Yo-yo, what up? What up? Good morning. Good morning, GMG. Thursday. Thursday. Oh yeah, I like Thursdays. Thursdays. No. Thursday, Thursday, October 10th, 2024. Four. Four. Look at that. Another beautiful day to have a beautiful day. I got my coast and I was Tyler. Tyler. Tyler, how you doing today? I'm good. I think I might be kicking this cold I've had the last few days. So so that's a positive. Coins are doing OK. But news, man, news is picking up.
Feels like Q4 is really getting into motion. The headlines were flying yesterday. They're flying this morning already. Lots, a lot to get into. I love that, I love that. Let me Oh my nose here. There is definitely a lot to talk about today. What up Mando? Good. How are you guys? We're we're, we're vibing. We're vibing. We're thriving. I can tell you're busy. Looks like you're both kicking off that cold. You both sounded sick, like I think, yeah. My woot band told me. That I.
Was sick. Oh, you have a woot band now or no you have had right? Or you. Told me I was sick from Monday. I guess both sponsored by WOOP or something. My did I miss the the the the memo about whoop I got an O-ring? I had an O-ring for a while but then I got a woop. Oh it's true you had the wording a while ago. I remember last time I saw you for a. Long time. Yeah, yeah, yeah. That's, that's that is very true. That is very true. Anyways, all right, all right, I
don't mind. Just got a busy, busy time today. Let's get right into this today, the show today, today, let me post that broadcast daily market report. We had CPI this morning. It looks like it was quite a little bit of a mess with this so that I don't know what I'm saying, by the way. So we'll, we'll see what my other thing, my favorite trader thinks that this is a non event for crypto. And my favorite traitor is Mendo.
So we're going to ask Mendo, ask Mendo his thoughts on that because you probably saw Wizgo live this morning and KBMS and everybody tweeting about CPS. So let's talk about that and then we'll have Tyler's top one. We're back to 1000. Is it fair to say back to Tyler's top 1000? Perfect. Back to 1000 and and then we'll
do 2 robot spins. We had a little you know, incident yesterday on the on the show and and hopefully no cats jump on no keyboards and and we'll be fine since today is not even he's so stressed out he's not even bringing his own account on the Twitter spaces. He's like, he's like fucking false that he's like, he's like, fuck this. His cat yesterday jumped on the screen for everybody. That's what happened at the end on his on his keyboard.
His son ran into the room, his cat jumped on the keyboard. The keyboard activated the wrong screen, blah, blah, blah, blah, blah. Anyways, we decided to push it today so to double up. So make sure you're tweeting to Twitter Spaces. You'll have a specific tweet to comment on blah, blah. And then last but not least, this show is power the galaxies Galaxy.
What seamless built in monetization tools Galaxies enables the development of sustainable long term communities fulfilling bitcoins visions of decentralized freedom and independence from centralized control. Anyways anyways anyways anyways Mando, without further ado, talk to me about the most important CPI of the year. Who is the Marian Macro daddy of the land? Can you dig it? Yeah. GM, everyone. You're doing right now I've got so. Much to do. Right. Now are you that busy?
Are you doing your mail during flower like dead ass? Oh, can you guys hear me? Yeah yeah dude, I've got a lot don't believe the hype CPI, I mean it was down again down again month on month like yeah it came in nought .1% expected. I put, I put it out on, on my tweet, my Twitter as well, like like, OK, it's at 2.4% rather than 2.3%, but we're still down like down, down, down, down, down every single month.
Like it's slightly hot and we haven't had a hot figure since April. But I think that's, remember, these things are against forecast. If you look, we're actually down versus last month, which is down versus the month before, which is down versus the month before, which is down versus the month before. We're just going low. We're just slightly higher than the forecast was. So I think we'll still see 2 great cuts this year coming. That's, that's my got.
I think that's what Powell said. I think that's what we'll still get. So I think he's probably given decent forward guidance there about what he's going to do. Yeah, I just started to tweet this morning as well. So we'll see the rate cuts question for that, that are left towards the end of the year. What are we expecting in terms of like the amount of rate cuts, like is it one or two? And is it like by how much are we expecting? Like how many bibs? People are expecting 2 now.
Sorry, people are expecting that's be one or two rate cuts basically from now until year end. And the expectation is both probably for 25 bips if 25 to 50 bips total, which I kind of agree with. But Powell in his last speech said basically it's probably going to be two. So I would kind of get guided by that. This figure doesn't. I don't think changes that that much.
Wow, OK. But what I do think is you're seeing a stronger dollar, which I think is interesting and that that may hurt crypto a little bit. Like the dollar's a 2 month highs. It's come back relatively strongly after looking like it was going to break down. And that was part of the reason for cryptos rally. I mean, when we're talking about anything crazy, it's up like 2% over the last over the last three weeks. But it's it's enough to to get people to notice. OK, OK, love it, Love it.
I I don't remember last time I checked the mail. Brother, this is this is male I. I I is that like male? The licenses, my friend. Oh, is that not like, is that the actually that's on the post that you want? Do you in Portugal? Like do you like take a horse to go to your like little mailbox and then yeah, yeah, yeah. Is that is that did you have that still like paper mail over there? We have paper mail. It's pigeon. Pigeon and paper.
That's that's how it's done. Oh, Tyler, Jeff, did you still read the mail in Chicago? We get the mail about once a week. Once a week. I don't remember that. Yeah, I remember last time I was in junk. I guess I do have a mailbox downstairs. Vanessa must check it. I don't know. Every time I check it, it's the landlord. His shit. It's like 40 fucking letters from for like the previous
tenants in the landlord. I just like I put them back in in back then so. So in terms of macros like, that's the only thing that has happened today. I don't know what happened. To CNBC, like sorry, what happened to stocks and stuff like that? Looks like we are marginally lower, but we've just hit all time highs yesterday. We're down nought .1% on stocks right now. So a bit yeah, nothing burger.
I would say dollar is definitely stronger, which is something to note about and and bond yields are back up above 4%, which is fairly noticeable at least on the 10 year, the two years kind of not moving as much. OK. And then and then, yeah, I don't again like Bitcoins holding up. OK, it's like 61 K. You should eat underperform a little bit again, Solana. I guess Solana's underperforming
a little bit as well. All coins like for me meme coins are definitely down but Bitcoin has hasn't really moved the the only real headlines for the biggest ones with this FBI thing about the the meme coins. To that. Or the AI coin where it was and that that Stripe had reinstated crypto payments, which is is relatively big, although was already known that they were going to do that. So I don't think it was like a big shock to the market.
They've decided to do that and then this Trump, this Trump thing, whether we're going. To run. Crazy amounts. Yep, Yep, yeah, we saw that. All right. Well, look, that's about it for the market roundup. 60 point 8K Bitcoin 2.3, let's say 2 point 2.4 almost KE 137 dollars Solana top gainers on the daily consisted of Uniswap unit token because of the L2 announcement probably that was announced. I think today man try XRP helium
immutable. So anyways, like there's not much that's up to actually matter of fact, almost nothing's up significantly and and memes are relatively down unless actually the maraud memes kind of like kind of like good today, but anyways, Tyler tell us. I'm sure Tyler's going to. I'm not even going to go there because I know Tyler's going. To go there, there are a lot of top stories, but I'm just gonna
start with the Trump one. So the Trump family moving forward with World Liberty Financial, they proposed launching on Ave. promising 20% of protocol fees to the Avenue Dow, along with giving them 7% of the tokens. Guess what, breaking news this morning, they're raising $300 million at a $1.5 billion valuation. So that 7% token deal for Ave. pretty significant there.
Next up, we saw that the USDOJ, they brought charges against Gotbet, ZM Quant, CLS Global and my Trade alongside 14 individuals accusing them of manipulating the crypto market via pumping up schemes and some market making. So we'll get into that here in a bit. Stripe, as Mano mentioned, officially began accepting USDC payments with Solana. So it is live and happening. ETH, some bad news for ether. ETH seized from the plus token scheme was moved to exchanges after being dormant since 2021.
Seven thousand of the 542,000 that they've got, that's $1.3 billion worth started moving. So perhaps some cell pressure from that. And then breaking news this morning, Uniswap, they introduced Unichain as a new L2 for D Phi, which also might have some negative impacts for Ethereum as well. We'll talk about that in a bit. In protocol news, Abstract officially launched their
Abstract Global Wallet SDK. KN FT5 introduced flexible loans or borrowers only pay interest on durations of their loan versus fixed interest. Swell introduced an AirDrop checker for its E3 sticking platform. Coin Gecko integrated Arkham, Intel, then Vanek. They keep cooking encrypted. They lost a new $30 million venture fund to invest in AI startups. So like to see that memes and NFTS. We got to talk about the the the memes and NFTS here.
Meme coin majors were red. There was some drama with the cute dolphin meme. You you've seen this meme, it's been going viral. Another one of those vampire attack multiple PvP coins launched. Almost all of them ended up down on the day on shoot volume mini. The mini token was the big winner from the Maraud list. It jumped something like 50% and then a new memecoin launched on the what was the art focused L2 circle. A memecoin launched and ran to 15,000,000 after being featured
in the Beeple every day. Our friend Deese, he got into 40K so a nice little hit for him. An X copy one-on-one chatbot and chisel for 800 ETH. It's $1.9 million highest sale I believe since 2021 at least over the counter. And then OX quit stepping into the VP of blockchain roll at Yuga, overseeing Devon's strategy for 8 chain. So nice move for him. And and yeah, that's the rundown.
A lot of headlines there. My Lord, the irony of the I love the irony of the of the art chain having the biggest, like the biggest thing happening on there right now is the meme corn right away. And I was like, quick, you know what I mean? It's like you're trying to step away from all the meme coin, like, you know, shittery and stuff like that, but you just can't escape it, right? That's exactly where my head went. I feel like once a quarter we we get like the art focused let's.
Talk about let's start with that there tell us more about this thing because I saw it I was at the hockey game then I saw these at like 500X on on but he only put like 200 bucks or something but he turned 200 bucks to like 10K right which is awesome but
the. Shape is the L2 is meant to be this art focused and and dedicated so a kind of a dedicated chain place for artists to create and traders to traders to trade collectors to collect and then we we saw some artists I forget exactly who's behind this I don't know if I. Actually saw it's it's him though, and I say Jules. OK, so so Jules launched this Circle coin.
It's a pretty simple website and if you go to the website it, it's just, it's got the contract and then it's got a circle in the middle, which tells you the market cap. And I, I guess the circle gets bigger as the market cap goes up, which is one of those like it, it's so dumb. It's it's brilliant designs. You know, I I'll try to send it to you. That's the circle though. That's the Beeple every day for me. Yeah. So, yeah. And then Beeple memorialized it last night, which is a quick a
quick one for him. I mean, the thing had only been live for four hours or so. I noticed people has been posting his everyday is the last few days a lot faster. I don't feel notice it usually depends on where he's at and like what he's doing. I like his travels sometimes as well, like what time zone? But I noticed this past week, like he's just, you know, it's like he's just banging him out. Yeah, he, he, he really is. So I think that's what sent it.
I mean, I, I missed this one. A buddy sent it to me. It was under a million, yeah. I knew it had a good chance to run and I was like, I don't have any Ethan shape. I don't want to go through the bridge process and I just didn't do it was too lazy. And like this is one of those opportunities. Like this is one of the cardinal rules of of crypto in trading is that if there are barriers to entry, then that is the trade to go after. Because just like me, people are going to be too lazy to do it.
And then when people ultimately come in, you're going to. Be able to and. Then here we are the 12 and a half million here this morning I saw it was around like 14 when I woke up. Think it think it hit 15. Curious where it goes from here. But it it'll be a testament to how much liquidity is is really on shape. But they've got the X copy drop coming soon. Actually, I don't know if if there's a date on that drop just yet. He announced the winners this
morning. That's his 0.33 ETH, although I mean those those are likely going to trade. Oh yeah. At least a two to three Ethan, I think. It could be a 10 in this market with X copies being so hot. You could, yeah. I mean, you can you tell me 5 ETH? I won't be surprised, honestly. Won't be surprised either. I think the only the only thing making this questionable is that the fact that it's on shape. If it was on ETH it could be a little easier to project. I mean, go figure.
I mean maybe this shit coin changed everything, right? No seriously. Like if this one goes to $50 million, that X copy floor is going to be 5. I mean, and why I'm saying that, and I know I don't want to relate say, oh, because it's I'll be like because it's a Jake Cohen. But the attention just attention around shape, it's like, oh, wait, oh, hey, does this copy thing too. You know what I mean? It's like, like kind of like I swear my heads at.
I mean, it's a brilliant marketing event, right? Like we've seen chains do this, like AVAX started their meme coin fund, you know what, like in in Q1 because they know that attracts people. So I mean, it's smart, right? Albeit ironic. Yeah. Shooting created for art has immediately gone to memes. Yeah, and that's great. I mean, look, hey, meme coins, if if anything, this could show you that meme coins are art.
You know, they can be performance art because the, the the circle just gets bigger as the market cap goes up. And I own absolutely none of it. This is the first time I hear about it. I saw Deez's tweet this morning. I was away last night and and I love it. You know what I mean? That's the type of shit I would have bought if it was still $1,000,000 right now. He's up something, so he's up 300 X. Yeah, something like that. I mean, it's a little lower than this. It wasn't like 15 mil this
morning. It's like 12 mil right now, but it's right down my personal alleyway. I love this shit. I love the art side of Twitter, of course, because that's where I came up with that early NFT Twitter days and stuff. So that's something that I personally I'm a very bad fan of. So love that. Speaking of X Carpe Tyler, I mean, man, boy, I saw that. I mean, sure to go and congratulate the buyer yesterday on Twitter as well. Man, what a sale and and what a piece.
It looks like it wasn't like you like if you're in in these streets, you just kind of assume that a sale this size that the buyer is likely got connected to the the seller like they they've had conversations. Yeah, it's it's almost it's unclear if that happened. He just lobbed. He just lobbed an underneath offer. It looks like it was, no, I think it was made available because of super private sales because I did see David Feinstein tweet something but I may be wrong.
Not the infants. I'm so sorry. It's a translate now. Oh my God that's so bad. Sorry sorry sorry sorry sorry. The someone from Super Rare tweet their link to the thing but it could be that, but maybe not. Yeah. Well, regardless, so the 808th offer came in, it was accepted within like 15 minutes and it's a nice sale. I mean it's the I don't, I can't speak to all the private sales that have gone down and I don't think we even. Know private sales via the one and only Rd.
Roger Dickerman. Got it. OK, So it was brokered by them, very interesting. But I I mean this is one of the biggest art sales we've seen in other 1.9 million. It's huge. I mean, this is an incredible piece. I mean, we should go back on the Super rare here and look at the history of it. What? What? Incred. I think they bought it for .255 years ago. I just love it. Tyler I. All the X copy pieces that have the that have a character.
You know, I really regret selling like I really regret selling my my piece because I don't need that Ferrique. I was like all traded by meme coins and stuff. I, I don't need it. Like, it's like, I'm here, like I'm sitting on the USDC still because I haven't really made big moves with it, because I'm waiting. I, I, I don't know. I I I have to say I really regret selling my edition. Yeah, it's tough.
I mean, they're the the old X copy is going to be incredibly valuable and and the the good ones. Yeah, at the same time, you're going to have more opportunities, right. Like he's clearly creating a lot more. Wow look at this it's listed on 81 K it's crazy. No I didn't buy pay. Good for you, I got more than 40 afraid but for how much ETH it was. But yeah, I'm a. It's a good piece. I mean, look, when you look at this, it reminds me of this piece, you know? Yeah, colors came. Out.
So yeah. Anyways, point being that you're right. So he paid .75 ETH back in 2019? January 2019. Wow. Wow, that's and then the hell that through all the 2021 mania. Wow. And so 800 and that's ether it's lows you think? So if ether goes to like $5000 a cycle like seller isn't for $4 million technically if he holds the ether? Yeah, if you're bullshit, this is a great time to. Make wow wow Punk. Let's check out Punk 49545 Small One Second.
Was that the buyer? Yeah. Wow. Yeah, he's he posted about it yesterday on Twitter. Let me show you Pong 4945. There you go. He made it his PFP. That's a That's flex bro. Yeah, I think I make that my PFP as well. I would for sure, I mean if $2,000,000 PFP brother well in the. Walter gave a couple other X copy pieces. Yeah, there was you. Maybe it's another. They have died with the most likes. Of course my die is going to pop out this way this cycle for
sure. Oh, he's got a little strawby. Oh, he bought it recently, OK. Oh, he's the one who bought the 1/7. 34 X copy one O ones. Jesus, that's nice. 4X copy one O ones pay 280 for this 1175. I mean age as well right? This vibe makes this one really well too. Yeah. Wow, interest and a grifter, of course. And what a grifter is that? Let's let's stay on this copy for a second here. I. Guess 90, I haven't checked her.
999999 like Tennys. Tennys, actually, yeah, Tennys, Yeah. These are going to 50. It's a cycle. Yeah, if Project Aeons and Sprottos are going to 50 E like our friend Murad thinks, I think it's. I'm working on getting those approved on the whitelisted on Robit so we can start giving them away every day. Just a reminder, the Robit code on rafflebot dot XYZ today is X copy. There you go. That's that's that's perfect. So rafflebot dot XYZRAFFLEBOT dot XYZ, the code is X copy.
It's very simple, OK, you can come on the show every day and win worst case like the absolute worst thing you can win is a red guy, which still worth $2000 a pop now and the best case you can win a punk. There's no chance you don't win one of the things either punk or or or a red guy. So so make sure you sign up X copy as a code and and enter 2 spin state 2 winners today. So anyways, Tyler, I feel like we have to talk about the feds like I think this is the biggest
thing that happened yesterday. Run me exactly like what is going on? So the FBI is launching meme coins? Yeah, so the headline here is that the US Department of Justice, they have brought charges against market makers, got bets in quant CLS Global in my trade along with 14 individuals accusing them of
manipulating the crypto market. These companies have allegedly engaged in wash train schemes to inflate token prices, aiming to deceive investors before selling off the tokens, which they're calling a a pump and dump operations over $25 million in crypto sees as a part of the investigation. But where the story gets crazier is that more details kept coming out and that the FBI actually created a fake token as a part
of this sting. If you want to call it the token was Next Fund AI and apparently we got more details from quit. I forget who who was all talking about it, but it it seems like there was even some red flags with the the contract and like disabled trading was a button in inside there, but they were able to convince Gotbet to market make it and I think that's effectively how that they caught them.
Damn. And I think, I think part of it was fake trading volumes, which I think raised a lot of alarms because I think folks, there are folks that believe that happens with a lot of tokens in, in this space where you, you effectively, you know, trade tokens back and forth, raise the price, make like artificial volume, eventually making it seem like there's more interest in the token than there actually is. And then once you get, you know,
more normal, you know, mainstream buyers to come in and you sell it. And then that's the and you move on to the next one. So that that's the scheme. And I guess the other take away here is that, yeah, like the FBI is more deeply integrated into the trenches than perhaps folks thought. Like, are they in the room with us right now? I think that's a lot, a lot of the questions. And the folks are starting to kind of look around the room on crypto Twitter and just say who
else might be so who? Else So who? Let's make a list. Let's do our list. Let's do a FOMO hour list of. We should start doing that Sims foam wireless actually with listen, we may be hiring a new intern. You know, Sims and I had a little you know, he may be listening to this. We have a dope intern coming from foam wire Tyler. So you know the intern intern yeah, he's going to enter myriad. He's going to intern foam wire. He's going to enter maybe rug video.
We'll see. But we should start making lists the foam wire list. So let's make a foam wire list of who is the most likely to be a federal agent. Number one Wizard of So why Wizard of so Ho, I will tell you guys why I think Wizard of so is a is is a fed because he was the OG meme coin shell. He's the OG Maraud, right, The meme coin guy, right? And he, he was, he, he, he cooked also, he made a lot of money.
You know, my boy's rich and, and, and, and what he always claims that he lives in some suburb. So that's some fed shit. Like if you're fed, like this guy owns a club in the Hamptons, right? He owns a restaurant in New York. Catchy, but he's never there. He, he, he lives in the suburbs. You, you're a rich young crypto guy. Don't you want to live in New York City? Not in the suburbs city. There's something there. So I, I I would think wizard. So is a fed.
What do you think? Doesn't add up. It's very possible. So then Coop, Coop Capital this morning said yeah. Coop for sure. He knows they're deep because he says he was approached by the feds to to help be an agent and help them on the inside. So of course you can. You can never tell. But you know, he's public about all the, the, the money he takes to show tokens. Yeah. So he's, I don't know, it could be him as well.
I'm actually scrolling through the fancy top list to see which of these fancy top influencers could be. I think Murad I would put him as like least likely. Yeah, let's hope not. Let's hope Murad's not. Now we put him as least likely, but what The thing is, like a lot of people, I think like, for example, whiz, I don't think he started as a fed. I think he was approached by feds and they were like, listen, you have no choice but to like become a fed. You know what I mean?
Like, you know what I mean? Like I think like, for example, like what do you think about Onsen? Like do you think onsen's a fed? Like I think onsen's not a fed, but like I think he's a guy. They'll come to him because his main character of the cycle is like, yo, you either like become a fed or like, we're going to do this, this and that. But I think he but I think Onsen don't doesn't fall, you know
what I mean? I think you look at the I think Onsen will look at the Feds, me that your hat stays on and then walk out. It it was funny. So I tweeted this this morning. There's actually a market on Poly market for Willie and some get arrested in 2024. And the odds briefly spiked to 50% last night after this news broke about got that. It's just funny. Like he he was the one that that came first to mind for for everyone. But yeah, I don't know.
I meant to sit down and think about this to actually create a list. Yeah, that's a tricky question, but it does just like a reminder if folks are asking you to do shady things. Their heads. Don't do it. What about Rasmere like Rasmere like it's all of a sudden comes out, starts doing these videos could be could be a plant. I I would put Rasmere as like like in the middle, like 5050, you know, like Rasmere, all those the the LA creator crew, you know.
Oh yeah, sucks. Like all of a sudden there's AD God's house with like Frank TG, like Mika Rasmer OG from what I'm picking up on the timeline, like 5050, right? Like what about what's going on in that house? Like do you think the feds like have a grasp on the House? It's. Very possible. Very possible. We'll see. Yeah, anyways, we, we're not ruling it out. We're not ruling it out for sure, you know, but anyways, so,
So what now? So Godbeat, so Godbeat for for what it's worth, like the market making world is like pretty crazy. You got to push all sorts of wild people at these conferences. It seems like the Godbeat team were a little too aggressive when it came to like pumping and or and dumping these meme corns. I think it was was right that that that covered a few of their tweets. Zack XBT yesterday, everybody's
cheating on him. Hey, he warned y'all Zackix BT warned the whole you know, he warned everyone and he called him out a while ago. So, you know, it looks like there's some crazy posts. I'm trying to find them of the Got bit team, like openly like like pumping their thing, like being cool, like say hey, we did that. You know what I mean? Yeah, I think that's a good way to to paint a bigger target on your back.
I think was someone was saying there might be impacts to the meme coin market that people aren't interesting how much market making they did. I don't know. I mean, we'll, we'll see. I don't agree with that. I saw him go back and forth, Vision Harambe yesterday because there's a list of the Gobbit memes, which, you know, all the cabal memes that people see on the timeline pump.
Those are the Gobbit memes. Like all like you guys listening like to the thing, like those were things with Nero. It was all that. Like if I read you the list right now, I'm just going to find it. But like, you're probably going to be like, Oh yeah, you know, I mean, that's probably going to be a reaction. But I don't think like Anilos. Yeah, like the reverse Solana. That was Robert thing that got that that got listed. Kukorn. Remember that one?
So it's like baby doge Nero, like all of us that I don't think you and I even touched because we it was like, you missed him. Like what? How come I missed that? We never heard of it. And all of a sudden it's on Kukorn. Right. So it's like, but The thing is, what's what's more important with this title and what this
could be bad. I don't think it's bad for the meme specifically like a one-on-one, but I think it's bad in general because Golby works very closely to a lot of your favorite central exchanges and they have an indictment. Indictment means that the DOJ can't, no, not can already has the phone, the texts, the emails, the telegrams, potentially all this stuff, right? So in six to 12 months from now or maybe 12 to 18, let's say when cycles pass, there's a lot of creators, you're going to see
a lot of these KOL deals. Like this is going to come cracking down on the people that took these deals. I think this is going to this is going to be a slow bleed, but I think we're I wouldn't be surprised Tyler and we're going to look back at this show like in 18 to 24 months, like, oh, fuck, Oh, this person got and died or arrested. Oh no, like it was part of the carpet thing. I mean, that's why I think it's bad. Yeah, Yeah, it's it's time to to to clean your active if you
haven't already. That that much is clear. I think things like this is a faster moving case too, right? There's a lot of this activity happened like six months ago, 6 to 9 months ago. The water token, you know, Messi's page not long ago was involved in this. Yeah. And I think that's important because I feel like in the last few years we saw these headlines for things that happened like 2 to 3-4 years in the past and it took this long for charges to come and then to build their
case. Well, guess what? Like this is accelerating. So like there's, you know, chances that, you know, themes from 2024 we're going to start are still going to start coming to light more. So we we will certainly see. I mean, look at the end of the day, like I think that messy thing, remember we covered it like that probably is what got, you know, the feds really like activate on this because they activated the most popular, one of the most popular men on Earth.
That's how it is. It's always it's the ones that that use the celebrities that have the biggest reach that the most potential impact to hurt like you're you're more like average consumer or or. Messy man, messy is like has to be top 10 most followed Instagram pages on the planet, right so anyways, that's not great and I think this could you know, I don't know what that means for Binance and stuff, but those were all listed like buy bid binances of this world like
again like these are Ku Korn of course was already in like the already an indictment right was indictment that Ku Korn has on the founders yeah, I think they. All have. Yeah. So, so this is not great. Of course, that's always like a little set back for the industry in general when those headlines come out. So it's yeah, Messi's the third most followed person on Instagram, brother. He's got half a billion followers. Yeah, that's how you get, that's how you get caught, right? Yeah.
Anyways, let's talk to me about this plus token thing, because you mentioned this morning I didn't see it on anybody's page. What is that about? So it, it caught my attention because you know, we, we've been for the last few months, we've been talking about all the overhangs in, in Bitcoin and all the cell pressure, you know, back from seizures that took place back in 2021 or before it was mostly focused on Bitcoin. And now we're, we're starting to see some of that on Ethereum.
So it, it turns out that, and I guess this happened back in August, but again, I didn't see anyone talking about it. Oh, in the last 24 hours it started actually moving. So this plus token scheme ended up raising like 542,008. That's worth $1.3 billion right now. It had been dormant for three years, but now it's on the move. So, so 7000 of the ETH have been moved to exchanges.
So it looks like potentially being sold and and now you know, that's another potential huge overhaul overhang of cell pressure. I didn't really, I had this, this scheme wasn't on my radar. Apparently it's a multi $1,000,000 MLM crypto Ponzi from early 2018. They're arrested for this. There's a lot, but then this has kind of got my wheels spinning like there's probably more of these impacting ETH and like from IC OS and all the ETH rays.
So there's probably these big whales and there there could be more overhangs coming on the ETH side as well. So that was some negative news. And then we got the Uniswap, which is certainly a positive for Uniswap, but perhaps a negative for Etherium. Interesting because. You won't have the ETH gas token involved as I understand it. I believe it's it's powered by UNI. Yeah. Oh, I see. Is it powered by Union? Is that confirmed? That's probably why it pumped, right?
This broke right before the show so I just do want to be careful. I didn't have a chance to go through all the docks, but Hayden announced it Unit chain is going to be built on top of the Super chain. Nice. Fast provable block builder transactions are going to be fast. They're going to reduce MEV loss. Let's go. Centralized validators, MIT licensed, Yeah. So they're going to have their own being on top of Ethereum. But yeah, the initial reactions I saw were that this would mean
less use of ETH. As as I guess, decentralized super chain, it's not a chain, it's a super chain. That's right. Interesting. It's interesting this is aside to do this now, right? Mini swap was at the top and is at the top since very long time. I mean in crypto you're sorry, but interesting. What do you think of that decision? You think it's it's interesting they got a chain right, 'cause you're. Getting this like partitioned away, it's all like getting everything is sitting on top of
it, but you know, more and more. Oh, when I click on super chain it goes to the optimism website. So it looks like it's probably a roll up of some sorts, right? Optimism is a core part of the Super chain. That built me the home of define. That could be interesting. I I mean the mark. Lighting your swap popped on the news. I think it was the top mover on the day. Yeah, it was. It was the only point that really was up significantly on the 24 hours. Yeah, temporary news.
Yeah, big news for D5 and the other big news for D5 is Trump D5, Yeah, coming to the US swap. Donnie T baby. Coming to Ave., Sorry, so 2 so 2 stories. The 1st news broke yesterday. Actually I think D Crypt broke the news. I didn't see anyone else talking about it. That World Liberty Financial proposed launching of Ave. It's going to be pretty enticing
for the avenue. Now they're giving them 20% of protocol fees, 7% of the tokens as it's going to plan to launch with ETH, RAP, Bitcoin and stable coins for deposits. Requires accredited develop accredited investors for early access. And then we got the news of this token this morning. Apparently the road map leaked the the block share this. So they're raising $300 million
in a $1.5 billion valuation. Tokens are are going to be a government's token locked for a year, so they will not be sellable for a full year as we understand it. They also shared a glimpse of the three phase Rd. maps they're going to launch on Ave. first. The second phase is to integrate with exchanges, yet let users on ramp and and off chip off ramp
via KYC. They also want to create a stable coin focused credit card for helping people to spend their tokens in the real world in the final phase. The third phase is to fractionalize real world assets and obtain a regular regulatory license to do so, including hotels and sports clubs, while also becoming a settlement platform for stable coins. So it's a big vision.
I did hear on the nifty show that this morning in the in the fine print that the Trump family perhaps is distancing themselves from this and then they say they are not officially tied to the the project. So I thought that was notable because. World liberty defy. From from World Liberty Financial. Yeah. So I don't know if you have more insight from talking to them directly. I mean, during your conversation it sure seemed like.
I have no more insight than my interview on the 16th, but if you go on Eric Trump's account like he's still, it's all there. It's retweeted Don Junior as well. The original, the original site had Baron as the D5 visionary. Like they're all like on the project page. I, I, I can't find that project page anymore though, so I think they may have either behind. It's either it's behind that KYC wall now, or perhaps they've changed it.
I I don't know, I don't have more information than than than like than you per SE. But but but like it would be, I don't think they would like just like cancel. You know, the thing like we just did a whole thing where like I, Lydia had Donald Trump sing in front of me and then his kids 1 by 1 doing interviews about the project. Like a it's not even a month ago. It's three weeks ago. I don't think it's true that they they've separated themselves.
But again, I don't know. It's, I mean, it's a big raise to 1.5 billion. So like Ave. so like this is going to be an instance of Ave. they're they're trying to launch here. I mean, Ave. itself is 2.1 billion of market cap right now. So they're launching at they're raising at 75% of that right now. So certainly a big number if they're able to pull that off. I mean, it's interesting. I mean, it, it seems like a legitimate D5 protocol vision here.
And I think we we've seen like I've got like the anti Trump version in my comments, like calling it a rug already. Like I'm not really sure how it would rug with with tokens that aren't transferable for a year unless they just don't they raise the money, just don't deliver. But I think it's a little early, early for that. And this isn't a meme coin launch. Like this is an actual protocol and platform to try to build with like a A use case. I think most people would agree
is a a nice use case, right? Like I, I can see real, real value in this if they're able to pull it off. So it's going to be interesting to track. It looks like they are starting to move forward. So I think this raise, I mean, it looks like they're trying to launch this ahead of the election, but I think it was a lot of folks questions like would they do this before or after? It looks like it the. Fact that the token is non transferable perhaps gives them
a little bit more leeway there. But yeah, it looks like this is going to get done soon. Yeah, it's, it's, it's, I mean, I don't know. I don't have the dates. I, I generally don't have any more information than you guys, but we'll see what happens there. I mean, at least it's with Ave. which is, which is pretty good, right, in terms of like security, etcetera. So, so, so we'll see where, where that takes them. What else? What else?
Most of the big headlines, the stripe thing, again, they announced it back in April, huge news. But now it's a fine, it's finally live. So all of their merchants in 150 different countries will be able to accept crypto and then it'll convert to Fiat behind the scenes. So Stripe is taking care of that. So like if you were a merchant like you might as well accept it. Like there, there's not really much much downside. I think it's a one point. I think Stripe does take a 1.5%
fee. I actually don't know how that compares to the normal Fiat transactions. Off the top of my head that there's $10,000 limits per crypto transaction, 100,000 per month. Again, the 1.5% fee, but I mean, I was looking, I wrote this up from the newsletter this morning just for again perspective on Stripe size. They, they process 1 trillion in payments in 2023. They service 2.8 million websites. Just a massive player.
So we've got PayPal deep in the space, we've got Stripe again, I think this is an important signal just to the broader market about, you know, a major player getting into this space. And then also again, like I keep coming back to this, it's the the Holy Grail of crypto holders not having to sell their crypto for Fiat to buy things in the real world. Again, we're getting closer to that.
So it's good progress. I, I think that, you know, I, I think that a lot of the adoption is just going to happen that way and it's just going to normalize crypto in general, Like that's, that's the adoption of people. I think. Remind me some good points. Remember the other day was like, let's be honest, like crypto right now, like the only like utility or whatever like thing happening, Crypto is this or
that, right? It's like meme coins or it's like that making more money and let's not kid ourselves with like useless utilities, etcetera. I think some people are reporting on that after too, but it's like also just crypto as a means of like money, right? Being able to pay for things in crypto across the board is something that that, that, that people, you know, care about the most. And then that's what gets people hooked on to the casino side of it, you know?
Yeah, it's not accepted. I don't think it's a consensus opinion that that crypto's money yet at all at all. The documentary, the Satoshi documentary just showed that like it came across very much like, oh, is this a scam? Like this is the biggest scam of all time. And then there was no real mentions of it, you know, being. 100%. So. Yeah. I think we're a few years out, but again, you know, chipping away. Yep, 100 percent, 100%. What else did I miss? Anything. But I know.
I think we got, yeah. Before we wrap up just quickly I'll I got I got to go for my Maraud list. Oh, we just we. Just see a couple. I love it. A couple big moves on the board. So just for starters, but the board is actually mostly red. Mini was the big winner. It's up 40%. I feel like every day, even on red days, we're having like at least one or two winners, USA grinding up a bit as well.
The most interesting was SPX. So SPX hit 600 million yesterday morning and then a whale unclipped $1.1 million worth in basically in a single transaction. It whipped down to like 303 hundred 20 million, but then it rebounded really quickly. So I think that somewhat notable. Yeah, everyone talks about So what happens when these whales sell? We saw one sell $1.1 million worth and it recovered pretty
well. I mean, I think if you're an SPX holder, I think you're pretty happy with that recovery and the fact that you're someone was able to unclip 1.1 million without a huge impact. So we'll see. There's a lot of Amanda talked about on the show when you do the the market cap math versus holders, there's a lot of SPSPX holders who who are holding a lot. Right. Well, you think there's probably. Going to be more of this. How wild is how wild is this thing?
It's like a 50% candle, right? Like how wild is this? Imagine you're just a holder and like, oh shit, 'cause we're out selling. It's like, no, he's not. We always go out and. Sell it was also on the day like this was just a few hours after like Zach came out and like a close swallow as a maybe. Someone got shaken out. Maybe someone got scared. Although I mean the person they feel like they're, they put $100,000 in 21 to 25 days ago.
Can you blame? Him then in three weeks they they, they turned 1,000,000 profit. Like that's, that's a good trade. Can you blame them? Like that's what I said when you sent it to me. I was like trade, like, you know what I mean? Like, OK, Because that's the point where you ask yourself, what am I after? Another 2X, Another 5X. You've made a million, one out of 100K, you're up in 11X. You could probably buy 10 coins for 100K now and go back to sleep for another two months
again. And then I mean like, I don't know. That's the mistake I made in Q1. I had a few bags run up pretty high like I was warned, like the the next two X from there. So you have to be happy. I mean, buddy pups, right? Buddy Tyler. Tyler did it. And 169 million we're, we're, we're back Pups is back at 169. So it's it's a fundamental number. Bitcoin puppets. Not not not so far from the node monkeys right now, Not so. Did you buy your puppet in the end?
I did, I bought a puppet yesterday. Which one? My apologies to the node monkey family. I sold one and bought a puppet with the proceeds. Oh, oh, you heard that? You heard that. I love that anyway. There's more and more chatter on the timeline about ordinals and runes. There's a lot of talk about pups and puppets. There's zero talk about nerd monkeys. Like that's just, that's just my read and this is an attention game.
Yeah, sorry, EV. EV is asking where's your your pizza ninja is. I'm sorry, he's a Bitcoin puppet. Now you know why? I'll tell you why. Because Bitcoin puppets are the first Bitcoin puppets of Bitcoin. I'm right?