1 00:00:00,080 --> 00:00:02,160 Yo-yo, yo, what up? What up? 2 00:00:02,200 --> 00:00:06,320 Wait, where's my music Sims? Oh, you guys can hear it? 3 00:00:06,760 --> 00:00:09,040 Oh, it's playing out OK. I'm not hearing my headphones. 4 00:00:11,000 --> 00:00:11,840 Huh. You guys hear it right? 5 00:00:12,160 --> 00:00:16,120 We hear it. It's playing in my it's playing 6 00:00:16,200 --> 00:00:18,640 outside of my computer, so you guys can't anyways. yo-yo, yo, 7 00:00:18,680 --> 00:00:19,320 what up? What up? 8 00:00:19,320 --> 00:00:22,800 Good morning. Good morning, GMGM. 9 00:00:22,800 --> 00:00:26,560 What day is it? Friday it's August already or is 10 00:00:26,560 --> 00:00:29,520 it August or is it August? I don't know which one it is. 11 00:00:29,520 --> 00:00:34,960 Is August for August? Marcus Marcus 2nd 2020 fourth 12 00:00:34,960 --> 00:00:36,760 Look at that. Another beautiful day to have a 13 00:00:36,760 --> 00:00:39,440 beautiful day. I got my coast in the house. 14 00:00:39,880 --> 00:00:41,520 Tyler Mando, how you guys doing today? 15 00:00:44,160 --> 00:00:47,840 I'm doing great man. Vibin Stella London. 16 00:00:49,680 --> 00:00:50,440 Oh yeah. Stella London. 17 00:00:50,960 --> 00:00:52,440 Oh, yeah. Oh, yeah. 18 00:00:52,440 --> 00:00:55,560 Busy bee, huh? We're seeing there's a lot of 19 00:00:55,560 --> 00:00:57,520 stuff brewing over there, right? Red guy. 20 00:00:57,520 --> 00:01:00,480 There's a I'm seeing a lot of posts, you know, this morning, 21 00:01:00,480 --> 00:01:03,560 the first thing that he shows me that he gets he's following his 22 00:01:03,560 --> 00:01:05,200 clothes. He's like, yo, you see this rec 23 00:01:05,200 --> 00:01:06,680 brands announcement? Like what? 24 00:01:06,920 --> 00:01:08,600 Shows us a tweet And I'm like, oh, shit. 25 00:01:08,600 --> 00:01:11,720 OK, OK, OK, drag points, more points. 26 00:01:11,720 --> 00:01:14,160 But those are great points. I love those points. 27 00:01:14,160 --> 00:01:18,480 Baby gave me all the points. Mando, Tyler, how you doing 28 00:01:18,480 --> 00:01:20,400 today? I'm good. 29 00:01:21,320 --> 00:01:24,160 Try not to look at the the stock board here this morning. 30 00:01:24,200 --> 00:01:28,320 Those aren't looking too great, but crypto so far holding up OK 31 00:01:28,800 --> 00:01:30,320 again stocks. So we'll see. 32 00:01:30,840 --> 00:01:33,320 Really quickly boys, it looks like we've got no sound on 33 00:01:33,320 --> 00:01:34,920 thingy. The boys aren't coming through, 34 00:01:34,920 --> 00:01:40,040 it's just you paroch on space. On the space we're not going 35 00:01:40,040 --> 00:01:42,280 through, it was working 2 seconds ago. 36 00:01:43,600 --> 00:01:46,000 I've got the right no, I'm connected. 37 00:01:48,640 --> 00:01:49,720 Are you guys not hear me on space? 38 00:01:50,520 --> 00:01:52,160 We hear you, but I hear the the lads. 39 00:01:52,920 --> 00:01:58,840 You want me to fire it up? Yeah, I mean, I I have the right 40 00:01:58,840 --> 00:02:02,680 setup. Do you want to try? 41 00:02:02,680 --> 00:02:06,520 You want to try one second y'all? 42 00:02:06,800 --> 00:02:09,479 This is weird. Right now I'm I'm open. 43 00:02:10,080 --> 00:02:11,320 OK, you're OK. Perfect. 44 00:02:11,520 --> 00:02:13,920 Do you guys, can I get some thumbs up if you guys can hear 45 00:02:13,920 --> 00:02:17,560 us please in the in the in the audience, maybe see if you hear 46 00:02:17,560 --> 00:02:20,160 Tyler and Mando as well. Check. 47 00:02:20,160 --> 00:02:21,760 Check. Touch Check. 48 00:02:21,760 --> 00:02:23,040 Check. It's good. 49 00:02:23,680 --> 00:02:26,640 Let's go. OK, let's go. 50 00:02:26,800 --> 00:02:29,240 Well, you know what? Let's run it back, baby. 51 00:02:29,400 --> 00:02:31,800 Well, anyways, yeah, So what we're talking about? 52 00:02:31,800 --> 00:02:33,520 Well, you know what? Let's just get into the market 53 00:02:33,560 --> 00:02:35,280 because I think that's what people want to hear about the 54 00:02:35,280 --> 00:02:36,760 most. Now, Amanda, what happened 55 00:02:36,760 --> 00:02:37,920 yesterday? Why did we go to 0? 56 00:02:41,640 --> 00:02:44,440 Who is the man Macro daddy of the land? 57 00:02:48,160 --> 00:02:52,520 Can you dig it? Yeah, not a great day. 58 00:02:52,520 --> 00:02:56,720 It felt like yesterday we continued the the move lower. 59 00:02:57,160 --> 00:03:02,680 I think Solana hit a low of about 1:59, maybe 158 on that 60 00:03:02,680 --> 00:03:06,040 move lower. Bitcoin hit just below 62 K, 61 00:03:06,040 --> 00:03:10,280 it's just just about 62 K and and ETH was hanging out just 62 00:03:10,280 --> 00:03:13,600 above 33000. So big, big move lower. 63 00:03:15,040 --> 00:03:17,600 I think it's been a continuation of what we've been saying for 64 00:03:17,600 --> 00:03:20,920 the last few days, higher chances of Kamala now winning to 65 00:03:21,000 --> 00:03:25,360 see the head in some of the prediction markets, which has 66 00:03:25,360 --> 00:03:28,480 got people just more uncertain, obviously how their policy is 67 00:03:28,480 --> 00:03:33,640 more unknown, but probably not as bullish as as Trump's for the 68 00:03:33,640 --> 00:03:37,520 space. Then you had the Fed coming in 69 00:03:37,560 --> 00:03:41,360 and cutting rates and there's been kind of a, a mixed bag now 70 00:03:41,360 --> 00:03:44,480 because you had the you had some employment days that it came out 71 00:03:44,480 --> 00:03:47,200 today, which basically showed a slowdown in the employment, 72 00:03:47,600 --> 00:03:50,400 employment figures. So there's an indication they 73 00:03:50,400 --> 00:03:51,960 may have left it a little bit too late. 74 00:03:52,160 --> 00:03:54,480 But we've been saying for a while that, you know, Fed rates 75 00:03:54,480 --> 00:03:58,440 are very, very high compared to inflation, which is, which is 76 00:03:58,440 --> 00:04:00,600 materially low. In fact, material like inflation 77 00:04:00,600 --> 00:04:03,640 is relatively close to the Fed's long time target. 78 00:04:03,920 --> 00:04:08,040 So the idea that's so high, you know, it leaves room potentially 79 00:04:08,040 --> 00:04:13,120 for, you know, hurting the economy quite a lot in if 80 00:04:13,120 --> 00:04:16,000 employment was to slow down, we've seen that slow down today 81 00:04:16,360 --> 00:04:17,800 and people are freaking out a little bit. 82 00:04:17,800 --> 00:04:20,760 So the NASDAQ is now is entering what you would call a 83 00:04:20,760 --> 00:04:22,720 correction. So it's looking like it's down 84 00:04:22,720 --> 00:04:25,600 10% from its recent from its local high. 85 00:04:26,320 --> 00:04:29,840 You'd call that correction. A lot of big tech is down a lot 86 00:04:29,840 --> 00:04:32,880 in that period as well. So it hasn't been hasn't been a 87 00:04:32,880 --> 00:04:38,400 good period for stocks as as Tyler says, but crypto felt like 88 00:04:38,400 --> 00:04:41,960 it was already get like getting a bit of a, a beating because of 89 00:04:42,680 --> 00:04:44,400 the Trump stuff. There was some, you know, 90 00:04:44,400 --> 00:04:46,320 geopolitical stuff, which weirdly we we should write 91 00:04:46,320 --> 00:04:49,640 yesterday has been affecting crypto more than other markets. 92 00:04:50,000 --> 00:04:54,160 And yeah, I just just didn't really feel like a strong 93 00:04:54,160 --> 00:04:57,160 sentiment in terms of meme coins or any of the other things that 94 00:04:57,160 --> 00:05:00,720 have had strong narratives which have propelled people into 95 00:05:00,720 --> 00:05:04,000 crypto. So just had a weak few days. 96 00:05:04,000 --> 00:05:06,520 I think a lot of people are very aggressively positioned into the 97 00:05:07,800 --> 00:05:10,960 into the Trump speech on the weekend. 98 00:05:10,960 --> 00:05:13,640 You can see that from the positioning on the futures data. 99 00:05:14,600 --> 00:05:16,560 And I think you're seeing a bit of an unwind of that as well in 100 00:05:16,560 --> 00:05:20,240 terms of positive positioning. I don't know, it feels as though 101 00:05:20,240 --> 00:05:22,760 macro is, is definitely having a bit of a wobble here. 102 00:05:23,560 --> 00:05:30,640 I, I do think that the higher chances of Kamala getting in is 103 00:05:30,640 --> 00:05:35,680 probably bearish for everything that isn't Bitcoin. 104 00:05:36,840 --> 00:05:40,840 And I think my guess now is we could see Bitcoin dominance go 105 00:05:40,840 --> 00:05:45,400 to 60% before the election. It's a 57 now. 106 00:05:46,520 --> 00:05:49,480 If you look, if you zoom out on that chart, I think it's just 107 00:05:49,480 --> 00:05:52,360 been up only for three years or so. 108 00:05:53,080 --> 00:05:57,240 I, I just, I don't get, I don't think it's going to be that 109 00:05:57,240 --> 00:06:00,400 bearish in any scenario for Bitcoin. 110 00:06:00,400 --> 00:06:07,920 But I do think not having regulation around RW as and not 111 00:06:07,920 --> 00:06:10,840 being able to do like a Solana ETF for example, would would be 112 00:06:10,840 --> 00:06:13,280 pretty bearish for, well, not bearish, but definitely wouldn't 113 00:06:13,280 --> 00:06:17,720 be as positive for Ethan Soul. So that's why I think I'm not 114 00:06:17,720 --> 00:06:20,520 over overly bearish, but I do think that Bitcoin dominance is 115 00:06:20,520 --> 00:06:24,640 heading higher. Yeah, I mean, you know, it's 116 00:06:24,640 --> 00:06:26,960 almost like we're still ranging the same area we keep talking 117 00:06:26,960 --> 00:06:31,880 about literally, right. We talked about yesterday, 118 00:06:31,880 --> 00:06:32,760 right? No, it was Wednesday. 119 00:06:32,760 --> 00:06:36,000 No, it wasn't Wednesday. And we're like, hey, we're 120 00:06:36,000 --> 00:06:39,160 probably going to going to go a little lower before going 121 00:06:39,160 --> 00:06:41,040 higher, but maybe sideways, you know? 122 00:06:42,080 --> 00:06:45,240 Anyway, so looks like Bitcoin's back up at 64 1/2. 123 00:06:45,480 --> 00:06:47,160 Did we touch? Yeah, we kind of went above the 124 00:06:47,200 --> 00:06:50,960 65 five really today. Ethan's on change with like 125 00:06:50,960 --> 00:06:53,160 3120. Like we haven't really. 126 00:06:53,840 --> 00:06:56,400 We've been looking at that for a minute and so long at 162. 127 00:06:56,760 --> 00:07:00,320 Listen yesterday when it all dumped all the songs like what 128 00:07:00,320 --> 00:07:02,280 the hell, what happened? And then I found out it's 129 00:07:02,280 --> 00:07:03,760 because of my people. So I'm really sorry. 130 00:07:04,160 --> 00:07:06,440 You know, the Iranian government needs to chill a little bit. 131 00:07:07,040 --> 00:07:09,480 I, I, I don't know what to do about it. 132 00:07:09,600 --> 00:07:12,000 You know, these, these, these MF Rs just just start trying to, 133 00:07:12,000 --> 00:07:17,320 are trying to get in our way, you know, so I forgot which chat 134 00:07:17,320 --> 00:07:18,720 and who it was guys, what are we dumping? 135 00:07:18,720 --> 00:07:21,840 Someone's like your people was like shit, I forgot. 136 00:07:22,040 --> 00:07:27,160 What I think, I think, I think OB, I mean that was like OB OK, 137 00:07:28,880 --> 00:07:30,840 that's in the background. There's there's a lot of reports 138 00:07:30,840 --> 00:07:34,760 that there's going to be a strike, but I don't know. 139 00:07:34,760 --> 00:07:37,920 But I don't think that that would be that horrific as in 140 00:07:37,920 --> 00:07:39,920 like for markets is what I'm talking about. 141 00:07:39,920 --> 00:07:44,600 We've we've kind of seen ongoing tension in that area for a 142 00:07:44,600 --> 00:07:47,920 while. For me, this feels more Mac like 143 00:07:48,240 --> 00:07:51,480 more about economics. People are scared that the Fed 144 00:07:51,480 --> 00:07:53,600 is lesser too late. They might have to foresee like 145 00:07:53,600 --> 00:07:55,280 a double cut or something like that. 146 00:07:55,520 --> 00:07:57,240 We spoke about that yesterday, Tyler. 147 00:07:57,240 --> 00:08:01,280 I do think the chances of of two cuts, but potentially 1 cut 148 00:08:01,280 --> 00:08:04,440 being 50 bits rather than 25 bits has gone up quite a lot. 149 00:08:05,760 --> 00:08:09,600 The NASDAQ is down 3 1/2 percent today and it was down 2 1/2 150 00:08:09,600 --> 00:08:13,800 percent yesterday. So it's, you know, this is this 151 00:08:13,800 --> 00:08:17,800 is and the, the Nikkei, the Japanese stocks were down 6% 152 00:08:17,800 --> 00:08:19,720 today. You don't normally see that. 153 00:08:19,960 --> 00:08:26,640 So you big, big global stock route just on the back of I 154 00:08:26,640 --> 00:08:29,600 think there's some trepidation, you know, when you start cutting 155 00:08:29,600 --> 00:08:31,840 rates, does it imply that the economy is weak? 156 00:08:32,799 --> 00:08:35,559 There was this idea that we were getting like a soft landing, so 157 00:08:35,559 --> 00:08:39,760 it was going to be OK. But the moment that you start to 158 00:08:39,760 --> 00:08:42,880 see some indication that this could be a bit harder than a 159 00:08:42,880 --> 00:08:45,160 soft landing, we sought to freak out. 160 00:08:46,880 --> 00:08:49,040 Yeah, I guess this would throw me off a little bit. 161 00:08:49,040 --> 00:08:51,840 So much about like all the the freak out here is like we've 162 00:08:51,840 --> 00:08:55,080 been we've been talking and this payment, these rate cuts for so 163 00:08:55,080 --> 00:08:59,520 long, which you know, we've been talking about being bullish and 164 00:09:00,000 --> 00:09:02,680 AL's come out and said like the primary data points that have to 165 00:09:02,680 --> 00:09:05,800 come into place are, you know, inflation and and unemployment 166 00:09:06,480 --> 00:09:08,800 and now it's happening and now like everyone put bear. 167 00:09:08,800 --> 00:09:10,640 So I guess I don't understand that conceptually. 168 00:09:11,360 --> 00:09:13,800 Like how do the concepts here change I guess? 169 00:09:14,680 --> 00:09:16,400 Yeah. Normally in a rate cut 170 00:09:16,400 --> 00:09:19,520 environment, like generally in a rate cut environment, you do, 171 00:09:19,600 --> 00:09:24,080 the stock market does rally, but they're often tied to 172 00:09:24,080 --> 00:09:26,560 recessions. So you get this like dip and 173 00:09:26,560 --> 00:09:29,560 then suddenly you get this rebound on the back of rate 174 00:09:29,560 --> 00:09:32,520 cuts. This has been one of the few 175 00:09:32,760 --> 00:09:36,200 soft landings potentially ever after a hiking period. 176 00:09:38,440 --> 00:09:43,120 And the idea is that they've left these rates very, very 177 00:09:43,120 --> 00:09:44,000 high. If you go to like true 178 00:09:44,000 --> 00:09:46,520 inflation, for example, which is another way to look at 179 00:09:46,520 --> 00:09:51,000 inflation, inflation below 2% in the US right now. 180 00:09:51,000 --> 00:09:53,800 It may not be for certain things like groceries, but it's 181 00:09:53,800 --> 00:09:58,440 definitely come down a lot. So I think people are worried 182 00:09:58,440 --> 00:10:01,640 that they've kind of, they've turned what was going to be 183 00:10:01,640 --> 00:10:04,960 magnificent soft landing and potentially into a hard landing. 184 00:10:05,360 --> 00:10:08,800 And that will freak people out. But I know what you'll mean. 185 00:10:08,920 --> 00:10:11,280 You mean it's kind of happened exactly how they said it would 186 00:10:11,280 --> 00:10:12,880 happen? That is true. 187 00:10:13,200 --> 00:10:16,120 But I think people were saying that it would be a soft landing 188 00:10:16,120 --> 00:10:17,800 * clot. And now it looks like it's going 189 00:10:17,800 --> 00:10:20,880 to be. They could have over overshot 190 00:10:21,480 --> 00:10:24,640 and basically we could get in, go into a harder recession. 191 00:10:25,160 --> 00:10:28,120 Yeah, well, certainly. See, I, I feel like it doesn't. 192 00:10:28,520 --> 00:10:30,440 There's boots on the ground here in America, I guess. 193 00:10:31,160 --> 00:10:33,920 Does it feel like a super strong recession to me? 194 00:10:33,920 --> 00:10:36,360 Like I remember back in 2008, most of my friends, like a lot 195 00:10:36,360 --> 00:10:40,000 of my friends were laid off and could not get jobs in 2008. 196 00:10:40,480 --> 00:10:42,960 And granted, my social circle's a little bit different now, like 197 00:10:42,960 --> 00:10:47,520 I'm 39, but I don't, I'm not seeing like that, that level of 198 00:10:47,520 --> 00:10:50,480 like true folks who are laying getting laid off and they can't 199 00:10:50,480 --> 00:10:53,880 get jobs. So it feels a little. 200 00:10:53,920 --> 00:10:57,160 Yeah, isn't the best way to see, isn't the best way to see if 201 00:10:57,160 --> 00:10:58,960 you're in a recession to go ask a strip club. 202 00:10:59,560 --> 00:11:00,800 Wasn't that the thing they've been? 203 00:11:00,840 --> 00:11:03,480 Bad. Yeah, they've been bad for a 204 00:11:03,480 --> 00:11:05,440 while, I think. If someone want to go on the 205 00:11:05,440 --> 00:11:07,200 ground for us and let us know we're all cuffed. 206 00:11:07,280 --> 00:11:11,240 I, I'm, I'm newly engaged. I, I, I, you know, these guys 207 00:11:11,240 --> 00:11:13,680 are dads with kids. If someone, if someone wants to 208 00:11:13,680 --> 00:11:16,720 do us a favor in the audience and go ask a stripper for us if 209 00:11:16,720 --> 00:11:18,560 we're in a recession or not, because that's where they feel 210 00:11:18,560 --> 00:11:19,240 it the most, right? I. 211 00:11:21,120 --> 00:11:26,440 Mean in 2008, I think unemployment was, was like 7 or 212 00:11:26,440 --> 00:11:27,680 8%. It was. 213 00:11:27,800 --> 00:11:31,560 And at the moment it's 4.24.3. We're not we're not at that sort 214 00:11:31,560 --> 00:11:35,960 of level. But yeah, it it, it's more just 215 00:11:37,200 --> 00:11:40,680 we've, you know, stocks around the world, if at all time highs. 216 00:11:40,680 --> 00:11:43,640 It's not like we're sitting here and going like, Oh my God, it's 217 00:11:43,640 --> 00:11:47,840 down 6% and it's negative on the year. 218 00:11:47,840 --> 00:11:51,520 Like stocks have been ripping, absolutely ripping. 219 00:11:51,960 --> 00:11:54,760 So now the idea that they may may not have perform this 220 00:11:54,760 --> 00:11:58,040 perfect soft landing is is is freaking people out of it. 221 00:12:00,360 --> 00:12:02,840 Yeah, that makes sense. Everything was to to maintain 222 00:12:02,840 --> 00:12:05,440 the positive momentum, like everything had to be perfect. 223 00:12:05,480 --> 00:12:07,520 And it's just, it's, it's looking like it's not perfect. 224 00:12:08,160 --> 00:12:12,920 Yeah. Yeah, that's exactly it, that I 225 00:12:12,920 --> 00:12:16,160 didn't realize that ozone Kamala on polymarkets getting so, so 226 00:12:16,160 --> 00:12:19,440 much higher. I knew I knew there was a holder 227 00:12:19,440 --> 00:12:25,400 difference, but like the that that has been this 44% now 44% 228 00:12:26,840 --> 00:12:31,400 they're putting. It's funny how there is more 229 00:12:31,400 --> 00:12:37,120 chances on the markets for Michelle Obama than RFKI. 230 00:12:37,120 --> 00:12:39,040 Just saw that too. That was funny. 231 00:12:39,040 --> 00:12:42,240 Look at that. Seriously, look at this this, 232 00:12:42,400 --> 00:12:45,320 this is. Where the the line that Pauline 233 00:12:45,320 --> 00:12:48,200 Markert is a truth telling machine is a little bit Gray, 234 00:12:48,440 --> 00:12:52,440 it's much more likely that it's a few heavy betters who are who 235 00:12:52,440 --> 00:12:54,960 are just doubling down on Michelle Obama because I don't 236 00:12:54,960 --> 00:12:58,520 see how she's more likely than our I think the Obamas came out 237 00:12:58,520 --> 00:13:01,880 and endorsed Kamala. OK, Yeah. 238 00:13:02,120 --> 00:13:05,120 You know, the, the best thing for us at this stage is we need 239 00:13:05,600 --> 00:13:08,280 the depth just GoPro crypto and we're saved. 240 00:13:11,440 --> 00:13:15,120 Please, I, I, I go to sleep every night and I pray that the 241 00:13:15,120 --> 00:13:18,000 Democrats say one bullish thing on crypto just so we don't have 242 00:13:18,000 --> 00:13:20,160 to make this a political thing anymore. 243 00:13:21,280 --> 00:13:23,520 It's just. Like there's some crypto client 244 00:13:23,600 --> 00:13:27,320 table happening on Monday. I think I I saw I I don't have 245 00:13:27,320 --> 00:13:32,680 the the link to Twitter. I saw there is some I think 246 00:13:32,760 --> 00:13:35,200 Rokon was reporting on this. I'll I'll have to try to see if 247 00:13:35,200 --> 00:13:38,400 I can find this while while we're chatting, but they're 248 00:13:38,400 --> 00:13:40,160 starting to come to the table. I think everyone's very 249 00:13:40,160 --> 00:13:43,120 skeptical of it. And also it seems like the 250 00:13:43,120 --> 00:13:46,160 permissionless crew is really trying to get comma would come. 251 00:13:46,840 --> 00:13:48,400 So that'll be interesting as well. 252 00:13:48,680 --> 00:13:52,440 That would be good. It would be it would be really 253 00:13:52,440 --> 00:13:54,680 good for that to happen. I'm just going through. 254 00:13:54,680 --> 00:13:57,320 I'm trying to find it, but I don't I don't see it. 255 00:13:57,320 --> 00:13:58,600 But anyways. So there you go. 256 00:13:58,600 --> 00:14:01,040 That's your markets today. We're still we're we're still 257 00:14:01,040 --> 00:14:02,040 good though. Don't worry, y'all. 258 00:14:02,040 --> 00:14:04,680 I mean, our memes are bleeding. The memes are definitely 259 00:14:05,040 --> 00:14:07,640 bleeding versus the majors, but I'm sure we'll get to that. 260 00:14:07,640 --> 00:14:09,840 Tyler, Tyler, let's see what you got for us. 261 00:14:18,960 --> 00:14:24,480 Today, all right, crypto majors relatively strong here today 262 00:14:24,480 --> 00:14:26,640 compared to stocks after a bad jobs report. 263 00:14:26,640 --> 00:14:29,040 Seoul is lagging, down about 3 1/2 percent. 264 00:14:29,040 --> 00:14:32,720 Bitcoin at 64,700. Big Mike, Michael Saylor, he's 265 00:14:32,720 --> 00:14:36,880 looking to buy another 2 billion of Bitcoin for micro strategy. 266 00:14:37,120 --> 00:14:40,200 Certainly another loud headline, more of a quiet headline here. 267 00:14:40,280 --> 00:14:45,080 Block and Square the company, they bought another 173 Bitcoin 268 00:14:45,200 --> 00:14:47,880 this past quarter. So another major company putting 269 00:14:47,880 --> 00:14:50,760 Bitcoin on their balance sheet. We had Coinbase released their 270 00:14:50,760 --> 00:14:56,440 Q2 earnings included a beat in revenue at 1.4 billion, though a 271 00:14:56,480 --> 00:15:00,440 drop in income tied to a 27% fall quarter over quarter in 272 00:15:00,440 --> 00:15:03,680 trading and transaction fees. So that was notable. 273 00:15:03,960 --> 00:15:06,880 Jupiter, they have officially launched this supply reduction 274 00:15:06,880 --> 00:15:09,800 proposal. It is now live proposing 30% 275 00:15:09,800 --> 00:15:13,640 token burn from their 10 billion total token supply to 7 billion, 276 00:15:13,640 --> 00:15:16,040 including 30% cut in the team tokens. 277 00:15:16,400 --> 00:15:20,000 In meme news Coinbase advance they're going to list PERT 278 00:15:20,000 --> 00:15:23,760 futures for MU and meme coins in meme lands. 279 00:15:23,800 --> 00:15:28,240 Meme token positive news there less positive. 280 00:15:28,240 --> 00:15:31,200 Scottie Pippen his latest meme coin launch ball. 281 00:15:31,440 --> 00:15:34,560 It is holding it's holding around 3,000,000 bucks market 282 00:15:34,560 --> 00:15:37,280 cap. This is the dev the the dev sold 283 00:15:37,280 --> 00:15:44,080 330,000 in one clip that perhaps inspired Beeples last every day 284 00:15:45,040 --> 00:15:48,520 titled Pump Dumpster fire. Kind of a a sign of the times 285 00:15:48,520 --> 00:15:51,960 with where we're at here In August 2024, a couple quick NFC 286 00:15:51,960 --> 00:15:54,320 headlines doodles. They officially unveiled their 287 00:15:54,320 --> 00:15:57,400 collab with Arizona Iced Tea, sharing that special tea bottles 288 00:15:57,400 --> 00:16:00,040 will be available for purchase online and in select physical 289 00:16:00,040 --> 00:16:02,760 locations, New York, Southern California and Miami. 290 00:16:02,840 --> 00:16:05,360 Then rec drinks. Shout out to to our recs crew. 291 00:16:05,360 --> 00:16:08,560 They introduced the new Recs Rewards program, allowing users 292 00:16:08,560 --> 00:16:11,720 to earn those drank points for completing quests and for the 293 00:16:11,720 --> 00:16:12,280 city. Games. 294 00:16:16,160 --> 00:16:20,040 I love one man, she's so funny, dude, I always do that. 295 00:16:20,480 --> 00:16:23,480 It's hilarious. OK, I was going to say let's 296 00:16:23,480 --> 00:16:26,040 start with Scottie Pippen, but let's just start with Rex, then 297 00:16:26,040 --> 00:16:27,920 we'll go to Scottie Pippen because the Scottie shit is 298 00:16:27,920 --> 00:16:30,120 hilarious. I mean, tell me more man, 299 00:16:30,120 --> 00:16:34,560 though, man, we, you're, you're chefing out there in London, are 300 00:16:34,560 --> 00:16:36,800 you? Yeah, we got a lot of stuff 301 00:16:36,800 --> 00:16:38,640 happening. I mean, OSF in the guy leading 302 00:16:38,640 --> 00:16:42,120 it alongside you got a couple of rec guys in the community about 303 00:16:43,000 --> 00:16:45,680 help build it out as well. But yeah, you're going to be 304 00:16:45,680 --> 00:16:48,840 able to basically earn drinks doing various things, including 305 00:16:48,840 --> 00:16:53,200 buying drinks and who knows where that leads. 306 00:16:53,360 --> 00:16:57,200 But yeah, drank, drank points. Have you gone to the website? 307 00:16:57,760 --> 00:16:58,880 Of course you haven't. I have not. 308 00:16:58,880 --> 00:17:00,280 I'm not to do it for the first time. 309 00:17:01,120 --> 00:17:03,440 Yeah, I have, not you. Might be playing. 310 00:17:05,400 --> 00:17:09,240 I think Burn last time I checked was like it was quite far high 311 00:17:09,240 --> 00:17:11,280 up the leaderboard. I need to check he's he's on it 312 00:17:11,280 --> 00:17:13,720 already. But you're not much of familiar 313 00:17:13,760 --> 00:17:18,800 faces are on the board. Let me take a shot. 314 00:17:20,480 --> 00:17:26,160 So first you take this is fun. Look at this Tyler terms of 315 00:17:26,160 --> 00:17:28,960 service. Of course yes I've totally read 316 00:17:28,960 --> 00:17:37,120 them wallet Madamask, but my red guys are in my vault. 317 00:17:38,760 --> 00:17:44,000 Does that change something? No OK, I'll do it after yeah, 318 00:17:44,560 --> 00:17:48,040 I'll do it after yeah maybe I'll just move move on out of of 319 00:17:48,040 --> 00:17:50,960 there and check it out. This is fun, though OK so points 320 00:17:51,360 --> 00:17:55,080 so you guys are unveiling points for let me see you That's that 321 00:17:55,080 --> 00:17:56,800 was by the way, this content is insane. 322 00:17:56,880 --> 00:17:58,200 You guys are so good at this shit. 323 00:17:58,800 --> 00:18:01,160 I love it. You guys are crushing it with 324 00:18:01,160 --> 00:18:05,080 that the red guy coming coming to life it's really fun all 325 00:18:05,080 --> 00:18:07,640 right well, I guess something is brewing huh they're. 326 00:18:10,200 --> 00:18:14,760 Working hard, bloody hard on it. I wish OSF was on the show 327 00:18:14,800 --> 00:18:16,320 actually, he would have had to take you through. 328 00:18:16,320 --> 00:18:20,920 But basically we should be having the drinks out soon, at 329 00:18:20,920 --> 00:18:23,320 least the first batch. But for now there's just a bunch 330 00:18:23,320 --> 00:18:27,400 of different quests you can do. Classic point system, really. 331 00:18:28,760 --> 00:18:32,320 So when you started this whole shit, like with DJs, did you 332 00:18:32,360 --> 00:18:34,960 think one day you'd start a fucking beverage company? 333 00:18:35,240 --> 00:18:37,920 Like I said, like did you like? Yeah, it is so. 334 00:18:38,080 --> 00:18:40,680 Absurd. Like in a good way. 335 00:18:42,880 --> 00:18:44,640 I think it's been like a passion project. 336 00:18:44,640 --> 00:18:49,360 OSF really wanted to create this drink, right, based on him 337 00:18:49,360 --> 00:18:54,280 drinking less alcohol. And we always felt like Wrecked 338 00:18:54,280 --> 00:18:56,920 actually could be a really good brand from from the from the 339 00:18:56,920 --> 00:19:00,600 moment that it's created. So this is and now everyone owns 340 00:19:00,600 --> 00:19:03,000 it as well, like the whole, all the community own this as well. 341 00:19:03,000 --> 00:19:06,160 So I think it's just you got a really good shot of creating 342 00:19:06,160 --> 00:19:09,640 something pretty cool there. It's cool to watch passion 343 00:19:09,640 --> 00:19:12,160 projects. Yeah, this, this does feel like 344 00:19:12,160 --> 00:19:14,120 that. You know, it doesn't feel 345 00:19:14,120 --> 00:19:16,080 forced. You know, you're clearly you're 346 00:19:16,080 --> 00:19:18,400 doing this and sharing so much of it back with holders. 347 00:19:18,400 --> 00:19:20,000 So it's hard not to root for this. 348 00:19:22,960 --> 00:19:25,080 I love that. I'm going to have to go farm 349 00:19:25,080 --> 00:19:26,680 this shit. This is cool. 350 00:19:26,960 --> 00:19:29,880 I I love this this is or rock radio. 351 00:19:29,880 --> 00:19:31,920 Look at that. If you don't want to find 352 00:19:31,920 --> 00:19:34,720 anything you'll be able to claim a bonus 1000 drank there you go 353 00:19:35,080 --> 00:19:37,960 there you go Make sure you claim y'all make sure you claim Hell 354 00:19:37,960 --> 00:19:40,440 yeah, that's awesome. Make sure you claim your wreck 355 00:19:40,440 --> 00:19:43,440 points. Your drank drank points, right? 356 00:19:43,960 --> 00:19:47,600 Because drank you came up with that. 357 00:19:49,720 --> 00:19:51,400 I think that was a group effort if I'm honest. 358 00:19:51,800 --> 00:19:56,120 OSF is not a big like, I don't think he likes rap that music 359 00:19:56,120 --> 00:19:57,200 that much. So I don't think he was. 360 00:19:57,200 --> 00:19:59,600 I don't think he's like AT Pain Reference or anything like that. 361 00:20:01,720 --> 00:20:10,400 Let me buy you a drink. I don't have money in the bank 362 00:20:10,520 --> 00:20:14,080 anymore. I love it AT pain reference. 363 00:20:14,080 --> 00:20:15,320 Hell yeah. There you go. 364 00:20:15,600 --> 00:20:19,400 Someone said I call his Haram, but drank ain't there you go. 365 00:20:19,440 --> 00:20:25,200 That's that's I love that Tyler. Talk to me about this, Scotty. 366 00:20:25,200 --> 00:20:29,440 I mean, I am like I am. I have to say, I'm sure because 367 00:20:29,440 --> 00:20:32,240 he used to listen to remember Mendel, like when he did the NFT 368 00:20:32,240 --> 00:20:33,440 thing. He used to like actually listen 369 00:20:33,440 --> 00:20:37,200 to FOMO hour where was for a moment, he was always in the 370 00:20:37,200 --> 00:20:39,200 audience. So him or his whoever is behind 371 00:20:39,200 --> 00:20:41,320 the account. And now he's back. 372 00:20:41,320 --> 00:20:43,560 I mean, run me through this is absurd. 373 00:20:43,920 --> 00:20:47,560 Run me through this, Tyler. Yeah, I mean, so he popped up, 374 00:20:47,920 --> 00:20:50,920 well, maybe a couple weeks back and was like, you know, starting 375 00:20:50,920 --> 00:20:52,720 to do like the classic celebrity thing. 376 00:20:52,720 --> 00:20:54,720 Of course, this is the Skype having Twitter account. 377 00:20:54,720 --> 00:20:57,480 We don't know if it's him or his manager or whatever, you know, 378 00:20:57,640 --> 00:21:01,240 jumping in Twitter Spaces saying like, oh, Solana or Ethereum, 379 00:21:01,240 --> 00:21:02,640 stuff like this. And then they start this 380 00:21:02,640 --> 00:21:07,760 tagline, Be like Satoshi. I go, OK, yeah. 381 00:21:07,840 --> 00:21:10,560 So you're you're really taking this seriously with be like 382 00:21:10,560 --> 00:21:11,360 Satoshi. So what? 383 00:21:11,360 --> 00:21:17,200 Maybe not like Satoshi is to, you know, full stack Hitler, the 384 00:21:17,280 --> 00:21:21,400 the the coin, you know, from the dev wallet just a handful of 385 00:21:21,400 --> 00:21:24,560 hours after launch. So I I just sent you a tweet 386 00:21:24,560 --> 00:21:26,640 from from Waz. He had the the chart. 387 00:21:26,640 --> 00:21:30,680 It's pretty pretty epic. I think with then with it, it's 388 00:21:30,680 --> 00:21:33,040 ball. It's on 8th, though. 389 00:21:33,960 --> 00:21:39,280 Yes, the token is on ticker ball it I mean it's still holding at 390 00:21:39,280 --> 00:21:43,440 2.7 million with half a million in liquidity. 391 00:21:43,680 --> 00:21:47,800 So like it's I don't know exactly where where folks got in 392 00:21:47,800 --> 00:21:52,880 that it did spike to about 10 million before the devs sold it 393 00:21:52,880 --> 00:21:58,320 sold 330,000 worth in one clip but that didn't send it to. 394 00:21:58,320 --> 00:22:00,760 Zero is there CTL? When people came back. 395 00:22:00,760 --> 00:22:05,520 And so, yeah, I'm not in the trenches on this one. 396 00:22:05,520 --> 00:22:07,440 Like clearly people are still buying it. 397 00:22:08,320 --> 00:22:10,040 Perhaps it's because the liquidity is good. 398 00:22:11,280 --> 00:22:13,680 I go to like that five minute or something. 399 00:22:13,680 --> 00:22:19,200 Yeah, there you see it there. So I mean it ran. 400 00:22:19,600 --> 00:22:21,160 It's. Straight up. 401 00:22:21,320 --> 00:22:26,280 Darth Vader, look at this red candle. 402 00:22:29,400 --> 00:22:31,040 I feel like we're just not taking any of this stuff 403 00:22:31,040 --> 00:22:33,600 seriously anymore, which which is probably a good thing, you 404 00:22:33,600 --> 00:22:35,800 know, for the space. Like we, we moved on from the 405 00:22:35,800 --> 00:22:40,520 celeb meta pretty damn fast and, and rightfully so. 406 00:22:40,520 --> 00:22:42,160 And like these are these are the outcomes. 407 00:22:43,960 --> 00:22:45,680 So. So how much is Scottie Pippen 408 00:22:45,680 --> 00:22:50,760 worth? I would guess less than we all 409 00:22:50,760 --> 00:22:52,840 think if he's doing stuff like this. 410 00:22:52,840 --> 00:22:56,360 Let me see if I can pull up. I don't. 411 00:22:56,440 --> 00:22:59,920 I don't know offhand. It says 20 men online, but you 412 00:22:59,920 --> 00:23:03,240 know, I never know about online. He's been doing a lot of. 413 00:23:03,600 --> 00:23:05,000 Random. Cryptic stuff, right? 414 00:23:05,000 --> 00:23:10,280 Like didn't he do an NFT back in the day he's been around? 415 00:23:12,160 --> 00:23:15,120 He used to listen to the show and tag us to get to stuff like 416 00:23:15,120 --> 00:23:17,240 that. He's like all like the typical 417 00:23:17,240 --> 00:23:22,000 playbook, like follows me comes on the show like he's in the 418 00:23:22,000 --> 00:23:24,880 audience, tweets at us. That's interesting. 419 00:23:25,120 --> 00:23:26,800 So that's two and a half million dollars though. 420 00:23:26,800 --> 00:23:30,800 So it's not a zero. It's actually. 421 00:23:31,320 --> 00:23:37,280 Actively dumping right now. Oh shit that's hilarious. 422 00:23:38,480 --> 00:23:43,160 Oh my God that is so Oh my Oh yeah is it is it is dumping 423 00:23:43,160 --> 00:23:45,160 right now. It it is definitely dumping. 424 00:23:45,160 --> 00:23:48,480 It just lost another $300,000 market cap in like 5 seconds. 425 00:23:49,200 --> 00:23:51,560 So it is definitely lower now. I don't know. 426 00:23:51,560 --> 00:23:53,120 I find this fat. I mean did you guys see the 427 00:23:53,120 --> 00:23:55,040 video he posted? I think it's so weird. 428 00:23:55,880 --> 00:23:57,160 Oh, I actually didn't see. That this one. 429 00:23:58,560 --> 00:24:02,080 What did he do? Decentralization. 430 00:24:03,680 --> 00:24:07,520 Real world. Sports. 431 00:24:15,360 --> 00:24:18,360 So this is, this is like the quality of his advisors, right? 432 00:24:19,560 --> 00:24:25,000 Security decentralization. That's an old time video. 433 00:24:27,120 --> 00:24:29,720 This is insane. I mean, look at, look at. 434 00:24:29,720 --> 00:24:31,200 He's like, yeah, B, like Satoshi. 435 00:24:31,520 --> 00:24:33,680 Like what? What is what is going on here? 436 00:24:33,800 --> 00:24:34,280 Like what? What? 437 00:24:34,640 --> 00:24:37,560 What is going on here like? It's tough, man. 438 00:24:37,560 --> 00:24:40,560 We we love it, but it's like a little harder. 439 00:24:40,640 --> 00:24:43,320 I mean, I think we can all probably get past this stuff, 440 00:24:43,320 --> 00:24:45,320 but like, damn. I mean, it kind of sucks to 441 00:24:45,320 --> 00:24:47,320 watch in real time. Tyler, how do you feel about 442 00:24:47,320 --> 00:24:49,320 this? This is like your this guy's 443 00:24:49,320 --> 00:24:51,680 like your goat. How do you feel about this as a 444 00:24:51,720 --> 00:24:52,160 shit? I love it. 445 00:24:52,160 --> 00:24:57,160 To be honest, in in some like my initial reaction is like doesn't 446 00:24:57,160 --> 00:25:01,160 tarnish his legacy a little bit, But I mean, when you zoom out 447 00:25:01,160 --> 00:25:05,920 further, probably not, but it's not it doesn't make me like it 448 00:25:05,920 --> 00:25:07,320 more. I'll I'll say that. 449 00:25:09,640 --> 00:25:12,040 But you know what it is? We see it, but I don't think 450 00:25:12,040 --> 00:25:13,920 normies see it. Like they don't do that stuff on 451 00:25:13,920 --> 00:25:15,000 our GS and stuff. That's why. 452 00:25:15,840 --> 00:25:19,240 They still do it right? It's like this is going to blow 453 00:25:19,240 --> 00:25:22,720 over in two days and then he'll be able to do it again next year 454 00:25:22,720 --> 00:25:26,040 if he wants. Like he wants another 300,000 so 455 00:25:26,360 --> 00:25:29,120 and no one else cares so he'll be fine. 456 00:25:29,520 --> 00:25:37,480 Question like what's 300K like like I'm not you know I'm not oh 457 00:25:37,800 --> 00:25:41,280 $8 million is nothing LMAO but 3K after taxes is fucking 458 00:25:41,280 --> 00:25:42,880 nothing. Like you can't buy anything 459 00:25:42,880 --> 00:25:46,400 anymore like especially with without those rake cuts. 460 00:25:47,560 --> 00:25:50,760 Yeah like what? Like all this for 300 grand like 461 00:25:51,560 --> 00:25:53,280 this is weird. No you guys don't find this all 462 00:25:53,280 --> 00:25:55,040 weird. Like, don't you look at this 463 00:25:55,040 --> 00:25:59,400 from like, what the fuck? I don't know how broke he is. 464 00:26:00,040 --> 00:26:01,440 He's been married a few times, right? 465 00:26:01,440 --> 00:26:07,400 So I don't know. I think people like making 466 00:26:07,400 --> 00:26:10,080 money. They like making easy money, and 467 00:26:10,080 --> 00:26:11,840 he's probably making a lot less than he was. 468 00:26:13,440 --> 00:26:19,240 So yeah, I don't know the legal risks or stuff like this. 469 00:26:19,240 --> 00:26:23,440 I'm guessing he's like hands off enough that he doesn't face that 470 00:26:23,440 --> 00:26:24,280 type of thing. But. 471 00:26:27,680 --> 00:26:32,560 Dude, yes, almost in I, I, I I my boss doesn't get out of bed 472 00:26:32,560 --> 00:26:34,680 for 300K. Well, I'll get out of bed for 473 00:26:34,680 --> 00:26:37,560 300 grand, but I'm saying I'm trying to like tarnish my legacy 474 00:26:37,560 --> 00:26:38,920 for 300 grand. You know what I mean? 475 00:26:38,920 --> 00:26:42,240 Like or like do like a a so it's like ball. 476 00:26:42,240 --> 00:26:44,440 So they're tokenizing the game five ball too. 477 00:26:44,440 --> 00:26:46,600 Like it's like a whole like it's the actual real thing. 478 00:26:46,600 --> 00:26:48,680 I don't know. Decentralization. 479 00:26:49,840 --> 00:26:54,960 OK, yeah, I didn't realize that. Oh, we got to go through these 480 00:26:54,960 --> 00:26:58,800 tweets, City. Decentralization. 481 00:27:02,720 --> 00:27:09,000 Community decentralization, Real world sports art. 482 00:27:09,000 --> 00:27:18,160 You like skeleton? Love it, love it. 483 00:27:20,680 --> 00:27:35,080 Decentralization. Oh my God this is so funny dude 484 00:27:35,280 --> 00:27:42,960 holy shit this is so good. Oh my God this is wild. 485 00:27:43,800 --> 00:27:45,720 I mean who convinces these people to do this? 486 00:27:45,720 --> 00:27:49,160 Is Sahel behind this? Baby. 487 00:27:51,160 --> 00:27:54,840 I mean if Sahel is behind this, he's truly the GOAT like there's 488 00:27:54,840 --> 00:27:58,280 no questions like he he is the best of done these scams then 489 00:27:58,520 --> 00:28:04,480 what this one? I have the game five ball from 490 00:28:04,480 --> 00:28:11,080 our first championship win against the late in 1991 right 491 00:28:11,080 --> 00:28:17,560 here. 33 years later, I'm making history. 492 00:28:17,800 --> 00:28:23,240 Again. By this historic ball on the 493 00:28:23,280 --> 00:28:28,440 blockchain. So let's make history together 494 00:28:28,960 --> 00:28:33,600 as you can officially be a part of the missionary moment. 495 00:28:35,280 --> 00:28:39,960 Hey everyone. I'm trying to research most 496 00:28:39,960 --> 00:28:42,800 collectibles here. OK, so the 1998 Michael Jordan 497 00:28:42,800 --> 00:28:46,040 Finals jersey was worth sold for $10 million. 498 00:28:46,720 --> 00:28:49,120 Yeah, I remember that. Like so like that's an iconic 499 00:28:49,120 --> 00:28:51,080 like that's top of the line. So I'm trying to figure out 500 00:28:51,080 --> 00:28:53,320 like, you know, what could be a fair market value for this 501 00:28:53,320 --> 00:28:56,480 basketball. So I guess that's that's 502 00:28:56,480 --> 00:28:59,200 probably keeping it up. I don't know, like I'm just 503 00:28:59,200 --> 00:29:01,520 trying to come up with any reason why this thing is not 504 00:29:01,520 --> 00:29:04,280 like at 0 but. But there's no proof of 505 00:29:04,280 --> 00:29:05,880 ownership. Like you own the coin, you don't 506 00:29:05,880 --> 00:29:08,160 own the thing. Like even if it was an NFT, it's 507 00:29:08,160 --> 00:29:14,000 like like fractionalized. Decentralization. 508 00:29:14,240 --> 00:29:17,640 You know what I mean? Good call. 509 00:29:18,120 --> 00:29:20,800 I mean, haven't we seen that with like some of the, the doge, 510 00:29:21,200 --> 00:29:24,320 some of the there's the team that like fractionalizes the, 511 00:29:24,560 --> 00:29:27,840 the memes and and whatnot and yeah, inner drops of tokens 512 00:29:28,120 --> 00:29:29,120 there's. Some stock token. 513 00:29:29,800 --> 00:29:31,960 Yeah. Oh my God. 514 00:29:32,400 --> 00:29:33,680 Mock it's. Going to 0 mock. 515 00:29:34,080 --> 00:29:38,000 It's going to 0 right now guys. What's going on? 516 00:29:39,880 --> 00:29:43,720 What I meant that's 64. Get that out there. 517 00:29:43,920 --> 00:29:46,800 What? Yes, just looking at cross 518 00:29:46,840 --> 00:29:48,840 walking, everything is just tanking man. 519 00:29:51,680 --> 00:29:52,920 Yeah. Is it over I? 520 00:29:55,400 --> 00:29:58,200 Don't know if it's over but it's definitely looking so good. 521 00:30:00,600 --> 00:30:02,280 All right, well, moment on Tyler. 522 00:30:02,280 --> 00:30:04,200 What else? What else you got for us here? 523 00:30:04,280 --> 00:30:08,200 A reminder everybody to retweet spaces because we got the rule 524 00:30:08,200 --> 00:30:11,120 bit loot box pins again today and we're actually going to pick 525 00:30:11,120 --> 00:30:13,320 two people from the crowd directly that way. 526 00:30:13,520 --> 00:30:16,000 That way we get 222 listeners here. 527 00:30:16,480 --> 00:30:17,720 The question stuff is complicated. 528 00:30:17,720 --> 00:30:19,920 We'll do it, bring it back next week, but we'll pick someone. 529 00:30:19,920 --> 00:30:22,280 What else you got for us today, Tyler? 530 00:30:22,720 --> 00:30:26,480 Yeah, maybe a couple things. So quickly on the Coinbase Q2 531 00:30:26,480 --> 00:30:29,240 earnings, if folks care about that, I think a lot of people 532 00:30:29,240 --> 00:30:31,520 do. Total revenue again 1.4 million, 533 00:30:31,520 --> 00:30:33,520 it's down 1% quarter over quarter. 534 00:30:33,880 --> 00:30:37,560 Transaction revenue 780 million, that's down 27% quarter over 535 00:30:37,560 --> 00:30:39,360 quarter. That's tied to the trading on 536 00:30:39,360 --> 00:30:41,200 their platform. Their subscription and services 537 00:30:41,200 --> 00:30:45,280 were up 17% noticeably. Like I, I didn't see a whole lot 538 00:30:45,280 --> 00:30:48,840 of chatter about base itself. Perhaps I just missed that. 539 00:30:49,640 --> 00:30:53,880 A few other takeaways from like the Q&A call, they said that 540 00:30:54,000 --> 00:30:56,920 they were talking about L twos and the fact that no one wants 541 00:30:56,920 --> 00:30:59,000 to bridge. That was a direct quote, I 542 00:30:59,000 --> 00:31:02,760 believe from Brian Armstrong. Some more of a direct path to 543 00:31:02,760 --> 00:31:05,520 base via their smart wall is what they're looking for. 544 00:31:05,720 --> 00:31:09,160 They're excited for Robin Hood's growth as it grows the overall 545 00:31:09,160 --> 00:31:12,080 pie. They know that 56% of Fortune 546 00:31:12,080 --> 00:31:14,880 500 companies have on chain projects. 547 00:31:15,640 --> 00:31:18,440 So they're here, right? It's, it's not like we're in 548 00:31:18,440 --> 00:31:21,280 like the early Genesis stages, like over half these companies 549 00:31:21,280 --> 00:31:22,960 are, are building. And then they said over the next 550 00:31:22,960 --> 00:31:26,120 three to five years focused on scalability, regulatory clarity 551 00:31:26,120 --> 00:31:30,120 and utility. So no, like massive takeaways. 552 00:31:30,120 --> 00:31:32,560 I think it's somewhat notable that that trading was down 553 00:31:32,840 --> 00:31:34,960 fairly substantially quarter over quarter. 554 00:31:35,280 --> 00:31:37,280 It could be just partially like a summertime thing. 555 00:31:37,280 --> 00:31:41,680 I would expect it to be probably fairly lower as well in Q3. 556 00:31:42,120 --> 00:31:44,400 Then Q4 will be the the one to watch. 557 00:31:44,400 --> 00:31:48,280 Stock opened up 2%, but I'm imagining it's probably down 558 00:31:48,680 --> 00:31:50,080 with the rest of the market here today. 559 00:31:50,080 --> 00:31:53,080 Yeah. It's, it's, it's, I'm actually 560 00:31:53,080 --> 00:31:56,880 surprised of how much, how red it is, because those are some 561 00:31:56,880 --> 00:32:04,840 pretty good statistics, right? Yeah, it's, it's tricky, Yeah. 562 00:32:06,480 --> 00:32:08,600 I'm looking, I mean, the everything's down right, 563 00:32:08,760 --> 00:32:10,920 Absolutely everything's getting hammered right now. 564 00:32:10,920 --> 00:32:15,400 So it is what is hang tight, yo, hang tight, hang tight. 565 00:32:15,440 --> 00:32:18,280 Super cycle. Super cycle. 566 00:32:21,120 --> 00:32:22,720 We're still holding the party. Lines we're. 567 00:32:22,960 --> 00:32:28,280 Holding the party line on that one and lighter news, we we saw 568 00:32:28,320 --> 00:32:29,640 the doodles. Now there's not a whole lot to 569 00:32:29,640 --> 00:32:31,880 chat about. They're they're 12 packs of tea. 570 00:32:31,880 --> 00:32:34,920 They look pretty cool. It's a big brand activation. 571 00:32:34,920 --> 00:32:37,440 And then you can also for those who are really big collectors, 572 00:32:37,440 --> 00:32:39,960 they've got the custom wearables for those doodles too. 573 00:32:39,960 --> 00:32:42,200 So you can actually buy the Arizona themed like digital 574 00:32:42,200 --> 00:32:46,760 clothes for your avatars. So there was that. 575 00:32:46,880 --> 00:32:48,640 You know, I thought what what we could chat about is for a minute 576 00:32:48,640 --> 00:32:51,120 or two here for oak. We haven't is is fancy top. 577 00:32:51,800 --> 00:32:53,320 Have you been? Have you been checking in? 578 00:32:55,800 --> 00:32:58,600 I'm not going to lie, I, I, I completely dropped off. 579 00:32:58,760 --> 00:33:01,200 I, I haven't played since like that one tournament we did on on 580 00:33:01,200 --> 00:33:01,640 the show. Oh. 581 00:33:02,040 --> 00:33:04,360 OK, I so I thought you were still, I figured maybe you were 582 00:33:04,360 --> 00:33:08,160 out this week, but the, the rewards came in like so like 583 00:33:08,160 --> 00:33:10,920 they're, they're actually OK. So like I, they, they gave a 584 00:33:10,920 --> 00:33:14,040 retroactive reward today for everyone who played in 585 00:33:14,120 --> 00:33:16,040 tournaments. So I ended up the month of about 586 00:33:16,040 --> 00:33:21,400 3500 gold just from fancy top, a lot of fancy points and then 587 00:33:21,800 --> 00:33:24,680 probably got about half an ETH in prizes. 588 00:33:25,000 --> 00:33:27,400 And I've got a good cards, but not like great cards. 589 00:33:27,400 --> 00:33:30,320 So my point is that there is for those who are ready to just 590 00:33:30,320 --> 00:33:32,920 grind, I think there is somewhat of an opportunity here. 591 00:33:33,520 --> 00:33:36,160 What where there's like not a whole lot else going on, 592 00:33:36,280 --> 00:33:37,880 especially in the blast ecosystem. 593 00:33:37,880 --> 00:33:41,040 They also implemented the voting so you can get voted out now. 594 00:33:42,280 --> 00:33:45,640 And interestingly, the market is voting Greg, the number one 595 00:33:45,640 --> 00:33:48,360 performing card out right now. The team might have to stop step 596 00:33:48,360 --> 00:33:50,200 in to to stop that from happening. 597 00:33:51,080 --> 00:33:53,080 Vote out. What do you mean vote out? 598 00:33:53,440 --> 00:33:56,880 You can vote out like 5 heroes per period and they're going to 599 00:33:56,880 --> 00:34:01,160 their cards are all replaced with other heroes of that rank. 600 00:34:02,640 --> 00:34:04,960 So the yeah, the concept was to get rid of like the lower 601 00:34:04,960 --> 00:34:07,680 performers who are just kind of raking fees to their cards get 602 00:34:07,680 --> 00:34:10,880 turned over a decent amount, but they're not even tweeting adding 603 00:34:10,880 --> 00:34:14,480 like 0 value. And then to open the door up for 604 00:34:14,480 --> 00:34:17,800 other heroes. And folks are apparently going 605 00:34:17,800 --> 00:34:21,679 after Greg, the high performing card, likely just to to screw 606 00:34:21,679 --> 00:34:24,280 over people who have this card, which would be a big problem if 607 00:34:24,280 --> 00:34:25,520 that happened. But I think they're they're not 608 00:34:25,520 --> 00:34:28,679 going to let that happen. But interesting. 609 00:34:28,920 --> 00:34:30,600 It's worth checking in on. You know, if you've got nothing 610 00:34:30,600 --> 00:34:32,120 else to do, you've got the cards right? 611 00:34:32,239 --> 00:34:35,639 Like I'm probably spending. 30 minutes a week right now only. 612 00:34:35,639 --> 00:34:40,159 To 30 minutes a week. Yeah, probably I'm you're right. 613 00:34:40,159 --> 00:34:42,800 I, I, I think you're right. It's a great, it's a fun game. 614 00:34:45,360 --> 00:34:49,639 And then the other chatter, Clemente wild wild card, wild 615 00:34:49,639 --> 00:34:53,360 card that he is, it basically started rumors that PAC Moon is 616 00:34:53,360 --> 00:34:57,600 going to that they should bridge off a blast, which caused a bit 617 00:34:57,600 --> 00:34:59,840 of a spike in the PAC Moon chart. 618 00:34:59,840 --> 00:35:01,000 I think it's been a race since then. 619 00:35:01,000 --> 00:35:03,640 I think Cyrus ran with it as well. 620 00:35:04,280 --> 00:35:07,600 But it does kind of raise questions of like, what is that? 621 00:35:08,000 --> 00:35:10,440 And that was a pretty popular token at one point. 622 00:35:10,440 --> 00:35:14,080 I mean, it went to 60 million market cap, I think over over 623 00:35:14,080 --> 00:35:18,320 100 million FTV. It's now down, you know, 8090% 624 00:35:18,320 --> 00:35:20,760 from from local highs. A lot of the the chatter 625 00:35:20,760 --> 00:35:23,920 momentum is gone. They still have a decent team on 626 00:35:23,920 --> 00:35:25,440 it. So I'm curious if you know if 627 00:35:25,440 --> 00:35:27,640 we'll learn what their next move is sometime soon. 628 00:35:27,680 --> 00:35:29,560 They complete their air drops. So if you talked about pack 629 00:35:29,560 --> 00:35:31,680 moon, go check your wallet on blast. 630 00:35:32,040 --> 00:35:37,640 You may have some tokens. Interesting. 631 00:35:38,840 --> 00:35:41,280 What? Is there anything much going on 632 00:35:41,280 --> 00:35:44,040 in that ecosystem right now besides the fantasy top stuff? 633 00:35:45,920 --> 00:35:49,920 Not that I'm aware of. And the I'm. 634 00:35:50,560 --> 00:35:53,280 I'm not much, huh? The blast turn does not look 635 00:35:53,280 --> 00:35:54,920 great. Why is why? 636 00:35:54,920 --> 00:35:56,920 Why are my drank points not on blast? 637 00:35:56,920 --> 00:36:02,240 What the fuck OSF what? How come? 638 00:36:02,240 --> 00:36:07,000 Yeah, we should have. You know, I'm surprised you guys 639 00:36:07,000 --> 00:36:10,080 don't have some crazy, you know, thing going on blast here. 640 00:36:10,520 --> 00:36:15,240 Ovi was like the blast bull. Yeah, I don't know what he's 641 00:36:15,240 --> 00:36:18,360 done with his like I actually genuinely don't know what what 642 00:36:18,360 --> 00:36:21,240 he's done with his blast now. Like I know he bought some. 643 00:36:21,320 --> 00:36:23,760 Remember he was on the live on the show and he bought some 644 00:36:23,760 --> 00:36:25,760 right. And then he got the air drop. 645 00:36:25,840 --> 00:36:29,560 I don't I I don't know. I know he was getting more 646 00:36:29,560 --> 00:36:32,320 bearish to like today. So maybe he's like. 647 00:36:33,440 --> 00:36:36,960 The Ovi, it's going it always. Yeah, he's. 648 00:36:37,160 --> 00:36:39,400 He's going to sell all this crypto if Kamala gets elected. 649 00:36:40,320 --> 00:36:44,040 Yeah, brother, I, I, I wouldn't be surprised if you already, I, 650 00:36:44,040 --> 00:36:46,000 I wouldn't be surprised if you already sold all this crypto. 651 00:36:48,520 --> 00:36:53,320 I'm kidding. But he's he's, yeah, always 652 00:36:53,320 --> 00:36:57,440 going through this phase where like he over trades and then he 653 00:36:57,440 --> 00:36:59,760 gets to go out and he's like super bearish. 654 00:37:00,240 --> 00:37:01,840 But it's OK. We'll, we'll, we'll get bullish 655 00:37:01,840 --> 00:37:04,200 again. Happens to the best of us. 656 00:37:07,360 --> 00:37:09,240 Yeah, He's the reason why bitcoins going. 657 00:37:09,480 --> 00:37:11,320 Yeah, he's that that red candle Bitcoin. 658 00:37:11,320 --> 00:37:14,720 That's OSF because he made like 1/4 billion dollars this cycle, 659 00:37:14,720 --> 00:37:16,560 right. So like that, that's one Wick. 660 00:37:17,360 --> 00:37:20,000 So the German government was actually like, he has more 661 00:37:20,000 --> 00:37:21,240 Bitcoin than German government had. 662 00:37:21,680 --> 00:37:26,920 So so it's it was I love starring rumours, but Obi just I 663 00:37:27,000 --> 00:37:29,000 always do different amounts every time. 664 00:37:29,200 --> 00:37:33,880 Yeah, he bought the alien. Oh my God, let's check on FTS 665 00:37:33,880 --> 00:37:36,920 real quick. Tyler, how are NFTS doing? 666 00:37:38,400 --> 00:37:40,240 Not great. Like I feel like it's basically 667 00:37:40,240 --> 00:37:44,520 like a chop week, like actually a little bit worse than that. 668 00:37:44,520 --> 00:37:50,640 So majors are down about 10% in a week where ETH is also down. 669 00:37:51,360 --> 00:37:57,080 So there's just not, there's just not many catalysts are 670 00:37:57,080 --> 00:37:59,480 really or, or headlines or action coming. 671 00:37:59,480 --> 00:38:02,360 I think the most interesting of the week was what the meme land 672 00:38:02,360 --> 00:38:04,520 team dropped. They, they basically dropped a 673 00:38:04,520 --> 00:38:08,240 new utility coin for their, their NFTS, the captains, the 674 00:38:08,240 --> 00:38:09,840 potatoes. It's called N meme. 675 00:38:10,400 --> 00:38:13,040 By sticking your NFTS, you accumulate this N meme, which 676 00:38:13,040 --> 00:38:14,880 you can swap from their meme token. 677 00:38:14,880 --> 00:38:17,440 So it's effectively additional yield. 678 00:38:18,240 --> 00:38:21,120 The market liked it at at first that they, they spiked about 6 679 00:38:21,120 --> 00:38:24,840 to 10%. But they've since given those 680 00:38:24,840 --> 00:38:29,480 gains back and, and the rest of the board. 681 00:38:29,480 --> 00:38:31,240 I think there, there's been a lot of chatter on like will 682 00:38:31,240 --> 00:38:34,120 Mlady's flip board apes this year 'cause there's the Poly 683 00:38:34,120 --> 00:38:38,000 market line on that. Rates are 9.6 right now. 684 00:38:38,000 --> 00:38:40,680 Mlady's are 4.9. I mean, I think like, I'm not 685 00:38:40,680 --> 00:38:42,640 interested in betting that 'cause I feel like that's 686 00:38:42,640 --> 00:38:45,320 something that could, if a Mlady whale really wants to win the 687 00:38:45,320 --> 00:38:49,280 bet, like maybe they've got enough to make that happen, but 688 00:38:50,080 --> 00:38:52,040 I'm on the no side there. Yeah, I actually haven't checked 689 00:38:52,040 --> 00:38:54,760 the punk board. So the pumps are at 77 K. 20 690 00:38:54,760 --> 00:38:59,080 point K Oh my God what the fuck? We're going to 0? 691 00:38:59,440 --> 00:39:01,240 Ethan's about to break under 3000, right? 692 00:39:01,280 --> 00:39:03,120 Now that's a decent floor as well. 693 00:39:04,440 --> 00:39:05,480 Right. Yeah, yeah, this. 694 00:39:06,080 --> 00:39:07,840 Is not a floor pump usually in these? 695 00:39:08,160 --> 00:39:09,880 Yeah. And the clown. 696 00:39:10,000 --> 00:39:14,320 Does. Yeah, I need to replace the 697 00:39:14,320 --> 00:39:17,960 punks that I have in the loot box because I I the ones I have 698 00:39:17,960 --> 00:39:20,760 in there are higher than this. Holy shit. 699 00:39:20,760 --> 00:39:23,000 Well, I I won't do it now. I guess if you're winning Gigi's 700 00:39:23,000 --> 00:39:25,080 if you sell this one, because the ones I have in the blue box 701 00:39:25,080 --> 00:39:27,800 a little more expensive, but but that's wow. 702 00:39:27,800 --> 00:39:31,840 OK, well, look, you know, but this is this is a bear trap, 703 00:39:31,840 --> 00:39:34,400 y'all, don't worry about it. This is a bear trap. 704 00:39:38,720 --> 00:39:40,080 Tyler, you're like Spanish drink. 705 00:39:40,360 --> 00:39:43,960 I'm almost in a strip drink. Yeah, yeah, don't. 706 00:39:43,960 --> 00:39:46,760 Don't worry y'all. Don't worry y'all, they won't 707 00:39:46,760 --> 00:39:48,880 trap me. They won't trap me. 708 00:39:48,960 --> 00:39:52,680 We got this right like like like Tyler Tyler's Jingle goes. 709 00:39:52,680 --> 00:39:56,840 You know we're getting some bash some bears as the show goes all 710 00:39:56,840 --> 00:39:59,000 right, we're going to get to the to the loot box pics now, y'all, 711 00:39:59,000 --> 00:40:01,080 but a little. Are we making a call Monday? 712 00:40:01,080 --> 00:40:02,800 Like are we going to be higher lower like what do? 713 00:40:02,800 --> 00:40:05,040 What do we feel here? We making a little call ahead of 714 00:40:05,040 --> 00:40:07,000 the weekend? Are we going to see weekend pump 715 00:40:07,000 --> 00:40:09,040 or we're going to see dynamic volumes? 716 00:40:12,080 --> 00:40:13,320 And it feels like. Because I could be. 717 00:40:13,320 --> 00:40:16,440 Yeah. Yeah, it could be a shaky, shaky 718 00:40:16,440 --> 00:40:19,600 weekend in my place. I don't like the sound of that. 719 00:40:19,640 --> 00:40:22,520 I I, I don't like the sound of that man. 720 00:40:22,680 --> 00:40:25,520 There you go. See, our listeners are saying 721 00:40:25,520 --> 00:40:29,160 higher, higher, higher and hopefully higher. 722 00:40:29,400 --> 00:40:31,680 There you go. Our listeners all said higher. 723 00:40:32,080 --> 00:40:40,880 All the listeners are saying higher and, and, and Mando and 724 00:40:40,880 --> 00:40:43,240 Tyler are saying Laura. So I'm, I'm scared here. 725 00:40:44,000 --> 00:40:46,760 I'm Yeah. It's because of Tyler. 726 00:40:46,800 --> 00:40:50,680 We're we're. Imagine we get another round of 727 00:40:50,680 --> 00:40:54,880 missiles on the Saturday, and you know who? 728 00:40:55,000 --> 00:40:55,680 Who knows? Yeah, it's. 729 00:40:57,960 --> 00:40:59,720 Going to be a volatile weekend. Let's just. 730 00:40:59,960 --> 00:41:04,360 We can probably limit it. Yeah, yeah, probably probably 731 00:41:04,360 --> 00:41:06,560 touch some grass this weekend, right? 732 00:41:07,080 --> 00:41:10,400 Probably, probably good to to, to, to touch some grass. 733 00:41:10,680 --> 00:41:12,920 Someone say I'm going with Kapo. I have no idea what Kapo say 734 00:41:12,920 --> 00:41:15,680 right now, but he's been pretty bad this cycle. 735 00:41:16,320 --> 00:41:20,160 Oh, Kaleo tweeted out A12K price target for Bitcoin and people, a 736 00:41:20,160 --> 00:41:24,400 lot of people believed him. So that's also a sign of where 737 00:41:24,400 --> 00:41:25,920 we're at on the timelines incident. 738 00:41:27,960 --> 00:41:30,200 All right, well, Godspeed.