1 00:00:00,120 --> 00:00:02,160 Yo-yo, yo. What up? 2 00:00:02,160 --> 00:00:03,520 What up? Good morning. 3 00:00:03,520 --> 00:00:12,560 Good morning. GMG or Mara Habibi like Crusade 4 00:00:12,560 --> 00:00:16,400 in Dubai. I got you know the hat is on 5 00:00:16,400 --> 00:00:18,480 right now. No, the Kafia. 6 00:00:18,920 --> 00:00:22,960 The Kafia stays on, baby. The kafia is on right now. 7 00:00:23,200 --> 00:00:26,800 I got my host in the house. Obi, what's up? 8 00:00:26,800 --> 00:00:27,800 Good morning. How you doing? 9 00:00:28,840 --> 00:00:31,640 I'm good man, how you doing? I'm good, man. 10 00:00:31,640 --> 00:00:37,200 I'm exhausted, a little sick, definitely caught a little cold 11 00:00:37,200 --> 00:00:40,080 in Paris. I'm on an hour and a half of 12 00:00:40,080 --> 00:00:43,680 sleep and I can't wait to actually go pass out after this. 13 00:00:45,440 --> 00:00:48,120 So I'm doing, that's how I'm doing OV. 14 00:00:48,720 --> 00:00:51,760 The voice is definitely a little shut right now, but you know 15 00:00:51,760 --> 00:00:53,080 what? We're here. 16 00:00:53,440 --> 00:00:55,520 That's all that matters is that we're here. 17 00:00:56,040 --> 00:00:59,960 Made it to Dubai, flew the red eye from Paris. 18 00:01:00,200 --> 00:01:03,880 Fun flight but too short. You know what red eye flights 19 00:01:03,880 --> 00:01:06,000 that are 6 hour long or we are too short. 20 00:01:07,360 --> 00:01:09,800 Yeah, six hours are too short because you can't sleep. 21 00:01:09,800 --> 00:01:12,800 I agree with that. You have to like eat before and 22 00:01:12,800 --> 00:01:15,760 then just sleep straight away. If you want to get a proper 23 00:01:15,760 --> 00:01:17,480 sleep, just eat. Before sleep, before. 24 00:01:17,480 --> 00:01:21,440 No, no, they wake you up like 45 minutes before you land. 25 00:01:21,440 --> 00:01:23,840 You can't really sleep and so you end up. 26 00:01:23,840 --> 00:01:28,920 So I slept an hour and a half because honestly because I 27 00:01:28,920 --> 00:01:31,480 wanted to enjoy the flight. It was my first time flying with 28 00:01:31,480 --> 00:01:35,080 Emirates. I got to say dude, shout out to 29 00:01:35,360 --> 00:01:38,880 shout out to the UAE shout out to the UAE shout out to the to 30 00:01:38,880 --> 00:01:41,960 the to the Emiratis. Y'all, y'all know how to do 31 00:01:41,960 --> 00:01:44,000 luxury, You know I got to give it to y'all. 32 00:01:44,520 --> 00:01:48,680 I used to I used to I used to dream of of flying Emirates. 33 00:01:48,680 --> 00:01:51,360 I used to post about this shit on my good life account when I 34 00:01:51,360 --> 00:01:55,200 was like 15 years old. Yesterday I did it OV Whoa. 35 00:01:56,320 --> 00:01:58,760 Well, have you done it the the first class Emirates before? 36 00:01:58,760 --> 00:02:02,240 I'm sure you have. No, I don't really. 37 00:02:02,240 --> 00:02:04,640 I don't really have. Haven't flown much with Emirates 38 00:02:04,640 --> 00:02:06,360 really. It's my first time. 39 00:02:07,000 --> 00:02:08,639 I mean, I've never been to Dubai, actually prefer some in 40 00:02:08,639 --> 00:02:12,280 the Middle East. You know, as much as I feel 41 00:02:12,280 --> 00:02:13,960 close to my people when I'm in France, because, you know, the 42 00:02:13,960 --> 00:02:17,560 French comes out when I'm here, I feel even closer to my people. 43 00:02:17,560 --> 00:02:22,400 People, you know, I'm across the water from my people, which is, 44 00:02:22,400 --> 00:02:25,080 you know, one of the one of the things we're probably going to 45 00:02:25,080 --> 00:02:29,240 talk about today actually, because I forget that the 46 00:02:29,240 --> 00:02:31,800 market's tanked this weekend and so we didn't have a show since 47 00:02:32,080 --> 00:02:34,280 it was the whole situation again, like when something 48 00:02:34,280 --> 00:02:36,160 happens on weekend, it feels like it was 10 years ago. 49 00:02:36,160 --> 00:02:37,960 I don't know if you realize that, but it's wild. 50 00:02:37,960 --> 00:02:40,920 But it was this weekend that the market literally wants a 0. 51 00:02:41,680 --> 00:02:43,920 Go figure. Go figure. 52 00:02:43,920 --> 00:02:48,200 So and I, I oh shit, I'm trying to connect to my Google sheet 53 00:02:48,200 --> 00:02:50,440 for FOMO hour and I guess I was logged out. 54 00:02:51,240 --> 00:02:54,640 So, so today on the show. So we're going to talk about 55 00:02:54,640 --> 00:02:56,200 that. But today on the show today, 56 00:02:56,240 --> 00:03:00,680 today I'm assuming markets, crypto, macro, all that good 57 00:03:00,680 --> 00:03:02,680 stuff. Maybe we might do a little bit 58 00:03:02,680 --> 00:03:06,040 of geopolitics. I guess today OV you know, we 59 00:03:06,040 --> 00:03:09,400 got also Hong Kong ETFs. Let's fucking go. 60 00:03:09,400 --> 00:03:12,400 Big, big announcement came in. Actually, I think this morning 61 00:03:12,400 --> 00:03:17,240 here and and it's funny because it pumped pretty hard and as 62 00:03:17,240 --> 00:03:19,960 soon as America woke up, it starts selling off. 63 00:03:19,960 --> 00:03:23,600 So you know what OV this whole like Euro pores joke is is 64 00:03:23,640 --> 00:03:25,800 starting to like I think Americans are starting to take 65 00:03:25,800 --> 00:03:28,680 the throne here. I think Americans are starting 66 00:03:28,680 --> 00:03:31,600 to. It's last few last few weeks man 67 00:03:31,840 --> 00:03:33,400 always sells off in in U.S. markets. 68 00:03:33,400 --> 00:03:37,680 So it's definitely, definitely the burgers selling right now. 69 00:03:38,280 --> 00:03:40,200 It's definitely the burgers selling right now because 70 00:03:40,200 --> 00:03:43,120 Bitcoin's liddy about to go under $65,000 as I'm talking to 71 00:03:43,120 --> 00:03:47,320 you yet I'm pretty sure there was 67,000 when I woke up this 72 00:03:47,320 --> 00:03:50,240 morning in Dubai and and the ETF news came out. 73 00:03:50,240 --> 00:03:52,560 So anyways, we're going to be talking about that as usual, 74 00:03:52,560 --> 00:03:58,680 report on memes, memes out memes and dreams quick pass and 75 00:03:58,680 --> 00:04:01,640 towards the NFTS and last but not least, we'll be joined by 76 00:04:02,360 --> 00:04:03,280 emerge. Can't wait. 77 00:04:03,280 --> 00:04:05,520 Can't wait to chat with her. I mean she's awesome. 78 00:04:05,720 --> 00:04:08,600 We've seen the emerge on OV he's wearing the sweater a bunch of 79 00:04:08,600 --> 00:04:12,080 times, not because he was asked to do it because he actually 80 00:04:12,080 --> 00:04:14,600 fucked with it and he said it on the timeline on the show 81 00:04:14,600 --> 00:04:17,800 multiple times. I can't wait actually to to to 82 00:04:17,800 --> 00:04:22,560 talk to the person behind emerge and I saw her that Danny was 83 00:04:22,560 --> 00:04:24,400 wearing the sweater. I saw bat soup wearing the 84 00:04:24,400 --> 00:04:25,800 sweater. I saw it all over New York City. 85 00:04:25,800 --> 00:04:29,400 Actually, I have mine at home. It's in Montreal, so you know, 86 00:04:29,400 --> 00:04:32,280 can't wait to get to it. But we're going to be joined by 87 00:04:32,280 --> 00:04:34,080 by one of our partners on the show, actually emerge. 88 00:04:34,080 --> 00:04:36,720 So really, really excited. And then last but not least, 89 00:04:37,280 --> 00:04:40,720 this show is presented by film dot IO. 90 00:04:40,800 --> 00:04:45,160 And well, that was the last time we we we we were together 91 00:04:45,160 --> 00:04:48,480 actually, first side network. That was quite shit. 92 00:04:48,480 --> 00:04:53,600 That was quite the show with literally an ex FBI agent from 93 00:04:53,600 --> 00:04:55,160 Naxos. That pardon was first side 94 00:04:55,160 --> 00:04:59,760 network that apparently was busted Russ Albright. 95 00:04:59,840 --> 00:05:03,840 And then you had a bunch of free Russ comments in the chat, you 96 00:05:03,840 --> 00:05:06,720 know, free Ross for real. But that was that was something 97 00:05:06,720 --> 00:05:07,880 else. That was something else for the 98 00:05:07,880 --> 00:05:10,040 history books. So we'll we'll we'll cover that. 99 00:05:10,040 --> 00:05:11,600 And was that. And as usual, just so you all 100 00:05:11,600 --> 00:05:15,160 know, we are live on both audio and video. 101 00:05:15,280 --> 00:05:17,240 Just quick check, how is my audio? 102 00:05:17,240 --> 00:05:22,040 Is my audio coming out good? Yeah, sound loud and clear to 103 00:05:22,040 --> 00:05:23,080 me. Sound loud and clear. 104 00:05:23,960 --> 00:05:27,400 To me perfect perfect perfect. Man, it's so weird at this stage 105 00:05:27,400 --> 00:05:30,400 OV like the time zones. I can't anymore. 106 00:05:30,400 --> 00:05:33,720 Now I'm hosting around 6:30 PM. I'm so lost. 107 00:05:33,720 --> 00:05:38,240 I don't know why I am. It's it's it's become, it's 108 00:05:38,240 --> 00:05:40,680 become a little, it's become a little confusing. 109 00:05:40,680 --> 00:05:43,680 And I think Mando so one more day without Doug Jesus. 110 00:05:43,680 --> 00:05:46,760 I think Doug Jesus was meant to be out today, but he's got some 111 00:05:46,760 --> 00:05:48,880 things to do. He's got places to be. 112 00:05:49,040 --> 00:05:52,080 He's got people to see, but you know, and this is quacking and 113 00:05:52,200 --> 00:05:54,640 this is quacking, you know, a check price, good price on that. 114 00:05:54,640 --> 00:05:56,680 And I'm sure we're going to talk about it when we cover means. 115 00:05:56,680 --> 00:05:59,120 But without further ado, without further ado, what do we get 116 00:05:59,120 --> 00:06:00,920 right into and hear from OV about the market? 117 00:06:02,200 --> 00:06:06,960 Daily market report brought to you by Rug Radio. 118 00:06:08,480 --> 00:06:12,200 What's the word? Hey guys. 119 00:06:12,200 --> 00:06:15,920 Yes, it's a bit of a weird one, you know, because the market was 120 00:06:16,040 --> 00:06:20,240 trading pretty weak on Friday, I think before the whole Iran, 121 00:06:20,240 --> 00:06:23,360 Israel thing kicked off. And then obviously we had a bit 122 00:06:23,360 --> 00:06:25,520 of a shit show over the weekend, but traditional markets were 123 00:06:25,520 --> 00:06:27,600 closed. You know, stocks were actually 124 00:06:27,600 --> 00:06:32,000 opening the week higher. Stocks were 0.250 point, 3% 125 00:06:32,000 --> 00:06:34,600 higher. I guess like, you know, 126 00:06:34,600 --> 00:06:36,360 initially when people get worried about things like world 127 00:06:36,360 --> 00:06:39,880 wars, etcetera, you could have a knee jerk move lower in risk 128 00:06:39,880 --> 00:06:42,120 assets because of the uncertainty. 129 00:06:42,120 --> 00:06:45,640 But you know, war was actually not really necessarily that bad 130 00:06:45,640 --> 00:06:48,520 for equities. And so we we're actually seeing 131 00:06:48,520 --> 00:06:50,480 like a small rally, which is interesting because stocks 132 00:06:50,480 --> 00:06:53,080 really traded like garbage for most of last week. 133 00:06:53,440 --> 00:06:55,680 We're not seeing an interest rate rally at all. 134 00:06:55,680 --> 00:06:58,080 We're actually seeing interest rates high today, 10 years at 135 00:06:58,080 --> 00:07:00,880 4.62%. And I guess the thought process 136 00:07:00,880 --> 00:07:06,840 there maybe is, you know, if if this geopolitical stuff gets 137 00:07:06,840 --> 00:07:08,960 bad, it's probably going to result in the price of oil going 138 00:07:08,960 --> 00:07:12,160 a lot higher, which is not great for the current inflation 139 00:07:12,880 --> 00:07:15,760 rhetoric. So I think 10 year interest 140 00:07:15,760 --> 00:07:17,680 rates, all interest rates across the curve actually are going a 141 00:07:17,680 --> 00:07:19,600 lot higher. Weirdly, oil is actually lower 142 00:07:19,600 --> 00:07:20,960 on the day. So I don't really know like how 143 00:07:20,960 --> 00:07:23,560 those two things add up, but it just feels like the market's a 144 00:07:23,560 --> 00:07:26,080 bit confused at the moment in terms of crypto. 145 00:07:27,880 --> 00:07:29,000 Yeah. So it was a shit show over the 146 00:07:29,000 --> 00:07:29,840 weekend. Honestly. 147 00:07:29,840 --> 00:07:33,720 Like I think that weekend move was a massive like liquidity 148 00:07:33,720 --> 00:07:35,480 cascade. We've been looking at funding 149 00:07:35,480 --> 00:07:37,480 rates for a while and it's like, ah, funding's so low, funding's 150 00:07:37,480 --> 00:07:39,240 so low. But remember, that doesn't 151 00:07:39,240 --> 00:07:44,800 necessarily mean or or dictate that positioning is small 152 00:07:44,800 --> 00:07:46,960 because you could have loads of people with a ton of leveraged 153 00:07:46,960 --> 00:07:50,400 longs. And if the net positioning is 154 00:07:50,400 --> 00:07:52,800 long, it would mean funding is very high. 155 00:07:53,200 --> 00:07:55,160 But you could also have a ton of people putting on leverage 156 00:07:55,160 --> 00:07:57,640 shorts. And then if the net positioning 157 00:07:57,640 --> 00:07:59,680 is neutral, then the funding will also be neutral. 158 00:07:59,680 --> 00:08:02,800 But you can still have big positioning on both sides. 159 00:08:02,800 --> 00:08:05,240 And you know, there's been a lot of talk and I think a few 160 00:08:05,240 --> 00:08:09,000 different conversations I've had, people have mentioned that 161 00:08:09,000 --> 00:08:12,640 a lot of the trad fight guys are putting on this trade where they 162 00:08:13,480 --> 00:08:17,160 they're long Bitcoin ETS versus being short the perps and then 163 00:08:17,160 --> 00:08:19,920 making the the funding rate as an ARB in between. 164 00:08:19,920 --> 00:08:23,800 So there is like actually huge interest I think to short perps 165 00:08:24,480 --> 00:08:27,640 versus being long spot or ETS or whatever or however they can. 166 00:08:28,680 --> 00:08:31,160 That Manuel talks. About, yeah, pretty much like 167 00:08:31,160 --> 00:08:32,640 Athena. It's it's very similar to what 168 00:08:32,679 --> 00:08:33,320 Athena does. Yeah. 169 00:08:33,960 --> 00:08:37,240 And so I think that's the main reason why it's probably Athena. 170 00:08:37,240 --> 00:08:39,159 That's actually the other side of that as well, to be honest 171 00:08:39,159 --> 00:08:41,880 with you. But like, yeah, that's the 172 00:08:41,960 --> 00:08:44,159 that's the thing that's kind of kept funding rates very neutral 173 00:08:44,480 --> 00:08:46,000 and made that market more efficient. 174 00:08:46,000 --> 00:08:49,680 But I think a lot of people just assumed that it means leverage 175 00:08:49,680 --> 00:08:51,240 is low, but it's not. Leverage is actually very high. 176 00:08:51,240 --> 00:08:53,720 And we had almost a billion dollars of liquidations across 177 00:08:53,720 --> 00:08:56,680 crypto in on Saturday. I think it was about 800 178 00:08:56,680 --> 00:08:58,200 million. So you know, obviously like it 179 00:08:58,200 --> 00:08:59,680 does, it does mean leverage has been very high. 180 00:08:59,680 --> 00:09:03,400 And so I think like, yeah, the, the, the weekend headlines were 181 00:09:03,400 --> 00:09:07,080 bad, but stocks being smalls higher today should show you and 182 00:09:07,080 --> 00:09:10,920 tell you that it's not like a huge risk asset concern at this 183 00:09:10,920 --> 00:09:13,160 stage. And I really think someone was 184 00:09:13,160 --> 00:09:15,360 just like, fuck it, let's just we see leverages high. 185 00:09:16,080 --> 00:09:17,800 There's some bad news over the weekend. 186 00:09:17,800 --> 00:09:20,520 Let's just fucking, you know, jam this thing lower and make 187 00:09:20,520 --> 00:09:22,880 some money on it. And especially people who have 188 00:09:22,880 --> 00:09:24,640 that basis trade on, they would have done well on that trade 189 00:09:24,640 --> 00:09:26,840 because all these perks were a lot lower. 190 00:09:26,840 --> 00:09:30,400 The crypto's a lot lower than I'm sure like this, the whatever 191 00:09:30,400 --> 00:09:32,360 they had on the other side would have held up, you know, maybe a 192 00:09:32,360 --> 00:09:36,200 little bit better or so I'm not, I'm not really sure, but I think 193 00:09:36,200 --> 00:09:37,960 that's kind of what happened. So, you know, theoretically on 194 00:09:37,960 --> 00:09:40,080 paper, funding should be, I mean, positioning should be a 195 00:09:40,080 --> 00:09:42,920 lot cleaner now, but you can actually see OI is ticking up 196 00:09:42,920 --> 00:09:44,320 again. Like there's a good website 197 00:09:44,320 --> 00:09:48,400 calledcoinallies.com, coilies.net and it shows you all 198 00:09:48,400 --> 00:09:50,000 the OI changes in the last 24 hours. 199 00:09:50,000 --> 00:09:56,000 And so like Bitcoin OI is up 2%. If Ether OI is up 5%, Sol O I/O 200 00:09:56,000 --> 00:09:58,760 I is up 8%. You know, some of these other 201 00:09:58,760 --> 00:10:05,040 altcoins are up 10/11/12, 13%. So OI is ticking back up, which 202 00:10:05,040 --> 00:10:06,920 shows you there is some more leverage again in the system. 203 00:10:07,600 --> 00:10:09,760 And so, yeah, I feel a little bit cautious. 204 00:10:09,760 --> 00:10:11,520 I think, you know, I still think we're going to chop around here 205 00:10:11,520 --> 00:10:14,320 and as when leverage gets really high, then you can get this big 206 00:10:14,320 --> 00:10:15,400 news like we got over the weekend. 207 00:10:15,400 --> 00:10:19,160 But I do think that will prove to be to have been a great 208 00:10:19,160 --> 00:10:22,520 buying opportunity that weekend. You know, obviously GCR came 209 00:10:22,520 --> 00:10:25,200 back to to tweet about that having been tweeted for for 210 00:10:25,600 --> 00:10:29,880 about a year and and we'll see what happens with the rest of 211 00:10:29,880 --> 00:10:31,200 this week. ETF just been quiet. 212 00:10:31,200 --> 00:10:35,520 You know, like the Friday there was like a small outflow, I 213 00:10:35,520 --> 00:10:37,080 think of like 50 million or something like that. 214 00:10:37,080 --> 00:10:40,560 So ETF volumes and numbers have been very low and small. 215 00:10:40,880 --> 00:10:44,800 Was in the the net outflow negative in flow negative, was 216 00:10:44,800 --> 00:10:46,560 it negative last week was in that. 217 00:10:47,680 --> 00:10:51,800 Yeah, it was negative. The oh, the net for the week I 218 00:10:51,800 --> 00:10:55,080 think was maybe it was very flat like small negative or small 219 00:10:55,080 --> 00:10:56,160 positive. I'm not really sure. 220 00:10:59,200 --> 00:11:04,640 But yeah, I think it's I think it's unless until that number 221 00:11:04,640 --> 00:11:08,040 becomes larger and more consistent showing a trend, I 222 00:11:08,040 --> 00:11:10,240 think it's not going to impact prices too much here. 223 00:11:10,760 --> 00:11:12,520 And so we'll see what happens in the next few days. 224 00:11:13,120 --> 00:11:16,800 I mean, I feel quietly bullish, but I'm just always bullish 225 00:11:16,800 --> 00:11:19,440 anyway, I'm not really sure what happens in the next few days, 226 00:11:19,440 --> 00:11:21,560 but I would I definitely wouldn't have leverage here. 227 00:11:21,560 --> 00:11:23,800 There's no, there's no need to have leverage, I think because 228 00:11:24,280 --> 00:11:26,360 prices, you know, altcoin's down 50%. 229 00:11:26,360 --> 00:11:29,480 So there's much higher return profile for them now here. 230 00:11:29,480 --> 00:11:32,760 And you don't need to like chase leverage to make those returns. 231 00:11:32,760 --> 00:11:34,560 So I'll definitely stay in spots. 232 00:11:34,560 --> 00:11:37,920 I like alts here. And yeah, I think things could 233 00:11:37,920 --> 00:11:39,880 be interesting the next few days and weeks. 234 00:11:39,880 --> 00:11:42,800 But I do think people will look back on that dip over the 235 00:11:42,800 --> 00:11:45,160 weekend later in this year and think, man, that was like, I 236 00:11:45,160 --> 00:11:47,760 wish I'd bought then. You know, that was a great dip 237 00:11:47,760 --> 00:11:51,240 to buy. All right, dude, let's talk 238 00:11:51,240 --> 00:11:52,920 about let's talk about the weekend, right? 239 00:11:52,920 --> 00:11:54,200 Like I was just trying to some charts. 240 00:11:54,200 --> 00:11:56,680 We had Bitcoin go all the way down. 241 00:11:57,480 --> 00:12:01,520 Some people told me it went down even to like 56 Ki mean here I'm 242 00:12:01,520 --> 00:12:05,400 seeing 5060. I don't know if you saw the 243 00:12:05,720 --> 00:12:07,720 anyone buying a 56 K, but it was here. 244 00:12:07,720 --> 00:12:10,400 It's a 60. Ethereum went all the way down 245 00:12:10,400 --> 00:12:18,360 to 2047 and yes, Solana, dude, Solana went down to $115.00 all 246 00:12:18,360 --> 00:12:21,520 week. I mean, let's talk about this 247 00:12:21,520 --> 00:12:23,320 for a second because I know it was the, it was what? 248 00:12:23,320 --> 00:12:28,080 When was it was two nights ago? Was it, it was Saturday night, 249 00:12:28,400 --> 00:12:33,760 Friday night, Saturday night, the whole Iran and Israel like 250 00:12:33,760 --> 00:12:35,200 thing. Was it Friday night? 251 00:12:35,280 --> 00:12:38,040 I don't even remember. This is how crazy this space is. 252 00:12:38,040 --> 00:12:40,560 Like we're fed so much information at all times that 253 00:12:40,560 --> 00:12:42,440 you like you, you don't even remember what's what, what's 254 00:12:42,440 --> 00:12:48,040 going on and the market just decides to tank completely. 255 00:12:48,120 --> 00:12:51,000 I mean, I thought I thought my Bitcoin was store value in the 256 00:12:51,000 --> 00:12:53,720 time of war. OVI guess I thought wrong 257 00:12:54,280 --> 00:12:58,480 because not only the gold turbo nuke on Friday, I I saw that 258 00:12:58,720 --> 00:13:02,000 obviously Bitcoin went crazy and anyone who would have had who 259 00:13:02,000 --> 00:13:03,840 had some leverage got completely wiped out. 260 00:13:03,840 --> 00:13:06,360 I mean chat to you. You know, we were talking on the 261 00:13:06,360 --> 00:13:08,600 show about about leverage and stuff like, yeah, maybe this 262 00:13:08,880 --> 00:13:11,160 maybe we just don't crack the leverage up. 263 00:13:11,600 --> 00:13:15,080 So you know, buying spot yet again appears to be comfy, but 264 00:13:15,080 --> 00:13:19,000 let me tell you about about my Saturday night OSF. 265 00:13:20,200 --> 00:13:24,680 It was bitcoins, ETH and Solana chart in front of my computer 266 00:13:24,760 --> 00:13:28,800 while I had CNN and BBC World News on the TVI don't know why I 267 00:13:28,800 --> 00:13:32,080 just love pain and it was really painful. 268 00:13:32,080 --> 00:13:35,600 It's in traditional media talk about what's going on in in the 269 00:13:35,600 --> 00:13:38,040 in the area. As a matter of fact, they was 270 00:13:38,040 --> 00:13:41,200 getting they were getting the news like 30 minutes after X 271 00:13:41,600 --> 00:13:43,760 like here we go all around and send ballistic missiles and 272 00:13:43,760 --> 00:13:46,120 fucking like you'd see that on Twitter and like, oh, maybe it's 273 00:13:46,120 --> 00:13:47,520 not real. And then you have BBC and CNN 274 00:13:47,520 --> 00:13:50,800 reporting on it. That shit was absolutely crazy. 275 00:13:52,240 --> 00:13:54,640 Obviously right on time where I have to fight to Middle East. 276 00:13:54,640 --> 00:13:57,440 So man, that's also why I'm tired. 277 00:13:57,560 --> 00:14:00,960 It was that the night before and then flying here in one hour's 278 00:14:00,960 --> 00:14:03,680 sleep. It was it was it was definitely 279 00:14:03,680 --> 00:14:05,000 something. No, man, I'm sick. 280 00:14:05,120 --> 00:14:06,760 Fuck. Sorry y'all, I'm I'm a little 281 00:14:06,760 --> 00:14:09,080 slow today could fall asleep here. 282 00:14:10,320 --> 00:14:13,240 So that was that was crazy question for you. 283 00:14:13,560 --> 00:14:15,720 Actually Wiz hosted quite a good spaces that night. 284 00:14:15,840 --> 00:14:19,720 Shout out to joy on on how to trade the war. 285 00:14:20,720 --> 00:14:23,720 What are what are what are what are what are some you know, I 286 00:14:23,720 --> 00:14:27,040 guess what, what what was your reaction when all things happen? 287 00:14:27,040 --> 00:14:29,640 I saw you tweeted the other day that you didn't realize that WIF 288 00:14:29,640 --> 00:14:32,240 went all the way down to 180. Everything got decimated. 289 00:14:32,240 --> 00:14:34,200 I mean, what was your immediate reaction to everything? 290 00:14:36,120 --> 00:14:40,400 But I was, I was surprised that things dropped so much because I 291 00:14:40,400 --> 00:14:42,920 think I was like, why is this stuff dropping so much? 292 00:14:42,920 --> 00:14:46,000 Like if there's no funding so low, there's no leverage. 293 00:14:46,120 --> 00:14:48,440 And then I looked at it more closely and that's when I 294 00:14:48,440 --> 00:14:50,080 realized actually there was probably a lot of leverage. 295 00:14:50,080 --> 00:14:53,680 So with that in mind, it's less like I was, if there was no 296 00:14:53,680 --> 00:14:55,760 leverage, I would have been confused because I've been like, 297 00:14:55,760 --> 00:14:58,760 you know who the, who the hell is like having to sell here? 298 00:14:59,200 --> 00:15:00,640 Like everyone's in the spot right now. 299 00:15:00,640 --> 00:15:03,040 Like why is there such aggressive price action? 300 00:15:03,040 --> 00:15:07,360 But knowing that there was leverage, I think explains a bit 301 00:15:07,360 --> 00:15:09,560 more and you know, like crypto is so manipulated. 302 00:15:09,560 --> 00:15:11,280 People see these numbers, they're all public and they can 303 00:15:11,280 --> 00:15:13,320 just like manipulate it to their advantage. 304 00:15:13,320 --> 00:15:17,880 So I think like for me, I just don't think people panic sold 305 00:15:17,880 --> 00:15:21,600 because of that headline. I think that headline came, 306 00:15:21,600 --> 00:15:23,560 someone was like great, like someone who was short was like 307 00:15:23,560 --> 00:15:25,200 great. We can just like wipe these 308 00:15:25,200 --> 00:15:26,640 people out and create some panic. 309 00:15:27,040 --> 00:15:28,040 And that's what happened, I think. 310 00:15:28,040 --> 00:15:30,320 And so for me, it was like, I definitely would have bought 311 00:15:30,320 --> 00:15:34,480 some stuff like I, you know, whiff got back to levels where I 312 00:15:34,480 --> 00:15:39,480 last sold it and I just was wasn't at my computer and stuff. 313 00:15:39,480 --> 00:15:42,880 So I couldn't really transact on it, but I would have definitely 314 00:15:42,880 --> 00:15:44,600 bought that back. I would have converted my soul 315 00:15:44,600 --> 00:15:47,200 back into whiff at that those levels for sure. 316 00:15:48,400 --> 00:15:51,720 I think soul hit 115. That probably been a great buy 317 00:15:52,840 --> 00:15:54,760 released some good levels. But you have to, I mean, you 318 00:15:55,480 --> 00:15:59,440 have to have been at the computer and just instantly 319 00:15:59,440 --> 00:16:00,960 traded it. And even then like networks have 320 00:16:00,960 --> 00:16:03,480 been so busy recently, I don't know what you could have 321 00:16:03,480 --> 00:16:05,760 actually executed without having limit orders in place. 322 00:16:05,760 --> 00:16:09,040 And you know, I don't know how much of the orders got filled, 323 00:16:09,040 --> 00:16:11,120 etcetera. So it's like, it's one thing to 324 00:16:11,120 --> 00:16:13,640 say, oh, I would have bought this then, but it's another 325 00:16:13,640 --> 00:16:15,880 thing to be like, would it have even been possible? 326 00:16:15,880 --> 00:16:18,760 So. It was wild dude, I was, I was 327 00:16:18,760 --> 00:16:21,760 watching this whole shit like Jesus Christ like what the fuck 328 00:16:21,760 --> 00:16:23,120 is going on? I mean you hate to see this 329 00:16:23,120 --> 00:16:24,080 right? Obviously, these headlines are 330 00:16:24,080 --> 00:16:26,520 not comfortable to read for anyone, I think, but especially 331 00:16:26,520 --> 00:16:29,280 people affected. And then on top of that, like 332 00:16:29,880 --> 00:16:32,480 we're so married to the markets in this industry, right in 333 00:16:32,480 --> 00:16:35,280 space, Like all of us, our listeners, you and me, Mando, 334 00:16:35,840 --> 00:16:37,200 right? Like everyone who are on us, 335 00:16:37,200 --> 00:16:38,880 that you're just watching everything happening. 336 00:16:38,880 --> 00:16:39,840 You kind of don't know what to do. 337 00:16:39,840 --> 00:16:41,840 I actually, I actually texted Amanda. 338 00:16:42,400 --> 00:16:45,360 I was like, So what am I supposed to do right now? 339 00:16:45,360 --> 00:16:46,320 And it's like just doing nothing. 340 00:16:46,320 --> 00:16:48,480 I was like, OK, hold that. Like, you know, even I had the 341 00:16:48,480 --> 00:16:50,120 second of doubt over here. I'm not gonna lie. 342 00:16:50,120 --> 00:16:52,120 Like I was like. And I'm sure a lot of people can 343 00:16:52,120 --> 00:16:54,160 relate to that listening to us like, because it's not like 344 00:16:54,160 --> 00:16:57,920 we're used to like reading a headline like that, right? 345 00:16:58,640 --> 00:17:01,720 Like, you know, and, and also, of course, media loves to make 346 00:17:01,720 --> 00:17:05,319 it super sensationalist, right? They love to like add on top of 347 00:17:05,319 --> 00:17:06,839 it. I think, I think that was like 348 00:17:06,839 --> 00:17:08,400 Mario's Olympics the other night. 349 00:17:08,560 --> 00:17:11,599 Like that was his, like, that was his like Oscars. 350 00:17:11,960 --> 00:17:14,319 Like that's the type of stuff that, you know, he, there's the 351 00:17:14,319 --> 00:17:15,880 headlines happens, he loves seeing, right? 352 00:17:15,880 --> 00:17:18,800 So you have these spaces running 24/7 scaring the shit out of 353 00:17:18,800 --> 00:17:21,119 people as well on top of that. So that doesn't help and the 354 00:17:21,119 --> 00:17:25,640 news coming left and right, some fake, some real, some little 355 00:17:25,640 --> 00:17:28,640 inaccurate, you know, some truth to it, some some lies to it. 356 00:17:28,640 --> 00:17:30,600 So it's always it's always a lot. 357 00:17:30,600 --> 00:17:34,080 But seems like you know the market rebound, rebound rebounds 358 00:17:34,760 --> 00:17:38,760 bounced on that with Bitcoin went as high as 67,000 whiff was 359 00:17:38,760 --> 00:17:43,160 above $3 for a hard second. So I went back up to 1:55-ish. 360 00:17:43,160 --> 00:17:47,720 I don't know, ETH was above 3200, almost 3300. 361 00:17:47,720 --> 00:17:50,560 So the market bounced immediately on top of that. 362 00:17:50,560 --> 00:17:53,600 But most importantly, actually, you know, is it fair to say, do 363 00:17:53,600 --> 00:17:55,200 you think that GCR saved our bags? 364 00:17:55,200 --> 00:17:58,800 I mean, GCR came in. I mean, this was one of those 365 00:17:58,800 --> 00:18:01,200 tweets that reminded me of Kobe's tweet, you know, that 366 00:18:01,240 --> 00:18:03,640 famous Kobe tweet. I wasn't around that famous 367 00:18:03,640 --> 00:18:04,920 Kobe. Two was like, I'll, you know, 368 00:18:04,920 --> 00:18:08,240 my, I will long for one, long for my family, one long for 369 00:18:08,960 --> 00:18:10,720 Satoshi. I mean, that's one of those 370 00:18:10,720 --> 00:18:14,080 tweets. So GCRGCR came out of retirement 371 00:18:14,080 --> 00:18:15,880 to tweet. If you've been sidelined, 372 00:18:15,880 --> 00:18:17,840 believe it's a good opportunity to scale into high conviction 373 00:18:17,840 --> 00:18:19,600 tokens. If you're fully invested, just 374 00:18:19,600 --> 00:18:21,760 survive, hold your spot position and not capitulate. 375 00:18:21,960 --> 00:18:24,920 Someone once said liquidations are a forced transfer of wealth 376 00:18:25,160 --> 00:18:28,680 from traders who need leverage to wealthy spot buyers. 377 00:18:28,920 --> 00:18:31,640 I was enjoying retirement from social media but don't want to 378 00:18:31,640 --> 00:18:34,880 see my brothers get shaken out and the future is still so 379 00:18:34,880 --> 00:18:38,120 bright. I mean, that was a moment when 380 00:18:38,120 --> 00:18:41,840 that came out. I think you were the first 381 00:18:41,840 --> 00:18:44,720 person to send that to us. You were on that one. 382 00:18:44,720 --> 00:18:46,160 You must. Like I was just, I was just 383 00:18:46,160 --> 00:18:48,320 scrolling and it popped up on my, on my feet. 384 00:18:48,320 --> 00:18:54,640 I was like, whoa. But is it crazy to you or not 385 00:18:55,040 --> 00:18:57,440 that one person had so much power at the moment? 386 00:18:57,440 --> 00:19:00,800 Because it's fair to say that tweet bounced the whole market, 387 00:19:00,880 --> 00:19:03,240 right? Is it fair to attribute that? 388 00:19:03,280 --> 00:19:05,640 To you, yeah, it is. It's mental when you think about 389 00:19:05,640 --> 00:19:08,280 it, really. Because I mean, he only has like 390 00:19:08,440 --> 00:19:10,920 I say only, but he has 250,000 followers. 391 00:19:10,920 --> 00:19:13,320 Like there are tons of crypto accounts that have more 392 00:19:13,320 --> 00:19:15,600 followers than that, right? All the scam accounts have like, 393 00:19:15,960 --> 00:19:18,440 oh, now he's 366, but he was definitely like 250 when I last 394 00:19:18,440 --> 00:19:23,800 when I checked back then. And so it's pretty incredible 395 00:19:23,800 --> 00:19:27,920 that someone like that and when he posted, it was like 396 00:19:28,240 --> 00:19:33,160 immediately like 2000 likes in a few seconds and like 50. 2K 397 00:19:33,160 --> 00:19:35,440 likes now. Yeah, it was, it's just, it's 398 00:19:35,440 --> 00:19:38,680 just crazy. 8 million views. Like it's pretty incredible for 399 00:19:38,680 --> 00:19:41,200 someone to have that big an impact on crypto. 400 00:19:41,200 --> 00:19:45,040 But I think it just goes to show like how much power you can have 401 00:19:45,040 --> 00:19:49,040 as an individual person if you are a good trader and you, you 402 00:19:49,040 --> 00:19:53,960 make big and bold and, and correct decisions #1 #2 just how 403 00:19:53,960 --> 00:19:56,680 small crypto still is. Like we talk about this all the 404 00:19:56,680 --> 00:19:58,240 time. And it's like, you know, total 405 00:19:58,240 --> 00:20:00,320 crypto market cap is like almost $2 trillion. 406 00:20:00,320 --> 00:20:02,120 It's less than Amazon or whatever. 407 00:20:02,120 --> 00:20:04,520 Like, you know, I don't know what those numbers look like 408 00:20:04,520 --> 00:20:05,400 now. I haven't checked for a while, 409 00:20:05,400 --> 00:20:09,200 but it's, you know, if you think about how big the total stock 410 00:20:09,200 --> 00:20:11,760 market is versus the size of the total crypto market cap, it's 411 00:20:11,760 --> 00:20:14,160 tiny. So, and it's so retail driven as 412 00:20:14,160 --> 00:20:15,760 well. Like a lot of money is just 413 00:20:15,960 --> 00:20:18,000 sitting there being held. Like a lot of Bitcoin just won't 414 00:20:18,000 --> 00:20:21,680 be moving right now. But you know, the price action 415 00:20:21,680 --> 00:20:24,200 all comes from like retail who are all on crypto Twitter, so. 416 00:20:25,920 --> 00:20:29,680 It's crazy, but it just shows you like how this market can 417 00:20:29,680 --> 00:20:32,920 really be pushed around and it kind of shows you why it does 418 00:20:32,920 --> 00:20:34,360 get pushed around a lot, to be honest with you. 419 00:20:35,040 --> 00:20:37,520 This tweet's crazy. This must have been how those 420 00:20:37,520 --> 00:20:40,600 dudes in the Bible felt like when the angels pulled up saying 421 00:20:40,600 --> 00:20:45,160 have No Fear, there's some good tweets by the time I never 422 00:20:45,160 --> 00:20:48,240 disappoint. That was some of the most that 423 00:20:48,240 --> 00:20:50,240 was obviously. That was one of the most intense 424 00:20:50,240 --> 00:20:51,760 nights of my life. Like that was insane. 425 00:20:51,760 --> 00:20:56,280 Like watching My Portfolio nuke 7 figures like like that. 426 00:20:56,880 --> 00:21:00,920 And then like some of the team of our radio decrypt is was here 427 00:21:01,320 --> 00:21:04,560 in Dubai, Obviously, like by the way, like here it feels like 428 00:21:04,560 --> 00:21:06,520 nothing ever happened for it's worth like once you're here, 429 00:21:06,520 --> 00:21:08,760 like I it's mostly the West. People are freaking out, right? 430 00:21:08,760 --> 00:21:12,640 I had my girlfriend's parents freaking out, my mom freaking 431 00:21:12,640 --> 00:21:16,840 out the team, my heart freaking out because obviously we have 432 00:21:16,840 --> 00:21:18,760 also like Israelis on the team, Jewish people on the team. 433 00:21:18,760 --> 00:21:20,080 We have people over here on the team. 434 00:21:20,480 --> 00:21:22,880 We have like 4 events this week. All the we're present, we're 435 00:21:22,880 --> 00:21:26,000 media partners and or rugged events. 6 events this week. 436 00:21:26,320 --> 00:21:29,080 OK and I'm here like yo what the fuck am I going to do? 437 00:21:29,240 --> 00:21:31,720 There's airspace closing the same night and everything at the 438 00:21:31,720 --> 00:21:35,640 same time you see your whole stuff turbo nuking. 439 00:21:35,640 --> 00:21:37,720 Like what am I doing? Like it was a really weird 440 00:21:37,720 --> 00:21:39,320 night. It was really weird. 441 00:21:40,600 --> 00:21:45,200 But the next morning it seems like, you know, things were 442 00:21:45,200 --> 00:21:51,240 better and seems like at the moment there's somewhat of a de 443 00:21:51,240 --> 00:21:54,720 escalation in the in the in the in the region. 444 00:21:54,720 --> 00:21:57,960 And listen, I just got here today and it's it's honestly 445 00:21:57,960 --> 00:22:00,440 it's unfelt anyways, Speaking of the regions, Speaking of 446 00:22:00,440 --> 00:22:05,880 Bitcoin, Speaking of prices, huge news came out earlier this 447 00:22:05,880 --> 00:22:08,520 morning. So like really, really late in 448 00:22:08,520 --> 00:22:12,440 the in America or very, very early, however you want to put 449 00:22:12,440 --> 00:22:18,520 it, of the ETFs being clear, being cleared in Hong Kong. 450 00:22:18,520 --> 00:22:21,320 So Hong Kong clear spot ETF application. 451 00:22:21,320 --> 00:22:23,720 The Hong Kong Securities and Futures Commission approved on 452 00:22:23,720 --> 00:22:26,360 Monday applications from leading financial institutions including 453 00:22:26,360 --> 00:22:29,320 China Asset Management, Becerra Capital and Hash Key Capital 454 00:22:29,320 --> 00:22:33,640 Limited for the launch of Bitcoin and Ethereum spot ETFs. 455 00:22:33,760 --> 00:22:37,240 Why don't we talk about OV? We were literally saying is Hong 456 00:22:37,240 --> 00:22:40,840 Kong going to get the ETFs before America last week? 457 00:22:42,040 --> 00:22:43,920 Yeah, it's pretty, pretty incredible, isn't it? 458 00:22:43,920 --> 00:22:48,200 Like they've seen how successful the Bitcoin ETF has been here 459 00:22:49,160 --> 00:22:51,480 and we got the Bitcoin ETF there. 460 00:22:51,480 --> 00:22:54,680 But what's interesting is also having an ETF in Hong Kong as 461 00:22:54,680 --> 00:22:57,240 well, which is very interesting. So I'm curious to see, I have no 462 00:22:57,240 --> 00:23:00,280 concept of like what these numbers would look like, what 463 00:23:00,280 --> 00:23:02,120 these flow, you know, what these phone numbers would look like, I 464 00:23:02,120 --> 00:23:02,680 guess. Yeah. 465 00:23:02,680 --> 00:23:05,320 Here you go, Eric's, you know. Yeah, Eric, Eric's. 466 00:23:05,440 --> 00:23:06,280 Pocket is tiny. Yeah. 467 00:23:06,280 --> 00:23:07,800 There you go. So I don't know how much like, 468 00:23:09,600 --> 00:23:12,440 yeah. Yeah, I mean 5. 100 million, 469 00:23:12,440 --> 00:23:13,760 yeah. So it's not really like a huge 470 00:23:13,760 --> 00:23:19,160 number to be honest with you. Yeah, but like question, he says 471 00:23:19,160 --> 00:23:22,840 the ETS are tiny, right, Which I mean, he knows better about and 472 00:23:22,840 --> 00:23:25,480 you probably know more about as well yourself, like having 473 00:23:25,480 --> 00:23:30,320 traded in the market, but it's still an on ramp to acquiring 474 00:23:30,400 --> 00:23:33,360 more Bitcoin and more ease here, right Or not here, but you know, 475 00:23:33,360 --> 00:23:35,960 in China or in Hong Kong, I'm sorry, but you know, there's 476 00:23:35,960 --> 00:23:37,960 it's going to be a Chinese bank that's going to be involved in 477 00:23:37,960 --> 00:23:40,440 what and, and and whatever it does say that Chinese local 478 00:23:40,440 --> 00:23:42,240 cannot buy these. But you know, a lot of people 479 00:23:42,240 --> 00:23:44,600 have vehicles through Hong Kong companies and and stuff like 480 00:23:44,600 --> 00:23:46,040 that. They have Singaporean companies, 481 00:23:46,040 --> 00:23:47,240 they have companies all around the world. 482 00:23:47,640 --> 00:23:50,080 Don't you think that this is actually, I mean, the headline 483 00:23:50,080 --> 00:23:51,520 stuff's pretty big. Don't you think this is bigger 484 00:23:51,520 --> 00:23:53,040 than just numbers on the scoreboard here? 485 00:23:55,720 --> 00:23:59,080 Yeah, not really, no. Like you already have an ETF? 486 00:23:59,080 --> 00:24:03,000 Approval imperative. You already have an ETF approval 487 00:24:03,000 --> 00:24:06,360 and it's great that they're doing ETH, but unless there's 488 00:24:06,360 --> 00:24:10,480 like real numbers behind it, I don't think like it's really 489 00:24:10,480 --> 00:24:13,800 going to be that threatening. I don't know, like it's, you 490 00:24:13,800 --> 00:24:17,560 know, they say the ETF market in, in Asia is small, but like 491 00:24:17,560 --> 00:24:19,080 the retail market in Asia is massive. 492 00:24:19,080 --> 00:24:25,120 And it's also they also have a very speculative retail consumer 493 00:24:25,120 --> 00:24:27,280 base, if you like, like the US does, which Europe doesn't 494 00:24:27,280 --> 00:24:29,960 really have as much. So maybe that will actually, you 495 00:24:29,960 --> 00:24:32,760 know, maybe they'll see more flow than like Eric is giving 496 00:24:32,760 --> 00:24:35,080 them credit for. But it also feels like people in 497 00:24:35,080 --> 00:24:37,520 Asia are also very already like very crypto native, you know, 498 00:24:37,520 --> 00:24:40,560 so. Compared to, I mean all these 499 00:24:40,600 --> 00:24:41,800 changes, right? The big ones are all. 500 00:24:41,840 --> 00:24:42,960 Yeah. Yeah, exactly. 501 00:24:43,880 --> 00:24:48,280 If you look at like the market that you know, finance by bit, 502 00:24:48,280 --> 00:24:55,000 OK, X bullish, you know, Okucoin, all these occupy in in 503 00:24:55,000 --> 00:24:56,760 the Middle East, in the Middle East, sorry, in Asia. 504 00:24:56,760 --> 00:24:58,600 I mean, it's it's most of the market share, right. 505 00:24:58,600 --> 00:25:02,040 I don't have the exact numbers, but I know it's like bigot, 506 00:25:02,040 --> 00:25:03,600 etcetera. It's one of the largest 507 00:25:03,600 --> 00:25:06,040 portions. Wow, Bitcoin is actually going 508 00:25:06,040 --> 00:25:10,560 sub 64 K here huh? Yeah, well. 509 00:25:11,480 --> 00:25:13,920 Burger's just selling, Yeah, look at. 510 00:25:14,240 --> 00:25:16,440 That, I mean, well, I, I was one thing I would have been worried 511 00:25:16,440 --> 00:25:21,800 about today would have been the, the ETA numbers today after what 512 00:25:21,800 --> 00:25:24,680 happened at the weekend, that's maybe spooked some people so. 513 00:25:25,800 --> 00:25:29,600 Yeah, yeah, maybe that's spooked some people, but but we'll see. 514 00:25:29,600 --> 00:25:31,440 I mean, it's it's it's just crazy. 515 00:25:31,440 --> 00:25:33,480 Look, we're clearly not decoupled yet, right? 516 00:25:33,480 --> 00:25:35,920 We're clearly don't have that narrative, full narrative of 517 00:25:35,920 --> 00:25:38,640 that store value just yet. Clearly, like this is the proof 518 00:25:38,760 --> 00:25:40,520 proof. Proof is in the pudding here 519 00:25:41,040 --> 00:25:42,560 when it comes to. So that was another. 520 00:25:42,680 --> 00:25:44,160 That's a big deal. Listen, I would I would pay 521 00:25:44,160 --> 00:25:45,480 serious attention. I mean, I've been, you know, 522 00:25:45,480 --> 00:25:48,320 after my trip in Hong Kong and the many, many conversations 523 00:25:48,320 --> 00:25:50,600 I've had again in Paris, I met with a few people that, you 524 00:25:50,600 --> 00:25:53,440 know, worked at pretty large companies and institutions in 525 00:25:53,440 --> 00:25:55,480 Hong Kong. And some people ran some really, 526 00:25:55,800 --> 00:25:58,880 really large funds over there. Like they're extremely bullish. 527 00:25:58,880 --> 00:26:01,280 Like they're fucking like, they're super turbo bullish on 528 00:26:01,280 --> 00:26:03,960 the, on the, on the, on the ecosystem, the, the market, 529 00:26:03,960 --> 00:26:05,160 etcetera. So there we go. 530 00:26:05,160 --> 00:26:08,680 We broke under $64,000. Here we go again. 531 00:26:09,320 --> 00:26:13,560 Oh, shit, here we go again. And just a reminder, the halving 532 00:26:13,560 --> 00:26:16,120 is now in five days and the Solana fix is tomorrow. 533 00:26:16,200 --> 00:26:19,640 So it seems like we're going to be decongested tomorrow. 534 00:26:19,640 --> 00:26:22,000 Hopefully I'm decongested tomorrow as well alongside 535 00:26:22,000 --> 00:26:23,080 Solana. I'm not going to lie, it would, 536 00:26:23,240 --> 00:26:26,000 it would help me a lot. I feel like in honor of, of 537 00:26:26,000 --> 00:26:29,680 Solana, just to be, you know, loyal to, to, to my Solana bags. 538 00:26:29,680 --> 00:26:33,800 My face is congested, you know, just just so you know, I'm going 539 00:26:33,800 --> 00:26:35,120 to have a fix. So I'm going to have to update 540 00:26:35,120 --> 00:26:38,400 my hardware to, to stay in tune with Solana. 541 00:26:38,400 --> 00:26:42,320 But anyway, so yeah, Solana's 143 and E 31 anyways, So in 542 00:26:42,320 --> 00:26:45,080 other news, let me see what else we got here. 543 00:26:45,080 --> 00:26:48,720 And I see, I see, I see we have the home girl mini news in the 544 00:26:48,720 --> 00:26:50,400 studio. We're going to bring you up in a 545 00:26:50,400 --> 00:26:54,120 minute here in a minute. So we have the fix coming up for 546 00:26:54,120 --> 00:27:01,360 the for the for the congestion You have you have the UK to 547 00:27:01,360 --> 00:27:03,600 introduce stablecom staking rules. 548 00:27:03,600 --> 00:27:05,320 Dude, we talked about UK last week. 549 00:27:05,320 --> 00:27:07,840 I don't know what the hell is going on over there OV, but I 550 00:27:07,840 --> 00:27:11,080 think we need to have you go and talk to Rishi here. 551 00:27:11,320 --> 00:27:12,600 Like you, I think you need to get involved. 552 00:27:13,240 --> 00:27:17,040 I think we need OV to go and talk to Rishi Sunat here and and 553 00:27:17,640 --> 00:27:19,240 and see what's up. And last with all these. 554 00:27:19,240 --> 00:27:24,120 Anyways, it was memes, memes, NFTS, alts, dreams. 555 00:27:24,120 --> 00:27:25,960 I mean the alts we already talked about quite a bit. 556 00:27:25,960 --> 00:27:28,160 I mean complete like new call across the board, right? 557 00:27:28,400 --> 00:27:30,920 With a lot of memes bouncing back pretty, pretty strongly. 558 00:27:31,360 --> 00:27:34,520 Especially Mando's duck, which seems to be. 559 00:27:34,840 --> 00:27:36,400 I can't wait to have Mando back on the show. 560 00:27:36,560 --> 00:27:38,840 Honestly, I want to talk to him about his duck and his 561 00:27:38,840 --> 00:27:41,880 experience so far. Seems like he's having a good 562 00:27:41,880 --> 00:27:43,640 time. Mando seems to really be having 563 00:27:43,640 --> 00:27:46,720 a good time. Movie looks like he's having 564 00:27:46,760 --> 00:27:49,320 fun. He's busy, he's busy. 565 00:27:49,920 --> 00:27:54,920 I've been quacking around on the on the NFTS man, it's again 566 00:27:55,880 --> 00:27:58,400 again like it's been it's been all ordinals about Bitcoin 567 00:27:58,480 --> 00:28:02,920 that's heavily been leading the narrative and whatnot. 568 00:28:02,920 --> 00:28:05,760 So that goes without saying. And for the first time today, OV 569 00:28:06,000 --> 00:28:10,360 unless you saw board eaves are trading in one digit 1 digit 570 00:28:10,360 --> 00:28:14,320 leave Yeah, board eaves stop for as low as 99 something. 571 00:28:14,320 --> 00:28:18,760 How how are we going? How long do you think Board 572 00:28:18,760 --> 00:28:21,800 Eaves can go here? It's it's pretty. 573 00:28:21,920 --> 00:28:25,160 I don't know, like it just, I mean, Ethan of teeth overall. 574 00:28:25,160 --> 00:28:29,600 I just said, you know it's your fault through Amando, through 575 00:28:29,600 --> 00:28:31,440 Amando. See you guys, you guys did that. 576 00:28:31,440 --> 00:28:36,040 Let's open up Digens. There are 10.18 but few were 577 00:28:36,080 --> 00:28:37,320 bit. How would you think what else 578 00:28:37,320 --> 00:28:38,800 can go seriously like what do you think? 579 00:28:38,800 --> 00:28:41,880 Do you think they'll go to like 3 fucking ES or something? 580 00:28:41,880 --> 00:28:43,960 Or do you think like there's going to be a bottom at some 581 00:28:43,960 --> 00:28:50,320 point? I don't know. 582 00:28:50,320 --> 00:28:53,960 That's a very tricky question to ask someone on live recorded. 583 00:28:54,560 --> 00:28:58,840 Yeah, I really don't know, like it feels like they can keep 584 00:28:58,840 --> 00:29:03,200 going lower because, you know, if you have an ape and you're 585 00:29:03,520 --> 00:29:07,320 crypto degen and you're seeing that people are like making 586 00:29:07,320 --> 00:29:10,640 money on meme coins or other things, you know, 10 ETH is 587 00:29:10,640 --> 00:29:14,000 still whatever it is, like 31K32K. 588 00:29:15,600 --> 00:29:17,240 So in your head, if you're just like, you know, if you're 589 00:29:17,240 --> 00:29:19,000 someone who's not married to your ape, you could be like, 590 00:29:19,000 --> 00:29:22,680 well, I could just gamble with this and maybe make some money 591 00:29:22,680 --> 00:29:26,200 back and then put buy, even even buy back the ape if you want to. 592 00:29:26,200 --> 00:29:28,720 I don't know. But it's a tough one. 593 00:29:28,760 --> 00:29:32,040 It's a tough one to just be stuck in depreciating assets 594 00:29:32,040 --> 00:29:35,240 when it's a market where everything is going higher. 595 00:29:35,840 --> 00:29:37,920 And I think we spoke about this like. 596 00:29:38,160 --> 00:29:39,840 Many times. Many we spoke about this a few 597 00:29:39,840 --> 00:29:43,520 weeks ago, I think when apes were like 17 or 18 ETH and we're 598 00:29:43,520 --> 00:29:47,960 just like, you know, at this point, if it's a it's a Raging 599 00:29:47,960 --> 00:29:50,520 Bull market and lots of things are going up, you can, you know, 600 00:29:50,840 --> 00:29:52,600 probably close your eyes and click on something and it will 601 00:29:52,600 --> 00:29:54,440 go up. And so if you're in something 602 00:29:54,440 --> 00:29:56,520 back holding this and that's going on something that's going 603 00:29:56,520 --> 00:29:59,680 lower, you just, you know, cut your losses and move to 604 00:29:59,680 --> 00:30:01,240 something else. And if you only rate for a 605 00:30:01,240 --> 00:30:05,280 different reason, because you like utility or like the brand 606 00:30:05,280 --> 00:30:07,920 or like the stuff that they're doing and like other side and 607 00:30:07,920 --> 00:30:09,520 APS and that kind of stuff, that's a different reason. 608 00:30:09,520 --> 00:30:13,200 But if you're in it for a trade or if you're in it to like make 609 00:30:13,200 --> 00:30:16,240 money and you know, maybe they will bring things that will 610 00:30:16,240 --> 00:30:18,200 cause them to do really well and make money. 611 00:30:18,200 --> 00:30:21,000 I'm not saying that's not a possibility and it probably will 612 00:30:21,000 --> 00:30:24,120 happen at some point in time, but it's it's really tough in 613 00:30:24,120 --> 00:30:25,760 this market. So I think just hold things that 614 00:30:25,840 --> 00:30:28,680 aren't performing that are assets from a previous cycle. 615 00:30:28,680 --> 00:30:33,000 Just on a, you know, high level in terms of the crypto world, 616 00:30:33,360 --> 00:30:34,760 it's really hard to like run those things. 617 00:30:34,760 --> 00:30:37,680 I think when there are just so many things that are going 618 00:30:37,680 --> 00:30:39,440 higher and you just need to buy it like. 619 00:30:40,320 --> 00:30:43,200 Yeah, yeah, it's it's really wild. 620 00:30:43,200 --> 00:30:46,480 Meanwhile, again, man, ordinals, I mean, I was trying to digense 621 00:30:46,480 --> 00:30:48,720 dashboard degense of finance. You can check it out. 622 00:30:48,720 --> 00:30:52,720 That's what I show every day on the on the on the show tool that 623 00:30:52,760 --> 00:30:54,840 OV Mando and their team with builds, which is pretty good. 624 00:30:54,840 --> 00:30:58,880 But in the meanwhile, the the big that you have you know 625 00:30:58,880 --> 00:31:02,840 ordinals that are up and Bitcoin puppets .47 no monkeys .47 626 00:31:03,320 --> 00:31:05,320 Ordinals Max speeds. Also, actually, these had a 627 00:31:05,320 --> 00:31:08,440 great tweet saying that there's, there's three bets right now on, 628 00:31:08,480 --> 00:31:11,640 on Bitcoin that are really good and they're similar prize, 629 00:31:11,640 --> 00:31:12,840 right? You have no monkeys. 630 00:31:13,160 --> 00:31:17,480 They go puppets and and OMB, which are actually three with 631 00:31:17,680 --> 00:31:21,680 very strong teams, communities and that are all looking like 632 00:31:21,680 --> 00:31:25,240 they could go like higher. And so you're looking at the 633 00:31:25,240 --> 00:31:28,640 rest of the market in terms of STS across all chains. 634 00:31:28,640 --> 00:31:30,120 Like, well, shit, like where do I park my money? 635 00:31:30,120 --> 00:31:31,600 And what do I think I can make money? 636 00:31:31,600 --> 00:31:34,760 And so I I don't blame people. Even the quantum cats also got 637 00:31:34,760 --> 00:31:37,800 swept up doing any .4. So that's four of them movie 638 00:31:37,800 --> 00:31:42,080 that are about point 4.45 Bitcoin that they're looking 639 00:31:42,080 --> 00:31:43,920 good. They're looking good, you know, 640 00:31:44,160 --> 00:31:47,160 and so again, Bitcoin taking narrative and they're having 641 00:31:47,160 --> 00:31:49,200 this weekend. Saturday. 642 00:31:49,240 --> 00:31:51,200 It looks like it we're looking like Saturday. 643 00:31:51,200 --> 00:31:54,240 I know it keeps on changing right, but you know, we're 644 00:31:54,240 --> 00:31:56,680 looking like Saturday for for the having. 645 00:31:57,400 --> 00:31:59,000 So that's going to that's going to go pretty well. 646 00:31:59,000 --> 00:32:01,760 We'll make we'll make having post having predictions when we 647 00:32:01,760 --> 00:32:04,680 have Mando on the show. But start thinking about it, 648 00:32:04,680 --> 00:32:06,200 start thinking about it everyone. 649 00:32:06,200 --> 00:32:08,480 So start thinking about your post having predictions. 650 00:32:08,720 --> 00:32:12,560 But but it's it's it's going to be very, very interesting as 651 00:32:12,560 --> 00:32:14,640 ruins go live. Actually, I can't wait. 652 00:32:14,840 --> 00:32:17,160 I picked up a couple ruin notes this morning because on the show 653 00:32:17,160 --> 00:32:18,920 the other day I said that, you know, I like no monkeys. 654 00:32:19,400 --> 00:32:22,320 I like, I like the ruin notes. The rune pops worked well with 655 00:32:22,320 --> 00:32:24,600 no monkeys. I picked up a couple ruins just 656 00:32:24,600 --> 00:32:26,080 to see. I really like the ruins. 657 00:32:26,320 --> 00:32:28,280 I, I, I know, I know I talk about them too much in the show, 658 00:32:28,280 --> 00:32:30,160 but I like him a lot. You know, I like him a lot. 659 00:32:30,200 --> 00:32:31,560 You know, there's a few things I like a lot right now. 660 00:32:31,840 --> 00:32:37,440 It's pups, ducks and roots, you know, So, so listen, I, I like 661 00:32:37,440 --> 00:32:39,880 to think that those, those are the, those are the right places 662 00:32:39,880 --> 00:32:41,080 to be in the room with anyways.