What up? What up? Good morning. Good morning. GMGM Thursday. No, sorry. Moon Bamber 14202444. Look at that. Another beautiful day to have a beautiful day. I got my Co host in the house. Tyler. Tyler. Tyler Tyler. Good morning. How are you doing today? Oh, you're muted. I can't hear you. Oh, oh, we got that fixed. Go he's got the bulls hat on. Oh yeah, I'm. Good. I was feeling extra bullish this morning. I've been waking up earlier and earlier.
I was up at 4:30 central and at 4:30 AM central. All of the prices were much higher than they are right now. So it seems like people have been waking up and selling for the last few hours, but I think they might regret that. I think they might regret that too. I mean so far, every single dip that was that was the dip, like every single dip's been eaten up just like an insane amount of volume going to the majors, right. It's actually impressive the bid on on Bitcoin and Solana these
days. I mean the Bitcoin volume is just ridiculous. It's insane like infinite bid. It seems not so infinite this morning, but you know, listen, listen, I think I think we're in a we're in a good place and and we'll talk about that today on the show today, today as usual, market report, market market market report. Let's see where we're at. Bitcoin took a huge dump, 2% panic everyone, you know what I mean? It's like 2%. No, no, no, we're sub 90.
No, Oh wait, we're at 89.2000 United States dollars for one Bitcoin like we're we're the price is so high. We're going to have to talk in sats soon, bro, You know what I mean? Oh my God, Oh my God, listen, don't don't talk to me about no tops anyways until dose until this morning dose went in top 10, but I'm sure we'll talk about that. So market report Tyler's top 100,000 because I know he's got 100,000 things to talk about
today again. So we'll probably wrap up the market in in that as well again today and then and then last and then we'll be joined actually by guest today. Today's show partner is Sui network and Walrus. So walrus Walrus, some a part of that. Someone from the team is going to be coming to talk about us. Sorry about us, not about us. I mean, not about us to us about what they've been building over there. Actually one of our partnerships on the decrypt side with walrus,
which is super cool. As you all know, Sui has been absolutely fucking cooking. So George Vanezis of the Co founder chief scientists at Miston lab. So that's pretty big. So we'll be excited to talk about what they're up to because they've definitely been one of the main narratives this cycle so far. Looks like they're going to continue to be. And then last but not least, Robert loot box been at the end
of the show. So we'll be picking the lucky winner in the audience and you'll come on stage and you're going to make some money. So you'll go to raffle bought that XYZ. There is going to be a code sometime the show usually about halfway in and you can enter and you get one chance to come and spin the wheel and make some money. Last one I need to show is powered by Galaxies. What's the most 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. And with that, Tyler, let's see what you got for us today, Four daily NFT and crypto analysis, Tyler. De on FOMO. Our cause, The kids. Can our top story folks, Coinbase and Robin Hood list Pepe surprise listing its soars to $10 billion in market cap. It flipped DOGE in trading volume on the day.
Over $20 billion traded on Pepe. Coinbase also surprise listed with on the day. It led to a broader explosion in memes. We'll talk about that more in a bit. This came after Bitcoin briefly hit 93,000. I think it hit 93,000 during our show yesterday, another new all time high. It has since dipped a bit 89 K here before the show went live.
In other news, Senator John Tune was elected to serve as a Senate Majority Leader. This is important because Tune is considered pro crypto has backed crypto bills in the past and is expected to help Dr. crypto regulatory change. So that's a big one. On the other side, polymarket facing a Department of Justice probe into their US users right now, which resulted in a raid on founder Shane Copeland's home and they confiscated his phone. So a negative headline there.
In other news, I bet saw $5 billion in trading volume on the day the ETF continue to pick up speed. Bitwise acquired a testant and non custodial Ethereum staking provider. They've got $4 billion in staked that's Meanwhile, Bitwise's chief investment officer Matt Hogan believes Bitcoin can run up to 500 K. Another sentiment shared by Mike Novogratz on C yesterday. So we're seeing those targets out there. Then NFL player Odell Beckham junior obj.
He taunted the anti crypto crowd yesterday boasting about taking his NFL salary in Bitcoin and sharing the chart. So I thought that was a fun one. In protocol news, moon pay announced a new moon pay balance feature which allows users to buy crypto instantly hold Fiat in their moon pay Wallace, effectively with zero fees. So big news from moon pay pump Fung has created over $4 billion in meme coin market cap via it's topical in just the past two months.
One, creating some massive wealth black launch BlackRock launched its Biddle stable coin on several EVM chains yesterday, including arbitrum, avalanche optimism and Polygon. We saw Parallel start doing mobile testing this week for its upcoming game launch. And then Zero Gravity Labs announced a huge race, $40 million to develop with decentralized AI operating system, it's called DAIOS, adding to their $35 million already raised. So some big money in Zero Gravity Labs.
In meme and NFT news, meme coin majors were very green this morning, maybe coming down a bit. Pepe was up 60% with was up 30%, several up double digits. We saw Elon praising Doge's flat inflation rate as a feature, not a bug. So Elon's actively talking about Dogecoin at this. Oh yeah, wow. We've got a new Elon list of memes. Sammy. Sammy put out the index. I put together a watch list as well. Its leader Peanut hit 2.2 billion. Banana and Shrub were also big winners on the day.
The AI memes soared overnight. Goat hit a billion dollars again. It pulled back ACT in 700 million range. Shaga and Zero Bro were also huge movers. This OBOT token and the eagle emoji were two of the biggest winners I saw in the day. They're up 35,000 percent. So everyday we're seeing these massive winners now and it just doesn't stop. So I'm sure we'll take a look at the board. In NFT news, the Crypto Punk 4 is grinding up, folks. It's up another 4 percent, 33 ETH.
It's $105,000 on the back of a big $1 million sweep from Wintermute yesterday. Otherwise, zero born NFTS tied to the zero bro meme on Solana that was the leader on soul jump 90% to a 3.24 soul. Then breaking news this morning, McDonald's and Doodles. We've got the information on the collab. It's starting with some doodles themed McAfee holiday cups, but it's going much deeper into studio experiences, a new album, some digital wearables and a lot more. So huge news out of Doodles.
Jesus Christ dude that has a lot going on on all fronts min coins this that so you absolutely love to see that love love love love love that OK lots to talk about. Let's start with the market as usual, as we always do. So Bitcoin Bitcoin, yes, you're right. Yesterday new highs 83,000 sorry, $93,000, though, even $83,000 Bitcoin sounds nice, but not here. That will have everybody freaking out. Definitely. Could you imagine? Could you imagine if we go to
like 83 K? It's like, Oh my God, no, it's over. Oh my God. So look at this. I mean Tyler, there's some this is some like every single dip. It's like you know how you were talking about meme coins right now, like saying like, oh, like they like there's like everything was hot, but like you have so many chance of buying the same memes over and over again. You could technically intraday trade these most of the the top memes and like make a good
return like 2030% are fine. But anyways, Bitcoin 89.5 little balance but looks like we're being bid up to 90K again. Yeah, I don't, I don't have the read on this right now. So like in the back of my mind I still have the code between where where he said 80 to 100K is the tough road and then 100. I think this is it happening right?
So like so in my mind, like I'm not going to be surprised if we chop over the the next month and a half and and we get into the the 90s closer to 100K by Christmas time. Maybe buy Bitcoin for Christmas. You know, as of yesterday morning, it looks like we were just going to speed run to 100, right? We got humbled real quick there.
Which also wouldn't surprise me. So none of the outcomes here would surprise me. I just think just the potential that again, the US could be buying Bitcoin for strategic Bitcoin Reserve is enough that you have to buy any dip. I think if you're on the sidelines or waiting for an entry. Very interestingly, I sent you the tweet from Nate Durassi. He just shared this a few
minutes ahead of our show. He says his hot take is he thinks Vanguard is going to capitulate in and include the ETFs for their users and investors, which I think they are like the lone major asset manager who hasn't who has blocked crypto so far. Like I personally, my 401K is in Vanguard, so I don't have access to any crypto products. And I can tell you right right now, like the second that goes
live, I would, I would. That's why, because I was like, why don't you meant to front run that movable? You can't even if you wanted to because they're like they've blocked every single, every single like ETF, right? Like you can't buy it at all. Yeah, there's no way you can. Also crypto stocks, right? Yeah, I haven't like dug into all of that. I'm assuming those are probably blocked as well. I'm pretty sure it was a thing where they had bought like MicroStrategy and stuff like
that. If I, if I recall, if I recall, I'm not, I don't, I don't I this, this info may not be right or not, but if I recall, there was also something on that front that was shared and nature Rossi said, I mean, let's pull up the tweet here. It's a pretty big prediction. Nature Rossi, out of all of the ETF folks, like he's been kind of like the most like like on point. I find when he makes calls and stuff like he's very like he's very like calculated, right? So let's find it.
Hold on, what did you it? Was unless it was it was from the smart. There it is. Yeah, there it is. Yeah, there it is. Prediction Vanguard capitulates and allows spot BTC and ETF access on their brokerage platform. Interesting. I, I, I mean, what do you guys think? In the audience? Yes, no comment below or if you're on the spaces. Thumbs up. Thumbs down. Do you think, do you think, do you think that, you know, there's going to be a, there's going to be a, a Vanguard, you
know, ETF? What do you think, Tyler? I I like the prediction. Well, so they're changing CEOs and I mean. CEO wasn't too pro, right? Yeah, I had. I had to look back at it. But I guess at this point, like, how do you justify to your board, to your shareholders that that you're going to block this when everyone else is allowing it and you see just the massive volumes, you see the massive fees. Like what, what's your rationale if you're Vanguard?
Like it's pretty hard to come up with one for for me, especially with the the United States starting to form a Bitcoin strategic reserve potentially on the horizon. So I don't know, I feel like the case to block it feels much weaker than the case to just allow it and let investors choose what they want to do, right. And again, the impact of this is just the infinite swap. And I think we started talking about this like a year ago,
right? But that's the big unlock for these ETFs is that when people are making their monthly deposits or bi weekly deposits into their four O 1 KS, they're going to start allocating 3 to 5% or 10% or whatever the number is every other week, every month into their four O 1 KS. And it's literally going to be an infinite bid on this. And it's hard to price that in. Yeah, yeah.
I think at some point, like I think this is the type of thing that gets so big that if they ignore it, I feel slowly people are going to get away from them. Like I feel like you already have all these. Like imagine all the people that in the 41K is like you have your 41K for with them. You said right? So I'm assuming a lot of people do as well. Aren't they the biggest? They're the biggest right asset manager that's. Huge. I'd have to look at the rankings, but. Yeah, rankings of top asset
managers. But I'm assuming at some point people will be like, yo, like I'm trying to buy this Bitcoin thing that I keep seeing on TV. You guys won't let me. Like, you know, they're going to look at Fidelity or they're going to look at. Yeah, exactly like people are saying, like Vanguard's going to, you know, you know, lose customers. Yeah. Yeah. So no. So Black Ark is number 1. I don't know how big. How big is Vanguard, though? Vanguard's like a really important one, no? They're huge.
I'll have to pull up the. Like where do you I'm trying to, I can't find them the top asset managers because I guess they don't count, huh? I don't know. Interesting. Oh, Vanguard's number 2 after BlackRock 8. Trillion under management. That was in 2022, so certainly even more than that now. Yeah. So this was, yeah, I don't know when this is from, but that's, you know, it looks like Vanguard
was number 2 here. So you're looking at BlackRock, followed by Vanguard, Fidelity Capital Group and money Invesco, etcetera. So it Vanguard's big because they're big in NA, right? Like they're big in the US, Like it's like a it's a large portion. I think this is the type of thing that will like really bring a lot of, bring a lot of traffic. So yeah, Fidelity is already in. So Fidelity has actually been Max being Ethereum on that point.
It doesn't reflect the price action it seems, but Fidelity actually bought another $100 million worth of, of Ethereum yesterday. Ty, Let's go look at our, our, our inflows actually, while we're at it, since we're going to talk about the market here quickly, but theorem inflows. So Bitcoin inflows yesterday were $510 million into the ETF. So good day, mostly led by FBTC. So I'm pretty sure that what
that's Fidelity and Ibid, 2:30. So you know, Fidelity and BlackRock putting in the work here. And Ethereum was actually $150 million a day. It was bigger than the 12th than the day before that with 100 mil from Fidelity. So Fidelity was really like the big the big buyer of Bitcoin yesterday. BlackRock come in at 35,000,000. So what does Fidelity know? Fidelity likes to eat. That's that's a fact. I. So why is the number not going
up? This is a good question that I asked myself yesterday because also Frankel Templeton likes them even more. A coin. There was a, there was coin that's reported this morning that Frank and Templeton expands $410 million money market on Twitter and blockchain. So it's like catalyst on catalyst. Funny enough, Tyler, I have a tweet out of all tweets that went viral yesterday. And now let me show you, you probably seen it, but I tweeted
like a madman yesterday. So now what's going on that people say that I'm a serial maxi and that all my money is an ETH so I get all these like you missed the pump. No motherfucker, I sold all of my ETH for Solana last year in November. Actually I closed every single Solana ETH long yesterday 32 hundreds because I was tired of holding it. So I actually have zero ETH besides pep and mog because that's what ETH is used for. But I was long ETH that's why I was tweeting that.
So I said generally don't understand how ETH is all trading above 3500 here and starting to feel like I'm wrong, but I refuse to be wrong 200,000 views on this Tyler. I I didn't like and you should see all the fucking code tweets on that like oh, it's your maxi coping like this type of stuff. So why is it not pumping Tyler? Yeah, I, I wish I had the
answer. I, I think the, the primary bull case that we've had the last week for ETH is that it was the catch up trade, the ETF inflows were were coming and we're seeing the inflows. It's not being reflected in the price. I still think that thesis makes some sense, but I see Darren out out there listening. He's one of the highest single folks I follow and he posted an interesting tweet the other day. He actually said what if the ETH all time high, is it already like are you?
I mean never get back ETH never since at the all time high. Are you prepared for that scenario? Darren called for the top of the cycle like six months ago. Yeah, he, he nailed the top. He sold all his rooms at the top while I was arguing with him that it was just a local top. I. Don't know I. I 80%. I don't know, I don't know it's it's hard for me to agree with that, even though I don't have
it like that. I'm not, you know, big in the ETH ecosystem, but ETH is definitely trading low here. I think one of the good cakes on on the best takes that I've heard on that front was that ETH always goes second. So it's always like a Bitcoin LED like the beginning of a cycle. Then ETH goes. So if you remember last cycle, he's actually aggressively repriced from the few $100 thing was $800 to $4800.
So it it it always like so that's what I've this is what I I picked up from the tweet going viral Tyler education. So if you want the answers to that question, I guess I I guess I kind of like outsourced the question and got our answers in in that front. Hold on. Yeah, go to shiny request this this is a rare one. Let me just let me just figure this one out. Let me just let me just ask what's shiny here. What up shiny? Hello.
Can you hear me? Nope. Check, check, check, check, check, check, check, check, check. Let me text him. Does it work? Let me let me just text him. All right, I'll, I'll remove you shiny and then and then and then just just just try again. Try again, of course. And he goes, of course. But yeah, I was thinking maybe shiny has a has an answer to to why our theorem is not pumping. But while we do that, Tyler, what else? I mean, let's let's let's let's check in on our meme coins,
right? Like, let's talk about the big news from yesterday. I mean, the big news from yesterday was and still is today, if you ask me, that Pepe Enwith got Coinbase listings. I mean, how many times have we talked about this on the show and said, is this just imminent? Like, we're itching for it. It's gonna happen. It's gonna happen. It's gonna happen. It's gonna happen. What happened? So Tyler, what do you make of all that? Like this was a really big deal. It was.
So I think we've got a few important signals this past week 1. I think doge pumping as soon as Bitcoin did after the Trump election was our ultimate signal that this is the main coin super cycle. We're seeing levels that we, we really didn't know where we were going to hit this this fast. Next we got the signal from Coinbase. The shackles are off.
So within a week of the election, they've they've now listed 2 meme coins Pepe first and then with immediately after I actually did I, I scouts some additional with after the Pepe listing because I thought I saw that last year they did Pepe and then a week later they did with. So I think a lot of a lot of people thought that right. General consensus with was next. I didn't think it would be that fast. We got in with jumped all the way to 480, but sold off really
fast. And I've got a A and it's too soon to be 100% convinced of this, but I'm really starting to wonder if unit bias. Matters a whole lot more to the retail Robin Hood and Coinbase traders. I perhaps that it does to the on chain traders. I saw that narrative. Yeah, I saw. I saw OV push that narrative. Shiny, let's try you again. What do you think of all that? You've been in Pepe with me since a while. Hello. Hello Shiny. This is shiny, can you hear me?
Oh my God, we must be really back right now. Holy. Shit. We we we never left for a well, actually, I I did. You didn't. It's it's great to be here. I just wanted I saw in this room going. I wanted to say hi. I wanted to send my love to you. I mean, you've been going every single day. You talk to the fucking president when I was gone and it was incredible all, all the moves you've been doing.
I'm just very proud of you and all the accomplishments you've made over the last couple of years. And I always say bears are for building and bulls are for are for showing what you've built. And now we have this opportunity in front of us. The meta is changing and the outside world is coming back in. And So what are you going to share with them? How are you going to approach them? And I think actually this logic is why ETH has been falling behind.
The meta of ETH to the public has not really changed that much. You know, it has Salon has changed a hell of a lot there. You have a lot of coins that have new excitement, that have new memes, that have new ways to interact with them. ETH still has its old tricks, you know, and I think that I think that E builders were on a different timeline. I, I, I think that we'll see a lot of projects launch over the next year, 2 years. The east builders have been working on because, you know,
they weren't so concerned. They've been building for 8-9, ten years already almost. And so they're on their own timeline. They, they didn't realize, oh, there's going to be this bull here. But when you have a new chain and when you have a new project coming up and you want to actually have your voice be heard, you're rushing to, to build and it just so happens that rush coincided with this new bull. And so now people are coming in and they're saying, oh, there's
all these new things. They're just not really on ETH. Maybe it'll, maybe the, the narrative will go back to ETH. I'm not sure yet. That's my two cents. But All in all, I'm very excited to see new people coming into crypto, new ways for those people to interact. I'm excited to be, to be back here and can't wait to share more conversations Again, I, I think you've been doing an incredible job. It's great to see you and the whole room here and that's it shining out. Much love all. Right.
Much love, Shiny. Appreciate you brother. I think he raises, he raises an interesting point, right? And it's kind of like a counter to to your thought that, you know, ETH always follows Bitcoin. That's the. One is the one that follows. The cycle's different, like why does it have to follow the exact same rules? So I think if your whole logic on Ethereum pumping is because it always has, that's the. Bad logic. Yeah, you need a little bit more than that and I think there is more.
So like there's still, you know, all the builders or majority of the builders are still on ETH organization, all of that, but it's not as exciting. It's ETH plus it's ETH meaning if you're eco like when you and I talk ETH builders, we talk if you're like L1L2 L 345678 but you know, I think I think that's what we mentioned. You're right, you're right,
you're absolutely right. I mean thankfully I I had a hunch and I was like fuck it. I'm I'm, I'm going to come back to it later because I'd be down a lot right now Tyler a lot. So thankfully we, we, we, we, we decided to, we decided to take a tiny, tiny, tiny baby owl and just move on. And what I did yesterday is I ended up selling all the ETH longs I shoved into with and then 30 minutes later got listed. That was euphoric. That was one of those moments, Tyler in the bull market where
you I got off my chair. I just screamed. I, I was worried my neighbors would have been like, what the fuck is going on in this household? But yeah, that was, it was one of those days. I still believe though, like I, I think, I think like we got to respect the pump and I think that at some point the pump will come to Ethereum and there will be an aggressive thousand like I do within Chrys $1000, like 20% candle.
I'll break the cycle high and I will try to like time that at some point, but I'm not going to like wait when there's like, I don't know, Lucy to name one bag holder, just saying like I'd rather cash or for example, I actually, I actually bought a bunch of Pepe that I've decided to put in a wallet. I'm not looking until Basil or until Christmas because I think, OK, well, now it's on there. It's doing insane volumes that just that you mentioned and and that.
So let's actually go back to that. Let's talk about these volumes. Do you have, do you have the volume stats? I, I think Ovie posted some, but that's those are tough to I, I don't like this as a reflection of the market on Coinbase because Whiff was was listed for trading at 3:30 PM Eastern Time on Wednesday. Sure, so Whiff had less time. Also wasn't on Robin Hood. So Robin Hood had Pepe. But I mean Pepe put up massive numbers. It was 22 billion when I woke up
this morning. The numbers are different now because of it's a different 24 hour cycle. That was probably right when Coinbase listed it and Robin had listened it and whatnot, but it flipped doge and it jumped 60% on the day. I just a massive move. So you just talked about 20% candle on ETH being like a euphoric God candle. Well, we, we, we have memes printing those candles much more regularly right now. So people are going to go downstream.
I think everyone's already wondering what's next. A lot of folks think that's MOG, right? And I mean, Pepe caught huge action. It ran up to 10 billion. It's down a bit. So I'm seeing an 8.6 billion now. Eight point, yeah. 8 point, yeah, around there. MOG is MOG hit a billion. It bounced off of it. I think it's at what, like 900? That was nice. I was very happy to do that. I didn't sell any of it here. I think I have a good coin there. But yeah, I hit hit a billion. Classic double.
It's the third time, second time we hit a billion and just, you know. It's almost the cup and handle breakout, but maybe, maybe it's going to handle again. We're not going to fade that one, right Tyler, Like we're not fading like cup and our our little cup and handles, right. It's cup and handle season, folks. It's cup and handle season over here, bro. Tyler and I are like all over those right now.
We're just. Looking we're logs so closely, so it's turning basically at 12:50 Pepe right now 10. To one Pepe. Yeah, it. Feels low for. Me, I like yeah, it does. I like Marga like maybe 8 to one between 8:00 to 1:00 to 5:00 to 1:00 Pepe, but it's too hard to gouge that one like that. I just don't a theorem. I just don't know what else you're buying the OGE for sure. Obviously, maybe that's shrub one that went crazy, right. I don't have any of it.
But you know, there's there's very few things that have been built up for like, I mean, look at this, like very few coins look like this where like there was a year of consolidation and cult building until this, right? So I think this is always why this is going to be my favorite coin. I mean, it's my favorite coin is also like 1000 X my 1st century. But I don't know. I also have a back bias for community bias. I'm very involved. I love those guys. I've become friends with all the
big holders. Like, you know, I mean, it's like it's like there's that. So that that's also harder for me to like, I'm like, I'm obviously like sometimes like I'd look at it differently than than you, for example. And most people, but I like it. I think it's strong. But there's something there too. Like I'm not an idiot either, right? Like I have a big position. I haven't sold much yet. Why? I think of it that way too. It's like, I think I'm not an
idiot. Maybe some people think, but you know, it's like, well, I still have that mock position. But let me come back to the let me come back to the unit bias just for a second. So I wrote it up in the newsletter this morning. But for $100 at this morning's prices, you could get 4.68 million Pepe tokens, or you can get 25 with tokens. Let's talk about that page. Or is that in your newsletter only?
It was in the newsletter. I mean that that's we don't necessarily need to pull up. Those are the numbers. And the the concept is do you want 4 million tokens for $100 or do you want 25 tokens? And if if you're someone who doesn't know anything about either of these memes but you just want exposure, you see it listed, Beam coin super cycle, you're probably going to go for the one where you get 4 million tokens because what if it hits a dollar?
Yeah, I mean that's what that's the point Ovi raised this morning too right. He said quite a big difference in volume between Pepe and whiff here, though. I'm going to wait until this next 24 hour cycle to like really gouge the volume thingy right and I may even wait until the weekend. But you know he goes am I oh don't fit in bias. So I don't think he's wrong in that sense like Dogecoin is still four cents right and then with is $0.40 sorry, Dogecoin is $0.40 with is $4.00.
That's 10 times more than $0.40. But it's not the case in the FDV. You know it's like the mental gymnastics normally go through before buying some shit is like crazy, right? It is and there's there's no and doge maybe doge breaks the example, right. So it is $0.40. So it's it's not a great unit bias. It was at a point in time interesting. It's like I've seen Anson and others calling for pump fund to change their tokenomics for what to do like 100, 100 times more tokens.
So right now at a billion, you reach a dollar to basically add a couple of decimals. Let's. See. In front of that. OK, smart. I get that. I get that. Well, listen for me, there's something I said yesterday, you know, a lot of people saying when we saw, when we saw, when we saw.
Well, I don't I, I think we, we haven't reached near the place where you're going to. You should start, you know, think about it then when there's only one meme coin in the top 10. So so we'll see, we'll see where that goes. I don't know what you think about that. But you know, Sheba is not even top 10 yet. It's going to be probably like tomorrow it's 11th, Pepe is 15th, and then you have to go all the way down to with 27. You know, I know you've been
talking about this quite a bit. Like what do you think? At what point? Like do you think what even Bonk, right? Bonk has been a big narrative because it's doing Volumes 36. I I think it's silly to really start even thinking about it. Yeah. Like if you think there's a legit chance that Bitcoin runs to 150K or higher, I would wait until closer to that. Yeah, I I strongly agree with you. OK, cool. So what else?
I mean, I think there was a big day yesterday for meme coins right across the board, of obvious reasons. Yeah, maybe we can pull up the new Elon watch list. I have it you sent it in the chat. So let's pull up pull up the new list. I love these watch lists. I just have them all bookmarked. Let me bookmark this last one here. I checked them like a couple times a day. It's so much easier. All right, we have a new for those of you who are not here yet, we're on videos.
I know a lot of you are listening on audio. So obviously we'll do we'll we'll, we'll, we'll we'll translate in a way that you don't have to watch, but if you're trying to watch, we're we're broadcasting live. So here you go. Here's your Elon watch list. Shout out to Sammy again. He's on the Modern market show every morning. He put together this little index and then he, he put $10,000 into this in like a market cap weighted format. So he's going to be tracking these. I, I saw his list.
So doge, the real doge is, is a part of his index. I don't have it here just because it's not indexed, but I have all the other ones. So peanut number one by far hit $2.2 billion yesterday. This thing just doesn't stop Doge on ETH actually down hit 480. I think around peak it's down to 340.
But shrub just on a massive run that it's shrub is someone launched this token because they launched a drone over like Elon's backyard and I think they saw like a a hedgehog carved into one of his bushes or something like that, one of the shrubs. So that's the story there. It's got 105 hedgehog. Yeah, what we have to talk about in a hundred, 2024. But there's big money in this. And then Banana was a big mover. Banana ran to like 60 million
last night. It pulled back quite a bit this morning then there's another doge on Solana as well. That kind of rounds out the list and then grok, which is just a the ticker of his ex AI. Look at that. I mean it ran up pretty high too. Oh, this? That's. No, that's the wrong one. There it is. 60 million. Yeah, that on the pretty hard. Yeah, this is absolutely insane. I mean, there's so much traffic on these peanut.
I mean, look at that $2 billion. And peanut, maybe besides boom, peanut now is like the biggest rocket we've seen. It is the it's the biggest rocket since Boom for sure. Right. I saw D say the same thing I think on on socials but. You had to hold this thing for like 10 days to hit. All we had to do was just wait a couple days bro. Like it's like not like it's insane when you think about like the over trading is wild. You know I'm. Trading. I'm over trading. I'm very guilty.
So I bought peanut at 60 million, sold at 110. Thought it was a great trade. That would have been a 20X, no 16X. Dang. Yeah, no more than that, yeah. That's a plastic though. It's just part of the game, right? It is. It's. Part of the game. It's part of the game. All right, so let's say you don't need index. Let's look at our other indexes. I mean, the index that did really well yesterday was AI. That's the way market cap GOAT ACT. I mean ACT is.
Do you think ACT just follows like the peanut route? I think it's going to flip GOAT ACT. Is the wild card? Mano tweeted out this morning. I thought it was funny. Does anyone know what act is yet? Like I don't have the answer to that. Well, yeah, it's the coin of the original people that did Goat no. Is that the the story here? I actually don't know the story so I can't I can't confirm or deny that, but it's got the Binance cabal behind it. I. Mean Andy Not like actually right?
Like the goat dev. I don't maybe it well. Maybe not. I don't. I don't. Know that that's the story. It briefly flipped goat last night. Interesting new listing. OK, X now too. Well, maybe we'll try to dive into that, get the deeper story behind it. But I mean, if you pull up the goat chart, goat looks like it's paying a bull flag. How fun. How dude, how hilarious is this? We say goat once. Come on, listen. We say goat once. Hold on. We say the word we I'm not even kidding.
We literally said goat once 5 seconds ago. You like, you're my witness, right Tyler? The 3000 people listening to this live. Yes. We say goat once and mando just. Like The Whisperer. He's just there. He's like Duke. I hear it because I hear the studio when someone pops in Studio Tyler. So I heard the nice dude. We literally, he used the word goat once on this show. We said, OK, let's talk AI meme cones goat, goat and act. And then you showed up. Yeah. Yeah.
No, no, we can't hear you. But you're looking great, Mando. But we can't hear you. But you look great. You look like you look like you're relaxing. You can't, Mando. It's it's fine, but I'm just telling we have a guest anyways, coming on. I see you, George, in the in the Stew. So we'll go to you in in a few minutes. In a couple minutes. Here, let me try Mando one more time. We can hear you Check, check 1-2. Try on muting.
I'm mute on your end. I can hear you guys now if you can hear me. Let's go. So Mando, what is what is act? I asked you that once. Remember back in the month George said that you were following the account and then bought it because of that? Yeah, 20 mil. So yeah, so ACT isn't really an AI coin. Well, let's, let's put it this way. It's not created by an agent. It's not been promoted by an agent.
Act One is the name of the Discord server that Truth Terminal was in. You know how Truth Terminal was like was trained on two LLMS speaking to each other. That Discord server is called Act One. OK, so Truth of the Goat was created the dev of that of that Discord server and I think somebody else as well, they crew, they just created this coin and they called it Act one. And it's just an AI community coin.
There's no agent attached to it. There's no shilling, There's no, there's nothing to do with it. It's just these guys created a coin and it was because that Dev said he was broke and he wanted to make some money. He then promptly sold the coin. Like right? What? And then and he's like kind of in a fight with this community now. Like he's like I hated everything about it all this sort of stuff.
I forget if actually like they sent it to him or he created it, but in some way or another someone created a meme coin called Act one which wasn't related to any AI other than it. It was named after the original discord server. The dev sold his supply. This guy, Yeah. And and then now we just have this coin called Act One, which is named after that Discord server. And I don't think like, I think like nought point nought, nought, nought 1% of people know what this thing is.
Right, like Tyler was saying, I have no clue what the fuck this is. And I'm like, well you know what? I actually don't have an explanation either. I I type in act one and it's just charts like. Very this is the person so he goes. I've never been uncomfortable with the ACT currency and they have always been my branding without my permission. I distributed, burnt or sold all the ACT token that was given to me. I wish to be listed on no further centralized exchanges
and OK ACTS listed this morning. Yeah. Yeah, well, like this guy needed the money, he said. So he just like sold. But he also, I guess he didn't create the coin. Then I think community created the coin after Goat was created, right? They were like, oh, we'll create an act one and we'll send it to this guy. And then he, he must have sold it. He says he's very glad he sold the coin. I don't think he feels that way anymore today. Go on to the type in Act one community like act one community.
Surely that's I think I I just. Wanted to like act capital I. Just find the actual commute like the actual page for act one I think it's called. I got it. Yeah, it said 16,000 followers. It's not even that big, right? Scroll down. No past this obviously. Like it's just pictures of anime women. I mean that's all crypto Bros like. With just things being said. I don't really. This coin, this coin flipped mug this morning. It hit a billion dollars basically and I it just appears
to be, which is an anime woman. It's like waifu type content thingy. OK, I get it. It's called, it's now just called an AI community coin. OK, whatever, whatever that means. But but there's no util. There's nothing going on with the agents, right? There's no agent here. There's just. There's no. AI, Yeah. It's like if somebody created like AI don't know, describe it like a like a House of faroque
coin. Yeah. And sent you some of the coin and said, hey, this guy was early in NFTS and then they've run it up. Don't give people ideas, but if everyone wants to do that, I will not burn them, I will keep them, I will not sell them, I will lock them on linear vesting and then Binance. If you guys want to go ahead and send to a billion for rogue is CC0. That, that's basically what this is. It's like for Rogue was there at
the start of NFTS. Therefore, we're going to create a coin called House of Farog. We're going to send him the coin and then that guy has sold the coin and this coin has run up to a billion. Got it All right. Well, that's interesting. Well, there you go y'all, there you go. Well, my friend who had originally bought act one because Mandel followed the account. So this guy's deep in Mandel's shit, ended up selling it and day after it went to a billion.
So so he 2X he took his money and then they went. I mean, nobody knew that, but but the minus thing came kind of came out of left like it's like everybody like there was no reason to hold. Act One. I have no idea why Act One got listed. Yeah, but neither did 18,000,000. It was 18,000,000. I don't think anybody encrypt One knows why. Well, we do. All the AI coins right? Like there are other coins which are like they are related to an agent.
They were created by an agent like zero bro, for example would be close to that means AIAI 16Z like these are all like ingrained in AI agents doing things. This is this is not that. It's just pictures. It. It's like we're going to create an AI coin, but hold the AI, hold the agents, and we're just going to do anime women. Yeah, OK, well, clearly it worked. So clearly that went down as
planned for them. Anyways, look, I know we have a lot of topics to go over, but we do have a guest in the studio from Walrus, Mr. Labs. I do want to make sure we get to our guests and maybe like we do the, you know, the robot spins and stuff after that, of course. So we'll get to that. The code is mog. So if you go to raffle bots dot XYZ, raffle RAFLE bots dot XYZ, you can go. And as usual, you'll be able to to, you know, enter the idea.
Yeah, you usually have to retweet something for us, you know, we got to get something out of it. And then we'll pick someone at the end of the show, which I think we'll go over today over time and then we'll get back to you and and make sure that we give something away.
And Tyler, hold tight on these news because I mean, we, we may have to like obviously discuss some of the NFC stuff and the, and the, and the, and the meme coin stuff tomorrow, especially AI. There was just so much going on, but just quickly there was a breaking news more on Bitcoin. I'm sure we'll cover it more tomorrow from Ellen Terrett.
Just came, just came through actually 10 minutes ago today, the Pennsylvania House of Representatives introduced legislation that would enable the state to hold Bitcoin on its balance sheet as a reserve asset in a broader movement to recognize Bitcoin as a store of value. Wow, yeah, why don't they get states battling to to build bigger Bitcoin reserves before it gets approved by the Yeah. You have states before like federal trying to like build
that Bitcoin reserve. So so that that happened price of Bitcoin on change on that, but but you know, definitely some people need to take some profits here. So don't blame him at all. But anyways, let's get George up here let's get George on the stream there you go there you go there you go George, what's up man? How you doing? Good morning. Hey. Folks, how are you doing? We're good, we're good now. Busy week for us, but busy week for you guys over there and missed him labs.
Jesus, you guys are like all over you got to killing it. We're trying, we're trying, we're keeping busy indeed. Yeah, obviously love to absolutely love to see that. So George, you're the you're you're you're you're chief scientist at at Mysten labs. Obviously you're you're helping on all things Suey network and and walrus here.
You're gonna give us a little introduction of yourself and like what you do within the Mysten Labs ecosystem, even explain to people what Mysten Labs is, because Mysten Labs is like big deal here. Like y'all should go check the website and see what's going on with Mysten. Sure. Yeah. So I mean the chief scientist of Miston Labs, there are 5 Co founders. I'm kind of like the more research you want if you want, right.
My background has been in basically building peer-to-peer systems in the broader sense like for 20 years now. And like the other Co founders, I was part of the whole Libra effort at at Facebook until it got nowhere. And then we kind of jumped off and and started Mr. Labs.
And, and the whole point of Mr. Labs is basically saying, look, you know, the Internet, wonderful thing, we love it, but it wasn't really built with the kind of resiliency, with the kind of primitives to support the exchange of value and all of
that, right? So what do we need to build over the Internet over modern telecommunications to be able to exchange value and also give people ownership of their assets and kind of be able to build whole application stacks that are kind of decentralized and give people control of their lives, their digital assets, their digital identities,
etcetera, right. So indeed, we started off if you want on that path by initiating the Swing network, which folks may know here that is really acting as a kind of accounting and coordination layer. It has marked contracts and all of that, right? And you know, it's it, it works fine. We're really happy with it. We're, we're still working very actively on, on projects on it
and, and all that. But as, as we started basically getting more interest from, from applications, we're like, OK, you know, how do you store the data of that application? You didn't hear about the bulk data, right? And this is what led us to initiate the The Walrus project to actually have a decentralized storage network as well.
Yeah, so as a matter of fact, for those of you who didn't know, because you're probably like more of rock radio listeners, but the crypt side, which is the other brand that we have part of our of umbrella company, we actually partnered with the with with Walrus. And so all of the articles of Decrypt are actually stored on on this protocol, which is
really cool. That's something that Ilan Co founder of Decrypt worked on and I thought it was super cool to get started with you guys over at Miston and and it's been really fun. So like, so what's the connection then between between walrus and and SUI because obviously both of them come out of mist and labs, congratulations on on congratulations on the success with SUI thus far the cycle. But what's the?
What's the connection there? Sure. Yeah. So the way I think about it is that Sui is the magic source behind Walrus. And also Walrus is the kind of like example of the kind of vision we have for applications that could be built on Sui, right? So as I mentioned, Walrus is doing something quite different from Sweet. It is storing bigger chunks of data, right? Like on Sweet, you can store a few 100 kilobytes. You know, you'll struggle there to, to go much beyond that.
Some people tried and, and, and that's quite impressive. But you know, 100 kilobytes is really what, what you get on Sweet on Walrus, you're able to store many megabytes to hundreds of megabytes to gigabytes of data, right? So it's a site, it's an infrastructure that is basically designed to to store data. But that infrastructure is coordinated in pretty much every way on suite, right?
On a suite smart contract. So all the economics of the Walrus storage nodes, all the governments, all of the management, the storage as a resource, all of that stuff is happening on suite, right? So effectively, Walrus is using Suite as a control layer, right? In order to coordinate that other, you know, storage infrastructure, right? So we were able to build Walrus quite quickly because we could leverage Suite as a control layer, if you want, for Walrus.
But also Walrus really demonstrates that Suite can be used as a control layer for other kind of decentralized infrastructures. And they're like, your imagination is really the limit, right? I mean, there are many things we want to decentralize. Suite can be used to help with that. Interesting, OK, this is very smart. I like, I like the setup actually, because I always wonder as well, like in the back, because when I heard we were working with walrus, I was like, well, what's walrus?
Oh, it's the missing laps. We don't have Suey and I, I, I found out that was like, it's like similar, but like it's just like it's to help support that network, right, in order to, to be able to partner with people such as ourselves. So it's it's really smart. So besides the crypt if I'm not mistaken, like you guys have a have partnerships like Accord, which is kind of like a Dropbox and a bunch of other people on the walrus side, right? Yeah, yeah, sure.
So, so the crypt is, is a really nice use case, right, for for the decentralized store because you know, it's a media organization, so it needs to make sure that, you know, it's articles stay up and they are the articles that you, you know, you wanted to publish, right. So a decentralized store with high integrity, high availability is exactly what you want for, for this kind of journalistic use cases. Of course, Accor is is a slightly different use cases.
These folks are building basically a Dropbox equivalent, right? So you store your own data, you can share it with your friends, but of course you only want to share it with the people you want to share it. So they support encryption, identity permissions and all of that stuff, right? So, so they add those kind of layers on top of Walrus. And again, both both use cases kind of illustrate that Walrus is part of basically an application development ecosystem.
Like you can build apps on top of Sui and Walrus now and host your websites on Walrus, your front ends, your dabs, You can use it for for archival, you can use it for all of these things to build your own stuff. OK, wow, OK, this is super cool. I love that. Tyler, do you want to do you want to ask a question? Yeah, George, I I'm curious how Walrus compares to other competitors in the decentralized storage data availability space like IPFS, Filecoin, Celestia.
You know you kind of compare to contrast to Sui, but I'm curious how you know you compare contrast to other pure competitors? Sure. Yeah. So, I mean, walrus is basically embodying the same vision of decentralized orders to some extent. Lots of pioneers were there before us, right? We didn't invent the concept, but it's a modern take on it. That's the way I would think about it, right. So IPFS is part of a more kind of like traditional peer-to-peer storage kind of story.
There are really incentives and all of that stuff integrated into it. So, so that that is basically the very traditional space of like peer-to-peer storage. There are problems there, right? Because you know, storing his work, how do you get paid for that work is a bit external. Then if you want Filecoin is, you know, the next generation, it integrates a blockchain, but it's a kind of like, you know, 20/16/2017 view of what a blockchain is, right?
It's kind of longest chain, very long latencies and all of that stuff. Great vision, by the way. Like I'm a great fan. I have to say, otherwise I wouldn't be working on, on this kind of field, right? But you know, it's not like a modern smart contract platform that is very quick, cheap and and very flexible as well. On the other side, Celestia is actually a very cool and modern day by a colleague of mine, Mustafa, right?
And they really specialize on, and they do very well, a very narrow thing, which is just availability for a short amount of time. Nowadays they're extending that, right? So again, it covers a small amount of space. What we try to do when designing Walrus is cover all of that and using a modern blockchain. So it's fast subsection latencies for metadata, a few seconds to upload. It supports like bulk download like, you know, you can get, you know, many, many megabits of
basically download speed. But also it integrates with a modern smart contract platform suite to do really complex things between storage. And if you want finance, like you can basically express things like derivatives around, you know, how much storage will cost in the future. You can buy and manage your portfolio of storage and, and
the life cycle of your blobs. You can very carefully and very in a fine grained way, manage how you extend the lifetime when you delete your blobs or how you manage them at all, right. And also all the governments is, is happening on the sweet block chain. So, so that lowers the cost of coordination that allows us to have thousands of storage nodes.
And generally speaking, it hits a much sweeter spot between like reliability and the cost of getting that reliability, which should mean that it should be cheaper in the long run. OK, OK, I see damn you just cooking. It's crazy. It's crazy see see y'all, there's more meme coins in crypto. OK, so a lot of people, you know, we're talking a lot about meme coins, NFTS, all these all these little all these different things on the show and now we're talking about data storage on
chain. There you go there you have the same people that that started that started suing network that the one that you guys are all talking about. So I absolutely love to see that. OK, So what are some of the use cases right for for Walrus and like what kind of projects? So let's say there's a lot of founders listen to us every morning, George. There's a lot of them here. There's thousands of people
listening to this show. How does a founder actually like fit into this whole picture here? Sure. I mean, Walrus is very general, right? So anytime you need storage and you feel uncomfortable about, you know, just using a centralized entity, Walrus is is the play you should go for, right? So what What can you use it for?
First of all, if you're building Daps and you want actually their front end, like the website in front of the DAP that drives a smart contract to to be in a decentralized store, well, Walrus and Walrus sites that actually present your resources on Walrus as a website is your go to solution. We can support that. If on the other side you, you're more into infrastructure, you, you know, you have a chain that you like or an L2 or whatever and you're like, where do I put
all my history? Right? Like what if my history disappears and no one can audit what I'm going to do? Well, Walrus basically can help you there. If on the other side you have an L2 and you're like, OK, you know, when I commit blocks on, on, on Ethereum, let's say, and I want to prove their availability just to make sure that, you know, my, my throat proofs can can be checked, etcetera.
Again, Walrus basically is your go to call and then even if you are not kind of like into crypto crypto, but you want to make more of kind of a web two thing. But you you want to give your users a sense that the data they upload to your service belongs to them, right? Like the photos, the videos, the stuff like if your service goes down, the data is still there. If you've got a business, the data is there.
If you get like, you know course to like not serve them anymore, well, they can get back the data again. What? This is basically your go to solution for that and you can use it either in conjunction of with Swee or you can use it without really touching Swee. You can just basically upload blobs, download blobs using the web and you know, everything just works. This is nice. I like the feeling brand of it
all. Sorry, I'm like a a nerd when it comes to this shit, but I just I just kind of like like the website, you know what I mean? It just looks really clean. So for anyone who's curious, I I don't have more questions for you, George, but for anybody who's curious, like just go on walrus dot XYZ or come on, come on video. I'm like showing the video right now. You can learn more about the storage filing, you know, and
the fast story. Sorry, and like data sets, websites, boxing history, like everything that's that worldwide walrus. I like that world worldwide walrus. That's great. But definitely check it out because there's a lot of really interesting things going on there that George is leading, of
course. And then of course, and then last question for you, George would be like, you know, road map wise, you know, we'd love to hear like future, you know, potential integrations, partnerships, community driven developments like what's what's, what's going on that front? Yeah. I mean, we're at the beginning of this journey. The test net just was announced a couple of weeks ago. I would love if folks use it like pretty much most of the features that will go out on
mainnet are already there. We're just making it solid and onboarding, you know, storage nodes at this point. So folks were interested can can also reach out on that more kind of high profile partnerships DVD, right? We'll, you know, we, our plan is to go to main at sometime in the first half of 25 right between now and then, probably we will also be chatting with people and seeing, you know, who's interested in, in using it right. I love that, I love that. So for anybody interested, how
do they reach out to you? Do you want, is there like a place where like people can get involved with you? Yeah, sure. On the the website you're on there is a Discord link at the very bottom and I invite folks to to join and just jump on the channels that are relevant and say hi basically. I love that. Definitely get involved. You guys are like, it's crazy. Guys doing a lot, man. It's doing really well too.
So the engagement we got from like you post initials, like hell yeah, these guys are actually active. I love that. There's a lot going. On Somebody needs to store stuff, you know. Every, every company has to store something. You know what I mean? Like it's not like everyone, everyone. It made perfect sense for us on the decrypt side that every single article is forever going to be stored somewhere. So you can't ever take it away from us in the way, right? It's going to exist forever.
So I, I love that narrative. I think it's great. I'm really happy that we've partnered together not only for this year, but also for, for on the crypt side. And I'm really excited to be able to do more stuff with, with missing labs in general. So, George, thank you so much for coming here today. Appreciate you for having me. All right, brother, have a good one. Thank you. All right, all right, I think, dude, honestly, the sweet sweet is like everywhere.
Guys, you've been talking to this about this for a minute, but like, I'm pretty sure, like real vision are working with walrus. Pretty sure we are. I mean, I'm pretty sure we are. I know we are for like 100% like there's just, they're like really like between Walrus and the sewing network itself, just cooking, just cooking. Love to see that. Love to see that. There's definitely going to be a lot going on there.
All right. Well, Tyler, did you want to take 2-3 minutes to go over some things that I didn't go over and then we can pick a winner? Or is there like, is there stuff that we can just push it over tomorrow? Yeah, I I'll quickly hit the the doodles news. I think this is the biggest one that we didn't cover yet. OK, so we we got the details on the Doodles partnership with McDonald's. So it's starting with 100 million limited edition McAfee Doodles holiday cups.
So if you order coffee at McDonald's here this holiday season starting November 18th, you probably will get this Doodles cup. I'm definitely gonna go get one of these. The only in the. States Tyler, 'cause I really like. It that's a good yes. It's across the US, so this is just the states. You're gonna have to make a border trip here, pop down, get to a McDonald's, get a Doodles cup. But it's just starting there. They have a lot more in the works.
I'm telling you, Happy Meal, I'll make a call right now. I don't know, like I'm homies with those guys. I didn't ask them shit. I'm telling you bro, that would be sick. I don't know if the heavy meals are coming, I hope there is, but the studio experiences the doodle studio that you can get with an in app drink order. They've got digital wearables that can be unlocked. A pass to watch their their latest movie The duals Bill and the Doodles verse. They've got new music coming
from this. So that's where Pharrell comes in, along with an animated holiday short. And now it looks like they've got some merch rolling out. I just saw Dees tweet out a picture. Of a. Yeah, Dees all. Right, Julian, if you're listening, Julian, not only should you get involved with the Art House Basil event, but you should also bring me some of that merch. I want some of this doodles merch, that's sweet.
Yeah, this is cool. Everything you need to know about the McDonald's Exdoodles collab from Guillaume. Oh, they remember that guy got hacked and they sell this shit coin. They lost a pump. Fun. I don't remember that. That was him. Remember the the pump? Fun like that was launched by SEER Market at the McDonald's. I I believe you, but I they. Hacked his account and that's why I don't follow them actually. Let me see. Wow, this is big dude this.
Is about as big as it gets I think for an NFT project, right? I think you can argue what's bigger, this or Walmart. It's silly to kind of have the argument. This is this is Tier 1. Yeah, they're both tier one as tier like that. Partnerships. Jesus Christ. Oh, wearables. It's true. They have the whole digital apparel. Look at that. Right hat. That's good. Actually, if this was real, I'd buy this. Buy your jacket. The McDonald's logos and shit.
Oh, the pants cheese. Are you guys going to make this happen for real? Yeah. McDonald's guy should come on the show. We should invite Guillaume on the show. And that would be an epic interview. He sounds French. Surely he's French. I'm a DM. I'm a DM. He follows me after the show. I'll damn after. So that was the big news.