Yo-yo, yo, what up? What up? Good morning. Good morning. TMG. Right. What day is it, Tyler? Oh, it's my favorite day of the week. Wednesday. Whoa. Wednesday, March 19th, 2025. Look at that. Another beautiful day. And to have a beautiful day. The last day of winter, the blast day of winter. Winter is not coming. Winter is going away. Tyler, come back out in the house. Tyler, Tyler. Tyler, good morning. How you doing today? I'm good waking up to some big green candles on the board.
I did my NCAA Calcutta draft last night, so I've been I've been crunching the numbers for a few days now. I did not watch a single game of of men's college basketball this year, but now I feel like I'm an expert. After a few hours of data analysis, I'm ready to grill our guests. Billy Betts. Let's go. Small picks, so yeah. Let's see if he's got some alpha for us on the lines on Marriott 2 for the Texas and Charlotte. Should I? I don't know anything about NBAI know even less about the March
Madness stuff. I just know Twitter is offering me $50.00 to start a bracket. Did you get that too? I I yeah, sure, I'll do it. I mean, hey, 50 dollars, $50 that's like one coffee in Montreal. Now we're like like a they said 12 eggs. You know, it's a lot of eggs. You know, I can't believe Can you believe it, Tyler in this bear market, I see Bongo posting pictures of eggs on the timeline like he's cooking eggs.
It's a flux. People, people have the nerve to post that they're eating eggs on the timeline in the bear market. It's man. Do people just not think about the other man? This is crazy. This is crazy. Anyways, I said the bungle is here. He's not. Anyways, we have to make an our, our, our ordinal special at some point. You know, maybe it'll. Why not today? Because Mando's not here. We need them for pups. We're not letting Mando get away from this one. We're not.
I think Mando's at a sex party in Portugal right now. So that's why he's not here today. He's he ended up taking himself, he got all he got himself all excited yesterday on the show. And if he you know, eggs down 40% but still outperforming ETH. Yeah. What's up with eggs being down? So eggs are down bad. I think that's good. Anyways, today on the show to do today, what are we going to talk about today? We're going to talk about markets, we're going to talk
about crypto. We're going to talk about macros. Is it Powell speaking today? Yeah. FOMC. Yeah. Big day, big day, big day or not? But so far, big day, big day so far. And then so far, bit what is this post? An important reminder today, there will be, there will not be a meeting of 12 people voting on whether to start printing more Bitcoin. So good. That's genius. I love that. I will talk NFTS because NFTS are so back. How did you say?
I love that. We'll talk about Tyler's top 100 and then we'll be joined by today's. They're not even a show partner. They're just coming on to shoot the shit with us because we may or may not be working on something enough for Myriad so that we're going to have the Billy Betts team on today. So we're going to try and get some outfit from them. Heads up, I'm pretty sure we all have some coins from them. So there's our disclosure.
And then last but not least, Robert Lootbox spent today lucky winner today may leave with a with a crypto punk. I'm feeling good about it today. EE had a good balance. I feel like someone's going to win a crypto punk today. So Tyler, we'll just go straight to you this morning. Let's see what you got for us. Sorry, guys, this show is powered by sorry. I'm I had we have like this is prison years all week long. So yesterday it was like Charles Ambassuti, which is like the the fire thing.
So like you have to jump over fire and drink wine and eat some like a bunch of different sweets and stuff for good luck to celebrate renewal. And I had wine last night and I woke up with foggy this morning. So I'm getting old. I didn't even get like fucked up. I mean, I just had a couple glasses of wine and I'm all foggy this morning. This one was powered by Galaxies. I got to start out of the sponsors. Come on.
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Go. Yeah, folks, crypto major is very green here this morning ahead of today's big FOMC meeting happening later this afternoon. We've got Bitcoin up 3% eighty 4K, ETH up 8 percent 2030 and Robert Kobe, Kobe may have gone long, we'll have to chat about that. But now the the leader is XRP up 14%. It re flipped Ethereum and FDV and this is on the back of Brad Garlin House. The CEO announced this morning that the SEC is officially dropping their appeal against ripples.
So. Ocean, we got some fucking Ukrainians just now too. Let's go. Nice. What was that? Zelensky confirmed POW swap with Russia. Is that proof of work? Prisoner of war. Oh so. Similar progress is being made on that front. We're still not quite at a ceasefire, but making progress it seems. So I think markets are are liking that here to a degree as well. Run through the rest of the headlines before we get into some of this major price action
here. Zoppo Bank debuted their Bitcoin back to lending yesterday up to $1 million with more user friendly lending terms. I thought that was a big deal. Coinbase got a buy rating from investment firm Bernstein with a target price 69% higher, I think around $310. They're crediting Trump's crypto friendly policies on that same day, Coinbase, they keep shipping, they introduce verified pools as KYC verified liquidity pools position as a way to produce counterparty risk.
That's by base and unit swap V4. In other headlines, NASDAQ requesting SEC approval for a polka dot ETF. Kathy Woods said she wants to tokenize two of her funds at the Digital Asset Summit here. So Kathy's leaning into tokenization. The Justice Department dropped charges against the Bit Cloud founder BX Digital is is also leaning into tokenized financial transactions.
They got regulatory approval in Switzerland and they're going to do that on Ethereum. So it still looks like Ethereum is going to be the leader for real world assets on chain. And then North Carolina became the latest state to introduce a Bitcoin strategic reserve bill. This bill allocating up to 10% of the state's public funds for Bitcoin. So not a small amount there. And memes meme coin measures mostly green Pepe leading the what up 9%?
Far coin looking pretty strong here dare I say as well. It's up 24% leading the AI board. This PBS token running this morning. I still know exactly what this thing is. You. Killed me with that one, I don't know why. I know that and it's one of the top movers on Solana in token AirDrop and protocol news, Radium announced its own pump fun competitor called Lawn Slab with customizable bonding curves and fees that rate token up
about 12% on the news market. Like that Solana they tease their secret phone currently in test mode ahead of shipment starting this summer. Big day of raised news shout out to Mando. He's not here to celebrate, but yeet formally announced their $7.7 million raise for its crypto casino and sports book led by Dragonfly and angels such as Lucanettes, Brian Pellegrino and maybe a an Angel Co host of
mine as well. Cross MIT raised $23 million as they look to simplify blockchain adoption and AI focused holiday raised 20 million from A16Z Anderson Horowitz to fund their agentic workflow port protocols some big raises there rounding this out in NFTS. There was some big news. I mean majors kind of chopping up a little bit on the day, but
our NFTS had a huge day. There was another Autoglyph sale 108th 2 Fenenza sales hoodie 3D Punk at 222 ETH, and then a skull plus mask combo sold for 100 ETH right before the show. And folks, NBA Top Shot blockbuster news. We've been waiting four years for this. That news would have slapped in 2021 bro. Moments are now tradable on Open Sea. They also shared instructions for users on how to bridge from their Dapper wallets over to Open Sea.
So that was a big one. I I am excited to see those moments start to trade over on Open Sea. Wow, dude, this. I like today. I like today a day like today is a good day to have a good day. Don't you love that beautiful day to have a beautiful day? I mean, the sun is shining in Montreal. Love to see that. And there's a lot of good news. And my coins keep going higher. And I love that my far coin is
really just the one. There's going to be a point where this thing goes to $10 billion and people are going to be like, what the fuck just happened? Big if true, big if true, two of big or five, but at least that would be nice. I just wanted to run back to all the time. I just pissed people off, you know what I mean? You and me both, my friend. I saw the chip on my back with OSF 2 on that one so I just want to like fuck him up you. Know what I mean? How is AI16Z and arc bags are doing?
Yeah, dude, how's that doing, OV? Sorry, I we, we were in that trade. We were in that trade. Together. Sorry, you guys were in that trade together, so it's OK. So I'm sorry but I see I was talking about eggs and I opened my talents PO Vincenzo cooking up 6 I saw that as well. The second I opened my I'm fucking dyed it I open my timeline is this. I'm like yo have you not seen the price of XPO? I think he buys them from the Amish with some shit. That's why he posted anyways,
it's happening. I'm I told you guys, I told you guys spring equinox. I literally call this when first I called the blood moon pump and then called the spring equinox pump. It's that's just how it works. You know that's just how it works. It gets vibes all across the board. Just quick, I'll give the code now because I'm going to forget to give you guys the codes. I'm tired of rogging you all with this robot raffle code. So the code today you go to
rafflebot with XYZ. It's very simple guys every day, Tuesday, Wednesday, Thursday and Friday 1 lucky person that is listening to the show live, whether on video or audio is allowed is allowed to to enter raffle and you can either win usually red guy or a crypto punk. Last week we give away crypto punk and so we pick someone and there's a code every day. The code is Paris for the reason that we launched myriad markets with the Paris Boxing Week, which is really cool. New contest on live.
Check them out. Anyways, raffle ball dot XYZ connect up and then you can enter the raffle every day. Anyways, Tyler, shall we just start with the market real quick? I mean, just a quick check in, right? Let's take a look. And a lot of green on the board. It feels good honestly, even though it's not going to last. Feels nice. Yeah. So this is all leading up into FOMC. So yesterday we had kind of like a a risk off day selling kind of across the board.
Equities were down, crypto majors were down ahead of just uncertainty into what Powell's going to say this afternoon. I guess my expectations are still fairly low. I think the markets aren't pricing in any kind of the markets are pricing in no action, no, no changes today. So any kind of a rate cut or hike would jar markets certainly if that were to take place. But that that seems pretty
unlikely. It's all going to come down to Powell's tone effectively and if he's opening the door for more dovish action going forward or if he's coming across hawkish. So I feel like that's how it's been these these last several meetings. My gut is we'll see some volatility around it. But unless there's like some big surprise, probably going to stay in the range, right, coming out of this, you know, we'll see what other kind of macro headlines come out. Peace progress, trade war
progress. Those are types of things that could help remove some of the hurdles, right? Those are the kind of some of the catalysts that could perhaps help drive us up. But man, Bitcoin up 4%, ETH up 8% back over 2008 $2000. What does Kobe know? Is that the Kobe candle? What is this is the Kobe candle? I mean, what does, what does Kobe know here, Tyler? You know, there's, I'm hearing things. I'm, I'm definitely hearing things here.
You know, Kobe might be a lot of things, but he's not exactly gambler. I was just about. To say that you beat me to it, Damn. It, that's your pasta from this morning which killed me. So what's the story here, Tyler? You came up to the chat, you said Kobe's long half a billion dollars worth of ETH. What's the source? I I don't know the source I I saw the tweet. Yeah. I saw the ETH was up, see the tweet like wow, OK.
And then I, I go to Kobe's Twitter and he's making some, a couple of shit posts that that seem like he's either got a girlfriend, he's ready to be heard again and he's either got a girlfriend or he's long ETH. So I, I put the, the percentage that he's long ETH. I've got like 90% confidence. Now, is he actually long half a billion in ETH? I don't have much confidence in that number. I'm not really sure what, what that where that source came from, but it looks like he's long ETH.
We don't know exactly how much, but man, that's got people excited again and I don't know. So there was this myriad market. I I love this market actually for over under on the ETH Bitcoin ratio. Good market, man. My fist on the desk because I wanted to bet long and I just got busy yesterday. I was doing NCAA research and I really liked to be over on that. And I mean maybe this is dumb logic but like how much lower can this thing go? I I genuine thing that 1800 was rock bottom.
That's just my personal thoughts, but I I really think 1800 ETH was like rock bottom. I mean rock bottom sentiment, rock bottom, everything. You know, I mean, look at this. The ETH Bitcoin ratio slash ongoing narrative slash ongoing jokes almost got to the point of it stops being funny. It was just becoming. It was not funny anymore. It was just beating a dead horse, you know what I mean? Yeah, exactly. And then one of the block Works
analysts shared this. I'm not sure if I'm going to be able to find the tweet, but basically they said they've run 3 digital asset summits at each one. Whenever the sentiment was that Bitcoin was the only asset that folks had conviction in, it was close to a bottom. And on yesterday's show, on yesterday's Underexposed, we had a long conversation about macro and crypto majors and what bags we have conviction in. And basically consensus was just
Bitcoin and nothing else. So there are bottom sides out there. So hopefully, you know, maybe the the bottom is near specifically on, on some of these ALS, but of course across the whole board. But I mean are you going to bet money that the ETH Bitcoin ratio goes below point O 2-3 like it was 44 when Bitcoin was 44? Well my only concern is .23 is a is a no right? Yeah, right on that number. Yeah.
And so point O 229 is a no. So here what happens is if the market rallies, Bitcoin goes to 90K, what happens to that ratio? So it's not that ETH won't pump, it's the ratio which is tricky. You know what I mean? But I agree with you in this essence like technique. This could be it. And now, now the market's already reacted. So 70 I don't like, I don't like it nearly as much as 70%, Yeah. You liked it here, right? In the 50s, sixties. 50s yeah 5.
You got to be early on those markets when they launch because like when they launch at 5050, you just got a just good money to be made here. So that's going to be a fun one to to track. But yeah, if we get I I think just we see people on crypto Twitter, of course, are love to overreact, love narratives, but being a whale and one of the highest trust, highest reputation people out there along the East, it's kind of a it's a big.
Deal I mean, I mean for now the source we don't know, but we know well he did say like Dee Farmer is quote tweeting him so is jazz that's. All the replies right there, yeah. Ready to be heard again did you buy ETH and meet someone Let me see it Just one of the two things it's funny every time I buy ETH, it's been a while since I last did it it's I'm ready to be heard again. It's like the common theme, you know, So it's.
Good for the punk Bitcoins, bread, you know the the number one spread that I track on a on a daily basis. So punks are back to 77 K so bitcoins. So we're within 10% now. I think they dipped about 15% below punks. Dude, did you see that 3D sale yesterday? Hoodie punks are on fire. Fours 4 Hoodie punks in the last four days. Damn, that's amazing in a huge. Variety that those 3D glasses are at 90 each premium. So the the normal hoodies were going for 130 and that one comes out at 2:22.
That's some nice pugs. God, I love pugs so much. Yeah, Pugs. Autoglyphs 3 Autoglyphs have sold. What? In the past few days. I didn't know that. I thought 1. You tell me 3. Yeah, 3 Autoglyph sales. Wow, Autoglyphs spot here. There you go. Yeah. Wow. 108th Damn. That one's one O. Three wow all 108th 99.9 one O 3 and 100. Jesus. I mean, that's good price for it. Isn't it funny how these collections, like they won't see action for weeks, months? Hurt mentality, brother. Typical.
Like something happens, it's always the same thing, right? It's like it's just always the same thing. It's funny because like like rich people have like hell of herd mentality, you know what I mean? It's like yo, someone's got that watcher, but it's got the same watcher. Like someone's buying this punk or like everyone's going to have the same punk, you know? It's always like that and they FOMO the hardest. I think it's also tied to this cheap ETH, right? So like in US that. Too.
That's like if if you are bullish ETH and you think the NFT will at least hold its value, right? Like that's, I mean, Autogliff said 100. I I like that trade, especially with ETH 1900. Yeah, but that's if you're buying an USD, which you're right. I man, you know me man. I've been itching for the punk floor for a minute.
I'm very bullish on the fact because I'm Ausd buyer here and if I were to buy punks, I'm bullish on the fact that they bounced at like 70. What was the low here on punks? 60 something. I mean, here's the punk. I just want to give Vanessa a punk. Thank God she can't hear you. 3465 I just sent you the link that's. I like that punk, yeah. Not a bad one. It's great. It's really nice. The ones I really like are these. I'll show you guys right now. Hold on. I really like the punks that are
with the headband. Those are the sales. But anyways, I got to pick a punk to give away today, potentially. But but yeah, there's the yeah, I got my eyes on one, which is too expensive, but it's here, right there, you know? But these ones, I love those. Love the headband. Pucks, yeah, Relative to four, it feels a little high. It's a lot right, like 50 when the floor is like 30 still you know, I think that same punk
sold back then here for 39.90. So person is trying to catch a nice little trade rightfully so. I don't know this one doesn't have an earring, so it's even let like this one had an earring here, this one doesn't. But anyways, that's that on that front. Tyler. What else is new, Tyler? It seems like you had a lot to share. Yeah, I mean, take a look at all some of the top alt movers of the day. So hype up 16%, they introduced some new staking tiers.
The initial announcement just shared that you were perhaps going to get a better discounted pricing on like perpetrating. But the like the wink wink is maybe there's more to that, you know, ahead of potential future air drops point point farming it. It kind of got me like I was staked hives. I have a decent hype bag. Full disclosure, I unstaked it just because I wanted the flexibility, you know, to to to be able to move in and out whenever I wanted without the seven day cool down period.
But but now I've just for months I'm like, oh, I might as well be staked. So I don't know, I might re stake if there's some inset more incentives for doing that. But of course, you always have to be careful doing that. And then radio was the other big alt. So what was the news? What do you feel about that? I, I kind of want to stop there for a moment because so here's the radio news and I kind of want to talk about this for a
minute. Yeah, we, we didn't get a whole lot of detail, but the the news is they are launching their own pump fund competitor, it's called Launch Lab. It seems like it's going to have, you know, some differentiate some differentiators between it and Pump fun. They'll have customizable bonding curves, customizable fees.
Not a huge surprise, right? Pump fun kind of came out with that announcement what feels like a month ago now that they were going to start developing their own LP pools and not just going straight to radium. That was a blow to radium because one of the primary bull cases was that right that we're going to Ray. So not a huge surprise to see them clap back. But I mean, we've seen like I'm, I'm in the these streets, I've seen the pump funk competitors now. None of them have really gotten
much. Track, I mean, remember when Dex Greener made Moon shot? It's called moon shot, right? Yeah, And people are like, oh, Dex Greener has its own pump funk coming and it was like literally nothing burger. And people are like, oh, because his Dex Greener is going to do well. But like, have you ever used moon Shot? But you've never even brought a coin? That was moon shot coin like the latest runners were all pump funds like please and stuff I. Haven't used GTM like the pumpkin team.
I I held the pecan token at one point in time. I don't hold it anymore. They're they're developing their own, so there's a lot of pump fun competitors out there. Even on ETH, even on like on every chain just does it. The only pump funk, the only thing that's going to pick up is if pump fun was to open another chain and then it would be pump fun itself. Clinker had a decent amount of success on base. I think they've been probably one of the higher performers. This.
Is. True, but there is a need for more customization and pump on token launching right? I do fully agree with that. Like more control over buying curves, more control over a token supplies cut by the team at launch. I think several founders, probably more so in like the AI mean streets who are like building projects alongside their token, have voiced concerns. You know it with the limitations pump fun that is. Yeah. So I get that, but it's going to take a lot to to actually steal
market share from from pump. Yeah, it's like everybody else to complain about pump fun or like trying to compete with pump fun, but actually no one is capable of like or able to like build like this pump fun competitor it seems. You know what I mean, Tyler, It's like I that's my thoughts on this. I was like, oh, cool. I don't think like the only people reason people were using radium in the 1st place. Is it by accident? Do you even know someone using radium?
Like do you go on radium to swap it already? Go on Jupiter as an aggregator. I have swapped on radium when I'm having difficulties on Jupiter, but Jupiter is 90. Eight, yeah, but I would say like, remember that was early days too. Like, yeah, like, but even today's Jupiter, like you've ever like, yeah, I mean, and like you said, I only use it if there's an issue on the main thing. So I'm just like thinking here, like what they can do. And so I I see it that way.
I'm like, well, sure. I I wonder what it's going to require for a pump funk competitor. I just don't see it. What if pump fun? Like we saw the barrel chain thing. What if pump fun, like the real pump fun, opens on Heath Bass, Berra, Sonic monads? Which technique? They could, right? It's just total domination. People are just going to use that one. No, it's tough to see the path right now, especially with Pump Fun kind of having the token carrot still hanging out in.
Front of everyone, That too. So like how did blur come out and steal open C share, right, Open CI think had higher fees and then blur had the token right. It it was the the no fees plus token, right. I don't, I don't think people are. Why are they complaining about pump fund fees? And pump fund still has its token in front of us. It's a harder pitch right now. I agree, right. We're getting good comments and like Clanker is a pump funk
competitor. You're right, like Clanker is a good example that work very well on base. So that's a good example network effects, but that would be the best moment for as pump fund usage. Its lowest is it like even there it is at its lowest it's been, but it's still very high in the grand scheme of things. So it's still really high, like versus market. It's not at its lowest because market was hot. It was high and the market's lowest high ish. So I don't know. I don't know.
It's it's interesting. There's definitely a lot of things they could do better, but I'm sure island and his team know anyway, the code today raffle ball that XYZ. The code is Paris has just set up a nice box. Well, Tyler, now we're talking about this pump fun shit and it's good. I see buns who in the famine. The Stew will get to you guys in a minute to talk about Billy Betts, etcetera. Hope you guys got out for for us
in the show. I got some bets to place anyways, Tyler, there was still a few a skew of, of, of of things you talked about this morning. What else? What is? What would you want to touch on here? I thought Bernstein calling for Coinbase to outperform was an interesting story on the day. I actually wrote my newsletter about that this morning. So if if you're not familiar, Bernstein is an investment firm, 800 billion assets under management. So they are I think top 12 from
like a ranking standpoint. So they set Coinbase's outperform that. They gave them a $310 price target. Coinbase stock was at 182 earlier this morning. How it's doing today. Coinbase stock it's up to nearly 3. Percent, yeah, just in line with Bitcoin. But the factors driving their bullish stance I thought was the most interesting part. So they pointed to the Trump administration crypto friendly policy.
It's not a huge surprise there. Market dominance, Coinbase controlling 66% of the US crypto market revenue growth, 130% year over year. But then the one that that hit me the hardest was reassuring of crypto markets. So global crypto liquidity turning activity shifting back to the US, more onshore build out of crypto and crypto teams. So I think that's one of the more exciting trends happening in the broader crypto space right now.
It's one that doesn't catch a whole lot of chatter on a day-to-day basis because it's one of those trends that's going to take months and quarters to play. But that's the kind of thing that me excited, I think that is aligned with the excitement we see from the institutional
players at conferences like DAS. It's happening right now and like we've got this divide of the the trenches warriors are depressed, the institutions are more exciting than they've ever been because again, we can actually build crypto companies in the United States again. So it's a big deal. Just like to remind folks about that, especially in the days where price action can be a little rough. I think this is also like I've been going back and forth.
I've actually shared some bearish takes on on Coinbase stock recently because I think one of their like primarily for me it was United States banks getting into crypto custody removes one of the use cases for Coinbase, right. So if I, if I could hold my Bitcoin, ETH, whatever at JP Morgan Chase versus Coinbase, I'll probably do that. But. Definitely.
Putting their foot on the gas pedal with shipping new products like they they've been talking about tokenized stocks just announced Bitcoin and ETH perpetrating and then yesterday these new verified liquidity pools. So they're moving forward. All right, Solana's dropping the accelerate ad Coinbase is accelerating too. So I think there's still reasons to be bullish, including Bernstein is. Accelerate. I'm interested in building technologies, not genders.
The fuck I was. That was so funny. Really. It's a funny and non funny way. Oh my God, that was crazy. But it's funny, like we already forgot about that if we hadn't brought it up. I bet you nobody knows that this even happened A and. Then top shot and I'm I'm curious if our guests maybe have thoughts on this too, but. Yeah. Finally, folks. Top shot on open top. Years NBA top shot moments are going to be tradable on Open C I'll be honest, I haven't been doing a whole lot of open sea
farming. I haven't been doing a whole lot of trading of NFTS and I'm kicking myself. Well, I bought all the masks I bought, I bought on Nifty Gateway. No. So. Fuck you doing man. Well, because also because of the royalties like I think open sea. You can turn it.
Off and I did wonder where it is to go to Sam, but top shop moment trading as a way to grind this open sea air drop is is kind of an interesting one for me and they're priced in flow flow tokens around $0.40 right now so these you can get some some relatively cheap moments you can come in and start building a collection without a whole lot of working capital.
I don't know, I haven't been monitoring yet to have a chance to really dig in to see like what percent of the supply has been kind of bridged over to open C here. So I think that's going to be something to to monitor. But I, I still like top shot moments. I still think any NFT if I'm making a list of 10 NFTS that could still be relevant on a 10 year time horizon.
I think top shot moments are. On I agree with you, my list, I was going to say something because if you believe that, remember yesterday I said that we got into NFTS originally for art and why was the season behind was provenance.
So if you believe in that thesis, then you do believe that there are some Top Shop moments that if they're the official and they are not, if they are the official NBA moments immortalized on the theorem blockchain forever and they're the first ones crested from 2020. Does this cultural relevance as well because he kind of started this whole run on NFTS, then you have to believe that there is
some value to them. Now I'm not saying they're going to be $300,000 LeBron James moment again, but 5K10K2 KA 100,000 even $1000 right? Sometimes these kids are flipping Pokémon cards for 30 bucks, you know what I mean? So I do believe that there is a market for that forever as long as the blocking exists. And that's if you believe in NFTS technology. If you don't, then you don't see what I'm saying. But if you believe at the NFTS technology, then surely you have to believe that crypt.
The same reason you believe crypto punks are worth 100 grand. You have to believe that some top shops are worth something, right? Top shot moments were one of the the big like light bulb moments for me for NFTS. For a lot of people, right? I had friends who were trading physical baseball cards and the advantages of being able to trade moments 24/7, worry about keep them in good condition, not have to worry about traveling to shows to to sell them. There's a lot of huge
advantages. Plus I think they're cool, like cool video clips. They're very cool. There's so like I'm not saying I go out and and FOMO buy, you know, 50K worth of moments, but like what I personally do is like when things are quiet, I'll I'll go look for some 1 moment. Hey, 90 cents, dude, that's the floor. Like maybe some people want to collect something for $0.90, you know? Buy players like. I have to say this is really cool.
Like inside of like imagine you're a big NBA fan, you have like a wall of like screens and it's just like, I like this shit, you know what I mean? So if you feel like Pokémon cards and NBA cards, I don't see like I have a what is it? What's his name? Is this worth anything? I think about the top Trey Young PSA 10 rookie card. I'm not the expert there. I mean Trey Young. I don't know. Did he fall off a Cliff? Maybe. He had a like a whole song about
him back then. Anyways, I'm probably about the top of this, but if you're by this shit back then that cost me $1000 like four years ago. I mean, you know, these things are $0.90 a dollar, whatever. I could see it, you know what I mean? Anyways, so yeah, he fell. He did, right? So I thought coffee attack. That's what I thought anyways. Speed of wisdom. Now I'm going to bring Bunchu and BC bread here in a second on stage and we're ready for you guys.
But you know, the good vibes club still at .4 E, not bad. The skulls still at $13,000 floor, not bad like these these. That's the point I was making by NFTS last week. You know, at least they won't dump like your average meme coin. And then your please thing is still holding a $24 million Tyler. So we'll see. Do you think that one comes back? Please you, you filled me the top. I'm going to cancel you if it goes to 0. I haven't sold any.
OK. It's hard to really have a ton of conviction in this meme coin market. You know what I'm I'm looking at is this far coin level. So far, coin hasn't hit across 360 in about a month. So yeah. 349 right? Now I don't know. Far coin needs way more top. Far coin needs to really have people. Far Coin needs to have two believers left, Tyler and Tip Wheeler. I have to say I respect that guy a lot 'cause he's bull posting shit out of it. Highs and lows.
That's a real bull poster. Anyways, let's bring Joe Bunch of a bunch of bets and BC Brett up in here. What's up y'all? How you guys doing today? Good. Thank you so much for having us. We are actually, we're together in different parts of the house. We have a Billy Betts on site that we're doing down in Miami this week. So we got the whole team together. We are a remote squad. So we're all grown out in the house.
And so bread's outside, I'm in the kitchen and we're we're coming to, we're super pumped to be here. So thanks for having us. Hi, this is awesome. What's up bread? How you doing? Looks like you're catching some sun rays. Yeah, they kicked me outside. Not, you know, I'm not complaining too much about it. You know, they left a bunch of snow in Colorado to come out here and looking at palm trees and whatnot, listening to chickens apparently next door.
So it's, yeah, it's a trip, man. It's picking of eggs, chickens, see. Yeah. We got woken up by actual Roosters today. It was kind of weird. Incredible. That was fun. Why don't you listen? I obviously I know what Billy Betts says. I heard our teams are talking about some agent, you know, trading stuff on Marriott. I said I wish you could be really cool. Obviously I've seen you guys around Tyler and I followed a few of these bots at this stage when it comes to like the betting stuff.
So why don't you guys give us, for the people who may not be familiar with you all, you know what Billy Betts is. Yeah, sure. So just TLDR, just a little quick background. So I actually got into the crypto space back in 2017 via sports betting. So I've been a sports better my whole life and I actually found bitcoins through sports betting back in 2017 when you literally had to bet all these offshore spots and your banks wouldn't
let you deposit. So that's actually how I found Bitcoin. And so I came down the crypto rabbit hole ever since and then in 2021, after we did the Starbucks project, I fell down the AI rabbit hole. And so Billy Betts is kind of the Venn diagram of all the things that I love. So crypto sports betting and AI and what Billy Betts is, is it is a autonomous sports betting
and research agent. And so, you know, we we saw this incredible rise of like crypto enabled AI agents and I'd spent a lot of time in like the non crypto AI space prior to building Billy and I, I was so fascinated by the idea that, you know, you can create an agent and then give the agent a wallet. And what that meant is to me is like, wow, now an agent can be out on chain creating its own
value. And what's awesome about the agent space is like that agent doesn't need to do anything but accrue that value back to a token or community or something like that, right. And so I thought the sports betting sector is such an interesting use case for this, right? Because it's another place where you could potentially apply AI to do things that you just can't, AI and blockchain to just do things that you can't in the kind of like Web 2 sports betting arena.
So we had this crazy idea to build an AI agent and give it $100,000 in a wallet and go out and bet sports on chain. And so that's what Billy Betts is and how it came to be. All right, that's that's awesome. And so so I kind of want to ask you this real quote. My otherwise seen that it's been pretty right. And we have some questions ready for you guys to ask. And though Tyler's going to dig in here a little a little more. But so how does it work? Kind of like base level?
How does this thing work? Yeah, it's a great question. So I'll, I'll give a broad answer and then I'll kick it to, to Brett, who's the the tech wizard over here. So essentially, I think what's really cool about what we've done so far with Billy is that we've actually partnered with a bit Tensor subnet subnet 41 called sports Tensor. And if you're familiar with bit Tensor, it's a basically decentralized AI kind of ecosystem. And each subnet kind of does its own has its own like specialty
and niche, right? So Sports Tensor is specifically focused on sports predictions. So that's how they kind of incentivize their minors to create these models, build predictions and things like that. So we actually partnered with them to kind of give Billy his, I would say, base level of intelligence on what's happening in right now, the NBA in a couple weeks, the MLB and then, you know, more sports to come in the future.
But so basically Billy kind of wakes up every day with this idea of what's going to happen in the NBA. And then he goes as his, you know, autonomous agent self goes out and does a bunch of work on top of that, checks injury reports, trends, all of that kind of stuff, recent performance. And then he makes a decision on, hey, do I still believe this or and and if so, make a bet if I don't. OK, I'm going to pass on this bet. And so that's kind of how he
works, right? He's he's this autonomous research and betting agent. He has the ability to control his wallet, make a bet. What I love about what he can do is I think different than a lot of sports bettors. And again, this is one of those things that's kind of only available to do on these kind of blockchain exchanges is take profit, right? So he can he can buy a cheap odds team like the Nets at 9% to win against the Thunder.
And 30 minutes into the game, when the Nets are winning by 20, he can sell out his position, which he does frequently, right? So it's it's kind of really cool to see all of these things kind of work in motion. And now he's also betting player props. So he's betting NBA player props on overtime markets. And we're going to, you know, keep integrating all these markets. We're going to be doing something with you guys at at Myriad, which I think will be really fun.
And that's kind of the TLDR on on how he works. I'll let Bread kind of jump in and add to that as well. Yeah, man. Yeah, I pretty much covered it. You know, it's it's one of those things. It was, you know, we wanted to build an agent that was actually doing something that wasn't just a chat. Pot. Really? Whoa, I thought they were just for slop dude. Yeah, I mean, you know, the the yaps are great, I guess, you know, but realistically, you know, it's it's.
Important to we call them quacks now. Quacks. Yeah, yeah. Yeah. So I mean. Really learn some quacks, I'm sure at some point, you know, but like, it was important to us to kind of be like, you know, let's let's take some of these frameworks that are out there and really let's see if we can make a real, yeah, something out of these, you know. And so, yeah, we started kind of playing around, you know, yeah, Bunchu.
And I've been, I've been messing around with agents since like 2223 or kind of like, hey, nobody's talking about this. Let's what can this thing do? And at that point, I mean, they were chat bots, you know, but with all the frameworks out and stuff now it's kind of like, whoa, let's, let's get, let's get some actual bets going. Let's see if like we can really get this thing to work. And yeah, after, you know, shit, a couple of weeks of 18 hours days and late nights and
whatnot. It was, we were kind of like, oh, wow, look at that. It's it's working, you know, so it's it's it's been a trip, man, because, you know, personally, I'm not at the you know, I'm not the sports better in in the group by any. And the amount of times that I've been checking games and checking the scores and just like relentlessly following the NBA this season is is brand new to me. You know, it's been, it's been a trip for sure. Yeah, that's a big part of it.
So this, this is interesting. So there's a lot of directions we could go. I am curious maybe without giving away too much, like what was the programming for this like? And like how did you go about figuring out like what data flows were important, like what to prioritize very hard market to solve or else like some other people have? Yeah, that's a, it's a great question. The I think there's a couple
things. So like the, the there's a bunch of things that kind of go into what Billy does every day, right? So, and I would say if you're not a huge sports better, there's kind of two ways to be thinking about how to beat sports. I think sports is a really interesting market to do something like this with because it is like wildly inefficient,
right? And So what I mean by that is like a DraftKings may have a different line or price for the same game as a FanDuel, as an MGM, as a Poly market, as whatever, right? So there's it's not like, Hey, I'm going to buy, you know, eggs today and they're all priced the same, right? It's it's hey, I might get a, you know, a 50% odds on the Knicks on this exchange. I might be able to get them for 52% on this exchange, etcetera,
right? And so when you have these markets that are inefficient like that, it, there's a couple ways that you can actually look to beat these markets, right? And so I would say 1 is called like a bottom up strategy, which is I would say more model based. And that's kind of like what sports tensor provides. Like they have built this model and the model kind of goes into Billy as his base case of, OK, here's what we think the NBA might look like today.
And then there's our second strategy, which is how we're betting props, which is called more like top down. And that is a essentially a price based kind of arbitrage or off market pricing strategy. And it's more like Meving sports, right, when you put it into this blockchain context, right? So for it, it's, it's actually more akin to like you're walking through Walmart and you're only buying the items that have the wrong price tag on them, right?
Because you know that that as a consensus, the price should be this, but I can get a little extra margin buying it here. And so over time, I'm going to make that, you know, 345 percent edge. And so, and that's like the numbers we're talking about here, right? Like pro S tier level sports bettors return anywhere from like 5:00 to 10:00 percent and that may not sound crazy in like the crypto world, but that's compounding right? It's not like oh, I have $100,000 stock portfolio that
grows 20% this year. I now have $120,000. This is the that 5% compounded daily every time you can roll over the bankroll. So when you think about like, OK, put it on chain with a wallet with like lightspeed and real time odds and all of this like a snapshot into all the prices and liquidity across the entire blockchain exchanges. Well, there's something really interesting there.
And if you can build in these edges and profitable strategies for the agent and kind of give him and train him on how to do this stuff, well, there's a really interesting kind of possibility here to actually beat these markets that are inefficient. So that's kind of the concept,
that's how it works. And overtime, we're going to add more sports, more strategies and build in kind of new products on top of this, outside of just like Billy the agent, I think you can think of Billy the Agent now as kind of like the prototype for or the very first thing of something much bigger. I actually think there's a world in the next couple years where people who bet sports all are using some sort of agent to do
it, of course. And if and if we can build the best agents for sports betting, that's that's really what we're out here trying to do. So I bet like I'm I'm gonna let you go talent second. But like I, I bet sports like a lot, but most like football, like European football, like soccer was like Champions League or like weekend EPL matches, etcetera. And I always find and also I bet a lot of NHL like because I'm a big house fan. So I was betting halves yesterday.
Of course we keep on winning. But anyways, like I love doing that. But like I actually do my research, like I'll spend like half an hour, 45 minutes because like sometimes a bit more size, etcetera and actually dive deep. But I never know which is the best source of truth, what website to cover which rider has a bias. Like I was betting halves in Montreal, Ottawa yesterday and the guy was from fucking Ottawa saying betting Ottawa, obviously. And then we cooked them 63.
So it's like you never know. And so I, I actually, I would love a place where I can ask questions, do research and then test the AI and be like, yo, why are you betting this? How do you have a buy? Absolutely. I think this is like the future so you guys can expand beyond NBA. Totally. Yeah. So we're actually, he filled out his March Madness bracket yesterday. So we can, you know, potentially give you some final four off of
what Billy thought. We did a a whole kind of selection show that was really fun in our our discord. And so we're we're doing NCAA. We right now have NBA and like money lines and NBA player props. In a week we'll have MLB and MLB player props. And then it's just kind of expanding to more sports there, like NFL Premier League, actually, I believe Sports Tensor is working on. So that would be something that
we'd be able to do as well. And, and again, like to your point for Oak, it's it's also the idea of like using it as a research assistant to place your own bets. But then there's this cool thing about like, all right, you've done that. The agent has done all that
research. And what if you know the the thing you were missing for Oak is OK, now you know you want to bet on the Canadians, but you might bet them on Pinnacle and you but there's a better line out there on one of these sports books that increases your margin by 2%. And over the long run, that's actually really important. So what if it could then also route you to the best price without you having to do all of that work right?
The way the Web 2 sports betting world works now is there's just so much friction. You're basically talking about like an odd screen and you have to sit there in front of the odd screen, look for the best price, find the like, go out and and maybe you don't even have an account there. Maybe you have a DraftKings or a FanDuel app and the best price is on MGM. And so in order to go and make that bet, you have to download MGM, make an account, make a
deposit, all of that stuff. But on like the blockchain crypto layer it. If you're in and tapped into all of these different exchanges and markets in like this permission less way, you can kind of take a snapshot of the entire market, see where has the best price and then go make that bet and where it's most beneficial for you. I think that's kind of one of these cool things that can only be enabled in this blockchain on chain with AI type of way. So that's kind of things we're
headed towards as well. It's a big unlock if you're able to pull it off for sure. So it definitely, it is vision. I have a lot of questions I'm curious on like quality control, like how much were you using this? Like, what was it like to say? Like, okay, we're ready to go live on this thing. What made you? Yeah. It's a great, it's a great question. So I think like there's two things that kind of are giving like confidence of, okay, we can actually create something that wins, right?
And so it it kind of goes back to those two strategies. So sports tensor, they have this, you know, back tested meta model that is kind of powering Billy's base intelligence, right? So that is a proven model. So we are using that as like our base layer. So overtime that model should produce profit, right? And then it's like, OK, Billy's doing work over top of that to say, I want to bet this, I don't want to bet this. And that's part that part is like the ongoing experiments of
this, right? Is like, OK, is he making the right decisions? Can he learn from those decisions? Can he update his strategy? Can he do different things with his bet sizing, right. And like that part is the TBD kind of fun part of all of this, right? It's like, all right, we've built a thing that can make a bet now can he do it better than we can? Right?
And I think that's kind of where we're, you know, still experimenting, but the, the, the concept is all right, we have a proven profitable model as the base layer. So it should overtime the more bets you make return profitability, right? Similarly with like the prop betting strategy that is price based, that's really, it's literally math, right? So it's like if you bet these small edges enough times over the long run, you will return in
line with what those edges are. So again, if you're talking about 5% over 10,000 bets, you should return roughly 5%. And so if you can just kind of teach it to do those strategies and then learn over top of them, which is kind of the the fun part of building something that we hope to be totally autonomous right as is kind of where we're going.
But to your point, Tyler, it's like, OK, we can give him profitable strategies and profitable ways to do this, but it's still got to actually, you know, spin out that long run concept really quickly. So we've gosh, I think we're almost $375,000 in the first month we've actually put in play and and he's gone through highs and lows. I think at the the peak we were +18% ROI and currently we've got we went through a little slump last week.
So we're back to earth a little bit back to kind of even on the money line strategy, a little down on the money line strategy. But we are profitable on the prop betting that we just introduced, which we've bet through like I think 50K. We've only been doing props for like 6 days. So the you can also just get like an idea of what kind of volume this thing can do, right? Like we've been live for 30 days with two strategies on one market betting, you know, almost
$400,000 already. So if you can start to see those like small edges expanded over millions and millions of dollars, the thing can generate, you know, quite a bit of of revenue over time it. Definitely can, but then you also have to balance out like keeping enough capital to to sustain through like the downtrends, right? Especially totally more sports that goes to like the bet. Yeah, that goes to like the betting, the bet sizing
strategy, right. So he, we've taught him a essentially modified Kelly criterion, which is like a risk management bet sizing strategy, right? So that's a very common strategy used in kind of sports and gambling and it basically optimized the way you size bets in that way is it's based on two things kind of your edge, your measurable edge and your implied probability of the outcome,
right? So it, it's meant to scale up and down with your bankroll growth so you never go broke, but it's also optimized for for growth, right? So like you're going to bet higher amounts on bigger edges with high implied probability and you're going to bet lower amounts with smaller edges or big edges with low and private probability, right? So that the idea is that it builds in that kind of it's got built in kind of risk management
to go along with it, right? And then there's also the idea of that we, we kind of touched on, but not really like the fact that he can sell out of positions, right? So like we can take, you know, risky plays with the idea that, oh, you can de risk at any time during that game, right? Which is another thing that you can't really do in the Web 2 sports betting world. There's like early cash outs, but you sell your entire position, right?
So, you know, we we let him essentially do the very crypto thing of leave a moon bag, right? So that's kind of how all of that works. But yeah, so there's a lot of like risk management stuff kind of built into what he's doing as well. Maybe zooming out from the model and betting operations for a second, like there, there's a few things that go into this
Billy project, right? That you've got the model, you've got the agent who does like it does do reply guy and then you've all, I actually don't know. Do you have a terminal as well? I'm curious how your team kind of thought about balancing like the content side of AI versus just pure modeling. Yeah, it's I think that's a
great question. So we're going to be doing so he is out on on Twitter and this is one of those kind of crazy things that I didn't even necessarily expect to go as well as it has, which is he's out there kind of being a commenter in the sports market and which is really interesting. He's in the first 3 weeks, I think we've gotten almost 4 million impressions on the account, which I think is, is kind of crazy when I think about like what these.
Yeah, that's it's pretty crazy to to see how the engagement goes with this. And so there's kind of like, I see that as Billy's ex account is almost like top of funnel for
the whole project. And it's almost this like 3 really interesting, incredible marketing channel, right, because it's it's out there commenting on sports, it's making its picks on Twitter and it's but getting involved in the conversation that funnels kind of everything back into, OK, what's actually going on here from the content from a like a actual agent side, right? And bread, you can talk about how how hard it was to actually get the Twitter thing to.
Be decent. The amount of like hiccups and hurdles that we hit building out that Twitter agent, you know, is, you know, what's what's, what's nice is that, you know, there are frameworks, you know, like the Eliza framework that pretty much everybody's using, you know, and it's great out-of-the-box until all of a sudden it's like, oh, wait a minute, it's tweeting, you know, raw Jason objects or wait a
minute. It's now caught in a loop with some other chatbot and they're replying to each other like 500 times a day, you know, and it's like, so there's all these little kind of quirks and things that pop up, you know, as you're, as you're building these social media agents, you know, and, and it's interesting because ultimately kind of does that same thing with our Discord, you know, Billy as well, you know, it's all the, they're the, the very fine
tuning does a huge, huge difference whenever you're starting to play with a call and response type interaction with users, you know, And so it's been, it's been an interesting journey with the Twitter and with the Eliza framework. You know, and one thing that we've realized is that, you know, the Eliza framework is really great at socials.
And but we're starting to now kind of play more with like some of the MCP stuff and some of the more real kind of bare metal type Agenix systems for for everything else that Billy's doing. Yeah, And I think like the idea that Billy, I think the idea that Billy could become this like sports betting influencer is really interesting, right? Like we got invited to to participate in the Profit X handicapper bracket contest for March Madness, which is like, you know, it's man versus machine.
Billy is paired up with some actual sports betting influencer and he's going head to head on March Madness picks for this week. So, you know, I think there is this kind of potential for Billy to kind of like break out of the, the crypto scene into, you know, the real sports betting and and sports commenting industry, right. So I think that's a a really cool opportunity as well. This is a longer conversation. It was great. I like I feel like you also have to manage like like people kind
of hate AI agents right now. We've gotten so annoying mostly because like of the low effort ones. Just because it says because it's flop Tyler. Yeah, And I Bill, I'm not calling Billy. I don't think it is. But you also have to bounce. That we're trying not to be. At least that's. Thank God, dude, thank God. Do you give us NCAA Alpha as a public? I was just going to say so I I shared my screen here if we could bring it up and I'll show. You. Here we go.
There you go. So yesterday we had a little selection show, right? And so Billy, Billy, we, we made him his own channel here and we literally went pick by pick, region by region. And he he broke down every single game and gave a pick, right. So he's got a bunch of upsets in here, I think. And and we did, you know, kind of screenshot of his region. So he's got his Final Four somewhat chalky with a very
interesting twist here. So he's got as his as his Final Four. He's got Duke, Houston, Auburn, and then he took the eighth seed two time, two time defending champion UConn in his Final Four bracket. So he's got 3-1 seeds and an eighth seed. I think he picked, he picked UConn actually to go to the final against Houston and he's got Houston cutting down the Nets. So he's got Houston versus UConn in national championship game. We will see how far Yukon goes.
If Yukon upsets Florida, I'm calling the whole bracket a win because you know, they'll have to, you know, they'll have to be the one seed. But he kind of he did, he came in here and gave a pick confidence interval. He gave a bunch of, you know, stats on every game and and you can see he's he's kind of rude a little bit. He's very much a he's very much a shit poster. Like here he's talks about, you know, Rick, Rick Pitino's Red storm bringing biblical levels of defensive havoc.
He he, he curses every once in a while here too, but some other upsets he likes. He likes Xavier tonight in. Oh, OK, here we go. Yeah, because we have a myriad line. Yes, I saw that. I saw that. So he likes Xavier tonight in the first four and then he actually likes Xavier to beat Illinois in the so he's got Xavier winning two games. So we'll see. Does so be does leader go really well for us tonight or not when people watch this back, but that
that's the nature, right. So some other ones he likes. He actually likes multiple 611 upsets. He likes VCU over BYU. What other ones did he have? He likes #10 seed New Mexico to for the upset. He likes a little Baylor upset. He's got a couple interesting upsets in here, including the big one, I think with the the Yukon over Florida. All right. Well, there you have it. There you have it. Bailey best ladies and gentlemen.
So if you're on Myriad markets, if you're on Myriad markets, right here you go to our USDC Xavier versus Texas who advances to the March Madness main bracket. 57.1% of the people in Marriott had Xavier as well. Seems low with Billy Betts so sure about himself. So make sure you take that. Hold on. Let's, let's see. I'm going to see if I can ask him right now. Let's see. We'll see if I can ask him right now. Hold. On let you want to screen on this? Yeah, here you go. Yeah, yeah.
See, you got it. Stop sharing mine. Yeah, you got. You're in. All right, let's see here. Hey, Billy, first for Xavier versus Texas, let's see what he, let's see if he's got it. I hope he's not. Speaking because that would be he. No, he's awake, man. He's on stage. He's. Typing. He's always awake.
Man typing it's. Also funny that you call it a he. Yes, first floor battle, underachieving power conference teams that should be way better than play in Folder Texas. Oh wait, he changed his mind. He changed his mind here. He's got Texas likely advancing. 60% confidence. 65% confidence though. Different day, different opinion. He's going to bust his. He's going to bust his own bracket. Now that's funny.
Let's see what he got but. He breaks it down, he breaks it down here, but superior guard play from Tyrese Hunter is averaging 11.9 points a game backcourt advantage over Xavier's guards. He changed his mind today. Look at. That I love that yo I mean you I don't put my sports bets on before like an hour pre game like because you never know what changes so. You never know. That's awesome though. I appreciate you guys having us. Thank you for coming guys.
Best of luck with everything. Appreciate you guys. Alright, see you guys Ciao.