1 00:00:00,040 --> 00:00:01,680 Yo-yo, yo, what up? What up? 2 00:00:01,680 --> 00:00:11,280 Good morning, good morning. GMGM Wednesday most uses day of 3 00:00:11,280 --> 00:00:18,480 the week March 12th. Sorry Wednesday, Adam 2025. 4 00:00:18,480 --> 00:00:20,520 Look at that. Another beautiful day to have. 5 00:00:20,520 --> 00:00:25,800 A beautiful day, but at least it was starting to be. 6 00:00:25,800 --> 00:00:30,880 And then Canada said fuck you, but my car's in the house. 7 00:00:31,800 --> 00:00:35,360 Tyler Logan, good morning. How you doing today? 8 00:00:36,160 --> 00:00:38,520 I'm good. I'm I continue to be surprised 9 00:00:38,520 --> 00:00:40,880 by your hatred for Wednesday. I feel like Wednesday is 10 00:00:40,880 --> 00:00:45,560 actually like a typically like a really big day for us. 11 00:00:45,560 --> 00:00:48,240 Like we have like the CPI Prince always coming on Wednesday. 12 00:00:48,240 --> 00:00:51,760 I feel like Wednesday is like the pivot day of the week where 13 00:00:51,760 --> 00:00:55,240 we get like the news which is going to dictate what happens 14 00:00:55,240 --> 00:00:57,200 for the second-half of the week. So I don't know I. 15 00:00:57,840 --> 00:00:59,800 Always, I think, I think Thursday is that day. 16 00:01:00,200 --> 00:01:02,960 Like you're right, the news cycle is Wednesday, like fat, 17 00:01:02,960 --> 00:01:05,560 like FOMC, usually all that stuff. 18 00:01:06,400 --> 00:01:08,040 But Thursday, I don't know, turn it on Thursday. 19 00:01:08,040 --> 00:01:10,640 You know what? I just because like Monday, I 20 00:01:10,640 --> 00:01:14,520 like, because Monday I wake up and it's chaos and I love the 21 00:01:14,520 --> 00:01:17,080 smell of napalm in the morning, you know, like there's nothing 22 00:01:17,080 --> 00:01:21,720 like that like waking up and, and, and having to, to answer to 23 00:01:21,720 --> 00:01:24,080 500 people at like 8:00 in the morning. 24 00:01:24,640 --> 00:01:26,280 And then Tuesday's like you're still going. 25 00:01:26,280 --> 00:01:27,400 But the Wednesday like, OK, fine. 26 00:01:27,400 --> 00:01:28,960 Like bring me Thursday and Friday already. 27 00:01:29,320 --> 00:01:31,480 I don't know. I, I, I, yeah, maybe I need to 28 00:01:31,480 --> 00:01:33,840 stop, stop paying on Wednesday and we'll have better 29 00:01:33,840 --> 00:01:35,440 Wednesdays. I don't know, maybe that's the 30 00:01:35,440 --> 00:01:36,920 fine. We got a good print this morning 31 00:01:36,920 --> 00:01:39,160 and then we're already dumping. So it's also part of this 32 00:01:39,160 --> 00:01:41,840 market. But you know what, we will get 33 00:01:41,840 --> 00:01:44,440 above that as well. But maybe, yeah, maybe I need to 34 00:01:44,440 --> 00:01:48,000 have AI, need to have ChatGPT. Why I don't like Wednesday so 35 00:01:48,000 --> 00:01:51,120 much. Yeah, it's a weird day. 36 00:01:51,560 --> 00:01:54,720 Also, it's like, do I even for my workouts like Monday, I work 37 00:01:54,720 --> 00:01:56,760 on Sunday, Monday, Tuesday, but that's Wednesday off. 38 00:01:56,760 --> 00:01:58,240 And what am I supposed to anyways? 39 00:01:58,640 --> 00:02:03,920 Logan, what up, man? I'm pretty neutral on 40 00:02:03,920 --> 00:02:07,800 Wednesdays. I like that it's Wednesday my 41 00:02:07,800 --> 00:02:09,160 dudes. Frog meme. 42 00:02:09,160 --> 00:02:12,720 I don't know if you guys know that one or not, but yeah, 43 00:02:12,720 --> 00:02:16,080 everything is, is fine here. No sunshine today, which I guess 44 00:02:16,080 --> 00:02:19,280 the market is reflecting a little bit at just this point in 45 00:02:19,280 --> 00:02:21,800 time, but temperatures are still pretty good here. 46 00:02:22,120 --> 00:02:24,440 So it's it's really difficult to find too much to complain about. 47 00:02:25,160 --> 00:02:28,320 I asked ChatGPT Yeah. I mean, there is sunshine here 48 00:02:28,320 --> 00:02:28,880 today. Finally. 49 00:02:28,880 --> 00:02:31,560 It's actually warmer. I guess we got the Chicago heat, 50 00:02:32,240 --> 00:02:36,400 but but we're getting this. ChatGPT, Why do I dislike 51 00:02:36,400 --> 00:02:38,560 Wednesday so much? It's interesting. 52 00:02:38,560 --> 00:02:42,160 You just like Wednesday. That's so funny. 53 00:02:42,480 --> 00:02:44,240 Midweek slump. What? 54 00:02:44,320 --> 00:02:44,720 See. Yeah. 55 00:02:44,720 --> 00:02:45,960 Well, hump day. Yeah, that's the thing, right? 56 00:02:45,960 --> 00:02:49,280 It's like in the middle. It's like, OK, well, lack of 57 00:02:49,280 --> 00:02:50,920 progress. Sometimes Wednesday feels like 58 00:02:50,920 --> 00:02:54,320 this week is in progress and quickly enough, and it feels far 59 00:02:54,320 --> 00:02:54,920 away. OK, cool. 60 00:02:54,920 --> 00:02:57,040 I mean, I don't work for weekends, but yeah, it could be 61 00:02:57,040 --> 00:02:58,000 it. It could be it. 62 00:02:58,160 --> 00:03:00,040 Routine burnout. If your week follows a pretty 63 00:03:00,040 --> 00:03:01,920 repairive routine, Wednesdays might feel like a reminder that 64 00:03:01,920 --> 00:03:04,680 you're still in the thick of it. Ah, that could be it. 65 00:03:05,760 --> 00:03:07,360 It's like you're still in the thick of it, you know? 66 00:03:08,240 --> 00:03:10,000 It's like, damn. Like, OK, I'm in the middle. 67 00:03:10,000 --> 00:03:15,240 Of it all, that could be it, that could, that could be it, 68 00:03:15,240 --> 00:03:19,960 the midweek, the midweek Blues. Anyways, anyways, today on the 69 00:03:19,960 --> 00:03:25,760 show today, today market report, we'll talk about this top 1000. 70 00:03:25,760 --> 00:03:27,320 We got a lot to talk about. We do with CPI print. 71 00:03:27,320 --> 00:03:30,000 We got the market that pumped and immediately started to dump 72 00:03:30,520 --> 00:03:35,720 some thoughts on the market. We got to talk about the weekly 73 00:03:35,720 --> 00:03:38,000 running, not even daily running it's monthly runner. 74 00:03:38,840 --> 00:03:41,880 Tyler needs to Tyler needs to let it off his chest. 75 00:03:42,000 --> 00:03:44,640 OK, he wants to do a 10 minute segment on on please. 76 00:03:44,640 --> 00:03:48,120 So we're going to have to do that and he has a thesis to 77 00:03:48,120 --> 00:03:50,160 share with you. I hope you guys are ready sit 78 00:03:50,160 --> 00:03:54,640 tight and then and then no gas, but robot spins. 79 00:03:54,640 --> 00:03:58,480 So hopefully someone wins a crypto punk today on the show or 80 00:03:58,480 --> 00:04:01,480 maybe I'll I'll fuck around. I have to I have to make the 81 00:04:01,480 --> 00:04:03,000 spin. I'll try and put maybe some some 82 00:04:03,000 --> 00:04:05,800 fun stuff in there. And last but not least, this 83 00:04:05,800 --> 00:04:09,480 show is powered by power by power galaxies. 84 00:04:09,480 --> 00:04:11,640 Galaxies, the Web 3 platform empowering creators and brands 85 00:04:11,640 --> 00:04:13,680 to build unstoppable communities with full ownership and 86 00:04:13,680 --> 00:04:15,600 independence. Trusted by icons like Donald 87 00:04:15,600 --> 00:04:19,399 Trump, Steve Aoki, Mike Tyson and the NBA, shaping the few 88 00:04:19,399 --> 00:04:22,200 together together, the future of engagements we have ABA. 89 00:04:22,480 --> 00:04:24,280 I'm watching this awesome show on Netflix guys. 90 00:04:24,280 --> 00:04:30,120 You guys should watch it babe. What is the show called Running 91 00:04:30,120 --> 00:04:31,440 point? Good that neither of you know 92 00:04:31,440 --> 00:04:33,960 the name of the show. But it's amazing. 93 00:04:33,960 --> 00:04:37,040 Like if I could, I would stay up all night. 94 00:04:37,160 --> 00:04:40,160 It's called the running point. It's with Kit Hudson and it's 95 00:04:40,160 --> 00:04:42,560 about this like rich family that dad dies. 96 00:04:42,560 --> 00:04:46,960 They own an NBA team in LA, But then the the sister is takes 97 00:04:46,960 --> 00:04:48,720 over as president and nobody believes in her. 98 00:04:48,760 --> 00:04:52,200 She's a female, but she cooks and it's amazing. 99 00:04:52,200 --> 00:04:53,600 It's feel good. 20 minute episodes. 100 00:04:53,840 --> 00:04:55,400 Highly recommend. That was Speaking of the NBA 101 00:04:55,400 --> 00:04:58,560 because the Galaxy shot the Galaxy, but also also we're also 102 00:04:58,560 --> 00:05:01,040 sponsored by wallet connect Wallet Connect is the 103 00:05:01,040 --> 00:05:04,320 connectivity network that was funny shaping the future of 104 00:05:04,320 --> 00:05:06,320 unseen UX. If you've connected to Web 3 105 00:05:06,320 --> 00:05:09,120 app, you've seen wallet connect. That blue logo, it's everywhere 106 00:05:09,280 --> 00:05:11,920 and I couldn't have trust in crypto as recognizable as Visa 107 00:05:11,920 --> 00:05:15,040 as check out. Want to learn more follow Wallet 108 00:05:15,040 --> 00:05:19,720 Connect on X and Telegram to stay ahead of what's next. 109 00:05:19,800 --> 00:05:28,080 Tyler, you tell me what's next? All. 110 00:05:34,520 --> 00:05:36,800 Right, top story. CPI came in, folks. 111 00:05:36,800 --> 00:05:39,120 Inflation in the United States is going down. 112 00:05:39,120 --> 00:05:41,440 The numbers came in under expectation. 113 00:05:41,800 --> 00:05:46,400 Crypto stocks briefly rallied on the news but are actively 114 00:05:46,400 --> 00:05:47,800 reversing. You hate to see it. 115 00:05:48,120 --> 00:05:51,720 We did see some big action, all folks, Pie up 20%. 116 00:05:51,720 --> 00:05:54,880 Ron and Tia up 15% on the day. So there's a big movement in 117 00:05:54,880 --> 00:05:57,720 all. There is a very interesting 118 00:05:57,720 --> 00:05:59,600 situation that played out on Hyper Liquid. 119 00:05:59,600 --> 00:06:01,760 We'll have to dive into this. It looks like Hyper Liquid was 120 00:06:01,760 --> 00:06:06,520 hit with a $4 million loss after a $200 million whale each 121 00:06:07,680 --> 00:06:10,160 unwinded. So that cost some attention on 122 00:06:10,160 --> 00:06:13,440 the timeline. In macro news, looks like no 123 00:06:13,440 --> 00:06:15,840 more White House crypto summits. One time thing. 124 00:06:15,840 --> 00:06:18,080 Future summits will be smaller and more focused. 125 00:06:18,160 --> 00:06:21,440 According to Bo Hines. We saw the House Financial 126 00:06:21,440 --> 00:06:23,880 Services Committee, they're officially discussing stable 127 00:06:23,880 --> 00:06:27,320 coin regulation, reviewing bills like stable and Genius X. 128 00:06:27,320 --> 00:06:31,840 So those are live under review. The SEC did delay its decisions 129 00:06:31,840 --> 00:06:36,000 on XRP, Solana and Cardano ETFs. It looks like those might be 130 00:06:36,000 --> 00:06:38,000 closer to the October time frame. 131 00:06:38,400 --> 00:06:41,600 At this point. We saw Coinbase launched crypto 132 00:06:41,600 --> 00:06:44,920 trading in India, a big launch for them. 133 00:06:45,600 --> 00:06:47,760 Second big or biggest country in the world? 134 00:06:48,120 --> 00:06:49,640 It's a yeah, it's a huge market, right? 135 00:06:50,080 --> 00:06:53,160 Yeah, it's essentially very big. Fidelity filed for an ETH 136 00:06:53,160 --> 00:06:54,920 staking ETF. We talked to you yesterday. 137 00:06:54,920 --> 00:06:58,680 Bitwise debuted that new ETF, which follows 21 companies 138 00:06:58,680 --> 00:07:01,480 holding Bitcoin. Cantor Fitzgerald announced it 139 00:07:01,480 --> 00:07:03,960 will utilize Anchorage Digital for its Bitcoin finance 140 00:07:03,960 --> 00:07:07,040 business, $2 billion in additional financing 141 00:07:07,040 --> 00:07:10,160 anticipated. Texas is back reintroduced its 142 00:07:10,160 --> 00:07:15,240 second crypto reserve bill, this one proposing up to $250 million 143 00:07:15,640 --> 00:07:19,240 in buying a Bitcoin and crypto. So that first bill just opens 144 00:07:19,240 --> 00:07:22,120 the door for this. This is the one that actually 145 00:07:22,120 --> 00:07:26,240 would dictate actual buying. So this one is bigger from a 146 00:07:26,240 --> 00:07:29,120 purchase standpoint. And then our friend Logan, a new 147 00:07:29,120 --> 00:07:33,720 report he wrote about this Geo blocking cost US users billions 148 00:07:33,720 --> 00:07:36,680 of dollars in crypto airdrops. So we're gonna have to dive into 149 00:07:36,680 --> 00:07:38,800 that. In token and protocol news, 150 00:07:38,800 --> 00:07:41,960 Pudgy Penguin's partner with Shopify Pay and Helio to enable 151 00:07:41,960 --> 00:07:45,080 paying with Pingu on the official Pudgy Penguin store 152 00:07:45,080 --> 00:07:47,640 along with thousands of other Shopify stores. 153 00:07:48,200 --> 00:07:50,880 Wintermute create a Wildcat V2 market. 154 00:07:50,880 --> 00:07:53,200 They're seeking $75 million in public credit. 155 00:07:53,720 --> 00:07:57,360 The offering APR is on USDC, wheat and and Bitcoin. 156 00:07:58,200 --> 00:08:01,560 Kaido released real time data API to be used by their 157 00:08:01,560 --> 00:08:05,600 applications and Mesh raised $82 million in the series. 158 00:08:05,600 --> 00:08:08,680 Be led by Paradigm as they look to expand their stable coin 159 00:08:08,680 --> 00:08:12,800 payments globally, rounding up the rest of the headlines across 160 00:08:13,040 --> 00:08:18,240 AI and memes like the headline in AI Binance delisting several 161 00:08:18,240 --> 00:08:20,560 base AI tokens. Really. 162 00:08:20,920 --> 00:08:26,560 I and Invader kind of In a broader sign of market decline. 163 00:08:26,920 --> 00:08:30,320 Memes were mostly green. Sailor was the overnight runner. 164 00:08:30,320 --> 00:08:33,159 I missed this one. Soared 31,000%. 165 00:08:33,159 --> 00:08:35,080 Hit $10 million. Please. 166 00:08:36,000 --> 00:08:38,080 Arguably the biggest winner though on the day up 100%. 167 00:08:38,600 --> 00:08:40,760 It's all hit 44 million right ahead of the show. 168 00:08:40,760 --> 00:08:45,080 And then DRB from Grok continues to lead action on base. 169 00:08:45,080 --> 00:08:48,400 It was up 30% to 34 million this morning as well. 170 00:08:48,560 --> 00:08:51,000 And NFTSI think we broke the news yesterday, but Tapper 171 00:08:51,000 --> 00:08:53,320 Wizards announced their upcoming Ordinals meant it's going to be 172 00:08:53,320 --> 00:09:00,640 priced at 0.2 Bitcoin, not a cheap price tag. 2121 in supply 173 00:09:01,320 --> 00:09:04,720 that is our. Wow, they're cooking. 174 00:09:04,720 --> 00:09:06,640 Wow. There's a lot to take to take in 175 00:09:06,640 --> 00:09:08,160 here. Let's quickly talk about CPI, if 176 00:09:08,160 --> 00:09:10,440 you could. If you want to explain those, 177 00:09:10,440 --> 00:09:13,720 those figures for the rest of us, I just see a bunch of 178 00:09:13,720 --> 00:09:15,560 numbers on the board. I'm like, what the hell does 179 00:09:15,600 --> 00:09:18,800 that mean? So apparently it came in good. 180 00:09:19,320 --> 00:09:23,160 Yeah, the headline was USCPI came in at 2.8%. 181 00:09:23,160 --> 00:09:28,840 Year over year estimates were 2.9 and then core CPI at 3.1%. 182 00:09:28,840 --> 00:09:31,160 Year over year estimates were 3.2. 183 00:09:31,160 --> 00:09:35,600 So still pretty close to in line, but but coming in under I 184 00:09:35,600 --> 00:09:39,200 think, you know, stepping back what that means is we're 185 00:09:39,200 --> 00:09:44,800 inflating at 2.8% looking at this one core metric year over 186 00:09:44,800 --> 00:09:46,480 year. And I think what Powell's target 187 00:09:46,480 --> 00:09:49,480 is 2%. So what we're making pretty 188 00:09:49,480 --> 00:09:53,240 significant progress to get down to that number. 189 00:09:54,040 --> 00:09:59,520 So the good cost of goods is maybe not going down, but 190 00:09:59,520 --> 00:10:02,440 they're not, it's not increasing as fast as it was. 191 00:10:02,440 --> 00:10:04,240 So you go to the store, you go to pay for gas. 192 00:10:04,240 --> 00:10:06,120 Then we talked about this on the on the show yesterday when we 193 00:10:06,120 --> 00:10:08,440 nailed this. Turns out gas prices are at a 194 00:10:08,440 --> 00:10:12,000 four year low in the US right now. 195 00:10:12,280 --> 00:10:14,040 Wow. So like that, that is 196 00:10:14,040 --> 00:10:21,080 significant and prices starting to come down is one of the 197 00:10:21,240 --> 00:10:24,920 impacts of of Trump policies that are being put in place 198 00:10:25,040 --> 00:10:30,800 right now that that is what will enable how to cut rates and 199 00:10:30,800 --> 00:10:34,200 drive rates down, which is clearly what Besant and Trump 200 00:10:34,200 --> 00:10:36,280 are trying to do in the market right now. 201 00:10:36,280 --> 00:10:39,680 So progress is being made. What we wanted to fade was a 202 00:10:39,680 --> 00:10:44,560 surprise CPI hot print. And I think still the concern 203 00:10:44,560 --> 00:10:48,640 over tariffs is that they will drive inflation up. 204 00:10:50,160 --> 00:10:54,040 This tariff game, it seems like it takes more curves and twists 205 00:10:54,040 --> 00:10:55,320 every day. Like yesterday. 206 00:10:55,520 --> 00:10:58,320 It looks like Trump was maybe going to walk some of it back 207 00:10:59,120 --> 00:11:00,400 now. I missed the headline this 208 00:11:00,400 --> 00:11:01,360 morning. Folk, you were talking. 209 00:11:01,360 --> 00:11:04,080 About yeah, because it happened like 5 minutes, 5 seconds before 210 00:11:04,080 --> 00:11:07,040 I launched the show, yeah. Yeah, so, So what was that one? 211 00:11:07,960 --> 00:11:13,920 That Canada is gonna impose retaliatory is that you said 212 00:11:13,920 --> 00:11:18,920 retaliatory tariffs on the USA, 25% on aluminum and steel. 213 00:11:18,920 --> 00:11:20,840 It's about on $30 billion worth of goods. 214 00:11:20,840 --> 00:11:23,480 Actually, let me get you the actual headline. 215 00:11:23,480 --> 00:11:27,040 The headline reads. The headline reads Cut down so 216 00:11:27,040 --> 00:11:29,960 many posts. Canada announces 25% reciprocal 217 00:11:29,960 --> 00:11:33,680 tariffs on $29.8 billion of United States imports, including 218 00:11:33,680 --> 00:11:36,120 steel and aluminum. The tariffs take effect 219 00:11:36,120 --> 00:11:38,800 tomorrow. So tariffs are coming. 220 00:11:38,800 --> 00:11:41,560 It's like it's hard to get too excited about inflation coming 221 00:11:41,560 --> 00:11:44,480 down until we see the impacts of these tariffs. 222 00:11:44,480 --> 00:11:47,760 And they talked about selling foreign, someone just mentioned, 223 00:11:47,760 --> 00:11:51,200 but I saw that too. They talk about selling $400,000 224 00:11:51,280 --> 00:11:54,160 billion dollars, $400 billion worth of US bonds as well. 225 00:11:55,520 --> 00:11:57,600 They talked about it doesn't mean they're going to do it, but 226 00:11:57,600 --> 00:12:01,840 they definitely. Keep happening, stock market 227 00:12:02,240 --> 00:12:05,920 opened up green and then it it is reversing. 228 00:12:05,920 --> 00:12:10,680 I see the S&P up about 0.4% somewhat notably talked about 229 00:12:10,680 --> 00:12:14,840 this yesterday. So like the mag 7 is down 20% 230 00:12:14,920 --> 00:12:17,720 from peak. NVIDIA and Tesla were up quite a 231 00:12:17,720 --> 00:12:20,440 bit ahead of the show. They were up about 6 to 8%. 232 00:12:20,440 --> 00:12:24,000 So so they are outperforming yes and P they're outperforming 233 00:12:24,000 --> 00:12:26,760 crypto majors as well. Taking a look at Bitcoin, 234 00:12:26,760 --> 00:12:29,800 bitcoins up 2 1/2 percent but giving back gains. 235 00:12:29,800 --> 00:12:34,280 So Bitcoin did hit 84 K right on the back of that CPI. 236 00:12:34,280 --> 00:12:37,600 Everyone went Max long. Those Max longs are are actively 237 00:12:37,600 --> 00:12:41,880 getting wiped out. Basically even on the day at 238 00:12:41,880 --> 00:12:47,640 1885 hard coin to pump slom at 125, up 3%. 239 00:12:49,880 --> 00:12:54,200 So it looks like the chop and and downturn is going to 240 00:12:54,200 --> 00:12:56,360 continue. This soft CPI print wasn't 241 00:12:56,360 --> 00:12:57,520 enough. Yeah. 242 00:12:57,960 --> 00:13:00,880 To to really move that I don't think that's a large surprise. 243 00:13:00,880 --> 00:13:03,960 And then folk, I saw you, you shared some macro thoughts this. 244 00:13:04,000 --> 00:13:07,960 Morning. Yeah, just like I'm not an 245 00:13:07,960 --> 00:13:09,760 analyst, I'm not a trader like that. 246 00:13:10,080 --> 00:13:13,600 I just, but I do participate in the trade every day of my life 247 00:13:14,120 --> 00:13:16,960 since four years, right. And we do host this show since 3 248 00:13:16,960 --> 00:13:18,720 plus years. But I just read some thoughts 249 00:13:18,720 --> 00:13:20,960 from Ovian. I was looking at everything 250 00:13:20,960 --> 00:13:22,720 right now. It's just, it's just my gut 251 00:13:22,720 --> 00:13:23,760 feeling. I was talking about it with all 252 00:13:23,760 --> 00:13:25,160 being private. And he's like, yeah, I can't. 253 00:13:25,160 --> 00:13:26,520 I you're right. He kind of agrees with me. 254 00:13:26,520 --> 00:13:29,520 He's just saying, like, I, I'm looking at all this and 255 00:13:29,880 --> 00:13:31,560 obviously I'm looking at these charts every day. 256 00:13:32,360 --> 00:13:34,520 Don't mind the lines. Just my personal mental like 257 00:13:34,520 --> 00:13:36,280 don't, don't use these lines as your lines, please. 258 00:13:36,280 --> 00:13:38,400 I'm not a traitor. Like I don't do astrology. 259 00:13:39,160 --> 00:13:40,680 I, I, I actually, I'm waiting for the blood moon. 260 00:13:40,800 --> 00:13:43,800 I do real astrology. But, but basically, I, I, I, I, 261 00:13:43,800 --> 00:13:45,760 I look at everything. I just don't think there's been 262 00:13:45,760 --> 00:13:48,560 enough the pain slash like reset. 263 00:13:48,600 --> 00:13:51,240 Like a reset takes time. When was Libra? 264 00:13:51,240 --> 00:13:56,320 I was in Paris so it was exactly about a month ago right If I'm 265 00:13:56,320 --> 00:13:58,600 not mistaken. Not even by the way. 266 00:13:58,600 --> 00:13:59,840 No, it was doing my brothers birthday. 267 00:13:59,840 --> 00:14:01,560 It's February 20th so it's been 3 weeks. 268 00:14:03,040 --> 00:14:05,080 It's like a three-week reset, you know what I mean? 269 00:14:05,080 --> 00:14:07,720 So it's like it's not in terms of, I just say from a term of 270 00:14:07,720 --> 00:14:10,800 time and that the market needs to heal Yesterday Beanie post 271 00:14:10,800 --> 00:14:12,920 something about the Kelster ventures wallets cashed out a 272 00:14:12,920 --> 00:14:15,680 bunch of vaults and taking their money and how nothing's been 273 00:14:15,680 --> 00:14:16,840 done yet. Like nothing's been even done 274 00:14:16,840 --> 00:14:18,400 about this just yet. So I think about all these 275 00:14:18,400 --> 00:14:21,880 different things and I'm like, there needs to be a, a, a reset. 276 00:14:21,880 --> 00:14:23,400 And the reset is the healthiest thing, right? 277 00:14:23,400 --> 00:14:25,960 Just like in your personal life when you do a little health 278 00:14:25,960 --> 00:14:28,040 check and you, you know, I don't know, you're going to water fast 279 00:14:28,040 --> 00:14:29,680 some shit and you need to reset your body. 280 00:14:29,680 --> 00:14:31,000 Like, I don't know, like it takes some time. 281 00:14:31,440 --> 00:14:34,600 So that's how I see it. Also, Trump economics are 282 00:14:34,600 --> 00:14:37,000 volatile. So it's like the the way down is 283 00:14:37,000 --> 00:14:39,560 fast, the way up will probably be fast as well. 284 00:14:39,640 --> 00:14:42,320 You're never going to time it, which why people preach DCA, but 285 00:14:42,520 --> 00:14:44,360 you don't know when. So maybe one day in two months 286 00:14:44,360 --> 00:14:46,720 we'll wake up and we'll be pumping 10% per per major. 287 00:14:46,720 --> 00:14:49,080 I don't know. So just doesn't feel like it's 288 00:14:49,080 --> 00:14:50,440 out. And I guess I was right because 289 00:14:50,880 --> 00:14:53,560 20 minutes later there was the tariffs on Canada, the can 290 00:14:53,560 --> 00:14:56,320 tariffs that came out like we're trading headlines right now. 291 00:14:56,600 --> 00:14:59,240 That's the worst thing. That means like that's the worst 292 00:14:59,240 --> 00:15:00,000 thing. You're not even trading 293 00:15:00,000 --> 00:15:02,560 technical fundamentals, you're trading headlines. the US 294 00:15:02,560 --> 00:15:03,800 markets are not really recovering. 295 00:15:03,840 --> 00:15:06,240 Tesla did bottom forbid and there's like a recovery bounce 296 00:15:06,240 --> 00:15:07,840 on that as well. So that's you're right. 297 00:15:07,840 --> 00:15:10,120 So there will be bounces like Bitcoin just bounced from 77 to 298 00:15:10,120 --> 00:15:14,280 83 K, that's a big move. Solana bounced from 113 to 130. 299 00:15:14,720 --> 00:15:17,520 That's a big move. It is different situation of its 300 00:15:17,520 --> 00:15:20,000 own right. All it's moved quite big, which 301 00:15:20,000 --> 00:15:23,440 is good, but you know, there's just not enough juice right now 302 00:15:23,800 --> 00:15:26,640 to keep the things going. Also like every single time 303 00:15:26,640 --> 00:15:28,200 there's a tiny bit of bounce, everybody goes long. 304 00:15:28,280 --> 00:15:30,880 I mean, Wizard of Soho posted the he shares this often. 305 00:15:30,880 --> 00:15:33,400 There's $100 million worth of longs as soon as we pump like 306 00:15:33,400 --> 00:15:35,760 2%. Like you can't keep doing this 307 00:15:35,760 --> 00:15:37,640 in the hyper liquid situation that we'll talk about, but 308 00:15:37,640 --> 00:15:39,800 people keep going long absurd amounts of money. 309 00:15:40,600 --> 00:15:43,400 So there's there's a natural thing, but then you zoom out, 310 00:15:43,400 --> 00:15:45,720 you're like, well, what Tyler keeps talking about, like rumble 311 00:15:45,720 --> 00:15:48,440 about Bitcoin in governments are buying Bitcoin. 312 00:15:48,440 --> 00:15:50,840 Laws are passing in Congress that they want to pass big buy 313 00:15:50,840 --> 00:15:53,960 bitcoins, the taxes, Oklahoma, all these states are probably 314 00:15:53,960 --> 00:15:55,600 going to start buying Bitcoin at some point. 315 00:15:56,520 --> 00:15:57,840 You know, the trenches will heal. 316 00:15:57,840 --> 00:16:00,840 There's a renter. Please love to see that DRB love 317 00:16:00,840 --> 00:16:03,960 to see that. Like there is signs of life, 318 00:16:04,520 --> 00:16:06,960 right, But it's going to it's going to take a bit. 319 00:16:06,960 --> 00:16:10,480 We're in the middle of a trade war and and we're going to have 320 00:16:10,480 --> 00:16:12,160 to wait a little bit. That's just the way I see it. 321 00:16:12,160 --> 00:16:14,920 So it's not even bearish. It's just like my outlook will 322 00:16:14,920 --> 00:16:18,080 never change. But there's definitely, you 323 00:16:18,080 --> 00:16:21,120 know, there's definitely lack of appetite right now in the 324 00:16:21,120 --> 00:16:23,040 market. Yeah, I mean, I think that that 325 00:16:23,040 --> 00:16:26,600 lines up with with a lot of PO VS I've seen. 326 00:16:26,600 --> 00:16:29,720 So Kathy Wood decur to a nice article kind of summarizing her 327 00:16:29,720 --> 00:16:33,440 thoughts yesterday. She basically thinks we're in 328 00:16:33,440 --> 00:16:36,040 this, we're at the tail end of a rolling recession. 329 00:16:36,400 --> 00:16:40,800 She's looking to productivity gains as the catalyst for what 330 00:16:40,800 --> 00:16:45,360 is going to drive a potential rebound and a a deflationary 331 00:16:45,360 --> 00:16:51,080 rebound in H2. So July, you know, which is 332 00:16:51,080 --> 00:16:52,480 what, 3 months away? Three or four months? 333 00:16:52,480 --> 00:16:54,480 So many roads. Lead to the summer, Yeah, 334 00:16:54,480 --> 00:16:56,840 Everybody's talking about May, June, like July. 335 00:16:56,840 --> 00:17:00,360 Like it's just like it's funny, but ironically we're talking 336 00:17:00,360 --> 00:17:04,040 about the summer as well. Early on the show this year or 337 00:17:04,040 --> 00:17:05,920 like end of year last year, we were talking about this. 338 00:17:05,920 --> 00:17:08,280 So we're making jokes about it, but it looks like it's starting 339 00:17:08,280 --> 00:17:10,280 to happen. We were really joking about how 340 00:17:10,280 --> 00:17:12,720 June is going to be recovery another. 341 00:17:12,720 --> 00:17:15,040 Mando first said that we're just going to like, imagine what 342 00:17:15,040 --> 00:17:17,040 shopping for six to nine months would would do. 343 00:17:17,040 --> 00:17:19,280 That's when the. Joke starts right and we. 344 00:17:19,319 --> 00:17:21,520 Really, I didn't believe it. I didn't want to believe it. 345 00:17:21,520 --> 00:17:23,240 I had one. Percent belief in that at the 346 00:17:23,240 --> 00:17:25,880 time, yeah. It looks like that very well 347 00:17:25,880 --> 00:17:27,880 could be the case. So like as much as I want AV 348 00:17:27,960 --> 00:17:30,720 shape recovery starting in two weeks, right? 349 00:17:30,720 --> 00:17:33,040 Lining up with like the M2 bottom, maybe an? 350 00:17:33,040 --> 00:17:35,400 Up trend starts in two weeks though, Tyler, like you may be 351 00:17:35,400 --> 00:17:39,200 right in the sense that maybe slowly it won't be V shape, but 352 00:17:39,200 --> 00:17:41,680 maybe slowly we just we need this trade war shit to be done. 353 00:17:41,680 --> 00:17:45,280 Like, you know, Trump is good for a lot of good reasons like 354 00:17:45,280 --> 00:17:47,920 he does, he's cleaning house, he's resetting the thing, but 355 00:17:47,920 --> 00:17:51,160 that comes at a cost. And just now you either believe 356 00:17:51,160 --> 00:17:52,120 that he's going to do the right thing. 357 00:17:52,320 --> 00:17:54,520 I know now as soon as sentiment is shifting like we love Trump 358 00:17:54,520 --> 00:17:57,120 when he pumps our bags and we hate Trump the second the market 359 00:17:57,120 --> 00:17:58,600 is done. But what if in three months it 360 00:17:58,600 --> 00:18:02,480 works so? I think it can and like while I 361 00:18:02,480 --> 00:18:05,960 I still think, I think my base case now is probably like chop, 362 00:18:05,960 --> 00:18:10,960 maybe chop decline through June, I guess probably, but how much 363 00:18:10,960 --> 00:18:13,520 lower? Right, like 77 was so low like I 364 00:18:13,520 --> 00:18:15,400 think because crypto sells off before everything right guys 365 00:18:15,400 --> 00:18:19,240 like crypto 24/7 we're the highest assets so we get 366 00:18:19,240 --> 00:18:23,360 hammered the most. So 77 K to me is close to a 367 00:18:23,360 --> 00:18:26,840 bottom. It's not, but it's close. 113 so 368 00:18:26,840 --> 00:18:32,000 long went to 113 like from 290, you know what I mean? 369 00:18:32,440 --> 00:18:36,120 So we've seen a correction here. It was one of the rare times I 370 00:18:36,120 --> 00:18:38,280 actually agreed with Arthur. Arthur Hay said, yo, this is a 371 00:18:38,280 --> 00:18:41,200 proper bull, right? Like Arthur said, 73 K is going 372 00:18:41,200 --> 00:18:43,760 to be stone cold bottom because that's going to be a 30% 373 00:18:43,760 --> 00:18:47,520 pullback, 36% correction from 110K all time high, which is 374 00:18:47,520 --> 00:18:49,760 very normal for bull market. I actually agree with him now. 375 00:18:49,760 --> 00:18:52,600 I didn't agree with him. Then how in the fuck he's right 376 00:18:53,240 --> 00:18:54,640 I. Agree I I so I think we're in a 377 00:18:54,640 --> 00:18:59,120 good DCA spot like a like this is not the time to to to go 100 378 00:18:59,120 --> 00:19:00,840 X long, right. We're going to North sell. 379 00:19:00,840 --> 00:19:03,320 The bottom. But yeah, I, I think we're, 380 00:19:03,360 --> 00:19:09,440 we're much closer to the bottom than we are to what the next top 381 00:19:09,440 --> 00:19:13,120 is going to be for sure. I think we'll, we'll see a nice 382 00:19:13,160 --> 00:19:15,920 recovery on this. And like you just mentioned, 383 00:19:15,920 --> 00:19:20,240 Bitcoins down 30. I mean, at 77, it was down a 384 00:19:20,240 --> 00:19:23,160 full 30%. It's down 25% right now. 385 00:19:23,840 --> 00:19:26,280 I mean, Tesla like is another major, right? 386 00:19:26,280 --> 00:19:27,800 That's why we're we're talking about it. 387 00:19:27,800 --> 00:19:30,680 Tesla was down 55%. That seems like a pretty decent 388 00:19:31,040 --> 00:19:33,840 spot to to start the DCA. And if you think that that 389 00:19:33,840 --> 00:19:36,160 company is going to continue to be important over the next 390 00:19:36,160 --> 00:19:39,200 decade, they just came out and said they're going to double 391 00:19:39,280 --> 00:19:43,040 production of cars this year over last year. 392 00:19:45,600 --> 00:19:49,120 NVIDIA down 25% like the reason I'm saying this is like I think 393 00:19:49,360 --> 00:19:51,600 there's some people maybe come into realization that we're 394 00:19:51,600 --> 00:19:54,440 going into this downturn, but we've been in a downturn for 395 00:19:54,440 --> 00:19:57,000 three months that that's my point. 396 00:19:57,000 --> 00:20:00,800 So like these assets are down quite a bit from their their 397 00:20:00,800 --> 00:20:04,920 local tops, which I think is some hope here. 398 00:20:05,080 --> 00:20:08,360 Even if if we do chop decline for another two to three months, 399 00:20:09,520 --> 00:20:13,600 I don't think it's it's my base case is not another 25% down 400 00:20:13,600 --> 00:20:16,040 from here for these assets. I think that would be. 401 00:20:17,160 --> 00:20:19,520 That's more than a recession. That's like starting to. 402 00:20:21,000 --> 00:20:22,640 Like a. Depression I. 403 00:20:24,120 --> 00:20:28,520 Would be in this depression yeah I mean yeah, Bitcoin could go 404 00:20:28,520 --> 00:20:32,160 down to the 10% really but that that'll be like 30% total it's 405 00:20:32,160 --> 00:20:35,360 just I don't know we'll see I mean we keep building you know 406 00:20:36,200 --> 00:20:39,120 that's it there's nothing else we can do we keep on keep it on 407 00:20:39,120 --> 00:20:42,120 anyways what else is good in this world right now there's 408 00:20:42,880 --> 00:20:44,360 some. Good for price action. 409 00:20:44,360 --> 00:20:48,000 These companies keep piling in to to Bitcoin. 410 00:20:49,560 --> 00:20:52,760 So, so shaky traders might be selling, but more and more 411 00:20:52,760 --> 00:20:56,080 companies are acquiring. I think Rumble was the latest. 412 00:20:56,080 --> 00:20:59,800 They acquired 17,000,000, I believe was the number of 413 00:20:59,800 --> 00:21:02,320 Bitcoin. I think Metaplanet bought more 414 00:21:02,760 --> 00:21:04,960 in the last day. So that's going to continue. 415 00:21:05,320 --> 00:21:08,840 We saw Texas introduce this new Bitcoin bill where they can 416 00:21:08,840 --> 00:21:13,000 purchase up to 250 million. This is just one state, but 417 00:21:13,000 --> 00:21:15,440 their their first Bitcoin bill, which which opens the door for 418 00:21:15,440 --> 00:21:18,680 this got very strong approval. I don't think it's, it's been 419 00:21:18,680 --> 00:21:23,160 completely signed, but there are there are signs of of optimism 420 00:21:23,600 --> 00:21:28,560 there in in that state. So those are positive news. 421 00:21:28,840 --> 00:21:30,760 I thought the White House Crypto Summit was positive news. 422 00:21:31,520 --> 00:21:33,360 Yeah, I agree, but they're not going. 423 00:21:33,360 --> 00:21:37,000 To do any more big crypto summits with all these heads, 424 00:21:37,560 --> 00:21:40,720 the the vision is they're going to do smaller working groups 425 00:21:41,040 --> 00:21:45,440 basically, you know, bring in the folks that need to be in the 426 00:21:45,440 --> 00:21:48,240 room talking about these specific issues. 427 00:21:48,240 --> 00:21:54,120 I believe they they said mining investment in stablecoins. 428 00:21:54,200 --> 00:21:57,720 I I think with, with the the three initial areas, I'll have 429 00:21:57,720 --> 00:22:01,080 to go back to the article that they are going to be focusing on 430 00:22:02,840 --> 00:22:05,120 which the mining. I mean, shout out to Mando. 431 00:22:05,640 --> 00:22:08,040 That was one of his big predictions, and I didn't see a 432 00:22:08,040 --> 00:22:10,600 whole lot of other people really talking about Yeah, Mara. 433 00:22:10,600 --> 00:22:14,880 Was in the room the other day and I think they're big Bitcoin 434 00:22:14,880 --> 00:22:21,120 miners, right? Yeah, the largest, yeah, yeah. 435 00:22:21,280 --> 00:22:25,240 So Mara was in the room the other day at the summit. 436 00:22:25,720 --> 00:22:27,120 But what do you say? I mean, Logan, what do you make 437 00:22:27,120 --> 00:22:28,600 of the news? I thought it was really good, I 438 00:22:28,760 --> 00:22:30,960 think. I think the other part here that 439 00:22:30,960 --> 00:22:34,160 is I, I don't know, maybe not super important from like an 440 00:22:34,160 --> 00:22:37,400 actionable perspective, but just from a crypto Twitter 441 00:22:37,560 --> 00:22:40,360 participation perspective is that you're not going to get the 442 00:22:40,360 --> 00:22:43,640 major headline that we got that we all got so excite, you know, 443 00:22:43,640 --> 00:22:46,000 that most of the timeline got so excited for and got over their 444 00:22:46,000 --> 00:22:47,800 skis about what would come of it. 445 00:22:48,240 --> 00:22:50,960 These things that are a little bit smaller, maybe chip away at 446 00:22:50,960 --> 00:22:56,400 things with a a much clearer focus protects us a little from, 447 00:22:56,520 --> 00:23:01,680 you know, over expecting and and maybe then from over promising 448 00:23:01,680 --> 00:23:05,160 as well. So I like this versus, you know, 449 00:23:05,160 --> 00:23:08,080 what we had seen previously, which felt like maybe more pomp 450 00:23:08,080 --> 00:23:11,400 and circumstance than any real substance, right? 451 00:23:11,400 --> 00:23:13,960 This feels more like substance to me, or at least in that 452 00:23:13,960 --> 00:23:17,120 direction, which I'm a fan of. Yeah. 453 00:23:17,720 --> 00:23:20,360 I mentioned this yesterday in my replies. 454 00:23:20,920 --> 00:23:24,640 Everyone was just racing to dunk on the White House summit and 455 00:23:24,640 --> 00:23:26,720 people like groveling in in front of Trump. 456 00:23:26,720 --> 00:23:30,040 But like, the reality is like this was a kickoff meeting for a 457 00:23:30,040 --> 00:23:32,360 larger initiative. You got all the stakeholders in 458 00:23:32,360 --> 00:23:34,520 the room. You've got the head of the 459 00:23:34,520 --> 00:23:37,960 project with Trump in the room. It's 15 minutes. 460 00:23:38,200 --> 00:23:41,200 You get the stakeholders, you align on the vision and then you 461 00:23:41,200 --> 00:23:44,400 go on, you know, with with your life. 462 00:23:44,400 --> 00:23:47,520 And then when the real action gets done in in smaller working 463 00:23:47,520 --> 00:23:50,600 groups over the coming weeks, yeah, like, where are my 464 00:23:50,600 --> 00:23:53,240 consultants at? That's how projects were kicked 465 00:23:53,240 --> 00:23:55,280 off and executed, right? So I mean look. 466 00:23:55,760 --> 00:23:58,160 They didn't tell us, hey, we're going to come and pump your bags 467 00:23:58,160 --> 00:23:59,920 ahead of the summit. They said there's a summit, but 468 00:24:00,240 --> 00:24:02,520 we decided that they're going to go and pump our bags. 469 00:24:02,520 --> 00:24:05,480 You know Eric. Trump did say by the yeah yeah. 470 00:24:05,560 --> 00:24:09,800 That that is true that yeah, Eric, look, Eric, Eric, Eric 471 00:24:10,600 --> 00:24:13,800 fuck, Eric's tweets are crazy. I've been revisiting guys. 472 00:24:13,840 --> 00:24:15,480 I've been revisiting some of his tweets. 473 00:24:15,480 --> 00:24:16,800 I. Don't know. 474 00:24:18,120 --> 00:24:20,960 It's pretty wild, like just a nine to five one and like thank 475 00:24:20,960 --> 00:24:25,120 me later tweet on Ethereum. That is a yeah. 476 00:24:25,200 --> 00:24:27,520 I mean, he wasn't there. He's not really part of the you 477 00:24:27,520 --> 00:24:30,720 know what I mean? Yeah, it's. 478 00:24:30,960 --> 00:24:34,120 Just our KOLKOLS aren't always in the room that that may be a 479 00:24:34,120 --> 00:24:36,320 shocker to some folks. Yeah. 480 00:24:36,560 --> 00:24:38,760 Yeah, I'm person. You can while we're chatting, 481 00:24:39,360 --> 00:24:41,680 World Liberty Phi is down substantially on their 482 00:24:41,680 --> 00:24:42,480 investments. I saw that. 483 00:24:42,600 --> 00:24:45,160 I think they're down like. 100 million no the. 484 00:24:45,160 --> 00:24:51,200 Post was saying 300 or 400 but it's probably a little more now. 485 00:24:51,800 --> 00:24:54,120 You think they're down? More than $300 million. 486 00:24:54,400 --> 00:24:55,640 Well, because when? The post was made. 487 00:24:55,640 --> 00:24:57,480 I'm pretty sure ETH hadn't crashed again. 488 00:24:59,440 --> 00:25:01,880 Because ETH is. Their biggest position, Yeah. 489 00:25:02,600 --> 00:25:06,680 And their average is probably like 3K or I mean it's got to be 490 00:25:06,680 --> 00:25:10,920 in the high twos and a minimum. Let me find it. 491 00:25:14,640 --> 00:25:18,720 I don't know. There was, yeah, I, I forget 492 00:25:18,720 --> 00:25:22,000 what it was, but someone put a post out from their buys. 493 00:25:22,000 --> 00:25:24,160 I mean, if you think about it, remember the big in negotiation 494 00:25:24,160 --> 00:25:29,720 post about like $67 million worth of BTC, 6A47 mill worth of 495 00:25:29,720 --> 00:25:34,240 this 47 mill of that. Those are all down probably 50%. 496 00:25:34,240 --> 00:25:36,160 I don't. I don't think this is up to date 497 00:25:36,160 --> 00:25:38,960 because they did a lot of transfers and stuff if you guys 498 00:25:38,960 --> 00:25:41,360 recall. And they're buying dips too. 499 00:25:41,840 --> 00:25:45,480 But. At least the deployer wallet the 500 00:25:45,480 --> 00:25:50,040 Arkham tracks has the profit and loss around 50 million. 501 00:25:50,040 --> 00:25:51,200 That's just OK. OK, OK. 502 00:25:51,440 --> 00:25:53,440 That's just. This wallet though or this 503 00:25:53,440 --> 00:25:57,400 collection of wallets, so that I don't believe that is that's 504 00:25:57,640 --> 00:26:00,920 cumulative across all holdings. I'm sure it's larger than that, 505 00:26:01,520 --> 00:26:04,040 but at least for those that it's tracking under this entity 506 00:26:04,040 --> 00:26:06,600 labeled World Liberty 5, it has it around 50 million. 507 00:26:07,560 --> 00:26:09,600 Yeah. OK every time I scroll through 508 00:26:09,600 --> 00:26:12,720 my page there's like another please meme it's so funny. 509 00:26:13,720 --> 00:26:15,560 We'll get there in a second. It's. 510 00:26:15,880 --> 00:26:18,320 Just. These macro headlines here, the 511 00:26:18,320 --> 00:26:19,880 Coinbase in India News is important. 512 00:26:19,880 --> 00:26:20,960 We need to talk about that briefly. 513 00:26:20,960 --> 00:26:22,640 I see that. So they registered. 514 00:26:22,640 --> 00:26:26,160 With India's financial intelligence unit, their FIU to 515 00:26:26,160 --> 00:26:31,520 enable crypto trading services in India, which they are 516 00:26:31,520 --> 00:26:34,800 describing as one of the most dynamic markets for crypto and 517 00:26:34,800 --> 00:26:40,320 on chain innovation. I think here, man, I've been 518 00:26:40,320 --> 00:26:45,040 saying this Coinbase is cooking right now and and they are 519 00:26:45,040 --> 00:26:49,600 they're accelerating it is how I would describe it like they're 520 00:26:49,680 --> 00:26:55,360 they're getting into tokenized assets on train trading 24/7 521 00:26:55,360 --> 00:26:57,960 like that's clearly a direction for them. 522 00:26:58,400 --> 00:27:01,520 It just rolled out their perps products for Bitcoin and ETH. 523 00:27:01,640 --> 00:27:08,480 Now they're getting into India. This is in like 2-2 months since 524 00:27:08,760 --> 00:27:12,080 Trump was inaugurated and we finally got the, you know, the 525 00:27:12,080 --> 00:27:16,360 signals from the SEC, they aren't going to go after them, 526 00:27:16,440 --> 00:27:20,240 right? So I am impressed with the speed 527 00:27:20,400 --> 00:27:25,480 at which they're moving right now and I expect it to continue. 528 00:27:25,920 --> 00:27:30,480 So Bulls Coinbase, and they are. In the room where it's happening 529 00:27:30,840 --> 00:27:35,000 very clearly Brian is he's he's right there alongside. 530 00:27:35,000 --> 00:27:38,800 I mean, say what you will about the pay for play type thing, I 531 00:27:38,800 --> 00:27:43,440 mean they obviously participated quite heavily in in. 532 00:27:43,440 --> 00:27:45,360 I mean that's just. Capitalism, right? 533 00:27:45,760 --> 00:27:47,080 Yeah. Yeah, yeah, I know. 534 00:27:47,080 --> 00:27:51,480 But I mean, it, it's, yeah, it's, it's paid off thus far and 535 00:27:51,480 --> 00:27:52,880 likely for the foreseeable future. 536 00:27:53,560 --> 00:27:56,000 Yeah. Folks from Breaking News here 537 00:27:56,840 --> 00:28:01,480 just tweeted Coinbase's rival Finance just got backed with a 538 00:28:01,480 --> 00:28:05,360 $2 billion investment from Abu Balby's MGX. 539 00:28:05,360 --> 00:28:07,960 That's the single largest investment into a crypto company 540 00:28:08,440 --> 00:28:11,240 and the largest investment ever paid in crypto. 541 00:28:11,560 --> 00:28:13,360 Holy shit. That's a big investment. 542 00:28:15,040 --> 00:28:20,800 Yes, I'm not. I'm not as familiar with MGX 543 00:28:20,800 --> 00:28:24,640 here. It's their, it's their. 544 00:28:24,880 --> 00:28:31,440 Isn't that their own exchange AI, advanced technology invest. 545 00:28:31,440 --> 00:28:36,360 Oh no, it said the Abu Dhabi Oh that's M3, sorry, or M2 MJX Abu 546 00:28:36,360 --> 00:28:38,560 Dhabi based AI and advanced technology investor have 547 00:28:38,560 --> 00:28:40,840 announced a landmark 2 billion. Wow, that's a big ass 548 00:28:40,840 --> 00:28:43,120 investment. Wow. 549 00:28:43,120 --> 00:28:46,640 It really is Wow 2. Billion dollar investment. 550 00:28:47,600 --> 00:28:50,680 Damn, so so. Big money across the globe is 551 00:28:50,680 --> 00:28:53,600 piling in, but you see. That's the thing. 552 00:28:53,600 --> 00:28:57,360 Like all the little things, man, All the little things. 553 00:28:57,400 --> 00:28:59,280 It's the little things that make something great, right? 554 00:29:00,440 --> 00:29:03,040 Wow, this is good news. I mean, good for finance. 555 00:29:03,040 --> 00:29:04,440 I mean, it's funny you're talking about Coinbase and this 556 00:29:04,440 --> 00:29:06,040 comes out and then we talk about hyper liquid. 557 00:29:06,880 --> 00:29:10,000 But but that is some good news. Wow, $2 billion investment. 558 00:29:11,200 --> 00:29:14,560 Damn, it's big. I I think it has to be seen as a 559 00:29:14,560 --> 00:29:19,960 positive sign that that there are a lot of people who believe 560 00:29:20,040 --> 00:29:22,920 that this crypto industry is not going to 0. 561 00:29:25,320 --> 00:29:26,400 I mean, it's definitely not, yeah. 562 00:29:26,400 --> 00:29:28,720 I mean, especially those stable coin news that are coming out 563 00:29:28,720 --> 00:29:31,760 non-stop and everything. You know, the secret killer here 564 00:29:31,760 --> 00:29:34,960 is Besant. Man, I, I, I don't know, I feel 565 00:29:34,960 --> 00:29:37,520 like he's going to do well. I don't know, we'll see. 566 00:29:37,520 --> 00:29:39,960 But you know, he was calling for just .25% terrorist. 567 00:29:39,960 --> 00:29:42,680 By the way, I saw an article from FT from back then. 568 00:29:43,040 --> 00:29:48,080 But I think Besant's going to going to going to do well with 569 00:29:48,080 --> 00:29:49,560 the, with the USA. We'll see. 570 00:29:50,080 --> 00:29:54,720 But strikes me off as someone who who wants who wants to make 571 00:29:54,720 --> 00:29:58,240 it happen anyways? Mr. Tyler, Speaking of 572 00:29:58,240 --> 00:30:01,280 exchanges, what the fuck is going on in Hyper Liquid? 573 00:30:01,440 --> 00:30:04,360 That was crazy I read up this. Morning. 574 00:30:04,920 --> 00:30:09,040 Like wow can you like TLDR for people who may not understand 575 00:30:09,040 --> 00:30:13,120 including me? Yes, so hyper liquid they came 576 00:30:13,120 --> 00:30:16,880 out and made a clarifying post kind of explaining so it looks 577 00:30:16,880 --> 00:30:23,920 like this trader OX F3F4, they went long a substantial amount 578 00:30:24,040 --> 00:30:29,200 of Ethereum. I want I think 200 million with 579 00:30:29,200 --> 00:30:32,120 it. It looks like up to 40X 580 00:30:32,120 --> 00:30:32,840 leverage. I'll have to. 581 00:30:32,840 --> 00:30:36,040 I'll get the exact 3. $100 million liquidation. 582 00:30:36,840 --> 00:30:40,320 So they had unrealized P&L, they withdrew which lowered their 583 00:30:40,320 --> 00:30:44,120 margin and they were liquidated. So this was a liquidation that 584 00:30:44,120 --> 00:30:46,480 happened on purpose. So like this is not, this is a 585 00:30:46,480 --> 00:30:54,640 rare case, a very extreme case. And through this HLP, the hyper 586 00:30:54,640 --> 00:30:58,520 liquid, you know, the version of of JLP effectively lost $4 587 00:30:58,520 --> 00:31:02,120 million over the, the past 24 hours. 588 00:31:02,280 --> 00:31:05,440 I think that was largely driven because of this trade. 589 00:31:06,520 --> 00:31:09,800 So it seems like this person, this actor did this on purpose. 590 00:31:09,800 --> 00:31:12,080 It was. Attack. 591 00:31:12,080 --> 00:31:14,520 Is maybe the wrong word because we think about that more for 592 00:31:14,520 --> 00:31:16,520 exploits and hacks. I mean, he's just a. 593 00:31:16,520 --> 00:31:18,880 Trade that he did it. Yeah, it was a. 594 00:31:18,880 --> 00:31:21,640 Trade to kind of go after hyper liquid to a degree. 595 00:31:22,400 --> 00:31:26,840 It looks like hype has responded by lowering their Max leverage. 596 00:31:27,560 --> 00:31:30,200 So for Bitcoin it's going to be lowered to TO40X. 597 00:31:30,320 --> 00:31:34,520 ETH lowered to 25 X to increase the maintenance margin 598 00:31:34,520 --> 00:31:36,200 requirements for larger positions. 599 00:31:36,600 --> 00:31:40,200 So correct. Me if I'm wrong he went giga 600 00:31:40,200 --> 00:31:44,120 long which pulls the order books up people to copy trade and 601 00:31:44,120 --> 00:31:46,920 followed up because of 300. It's like an absurd long on 602 00:31:46,920 --> 00:31:49,920 hyper liquid. He was shorting it on Binance 603 00:31:49,960 --> 00:31:51,760 apparently, or he was shorting it. 604 00:31:51,760 --> 00:31:52,920 I don't know. I don't want to say Binance, but 605 00:31:52,920 --> 00:31:55,120 that's what I read. So call it whatever platform 606 00:31:55,120 --> 00:31:56,360 he's shorting. It's like crazy. 607 00:31:57,120 --> 00:32:01,720 He removed some of his margin, therefore his liquidation price 608 00:32:01,720 --> 00:32:05,360 goes higher. He gets clapped there tanking 609 00:32:05,360 --> 00:32:08,920 the market and he's got a short at the same time printing he's 610 00:32:08,920 --> 00:32:11,680 taking hyper liquid is 4 million and you could argue that he 611 00:32:11,680 --> 00:32:13,920 could even be short. Hyper liquid itself hype itself 612 00:32:13,920 --> 00:32:16,320 from the FUD. Is that kind of what happened? 613 00:32:16,840 --> 00:32:18,880 Yeah. That's what happened is and as a 614 00:32:18,880 --> 00:32:22,080 result, Hyper Liquid had to take on that Ethereum position, 615 00:32:22,360 --> 00:32:24,200 correct and. Therefore, they lost $4 million 616 00:32:24,200 --> 00:32:27,000 on in in the in the in the midst of that right. 617 00:32:27,320 --> 00:32:31,400 So they, they had to go and then sell that effectively that's how 618 00:32:31,400 --> 00:32:33,480 they lost the $4 million. So like we've, we've talked 619 00:32:33,480 --> 00:32:40,720 about JLP on the show, right? We, we praise that product. 620 00:32:41,320 --> 00:32:43,120 A part of the praise, part of the reason why people are like 621 00:32:43,120 --> 00:32:48,440 it is you get the fees from perps trading, but you can also 622 00:32:48,440 --> 00:32:55,040 take losses yeah, when the the the perps books get hit and 623 00:32:55,040 --> 00:32:56,400 that's. On hyper. 624 00:32:56,400 --> 00:32:59,160 Liquid here, Yeah, there's a. Good, good thread here. 625 00:32:59,720 --> 00:33:03,720 But OK, so you made OK. It's all this from $2,000,000. 626 00:33:03,720 --> 00:33:06,760 Wow, interesting. Yeah, so the trade. 627 00:33:06,760 --> 00:33:12,600 End up making money that's quite that they they were able to pull 628 00:33:12,600 --> 00:33:14,200 off here. So then there's, you know, the 629 00:33:14,240 --> 00:33:18,480 the tinfoil hats is that, you know, finance was behind this or 630 00:33:18,520 --> 00:33:19,560 Yeah, yeah. Tinfoil. 631 00:33:19,760 --> 00:33:21,920 Yeah, good thing calling Tinfoil because that's the finance, but 632 00:33:21,920 --> 00:33:24,840 it's could be Binance. He could have had on any. 633 00:33:25,160 --> 00:33:26,080 Yeah, we, we. Don't know. 634 00:33:26,320 --> 00:33:29,840 We don't know. That wow whale games. 635 00:33:29,840 --> 00:33:32,400 But you see, like this market is so fucked up right now. 636 00:33:32,400 --> 00:33:35,640 Like back to the point I was kind of making earlier. 637 00:33:36,320 --> 00:33:38,280 It's like there's so much going on. 638 00:33:38,640 --> 00:33:40,240 There's so much weird shape going on. 639 00:33:40,240 --> 00:33:45,240 Like I, I, I don't know you. Know the one the impacts. 640 00:33:45,240 --> 00:33:47,160 So like I've seen a lot of people already kind of calling 641 00:33:47,160 --> 00:33:52,040 for hyper liquid to adjust their, their margin requirements 642 00:33:52,120 --> 00:33:53,960 and, and how, how high you can go. 643 00:33:53,960 --> 00:33:57,840 And I've seen like a model proposed where for larger size, 644 00:33:57,840 --> 00:34:03,120 you know, you, you lower those multiples and then you can keep 645 00:34:03,120 --> 00:34:06,640 the 50 XS, you know, capped under a certain amount. 646 00:34:07,760 --> 00:34:12,080 So I am curious we'll see more updates coming from Hyperloc 647 00:34:12,320 --> 00:34:15,120 after they've had a chance to, to process this. 648 00:34:15,600 --> 00:34:17,800 This is why I. Was saying yesterday, I like the 649 00:34:18,080 --> 00:34:21,400 prediction market stuff because there is always somebody smarter 650 00:34:21,400 --> 00:34:22,960 than you. There's always somebody who's 651 00:34:22,960 --> 00:34:24,760 thought through every second order effect. 652 00:34:25,960 --> 00:34:28,600 And you know, I'm not claiming market manipulation or anything 653 00:34:28,600 --> 00:34:31,000 like that, but just like these are games that the average 654 00:34:31,000 --> 00:34:34,600 person can't play, right? You could call it manipulation. 655 00:34:34,600 --> 00:34:36,120 Yeah, sure. Right. 656 00:34:36,120 --> 00:34:39,920 But even aside, I mean, seems like it's above board, fair, 657 00:34:39,920 --> 00:34:41,719 whatever. For the most part, somebody just 658 00:34:41,719 --> 00:34:43,159 took advantage of what was there. 659 00:34:44,199 --> 00:34:47,360 And you know, kudos to smart people who can figure those 660 00:34:47,360 --> 00:34:48,840 things out. That's not me. 661 00:34:51,080 --> 00:34:53,280 I know where I need. To be and it's not doing that 662 00:34:53,760 --> 00:34:55,199 speaking. Of which I'm surprised that 663 00:34:55,199 --> 00:34:57,840 after all this like stuff this morning, no one's slamming the 664 00:34:57,840 --> 00:35:00,040 no here on the sub. 80K on Sunday. 665 00:35:00,480 --> 00:35:02,760 It's coming, you know, I was just. 666 00:35:02,760 --> 00:35:05,440 Thinking how I might I might take more because the yes. 667 00:35:05,440 --> 00:35:09,120 Is I was surprised guys, I I thought more because I'm on the 668 00:35:09,120 --> 00:35:13,160 yes, like I'm not actually on the yes, but mentally I'm on the 669 00:35:13,160 --> 00:35:17,320 yes, but like I was surprised because I thought more people 670 00:35:17,320 --> 00:35:19,320 would be on the no side here given how embarrassed the 671 00:35:19,320 --> 00:35:21,240 timeline is. Like what's the F&G at? 672 00:35:22,720 --> 00:35:25,840 I would what? Yeah, that's surprising. 673 00:35:26,560 --> 00:35:29,120 You know why that's so surprising is coin market cap 674 00:35:29,120 --> 00:35:31,800 has it at 19. Extreme fear, yeah. 675 00:35:31,800 --> 00:35:33,000 Surprised to see. Alternative. 676 00:35:33,000 --> 00:35:35,760 So much, yeah. Look, I don't know the 677 00:35:35,760 --> 00:35:37,480 difference between the two. I'd just rather go by 678 00:35:37,480 --> 00:35:39,440 alternative because that's the OG, Sure. 679 00:35:39,600 --> 00:35:41,080 And coin market cap is all my finance. 680 00:35:41,080 --> 00:35:43,280 There's this whole thing. But you're right, like that's 681 00:35:43,280 --> 00:35:45,120 actually interesting because usually coin market cap is 682 00:35:45,440 --> 00:35:49,080 higher. I guess maybe because you know 683 00:35:49,080 --> 00:35:52,800 what, you're right, there was so much fear and I feel like that 684 00:35:52,800 --> 00:35:56,560 was just accepted it. Maybe that is right, you know, 685 00:35:56,560 --> 00:36:00,160 maybe we all just accepted. Talk about you guys. 686 00:36:00,600 --> 00:36:06,080 How do you guys feel? You guys seem cautious but not 687 00:36:06,360 --> 00:36:09,200 fearful to me, both of you, am I right? 688 00:36:09,200 --> 00:36:10,600 I'm. In the middle, I'm in the I'm in 689 00:36:10,600 --> 00:36:15,480 the middle somewhere, maybe slightly bearish just because I 690 00:36:15,600 --> 00:36:19,920 I think there is so much uncertainty and every day, as 691 00:36:19,960 --> 00:36:21,840 you know, we've been talking about on this show, every day 692 00:36:21,840 --> 00:36:28,880 bring something new and the the good news isn't good enough for 693 00:36:28,880 --> 00:36:30,000 the price. You know what I mean? 694 00:36:30,000 --> 00:36:32,720 Call that expectations from market participants or whatever 695 00:36:32,720 --> 00:36:35,200 the case is. It's just so that that's why I 696 00:36:35,200 --> 00:36:37,960 think I'm like slightly bearish. It just from an emotional 697 00:36:37,960 --> 00:36:41,920 standpoint, I'd probably be to the life of that, but otherwise 698 00:36:42,680 --> 00:36:47,160 I'm I don't feel bad, you know, like I'm I'm long Bitcoin long 699 00:36:47,160 --> 00:36:49,360 term. I'm not like selling bags or 700 00:36:49,360 --> 00:36:52,120 anything. I'm just here so. 701 00:36:53,200 --> 00:36:55,120 All right, I love that. What about you, Tyler? 702 00:36:55,120 --> 00:36:58,160 How do you feel? Yeah, I think I've. 703 00:36:58,160 --> 00:37:05,120 Gone through all the emotions of the of the anger capitulation, I 704 00:37:05,240 --> 00:37:07,520 I don't think I ever really got to to depression. 705 00:37:07,920 --> 00:37:08,600 No, not. Yet. 706 00:37:11,280 --> 00:37:14,280 Life's too good to to be depressed over coin prices. 707 00:37:15,560 --> 00:37:18,520 So I, I don't think I'll, I'll get there, but I'm kind of like 708 00:37:18,520 --> 00:37:21,960 in an acceptance is how I would describe it. 709 00:37:23,440 --> 00:37:25,760 We're likely going into this downturn. 710 00:37:26,080 --> 00:37:28,640 Maybe it's a recession. Recession is two quarters of 711 00:37:28,640 --> 00:37:31,360 negative GDP. Seems possible. 712 00:37:33,120 --> 00:37:36,440 I've accepted that. And but I'm not selling like 713 00:37:37,160 --> 00:37:39,120 I'm, I'm still holding my long positions. 714 00:37:39,200 --> 00:37:43,120 I'm not a swing trader. So definitely long Bitcoin, long 715 00:37:43,120 --> 00:37:46,120 a couple of a couple of fun new meme coins. 716 00:37:46,120 --> 00:37:50,680 So there is some excitement in my life and maybe we'll talk 717 00:37:50,680 --> 00:37:54,680 about that here in a little bit. So I'm still, I'm cautiously 718 00:37:54,680 --> 00:37:58,760 playing still and, and holding mostly. 719 00:37:59,640 --> 00:38:01,680 I love that. I love that I got to post this 720 00:38:01,680 --> 00:38:03,080 market. This is interesting. 721 00:38:03,160 --> 00:38:05,280 I'm just thinking about how they I'm the same. 722 00:38:05,760 --> 00:38:07,600 I don't know where I'm at on that fear and greed index. 723 00:38:07,600 --> 00:38:11,000 I'm not going to give myself a number, but that the 30s 724 00:38:12,520 --> 00:38:14,200 actually not yours. Well, I'm just there. 725 00:38:14,840 --> 00:38:18,320 I'm just there for the ride. I'm probably a little lower. 726 00:38:18,320 --> 00:38:21,760 Than that, I guess from how I'm acting because like in in agreed 727 00:38:21,760 --> 00:38:24,320 mode, I would be like more aggressively buying. 728 00:38:24,480 --> 00:38:28,960 I guess knowing myself, I'm not really aggressively buying much. 729 00:38:29,920 --> 00:38:34,760 I'm not like full on selling. So maybe I'm like 2530, maybe 34 730 00:38:34,760 --> 00:38:35,320 is right. I don't know. 731 00:38:36,000 --> 00:38:37,960 I love that. This is great. 732 00:38:37,960 --> 00:38:41,360 I mean, look, Speaking of this, I mean, you say this, but you 733 00:38:41,360 --> 00:38:45,400 are in the trenches, Tyler. I feel like this is the perfect 734 00:38:45,400 --> 00:38:48,240 segue here. Before I go there though, before 735 00:38:48,240 --> 00:38:51,480 I go there, I do want to make give the code out. 736 00:38:51,480 --> 00:38:55,720 So rafflebot dot XYZ, rafflebot dot XYZ, the code is please 737 00:38:56,600 --> 00:39:03,280 PWEASEPWESE an honor in honor of look at hate to be that guy that 738 00:39:03,280 --> 00:39:04,840 I missed the code today. You did not king. 739 00:39:05,040 --> 00:39:06,840 The code is right there in front of you. 740 00:39:07,000 --> 00:39:08,880 It's now here for the first time, please. 741 00:39:08,960 --> 00:39:12,560 So all you have to do is go to raffle ball that XYZ, enter your 742 00:39:12,560 --> 00:39:15,920 X enter the code, please. And every single Tuesday, 743 00:39:15,920 --> 00:39:18,440 Wednesday, Thursday, Friday, we give away either right guy or 744 00:39:18,440 --> 00:39:19,920 crypto punk. It's that simple. 745 00:39:20,600 --> 00:39:21,880 And Friday someone won a crypto punk. 746 00:39:21,880 --> 00:39:24,320 If you get 3 crypto punk, we get about one and a half million 747 00:39:24,320 --> 00:39:27,960 dollars away in last year. So yeah, I I do love please, I 748 00:39:27,960 --> 00:39:30,560 just own 0. But I love the meme. 749 00:39:30,560 --> 00:39:34,920 I was telling Tyler this morning I'm like, fuck here. 750 00:39:34,920 --> 00:39:38,760 She's sad, but. Anyways. 751 00:39:38,760 --> 00:39:41,720 That's the code. That's the code, Tyler. 752 00:39:42,080 --> 00:39:44,520 I'm giving this up to you because you, you're quite the 753 00:39:44,520 --> 00:39:47,240 please guy here everybody. Buys please the price they 754 00:39:47,240 --> 00:39:50,600 deserve for oak. So you deserve a little higher. 755 00:39:50,600 --> 00:39:54,520 Like the news here is that please did hit a new all time 756 00:39:54,520 --> 00:39:58,120 high briefly this morning after the CPI news came in and hit 44 757 00:39:58,120 --> 00:40:02,400 million. It has been consistently one of 758 00:40:02,400 --> 00:40:05,800 the top movers on the Solana volume board, Solana Dex board. 759 00:40:06,120 --> 00:40:11,680 It's like $20 million in the it's showing signs of life. 760 00:40:11,680 --> 00:40:14,400 So when it first came out and hit 30 million and then started 761 00:40:14,400 --> 00:40:17,120 going straight down right, everyone's like that. 762 00:40:17,120 --> 00:40:20,680 The the consensus narrative was OK, This is just a sign of where 763 00:40:20,680 --> 00:40:23,880 the trenches are. 30 million is the highest we can get a coin 764 00:40:23,880 --> 00:40:27,320 now. And and this one is going to 765 00:40:27,320 --> 00:40:32,760 fail like all the others. Looks like the meme itself, like 766 00:40:32,840 --> 00:40:34,240 let's put the token aside for a second. 767 00:40:35,760 --> 00:40:38,920 The meme itself is showing real strength. 768 00:40:40,000 --> 00:40:44,400 It it's hilarious. It's adoption is accelerating 769 00:40:45,360 --> 00:40:49,360 And on the the the news over the weekend was he officially like 770 00:40:49,360 --> 00:40:51,240 endorsed the meme again, not the token. 771 00:40:51,320 --> 00:40:54,200 He he endorsed the meme by posting like that. 772 00:40:54,200 --> 00:40:57,040 Leonardo DiCaprio posting meme with this. 773 00:40:58,560 --> 00:41:01,320 The meme is hilarious. It is very organic. 774 00:41:03,480 --> 00:41:06,320 Melo would like to standpoint. This is one of the best memes 775 00:41:06,320 --> 00:41:11,080 we've seen in years. I think that's objectively true. 776 00:41:11,600 --> 00:41:12,360 I agree. With you. 777 00:41:12,680 --> 00:41:15,960 Even fartcoin now I'm I'm a I'm a pivot back to token talk a 778 00:41:15,960 --> 00:41:19,080 little bit. Yeah, fartcoin is hilarious, but 779 00:41:19,080 --> 00:41:21,320 it's not like it's much of A meme. 780 00:41:21,320 --> 00:41:23,880 It's just tied to like fart jokes, right? 781 00:41:23,920 --> 00:41:26,320 Like so like, I I wouldn't describe it as more of like a 782 00:41:26,320 --> 00:41:30,560 pure meme. Please. 783 00:41:30,560 --> 00:41:33,920 This is a meme like or the this, this veins like whatever we want 784 00:41:33,920 --> 00:41:35,360 to call it. Like this is a meme. 785 00:41:35,880 --> 00:41:37,200 Oh. My God, people are are having. 786 00:41:37,200 --> 00:41:41,800 Fun with it is this. On TikTok, I don't know. 787 00:41:41,800 --> 00:41:43,760 I don't have TikTok but me neither. 788 00:41:44,360 --> 00:41:46,400 I mean, it's in our circles. I'm just wondering. 789 00:41:47,840 --> 00:41:50,680 It hasn't been sent to me elsewhere, you know what I mean. 790 00:41:51,120 --> 00:41:53,400 You think this is? Only CT No No. 791 00:41:53,400 --> 00:41:55,120 I'm sorry, I'm I'm sort of asking. 792 00:41:55,120 --> 00:41:56,320 I'm sort of asking. I'm not. 793 00:41:57,920 --> 00:41:59,280 I don't know. Interesting. 794 00:41:59,400 --> 00:42:01,520 I I think this is permeated beyond CT. 795 00:42:01,520 --> 00:42:03,520 I mean, we have. Hundreds of people listening to 796 00:42:03,520 --> 00:42:05,000 us on video and audio. You guys let us know. 797 00:42:05,000 --> 00:42:10,360 Like do have you seen this tweet, this meme permeate on 798 00:42:11,400 --> 00:42:16,160 outside of CT? I mean, Vance isn't. 799 00:42:16,160 --> 00:42:20,760 Tweeting something he saw on CT. I mean, they are on Twitter with 800 00:42:20,760 --> 00:42:22,360 this administration. Yeah, you're right. 801 00:42:24,240 --> 00:42:27,400 And then if you want show, I mean the the chart does, yeah, 802 00:42:27,400 --> 00:42:28,640 let's go. Let's go back to the chart here. 803 00:42:29,240 --> 00:42:31,600 It looks good dude. This is just higher highs every 804 00:42:31,600 --> 00:42:32,600 time. I'd love to see that. 805 00:42:32,840 --> 00:42:34,800 Higher highs here. Wow, what happened here? 806 00:42:34,800 --> 00:42:36,840 Was there a catalyst here? Was that when he posted? 807 00:42:38,760 --> 00:42:40,760 Yes. So that is when Vance posted it 808 00:42:40,760 --> 00:42:43,280 and then the second leg up was when Elon retweeted it. 809 00:42:43,640 --> 00:42:45,960 Wow. So like that is definitely what 810 00:42:45,960 --> 00:42:49,160 kind of brought it back to life or you can you can see it in in 811 00:42:49,160 --> 00:42:50,960 the charts there. Like it was kind of a little 812 00:42:50,960 --> 00:42:55,320 bleed out. Why I like this is it's ten days 813 00:42:55,320 --> 00:42:57,880 old. You've had folks be able to 814 00:42:57,880 --> 00:43:02,920 accumulate this in that, you know, sub $20 million range. 815 00:43:02,920 --> 00:43:05,680 You've had some you've had time for the early buyers to start to 816 00:43:05,680 --> 00:43:08,600 be able to sell this thing. Now with all this being said, 817 00:43:09,160 --> 00:43:11,960 obviously this mean coin market is total garbage, right? 818 00:43:11,960 --> 00:43:13,120 Of course. Like. 819 00:43:13,240 --> 00:43:15,760 This is not like you're going to there are going to be lower 820 00:43:15,760 --> 00:43:18,920 entries like like for sure like this thing is going to continue 821 00:43:18,920 --> 00:43:21,160 to dip. Maybe it makes new lows, maybe 822 00:43:21,160 --> 00:43:22,400 it goes straight to zero, I don't know. 823 00:43:23,600 --> 00:43:27,000 But it is a very fun. I mean, even the chart looks 824 00:43:27,040 --> 00:43:28,880 good. I like it. 825 00:43:29,440 --> 00:43:30,480 I love it. Actually. 826 00:43:30,480 --> 00:43:32,280 I don't, I don't have it. I don't own it. 827 00:43:32,560 --> 00:43:35,240 I haven't bought anything or traded in forever. 828 00:43:36,000 --> 00:43:38,760 But I think I think it's great. I think it's so funny. 829 00:43:38,760 --> 00:43:41,080 I think you need that, right? Like also like we talked about 830 00:43:41,080 --> 00:43:43,560 this in the chap I may as well talk about here. 831 00:43:43,560 --> 00:43:46,800 Like you need like the daily runner shit is horrible for the 832 00:43:46,800 --> 00:43:48,280 trenches. Memes don't work. 833 00:43:48,280 --> 00:43:51,960 Why did Pepe work? Pepe had was on its own lane. 834 00:43:51,960 --> 00:43:54,640 It was Pepe then turbo came out. Remember that's it. 835 00:43:55,000 --> 00:43:59,320 And then out of nowhere stems mog mog went from zero to 1 1/2 836 00:43:59,320 --> 00:44:00,760 billion dollars in a year and a half. 837 00:44:00,760 --> 00:44:03,200 Not in it took and then went to 40 mil. 838 00:44:03,200 --> 00:44:06,520 I remember that because I was in that one mil and then we got the 839 00:44:06,520 --> 00:44:09,800 mega retrace like 12 mil. Then we had six months of 12 mil 840 00:44:10,160 --> 00:44:14,560 paid paid and then we started grinding up all the way to corn 841 00:44:14,560 --> 00:44:16,920 business than $1.5 billion, but even that took months. 842 00:44:17,200 --> 00:44:18,800 So it's like you got to have that. 843 00:44:19,320 --> 00:44:22,960 I think I love this in the meme. I actually I am rooting for this 844 00:44:22,960 --> 00:44:24,080 meme. I hope this meme goes to a 845 00:44:24,080 --> 00:44:26,480 billion dollars now in this environment probably won't, but 846 00:44:26,480 --> 00:44:30,680 I just I'm just saying like I want it and it's really good and 847 00:44:30,680 --> 00:44:32,480 I and I do think this has a chance to go higher. 848 00:44:32,480 --> 00:44:35,120 Now look tomorrow Bitcoin goes to 73 K. 849 00:44:35,480 --> 00:44:36,880 Please is getting fucking slapped. 850 00:44:37,320 --> 00:44:39,720 Bitcoin bounces. I think please bounces too, 851 00:44:40,160 --> 00:44:42,800 because it bounced with the market this morning and it 852 00:44:42,800 --> 00:44:45,640 bounces with the market every time and JD Van Singh going 853 00:44:45,640 --> 00:44:47,880 nowhere, right? He's leading the vice president 854 00:44:47,880 --> 00:44:50,760 of the United States of America. Now, some people are seeming to 855 00:44:50,760 --> 00:44:53,880 say that it's a broader Twitter meme now, not really as much on 856 00:44:54,120 --> 00:44:57,000 Instagram and TikTok, but that makes. 857 00:44:57,040 --> 00:45:00,960 Sense but you. Know their bear markets have and 858 00:45:00,960 --> 00:45:03,440 down trends. Also have memes meme coins. 859 00:45:03,440 --> 00:45:05,480 Meme coins are forever. Memes are forever. 860 00:45:05,480 --> 00:45:08,400 Culture doesn't die in the bear market, right? 861 00:45:08,400 --> 00:45:10,920 So I like it dude, I I love that you were in it. 862 00:45:10,920 --> 00:45:13,280 I think it's so good. I love you just. 863 00:45:13,280 --> 00:45:16,320 Called it Bitcoin Beta live on the show so I I I appreciate. 864 00:45:16,960 --> 00:45:20,680 It but no. I you described a Bitcoin beta, 865 00:45:20,680 --> 00:45:23,480 you said if Bitcoin goes up it goes up and when Bitcoin goes 866 00:45:23,480 --> 00:45:26,440 down that that's beta. My friend, you heard it here 867 00:45:26,440 --> 00:45:28,200 first. You can blame for Oak if this 868 00:45:28,200 --> 00:45:33,920 one fails like all the others. I'm never going to win, Logan. 869 00:45:33,920 --> 00:45:35,840 Come on, man. Time in here, dude. 870 00:45:35,840 --> 00:45:38,000 Like, save me. Save me. 871 00:45:38,000 --> 00:45:41,960 What do you I think? I think well, unfortunately you 872 00:45:41,960 --> 00:45:46,200 did sort of say that, but it's the good memes are all sort of 873 00:45:46,200 --> 00:45:49,600 Bitcoin beta, right. You're you're OK. 874 00:45:49,600 --> 00:45:51,600 I don't think you can really step that of line. 875 00:45:51,600 --> 00:45:55,640 I I like this beam as well. I do not own any. 876 00:45:56,280 --> 00:46:00,880 I'll buy the bit. Participating. 877 00:46:01,880 --> 00:46:04,440 I think actually my favorite part about it is I don't know if 878 00:46:04,440 --> 00:46:07,760 you've pulled up the Puiz thing on like Coin Gecko, for example, 879 00:46:07,760 --> 00:46:12,240 the little, the little image is him in the what you call those 880 00:46:12,240 --> 00:46:14,000 little beanie spinner hats things. 881 00:46:14,720 --> 00:46:16,400 It looks. It looks. 882 00:46:16,400 --> 00:46:19,920 Ridiculous and hilarious. Yeah, right there at the top. 883 00:46:19,920 --> 00:46:21,880 Actually, it's in the top. There you go. 884 00:46:23,360 --> 00:46:26,240 I guess it's not a spinner hat, but it's it's really good. 885 00:46:26,360 --> 00:46:34,520 I see it as far as token logos go, it's tough to adopt that so. 886 00:46:38,200 --> 00:46:39,440 Incredible. That's a good logo. 887 00:46:39,440 --> 00:46:41,760 I know, I know. We've got a few minutes left 888 00:46:41,760 --> 00:46:44,600 here and Logan, I want to get to your story here in yes, quickly. 889 00:46:44,600 --> 00:46:46,720 Let's let's quickly talk to the AI market because it is getting 890 00:46:46,840 --> 00:46:52,960 wrecked. AI16Z is that 180 million arc is 891 00:46:52,960 --> 00:46:55,440 now is about to drop out in the top ten. 892 00:46:55,640 --> 00:46:58,360 Whoa. I haven't followed that. 893 00:46:58,880 --> 00:47:00,120 Yeah, it's down. To 16 banker is. 894 00:47:00,160 --> 00:47:01,800 Cooking, though? Banker bought. 895 00:47:02,240 --> 00:47:05,120 Been fucking running like crazy. Yeah, Banker. 896 00:47:05,120 --> 00:47:08,760 And Clanker have been strong. Clanker's top ten coin. 897 00:47:08,760 --> 00:47:13,440 Now let's see where Banker is. Banker's top 20. 898 00:47:14,080 --> 00:47:19,800 It's actually 1% but the board looks terrible and Oh my God. 899 00:47:20,000 --> 00:47:26,280 Bubble his burst. And I don't know that these are 900 00:47:26,280 --> 00:47:29,040 going to rebound if I'm being. I don't know either, dude. 901 00:47:30,640 --> 00:47:32,960 I don't know. I I want them to I don't, I 902 00:47:32,960 --> 00:47:36,160 don't, I would never root for anyone, you know, to to lose 903 00:47:36,160 --> 00:47:39,560 money. I I think Tashi is trying to 904 00:47:39,560 --> 00:47:46,200 build a a strong product, but the valuation bubble burst and 905 00:47:46,240 --> 00:47:50,600 even ARK. Can you justify a $69 million 906 00:47:50,600 --> 00:47:53,480 valuation for ARK and and what it's delivered so far? 907 00:47:54,600 --> 00:47:56,560 Do you ask me as a founder or as a trader? 908 00:47:58,440 --> 00:48:00,760 Because as a founder all these valuations are still too high. 909 00:48:00,760 --> 00:48:04,760 I think that's the. Reality. 910 00:48:04,760 --> 00:48:09,440 Yeah, it's the truth. I mean, there's, you know, 911 00:48:09,480 --> 00:48:13,600 there's at some point, you know, when all these things were like 912 00:48:13,600 --> 00:48:17,880 500-345-6700 million, like you guys were attributing half a 913 00:48:17,880 --> 00:48:22,080 billion dollar market cap in valuation to an AI reply guy. 914 00:48:23,640 --> 00:48:25,960 You know, we talked about this early on, right when remember 915 00:48:25,960 --> 00:48:27,560 when I first really didn't believe in it all and then I 916 00:48:27,760 --> 00:48:30,880 started kind of trading it. But if you go back to that and I 917 00:48:30,880 --> 00:48:32,720 can't even say I told you so because then I was like, I was 918 00:48:32,720 --> 00:48:33,640 pilled. I was looking at this could 919 00:48:33,640 --> 00:48:35,960 work. But we, I don't think none of us 920 00:48:35,960 --> 00:48:38,200 really believe that the valuations were true values, 921 00:48:38,200 --> 00:48:39,800 right? For like, what's being built? 922 00:48:40,680 --> 00:48:42,520 It's just a memetic value. We talk about this a lot. 923 00:48:42,880 --> 00:48:45,400 Yeah, they were. Trying to make premiums I I 924 00:48:45,400 --> 00:48:48,520 still thought even knowing it was a bubble that that like the 925 00:48:48,640 --> 00:48:50,320 IT would last longer. Like AI? 926 00:48:50,320 --> 00:48:54,560 16 Z like the ones that have like who are actually being used 927 00:48:54,560 --> 00:48:56,600 building code bases. I I thought they would have a 928 00:48:56,600 --> 00:48:59,760 stronger floor than this. I would be lying If I you're 929 00:48:59,760 --> 00:49:02,800 right, it's. It's, it's intense. 930 00:49:04,760 --> 00:49:07,360 Wow, look at this. It is intense. 931 00:49:07,360 --> 00:49:08,920 Brings. Up that one, yeah, but then you 932 00:49:08,920 --> 00:49:09,960 have. What banker is it? 933 00:49:09,960 --> 00:49:11,800 This one BNKR which is killing it? 934 00:49:11,800 --> 00:49:14,440 I mean, this is beautiful. It's a great chart squeeze 935 00:49:14,440 --> 00:49:15,920 chart. Yeah, so. 936 00:49:15,920 --> 00:49:18,680 Banker's good, at least. What do you want to like? 937 00:49:19,880 --> 00:49:23,040 Is that amidst everything being down, there is still some things 938 00:49:23,040 --> 00:49:25,160 that are working and they're going up. 939 00:49:25,240 --> 00:49:27,680 And this is what tells me that this is a good sign for me. 940 00:49:28,320 --> 00:49:30,200 Now you can tell me. Permit bulls always looking for 941 00:49:30,200 --> 00:49:35,400 the glass half full. Yes, but Clanker banker, the DRB 942 00:49:35,440 --> 00:49:36,960 thing going on. I have a friend that caught that 943 00:49:36,960 --> 00:49:39,200 trade early on sent it. I didn't buy because I'm not 944 00:49:39,200 --> 00:49:40,680 really buying anything right now, but he cooked. 945 00:49:41,320 --> 00:49:44,040 He made good money. He wasn't expecting to make me 946 00:49:44,040 --> 00:49:46,080 what 1020? That's a lot fucking ton of 947 00:49:46,080 --> 00:49:49,120 money right in this market, especially look, maybe this is 948 00:49:49,120 --> 00:49:51,640 not as nice as a dip right now, but still like it was nice right 949 00:49:51,640 --> 00:49:55,160 went to nearly 50 million. So there's trades been. 950 00:49:55,240 --> 00:49:57,920 Made still, Yeah, there's for those who are sticking around 951 00:49:57,920 --> 00:49:59,920 and paying attention. Like there are opportunities and 952 00:49:59,920 --> 00:50:01,760 they're easier. To catch like it's not like I 953 00:50:01,760 --> 00:50:03,840 caught him because I'm not active, but I feel like if I was 954 00:50:03,880 --> 00:50:06,920 actually trying I have caught please because you were talking 955 00:50:06,920 --> 00:50:09,080 about it early on these and shit. 956 00:50:09,280 --> 00:50:12,360 My homie is like all over DRB and banker. 957 00:50:12,720 --> 00:50:16,120 Like he's big in the base eco. He trades only base like it's 958 00:50:16,120 --> 00:50:18,240 not. They're not hard to catch. 959 00:50:18,760 --> 00:50:20,880 If you ask me, there's no. Noise. 960 00:50:21,120 --> 00:50:21,800 There's no. Noise. 961 00:50:21,800 --> 00:50:24,200 It's not hard to count, but. Like, if you're paying any 962 00:50:24,200 --> 00:50:28,600 attention, like, it's obvious, like what the top meme coin 963 00:50:28,600 --> 00:50:30,440 plays have been for the last week, right? 964 00:50:30,440 --> 00:50:32,360 Yeah, there's only a handful of options. 965 00:50:32,360 --> 00:50:34,080 Also, they rhyme banker and clanker. 966 00:50:34,120 --> 00:50:34,920 Boom. It's that easy. 967 00:50:34,920 --> 00:50:36,960 You know that's how. Easy, they killed my hand. 968 00:50:36,960 --> 00:50:40,480 Load all these fuckers but Logan you. 969 00:50:40,480 --> 00:50:43,360 Got run us through this Geo block and how it costs us 970 00:50:43,360 --> 00:50:44,800 billions of dollars because I'm pissed. 971 00:50:45,320 --> 00:50:47,280 Let's talk about Logan's story, yeah? 972 00:50:47,280 --> 00:50:51,880 Sure thing a sad story for US residents, of course, but 973 00:50:51,880 --> 00:50:55,160 there's a report from Dragonfly Capital, big VC, of course, 974 00:50:55,160 --> 00:50:59,240 crypto VC about the state of air drops and the fact that 975 00:50:59,840 --> 00:51:03,440 regulatory issues and you know, the lacking of clarity and all 976 00:51:03,440 --> 00:51:08,880 that and Geo blocking for big air drops Eigen layer. 977 00:51:08,880 --> 00:51:13,320 And they are they used the sample of 12 Etherium based very 978 00:51:13,320 --> 00:51:19,560 notable air drops cost US users anywhere from like 1.8 to 2.4 979 00:51:19,560 --> 00:51:23,840 billion in revenue. And on top of that, they go 980 00:51:23,840 --> 00:51:26,320 into, and I encourage people to of course, read my article, but 981 00:51:26,320 --> 00:51:29,480 then also to read the report. You know, they, they point to 982 00:51:29,920 --> 00:51:33,880 the lost revenue in tax revenue as well for both States and the 983 00:51:33,880 --> 00:51:37,080 federal government, you know, which is on the order of 984 00:51:37,080 --> 00:51:38,520 depending on the estimates you use. 985 00:51:38,520 --> 00:51:40,720 And they use some larger data sets as well. 986 00:51:41,040 --> 00:51:44,520 You know, could be anywhere from 300 to 1.1 billion for the 987 00:51:44,520 --> 00:51:47,160 federal government and around 250 million for state 988 00:51:47,160 --> 00:51:50,320 governments that they missed on revenue just because they 989 00:51:50,320 --> 00:51:53,600 wouldn't let US users, right? The regulatory issues wouldn't 990 00:51:53,600 --> 00:51:57,520 let US users claim tokens. So the really great part about 991 00:51:57,520 --> 00:51:59,960 this is, you know, one of the issues I think we have in crypto 992 00:51:59,960 --> 00:52:04,240 is, well, many, but one of them is, you know, we are often very, 993 00:52:04,240 --> 00:52:06,520 very quick to criticize without potential solutions. 994 00:52:06,720 --> 00:52:09,560 Dragonfly actually offers some, you know, kind of regulatory 995 00:52:09,560 --> 00:52:13,920 recommendations, you know, to liken air drops to credit card 996 00:52:13,920 --> 00:52:19,080 rewards and things like that. So again, for the sake of time, 997 00:52:19,080 --> 00:52:20,840 please go read the article in the No. 998 00:52:20,840 --> 00:52:22,040 We can talk about it. This is crazy. 999 00:52:22,040 --> 00:52:25,560 I mean as someone building something, we have to geofence 1000 00:52:25,600 --> 00:52:28,320 the USA right? Why is that? 1001 00:52:29,160 --> 00:52:32,560 It's it's the law. There's I know this Trump's 1002 00:52:32,560 --> 00:52:35,560 America and they're fixing things for crypto companies, but 1003 00:52:35,560 --> 00:52:38,200 it's just for now it's the law. For example, production markets 1004 00:52:38,200 --> 00:52:41,760 are still not fully legal in the United States of America. 1005 00:52:41,760 --> 00:52:45,320 So Cal she won in court and was able to come back. 1006 00:52:45,320 --> 00:52:47,600 You saw at the end of the elections and run election 1007 00:52:47,600 --> 00:52:49,840 markets. Cal, she's actually the more 1008 00:52:49,840 --> 00:52:53,920 legal one when in terms like the the doing you can't run a sports 1009 00:52:53,920 --> 00:52:57,040 book really on prediction markets, which is why we're not 1010 00:52:57,040 --> 00:53:01,520 really doing sports markets. We're doing a OS F1 is is is is 1011 00:53:01,520 --> 00:53:03,360 the Ferrari going to podium? Right. 1012 00:53:03,440 --> 00:53:05,680 There's there's nuance to what you can do and can't do. 1013 00:53:06,320 --> 00:53:07,720 And we're not allowed to serve them. 1014 00:53:07,720 --> 00:53:10,520 Now. We can't control whether people 1015 00:53:10,520 --> 00:53:12,360 are not going to take a quick flight to Mexico. 1016 00:53:13,160 --> 00:53:16,200 You know, fuck the wings in other Sims. 1017 00:53:16,800 --> 00:53:19,120 But you know, it's it's just how it is. 1018 00:53:19,560 --> 00:53:22,360 It sucks. France is the same boat and a 1019 00:53:22,360 --> 00:53:27,280 lot of others, you know, for the longest time we love to say like 1020 00:53:27,280 --> 00:53:30,360 bring back Biden because the prices are down now with since 1021 00:53:30,360 --> 00:53:32,760 Donald Trump is in. But dude, like this is all 1022 00:53:32,760 --> 00:53:36,840 because of the last administration and it's going to 1023 00:53:36,840 --> 00:53:39,080 change. I actually think locks and I 1024 00:53:39,080 --> 00:53:42,840 believe that within three months there's going to be a change 1025 00:53:42,840 --> 00:53:45,360 where we're going to be able to remove all geofence in America. 1026 00:53:46,720 --> 00:53:49,600 I, I'm hopeful for that. I'm still so you described it 1027 00:53:49,600 --> 00:53:51,720 for prediction markets. I'm still more curious of like a 1028 00:53:51,720 --> 00:53:57,440 more general protocol like is Jupiter allowed to do an AirDrop 1029 00:53:57,480 --> 00:54:00,440 to U.S. citizens at this point in time? 1030 00:54:01,080 --> 00:54:03,800 I think the. Issue is, and of course not a 1031 00:54:03,800 --> 00:54:08,880 legal or tax expert or whatever, I think the issue is just the 1032 00:54:08,880 --> 00:54:10,920 uncertainty. And so then you, you place the, 1033 00:54:11,400 --> 00:54:14,160 you place the risk on the protocols right themselves, like 1034 00:54:14,160 --> 00:54:17,120 which protocols are willing to eat that risk at this point in 1035 00:54:17,120 --> 00:54:19,720 time. And that's what's that's what's 1036 00:54:19,720 --> 00:54:21,960 really difficult. It's like nobody actually knows 1037 00:54:22,080 --> 00:54:23,480 like you could do that the risk of the. 1038 00:54:23,480 --> 00:54:26,600 SEC will come after you like that's what you're right. 1039 00:54:26,920 --> 00:54:29,960 Yeah, not maybe not necessarily the SEC, right, but like some 1040 00:54:29,960 --> 00:54:33,760 regulatory body could potentially sanction you for, 1041 00:54:33,960 --> 00:54:36,600 you know, securities violations or what that would be, of course 1042 00:54:36,600 --> 00:54:38,000 the SEC but I I don't know, right? 1043 00:54:39,040 --> 00:54:41,360 That's that's the risk and it's it's sort of outlined a little 1044 00:54:41,360 --> 00:54:44,480 bit in this report from Dragonfly as well, some of the 1045 00:54:44,480 --> 00:54:47,200 risks. And there's just even now, you 1046 00:54:47,200 --> 00:54:49,640 know, and the great strides have been taken, right? 1047 00:54:49,640 --> 00:54:52,680 The SEC has dropped cases against all the major players. 1048 00:54:52,920 --> 00:54:57,880 Investigations have concluded, but even now, in particular with 1049 00:54:58,400 --> 00:55:01,280 air drops, there is not, there's not that clarity just isn't 1050 00:55:01,280 --> 00:55:06,880 there yet and that's the stuff that's necessary for what it's. 1051 00:55:06,880 --> 00:55:11,680 Worth I think like let's say tomorrow decide to like remove 1052 00:55:11,680 --> 00:55:13,400 the Geo fence. I'll talk about our own shit. 1053 00:55:14,000 --> 00:55:17,800 If I decide to like remove the the Geo fence in America and we 1054 00:55:17,800 --> 00:55:20,480 decide to do a Marian air drop or a claim. 1055 00:55:21,080 --> 00:55:25,720 I don't think they'll come after you if you do things right and 1056 00:55:25,720 --> 00:55:27,720 you're building something good. Like it's not a Ponzi, it's not 1057 00:55:27,720 --> 00:55:31,200 a scam, but the risk is still not this like tomorrow, like 1058 00:55:31,200 --> 00:55:34,280 right now I call the dads and yo turn off the geofence in the USA 1059 00:55:34,320 --> 00:55:37,360 for Myriad. I generally do not believe 1060 00:55:37,360 --> 00:55:43,120 they'll come after us, but I'm not willing to risk a 40% 1061 00:55:43,120 --> 00:55:46,080 company at the expense of that. Yes, do. 1062 00:55:46,600 --> 00:55:48,480 You know. What I mean, it's a big gamble 1063 00:55:48,480 --> 00:55:50,640 and it's not worth it when you have people's lives at risk, 1064 00:55:50,640 --> 00:55:53,880 like, you know, people. So it's just it's not worth it. 1065 00:55:54,120 --> 00:55:56,040 But I do. That's why I'm still bullish 1066 00:55:56,040 --> 00:55:58,560 because this administration has actually made a ton of change 1067 00:55:58,960 --> 00:56:00,320 from a legal framework standpoint. 1068 00:56:00,320 --> 00:56:03,520 Like I asked Donald Trump back in September, you know, are you 1069 00:56:03,520 --> 00:56:05,520 guys going to build the go framework in the USA for for 1070 00:56:05,520 --> 00:56:07,280 crypto? Yes, and they're doing it right. 1071 00:56:07,600 --> 00:56:09,280 This what's happening. And again, you were saying about 1072 00:56:09,280 --> 00:56:11,600 the summit thing earlier. Those little more focus group 1073 00:56:11,600 --> 00:56:13,040 summits are great. I hope there's going to be a 1074 00:56:13,040 --> 00:56:14,680 summit on prediction market. I was going to be a middle 1075 00:56:14,680 --> 00:56:16,440 summit on like sax and sax and all this stuff. 1076 00:56:16,440 --> 00:56:19,840 So it's good. And so we're getting there. 1077 00:56:21,080 --> 00:56:22,880 We're definitely getting there, I guess. 1078 00:56:23,240 --> 00:56:26,040 I guess that's the bulk, one of the bulk cases for this crypto 1079 00:56:26,040 --> 00:56:30,680 regulatory framework that SAX is that he has been asked, Yeah, I 1080 00:56:30,680 --> 00:56:32,640 mean. I think everybody uses AVPN, 1081 00:56:32,640 --> 00:56:34,280 right? But I think also a lot of people 1082 00:56:34,280 --> 00:56:36,440 don't. So a lot of the USI think VPN. 1083 00:56:36,440 --> 00:56:39,040 Blocks is a is a is a hurdle. It blocks people. 1084 00:56:39,320 --> 00:56:42,560 It is a hurdle. 100% I still get a punch. 1085 00:56:42,560 --> 00:56:44,800 People tell me oh I can't use this and that I'm I ain't going 1086 00:56:44,800 --> 00:56:47,640 to tell you use a VPNI can't you know what I mean? 1087 00:56:47,640 --> 00:56:49,760 Article. On Trump's desk where he can see 1088 00:56:49,760 --> 00:56:51,480 the tax money that they lost, right. 1089 00:56:51,480 --> 00:56:53,920 Like how how good of a pitch is that? 1090 00:56:54,040 --> 00:56:56,880 It's like get a regulatory framework, turn off the Geo 1091 00:56:56,880 --> 00:56:59,600 blocks and now you increase your tax revenue like. 1092 00:57:00,280 --> 00:57:03,640 Yeah, All right, Doge. Doge will be tweeting about 1093 00:57:03,640 --> 00:57:04,560 this. Yeah, Where's big? 1094 00:57:04,560 --> 00:57:05,840 Balls. Big balls. 1095 00:57:05,840 --> 00:57:07,720 Yeah, we need to get. This in the hands of Trump. 1096 00:57:07,920 --> 00:57:11,120 Ironically, one of the doge guys from Montreal, I found out went 1097 00:57:11,120 --> 00:57:12,960 to McGill University. It's funny, right? 1098 00:57:13,440 --> 00:57:14,840 And I'm from Montreal. From Montreal. 1099 00:57:15,120 --> 00:57:19,480 Anyways, no, I'm not big balls. But anyways, yeah, that's a 1100 00:57:19,480 --> 00:57:21,360 great article, Logan. I love it. 1101 00:57:21,360 --> 00:57:23,160 For people who are curious, I mean, did you post that? 1102 00:57:23,160 --> 00:57:27,280 I want to retweet it. Anyways, you guys can find it on 1103 00:57:27,400 --> 00:57:31,200 on Logan's X page. It's for there for sure. 1104 00:57:31,640 --> 00:57:33,360 Yep. Anyways, so that's a good 1105 00:57:33,360 --> 00:57:34,600 roundup. I think. 1106 00:57:35,320 --> 00:57:37,280 Everybody hang tight. Looks like we're selling off a 1107 00:57:37,280 --> 00:57:43,280 little bit more here. Back in 81. 1108 00:57:44,480 --> 00:57:45,960 Yeah, it's crazy, bro.