BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar! - podcast episode cover

BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar!

Nov 01, 202449 minSeason 4Ep. 231
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Episode description

BTC drops below $70k, $500m OI wiped out. BTC ETFs top 1m BTC held. Coinbase falls the most in 2 years. Tether reports $7.7bn profit, holds $100bn treasuries. Franklin Templeton tokenises fund on Base. Trump’s WLFI cuts fundraising target by 90%. Stablecoins should be replaced by CBDC: Treasury. Prison guards asked CZ for token tips. BTC & gold win with Trump election: JP Morgan. Expect friendlier regulation ‘regardless of election’. CryptoCom gets license for stocks in US. Gotbit founder indicted for wire fraud. Venmo can now be used for Uniswap trades.

Transcript

Yo-yo, what up? What up? Good morning, Good morning, GMG Friday. Woo Friday. Move Ember. Who? Wait, wait. There you go. We call it move Ember. I don't know. Hey, it's like what happened. See that could be a lot whoever is like who and all these guys are like turbo bull posting Mudang. You should just make this move Ember. I sure, sure. I can't be the only one that's said that. Tyler. Wait, did I just come up with that? I think you did. I haven't seen it.

I. Haven't seen any Mudang I. That's sad. You should. I may just buy some and just run with the move Ember narrative online. I mean this is I can totally tweet about it and bull post the shit out of it. It's got futures. It's still a billion dollars of perps on Binance today. I. Could talk to you Dang narrative right now.

Yeah, I mean, technically speaking I could Max be be Max beating Mudang and Max tweeting about it and I can start what I want because this thing is so big already, right? I think that's fair. The Lisbon cabal has been all over it so. The lesbian cabal has future lesbianer lesbian lesbian. How do you call someone? Lesbian. How do you call someone from Lisbon? I actually. So anyways, let's all go there before we get cancelled on the show on move Ember. So move Ember Moon Vamber.

Sorry, 1st 2024 four four. Look at that. Another beautiful thing. The chat's so funny. A beautiful day. I got. I got people just sending me like laughing emojis and shit like crazy on the chat. Yeah, I see Bandit like. Yo, Ben, how do you call someone anyways? Do you know what they call a quarter pound of cheese in France? Oh, Roy. Yeah, sorry guys, I've just anyways, it's Friday. I'm like my I don't I I'm just brained out dude.

I like I worked really hard this week Tyler and still their entire team, but OK anyways, I got my Co host in the house. Tyler, Tyler, Tyler, how are you doing today? Good morning. I'm good. It was a successful Halloween night. The kids got loads of candy. The parents had some fun. They're all school. So now apparently American schools are just taking off on the day after Halloween, which is which is All Saints Day. But so the kids are home, but

they are, they're busy. We're gonna hope they don't make an appearance on today's show. But we're feeling good headed into November. October lived up to its name, and I think we're gonna see September as well. Even if we, even if we brand it Movember, I think we're going to be moving up. Yeah, I'm just, I, I feel like I have to, I, I feel like I have to tweet Movember. Like, I just like, like, like I got to put on the chain, you know, hold on. I, I, I, I have to, right.

It's so funny that I, I don't even own the single coin, but all right, fuck it. There you go. I just, I just had to cement that real quick. There you go. Yeah, for those get in the stream. I love that. I love that. Wait, hold on. What's the intern? Lisboetas. Interesting. I never guess. I wouldn't have guessed that with 1520 guesses. Never the same many lis buetas as the people Lisbon are known professors seem to have Yeah. Anyways, happy all of that for

everybody. It seems like it's a it's a national holiday. I thought Mendel was joking yesterday when he was saying it's a national holiday in in Portugal today. But I forgot that it is because when I was school in French school from France, we had I was telling, I was telling Tyler that we get 2 weeks off. I mean, see, I told you he was fucking around. I told you he was joking. I know this is really like my crypto fucking husband slash wife.

Like this is my crypto. Like I I spent the last 800 mornings with this guy, 900 mornings with this guy. Sorry. Man don't be sorry I I was just telling so Tyler doesn't know the the text for understanding joke and I think I get some more when it gets it. Even Sims fell for it. That was the disturbing alcohol days in the in in Portugal, if I took it would be I wouldn't barely be at work. Question for you, Amanda. What did you call someone from Lisbon? Lisboetta, OH. My God, that was.

You knew it. Tyler thought he was a lesbian, but no, he didn't. I'm kidding. Also between we're still in the introduction part, actually, man, because we're talking about the fight. I just came up with something today is Movember first Get it? Wow. Yeah. That's that's what you've missed. You should you should you should run with that narrative in my opinion as a as AI don't even hold any mudang. But I like the narrative of move ember so I I may just have to buy that. What?

No, no, that's good for Mudang. Yeah, that's true. Move Amber, and you make it all month, right? So anyways, tell the show today, today, God, everybody has their mission today to just Get Me Out of track. But you guys are just like everyone's just keeping me out of focus this morning. This is insane. Anyway, it's another show today. Oh sibs, my God, daily market report as usual, crypto, all that good stuff. We bought them yesterday. Yesterday was the stone cold

bottom of the market. You're never going to see these prices again. I'm sure you're with me, Mando, that we haven't talked about this back end, but we're going to talk about it now. Tyler's top 1000. See what Tyler has in store for us. Robin spin today. Someone's going to win. I feel like today's going to be like a sprudo win like it's just bent meant meant to be right. Sprudo win in honor of yesterday's WIC on on ticker Bitcoin actually.

And then last but not least, this show is powered by Galaxies with seamless built in monetization tools. The galaxies enables development of sustainable long term communities, fulfilling Bitcoin's vision of decentralized freedom and independence from centralized control. And without further ado, Mando, talk to us about this market. Can you dig it? GM yeah, I said not to get shaken out yesterday. I felt like it was we're just going to see this chop.

I think we'll probably see at least one more chop by the way, before the election or the day before and the night of like don't be surprised if Bitcoin heads below 70 KA couple of times. You are bound to see some volatility here just because of the impact it could have on crypto. And I think a lot of people have rushed into this late crypto trade, particularly Bitcoin. So, you know, you could have some panickers in that sort of

world, I think. So, yeah, be very, very wary that we're going to see volatility now. I do think it's it's a, it's still going to be bullish no matter what happens. Even if Kamala wins, I still think we'll have a dip. And then I think we'll we'll actually rally back. But yeah, we'll see.

We'll see what happens. I think it's the time to buy good coins on bad days rather than chase good coins on good days because I think you'll have an option, You know, you could have bought a lot of different coins that are running today, down a lot yesterday and I think you'll have to do that again. So that's the way to make money in this market. In terms of what specifically happened, we just have NFPS which came out today, which was slightly. Euros. But it wasn't, it wasn't like a

craziness. Unemployment stayed the same. Think it probably nails on that we're going to have a rate cut again next week. We have the, we have a FOMC just after the election, right. So it's going to be a little bit volatile after that as well. But I think odds on they're going to cut rates one more time and it's really just if they cut them in December or not. We saw Biko dominance is still hanging out just above 60%, although you do have a bit of a

rebound in I think some. Is Solana the the best of the majors right now? Yeah, Solana's the best of the majors probably makes the most sense, but Bitcoin at 71, you know, solar Neath have definitely underperformed since it was last at 71. It looks like mean coins came back relatively strong. That index of of means which I like fog Mog, Ludang, goat all had decent bounces.

Fog actually hitting all time high actually looks like right now definitely some bullishness around that one and then some of some of the some of the murab memes have bounced particularly Retardio. I do think that this this there was a big sale of the ticket Bitcoin yesterday which I think will scare people a little bit because this is like classically what the risk is for these coins is that they haven't got that many holders and when one person exits it can be really messy.

I think it dropped like 50% in a Wick yesterday. So yeah, just be wary of that. Like I think that will make people think a little bit around those coins, particularly the ones with low numbers of holders versus versus market cap, which is kind of his whole shtick, right? So that was that was a prime example of how it can, it can go slightly wrong. I mean, you'd never really see a candle like that in like Pepe, for example, or or I'm trying to think which ones have big, big holders.

But like with you don't see handles, right? Whereas with these, with these coins, oh actually every single one of the ones on his list, it can. Be like that that was a candle that was a crazy candle on that on the on on Bitcoin. That would that I'm sure Tyler was going to talk about it the retarded one also this morning similarly, but on the other side felt nice. That's the one question for you man up. We got a lot of the data out of the way.

I think this week was a heavy macro week, right. So now, of course, it's on to the elections, right, and he said FOMC right on the back of that. It's going to be an exciting time to to watch. I think this weekend's going to be really fun. I can't wait to I can't wait for I think we could go back to near all time high this weekend. But question for you guys actually is, do we want to it's November 1st or sorry, move

Amber first. Now, do we want to make some calls of how where we see Bitcoin, Ethan? And you know, you know, I like that. I like that, but not in the year, but in the month. So you're looking at this for Bitcoin here. I'll I'll show every chart. So this is the monthly Bitcoin chart. What do you think you guys give each go? Like what do you guys think? Yeah, I, I think, I think Bitcoin AD just up just above ADK would be a nice, I think it's going to pick up pace

towards the end of the year. That's the other thing. I think people are going to start to think of the best trades into 2025 even if Trump gets in and I think Bitcoin will be seen as one of them. I also think altcoin, I do think Bitcoin dominance could go down a little bit. So I do think you could see an outperformance here at Solana and ETH for the first time in, right, which is kind of what I

was saying yesterday. I think you can call it both ways, but my gut tells me that Bitcoin dominance having just been up only in the most steady looking chart since 2022, maybe even longer. Actually, I think could be, could be. What? What price? What do you think? What are we thinking end of November? Well, if Bitcoin's at 85, let's say that's up 20%. So I would say Solana could be at 200 in that world, maybe to 10:00 to. 12. Maybe that puts it slightly.

Maybe that puts it like about 200, yeah. All right, Tyler, what do you think? He, he, he took my prediction. I was going to go the 82 K to 85 K range. I think we'll see one of the months where we'll see like the 15 to 20% move and another month we'll probably see like the 10% move. How I see Q4 playing out. I feel like November is more likely to be the explosive month. Yeah. But it might depend on the election results. Yeah, could be done with that.

I love how you guys both just skipped Ethereum. 25202520 is my ETH prediction. It had a red month, which is wild. 520 on ETH. I feel like every time I check the ETH price is 2520. Oh, true. It's such a price, 2520. It's such a mean price at this stage. What do you think, Mando? I really don't know with ETH could outperform. I do think it could outperform for the one again, one of the first times here, but I also would be completely not shocked

if it didn't. What I do think is that other altcoins will outperform Bitcoin if this moves, because I think people look for, well, this really unlocks this tokenization and a lot of that is happening already on ETH to a certain extent, like you saw another yesterday tokenized on ETH by Franklin Templeton Clark. Bought ETH yesterday I. Was going to bring that up. I know you were because it it, we were talking about it yesterday, but BlackRock

acquired Ethereums yesterday, guys, $50 million for it. It's pulled. Up I mean, it's it's worth it's like I I, I take my chances to to dunk on the ETF influence, but have to have to give them the shout out on. Love. Exactly. See, I appreciate that about our show. We're we're capable of that. It's right there. I haven't been tracking super closely, but that feels like one of the biggest numbers we've seen like since launch. I believe so, actually, Yeah, I believe so.

It was so, yeah, it was so strange. They won, They won. Was big, right? They won. They won Bitwise one big. Bitwise was the number one. I think it was within the 100 something $200 million. But yeah, I mean, that's, that's probably one of your best, yeah scenarios, right? If you're if, if you're an ET bull here is that the the ETF turns lagging and perhaps it starts picking up a bit. All right, let's see. I think I was thinking about it

earlier talking about the boys. I think like 84 K, So I agree with you guys E 285 range then. So a lot of probably like 2 O 5:00-ish and the month and then after that, I think that's where we really like cross the all time high. I don't think so on cross all time in November.

So I would like it for my bags like 2O5210 retest and then Ethereum. I actually think 2750 ish because that's like a 12/10 ten 12% month after red month could see that unless you have a Bitcoin ETH Bitcoin reversal. But. If there's any time for it to happen, it's after this election. If Trump were to win, that's he. Yeah. I think the only time I can imagine this team is reversal. So maybe we do cross 3K like maybe the. I mean, we yeah, yeah. What's the guess who's going to

be in office, right? There's a world where ETH does outperform there and the reason why Solana has these unlocks in Q1. So E becomes like a slightly better trade fall back tokenization angle into Q1. And it's worth like this would be so good for the ETH memes. So, so like I, I, I really want like, you know, you taught me theorem reversal, like Morgan Pepe go crazy, right? The weirdly again, there is a world where memes don't do as

well. Yeah. Yeah. Because because you have this all these utility plays that suddenly become more attractive and a lot of people there, there was a big, I think there was a big piece about it like a week ago being like meme coin dominance could it could go one of two ways because yeah, you'd some bored people and people want to own memes. The other thing is that suddenly crypto has the opportunity here to be something a bit more. I'm not of the view that like

meme coin dominance really. I think it will probably keep on going higher. But. There is a world where that could happen. No, get it? So I, I think you guys are a little underweight Solana in a, in a world where Bitcoin goes up 20%, like I think slot probably moves like 30% or or more, it's like we could see that 225 plus. Yeah, I mean that I'd love that. What are we looking at? Like this is this monthly is

insane. I mean, I, that's what I'm thinking like November, you finish here like in this range here, right. And then the month after you push. But that'd be great. I think in the world where like Bitcoin's 85K where Solana what 220 2/10 something. Yeah, it's the obvious next trade. Also, you talk about alts, I mean radium. I was just looking at the radium chart. It's up 100% this month. It's one of the best best alts in the board. That is wild this radium, it's Jido, it's Jube.

I think what are the Solana like utility if people don't want to play meme coins right? Because that's not for everyone right? It's like. Camino radium, Jupiter. Wow, what a year. What a year for radium. I mean, every single coin that gets bonded off pump fund ends up on radium. Like radium is like you, you, you, you know, you sign the

shovels, right? That's what you that's what you're betting on. Well, yeah, this is the the whole point about a lot of these DEFY tokens is they're governments tokens and there could be a switch to them being something a bit different. The the real bullish case for for and there's been a few like fights along this angle. Uniswap debated it for a while, a few others down that route. But like a lot of this Defy is happening on Solana.

So in some ways I do think some of the Salon Defy coins might be even better than Solana into those unlocks. Interesting. I'm just saying that like. Yeah, yeah. Those because I just, I just know what the tape's going to be like in December and we're going to hear a bunch about it. Yeah, Solana ecosystem, let's look at it right the category here on on coin market cap, Yeah, where is where are Popcat and in a world of Solana above 210, I'm like bugging. I don't know.

Actually. I actually don't know. Hopefully with four popcat like 2250, yeah. Let's go OK with or popcat 250 if with if. Popcat 250. If whip is 250, pumpkin is 250. I'm happy for public eye holders, but holy shit will I will I be worried about about the whip back anyways. All right, well, let's move on to today's topics of the day. Tyler, it looks like your kids are trying to bug you here. They should come in with the introduction for you.

Do they know their daddy has their own introduction on a, on a, on a big morning show? Do they know that? They are just running havoc around my house, so the show goes on. Top story on the day, Trump's World Liberty Five team, they've cut their fundraising target by 90%. Massive slash down to 30 million from their original goal of 300 million at a $1.5 billion

valuation. In other negative news, we saw Immutable receive a Wells notice from the SEC related to alleged securities violations for its IMX token sales in 2021. On the lighter side, Tether announced 2 1/2 billion in Q3 profits, bringing his 2024 year to date total to 7.7 billion. They are printing over at Tether, quite literally. Moonpay announced that Uniswap users can now buy and trade crypto directly from a Venmo on ramp. I actually downloaded the mobile app I I saw it myself.

That is a slick onboarding experience there With Moonpay and Uniswap limit break their back. They announced a new version of Wii called Rap Native. Which consolidated to just one address across EVM chains, offers more gas efficiency and UX benefits to devs. Vanek announced that they have invested in another Web 3 gaming play called Gunzilla Games. The creator of Off the Grid and then Franklin Templeton has brought their on chain money market funds to base, so now live on base.

In protocol news, Nifty Island's play to AirDrop campaign ends today and then folks will be looking towards that AirDrop. Grass announced stage two of its network indicating more rewards and product features are coming. Zurkit announced that 2% of its ZRC tokens are going to be fair dropped to Eigen holders. So a lot of the token AirDrop news there timed out. Fun announced they are moving from base to Solana.

They highlighted the differences between the two chains and called Solana more real world in their move. I'm sure we'll pull up that tweet here in a minute And the meme and NFT sector we saw Vista, the ether Vista coin jump 40% to 52,000,000 in a new all time high. That's the pump fun over on ETH, Coinbase added Nero to its pert future, so maybe we'll start seeing Coinbase list the tokens here, ticker Bitcoin. Mando mentioned it.

It briefly crashed after one holder sold 3,000,000 plus tokens in a single clip, though it rebounded pretty quickly. Retardio giga lean. The Mirad means flog at all time high. This morning we saw Meme Land tease the launch of a new pain token that it's incubating. And then I don't I don't think we covered this yesterday. Pudgy Penguins are launching a mobile game called Pudgy Party. It is coming in 2025 on the Mythos chain. So shout out to the Pudgy team. And that is that's the roundup.

Wow, this is there's a lot going on. They also launched this new toy yesterday for Halloween. Yeah, I missed that one. It's, it's a really, really cool toy. It's the ghost. I, I don't do that often, but I texted Luca right away. I don't know, I just really want this. I want it from behind. I, I, I, I have to say, I, I, I don't play that card often. I did yesterday. Hopefully it comes through, But I saw the toy last night.

I was just chilling on the couch watching TV and I saw the toy, this one, and I was like, bro, I was like, I need to I need to I need to put it right here. You know it, it's got to go right there. It I mean. $1200 floor on secondary on eBay. Oh, wait. Yeah. Oh fuck. I mean, look at this. It's cool, right? This is like toys for adults, you know, like this is this is for us, like the kids get the little plushies and shit, you know, but but these are these are super cool.

I love them. They're like collectors, you know, So in the box box, everything's great. So anyways. I actually had a picture of it up on my screen and my daughter walked over and immediately said like, what's that Like? They, the kids, are attracted to it too. I love that anyway, OK, so where do we even start? I think the time not fun cannot ties into that. We were just talking about the theorem, Solana, all that good stuff. So that was quite a quite an announcement.

And on the back of that Ether Vista was is, is that why Ether Vista brand? I don't know if there's a correlation, but give us the the update there. Yeah, if if we had the time dot fund, we. I'm getting it through. Yeah, I'm getting. Yeah, let's try to get that pulled up here. I'm getting that pulled up for you right now looking for it. Time dot Fund and folks don't know it. It's an app where it is it was it kind of was born in the

social Phi craze. You can as a creator or founder, you can effectively sell your time. Folks are able to buy and trade chunks of your time effectively like meetings with you, so they're tokenizing your time that they built on base. They're making this big move OX0 0X cause a brief essay explaining their move. I pulled out a a highlight here. The vibes and I'm quoting the vibes on Solana versus ETH couldn't be more different. Solana encapolates what the real world is like DJ and

speculators. Your average person. ETH feels like a bunch of philosophers looking down on the average person. I thought that was a notable quote, right? And and it seems to align with most of the the boots on the ground vibes that that I see, but not we haven't seen it as much in like the builders founders circle. So I think this is one of the first bigger founders that I've I've seen treatment like this. I think we we saw it when A16Z released their their dashboard.

That's still 80% of of builders are on EVM and Salon's only got 11%. Like honestly like that, that ratio feels off. It feels off. Yeah. And I wonder if this is just, you know, we're starting to see more and more signs of the the move to Salama. What do you guys think of this statement? Would you guys agree, disagree.

I mean, I'm going through Jesse Polak's by the way, we, you know, stream on video every day and it's usually a better experience if you're listening on audio, still append it. But what do you think? I mean, I'm reading Jesse Paul asking our receivers. It's a great response as always, right? But, you know, respect and support all that stuff. He says that, you know,

respectfully disagrees. Every day I wake up and build alongside thousands of builders, building the future, having fun and working together to make it happen. What what do you guys think about the statement? I think it all comes down to the user experience. So like I, I am active trading across chains. The trading experience on EBM is just notably different and worse it it's multiple clicks to do anything you want to do lots of bridging and everything on Solana is just faster and

easier. And I think that's where people want to, to do things. And Jesse's right. I mean, there, there are, there's way more builders on on EVN than there is on, on Solana, But I don't that doesn't really reflect where people are playing. So like if you want to go to where people are like that's, that's Solana right now. Yeah, yeah, no, of course, man. What do you think of the of the statement though?

Like you know that he says the vibes on it can be more different and he talks about how you know the ETH echo is more like look down the person sworn as the opposite. Yeah. Look, I think there's there's some truth to that. But I think that's also like a bit of a, it's difficult to say because I think part of what crypto was many like back in 2017 has slightly been lost, I

think more recently. And I think some of the like, I do think that like the E founders came in here with like a real view with like a long term, like we're going to build the the future of money view. And what people have really wanted is just like the best experience to gamble with. And there's kind of that attachment between the two of them at the moment where I think some of the older guard of crypto feels slightly disassociated with what people

are actually out here doing. Like we would just want the we just want to trade, trade memes all day, right? And like, that's what that wasn't what I think a lot of the original guard got into crypto for.

And that's kind of I think they're a little bit like disassociated with like what's been going on and feel as though they kind of look down on it on it because that wasn't why they got in involved in this by any means, whereas Salon has kind of completely embraced it. And I, I also think that the mudsling between the two of them though can be a little bit like

that. Because I think that a lot of the, a lot of the issue about ETH right now is that not that much has been happening or at least the price has gone down. And there's a lot of like mud sling slinging around like decentralization or, or the Solana going down and all this sort of stuff, which I don't think is a good look for ETH. But at the same time, it's tough.

Like I think Solana has got herself in a strong position as being the fastest, quickest chain and and we're all going to DJ in, but it's not necessarily the like the best Moat like you can always come up with. I think in 10 years time that's going to be something else, which is like the fastest, cheapest, the gamble. And I don't, whereas E they're slow, but they I do think it's going to be around for a long

time. A little bit else from, from my point of view, like that on the whole, like philosopher aspect of this, you know, I've seen the criticism that like, oh, this new wave of crypto people, all they want to do is gamble like no one wants to, you know, we used to talk about like what we're building. Look, we don't talk about it because like we all know like that that conversation is played

out. Like we, we know what Bitcoin is, we know what Ethereum is like there's no reason to sit here and talk about it every day. Like we, we talk about what's relevant and and new on a daily basis. Like it, It doesn't mean that we don't think Ethereum is the the future of money. Perhaps we think that that it it may have been overvalued. Yeah. Delivered against that that

vision. They're also like, it's slower cooks, like medium, of course, are day-to-day conversation, but like what someone's building, Yeah, maybe it's every few months, you know, you can cover it. And so there's only so much you can talk about. But it's interesting that they felt that way about about that situation. I'm not necessarily true, because I think Jesse box was answer was really good. But hey, I think it speaks to the state of the space that they

moved there. We'll see if it works. Didn't work out for for pack moon when they move their their community over, right, and those different and those different, different product, whatever. But hey, like it doesn't mean that, you know, migrating is is going to just like save your app, right? It's maybe about if people don't use it, they want to use it, right. If you have the right attention, the right people and they don't use it right. So like people don't use base.

I think it's the numbers don't lie there. Tyler, the other big news tether, I mean, just a few days ago it was tether FUD dropped, of course, was it Wall Street Journal or Washington Post? It was a Washington Post. A wipeout came for came for a good old tether FUD and Paolo Arduino yesterday updated us with some big numbers. Yeah, I mean, they're they're just printing over. There's a 2 point, 2.4 billion Q, 3 profits, 100 billion in U.S. Treasury exposures like the

growth number is what's so huge. So 30% growth in USDT market cap if you look at that. So like I think it it equates to 28 billion, their biggest competitor is USTCUSTC is only 34 million. So. So they grew this year by about as much as their competitors total size. Wow. So that and they're, they're the clear, they're the clear top dog right in size and it looks like they're just going to continue. He's got some more outlook for for Q4.

I think there would be no reason based on what we've seen so far in Q4 to think their growth is going to slow down. So that they look pretty strong. Yeah, this is. This is honestly just insane. They've got like 40 employees, Like one of the most profitable per per employee company in the world. Oh my. God, what a business, huh? What a fucking business. This is insane Anyway, so that's some good news on that front.

Quickly before I go to the next topics, Tyler's got for us to code today's Memes, Emmy MES memes raffle ball that it's very simple. Every single day we give a code during the show. You go to raffle ball that XYZ, you connect your X account and all you have to do is perform an action, usually follow us and you know, retweet a specific

tweet, yadda, yadda, yadda. And once that's done, you enter the raffle at the end of the show in the last five minutes around 10:55 AM Eastern, reselect the winner and then we spin. And then you can win anywhere from 2 grand to like, you know, 70 something K and I have a good feeling about today. Anyways, Tyler, what else? I saw the Venmo news for moon pay. It's big again. I don't think that we could go

too deep into it, but again. It's not much to say, but like I I'm a big Venmo user and now I, so I downloaded the app and I saw it. You can just, you have the Uniswap app on your phone. There there's four ways you can fund your wallet now. One of them is Venmo via Moon Pay. So it's getting easier and easier to to go Fiat to crypto here. And not only that, like Fiat to crypto, but fiat's like memes, Fiat to whatever else, whatever you want to trade is getting

easier and easier. Like Moon Pay. They've really been rolling out these announcements this month. We've got to give them credit. They're doing their part. Bro, moon pay is like in moon shot in Venmo, PayPal, fucking they are everywhere. I mean, it's like a virus. Keith Grossman, you're a virus. It's it's it's insane. It's insane. They're they're they're in everything. Everything's around Mumpai. Fiat to my bags is now available.

If you're in America and you're one of the 10s of millions of users, definitely rotate, you know, from from Fiat to my bags. Yes, please. It would be. It would be good. I'm I'm trying to look at how our ruins are doing. If they they, they, they are. Terrible. Actually, they kind of bounce in the back in the last couple hours, I feel. A little bit like so sometimes the match getting born can be can be misleading. Oh, oh, what do you mean by

that? So like it can be up in SAS, but like if Bitcoin is down, the market cap is still got it, it can still be red, but now bitcoins rallying. So those numbers might be a little bit more more more accurate Memento Mori just oh, OK, Mori rebounded. So it was down to 10 when I woke up this morning. So it's coming back up. Volume is way down. I think we need to see that new rooms memento Mori.

I think we probably need to see it run a little bit because if it was just a liquidity suck and then it goes down only and people are are down on their bias, that's probably going to hurt the eco because we we we looked at it yesterday like there's not new money coming in. So we need, we need folks to be in the profit to to be able to rotate elsewhere. So I'm not expecting like a cook weekend on the runes bar.

We would love to be wrong there. I think what what shocked me the most in the meme streets was this was Vista. So Vista, if we pull up the chart. Sir, on it I saw that fat pump. Just straight parabolic to 50 million. But it's not on the back of success of its memes. So if folks don't know either, they launched Ether Fun and it is effectively the pump fund of Ethereum. Yeah, it has gone straight up.

Now it's $60 million market cap, which it which is far lower than far lower than what pump fund would be valued at. Perhaps it got, you know, too cheap. But I looked at the Ether fund leaderboard and there's only one coin over a million, so like and very few even over like 150 K. So it's not like there is an explosion of interest in trading these these coins, or at least they're not having that much success. I haven't tracked the the user

data, so I don't know. I'm a little puzzled by this one. Wow. But a pretty notable move there. Do we know? So you don't know what caused this? No, yeah, that, that that's kind of my where I was going. So I don't really know. I. Feel there's something like Logan it's in Logan tweet about this shit Logan who's? Been covering it. Yeah, I'll see if he if he can ping us here. Yeah, surely Logan knows. He's usually listening to the show. Maybe if Logan knows, he can

come up here. But that is Ether fun. Yeah, I don't know, but that's something to look at. I mean, hey, if you believe that there's going to be an Ethereum reversal, maybe there's some stuff on Ether fun that go. This, this leading coin, and I feel like it's under 10 million, but I'll talk about because it's the leading coin. I don't own any. I don't own any it's called. It's just a picture of a a dog, so it's like a pup. Here we go. It's not the, it's not really a

great name. I feel like Clovis has been, he's been covering the price action. But yeah, I don't know what we've dug in on why, yeah, things are moving. So we'll have to. We'll have to dig in. Yeah, have you tried Ether? Fun man though is there an epic on? No, here I am. No, I I thought like this with Jing Taos played with him. I just looked through his tweets now and he's not tweeted about it once.

So what's happening? There, that's probably why it is pumping, because you think it's about goes the opposite way. Yeah. Damn, I I'm trying to look right now at I'm just trying to look like what? Like if there's someone or something like if there was something that caused it. It sure is. I'm just looking, you know, maybe some stuff runs on it over the weekend, so pay attention. Yeah, I think that's the take away too is like we might with this big of an influx we might

see. He says there's no good memes, but still basically don't want to pay attention. Well, maybe they'll pay attention now, Logan, so we'll see. But anyways, follow Logan and Lucky Trader because Lucky trader actually, you guys have been on all these little plays there. Actually, Speaking of which, how's Luna? Let's talk. Can we can we talk about AI for a second? The AI meta, because we haven't in the last few days. How's our goat?

I mean, it turns out, by the way, the terminal of truth is the 55 year old woman Mando. I think more people are seeing true terminals tweets now perhaps than they were like it. It always tweeted like this. But I mean, yeah, there's some just absurd so. Here, here's the latest one. This one was this one was absurd so I'm not going to read it, but where's the one where it says it comes out as a 55 year old woman? It was great. I sent it to Keyboard Monkey this this morning.

Where did I send it to KBM? Oh, here it is. Yeah, I found. It it's on, it's on. What's it called? The what's the app that we all fucking fantasy talk, right? Yes. It's one of the best. It's yeah, like I, I don't know, I think it's got a lot of engagement for life, This thing, this thing. Is yeah. Oh wow, 191,000. Yeah, it's moving GOAT. I mean, Goat's still consolidating. It's at 566. I think we we need to see like a

bigger move. It looks like it's still kind of been a downtrend, but I don't think that the huge surprise, it basically went up only for two weeks straight. So a little bit of cool off, kind of huge surprise. Luna and the virtuals protocols like that, they've been cooling off a little bit. All right, looks like it's it's pumping here. Exactly. At least virtuals has I think, I don't think Luna is a good trade compared to virtuals. Let let me put that one that

way. I think that's what the market's already said, right. Luna's at 2 was at 250 Virtuals. Is is kind of not far from all time high here it's 20% off 25%. Well, we'll rebound in Luna, but 50% off hotline is it hit 90 yesterday, but I feel like attention in mindshare has like gone to 0. Like I, I feel like I saw a lot of people talking about and now I've seen zero people. Nobody's tweeting about this anymore. And I mean, maybe the base cabal will will get behind it, but if

they don't I don't know who. Who else? Well, it looks. Like Coinbase is is is is getting involved in memes more? So you said today they listed Neero spots, Neero futures? Neero futures listed on on Coinbase, which is like that's a newer token, right. So it's. I don't know, they were quite to get the perps going on that one, huh? Yeah, they they really were. So you know, who knows, maybe we'll see Mudang from Move Ember. Dude Mudang from move Ember, where's Mudang at?

Let's see where Mudang starts. Moving the volume on Binance, right? Like how could you? Not see how's the how's the volume doing there? But oh also. Selling insane. Best place to see this? Do you know what's the website again? Either coinalise or coin. A glass. What's that one glass? So coinal Mudang here. There you go. Wow. Yeah, I was actually curious where you see the stats too. Yeah, it's a coinalize he all

sent to you. You should have the coinalizing coin glass in your in your bookmarks. They're great websites, by the way. So there it is. Oh, I change everything on here. Big action on on. Yeah, big. Big action. We'll see, I mean. If if you go around the rest of the horn and we talked about flog, it said all the time high, that chart is just unbelievable. Wow congratulations to the flog people like. This. I'm laughing because he's just

pulling off the chart, folks. If you're just listening, I get it is. It's the thing of beauty if you are a flog holder, which I am not, but man. This is insane. Reminds me of the Giga chart a little bit. Yeah, you. Know does that's probably where it goes, right. It probably goes to like the four hundred $500 million range and then perhaps just kind of chops there for a bit. It's actually quite similar. You probably need Giga.

Well, actually, I don't know. I mean, Fog's not on the Morag list, so it probably plays its own. What a candle Giga, by the way, on the daily. Yeah, I mean the the Maraud memes are are having a good day. Yeah, let's go quick. Quick, quick, quick, quick is up big Ritardio's at basically at all time high. They're all kind of knocking on all time high here. Ritardio came back out of no way and like look at this.

At all time high. This I, I felt good about this one when you guys texted like, yo, Ritardio's up and I woke up to this. Like, that was a nice thing to wake up to, I'm not going to lie. Like when I was at 93 mil, I was like, holy shit, it hit 200 mil. Yeah. Yeah, it looks like it's bounced off in a few times, but I mean, it's, it's a clean 2X in six days. Yeah, clean 2X in six days, 180 mil now Mando. The rest of them are rod memes

here. Let's just cover them quickly and then move on to the Arbitron updates so we can do a real bit giveaway. You're at 811 mil for SPX 787 mil for MOG, which is probably looking great. Giga 600 APUS, 243 Bitcoin Tigger Bitcoin had that mega red candle yesterday. Hold up. I've got some thoughts on that. What are? What are your? Thoughts here like gave it his word of caution and of course, like that is, you know, sound

advice. I kind of saw this the opposite way like I think how could you not be bullish that holder Bullsack Hitler's 3 million in the coin and then it rebounds like immediately like that the dip like ever. It it showed to me that there are just people who are waiting to buy any on these on these good Maraud coins and they got

their entry. And I, I, I saw people in my group chats who don't, who aren't really even active meme traders and they bought the, the ticker Bitcoin yesterday because like you don't get that kind of entries on these very much. That was a gift bro. That was a dip. That was 71% dip from all time highs. But yeah, but nothing really trades there, you know what I mean? Like that's the weight, right? You're right, you're right. You can't really catch that,

right? Unless you had like crazy stink bids, right? Do you want to buy it today? I would not buy this ticket today. Just to let you know, like I think not look, because you, yeah, you're right. People buy it on that dip, but then they're not like that original holder right there. It is in it because they saw this dip and then they they want to set up on a 10% move. Like, I don't know, I don't like that at all. Interesting. OK. And then what else do we have?

So going down the line you have so lock in, bounce back to 16 out 58 mini's 52 there. So those two are really like head to head and then USA also. So everything seems to have been up in the last day and last six hours at least. They're all heavy green, which is wild. And so yeah, it seems like memes are gearing up for a way a leg up again. We'll see what happens left. Another story to watch real quick is meme lands.

Like meme land hasn't really launched or incubated a token in a while that they're incubating this pain token. You'd recognize the meme. It's the it's the old man who's like holding the cup of coffee and like smiling but clearly has pain in his eyes. Like, so like that's the meme that they're they're incubating here. So they're not the team behind it, but they're helping launch it. The pain meme, right? Yeah. Yeah, so they're. Incubating it. That means they're launching it.

Yeah, it means like the stake land people will get access to like a a portion of the token. It's like. Juke right with when and stuff like that. Isn't that similar like launchpad everything like they took everything for the token? Help them potentially get finance listings. I think it was announced at Binance Blockchain Week. Yeah, they have, they have Asia

down path over there. They like there's they got a strong grip on the East. It's it's a good meme, but like the perhaps my mid curved brain is like if we flip into a bull market, is a pain meme going to do well? Or I mean, maybe for folks who are like who missed everything. Yeah, we'll see. I mean there's a photo of CZ here with the with the guy. That's a good sign. So that's always a good sign, you know, and so and so and so there's there's a lot on that that's perfect.

All right, well, look, I think we can go through the arbitrary update, Tyler. I think we have a few things on on behalf of arbitrary to talk about. Looks like they're they're on top of it. And then and then stick around. The code is memes. So raffle bought dot XYZ raffle bought dot XYZ code memes, MEMES. If you want to enter the chance to win potentially $80,000 today, minimum 2K. But Tyler, what is arbitrary up to? Yeah, there's a lot going on. I'll start with some

infrastructure news. So they enabled fast withdrawals from all their orbit chains. Orbit powers a lot of L twos and Ape Chain is one of them. They said no more waiting seven days to get your funds. Now you can get your assets on chain or off chain in 15 minutes. So, so quite the the speed up there in in time. We also saw the Alchemy team, they they're partnering with Arbitrum, they're going to sponsor $1000 in gas fees for

for builders. So I think you, you kind of see these things on a weekly basis with, with Arbitrum right now. So there's a lot of incentives in the broader ecosystem. On the product front, three products that were somewhat noteworthy launches here this week. So we saw two different prediction market launches. So one's called Arbitrum predicts, where you can use Arbitrum token to bet on the election markets and earn 10% of

the protocol fees. And then also this one called 9 Lives, which also has an election market and its own currency, FUSDC, but with its own. I love it, I love it. Maybe she maybe she likes Arbitrum bro like what? She just wants to to chat about Arbitrum but not not right now. Sorry. But back on 9 lives. It's an election market. It has its own currency FUSDC. It they do tout different dynamics compared to normal markets, which is tied to the

chance of the outcome. And then the shares were sold after the event on Camelot decks. So see. Traded more like tokens rather than just kind of being rewarded based on the result of the outcome. So 2 interesting prediction market launches. Then the the last one that that struck my attention was this poker game. It's called rug dot Poker and I was trying to dig around a little bit to see how the game works. It looks like you can mint cards if you can mint like a joker for

like a point. Yeah, that's this is it. So you have like a .0039% chance to mint a joker. So if you mint that, you've got a very powerful card, you can mint them, you can attack other players and rug their ETH is how they're they're hauling it. So effectively you can play poker like we haven't really seen a whole lot of like on chain poker games. No like. All over the last. Three years poker Like isn't thread guy doing a mega fucking poker game?

That's. How it was like ball has like gone deep into poker in the last. See like poker, I mean poker's always been an insensor. So part of crypto, right like on wrecked radio. I don't can't even tell you how many poker players they've had like on that show, right? It's like it's a big thing, right? A lot of crypto guys are like ex poker people. I fucking love poker, man. You know what this weekend you want to do this weekend, guys, I'm gonna go to casino Montreal, bring some cash.

I'm just going to my own. I'm gonna play poker for a few hours. That's what I want to do go for it. I'm trying to stay away from from from the computer because I don't want to like sell or like caught positions or do dumb shit. No straight up like I'm dead serious. I've been. Yeah. I've been sitting on my hands. I've been sitting on my hands. We have a few cooks for the weekend lined up. Anyways, was that in for the arbitrary update?

Yeah, that was that was just another another big week, right? They they keep pumping out these updates over. Normal. Another big week. I love it all right.

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