1 00:00:00,440 --> 00:00:06,240 All right, good morning. Good morning, GMGM folks. 2 00:00:06,600 --> 00:00:10,640 It is another beautiful day to have a beautiful day. 3 00:00:10,800 --> 00:00:14,800 Welcome to another episode of FOMO Hour today, one more hour, 4 00:00:14,800 --> 00:00:20,160 episode 168. Today is Tuesday, July 30th, 20. 5 00:00:22,400 --> 00:00:25,840 It is a hot, sunny morning here in Chicago today, folks. 6 00:00:26,240 --> 00:00:30,880 Crypto was feeling hot yesterday morning into our our show and 7 00:00:30,880 --> 00:00:34,600 then things went South of it and not quite as hot here today. 8 00:00:34,680 --> 00:00:38,880 Etho may be feeling kind of hot, at least compared to the rest. 9 00:00:38,880 --> 00:00:42,040 I'm sure we'll get into that here in a bit, folks. 10 00:00:42,040 --> 00:00:44,760 No faroke today. He is traveling back from a 11 00:00:44,760 --> 00:00:47,360 funeral. But we've got Mando on deck to 12 00:00:47,360 --> 00:00:50,320 help us cope with these spooked markets. 13 00:00:50,320 --> 00:00:53,080 It seems like the US has spooked everyone. 14 00:00:53,080 --> 00:00:57,880 Mando, Jim, how you doing? Doing great man, doing great. 15 00:00:58,200 --> 00:01:00,840 Another day in London. It's actually been surprisingly 16 00:01:00,840 --> 00:01:02,400 nice weather since I've been back for once. 17 00:01:03,440 --> 00:01:04,920 Nice. Do you still have another few 18 00:01:04,920 --> 00:01:06,960 days, weeks left in your trip over there? 19 00:01:08,640 --> 00:01:11,600 I'm here until next, until Sunday and then I'm going 20 00:01:11,600 --> 00:01:16,520 straight back to to Portugal for a long time. 21 00:01:16,520 --> 00:01:18,280 I think I'm done travelling for a while. 22 00:01:19,160 --> 00:01:21,800 Yeah, I can understand that. Well, enjoy your your last week 23 00:01:21,800 --> 00:01:24,760 over there. Things feel a little slower here 24 00:01:24,760 --> 00:01:27,640 to to kick off the week. It does feel like the time to 25 00:01:27,640 --> 00:01:31,680 kind of enjoy the last few weeks of summer, but still a good 26 00:01:31,680 --> 00:01:35,040 amount to cover. So we'll break it all down on 27 00:01:35,040 --> 00:01:36,600 today's show. We're gonna start with the 28 00:01:36,600 --> 00:01:38,160 market report. We're gonna talk to the US 29 00:01:38,160 --> 00:01:42,160 government spooking the market by moving some Bitcoin, Seoul 30 00:01:42,160 --> 00:01:44,960 flipping ETH majorly and some key metrics. 31 00:01:44,960 --> 00:01:48,840 The SEC dropping some securities allegations here in the last 32 00:01:48,840 --> 00:01:51,240 day. Blackrock's CIO making some 33 00:01:51,240 --> 00:01:55,360 bullish, some bearish comments in an interview yesterday. 34 00:01:55,360 --> 00:01:58,000 Crypto continuing to get more and more political. 35 00:01:58,440 --> 00:02:01,080 A new Nero winner. It seems like the Nero meme coin 36 00:02:01,080 --> 00:02:05,320 winner has now been cemented. Perhaps a surprising outcome. 37 00:02:05,480 --> 00:02:10,600 We've got this flog token going nuclear and NFT news doodles are 38 00:02:10,600 --> 00:02:14,600 pumping in big red guy news. Some a big new partnership. 39 00:02:14,600 --> 00:02:16,320 So perhaps we'll chat about that. 40 00:02:16,680 --> 00:02:21,280 I think without any any further ado, why don't we get into the 41 00:02:21,280 --> 00:02:28,000 the Mando market report? Who is the? 42 00:02:28,480 --> 00:02:30,320 Man macro. Daddy of the land. 43 00:02:33,920 --> 00:02:36,600 Can you dig it now? We're just going to go back and 44 00:02:36,600 --> 00:02:38,240 forth on market reports, aren't we? 45 00:02:39,720 --> 00:02:42,440 It's like we're covering 90% of the market here just being you. 46 00:02:43,400 --> 00:02:45,520 It feels as though the main thing that happened over the 47 00:02:45,520 --> 00:02:48,280 last 24 hours was just this movement of Bitcoin, which kind 48 00:02:48,280 --> 00:02:52,240 of spooked the market. About 2 billion worth is related 49 00:02:52,240 --> 00:02:57,760 to the Silk Road claims or seizures, let's say. 50 00:02:58,520 --> 00:03:01,040 And I think this was maybe pre announced. 51 00:03:01,040 --> 00:03:04,520 We we saw some, some news around this, that Coinbase is going to 52 00:03:04,520 --> 00:03:09,200 potentially custody this. So there's been some expectation 53 00:03:09,200 --> 00:03:10,920 that this isn't going to be sold, that this is just a 54 00:03:10,920 --> 00:03:13,480 different custodian. That being said, it took the 55 00:03:13,480 --> 00:03:17,080 whole market lower. We saw Bitcoin head down to 56 00:03:17,080 --> 00:03:19,000 about 60 K and hasn't really bounced, to be honest. 57 00:03:19,000 --> 00:03:22,120 We've just cleared out a bunch of open interest Solana head 58 00:03:22,360 --> 00:03:26,240 head below 180, which I think was an interesting move. 59 00:03:26,680 --> 00:03:28,840 And then you saw ETH slightly outperform. 60 00:03:29,360 --> 00:03:31,760 I think the main things that have happened over the last 24 61 00:03:31,760 --> 00:03:35,600 hours there is BIN. The greyscale outflows seemingly 62 00:03:36,160 --> 00:03:37,800 look like they've slowed down slightly. 63 00:03:38,880 --> 00:03:41,480 I think it was a figure below 200 million of outflows 64 00:03:41,480 --> 00:03:45,800 yesterday, which led to a bounce for Solana. 65 00:03:46,600 --> 00:03:50,120 You did have some headlines for the SEC in their Binance 66 00:03:50,160 --> 00:03:51,520 lawsuit. We're probably going to drop 67 00:03:51,520 --> 00:03:54,720 some of the securities claims of which Solana was one of a few 68 00:03:54,720 --> 00:03:57,920 different securities there. So people getting relatively 69 00:03:57,920 --> 00:04:01,640 bullish, bullish around that. But we've basically seen a 70 00:04:01,640 --> 00:04:03,800 reversal if we bring up the sole each chart. 71 00:04:05,320 --> 00:04:08,480 I think that it hit like a trip that was right on all time high 72 00:04:08,480 --> 00:04:11,520 and it just bounced from that all time high. 73 00:04:11,880 --> 00:04:12,960 I don't know if you can do it on there. 74 00:04:12,960 --> 00:04:15,120 Maybe you have to do it on my deck screen or something solely 75 00:04:15,840 --> 00:04:20,040 or on trade. Or maybe maybe you have to do it 76 00:04:20,040 --> 00:04:27,840 on trading view actually. But it's, yeah, like if you 77 00:04:27,840 --> 00:04:32,720 bring up this chart and you look back over the last go to full 78 00:04:32,720 --> 00:04:38,120 chart, if you go up slightly, up slightly. 79 00:04:38,480 --> 00:04:39,640 Oh yeah, I see this is good enough. 80 00:04:39,680 --> 00:04:42,520 You see, like it basically bounced off that all that 81 00:04:42,520 --> 00:04:47,840 ceiling level that is hit a few times and has has dipped from 82 00:04:47,840 --> 00:04:50,160 that level. So it looks like a little bit 83 00:04:50,160 --> 00:04:52,800 better over the last 24 hours. Obviously, there's some 84 00:04:52,800 --> 00:04:54,880 expectation that Grace Government might be close to 85 00:04:54,880 --> 00:04:56,760 being done already. They've already gotten rid of 86 00:04:56,760 --> 00:05:00,000 like 25% of their holding. So it's been a been a big, big 87 00:05:00,000 --> 00:05:04,320 move, move lower. So yeah, people are getting, you 88 00:05:04,320 --> 00:05:10,200 see it was around 200, two, 110 million, which is down from 400 89 00:05:10,720 --> 00:05:13,600 to 500 million and then 300 million most of last week. 90 00:05:13,600 --> 00:05:17,480 So that people took positively. You've bounced, I think as soon 91 00:05:17,480 --> 00:05:20,480 as that figure came out and you've kind of just had a bit of 92 00:05:20,480 --> 00:05:24,560 a reversal in the the the Solis chart, which has been kind of a 93 00:05:24,680 --> 00:05:27,600 multi week highs and close to all time highs there. 94 00:05:27,600 --> 00:05:29,920 So that that's been the main macro news. 95 00:05:30,080 --> 00:05:32,240 I'm kind of surprised. I kind of felt like we it was a 96 00:05:32,240 --> 00:05:36,760 decent flush yesterday when we hit 70 K and I thought we would 97 00:05:36,760 --> 00:05:38,720 kind of bounce pretty aggressively just given how 98 00:05:38,720 --> 00:05:42,760 positive the weekend was. But maybe we don't know, maybe 99 00:05:42,760 --> 00:05:44,400 this Bitcoin does get sold, who knows? 100 00:05:44,400 --> 00:05:47,360 Like it still feels like it's people guessing that that that's 101 00:05:47,360 --> 00:05:50,800 what it's around. So maybe some people are in the 102 00:05:50,800 --> 00:05:53,960 know there. Solana being a blow 180. 103 00:05:53,960 --> 00:05:55,840 I think people obviously got Super Bowls out when it was at 104 00:05:55,840 --> 00:05:59,400 195 where it is. It's probably a good good that 105 00:05:59,400 --> 00:06:02,160 it cleaned out some of these aggressive longs. 106 00:06:02,160 --> 00:06:06,440 I think the CME open interest or actually global open interest on 107 00:06:06,440 --> 00:06:08,560 Bitcoin was the highest level ever yesterday. 108 00:06:09,120 --> 00:06:12,760 So when you have a setup like that, it kind of feels like we 109 00:06:12,760 --> 00:06:15,600 probably need a flush before we even attempt to to go to all 110 00:06:15,600 --> 00:06:17,600 time highs. We have a. 111 00:06:17,840 --> 00:06:20,400 Big week. Sorry, maybe just to jump in 112 00:06:20,520 --> 00:06:22,080 real quick, what was throwing me off? 113 00:06:22,160 --> 00:06:24,360 So I understand like the US government move, you know, 114 00:06:24,480 --> 00:06:26,640 spooked some folks even though it's unclear if they're actually 115 00:06:26,640 --> 00:06:29,120 going to sell it. But then there was also inflows 116 00:06:29,720 --> 00:06:33,080 yesterday. So like I bet had 200 million. 117 00:06:33,960 --> 00:06:38,480 So I guess maybe it's the the debt, the delta neutral trade in 118 00:06:38,480 --> 00:06:40,360 in action. But like that's what really 119 00:06:40,360 --> 00:06:44,840 surprised me when I saw like the net 125 million in inflow into 120 00:06:44,840 --> 00:06:48,080 the ETS and we still, you know, fell 5%. 121 00:06:49,240 --> 00:06:51,800 Yeah, I mean, it wasn't the biggest inflow ever. 122 00:06:51,800 --> 00:06:56,160 I feel as though short term moves in Bitcoin don't really 123 00:06:56,160 --> 00:06:58,200 pay attention to daily inflows too much. 124 00:06:58,200 --> 00:07:01,880 It's more like over medium term. I think we are set up to hit to 125 00:07:01,880 --> 00:07:05,080 go close to that 71 to 72 K area. 126 00:07:05,400 --> 00:07:07,920 I think we probably needed this to flush this out a little bit, 127 00:07:08,160 --> 00:07:09,240 people to be a little bit scared. 128 00:07:09,240 --> 00:07:10,600 Again, you don't just hit all the time. 129 00:07:10,600 --> 00:07:13,000 I think you need a little bit of pain right beforehand. 130 00:07:13,000 --> 00:07:16,240 So I think this is a good setup. It'll probably happen suddenly 131 00:07:16,240 --> 00:07:19,160 when people aren't expecting it. It has been a big week or is 132 00:07:19,160 --> 00:07:20,520 going to be a big week for macro. 133 00:07:20,520 --> 00:07:24,400 This week we have three different major central banks 134 00:07:24,400 --> 00:07:29,240 deciding on policy, BOJ, Bank of England and then the Fed. 135 00:07:29,320 --> 00:07:32,920 And then you have you have non farm payrolls, you have a bunch 136 00:07:32,920 --> 00:07:36,160 of tech earnings. You had EUR and GDP today. 137 00:07:36,160 --> 00:07:40,080 Like definitely a big week for macro of which I'm sure people 138 00:07:40,080 --> 00:07:46,600 make all, you know, make huge, huge claims that we're going to 139 00:07:46,600 --> 00:07:49,760 absolutely tank or we're going to absolutely rip on the back of 140 00:07:49,760 --> 00:07:51,600 them. I think just expect some 141 00:07:51,600 --> 00:07:54,640 volatility this week on the back of how many different headlines 142 00:07:54,640 --> 00:07:56,080 we're probably we're probably going to get. 143 00:07:57,000 --> 00:07:58,120 Yeah, it's going to be roller coaster. 144 00:07:58,120 --> 00:08:02,080 We've got FOMC plus July rate cut decisions plus whatever 145 00:08:02,080 --> 00:08:05,560 Powell's going to say tomorrow and Coinbase earnings too on 146 00:08:05,560 --> 00:08:09,600 Thursday after close. So that's going to be an 147 00:08:09,600 --> 00:08:13,440 interesting one to, to see how they're doing. 148 00:08:13,480 --> 00:08:17,400 You know, I think one of the, the interesting headlines for 149 00:08:17,400 --> 00:08:20,760 me. So, so BlackRock, let me try to 150 00:08:20,760 --> 00:08:24,000 see if I can pull this up. They, they had the CIO was 151 00:08:24,000 --> 00:08:27,960 giving this interview to, to Bloomberg and they, they 152 00:08:27,960 --> 00:08:29,120 mentioned a couple different things. 153 00:08:29,120 --> 00:08:33,360 So one, they said they're expecting to see allocation of 154 00:08:33,360 --> 00:08:37,760 crypto ETFs into model portfolios using their words by 155 00:08:37,760 --> 00:08:41,039 the end of this year, which I thought was, you know, a bullish 156 00:08:41,039 --> 00:08:43,480 signal that that yes, the, the bankers are really going to 157 00:08:43,480 --> 00:08:45,720 start selling this. But then on the other side, they 158 00:08:45,720 --> 00:08:47,560 said no, but it's not going to be Solana. 159 00:08:48,160 --> 00:08:53,160 So they said basically they don't see a Solana ETF coming in 160 00:08:53,200 --> 00:08:57,440 in this year or, or, or even that that closely. 161 00:08:58,080 --> 00:08:59,840 So I thought that was an interesting idea. 162 00:09:00,960 --> 00:09:03,040 I, I think they've said this before, though. 163 00:09:03,200 --> 00:09:05,160 I think if some of the other ETF providers have said this, you 164 00:09:05,600 --> 00:09:07,160 remember we have to put this into context. 165 00:09:07,160 --> 00:09:11,040 Solana is 3% of the market, 3.6% of the market. 166 00:09:13,760 --> 00:09:17,600 The if they just got the ETF's over the line and we're already 167 00:09:17,600 --> 00:09:22,520 seeing kind of mixed responses on the back of that, then FOMO 168 00:09:22,520 --> 00:09:26,280 into a 3% asset seems maybe a bit much. 169 00:09:26,280 --> 00:09:28,440 I think they'll probably wait and see how ETH goes. 170 00:09:29,000 --> 00:09:32,160 No one's no one's like desperate to bring out a Solana ETFI. 171 00:09:32,160 --> 00:09:34,400 Think maybe one of the more of the fringe people. 172 00:09:34,400 --> 00:09:36,640 It's probably why they didn't follow. 173 00:09:38,560 --> 00:09:41,760 Who was it FANAC or 21 shares that did the Solana ETF? 174 00:09:41,760 --> 00:09:46,200 You Vanek maybe broke it, yeah. Yeah, like they aren't BlackRock 175 00:09:46,240 --> 00:09:48,320 and they maybe because backwards just didn't see the point. 176 00:09:48,720 --> 00:09:51,360 You know, it's like we don't need to go after 3% of this 177 00:09:51,360 --> 00:09:54,440 market right now. We're just focusing on on Ethan 178 00:09:54,440 --> 00:09:56,640 and Bitcoin. So I think part of it's that 179 00:09:56,640 --> 00:09:58,440 like the incentives just aren't there. 180 00:09:59,080 --> 00:10:02,080 I don't know if it's and obviously the regulatory clarity 181 00:10:02,520 --> 00:10:05,400 isn't there either. I think it's maybe slightly 182 00:10:05,400 --> 00:10:08,000 improving, but it's definitely not there for Solana yet. 183 00:10:08,120 --> 00:10:10,040 It's not like, oh, this is definitely a commodity. 184 00:10:10,440 --> 00:10:12,440 The SEC has definitely not come out and said anything like that. 185 00:10:12,440 --> 00:10:15,560 So I think, you know, we're maybe just not there yet. 186 00:10:15,560 --> 00:10:21,440 I do think Solana ETF probably happens with a new with a like 187 00:10:21,440 --> 00:10:25,800 if Trump gets in potentially I maybe if the Democrats really 188 00:10:25,800 --> 00:10:29,480 changed their tune. So interestingly, there was some 189 00:10:29,480 --> 00:10:32,720 talk about the fact that one of the the current VP picks is 190 00:10:32,720 --> 00:10:36,840 pretty anti crypto potentially. So I don't, I don't know. 191 00:10:36,920 --> 00:10:39,280 I don't really know what the, the policy of the Democrats will 192 00:10:39,280 --> 00:10:40,960 be going forward. It does feel like Kamala wants 193 00:10:40,960 --> 00:10:44,520 to court them a little bit more, but I will it be enough to get a 194 00:10:44,520 --> 00:10:50,000 salon ETF and kind of widespread crypto regulation may be a bit 195 00:10:50,000 --> 00:10:52,880 too far. Yeah, I, I, I saw that, that 196 00:10:52,880 --> 00:10:56,000 there was some Dems who really want Kamala to go to a crypto 197 00:10:56,000 --> 00:10:58,240 conference and they're actually looking at the, the upcoming 198 00:10:58,240 --> 00:11:02,160 blockwork 1 blockworks one as one to speak. 199 00:11:02,160 --> 00:11:05,880 So that'll be interesting. Of course, like if the US sells 200 00:11:05,880 --> 00:11:08,440 any of this Bitcoin, I think it's going to be hard to, it's 201 00:11:08,440 --> 00:11:11,400 going to be a blow to the, the Democrat crypto 'cause I think 202 00:11:11,400 --> 00:11:14,800 that much is just pretty obvious at this point. 203 00:11:14,800 --> 00:11:18,960 I think we saw the backlash on the timeline yesterday just just 204 00:11:18,960 --> 00:11:22,720 from them moving it and just how, you know, hyper partisan 205 00:11:22,720 --> 00:11:27,000 and political that this is all the calm, you know, without 206 00:11:27,000 --> 00:11:29,920 diving, you know, into that. I don't think we need to. 207 00:11:30,240 --> 00:11:34,240 Another piece of news from yesterday that jumped out to me 208 00:11:34,240 --> 00:11:39,480 was the the Solana fee action. So it's a bread guy reported on 209 00:11:39,480 --> 00:11:41,280 this. Let me see if I can pull up his 210 00:11:41,280 --> 00:11:47,040 tweet here one second, but basically he's calling it the 211 00:11:47,040 --> 00:11:51,720 Triple Crown that Solana locked in that the Triple Crown for 24 212 00:11:51,720 --> 00:11:57,360 hour fees flipped E. So they won it on by on the 213 00:11:57,360 --> 00:11:59,480 chain level. They won it on the decks level 214 00:11:59,840 --> 00:12:01,600 and then also like a distinctive level. 215 00:12:01,600 --> 00:12:05,560 So Solana flipped Ethan fees. We saw Gito flipped Lido and 216 00:12:05,560 --> 00:12:09,520 then Radium flipped Uniswap. And then this also came on the 217 00:12:09,520 --> 00:12:15,000 same day that pumped up font LED all protocols in revenue that 218 00:12:15,000 --> 00:12:18,360 they brought in 816,000 on the day. 219 00:12:18,360 --> 00:12:20,240 I was taking a look at their numbers. 220 00:12:20,880 --> 00:12:24,280 And if you look at the, the chart on D5 Llama at least, I 221 00:12:24,320 --> 00:12:27,440 mean, they're basically averaging $1,000,000 in revenue 222 00:12:27,440 --> 00:12:30,480 per day. They're annualized at 315 223 00:12:30,480 --> 00:12:36,280 million in revenue on a yearly basis right now, which makes 224 00:12:36,280 --> 00:12:39,280 them, I mean, they're, they're a billion dollar protocol at this 225 00:12:39,280 --> 00:12:41,280 point, right? Like just putting any type of 226 00:12:41,280 --> 00:12:44,200 valuation math multiple on top of that. 227 00:12:45,480 --> 00:12:48,200 So are are they the, are they they the clear winner in any 228 00:12:48,200 --> 00:12:50,080 reaction to you? And we, we talked about this and 229 00:12:50,080 --> 00:12:53,960 you, you've said, man, now that, that Solana is does seem 230 00:12:53,960 --> 00:12:57,240 undervalued compared to ETA, you know, 20% the market cap. 231 00:12:57,960 --> 00:13:00,320 But we just, it just keeps getting slammed in front of us 232 00:13:00,560 --> 00:13:03,440 in our face on, on a daily basis right now. 233 00:13:03,960 --> 00:13:06,280 Yeah. I think that the main arguments 234 00:13:06,280 --> 00:13:11,200 against that were that the total economic value including all the 235 00:13:11,200 --> 00:13:16,080 L twos of Solana of ETH were still comfortably above Solana 236 00:13:16,440 --> 00:13:19,360 and that you were starting to and obviously the TVR was much 237 00:13:19,360 --> 00:13:21,320 higher. What you started to see actually 238 00:13:21,320 --> 00:13:27,480 is Solana flip ETH on the L1 and combined with all the L twos. 239 00:13:27,880 --> 00:13:29,840 And I think that's something to really start paying attention to 240 00:13:31,320 --> 00:13:33,800 now. I think the main, the main thing 241 00:13:33,800 --> 00:13:39,320 to note here, like objectively is that for me, Solana, the 242 00:13:39,560 --> 00:13:43,880 tokenomics and inflation are always a factor. 243 00:13:44,520 --> 00:13:48,320 It's, it's less like gold than Bitcoin for sure, and less like 244 00:13:48,320 --> 00:13:50,720 gold than ETH. You know, like the ETH is 245 00:13:50,720 --> 00:13:53,600 inflationary at around 1 to 2% at the moment. 246 00:13:53,960 --> 00:13:57,200 Solana is inflationary, I think close to 6 to 7%. 247 00:13:57,720 --> 00:14:01,880 Now that's going to come down with time, but there is still 248 00:14:01,880 --> 00:14:04,120 quite a lot of inflation at Solana. 249 00:14:04,120 --> 00:14:05,720 So it's something to be aware of. 250 00:14:05,720 --> 00:14:08,920 And also we obviously just went through FDX selling all these 251 00:14:08,920 --> 00:14:12,520 claims to BCS. There will be some supply that 252 00:14:12,520 --> 00:14:15,160 comes on the back of that too. Like the fully diluted market 253 00:14:15,160 --> 00:14:20,600 cap of of Solana is about 20 to 25% higher than its current 254 00:14:20,600 --> 00:14:23,800 market cap. And with ETH, it's all fully 255 00:14:23,800 --> 00:14:26,240 diluted at this stage, even though the Ethereum Foundation 256 00:14:26,600 --> 00:14:30,160 regularly dumps. But it's, those are the two 257 00:14:30,160 --> 00:14:31,640 things I think to to be aware of. 258 00:14:32,640 --> 00:14:36,400 I think Solana dominance, which is at 3.6%, I think it can go to 259 00:14:36,400 --> 00:14:38,880 5 to 6%. I'm not saying it can go to 10 260 00:14:39,880 --> 00:14:44,320 or, or flip ether cycle, but I think pretty comfortably could 261 00:14:44,320 --> 00:14:47,160 go higher. I think, I don't know what Ether 262 00:14:47,160 --> 00:14:49,480 dominance is right now, probably probably around 16%. 263 00:14:49,480 --> 00:14:54,720 But could I see a world where Solana goes up to to six, let's 264 00:14:54,720 --> 00:15:01,680 say from 5:00 to 6:00 and ETH comes down to 12 to 13 to 13 to 265 00:15:01,680 --> 00:15:04,120 14, something like that? Yeah, I think that's pretty 266 00:15:04,120 --> 00:15:06,280 comfortable. And that doesn't make me mean 267 00:15:06,280 --> 00:15:08,760 I'm like overly bearish. I'm talking about dominance 268 00:15:08,760 --> 00:15:10,320 here. I just think that the fastest 269 00:15:10,320 --> 00:15:13,320 horse right now is in. I still think ETH can go a lot 270 00:15:13,560 --> 00:15:16,360 can go higher. I think it has a good narrative 271 00:15:16,360 --> 00:15:19,240 around the ETF and also some of the institutional adoption. 272 00:15:19,240 --> 00:15:23,160 But yeah, my, my, my view is just that it's a very strong 273 00:15:23,160 --> 00:15:26,200 horses cycle, but it's not, I don't think it's ready to flip 274 00:15:26,200 --> 00:15:27,640 the heath, let's put it that way. 275 00:15:28,440 --> 00:15:30,160 Yeah, I think that's a fair take it. 276 00:15:30,160 --> 00:15:34,120 It may need to get to 5% dominance to, to really get the 277 00:15:34,120 --> 00:15:37,680 ETF approval pushed through or to, to get enough demand for 278 00:15:37,680 --> 00:15:39,560 some of these players to to want to launch it. 279 00:15:39,760 --> 00:15:42,240 And I mean, I think we're seeing it like there's demand for the 280 00:15:42,240 --> 00:15:45,240 ETF. It's not like huge by by any 281 00:15:45,240 --> 00:15:47,800 means. So I think they're going to want 282 00:15:47,800 --> 00:15:50,800 to see that play out a little bit as well before we really 283 00:15:50,800 --> 00:15:54,120 just start rallying around the this this Seoul ETF narrative, 284 00:15:55,280 --> 00:15:57,480 though perhaps a little bit more likely. 285 00:15:57,480 --> 00:16:00,320 We didn't the SEC news from yesterday, not huge that they're 286 00:16:00,320 --> 00:16:04,080 not dropping their case. They're not dropping the fact 287 00:16:04,080 --> 00:16:07,520 that Seoul and ADA and MATIC are securities, but they're they're 288 00:16:07,520 --> 00:16:10,200 effectively tabling it. They're saying it does not need 289 00:16:10,200 --> 00:16:14,080 to be ruled on as a part of their case against finance right 290 00:16:14,080 --> 00:16:16,040 now. So a little bit of a kick in the 291 00:16:16,040 --> 00:16:20,520 can down the the road. So not not a full celebration. 292 00:16:20,520 --> 00:16:26,320 Still some positive news. I think the the other stories. 293 00:16:26,320 --> 00:16:28,440 I think maybe if we want to get into memes and then it Tees a 294 00:16:28,440 --> 00:16:30,960 little bit here. Mandel, if that works for you, 295 00:16:30,960 --> 00:16:32,320 for sure, let's. Do it. 296 00:16:33,800 --> 00:16:38,520 We found that the the winner in the the The Great Nero race and 297 00:16:39,000 --> 00:16:42,160 it looks to have been a surprise horse like I I would not have 298 00:16:42,160 --> 00:16:47,960 had this on my bingo card, but it looks like it was the ETH doc 299 00:16:48,680 --> 00:16:50,840 pun intended. Who's going to be winning the 300 00:16:50,840 --> 00:16:56,120 the the Nero race? It is now trying to get the the 301 00:16:56,120 --> 00:16:57,840 charts shared for those in the in the YouTube. 302 00:16:58,720 --> 00:17:03,280 It's at 66 million market cap. It's up 360% on the day. 303 00:17:03,280 --> 00:17:08,319 Like arguably one of the the best looking meme charts out 304 00:17:08,319 --> 00:17:10,040 there. Tough personal story. 305 00:17:10,040 --> 00:17:14,119 Had a buddy share this, yeah, this one specifically with me at 306 00:17:14,119 --> 00:17:19,640 5 million on Sunday as just like, Nah, this Nero, this Nero 307 00:17:19,640 --> 00:17:22,319 situation is way too messy. I'm just going to, you know, 308 00:17:22,520 --> 00:17:25,680 stay away. And I got beaten up a little bit 309 00:17:25,680 --> 00:17:31,240 last week chasing some stuff and it's up 13 X from there. 310 00:17:31,240 --> 00:17:34,080 And if you want, if you take a look at the, the Solano leader, 311 00:17:34,080 --> 00:17:36,680 certainly the Solano ones are still catching a ton of action, 312 00:17:37,600 --> 00:17:39,040 but the, the numbers look much worse. 313 00:17:39,040 --> 00:17:42,120 So we, we've got one of them. We saw, I still saw over 100 314 00:17:42,120 --> 00:17:45,160 million between the top two dogs, the top two Nero coins 315 00:17:45,160 --> 00:17:48,440 yesterday. So one's at 45,000,001's at at 316 00:17:48,440 --> 00:17:51,640 six million, you know, both down about 30 and 50%. 317 00:17:51,640 --> 00:17:56,160 So it seems like those two are, are going the wrong way, perhaps 318 00:17:56,160 --> 00:17:59,320 cannibalizing themselves a little bit while the, the ETH 319 00:17:59,320 --> 00:18:02,360 one is looking to run. I was chatting with tabs a 320 00:18:02,360 --> 00:18:05,080 little bit ahead of the show and we're we're wondering is, is it 321 00:18:05,080 --> 00:18:09,320 because like the the ETH meme landscape is just like it feels 322 00:18:09,320 --> 00:18:15,680 so wide open right now, like you've got Pepe mog and after 323 00:18:15,680 --> 00:18:20,440 that, like it's it's so light, like there's turbo up there, but 324 00:18:20,440 --> 00:18:21,640 you don't really hear a lot about that. 325 00:18:21,640 --> 00:18:23,200 Pepe coin is kind of its own thing. 326 00:18:23,680 --> 00:18:26,480 Trump, even despite, you know, all the pro crypto stuff that 327 00:18:26,480 --> 00:18:28,880 that token is down only it's it's at 2:30. 328 00:18:28,880 --> 00:18:31,800 You've got a mix of AI coins. We might have to start chatting 329 00:18:31,800 --> 00:18:34,040 about this AI basket, which is starting to catch a little bit 330 00:18:34,040 --> 00:18:38,120 of life, but but broadly there's just nothing else top and 1/2. 331 00:18:38,320 --> 00:18:40,920 Yeah, I think, I think it's a really good, really good point. 332 00:18:41,760 --> 00:18:44,120 Me and Ivy were talking about it even last week, just that 333 00:18:44,120 --> 00:18:47,840 they're just ETH holders. They're also Austin, these have 334 00:18:47,840 --> 00:18:54,560 much lower holders per per coin and they're often like later 335 00:18:54,560 --> 00:18:56,600 stage. So like Morgan Pepe just feel 336 00:18:56,600 --> 00:19:00,280 like far more developed in terms of culture and there's less, 337 00:19:01,080 --> 00:19:07,040 there's less temptation, I think each day to just move into 338 00:19:07,040 --> 00:19:09,520 another coin. I think that's a really, really 339 00:19:09,520 --> 00:19:11,320 important thing. There's something to be said 340 00:19:11,320 --> 00:19:15,120 about Solana is that to even be high-priced on on. 341 00:19:15,120 --> 00:19:18,880 So like if you're a holder there of a Solana meme coin who's got, 342 00:19:19,200 --> 00:19:21,760 you know, let's say a crazy bag, let's say like over $1,000,000 343 00:19:21,760 --> 00:19:24,840 of any of these coins. It is so tempting on a daily 344 00:19:24,840 --> 00:19:27,280 basis when you're sitting there in front of a casino screen, 345 00:19:27,280 --> 00:19:31,280 essentially not to just be like, Hey, I'm going to go buy the new 346 00:19:31,280 --> 00:19:34,080 casino coin. You know, like it's just, it is 347 00:19:34,080 --> 00:19:37,200 so unbelievably tempting. And I think that's, it's, it's 348 00:19:37,240 --> 00:19:39,720 very, very tough to, I mean, I even know it with Epic, like 349 00:19:39,720 --> 00:19:42,640 it's really tough to maintain attention in this space. 350 00:19:43,760 --> 00:19:46,680 You kind of rest in the end of building a cult over a / a 351 00:19:46,680 --> 00:19:48,560 medium to long time. And I think that's something 352 00:19:48,560 --> 00:19:53,920 that hopefully I think we, we managed about Epic, but is also, 353 00:19:54,160 --> 00:19:57,200 you know, as a coin goes towards 100 million, that's just another 354 00:19:57,200 --> 00:19:59,600 coin each week that you feel that you should rotate into. 355 00:20:00,600 --> 00:20:04,240 Even more so than like NFTS in their heyday, like the ease that 356 00:20:04,240 --> 00:20:07,520 you can just get out of your your huge bag and move into 357 00:20:07,520 --> 00:20:10,280 something else. Just, it's just a continual 358 00:20:10,280 --> 00:20:12,960 casino. Now that guy Murad has been 359 00:20:12,960 --> 00:20:16,320 coming out and saying, you know, own cults for a longer period, 360 00:20:16,320 --> 00:20:19,040 have a longer term horizon. I think there's been a bit of a 361 00:20:19,040 --> 00:20:23,720 push towards that. But then, you know, I still 362 00:20:23,720 --> 00:20:26,040 think there's a massive, massive community of people that are 363 00:20:26,040 --> 00:20:28,280 just here every single day trying to move to the new point. 364 00:20:28,280 --> 00:20:33,480 So, yeah, we had all the, all the, the different Nero coins. 365 00:20:33,600 --> 00:20:36,720 It doesn't surprise me that that Eve maybe sees a better one. 366 00:20:36,720 --> 00:20:39,000 I, I think no one really wins in that Nero game. 367 00:20:39,000 --> 00:20:43,000 My, my one's opinion is that they probably all don't do as 368 00:20:43,000 --> 00:20:45,440 well. But there's something to be said 369 00:20:45,440 --> 00:20:49,360 there independently that that Solano memes are, are incredibly 370 00:20:49,360 --> 00:20:53,360 tough to to keep going. You've got I I think you do have 371 00:20:53,360 --> 00:20:55,520 to bet on Colts over a medium term. 372 00:20:56,600 --> 00:21:03,200 A bit more here, but it's still still have hairy, hairy moves. 373 00:21:03,480 --> 00:21:05,760 I think it's one of these. I would agree. 374 00:21:05,760 --> 00:21:09,960 I think it's just hard to define like cults and and still pick 375 00:21:09,960 --> 00:21:13,200 the right ones. And like, can you form a cult on 376 00:21:13,200 --> 00:21:16,520 a weekly basis? And are are there enough 377 00:21:16,520 --> 00:21:20,520 separate cohorts in this launch wrenches to actually form like 378 00:21:20,680 --> 00:21:22,520 15 different cults? Because it feels like we're 379 00:21:22,520 --> 00:21:25,520 getting to the levels. Like I mean Murad alone has got 380 00:21:25,520 --> 00:21:30,000 like 7 or something cults on his list and then if you add any 381 00:21:30,040 --> 00:21:32,320 more to that, so now we're talking about 15 different 382 00:21:32,320 --> 00:21:34,160 cults. It doesn't necessarily feel like 383 00:21:35,200 --> 00:21:36,920 we've got that many different groups. 384 00:21:37,480 --> 00:21:40,840 Well, I think this SCF thing is kind of like try to speedrun it 385 00:21:40,840 --> 00:21:43,400 with this kind of religious concept around it, right? 386 00:21:43,400 --> 00:21:46,160 Like we've got like actually got a church going. 387 00:21:48,320 --> 00:21:51,600 But I think there's something to be said about, you know, Giga 388 00:21:51,600 --> 00:21:54,680 didn't move until Giga was I think it was formed in January. 389 00:21:55,440 --> 00:21:58,760 I think like Punky similar was was old, like coins which are 390 00:21:58,800 --> 00:22:03,600 older potentially and not just like this week's coin, but are 391 00:22:03,600 --> 00:22:08,200 still lower priced, I think are the ones that he kind of moved 392 00:22:08,200 --> 00:22:10,680 into. If you go down his list, a lot 393 00:22:10,680 --> 00:22:16,640 of them were kind of five months old rather than rather than like 394 00:22:17,160 --> 00:22:20,520 this month. So the idea that you're forming 395 00:22:20,520 --> 00:22:23,360 a cult, I agree in a week, I think is quite tough. 396 00:22:24,400 --> 00:22:26,840 How many coins really run to 100 million these days? 397 00:22:28,320 --> 00:22:32,280 Something to something to note. Like you sometimes see it, but 398 00:22:32,280 --> 00:22:36,680 the generally when they go above 100 million and then you that 399 00:22:36,680 --> 00:22:38,560 doesn't really happen. The ones that go above 100 400 00:22:38,560 --> 00:22:42,520 million are generally been older memes that have suddenly caught 401 00:22:43,080 --> 00:22:46,120 a bit. So even even on this SCF thing, 402 00:22:46,120 --> 00:22:48,760 which I think has been a bit more unique than others like 403 00:22:49,920 --> 00:22:53,240 this should be one of the few that's kind of space speed run 404 00:22:53,240 --> 00:22:57,240 to 100 and like cat there normally it takes a long time. 405 00:22:58,040 --> 00:23:02,440 Yeah, I mapped out all the memes over 100 million on Solana just 406 00:23:02,440 --> 00:23:03,920 like a week, week and a half ago. 407 00:23:03,920 --> 00:23:06,400 I think there's like there's like 12 to 15. 408 00:23:06,400 --> 00:23:09,080 So like it's it's a big deal to get to that threshold. 409 00:23:09,080 --> 00:23:13,160 It's not easy to do it. SCF has basically gotten there. 410 00:23:13,160 --> 00:23:15,440 I mean, it looks like they they basically wicked above it 411 00:23:15,440 --> 00:23:19,080 already here in their first week, 1st 10 days. 412 00:23:19,800 --> 00:23:22,720 I think that the concern is like, is it that it happened too 413 00:23:22,720 --> 00:23:24,200 fast? And then all the folks who are 414 00:23:24,200 --> 00:23:27,360 looking at their screen now have massive gains And clearly they 415 00:23:27,360 --> 00:23:31,880 do because you know, you could have been buying this AT100X 416 00:23:32,160 --> 00:23:37,400 lower just just a week ago. So it makes these it makes these 417 00:23:37,400 --> 00:23:40,280 fast runners harder to enter, at least for me. 418 00:23:40,280 --> 00:23:45,000 I think my other like somewhat concern is like every time we 419 00:23:45,000 --> 00:23:48,760 see, you know, a new token like this, run it, it feels more and 420 00:23:48,760 --> 00:23:51,680 more like it's dampening the other tokens. 421 00:23:51,720 --> 00:23:55,240 So like if we looked back at the next board, like everything else 422 00:23:55,240 --> 00:23:58,560 is red, like just about everything. 423 00:23:58,560 --> 00:24:01,920 So like we, we're in the Nero aftermath where Nero sucked the 424 00:24:01,920 --> 00:24:05,120 tone of liquidity and all the the previous leaders all fell 10 425 00:24:05,120 --> 00:24:07,240 to 15%. Now they're all down 5 to 10% 426 00:24:07,240 --> 00:24:11,640 more and it's just like, it makes me wonder like are are we 427 00:24:11,640 --> 00:24:14,720 on like the, the, the part of the cycle where the roller 428 00:24:14,720 --> 00:24:17,840 coaster loops are are smaller and smaller all the way down. 429 00:24:18,200 --> 00:24:20,680 I don't want to believe that, but some of this action is like 430 00:24:20,880 --> 00:24:24,520 it's kind of pointed that way. I think it's a really good point 431 00:24:25,520 --> 00:24:26,720 and I think it's something to be aware of. 432 00:24:26,720 --> 00:24:30,680 Like Pun dot Fun making $1,000,000 of revenue, you know, 433 00:24:30,680 --> 00:24:32,840 that's like Open C making $1,000,000 of revenue. 434 00:24:33,160 --> 00:24:36,120 You know, there'll be questions afterwards being like, wow, God, 435 00:24:36,120 --> 00:24:38,240 that sucks so much liquidity out of the system. 436 00:24:38,880 --> 00:24:40,840 You know, $1,000,000 of revenue a day. 437 00:24:40,840 --> 00:24:44,000 That's I don't think they're pumping it back into meme coins. 438 00:24:44,520 --> 00:24:48,600 And I think the other thing is with someone like me, Nero, when 439 00:24:48,600 --> 00:24:52,440 you see these huge volume, huge volume memes that actually don't 440 00:24:52,440 --> 00:24:57,920 really do that much or like they don't maintain a high value, 441 00:24:58,280 --> 00:25:00,800 what you've really seen there is like a bunch of people lose 442 00:25:00,800 --> 00:25:04,880 money to MEV bots. So I think actually over the 443 00:25:04,880 --> 00:25:07,720 last few days, we've seen a massive destruction of of like 444 00:25:07,720 --> 00:25:11,480 value across MEV bots and also pumped off fun obviously, just 445 00:25:11,480 --> 00:25:12,680 like continually making its money. 446 00:25:12,680 --> 00:25:15,600 But Nero, I think it's been really, really bad for the 447 00:25:15,600 --> 00:25:17,520 salon. I mean, coin space probably in 448 00:25:17,520 --> 00:25:20,640 general because there's a lot of net losses there. 449 00:25:21,000 --> 00:25:23,200 A lot of these volume figures are massively in place at the 450 00:25:23,200 --> 00:25:26,000 moment because of yeah, there's so much MEV to be made. 451 00:25:27,160 --> 00:25:32,080 Yeah, it's the the the MEV winners, it's dev winners. 452 00:25:32,360 --> 00:25:35,200 They got the folks launching these coins and selling early 453 00:25:35,240 --> 00:25:39,360 pump fun and it's a lot. So now we, we need, you need the 454 00:25:39,360 --> 00:25:42,520 leaders to, to really level up to, to create the wealth effect 455 00:25:42,520 --> 00:25:45,880 to support this again. And, and we'll, we'll see if 456 00:25:45,880 --> 00:25:50,000 that could happen. Well, yeah, I think obviously, 457 00:25:50,480 --> 00:25:55,240 you know, bitcoins still doing OK and you know, in terms of the 458 00:25:55,240 --> 00:25:59,080 global crypto market cap, we're we're still doing OK. 459 00:25:59,520 --> 00:26:02,600 I still think that people, you know, people find money to spend 460 00:26:02,720 --> 00:26:05,920 at casinos. There's like a hundreds of 461 00:26:05,920 --> 00:26:09,360 billions, if not over a trillion dollars being spent at casinos 462 00:26:09,360 --> 00:26:12,080 each each year. I still think that people come 463 00:26:12,080 --> 00:26:16,560 in here to to gamble. So I'm not necessarily like 464 00:26:16,560 --> 00:26:19,000 super bearish on that money, like completely leaving. 465 00:26:19,000 --> 00:26:21,400 I think there will always be new funds that come in and play 466 00:26:22,200 --> 00:26:24,440 these people that used to start on the weekend when the whole 467 00:26:24,440 --> 00:26:26,320 Nero thing broke. The people paying attention to 468 00:26:26,320 --> 00:26:29,920 this are not really even paying attention to Bitcoin. 469 00:26:30,160 --> 00:26:32,920 They're just coming in here to like spend some money and and 470 00:26:33,320 --> 00:26:35,840 roll the dice at the casino. So I think there will always be 471 00:26:35,840 --> 00:26:37,920 new funds that come in to actually play with these with 472 00:26:37,920 --> 00:26:45,520 these tools. Oh, I think you may be frozen, 473 00:26:45,520 --> 00:26:59,000 dude, just me. 474 00:27:14,130 --> 00:27:17,410 Don't worry, we can keep going. Let's keep that. 475 00:27:19,520 --> 00:27:21,880 He's talking. I can hear him on my phone. 476 00:27:22,600 --> 00:27:26,000 So he's just he's just going on the space by himself. 477 00:27:26,760 --> 00:27:30,240 And I think I'm by my by myself on the YouTube. 478 00:27:30,240 --> 00:27:33,000 So we're existing in two universes at the moment. 479 00:27:34,080 --> 00:27:34,680 Oh yeah. Oh. 480 00:27:35,760 --> 00:27:39,120 Yeah, sorry about that guys. I kept the the space going so 481 00:27:39,120 --> 00:27:41,440 hopefully folks in the space were were able to to hear me 482 00:27:41,440 --> 00:27:45,280 rambling about the flog token. UP23X Mando. 483 00:27:45,280 --> 00:27:47,160 Sorry I I missed your last comments there. 484 00:27:47,960 --> 00:27:50,120 No, don't worry. Yeah. 485 00:27:52,000 --> 00:27:53,560 I think we we kind of went through the the meme 486 00:27:53,560 --> 00:27:55,520 conversation. I, I briefly touched on flog on 487 00:27:55,520 --> 00:27:57,280 the space. It was just the other like wild 488 00:27:57,280 --> 00:28:00,600 runner on the day. I think what was lastly of note 489 00:28:00,600 --> 00:28:03,160 to me was just a couple of NMT topics before we round things 490 00:28:03,160 --> 00:28:05,160 out. So we had Julian Hogan on the 491 00:28:05,160 --> 00:28:08,240 show yesterday. It is hard to listen to him and 492 00:28:08,240 --> 00:28:11,040 not get fired up about what doodles are are building. 493 00:28:11,040 --> 00:28:13,600 And we saw some nice action in the market yesterday. 494 00:28:13,640 --> 00:28:18,520 So those doodles NFTS up 15% one of the top movers, but hey, 495 00:28:18,520 --> 00:28:21,520 another top mover on the day close to home. 496 00:28:21,720 --> 00:28:28,640 Those rec guys up 30 on the day after we saw a strategic 497 00:28:28,640 --> 00:28:34,240 partnership with HLV known for their assistance with teams in, 498 00:28:34,240 --> 00:28:37,720 in launching fungible tokens. So we, there's probably not a 499 00:28:37,720 --> 00:28:42,080 whole lot we can we, we can say, but some some big news 500 00:28:42,120 --> 00:28:43,320 yesterday. I'm not sure if there's any 501 00:28:43,320 --> 00:28:47,560 other any other context or info. No, not really. 502 00:28:48,800 --> 00:28:52,440 I think it's you know, we, we obviously did the equity gifts 503 00:28:52,440 --> 00:28:55,760 to everyone. So it sets us up correctly there 504 00:28:55,760 --> 00:28:58,960 and obviously it's wrecked brands. 505 00:28:58,960 --> 00:29:02,200 So there's going to be a few different products starting with 506 00:29:02,200 --> 00:29:06,920 a drink that we, we're going to launch and yeah, they'll, we'll 507 00:29:06,920 --> 00:29:09,800 see which other things can be used to help bond that 508 00:29:09,800 --> 00:29:14,240 interaction. Exciting times and it's going to 509 00:29:14,240 --> 00:29:17,720 make tomorrow's roll bit spins a bit more exciting as well. 510 00:29:17,720 --> 00:29:19,200 The stakes are are going to be raised. 511 00:29:19,200 --> 00:29:20,400 Yeah, they're suddenly higher now. 512 00:29:22,920 --> 00:29:25,880 So we're going to be looking forward to that folks. 513 00:29:25,880 --> 00:29:29,200 We've we've got 2, two of the next three shows are going to be 514 00:29:29,200 --> 00:29:32,120 featuring Robot Spin. So we'll have those on tomorrow. 515 00:29:32,120 --> 00:29:35,200 We'll have those on Friday as well. 516 00:29:35,760 --> 00:29:38,080 Those are most of my topics. Just quickly in the prediction 517 00:29:38,080 --> 00:29:41,040 market streets. I think the thing to watch Nate 518 00:29:41,040 --> 00:29:43,920 Silver now the advisor for Polymarket, he is releasing his 519 00:29:43,920 --> 00:29:50,040 first post Kamala candidate election model later today. 520 00:29:50,880 --> 00:29:55,360 So I do think that when he releases that model, it will 521 00:29:55,360 --> 00:29:58,200 likely impact the primary election market. 522 00:29:58,840 --> 00:30:02,880 So that's going to be one to watch here later later today. 523 00:30:03,680 --> 00:30:06,120 So so check that out. I just actually subscribed to 524 00:30:06,120 --> 00:30:09,880 his sub stack in the past week. I think he might get early 525 00:30:09,880 --> 00:30:11,520 access to those. So I think they. 526 00:30:11,800 --> 00:30:15,080 Integrated. They've integrated it with sub 527 00:30:15,080 --> 00:30:16,440 stack now. I saw that today. 528 00:30:17,240 --> 00:30:19,800 Yeah, that's big news. So you can drop that the actual 529 00:30:19,800 --> 00:30:23,000 bets directly into the the newsletter. 530 00:30:23,000 --> 00:30:26,080 So curious if if he'll be he'll be doing that. 531 00:30:26,880 --> 00:30:31,240 Of of note, the Poly market primary election market is off. 532 00:30:31,480 --> 00:30:34,400 Off is the wrong word. It is trading differently the 533 00:30:34,440 --> 00:30:35,880 other markets. So it was still at like Trump 534 00:30:35,880 --> 00:30:40,800 60% to comma 38% this morning. The predicted market's at like 535 00:30:40,800 --> 00:30:43,680 5450. I think another one is closer. 536 00:30:44,960 --> 00:30:48,120 I think Tom was up over 40. So it's going to be interesting 537 00:30:48,120 --> 00:30:51,760 to see if that one does shift after this model. 538 00:30:51,760 --> 00:30:56,400 So, so perhaps we'll be chatting about that on tomorrow's show. 539 00:30:57,840 --> 00:31:00,680 But anyway, I think we went around the horn and covered most 540 00:31:00,680 --> 00:31:03,480 of the items on my list. Was there anything else on your 541 00:31:03,480 --> 00:31:06,400 side here for this morning? No, I think we're in a good 542 00:31:06,400 --> 00:31:08,680 spot, dude. Yeah, awesome. 543 00:31:08,680 --> 00:31:10,680 Well, thanks for joining us, folks who joined the shows and 544 00:31:10,680 --> 00:31:12,040 the streams. Thank you for joining us. 545 00:31:12,360 --> 00:31:17,200 Have a fantastic Tuesday. We will see you all tomorrow. 546 00:31:17,560 --> 00:31:18,360 Tabs take it away.