Yo-yo, what up? What the fuck is going? Good morning. Good morning. GMG. Tuesday, January 21st, 2025. Look at that. Another beautiful day to have a beautiful day. I got my coats in the house. Tyler. Tyler. Tyler. Good morning. How you doing today? What's going? I don't know what just happened. Somehow I seemed to have cut myself and I was bleeding profusely right as we were going live. So if I have to duck out for a
second, you'll know why. But it's been a little bit of a rock in the morning here in the markets where we're also selling off on the leash. Cut your face. Don't know your intros, Give me a SEC here. This guy. So Tyler cut his face and he's like bleeding. I have no idea what's going on. I'm like, I'm like reading the full My hour chat and it's like, hey, Brooke, you may have to do your introductions together. It's alone. Because Mendel's late.
Because Tyler cut his face. Like me cut Tyler's cut his face. OK, well, today Tyler's gone. Mendel's late. Oh my God, it's so funny, man. Let's let me get let's post a broadcast link and everything in the meantime, you know the vibes it's Robert loot box spin day today. So the the. I'll come keep you friendly. I'll come sit with you. It's OK. Oh funny. Oh my God, what is happening? Things that we deal with in live production, right? This is this is what we deal.
With why, How did he cut his face? I don't know. I just saw that he was just going in blood. I thought, shit, I don't know, Maybe if it's got like a shaving cut or something because he's a clean shaving kind of guy and this maybe it's something that just. He must have clean shaved this morning. Oh, Tyler. Tyler did it all right. Let's so funny. I don't even know what to do. It's hilarious. Brilliant. Intro Roll your usual intro Go with it. All right.
Today on the show today, today, today. Well, what do we got? We got the market report. Reminder's not here. We got Tyler's top 100 Tyler's not oh, but lootbox spins at least dad's here. So you know, get retweeting, get sharing, you know the vibes as we're going to get some spins going. So I want to see some retweets on the show. I want to see everybody pack in get in here. Are we going to free Ross today? Let's see. I know we got the the executive orders that we're going to be
following pretty closely. I'm not sure what time that's coming in. If anyone knows in the audience, just hit me up in the comments and let me know what time this starts going out. There he is. He's back. The man, Tyler. We're just going to roll with it. I can't find any bandits. I have 100 bands in this house. I have no clue where they're at. So we're. Clean shave this morning. Is that why? Yeah, what happened? But is it a shaving cut? Maybe I. You look like a clean shave type
of guy. Yeah. So apologies. For those you could, dude, you could. I was just like, so take I was like laughing because I'm just seeing messages in the chat like be careful. You're going to be alone. You're going to be alone. I mean, I can go to mirror and markets. I can go to what markets we got to take. Where's the wifey? Wifey come help your boy. My damn kids have hidden all the band aids like we have hundreds of bands in this house.
I have no idea where they're at. Did the kids actually hire the band aids? That is hilarious. They are. Oh my. God, man, that is too funny. That is too funny. Anyways, we'll go through the show. Stop wiping it. People are saying it. Stop wiping it. Hold on the tissue on it. Hold the tissue on it. There you go. Stop wiping it. There you go. There you go. All right, you, you hold that tissue on to down the show. OK, let's go through market
report. I think we do have Tyler's top 100 today, so we'll go through some topics and see what's good. Let's see what executive orders come into them. I'm pretty excited for that. I do think we're going to get a few. Let's talk about this a little bit then rule but lose box spin. As we said and as usual, this show is powered by Galaxies. Galaxies Web 3 platform empowering creators and brands to build unstoppable communities with full ownership and independence.
In independence, sorry, trusted by icons like Donald Trump, Stevie Okie, Mike Tyson and the NBA shipping together the future of engagement, but also Fair Side network. Everyday we see people's wallets get drained. Fair Side is about to launch the fair alternative to insurance for crypto scams. Check out Fair side network on X. If you get wrecked, you won't get drained. Tyler, we'll go to you first as Mendel's not here and go through the topics. I'm sorry I have to put you through that.
That's the only thing I can do right now. Folks, our crypto majors are going on an absolute roller coaster ride. After no crypto executive orders were signed by Trump on day one, though expectations were high. Bitcoin now at just over one O 3K. Also there's a handful up five or 10% hype. Hype is actually leading the way up 13% today. You'd love to see that in macro headlines here.
We had the Trump WLF team by over $100 million in major crypto tokens that included $47 million each of Bitcoin and Ethereum. So that was their big announcement for yesterday. We had the Ethereum Foundation commit to using 50,000 ETH to participate in D5 on Ethereum. Amidst some broader fun around its leadership, Trump picked Mark Ayuda as the interim SEC chair until the permanent chair is selected. He is widely thought to be pro crypto. Michael Saylor news this came in
this morning. Bought another 11,000 Bitcoin through MicroStrategy so big Mike keeps buying El Salvador. Not to be left out, they bought 11 more Bitcoin for their strategic reserve. Despite promising to slow down stablecoins. Folks, stablecoins have gone parabolic on Solana in this past week. I encourage folks to go check it out. Up over 50% now. Over $9 billion / 2 billion in USDC minted on Solana in the past three days.
So some big action over there. Money is coming on chain in token AirDrop and protocol news folks, we got the Jupiter AirDrop news this morning. It is coming tomorrow, 10:30 AM Eastern for that AirDrop claim. It is a claim, not an AirDrop. Blast delivered its blur gold, leading to speculation that the blast AirDrop might be coming soon and the million announced its AirDrop details requesting registration by February 3rd.
And then shout to Wasabi. Wasabi launched a new Solar Burst game allowing players to speculate on mean coins. No buy in and then the top, the top PN LS get real cash prizes at the end of the seven day period. In AI crypto news folks, it looks like AI is starting to creep back up here. Leaders still down, but but the lower mid tier saw several tokens up 30 to 70% on the day. Hollow Tatsuo, UBCY&E, Tank and Moby were some leaders.
Fartcoin continues to dominate mindshare despite its pullback. Some updates here. We had Eliza debut new D5 functionality, including recentering and rebalancing LP positions. The Ava team released its Hollow World launch pool with Ava stakings. Now you can stake your Ava and earn Anon, the Hey Anon protocol from Danielle Sesta. They're integrating Kaido social data to enable automatic trading based on mindshare growth or decline. So that was an interesting one.
And then Speaking of Kaido that they teased 2 new tracking dashboards, 1 seemingly geared towards just AI agents in memes in NFTS Meme coin majors mostly read here. This morning we had some breaking news before the show. This Rex company or fund has filed for several ETFs, including a Trump ETF and DOGE ETF. We also saw DOGE spike 20% this morning when the doge.gov website was revealed to have the the DOGE coin logo featured front and center on its page. We also had the Zack XPT token
drama play out last night. Token briefly sourced to 90 million dollars, 50% sent to Zack ELP net and the token fell 90% from there. Not a whole lot of NFT action except on Bitcoin. Ordinals up pretty big, up 10 to 25%. Runes up even more after Binance announced 3 futures listings. So quite a bit of action for a whole. Let's go. Our ruins are up. Pops is back to a whole $60 million. Oh man, if Mando was here he would love that last sentence of yours.
For one second folks, I saw the the ruins. I saw the ruins Bull posting happening yesterday and I go to check prices and everything's up like 40 to 50% and then I was comparing it to Friday prices which is the last day I wrote the newsletter and everything was was down. So we lost for OCA looks like. I'm back. I, I refreshed. We should be good. Cool, I was just talking about how runes are up big on the day but actually still down from from Friday which was a little
bit painful. A little bit painful to see. Yeah, it's it's interesting. I mean, it's definitely not right now as is. I mean, if we talk about ruins and, and and there's a million things to talk about, but quickly as is, they're definitely not following the whole trend of like Bitcoin goes up and the Bitcoin eco goes up with it. Like that's for sure. That's that's one thing that's for sure right now.
It's not doing the thing. I'm not too sure what I mean you do think like you're doing the underlying asset to chill before like the the high risk assets within its own chain. You know, you know, get back up. But yeah, puppets sub .1. I was surprised to see that I didn't checked in the bit, but you know, it seems like we have so much trouble breaking that point 14.15 mark on there on the puppet side, even though monkeys do like no monkeys and puppets just not catching a bit above
that. So that's been interesting to see Quantum cats or what .3 Bitcoin for quantum cats is impressive. I'm not going to lie. They've held the strongest for. Sure like there are still three extra men right and and that is super impressive. It looks like the Billy being stopped. Look at that we have we have free chat chat saved your life. You could have like bled out and died, you know? A lot more blood than we than I expected. I guess cheeks are I Yeah. It was that bloody here.
These are like fingers will bleed for like, hours. There you go. Thank you, Ari. It was actually a corner cap that saved your life. It was this person that that kept suggesting that you just stop rubbing it. So there you go. You were saved by an ordinal. The irony. Who would have expected that? Who would expect that? Let's talk about majors here until we get Mando. You're right dude. This majors uncertainty is
really wrecking on meme coins. I mean far coin is speed running to 0 to seek my wallet in absolute shambles. I will not be looking at my phantom balance today, but let's talk about Bitcoin first. Tyler range looks tight now. I like it. I like this hundred to 105 K range that we've been kind of like dabbling in the last couple of days. Obviously seems like we're highly depending on executive orders here.
Last night, Tyler, it seemed like just a tweet of Elon saying that they're going to free Ross was enough to move the market. And So what do you think? Today? I put a poll out on my Twitter earlier, Tyler saying how many executive orders are going to be crypto related? How many crypto related executive orders do you think President Trump will sign today? 1234 more because it can't be
zero in a free Ross, right? That's why they put zero by the way, Like count Ross as one and Elon confirmed it. What do you think? How are you feeling about this here today? 4 is a lot I I don't know that. Yeah, the four plus looks like a lot of hopium from the timeline, I'm not going to lie. Like. Here's where this is challenging. It's like I think some of these executive orders have like
multiple sub components. So like I, I could see there being like 1 crypto order that has free Ross Crypto Council. Maybe the reserve, maybe the reserve has to be separate. I'd probably go with two to if I had to pick like two or three, I'd probably pick two. I think that's where my head is pulling back to the Bitcoin price section. It seemed like one O 2K was the new floor. We we broke it after the EO after the executive order signing finished last night, briefly fell to 100 and then
rebounded pretty quick. Perhaps tied to the Elon pre Ross thing. It's kind of seems like the floor is there right now at 100, but it, it all just feels so shaky and volatile right right now. And I think everyone's just kind of holding and waiting to see like this, this round of executive orders, like what is going to be announced. And I think once we get through that, we'll, we'll get back to like some somewhat normal price
action. The other thing I've been waiting for was like, what what the Hell's going to happen with the, the Bitcoin ETFs today? So they a lot has transpired in the crypto markets since the ETFs closed. Friday at 3 PM 4:00 PM Eastern. And I was very curious if they're going to come in and and be buyers or sellers. My gut was we're, we're they're going to be net buyers today and I'll stand by that. But we still so. Yeah, but it's buying back up now.
It's just, it's dude, like 1% move is like over $1000 now, right? So it's it's nothing. What do they buy? They bought a billion dollars on Jan 17th. Markets open today. They're probably buying into the Trump pump like they're probably the boomers. Are DJ's like us, right? Feels like they're just buying right so far. They're net buyers, right? If, if you like the Trump meme coin, launch as a, if you are out there and you like that as a sign that they're here for crypto.
Maybe you're, you're flipping by the other thing. And, and maybe folks haven't even seen this yet, but the World Liberty team buying $47 million worth of wrapped Bitcoin feels good. Yeah, if you were like on the fence about buying Bitcoin. I think this is a big signal for the boomers, right, even more than us.
Like I know we like to use that as a good headline, but like I feel like, well, if you're a boomer, you're like, well, this is Trump's company and then Trump's company decided to trump and family, right, because every single child of his is listed on the website and you see 47. I mean, it's good for Ethereum as well, for what it's worth, and I want to get to that in a second with you. But ETH Bitcoin Ave. link like this is heavy. These are all ETH, right?
So it's it's all good news on that front. So I wouldn't be surprised. I think like like this range is interesting here now, like I like that we're staying above this 100 and like 100K mark no matter how many times they try to hammer it yesterday. I mean, you and I streamed for like 3 hours yesterday and how many times did we see this range like happen like within an hour and a half the hour and a half
extra. I think you and I watched it can go to a hundred 203 K like 50 different times within an hour. So we'll be interesting to follow here, Tyler. You know, there's still a chance for the eternal range. But for now, I like, I like that we're tight. You know, like I I it's like, right. And I think on the show last week we were talking something around the fact that around 20th, 21st is when we really see like a pop off. So I woke up this morning,
realized it was the 21st. I'm just waiting on executive order at this stage because it looks like this is what the market is waiting on. The other major that's making major news. Is it there? Yeah. It's huge news. So I mean a couple a lot of things have been. Happening. There's a lot going on there. Yeah. Let's unpack that because I feel
like it's talk of the day. I'll admit with everything happening, I haven't been diving into like all of the dialogue that's been happening, that's a lot increasing frustrations around the Ethereum Foundation and its leadership and not being competitive enough or or really being like the right ambassadors. And I think there's been a lot of comparisons to what the slot on leadership has done.
And a lot of folks have seen Solana outperforming ETH in areas where perhaps ETH should be competitive. So, so louder and louder cries. We have Vitalik kind of hitting back at folks. And this was a little bit, I think this cost people by surprise. And he's basically saying that he is the person who's going to decide the new Ethereum Foundation leadership and that the buck stops with him. And that basically said, you keep chirping me. The more you chirp me, the less
I'm going to do what you want. So they're trying to get this a lady to resign really bad right? Aya Migochi Miyaguchi. This koi Mama guy is so fucking cringe. I got to tell you guys unfollowed him 2 days ago. He's like so he's this ETH Maxi Tyler and he has been like the most vocal Solana hit like all cycle.
I had my notification on for a second for him like early cycle and he was like non-stop attacking Solana like hardcore like non-stop dude like this one is 0 fighting it like the whole trade up. Like that whole cope thing. Like literally he's the definition of cope. And then all of a sudden he lasts a few weeks started like fully attacking Ethereum, like Ethereum foundation and like full on full on full on full on full on. Oh I'm going to sell my bag slow.
People are going to realize these people are no different than, like the mean corn bag holders that are, like, super annoyed about the dev not doing something. I must think there's no truth to it. But, you know, if it looks like they're trying to see. So he said no. But if we keep the pressure on, she will resign. So he's trying to, like, use social pressure to like, get the Ethereum Foundation to like to do that. And I guess they got Vitalik on
the whole wartime mark. So Vitalik this morning said that this morning. Yeah. This is not how the game works. The person deciding the new Ethereum Foundation leadership team is me. One of the goals of the ongoing reform is to give the Tim Foundation a proper board. But until that happens, it's me. If you keep the pressure on, then you are creating an environment that is actually toxic to top talent.
It's got a point. Some of your best devs have been messaging me recently expressing their disgust with the social media environment that people you like, you are creating, you are making my job harder. So what do, what do we think here? Like I wrote this morning, Tyler and the group chat you're in like with Jeeves and stuff. And I was like, I think it's like a 5050 thing, right? Like 50% of it to me is like the social media Ethereum, KOL is what we're gonna call them so fucking cringe.
And they've like literally made everybody hate Ethereum, right? Like the Dottie, the Eric Dotties was like, oh, I'm not a Dotties anymore. It's like, yeah, good job. Like after you really ruined it for everyone. It's like all these guys I think are so cringe. A lot of the bank lists stuff and everything. But then the other half is just the fight. The Theorem Foundation has just in my opinion, mismanaged the theorem as a as a business and that's it.
The centralized network is the strongest decentralized network in the world alongside Bitcoin, but it feels like they've the people seem to feel like the term foundations kind of fail them with their mission. What do you think? Like what? What are you?
Yeah, I mean, that seems to be the the bigger frustration from I think the more serious, the more serious folks on the time and like folks like DC Investor, you know, who is, who isn't like going to just do like stupid fun out of nowhere, right. Who who gives? Yeah. He's he's usually more level headed, yeah. And he's been like doing his part to lay out some solutions.
I think there's also has been growing frustration with the differences in UI user experience across Ethereum and Salon. I think like Kobe or someone they were talking about, like if you're, if you were joining the Ethereum team, Ethereum Foundation, the first thing you need to do is like these five exercises. And, and like to say, like try to trade meme coins on salon and ETH to try to, to sell the base pair.
Just to, to like to bridge, just to, to go through the process and, and see how different it is. And like all of us who are doing this, like on a database is like, we know it is significantly worse, right? So I think that that's a part of it. You have the Ethereum Foundation continuing to sell ETH and not really participating in the ecosystem, which it looks like that's a part of what may have changed. So I think that is perhaps a part of the bull case here, the
50,000 ETH promise. I like that. By the way, I sent that to you right away. I think this is cool. Late but cool. And I know there's mixed feelings about like the the Trump family coming in, but World Liberty Financial is on earth. They've just bought $49.00 worth. I think it's actually higher than that. It's more right because 47 mil of ETH but it's also 5 mil of Anna. 5 mil. It's literally it's only Bitcoin and Ethereum. And I think there's a chance it's going to be in the reserve.
I don't know if reserve is coming this week or not. I have no clue. I think there's a chance that the theorem is included in that. You still have like the whole BlackRock tokenization and they're working on 510 year time horizons. Yeah. So where I'm going and like with the capitulation we're seeing right now and with the death of each Bitcoin, I don't know, it kind of feels like there are a lot of signals out there. I think this is the biggest bottoms like honesty.
Eric saying I'm gonna do anything anymore and posting his thing to me. Is the number big absolute biggest bottom signal ever Now maybe you need Vitalik to chill on the whole like you know, wartime orc shit, then you're good. You know what I mean, But I could understand his frustration, but also like he's got to understand he kind of brought himself there. I think a lot of people are expecting Ethereum to be more active. I I I we're users, right of
crypto like we're power users. I like to thank you and I and A lot of the people listening to the show everyday. Ethereum is honestly just so hard to use, so hard to use. It has become and look, I love Man mask. I love the consensus team shot to them. They're involved with what we're doing. It's unusable. You cannot use man mask. It's not a good product, you know, And then you go on Jupiter and then you go on and then you go on, on, on, on, on, on Phantom. Like what the fuck?
Like, why isn't it like that? Like I'm not a tech guy, so I want to go build it. It's easy, but surely it's easy when you have the resources and the devs. You know, I'm missing devs for what we're building.
So obviously some of stuff we're building takes forever, but fuck limited amount of money, Tyler and resources, you know, and so I just I don't know, man, like this weekend, you know, this is when really hit me even more, Tyler, like, you know, I told you like my friends were buying Trump at home, like we're gambling on MMA. They bought some Trump and far coin. Like it's weird about this and
true story. I'm not and I'm not talking millions, like I'm talking 500 bucks and the other one put like $200 in it right still. But my friend, for example, found out. So it's funny. I have a friend of mine. I was convinced him to go. I bet crypto forever didn't. And I'm like make a phantom. He found $7000 worth of chain link in his wallet. OK, that was funny. Yeah, yeah. Out of nowhere that he bought like five years ago. Anyways, he was like, can you please help me?
You know, I don't know how this works. I'm like, OK, let me help you. I was trying to transfer the link to to USDC S into USD, then moved the USDC to the bridge so he could buy in Solana mean coins. That's what he wanted to do. He had $40 in his wallet, couldn't transfer it. It's like what? So I had to send him some meat, like all these things and he's like, for real. I don't understand any of this. Why is it so complicated or why is it so expensive?
And that's explaining, well, there's L twos and there is the base and there's arbitrage. They don't give a fuck about this shit. You know, he's it all came down to why is Ethereum so impossible to use? I don't want Ethereum. That's word for word what he told me. We're trying to fight. If I was going to try to bring a friend on chain, there's 0% chance I would bring them to ether base and there is 100% chance I would bring them on to Solana.
Yeah, all my homies on Solana, he moved that entire $7000 stack by the one Seoul. He bought some far coin, he bought some Trump. And then overnight, like that was the night before everything like 2X whatever. Like obviously like a little down now, but you know dude, it's just really hard to use, man. So I don't know. We'll see what happens all. Right, You can get CB Bitcoin on Solana like you, you can hold these assets like Lana has everything like it's good.
Like I know there's a longer like there's a lot of conversation about just security decentralization and certainly there are some benefits to there. So I'm not I'm not meaning to discount that, but more from just a pure day-to-day usability standpoint. You, you can do everything basically you want to do on on Seoul. Yeah, it's just literally. But I like that E chart and I'm I held the long, you know, we were, we were sweating the long yesterday I held it.
So I still think there are some near term bullish catalysts. Yeah. That are more likely than bearish catalysts for ETH in the near term. Yeah, I mean, it's kind of been ranging in this range forever. I mean, obviously this mega dip here I was wild, but it's literally like what? What it's it's back to prices from February 2024 dude. That's tough. So if you held eighth since last February. You're back to square 1. Even and you missed the whole
Bitcoin run. You missed 50% upside in Bitcoin. Yeah, and Solana and it's coins and this and that. Yeah, 328 days. So that's also what's driving the frustration, right? These guys have been holding Ethereum for years and they're frustrated now. You know, I mean, I don't get it. Like, I just, I just don't get it, dude. Like, honestly, when I saw these people, like, you know, I kind of like start like giving up on the theater. I was like, this is so fucking bullish. So, so we'll see.
ANYWAYS. So it's, it's gonna, I mean, it feels like an Apple versus Android debate. Android user keeps saying it's better and maybe I don't know about Apple's. Yeah, that's it, dude. Like honestly man, like I just feel the same way as you sell. It's like Apple's easier to use. Yeah, sure, I know Android, there's all this crazy stuff, dude, but like, I don't give a shit. Like I'll buy more iPhones, you know what I mean? Like iphone's easy, bro.
My grandma can pick up an iPhone and just like put it up on her own. Like a 2 year old can call his parents on iPhones, right? I bet your kids want to use an iPhone like this. I mean I was an Android user until a year ago and I'll absolutely never go back. It's the same thing with like. I used Ethereum until I started using Slana. Now I. Lily, what made me flip is the day I got onto Jupiter and I was like, whoa, why don't we have that?
And every time I go on unit swap, I want to like bust my head open, you know what I mean? So it'd. Be a good saying to talking about Jupiter. Good SEC to talk about Jupiter. Tell me. Apparently we're getting steamy season tomorrow. We're getting steamy tomorrow, but it's worth much less than it was. Unfortunately folks, Jupiter is down 35%. Yeah, but it was up 30%, right? It's it's, it's up on the week. So Joopers up 8% on the week. It's at $0.85. Oh, OK, that's good.
It was $0.70 on the show last week. I know, but it hit $1.20. Yeah, yeah, this weekend. And of course, you know, that was maybe a little bit of a blow off top. If you would have asked me at that point in time. I actually, I thought that was going to hold through the AirDrop, but clearly now folks kind of front running the AirDrop, the AirDrop. So that's the news. The AirDrop is tomorrow, I believe 10:30 AM Eastern. It's 330 UTC.
I think it's five hours, so 10:30 AM is oh, be live during the show. So we might be able to track, you know, the volatility, but that's a very nice stimulus. Yeah, Speaking of, yeah, go ahead. Sorry. Like 700 million, I think is, is basically what's been targeted into what is already like a very liquid Solana market. And it, it we're in for a it's presenting a very interesting trading environment here on Solana. So, so here's my read and I'm curious for your read, Trump comes out.
It makes several on chain trenches warriors, a lot of money in a very short period of time. One of the impacts is that it wrecks all the other markets and a lot of those same people and other folks simply exited and a lot are stabled up and, or just holding Seoul, but they're not getting out of the casino. They're all actively looking for
where to redeploy. And it really feels like we've been in this kind of holding pattern and everyone's kind of waiting to see like what what's, what are the first movers? Where is the, the, the sole hot ball money going to flow? Guess what? The hot ball money is much bigger because there's 3 1/2 billion dollars of of new fresh stable coins on slaughter. And so the the ball has gotten bigger. It's, it's not just total salon of PvP. We actually got the PVE moment.
The folks who use their debit cards and credit cards to buy Trump token on moon shot. That money is now on chance. A good a good chunk of it is now we have a $700 million stimulus coming from Jupiter. It's January, it's mid January. So folks aren't really thinking about taxes. Folks aren't really thinking about into year stuff. They're thinking about where can I run this up?
I, I think, and there's a longer discussion to be had about like, you know, where we are in the cycle, should you be taking profits? But I I feel like it is potentially like an explosive moment here. Dude, yeah. I mean, I hate to stop you. We have two breaking news. They're not executive order related, but they're on top of what you're saying. So Justin, the Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it.
So that's just in literally 10 minutes ago. So it's good news number one. And the second one is Jeremy Allaire, CEO of USD of Circle just announced 3 different things. So this is about to be every company right now. We have acquired hash note issue of the world's largest tokenized market money market fund, USYC. We have entered into a strategic partnership with Global Trading from DRW to drive USEC&UZY and crypto and Track 5 markets.
We have because it's relevant to what you're talking about, right stables. We have announced our plans to launch USEC alongside USYC on the Canton Blockchain network. This is just nonstop. Like obviously we have to let that simmer and see what we make of these, but just it's going to be banks and large companies announcing stuff nonstop in my
opinion. It's getting easier and easier to, to put your money on chain and imagine if USDC yield is better than the yield you're going to get in your bank account. Imagine if you can custody your USDC with Bank of America and still capture that yield in some
capacity. And bro, this is, this is in the bank's incentives because the more assets they have on their balance sheet, the more that you know, they can do with respect to, to lending it, it enables them, it, it grows their pie that they can, you know, lever up on effectively. So they're going to be, they're going to go gangbusters for this. Why?
Why wouldn't they? And now like the regulatory, like we're going to get the regulatory framework like all, like everything is pointing in that direction. And the more capital that comes on chain like you have to assume that is going to grow the whole pie and like the path to 10 trillion, like we are seeing the building blocks that the dominoes that have to fall or crypto to get to 10 trillion, like they're being put in place actively in front of us. Yeah, it's it's just so obvious to me.
I don't know, like people just you know, this is a very like volatile week that sucks, especially for meme coins because like you know, meme coins just get like destroyed during like these weeks. Obviously doesn't help that, you know, you have Melania and Trump like the drop coins back-to-back, which suck the like a lot of liquidity, but you have Jupiter tomorrow, like where this is Jupiter drop goes. Nobody's holding Jupiter, by the way.
I mean some people may be like the average DJ is not holding Jupiter. He's going to take the STEMI and he's going to take his cash to his favorite meme coin, right. So I don't know, I just see there's just so many catalysts on the way and now you also have another one. I mean Bryan Armstrong's on CBCNBC. Look at this dude. It's it's like a reverse attack. You know, look at this is. Right now this is like 8 minutes ago. Let's play this.
We have seen just you know incredible growth and I think it hit an all time high yesterday. So we feel very good about that. But I think over time we'll see Bitcoin get into the millions, multiple millions of price range. I mean, it's being adopted by more and more institutional customers. The ETFs brought in a huge amount of inflow. If we get clear legislation passed in the US, that would be a big milestone, strategic
Bitcoin reserve. If the US took that path, probably the rest of the G20 would follow. In fact, you know, I've discussed with a number of finance ministers here in Switzerland from different countries around the world, just the idea of a strategic Bitcoin reserve. They're getting more interested in it now because the US is looking into it. So I think Bitcoin has a long way to go. It's going to be the new gold standard out there. And crypto is really much bigger than that too.
It's it's about payments. As the West, the World Economic Forum starts today, he's in Davos. So we're about to just get like last year. Also is counterfeiture all getting good news? So it's going to be 4 days of this. By the way, that's why news from Circle just came out. How could you think that the top is in with all this? This is all just starting. And maybe it, maybe I'm foolish, maybe I'm naive. I just don't I'm happy to be
wrong about this one. Like the, the, it really feels like it's just kind of all starting to happen. And I got, I'm not saying there aren't going to be pull backs. I don't know what it means for price action in the near term, but I, I really, I, I'm strengthening my belief that you that we are going to throw out any kind of the previous four year cycle thing with with 70% crashes after run UPS. And maybe that depends on how far we run up. I don't know. But it just feels like a
paradigm shift. Yeah, yeah. It's it's it's really interesting, but I, I, I just yeah, that there's. I know you, you kind of went down the macro hole again, but do you want to pull back to slot for a minute? It's like, so I laid out my my case out where I, yeah, of course do. You want me to pull one out for some? Like what's your read like? I feel like you're kind of in that boat too, like you deployed. Like are you actively looking to like make moves?
Like what's your read on kind of this current? I put half my money in JLP and half my money in far coin. I'm down horrendous on far coin right now, so I'm not going to look, but my swings on far corners are massive. So I'm used to it. Like it's my I'm just like reliving mog here and so and obviously my E bag is untouched
like wrecked mog. I'm not like when I say I'm half and half like it's because most of my money, like on salon and blockchain, right, But like I never like I have a very big position on wrecked. Must be a top 20 holder, top 25 holder. And then of course, I have my mug forever. But that's what I did, man. I, I put quite a significant amount with GLP because, you know, I think Mandel really convinced me here to make a better decision just in case the mean, because I'm a very, very
high, high, high risk trader. And I've been hardcore high risk for the last few months. Like at some point a few months ago, I sold all my stolen ether meme coins, which obviously is pretty good, not insane, but really good. And I'm back to being like half, half high risk. And I don't think GLP is too much risks of the, you know, the USDC side and everything like it's 40% stables, right? But yeah, I'm, I think this is the time to still be risk on
obviously NFADYR. But this is where I put my money in my office publicly all the time, right? So I, I'm still very bullish on on, on what's to come. Like my thesis doesn't change. You, you see me bull post the most because you're in like a couple of chats that I I'm active in. So you, you see, you know me
very well at this stage. Like if I say I'm convinced Farkon's won the $5, for example, and I said that what, Sunday or Saturday, I'm not going to change my stance because at 1:50 this morning, you know what I mean? If I had money, more money, I would buy more here. But I have strict orders from my quant Mando to not touch my GLP and to protect it at all cost. If I could right now, I would grab a half, $1,000,000 and put Farkon at this rate, right?
But I won't and it's my fault. I pulled the trigger too fast after a big Trump trade. I should have waited 36 hours, but it's my fault and now I'll just wait and sit it out. I'll be community members, it's OK, I'll just bull post my bags. But you know, that's how I feel about it. Like to me like Solana is super bullish.
The whole Ethereum stuff going on right now while it's bottoming out will take a little bit to help play out good for Solana at the end of the day, which how much as much as I hate it because I'm not APVP guy, more like PVE. So you know, and I like the Solana trade. I like the Solana ecosystem trade. I think Mando's right about radium and clearly the market is showing that he's right. I mean, I think his thread helps a lot because he's like Chad and people listen to him.
So perhaps some big money flowed into radium post his like I have AI know someone that put half $1,000,000 on radium just because of metals threat. I mean, like it's just like, yeah, it's because I think he he laid out a very like, you know, man, he's a very smart trader, right? When he's right, he's right big when he's wrong, he's wrong, but like he's mostly right big, right. So yeah, I think I'm I'm super bullish man on Solana and sequel system. I think it's going to thrive.
I mean the other day Trump coin is on Solana as well. So say Trump coin is part of this. Let's let's talk about this crypto reserve thing, right, because like men put a tweet yesterday, he full parted Trump right. I know a lot of you guys on the Trump trade like you and Ovie and I don't know men, though I'm not sure he is, but I know Ovie is.
I think whiz men, Frank, TG, like all the, you know, big characters on X and you know, they're talking about how like, there's going to be a cheap crypto reserve and that Trump's going to be in it. Like, I'm not sure it will, but let's say it is. Well, let's say Trump does go higher. Surely the online line underlying blockchain goes higher too, right? I think that's a good bet. Yeah. So, so you're saying you're bullish on Solana because of
partially because of Trump? I mean, that was a big part of of my so long thesis this weekend was if you the Trump token just added what, 38 billion FTV and Solana kind of looked cheap comparatively. I guess that's kind of what Mando was saying. So we've since seen, you know, the Trump token fall by 30 billion or so. And Solana fell with it, right? Yeah, exactly.
And the FTV, well that the ETF news from this morning and folks like this is like this Rex Fund, I haven't had a chance to dig in. This was right before the show. I don't know how legitimate they are, but I don't know if they're going to get the ball over the goal post. But it was kind of the 1st signal to me that a Trump ETF is a non 0 possibility here this year. Well, there's always going to be non 0 in all these things, right? Because what do we know?
Like we have a crypto president. Now well, I already thought we were going to have a meme coin ETF, so like that was already part of a. I'm convinced as well. A basket, right? And if there's a basket of meme coins like the for charters, it was going to be Doge. Now it's like if you're, if you're firing up this and you have to go sell this product to people, you don't think you're going to put the Trump coin in it like. It's so funny you say that. Wizard tweet 3 minutes ago
tweets this out. You guys are hilarious. Strategic meme reserve is not priced in. Fart Coin. Penguin Trump. Yeah. I mean, I don't know if fart coin would be in it. It doesn't need to be in it. I'm just going to say I'm in for that because I always see like my bags but it's so funny. I agree with you though. If there was to be a not a reserve, by the way, I don't think it's going to be meme reserve, but meme ETF. Yeah, yeah. Those are very different things,
like a reserve and an ETF. Yeah, and the FARC one will be funny because it's tried fine. The tried fine. Guys fucking love this thing. But look, I think what's, let's talk about this strategic reserve thing, executive orders for a minute, Tyler. So that's something we're all waiting on today, yesterday night, Elon Musk confirmed, literally confirmed that Ross will be pardoned. And we're talking about a full pardon here. Like not just like his sentence will be commute commuted.
Is that the term or something like that? There will be a full on pardon for, for, for, for Ross, which is a pretty big signal, right? There's that. Yeah, I, I personally have have cared less about this than the other stuff, but I know a lot of people do care about this. And I think that the primary signal is if they do this, it means they're that he's likely to follow through on the other crypto promises that were. Made and then there was this.
In addition to sign an executive order establishing the Crypto council, crypto policy leaders are also expecting Trump to sign executive order banning the creation of CBDC. Unclear when exactly those E OS may be signed. So this is my current base case. Like I, I think we're going to get the executive order that establishes a crypto council. Like that's, that's the low hanging fruit. It's not controversial, You know, there's less to be worked out. I would bet that that happens in
the next two to three. Like I think it happens this week. The wild card is if we're going to see a strategic reserve, which I would have said was like 30% And then like there was there was just so much more growing chatter in this past week from folks like Sailor, from Loomis, from Bailey. And granted, like that would benefit their bags. So like maybe they're talking a lot of pocket. That is what made me think that the reserve was more like 50 or 60% chance to happen this week.
Like you don't think it's going to happen this week. So like you've kind of got me a little bit more like hesitant that it's actually going to come this week and it's like talking out with folks and, and maybe it's better for us not to come right now, yeah. I just don't want people to have the expectation that this to reserve is everything like you included and everyone like I just like because that way also if it happens, you're more for it too.
You know what I mean? But it's just like, and now, you know, I'm starting to also change my stance on like, even if we do get a reserve, it's not going to be Bitcoin strategic reserve. Maybe it's a crypto strategic reserve as a whole that has a basket of crypto. I. Think it's more like. An interesting play, right? Including Ethereum, including Solana, whether it includes the Trump corner or not, I don't know. Like, I think also I was to explain this to the boys yesterday.
There's a big difference between Donald Trump the president, the politician, and Donald Trump the businessman. And you have to separate the two of them When you like, when you think about him. Now that the real Donald Trump account is gone, he's not going to tweet about his name corner on POTUS or Mahue or maybe, I don't know. I don't think he would, right? I think it's pretty weird. Look for the president the day after he just got elected, maybe in six months. Ask me again.
So like, you know, a a crypto strategic reserve that probably includes a basket of the top top ten at this stage, maybe even Tron for what it's worth because of world liberty financials. But again, that's business. That's business. Trump. So politician Trump, I think would do Bitcoin, ETH sold XRP XRP just because and I have no exposure. I'm just saying like it seems like it's like American coin. I mean, it's, it's #3 right? It is #3 after all, you know, top three crypto, BTC and XRP
not sold. So by the way, the code is abstract, abstract ABS tracked abstract code, Robidoc or some raffle ball dot XYZ abstract is the code. But what do you think? Like let's talk about this for a minute. Like what do you actually think is going to happen? Like and and when is by the way, is he going to televise it again? What I'm struggling to see is like, so part of the big question to reserve is they were we were going to go out and buy, you know, X amount of Bitcoin for five.
Years and not sell the one we have right? Is the US really going to go out and buy Ethereum and Salana like that? Feels a little bit more of a stretch to me. Because. One way they could do it is allow traders to pay their taxes to the US government, and that actually makes a little bit more sense. Fiber. And actually go in and acquire and then they can just keep it. I like that. Interesting.
I think like they, what they could pull off today out of the hat is like executive order on Ross, executive order on not selling the remainder of the Bitcoin that they have not announced that they're doing a buyback of Bitcoin, but that the Bitcoin they have goes into a strategic reserve and then they can go and announce all the buys and shit later. I don't know, I just see like I just yesterday I was looking at the timeline and, and I know I was tweeting about this or
texting about this, whatever. I was like, I think we like, we think crypto's too important, man. Like this. It's like I'm in a funny tweet yesterday. I think people like that one. It's like that. I can't believe Trump prioritized political prisoners over my meme coins. Well, and part of it too is like I saw tweets that everyone in CT is watching the one minute chart and not the one year chart and that that drives it too. And like I'm one of them.
Like I was literally watching like the one second, like hype 2 moves on hype yesterday, some longs out there. And like when you're in that mindset, like yes, like you get your hopes up for things to happen on a. Daily, yeah. And it's fun and it's like a part of the game. It is. You also like can't you can't lose the plot.
Like you can't think that the cryptos cycle top is in because Bitcoin went to 100K because Trump didn't sign an an executive order on his first day where he only signed like 20. Yeah. Nonsense. Yeah, that's the thing. Barely. I watched the whole thing. I don't know, Yesterday I I loved yesterday. It was so fun to watch everything. By the way, was it? Was just over the top, like they had marching bands.
They had an answer and when he threw the pins into the crowd, like at the end, it's like this is the penultimate showman. Well. Baron Trump though, like that MF dude I fucking love this kid like the fucking. Embarrassed. Man, that was a standing ovation for the kid, you know? Yeah, they really like this kid. Oh. Man, he's so funny, dude. There's a lot of beer and token drama. Probably not enough time to get into it, but. Yeah, he's just so look at it. Look at this.
I didn't know he was 69. He's a giant behemoth. This other game, this other game, this, I mean, this is how tall he is by the way, True, this is real video. I I saw this like I I lost it. So I knew how tall it was because like when I was when I was Mar a Lago, like these guys were showing me pictures of them and Baron and I was like, holy shit, dude. Like this guy's like like it. These guys are already tall, right?
They're sitting in front of me like they're like this tall because I'm short and then they're like even taller than them. And I was like what? Like it was impossible, dude. ANYWAYS, so that was funny. What else? What? What else do we have time to to to sum up in a couple minutes here I can just send. A quick AI recap this problem, it looks like, you know, some we don't want to get, you know, too happy on a rebound here, but a few of the leaders grinding up.
So AI16Z back up 17% here, Griffane up 13 percent or 80 arc. Wow. Since 475 so those that that particular pocket had a nice day and then there were some nice winters downstream as well like swarms up 25% Moby up 31%. That new token is back to 100 million. So it's that's looking very strong for its first week being amidst all this like total bloodshed. You had Y&E up 48%. Let's see there a handful of others, but granted, the green looks a little bit stronger because.
In an arc man. Everything just dropped by 50%. So like. They're back to good levels, man. Like they're back to comfy levels. I don't. I don't neither, but this is a very comfortable level. Yeah, I mean, you, you really can't be too down on ARC, like no. It's you're gonna completely be down on ARC unless you bought the top and we're close to the top right sort. Of looks pretty damn good. This is fucking incredible. I love it. I love this coin. I own none of it.
I really like this coin. Just makes you smile. It's looking at the. Brand, man, it's a good vibe coin. It's good :) to PFP, dude, you know, even with me, like you know me, I'm just pounding my I. I wish I was in those early on, but I really like these two coins man. Yeah, Griffin's been a tough one for me. It's like I I had a very large bag early and then I went to go use the website and it was just totally non functional. Yeah, I feel that.
I sold it all. Don't use the product brother. Don't take these. Products Product on AI Salata. Do not use the AI meta products because you will immediately dump your bag. There is nothing there. I mean for the most of them. I'm not saying Griffin doesn't have it. I'm not saying they're not going to try this. So please don't twist my words that you want. I'm just saying like in general, don't like in NFT season, do not look back then at where the team
like what's the backgrounds are? They're business acumen. They just don't look left curve it, smash a pan on your head and then go buy stuff. You know, I hate that this is the best advice I can give everyone, but think about it like go is the most make curve play possible. It's down the most right? And you know, I mean, look at this. Oh no. Look at that. What it just keeps. It didn't even bounce today like Griffin and Ark. Not even I don't know why, because oh surely it's going to
be the first one. So surely it's the first thing in starting that. No, nobody cares. Oh, so this, this kind of goes back to where the point I was making earlier, like, and I think Razzmar tweeted this and I, I don't agree with Razzmar 95% of the. Time. What do you say? He said that he feels like we're in the Great Reset and that basically everyone is stabled up and looking for the next play. This is very accurate. And I do think that's accurate. Like that is awesome. Sorry.
Go ahead, there was a cut. My bad. No. And that that is my gut feel. And I think that is like if. This is true. You're, you're holding the 2023 memes, the 2024 memes like you. I think you have to really evaluate. Like, do you think people with fresh stabled money right now are going to go buy those? And if not, like, is it time to, to cut the cord and look forward?
Like, I, I don't know, I, I, I feel like the next couple weeks, you're going to be very pivotal to, to kind of show us what this quarter is going to look like. With all that said, Trump just threw a curveball into the entire quarter by dropping a meme coin on Friday. Well, the Melania thing is really like fucked everything right? Not even the Trump thing. Like whoever is behind the Melania 1 is a fucking idiot. Like I mean good for you made
money, but that was the one. I don't think this Trump one like it did throw curve value right, but the millennial 1 was really the one that fucked shit up. It was no new Trump family coin yesterday was very positive. If we don't get a new coin today, like I mean, my stomach was in knots yesterday. I said that and it was because Kook's out here tweeting. Then there's 3 coins. You doing kook? Fuck you kook. I like the guy now. Like I'm just I'm fully over the
whole kook for oak thing. Back then we started early cycle, like, dude, you're pushing the buttons. Coke, Yeah, you're get your Canadian. I'm going to fucking get your Canadian ass back to Canada, all right? I'm going to have Trudeau put you in a in a fucking box and stop tweeting, dude. All right, back to Canada. There's no more tokens coming. When we got the second token on Sunday after a Friday night debut, it's like no one could be fully sure that there's not more
coins coming. But every day that goes by, like, we get a little bit more comfortable, like. I I agree with you. This is funny. I I think well for what's first guys, relax, nobody these they're not dropping more coins. In my opinion, Trump cannot tweet more. As a matter of fact, I cannot agree with 905 and I tweeted yesterday like Trump may never tweet about his coin again or talk about it. There's a chance this happens as well. That doesn't mean it's bearish for Trump coin.
He put it out there, it went to $75 billion. It went up Infinity. It's still 30 plus. It's now Trump's attention coin and Trump's going to have the intention of the entire globe for four years. You're good. You know what I mean? Like every mention of crypto from Trump, even Bitcoin is good for Trump coin probably at this stage. So we'll see, but it's going to be huge. Does anyone know when the executive orders are today? And let's get to this giveaway thing.
But when anybody know in the chat like what do you know Tyler? What time does he get back on the saddle? No idea and honestly I I don't even want to follow it minute by minute. Anymore it's impressive the 80 year old purse man being able to all like yesterday I followed the whole thing right.
You and I were like watching every stream together, Like from the signing to the parade, to the lunch, to the executive orders, to the arena, to the Oval Office, to the party after, to the I have to say I I got mad respect for the hustle. I mean, you know, they showed some of the videos of like when he was on the campaign trail, it was even more than that. Like he gets on the plane at 5:00 AM. He, he flies. He's. Always on the plane. Gives a speech, flies to the
next event. Fundraiser flies to the next one. It's a night time speech like. He's a real 1. The man can do it. He's a real one, dude. That's what it is. Just relentless. Like I, I know people sometimes hate to hear it, like when you like give this guy his his flowers, but like, I don't know, man, like he's a hustler. So I respect, you know, like game recognizes game type shit
and so it's pretty cool. I mean, you know, that's what it is. All right, since let's do this and then tomorrow we're gonna have some more topics going to more markets with the wrecked Mando.