1 00:00:00,760 --> 00:00:05,360 All right, good morning. Good morning, GMGM. 2 00:00:05,360 --> 00:00:07,840 Folks. Welcome to another episode of 3 00:00:08,039 --> 00:00:13,520 FOMO Hour. This is episode 195, five away 4 00:00:13,720 --> 00:00:16,480 from the big 200. Next Friday's show is going to 5 00:00:16,480 --> 00:00:18,680 be a special because I'm already excited. 6 00:00:19,000 --> 00:00:23,360 Episode 202, hundred episodes of FOMO Hour, folks, today is 7 00:00:23,480 --> 00:00:28,920 Friday, September 6, 2024. Four 4/4 it's cooler overcast 8 00:00:28,920 --> 00:00:32,840 morning here in Chicago today. It is fairly cloudy. 9 00:00:33,160 --> 00:00:36,200 Feels like fall. The future of the US economy 10 00:00:36,200 --> 00:00:39,760 also feels a little bit cloudy after a shaky jobs report this 11 00:00:39,760 --> 00:00:42,240 morning. And now all eyes are on Jerome 12 00:00:42,240 --> 00:00:46,200 Powell and how deep of a cut he is ready to make on those 13 00:00:46,200 --> 00:00:48,480 interest rates. We're going to break it all down 14 00:00:48,840 --> 00:00:52,280 on today's show. No for Rogue, but big news Frog 15 00:00:52,360 --> 00:00:55,480 is back on Monday. We are very excited to have him 16 00:00:55,480 --> 00:00:56,560 back. We miss him with him. 17 00:00:56,560 --> 00:01:00,000 I think it's also his 30th birthday either today or or 18 00:01:00,000 --> 00:01:01,560 tomorrow. So shout out to Brooke. 19 00:01:01,800 --> 00:01:05,920 Happy birthday to him. Mando likely joining us here in 20 00:01:05,920 --> 00:01:07,880 a bit. We've got Logan Hiscock on with 21 00:01:07,880 --> 00:01:10,920 us as always here this week. Logan, Jim, how you doing? 22 00:01:11,480 --> 00:01:14,240 Hey, good morning, Tyler. Doing pretty well. 23 00:01:14,280 --> 00:01:16,600 Yeah, feeling the same. We're we're in the same weather 24 00:01:16,600 --> 00:01:19,240 patterns right now. So I'm feeling, you know, pretty 25 00:01:19,240 --> 00:01:22,000 similar to you, OK with a little bit of a cool down. 26 00:01:22,240 --> 00:01:25,320 Hopefully the market though, starts heating up despite the 27 00:01:25,320 --> 00:01:27,360 weather. I feel like I would get a little 28 00:01:27,360 --> 00:01:30,760 more excitement out of you just because of where we're at this 29 00:01:30,880 --> 00:01:31,680 U.S. Open tournament. 30 00:01:31,680 --> 00:01:35,960 So we've got what the two Americans doing last night, so 31 00:01:35,960 --> 00:01:37,960 one of them is guaranteed to be in the finals. 32 00:01:37,960 --> 00:01:40,480 And when's the last time there was an American in the US Open 33 00:01:40,480 --> 00:01:45,720 finals, you know? Well, a male, a man, 2003 or 34 00:01:46,080 --> 00:01:49,160 maybe later than that. The last win was 2003 Andy 35 00:01:49,160 --> 00:01:51,680 Roddick. So it's going to be, it's going 36 00:01:51,680 --> 00:01:55,320 to be really fun. We're guaranteed Jessica Pagula 37 00:01:55,640 --> 00:01:58,480 won last night in American. She came back from a set down, 38 00:01:58,480 --> 00:02:01,640 so she's in the US Open final on the women's side as well. 39 00:02:01,760 --> 00:02:05,640 So opportunities abound for the US Tennis I. 40 00:02:06,080 --> 00:02:09,280 Feel like it's going to be electric at that stadium. 41 00:02:09,280 --> 00:02:13,040 Stadium is the is the. It yeah, yeah, it's an arena, 42 00:02:13,480 --> 00:02:15,880 Arthur Ashe Arena. It's an incredible atmosphere. 43 00:02:15,880 --> 00:02:17,920 If you're a tennis fan, it's the biggest tennis arena in the 44 00:02:17,920 --> 00:02:20,200 world. It's it's unbelievable. 45 00:02:20,200 --> 00:02:23,560 And those two guys playing tonight will be just a 46 00:02:23,560 --> 00:02:25,640 tremendous atmosphere. Yeah, for sure. 47 00:02:26,440 --> 00:02:29,200 Yeah, so if you got nothing else going on tonight, maybe tune in 48 00:02:29,280 --> 00:02:32,040 for that semi final. The final will be Sunday night, 49 00:02:32,640 --> 00:02:34,240 I believe. So that's going to be a big one, 50 00:02:34,480 --> 00:02:35,520 folks. We're going to talk about more 51 00:02:35,520 --> 00:02:38,040 than tennis on today's show. What are we talking about? 52 00:02:38,040 --> 00:02:39,760 Some big topics for today. We're going to start with the 53 00:02:39,760 --> 00:02:42,160 quick market report. We've got this big jobs data 54 00:02:42,160 --> 00:02:45,280 that came out just about an hour ago and what it might mean for 55 00:02:45,320 --> 00:02:48,800 interest rates. We've got debate bingo now on 56 00:02:48,800 --> 00:02:50,160 Polymarket. What the hell is that? 57 00:02:50,160 --> 00:02:52,760 We're going to talk about that some breaking Nero news. 58 00:02:52,760 --> 00:02:57,840 We he thought Nero was dead. It is far, far from dead Fantasy 59 00:02:57,840 --> 00:03:01,280 Top finally turning a profit. It's looking sustainable. 60 00:03:01,280 --> 00:03:04,360 We had an 8 punk move for $1.5 million. 61 00:03:04,640 --> 00:03:06,800 That's the lowest in three years. 62 00:03:06,800 --> 00:03:10,800 Magic Eden going international with a bit of a surprise 63 00:03:10,840 --> 00:03:15,400 yesterday, a new vape to earn project, a new tokenized film 64 00:03:15,400 --> 00:03:18,240 fund on AVAX, and a whole lot more. 65 00:03:18,240 --> 00:03:21,760 There's a there's a lot to get into a lot of breaking news this 66 00:03:21,760 --> 00:03:23,880 morning. In fact, so excited to get into 67 00:03:23,880 --> 00:03:25,200 it. No roll, but today we are going 68 00:03:25,200 --> 00:03:29,120 to push that to next week. We are going to go super hard on 69 00:03:29,280 --> 00:03:32,480 roll but here next week. But I do want to give a shout 70 00:03:32,480 --> 00:03:36,560 out to our new partner, Galaxis. Galaxis, a no code web 3 71 00:03:36,560 --> 00:03:39,320 platform that empowers creators and communities to become 72 00:03:39,320 --> 00:03:43,760 owners. Check out at Galaxis XYZ on X. 73 00:03:43,760 --> 00:03:46,880 We are excited to have them on board. 74 00:03:47,240 --> 00:03:52,920 All right, all right, with that, let's get into the market report 75 00:03:52,920 --> 00:03:54,200 here. I'm going to get the screen 76 00:03:54,200 --> 00:03:58,200 share fired up for those who are in the stream. 77 00:03:58,200 --> 00:04:03,560 Give me a second on that. All right, we should have that 78 00:04:03,560 --> 00:04:07,280 up. So taking a look at the crypto 79 00:04:07,280 --> 00:04:12,040 board, it looks like we are down South dipping a bit here this 80 00:04:12,040 --> 00:04:14,160 morning. Bitcoin down about 3 percent 81 00:04:14,160 --> 00:04:22,200 55,570 ETH down two percent 2350 Solana down 4% at 1:30. 82 00:04:23,000 --> 00:04:27,040 It's kind of feels like a chop slash down week down week in 83 00:04:27,040 --> 00:04:29,360 general. So if we zoom out, yeah, I think 84 00:04:29,360 --> 00:04:33,480 we we are down a touch been kind of started the week around 59 K, 85 00:04:33,480 --> 00:04:37,640 so now down below 56. If we take a look at the 86 00:04:37,640 --> 00:04:42,040 monthly, yeah, we basically just traded exactly sideways for the 87 00:04:42,200 --> 00:04:46,720 entire month here on Bitcoin, had a rally up to 64 K that got 88 00:04:46,720 --> 00:04:48,520 us all excited. We thought it was so back. 89 00:04:48,520 --> 00:04:52,400 Turns out not indeed back at least just yet. 90 00:04:53,160 --> 00:04:58,560 The big news from the the macro markets here this morning was 91 00:04:58,560 --> 00:05:02,040 the US jobs data. So a few key numbers. 92 00:05:02,040 --> 00:05:04,600 Walter Bloomberg reporting this morning, US unemployment rate 93 00:05:04,600 --> 00:05:08,600 actual came in at 4.2% versus 4.3. 94 00:05:08,600 --> 00:05:13,160 That's exactly where it was estimated, but US non farm 95 00:05:13,240 --> 00:05:17,880 payrolls came in under so 142,000 versus 165,000. 96 00:05:17,880 --> 00:05:21,280 The reason that that is important here this morning is 97 00:05:22,320 --> 00:05:26,120 some of the big banks have been trying to figure out what is the 98 00:05:26,120 --> 00:05:29,360 path to drone drone Powell and the Fed cutting interest rates 99 00:05:29,360 --> 00:05:33,760 either 25 dips or 50 zero heads tweeted out a handy little 100 00:05:33,760 --> 00:05:37,800 matrix yesterday. They basically said that if the 101 00:05:37,800 --> 00:05:41,640 the jobs number was 4.19% or lower, it was going to be 25 102 00:05:41,960 --> 00:05:44,360 four point 3% or higher, 50 bips. 103 00:05:44,360 --> 00:05:47,920 And then if it was in the middle that it would depend on the 104 00:05:47,920 --> 00:05:51,000 payroll numbers. The the payroll numbers did come 105 00:05:51,000 --> 00:05:53,200 in slightly under 150K. So if you're following the 106 00:05:53,200 --> 00:06:00,120 Goldman rate cut matrix, then 50 bips, it is where that the Fed 107 00:06:00,120 --> 00:06:03,600 would be leaning based purely on the day they continue to say 108 00:06:03,880 --> 00:06:06,560 that they will let the data guide their decisions. 109 00:06:06,560 --> 00:06:10,400 We've had Mando come on, you know, earlier in the week we 110 00:06:10,400 --> 00:06:14,280 were talking about this and saying effectively the, the, the 111 00:06:14,280 --> 00:06:17,280 risk or the concern with them going 50 / 25 is it's kind of 112 00:06:17,280 --> 00:06:20,480 admitting that they waited too long or perhaps that, you know, 113 00:06:20,480 --> 00:06:22,880 they're missing the soft landing and that's perhaps why they 114 00:06:22,880 --> 00:06:26,520 would go softer with 25 out of the gate, even though the data 115 00:06:26,520 --> 00:06:30,160 does seem to show that it should be 50. 116 00:06:30,520 --> 00:06:34,520 We did see a, a bit of a move in the, the market. 117 00:06:34,520 --> 00:06:37,360 Wow, looks like that the move has already been erased. 118 00:06:37,520 --> 00:06:42,400 So perhaps the the market is already shaking off the news. 50 119 00:06:42,400 --> 00:06:46,480 bips briefly shot up to about 40%. 120 00:06:46,640 --> 00:06:51,720 I'm seeing you know where we got $0.38 here after the news broke 121 00:06:51,760 --> 00:06:53,600 this morning. It looks like it has since 122 00:06:53,600 --> 00:06:56,360 dropped back to 30%, which is where it was. 123 00:06:56,840 --> 00:07:01,600 So folks don't think, I guess assuming it's not enough for the 124 00:07:01,600 --> 00:07:06,840 50 bips we that we thought it, it might in fact be. 125 00:07:07,400 --> 00:07:10,080 So I'm a little bit surprised with that. 126 00:07:10,080 --> 00:07:13,200 I want to say that the the the broader interest rate markets 127 00:07:13,200 --> 00:07:14,880 are pricing is still a little bit higher, but I haven't 128 00:07:14,880 --> 00:07:17,360 checked on it here this morning. Looks like we've got the man 129 00:07:17,360 --> 00:07:21,080 Mando on with us now. Mando GM, how you doing? 130 00:07:23,000 --> 00:07:25,560 I'm doing great man. How are you? 131 00:07:26,520 --> 00:07:29,120 Doing fantastic, would be feeling a little bit better if 132 00:07:29,120 --> 00:07:33,560 this 50 bips odds were a bit touch higher on on Polymarker. 133 00:07:33,560 --> 00:07:36,000 It is one of my bigger bets out there. 134 00:07:36,160 --> 00:07:39,040 We, we just started talking about the jobs data. 135 00:07:39,720 --> 00:07:42,800 I shared this Goldman matrix that they laid out. 136 00:07:42,800 --> 00:07:46,240 We talked about the the numbers. Curious if you had any read on 137 00:07:46,240 --> 00:07:47,040 that. Of course, we've been talking 138 00:07:47,040 --> 00:07:49,480 about that this week. I thought the numbers would, 139 00:07:49,480 --> 00:07:53,520 would show more likelihood towards the 50 bips, but it 140 00:07:53,520 --> 00:07:55,040 seems like maybe the market's shaking that off. 141 00:07:55,240 --> 00:07:56,320 Curious if you've had a chance to. 142 00:07:56,320 --> 00:07:59,440 It's a small miss. It's like a small miss. 143 00:07:59,600 --> 00:08:04,760 Nothing crazy like we're in the within a what, 20K difference 144 00:08:04,760 --> 00:08:07,120 that shouldn't really 'cause the market to like absolutely get 145 00:08:07,120 --> 00:08:10,560 hammered and sequentially it's obviously higher as well, which 146 00:08:10,560 --> 00:08:13,800 is slightly better. I, I don't think it's that we're 147 00:08:13,800 --> 00:08:19,320 in that much, that much of like a worry with it, but the 148 00:08:19,320 --> 00:08:21,480 market's going to have a little bit of wobble. 149 00:08:21,840 --> 00:08:23,520 We kind of already said this, you know, everyone comes back 150 00:08:23,520 --> 00:08:28,040 from work from holiday, sorry. And you always have volatility 151 00:08:28,240 --> 00:08:31,840 in, in September in broader macro market. 152 00:08:31,840 --> 00:08:34,799 So I'd be really unsurprised if you know, if, if the S&P dropped 153 00:08:34,799 --> 00:08:38,360 like 5 to 10% this month, I wouldn't be surprised. 154 00:08:38,440 --> 00:08:42,480 You know, it's just the way that often happens in in September. 155 00:08:44,320 --> 00:08:47,560 Crypto just feels like it's spent on like a one way crane. 156 00:08:48,720 --> 00:08:56,760 Is that great? So yeah, like, yeah, not it's 157 00:08:56,760 --> 00:08:59,240 not really ideal. Yeah. 158 00:08:59,240 --> 00:09:02,440 I'm curious, is it the jobs data impacting crypto? 159 00:09:02,440 --> 00:09:05,880 Is it just this continued downtrend here that this month, 160 00:09:06,400 --> 00:09:09,360 any read on kind of what's happening broadly in the crypto? 161 00:09:09,360 --> 00:09:10,560 Marketing. To that. 162 00:09:10,560 --> 00:09:13,400 Nothing new other than like nothing's happening. 163 00:09:13,440 --> 00:09:17,520 So that gets people very, very worried, particularly for L 164 00:09:17,520 --> 00:09:19,560 ones. As I've said before, it feels 165 00:09:19,560 --> 00:09:25,480 like Bitcoin has its own its own drivers at the moment, which are 166 00:09:25,480 --> 00:09:27,760 maybe a bit more macro, a bit more similar to like what's been 167 00:09:27,760 --> 00:09:30,280 going on in gold. The the weakness in the dollar 168 00:09:31,840 --> 00:09:34,920 have all kind of matter a bit more for Bitcoin. 169 00:09:35,640 --> 00:09:38,640 I've seen a number of like notable traders go a bit more 170 00:09:38,640 --> 00:09:41,160 bearish on Bitcoin saying that they think they're going to go 171 00:09:41,160 --> 00:09:44,600 around to like 50K. There is a lot of demand around 172 00:09:44,600 --> 00:09:48,120 50K on the order books. So I think most people well 173 00:09:48,520 --> 00:09:50,920 think that that will probably hold or at least that will be 174 00:09:51,280 --> 00:09:54,160 that'll be a very, very big fight for it to go below 50K, 175 00:09:54,160 --> 00:09:56,640 for example. But like Arthur Hayes, Peter 176 00:09:56,640 --> 00:09:59,880 Brandt 2 like relatively one of the traders came out and said, 177 00:09:59,880 --> 00:10:02,280 look, but I'm shorting it. I think think it's going lower. 178 00:10:03,440 --> 00:10:06,440 I'd be surprised this month can have that. 179 00:10:06,520 --> 00:10:12,160 And I've said that I want to go I want to buy this month like 180 00:10:12,160 --> 00:10:17,120 I'm moving my my JLP bags into Bitcoin. 181 00:10:17,280 --> 00:10:21,720 So like I, I'm happy every single time the thing goes 182 00:10:21,880 --> 00:10:25,000 because I moved them into, into stables and now I'm even going 183 00:10:25,000 --> 00:10:29,160 to move them into Bitcoin. I've got like AADCA going for 184 00:10:29,160 --> 00:10:33,120 the next 45 days. And I just hope that two weeks 185 00:10:33,120 --> 00:10:36,520 before the election, I've got a big old bag of Bitcoin around 186 00:10:36,520 --> 00:10:38,760 50K. And then I think we're in AI 187 00:10:38,760 --> 00:10:40,200 think it's going to be a good Q4. 188 00:10:40,320 --> 00:10:43,240 That's basically what I think. I like this music to my ears, 189 00:10:43,240 --> 00:10:44,960 big Q4. I think that does make sense. 190 00:10:44,960 --> 00:10:46,720 I mean, historically, if you look at the numbers, September 191 00:10:46,720 --> 00:10:49,640 is a good month to buy. It can be painful in the moment, 192 00:10:49,640 --> 00:10:53,040 but then Q4 turns around. You mentioned the election. 193 00:10:53,040 --> 00:10:56,240 I mean, Trump's lead is expanding. 194 00:10:56,240 --> 00:10:58,040 Nate Silver. I've been following his modeling 195 00:10:58,040 --> 00:10:59,760 closely. He's got it at 6040. 196 00:11:00,160 --> 00:11:04,120 So Paulie, Mark, it's not even is not even conforming to to 197 00:11:04,120 --> 00:11:10,720 Silver's model at 5346 for for Trump and Silver's is primarily 198 00:11:10,720 --> 00:11:14,200 tying it to Kamala's underperformance in a few key 199 00:11:14,200 --> 00:11:18,360 swing states, Pennsylvania, North Carolina, Arizona. 200 00:11:18,360 --> 00:11:21,040 So it seems like she is not performing as well there. 201 00:11:21,320 --> 00:11:22,600 All eyes are going to be on the debate. 202 00:11:22,600 --> 00:11:25,000 I think that's going to be the next big one. 203 00:11:25,000 --> 00:11:28,400 I think it's really hard to to make a much of A read on this 204 00:11:28,400 --> 00:11:30,760 coin flip right now until we get that first debate. 205 00:11:31,360 --> 00:11:35,800 Then I think we can see perhaps the swing one way or another. 206 00:11:36,280 --> 00:11:40,080 Kind of coming back to to macro. A few tweets that I thought were 207 00:11:40,080 --> 00:11:42,080 interesting I wanted to talk about here this morning. 208 00:11:42,560 --> 00:11:46,320 SO0V 0SF said the way I see it, either you want to gamble on AQ4 209 00:11:46,320 --> 00:11:50,360 rally or you don't. If you do, now is a good spot as 210 00:11:50,400 --> 00:11:51,720 ever. Pretty similar to what you just 211 00:11:51,720 --> 00:11:53,920 said. Mando and then Elio trades 212 00:11:53,920 --> 00:11:57,480 commenting everyone in my chats saying 44K or way lower. 213 00:11:57,600 --> 00:12:00,920 Everyone is mostly in stables. Maybe they're all right. 214 00:12:01,280 --> 00:12:04,080 Maybe extreme fear and sideliners will mark the bottom 215 00:12:04,600 --> 00:12:07,520 once again. So it seems like you've got a, a 216 00:12:07,520 --> 00:12:09,080 few folks who agree with you, Logan. 217 00:12:09,080 --> 00:12:13,160 Any any reads from from your side or reactions to to either 218 00:12:13,160 --> 00:12:15,400 of these tweets here. Nothing crazy. 219 00:12:15,400 --> 00:12:18,600 I do want to point out just from that queen market cap, each and 220 00:12:18,600 --> 00:12:20,640 every day you pull that up. I've been looking at that fear 221 00:12:20,640 --> 00:12:22,480 number and it continues to drift lower. 222 00:12:22,480 --> 00:12:24,800 I know, you know, you can't take too much from the fear and greed 223 00:12:24,800 --> 00:12:31,200 index, but down to down to 30. So you know where however 224 00:12:31,200 --> 00:12:34,320 they're building that with whatever sentimental tools, you 225 00:12:34,320 --> 00:12:36,440 know, people are not feeling super comfy. 226 00:12:36,440 --> 00:12:38,760 But you know, to go back to those tweets and you know, the, 227 00:12:39,280 --> 00:12:41,760 the tweet from OV was the one that resonated most with me. 228 00:12:41,760 --> 00:12:45,320 That's what we've been talking about here, right, for the last 229 00:12:45,320 --> 00:12:47,360 couple months. You know, his expectations 230 00:12:47,360 --> 00:12:50,120 around chop up until an election up until AQ4. 231 00:12:50,680 --> 00:12:53,640 Can you stomach it as a, as someone who's here every single 232 00:12:53,640 --> 00:12:57,040 day seeing the headlines, seeing the drawdowns, watching Bitcoin 233 00:12:57,040 --> 00:12:59,920 drop hundreds of or thousands of dollars, you know, during the 234 00:12:59,920 --> 00:13:03,160 show, can you stomach that? And are you willing to gamble on 235 00:13:03,160 --> 00:13:06,720 it going up during this time period in which most people have 236 00:13:06,720 --> 00:13:10,480 suggested this is the most likely period for it to go up? 237 00:13:11,200 --> 00:13:16,400 So I, I, I'm feeling OK, you know, comfortable if I, you 238 00:13:16,560 --> 00:13:19,360 know, you know, not comfortable, of course, and seeing the price 239 00:13:19,360 --> 00:13:22,720 go down, but just, I'm not panicked in, in any way. 240 00:13:22,720 --> 00:13:25,600 This doesn't feel like it's deviating too, you know, 241 00:13:25,600 --> 00:13:30,040 distinctly from what we've been expecting or suggesting is a, 242 00:13:30,040 --> 00:13:33,800 you know, a probable role of, you know, plan or outcome. 243 00:13:34,600 --> 00:13:36,760 It's interesting that you, that you commented on the fear and 244 00:13:36,760 --> 00:13:39,400 greed index. So I remember seeing it in March 245 00:13:39,440 --> 00:13:43,280 and so I, I guess it got to 9090 plus. 246 00:13:44,000 --> 00:13:46,360 And at that point in time, of course, I was, you know, 247 00:13:46,400 --> 00:13:48,360 somewhat euphoric. All of our bags were at their 248 00:13:48,360 --> 00:13:50,880 local highs and I was shaking it off. 249 00:13:50,880 --> 00:13:52,280 I was like, there's no way we're at night. 250 00:13:52,280 --> 00:13:54,400 Agreed. But in in fact, that was the 251 00:13:54,560 --> 00:13:57,560 that was the top right. So like there is something to. 252 00:13:58,560 --> 00:14:01,880 This, I mean there's there's got to be a good overlay of this and 253 00:14:01,880 --> 00:14:05,040 the and the price chart you. Know basically the Bitcoin chart 254 00:14:05,040 --> 00:14:06,840 or the salons, right? Right here, right? 255 00:14:06,960 --> 00:14:11,240 Right. I mean, not to be so cliche, 256 00:14:11,240 --> 00:14:13,440 right, but there's that the Buffett quote, the famous 257 00:14:13,440 --> 00:14:16,120 Buffett quote, There's lots of quotes about, you know, selling 258 00:14:16,120 --> 00:14:19,640 into the euphoria and you know, buying the the fear. 259 00:14:20,320 --> 00:14:25,080 This is if you need, if you need indicators, this is one of them. 260 00:14:25,080 --> 00:14:28,440 If you need to talk yourself into buying, maybe this is, you 261 00:14:28,440 --> 00:14:31,360 know, one of those things, you know, just scroll the timeline 262 00:14:31,360 --> 00:14:33,800 that that that's probably enough in many cases. 263 00:14:34,400 --> 00:14:37,480 Yeah, we're, so I think we are at yearly lows then basically, 264 00:14:37,480 --> 00:14:39,320 Yeah. So we're at yearly lows on the 265 00:14:39,320 --> 00:14:43,040 fear and greed index that is feels notable, you know, headed 266 00:14:43,040 --> 00:14:46,120 into slaughter, big point headed into Q4, headed into the 267 00:14:46,120 --> 00:14:48,960 election. I think the other tweet that I 268 00:14:48,960 --> 00:14:52,080 thought was interesting to hear from Kaleo, he's quote tweeting 269 00:14:52,080 --> 00:14:54,720 traitor cause saying this has been the most boring cycle of 270 00:14:54,720 --> 00:14:56,840 all time. He says he 100% disagrees, 271 00:14:56,840 --> 00:15:01,280 saying that the cycle has barely even gotten started and that 272 00:15:01,280 --> 00:15:04,440 we've already seen some insane moves across the board, some 273 00:15:04,440 --> 00:15:08,000 entertaining depths, some crazy moves in memes. 274 00:15:08,000 --> 00:15:10,680 Solid AirDrop farm every few months. 275 00:15:11,360 --> 00:15:14,000 May know Kirsty if you have any thoughts on that or reactions to 276 00:15:14,040 --> 00:15:17,360 either Cleo's thoughts or if this is the most boring cycle of 277 00:15:17,360 --> 00:15:21,040 all time so far. Yeah, it's a little bit 278 00:15:21,040 --> 00:15:25,840 difficult because I think there isn't there is just a real focus 279 00:15:25,840 --> 00:15:29,120 on cycles in crypto like four years has to be done at this 280 00:15:29,120 --> 00:15:33,080 time. And I just don't know if we, I 281 00:15:33,080 --> 00:15:37,200 just don't know if cycles just assumes that we all just come 282 00:15:37,200 --> 00:15:39,280 back and buy what we bought last cycle, right. 283 00:15:39,280 --> 00:15:43,200 Like it's kind of a bit strange, like there feels to be that. 284 00:15:43,240 --> 00:15:49,080 And that's not really how markets work or how how tech 285 00:15:49,080 --> 00:15:51,000 works either. I don't know how to describe it. 286 00:15:51,000 --> 00:15:53,520 But like let's say we said at the originally, like the 287 00:15:53,520 --> 00:15:57,200 Internet went through a cycle. You wouldn't necessarily go 288 00:15:57,200 --> 00:16:01,640 through and buy the same companies that didn't make it in 289 00:16:01,640 --> 00:16:04,000 the last tech cycle. But in crypto, they kind of 290 00:16:04,000 --> 00:16:06,840 stick around and they have like a market cap. 291 00:16:08,800 --> 00:16:10,600 Do you see what I guess what I'm trying to say is it's it's 292 00:16:10,600 --> 00:16:12,240 always kind of weird to talk about it like that. 293 00:16:12,520 --> 00:16:15,080 I think what we've seen is that Bitcoin's shown real adoption 294 00:16:15,560 --> 00:16:21,080 and the concept of blockchains being used for payments and 295 00:16:21,120 --> 00:16:24,520 tokenization defy NFTS has all shown adoption. 296 00:16:24,520 --> 00:16:28,280 But it's still unclear how the, that L1, those L1 wars are going 297 00:16:28,280 --> 00:16:33,560 to kind of end. And I, I think Bitcoin is the 298 00:16:33,560 --> 00:16:35,760 thing that probably takes us out of this again. 299 00:16:37,960 --> 00:16:40,320 But I wouldn't be sitting there hoping that that someone's going 300 00:16:40,320 --> 00:16:44,360 to come in and buy, buy your altcoins or buy your buy 301 00:16:44,360 --> 00:16:50,920 anything, to be honest. It just I, yeah, I just don't. 302 00:16:50,920 --> 00:16:55,440 I just don't know if I subscribe to the concept of like it's a 303 00:16:55,440 --> 00:16:58,360 the cycle will come back and like all these bags will come 304 00:16:58,360 --> 00:16:59,800 back. Like they they may just never 305 00:16:59,800 --> 00:17:01,680 come back. And Bitcoin just keeps on going. 306 00:17:01,800 --> 00:17:06,839 And then maybe just like, yeah, Sole, Heath and I would say 307 00:17:06,839 --> 00:17:08,640 select memes probably stick around. 308 00:17:09,800 --> 00:17:11,960 Yeah, I seem to agree with that along with Kaleo. 309 00:17:11,960 --> 00:17:14,480 And if we replace the word cycle here with just the most boring 310 00:17:14,480 --> 00:17:17,480 year like this is if you said this has been the most boring 311 00:17:17,480 --> 00:17:21,000 year of all time, I I would disagree with that as well. 312 00:17:21,000 --> 00:17:24,560 I mean, Q 1 was pretty damn electric and then we had a 313 00:17:24,560 --> 00:17:28,720 pretty massive AirDrop season. You know, even the blast 314 00:17:28,720 --> 00:17:31,400 AirDrop, though it disappointed, was still a pretty sizable one 315 00:17:31,400 --> 00:17:34,640 for a lot of folks who participated in that. 316 00:17:34,640 --> 00:17:38,600 We've got, you know, Paul, a market breaking out into, you 317 00:17:38,760 --> 00:17:42,640 know, mainstream media as a crypto app. 318 00:17:42,640 --> 00:17:45,160 So I don't know, I think there's been some some successful 319 00:17:45,160 --> 00:17:47,920 stories you could point to. I will admit the last few few 320 00:17:47,920 --> 00:17:51,640 months have been fairly boring, but that's not not the discount 321 00:17:51,640 --> 00:17:56,200 the the whole year. In other non boring news, we got 322 00:17:56,200 --> 00:17:58,400 some breaking news from Binance this morning. 323 00:17:58,400 --> 00:18:03,680 Nero on Ethereum is getting the Binance listing the the market 324 00:18:03,680 --> 00:18:06,840 liked it quite a bit. Just earlier in the week we 325 00:18:06,840 --> 00:18:10,600 pulled up Nero chart, it looked like it was over and now it is 326 00:18:10,600 --> 00:18:15,600 so, so back. So it is up what almost 100% on 327 00:18:15,600 --> 00:18:21,000 the day at $155 million market cap it touched 190 Yeah so it 328 00:18:21,000 --> 00:18:27,240 was all the way back to 190. Just twenty 2530% below its all 329 00:18:27,240 --> 00:18:30,440 time high. I am curious where it goes from 330 00:18:30,440 --> 00:18:31,800 here. I was talking with Logan before 331 00:18:31,800 --> 00:18:33,200 the show man. I'm curious for your thoughts. 332 00:18:34,480 --> 00:18:38,320 So when Turbo got the Binance listing all the all the price 333 00:18:38,320 --> 00:18:39,640 action front were in the announcement. 334 00:18:39,640 --> 00:18:42,360 So I clearly had been leaked. Insiders knew it. 335 00:18:42,800 --> 00:18:46,040 This is like the opposite. So like the token did not move 336 00:18:46,040 --> 00:18:50,600 at all until this news broke and then we we saw this massive 337 00:18:51,160 --> 00:18:54,280 candle and I don't know that we've really seen a meme coin 338 00:18:54,280 --> 00:19:01,000 candle like this for a a, for a nine figure meme coin and quite 339 00:19:01,000 --> 00:19:03,160 some time. So feels big. 340 00:19:03,160 --> 00:19:05,560 So feels like there's some energy left in the market. 341 00:19:05,560 --> 00:19:08,080 But you know, curious if you have any reads on on Nero. 342 00:19:09,680 --> 00:19:13,480 Feels like it feels like as soon as you've got that bibit 343 00:19:13,480 --> 00:19:16,400 listing, that bibit listing, right, you can and you see 344 00:19:16,400 --> 00:19:21,040 there's a lot with a lot of times with with different coins, 345 00:19:21,040 --> 00:19:23,360 right. You can then short it and then 346 00:19:23,360 --> 00:19:27,840 basically engineer like a massive dump by shorting it, 347 00:19:27,920 --> 00:19:30,520 like hammering it, hammering it lower, keep on shorting, make a 348 00:19:30,520 --> 00:19:34,440 ton of money shorting it and then wait for the listing and 349 00:19:34,440 --> 00:19:37,800 then buy it back up. Like you can really, if you have 350 00:19:37,800 --> 00:19:41,360 enough control of the supply and you start to get futures, 351 00:19:42,400 --> 00:19:46,880 futures listing, you can like really, you can really play some 352 00:19:46,880 --> 00:19:48,480 games and it feels like they they did it well. 353 00:19:49,480 --> 00:19:54,200 Is this the like the youngest coin to ever be added? 354 00:19:54,280 --> 00:19:56,880 I mean this is only a month. Boom boom. 355 00:19:56,880 --> 00:19:59,640 Did it in 24 hours, which is why it was so shocking. 356 00:20:01,000 --> 00:20:02,960 But yeah, it's still it's a pretty quick run right? 357 00:20:02,960 --> 00:20:05,720 Like this thing is wow, that's older than I thought. 358 00:20:06,000 --> 00:20:08,320 So this was made in July. Wow. 359 00:20:08,640 --> 00:20:10,840 OK, I mean that the price chart was terrible. 360 00:20:10,840 --> 00:20:11,960 So you mentioned this was the exit pump. 361 00:20:11,960 --> 00:20:15,120 So I actually thought this candle on the fourth was the 362 00:20:15,120 --> 00:20:18,200 exit pump and I did exit right around 60 million. 363 00:20:18,200 --> 00:20:23,040 So I I missed this 1 1/2 X move here. 364 00:20:23,840 --> 00:20:27,520 But, but such is life. This was made in July. 365 00:20:27,880 --> 00:20:32,040 Wasn't the announcement about the brother like a month ago? 366 00:20:33,840 --> 00:20:35,040 I mean, a month ago it was early August. 367 00:20:35,080 --> 00:20:37,360 Oh. My gosh, yeah, I guess it's 368 00:20:37,360 --> 00:20:38,680 sorry. Just pour. 369 00:20:40,080 --> 00:20:42,680 This is this is still some of the worst price action I've ever 370 00:20:43,080 --> 00:20:44,120 like. This is more than like your 371 00:20:44,120 --> 00:20:47,080 classic like 70% drop down. This was like 90%. 372 00:20:47,080 --> 00:20:50,040 It seemed like it was over. So I really thought this was the 373 00:20:50,040 --> 00:20:53,840 exit pump, but kudos to anyone who held on through this. 374 00:20:53,840 --> 00:20:57,200 Congrats on your gains. Moving on. 375 00:20:57,200 --> 00:20:58,720 Well, I guess one more meme coin story. 376 00:20:58,720 --> 00:21:01,640 Let me see if I can get this. We'll just quickly touch on it. 377 00:21:01,640 --> 00:21:05,040 So Machi's token is going live here today. 378 00:21:05,800 --> 00:21:08,480 He's calling it this IBLV event. I'm not really sure what that 379 00:21:08,480 --> 00:21:11,520 stands for. Looks like they're they're 380 00:21:11,520 --> 00:21:14,600 targeting a $5,000,000 raise for those who signed up. 381 00:21:14,600 --> 00:21:17,640 They'll be able to see what their allocations were in the 382 00:21:17,640 --> 00:21:22,000 links in this thread. Community round starting today, 383 00:21:22,000 --> 00:21:24,920 3:00 PM UTC. It's probably like right around 384 00:21:24,920 --> 00:21:26,520 now, perhaps right after the show. 385 00:21:26,520 --> 00:21:30,440 It's going to last an hour. A public round starting on 386 00:21:30,440 --> 00:21:33,760 Saturday. I want to say I also saw some 387 00:21:34,240 --> 00:21:36,560 incentives that Baseline Markets is putting forward. 388 00:21:36,560 --> 00:21:37,720 There's going to be roughly Logan. 389 00:21:38,000 --> 00:21:41,680 I don't know if you had those top top top of mind here. 390 00:21:42,080 --> 00:21:46,640 Like 100. $1000 or 100,000 Blast Gold Gold depositors. 391 00:21:47,120 --> 00:21:50,880 It's a gold going to depositors in the 1st 24 hours. 392 00:21:51,280 --> 00:21:55,560 The 100,000 sounds right but I'm not entirely sure but I believe 393 00:21:55,560 --> 00:21:58,800 it is gold. It's not USD or USDC or anything 394 00:21:58,800 --> 00:22:00,560 like that. Yeah, makes sense. 395 00:22:00,560 --> 00:22:04,840 So if the weekend is quiet and this could be one to watch, what 396 00:22:04,840 --> 00:22:09,680 we talked, talked about this token on prior shows, the 397 00:22:09,720 --> 00:22:11,600 differentiator here is it's on baseline. 398 00:22:11,600 --> 00:22:15,560 So which makes it unruggable, unruggable in quotes, which 399 00:22:15,560 --> 00:22:17,360 perhaps puts a backstop on this thing. 400 00:22:17,920 --> 00:22:21,080 And it's Machi. Machi seems to have infinite, 401 00:22:21,480 --> 00:22:24,880 infinite bags. So if he's pumping this, perhaps 402 00:22:24,880 --> 00:22:27,560 it it has some upside. We will certainly see. 403 00:22:27,560 --> 00:22:30,120 Perhaps we'll be reporting on this on Monday. 404 00:22:30,760 --> 00:22:34,840 A fun story that broke yesterday is we now have political bingo 405 00:22:34,840 --> 00:22:38,160 carts. This was not on my bingo cart 406 00:22:38,160 --> 00:22:41,480 headed into the debate. So ahead of the debate, Pauline 407 00:22:41,480 --> 00:22:44,920 Market has spun up these that are effectively are parlay 408 00:22:44,920 --> 00:22:47,640 cards. So these are tied to the mention 409 00:22:47,640 --> 00:22:51,080 markets. Now they they just a set of 410 00:22:51,080 --> 00:22:53,800 bingo cards with different mentions from each of the cans. 411 00:22:53,800 --> 00:22:59,400 So if Kamala says DEI, if Trump says fake news, so on and so 412 00:22:59,400 --> 00:23:01,480 forth, you get to cross off those squares. 413 00:23:01,480 --> 00:23:03,320 It is played like traditional bingo. 414 00:23:03,320 --> 00:23:07,120 So straight lines, diagonals, you get the free space. 415 00:23:07,200 --> 00:23:11,440 And then if, if you hit a bingo, you win the bet. 416 00:23:11,640 --> 00:23:15,560 And I believe they've got three bingo cards laid out so far. 417 00:23:15,560 --> 00:23:19,040 The, the, the bingo card I've got pulled up right now in the 418 00:23:19,040 --> 00:23:21,040 stream. For those who are in the stream, 419 00:23:21,400 --> 00:23:24,680 I think it was at 29 cents, 29% chance that you would get a 420 00:23:24,680 --> 00:23:28,640 bingo on this card, which means if you put $100 bet, you'll win 421 00:23:28,640 --> 00:23:30,960 something like 300 three, $130.00. 422 00:23:31,440 --> 00:23:35,440 If you, you hit a bingo. It it's effectively a 423 00:23:35,440 --> 00:23:40,000 complicated parlay card, so you are parlaying different 424 00:23:40,000 --> 00:23:44,920 combinations of mentions. So I think if if you sat down 425 00:23:44,920 --> 00:23:47,480 and did the math on all these, you'd be able to find the edge. 426 00:23:47,480 --> 00:23:49,600 I'm not really sure. This is a pretty new market, not 427 00:23:49,600 --> 00:23:51,520 a whole lot bet. I'm not sure if anyone has sat 428 00:23:51,520 --> 00:23:56,400 down and done it yet, but it's a fun idea and it seems like it 429 00:23:56,400 --> 00:24:00,480 has some some real potential use cases beyond just this debate. 430 00:24:00,480 --> 00:24:01,520 Logan, I'll, I'll toss it to you. 431 00:24:01,520 --> 00:24:03,480 Any reactions to the Polymarket Bingo. 432 00:24:04,080 --> 00:24:07,000 Yeah, I I'm intrigued. I mean, I like the innovation. 433 00:24:07,000 --> 00:24:10,320 I think it's, it's cool. The odds as you mentioned, you 434 00:24:10,320 --> 00:24:12,240 could sit down and try to figure them out. 435 00:24:12,240 --> 00:24:15,920 They are likely horrible to need to get, you know, like five of 436 00:24:15,920 --> 00:24:19,600 those things that come true, you know, for like 20. 437 00:24:19,600 --> 00:24:21,400 And you know, I don't know the implied probabilities off the 438 00:24:21,400 --> 00:24:23,200 top of my head. But you could, you know, sit 439 00:24:23,200 --> 00:24:26,800 down, go to a betting calculator and figure it out pretty quickly 440 00:24:27,120 --> 00:24:29,800 to understand whether or not the parlay that you're choosing, you 441 00:24:29,800 --> 00:24:32,720 know, the different whatever, it's only rows, columns, no four 442 00:24:32,720 --> 00:24:33,840 corners, nothing weird like that. 443 00:24:34,440 --> 00:24:39,160 But you can you can figure it out to see how much edge is 444 00:24:39,160 --> 00:24:43,920 there or you know, lack thereof. So I'm guessing it's probably 445 00:24:43,920 --> 00:24:47,600 not great odds to be betting on yes for some of these, but fun 446 00:24:47,600 --> 00:24:48,520 nonetheless. I think. 447 00:24:48,600 --> 00:24:51,520 I think it's really interesting potential idea. 448 00:24:51,520 --> 00:24:54,800 Just a new way for people to interact and follow along, which 449 00:24:54,800 --> 00:24:56,840 so many people are going to be doing anyway I. 450 00:24:57,960 --> 00:25:01,760 Think they they need to fix the UI so when you go to this bet on 451 00:25:01,760 --> 00:25:05,280 their site you you you just see debate bingo 1 you see the odds 452 00:25:05,600 --> 00:25:07,960 you have to scroll into the rules that to get the actual 453 00:25:07,960 --> 00:25:10,640 card and some people are probably going to miss this 454 00:25:10,640 --> 00:25:13,880 because of that. I guess I don't see the volume 455 00:25:13,880 --> 00:25:15,760 on this market anywhere. Are you seeing it? 456 00:25:16,040 --> 00:25:18,240 Yeah, they don't I think for the newer markets perhaps they don't 457 00:25:18,240 --> 00:25:22,040 share that. So it's it's unclear how much 458 00:25:22,040 --> 00:25:25,160 has really been wagered on this. The book looks pretty thin, so 459 00:25:25,160 --> 00:25:30,560 yeah, if you move the market. If you start typing debate bingo 460 00:25:30,560 --> 00:25:32,800 in the search bar, Tyler, it it is. 461 00:25:32,800 --> 00:25:36,600 It's showing me the the little numbers underneath all. 462 00:25:37,880 --> 00:25:38,760 Right. What do we have here? 463 00:25:38,800 --> 00:25:40,760 Oh, so it's very. Very small. 464 00:25:41,400 --> 00:25:44,600 Yeah, so it's a tiny market right now, man. 465 00:25:44,680 --> 00:25:48,200 Are are you be playing debate bingo ahead of next week's 466 00:25:48,200 --> 00:25:50,920 debate so. I'm, I'm really looking forward 467 00:25:50,920 --> 00:25:56,240 to that debate, if I'm honest. I think it's going to be good. 468 00:25:56,240 --> 00:25:58,960 Like she hasn't really said that much, right? 469 00:25:58,960 --> 00:26:02,280 Like she's had one one of the interviews and I still don't 470 00:26:02,280 --> 00:26:04,680 really know what any of her policies are apart from like 471 00:26:04,680 --> 00:26:07,240 hearsay and sometimes they get walked back and just don't 472 00:26:07,240 --> 00:26:10,080 really know. So I think it's going to be 473 00:26:10,080 --> 00:26:13,680 really good. Like maybe she massively, maybe 474 00:26:13,680 --> 00:26:18,800 she massively outperforms and comes through and and smashes 475 00:26:18,800 --> 00:26:20,800 it, or maybe it's a bit like the Biden 1. 476 00:26:20,800 --> 00:26:22,600 I actually just genuinely don't know. 477 00:26:22,600 --> 00:26:25,360 I think it'd be great to watch. So yeah, one, I'll be watching 478 00:26:25,360 --> 00:26:26,160 it. I'll be betting on it. 479 00:26:27,040 --> 00:26:30,880 Yeah, it's going to be, I think this is the biggest single day I 480 00:26:30,960 --> 00:26:36,800 think for Polymarket since I don't even recall like the the 481 00:26:36,800 --> 00:26:40,120 last spike in volume. So we saw a huge spike on the VP 482 00:26:40,120 --> 00:26:44,040 when the when Kamala's VP was announced, what was the last 483 00:26:44,040 --> 00:26:46,320 live event that was heavily bet? Logan, do you remember? 484 00:26:46,720 --> 00:26:48,680 Was the Trump Elon? Was that a? 485 00:26:48,920 --> 00:26:51,560 Oh yeah, the the Trump Elon was probably the last big, big 486 00:26:51,560 --> 00:26:54,120 single event like this should be much bigger. 487 00:26:54,400 --> 00:26:57,160 Like I'm pulling up the debate market right now on Poly. 488 00:26:57,160 --> 00:27:00,200 I mean, there's there's dozens, there's dozens of bets. 489 00:27:01,120 --> 00:27:04,320 I'm just trying to find that the winner, which the winner is a is 490 00:27:04,400 --> 00:27:08,240 a is a tricky one, but some interesting ones. 491 00:27:08,240 --> 00:27:10,040 So you've got the mentions markets. 492 00:27:10,160 --> 00:27:13,280 Will they actually debate? That seems like a lock yes, you 493 00:27:13,280 --> 00:27:16,320 can bet on the number of debates favorite to win on polymarket 494 00:27:16,320 --> 00:27:18,960 one week after that's saying who's going to be the leader in 495 00:27:18,960 --> 00:27:23,240 the Polymarket election but who's asked the first question 496 00:27:23,240 --> 00:27:25,920 Kamala getting 64% that's a phone that's effectively like 497 00:27:25,920 --> 00:27:28,800 the coin flip that of the debate here. 498 00:27:28,800 --> 00:27:34,280 Will they shake hands? Probably bet no on that one Who 499 00:27:34,280 --> 00:27:35,920 Will Win the debate according to the polls. 500 00:27:35,920 --> 00:27:38,400 So this is probably the the most interesting to me. 501 00:27:38,920 --> 00:27:41,760 Let's see. So this has got Kamala at 70%, 502 00:27:41,760 --> 00:27:46,800 which goes against what I would have thought people would have 503 00:27:46,800 --> 00:27:48,080 been betting. I I would have thought this was 504 00:27:48,080 --> 00:27:52,000 the opposite. Is this just like differential 505 00:27:52,000 --> 00:27:57,120 in polling numbers after or? Yeah, the the rules are the 506 00:27:57,120 --> 00:28:00,960 market will resolve to Kamala if Ipsos 530 eights, OK. 507 00:28:01,240 --> 00:28:04,240 So 530 eights like. Oh, OK, so it's actual. 508 00:28:05,640 --> 00:28:08,960 So their their opinion polls, so they're going to these two 509 00:28:08,960 --> 00:28:11,960 episodes of 538 are going to run out of opinion polls and who won 510 00:28:12,760 --> 00:28:14,840 and then you're betting on the results of those polls. 511 00:28:14,880 --> 00:28:20,080 I think 538 has been very more left-leaning than anything else 512 00:28:20,080 --> 00:28:23,840 of the the polls that I've seen. So that's probably why this 513 00:28:23,840 --> 00:28:28,120 market is leaning that way. But I think at least from crypto 514 00:28:28,120 --> 00:28:30,640 Twitter sentiment, it does not seem like folks think Kamala is 515 00:28:30,640 --> 00:28:33,800 going to win with the 70% rate right now. 516 00:28:33,800 --> 00:28:38,400 So perhaps that is that's going to be 1 to watch the debate 517 00:28:38,400 --> 00:28:40,760 Bingo. I think is going to be a fun 518 00:28:40,760 --> 00:28:41,800 one. I'm definitely going to be 519 00:28:41,800 --> 00:28:45,520 playing a little bit of this. So I guess there there are no 520 00:28:45,520 --> 00:28:47,960 new there are no no's on this. I guess, Logan. 521 00:28:47,960 --> 00:28:49,920 So that was kind of your point. So you're effectively betting 522 00:28:49,920 --> 00:28:53,880 yes, on all of these parlays. So you're going to need a lot of 523 00:28:53,880 --> 00:28:56,720 things to a lot of things to to happen. 524 00:28:57,000 --> 00:29:00,080 I think what's the difference between the debate and like some 525 00:29:00,080 --> 00:29:04,200 of these rallies is the each candidate only has like 2 or 3 526 00:29:04,200 --> 00:29:08,360 minutes to respond to questions. So like the, the, the long Trump 527 00:29:08,360 --> 00:29:11,880 rants where he covers all these words at his, at his rallies, 528 00:29:11,880 --> 00:29:13,840 like that's not going to happen. He's not going to have the 529 00:29:13,840 --> 00:29:17,120 ability to do that. So your odds of yeses are, are 530 00:29:17,120 --> 00:29:19,680 already going to be smaller. But I mean, these are some 531 00:29:19,680 --> 00:29:24,560 pretty, I don't know, these are some pretty standard words like 532 00:29:24,560 --> 00:29:29,040 product 2025, Harris is going to say that, you know, them saying 533 00:29:29,040 --> 00:29:32,040 abortion. I think that's pretty likely not 534 00:29:32,040 --> 00:29:33,480 going back. Like she's definitely going to 535 00:29:33,480 --> 00:29:35,440 say that this is the question of are you going to get everything 536 00:29:35,440 --> 00:29:39,280 in the line? But it's going to be a a fun one 537 00:29:39,680 --> 00:29:42,240 to watch, that's for sure. And then Logan, you had a let me 538 00:29:42,240 --> 00:29:46,040 see if I can get back to this. So Trump, the news from 539 00:29:46,040 --> 00:29:51,520 yesterday, Trump made some what were his crypto comments from 540 00:29:51,520 --> 00:29:52,840 yesterday. He said that the US is going to 541 00:29:52,840 --> 00:29:54,120 be the crypto capital or something. 542 00:29:54,600 --> 00:29:58,120 Well, there there was that. And then there was also somebody 543 00:29:58,120 --> 00:30:00,480 had shared a report from the Wall Street Journal that 544 00:30:00,480 --> 00:30:04,800 indicated that Trump was going to be, I don't know, doubling 545 00:30:04,800 --> 00:30:07,440 down, I can't remember the exact terminology, but basically 546 00:30:07,440 --> 00:30:10,760 speaking on crypto and the economy a little bit more or 547 00:30:11,000 --> 00:30:13,480 whatever. And so I ran to these markets 548 00:30:14,040 --> 00:30:17,200 right away after seeing that report, thinking that they were 549 00:30:17,200 --> 00:30:20,920 referencing these talks only to find out they weren't. 550 00:30:20,920 --> 00:30:24,800 But nevertheless, this market has actually moved up since that 551 00:30:24,800 --> 00:30:29,080 time anyway. So yeah, I think I bet this 552 00:30:29,080 --> 00:30:32,440 yesterday around maybe six cents or something like that. 553 00:30:32,440 --> 00:30:35,480 There was a different one that already the Hannity 1 I bet as 554 00:30:35,480 --> 00:30:38,120 well, which was at like 4 that resolved to know. 555 00:30:39,080 --> 00:30:42,080 But yeah, I mean, this is up. I I don't there's a I've seen if 556 00:30:42,080 --> 00:30:44,720 you Scroll down to the comments, which I think are funny and you 557 00:30:44,720 --> 00:30:47,240 shouldn't necessarily give any credence to some of these. 558 00:30:47,240 --> 00:30:50,320 Like, yes, some of these are the rationale here. 559 00:30:50,320 --> 00:30:52,000 Like isn't the worst ever, right? 560 00:30:52,000 --> 00:30:56,240 You have like Wisconsin being one of those places that made 561 00:30:56,240 --> 00:31:01,760 that Bitcoin investment just like a little tiny crossovers 562 00:31:01,760 --> 00:31:03,880 that, you know, if I'm going to if I'm going to make a bet, you 563 00:31:03,880 --> 00:31:07,960 know, he just recently is speaking about crypto, wants to, 564 00:31:08,160 --> 00:31:10,320 you know, appear a little bit stronger, be a little bit more 565 00:31:10,320 --> 00:31:14,480 forefront on the economy in his talks. 566 00:31:15,240 --> 00:31:16,880 Maybe this comes up. Why? 567 00:31:16,920 --> 00:31:18,600 Why not? So that was the that was the 568 00:31:18,600 --> 00:31:20,000 bet. I mean, I'm just going to let it 569 00:31:20,000 --> 00:31:22,040 ride. I'm not trading out of this at 570 00:31:22,040 --> 00:31:24,040 this point in time at a 3X or whatever. 571 00:31:25,160 --> 00:31:28,120 And yeah, this is later tonight. I think hopefully the people of 572 00:31:28,120 --> 00:31:31,440 Wisconsin are graced with some Bitcoin or crypto commentary. 573 00:31:31,840 --> 00:31:34,120 I think this is tomorrow. Oh, tomorrow. 574 00:31:34,120 --> 00:31:36,400 OK, Yeah. For those following, so this is 575 00:31:36,400 --> 00:31:38,720 a decent market, it's already got $180,000 bet. 576 00:31:38,720 --> 00:31:40,840 So this is bigger than any of the other ones we've been We've 577 00:31:40,840 --> 00:31:43,360 been talking about quickly on the comments. 578 00:31:43,520 --> 00:31:46,000 What I do like about the comments here is that it it does 579 00:31:46,000 --> 00:31:49,400 show the commenters live bets. So you can see if they're just 580 00:31:49,400 --> 00:31:52,960 totally like BS saying or if they're actually like providing 581 00:31:52,960 --> 00:31:57,000 rationale for what what the the markets they're betting on. 582 00:31:57,280 --> 00:32:00,280 But back to the topic here. So Trump notably has not 583 00:32:00,280 --> 00:32:03,040 mentioned crypto in any conversations, any of his 584 00:32:03,040 --> 00:32:07,960 rallies since the the Bitcoin national conference, which is 585 00:32:07,960 --> 00:32:11,040 going to put into question, you know, how serious of an issue is 586 00:32:11,040 --> 00:32:13,480 it for him? So will he mention crypto? 587 00:32:13,480 --> 00:32:17,400 The odds have been near 0 headed into most of these rallies. 588 00:32:17,480 --> 00:32:19,680 It was similar here for the Wisconsin rally. 589 00:32:19,680 --> 00:32:21,280 It was trading at five to seven cents. 590 00:32:21,600 --> 00:32:25,800 Now it's up to 17 with the market briefly spiking to like 591 00:32:25,800 --> 00:32:27,280 40. It must have been a big bet come 592 00:32:27,280 --> 00:32:30,960 in. So crypto now back into a more 593 00:32:30,960 --> 00:32:34,640 likely talking point for his rally tomorrow. 594 00:32:34,640 --> 00:32:39,240 So that will be an interesting one to follow for sure. 595 00:32:40,640 --> 00:32:43,040 That's enough of our macro chatter. 596 00:32:43,320 --> 00:32:45,640 A few other stories here. I, I want to talk about these 597 00:32:45,640 --> 00:32:49,600 are more in the, the protocol space. 598 00:32:50,360 --> 00:32:53,680 So this was perhaps an interesting one. 599 00:32:53,680 --> 00:32:56,560 Not sure if you saw this, that vape to earn. 600 00:32:56,560 --> 00:32:59,760 So now we are just going to going across the gamut of 601 00:32:59,920 --> 00:33:03,400 different actions you can take to earn in crypto. 602 00:33:03,400 --> 00:33:08,080 So puff paw thrill deal now and says $6 million in seed funding 603 00:33:08,080 --> 00:33:12,120 with vape to quit smoking and earn it's going to be built on 604 00:33:12,120 --> 00:33:15,360 bear chain. Well, is this how we get Gen. 605 00:33:15,360 --> 00:33:18,240 Z in the in the crypto here? I think ern. 606 00:33:18,920 --> 00:33:22,360 Ironically yesterday I saw something that the vaping rates 607 00:33:22,360 --> 00:33:25,960 are way, way down already. So I'm not I'm not sure this is 608 00:33:25,960 --> 00:33:28,800 the way that you get Gen. Z in maybe they're. 609 00:33:28,800 --> 00:33:32,600 Going to pick stock up. Maybe I don't. 610 00:33:32,600 --> 00:33:37,000 I don't really know what to say. I actually am a I like the like 611 00:33:37,000 --> 00:33:39,840 blank to earn, like the step in type stuff. 612 00:33:40,080 --> 00:33:41,840 Moonwalk fitness is doing it now. 613 00:33:41,840 --> 00:33:44,360 Like those things are interesting to me to incentivize 614 00:33:44,360 --> 00:33:49,040 certain behaviors. This one I don't know, I just 615 00:33:49,040 --> 00:33:52,600 kind of laugh about this one. It doesn't feel as real, right? 616 00:33:52,600 --> 00:33:57,280 Like this feels more like a joke and and no knock at puff paw and 617 00:33:57,280 --> 00:34:01,000 you know, and the ambitious team, you know, looking to make 618 00:34:01,000 --> 00:34:05,080 something of this, but it's just that it doesn't feel as 619 00:34:05,080 --> 00:34:09,560 substantial as as some of those other blank to earn protocols. 620 00:34:10,280 --> 00:34:13,199 And maybe that's part of like the the marketing here is like 621 00:34:13,199 --> 00:34:15,920 how the absurdity behind it, I don't know. 622 00:34:16,760 --> 00:34:19,719 But hopefully for their sake things work out. 623 00:34:20,360 --> 00:34:22,560 It caught my attention. Sobe was defending I think. 624 00:34:22,639 --> 00:34:24,280 I don't know if he knows the team or if he invested. 625 00:34:24,280 --> 00:34:27,679 I forgive his post right now, but he was kind of reacting to 626 00:34:27,679 --> 00:34:29,360 everyone dunking on it on the timeline. 627 00:34:29,400 --> 00:34:34,199 Logan, you did the and blank to earn you did the grass AirDrop, 628 00:34:34,199 --> 00:34:36,639 right, which was I guess how would how would you characterize 629 00:34:36,639 --> 00:34:38,560 that one and that and how was that AirDrop? 630 00:34:38,560 --> 00:34:41,719 I think I saw rumblings that it was not the best. 631 00:34:42,239 --> 00:34:46,040 Well, I saw the tweets on the timeline with people with more 632 00:34:46,040 --> 00:34:50,120 points than I had and their token allocations. 633 00:34:50,120 --> 00:34:54,639 And so I didn't even take the time and effort to check mine 634 00:34:54,679 --> 00:34:59,280 because I just assumed that there's nothing. 635 00:34:59,280 --> 00:35:05,880 So yeah, disappointing. But I mean, in terms of low lift 636 00:35:05,880 --> 00:35:09,520 airdrops, that was one of the ones during AirDrop meta that 637 00:35:09,680 --> 00:35:14,000 was perhaps the easiest, maybe one of them more controversial 638 00:35:14,000 --> 00:35:16,600 as well, given like the, you know, some of the concerns 639 00:35:16,600 --> 00:35:19,320 around what you're you were enabling. 640 00:35:20,600 --> 00:35:26,160 But whatever, I I turned it on. I OK thus far safety wise and 641 00:35:27,040 --> 00:35:29,240 I'm getting maybe a couple of tokens, maybe enough to buy 642 00:35:29,240 --> 00:35:33,680 myself a lunch or dinner. Well, Speaking of low effort air 643 00:35:33,680 --> 00:35:37,400 drops some somewhat big news from Travis Bickel and the 644 00:35:37,400 --> 00:35:41,520 fantasy top team yesterday. So he commented that last week 645 00:35:41,520 --> 00:35:43,520 marked the first time they've been sustainable. 646 00:35:43,520 --> 00:35:47,360 He's defined sustainable as able to cover both the player rewards 647 00:35:47,360 --> 00:35:50,560 and team payroll with their revenue. 648 00:35:51,440 --> 00:35:58,320 So fancy top turning profitable and it it seems like they they 649 00:35:58,400 --> 00:36:02,880 are more perhaps sustainable than ever more market attention 650 00:36:02,880 --> 00:36:06,640 than than I can recall. I want to check in on our heroes 651 00:36:06,640 --> 00:36:10,720 here on FOMO hour. Brooke has been been tweeting 652 00:36:10,720 --> 00:36:13,040 since he's been on his Asia spree, so we'll see if he gets 653 00:36:13,040 --> 00:36:16,120 back to basics when he's with us here next week. 654 00:36:16,120 --> 00:36:20,840 I'm trying to find Mando here. Mando has been moving up the 655 00:36:20,840 --> 00:36:23,520 ranks. Let's see here I've been doing. 656 00:36:23,920 --> 00:36:26,560 That much? Up only for the most part. 657 00:36:26,560 --> 00:36:29,560 Last week you had a, you know, unexpected dip, but this is your 658 00:36:29,560 --> 00:36:31,640 highest ranking. Nice if. 659 00:36:31,840 --> 00:36:33,840 You're 63. You're back to five stars. 660 00:36:36,160 --> 00:36:39,520 What are you I I Honestly I need to go into this site more often. 661 00:36:39,920 --> 00:36:41,960 It does feel like a little. That's the one thing. 662 00:36:41,960 --> 00:36:45,520 The 1 shining light of crypto at the moment is a fancy cup. 663 00:36:46,160 --> 00:36:50,040 It it is one it is the shining light of blast for for sure. 664 00:36:50,040 --> 00:36:52,600 I guess predict fun trying to to throw its hat in there. 665 00:36:52,600 --> 00:36:55,600 I I had a good week. I've been pretty consistent in 666 00:36:55,600 --> 00:36:59,560 the top 50 and that the market's starting to reflect that a 667 00:36:59,560 --> 00:37:04,560 little bit logging in at six stars here, but I'm incentivized 668 00:37:04,560 --> 00:37:07,240 to tweet because I have my epic card and I play it every week. 669 00:37:07,240 --> 00:37:09,320 So they were smart to have done that. 670 00:37:09,680 --> 00:37:10,800 They probably was legendary cards. 671 00:37:10,800 --> 00:37:14,120 We didn't get those legendaries. So I'm guessing they just threw 672 00:37:14,120 --> 00:37:16,360 those away. Be on the lookout for hero 673 00:37:16,360 --> 00:37:18,400 awards. Hero rewards should be coming in 674 00:37:19,120 --> 00:37:21,680 the next week or two, I would think, and those should be 675 00:37:21,680 --> 00:37:26,080 higher than than they've been. But overall, let's take a look 676 00:37:26,080 --> 00:37:28,840 at the floor. I think I saw it at at .0 yeah. 677 00:37:28,920 --> 00:37:32,000 So the floor is holding in around point OK, point OO7. 678 00:37:32,440 --> 00:37:37,560 So down a touch, the player card rewards seem to to be that the 679 00:37:37,560 --> 00:37:43,880 big, big prize that folks have been going after in this market. 680 00:37:45,280 --> 00:37:48,320 But you need those player cards to have a decent value for for 681 00:37:48,320 --> 00:37:52,280 that to be continue to be an ongoing viable piece of the the 682 00:37:52,280 --> 00:37:54,480 rewards pie. I think there's some questions 683 00:37:54,480 --> 00:37:57,400 or some chatter a little bit debate with stats in my replies 684 00:37:57,400 --> 00:38:00,440 yesterday on on if that's a Ponzi, how long it will last. 685 00:38:00,760 --> 00:38:04,120 I think it's just depends on how how successful the game is, how 686 00:38:04,120 --> 00:38:05,680 much people want to continue to play. 687 00:38:06,640 --> 00:38:10,760 I think they had along with the the company turning profitable, 688 00:38:10,760 --> 00:38:14,160 I think we saw for the first time net buyers over net sellers 689 00:38:14,240 --> 00:38:16,360 according to some of Brad's data. 690 00:38:16,360 --> 00:38:20,200 So they are certainly on the up there. 691 00:38:20,200 --> 00:38:22,480 Good to see. Shout out to the fancy top team. 692 00:38:23,560 --> 00:38:28,760 In other news from the day, perhaps getting into NF TS here 693 00:38:29,160 --> 00:38:33,360 a little bit, a couple blockbuster sales in the past 694 00:38:33,640 --> 00:38:37,080 day. Let me try to pull these up one 695 00:38:37,080 --> 00:38:39,400 second. Recent sales here we are. 696 00:38:39,920 --> 00:38:47,480 So 8 Punk sold for 620 ETH that was $1.5 million. 697 00:38:47,920 --> 00:38:50,720 What was notable notable about this one to me, I have for 698 00:38:50,720 --> 00:38:54,600 starters, 1.5 million is a huge sale for this NFT market. 699 00:38:54,600 --> 00:38:57,960 But then when you look at the past eight sales, it is about a 700 00:38:57,960 --> 00:39:03,480 full 2000 ETH less than these were going for just two years 701 00:39:03,480 --> 00:39:06,000 ago. So last sales I'll read them off 702 00:39:06,000 --> 00:39:11,000 3300 ETH for a hoodie 82.69 thousand, 25125 hundred, 703 00:39:11,000 --> 00:39:17,320 25102.25 thousand, 1600 and 7:50 you have to go back to February 704 00:39:17,320 --> 00:39:19,880 2021. I want to say to really have 705 00:39:19,880 --> 00:39:25,280 gotten a lower a lower price in ETH and in USD terms. 706 00:39:25,280 --> 00:39:29,120 So we are at at 3 lows. I think the the question going 707 00:39:29,120 --> 00:39:30,520 around is it was this a good buy? 708 00:39:31,000 --> 00:39:37,080 Was this a generational injury here on an an 8 punk Mando? 709 00:39:37,120 --> 00:39:38,720 I see. I see your eyebrows coming up 710 00:39:38,720 --> 00:39:40,680 but any reactions? Are you buying that N8 punk for 711 00:39:40,680 --> 00:39:43,280 620 ETH or 1.5 million right now? 712 00:39:46,240 --> 00:39:49,240 It's tough. The ETH FUD is, is deep in the 713 00:39:49,240 --> 00:39:52,560 market at the moment, right. So I feel this is just this is 714 00:39:52,560 --> 00:39:57,200 kind of still tied to ETH to some some extent, which I think 715 00:39:57,200 --> 00:40:01,360 is my main worry there. Other than that, I do think 716 00:40:01,360 --> 00:40:03,680 crypto art. It's super interesting and will 717 00:40:03,680 --> 00:40:08,760 be, you know, will be a field and crypto art and punks kind of 718 00:40:08,920 --> 00:40:11,280 define that to a certain extent, at least the early days of it. 719 00:40:11,280 --> 00:40:15,400 So maybe this is going to be a digital flex. 720 00:40:15,400 --> 00:40:18,000 It will come back and be very, very strong. 721 00:40:18,480 --> 00:40:24,960 I don't I don't know if it is the same flex that it was, you 722 00:40:24,960 --> 00:40:27,160 know, like it definitely doesn't feel like it was. 723 00:40:27,160 --> 00:40:30,200 I think you also have in the back of your mind like, oh wow, 724 00:40:30,200 --> 00:40:33,200 that must be down a lot when you see some of these these punks, 725 00:40:33,240 --> 00:40:35,240 right? It's kind of like what people 726 00:40:35,240 --> 00:40:37,800 say when they see apes. It's like, oh, you know, I feel 727 00:40:37,800 --> 00:40:40,080 bad. Like, you know, and that's not a 728 00:40:40,080 --> 00:40:43,160 great feeling. So yeah, like when you see 729 00:40:43,160 --> 00:40:47,200 people who have 8 punks and then they're down, you know, whatever 730 00:40:47,200 --> 00:40:50,680 that is 5060% like maybe maybe they're less of a babbling good. 731 00:40:51,960 --> 00:40:53,920 The. I think I'd still honestly 732 00:40:53,920 --> 00:40:58,480 prefer to buy the floors like some good floor plus than these 733 00:40:58,480 --> 00:41:02,080 sort of like that's a gappy sale, right? 734 00:41:02,840 --> 00:41:07,320 That is a big gap. I remember when didn't Seefray 735 00:41:07,320 --> 00:41:11,640 sell one for like 3K ETH. Yeah, the hood. 736 00:41:11,640 --> 00:41:14,400 Was it the hood? That was his then, yeah, he sold 737 00:41:14,440 --> 00:41:17,000 it for, yeah. I think there was some thought 738 00:41:17,040 --> 00:41:21,640 that he sold it for too low in USD terms perhaps, but I think 739 00:41:21,760 --> 00:41:25,680 it's about. 1500 then it was like 5 million is yeah so yeah 740 00:41:26,960 --> 00:41:29,320 that's a big gap you know that's a. 741 00:41:29,480 --> 00:41:31,960 Big gap. I think I tend to agree with you 742 00:41:31,960 --> 00:41:34,560 on the floors over grills. Well, I'm not really in the 743 00:41:34,560 --> 00:41:39,360 market for 600 and 28th NFTS at this point, unlike the the PFP 744 00:41:39,360 --> 00:41:43,000 and social status thing. I also that does ring true. 745 00:41:43,000 --> 00:41:47,760 I mean, back in 2021, I remember kind of being excited like if I 746 00:41:47,760 --> 00:41:51,520 got followed by a punk PFP or just in general like looking to 747 00:41:51,520 --> 00:41:53,880 follow those folks as signals in the market. 748 00:41:53,880 --> 00:41:57,520 And I think some of that status is certainly diminished or or 749 00:41:57,520 --> 00:42:00,520 gone away. And I don't know that, you know, 750 00:42:00,520 --> 00:42:04,440 flipping your PFP to a punk has the same splash as it perhaps 751 00:42:04,440 --> 00:42:06,840 did, which does seem like kind of a problem, right. 752 00:42:06,840 --> 00:42:10,480 That was one of the parts of the bull case and when when we were 753 00:42:10,480 --> 00:42:13,360 laying out the bull case for punks and just NFTS in general, 754 00:42:14,280 --> 00:42:17,560 their their use as PFPS. Logan any read that that you 755 00:42:17,560 --> 00:42:21,800 have on you know this conversation or or like are you 756 00:42:21,800 --> 00:42:23,240 going floors or apes what you take? 757 00:42:23,680 --> 00:42:26,400 Yeah, it's interesting. I I think I like the floors play 758 00:42:26,400 --> 00:42:31,360 as well, but I also think this is a good buy personally like if 759 00:42:31,360 --> 00:42:35,120 you're spending 1.5 million on an ape here, I don't think 760 00:42:35,120 --> 00:42:39,720 you're worried about especially given apes the aliens zombies, 761 00:42:39,720 --> 00:42:42,400 right like these just don't trade very frequently. 762 00:42:42,400 --> 00:42:47,080 You're not worried about getting 1.75 million in two weeks or 763 00:42:47,080 --> 00:42:49,760 something like that, right? So if you, if you can sit on 764 00:42:49,760 --> 00:42:53,880 your hands and, and you're OK with waiting for a better 765 00:42:53,880 --> 00:42:57,040 period, which I think we all suspect would will come, at 766 00:42:57,040 --> 00:42:59,920 least I, I suspect will come for crypto punks and NFTS in 767 00:42:59,920 --> 00:43:02,200 general. I think this is, I think this is 768 00:43:02,200 --> 00:43:05,640 a, a good buy. I I also tend to agree though, 769 00:43:05,640 --> 00:43:09,880 with, you know, your points on the, the flex feeling less 770 00:43:09,880 --> 00:43:12,840 significant than it did at one point in time for a variety of 771 00:43:12,840 --> 00:43:18,520 reasons, like, you know, Etherium's significance, NFTS as 772 00:43:18,520 --> 00:43:20,480 a whole, you know the, the significance. 773 00:43:21,040 --> 00:43:24,800 So I can see the case both sides, but I personally, you 774 00:43:24,800 --> 00:43:29,520 know, if I had a 1.5 million that I didn't care about, I'm 775 00:43:29,520 --> 00:43:30,520 OK. I'm OK with this by. 776 00:43:34,240 --> 00:43:36,640 You have to also appreciate a lot of this money. 777 00:43:37,240 --> 00:43:39,280 People are just way more wealth than you think they are. 778 00:43:39,280 --> 00:43:43,600 So yes, like maybe they just want to flex and if it doesn't, 779 00:43:43,600 --> 00:43:45,120 if it doesn't work out, who cares? 780 00:43:46,200 --> 00:43:48,760 Yeah, if if you're just scheduling splashing 1.5. 781 00:43:48,840 --> 00:43:52,600 I mean, these crypto punks in particular, right? 782 00:43:52,600 --> 00:43:54,960 Like they're, they're not going to go to 0. 783 00:43:54,960 --> 00:43:56,040 He's going to be able to get out. 784 00:43:56,040 --> 00:43:59,440 He, he or she is going to be able to get out for something. 785 00:44:00,080 --> 00:44:02,760 So maybe they just need a, a nice little tax loss harvest at 786 00:44:02,760 --> 00:44:05,440 some point in time, You know, like that's, that's in play 787 00:44:05,520 --> 00:44:08,400 here. So I, I like this purchase. 788 00:44:08,400 --> 00:44:13,600 I like any punk purchase, not any, but you know, like most all 789 00:44:13,600 --> 00:44:16,360 punk purchases, if you have a longer time frame and you're OK 790 00:44:16,360 --> 00:44:20,160 with just kind of parking, parking some ETH in in a crypto 791 00:44:20,160 --> 00:44:23,640 punk, I I like those. Logan likes that in the 792 00:44:23,640 --> 00:44:25,040 scenario. I think Farrok has said that he 793 00:44:25,040 --> 00:44:27,080 still thinks punks could go to $1,000,000 for it. 794 00:44:27,080 --> 00:44:29,400 In that scenario then this is a great buy. 795 00:44:30,320 --> 00:44:33,560 Now I think on the flip side, if you are an ETH Max, if you think 796 00:44:33,680 --> 00:44:39,640 ETH goes to 10K, ETH at 10K. If this ape holds at 6:20, 797 00:44:39,640 --> 00:44:43,960 that's what 6.2 million, so you'd be for Xing and USD. 798 00:44:43,960 --> 00:44:48,080 But then the question would be would it hold that E for I think 799 00:44:48,080 --> 00:44:51,520 that's that's another risk vector to to this market. 800 00:44:51,520 --> 00:44:54,760 But splashy sale. The person probably doesn't care 801 00:44:54,800 --> 00:44:57,120 that much. They're not sweating the buy out 802 00:44:57,120 --> 00:44:59,480 here in the near term. It was interesting also to see 803 00:45:00,120 --> 00:45:04,640 zombie move this morning. Punks OTC picked up the zombie 804 00:45:05,360 --> 00:45:09,680 Mohawk here for 240. I think that's also the lowest 805 00:45:09,680 --> 00:45:14,720 we've seen in E terms. Yeah, like of all the sales on 806 00:45:14,720 --> 00:45:17,920 the board. So if if Punks OTC is buying it, 807 00:45:17,920 --> 00:45:21,240 you know, he's he's he's got a price point that he likes. 808 00:45:22,320 --> 00:45:26,720 Other than that, not a whole lot of action on the NFT board here 809 00:45:26,760 --> 00:45:29,040 this week. I think one last quick story 810 00:45:29,640 --> 00:45:32,560 before we wrap things up. I thought this was a fun one 811 00:45:32,920 --> 00:45:37,280 here out of Avax. So Avax does keep cooking. 812 00:45:37,280 --> 00:45:41,880 So the American Psycho Film studio has launched a film fund 813 00:45:41,960 --> 00:45:44,760 on Avax Pressman film. They announced this new 814 00:45:44,760 --> 00:45:47,000 investment platform called Republic. 815 00:45:47,000 --> 00:45:49,040 It is on the Avalanche blockchain. 816 00:45:49,360 --> 00:45:52,320 Pressman is a notable studio. They're behind legendary titles 817 00:45:52,640 --> 00:45:55,440 like Wall Street and American Psycho. 818 00:45:55,480 --> 00:45:58,520 I think that gives a little bit more weight to this news. 819 00:45:58,800 --> 00:46:02,040 Through their New Republic platform, fans and investors can 820 00:46:02,040 --> 00:46:06,520 contribute to film production with as little as $200. 821 00:46:06,520 --> 00:46:10,640 You buy a stake in a slate of film to be produced. 822 00:46:10,640 --> 00:46:16,560 So, So far they've raised $300,000 against a $1.5 million 823 00:46:16,560 --> 00:46:20,480 goal. The way it's going to work is a 824 00:46:20,480 --> 00:46:23,160 new fund will support 6 potential films on this initial 825 00:46:23,160 --> 00:46:25,400 slate. Three are based on existing film 826 00:46:25,400 --> 00:46:29,400 IP, 3 original movies. Investors will only receive 827 00:46:29,400 --> 00:46:33,160 payouts if one or more of those films makes it into production. 828 00:46:33,160 --> 00:46:35,160 Then returns look like this. So if the film makes it to 829 00:46:35,160 --> 00:46:38,840 production, investors receive a portion, a portion of Pressman's 830 00:46:38,840 --> 00:46:41,760 producing and rights fees. And then if it actually makes it 831 00:46:41,760 --> 00:46:45,320 further, if it gets into release and distribution, then investors 832 00:46:45,320 --> 00:46:50,760 will receive a portion of net profits given the low odds of 833 00:46:50,760 --> 00:46:54,400 those outcomes that Pressman is also offering investors some 834 00:46:54,400 --> 00:46:58,560 perks like movie set visits, producer credits and premier 835 00:46:58,920 --> 00:47:02,280 tickets. I've got a quote here pulled up 836 00:47:02,280 --> 00:47:06,680 from Edward Pressman. But I think what's interesting 837 00:47:06,680 --> 00:47:10,080 about this AI like this use of blockchain Logan, I want to 838 00:47:10,080 --> 00:47:12,600 throw it to to you for thoughts on that. 839 00:47:12,600 --> 00:47:15,040 But you know, will this be a good investment? 840 00:47:15,840 --> 00:47:17,200 That is the the trickier question. 841 00:47:17,200 --> 00:47:19,280 So we've got crypto folks perhaps starting to throw their 842 00:47:19,280 --> 00:47:22,720 ring in film investing. Just for a recent example. 843 00:47:22,720 --> 00:47:25,800 I think they covered it in this article as well. 844 00:47:25,800 --> 00:47:30,320 But Pressman's last film, The Crow, folks might remember that 845 00:47:30,320 --> 00:47:32,640 title. It's a reboot of the 1994 846 00:47:32,640 --> 00:47:35,440 original that bombed this year at the box office. 847 00:47:35,440 --> 00:47:39,280 They had a $50 million marketing budget and netted just 4.6 848 00:47:39,280 --> 00:47:42,880 million in opening weekend. So investing in film, certainly 849 00:47:42,880 --> 00:47:46,920 not a slam dunk, but a pretty cool use of blockchain 850 00:47:46,920 --> 00:47:49,120 nonetheless. So, Logan, any reactions to this 851 00:47:49,120 --> 00:47:53,720 story? Yeah, cool, cool use of the 852 00:47:53,720 --> 00:47:56,560 blockchain. I've used Republic before to 853 00:47:57,240 --> 00:48:01,040 invest in things like Gum Road and and maybe like ACBD company 854 00:48:01,040 --> 00:48:04,840 or something just offers access to, you know, investments that 855 00:48:05,040 --> 00:48:07,080 the little guy typically wouldn't have access to. 856 00:48:07,080 --> 00:48:08,880 So that's kind of cool to be able to get in here. 857 00:48:09,160 --> 00:48:13,080 This is a fun one as well, especially if you're OK with 858 00:48:13,080 --> 00:48:16,320 just kind of probably not making money, right? 859 00:48:16,320 --> 00:48:18,520 But like taking some of those perks, it almost feels like a 860 00:48:18,520 --> 00:48:21,280 Kickstarter in a way, right? Like you might get your your 861 00:48:21,280 --> 00:48:26,400 name and the credits and, and that, that's cool, right? 862 00:48:26,400 --> 00:48:28,800 That's worth the 200 bucks or whatever the minimum investment 863 00:48:28,800 --> 00:48:31,480 level is. So I'm game for all this. 864 00:48:31,480 --> 00:48:36,080 AVAX continues to to be at the forefront of new, you know, 865 00:48:36,080 --> 00:48:39,000 innovations, new partnerships. So that's awesome as well for 866 00:48:39,000 --> 00:48:40,240 AVAX. We talked about some of those 867 00:48:40,240 --> 00:48:43,400 things earlier this week. Excited to see what happens. 868 00:48:43,400 --> 00:48:46,560 This is it's been a busy week for for film type stuff. 869 00:48:46,560 --> 00:48:49,720 I don't know if you saw that the Segway too much, but Calidita, 870 00:48:49,720 --> 00:48:54,360 the the film that was funded by NFTS is going to be on Netflix 871 00:48:54,360 --> 00:48:56,240 Spain as well. So that that was pretty cool. 872 00:48:56,240 --> 00:49:00,680 It's been a nice week for IP blockchain movies, those types 873 00:49:00,680 --> 00:49:03,400 of things. Hopefully we continue to see it. 874 00:49:03,400 --> 00:49:08,040 It's a, it's a nice like creative way to utilize 875 00:49:08,040 --> 00:49:11,480 blockchain that's feels, you know, a little more human than 876 00:49:11,480 --> 00:49:14,360 payments and finance and, and those types of things that are 877 00:49:14,640 --> 00:49:16,640 perhaps a bit more boring for the normal person. 878 00:49:17,360 --> 00:49:19,280 Yeah, exactly. I think it's just fun, right. 879 00:49:19,280 --> 00:49:21,640 People are trader causes complaining about the market 880 00:49:21,640 --> 00:49:24,200 being boring. I think it's, it's easier than 881 00:49:24,200 --> 00:49:27,960 ever in 2024 to be a a seed investor via some of these new 882 00:49:27,960 --> 00:49:31,240 protocols that are going around and being able to invest in 883 00:49:31,240 --> 00:49:34,840 projects, you know, before they hit the broader market. 884 00:49:35,040 --> 00:49:37,800 That's easier than it's ever been for people who just show up 885 00:49:38,200 --> 00:49:40,680 to crypto Twitter everyday. Like you can figure that out 886 00:49:41,600 --> 00:49:43,160 now. You can invest in things like 887 00:49:43,160 --> 00:49:45,680 films and whether or not it's a good bet, I think it's beside 888 00:49:45,680 --> 00:49:47,760 the point. I get it's fun to be able to 889 00:49:47,760 --> 00:49:51,480 throw a few $100 and perhaps say you're an investor in the next 890 00:49:51,480 --> 00:49:54,400 American cycle. I think that's a fun thing to do 891 00:49:55,000 --> 00:49:57,120 and we're just talking about, you know, the crypto wealthy who 892 00:49:57,120 --> 00:50:01,160 are splashing $1.5 million into an 8 pock, you know, perhaps 893 00:50:01,160 --> 00:50:03,920 they want a producer credit on an upcoming film. 894 00:50:03,920 --> 00:50:07,120 So there's more and more options, there's more things to 895 00:50:07,120 --> 00:50:10,760 do and bullish AVAX, like AVAX keeps cooking. 896 00:50:10,760 --> 00:50:13,240 I, I think we, we've got, you know, on a weekly basis we're 897 00:50:13,240 --> 00:50:17,120 reporting on, on new things, ways they're innovating and 898 00:50:17,120 --> 00:50:19,840 pushing the needle. So not. 899 00:50:19,960 --> 00:50:25,120 I'm seeing I'm seeing 10 grand plus if you if you invest 900 00:50:25,120 --> 00:50:29,400 $10,000 plus end credit in one film similar to a special banks 901 00:50:29,400 --> 00:50:30,960 credit. Not bad. 902 00:50:31,800 --> 00:50:36,200 If you're real wealthy and you really want that special banks 903 00:50:36,400 --> 00:50:37,840 $10,000, that's all it'll cost you. 904 00:50:38,960 --> 00:50:41,520 I mean, some of the other perks, I mean, I think that's probably 905 00:50:41,520 --> 00:50:44,680 the the least interesting, but like premier movie tickets that 906 00:50:44,720 --> 00:50:47,720 visits, those are kind of nice perks, especially if you're, if 907 00:50:47,720 --> 00:50:52,320 you're a film buff, go go rub elbows with some celebs. 908 00:50:52,360 --> 00:50:56,880 But I think that is a roundup of today's news here, folks. 909 00:50:56,880 --> 00:50:59,920 We went around the horn. No real bit spins today. 910 00:50:59,920 --> 00:51:02,720 We are going to be going hard on those next week. 911 00:51:02,720 --> 00:51:06,800 Perhaps a double dip on our 200th show next Friday. 912 00:51:06,800 --> 00:51:10,080 We will certainly find out for Roque is back. 913 00:51:10,320 --> 00:51:12,080 We are excited for that. Shout out to all of our 914 00:51:12,080 --> 00:51:14,560 listeners who tuned in for today's show. 915 00:51:14,560 --> 00:51:17,800 We will be back on Monday breaking down all the weekend 916 00:51:17,880 --> 00:51:20,280 action. As for today, go have a great 917 00:51:20,280 --> 00:51:22,120 Friday. Go make it a beautiful day. 918 00:51:22,360 --> 00:51:22,640 Goodbye.