Yo-yo, yo, what up? What up? Good morning. Good morning, GMG Thursday. Oh, yeah. November. Sorry November 7th 2024 another beautiful day to have a beautiful day. I got my Co host in the house Tyler Mando. Good morning boys. How you doing today? I'm doing fantastic, just having some audio and visual issues. I mean, you having like audio visual issues is like the meme of this show since like yeah, using 800, but we may be locked closing in on 1000.
So I'll just say 1000 episodes. It's a it's a it's it's it's the story of this of this show. Mendo and his and his tech difficulties. How? How like show How do I stop it from keep on going out of focus? I need to. That's The Sims question. And he's he's in Vegas right now. Jesus. Now Jesus. So Sims doesn't, he's like, dude, this guy's like speaking at some like Halo event or some shit already. Do you see that? Do you see his profile? That's what he told you. So I I've got so I didn't
realize this. I was in the gaming circles. He's famous for this. Yeah, yeah, Sims was kind of like the Faroque of Halo one. That's what he said to me. I'm just using his words. Sims. Sims is speaking on stage. Look at him. We have an echo check. Yeah, it's me, obviously. But why wait? Why would we have an echo? What? What's your audio coming out of? Let's fix this. It's fine. You can unmute. It's not your phone. Is it? Because you're not even here.
No, I I can hear you. It's coming out of my computer right now because at the same time as my camera not working, suddenly my Rd. caster results are not working. I get it. But you're you're you're you're you're this. Connect it to your computer. Just link it, put it, plug it directly in the computer hole. Yeah I know how to fix it, it's just not working. I know how to plug in the road caster to the computer but I'm just trying a different multi USB.
MP Boogie came up with a good idea, put a raffle in their wreck and Rugby discord to pick a winner today. Holders only. That's it's not a bad shout. All right, Mando's gone anyways. I was serious. He is speaking. Wait a bit. Producer. Sims shut up. The Sims, The Sims is speaking today on or not today or this week at least in in oh, the broadcast link CR that he posted. He's he's speaking in in, in in Vegas, a Halo 2 land event 20 years in the making.
Wow. It's for the 20th anniversary of Halo 2. Yeah, let's Google Sims The Sims Halo 2 Halo E sports wiki. Oh my God. There he is 1st result. Wow, look at that. Sims was so for those of you not familiar, Sims is our he's actually big shot now. He's a he's our VP of media dust on so so he he runs a lot of a media that, but you know, he also still produces our show and he's not there right now and it seems like he was quite a celebrity in the gaming world.
Richard Sims is currently a freelance esports commentator, wholesome presenter of the ESLUK coverage in global pub G esports and the Halo Championship series. Interesting, interesting. It's been a hot minute, but returning to the mic. OK, well, Sims, we wish you luck. Can't believe you at. The tables and the slots. And at the table, I mean, that guy is like a winning machine at this loss. Oh, looks like he is so back. Look who's back. Audio. Hello. Video not. It's fine.
This is fine. This is, this is. You're perfectly fine. Nice engagement ring. Yeah. Thank you. Thank you, thank you. Anyways, we were shooting this shit talking about Sims and his fat and his fat. I saw the photo. Wow. Yeah, it's. Quite. Yeah, pretty emotional. OK. Oh, is he? Yeah. His alter ego apparently is Johnny Sims. That's what I heard. But, you know, that's that's a whole other thing. What? Maybe, maybe we should go there, just it's early.
You you haven't heard of of of Sims's alter ego. You haven't. I'm I'm actually not going to share my screen here anyways, so I should wait. It's 10:15. We haven't started the show. Today's show today, today I'm well, I'm I am sidetracked and out of focus market report. Right. Let's talk about the market. Mando, I need you to tell me if E is ever going to catch a bit above 2800 because it's driving me insane. Didn't it do that today?
It did that and then it just like didn't everyone the I swear to God dot eats the second we like touch that like lower like that that level, they go crazy and we always get smacked down. So we just need the doggies to start celebrating on the timeline. The the doggies have price alerts, so the second that Bitcoin ETH or ETH Bitcoin flip screen or ETH soul flip screen. Yeah, exactly, exactly, exactly.
So anyways, we'll talk about the market, we'll talk about Tyler's top 1000 and see if Tyler has a top 1000. Yesterday he didn't yesterday because there's way too much going on the election side. But hopefully you have some more stuff to go over today. And then last but not least, this, we'll do a robit loot box spin. So we have not decided how we're going to pick the person. I'm going to be really transparent with you guys on the show. I'm we always are, but we'll
figure it out. OK, Don't worry. Just make sure you're tweeting though. That's one thing for sure is shows not retweet on your page. Probably going to not get pick chosen. And then last but not least, this show is powered by Galaxies. With seamless built in multitization tools, Galaxies enables the development of sustainable long term communities, fulfilling Bitcoin's vision of centralized freedom and independence from centralized control. Mando Mando, Mando, Mando, Mando
Mando, Are you ready? Yes you are. Who is the man Michael, Daddy of the land. Can you dig it? Yeah, GM, everyone so good. Morning it. Is the day after the pops migration I've been in my in my chat. There's been people who missed it for everyone. Other than that we do have the Fed today. the Fed is the Fed will be 1/4 point BIP reduction. It we really just guidance on whether he's going to do it again the year because then we have one more after this one. We have another one nice little
Christmas Fed meeting. We'll see what there. But largely I think people they're actually a bit mixed. So like since Donald Trump came in, this is what's happened in macro stocks hit all time highs. So across the board, the S&P had its best post Election Day ever yesterday. Big winners were Tesla and Coinbase.
Coinbase was up 30% yesterday. So that Coinbase ETH, as I keep saying, I think I quite like that that trade you had the dollar, the dollar's at a four or five month high, which is not traditionally good period for crypto. You've also seen bond yields go a lot higher. So the 10 years back also at a four, maybe in a seven month
high, I think from the 10 year. But but the whole yield curve has just gone up, which means that, you know, your mortgage is going to be more expensive, all that sort of stuff, which is the complete opposite of what people were expecting. People as in like inflation has been coming down.
People were hoping that, you know, we were going to now go to a period of easing from the Fed. What the market is telling you is they think that Donald Trump coming in potentially leads to more inflation and or more persistent inflation and that we will have a slower rate cut cycle there. Now, part of that I think is the tariffs that he's talking about. Like part of his economic policy is built around tariffs.
But yeah, the market is kind of calling the bluff that you're going to get your groceries cheaper in the US. That they are basically saying they think inflation's going to be higher for longer here with Trump coming in stronger dollar and and maybe more inflation for a little bit, or at least they won't be able to cut at the same rate. Now. We don't know. Like obviously Trump's not in yet.
None of those policies happened. But that's what the market's saying that we said inflation is at 2% right now. So it's kind of there thereabouts the the, the target rate. So with that in mind, the Fed probably should keep on cutting rates, but it's very unclear when Trump comes in, like what sort of policies he will enact and how how vicious they'll be on tariffs and and how aggressive they're going to be in terms of prices. So, yeah, look, that's what the market's saying.
It's saying stocks are going to go higher. We're going to have probably inflation and interest rates going to stick around for a little bit longer and that means the dollar is going to be stronger. So the dollar versus the pound versus the euro like it's it's looking strong. So for crypto, you know, if you're priced in dollars, particularly for someone like me who lives in lives in Europe and and has most of his assets in in dollar crypto, then you're in you're in having a good few
days. I think if you look at the Bitcoin chart, in most other currencies, it kind of smashed through all all time highs, whereas here we're kind of just above it in, in in the dollar. OK, So today you're just looking out for what, what the Fed is going to say. I expect them to probably to keep on with the cutting of interest rates, but I think the market's looking through that to next year and and what some of those policies might entail.
But generally like a good period here for markets. Very, very tough to see that say that Trump wasn't viewed massively positively by the stock market and by crypto and by a lot of big tech. It was a, It was a. It was a very, very. Wow. Yeah, In terms of crypto specifically, we had ETH outperformed for the first time in a long, long time. Bitcoin dominance did briefly go down to around 60%. I need to check what it is today. But I mean, like you said, everyone on the timeline super
bullish suddenly on on ETH. Let's see how long that persists for. Bitcoin dominance is now at 60%. So maybe maybe you know, Election Day was the the, the the cycle high for Bitcoin dominance. I'm not giving up on that just yet. Like I said, that's an open. Day none of the whole Bitcoin reserve conversation keeps on going, which seems like it's like Senator Cynthia Loomis is like all in talking about Bitcoin, right so like yes and and maybe no right like they're
really thinking that part. Of that is priced in here, I think what people are really getting bullish on if you see what's been moving, it's been the D5 coins D5 and and the concept that we could have broader crypto policy beyond just the Bitcoin reserve bill. That's what people are getting bullish and just because the IT looks like wow. Look at Radium Holy. Shit like you don't know that Athena talking. About this on the show last week. You know we're fucking Oracles
over here. We're honestly fucking really good this year. Like we're on a tear. Like this is genius. I told you the ones I thought would move the most and it was the. Difference Maker Ave. Lido Phantom. Let's go, baby. So yeah, Phantom is more of a a defy chain as well, right, Yeah, you look have. Mantle, Orbitram are Weave, Ondo, celestius, darknet. This is all the tops mantra. That's wild.
Yeah, well, there's two reasons. One is Wintermute, I believe proposed a fee switch for Athena yesterday, which would be similar to like what Uniswap was proposing. So the money that Athena makes would be then be able to be distributed to the to the holders of the of the protocol of of the tokens. So people getting bullish on people being able to do that with defy coins again, maker obviously similar has as a fee switch and radium hasn't done
that yet. But you know, that would be a big, big win for I think it's the biggest wins here will be in Solana D five points just because the volumes going through them versus the market caps just on a real battle basis. But pay attention. I think the biggest ones we've spoken about like Radium, Camino, Jupiter, there's there's a there's a few others, but like, yeah, I think that's where people get really bullish on.
And then the the second thing is it looks like Polymarket is now predicting that the Republicans are going to win the House. So you don't have a clean sweep. You have Trump Senate plus House means that the ability for them to push through policy is going to be. The entire government in the sense right. Yeah, which is what you need for
crypto policy. Like the only way crypto policy gets in is that was either going to be a very bipartisans of the bill and like they did, you know, they did support a range of different candidates from both sides, actually some of these crypto packs, but I would say it still had a right would lean to it. So their ability to push through crypto regulation with all three is is a lot easier again.
So if you were looking for the most bullish scenario for crypto, it would be a Republican clean sweep and the number of crypt pro crypto handlets coming in. So I think you do provide like a tailwind here for the ETH or at least the ETH network. I don't know if again if ETH is the best thing to own there as I keep on saying like I think I would prefer. On the day right, it's up 12 points. Right.
Yeah, you could. You could buy ETH meme coins or I would buy Coinbase if you're more looking on like an activity basis or you could buy some of these D5 coins. But I think people get bullish on crypto policy again here so and that might even take away some of the the shine from meme points a little bit. Cool. What do you think, Tyler? What's your rate on the markets? Post Trump? Post Trump. There's a lot to unpack. There is. I think there's an interesting discussion already starting.
Like what is like, are we going to see AD 5 Renaissance? Does that mean the meme trade is over or meme's going to get overshadowed by more true utility tokens? Or perhaps are we going to see like the next wave of ICO booms and people will start investing in projects versus just the financial nihilism stuff and, and the memes? I feel like it's all of it. Like I, I don't know that like hopefully it's not going to be like APVP. Hopefully we can see all the sectors when that, that's what
it feels like. It feels like they all have tailwinds right now regarding all the alts. I think it's a little early to, to start celebrating just too much. If you want to see a little bit more. I, I think for the majors, again, I made a sense like this was the best possible outcome. So it's, it's hard not to be pretty, pretty bullish here for the, for the next three to six months until we until Trump is
in office. And then we start to hear a little bit more about some of those plans and the tariffs and how that might potentially impact it because that that that could get a little messy. But that's still months out. So it feels like clear skies for the for the for the foreseeable future. I don't really think there's another way to put it. Yeah, it feels good. It looks everything. Everything looks really good,
guys. Like in terms of like coins and shit like even me, like especially memes. I mean, what? Let's talk about this guys. Like, what do you think? Like like this? Does this mean it's better for the all coins? Is this mean trades just keep going to keep on keeping on, right? Like I think you, me and Novi were talking about this yesterday Mandel quickly or something. I forgot we're somewhere which kind of chit chatting about this like what do we think right?
Do you guys think you know like which trade continues right or is it both continue? I think it's up. Crypto market cap is going up. I'm less certain about like what will be the main winner over the next two months. There is a, there is a very credible case here that that that defy has a, has a like a bit of a bit of a Santa Claus rally. We would call this. I love the Santa Claus rally. But there's but but also in that world, like mean points can go parabolic.
You know, what we saw was that defy and bean coins LED since the election. I think it's still tough to imagine if we start to see like a renaissance in like people looking at defy again, that people also wouldn't come in and start gambling a bit. So mean points might might still lead, but they you know, that could also run AII think it's been you know, it's still like a super, super strong trend that
had also a decent bounce. I would say between those three, I'd probably bank on still meme coins having having dominance. There'll be periods of time where like, you know, I think define and and AI can probably take a decent amount of yeah. Yeah, I like, I like this idea too. Yonics here in the audience, just a reminder, we do broadcast everyday on video in case you're not familiar. And the video show is 10 times better than the audio show.
This stage of space is just for you guys, those who just want to listen. Yonics is saying I like the idea of Bitcoin dominance, that Bitcoin dominance breaks down once total makes a new all time high. Let's have a look. Let's have a look at what we're looking at here on in terms of Bitcoin dominance. Mando we're at. Oh, wow, Yeah, it did. It did quite dump yesterday, today actually daily. Oh, wow. At some point it went sub 60%. Looks like where it's headed right now.
Finally some red over there. Look at look at the last five times it dumped like. The last five times. So Oh yeah, one boom, boom, boom, boom. Like, you know it kept ripping, right? Like here. The the strategic reserve thing is interesting. I would tend to agree that in its current state it probably is priced in. It doesn't mean Bitcoin flows are going to stop by any means.
There's still other factors. I think where it gets really interesting is if they start the conversation of actually buying. So in its current state, it's just holding the Bitcoin they have. If they start. Talking about buying, it's like an inflation hedge or just like that, that that's where things could get nutty. This is the kind of post that's really, you know, bullying it up, right? Like when, when you get a post like this, 5.8 million views, 77,000 likes.
We're going to build strategic reserve. Like, you know, they want some, we're going to build a wall. So we're going to build a Bitcoin strategic reserve. I, I really like that. I mean, what, what they meant by wall, They meant the by wall. And I think that left or right, you know, you kind of we're OK with that wall, right? I think the, the Bitcoin strategic reserve bill is actually more difficult to get through than just a crypto
regulation bill. I don't like there are Republicans in the House and in the Senate that, you know, Bitcoin could like threaten the the US dollar and they'll have to be one over there where it's just like a regulation bill is kind of what you need. You need a bill that puts regulation on tokenization at bare minimum.
No, no country in the world has put through apart from El Salvador has put through a strategic reserve policy for for Bitcoin. And I think I Bhutan I think did something similar as well, but that's more on the mining side. But a lot of countries have just put through basic regulation around tokenization, you know, and launches and that sort of stuff. And the US has nothing. It has nothing you need. You need crypto regulation. There's a good size of the fit 121 bill.
I think we, we talked about that perhaps a few weeks months back, they're trying to scrap it. So like that was the the pro crypto bill. And then and, but basically with the, the crypto, the, the group supporting it and put the lobbyists basically like we can, we can do better than this now. So they're going to, they're swinging for a bigger type of bill. Yeah, they're like, they know, right? They know.
And it was bipartisan too. I think the biggest thing was that the Operation choke point assholes out so so so you know that I think that the fact that I got Cheryl Brown or some shit that's his name. I think the fact that he lost was a massive win for everybody when he lost his Senate seat in Ohio 'cause he was one of the main proponents of operation Chip Chuck .2 point O. So so so that's good in that sense and I guess we'll see where there is, but definitely
let's build that BTC by wall. All right, so so the market's looking good 75 three here on Bitcoin, so a nice bounce for the morning actually 77754 on Bitcoin ETH, ETH ETH, ETH broke a pretty important you know level here yesterday ran to 20/20/80 quickly. Let's see if it manages to to get to $3000, but that's pretty much air till 33.2. Ki saw KBM, a few of the traders, Kobola, Schiller, bunch of people talking about that as well.
Solana, I mean, Solana guys, Solana hit $192.00 yesterday. We're actually back around 190 and then our memes are doing good. But I'm going to let you know Tyler go into that. I'm sure in his top. What did you send me? Yeah. One more, one more quick on FOMC. So I know Wiz is so he he says things. You got to tread lightly with Wiz. Reactions or what not, but he has this interesting take or he he's saying like what Powell could send us to the stratosphere or completely wipe everyone out.
I'm trying to think through like what are the what's the outcome here that would would wipe out the recent gains? Nothing that Powell would say, like Powell would have to make a judgement on upcoming inflation under Donald Trump, right? He would have to come out and say Trump is going to make inflation happen. That's a very political statement and a very like presumptuous statement. The bond market is saying that's going to happen, right? But Powell can't really say that.
He can't come out and say, hey, Donald Trump's going to cause us to to have inflation. Like Powell has to be reactive rather than predictive. So to a large extent, he's probably just going to have to say that we're going to cut rates. We're probably going to cut rates again by the end of the year. But there's no reason right now. Like, inflation has been bouncing very slightly, like nought .1% above expectations. Oil is still below, oh, it's around 70 bucks, right?
Like, it's not a situation here where we're talking about raging inflation across a range of different things. But there's a world here where Trump pushes through, you know, Paris to the UK, Europe, China, the sort of stuff that he was doing in the first Canada, right? Like he's talking about Mexico, he's talking about tariffing at everyone. So that that's what the, that's what the that's what the bond market is saying.
Got it. I don't think, I don't think Jerome Powell's having that fight already. Well, it looks like 25 bits today and 25 bits again in December is the heavy favorite right now. I think, I think so. The real complications come next year. That's what the market, that's the real question here. It's like what happens next year if Trump says, hey, we're going to put 100% tariffs on tariffs in a range of different goods from Mexico because they're they're actually made by Chinese companies.
And similarly for Canada, or we're going to start taxing the UK and all the all of Europe because they're not funding NATO correctly. Like he, he's, he's definitely, his view is to reduce taxes on domestic and increased tariffs. That's like a big centerpiece of Trump's policy plan. And that that may work because last time what he managed to end up doing is he he kind of threatened the tariffs.
And in the end, a lot of these other countries just kind of gave him money to not do those tariffs. So maybe they don't even get pushed through. Like maybe the tariffs are are not even as bad as and it's just a bargaining tool. And it actually was quite successful. Well, who knows, Like I didn't look at the detailed economic analysis and what happened, but he definitely won over some credibility there. But would be to basically play trade war chicken with some of
his biggest trading partners. Sure. No, that, that all makes sense. It's too early for him to start to Telegraph or projects out Trump policies and how they're going to impact, right? Like, that's not really his job. So we'll see later today. But yeah, it feels like it's going to be safe and it feels like it's the Santa Claus rally feels. Pretty feels like Santa's coming to town boys, let me tell you that. And he definitely is coming to town.
So ho ho, ho motherfuckers, hold on to your bags because we are going much higher. And Speaking of which, Tyler, I want to talk about my mean porn bag. So let's get into that NFT and crypto analysis. Oh no, can you still hear me? I lost. I lost the sound. We hear you. Can you hear me? Yeah. Yeah. All right. Could you hear it if I do this? Did you hear that?
That part I did but. I muted my thing here because Vanessa thought it was a really good idea to get a cleaning lady in the house during the fucking show. So like there's a vacuum going. I, I, you know, I, I don't even know what a clean lady for because I got an apartment, but go on, Tyler. No worries, let's let's get into it the. People got to hear the Jingle. The people on Twitter heard the Jingle. They did OK, great. I know.
The most interesting story of the day was the French whale who made $40 million plus on Polymarket. He revealed his method, which enabled him to make that bet. So we'll we'll get into that in a minute. I'll I'll save the details, but that was quite the story crypto
majors green led by ETH. We saw those D5 tokens radium soar on the day Athena's Ena token up 20% after a winter mute proposal to turn AT switch on so grass grass up another 30% to 2 1/2 billion dollar FTV quietly one of the biggest winners of the last few weeks, the Bitcoin ETS $620 million in net inflows on $4 billion in volume. I believe that may set the record. ETS also up $50 million in that inflows on the day. Coinbase stock soared 30% yesterday. Basically everything up into the
right. We saw JP Morgan rebrand its blockchain platform to Connexus, which will allow forex services along with on chain privacy, cross-border transactions and more. And as I mentioned just a few minutes ago, crypto lobbyists have set their eyes on changing that Fit 121 bill now under the Trump presidency in Republican Congress. In token AirDrop and protocol news, Arkham Intelligence announced a new Arkham Points program along with the roll out of its new perps exchange pump.
Stop Fun rolled out a new tipping feature allowing users to tip their meme coin devs when transacting. Star Atlas announced a new $4 million loot fest, Fritz Solana based space games, then Rec brands, Chows direct. They announced their one and a half million dollar seed round yesterday, completely funded by community and Angel participants and memes and NFTS Meme corn majors were mixed this morning.
Doge was down, she'd been down. Pepe was one of the biggest winners, up 9%. Mog got the Binance, I think the perps listing it briefly hit a billion down and retraced. Since then, SMR was the runner of the night. It's doing crazy things right now. We don't really necessarily need to do to talk about a lot of token and supply control happening there. Lock in hit 100 million for the first time. We saw that hawk to a girl, Hayley Welch.
She alluded to an upcoming meme coin drop on her X page. So that's going to be 1 to look out for. Epic duck part with Play Solana. We announced it yesterday, but we got to hit it again. They partnered with Play Solana to roll out branded handheld consoles along with an epic AirDrop for the 1st 3000 units sold. ETH Mt Leaders Mostly Green alongside the ETH pump.
No crazy moves. And then Magic Eden introduced a new global currency, G3, allowing users to buy them in a tease with any supported EBM currency. That was the roundup, but quite a bit more news since the day before. Wow, that is quite the news. Let's start with the Polymarket whale. So turns out the four top accounts that I was sharing yesterday's yesterday are him. So he he straight up made $50 million in profit from this trade.
Incredible trade. I mean, I can't even fathom making 50 miles profit in one one shot. So this is it right? The French pond market well, Commission pulls with specific alternate methodology, the neighbor method one what a bother 2 what a killer example of how Betty markets can surface such contrarian high quality. So, so, So what is this neighbor method?
Did you look into that, Tyler? Yeah, so basically his core, I read about this in my newsletter this morning as well, but his core thesis was that Trump, people wanted to vote Trump, but they didn't want to say it, that they were so and that's why traditional polls were under underweight Trump. So what he did, he basically hired a polling company to go out and do polls for him. Instead of. Asking them who they were voting for, they were saying, who do you think your neighbor is voting for?
And he thought this was an an indirect way to understand who they probably are voting for themselves and get more honest results. And when it, when he got the data back, he saw that Trump was over performing quite a bit from compared to traditional whales. And it, it gave him the data he needed to make the, the $30 million bet. I mean, and he bet on the, the popular vote as well, which as we all know, that was a huge underdog bet.
So like, it's not like he was just slamming money into Trump as a twat, as a slight favorite. He was, he was making the bets across the board. He was making bets in the swing states. So like he, he had it right. So he had the data. I think there, there's a lot of, there's a lot of takeaways from this. Wow, he exposed just problems in the existing polling systems that we have. I think we, we, we talked about that on on yesterday's show. He's comparing the polling.
The level of polling in France to level of polling in the USA seems quite different. Yeah. I'm curious if he is close to like how the polling methods in in France are. I'm going to be telling him for the next French elections, that's for sure. Yeah, I think a lot of this guy bets again. I think people will be. I mean, this guy now has become the top market mover of polymarket. Like at this stage this guy can like control the market on. Oh yeah, right, right. Mando, you muted.
Is that what you're trying to? No, I'm saying it's banned. Did you not hear this? Yeah. Yeah, but he can just take a quick trip to Mexico. Yeah. Yeah. If you're so friends, isn't it? So incredibly French. The guy made 42,000,000, they decided just to ban it. Not only not only did they decide to ban it, he's probably going to have to pay like 45% tax on it. I. Actually don't know. I don't know if it would be considered betting or not.
Sometimes, you know, like. Is gambling taxable and it depends and Canada that's not it's like fully you're not going to taxed on on gambling. Actually all of crypto is gambling. So technically, no, you have to does Frank's tax as general principle under French fiscal law, gambling gains are not subject to income tax. Oh. Wow. Depends if it's class is gambling. It's the same here. So it's yeah, it depends if, I mean he could, if he he probably has a good lawyer.
A good lawyer could argue that, right, Like prediction markets and gambling. I don't think there's a a precedent in terms of law, you know what I mean? Like at this stage, like, you have the best tax lawyer, right? It's a lot. It's a lot like. That could be classed as gambling, but if it's I think it's The thing is like there are certain rules which I know even
in in Portugal, right like that. If you are a professional gambler like that is your job that that that that you are challenging income tax got it. So he they might also be able to argue that he's this is his professional. This is well, that's the same here, right? So you can you're going to tax on gambling in Canada, but if they can prove that it's your profession, like your profession, you have to pay taxes like if it's your main means of putting food on your table.
You know what I've realized was in the auto focus issue? What was the background? Yeah, I know your background has been a pain to everyone for the last six months, but I love you and I love Epic, so I'm not going to tell you to fuck it off. Pardon. I bought a green screen. Of course you did. Oh my God, this is great. So Bernie, so you know how Bernie does obviously you know, but the streams for epic, like he said, it's perfect, but also doesn't help that your arm thing
is in front. So it's that's also your other issue. I think it often tries to focus on your microphone and your arm because see how my arm, I put it like this. So you have to put it under and then unscrew this. So instead of setting up like this, you should set up like this, you know, so unscrew that top part like Tyler and I from under. So you want to really like scoop it anyways, Tyler. Well, market is pumping lads, but it looks. Quick and all time highs. Ago.
Mood OK, can we can we take a Tyler, do you have meme coins part of your thing? And we talk, we want to talk about meme coins because they're doing really good. Oh God, they just rugged that SMR token. Wild, wild chart. Yeah, let's talk about memes. Let's see what's pumping GOAT $820 million market cap that's I bought. Some yesterday, Amanda, I bought some Good times. Within all time high there. That is looking good folks. That is looking real good.
Fog's at 4:40. Mudang's up 36 percent, 240 looking real nice. He's not I. Gotta go at. At what point can I talk about my favorite meme like 50 mil? What's your favorite meme I'm. Not gonna talk about it. Drinks anything. OK, so let's anyways Tyler, what else do I have for us today? OK, I included it on the top movers. That's nice. Yeah, it's it's definitely on the list for sure. There's a lot to talk about.
I mean, if we want to, we can always come back to memes, but let's maybe we can talk about more substantive things. So the grass token story, I think it's a really interesting one. If you want to pull up the GRASS chart, it's one of the best parts in in crypto. So what's the GRASS token story? Because I saw a lot of thought about it when it first came out, right? Yes. So GRASS is technically deep
end. It's a service that allows you to share your unused Internet bandwidth with like a central provider and then you can earn from it. And I think there was a little bit of thud around the Airdrive because people have been running this for months and kind of, you know, giving, giving away their Internet. You know, perhaps some concerns of like what else that would mean, like any private data. I'm not going to go down that that rabbit hole. And they only got like a couple
100 bucks. So there's a little bit of thud from that. But perhaps like this style of launch is what we're going to see more of. They came out low and then they've just been able to March up since the AirDrop. Like if you zoom all the way out. Oh yeah. So this is zoomed out, like instead of trying to come out at the highest FDB possible, right? They went the the alternate route and now everyone who's bought the token is up. And that's just a different mindset, right?
From the recent token airdrops we've seen where you try to maximize the AirDrop value and then everyone dumps, then everyone set. Maybe we're back into good AirDrop season. We haven't had that since January, right? Really like farming has been dead. The last cadet Jupiter I think. The last good AirDrop, I mean it's about to be AirDrop season again. Like I think we're going to have SOSENS type airdrops come. Tokens like everyone and some big companies like Metamask might go for it.
Well, you have Metamask that could go for it. You have. You have the. What does the moon pay? Go for it. Let's get Keith on here. Moon Pay should do a token. No, I think moon pay is going to go the IPO route bro. Oh. OK, fair enough. That's that's that's more of their thing and I'm I'm seeing this based on no information. I'm just, I just think that's the route that they're taking. And then I mean, dude, there's
there's a lot of them. I mean, you know, more cooking do. You remember Christmas points we like we got that SOS token. Like on. Christmas Eve. Claiming it on Christmas Day. I remember having my laptop on my Christmas table and she was really pissed off. I think I got like 60 grand. Yeah, I made a lot of money on that. Crazy amount of money. Yeah, I think it was $100,000. Christmas I bought new computers for my entire family of two.
So protocols out there, this is This Is Us telling you if you want to make it a fun Christmas for one of three participants. Considering it would be really nice if I got like my wreck AirDrop before Christmas. You know if if wreck drinks, wreck dranks or drank points. What the fuck these things are Want to come out? Hi tell, I said. What's up? There's going to be some focus on this now, right? So like Magic Eden I think is one of the bigger areas in focus right now.
Monad. Huge user pool monad I I don't have a sense for like how close is monad? You won every, just so you know, like January and February, I think everyone's launching a token. Oh man. Yeah, I mean, it's going to be, it's pretty massive. Pay attention. I mean, look like straight up like, you know, you should really pay attention to what we're doing over the myriad stuff because I mean, that's stuff that we've talked about in
public. I mean, our radio holders have been waiting for a long time for, for, for something to happen to what they've been holding so that we're we're doing a whole migration and everything very soon as well on our end. So I've been talking to a lot of of people in the industry. And so I just know that like there's a ton of, I don't want to like, you know, like to, to, to jump the gun for people. Like there's a ton of TGS in January, February, like it's a lot like people are lining up
like crazy. They all pushed right, the summer TGS and everybody went to TG in September. So September was supposed to be like TG central for like everyone. It didn't happen. So everybody pushed the TG. So like. Base basically do a token. Basically someone could just put in the comments base token. Yeah, man. That would be the biggest token that could possibly come. Nice token makes more sense now in a regulatory like Paul Grerel yesterday was talking about it right?
Like not the token, but was talking about how regulatory wise like for Coinbase in their case like so much better. Do you guys think there's a world where like they just drop all the cases against the exchanges? Maybe not against the Ku coins of this world like the Chinese ones, but like. I think they'll they will they will drop or move to settle at very low levels. A lot of the a lot of the ones against US exchange.
Yeah, slap on the wrist just to say that they did something like, hey Coinbase, give us like $20 million type shit. Coinbase, yeah, I'm trying to think about cracking probably. Oh they have cracking. Coinbase, Binance, Kucoin. The crypto is. Based in like the Seychelles and. Crypto com Crypto com does a lot of business states they could get a slap on the wrist fine. Crypto com is trying to do a lot of business in the states. That's very true, but they are Singapore based as far as I'm
aware. No, but they're like US centric in terms of the user base. Like it's AUS, like a lot of Americans use crypto.com. Well, they sponsored a bunch of stadiums. That's what I'm saying. I'm saying like they're ingrained within the US. Like. Like if you're hurting crypto.com by and I don't use it, but you kind of hurt in US
participants, right? I don't think it's yeah, I don't I think crypto com I would agree with you that most people who aren't in crypto would probably assume that that was AUS company, but it's not. But they did they did come out literally today and said they wanted to to create AUS stable coin. They won't have more operations in the US like maybe that's also them. You know that is a strategy from them, you know. Yeah, we are ripping right now, Yeah. Look, just pull the Bitcoin chart.
I think we have to. People are pouring into the space. I'm looking at my theorem longs right now because I did long the theorem market and I'm very scared of the theorem. Hold on here. Yeah, Bitcoin chart is fucking ridiculous. That's the four. 59. Look at this 4 hour chart on Bitcoin. Look at this 4 hour candle. We know. We know what we call this candle, a Trump Tower. It's really the same shape as the Trump Tower in New York. Have you been there? That's crazy, by the way, here guys.
Like I think you're about to see a lot of meme coins go absolutely bonkers. Have you seen Solana Let's? Just pull up everything. That was at 192. Yeah, that's moved quicker than I thought it would. I think we said if Bitcoin went to 100. K Never forget. I'm never going to forgive you or I'm never going to forgive you for two weeks of Solana FUD. I almost got rid of my bag. Come. On I I get I I followed it during a period. I wait. It's all.
Down. You and Ovie were saying that Tron and BSc is going to take mind shareware for my memes and I got so scared for one second it did my favorite trader and then I got back into it and I. Told I told you when I went back into it. My favorite trader, Mando is my favorite trader. My favorite influencer is my favorite trader and he almost hurt me. I know. These things happen.
I told I told or other Co founder who you know Cowley the other day he tried to flood me out of my goat bag the other day what I told him he used to he used to sell Luche that mean literally at the top right. I was like. Yeah, that was how. Many minutes I was like, dude, you should take some money. He goes, I'll only sell if you sell all your goat bag. And I was like. Oh, this is done. By the way, this was a scam pump. It's done. This is this is I think. I.
Think it might still go? I don't know why it's pumping, but like, everything's pumping. So I'm just not going to question pumps. But goat flits mog, how about that? Goats flit Mog, but Mog got a fucking Binance listing overnight. Why don't you talk about that? The the the the listing happened. Circle was that. We ran into a billion and now it's already been refilled. Why? Don't you talk about that? Why don't you talk about the fact that Binance Perps is
listing MOG coin? I don't see what it. I guess I realize it's not already there. Why is that not part of your Tyler minutes? What it? Was I like I mentioned that? Come on, give me some. I don't think a pub listing is that, but I was thinking about yesterday on rec radio, like I actually don't they think about all the recent pub listings. You've had Mog just now, you had Punky the other day, you had what was the other one like? You had Goat, you had Mudang.
Every single one of them you've had to sell off straight. After I mean, look at the Wick, right? It's pretty wild that we wicked a billion dollars there. To be fair, punkies bounce right back now, but so maybe it's. Like. Well, but yeah. Well, it's starting to starting to. We'll see. It's starting to sounds. One thing is becoming abundantly clear. And handles. Cup and handle season. It's cup and handle season bro and you wouldn't see that.
It's playing out. Except except for whiff, I swear to God that dog is fucking like. It's, it's close, man. It's it's a 10% move from breaking out. What a curse trade though. What a curse trade. How's peanut doing? I took a peanut gamble. Oh, let's go. So like the the people last night I think had Peanut running Elon. Up and handle season, baby it. Wouldn't surprise me if peanut was a billion dollar coin I had. I'm not. I'm not putting any sealing on peanut at this point.
So I bought some peanut and some goat yesterday but finally did it. I got into goat when Mendo said this thing's going to billion dollars tonight around like 700 mil ish I bought it 700 more 750. So I tailed and then peanut. I took the same size trade for the only reason that peanut is Trump, not Trump's, which is even better. Elon's mascot. Elon's last mascot last cycle went to $80 billion and to 40 billion. Because Shiba Inu is doge,
right? So if Elon sent the coin to 1840 billion, why can't his new mascot go to billion? But then Mando made the counterpoint, which I think is right. He said only if he keeps tweeting about it. So I'm monitoring that. So if Elon doesn't tweet about it the next couple days, then I'd be worried about the fact that he's kind of like given that he's stopping. But if he puts a tweet out today or tomorrow, then I'm like, OK, I'm probably going to stick to
the trade, right? So like for me, it's really just like a short term decision. But I think Mando has a point. But the RR here for me was like, OK, well. That thing, yeah, where the squirrel turned up at, at her rally, I think really extended it. Yeah. But you keep on having those sort of moments, you know what I mean? Like, I don't. And I just don't know. It's who knows. Who knows if if Elon decides, yeah, we're going to keep up for the rest of the rest of the year
like. It's riskier at 1:50 here, like for sure. And I think the next two weeks are key. Like if Elon continues to tout over the next two weeks, I think you can feel pretty comfortable. Like if he doesn't in the next couple weeks, you're probably at at risk. Yeah, I mean, look, yesterday Elon retweeted the everyday 2 days ago, the everyday from people which had the peanut people made another everyday with Elon and peanut on his back last night.
So I don't know it it kind of helps that people's kind of pushing the peanut narrative on Elon, I'm not going to lie. But that could also be the end. So. So we'll see what happens there, Tyler. Oh shit, I just saw the time. Let's pick it one more soon. But what else? Is there anything? One last quick story. So good and bad. So I actually, so there was a hawk to a coin launch yesterday, Hayley Welch, like shut it down real fast. So I actually praised her for doing that.
It launched. An hour later, No, no, it was just like a random one that they had tried to use her like. Our favorite influences again, Tyler. But then she teased her own coin. So it looks like there is going to be a hawk to a coin. Oh gosh. I would buy that. I got to run guys. I got to take my daughter somewhere, so I will. You could do that. We'll pick a winner on your behalf, so.
I, I think it's a big event. I don't know that I'm like super bullish on We actually, we, we were pulling up the podcast stats. So we were doing some the, the boys in the trenches. We were doing some on this. I think she came out of the gate super strong. It's like 74th in the US for top podcast, which I mean it's pretty good. Like it's hard to get a top 100 podcast in the United States. It, it was ranked in the top 3 when she came out. So it it does look like it's
falling off a little bit. OK. So and that kind of that kind of checks with me with kind of where her like popularity is like she's clearly leaning into the crypto thing and she's like goes to the conferences and I think she's like a she's a nice girl. Iggy Azalea had some success with mother token. I think that's like I. Would I would take the trade for a quick trade, I would get in and out of that one personally speaking you. Could get in early at a low yeah. Sub 5, sub 10 I don't.
Know like remember I got into mother at like 5 mil and that paper handed it for a trade. But then I would have made like probably like 2-3. I think it was my size with 200 grand out of like nothing would have, could have, should have of course, but I see it that way as well. Yeah, and that one went high. Yeah, what's mother at? I think it's still probably like 50. Or 60. You know that honestly, this is impressive. I, I don't know how much room it
has to go much higher. Like what else would it take for mother to go? But it's looking good. Mendel's coin actually is looking good today. Yeah. Mendel's coin is actually looking nice today. The move fell out of the 24 hours, but from bottom it jumped up basically 100%.
That was a nice job. You have Pepe here like I'm waiting to for a trade if it can't break here like I'd like, I'd like the Pepe trade if, if ETH runs just to go to $3000 here, like if ETH managed to really like go like because ETH is air right to 2:30 here, right. So if ETH goes like here, that region here, I think Pepe Mall can be in Sears business. Yeah. And I'm rooting for it. I think we probably, I think with probably needs Pepe to run. I don't know that it runs.
I don't know what with needs to run anymore. Fucking Solana is $192.00 and shit's not going like it's just, it's just it kind of annoyed me. I took my losses and but it's it's kind of like, I don't know, like I have a friend of mine that was trying to buy a whip that I told him not to because I look at the board on on on sole. Like look at this, for example, Tyler, I know you and I are both in Lockheed, but like Ritardio 225. Look how beautiful this looks like. What, what do you take a punt
on? Right? So you have small size, mid size. What do you take a punt on? Or here, look at this. I know you, you, Tyler and I are both in this one. So just pull disclosure. But like, you know, I see this, I see even Mandel's coin Mudang like that was a better trade. Like if you and I both plowed Mudang over width, like, we'd be in the money bank, right? If you time it perfectly, of course. I even prefer peanuts still over
with here. It's just that Mandel like really raised a good point to me in private and I think we talked about on the show. We can talk about it more tomorrow because we're on time. But he said, he asked me a question. He said, what has your success rate been trading meme coins above a billion? The truth is for me, I have lost more money trading coins above a billion, like meme coins above a billion then I have under a billion. Under a billion.
I have done a fucking killing cycle, like killing above a billion. I've actually only lost money. Well. I. Think it's probably a smaller sample size, right? I don't feel like I'd trade memes above a billion, right? Ever. Every time I take a stab, like a lot of times I take a stab, I lose. Recently with Pepe right I took. A lot more risk up this high, right? I think the bull case is the index play. Yeah, the big ones are in the
index. So if the bigger players are going to come in, they want exposure, they're going to. Top five on the board again Mirad like Murad again, like Murad once again just being index play right. So like you have the Murad memes are looking good. Oh wow, your did your USA bounce. It bounced a little bit, but you know you're looking. It's not. That's sad.
It's we, we probably need the USA team probably needs mini and lock in to just go up another 50% and then people will just feel bad for USA and they'll start to buy. Yeah, I don't know, but that's the USA issue. I'm just worried about politics, That's it. I'm worried about the political trade being finished. The political trade is finished. I just, I think this is, I just never put it in that bucket. Yeah, perhaps that was my mistake. Rather peanut tweeting,
tweeting, peanut trading. Like someone knows Elon's about to tweet that shit out. Look at this. They like the squirrel. I don't know, dude, I don't know. We'll see. I could be wrong. I didn't go big size, you know, but but I went small size and and it could be a fun trade just for fun weak trade. All right.