Yo-yo, what up? What up?
Good morning. Good morning.
GMG, Wednesday, March 6th, 2024. Four, Four.
Look at that. Another beautiful day to have a
beautiful day. I got my clothes in the house.
OSF, how you doing? Maybe.
Yeah, I'm good. I'm good.
Interesting times. Did you survive yesterday?
I don't have any leverage. So I haven't had any leverage
since since December or November after.
I just like lot. Like the thing about leverage
for me is like I had levered longs and I had them in like
November right before, obviously right before the market ripped
and I got liquidated right before massive rips.
And I was just like, this is just stupid.
Like I'm like, I'm not good at trading on leverage.
I have the right view and I'm just losing money in it.
So I just stopped taking leverage basically.
Wow, that's a that's a good call.
That's a good call. That's a good call.
That's a wise call that I wish I'd listened to, but I did not.
But we're good. I did survive as well.
I did survive as well because similar to you, I only had like
one position on and it wasn't even wiped.
Wiped so but but but but but but mistakes were made mistakes were
made but we're still back it seems after yesterday so today
on the show today today what do we got here.
Daily market report as usual you know let's talk about
yesterday's we'll we'll talk a little more about yesterday's
pretty insane Wick notably 40% that Wick console pretty sure
that was the worst waked down since FTX in 2022 if I'm not
mistaken with a billion dollars of liquidated long so but the
market seems to have immediately somewhat recovered.
With Bitcoin back above $66,000. ETH is just on a tear.
And so, Lana, I mean, if the FTX estate would stop selling, maybe
I would be doing better, personally speaking.
But it's OK. But it's OK.
We'll talk about this stuff in a moment.
Memes. Huge bounce back on the memes.
I mean, study that right. Huge huge huge huge bounce back
with whiff the hat is definitely on.
Obi the hat is definitely on with Whiff flipping bonk sheep
flipping those. I mean, all the meme bounced.
All the meme bounced though. We'll we'll be talking about
this. We'll be talking NFTS, We'll be
talking NFTS and some overall news.
And last but not least, we will be joined by the new Here cast.
And of course Dan Sickles, who I already see in the studio, will
be joining us to talk about what you're up to.
I'm a huge fan of new Here. Personally speaking.
May be part of the movie, may be part of the movie, but that's
not what we're here to talk about today because we're going
to be revealing the cast live on air a little later today and I'm
pretty sure the cast will be joining us for their short
clips. Which is super fucking cool.
And again, a project that is powered by Arbitrim.
So Arbitrim, Gang, Gang, Fam, fam and all that good stuff.
But anyways. Anyways, Anyways, without
further ado, let's get right into it.
Daily Market Report brought to you by Rogue Radio.
Yeah, hey guys. So macro nothing to really add
like we we're up a little bit in equities.
I was one thing I would say is interest rates are rallying
quite a lot, we're we're now down to 4.11% on 10 year that's
something like a 20 basis point move in the last few days and
that's ahead of payrolls on Friday.
So I don't know if that's because positioning in the
interest rate market was short and people taking off those
trades ahead of payrolls or people getting bulled up into
payrolls. I don't think it's the latter
given the the recent payrolls numbers we've had.
But that's something just to bear in mind.
In equities, Coinbase stock is just it really ripping like
Coinbase is up another 6% today. My mom is balling up the $5000.
Yeah, So, so now our price of 230 and that I think hit lows
about 40 or $50, you know just last year possibly Even so when
we had all. The SECSEC stuff, $33. $33 like
that mental that's almost a 10X on Coinbase since since last
year for an equity so it was just pretty insane and we're
obviously used to that in in in crypto.
So yeah that's everything on macro we just have payrolls on
Friday which is going to be the main thing crypto.
I mean look we we touched, we were just short of all time
highs yesterday on on Bitcoin and then we just had this
massive, like we had this with multiple nukes.
Yesterday we had one massive nuke after that, which I think
was during our show and then we had the the absolutely like
killer nuke. Afterwards when I was off, I was
actually off the desk. I was out playing football and I
came back and just like what the hell Like the timeline was in
tears but the prices were the same and I was like I was like
what's everyone complaining about it what the hell happened?
And then I looked at the charts. I just was like massive like
hammer candle basically of like this like big red Wick down and
you know it completely bouncing back.
But yeah look I just think it's really a case of funding was
extremely high. It is just so easy for a Bitcoin
whale to come in and just dump a little Bitcoin and force which
they did force force those liquidations buy back and do it
in huge size where they make a shit load of money.
So that's what happened. I think that's going to continue
to happen if funding gets out of control and you can see like it
funding eased up, you know, from your funding heat map.
Now it eased up right after and then it started to like tick
back up again. And actually looks like it's a
little bit better than it was when I checked this morning.
But it's just going to be this is what you're going to get in
this market. You're going to get because so
many people are taking leverage. You know, I'm not talking about
us, but I'm talking about just newcomers into this market who
don't know anything about funding rates, don't know
anything about how this market works.
We'll be like, Oh yeah, I can like 5X long Bitcoin.
Let me just do that. And you're going to get like
you're going to get an increase in funding rates as a result as
a consequence of an influx of the retail market because people
will be doing it without really knowing the implications.
And so I think we're going to continue to see these kinds of
moves where we'll go higher, we'll keep the long term trend
is going to be higher, but you'll get these violent candles
down. And honestly, the easiest way to
predict that opposition for it is just to look at this funding
rate heat map and look at when funding goes high and when it
gets north of 100% on Bitcoin, that's when you know there's
there's something on the horizon.
There's going to be a bit big Red Wick down.
And if you're just in spot, it doesn't really matter, Like you
just have to like, you know, hold your hold your own when
when it drops down, Yeah, or even buy those dips.
But on leverage, it's like when funding gets high, take leverage
off when it's all cleared and reset, maybe you can put
leverage back on again and then, you know, stay away from when
funding is high. And I think that's the, you
know, that's really the move here.
But it's tough because you know, sometimes funding is high and
things keep going higher. But then you're just kind of
like, you know, walking this tightrope where it's like you
just fall over at any moment. I think that's what happened.
And you know, today really ETH has been the strong performer
out of all of this, like ETH. BTC is back up to 0.057, having
dropped to 0.053. I think recently Solana is
really struggling, man. Like Solana is that like, so
salt Ether is at 0.033, which I think is the lowest it's been in
almost six months now and I just think there's probably VC tokens
that are unlocking like every day or every.
Week No if the FTS is FTS estate.
FTX stuff too. They're selling, they're selling
and they're just selling it. Just yeah, and.
You know what's the worst? They're selling at 1:30 and
paying people back at 16. Horrible.
Yeah, it's mental, right? Mental.
I do. I do think Solana has a really
good long hair because I think it's underperformed quite a lot.
And Seoul? What Seoul feels like now is
what ETH felt like in November and December.
When it keeps covering the 2000s.
Yeah, exactly. It just, it just wouldn't move
and every time it would rally, it would get Seoul back down and
everyone would be just frustrated.
Eventually that cell pressure will clear and I think Seoul can
do really well. And compared to ETH, I think
Seoul is something that can really be a three to 5X from
here this cycle. I think.
I think that's not crazy for for Seoul.
Some people maybe even say it can be a 10X, which I think is
also not like crazy crazy if you have a real, real bull market.
So risk reward, I actually really, really like Seoul here.
But you're not going to get instant gratification.
It's not going to go up to, it's not going to just correct today,
tomorrow, maybe even not next week or next month.
But there will be a time where it will just start charging
ahead just like how ETH is now and you want to have be
positioned for it ahead of that I think.
And the meme coins like whiff got listed by Binance yesterday.
It was a sell the IT was a sell the news until.
Until. Yeah, until Asia walked in and
and it's now sitting at north of a $2 billion market cap.
I think yesterday the Binance listing was a point where lots
of people want that was their target to sell and people just
sold. I mean I took off most of my
position yesterday. I still have still have some on
but I was like my thing was like if it gets to a billion dollars
I'll sell and I'll if it gets to I'll sell some and as soon as it
gets listed by buying I'll sell some And I it got listed and I
and I sold and I obviously I should have waited a little bit
but. But yeah, right.
Because like at the same time by the way you have dog whiff coin
like clapping clapping. Yeah.
On on stage right now they they dog whiff hat right now was like
just clapping the smashing the clap emoji.
I think we should we should stop pause on this and study this for
a second. Right.
You had a plan. You stuck to it.
I had a plan that was exactly, you know, like I got into this
thing obviously very cheap, so I had massive, massive gains.
And for me, I was like, the worst thing would be if I just
didn't sell it and it went a lot lower.
I was like. You've done that before.
We've done it before. Yeah.
Well, at this point it was for me.
For me it was like, it's not really about whether it goes
higher or not. It's just like I've made a lot
of money on this. I want to like take some
profits. And so I did.
I was like, OK, by that testing, I'm going to going to reduce
some. And so I did.
And but you know, by the mistake I made last bull market was not
leaving moon bags, not leaving positions on.
And originally when I minced all those apes, I sold all of them.
I should have kept some. And so I kept, you know, I've
kept, I still have a million tokens.
So I kept. I still have quite a large
position in it. Yeah.
I love how that's like my moon bag.
It's a $2,000,000 moon bag. Yeah, it's so like.
It's wild, isn't it? I like.
I just like. It's a free bag, right?
At this stage, you're very deep in profit.
Yeah, yeah. It's it's just like, I've just
forgotten what the numbers are now because I'm just like
whatever, You're just not thinking about it and like
playing with these numbers and then you're just like, yeah,
this is my, this is a moon bag. And it's like, this is the last
25% of my position. It's just this moon bag.
It's like, oh wait, it's like a $2,000,000 moon bag.
But I want to, I want to hold on to that for a while because I
just think you know there's some possibility we see like doge and
ship kind of stuff and this market gets crazy and you know
I'm going to write it for that. But you know you had, you had
other things pump as well. You had you know Myro I think
had a finance futures listing and was moving on.
That morgue is at all time highs right now.
It's fast approaching 500 million.
So we had a lot of weakness in meme coins in the last two days
or so, and now they're just taking another leg higher, which
is like pretty bullish, like it kind of makes you think for any
meme coin connoisseur like ourselves in the last two.
Years. I love that.
Well, you have a mean coin season and everything you have
like a blow off top kind of thing and then everything just
sells off and then it's just dead for ages and it felt like
we were at risk of that two days ago.
So to then see things come back even stronger after that, I
think it's pretty bullish. So we'll see, I don't know we'll
see. Well, I think it's, I think you
know what, we had Susie on Rec radio today.
And so let's talk about that. What, what do you say?
I watched the hotel. It was great.
Something really interesting because like I've always been
like well, if you make loads of money you should take profits
and you know take profits on the way and all that kind of stuff.
And which I still think you should do.
But he he provided a different perspective which was like which
I think holds true for many of these meme coins that are doing
well now. Which is like you know if you
were lucky enough or fortunate enough to buy something where
you could get like a big position in it for very cheaply.
And that thing really starts to take off and become a big token.
And you shouldn't sell any. You should, you should ride it
because it becomes very difficult to have that much size
in it and re enter that trade. And that hit home for me about,
you know, on stuff like dot, like WIF and and MOG and all
this stuff that was like super, super cheap a few a few weeks
ago. And you could get like, you
know, if people were able to buy like millions of dollars of, you
know, millions of WIF tokens, for example, for just a few 100
bucks or a few 1000 bucks, Which is like a generational
opportunity. But if you sell too early and
you get to this point, then you don't really have much left.
But if you just ride that thing, then suddenly you just have like
a plethora of tokens that are very hard to access for in a
token that, you know, like something, some of these coins
now are going to be doing really well throughout this pool.
So I thought that was an interesting take and kind of
made me regret some of my sales, I think.
But whatever you can't, you're always going to have some
regrets. You're never going to be able to
time it. Perfectly.
I think it's hard to have any regrets holding back a million
WIF tokens that you are pretty much got for free at this stage.
I have to say like we we have to recognize the trade was
gorgeous. Like when you tweeted.
When you tweet text in the chat in December saying you I dubbed
my 2 for dances to weave bids for with corn.
Dude, I'll never forget I remember following you into the
trade I bought. So that's when I sold $100,000
worth of another token. What I did is I put 25 K into
like a an Angel which is now like pretty much like 30X, which
is awesome, but you won't get it until it's like you know back.
So it's going to take a year, so that doesn't count.
But the rest of the 75 Ki tailed you and I put into WIF and at
the time was like I was like 75 K at 75 mils.
So it was like I had like I remember it was like 992,000
tokens or something like that. So I I slowly got like 2,000,000
tokens and like 5 days later I was up to 100K.
So I sold it, right? Naturally, I'm like, yo, I made
200 grand in five days, right. You know bear market PT.
Like do you realize like only in the space am I like fuck I made
200K. Do you know what I mean?
Like it it's it's actually mental.
And so here I am with my with my bag and bear market PTSD still
and I'm like dude like surely this can't keep going up.
Like I'm like I I made money like I've lost so much money
trying to leverage trade in bear market this and that.
So I do that, you know, but in and out again.
So you know, I wasn't like fully out then was in out the whole
ride and now here I am like like no corner, but obviously bags
and like other memes that are doing really well, but like full
on supporting the cause. Like I want to see this going to
$10. Like I want to see this going
like $40 old Shiba thing. Like I will support this dog
with a hat. I will keep my hat on as long as
this dog exists whether I have the corner or not because I
think it's good for the space. Like I know some people want to
say crazy things about meme coins and shit but like like
retail comes in through Coinbase finance, all this stuff.
Like they buy this stuff 1st and then they get into the space
then they make a little money or not and they get to see the
other stuff. But I I I'm a fan dude.
I I love that. I know a lot of people around me
that that made a lot of money whether it's a little bit of
money or a lot of money. Like it's just it's just good.
Like what you know, I I I just wonder like will the dog keep
its hat on at 6.9 dollars? Absolutely.
I think you know like I said the
mistake I made in 2021 was not riding my winners long enough
and I think I think the the the solution and I've I've go back
and forth. It's like do you want to take
profits or I want to like ride it or blah blah.
I think what you need to do really is you need to like when
you're up big you just need to take some profits and get your
principal back and maybe even more cash it out and then what
you have left. I think you really have to be
like, OK, I'm just going to ride this thing because who knows how
crazy things can get in the cycle.
And you know, like in 2021, Doge went up 10, you know, Doge had a
Ted X when it was already at whatever, like 2 billion or $3
billion market cap, something crazy like that.
Or or maybe it was shape or maybe it was both.
I can't remember. I'm reading all these stats,
right. So you do have this potential
for like crazy, crazy moves. And I think this cycle because
like people made so much money on meme coins last cycle and
because people made money on Pepe last year, I think the idea
of like getting involved in meme coins is not as stupid as it was
before. And I think it attracts more
sophisticated capital and perhaps even institutional
capital. So I think you're we're going to
run it back with some crazy meme coin levels and and market caps
again this year and I just don't think we've seen it yet.
I think we're still very early to it.
So you know, for people who are up big, I think take some off so
you don't feel bad if you round trip because you already take,
you know, monetize some, but you know really leaves some on
because who the fuck knows where some of this shit can get to.
And I think if something tells me like deep down, it tells me
we're in for some, like really crazy price action.
And I'm just trying to get it's hard, it's really hard to hold
on sometimes, but I think you just got to hold on and ride it.
It's going to get silly. It's going to get silly.
I think this is really good advice.
And that's why I kind of wanted to double down on your Like
Whiff story. Because people see the numbers,
see this and that, but they don't sound like the hardest
part is actually holding them with conviction.
Like I'll just say here, like my biggest conviction.
Hold has been long all along. I think it's public at this
stage, and I and I did it from a public quality, for what it's
worth. But I bought like I bought it.
I was going back to my transaction today.
I think it was July 20 or August something I forgot.
I I got to find a Texan again but it's like it was then and
then just held it because I was like fuck it, it's down and it
was like 8 months of the same thing.
So I was like and these guys are like everywhere and every car is
like fuck it, I'm gonna hold this thing and now it's worth
like almost half $1,000,000. So like I can't wait.
I I I hope so, right. I'm hoping now that I don't
become this bag holder that round trips again because I've
done it a lot. Y'all I've round tripped a lot
of shit. But like you know like this
thing keeps going and it gets silly then you know it it's
gonna get it's it's gonna be it's gonna be pretty crazy so
I'm excited anyways. Anyways Matt I don't know what
we're doing today but there's 800 plus people watching us live
on air OV at the moment and 300 plus on spaces.
So we are very back. Remember what did I say two days
ago I was talking to over and the boys I was like guys study
media numbers. Like study media numbers.
That's how you start seeing things.
We're pretty much hitting all time highs in numbers every day
here and I absolutely love to see that.
Listen, on the market side, honestly we don't have Mando to
do the more like in depth type of things about majors and
stuff. But you know, we're looking
good. We're looking good.
Total market cap for crypto is still under 2 1/2 trillion
dollars. So we have a solid 4X to go from
there. Ovi, question for you, when do
you think we start seeing like alts moving again?
Like it seems like it's a little stuck here, like all the money's
going into memes, majors kind of like, you know, sticking to
their guns here like eat Bitcoin soul.
Like what what what do you guys think here?
Like what do you what do you guys, I'm used to think you guys
what do you what do you think like we start seeing some alts
move again. I saw Pentoshi tweet about this
morning saying like like what we're about to see on alts is
probably going to be like massive.
Like what? When do you think that that
machine starts rolling again? I think it's going to be if the
ETF gets approved in May May. But yeah, this is the crazy
thing because like alts are already up a lot in the last few
months. You know some things are up.
Five to 10X mean coins are up, 10s of XS, maybe even 100X in
some cases. But Bitcoin dominance is still
54% and the total 3 chart whatever is still like way off.
You know where where it has been.
So I mean at the risk of sounding too bullish and too
aggressive, there is a scenario where ETF gets approved in May,
Bitcoin dominance falls below 50% because it creates a big ETA
rally and we see alts, you know do multiples of of where they
are from now. And that's the big, I think
that's now like the big opportunity here like if that
happens that could be a very good trade.
It's, you know, this is for me the reason why For me it's just
like holding something like spot soul or you know, maybe some
other L ones like say or whatever even like somewhat
injective, you know, holding some of that stuff.
You could still be in for like 5 or 10X trades and you can kind
of just like hold them without having to really do anything as
opposed to like trying to get the quick money on leverage.
And I think that's the big I I think that's a big opportunity
set from here. I I really do and I still don't
know if the ETCF will get approved or not but what I do
believe is if it does get approved we're going to see a
big big big move in alts I think and we we're not at levels where
we were last cycle for alts yet we're we're we're really not
like all the gaming stuff is well off all their highs right
like still multiples off. So I'm I'm I'm pretty bullish
on, on that standpoint. I'm just very cautious of
funding and these this volatility we'll have.
But I think it's like volatility upwards I think and in a way
it's good volatility for you know if if funding keeps
getting, if leather positions keep getting wiped out like
every other day that's pretty good because it just means
positioning is constantly being cleaned.
If you have this big build up of leverage leather positions over
weeks and weeks and weeks and it doesn't get wiped out and that's
pretty bad because that could cause a serious crash.
So I think this regular big down Wick every two or three days or
so, maybe even multiple times a day is actually a really healthy
thing for the market because it keeps resetting positioning at a
frequent pace, which I think is good.
I think it allows us to keep going higher.
Yeah, it's it's going to get silly real quick.
I mean, the first person, Tommy Sell, may go away.
This man. I'm slapping them across the
face, let me tell you that. So it's not, I mean, it's not
going to be a salamander away if he gets approved, I'll tell.
You that right? Yeah.
But if it does, then maybe we do go away.
Yeah, If it doesn't, then yeah, we're all we're all going to
fuck off. Maybe this time around, because
last year we didn't do it, and it was.
It was made in November sucked and like, made October ish.
Remember, Like that whole like summer last year really sucked
because it was like dragging. Like everything was just
chopping sideways, sideways, sideways.
We're all waiting for the next leg up.
Next leg up. Anyways, hey, can we get to 1000
live viewers on video? Y'all, let's get some retweets.
Let's follow. Formal hour.
Appreciate you all watching us live.
Hang tight. We're not done just yet with
y'all. We have some amazing guests
coming on in a tiny tiny bit. It's going to be a lot of fun on
this station to unveil the cast for new here, which is.
Honestly, sick initiative. I'm a big fan of it.
But anyways, let's talk, let's talk, should we talk?
I mean, look, I think we've done the rounds right in terms of
like D5, look, Bitcoin ETFs are still ripping, everything's
good. The one story yesterday about
Bitcoin though quickly that you were talking about about like
people buying, like selling it. At the highs there is a minor
OV. There's somebody that mined 1000
Bitcoin and that sold it all exactly at $69,000, which means
that he pretty much went from 0 to $69,000,000 in 14 years.
Mental. How insane is that?
There was a transaction showing that there was famous
screenshots going around and I'll find it put on the screen.
But basically that person, that person literally like mined
Bitcoin in 2010 and sold at the top.
My only question is like, we're not going to sell shame someone
who turned nothing to 70 mil. But why?
It's 69 K Couldn't you let it hit 70 K?
What would you have done? Would you have?
It's like, will we even have held this long?
That's the next level, Diamond hair.
You have to like to be able to hold things for a long time.
You either have to, like, already be rich where that extra
money doesn't mean anything to you, or you just have to be not
care about the money. Or you just have to be like,
just fucking mental, really. Dude mental mental it's it's
absolutely crazy man. We've I I have to say I'm pretty
hype right now it's hard for me for to hide it there's 1000
people watching on some video like like and that's without the
spaces. So I I I got to say like I'm
pretty hype for this right now and and it feels really cool
because like we've been streaming video through the
entire bear market. This is like the 600th episode.
I know this is episode 73 but we had like 2 iteration of the show
before so we're over 600 deep. I wish Mando was with us right
now to cherish this moment but it's pretty fire.
It's pretty fire to. I sent them a screenshot.
I was like what's going on? I'm like I have no idea.
We're just cooking but you know maybe people excited about with
maybe people excited about new here.
Maybe people are excited about the market again OV but but it's
a it's a pretty cool signal and I love to see that we stream
live every single day. I'm going to chill out one more
time because we really work hard on this here on YouTube, Rock
Radio and on on X. We always post a broadcast every
single Monday to Friday at 10:30 AM Eastern Standard Time.
And it's always bangers, that's for sure.
If you were there in December, you would have heard OV ape into
whiff. You could have become a whiff
millionaire if you were there with us in December.
Obviously playing here, but this is really hype and exciting
moment. Anyways, before I go on to our
awesome guests and really good friends of mine, let's maybe
quickly glance over what's happening in NFTS.
Obviously not as exciting at the moment, always like that.
So if you go to digens, digens of finance, again, something
really cool that OVA Mandel's built with their team and and
let's just go here and look at how we're looking.
It's not looking great, that's for sure.
I saw Skull of Lucy trade yesterday.
Obi, it's good for you there. Yeah, I saw that 70 ETH pretty
good with the ETH valley. Yeah, fellow crypto punk ended
up buying and his punk is pretty cool.
It's like a wild white hair with like clown nose.
I thought it was pretty fun so that was cool.
So I saw Skull of Lucy trading another fedenza.
Trade punks are just they're just trading.
Like it's just it keeps on trading with the crypto.
I mean man, with ETH being so high, I'm only assuming crypto
punk floors just like keeps on rising in dollar terms right?
Like we must be wow $211,000 right now for floor crypto punk.
Pretty wild to see this price at the moment, do you think?
Do you think we see a million dollar floor crypto punk this
cycle? Yeah, I do.
I do. I do too.
I do believe, Yeah, I do believe.
So I think we, I think we will. There's some nice punks on the
floor, man. Like the that 4th last one is a
really nice one. Fun, yeah.
Yeah, she's clean. She's very clean.
This one's clean too, with the That one's really clean.
I don't usually like clown eyes as much, but clown eyes with the
makeup and the blonde hair up, it's nice.
There's a lot of this one's great.
Sad thing is, it's a 5 trait, but the earring is hidden.
I don't really like that. So it's actually like there is
an earring on this punk you see, but it just doesn't show here.
So it's hidden trait, which some people like.
That's my old punk. Look at that for Oak punk.
Well, that's my buddy right there.
I sold him for 110 Eighth though back then.
Look at that. Not bad, huh?
Maybe, but that was to upgrade to new punk.
So we spent the whole amount, if I could tell you one and then
some. Also, what happened on Punk's
yesterday? Did you see Alexander Arno
trolling us? Possibly in the worst time,
Paul. Oh, you didn't.
You were at football? I missed it, yeah.
What happened? What happened yesterday?
Is that Alex? Oh, it's not even there anymore.
Oh, it's here. So Alexander Arnault, you know,
CEO of Tiffany and Co and also son of billionaire, you know,
one of the richest men on earth, Bernard Arnault changed his PFP
to the alien punk 3100 and then put GM.
So everybody immediately was like, let's go, let's go.
He bought the punk 2 seconds later he goes.
Too many rumors. So I had to make a joke.
Not only proposed, but close Congrats to the new owner of
Punk 3100. It's not me.
Hit me up for Tiffany and Copenant.
But The thing is, he made that joke during the 40% crash on
Seoul and like that $10,000 went down on Bitcoin.
So it's probably like the worst time joke in the history of like
jokes on CT Yeah, it was wild. And then Flamingo Dao made the
same joke. But the thing that they don't
understand, and I want all 1200 listeners live on video to know
this Ovi actually bought that punch.
I'd say because it's because everyone, even the son of the
richest man on earth is larping as an alien punk when my Co host
literally bought the punk. So like so to me like that's
just signals. Like that's just signals that
I'm looking at study that, study that literally you have.
You know host opinions are their own.
So I love, I love I love Sam's. He's so quick with the Proms.
I just want everybody to know that's my Co host.
He got the alien punk. OK OK so so there's only one
there's only one punk 3100 and it and it and it's in the wallet
of my Co host we and we have it. Anyways back to Digense.
Look I'd say boarding floods once again hitting all time
highs overall. Like I saw some tweets about
like the floor of all their collections and whatnot this is
normal which for us going down like you know all this
conversation started rising was the first time that we saw
mutant Cell under mint price OV rare rare like since MIT and
that was like what, a couple years ago on or three ETH.
So Mutants are selling 280. You have board apes selling at
18 ETH. But with ETH being so high I
mean you're still looking at $70,000 per JPEG.
So you know sometimes it's good to play devil's advocate and see
it the other way though you know 150 high to 18 ETH flow here is
not great of course for you know overall the only collection
that's clearly up is milady OV. I have to say, like with all
these coins, like the meme coins going up, I don't want to see a
world where like my ladies can't go like just parabolic once
people start taking profits like let's be.
Honest. Yeah.
It just feels like a lot of it feels like some capital rolls
into my ladies. I.
Think, tell me all these, like, Mog dogs and like, yeah, hey
Bros and you know, like all these people are not going to go
in. Like, you know what I mean?
Like the whole Remilio movement, like this thing is just going to
go in bonkers. I still have my one.
It's still vaulted. That's my son or daughter.
It depends how you see it. But it's a it's a really nice
one and I really like it. It's got a little Chrome hearts
hat. It's fire.
It was my girlfriend's PFP for quite a while And then anyways,
punks look pudgy Penguins, you know little listen.
Overall E retracing all across the board.
It's time for pandas being up on the day finances selling.
I have a question for you. I saw these retweet something
earlier saying that surely this has to be like it can't get
worse on the art side. You're reckoning we're bottoming
here on the art side. This is one of the only first
times ever where there's zero concurrent auctions on Superware
today. Yeah, it's, I mean it's a tough
one. It's a tough one for the art
market because what we saw in 2021 was people buying art in
order to speculate on NFTS and speculate on an asset class.
And that speculation just changed a lot.
Like, you know, it changed from something that wasn't so liquid
to something that was a lot more liquid and people moved away
from it. And I think it's a, it's a bit
of like a sad one because it brought a lot of artists.
Well, it brought a lot of artists into the space.
And now I was like, you know, where the fuck has that money
gone? Where's, where's that capital
gone? Like, will we ever get that
back? I think things will come back.
I think. I think people want to you know,
when you do really well, you want to go out there and buy
something to like flex or treat yourself or whatever it is.
But when it comes back, I'm not really sure.
And you know the one one of one art now really is like you the
only people who buy it are people who like art.
Like no one buys it to speculate.
And you, you just don't have that market anymore and maybe it
comes back. I don't know like if if you
start getting some big sales and people making some some good
flips then it will come back. But people just don't really buy
art to flip anymore in NFTS. I don't think like maybe on
generative art, but like very rarely on one of one art.
So yeah, it's just a it's a challenge market.
I hope it's in a market that comes back because it was one of
the most global markets, but. It'll be back.
Art list forever.
You know, it's one of those things.
It's not like art or crypto art or NFT or whatever.
It's art, right? So it's not like art is dead
overnight. This is the real thing thing
about artists. Before there was NFTS, there was
artists, you know, and they'll find a way, you know, that's
the, that's the. I feel like it's like a class of
people that like no matter what will always at least try to find
a way to like make it. Speaking of which I'm about to
bring, I hope y'all ready Dad, Bruce and Hannah.
I see y'all in the studio. I'm about to bring some fire
artists up here. But you know, it's it's a class
of people that you know, just just don't fucking stop.
And that's something, you know, that should be recognized on the
Solana NFT side. Listen, same, same as yesterday.
I'm not going to go over it too much.
Mad lad's up and that's it. Obviously it's not like that's
that. It's not like NFTS are dead,
right? So it's just like coins are just
ripping too much. And if you're a newcomer to
space and if you're a D Gen. what are you going to buy an NFT
here when it's stagnant or you're going to try and like
thousand X on the coin? Like you got to study the
mentality of like retail, right? And that's just how it works and
there's nothing you can do about it.
But that is not the case for ordinals, which is just like the
counter example of absolutely everything that I just said.
Ordinals just keep on ripping and ripping and ripping and
ripping higher. One fun side I noticed on
Quantum Cats is that the listings went down by like 70%.
Yeah, yeah, yeah. So there was like there was a
moment in time where like there was like 600 quantum casts
listed. And that's a lot because like
there's only 3000 of them. You're down to like, and I'll
tell you right now, 284 out of out of two point 4K owners and
3.3 K supply. So not bad, not bad at .4
Bitcoin. So for anybody who minted that,
congratulations. And yeah, the rest of the
ordinals doing good little drawdown on puppets.
But besides that, you know, ordinals are doing really,
really, really good. I mean I saw some other stuff
meant today and people were like sharing it on the timeline,
bunch of honoraries flying around.
So you absolutely love to see that.
But anyways, anyways, this is a good, this is, this is a good
round up and I think we're good there.
And the other thing last thing is Frantech is back, but we'll
talk about this maybe tomorrow when we have more time.
But it seems like points are selling for a lot of money on
secondary markets like I saw points going for as much as $10
per point OV. So it's it's it's crazy.
In case you didn't know we we got to run the Frantech meta
back. So let's go that's that's
another thing that is that that seems to be doing extremely
well. Anyways, and without further
ado, let me welcome to the stage Boom, boom, boom, boom, boom.
Our special guest of the day, fellow Arbitrum.
Enjoy yours. NFT enjoyers, Crypto enjoyers.
What's up, Dad? Hunter Bruce.
The new Here crew. What's up y'all?
Yo. This is real this.
Is real this? Is so real, man.
Is this you guys are finally coming on the show like yo,
we're. Finally here we finally made it.
That's insane. That is wild.
So TLDR but then obviously, well I'm going to pass it to you Dan
and team to like kind of like you know intro intro all this
for us here. You know what's new here, what
you guys are doing, what are we unveiling today because it's
it's really exciting. But I met Dan because every
single person and their mothers kept telling me about, yo-yo,
you should connect with this dance sickles guy.
Yeah, you should connect with this dance.
I'm not even making this up. Like because you're a fellow
punk. So it's like a part of the punk
community. Like everyone's like, yo, like
this dance. Sickles is crazy, crazy movie
about Webster and Crypto. Obviously I heard about the
Sundance stuff. Insane.
I can't wait to like, this is actually a really big deal,
like, movie wise. You know, they're probably not
going to prop themselves up. Like, I will prop them up.
But let me tell you guys, this is a big deal.
And then, and I mean that. And so and point being, they're
like, yo, you should connect with this guy.
You should be in the movie, You should connect with this guy.
You should try like they're making a most fire movie about
Krypton Web three over the last three years.
And I know you guys have a lot of content, so I'll let you guys
go and explain. But I met them finally at the
Beeple Studios, opening for the grand opening of The Beeple
Studios, when I had the chance to work with Hana and Bruce
there in person, they mic me up and I was the person that you'll
see at some .1 day in the movie that went to People studios,
interviewed people and it kind of like the People Studios
opening through my lens. Extra points.
I was lit by the end. So it was so much fun and so and
it was super cool. So when Dan, Dan reached out and
said that, yo, we're doing this cool thing, we're unveiling the
cast for the short clips first as NFTS.
And it was like, yo, it's on Arbiter.
And I was like, yo, dude, come on, come on.
We got to we got to finally cook together.
Let's find a time. And then I know you guys were
part of the Shake Shack Arbitrum activation Denver just last
week, which I heard really great things of and about.
And then now we have this. So then hope that was not too
much hype for you, you know, but you know, you're a big movie
guy, you're a big behind the scenes guy producer.
So you know, I kind of had to like, do that.
But then no. I appreciate it.
I appreciate it, man. No, you did, you did great.
You did great. And you know, I mean like you
said, we've been following the space for, for three years now.
And I mean like one place to start is like, you know, we, we
have been sort of watching from the wings and you know, like
I've been listening to this show since you had that early theme
song. What was it like?
Like it's a beautiful. Day.
Have a beautiful day. Yeah.
Yeah, exactly. So I mean like we, you know we
we've been sort of watching this, this space grow up over
the past few years and it's just been it's been remarkable to
see. I mean OSF, we were watching you
boxing like only a few weeks ago.
Congratulations on the alien punk.
But yeah, you know, it's it's been a, it's been a tornado, as
you guys know, you know, and it's it's been, it's been like
something that's been unbelievable for us to capture.
And you know, we're working on a film.
It's an epic film that that will be rounded out this summer is
when we're going to be finishing the feature film.
But you know, as with everything in crypto, we didn't want to
stop with one big sort of commitment.
We wanted to make more media. So we are launching a series of
short films that will be premiering in April.
And basically they're profiling like some of the best thinkers
and voices and creators in the space.
But more than that, like, they're also videos that, like,
we're really hoping that you can sort of pass to people that, you
know, that might not understand what's going on here, you know?
So we're really working to sort of create media and content that
that's sort of acting as a shorthand, you know, so you can
send to mom and be like, yo, this is Snow Fro talking about
generative art. This is this is how he breaks it
down and and that you can share this library in this way.
So that's something that we're starting to build in the lead up
to this feature and if you head to Glimpses dot Art right now
you can actually check out a drop that that's paired with
these premieres. We basically developed this
really cool mechanic where one token corresponds to one film to
1 short film that will start premiering in April.
And as you watch that film, once you finish the actual token will
evolve, the art on the token will evolve and there's multiple
steps to that. We don't want to give away too
much of the surprise, but basically yeah, it it will
continue to evolve as you interact with new year content.
So if you head to Glimpses dot Art, it's actually a free mint.
We're we're really trying to on board new people into the space
and show how we can use blockchain technology to to sort
of you know activate and experience new media coming out
coming out of the space. Hell yeah.
Look at the Is that. Oh, you guys have reach as a
partner too. Love that.
Oh yeah. Yeah, we love the reach, boys.
That's fam. I've heard of this media brand
before. Let's go.
We got Ralph Paul with real vision.
That's so cool. You guys have all like lady this
all fam Avastars, shout Jimmy Bright moments.
You got Seth obviously the crypto rock radio.
That's us. You got reached.
That's Fam Mocha Accelerate Art. That's so cool.
Zora the. Whip.
Drizzle. Yeah, man.
For Garden Ruins, Dude, that's like, literally like a family
affair right there. No, it's great.
It's great. And I mean like we really want
to be showing off the best of who's working in the space too.
Like that's something that New Year's very much all about.
We want to be a place that people can land and sort of be
like, hey, where do I find great info?
Where do I like check out the good podcast that are happening
every day and we can sort of direct them to places that we
know and love. Dude, this is this is this is
really, really, really cool. So let's talk about let's let's
pull the curtain back a time. Yeah.
Let's pull the curtain back a tiny bit then I definitely want
to. I need to hear from my girl
Hanna, and I need to hear from my boy Bruce as well.
Do you want to explain a little bit of what new here is first?
Like, let's let's like, 'cause I I did the whole hype thing, I
know the movies for later. We're here to talk about the
short stuff, OK? But give us a little, like, come
on, explain to us what you've been cooking and you hear
because it's really cool. Like, this is one of the coolest
things. I think it's happening.
The NFT side art side of like the the space.
Anyone. Anyone of you sorry, open-ended
questions or hard with those 3 guests?
OK, so here's what I'll say. First, I think people hear a
documentary that Dan, our team is working on a documentary, and
they have the wrong idea about what the heck this is that
they're about to get. This movie is going to be the
best damn Internet movie that we've ever seen.
That is our aspiration. That's what we're trying to
build and what that feels like a little bit like, as in
Wonderland goes to the metaverse, the the way that this
film comes together is from the point of view of a fictional
scripted character named Rookie, and they have magical sort of
chance encounter that leads them down the crypto rabbit hole.
They're a pizza delivery driver in the real world and their
computer sort of takes on this living, breathing metaverse
quality that becomes a very, very immersive journey into this
story of of an ensemble of artists.
We have filmed with 100 artists over the course of 2 1/2 years
and and in that metaverse we tell the history of this spade
where it's going so that all sort of like looked like some of
the stuff that you see a little bit in glimpses.
We built these 3D virtual worlds where this history unfolds and
other to Bruce to add anymore. Yeah, yeah, yeah.
Oh, that's how you broke. No.
Oh, Hannah. Oh, she's back.
OK, cool. Go ahead, Bruce.
Oh, yeah. No, no.
I just, yeah, real quick. I said my photographer, like on
the film, what I'm deeply honoured by is like the the
artist. The artist, sorry, the artistic
collaboration we've had with the subjects in our film.
You know we've really been exploring different aesthetics
like for example I've I've really delved deep into AI
filmmaking with one of our subjects Sarah Silver like she
has been really pushing the limit of what we can explore
technologically visually aesthetically and and what we've
learned through the collaboration.
I think it's it's really like making the film so unique and
deep and also on the other side of that we're collaborating with
someone like C3 you know who's who's like visuals are so
minimal and stunning and and we've been trying to represent
that in the movie too. So like we're we're really
trying to like capture the aesthetics and styles of of the
artists and such as in our film in a way that is, yeah, fun and
empowering. It is fun.
You're coming from someone who was you know that that you know
boots on the ground with y'all let me tell you you know being
in Charleston with you guys was was was hell of fun.
I need to bring back those clips or something because that was
that was really. Yeah.
We can get them. We can get them for you for
sure. That was, I just can't wait,
like one movie, 11 movie, you know?
Soon, right. It's yeah, it's looking like
it's looking like fall or winter.
Yeah, of course. I mean, multiple, homie.
That's how that's how it works. You just, you just sign up for
them. Yeah, no, but fall, winter will
be like the official premiere. You know, like you you finish an
independent film and then you sort of like figure out where to
place it, what festival is going to host it best and that that'll
be like the next steps for us once this is finished.
Hell yeah, I absolutely love to hear that.
Anyways, today we're here to talk about something different.
I will different. Well, that kind of pertains to
it, but kind of different. So let's talk about what Y'all
doing. Obviously Arbitrums involved 11
short films, all releasing, releasing, profiling, 11 of the
most brilliant, audacious and boundary pushing.
I read your words artists cheat code just read what what the
what the actual people behind it.
Right. But artists in the space, in the
world, honestly in this industry and so we're here to avail that
the left, the cast members do you want me to put a video like
how we doing this? Are we doing this?
Yeah, you you can pull up the page, go to go to glimpses dot
art. You'll actually be able to see
each glimpse on there. So where do I go?
Like do I go? Claim now?
Actually, that'll pick up the Zora site where all of them are
hosted. There you go.
There you go.
Each of these tokens corresponds to an episode that we'll be
releasing starting in the spring.
Let's start with the bottom Let's go all the way to Glimpse.
Number one, let's go to bottom right there.
This one there. We go.
Let's hit it. Let's see this.
So how does this work? Talk to me more about it.
So essentially, as you watch the video once, the video premieres
for glimpse #1, which will correspond to the first episode.
Once you finish watching that, this visual will actually morph.
And there may or may not be several stages to how the actual
token evolves, but it will depend on you interacting
actually with the content. Is that enough?
Is that enough or still too cryptic?
It's cryptic. It's cryptic, It's cryptic, but
the visuals will change. It will be.
It will be revealing more and more about the actual episode
itself. OK, OK, this is fun.
This is a lot of, you know, it's funny like when I was in Paris
this time around someone came and asked me about what's the
like, have you ever seen like any like film or like movie Web
3 endeavors and such? And so like, there's definitely
a lot of interest into that. But I don't think we've seen
like yet like the wand that's gonna that has pierced through
really into like into into into Web two.
What do you think it's going to take for like Film 3 to really
take off here? I mean I think that like, you
know, messing around with different mechanics and like how
you can use blockchain to like actually create new audience
experiences. I think that that's going to
bring a whole new wave of people to to this tech and these
ecosystems, right? So like this is a simple
mechanic here that like took us a few months to actually develop
in house whereby there's an Oracle that essentially tells
when you've finished watching a video and that will tell your
token then to shift in terms of the visual.
So I think that like this is just a simple use case that
could be applied in any number of ways, say when you finish
watching or listening to a podcast for example.
But there's all these different ways of changing the metadata
within the token layer when you interact with different layers
of the web, and that's really what we're building towards.
OK, OK, I freaking love that. And super cool.
So are we going to unveil these artists?
Let's do it. Let's do it, homie.
Do you want me to do it? Are we doing it?
Do you You got the list? You have the list in front of
you. I have it.
You have the list. We also have a video which,
well, how do you want to go about it?
Let's let's roll the video. Right, there is no sound on the
video though. And also keep in mind, we have
1500 people watching us on video, but we also have 400
people listening to us live on audio.
So we're going to have to translate it to audio for the
people in the back that are just listening.
So. Mr. Dancing I'm going to give
this one to you because this is this is your moment all.
Right, here we go. New here.
Short films, everybody. The official cast announcement,
Let's start actually with #11 is Claire Silver Claire's one of
the inspirations for the film that we started with.
Then I have Joy World coming in at #10, Who, if you don't know,
OG 3D artist Sarah Zucker, one of the best artists in the
space, one of the most articulate thinkers that we've
got. And I have Elf J Trull who is
Wizard Pixel Master of Forgotten Runes.
King of Ordinals. Alejandro Cartagena who is a
masterful photographer. Also the founder of Daily dot.
XYZ. Then we got snow Fro in the
house who probably doesn't need any introduction.
This is like one of my favorite episodes though.
And Latasha, the queen of music in the three?
Yes, she's the best. I love when she's oh wow.
And we got G Ho OG. Gamer was amazing to chat with
him and have him in the studio. And we got Yam Karkai.
World of women building out her world actually with her was one
of my favourites. And we got artifacts.
I know. This is the drippy as drippy
drip, drip, drip group in all the web.
Oh, look at. That and Poopy Cat Co founder of
Doodles and whoa that there we go, we got through it.
That is all 11 episodes. We got the official cast.
We're going to be posting that on new here XYZ as well to check
that out. And you can like learn a little
bit more about the artists. Those shorts again will be
premiering in April. Go to glimpses, dot art, get get
yourself set up so that when they premiere you can actually
experience like the entire viewing experience the way it is
meant to be. Super cool.
It's going to be. It's going to be wild, yo.
Super cool. So there's there's already 411
minted, it's free and given it's an arbiter, you don't really
have to worry about gas fees. So that's that's the right,
that's the that's the that's the good part.
You know when you mint on, you know alltel ones like L2 is
here. So you absolutely love to see
that. Can't wait to mint my free one
big fan of course, actually. Well the 411 is just on one of
them. I'm sorry there's 3.8000 minted
already. So absolutely love to see that.
Congratulations for that. I mean, last question I really
have for for the crew here is like, what's next for Deep pop
studios, right? Like what?
What's coming? What's up next?
What? What's cooking?
Yeah man. I mean, you know, long term we
really want to help artists such as yourself figure out how you
can be monetizing your content, right?
We want to be working in like distribution and be building out
new initiatives in that way so that we can get everyone from
podcasters, vloggers, to people who are creating series and like
high quality films to be able to actually put their content
online and use a lot of the tools that we're using to
monetize and get get their work out there and seen.
So that's long term for Depop, but you know it's it's very much
step by step and right now it's introducing larger audiences to
the world of artists. Then we have the feature film
which is going to be a much more immersive sort of epic
experience. And then further down the line,
you know we will actually be bringing out these tools to to
the masses and then sort of show how you can get your work out
there just like you've been doing for years, homie.
Dude, that's that's like how we do.
I mean Hannah, Bruce, maybe even to you guys.
Like, you know what are you guys both most excited about?
Hannah, I'll go to you first. I'm so stoked to release these
shorts and we are looking at doing that.
As we said earlier in April, NFTNYC is likely the place.
That's what we're looking at. It's be rewarded for people to
see these little, these little slides of what the feature looks
like and also start to get people connected to our cast and
yeah, and have these glimpses sort of take their own life.
That's what I'm looking forward to in the very near term.
Yeah, I I, I love being in in crypto because I feel like I'm
always expanding my creative horizon, you know, like always,
like pushing what I'm you know, learning, learning and pushing.
So what I'm excited about is just continuing to do that,
continue to push the boundaries of what's possible in
storytelling and digital media. I I I love that this is super
cool. I'm excited for all you because
I know you're super genuine. People that like put a lot of
love into this project and I can't wait to see it come to
like fruition for this. People asking in the chat right
now what's the link to me? This glimpses dot art.
So it's GLIMPSES dot art. Be careful.
Scams. There's that.
The usual yada yada yada. Double, triple, quadruple.
Check the links Before you meant anything.
Should not cost you anything. Should not cost you a thing like
the gas fee must be many, many, many minimal.
So like pennies. I think so it's you should be
good on that front then. Hannah.
Bruce. Thank you for coming this
morning. We finally did it.
Can't wait for the next time you come in.
We're celebrating an Oscar. Hell yeah, we are homie.
Let's. Go at Depop Studios.
Thank you guys for coming to see.
You. Soon.
Thank you. All right.
All right OV the numbers keep going up.
We may as well stay on. I'm kidding.
I know we both got work to do now we we got we got a lot of
work to do. But big shadow, this is our
biggest day ever number wise. Look at the top left.
I don't know if you can see it. I know the people catching on
their screens. We can I think find the studio
but 1700 live listeners on video seems like we finally broke
through nothing something and I love to see that for everybody
follow at FOMO hour FOMOHOUR we usually have our third call.
So he's pretty smart himself as well.
So and so you can be, you'll be able to catch us Monday to
Friday, 10:30 AM Eastern Standard Time.
We record this every day. You don't have to be there live.
The live is always more fun and we then upload it across every
single streaming platform. We're on YouTube.
We're on Instagram, fucking Spotify, Amazon, Apple, podcast,
whatever. Shout out to our guests.
I mean dog whiff coin, you know, for joining us to get on stage
and hanging out and just letting claps away on OV.
You're welcome every day, I think.
I think dog whiff is like the honorary, you know, the dog at
the table like just there. It's like it's like we're going
to have him there, you know, just hanging out with us, you
know, while we're eating, while we're cooking.
And thank you for changing people's lives I guess.
And I definitely wish I had bag held mine the whole way up.
But anyways, with that, with that, with that, we will see
y'all tomorrow morning for another episode of from our on
Rock radio. Let's Go.