Yo-yo, what up? What up? Good morning. Good morning, GMG Monday. Moon Bamber. Are you going to think that it's coming Moon members another day. You know, November 2020 Fourth we're at 24. Look at that another beautiful day to have a beautiful day. I go by coast in the house Tyler Meadow. Good morning. How you guys doing today? Fantastic the day before the big day. You mean the pops migration? Tomorrow's a big day bro. Pops are we haven't spoken.
About pops enough, actually. Is that what you guys mentioned November 5th, the great pups migration? Is that what we're all excited about? Like is that I, I, I wonder why the timeline kept saying November 5th, November 5th, I feel like I guess everybody's talking about pups, right Tyler? Is that surely that's what it is, right? How you? The future of Bitcoin hinges hinges on this pups migration. The most egalitarian thing to come out since the White Paper,
right? I got literally like the same second I got a Bitcoin puppet on on like on the request just like smashing the the laughing emojis. ANYWAYS, yeah, yeah. I mean, you know this listen, we're we're one day 24 in some change right hours until the big day tomorrow, the United States elections. The market is volatile for sure, as we've seen this weekend. But reading the timeline, I thought I was going to wake up to like 60 K Bitcoin. It's not looking so bad.
So I'm sure we'll cover it during the during the market report and all that good stuff and go to Tyler's top 1000 as usual and all that good stuff. So today the show today, DJ market report as usual. So let's talk about all this stuff, Tyler's top 1000 and see what Tyler has in store for us in terms of the weekend recap, etcetera. It was a weekend filled with different animals again, animals
taking over the timeline. You know, every time you think meme coins are dead and the Super sky Cole's not real for meme coins. It's a new meme coin that runs $100 million in a day, and it always happens on a weekend. It's always an animal. It's different kind every single time. And then last but not least, this show is powered by galaxies. Where's my galaxies? I'll read where it is.
With Seamless built in monetization tools, Galaxies enables the development of sustainable long term communities, fulfilling Bitcoin's vision of decentralized freedom and independence from centralized control. But anyways, let's talk about these elections. Let's talk about this market. Mr. Mando, who is the man? Can you dig? It GM so yeah, we are one day away. We saw some volatility of the weekend. There was a poll out of Iowa which showed a slightly closer
race. So that seems to have been a bit of an outlier. You had the the Poly market odds really tighten and then have drifted slightly apart in the last 24 hours. So let me let's bring it up now. Live looks like. Which one? 5941 that was as close as 5347 I think at one stage on. He's up five points this morning.
From Iowa, which was meant to be kind of a which showed a huge Kamala lead and it's it's unclear, you know, like Nate Silver was saying the quality of the polling in this election has been some of the worst he's ever seen. Wow. There was a lot of questions about that poll afterwards, but at the same time, it's close. It's clearly very, very close. Let's let's see what happens. You saw Bitcoin drift below 58 Ki think at one stage. And yeah, I think it was no, sorry, 68. 6868 holy shit I'm.
Like. Big handle wrong. Big handle wrong. Yeah, 67 1/2. It kind of got down to and then bounced. This was up at a high of what, 73 and December 73 a few days ago. So decent move, 10% move. You saw a bunch of different people come out and and give their two cents. So there's three different views ready to share today. You have one which is the options volatility price is indicating that we're going to have a 10% move either side here.
So 6275 sort of range here on the day of the election or after the election. Remember, it's important to know here that like we may not get the results. Well, it depends, but like this could be contested. Tyler's laughing. He's like, fuck, he already knows he's coming. I was looking at the Poly market odds for that, like which day it would get called, which day the AP election called by, and it is 59% to be on Wednesday. Oh, am I reading that right? Oh, that these are terrible
odds. Maybe Tyler, you know. I'm trying to find the the this market here like Wednesday. If I had to bet, I'd probably bet Wednesday. Yeah, Wednesday is 47, Tuesday is 23%. This is when the AP calls it to The Associated Press. Thursday is 13%. So, you know, sometimes if it's a clean victory, particularly in some of the swing states, then you can kind of call these by the by tomorrow, tomorrow evening, because you get you get exit polls and then they're
normally pretty, pretty decent. And then you get, and then you'll get maybe obviously a post in ballots and all that sort of stuff. But normally you can normally call this quite early on, although the last few it's taken a little bit longer, clearly. So let's see, let's see what happens there. But yeah, they're predicting that sort of a move. Then you had Kobe come out. Yeah, actually, let's go. Bernstein came out and said actually they think 50K Kamala or 80 to 90K Trump.
But they then also said in the same breath that Bitcoin's going to 250K next year. Yeah, I think they said 200K by end of 2025. Yeah, 200 K, sorry. And then you had Kobe come out and say it doesn't matter, we're going. To 100K. Just. It's just the path and speed that we do that, which I think is kind of, I think most people
would agree that sentiment. I think most people if there's a if Kamala gets in, I think you're looking to buy that dip, particularly in Bitcoin. So yeah, I just think a bit of volatility into this. Let's see what happens. I did kind of think we'd be like at all time highs today, like or in or around it, because I do still think that's with those odds, people will will and even with like we just said, people are still bullish even if Kamala gets in.
Like I think the end of this uncertainty is good for markets. It's good for markets. They'll get behind whatever happens. I'm telling you, I've seen it so many times. So yeah, let's let's see what happens to crypto in that world. You're saying no? Nothing. No, nothing. Yeah. In terms of the other majors, Bitcoin dominance is headed closer to 61%. It's continued to rise over this period. The altcoin market cap, the others market cap actually had a cycle low. So if you bring up others.
It's it's called, it's called others. Is it called others? Yeah, there you go. Oh, I didn't know that it's. Right there at the top. So I guess it's maybe it's altcoin dominance, but yeah, we've sweeped down others dominance. Yeah. So pretty nasty little move that given I think a lot of people are calling for a we're calling for a altcoin cycle, right. Even if it wasn't for ETH, it's
been a pretty nasty yeah. So we're back down like the levels that we had in 2023, which yeah, like I think people were bearish on ETH, but like they were kind of bullish on maybe some of the other altcoins. And that's not a good looking chart. So that tells you again, it's not been a good cycle for for anything except Bitcoin and meme coins and meme coin dominance obviously hasn't, hasn't been doing that well. It's been going up, but it's definitely more volatile.
So just a crazy cycle really. Like I don't think they have a meme coin market cap. Yeah, I know. I I thought there was, but I don't think we have a meme coin market cap. It's it's meme coin like the other the 9 gag 1. Yeah, exactly. Yeah. So I guess that's surprising in some senses in in others, you kind of probably felt it every single day. But yeah, like people in the broader crypto space are not having a great time.
There was actually a story out about Eigen Layer, which has been one of the biggest launches this year. They have kind of severed their ties even with the E of some E foundation, we not hit an all time low. So like if you're in the VC, broader VC altcoin space. Pivot the mean coins. I can know it's one. Of the big wins, right, the staking and and it's just getting hammered. So yeah, definitely, definitely some pain in those streets. Visas are not catching a break
here. I saw some other thing about Poly chain this morning before coming on. I don't know I forgot what it was but like I think I just read like right now before coming on the show if a scroll. Regarding scroll, I saw this tweet go a lot. Go they're. Definitely down. Yeah, like imagine being Polychain invested, scroll at one point billion FTV in the last round and then by 10 million more at 1.5 and now it's 588. Yeah, many such cases. Blast Man. Blast. I mean, what is Blast even
trading at? I obviously haven't brought up the blast chart for a long time. Should we? I assume it's below a billion. I don't. Know this is the I can chat chart, not chat, but the chat's probably worse than the chart and then this is are you guys ready? Should we? It's not great. Spoiler. Oh fuck Slurf Dev I. Have to slurp dev right there. Slurf to have just attacked the IS. That 160. People that is left. Like fog is 2X blast right now, yeah.
But there's more things going on flogging on blast though, right? Yeah, people that don't love these L2 tokens, like fuck that is a crazy chart. That's a fucking crazy chart dude. How? Bullish was everyone in July. July, we're in. November. No, do not bucket me with everyone. We, I, I was in the camp, I was drinking the stats kool-aid, right? I thought I could launch it like 8 or $10, which was going to be what, like a $10 billion valuation?
Like we these valuations were just too high and I think. Let's look at let's take a look at layer 20, Tyler. The Kool-aid was definitely being drank so much that OV pivoted from lasted drank points and so. Those are rough year to date numbers. Like I hate, I hate this like donkey on. I know. OK, so let's look at it, right. Layer 2's, all of them. Arbitron, which is the top layer, two year down 69% year to date. Mantle, OK whatever 12%. Immutable is down 50%.
Optimism is down 63%. Polygons down 69%. Starkness down 85%. ZK Singh is even on the air. And that's with. Avo's down 89%, Metis, remember that. Like, there's a whole narrative around, like, Vitalik's mom at some point. No. Is that the one? Yeah. It's down 50%. So even Vitalik's mom can't save L twos. Blast is down 64% year to date and it's behind scale Metis, Manta Evo, ZK, Starknet, Polygon even. So it's not just blast what I'm trying to say.
But still like scroll is I mean even but that's not doing good right now. It's down 20% on the week. Wow. And wow, and this isn't a year where Bitcoin's up basically 100%. This isn't the yeah Bitcoin. But year to date? But what's the therium on the year, right? Even there is only 7% year to date, so that's crazy. The L1's up seven points year to date and the average L2 is down 60% year to date. What's the Solana year to date?
Solana year to date is 59% up. It's not insane, but it's nice. Wow, that's crazy. There's not a whole lot to say. It's that's rough. Yeah, that is rough anyways. So, OK, well, Mendo, market wise, tomorrow's going to be the biggest catalyst. I guess we'll see what happens then. Do you think there's a lot of there's a lot of thoughts and opinions on the timeline right now? It's like very crowded. I think the best thing is probably to wait and do nothing.
But what do you think? Like I obviously like Bernstein's coming in saying comma 50K. If that happens, Kobe's coming saying either way, we're going 100K doesn't give a time frame smart, but I'm assuming that he's thinking next year. But you know, how how do you how do you feel about this this in general? Like I feel like we de risking to come up potentially winning already, but do you think that we really go much, much lower? I think we had a, we had a decent de risk, right. 74K
right? Yes, or 70 yeah. So I think we could probably go to like 60 ish if come on. But I think you buy that dip, everyone buys that dip, particularly in Bitcoin. I think you'd also buy it in memes genuinely. And the reason is like we've just I've said before that meme coin dominance might might not actually go higher if Trump goes in, like you might have, people might be reaching for, you know, crypto as a tech play again, because you can start to. I'm not saying memes will go
lower. I'm just saying I don't think dominance doesn't necessarily go higher in that world. So weirdly, I think, yeah, if it's a Democratic or Dems win, then then I think Bitcoin, you buy Bitcoin, you buy memes on the dip. If if Trump gets in, probably Solana is probably the best performer, I reckon. And then I don't know exactly what I'm not saying, but I think on a on a rel Val basis or like a risk adjusted basis. I I think the D5 coins would would zoom actually.
And I reckon maybe some of the other L ones that haven't that were like classes security. So you could have like a big Wick up in Sui or or I don't know, like phantom could have like a big Wick. Anything that was like in the crosshairs a little bit for being a central identity I think could have a big wigs. OK, well, the OC tomorrow. So what's the deal with tomorrow? Like how does it work, Tyler? Like I know it works in France. Like at night you get all the results.
Like how? How does this process work and forget? Yeah. I mean in person voting typically goes till about like 6:00 PM I want to say. TD programming and stuff that. Show you yeah, all the major news networks will be, you know, they'll be sharing the results as they come in live. And you know, it starts with like a with 1% reported it. It's got, you know, Trump up X percent or comma up X percent.
And then you just watch as more and more percentages start to roll in. Some states are much faster than than others. Like Pennsylvania is one of the key states. And I think they're, they're typically slow, which is why folks don't think we're going to get the results on Tuesday. I guess that's such an important state. I, I think my, my, my overall read right now is that folks are like the Trump backers have their, their narrative for why Trump's going to win.
And the combo backers have like this obvious narrative for why they're going to win. And someone like half the country is going to be like, this was so obvious in hindsight, Like everyone's going to think like there's going to be this huge narrative in the next couple weeks. And this was all so obvious. And it's not obvious right now. Monday morning, like this thing still feels like it still feels
like a coin flip. I think the selzer pole was, was pretty eye opening for me just based on her history and and track record. But again, it's just, it's just one, it's 11 poll. And I, I feel like that's what shook markets originally, but people are already starting to, to distance themselves from that. I think there's, I think all the options are on the table. I think the Trump landslides on the table, comma landslides on the table. And then a very close like 27267
is on the, the table as well. So we will see. But we're out of what, what we are running out of time for is any like big negative news events to impact us, right? There's one day left. There's there's not, no no more risks are really out there. Then they released 100 hours of like Epstein talking about Trump on Friday. No one cared like no one cared like that's. Crazy the Epstein takes hold on. That did not. I'm terminally online, you guys know that.
Yeah, you didn't. You didn't see that? At all? Nothing. I spent my weekend on the Internet. One of Trump's, I think lawyers, ex lawyers. Trump's got a lot of ex lawyers. Like it's true he has like hundreds. He released some sort of 100 hour audio footage of Epstein. It's unconfirmed if it's Epstein but talking about Trump. But I was like, this is crazy. Too weird. To see on a Friday. What is it? Well, if it was big, they wouldn't release on a Friday. First and foremost.
It's like the biggest rule of media. But. Oh, I don't know, maybe it was on Thursday. I just remember. It being, but what? What is it? What was it? What is it talking about? Some weird stuff, like I think they I certainly saw like the headlines from it because it's like 100 hours. But there's something about Princess Diana, like they both were bragging that they they slept with Princess Diana and who slept with her first or something like that.
Yeah. Like nothing, nothing like overly Epstein ish is what I that was what I took away from it. Like, yeah. TikTok OK, Henny Stone is more on to it's going the rounds on TikTok. Obviously it won't make the rounds on Elon's acts, but. They made the rounds. I mean, I was, I I read probably every political crypto take, yeah. Political. Take on Twitter this weekend. I think I read all of that and there was there was not much talk on the Epstein stuff.
Like I, I saw it, but it was not a pervasive headline. I don't think it's like, I mean, at this point it's not information. I don't think that would really swing many people's. Minds this. This is what I mean though. It's just like the compared to elections in other countries, this one is it is wild like the stuff that. Happened this entire elections is like a movie, like a a a sitcom or I don't know, like they're just a bad Black Mirror episode.
It's just weird between that this what you're talking about and. I don't know, it's like Cardi B reading off the phone. Like. It's almost on Saturday Night Live and now they're saying it's an FCCC violation. Yeah, that and like it's on both sides, but for it's worth both sides. Like weird. Like it's just it's so weird. It's just so weird. I don't know. I don't know. It's a it's a lot.
It's a lot. Everyone was painful for me real quick because I actually had a fairly large position on yes, that she would go. Oh, and I closed it a week and a half ago because there's wasn't much time left and I just thought she was going to be too busy to do. It you got to believe. That was a painful one. And you got to believe. I think the odds were down to like 2 or 3%. Anyone, anyone who had it like it was a massive win. Wow, wow, wow, that's that's
interesting. OK, well, look, we'll see where it goes. It looks like this morning though, there was quite a bounce across all the prediction markets on on the Trump shares, but seems like it's just like Wales doubling down, right? Just a lot of people are slamming the Trump buys across the board on the they're buying a dip, they're buying a dip. It seems like our French whale and everybody else is. So this French whale is it's. Back to 6040. Wow.
Yeah, it's 5743 on Calci and it's 6040 on Polymarket, and I don't ever want to hear that Polymarket is Republican bias because there was a photo of Shane Copeland with like Tim Walz going around this weekend. It's not even a knock. I'm just saying I don't ever want to hear that is a bias on the polling market side. Yeah, To be fair, I think that kind of that kind of saved it if I guess, I guess if well.
I don't look like if you literally just search it like, you know, I don't, I don't want to hear it as a bias anymore. It seems like, you know, it seems like he was at the campaign fundraiser in New York on Monday night. You know, hey, if I was him, I'd be playing both sides of the of the corner anyways, because, you know, he's got a lot of business, right? So, so it's pretty smart anyways. OK, so look, we'll see what happens on that front. Tyler's boots on the ground.
Any you're not in a swing state, are you? No, the opposite. In a state so we'll. Sign the state. Yeah, we'll get. Logan on tomorrow. Logan should come on morning tomorrow and talk to us from the Swedes, yeah. Logan's in Pennsylvania. I actually. Weekend in North Carolina, two of us the two most important swings. Who? Who's there? He he spent he's visited some family in North Carolina this week. OK, so let's get, let's get, let's get.
No, there's not a bias. I'm getting texts saying there's a bias on prediction markets. You are wrong. There's no bias on prediction markets. OK. And if you think there's a bias in, take the other side, take the other side and and put your money on the US anyway. So let's get Logan on tomorrow. We'll we'll have an election special. You know, I got a blue hat, I got a Red Hat. We'll see which one I wear. Would you guys, would you guys Co host with me if I wore a MAGA hat on the show?
What's to think about it? Would you close with me if I wore a Kamala Harris hat? Oh. Man, I haven't seen one of those. Actually, do they make hats? I don't think they do. I think Trump's got the the political hat market. Yeah, I think he's got the political hat market cordon pretty well anyways. Alright, let's move on from this stuff. Tyler, top 1000. Let's see what you got. We just covered it with the top
story, folks. If you haven't heard it yet, Trump does lead 60 to 40 on Polymarket right now, just one day ahead of the election. All eyes are on that. Bitcoin ETF saw outflows on Friday for just the second time in two weeks after just a several days of massive inflows. So we'll see what happens today. Ethereum researchers Justin Drake and one other was resigned from their advisory roles at eigen layer over conflict of interest concerns.
We've seen that eigen layer go down considerably, probably UBS. Lot of tokenization news here this weekend. Yeah, so UBS launched their first tokenized fund on Ethereum. It's called the UBSUSD Money Market Investment Fund. Singapore is set to advance tokenization of financial services via some regulatory headway. And then Citi and Fidelity have created a proof of concept for digital foreign exchange swaps on chain. So 3 big pieces of news on the
tokenization front. In AI news, we saw virtuals, they rolled out an updated AI agent launchpad where you unlock different functionality at higher market caps, one of those being sentiency. So we'll have to see what that
actually means if we get there. And then we also saw an AI agent tied to the AI16Z team make the its first autonomous token swap on testnet over the weekend that that token pumped on the back of that news in broader memes and NFT, these meme coin maters are green this morning, up about 1 to 6%. Doge is leading the way. We saw this meme coin peanut go absolutely nuclear on Saturday. This thing ran past $120 million in volume, one of the biggest single day totals I've seen in
quite some time. Though it has come back to earth here. We saw several AI memes start to rebound, lots of new zoo animals and then flaw getting all time high around 3:50 this morning. So flaws still looking strong and NFTS FOMO, Maggies dominant Solana, This one wasn't on my radar. They jumped 90%. They're at 49 sold. They flipped mad last. They are now the number one NFT on Solana. So we'll have to take a look at those. Ape chain NFTS briefly soared over the weekend, led by this
Monkeys collection. Several ape chain collections up triple digits. Jpeg's got fun partner with Tensor to create a pump fund like platform for NFT launches. So now we've got a pump fund for NFTS Rectrix sold out all 222 thousand of its cans under 48 hours. They also announced rewards season 1 will end tomorrow at 5:00 PM Eastern. So make sure to to lock in those season 1 rewards and then some breaking news this morning, Magic King continues to to lean into token training as a big
part of its future. And they also included the concept of a launchpad. So it looks like they're going to be a token launchpad here in the near future as well, and that is the. All right, this is a lot. Let's start with peanut, OK? I was like, you know, I woke up on Saturday morning. Literally the first thing I saw when I opened my eyes was a video of that couple on TMZ.
It was the first thing that that hit my timeline when I opened X. That's what I do, wake up in the morning and check X, right? And and I was like, well, there's probably going to be this peanut token we talked about yesterday. It's probably going to pump. Obviously did nothing and then went to $100 million, Tyler. So we're like what, hundreds of millions of dollars of volume in the 1st 24 hours. I believe it was 250 mil in the first day. Did you guys catch that? Did you guys trade that?
Did you guys like get in and out of this one? I did. I had a nice little 2X in size like so the mistake I made. So I went to X to report on this when it was at 35. Million. Instead of buying and then I ended up buying like 30 minutes later at like 55, but I sold at 1:20. Oh nice, topped it. I I did top this one which is very rare for me. Wow, you actually top topped it. My, my, my idea was like, what else could possibly have happened to give it more attention than what?
Than what happened on Saturday? Like you had several Elon tweets, you saw it go around like every single news agency. Like I just didn't think it could. Possibly. What more can you get than this right? And he still is talking about it, which is wild. I mean, he's, he's like leading Trump's Get out the vote campaign. Wait. Liddy in his pin tweet. So I guess that's the bull case, if you're still holding your peanut is you feel like Elon's going to still come back.
If your peanuts are on the table, you know, I guess that's what you're hoping for. Mando, you got in and out of this one. Yeah, not not a full 2X, but a decent decent trade, just literally within the space of like 2 hours. Though I love that those are the best though, right? Because then you're just going to move on with your day. Yeah, like I texted you in the chat. I was like, hey, this thing's
going to run, isn't it? And then that was when it was at 60 and then it went to 1:10-ish and I sold it around then. So but close. Well done. I love that. That was a big story. And then he had this like Raccoon Brothers some shit. Yeah, there's layers to the story, like the the person who owns it, you know, runs an only fans. Yeah, yeah, yeah. I heard stories about that too. I didn't, I didn't dive into that, that aspect of the story.
And there was also the squirrel bit of police officer and the reason that they killed it was to get a rabies test. I don't know that that seems somewhat reasonable to me, but I'm not, I'm not going to. We don't need to dive into the. Killing their pets, Tyler. I'm not a fan of people's pets harming other people as as someone who has two young kids. Wait, are you? Wait, what? Hold on. I'm just kidding. OK, well, that was the story of the weekend. Honestly. Aside from.
The greatest, the greatest part about it was like it was a very viable meme at like 3 to 5 million the day before because the story was out there. It just wasn't viral. It's true it wasn't viral. And then the Trump e-mail went out right. Yeah. Like I remember seeing the e-mail that a friend got because from the Trump campaign, like if you subscribe, like you just get Trump's emails like whatever in America. And it had the peanut story and my friend wasn't sure it was
real or not. He was like, is this real? I'm like, I think it would because it sounds like something he would grasp on, like it's memeable. Yeah, I don't know if he ended up talking about it at the rally or not. I know a lot of people thought he would. I don't think he did. And I think by today, like we we said it was like, oh, this thing's going to last today. I think we all agreed when you, me and Amanda were talking about it in the chat. Oh, this thing's going to have like, 24 hours.
I mean, it reminds me of Lucy, right? Like, where's Lucy now? Let's look at it. Yeah, it's done. Yeah. I think, I think one of the takeaways here is if you were trading memes, these new like viral memes. Momentum memes they've. Got short shelf laps, like when they go on these huge runs, like you've got a handful of days for the attention to spike and then they're probably just going to bleed out. And like it's not enough time for like a cult to form around it.
Or like true holders who like love Luche or love the peanut meme, right? Everyone's just playing to try to hit these scalps and then the dust settles and we'll see what's left. But I mean, it's possible, right? They could come back. I don't know. I I'm not super bullish on on either of these in the midterm. Yeah, same.
Definitely not. It definitely took some steam away from my coins, but it's OK because they're all bouncing back this morning because that's the again like, you know that cycle we talked about last time with Luche, but we talked about it with Mudang, something like how like people rotate out, AI made a sorry and rotate back in and here we go again.
It's Monday morning. You either made money on Peanut or you most likely lost some money or broke even for the 99% and now you're going to rotate it back into your coins. If you're lucky, some of them are lower and if you're unlucky, they're higher and you're buying back your bag higher. So there's that. Why is someone sharing? Yeah, like the whole Maraud board is green now.
The AI meta is rebounding. So basically it was a huge liquidity stock, everything bought out and now we're starting to see people go back to the more, the more tested. Someone just shared. Did he just retweet that? Is that why? I don't know, Someone just shared a GCR link but maybe he just retweeted something because I'm trying to see what he's sharing but I don't know if I can copy paste this in my shit. No I can't. OK, I thought GCR tweeted or something.
Yeah, I don't. Know I oh wow he did 4 minutes ago. Holy shit GCR is back. Hold on, hold on. We must stop everything. First time. Hold on, hold on. GCR is back. GCR is back, ladies and gentlemen, JCR is back. It's just in rug radio. Breaking news. All right, well it looks like it looks like GCR has made a comeback on the on the timeline with the tweet here. My many on CT have not been alive in 2000, let alone old enough to remember it.
Although it is common to believe your vote doesn't matter, perhaps a very quick history lesson in order is in order in the election for the ages. The final outcome of the 2000 election was decided on the mere 537 votes, 448.847% to 48.838%. Although it is unlikely to be close that close in 2024, I would still encourage everyone to get out the polls and vote, whether you're voting Republican or Democrat. Wow, GCR asking the people to to vote and then sharing a link to
this video here. Good grief to the famous, you know, George Bush, Al Gore, presidential election, 2000. Yeah, yeah. Interesting. So he breaks a three-year silence to tell people just to go out and. Vote and he no, but he then he just also retweeted a tweet which is he retweeted himself here saying one of my highest conviction trades Trump 2024 that's from three years ago massively illiquid on FTX. So we've been accumulating via Alameda OTC and other sources
since $0.10. Biggest risk to the trade is a myocardial infarction, but otherwise program for $0.65. Interesting. Yeah, I mean, it's hit 65 multiple times. So, so I mean, he he's right about that. I think Hoax expects him to be one of the larger like Trump betters. I think he's a large holder of the the Trump token though. He's he's sold like half the position, I believe. I haven't really been following. I haven't, I don't follow GCR's wallet but someone in here probably does.
But GCR is back y'all. This is going to be an exciting time. Kobe's tweeting GCR is back. Let's go. Kobe is tweeting, GCR is back. This is like, this is like, this is interesting. This is going to get like, you know, this is going to be an insane 24 hours, dude. Are you excited for the next 24 hours? I'm excited. I'm a bit more nervous than I was, although like ultimately I'll be. I think I'll be fine with both outcomes. We'll be happy to move past.
I'm hoping it's not I I just hope it's not super close. I I would be happier with a landslide either way, I think than than like a contested election. So I'm hoping it's not, it's not too close here, but I think what's more exciting is like to move past this and it feels like like it's the cycle about to start for real. Like everyone's coming back, like everyone's laying out their huge Bitcoin targets and this is the last thing in the way that.
Check this out. I want to on that note, I want to show you this chart that rookie shared and rookie's a pretty good trader, right? This is the closest we've been to prior cycles at all time highs before presidential election, Presidential election. I'm betting on this time not being any different. We're all going to make it. So listen, I personally like I really believe in cycles.
You what do you like? I think a lot of people are saying, you know, the whole this time is different goes both ways, right? And I don't believe in that. This time is different narrative. Like every time we see this time there for coin, this time is different. We always get wrecked. Why would this time like be different here? You know what I mean? Yeah, I mean that the cycles are tied to like the, the miners as well, right.
And like I, I've never been like I'm not super deep in, in the technical, technical details of, of how the cycles work. The the miners have huge supply and then the, the amount that they're generating gets cut in half. They have six months to sell their their previous holdings. Then they just kind of run out. So that that's typically when we start to see the pumps. So that's how I understand it, a large part of how the cycles play out. I'm sure there's more to it than that.
So I think that's why they historically held up. I do think when the minor allocation to Bitcoin gets smaller and smaller in the future, perhaps that the cycles go away. But this feels like a cycle set up. It really does. And I think it's all going to play out.
And we talked about last week, but there's more and more signal from some of the smartest investors in the world that inflation is coming and Bitcoin is one of the is one of the single best inflation edge plays on the board, I think. So the Bitcoin's going to be great. I think the question, the open question right now is how, how's the rest of the board, perhaps there's more impact there, you know, for her wins like and we we kind of talked about that in
Mando's section. Yeah, we'll see how the rest of the board acts. I'm waiting, man. I'm waiting. Oh wow. We also get open sea breaking news now. 4 minutes ago. Yeah, look at that. Everyone's breaking. Yeah, a new open sea coming December 2024. Interesting. A new open sea. 4 minutes ago. What could it be? If there's no token, I don't want to know. I was going to say that.
Can you imagine a scenario where open C just says fuck it we're going to warn everyone based on historical trading activity? You're token a lot man. I was expecting the open CNFTS come into something. Like that hold on hold on what a missed opportunity hold on hold on hold on hold on all right I'm fixing that open CNFTS all right dot, it's out it's live all right let's go fantasy top card holders fucking send it I'm. Gonna start it too. Oh, no, I forgot to enter this one. I didn't.
Maybe I did. I usually do it on the weekend, did I not? Oh. Fuck, well I played you at least so I'll be benefiting. Well, good for you. Good thing for you is I'm here. I'm just waiting for the fucking OK to be able to post my 20 Fidel interview so. What would open season ask? So I mean, hey, I'm excited for them, right? I think a lot of folks have been wondering like, what have they been doing? So maybe they've been building in secret, right? Like they've been quietly
cooking. All right, so Devin Penzer commented, We've been quietly cooking at open C to really innovate, sometimes you have to take a step back and reimagine. We've built a new open C from the ground up. Wow what could do you think they go the magic eating route and it's more like leaning into like the. Prospect, I usually know this shit. I have to admit I don't know this shit this time. This may be why they were trying to get in touch with.
Me. Yeah. I mean, let's get Devin hung in the near future. Fuck it, Devin, come on, you've welcome in I mean always, right, the big the big exchange stuff we we host always like magic Eden, open C and the other big centralization in crypto. OK, I don't know. I don't know. Let me let me follow up on that actually, but but we'll see. Maybe it's so yeah, someone says Solano support. I swear to God if it's just. No, surely, but there's a wait list though. Let's go on the website like
there's a what's the web like? There's by the way, this is very cool. I have to say, iconography wise, like everything. See, I can like, you hear that, You hear the song, you don't hear the volume thing. I hear it, but I I can't tell what it is like. I hear there's music. Whoa, I can play with the boat. OK, this website's well done. I'm directing the boat. Look, I go right, I go left. Wait, let's go this way. OK, This is website 6. Fuck. Let me just see that. Hold on.
Oh, oh, oh, oh, wait, wait, wait. I have to connect a wallet to go to the next step. Hold on. Hopefully this is not a scam. Right? So. Hopefully you don't get rugged in real time. Just make sure they're not hacked. Just make sure they don't hack. No, it looks like it's real. This is wild. Everyone's saying when token every single comment. I imagine, I mean you were pretty deep in all this. I imagine your your lifetime open seat training volume is pretty high.
Like I I did 8 figures. Fucking crazy. So I mean, I would a token me great. I I feel like this isn't going to. Be crazy. Yeah, it's. Going to be a new Launchpad man, I I've got no idea what what it's going to be really. Well, let's spend some time thinking about this. But exciting news. I still like the open C browsing experience is still better than most of the other most of the other sites. Yeah, yeah. I guess we'll see. What lots of breaking news, lots of breaking news this morning.
So which let's go back to what you had planned for us because it's UBS news actually for Ethereum, you know, and for the cryptocurrency in general, I thought was massive news that came out late last week. The tokenization is yeah. So I I wrote about this this morning for the for the newsletter. So UBS 5.7 trillion management so that they are a true giant. They launched the first tokenized fund. It's called these names are they need some help with their naming.
But UBS USD money market investment fund token, but it's abbreviated you meant you meant is a good acronym. So we'll give them credit for that. It's built on Etherium. It's available through their distributors. They offer institutional grade cash management backed by money market assets. So it's like your your bonds, it's your low risk assets, but you can now buy them and trade on chain.
It comes from their digital asset arm, which is called UBS Tokenized. So they do have an in in house tokenization service. They offer full life cycle support from origination and issuance to custody and again, focused on bonds and funds. So all all the banks are building this out, I feel like. So UBS just launched this product. We also saw the news out of city and Fidelity so that they're showcasing cutting edge forex swap technology using tokenization for faster and more
efficient trades. So that's the that's the headline. I mean, that all makes sense. Like to those of us who are, who are in the, the weeds and, and using these crypto products, we know how much faster they are. You know, how much cheaper these types of trades are than, than what you have in traditional banking. So it makes sense to to use blockchain.
And it seems like I feel like a lot of these announcements are coming out of the conference going on in Singapore and in Asia. So maybe we'll get some more here this week. It feels like it was a busy weekend. Wow, Yeah, this is this is really, this is really starting to come together nicely. We have such a nice set up for like a freaking incredible bull run at this stage about 5 minutes ago.
Again, like this is like, but it's just little, it's little things that keep adding up. It's like first state pension fund buys ETF, like more Ethereum news. Maybe that's pushing it. Maybe that's what you're talking about. That's, you know, state of Michigan. Actually, I wanted to talk about this and maybe we have a longer conversation with Mando tomorrow. We. Should, yeah. Jurassi, Nate Jurassi, he's one of the the ETF, yeah, folks basically says he thinks the ETF
bid is coming. He said he thought it would be slow, it would take some time, but he does think it's coming, which if you're, I mean, if we we've dunked on it. But like this is an important viewpoint. And if you wonder like what it is full case for ETH here and this is one, right? Like if the Bitcoin ETFs just, you know, reached 30 billion, 40 billion, it's not a, it's not a wild stretch to think they're going to start moving
downstream. I know we said that Solana could be a good trade on the back of like a Trump win, which I agree with because the like that narrative is heavily like all etcetera that were labeled securities and removed from rubbing that Solana was one of them. Let's be honest, right? But I hate to say it, but I think it's theorem going to be a fucking great trade too, bro, because it's just down. It's the most biggest. Suno's up 60% year to date. Bitcoin's up 60% year to date.
Oh, Devin answered December can't come soon enough. But but but then you have, you know, then you have, then you have, then you have a theorem that already has the ETF. Maybe we're maybe we're going to flip to 8 balls. I'm a money bowl, brother. I, you know, so I don't know I. Mean ETH, something to watch. It's definitely, it's definitely something to watch here. I think if the ET, if the ETF inflows start picking up, it becomes a very interesting trade. It could be also.
Good for punks. I was going to say, but not just punks like ETH eco means Pepe would finally cut like Pepe has been performing versus the rest of the market, meme corn market heavily, right? Like it's been heavily on the actually it's not even looking that great, right? So it's like it's like you're looking at Pepe. It's like 3.35, right? At some point, of course, it bottoms. Probably around here. So bad you had to take your lines off.
Yeah, literally. But you know, probably on the like this is this is around just this area, right? This area is like usually where it bounces. Then you have MOG. How's MOG looking? I'm scared of pulling it up here. Oh Oh my cup and handle still in full motion. Yeah, our cup and handles are still wet. Broke the fuck down, let me tell you that. Did it. I just was looking at it all weekend. But mog, but punks, and we're
talking about L2's. I don't know if L2's are becoming a good trade, but the ecosystem on them starts, you know, coming back to life, which is super important. So we'll see. What are the top of tier of MU coins? SPX? What's SPX at 6:49? So SPX and Mark are really trading together at this stage. Nero maybe? Maybe what? Mudeng's on Salon. Solana Nero's got all the listings too right? At this stage they announced Coinbase futures if Nero bottoms
is here right? Or bounces, same as Pepe here, previous highs, but again, I don't have any positions in that one. I completely missed out the whole thing, but I don't know we'll see. I'm curious about that. We should talk about theorem tomorrow, see what's up. But every time I look at theorem, I want to smash my head against the wall. So I'm going to I'm going to wait for for tomorrow anyways.
No code today. We do codes Tuesday, Wednesday, Thursday, and Friday. Y'all, as you may know, codes are four days a week. We don't do giveaways on on Mondays because we do four week. But yeah, I think Tyler, I think that was a good. I think we went around the horn. I think we're good, right? For sure. Perfect love to set. Well, big day tomorrow as the elections open. We'll have we'll talk about it
again tomorrow. We'll see you tomorrow morning, 10:00 AM Eastern. Setup time for the episode of Formal Hour on rock radio. Let's go.