 --> 00:14:54,760 red this morning amidst this ongoing Israel, Iran conflict. 246 00:14:54,760 --> 00:14:59,880 Bitcoin down 3 percent, 10448 now down 9% of the day 2509. 247 00:15:00,160 --> 00:15:04,600 Salata down 10 percent 1:45 Interestingly, notably, the EE 248 00:15:04,600 --> 00:15:08,720 TFs kept their inflow stream going another 120 a 112 million 249 00:15:08,720 --> 00:15:10,720 in that inflow. I'm curious what will happen 250 00:15:10,720 --> 00:15:13,720 here today. It was a huge day for Coinbase, 251 00:15:14,560 --> 00:15:17,440 arguably that the biggest news of the day not related to 252 00:15:17,440 --> 00:15:20,920 Israel, Iran, some major announcements at their product 253 00:15:20,920 --> 00:15:22,720 day yesterday. So they've given green light to 254 00:15:22,720 --> 00:15:26,200 perp futures in the US. They have this partnership with 255 00:15:26,200 --> 00:15:31,480 Shopify to accept USDC payments on base at select Shopify 256 00:15:31,480 --> 00:15:34,160 stores. I believe they teased and 257 00:15:34,160 --> 00:15:38,640 integrated decks on the native Coinbase platform as well as 258 00:15:38,640 --> 00:15:41,280 the, I feel like the flashiest news, the people really rallied 259 00:15:41,280 --> 00:15:42,680 behind it was this Coinbase one card. 260 00:15:42,680 --> 00:15:48,000 The new credit card was up to 4% back on purchases in Bitcoin 261 00:15:48,400 --> 00:15:50,920 coming this fall. So some some major announcements 262 00:15:50,920 --> 00:15:52,240 there. We'll dig into that in a minute. 263 00:15:52,600 --> 00:15:56,880 This morning, Walmart and Amazon reports they're reportedly 264 00:15:56,880 --> 00:15:58,560 exploring issuing their own stable coins. 265 00:15:58,680 --> 00:16:01,600 So all the big players are looking at stables. 266 00:16:01,960 --> 00:16:06,160 Mando alluded to this, but DFTV is the the Solana corporate 267 00:16:06,160 --> 00:16:09,480 treasury company that announced a $5 billion equity line 268 00:16:09,920 --> 00:16:12,880 continuing to buy sole, their sole corporate treasury along 269 00:16:12,880 --> 00:16:14,680 with a new state of goal. This is kind of a catchy new 270 00:16:14,680 --> 00:16:17,360 line. They want to maximize SPS sole 271 00:16:17,360 --> 00:16:20,600 per share. I like that tagline and the 272 00:16:20,600 --> 00:16:21,880 disclosure. We're in talks. 273 00:16:21,880 --> 00:16:24,680 We're hoping to have DFTV on the show next week. 274 00:16:25,360 --> 00:16:27,680 So we'd like to hear more from them first hand about their 275 00:16:27,680 --> 00:16:31,760 plans. We also had this Tony G Co 276 00:16:31,760 --> 00:16:33,440 Investment holdings. They became the first public 277 00:16:33,440 --> 00:16:35,360 company to build a hype corporate treasury. 278 00:16:35,360 --> 00:16:39,160 They bought 10,000 hype for $400,000 and then we got to talk 279 00:16:39,160 --> 00:16:41,400 about it. Ethereum treasury firm Sharp 280 00:16:41,400 --> 00:16:44,960 Link Gaming expat stock plunged 70% last night. 281 00:16:45,880 --> 00:16:48,400 And it's the release of details of their investors and their 282 00:16:48,400 --> 00:16:50,480 chosen lock up periods. I think we'll get into more of 283 00:16:50,480 --> 00:16:55,720 the details for that as well. Going into token AirDrop and 284 00:16:55,720 --> 00:16:58,320 protocol news wrecked big day for RECT. 285 00:16:58,320 --> 00:16:59,960 We spent 30 minutes on RECT yesterday. 286 00:16:59,960 --> 00:17:01,000 We don't need to spend as much time. 287 00:17:01,000 --> 00:17:05,000 Today, but they. Took a position in the token, 288 00:17:05,800 --> 00:17:10,240 they opened up a bridge to make RECT tradable on Solana and then 289 00:17:10,240 --> 00:17:13,079 Jupe stakers are going to be eligible for this next limited 290 00:17:13,079 --> 00:17:16,680 edition release of RECT drinks. So some big announcements there. 291 00:17:16,920 --> 00:17:19,640 We had Hyper Liquid launched access to gold trading via 292 00:17:19,640 --> 00:17:23,960 Tethers XAUTO token. So you can buy Spot gold on 293 00:17:23,960 --> 00:17:27,680 Hyper Liquid now via that. There's a new info 5 launchpad 294 00:17:27,680 --> 00:17:30,360 shout out fun. They rolled out a new 12 week 295 00:17:30,680 --> 00:17:34,800 points program and then NMT lender NMT 5 introduced a new 296 00:17:34,800 --> 00:17:39,560 advanced NMT lending aggregator platform dashboard, enabling a 297 00:17:39,560 --> 00:17:42,360 new unified market view refi from other protocols and more. 298 00:17:42,640 --> 00:17:46,120 Rounding this out, the AI board down about 10 percent, 919 point 299 00:17:46,120 --> 00:17:49,560 1 billion that new virtuals launch Irish Iris. 300 00:17:49,560 --> 00:17:52,280 It opened up at 100 million. I sold at 50 million this 301 00:17:52,280 --> 00:17:54,160 morning. Meme coin leaders, not 302 00:17:54,160 --> 00:17:57,080 surprisingly down anywhere from 6 to 20%. 303 00:17:57,080 --> 00:18:00,760 SPX and parkour hit the hardest, but they had rallied the hardest 304 00:18:01,120 --> 00:18:03,000 in the days leading up to yesterday. 305 00:18:04,640 --> 00:18:07,080 In the NFTS couple headlines, Pudgy Penguins announced a new 306 00:18:07,080 --> 00:18:10,920 partnership with Lufthansa. So Wednesday, yesterday is 307 00:18:10,920 --> 00:18:13,320 Lufthansa. So they're continuing to pump 308 00:18:13,320 --> 00:18:15,960 these out. And then the skull Lucy, new all 309 00:18:15,960 --> 00:18:22,880 time high $360,000 in USDC terms over on Gandhi, 130 ETH total. 310 00:18:22,880 --> 00:18:28,680 So new all time high in both ETH and USDC terms 3. 150 grand for 311 00:18:28,680 --> 00:18:30,160 this call. It's a lot. 312 00:18:31,680 --> 00:18:34,760 That's a lot of money. It's 3X the Punk 4. 313 00:18:36,800 --> 00:18:39,200 But there's like. Six, you have them. 314 00:18:39,880 --> 00:18:42,000 Right, Yeah. What are punks today? 315 00:18:42,000 --> 00:18:43,960 How's our ratio doing this morning with the war? 316 00:18:44,960 --> 00:18:46,560 Well, they're very. Important questions because. 317 00:18:46,600 --> 00:18:52,880 ETH dropped 9%, so I think the four held in E terms still at 318 00:18:52,880 --> 00:18:55,120 44. I I see. 319 00:18:56,280 --> 00:18:57,360 OK. So we're still, we're still 320 00:18:57,360 --> 00:18:58,640 betting Bitcoin? That's good. 321 00:18:58,640 --> 00:19:01,800 We still got that 10% edge. That's all that matters. 322 00:19:02,160 --> 00:19:07,880 Who's Daddy? Anyways, yeah, direct news is 323 00:19:07,880 --> 00:19:09,040 cool. I was assuming that had to do 324 00:19:09,040 --> 00:19:12,640 with yesterday's, you know, pump the acquisition from the Jupe 325 00:19:12,640 --> 00:19:14,160 side and everything. So a lot of good stuff going 326 00:19:14,160 --> 00:19:17,280 there now, Tradable and Solana. So there you go. 327 00:19:17,880 --> 00:19:21,160 So now you can buy and sell your rec for $1.00 profit on Solana. 328 00:19:21,520 --> 00:19:25,960 So it's it's even better. And then Tyler, what, what were 329 00:19:25,960 --> 00:19:28,960 some of the big headlines you had the MasterCard, say, IMAX 330 00:19:28,960 --> 00:19:30,400 and Coinbase and sharpening gaming. 331 00:19:30,840 --> 00:19:32,280 Yeah, well, let's talk about Coinbase. 332 00:19:32,280 --> 00:19:38,120 So it held the State of Crypto Summit in New York City and they 333 00:19:38,200 --> 00:19:41,440 they did not disappoint. They unveiled A sweeping set of 334 00:19:41,440 --> 00:19:43,880 product launches and new partnerships. 335 00:19:43,880 --> 00:19:47,360 Think some of the highlights they're going to offer 24/7 336 00:19:47,360 --> 00:19:52,120 crypto perps under CFTC oversight in the US and this is 337 00:19:52,120 --> 00:19:56,560 the first major US exchange to to bring levered perp trading to 338 00:19:56,560 --> 00:19:59,000 US users. That was a big one. 339 00:19:59,800 --> 00:20:02,240 They're they're opening up crypto operating accounts for 340 00:20:02,240 --> 00:20:05,520 businesses. They teased integrating the 341 00:20:05,520 --> 00:20:09,160 decks on Coinbase that you could trade any of base's tokens 342 00:20:09,920 --> 00:20:12,760 natively on Coinbase. They. 343 00:20:13,480 --> 00:20:17,000 They opened up the these USDC payments with this partnership 344 00:20:17,040 --> 00:20:19,480 with Shopify. So now merchants using Shopify 345 00:20:19,480 --> 00:20:23,360 Payments will be able to accept USDC on base. 346 00:20:23,960 --> 00:20:28,800 And then this Coinbase in partnership with Amex new credit 347 00:20:28,800 --> 00:20:31,360 card offering up to 4% Bitcoin back. 348 00:20:31,760 --> 00:20:33,080 Looked into the details a little bit. 349 00:20:33,080 --> 00:20:36,680 It looks like to unlock the the highest tiers of returns. 350 00:20:36,680 --> 00:20:40,760 So to get 4% back, there are thresholds of how many assets, 351 00:20:40,800 --> 00:20:43,000 how much assets you have to hold on Coinbase. 352 00:20:43,920 --> 00:20:49,480 So, so there are some incentives or rules to that to unlock those 353 00:20:49,480 --> 00:20:52,840 tiers, but that's still a pretty splash return, especially for 354 00:20:52,840 --> 00:20:56,600 folks who already do hold funds on Coinbase. 355 00:20:56,600 --> 00:21:01,440 So some, some really big headlines to to be honest. 356 00:21:01,440 --> 00:21:05,120 And I've I've certainly been critical of Coinbase on the 357 00:21:05,120 --> 00:21:09,640 show, but they are they're, they're pushing forward. 358 00:21:11,680 --> 00:21:16,760 Yeah, yeah. I mean I also good to know that 359 00:21:18,200 --> 00:21:22,640 Amex has now entered the ring because they had it before if 360 00:21:22,640 --> 00:21:24,800 I'm not mistaken. Oh yeah, a good point actually. 361 00:21:24,880 --> 00:21:26,160 I hadn't really. I hadn't done. 362 00:21:26,160 --> 00:21:29,240 It's been it's been on Visa was the biggest and 1st in the 363 00:21:29,240 --> 00:21:33,520 MasterCard recently with moon pay but Amex joining is pretty 364 00:21:33,520 --> 00:21:36,040 big in my opinion. I like the garden. 365 00:21:36,480 --> 00:21:38,240 I signed up for the wait list. I'm. 366 00:21:38,240 --> 00:21:40,280 Probably, yeah. It's flashy. 367 00:21:40,440 --> 00:21:45,080 It's black, looks good. I saw a tweet. 368 00:21:48,000 --> 00:21:50,960 I I got to find it for you guys. It's really, really out of 369 00:21:50,960 --> 00:21:52,760 pocket. Oh, yeah. 370 00:21:56,000 --> 00:21:58,240 Can I read it on the show? Even Amanda? 371 00:21:58,240 --> 00:21:59,640 You're going to love that one, dude. 372 00:21:59,920 --> 00:22:01,240 It's Friday, I need some lighter. 373 00:22:01,840 --> 00:22:04,480 Lighter, yes. So I was at a really nice love 374 00:22:04,480 --> 00:22:06,600 party in Manhattan. Pulled out my Coinbase Premium 375 00:22:06,600 --> 00:22:09,480 Amex car with 4% BTC back to cut up some lines. 376 00:22:09,800 --> 00:22:12,400 The next thing you know, next thing I know, I'm in a basement 377 00:22:12,400 --> 00:22:14,480 for four days tied to a wheelchair getting my balls 378 00:22:14,480 --> 00:22:25,640 electrocuted. This guy, I it's, it's but every 379 00:22:25,680 --> 00:22:28,720 just just for every big news, there's always this one tweet 380 00:22:28,720 --> 00:22:31,480 that's so funny. I thought that was so out of 381 00:22:31,560 --> 00:22:34,880 pocket. But yeah, it's a great card. 382 00:22:34,880 --> 00:22:35,960 I love it. I think. 383 00:22:35,960 --> 00:22:40,760 Is it only for USA? I don't I don't know the answer 384 00:22:40,760 --> 00:22:44,640 to that, so I have to look into the fine print. 4% Bitcoin back 385 00:22:45,160 --> 00:22:49,120 like I spent a lot of money on my on my noses pay card like 4% 386 00:22:49,120 --> 00:22:53,440 back is significant, especially with Bitcoin going higher like 387 00:22:53,440 --> 00:22:55,560 there's an internal tee wap on Bitcoin so. 388 00:22:56,600 --> 00:22:58,920 I think we're all tired of like the last generation of like 389 00:22:58,920 --> 00:23:01,480 points credit cards and the points all got in points way. 390 00:23:01,680 --> 00:23:03,320 It's like, let's just get hard cash. 391 00:23:03,360 --> 00:23:06,600 Yeah, Crypto DJ and Ty confirmed points only. 392 00:23:06,600 --> 00:23:12,000 Oh, before I go to the next news, the code today, the code 393 00:23:12,280 --> 00:23:20,760 you go to rafflebot dot XYZ, the code is D Jans live and Sims is 394 00:23:20,760 --> 00:23:26,120 the tweet up. It is oh, you already posted 20 395 00:23:26,120 --> 00:23:28,640 minutes ago. So breaking news here. 396 00:23:29,720 --> 00:23:33,800 So first of all, of course, is D Jans live DEGENZLIVE breaking 397 00:23:33,800 --> 00:23:36,640 news before we get into the other news from Tyler is that we 398 00:23:36,640 --> 00:23:43,880 will now be hosting the show on Kik under one big umbrella. 399 00:23:44,360 --> 00:23:48,400 So FOMO hour Monday to Friday, 10:00 AM Eastern Standard Time, 400 00:23:49,360 --> 00:23:53,880 underexposed, which is hosted by Tyler or very own Tyler, These 401 00:23:53,880 --> 00:23:56,800 Jeeves and Pierce set on Tuesdays at noon Eastern 402 00:23:56,800 --> 00:24:00,640 Standard Time and wrecked radio, which is always said by Mando 403 00:24:00,640 --> 00:24:03,880 Rivero, Mando OSF and Keyboard Monkey. 404 00:24:03,880 --> 00:24:07,160 And I'm hearing that there might be some additions there, which 405 00:24:07,160 --> 00:24:10,200 is on Wednesdays at 12. Right. 406 00:24:10,200 --> 00:24:11,000 And say the 12. Yeah. 407 00:24:11,560 --> 00:24:14,760 Wendy's at 12. All of these shows will now be 408 00:24:14,840 --> 00:24:19,840 all hosted and powered by Myriad Yeet and Wrecked. 409 00:24:20,040 --> 00:24:24,560 So this is the three companies, three brands, and a bunch of 410 00:24:24,560 --> 00:24:28,640 friends and cool creators. You know us 3 here, plus the 411 00:24:28,640 --> 00:24:31,080 rest of the crew that I just named getting together on the 412 00:24:31,080 --> 00:24:34,560 one big umbrella that is D Jans and that we're going to host our 413 00:24:34,560 --> 00:24:37,760 shows on kik for the reason that, you know, we want to start 414 00:24:37,760 --> 00:24:39,320 tapping into a different audience. 415 00:24:39,320 --> 00:24:42,200 We believe that we've not maxed out the audience on X, but as 416 00:24:42,200 --> 00:24:44,520 you know, the streaming is not great on here. 417 00:24:44,520 --> 00:24:50,040 We try, but it's not the best and and so we are going to be 418 00:24:50,040 --> 00:24:53,960 hosting on the one umbrella brand and since we have D Jans, 419 00:24:54,240 --> 00:24:57,920 we figure we do it on there and so it'll be the same as usual, 420 00:24:58,000 --> 00:25:01,680 but everything, you know, pushed on the accounts, etcetera. 421 00:25:01,680 --> 00:25:03,360 So it's going to be a lot of fun. 422 00:25:03,680 --> 00:25:05,840 We're all excited to do this with you guys. 423 00:25:05,840 --> 00:25:08,760 Make sure you share the news and from Monday, right, if I'm not 424 00:25:08,760 --> 00:25:11,040 mistaken, from this coming Monday, we're still going to be 425 00:25:11,040 --> 00:25:15,400 running the Twitter Spaces as is because we believe that we still 426 00:25:15,400 --> 00:25:17,200 do need to tap into spaces a bit, though. 427 00:25:17,240 --> 00:25:21,200 It's a little bit annoying sometimes, but but you know, we 428 00:25:21,200 --> 00:25:25,600 believe that on video, it's better to have everything live 429 00:25:25,600 --> 00:25:27,720 in one place. So we're not going to be 430 00:25:27,720 --> 00:25:29,920 streaming on YouTube anymore. We're not going to be streaming 431 00:25:29,920 --> 00:25:32,880 on Twitter anymore. All the live action for all of 432 00:25:32,880 --> 00:25:36,400 the shows I named for rec video underexposed and from our are 433 00:25:36,400 --> 00:25:39,720 going to be on DJs and then we're going to repost the VO DS 434 00:25:40,040 --> 00:25:43,680 on YouTube, on Twitter, etcetera and other platforms. 435 00:25:43,680 --> 00:25:47,720 So we're we're going to find a good way to grow outside of our 436 00:25:47,720 --> 00:25:49,520 little bubble. I don't know if Tyler reminded 437 00:25:49,520 --> 00:25:51,800 you want to say anything about it, but that's the TLDR. 438 00:25:52,600 --> 00:25:54,240 No, you've hit it. The return of D Jens. 439 00:25:54,400 --> 00:25:57,000 I think they're using the same D Jens account, right? 440 00:25:57,680 --> 00:25:58,360 Yeah, we. Did. 441 00:25:59,280 --> 00:26:01,920 So I bet a bunch of you are already following it. 442 00:26:01,920 --> 00:26:07,040 But yeah, I think all the video content on X is not the best. 443 00:26:08,440 --> 00:26:10,360 And we just felt like this was a good way to do it. 444 00:26:10,360 --> 00:26:12,960 So and all it's all going to be in one place. 445 00:26:12,960 --> 00:26:14,680 I think it's those shows. But then who knows? 446 00:26:14,680 --> 00:26:15,800 We can have a ton of different people. 447 00:26:15,840 --> 00:26:18,720 I think you're going to kind of stream, I reckon through that 448 00:26:18,720 --> 00:26:19,960 show as well. So it'll be a good one to 449 00:26:19,960 --> 00:26:22,160 follow. That's what I'm excited about, 450 00:26:22,160 --> 00:26:24,800 having the the three shows all in the same umbrella. 451 00:26:24,800 --> 00:26:27,080 And then I think it's going to be easier for us to to like 452 00:26:27,080 --> 00:26:28,880 think about how we expand from there. 453 00:26:29,800 --> 00:26:32,920 Yeah, plus, like, you know, I think KBM sometimes wants to 454 00:26:32,920 --> 00:26:35,360 threat will do his own thing. He's going to go into DJ's live 455 00:26:35,360 --> 00:26:37,440 like maybe Tyler if sometimes you want to fuck around his 456 00:26:37,440 --> 00:26:39,640 dream. So they like if I want to pull 457 00:26:39,640 --> 00:26:42,040 up, like we're going to like if DJ's life is really going to be 458 00:26:42,040 --> 00:26:43,920 like this, like really cool. Like Chris Orr stream of 459 00:26:43,920 --> 00:26:47,160 creators and friends and brands getting together under one 460 00:26:47,160 --> 00:26:49,000 umbrella. Everything's produced by rug 461 00:26:49,000 --> 00:26:50,200 radio. So just for the rug radio 462 00:26:50,200 --> 00:26:52,320 holders out there thinking, yo, what's going on here with the 463 00:26:52,320 --> 00:26:53,400 rug radio? Nothing changes. 464 00:26:53,640 --> 00:26:54,880 So we're producing the whole thing. 465 00:26:55,320 --> 00:26:58,320 But we figured that having one brand and one place, one 466 00:26:58,320 --> 00:27:01,880 location and putting all our efforts and our because we all 467 00:27:01,880 --> 00:27:03,160 have a fuck ton of followers, right? 468 00:27:03,680 --> 00:27:05,680 So efforts into one place. So we're going to be on 469 00:27:05,680 --> 00:27:12,040 Instagram, Spotify, Kik, YouTube and X all D Jens Live and then 470 00:27:12,040 --> 00:27:15,440 on X, though the FOMO Underexposed and Wrecker will 471 00:27:15,440 --> 00:27:17,640 still exist as their own in visual brands and pages. 472 00:27:17,800 --> 00:27:19,760 But those is going to be one place so that you can get your 473 00:27:19,760 --> 00:27:21,520 alerts. So you can turn on notifications 474 00:27:21,520 --> 00:27:24,440 for D Jens live on X if you want to be quick to getting the kick 475 00:27:24,840 --> 00:27:28,320 links and as usual, yet is going to power all the giveaways. 476 00:27:28,320 --> 00:27:30,800 So don't worry, we're still going to get some money. 477 00:27:30,800 --> 00:27:34,120 You guys and actually 3 of you guys are going to win some money 478 00:27:34,120 --> 00:27:36,360 today. If you have the Kik app on your 479 00:27:36,360 --> 00:27:39,320 phone, it will notify you when we go live every time. 480 00:27:39,320 --> 00:27:40,880 So you won't be, you won't ever miss it. 481 00:27:41,680 --> 00:27:45,640 There you go, Kik Co, founded by an Iranian brother. 482 00:27:45,800 --> 00:27:50,640 By the way, Bizan, you know, steakstate.com is, is there 483 00:27:50,640 --> 00:27:52,800 anybody in the Iranian guy you know? 484 00:27:52,960 --> 00:27:55,080 So shout the persons out there, you know. 485 00:27:55,360 --> 00:27:59,080 Anyways, I had to show my my Persian people for a second. 486 00:27:59,600 --> 00:28:03,000 Tyler, back to you. Yeah, let's get into a couple of 487 00:28:03,000 --> 00:28:04,800 these corporate treasuries. Let's talk about this sharp link 488 00:28:04,800 --> 00:28:05,920 thing. I want to talk about this sharp 489 00:28:05,920 --> 00:28:07,440 link because it's a good, it's a big thing. 490 00:28:07,680 --> 00:28:09,840 Also, we want to stop on the hour today and be on time, but 491 00:28:09,880 --> 00:28:14,240 we have to talk about this. Mando, I might throw this to you 492 00:28:14,240 --> 00:28:15,600 if you know some of the, the details. 493 00:28:15,600 --> 00:28:18,000 So I I missed some of the, the specifics around this, the whole 494 00:28:18,000 --> 00:28:19,920 pipe aspect and exactly what happened. 495 00:28:19,920 --> 00:28:23,640 My my take away was that effectively they released this 496 00:28:23,640 --> 00:28:29,680 investors list and the investors in sharp link basically signed 497 00:28:29,680 --> 00:28:34,640 up to be able to sell their shares at the one month mark and 498 00:28:34,640 --> 00:28:38,600 this information became public. Crypto Twitter runs crazy and 499 00:28:38,600 --> 00:28:41,040 says all these people are all just going to dump as soon as 500 00:28:41,040 --> 00:28:48,120 they can and the the S bet stock falls 70% after hours. 501 00:28:49,200 --> 00:28:50,760 Is there more to it? Like what what? 502 00:28:50,800 --> 00:28:53,720 What was your read on on how that all played out? 503 00:28:55,760 --> 00:29:01,880 I think there was some confusion, but it is clear that 504 00:29:01,880 --> 00:29:05,320 there was going to be, there was some registration for a resale 505 00:29:05,320 --> 00:29:11,560 of equity as in like they were going to sell equity, but it 506 00:29:11,560 --> 00:29:18,120 could come from existing holders and that wasn't the best look. 507 00:29:18,120 --> 00:29:22,040 I don't think it'd be like if micro strategy bought a bunch of 508 00:29:22,040 --> 00:29:24,280 Bitcoin and then everybody got into micro strategy before that 509 00:29:24,280 --> 00:29:27,680 was announced, then said, well, it's not everyone. 510 00:29:27,680 --> 00:29:29,520 But then Microsoft actually said, hey, actually we're going 511 00:29:29,520 --> 00:29:31,640 to resell the people who already own the stock here. 512 00:29:32,600 --> 00:29:36,280 This is, I think these sort of structures, to be clear, are 513 00:29:36,280 --> 00:29:40,520 very common in many of the recent Bitcoin treasury 514 00:29:40,520 --> 00:29:43,360 announcements, particularly the ones which are like this dead 515 00:29:43,360 --> 00:29:48,120 company buying crypto generally how they get funded. 516 00:29:48,520 --> 00:29:50,600 Just to be clear, like these companies don't just have like 517 00:29:50,600 --> 00:29:52,080 50 million of cash in the balance sheet. 518 00:29:52,720 --> 00:29:55,840 They get funded by these people who come in and say, hey, we'll 519 00:29:55,840 --> 00:29:57,800 fund it. The make a public announcement 520 00:29:57,800 --> 00:30:01,520 that you're going to do this and then in a month's time, I'm free 521 00:30:01,520 --> 00:30:04,480 to, to sell my shares. That's how you can get in on 522 00:30:04,480 --> 00:30:08,520 some of these these sort of things before they get 523 00:30:08,520 --> 00:30:10,360 announced. That's, that's basically what's 524 00:30:10,360 --> 00:30:12,080 been happening. So this is, this is actually 525 00:30:12,080 --> 00:30:14,520 very common of what's going on right now. 526 00:30:14,800 --> 00:30:18,040 So we may see this from a a broad range of the companies 527 00:30:18,040 --> 00:30:24,040 announcing altcoin or Bitcoin strategies, but it's obviously 528 00:30:24,040 --> 00:30:28,440 not a great look that this one in particular was tied to the 529 00:30:29,480 --> 00:30:33,320 one of the Co founders of ETH. And I think it probably left a 530 00:30:33,320 --> 00:30:36,400 bad taste in the mouth of like, why would you look to resell 531 00:30:36,400 --> 00:30:39,320 this? If if the idea is to be the 532 00:30:39,320 --> 00:30:43,520 micro strategy of of of ETH or something along those lines that 533 00:30:43,520 --> 00:30:45,520 the real thing. We just need to sell new equity 534 00:30:45,520 --> 00:30:49,080 and buy more reef, not we're going to we're going to do some 535 00:30:49,080 --> 00:30:52,840 form of a resale. So I, I think that's what caused 536 00:30:52,840 --> 00:30:55,280 the the bad reaction. I think it's probably overblown. 537 00:30:57,040 --> 00:31:01,240 But yeah, it does feel like a little bit of a fumble, I have 538 00:31:01,240 --> 00:31:05,040 to say. It does, but thinking about this 539 00:31:05,040 --> 00:31:06,400 from a trade perspective, so now can. 540 00:31:07,600 --> 00:31:09,560 You guys explain this like for the people who don't want me to 541 00:31:09,560 --> 00:31:11,560 understand how this stuff works, but yeah, go for it, Tyler. 542 00:31:12,200 --> 00:31:14,200 The market cap is now 659,000,000. 543 00:31:15,040 --> 00:31:18,200 This morning we know they cleared their $425,000,000 E 544 00:31:18,280 --> 00:31:20,440 buy. I don't know if we know the 545 00:31:20,440 --> 00:31:24,920 average price, but but they now hold 425,000,000 in each. 546 00:31:25,600 --> 00:31:31,680 They're trading at a 40% premium, maybe 50%. 547 00:31:34,120 --> 00:31:38,040 At some point it it becomes interesting, especially if you 548 00:31:38,040 --> 00:31:40,360 think they're going to, if they're going to go down a micro 549 00:31:40,360 --> 00:31:44,840 strategy path and look to to build out their their treasury a 550 00:31:44,840 --> 00:31:47,640 lot more. Though I do agree with manual 551 00:31:47,640 --> 00:31:51,560 sentiment that why are they doing things this way. 552 00:31:51,560 --> 00:31:54,640 Perhaps if there's if they do have these longer term plans. 553 00:31:54,920 --> 00:31:57,680 The other caveat is just because the investors did sign up for 554 00:31:57,680 --> 00:31:59,080 the one month doesn't necessarily mean they're all 555 00:31:59,080 --> 00:32:00,760 going to sell. Perhaps it was for flexibility, 556 00:32:01,160 --> 00:32:03,640 I don't know. I am curious if Uber or others 557 00:32:03,640 --> 00:32:05,600 are going to come out and make some kind of announcement to to 558 00:32:05,600 --> 00:32:07,760 clear some of this up. He did, he said. 559 00:32:07,880 --> 00:32:09,960 He said that we're not we're not planning on selling. 560 00:32:10,400 --> 00:32:12,600 And he said that no one, no one at the Ethereum Foundation. 561 00:32:12,600 --> 00:32:16,000 Is Joe doesn't sell, by the way, like Joe Lubin just for the 562 00:32:16,000 --> 00:32:18,320 people like because I know sometimes people think like, oh, 563 00:32:18,320 --> 00:32:20,560 Ethereum Foundation, if these founders are dumping it on you 564 00:32:20,560 --> 00:32:23,200 or whatever. Joe Lubin does not sell shit. 565 00:32:24,400 --> 00:32:25,840 Just FYI. I'm just going to put it out 566 00:32:25,840 --> 00:32:28,600 there because I really, really like this person and I know that 567 00:32:28,600 --> 00:32:31,520 for a fact, but go ahead. But when you hear about these 568 00:32:31,520 --> 00:32:33,600 sort of deals going around, there's people making money off 569 00:32:33,600 --> 00:32:34,880 this. This is the exact deal that 570 00:32:34,880 --> 00:32:38,880 they've been offered to be clear, Hey, give us some money 571 00:32:39,440 --> 00:32:42,440 for a share sale where we're going to buy some crypto for 572 00:32:42,440 --> 00:32:46,240 this dead company and you'll get to you know, there's a lock up, 573 00:32:46,280 --> 00:32:49,200 but you'll get to sell your shares at X point in the future. 574 00:32:49,400 --> 00:32:53,080 That is a that is a common trashy of a lot of these deals. 575 00:32:53,560 --> 00:32:56,880 So I I think it's worth noting that this isn't the last time 576 00:32:56,880 --> 00:33:01,720 we'll hear about it and it's definitely not uncommon for what 577 00:33:01,960 --> 00:33:03,600 we've just seen from some of these strategies. 578 00:33:03,600 --> 00:33:08,880 But I do think that it's just because it, it was pitch is this 579 00:33:08,880 --> 00:33:12,040 micro strategy rather than a we're going to make a quick 580 00:33:12,040 --> 00:33:15,480 buck. I think it basically backfired 581 00:33:15,480 --> 00:33:18,320 on, on, on mainly on Joe, I think more than anything, right. 582 00:33:20,240 --> 00:33:23,280 But maybe maybe there was some short sightedness in, in what 583 00:33:23,280 --> 00:33:26,160 other like the investors they got in how the actual raise was 584 00:33:26,160 --> 00:33:28,800 done, all this sort of stuff. Because although he might not 585 00:33:28,800 --> 00:33:32,600 sell, like if they've raised 400 million from a bunch of people 586 00:33:32,600 --> 00:33:35,640 who were told that you can sell it after a month and the stock 587 00:33:35,640 --> 00:33:42,000 is up untold amounts, right? It's not like really pretty a 588 00:33:42,000 --> 00:33:44,000 lot. Then they're going to sell. 589 00:33:46,040 --> 00:33:48,600 Yeah, I mean, the market's not rebounding, right? 590 00:33:48,600 --> 00:33:51,480 So it's not like it's totally overblown. 591 00:33:51,800 --> 00:33:54,720 Fuck, it's still downstairs. Is this a buy here? 592 00:33:54,720 --> 00:33:57,360 Like I don't buy stocks, but for people who do, like this thing 593 00:33:57,360 --> 00:33:59,800 went to $140. Everybody's like, I wish I 594 00:33:59,800 --> 00:34:02,720 bought at forty, $5070. Everybody wish I bought. 595 00:34:03,040 --> 00:34:04,840 You're getting this thing $10 now. 596 00:34:06,200 --> 00:34:09,199 Is this if this is a micro strategy of Ethereum led by 597 00:34:09,199 --> 00:34:11,320 Consensus Chairman of the board Joe Newman? 598 00:34:12,600 --> 00:34:15,040 Is this a buy here into? Should we ask strategy? 599 00:34:15,040 --> 00:34:19,760 PTI. Don't know where the last, the 600 00:34:19,760 --> 00:34:23,840 last share sale was done. Like I, I think someone said it 601 00:34:23,840 --> 00:34:29,040 was like much, much lower than this, like less than $1.00, like 602 00:34:29,199 --> 00:34:34,920 maybe even less than like $0.10. So everyone's still up, like so 603 00:34:34,920 --> 00:34:39,960 much. It's difficult to know like 604 00:34:39,960 --> 00:34:41,600 that. That's the thing to know. 605 00:34:41,600 --> 00:34:43,719 Like, how much is everyone else up on this trade? 606 00:34:46,360 --> 00:34:46,960 Yeah. Do you know? 607 00:34:49,400 --> 00:34:54,199 All right, let's let's talk to ChatGPT, because ChatGPT tends 608 00:34:54,199 --> 00:34:57,960 to know better than. Wiz posted about it yesterday, 609 00:34:57,960 --> 00:34:59,720 and he's been. Posted yeah, it was like 1 penny 610 00:34:59,720 --> 00:35:02,880 but but then Wiz came back on on Julie Bin's poetry and said what 611 00:35:02,880 --> 00:35:04,720 a great way to answer to these people hire. 612 00:35:04,960 --> 00:35:07,400 So I think we just. I'm very confused with reading 613 00:35:07,400 --> 00:35:11,760 Wiz lately. I don't know where where the 614 00:35:11,800 --> 00:35:14,320 share share was done, I didn't look to see the docs of it, but. 615 00:35:15,760 --> 00:35:18,000 Well, ChatGPT, hold on, is it a buy? 616 00:35:19,760 --> 00:35:24,040 Isn't it a buy? OK, I don't don't give me 617 00:35:25,520 --> 00:35:29,160 technicals. I want to know if it is a buy 618 00:35:29,160 --> 00:35:34,280 like we did with circle. If it is a buy, yes or no. 619 00:35:38,120 --> 00:35:45,040 Oh damn. Well, that GPT says no. 620 00:35:48,720 --> 00:35:53,480 The robot has spoken. Listen, I'm just asking 621 00:35:53,480 --> 00:35:56,640 questions to the AI. When we did it for Circle, it 622 00:35:56,640 --> 00:36:00,720 said buy in bold and we saw what happened. 623 00:36:01,400 --> 00:36:06,280 So now it says that we'll see, you know, yeah, we got to use 10 624 00:36:06,320 --> 00:36:09,200 viewers anyways. So yeah, good question, Tyler. 625 00:36:09,200 --> 00:36:11,200 Like what happens to the rest of these companies and stuff? 626 00:36:11,560 --> 00:36:13,240 We'll see. It seems like this was just a 627 00:36:13,240 --> 00:36:15,640 normal thing, like in the filings that the like Julie was 628 00:36:15,640 --> 00:36:17,240 spending. This is something you have to do 629 00:36:17,480 --> 00:36:19,360 when you're trading dealing with securities. 630 00:36:20,040 --> 00:36:22,920 I just think we're seeing this wave of like, oh, crypto, people 631 00:36:22,920 --> 00:36:26,080 are going to start buying stocks now and there's the sector of 632 00:36:26,080 --> 00:36:27,880 these corporate treasury companies that are publicly 633 00:36:27,880 --> 00:36:30,080 traded and a lot of them have gone parabolic. 634 00:36:31,000 --> 00:36:34,400 But I think it's just a good wake up call that that this 635 00:36:34,800 --> 00:36:37,160 can't happen, especially if they're if the they're trading 636 00:36:37,160 --> 00:36:40,040 at massive premiums to the whole needs. 637 00:36:41,760 --> 00:36:43,800 That's what I want to know. That's the exact thing I'd want 638 00:36:43,800 --> 00:36:45,560 to work out. Like what premium is it trading 639 00:36:45,560 --> 00:36:49,840 to its holding and what level was the last share sale done it 640 00:36:49,880 --> 00:36:51,240 once. That's how you can work out with 641 00:36:51,240 --> 00:36:53,280 the barn. And I I I just haven't had the 642 00:36:53,280 --> 00:36:57,680 time to look at the stock. But I, yeah, the annoying thing 643 00:36:57,680 --> 00:37:01,440 is honestly, it's just that this was the first one and you you 644 00:37:01,440 --> 00:37:04,200 really can set a marker by doing it right? 645 00:37:04,720 --> 00:37:06,840 So I just think that this is a shot in the foot. 646 00:37:06,840 --> 00:37:10,760 Like I you want to create momentum, you know, you want to 647 00:37:10,760 --> 00:37:13,000 be like, OK, well then somebody else is going to do E treasury, 648 00:37:13,000 --> 00:37:14,920 somebody else is going to do 1. And like, this is a really good 649 00:37:14,920 --> 00:37:17,520 move. Now I don't know like because of 650 00:37:17,520 --> 00:37:21,520 the price action, it kind of feels as though that may have 651 00:37:22,800 --> 00:37:24,720 may have made that a little bit less likely. 652 00:37:24,720 --> 00:37:26,280 Now I. Agree. 653 00:37:27,320 --> 00:37:28,640 Yeah. All right. 654 00:37:28,960 --> 00:37:31,360 Well. That's, but Mana, we got to 655 00:37:31,360 --> 00:37:34,200 throw another corporate treasury onto your evaluation sheet and 656 00:37:34,200 --> 00:37:36,320 that's DFTV. So we got to quickly talk about 657 00:37:36,320 --> 00:37:40,360 this and this is a blockbuster headline and perhaps marketing 658 00:37:40,360 --> 00:37:43,000 stunt and, and we'll be able to hear from the team next week. 659 00:37:43,000 --> 00:37:46,640 So they entered an agreement, this is D5 Development Court, 660 00:37:46,720 --> 00:37:52,720 DFTB to for a $5 billion equity line of credit and they're going 661 00:37:52,720 --> 00:37:54,680 to use proceeds from the issuance and sale of their 662 00:37:54,680 --> 00:38:00,560 common shares here to buy. We lost them. 663 00:38:02,240 --> 00:38:07,200 A million and a billion is what they've signed up to to buy and 664 00:38:07,200 --> 00:38:10,480 Seoul over time. Now they've got new access to 665 00:38:10,480 --> 00:38:13,800 capital potentially to go up to 5 billion and they acknowledge 666 00:38:13,800 --> 00:38:15,320 that this is to give them flexibility. 667 00:38:15,320 --> 00:38:18,200 They're not going to do 1 clip into Seoul here. 668 00:38:18,640 --> 00:38:21,040 They're saying they're going to do it gradually and and when it 669 00:38:21,040 --> 00:38:23,920 aligns with their goals. So that I think they're going to 670 00:38:23,920 --> 00:38:26,080 be deliberate and smart about it. 671 00:38:27,040 --> 00:38:29,280 They also have been coining this tagline, which I liked. 672 00:38:29,960 --> 00:38:31,080 You know, I'll just read this direct quote. 673 00:38:31,080 --> 00:38:33,400 What we can say is that our goal is not to raise for the sake of 674 00:38:33,400 --> 00:38:34,840 it. It's to raise only when it 675 00:38:34,840 --> 00:38:39,120 compounds long term soul per share so that this soul per 676 00:38:39,120 --> 00:38:41,400 share is their is their North star. 677 00:38:43,320 --> 00:38:44,760 All right. So since establishing their 678 00:38:44,760 --> 00:38:47,080 treasury, they've already amassed $100 million worth of 679 00:38:47,080 --> 00:38:48,680 sole so far. So they've already they've 680 00:38:49,040 --> 00:38:50,880 already built up 100 million quite a bit. 681 00:38:51,600 --> 00:38:55,280 The company is trading at $26 right in their stock that's 682 00:38:55,280 --> 00:38:58,440 387,000,000 market cap. So they're trading on at about 683 00:38:58,440 --> 00:39:02,880 four X current holdings. But now we know they have access 684 00:39:02,880 --> 00:39:07,040 to capital to get up to potentially up to 5 billion. 685 00:39:07,720 --> 00:39:10,160 And I think you got to put an asterisk on it for right now, 686 00:39:10,440 --> 00:39:12,040 right? Like is a, is a company that's 687 00:39:12,040 --> 00:39:15,920 valued at 400 million truly going to be able to get access 688 00:39:15,920 --> 00:39:18,240 to get 5 billion in the near term future? 689 00:39:18,320 --> 00:39:20,240 I mean that that does feel like a stretch. 690 00:39:23,160 --> 00:39:25,160 Who is giving them this line? That's what I didn't really 691 00:39:25,160 --> 00:39:28,320 understand. Do we know like the big? 692 00:39:28,520 --> 00:39:34,040 Details Arcade Capital. RK Capital is giving them a $5 693 00:39:34,040 --> 00:39:37,960 billion. And RK is a DFTV partner and a 694 00:39:37,960 --> 00:39:41,160 piping minister. OK. 695 00:39:42,040 --> 00:39:46,720 I have no idea who that is. RK Capital has five billion, $5 696 00:39:46,720 --> 00:39:49,560 billion. Like who are this? 697 00:39:50,160 --> 00:39:55,480 Small loan of $5 billion. I mean, it's not absolutely 698 00:39:55,480 --> 00:39:59,760 insane, but like it does feel like someone that you may have 699 00:39:59,760 --> 00:40:06,120 would have heard of before. What's insane is the imbalance. 700 00:40:06,120 --> 00:40:11,160 So I mean 55 billion if you look at FTV terms is the equivalent 701 00:40:11,160 --> 00:40:13,640 of Sailor raising at 100 billion for Bitcoin. 702 00:40:14,680 --> 00:40:16,560 Yeah. That's what I mean, it's, it's 703 00:40:16,560 --> 00:40:18,160 very big versus the current market cap. 704 00:40:18,280 --> 00:40:23,320 So but I guess an equity credit line, I think it's just a line 705 00:40:23,320 --> 00:40:27,800 where you can draw equity at certain moments. 706 00:40:28,400 --> 00:40:32,680 So maybe they just feel as though they won't necessarily 707 00:40:32,680 --> 00:40:35,680 just automatically do it, but it's more like we'll be dip 708 00:40:35,680 --> 00:40:41,440 buyers basically. Yeah, it's it's a pretty big bet 709 00:40:41,440 --> 00:40:43,920 on sold by the investor as well. That's basically what I'm 710 00:40:43,920 --> 00:40:45,560 saying. Like this company could just go 711 00:40:45,560 --> 00:40:51,040 out there and buy Solana and it's decided to do this, which 712 00:40:51,040 --> 00:40:55,280 is no doubt going to be a more liquid way of putting 5 billion 713 00:40:55,280 --> 00:41:00,400 of Solana in the market. Maybe some hope for, for S bet 714 00:41:00,400 --> 00:41:02,360 holders out there. I'm looking at the, the chart of 715 00:41:02,360 --> 00:41:05,040 DFDV. It had previously peaked around 716 00:41:05,040 --> 00:41:11,160 36, fell all the way to 14. So that's a 60% draw down and 717 00:41:11,160 --> 00:41:12,880 spiked all the way back to 32 yesterday. 718 00:41:12,880 --> 00:41:17,400 Now it's at 26. So they've been able to, they 719 00:41:17,400 --> 00:41:20,440 had the big run up, big draw down and now I've been able to 720 00:41:20,440 --> 00:41:22,560 recover from that with a, with a future announcement. 721 00:41:22,560 --> 00:41:26,440 So perhaps the S Bet crew will be able to pull that off as 722 00:41:26,440 --> 00:41:28,920 well. Aspect's best thing to do right 723 00:41:28,920 --> 00:41:31,960 now is to announce exactly what they just did, just did some 724 00:41:31,960 --> 00:41:35,080 form of we're going to buy more ETH, not we're going to sell 725 00:41:35,400 --> 00:41:36,880 Chambers, right? They're going to do it for sure. 726 00:41:36,880 --> 00:41:39,480 They're not stupid like they're they're going to get, yeah. 727 00:41:40,280 --> 00:41:44,080 But I maybe they need you see have a difference in those two 728 00:41:44,080 --> 00:41:46,320 people that were raised from it feels as though aspect probably 729 00:41:46,320 --> 00:41:47,960 raised from a ton of people who said, hey, you're going to make 730 00:41:47,960 --> 00:41:50,600 money in a month. And these guys DFI development 731 00:41:50,600 --> 00:41:56,560 court have raised from what looks to be like a mid tier BC 732 00:41:56,560 --> 00:42:01,000 firm who said here's a, here's a, here's a line of credit, 733 00:42:01,000 --> 00:42:02,840 basically here's a line of equity credit. 734 00:42:02,840 --> 00:42:05,560 I don't know what that necessarily means. 735 00:42:05,560 --> 00:42:10,040 But yeah, it feels like they have a, it's a different sort of 736 00:42:10,040 --> 00:42:14,440 buyer there. Much better. 737 00:42:14,920 --> 00:42:17,960 Solana buyer is much better. But they're coming on next week, 738 00:42:17,960 --> 00:42:20,560 right on the show. Trying to get them lined up. 739 00:42:20,600 --> 00:42:21,520 Yep. Let's go. 740 00:42:22,160 --> 00:42:24,400 I I need to talk to them. Are they interested in Fartcoin? 741 00:42:25,280 --> 00:42:27,520 We'll be talking about that. Oh yeah, we're gonna be talking 742 00:42:27,520 --> 00:42:30,040 about FAR, because out of $5 billion they could put like 100 743 00:42:30,040 --> 00:42:32,200 million FAR coin and they'll make a lot of fucking money.