Yo-yo, yo, what up? What up? Good morning, Good morning, GMG. It's definitely not Friday. What? Tuesday. Great. It's Tuesday, March 11th. With so honest, I'm starting to get a little tired of this fucking month of March. I'm not gonna lie. It's so useless. It's like just two months out of the year kind of. Actually, no, March is not useless. It's like the equinox of spring. I I take it back because we're gonna say March and November kind of like many months, but it's all right.
If price was going up, I wouldn't say that. So March 11th, 2025, 2020, 5 started to feel like a long year, I'm not going to lie. Yes. Yeah. Like the first two months of 2025 was started to feel like the last like nine months of 2024-2025. Look at that, it is another beautiful day to have a beautiful day, another day in paradise with my coasts. Tyler and Logie, Tyler Logan, good morning boys. How you guys doing today? Doing fantastic despite price action.
It was 64 and sunny. We were just starting to bounce and then Trump stays doubling tariffs with Canada. I'm just tired. Like just happened a minute ago. I texted the chat, I'm like no relief. 64 in sunny. What's 64 in like French terms? 64 F in Celsius. What's that 17? Whoa, you guys are not far from me and it's that warm. What? Yeah, we're all going. Yeah, dude. Oh, it's 6° here. Nice. What's that for you? What's that in freedom units? 50. 42 You like the hall, Logan? Freedom units.
Freedom. Yeah. You think Donald Trump's going to make us use the Fahrenheit soon? Or like imperial metrics? That's one thing I will never concede to Donald Trump and his administration where we'll always use meters, kilometers and Celsius over here. I stand by that. When it does seem, it does seem like one of those outlandish things that he would potentially promise to do. Which? Nobody should do because metric
is is better than. Like like Gulf of America, you know, like we're renaming Celsius to Fahrenheit. That sounds exactly like that. Logan, how you doing? How is it warm? Where you at? Yeah, it's it's pretty nice here as well. The sun is shining, clouds, you know, nowhere to be seen, just bright blue skies, birds chirping. I mean, outside of prices. Tyler's got it. Outside of prices, it is. It's feels pretty good to wake up today. I just checked, it's gonna be -2
Fahrenheit tomorrow here. So I we don't, we're not getting any relief here. We're like the crypto market in Montreal. Every time we think things are looking up, we're going to smack back down. You know, we may even get hit by a snowstorm at the end of March at this rate. There's some months of March where we had like weather like you guys, but not this one. Anyways, Speaking of the weather today on the show market report.
I have no idea what has that's got to do with the weather, but it is the weather report when you think about it. Market report, tell us up 1000. We have a partner coming on the show, IO net, io.net. That's a nice domain name actually. Robit loot box spins. We're going to make someone some money. Last time we did that was Friday and the last pin won a punk if you remember well and he sold it. I love that I saw the sale this morning Right.
If I'm not mistaken, you guys share it on the chat $80,000 man 80,000 United States dollars mustard. I'm curious what you're going to do with the money. I want to follow your your, your, your, your journey of, of seeing what you do with the $80,000. Maybe he bought a maybe he bought a whole Bitcoin. I'm curious about 'cause it doesn't OMB PFP. I'm curious. I'm curious if he went the Bitcoin out of the punk about Tyler.
Ooh, master. If you hear this, the Emmy, I'm curious what you're doing with that. You don't have to, by the way. And then last but not least, this show is powered by Galaxy's Galaxy's a Web 3 platform empowering creators and brands to build unstoppable communities with full ownership and independence. Trusted by icons like Donald Trump, Steve Aoki, Mike Tyson and the NBA, shaping together the future of engagement, but
also wallet connect. Wallet Connect is the connectivity network shaping the future of on chain UX. If you've connected to Web 3 app, you've seen wallet connect. That's the logo. It's everywhere. An icon of trust in crypto as recognizable as Visa checkout. Want to learn more? Follow wallet connect on X and Telegram to stay ahead of what's next. Tyler, I'm going to go straight. Yeah, folks, yesterday was a historically bad day in the stock market. 1.75 trillion
wiped out. Crypto was not immune. But this morning Bitcoin's actually green on the day near 81,000 up a percent ETH down 7% that ETH Bitcoin ratio now down to point O 231 Bitcoin 43 ETH right now that that is a staggering number. We did see an alt move was up 12% on the day their main net went live and they had an ETF launch or at least announced as well. IP was up another 3% that that token continues to outperform in
headlines. We saw Trump he's planning to sign another crypto executive order intending to roll back some of the anti crypto banking rules established under the Biden administration. Same time, SEC interim chair Mark Aouda is looking to pull back the SEC's jurisdiction over cryptos. They don't want to get their hands in the mix right now. Yesterday we all hit again. Sailors strategy plan to raise another $21 billion in equity sales to finance more Bitcoin purchases.
That's a huge amount. Coinbase keeps breaking the news, folks. They plan to launch 24/7 purpose futures, Bitcoin and Ethereum and then some breaking news this morning, 2 pieces. So Senator Loomis, a hype video for her Bitcoin act. She is planning to reintroduce that to Congress today, so we'll see if that falls on more welcome ears now And then Fidelity filed for ETF, stake ETF. So 2 pretty big headlines right there. And token airdropping protocol
news. Bubble Maps launched its BMT token and AirDrop here this morning while also introducing their new Intel desk as a community driven platform for investigations. We saw the team behind arbitrump off Chain Labs research. They announced an official ARB strategic purchase plan, so more buyback moves. Mainnet, as I mentioned, went live.
The security ETF, Myriad 2 new money markets out there, folks, we're going to have to dive into these one price point price and then one for the upcoming F1 race and then Jupiter. Dow voted not to give me out any tokens until 2030. Oh wow, giving. Us out to new team members into fund expansion that's that's a long ways away so 20. 30. 20-30. For. Me. How to get those tokens? In builder's terms, that's nice, five years. But it is long way. I have to say that's that's not wow.
I mean crypto's reached like 5 months. Yeah, we'll have to dive more into his compensation points. I have to imagine that he gets compensated in in other ways or else I mean, I'm sure is is a long is a. Long Yao's done well. Yao's done well is he's done. He's done very well. I'm sure he has a quick round up of the rest. So AI continues to fall. Market cap down another 7% to 3.9 billion.
Griffane, a couple headlines. Griffane introduced new sponsored AI agents where creators can customize agents and sponsor their actions for their customers. And then the Accelerate Dow shared a first glimpse of their new crypto AI agent called Alpha Pulse AI. So we'll see how that continues to develop. Memes are down, not a huge surprise, about 7% across the
board and NFT. Sam Spratt announced the finalist for the Masquerade and opened up secondary trading from Mass of Lucy. I saw the floor around $7000 USD here this morning. Says around 3 1/2 feet so we'll we'll see. Has there been secondary sales yet? As of last night, there wasn't, and I didn't have a chance to check it this morning. I guess we'll check on the show. That's good. Love Sam. Killing it, Always killing it. That's what happens when you do everything with intention, you
know? So love to see. I think you guys had him on the show when I was away, right? We did, yeah. That's a bummer. I love Sam. He's a good guy. All right, that's good. Is that that's a good round up. I mean, let's start with price action, right Impress of our coins last night, Tyler, when the Tyler DD or the Tyler D household was was asleep again every time you're asleep we got absolutely obliterated because I was up for that Logan, were you
up for that? We no, that was up that let me tell you guys, those Asian sessions are starting to not be so appetizing. You know, it went from it went from Asia as buying or you know, Asia's buying. Get excited to please Asia, stop selling or just stay asleep. As soon as the Asia session open. Guys, I just watched the coins get decimated. So I don't want as low as 113 dollars. We had a Bitcoin goes low as $77,000. It was like a 2K candle down in one one second.
Ethereum went to 1870 and it appears that the Ethereum Foundation is long with the liquidation price of 1100 bucks. I think we should talk about that too. I mean, what do you guys make of this right now, boys? I mean, where, where do we find our bottom even now? You've talked about good news, but it looks like even with the good news you just give us, Tyler, Bitcoin is lower. For Ethan, 1770 last night, not 1870. Oh, sorry, 17. You're right. Seventeen. Yeah, 1750 on Binance.
People said that 1500 was the target. If it lost 2000, I didn't think it would get there in a few hours. Like it it was like 2000 had held and then it broke and then and and it was so fast. Like in a matter of what felt like I. Don't know. 20 to 30 minutes on the Asia Open it it it lost 1800, but then it it did seemingly rebound and then we saw that the the tweets going around that the Ethereum foundation might be that wallet. Yeah, they got that loan right.
Hundreds of millions basically, with a liquidation of 11/11/20. As I understand it, they've got plenty of capital behind that which they could lower their liquidation price. So I don't the you know the meme of us liquidate the. Yeah, Yeah. No, they're just going to keep funding it. So like the liquidation at some point is probably like let's say you were to go to like 1300, then they're going to be adding more collateral like you.
They're probably going to keep collateralizing that until I'll tell. Probably we need like triple digit. E for a long time for that to seriously be in trouble. Hopefully we don't. We don't get there. You don't want that for the sake of the industry, right? I know it's funny as a meme, but I don't think we want that for the sake of our industry in general. Definitely not. I think just stepping back, I we've, we've kind of have had this pattern right where Monday is a really red day.
We kind of have some relief Tuesday to Thursday, some chop midweek and then like we, we we see what happens on the weekend and typically a sell off, you know, either Friday or perhaps you know, Sunday ahead of the week open. We might be playing that out again here this week. It's hard to get like super bullish on any near term rebounds, right? I think we we got the jobs data came out this morning, stocks had were up and then they kind of reversed right after that news came out.
So it looks like, you know, the measures being introduced to slow things down are going to take more time. The wild card is CPI is tomorrow. So if inflation comes in substantially lower than where it has been, that would be a sign that progress made and perhaps we see some relief coming out of that and and folks think it is going to come in low tomorrow. The trueflation numbers, I'm I'm not sure how much you can trust
those. I think it is a different measure than what CPI uses, but the trueflation numbers have been very low. Yeah, I've heard Mando talk about that a lot, Right, Trueflation, so. And I got we we filled up the gas tank this week and gas was $3 a gallon for for for normal unleaded. If that feels lower than it has been grim like I'm, I've been in. Like what's $3 a gallon? It's more. Wow, you guys are paying $0.75 per liter? Logan where?
How do you feel like last month? Yeah, it's like 360 here. I mean it's pretty high, at least where I am in Pennsylvania. Per liter, right? Oh no. Per gallon. So how much said? Maybe, maybe 350. It's somewhere in like the 3:45 to 360 range. Do you guys know how much gas is in Montreal? Let me do it in gallons for you. There's 4 liters in a gallon roughly. Right, it's 6.5 dollars per gallon so divided. So 6.4 CAD to USD is 4.4 dollars
a gallon. At least, I mean, I, you know, that's that's expensive, but it doesn't even seem that outrageous, I guess based on what we're paying. It's like, whatever, it sucks. I'm I'm pretty used to it at this point. Yeah, it's pretty wild though. Well, Costco, look at 285. I don't I, I've never owned a car in my life, to be honest. I can drive, drive a lot, but I've, I've, I don't need a car, you know, no kids and I live in central Montreal, so we're good anyways.
Wow, OK, that's, that's interesting. So that's going. To be big, I feel like today's just going to be kind of a chop though 2. EUR per liter Holy shit how much is gas? Where y'all are at? Comment below. I want to see comments on Twitter and you can say per gallon per liter if you want to do it. One gallon is 4 liters for that for that Oh. Jeebs is saying $2.70 by him in Denver. OK, wow. But but see, that adds up. Like people have trucks and stuff.
Like, you know, I know the difference is not substantial, Logan, but like over time, like, you know, you add it up and it's a lot of money. Yes. So it's 350 a gallon at the nearest gas station to me, right? You guys doesn't know how good they have it yet. You guys have a good man on the I mean look, we can go to Middle East. You should have seen I filled up a Porsche in Dubai.
It cost me like 10 bucks. I was like, hey, yo, you know, because it's pumping straight out of the soil, you know, it's going straight out of the ground. You know why we have a good like we're the number one oil producer now. You guys? Yeah. Drill, baby drill. You're going to have some soil. You're going to say, Mr. Trump, we have enough oil. You're. Going to get so tired of winning. You're going to get so tired of winning.
Oh my God, I could use some of that winning right now, boys that could yeah, because I've only. I've seen my net worth get last in half since since the last couple of months anyways. Anyways, Tyler, right back at you. So markets, I mean you're talking we're looking at data's coming in tomorrow. We also have FOMC on the 19th. It's eighteen, 19th but 19th when Powell speaks. So I'm assuming we should be expecting a lot of volatility until then, right?
Yeah, I, I would think so. There's going to be a lot of eyes on CPI tomorrow. Then, of course, we'll just push to to what Powell has to say a week out. But again, like, I don't want to. I'm still like tempering any kind of excitement. It still feels too soon. It is too soon, yeah. To start to recover, I'm not necessarily I've been trying to think more and more through like how long is this going to last?
And I still haven't really got to the point where I think it's going to go more than six months really. Yeah, OK. Six months. I yeah, I think, I think we're in for a few months and then we'll be fine. Yeah. Six months. Six months. Oh. Man. It takes us to September, but like, I guess. OK, look, it's done dude. So. Many like the classic school of thought is always anyway like salaman going away. Salaman go away like summers are rarely. It would be funny if we RIP in
the summer, huh? Yeah. And possibly it's on the table for. For sure it is. I mean, the charts said June. So this trilogy said, hey, there's a blood moon March 14th on Friday. I'm going to be long in the blood mood. Just for fun. I'll be signing the shit out of it on Sunday, by the way. So I'm keeping 48 hours position. But last time we had a blood, when I remember that we went insane. I think it was in France or something. It was last. There's a blood moon every year or something.
Anyways, it was absolutely no. So listen, I know we don't have too, too, too much time because we have guests and and some stuff to go over. So let's go over some of your topics. Yeah, today, Tyler, what what are your, what are your top here? Well, the the Loomis reintroducing the Bitcoin Act is interesting. I we have to give it some attention, right? So this is the ACT where the US does in fact, buy. Bitcoin I'm.
Trying to think how how much per year, I could a pretty substantial amount where they try to, I think it's 1% per year like they try to accumulate. No, they try to accumulate 1% of the Bitcoin supply over five years. I think that was the terms, Logie, if you're able to maybe pull that up while we're looking at this, I forget these specific details, but substantial purchasing and now that we've got more, you know, it seems like more approval from folks. It's being more widely talked about.
You know, Trump keeps endorsing it. More states are starting to get on board. Is the door more open for this? Once again, I'm, I'm not like holding my breath. This is going to pass. And it doesn't seem like it has overwhelming support by any means, but I don't know, maybe it's got a little bit more chance than than it did. So, so this is going to be a big one. The Fidelity launching, the ETF staking like I think we, we've seen this telegraphed to a
degree. Yeah. Doesn't seem to be moving markets that much, but those definitely seem to be coming. Tyler, you may have, sorry you may have said this, but what I just pulled up real quick from congress.gov from the Bitcoin Act was 1,000,000 bitcoins over A5 year period. Yeah, 'cause some people are reporting 1,000,000 with the dollars time, but this is $1 million and I was like, well, that's not impressive.
Like the average, you know, like a lot of people are doing that, but it seems like it's 1,000,000 bitcoins. Right that that's the way that I'm reading this, unless it's been modified. This is from the 2023-2024. No, you're right. That's it. It's an 80 Korean price. It's $81 million bid, but over time it's probably going to be higher. Right. Yeah, 8080 billion, yeah. So, so that's substantial. That's 5% of the supply roughly.
So that's a big deal. And just the just the chance that it goes through is probably putting somewhat of a floor on Bitcoin. Yeah. We've got the myriad market, It's a it's going to be a sweat. The lines 80 K What for Sunday? So the way it works, the line closes on Sunday at midnight UTC, but you can only predict until Saturday the like one day before. So it causes more uncertainty. So it's going to be an
interesting line. So you have to place it so the, the you have until you have until 11:59 PM UTC the market closes then let me see, exactly. So exactly 24 hours before. So let's say Saturday night at midnight, which goes into Sunday and then it'll be depending on the price on Sunday night. So that'll be interesting. That's a good market, honestly. It is what I like about this one is the volatility that's going
to come into play. So like it's going to close right around that time in the evening where we see that the sell offs typically those sell offs do happen. Yeah. So even if Bitcoin's at like 81 K Sunday morning, like you're not feeling super confident, no, in this position. And and by any means, if it's at 79 five, you're also like you're you're swaying the reverse right where where where we get a perhaps a surprise pump on the
Asia open. So it's going to be a sweat right, right up until the the buzzer there. I'm on the yes side. And I was planning to, to to perhaps maybe swap to to no closer to Sunday, but we'll, we'll see. I think this is one where you might be able to kind of just like play the plus money in and out, you know, as we approach depending on the price, of course, like if we get too far extended above 80, I think the no becomes intriguing just because of the volatility.
As you mentioned, Tyler, like you can go up or down pretty significantly really quickly. So playing the playing the opposite side here at plus money, you know, and just being nimble. That's I. I can't use the markets, but that's probably the approach I would be using. Yeah. I mean, I, I'm personally speaking, are you guys on the over on the under for that? I think Tyler, you took the under for now and you're planning on treating it.
Is that what you were saying? You need to look what side I'm. I'm actually forgetting which side I'm on because I've been flopping so much. I'm on, I'm on, I'm, I'm on for that. Oh, what we. Know I was below. 80 K dude, it's crazy, man. See right now, like this morning, I bet you everybody was feeling like they're on the over right now. We just we just went below 80 K and I bet you people are are are are. I mean, we just wanted to send me thank you for a second, but we flashback above.
It's such a good line. I'm excited about this one. I helped make some of the lines that makes me really excited about them. I don't take them like I I can't, I, I don't, I don't. I don't play the market sadly for now, but I will soon. But if I were to, I were to take that one. I, I personally take the over. Oh well, we just saw I switched in real time. The no just went up a little bit. Yes, I would. I'd be on the no here for a time period and as we approached, you know, closer to that.
That's smart. If he whatever range, that's where I'd probably be. I mean, it's lame perhaps to be scalping a little 10% moves here, but that's that's the market. I'm not. Tired of winning so I would take a win right now. I don't I. Don't think it's lame. I actually think that there's I genies believe that there is more money predicting to be made predicting than playing the the casino. And I think that's a fact.
I mean numbers don't lie. I've shared this before, but the win rate in pre season for myriad was 73%. You don't get this win rate anywhere else. You don't get at the casino, you don't get it on Pompan, you don't get it in the trenches, you don't get it trading coins. Yeah, this trader probably is much lower than that instead of hit rate. So I think there's much more money to be made, especially in the bear market or downtrend
than there is on this. Like of course, like when coins are ripping up, there's more money to be made in markets like just holding the say Solana spot than prediction markets. But even now, like instead of being short, let's say you think that the bitcoins will go lower. Would you rather be short with the chance of being liquidated or just bet like predict it's going to go under 80K? You know what I mean? Even the risk is mitigated in my opinion.
So that's why we like prediction markets, to be honest. Yeah, that, that, that's spot on. And you've got time to, you know, even if you look like you're wrong, you connect to the position and you're not paying. Funding you're not paying a fee you don't have to put collateral you don't have to worry about all these things right all you have to do is play a little gassy, which you know down the line we're going to we're going to take that away from you guys
so you know it's. Sorry, I I. Also like the the fact that like when you're playing these prediction markets, they are peer-to-peer in nature in the sense of like, I'm not playing against BlackRock or whoever else, you know, it just feels as like me, little me, you know, it just feels a little fairer, feels, you know, the edge feels exacerbated in either direction just a little bit. So I I like that as well. Yeah, you. Can pass the edge like I, I think.
There's a little bit of edge in this Ferrari line, so like I, that one's fun. I ran the. Numbers I saw that closer to 72% based on current widely accepted sports book odds that one of the Ferrari guys would be on the podium. So that's. What? I was looking. At. It looks a little. It looks like there's some value in there, not a ton, but I mean when you can get a 7% edge in in sports betting, like that's pretty big. Yeah, in general.
So I I like this one. I, I, I, I wanted us to put just Lewis, but that would have been harder, right? Because he's just starting in a new car and so obviously hard because the first race of the season is first time ever driving the Ferrari. But but I like I like the yes here, but that's supposed to give us some bias. Like I'm a fan. Like I've been a Ferrari fan since Schumacher when I was a kid, right? So it's like I was told Lewis Hamilton's my GOAT. So Logan, what do you think here?
You're a big sports guy. I don't. Know anything about F1? But I did the exact thing Tyler just mentioned. I went to odd checker. I went to odd checker and I was looking at, you know, odds for the for the win, which what Leclerc is like 4 to one or something and Hamilton's like 5 1/2 to one or something. So yeah, I mean, there's I'm sure there's odds for win play show or something like that as well out there. Although I was just looking at the win odds and just trying to
extrapolate that way. I don't know anything about F1 at all. So, OK, we need tennis. Markets for this guy. So yes, we do it. We definitely. Need tennis markets? Yeah. Exactly. Anyway, so these are good. I mean I'm excited. You guys should check them out. I mean, if you're, if you're active in space, myriad dot markets, myriad dot markets, check it out. We have 3, three. The one that's going to be a sweat for us, not for for the
user is the pump font revenue. So basically by if you look at the trend that they've been going based on the last few weeks, because they make one to one, three a month, a a day is million that is it would be 613. So we said 615. All it takes is a couple of runners and there's 14 days left for this market to close, and it's based on the 31st. So I don't know for now, the no is like a slap. It's a screaming no, but you just don't know.
Like what happens if the market turns for a little bit? I was going to be on the no side, and then you and you talked me into the yes side last week on on the show. Oh. No. Like my first loss in the the myriads, you're blaming me already? God damn it broke. My little decisions. That I've. Made that impact, but I didn't make a huge. It wasn't a huge bet, but I wouldn't I. Wouldn't go big on that. I didn't, I mean.
It really did fall off a Cliff there, and it actually it looked like it was kind of rebounding a little bit late last week, which is partially why. And then, of course, Seoul falling off a Cliff doesn't help us here either because the revenue is denominated in Seoul, Yeah. This is true. This is true. What's happened? The markets, markets are really volatile right now. We must have gotten some. They're so. Volatile, yeah, but there's something. Going on, I saw some.
Major aluminum or something, I don't know, precious metal tariffs on Canada. Like, yeah, I saw that. But then someone saying Canada's backing down already. I know what's going on or what that means, but wow, can we just talk about this for a second? Yeah, let's do it. The bull Run. Hasn't even begun. Miraz. He must be stopped. I think at this stage that that tweet's. Not as bad. I mean, it's it's in line I
guess with the other one. So yesterday he tweeted the SPX one to 100 billion, and that's the one that one. Kills me bro not. Saw him because I think it's at like 300 million now. That one went viral. Some people are just. Like let, let, let, let this go already. I mean, the, the Bull run hasn't started yet is kind of in line with some of the things that that we've said about, you know, the, the broader Golden Bull Run. And I've actually seen other
people say, So what, the 20? 19 comparison, is that what you're talking about? Because I've seen Kobe talk about that before as well. Yeah, the the. 2024 was kind of a a a fake out bull run, so a lot of people compare. For 19 to 24, yeah, to me, the best market take I've seen because it's a take that they made a few months ago when Trump got into office. There's only two people that had
to take. It was a wizard and OV about it being very close to 2018 trade in terms of macro, because when Trump came in, tariffs, tariffs, tariffs pushed the economy into somewhat of a recession or, you know, down only.
And then things went up. And then if you look at actually really like Osfs, for those of you who want to do a little bit of reading, OV wrote a good tweet yesterday explaining like his take on the market and how basically every single dip at the end of day was like an opportunity to just accumulate. And I thought that was a good take here. If that wasn't around really market wise in 2018 was running
a social media agency. So it's not like I was following the markets, but I thought that was a good take. So a lot of people are comparing this to 19 ish Tyler. A lot of people sometimes that take. Let's hope. But like at the same time, like, let's acknowledge like Bitcoin ran from like, what were the lows in 2020? Three, 15,000. Dollars. So like, it's hard. To say like that wasn't a board run.
Clearly it was and Solana. Went from $8 to $290.00 and the president of the United States of America launching Bitcoin on exchange, so there's that. Speaking of which, the code today is he wrote the bounce. BOUNCE we're just manifesting bounce raffle bots dot XY. You want to put will you want a chance to win a punk get over here. Bounce is the code of 4.25% chances that someone's going to win a crypto punk today on the show.
That's high odds. If you ask me, Robot, we're here to we're here to empty empty the empty the vault here. We're going to empty Robot's vault after people want red guys for like six months straight. So let's go. Let's do this. A raffle ball that XYZ. The code is bounced anyways. Tyler, you had a stacked news news cycle this morning. What else you got for us? Yeah, real quick. I I. See the headline now? So Trump says all tariffs on Canada will disappear if they become our 51st state.
Jesus. That's not gonna happen though. Like you guys think he's serious about it. Like, you know, me, I joke about it, whatever. Like obviously I, I don't think I even want that. Like, yeah, I wouldn't really want like, I really love Canada as a country. And it's like people like you guys think he's serious when he talks like that, yes. You think so? You think? He he means it, probably. I think he's taking it too far at this point for it to just be something like a shit post.
Yeah. Like, how often has he talked about this over the last three months? Now it's, it's quite a bit. So I don't know, I, I take everything he says pretty literally at this point. I'm not really sure what the negotiation tactic here is like. OK, we we won't make your face. Relax the. Tariffs. So yeah, Bitcoin's. Not liking this morning, man. I mean, look at this red candle since we started the show right there. Not great. Bitcoin is not.
Liking it, not liking it at all. So maybe we should change that code, Sims Yeah, yeah, yeah, yeah, yeah. That was not helping us. Yeah, there's a couple other headlines. So the buybacks are continuing. I think Arbitrome is the latest D5 token. I think it's fair to call Arbitrome, put it somewhat in the D5 bucket. Yeah, right. I mean, it's not 2 so they're. Talking about doing buybacks now off Chain Labs, what's the group that put this forward?
I haven't seen details around specific numbers, amounts that they're planning to put into that. So I think stay tuned that's going to be a key aspect here, but just the latest. And I think whenever there is a recovery and I don't know when that's going to be, but it it does seem like there will be a focus on these, you know, revenue generating buy back D5 protocols. I think that's going to be one of the stronger sectors when whenever we do bottom. So that's going to be 1 to
continue. We had a new token launch this morning from bubble maps. Looks like that's hanging out right around 90 to 100. How was that I? Heard they had a very good claim process and that the dashboard was clean, but I don't know anything else about it. Yeah, they. They they shared new details this morning about what it actually is. So they are launching an Intel desk where effectively it's going to be a decentralized investigations for on chain
sleuths. And the idea is there will be, you know, folks can put up like things that you want this community to investigate and then there will be BNT token rewards for those who who put solutions. Interesting. It's. On BNB and Solano users deposit. The tokens and then they can allocate to one of the more to to cases. So I think if, if you want someone to investigate your case, my read is that person will have to to deposit the BMT tokens as some, as kind of a reward.
But I mean, in this scenario where I, let's say you, you know, terribly I get fished or hacked for $100,000, like does it make sense to put 5 KBMT tokens into a pool and, and have someone help you out? Maybe it does in that scenario, like if you think you've got all this, if it gives you a better shot at getting some of that back. I don't know exactly how it's going to work, but that was kind
of my read on how it would work. There was questions about what the token will actually be used for. So like they they did come out and answer that it's tied to the Intel desk and then yeah, you're sure economics for the AirDrop here. I actually haven't had a chance to to dig in. Me neither. I'll look after. I know the guys saw them in Hong Kong, the fresh lads. So we'll see, we'll see. I think it'll pay 300 million FDV. Yeah, it got pretty. High on the open and yeah, it's
down a bit. I mean, you're. Also like kudos to them launching a token right now like today, they do not care. About broader market conditions, that is, there's a lot of thought. Around it for sure. I think the general. Thought is like why they need the token I mean. Isn't that around for 90% of their industry? You know, one of my favorite quants yesterday made a really good point. It's going to be I'm actually curious about you got you guys's take. Does Ethereum need a token? What's?
The gas token, right? What do you think? Yeah, I. Think of any tokens in this place. Ethereum would need one more than most others. Yeah, forget all the. Trash like yeah, I think we know the trash is should have a token. Yeah, why not? I mean, it's a hugely programmable blockchain with tons of smart contract type stuff that you need a gas token for, right? Correct me. I mean, I'm not the technical expert here. Is there some other way to do it without?
I mean, I guess you could use other with account abstraction that's coming with Petra. You could use other tokens as the gas token, yes. But otherwise, like is there anything else you could do? I don't know, maybe it's the L2's that don't. Need the token, you know, but there's there's something there or we don't need the L. Twos. Or as many of them. Or as many of them, that's for sure. I mean, that's not the conversation budgeting anything
that L twos are. I know there's a whole for sure. And it's funny because the L twos are super PvP, but they claim to want to scale it Theorem, right? But that's another conversation probably for another day given the time. But I was just thinking about it because I'm like, to me, a theorem is the single one of one of the, I don't want to say the one of the single greatest piece of technology that's ever been invented by mankind.
I generally believe that, which is why myriad markets we are in the theorem of a company doesn't matter what I personally hold, right? And there's a reason for that because I think that it's extremely well done and and robust and sufficiently decentralized. And I love that about it, right? But I like to compare it to like different like a Visa or like a MasterCard. What's the most used platforms in the planet, let's say, but you don't have a token nor do people understand how the
processing work. I just tapped my card. It works. I need to know how it functions. And so sometimes I think about Ethereum and I'm like, wow, like this is the greatest platform ever. But I don't think that that doesn't mean that the price of the token should go up at all times. There's a world for me where Ethereum just stabilizes forever. Literally just stable coin vibes. And then you use the Etherium block and then but still, it is the most used blockchain in the
world. You know what I mean? I don't know. That's just how I see it here. I mean you can make the. Same argument for Bitcoin as well, like one of its primary use cases is just that, a current store value. Digital that. Folks can send anywhere around the world trustless, but the difference is that. Because it's like it's only 21 million price is bound to go up because of the the supply that's available to be acquired like gold, right?
Or actually gold. You keep finding more gold, Bitcoin can't find more Bitcoin. But anyways, that's a I thought that was interesting. We're meant to have a guest right now. If they're requesting oh cancel, nevermind. He got the time round due to daylight savings. Dude, can we abolish It'll come tomorrow. Shout to io.net. It'll come after tomorrow after tomorrow. Can we cancel daylight savings already? It's so useless. I think Trump. Is trying to. I think this might be the last
time we change. Vitalik agrees. With him, I think last year Vitalik Tweed, something about they. I say it'd be useless, very rare. Anyways, the code is bouncing. Well we then that means we do have more time. I don't know if Logan or or Tyler, there's anything else you guys wanted to talk to him, but we do have more time. Yeah, I, I mean. We just let's talk about the this, the Trump Elon comma. Did you? Did you see those last night? So I guess for for it helps out
the stage. Yesterday I tweeted about how Tesla stock was down 55%, which is interestingly the exact same percentage that Ethereum is down. Interesting. So Tesla and. Ether both down 55% from their December peaks, which was I mean, just highlighting how rapid this pullback was this morning. It seems like Elon may have gotten in in in Donald's ear a little bit. He was talking about how Elon is putting it on the line helping the our nation, but the radical left are trying to boycott Tesla
illegally. What was going on else did he say? He said I thought he came out and and told people to. Oh, he says I'm in any event, I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support. So Trump's going to go out and buy, I don't know, maybe a new cyber drug. So yeah, I mean. Shit's down though. Like it's pretty wild, but markets are not getting any relief on that front either. 55% now I called this.
Yesterday I said Elon would have to be in his ear at some point. He had to have. Why else would he say? This quite a bit and like the actually like the Tesla deals which are like getting vandalized yo you just. See that? That's crazy, right? Yes, which? Is surprising because like it's clearly tied to Elon's role in government and he's there are a lot of people who are very against it, but I feel like. Even. Just six months ago.
Like people generally really like Tesla cars and like Tesla FSD their their full service driving but this is wild. Right. Or it's a. Very innovative product. But yeah, these are people like literally vandalizing. Tesla employs these cars Like that's like cars from the employees in the parking lots that are getting vandalized. That's actually wild. Is he not doing a good job though? I think they're they're it's pretty much divided on party lines most part of what I've seen.
I think folks on the left think he's overreaching, perhaps breaking laws with with what they're doing, going too fast, breaking things. I think on the right folks are are more aligned with we needed these types of cuts and like this is a RIP the Band-Aid off approach and it's better to go fast. I think the reality is probably somewhere in the middle. I don't I don't know that the deep legalities of everything they've been doing and if they've been overstepping some of the rules.
I think in general I'm in the camp of we need a more efficient government. Joe Lubin had a good take yesterday. I, I, I think on the matter, he wrote. This is what his take and he was saying. I hope this take doesn't upset people too much. As I understand many who might have been over leveraged could have seen losses today,
recently. The actions we have recently seen by the US government to reduce its own internal craft and corruption and to right size the dependencies of people and other governments on the US will very soon set up the US to operate with more focus, lightness and agility than it has in long time. This is take and I think that guy's a pretty smart man. So yeah, I'm saying this right. This is still the the best setup for crypto specifically that
we've ever had. And I think a lot of the bull, the bulls out there still feel like whenever the the doge cuts kind of come through, it is setting up the US to to move forward. Yeah. Says. It, you know, more light, more agile, more focus, but it's hard for most people to see more than, you know, a few inches in front of their face. IT definitely. Is. And then in other news, I saw your bitwise stuff this morning. That looks pretty cool. These guys are fucking killing
it, man. Seriously, That was sharp. So they, they highlighted how I think what 70 companies now have effectively followed Sailor's MicroStrategy playbook and meaning they are holding Bitcoin in their treasuries. And now it looks like they have compiled 70 have over 1000 Bitcoin. Wow, that's a pretty decent threshold. So what they've done is created an ETF where you can invest in it. Looks like the top ten. Wow.
Of those. Companies who hold at least Wow Bitcoin well, Mara. 'S kaling it bro? I met these guys in DC Pretty sure the boss was in the room. They're killing it clean. Spark riots. So metaplan it's only 6. The metaplan, it has a lot. I'm not sure if this is. Listed. By maybe it is by the total holdings. I'm surprised they don't see like the block or block there. Tesla I believe holds more than 1000 Bitcoin as well.
Corporations muscles at least 1000 Bitcoin holdings are weighted by the amount of Bitcoin owned. The largest holding is caps 20% for diversification. Massive growers be less so that. You see that Logan, So if they're if it's less than 1/3 of their balance sheet, they're getting a smaller weighting got. It so maybe that's. Why? Oh, it's. Here, it's here, it's here. There you go. There you go. It's all here. They do. Mara does have way more Bitcoin
than everybody else, 45,000. Yeah, they're second. They're second, but yeah. Right, right. Has more than clean spark. OK, Yeah, because it's. Weighted. See the weight here. So they're being in my point of three points, but they still have way more Bitcoin like by 7000 interest. So Metaplanet has 2800 actually. So there are quite. A few people that have more Who are the 10? Beyond or beyond show all holdings? Yeah. Am I clicking that? There you go. High similar.
HUD 8. Pretty sure HUD 8 is Canadian based. Yeah, Block, OK, there's. Block. There's Coinbase Tesla. 8000 you're right yeah, Tesla's 11,000 Bitcoin yeah, I actually. Worked on there's a piece over at the crypt it's called the top 10 publicly traded companies with Bitcoin whole things so IA little a little more familiar with some of these than than not no you're right so. Coinbase has 9000 and Tesla has 11,000 but weighted at 1.39 and one point and 25%.
Wow. Imagine having 11,000 Bitcoin they have. Less, actually. They got some from the. I'm sorry, I was. Just saying. Tesla got some by people paying for cars with Bitcoin. That was I remember that. If. If you want to get your company on this list, need $80 million? You buy 1000 Bitcoin, now you're in the running and it's not necessarily if you're bullish on Bitcoin, you didn't lose that cash, right? It's still this is. Interesting.
Still pretty. Liquid. Wow, Surely we're about to enter a race of like, who's going to own the most Bitcoin Like big countries and companies and individuals. Like that billionaire that put 70% of his net worth in Bitcoin. Like surely we're about to enter like a like there's going to be something like that road that Kobe's talking about from 100 and 2:50. It's going to come at us. It's going to come at us fast. Obviously it's not going to come at us tomorrow, probably not in
the next three months. But when it hits, guys, where does that put our pups? I actually want to go look at the price of I want, let's go, let's do it. Let's hurt ourselves. Some more. Oh fuck I don't. I haven't looked at the Price ordinals in weeks. Are you ready? I pull up ordinals. Every day, Oh my. God ordinals are hanging out. Around point O 4 I'm almost at. A full round trip Here we're talking about A7 Bitcoin round trip node monkeys. At 0.04 was that was pops is 20.
$1,000,000 bro this is insane Yeah RSS be relatively. Strong at 15 with the RSS with the whole. $6000 of volume bro like. There are other there are other tools we'll have to pull up the Odin board. I'm curious what what that looks like. I'm not sure if I'm yeah, let's see what what's going on on Odin over here. Oh, it's. Flashy. If you filter by volume, let's see what we got. You see the volume header on that? It's like it's like the 5th right column. Where like in the.
Actual table there. 57 million, that's gotta. Be fake so there's huge. Volume pumping through this, but I don't even know what these oh those lifetime. Volumes. They must be lifetime. Yeah, they have to be and that has to be. Like spoofed or something? Maybe. All right, so maybe dog and pups aren't even on here yet. No, they're not. They're not. They're not. I saw Bongo tweet about that shit. He's like it's time to put our
the actual ruins on there. So maybe that that that's our saving grace is when dog and pups get on on this Odin site and they can have more liquidity and live trading volume. So we're holding our breath. We got to figure out RSIC had promised something big coming for that 888-8888 Bitcoin block, which I think is coming up in a couple of weeks. So. I'm holding my breath. Yeah, the RSIC definitely don't. Hold your breath please, we need
to arrive anything in months. So I'm sure it's going to be huge. It's going to. Be huge, man. You're going to be so tired of waiting. It kind of be you're going to be. So the code is bounced. Y'all BOUNC. Actually, let's bring it up. Let's go. Let's do the giveaway. Are you guys doing the other show later? Underexposed. Unexposed. Yeah. Are you switching? The name to overexposed already, no. We can't, but we are all personally overexposed to the industry we show up to every day.
Oh yeah. Yeah, I can't wait though, cuz you know, like I Jenny, there's a side of me inside of me, obvious as a primable inside of me that.