Look at that hair I. Have a have a fan on because
it's so hot, but it's like blowing into my hair now?
Sure. Mate, Sure.
Getting ready for real vision, mate.
Oh, this will be under real vision for sure.
Just dial it up, dial up the the power.
Really looking good the hair today.
Thank. You thank you.
I'm. Proud of you?
So is it sunny today in London? It's very it's there's a heat
wave, I would say. I would say it's a heat wave.
It's very hot. It's been it's been nice all
week actually, and I think it's nice this weekend as well.
Well, that makes me very happy for you.
What are you doing this weekend? No, no big plans, just hanging
around. Not that bloody cot, eh?
Got, got, got to build. That Cot's not going to build
itself, mate. I am actually going to build the
Cot this weekend and that's the plan, That's the big plan.
Do you have like a spare bedroom or is it just I think it you do,
right? It's going right there.
Oh, right. OK, just sets for seven weeks
before the baby comes, never caught in the background.
No, we do. We do have a spare bedroom.
That's why we moved house, actually.
Because. Right, we use another room.
Yeah, for the baby. Well, that's been a that's been
a good, good move for you, right.
We'll get straight into things again.
You know for Oak, just me and OSF, I don't think we have a
guest today. The The Olive Project sold out.
Sold out. That's there we go.
That's what getting on FOMA out as project sell outs, yeah.
What do? You what do you got there?
I I actually got myself a little iced coffee today because it's
very warm here in in Portugal as well.
Are you You don't really drink coffee, but you you are partial
for an iced coffee. I'm partial to a nice, nice
sweet Milky iced latte or something, yeah.
It's basically a sweet milk for you, isn't it?
Yeah, for me. Coffee.
Just as much sweet. Milk with sugar, please.
Like condensed. You like condensed condensed
milk? I love about condensed milk.
I haven't had condensed milk for a long, long time, but yeah, no.
Why not? I can imagine that's that's part
of your your diet for sure. Market is looking better today.
So we spoke yesterday about how you're a little bit disappointed
and that we said, I think we actually called this one pretty
well, right. Like we said on on Monday and
Tuesday, we thought Bitcoin would go down to around 60 K and
then we would decide if we're going to go higher or lower,
went down 60 K, we then bounced again.
We haven't reclaimed a higher high.
So this is just feels like we're still going to be ranging.
So I think if I'll be very, very wary of just like buying into
every single pump you see in majors because I don't know if
we're quite there yet, but definitely felt like a stronger
day. Weirdly, we saw an outflow on
both the ETF and the Hong Kong ETFs yesterday.
So. Outfits already in the Hong Kong
ETF? Oh God.
They didn't want it. They didn't want it.
That they're both in there, just like.
Asia is selling. Yeah, it's, I was surprised
about that too. But yeah, they've had two
outflow days already. So I didn't like that headline.
But in general quiet I wouldn't buy into much.
Still feels like a little bit of a a market which lacks
direction. The one thing that has been
continuing to kind of lead the the the bounce though has been
Solana and mainly that's just because of meme coins coming
back again. If I'm honest you saw Solana
decks volume again overtake ETH. I think Solana revenue is now
above 50% of of ETH as in like it's it's it's nearly catching
up with ETH. I think I I saw a piece
yesterday which is said that they think that Solana revenue
might catch ETH relatively soon because E fees are going down
because of the the the the fee switch from the the last EIP and
Solana fees seem to be going up because of just the crazy amount
of meme coins being launched. I think Tuesday was the most
meme coins or most new tokens of which the majority of them are
meme coins ever released on Solana.
So we're just getting huge huge coins being released.
Mainly this is via pumped up fun, but you're seeing other
other platforms do it as well and Solana continues to dominate
that. We can get into those stories
there, but how are you feeling on the on the sole ETH Bitcoin
ratio the most, the most boring and most talked about trifecta
ratio in crypto. Where where are you leaning
towards here? I do.
I've all. I mean, I still think.
I still believe in like the rule of beta, so I do think Solana
will be the one that outperforms them both if markets continue to
go higher. The real one in question here is
ETH BTC, because like theoretically ETH should be
higher beta than Bitcoin. But Bitcoin has outperformed ETH
this year and that's the one I think we should be looking out
for. But I do think I think the ETF,
ETF rejection is going to be a turning point for ETH to the
upside. I think it's all priced in now.
It's going to get rejected and then the next few headlines will
be about court cases and the next steps and all that kind of
stuff. So like, we're kind of like
fearing the bad news and we're going to get to the bad news,
but then after the bad news, there's going to be hope again
and good potential good news. So I think that's when ETH
starts to really outperform again.
It's my opinion. That's my bet, basically.
But. I don't know.
We'll see. I've.
Seen. I've seen lots of hot takes on
this. Yeah, it's been very easy to
bash ETH over this period, I think.
I don't know. I really don't know.
Again, Anton was like he thinks sold Eve's dominance has hit all
time highs like it's never coming back.
You. I was listening to the The Block
Works podcast, which is a good one.
I don't know if you listen to that one, I know you don't
because you don't listen to any podcast.
But they they all came out being a bit more bullish on ETH than I
thought they would be. That's like Arby Feldman who
used to run Golden Tree. That's Santi who's been a bit
more of a Solana bull to be honest.
But he they everyone came out like a bit more ETH bullish from
that which I was I was surprised about.
And then you have the Bitcoin Maxis again, just pointing to
the idea that all this stuff's about to be built on Bitcoin and
everything else is a zero and no one's going to get an ETF.
So I think right now I'm still in the Solana camp, but I do
think that I actually think Bitcoin is the other one.
Like I I I don't really lose sleep not owning ETH but
sometimes I just feel like Bitcoin could just continue
going and everything else doesn't really catch up.
But I think that barbell is still where I where I'm at
Solana Bitcoin. But may maybe thought the ETF.
I do think that the ETF being rejected is not, is being seen
as like this terrible event. And actually it's just going to
be like, well, when is it going to be accepted?
Like they'll look later in the year or they'll look early next
year and be like right when it's going to reapply, we're going to
sue them and we'll see where that ends up, so.
I agree. That's why I think the second,
yeah, that's why I think the second-half of the year could be
interesting. I think we're in this like
challenged period right now where it's like oh, like
rejection or that kind of stuff. But then when you look to the
second-half of the year, you start to get these positive
catalysts again, like break cuts, potentially ETF, the
sequel potentially. Like there's some good things to
look forward to. I think elections, some good
things to look forward to in the second-half of the year.
And I think we just have to brave it through right now.
Yeah, yeah. And then in terms of the stuff
over the last 24 hours, we had blast came through with season
three, is it of it's gold like basically the distribution for
15,000,000 and it looks like the one take away from that and it
now has a new tie ring, right. It has like a platinum tie ring
and something like that. And I think thruster got it.
The other one got a big was fantasy 2.1 million gold.
Obviously we don't know what what gold price is, but let's
say that's in the in the 10s of millions where I think that's
going to make people a lot more interested in that potentially
it's going to be kind of similar to friend tech, right?
Like we spoke about this before you're you can lose money and
still make money because of the air drops that are probably
going to come to that ecosystem. What's been going on there?
Because I, I have to admit, like I've been so focused on The Dark
and I wasn't made a hero because I didn't set myself up in time,
so then I just didn't pay attention to it.
But what's happened to the What's happened to the the The
Kards since the end of season one?
So there was a bit of a sell was yeah, it wasn't really after the
the tournament, the second tournament finish, they had to
shut the first, the second, the main tournament down early
because there was a lot of botting.
And then after that, I think Kards took a dip, yeah, but then
after they announced the gold last night, cards have started
to rally again. It does seem to me like there's
a compression in card prices like the rare stuff and the more
expensive stuff is not really trading that well and seems to
be quite well offered. But the floor seems to be quite
well bid and I think people are realizing, well, if you know, if
they ever won another last gold jackpot, that's kind of done by
number of cards rather than done by, you know, Rarity and points
and all that kind of stuff. So that's the main reason.
So I was just to simplify it when versus peak portfolio, how
much you, how much did it go down to and where is it now?
It's tough to really judge because the just the portfolio
value is just based on illiquid numbers like if you own a rare
card you have two or maybe two or one listing that it's
benchmarking off of. So you know one of those like.
MFTS used to be like. A pegs or like a like a Suddenly
your lost robbie's worth, like me.
Oh. Yeah.
So it's hard for me to judge because, yeah, it's hard for me
to judge. But I do have a couple of like
illiquid rare things and you can't really judge portfolio
value from those like. So at one point when I was like
extremely high and then it dropped by like 60%, but I could
never monetize probably at that extremely high level, so.
I missed that. Don't you miss that about NFTS?
Like, remember when? We That was fun, yeah.
We used to come in to to just give a background to the
audience like we used to trade a market which was more similar
like that. We used to trade distress and
high yield bonds. So like if there was no bid for
a bond like it would just go like down a lot.
And it's very similar to NFTS and that's why we came into this
market because it felt so similar.
It was like very liquid. You could it was either A0 or it
was going to be it was going to do well and like I enjoyed that
when we first came into trading because you could really make
bid offer like if you're a good trader you can kind of buy
things low and sell them high. Whereas now it's like there's a
floor bid for 1000 and and we just farm it lower and stuff
like that. It's like it's not it's not
where the skill set is. So maybe I should get involved
in this. It does feel like kind of fun.
It's fun to trade because it's also not on any other
marketplace. So the platform makes royalties,
but there's no like farming bids like there has like there's
another marketplaces. So it does feel a little bit
like trading again. And there's also like this
performance attached. There's performance attached to
these cards right? Because like they are the only
points and you know you have a it's it's kind of cool that you
can find some guy with like not many followers and he's quite
cheap and then he can suddenly blow up and it goes higher like
it's it is actually quite absent of like trying to earn gold and
trying to farm this AirDrop. It is actually quite a fun game
I would say, Yeah. So if you have no time in your
hands and you're just in CT all day, you might as well get
involved basically. If you have something still
trading. Yeah, kind of feels like
something. I mean, I'm unbelievably busy at
the moment. I don't know if you've noticed,
but my mandate minutes is going out like an hour and a.
Half late I did. I saw I got one the other day at
like 2:00 AM or something else like I sent.
Out Mando, The weekly minutes last night at at midnight.
Because I'm just so. Busy.
So yeah, that one's been but yeah maybe I maybe I'll just get
involved and and and play around a little bit but so so and what
do you what do you buy You buy like a there's there's three
tiers, right or there's family tiers.
So you can buy a pack which would give you random cards,
yeah, but given the probabilities, it's quite low EV
to buy a pack, right? To just get involved.
Yeah, and you can buy. You can have a common card, you
can have a rare card, you can have an epic card, and you can
have a legendary card. But if you have 5 common cards,
you can then choose to upgrade it to a rare card.
So how much is your common card I?
Don't know? Let's have a look.
How much is like an anthem one? And ansome one I think is
probably like 4 ETH, three or four ETH or so for a common
yeah, but ansome stats are crazy.
So he's like a guaranteed performer every week, right?
It's like, it's like, it's like imagine playing fantasy football
and you get Harland or you get like Sergio Aguero back in the
day, or like or Suarez, where you just know they're going to
perform every single week. It's like those KSI videos.
Where where, where am I? Where do you reckon I I'd be on
this? I think you'd be ranked similar
to me there is. The way that these numbers work,
I think is the best thing to have is high engagement and
views and low followers. So it's kind of like a ratio
thing. So we have quite a lot of
followers, but our engagement's like, OK, we don't, we're not.
You have more followers than me though, right?
I think you have like 50,000. More, yeah, but our engagement
is similar. So like for example like versus
like. Someone with like 20 K followers
probably has can have a lot more engagement than me, and
therefore their card's a lot more valuable than me.
So I think you know, on that basis it's it's a bit more
tricky, isn't it? You know, it's a bit more
tricky. But that's why someone like
Ansim or even Greg are like really expensive.
Because you. I love that he's involved, like
he's not really that crypto right.
He does follow me randomly because I think he follows me
for like the crypto news bit, but.
He's a really good. Yeah, he does.
I don't know why, I have no idea like.
One of people and I'm one of them and I'm like what like I
think he he used to like comment on on the on the man in minutes
I think he's like he's peripherally involved in crypto
but. It's pretty funny.
Someone like, someone like. Block race for example has a is
ranked 5th I think, but he only has 40,000 followers.
But his engagement ratio is pretty high versus his followers
so. Yeah, so something like Tyler
would be a good one or? Yeah, Tyler's not on there yet,
actually, but he'll be a good one, yeah.
I am following Block. Crazy.
He's not following me. Nice.
OK, cool. All right, so I'm going to get
involved in that. That feels like that's going to
be the winner from the the gold. We spoke about PAC Moon
yesterday, who won the Gold Lottery yesterday.
So it's not necessarily every day, there's just a probability
of every block winning, so. Who goes to 0?
Yesterday, there's no winner. Imagine if Pac-Man won again,
like the the scenes on the timeline would be pretty.
Frankly, frankly, just loses his mind, yeah.
Frankly, we would lose their minds for sure.
God, I love it when frankly loses her mind.
Oh no, I've I've gone frozen. Hold on.
Yeah, you're frozen. You're gonna have to leave
awkwardly. Leave me again.
Yeah, yeah, yeah, you are. Just sort of look into space
while I wait for Michael to get. Back.
I'm back. Oh, you're back.
So yeah, do you think, do you think if they win again, do you
think Pac-Man just has a cheeky Yeah, not for you.
Let's run it again. Run the algo again.
Yeah, I mean, we don't really know.
It's not. Run it, rerun it, boys.
Just blow on it does does feel like doesn't have frankly up his
arse again, does he? All right, well, let's see what
happens. I am a buyer of PAC Moon on any
dip. I like that guy.
I like Lambo Land. I think he's a good bloke.
I did sell a little bit after the after I spoke to you about
it for this exact reason. Because I just felt like it, it
might not win again for a couple of days and then people, right,
because it's so the the the LP is tiny.
I don't know if you've seen this, but like the LP like you
sell like 1% or like you sell a small amount not 1%.
So no. And that but and it it it like
gets absolutely smashed. So I'm definitely aware, yeah.
It needs more liquidity, I think.
I don't know what exchanges have even started listing BLAST
tokens yet, but my hope is that yeah, which is great.
Definitely that's that's the the problem about it.
That's how you know it's early. Yeah.
I think once you get BLAST, TGE and the token trades a ton and
it has this high FTV and all that kind of stuff, I think
you'll then start to see volumes for the BLAST ecosystem increase
for tokens, for tokens. And then I think that's not to
see exchanges list them, I think.
Did any exchange? Did any VCs like invest in
BLAST? Did any sorry, did any exchange
VCs? Oh, that is a good question.
I think it's on their website. Let's see.
I know they're often not related, but yeah, we should
have a look. Pac-Man Blur.
Oh no, that's not the investors paradigm Standard crypto.
Right. Eagle Cup No.
No exchanges. Andrew Kang Fuba Saka, OK?
Well, see, the buybit one's not called Buybit, right?
It's called ibit Ventures. Changed its name to something
else. Marana.
Marana, are they? Are they there?
So if Marana's involved, it's really by bit, but it's not by
bit. They're.
Not they're not on there. I don't see any exchange
ventures on there, no. OK, all right.
So we don't know. But yeah, they they are going to
get definitely get listed. So it does seem like that's
something to pay attention to. And then our Solana meme coins.
Finally, the duck emerges. Finally up.
From I think I was sitting there 19 days lower out of 25 or
something ridiculous. I was carrying it, just coming
in each day working like a dog. We got a listing that that
rallied a lot. It's looking good.
I'm happy with my duck right now.
Community's on fire. And then you put out that thing
today about pump dot fun. Other pump dot other pump dot
fun. Coins are soaring.
So you've seen Mitchy went all the way up to 250 million, and
that was after Shark. Cat also had a big move, up to
like 200 million over the last few days.
So big, big moves there. I don't really know what
happened with Mitchy. Like I saw Anson put out a poll
yesterday, which is like which coin is which cat coin is going
to be the highest cat coin like, and I think they may be won or
something like that. But then after that it just
fucking flew. So that one's been a big move
and then like I said, just a lot of focus.
You just this Solana meme coin meta, everyone thinks it's going
to die or it's about to die and then it just it wants more.
Like this is where the liquidity is, whether you like it or not.
Which is? Where it is?
Solana being strong has definitely helped.
I don't think we've seen the end of Solana meme coin season with
being strong has definitely helped and I think the pump dot
fun narrative is a thing. And it's pretty crazy.
Like the top top 3 coins are Mitchy Shotcat and Epic Dark
Mitchy's at 250 mil wherever it is, Shotcat's at 175 where it is
and Epic Duck's at like 20 mil wherever it is.
And that's a big that's a shield.
That's a shield right there. But yeah, it does show you that
they're like, there is. Just saying numbers, man.
I'm just stating facts, facts and numbers.
What I would say. No predictions, just facts and
numbers. They're cleaner.
Coins, if they work out, there's a lot of rugs I'm pumped up on
too, so you have to be very, very careful.
But like they are clearly more. And if I was to pick the coins
that have really mooned, what are the other coins that have
really mooned over the last couple of months?
They have been those two coins. And then there's this Hammy coin
which I I don't really know how Hammy was crazy but it wasn't a
pumped up fun. But other than that, it's been
like very organised cabal, like a MEW.
Or what was that other one, that Maneki where it was like, OK,
OK, let's calm down. Asian Capcom coming to Market
like? And in, oh, it's opened at 200
million and it's already listed on LKX, OK.
And then this has been down only since, but like the actual only
ones which felt relatively organic have been these have
been these pumped up Funko. And so I do think, and I am, I
am spending there's a guy who now who's now like a community
leader mod for for Epic who is a who actually came in because of
pumped up fun. And he's like got this whole
strategy around it. And like, there's clearly a lot
of people who are spending a lot of their time either pumped up
fun, he showed me. There's like a competitor
launching now for pumped up fun with like cleaner UI or like
people are on photon and like photons making it super easy.
But it does feel like if you're not spending your time trying to
get blast points, then get yourself a strategy around pump
dot fun. That's what I would say.
Like there are people doing it and they're doing it I think
relatively well. There's obviously some bots
doing it as well, but it does feel like there's a lot, there's
some serious stuff going on there.
So those are the two things I think if I had more time I would
be focusing on in terms of broader crypto.
Then there wasn't really, there wasn't really much.
I saw there's a there's Have you seen what's been going on in the
in this Not coin. No, what's that again, Is that
that rings a bell? So not coin is like the meme
coin of the Ton community, which is the Telegram community.
And weirdly, the telegram coin ton hasn't been listed on a
bunch of exchanges, but it now looks like they're going to list
the meme coin. So this not coin which is
basically just the meme coin of Ton got listed and now everyone
thinks that ton itself, which is the telegram coin essentially is
going to get listed too. Which I think was which I
thought was like super interesting.
But I I don't. I think the ton L1 is one of the
only ones which I'm like this could be super interesting but
there's there has been some hot takes on Ton and and telegram in
general after the TikTok ban. I don't know if you've you've
seen any of this stuff have you? Have you?
No. So Telegram itself is actually
owned by a Russian, a Russian bloke who lives in Dubai.
And after the move that they banned TikTok in the US, you
know, like they passed to have that ban and Tik Tok's now suing
the US. But there's been a lot of focus
on whether they're going to go after Telegram next because the
I think the algorithm for the for the security for the is is
proprietary and obviously owned by like a Russian living in
living in the UAE. And there's like a lot of focus
that they may step in because you know, like whether you like
or not, TikTok got attacked by the big US.
It's big benefit to like the big US social media giants like like
Facebook which owns Instagram and Google which owns YouTube,
that that tik toks may be gone. And similarly if they get rid of
Telegram, you have Apple iMessage, you have, you have
WhatsApp. I think Microsoft owns Discord
now or or does it? I forget like it maybe it pulled
out but like definitely there's a lot of focus on maybe Telegram
could be the next one in the crosshairs in the US but I don't
know Telegram I love because I feel like it's so crypto
friendly but I would it's definitely something to be I
like Telegram but I think there could be a headline there.
But yeah there's some speculation so that one's been
rallying all coins were were rallying.
Quite a few of the AI coins have been bouncing actually they've
they've definitely been the best performer of the last week
alongside memes. So a lot of those like those
stories like are we even render and the coins that you you
didn't really know what they were doing they've been rallying
again but but that and meme coins have been a bit been the
two strongest but but other than that the stories in in crypto
were mainly just around the fact that Solana again is is is is
dominating and and there was some I think the the Eigen layer
claim goes Live Today but given it's untransferable I don't
think anyone anyone really cares.
Yeah, in terms of in terms of NFTS, we saw another alien punk
cell and but it's still relatively quiet.
I think there's been a lot of stats recently about how like
the number of traders on fantasy is is already eclipsing NFTS.
It feels like the whole NFT community has just paused it
there, right? And like you said, it's more
fun, but it's more fun isn't it feels like.
Thing about NFTS is I just think they're what I realized is
they're just dead on ETH right now.
Like there's a lot going on. There's obviously been a lot
going on in ordinals this. Year.
We say that as founders of an NFT protest on ETH, right?
It's just like it's just tough. Like what you what you meant to
do? Yeah, and then, you know,
there's NFTS are trading on blast right now and obviously
that's because people are incentivised to trade them.
But you know it just makes you realize that maybe unless the
NFT is like a truly a collector's item and it makes
sense to be on ETL one and potentially high value NFT or
whatever. It has some good problem on it.
So it's meaningful. It's tough for new.
It's tough to bring new stuff on ETH.
Like I like I did that PD5 in ETH beginning of this year and
it's just like I really wish I did it on even Solano, just
something else it would have just isn't it way better just I
did it on ETH it just like it was great people.
Blast. Yeah, if you're not on BLAST,
for example, it would have been an epic collection to have done
on blast. It would literally would be 10
times the value if it was on Blast right now.
And that's crazy, right? Yeah.
And that's that. I think it's, it's really what
we spoke about yesterday, which is like there hasn't been that
many users have come in this cycle.
So people are just going where they can make the most money.
There's a lot of finger pointing, but like you just have
to just be like, you know what kind of like there's not really
much you can do about it if, like you said, if you've done a
collection on Blast or in Salaam, maybe not Solana.
I don't think Solana. I mean, NFTS have really had
that good of, but if there's anything around an AirDrop, it's
it's like a good time to be gone.
Yeah, he's he's just taken another.
So I say, is there any reason why we just got wrecked again in
the last five minutes? Not.
Even too sure I don't really have one jar open at the moment,
but yeah, I don't know. Solana's still looking all
right, but it does feel as though.
Bitcoin and Heath just destroyed.
It had been a strong week for stocks.
I don't know how are stocks trading.
Stocks are trading. Unchanged.
Unchanged, smaller, I don't know.
I think we'll be fine. Who's saying?
Apparently consumer sentiment numbers came out, but I don't
really know what. I don't think I love how on
these macro things, tradify doesn't even move and crypto is
like oh like right scripto is liars like.
What Stagflation. Yeah.
It's not what you mean. It's like we it's so obvious
that when nothing is happening in crypto, when there's no
actual net inflows to the Ponzi, like narrative follows price.
Like we just sit here and just go like oh it's down there for
we must talk about how one small like the the Fed Beige Book came
out and and and we're going we're going down to zero.
Yeah Michigan Michigan Philly Fed came out hog futures
particular time guys you're you're paying attention on my
lean hog's hat. OK.
Yeah. I I think, I think that's kind
of kind of broadly it for today, I know.