Yo-yo, what up, what up? Good morning, good morning.
GMG 2 Wednesday. I'm leaning towards Wednesday,
Wednesday, Wednesday, January 8th 25 do that another beautiful
day to have a beautiful day. I go back close to the house.
Tyler Beddo, good morning. How you guys doing today?
Fantastic. How are you?
Doing great busy AF like so busy.
Honestly, guys like it's it's a lot, it's a lot, but it's fun.
But doing fantastic busy is good.
Tyler, how you doing this morning?
I'm good. It's it's been a busy AM today.
Some some big action on the board already.
And hey, it looks like maybe we're we're starting to reverse,
Yeah, a little bit here grinding up so.
You know, it's a scam dump where none of us could understand
where it comes from. Like I woke up this morning to
reading the formal our chat. That was you, you guys talking
Sims, like everybody was trying to like dig into like where this
dumps coming from and no one could come up with like the
right explanation. That's how you know it's like
this dump comes out of nowhere. It's like what's going on?
Usually there's like there's always someone that's got some
piece of data. You know, it's saying it's
saying, oh, oh, shit, what's going on?
Wait, anyways, yesterday I was like, OK, wait, they're cutting
the Internet in Taiwan? Oh, no, good.
But wait, at the same times there's like fires in LA.
No, that can't be it. But wait, at the same time,
there's fucking Trump talking like all this crazy stuff about
Gulf America and take it over Canada.
Can we just talk about how Donald Trump is the greatest KOL
the United States has ever had? Tyler.
We had to stop what we were doing on underexposed and just
read the Bloomberg was live tweeting all the the good quotes
in Trump's press there yesterday at Mar a Lago.
And it was one of the wildest stretches of of 20 to 45 minutes
that that I can recall. He's talking about, you know,
taking over Greenland and not ruling out military force.
And now he's going to drill and allow the areas he's going to
take over. It's the Gulf of America thing.
It was. And it all started with like
serious stuff like, oh, he wants interest rates are too high and
inflation is too high and he wants to deal with that.
And then it it went to a little bit more imperialism.
Listen, can't, can't, can't blame a, a, a, a country's
leader for caring about his country first.
You know what I mean? Like that's, that's my read on
this. I was talking to the boys this
morning that like Mando and and some of the boys like, since
when have leaders of countries become such weak people?
You know, and I think that's why they don't like it's like
someone's coming in and he's like putting his Dick on the
table and be like, yo, this is what I'm going to do.
Fuck you guys, you know because I was watching a video of they.
Invade another country. No, but it's not just that.
But you know what? He's playing the game.
You know what he's doing, right? If this was any other leader of
another country like imagine that was.
Putin, America, Americans do whatever they want.
This is the wild. Stuff.
This is the most, This is the most powerful country on the
planet. That was becoming a laughing
stock. Such is mine, you know, You
know, we're top ten by market cap.
So it's not. I thought Canada was way lower.
We're top ten coin on the global GDP.
OK, put some respect on my country.
But see, see, this is how a leader is supposed to speak.
See, if I was Prime Minister Canada, I'd be seeing some wild
shit like that. Yeah, just say we're going to
invade Russia. Shoot from the not Russia, but
you can do it on Greenland. What's Greenland going to do?
What's Greenland going to do to USA?
Poke them. It works because everyone knows
that like it it's Trump and he just exaggerates everything.
Although there is like the reality is there's like 25% like
true. So like yes, like he clearly
wants exposure to that in Greenland.
I I think that it's the shipping routes is that I was digging
into the importance of those. Well, Greenland's a very
important place because of chicken rats and the route to
Antarctica or some shit or the Arctic or whatever it is.
I forget. But but you know, listen, this
is what you got to do, man, though, to restore some fucking
respect on your name. Like sometimes you got to say
some wild shit, you know what I mean?
Remind people who's boss. Like, you know, like America was
like being laughed at, you know, Sleepy Joe, there's no country.
There's no fucking thing. Look at that.
Like I might now. It's like, oh shit, this guy's
like talking about fucking us up, you know, like Canada has
some of the biggest national resources on the planet.
He's being disrespected. But we got more oil than the
Saudis. But we don't own no soccer
teams. Fuck anyways.
It's going to be. Called the Etihad, Etihad
Stadium. I'm going to turn that to the
Tim Horton Stadium if I'm Prime Minister of Canada.
So you, you want to be, you want to be part, you want to be part
of the states. You know what I would do though?
No, but I think like a proper merge, you know, I, I know a
thing to talk about merges now that we've merged with the
crypt. So you know I.
Mean. Business running it's it's let's
be honest, running a country needs to be treated more like
running a business. There's a GDP, there's there's
people, there is an economy. Like honestly dead ass though.
Let's be for a second, like all real stuff part.
Don't you guys think that countries being run more like
businesses and by business people that actually have a
track line of success is better than just some dude talking
about like peace and love and like what they tend to do and do
nothing? Probably depends on your like
philosophical mindset of big government versus small
government, right? I don't know that's necessarily
why how it was established. I think that's kind of where
we've gone. There's different camps.
I mean, I'm I'm more in favor of running it like a good business
than. Yeah.
Than some of the alternatives. Also like I like what Kelly's
doing. Bro came in, peaceful dictator,
put all the drug dealers in jail, all the gangs, wiped out
his country, you know, cleaned its slate and how people want to
go to El Salvador again. You know, I'm just saying I may
or may not be talking about my political ambitions on here as I
prepare for, you know, I am 2% on Poly market.
There's a 1.6% chance I become next prime of Canada.
So I need to like play. That's my favorite anyways.
You know it's a joke until it's not.
I might have to brush up on my on my global politics just to
keep up with the show. Oh my God.
Anyways, that was just, I'm not because I was talking about this
board anyway. I was looking at this clip of
like this, this incredible woman in in in the in the UK that like
put the PM up back in a spot by making them really good, well
worded speech. Actually, I found out Elon's
thing and I was like, since when do we have weak people in place
like that? Anyways, what are we talking
about? This is a crypto show, right?
Oh, OK, so faroque leaving the country.
No, I'm leaving so I can plan my coop from Portugal.
Understand. I'm going to be eating
barnacles. Fucking planning my next my next
move from Portugal because it's not too far from Canada.
Then I'm going to come back. That's how it works anyways.
Mando's helping Mando. Mando may be the next finance
minister of Canada. I'm taking you with me.
Oh, yeah, you're you're going to see.
You're going to you. We're going to CTO Canada, dude,
we're going to CTO Canada. And you, you're going to help
with all that stuff. You know what I mean?
Tyler's going to be on the Canada like Twitter account and
he's going to tweet every day like the craziest things that
happened in Canada this week, like daily roundup, like Tyler's
top 100, but like within Canada. So we highlight what's happening
in Canada. You mean like, yeah, Ethereum
was born in Canada. Like people don't realize his
family migrated to Toronto, in Toronto, Duluth and all this
crew. So damn comes from.
You're welcome. Next thing is Satoshi's probably
from Montreal. Anyways, that show Daily market
report top 100. Let's talk about this market.
Let's talk about the top 100. I know Tyler's got a lot to talk
about. You know, all sorts of crazy
fucking coins going up this morning.
And then we have the robot loot box bin.
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macro daddy of the land. Can you dig it?
GM everyone so yeah, we we kind of continued the dump from
yesterday pretty weak start. We've we've kind of bounced the
stocks have opened, but definitely not out the woods
here Bitcoin where is it right now just went under 95 K again.
So we're heading back towards the local lows here for Bitcoin.
It is really over, yeah. So on the back to 197, I hit a
low of like 193 I think last night each each touch 3300.
So big, big liquidation. I think 700 or 800 million of
liquidations yesterday. So yeah, hyper liquidated.
I saw that in the on time, like a lot.
Too soon. That is not nice.
That's not nice. So and I don't, I don't really
know what's going on. This is something like macro
wise, it was weak yesterday. There are a few different things
pointed to as Farooq said, but nothing, nothing that was
enough. The, the, let's say the, the
more obvious stuff was that we had some better than expected
data, economic data come out of the US yesterday and that was
met with higher bond yields and that then caused stocks to go
lower. That could be one argument.
So other arguments that there's been a, a virus spreading
through northern China, although it's a virus that's been around
for multiple decades now. It's not like COVID where?
Aren't viruses bullish? I mean, who knows, but like The
thing is people looking at like, well, what the hell has happened
here to crypto? Then there was there was a bird
flu virus death in the US people pointed to.
So firstly, virus deaths happen all the time, albeit this is one
of the first ones to this current.
Yeah, Loxy's got loxy's out. Dude.
I my CEO has been missing for 24 hours.
He's got, he was, he's got norovirus, which is he's been
like on the yeah, it's bad. Like he's on the floor.
Yeah, Norovirus very different, but I thought.
He was like, I was like, shit, there's something going on.
No, that's that's the virus that makes you throw up a load.
Oh, OK, OK. I didn't know.
It was like, oh, well, the oral virus sounds crazy.
It sounds like an agent. Then you had, what else did you
had? You had the, I guess the
wildfires people were stressing out about, but that's anything.
Really that has nothing to do with market, but that is pretty
crazy though. Yeah, that was, that was pretty
crazy. And then, yeah, the Trump
speech, which, yeah, it was pretty unhinged, I would say,
talking about invading Greenland, invading Panama and
and trying to make Canada part of the states.
I thought that was no pretty authoritarian, I would say as as
a speech coming in. I didn't, I didn't, I didn't see
that kind really. Like I, I know he's, I know
he's, he says a lot of stuff, but I did not think like yet
saying we're going to take Greenland by military force
would be one of the first things he came in and did.
But maybe maybe you saw France come back today and basically
all of Europe say you can't do that.
But who knows, man, who knows? So all of those things was the
things that people were pointing to.
Not one of them would I would, I say is enough for what we saw.
That was one of the biggest dumps we've seen in in months
actually for for crypto at least like from a point of strength to
a point of weakness. There were a lot of liquidation
levels around I think 3300 on, on, on Seoul, on ETH, sorry, 195
on Seoul. And I don't know if Bitcoin
really hit like the liquidation Wicks, but maybe it was just a
clear out of of of 11 positions. We saw an inflow yesterday into
the Bitcoin ETF. Again, we've seen pretty decent
inflows largely. There's some more headlines like
micro strategies raising another 2 billion to buy Bitcoin.
Let's go. I don't know, man.
Like, I don't know. Like where's the dump coming
from? Like is it like I saw like China
cutting like some Internet wires to Taiwan?
So I was like that to me, made would make the most sense
because like a rise in conflicts in the East would cause like
some fuckery in the markets and the wet like, but no, it's not
that like so if it's not like this is one of those moves that
I don't think anyone would have caught man though.
But then Tyler, you sent me the thing that is my latest hope
you're so I'm going to share it. That's the best piece of hope.
You're on the timeline right now.
I'm curious your thoughts on this Mando that was really
related to the interest rates comments with Trump and that
last time he said that he moved the dollar down significantly,
which then allowed for high risk assets to run.
If I'm not missing you right, Tyler?
That's pretty much TLDR of this post.
We definitely want a weaker dollar, that's for certain.
Right now we've got a strong dollar, but I, yeah, I don't.
The dollar has been strong for a long time. the Fed, one of the
Fed vice chairs came out today and said he doesn't think that
Trump's going to lead to tariffs, that inflation should
be under control, all this sort of stuff.
So I don't think the Fed have been particularly hawkish, at
least over the last 24 hours. But yeah, maybe people think
about that with Trump, but that would be a bullish sign in my
opinion. Like that wouldn't be a dump.
Right. I think so faroke is bringing
this up as like a as a longer term bull case as I understand
it. I guess maybe help us understand
that because this is a little bit maybe hard to understand the
service like why would a president want a weaker dollar?
So it's the idea that he's it would be better for United
States businesses. Yeah.
So exports would be stronger obviously if you have a stronger
dollar place, if you to import goods from outside the US, it's
cheaper. So like you can buy lots of
goods for much cheaper if if in dollars if everyone else's
currencies goes down and yours goes higher.
So generally higher dollar would mean more imports, less exports.
And that's a big thing for Trump, right?
So he, he's been kind of on that for, for a while.
It's part of like his main tax policy is around, is around
tariffs. So, so that, that that's
definitely going to be a focus for him, like the strength of
the dollar. But at the same time, he wants
tariffs, which could lead to inflation, which would mean a
higher, higher interest rates. So he kind of is the cause of
this to a certain extent too. Like he can't be like, I want a
weaker dollar, but I I'm going to bring in a bunch of tariffs.
Yeah. Some, some positions, but it's
also interesting in lines of the, the, the Bitcoin reserve,
right? I think some of the criticisms
are that like, why would the US government want to adopt
Bitcoin? It would weaken the dollar.
And like here we have Trump saying that he's OK with the
weaker dollar, right? So perhaps that argument isn't
as strong is one of the negatives.
And of course there are more factors at play in the strategic
Bitcoin reserve than than just that.
But that feels like it's one of the key arguments, right?
I think that would be more like a dollar replacement is what
we're talking about. He just wants rates low.
He's talking about what he really means with a weaker
dollar is he wants rates to come down a lot.
That's what I think he wants. I don't think he wants the
dollar to be replaced by Bitcoin.
Sure. Well, that would be nice, but
this thing is not happening. All right, well, look, looks
like we still don't have an answer.
Maybe we can ask Grok we Have anyone tried that?
I mean there is a. One is crypto.
For sure look. There's something to be said
that if you the the Taiwan thing may maybe something, maybe we,
we don't know about that yet. But you know, if Trump's talking
about invading Greenland, China could easily just go say, hey,
we're going to invade Taiwan, right?
You can't really, you can't really say both at the same
time, Like, hey, we're going to take over Greenland and we're
going to stop China from taking over Taiwan.
Similarly, you could argue that that Russia and Ukraine gets put
into question like if if a country can just come in and say
hey, we're going to invade countries close to us.
Yeah. Like Greenland is owned by
Denmark and it's been owned by Denmark since the 1800s.
Like it's not like it's some like nothing plain.
Like they've, they've owned it for a long time and there's a
lot of, there's a lot of wealth there like they have, although
they haven't really got the, the companies to exploit it.
They there's a ton of oil, there's a ton of minerals with
Greenland and like you said with the Arctic thoring, a lot of the
people have been looking a lot at shipping lanes opening up
basically across the world via the North Pole.
Couldn't used to be able to do that, but that would cut a lot
of shipping routes down a lot. So you could get some very
valuable ports, for example. But yeah.
I think it's just, yeah, to be honest, my read and even
listening to you guys speak now, like it's just like, there's
this, there's this uncertainty. We're 12 days away from from the
inauguration. This perhaps is a dump that was
people thinking they on a graduation dump.
Maybe that is it like that that continuous sell off pre
inauguration to see what happens.
Then then obviously Trump comes in make some comments that are
little, you know, intense, I guess is that the word and and
and people get a little scared. Some people like to also fall
for the idea of like this is a top to getting liquidated.
Like even the best traders are getting wrecked in this market
because the PA has been insane. Mandel, right?
Like it's if you're trading leverage, good, good luck.
I don't know what this is like horrible, but it's too up and
down, you know, so so I guess I guess maybe that has something
to do with it. But one thing's for sure, it's a
far coin is back at $1.1 billion.
So we're fine. I mean my Solana bag.
Oh, it's right in the world. Always right in the world.
Fartcoin is up. You have these like AI 160
kilograms Z or whatever the thing and Vitali got a new dog.
That's all that matters. That's all that matters.
Vitali got a dog, you know, and, and, and, and clearly that means
that the market's going to go higher anyways.
Everybody hang tight. Don't get shaken out.
You know, cycle is not topped because every single person is
calling for cycle top. These are the rules and this is
how it works. Anyways, Tyler, let's see what
you got in store for us today. Yeah, as we've been talking
about, crypto majors are very red this morning in a major
reversal from Monday despite bullish headlines, several
bullish headlines. Let's go through those.
So first, a federal judge froze the SE CS lawsuit against
Coinbase, granting a pause until an appeals court could weigh in.
This is with respect to the Howie test and could it be
applied to crypto assets. We had the CFTC chair and crypto
skeptic Roston Benham announced his resignation effective
January 20th. Not a huge surprise.
Ripple adopting adopting the. Standard for its ripple USD
stable coin fidelity predicting that nation States and central
banks will buy Bitcoin in 2025 S fidelity is bull posting South
Korea wants to lift its ban on institutional crypto trading as
well so a series of bullish headlines there in token air
dropping protocol news not a whole lot hyper liquid published
a post addressing some of the recent feedback and criticism of
its protocol and its validators, though hype did fall quite a bit
on the day. I think it was down 17% Solana
L2 Sonic after a full day of trading $330 million market cap
2.16 billion FTV, so pretty solid open for Sonic and AI
crypto news. There was a lot so the overall
market cap down 10 percent 15 1/2 billion probably not a huge
surprise. Most leaders down 10 to 20% top
movers buzz grift AIC and P neuron sperg this new AI meme
large language model. It's just a joke.
It's it's it's a meme play, not an agent soared to $80 million
in six hours of training. It's it's the number one coin on
salon with respect to volume. So this one's catching some
fire. We saw alluvium announce it will
utilize AI agents via virtual's protocol for its games.
Abstract share that it's working with some of the biggest AI
teams to bring products to abstract Ava, the hall World
Team, they announced their own launch pool along with the
rewards for Ava stickers. I think that's one of the 1st
staking systems tied to a launch pass that sort of 200 million.
We saw Alchemist introduce a pump fund API, this AIC and P
token. Their parent announced a
strategic investment from via Bitcoin capital with the
investment arm of one of the larger Bitcoin mining companies
out there. And then Rex shout to Rex Gay
Rex AI. They reached 6th in mindshare in
AI just days after their virtual virtual agents launch.
So you'd love to see that in meme and NFT news.
Not a whole lot. Meme point meters down 10 to 15%
in line with the crypto downtrend on a huge surprise.
Shout out to SPXSPX. Was the only green meme on the
board when I checked. That.
This morning it's holding incredibly strong MLG, perhaps
the gaming SPX soared to 150 million yesterday.
That was a 400% move in a single day.
It's down to 100 million now. So a bit of a reversal and
correction there. ETH leaders actually holding up
OK, they're down. NFT leaders holding up OK, down
about 1 to 2% on the day. And then we saw Gabe Lane's
limit break introduce their new APP tokens as infinitely
programmable token smart contracts.
So there was a bit to unpack there as well.
So still a pretty busy day. Yeah, dude.
I mean, CNN like to the point we were making earlier, like
there's some pretty good headlines here, right?
The South Korea one, especially like this like what big part of
the crypto market being made there and stuff like that.
So some some good headlines here.
We can we start with the Robit code.
OK, fine. MLG code today because we're
back on Rafflebot, just FYI, because now that everybody's
back. So rafflebot dot XYZ Robit, you
know sponsors us obviously and we do loot box spins giveaways
every day except Monday. So we spend $20,000 worth of
spins per week. Y'all just so y'all know, I need
to do the math on how much we've given away last year, but I
think it came down to $1.3 million.
How bad? Yeah yeah, it was it was about
1.3 mil something like that. So and we changed 2 lives with
the crypto park. So you absolutely love to see
that. But anyways, MLG is the code.
Speaking of which, can we just talk about all these new coins
right now like this? This LLM shit?
Hold up. Funny, I'm gonna pull it up
'cause it's lighter. We already did the heavy.
It's lighters. Yeah, let, let.
It's like I I don't have to disclose shit 'cause I don't
have it. I woke up, it was already at 50
mil. Where's the Where's the daily?
There's your daily, ladies and gentlemen.
You know, that is so good. That is so good.
Tell me. More start.
I had to start a new rule so whenever I I find something big
enough to tweet about like in my mourning process.
You gotta buy it. You gotta.
Have to freaking buy it. You do that all the time.
Once again, I didn't do it. So like this thing was a 40
million like this new meme and I I, I thought it was funny.
I did. So I pulled up large language
model. It's LM is the ticker.
So it's of course it's a play on the LMS.
And then you see it's a fat Eliza AI16Z photo at McDonald's
and it is objectively pretty pretty funny this.
Is Trump's America bro like this is?
It was a 40 million when I checked it.
I was like that that's too high and now it's up double since
then. The volume is the crazy thing.
So this thing's done $110 million since 3:00 AM.
So it hasn't even been out more than 6-7 hours and it's already
leading volume. I think I saw 16,000 holders on
this thing already. So I don't know, like I don't
think this is just going to be a one day wonder.
I'm actually thinking about after the show, do I need to
open a position or at least look for a dip on this?
I don't know, I need to spend some more time thinking about
it. But this market is weird as it's
been and a lot of the established players have been
dipping like it's been good for new runners.
So LLM had this crazy run. MLG, like we just mentioned, had
an insane run yesterday and that that's one of the larger meme
runs that we've seen. I think, you know, UFD came out
like that. Had a wild one a couple of weeks
back. Oh, it's rebounding pretty well.
It's probably what it's like. Everything is.
But yeah, if you zoom out a little bit, yeah, go to the
daily on this one. So it came out, ran to
250,000,000, just a handful of days, went to 60 back up and
then went all the way back to 160.
Maybe it looks like a cup and handle if you're if you're a
charter. Gordon Garner keeps bull posting
this one. People like Ron, it seems like
he's going to continue showing up and running this thing.
It's got a little bit more of like it does have single person
like key man risk, I would say because it's so tied to this
guy. Who's?
But it's got, it feels like it's got a pretty strong group of
people. You know, it's not bad.
How are AI coins holding up today on on a day like today?
Because a lot of under 200 obviously is enough to like
scare some people, right? But looks like the coins are
holding up pretty well. Are they OK?
I get lost 200 million in market cap.
What? That's nothing.
I mean, a lot of coins are down a lot dude.
Right, what's the coins are red? Yeah, like they're.
Down AI actually down $2 billion.
AI16Z was it what, 3 billion? Now is it 2?
AIXPT was at nearly 700, now it's at 420 arcs down.
I know ARC is down, I didn't realize that, fuck.
All these AI coins are getting butchered.
Butchered. Yeah, I mean, Bitcoin is is
touching the lows of the session as we speak.
Feels doesn't look good out there and I still don't know
what's going on. You know what watch there either
be finally news come in or just it being nothing burger.
It's one or the. Other invade Taiwan.
Can you just do it? Do it in a few months?
Let's just chill. Just chill today.
Let's have a nice start. Like can you guys just not
invade Taiwan yet, you know? I mean this this the first time
I've heard you mentioned it and it kind of makes sense that that
could cause. I mean, no, yesterday they cut
some Internet lines there. I want dude I want like Zack XBT
fucking off chain news luthier on this shit.
I was like why are we dumping? Can't get it.
I got to deliver news tomorrow morning.
Stocks would be impacted more if that was really.
Yeah, I mean, you wouldn't. That you'd show up fucking
everything. Yeah, yeah, it's up a percent
today. The Nasdaq's up a percent.
Yeah, that's what I'm saying. Sorry that that just me asking
China to invade Taiwan right now.
I just. This is the reach of prime
future prime ministers. I think.
This is how we deal with things. We get shit done, you know?
Can we trust the Canadian news though?
No, you can't. That's why my I, I went on
sleuths on XI. Just go to the X.
I'm like, yo, like what's going on in China and shit?
It's always like that, right? Like usually like the order
books speak first and then it's the news comes second.
Yeah. But it's everything that
normally speaks if the Nasdaq's up once.
The NASDAQ was not having a good day yesterday.
If that's like up and crypto's dumping, I don't really know
what's going on. I'm.
Telling you weak hands. This feels just like a
liquidation. Crypto is just weak hands dude.
You have bro Onsen's here calling 75% chance of top for
the cycle. You guys really think it's top?
This guy. This guy for real?
I'm dead serious like him and all a bunch of people, and this
is not, no shade of them, like they're smart guys.
They've done very well for themselves for a reason.
I'm just saying like if every single person with half a
million followers is calling top, then it's not top.
Like this is just the rules of the game, you know?
Again, rookie, I fucking love this guy.
We really got to get him on the show.
Said it best literally again. And he said word for word
usually don't have everyone calling top at the top.
Discuss. I don't agree, but I don't think
there's enough here to say that we've got a top like.
Because Enas, you know, OX Enas, by the way, he's the one who
sent fartcoin, by the way of Tyler, the the bounce.
Didn't he still out of it? I don't know, but today he said.
Well, I guess now is the time to test the theory of truly hot air
rises and five seconds later we jumped 120 mil.
Yeah, so, and then I saw Drago retweet him saying when one
whale's exit is is an entry for the pigeon.
So I don't know if he was referring to Eugene or someone
else, but looks like some whale exit.
That's what whipped us down to $0.90.
But but here it is right? Like this is either the
beginning of the bear market and 102 K was your RHS or a lot of
people are unnecessarily capitulating their spot here.
Depends on your perspective. It's not opportunity or a
warning. So a lot of posts like this this
morning. Yeah, I see what you're saying.
I I find it hard to believe that the price action of today and
this week is going to decide if we're if this whole cycle
topped. We just like forgetting our
thesis and Donald Trump, is he going to be president of America
in 12 days it. Was wasn't everything lower over
Christmas break? Like everything's still green on
the week. Yeah, I, I, I just think that
feels very, very. I think the issue is is that a
bunch of people. Here's the week.
It's just been a terrible trading environment.
You said for Leopard traders, right?
That whole universe of traders I don't think has had a good 18
months, right? Because you had the stop, then
you had the brief rally, then a chop, and then you've had this
brief rally. This up here killed people a lot
too. Here, Mendo, this one.
Yeah, that one was horrific, right?
That was a summer chop, right? I even lost a ton of money in
that shop. So I think and that that's
really not good for levied traders.
The other thing is like, I just don't think that's where people
are making money either. They're making, they're not.
I don't think many people are making money on levied accounts.
I really don't like when you hear about the big wins.
It's not some guy who's like who's 400 million long ETH.
It's the guy who caught up one of these coins early and did
really well from it. What if we chopped again for 252
days? It could so easily happen.
Like this here period. So boom copy paste it here.
I don't know Anyways So what is this wrecked AI saying now?
Why is it tagging me and Tyler it?
It tweets a lot. Safe mate, Farouk and Tyler are
GS, no need to shame them. Who shamed us?
OK. Farouk and Tyler days but
they're GS and support right? Thanks for the stand up for us
here Wreck guy. Saying your name should be
pronounced reggae. It is reggae.
That's how you spell it. Literally is how you say the
name. Anyways.
Anyways, alright, let's talk about.
Let's talk about. Let's get back to Tyler's top.
What? What else, Tyler?
Tell us what else? Quick run now, I mean, I went
through the news, but there's some decent ones to unpack.
So Alluvium and and I think people I kind of called them
like perhaps you know, they're they're returning after, you
know, I think the token's down quite a bit, but this utilizing
AI agents as the NPC's non playable characters in their
games to make them like smarter and to have a more fun gaming
experience like that. That is an interesting concept.
I don't know they're the first ones to say that, but I think
they're, they're certainly the first ones to say they're going
to integrate with virtuals to make that happen.
I'm a little bit unclear on like exactly what this means.
Like someone said, does that mean they're going to be
launching tokens via virtuals? My immediate response was no,
because like, why would you launch a token like tied to the
NPCS in your game? Like maybe for your main
characters, but not like it wouldn't make sense for the
NPCS. So perhaps they're just using
the the tech, which I believe you can, you can still launch
your own agents and, and train them and build them whatnot and
launch them without a token. I know you can do that on like
Dasha and some of the other ones.
I don't know for sure if you can do that on virtuals or not.
So I think that's going to be something interesting to watch.
Of course, if they're going to launch a flood of tokenized
agents, it's going to get diluted pretty quick and maybe
it's less interesting. But if you are a virtuals
holder, I think you love to see headlines like this.
I think it's going to be super popular for for people with IP,
not just in gaming but in other things that they would release a
agentic version of their of their characters.
But the same thing with Ovi did, right?
Yeah, yeah. You could do this with a bunch
like this could be big brand with IP in Web 2 is like, hey,
how can I interact with Web 3? They're going to come in and
they'll, they might do one of these agents, I reckon.
There's, I mean, there's competition.
Like that's what bullying the Dolian Protocol is doing, right?
They want to help businesses launch reply guy AI agents to
help set off their social, their social media staff, right?
The risk here is like they have to be good.
It's like a lot of people are going to hate these age agents.
It's like they're just terrible reply guys and they spew
nonsense all the time and like we're all muting them.
So like, that's what you don't want.
Is it Like your game? Full of these very annoying NPCS
that are just saying like total garbage?
Right. Next thing you know the NPC like
again, he hallucinates and says an N word on your company
account. Fuck NFT.
But it's you know, it's so crazy, right?
But I agree that this is going to take a lot of like those
jobs, right? Social media manager running
this, running that like the NPCS and accounts anyway, you can
play Fortnite like you're playing against a bunch of bots
sometimes to fill up the the servers.
So yeah, main though Faye Rock and Taylor.
Yeah, maybe, dude, yeah. I mean, it isn't when I'm in
Asia and I can't host. Maybe send an AI for real. close
the show you know? Takes jobs here, but also like
superpowers like the like one person in shops who are like
they're running the shop, they don't have time to reply to
everybody. Like, you know, there's other
use cases for that. So we'll, we'll see who wins
that race. I think that's a real there's a
huge market for that. And and maybe it's not even a
crypto company that wins. Maybe it's more of a web two
company, but whoever unlocks, you know, the the AI agent,
social media play for, for these e-commerce, like that's going to
be huge. And I'm sure we're going to have
some players in crypto who do it.
I also like that. So SIGAR and the abstract news,
it's like abstract is coming and I'm starting to see more chat
around. It's like we haven't talked
about a ton on the show. Perhaps it's just not here yet.
He tweeted yesterday about how they're excited to bring there.
It is, yeah. I'm working with the biggest
crypto AI teams to bring several new AI agent projects,
initiatives over to abstract. So I think there's an immediate
question on, does that mean that there's like existing ones that
are already tokenized are going to come over and also play an
abstract Or does that mean there are going to be, there is going
to be an AI trading ecosystem native to abstract?
And if it's the latter, I think that's going to be super.
It's going to be interesting regardless.
But it's even more interesting if there's going to be a
tradable, a tradable AI ecosystem on abstract.
Like certainly that's going to be an area where I want to
focus. We've already seen like the NFT
white list and whatnot start to to scrap up.
We saw that with blast too. Like like no offense, like
that's not something I'm like super excited about is like new.
I have. No idea what's happening with
blast. I have not read a single tweet
from these people in the wild and I'm not trying to knock like
you guys know what's happening over there.
I. Think Pac-Man spoke up like a
few weeks back, basically said their heads down building.
They're they're ramping up to to, I believe, deploy or like
show off the their updated mobile version.
A blast. I think, you know, as they move
towards the full stack, but it's it's hard to argue that they've
lost pretty serious momentum. I can't name anything besides
fancy top. Yeah, same.
But you know, the abstract stuff is very exciting.
We talk about this a lot internally as well, obviously
because we're launching our our USDC markets on abstract for
Marriott. So that's why we haven't
launched like real money markets yet because we don't want to
launch them once and launch them a second time because it's going
to fuck around with people's money.
But we're very excited to, to use like to see how we can like
use AI agents on the prediction market protocol, right?
And see like how they can, you know, you're going to be trading
against them or copy trading them or doing a bunch of
different things or using them to like better your predictions
and everything. So I really like personally like
'cause someone don't know abstract that they're focused on
that. And didn't they bring up Eliza
even like they were you? They're working with AI16Z and
Eliza in order to like. Yeah, they they already have
partnerships with Eliza and with Hollow World that's in behind
Ava. Well, I expect.
To see more of those, which I think is giving more credence
right, to to what they're doing. And I think Sagar's pretty well
respected and abstract. It's going to be the app chain,
right? So we should expect apps.
Maybe we'll have AI apps. Right, I know.
I saw the staging website. I was on the staging website
with my team the other day, fucking around, checking the
myriad thing on there. It's so fun, like it's really
cool. You open the abstract station
website and you have on the left side that you guys saw these
videos like with the stream and that your credit card almost
like your own Apple Pay type shit.
And then you have like myriad right there.
You click on it gets to the myriad.
It's so fun. Like you're gonna be able to
fund your abstract wallet right with their wallet.
That's super cool that that's all public information, right,
But the abstract wallet and then using the abstract wallet,
you're funding your marriad account.
Like you can go and trade on myriad like predict and stuff
like that. So it's it's so cool.
Like honestly, what they're trying to build is really big.
It's a big undertaking that they're going for.
Obviously, like I think it's going to take a while to like
it's not going to be perfect day one for sure.
So don't expect I don't want people to spend oh, abstract,
it's going to revolutionize the world day zero.
But like, I think they're like up to something really good, so.
I got a glimpse of the UI. Yeah.
I think they've they've shared some glimpses publicly week.
It's very clean, it's very intuitive and and it's not
really like anything I've seen before.
I think people will be very happy, yeah.
With the UI when it comes out. So we.
Can leave it there. Yeah.
I mean, there's other things that we can dive into.
Let's see. Slow they slow they yeah, I
mean, it was that. I mean, The thing is all the
news that you have are good like CFTC chair and crypto skeptic
Benham resigns that we knew that was going to happen.
Then you have the the the the South Korean news as well.
That is like, you know, it's pretty good news, right, that
they're going to ease up on. So breaking South Korea plans to
allow institutional crypto trading by gradually issuing
real name accounts to corporations starting with non
profits. Like it's getting there, you
know what I mean? So that's that.
Do I even want to look at NFTS and ruins and ordinals?
Oh God, ruins. Just a bloodbath.
And it's like one of those things that we're all just, I'm
saying we because I'm also a holder in this ecosystem that
we're all just kind of like praying that one day like buyers
are going to show up, just buy our routes.
Did we all sell it on the last pump of pups?
Did we all sell? We all sold.
That Mendo, I am so tired of this.
Like every time, man, Tyler, we got to be better at this shit.
I mean, I'm not swinging turning these positions.
I always looked at them as longer term.
Yeah, yeah. That's.
What you sound? Like me?
You sound like me. I'm the same, by the way.
We're such community members, dude.
We are such community members. I mean, the things I can't even
exit my RSIC position, there's not enough.
Liquidity. I don't even know how to sell
this shit. There's RSIC did $27,000 in
volume yesterday. The number one runes did
845,000. That was dollars.
The number one runes it was pups and it did $72,000.
Fuck you, dude, are you serious? Oh my gosh.
There's more numbers. Like how is this shit even worth
this? You know what I mean?
I need. To oh wow, that's that is wild
all. Right, so 140,000 so I needed to
refresh. RSIC he's done 28 K volume.
Bro do you realize that we all individually do more volume than
ruins on a daily basis just trading?
I'm not even like right mando am I wrong?
No. You're probably right.
Probably I did more than 28,000 yesterday, I'm sure of that.
I'm pushing more trading. I've definitely pushed more
trading volume in 2025 so far than all of ruins total for
sure. This is crazy.
It's not great. What?
What's even worse about these red numbers is that isn't
factoring in the Bitcoin dip. So like that's it's down 10% in
SAT's and then Bitcoin is also down 3 or 4%.
So it's actually all down more than that.
If you look at that and like dog keeps going up to 900 and then
like bouncing off a billion is. So dog, so tell me the the is
the stats for dog create because dog is on exchanges.
So like I think the dog to the moon, we have to check on coin
market cap for the real volume for that one.
Yeah, this is magic in volume and I think there are other
places where these are starting to be trade traded.
OK. So Dog's real volume is 41
million. Oh wow.
OK, Well, that's decent. Yeah, it is.
No. Yeah, OK.
OK, right. Dogs.
I didn't know if that was the other one.
No, the the real dogs the moon volume is is because they're
doing a fucked on a volume in Asia.
They're doing no, not even on gates 17 mil a day yesterday on
decks. Yeah, forget that it's all sex.
Yeah, Magic Eden's doing like 2% of the volume then.
So it's all sex another proof that these exchange like these
ruins need like L bank it's doing on these, though L bank
it's the Chinese exchanges mostly that are trading dog.
They love it there right. They love this ruin there.
Like let's see pups because pups does have some solana shit.
Pups real volume is 900 K so it's better than the.
So where is that being traded? Let me tell you right now,
sorry. Well, there's the Solana coin
that's. Oh, so it's including the Solana
pools it looks like. OK.
Yeah, it's including Solana pools.
So it's, let's see sex. It's on Bing now.
See, it's not doing any sex volume, really.
Yeah, it's Solana. It's really Solana Pools.
And ordinals are pretty rough too.
It's just like you, you see these days and people like, and
I do this too. It's like, oh wow, like no,
monkeys and puppets are up 10% today.
And then the next day, they're just down 10%.
I swear to God I've seen Bitcoin puppets hit .14 Bitcoin and
think 557 times in the last year.
I will keep holding them. They are they are good anyways,
so that's I think it's a good round up then funny day, funny
day all right well, we got a robot loot box today and then
the last story and while Sims enter you guys enter quickly.
This robot loot box pin Dakota is MLG raffle ball dot XYZ, but
MLGI mean this thing is just still ripping right.
It's at $106 million. I would have hoped that Jesus
Christ. So when I wanted to, so you see
this candle here, the first green, that's when I saw it and
I was like, fucking let me RIP it.
Surely it's going to dip. And then here's what happened.
Just endlessly went up. Oh my God, this is absolutely
insane. Look at this chart.
These was talking about MLG at Art Basel at our house.
Yeah, he wasn't talking about with me.
Definitely not with me either. These I don't know.
I would. Have held it through that dip to
be honest. So he he, he gets off.
I think you know, I think just like if we could give it to me,
do you? Think you would have held it
through that? I mean you you generally are OK
holding things but like I'm looking.
I'm an expert to hold dips. I'm like a expert dip holder
now. Like, yeah, I would have.
I can say that with confidence. I'm like fool you redacted.
Yeah. I become expert dip holder.
Dude. Dude between mog and fartcorn.
Are you kidding me? Like My Portfolio swings every
day are sickening. Enough things to make a grown
man throw up dude. But anyways, Jonah, I see you
down there. Motherfuckers are shaming him
for taking his profits at $150 million MLG yesterday.
I still on timeline. He cooked and now he could buy
his bag. Bag for 50% less almost so there
you go there you go so so lessons in there.
I'm going to buy MLG dips if you guys can dump it to like 50 mil
be nice asking for a friend All right, sympathy, sympathy
Chalamet. Let's bring this up.
By the way, direct is number 5 now on on cookie dot font.
Yeah, it's wild, Brett. Yeah, look at that.
He's up to something. This guy, this, look at that.
Boom, boom, boom. So it's one 2345666.
Yeah, I had. A6.
Wait, is tabs? Is tabs lying to us in the back
end?