1 00:00:00,520 --> 00:00:12,480 Yo what up what up Good morning good morning GMG Wednesday 2 00:00:12,680 --> 00:00:23,280 Wednesday Wednesday what day it is Wednesday August 7th 2024444 3 00:00:23,600 --> 00:00:27,480 look at that another beautiful day to have a beautiful day. 4 00:00:28,040 --> 00:00:33,400 I got my Co hosts in the house, Tyler Mando. 5 00:00:33,560 --> 00:00:37,160 How you guys doing today? Great man, what a day. 6 00:00:37,640 --> 00:00:41,440 What a reversal. Yeah, it's, it's looking good. 7 00:00:41,840 --> 00:00:44,840 It is looking. It is looking good. 8 00:00:44,840 --> 00:00:47,560 I did say what I say last week on the show. 9 00:00:47,560 --> 00:00:53,800 I mean, I see a lot of crazy shit, but I said I say by my 10 00:00:53,800 --> 00:00:57,480 30th birthday, we're going to we're going to the market is 11 00:00:57,480 --> 00:00:59,480 going to start rallying. Wasn't that did I make a call 12 00:00:59,480 --> 00:01:01,840 like that? I think I did. 13 00:01:02,680 --> 00:01:04,720 Yeah, I think so. Well, we're exactly a month away 14 00:01:04,720 --> 00:01:09,160 today, So we're 30 days away from the phase two of the Raging 15 00:01:09,160 --> 00:01:11,320 Bull market. OK, hang tight. 16 00:01:11,320 --> 00:01:13,520 We're probably going to retest 50K one more time. 17 00:01:13,600 --> 00:01:15,160 OK, I. Think you actually casually 18 00:01:15,160 --> 00:01:20,040 dropped the Bitcoin with hit 50? Ki did last Wednesday. 19 00:01:20,160 --> 00:01:22,480 We should clip that. Last Wednesday I was like I was 20 00:01:22,480 --> 00:01:24,200 making fun of the range. I was like we're probably going 21 00:01:24,200 --> 00:01:26,600 to go back to 60 ASAP and then we went the next day. 22 00:01:27,200 --> 00:01:31,520 Sorry y'all sorry it's my fault. It's either my fault or my 23 00:01:31,520 --> 00:01:33,840 people's fault. So between Iran fucking around 24 00:01:34,120 --> 00:01:37,120 by the way it's Wednesday, it did they just lot. 25 00:01:37,120 --> 00:01:39,160 Anyways, let's not even talk about this stuff. 26 00:01:40,720 --> 00:01:44,240 How you guys doing today? Yeah, good. 27 00:01:44,240 --> 00:01:45,920 Fantastic. I woke up, saw the board, 28 00:01:46,240 --> 00:01:48,320 Everything's green. Even NFTS are green. 29 00:01:48,600 --> 00:01:50,760 Even ornals are green. Or those. 30 00:01:50,800 --> 00:01:53,600 People agree and then, you know, like it's, it's, it's a good 31 00:01:53,600 --> 00:01:55,520 day. I think it's because I stopped 32 00:01:55,520 --> 00:01:58,440 Clemente from buying a puppet. Thank you for your service. 33 00:01:59,280 --> 00:02:01,640 I, I, I mean, I had to, I had to get involved. 34 00:02:02,560 --> 00:02:04,600 I round tripped a half $1,000,000 puppets bag. 35 00:02:05,160 --> 00:02:08,560 I'm not going to let, I'm not going to let, I'm not going to 36 00:02:08,560 --> 00:02:11,800 stop the 2nd wave of the pump and I will be selling this time. 37 00:02:11,960 --> 00:02:14,080 I'm putting it out here. It's on the record on YouTube, 38 00:02:14,080 --> 00:02:16,640 on Twitter. Next time I see the puppets at 39 00:02:16,640 --> 00:02:20,480 half a Bitcoin, I'm going to offload a couple, OK, a, a, a 40 00:02:20,480 --> 00:02:22,640 couple, not all of them. I have a significant bag, but 41 00:02:23,280 --> 00:02:26,920 I'm definitely going to sell some OK, This time I'm actually 42 00:02:26,920 --> 00:02:30,120 going to take my Bitcoin because it's going a quarter $1,000,000, 43 00:02:30,440 --> 00:02:33,400 OK, Or if you listen to Kathy Wood, it's going $3,000,000. 44 00:02:33,760 --> 00:02:38,200 So, so definitely anyways, Mando needs to what, what are you guys 45 00:02:38,200 --> 00:02:39,840 talking about? What are you guys talking about 46 00:02:39,840 --> 00:02:40,720 in the comments again? Let's see. 47 00:02:40,720 --> 00:02:42,360 Mando needs to keep the shirt on. 48 00:02:42,400 --> 00:02:43,680 The last yes. We got professional. 49 00:02:43,680 --> 00:02:45,320 I got professional over the last couple of days. 50 00:02:45,400 --> 00:02:47,400 You know what? We got to bounce when you had 51 00:02:47,400 --> 00:02:49,160 the shirt on. I I I think you should go and 52 00:02:49,160 --> 00:02:50,600 change. The shirt stays on. 53 00:02:50,720 --> 00:02:52,640 Yeah. I think the shirt needs to stay 54 00:02:52,640 --> 00:02:53,160 on. It's in you. 55 00:02:53,160 --> 00:02:54,800 It's in you. It's in you, you know, dog with 56 00:02:54,800 --> 00:02:56,360 hat, you know, it's Mendo with shirt. 57 00:02:56,800 --> 00:03:00,880 Mendo with shirt. MMWNWSNWS. 58 00:03:00,880 --> 00:03:04,200 Yeah, you know, you know, I think, I think that's how you 59 00:03:04,200 --> 00:03:06,280 guys doing. Let let me know how you do in 60 00:03:06,280 --> 00:03:07,600 the comments. You know, we're broadcasting 61 00:03:07,600 --> 00:03:09,840 live on X. We're broadcasting live on on on 62 00:03:09,840 --> 00:03:14,560 Twitter so so so that way you guys can interact with us. 63 00:03:14,560 --> 00:03:17,200 But anyway, sit down the show today, today, market report as 64 00:03:17,200 --> 00:03:19,440 usual, crypto, macro, all that good stuff. 65 00:03:19,440 --> 00:03:22,880 There was some more news about Japan on the positive side, I 66 00:03:22,880 --> 00:03:26,760 think, but we'll let we'll let Mando explain that to us then 67 00:03:26,760 --> 00:03:30,080 Tyler's we're back to the top 100 no bottom 100, no mid 100 68 00:03:30,280 --> 00:03:32,360 top 100. We'll talk NFTS today, because I 69 00:03:32,360 --> 00:03:35,520 saw NFTS across the board pump. So I think we should we should 70 00:03:35,520 --> 00:03:38,040 recap that a little bit. So some good stuff across the 71 00:03:38,040 --> 00:03:42,040 board on NFT on the ETH sole and and the Bitcoin front. 72 00:03:42,040 --> 00:03:43,960 So absolutely love to to to see it. 73 00:03:44,120 --> 00:03:45,400 And last but not least, well, nothing. 74 00:03:45,800 --> 00:03:47,640 There you go Last but not least. Well, that's that No guest 75 00:03:47,640 --> 00:03:49,120 today. It was a really fun guest 76 00:03:49,120 --> 00:03:50,440 yesterday. I know if you saw they ended up 77 00:03:50,440 --> 00:03:53,280 putting a video out, which was really fun and a bunch of good 78 00:03:53,280 --> 00:03:56,040 stuff. But anyways, anyways, anyways, 79 00:03:56,040 --> 00:03:58,840 why don't we get this party started? 80 00:03:58,840 --> 00:04:03,400 Monsieur Mondo, where is my I need to reorganize my my Rd. 81 00:04:03,400 --> 00:04:07,560 cast. Oh, there you go, that was the 82 00:04:07,560 --> 00:04:11,920 wrong one. Who is the main macro daddy of 83 00:04:12,000 --> 00:04:16,680 the land? Can you dig it? 84 00:04:17,760 --> 00:04:22,440 Good day, good day again. Solana at 152, slightly going 85 00:04:22,440 --> 00:04:26,080 lower this morning. Bit of a rally in Bitcoin again. 86 00:04:26,080 --> 00:04:28,880 I think we were we were just below 56 K. 87 00:04:28,880 --> 00:04:32,560 We went live yesterday. We're now just above 66 K. 88 00:04:33,360 --> 00:04:37,960 If Ether's slightly underperformed again, I think 89 00:04:37,960 --> 00:04:39,800 that's actually slightly lower than maybe we went to the show 90 00:04:39,800 --> 00:04:45,120 yesterday, 2400. So kind of the same sort of 91 00:04:45,160 --> 00:04:46,840 story really that we've had for a while. 92 00:04:46,840 --> 00:04:49,920 I think the the important thing to know here is Solana finally 93 00:04:49,920 --> 00:04:53,880 broke out against Ethereum dominance. 94 00:04:54,040 --> 00:04:57,960 Dominance is heading towards 4%, it looks like, and solely 95 00:04:58,600 --> 00:05:01,960 hitting you all time high and and kind of blasted through that 96 00:05:01,960 --> 00:05:03,160 all time high. If I'm honest. 97 00:05:03,640 --> 00:05:08,280 It's a 6% move today. So a lot of love for slum on the 98 00:05:08,280 --> 00:05:09,800 timeline. A lot of people. 99 00:05:09,800 --> 00:05:12,760 Thank you on ETH. I think the ETH move, you know, 100 00:05:12,760 --> 00:05:16,040 there's there's a few things probably to note there. 101 00:05:17,160 --> 00:05:21,000 You have jump exiting. You've also weirdly had like 2 102 00:05:21,000 --> 00:05:23,840 billion worth of ETH, which was confiscated by the Chinese 103 00:05:23,840 --> 00:05:29,840 police has been moving. So like big old clips of ETH are 104 00:05:29,840 --> 00:05:32,120 moving and people are getting slightly bearish around that. 105 00:05:32,600 --> 00:05:36,960 And then Solana's conversely, we've seen a big rally in all 106 00:05:36,960 --> 00:05:39,120 the meme coins that's been the altcoins. 107 00:05:39,120 --> 00:05:41,880 I've seen the biggest gains and people have got bullish on the 108 00:05:41,880 --> 00:05:43,600 back of those. So I think a lot of stuff 109 00:05:43,600 --> 00:05:47,600 happening again on Solana crazy volumes going through by the 110 00:05:47,600 --> 00:05:50,040 way, the in the market at the moment, hyper liquid, which is 111 00:05:50,040 --> 00:05:56,360 one of the main perp Dexes did 4.2 billion volume on Monday by 112 00:05:56,360 --> 00:05:58,960 Axel premium close for the for the year. 113 00:06:00,280 --> 00:06:04,280 Definitely a big, big, big, big move the last the last few days 114 00:06:04,280 --> 00:06:07,480 in terms of in terms of volume right here. 115 00:06:07,480 --> 00:06:09,840 I don't really know what to say. Like I feel as though this is 116 00:06:09,840 --> 00:06:12,600 aggressive move in Soleith off that bottom. 117 00:06:12,920 --> 00:06:15,720 Maybe that gets tested one more time. 118 00:06:16,160 --> 00:06:20,160 It did pretty convincingly, like smashed through those levels. 119 00:06:21,160 --> 00:06:23,480 And I think there's still some short term headwinds for youth 120 00:06:23,480 --> 00:06:28,240 just given potentially you have big sellers kind of waking up. 121 00:06:29,040 --> 00:06:31,600 But that's why I think that is the number one thing I think 122 00:06:31,600 --> 00:06:34,360 people are looking at in crypto today is the Solana youth chart. 123 00:06:34,680 --> 00:06:37,400 Bitcoins is kind of hanging out that we'll be looking at what 124 00:06:37,400 --> 00:06:40,200 happens in macro. Last night on the macro front, 125 00:06:41,560 --> 00:06:45,240 the Japanese BOJ governor came out and said we're not going to 126 00:06:45,240 --> 00:06:48,440 hike rates again given the market volatility. 127 00:06:48,880 --> 00:06:50,720 That was just like a short term thing he might do in the in the 128 00:06:50,720 --> 00:06:52,560 long term, but he said basically in the short term, they're not 129 00:06:52,560 --> 00:06:54,360 going to do anything to mess things up. 130 00:06:55,440 --> 00:06:57,840 My personal views today and tomorrow we probably see a 131 00:06:57,840 --> 00:07:01,400 little bit of reversal here, a test of of how strong this rally 132 00:07:01,400 --> 00:07:02,720 is. Crypto has been pretty 133 00:07:02,720 --> 00:07:05,680 resilient. So although obviously we under 134 00:07:05,680 --> 00:07:09,280 formed the weekend, the strength in crypto has been has been 135 00:07:09,280 --> 00:07:12,520 strong versus potentially macro here. 136 00:07:12,960 --> 00:07:17,400 Like if on Friday we were at 61K, now we're 57, it's down 137 00:07:17,400 --> 00:07:21,600 about 9%. Again, that kind of feels about 138 00:07:21,600 --> 00:07:24,480 right compared to where stocks have moved. 139 00:07:25,520 --> 00:07:28,080 And that's despite outflows. Is that what I'm seeing on the 140 00:07:28,080 --> 00:07:30,040 Bitcoin front? I know ETH was inflows. 141 00:07:31,000 --> 00:07:35,440 Yes, we've seen massive volumes going through but but small 142 00:07:35,440 --> 00:07:36,920 outflows, I would say nothing. Like that. 143 00:07:36,920 --> 00:07:39,000 Oh, and nothing big, but it's outflows here. 144 00:07:39,440 --> 00:07:41,280 And then ETH has been seeing inflows. 145 00:07:42,040 --> 00:07:44,280 So. Yeah, that's been, that's been. 146 00:07:44,360 --> 00:07:45,720 Surprised. Yeah. 147 00:07:46,680 --> 00:07:49,760 I mean, it's BlackRock leading the the the charger, right? 148 00:07:50,160 --> 00:07:53,440 I saw the only they're also rebranding the iShares right for 149 00:07:53,440 --> 00:07:56,360 their product on ETH etcetera. But it's looks like. 150 00:07:57,120 --> 00:08:00,160 Most of their ETFs are Isha. They're called iShares. 151 00:08:00,320 --> 00:08:04,840 Yeah. But the yeah, Blackworks had 900 152 00:08:05,000 --> 00:08:09,200 million of inflows into the ETF. Interestingly at Bitcoin, the 153 00:08:09,200 --> 00:08:12,040 Bitcoin conference, that was one of the more interesting people 154 00:08:12,040 --> 00:08:14,320 to speak. It was the the head of BlackRock 155 00:08:14,320 --> 00:08:16,320 ETF basically came out and said most of the people are buying 156 00:08:16,320 --> 00:08:18,880 their ETFs are buy and hold, they're not touching it. 157 00:08:19,400 --> 00:08:22,360 So it's good to see 900 million basically going to buy and hold 158 00:08:22,360 --> 00:08:24,360 style investors and I think that's probably the same for 159 00:08:24,360 --> 00:08:28,720 Ether as well. Yeah, I saw that. 160 00:08:29,160 --> 00:08:33,080 In terms of altcoins at the top 500, pretty much every single 161 00:08:33,080 --> 00:08:36,880 one of the major gainers was meme coins in particular, like 162 00:08:36,880 --> 00:08:40,159 the midcap meme coins have have really rallied. 163 00:08:40,159 --> 00:08:43,320 I think out of the top meme coins probably with has had the 164 00:08:43,320 --> 00:08:47,840 strongest bounce. But you know, I think that's 165 00:08:47,840 --> 00:08:51,640 relatively similar to what Solana bounce off the bottom. 166 00:08:51,840 --> 00:08:56,120 Still like this is you compare the Solana and the with chart 167 00:08:56,440 --> 00:09:00,000 they it still looks like Solanas beating out that but sold meme 168 00:09:00,000 --> 00:09:02,400 coins. Definitely, I think surprised 169 00:09:02,400 --> 00:09:06,920 quite a few people with how strong that that rebound has 170 00:09:06,920 --> 00:09:08,520 been. Yeah. 171 00:09:11,200 --> 00:09:13,440 Including Epic. Including epic. 172 00:09:13,760 --> 00:09:16,040 Let's let's have a look. We don't, we haven't looked at 173 00:09:16,040 --> 00:09:17,200 it in a bit. I mean it's. 174 00:09:17,720 --> 00:09:19,800 Because everyone's sold. So no. 175 00:09:24,520 --> 00:09:30,520 One tells me what they sell so. Oh, no data here. 176 00:09:30,960 --> 00:09:32,600 Oh God. Oh, it's over. 177 00:09:33,040 --> 00:09:34,160 It's over, guys. It's not at all. 178 00:09:34,920 --> 00:09:37,680 I mean, hold on, the fuck is going on with that screen? 179 00:09:37,840 --> 00:09:39,840 What? I'm not making this up. 180 00:09:39,840 --> 00:09:43,000 I mean, I can try it. Let me see if I'm like the Pepe 181 00:09:43,000 --> 00:09:44,480 chart, for example, if it's broken too. 182 00:09:44,960 --> 00:09:46,840 Yeah, that Screener is down. OK. 183 00:09:47,760 --> 00:09:49,240 Yeah. Wait, that's bullish, no? 184 00:09:49,920 --> 00:09:52,040 I think so. I think so that's bullish sign. 185 00:09:52,800 --> 00:09:56,480 There was some funny updates from Pop dot Fun yesterday. 186 00:09:56,480 --> 00:09:58,480 They got like they're basically going to allow meme coins that 187 00:09:58,680 --> 00:10:02,640 that have no telegram, no telegram, no website, and 188 00:10:02,640 --> 00:10:05,840 basically going to allow all the chat to happen on Pump dot Fun. 189 00:10:05,840 --> 00:10:08,800 I think the first coin to really do this was this Rap Dog coin. 190 00:10:09,280 --> 00:10:13,040 It seems to be a bit of a runner, but maybe that changes 191 00:10:13,120 --> 00:10:14,800 meme coins a little bit. I don't know. 192 00:10:15,360 --> 00:10:18,320 Rap Dog is at 20 million on the back of that. 193 00:10:19,000 --> 00:10:21,040 Yeah, no, we love that. I'm in this one. 194 00:10:21,520 --> 00:10:26,120 I'm back in the trenches. I definitely like this dog for 195 00:10:26,120 --> 00:10:28,600 sure. That's a, that's a, that's a 196 00:10:28,600 --> 00:10:30,680 good round up. I mean, look, Solana is at 152 197 00:10:30,680 --> 00:10:32,200 here. ETH is 2430. 198 00:10:32,200 --> 00:10:34,800 I mean, it's some, you know, quite some fodder with the 199 00:10:34,800 --> 00:10:38,080 Japanese, the Chinese seas, $2 billion worth and jump, you 200 00:10:38,080 --> 00:10:40,440 know, absolutely obliterating that chart. 201 00:10:40,680 --> 00:10:42,240 And also Vitalik is a girlfriend. 202 00:10:42,440 --> 00:10:44,400 I mean, it's as if things couldn't get any worse. 203 00:10:45,680 --> 00:10:50,000 I love that one, just oh fuck. Yeah, I mean the signs were 204 00:10:50,000 --> 00:10:50,960 there. I mean, you are. 205 00:10:50,960 --> 00:10:53,360 You are you are helping spread that thought man though because 206 00:10:53,360 --> 00:10:55,320 I saw you post about it and we should have known. 207 00:10:55,720 --> 00:10:58,360 I've decided to stop putting memes on the Epic Duck account 208 00:10:58,360 --> 00:11:00,240 and just do them myself, so you're going to see a lot more 209 00:11:00,240 --> 00:11:02,040 memes in terms of my content from. 210 00:11:02,040 --> 00:11:03,840 Now on I noticed that huge stuff that's. 211 00:11:04,840 --> 00:11:08,120 Huge pain to duck alpha I guess. Yeah, huge piece of alpha. 212 00:11:08,120 --> 00:11:09,520 I mean, look. At this I was just doing them on 213 00:11:10,000 --> 00:11:12,440 the epic duck account, but then I felt like they're going to get 214 00:11:12,440 --> 00:11:14,480 more engagement from my. Account is that bearish epic 215 00:11:14,480 --> 00:11:16,200 duck though. Are you done being the intern? 216 00:11:16,880 --> 00:11:19,800 No, I'll do both, but I think recently I was doing it from the 217 00:11:19,800 --> 00:11:22,240 epic dunk count and and now I'm just going to do it from my 218 00:11:22,240 --> 00:11:24,360 account a bit more. Should have sold it all when 219 00:11:24,360 --> 00:11:27,080 this guy, this guy was always going to get a girlfriend. 220 00:11:27,760 --> 00:11:29,040 I like that. I like that. 221 00:11:29,920 --> 00:11:31,080 Well, there's the epic. There you go. 222 00:11:31,080 --> 00:11:33,480 I think was posted this morning. So that's the epic chart here. 223 00:11:33,480 --> 00:11:35,720 I couldn't pull it up on deck Screener because it's down, but 224 00:11:36,120 --> 00:11:37,600 it's looking good. Looking good. 225 00:11:37,600 --> 00:11:41,480 Mandos Mandos cooking 34 hours percent on the on the last 24 226 00:11:41,480 --> 00:11:42,640 hours. You absolutely love to see it. 227 00:11:42,640 --> 00:11:45,680 Mid calf, small calf in general everything seems to be running 228 00:11:45,680 --> 00:11:49,000 better and you absolutely. I'm going through your page. 229 00:11:49,000 --> 00:11:52,120 So funny. She's so redacted. 230 00:11:52,640 --> 00:11:55,760 This guy's posted like 10 memes in like 7 hours dude I. 231 00:11:56,080 --> 00:12:00,120 I did it all day for months on the epic don't count, so I might 232 00:12:00,120 --> 00:12:01,440 as well just do it on my own account now. 233 00:12:01,640 --> 00:12:03,760 So yeah, you're going to see a lot more meme, man, a minute 234 00:12:03,840 --> 00:12:07,600 meme. Fantasy top card holders, take 235 00:12:07,600 --> 00:12:10,360 note here. Take note here Fantasy top card 236 00:12:10,360 --> 00:12:11,840 holders. Mando is back. 237 00:12:12,320 --> 00:12:17,720 Mando is now going to be posting, you know, his his memes 238 00:12:17,720 --> 00:12:19,960 on this account. But look, that's a good round 239 00:12:19,960 --> 00:12:21,440 up. It seems like everything's fixed 240 00:12:21,440 --> 00:12:23,680 in Japan, right? We're done worrying about Japan. 241 00:12:24,680 --> 00:12:26,760 No, God, no. What do you mean though? 242 00:12:27,640 --> 00:12:29,720 They've still got a there's still a lot of this trade to 243 00:12:29,720 --> 00:12:31,680 unwind. He basically says he will not 244 00:12:31,680 --> 00:12:34,760 raise rates in the short term, but this trade will continue to 245 00:12:34,760 --> 00:12:37,240 unwind. Arthur Hayes again put out a 246 00:12:37,240 --> 00:12:39,640 good blog post on this. I'd recommend everyone goes 247 00:12:39,640 --> 00:12:42,560 reads it, but the TLDR is you should buy Bitcoin, which is 248 00:12:42,560 --> 00:12:48,360 kind of his TLDR always. But I do think that even as this 249 00:12:48,360 --> 00:12:51,680 trade probably unwinds, and this is what I said two days ago, I 250 00:12:51,680 --> 00:12:56,680 think tech stocks are way more exposed to this trade than 251 00:12:56,680 --> 00:12:58,680 crypto is. I, I was surprised that crypto 252 00:12:58,680 --> 00:13:00,880 got hammered so hard on the weekend, but I think that as I 253 00:13:00,880 --> 00:13:02,640 said before, I think it was because it was the only market 254 00:13:02,640 --> 00:13:05,400 open and it was easy to short. Not many people were borrowing 255 00:13:05,400 --> 00:13:08,960 in yen to buy Bitcoin. A lot of people were doing it in 256 00:13:08,960 --> 00:13:12,320 treasuries. They were doing it in they were 257 00:13:12,320 --> 00:13:15,560 doing it in tech stocks, doing it in all other risk assets. 258 00:13:15,600 --> 00:13:18,560 I'm honest. So I, I expect, I expect the 259 00:13:18,560 --> 00:13:22,000 next move of this might be the crypto probably goes a little 260 00:13:22,000 --> 00:13:25,320 bit lower here if macro fails to hold on to the gains. 261 00:13:25,760 --> 00:13:28,640 But I don't think it falls out of bed in the same way that that 262 00:13:28,720 --> 00:13:32,320 tech stocks do. OK, well, I guess we'll see what 263 00:13:33,040 --> 00:13:36,040 what happens on that front in in Japan. 264 00:13:36,040 --> 00:13:38,040 So wait, the yen is back down, right? 265 00:13:38,320 --> 00:13:42,440 So the yen, when the currency goes up, all the shake hits the 266 00:13:42,440 --> 00:13:45,640 fan and when the yen goes back down is when it's good. 267 00:13:46,000 --> 00:13:48,960 So I should probably buy some yen ahead of going to Japan. 268 00:13:49,240 --> 00:13:51,000 I missed my chance though, yen was so cheap. 269 00:13:53,720 --> 00:13:55,640 This is still. This is too low. 270 00:13:56,000 --> 00:13:58,040 The trip to Japan got a little more expensive. 271 00:13:58,040 --> 00:14:01,160 Anyways, Tyler, let's see what you got for us today. 272 00:14:01,240 --> 00:14:04,440 Four daily NFT and crypto analysis. 273 00:14:06,480 --> 00:14:09,280 Tyler D on FOMO Hour calls the kids. 274 00:14:10,480 --> 00:14:17,200 Can all right yeah, we had crypto majors up about 1 to 5% 275 00:14:17,200 --> 00:14:20,440 here this morning down a little bit since we've been live. 276 00:14:20,440 --> 00:14:24,440 We have Bitcoin 56356 thousand 370 Seoul leading the way once 277 00:14:24,440 --> 00:14:26,080 again. As Mando mentioned, Seoul ETH 278 00:14:26,880 --> 00:14:29,120 just continues to rip jump trading. 279 00:14:29,120 --> 00:14:31,480 They sold another $100 million worth of ETH, bringing their 280 00:14:31,480 --> 00:14:33,640 cumulative total sold over 600 million. 281 00:14:33,920 --> 00:14:37,520 They've got just $60 million left in these walls according to 282 00:14:37,520 --> 00:14:39,640 look on Chase. So perhaps they are almost 283 00:14:39,640 --> 00:14:41,840 through. Morgan Stanley advisors are 284 00:14:41,840 --> 00:14:45,120 starting to offer those Bitcoin ETFs to their clients today. 285 00:14:45,680 --> 00:14:50,400 So hopefully they start lighting up the phones for that product. 286 00:14:50,400 --> 00:14:53,800 We saw Starknet CEO Diego Olivia step down after holding that 287 00:14:53,800 --> 00:14:57,440 position for about 1 1/2 years. NASDAQ and Black BlackRock, they 288 00:14:57,440 --> 00:15:01,160 filed for an options product on top of their spot ETFs. 289 00:15:01,160 --> 00:15:04,560 So we're going to have ETFs and ETF options. 290 00:15:04,560 --> 00:15:06,560 That's going to be big. I know I've already seen folks 291 00:15:06,600 --> 00:15:10,240 calling for demand for that. Ronan reported another exploit. 292 00:15:10,240 --> 00:15:11,440 I think this is the same exploit. 293 00:15:11,520 --> 00:15:14,040 This week. They recovered 10 million from 294 00:15:14,040 --> 00:15:16,680 white hats after the bridge exploit, so that was good. 295 00:15:16,680 --> 00:15:19,400 The bridge remains closed and it's going to be audited prior 296 00:15:19,400 --> 00:15:21,440 to reopening. I I would hope so. 297 00:15:21,800 --> 00:15:24,400 And then a shout out to our our partner arbitrumps. 298 00:15:24,400 --> 00:15:27,080 And there's Ubisoft announced that their crypto game will take 299 00:15:27,080 --> 00:15:30,800 place on arbitrump and they are working with captain Laserhawk 300 00:15:30,840 --> 00:15:35,600 the game on the endeavour and meme news meme coin majors up 301 00:15:35,600 --> 00:15:38,000 big on the day. I think with was leading. 302 00:15:38,000 --> 00:15:42,720 We saw mid tiers up 40 to 75% get in the rap dog and Nero 303 00:15:43,400 --> 00:15:45,560 leading the charge there for the mid tiers. 304 00:15:45,560 --> 00:15:48,400 Pump font as Mando alluded to announce a new endless chat 305 00:15:48,400 --> 00:15:51,520 function signaling no need for chat apps like Telegram for 306 00:15:51,520 --> 00:15:54,320 token launches. Then Eric Trump and the Trump 307 00:15:54,320 --> 00:15:57,600 family are teasing a big announcement coming after Eric 308 00:15:57,600 --> 00:16:01,440 said that he has fallen in love with crypto and D Fi leading to 309 00:16:01,440 --> 00:16:04,440 speculation of a potential token launch and potential D5 launch 310 00:16:04,440 --> 00:16:08,160 or Trump fund Trump dot fund perhaps coming later today in 311 00:16:08,160 --> 00:16:11,520 NFT news, the Magic Eden Foundation changed their handle 312 00:16:11,520 --> 00:16:16,480 to token to dollar sign me driving speculation that Magic 313 00:16:16,480 --> 00:16:18,280 Eden AirDrop might be around the corner. 314 00:16:18,720 --> 00:16:22,080 We saw ordinals rally 20 to 40% on the day led by notes and 315 00:16:22,080 --> 00:16:24,080 puppets. Ethan FT is up five to 10%. 316 00:16:24,280 --> 00:16:26,760 The D Gods Frank is back for Frank. 317 00:16:27,320 --> 00:16:28,880 He's out of the meme corn trenches. 318 00:16:28,880 --> 00:16:32,120 He's still probably in the meme corn trenches, but the D guys 319 00:16:32,120 --> 00:16:35,440 are moving their primary chat to Telegram, creating a new D Gods 320 00:16:35,440 --> 00:16:39,080 HQ in Telegram focused on timeline rating and it was 321 00:16:39,080 --> 00:16:42,320 enough to move the market. D Gods up 60% on the day. 322 00:16:43,000 --> 00:16:45,840 Absolutely love to see it. I absolutely love to see it. 323 00:16:45,840 --> 00:16:48,160 So hold on. So I don't even know where to 324 00:16:48,160 --> 00:16:50,680 start here, but I was going to start with NFTS, but I go to go 325 00:16:51,000 --> 00:16:52,920 to Trump. I mean Trump stuff for sure. 326 00:16:53,320 --> 00:16:55,480 Donnie T Junior, right? Is that so? 327 00:16:55,480 --> 00:16:57,400 He's saying so this tweet, right. 328 00:16:57,400 --> 00:16:59,800 Like, tell me you're about to launch a shit coin without 329 00:16:59,800 --> 00:17:00,840 telling me about to launch a shit coin. 330 00:17:00,840 --> 00:17:03,760 I mean, I hope he asks Ansam for his permission here. 331 00:17:04,720 --> 00:17:07,680 But we're about to shake up the crypto world with something 332 00:17:07,680 --> 00:17:12,359 huge. Huge centralized finance is the 333 00:17:12,359 --> 00:17:13,760 future. Don't get left by. 334 00:17:13,760 --> 00:17:17,079 I mean, Sahil. If Sahil is behind this, he's 335 00:17:17,079 --> 00:17:19,079 the GOAT. Like if Sahil is behind this, 336 00:17:19,760 --> 00:17:21,880 like he's Lily is the greatest I've ever done it. 337 00:17:21,880 --> 00:17:23,960 I mean, what what what is what is going on here? 338 00:17:24,359 --> 00:17:27,280 Yeah. You, you faded the lead or you 339 00:17:27,280 --> 00:17:30,960 buried the lead, the, the hashtag so #crypto #defiant and 340 00:17:30,960 --> 00:17:36,640 then hashtag be defiant. That's not a tell of just a 341 00:17:36,640 --> 00:17:40,440 terrible protocol name or token name to come. 342 00:17:43,800 --> 00:17:45,280 Clearly something is is brewing here. 343 00:17:45,480 --> 00:17:47,240 They're going to launch something. 344 00:17:47,760 --> 00:17:50,880 I think if they launch a token, like everyone's going to race to 345 00:17:50,880 --> 00:17:53,680 it no matter what. Why been like thinking about 346 00:17:53,680 --> 00:17:57,720 this like a bigger picture, like we've got, you know, Trump is in 347 00:17:57,720 --> 00:18:01,960 a very heated race right now and his his sons are are off and and 348 00:18:01,960 --> 00:18:04,240 crypto is becoming kind of a core issue. 349 00:18:04,840 --> 00:18:09,600 If his if his sons launch a a shit coin and it doesn't do well 350 00:18:09,600 --> 00:18:13,000 or it rugs like that, it could be a little bit of a blow, 351 00:18:13,040 --> 00:18:14,200 right? Like it's clearly they're not 352 00:18:14,200 --> 00:18:16,960 taking it seriously. So like if it's not a serious 353 00:18:16,960 --> 00:18:19,520 launch, then I think it's it's got some potential negative 354 00:18:19,520 --> 00:18:22,360 consequences here. So I think there's a little bit 355 00:18:22,360 --> 00:18:28,040 more at stake than. So the DJT thing like rugs and 356 00:18:28,040 --> 00:18:29,640 then the same day they tweet this. 357 00:18:30,200 --> 00:18:32,840 Yeah, that was the other hilarious coincidental timing 358 00:18:32,840 --> 00:18:35,600 aspect of this. So the this started with Eric 359 00:18:35,600 --> 00:18:39,840 Trump actually he tweeted yesterday, I'm paraphrasing, but 360 00:18:39,840 --> 00:18:43,520 that he had fallen in love with crypto and D5 and that came 361 00:18:44,240 --> 00:18:49,520 about 8 hours after the DJT token had sold off in the 362 00:18:49,520 --> 00:18:51,440 liquidity pulled. So I think rug is probably the 363 00:18:51,440 --> 00:18:53,040 right. It's a fair term for what 364 00:18:53,040 --> 00:18:56,520 happened to DJTI Mean a. 100% of rug, I mean liquidity was 365 00:18:56,520 --> 00:19:00,800 completely pulled, right? And then same day this came out. 366 00:19:02,880 --> 00:19:06,520 So it it seems that's why folks are thinking it's a token, 367 00:19:06,520 --> 00:19:10,720 right? There's a lot of dots to connect 368 00:19:10,720 --> 00:19:13,320 that the tinfoil hats are on. I mean, maybe we'll find out 369 00:19:13,320 --> 00:19:14,120 later today. I. 370 00:19:15,000 --> 00:19:16,560 Mean. Token people are going to slam 371 00:19:16,560 --> 00:19:20,600 the buy button on it regardless. But oh, yeah, I I'm ready. 372 00:19:20,640 --> 00:19:22,480 My bunk's back to being filled up. 373 00:19:22,600 --> 00:19:25,640 What do you think? Amanda, wait. 374 00:19:25,680 --> 00:19:26,560 I've heard. It's a token. 375 00:19:27,080 --> 00:19:28,160 I've heard it's bringing out a token. 376 00:19:28,640 --> 00:19:31,800 And it's if he says D5I mean it's probably going to be a area 377 00:19:31,800 --> 00:19:34,240 of a coin. I don't think it's D5, I think 378 00:19:34,240 --> 00:19:35,840 it's just a coin. I think it may be a coin with 379 00:19:35,840 --> 00:19:36,800 utility. I don't know. 380 00:19:38,960 --> 00:19:42,960 And he's tagging like the actual Donald Trump in there, but he's 381 00:19:43,440 --> 00:19:44,720 going the extra mile, right, Tyler? 382 00:19:44,720 --> 00:19:45,800 You're talking about the risk, right? 383 00:19:45,800 --> 00:19:47,920 They're actually like tagging Donnie T, right? 384 00:19:49,520 --> 00:19:50,680 I don't. Know, I actually, I actually 385 00:19:50,680 --> 00:19:53,120 missed that part when I was reporting on this, so I hadn't 386 00:19:53,120 --> 00:19:56,720 realized that they tagged them. Not that that doesn't mean 387 00:19:56,720 --> 00:20:00,760 anything, but I mean, I don't know. 388 00:20:00,920 --> 00:20:04,840 I don't know. Damn, I hope they don't. 389 00:20:04,840 --> 00:20:08,240 They've already been fumbling this whole thing, you know? 390 00:20:08,600 --> 00:20:10,440 And I hope they don't fumble this further. 391 00:20:11,200 --> 00:20:14,280 Pull up the pull up the trump token on we this got I mean dex 392 00:20:14,280 --> 00:20:16,280 is working again like. Is it working? 393 00:20:16,280 --> 00:20:18,480 You gotta be nervous, right? If you're. 394 00:20:20,200 --> 00:20:22,200 I mean, that is like the new Joe Bowden, right? 395 00:20:22,200 --> 00:20:26,040 Like that, that thing, that thing is just like, oh, I can't 396 00:20:26,040 --> 00:20:29,680 connect to server. No, OK, nothing works for me on 397 00:20:29,720 --> 00:20:32,080 unless you have it, but it's definitely not working for me. 398 00:20:32,480 --> 00:20:35,760 Oh, this is my VPN. Let me turn it off, yeah. 399 00:20:35,760 --> 00:20:39,280 It's one of your name. Yeah, yeah, it looks like it was 400 00:20:39,280 --> 00:20:40,040 the VPN. Sorry. 401 00:20:40,680 --> 00:20:41,680 Yeah, it was. Oh, yeah. 402 00:20:41,800 --> 00:20:43,040 OK, turn VPN off. It works. 403 00:20:43,640 --> 00:20:47,320 There you go. Dude, look at the state of this 404 00:20:47,400 --> 00:20:50,680 point. Yeah, not great. 405 00:20:50,680 --> 00:20:54,200 So I actually bought on the assassination attempt day. 406 00:20:54,920 --> 00:20:57,520 I was like, OK, this thing. Is it was this pump, But see, 407 00:20:57,520 --> 00:20:59,640 that was it, that was it. That was the assassination 408 00:20:59,640 --> 00:21:02,320 candle I remember. Luckily, as soon as it didn't 409 00:21:02,320 --> 00:21:05,640 really catch any traction, I, I cut ties pretty fast luckily. 410 00:21:05,640 --> 00:21:07,720 And I mean, it looks terrible, right? 411 00:21:07,960 --> 00:21:11,400 And, and now if, if this will be considered the real Trump coin, 412 00:21:12,080 --> 00:21:13,560 if they actually launch a coin, right? 413 00:21:13,560 --> 00:21:15,480 It's from his sons. This is about as close as you're 414 00:21:15,480 --> 00:21:19,280 ever going to get. And it seems like terrible news 415 00:21:19,560 --> 00:21:21,520 for any other Trump related token. 416 00:21:22,600 --> 00:21:26,240 Yeah. I mean, it's, it's, I mean, it's 417 00:21:26,240 --> 00:21:29,080 pretty bad, the state of this. I mean, all of them, right? 418 00:21:29,080 --> 00:21:30,960 Where's Trump at? It must be even worse. 419 00:21:32,640 --> 00:21:34,640 I'll be honest, I've kind of stopped tracking the polyfi 420 00:21:34,640 --> 00:21:35,840 coins. Yeah. 421 00:21:36,720 --> 00:21:38,400 Jesus Christ. Yeah, that's not great. 422 00:21:39,080 --> 00:21:41,400 I mean, it's kind of like the it's the Bowden Effect all over 423 00:21:41,400 --> 00:21:43,560 again, right. I think we we talked about this 424 00:21:43,560 --> 00:21:45,640 a while ago, though. We said like prediction markets 425 00:21:45,640 --> 00:21:48,360 are taken away from polyfi. Oh, yeah. 426 00:21:49,200 --> 00:21:54,720 Wait, Bowden is at 5 million? Why would you own Bowden? 427 00:21:55,400 --> 00:21:57,720 I know I'm just saying like this is crazy man though. 428 00:21:58,160 --> 00:22:01,000 And still higher than 0. It's 5 million higher than 0. 429 00:22:02,080 --> 00:22:07,360 Dude that is absolutely wild holy shit. 430 00:22:07,960 --> 00:22:10,800 I don't think a Tim Waltz coin even really spun up like that's 431 00:22:10,800 --> 00:22:12,320 that's kind of like the state of polyfi. 432 00:22:12,440 --> 00:22:16,000 It's like you know this like a surprise VP candidate who's all 433 00:22:16,000 --> 00:22:20,680 over TV doesn't even get like a a shit corner to to a few 434 00:22:20,680 --> 00:22:22,080 1,000,000 bucks. So. 435 00:22:22,920 --> 00:22:25,920 Wi-Fi actions on Polymarket and memes are just memes now. 436 00:22:26,720 --> 00:22:31,720 Yeah, it's it's definitely not picking up at all right now. 437 00:22:31,720 --> 00:22:34,080 So I guess polyfi tokens are dead. 438 00:22:35,120 --> 00:22:38,800 That's that's one thing. And that's that the, the what 439 00:22:38,800 --> 00:22:40,240 about the what about the markets? 440 00:22:40,240 --> 00:22:43,920 What how of the prediction markets reacted to Waltz's VP 441 00:22:43,920 --> 00:22:48,680 nomination? Tom was grinding up on like the 442 00:22:48,680 --> 00:22:52,280 primary election. Bet she's up to 47% I saw this 443 00:22:52,280 --> 00:22:54,280 morning. It's the highest I've seen her 444 00:22:54,360 --> 00:22:57,360 on Polymarket. Yeah, 5147. 445 00:22:57,360 --> 00:22:59,880 So that's the closest. I mean, it feels like I'm just a 446 00:23:00,080 --> 00:23:05,360 total coin flip at this point. The market is pretty confident 447 00:23:05,360 --> 00:23:08,520 that Vance will debate Waltz. That will be an entertaining 448 00:23:08,520 --> 00:23:12,520 debate if and when that that that does take place. 449 00:23:12,560 --> 00:23:15,720 So I'll certainly be tuning in for that one. 450 00:23:17,400 --> 00:23:19,440 But yeah, other than that, I haven't seen any any huge 451 00:23:19,440 --> 00:23:21,320 swings. It just seems like the election 452 00:23:21,320 --> 00:23:24,800 is a coin flip and the market's going to kind of go 5050 here. 453 00:23:25,600 --> 00:23:27,760 Yep, definitely seeing that for sure. 454 00:23:27,760 --> 00:23:29,680 All right, well, let's talk. Why don't we talk about our 455 00:23:29,680 --> 00:23:32,000 NFTSA little bit? I mean, it looks like we're 456 00:23:32,480 --> 00:23:36,320 we're somewhat we're somewhat back on NFT front on red days. 457 00:23:36,320 --> 00:23:37,800 We've been getting green days over here. 458 00:23:37,800 --> 00:23:41,960 Look at that on Ethereum. You know everything I mean, 459 00:23:42,080 --> 00:23:45,080 besides punks seem to be somewhat up. 460 00:23:45,360 --> 00:23:48,360 You have the board, apes were up eight points, pudgies are up, 461 00:23:48,400 --> 00:23:51,360 you know, immunes, etcetera. D God's up 60 points here, 462 00:23:52,560 --> 00:23:54,720 especially the ones on, I think on Solara, they were flying 463 00:23:54,720 --> 00:23:56,440 right because they were like 1617. 464 00:23:56,440 --> 00:23:58,800 So out. And then Bitcoin puppets and 465 00:23:58,800 --> 00:24:01,000 ordinals also like leading a huge pump here. 466 00:24:01,000 --> 00:24:05,320 Tyler, what's your read here? I got excited when I first woke 467 00:24:05,320 --> 00:24:09,040 up and saw this, and then I I tempered myself a bit and I 468 00:24:09,040 --> 00:24:11,640 think I might know a potential driver here. 469 00:24:12,560 --> 00:24:14,280 But yeah, I'm starting with the numbers. 470 00:24:14,280 --> 00:24:17,280 They look good right first set the stage. 471 00:24:17,360 --> 00:24:21,040 I mean ornals got smashed in in this weekend drawdown. 472 00:24:22,040 --> 00:24:25,400 I I, I kind of just stopped tracking how bad the blood was. 473 00:24:25,400 --> 00:24:30,560 I mean it was probably like -60 to 80% moves in some of these 474 00:24:32,280 --> 00:24:34,000 qualm cats know they're holding up the best. 475 00:24:34,000 --> 00:24:37,800 So a huge rally here you'll have to see it, but still down right 476 00:24:37,800 --> 00:24:40,320 like on the on the month, so quite a bit. 477 00:24:40,320 --> 00:24:44,480 So, you know, some expectations setting here, but but maybe 478 00:24:44,480 --> 00:24:48,360 we'll we saw Udi buy about which which was a notable move. 479 00:24:48,800 --> 00:24:51,200 I know he had been kind of thudding, you know, ruins 480 00:24:51,360 --> 00:24:54,200 mostly, but he kind of stepped in. 481 00:24:54,440 --> 00:24:57,160 And I'm with this week's prices, especially if you looked in like 482 00:24:57,160 --> 00:25:00,000 USD terms, they were pretty damn low. 483 00:25:00,760 --> 00:25:03,160 So if you think these ordinals leaders are going to have any 484 00:25:03,160 --> 00:25:05,520 staying power, probably a decent buying opportunity. 485 00:25:05,520 --> 00:25:09,600 But what what jumped out to me this morning was I was thinking 486 00:25:09,600 --> 00:25:12,840 through what could be driving this could be farmers. 487 00:25:12,840 --> 00:25:16,680 So Magic Eden, they made the, the switch of their foundation 488 00:25:16,680 --> 00:25:21,840 handle to the dollar sign ME central signal that they're 489 00:25:21,840 --> 00:25:23,400 going to be dropping that token soon. 490 00:25:23,400 --> 00:25:27,360 If folks don't remember, traders were rewarded historically with 491 00:25:27,360 --> 00:25:29,840 these diamonds based on historical trading activity. 492 00:25:29,920 --> 00:25:34,160 But you could unlock 2 to 5X the amount of diamonds by trading on 493 00:25:34,160 --> 00:25:36,480 Magic Eden. Trading being buying, you know, 494 00:25:36,600 --> 00:25:39,520 selling all that, all those things. 495 00:25:40,040 --> 00:25:43,280 So like. They removed the they removed 496 00:25:43,280 --> 00:25:47,480 the dollar sign. Oh, OK, well that is so that is 497 00:25:47,480 --> 00:25:49,640 another change. On that side I have the right. 498 00:25:50,200 --> 00:25:52,680 1. Oh no, they got it. 499 00:25:52,720 --> 00:25:54,600 I'm sorry. False alarm. 500 00:25:54,920 --> 00:25:55,680 Sorry. Dollar sign. 501 00:25:55,680 --> 00:25:59,040 Is very alive. The dollar sign stays on. 502 00:26:00,640 --> 00:26:05,160 So it's the setup where post blast you've got farmers kind of 503 00:26:05,160 --> 00:26:07,280 wandering aimlessly. There's been nothing to farm. 504 00:26:07,320 --> 00:26:09,840 Like I think some went over to Hyperliquid, but for the most 505 00:26:09,840 --> 00:26:15,080 part I think they all just took a month off and now we've got 506 00:26:15,200 --> 00:26:18,640 this new magic in AirDrop perhaps around the corner. 507 00:26:19,880 --> 00:26:21,760 There's not a whole lot of the farming opportunities out there. 508 00:26:21,760 --> 00:26:23,680 It's like, let's just go farm this. 509 00:26:23,680 --> 00:26:25,640 And on top of that, you had a massive pull back. 510 00:26:25,640 --> 00:26:28,240 So it feels a little bit of a safer entry. 511 00:26:29,000 --> 00:26:32,120 So I think that could be a part of what's happening here. 512 00:26:32,120 --> 00:26:35,720 Again, I don't have the the data to to back that up, but but bro, 513 00:26:35,720 --> 00:26:40,480 could you go to TXO here? Maybe I'll I'll try to. 514 00:26:40,480 --> 00:26:43,720 Where should I? Go, I just sent you the link. 515 00:26:43,720 --> 00:26:46,680 TXO I I think is one of the better sites showing just like 516 00:26:46,680 --> 00:26:50,040 cross marketplace volumes across all of the different 517 00:26:51,640 --> 00:26:54,840 marketplaces and Magic Eden is number one. 518 00:26:55,040 --> 00:26:58,480 Basically Open C is technically number one on the month if you 519 00:26:58,480 --> 00:27:02,680 go to all chains. All chains, yeah, yeah. 520 00:27:03,160 --> 00:27:06,360 So like open C is number one, but they've got 72% of their 521 00:27:06,360 --> 00:27:08,880 volume from Polygon. I'm pretty sure it's like it's 522 00:27:08,880 --> 00:27:12,280 some some massive Polygon wash trading happy. 523 00:27:12,280 --> 00:27:16,040 I'm not really sure what's driving all that Polygon volume, 524 00:27:16,120 --> 00:27:20,120 but if if you look at the big three of ETH, Bitcoin and Seoul, 525 00:27:20,560 --> 00:27:22,320 it it's magic eating right now. Interesting. 526 00:27:24,200 --> 00:27:25,840 Yeah, I mean, they've been number one for a little bit, 527 00:27:25,840 --> 00:27:26,760 right? They complete took. 528 00:27:26,760 --> 00:27:31,600 I mean man, it's crazy how Blur came and Blur is just not there 529 00:27:31,600 --> 00:27:33,080 anymore in the conversation at all. 530 00:27:34,080 --> 00:27:35,840 Well, like what's Blur's market cap right now? 531 00:27:35,840 --> 00:27:38,160 Just to give us a sense for where this token could come out. 532 00:27:39,480 --> 00:27:44,320 Good call 200. 250 million and 400 million FTV and that's a 533 00:27:44,320 --> 00:27:46,840 big, that's a big potential air drop. 534 00:27:47,360 --> 00:27:50,760 Which one's blur is it? This one 4/23 here. 535 00:27:50,760 --> 00:27:52,240 It says FDV. Yeah. 536 00:27:54,040 --> 00:27:56,480 Is that it? Is this and the 20% of that? 537 00:27:57,240 --> 00:27:59,560 Oh shit. Jesus Christ. 538 00:28:01,120 --> 00:28:02,840 Yeah, Pac-Man has catching some fun. 539 00:28:03,040 --> 00:28:06,640 They they haven't they haven't dropped the the gold allotments 540 00:28:06,640 --> 00:28:08,400 for August yet and they said they're going to do it on a 541 00:28:08,400 --> 00:28:10,000 monthly basis. He said they're going to do it 542 00:28:10,000 --> 00:28:11,320 within the first week of the month. 543 00:28:11,600 --> 00:28:14,720 Today's August 7th. So I guess today is the deadline 544 00:28:14,720 --> 00:28:17,840 day. What is Blast even at right now? 545 00:28:18,960 --> 00:28:21,600 It's low. Oh wow, it's sub bit sub 546 00:28:21,600 --> 00:28:26,280 billion, Amanda, Remember the $20 billion I call it. 547 00:28:26,920 --> 00:28:29,000 What is blast gold at this? I'm just. 548 00:28:29,200 --> 00:28:31,200 Saying, I'm not saying I called it, I'm just saying. 549 00:28:31,640 --> 00:28:34,040 I mean, we did. We were laughing at, I mean, I 550 00:28:34,360 --> 00:28:36,120 think that was even pretty Tyler on the show. 551 00:28:36,120 --> 00:28:40,880 We used to make fun of OSF. Because it was insufferable. 552 00:28:41,480 --> 00:28:45,600 It was like, it was so fucking insufferable to hear the $20 553 00:28:45,600 --> 00:28:48,040 gold predictions. Like I, I used to make fun of 554 00:28:48,040 --> 00:28:49,400 him. And I remember when under a 555 00:28:49,400 --> 00:28:52,920 tweet of yours, Tyler, yours and 9059, I made fun. 556 00:28:52,920 --> 00:28:54,720 I said it's going to open at $0.35. 557 00:28:55,800 --> 00:29:00,800 And I think it opened at $0.35. But I'm just saying like, that's 558 00:29:00,800 --> 00:29:02,400 so crazy. Yeah, I still cooked like a 559 00:29:02,400 --> 00:29:04,840 $10,000 air drop. So I I ain't mad. 560 00:29:04,840 --> 00:29:09,880 Thank you for this Demi, But imagine all the people that 561 00:29:09,880 --> 00:29:13,520 actually sent money locked up for six months plus they didn't 562 00:29:13,520 --> 00:29:16,720 get the money. Like I don't think people like 563 00:29:17,800 --> 00:29:21,000 the whales got anything close to what they could have gone for 564 00:29:21,000 --> 00:29:24,600 just holding Solano. Well, if you look at it that 565 00:29:24,600 --> 00:29:26,680 way, probably not. But like if you look for the 566 00:29:26,680 --> 00:29:29,840 folks who were just staking eat, it was still just free money on 567 00:29:29,840 --> 00:29:31,360 top, right. And I haven't done like all 568 00:29:31,560 --> 00:29:34,520 comparison analysis. They're the ones who got OK 569 00:29:34,520 --> 00:29:37,680 anyone who lost ETH doing the napkin back in the napkin 570 00:29:37,680 --> 00:29:40,800 calculations on black gold, Those are the ones who got hit 571 00:29:40,800 --> 00:29:42,320 the hardest. I think. 572 00:29:42,520 --> 00:29:45,640 So the token's at point OO 9, so I think that means it black gold 573 00:29:45,640 --> 00:29:51,640 bars were worth like $0.80. That's quite a bit below where 574 00:29:51,640 --> 00:29:56,320 we thought. Wow, that's crazy bro. 575 00:29:56,640 --> 00:30:00,360 That that I mean the whole build up to it as well was just so 576 00:30:00,360 --> 00:30:03,640 insane. I mean, that makes you think of 577 00:30:03,640 --> 00:30:08,320 like, you know, the next big narrative on the chain side is, 578 00:30:08,400 --> 00:30:11,000 is, is is abstract, right? So I wonder how they're going to 579 00:30:11,000 --> 00:30:14,400 play differently than Blast on that front. 580 00:30:14,520 --> 00:30:16,800 Speaking of chains, what's this Ubisoft news? 581 00:30:16,800 --> 00:30:19,920 I actually did not catch up on that Ubisoft space over here in 582 00:30:19,920 --> 00:30:22,720 Montreal. What's the what was that news 583 00:30:22,720 --> 00:30:25,560 with Arbitra? Yeah, I think I saw this on 584 00:30:25,680 --> 00:30:29,680 decrypt, so it may take it may be worth pulling up that 585 00:30:29,680 --> 00:30:31,000 article, yes. Sir. 586 00:30:31,880 --> 00:30:33,960 I, I mostly just grabbed the headlines, so I'll, I'll have to 587 00:30:33,960 --> 00:30:36,600 work to, to look into this more myself. 588 00:30:37,080 --> 00:30:41,120 But I saw crypto game on Arbitrome and that peaked my 589 00:30:41,120 --> 00:30:42,720 attention. And they're working with this 590 00:30:42,720 --> 00:30:46,520 captain laser hawk team, which I understand is a, is, is a pretty 591 00:30:46,520 --> 00:30:48,880 big team. Ubisoft, you know a huge name. 592 00:30:52,120 --> 00:30:55,240 There it is. Yeah, so let's see what we got 593 00:30:55,320 --> 00:30:56,840 here. Let's see what we got. 594 00:30:56,840 --> 00:31:00,240 So Ubisoft reveals Captain laser Hawk game on theorem layer two 595 00:31:00,240 --> 00:31:02,120 Arbitrum. Based on the Netflix animated 596 00:31:02,120 --> 00:31:06,920 series Captain Laser Hawk, the game will feature Assassin's 597 00:31:06,920 --> 00:31:08,520 Creed and Rayman. Rayman. 598 00:31:08,920 --> 00:31:10,600 Dude do you guys play Rayman and his kids? 599 00:31:10,960 --> 00:31:16,960 I played the Rayman was so fun bro. 600 00:31:17,280 --> 00:31:19,960 No way they're bringing Rayman character back. 601 00:31:19,960 --> 00:31:22,600 That is sick bro. I don't know, Rayman. 602 00:31:23,960 --> 00:31:26,720 No, I is it more of a euro? Is it more of a euro thing? 603 00:31:26,720 --> 00:31:30,040 Maybe I don't know. Hey, Chad, people in the 604 00:31:30,040 --> 00:31:34,920 audience, you guys play Rayman in the growing up I that's. 605 00:31:36,640 --> 00:31:39,160 Broke and I also grew up about a decade apart so there's a chance 606 00:31:39,160 --> 00:31:40,720 that there was like, are you age gap? 607 00:31:41,160 --> 00:31:42,960 How old are you? I'm 39. 608 00:31:43,600 --> 00:31:48,880 Yeah, you could be my dad. They go fucking steady here with 609 00:31:48,880 --> 00:31:54,400 the fuck all right? Just Rayman is a legit game, all 610 00:31:54,400 --> 00:31:55,480 right? What have anything better said 611 00:31:55,520 --> 00:32:01,840 about? That's funny. 612 00:32:02,000 --> 00:32:03,560 I guess I'm sure they would have added. 613 00:32:04,120 --> 00:32:06,120 I mean, I'm sure we're going to cover this on next Monday's 614 00:32:06,120 --> 00:32:13,640 like, you know, round up. So let's go through quickly 615 00:32:13,640 --> 00:32:16,400 though, Assassin's Creed and Just Dance publisher Ubisoft 616 00:32:16,400 --> 00:32:18,560 will make its next big step into the crypto gaming world. 617 00:32:18,560 --> 00:32:21,200 Ethereum layer Two's killing Arbitrum as a company announced 618 00:32:21,200 --> 00:32:23,440 Tuesday that is working with captain of the game. 619 00:32:24,520 --> 00:32:26,440 That's this. This is very interesting. 620 00:32:26,560 --> 00:32:30,440 Wow, love to see that. So that apparently they've shown 621 00:32:30,440 --> 00:32:33,920 the crypt riders a teaser trailer that I didn't get to see 622 00:32:33,920 --> 00:32:36,600 it. Teaser trailer viewed by the 623 00:32:36,600 --> 00:32:39,480 there's like a pretty big separation between our riders 624 00:32:39,480 --> 00:32:41,720 and us. So damn, I guess our riders saw 625 00:32:41,720 --> 00:32:43,320 the fucking trailer. This is sick. 626 00:32:43,320 --> 00:32:46,440 Well, I'm assuming we'll talk about it on Monday, but that is 627 00:32:46,440 --> 00:32:47,920 exciting. I mean, I love for. 628 00:32:48,360 --> 00:32:51,600 Sure, Arbitrum, they're cooking. They're cooking, bro. 629 00:32:51,600 --> 00:32:54,440 Arbitrum stays cooking. I saw Vitalik yesterday, I think 630 00:32:54,440 --> 00:32:58,280 gave Arbitrum some praise as well, which which was Arbitrum 631 00:32:58,280 --> 00:33:02,680 and optimism, of course, because they're, they're both seemingly 632 00:33:02,960 --> 00:33:06,840 doing pretty well. Tyler, what else you got for us? 633 00:33:06,840 --> 00:33:08,960 I know, I know you had a tweet. Did you want to bring a, you 634 00:33:09,320 --> 00:33:11,200 wanted to do a little segment here on this tweet? 635 00:33:11,200 --> 00:33:12,880 I think we're going to start doing this a little more. 636 00:33:13,640 --> 00:33:16,800 Yeah, a little agree disagree if we if you go to the Eric, Eric 637 00:33:16,800 --> 00:33:20,680 dot ETH or we got the the link up early in the I got. 638 00:33:20,800 --> 00:33:23,080 I got I got the link all right, Tyler. 639 00:33:23,160 --> 00:33:25,440 Tyler has this agree disagree tweet here. 640 00:33:25,840 --> 00:33:29,920 Let's talk about it. Yeah, so he tweeted this out 641 00:33:29,920 --> 00:33:31,640 yesterday. I'll I'll just read it out Japan 642 00:33:31,640 --> 00:33:34,600 walking back hike stocks barely down panic subsiding crypto 643 00:33:34,600 --> 00:33:38,840 still down 20% this week. Why IMIIMHO narratives are weak 644 00:33:39,040 --> 00:33:42,920 constant value extraction, 24 hour rugs, gas lighting, no 645 00:33:42,920 --> 00:33:45,920 chance that leads to a true bull market. 646 00:33:47,600 --> 00:33:50,560 So, you know, a couple points he, he's making here. 647 00:33:50,560 --> 00:33:54,880 One, it's, it's lagging stocks. And then two, the, the bigger 648 00:33:54,880 --> 00:34:00,200 point, he's saying that he doesn't think that this summer I 649 00:34:00,200 --> 00:34:03,880 will lead to a, a bull market. I think a lot of folks look back 650 00:34:03,880 --> 00:34:09,480 at 2021 cycle and say it was D5 summer that really drove the NFT 651 00:34:09,480 --> 00:34:13,120 boom, which which led to the to the blow off top. 652 00:34:13,239 --> 00:34:16,480 And I think that's, you know, perhaps a narrative looking 653 00:34:16,480 --> 00:34:18,600 back. So this would be a good agree 654 00:34:18,600 --> 00:34:21,840 or, or disagree. I I'm I'm on the disagree side 655 00:34:21,880 --> 00:34:24,520 so I can just start. Go ahead, tell us. 656 00:34:24,800 --> 00:34:26,159 Tell us how you really feel, Tyler I. 657 00:34:26,880 --> 00:34:30,000 Mean, I think meme coins are like the the narrative perhaps 658 00:34:30,000 --> 00:34:34,360 for CT this cycle, but I still think the narrative right now is 659 00:34:34,360 --> 00:34:36,880 the is ETFs and institutional buying. 660 00:34:37,520 --> 00:34:40,760 And I think that gives the the security and signal for folks 661 00:34:40,760 --> 00:34:44,239 who have been on this, who have been on the sidelines, who are 662 00:34:44,239 --> 00:34:46,719 looking to diversify or looking to get into crypto for the first 663 00:34:46,719 --> 00:34:49,040 time. And I think the crypto majors 664 00:34:49,040 --> 00:34:50,360 are more legitimate than they've ever been. 665 00:34:51,320 --> 00:34:55,280 And I think that is enough to drive a bull market to me. 666 00:34:55,520 --> 00:34:57,880 So that that's my, that's my broad stance. 667 00:34:58,360 --> 00:35:00,400 I like that. I like that you say that as the 668 00:35:00,400 --> 00:35:04,920 markets are turbo dumping. Damn it, damn it. 669 00:35:04,920 --> 00:35:06,760 We we got excited too fast again. 670 00:35:06,920 --> 00:35:08,920 We're back to 140 did. You convert or no? 671 00:35:09,240 --> 00:35:10,840 When I told you, of course you didn't. 672 00:35:11,040 --> 00:35:14,600 Of course you didn't. Literally. 673 00:35:14,600 --> 00:35:19,400 Of course you didn't. It was, dude, I, I want to hear 674 00:35:19,400 --> 00:35:21,160 it. Like bro, I've been, I, I wake 675 00:35:21,160 --> 00:35:23,640 up like 6:30 in the morning to set up for meetings at 7:30. 676 00:35:23,640 --> 00:35:27,920 Bro that I fucking, I've already had like half a day today, bro, 677 00:35:28,280 --> 00:35:30,800 it's like 10:00 AM. God damn it. 678 00:35:31,000 --> 00:35:33,560 I, I got your fork at 1:53. What do you want me to say? 679 00:35:34,240 --> 00:35:36,160 You know, I thought we were going to make another run of 680 00:35:36,160 --> 00:35:38,920 190. I mean, we're all excited. 681 00:35:38,960 --> 00:35:41,160 Listen, do you agree or disagree with this take man though? 682 00:35:42,560 --> 00:35:46,280 I think, you know, Eric's been around. 683 00:35:46,440 --> 00:35:50,920 I do think that this is a fair take as in that I don't think 684 00:35:50,920 --> 00:35:54,040 that the narratives for crypto are a stronger cycle just 685 00:35:54,040 --> 00:35:56,400 because adoption has not been a stronger cycle. 686 00:35:56,760 --> 00:36:00,000 I think you've got the ETFs, but like the last cycles has always 687 00:36:00,000 --> 00:36:01,720 been like more people entering crypto. 688 00:36:01,720 --> 00:36:04,080 And I think this is one of the few times where you speak to 689 00:36:04,080 --> 00:36:06,280 normies and they're like, why are you in crypto? 690 00:36:07,000 --> 00:36:09,400 Like why are you in crypto? Like you should be in tech 691 00:36:09,400 --> 00:36:12,320 stocks, you should be in AI, you should be in these other trends. 692 00:36:12,320 --> 00:36:14,800 So I think it's been it's something to wrestle with. 693 00:36:14,800 --> 00:36:18,840 And it's something that even on this dip, I was like I said to 694 00:36:18,840 --> 00:36:20,320 myself, like, what's going to bounce the most? 695 00:36:20,640 --> 00:36:24,600 If I'm honest, I think this is going to be what I said at the 696 00:36:24,600 --> 00:36:27,360 start of the show, which is I think for the next little period 697 00:36:27,360 --> 00:36:29,120 here, we're going to see tech stocks under perform crypto. 698 00:36:31,560 --> 00:36:37,080 So that that's that's my guess. And I don't think this is really 699 00:36:37,080 --> 00:36:39,520 that true. Like stocks barely down. 700 00:36:39,520 --> 00:36:44,760 The NASDAQ is down still 10 to 15% from it's all time high, 701 00:36:45,080 --> 00:36:46,640 right? Let me just calculate that. 702 00:36:46,640 --> 00:36:53,120 But it's down a lot. So the NASDAQ now, So I, I, 703 00:36:53,840 --> 00:36:55,680 that's the bet I didn't really agree with. 704 00:36:55,800 --> 00:36:58,040 I do think he's making some bad points, which is. 705 00:36:58,040 --> 00:37:02,640 So the NASDAQ topped out, yeah, at 2020.5 and now it's 18.5. 706 00:37:02,640 --> 00:37:07,120 So it's down 10%. So crypto being down 20, you 707 00:37:07,120 --> 00:37:11,800 know, yeah, maybe. But yeah, my guess here is that 708 00:37:11,800 --> 00:37:14,440 crypto actually outperforms the next leg because I think that 709 00:37:14,960 --> 00:37:18,960 this yen carry traders still could still be unwound pretty 710 00:37:18,960 --> 00:37:22,800 aggressively. And I, I, I don't think it's 711 00:37:22,800 --> 00:37:24,720 going to affect crypto as much as it effects other things. 712 00:37:27,440 --> 00:37:32,640 OK, I Gee, I don't, I I just, I don't know. 713 00:37:32,640 --> 00:37:34,720 That's the same guy that said that Ethereum wasn't doing good 714 00:37:34,720 --> 00:37:37,040 because people were spending too much time on Forecaster. 715 00:37:39,680 --> 00:37:41,120 Yeah. Yeah, he's got a lot of hot 716 00:37:41,120 --> 00:37:43,920 tigs. He's got a lot of hot tigs also 717 00:37:43,920 --> 00:37:47,240 the one guy that's like on the extremist side with with 718 00:37:47,240 --> 00:37:48,920 Ethereum. I, I mean, I love Ethereum, 719 00:37:48,920 --> 00:37:52,000 don't get me wrong, but it's just like he's usually on the on 720 00:37:52,000 --> 00:37:54,360 the far. You know, they in the media, 721 00:37:54,360 --> 00:37:56,560 they like to call it far left to far right, but. 722 00:37:57,280 --> 00:38:02,640 RE. RERE you know, so I, I I I don't 723 00:38:02,640 --> 00:38:05,120 really have a a a strong opinion on that. 724 00:38:05,120 --> 00:38:09,400 I mean the gas lighting in a 24 hour rugs have existed on on in 725 00:38:09,400 --> 00:38:13,040 cryptos inception though. I just think that's, again, 726 00:38:13,040 --> 00:38:15,840 that's ACT thing. I mean CT like people. 727 00:38:15,840 --> 00:38:19,600 Walking around outside who had their day jobs and are are 728 00:38:19,600 --> 00:38:21,560 hearing about crypto on the news. 729 00:38:21,800 --> 00:38:22,880 Like does he? Was he not? 730 00:38:23,000 --> 00:38:26,840 I mean, he was this guy was like this guy probably minted ETH, 731 00:38:26,840 --> 00:38:27,720 right? Was he not? 732 00:38:27,840 --> 00:38:32,400 Did he not see what Icos did? Like Icos was constant value 733 00:38:32,400 --> 00:38:35,440 extraction, 25 rugs and the gas lighting on CTI. 734 00:38:35,440 --> 00:38:36,440 Mean that's a social media thing. 735 00:38:36,440 --> 00:38:38,280 That's a society thing. Like gas lighting exists in 736 00:38:38,280 --> 00:38:40,560 society everywhere, like such ACT thing. 737 00:38:40,560 --> 00:38:43,040 So I don't know. I mean, of course, like the 738 00:38:43,040 --> 00:38:46,400 current narrative may not lead the bull market, but I don't, I 739 00:38:46,400 --> 00:38:49,880 don't think just because there's value extraction, rugs and gas 740 00:38:49,880 --> 00:38:52,360 lighting on the timeline that like we're not going to get a 741 00:38:52,360 --> 00:38:54,640 bull market. If anything, we're going to get 742 00:38:54,640 --> 00:38:56,680 this bull market. But I'm starting to agree more 743 00:38:56,680 --> 00:38:58,400 and more with what Kobe said the other day, Which? 744 00:38:59,000 --> 00:39:01,480 Was. Which was that we're actually 745 00:39:01,480 --> 00:39:05,440 going to see this, that the bull market in 2025 and that this 746 00:39:05,440 --> 00:39:09,400 year resembles 2019 more than than it does anything else. 747 00:39:09,400 --> 00:39:13,400 So the thesis was that in 2019, Bitcoin went up 34X. 748 00:39:13,760 --> 00:39:16,080 It's like Bitcoin did now, but other coins didn't follow. 749 00:39:16,080 --> 00:39:18,720 So it wasn't really a cycle. It's funny because in in 750 00:39:18,720 --> 00:39:21,480 November 2023, it's something Chris Burnski talked about 751 00:39:21,480 --> 00:39:23,680 saying that 2024 is going to assemble 19. 752 00:39:23,880 --> 00:39:26,400 And he dug it up. And I was reading about that. 753 00:39:26,800 --> 00:39:29,560 And the 2025 is that. And I speak to a few people and 754 00:39:29,840 --> 00:39:31,720 I don't know, like Danny keeps telling me like, yeah, just 755 00:39:31,720 --> 00:39:33,440 chill. Like 25 is the year, 25 is the 756 00:39:33,440 --> 00:39:34,440 year. And he's not the only person 757 00:39:34,440 --> 00:39:35,720 telling me that. Like people that have been 758 00:39:35,720 --> 00:39:38,400 around like talking about 2025 S. 759 00:39:38,640 --> 00:39:41,320 It's a dangerous narrative. It is a dangerous narrative, but 760 00:39:41,320 --> 00:39:45,520 like, why? Like cycles exist for reason. 761 00:39:45,520 --> 00:39:49,680 I don't know, like I believe in cycles, so I'll give it a shot. 762 00:39:49,680 --> 00:39:53,480 But it also fits my bias. So I'm just being honest. 763 00:39:53,520 --> 00:39:57,320 I mean the bias, my bias that, you know, coins will. 764 00:39:57,360 --> 00:39:59,400 Wait till next year. Exactly. 765 00:40:00,320 --> 00:40:03,040 Yeah. Look, I think for to see a big 766 00:40:03,040 --> 00:40:06,880 increase in adoption, we'll probably have to see new 767 00:40:06,880 --> 00:40:10,000 regulation in my opinion. So I think, like I said, I can 768 00:40:10,000 --> 00:40:13,240 get really bullish on crypto if we see a Trump presidency. 769 00:40:13,520 --> 00:40:15,800 I you, you're starting to sound like a bear to me. 770 00:40:16,120 --> 00:40:17,440 What's going on? Is it? 771 00:40:18,000 --> 00:40:19,480 I might. I mean, I'm not sounding like a 772 00:40:19,480 --> 00:40:20,720 bear, I'm just telling you how it is. 773 00:40:21,760 --> 00:40:23,760 You, I think. I think the most bullish thing 774 00:40:23,760 --> 00:40:26,960 for crypto right now is that is the narrative that we get 775 00:40:28,280 --> 00:40:29,600 adoption. No. 776 00:40:30,280 --> 00:40:32,480 Rather than just meme coins if you're going to go really broad. 777 00:40:32,480 --> 00:40:36,520 And that, for me, requires firms to be able to be able to like, 778 00:40:36,520 --> 00:40:39,640 experiment with it. More ETFs have been allowed, but 779 00:40:39,640 --> 00:40:42,520 we haven't got widespread adoption yet. 780 00:40:42,960 --> 00:40:44,840 But like what? What's widespread adoption? 781 00:40:44,840 --> 00:40:48,600 So last cycle was NFTS. NFTS was a great merit. 782 00:40:49,320 --> 00:40:52,000 If I'm honest, for me, widespread adoption is actually 783 00:40:52,000 --> 00:40:55,520 the RWA narrative. The idea of trading assets on 784 00:40:55,520 --> 00:40:59,040 chain, OK, that's what a blockchain for me is best built 785 00:40:59,040 --> 00:41:00,640 for. We can all speculate and stuff, 786 00:41:00,640 --> 00:41:03,440 but that's where I think it's the strongest one and that's the 787 00:41:03,440 --> 00:41:07,840 one that also legitimizes it in a very, very strong way as well. 788 00:41:07,840 --> 00:41:11,680 So I think that would you'd see insane volumes start going 789 00:41:11,680 --> 00:41:15,760 through defy through stable coin transfers. 790 00:41:16,800 --> 00:41:19,920 And I think that would be that would be when I get like, OK, 791 00:41:19,960 --> 00:41:22,760 this is this is now being grained in the global financial 792 00:41:22,760 --> 00:41:24,640 system. This is going to be big. 793 00:41:25,800 --> 00:41:29,320 I'd agree with that. That feels like 2026 maybe. 794 00:41:29,360 --> 00:41:30,880 Yeah, of course. Of course it does. 795 00:41:31,080 --> 00:41:34,440 I think even if Trump gets in, you're talking about, you know, 796 00:41:34,480 --> 00:41:36,800 two years probably before that comes up. 797 00:41:36,800 --> 00:41:39,200 But I think it will get, you can get very bullish about that as a 798 00:41:40,120 --> 00:41:43,200 as a thesis. I'd say if he gets in every day 799 00:41:43,200 --> 00:41:47,160 I look at this stuff and I think his chances are sliding down his 800 00:41:47,160 --> 00:41:52,120 fingers. I, I, I, I don't even like 801 00:41:52,120 --> 00:41:53,920 either much to be honest. So I don't care. 802 00:41:53,920 --> 00:41:55,320 I'm, I'm just a cousin of the north. 803 00:41:55,320 --> 00:41:58,800 But every day I wake up and I maybe it's the content I'm being 804 00:41:58,800 --> 00:42:01,840 fed by the algorithm machine, but every day I wake up and I 805 00:42:01,840 --> 00:42:05,440 feel like he's losing it. So we need a we need a turn 806 00:42:05,440 --> 00:42:06,560 around. Maybe he needs to launch a shit 807 00:42:06,560 --> 00:42:09,480 coin that goes like 10 billion, make a lot of people rich. 808 00:42:09,800 --> 00:42:11,720 I don't know. We'll see what this new thing is 809 00:42:11,720 --> 00:42:14,000 with his kids, but. Trying. 810 00:42:15,320 --> 00:42:18,160 Yeah, he's definitely trying. Look, I love the Federal Reserve 811 00:42:18,160 --> 00:42:20,440 narrative and everything that's being, that's being pushed. 812 00:42:20,880 --> 00:42:24,160 Just you know, I don't know. I don't know. 813 00:42:24,200 --> 00:42:26,080 I see. I see what's going to happen. 814 00:42:26,080 --> 00:42:28,400 Look at that. You have fully converted OV to 815 00:42:28,400 --> 00:42:30,000 JLP. You just tweeted about it. 816 00:42:30,000 --> 00:42:31,680 Mando, you. Oh my God. 817 00:42:32,160 --> 00:42:33,280 Look at that. Look at that. 818 00:42:33,280 --> 00:42:36,040 Let's go read this latest tweet. I've There you go. 819 00:42:36,200 --> 00:42:38,560 Here you go. So so now we follow it because 820 00:42:38,840 --> 00:42:40,800 OSF done it. Yeah, so now I'm going to 821 00:42:40,800 --> 00:42:42,440 follow. Now I'm going to do it just 822 00:42:42,440 --> 00:42:45,320 because OV tweeted it. Yeah, not because you've been 823 00:42:45,320 --> 00:42:47,920 screaming about it for six months, right? 824 00:42:48,960 --> 00:42:51,080 I'm kidding, It would be defensive. 825 00:42:51,080 --> 00:42:52,520 You don't worry Mando, it would be good. 826 00:42:52,640 --> 00:42:55,160 So as I become a bit more defensive, I decided to convert 827 00:42:55,160 --> 00:42:57,840 most of my soul to GLP. Yeah. 828 00:42:58,440 --> 00:43:01,600 One liner, there you go and it puts the screws. 829 00:43:02,440 --> 00:43:05,240 That's it. I love that. 830 00:43:05,240 --> 00:43:09,120 I love the OV thesis. Here's a one liner, here's a 831 00:43:09,120 --> 00:43:11,280 fucking thing. Figure it out, you know, figure 832 00:43:11,280 --> 00:43:12,680 it out. I saw Easy also tweeted, but I 833 00:43:12,680 --> 00:43:16,720 mean, you've been on this GLP way for a minute so it looks 834 00:43:16,720 --> 00:43:19,680 like it's worked out pretty well for you, no? 835 00:43:19,720 --> 00:43:22,240 It's it's 106 percent APY at the moment. 836 00:43:23,320 --> 00:43:26,200 It's it's it's if you 4.2 billion went through hyper 837 00:43:26,200 --> 00:43:29,720 liquid, right Jupiter is is the the pub decks on Solana. 838 00:43:29,720 --> 00:43:32,440 So. So for the people who are not 839 00:43:32,440 --> 00:43:36,520 familiar with this, like to buy JLP, you simply just buy it on 840 00:43:36,520 --> 00:43:38,400 decks like you just yeah, you can. 841 00:43:38,640 --> 00:43:39,920 Go, I mean share your screen right now. 842 00:43:39,920 --> 00:43:41,600 You can literally just. Actually. 843 00:43:42,080 --> 00:43:46,920 Type in $1,000,000 USDC. So I go here. 844 00:43:47,320 --> 00:43:50,640 Yeah. There you go, $1,000,000. 845 00:43:53,240 --> 00:43:57,520 There's barely any slippage. Slippage at .5 points. 846 00:43:57,960 --> 00:44:01,040 Yeah. So it's like super liquid. 847 00:44:01,040 --> 00:44:02,320 It's like their, it's their own protocol. 848 00:44:02,320 --> 00:44:04,840 So yeah, you can get in and out of. 849 00:44:04,840 --> 00:44:06,960 It price impacts .6% on a million. 850 00:44:08,800 --> 00:44:12,480 And what is it again? So it's an index of solely 851 00:44:12,600 --> 00:44:15,840 Bitcoin and you also. It's an index, it's it's their 852 00:44:15,840 --> 00:44:19,160 perp product. So for them, if you need to go 853 00:44:19,160 --> 00:44:21,080 trade these perp products, you need to have the liquidity 854 00:44:21,080 --> 00:44:23,160 behind it. So you are the liquidity 855 00:44:23,160 --> 00:44:27,920 provider to the perp protocol. So your assets are then used to 856 00:44:27,920 --> 00:44:29,480 allow other people to trade perps. 857 00:44:30,440 --> 00:44:33,840 So 5/10/10 X leverage on Solana E Bitcoin. 858 00:44:33,880 --> 00:44:36,480 That's the only things that that Jupiter does. 859 00:44:36,960 --> 00:44:38,680 Similarly, lots of the other ones do. 860 00:44:38,680 --> 00:44:42,440 So hyper Liquid, you can get into HLP, which is the hyper 861 00:44:42,440 --> 00:44:48,240 liquid version of this for GMX, you can get to GLP, but this is 862 00:44:48,240 --> 00:44:53,040 how you're out to trade Dexes, perps on Dexes. 863 00:44:53,040 --> 00:44:56,960 You use other people's liquidity that you can basically provide 864 00:44:57,240 --> 00:45:01,920 liquidity to these exact perps. And generally perp trading is is 865 00:45:02,400 --> 00:45:05,720 kind of a profitable endeavour for the protocols. 866 00:45:06,840 --> 00:45:08,920 So so. You're playing house, kind of. 867 00:45:09,520 --> 00:45:11,560 You're playing house. Yeah, yeah, you have. 868 00:45:11,600 --> 00:45:16,600 You have the equivalent of exposure of 6065% because you if 869 00:45:16,600 --> 00:45:24,920 you go down TBL, it's made-up of 48% Solana right now, 8% EF, 9% 870 00:45:24,920 --> 00:45:28,960 Bitcoin and the rest of them is. Is stable, yeah. 871 00:45:29,960 --> 00:45:33,160 So it's about 35% stables and about 65%. 872 00:45:35,640 --> 00:45:39,400 And if you go into just type in, just type in the Google JLP 873 00:45:39,400 --> 00:45:44,960 fees, JLP fees, there's a June dashboard about it. 874 00:45:45,280 --> 00:45:48,560 No, I go back. I got it. 875 00:45:48,560 --> 00:45:49,480 I got it. Yeah. 876 00:45:51,680 --> 00:45:55,760 So it if you go down just to that, that chart, you see all 877 00:45:55,760 --> 00:45:58,760 the fees it makes which one volatile days. 878 00:45:59,000 --> 00:46:02,280 So recently it's been like it had its highest fee day ever on 879 00:46:02,280 --> 00:46:03,680 Monday. Interesting. 880 00:46:05,720 --> 00:46:08,400 Made I think the protocol made two and a half, $1,000,000 in a 881 00:46:08,400 --> 00:46:10,840 day. So what's what's the risk to 882 00:46:10,840 --> 00:46:12,120 JLP? The risk is. 883 00:46:12,120 --> 00:46:15,440 I was going to ask. So Bitcoin eats go down, JLP 884 00:46:15,440 --> 00:46:18,080 goes down. Well, it does, but generally 885 00:46:18,080 --> 00:46:21,560 doesn't go down as much because it's 35% staples, obviously so 886 00:46:21,880 --> 00:46:24,920 but then secondly, on the days where crypto Germany goes down 887 00:46:25,160 --> 00:46:28,960 is the trip always the days where these protocols make the 888 00:46:28,960 --> 00:46:31,080 most and often we see the most volume. 889 00:46:31,600 --> 00:46:36,400 So it has This is why the chart basically doesn't have huge dips 890 00:46:36,400 --> 00:46:38,880 at any one time because on those down days for the market, it 891 00:46:38,880 --> 00:46:42,200 doesn't really get as bad. So the main risks are D5 risk, 892 00:46:42,280 --> 00:46:45,800 you know, like if somebody was to come in and access the pool 893 00:46:45,800 --> 00:46:47,840 in some way, that would be that'd be worrying. 894 00:46:49,120 --> 00:46:52,360 And then the second, you know, this is quite a common product 895 00:46:52,360 --> 00:46:54,640 now in crypto. And then the second thing would 896 00:46:54,640 --> 00:47:00,200 be would be if you have really profitable traders, because you 897 00:47:00,240 --> 00:47:02,440 actually make the net PNL of the traders as well. 898 00:47:02,440 --> 00:47:05,080 So on top of the fees, it's also the net PNL. 899 00:47:05,080 --> 00:47:09,400 So if someone trader was to, which is actually quite 900 00:47:09,400 --> 00:47:11,480 difficult to do given the limits, but if one trader was to 901 00:47:11,480 --> 00:47:16,800 like make unbelievable amounts, and sometimes there have there 902 00:47:16,800 --> 00:47:19,720 have been instances in the past with GMX where a trader managed 903 00:47:19,720 --> 00:47:22,080 to like gain the system, but then he had to like give the 904 00:47:22,080 --> 00:47:23,280 money back. It was kind of weird. 905 00:47:23,280 --> 00:47:27,120 I think it was also the same with DDYDX like these pup pup 906 00:47:27,360 --> 00:47:30,680 people like they come after you if you game their their 907 00:47:30,680 --> 00:47:32,360 protocols. I think the DYDX have was like 908 00:47:32,440 --> 00:47:34,200 reported and he gave it all back. 909 00:47:34,560 --> 00:47:37,320 But if if there's like a pretty profitable trade on these pub 910 00:47:37,320 --> 00:47:38,960 dexes, that would be the other reason. 911 00:47:40,040 --> 00:47:43,520 Interesting. And and you that yield just goes 912 00:47:43,520 --> 00:47:45,440 into the pool. So the fees just go into the 913 00:47:45,440 --> 00:47:47,520 pool. So you don't, it's actually all 914 00:47:47,520 --> 00:47:49,720 capital gains. It's not income tax, if that's 915 00:47:49,720 --> 00:47:51,240 important for you from a tax perspective. 916 00:47:51,840 --> 00:47:55,040 Yeah, it's 66% here in Canada. Right. 917 00:47:55,240 --> 00:47:57,640 So like again, if you go to Point Gecko and you bring up 918 00:47:57,840 --> 00:48:04,800 JLP, it, it looks it just goes up because of because the yield 919 00:48:04,800 --> 00:48:07,080 just gets compounded. OK. 920 00:48:07,320 --> 00:48:09,680 Well, that's interesting. Well, maybe we'll look into that 921 00:48:09,680 --> 00:48:14,360 during these volatile but. I've said this every day for 922 00:48:14,360 --> 00:48:18,040 about four months and the OSF fucking decides he's going to 923 00:48:18,040 --> 00:48:21,360 buy it. I'm not going to tell OSF and 924 00:48:21,360 --> 00:48:23,080 give him credit for the GLP trade. 925 00:48:23,240 --> 00:48:26,000 I'm not going to. Hold on, hold on, OSF on the 926 00:48:26,000 --> 00:48:28,040 trade guys, I'll. Be honest, I didn't really know 927 00:48:28,040 --> 00:48:29,760 fully what it was until this conversation. 928 00:48:29,760 --> 00:48:32,240 The thing is, I like Solana so much. 929 00:48:32,760 --> 00:48:35,200 Like. Well, you have actually this is 930 00:48:35,200 --> 00:48:39,360 equivalent of owning 50% Solana 10%. 200 next week. 931 00:48:40,640 --> 00:48:43,040 So on parabolic moves, it obviously underperforms, 932 00:48:43,160 --> 00:48:45,720 particularly just soul moves. So soul moves and Bitcoin and 933 00:48:45,720 --> 00:48:48,240 ETH move. But like look at it this year, 934 00:48:49,200 --> 00:48:53,160 look how much JLP is up. I think I can work it out. 935 00:48:53,160 --> 00:48:56,960 So it's 3.15 / 1.77. I think it's out of the year. 936 00:48:57,200 --> 00:49:04,280 It's up 77% so far this year. And I think Solana's up 48% this 937 00:49:04,280 --> 00:49:09,120 year. So even though it's only 45% Sol 938 00:49:09,200 --> 00:49:12,320 and Sol has out formed everything this year, JLP is up 939 00:49:12,320 --> 00:49:18,160 77% versus Solana up 45%. Because that yield is so like it 940 00:49:18,160 --> 00:49:21,120 doesn't seem that much on a, on a, you know, on a weekly basis 941 00:49:21,120 --> 00:49:25,000 or if Solana gaps higher, yeah, like you get a bit of FOMO. 942 00:49:25,160 --> 00:49:27,480 But at the same time, like when this shit starts compounding, 943 00:49:27,480 --> 00:49:31,840 it's it's it's a big deal. OK. 944 00:49:32,400 --> 00:49:34,240 That's interesting. Love to see that. 945 00:49:35,680 --> 00:49:38,200 We'll definitely have a look now that my favorite trader OSF. 946 00:49:38,200 --> 00:49:45,040 No fucking hell. You're liking the Arizona Ice TA 947 00:49:45,040 --> 00:49:46,880 lately? You've been on it, doodles. 948 00:49:48,000 --> 00:49:50,480 Yeah, it's Doodles. Ever since Doodles came up with 949 00:49:51,360 --> 00:49:54,200 came up with the Arizona IC collaboration, Mendo's been on 950 00:49:54,200 --> 00:49:54,960 it. All right, well, look, we've 951 00:49:54,960 --> 00:49:56,200 gone around the globe pretty well. 952 00:49:56,200 --> 00:49:59,320 Just one last thing, do want to give a shout out to, to our to 953 00:49:59,320 --> 00:50:01,760 our partners here over at Robit. I saw their numbers this 954 00:50:01,760 --> 00:50:04,040 morning. I thought that was that was 955 00:50:04,040 --> 00:50:05,920 interesting here we're talking to Razor. 956 00:50:05,920 --> 00:50:08,840 He sent us this. It's just some crazy stats, 957 00:50:08,840 --> 00:50:10,880 dude. So they've officially burned 958 00:50:10,880 --> 00:50:14,160 what, over 50% of the supply now, right? 959 00:50:14,640 --> 00:50:20,240 It's pretty insane to think $373 million of revenue in a casino, 960 00:50:20,920 --> 00:50:24,560 90 mil in trading. That's, that's for the first 961 00:50:24,560 --> 00:50:26,920 year of because one year ago they, they, they launched a 962 00:50:26,920 --> 00:50:29,760 dashboard, right? They basically made nearly $600 963 00:50:29,760 --> 00:50:33,080 million in a year. I don't think people realize. 964 00:50:33,320 --> 00:50:35,000 Here, that's the live dashboard of. 965 00:50:35,360 --> 00:50:37,320 What they're doing on a daily basis. 966 00:50:37,920 --> 00:50:41,240 Oh, this is fucking wild 25. Yeah, I seen it because I didn't 967 00:50:41,240 --> 00:50:44,360 realize. Yeah, for for myself. 968 00:50:44,360 --> 00:50:47,000 Here, I mean, look at that. They're almost, almost, they're 969 00:50:47,000 --> 00:50:49,680 almost there, like another bird or two and they're there, you 970 00:50:49,680 --> 00:50:52,120 know? To be fair though, just just to 971 00:50:52,120 --> 00:50:54,520 pay into context, the majority of that boom was actually done 972 00:50:54,640 --> 00:50:56,520 before they did this. Yeah. 973 00:50:57,120 --> 00:50:59,600 So the majority of the burn was when they had a lottery product 974 00:50:59,600 --> 00:51:02,200 which you used to stake it to and rolled it at the time traded 975 00:51:02,200 --> 00:51:04,440 at nought point, nought, nought, nought 1 cent. 976 00:51:04,760 --> 00:51:08,240 So it used to like get burnt crazy amounts for that lottery. 977 00:51:09,440 --> 00:51:10,640 I think. I don't know how much they've 978 00:51:10,640 --> 00:51:12,640 burnt in the course in the course of the last year. 979 00:51:12,640 --> 00:51:14,560 I think it must be like 10 or 12%. 980 00:51:14,880 --> 00:51:16,680 Yeah, I mean, that's a lot still. 981 00:51:16,960 --> 00:51:19,520 Still, yeah, it's a lot, yeah. That's a lot. 982 00:51:19,560 --> 00:51:21,040 So good. Good for them. 983 00:51:21,040 --> 00:51:22,640 I mean, you absolutely love to see that. 984 00:51:22,800 --> 00:51:25,400 Hopefully I'm winning my water polo bets. 985 00:51:25,400 --> 00:51:26,600 Right now. I'm bet. 986 00:51:26,600 --> 00:51:29,040 I bet on water polo because the Greeks have Poseidon on their 987 00:51:29,040 --> 00:51:33,200 side and they're playing and they're playing. 988 00:51:33,400 --> 00:51:36,760 Oh no wow. Wow, Greece lost to Serbia. 989 00:51:36,760 --> 00:51:42,040 So here goes my $1000 betting 1 water polo dude. 990 00:51:42,040 --> 00:51:46,840 Like what the fuck dude? Random Olympic sports got no 991 00:51:46,880 --> 00:51:48,120 edge. Which one? 992 00:51:49,320 --> 00:51:53,320 I am never betting on Greece ever again, no matter the sport. 993 00:51:53,320 --> 00:51:56,520 It could be a sport of making the best Greek salad and I'll 994 00:51:56,520 --> 00:51:59,160 bet against them. This is wild. 995 00:51:59,400 --> 00:52:04,520 This is wild. Anyways, so, so there goes my 996 00:52:04,520 --> 00:52:07,160 bet. Fuck, that's so funny actually, 997 00:52:07,720 --> 00:52:10,760 that they lost this water polo game anyway, so I think we've 998 00:52:10,760 --> 00:52:13,720 got around pretty well with that, with that, with that. 999 00:52:14,040 --> 00:52:16,120 We'll see y'all tomorrow morning, 10:00 AM Eastern 1000 00:52:16,120 --> 00:52:19,040 Standard Time for the episode of Formal Hour on Rock Radio. 1001 00:52:19,360 --> 00:52:20,080 Let's go.