Yo-yo yo. What up?
Good morning.
Good morning, G. Wait.
There you go. It doesn't feel normal.
I don't have my shit. Tuesday, July 9th, 2020.
Look at that, another beautiful day to have a beautiful day.
I got my calls in the house. Tyler Mando's on the way.
Tyler, how you doing this morning?
Good morning. We're feeling great sunshine.
We got some bullish news, we got some hopium pumping into our our
veins here in the last day. So we're feeling good getting
into this week here. Dude, pump that hopium right
into my veins right now. It is definitely.
It is definitely there. You absolutely love to see it
and, and I'm just ringing with Powell.
Fed Chair Powell Is Powell speaking right now?
Yeah, he's done it today. Oh, OK, I didn't realize.
So this looks like, looks like we've got him talking.
So there's a lot of stuff going on.
Anyways, there's a big debate also going on today, Tyler,
which at some point when Mando comes, you know, 'cause we have
to, you guys will have to partake in his which, which is
safer, Europe or, or America, You know?
So big debate on, on, on, on the X right now.
And guess who started it? OSF.
I mean this. I love it.
And his dead arc just starting random debates.
Either he's not the wife of the year, either he's got the wife
of the century and he's off the hook, or he's just like just
taking it to the baby and he's fucking sick of it and he's just
revenge tweeting. I've got the help on this.
So like one of the, the factors that that got me deeper into
crypto entities, 2021 newborns, you spend a lot of time with
newborns just holding them, sitting down and you've got time
on your hands. And it's actually very easy just
to, to pass that time on Twitter and it's easy to become more
active and sharing thoughts. So I I actually see how how the
this could be playing out because newborn's asleep all the
time. Yeah, yeah, yeah, I guess, dude,
I'm just, I'm just dying laughing at this because I, I
think, I think people genuinely think that I don't know, Europe
is not a country. So I posted as a joke, right?
Obviously I put a joke because someone responded to us saying
that not if because everyone thinks Europe is a safe country.
So I made a joke saying which country's safer, Europe and the
USA. And then you got someone tagging
inverse bro, you know, so, so, so I'm just, I'm just dying
laughing. I, I got it.
Better get me into, you know, better get me into inverse
press. I was just, yeah, OSF is used to
texting with one hand. I mean, he is definitely used to
to tweeting a lot while doing something else.
I mean, we witnessed that on 700 episodes of the show.
So that one thing OSF is good at is, is doing multiple things as
well. But anyways, today on the show
today and the show, I mean, look, as usual, we'll go through
the market. Seems like there's a few things
we got to talk about, including the ETFs for the ETH, not just
not just the Solana, you know, hopium that's happening on the
timeline with Nate and everything, the CBOE and
everything out of Chicago. Dude, where's Chicago Bulls
here? Literally, we're literally
Chicago Bulls. No, no pun intended.
You got to love the CBOE, man. Dude, you Chicagoans, what do
you call people for Chicago's? Chicagoans.
Chicagoans shout out to the Chicagoans.
I mean, they're, they're really, they're really putting the
Lord's work for my backs right now.
I absolutely love that. So we'll talk about that.
But we got to talk about ETTS because imminent at this stage.
I mean, all the S ones, 19 B fours, everything's been filed.
Are they being returned? So, so it, it feels like it's
just down to the SC CS GO. I think this is down to that now
we got Powell talking right now it seems so we'll have to
discuss that. So a few things on the on the,
on the, on the, on the crypto and market side.
And then of course we'll go to Tyler's top Tyler's top 100.
I'm sure Tyler's got a bunch of stuff so and last but not least,
we will have the robot spins as usual.
So today I, I added some some mutinapes, you know they're
tweets. I figured it was a nice price,
you know, got some mutinibes. We got 4 punks as usual, my
ladies and red guys just to switch things around.
I, I feel like we're due for a win.
I mean, punks are down to 85 K now, Tyler, by the way.
So it's becoming easier to add the punks and more punks and
more punks into the fucking blue box bin.
So at some point I'll probably be able to add a bunch of them.
But anyways, look, Mando's not here, so he may as well.
It's just gonna like, maybe we reversed it today.
Maybe we reverse the show and start with your top 100 because
Mando's running a little late. How's that Tyler?
How do you feel about that? We'll go with the top ten today.
So top story crypto majors rebounds despite the German
government selling $900 million of Bitcoin in one clip.
ETH is leading the way. It's leading because those spot
ETF ETF applicants have filed their new S1 forms.
Approval seems imminent. Also, Grayscale announced a new
ETH mini trust to reduce cell pressure here as these ETFs
launched. That was a big one.
Another ETF news van ECH officially filed for the first
ever on ETF in the United States with a deadline for approval of
March 2025. Watch out Q 12025 In other news,
the GOP they included crypto rights in their 2024 platform to
crypto Twitter and actually in outside of crypto Twitter as
well meta mask this morning about six hours ago.
They were a delicate tool kit for smart contract accounts
meant to streamline user onboarding.
Actually solves quite a few. I love those nagging issues we
all have with meta mask. So there in meme coins.
Lionel Messi promoted this water token on live feed yesterday.
He's got 504,000,000 followers on Instagram and briefly caused
the token to spike to 100 million before retracing.
It's still up to 100% on the day to $66 million.
And unlocks, unlocks are high. Every week we talk about the
unlocks coming to Zai team. So they, they came out and
noted, hey, their unlocks are going to be a little bit
different. They've been reported at 79%.
They're actually only 36% because the teams, the
contributors, they chose to lock up a, a huge chunk of their
tokens for another six months. So you love to see that if
you're a Zai holder and in a tease green on the east board
here this morning, leaders up about 1 to 5%.
Azuki captains, Kampai pandas leading those top movers over on
Bitcoin. Oh no, the RSIC team, they break
their silence. The tease a new game in a tweet
saying, shall we play a game? No additional nation.
The market largely shrugged it off RSIC at 2% on the day, still
down about 75% from peak. And then the blast streaks.
Blast digits its first round of gold last night with there's
some big winners thruster, fancy top, we're big ones Wasabi as
well. Fancy top then announced here
this morning that they are giving out their gold to
retroactively to this week's main tournament entrance.
So we thought it was just Ethan points and cards there's in
there as well. That's the a lot of areas we can
dive in. Where do we even start, dude?
Where do we even start? Let's start with the, you know
what, let's start with the let's do the ETFs after 'cause you
know, we'll do markets and stuff.
We'll chat with Mando as well. I do want to start with this GOP
thing 'cause you know, you cover that quite a bit, the polify and
everything. So for the non Americans out
there, you kind of you want to explain kind of like what that
news was, 'cause it's a pretty big deal, right?
Where is it? Yes.
So each party, yeah, it's a big deal.
So each year going into or every election cycle and that the
primary parties will release their official platforms.
So folks have a a written source of what the parties stand for
their stance on issues. Yesterday the Republican Party
released its official 2024 GOP platform which did include a
brief section on crypto. It sits within chapter 3 titled
Build the greatest economy in history.
The stance TLDR here is to end unlawful crypto crackdowns.
Oppose a CBDC, defend Bitcoin mining rights and then ensure
rights to self custody and free transacting.
I think for most crypto holders and believers it sounds pretty
good. It's hard to argue with any of
these foundational items. This is in stark contrast to
what has happened under under the current democratic regime.
Speaking objectively, where the SEC has come after several major
crypto companies while not providing any clear framework
with with which ends for for crypto companies to operate and
then Senator Elizabeth Warren proposing a bill to restrict
self custody laws as well in this time frame.
I think the new platform unsurprisingly received well by
most of crypto Twitter. I think it is also very
interesting to see crypto put up right next to AI manufacturing
and and space exploration, the only four sectors named in this
chapter outright. So it's definitely putting
crypto on a pedestal. Where is the I'm trying to find
the web. Ah, you posted it.
Got it. OK, I was looking.
I'm looking for the website the GOP.
Yeah, I know you posted a link in like the lucky trader
minutes. Not a link, a screenshot, but
there was a website. It's on the official.
Website. Is it a weird?
I don't really understand where this website is working to.
That's what I was looking for. I know Nick Carter went back and
forth with bank lists yesterday talking about because they were
asking like where he found that and then he there he goes.
So so this that's the tweet, right?
I mean, quoted that tweet and he put the link and I got it.
Don't worry. He goes official Republican
Party platform on crypto. Couldn't really ask for anything
more. So end of crypto crackdown.
No CBDC right to mind, right to self custody and then right to
transact freely. Champion innovation.
Republicans will pave the way for the future economic
greatness by leading the world in emerging industries.
Crypto Republicans will end Democrats as unlawful and UN
American crypto crackdown and oppose the creation of a central
bank digital currency. We will defend the right to mine
Bitcoin and ensure every American has the right to self
custody of the digital assets and transact fee from government
surveillance and control. I mean now there you go.
That's the official link. Now you can officially say like
crypto has become like a political like like a it's, it's
a way to get votes like now it's like or more official than ever,
right? Is that is that fair to say?
I saw this on Keith Grossman. 'S page a a major issue right to
be included in their official platform document.
And again, there's there's only a handful of sectors mentioned
in this and like this, this is a streamlined document.
It's only 16 pages and that includes two title pages.
So it it's a very succinct and concise stock.
Not all that much. It is is, you know, laid out.
So if you are mentioned in this, I think it does mean it is a
major issue. I was scanning that the Democrat
platform this morning. I don't know, they have an
official crypto sense. I'm going to have to dive in
deeper. I think there is really an
anonymous on them to respond here.
I'm curious if we will see an official Democrat response.
You know, if you are looking at this election from just a a
singular crypto lens, looking at the single issue, it's hard to
argue with this. I mean, it's right there, right?
Like this is the official website I'm sharing for those of
you who don't know at this stage, but you know for sure,
we're live on video. We've posted the stream myself,
Tyler, and it's on, we're on YouTube.
I agree to YouTube but champion innovation like this part five
of this GOP platform from July 7th, which was two days ago.
It's really above artificial intelligence.
It's #1. Yeah, it's the first thing for
innovation. So it's like this is not even
taken science. It's just like one party is
clearly taking a stance here claiming that.
And look at the end of the day, people do whatever to get votes.
So we'll see once that's that happens.
It seems like they are fully. Is that is that what it is in
the US? Like once this goes out, this is
what like their promises if they become president?
Is that like the thing? That's the thing.
And so their promises. But there's not like anything
holding them accountable to this.
So I think that's one of the common criticisms that echo this
is just posturing. You know, they're just going to
lie, blah, blah, blah. But like, if you take this for
for what it's worth, written down on paper, it's hard not to
root for this. One paper, now we have one of
the two parties that is pro crypto, let's call it that,
right? On paper.
I liked what Keith said. He said for those claiming
crypto does not have real world use case, you just got one vote.
I think that hit really hard. I mean, he's not really wrong,
right? Like he goes, but there is no
need for this technology to be politicized, which I like as
well. And it's not too late for the
Democratic Democratic Party to realize that the vilification of
an industry fabricated by a few individuals within their party
does not represent Niko Sim's whole.
So I I thought that was an interesting post as well.
Like that's really one of the things for crypto that was it's
it's getting votes. And and I think the fact that
for this election is getting a lot of attention on it from
around the world, crypto to become one of the like literally
things, you know. It's an important signal too.
I mean, I think there's still such huge swaths of the
population who view crypto just a scam and it's all this fake
Internet money and it's just scammers who work in this
industry. And the more that like political
leaders talk about it and and put, you know, real thought
behind it, it continues to to break down some of those walls
or or prejudice against the industry.
It's things that take time, but you know, put it seeing a
platform like this listed in their official doc, I mean, it's
one of those things that it's another domino that continues to
to fall. So it is a big deal.
I yeah, I mean the right to self custody is a big one.
What is it? What is it the state of Oklahoma
or what was the state? Remember we talked about it, the
crypt covered it, that that wanted to make this like a Oh
right, like a, like a. Human.
I think it was Oklahoma, yes, just in front of it.
Yeah, yeah, that's it's interesting.
I saw do this also, of course, like share some thoughts on it.
So it's just it's just he says I plan to support the pro
Financial Freedom Party this election.
Sorry, not sorry. It's like, you know, it's, it
feels like a lot of people will be voting like that.
Yeah, so like so Pecky McCormack, he is a writer.
He he describes himself as a techno optimist.
He's an investor. He does a lot of things.
He has one of the best newsletters out there.
Just a really strong thought leader.
I wouldn't describe like he's not in crypto Twitter.
I think he he's, he touches crypto, but it is bigger than
that. And he commented on this
yesterday, basically screenshot of this page, this entire
chapter and just said this is my politics.
So like this page is, is resonating with a lot of folks
in in different sectors. So they it's well written.
If they actually did deliver on all this, again, a different
question, but I think a lot of folks are in support.
Yeah, it's dude, it's a it was a big stand.
So that happened yesterday on the on the politics did did it
move any of the qualify coins 'cause you you I know you have
your pulse on it didn't move any of the tramp trump stuff.
I mean actually Tramp was up 10 points on that and the.
Yeah, it's hard to say like if this is really what's what's
driving things. I think the biggest movement is
Biden is just like, like the old man, like yelling get off my
lawn like, but it's I'm not stepping down.
So Bowden is at 40%. Bowden is at 47% holy.
Shit, and all the polymarket odds have swung back.
So all that, so I saw is it true that the the the him running is
like 75% now versus 45 or something bring?
Him down to Let's see. There you go. 71%.
That was almost a lock last week.
Others. Mando.
Let me bring him up. Let me bring Mando.
Oh, no, he froze. Oh, Mando, you froze.
There you go. But anyways, Tyler, this this is
like it's. A huge difference.
Kamo got up to 42% and Biden was down below 40.
He got up to like 75% to drop out of the race.
Those odds are back down to 40%. So he he's back in the lead.
I'm not buying it. My personal view is that there's
still a long runway till the DNC, which was still my mental
model of where he would potentially get pulled if he
does, which is in like August 19th.
So we still have over a month. So I think we're going to
continue to see this like him posturing.
This is probably how he feels. We'll see if the other powers
that be in the party are able to, to, to be more strong about
it. I don't know exactly how that
would work or, or play out. I I still will be surprised if
he is the the candidate in in November at this point.
Yeah, I guess. I guess we'll see.
Let me try Mando again. No, I think, Oh, I think his
Wi-fi's bad. Good for Bolton holders.
Thought Bowden was dead in the water.
Did you see that tweet, that one tweet about the Bowden holder,
that round trip, Four and a half million.
Did you see that one? It it's hard because I've also a
few bags not to that scale, but to that percentage.
Yes, same, but that is wild. So folks, this is insane and has
to mark the bottom. The address round trip four and
a half million bowed in worth over $4.7 million at the top and
market sold it last night at the lowest for 109 K.
That's 98% from the value lost. Hey dude, so that person wrote
the four and a half million at the 100K.
Let's see what we talked about yes, remember we said we round
tripped and there's going to be a lot of round trip.
That's the remember when I said on the show like there's going
to be a lot of people round tripping the mean bags like we
did NFTS? That's the only one of them.
That's about as bad of a round trip as it can get it.
And then they all. Yeah, you can't really get
worse. And then they're then it's back
up 47% I got. It Oh no, he must be fucking
sick. So, yeah, I mean part of that's
probably because of of that cell.
It's like a. One of us, one of us, if you're
listening to this, and two, we're with you, brother, we're
sister. I mean, the chart looks
terrible. I got it.
Let's not like, let's not say like it looks like the strong
coin means yeah. It does not.
He left some cash on the table. Well, clearly he left a lot of
cash on the table. Utter devastation, though.
Like to have a quiet. I mean, I don't know this
person's this entry points. I don't know if we see it on the
screenshot here, but they could still be up on the trade.
You know, if they sniped it. I don't know where they got.
It really I. Don't know where they no he
bought 20K no so he bought 20K worth so he actually.
Lost. He's down 50%.
Yeah. Shit, that's brutal.
He lost 180 K on the trades as well.
Fuck yeah that's some lost porn right there that's for sure.
But. I guess you got, you got to
start, you got DCA out, I think on the way out, on the way up.
Oh, four and a half million is enough.
I think the Twitter will tell you El Mayo, it's not enough.
With $4.7 million, a lot of money, man.
You can do a lot with four mil. You can definitely vacation in
Europe every summer for a little bit.
The worst part is like 4 million, like no one ever going
to sell the top. So like you put that aside, but
like you had I'm looking at the turn out.
So there was a basically a 3 1/2 week period where you could have
sold at like within 20 to 30% of the top.
So like you remember it's all top, but you, but you have like
a, a, a multiple week window to sell within that.
Like that's where it gets a little tougher because that that
actually is doable to do. Yeah.
So like that's 2,000,000 bucks, you know, 2 to 3,000,000 bucks.
It's still a healthy junk. Yeah, that's look, we'll fuck
dude. Many such cases are about to
happen anyways, so so we'll. See me and my pups bag
basically. Yeah, but we didn't pay for
that, did we? I mean, I don't know, I, I, I
market bought mine because I didn't get mine from the, the
the ordinals. Dude, I'm down so bad on that.
I mean, I'm not down because it's free, but it's just like I
don't even want to look at it. Let's just wait for Bitcoin to
go with 100 Ki mean. Look at.
It here's a here's some hoping for you when Bitcoin's 100K
Shirley pups is somewhere. Speaking of that, what's up with
RSIC? May as well segue into another
one of your topics you had today.
So tell me because that's another one that round trip
pretty well. What's up with RSIC?
Yeah, there's a point where RSIC is one of my biggest positions.
So just in Full disclosure, and I'm still holding on to it
sadly. So I'm also round tripping this
one. What?
Happened I was turbo, turbo. I mean, I still, I'm bullish on
that, but what's going on there? Yeah, So they basically had been
radio silent since the runes launched.
So they executed a successful launch.
They won some brownie points in the community by helping other
teams launch their tokens because it was not an easy
technical feat to do. But then over the last month,
four to six weeks, the the chatter started to grow like,
OK, what are you guys doing now for season 2?
Like we, we've got these NFTS that they're, they're miners.
They're still mining something. We don't know what they're
mining exactly. These NTS have rarity on them.
What what does the rarity mean? And we just haven't gotten any
answers whatsoever. The team does their cryptic
tweets. They they put out the 8 ball.
They they finally have posted a tweet yesterday with a little
bit, but it just says play. OK, so so now it it looks like
they may be turning this into some kind of a game.
The market has not responded. Hear.
Me out game fi on Bitcoin. Well, so the the very first one
of the first buy thesis or as I see was this is the loot of
Bitcoin. We know where.
Loot was. It was like nasty.
Lost porn? I think the biggest lost porn in
NF TS last cycle was some of the loot bags.
Yeah, the charts look similar. So it's also playing out like
diluted played out because it was still a big air drop.
I mean it came out at like 200, two, 150 million market cap went
I think it hit across 300 million at peak.
Now it's down around 80 million. So yeah, it's down about 75%.
We'll we'll we'll see what they come back with.
It's a team or I think they could salvage it like this is a
salvageable bag I believe. This is a salvageable buying.
I actually agree with you, but I mean look, Bitcoin dominance
lowering and the rest of the market going higher literally
means that Bitcoin and its assets are going to go lower.
Like it's just how the name of the game like you can't expect
puppets, pups and all right, like ordinals ruins to really
grind higher with let's say Etho and their betas.
If that's a Bitcoin beta, right, This is why I see it.
I'm like, well, the grass was green on my Bitcoin bags when
Ethan sold were down because Bitcoin was cooking it.
And now my Solano bags are, let's say, grinding higher.
Obviously my Bitcoin bags are lower.
I think it's good. Just gonna have a basket of
everything, right? What do you think?
It's even like I think like beta may not even be like the right
word because they're literally denominated which are tied to
the price of Bitcoin. So even if your rune holds, even
in SAS, if Bitcoin drove by 10%, you, your, your room just
dropped by 10% as well. So then that doesn't even
factor, you know, any negatives or additional cell pressure that
would come on a day where Bitcoin moved down by by 10%.
There would be some and that's why the violent down moves are,
are so strong. But the, the opium here 'cause
it's opium is if, if Bitcoin does start going back up, which
which many believe it will exactly when that's going to
happen. It it, it works good on the
upside. So again, these these are
denominated in sats tied to the price of Bitcoin.
So if if Bitcoin goes back to 70 K, that's a 30% move.
If these rooms hold even they're up 30% as well.
And then like that's not even accounting for additional buy
pressure. So there's still a well liked
team. They've got the the upside
potential with a movement in Bitcoin.
They're going to have to deliver something.
My personal thesis for this one is if they didn't, they had to
to announce what the project was or do something for Season 2 for
this coin to do well, they haven't done that and that's why
I think that we've seen the performance we have.
What's this I know a guy is comment commenting at us saying
they etched rule #21 ticker RSIC season 2 on having day.
So we definitely we're mining. OK.
So we're, we're mining OK, We're mining RSIC Season 2 tokens.
Well, I don't. What does that mean?
Right. So that's my counter.
So we don't even know what the tokens we own are, let alone
what these season 2 tokens are. So like at some point you have
to tell us for for people to buy this, buy this thing.
Yeah, it comes. I don't see personally speaking,
as soon as I saw Bitcoin dominance dropping I knew where
my ruins and or those bags were going.
Yeah. I'm not like, I just, it was
like, OK, like that's what's going to happen.
Yeah. I mean, the puppets are still
above .1, which is not bad. Point 12 or something like this.
Let's let's take a look at ordinals a little bit.
A little bit. Let's look a look at the
ordinal. I I thought last time I saw the
Quinn cats were holding. Well, yeah, I mean, quantum cats
are .25. No, monkeys are .16, puppets are
.12. I mean, healthy retraces across
the board, right? Big retraces, it seems like
they're somewhat steadyish here, so like puppets haven't really
dipped back below that .1 level. Well, I'm cats feel the
strongest. I have to admit I don't hold it
anymore. They got the proposal right for
Bitcoin and everything, they got OPCAT and everything, so that
makes sense for me. Yeah, they're holding up .25
through this brutal downstretch. And I mean they're that's still,
I think they meant it for .1. So anyone who minted is still a
big. And the thing about them is that
they didn't have that parabolic run up.
I don't think they ever really got.
They might have briefly passed like .4 for like a.
Day or 50%? Only barely. 40 maybe?
Yeah, which is also good 'cause like then you've got a better
holder sentiment than like node monkeys.
Anyone who bought nodes at like .6 point 7.8, right?
It's just down so bad sound clops.
So they feel the strongest. If I had to pick one collection
to really boom in the near term, it's them.
But higher ROI OPS I still think like puppets and nodes still
kind of jump out to me from a pure ROI standpoint.
I mean, if you think we're going to have a run like the last one
or similar to by default you think NFTS, some NFTS will have
a run as well. Then by default on Bitcoin, you
go towards the Fantastic Four of Bitcoin, which is like puppets,
nodes, Quantum cats. And why am I?
OMB. No 1B, thank you.
And now there's the Billy Cats I'm seeing, which is probably
tied to that room. I haven't played that room, but
Prince has been doing good. So there's a few collections,
but to me like that, there's four like the four, right?
Usually that's what at least they were a few months ago.
I'm I'm going to apologies to to Billy fans out there.
I think that the core issue with Billy now just find your backs
too hard because there's another Billy token.
The Billy token on Solana has way more mind share.
Because there's the Billy Cat token on.
I think it's hard for two coins with the same ticker to both.
I mean, especially when the Solano one's way easier to buy,
you know, and it's been doing pretty fucking good you got.
Rasmor out on the street pitching it to the objects.
Rasmer's doing the the Rasmer by the way to Speaking of which,
just want to tell you by fantasy top team that I put in that
second one I ended up putting in is cooking Bro it's 7th right
now. Nice, that's the.
One where it's Rasmer, Vadamo, Rasmor Alon or A7 Hero I.
Think it would be me? That they're, they're cooking.
So love to see that. Speaking of which, two things,
let's talk about fantasy top real quick and blast cuz let's
go over cuz it was blast distribution.
We don't need to go over too much, but love to see fantasy
top getting the biggest distribution alongside thruster.
And then let's talk about and then let's get let's get let's
get to to the ETS, Solana and and East.
But what's up with blast? There was like a big
distribution announcement. Yeah, Phase two distribution
went out last night. A few one they confirm very
purpose is of supporting devs of mobile dabs and incentivizing
users to use mobile via the Blast app.
So that is a switch from season one or phase one here to to this
phase. So, so pay attention to that.
That's those are the apps we're going to get rewarded the most.
10 million gold in total given out 500,000 of that earmarked
for new dapps, Thruster and Fancy top big winners.
Not surprised to see thruster up there.
I think some surprised to see fancy top up there.
I think it wasn't necessarily a lock that it would be 1.2
million gold each. Then I think Wasabi was a huge
mover jumping up to that 800,000 gold level.
A lot of games up there right? So so captain company, wolf
game, Yolo all in tier. IKB, you have Andy and IKB with
the gambling, the sports, sorry, the fantasy sports.
Yeah, fantasy sports and and the pick on.
So that's a huge win for IKB as well.
One of the big winners D1 got got totally naked, which I think
a lot of folks. I think I saw teams and and and
I see OB celebrating that. I I have.
It was hilarious because that team really fucked it up, didn't
they? Yeah, they didn't get out their
gold very well, basically like they, they turned it into this
mean coin competition. I honestly, I, and I wasn't
really paying that close of attention to it because I wasn't
in those streets. But it seems like they kind of
screwed over all their users didn't get sold out.
Well, the the other caveat here that's important is OK for one.
So like, let's set the table, set this to stage things gold.
This gold is worth much less than we thought it was.
Going into so the only. One I saw stats hasn't done it.
We're probably not going to get a stats post.
Come on. Stats A raving ape.
I think it is a deep farmer. He put it out a conservative
$0.25 per per blast gold as which I like.
I like that number. Are you?
Being realistic. Because like, I mean, it could
be lower, yes, certainly it could be lower, but that
actually feels like a number where we could be surprised to
the upside. So if you mark all those
allocations down to $0.25 and you just kind of position
yourself accordingly, it feels like you can make smarter,
smarter trades and smarter moves versus when we thought gold was
going to be 88 to $10. So that was a notable 1.
And so that means basically, oh, the other aspect is that this
goal all has to be given out by the 1st week of next month,
every single month. So for these Depps to get their
next allocation, it has to be 100% distributed, which is a big
deal because the teams were not doing that in this last round.
And that's what led to huge accumulation and and give out at
the end. But now, you know, so like
you've written gold to $0.25. OK, well, that means fantasy
tops got $300,000 to give out this in the next three weeks,
not even a month really in in three.
Yeah, the prizes right on on top of this.
So I think for fantasy top, I don't know that we've seen a
whole lot of buy pressure on the card.
Curious if that comes back. I think my general read is
everyone who's got the decks who's just going to keep playing
them. We're just going to keep running
this thing out. OK.
Texas will be interesting to watch.
Texas is hard to catch. So you kind of have to be
terminally on play that, play that game And then for heroes
the the revenue share. So if the revenue share checks
overcome, that'll be a nice little STEMI as well.
OK, I'm not surprised. The fantasy by the way, getting
the top thing because it's been the fantasy in my opinion, has
onboarded more people to blast that were interesting than than
most the apps, me being one of them.
I would agree I most fun, most organically fun.
It, it involves Twitter, the influencers, whatever you want
to call them and involve being active and makes it fun.
It look at me like yesterday, I was excited to play when you
told me last minute to get involved.
Like I think it, it, it has this excitement around it If at the
top of every month they're going to be involved.
I like it. I, I, I want to see them win
because we need those games to survive more than just, oh, an
incentive of gold, right? So.
I like it. I hope, I hope, I hope this
continues. And last but not least, I mean,
I mean like the, the big, the big hopium, right, The big, big,
big, big, big, big, big hopium, which you see, you guys are
going to see me retweeting all the news about it.
I mean, Solana again at the at the head of the top of the
conversation, while, you know, of course, like Etts could be
approved any minute now, any day now.
But Nate Jurassi pointing out interesting to see global head
of ETP listings at CBOE comments on Solana ETF 19 before filings.
Nothing you not something you see every day.
And he said we are now addressing the increasing
investor interest in Solana, one of the most actively traded
cryptocurrency after Bitcoin and ether.
So it seems like Vanek and 21 shares both applied for for
Solana ETF. So we got a post by Matthew
Siegel, who's the head of digital assets of Vanek saying
we at Vanek are pleased to announce that CBOE just filed
our 19B4 to list and trade shares of the first Solana
exchange traded fund in the US. We look forward to engaging with
the SEC during the review period.
I mean, dude, Tyler. Huge.
Massively huge.
I think we on the show, I think we we all are pretty much
aligned that Solana is a big three blockchain at this point.
That's certainly how I feel like this kind of helps cement that
as a reality. I believe I saw a different
tweet. I haven't seen this totally
confirmed, but I believe March 2025 is the deadline for
approval of these. So that that gives us a sense of
a timeline here. Is this not going to be
something that gets done in in the immediate future?
Many think that it's basically going to require a a Trump
election win to go through. We can put that aside for now,
but basically so winter 2024 I dubbed many on many occasions
Solana winter Solana was a huge out performer.
That's when Solana meme went off March, the end of March, end of
Q1 was the top for this meme cycle.
It seems like we can have that same set up now in 2025, right?
Like leading up into the potential right March, it could
play out very similarly. I think we were talking to group
chats. So like when if you are going to
start DCA ING out of Solano, when do you do it?
Is it before that approval? Is it after?
My mental model is still cycle top like Q 4/20/25 so the the
price is certainly going to play a factor in all this for as one
to potentially sell, but man. I'm going to DCA out from Q2
slowly. Simple.
This time I'm going to try and stick myself to out.
Fuck. Sorry I cut myself.
Why am I playing with it? You said Q, sorry I missed you.
So Q2 20/25/20. Five, I think slowly, DCA out
slowly. Like very slowly, that's why I'm
telling myself now, because I know I won't do it.
So I, I'm like trying to force my brain to start telling itself
that, you know, around summer 25, summer suck.
So it's, it's OK. You know, give me, you know,
soon as I get my targets on Seoul, like I have a few
targets. I have a opium target, which is
like the $1000 set that everyone's like sold on to 1000.
But surely if everyone sells sold on to 1000, then
everybody's going to dump it on me before that.
So you know at. 989 hundred it's.
Free dude, I can forgive it. Handsome Solar is Solana dude
already. It's so.
Here's the other factor. Everybody's like, no, everyone's
selling. They love to rebuy the dips.
Like I get all that. You're not.
They're gonna love rebuying it at the next high.
Like 70% higher is where you should buy it back.
Of course and like so we, we haven't lived through this, this
an ETF bear cycle, right. So like there's a the real
chance that the, the lows are are dampened, right?
Like that we don't see like the 8090% pull backs from, from
prior crypto cycles in an ETF world in that it could just be,
you know, more like traditional markets.
So in that scenario, like do you really worry about selling cycle
tops as much? I know like talking heads, we
have to come in here and talk about it, but I think it's
potentially a new paradigm. I think if you have a plan to
DCA out just like you have a plan DCA in, you could never
feel bad for selling and living your life.
Sure, but like what did you DCLDCA out to cash?
Did you DCA out to Bitcoin? That's a good question.
I mean, I, you know, someone give me really good.
Like I think it was Benny. I was talking to him on the
phone with somebody else about something last week and he
actually gave me really good advice.
I'll share here, he said, because a friend of mine like
had a pretty good cash event and wants to reinvest in the market
right, Because right now is a great time in my opinion.
Obviously you know that, but it's a good time to buy some
coins in my opinion, non financial advice, yadda yadda
and all that shit. But he was like, you buy a third
Bitcoin, a third ETH and a third Solana when Solana outperformed
ETH right? You sell the soul like once it
pumps crazy and you buy, you put into ETH, then Ethan's going to
perform, then you sell that you put into Bitcoin, and then you
keep the Bitcoin until you feel like the cycle's slowly coming
to an end and then you sell that Bitcoin.
Easier said than done, but I actually thought that was good
advice, like sound advice, right?
Because if you think Swan's going to perform, which is my
bet, and I know man, don't know if you're aligned, I think
you're aligned with that like Swan outperforming Ethan code.
That doesn't mean Ethan's not going to go to 10K.
It just means in terms of percentage or X, SWAN
outperforms. It's actually not a bad plan.
So you're right, like you could DC into Bitcoin.
I don't see myself ever not owning a piece of crypto crypto
at all. So you're right, like maybe at
some point DC half of it to cash of it to Bitcoin.
But I, I, I, I have learned from last cycle at cash's game
because I didn't have what I wanted to have.
I wish I had this cycle, you know?
To buy the to buy potential dibs or.
Always tells me like a wizard who has a club in the Hamptons.
Always tells me and reminds me. Does he does he have a club?
He has a club in the Hamptons. It's it it, you know it catchy
Shubi, I think it's called. But you know, it's you know what
it is? It's he's a he's a profit Maxi.
He always says and he always has cash in hand to buy back.
That's not bad. I find like like, you know,
you're never going to you're never going to regret opening
your bank account and being able to book that trip and being not
making a dent in your finances. You know what I mean?
Agreed, but we're approaching a world where you'll be able to do
that on chain travel swap, right?
So you could you could go to USDC.
I have a call with the founder on the USD.
I have a call with their founder today.
That's funny you mentioned that. I saw it on my calendar this
morning. I thought it was funny.
Look, I love that the comment. Where's the club in the
Hamptons? That's funny you mentioned that.
I saw. I opened my calendar.
This one, I was like, oh, we have a call with this guy today.
But anyway, so there's that, right?
So I think we'll see, we'll, we'll be talking about it then,
that's for sure. What's the latest on the ETTS?
The ETTS news 'cause I know he talks on ETS.
So they're saying like it depends on the political party
and it depends on also it's the, the deadline would be March
2025. So we're talking really far.
The reason why we're bringing it up is while it's just a
narrative right now, just to imagine is enough to have a
price impact. And that's how I see it.
That's the mentality of the market that that that's why I
push it that way. Solana holding strong at $440
while because it's a 57 Ki like it.
So anyway, so we'll see. But Vanek, everyone are filing.
The rumor has it that BlackRock is filing.
I think that's when you're going to see a quite a pump on Solana.
So we'll see. But rumor has it that
Blackrock's filing. No one has the actual.
So, so we'll see. What's the latest on on ETH
though, 'cause I think we're at that finish line here.
So yesterday all of the spot ETF applicants filed their updated
S1 forms, which is typically one of the final actions to take
place. So it looks like imminent is the
correct word. It could be as soon as this
week. I think most are calling for it
to happen now in the next, within the next two weeks.
So by July 20th, you know, we're going to have an ETF and more
hopium because today is a hopium show.
I've seen folks like like scenic.
I think Scenic is a very sharp trader.
He was talking about how crypto Twitter consensus take is that
flows will be bad or ETH. He's saying that that's priced
in. So he's like, So what if they're
not like, what if, what if they're good?
Like so like what happens in that scenario?
And he's saying bid memes. I, I totally agree with you.
I we're, we're, we're within a few business days of them
launching. We're July 9th right now.
They were saying by July 12th, it could be by Friday, worst
case is Monday, Tuesday like next week, right?
Like we could open the market next week with the Ettfs.
It's definitely priced in that the floors are bad.
And I thought that the Grayscale mini trust was good.
That means that they're not going to dump it all in one go
right away, right? Isn't isn't like a positive that
mini trust that grayscale set up?
As I understand it, it means that 10% of their supply will be
locked up, so there's there will be less cell pressure than there
would have been. There's less cell pressure from
Grayscale. He's fully retraced the ETF pump
and then some, I believe because ETF was 2800 a few a few days
ago, right? I think he's been there.
Yeah, it was 2817, right. So when was the news was here,
You see this candle here, that fat candle, that was the ETF
news. That one, we not only have fully
retraced it, but we've gone lower.
So we're now trading at the exact same price as when the
news came out, dollar per dollar ban for ban.
Literally look at it here. We're right there.
What do you think happens when slash if there you go, listen,
we're literally trading there. We're at that support at that
resistance right there, right? What do you think happens when
the ETF flows are positive? We Candlestick up big big green
dildos on on. The charity just kind of.
Talking me into it. We reverse Bart that bitch.
That's what happens. That's what happens.
You know what happens? I mean, how do I draw, damn it,
I don't use this. I don't trade it off.
There you go. That's what happens.
MF first when when the positive
flows we're going to. Cut.
This is a realistic outcome to me.
So I guess like the worst case is like it's a launch and
there's more outflows than we expected and the price goes
down. So that is a possibility.
There's also a possibility that the inflows are surprisingly
good at least at the beginning and and we stomp.
So you're going to have ETH surge and then you're going to
have ETH betas. I think you got to think the ETH
betas we pray. This is called the praying
formation. We pray, OK?
France is going to need some of those formations today, I think.
We are, we're going to win. I, I, I got my money on France.
We're going to win. OK.
I'm going to go watch the game with my mom, you know, be good
vibes and we're going to win anyways.
So I think, I think that's a good roundup.
I think. Shall we pass to the robots?
Is it? Is there anything?
I mean, the messy thing I want to hold for tomorrow.
I don't because I know Mando's a football fan as well.
I want to talk about this messy shit doing that.
Messy's playing. He's playing.
It's Canada, 8:00 PM Eastern Standard Time, semi finals.
Cope America. Dude has probably no idea that
something like shit coin was posted on this thing.
Mando. Where's Mando?
Mando showed up and his Wi-Fi was trash.
I don't know what the fuck is going on in Portugal dude.
Men's. Men's can't get a break with his
Wi-Fi, that's for sure.