Yo-yo, what up? What up?
Good morning, Good morning, GMG Friday.
Woo Friday. Move Ember.
Who? Wait, wait.
There you go. We call it move Ember.
I don't know. Hey, it's like what happened.
See that could be a lot whoever is like who and all these guys
are like turbo bull posting Mudang.
You should just make this move Ember.
I sure, sure. I can't be the only one that's
said that. Tyler.
Wait, did I just come up with that?
I think you did. I haven't seen it.
I. Haven't seen any Mudang I.
That's sad. You should.
I may just buy some and just run with the move Ember narrative
online. I mean this is I can totally
tweet about it and bull post the shit out of it.
It's got futures. It's still a billion dollars of
perps on Binance today. I.
Could talk to you Dang narrative right now.
Yeah, I mean, technically speaking I could Max be be Max
beating Mudang and Max tweeting about it and I can start what I
want because this thing is so big already, right?
I think that's fair. The Lisbon cabal has been all
over it so. The lesbian cabal has future
lesbianer lesbian lesbian. How do you call someone?
Lesbian. How do you call someone from
Lisbon? I actually.
So anyways, let's all go there before we get cancelled on the
show on move Ember. So move Ember Moon Vamber.
Sorry, 1st 2024 four four. Look at that.
Another beautiful thing. The chat's so funny.
A beautiful day. I got.
I got people just sending me like laughing emojis and shit
like crazy on the chat. Yeah, I see Bandit like.
Yo, Ben, how do you call someone anyways?
Do you know what they call a quarter pound of cheese in
France? Oh, Roy.
Yeah, sorry guys, I've just anyways, it's Friday.
I'm like my I don't I I'm just brained out dude.
I like I worked really hard this week Tyler and still their
entire team, but OK anyways, I got my Co host in the house.
Tyler, Tyler, Tyler, how are you doing today?
Good morning. I'm good.
It was a successful Halloween night.
The kids got loads of candy. The parents had some fun.
They're all school. So now apparently American
schools are just taking off on the day after Halloween, which
is which is All Saints Day. But so the kids are home, but
they are, they're busy. We're gonna hope they don't make
an appearance on today's show. But we're feeling good headed
into November. October lived up to its name,
and I think we're gonna see September as well.
Even if we, even if we brand it Movember, I think we're going to
be moving up. Yeah, I'm just, I, I feel like I
have to, I, I feel like I have to tweet Movember.
Like, I just like, like, like I got to put on the chain, you
know, hold on. I, I, I, I have to, right.
It's so funny that I, I don't even own the single coin, but
all right, fuck it. There you go.
I just, I just had to cement that real quick.
There you go. Yeah, for those get in the
stream. I love that.
Wait, hold on.
What's the intern? Lisboetas.
Interesting. I never guess.
I wouldn't have guessed that with 1520 guesses.
Never the same many lis buetas as the people Lisbon are known
professors seem to have Yeah. Anyways, happy all of that for
everybody. It seems like it's a it's a
national holiday. I thought Mendel was joking
yesterday when he was saying it's a national holiday in in
Portugal today. But I forgot that it is because
when I was school in French school from France, we had I was
telling, I was telling Tyler that we get 2 weeks off.
I mean, see, I told you he was fucking around.
I told you he was joking. I know this is really like my
crypto fucking husband slash wife.
Like this is my crypto. Like I I spent the last 800
mornings with this guy, 900 mornings with this guy.
Sorry. Man don't be sorry I I was just
telling so Tyler doesn't know the the text for understanding
joke and I think I get some more when it gets it.
Even Sims fell for it. That was the disturbing alcohol
days in the in in Portugal, if I took it would be I wouldn't
barely be at work. Question for you, Amanda.
What did you call someone from Lisbon?
Lisboetta, OH. My God, that was.
You knew it. Tyler thought he was a lesbian,
but no, he didn't. I'm kidding.
Also between we're still in the introduction part, actually,
man, because we're talking about the fight.
I just came up with something today is Movember first Get it?
Wow. Yeah.
That's that's what you've missed.
You should you should you should run with that narrative in my
opinion as a as AI don't even hold any mudang.
But I like the narrative of move ember so I I may just have to
buy that. What?
No, no, that's good for Mudang. Yeah, that's true.
Move Amber, and you make it all month, right?
So anyways, tell the show today, today, God, everybody has their
mission today to just Get Me Out of track.
But you guys are just like everyone's just keeping me out
of focus this morning. This is insane.
Anyway, it's another show today. Oh sibs, my God, daily market
report as usual, crypto, all that good stuff.
We bought them yesterday. Yesterday was the stone cold
bottom of the market. You're never going to see these
prices again. I'm sure you're with me, Mando,
that we haven't talked about this back end, but we're going
to talk about it now. Tyler's top 1000.
See what Tyler has in store for us.
Robin spin today. Someone's going to win.
I feel like today's going to be like a sprudo win like it's just
bent meant meant to be right. Sprudo win in honor of
yesterday's WIC on on ticker Bitcoin actually.
And then last but not least, this show is powered by Galaxies
with seamless built in monetization tools.
The galaxies enables development of sustainable long term
communities, fulfilling Bitcoin's vision of
decentralized freedom and independence from centralized
control. And without further ado, Mando,
talk to us about this market. Can you dig it?
GM yeah, I said not to get shaken out yesterday.
I felt like it was we're just going to see this chop.
I think we'll probably see at least one more chop by the way,
before the election or the day before and the night of like
don't be surprised if Bitcoin heads below 70 KA couple of
times. You are bound to see some
volatility here just because of the impact it could have on
crypto. And I think a lot of people have
rushed into this late crypto trade, particularly Bitcoin.
So, you know, you could have some panickers in that sort of
world, I think. So, yeah, be very, very wary
that we're going to see volatility now.
I do think it's it's a, it's still going to be bullish no
matter what happens. Even if Kamala wins, I still
think we'll have a dip. And then I think we'll we'll
actually rally back. But yeah, we'll see.
We'll see what happens. I think it's the time to buy
good coins on bad days rather than chase good coins on good
days because I think you'll have an option, You know, you could
have bought a lot of different coins that are running today,
down a lot yesterday and I think you'll have to do that again.
So that's the way to make money in this market.
In terms of what specifically happened, we just have NFPS
which came out today, which was slightly.
Euros. But it wasn't, it wasn't like a
craziness. Unemployment stayed the same.
Think it probably nails on that we're going to have a rate cut
again next week. We have the, we have a FOMC just
after the election, right. So it's going to be a little bit
volatile after that as well. But I think odds on they're
going to cut rates one more time and it's really just if they cut
them in December or not. We saw Biko dominance is still
hanging out just above 60%, although you do have a bit of a
rebound in I think some. Is Solana the the best of the
majors right now? Yeah, Solana's the best of the
majors probably makes the most sense, but Bitcoin at 71, you
know, solar Neath have definitely underperformed since
it was last at 71. It looks like mean coins came
back relatively strong. That index of of means which I
like fog Mog, Ludang, goat all had decent bounces.
Fog actually hitting all time high actually looks like right
now definitely some bullishness around that one and then some of
some of the some of the murab memes have bounced particularly
Retardio. I do think that this this there
was a big sale of the ticket Bitcoin yesterday which I think
will scare people a little bit because this is like classically
what the risk is for these coins is that they haven't got that
many holders and when one person exits it can be really messy.
I think it dropped like 50% in a Wick yesterday.
So yeah, just be wary of that. Like I think that will make
people think a little bit around those coins, particularly the
ones with low numbers of holders versus versus market cap, which
is kind of his whole shtick, right?
So that was that was a prime example of how it can, it can go
slightly wrong. I mean, you'd never really see a
candle like that in like Pepe, for example, or or I'm trying to
think which ones have big, big holders.
But like with you don't see handles, right?
Whereas with these, with these coins, oh actually every single
one of the ones on his list, it can.
Be like that that was a candle that was a crazy candle on that
on the on on Bitcoin. That would that I'm sure Tyler
was going to talk about it the retarded one also this morning
similarly, but on the other side felt nice.
That's the one question for you man up.
We got a lot of the data out of the way.
I think this week was a heavy macro week, right.
So now, of course, it's on to the elections, right, and he
said FOMC right on the back of that.
It's going to be an exciting time to to watch.
I think this weekend's going to be really fun.
I can't wait to I can't wait for I think we could go back to near
all time high this weekend. But question for you guys
actually is, do we want to it's November 1st or sorry, move
Amber first. Now, do we want to make some
calls of how where we see Bitcoin, Ethan?
And you know, you know, I like that.
I like that, but not in the year, but in the month.
So you're looking at this for Bitcoin here.
I'll I'll show every chart. So this is the monthly Bitcoin
chart. What do you think you guys give
each go? Like what do you guys think?
Yeah, I, I think, I think Bitcoin AD just up just above
ADK would be a nice, I think it's going to pick up pace
towards the end of the year. That's the other thing.
I think people are going to start to think of the best
trades into 2025 even if Trump gets in and I think Bitcoin will
be seen as one of them. I also think altcoin, I do think
Bitcoin dominance could go down a little bit.
So I do think you could see an outperformance here at Solana
and ETH for the first time in, right, which is kind of what I
was saying yesterday. I think you can call it both
ways, but my gut tells me that Bitcoin dominance having just
been up only in the most steady looking chart since 2022, maybe
even longer. Actually, I think could be,
could be. What?
What price? What do you think?
What are we thinking end of November?
Well, if Bitcoin's at 85, let's say that's up 20%.
So I would say Solana could be at 200 in that world, maybe to
10:00 to. 12. Maybe that puts it slightly.
Maybe that puts it like about 200, yeah.
All right, Tyler, what do you think?
He, he, he took my prediction. I was going to go the 82 K to 85
K range. I think we'll see one of the
months where we'll see like the 15 to 20% move and another month
we'll probably see like the 10% move.
How I see Q4 playing out. I feel like November is more
likely to be the explosive month.
Yeah. But it might depend on the
election results. Yeah, could be done with that.
I love how you guys both just skipped Ethereum. 25202520 is my
ETH prediction. It had a red month, which is
wild. 520 on ETH. I feel like every time I check
the ETH price is 2520. Oh, true.
It's such a price, 2520. It's such a mean price at this
stage. What do you think, Mando?
I really don't know with ETH could outperform.
I do think it could outperform for the one again, one of the
first times here, but I also would be completely not shocked
if it didn't. What I do think is that other
altcoins will outperform Bitcoin if this moves, because I think
people look for, well, this really unlocks this tokenization
and a lot of that is happening already on ETH to a certain
extent, like you saw another yesterday tokenized on ETH by
Franklin Templeton Clark. Bought ETH yesterday I.
Was going to bring that up. I know you were because it it,
we were talking about it yesterday, but BlackRock
acquired Ethereums yesterday, guys, $50 million for it.
It's pulled. Up I mean, it's it's worth it's
like I I, I take my chances to to dunk on the ETF influence,
but have to have to give them the shout out on.
Love. Exactly.
See, I appreciate that about our show.
We're we're capable of that. It's right there.
I haven't been tracking super closely, but that feels like one
of the biggest numbers we've seen like since launch.
I believe so, actually, Yeah, I believe so.
It was so, yeah, it was so strange.
They won, They won. Was big, right?
They won. They won Bitwise one big.
Bitwise was the number one. I think it was within the 100
something $200 million. But yeah, I mean, that's, that's
probably one of your best, yeah scenarios, right?
If you're if, if you're an ET bull here is that the the ETF
turns lagging and perhaps it starts picking up a bit.
All right, let's see. I think I was thinking about it
earlier talking about the boys. I think like 84 K, So I agree
with you guys E 285 range then. So a lot of probably like 2 O
5:00-ish and the month and then after that, I think that's where
we really like cross the all time high.
I don't think so on cross all time in November.
So I would like it for my bags like 2O5210 retest and then
Ethereum. I actually think 2750 ish
because that's like a 12/10 ten 12% month after red month could
see that unless you have a Bitcoin ETH Bitcoin reversal.
But. If there's any time for it to
happen, it's after this election.
If Trump were to win, that's he. Yeah.
I think the only time I can imagine this team is reversal.
So maybe we do cross 3K like maybe the.
I mean, we yeah, yeah. What's the guess who's going to
be in office, right? There's a world where ETH does
outperform there and the reason why Solana has these unlocks in
Q1. So E becomes like a slightly
better trade fall back tokenization angle into Q1.
And it's worth like this would be so good for the ETH memes.
So, so like I, I, I really want like, you know, you taught me
theorem reversal, like Morgan Pepe go crazy, right?
The weirdly again, there is a world where memes don't do as
well. Yeah.
Because because you have this
all these utility plays that suddenly become more attractive
and a lot of people there, there was a big, I think there was a
big piece about it like a week ago being like meme coin
dominance could it could go one of two ways because yeah, you'd
some bored people and people want to own memes.
The other thing is that suddenly crypto has the opportunity here
to be something a bit more. I'm not of the view that like
meme coin dominance really. I think it will probably keep on
going higher. But.
There is a world where that could happen.
No, get it? So I, I think you guys are a
little underweight Solana in a, in a world where Bitcoin goes up
20%, like I think slot probably moves like 30% or or more, it's
like we could see that 225 plus. Yeah, I mean that I'd love that.
What are we looking at? Like this is this monthly is
insane. I mean, I, that's what I'm
thinking like November, you finish here like in this range
here, right. And then the month after you
push. But that'd be great.
I think in the world where like Bitcoin's 85K where Solana what
220 2/10 something. Yeah, it's the obvious next
trade. Also, you talk about alts, I
mean radium. I was just looking at the radium
chart. It's up 100% this month.
It's one of the best best alts in the board.
That is wild this radium, it's Jido, it's Jube.
I think what are the Solana like utility if people don't want to
play meme coins right? Because that's not for everyone
right? It's like.
Camino radium, Jupiter. Wow, what a year.
What a year for radium. I mean, every single coin that
gets bonded off pump fund ends up on radium.
Like radium is like you, you, you, you know, you sign the
shovels, right? That's what you that's what
you're betting on. Well, yeah, this is the the
whole point about a lot of these DEFY tokens is they're
governments tokens and there could be a switch to them being
something a bit different. The the real bullish case for
for and there's been a few like fights along this angle.
Uniswap debated it for a while, a few others down that route.
But like a lot of this Defy is happening on Solana.
So in some ways I do think some of the Salon Defy coins might be
even better than Solana into those unlocks.
Interesting. I'm just saying that like.
Yeah, yeah. Those because I just, I just
know what the tape's going to be like in December and we're going
to hear a bunch about it. Yeah, Solana ecosystem, let's
look at it right the category here on on coin market cap,
Yeah, where is where are Popcat and in a world of Solana above
210, I'm like bugging. I don't know.
Actually. I actually don't know.
Hopefully with four popcat like 2250, yeah.
Let's go OK with or popcat 250 if with if.
Popcat 250. If whip is 250, pumpkin is 250.
I'm happy for public eye holders, but holy shit will I
will I be worried about about the whip back anyways.
All right, well, let's move on to today's topics of the day.
Tyler, it looks like your kids are trying to bug you here.
They should come in with the introduction for you.
Do they know their daddy has their own introduction on a, on
a, on a big morning show? Do they know that?
They are just running havoc around my house, so the show
goes on. Top story on the day, Trump's
World Liberty Five team, they've cut their fundraising target by
90%. Massive slash down to 30 million
from their original goal of 300 million at a $1.5 billion
valuation. In other negative news, we saw
Immutable receive a Wells notice from the SEC related to alleged
securities violations for its IMX token sales in 2021.
On the lighter side, Tether announced 2 1/2 billion in Q3
profits, bringing his 2024 year to date total to 7.7 billion.
They are printing over at Tether, quite literally.
Moonpay announced that Uniswap users can now buy and trade
crypto directly from a Venmo on ramp.
I actually downloaded the mobile app I I saw it myself.
That is a slick onboarding experience there With Moonpay
and Uniswap limit break their back.
They announced a new version of Wii called Rap Native.
Which consolidated to just one address across EVM chains,
offers more gas efficiency and UX benefits to devs.
Vanek announced that they have invested in another Web 3 gaming
play called Gunzilla Games. The creator of Off the Grid and
then Franklin Templeton has brought their on chain money
market funds to base, so now live on base.
In protocol news, Nifty Island's play to AirDrop campaign ends
today and then folks will be looking towards that AirDrop.
Grass announced stage two of its network indicating more rewards
and product features are coming. Zurkit announced that 2% of its
ZRC tokens are going to be fair dropped to Eigen holders.
So a lot of the token AirDrop news there timed out.
Fun announced they are moving from base to Solana.
They highlighted the differences between the two chains and
called Solana more real world in their move.
I'm sure we'll pull up that tweet here in a minute And the
meme and NFT sector we saw Vista, the ether Vista coin jump
40% to 52,000,000 in a new all time high.
That's the pump fun over on ETH, Coinbase added Nero to its pert
future, so maybe we'll start seeing Coinbase list the tokens
here, ticker Bitcoin. Mando mentioned it.
It briefly crashed after one holder sold 3,000,000 plus
tokens in a single clip, though it rebounded pretty quickly.
Retardio giga lean. The Mirad means flog at all time
high. This morning we saw Meme Land
tease the launch of a new pain token that it's incubating.
And then I don't I don't think we covered this yesterday.
Pudgy Penguins are launching a mobile game called Pudgy Party.
It is coming in 2025 on the Mythos chain.
So shout out to the Pudgy team. And that is that's the roundup.
Wow, this is there's a lot going on.
They also launched this new toy yesterday for Halloween.
Yeah, I missed that one. It's, it's a really, really cool
toy. It's the ghost.
I, I don't do that often, but I texted Luca right away.
I don't know, I just really want this.
I want it from behind. I, I, I, I have to say, I, I, I
don't play that card often. I did yesterday.
Hopefully it comes through, But I saw the toy last night.
I was just chilling on the couch watching TV and I saw the toy,
this one, and I was like, bro, I was like, I need to I need to I
need to put it right here. You know it, it's got to go
right there. It I mean. $1200 floor on
secondary on eBay. Oh, wait.
Yeah. Oh fuck.
I mean, look at this. It's cool, right?
This is like toys for adults, you know, like this is this is
for us, like the kids get the little plushies and shit, you
know, but but these are these are super cool.
I love them. They're like collectors, you
know, So in the box box, everything's great.
So anyways. I actually had a picture of it
up on my screen and my daughter walked over and immediately said
like, what's that Like? They, the kids, are attracted to
it too. I love that anyway, OK, so where
do we even start? I think the time not fun cannot
ties into that. We were just talking about the
theorem, Solana, all that good stuff.
So that was quite a quite an announcement.
And on the back of that Ether Vista was is, is that why Ether
Vista brand? I don't know if there's a
correlation, but give us the the update there.
Yeah, if if we had the time dot fund, we.
I'm getting it through. Yeah, I'm getting.
Yeah, let's try to get that pulled up here.
I'm getting that pulled up for you right now looking for it.
Time dot Fund and folks don't know it.
It's an app where it is it was it kind of was born in the
social Phi craze. You can as a creator or founder,
you can effectively sell your time.
Folks are able to buy and trade chunks of your time effectively
like meetings with you, so they're tokenizing your time
that they built on base. They're making this big move OX0
0X cause a brief essay explaining their move.
I pulled out a a highlight here. The vibes and I'm quoting the
vibes on Solana versus ETH couldn't be more different.
Solana encapolates what the real world is like DJ and
speculators. Your average person.
ETH feels like a bunch of philosophers looking down on the
average person. I thought that was a notable
quote, right? And and it seems to align with
most of the the boots on the ground vibes that that I see,
but not we haven't seen it as much in like the builders
founders circle. So I think this is one of the
first bigger founders that I've I've seen treatment like this.
I think we we saw it when A16Z released their their dashboard.
That's still 80% of of builders are on EVM and Salon's only got
11%. Like honestly like that, that
ratio feels off. It feels off.
Yeah. And I wonder if this is just,
you know, we're starting to see more and more signs of the the
move to Salama. What do you guys think of this
statement? Would you guys agree, disagree.
I mean, I'm going through Jesse Polak's by the way, we, you
know, stream on video every day and it's usually a better
experience if you're listening on audio, still append it.
But what do you think? I mean, I'm reading Jesse Paul
asking our receivers. It's a great response as always,
right? But, you know, respect and
support all that stuff. He says that, you know,
respectfully disagrees. Every day I wake up and build
alongside thousands of builders, building the future, having fun
and working together to make it happen.
What what do you guys think about the statement?
I think it all comes down to the user experience.
So like I, I am active trading across chains.
The trading experience on EBM is just notably different and worse
it it's multiple clicks to do anything you want to do lots of
bridging and everything on Solana is just faster and
easier. And I think that's where people
want to, to do things. And Jesse's right.
I mean, there, there are, there's way more builders on on
EVN than there is on, on Solana, But I don't that doesn't really
reflect where people are playing.
So like if you want to go to where people are like that's,
that's Solana right now. Yeah, yeah, no, of course, man.
What do you think of the of the statement though?
Like you know that he says the vibes on it can be more
different and he talks about how you know the ETH echo is more
like look down the person sworn as the opposite.
Yeah. Look, I think there's there's
some truth to that. But I think that's also like a
bit of a, it's difficult to say because I think part of what
crypto was many like back in 2017 has slightly been lost, I
think more recently. And I think some of the like, I
do think that like the E founders came in here with like
a real view with like a long term, like we're going to build
the the future of money view. And what people have really
wanted is just like the best experience to gamble with.
And there's kind of that attachment between the two of
them at the moment where I think some of the older guard of
crypto feels slightly disassociated with what people
are actually out here doing. Like we would just want the we
just want to trade, trade memes all day, right?
And like, that's what that wasn't what I think a lot of the
original guard got into crypto for.
And that's kind of I think they're a little bit like
disassociated with like what's been going on and feel as though
they kind of look down on it on it because that wasn't why they
got in involved in this by any means, whereas Salon has kind of
completely embraced it. And I, I also think that the
mudsling between the two of them though can be a little bit like
that. Because I think that a lot of
the, a lot of the issue about ETH right now is that not that
much has been happening or at least the price has gone down.
And there's a lot of like mud sling slinging around like
decentralization or, or the Solana going down and all this
sort of stuff, which I don't think is a good look for ETH.
But at the same time, it's tough.
Like I think Solana has got herself in a strong position as
being the fastest, quickest chain and and we're all going to
DJ in, but it's not necessarily the like the best Moat like you
can always come up with. I think in 10 years time that's
going to be something else, which is like the fastest,
cheapest, the gamble. And I don't, whereas E they're
slow, but they I do think it's going to be around for a long
time. A little bit else from, from my
point of view, like that on the whole, like philosopher aspect
of this, you know, I've seen the criticism that like, oh, this
new wave of crypto people, all they want to do is gamble like
no one wants to, you know, we used to talk about like what
we're building. Look, we don't talk about it
because like we all know like that that conversation is played
out. Like we, we know what Bitcoin
is, we know what Ethereum is like there's no reason to sit
here and talk about it every day.
Like we, we talk about what's relevant and and new on a daily
basis. Like it, It doesn't mean that we
don't think Ethereum is the the future of money.
Perhaps we think that that it it may have been overvalued.
Yeah. Delivered against that that
vision. They're also like, it's slower
cooks, like medium, of course, are day-to-day conversation, but
like what someone's building, Yeah, maybe it's every few
months, you know, you can cover it.
And so there's only so much you can talk about.
But it's interesting that they felt that way about about that
situation. I'm not necessarily true,
because I think Jesse box was answer was really good.
But hey, I think it speaks to the state of the space that they
moved there. We'll see if it works.
Didn't work out for for pack moon when they move their their
community over, right, and those different and those different,
different product, whatever. But hey, like it doesn't mean
that, you know, migrating is is going to just like save your
app, right? It's maybe about if people don't
use it, they want to use it, right.
If you have the right attention, the right people and they don't
use it right. So like people don't use base.
I think it's the numbers don't lie there.
Tyler, the other big news tether, I mean, just a few days
ago it was tether FUD dropped, of course, was it Wall Street
Journal or Washington Post? It was a Washington Post.
A wipeout came for came for a good old tether FUD and Paolo
Arduino yesterday updated us with some big numbers.
Yeah, I mean, they're they're just printing over.
There's a 2 point, 2.4 billion Q, 3 profits, 100 billion in
U.S. Treasury exposures like the
growth number is what's so huge. So 30% growth in USDT market cap
if you look at that. So like I think it it equates to
28 billion, their biggest competitor is USTCUSTC is only
34 million. So.
So they grew this year by about as much as their competitors
total size. Wow.
So that and they're, they're the clear, they're the clear top dog
right in size and it looks like they're just going to continue.
He's got some more outlook for for Q4.
I think there would be no reason based on what we've seen so far
in Q4 to think their growth is going to slow down.
So that they look pretty strong. Yeah, this is.
This is honestly just insane. They've got like 40 employees,
Like one of the most profitable per per employee company in the
world. Oh my.
God, what a business, huh? What a fucking business.
This is insane Anyway, so that's some good news on that front.
Quickly before I go to the next topics, Tyler's got for us to
code today's Memes, Emmy MES memes raffle ball that it's very
simple. Every single day we give a code
during the show. You go to raffle ball that XYZ,
you connect your X account and all you have to do is perform an
action, usually follow us and you know, retweet a specific
tweet, yadda, yadda, yadda. And once that's done, you enter
the raffle at the end of the show in the last five minutes
around 10:55 AM Eastern, reselect the winner and then we
spin. And then you can win anywhere
from 2 grand to like, you know, 70 something K and I have a good
feeling about today. Anyways, Tyler, what else?
I saw the Venmo news for moon pay.
It's big again. I don't think that we could go
too deep into it, but again. It's not much to say, but like I
I'm a big Venmo user and now I, so I downloaded the app and I
saw it. You can just, you have the
Uniswap app on your phone. There there's four ways you can
fund your wallet now. One of them is Venmo via Moon
Pay. So it's getting easier and
easier to to go Fiat to crypto here.
And not only that, like Fiat to crypto, but fiat's like memes,
Fiat to whatever else, whatever you want to trade is getting
easier and easier. Like Moon Pay.
They've really been rolling out these announcements this month.
We've got to give them credit. They're doing their part.
Bro, moon pay is like in moon shot in Venmo, PayPal, fucking
they are everywhere. I mean, it's like a virus.
Keith Grossman, you're a virus. It's it's it's insane.
It's insane. They're they're they're in
everything. Everything's around Mumpai.
Fiat to my bags is now available.
If you're in America and you're one of the 10s of millions of
users, definitely rotate, you know, from from Fiat to my bags.
Yes, please. It would be.
It would be good. I'm I'm trying to look at how
our ruins are doing. If they they, they, they are.
Terrible. Actually, they kind of bounce in
the back in the last couple hours, I feel.
A little bit like so sometimes the match getting born can be
can be misleading. Oh, oh, what do you mean by
that? So like it can be up in SAS, but
like if Bitcoin is down, the market cap is still got it, it
can still be red, but now bitcoins rallying.
So those numbers might be a little bit more more more
accurate Memento Mori just oh, OK, Mori rebounded.
So it was down to 10 when I woke up this morning.
So it's coming back up. Volume is way down.
I think we need to see that new rooms memento Mori.
I think we probably need to see it run a little bit because if
it was just a liquidity suck and then it goes down only and
people are are down on their bias, that's probably going to
hurt the eco because we we we looked at it yesterday like
there's not new money coming in. So we need, we need folks to be
in the profit to to be able to rotate elsewhere.
So I'm not expecting like a cook weekend on the runes bar.
We would love to be wrong there. I think what what shocked me the
most in the meme streets was this was Vista.
So Vista, if we pull up the chart.
Sir, on it I saw that fat pump. Just straight parabolic to 50
million. But it's not on the back of
success of its memes. So if folks don't know either,
they launched Ether Fun and it is effectively the pump fund of
Ethereum. Yeah, it has gone straight up.
Now it's $60 million market cap, which it which is far lower than
far lower than what pump fund would be valued at.
Perhaps it got, you know, too cheap.
But I looked at the Ether fund leaderboard and there's only one
coin over a million, so like and very few even over like 150 K.
So it's not like there is an explosion of interest in trading
these these coins, or at least they're not having that much
success. I haven't tracked the the user
data, so I don't know. I'm a little puzzled by this
one. Wow.
But a pretty notable move there. Do we know?
So you don't know what caused this?
No, yeah, that, that that's kind of my where I was going.
So I don't really know. I.
Feel there's something like Logan it's in Logan tweet about
this shit Logan who's? Been covering it.
Yeah, I'll see if he if he can ping us here.
Yeah, surely Logan knows. He's usually listening to the
show. Maybe if Logan knows, he can
come up here. But that is Ether fun.
Yeah, I don't know, but that's something to look at.
I mean, hey, if you believe that there's going to be an Ethereum
reversal, maybe there's some stuff on Ether fun that go.
This, this leading coin, and I feel like it's under 10 million,
but I'll talk about because it's the leading coin.
I don't own any. I don't own any it's called.
It's just a picture of a a dog, so it's like a pup.
Here we go. It's not the, it's not really a
great name. I feel like Clovis has been,
he's been covering the price action.
But yeah, I don't know what we've dug in on why, yeah,
things are moving. So we'll have to.
We'll have to dig in. Yeah, have you tried Ether?
Fun man though is there an epic on?
No, here I am. No, I I thought like this with
Jing Taos played with him. I just looked through his tweets
now and he's not tweeted about it once.
So what's happening? There, that's probably why it is
pumping, because you think it's about goes the opposite way.
Yeah. Damn, I I'm trying to look right
now at I'm just trying to look like what?
Like if there's someone or something like if there was
something that caused it. It sure is.
I'm just looking, you know, maybe some stuff runs on it over
the weekend, so pay attention. Yeah, I think that's the take
away too is like we might with this big of an influx we might
see. He says there's no good memes,
but still basically don't want to pay attention.
Well, maybe they'll pay attention now, Logan, so we'll
see. But anyways, follow Logan and
Lucky Trader because Lucky trader actually, you guys have
been on all these little plays there.
Actually, Speaking of which, how's Luna?
Let's talk. Can we can we talk about AI for
a second? The AI meta, because we haven't
in the last few days. How's our goat?
I mean, it turns out, by the way, the terminal of truth is
the 55 year old woman Mando. I think more people are seeing
true terminals tweets now perhaps than they were like it.
It always tweeted like this. But I mean, yeah, there's some
just absurd so. Here, here's the latest one.
This one was this one was absurd so I'm not going to read it, but
where's the one where it says it comes out as a 55 year old
woman? It was great.
I sent it to Keyboard Monkey this this morning.
Where did I send it to KBM? Oh, here it is.
Yeah, I found. It it's on, it's on.
What's it called? The what's the app that we all
fucking fantasy talk, right? Yes.
It's one of the best. It's yeah, like I, I don't know,
I think it's got a lot of engagement for life, This thing,
this thing. Is yeah.
Oh wow, 191,000. Yeah, it's moving GOAT.
I mean, Goat's still consolidating.
It's at 566. I think we we need to see like a
bigger move. It looks like it's still kind of
been a downtrend, but I don't think that the huge surprise, it
basically went up only for two weeks straight.
So a little bit of cool off, kind of huge surprise.
Luna and the virtuals protocols like that, they've been cooling
off a little bit. All right, looks like it's it's
pumping here. Exactly.
At least virtuals has I think, I don't think Luna is a good trade
compared to virtuals. Let let me put that one that
way. I think that's what the market's
already said, right. Luna's at 2 was at 250 Virtuals.
Is is kind of not far from all time high here it's 20% off 25%.
Well, we'll rebound in Luna, but 50% off hotline is it hit 90
yesterday, but I feel like attention in mindshare has like
gone to 0. Like I, I feel like I saw a lot
of people talking about and now I've seen zero people.
Nobody's tweeting about this anymore.
And I mean, maybe the base cabal will will get behind it, but if
they don't I don't know who. Who else?
Well, it looks. Like Coinbase is is is is
getting involved in memes more? So you said today they listed
Neero spots, Neero futures? Neero futures listed on on
Coinbase, which is like that's a newer token, right.
So it's. I don't know, they were quite to
get the perps going on that one, huh?
Yeah, they they really were. So you know, who knows, maybe
we'll see Mudang from Move Ember.
Dude Mudang from move Ember, where's Mudang at?
Let's see where Mudang starts. Moving the volume on Binance,
right? Like how could you?
Not see how's the how's the volume doing there?
But oh also. Selling insane.
Best place to see this? Do you know what's the website
again? Either coinalise or coin.
A glass. What's that one glass?
So coinal Mudang here. There you go.
Wow. Yeah, I was actually curious
where you see the stats too. Yeah, it's a coinalize he all
sent to you. You should have the coinalizing
coin glass in your in your bookmarks.
They're great websites, by the way.
So there it is. Oh, I change everything on here.
Big action on on. Yeah, big.
Big action. We'll see, I mean.
If if you go around the rest of the horn and we talked about
flog, it said all the time high, that chart is just unbelievable.
Wow congratulations to the flog people like.
This. I'm laughing because he's just
pulling off the chart, folks. If you're just listening, I get
it is. It's the thing of beauty if you
are a flog holder, which I am not, but man.
This is insane. Reminds me of the Giga chart a
little bit. Yeah, you.
Know does that's probably where it goes, right.
It probably goes to like the four hundred $500 million range
and then perhaps just kind of chops there for a bit.
It's actually quite similar. You probably need Giga.
Well, actually, I don't know. I mean, Fog's not on the Morag
list, so it probably plays its own.
What a candle Giga, by the way, on the daily.
Yeah, I mean the the Maraud memes are are having a good day.
Yeah, let's go quick. Quick, quick, quick, quick is up
big Ritardio's at basically at all time high.
They're all kind of knocking on all time high here.
Ritardio came back out of no way and like look at this.
At all time high. This I, I felt good about this
one when you guys texted like, yo, Ritardio's up and I woke up
to this. Like, that was a nice thing to
wake up to, I'm not going to lie.
Like when I was at 93 mil, I was like, holy shit, it hit 200 mil.
Yeah. Yeah, it looks like it's bounced
off in a few times, but I mean, it's, it's a clean 2X in six
days. Yeah, clean 2X in six days, 180
mil now Mando. The rest of them are rod memes
here. Let's just cover them quickly
and then move on to the Arbitron updates so we can do a real bit
giveaway. You're at 811 mil for SPX 787
mil for MOG, which is probably looking great.
Giga 600 APUS, 243 Bitcoin Tigger Bitcoin had that mega red
candle yesterday. Hold up.
I've got some thoughts on that. What are?
What are your? Thoughts here like gave it his
word of caution and of course, like that is, you know, sound
advice. I kind of saw this the opposite
way like I think how could you not be bullish that holder
Bullsack Hitler's 3 million in the coin and then it rebounds
like immediately like that the dip like ever.
It it showed to me that there are just people who are waiting
to buy any on these on these good Maraud coins and they got
their entry. And I, I, I saw people in my
group chats who don't, who aren't really even active meme
traders and they bought the, the ticker Bitcoin yesterday because
like you don't get that kind of entries on these very much.
That was a gift bro. That was a dip.
That was 71% dip from all time highs.
But yeah, but nothing really trades there, you know what I
mean? Like that's the weight, right?
You're right, you're right. You can't really catch that,
right? Unless you had like crazy stink
bids, right? Do you want to buy it today?
I would not buy this ticket today.
Just to let you know, like I think not look, because you,
yeah, you're right. People buy it on that dip, but
then they're not like that original holder right there.
It is in it because they saw this dip and then they they want
to set up on a 10% move. Like, I don't know, I don't like
that at all. Interesting.
OK. And then what else do we have?
So going down the line you have so lock in, bounce back to 16
out 58 mini's 52 there. So those two are really like
head to head and then USA also. So everything seems to have been
up in the last day and last six hours at least.
They're all heavy green, which is wild.
And so yeah, it seems like memes are gearing up for a way a leg
up again. We'll see what happens left.
Another story to watch real quick is meme lands.
Like meme land hasn't really launched or incubated a token in
a while that they're incubating this pain token.
You'd recognize the meme. It's the it's the old man who's
like holding the cup of coffee and like smiling but clearly has
pain in his eyes. Like, so like that's the meme
that they're they're incubating here.
So they're not the team behind it, but they're helping launch
it. The pain meme, right?
Yeah. Yeah, so they're.
Incubating it. That means they're launching it.
Yeah, it means like the stake land people will get access to
like a a portion of the token. It's like.
Juke right with when and stuff like that.
Isn't that similar like launchpad everything like they
took everything for the token? Help them potentially get
finance listings. I think it was announced at
Binance Blockchain Week. Yeah, they have, they have Asia
down path over there. They like there's they got a
strong grip on the East. It's it's a good meme, but like
the perhaps my mid curved brain is like if we flip into a bull
market, is a pain meme going to do well?
Or I mean, maybe for folks who are like who missed everything.
Yeah, we'll see. I mean there's a photo of CZ
here with the with the guy. That's a good sign.
So that's always a good sign, you know, and so and so and so
there's there's a lot on that that's perfect.
All right, well, look, I think we can go through the arbitrary
update, Tyler. I think we have a few things on
on behalf of arbitrary to talk about.
Looks like they're they're on top of it.
And then and then stick around. The code is memes.
So raffle bought dot XYZ raffle bought dot XYZ code memes,
MEMES. If you want to enter the chance
to win potentially $80,000 today, minimum 2K.
But Tyler, what is arbitrary up to?
Yeah, there's a lot going on. I'll start with some
infrastructure news. So they enabled fast withdrawals
from all their orbit chains. Orbit powers a lot of L twos and
Ape Chain is one of them. They said no more waiting seven
days to get your funds. Now you can get your assets on
chain or off chain in 15 minutes.
So, so quite the the speed up there in in time.
We also saw the Alchemy team, they they're partnering with
Arbitrum, they're going to sponsor $1000 in gas fees for
for builders. So I think you, you kind of see
these things on a weekly basis with, with Arbitrum right now.
So there's a lot of incentives in the broader ecosystem.
On the product front, three products that were somewhat
noteworthy launches here this week.
So we saw two different prediction market launches.
So one's called Arbitrum predicts, where you can use
Arbitrum token to bet on the election markets and earn 10% of
the protocol fees. And then also this one called 9
Lives, which also has an election market and its own
currency, FUSDC, but with its own.
I love it, I love it. Maybe she maybe she likes
Arbitrum bro like what? She just wants to to chat about
Arbitrum but not not right now. Sorry.
But back on 9 lives. It's an election market.
It has its own currency FUSDC. It they do tout different
dynamics compared to normal markets, which is tied to the
chance of the outcome. And then the shares were sold
after the event on Camelot decks.
So see. Traded more like tokens rather
than just kind of being rewarded based on the result of the
outcome. So 2 interesting prediction
market launches. Then the the last one that that
struck my attention was this poker game.
It's called rug dot Poker and I was trying to dig around a
little bit to see how the game works.
It looks like you can mint cards if you can mint like a joker for
like a point. Yeah, that's this is it.
So you have like a .0039% chance to mint a joker.
So if you mint that, you've got a very powerful card, you can
mint them, you can attack other players and rug their ETH is how
they're they're hauling it. So effectively you can play
poker like we haven't really seen a whole lot of like on
chain poker games. No like.
All over the last. Three years poker Like isn't
thread guy doing a mega fucking poker game?
That's. How it was like ball has like
gone deep into poker in the last.
See like poker, I mean poker's always been an insensor.
So part of crypto, right like on wrecked radio.
I don't can't even tell you how many poker players they've had
like on that show, right? It's like it's a big thing,
right? A lot of crypto guys are like ex
poker people. I fucking love poker, man.
You know what this weekend you want to do this weekend, guys,
I'm gonna go to casino Montreal, bring some cash.
I'm just going to my own. I'm gonna play poker for a few
hours. That's what I want to do go for
it. I'm trying to stay away from
from from the computer because I don't want to like sell or like
caught positions or do dumb shit.
No straight up like I'm dead serious.
I've been. Yeah.
I've been sitting on my hands. I've been sitting on my hands.
We have a few cooks for the weekend lined up.
Anyways, was that in for the arbitrary update?
Yeah, that was that was just another another big week, right?
They they keep pumping out these updates over.
Normal. Another big week.
I love it all right.