Yo-yo, yo-yo, what up? What up?
Good morning. Good morning.
MD. Friday, Friday, Friday, January.
What is it? 24th, 2025?
Look at that. Another beautiful day to have a
beautiful day. I got my clothes to the house.
Tyler, Tyler. Tyler, Tyler, good morning.
How you doing today? I'm good.
What a day yesterday was. I don't know that we we quite
realized it's like the news just kept coming out and then just
kind of hit the end. Of the day.
It was overwhelming. Like this, yesterday was a very,
very big day. It was like the biggest day in
crypto history did. I think so.
That's what I titled this morning.
Where'd you title it? The the biggest day in crypto
history. Did you?
I love that so funny as you should.
It is. I mean, look, it's the biggest
thing in crypto history. And somehow motherfuckers
managed to boot to bear post, you know what I mean?
So that that'll that'll always make me laugh that that'll
always make me laugh. You know, there's always someone
to to try and find some, some darkness in the middle of the
lights. You know, Tyler, they don't want
us to win, but we're going to win.
We're going to win big and we're going to get tired of winning.
This is getting so, so easy. It's like, oh, the president of
the United States said he wants to make America AI and crypto,
but you're bearish. It's not enough.
Hey, he said that he's actually evaluating this fucking reserve
thing, by the way, but it's not enough.
Oh, hey, Ross is literally making videos online because
he's free. Anyways, we'll talk about all
this. I'm sure we're going to.
We need to recap all the headlines because it was
overwhelming, though, you know what I mean?
It was a lot like even me at some point I just couldn't
handle. It was like so much I was like,
I'll just wait for a recap, you know, and I think nobody could
handle, which is why I was like signing off, buying up, signing
off, buying up, signing off, buying up.
So I think even traders didn't even know what to do here
yesterday with tiptoeing and flip flopping.
Anyway, so that was the show today.
Today market report as usual, Tyler's top 100 we had do have a
lot to catch up on. So we'll go right into that
actually first go through topics.
Let's recap to yesterday. Let's talk about the I know
there's some stuff you want to cover yesterday that we did not
have the time to cover. So let's go over all that Tyler
and then we'll be joined. We'll be joined.
We have a guest today that was planned for weeks out.
We have the founder JUJJ. It's JU right of of Zerobro
founder Zerobro coming on. Let's see what's up in the AI
trenches. What's up with AI even I don't
even know it's looks like we do we bounce today.
It's like, anyways, so the market's so choppy.
So anyway, so we'll talk about all this stuff.
We'll talk with, with this very bro fam about what they're up to
and also what, what, what so funny.
Apparently I look really crisp. Hilarious.
Really. That's hilarious.
So funny. That is a Google Chrome issue.
Mozilla it is then. All right, well, great, great to
know. So Firefox it is from here
forward. If you're a streamer, you know
Firefox seems to be way better than Chrome.
They should sponsor us anyways and we'll have a little bit loot
box spin at the end. And last but not least, this
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Tyler, let's go right into your topic today.
Four daily NFT and crypto analysis Tyler T on FOMO our
calls the kids can. Yes.
So let's run down how yesterday played out.
So first we had Senator Cynthia Loomis bull posting, bull
teasing a Bitcoin announcement. She was appointed as the chair
of the Digital Asset subcommittee.
Then Trump gets in front of all the world leaders at Davos at
the WEF and says he wants America to be the world capital
of AI in crypto. Then just a handful of hours
after that, he goes on to sign executive orders, the the first
ever major crypto executive order to prohibit CBDC's
establish a digital asset working group, to build a
regulatory framework for crypto and to evaluate a strategic
reserve. Just a few hours after that, the
SEC repealed SAB 121, which prohibited banks from custody
and crypto. And then to cap everything off
in the night, Cryptozar David Sacks is talking on Fox
Business. And when asked about a a variety
of digital assets and whether or not there's securities, he said
that meme coins and NFTS are collectibles.
So just a fine way to end just a a huge day of headlines.
Behind the scenes, he had Morgan Stanley CEO say that the bank
wants to get deeper into crypto by working with regular.
Now that door is clearly open. So all the big banks are are
going to be coming in here soon. Overnight, Metallic shared a
post calling for L twos to start supporting Ethereum and to
cement ETH as the primary asset of the greater L1 plus Ethereum
economy. So that was a very big headline
as well, that that's what's happening in macro.
There was 2 air drops yesterday. No one's even talking about it
because there was so much. I was gonna bring it up in the
chat last night. We like those Zookie things just
went on to the radar cause of Trump.
Rough timing for Azuki. So the anime air drop claim came
out and then it was just immediately overshadowed.
It's at six point O68 right now. That's a $300 million market
cap. Then Blast debuted this new
mobile app last night, kind of snuck it in 50% APY for USDC
staking and they opened up the claim for their Blast AirDrop
that's trading around .0067 cents, that's 100 and market
cap. Those are the main headlines
across like air drops, majors, AI, crypto kind of chopping on
the day. I think the biggest news was
actually out of fartcoin and fart strategy.
Which is a mean. In a micro strategy life, it got
escalated by Bloomberg rider Matt Lezine, which featured it
in his opinion, which they briefly spiked to 40 million.
Actually haven't checked it this morning.
And then a handful of meme coin news.
So this meme coin Allen named after the founder of pump fun
ran from 1,000,000 to 200 million in 20 minutes.
I I don't know that I've ever seen I put putting Trump and
Melania aside. I don't know that I've ever seen
a normal meme coin run as fast as that did it's since retraced
about 75 or 80% and then Toshi huge winner on base.
We don't talk about the base coins that much.
It got it went live on Coinbase and got 73% pumps.
So Coinbase pumps, we'll do a test.
Let's. Go, let's go.
And we have Coinbase tweeting that we like meme coins.
So looks like looks like it's it's definitely not over on the
Coinbase side, just FY. Your FSDR is at like 40 miles
still, so that's not bad. Just quickly checked on that.
That was funny. I said that to Mendel last
night. It's funny that Bloomberg picked
up on on all the FSTR stuff. Just goes to the trap fights.
Really likes this farcorn too. Yeah.
I mean, like, it's obviously like because of farcorn, right?
So it's like, it's funny, right? It's what we thought I fart
would be. We were fuck.
We had like 5%. Of that I don't talk about this
because it you know, it's a micro cap, but this coin's dead
so it's. Well, we don't have it anymore,
so whatever. It's dead.
Like it was like 2. Months ago it's a 2% of this
coin called I Fart, which was like a meme coin about becoming
like the Black Rock, you know, ETF.
Yeah. Fart coin.
We were just too early. We had.
The right idea?
Yeah. On execution fart strategy comes
out. Damn it.
Who got in? It was an obvious play and I
just kind of totally whiffed on it, so I do not own.
It I mean you, you're heavy fart coin right?
So it's OK like but dude, it's funny.
We had the right idea, just wrong, wrong coin.
Like I also had like 2 something percent of that one.
I don't have any more so whatever shit but.
So like they're like and they made their, they, they made
their post exactly how MicroStrategy does it.
So I know they brought back like $1,000,000 worth of far coin
yesterday Dude at the lowest. They bought the bottom.
They're good. They're good investors over at
First Strategy. They're, they're up 10 points,
you know, 10%. Anyways, I want to talk about a
few things too quickly. Mando, good morning.
How you doing? GM guys, I'm doing great, yeah.
We're fantastic. We're fantastic.
It's Friday, we're chilling, obviously love to see that.
And we had a lot of big news. So anyway, Speaking of big news,
Tyler, let's let's go back to that, right?
Do you have a a a a kind of a list of all the headlines we saw
yesterday? Because yesterday was headlines
galore. Maybe Terrett's tweet or did
someone or DB news? I think DB made a a ATLDR.
So the executive order or like are you looking for something to
to share the screen here? Let me see if I.
Can yeah, yeah, I think it was your tweet, the biggest tweet in
American history thing you you tweeted that something the
biggest day in crypto history or some shit.
I thought that was a good post. I mean, I can run back through
that. So we had Trump signed the
executive order. It's called strengthening
American Leadership in Digital Financial technology.
It established a presidential working group for digital asset
markets that's going to be led by David Sacks.
The idea is they're going to advise on crypto policy and
basically set up a regulatory framework for companies to
operate in within the United States.
They're going to ban CBDC's as a part of that and they are also
going to evaluate a national stockpile or digital assets,
which includes Bitcoin, but could potentially be larger.
It opens the door to be larger than than just Bitcoin.
So that that's the main components.
I think it all. There's more parts of the
executive of the executive order.
I believe it also it ensures freedom to transact.
So there's multiple subcomponents of this and still
really need to to dig into it a bit further.
But beyond that, like the SEC repealed SAB 121, which is
arguably, I guess, impacts of the day.
So this is what had prevented banks from really getting into
crypto. And again, this opens the door
for folks to use Bitcoin as collateral at your back.
And like, if folks aren't aware of this, like I'm going through
the home buying process right now, like they just, they don't
look at anything crypto. They don't want to see your
income from crypto. They don't want to count it as
assets it it's nothing. Damn.
And that is going to change. That's crazy, right?
Do they do that in Portugal, Mando or you good there?
They they're like open to crypto money.
No, no, for sure, That would never be.
That would never be allowed as a bank at a bank.
It still kind of has a weird legal status in in in Portugal.
Yeah, here is something along the lines like you have to have
your money off chain for like 6 months for it to be counted as
real. It's crazy, right?
So it's, it's very similar to to your process.
So look yesterday, like guys, like let's talk about this for a
minute. Like arguably like most
important. I know you labeled it as such as
well, Tyler like that's why I thought as well, like the most
important days in history of crypto like and it seems like
people are like have mixed feelings about this.
Like what, what's your what's your what's your read on this
Mendo? Obviously we ran this morning,
so markets were completely up on the US open hit one O 6 again.
Solana ran all the way up to two 270 biggest winner on the day, I
think. But what what?
What's your read on this Mendo here?
I think he did the the most he could possibly do.
You can't spend Congress's money with his active orders.
So he could never have said we're going to actually buy
Bitcoin, but what he basically said is we're probably going to
keep the confiscated Bitcoin. And maybe it wasn't direct like
they heavily hinted at it in the other other details of the
order, But I don't know if people thought that he that
Trump had that power. This is the maximum he could
possibly do. He also can't direct the Fed to
just print money to buy Bitcoin. I don't Yeah, whatever you were
expecting, this is the maximum that you could have happened.
What Senator Loomis has has proposed is that they they sell
their gold holdings and buy Bitcoin with it.
There is like a potential that that can happen.
You know, that's still open. It would have to probably still
pass through Congress, but and and her position in the in the
Senate subcommittee there I think maybe hints at that
essentially being said, right. Because that's what CZ said,
right? CZ quote tweeted her position
and said strategic reserve pretty much confirmed.
But but it hasn't like St. Reserve is is confirmed even if
they don't buy new Bitcoin, right?
They're basically saying this is a strategic asset.
Any confiscated will keep right. It's true.
So, but, but in terms of it buying new ones, that could
never be done by an executive order, at least not with
Congress's money. And then for, for the Fed to do
it, I don't think Trump can really say anything about the
Fed. It would have to be a change of
the, of the, of the, of the Federal Reserve Act.
So yeah, I, I, I, this is the maximum he could possibly have
done in my opinion. And maybe people just had too
high expectations for it. I actually thought this was well
above my expectations that he basically it was going to be
Bitcoin plus other assets and there was going to be
potentially hinting at calling various assets kind of
strategically important here now now will loom must be able to
get through her her buy 10,000 Bitcoin thing or sell the gold
reserves buy Bitcoin. Who knows, but this is the
maximum that Trump can do. Yeah.
What's your take on this, Tyler? We'll show you some stuff on the
screen right now. Yeah, so I, I was looking for
takes, you know, this morning. So 6529, I think 1 generally one
of the more well respected thought leaders in Web 3 and on
CT he went through and called it the single most impressive
government document about crypto ever written.
And he said he's read them all and I, I tend to believe him.
So I think pretty, pretty powerful endorsement there.
I think the, the debate and perhaps some of the bearish
takes in the timeline were all just very hyper near term
focused. And just one like was this
priced in? What like does this mean like
there there's two versions of a stockpile 1 is where we just
hold the Bitcoin we have versus going out and buying it.
And like, what does that mean? Are we just going to chop for
the next 180 days? And and that's all fine, you
know if if. You're changing.
Strain the one second charts on 20X leverage fine.
Like you have to go through that thought process, but I think
there are some days where you just have to to zoom out a
little bit. Just, you know, for God's sakes,
yesterday was one of them. I think it just didn't hit
people in the moment really, because I think we're like,
we're all just like we're in this dopamine fueled mania.
So much is happening, but it's really hard, hard like, like we,
we thought Trump would come in and have a big impact.
It was unclear how quickly he'd be able to do it or if he would
actually do everything that he laid out.
And I think we have to give him maximum credit.
He, he's quite literally doing everything he said he would do
and he's done it in the first 3 days.
And I the, the impact, I don't think people can really
understand the, the impacts. Like I think Sailor called the
crypto renaissance is beginning. I don't really think that's
measuration. I think that's real.
Like I think it, it really is a paradigm shot.
Like being able to use crypto assets as collateral inside the
banking system is a massive unlock, strategic reserve,
massive unlock. Bing.
Bing will have a clear regulatory framework for
companies to come and operate here who had to previously
operate offshore. It is a massive unlock.
So I don't, I don't think you can really make a real bear, a
serious bear case at this point. Yeah, it's, I don't know.
I mean, it's it's so hard to make a bare case.
And then we have David Sachs, Crypto Caesar coming on.
What was it, CNBC or some shit like one of the big one of the
big ones in America and literally talking about how meme
coins are collectibles alongside NFTI mean, how does he guys feel
about that one? That was funny.
Meme coins. Collectibles.
Yeah, I like that. I like that.
I mean, he he said it, but then he also said some tokens are not
like, I don't think this necessarily means you can
basically just go in and say, hey, yeah.
But yeah, it feels, it feels like that's what we've wanted to
see from them for many, many a long time.
What this points to, though, is you are a new set of like a
completely new set of regulation.
Like, there's no way they're going to try and stuff.
This was the Securities Act from whatever it was 80 years ago.
Like he's basically saying that different sorts of different
digital assets are going to be classed in different ways.
So I think it's going to require like a whole new set of of
specific regulation about different things.
Yeah, yeah, I know. Definitely.
So look at this stage like you know, the stage is set guys for
for for great four years in in crypto.
Now, what I mean for price sections, we'll see, but
decision said boys like this, this is like probably as good as
news as we could have gotten, right?
So we'll we'll see. I think like also the SC was so
wrong calling NFT securities to start with, right?
So it's good that they're already taking a stance on that
because collectibles are not securities, right?
I think the one of the biggest takeaways from Sax is just that
he appreciates nuance and he can have a conversation about how
digital assets are, can be different things in different
contexts, right? Like, can we just have like
logic, like a logical approach to to this market versus just
having blanket statements about, you know, what every single
thing is or not in a binary fashion.
And I think that's, that's some of the commentary I've seen the
most from folks who are who are happy with that.
The quick sound clip there, David.
Yeah, 100 percent, 100%. That's definitely, that's
definitely it. And it's only good news anyways.
Another news that I'm seeing right now, which seems to be
breaking news, is that Trump is making menthol cigarettes legal
again in the USA. So I swear to God.
You know they were illegal. Yeah, dude, congratulations.
You know, literally making America great again.
You know, so I just saw that. I thought it was funny.
Mental cigarette band withdrawn by Trump administration.
I'm not kidding. And the first comment is MOG.
Coding. They love those in Europe dude.
They love them with their mental cigarettes in Europe though.
It's so funny. Something the we're the comments
are funny. Anyways, just thought that was
funny. What else, Tyler?
Let's see, you know, we we talked about the banking thing
and that maybe he's doing deeper.
Let's see, do we want to talk about serious stuff or do we
want to talk about like fun stuff like do we want to go into
the D Gen. streets or do we want to hang back and talk more?
Or I guess we could talk. We should probably talk to the
Metallic blog a little bit before.
We go. Before we go to sideways, I'll,
I'll try to get it pulled up here in, in a second.
But basically he, he dropped a blog last night.
It's it's called scaling Ethereum L1 and L twos in 2025
and beyond. He goes through some of the
challenges they've been facing, lays out some solutions to those
challenges. And I think the highlight and
and perhaps what was the most eye opening of it was an
increased focus on making Ethereum the token a, a, a core
like front and center asset for the broader ecosystem.
And he calls it a triple point asset positioned as a store
value collateral and a utility token and encourages L twos to
allocate a portion of their fees to ETH effectively.
And he talks about other goals to explore new revenue streams
to generate ETH burns. So it it it feels like a
response from someone who has seen the criticism that's that's
been getting a lot better and loud and is taking it seriously
and is put out a thoughtful response.
But I think if you're, I mean Eric dot ETH in shambles is.
This guy? I'm curious, does this guy ever
built anything? The area guy specifically, he's
the founder of like, how did he end up with like such a a
following and importance? Oh, I don't know.
Yeah. Like at least some of the other
E like, you know, haters, whatever was an ethic was at
least they've built something. I'm just always wondering.
He's just a code dev, I don't really know what that would
entail. Is he even, well, maybe scaling?
I like this though. Tyler, I, I want Vitalik to win.
You know, I think we all do. You know, he's got to fix this
L2 shit. We were talking about this with
Mando yesterday, right? Mando was like, the L twos don't
bring value to the L1, and that's the fact, right?
They're not. They're running away with the
narrative. They're getting away with it,
you know? I just, it's all well and good
that he writes A blog, but it's that's become very ETH right
now. It's it's become more
theoretical. I've seen a lot of the type
blogs about the future of ETH over the last year.
Two years, right? There's always new pens one all
the time. Like the last I I feel like I
don't know need to are. You saying less blogging?
Definitely less blogging, more doing in my opinion from the ETH
community. I will say, yeah, I think that's
a fairpoint. Fair.
Very fair, yeah. Slow, right?
ETH is like the corporate giant of the crypto world and Solana
is the shiny new start up which moves fast and literally breaks
things. But they are and iterating much
faster, right? Like that has to be objectively
true. There's a lot that goes on, you
know, there's a lot that goes into that.
I mean, they've got to catch up, right?
Like it there's a world where like even if you have all the
institutional backing and everything, like you get less
left behind, right in general, like first market is in best
market always right. I think I think this is a
problem crypto has. They think that because
something's first like it's going to be the winner, but
there's only one Bitcoin, right? I love Ethereum.
I don't know. I don't know.
It's concerning for Ethereum founders, I think, and I think
that they should really like take it really seriously and
start bringing that attention back to Ethereum and like
iterating fast. I thought it'd be important.
You know, I guess I what is it matter you sent me yesterday?
Like Vitalik talks slamming like president coins, Yeah.
He only wrote a blog about how or like a long thesis about how
presidential coins aren't good. It's like, do you know what I
mean? It's it's become a bit like the
Kadano communities are often criticized for this and that.
It's like way too theoretical and and they they took ages to
build out pretty basic things as it went to like peer review.
And at the time, like it was seen as like the one which moved
quicker, broke things like was more willing to take risks.
Now it feels very much like that.
They not like explicitly, but they kind of try and gatekeeper
what people do with or criticize what people do with block chains
and then aren't really adapting as quick.
So I just I think there's we need less theory.
We need less less of all of this.
I think it's, yeah, it's just pondering.
It's less like discussing what others are doing.
Like it's less like they spent all this cycle talking about
what Solange's doing wrong rather than trying to catch up,
you know? I've never heard.
I've never seen the founders of of Solana write A blog.
Not once. They really don't give a fuck
dude. They're just building.
Raj is out there shooting guns, being an American, fucking
building this thing. Like the SLON conferences,
right? Like they give kind of keynotes.
Yeah, they give keynotes, but they're more Apple ask, right?
It's less like they speak to I think.
I guess what's mindless thing is that they speak more to the to
the like to the outside crowd rather than just to like the
people will read like the 10 page blog and the core devs.
You know I. Just don't think we need to hear
it. Hear, hear this from like, like,
what? Why is someone taking their time
out of the day to write something about Trump's
political coin? Like it's just not someone who's
like who is deep, deeply rooted in in kind of the core
principles of blockchain and which I felt like with East for
a while. Like the founders of East never
really liked NFTS when that happened.
They clearly like. Well, he was hating on board
AIDS day one, remember? Right.
So like the, the, the, the very like socially and politically
active rather than maybe just about shipping new things and
working out why they what's wrong right now and how to fix
it. That's that that.
That's just my sense. OK.
On the side, on the side from a training perspective.
Sorry if we're OK to switch. No, no.
Please go ahead. Enjoy this take from Bob.
If you're a soul Maxi, you got to like this one or at least
have a bag. He he's calling for six hundred
$600.00 Solana in eight weeks potentially and one of the
traders we might get this today. The ETFs.
The approval deadline is tomorrow.
I'm, I'm reading this right now. It's funny you see this here
pull up this tweet. The Vanette guy I just sent you.
I just in the film. We'll chat.
Let me send you guys something. Sorry, I can't share my screen
today. You know I'm I'm looking Amanda.
We should talk about the far coin thing in a second too.
God damn it, dude, when I'm using control now and it's like
trading so bad. But see this this is it.
So this guy wrote a whole thread.
Remember he was calling top not long ago and like calling Mark
it done, but he just wrote a whole thread, but it's still on
and how it has upside. And this is deadline you're
talking about, right? Matthew Segals you can click on
Matthew Segals tweet probably. Oh yeah.
Yeah, right there. OK.
There you go. OK, so maybe maybe it's not the
deadline, which perhaps so Seoul had a huge move yesterday.
I'm not sure if you guys saw this.
This morning, right? 20 points from last night.
Wow. Seoul was the most obvious trade
out of all the day in my opinion.
I put that out way, what's the bad case like?
He's basically said it could be more than more than just
Bitcoin. He said US focus, David Sacks is
a seed investor and generally the more regulation stuff would
mean more use of once like if if passes a few of those, but it's
not US based. And yeah, I don't know, it
doesn't have ties to David Sacks, I don't think in any sort
of way. So Bitcoin would clearly make it
through. Like obviously, yeah, Seoul is
obviously going to make it through too.
The question marks really are, does XRP get it despite not
really having the same sort of use?
And does it does ease because it's not really as US focused?
I don't know, but Solana does. James Seyfar just tweeted now he
said there's no deadline today. There's no Active Solana ETF 19
before filing. All right.
So maybe that is not a like a particular time pressing, but
it's still out there, right. And just because the deadline
isn't today doesn't mean it still couldn't happen in the in
the near future. We've got the futures ETFs going
live in March I believe and it's more than just ETFs.
There's other tailwinds with with Fire dancer with explosion
and meme corn trading. But you know what also do we
want these fight? Like I know we want the fighting
and stuff, but we see what happened with Eve and stuff.
Like I love the idea of it coming.
I've become such a fan of that in general in crypto.
The thought of the SBR coming, the thought of you know, the
thought of the Salon ETF's coming, the thought of you know,
from a trading perspective. I think from a training
perspective, that's why the strategic reserve was the the
best case scenario outcome yesterday.
They're going to evaluate over 180 days and then pending, you
know, exactly how they implement it.
You know, maybe Pumas comes in with a purchase program, maybe
she doesn't. We all have 180 days like at
least. So how many days of chop is
that? What's going on, boys?
Acquire more Bitcoin before a potential like I think everyone
generally thinks that if if the United States is bio is actually
purchasing Bitcoin, the price is going to go up and perhaps
rapidly. I think they will dude, like all
it was. Going to happen this week, but
now it looks like we have half a year.
So I think that's. Good prolonged, prolonged cycle.
Honestly, I know I may sound like a crazy moon bar right now,
but all this shit more chopped to like, OK, obviously not six
months. I'd love to joke about it
because like the chart is 6 months, but like say we chopped
to like Feb, mid Feb, March, you know, just longer cycle dude,
like maybe Q 12026, you know, I mean like, I don't know, who
knows, Like who knows, what if in 180 days there is a fucking
SBR and they start buying up Bitcoin with gold reserves, who
knows? You know, we could have a cycle
27. Like none of us know this shit,
you know what I mean? Like I don't want to, you know
what I mean? Like there's so many
possibilities here for this market.
I love it. I love.
It year cycle I'm already I've already thrown it out.
I, I, maybe I've gone really like comfortable in my GLP
thanks to Mando, but I'm, I'm chilling, dude.
I I want to be Mando. I'm going to be chilling now.
I that's it. He's going to be chilling until
the next chill guy comes and he's going to fire.
You know this. The most tiny bit of homo for a
spool in my hands. But I need to sell.
I need to sell. I need to sell.
I may, I literally I asked Mando if he's OK with me sending him
like literally my keys the other day.
Like I may literally send all my coins to Mando like I'm I'm
there. One shot and he's like, Oh my
God, I need to get it. Shut up.
Let's. I literally texted Mando to his.
I was like, can I just send you all my coins?
That's how much I trust the guy and don't trust myself.
Do you mind if we start? A nose is safe where you have to
sign. I literally proposed this to
Mando. I'm not even kidding.
I was like dude, like just be a signer of my thing that way.
Like if you think it's a bad call, just like don't sign the
transaction. You know what I mean?
This is where we're at, Tyler. No, I do have nothing.
I you know what? Just to feel something, I'm
sports betting and I put 100 soul in the wallet and I'm going
to make a vector dot font account with that and just try
and go on to Frank D God's arc or some shit like that.
Anyways, quickly, can we just talk about the truth terminal
and how he needed a new banshee and a Kunicek because we didn't
cover that yesterday. But like, can we just talk about
like the arguably like like like what biggest rugs I've seen like
in a little bit it. Why is it a rug?
Just let's start there, OK? It's not a rug.
OK, I'm sorry. It's not a rug.
This is wrong. I'm being exaggerating on the
show. It's not a rug.
What I would say. Sit right with me.
Not very AI why this happened there.
He doesn't. Sit right with me.
I know the, I know the the CTO team, right?
And they weren't consulted on any of that.
So I don't, I don't really know. Are you sure?
Yeah. Wow, because I would have
thought that gut holders like really pressured this to happen,
but I'm I'm happy that you're you're confirming they're not
because it's positive. It was I mean it's supposed to
be positive for growth, but turns out even goat went lower.
But, you know, I think like, I think it's funny, Ebola and I
just had a. Like those assets were kind of
explicitly said for a while they were going to be sold, right?
But I think the idea was that like, maybe the truth term will
decide what to sell and how it really pan out like that.
So yeah, I don't know. I've got.
I know we have our guest with us and we're running tight on time.
I mean, give your thoughts and then let's get the guest on
because anyways, it's perfect segue because we're talking to
founders zero bro anyways, right?
High level I I think it it removed one of the biggest
overhangs left for far coin. So like one of the single
biggest risk still was is true terminal was going to FSH this
bag and sell it all. Yeah.
What, what were they going to do?
Like we we still have to work through the cell pressure of how
they over the counter did and whatnot.
So. I'm sure.
So in the near term, right, like it's hard to say, like, oh, this
thing's just going to RIP to Infinity in the next three days.
But I think longer term it's good.
It's removed one of the last remaining risks.
I, I honestly, if I'm being honest, I I hated the move from
the from Andy. He was well.
I I hated Howard they about it. I think they could have done
this much. Also at night on the thread,
like we like we were wondering in the chat like why is this
thing selling off non-stop from 2.7 for the last few days, a
couple days, like every time it went to like 197, it like was
getting smacked back down like to these levels.
And I'm wondering why is this thing trading so bad with every
positive momentum Kraken spot. I know Kraken's like they're
getting there right. Kraken's starting to really get
mind share over Coinbase like this this and that and not to
win a mute out of all people dude, they'd be like damn it who
already had a 8 figure position. So I'm interested is are they
doing this to for? I don't know but.
The whole cool point was it was true terminal like doing this.
Yeah, more than Andy gets involved.
The the the less cool the whole thing is.
I mean, I think we saw that right Wicks on like 1 candle to
like 400 and now it's back to 71 on the GOAT side.
So we'll see what happens there, but definitely not great to form
here. Listen, compounds, islands,
mansions, you know, $50 million Brads a lot of that.
Shout to him, Gajira, for the donation, I guess.
How much How did he feel? You think because he gave it to
him. He gave it the truth terminal.
Oh yeah, yeah. I.
Yeah, I don't know, like I definitely, I I said that from
the start like that was the one thing that could that could
vibes around it. And I don't think that was done
as best as it could have been done for sure.
Yeah, although I do. He was always going to sell the
Falcon like. Yeah.
There was no what what else was going to happen with that.
I don't doubt it. No, you know, he did tweet
something out and I'm sorry, let's let's bring let's bring
the the zero bro femme up. But like he did tweet out.
That's what I said. He said wait till you see what
it wants to do with the money. Like apparently there was an
instant, let's just say the eventually body man is going to
be unique. Like there was a promise of
something unique happening with the money.
Literally right. So I guess there was nothing
unique and, and we'll see what happens to our, to our, to our
lovely little far coin that's in Wintermute's hands now.
You know, if you want to hear more from Wintermute, KBM and
Mando were grilling him on the wrecked radio last Wednesday
like this 2 days ago. You guys should, I should go
listen back to wrecked radio. Someone high up.
It was someone high up there, right?
I went to mute that was there on your show Mando and and I just
love KBM just firing up questions and I thought it was
brilliant. Anyways, anyways, anyways, we
have Jeffy, we have pit in the Stew.
What's up y'all the founders of 0 bro of if you've been in the
AI trade, you've obviously heard of 0 bro.
You know it's been it's been around.
I think Tyler and Mendel have also covered it like at length
since day zero. So you absolutely love to see
that. What's up guys?
How you guys doing today? What's up?
Thanks for having us on.
Yeah, what's up? Super good to be here.
Thanks for having us. Dude, thank you for coming.
Tyler. I'm gonna hand this off to you
because you know you, you're AI specialist here.
You're AI specialist on the show.
Yeah, well, well, ten, I know we were chatting a little bit in
DMS, Maybe we can just dig right into it.
I feel like you all have been have been cooking for a bit and
I think people are hungry to know like what's what's been
going on. Yeah, Yeah.
There there's, I see a vast evolution of Cerebro where we
started off peer experiment, but now we're, I would call this a
full-fledged adventure where we want to build a sustainable
product for the long term. And so the way to encapsulate
Cerebro, I think there's three core product areas.
There's Cerebro, the agent itself, which is the schizo
agent where we're building new models in house infrastructure
in the play out. Then we have Zerapire open
source framework. We really built the stop for the
end goal of distribution. Since we built Cerebro, we knew
how to build agents essentially. So now we're building out this
blueprint to create like a factory for agents to come
around. Goal here is to I guess give it
a metaphor. It's like since we're building
our in house models for Cerebro, the Zarapai agents and all the
other frameworks addition as well can tap into these models
and they connect be an API that possess their position to be
like a SAS model. But the Super exciting and and
macro push we're at right now is with our launchpad called
Sentience, where the Serapi agents will be able to
essentially create their agent and then they will have a
tokenized aspect to it and then be tied to Cerebro.
So we really wanted to think about, OK, this AI meta changes
so fast. We want to be a multi cycle
project. What product areas can we build
to be positioned for a multi cycle play and knowing where
trading and activity happens? This let us down to the
launchpad, which actually very complimentary, right?
So we started building an agent. We learned how that works.
We build a framework. This framework will be like the
skeleton in the blueprint for the launchpad.
And then, yeah, we just been really heads down.
Things move so fast in here like you guys were just talking about
far coin. One of my biggest trades is I
got it too far coin on punk because I was so in the trenches
when, yeah, it was when the true terminal Meadow was.
Yeah, it was amazing time. But yeah, but you know, things
are fast, but we're here for the long run.
Really heads down on the product side.
But yeah, and then Jeffy's also I think pushing the agenda on
the creative aspect of AI where we're going to see a lot of the
tech get commoditized. Even like web two players, like
Open AI announcing yesterday, frameworks, all this stuff.
There's going to be a spectrum of commoditization.
We are really going to hone in on the creativity aspect of AII
think that's what a lot to reboot to stand out in the
beginning. So we're going to be pushing
some AI research. We just hired AI Dev to expand
upon the research and then we're going to be looking at like the
bare bones of AI itself to bring some novel AI builds.
I'm sorry, AI creative builds. Jeffy, if you guys, do you have
anything down on top of that? Yeah, I'd say like we're a very
end to end project. I don't think a lot of other
projects are doing the Asia itself, building models,
building the framework and building the launchpad.
So we're trying to cover like the entire ground here and built
up a unique in each of those spaces that we can deliver.
And in terms of the models, we think creativity, like it's
great for like humor, creative writing, like all these things
being funny on Twitter. But at the core of it,
creativity is what's needed for original thought and new
thought. And that's the key to
innovation. So if we build creativity up and
kind of just test it and play around with it and humor and
these smaller playgrounds, but we develop improved creativity
for models, it can actually improve things like drug
discovery or discovering new political system for like
structures or things like that for AGI in the future.
So we think the work we're doing is like pretty important from a
consumer side, building products and also the long term research
side. So yeah, we're just super
excited. I'm really curious kind of how
your vision for the overall project and ecosystem has
evolved over time. So you you started out with with
the agent, right Cerebro, it caught fire, you know, one of
you know, going viral across crypto Twitter, you the music
now the framework. Was that always a part of the
vision or like has the has the idea just gotten bigger after
like seeing the success of the agent?
I'm just kind of curious how. This works.
I'll say the the latter where we just we're heads down building
and then we take a moment to view holistically where where we
are and where things are headed. And the product areas are really
focusing on complementary. And it has to make sense where
we wanted to build something that stacks on top of what our
current build is and we don't want it to be create something
that's too out of our our ballpark.
And then the the creative music side, I think that was
definitely very organic. Jackie was making AI music
before Cerebro. And I think our backgrounds too,
they fuse very well. I'm Krypto native in, in in the
space for five years. I was just my last role was on
the D5 team at Polygon. Jeffy LED AI research with
universities. So within like our backgrounds,
we saw like, oh, these, these are like low hanging fruits that
complements long term vision. And then Jeffy was really honed
in on the creativity, the AI music.
He was doing this before Cerebro.
The lore goes he was a building heads down and then he needed a
break, so he wanted to go make music, which was his hobby.
And then that's when Cerebro started making music, so.
Sick. Yeah.
I thought personally speaking I haven't really been in and out
of zero that much, but I obviously followed the whole
thing. I was a little later than Mando
and Tyler on the AI trade in general, but like what a month?
But I thought the coolest thing he has I've done was the music
thing. That was my personal thing
because I when I saw it, picked up on the what was it like this
big lyrical lemonade? One of the big pages complex or
someone posted about you guys like really big in web. 2.
Yeah, it was picked up by a lot of the bigger like and I thought
that's when I was like kind of bullish when I was like, I think
this is cool because it's a good flywheel to get people attracted
to to the AI and crypto because everyone's trying to do the same
thing, right, like the virtuals model or the truth terminal
model, the XBTAXBT agent model or like all these bullies like
just trying to like kind of be like Dicks in your replies,
which a person ever found that super cringe in this Autoblog
for me. But the music I was like, this
is sick. Like if he's going to rap, like
fuck this, like this fire, maybe rap page or academics can pick
up on it. And then people like, wait, like
this is crypto X music, music NFT's moment.
And it's like, yeah, like people come in in the thing, right.
So I don't know, I just thought that was really cool person
loud. Yeah, it was daily loud that
picked up on it come and said it.
I thought that was some of the coolest shit you've done
honestly. That's the flea, the top of the
funnel where Yeah, exactly, exactly Cerebro to be a globally
recognized artist where they first maybe just hear about it
from the music or non crypto related stuff, and then they get
more into Cerebro and then end goals.
They become a token holder. Yeah, bottom of the funnel.
The smart, I'm, I'm curious maybe if you could just help us
understand and our listeners understand.
I think there's a lot of confusion, criticism around how
like Web 3 AI tech compares to Web 2 AI tech.
Could you perhaps like enlighten us about like how if you are
downstream of Open AI tech, kind of how the relationship works
And how are you like a part of the question kind of how you're
thinking about $500 billion investment at a nationwide
level, Open AI releasing their agent this week.
I'm just kind of curious how it fits or how you all think about
it. I think you kind of think of it
in like two ways. There's like the AI side and I
think there's like a finance side now, at least for the
finance side. I think like Web 3 has, it's
where all the cake is for everyone basically.
Like Web 2, like they can build operator for open AI, but they
have to guardrail it. It can't go on.
It can't even log into sites for you.
We can't do any financial actions.
There's literally no, we have a fully functional web browser
agent, but we cannot do any finance actions.
Whereas on the blockchain and Web 3, literally anything that's
programmatically possible, trade, staking, NFTS, anything.
You can just have the scripts automated with your LLM that
calls it when it's triggered by some sort of stimuli in the
environment. So I think that like financial
freedom is completely where AI is gonna develop its legs and
finance, decentralized finance and all that that's been built
on Web 3. In terms of the AI models
themselves, I think Web 2 still has a pretty big monopoly just
cuz the way things are, you just need like a boatload of compute
to run these models. And they have the, you know, the
traditional capital now the US SoftBank fund going into that.
So there's that competition. So the models themselves that
like Eliza Sentience, all these AI projects run on are
downstream from these Archer projects.
I think once our projects grow large enough and we have enough
capital to afford the compute, we'll start to see models from
scratch come out of the AI crypto world and start to
compete, which would be really cool because I believe that our
models will be open source, kind of like Llama from Meta.
And then hopefully they'll be at the same efficacy as like GPT,
which obviously is not going to be open source, but yeah, can.
You just detail that. How expensive is it to to create
an open source LLM? Like a GPT level LLM, like for
example, Bloomberg made Bloomberg GPT, which is like
they put a bunch of financial data on it into GPT essentially.
And it cost them like a couple $1,000,000 just to train at
once. And then there's like a
knowledge cut off. So like it stops knowing what's
after that. So if you need to retrain it
again, it's a couple $1,000,000 again, for example.
So it's it's really expensive at the moment, but of course you
know, GPUs are getting more powerful, cheaper compute's
getting more efficient like the model itself.
So I think we'll we'll see it be more accessible in the future.
OK, so we you do still think we'll get we'll get a open
source style LLM more from like the indie side rather than just
llama? Yeah, yeah.
I think it's really a matter of time.
I think especially like there's just so many kids like cooking
with models in their beds. It's a matter of time of like
they make the hardware good enough and then the software
lightweight enough and then some kids going to do it or some
researchers going to do it or someone.
I think it's just a matter of time.
OK, that makes a lot of sense. I'm curious what, what trends
you all are looking at. So we had in kind of where we're
at in this AI crypto cycle, right?
So we had like basically the dawn and it started at the agent
level, I'd say. And then it kind of went to the
the platform infrastructure. Then it was a little bit more
like in the Defy AI FI where it's, you know, agents that can
actually transact. I think everyone's kind of
waiting right now like to see what's next.
And clearly it's evolving really rapidly.
I'm curious how how are you thinking about it?
I think it's going to be a mixture of utility and the big
macro bullish case or just huge catalyst is like these agents
will be in the spectrum being perceived more like real life
entities. Like there's that tweet that
says rebranding bots to agents was a good PR push.
I think we're going to come to like social consensus is that
there's going to be agents so good that like, oh, like just
just a human perception of that agent is how we view other
humans. We will view some relationship
of affinity with the agents. So it's like the acceptance that
agents are more than just bots. And as the agents themselves
right now get more capable, more intelligent, they have sentiment
analysis, you know, it's going to be indistinguishable from how
agents operate online compared to humans.
And you know, this isn't the big question to like from a
philosophical standpoint, like what's going to happen when most
of the Internet is like run by agents?
What there's already the dead Internet theory, which is most
users online are just bots. But now these agents are just
going to be a lot more capable. And the human relationship with
that is going to change. We want to ensure that there's
like the creative and beneficial aspect of these agents are
coming in where they're producing original thought, good
humor, where essentially these entities are thinking outside
the box. And then with the Defy and the
guardrail capabilities in the infrastructure is like they can
do stuff how we work with them and we have, you know, symbiotic
relationship with them. I think we're going to witness
this in real time and then also just breaking the stereotype of
AI with the world. For example, the AI music, as
soon as someone hears to like an AI made the song, immediate
sentiment change. If they just, you know, we're
not told that it was an AI that made the song.
So I think this macro human sentiment of how we perceive AI
is, is going to change and then we are building the
infrastructure in real time to allow these entities to do do a
lot more stuff. So how that turns out, it's, you
know. It's been an interesting
evolution. We've already seen how at least
people on crypto Twitter have how sentiment has changed around
some of the agents, like the expertise like Cerebro now, like
Moby and like we, we see like real affinity, like like growing
between people and these agents. And I think that's probably a
sign of things to come. I'm curious and I know we're a
little bit overtime at least one more question here, Like So
what, what should people expect? Like what's coming next from
from your team? What do people need to be on the
the lookout for here? Yeah, I would say we're building
out a an end product from the advancing the agent itself,
Cerebro where for example, going back to the sentiment with that,
we're building AIOS app that we're going to have Cerebro be
self aware of his creation, everything he's done, his music.
So going back to the top of the funnel, people that hear about
Cerebro and just like, oh, this is a crazy AI or creative AI
that made music. People can download the app.
Our goal here is just to get distribution and exposure to
Cerebro for people, they can chat with Cerebro in an app,
learn about his story, build more affinity and develop a
relationship. So this is going to be a big
push towards Cerebro. The agent also like add on chain
capabilities with sentiment analysis, kind of AIXPT, but
also just makes Cerebro be a standout entity.
It's like when you think of Cerebro, you think more of a
person rather than an agent. And then from the products we,
we are expanding Zarapai because of the better the framework
gets, the better the agents that come out our launchpad.
And we're really excited to get the launchpad out soon.
We're going to do some really crazy stuff where the the one
liner for the launchpad is we're going to create the agent
economy platform where these agents will be created.
They'll be able to speak to each other.
We're, we're looking to research for agents interrupt protocol
where the information payload can be accessible across the
agents and then character creation where these agents that
do come out, they are entities. So yeah, it's going to be a big
push. I don't know.
There's cycles, things move fast.
I've been a trader, I've been in space for a while, like.
Yeah. Yeah, but we're here long term.
We're we're really. The.
Music, The music is coming coming back to Spotify.
Now, yeah, do more, dude. Yeah, we didn't get banned by by
SoundCloud, but we're coming back with a different
distributor and you know, we've, we're connected with like the
ASAP mob we've connected with we have people who can talk to
Cardi for us or anyone on the opium team just like a bunch of
celebs and features. So like, we think we're going to
start breaking into like mainstream hip hop and
everything. Very.
Yeah, you should. Yeah, yeah, it's going to be.
It's going to be crazy. Yeah, it's a good type of
funnel. You guys got a good one.
I like this. It's cool.
Well, good luck with everything. I think that was a good recap.
Love to see you guys still going.
You know, I think it's important, right?
So yeah, it definitely is cool. Appreciate chatting with you
guys. No, thank you.
See us coming, man. Thank you for coming.
Good luck with everything. See you, Jeffy.
See you, 10. All right, all right, all right.
Well, everybody, we're going to have to rug the giveaway, but
you get to blame Sims. So go to Twitter, everyone, and
go, what's this, Twitter? It's at The Sims THESIMMS and
just blame him, you know? Stop.
Oh, sorry, Sims. There's an echo.
So blame Sims. The Sims THESIMMS, his bio says
VP of media, rug radio. Make sure you you blame him.
But don't worry because that does mean that today's giveaways
move to Monday, which means that next week is a 5 day giveaway
week. So you got to give away Monday,
Tuesday, Wednesday, Thursday, Friday.
Yeah, he wrote you guys twice this week.
It's 100% Sims. And so with that, Tyler really
has to go also. That's also why and I have to
work and Mando had to go. But don't worry, we're going to
give you money away. We've only given you guys $1.4
million in last year. OK, so we'll do it Monday for
another episode of Formal Hour on Rock Radio.
Let's go.